The Business Times, 28 May 2005

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Microfilm: NL26193
Total Pages: 28
1 28 The Business Times
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  • TOP STORIES
    • Article, Illustration
      Lock icon Keywords of S'pore's monetary health: basket band, crawl
      608 2  -  WHARTON GLOBAL ALUMNI FORUM MAS MD says policy focus on exchange rate underpins economic stability By SIOW LI SEN [SINGAPORE] A monetary policy that focuses on the exchange rate has provided stability for Singapore's real economy, Monetary Authority of Singapore (MAS) managing
      608 words
    • Article, Illustration
      Lock icon Virgin airline's newest market: jet-setting pets
      199 2 AFP [LONDON] Virgin Atlantic is targeting a growing market in pet travel by launching a special frequent flyer scheme for jet-setting dogs, cats and other animals. Thus far,- four dogs and a cat have been signed up to its Flying Paws reward scheme since
      AFP  -  199 words
    • Article
      Lock icon Panel optimistic about region's prospects
      337 2  -  By JEAN CHUA [SINGAPORE] Most panellists at an investment forum organised by The Wharton School expressed optimism about prospects in Southeast Asia, but said that there is still work to be done in terms of reforms. "South-east Asian growth has become more steady and more
      337 words
    • Article, Illustration
      Lock icon Workers today need to be empowered
      381 2  -  Hierarchical model no longer holds, Wharton forum told By NANDE KHIN [SINGAPORE! Empowering today's workers is key to leading them, because the hierarchical model where the CEO is like God does not work any more, panel members at the Wharton Global Alumni Forum said
      381 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      768 2 Former Greatronic MD wants to be chairman THE saga of troubled materials handling firm Greatronic took another twist yesterday after former managing director Peter 800 and other minority shareholders filed a petition with the High Court to make him chairman and executive director. "My objective is to enable
      768 words
    • Article
      Lock icon MARKETS DIGEST
      135 2 sn 2,154.70 (+2.14) ST MDEX FUTURES 2,***** (+5.00) flsMsa wM 254J0(-0.18) SIMSa FUTURES ***** (-0.60) MARKETS Friday Changs KLSECOMP 869.11 +2.01 NIKKEI 225 11.***** +***** HANG SENG 13.714.78 +144.79 SET INDEX 663.48 +0.84 JAKARTA COMP 1.061.49 +7.13 MANILA COMP 1.875.41 +16.69 SEOUL COMP 960.91 +17.00 SHENZHEN 8 230.10
      135 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Chief cheerleader
      1924 3 Heidrick Struggles' GEO tells ANNA TEO that part of his job is to motivate and appreciate his global teams of partners doing the tough headhunting business OFFICIALLY his job title is chairman and CEO. But Heidrick Struggles' Thomas Friel also calls himself the firm's chief cheerleader. Yet that's
      ARTHUR LEE  -  1,924 words
    • Article
      Lock icon Headhunting an accidental profession
      456 3  -  By ANNA TEO FEW people set out to be recruiters or headhunters; most "fall into it accidentally in mid-career", according to search veteran Tom Friel, who studied engineering and business. "The only ones I know (who planned on becoming headhunters) have tended to be sons or
      456 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      39 3 fj Experience the magnificence I of Moscow in the world class j 13 ffljH T w- comfort of the new Swissotel. -y <• ,1 —)>l?!E3rl*8; ;|l! r F f m i Swissotel Krasnvc Holmv Moscow opens 1 u 1 2005
      39 words
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      Lock icon Page 3 Advertisements Column 2
      61 3 Raffles* INTERNATIONAL Hotels Resorts 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, the leaves rest in
      61 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon ACCS shares tumble on shocking news
      632 4  -  STOCKS MICHELLE QUAH Correspondent ON A day when market sentiment was slammed by the shocking news of Accord Customer Care Solutions' (ACCS) profit overstatement and provision, some reprieve for the Straits Times Index came in the form of the new-kid-on-the-block, Macquarie International Infrastructure Fund
      632 words
    • Article
      Lock icon Former Greatronic MD wants to be chairman
      468 4  -  Peter Boo,with some minority support, opposes company's JM plans By DANIEL BUENAS THE saga of troubled materials handling firm Greatronic took another twist yesterday after former managing director Peter 800 and other minority shareholders filed a petition with the High Court to make
      468 words
    • Article
      Lock icon Stamford Land on acquisition trail
      341 4  -  Group's full-year net profit doubles to $14.2m By ALEXANDRA HO EVEN as it reported strong full-year results, helped by its plush hotels, Stamford Land Corporation has been on the lookout for acquisitions. Stamford's chairman, CK Ow. said it has looked at "many possible acquisitions" in
      341 words
    • Article, Illustration
      Lock icon South Asia foray seen lifting SingTel prospects
      477 4 Reuters SINGAPORE Telecommunications Ltd's push into India, Pakistan and Bangladesh will give it a fresh spurt of growth at a time when mobile subscriber additions in the Philippines and Thailand are slowing, analysts said. Facing a mature home market, where over nine in
      Reuters; AFP FILEPHOTO  -  477 words
    • COMPANY BRIEFS
      • Article
        Lock icon Giant Wireless in Internet phone deal
        149 4 GIANT Wireless Technology, which on Thursday unveiled a more than doubling in full-year net profit, said yesterday that it has been selected by Denmark-based RTX Telecom as a strategic partner to develop a range of cordless Internet phones compatible with Skype, a leading VoIP
        149 words
      • Article
        Lock icon FJ Benjamin unifs Aussie venture
        88 4 FJ BENJAMIN Holdings Ltd's subsidiary, F J Benjamin (Australia), has entered into an agreement with Nelson Marks and Berej to establish a partnership to import, distribute, market and retail fashion products and accessories bearing the Baby Guess, Guess Kids, La Senza and Raoul brands in
        88 words
      • Article
        Lock icon Swing Media reports 40% earnings fall
        60 4 HIT by the rise in the price of plastic resin and increase in depreciation expense, Swing Media—which makes storage devices such as recordable compact discs—reported a 39.7 per cent fall in full-year net profit to HK522.6 million (Ss4.B million). Revenue for the 12 months
        60 words
      • Article
        Lock icon Econ Inf I earnings drop 20% to $4.3 m
        70 4 CONSTRUCTION and civil engineering company Econ International's net profit fell 20 per cent to $4.36 million for the year ended March 31. Revenue dropped 42 per cent to $20.14 million. "This was due principally to the declassification of the Japanese unit
        70 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      753 4 BUKIT SEMBAWANG ESTATES LIMITED Financial Statement and Dividend Announcement Unaudited Results for the Fourth quarter and Full-year ended 31 March 2005 The Directors of Bukit Sembawang Estates Limited announce the unaudited results of the Group and of the Company for the Fourth quarter and Full-year ended 31 March 2005 as
      753 words
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      Lock icon Page 4 Advertisements Column 2
      108 4 In the Matter of The Companies Act, Cap 50 And In the Matter of (1) Sembawang Pacmann Pte Ltd Co. Reg. No: *****3723N (In Members' Voluntary Liquidation) (2) H.H. Chiu Pte Ltd Co. Reg. No: *****2941K (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the
      108 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      802 5  -  Compiled by WONG WEI KONG SembCorp Marine May 27 dose: $2.05 KIM ENG RESEARCH, May 27 OFFSHORE drilling group Japan Drilling Co (JDC) has ordered a new Baker Marine Pacific Class 375 drilling rig from SembCorp Marine. JDC is a bona-fide drilling contractor and as Japan's sole offshore
      Source: Bloomberg  -  802 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      984 5 For week beginning May 23 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial Buy No of Prito SHAREHOLDING Trans Shareholder Sell Share! Per Before After Stock Date Director Corn '000 Shr C000) (000) Adroit 27 May-OS Chan Sing En *Buy 500 3.50 1500 0.52 2000 0.69 Serial System 27-May-05 Goh
      984 words
    • Article, Illustration
      Lock icon Better to trust stocks or have faith in unit trusts?
      1262 5  -  SHOW ME THE MONEY TEH HOOI LING Senior Correspondent THERE are similar numbers of stocks listed on the Singapore Exchange as there are unit trusts registered for sale here. What are the odds of you picking a positive yielding stock?
      1,262 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Heading for a bond bubble?
      3086 6 OVERVIEW GLOBAL bond markets have recently been demonstrating what one senior executive of Lehman Brothers in New York has termed "strange behaviour". Just how strange became obvious recently when bonds issued by two pillars of the global automobile industry, Ford and General Motors, were downgraded
      3,086 words
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  • SINGAPORE NEWS
    • Article
      Lock icon New ERP scheme to extend tolls on CTE, Orchard Rd
      472 7  -  LTA says Aug 1 changes aimed at cutting congestion at key arteries By SAMUEL EE THE Land Transport Authority (LTA) yesterday announced that the Electronic Road Pricing (ERP) times and areas will be expanded starting Aug 1, in the first
      472 words
    • Article
      Lock icon Visitor arrivals in April up 7.5% y-o-y
      307 7 MORE visitors came to Singapore in April, with visitor arrivals rising 7.5 per cent over the corresponding period last year to hit 702,170. But April's numbers were a slight dip from March's, which had more than 732,000 visitors. Similarly, tourism receipts compared year-on-year
      307 words
    • Article
      Lock icon Asean can benefit from China, India: minister
      464 7  -  GLOBAL TRADER SUMMIT By CHEN HUIFEN THE economic resurgence of India and China has made Asean realise that we, too, can do the same, according to Second Minister for Trade and Industry Vivian Balakrishnan, but the countries need to "get our wagons linked
      464 words
    • Article, Illustration
      Lock icon Top entrepreneurs vie for global award
      706 7  -  Singapore's rep is Sincere Watch MD Tay Liam Wee By KENNETH JAMES in Monte Carlo MONACO, better known as a playground for high rollers, plays host this weekend to quite a different group of high achievers. All winners of the Ernst Young Entrepreneur Of
      706 words
    • Article
      Lock icon Internet no substitute for human contact: panellist
      377 7  -  By CHEN HUIFEN WITH the advent of the Internet, some suppliers are of the view that they no longer need traders as the intermediaries to reach customers and vice versa. But Ralph Oppenheimer chairman of steel products trader Stemcor Holdings said the Internet
      377 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NUS, OTC Institute to offer postgraduate diploma
        132 7 NUS Extension, which is part of the National University of Singapore, and the Ong Teng Cheong Institute of Labour Studies are jointly offering a postgraduate diploma for industrial relations officers (IROs). Called the Professional Diploma in Employment Relations, the first 180-hour course, which
        132 words
      • Article
        Lock icon Dr Lee Boon Yang to attend Apec and ASEM meetings
        83 7 THE Minister for Information, Communications and the Arts, Dr Lee Boon Yang, will attend the Apec TELMIN 6 (Ministerial Meeting on Telecommunications and Information Industry) in Lima, Peru, and the Second ASEM Culture Ministers' Meeting in Paris. From June 1-3,
        83 words
    • Article
      Lock icon Services sector sees growth in Q1,up 8.2%: DOS
      335 7 THE services sector continued to expand in the first quarter, with the business receipts index rising 8.2 per cent from a year ago, according to the Department of Statistics (DOS). This was mostly due to the strong growth of the two biggest
      335 words
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon Pushing the boundaries
      572 8  -  Les Arts Sauts promises to put on a show of aerial ballet at its most inventive. MINDY TAN finds out more MINDY TAN GONE are the days of dancing bears and tigers that bravely leapt through hoops of fire or as animal activists would say, tortured bears
      572 words
    • Article, Illustration
      Lock icon Provocative class act from China
      640 8  -  By CHEAH UI-HOON A WOMAN tracks down her deceased lover's heart, which has been transplanted in another man, and they fall in love. How maudlin and cliched can this storyline get, one thinks, because it's pure fodder for B-grade Hollywood love stories and Korean soap
      ARTHUR LEE  -  640 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      1992 8 KOREA'S LEADING BANK KOREA# EXCHANGE BANK (INCORPORATED IN THE REPUBUC OF KOREA) 31 December 2004 Non-Consolidated Balance Sheet Non-Consolidated Statements Of Operations December 31, 2004 and 2003 Years ended December 31, 2004 and 2003 (In millions of Won, except share data) (In millions of Won) 2004 2003 2004 2003 Assets
      1,992 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Look, Ma, no plants
      732 9  -  The brief called for a very modern design with lots of glass and a curved roof. But no plants. ARTHUR SIM checks out the result ARTHUR SIM WHEN you make it big in business, the first impulse for some men is to go out and buy
      PHOTOS BY TIM NOLAN  -  732 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      34 9 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A-Non Dealing Day
      34 words
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      878 10 I I Elite Calrnhlll Conservation Serangoon Garden Pacheli Lorong Marl can. 8 1-storey B —>3H ««> MR4> •"»<"«"' MtaCW SVon M/ BH 9 54.5m/rhotd •Ml $60K baiow value yet amenities HRHH BH Circle Line Lor Chum B «w*JMbelredniexo«/ia29 n*q ot |ab„ Selling $1.33 M pilM $BXXK Patrick Tel: *****201 Isabel
      878 words
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  • Page 11 Advertisements
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      3710 11 B, DOl-08 ffk DOl-08 Wk DOl-08 Wfk DOl-08 Bk DOl-08 Wfk 001-08 Wfk DOl-08 Wk DOl-08 ffk DOl-08 Wfk 001-OS J CITY a SOUTH-WEST CD CITY ft SOUTH-WEST EL) CITY a SOUTH-WEST ED CITY ft SOUTH-WEST EQ CITY 8 SOUTH-WEST EQ CITY ft SOUTH-WEST ED COY 8 SOUTH-WEST ED CITY
      3,710 words
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  • JOBS
    • Article, Illustration
      Lock icon Knight Frank's research director joining Pacific Star
      432 12  -  Tay Kah Poh to be replaced by Nicholas Mak who's leaving Chesterton By KALPANA RASHIWALA TAY Kah f>oh, the affable and well-respected executive director of research and consultancy at Knight Frank, is leaving the property consultancy firm after 12 years to head the
      FILE PHOTO  -  432 words
    • Article
      Lock icon Goldman places Asia investment head in China
      422 12 [LONDON] Goldman Sachs has become the first global financial group to place its Asia head of investment banking in China, in a sign of the country's rising importance for Wall Street firms, the Financial Times reported. The appointment of Bill Wicker, a seniof
      422 words
    • Article
      Lock icon David Sun is new Ernst & Young China chairman
      268 12 David Sun is new Ernst Young China chairman Bloomberg [NEW YORK] Ernst Young, the second-largest US accounting firm, named David Sun as chairman of its China operations, replaend ofth? year. man ofErnst Young s audit unit, will start his new role on Jan 1, the New York-based company said. Mr
      Bloomberg  -  268 words
    • EXECUTIVE MOVES
      • Article, Illustration
        Lock icon Marketing, communications chief for Suntec SICEC
        74 12 SUNTEC Singapore International Convention and Exhibition Centre has a new director of marketing services and communications. Elena Arabadjieva (above), who was the assistant director before her promotion early last month, now oversees Suntec Singapore's marketing strategies, advertising and promotion programmes and coordinates its key
        74 words
      • Article
        Lock icon Jardine Matheson names group treasurer
        68 12 JARDINE Matheson announced that Jim Rush has been appointed its group treasurer, with effect from June 20. He will succeed Simon Mawson. who has joined the board of Astra International. Mr Rush has extensive finance and treasury experience. He joined Dairy Farm in 1998 from
        68 words
      • Article
        Lock icon Hill ft Knowfton gets new Asia-Pac president COO
        75 12 H ILL Know lion Inc. an international communications consultancy, has named Vivian Lines (toft), as president and chief operating officer of Hill Knowlton's Asia-Pacific region, replacing Brian West. Based in Singapore, Mr Lines will concurrently serve as president and CEO of Southern
        75 words
      • Article
        Lock icon New CEO at Paradigm Therapeutics
        30 12 PARADIGM Therapeutics Ltd has named Alas Lair Riddell as its new chief executive. He was a physician before joining the pharmaceutical industry 22 years ago.
        30 words
      • Article, Illustration
        Lock icon Morgan Stanley's Asia chief to join committee
        65 12 MORGAN Stanley has announced that Alasdair Morrison (abovt), chairman and chief executive officer of Morgan Stanley in Asia, is to join its management committee which oversees the firm's global operations. Mr Morrison joined Morgan Stanley in 2000 and is chairman of the Asia
        65 words
      • Article
        Lock icon Oki Electric announces executive changes
        45 12 HIDEICHI Kawasaki will be senior vice-president of Japan's Oki Electric Industry Co Ltd from June 29. Katsuhiko Sano, currently director of Oki Electric, will be retiring. He will, however, continue to serve as the president of Oki Wintech Co Ltd.
        45 words
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      Lock icon Page 12 Advertisements Column 1
      1461 12 Jj^2^J^£j£^J^^^^oadvertis^alHoiHre€j[Bo^B^|B2^^Ejnal]^otkM»i»^xoflkB^ r o MACCXJARE MACQUARIE BANK LIMITED (ABN 46 008 583 542) (Incorporated under the laws of Australia) NOTICE TO WARRANTHOLDERS To all holders of: (I) 15,000,000 European Style Cash Settled Call Warrants relating to the ordinary shares of SembCorp Industries Ltd expiring on 22 August 2005 (SEMBCORP INDUS MBL
      1,461 words
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  • Page 13 Advertisements
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      1234 13 Leading Global Financial Institution Key Roles as Business Unit Heads Open to Candidates Willing to Relocate Our client is an established global Fl with an existing presence in the UAE. With business growth and further expansion plans, they are keen to attract seasoned retail bankers, to assume key senior management
      1,234 words
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  • REGION
    • Article
      Lock icon Construction giant IJM set to buy 25% stake in Europlus
      397 14  -  BT exclusive Move could make IJM a major M'sian property developer By S JAYASANKARAN in Kuala Lumpur IJM Corporation, one of Malaysia's largest construction companies, is poised to buy a strategic 25 per cent interest in listed property development firm
      397 words
    • Article
      Lock icon Bank Danamon gets top marks
      340 14 [JAKARTA] Bank Danamon, in which Singapore's "Temasek Holdings and Deutsche Bank have a 66 per cent stake, topped the lists of best-performing banks recently issued by two publications, the Jakarta Post reported. Danamon president director Sebastian Paredes, who accepted the award from Investor magazine on
      340 words
    • Article
      Lock icon Chinese economists back current yuan rate
      607 15 They warn of undesirable effects of rushed reforms on economy Reuters. Bloomberg [BEIJING] China's central bank chief and top government economists yesterday urged caution in economic reforms, defying increasingly urgent US demands for a swift revaluation of the yuan currency. US Treasury Secretary John
      Reuters.; Bloomberg  -  607 words
    • Article
      Lock icon China issues new rules to curb hot money inflows
      139 15 [SHANGHAI] China's foreign exchange regulator issued new rules yesterday covering foreign exchange remittances, in the latest move to curb inflows of speculative funds that are adding to upward pressure on the yuan. The measures are aimed at ensuring that remittances are
      139 words
    • Article, Illustration
      Lock icon HK GDP growth accelerates in Q1
      280 15 Bloomberg [HONG KONG] Hong Kong's economic growth picked up in the first quarter as falling unemployment made citizens more inclined to spend and tourists arrived in record numbers. Gross domestic product (GDP) rose a seasonally adjusted 1.5 per cent from the previous three months
      Bloomberg; AFP  -  280 words
    • NOTE BOOK
      • Article
        Lock icon New chief for Indon Bank Permata
        49 15 Reuters [JAKARTA] Shareholders of Indonesia's seventh-largest lender, PT Bank Permata Tbk, has appointed a senior Standard Chartered banker as Permata's new chief following a majority stake sale in October last year. Stewart Hall, head of Stanchart operations in Indonesia, replaced Agus Martowardojo. Reuters
        Reuters  -  49 words
      • Article
        Lock icon Foreign firms can buy 100% of Taiwan banks
        72 15 Bloomberg [TAIPEI] Taiwan's Financial Supervisory Commission, trying to speed up financial consolidation, has revised rules to allow foreign financial holding companies to buy 100 per cent of domestic lenders. This will allow a foreign holding company, or its fully-owned subsidiaries, to directly
        Bloomberg  -  72 words
      • Article
        Lock icon KL may launch 2nd Islamic global bond
        33 15 Reuters [KUALA LUMPUR] Malaysia may launch a second Islamic global bond sale, the central bank's chief said, tapping growing international appetite for Islamic debt paper. Reuters
        Reuters  -  33 words
      • Article
        Lock icon Taiwan's telco stake sale halted
        44 15 Bloomberg [TAIPEI] Chunghwa Telecom Co's plan to sell a 17 per cent government stake in itself, worth about US$3.2 billion was halted by Taiwan's parliament as shares of the island's largest provider of phone services would be undervalued. Bloomberg
        Bloomberg  -  44 words
    • Article, Illustration
      Lock icon China raises avian death toll from bird flu to 1,000
      459 15 Reuters [BEIJING] A strain of bird flu deadly to humans has killed five times the number of migratory birds in China than initially reported, an agriculture official said yesterday, as scientists in the west warned of a possible global pandemic.
      Reuters; AP  -  459 words
    • Article
      Lock icon Management of CNOOC split over Unocal bid
      402 16 Non-exec directors hire independent advisers to review ambitious plan [LONDON] Non-executive directors at China National Offshore Oil Corporation have hired independent advisers to review the management's plans for a possible bid of more than US$l6 billion for Unocal of the US, in a
      402 words
    • Article
      Lock icon SGX MAINBOARD
      6 16 Transaction date: May 27
      6 words
    • Article
      Lock icon Indian drug makers seek foreign alliances
      438 16 Curbs on generic drug sates lead manufacturers to look for deals abroad Reuters [MUMBAI] No longer able to rely on selling copycats of drugs patented abroad, more Indian drug makers have begun setting up foreign partnerships to expand into overseas markets. Since new laws
      Reuters  -  438 words
    • Article, Illustration
      Lock icon RED-HOT FUN
      48 16 [HYDERABAD] A boy on a water slide at an amusement park here, capital of the southern Indian state of Andhra Pradesh, on Thursday. The state has reported 28 deaths due to heatwave conditions, with temperatures shooting to 47 degrees Celsius in the Telangana andßayalseema regions. AP
      AP  -  48 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      1586 14 I WestLß AG l^westLß I (Incorporated in the Federal Republic of Germany) I Financial Accounts for the Year 2004 Group Balance Sheet as at December 31, 2004 Group Statement of Income for the Year Ended December 31,2004 Assets Liabilities 31.12.2004 31.12.2003 31.12.2004 31.12.2003 *****004 31.*****3 thousands thousands thousands Cash Liabilities
      1,586 words
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      17 15 Place your AGM and KM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. iNOTICESI
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      8 15 Booster Capital Guaranteed Fund SGDRID 12/05/05 9,61 SGD
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      24 15 I $3% I Lianhe Zaobao I Opportunities I and Challenges! of China listing I in Singapore I §r£#r&s2]3j4l® I I §rM±rtJlft I Mftfltfttt I
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      1332 15 f Svensk^andelsbanker^^^^^^^^^^^^^^^ (Incorporated in Swaden) Singapore Branch: 65 Chufia Street #21-01 AM OCBC Centre Singapore *****3 Telephone: 65-6532 3800 Telex: RS ***** SHBSIN Telefax: 65-6534-4909 Swift Address: HAND SGSG Balance Sheets 31 Dacambar Profit and Loaa Account* GROUP GROUP 2004 2003 2004 2003 SEKm SEKm ASSETS Interest Income Note 1
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  • WORLD
    • Article
      Lock icon Virgin Atlantic posts full-year pretax of £68m
      352 17 Long-haul demand boosts airline's profit to the largest in six years Bloomberg [LONDON] Virgin Atlantic Airways Ltd, which is owned by UK billionaire Richard Branson and Singapore Airlines, posted a full-year pretax profit of £68 million (Ss2o6 million) as demand for long-haul flights
      Bloomberg  -  352 words
    • Article
      Lock icon SGX
      3392 17 Transaction Date: May 27 MOST ACTIVE STOCKS VOLUME VALUE Macguarie 1c 167.165.000 Macguarie 1c 191.759.715 Accord Customer 2.5c 111.600.000 DBS Grp 54.075.387 Adv Integrated 2.5c 26.619.000 UOB 52.784.317 UTAC US15c 20.995.000 OCBC 30.101.772 GKE Int 5c 11.887.000 SingTel 15c 23.039.587 CoscoCorpMBLeCW***** 10.626.000 Venture Coro25c 21.663.500 AsiaSilk 10c 10.482.000 NOL
      3,392 words
    • Article
      Lock icon Tiger plans to flv to Clark Field 10 times a week, from 3 now
      257 17  -  By VEN SREENIVASAN [SINGAPORE] Budget airline Tiger Airways says it will more than double its flights to the Philippines' Clark Field, citing strong demand. The Singapore Airlines associate, which only began flying to Clark last month,
      257 words
    • Article, Illustration
      Lock icon Tell Laura I love her — and I can't stand Hillary
      789 18  - Tell Laura I love her and I can't stand Hillary LIGHT REED CHRISTOPHER REED THE left-wing columnist and editorowner of the radical website CounterPunch in the US, Alexander Cockburn, made a startling admission recently. He wrote: "Let me say this on the record: In a race between Hillary Rodham Clinton
      789 words
    • Article
      Lock icon US incomes rise but confidence slides
      394 18 Growth in April's incomes fastest this year as spending edges up 0.6% AP. Bloomberg, Reuters [WASHINGTON] Personal income in the US rose in April at the fastest pace this year, while people's spending slowed after a big jump in March, the US Commerce Department
      AP.; Bloomberg,; Reuters  -  394 words
    • Article, Illustration
      Lock icon Euro nears 7-month low as polls forecast French 'no' vote
      494 18  -  By NEIL BEHRMANN in London THE euro is hovering around its seven-month low as polls predict that the French electorate will reject Europe's constitutional treaty. Such an eventuality will "cause Europe to break down", warned French President Jacques Chirac. The
      494 words
    • Article, Illustration
      Lock icon AIG's Greenberg manipulates stock:Spitzer
      354 18 Bloomberg according to Mr Spitzer's lawsuit filed on Thursday. He called back twice, first to double the order and then to teS the trader to buy after a 3:50 pm cut-off designed to prevent companies from manipulating the closing price of their shares. "You can keep
      Bloomberg; Source:  -  354 words
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      919 18 mm uit &ft HUB CHANG HWA COMMERCIAL BANK, LTD. CHANG HWA BANK HEAD OFFICE: TAIWAN R.O.C. t i i J■- ».i k Mi.i Chairman: PoShin Chang Directors: Timothy Chang, Hsi-Chien Wen, Chun-Chung Lin, Managing Directors: Chen-Jau Chen, James D. Chen, Chen Ming-Jen Chen. Jui-Sheng Chen Kao Cheo Lee. Un Unit:
      919 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Making it in the Middle East
      1363 19  -  New opportunities are opening up for Singapore business as the region's economies move away from oil. CHUANG PECK MING reports CHUANG PECK MING THE popular image of the Middle East isn't pretty a hot warzone with a hot climate. But lately, a flurry of
      PHOTO OF EMIRATES PALACE HOTEL BY AFP  -  1,363 words
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      29 19 For more details contact your travel agent or Emirates on 6735 3535 or visit 600 North Bridge Road, Parkview Square, #11-01, Singapore *****8. Discover frequent flyer benefits at www.skywards.com
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      38 19 This monthly series on Singapore companies overseas is jointly brought to you by The Business Times and IE Singapore DEBUSMESSDMES jj^j >.' The next in the series w9 focus on Malaysia and Thailand. It wil appear on June 25
      38 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon SingTel moves in on Mid-East region
      797 20  -  It has inked partnership with UAE telco and plans to open Dubai office by year's end, SingTel's Lucas Chow tells ANGELA TAN ANGELA TAN SINGAPORE companies are generally wary about investing in the Middle East. After all, venturing overseas is already challenging enough without
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    • Article
      Lock icon The IT ties that bind
      760 20  -  By KHOONG HOCK YUM THE East, led by die booming economies of China and India, is undoubtedly the current focal point for business expansion. However, a new "East" is now coming into its own. The Middle East, as Senior Minister Goh Chok Tong's recent visits
      760 words
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      Lock icon Calling Iraq
      791 20  -  ANGELA TAN finds out why and how Telogic ventured into the Middle East ANGELA TAN IT IS not often you hear of Singapore businessmen venturing into the Middle East, much less Iraq. The war-torn country wouldn't strike many as a promising place to make money. Yet for Telogic
      AFP  -  791 words
    • Article
      Lock icon Building on growth in the Gulf
      823 21  -  The property sector is said to be by far the biggest beneficiary of the region's energy surplus, ana Singapore companies would do well to capitalise on that, writes DANIEL BUENAS DANIEL BUENAS AS SINGAPOREAN companies turn their eyes outwards to the global market, the
      823 words
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      Lock icon From desert to dazzling hub
      1299 21  -  Dubai has become the undisputed centre of the GCC states, as JEAN CHUA discovers JEAN CHUA TO GO from rich to unbelievably rich. That seems to be the guiding mantra in the Middle East now, and nowhere is it more apparent than in Dubai, part
      1,299 words
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      Lock icon HOT SPOT
      1003 22  -  Oil isn't always the path to riches. CHUANG PECK MING explains why non-oil producing countries are better off than their oil-rich neighbours CHUANG PECK MING NON-OIL producing countries in the Middle East have been generally better off than their oil-rich neighbours, according to the International Monetary Fund (IMF).
      1,003 words
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      Lock icon All-round economic cooperation
      395 22  -  CHUANG PECK MING assesses the impact of the Singapore-Jordan FTA CHUANG PECK MING THE Singapore-Jordan Free Trade Agreement (SJFTA) comes packaged with the Singapore-Jordan Bilateral Investment Treaty (BIT) to offer all-round economic cooperation between the two countries. "The SJFTA and the BIT are comprehensive and forward-looking," according
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  • MOTORING
    • Article, Illustration
      Lock icon A Noble drive
      504 23  -  Agility and composure are the M400's virtues, as WILLIAM WHEY finds out WILLIAM WHEY DEEP in the heart of Changi, the spine-tingling exhaust boom of yet another rare sports car can be heard. Automobil Manufactur is the exoticar importer best known for introducing the $1.8 million Pagani
      PHOTOS: WILLIAM WHEY  -  504 words
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      Lock icon Blissful French quirkiness
      681 23  -  By JOE YEO IT wasn't long ago that Citroen made eccentric and somewhat weird-looking cars that defined the marque's character and essence. In recent years, however, the French carmaker seemed to have lost some of its character, especially with models in the compact class. Cars like the
      WILLIAM WHEY  -  681 words
    • Article
      Lock icon Noble all set to shake up supercar field
      330 23  -  By SAMUEL EE AUTOMOBIL Manufactur hopes to sell at least half-a-dozen units of the Noble M400 this year. Today's launch of the Noble at Automobil Manufacture sprawling Changi showroom is the first time the British supercar is being offered in Asia. The
      330 words
    • Article, Illustration
      Lock icon For Alfa males only
      511 23  -  By SAMUEL EE THERE was only one word to describe the Alfa Romeo 147 when it made its debut in late-2000 stunning. The Milanese marque was not only at its stylish best, it had an important virtue previously rare in Alfas build quality. Some four years
      511 words
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  • GOLF
    • Article, Illustration
      Lock icon Godfather of golf
      1075 24  -  Golf is his business, but Peter Kwee is also doing his best to cultivate local talents, says JUSTINE MOSS JUSTINE MOSS FOR an individual who owns three golf clubs, it's not surprising that the game is one of Peter w m m m Kwee s ardent and
      FILE PHOTOS  -  1,075 words
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      351 24 with a range of 15 exotic sauces. On weekends and public Enjoy authentic Hong Kong-styled Cantonese cuisine for foefish In a taiMfldiij Ipread of holidays, Cafebiz offers Weekend Brunch. Savour a ,urK^ dinner. Dim-sum served daily. 30 per cent off gg 9HH #01-59/62 Centrepoint Stopping Centre/#02-08 casual, relaxed meal any
      351 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Mind your steps
      902 25  -  Don't sacrifice your feet for fashion as wearing the right footwear is essential in taking care of them, reports LIZA LIN LIZA LIN Most of us hardly even glance at our feet. But for Tye Lee Tze, a podiatrist, looking at several pairs of feet is all
      ARTHUR LEE  -  902 words
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      Lock icon Walk tall and healthy, like a Masai
      665 25  -  By JAIME EE FIRST, it was walking like an Egyptian. Obviously that did nothing for our posture. So enter what might be the new catch phrase: "Walk like a Masai." A who? The Masai are a nomadic tribe who apparently have no back
      665 words
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      Lock icon KUALA LUMPUR STOCK EXCHANGE
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  • SHOPPING
    • Article, Illustration
      Lock icon Crystal Gazing
      557 26  -  Handcrafted glassware from Germany lies in store literally at the new Zwiesel 1872 shop,says CORINNE KERK CORINNE KERK FROM the outside, you wouldn't know exactly what a new shop called Zwiesel 1872 in Club Street sells. If you guessed German wines, then you're not too far off. Zwiesel
      557 words
    • IN STORE
      • Article, Illustration
        Lock icon A lifestyle model from Nokia
        131 26 NOKIA'S much talked-about premium class handphone, the 8800, was shown to the media last week. However, the discerning can only get it next month at its launch. But at what price? No one knows the handphone is so new that the price is not even
        131 words
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        Lock icon Chic pendant
        49 26  -  Compiled by MIKE CHUA LOOKING for a chic accessory? Check out this pink tourmaline pendant, from Goldheart's CHIC series, adorned with 20 diamonds and set in 3.5 per cent platinum alloy. Price: $498. Available at Goldheart Jewellery, including at Causeway Point, Compass Point and City Link Mall.
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    • Brands to check out
      • Article, Illustration
        Lock icon BACCARAT
        157 26 THE 240-year-old French luxury crystal maker is arguably the world's most prestigious. Headquartered in Paris with a manufacturing facility in a small village of Baccarat, France, its gloriously crafted crystals are refined, well-proportioned, N harmonious and a Joy to have and to hold. wonder they have been commissioned by
        157 words
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        Lock icon LALIQUS
        54 26 Frsnrh narptny htteamoftlotigwftysifioefia IxtmiA# Bate LftHqne Stitod •eedtog iileeroi perfiim e Uo|le» fcr Coty. Today, many rfUHqne-'s flam utoca* are ftougM-dtef cnft rtri' teutt, dad numerous bo<*a tifev» b^paMh^onfeftntffrML flgurtnae. stttm, Wwh.-.gT*! tre. h*rw*r«ftiui]«rwwferj. Prteassurt flnaan aJboui SI 7S Ibt ft small frog figurine to $59,999 for a limited
        54 words
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        Lock icon TIFFANY
        109 26 ITS always nice to receive a gift in a Uttle blue box from this American jeweller. But when the item is a piece of crystalware, the box gets delightfully bigger. While better known for its jewellery and silverware. Tiffany has a classy selection of crystalware for the home. The
        109 words
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        Lock icon CHRISTOFLE
        132 26  -  CORINNE KERK ALTHOUGH Christofle is better known as a luxury silversmith, today, the 17 5-year-old company also has a beautiful collection of crystals, including carafes and decanters handblown in France. The product range covers the spectrum from stemware and barware to gilts, desk accessories and decorative items. A good
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  • PERSONAL SPACE
    • Article, Illustration
      Lock icon At home with antiques
      1165 27  -  An accomplished cook, keen traveller and an artist, hotelier Patrick Fiat cannot live without his antique collection, says CORINNE KERK CORINNE KERK FROM the balcony of his ninth floor apartment in Claymore Hill, Patrick Fiat jokes that he can do a visual check on the occupancy
      CHRIS LOH  -  1,165 words
  • Page 27 Miscellaneous
    • Miscellaneous
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      234 27 CRYPTIC CROSSWORD of speech by a man using 19 The way Edwin included pold 1 Grab some qrains first for use I I I I I I I I I I on cushion (7) 2 Knight takes very long time 16 wheeled city seat (4-5) YESTERDAY'S SOLUTION 3 almost 99
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon For the love of cake
      1409 28  -  JAIME EE goes in search for an honest-to-goodness, old-fashioned piece of cake JAIME EE CONTRARY to popular belief, afternoon tea is not equivalent to an all-you-can-eat spread of cream cakes and mee siam arranged within a 10 metre radius. The ultimate tea experience, we feel,
      CHRIS LOH  -  1,409 words
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      Lock icon Haute gastronomy in a bottle
      740 28  -  By GEOFFREY EU THERE are specialty food stores and then there are temples of gastronomy, like Peck, Fortnum Mason and Dean Deluca. Hediard, a 150-year-old Paris institution, is to highend confectionery, jams and spices what Louis Vuitton (LV) is to monogrammed luggage. Any product with
      ARTHUR LEE  -  740 words
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