The Business Times, 6 June 2005

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Microfilm: NL26283
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES SINGAPORE 85 cents MICA (P) 089/03/2005 Monday, June 6,2005 online at http://business-tjjmes.asialxcmsg
    15 words
  • Article
    Lock icon Foreign stakes take hold in local banks
    840 1  -  DBS is tops with foreign shareholding of 56% By SIOW LI SEN [SINGAPORE] Wee Cho Yaw, chairman of United Overseas Bank (UOB), sometimes grumbles that he is working for "foreigners". But there's an element of truth in his charming remark, uttered half in
    840 words
  • Article, Illustration
    Lock icon On the cutting edge of herbal technology
    685 1  -  Pioneering S'pore firm taps into a US$60b global market By CHEN HUIFEN [SINGAPORE! A Singaporebased company has developed a breakthrough technology which could propel traditional Chinese medicine into the lucrative market space of synthetic pharmaceuticals. Herbal Science LLC, a privately-held life sciences company,
    ARTHUR LEE  -  685 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Worries over economy derail Wall St rally
      778 2  -  WALL STREET INSIGHT Fed governors befuddle with conflicting remarks over rate hikes By ANDREW MARKS in New York IT HAD looked as if a sustained bull rally was close to realisation on the New York stock market in the past four weeks, as
      AFP  -  778 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      619 2 Will property giant Far East float Reit? WILL Singapore's biggest property developer, Far East Organization, jump on the Reit bandwagon? Our pre^rtycorresporident Kalpana ismerttfor 1 Far East to set up a real estate investment trust for part of its diverse property portfolio. But Far East, which is controlled
      619 words
    • Article, Illustration
      Lock icon Fears of more losses ahead as China stocks hit 8-year low
      698 3 Worries over plans to remove overhang of govt-owned shares AFP. Bloomberg [SHANGHAI] The future of China's deeply troubled stock markets went from bad to worse last week, slumping to fresh eightyear lows as regulators' plans to solve the overhang
      AFP.; Bloomberg; REUTERS  -  698 words
    • Article
      Lock icon MARKETS DIGEST
      139 3 MARKETS Week Chge STI .2192.67 +37.97 KLSE COMP 865.88 -3.23 NIKKEI 225 *****.05 ....+107.72 HANG SENG *****.45 ....+103.67 SET INDEX 676.70 +13.22 JAKARTA COMP ...1092.50 +31.01 MANILA COMP ....2022.49 ....+147.08 TAIPEI TAIEX 6107.95 ....+116.40 SEOUL COMP 976.09 +15.18 SHENZHEN B .211.62.. -18.48 AUST ALL ORD 4149.20 +75.30 DOW
      139 words
    • Article
      Lock icon Hedge funds expected to face tighter monitoring
      550 3  -  Regulators fear hedge-fund losses will destabilise markets By NEIL BEHRMANN in London US and European central bankers are expected to take action to improve monitoring and transparency of hedge fund and investment banks' proprietary trading divisions. Discussions will take place at the Bank
      550 words
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      326 2 A W>\ /II Management Education Scale new heights with an MBA Who should embark on an MBA: JB sjr Hat idf ll i I# lli| Professionals, managers, executives and businessmen m who want to broaden their understanding of how u, f jK I fg t areas within a business inter-relate
      326 words
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      216 3 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account. mk-:,.-f> > <■■■ .&s&?*■it'L-'ln i v i ■■JxC.' IA. v sv $ksy?i%.■-: JJr "Wu*/ .'••'>• *W*> *V* Jllpffi'H k ,■>
      216 words
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      19 3 I Booster Capital Guaranteed Fund IsGDRID^igAJVOSSjjKSGDJ I Double Joy Capital Guaranteed Fund I I USD RID 23/05/05 10.00 USD
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Will property giant Far East float Rett?
      858 4  -  NEWS ANALYSIS KALPANA RASHIWALA evaluates speculations that it may be exploring a service apartment trust KALPANA RASHIWALA JUST about every major property player in town is said to be looking at setting up a real estate investment trust, or Reit. Will Singapore's biggest
      858 words
    • Article
      Lock icon Haw Par unit to buy 20% stake in HK firm
      457 4  -  It will fork out HK$162mfor 183m Hua Han shares By AMIT ROY CHOUDHURY HEALTHCARE and leisure company Haw Par Corporation's wholly-owned Haw Par Pharmaceutical Holdings will buy a one-fifth stake in the enlarged share capital of Hong Kong-listed Hua Han
      457 words
    • Article
      Lock icon SGX and its critics: Managing the gap
      748 5  -  HOCK LOCK SIEW By R SIVANITHY EVER since it was formed some five years ago, the Singapore Exchange has periodically had to face criticism. These criticisms largely have one theme in common that the exchange seems unable to properly balance its role as
      748 words
    • Article
      Lock icon Keda Comms seeks Sesdaq listing in June
      273 5  -  It plans to expand in China, strengthen R&D By LIZA LIN COMMUNICATIONS and network systems provider Keda Communications plans to seek a Sesdaq listing at the end of the month. The Suzhou firm, which lodged its preliminary prospectus with the Monetary Authority of
      273 words
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      1204 4 SATS SINGAPORE AIRPORT TERMINAL SERVICES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1770G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 32nd Annual General Meeting of the Company will be held at the Mandarin Ballroom, Level 6, South Tower, Meritus Mandarin Singapore, 333 Orchard
      1,204 words
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      289 4 JHjB& I I C I I I vHCff I H I I *j H I J| I I I ,\l||H|yJ I WsW*7w |^^H i H IHWIIB| System Access Limited (Company Registration No. *****4837E) b!Wm!w»!«1 (Incorporated in Singapore on 11 October 1983) Invitation in respect of 49,000,000 New Shares of $0.05
      289 words
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      265 5 She won her way to Juilliard. Now she's back to win your support. HTjf jM gWpl||L ar L Bfip-r# IHEs*IL j njiE v ia i Kj, >> ffrTIf 3 K^ /JH —>' At age 11, Clare Yeo won a scholarship HHMHHNfIH|H||HHHHH s P art °f er community outreach as to
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Investors must keep in mind a sceptical Wall Street
      725 6  -  STOCKS R SIVANITHY Senior Correspondent CRITICS of US President George Bush might say he's put his foot in it again when he said on Friday that the US economy is the envy of the industrialised world because of its robust expansion,
      725 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      751 6 Payment Ex Books Pay Payment Ex Book! Pay ictsl date close date Lets) date close date AberdeenUKlOp I 2 2p 11-May 16-May 15-Jun MidasHldgs4c m 0.25 07 Jul 12 Jul 25 Jul Amara Hldgs 20c b 0.30 09-Jun 14-Jun 28-Jun Noble Grp HK25c f US3.5TA 24-May 27-May 09
      751 words
    • Article
      Lock icon Yen rebounds against US$; Aussie looks upbeat
      665 6 CURRENCIES AFP [HONG KONG] The yen rebounded against the US dollar last week as the greenback eased against the euro after rallying on the French and Dutch rejection of the EU constitution. The outlook for the Australian dollar was meanwhile upbeat, partly in
      AFP  -  665 words
    • Article, Illustration
      Lock icon Oil prices surge on supply concerns
      900 6 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] Commodities prices mostly extended gains last week, with oil and coffee amongst the strongest performers for a second successive week. Raw materials were traded during a shortened week owing to public holidays in the US and Britain on Monday.
      AFP; AP  -  900 words
    • Article, Illustration
      Lock icon Untitled
      436 6 OTHER SINGAPORE INDICES Jun3 VALUE CLOSE BT OB/OS -106.00 4-40.00 BTCAPI -*****.00 +94.00 BT 10-day MA -*****.00 -10.00 All-SG Equities 560.13 -1-1.28 SG Equities Elect 136.40 -1.36 SG Equities Fin 1623.13 +3.35 SG Equities Prop 541.22 +1.21 SIMSCI 259.00 +0.26 SiMSCI Futures 258.60 +0.40 MOST ACTIVE STOCKS VOLUME Accord Customer
      436 words
    • Article, Illustration
      Lock icon Value of disposals soars to $19m
      1098 7  -  INSIDE MARKETS Notable trades last week involve Comat Industrial, Parkway, Penguin Boat and MobileOne, reports ROBERT HALILI ROBERT HALILI BUYING activity remained high while selling remained low last week. A total of 28 firms recorded 53 acquisitions versus six companies and 16 trades on
      1,098 words
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      44 6 WEEK AHEAP Shangri-La Asia's dividend dividend payment, June 9 payment, June 8 Sup Multi-Packaging dividend Trek 2000's dividend, June 8 payment, June 9 Unidux Elect's dividend, June 8 Asia Water dividend, June 10 Noble Grp'sdividend, June 9 Asiatravel.com dividend paySembawang Kimtrans's ment, June 10
      44 words
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      320 7 i iP%i^ v-r -fT Lee Kuan Yew's Language Learning Experience (With DVD and Resource Materials) For the first time, Lee Kuan Yew (Minister Mentor of Singapore) gives a first-hand j of how he has learnt Mandarin over the last 50 years and kept it alive. He also r/;*'' tells when
      320 words
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      237 7 PROGRAMME 2.00pm 2.10pm Introduction to the Raffles Bariatric Program Prof. Walter Tan Medical Director, Consultant General and Plastic Surgeon 2.10pm 2.25pm Overview of Medical Treatment for Obesity Dr. Tey Beng Hea Consultant Endocrinologist 2.25pm 3.00pm THE PAUL O'BRIEN LECTURE What is Bariatric Surgery The Role of Bariatric Surgery in Morbid
      237 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon GO FOR QUALITY
      2041 8 THIS WEEK'S TOPIC Should Singapore continue to court mainland Chinese companies to list here? Should quality standards be raised for such listings? What can be done to increase investor interest in these companies? THE question whether SGX should continue to court small Chinese companies to list here
      2,041 words
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      88 8 CTCEOse-dub Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub'is a virtual one, with interaction mainly via e-mail. Each week, we will invite comments from these top executives on various economic
      88 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Fusion Flavour
      1747 9 New concepts are what draws the palate of today's discerning diner. We check out some restaurants that offer the best of East-meets-West Memoir 21 Tanjong Pagar Road, #01-05. Tel: 6225 *****6* MEMOIR, an intimate new restaurant located along the suddenly-rejuvenated Tanjong Pagar Road, may appear to be merely
      1,747 words
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      776 9 Enjoy the Hottest Asian Feast Only with Your Most Desirable Dining Partner. HAndhra* Spice Indian Restaurant 10% off food bill with min. Kinara Restaurant Lunch 25% off food bill. Dinner 20% off food Pagi Sore Indonesian Restaurant (Halal): 15% off total bill with spend of $30 in a single receipt.
      776 words
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      16 9 DINING OUT A sponsored series on fine dining experiences brought to you by UOB Credit Card
      16 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Finian Tan's proposed Reit – the tasks ahead
      629 10  - Finian Tan's proposed Reit the tasks ahead Team thinks an independent Reit has its advantage By ARTHUR SIM IT has been about a week since venture capitalist Finian Tan announced that he is launching a real estate investment trust, or Reit. Already, the idea is creating a talking point in
      629 words
    • Article
      Lock icon Water conference in July
      103 10 SINGAPORE will host a major conference on water and wastewater next month. It is expected to be attended by 600 regional and international delegates and will discuss global challenges over water plyThe first International Water Association Asia Pacific regional group (IWA-Aspire) conference and exhibition will be
      103 words
    • Article, Illustration
      Lock icon Former CJ Wee dies of cancer
      151 10 WEE Chong Jin, Singapore's former Chief Justice, died yesterday morning from cancer, Channel News Asia reported. Mr Wee, 87, is survived by his wife, four children and grandchildren. CNA reported that he died of complications from lung and brain cancer. Mr Wee was born
      151 words
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      811 10 COD I Singapore Human Resources Institute dflucaiA OirXTVI www.shri.org.sg L 01 HRU *.{~U 9 9 TM I HJJ. •1A D A, quest IPIWV «—«»-«4 "We rank TOP in S.E. Asia in helping people earn an additional income source as a professional trainer or start their training business." CERTIFIED BY BBEChS
      811 words
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      1483 11 AN ADVERTISING FEATURE Singapore: a compelling hub for global trailers INTERNATIONAL Enterprise ate, we do so not on our companies' Hi (IE) Singapore's inaugural behalf but on behalf of the entire Sin- y—v Global Trader Summit came to gapore economic ecosystem. This is f s 'Global Trader a successful conclusion
      1,483 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Investing smart
      785 12  -  LIZA LIN gets tips on how to make your money work harder for you LIZA LIN TO Tay Han Ching, Citibank Singapore's head of investments, treasury and asset products, investing smart is no different from eating properly. 'Just as it's important to have a healthy and balanced diet
      785 words
    • Article, Illustration
      Lock icon An urge to help others in need
      765 12  -  CAMPUS LIFE NUS student Lim Yong Chin recounts his experience in Aceh and the insight he's gained. CHLOE CHOY reports CHLOE CHOY WHILE most 21-year-olds watched the aftermath of last December's tsunami tragedy unfold from the comfort of their homes, one young man
      765 words
    • Article
      Lock icon Biz Quiz Results
      236 12 THE following readers were drawn among those who scored a total of 125 points each, the highest scorers in the five-week coptest iPod mini Winners: G*****27R, *****037 D and SBBI9I7SA. Winners of $200 Raffles International F&8 vouchers and $100 Borders vouchers: *****785 Z. *****280H and *****060 H.
      236 words
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      252 12 Be smart with your finances FANCY becoming the next Warren Buffett 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 have
      252 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon What next?
      223 13 EUROPEAN CRISIS gU's options as cxxtstrtutional crisis widens Hm Aotv mat go on: Current Luxembourg presidency insists ratification *ouM conKnue: EU leadecs may decide in Brussels on June 1 &-17. No rtffmufi for renegotiation: A renegotiation unlikely. Current constitution was drawn up after three years of political wrangling.
      Source: Europa,Reuters,AFP  -  223 words
    • Article
      Lock icon London traders speculate on death of euro
      492 13 Monetary union cannot be sustained without political union, say some AFP [LONDON] Traders and dealers in London's financial markets have found a new subject for speculation: is the European Union's eurozone going to collapse after the "no" votes in referendums in France and
      AFP  -  492 words
    • Article
      Lock icon EU enlargement plans at risk
      428 13 AFP [BRUSSELS] The EU's constitution crisis risks seriously putting the brakes on its ambitious enlargement plans, amid growing public disenchantment with the bloc's whole direction, analysts say. Gone is the political momentum which produced the "big bang" expansion of May 2004 which saw the entry
      AFP  -  428 words
    • Article
      Lock icon Britain to freeze EU constitution referendum
      420 13 AFP [LONDON] Britain is expected to announce today that it will freeze a referendum on the draft European Union (EU) constitution, a relief for Prime Minister Tony Blair at home but a calculated risk for him across the Channel. Foreign Secretary Jack Straw is
      AFP  -  420 words
    • Article, Illustration
      Lock icon China says it will build up oil reserves gradually
      313 13 Bloomberg. Reuters [TAIPEI] China will build up its emergency oil stockpile gradually, lessening the impact on international energy prices as domestic energy demand soars, a senior adviser to the Chinese government said yesterday. China, the world's No 2 consumer of oil
      Bloomberg.; Reuters; AFP  -  313 words
    • Article
      Lock icon M'sian opposition elects new deputy
      265 14 AP [KUALA LUMPUR] A West-ern-educated scholar has been elected as the deputy leader of Malaysia's Islamic opposition along with a team of non-clerical officers a radical power shakeup in a party anxious to shake off its hardline, fundamentalist image, officials said yesterday. Nasharudin Mat Isa,
      AP  -  265 words
    • Article, Illustration
      Lock icon Trust, verification and the market
      604 14  -  MALAYSIA INSIGHT What's behind the plunge that wiped out RM1.8b on Bursa M'sia? S JAYASANKARAN KL Correspondent TRUST, said former president Ronald Reagan, but verify. Mr Reagan was, of course, referring to the arms cutbacks that the Soviets claimed they'd done in the 1980s but
      604 words
    • Article, Illustration
      Lock icon China underwear maker offers hope to textile workers
      428 14 The boundless pool of labour has made the country a global powerhouse Reuters [NANHUI] Ye Cao wonders what all the fuss is about as she folds freshly dyed fabric at a Shanghai factory of Three Gun, China's largest underwear maker. As one
      Reuters; AFP  -  428 words
    • Article
      Lock icon CAHB expected to announce internal revamp
      429 14  -  It may take CIMB private, form a new holding company By S JAYASANKARAN in Kuala Lumpur COMMERCE Asset Holding, or CAHB, Malaysia's sec-ond-largest banking group, is expected to announce an internal revamp today that will include taking 72 per cent subsidiary CIMB private. It
      429 words
    • Article
      Lock icon Malaysia hopes to attract more Middle Eastern tourists
      336 14 AP [KUALA LUMPUR] Malaysia hopes to lure a record number of high-spending Middle Eastern tourists this summer, offering post-mid-night shopping and a new "Arab Square" in its main city, Kuala Lumpur, an official said on Friday. At least 200,000 Arab visitors are
      AP  -  336 words
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      309 13 biecrromc Media Engage with the latest in Electronic Media Broadcastl\sia2oos The 10th International Electronic Media Technology Exhibition Conference 14-17 June 2005 Singapore Expo Elec ironic Media Join over 10,000 industry professionals for Asia's most exciting showcase of Electronic Media Technology! Get acquainted with the latest technology, establish contacts with some
      309 words
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      1402 14 SARIN TECHNOLOGIES LTD MJ lit f I (Incorporated in Israel) 1 FTr\ If f (Israel Registration No. 51 *****07) Registered Office: 4 Hahilazon Street Ramat Gan ***** Israel NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at the Executives' Club, 65 Chulia Street
      1,402 words
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  • EU CONSTITUTION
    • Article, Illustration
      Lock icon EU voters stage 'democratic intifada'
      1105 15  -  The doomed constitution reflects Europeans' fears of globalisation, says SHADA ISLAM in Brussels SHADA ISLAM DUTCH voters' crushing rejection of the European Union's first-ever constitution, three days after France's equally-re-sounding rebuff, has dealt a powerful, perhaps fatal, blow to the new treaty. Few expect the
      PHOTOS: AFP, AP  -  1,105 words
    • Article
      Lock icon Rejection of charter raises grave doubts
      655 15 AP [LONDON] The impact of the Netherlands' overwhelming rejection of the European Union (EU) constitution, following France's dramatic "no", could far exceed the fate of the single charter. The EU could shift onto a much less ambitious course, diminishing the chances the United States
      AP  -  655 words
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  • REGION
    • Article, Illustration
      Lock icon Settlement hopes lift Reliance shares
      669 16 Media reports suggest that the long-running feud might be ending AFP [NEW DELHI] Shares in India's biggest private sector firm, Reliance, have jumped as investors bet the billionaire Ambani brothers are near a deal in their long-running battle for control of the company. The share
      AFP; Source: Bloomberg  -  669 words
    • Article, Illustration
      Lock icon Beer king set to guzzle India's travel sector
      891 16 Kingfisher Airlines made its maiden flight last month IHT [NEW DELHI] Vijay Mallya strode down the aisles recently inside the spanking new red-and-white Airbus with a kingfisher painted on its tail, checking the seats and headrests, flicking buttons to test the entertainment
      IHT; AFP  -  891 words
    • Article
      Lock icon STOCKS ASIA
      3073 16 Transaction date: Jun 3 For a full listing of the closing prices, log on to BT Online at http://business-times.asia 1 .com.sg after 11.30pm every trading day HONGKONG %SgSSZ== 3 Si Esprit Holdings 53.00 -0-25 6645 Aeon Credit .4.95 -0.03 20 ExtfaweMPham. .0.18 unch 450 Aeon Stores .8.70 0.05
      3,073 words
    • Article
      Lock icon Tata Steel to build new plant to meet surging demand
      336 16 Bloomberg [MUMBAIJ Tata Steel Ltd. India's second-largest producer, plans to build a 100 billion rupee (Ss3.B billion) plant in the nation's eastern Chattisgarh state, to meet surging local demand and secure raw material supplies. The plant, which will have capacity
      Bloomberg  -  336 words
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  • REGION/WORLD
    • Article
      Lock icon Japan to push economic partnership with Asean
      572 17  -  It aims to narrow the income gap between rich and poor nations By ANTHONY ROWLEY in Tokyo JAPAN will use the upcoming East Asia Summit due to be held in Kuala Lumpur in December as an occasion to propose a new Economic Partnership
      572 words
    • Article
      Lock icon Seoul to revise laws to counter tax evasion
      235 17 Reuters [SEOUL] South Korea said yesterday it would revise laws to counter foreign and local investors who set up companies in tax havens to avoid capital gains tax. The move came as Lone Star an American buyout fund active in South Korea
      Reuters  -  235 words
    • Article, Illustration
      Lock icon Oman eyes listing for tourism project
      445 17 The US$15b Blue City is expected to create 32,000 jobs when completed Reuters [MUSCAT] Oman's biggest tourism project, the US$l5 billion Blue City, may be listed on the Gulf Arab state's stock market soon, its developers said on Saturday. "We are exploring the possibility
      Reuters; AFP  -  445 words
    • Article
      Lock icon SEC plans changes to 'quiet period' rules
      237 17 Reuters [WASHINGTON] The US Securities and Exchange Commission (SEC) plans an open meeting on June 29 to vote on rules to let companies talk more freely about public stock offerings, said sources familiar with the matter on Friday. The rules, which would largely
      Reuters  -  237 words
    • Article, Illustration
      Lock icon Small LCD manufacturers ride on electronics boom
      639 17 Makers of large displays are still reeling from slump Reuters [TAIPEI] Display screen makers that used to wax on about the potential of the big-screen television market have discovered small screens reap bigger profits. Cool multimedia mobile phones, glitzy digital cameras and portable
      Reuters; AP  -  639 words
  • Page 17 Advertisements
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      35 17 P c ioP FIffITHEONES IHMFIT! CA or J 1 Recruit the right people through The Straits Times C—| r Recnrft.CaN 1800 289 8822 or email \S I recruitfepli.com.sg to advertise. P or 1 HH3BH PI
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  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      220 17 CRYPTIC CROSSWORD dom (7) 31 Coyly decline initial offers soldier's pay (7,6) 28 A nymph in the chorus (4) for a rare dramatic work? 9 Top men in opposition (6.7) YESTERDAY'S SOLUTION (4 4,2,3) 15 Song initially sung in indicaDOU-, tion of victory (5) Across: 1 Catch one na PP
      220 words
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  • AVIATION
    • Article, Illustration
      Lock icon All Nippon may use B777s to replace 53 of its planes
      730 18 A380 likely to be bypassed in purchase that could be worth US$13b Bloomberg [TOKYO] All Nippon Airways Co, Asia's secondlargest airline by revenue, said it may use Boeing Co's 777-300ER aircraft to replace 53 of its largest planes in
      Bloomberg; BLOOMBERG  -  730 words
    • Article, Illustration
      Lock icon Airlines likely to join EU emissions trading
      414 18 EU's options to cut pollution include jet-fuel tax, landing surcharges Bloomberg [BRUSSELS] Airlines such as Air France-KLM and Deutsche Lufthansa AG will probably be added to the European Union's emis-sions-trading system rather than face a fuel tax or other charges to curb air
      Bloomberg  -  414 words
    • Article
      Lock icon SkyTeam seeking partners in S-EAsia
      175 18 Bloomberg [HONG KONG] Air FranceKLM Group, Delta Air Lines Inc and other Sky Team alliance members are looking for partners in South America and South-east Asia to expand the partnership globally, a Delta executive said. The alliance, which also includes Alitalia SpA, Aeromexico. Continental Airlines
      Bloomberg  -  175 words
    • Article, Illustration
      Lock icon Look out for hot travel deals in BT every Tuesday
      334 18 [SINGAPORE] From tomorrow, The Business Times will introduce a new weekly reader information service featuring travel deals to top business and leisure destinations. Each Tuesday in the Aviation News page, BT will highlight a "travel deal of the week", featuring
      334 words
    • Article
      Lock icon Lufthansa close to control of Swiss Air
      352 18 Reuters [FRANKFURT] German airline Lufthansa is moving closer to full control of Swiss International Air Lines after a large number of small shareholders parted with stock in the Swiss flag carrier. The German company is paying as much as 310 million euros (*****
      Reuters  -  352 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1883 18 CITY FLIGHT ETA FLIGHT (TO SK973 1900 Darwin A***** 2215 »i UQ771 me AO7882 2215 S0230 IMS 0»v»o MI58T1835 MI588 0840 <lwd»>i< SQ443 1*10 SQ442 0200 DSH S2081 0630 S2082 0900 SI I KL837 1450 SQ324 2345 ICB55 1025 SQ406 1855 "SI S!" 8S !S!S gj«
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    • Article
      Lock icon BA plane lands in Shanghai for 1st time
      245 18 AFP [LONDON] British Airways (BA) flew a passenger plane to Shanghai, China's largest city and business hub, for the first time last Thursday, marking the airline's first new long-haul service for more than two and half years. "I am delighted that we
      AFP  -  245 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Hitting pirates at source more effective: M'sia
      713 19 Stakeholders must continue to work together to prevent further attacks Bernama, AFP AFP [SINGAPORE] Malaysia yesterday suggested that countries work together to detain at source, rather than on the high seas, the pirates who prey on ships plying the Straits of Malacca. Malaysian
      Bernama, AFP; AFP  -  713 words
    • PORT SHOTS
      • Article
        Lock icon Search for Filipino crewman continues
        90 19 AFP [SINGAPORE] Singapore authorities were searching yesterday for a Filipino sailor still missing a day after the vessel he was in sank after colliding with another boat, maritime authorities said. "Throughout the night, we have been issuing notices to passing ships to keep a lookout,"
        AFP  -  90 words
      • Article
        Lock icon China mulls logistics centre in Lithuania
        93 19 AFP [VILNIUS] Chinese shipping companies are to consider opening a logistics centre in the Lithuanian Baltic Sea port of Klaipeda for freight destined for former Soviet Union countries, Chinese Deputy Communications Minister Xu Zuyuan said here last week. "We had learned a lot about
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      Lock icon Wan Hai to sell US$400m of bonds to pay for vessels
      347 19 Bloomberg [TAIPEI] Wan Hai Lines Ltd, Taiwan's third-largest shipping company by market value, plans to sell US$4OO million of bonds to pay for the delivery of 10 vessels, said John Chen, the company's finance general manager. Wan Hai plans
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      Lock icon Bunkering accreditation period ends
      476 19  -  75 bunker suppliers attain certification By DONALD URQUHART [SINGAPORE] Singapore's accreditation scheme aimed at safeguarding the $7 billion-a-year bunkering industry wound up its two-year qualifying period with 75 out of the original 94 bunker suppliers attaining certification. The Accreditation Scheme for Bunker Suppliers was launched in
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      Lock icon PSA, four S Korean firms submit bids for Busan port
      223 19 Bloomberg [SINGAPORE] PSA International. Hyundai Development and three other companies submitted bids to build four new berths at Busan as the South Korean government seeks to expand the world's fifth-busi-est port. The government will select a priority negotiator for the
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      Lock icon DAVID AND GOLIATH
      44 19 [PEENEMUENDE, Germany] A tugboat guides the cargo ship 'Marguerite A' out of the narrow waterway near Peenemuende on the Baltic Sea on Saturday. The freighter measures 184,60 metres and is the biggest vessel constructed at the Wolgast shipyard in Germany. AFP
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      Lock icon TRANSPORT STOCKS
      286 19 S6X *000 Juw 3 SS Vol CH Offshore .036 0 01 252 ChuanHup j0.74 -0.01 525 Cosco Corporation 1X3 0.05 ***** CWT Distribution .0.67 0.01 74 EzraHMgi 1.21 -0.02 101 Freight unfcs. 0.06 0.01 114 Grand Banks Yacht .0.97 unch 0 Jaya Holdings 1.05 0.01 1012 K1 Venture
      286 words
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      102 19 tt JkV > V* mm All great companies were once startups. Nominations for the «WHilB 2005 eso.startup awards 2 005 are now open Recognising Singapore's New Enterprises To be eligible, a company must: be a privately-held enterprise be under 5 years old (from date of incorporation) have a strong nexus
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    Lock icon SINGAPORE STOCKS
    10872 20 STRAITS TIMES INDEX STOCKS Stock mum Wt doM Chang* Stock name Wt data Change Stock nam* Wt Oaaa Change Allgreen 50c 0.28 1.100 Haw Par Corp 0.46 5.250 *0.100 SPH20c 4.73 4.280 -0.020 Ascendasreit 1.09 2.230 +0.040 HyfluxSc 0.43 4.020 *0 080 STEngglOc 1.73 *0 020 BILIntl U520c
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    Lock icon FINANCE & COMMODITIES
    6294 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In teul am M St k IIS! dy yr dy y* iff June 1 ln<te» Ch«nq» Chtog* Q»ngg Ownq> Qnnq* Chang* World Index Preliminary 864 8 03 14 -04 0.1 -03 -II lEAftfTeErrinw BB.1 HU 33 -03 -U OjO -33 Europe Preliminary *****
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      1297 22 ||j|j| la 1 111 Mmm jl J t NYK GROUP SOUTH ASIA PTE LTD htsm. LIME Fax!" 62K 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO KWAXU KAttHA. 170 (C/R NO: **********0E) fnuroi |I.UL)M« LN Motn Un« *65 6536*2750 CMi 1375 *****000 SENATOR LINES jtownHowiiftiwwrl
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      864 22 IHTERASIA RORO SERVICE vissa/vor ranked hbghumj mo kh la sin jkt STRAITS VENTURE 11/05 1 5 3.2 23/05 26/05 01/04 04/06 06/04 STRAITS VENTURE 12/05 15 3.2 08/06 11/06 [STRAITS VENTURE. 13/05 15 3.2 18/06 21/06 26/06 29/06 01/07 [AUSTRALIAN RORO HEVKI VBSa/VW KAWPQCT) I HBGWTPm 1 LP I SI
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      886 23 www.homburgsuj.iom Hamburc^lsud >USI SERVICE (EXPORT) eta m SINGAPORE MISBANI SYDNEY MHMURM AKUUM SWGAPOBE IBISBANI SYPNTf WUOURNI UXUX* CStl XIAMtW 0077S 10/06 20/04 22/06 25/06 71/04 00. MAMER 007W 01/07 H/07 70/07 WV WW SCOW 01IS 17/04 27/0* 7T/04 02/07 05/07 StOlttOm IVO7 7V07 77/07 30/B7 P/W CAIWIIIHtOWS 24/06 04/07 ot/m
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      1178 23 VBSa YOY SIM XT HKG KHH IMC KTH PUS VESSEI WY SIN JCT SU» HKG USM PUS HYMBDGt WS \Jk_ V 4 11/t It/4 18/4 20/4 22/4 KMTCJAKAWA SOBS 12/6 IS/6 It/6 21/6 25/ i 26/4 HYYUWOSTM ItOS 15/6 18/4 2V4 25/4 77/4 29/6 29/6 KMTC POUT KELAHG SQBS 19/6
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      850 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VKSa VOT SIX PJUAXG COtOWiO USHtVA (OtCXUO lAJiy GANDHI 0093W 30 MAY 31 MAY 03JUN OtJUH (W )UN lAT KtIDGE WWW OtJUH 07 JUH IQiUH 13 JUN ILUW PAQWQUKT 0007W I3JUN 14 JUH 17 JUH 20JI1H 23JUH
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      1090 24 IUAf WALLENIUS WILHELMSEN website: http://www.2wglobal.com VISSa "VOY RAMP WIGHT SW IK ~~MAO~ HOW ~MIA SAV Mi OKF" NYC NEW MOO TAMERLANE AFSIS 320T0m 6.4 M 11/0* 02/07 11/07 15/07 It/07 14/07 TAiKO AFSI6 4201 ms 6.4 M 10/00 20/07 24/07 21/07 2*/07 90/07 TAtONGA AFSIB 3201ns 6.25 a 20/07 12/00
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      8672 25 ..I,' ETA ETA Advtrtbw Viswl Voyag* Telephone ETA ETA Advartfear VmmI Tthpfcwt S.N D«st'n Mumtotr Number SIM Dest'n Nam* Name 18/06 11/07 Wan Ha WAN HAJ 305 E031 *****588. TO ABIDJAN (ABJ) 2003 Cote D'lvoire 22/06 30/07 NGPl TEIGNBANK SP188 *****288 14/06 09/07 Delmas
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      593 25 Guaranteed Sailing! I Service from Singapore to: I Los Angeles Keelung I Weekly Consol. Twice weekly I Mon cut-off. Consol. I 14 days transit. on Th urs cu t- 0 f f I HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPR CODE "DZ" CR NO **********0Z MARKETING
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      879 25 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3 Level, Freight Links Express Logisticentre, Singapore *****3. Tel: *****511 Fax: *****577 mHr E-mail: flesin@singnet.com.sg Website:http://www.freightlinks.net 8 LCL SERVICE TO CHINA «k ASIA CEBU DALIAN HONG KONG JAKARTA QINGDAO Ml 'SWT"CS SHANGHAI SURABAYA XINGANG XIAMEN I BEST LCL RATES TO AARHAUS ASHDOD
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  • SINGAPORE ARTS FESTIVAL
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      Lock icon Asian Arts Mart as networking hub
      462 27  -  William Boyle, CEO of Canada's Harbourfront Centre, talks to PARVATHI NAYAR about Singapore and Asian art PARVATHI NAYAR IT'S not primarily about the buying and selling of artistic productions as a commodity, but a way to network, and to lay the foundations of future
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      Lock icon Asian Arts Mart well received
      382 27  -  By SANGEETHA MADHAVAN TURNOUT for this year's Asian Arts Mart (AAM) over the weekend was good; 245 delegates from 26 countries came, a step up from 2003 numbers that were affected due to Sars. One hears that the size of the event was restricted by
      382 words
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      Lock icon Spirits visually strong but let down by content
      561 27  -  By PARVATHI NAYAR IT is an ambitious postmodern project: to revisit five notorious women from Chinese history, infamous for their power-hungry, vicious ways; to make sense of who they were beyond the hype and controversy; and to present each as a monologue
      561 words
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      Lock icon Stravinsky Dances delightful but uneven
      337 27  -  By STEPHANIE BURRIDGE SINGAPORE Dance Theatre's (SDT) Stravinsky Dances was a mixed bill. In the more successful segment, a post-holocaust clan, their clothes in tatters, emerged from the metaphoric dust like a lost tribe. Stravinsky's Rite of Spring began to build and the "tribe" responded
      337 words
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      42 27 nrrim Lianhe Zaobao I Singapore SMEs I I can seek I I opportunities I I in global I I halalfood I I market I I by leveraging I I on tabor's I I competitive I I strengths. I I I I I
      42 words
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      202 27 Announcement It is hereby announced that Singapore Asahi Solder Chemical Ind. Re Ltd has a substantial portfolio of granted Patents and pending Patent Applications directed to lead free solders and the use of lead free solders. Patents and /or Patent Applications exist in the following countries: European states (including Austria,
      202 words
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      1348 27 ■■TpHIIIHI Call toll-free 1800 289 8822 SAMSUNG TRADING PLC U. 5.550,000,000 Guaranteed Floating Rate Notes due 2005 In accordance with the terms and conditions of the Notes, the rate of interest applicable for the interest period 6 June 2005 to 5 December 2005 is 4.*****% per annum. Interest payable on
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  • BizIT
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      Lock icon Consumer camera with pro-grade features
      832 28  -  <cool stuff> Superlative low-light capability takes FujiFilm's new consumer-grade camera into high-end territory, says GEOFFREY PEREIRA GEOFFREY PEREIRA COMPARING performance specifications has so far been an easy way to distinguish between expensive, professional-type cameras such as single-lens reflex (SLR) and cheaper consumer-type point-and-shoot (PS) devices.
      832 words
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      Lock icon Hackers stole Israeli defence data: police
      239 28 AP [JERUSALEM] Hackers who broke into the computers of some of Israel's biggest industrial corporations also stole highly sensitive defence data, a senior police investigator said on Friday. The investigator, Nir Nateev of the police cybercrime unit, declined to give details. The Israeli daily
      AP  -  239 words
    • <what's new>
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        Lock icon New all-in-one printer from Brother
        98 28 BROTHER has released its multi-function jfl laser targeted at small offices offices (SoHo). The MFC-7220 can print and copy in monochrome at up to 20 pages per minute, and comes with an automatic document feeder that can handle up to 20 sheets. It can also
        98 words
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        Lock icon Broadband router from Aztech
        80 28 HOMEGROWN Aztech Systems has released its V3OOATA Voice over Internet Protocol (VoIP) broadband router, which connects to any analogue phone to enable users with a broadband connection to make VoIP calls. The $139 router is bundled with 60 minutes of free calls on Global Village's Internet
        80 words
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        Lock icon High-performance ink from Epson
        93 28 EPSON has released its eight-colour Ultra Chrome K3 ink set which it claims improves the quality of both colour and black-and-white prints. Currently used only in its $4,199 Epson Stylus Pro printer, the Ultra Chrome K3 ink set features three shades of blacks black, light black
        93 words
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        Lock icon Long-lasting Philips
        117 28 TIRED of carrying a phone charger with you on business trips? The Philips Xenium 9@9c might just be what you need. Boasting a talk time of 8.5 hours and a standby time of a month, the triband clamshell phone is claimed to last about 14 days on a
        117 words
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        Lock icon Updated Linux Moto
        119 28 MOTOROLA has updated its Linux-based multimedia-focused smartphone, the E6BO. The latest E6Boi features a 240x320 touchscreen and is capable of MPEG4 video recording and playback. Big on music-related features, the E6Boi also comes with Real Player, and will support a wide variety of digital audio formats, including
        119 words
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        Lock icon Sony Ericsson's first 2-megapixel phone
        113 28  -  Compiled by ROLAND LIM SONY Ericsson has announced the availability of its K7soi, its first 2-megapixel imaging j( phone, from June 9. Its strong imaging features include 4x digital zoom, red-eye reduction, and autofocus. It is also compatible with the Sony Ericsson Phone Flash MXE-60,
        113 words
    • Article
      Lock icon Apple to switch to Intel chips in '06
      527 28 Reuters [SAN FRANCISCO] Apple Computer Inc plans to announce today that it will switch to using Intel Corp's microprocessors and phase out its current chip supplier, International Business Machines Corp, CNET News.com reported late on Friday. The technology news website said that
      Reuters  -  527 words
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      Lock icon Japan's NHJ sets up regional HQ here
      539 29  -  CEO cites Singapore's central location, excellent infrastructure By ROLAND LIM TOKYO-BASED NHJ Limited, better known within Japan for its "Che-ez!" digital imaging devices, has pushed its range of digital consumer electronic devices beyond those shores and set up its regional headquarters in Singapore.
      539 words
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      Lock icon Cisco announces new SSL VPN product
      617 29  -  By AMIT ROY CHOUDHURY WHILE Cisco Systems already has a significant share of the network security market, it has been late in entering one of the fast-est-growing areas the secure sockets layer (SSL) segment of the virtual private network (VPN) market. But its latest
      617 words
    • <what's up>
      • Article
        Lock icon MobiApps wins M-E deal
        53 29 SINGAPORE-BASED tracking solutions provider MobiApps said Al-Futtaim Technologies, a Middle East IT solutions provider, is ting its m-Track solution. m-Track will provide Al-Futtaim with the ability to track its logistics fleet in real-time. The solution uses Global Positioning System (GPS) and General Packet Radio Service (GPRS)
        53 words
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        Lock icon IT award for youths
        87 29 NOMINATIONS for the IT Youth Award 2006 is now open. Organised by the Singapore Computer Society and supported by the Infocomm Development Authority of Singapore (IDA) and the Ministry of Education, the award recognises youths aged 25 years and below who have used information technology to
        87 words
      • Article
        Lock icon Making websites accessible
        87 29 DESIGN A. FA, an organisation that aims to make electronic content more accessible to the disabled, together with the Disabled People's Association, will hold the "Vision Singapore 2005-2006" seminar on June 8. To be held at the Spinelli Coffee at Harbour Front, the seminar aims to create
        87 words
      • Article
        Lock icon Avaya names new VP
        43 29  -  Compiled by ROLAND LIM COMMUNICATIONS solutions provider Avaya has announced the appointment of Anandh Maistry as its Asia-Pacific vice-president for business development. Based in Singapore, he will be responsible for driving strategic partnerships and business initiatives in the region.
        43 words
    • Article
      Lock icon Bluetooth wireless technology starts to show some bite
      456 29 Reuters [TAIPEI] After a decade of empty chatter, the short-range wireless technology known as Bluetooth is finally getting some bite. Many of the niche vendors at this year's Computex, the world's second largest computer show, were displaying Bluetooth named after a Danish
      Reuters  -  456 words
    • Article
      Lock icon Uphill battle for portable video in mobile market
      430 29 Reuters [TAIPEI] Taiwan's hardware firms happily cashed in on the boom in digital music players created by Apple Computer Inc's iPod, but what seems the next logical step portable video may be an idea ahead of its time. Analysts say it is
      Reuters  -  430 words
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      Lock icon PC Show pulls in $18m in sales
      365 30  -  By ROLAND LIM Published and printed by Singapore Press Holdings Lim:ted, 2 Jurong Port Road. Singapore *****8 Co. Regn No *****2868E DESPITE the absence of some major vendors, PC Show 2005 generated $18 million in sales, 20 per cent more than last year's
      Published and printed by Singapore Press Holdings Lim:ted, 2 Jurong Port Road. Singapore 619088 Co. Regn No 198402868E  -  365 words
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      Lock icon NEC Solutions on a hiring spree in Asia
      560 30  -  BT exclusive The Asean arm of the Japanese giant wants to boost headcount from 750 to 1,000 in the region by March next year, the company's CEO tells RAJU CHELLAM RAJU CHELLAM Singapore-based NEC Solutions AsiaPacific (NECSAP), a wholly-owned subsidiary of Japanese
      560 words
    • Article
      Lock icon How the Sino-Japan spat could hurt global IT
      411 30  -  By RAJU CHELLAM THE recent spats between China and Japan may hurt the global IT industry if a political solution is not found to resolve the disputes, according to a new report from US-based research house Gartner Inc. However, infocomm companies should
      411 words
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      Lock icon S'pore digital camera sales set to hit 500,000 units this year
      499 30  -  By AMIT ROY CHOUDHURY ABOUT half a million digital still cameras are expected to be sold in Singapore this year and a significant percentage of these are likely to be bought by tourists visiting Singapore, according to a research
      499 words
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      217 28 fe&gt;. «^l V" V J—M .Mi^f jH HT hOBU|H| wi,h Adobe* Acrobat* 7.0 business secrets will only fall into the right hands. Complete ease of mind never felt this good. advanced security capabilities will now be a breeze. Raising the bar on document security, Adobe* Acrobat* 7.0 Trusted communications and
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      154 29 The power to connect with your customers The Cisco® IP Communications solutions are a comprehensive set of products that help businesses meet today's voice and data communications challenges. Cisco IP Communications solutions can extend significant overall ben- efits to the business as well, dramatically improving operational efficiencies, increasing organizational productivity,
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