The Business Times, 5 July 2005

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Total Pages: 30
1 30 The Business Times
  • 14 1 THE BUSINESS TIMES siN&S?|sa^ at http://biisiness-times.asia 1 .com.sg MICA (P) 089/03/2005 Tuesday July 5.2005
    14 words
  • 584 1  -  Physical and derivatives volume dived 35% in first half, second half outlook weak By RONNIE LIM [SINGAPORE] Oil traders in Singapore the world's third largest trading hub after New York and London have not had a happy first half. Business volume physical and paper,
    584 words
  • 132 1 STI 2,221.16 (+11.21) ST INDEX FUTURES 2,224.00 (+12.00) SIMSO 264.73 (+1.06) SIMSO FUTURES 265.20 (+0.80) MARKETS Monday Change KLSE COMP 898,69 +4.67 NIKKEI 225 11,651.55 +21.42 HANG SENG *****.87 -23.19 SET INDEX 669.78 -5.72 JAKARTA COMP 1,138.88 -0.11 MANILA COMP 1,815.67 -79.58 SEOULCOMP 1021.71 +3.69 SHENZHEN B 213.25
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  • 740 1  -  By JOYCE KOH [SINGAPORE] Tomorrow will bring joy for some and heartbreak for others. After years of planning and campaigning, the race to host the 2012 Summer Olympic Games will end in a single moment in Singapore. The world will be tuned in
    ST PHOTOS  -  740 words
  • Page 1 Advertisements
    • 52 1 B fcjtjfc NEW TIE-UP J mSy? D'Original Satay founder in talks with -Jr otah maker PG2 PROPERTY •V; i, II ..nfin.. ..1., X 1-' MAucfoii sales ofbig home sites on the rise pg 30 :v." .11 I I II Bugis $foom J Ipaljpß &&-V pg 30 'V V ~s v
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    • 41 1 SHIPPING Malacca Strait risk premiums set to skyrocket PGI9 8 HI 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
      41 words
    • 22 1 BT Deal Of The Week HHH Exclusive Business Class airfares: Jakarta for $417 on Garuda pg 18 HI 3 vi&*v IN®\*o 1
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    • 16 1 SMALL CAPS China's Keda set to take on big names in telecoms products sector re 13
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  • TOP STORIES
    • 488 2  -  Lim Luan Seng Foods explores possibility of tie-up to make satay By WEE LI-EN [SINGAPORE] Following a failed attempt to revive the Satay Club in the Esplanade area, the founders of D'Original Satay Club may find a new lease of life through
      CHRIS LOH  -  488 words
    • 425 2  -  By WEE LI-EN [SINGAPORE] The relaxation of visa restrictions for travel between India and Singapore under the newly signed economic agreement will go a long way towards facilitating the flow of investment and talent between the two countries, business executives said. Predeep Menon,
      425 words
    • 660 2 Bloomberg [NEW DELHI] Sabre Capital Worldwide, founded by former Standard Chartered chief executive Rana Talwar, is teaming up with Temasek Holdings to raise up to US$5 billion to invest in India. The partners will this week for a licence from India's market regulator
      Bloomberg  -  660 words
    • 545 2  -  By CHEN HUIFEN [SINGAPORE] After a short revival in May, the demand for electronics has shrunk again last month, dragging down the purchasing managers index (PMI) by half a point to 50.5. The headline figure is not far off from a median
      545 words
    • 749 2 Local IPO underwriters losing ground to foreign rivals LOCAL underwriting stalwarts Westcomb Capital, United Overseas Bank and OCBC Bank have lost significant ground to foreign entrants like CLSA and ÜBS. And at the rate these foreign houses are gobbling up market share, top underwriter DBS Group must surely
      749 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 164 3 GaIAI^'T'I cllCXl The Lincoln Modern M 'M-. :&k jk. ***> JttMHf" r^' -*dl p. Wk uJj pi I ik I J| 1H l "v-' 'IT if. tI f f r ..ifll Kmc. -1 Conferred the Royal Institute of British Architects (RIBA) Worldwide Award 2005, honouring the world's best architecture and
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  • COMPANY NEWS
    • 796 4  -  HOCK LOCK SIEW By R SIVANITHY HERE'S an interesting observation about the initial public offer (IPO) market that few may know. According to data compiled by Bloomberg, local underwriting stalwarts Westcomb Capital, \JOB, and OCBC have lost significant ground to not just foreign entrants
      796 words
    • 426 4 UOB will cut its stake to no more than 10% by July 2006 BANKER Wee Cho Yaw and his family have tightened their grip on United Overseas Land (UOL) following the distribution of the property company's shares held by United Overseas Bank (UOB). UOL,
      426 words
    • 227 4 UNITED Overseas Bank (UOB), together with one of Singapore's most famous artists Goh Beng Kwan, yesterday opened Journeys Revisited a retrospective exhibition of Mr Goh's work over the past five decades. Opened to a 200-strong crowd of art enthusiasts ranging from bank custom-
      227 words
    • COMPANY BRIEFS
      • 87 4 ST Engg bags l)S$1 Om deals SINGAPORE Technologies Engineering has received further orders of US$lO million to build multimedia classrooms in Kazakhstan, bringing the total worth of contracts it has received in the country to US$3O million. The contracts were awarded to Kaz-ST Engineering Bastau (JLSTEB), ST Engineering's joint venture
        87 words
      • 40 4 MICHAEL Ow will be retiring early as president of Meritus Hotels Resorts, said Overseas Union Enterprise which owns 100 per cent of the Meritus group. Mr Ow's last day of service will be Sept 30.
        40 words
      • 76 4 SHAREHOLDERS of Medi-Flex have, in an EGM yesterday, approved an agreement for the company's wholly-owned subsidiary Flexitech Sdn Bhd to get biomass heat supply for its plant in Selangor, Malaysia, from Greenview Properties. Medi-Flex, which makes latex and nitrile cleanroom disposable gloves, expects to achieve
        76 words
      • 143 4 CITY Development's New Zealand-listed unit CDL Hotels New Zealand has increased its shareholding in its property arm CDL Investments New Zealand in a dividend reinvestment plan. CDL Investments NZ last Wednesday allotted and issued some 9 million new ordinary shares at a strike price of NZ$O.32
        143 words
    • 162 4 Bloomberg TEMASEK Holdings Pte Ltd, Singapore's investment company, agreed to buy US$l billion of stock in China Construction Bank's initial public offering, the second investment by a foreign company in the bank in a month. Temasek will also buy an undisclosed stake
      Bloomberg  -  162 words
    • 358 6  -  Group beats 5 other bidders in collective sale tender By KALPANA RASHIWALA FRESH from selling Park Mall last week, listed developer Wing Tai Holdings announced yesterday that it is buying Phoenix Mansion in Cairnhill Road for $57.9 million or $716 per square
      358 words
    • 300 6  -  OIL GAS Shares hit all-time high of 83 cents on full order book By MINDY TAN LABROY Shipbuilding and Engineering, the whollyowned subsidiary of Labroy Marine, yesterday signed a $169 million contract with an undisclosed party, its largest to date, for what
      300 words
    • 235 6 OIL exploration company Pearl Energy announced yesterday that it had abandoned an exploration well in the Gulf of Thailand after digging to 2,594 m without finding any significant deposits of hydrocarbons. The Chang Daeng 3 well was the final commitment under the current
      235 words
    • 517 7  -  TELECOMS Its former partner Telekom M'sia set to make new bid for Idea Cellular stake By PAULINE NG in Kuala Lumpur DESPITE a failed attempt at buying into India's Idea Cellular, Singapore Technologies Telemedia remains interested in the big Indian telecoms market. ST
      517 words
    • 393 7  -  Offer comes with 2Mbps Internet leased line package By AMIT ROY CHOUDHURY STARTING today, Star Hub will offer free Internet bandwidth to businesses subscribing to the company's 2 mega bit per second (Mbps) Internet leased line package. According to Star Hub, this
      393 words
    • 240 7  -  By WEE LI-EN -BTELECOM International Holdings has signed an agreement with China's Huawei Technologies for the nationwide rights to distribute Huawei-manu-factured Internet Protocol Television (IPTV) set-top boxes in China until July 2006 but has nevertheless issued a profits warning. BTelecom is a SGX
      240 words
  • Page 4 Advertisements
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    • 34 4 P y FIND THE ONES THAT FITICX o P Recruit the right people through The Straits Times Recruit L—]~ Call 1800 289 8822 or email recruittsph.com.sg to advertise. -n 5i pispum bCi b Lsaam
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  • Page 6 Advertisements
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 506 8  -  STOCKS Oil and gas laggards come back into play as turnover remains low R SIVANITHY Senior Correspondent THE Jardine group consistently supported the Straits Times Index throughout its rise to new five-year highs last month and, despite a quiet, generally illiquid session yesterday, it
      Source: Bloomberg  -  506 words
    • TRADES TO WATCH
      • 384 8 BEST World International's substantial shareholder Goh Bak Heng has sold more shares. Last Friday, he disposed of two million shares by way of a married deal, cutting his direct stake in the company from 10.498 per cent to 9.164 per cent. The
        384 words
      • 145 8  -  Compiled by NANDE KHIN LINAIR Technologies' non-executive chairman and independent director Law Chwee Kiat has boosted his stake in the provider of environment control exhaust systems. He bought 200,000 shares on the open market yesterday, increasing his stake in Linair from 0.116 per cent to
        145 words
    • Article, Illustration
      425 8 OTHER SINGAPORE INDICES Jul 4 VALUE CLOSE BT OB/OS -7.00 +164.00 BTCADI -*****.00 +20.00 BT 10-day MA -*****.00 -1.00 All-SG Equities 570.21 +2.54 SG Equities Elect 137.81 +0.72 SG Equities Fin 1555.63 +4.72 SG Equities Prop 572.03 +4.90 SIMSCI 264.73 +1.06 SiMSCI Futures 265.20 +0.80 MOST ACTIVE STOCKS VOLUME CSCHIdqsIc
      425 words
    • Article, Illustration
      846 8  -  Compiled by R SIVANiTHY Meiban July 4 dose: 63.5 cents KIM ENG SECURITIES. July 1 WE are reiterating our "buy" recommendation on Meiban. Share price has come off by 21 per cent since management indicated programme delays with its major customers. The decline in share price has greater than
      Source: Bloomberg  -  846 words
    • 530 8  -  CURRENCIES LARRY WEE Senior Correspondent A HUGE improvement in US manufacturing sector sentiment last month again propelled the US dollar to impressive new highs in pre-week-end trading last Friday, and forced it even higher against some counterparts yesterday. The greenback exploded almost one per cent
      Source: Reuters  -  530 words

  • Page 9 Advertisements
    • 182 9 Carrefour (f&% -4. at 5-20 July at Plaza Singapura Atrium J ;g |T V v SPfitT B fff V« mai£i& fl CHATEAU PHILIPPE CABERNET #V| flßi CABERNET GRANGE NEUVE CABERN^ 0 Newj |M^^Sra FrV>CC 9 FranCe MOSCATO FOLONARI ANTINORICWVIETO MM PROSECCO VINO DEZZANIBARBERA I $16«o^| —gHBHHi* Am Ist hour parking
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  • SINGAPORE NEWS
    • 533 10  -  Gartner says much of the growth to come from public sector By RAJU CHELLAM [SINGAPORE] For the first time, spending on infotech services in Singapore will cross a threshold level of US$2 billion this year, up a good 6 per cent
      FILE PHOTO  -  533 words
    • 275 10  -  By RONNIE LIM TUAS Power the third largest generating company here has appointed former NOL veteran Lim How Teck as non-executive chairman. The move comes as gencos here gird up for the next phase of competition in the power industry, when the
      275 words
    • 155 10 Bloomberg SINGAPORE will release an advance estimate of the economy's performance in the second quarter on Judy 11 at Bam. the Ministry of Trade and Industry said in a statement yesterday. The estimate for the quarter ended June 30 is largely based on
      Bloomberg  -  155 words
    • 440 10  -  By CHEN HUIFEN SINGAPORE biotech start-up Cellßesearch Corp has discovered a new source of stem cells in the outer lining of the umbilical cord, which can yield several hundred times more cells than traditional sources like cord blood and bone marrow. "Although a
      LIANHE ZAOBAO  -  440 words
    • 325 10  -  By AMIT ROY CHOUDHURY SINGAPORE Network Information Centre (SGNIC), a subsidiary of the Infocomm Development Authority of Singapore (IDA), is now offering, as a part of a sixmonth trial, Chinese or Tamil ".sg" domain names for individuals as well as organisations. These domain names
      325 words
  • Page 10 Advertisements
    • 270 10 wiWi y^ e Saod r my Wall-capitalized management '3«a •> Multi-unit development Jlplyi r Good/mar Retail experience a plus 7 a w I )i hit- 1111» .i r«l (>4 I (t > I Ik'IC l<> Willi", (line <uul c* 111 c I" I *11 ll... i u.I..., 0 -m/, I
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    • 78 10 ~"BT What eould whet your appetite more than well known dishes from Szechuan, China? Whether you love their famous sizzling Hot and Sour soup, Wok-fried Prawns with f)ried Chilli or drunken Chicken in Chinese Wine, there is something for everyone in our ala earte buffet menu. This promotion starts in
      78 words
    • 104 10 MERITUS MANDARIN SINGAPORE ™"W«! EXECUTIVE LUNCH JHHH Join us for the newly launched Executive Set on Relish the panoramic view of Singapore you dine on authentic cuisine from Southern France 73m high above the fashionable Orchard Road topped by gourmet offerings v? and dedicated service by 3 Frenchmen team and
      104 words

  • SMEspotlight
    • 698 11  -  Starting out with a narrow focus, SMEs tend to be at a loss with respect to their future direction. NANDE KHIN finds out how companies can turn things around NANDE KHIN MANY small and medi-um-sized enterprises (SMEs) tend to lose their business direction
      AFP, FILE PHOTO  -  698 words
    • 469 11  -  Free trade pacts spell good news for S'pore companies. We highlight two of them that benefited from such agreements. By CHLOE CHOY THE inking of the Singapore-Austra-lia Free Trade Agreement (Safta) in 2003 has made available a variety of concessions to businesses of both countries.
      469 words
    • 417 11  -  By LISA TAN GN Packaging now has more overseas customers, especially since free trade agreements (FTAs) that Singapore signed with several countries allowed it to offer goods at lower prices. "Before the FTA, the import tax in America was 4 per cent and now it
      417 words
    • 721 12  -  Any expansion calls for a company to review its resources and allocate them realistically. KEOY SOO EARN outlines strategies for growth KEOY SOO EARN WHILE the older generation of entrepreneurs built their businesses one step at a time, the new generation of entrepreneurs is more
      AFP  -  721 words
    • 868 12  -  By MINDY TAN PONZ Goo has much to be proud of. The 33-year-old is chief executive officer (CEO) of home-grown Haach, a company that despite its youth, has quickly emerged one of the leading players in the spa and body care industry. Founded in 1997,
      FILE PHOTO  -  868 words
    • 843 13  -  SMALL CAPS Keda Communications is set to take on big names in the telecoms products sector, says WEE LI-EN WEE LI-EN CHINESE company Keda Communications has come a long way in a short time. It started in 1995 as a stateowned enterprise producing telephone switchboards and
      843 words
    • 367 13  -  By TEH HOOI LING GAINS in just a handful of stocks helped lift the value of our small-cap portfolio marginally by 0.2 per cent. The portfolio's performance matched that of the UOB Sesdaq Index, but trailed the continued forward march of the Straits Times Index by half
      367 words
  • Page 11 Advertisements

  • Page 12 Advertisements
    • 324 12 A TOV TOv MkaMmd Group Presents 1-day Seminar on Life Cycle Management ISO ***** (Covers RoHS WEEE Directives as well as Quality Management System on ($*****1) Date 22nd July 2005 (One day Seminar) Time 9.00 a.m. to 5.00 p.m. Venue Theatrette, PSB Corporation 1 Science Park Drive, Level 1 Singapore
      324 words
    • 38 12 CONGRATULATIONS to Singapore India on the signing of the landmark Comprehensive Economic Cooperation Agreement rang mahal haute indian cuisine 1 sut prist ugly indian Pan Pacific Singapore t: +65 6333 1788 Singapore Indoor Stadium www.rangmahal.com.sg 65 6345 4466
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  • Page 13 Advertisements
    • 33 13 shambala.co.th V^ IN 'jf ;#W vHEflH>^ 8 July 2005 (Fri) 6:30-8:30 pm Singapore Hilton, Thailand Room 5/F Selling Agent RSVP: HHBH HOME T 9824 8520 M ■warranty ISsMel (programs p 6836 2668 eMII
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    • 284 13 B£r 12 ■X YURS I I I II PROUDLY PRESENTS THE r OPTIONS COURSE The Secret to High-Profit Low-Risk Trading Strategies At this unique FREE SEMINAR, you will learn I Harvard-educated hedge fund manager nOW it IS pOSSIDIe to* George Fontanills is an H Trade on the USA Major World
      284 words

  • ECONOMY WATCH
    • 541 14 But industry could see consolidation as big inflows drive down charges Bloomberg. Reuters [LONDON] The fast growing hedge fund industry is likely to double its assets over five years but also could see consolidation as big inflows drive down charges,
      Bloomberg.; Reuters  -  541 words
    • 249 14 Reuters. Bloomberg [BElJlNG] Annual growth of China's fixed-asset investment may slow to between 20 and 25 per cent in the second half as the government maintains tightening measures, the Economic Daily said yesterday, citing an official forecast. "Relevant government departments are unlikely to relax
      Reuters.; Bloomberg  -  249 words
    • 348 14 Reuters [EDINBURGH] Leaders of a small group of major industrialised democracies have met every year since 1975 to discuss big issues facing the planet, but this week's Group of Eight summit in Scotland promises to be a bit different. The
      Reuters; REUTERS  -  348 words
    • 4560 14 UNIT TRUSTS FUNDS CitiGlobal Healthcare fund 0.97/ CM Gt> Fin Siva Fund Crti US Aggressive Growth Fund 0.84/ ,b P n nanc/ S B Sel Gfc Bus Ldre Ptfl Q3(SGD) 1.1184/ -tL *"T?iS S 8 SH G4) Bus LdR Ptfl 03(150) 1.1677/ Hft Citibond S'pore Class Y 0.98/ V™ "J
      4,560 words
  • Page 14 Advertisements

  • MALAYSIA/INDONESIA
    • 538 15  -  Republic was 2nd biggest investor last year, with RM1.5b poured in By PAULINE NG in Kuala Lumpur SINGAPORE was Malaysia's second largest foreign investor last year, accounting for RMI.S billion (***** million) of the country's total foreign investments of RM13.1 billion. Not surprisingly,
      538 words
    • 272 15 Reuters [KUALA LUMPUR] Malaysia's state investment arm Khazanah Nasional Bhd said yesterday it has opened talks ahead of expected negotiations to buy at least 25 per cent of Indonesian mid-sized lender PT Bank Lippo Tbk. Khazanah makes strategic investments on behalf of
      Reuters  -  272 words
    • 502 15  -  By PAULINE NG in Kuala Lumpur MALAYSIA'S automotive tariffs would likely be kept at 20 per cent when the government makes its announcement on auto taxes in September, Minister of International Trade Industry Rafidah Aziz has indicated. Given that Malaysia
      AFP  -  502 words
  • Page 15 Advertisements
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      60 words

  • GREATER CHINA/INDIA
    • 849 16 Size and suddenness of Sinopec's offer lead to speculation about its motive Reuters [SINGAPORE] Giant refiner Sinopec's offer to sell millions of barrels of crude was as much a ploy to depress global prices as a bid to shift surplus oil,
      Reuters  -  849 words
    • 338 16 Reuters [SINGAPORE] US investment bank JPMorgan Chase Co said yesterday it believes China's top deci-sion-makers have already approved in principle plans to revalue the yuan but the timing is still uncertain. The bank, in a media presentation on its outlook for Asia,
      Reuters  -  338 words
    • 2300 16 vol General Corp -0.01 99 M( RM *1- C000) Genting 19.60 0.50 1440 George Kent .0.60 0.01 48 ASM Realty 1.43 0.01 26 GHLSystems .Oil -0.01 194 Abric .0.35 -0.01 29 GtobetronksUch .0.42 unch 607 ACP Industries -0.7® -0.01 3 GlomacBhd 1.26 unch 240 Advance Synergy .0.27 0.01
      2,300 words
    • 609 16 [HONG KONG] Stanley Ho, the Asian gambling tycoon, has disowned his younger sister as a four-year rift in one of Hong Kong's most prominent families deepens, reports the Financial Times. The siblings, 83 and 82, have been locked in a bitter power struggle
      APP,DAILY  -  609 words
    • 346 16 [MUMBAI] Anil Ambani has turned to Bollywood for his first acquisition since hostilities with brother Mukesh led to the break-up of their family-controlled telecoms-to-energy Reliance group, reported the Financial Times. He has agreed to take control of Mumbai-based Adlabs Films for 3.6 billion
      346 words
    • NOTE BOOK
      • 104 16 Reuters [BANGKOK] A Thai court gave China's Citic Resources the go-ahead yesterday to pursue its bid for debt-laden Thai Petrochemicals Industry (TPI), dealing a blow to government efforts to restructure the nation's largest corporate defaulter. The Central Bankruptcy Court said Citic, which has
        Reuters  -  104 words
      • 73 16 AFP [YANGON] Myanmar's military junta may be readying to move part of its administration outside the capital to somewhere "safer", analysts and diplomats here say. Pyinmana could become the "escape city" for top leaders, military commanders and some ministers, they said. Some suggested that the
        AFP  -  73 words
      • 66 16 Bloomberg [HONG KONG] Hutchison Telecommunications International Ltd, a cell-phone company controlled by Hong Kong billionaire Li Ka-shing, said it has sold a 3.4 per cent stake in its Indian unit to a partner for US$6l million. The company sold the stake in Hutchison Max Telecom Ltd
        Bloomberg  -  66 words

  • ASIA-PACIFIC/WORLD
    • 595 17 Poll cheating and graft allegations may be weakening her support base Reuters [MANILA] Legal threats to President Gloria Macapagal Arroyo's economic reforms hit the Philippine peso and stocks yesterday as allegations of election cheating and corruption appeared to be eroding some
      Reuters; AP  -  595 words
    • WORLD WATCH
      • 123 17 Bloomberg [LONDON] Vodafone Group, the world's largest mobile-phone company, is taking advantage of banking competition to slash its borrowing costs with 4.67 billion euro (559.4 billion) credit line. The company will pay four basis points, or 0.04 percentage point, as a fee to maintain the funds,
        Bloomberg  -  123 words
      • 103 17 AFP [SYDNEY] US media mogul Rupert Murdochs' News Ltd yesterday launched a free afternoon newspaper in Sydney the first new daily paper for the city in decades. The first edition of mAwas distributed in the central business district after 3pm. The colour tabloid covering news,
        AFP  -  103 words
      • 97 17 AFP [ROME] Italy yesterday angrily reiterated it had no prior knowledge of the ClA's abduction of a Muslim cleric in Milan in 2003, rejecting assertions by a former CIA agent in a newspaper interview that Italy's secret service chief had personally consented to the operation.
        AFP  -  97 words
      • 99 17 Reuters [BANGKOK] US Secretary of State Condoleezza Rice will visit tsunami-hit parts of Thailand next week, officials said yesterday, fuelling speculation she will snub a major security meeting in the region later in the month. Ms Rice is due to arrive in Phuket on Sunday and
        Reuters  -  99 words
      • 93 17 NYT [SAN FRANCISCO] Microsoft's efforts to extricate itself from anti-trust disputes received another setback when the founder of the Go Corp, a maker of a portable computer operating system in the *****, filed suit in federal and state courts last Wednesday. The lawsuits, which accuse Microsoft
        NYT  -  93 words
    • 343 17 Reuters [AMSTERDAM] Global sales growth of semiconductors slowed in May, but the industry is still in positive territory as demand for cell phones and personal computers remains healthy, a survey showed yesterday. Revenues rose 4.1 per cent to US$lB.O5 billion, compared with May
      Reuters  -  343 words
    • 442 17 Reuters [SEOUL] South Korea has cut this year's target for economic growth to around 4 per cent from the previous 5 per cent due to a slow recovery in demand at home and increased risks from abroad, the finance ministry
      Reuters  -  442 words
    • 367 17 They fear Opec may not be able to raise output in case of supply disruptions Bloomberg Reuters [NEW YORK] Oil traders are increasingly betting that prices may increase to US$BO a barrel this year. Investors are speculating that the Organisation
      Bloomberg; Reuters  -  367 words
  • Page 17 Advertisements
    • 835 17 r BIIMT WIRELESS J TECHNOLOGY LIMITED NOTICE IS HEREBY GIVEN that the Annual General Meeting of Giant Wireless Technology Limited will be held at Sir Stamford 11, Level t. Grand Hyatt Singapore, 10 Scotts Road, Singapore *****1 on Thursday, July 28, 2005 at 4.30 p.m., to transact the following business:
      835 words

  • AVIATION
    • 715 18 Not all airlines raise fuel surcharge; budget carriers see consolidation AFP [SINGAPORE] Asian travellers face costlier air tickets after oil breached US$6O a barrel, but the impact on demand should be limited amid rapid growth in nofrills travel, industry analysts said.
      AFP; AP  -  715 words
    • 220 18 Bloomberg [LONDON] British Airways pic (BA), the third-largest European airline, said its net assets will be cut by almost half under new accounting rules as the company moves a shortfall in its retirement plan onto the balance sheet. The
      Bloomberg  -  220 words
    • 409 18 [SINGAPORE] The head of Air Asia, the region's most successful discount airline, is forecasting a wave of consolidation in the fastgrowing sector as rising fuel prices and firmer aircraft leasing rates put pressure on new entrants, reports the Financial Times. Tony Fernandes, chief executive
      409 words
    • 267 18 AFP [SEOUL] Korean Air pilots staged a go-slow yesterday, driving planes at half-speed to and from runways to back their demand for better working conditions, airport officials said. They said the pilots halved their speeds on taxiways at the country's two main airports
      AFP  -  267 words
    • 628 18 an win WA bwt tn> p I AMaM* atoh 2jis ba 6® all :il§ 5 v< m 111 "%1 |Ijj|TT jjjj agf sfr |f jp c ra —h|| l|iflj gj| G iosl ms Mann I 1045 W13 1505 I$4Q4 Ig2i HatYai 7*139 2130 TR138 1750 si
      628 words
  • Page 18 Advertisements
    • 169 18 11 1 1)1 nn I'l |<I' i lit mmit iMHiI'HII t(» 1 1 l" I I'm WMM if Il' i«m »>■ Mlil'lNl'li I l it'WMMWWMMMMWWMWaWW———■ BT Deal of the Week Exclusive Business Class Airfares with ZUJI I AIRFARE J HOTEL WEATHER Jakarta $417 $189 4% Garuda Intercontinental Mid Plaza Jakarta
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  • Page 18 Miscellaneous
    • 291 18 CRYPTIC CROSSWORD chess Northern city (9) I I I I I I I I I I I 8 May perhaps take thirty-one 11 In hut, sting macho type into a row Slaver who brought out Afri- LJ can WM 16 Stay in Scotland, and propose ■ZBBDLa*Oa Continental dairy product (4)
      291 words

  • SHIPPING
    • 656 19  -  Lloyds committee places waterway under high risk of war, terrorism By DONALD URQUHART [SINGAPORE] Dramatically higher insurance costs could soon be in store for the 50,000 ships annually transiting the Malacca Strait after the vital waterway was declared a war and terrorism risk
      REUTERS  -  656 words
    • 468 19 Reuters [LONDON] Exxon Mobil Corp is transporting oil to Asia aboard older, singlehulled supertankers shunned by other major oil companies, industry sources said on Friday. The world's largest listed oil company has regularly chartered ageing oil tankers, built in the late 1980s, to save
      Reuters  -  468 words
    • 291 19 SGX '000 Jul 4 SS Vol CH Offshore 0J7 0.01 560 ChuanHup 0.78 unch 384 Cosco Corporation 1.97 0.05 4029 CWT Distribution 0.67 unch 0 Ezra Hldgs 1.22 0.01 321 Freight Links 0.08 unch 539 Grand Banks Yacht 0.97 unch 6 Jaya Holdings 1.09 -0.01 188 K1 Venture
      291 words
    • 457 19 Bloomberg [LONDON] The cost of shipping commodities such as coal and iron ore dropped to a 21-month low as China slowed shipments of the ore used to make steel, increasing the number of vessels available in the so-called spot market. The
      Bloomberg  -  457 words
  • Page 19 Advertisements
    • 397 19 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF SML PRIVATE LIMITED (Registration No. *****0292H) (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of the memberi of the abovenamed company duly convened and held at 133 New Bridge Rood #25-03/08 Chinatown
      397 words
    • 2292 19 WILLAS-ARRAY™ WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Willas-Array Electronics (Holdings) Limited ("the Company") will be held on July 28, 2005 at 10:00 a.m. at Amber Room, Level Two, Sheraton Towers Singapore, ThirtyNine Scotts Road,
      2,292 words

  • EDITORIAL & OPINION
    • 535 20 EDITORIAL GIVEN that almost all recent opinion polls suggest that most Americans don t think it was worth going to war in Iraq, US President George W Bush clearly had a uphill task in trying to rally voters when he made his speech last week on
      535 words
    • 1195 20  -  Political bickering and protests will hold Arroyo's fiscal reforms hostage AL R DIZON MANILA is heating up once again as it while the cut and democracy moves the country into yet another gridlock. The target: Gloria Arroyo, president of the Philippines. In an exclusive
      1,195 words
    • 764 20  -  THE BOTTOM LINE MATTHEW LYNN Bloomberg IN law, there is a statute of limitations that disregards some offences after a certain time period. Maybe the financial markets should adopt the same principle for Europe's telecommunications giants. No other group of companies made so
      Bloomberg  -  764 words
    • 882 21  -  Singapore well-placed to draw Indian company listings, but still faces competition from international exchanges By BENOY PHILIP ONE of the areas that the Singapore-India Comprehensive Economic Cooperation Agreement would offer immense potential is in Singapore emerging as a destination for Indian companies to raise funds.
      BLOOMBERG FILE PHOTO  -  882 words
    • 361 21  -  By BENOY PHILIP INDIA'S capital market has come a long way since it was hit by scandals during the 90s that eroded investor confidence. The Securitfes Exchange Board of India (Sebi), the capital market regulator, imposed a series of measures to revaftip and
      361 words
    • 506 21  -  LETTERS TO THE EDITOR Chua Soon Hock Asia Genesis Asset Management Pte Ltd ASIAN central banks currently hold about US$2.7 trillion of foreign reserves. Japan, China, including Hong Kong and Taiwan, hold in total nearly US$2 trillion while South Korea, India and Singapore each
      506 words
    • 448 21  -  Narayana Narayana Singapore THE issues brought up in "PwC report said to have cost CAO $lm-ssm" (BT, Jun 30) compel me to write again. With due respect to your writer, the wide gap between $1 million and $5 million which "the PwC report
      448 words
    • 138 21  -  Denis Distant, Singapore I REFER to the road closure and traffic diversions from Jul 2 costing $4 million, which is to be spent on rerouting traffic in the Somerset/Grange Rd/ Orchard Link area aimed at giving motorists a smoother ride. In
      138 words


  • 10088 22 SGX MAINBOARD S2-Mfk T4 Last Vol Day Last Quote GrOtv Dtv GrYM Nat MCap High Low Coda Company Sate fOOO) Wgh Low jjg Mar Cvr WE sU 11 3 5716 1st Software 5t 3.5 3.5 4 14.2 34.5 13.5 3148 8TelecomUS2c 14.5 -1 4209 15 14 13.5 14.5
    10,088 words

  • 5838 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES fci tecal an tm Si muss dy yr djr yr 6/ %yt <uM fcidtn Ownf OMay Chang* Owna« Change Onng« imWMiMiiBI 875.4 |> 2.7 03 1.7 -01 -|< »EAFEPitiminary B2&7 06 7j0 -02 03 -04 -U F mope Preliminary ***** 04 09 M
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  • Page 24 Advertisements
    • 1229 24 I jjjjjjjjjjfl I I t{(f(|||f)yl 1 KtiS mtf Iml Irl J I 1 51 gfff |y- -%M V Vr > NYK GROUP SOUTH ASIA PTE LTD C 5 jyrVV tP>j rjgy K TEL *****123 1= jJJ" J™}" 1 LINE Fax:6292 2856(Regionalsales)/6239 7109(OPS)/*****785(Documentation) NIPPON YUSEN KAISHA TOKYO lIWAKU ICABHA, LTO (C/R
      1,229 words
    • 791 24 IINTERASIA RORO SERVKE VBsa/yor mwwkd hbghtmu to not m I si I jct I STRAITS VENTURE 13/05 IS 3J 22/04 23/06 21/04 02/07 04/07 STUITSVIKTUK 14/05 15 3.2 04/07 08/07 14/07 17/07 19/07 STRAITS VEWnirE S/05 IS 12 22/07 24/07 »/07 31/07 02/06 [AUSTRALIAN KOHO SftVKl Vtssa/VOT KWQtD HBGHTjH)I Id
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  • Page 25 Advertisements
    • 1440 25 www.hanibufflsud.com H AUSE SERVICE (EXPORT) J» JB SINGAPORE BRISBANE SYDNEY MEUOUBNE ADELAIDE SINGAPORE MISIAMI STOUT MIiKXHWI AOtmM CSCUIAMEN POMS tH/07 H/07 20/07 23/07 it/07 CSa XIAMEN OWTS 05/ M 15/01 17/01 M/M n/M SCOTU 019S 15/07 25/07 27/07 30/07 02/01 SCOTIA 020S 12/01 22/01 24/01 27/01 3(1/01 CA) YUN HE
      1,440 words
    • 1060 25 JESa JLJL PGU HCM HKG- KYH PUS VESSEL VOY Th PK6 CAft SAMTIACQ JM2IL JUL PERTH BRIDGE 083 A ~WT 2/7 GOLDEN GATE 510H 19/7 20/7 22/7 HEW DYNAMIC 090 A 7/7 9/7 I GOLDEN TRADE IsiON Ik/1 I 77/7 I M/ 7 1 NEW DYNAMIC 091 A 21JT 23/7
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    • 938 25 WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO AIL NORTHERN AND WESTERN ICD POINTS vessei vor 1 sin |p.mANc|cou)MBo|N.SHEVA Icotowo PACIFICfIum MOW um _IMU ??M kmi 111 JOLKUft TfWW -2LIUI 2LIIIL ?;JUL QiAue MAUG IHDIUGANDHI 0095W OUUG 02AUG 05AUG 08 AUG II AUG ALSO ACCEPTING FQ TO COCH* TUTKORM (VU COUMWO)
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 7517 26 yfflg?!!lKflH?l;rai;Taaf^«l^BMIff.>i,!iHWl.!.fflflPTni!TIETg^ ETA ETA Advertiser Vessel Voyage Telephone ETA ETA A*NrtbW VesrtI Veyy Telsphawe SIN Dest'n Name Name Number Mr SIN D«t n Name Name *m+m Numb* 17/07 10/08 Hanjin YUEHE I27W *****055 I To ABIDJAN (ABJ) 2003 Cote D'l voire 17/07 10/08 Senator I
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  • Page 26 Advertisements
    • 705 26 U&Jlf WALLENIUS WILHELMSEN website: http://www.2wglobal.com VESSEI VOT RAMP HEIGHT SW IK ~MAO~ HOW IMA SAV Ml ~0»T~ NYC ~NEW 108 TARONGA AfSIS 320TMS 6.25 M 22/07 12/08 21/08 26/06 31/08 29/01 I TAMPERE AFSI9 4001 MS 6.30 M 26/07 20/01 29/08 02/0* 07/09 05/09 AIYONA AJSO6 601 MS SJM 05/01
      705 words
    • 418 26 vasa voy sw pcu vor sm jkt PACOAMDA 1506 M 05/07 05/07 9305 03/07 05/07 CSf 2301 0142P 05/07 04/07 jgBU PAC OAMDA 1507N 06/07 07/07 Of 2301 OMJf 07/07 09/07 PAC OANPA ISOM o|/07 M/07_ 111 II PAC OAMPA M 0?/0Z 10/97 groi 5S S/07 Of 2301 0144P 10/07
      418 words
    • 406 26 BSA MYANMA nR FIVE STAR UNI (MywMrar National Lne) Loading for Yoijh VESSEL VOY SIN PKI PEN PGU PAGAN 341W SID PAGAN J49W 13/07 IN MALAYSIA: IOUSTIAD SHIPPING AGENCIES KUL/PKL 03-300 SI 301 PEN: 04-*****15 ACCEPTING CONVENTIOMAL CGO VESSa VOY HUG SM PGU PU KUC NAPHI 109 SID SID SID
      406 words


  • PROPERTY
    • 736 28 Experts warn that fear among homebuyers may result in a self-fulfilling prophecy Reuters [NEW YORK] A barrage of news stories and warnings from US officials about possible housing bubbles may in fact become self-fulfilling prophecies, some industry experts and psychologists contend. US housing
      Reuters; BLOOMBERG  -  736 words
    • 263 28 US$1b waterfront project in Manama among investments Bloomberg [JAKARTA] Arcapita Bank BSC, a Bahrain-based investment bank, said it plans to provide as much as US$l.3 billion in funding for real estate projects such as residential homes and condominiums in Bahrain. The financing will include US$3OO
      Bloomberg  -  263 words
    • 351 29 Higher interest rates drag on market although y-o-y figures rise Reuters [HONG KONG] The number of property transactions in Hong Kong fell nearly 15 per cent in June from May as •higher interest rates began to cool one of Asia's hottest property markets,
      Reuters; AFP  -  351 words
    • 254 29 Fans can also bypass waiting list for season tickets ARSENAL football fans will now be able to buy properties right next to the English club'S new stadium in London, and have a chance to see their favourite stars up close. UK property developer Galliard Homes
      254 words
    • 628 30  -  By ARTHUR SIM BUGIS will get a new $100 million urban entertainment centre that its architects are already calling the "baby IR" after Singapore's planned integrated resorts. The site next to Bugis MRT on Victoria Street was awarded to Jack Investment by the Urban
      628 words
    • 533 30  -  $32.6m worth of deals done in first half year, reports KALPANA RASHIWALA KALPANA RASHIWALA INVESTORS, small developers and even individuals looking for big plots of land to build their dream homes on are increasingly turning to auctions to buy sites with redevelopment potential.
      Source: Colliers International  -  533 words
  • Page 28 Advertisements
    • 2936 28 2yQ^^^^Qjjj^^^TDadvMtis^^^ol^reeiM^B9M22^bßail^oticM«siALCMksg fdp ALANTAC TECHNOLOGY LTD. (Company Registration No. *****1749E) ,4 f»Vli. A (Incorporated in the Republic of Singapore with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Alantac Technology Ltd ("the Company") will be held at 511 Yishun Industrial Park A, Singapore *****8 on Friday, 22
      2,936 words
    • 652 28 Notices (Company Registration Number: *****1686N) TRANSMARCO TRANSMARCO LIMITED (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Orchid Room, Level 2 River View Hotel 382 Havelock Road, Singapore *****9 on Thursday, 21 July 2005 at 10.00 a.m.
      652 words
    • 407 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STIRLING BRIDGE HOLDINGS PTE LTD Reg No. *****5453 M (In Membori Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Place des Bergues 3 Case Postale
      407 words
    • 442 28 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) PURSUANT TO SECTION 290(1Kb) At a General Meeting of SUMIKIN BUSSAN INTERNATIONAL PTE LTD duly convened and held al I Shenlon Way #21-04 Singapore *****3 on 27 June 2005, the following resolutions set out below were duly passed SPECIAL RESOLUTIONS a)
      442 words

  • Page 29 Advertisements
    • 107 29 rn\ FOR RENT fit SPRINGLEAF yj[|| TOWER Bj|| 1 Linked to Tanjong Pagar MRT Newly Fitted-out SOHO (Small BliUfefi Office Home Office) units BjllwlS Penthouse Levels 34-37 Sizes from 1,0875f to 1,3355f CBRE 6 Battery Rood #32-01 SinQapor© *****9 cb richard ellis FACTORY IN LOYANG VICINITY FOR SALE Prime detached
      107 words
    • 49 29 PRIME COMMERCIAL SPACE THE OCTAGON. 6049 sq ft, freehold, high floor SUNTEC TOWER I 2195 sq ft, 99 yrs. Above #35, tenanted THONG TECK BUILDING 2465 sq ft, freehold, 3 adjoining units STORE SHOPPING CENTRE 8648 sq ft, 99 yrs, 16 units For more information, please call 9688 9668
      49 words
    • 121 29 1 Robin Road Land 15,069 sq ft a •PR 2.1,24 storeys rip* SmtSSTM**** 100% Owners' b Mt.timah rd To -3? Consensus S22"*' Freeho,t| I iff/ B „ST 'NMrSCGS. imZZf JO «S (Barker) RGS tRr" Closing on: Rafltes GUrt*' lb Sac Sch Orchard Rd 02 Ang '05 (TUt), 3pm choonfah@credo.com.sg tndy@credo.com.sg
      121 words
    • 1385 29 Real Estate Valuations and Advisory More than just Assessing Values The recent publicity on cash back deals for HDB flats and differences in the valuations obtained from different valuers have put the valuation practice in the spotlight. This article discusses the role and responsibilities of the valuer, and examines best
      1,385 words

  • Page 30 Advertisements
    • 332 30 I y I Prime Freehold l"Q tagore drive I I Industrial Site yfTT? I* Site area 8608.8 sq m fe/ X T *G° 2003 MP: 'Business 1' 2.0/ up to 4 storeys /i/ jL/ I Regular corner plot with dual frontage iSH. aSST j Suitable for liaht industry, warehouse use
      332 words
    • 295 30 i I m' i *r<T i J**?*.* > v n n I Freehold 36-storey* I I M Tang Plan/ J I Mamotl Hotel I Condominium Site Orchard Road -o jj». m AST Nge./J^ N3 fe w. One of the larqest freehold residential Orchard Station H££ A u L J d
      295 words