The Business Times, 11 July 2005
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2005-07-11
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The Business Times
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Title Section15 2005-07-11 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Monday, July 11,200515 words
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725 2005-07-11 1 JOYCE KOH - Valuair not ruling out ventures with other partners By JOYCE KOH [SINGAPORE] Jetstar Asia yesterday said it has called off talks with Valuair less than two weeks after news broke that the two were exploring ways on how they can work725 words
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Article, Illustration561 2005-07-11 1 And SIA CEO says aviation industry must consolidate as soaring oil prices hit profits Bloomberg, AP, AFP [SINGAPORE] The Singapore government toould be "very happy" to cut its 57 per cent stake in Singapore Airlines, Transport Minister Yeo Cheow Tong said yesterday.Bloomberg,; AP,; AFP; FILE PHOTO - 561 words
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Article135 2005-07-11 1 MARKETS Week Chge STI .2215.99 +6.04 KLSE COMP 903.61 +9.59 NIKKEI 225 *****.99 -64.14 HANG SENG *****.47 -213.40 SET INDEX 643.31 -26.47 JAKARTA COMP ...1110.56 -28.43 MANILA COMP ....1876.28 -18.97 TAIPEI TAIEX 6201.40 -70.74 SEOUL COMP 1021.95 +3.93 SHENZHEN B 207.04 -7.65 AUSTALLORD 4193.80 -30.30 DOW JONES *****.14....+145.70135 words
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Page 1 Advertisements
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Advertisement13 2005-07-11 1 HOCK LOCK SIEW MimM OCBC should use UOB JV Mj jH 8 HI13 words
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Advertisement40 2005-07-11 1 BATTLE FOR VANTAGE CEO Kea makes all-cash offer pg 5 iiPK. Jb— A WIN-WIN DEAL CEOs on what businesses stand to gain from the landmark Singapore-India CECA VIEWS FROM THE TOP, PG 10 EMC Consulting sets up.Asia-Pacific branch pg 3040 words
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Advertisement227 2005-07-11 1 CORPORATE TRANSPARENCY Sinpil holds steady at No 3 in latest Cn update pg 6 At Rabobank, we see opportunities in With more than €475 billion in assets, we are in the TFood Agribusiness sector beyond a P° sition t0 offer y° u the solidit y and securit y of rural227 words
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Advertisement7 2005-07-11 1 What's on promotional menus this month PGI27 words
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TOP STORIES
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Article726 2005-07-11 2 ANDREW MARKS - WALL STREET INSIGHT Investors focus on earnings, economic data, after brushing off terror strikes, oil spike By ANDREW MARKS in New York AFTER a week in which the financial markets were challenged but emerged unbowed by the terrorist attack in London, the US stock726 words
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553 2005-07-11 2 JEAN CHUA - S'pore must do this to stay attractive in the wake of China's, India's rise By JEAN CHUA in NEW YORK SINGAPORE has to adjust to the new global economic situation as China and increasingly India becomes a power to be reckoned with, and553 words
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Article, Illustration91 2005-07-11 2 [SINGAPORE] OCBC's Sng Seow Wah (centre) takes time off on Friday to serve up freshly opened durians to the bank's SME clients at a 'durian party'. The fruit's treacherous thorns did not seem to bother Mr Sng, OCBC's head of enterprise banking, in the least —he handledARTHUR LEE - 91 words
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516 2005-07-11 2 RONNIE LIM - By RONNIE LIM A FINAL decision on a massive underground oil and petrochemical storage complex at Jurong Island estimated to cost $760 million is now expected "in a few months". Potential customers such as oil traders, and refineries and petrochemical plants516 words
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Article411 2005-07-11 2 OCBC should use UOB strategy on Robinson WITH exactly one year left for OCBC Bank to pare down its interest in retailer Robinson to no more than 10 per cent from about 23 per cent currently, what options can the bank pursue? It could consider adopting the strategy411 words
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Page 2 Advertisements
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Advertisement44 2005-07-11 2 How Freshly brewed coffee at a simple touch on an interactive touch-display panel. Equipped with the innovative Saeco Brewing System, Saeco's stylish and elegant automatic Wr# espresso machines ensure high performance. lU 4 Available at leading stores J;. VAX Apptancet Pte Ltd 6455 000544 words
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Page 3 Advertisements
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Advertisement459 2005-07-11 3 > v.. r| t f f ?P mmm, N. 1 sty* i B P (lir r m m C 4 ..J-* ;v x V* v r J; > v•« '.-v.: 'J-''l <"'. 'H .'4 t THE GRASS Pelepas FREE ZONE offers land and customs formalities are required for all ready-built459 words
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SINGAPORE MARKETS
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Article541 2005-07-11 4 Payment Ex looks Pay Payment Ex looks Pay fcal date tlose Sjatt fcS) date close date_ Adv Integrated Mfg 2.5c w 0.35 14-Jul 19-Jul 03-Aug Roly Intl USIOc F 0.7TA 31-Aug 05-Sep 13-Sep AustralandPG dd A1.7 28-Jun OT-jul 03-Aug RSH Ltd 10c f 1.00 04-Aug 10-Aug 19-Aug AustralandPG541 words
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359 2005-07-11 4 STOCKS AFP VOLATILE oil prices and security jitters following deadly bomb attacks in London are expected to weigh down trading sentiment this week at the Singapore Exchange, dealers said. Concerns over economic growth in the second half of the year areAFP - 359 words
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Article, Illustration741 2005-07-11 4 COMMODITIES: WEEKLY ROUNDUP AFP [LONDON] Commodities prices endured a roller-coaster ride last week after bombs ripped through London's transport network, killing more than 50 people and fuelling concerns about the strength of global growth. Oil prices hit fresh record high points above US$62 per barrel asAFP; REUTERS - 741 words
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Article, Illustration1812 2005-07-11 4 Consensus No.of Forecast Mean Fri's Consensus No.of Forecast Mean Frfs recommendation esti- EPS K target prke recommendation esti- EPS PE target price Company name Thiswk Last mth mates (cents) (ratio) price Company name This wk Lastmth mates (cents) (ratio) price Allgreen Properties 2.92 2.92 12 721 15.82 1.231,812 words
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Article416 2005-07-11 4 CURRENCIES AFP [HONG KONG] Asian currencies weakened against the US dollar last week, mainly on strong US economic data, with little fallout from the deadly terror attacks in London. The Philippines peso meanwhile edged closer to record lows against the US currency, battered by the strongAFP - 416 words
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COMPANY NEWS
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Article, Illustration646 2005-07-11 5 JOYCE KOH - Chief executive's all-cash bid of 22 cents a share values firm at $57.3m By JOYCE KOH THE tussle for Vantage Corp has been thrown wide open again with a fresh offer made yesterday by none other than the company's chief executive Kea Kim Kah.FILE PHOTO - 646 words
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703 2005-07-11 5 KALPANA RASHIWALA - HOCK LOCK SIEW By KALPANA RASHIWALA WITH the Great Singapore Sale going on and Robinson offering attractive bargains to shoppers, some corporate market watchers are wondering what its biggest shareholder, OCBC group, is going to do about divesting its stake in the listed703 words
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853 2005-07-11 6 PENELOPE PHOON-COHEN, GRAHAM OWENS - 117 companies announce results with A-REIT, SMRT joining top 10 By PENELOPE PHOON-COHEN, GRAHAM OWENS THE Business Times Corporate Transparency Index (CTI) 2005, supported by ACCA Singapore, has been updated for its second installment of the year. A number of853 words
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Article, Illustration836 2005-07-11 6 TEH HOOI LING - TEH HOOI LING Senior Correspondent m222dwpZl» nSa Ireiji 7SpJel!sjfk sal*oS cndhiofyof v IHftfii N» ■*>!■-ASA(l»iilH aitf fcrrjf GHHtllMtm>«lD(ki<dM&46otol» parifafc. lb* infer friar ftlte IpvAfeD K«(&ai ufakfcpifiß 10 pvanthHiMk. TKpgW"—li W tfitodi wOfc JOJJQfI lUD m mm fMOUI 4 coakftaAof iMtDcOiw adbvawtarindalAgm aal IMtod food. Tlw wwd jrtnw836 words
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1174 2005-07-11 7 ROBERT HALILI - Buy/sell ratio of 2.5 for number of companies and 4.5 for number of transactions well above 1.7 historical average, says ROBERT HALILI ROBERT HALILI BUYERS were dominant last week based on filings with the exchange from July 4 to 8. A total of 27 firms1,174 words
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574 2005-07-11 7 YEN SREENIVASAN - And London bombs impact seen as modest, short-lived By YEN SREENIVASAN SINGAPORE Airlines will recover an additional $350 million of its fuel costs from an impending increase in its fuel surcharge, analysts said, adding that the impact of the London bomb blasts574 words
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Page 5 Advertisements
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Advertisement970 2005-07-11 5 LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2094H) Registered Office: 190 MacPherson Road #07-08, Wisma Gulab, Singapore *****8 NOTICE OF TWENTY-SEVENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Twenty-Seventh Annual General Meeting of the Company will be held at 190 MacPherson Road #09-00, VK's Club,970 words
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Advertisement83 2005-07-11 5 Expect the unexpected with our Executive Suite Getaway Take advantage of gourmet international buffet breakfasts, stunning views of the Chao Phraya River, round-trip airport transfers and legendary Asian hospitality. All from just USs3lo++ per night* from now until the 31st October, 2005. What better way to mix business with pleasure?83 words
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Page 6 Advertisements
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Advertisement132 2005-07-11 6 >^Byj'*y^-'^'''§^n IprKl 11 »"I'jm Zr/ i fel S *V" j" A <l '~jP* jj2**-vi~«t 1 h I j'T•>*•''? ■*•li' f* Isfßn .#< *»r? v- J Bittpyfti iWHnI fjyH yx)K*i 1i i trii Jn II JI jfjt&ksi&' pHH MliU 111.1,|XiMiiiaiiMiiiJ; 'fii^HHl^l fflgHto tfj %1| Ip: I H»jl f r 4*^^£~^S£S /-I.|j|xM132 words
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Page 7 Advertisements
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Advertisement118 2005-07-11 7 A few words about the people behind the first E-passport system in Asia Pacific. The first E-passport system in Asia Pacific under the ICAO (International Civil Aviation Organization) standard is in operation. This was accomplished by NEC's world-class biometric security solutions which incorporate state-of-the-art identification technologies of fingerprint recognition. As118 words
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6326 2005-07-11 8 Penelope Phoon-Cohen; Graham Owens - By Penelope Phoon-Cohen and Graham Owens j COMMRY TEM CWTCIfr CONTEXT 2WV WHI CMS Br mm I J' J 1 j QianHu Corporation Ltd Dec2004 54 40 94 88 j 6 2 j Raffles Holdings lid Dec 2004 55 35 90 82 86,326 words
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Advertisement101 2005-07-11 9 CORPORATE INVESTMENT BANKING ASSET MANAGEMENT Air. r c/. i/. Advised > Structured > Financed > Transacted. JET A HONr, KONG Empowered. INDIA l INDONESIA JAPAN MALAYSIA Ty 5 if rf i rf| AUR,T us NEW ZEALAND TAfWAN THAILAND Our capability to deliver the entire spectrum of global financial products and101 words
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VIEWS FROM THE TOP
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Article, Illustration1864 2005-07-11 10 THIS WEEK'S TOPIC What benefits do you see coming out of CECA? What should businesses do to gain from this landmark pact? CECA signing is a landmark for both countries. For India, it is the first and indicates a clear signal to the outside world that the1,864 words
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Page 10 Advertisements
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Advertisement68 2005-07-11 10 BTCEOse-dub Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in ah 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 various68 words
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Advertisement21 2005-07-11 10 HAVE YOUR SAY What do you think of the opinions expressed in these pages? Share your views by writing to bttetterGsph.com.sg21 words
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SINGAPORE NEWS
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Article, Illustration349 2005-07-11 11 [SINGAPORE] Women can now get liposuction, botox, eyelid surgery and even hair removal services at the KK Women's and Children's Hospital (KKH), following the opening of a new centre within the hospital compound. Called the Aesthetic, Reconstructive and Breast Centre, the new facility isST/Albert Sim KK - 349 words
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Article347 2005-07-11 11 DATE/ TIME EVENT VENUE 11 Jul 50th Anniversary Convoca- Nanyang Auditorium, 9.30am tion NTU 11 Jul Iseas seminar followed by a Iseas Seminar Room II, 10.00am book launch of "Parlia- 30 Heng Mui Keng ments and Political Change Terrace, Pasir Panjang in Asia" 11 Jul EAI Seminar on347 words
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431 2005-07-11 11 CHLOE CHOY - They urge MTI to grant exclusive movie rights for nine months By CHLOE CHOY A FILM industry group has urged the government to grant licensed distributors exclusive movie rights for nine months, industry sources told BT. BT understands that this and other proposals were431 words
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Page 11 Advertisements
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Advertisement383 2005-07-11 11 ■"MM St. .sh 1M wMEfa.. eraHHfegfcaMlJp M k. Q: What is "Global Wealth Structuring" (GWS)? >4 It is planning how to hold your assets to preserve, protect and ultimately transfer the value of your life's achievements to the people and causes you care for. GWS helps clients understand potential tax383 words
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DINING OUT
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Article, Illustration1475 2005-07-11 12 We check out the latest promotions at some restaurants around town Tastes of Rajasthan at Rang Mahal Level 3, Pan Pacific Singapore. 7 Raffles Boulevard. Tel: 6333-1788 From July 14-21. Buffet lunch features live cooking stations from noon to 2.30pm, $35+++ per person. Dinner is a1,475 words
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Page 12 Advertisements
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Advertisement109 2005-07-11 12 (Congratulate ft CBRE ||j R ECOLAB BEN FOODS (<s\ PTF LTD CB R,CHARD ELLIS EcolabPteLtd (AsuVsS of OAF Ltd) CHANTO DESIGN PTE LTD Clexpert Singapore Pte Ltd V-J-Ls* <3S> MELTIQjIE A l/zlei mmpm lh. Indochin Investment Pte Ltd I Foodßex Global Pte Ltd Fukushima International Singapore Pte Ltd Imei (Exim)109 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration856 2005-07-11 13 MINDY TAN cuts through the jargon and gives you the lowdown EVER found yourself in the situation where you need cash but are too afraid to deal with the foreign souncfing loans Today, we look into loan packages offered by banks and de-mystify them to find856 words
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Article, Illustration588 2005-07-11 13 KELVIN SAM - CAMPUS LIFE Patricia Huang does her part in raising community exposure to the arts, reports KELVIN SAM KELVIN SAM ment each time her parents brought her to a musical. The Singapore Management University graduate recalls drumming her fingers on the edge of her seat588 words
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132 2005-07-11 13 SMU website STAGFIT is a university theatre club that has come of age. Started in 2002 with a performance "of a stu-dent-written musical Whispers in the Dark, Stageit has grown from strength to strength on the public stage. In 2003, the club staged its acclaimedSMU website - 132 words
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Page 13 Advertisements
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Advertisement253 2005-07-11 13 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 T ertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we253 words
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ECONOMY WATCH
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Article, Illustration621 2005-07-11 14 Fight on climate change and poverty in Africa hinges on Putin's agenda for next summit: analysts AFP [GLENEAGLES, Scotland] Some might grumble, but the Gleneagles summit of the world's most powerful leaders produced more than most if not all previous G-8 conclaves, politicalAFP; REUTERS - 621 words
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256 2005-07-11 14 Given trajectory, it'll surpass Bush's initial 2% target Reuters [CALGARY. Canada] The US budget deficit is shrinking faster than expected because of high tax revenues, US Treasury Secretary John Snow said on Friday. "It's pretty clear now that the pathReuters - 256 words
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Article, Illustration529 2005-07-11 14 Reuters [WASHINGTON] The White House may want to look at the business community in its quest for someone to succeed Alan Greenspan at the Federal Reserve, but analysts say it should take care not to shake market confidence. Cesar Conda, a formerReuters - 529 words
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368 2005-07-11 14 Reuters [AIX-EN-PROVENCE, France] Europe must ditch inflexible labour laws and promote innovation if it wants to avoid losing skilled jobs to China in coming years, company executives said this weekend. Long a source of cheap unskilled workers for Western firms, China isReuters - 368 words
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Article518 2005-07-11 14 [LONDON] A tripartite committee consisting of officials from the Treasury, the Bank of England and the chief City watchdog, the Financial Services Authority, considered shutting down the City after the bomb attacks in central London on Thursday, the Observer reported. Members of the secretive committee,518 words
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Page 14 Advertisements
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Advertisement239 2005-07-11 14 All You Need To Know About Medical Insurance The cost of medical care is soaring difficult to manage. What should WmrnrnA jR '6 6. '*-1 rnedical needs at our FREE Seminar conducted by Mr Tan Kin Lian, CEO Get answers to questions like: How will changes in Medishield affect me?239 words
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MALAYSIA/INDONESIA
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Article, Illustration643 2005-07-11 15 PAULINE NG - MALAYSIA INSIGHT Authorities' latitude beggars belief PAULINE NG KL Correspondent SOME Malaysians I know who are planning to visit London soon have no intention of cancelling their flights despite last week's bomb attacks in the city, which left at least 50 dead and some 700643 words
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196 2005-07-11 15 Xinhua [JAKARTA] The United States has agreed to add eight categories of products to its scheme for reduced import duties on Indonesian goods entering the US market as part of its overall efforts to help tsunamiaffected countries, the Indonesian Ministry of Trade says.Xinhua - 196 words
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Article, Illustration421 2005-07-11 15 Current high price of oil has not prompted it to revise forecast yet Reuters [KUALA LUMPUR] Malaysia will for now stick to its economic growth forecast of 5-6 per cent for the current year despite a spike in crude oil prices, the central bankReuters; AFP FILE PHOTO - 421 words
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Advertisement436 2005-07-11 15 O U U U U UUUUUUUUUUUUUU U U U U U U U U U U U U U U M LJ U U ****************************************0000 ****************************************0000 Organised by the Tripartite Committee on Work-Life Strategy fj J |_J LJ 0 l_l O 0 O OOOOOUDI I O O U O U436 words
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GREATER CHINA
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505 2005-07-11 16 Asian allies' access to Unocal's gas supplies, exploration technology are key issues: analysts Reuters [WASHINGTON] The US government panel that would review a bid by China's CNOOC Ltd to buy Unocal Corp would likely examine US allies' access to Unocal's Asian gas suppliesReuters - 505 words
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Article, Illustration547 2005-07-11 16 AFP, Bloomberg [BEIJING] US Secretary of State Condoleezza Rice said yesterday the United States views China's economic growth as "a good thing", but urged Beijing to play by global trade rules and respect intellectual property rights. "The Chinese economy is bigAFP,; Bloomberg; AP - 547 words
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189 2005-07-11 16 Reuters [SHANGHAI] Microsoft Corp has agreed to invest US$25 million in a little-known distributor of Computer parts in Hong Kong and China, the company said. Microsoft entered into a memorandum of understanding frith Lang Chao International Ltd to make the investment inReuters - 189 words
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454 2005-07-11 16 Reuters [NEW YORK] Only two Chinese companies have gone public so far this year to list their shares in the United States. Last year, 10 IPOs from China, with a combined value of U553.93 billion were listed in the US, according to dataReuters - 454 words
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353 2005-07-11 16 Reuters [HONG KONG] Goldman Sachs is eyeing a substantial equity investment in China's largest lender, the Industrial and Commercial Bank of China (ICBC), a local newspaper reported on Saturday. The US investment bank, which teamed up with German financial firm Allianz AG, hasReuters - 353 words
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Page 16 Advertisements
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Advertisement323 2005-07-11 16 xv/ I I. Ill- /V V; i55WBI I i 11 rs Id!) ,U(1 r.,//<U\(y <)<)80 Where to wine, dine and entertain... />/,. m 11 ti H 1 I CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. > 1 Notices! Wine323 words
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Advertisement67 2005-07-11 16 MERITUS MANDARIN SINGAPORE PWfittG MOD JtmVAC 1-31 fait3oo9 Buffet Lunch: 121)0 noon to 4:30 pm Weekdays $24.80* (Adult) 15.80* (Child) Weekends $26.80* (Adult) fVveZZaiUng $16.80* (Child) -Sir Reservations: 6831 6286/88 'Prices are subject lo 10% servkx charge and prevailing government taxes MlStus MANDARIN t*ti< A division of Overseas Union Enterprise67 words
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INDIA
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592 2005-07-11 17 They ask Sonia Gandhi to intervene in navratna companies issue Bloomberg [NEW DELHI] India's communist parties, whose support is key to the government's survival, said a dispute with the administration over asset sales would be settled, following a meeting between theBloomberg - 592 words
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Article, Illustration238 2005-07-11 17 This is part of trend of higher salaries for top India execs [MUMBAI] The Ambani brothers almost doubled their pay packets in the financial year ended March 31, the Business Standard newspaper said. Mukesh and Anil Ambani got 217.2 million rupees (SsB.s million) each comparedReuters - 238 words
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253 2005-07-11 17 AP [NEW DELHI] India is introducing a new visa category for foreigners that seek long-term medical treatment, a news report said on Saturday, as increasing numbers of people stream in from abroad for low-cost health care. The new medical visas will be valid forAP - 253 words
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203 2005-07-11 17 Reuters [BOMBAY] Indian drug makers Ranbaxy Laboratories and Wockhardt are both bidding to buy German drug firm Viatris GmbH and Co. Indian daily The Economic Times said Viatris was acquired from German specialty chemicals maker Degussa AG by private equity investor Advent InternationalReuters - 203 words
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Advertisement56 2005-07-11 17 Presented by: Supported by: Platinum Sponsors: Gold Sponsors: TUflyf Pacific NOKIA PTTjT' JKPC ■=■■=-=Internet singapme chines cha.mii of commejce 4 iinsm Connecting People StJkrK u*nd«v n C »<ou**s miojSSl* ontomuhr, Bronze Sponsors: fffflTSwa Oiio Um Store Forest HMLINKI ECS RlfiP.t~.rß f ESDOTB #IDEALHOFT JC Openrech™ Pro-Dotech RESOLVO Ugsssssrs JTsS&IaS I'SOFTSOURCE56 words
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ASIA-PACIFIC/WORLD
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Article, Illustration572 2005-07-11 18 No bombs found; hunt continues for those behind London blasts Reuters, AP, AFP [LONDON] A huge overnight security alert in the city of Birmingham kept Britons on edge yesterday just three days after bombs ripped through London's transport network killing at least 50 people. PoliceReuters,; AP,; AFP; REUTERS - 572 words
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172 2005-07-11 18 Reuters IDUBAII United Arab. Emirates' property firm Benaa said yesterday it would build one of the world's biggest golf complexes worth more than 6.5 billion dirhams (Ss3 billion) in Dubai. Dubai Golf Gty at Dubailand, a multi-bilMon-dollar residential and leisure development,Reuters - 172 words
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190 2005-07-11 18 AP [KUWAIT CITY] London's terror attacks have complicated the monitoring of oil prices ahead of Opec making a decision on raising production, the president of the Organisation of Petroleum Exporting Countries said. Shaikh Ahmed Fahd A 1 Ahmed A 1 Sabah, who is also Kuwait'sAP - 190 words
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Article, Illustration403 2005-07-11 18 Reuters, AP [MANILA! Influential Roman Catholic bishops in the Philippines yesterday rejected calls for Gloria Macapagal Arroyo to step down, handing the embattled president a major reprieve after weeks of turmoil. No single option regarding Ms Arroyo could claim to be morally correct,Reuters,; AP - 403 words
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250 2005-07-11 18 Reuters [CALGARY, Alberta] US Treasury Secretary John Snow said on Friday that crude output from Alberta's oil sands substantially improves energy security for the US and Canada as the world frets over crude supplies and surging prices. "To have our closest ally,Reuters - 250 words
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Advertisement1084 2005-07-11 18 ASIATIC GROUP (HOLDINGS) LIMITED (incorporated in the Republic of Singapore) (Company Registration No.: *****9290R) NOTICE IS HEREBY GIVEN that the Annual General Meeting of ASIATIC GROUP (HOLDINGS) LIMITED ("the Company") will be held at THE REPUBLIC OF SINGAPORE YACHT CLUB, 52 West Coast Feny Road, Singapore *****7 on Friday, 291,084 words
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Advertisement312 2005-07-11 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PROPERTY SEARCH PTE. LTD. (In Members' Voluntary Liquidation) Company Reg. No. *****1796E NOTICE Is HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the above-named312 words
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Advertisement224 2005-07-11 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER Of JAMES, DAM lAN GRANT AO PTE LTD (In Members' Voluntary Winding4Jp) Company Registration No. *****5615 D NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the224 words
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Advertisement17 2005-07-11 18 psiT@«n Lianhe Zaobao I Re-financingSpl I interest I I drops to 1.8% I I I I I17 words
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WORLD
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596 2005-07-11 19 Former directors Roy Disney, Gold drop case against CEO's selection LAT-WP [BURBANK, California] One of the nastiest executivesuite dogfights in recent corporate history is close to resolution with the incoming Walt Disney chief executive Robert Iger and rebel shareholder Roy Disney declaring aLAT-WP - 596 words
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181 2005-07-11 19 Bloomberg [LONDON] Former Telegraph chief executive Jeremy Deedes and Compton Hellyer, founder of British spread-betting company, Sporting Index, plan to start a UK newspaper focusing on gambling to v 4ake advantage of a boom in the industry- Mr Deedes, Mr Hellyer, and entrepreneurBloomberg - 181 words
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Article3155 2005-07-11 19 Transaction date: Jul 8 For a full listing of the closing prices, log on to BT Online at http://business-times.asial .com.sg after 11.30pm every trading day MONfi KONG uni EqanaJewellery 1.26 -0.02 1070 RUNU w EganaGoldpfeil. 1.85 -0.01 3893 Esprit Holdings 55.75 -0.25 2570 2E2E S3 3S 'o SKE2E3,155 words
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Article288 2005-07-11 19 Mack's pay will now be based on firm's performance Bloomberg, Reuters [NEW YORK] Morgan Stanley chairman and chief executive officer John Mack is changing his employment agreement with the firm and no longer will accept a guarantee of US$25 million a year in pay. MrBloomberg,; Reuters - 288 words
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274 2005-07-11 19 Reuters [FRANKFURT] Volkswagen's head of personnel Peter Hartz, the father of Germany's controversial labour reforms aimed at reducing the jobless rolls, has placed himself among the unemployed by resigning on Friday. A scandal in the ranks of his department, currently under official investigation, hadReuters - 274 words
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Article, Illustration313 2005-07-11 19 The entertainment and media group will split next year Reuters [SUN VALLEY, Idaho] Viacom chairman Sumner Redstone says the age of the conglomerate is over. "I don't know why conglomerates are not working," he told reporters at the Allen Co's annual retreat forReuters; AP - 313 words
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429 2005-07-11 19 Reuters [BOSTON] Hedge funds posted tiny gains in the first half of the year but outperformed stocks, suggesting these loosely regulated investment pools will remain popular as investors search for ways to make money this year. Worries about rising interest rates, slower economic growthReuters - 429 words
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AVIATION
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Article, Illustration676 2005-07-11 20 Wary high-paying business travellers may postpone trips, say analysts NYT [NEW YORK] The airline industry is trying to think positive. But after last Thursday's London bombings, that did not seem easy. European routes are among the most profitable for airlines. And even thoughNYT; AP - 676 words
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344 2005-07-11 20 Final decision on developing aircraft likely by September Bloomberg [TOULOUSE, France] Airbus SAS, the world's biggest commercial planemaker, may forgo government loans from France, Germany, the UK and Spain when developing the A 350 airliner, the chief financial officer of Airbus's parentBloomberg - 344 words
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237 2005-07-11 20 Bloomberg [PARIS] Iberia Lineas AereaS de Espana SA, Spain's No 1 carrier, signed a contract to buy 30 planes from Airbus SAS, the world's biggest plane maker, as the airline replaces short- and medium-distance aircraft from Boeing Co. Iberia agreed to buyBloomberg - 237 words
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Article, Illustration515 2005-07-11 20 Reuters [NEW YORK] Jetßlue Airways Corp expects to be profitable for the rest of the year, its chief executive said last week, even as record oil prices threaten to push its rivals into bankruptcy. The New York-based discount airline should prosper compared with rivalReuters - 515 words
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303 2005-07-11 20 [NEW DELHI] The government has decided to treat persons of Indian origin (PIOs) at par with non-resident Indians (NRIs) with regard to investments in domestic aviation, the Business Standard said last Saturday. As a result, PIOs will be kept out of the303 words
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Article1954 2005-07-11 20 CfTT FLIGHT ITA FLIGHT ETD UL312 1530 ocm ips iJZdjJil AF8067 1850 2240 BA7J81 1850 Cmmtm—m SK973 1900 SK972 2155 QF81 1850 Da Hang MI633 2255 MI633 1425 AMMrte. SQ323 0620 AZ3993 2255 SQ5024 2255 SQ5024 1425 AZ3992 1450 KL838 2255 Darwin AF8087 1850 KL837 14501,954 words
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Page 20 Miscellaneous
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Miscellaneous200 2005-07-11 20 CRYPTIC CROSSWORD DOWN 14 Yet it may be quite a pedestri- Across: 1 Parrot-fish, 6 Pang, 9 2 What s inside isn t real only an clause (5) Mother-to-be, 10 Zeno, 12 Lion, 13 different® 16 Insolent little devil to lie when Erudition, 15 Shrugged, 16 Scrawl, 3 Sees that200 words
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SHIPPING
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407 2005-07-11 21 Shipbuilder gives govt 4 weeks to find alternative site for dry dock AFP [MAJURO] The Marshall Islands is trying to save its biggest planned foreign investment after environmental authorities rejected a Taiwanese company's proposal for a floating dry dock worth nearly US$2O million. TheAFP - 407 words
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Article, Illustration50 2005-07-11 21 [HONG KONG] A customs officer from the dog-handling unit walks past stacked containers at the Kwai Ching container port in Hong Kong. The customs outpost in the New Territories district of Hong Kong has a huge workload being situated next to the world's busiest container port. AFPAFP - 50 words
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162 2005-07-11 21 Reuters [PARIS] The sabotage of the Greenpeace flagship the Rainbow Warrior 20 years ago was carried out with the "personal authorisation" of France's late president Francois Mitterrand, documents showed on Saturday. Le Monde newspaper published extracts of a 1986 account written by Pierre Lacoste, theReuters - 162 words
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218 2005-07-11 21 AP [JAKARTA] As many as 200 people were feared dead days after a ferry capsized in rough seas off eastern Indonesia', a rescue official said yesterday. The 150-ton KMP Digul sank on Thursday night off the coast of Papua province while heading fromAP - 218 words
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Article121 2005-07-11 21 Reuters [HYDERABAD, India] A Myanmarese cargo vessel was damaged after a collision with an Indian ship at an eastern Indian port, a port official said on Saturday. No one was injured but the midship of the vessel was ruptured and water flooded into its number two holdReuters - 121 words
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Article, Illustration434 2005-07-11 21 Bloomberg [OSLO] The cost of shipping crude oil from the Persian Gulf to refineries in Asia rose to near a two-month high as cargo owners started booking 2 million-barrel tankers for their August shipments amid a dwindling supply of vessels. Hyundai Merchant MarineBloomberg; BLOOMBERG - 434 words
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Page 21 Advertisements
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Advertisement2817 2005-07-11 21 Notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DELOITTE HASWNS SELLS MANAGEMENT CONSULTANTS PTE LTD QN MEMBERS' VOLUNTARY LKXJOATION) (Company Registration No. *****4019H) NOTICE TO SUBMIT PARTICULARS OF DOTS OR CLAIMS Unti nn 1. n L Mn ll_ill Hi ii illn hi Nonce2,817 words
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Article11185 2005-07-11 22 STRAITS TIMES INDEX STOCKS Stock name wt dose Change Allgreen50c 0.28 1.110 -0.030 Ascendasreit 1.10 2.290 -0.010 BIL Intl US20c 0.51 1.190 0 020 CapitaLand 1.50 2.350 -0.010 CaprtaMall 0.82 2.480 tO^OIcT Chart SemiCond 26c 0.89 1.280 -0.010 CityDev 50c 2.40 7.900 -0.100 Comfort DelGro 25c 1.81 1.59011,185 words
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Article6066 2005-07-11 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la loot chit hi SS Hi US4 %dy *yr dy jr Kdy %yr Jul» tnd»« Ch«nq« Change CK»rvq« Ch»ng« CK»og« Q«nq« World Index Prdiminaty 8821 M 35 09 28 07 14 »EAfE Preliminary 829.9 0.9 7.4 pi 05 OB 3.6 Europe Prelimmsy 1162.56,066 words
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Advertisement1258 2005-07-11 24 NYK GROUP SOUTH ASIA PTE LTD W-— KfWT Pimm rmo «ur TEL:6295 0123 \v- r—A A AIZNE MKSS7 M II LIME Fax:6292 2856(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) M NIPPON YUSEN KAISHA TOKYO K»»AKU KASHA. OO (C/R NO: **********0E) HMMOI (MX) H» IM Main iinw *65 6536-2750 Ot#: **********00 fIC f Ik ffT1,258 words
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Advertisement871 2005-07-11 24 ItNTIRAStA RORO SIRVICI VBSa/VOT m»P(KT) HBGHTW pkg KCM IP I SI I JKT STtAfTS VENTURE 13/05 IS 3.2 22/06 23/04 29/04 02/07 04/07 STRAITS VENTURE 14/05 15 3.2 04/07 08/07 14/07 17/07 19/07 I STRAITS VENTURE 15/05 15 3.2 22/07 24/07 21/07 31/07 02/08 IAUSTKAUAN KOtO SERVICE I VCSa/VOT [MMfffDl871 words
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Advertisement1480 2005-07-11 25 www.homburgsud.com H AUSI SIRVICE (EXPORT) m JB SINGAPORE MISRANE SYDNEY MEUOURNE ADELAIDE SINGAPORE BRISIANE SYDNEY MEUOURNE ADELAIDE SCOTIA 019S 15/07 25/07 27/07 30/07 02/01 SCOTIA MPS 12/08 22/ M 24/08 27/01 30/W~ CAIYUN HE MIS 27/07 01/01 03/08 06/08 09/08 CAI YUM HE 067S 19/08 29/01 31/01 03/09 06/09 CAP1,480 words
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Advertisement1293 2005-07-11 25 VESSEL fflTsni JCTTmG KHH INC KYH PUS VESSEL VOY SIN JICT SUi HKG USN PUS HY PROGRESS 098S 14/7 16/7 21/7 23/7 25/7 27/7 27/7 KMTC SINGAPORE SIOS 17/7 20/7 21/7 26/7 30/7 31/7 HY BRIDGE 097S 21/7 23/7 28/7 30/7 1/B 3/» 3/1 KMTC JAKARTA SIOS 24/7 27/7 28/71,293 words
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Advertisement952 2005-07-11 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOT SIM P.KLAHO COLOMBO USHEVA COLOMBO PACIFIC QUEST QOOBW 18 JUL 19 JUL 22 JUI 2JLUII ZLUU KOTAPttWIHA YPWQ67 25 JUL 26 JUL 29 JUL 0) AUG UM INDIRA GANDHI 009SW OUUG 02 AUG 05952 words
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Advertisement1015 2005-07-11 26 WW WALLENIUS WILHELMSEN website: http://www.2wglobal.tom VESSEL VOT RAMP HEIGHT I SIN IK MAO HOU*~ MIA ~SAV lAI QBE NYC MIW~ MOI TARONGA AFSIB 320Tms 6.25 M I 22/07 13/08 22/08 25/08 27/01 01/09 30/01 TAMPERE AFSI9 400To*s 6.30 M I 26/07 20/08 29/08 02/09 07/09 OS/09 AIYQNA AJSO6 60Tb«s 5.31,015 words
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Advertisement126 2005-07-11 26 Wl VASCQ MARITIME PTE LTD. OFFERS WEEKLY CONTAINERISED SERVICES FROM SINGAPORE/MALAYSIA/INDONESIA TO INDIA (ISC) NHAVA SHEVA, MUMBAI, KANDLA, CHENNAI, CALCUTTA All ICDS PAKISTAN KARACHI INLAND SECTORS, ALSO SERVING AFGHANISTAN ARABIAN GULF (AOX) DUBAI, ABU DHABI, SHARJAH, BAHRAIN, DAMMAM, BANDAR ABBAS KUWAIT SOUTH EAST ASIA (INTRA TRADE) P. KLANG, PENANG, PASIR126 words
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Advertisement1602 2005-07-11 26 vissa vor sm pgu vissa vor m jkt PAC lANDA 1506W 05/07 05/07 PACHNTAM 9305 03/07 05/07 «U3OJ OM2P 05£Z 06/07 4173 05/07 23/06 PAC lAMDA 1507W 06/07 07/07 PACMNTAN 9306 10/07 12/07 CSF 2301 OM3P 07/07 09/07 PAC lAWDA 1508 M 08/07 08/07 ■■■■i IUMUIIi iUJUIiIM PAC lAWDA ISWH1,602 words
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Advertisement713 2005-07-11 26 i BSA jl- MYANMA nH FIVE STAR LINE (Myanmar National Line) Loading for Yangoa VESStI VOY SIN PHI PIN PGU PAGAN 348W SID PAGAN 349W 17/07 IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PU KUC JACARANDAACI 113 SU> SU) SLD713 words
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THE BUSINESS TIMES SHIPPING TIMES
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9459 2005-07-11 27 ETA ETA Advertiser Vessel Voyage Telephone HA ETA. Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 30/07 22/08 WanHai KOTAGEMAR GMR042 *****588 To ABIDJAN (ABJ) 2003 Cote D'lvoire 31/07 24/08 Hanjin COSCO SHANGHAI 028W *****055 20/079,459 words
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Advertisement597 2005-07-11 27 Guaranteed Sailing! I Service from Singapore to: I Los flngeles Keelung I 14 days transit. Mon A Thurs cut-off I HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****086 ORR CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****838, MEUNA LEE: *****187 PT IQANQ STOItt YANQONt AMP STOW»KUCMNO597 words
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Advertisement558 2005-07-11 27 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 ATTRACTIVE RATES TO: "J? ALEXANDRIA GENOA KEELUNG KAOHSIUNG mm IE HAVRE MALTA MAHE MARSEILLE CEIU DALIAN HONG KONG JAKARTA OINGOAO SHANGHAI SURABAYA p|PH^I 626J4694/5506/5535/5541/5553/5561/5551/5569/5565/5580/5560/5508/5578/55M/5563 PROJECT HEAVYLIFT CARGO Lawrene Lim TEL: *****555, H/P: *****977 lowrence.lim©freightlinks.net558 words
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Advertisement186 2005-07-11 27 IfW R T. DJAKARTA LLOYD (PERSCRO) IW (INDONESIAN NATIONAL LINE) AUSTRALIA AJLL CONTMNER BBMCE w V6VI an mi m( m mrrnr IMUIMK 15S 10/07 11/07 11/87 M/ 07 M/ 07 W/07 tnimrnk g 17/07 n/07 w/oo 31/07 02/00 nm ram nam m wv u/n 01/00 07/00 w/00 n/00 mwmm as186 words
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Advertisement428 2005-07-11 27 HHHHTTGERWAVE 298N 09 10/07 15-17/07 23-24/07 1 ■flWfifll TIGER PEARL 299N 12 13/07 19-21/07 26-27/07 1 ■iLiSbUgilla TIGER SEA 300N 16-17/07 22 24/07 30-31/07 I TIGER SKY 301N 19-20/07 26-28/07 02-03/08 1 ■■■■■TIGERWAVE 302N 23-24/07 29-31/07 06-07/08 1 TIGER PEARL 303N 26-27/07 03-05/08 10-11/08 ■iTwIIIIMPHIITAN 318 10-11/(17 18M/B7 78 79/07428 words
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BizIT
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564 2005-07-11 29 RAJU CHELLAM - Lenovo is set to buy more than US$4b worth of semicon chips this year. RAJU CHELLAM reports RAJU CHELLAM CHINESE computer giant Lenovo Group has suddenly emerged on the global semiconductor sector as one of the top ten OEM (original equipment)564 words
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Article, Illustration440 2005-07-11 29 ROLAND LIM - By ROLAND LIM DESIGN software giant Autodesk is hoping to ride on the construction boom in the region to boost its growth. Andre Pravaz, vicepresident of Autodesk's South Asia Pacific operations, said: "The infrastructure section of our business is doing extremely well,440 words
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Article, Illustration269 2005-07-11 29 Xinhua [BEIJING] Chinese people are now spending more time surfing the net than watching TV, according to results of a survey by the Chinese Academy of Social Sciences (CASS) published last week. The survey, of citizens of five Chinese cities, foundXinhua; AP - 269 words
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638 2005-07-11 29 AMIT ROY CHOUDHURY - Boon for regional, local JD Edwards, PeopleSoft users By AMIT ROY CHOUDHURY TOMORROWNOW, one of the biggest providers of third-party maintenance and support for People Soft and JD Edwards software, is in the process of establishing its Singapore office from where it will offer638 words
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<what's up>
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Article59 2005-07-11 29 BUSINESS software solutions provider Borland Software last week announced the launch of its $5 million R&D centre in Singapore. A joint initiative by Borland and the Singapore Economic Development Board, it currently has 35 Borland engineers working on software which will be used by its customers59 words
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Article85 2005-07-11 29 NYSE-LISTED technology services company EDS has announced the appointment of William Woo as its managing director for South-east Asia. Mr Woo was previously its director of operations for South-east Asia, and has been with EDS since 1990. EDS has also promoted Tan Hock Hai to85 words
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Article77 2005-07-11 29 AMERICAN Power Conversion (APC) has appointed George Kong as its new country general manager for Asean. Mr Kong will be responsible for overseeing operations and corporate strategy across six Asean countries, namely Singapore, Philippines, Malaysia, Indonesia, Vietnam and Thailand. Prior to his new appointment, Mr77 words
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Article99 2005-07-11 29 STARHUB and NTT Communications, with support fiwm Singapore Computer Society (SCS), Singapore Infocomm Technology Federation (SiTF) and Singapore's Manufacturers' Federation (SMa), will be organising an Asia-Pacific Seminar Executive Networking Event tomorrow at The Fullerton Singapore. The seminar will cover how companies can manage their ICT infrastructure to99 words
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Article, Illustration105 2005-07-11 29 DELL has launched its new desktop model, the Dimension 5100. It comes in white and silver tower casing, and features Dell Quiet Case technology which helps it run quieter. It also ships with Dell's Support 3.0, an application which identifies errors such as device driver incompatibilities105 words
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Article115 2005-07-11 29 THE Singapore Chinese Chamber of Commerce Industry's (SCCCI) 9th Annual Infocomm Commerce Conference (ICC) on Aug 18 will take on the theme of "Going Beyond Your Business Potential with IT", offering key business insights and infocomm strategies to help enterprises leverage on information technology to improve115 words
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Article89 2005-07-11 29 APPLE'S iPods have gotten more colourful at least on their displays. It has updated its three models in its iPod range the 20GB iPod, 60GB iPod and the 20GB iPod U2 Special Edition, with colour displays. Prices for the 20GB and 60 GB iPods are unchanged at89 words
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Article, Illustration86 2005-07-11 29 FUJITSU Asia has released its palm vein reader which provides a contactless option for authentication. The reader works by capturing an image of the veins in a person's palm while radiating it with near-infrared rays. This is matched against an earlier recorded image for authentication. Fujitsu claims86 words
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Article78 2005-07-11 29 SYMANTEC has launched its Live State Client Management Suite, a suite of six Symantec applications which aim to provide organisations with a comprehensive configuration and management solution for its various computing devices. Some of the features of the solution suite include automating tasks such as deploying and configuring78 words
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Article101 2005-07-11 29 VOIZIP Asia Pacific has launched its voice-over Internet Protocol (VoIP) service last week. Headquartered in Hong Kong with R&D facilities in Singapore, VoiZIP can offer its VoIP service over a subscriber's existing broadband connection, using hardware such as Cisco's SIP-enabled IP phones, which are priced from101 words
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Article126 2005-07-11 29 ROLAND LIM - Compiled by ROLAND LIM SINGNET announced the availability of its 10Mbps and 25Mbps ADSL broadband service last week. The service is currently bundled with a free three-month Challenger pack plan of the popular online game World of Warcraft. Sing Net's 10Mbps and 25Mbps Unlimited Plans are available126 words
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Article, Illustration636 2005-07-11 30 AMIT ROY CHOUDHURY - This is a result of the firm's global rebranding exercise, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY DATA storage major EMC Corp has set up a branch of its consulting division, EMC Consulting, in the Asia-Pa-cific including Japan (APJ), to address a regional market636 words
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200 2005-07-11 30 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY NEC Solutions Asia Pacific (NECSAP) has expanded its regional information technology managed services outsourcing business. It recently announced strategic partnerships with ABeam Consulting (ABeam) and Pointsec Mobile Technologies (Pointsec) and has established the NEC Managed Services and Outsourcing Centre200 words
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Page 30 Advertisements
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Advertisement144 2005-07-11 30 Can your network go around the world in 80 nanoseconds? 4 HOW AT&T HELPED COSCO TRANSFORM ITS BUSINESS. When the China Ocean Shipping Company wanted to expand its business into new ports of call, they steered right for the world's networking company. Now, with a standardized IP-based MPLS network from144 words
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Advertisement452 2005-07-11 30 IBM helps Lenovo jump to 9th in chip rankings PG 29 Bringing Business Value to the Enterprise Using Best Practices and Standards for Better IT Governance 6 Why Standard* Processes Matter? In today's high technology environment, organisations are more and more dependent on their information systems. In a recent survey,452 words
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