The Business Times, 14 July 2005

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Total Pages: 38
1 38 The Business Times
  • 14 1 THE BUSINESS TIMES online at http://business-times.asial.com.sg MICA (P) 089/03/2005 siNG&moi tms Thursday, July 14,2005
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  • 460 1  -  Guoco believed to have raised stake beyond 30% threshold By VEN SREENIVASAN [SINGAPORE] Quek Leng Chan's Guoco Group could be set to make a mandatory takeover offer for Singa-pore-listed property group BIL International, which the Malaysian tycoon already controls. Reports quoting
    460 words
  • 848 1  -  Since the court case, 2,700 people have called to cancel their contributions By MICHELLE QUAH [SINGAPORE] Thousands of people outraged at how the National Kidney Foundation (NKF) spends its money have been jamming the charity's switchboard to cancel their donations. The media was also deluged with
    848 words
  • 104 1 IF you think the dashing matador in the picture looks like the chief executive of the Singapore Exchange, you are right. Deft with cape as he is with the exchange's business, Hsieh Fu Hua braved horns yesterday to launch one of the major
    ARTHUR LEE  -  104 words
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  • TOP STORIES
    • 647 2  -  Shareholders come first and their right must be protected by the board Reports by JOYCE KOH [SINGAPORE] The hot topic of corporate accountability was addressed head-on yesterday evening by Ho Ching, chief executive of Temasek Holdings. In a speech at the
      CHEW SENG KIM/ST  -  647 words
    • 136 2 STI 2,239.01 (+3.42) ST INDEX FUTURES 2,240.00(+3.00) SIMSCI 267.00 (+0.02) SIMSCI FUTURES 267.60 (-0.10) MARKETS Wednesday Change KLSECOMP 913.07 -2.65 NIKKEI 225 11.659.84 -32.30 HANG SENG 14,307.30 +160.35 SET INDEX 658.37 +9.39 JAKARTA COMP 1.132.79 +3.68 MANILA COMP 1,854.04 14.90 SEOUL COMP 1,050.16 +6.28 SHENZHEN B 214.65 -0.51'
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    • 258 2 [SINGAPORE] It was a dinner for economists. And so it was fitting that the architect of Singapore's economic miracle, Goh Keng Swee, was honoured last night in a speech by Temasek Holdings CEO Ho Ching. Ms Ho spoke of Dr Goh, who
      258 words
    • 683 2 GuocoLand bags Nanjing site for 650 m yuan GUOCOLAND continues to gfow its presence in China. It said yesterday its fully-owned China unit has won the tender for a big site with a land area of 3.2 million sq ft in Nanjing. The price is 650 million yuan
      683 words
    • 1000 2  -  All hopes are on strong fundamentals, reports ANDREW MARKS in New York ANDREW MARKS THE US stock market turned in a turbulent and losing performance in the first half of the year. But after the first week of the third quarter,
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    • 347 3  -  NKF responds by providing hotline number for credit card holders to call By SIOW LI SEN [SINGAPORE] Banks, flooded with calls from people wanting to cancel credit card donations to the embattled National Kidney Foundation (NKF), asked the charity yesterday to stop
      347 words
    • 838 3  -  By WONG WEI KONG [SINGAPORE] Outraged members of the public yesterday turned their attention to the board of the National Kidney Foundation (NKF), criticising it for allowing the excesses of chief executive TT Durai to go unchecked and for the state of corporate governance
      838 words
    • 199 3 Bloomberg [NEW YORK] Former World Com Inc chairman Bernard Ebbers was sentenced to 25 years in prison for orchestrating the largest accounting fraud in US history, a US$ll billion scheme that drove his company into bankruptcy. Ebbers, 63, a former milkman and bouncer
      Bloomberg  -  199 words
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  • COMPANY NEWS
    • 406 4  -  Two parcels for residential and one for commercial development By KALPANA RASHIWALA SINGAPORE-LISTED GuocoLand continues to grow its presence in China. It said yesterday its fullyowned China unit has won the tender for a big site with a land area of 3.2 million sq
      406 words
    • 770 4  -  HOCK LOCK SIEW By JOYCE KOH FROM health supplements to hip clubs, Lifebrandz certainly looks to be grooving to a new beat. But whether entertainment can trump enzymes hinges on how well Lifebrandz can manage the plethora of new brands in its stable. The
      770 words
    • 279 4  -  By AMIT ROY CHOUDHURY ITE Electric founder Sia Teck Mong, who was among five people charged recently over a 2001 share placement by the Sesdaqlisted company, resigned yesterday as chief executive officer and director. Sia also ceased to be a member of the
      279 words
    • 439 6  -  By LISA TAN IF you espy a throng of executives charging down the central business district (CBD), then you know that it is that time of the year again for the Bull Run to help charities for children and youths. Now in its second
      ARTHUR LEE  -  439 words
    • 613 6  -  Balance not subscribed allotted to satisfy excess applications By KALPANA RASHIWALA OCBC Bank's one-for-five rights issue, which closed recently, saw a high acceptance level of 98.4 per cent. The valid acceptances represent 257.8 million of the 262.1 million new rights shares to be issued.
      613 words
    • 330 9  -  Strong showing by unit Nera Electronics By ROLAND LIM NERA Telecommunications' second-quarter earnings have jumped by more than half, helped by contributions from its subsidiary Nera Electronics. The mainboard-listed telecommunications solutions provider yesterday reported a net profit of $4.6 million for the three
      330 words
    • COMPANY BRIEFS
      • 71 9 KING'S Safetywear's wholly owned subsidiary, PT KSW Batam, has entered into an agreement to buy from PT Latrade three factories it is currently running at the Latrade Industrial Park in Batam, Indonesia, for $3.3 million. The transaction is not expected to have any material effect
        71 words
      • 62 9 UNITED Fiber System announced that it had issued an advance notice for $1.2 million to Cornell on July 4 as partial repayment of the 10 million Series Two Loan Note. To expedite the settlement of shares under the equity-line advance, th< company has borrowed
        62 words
    • 930 10  -  Hong Leong Finance is moving aggressively on many fronts, writes SIOW LI SEN SIOW LI SEN HONG Leong Finance (HLF) is on a roll. After cleaning up its used car loans book, a decision taken in the middle of 2003 which caused a significant reduction in
      930 words
    • 357 10  -  By AMIT ROY CHOUDHURY BIOSENSORS International Group shares sprang to life yesterday as investors took heart from news of regulatory approval for its first drug-eluting stent (DES) that makes it possible for the product to be sold in Europe. The mainboard-listed stock
      357 words
    • 157 10  -  By UMA SHANKARI FRASER and Neave's owned subsidiary Centrepoint Properties has disposed of its 25 per cent stake (together with its shareholder loans) in Rodamco Insa for about $24.4 million. FBtN said the sale, through CPL (Korea) Pte Ltd, is
      157 words
    • 4786 10 UNIT TRUSTS FUNDS CitiGlobal Healthcare Fund 0.98/ CMGfc Fin Siva Fund 1.08/ Cm US Aggresswe Growrth Fund 0.88/ ty^*r>l S B Sel GlbEBus Ldn Ptfl 03(SGD) 1.1184/ Star Ewpe Eqtyl M14/ S g Sel Gib Bus Ldrs Ptfl 03(USM 1 1677/ ZZ-M» t22S2?SiS: J'mi/ SB Sel Eqty Dividend Pf 04
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  • Page 4 Advertisements
    • 1382 4 The Missing Link* How to sharpen up your corporate reporting Over the last two years, the Singapore So, what should companies report? and execution of the principles in the Code. Codes and protection. Listed companies should similarly welcome stock market has been rocked by The Council on Corporate Disclosure and
      1,382 words

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    • 331 6 1 ifittii, \-v.VY> _#*<*g&&W fi*i," /Wit tit wsxto* -SSnwSSi^ ■••■•in »«w w »w.' •>j KEDA COMMUNICATIONS LTD. (Incorporated in Bermuda on 20 April 2004) Invitation in respect off 26,000,000 Shares off US$O.O2 each comprising 21,111,724 New Shares and 4,888,276 Vendor Shares as follows (i) 1,500,000 Offer Shares at 550.34 for
      331 words

  • Page 7 Advertisements
    • 993 7 This announcement appears as a matter or record only 13 July 2005 Pan Ocean inp STX Pan Ocean Co., Ltd. (a corporation with limited liability established under the law of the Republic of Korea) OFFERING IN RESPECT OF 600,000,000 OFFERING SHARES (SUBJECT TO THE OVER-ALLOTMENT OPTION) OFFERING PRICE: 550.90 PER
      993 words

  • SINGAPORE MARKETS
    • 528 8  -  STOCKS Trading volume crosses the billion-mark in both volume and value TEH HOOI LING Senior Correspondent IT'S finally happening, it appears. After months of touting by foreign and local broking firms alike including Merrill Lynch, DBS Vickers and OCBC Securities that it was time
      Source: Bloomberg  -  528 words
    • TRADES TO WATCH
      • 429 8 SUN Media Investment Holdings' (SMIH) direct stake in Sun Business Network has fallen to 13.61 per cent from 16.38 per cent following SMIH's sale of 20 million shares to an unrelated third party, Hubei Hengda Zhiyuan Group (HHZG). The buyer is
        429 words
      • 85 8  -  Compiled by KALPANA RASHIWALA UNITED Overseas Bank's deemed interest in United Overseas Land has declined from 46.53 per cent to 27.97 per cent. This follows the distribution-in-specie of UOL shares by UOB to the bank's shareholders; open market purchases and sales by
        85 words
    • Article, Illustration
      427 8 OTHER SINGAPORE INDICES Jul 13 VALUE CLOSE BT OB/OS 305.00 +208.00 BTCAPI -*****.00 +168.00 BT 10-day MA -*****.00 +30.00 All-SG Equities 577.30 +1.28 SG Equities Elect 142.24 +1.11 SG Equities Fin 1562.87 +3.77 SG Equities Prop 593.39 +8.21 SIMSCI 267.00 +0-02 SiMSCI Futures 267.60 -0.10 MOST ACTIVE STOCKS VOLUME BIL
      427 words
    • Article, Illustration
      893 8  -  Compiled by JOYCE KOH Koda Ltd My 13 dose: 29 cents OCBC INVESTMENT RESEARCH. July 13 KODA reveals in our recent meeting that its three-month order book has been sustained at $22 million, which is similar to the high reached in April. We see this as an indication
      Source: Bloomberg  -  893 words
    • 333 8 CURRENCIES AFP [TOKYO] The dollar was firmer in Asian trade yesterday but investors were largely on the sidelines ahead of the release of US trade data that could show a widening deficit, dealers said. Yasuhiro Takei, a foreign exchange dealer at Hachizuni Bank,
      AFP  -  333 words

  • Page 9 Advertisements
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  • Page 11 Advertisements
    • 209 11 CZMRY Success in Motion I WBwwbmmM.l-' mm .*$;S! j- > 'v \faSF> *£%p *1"/ rt ?*fe v -a Hftib* v BSkI Success has always been a moving experience. Luxurious interior with leather seats LED combination lamps introducing a bold new machine with the looks and power to elevate you to
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  • Page 12 Advertisements
    • 241 12 .-■< -:-s ,:Wi Mi t- ■-£g r fjjj I 'T r |gf 'I l|' Irt J n 1111 n I rwS 1 llllVi I |UT||T!b I iTiWnll Im^H >1 tS^Mi&f-j: i if >"*-■? '->-•* rf a C..- Wm it# Bl v i Tfiftorlft 3? /*f s jNfifi jl v "£V
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  • SINGAPORE NEWS
    • 420 13  -  It sets up US$l00m media financing facility funded by Bank of Ireland By CHLOE CHOY INTERNATIONAL leading talent management company, RGM Holdings, yesterday announced that it was moving its headquarters from Sydney to Singapore. In addition, the company said that it
      ALAN LIM CY/ST  -  420 words
    • 341 13 Reuters SINGAPORE retail sales probably rose marginally in May from April as tourist arrivals picked up, according to a Reuters poll of economists, although some said slow car sales could drag the index lower. Seasonally adjusted sales rose 1.0 per cent, according
      Reuters  -  341 words
    • 453 13  -  By CHEN HUIFEN SINGAPORE'S National Healthcare Group (NHG) has become Siemens' reference site in Asia-Pacific for the company to showcase its next-generation IT solution in healthcare delivery. The first-phase implementation of the solution, called Soarian, will be completed by next June. It promises to
      453 words
    • 403 13  -  Both personal and commercial credit histories vital By NANDE KHIN JUDICIOUS use of all sources of credit scoring can remove financial companies' worries about lending to small businesses, according to one of the experts attending the Blue Sky Finance Forum in
      403 words
    • 646 13  -  Build good ties with them through trade, investments By JEAN CHUA in Washington IT is important that the United States view the emergence of India and China as superpowers as a positive development, and rather than risking its interests in Asia
      646 words
  • Page 13 Advertisements
    • 261 13 ■I 1 yiars I I I HrOPTIONETICS PROUDLY PRESENTS THE OPTIONS COURSE The Secret to High-Profit Low-Risk Trading Strategies At this unique FREE SEMINAR, you will learn I Harvard-educated HpH I hedge fund manager nOW it IS possible to! George Fontanills is an K' 9 Trade on the USA Major
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  • Page 14 Advertisements
    • 3961 14 MTQ CORPORATION LIMITED s STJ Co- Re 9 NO. *****0057Z =E■=E.=E E ~E S (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING fiP InHllQtriPC I imitpH NOTICE IS HEREBY GIVEN that the 36th Annual General Meeting of the Company will be held at Carlton Hotel, Empress Room,
      3,961 words

  • FOCUS: SERVICES
    • 948 15  -  ADVERTISING Technology has fragmented the audiences and rendered it more complex to reach them, reports CHLOE CHOY CHLOE CHOY MOST, if not all, of us are familiar with the medium of communication known as "advertising". So powerful it is as a communication tool that it can
      948 words
  • Page 15 Advertisements
    • 2924 15 4 INFORMATICS 1 9 HOLDINGS ltd Registration No. *****3419G NOTICE IS HEREBY GIVEN that the Twenty Second Annual General Meeting of INFORMATICS HOLDINGS LTD will be held at Topaz Room 1 2, Level 2 Sheraton Towers 39 Scotts Road Singapore *****0 on Friday, 29 July 2005 at 2.00 p.m. to
      2,924 words

  • Page 16 Advertisements
    • 2180 16 JURONG CEMENT LIMITED Company Registration No. *****0737Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty Second Annual General Meeting of the Company will be held on Thursday, July 28, 2005 at 3.00 p.m. at Raffles Country Club, Banquet Hall 1,
      2,180 words
    • 1506 16 No/ices |v.[l|H|Ltd CIH Limited Incorporated in the Republic of Singapore Co. Reg. No. *****6357H Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at Ocean 1, Level 2, The Pan Pacific Singapore, 7 Raffles Boulevard, Marina Square, Singapore *****5
      1,506 words
    • 1395 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CHERN KON PLASTIC PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) Co. Rag. No. *****3487R Extract of the minutes at the Extraordinary General Meeting of members of Chem Kon Plastic Pte Ltd convened and held at Equity Plaza,
      1,395 words

  • ECONOMY WATCH
    • 536 17 Key measures include 5% salary and pension raise for civil servants AP [BANGKOK] Thai Prime Minister Thaksin Shinawatra late Tuesday announced economic stimulus measures to pump up the Thai economy in the short-term following signs of an economic slowdown amid rising oil prices.
      AP  -  536 words
    • 163 17 Reuters [BANGKOK] Thailand's rapidly rising oil import bill could push its current account deficit to US$4 billion this year, Finance Minister Somkid Jatusripitak said yesterday. But he added that the deficit could be as low as US$2 billion if higher
      Reuters  -  163 words
    • 568 17 Onus is on China to prevent a sudden outflow of liquidity Reuters [SINGAPORE] From falling currencies to declining foreign exchange reserves, evidence is emerging that less hot money is entering Asia as investors shift to higheryielding US dollar assets. For Asian policy makers, more
      Reuters  -  568 words
    • 387 17 Bloomberg [WASHINGTON] The US trade deficit showed a slight improvement in May, reflecting a temporary decline in world oil prices. But a continued surge in clothing and textile shipments pushed the deficit with China to the highest level in six months. The Commerce Department
      Bloomberg  -  387 words
  • Page 17 Advertisements
    • 794 17 SUNLIGHT SUNUGHT GROUP HLDG LTD (Incorporated in the Republic of Singapore) Company Registration No. *****6046G NOTICE OF SIXTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held at 150 Übi Avenue 4, Singapore *****5 on 29 July 2005, Friday, at
      794 words

  • MALAYSIA/INDONESIA
    • 452 18  -  Tenaga will get no money, loses 20% NUR share, and pays RM$1b By S JAYASANKARAN in Kuala Lumpur NATIONAL power utility Tenaga Nasional's RMI billion (***** million) purchase of Northern Utility Resources (NUR), a financially distressed 450-mega-watt power plant in northern Kedah
      452 words
    • 528 18  -  By PAULINE NG in Kuala Lumpur MULTILEVEL marketing company CNI Holdings, which is just weeks away from a stockmarket flotation, is confident its profit and revenue will see dou-ble-digit growth this year. Yesterday, CNI which has operations in Singapore, Brunei and Taiwan as well as
      528 words
    • 402 18  -  By SHOEB KAGDA in Jakarta INDONESIA is once again seeing inflows of direct foreign investments but unlike the heyday of 1995, this time most of the funds used for projects are being raised onshore. In the first half of this year, foreign direct investment
      AFP  -  402 words
    • 150 18 [KUALA LUMPUR] Kumpulan Guthrie Bhd's former group chief executive and director Abdul Khalid Ibrahim has filed a suit against Permodalan Nasional Bhd (PNB) and Bank Islam Malaysia Bhd following a dispute with them over his Guthrie shares, reports the Malaysia's Business Times. In his
      150 words
    • 2331 18 VOL General Cop .0.48 0.01 44 W13 RM W- COO#) Gentinq 19.60 unch 530 George Kent 068 0.06 1057 AAMReatty 1.57 -0.08 12 GHL Systems 032 unch 452 Abric 0.» 0.02 345 GtobetroraaTadi .042 unci) 350 ACPInduOries 0.73 0.03 19 GlomacBhd _.1J5 undi 77 Advance Synergy 031 0.01
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  • Page 18 Advertisements
    • 128 18 j|. 3TTFTT TF*R€TR 14july-21july 2005 Rang Mahal presents ifiwr 'Tastes of Rajasthan'. i j'"-^ m Rajasthan is known as the land VLpH of rich heritage, colours and traditions. 1 s ere th a t enigmatic recipes of the are Catch our chefs 'LIVE' action dS t^ P resent this highly-regarded
      128 words

  • GREATER CHINA/INDIA
    • 545 19 Move comes amid China giant's ad blitz to ease fears of US lawmakers AFP [BEIJING] The board of Chinese state-owned oil group CNOOC was expected to meet yesterday to consider raising its US$lB.5 billion bid for US oil major Unocal Corp, the Financial Times
      AFP  -  545 words
    • 350 19 AFP [HYDERABAD] A top minister in India's southern state of Andhra Pradesh admitted yesterday to paying money to try to secure a deal with German auto giant Volkswagen (VW) but denied it was a bribe. "The money was paid to Vasishta Wahan which we
      AFP  -  350 words
    • NOTE BOOK
      • 79 19 Reuters [SHANGHAI] China plans to unveil policies next week to ban foreign firms from controlling major domestic steel mills, an industry official said yesterday, as the country's overcrowded sector hunts for cash to expand. Beijing is also likely to grant admittance only
        Reuters  -  79 words
      • 85 19 Bloomberg [HONG KONG] Li Ka-shing, Stanley Ho and other businessmen contributed HK$27 million (555.9 million) to Donald Tsang's campaign to become Hong Kong's Chief Executive, the South China Morning Post reported yesterday, citing government records. Mr Li and his companies, including Hutchison Whampoa Ltd
        Bloomberg  -  85 words
      • 45 19 Reuters [SHANGHAI] China will launch a comprehensive audit of its four state debt-clearing agencies Huarong, Great Wall, Oriental and Cinda state media said yesterday, as Beijing tackles corruption in government while trying to shore up its financial industry.—Reuters
        Reuters  -  45 words
      • 41 19 Bloomberg [HONG KONG] PCCW Ltd, Hong Kong's biggest fixed-line provider, had its debt rating outlook cut to negative from stable by Fitch Ratings, which cited the company's declining market share amid strong competition. Bloomberg
        Bloomberg  -  41 words
    • 335 19 AP [TAIPEI] A government probe into allegations of widespread insider trading in Taiwan has led to the resignation of the chief investigator, and revealed troubling information about the island's stock market. Earlier this week, Lee Chin-cheng, head of investigation at the official Financial
      AP  -  335 words
    • 297 19 Bloomberg [BANGALORE] Infosys Technologies Ltd, India's second-largest software maker, is spending more money and resources to win bigger contracts as it competes with companies such as International Business Machines Corp and Accenture Ltd. Infosys, which has forecast sales will exceed US$2 billion
      Bloomberg  -  297 words
  • Page 19 Advertisements

  • ASIA-PACIFIC/WORLD
    • 603 20  -  Call follows Moody's outlook cut as more unrest grips Manila streets By AL LABITA in Manila FOREIGN businessmen yesterday voiced concern over the Philippines' political turmoil as another global rating agency slashed the country's credit outlook amid economic uncertainties. "We urge all
      603 words
    • 365 20 AP [WASHINGTON] US Rep Christopher Cox, President George W Bush's choice to head the Securities and Exchange Commission, has hundreds of thousands of dollars in money-market and mutual funds and large holdings in stocks of some big companies, his financial report shows.
      AP; AFP  -  365 words
    • 394 20 NYT [SAN FRANCISCO] Almost everyone you meet in Silicon Valley, or so it sometimes seems, dreams of joining a top venture capital firm, a job that brings prestige and the power to finance promising start-ups and, not incidentally,
      NYT  -  394 words
    • 827 20  -  ASIAN INSIGHT The current situation simply reflects the evolution of the Bretton Woods system ANTHONY ROWLEY Tokyo Correspondent I WAS lunching recently with one of the five key (and usually unidentified) people who control Japan's exchange rate policy when the conversation turned to
      827 words
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    • 255 20 JLJk JL. Ik \a# merit u3s mandarin si re tefcod We are f\ HHANCt itad Peß celebrating our 7" li 20 th birthday a/yr* with a facelift. In celebration S> Day on 14J«ffy Dinner \f I 7 refurbished Club 5 will Chef de Cuisine Bertrand Raguin Chefs Recommendation Set Menu
      255 words

  • WORLD
    • 854 21 Trump in EastWest fight over NY land sale He sues Asian partners, saying they sold prime site for 40% less Reuters, AFP [NEW YORK] In the big-ego world of real estate moguls, big disagreements can lead to even bigger battles. And in a fight between Donald Trump and a group
      Reuters,; AFP  -  854 words
    • 679 21  -  By CHRISTOPHER REED in Los Angeles THOSE who will decide whether Steve Wynn, the trendy Las Vegas casinos and hotels mogul, will win his bid to acquire one of the new Singapore integrated resort concessions, may wish to examine an extraordinary interview he just gave
      679 words
    • 308 21 AP [LAS VEGAS] Donald Trump broke ground on Tuesday on a luxury hotelcondominium designed to be the tallest residential building on the Las Vegas Strip, and promised a second identical tower nearby. The 64-storey building, in gold glass with white trim and
      AP; AFP  -  308 words
    • 393 21 Bloomberg [LONDON] Edinburgh, named the first world city of literature by the United Nations last year, is getting a tourism lift from its most recent writer in residence: Joanne Kathleen Rowling, author of the Harry Potter series of children's fiction. Ms Rowling,
      Bloomberg  -  393 words
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  • AVIATION
    • 638 22 Ex-chairman helped to convert once ailing carrier into a profitable one Bloomberg [LONDON] John Leonard King, the former chairman of British Airways (BA) who transformed the once ailing state-owned flag carrier into a profitable, publicly held airline, died on Tuesday at the
      Bloomberg; AP; BLOOMBERG  -  638 words
    • 519 22 Bloomberg [NEW DELHI] AMR Corp's American Airlines, the world's largest carrier, said it has tied up'with Sahara Airlines Ltd, India's thirdbiggest domestic carrier, to sell seats on each other's flights and tap the growing number of people wanting to fly between the
      Bloomberg; AFP  -  519 words
    • 192 22 Bloomberg [SINGAPORE] Singapore's Changi Airport, Asia's sixth-busiest, said it handled more passengers in June, a monthly record for this year, and processed more cargo as trade expanded and travel demand grew. The airport handled 2.81 million passengers in June, 7.8 per cent
      Bloomberg  -  192 words
    • 444 22 It will replace firm's current regional base in Philippines Reuters [GUANGZHOU] FedEx Corp, the world's top air express shipper, is to invest US$l5O million in a new Asia-Pacific hub in China in a bid to strengthen its presence in the fast growing mainland
      Reuters  -  444 words
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  • Page 22 Miscellaneous
    • 366 22 CRYPTIC CROSSWORD 1 Drives rig dressed in a green JJ— 9 Capture East European found in Newcastle (7) MO j j^H 10 Paid sportsmen backing agents that's commonplace! (7) J 1 I 11 Line that's almost the same RPV——IHV——JHL—IHHI 12 Cast on Adam's ale reach crit- |mJ—""ii—ti"" ii ical point
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  • Page 24 Advertisements
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  • SHIPPING
    • 700 25  -  COMMENTARY Or underwriters may become undertakers when disaster finally strikes DONALD URQUHART Transport Correspondent IT was bound to happen. The fact the influential Joint War Committee (JWC) of the Londonbased Lloyd's Market Association added the Malacca Strait to its listing of 21 areas worldwide
      700 words
    • 457 25  -  Any efforts to beef up security must have consent of the three states, it says By DONALD URQUHART [SINGAPORE] Indonesia has again made clear its stand that the three littoral states are solely responsible for the security of the Malacca Strait as
      REUTERS  -  457 words
    • 265 25 Bloomberg [SINGAPORE] South Korea may allow overseas shipping companies to tap funds initially set up to help Hanjin Shipping Co and other local shipping lines to buy new or used vessels, as it seeks to become a hub for ship financing. The government
      Bloomberg  -  265 words
    • 104 25 Bloomberg [SINGAPORE] Kawasaki Kisen Kaisha Ltd, Japan's No 3 shipping company, may buy two ships from Shanghai Waigaoqiao Shipbuilding Co for US$l26 million, said London-based shipbroker Galbraith's. Kawasaki Kisen is negotiating to order two so-called Capesize bulk carriers from Waigaoqiao, China's largest shipyard,
      Bloomberg  -  104 words
    • 278 25 SGX '000 Mil St W Vol CH Offshore .0.38 unch 299 Chuan OJO 0.01 1238 Cosot Corporation 198 0.01 3231 CWTOittfWion 0.66 0.01 21 tzn Hldgs 1.41 0.05 510 Freight links .0.08 -0X)1 27 Grand Banks Yacht 0.96 -0.04 36 JayaHokSngt 1.18 -0.01 1045 Kf Venture .0.28 unch
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    • 400 25 Reuters [SEOUL] Daewoo Shipbuilding and Marine Engineering, the world's num-ber-two shipbuilder, saw its net loss narrow in the second quarter from the first and earnings should turn positive in the final quarter, a senior executive said yesterday. Hwang Tae Jin, vicepresident
      Reuters  -  400 words
  • Page 25 Advertisements
    • 1758 25 GROUP LIMITED AIROCEAN GROUP LIMITED (Incorporated in the Republic ot Singapore) (Company Registration No. *****0382N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Airocean Group Limited will be held at Raffles The Plaza Swissotel The Stamford, Raffles City Convention Centre, Mercury Room, 4th
      1,758 words

  • EDITORIAL & OPINION
    • 537 26 EDITORIAL LAST week's G-8 summit, unlike most past meetings of this wealthy nations grouping, achieved some small measure of progress. In a departure from the past, British Prime Minister Tony Blair, the host, got the leaders to personally sign the final communique last week which
      537 words
    • 1272 26  -  It is implementing a deposit insurance scheme which will lead to stronger banks SHOEB KAGDA Jakarta Correspondent Having been the worst hit by the 1997 Asian financial crisis and the country that took the longest to emerge from it, Indonesia is now set
      BLOOMBERG; REUTERS  -  1,272 words
    • 771 26  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group AMERICANS seem to be in the process of becoming wildly over-housed. Since 1970, the size of the average home has increased 55 per cent (to 2,330 sq ft), while the size of the average
      The Washington Post Writers Group  -  771 words
    • 982 27  -  Countries are adopting measures to conserve energy to cope with slowing economic growth By GEORGE JAHN AP PRICEY oil this year has left Thais in the dark. It's also drawn German drivers to Polish gas pumps, kept cars parked in the United States and
      AP  -  982 words
    • 151 27  -  April Lin Ying Xuan, Singapore I REFER to the article "Durai withdraws suit against SPH" (BT, July 13). I would give a standing ovation to SPH and Senior Counsel Davinder Singh for removing the mask of the NKF. If the law permits I
      151 words
    • 360 27  -  Ricky Lee Singapore I REFER to the articles, "Singapore charity chief reveals 350,000 dollar salary, first-class travel" (Today, July 12, 2005) and "NKF CEO's $600,000 pay revealed in court" (ST. July f2, 2005). My initial reaction was: "Who have I been donating to all
      360 words
    • 104 27  -  Michael Tee Giam Eng Singapore I REFER to the article "Veil on NKF chief s pay shows lack of transparency: counsel" (BT, July 12). I think that it would show another example of waste if the donated funds were used to sue
      104 words
    • 446 27  -  LETTERS TO THE EDITOR Lee Siew Pin Singapore THE recent suit taken by TT Durai against SPH and its correspondent Susan Long and subsequent withdrawal raises many disturbing issues. It is difficult to believe that the NKF's chairman was not aware
      FILE PHOTO  -  446 words


  • 9949 28 SGX MAINBOARP a a ■p-ara.'s a *"8 r. ■a 10 3 5716 1st Software St 3.5 unch 7 3.5 3.5 3.5 4 tij J nl rOSZ"* 12 unch 2792 12 5 11 5 12 12 S 26 24 7.1 5.1 575 48 23.S S834 A-5onk 5c.......... 34 +0.5
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  • Page 28 Advertisements
    • 56 28 .jSBfo Audemars Piguet /JHDHHWJfaJ Le maitrc de I'horlogcric depuis 1875 m fm£ KjJHJJ /I Sole Distributor Service AUDEMARS PIGUET (SINGAPORE) PRIVATE Cortina watch V 541 orchard Road *17-00 Liat Towers Singapore *****1. Tel: 6238 6678 Fax: 6238 6676. Espace Boutique Hillenia Walk Tel: 6339 1728 internet: http://www.audemarspiguet.com Paragon Tel: 6235
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  • 6147 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES I* total am to SJ In US} *dy %yr dy yr dy %yr Jul U tndM Qv»Ofl» Q»ng« Ch«np« Chmq« Ouoa* Chang* Wnrid lnd« Putownary 8B3 -02 *3-03 35 03 02 t EAf£ Preliminary 8323 -ft3 1» 02 1J ft? -1A Europe Preliminary
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  • Page 30 Advertisements
    • 1241 30 ppg-ppp. HHH^v HrLfjll 1. v- igQ\ NYK GROUP SOUTH ASIA PTE LTD BNTKu.I ffiTSK LINE Fac (Regional sates) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAIBHA TOKYO tO#AXU RAONA. UO (C/RNO: **********06) /JJS A J I C #l 1,71 OWOOOOO SENATOR LINES S9fg| (ATEC SSSSS^n^I 1 SsiEl iwroy NCX
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    • 736 30 RORQ wkvioi VBSa/VOT I MMPfIHI I HBOHTWU FIW KM LQ SM JKT STIAITS VENTURE 13/05 15 12 22/ M 23/0* 21/0* 02/07 04/07 STtATTS VENTURE 14/05 15 3J 04/07 01/07 14/07 17/07 If/07 STRAITS VENTURE IS/D 5 15 3J 22/07 24/07 21/07 31/07 02/08 IiWfTffAHAH RORO SSRVfcj 1 vissa/vov IRAWKDI
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  • Page 31 Advertisements
    • 1257 31 www.homburasud.com H Mist SIRVKE (EXPORT) JIA Jtt SINGAPORE WISIAW SYDNEY MEUOUiW ADELAIDE SINGAPORE HISBANE STWIIT MEUOURtt ADELAIDE Stow 019S 15/07 25/07 27/07 30/07 02/0» SCOTIA QMS 12/ M 22/ M 14/01 27/01 311/01 CAITUW HE MIS 27/07 01/01 03/01 06/08 W/0» CAITUM HE 062S IVOI 21/01 31/01 OVW Ot/W CAPA6UIIAHIO6S
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    • 1128 31 VESSEL VOY TP (KG GOLDEN GATE SIOM I 19/7 I 20/7 71/1 NEW DYNAMIC 091 A 21/7 11/ l GOLDEN HADE 51 ON I 26/7 I 27/7 29/7 »«Ki MS* W 31/7 CAPE SANTIAGO Qo3n I ?/8 lift 5/8 DYNAMIC Ijjll Cdhg HC Mid-Swom *VSt mlng boiti Nonti West port
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    • 992 31 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOY SIN P.KLANG COLOMBO USHEVA COLOMBO sfez m lit JSL dat lit iiqia Pttwm YPWQ67 2511 ;t JUL n mi Qi AUG MAUG |~w. ,~n, 11 1 1 I MSO ACCEPRNG FQ TO COCHW, TUIKOMN
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 8317 32 ETA ETA Advertiser Vessel Voyage Telephone CTA ETA Advertber Vessel Voyy Telephone SIN Desfn Name Name Number Number SIN Desfn Name Name Ihmbar Number To ALOTAU (GUR) 2465 Papua New Guinea To ABIDJAN (ABJ) 2003 Cote D'lvoire 07/08 2 i/os ngpl chengtu 086 *****288
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  • Page 32 Advertisements
    • 711 32 luAf WALLENIUS WILHELMSEN website: http://www.2wglobal.com VESSEL VOY RAMP LK ~MAO~ HOU# MIA SAY »Al ORF NYC MEW MOB TARONGA AFSIB 320TMS 6.25 M I 22/07 13/ M 22/08 25/ M 27/04 01/09 30/08 TAMPERE AFSI9 4001 MS 6.30 M 26/07 20/08 29/08 02/09 07/09 05/09 AIYONA AJSO6 60T<MS S.3M 05/08
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    • 1066 32 VtSSIL VOY SIN PGM VKSa VOY SjN JUT PAC lANPA ISI2N 13/07 14/07 PKMWTAW 9307 16/07 H/07 2301 OUW M/ 07 ISZfiZ— m. PAC lANPA *****1 15/07 15/07 PAC Lgjg U/o]_\_Jl/07 PACIANDA 15MH 16/07 16/07 of 230 i oiizs mi Msi— -mjahm um iz/fiz uzfiz— gL Si Sfe ffe Of
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    • 430 32 BSA ii VfSSSQ^^^v MYANMA nM five star une (Myaimar National Line) Loading lor Yaogo* VESSEL VOY SIN PKL KN PGU PAGAN 348W SU> PAGAN 349W 17/07 IN MALAYSIA: BOUSTIAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****15 *****88 AMACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PHI KUC OCEANIA QUEEN 13S SLO
      430 words


  • BizIT
    • 858 34  -  A first for Maxtor outside US, it will design high-end HDDs, says AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE world's second largest disk drive maker, Maxtor, will hire 100 highly-skilled engineers for a design centre it is in the process of setting up
      858 words
    • 375 34 [LONDON] European Union anti-trust officials on Tuesday raided the offices of Intel and several computer manufacturers and distributors, in an escalation of their probe against Intel, the Financial Times reported. The raids underline the European Commission's deteftnination to conclude a case launched five
      AFP FILE PHOTO  -  375 words
    • 269 34 Reuters [SEATTLE] Microsoft Corp has warned users of three new security flaws in its Windows and Word software and issued patches to fix the flaws, which could allow attackers to take over a computer system. All three of the critical-rated security patches could potentially allow
      Reuters  -  269 words
    • 369 34  -  By ROLAND LIM BEHIND many of the animated advertisements you see through your Internet browser is Macromedia's Flash Player the heart of Macromedia's latest initiative to push its Flash Platform to businesses. Tom Hale, senior vice-presi-dent and general manager of Macromedia Inc. feels that the übiquity
      369 words
    • 363 34  -  BT exclusive By RAJU CHELLAM SINGAPORE-BASED infotech services provider Crimson Logic is ready to offer niche managed services in areas like trade logistics processes so that trading companies can focus on their core business and not worry about the detailed documentation required to move goods
      FILE PHOTO  -  363 words
    • 350 34  -  By RAJU CHELLAM THERE'S a new glow in the market for managed services, which is set to reach a whopping US$l4.6 billion overall this year up from about U5513.26 billion last year across the Asia-Pacific region outside of Japan, according to the first such
      350 words

  • Page 35 Advertisements
    • 4626 35 MIC L/UJIMCJJ I l IUI JUO J, JUi J 'Tj t-w-f To advertise call toll-free 1800 289 8822 Email; notices@sph.com.sg CIHLtd CIH Limited Incorporated in the Republic of Singapore Co. Reg. No. *****6357H Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company
      4,626 words

  • PROPERTY
    • 966 36  -  Many firms dealing with chemicals outsource their cleaning operations to minimise pollution, reports LISA TAN LISA TAN IT'S no secret that industrial chemicals and waste are potentially dangerous substances. However, last Saturday's chlorine leakage incident at Safra's newest club house brought the attention of many back to the
      FILE PHOTO  -  966 words
    • 836 37  -  COMMENTARY US capital markets may be overextending credit to home buyers CAROLINE BAUM THE housing boom is maturing. Concerns have shifted from the sharp rate of appreciation in home prices in certain areas of the US to the degree of speculation in real estate
      836 words
    • 1600 37 PROJECT NAME/ PROP CONTRACT TENURE BUIU-tNAANO PRICE PSf STREET NAME TYPE DATE AREA'(SQFT) (SS'OOO) (S$) District 01 T NON-LANDED The Sail At Marina Bay Apt 28/06/2005 99 689 760 1103 The Sail At Marina Bay Apt 10/06/2005 99 657
      1,600 words
    • 312 38  -  They are Ho Bee Group's MontView and GuocoLand's Leonie Studio By KALPANA RASHIWALA DEVELOPERS are stepping up efforts to sell private residential property projects, with at least two releases this weekend Mont View freehold condo in the Mount Sinai area and GuocoLand's 99-year leasehold Leonie
      312 words
    • 218 38  -  By KALPANA RASHIWALA ASCENDAS Real Estate Investment Trust (A-Reit) renewed and signed new leases, including expansions, -'amounting to 355,543 sq ft in net lettable area, or 3.4 per cent of the trust's total property portfolio, in its first quarter ended June 30, 2005.
      218 words
    • 437 38  -  By ARTHUR SIM GUOCOLAND has appointed award-winning WoHa Architects to design its proposed integrated resort (IR) at Marina Bay, giving Singapore's architecture community a thumbs-up in the process. Operating very much under the radar, GuocoLand Malaysian tycoon Quek Leng Chan's Singapore unit surprised
      437 words
    • 169 38 Reuters [BEIJING] Most of China's big property developers based in the financial hub of Shanghai expect local housing prices to stop rising or to contract in the second half of this year, a statistics bureau survey revealed yesterday. Of 275 property developers based in
      Reuters  -  169 words
  • Page 36 Advertisements
    • 219 36 ffl KKRCHER ||l Cleaning Solutions for j Explosive Hazardous Dusts ij For over 70 years, KArcher has dedicated research and development to JBf provide intelligent cleaning solutions for industries around the world. f JP: Apart from general cleaning machines, our commitment to provide safe Msg m Jfe« jHHNj||gg||| hazardous have
      219 words

  • Page 37 Advertisements
    • 1530 37 AAJH MAE ENGINEERING LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****1961 C) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 149 Rochor Road, #05-13/15, Fu Lu Shou Complex Singapore *****5 on Saturday, 30th day of July 2005 at 10.00
      1,530 words

  • Page 38 Advertisements
    • 234 38 Prime Residential Site in District 15 Vacant Land Amber Gardens Vacant Land at Amber Gardens „4 Paramount Freehold to Shopping 1,884.1 sq m (Approx. 20,281 sO Amber Gdn "Residential" with PR 2.8 Century 1 chij •WP granted for 15-sty residential BSI "TBS* 'pffS? building of 28 unite Jbff Marin* Faradt
      234 words
    • 188 38 FOR SALE JLN BESAR VICINITY 3-storey building comprising ground floor retail showroom of about 5500 sq ft and 2 floors of residential units (1700-1950 sq ft) Near to Jin Besar Sports Complex Freehold For En-bloc or strata sales Redevelopment A&A possible For more info, call Edmund Lee at 9843 3965
      188 words
    • 51 38 v W (vJ 0 Vfl or Z. FIND THE ONES r~ Hi r>j I thufii! u Recruit the right people j A through The Straits Tines RktuH'_—. f I Call 1800 289 8822orentail 1 lj recruitssph.com.sq \s~\ to advertise. P4o_ JU 1 rr: Jo C- H oK£^< -4 w i
      51 words