The Business Times, 21 July 2005

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Total Pages: 30
1 30 The Business Times
  • 10 1 THE BUSINESS TIMES SINGAPOREK<^tFJ at http://business-times.asial.cofTi.sg MICA(P)OB9fQ3/2005 Thursday, July 21,2005
    10 words
  • 870 1  -  Not now, say consultants who have been approached By KALPANA RASHIWALA [SINGAPORE] Some developers are swinging into action to take advantage of the package of property measures unveiled by the government on Tuesday they're sounding out property consultants on the possibility of jacking up the
    870 words
  • 138 1 STI 2.309.26 (+16.34) ST INDEX FUTURES 2.310.00 (+17.00) SIMSa 275.60 (+2.72) SIMSO FUTURES 276.10 (+1.90) MARKETS Wednesday Change KLSECOMP 924.01 +7.23 NIKKEI 225 11,789.35 +24.51 HANG SENG 14,602.70 +34.% SET INDEX 650.04 +137 JAKARTA COMP 1,140.66 +8.64 MANILA COMP 1,944.71 +55.16 SEOUL COMP 1.074.40 -1.08 SHENZHEN B 202.51
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  • 839 1  -  BT exclusive Privately-owned United Eagle set to fly domestic routes By JOYCE KOH [SINGAPORE] While talk of consolidation is in the air for budget airlines here, the mood is decidedly more bullish in China where a group of Singaporean investors led by
    CHRIS LOH  -  839 words
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  • TOP STORIES
    • 883 2  -  Urging fresh audit, minister says they have good hearts and good heads By CHUANG PECK MING [SINGAPORE] A new board of directors made up of senior people from a wide range of professions has been appointed to the National Kidney
      883 words
    • 877 2  -  COMMENTARY In the present economy, it may not be wise to be fully geared in property even if you can afford it By TAN KHEE GIAP WHEN the government announced policy changes for the property sector on Tuesday. Minister Mah Bow Tan emphasised that
      877 words
    • 523 2 Oei's behaviour could be viewed as irrational: court OEI Hong Leong's behaviour during the Nat Steel dividend saga could be viewed as "obstructive, oppressive and irrational" because he refused to engage in any way with any of the interested parties, the Court of Appeal said in its written
      523 words
    • 438 3  -  He rebuffed efforts by NatSteel and 98 Holdings to seek a resolution By WONG WEI KONG [SINGAPORE] Oei Hong Leong's behaviour during the Nat Steel dividend saga could be viewed as "obstructive, oppressive and irrational" because he refused to engage the
      438 words
    • 390 3  -  By LISA TAN [SINGAPORE] A student club at Singapore Management University (SMU) has been invited to help promote the international fundraising Listen Live concert. Taking place on Sept 30 and Oct 1, the concert is part of the global Listen Live campaign
      390 words
    • 465 3  -  New Jurong Island facility will boost its storage capacity to 8.45m barrels by Aug 2006 By RONNIE LIM [SINGAPORE] Strong regional demand has spurred Germany's Oiltanking to invest $100 million in another oil tankfarm on Jurong Island. It will be the
      465 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • PROPERTY FOCUS
    • 743 4  -  Leasehold collective en-bloc sales could be impacted: experts By ARTHUR SIM THE relaxation of the Minimum Lease Period (MLP) from 60 to 30 years for the use of CPF funds to buy properties is widely expected to raise the prices of such leasehold
      Source: Jones Leng LaSalle Research  -  743 words
    • 616 4  -  By ARTHUR SIM AN attractive package of policy changes involving the property market was handed out on Tuesday in Parliament, but one cannot help but wonder whether HDB homebuyers and sellers somehow missed out on the goodies. Unlike the monumental
      FILE PHOTO  -  616 words
    • 393 4  -  By ANNA TEO WITH the new property measures the government is giving the domestic sector a "large nudge in the reflationary direction" and is signalling that having reset the cost structure here, higher property prices are "an acceptable side-effect", says Goldman Sachs
      393 words
    • 706 4  -  By SIOW LI SEN DBS Bank yesterday is to charge 40 per cent more for the first three years for home loans to borrowers requiring 90 per cent financing. The extra interest is needed to offset the higher cost to
      706 words
    • 466 4  -  By ALEXANDRA HO PROPERTY counters continued their run yesterday, with the Singapore Exchange's Properties Index surpassing the five-year high it hit on Tuesday. But the advance slowed from Tuesday's 8.4 per cent to a more modest 0.8 per cent yesterday. Following the government's moves
      466 words

  • Page 5 Advertisements
    • 528 5 IMPORTANT NOTICE The Prospectus is available upon request and a copy may be obtained from any DBS Bank branch (including POSB), ÜBS AG, acting through its business group, ÜBS Investment OFFER FOR SUBSCRIPTION BY Bank, and where applicable, from certain members of the Association of Banks in Singapore, members of
      528 words

  • COMPANY NEWS
    • 610 6  -  Simon Cheong's firm raising $23.6m from placement of shares to 3 parties By MICHELLE QUAH SIMON Cheong's SC Global Developments has roped in tycoon Oei Hong Leong as an investor, in a deal that will see Mr Oei's Chip Lian
      610 words
    • 280 6 Bloomberg SHARES of Singapore Exchange Ltd (SGX) soared yesterday, fuelled by a property-inspired surge on the local bourse this week. The stock of SGX, the operator of Singapore's securities and derivatives markets, closed at its day's high of $2.26, a jump of
      Bloomberg  -  280 words
    • 587 6  -  HOCK LOCK SIEW By SIOW LI SEN WHAT a difference a day makes. DBS Group Holdings has gone from languisher to merely laggard, after rising $1.10 to $15.80 from Monday's close of $14.70. Rivals United Overseas Bank (UOB) and OCBC Bank too
      587 words
    • 420 9  -  It pays $11.5m for 14.9% stake in Mumbai's Shringar Cinemas Ltd By CHLOE CHOY LIGHTS, camera, action. Temasek Holdings has set its sights on the Indian movie capital of Bollywood and this is no movie stunt. After a string of big bank deals recently,
      420 words
    • 369 9  -  By LISA TAN BREADTALK is moving on from its chain of bakeries and plans to open its first food court in October. Megabite, Bread Talk's indirect subsidiary, is to revamp the 800-seat food court at Wisma Atria on Orchard Road, in a
      369 words
    • 326 9  -  INSIDER MOVES Sale at slightly above $1.25 a share, close to yesterday's high By MICHELLE QUAH SIGNS of director sales of property stocks have emerged as the sector surged this week following what the market saw as property-friendly measures from the government.
      326 words
    • 316 9  -  By EDDIE TOH US-BASED investment adviser Third Avenue Management LLC has succeeded Malaysian tycoon Quek Leng Chan as a substantial shareholder of Singapore hotel group Overseas Union Enterprise. Third Avenue, on behalf of numerous unnamed portfolios, pumped $41.4 million into the counter for an additional
      316 words
    • 674 10 But analysts see quarterly losses tapering, revenues rising further in H2 Reuters SINGAPORE chip firms probably lost money in the latest quarter as most customers struggled to clear the last of excess stockpiles, resulting in only a trickle of new sales orders, analysts
      Reuters; BLOOMBERG  -  674 words
    • 521 10 Bloomberg MOBILEONE Ltd, the smallest of Singapore's three mo-bile-phone companies, said earnings will rise in 2006 and 2007 from the company's forecast of "low singledigit" growth this year as consumers replace older handsets. The growth will come from high-speed mobile service, the
      Bloomberg; BLOOMBERG  -  521 words
    • COMPANY BRIEFS
      • 86 10 FIRSTLINK Investments Corporation's executive director Darren Kee has resigned. Mr Kee has also ceased to be a member of its nominating committee while chairman Ling Yew Kong has been appointed as a member. Firstlink was in the news recently for being reprimanded by the Singapore
        86 words
      • 99 10 PARKWAY Holdings' wholly owned Malaysian subsidiary Gleneagles (Malaysia) Sdn Bhd is looking to set up a nursing college in Kuala Lumpur with two other Parkway-linked companies. The unit has entered into a conditional joint-venture agreement with associated company Gleneagles Hospital (Kuala Lumpur) and another Parkway
        99 words
      • 74 10 FRASER Neave says its wholly-owned subsidiary Centrepoint Properties has through its wholly owned subsidiary CPL China Development— completed the acquisition of a 100 per cent shareholding interest in Hong Kong-incorporated company, Metro Charm Holdings. The consideration is 383.8 million yuan (5578.4 million). Metro Charm fully
        74 words
      • 128 10 NH Ceramics says it expects to report losses for FY2005 ended June 30—with second-half losses exceeding those of the first half. In the first half, it had a net loss of $352,000. When the company announced its interim results in February this year, it
        128 words
      • 121 10 NETWORK Foods International says its profitability for the half-year ended June 30, 2005, is expected to be lower than the year-ago period when it reported a profit before tax of $889,000. The company said its trading margins have been hurt by greater competition and the
        121 words
      • 82 10 PDC Corp has announced that it and its subsidiary Hong Lai Huat Realty Pte Ltd have received a letter of demand from OCBC Bank, demanding the amount of $426,856 against the two companies collectively as guarantors. The claims are a result of the
        82 words
      • 45 10 OLAM International, a supplier of food ingredients and industrial raw materials, has increased its investment in its wholly owned subsidiary, Olam Ghana Limited from 7.735 billion Ghanaian Cedi (551.45 million) to 19.796 billion Ghanaian Cedi, through subscription of shares.
        45 words
    • 278 10 Bloomberg SHARES of Creative Technology, whose MP3 music devices compete with Apple Computer Inc's iPod, fell yesterday on concern that the 15 per cent gain in the past two weeks was too much and too fast as the company faces more price competition.
      Bloomberg  -  278 words
  • Page 6 Advertisements
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 479 8  -  STOCKS Straits Times Index crosses 2,300, but stock gains are not exactly widespread R SIVANITHY Senior Correspondent UY first, think I later" seemed I to be the order of the day as traders piled I into property and banks yesterday to send the Straits Times Index
      Source: Bloomberg  -  479 words
    • TRADES TO WATCH
      • 386 8 AMTEK International's direct shareholding—and correspondingly, the deemed stake of Amtek Engineering Ltd in precision plastics engineering firm Fischer Tech Ltd was reduced to 22.86 per cent from 23.73 per cent on Tuesday, even though the net number of shares held by the
        386 words
      • 72 8  -  Compiled by CHLOE CHOY THE chief executive officer of mainboard-listed Asia Pacific Breweries yesterday reduced his stake in the brewer through an open-market sale at his own discretion. Koh Poh Tiong sold 35,000 shares at $8.78 apiece, bringing his direct shareholding
        72 words
    • Article, Illustration
      438 8 OTHER SINGAPORE INDICES Jul 20 VALUE CLOSE BT OB/OS 114.00 -104.00 BT CADI -*****.00 -63.00 BT 10-day MA -*****.00 +11.00 All-SG Equities 591.92 +4.32 SG Equities Elect 139.61 -0.06 SG Equities Fin 1663.38 +21.12 SG Equities Prop 639.53 +5.10 SIMSCI 275.60 +2.72 SiMSCI Futures 276.10 +1.90 MOST ACTIVE STOCKS VOLUME
      438 words
    • Article, Illustration
      955 8  -  Compiled by JOYCE KOH MobiteOne July 20 ctesa: 551.98 GK GOH RESEARCH. July 20 MOBILEONE (Ml) has reported a fair set of results for 2Q05, with net profit rising 1.5 per cent y-o-y to $40.1 million. Net profit for IHOS was 7 per cent lower at $80.2 million, as
      Source: Bloomberg  -  955 words
    • 368 8 CURRENCIES AFP [TOKYO] The dollar firmed against the yen in Asian trade yesterday as investors expected US Federal Reserve Chairman Alan Greenspan to signal a steady US economy when he speaks to Congress, dealers said. Mr Greenspan was due to start his semi-annual
      AFP  -  368 words

  • Page 9 Advertisements
    • 273 9 r..r.v'r KEDACOM KEDA COMMUNICATIONS LTD. (Incorporated in Bermuda on 20 April 2004) Invitation in respect of 26,000,000 Shares of USSO.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 each Offer Share by way of public offer; and (ii) 24,500,000 Placement
      273 words
    • 412 9 I THE MONETARY AUTHORITY OF SINGAPORE I TENOR APPROXIMATELY 2 YEARS TOTAL AMOUNT OFFERED SGD 1,600,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT SGD 100,000,000 (NON-COMPETITIVE) ISSUE CODE N*****0H (REOPENED) ISIN CODE 5G********** ISSUE DATE/SETTLEMENT DATE 1 AUGUST 2005 MATURITY DATE 1 OCTOBER 2007 COUPON RATE 2.625% P.A mM
      412 words

  • Page 10 Advertisements
    • 139 10 E5O Leaders Talk What are the competitive benefits of branding? Why are brands so few and far between among Asian companies? And how do you go about building a product or corporate brand and then making it succeed? Mr To discover the answers to these questions, we invite you to
      139 words
    • 296 10 Notices In the matter of The Companies Act, Cap. 50 And In the matter of PROWISS PTE LTD (Company Na. *****1290K) (In Members' Voluntary liquidation) At on Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 336 Smith Street #06-308 Now Bridge Centre Singapore
      296 words
    • 232 10 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of CHENG FOH BUILDING CONSTRUCTION PTE LTD (Company No. *****5829 M) NOTICE IS HEREBY GIVEN that Mr. Lai Seng Kwoon of M/i SK Lai Co of 8 Robinson Road. #13-M ASO Building, Singapore *****4. an approved liquidator,
      232 words
    • 134 10 THE ATLAS ICE COMPANY, BERHAD jSMU lAS (INCORPORATED IN MALAYSIA) (1302-W) LOST STOCK CERTIFICATES NOTICE IS HEREBY GIVEN that the following certificates have been reported lost: THE ATLAS ICE COMPANY BERHAD (1302-W) NAME OF STOCK CERTIFICATE NO. OF STOCKHOLDER NUMBER STOCKS Foong Mee Wah C.240 1,000 FoongMeeWah 85.283 1,000 Foong
      134 words

  • SINGAPORE NEWS
    • 443 11  -  Ranking says they have great capacity for sustained long-term growth By NANDE KHIN IF the financials of the companies ranked the Fastest Growing 50 by DP Information Group are anything to go by, fast growing companies (or those with the potential to grow
      443 words
    • 292 11  -  Agreements with 100 varsities to be signed soon By GENEVIEVE CUA SINGAPORE Management University will soon sign partnership agreements with 100 foreign universities for overseas exchange programmes. This, said Education Minister Tharman Shanmugaratnam, is an example of how Singapore should globalise its
      292 words
    • SINGAPORE ROUNDUP
      • 89 11 TO improve occupational safety and health (OSH) standards at the workplace, the government will change its top-down approach to workplace safety by partnering with industry leaders, Minister for Manpower Ng Eng Hen said. A Workplace Safety and Health Advisory Committee will be appointed later this
        89 words
      • 72 11 MICA, the Ministry of Information, Communications and the Arts, seeks to support the creation of 150 jobs and 50 business start-ups with its key initiative, Creative Community Singapore (CCS), which will be launched on Sunday. CCS, which has a $10 million budget for three
        72 words
    • 265 11 THE government yesterday announced several senior appointment changes in the public sector, all of which will take effect from Sep 1. Chan Lai Fung, who is Deputy Secretary (Trade) in the Ministry of Trade and Industry (MTI), will be appointed Acting Permanent Secretary, Ministry of Law
      265 words
    • 236 11 PREMIUMS for passenger-car COEs increased yesterday <Ls buyers responded to recent price cuts. In the second tender for July, Category A certificates of entitlement for cars below 1,600 cc and Cat B certificates for cars above 1,600 cc cost almost the same. Cat A rose $388
      236 words
  • Page 11 Advertisements
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  • FOCUS: SERVICES
    • 1448 12  -  PUBLIC RELATIONS Talent in a dynamic, changing industry is invaluable. Ellen Shedlarz, a global chief talent officer, shares her insights with ANNA TEO ANNA TEO PUBLIC relations is in the throes of change, and will become more valuable to clients as a communications tool than
      CHRIS LOH  -  1,448 words
    • 5015 12 UNIT TRUSTS FUNDS Citi Global Healthcare Fund 0.98/ Citi Gib Fin Srvcs Fund 108/ (S>0,,> 0819/ SBSH I." UIM/ SE2£E5h 5 8 Sel Gib Bus Ldrs Ptfl 03IUSD) 1.1677/ SKXEt Citibond Spore Class Y .0.979/ JZ S B Sel Eqty Dividend Pf 04 (SGD) 0.9596/ S W ?n, S B
      5,015 words

  • ECONOMY WATCH
    • 957 13 Growth sustained by widening trade surplus, spending on infrastructure Bloomberg [BEIJING] China's economy grew more than expected in the first half as exports surged and investment in power plants, coal mines and other fixed assets picked up. Gross domestic product rose
      Bloomberg; AFP  -  957 words
    • 532 13 AP, AP, Bloomberg, AFP AFP [WASHINGTON] Federal Reserve chairman Alan Greenspan said yesterday that the US economy should enjoy sustained growth with low inflation in the coming months, a strong condition that will require continuing incremental increases in interest rates. Mr Greenspan delivered a basically
      AP,; AP, Bloomberg, AFP; AFP  -  532 words
    • 591 13 Reuters [BANGKOK] Thailand's central bank raised interest rates by 25 basis points to 2.75 per cent yesterday, as expected, underlining its concern about the need to close a gaping current account deficit and boost the ailing baht. It was the sixth
      Reuters; REUTERS  -  591 words
    • 372 13 AP [KUALA LUMPUR] Malaysia's government may cut subsidies on petrol and other items because of rising global oil prices, but will also make sure that the poor are not affected, the trade minister said yesterday. A review of the entire subsidy policy
      AP  -  372 words
  • Page 13 Advertisements
    • 111 13 Prime Residential Site in District 15 Vacant Land <S> Amber Gardens T~. Vacant Land at Amber Gardens Mountbatten Rd panmotmt .Freehold «o shopping 1,884.1 sq m (Approx. 20,281 sf) tr "Residential" with PR 2.8 mmmmm m Sea view •WP granted for 15-sty residential R Hot R o«p2k buildin 9 of
      111 words

  • MALAYSIA/INDONESIA
    • 389 14  -  By SHOEB KAGDA in Jakarta PT DANAREKSA, the Indonesian government's investment arm, is exploring the possibility of launching the country's first infrastructure fund as part of its mandate to spearhead the drive to attract foreign investments, said its new president director Lin Che
      389 words
    • 272 14 AP [KUALA LUMPUR] Myanmar has promised not to embarrass Asean, Malaysia's foreign minister said yesterday, indicating the mil-itary-ruled country might skip its turn to chair the trade group next year due to international pressure. "The indication from Myanmar is that they will take
      AP  -  272 words
    • 303 14 Reuters [JAKARTA] Indonesia yesterday confirmed its first deaths from bird flu, saying tests on a father and his two young daughters who died recently showed they had the virus. Avian influenza, which arrived in Asia in late 2003, has so far killed 40 people
      Reuters; AP  -  303 words
    • 511 14  -  Wrongly keyed-in trade involving IJM warrant rights costs broker millions By PAULINE NG in Kuala Lumpur CIMB has confirmed that an error in keying in a trade on Tuesday, which likely resulted in losses of a few million ringgit to the company, had occurred at
      511 words
    • 320 14 AFP [KUALA LUMPUR] Malaysia's Trade Minister Rafidah Aziz yesterday insisted she will not quit despite criticism over her handling of a row about the nation's auto industry which reduced her to tears this week. "Do you all like to see me step down? If
      AFP  -  320 words
    • NOTE BOOK
      • 134 14 Reuters [SHANGHAI] The World Bank's private sector lending arm plans to sell up to alO per cent stake in China's Nanjing City Commercial Bank to a foreign investor to boost the lender's domestic IPO plans, the organisation said yesterday. International Finance
        Reuters  -  134 words
      • 80 14 AFP [SAN FRANCISCO] US Internet search powerhouse Google is moving to tap China's huge market by opening a research and development centre in the country, the company announced on Tuesday. Google is creating the base to better connect with the growing number of computer
        AFP  -  80 words
      • 75 14 Reuters [SHANGHAI] China will grant licences for 40 institutions to manage corporate pensions by early August, a state newspaper said yesterday, in a long-anticipated move to lure more than US$4 billion into the domestic securities markets. Those institutions would include fund management firms, brokerage
        Reuters  -  75 words
      • 95 14 Reuters [NEW DELHI] India's tea industry, the world's largest, has suffered heavy losses because of a 10-day-old strike, but union leaders vowed yesterday to continue their indefinite action. Industry officials said tea estates were losing about 200 million rupees (Ss7.B million) a day. Union
        Reuters  -  95 words
      • 84 14 The Times of India [NEW DELHI] Starbucks Coffee Company, the world's biggest coffee retailing chain, is close to naming a joint venture partner to stage an entry into the Indian market. It has met six potential partners, including the Rahejas business group,
        The Times of India  -  84 words
    • 2237 14 VOL General Corp .0.49 -0.01 69 W- C—I Genting 19.50 0.30 1061 George Kent .0.63 unch 1411 A »M Realty 1.53 0.01 3 GHL Systems .032 unch 333 Abnc .0.39 -0.01 795 Glotoetronics Tech 0.44 unch 715 ACP Industries .0.73 0.01 13 GlomacBhd 1.36 0.02 27 Alfeance Synergy
      2,237 words
  • Page 14 Advertisements
    • 643 14 Call tol-free 1800 289 8822 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LITTIEROCK TRADING PTE LTD COMPANY REG. NO. *****5852R (IN MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company held at 1 Raffles Place #21-01 OUB Centre Singapore
      643 words

  • GREATER CHINA/INDIA
    • 251 15 Chinese firms' global foray Chinese made overseas acquisitions worth about USs3.Bb in 2004, shaiply up from barely USs22b in 2003. Twenty one deals worth about US$2.l b announced, so far. Unocal: CNOOC offers USslBsb, toppping Chevron Coip bid. But Unocal board has backed Chevron which
      PHOTOS  -  251 words
    • 582 15 Chevron's offer raised to US$63.01 per share from US$60 Reuters. Bloomberg. NYT [PHILADELPHIA] US oil producer Unocal Corp has endorsed a sweetened US$l7 billion takeover offer from Chevron Corp, preferring it to a higher bid from China's state-run CNOOC Ltd. Chevron, the secondlargest
      Reuters.; Bloomberg.; NYT  -  582 words
    • 294 15 AP. NYT [NEWTON, lowa] Chinese appliance manufacturer Haier America and two investment partners are ending their bid to buy rival Maytag Corp. Maytag said in a statement on late Tuesday that Haier America, a subsidiary of Haier Group Ltd, had informed it that
      AP.; NYT  -  294 words
    • 467 15 ANALYSIS With Bering's support, big Chinese companies are using acquisitions to achieve an ambitious set of goals LAT-WP [NEW YORK] WALL Street firms love deep-pocketed corporate clients eager to make splashy deals. Right now, that means Wall Street loves China, where companies are cashrich and
      LAT-WP  -  467 words
    • 153 15 AFP [BEIJING] More than 30 million people across the world are learning Chinese as a foreign language, hoping to cash in on China's growing prominence, state media reported yesterday, citing a government bureau. Ma Jianfei, deputy director of the National Office for Teaching Chinese as
      AFP  -  153 words
    • 248 15 Reuters [NEW DELHI] India's BPL Mobile Communications Ltd said yesterday it sold its mobile phone services business to Essar Teleholdings Ltd in a deal valued at more than US$l billion. "We have concluded a deal with Essar," BPL chief executive
      Reuters  -  248 words
  • Page 15 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 464 16 Largest trade battle in WTO history could strain US ties with Europe Reuters [GENEVA] The World Trade Organization (WTO) yesterday formally launched probes into alleged illegal state aid for aviation giants Airbus and Boeing, kicking off the largest trade battle in
      Reuters  -  464 words
    • 377 16 Bloomberg [SOUTHFIELD, Michigan] General Motors Corp (GM) had a loss of US$2B6 million in the second quarter as a plan that spurred sales by giving employee discounts to all US buyers in June couldn't offset rising healthcare costs and restructuring costs
      Bloomberg  -  377 words
    • 304 16 Bloomberg [BANGKOK] Billionaire Charoen Sirivadhanabhakdi's plan for a 30 billion baht (Ssl.2 billion) initial share sale of Thai Beverages sparked a protest by thousands of Buddhists concerned about increasing alcoholism. Mr Charoen, 60, Thailand's richest man according to Forbes magazine, wants to
      Bloomberg; REUTERS  -  304 words
    • 773 16  -  ASIA INSIGHT East Asian nations could be drawn into a vortex of diminishing competitiveness ANTHONY ROWLEY Tokyo Correspondent THE "flying geese" that once winged their way across the skies of Asia in elegant 'V' formation are being shot down and are doomed to
      773 words
    • 298 16 Reuters [BANGKOK] Bangkok Bank, Thailand's largest by assets, reported an annual 30 per cent rise in secondquarter net profit yesterday, citing stronger loan growth and non-interest income, slightly below forecasts. Although the sector's outlook is clouded by soaring global oil
      Reuters  -  298 words
    • 175 16 Bloomberg [NEW YORK] JPMorgan Chase Co, the third-big-gest US bank, posted its lowest quarterly profit in a year on costs for legal set L tlements and a plunge in trading revenue. The bank reported sec-ond-quarter earnings of US$994 million compared with a loss
      Bloomberg  -  175 words
    • WORLD WATCH
      • 130 16 NYT [SAN FRANCISCO] Microsoft filed a lawsuit against Google on Tuesday asserting that Google hired away an executive in violation of a clause in his contract that precludes him from working for a competitor. The lawsuit came one day after Kai-Fu Lee, 43,
        NYT  -  130 words
      • 70 16 Reuters [CHICAGO] American Express Co, said on Tuesday that it would no longer use payment processor Card Systems Solutions Inc, which is at the centre of a controversy over a huge data breach. Details of up to 40 million payment cards are
        Reuters  -  70 words
      • 88 16 Bloomberg [NEW YORK] US chemical maker DuPont Co was sued in US federal courts over claims that it knew for two decades that a chemical used to make Teflon non-stick coating can sicken people. The company said in May it agreed to
        Bloomberg  -  88 words
      • 66 16 NYT [NEW YORK] International Paper, the largest forest products company by sales, said it might sell up to seven of its units to focus on industrial and consumer packaging and certain paper operations. The move is expected to raise US$B billion to
        NYT  -  66 words
  • Page 16 Advertisements
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  • WORLD
    • 691 17 Main players report upbeat results, easing concerns about 2Q earnings NYT, Bloomberg [NEW YORK] Technology ruled the Wall Street roost on Tuesday, joining companies from other sectors that have generally reported upbeat results and helping to ease concerns about the second quarter earnings season.
      NYT,; Bloomberg; Charts: Bloomberg,data compiled by BT  -  691 words
    • 411 17 Reuters [NEW YORK] A pension fund represented by prominent US securities lawyer William Lerach sued Morgan Stanley's board of directors on Tuesday, citing "years of gross mismanagement" at the bank and windfall severance packages awarded to former top executives. The Central Laborers' Pension
      Reuters  -  411 words
    • 337 17 Bloomberg [LONDON] WPP Group chief executive officer Martin Sorrell's pay jumped 10fold last year to £23 million (Ss67 million) making him the.best-paid chief executive officer among Britain's 100 biggest companies. Mr Sorrell, who has led the world's second-biggest advertising agency for 20 years,
      Bloomberg  -  337 words
    • 505 17 But share price dips on perception of a long slog ahead AP NYT [LONDON] Royal Dutch and Shell began trading in London as a unified company yesterday, ending a century of divided Dutch and British rule and beginning what its chief executive, Jeroen
      AP; NYT  -  505 words
  • Page 17 Advertisements
    • 375 17 Serving the Best Char-Grilled Steaks, Chicken Shrimps, Fish More at very reasonable prices in a romantic ambience with your favourite Latin hits. Fiesta after 10pm with FREE* Salsa A Merengue lessons by native Colombian instructors. SPECIAL RATES FOR AFTER-OFFICE PARTIES Reservation 6220 7927 28 Murray T«rrac« (Tros Street). Behind Maxwell
      375 words
    • 91 17 Introducing a free-flow buffet with a Plaza Brasserie (formerly Cafe Plaza) is re-opening in the first week of August. You will discover a new ambience and delight in our popular and expanded buffet. Don't miss our Chocol«t« Fountain a giant fountain of chocolate free-flowing for breakfast, lunch and dinner. Meanwhile,
      91 words

  • AVIATION
    • 324 18 Tokyo aims to develop such know-how by March 2008: report AFP [TOKYO] Japan will lead the development of technology to make electronic passports readable at airports around the world as part of global efforts to increase security, a news report said yesterday. The Japanese
      AFP  -  324 words
    • 356 18 Bloomberg [TOKYO] Japan Airlines Corp, the country's largest carrier, says it may have to raise airfares to meet its sales and earnings forecasts this year, as it loses passengers to All Nippon Airways Co after reporting a series of safety lapses. The airline's
      Bloomberg; BLOOMBERG  -  356 words
    • 218 18 AFP [KUALA LUMPUR] Malay-sia-based budget carrier Air Asia yesterday refused to comment on reports that it was in talks to buy Singapore rival Valuair but said it was on the lookout for regional acquisitions. "We are always looking for opportunities around the region but we
      AFP  -  218 words
    • LOG BOOK
      • 70 18 Bloomberg [NEW DELHI] Kingfisher Airlines Ltd, a low-fare carrier set up by India's biggest brewer, said it plans an initial public offer in 2006 to raise money to pay for its US$5 billion plane purchase. It may list on the exchanges of Mumbai and
        Bloomberg  -  70 words
      • 98 18 AP [SEOUL] Asiana Airlines was forced to cancel more flights as management and union leaders Ceiled to resolve differences at a meeting yesterday, the fourth day of a strike by pilots at South Korea's No 2 carrier. Management and union officials met again
        AP  -  98 words
      • 64 18 Bloomberg [CHICAGO] Continental Airlines Inc, the No 5 US airline, had second-quarter net income of US$lOO million, beating analysts' estimates and posting its first profit in six quarters as higher fares boosted revenue. Net income was US$l.26 a share, compared with a restated net
        Bloomberg  -  64 words
    • 585 18 Reuters [NEW YORK] "I fly em, but never buy 'em." Fund manager Paul Nolte's view of airline stocks is typical. Most investors have sworn off the sector, spooked by the US industry's US$32 billion in losses since 2000 and the prospects for more red ink
      Reuters  -  585 words
    • 175 18 Bloomberg [SYDNEY] Sydney Airport Corp, the biggest asset held by Macquarie Airports, said fourth-quarter profit increased 13 per cent as discounting by carriers and new routes spurred demand for air travel. Sydney Airport's earnings before interest, tax, depreciation and amortisation climbed to A 5119.9
      Bloomberg  -  175 words
    • 1661 18 crrr FUGNT ETA RJGNT ETD Delhi S2081 0630 S2082 0900 MB. LH9771 1845 AF8088 2215 fog !£I r/\i»-y>'y> 5Q143 1S35 SQ14fc 1640 SQ442 2020 GA840 1725 GA841 1825 Amsterdam SO323 0620 A***** 2255 SQ147 2235 SQ148 1900 KLM7 1450 So!* 2M5 Dh k SQ435 0550 .-iO**-
      1,661 words
  • Page 18 Miscellaneous
    • 198 18 CRYPTIJC CROSSWORD who arrived with 24 One who complains about in--29 Regretted being impolite to the audience (4) 30 One studies tree lines (11) HQ needs bottle and heart YESTERDAY'S SOLUTION n-uju (5,6) Across: 1 Rag trade, 5 Grasps, 9 U WN 13 Not a fair trade? (5,6) Fruitful, 10
      198 words

  • SHIPPING
    • 497 19  -  US$200m terminal is Jacksonville's 1st direct container ship link to Asia By DONALD URQUHART [SINGAPORE] Tokyo-based shipping company Mitsui OSK Lines Ltd (MOL) will soon put the Florida port of Jacksonville on the global container terminal map when it announced
      497 words
    • 293 19 SGX '000 Jul 20 SS ♦I- Vol CH Offshore 0.39 unch 2157 ChuanHup 0.83 0.01 ***** Cosco Corporation 2.10 0.01 5151 CWT Distribution 0.67 0.01 76 Ezra Hldqs .1.31 -0.05 1811 Freight Links 0.08 unch 16 Grand Banks Yacht 0.94 -0.01 2 Jaya Holdings 1.18 -0.03 3327 K1
      293 words
    • 300 19  -  By GEORGE JOSEPH [SINGAPORE] Sesdaq listed offshore support and marine services provider Ezra Holdings has taken delivery of a second anchor handling towing and supply (AHTS) vessel, the Lewek Swan. The 71-metre Lewek Swan is equipped with a sophisticated dynamic positioning system and has a
      300 words
    • 1009 19  -  STRAIT TALK By DAVID HUGHES THIS column is a day late but I can plead a good excuse. Regular readers may well have spotted by now, after 10 years of me writing Strait Talk every week, that it must have been a good few years since
      1,009 words
    • 168 19 Bloomberg [SAN FRANCISCO] Container shipments through the Port of Long Beach, the second-busiest US seaport behind Los Angeles, rose 17 per cent in June because of higher US demand for Asian imports, port officials said. The total number of 20-foot containers going in and
      Bloomberg  -  168 words
    • 331 19  -  By DONALD URQUHART [SINGAPORE] Swire Shipping, a subsidiary of the UK-based Swire Group, has signed new Terminal Service Agreements (TSAs) with PSA Corporation. The agreements cover vessels operating under Swire Shipping's network as well as Tasman Orient Line (TOL), a joint subsidiary of
      331 words
    • 171 19 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's sec-ond-largest shipbuilder, said it expects to win orders for five liquefied natural gas (LNG) tankers from Qatar this month as part of a long-term agreement to supply the Middle Eastern state with new vessels. The
      Bloomberg  -  171 words
  • Page 19 Advertisements
    • 420 19 grpTimited (Incorporated in the Republic of Singapore) (Company Registration No.: *****1449 C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of GRP Limited (the "Company") will be held at 1 Bukit Batok Street 22, Meeting Room, Level 8, GRP Industrial Building, Singapore *****2 on
      420 words

  • EDITORIAL & OPINION
    • 547 20 EDITORIAL WILL the Singapore property market finally see a real turnaround after a painful consolidation that has lasted nearly a decade? Two key events this week could well help spice up the market. First, Raffles Holdings, which is part of Singapore's biggest property
      547 words
    • 734 20  - Globalisation depends on surprise—the nation state THE BOTTOM LINE ROBERT SAMUELSON Washington Post Writers Group ONE of the unheralded contrasts of our time is this: everywhere we see the increasingly powerful effects of globalisation; and yet, the single most important reality for the economic well-being of most people is their
      Washington Post Writers Group  -  734 words
    • 1385 20  -  While enjoying the benefits of Chinese imports, they bash China, citing 'national security' LEON HADAR Washington Correspondent HE BOUGHT quite a lot of stuff at his favourite shopping mall over the weekend: cheap Chinese-made shirts (five), pants (three), suits (two), dresses (three), scarves,
      REUTERS  -  1,385 words
    • 1873 21  -  'Force-feeding' students will not produce thinking, questioning individuals needed for today's knowledge-based economy By THUM JIE LIANG IT HAS been said that learning how to learn is the single most important outcome of education today. The increasing connectivity and interdependence of the world's markets
      FILE PHOTO  -  1,873 words
    • 194 21  -  Leong Sze Hian Singapore I REFER to the articles "Property package gets thumbsup", "CPF rule changes win some, lose some" and "Retuning property policies" (BT, July 20). With the financing limit for housing loans being raised from 80 per cent to 90
      194 words
    • 934 21  -  MATTHEW LYNN Bloomberg PUSH aside that laptop. Put down that spreadsheet. Start planning a longer summer vacation. All that extra money you try to earn won't bring happiness. The trouble is, not much else will either. In the past few years, economists perhaps keen to shed
      Bloomberg  -  934 words
    • 219 21  -  LETTERS TO THE EDITOR Tan Siew Teck Singapore I REFER to "$1.72b Raffles Holdings a fair deal for all?" (BT, July 20) The economics of M&A transactions extends beyond merely establishing a fair value of the acquired business. It also involves the incremental
      219 words


  • 10493 22 SGX MAINBOARP 52 Wk Td Last Vol Day Lact Quote GrOn Oiv GrTU Met MCap High Law Code Company Sate (POP) High low »«yr SaNr Cur S P/t 10 3 5716 1st Software 5c 3.5 unch 150 3.5 3.5 3.5 4 U2 34.5 11 3148 STelecom US2c 12
    10,493 words

  • 6508 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local airr M it H» Utl dy yr K dy yr dy Syr Jul 1» Index Clung* Ch«ng« Q»»ng« Ch»m« Change Chango mMmamftmtm m* m u a 3 i» m bj t EAFf Preliminary WJ A3 1.9 41 13 434 33 Europe
    6,508 words

  • Page 24 Advertisements
    • 1326 24 I 1 D& 1 NYK GROUP SOUTH ASIA PTE LTD Ul~ K7VV* PMU qnQ vr TEL *****123 SEiLSI™ Hggj T JI I SuS^Ji' IN,E Fax:6292 2856(Regionalsales)/*****109(0P5)/6299 5785(Doamentation) NIPPON YUSEN KAISHA TOKYO SOTAICU KASHA. Utt (C/R NO: **********0E) 3 1 Ct#: 1373 *****000 SENATOR LINES Mgfef UC&Ai I^HB HN«O* (i.UL) Pt«
      1,326 words
    • 769 24 lufif olio ifio iivici vßsa/vor «wm) wanwo m km m sw I «t Siwnsvaiuttis/Ds is u 72/07 25/07 21/07 31/07 02/00 stuns VBfTUK It/OS IS 12 05/06 07/01 11/01 14/01 16/08 I STKAfTS VEWTUtt 17/ OS IS 3J 11/01 21/08 25/01 21/01 30/08 [WtTTTftllftM ftfUH? Hftvifi wssa/vor jiwyT)ihbghto| m| i
      769 words

  • Page 25 Advertisements
    • 1200 25 www.hombufgsud.iom H AUSESERVICE (EXPORT) J» JSk StHGAPOtt WISIAWE STDMfT WtUOUtHE ADtIAIM SINGAPORE HISMNt STMtfT ggjQWg MjUjK CAIYUW HE OtlS 22/07 01/08 03/01/ 06/01 W/W CAI YUM Ht 062S 19/01 29/01 31/01 OVW Ot/W CAP AGUILAHIO6S 29/07 06/Qt 10/01 13/01 16/01 qf AGUIUUt 107S 2t/M OVW 07/0? lfl/W 13/W CSCL XIAMEN
      1,200 words
    • 1163 25 JESfI BB_ rasa VOY TT PKG MMIKAK iIJUL _24ZL _2ZZZ 22ZZ HEW DYNAMIC 091 A 23/7 CAPE SANTIAGO 003n 2/8 3/8 5/8 PERTH BRIDGE 08SA 29/7 31/7 GOLDEN GATE 51 In 10/8 12/8 NEW DYNAMIC 092 A 4/8 6/8 •VSttntu boh North* Wtst port VESSEL VOY PKG SIN HKG SHA
      1,163 words
    • 974 25 m WEEKLY EXPRESS SA.LING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VKSII VOY SIM P.KLAN6 CTMggO JlggW COLOMBO Si IM -Mtat* PttWMA ißMHiiiilll 2LUII 2LUII ILAJIG Dlilifi INDIBA GANDHI 009SW 01 AUG 02 AUG BtMlfi QiM_ _LL&J!L_ MVBHBi OWSW 01 AUG 09 AUG I? AUG 15 AUG
      974 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7559 26 ETA ETA AtfvwtiMr VmhI Voyage TtkphofM ETA ETA Advartbar V«mI Voyag* Tataptnm SIN Dost'it Name Mmvm Numbw Nwvitotr SIN DMt*R Nwim Nmim Numbcc Mutnto#f 22/08 17/09 NGPL SPEYBANK SP190 *****288 To ABIDJAN (ABJ) 2003 Cote O'lvoire 28A» 24/10 ngpl arunbank SP191 *****288 28/07 06/09
      7,559 words
  • Page 26 Advertisements
    • 733 26 lAXAI WALLENIUS WILHELMSEN website: http://www.2wglobfll.tom [VISSH I VOT RAMP I HEIGHT ISW LK MAO HOW MIA SAV Ml ORE NYC KW MOO TARONGA ATSIS 3201 m 6.25 M I 22/07 12/01 21/00 24/08 26/00 Jl/00 29/00 TAMPERE AFSI9 400 To« 6.30 M I 26/07 20/00 29/00 02/09 07/09 OS/09 [AIYOHA
      733 words
    • 1022 26 vasa vor m m vpsa vor m m cy 2301 014 IP U/07 »/07 PACHOTAN <307 14/07 ~W/Q7 mum iiM iv»7 imfz PMMHPA 1517 M 79/97 21/07 P>C OMCTAN liM 24 >07 27/07 urn ai/07 ii/ 07 mum urn nm 22/07 AVl'lAtmwmm mmm um um *nw Of 2301 01 SOP
      1,022 words
    • 442 26 i BSA jl MYANMA m FIVE STAR LINE (Myawnor Notional Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 340W SU> PAGAN 349W SU IN MALAYSIA: IOUSUAD SHIPPING AGENCIES KIH/PKL 03-300 SUM PIN: 04-*****1S fatAiuwm MKUKk ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL KUC PRINCESS 75
      442 words


  • BizIT
    • 645 28  -  Sales in the Asia-Pacific region almost doubled, accounting for US$981m or 45% of its Q4 revenue, writes ROLAND LIM ROLAND LIM THE world's largest hard disk drive maker Seagate Technology yesterday reported record earnings on strong consumer demand for its hard disk drives, especially from the
      645 words
    • 708 28 By AMIT ROY CHOUDHURY COMPUTER vendors sold 166,300 personal computers (PCs) in Singapore during the April to June period of this year, driven to a large extent by sales from outlets within tertiary institutions, according to preliminary estimates by research house IDC. The number
      708 words
    • 552 28  -  By AMU ROY CHOUDHURY A DAY after HewlettPackard CEO Mark Hurd announced that the company will let go of 14,500 workers worldwide, the company's Asia-Pacific office yesterday said that it may hire new people in areas where it needs to.
      AP  -  552 words
    • 384 28 Reuters [AMSTERDAM] Mobile phone sales will exceed one billion handsets a year by 2009 as they become the most common consumer electronics device with 2.6 billion people using one by then, according to a survey published yesterday. Around 1.04
      Reuters  -  384 words
    • 337 28 Reuters [HELSINKI] Broadband Internet access via TV cables can reach 100 megabits per second as early as next year, 50 times faster than the average broadband speeds now offered to cable TV homes, a Finnish firm said yesterday. Similar data transmission
      Reuters  -  337 words
  • Page 28 Advertisements
    • 265 28 IF* TeL-.nET.SC Hobtco CallManaocr Solutions Inte^^Access fir IP Telephony from Get a quick start with just one Cisco IP Phone. With the IPIEI NE t.SG hosted Cisco CaJlMarager solution, you car> get started /5K^ with just one Oho 7902 IP Phone and a Cisco 837 Router, and take it from
      265 words
    • 11 28 The use of wireless technology in homes is changing buying habits.
      11 words

  • PROPERTY
    • 573 29 Tenant's appeal dismissed; Housing Authority has right to sell its assets AFP [HONG KONG] Hong Kong's highest court yesterday dismissed an appeal against the government's sale of publicly owned shopping centres and thousands of parking spaces, paving the way for the
      AFP  -  573 words
    • 214 29 Bloomberg [BEIJING] Investment in China's real estate market will slow in the second half this year as measures put in place earlier this year to curb speculation in luxury homes take effect, the government said. China's June real estate investment rose 21.1
      Bloomberg  -  214 words
    • 1668 29 Brought to you by HSBC M PROJECT NAME/ PROP CONTRACT TENURE BUItl-IN/lAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (SS'OOO) (S$) District 1 NON-LAND© People's Park Cplx Apt 30/05/2005 99 463 1 90 410 The Sail At Marina Bay
      1,668 words
    • 349 30  -  The strongest growth came from the business park segment By UMA SHANKARI INDUSTRIAL landlord JTC has reported a sharp increase in the net take-up of industrial space in the second quarter of this year. Net allocation of readybuilt facilities rose to 53,500 sq
      349 words
    • 833 30  -  By PAULINE NG in Kuala Lumpur @ENSTEK, the integrated township development project next to the Kuala Lumpur International Airport (KLIA) on the borders of Selangor and Negri Sembilan, has drawn a number of Singaporean executives to its site. Tyre and alloy wheels distributor YHI International
      FILE PHOTO  -  833 words
  • Page 29 Advertisements
    • 107 29 Got the right home? Now get the right home loan. Buying a house in Singapore is a heavy investment However, you can still have the freedom to live life the way you want, with HSBC home loens. Enjoy these benefits when you take up an HSBC home loan: Competitive interest
      107 words
    • 116 29 AMBER ROAD DEVELOPMENT SITE FOR SALE BY PRIVATE TREATY Prime East Coast Amber Road Contact: Investment Properties Jeremy Lake/Galven Tan W Tel: 6224 8181 6 Battery Road #32-01 Singapore *****9 CB RICHARD ELLIS Raffles a T Singapore Chinese Land 15,069 Sq ft To PIE PR 2.1, 24 storeys ji» T
      116 words
    • 15 29 Ell Sallmanns Corporate Valuation Consultancy Asia Wide Plant machinery valuations Business valuations Real estate valuations
      15 words

  • Page 30 Advertisements
    • 187 30 H 6536 5022 I 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 A&A Redevelopment possible Sole Marketing Agent: Edmund Lee at 6415 3631 9843
      187 words
    • 43 30 QUEEN ASTRID PARK Prestigious Good Class Bungalow Area Land Area 27,196 sq.ft. (approx.) Sprawling 2-storey bungalow with pool Perched at high point. Unobstructed views. Good entertainment home. ■..Move in with simple renovations or A A Sole Marketing Agent: Steven Ming at 6415 3624/*****518
      43 words