The Business Times, 4 August 2005
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2005-08-04
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The Business Times
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Title Section15 2005-08-04 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-time&asial.com.sg MICA (P) 089/03/2005 Thursday, August 4,200'15 words
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602 2005-08-04 1 ALEXANDRA HO - Tourism Board calls tender for feasibility study By ALEXANDRA HO [SINGAPORE] The Singapore Tourism Board (STB) is looking at setting up a separate entity to help it achieve the goals outlined in its Tourism 2015 vision. It has called a tender for a602 words
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Article132 2005-08-04 1 ST! 2,365.19 (-11.94) ST INDEX FUTURES 2.343.00 (-12.00) simso 281.48 (-1.42) SIMSO FUTURES ***** (-1.90) MARKETS Change KLSECOMP 952.59 +11.26 NIKKEI 225 11,981.80 +41.60 HANG SENG 15,118.50 -18.58 SET INDEX 687.94 +4.78 JAKARTA COMP 1,192.20 +2.88 MANILA COMP 1,988.14 +3.05 SEOUL COMP 1.117.11 -1.72 SHENZHEN B 230.86 +7.29132 words
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Article, Illustration455 2005-08-04 1 R SIVANITHY - It sets a base guideline of $300m in market capitalisation to help boost institutional interest By R SIVANITHY LalNiiArUnhJ The Singapore Exchange (SGX) has set a base guideline of about $300 million in market capitalisation for companies seeking to list here. "To455 words
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213 2005-08-04 1 [SINGAPORE] Voting in the presidential election will take place on Aug 27, the Prime Minister's Office announced yesterday. Candidates who wish to contest the election must be nominated on Aug 17. The nomination place is the People's Association, Stadium Link. Nomination213 words
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Page 1 Advertisements
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Advertisement10 2005-08-04 1 BizlT 70% of S'pore employers support telecommuting PG 24 810 words
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Advertisement25 2005-08-04 1 ARA Group waives jHf acquisition fee jjj|j| Celebrate Singapore's 40th birthday with The Business Times Don't miss BTs special National Day issue on August 9,200525 words
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Advertisement23 2005-08-04 1 K* THE ASIAN BRAND Tips from branding guru Joseph Baladi vyßi ■t WORKSPACE Extreme makeover in office layouts PG2B W Bp Wr V23 words
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TOP STORIES
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Article, Illustration854 2005-08-04 2 KALPANA RASHIWALA - Suntec Reit to review proposed $1 billion acquisitions By KALPANA RASHIWALA [SINGAPORE] In a move seen to be putting pressure on other Singapore Reit managers, ARA Group said yesterday it will waive the one per cent acquisition fee on future property purchases that854 words
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Article, Illustration250 2005-08-04 2 [SINGAPORE] Be recognised as one of the foremost entrepreneurs in Singapore. Network with renowned local and overseas businessmen. And hob-nob with the big names in commerce in Monte Carlo. That's what could be in store for winners of the Ernst and Young EntrepreneurARTHUR LEE - 250 words
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Article77 2005-08-04 2 IN a news agency report we carried, "Cagamas sells RM2b of its first Islamic bonds" (BT, July 29), the lead arrangers of the bond issue were incorrectly named. The joint lead arrangers and joint book runners of the issue were Corn- merce International Merchant Bankers Bhd and HSBC Bank77 words
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574 2005-08-04 2 Sale may take place at lower than expected price [MUMBAI] Malaysia's Khazanah Nasional Bhd has pulled out of the race to acquire Barings' 35 per cent stake in MphasiS-BFL amid indications that the sale could either be called off or happen at a price574 words
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Article829 2005-08-04 2 Adidas to buy Reebok in 3.1b euro deal GERMAN sports goods maker Adidas-Salomon has agreed to buy US rival Reebok in a 3.1 billion euro (556.3 billion) deal to expand its reach into Nike's home market. Adidas, No 2 in the sports goods industry behind Nike, said yesterday829 words
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Article, Illustration761 2005-08-04 3 German company goes head-to-head with American heavyweight Nike Reuters Bloomberg AP [FRANKFURT] German sports goods maker Adi-das-Salomon has agreed to buy US rival Reebok in a 3.1 billion euro (556.3 billion) deal to expand its reach into Nike's home market. Adidas,Reuters; Bloomberg; AP - 761 words
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129 2005-08-04 3 [SINGAPORE] The Impending acquisition of Reebok by rival sports goods maker Adidas-Salomon is unlikely to affect the operations of Reebok's local exclusive distributor RSH. RSH, which operates the Royal Sporting House chain, has "a long-term exclusive distribution contract with Reebok International", RSH spokesman129 words
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484 2005-08-04 3 JOYCE KOH - Accounting firm also looking to hire many more people By JOYCE KOH [SINGAPORE] Tumbling trade barriers in China and India and the continued fast growth of companies in the Asia-Pacific have enhanced the importance of Singapore for Deloitte Touch Tohmatsu.484 words
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Page 2 Advertisements
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Advertisement9 2005-08-04 2 M r 1 jijj ■■iiCTifqMmraiii«iiMii»il<gll!l^ as hi "8 pMMMN|fIMM|HH§MiH9 words
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Page 3 Advertisements
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Advertisement68 2005-08-04 3 ***** m E3 TStSS Whether It's Tampines or SAF FC, Everton or Manchester Utd placing football bets is just a phone call away. Sign up for N O wl Call 6786 6688 for enquiries. PootaCormect is a newtelephone boding service offered by Singapore Pooh. Our Customer Servtoe Centre is open68 words
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COMPANY NEWS
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436 2005-08-04 4 JEAN CHUA - Earnings compare with $10.4m loss in previous Q2; sales up almost 16% By JEAN CHUA TELECOMMUNICATIONS firm Star Hub yesterday posted its second straight quarter of profits and said it will pay out cash to shareholders every three months, starting from this436 words
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673 2005-08-04 4 JOYCE KOH - By JOYCE KOH THERE is lower confidence among listed companies that minority investors' interests are adequately protected or that market malpractices are not a significant problem in Singapore. A study conducted during the rash of corporate scandals this year also showed673 words
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Article, Illustration299 2005-08-04 4 Bloomberg SEMBCORP Logistics Ltd which stores and distributes products for customers, including Hewlett Packard Co said second quarter profit fell 42 per cent after a lack of earnings from a Swiss company that it sold last year. Profit fell toBloomberg; ARTHUR LEE - 299 words
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379 2005-08-04 4 Reuters CAPITALAND Ltd. Southeast Asia's biggest developer by assets, is set to report tomorrow its quarterly profit has jumped by a third, driven by its financial services and commercial property operations. Analysts say two divestments by the 62 per cent state-owned developerReuters - 379 words
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Article656 2005-08-04 4 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN INDONESIA is a market that offers potential and challenges to Singapore banks. Yesterday, DBS Group Holdings announced the launch of its priority banking in Jakarta aimed at wealthy customers with a minimum of US$5O,OOO or 500 million rupiah (S$85,000) in656 words
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339 2005-08-04 7 JEAN CHUA - It sells a 7.3% stake in SMRT but remains its biggest shareholder By JEAN CHUA TEMASEK Holdings, which said on Tuesday that it sold part of its stake in subway operator SMRT Corp, is seen likely to continue to trim holdings in339 words
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331 2005-08-04 7 Reuters VENTURE Corp Ltd, Singapore's second-biggest contract electronics maker, is expected to post a 20 per cent slump in quarterly net profit tomorrow, hit by a sharp fall in printer orders and stiff competition.. But Venture, which ranks behind Nasdaq-listed Flextronics International LtdReuters - 331 words
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Article, Illustration219 2005-08-04 7 EVERYBODY'S favourite Bull Run 2005 mascots have hit the town again.And this time, they have gone a-knocking on Noble Grain's doors. Noble Grain is a member of Hong Kong-based raw material merchant Noble Group, one of the first few companies to have pledged219 words
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357 2005-08-04 7 AMIT ROY CHOUDHURY - Jump in earnings helped by 79% revenue rise By AMIT ROY CHOUDHURY DMX Technologies which provides solutions and services to connect computers, cable TV and mobile phones has reported an 82 per cent jump in second quarter net profit, helped by357 words
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COMPANY BRIEFS
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101 2005-08-04 7 PLASTIC component-maker Hi-P International has reported a 1.8 per cent dip in second-quarter net profit to $21.74 million. Revenue fell 7.3 per cent to $139.61 million as business in both precision plastic injection moulding and assembly fell, especially in orders from its101 words
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72 2005-08-04 7 HEALTH services provider Asiamedic said net profit for the first six months of the year inched up 2 per cent to $591,000 from a year ago. Sales went up 5 per cent to $5.22 million. The company said it will work72 words
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129 2005-08-04 7 WASTE-MANAGEMENT company Colex Holdings has reported an 85 per cent fall in half-time net profit to $166,000 as revenue decreased 36 per cent to $12.79 million. Colex said it lost $7.42 million in turnover from the waste-disposal operation as a result129 words
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624 2005-08-04 7 Reuters [MANILA] Globe Telecom Inc, the second-largest phone firm in the Philippines, said yesterday its quarterly profit fell a worse-than-expected 68 per cent due to higher income tax provisions and foreign exchange losses. Analysts said Globe's profits in the secondReuters - 624 words
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257 2005-08-04 7 CHLOE CHOY - By CHLOE CHOY AQUA-TERRA Supply Co, a service provider in the oil, gas, marine and mining industries, yesterday posted a first half net profit of $2.8 million, up from just $27,000 in the year-ago period. This comes as revenue for the six257 words
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287 2005-08-04 7 LISA TAN - By LISA TAN IN WHAT looks like a natural partnership. Yeo Hiap Seng Ltd (YHS) and United States' The Hain Celestial Group, a natural and organic food group, are taking strategic stakes in each other. The Singapore food and beverage maker, whose287 words
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Page 4 Advertisements
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Advertisement275 2005-08-04 4 I 7 Latin Asia Biz 2005 I Bridging Partnerships 7-8 September 2005 WKHHHHKKHkWMIBSaOKfiIWWSWBp Meritus Mandarin Hotel, Singapore Wednesday, 7 September 2005 Keynote Addresses Bridging partnerships: Exploring links between Latin America and Asia World Bank J Is there a market for my product? Reaching out to mass consumers in Latin America275 words
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Advertisement34 2005-08-04 5 WM'il Jjjj^^^M 4 f rN tKnoiV' W'4^j^^^p^^''"'• Program founded produced globally by; Official Media Station: Official Newspaper Sponsor Supported by: A THE BUSWESS TIMES S |DB Cmamnsl NMIAMA Quality In Everything We Do J34 words
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SINGAPORE MARKETS
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Article, Illustration458 2005-08-04 6 R SIVANITHY - STOCKS Up-down reversals occur among ST Index and most blue chips R SIVANITHY Senior Correspondent ALL sorts of reversals occurred yesterday, starting with the Straits Times Index which first almost broke through the 2,400-mark when it jumped 22 points in morning trades to 2,399 butSource: Bloomberg - 458 words
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Article, Illustration725 2005-08-04 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Aug 3 and earlier) Subsantial No of Price SHAREHOtWNG Shareholder Buy I Shares Per Before After Stock Trans Date Director SeR '000 Shr S °0°) ffW Venture Corp 3-Aug-05 Tan Choon Huat OE 500 8.05 3028 1.13 3528 1.31 Bukit Semb725 words
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97 2005-08-04 6 Jardine C&C raises stake in subsidiary Astra to 50.11 JARDINE Cycle Carriage has raised its stake in Indonesian car distributor PT Astra International from 50.09 per cent to 50.11 per cent after buying about 1.14 million shares on the open market on Tuesday atabout 13,268 rupiah per share. The total97 words
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84 2005-08-04 6 JEAN CHUA - Compiled by JEAN CHUA VENTURE Corp executive director Tan Choon Huat has raised his direct stake in the electronics manufacturing services company to 0.2564 per cent from 0.0706 per cent after exercising options at $8.05 each. Mr Tan now directly owns 690,000 shares, up84 words
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Article, Illustration926 2005-08-04 6 JOYCE KOH - by JOYCE KOH Fibrechem Technologies August 3 dose; $0,665 MERRILL LYNCH, August 2 WE expect Fibrechem to beat FYOS RCPS target of HK$lBO million (Ss3B million). Fibrechem has already Achieved IHOS earnings of HKs*ro million. We expect a stronger showifig in 2H05, driven by the upgrade of proj}uctjpnSource: Bloomberg - 926 words
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Article, Illustration338 2005-08-04 6 CURRENCIES AFP [TOKYO] The dollar was firmer in Asian trade yesterday amid market caution over the political situation in Japan and ahead of a key US employment report, dealers said. The dollar was lifted briefly overnight on Commerce Department figures showing USAFP; BLOOMBERG - 338 words
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Page 7 Advertisements
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Advertisement238 2005-08-04 7 I GLORY SHIP I MANAGEMENT PTE LTD I We invite suitably qualtfied and experienced 1 personnel for the following appointment I Insurance/Claims Section I Essential working knowledge and experience in handling P I and H M claims/matters I Ability to work independently and to liaise with P I Clubs, H238 words
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SINGAPORE NEWS
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378 2005-08-04 8 UMA SHANKARI - But there will be severe talent shortage and high staff turnover By UMA SHANKARI MOST Singapore companies in the marketing, communications and creative industries expect to see a rise in revenues, wages and employee strength, a regional study has found. The study was378 words
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372 2005-08-04 8 CHLOE CHOY - By CHLOE CHOY AS the world economy continues to evolve rapidly, Singapore workers must take frequent job changes in their stride and be quick to learn and adapt, National Trades Union Congress Secretary-General Lim Boon Heng said yesterday. Younger people are likely to cope372 words
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368 2005-08-04 8 SAMUEL EE - By SAMUEL EE ASEAN will get a third of Yamaha Motor's planned 210 billion yen (Ss3.l billion) investment over the next three years as regional demand for the company's motorcycles grows rapidly. Yamaha Motor Co is celebrating its 50th anniversary this year368 words
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Article, Illustration493 2005-08-04 8 NANDE KHIN - By NANDE KHIN ASIA, excluding Japan, may have very few great brands of the likes of CocaCola or Apple, but the potential for the creation of such great Asian brands cannot be "overstated", according to branding guru Joseph Baladi. However, he saidCHRIS LOH - 493 words
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254 2005-08-04 8 The premium for a big car COE slipped yesterday after recent price hikes for Category B models led to what is said to be a subsequent dip in demand. Motor traders said that new car prices in Cat B for cars254 words
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Article, Illustration335 2005-08-04 8 WEE LI-EN - By WEE LI-EN GOOD corporate governance principles enabled Zulkifli Baharudin to transform Mercy Relief from a small humanitarian outfit with less than a thousand volunteers and a presence in five countries, to an internationally recognised organisation with 3,000 volunteers and a presence in 13335 words
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Page 8 Advertisements
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Advertisement1391 2005-08-04 8 Deutsche Bank m DEUTSCHE BANK AG, ACTING THROUGH ITS LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS To (1) ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED INDEX CALL WARRANTS RELATING TO THE HANG SENG INDEX ISSUED BY DEUTSCHE BANK AG, ACTING THROUGH ITS1,391 words
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FOCUS: MANUFACTURING
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Article, Illustration870 2005-08-04 9 WEE LI-EN - Firms should rethink their business models as a step towards drawing much-needed investment, reports WEE LI-EN WEE LI-EN SINGAPORE'S biomedical sector is on a roll as far as the pharmaceutical and medical technology sectors are concerned. The goal set in mid--2000 to double the industry's manufacturing output toBLOOMBERG - 870 words
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Article5031 2005-08-04 9 UNIT TRUSTS FUNDS Pan-Europe Equity Find 1.27/ CitiSelect Asa Tilt Balanced 1.43/ CitiSelect Asa Tilt Growth 1.4/ ABM AmroAsiet Mgt (S port) CitiSelect Asia Tit Ml Gflh 133/ Star Europe Eqty! 0828/ CitiSetea Global Growth 1.15/ Star Eirope Bond 21» Citi Global Healthcare Find 0.98/ Star Europe 13W 06 Gb5,031 words
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ECONOMY WATCH
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Article, Illustration562 2005-08-04 10 It says move violates principle of free trade, spirit of liberalisation Bloomberg [BEIJING] CHINA "strongly opposes" a US decision to consider limits on imports of five textile products including socks and skirts, saying the move encourages abuse of the industry's special restrictive measures.Bloomberg; REUTERS - 562 words
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427 2005-08-04 10 Bloomberg [NEW YORK] China may revalue its currency again as soon as September to avoid criticism that it hasn't done enough to allow the yuan to appreciate, according to currency strategists at Merrill Lynch Co. September is important because that isBloomberg - 427 words
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458 2005-08-04 10 Trade numbers could help Malaysia attain its 6% growth target this year Bloomberg [KUALA LUMPUR] Malaysia's exports unexpectedly accelerated in June, boosted by US demand for electronics such as semiconductors and higher oil shipments to China. Exports rose 11.7 per cent toBloomberg - 458 words
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306 2005-08-04 10 Bloomberg [LONDON] China will allow domestic companies to retain more of their income in foreign currencies, further easing restrictions on the yuan. "It's one more step along the gradual path to an open-market economy," said Marvin Barth, a currency strategist at CitigroupBloomberg - 306 words
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Page 10 Advertisements
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Advertisement242 2005-08-04 10 Singapore Indian Chamber of Commerce Industry Wishes Singapore a 'Very Happy 40 th National Day'! Organized By Main Sponsor INEMAfTcHAMBER Q DRS OF COMMERCE W INDUSTRY SICCI DBS Singapore Indian Entrepreneur Awards 2005 The Indian Business community in Singapore has always taken great pride of its entrepreneurial spirit and drive242 words
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Advertisement650 2005-08-04 10 ||^^Uol^e^M^8^82^^mail^otices@sp^o«^^ 0 ftMCQUAME MACQUARIE BANK LIMITED (ABN 46 008 583 542) (Incorporated under the laws of Australia) NOTICE TO WARRANTHOLDERS To: ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARtS OF NOBLE GROUP LIMITED ISSUED BY MACQUARIE BANK LIMITED (NOBLE GROUP MBL ECW*****9) Notice is650 words
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Advertisement21 2005-08-04 10 4 I Personal trainer, anyone? Weigh up your fitness instruction options in Class 29 today! Buy It Sen It Find It21 words
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MALAYSIA/INDONESIA
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Article, Illustration446 2005-08-04 11 SHOEB KAGDA - Temasek may have been main buyer of 10.5% stake sold at a small discount By SHOEB KAGDA in Jakarta IN a move that would help plug a ballooning budget deficit, Indonesia has raised 2.68 trillion rupiah (***** million) from selling its 10.5 perBLOOMBERG - 446 words
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Article2363 2005-08-04 11 VOL General Corp 0.46 0.01 117 Af 3 KM *1- rOOO) Genting 3030 0.30 1014 George Kent .0.61 unch 171 A M Realty 1.44 unch 1 GHL Systems 0.21 0.01 507 Abric .0.40 0.02 64 Globetronics Tech 0.39 0.01 907 ACP Industries .0.71 0.01 166 GkxnacBhd 1.64 02,363 words
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469 2005-08-04 11 PAULINE NG - By PAULINE NG in Kuala Lumpur MALAYSIA'S fledgling real estate investment trust (Reit) sector received a boost yesterday following the impressive debut of Ax-is-Reit on Bursa Malaysia. Axis-Reit, the country's first Reit to list since more incentives were introduced in September, finished the day469 words
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145 2005-08-04 11 [KUALA LUMPUR] After having been courted by Temasek Holdings Pte Ltd for more than half a year, home-grown banker Bridget Lai will take up the challenge as the new chief executive director of Alliance Bank Bhd effective Sept 1, the Star reported145 words
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Page 11 Advertisements
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Advertisement215 2005-08-04 11 w ■K Hire yourself a Tiger, or Heineken if that's your brew of choice, at only $s++ per glass and $20++ per jug. This promotion is available all month in August from 3pm to Bpm on weekdays and all day on weekends and public holidays r Diners Club Card r»^V«i64i6o9Bo215 words
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Advertisement84 2005-08-04 11 We are celebrating our 20 th birthday with a NEW LOOK. Just in time for its 20th anniversary, a freshly refurbished Club 5 is now open. If nostalgia is your thing, dancing is your scene and you like your music with a drink, a 20-years-young Club 5 is where you84 words
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GREATER CHINA/INDIA
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Article, Illustration520 2005-08-04 12 END OF A BID Reuters [HONG KONGI CNOOC Ltd's shares rose and its bond spreads tightened yesterday amid investor relief that the Chinese oil firm pulled the plug on its US$lB.5 billion bid for US producer Unocal Corporation. Investors, who had worried thatReuters; Source: The companies; Telerate, Bloomberg ,AP - 520 words
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357 2005-08-04 12 CNOOC's defeat on Unocal follows Minmetals, Haier [LONDON] When he launched CNOOC's bid for Unocal, Fu Chengyu, the Chinese company's chairman and chief executive, said the outcome of the offer would make him "a hero or a martyr". After Tuesday's withdrawal357 words
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Article243 2005-08-04 12 Bloomberg [NEW DELHI] Reliance Industries Ltd. India's biggest non-government company, plans to spend 250 billion rupees (559.53 billion) to double the capacity of its oil refinery, making the plant the world's largest The Jamnagar refinery in western India would be able to process 1.2 millionBloomberg - 243 words
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492 2005-08-04 12 i-flex shares rise 7.5% on news of the deal valued at US$909m Reuters. Bloomberg [BANGALORE] Shares in Indian banking software firm i-flex Solutions Ltd leapt yesterday beyond the price offered by Oracle Corp to take control, prompting speculation the US giant will haveReuters.; Bloomberg - 492 words
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Page 12 Advertisements
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Advertisement217 2005-08-04 12 Our Panel of Connoisseurs is delighted to Present The Legendary 1978 Vintage of Rhone Plus Stars from Italy, Germany, Spain, New Zealand, Australia 25 Benchmark Wines FRANCE Chateau Beychevelle, Domaine de Vallouit (Etienne Guigal) J Moreau GERMANY Selbach-Oster, ITALY Antinori (Prunotto), Bersano Banfi SPAIN Finca Allende Vina Abali LEBANON Chateau217 words
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Advertisement807 2005-08-04 12 1 -I IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LINK ELECTRONICS (S) PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****4838Z Extract of the minutes at the Extraordinary General Meeting of members of Link Electronics (S) Pie Ltd convened and held at807 words
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Advertisement209 2005-08-04 12 In the Matter of The Companies Act, Cap 50 And In the Matter of MEDITEC ELECTRONICS PTE. LTD. (In Members' Voluntary Liquidation) (Co Reg No *****0666R) NOTICE QF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 306 of the Companies Act, Cap. 50. the Final Meeting of the209 words
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ASIA-PACIFIC/WORLD
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Article, Illustration746 2005-08-04 13 ANTHONY ROWLEY - JAPAN INSIGHT Simply selling off Japan's much-loved postal network isn't a sensible move in reforming the country's financial system ANTHONY ROWLEY Tokyo Correspondent THATCHERISM has finally arrived in Japan in the shape of the planned postal system privatisation some 20 years after it wasREUTERS - 746 words
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379 2005-08-04 13 Corporations agree on US$2.4b payments in separate cases Reuters. NYT [NEW YORK] Two large North American corporations at the centre of accounting rows will shell out billions of dollars to resolve court cases. The companies will record those hefty sums as a chargeReuters.; NYT - 379 words
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WORLD WATCH
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81 2005-08-04 13 Reuters [KUALA LUMPUR] Malaysia closed the book yesterday on one of its ugliest political episodes when a former chief of police apologised for beating former deputy premiorAnwar Ibrahim and giving him a black eye seven years ago. In return for the apology aftd anReuters - 81 words
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66 2005-08-04 13 Bloomberg [KUALA LUMPUR] 101 Corp, Malaysia's largest oil-palm plantation group, plans to spend 872.7 million ringgit (*****.4 million) to buy the rest of its processing unit, part of a reorganisation to improve earnings. 101 offered to buy the remaining 39 perBloomberg - 66 words
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87 2005-08-04 13 Reuters [KUALA LUMPUR] Malaysian fast-food chain KFC Holdings (Malaysia) Bhd said on Tuesday it had nullified the employment contract of its group managing director. KFC, which has the KFC and Pizza Hut franchises in Malaysia and Singapore and the KFC franchise in Brunei, had suspendedReuters - 87 words
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81 2005-08-04 13 Bloomberg [NEW YORK] July sales at US services companies remained close to the three-month high reached in June, suggesting growth may accelerate in the second half of the year. The Institute for Supply Management's measure of financial services, retail trade and otherBloomberg - 81 words
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71 2005-08-04 13 Reuters [HONG KONG] Bank of East Asia Ltd (BEA), Hong Kong's fifth-largest lender by assets, said yesterday that its first-half profit rose 20 per cent on trading gains and the sale of securities and a property. BEA said it earned HK$ 1.18Reuters - 71 words
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57 2005-08-04 13 AP [KUALA LUMPUR] Khazanah Nasional Bhd, Malaysia's state-owned investment firm, said yesterday it agreed to buy a 13.2 per cent stake in India's Apollo Hospitals Enterprise Ltd for U5544.23 million. Khazanah said it bought 5.5 million shares in Apollo, India's largest private hospitalAP - 57 words
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Article, Illustration262 2005-08-04 13 Reuters [BANGKOK] Thailand's new finance minister, Thanong Bidaya, is best known as the man who decided to devalue the baht back in July 1997, triggering the Asian economic crisis. But his return to the finance portfolio yesterday, as Prime Minister Thaksin Shinawatra replaces one trusted aideReuters; REUTERS - 262 words
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273 2005-08-04 13 Reuters [NEW YORK] Arthur Andersen LLP, the now defunct auditor, has agreed to pay US$25 million to settle a lawsuit brought by investors over its role in the collapse of telecommunications network provider Global Crossing Ltd, lawyers for the plaintiffs said yesterday. Meanwhile,Reuters - 273 words
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244 2005-08-04 13 AP [DENVER] Scientists for the first time have cloned a dog. But don't count on a better world populated by identical, well-behaved canines just yet. That's because the dog duplicated by South Korea's cloning pioneer, Hwang Woo Suk, is an Afghan hound, a resplendentAP - 244 words
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Page 13 Advertisements
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Advertisement72 2005-08-04 13 Jjf HOWARDS 9 ■M:-' STORAGE EH vS WORLD' B RETAIL FRANCHISE H OPPORTUNITY M Howards Storage World® is an Australian concept specialty retailer selling an exciting and innovative range of storage and organisational products for the home and office. Singapore's flagship store opened in January 2005. WE NOW SEEK FRANCHISEES72 words
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AVIATION
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Article, Illustration550 2005-08-04 14 Plane was last to land before airport was closed because of thunderstorm Bloomberg [PARIS] Air France-KLM group chief executive JeanCyril Spinetta said excess water on a runway at a Toronto airport may have caused an Air France jet to skidBloomberg; REUTERS - 550 words
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352 2005-08-04 14 AP [WELLINGTON] Australian cut-price carrier Jetstar started selling discounted tickets on its new route to New Zealand yesterday, a move that is sparking a fare war with other budget airlines. Jetstar, owned by Qantas Airways Ltd, is selling 39,000 cut-price seats onAP - 352 words
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Article, Illustration313 2005-08-04 14 AFP. Reuters [SINGAPORE] DHL said yesterday that its Asia Pacific revenues grew 19 per cent to 1.9 billion euros (Ss3.B billion) in the Janu-ary-June period from a year ago, making it the fast-est-growing region for the logistics giant. Senior DHL executives were confident revenues fromAFP.; Reuters; AFP - 313 words
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126 2005-08-04 14 Reuters [TAIPEI] Taiwan will allow its airlines to seek permission from China to use its airspace to reduce flying time and cut soaring fuel costs, Premier Frank Hsieh was quoted as saying yesterday. Taiwan has so far banned its carriers from flying over mainlandReuters - 126 words
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228 2005-08-04 14 AFP [HONG KONG] Hong Kong Express, chaired by Macau casino tycoon Stanley Ho, launched the city's first executive airline yesterday with its main target the lucrative Chinese market. The airline, formerly Helicopters Hong Kong and of which Mr Ho is one of the mainAFP - 228 words
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Article1807 2005-08-04 14 cmr mar ha hjut rre ba7»2 gis .-iii-i- maf,, ,4.c i t<nM V) 1K Darao MIS66 192S R 0905 gS!S!? cftiii unft IC8S7 102S SQ406 18SS Amitfrtim —AZ3993 2255 DwipwariaH 1145 5cjvj6 0935 Ma 5M47 0555 Dhakj SQ43S~5S'S5" SQ436 2030 3m 021S SO*1 m Iff ffg?1,807 words
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Page 14 Miscellaneous
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Miscellaneous210 2005-08-04 14 CRYPTIC CROSSWORD DOWN 1 Heads north having doled out workers (7) YESTERDAY'S SOLUTION last of supplies (7) 14 Discharges oriental delega- Across: 1 Role models, BGo on, 9 2 Dragged along to get married! trans (9) Bombardier, 11 Dianne, 12 Buckler, (5) 15 Troubles enveloping united Is- 15 Snar up<210 words
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SHIPPING
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Article, Illustration753 2005-08-04 15 DONALD URQUHART - London marine underwriters yield to pressure to explain to industry By DONALD URQUHART [SINGAPORE] Mounting global pressure on London marine underwriters, who included the Malacca Strait as a war and terrorism risk, has led the Lloyd's Market Association's Joint War Committee753 words
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Article294 2005-08-04 15 SGX '000 Aug 3 St Vol CH Offshore 0.41 -0.01 3288 ChuanHup 0.92 -0.03 ***** Cosco Corporation 2.47 0.03 ***** CWT Distribution 0.69 0.01 22 Ezra Hldgs 1.39 -0.02 2993 Freight Links 0.08 unch 181 Grand Banks Yacht 0.94 unch 5 Java Holdings 1.19 0.03 2789 K1 Venture294 words
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Article, Illustration716 2005-08-04 15 GEORGE JOSEPH - By GEORGE JOSEPH [SINGAPORE] It's a little known fact President S R Nathan was a seamen's welfare officer during his early working years and deftly guided the forming of the first seamen's trade union here. Singapore's pioneering efforts to train people to.FILE PHOTO - 716 words
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347 2005-08-04 15 Reuters [AMSTERDAM] Dutch container shipper P&O Nedlloyd, which is being taken over by Denmark's AP Moeller-Maersk, reported first-half operating profit nearly doubled to US$2l3 million due to higher freight rates. A year ago, first-half operating profit was US$lll million, adjusted for one-off items relatedReuters - 347 words
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290 2005-08-04 15 Bloomberg [SINGAPORE] Cosco Corp Singapore Ltd, a ship repair and bulk carrier unit of China's largest shipping company, said it will repair more oil rigs, tankers and vessels that have higher margins, cutting its dependence on bulk carriers. Revenue from conversion of oil rigs, tankersBloomberg - 290 words
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Article194 2005-08-04 15 Bernama [SHAH ALAM] Malaysian shipbuilder, NGV Tech Sdn Bhd, has secured a contract worth about RM6.B million (Ss3 million) to build two passenger vessels for the Union Territory of Lakshadweep Administration Kavaratty in India. NGV Tech corporate adviser Tan Sri Mohd Jamil Johari said theBernama - 194 words
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Advertisement1270 2005-08-04 15 M KHONG GUAN FLOUR MILLING LIMITED (Company Regn. No. *****0096Q) (Incorporated in (he Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of KHONG GUAN FLOUR MILLING LIMITED will be held at its registered office at 2 MacTaggart Road (Level 3), Singapore1,270 words
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EDITORIAL & OPINION
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Article, Illustration485 2005-08-04 16 EDITORIAL OSTENSIBLY, the new Competition Commission of Singapore (CCS) has its work cut out. After all, it's probably something of a curious quirk that an economy long rated among the world's as more "free" and competitive has only recently after a few years of groundwork gotAP - 485 words
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Article, Illustration771 2005-08-04 16 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group WE in the news business often miss big stories because they aren't announced by a corpse, scandal, invasion or controversy. One important story we're missing today is the absence of sharplyThe Washington Post Writers Group - 771 words
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Article, Illustration982 2005-08-04 16 MIKE DOLAN - Strength of greenback will only add to its trade, current account deficits By MIKE DOLAN Reuters FOR,all the debate about China's currency regime, world policy-makers may be overlooking the dollar's broad-based rise this year and the negative impact this will have on gapingReuters; AP - 982 words
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Article, Illustration1269 2005-08-04 17 KEITH BRADSHER - CNOOC's decision to abort its Unocal bid may end up helping less politicised deals involving China firms By KEITH BRADSHER NYT JUST as a tactical retreat is sometimes useful in winning broader battles, as Sun Tzu wrote 2,500 years ago, the withdrawal of CNOOCNYT; AFP - 1,269 words
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539 2005-08-04 17 Leow Cheng Boon, Singapore - Leow Cheng Boon, Singapore I WAS delighted by Ho Ching's speech at the Mapletree Logistics Trust dinner. A huge opportunity is emerging for Singapore and Asia as a result of a confluence of events globally, and I would like to highlight external events that have539 words
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211 2005-08-04 17 Yeo See Kiat - LETTERS TO THE EDITOR Yeo See Kiat Acting CEO For and on behalf of ARA Trust Management (Suntec) Limited WE refer to the article "Suntec Reit's proposed $1 billion acquisitions may not fly" (BT, July 30) by Kalpana Rashiwala. We wish to highlight211 words
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651 2005-08-04 17 Tan Kok Tim Singapore - Tan Kok Tim Singapore A US-led Asia-Pacific accord on spreading technology to fight global warming was signed by six countries Australia, China, India, Japan, South Korea and the US on July 28. The pact is non-binding and the details will be651 words
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Article, Illustration485 2005-08-04 17 SEBASTIAN MALLABY - By SEBASTIAN MALLABY The Washington Post WHEN it comes to economic policy, George W Bush has all the luck. He's like a drunk who wanders across a six-lane highway and somehow never quite gets smushed. First Mr Bush proposed enormous tax cuts to shore up his conservativeThe Washington Post - 485 words
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Article10341 2005-08-04 18 SGX MAINBOARP 52-Wk Td Last Vol Day LastQuoU GrOiv Mv GrVM Net MCap High Low Code Company Salt +<- COM) High Low Buyer Sailer Cvr WE SnJI 10 3 5716 1st Software 5c 3 unch 916 3.5 3 3 3.5 12.1 33 11 3148 8TelecomUS2c 11.5 -0.5 414610,341 words
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Article6374 2005-08-04 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tool COT lo 55 In U55 dy %*f dy yt dy %yf Aug 2 Index Change Change Change Change Change Change World India Preliminary 910.2 OA 03 J5 25 EAtt Preiimingy 856.9 0.5 109 04 25 0.7 14 Europe Preliminary 1200.2 07 1336,374 words
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Advertisement921 2005-08-04 20 NYK GROUP SOUTH ASIA PTE LTD V -1\ vryy Dnnrdc TEL *****123 WrtfeJ AwP Jim LINE Fax:6292 2856(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) NIPPON YUSEN KAISHA TOKYO VMXU MUSHA. UO (C/R NO' **********0E) SEIh/^\L/ih/E$ Ud Mean Anson House Singapore *****1 Webshef wvm.MMloHiiwu«n I Europe NCX-Sun Hmtomwrnt EMA lue Vwml CW« V»tW>. Shwin »It«rJ—921 words
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Advertisement500 2005-08-04 20 p] DONGNAMA LINE COHTAINIBIIP SWVICI vfssaffvorrwDi vor |scp hkg mc pus MtXatOWN 508N 10/ M 14/ M 19/08 22/08 MIXMU SOON 17/01 11/ M 26/08 29/08 vtssa (mmr sao voy sgp hkg diva tmm tbumnau TS OSAKA SlOOO 06/08 10/ M IS HONGKONG SUN 11/ M 17/08 vßsaffvarrsuN) voy [~scp500 words
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Advertisement761 2005-08-04 20 lINTOAIIA KORO SMVtCI VBSa/VOT MMPOO) HBGHTpj) IKG KCH K» I SM I AT SnUUTSVEMTUtt 15/05 15 3.2 72/07 25/07 28/07 02/00 STVAITS VENTUKEI4/05 IS 3.2 05/00 11/00 14/08 16/08 I Slum YDmitt 17/05 15 3.2 18/08 21/08 25/08 28/08 30/08 [mihkaham me>nt\ mwi I muiuu wmmwwim j vKsa/voT umm hbghtw761 words
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Advertisement1179 2005-08-04 21 —h. m bu, o ,ud ,o m HAMBURG^j£UD AUSE SERVKE (EXPORT) ETA SSk SINGAPORE —tTtMirr mnnm» umum SINGAPORE HISBAJK STBIKT MEUOURNf APtIAIM CSCL XIAMEU 0082S 05/01 15/01 17/08 20/04 23/04 CSCL XUMtW POMS 02/09 12/W 14/09 17/09 20/09 SCOTOOMS 12/oe 22/08 ?vm 27/08 M/O» stomwis w/w 19/09 2i/w 24/09 27/w1,179 words
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Advertisement1109 2005-08-04 21 VESSa VOY SIN PKG InoiDFHGATF ISIIN I 9/8 I 10/8 1 17/8 1-I -1 PCTtH BRIDGE 6ftiA ~~WT 13ft GOLDEN TIRADE 511N 16/8 I 17/5 19/8 NEW DYNAMIC 093 A M 20/8 I CAPE SANTIAGO IOO4N I ?3/B I 24/8 176 8 I I ~1~ 1 I I I •C*g«6-<ms»n1,109 words
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Advertisement922 2005-08-04 21 m g><sas& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS I VESSEL VOT I SIN 1 P.KLANG I COLOMBO IN. SHEVA I COLOMBO I BAY BRIDGE I 0010W 111 JUL 112 JUL 1 15 JUL 1 18 JUL I 21 JUL 1 jujivGANPHI 1 009SW922 words
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THE BUSINESS TIMES SHIPPING TIMES
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8079 2005-08-04 22 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Atfverttaer VaseI Voyy Tilipbum SIN Dest'n Name Name Number Number SIN Desfn Name Name Number Number To ALOTAU (GUR) 2465 Papua New Guinea To ABIDJAN (ABJ) 2003 Cote D'lvoire n/09 28/09 ngpi changsha 0«i *****288 13/088,079 words
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Advertisement746 2005-08-04 22 \RMAW WALLENIUS WILHELMSEN website: http://www.2wglobol.com VESSEL LK Hm~ HOW "hi* SAY Ml OtF NYC WW *01 UMESIS AFS2O 3201 MM 6.4 M I OS/OS 30/08 08/09 12/09 16/09 14/09 ALYONA AJSO6 60Toas 5.3 M I 10/01 20/09 21/09 24/09 24/09 TOM AFS2I 4001 MS 6.30 M 17/00 11/09 20/09 24/09746 words
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Advertisement1041 2005-08-04 22 VtSSil VOT SM PGM VBSa VOT m JKT PAC PANDA 152 M 05/08 05/01 rttMMTMt 1310 ""06/08 09/00 PACBANPA 1529* 06/08 07/01 ftCf*" JJ3 ff/M 12/00 Of 2301 0156P 06/ M 07/01 PACHCTAM 9311 U/OS_ lt/00 MCMNPA HM 07/08 fiSZ9C_ -5L230J filiZE MM */H |11 V' 1 PACBANDA S3 IN1,041 words
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Advertisement504 2005-08-04 22 i BSA ik. MYANMA IBM FIVE STAR UNE (Myomar National Um) Loading far Ym|m VESSEL VOY SIN PKL PEN PGII PAGAN 348W SID PAGAN 349W SID IN MALAYSIA: 80USTEAD SHIPPING AGENCIES KUI/PKL 03-300St3M PEN: 04-*****1S ACCEPTING CONVEHTIOMAL C6O VESSEL VOY HKG SIN PGU PU KUC SUNNY HURT 73 SID SU>504 words
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BizIT
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Article, Illustration693 2005-08-04 24 AMIT ROY CHOUDHURY - Majority in IDC survey also feel staff won't misuse privilege and that their productivity would increase, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY A MAJORITY of Singapore employers feel that allowing workers to telecommute that is, work from locations outside the office will not693 words
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Article, Illustration230 2005-08-04 24 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY MICROSOFT Corp has appointed Barney Lau, 39, as its new Singapore managing director effective from the beginning of this month. Mr Lau, who was previously director, small and mid-market solutions and partners, Microsoft Singapore, takes over from Andy230 words
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Article, Illustration306 2005-08-04 25 RACHEL LIN - By RACHEL LIN IN the cut-throat world of the digital camera market, Samsung has had a flash of inspiration. By launching a new range of nine sleek, sexy and power-packed digital cameras, the electronics and telecommunications company hopes to secure 20 per cent of306 words
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Article, Illustration600 2005-08-04 25 ROLAND LIM - UPS's business in Asia growing at double-digit rates, says COO By ROLAND LIM in Hong Kong FAST-GROWING international shipment volumes, driven by strong growth in China, have helped logistics giant UPS hit record revenues. And a commitment to developing cutting-edge solutions such as600 words
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Advertisement133 2005-08-04 24 THE RESILIENT INFRASTRUCTURE: A GUIDE FOR THE FEARLESS. Rlw BlW' V, For today's enterprise, the only constant is change. Keeping up with change Is the ultimate challenge for a business faced with an endless series of paradoxes: making information both secure and available; being reactive and proactive simultaneously; responding quickly133 words
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Advertisement9 2005-08-04 24 UPS counts on China growth, new technology PG 259 words
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Advertisement1012 2005-08-04 25 However, one hurdle ClOs face in addressing flexibility, mitigated risks and lower costs, customers aims at simplifying technology and creating technology needs is choosing the right solutions and are able to reap higher returns on their technology products and services that give customers seryke# jh e number of technology vendors1,012 words
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PROPERTY
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Article, Illustration435 2005-08-04 26 Falling interest rates, rising property prices key demand drivers Bloomberg [NEW YORK] The sale of debt backed by commercial real estate is at a record pace, bolstered by falling interest rates and rising property prices, according to Moody's Investors Service. IssuanceBloomberg; AP - 435 words
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130 2005-08-04 26 Reuters [SAN FRANCISCO] CB Richard Ellis Group, the largest US real estate services and brokerage company, posted a 22 per cent rise in quarterly sales and a surge in quarterly profit amid a healthy real estate market. The company on Tuesday reported aReuters - 130 words
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267 2005-08-04 27 Result of continued interest rate increases by banks [HONG KONG] The number of property deals in Hong Kong fell in July compared with June as Hong Kong banks continued to raise interest rates, government figures showed on Tuesday. The number of property267 words
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241 2005-08-04 27 Reuters [SEOUL] South Korean house prices rose for the second consecutive month in the year through July, data from the country's largest mortgage lender showed. House prices climbed 1.5 per cent in the 12 months to July, accelerating from a 0.4 perReuters - 241 words
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1531 2005-08-04 27 PROJECT NAME/ PROP CONTRACT TENURE BUHHN/LAND PRICE PSF STREET NAME TYPE DATE AR£A*(SQFI) (SS'OOO) (SS) Dbtrfctl NON-LANDED Ihe Sal At Marina Bay Apt 13KW2005 99 1184 13S6 1145 The Sal At Mare Bay Apt 12/07/2005 99 1184 1350 1140 DbtflctS N0N4ANDED1,531 words
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228 2005-08-04 27 Bloomberg [SYDNEY] Australand Property Group, Australia's fourth-biggest real estate developer, says it plans to raise as much as As2so million (Ss3ls million) selling new securities to buy two property funds it manages. The company will issue 2 million preferred shares for Asloo apiece,Bloomberg - 228 words
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148 2005-08-04 27 Bloomberg [SYDNEY] Macquarie Leisure Trust, an Australian real estate investment trust that owns entertainment properties, plans to develop a regional shopping mall adjacent to its Dreamworld Theme Park on Queensland's Gold Coast. Citywalk at Coomera is expected to be completed by 2008, andBloomberg - 148 words
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Advertisement42 2005-08-04 26 B-* m JHmbbv Organised by Presented by I Mr Zulkifli Baharudin HSBC<S For his sterling leadership in steering humanitarian relief efforts I\A j I Amanah I that give new hope to mankind and put Singapore on the world map. I JI I42 words
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Advertisement78 2005-08-04 26 approx. 7500 sq ft tmmmm FOR SALE QUEEN ASTRID PARK 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 For more information or viewing, please call Steven Ming at *****518 [iTinn Lianhe78 words
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Advertisement41 2005-08-04 27 HDB Centre Jalan Bukit Merah jjL o Outside CBD, central location Jj» Mount Faber view 10,000 -16,000 sq ft per fHsSSS-l floor, sub-divisible 'Accessible via CTE/ECP/AYE «jjjj 1 Shuttle bus to and fro HHs? izMjjE Tiong Bahru MRT station Available immediately41 words
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Advertisement68 2005-08-04 27 LOOKING FOR INVESTORS! USD3O MILLION PROJECT! FIRST ONLY RESORT IN BALIKPAPAN Don't miss this ran investment opportunity: B UjjL |||Jkh| Great sea view with complete facilities like: unique gotf driving range, convention centre, dub house, marina bay, Easy access to town in only 10 min Tight security and total privacy68 words
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Advertisement75 2005-08-04 27 Residential Redevelopment Site in District 15 Gracious Mansions Jalan Rendang 1 T 1 Freehold Site area: 3,180.8 sq m (34,238 sq ft) V •Residential Plot Ratio 1.4 Century 1* |E CHIJ I Within 100 m to Tao Nan School Near to Parkway Parade and East Coast Park Foreigners efigbte to75 words
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WORKSPACE
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Article, Illustration669 2005-08-04 28 ARTHUR SIM - Designs now factor in changing dynamics in shared space, politics and even morale, reports ARTHUR SIM ARTHUR SIM THE Starbucks around the corner holds a wealth of design solutions for the office, says Stephen Tsou of corporate office interior designer MMoser. Mr Tsou is senior669 words
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Article, Illustration271 2005-08-04 28 ♦Make sure the building of your choice can support your office functions. Technology rooms usually need to be designed for more loading and may even require additional generators or cooling systems. A company's facilities manager may not understand this, so check with your design consultants271 words
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Advertisement19 2005-08-04 28 Property Developer: One Raffles Quay Pte Ltd Co. Registration No. *****1576E Website: www.orq.com.sg a jcnt Development By: |> Vi'( ill19 words
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Advertisement13 2005-08-04 28 A swiM on woilcspaco brought to you by __ONE raffles The Logical Move13 words
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