The Business Times, 12 August 2005

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES Friday, August 12,2005 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005
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  • 659 1  -  Deputy PM says there's urgent need for bold reforms By CHEN HUIFEN [SINGAPORE) The budget for public sector R&D could more than double to almost $12 billion over the next five years, as part of a strategy for transforming Singapore into a knowledgebased
    659 words
  • 724 1  -  By JEAN CHUA [SINGAPORE] Creative Technology, perhaps the best-known Singapore name among global tech stocks, has run up its first quarterly loss in almost three years. Yesterday, the company reported a loss of US$3l.9 million for the three months to June 30,
    Source: Bloomberg  -  724 words
  • 139 1 ST! 2,305.97 (-32.52) ST INDEX FUTURES 2.298.00 (-27.00) siMsa 273.17 (-4.75) SIMSa FUTURES 272.90 (-3.60) MARKETS Thursday Change KLSECOMP 936.05 -3.43 NIKKEI 225 12,263.32 +165.24 HANG SENG 15,445.20 +98.79 SET INDEX 681.95 -2.64 JAKARTA COMP 1.167.97 -8J7 MANILA COMP 2,023.70 +13.29 SEOUL COMP 1,123.77 +18.91 SHENZHEN B 239.25
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  • TOP STORIES
    • 507 2  -  But it says deal for the 11 properties is legally binding By ALEXANDRA HO ISINGAPORE] City Developments' executive chairman Kwek Leng Beng said yesterday that he is willing to negotiate with Suntec Real •Estate Investment Trust on the deal to sell it 11 of
      507 words
    • 914 2  -  Presidential hopeful disputes their claims By CHEN HUIFEN [SINGAPORE] JTC Corp and Hyflux Ltd, where presidential hopeful Andrew Kuan used to hold senior positions, yesterday expressed disappointment at having hired him. JTC, which employed Mr Kuan as chief financial officer before he joined Hyflux,
      EDWIN KOO/ST  -  914 words
    • 578 2 Oil prices seen hitting US$7O in short term TRADERS here see crude oil prices rising to US$7O a barrel in the short term but believe they are unlikely to crash through that level. Oil hit US$65 this week, driven by psychological factors such as Middle-East jitters and US
      578 words
    • 604 3  -  But traders don't expect price escalation beyond that level By RONNIE LIM [SINGAPORE] Traders here see crude oil prices rising to US$7O a barrel in the short term but believe they are unlikely to crash through that barrier. Oil hit US$65 this
      604 words
    • 657 3  -  HAZE OVER MALAYSIA By PAUUNE NG in Kuala Lumpur THE air quality in Malaysia's heavily populated Klang Valley deteriorated to dangerous levels yesterday, forcing the Selangor state government to declare an emergency. Choking haze at Port Klang and Kuala Selangor caused
      REUTERS  -  657 words
  • Page 2 Advertisements
    • 97 2 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account <!• j j i m i L Nominations are open for application as of 6 July 2005 Closing date: 19
      97 words
    • 17 2 L Head to Th« New Paper Fast Ads for education options! Buy It Sell It Find It
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      68 words

  • Page 3 Advertisements
    • 156 3 THE HOURGLASS TEMP US SHOWCASE /SIMPLICITY lu'vpt'kc .11v iini.lkmc 15 p Mill pp I nll fo u r 11 or Ioi: c i to o»> in p 1 u| uc c f 4T VI ANNEY HALTER v Creative Watchmaking Satellite hour indicator with a revolutionary precision adjustment function URWERK" i
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  • COMPANY NEWS
    • 582 4  -  FINANCIAL RESULTS Impact from higher tax expenses and inability to book residential sales By ALEXANDRA HO CITY Developments yesterday reported a 36 per cent drop in second-quarter net profit, bogged down by increased tax expenses and the inability to book strong residential property sales.
      CHRIS LOH  -  582 words
    • 273 4 MORE than three months after DBS demanded that Citiraya pay back debts of $38.6 million, the bank has petitioned the High Court to wind up the electronics waste rtfcycler. Citiraya yesterday said the winding-up petition is to be heard on Sept 2. The company,
      273 words
    • 398 4  -  By DONALD URQUHART NEPTUNE Orient Lines yesterday reported a 6 per cent year-on-year rise in sec-ond-quarter net profit, the smallest gain in six quarters as the group's margins came under pressure from liner shipping costs. Net profit for the quarter ended July 1 rose
      398 words
    • 787 4  -  CITIRAYA'S WOES HOCK LOCK SIEW By JOYCE KOH TO save Citiraya or don't bother, that is the question the company's two remaining potential investors have to ask. But increasingly, it looks as though the once high-flying company is heading for a total liquidation
      787 words
    • 326 4  -  By KALPANA RASHIWALA HO Bee Investment's sec-ond-quarter group net profit jumped from $1.2 million to $8.3 million, on the back of a near-tripling in revenue from $12.9 million to $38.3 million. The revenue surge was due largely to contribution from The Berth
      326 words
    • 496 4  -  By SIOW LI SEN SEMBCORP Industries yesterday posted a 22 per cent rise in second-quarter net profit to $74.37 million, boosted by its overseas operations and the sale of a stake in an Internet firm. It also continued to face demands for more divestments.
      ARTHUR LEE  -  496 words
    • 837 6  -  Robinsons banking on fashionable merchandise to win back shoppers Reports by KALPANA RASHIWALA ROBINSON'S fourth-quar-ter and full-year results may not be exciting, but what is is its action plan which will bear on the group's future. For one, it will introduce
      ARTHUR LEE  -  837 words
    • 419 6 ROBINSON and Company, which operates the Robinsons, John Little and Marks Spencer stores in Singapore and the MBiS outlets in Malaysia, yesterday posted a 0.2 per cent drop in Q4 group net profit to $13.2 million. Profit from retail operations fell from $8.5 million to
      419 words
    • 246 6  -  By RAJU CHELLAM ASTI Holdings yesterday posted a second-quarter net loss of $400,000 narrower than the $1.1 million deficit in the first quarter, but still a long way from the $5.6 million net earnings it achieved in the year-ago period. Sequentially, the slashing
      246 words
    • OTHER RESULTS
      • 119 6 HONG Leong Asia said half-time net profit fell 37 per cent from $29.4 million to $18.6 million, even as revenue went up 22 per cent to $1.29 billion. The decline in profit was due to lower gross margins in the first half, and
        119 words
      • 63 6 FLEXTECH Holdings Ltd has reported a 69 per cent drop in first-half net profit to $2.2 million from $7.3 million a year ago. The earnings fall for the six months ended June 30 came on a 12 per cent decrease in turnover to $291.5 million from
        63 words
      • 49 6 Reuters ASIA'S largest diversified commodity trader, Hong Kong-based Noble Group Ltd, yesterday reported a 16 per cent rise in second-quarter profits. The Singapore-listed company's profit for the three months ended June 30 was US$53 million compared with US$45.5 million a year earlier.
        Reuters  -  49 words
      • 69 6 INTER-ROLLER Engineering yesterday registered a 63 per cent jump in H1 net profit to $6.7 million, following a 42 per cent rise in revenue to $43.5 million. As at June 30, the airport logistics systems designer's order books stood at $146 million. In addition,
        69 words
      • 59 6 MAIN BOARD-LISTED Ellipsiz Ltd closed its financial year 2005 on June 30 with a 35 per cent rise in net profit to $11.1 million, compared to $8.2 million the year before. This came on the back of a 70 per cent hike in revenue to
        59 words
      • 57 6 CG TECHNOLOGIES Holdings Ltd has posted 27.3 per cent increase in turnover to 112.1 million renminbi (S$22.8 million) for the second quarter ended June 30 from a proforma88.1 million renminbi in the year-ago period. Net profit was up 18.9 per cent to
        57 words
      • 52 6 MAINBOARD-LISTED Europtronic has announced a sharp drop in net profit to $2.5 million for the half year ended June 30 from $5.2 million a year ago. Separately, associate Eucon Holdings saw its net profit fall 87 per cent to $507,000 from $3.9 million in the
        52 words
      • 82 6 TOTAL Automation Ltd has chalked up a 20.3 per cent increase in first-half net profit of $4.55 million, on the back of a 7.5 per cent increase in revenue of $38.13 million. The engineering control and instrumentation specialist said the increased turnover was due
        82 words
      • 85 6 CHINA Sun Bio-Chem Technology Group said half-time net profit came in at 124.3 million renminbi (5525.3 million), up 55.2 per cent from the same period last year. Revenue rose 31.3 per cent to 400 million renminbi, as it sold more of its corn
        85 words
      • 59 6 MAINBOARD-LISTED Achieva Limited has posted a 36 per cent drop in HI net profit to $1.35 million. Turnover rose 3 per cent to $305 million. The electronics solutions provider attributed the increase in revenue to its electronics components division, which saw its turnover improve by
        59 words
      • 128 6 NET profit for UOB Kay Hian fell 38.3 per cent to $34 million in the first half of this year. Revenue dropped 23.8 per cent to $142.4 million. The company attributed this fall in net profit to a smaller writeback of provision for
        128 words
    • 207 8 HAVING raised about $2 million for seven charities in its inaugural year last year, the Singapore Ex-change-organised Bull Run is looking to embrace an even wider community this year, reaching out to 14 charities. The Society for the Physically Disabled's SPD Education
      207 words
    • 420 8  -  He has stepped down as senior adviser, says internal memo Reports by SIOW LI SEN NG Kee Choe has finally left DBS Group Holdings, the bank where he had devoted more than half his life to build up. Mr Ng, 61, joined
      FILE PHOTO  -  420 words
    • 212 8 DBS Bank said yesterday that it has helped market Thailand's first international property fund. The CPN Retail Growth Property Fund set up by Bangkok-based Central Pattana, a Thai shopping centre developer, closed yesterday after it had been offered to
      212 words
    • COMPANY BRIEFS
      • 125 8 TWO overseas subsidiaries of system integrator CSE Global have been awarded contracts amounting to about $6 million in Australia and New Zealand. CSE said yesterday that Australia-based subsidiary CSE-Uniserve has won a contract from the Melbourne Water Corporation to design, supply, install and commission new
        125 words
      • 136 8 CNA Group has reached a settlement in its construction dispute with M+W Zander Facility Engineering GmbH Co, its main contractor for the First Silicon Wafer Fab project in Kuching. It said the dispute involved sums due to CNA under the contract, as well as variation orders
        136 words
    • 4416 8 UNIT TRUSTS FUNDS CM Pan-Euope Equity Fund 1.28/ CmSelect Asia Tilt Balanced 1.42/ mi a CmSelect Asia Trtt Gfwtfl ...m....— 1J9f nun CitiSelect Asia Tit ErtiGrti 132/ ?fJa CHiSelect Global Growlh 1.1V SKEEi 00 Global Healthcare Fund <198/ 2 Gb Gfc Fn Srva Fund 1 08/ totofJSf 1« w{ Ob
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    • 132 4 -ML rmi Purple Ebony Cabinet fIWrTTEI |>«f C78"x23 /i x 267}") @,-»->.ChickenWingWood Chair lfe|Bl| ■■u fl g| gm§ ChickenWingWood MM# P infl Bookshelf(29"xl6W) \I I 111 JmL JUL 3pcsChickanWing Black Wood Palace Chair jhj jHMLifii Wood Chair i lifji Ba d wrJa Olio BPS OSP fto s d PHB F—Mmm
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  • Page 5 Advertisements
    • 2155 5 ROBINSON AND COMPANY, LIMITED Incorporated in Singapore Co. Reg. No. *****0011H 1. INCOME STATEMENT FOR THE YEAR ENDED 30 JUNE 2005 4. STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2005 (I) The Directors are pleased to announce the unaudited results for the year ended 30 June
      2,155 words

  • Page 6 Advertisements
    • 470 6 J 7 GREEN SALT GROUP LIMITED Announcement It has come to the attention of the Board of Directors of Green Salt Group Limited ("our Company") thgt there have been defamatory reports on the affairs of our Company. The Board of Directors takes the view that it is most unfortunate and
      470 words

  • Page 7 Advertisements
    • 475 7 THE LIGHT OF MONDIAL A SERIES OF FLAWLESS DIAMONDS j' ;k\- f" W 4. 1111 I l( ,1 II MONDIAI V I.ill hi lovr will) Ihc I ij»l11 ol Month.il 011I1<I<11< cislv< i\ y— v I"" 1 f iHonbtals (Llmtpir Guarantee ill M <>111 l* I.IM I, II M >\l
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  • Page 9 Advertisements
    • 1543 9 INTERIM AC iSTi noble results UD Ihgyinrmip Today's answer to tomorrow's growth I FINANCIAL HIGHLIGHTS (Incorporated in Bermuda with limited liability) 6 months 2005 vs. 6 months 2004 Turnover Annualized return on average Net profit for increased by shareholders' equity for 6 months 2005 6 months 2005 was 39% 39.8%
      1,543 words

  • SINGAPORE MARKETS
    • 504 10  -  STOCKS The question is whether this is a correction or whether the bull run is over TEH HOOI LING Senior Correspondent SOARING oil prices added momentum to the profit-taking in the Singapore market yesterday, culminating in the biggest correction since April. The pullback came even as
      Source: Bloomberg  -  504 words
    • 538 10  -  TRADES TO WATCH By Eddie Toh OCBC Bank is set to boost its stake in insurance arm Great Eastern Holdings (GEH) through a share swap worth an estimated $86.9 million with a stockbroker. OCBC said yesterday that it has entered into a
      538 words
    • Article, Illustration
      424 10 OTHER SINGAPORE INDICES Aug 11 VALUE CLOSE BT OB/OS -349.00 -194.00 BT CADI -*****.00 -178.00 BT 10-day MA -*****.00 -35.00 All-SG Equities 587.80 -8.73 SG Equities Elect 132.36 -4.26 SG Equities Fin 1653.41 -26.50 SG Equities Prop 645.20 -8.63 SIMSCI 273.17 -4.75 SiMSCI Futures 272.90 -3.60 MOST ACTIVE STOCKS VOLUME
      424 words
    • Article, Illustration
      899 10  -  By JOYCE KOH Parkway Holdings Aug 11 dose: $2.18 DBS VICKERS SECURITIES. Aug 11 2Q05 revenue reached a record high of $112.7 million, an increase of 10 per cent y-o-y, while net profit jumpefl 22 per cent y-o-y to $16.4 milliiA driven by higher inpatient and day cases
      Source: Bloomberg  -  899 words
    • 416 10 Sing hits 3-month high on GDP data CURRENCIES Reuters AFP [SINGAPORE] The Singapore dollar hit a three-month high yesterday and the Thai baht rose to its strongest level in two months as traders bet a turnaround in their economies could lead to greater demand for local stocks. The Philippine peso
      Reuters; AFP; AFP FILE PHOTO  -  416 words

  • SINGAPORE NEWS
    • 444 11  -  It is, together with a fund, buying 16.7% of Hopson for HK$977m By JOYCE KOH THE drive to rebalance its portfolio appears to be hotting up for Temasek Holdings, with the investment holding company confirming yesterday that it is buying a stake in
      444 words
    • 395 11  -  By SAMUEL EE A FIVE-STOREY building on Paya Lebar Road will be bought and demolished because its safety will be compromised by deep excavation work along the MRT's Circle Line. Hock Kee House (HKH) is a 999-year leasehold property made up of seven shophouses
      395 words
    • 229 11 THE HomeTeamNS has tied up with SPH Magazines to publish its official magazine Home Team NS which has a member base of 160,000 National Servicemen and their family members. The two-year partnership contract which was signed yesterday by the chief executive officer of SPH Magazines
      229 words
    • 61 11 PSB Academy is partnering the University of Western Australia (UWA) to offer a full-time Masters of Business Administration (MBA) programme next January. Up to now UWA has offered only part-time Bachelor of Commerce and MBA courses through the PSB
      61 words
    • 200 11 SOME of Asia's leading financial experts will gather under one roof to reveal their strategies for successful investing. And you are invited to be in the audience. "Strategies for Successful Investing" organised by Citibank will be held on Aug 18 at Raffles
      200 words
  • Page 11 Advertisements
    • 983 11 iClUHjud CIH Limited (Incorporated in the Republic of Singapore) Co. Reg. No. *****6357H Announcement of First Quarter Financial Statement The Board of Directors of CIH Limited is pleased to announce the unaudited financial statement of the Group for the first quarter ended 30 June 2005 as set out below: Quarter
      983 words

  • ECONOMY WATCH
    • 459 12 Euro zone growth forecast at 0.2% in the quarter Reuters [PARIS] Europe's economy lost much of what spark it had in the second quarter of 2005, as Germany failed to reproduce the spurt that made up for the recession in Italy earlier in
      Reuters  -  459 words
    • 607 12 July amount is second-biggest on record after last Dec's US$11.1b Reuters [BEIJING] China chalked up its second-biggest trade surplus on record in July, handing fresh ammunition to critics who say last month's 2.1 per cent yuan revaluation will prove too small to bring the country's
      Reuters; Source: Bloomberg; AP  -  607 words
    • 352 12 LATEST US DATA Reuters [WASHINGTON] US retail sales jumped 1.8 per cent last month as buyer incentives led to the biggest gain in auto sales since just after the Sept 11, 2001 attacks, a government report showed yesterday. A separate report showed
      Reuters  -  352 words
    • 2346 12 vol General Corp .0.42 -0.01 64 *■>11 Ml W- fit) Genting 19.70 -0.40 466 George Kent OA) unch 42 A M Realty 1.S0 0.06 JO GHLSystems A20 unch 134 Abric 0.37 -0.02 83 Globetron.cs Tech 0.40 unch 417 ACP Industries 0.68 -0.02 12 Glomac Bhd 1.52 0.02 548
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  • Page 12 Advertisements
    • 1161 12 Notices m POPULAR NOTICE OF ANNUAL GENERAL MEETING POPULAR HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Registration No. *****7187 M) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 20 Old Toh Tuck Road, Singapore *****5 on 26 August 2005 at 10.00
      1,161 words

  • MALAYSIA/INDONESIA
    • 518 13  -  He's apparently annoyed by perception of an attempt to tarnish his legacy By S JAYASANKARAN in Kuala Lumpur FORMER Malaysian Prime Minister Mahathir Mohamad used to resort to caustic irony whenever he got annoyed. Asked by a member of the foreign media once what he
      518 words
    • 327 13 Bloomberg [JAKARTA] PT Bank Man. diri, Indonesia's biggest lender, aims to cut its badloan ratio by half to return to financial health and has no plans now to merge with a domestic rival, president director Agus DW Martowardojo said. Indonesia'-s central bank
      Bloomberg  -  327 words
    • 659 13 Reuters [KUALA LUMPUR] Malaysia's biggest lender, Malayan Banking Bhd, is expected to report this month that quarterly profit grew slightly, even though its income from lending is slipping behind rivals in a slowing economy. Maybank and its local rivals are trying to
      Reuters  -  659 words
  • Page 13 Advertisements
    • 137 13 L "li *%*fl3 i&w, kH&t $B*/ g'l^l Growing up, Me Paragon IMBH^^^^HLmMBMI They are the apple of your eye. You only want the best for them. You K ids'ADDarei Kan j Kids Maternity Toys want to keep her warm at night with the softest of baby mittens. To Blossom Fflends
      137 words

  • GREATER CHINA/INDIA
    • 920 14 Deal will create the biggest and most diversified Internet company in China Bloomberg NYT [BEIJING] Yahoo! Inc yesterday stepped up its presence in China's fast-grow-ing Internet business, announcing a deal to buy a 40 per cent stake in Alibaba.com,
      Bloomberg; NYT; PHOTOS: BT, BLOOMBERG  -  920 words
    • 725 14  -  INDIA INSIGHT Should India ship out its iron ore, or use it for her own steel industry? ASHOK KUMAR In Mumbai THE feasibility of India exporting its iron ore is a divisive issue. While one school of thought advocates that there is nothing wrong in
      725 words
    • 471 14 Move could unleash tranche of shares worth up to US$2b [LONDON] Lakshmi Mittal, who is one of the world's richest men, said on Wednesday that he might be willing to pare his 88 per cent stake in Mittal Steel, according to a
      471 words
    • 342 14 Frontrunners include ICAP, Collins Stewart Bloomberg [BEIJING] China's banking regulator will allow domestic and foreign companies to set up money brokerages for the first time as part of efforts to reorganise and boost the nation's capital markets. ICAP Pic and Collins Stewart Tullet Pic,
      Bloomberg  -  342 words
    • 193 14 Reuters [SHANGHAI] China's Huaxia Securities has won final approval to seek a foreign investor, state newspapers said yesterday, as the brokerage that once ranked as the nation's fourth-largest struggled to finance an internal overhaul. Citic Securities Co Ltd, China's first brokerage to
      Reuters  -  193 words
    • NOTE BOOK
      • 62 14 Reuters [HONG KONG] Swire Pacific Ltd posted a big jump in first-half net profit yesterday largely thanks to one-off gains, including the sale of a stake in a port operation, and a huge accounting gain. Underlying net profit, an indicator of the health
        Reuters  -  62 words
      • 76 14 Bloomberg [HONG KONG] Phoenix Satellite Television Holdings Ltd, a Hong Kong-based, China-focused broadcaster partly owned by Rupert Murdoch's News Corp, said that second-quarter profit surged 19 per cent because of a one-time gain. Net profit rose to HK$5l million (Sslo.B million), or one
        Bloomberg  -  76 words
      • 72 14 Li Fung buys US firm for US$124m Reuters [HONG KONG] Trading company Li Fung Ltd yesterday posted a 23 per cent rise in first-half profit and said it is spending US$ 124 million to buy aUS clothing firm, the latest in a spree of acquisitions and licensing deals aimed at
        Reuters  -  72 words
      • 78 14 [KUALA LUMPUR] AMMB Holdings Bhd had its best quarter in five years, as net profit nflore than doubled to RM106.5 million (Ss47 million) for the first three months ended June 30, on strong contribution from 51 per cent owned Amlnvestment Group Bhd, says a
        78 words
      • 76 14 Reuters [HONG KONG] China Mobile (Hong Kong) Ltd, Asia's most valuable telecoms firm, expects to add more than three million users a month for the rest of the year after wowing investors with better-than-expected first-half earnings. The world's top cellular carrier by users on
        Reuters  -  76 words

  • ASIA-PACIFIC/WORLD
    • 535 15  -  They put money in Japan's bourse, driving Nikkei 225 to 4-year high By ANTHONY ROWLEY in Tokyo FOREIGN investors have begun pouring money into the Tokyo stock market in the hope that Prime Minister Junichiro Koizumi will pull off his gamble of dissolving parliament in
      535 words
    • 791 15 MEDIA MANOEUVRES NYT Bloomberg [NEW YORK] Rupert Murdoch gave the cold shoulder to his largest shareholder, John C Malone, on Wednesday by extending a poison pill that blocks Mr Malone's Liberty Media Corp from buying more shares of Mr Murdoch's News Corp. But the consolation prize for
      NYT; Bloomberg  -  791 words
    • 385 15 NYT [NEW YORK] Carl C Icahn, who has made a career out of agitating for change at corporations, has set his sights on an incredibly large new target: Time Warner. Mr Icahn has been putting out feelers over the last week to
      NYT; BLOOMBERG  -  385 words
    • WORLD WATCH
      • 95 15 Bloomberg (BANGKOK] Thailand may post a current account deficit of as much as US$2 billion this year, mainly because of the rising costs of oil imports. Finance Minister Thanong Bidaya said yesterday. "I believe the current account deficit will not exceed US$2
        Bloomberg  -  95 words
      • 101 15 Reuters [MANIIJM Ayala Land Inc, the Philippines' largest property developer, said yesterday its quarterly profit rose 4.4 per cent, buoyed by a sustained rise in mall rentals and property sales. Ayala Land said its net income was 640 million pesos (Ssl 8.9
        Reuters  -  101 words
      • 68 15 Bloomberg [BANGKOK] Thai consumer confidence fell in July to its lowest in over three years on concerns that high fuel prices and a widening trade deficit will curb economic growth, a survey showed. An index measuring consumer confidence fell to 79.4, the lowest
        Bloomberg  -  68 words
      • 142 15 Bloomberg [WASHINGTON! The US Securities and Exchange Commission (SEC) won't be able to enforce new corporate-governance rules for mutual funds until after a lawsuit opposing the measures is heard, according to a federal court order. Judges at the US Court of Appeals
        Bloomberg  -  142 words
      • 72 15 Reuters [ATIj\NTA] Appliance maker Whirlpool Corp on Wednesday raised its takeover offer for Maytag Corp a third time, to nearly US$l.7 billion or US$2l a share moving to derail its smaller rival's US$l4-a-share buyout by private equity firm Ripplewood Holdings. The sweetened
        Reuters  -  72 words
    • 452 15 Bloomberg Reuters (CANBERRA] Telstra Corp, Australia's largest telephone company, increased second-half profit just 0.2 per cent and said earnings may decline this year as customers abandon its main fixed-line business for cheaper mobile phone and Internet services. Net income, excluding charges and asset
      Bloomberg; Reuters  -  452 words
    • 317 15 Bloomberg [NEW YORK] Refco Inc, the world's biggest closely held futures broker, and its existing investors raised US$5B3 million in an initial public offering (IPO). On Wednesday,the New York-based broker and shareholders sold 26.5 million shares at US$22 each, more than the US$l9 to
      Bloomberg  -  317 words
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  • AVIATION
    • 433 16 Ex-finance ministry official takes over, with aim of overhauling firm AFP [BANGKOK] The president of Thai Airways International has been suspended, Thailand's prime minister said yesterday, as officials warned that the carrier was suffering the worst financial crisis in its history. The airline's board suspended Kanok
      AFP  -  433 words
    • 276 16 AFP [SEOUL] South Korea's umbrella labour group yesterday called for a general strike and protest rallies after the government invoked rarely-used emergency powers to end a 25-day stoppage by Asiana pilots. The Korean Confederation of Trade Unions cancelled its plan to
      AFP; REUTERS  -  276 words
    • LOG BOOK
      • 106 16 Bloomberg [TOKYO] Japan Airlines Corp said a panel dropped from one of its planes landing on a runway at Narita International Airport, the latest in safety troubles reported by the country's largest carrier. The part was found to be missing from the Boeing
        Bloomberg  -  106 words
      • 62 16 Bloomberg [SYDNEY] Qantas Airways Ltd, will begin non-stop flights between Sydney and San Francisco in March 2006. It will fly three times a week between the cities, using Boeing 747-400 planes, it said in a statement. It will also add flights between Sydney and Vancouver
        Bloomberg  -  62 words
      • 53 16 AFP [JAKARTA] Some 900 flight attendants at Indonesian flag-carrier Garuda Indonesia will stage a three-day strike from today over a salary dispute, a union official said. It would affect all major routes including services to Bali, the 1,200-strong Garuda Indonesia Cabin Crew
        AFP  -  53 words
    • 235 16 Bloomberg [NEW YORK] Boeing Co, the world's sec-ond-largest commercial airplane maker, said Morocco's Royal Air Maroc plans to purchase as many as five 787 Dreamliner planes, a potential US$675 million transaction. Formal negotiations are expected to be completed in September, Chicago-based Boeing
      Bloomberg  -  235 words
    • 256 16 Bloomberg [CHICAGO] United Airlines, the second-largest US carrier, said it may be forced to give up gates at Chicago's O'Hare International Airport if it doesn't use them enough. An agreement reached with the city on Sunday "could result in the loss of access
      Bloomberg  -  256 words
    • 119 16 AFP [SINGAPORE] Passenger traffic at Singapore's Changi airport in July reached 2.89 million, the highest monthly level so far this year, the Civil Aviation Authority of Singapore said in a statement yesterday. Last month's figures were 8.2 per cent higher than a year
      AFP  -  119 words
    • 293 16 AFP (BEIJING] French aerospace group Dassault Aviation is working with Chinese authorities to operate its Falcon series of jets here as it eyes expected growth in the business travel market, state media said yesterday. Dassault is keen to get the green light
      AFP  -  293 words
    • 453 16 Bloomberg [SEOUL] Korean Air Lines Co, the world's secondlargest cargo carrier, reported its first loss in six quarters after fuel prices and its tax bill surged. The airline yesterday said it has begun hedging fiiel costs for the first time. The
      Bloomberg  -  453 words
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  • SHIPPING
    • 400 17 July cargo volume up 28% for Shanghai and 20% for Shenzhen Bloomberg [HONG KONG] Shanghai and Shenzhen, China's biggest container ports, handled more cargo in July than a year ago as exports of toys, clothing and other goods increased demand for sea freight.
      Bloomberg; BLOOMBERG  -  400 words
    • 423 17 Bloomberg [LONDON] Peninsular Oriental Steam Navigation Co, the UK's largest port operator, said first-half profit more than tripled after selling a stake in Royal P&O Nedlloyd NV. Net income rose to £220.1 million (Ss6so million), or 29.7 pence a share, from £54.9 million,
      Bloomberg  -  423 words
    • 170 17 Xinhua [NAIROBI] Somali pirates have reneged on a deal which was brokered by the United Nations to free 10 hostages held for more than a month and the fate of the ship and the crew was still unknown so far, officials working
      Xinhua  -  170 words
    • 321 17 China Shipping's first half profit soars 81 Bloomberg [HONG KONG] Shares of China Shipping Development Co rose as much as 2.4 per cent after the nation's largest oil carrier posted an 81 per cent surge in first-half profit on more fuel shipments and raised the outlook of its ninemonth earnings.
      Bloomberg  -  321 words
    • 1065 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE Australian Transport Safety Bureau (ATSB) has called on ship owners and operators to include procedures in their vessel safety management systems that direct masters to promptly notify local rescue coordination centres if their ships become disabled.
      1,065 words
    • 273 17 Reuters [LONDON] A sharp threeweek fall in crude oil freight rates has been triggered by growing fleet supply and seasonal factors rather than any fundamental slippage in oil demand, analysts and ship brokers said on Wednesday. "We've got in excess of 120
      Reuters  -  273 words
  • Page 17 Advertisements
    • 107 17 OLORY SHIP MANAGEMENT PTE LTD We invite suitably qualified and experienced personnel for the following appointment 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, H M Underwriters, Brokers, Claimants etc.,
      107 words

  • EDITORIAL & OPINION
    • 542 18 EDITORIAL INDIAN Prime Minister Manmohan Singh last month signed a nuclear and defence accord with the United States that may mark the beginning of a new relationship between India and the US and as many fear may even mean one that is aimed at countering
      542 words
    • 905 18  -  Berlusconi's anti-euro rhetoric to score points against his political rival is harming Europe By MARK GILBERT Bloomberg ITALIAN Prime Minister Silvio Berlusconi last month called the euro a "disaster" and a "rip-off". Maybe the single-currency club should consider revoking Italy's
      Bloomberg; PHOTOS: AFP, BLOOMBERG  -  905 words
    • 722 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group A NATION'S economic power could once be judged by tons of steel or megawatts of electricity. But we have moved beyond these simple indicators or even updated versions, such as computer chips. All advanced
      The Washington Post Writers Group  -  722 words
    • 1623 19  -  With the US' military and geo-political clout, the greenback as an established reserve currency cannot be easily displaced By JOSE KIRAN, RAMKISHEN S RAJAN PRIOR to World War I, Britain was the world's leading trading nation, and around 60 per cent of world trade
      REUTERS FILE PHOTO  -  1,623 words
    • 206 19  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER k to the President's Star Charity 2005 show on Aug 6 and July 31. Unlike previous charity shows, there was no 20cent charge for each donation call. I would like to ask if
      206 words
    • 183 19  -  Lu Kee Hong Singapore 1 AM very heartened to read that Singaporeans are responding prudently vis-a-vis 90 per cent home loans despite many attempts by interested parties in the property market to lure buyers into the market. Witness the run-up of property counters
      183 words
    • 931 19  -  By JAD MOUAWAD NYT WHEN CNOOC, the Chinese govern-ment-owned oil company, dropped its bid to buy Unocal earlier this month, it said that political opposition in Washington had scuttled the plan. The question US oil companies now face is whether they might someday
      NYT; REUTERS  -  931 words

  • Page 19 Advertisements
    • 99 19 HAVEYOUR SAY Fax your letters to 6319-8277 or email them to btletteresph.com.sg or write to: The Business Times, SPH HQ,IOOOToa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve
      99 words

  • 10073 20 SGX MAINBOARD 52-WV Tel Last Vol Day Last Quote GrtXv Wv GrVM Nat MCap High law Coda Company Sala *1- TOOO) High Lew fciyar SaHar Cw HE Sn* J 10 3 5716 1st Software 5c 3 unch 2461 3 3 3 3.5 12-1 1 30 10.5 3148 8TelecomUS2c
    10,073 words

  • 6535 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In US$ dy yr dy X yr dy %yr Aug 10 Index Change Change Change Change Change Change World Index Preliminary 912.7 0.8 7.1 0.6 4.3 1.1 3.4 t EAFE Preliminary 864.9 0.9 11.9 1.0 4.5 1.5 3.6
    6,535 words

  • Page 22 Advertisements
    • 1296 22 t NYK GROUP SOUTH ASIA PTE LTD Kjtrnr»- trjTS k LIME Fax: (Regional sales)/6239 7109 (OPSy 6299 5785 (Documentation) W NIPPON YUSEN KAISHA TOKYO SO»AKU KASHA. UO (C/R NO: **********0E) I jf* m C«1 137» *****000 SENATOR LINES lIIUieR (UJLtn* Ud Main Unas *65 6536-2750 jtfAf£slttKjs 1 JU"«* 72 An*on
      1,296 words
    • 839 22 IINTIRASIA RORO SiRVKI vßsa/vor ramkkd hbghhm) kg kch 10 5 jkt STtAITS VENTURE 16/DS 1$ 3.2 05/08 11/06 14/08 16/08 STKAfTS VENTURE 17/DS 15 3.2 18/08 21/08 25/08 28/08 30/08 STRAUS VENTURE 18/05 15 3.2 01/09 04/09 08/09 11/09 13/09 [AUSTRALIAN RORO StRVICi 1 VBSa/VOY RAOfOm I HBGHTWI lo sw
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  • Page 23 Advertisements
    • 1324 23 www.hainburflsud.com AUSE SERVICE (EXPORT) ETA JO SINGAPORE IRISIANE SYDNEY MEUOURNE ADELAIDE SIWGAfOUt IRISIANE SYDNEY MEUOURNE ADtLAJDE AFRICA STAR SOTS 12/08 22/08 2VOB 27/01 30/08 SCOTU 071S 09/09 19/09 21/09 24/09 27/09 CAIYUN HE 062S 19/08 29/01 31/06 03/09 06/09 CAIYUWHEO63S 16/09 26/09 28/09 01/1 C 04/10 CAP HEWGA SMS 26/08
      1,324 words
    • 1340 23 VESSEL VOY SIN JKT H!G||£|W KYH PUS VESSEL VOYTSIN JKT SUB HKG USN PUS HYVLADICOSTOK 143S 18/8 20/8 25/B 27/8 29/8 31/8 31/8 KMT( JAKARTA 51 IS 14/8 17/8 18/8 23/8 27/8 28/8 HY PROGRESS IMS 25/8 27/8 1/9 3/9 5/9 7/9 7/9 KMTC ULSAH 516S 21/8 24/8 25/8 30/8
      1,340 words
    • 959 23 to WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOT SIN P.KLAN6 COLOMBO N. SHEVA COLOMBO W-BM M ttl HMPACIFIC QUEST MOW 2? AUG 74 AUG 77 AUG JfliUfi Q2Jf£ KQTA PfBWIRA YPWO69 29 AUG 30 AUG Q? SEP OtSEP 09 SB 1 INDIRA
      959 words

  • Page 24 Advertisements
    • 819 24 IAUf WALLENIUS WILHELMSEN website: http://www.2wglobal.tom VESSEL LIC MAO HOW MIA SAY »AL ORE NYC NEW MOO TOM AFS2I 400 TOM 6.30 M I 17/ M 10/09 19/09 23/09 29/09 27/09 TAMPA AFS22 I 420Tms I 6.4 M I 24/08 20/09 29/09 03/10 06/10 06/10 TAPIOLA AISI9 |400 Tom 6.3 M
      819 words
    • 1539 24 VtSSEL VOY SIN POU VtSStl VOY SIN JUT PACIANPA 1533N 12/08 12/08 P*C BINTAN !1U 11/9? i£ZM PACIANPA U34N 13/08 M/08_ *«|AU I-ilg M M CSF 2301 015?f 13/08 15/08 PAC lANPA isM mm ww CSF 2301 mt 11/55 IZZfiS— VOY Zu PAC lANPA UM I4ZM 14ZM_ nSoiiMi i24N TvS
      1,539 words
    • 610 24 BSA x o MYANMA fln FIVE STAR LINE (Myanmar National Line) Loading for Yangon VESSEL VOY SIN PKL PIN PGU PAGAN 348W SU) PAGAN 349W SU> IN MAUYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****3 M PEN: 04-*****15 ACCEPTING CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKI KUC MARINE EMILEM 23 SU)
      610 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8974 25 HA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Dm Number Number SIN Desfn Name Name Number Number 4» To AQABA (AQJ) 2023 Jordan To ABIDJAN (ABJ) 2003 Cote D'lvoire 19/08 26/09 CMACGM api shanghai 020E *****800 19/08
      8,974 words
  • Page 25 Advertisements
    • 508 25 Guaranteed Sailing! I Service from Singapore to: I Los flngeles Aching I Mon cut-off. Consol. I 14 days transit. on j^ urs cu t-off I HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPR CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****838, MELINA LEE: *****187 PTidMW
      508 words
    • 534 25 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, V Freight Links Express Logisticentre, Singapore *****3 Website:http://www.freightlin?s. net A ATTRACTIVE RATES TO: M'm ALEXANDRIA GENOA KEELUNG KAOHSIUNG mtm 11 HAVRE MALTA MAHE MARSEILLE BfK>f CEBU DALIAN HONG KONG JAKARTA ■HUI •CM NOD AO SHANGHAI SURABAYA WHO* |HHH *****694/5506/5535/5541/5553/5561/5551/5569/5565/5580/5560/5508/5578/5514/5563 PROJECT
      534 words
    • 45 25 G LINES VSHENIKIf Agents CROSSEAST SHIPPING PTK LTD operator code GK CR NO: 778 3202 OOOOM Tet: 6327 1788 Fox; 6327 ISBB wwt buiAfcyffmu— 1 mnjg WBSHt www.g«rld.conuny KUCHMG WlflT Iflimi KOl^aNA«AUJ^lNnjU^OD«f^aJN^^^^^ I >4f] I HKI44E IS/08 16/08 I 17/08 I 20/08 i 72/08 1
      45 words
    • 425 25 HH||[HTIGERWAVE 306N 06-07/06 12-14/08 20-21/01 1 ■PHffli TIGER PEARL 307N 09 1 0/08 1 6-18/08 23-24/08 I ■MtNNll TIGER SEA 308N 14-15/08 20-21/08 27 28/08 1 HnrnTl TIGER SKY 309N 16-17/08 23-25/08 30-31/08 ■lIIIOH TIGER WAVE 310N 20-21/08 26-28/08 03-04/09 TIGER PEARL 31 IN 23-24/08 *****/09 06-07/09 »TOn7T!W»BFUHOTCf 626 09-10/
      425 words


  • executive lifestyle
    • 573 27  -  off the cuff jaime ee HEY, we hear there's an election coming up. No, not that one. I'm talking about that other election. Haven't you heard? They're calling a snap one. If you still don't know, then you haven't been checking under your nearest tree.
      573 words
    • 1359 27  -  TV—particularly pay TV —is enjoying a resurgence, with digital technology, rather than the growth of any one genre, being the key driver. CHEAH UI-HOON has the details CHEAH UI-HOON TV offerings are hotting up, especially come September when Star Hub revamps its digital offering and puts
      1,359 words
    • 490 27  - For the first time a new taste for cable TV By NGIAM YING LAN ONE of Singapore's favourite national pastimes is set to get a boost with the launch of the Asian Food Channel (AFC) this September, the first-ever 24-hour food cable channel to grace TV screens here. What foodies
      490 words
  • Page 27 Advertisements

  • ENTERTAINMENT
    • 561 28  -  FILM REVIEW There is something strangely lacklustre about 'Bewitched' despite a cute plot twist and proficient performances from its stars, reports GEOFFREY EU GEOFFREY EU Audiences of a certain vintage will remember with some fondness the cheerful 1960s television series on which the new movie Bewitched
      561 words
    • 342 28  -  By MIKE CHUA scheduled timing? You can, with Video-On-De-mand, or VOD. Thanks to the broadband technology, this genre of video viewing is already here, via your PC or 3G handphone. Viewers can pick from a menu of movie titles and, with a click of a mouse* draw
      342 words
    • 582 28  -  FILM REVIEW By PARVATHI NAYAR In 1968, George Romero invented a subclass of the horror film with an indie production shot on a budget of US$lOO,OOO. Night of the Living Dead went on to acquire cult status, a place in most schools of film studies,
      582 words
  • Page 28 Advertisements
    • 428 28 /&A S^ink'^Kktrtj Crab with Rice Noodles Soup $16 Tanfong Pagan 45 Craig Road MiUenia Waßi: 9 Raffles Boulevard. PP" Singapore *****3 *0106 (Back of Conrad Hotel) Reservation TeL*****79S Reservation:643B4BBB Diners Club Card To apply, ca*****6 0980 ■Vil Bu: World of Exclusive Privileges Treats DuMTS Ciub u> 60 Reasons To Feast
      428 words
    • 63 28 MERITUS MANDATUN SINGAPORE BEST Fresh oysters, delectable lobsters, savoury honey-glazed ham, prime Far rib of beef ana many more mouth- P watering dishes to leave you Br spoilt for choice. p? Reservations: 6831 6271/72 mm Ml i jp-K MERITUS MANDARIN A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E)
      63 words
  • Page 28 Miscellaneous
    • 186 28 CRYPTIC CROSSWORD sewn up' 00) aMl mitted (10) (4) 11 Final initiative to Gncour3QG coi ution 1 Performance originally adver- customers to take stock (9,4) Ttsra AT suluiium tised in official documents (4) 13 what hospitals offer in Across: 4 Sybarite, 8 Sponge, 9 2 Scotsman gets nothing out of
      186 words

  • ARTS
    • 682 29  -  COMEDY The cross-dressing comedian delivers but the trio need tightening, writes PARVATHI NAYAR PARVATHI NAYAR IT'S good to have a giggle, better yet to have a whole evening of them. This week saw two Singapore staples, Kumar and the Dim Sum Dollies separately
      682 words
    • 534 29  -  MUSIC By RACHEL LIN STACEY Kent's love for music from hearing her describe it wasn't so much acquired as it was a blessing from above. "1 was singing from the first moment of consciousness," says the award-winning jazz artist in a phone interview. "I loved music
      534 words
  • Page 29 Advertisements
    • 155 29 Driving the new Grand Espaee isn't an experience, it's a privilege. A large 7-seater MPV that was designed with only your comfort in mind, the Grand Espace truly has it all. Powered by a 2.0 A Turbo engine, all of the features f L come together to create a new
      155 words

  • Page 30 Advertisements
    • 3674 30 "Notices wm Qjk BANCA MONTE DEI PASCHIDI SIENA S.P.A. COMPARATIVE STATEMENT OF ACCOUNTS FOR YEARS ENDED DECEMBER 31, 2004 DECEMBER 31, 2003 CONSOLIDATED BALANCE SHEET EUR'OOOs EUR'OOOs CONSOLIDATED PROFIT AND LOSS STATEMENT EUR'OOOs EUR'OOOs as at Dec 31, 2004 Dec 31, 2003 for the years ended Dec 31, 2004 Dec
      3,674 words
    • 881 30 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CHP NAVCOM PTE LTD (COMPANY REGISTRATION NO. *****2458 M) (IN MEMBERS' VOLUNTARY LIQUIDATION) At on Extraordinary General Meeting of the Company duly convened and held at No. 46 Tech Park Crescent Tuos Tech Park Singapore *****4
      881 words
    • 1189 30 IN THE MATTER Of THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF BODUM (SINGAPORE) PTC LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration No. *****51 ION) NOTICE TO SUBMtT PARTICULARS OF DOTS OR CLAIMS Notice Is hereby given that the creditors of the abovenamed Company, whose debts or claims
      1,189 words

  • BOOKS
    • 528 31  -  For writer Sylvia Tan, there's a story behind every recipe, says NGIAM YING LAN NGIAM YING LAN THE last time Sylvia Tan tried to create her own version of quince paste (a chewy fruit gum often eaten with cheese) using "a whole lot of
      SE XIANG WEI  -  528 words
  • Page 31 Advertisements
    • 150 31 >y|jrr *3m I V BPi ..A J Br fl V Ms^E! Wizk*3j iraL .-sr-, r~~ > »i -V,; --V*" 2^y>iafoirwMg TyqfcjM■■*»& &«•>-;*-%►'■ C-> b v M»n A-W-■ I The comfort of L'Espace Affaires Business Class -I Benefit from our special offer between Singapore and Europe in L'Espace Affaires Business Class
      150 words
    • 282 31 > mini cooper Instead of increasing car loan interest rates like everyone else, we're dropping ours! For a limited period only, we're offering an interest rate of -1 for the first year. Giving you yet another reason to get a MINI Not that you need it, of course Visit us
      282 words

  • DRIVE
    • 1463 32  -  Madrid is home to one of the world's great museums and a 16th-century building classified as one of the eight wonders of the world, says GEOFFREY EU GEOFFREY EU WITH its grand boulevards, impressive parks and monuments plus world-class museums, Madrid exudes a definite
      PHOTOS BY GEOFFREY EU  -  1,463 words
    • 319 32 The Hotel: In Madrid, check out the hip quotient in hotels like Hotel Hesperia (iwww.hoteles-hesperia.es), which is also home to the elegant and excellent Santceloni restaurant. Other hotel options include the slick Urban (www.derbyhotels.es), the Villa Real, the AC Santo Mauro, the Adler and the Bauza. The
      319 words
  • Page 32 Advertisements
    • 154 32 Audi Vorsprung durch Technik The Audi A 8 The Audi A 6 The Audi A 4 The Audi A3 Sportback Wmnet in the luxuiy cl<is;> Winner In th« upper middle class Winner in the middle class Winner in the premium compact class f*rrf*3 y I 4 i 1 I The
      154 words