The Business Times, 31 August 2005

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORF 85 rwite MICA (P) 089/03/2005 online at http://business-times.asial.com.sg Wednesday, August 31,2005
    15 words
  • 1021 1  -  Central bank swings into action as rupiah, stocks plunge By SHOEB KAGDA in Jakarta INDONESIA yesterday averted a looming financial crisis after the country's central bank raised interest rates sharply by 75 basis points in an effort to calm extremely nervous markets following
    Source: Bloomberg  -  1,021 words
  • 632 1  -  13.8% return helps explain S'pore's pull over China's By CHUANG PECK MING [SINGAPORE] It's no wonder American multinational corporations are still pumping more money into Singapore than they do in China. US MNCs' direct investments in Singapore last year yielded income
    632 words
  • Page 1 Advertisements
    • 41 1 ANNUAL ■■HI REPORTS Creative, clever or gimmicky? PG6 Counting the costs pg 14 COMMENTARY Heshe's new plan faces many hurdles PG4 MORE REPORTS Temporary setback seen for S'pore firms in Indonesia pg 3 Rupiah on a tightrope PG 14 m£% rin
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    • 19 1 EXEC MONEY Financial products: Are customers still getting a poor deal? PG3O 8 IK Markets Digest on Pg 3
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  • TOP STORIES
    • 496 2  -  Troubled firm now has one month to look for new investor By JEAN CHUA [SINGAPORE] The fate of troubled Citiraya Industries now rests upon its ability to find an investor who will give it cash to continue running, after it
      496 words
    • Article, Illustration
      310 2 Under Workfare, the strategy to help low-wage workers, the Ministerial Committee on Low Wage Workers plans to: 'If we raise wages for low-skilled jobs without improving productivity, companies in Singapore win lose their competitiveness and relocate.' -Dr Ng (centre), with Dr Balakrishnan (right) and Mr Lim, at
      Photo: Albert S  -  310 words
    • 658 2  -  Workfare plan aims to help job seekers and reward those who upgrade skills. By DANIEL BUENAS [SINGAPORE] Displaying the government's resolve to help the lower-paid, the ministerial committee on low-wage workers yesterday unveiled a broad plan called "Workfare", aimed at tackling
      658 words
    • 582 2 Temporary setback seen for S'pore firms in Indonesia THE sinking rupiah is likely to take some of the shine off Singapore companies that have invested in Indonesian companies. But economists say the negative sentiment over Indonesia's removal of fuel subsidies which could stoke inflation and force interest rates
      582 words
    • 143 2 IN the report, "Customers take APL to Latin America" (BT, Aug 27-28), we were incorrect in saying that about 70 per cent of the ocean transport and logistics company's liner revenue is generated in Latin America. The proportion is 7 per cent. In "JP Nelson spreads its risks" (BT.
      143 words
    • 559 3  -  By SIOW LI SEN [SINGAPORE] The sinking rupiah is likely to take some of the shine off Singapore companies that have invested in Indonesian companies. But economists say the negative sentiment over Indonesia's removal of fuel subsidies which could stoke inflation and
      559 words
    • 137 3 STI 2,268.49 (-3.51) ST INDEX FUTURES 2,268.00 (4.00) SIMSCI 268.94 (-0.42) SIMSCI FUTURES 268.90 (-0.20) MARKETS Tuesday Change KLSECOMP 913.56 +1,71 NIKKEI 225 12.453.14 +***** HANG SENG 14.922.22 +85.25 SET INDEX 692.86 +1-53 JAKARTA COMP 1.039.82 *45.05 MAN ILACOMP 1.951.63 +17.07 SEOUL COMP 1,072.61 +9.45 SHENZHEN B 215.02
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    • 652 3  -  It may also want to convene a meeting of all members of the club By 1 VEN SREENIVASAN [SINGAPORE] Raffles Town Club Pte Ltd has asked the High Court to ratify a scheme of arrangement, after it missed a Monday deadline
      652 words
  • Page 2 Advertisements
    • 248 2 I In celebration of Singapore's 40 years of independence I I and her vision and focus of becoming I I a Global City for values in our time for the Arts I I MASTERWORK EXAMPLES I I THE HERITAGE COLLECTION I I THE FORTRESS COLLECTION I 1 The Consultancy Croup
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  • Page 3 Advertisements
    • 49 3 Many Are Available F&B, I.T, Engineering, Hi-Tech, Education, etc Attend An Exclusive Business Showcase: Date: Friday 2nd Sept Ipm 3pm, 6pm to 7.30pm YMCA Singapore, Level 4(1 Orchard Road By Reservation Only: Call 6336 8988 or SMS 9694 4487 or Email enquiries@interconex.com.sg taterconex Manaitmeat Pl« lt< (Est, since 1984)
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    • 107 3 citigroupr Thinking for Generations private bank 4? V ..tii.'i:. .Ji c.ut.s.w -tfl i v.;,'.,'- "-a r:/! v* Our clients sleep better ol Ml on I. t sia TTl Private Banking Customers Poll 2005 BEST PRIVATE BANK (over US$ 20 million) > d »ThP ntinrouD Private Bank" is a business of
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  • COMPANY NEWS
    • 571 4  -  Management expected to have tough time at shareholders meeting today By CHUANG PECK MING EVEN as the new management at Accord Customer Care Solutions keeps itself busy to restore confidence, the company under investigation after it overstated revenues and profits of
      571 words
    • 276 4 SINGAPORE Technologies Engineering is buying iDirect Inc, a leading manufacturer of two-way Internet protocol-based broadband satellite networking solutions, for US$l65 million. ST Engg said yesterday that Vision Technologies Electronics Inc (VTEE) has entered into a definitive agreement to acquire iDirect. VTEE is
      276 words
    • 737 4  -  HOCK LOCK SIEW By JEAN CHUA AFTER suffering years of losses from garment manufacturing and property investments, Heshe Holdings is asking investors to make a big leap of faith which some seem prepared to do. On Monday, Heshe said that
      737 words
    • 351 5  -  It signs agreements with top-tier European medical device distributors By AMIT ROY CHOUDHURY BIOSENSORS International, which recently received regulatory approval to sell its first drug-eluting stent (DES) in Europe, yesterday announced several new agreements with leading medical device distributors in key European cardiology markets. The company
      351 words
    • 162 5 Bloomberg SHARES of Olam International rose as much as 5.6 percent yesterday after the Singapore mainboardlisted supplier of agricultural commodities reported a 39 per cent jump in annual profit. The stock rose as much as six cents to $1.14 before closing the day
      Bloomberg  -  162 words
    • 315 6  -  Projects are for airports in China, UK and Asean, including S'pore By JEAN CHUA INTER-ROLLER Engineering said it has secured bag-gage-handling system contracts worth $83 million. The projects are for airports in China, the United Kingdom and Asean, including Singapore. Expected to be completed
      315 words
    • 299 6 RECENTLY listed Union Steel Holdings is to pay a bigger dividend than it indicated it would during its recent initial public offer. The company yesterday announced a final dividend for the financial year ended June 30 of 1.2 cents per share,
      299 words
    • 442 6 Three shareholders question valuation of shares and assets THE directors of Wearnes International (1994) Ltd, with their financial advisers in tow, yesterday said that they have provided full and complete information on WBL Corporation's proposal to take the car company private. They were responding to
      442 words
    • 733 6  -  By NANDE KHIN COMPANIES are getting more creative with the presentation of their annual reports, but nothing beats Stratech Systems Ltd's latest annual report which, at first glance, could pass off as a Roman war strategy board game. The security and
      733 words
    • 347 7  -  Acquisition of engineering firm spells upstream expansion By CHEN HUIFEN SESDAQ-LISTED Pan Asian Water Solutions (PA Water) has agreed to buy 51 per cent of engineering services firm Tricaftan Enterprise a move that will help PA Water expand its offerings. PA Water, which
      347 words
    • COMPANY BRIEFS
      • 120 7 Bloomberg NATSTEEL Ltd said chief executive Gan Kim Yong resigned and his last day at the company will be Sept 30. Mr Gan, who's also a parliamentarian, will become Minister of State for the Ministry of Education and the Ministry of Manpower
        Bloomberg  -  120 words
      • 84 7 UNITED Envirotech has proposed a share placement to raise net proceeds of up to $9.65 million. The China-based water-treatment company yesterday entered into an agreement with placement agent Kim Eng Securities to place out up to 28.5 million new shares at 35 cents k each.
        84 words
      • 105 7 TAT Hong Holdings Ltd said it has entered into a syndicated loan facility agreement with a syndicate of Singapore-based banks. The banks will make available to the company a loan facility of up to $30 million. As credit support for the facility, three of
        105 words
      • 139 7 AS part of its long-term strategic growth plan, mainboard-listed SNP Corporation Ltd said it has formed a joint-venture company in Shanghai. The investment arm of SNP's Hong Kong-listed subsidiary, SNP Leefung Holdings Ltd, has entered into an agreement with Shanghai East Best International (Group)
        139 words
      • 81 7 COURAGE Marine Group Ltd, a dry bulk shipping company with a market presence in Greater China, has lodged its prospectus to list on the mainboard of the Singapore Exchange. The group said its fleet of eight dry bulk carriers, with a total tonnage 0f342,312 dwt,
        81 words
    • 301 7  -  By R SIVANITHY EIGHTEEN months after it pioneered structured warrants locally, Deutsche Bank now aims to satisfy market demand for safer returns by expanding into structured-yield products. "We're keen to diversify our supermarket range to include yield products, of which the discount certificate is
      301 words
  • Page 4 Advertisements
    • 462 4 w "A- '.♦r" zsssx£,''z~ LAND FOR SAW 7 J222SS LAND PARCEL CHOA CHU KANG P2 On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased to invite tenders for the sale of a land parcel for mixed Commercial Residential development on a 99-year lease.
      462 words
    • 81 4 EHSf ifr Information Session September 1,19:00 SINGAPORE Grand Hyatt Singapore lOScottsßoad Register: www.fuqua.duke.edu/RSVP/st Cross Continent ©loliaf fxitttfßv* The Duke Executive MBA develops leaders and accelerates careers in two delivery formats that accommodate a FBTIPI3 full-time work schedule. Recognized worldwide: Ranked UEgUlSjj No. 4 Business Week, No. 4 U.S.News World Report
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  • Page 5 Advertisements
    • 303 5 V, j3s* y|jy K 4 > -a,'., &v'. 3*' HBSp. vJS§ v v i: Mr ~v H Ms' k <'" I 1 /SsL\ W>, fly when you can soar? We are pleased to announce that Cathay Pacific, Hong Kong's \f Airline v/ n|| ..year airline, was named Airline of the
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  • Page 6 Advertisements
    • 395 6 Positions In Wealth Management Advisory A boutique and enterprising licensed Financial Adviser is looking to build up Its team of Wealth Management professionals to capitalize on the rapidly expanding industry in Singapore and the region as: Associate Directors Managers > We adopt an integrated wealth management approach encompassing multidisciplinary solutions
      395 words
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 630 8  -  STOCKS Premature to forecast any lasting bounce-back in the broad market just yet, say dealers R SIVANITHY Senior Correspondent GIVEN that most equity markets yesterday rebounded off their lows the Straits Times Index, for example, first lost 13 points but finished a net 3.51
      FILE PHOTO  -  630 words
    • TRADES TO WATCH
      • 416 8 TELEKOM Malaysia and Khazanah Nasional have continued to raise their stake in Mobile One. Sun Share Investments—which is 80 per cent owned by Telekom Malaysia and 20 per cent by Malaysian investment holding agency Khazanah bought a total 0f4.023 million shares on the
        416 words
      • 63 8  -  Compiled by CHUANG PECK MING VANTAGE chief executive Kea Kah Kim has tightened his hold in the cash-rich company. His Eastunited Holdings, whose offer became unconditional earlier this month, has received acceptances totalling about 2.5 million shares from Aug 26 to 29, increasing his
        63 words
    • Article, Illustration
      434 8 OTHER SINGAPORE INDICES Aug 30 VALUE CLOSE BT OB/OS -284.00 -119.00 BT CADI -*****.00 -43.00 BT 10-day MA -*****.00 -28.00 All-SG Equities 580.70 -1.15 SG Equities Elect 135.45 -1.53 SG Equities Fin 1632.99 -0.17 SG Equities Prop 645.79 +2.04 SIMSCI 268.94 -0.42 SiMSCI Futures 268.90 -0.20 MOST ACTIVE STOCKS VOLUME
      434 words
    • 276 8  -  Compiled by VEN SREENIVASAN Creative Technology Aug 30 dose: $13 CITIGROUP RESEARCH. Aug 29 D&M Holdings has said that it will dose its Rio division (maker of Rio brand of MP3 players) by September competitive pressure. Regill that Rio was among the first major brands to offer portable
      276 words
    • 478 8 CURRENCIES Reuters [NEW YORK] The dollar briefly extended gains yesterday, after a report showed that US consumers were much more confident than anticipated in August despite rising fuel costs. The Conference Board's US consumer confidence index rose to 105.6 in August, far above economists'
      Reuters  -  478 words
    • 298 8  -  CHART POINT By Yeo Kee Yan, chartist at Kelive Research BEARS were out in full force right from the start of the week. As Hurricane Katrina swept through the US Gulf coast, oil-rig operations were disrupted, triggering a momentary jump in the oil price to
      298 words

  • SINGAPORE NEWS
    • 468 9  -  S'pore will spend 10m to construct them using modular two-storey concept By DANIEL BUENAS MORE than a thousand temporary offices are to be put up in the Suntec Centre for delegates to next year's International Monetary Fund-World Bank meeting in
      468 words
    • 359 9  -  By RONNIE LIM THE price of top-end petrol crossed $2 a litre yesterday but only for three hours. Caltex upped its 98octane Platinum grade by nine cents to $2.02 at 11am, then dropped it to $1.99 at 2pm to match rival Shell, which
      FILE PHOTO  -  359 words
    • SINGAPORE ROUNDUP
      • 95 9 THE Singapore Institute of Directors and Ngee Ann Polytechnic's School of Business and Accountancy are jointly conducting a survey on corporate governance for small and medium enterprises (SMEs). The study is supported by the Association of Small and Medium Enterprises (ASME) and the
        95 words
      • 119 9 FROM today, a link-up between the Land Transport Authority and Sing Tel will allow motorists to pay their ERP charges more flexibly. Under the new Easi-ERP system, drivers without a cashcard or with insufficient value on their cashcard can receive
        119 words
      • 103 9 NOMURA Singapore has appointed Michael Lim as senior adviser, tapping his experience of more than 35 years in the public and private sectors. In this newly created strategic role, Mr Lim will act as adviser to the firm on issues from business
        103 words
      • 89 9 WESTERN Union has appointed Sunil Balagopal to the newly created position of regional vice-president for South-east Asia. He will be based in Singapore and will be responsible for driving growth in money transfer transactions and revenues here, as well as in Malaysia,
        89 words
      • 109 9 SENTOSA'S Serapong course will play host to the 42nd Singapore Open from Sept 8-11. The tournament will see some of the world's finest golfers compete for a US$2 million prize purse. With a line-up of 128 players, including such names as world
        109 words
    • 261 9  -  By RACHEL LIN THE Singapore Manufacturers' Federation (SMa) and DP Information Group have set up an information centre to provide credit bureau know-how to businesses. The SMa-DP Corporate Centre offers credit management services so companies can check the payment records of potential
      261 words
    • 452 9  -  By JEAN CHUA CHINA is set to become one of the most important markets in Asia for business travel, but organisations there have a long way to go in terms of tackling unnecessary expenses. "The Chinese market has great potential for growth," said
      452 words
    • 215 9 CPG Consultants has clinched the design contract for the Youth Cultural House in Ho Chi Minh City, a recreational, cultural and retail hub which will cost US$26 million to build. The design and urban management consultancy landed the contract after emerging tops
      215 words
  • Page 9 Advertisements
    • 123 9 ■HBhUH 2 nd Leadership Summit On Human Capital CEO of the Future: Are You One? HHHHI Whether you are holding office as a CEO, or preparing to be one, or grooming successors for your role, one thing B is sure the future will not be more of the same. What
      123 words

  • ECONOMY WATCH
    • 862 10 Analysts waiting for clearer signs before cutting growth forecasts Bloomberg [SINGAPORE] Asian economic growth is under threat should oil prices return to levels above US$7O, economists said. Expansion in Japan, China, South Korea and Taiwan may cool if global consumers are forced to
      Bloomberg  -  862 words
    • 607 10 AFP [MANlLA] Asia is making giant steps in fighting poverty but 1.85 billion or 57 per cent of its people still live on less than US$2 a day, mostly in rising economic powerhouses India and China, says the
      AFP  -  607 words
    • 254 10 Bloomberg [BANGKOK] Thailand's finance ministry yesterday cut its economic growth forecast for this year to as little as 4.1 per cent, citing the impact of higher oil prices. The ministry has raised its assumption for the average price of Dubai crude this year to US$4B.3
      Bloomberg  -  254 words
    • 444 10  -  By ANTHONY ROWLEY in Tokyo JAPAN'S economic recovery, which is being touted by Prime Minister Junichiro Koizumi in the run-up to next month's election, ran up against the buffers last month as retail sales and overall household spending dropped unexpectedly, and as unemployment reversed its recent
      AP  -  444 words
    • 401 10 Reuters [NEW YORK] The mood of US consumers brightened unexpectedly in August as an improving job market outweighed rising gasoline prices, a survey showed yesterday. The Conference Board said its consumer confidence index rose in August to 105.6 from a revised 103.6 in
      Reuters  -  401 words
    • 243 10 Gold nears 7-day low on selling fear Bloomberg [SYDNEY] Gold traded near a seven-day closing low on concern hedge funds and other large speculators may start selling their holdings, after increasing them to their largest size since at least February 1983. The speculators tripled their bets on rising gold prices
      Bloomberg  -  243 words
  • Page 10 Advertisements
    • 302 10 SGA SOCl£T£ GEiNERALE ACCEPTANCE N.V. NOTICE TO WARRANTHOLDERS To all holders of 15,000,000 European Style Cash Settled Call Warrants relating to the ordinary shares of ComfortDelGro Corporation Limited expiring on 5 December 2005 (COMFORTDELGRO SGA ECW*****5) (the "Warrants"). Notice is hereby given by SGA Soci6t6 G6n6rale Acceptance N.V. in respect
      302 words

  • Page 11 Advertisements
    • 4638 11 Notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF NAVILOGIC SEA PTE LTD (IN PROVISIONAL LIQUIDATION) ("the Company") (Company Registration No: *****6511K) NmifF OF APPOINTMENT OF PROVISIONAL LIQUIDATORS NOTICE IS HEREBY GIVEN that Mr Yin Kum Chay and Mr R.S. Ramasamy of M/s K
      4,638 words
    • 1130 11 /SUMITOMO MITSUI SMFG FINANCIAL GROUP, INC. Annual Report for the Year Ended March 31, 2005 BOARD OF DIRECTORS (As of June 29. 2005) Chairman of the Board and Representative Director Masayuki Oku President and Representative Director Teisuke Krtayama Daputv Praaidant and Representative Director Morio Kusunoki Diractora Masahide Hiratawa Shigeru Nishiyama
      1,130 words

  • MALAYSIA/INDONESIA
    • 632 12  -  Umno Youth proposal to bring back NEP sparks race-divide debate By S JAYASANKARAN in Kuala Lumpur THE notion of hiring a foreigner to head Malaysian Airline System, or MAS, has inflamed an already longrunning national debate. Last week the state-owned airline announced its worst
      632 words
    • 325 12 Company is now the largest foreign energy company in the region [JAKARTA] Chevron Corp, the world's fifth-largest energy company, plans to make Indonesia the headquarters for its Asian operations, after its recent acquisition of a smaller rival turned the country into its largest
      325 words
    • 144 12 AFP [KUALA LUMPUR] Malaysia's national oil firm Petronas said yesterday it has strengthened its presence in Sudan by taking a 50 per cent stake in a refinery project to produce high-quality petroleum products. Petronas said its unit Petronas International Corp Ltd had agreed to
      AFP  -  144 words
    • 2317 12 VOl General Corp .0.41 unch 272 Aug 38 H W- Com Genting 19.10 *20 398 George Kent .0.58 uncti 75 AAMRealty 1.48 unch 8 GHL System j0.17 -0.01 1695 Abrte AW 001 44 GlobetronicsTeeh 0.38 uncti 827 ACPIndustrias 0.63 0.02 246 GlomacBhd ...1.39 0.01 187 Advance Synergy -0-26
      2,317 words
  • Page 12 Advertisements
    • 1257 12 *ri vcrtise call toll-free 1800 289 8822 Email: notices@sph.com.sg 5. In terms of RBI guidelines, the bank has transferred an amount of Rs 2.20 BALANCE SHEET million from Investment Fluctuation Reserve to Profit and Loss Appropriation OOO's omitted 6. The bank took over the schemes of 801 Mutual Fund with
      1,257 words

  • GREATER CHINA/INDIA
    • 332 13 He cites govt interference, attempts to forcibly appoint directors Reuters [NEW DELHI] The chief of India's state-run Oil and Natural Gas Corp (ONGC) has offered to quit, citing interference from government officials and attempts to forcibly appoint board directors, a newspaper
      Reuters  -  332 words
    • NOTE BOOK
      • 96 13 AFP [BEIJING] China has adopted a new design for its currency, the yuan, to reduce counterfeiting, with the new edition of notes going into circulation today, the central bank announced. The State Council, China's cabinet, has approved the issue of the new notes in
        AFP  -  96 words
      • 68 13 Reuters [HONG KONG] China's top offshore oil and gas producer, CNOOC Ltd, reported yesterday a 69 per cent rise in first-half earnings to a new record on surging crude pieces, despite market fears that it might miss full-year production targets. Beijing-based CNOOC earned
        Reuters  -  68 words
      • 76 13 Reuters [MUMBAI] The Blackstone Group, a private investment and advisory firm that manages US$l4 billion globally, is looking to tap India's offshore services sector for its US-based clients, a top official said yesterday. New York-based Blackstone, which has 40 US-based portfolio firms, aims to invest US$25-50
        Reuters  -  76 words
      • 77 13 Reuters [SHANGHAI] China Development Bank, a policy lender that specialises in infrastructure financing, aims to issue the country's first asset-backed securities in September, a source close to the deal said yesterday. The policy lender, one of three in the country, will issue
        Reuters  -  77 words
    • 88 13 [BEIJING] National Basketball Association (NBA) star player Tracy McGrady of the Houston Rockets (right) reaching for the T-Mac 5. during the launch of the Adidas shoe in Beijing on Monday. Adidas launched a special edition of the shoe for the Chinese market and McGrady will
      AP  -  88 words
    • 261 13 Reuters [MUMBAI] India's Reliance Industries Ltd said yesterday its board did not have any proposal to acquire BP pic's refinery and petrochemicals units in Belgium and France. Reliance, India's top petrochemicals maker and private refiner, was responding to stock exchange queries about
      Reuters  -  261 words
    • 292 13 It insists it is an international and transparent group [HONG KONG] Huawei Technologies, the Chinese telecoms equipment maker, yesterday hit back at concerns voiced by Indian intelligence services about its potential links with the Chinese military, insisting it was "an international and transparent company",
      292 words
    • 387 13 [HONG KONG] Merrill Lynch and Deutsche Bank are set to protest against a decision by the Bank of China (BOC) to hire rivals Goldman Sachs, ÜBS and Bank of China International (BOCI) to sponsor its US$5 billion offshore initial
      387 words
    • 215 13 Bloomberg [NEW DELHI] State Bank of India (SBI), the nation's biggest lender, plans to acquire a "few more banks" overseas after making an acquisition in Mauritius last February, said chairman A K Purwar. An acquisition may be announced in six to eight weeks'
      Bloomberg  -  215 words
  • Page 13 Advertisements
    • 124 13 Institute Public Singapore Certified Public Accountant Singapore: a designation that gives you an identity instantly associated with integrity and professionalism in the accountancy profession. The CPA Singapore designation provides you with a distinct competitive edge over other accountants. As the prestigious national organisation of accountancy professionals in Singapore, ICPAS offers
      124 words

  • ASIA-PACIFIC/WORLD
    • 875 14 Katrina leaves over 80 people dead, damage set to drive prices even higher AP. Bloomberg [NEW ORLEANS] World energy and insurance markets were picking up the pieces after the devastating Hurricane Katrina ravaged Gulf of Mexico coastline yesterday, leaving significant human casualties in
      AP.; Bloomberg; AP  -  875 words
    • 241 14 AFP [SAN FRANCISCO] Yahoo was to spotlight its video search service, and the clips of amateur film-mak-ers, on its website beginning yesterday as part of its first "Yammys" awards, according to the US Internet company. Computer-users can visit the Yahoo website any time from
      AFP  -  241 words
    • 252 14 AP [BANGKOK] Facing rising oil prices and an economic slowdown, the Thai government will scrap at least part of a high-profile electric train network for traffic-clogged Bangkok in favour of buses, the prime minister said yesterday. Prime Minister Thaksin Shinawatra said the price
      AP  -  252 words
    • 358 14 Bloomberg [SYDNEY] John Fairfax Holdings Ltd, Australia's second-biggest newspaper publisher, is more likely to be a takeover target than a buyer under planned changes to media ownership laws, JPMorgan Chase Co said. Fairfax, which publishes Melbourne's Age and the Sydney Morning
      Bloomberg  -  358 words
    • 567 14 AFP [BRUSSELS] European Union (EU) trade chief Peter Mandelson stepped up pressure on EU governments yesterday to agree on urgent measures to break a logjam in Chinese textile imports, warning of shortages and price hikes if no action were taken. Mr Mandelson
      AFP  -  567 words

  • WORLD
    • 668 15 Move will avoid possible job losses, and repeat of Andersen outcome AP [WASHINGTON] Government lawyers have decided to settle a tax fraud investigation of KPMG rather than pursue criminal charges to avoid the possibility of duplicating the loss of thousands of
      AP  -  668 words
    • 190 15 Bloomberg [LONDON] Sixty per cent of people in the UK don't read mail relating to their bank accounts, pensions and mortgages because they are either uninterested or find such letters too difficult to understand, a survey found. "The lack of attention paid to •pensions,
      Bloomberg  -  190 words
    • 467 15 NYT [SAN FRANCISCO] Apple Computer and Motorola plan next week to unveil a long-awaited mobile phone and music player that will incorporate Apple's iTunes software, a telecommunications analyst who has been briefed on the announcement said on Monday. The development marks a melding
      NYT; REUTERS  -  467 words
  • Page 15 Advertisements
    • 110 15 M Gold Sponsor: f\ Of A Deloitte. POWER-GENIUI/i o. JtL EXHIBITION CONFERENCE 13 15 September 2005 rr and exhibition Centre SCHOkO POIII€R-G€N Asia mm-*.! key to success 252 'S wJk Ttlffß: **x \T WWM /i'; Attending POUI€R-G€N Asia is o key step to success i the re-invigorated Asian seraya pouier
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  • AVIATION
    • 626 16 Surging cost of jet fuel hits earnings; airline says it may report profit in H2 Bloomberg [HONG KONG] China Eastern Airlines Corp, the nation's third-biggest carrier, posted a worse-than-expec-ted loss for the first six months after the cost of jet fuel
      Bloomberg; AFP FILE PHOTO  -  626 words
    • 380 16 Bloomberg [TAIPEI] EVA Airways Corp, Taiwan's secondlargest air carrier, had its third quarterly profit decline as the soaring cost of jet fuel eroded earnings aAd offset increased demand for air travel. Second-quarter net income fell 90 per cent to NT$53 million (552.7
      Bloomberg  -  380 words
    • 288 16 Reuters [SHANGHAI] China's Hainan Airlines Co Ltd, partowned by global financier George Soros, posted yesterday a net loss in the second quarter and warned it might remain in the red for the third as fuel costs soared. The
      Reuters  -  288 words
    • 306 16 He says embattled airline will post profits in Q4 AFP [BANGKOK] Embattled flag carrier Thai Airways' acting president Somchaineuk Engtrakul has vowed to turn the airline's performance around and post profits in the fourth quarter, a report said yesterday. The airline earlier
      AFP; BLOOMBERG  -  306 words
    • 307 16 AFP [MANILA] Manila airport's controversial Terminal 3, which has been closed since 2003, will be opened "as soon as possible" after a deal worth more than US$2OO million was struck, new owners Manila Hotels Corp told AFP yesterday. Jose Lina, Manila Hotels president, confirmed
      AFP  -  307 words
    • 1768 16 on nww www tn g$2 igo SQ468 2240 ISf wS H8 5«i= WW 2155 g a? II i Ahm.d«h»4 SQ443 0830 0ww(n AF8087 1650 A078B 221S £gS!S! Is :1- Mm J n asaai s? gsa ssss n#IMII SQ348 0100 S2J07 0715 jOSS 1145 AudilMd EK433 0215
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  • Page 16 Miscellaneous
    • 215 16 CRYPTIC CROSSWORD move U 17 Lean nurse (4) piece (4) 2 One to get upset over a trifle 3 Develop part of a revolver (6) tional Trust rival (10) YESTERDAY'S SOLUTION 4 Organise a gay reel with en- 14 Apple taken from a tree (5) Across: 1 April Fool, 6
      215 words

  • SHIPPING
    • 490 17 Size of any one customer won't impact others at multi-user berths [SINGAPORE] Malaysia's Port of Tanjung Pelepas (PTP) has dismissed talk that its second biggest customer, Evergreen Marine Corp, may move back to Singapore to enjoy better connectivity and service. "The shipping industry
      FILE PHOTO  -  490 words
    • 861 17  -  STRAIT TALK By DAVID HUGHES SO Neptune Orient Lines (NOL) will be left "standing on the, dance floor" now that the most eligible potential partners have been whisked off their feet by Maersk and TUI, suitors for P&O Nedlloyd (PONL) and CP Ships respectively. Or at
      861 words
    • 149 17 Bloomberg [LONDON] Pirates armed with machine guns held a liquefied petroleum tanker's (LPG) master and two crewmembers at gunpoint off Iraq last week before escaping with cash and property, the International Maritime Bureau (1MB) said. Three gunmen boarded the tanker at Khawr
      Bloomberg  -  149 words
    • 217 17  -  By GEORGE JOSEPH [SINGAPORE] Business people here will be able to look at opportunities in the Indian logistics market and network with senior government officials and executives at a one day seminar to be held next Thursday. Organised jointly by the Singapore Business Federation
      217 words
  • Page 17 Advertisements
    • 23 17 Maraftml 81# Ctarftation Keeping you ISCIasS a t the forefront •jrr ■dMMjB of maritime safety, S e Cur ity and ■■SMSfI environmental protection
      23 words
    • 678 17 NOTICE TO TRADE FEEDER OPERATORS SOC SHIPMENTS REVISION IN FUEL ADDITIONAL EFFECTIVE 15 SEPTEMBER 2005 Arising from the regular review of bunker prices, feeder operators wish to inform the trade that the current Fuel Additional (FA) will be revised to the following levels for all inbound and outbound shipments (Laden
      678 words

  • EDITORIAL & OPINION
    • 513 18 EDITORIAL THERE is a school of thought which holds that China stocks listed on the Singapore Exchange (SGX) must eventually play catch-up with the rest of the local market or their counterparts listed in Hong Kong. A local broking report for example, pointed out
      513 words
    • 738 18  -  THE BOTTOM LINE FRANK CHING DESPITE all the negative publicity that more often than not engulfs China, every once in a while something happens that makes one think that perhaps the country is on the right path after all and that its
      738 words
    • 901 18  -  With average price paid in takeovers more than doubling recently, companies like CNPC and Chevron are showing confidence that higher-priced crude is here to stay By DAN LONKEVICH Bloomberg OIL companies such as China National Petroleum Corp and* Chevron Corp are showing
      Bloomberg; BLOOMBERG  -  901 words
    • 1773 19  -  Failure to take measures to prevent a further sharp depreciation of the currency could lead to a vicious cycle By RAMKISHEN S RAJAN, SUNIL RONGALA INDONESIA was the country that was hardest by the regional crisis eight years ago and has only recently shown positive
      AFP  -  1,773 words
    • 606 19  -  By EBERHARD RHEIN IN the first half of 2005, gasoline consumption in Germany and Belgium and presumably in many other countries fell by about 10 per cent. We have not seen a drop like this for many years. It shows that the market mechanism continues
      606 words

  • Page 19 Advertisements
    • 674 19 ,\oticcs o twcawK MACQUARIE BANK LIMITED (ABN 46 008 583 542) (incorporated under the laws of Australia) NOTICE TO WARRANTHOLDERS To all holders of 15,000,000 European Styla Cash Settled Call Warranto expiring on 6 January 2006 relating to the ordinary shares of ComfortDeiGro Corporation Limited (COMFORTDELGRO MBL ECWO6OIO6) (the "i«i.
      674 words

  • 10203 20 SGX MAINBOARD S2-Wk Td Last Vol Day Latt Quote GrtXv Dtv GrVM Mat MCap High Low Coda Company Sala fOOO) Htfi low Buyer SaMar Cw S M ill 10 2 5716 1st Software 5c 2.5 -0.5 590 2.5 2.5 2.5 3 101 29 8.5 3148 8Teiecom US2c.._ 9
    10,203 words
  • Page 20 Advertisements
    • 46 20 Audemars Figuet J.mm w» n M WATCHES M Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. V "> h ""X Singapore J3SBBI. T.I: (523« 6678 Fax: 6238 6676. NgM Ann City TeL 6733 0618 Lucky Plan Tel: 6737 46*8 http://www.audemarspjguet.com Suntec City Mall Tel: 6337 5150
      46 words

  • 6348 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool am In SS to 0S$ %<ty %y» dy yr dy *y» Aug 29 Index Change Chary Chang* Ouwq* Owy Charge World Inden Preliminary 8926 00 47 03 4.1 -03 10 t lAff. Preliminary 8505 -0.2 10.1 -0.1 *3 -0.7 15 turope
    6,348 words

  • Page 22 Advertisements
    • 946 22 t NYK GROUP SOUTH ASIA PTE LTD T S EML LINE Fax:6292 2856(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) NIPPON YUSEN KAISHA TOKVO K>»*KU KASHA. 00. (C/RNO: **********0E) awn unonooooo jX 72 Anton Rood, Fa*': *63 *****135 fp 9 >3 Anton House Singapore *****1 Website: www.M«rtoHinM.«wi ttfIMCTTVHKJB I lmop> NQ(- sufi Mni Ado Shwtghoi
      946 words
    • 823 22 IINTfRASU RORO StRVKE VBSa/VOY MWPQO) HBCHKW) MO Kffl lO S« XT STVAITS VENTURE 1 l/DS 1$ 3.2 01/09 04/09 08/09 11/W 13/W STRAITS VEHTURE If/05 IS 3.2 15/09 18/09 22/09 25/09 27/09 STRAITS VENTURE 20/05 15 12 30/09 02/10 06/10 W/10 11/10 AUSTRALIAN RORO SERVICI VtSSa/VOT RAMKKT) I HBGHTOUI LP
      823 words

  • Page 23 Advertisements
    • 1152 23 a "Bg* MS* SaVKI (KPOtT) ETA ETA IB Ok PORT (LANG SINGAPORE MUSMNE SYDNEY KUOIIRNI AOBAIOE TOtT HANG SMGAPORE ORtSOANE SYPNPf MBJOURNI ABBAM CSCLI lAMBI QMS 01/09 02/09 WW 14/09 17/W 20/09 CSCI XIAMB> O>4S 29/09 30/09 H/10 12/10 15/10 11/10 ABKASmSO3S 01/09 09/09 19/09 21/09 24/09 27/09 AffKA SW
      1,152 words
    • 1227 23 VESSa VOY_ _Sjjj_ _JICT_ _MICG_ _jCHH_ JN(_ JYH_ _TUS_ VBSE VOY SIN JOT SUB HKG USW PUS HYPtOGKESS 100S 25/1 27/8 1/9 3/9 5/9 7/9 7/» KMTC JAKACTA 512S 4/9 7/9 8/9 13/9 17/9 18/9 HYWIDGf 099S 1/9 3/9 1/1 10/! 12/9 14/» 14/1 KMT( UISAN 517s 11/9 14/9 IS/9
      1,227 words
    • 901 23 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vtssa VOT sm pjoang COUMMO hswy* cokmmo ra re lAJIV GAMDHI OQ9tW 12SEP 13 SEP 16 SEP HSg 22Sg noamtUMA Ymo?3 iisg MStp nsg ZJJ2 PACIFIC QUEST 001 M 26 SEP 27 AUG 30 Sg 03
      901 words

  • Page 24 Advertisements
    • 912 24 IAJW WALLENIUS WILHELMSEN website: http://www.2wglobal.com LK mo HOW IMA SAY »*l OOF NTC HfW MOI TAPIOLA ALSI9 4001 MS 6.3 M I 06/09 13/10 15/10 11//10 20/10 TUAS AFS2S 4?oTmi I 6.4 M I 13/09 10/10 19/10 23/10 21/10 26/10 TAMERLANE AF526 |320TMS 6.4 M 21/09 21/10 30/10 03/11 07/11
      912 words
    • 1527 24 vessel voy sm rou vtssti vor sin jkt PAC lAMDA IS43N 26/ M 26/08 PACIIOTAN 43J3 27/0? 30/04 PACIANDA 1544N 97/ M 91/ OS PAC SXU 4181 29/0401/09 SfSr 0165P IS 2S/M WU -Blfo 5^W~ PAC lANDA miM 2&M 2szfis_ ma^mrnwrnrnvmaam CT2MI &IMC 2SZ&S 31/ M Pit lANDA IS46N SO/Oft
      1,527 words
    • 598 24 BSA jl MYANMA ffl FIVE STAR UNE (Myamnar National Lino) Loading lor Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 348W SID PAGAN 349W SLD IN MALAYSIA: IOUSTIAD SHIPPING AGENCIES KUL/PKL: 03-*****388 PEN: 04-*****15 Ml ACCEPTINB CONVENTIONAL CBO VESSEL VOY HKG SIN PGU PKL KUC MARINE STAR 74 SU> SID
      598 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8569 25 ETA ETA Adverts* Vessel Voyage Telephone ETA ETA Afrertfcf Vessrf 222wT SIN Desfn Name Name Number Number SIN Dun KMN Mm I 16/09 24/10 CMACGM API PANAMA 006t *****800 To ABIDJAN (ABJ) 2003 Cote D'lvoire To AUCKLAND (AKL) 2031 New Zealand 10/09 18/10 China
      8,569 words
  • Page 25 Advertisements
    • 414 25 Kli Taiwan KM kee khh txg \Weekly Consol Service/ E9 V— USA All IPI via LAX/NYC (MLB/AWS) LCL FCIi rates! HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****896 FAX: *****086 OPR CODE "DZ" CR NO **********02 MARKET!NO SALES: KELVIN CHUA: *****838, MELINA LEE: *****187 ptklamo .vtou-mmMitm s*om-wcm*-9m VESSEL VOYAGE PKG
      414 words
    • 586 25 I FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, II Freight Links Express Logisticentre, Singapore *****3 WF Tel: *****511 Fax: *****577 1 r*~ E-mail: flesin@singnet.com.sg >••• > E» Website: http://www.freightlinks.net 1 ATTRACTIVE RATES TO: ALEXANDRIA GENOA KEELUNG KAOHSIUNG LE HAVRE MALTA MAHE MARSEILLE WP CEBU DALIAN MONO KONG
      586 words
    • 267 25 TIGER WAVE 3un 03-04/09 09-11/09 17-11/091 ■MUliUlTlGfil PEARL 31SN 06-07/09 13-15/09 20-21/09 TIGER SEA 316H 10-11/09 16 18/09 24-25/09 ■■■■■TIGER SKY 317N 13-14/09 20-22/09 27-28/09 TIGER WAVE 31BN 17-18/09 23-25/09 01-02/10 ■fffflfflNflTlGEß CUFF 015N 03-04/09 11-13/09 21-22/09 ■iUUUjITIGER SPIRIT 101 06-07/09 14-16/09 24-25/09 I WMPHUTAH 321 07-07/09FQR MSCHARGIHGOHLY B||ifjJliyjlNKTOJ^^^^oo^3^l!^^MJD7^^lM7^^B MffIfIMTIGERCUff
      267 words


  • MOTORING
    • 505 27  -  Parallel importer Richburg Motors is focusing on premium MPV and SUV models to boost its image, reports SAMUEL EE SAMUEL EE RICHBURG Motors has repositioned its product line-up to distinguish itself from other local parallel importers and will now focus on premium MPV and SUV
      ARTHUR LEE  -  505 words
    • 247 27 THE Toyota Harrier Hybrid is a petrol-electric SUV which promises to offer luxury motoring with a smaller fuel bill. The Harrier is a Japanese domestic market version of the Lexu% RX3OO luxury SUV offered by authorised distributor Borneo Motors Singapore. Both have identical
      247 words
    • 456 27  -  By SAMUEL EE THE Porsche Cayman seems to have opened up a new market for the German sports car manufacturer, with the new model netting 15 orders here even before it arrives in the first quarter of 2006. Authorised distributor Stuttgart Auto said the majority
      456 words
  • Page 27 Advertisements
    • 114 27 ®(oli ftG9Hpf K i I^^lBhl vMsm* ■HiMßVTCimHppHpn NMHIIPV^ 1 MMBWWtefrw of Chinese newspaper to know ;your great I JiM M f llJP|^^^ m 8 rffPP! J ■hm^IHI shkh r mlm 9* 1 I bH I *JrfCr BsK ft. JHhtot*. m i 1 111 H IB I I Ji y Wk
      114 words

  • EXECUTIVE MONEY
    • 1019 28  -  MONEY MATTERS Is buying one a good financial decision? Or is renting a better option? CHRISTOPHER TAN BACK in 2001, my wife and I were taken to this property that overlooked the reservoir, a big swimming pool and a quarry. I remember
      1,019 words
    • 347 28  -  By Chua Boon Lee, Standard A Root's Associate, Fund Services The runaway rise in crude oil prices to over US$7O has thrust the global energy sector to the front of fwe&rs' radar screens. WeflV^' <^re P^^ c^,s fr e^ef^tosec^v^ta, energy sources intermittent suppty dsruptions coupled with
      Source: S&P Fund Services  -  347 words
    • 1166 29  -  YOU THE TAXMAN TAN BENG TI and RICHARD DEARING discuss the opportunities and challenges presented by FTAs in the Asia-Pacific By ERNST YOUNG NOW, more than ever before, countries are becoming increasingly plugged into the global economy. Global trade reached U5514.86 trillion in 2004,
      1,166 words
    • 4828 29 UNIT TRUSTS FUNDS dit-Europazms/SSEq.) r 95.0818/ Citigroup ftwit Myt ABN Amro Asset Mgt (S'pore) 0# GM>5Bond/ A --•—-J SHr Europe Eqty'" 0.833/ Citi Asia Infrastructure 0.7726/0.8035 Star Etrope Bond 1-261/ GO Japan— Star Europe Bal 1.15/ CitiBond S pore A/$ 1293/ Star Asian Tiger Eqty 1.011/ CitiBond S'pore B/S 1344/
      4,828 words
    • 1195 30  -  GENEVIEVE CUA GENEVIEVE CUA goes on a mystery shopping exercise at five retail banks IT must be asked whether the three years since the passing into law of the Financial Advisers Act has seen the retail marketing landscape for financial products improve.
      FILE PHOTO  -  1,195 words
    • 355 30 HOW might non-bank advisers go about constructing a portfolio to fund a child's future education, given a horizon of 10 to 12 years? Christopher Tan of Providend, the independent financial adviser, says for a child's portfolio, the firm tries to gauge three aspects
      355 words
    • 514 30  -  By GENEVIEVE CUA EMERGING market equity funds have delivered roaring returns in the last three years, some in the triple digit, but is there any juice left? Aberdeen Asset Management, which recently launched a global emerging market (GEM) equity
      514 words
  • Page 28 Advertisements
    • 76 28 Ba&m MH Need the flexibility of extra cash to grab the next bull run by the horns, or just for unexpected purchases? Convert your shares into instant cash at a low interest rate*. Talk to our Relationship Managers today. SINGAPURA FINANCE Hotline: 688 00 688 FROM VISION TO REALITY WWW.SINGAPURAFINANCE.COM.se
      76 words

  • Page 29 Advertisements
    • 28 29 PIMCO Global Real Return Fund a fund that is hedged against global inflation. Allianz (fij) Rated 5-star by Mercer Investment Consulting Global investors company regn no *****7169/ 4
      28 words

  • Page 30 Advertisements
    • 320 30 Discovering hidden GEMS The rapid growth of the world's developing nations, both in terms of size and activity, is one of the most exciting stories in today's financial markets. Structural reforms, more stable governments and booming demand for raw materials and goods have improved GEM fundamentals. These relatively untapped markets
      320 words
    • 287 30 MONEY MATTERS Twice twice before you buy private property PG 28 BIfIBMfKM^TTTrTSTrSTTfnTITTrKifTnTVnTnTiTnT^H^^^HHI 0t I The MOST Accurate 8c Precise charting techniques as compared to all other traditional forms of Technical Analysis. l-P +i ±m Come to SEE FEEL how you can MAKE MORE PROFITS by 111 I determining precise Entry/Exit
      287 words