The Business Times, 1 September 2005

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Total Pages: 30
1 30 The Business Times

  • TOP STORIES
    • 574 2 RTC members may get vouchers in lieu of cash RAFFLES Town Club members could get $3,000 of food and beverage vouchers or a reduction in membership transfer fees in lieu of $3,000 cash that the club's owner has been ordered to pay 4,895 of them for breach of
      574 words
    • 781 2  -  Yudhoyono announces fuel hikes in October to boost rupiah From From ANTHONY ROWLEY in Tokyo and SHOEB KAGDA in Tokyo in Jakarta AMID increasing weakness and turbulence in the exchange rate of the rupiah, Indonesia and Japan yesterday agreed to double to US$6
      REUTERS  -  781 words
    • 49 2 IN yesterday's report, "Motorists can pay ERP bills via Sing Tel mobile bills", telecommunications companies other than Sing Tel that are interested in joining the Easi-ERP scheme will be included from the end of November, not end of September as incorrectly reported. We are sorry for the error.
      49 words
    • 564 4  -  RAFFLES TOWN CLUB SAGA Court allows club owner to arrange a scheme to settle suit obligations By VEN SREENIVASAN [SINGAPORE] Raffles Town Club members could get $3,000 of food and beverage vouchers or a reduction in membership transfer fees in lieu of
      564 words
    • 328 4 National Day event sees the two hugging in an emotional embrace AFP [KUALA LUMPUR] A bitter quarrel between former premier Mahathir Mohamad and Trade Minister Rafidah Aziz that has captivated Malaysia was put to rest yesterday as the pair shared a public and
      AFP  -  328 words
    • 483 4  -  Interface patent allows royalty claims in principle By UMA SHANKARI [SINGAPORE! Creative Technology is unlikely to see a huge pay-off from a patent that allows it in principle to claim royalties from US giant Apple Computer, analysts said
      483 words
    • 137 4 STI 2,***** (+6.94) ST INDEX FUTURES 2.278.00 (+10.00) siMsa 269.26 (+0.32) SIMSa FUTURES 269.70 (+0.80) MARKETS Wednesday Change KLSE COMP closed NIKKEI 225 12,413.60 -39.54 HANG SENG 14,903.55 -18.67 SET INDEX 697.85 +4.99 JAKARTA COMP 1,050.09 +10.27 MANILA COMP 1,936.90 -14.73 SEOUL COMP 1,083.33 +10.72 SHENZHEN B 219.47
      137 words
    • 330 4 LATEST US DATA Reuters [WASHINGTON] US economic growth was a touch weaker in the second quarter than first thought, the government said yesterday, as consumers spent less than estimated and businesses built inventories slightly. US gross domestic product grew at a revised
      Reuters  -  330 words
  • Page 2 Advertisements
    • 398 2 Financial Reporting Update Hb fll Many companies are adopting new accounting standards in the current financial year and getting to grips with employee share options, investments and other financial instruments, and the new rules on ft business acquisitions. Constant change seems to be the order of the B ir da
      398 words
    • 250 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 I The Consultancy Group
      250 words

  • Page 3 Advertisements
    • 117 3 Panasonic Discover true colours VlffA J j fi4 "SpfJsfef Igp ||JJ SSB Night rainbow legend i l'he subtle olouis of the Hawaiian night rainbow is j said to bnng countless blessings on all who see it. Now with the VIFRA. you too can discover the blessings of colours as subtle
      117 words

  • Page 4 Advertisements
    • 36 4 r€VU^<WM- AN EXCLUSIVE SALE 2nd to 4th September ISETAN SCOTTS, EVENT HALL, LEVEL 4 (2 Sept '05 Isetan Scotts will open at Ham.) ISETAN SINGAPORE www.isetan.com.sg Isetan Scotts Tel: 6733 1111. Open Daily 10.00 am 9.30pm.
      36 words
    • 30 4 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.
      30 words
    • 34 4 r I Check out a wide range of courses in "Learning for Success". An education feature KaV in The Straits Times W* Classified every c .a>.s. Monday. Buy It. Sell It. Find It. I
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  • Page 5 Advertisements
    • 842 5 The mark of a quality system for education V What is Case Trust? Penny Low Case Trust is a quality mark awarded by the Consumers Vice President of CASE Association of Singapore (case) to businesses in ■J chairperson of Case Trust Advisory Council Singapore that are committed towards maintaining high
      842 words

  • COMPANY NEWS
    • 219 6 FAIRFIELD Straits Lion Asset Management (FSL) has launched a new long short equity hedge fund investing in China, Hong Kong and Taiwan. The fund aims to generate returns with a low average net exposure to the market through three strategies cross-border trading, directional trading,
      219 words
    • 228 6 Bloomberg TOTAL Access Communication Pel, Thailand's secondlargest mobile-phone operator, said it added 86 per cent less users in July than June after stopping a call-rate promotion. Total Access added 7,847 subscribers in July, compared with 57,031 in June, the Singapore-listed company said yesterday
      Bloomberg  -  228 words
    • 747 6  -  Annual general meeting sees good turnout; all 7 resolutions tabled passed By JEAN CHUA NEVER mind that it came four months late because of two date extensions, the annual general meeting of Accord Customer Care Solutions (ACCS) was rather well attended when it
      FILE PHOTO  -  747 words
    • 481 6  -  Market cap drops 2.9% to $418.6b as oil fears sink in By SIOW LI SEN PUNTEBS were brought down to earth with a bump in August after a heady ride in July as the stock market fell on fears of slowing growth brought
      481 words
    • 321 6 Market cap top 50 CURR PREV COMPANY MKTCAP %CHNG RANK RANK (S$M) FROM AUG 31 JUL 29 AUG 31 JUL 29 2005 2005 2005 2005 1 1 SingTel *****jO -6.8 2 2 DBS Group *****J -3.0 3 3 UOB *****3 -6.0 4 5 OCBC Bank 19S513 -32 5 4 Jardtoe
      321 words
    • 652 8  -  HOCK LOCK SIEW By R SIVANITHY THE latest derivative instrument to appear in the local market is Deutsche Bank's discount certificate (DC). It's an interesting product that may be familiar to sophisticated clients of some local brokers, having surfaced a couple of years ago under
      652 words
    • 447 8 BRILLIANT Manufacturing, which makes hard disk drive (HDD) precision components, is realigning its regional manufacturing operations across Asia to stay close to its key customers", reduce operating costs and secure new customers. The company said yesterday that the realignment will result in Brilliant
      447 words
    • 222 8 OLAM International, a global supply chain manager of agricultural products and food ingredients, has raised US$2OO million through a finance facility arranged by Standard Chartered Bank. The three-year facility comprises US$BO.5 million of floating rate notes (FRNs) and a U*****.5 million transferable loan. Olam
      222 words
    • 366 9  -  Reyoung Pharmaceutical offers 125m shares at 31 cents apiece By UMA SHANKARI ANOTHER China-based drugs company is bound for a mainboard listing. Reyoung Pharmaceutical Holdings, a manufacturer and distributor of pharmaceutical and personal hygiene products headquarterd in Shandong Province, yesterday launched its initial public offering.
      366 words
    • 231 9 Reuters SINGAPORE'S first ex-change-traded bond fund has garnered assets of $456 million after an initial public offering, the manager of the fund said yesterday. The central banks of 11 Asia-Pacific countries have used foreign exchange reserves to seed the ABF Singapore Bond Index
      Reuters  -  231 words
    • COMPANY BRIEFS
      • 66 9 ASIA Water Technology Ltd, a water purification and wastewater treatment specialist, has secured a new water treatment project for a nuclear power plant in Shenzhen, China. Asia Water will be tasked to design, manufacture, supply, inspect and test a water treatment system in the 18.6
        66 words
      • 63 9 COMFORTDFLGBO Coloration said its wholly-owned subsidiary, ComfortDelGro (China), has entered into a 60:40 joint venture in Beijing with Yatai Anxun Network Electronic Technology. The JV to be set up will develop intelligent transportation systems, including vehicle security monitoring and taxi despatching systems, and provide
        63 words
      • 62 9 CHINA Flexible Packaging Holdings, through its wholly-owned subsidiary Jieyang City Rui Xing Plastic Packing Co Ltd, is buying four contiguous land parcels in Guangdong province, China, for 80.9 million yuan (5516.8 million). The property has a total site area of about 72,480 sq m.
        62 words
    • 260 9 NUMBtR CLOSING GROSS MATURITY YEAR RAISED COUPON AMOUNT INTEREST OEDAYSOE PRICES* REDEMPTION ISINCDDE DATE RATI ($m) PAYMENT ACCRUED EXCLUDING YIEID (%pta) DATES INTEREST ACCRUED INTEREST) (%pa) 15.10.2005 N*****0A 1998 43/8 3600.00 15M 15/10 138 100.29 1.98 SG********** 01.*****6 N*****0E 2004
      260 words
  • Page 6 Advertisements
    • 99 6 information aaaaiona in 2006: As a partnership between two leading Singapore universities, the Kellogg-HKUST Executive September 5 MBA program provides the best executive The Fullerton Singapore education that Asia and the US can offer. Tokyo June 8 B#|jjng Recently ranked N0.6 in the world by the June 9 Financial Times.
      99 words

  • Page 7 Advertisements
    • 259 7 f m rgr: a gggggg^v';# **fm My M of NEfrcASTteluMrrepl QDHUUB SIBCO AUSTRALIA PTY LTD www.newsx.com.au r Facilitators for NSX www.sibco.com.au Corporate Headquarters International Representative Offices CHEW YAK MONG-SYNERPAC LIMITED AUSTRALIA Sales Office Incorporated In Singapore *****8608N australia_sales@syenrpac.com 151, Pasir Panjang Road USA Sales Office #01-07 Pasir Panjang Distripark usa_sales@synerpac.com
      259 words

  • Page 8 Advertisements
    • 158 8 ■**>* '•*«*^f &sSffi"''i -VS*- K* t -»i -rfV *-'j» Tf* v vp,.- -'J >. 11l "I j ~*i*i|^^hh lufr*- PI3 L 84 |k «r— kyl I I wMwT&IRa,. Ife'^% I .;1? A#£ IgHMflBMEpr V^W* l/Ve are engaged principally in the manufacturing and sale of:- V* .4-'%" c f d- -5"
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  • Page 9 Advertisements
    • 95 9 can assist you with offshore I structures, shelf companies and incorporations in ALL JSUHR jurisdictions including: e British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further
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  • SINGAPORE MARKETS
    • 510 10  -  STOCKS Jardine stable helps boost STI as brokers see no clear, identifiable themes emerging R SIVANITHY Senior Correspondent |B N broker jargon, "situational plays" were very much in focus yesterday, the term referring to stocks for which there were either specific developments, broker reports or
      Source: Bloomberg  -  510 words
    • TRADES TO WATCH
      • 395 10 ABERDEEN Asset Management has boosted its stake in Eu Yan Sang, raising its interest in the traditional Chinese medicine group from 5.92 per cent to 6.22 per cent or 17.8 million shares. This came a day after Eu Yan Sang reported a
        395 words
      • 100 10  -  Compiled by CHUANG PECK MING IN a series of transactions on the open market on Tuesday, Informatics Holdings' founder and former chairman Wong Tai has trimmed his holdings in the education group to 15.63 per cent from 18.53 per cent at an undisclosed
        100 words
    • Article, Illustration
      436 10 OTHER SINGAPORE INDICES Aug 31 VALUE CLOSE BT OB/OS -252.00 432.00 BT CADI -*****.00 -23.00 BT 10-day MA -*****.00 -25.00 All-SG Equities 581.03 +0.33 SG Equities Elect 137.76 +2.31 SG Equities Fin 1638.57 +5.58 SG Equities Prop 650.12 +4.33 SIMSCI 269.26 +0.32 SiMSCI Futures 269.70 +0.80 MOST ACTIVE STOCKS VOLUME
      436 words
    • Article, Illustration
      905 10  -  Compiled by UMA SHANKARI Creative Technology Aug 31 dose: $13.90 UOB KAY HIAN RESEARCH. Aug 31 CREATIVE Technology announced that it has been awarded Zen patent, blocking Apple Computer's similar patent The impact of Zen patent on Creatine's market position in MP3 player market is positive but very
      Source: Bloomberg  -  905 words
    • 491 10 CURRENCIES Reuters, AFP ASIAN currencies weakened yesterday, with the New Taiwan dollar hitting a 9-1/2 month low, as oil prices hovered near record highs leaving investors worried about the outlook for Asia's growth and inflation. The Indonesian rupiah bucked the trend, gaining more
      Reuters,; AFP  -  491 words

  • SINGAPORE NEWS
    • 437 11  -  Programme will also allow greater access to the US biomedical market By RACHEL LIN SINGAPORE has become the first country to make an arrangement to share test results with the College of American Pathologists (CAP). The arrangement, between CAP and the Singapore Accreditation
      437 words
    • 151 11 PRIME Minister Lee Hsien Loong is making a two-day working visit from tomorrow to Chiangmai, Thailand, at the invitation of his Thai counterpart, Thaksin Shinawatra. They will be exploring ways to strengthen bilateral and regional cooperation. The issues of speeding up Asean integration as well
      151 words
    • 299 11 WINNERS of the Golden Point Singapore's prestigious biennial short story and poetry writing competition, were announced last night in the new Drama Centre at Victoria Street's just-opened National Library. Covering four languages (English, Malay, Mandarin, Tamil) and spanning eight categories, this year's writing contest took
      299 words
    • 416 11  -  By GENEVIEVE CUA UNHAPPY with how a financial product was sold? You can now have recourse to a new dispute resolution centre where complaints and mediation will be handled free of charge. Consumers face a $50 charge only when the matter is referred for
      416 words
    • 394 12  -  Windfall due to AIT Academy's scrapping of string of courses By DANIEL BUENAS EDUCATION services provider Informatics Holdings looks set to gain up to 540 students from rival firm AIT Academy after the latter decided to discontinue some of its
      394 words
    • 349 12  -  By CHEN HUIFEN HEALTHCARE providers here need to differentiate themselves through excellence in professionalism, integrity and compassion, if Singapore wants to succeed in becoming a centre of medical excellence. "To succeed in this long-term venture will require strategic focus," said Manpower Minister Ng
      349 words
    • 209 12 THE Ministry of Transport yesterday announced the appointment of new board members for the Civil Aviation Authority of Singapore (CAAS) and the Land Transport Authority (LTA). Capita Land president and chief executive Liew Mun Leong is the new chairman of CAAS from today, taking
      209 words
    • 176 12 MEMBERS of the team who will sit on the new National Council on Problem Gaming were named yesterday by the Ministry of Community Development Youth and Sports (MCYS). The council was set up as part of Singapore's national framework to address potential problems when
      176 words
    • 5601 12 UNIT TRUSTS FUNDS drt-Europazms(SSEq.) 94.5027/ Citigroup Asset Mgt ABN Amro Asset Mgt (S'pore) Citi Global Bond/ A 1 466/ St» Europe Eqty 1 0829/ Crti Asa Infrastructure 0.7726/0 8035 Star Europe Bond 1 253/ Cm Japan Star Europe Bal 1.144/ CitiBond S'pore A/J 1.293/ Star Asian Tiger Eqty 1 014/
      5,601 words
  • Page 11 Advertisements
    • 109 11 |KnH)||Hk Call toll-free 1800 289 8822 UNITED OVERSEAS BANK LIMITED (Incorporated in Singapore) (Co. Reg. No. *****0026Z) LOST SHARE CERTIFICATES The undermentioned certificates have been reported lost, destroyed or mislaid:Name Certificate No. No. of shares Mow Loon Sdn Bhd *****15-9 205 -do- *****84-8 20 -do- *****02-2 28 -do- *****68-8 50
      109 words
    • 82 11 (And maybe never again*) Fly Business Class to Japan for just $2,168 and enjoy a 2-night stay at The Oriental Bangkok, with American breakfast and return airport transfer in a BMW 7 series limousine. What's more, the Bangkok holiday need not be taken during the Japan trip it can be
      82 words


  • FOCUS: MANUFACTURING
    • 1059 13  -  FURNITURE Despite earlier setback, firm is still eyeing retail, reports CHUANG PECK MING CHUANG PECK MING ■j TL International Holdings ventured into the retail business in 1995 and it turned out to be BggggJH a misadventure. Not only did the shops it opened,
      ARTHUR LEE  -  1,059 words
  • Page 13 Advertisements
    • 2138 13 Notices THE COMPANIES ACT, CAP. 50 GELAS PRODUCTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Company Registration No: *****0747Z At an Extraordinary General Meeting of the Members of GELAS PRODUCTS PTE LTD duly convened and held at 123 Genting Lane #0601 Yenom Industrial Building, Singapore *****4 on the 25th day of
      2,138 words
    • 477 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 56 AND IN THE MATTER OF THE FISH SHOP PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) Company Registration Number *****1228N Statutory Declaration by Director of Company's Inability To Continue Business By Reasons of Its Liabilities I, Wong Peng Hock of 57 Yuk Tong
      477 words
    • 266 13 m Annual Sale 2005 2 ,ul 10 lh September 120 Items Offered An All French Affair Bordeaux Burgundy Rhone Champagne To receive a preview lisl on the evening of Ist1 st September, kindly register your interest with our Sales Personnel or send in your request to vinum@ vinum.com.sg V I
      266 words

  • ECONOMY WATCH
    • 877 14 Economists fear that complacency could further stoke inflation Reuters [SINGAPORE] For much of Asia in the past few years, it's been a case of "so far, so good" when it comes to the impact of surging oil prices on inflation. Governments have protected
      Reuters  -  877 words
    • 968 14 Warning signs of stock, property bubbles emerge Bloomberg [DUBAI] Dubai's economy is booming, thanks to record oil prices and surging real estate values. The Dubai Financial Market has more than tripled in value in 12 months. From 1990 to 2004, Dubai's gross domestic product
      Bloomberg; FILE PHOTO  -  968 words
    • 845 14  -  ASIA INSIGHT Double whammy of price and asset inflation set to hit financial markets ANTHONY ROWLEY Tokyo Correspondent SOARING oil prices have been sent flying even higher by Hurricane Katrina, but even that may be nothing compared with the "perfect storm" that appears to
      845 words
  • Page 14 Advertisements
    • 271 14 I kjy Latin Asia Biz 2005 U I Bridging Partnerships .TJIM2OOS 7- 8 September 2005 Meritus Mandarin Hotel, Singapore Wednesday, 7 September 2005 Keynote Addresses Bridging partnerships: Exploring links between Latin America and Asia World Bank Is there a market for my product? Reaching out to mass consumers in Latin
      271 words

  • MALAYSIA/INDONESIA
    • NOTE BOOK
      • 118 15 Reuters [TAIPEI] A powerful typhoon lashed Taiwan yesterday, sparking worries of flash floods and landslides and forcing offices and schools to close. Typhoon Talim, with gusts near the centre up to 227 kph, is expected to make landfall just to the east of the
        Reuters  -  118 words
      • 88 15 Reuters [SHANGHAI] The investment arm of China's central bank will offer 4 billion yuan (SsB33 million) to Shenyin Wanguo Securities Co, the nation's third-largest broker, as part of a broader campaign to shore up the struggling industry, the company said yesterday. Governmentowned Central Huijin
        Reuters  -  88 words
      • 67 15 Reuters [HONG KONG] China Telecom Corp Ltd, China's biggest fixed-line phone company, said yesterday that its earnings rose by 7.8 per cent jn the first half of 2005, as the company's core business matures and it looks for growth drivers. Excluding contributions from an
        Reuters  -  67 words
      • 39 15 Reuters [BEIJING] China has ordered nearly a third of its thousands of coal mines to halt production and improve safety in the world's deadliest mining industry, state media said yesterday. —Reuters
        Reuters  -  39 words
    • 442 15 If a foreigner is hired, it would be merely to tap his expertise [BANDAR SERI BEGAWAN] No foreigner or foreign groups will ever take over control of any governmentlinked company (GLC) in Malaysia, the Starßiz quoted Prime Minister Datuk Seri Abdullah Ahmad
      REUTERS  -  442 words
    • 346 15 Bloomberg [KUALA LUMPUR] Proton Holdings Bhd, Malaysia's biggest carmaker, reported its first loss in six quarters, citing surging component costs and higher provisions for doubtful debt. Net loss was RM12.4 million (555.5 million), or 2.2 sen a share, in the three months
      Bloomberg  -  346 words
    • 184 15 [HONG KONG] The Indonesian government faces a daunting task in its efforts to restructure a number of underperforming state enterprises as a result of widespread opposition from executives desperate to preserve their power and opportunities for personal enrichment, the Jakarta Post reported yesterday. "There
      184 words
  • Page 15 Advertisements
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      47 words

  • GREATER CHINA/INDIA
    • 786 16 Temasek to pay US$3.lb, and will buy US$500m more shares at bank's IPO Reuters, Bloomberg [SHANGHAI] Bank of China said late yesterday that it is selling a 10 per cent stake to Singapore investment company, Temasek Holdings, for US$3.l billion. The
      Reuters,; Bloomberg; REUTERS  -  786 words
    • 261 16 Bloomberg, Reuters [HONG KONG] Bank of China (BOC), the country's sec-ond-largest lender, said it hired Goldman Sachs Group Inc, ÜBS AG and Bank of China International to underwrite an initial public offering overseas. BOC aims to raise funds from investors in the
      Bloomberg,; Reuters  -  261 words
    • 279 16 Reuters [BEIJING] China has put together a wide-ranging consumer credit database to help commercial banks fend off risk, a key step towards building a moderrj, credit culture that is crucial for rebalancing the economy. The database, after years of construction, has now linked 127
      Reuters  -  279 words
    • 285 16 Reuters [BEIJING/HONG KONG] PetroChina, Asia's most valuable energy company, is selling up to HK$2l billion (554.6 billion) of shared at a discount of about 5-7 per cent, taking advantage of record oil prices that have helped send its stock up 52 per
      Reuters  -  285 words
    • 426 16 He also calls for pro-investment policies in India [NEW DELHI] IT major Wipro Ltd's chairman, Azim Premji, said yesterday that he would reduce his existing holding of over 82 per cent in the company at an "appropriate stage", but did not
      REUTERS  -  426 words
  • Page 16 Advertisements

  • ASIA-PACIFIC/WORLD
    • 760 17 Supply shock drives up petrol prices as US refineries remain crippled Reuters, AFP, AP, NYT [LONDON] United States offered to loan crude from its strategic stockpiles to refiners battered by Hurricane Katrina and oil sank below record highs above US$7O. During early
      Reuters,; AFP,; AP,; NYT; AP  -  760 words
    • 281 17 He stabs himself the day after resigning from politics in disgrace AFP [SYDNEY] A leading Australian politician who resigned in disgrace over a racist remark and sexual harassment of female journalists was recovering in hospital yesterday after an apparent suicide attempt. John Brogden, 36, who quit
      AFP  -  281 words
    • WORLD WATCH
      • 119 17 Reuters [NEW YORK] MCI. the former World Com, has preliminarily agreed to pay 14 states and the District of Columbia a total of US$3l5 million to settle back tax claims, a legal source familiar with the case said on Tuesday. A spokesman for
        Reuters  -  119 words
      • 110 17 AP [SEOUL] South Korea's postal service said yesterday it will begin adopting a Linux-based operating system for computers available for public use at its branches nationwide, shifting away from Microsoft Corp's Windows. The agency's move is aimed at saving money and joining the
        AP  -  110 words
      • 148 17 Reuters [NEW YORK] Federated Department Stores Inc, parent of Macy's and Bloomingdale's stores, on Tuesday said it completed the US$ll billion purchase of rival May Department Stores Inc. Federated plans to operate all May stores, which include Lord Taylor and Filene's, under their existing names
        Reuters  -  148 words
      • 120 17 [LONDON] Manchester United is to make 25 administrative staff redundant, but denied yesterday that the cost-cutting was a result of Malcolm Glazer's takeover of the club, The Guardian reported. The figure represents about 5 per cent of United's 450 non-playing personnel and the cuts
        120 words
    • 570 17 He may pay US$1.5b of the US$6b cost Bloomberg [NEW YORK] Billionaire financier Carl Icahn may make a tender offer for as much as 10 per cent of Time Warner Inc, adding pressure on the media company to buy back shares and
      Bloomberg  -  570 words
    • 330 17 Bloomberg [SAN FRANCISCO] Oracle Corp chief executive Larry Ellison received a pay package worth US$2l.3 million in 2005, twice as much as he received last year for leading the world's thirdlargest software maker. Mr Ellison's salary, bonus and other compensation totalled US$B.44
      Bloomberg; BLOOMBERG  -  330 words
    • 325 17 [NEW YORK] A member of the New York Stock Exchange (NYSE) has been arrested and charged with making violent threats against an opponent of the planned merger with electronic trading firm Archipelago Holdings. Edward Reiss has been accused of leaving an anonymous, angry voice
      325 words

  • AVIATION
    • 451 18 Carriers cancel flights and fear further hikes in fuel prices -NYT [NEW YORK] The airline industry felt the brunt of Hurricane Katrina on Tuesday, with some airports running low on jet fuel and carriers cancelling hundreds of flights. Meanwhile, Wall Street feared that
      -NYT; AFP  -  451 words
    • 229 18 Reuters [SEOUL] South Korea's first budget airline kicked off operations yesterday, taking 46 passengers to the resort island of Cheju on its first journey, the company's chief executive said. Unlisted Hansung Airlines Co will compete with South Korea's two established air carriers Korean Air
      Reuters  -  229 words
    • 539 18 Carrier will buy 10 B787s; pact worth US$1.2b at list price AFP [SHANGHAI] Boeing said yesterday it has finalised a deal to sell 10 787 aircraft to China Southern Airlines, ahead of a visit by President Hu Jintao to the United States where he will
      AFP; AFP FILE PHOTO  -  539 words
    • 283 18 AFP IB ANGKOK] Struggling carrier Phuket Airlines will cut most of its scheduled routes and lease out the bulk of its fleet in a bid to survive, after a series of blows including a ban by France, a report said yesterday. The
      AFP  -  283 words
    • 202 18 Bloomberg IBEIJING] UAL Corp's United Airlines unit said it would get a Chinese company to handle the repair and overhaul work on as many as 80 of its 8777 aircraft made by Boeing Co, using lower wages to cut maintenance cost. The
      Bloomberg  -  202 words
    • 191 18 Bloomberg [SYDNEY] Qantas Airways Ltd, Australia's biggest airline, will eliminate 60 jobs at its Sydney maintenance unit as part of plans to lower costs by As 3 billion (Ss3.B billion) by fiscal 2008. The job losses follow a review of the carrier's
      Bloomberg  -  191 words
    • 1973 18 cmr mair ITA RJtWT FTP K357 102S SQ408 18S5 Denpasar tali SQ141 1145 S0142 0935 Adelaide LH9771 1845 AF8088 2215 17?1 KAMI 1R2S SD230 1845 BAHSJ 2215 GA840 1725 GA841 1825 i»« go SQ147 2235 SQ148 1900 i S0442 2020 0hik3 SQ435 0550 SQ436 2030 Amsterdam
      1,973 words
  • Page 18 Miscellaneous
    • 227 18 CRYPTIC CROSSWORD Lights can be comto have P^B__^illlH___Jllllllllll^Pß______ hh m m H 24 Confused auctioneers missing cue from young lady (8) boorish, drunken H 00 WN L 15 Engelbert performs in a pro- YESTERDAY'S SOLUTION 1 Chap with money invested in tected environment! (5 4) Across: 1 Wine-cellar 9 Oral
      227 words

  • SHIPPING
    • 608 19  -  Lloyd's additional premiums based on the value of a ship's hull and machinery By DONALD URQUHART [SINGAPORE] Increasing numbers of insurers have begun charging additional war risk premiums for vessels using the Malacca Strait, according to a senior marine insurance executive who
      FILE PHOTO  -  608 words
    • 47 19 [ALABAMA]A large vessel and a container cargo ship carrying automobiles are pushed inland in Gulf Shores, Alabama, by Hurricane Katrina on Tuesday. Katrina strengthened into a rare top-ranked storm and barrelled into the vulnerable US Gulf Coast for a second and more deadly assault. REUTERS
      REUTERS  -  47 words
    • 401 19 It seeks deals in natural gas, crude oil shipping IKUALA LUMPUR] Malaysia International Shipping Corp Bhd (MISC) is in talks with parties in India to set up a liqtiefied natural gas (LNG) joint-venture shipping company and another one for the transportation of crude
      401 words
    • 307 19 SGX '000 Aug 31 SS Vol CH Offshore 0.40 unch 754 Chuan Hup 0.88 -0.02 2553 Cosco Corporation 2.35 -0.04 1534 CWT Distribution 0.74 unch 19 Ezra Hldgs 144 -002 1158 Freight Links 0 08 unch 31 Grand Banks Yacht 0.97 -0.01 236 Jaya Holdings 1.30 0 04
      307 words
    • 280 19 Bloomberg [SFOUJJ Hyundai Heavy Industries Co, the world's largest shipbuilder, said it received a US$l.25 billion order to build storage tanks and loading facilities in Kuwait to boost the country's capacity to export oil. Hyundai Heavy signed a letter of intent with govern-ment-run Kuwait
      Bloomberg; BLOOMBERG  -  280 words
    • PORT SHOTS
      • 133 19 Reuters IOSLOI Norwegian shipbuilder Aker Yards said on Tuesday that its Helsinki yard would shift to focus on building ferries, away from cruise ships. "The site in Helsinki has become too small to meet the demand for today's ever-growing cruise ship
        Reuters  -  133 words
      • 93 19 Reuters [HONG KONG] Hutchison Port Holdings (HPH), the container terminal arm of Hutchison Whampoa Ltd, said last week it will invest in a roll-on roll-off (ro-ro) -vehicle transport terminal in Chabang port in Thailand. The company did not disclose the
        Reuters  -  93 words
    • 215 19 Bloomberg [LONDON] Clarkson, the world's largest shipbroker, said first-half earnings more than doubled as the company opened offices worldwide. Net income rose to £16.1 million (5548.5 million) in the six months ending June 30, from £6.9 million a year earlier, the London-based company said in
      Bloomberg  -  215 words
  • Page 19 Advertisements
    • 598 19 y^Q^Q^^^QJj^^JT^^vcrtise^UolHre^lBe^B^M22^/Emtil^otices@sph^con^sg ADVANCE SCT LIMITED (Incorporated in the Republic of Singapore) Company Registration Number *****4283 C 1 NOTICE OF FXTRAORDIMABV fiFNFRAI MFFT.Mfi NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING ("EGM") of Advance SCT Limited (the "Company") will be convened on 15 September 2005 at 10.00 a m at 5A
      598 words

  • EDITORIAL & OPINION
    • 548 20 EDITORIAL AS Hurricane Katrina swirled through south-eastern United States this week, the price of oil crossed the US$7O per barrel mark. It has since stubbornly stayed at that level, bringing the total price increase for this year to around 60 per cent. The world is
      548 words
    • 726 20  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent ONLY eight weeks ago, it looked like the perfect way to ease European fears over China's rising economic might and EU trade.chief Peter Mandelson was being touted as the hero of Europe's
      726 words
    • 961 20  -  Often condemned as asset strippers, they can help reinvigorate industry and economies By MATTHEW LYNN Bloomberg IN the past, the giants of German industry and finance looked after one another in a complex web of cross-shareholdings. That has now unravelled. The typical shareholder
      Bloomberg; PHOTOS: BLOOMBERG  -  961 words
    • 1509 21  -  A study by the Institute of South Asian Studies sheds light on why certain states have forged ahead more than others By S NARAYAN IgjiMMMMI UK recent Comprehensive Economic Cooperation Agreement between Singapore and India the first such agreement that India has signed with any country
      BLOOMBERG  -  1,509 words
    • 211 21  -  Tan Kok Tim Singapore I REFER to "PM unveils plans for BFC at Marina Bay" and Prime Minister Lee Hsien Loong's National Day Rally speech (BT, Aug 22) announcing that Marina Bay will have three gardens one each in Marina South, Marina
      211 words
    • 1050 21  -  By LEON HADAR in Washington NEW York journalist Steven Vincent who was murdered in the southern Iraqi city of Basra in early August cut a very romantic figure. Profiles of the 49-year old former art critic that have been published since his tragic death
      AFP FILE PHOTO  -  1,050 words
    • 178 21  -  LETTERS TO THE EDITOR David Llewelyn Director, IP Academy Singapore WAS very pleased to read the insightful analysis of Creative Technology's plans to license its X-Fi technology in "Sim Wong Hoo's Creative licence" (BT, Aug 30). As I pointed out in a talk
      178 words

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    • 100 21 HAVEYOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQJOOOToa 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
      100 words

  • 10686 22 SGX MAINBOARD 52-Wk Tel last Vol Day Last Quote GrOiv Div GrYld Net MCap High Low Code Company Sale ('OOP) High Low Buyer Seller Cvr S m Smil 10 2 5716 1st Software 5c 2.5 unch 72 2.5 2.5 2.5 3 10.1 29 8.5 3148 8TelecomUS2c 9 unch
    10,686 words

  • 6885 23 FINANCE COMMODITIES INTERBANK CROSS RATES 5/ AS C$ Rmb Euro HKS Ind to Rupiah Yen Won RM WZ$ rak to Pwe S$ Rand Sfr NTS Baht Pound US$ Australia 0.890 6.054 0.612 5.811 32.953 77.008 0.833 7.764 2.820 1.084 44.635 42.091 1.260 4.863 0 949 24 486 30.889 0.419 0.748
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  • Page 24 Advertisements
    • 1457 24 %t NYK GROUP SOUTH ASIA PTE LTD r—vrmrT TEL *****123 ilr JL Aline Wtetf M 3 li LINE Fax: 6292 2856(RegKxialsates)/6239 7109 (OPS)/6299 5785 (Doonentatioi) NIPPON YUSEN KAISHA TOKYO SO»AKU KASHA. UD (C/R NO: **********0E) /JpE m SKBI CR«: 1378 *****00G Hfeh SENATOR LINES I SENATOR (S.E.A.) Pt* U4 Main
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    • 836 24 IINTWASiA RORO SERVICE yfssa/vor Mwrqti) momm pkg kh io I sw I jkt STUITS VENTUtE 18/05 IS 3? 01/09 04/09 08/09 11/09 13/09 SWTS VEHTME 19/05 IS 3.2 15/09 18/09 22/09 25/09 27/09 SHAHS VEWTUKE 20/DS IS 3.2 30/09 02/10 06/10 09/10 11/10 laustrauan RORO SERVICI vcsa/vor kmxkd hbchtqu lo
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  • Page 25 Advertisements
    • 1258 25 www.hombur9sud.com HAMBURG^jjgI'JP AUSE SERVICE (EXPORT) re t» ra IS row KUWC SINGAPORE RRISIANI SYPNtT lIIUOURMi APfIAIOt PORTKUMG SINGAPORE MISIAMI STWKT mmOURMI ADtUUPt CSCI XIAMEN 084S 01/09 02/09 12/09 14/09 17/09 20/09 CSCL XIAMEROMS 29/09 30/09 10/10 12/10 15/10 11/10 AFRICA STAR SO3S 08/09 09/09 19/09 21/09 24/09 27/09 AFHICA STAK
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    • 1166 25 VESSEL VOY SIN PGU HCM HKG' KYH PUS VESSEL VOY SIN PKG SQLDEN TRADE ililL _4Z!_ _ZZ! !Z5 z CAPE SANTIAGO 00SN 13/9 M/ 9 li/9 z GOLDEN GATE ISI3N 70/9 71.9 ~23T[ I L 1 I_J Going HKG Mjd-Stnom *VSL calog both Nortti West port VESSEL VOY PKG SIN
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    • 962 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOY SIN P.KLANGI (OtOMIO N. SHEVA I COiOMIO KOU PtRWIRA YPWO6 9 79 AUG 30 AUG 0? SEP 06 SEP 09 SEP INDIRA GANDHI OQ96W 05 SEP Of. SEP 09 SEP I? SEP IS SEP RAIIV
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 8174 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel T S* P SIN Dest'n Name Name Number Nunfter SIN Dest'n Name Name —tir 26/09 13/10 NGPl CHENGTU 087 *****288 To ABIDJAN (ABJ) 2003 Cote D'lvoire 05/10 22/10 NGPl CHEKIANG 084 *****288 10/09 18/10
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    • 765 26 IAXAf WALLENIUS WILHELMSEN website: http://www.2wglobal.tom VESSEL VOY "RAMP HEIGHT SIH IBC MAO ~HOU«~ MIA SAV »AI ORF NYC NEW MM TAPIOLA AISI9 400 Tom 6.3 M 07/09 13/10 15/10 18//10 20/10 TEXAS AFS2S 420T«u 6.4 M 12/09 10/10 19/10 23/10 28/10 26/10 TAMERLANE AF526 320Twis 6.4 M 28/09 21/10 30/10
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    • 1213 26 VISSII VOY SIN POU VISSIL VOY SIN JKT PACBANDA 1543N 26/08 26/08 PAC lINTAN 93U 27/08 30/08 PACBANDA IS44M 27/08 28/08 {"J g/g CSF 2301 0165P 27/08 28/08 p *< >IWUW LM PACMHDA Um KM 29/08 CSF 23pl 0144? 22/08 31/08 p*< panda ma jfi/sa wm g£S„ Ss mvm PAC
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    • 454 26 BSA jl MYANMA nam five star line (Myonmar Notional Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 348W SID PAGAN 349W SID IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL/PKL: 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PKL KUC MARINE STAR 74 SLD SLO SLD
      454 words


  • BizIT
    • 692 28  -  BT exclusive It is beefing up headcount and has announced plans for US$80 million investment, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY AS, a leader in business r intelligence (BI) and the ■L world's largest private--'"TitjS ly-held software company, has plans to beef up JH
      692 words
    • 375 28  - Citibank —a BI pioneer By AMIT ROY CHOUDHURY ONF of the major customers for SAS in the Asia Pacific region is Citibank, one of the earliest adopters of data warehousing and the use of business intelligence (BI) solutions in the banking industry. Speaking to BizlT, Citibank's Fric Sandosham said the
      375 words
    • 889 28 AP, AFP [TOKYO] As the music download market grows more competitive on its home turf of Japan, Sony, the inventor of the Walkman, is arming itself with style handheld music machines that look like jelly beans. The struggling electronics icon is to launch a
      AP,; AFP; AP  -  889 words
    • 355 28 Reuters [LONDON! Microsoft moved to build its presence in the booming Internet telephony market yesterday, purchasing Teleo Inc, a Californian company that lets users make calls from their computers to regular phones. The Internet telephony market is heating up with the entry of leading
      Reuters  -  355 words
    • 443 28 Reuters [SAN FRANCISCO] Maxtor Corp, the world's No 3 diskdrive maker, sees a promising new market selling hard disks that act as homeentertainment hubs whether or not they are connected to a personal computer. The new system, which Maxtor was set to unveil yesterday, makes
      Reuters  -  443 words
    • 162 28 Bloomberg (SAN FRANCISCOJ Apple Computer Inc, the maker of Macintosh personal computers, said it has an option to keep buying microprocessors from Freescale Semiconductor Inc, three months after saying Macs will switch to Intel Corp chips next year. Freescale, which makes the computer chips
      Bloomberg  -  162 words

  • PROPERTY
    • 632 29 Besides upping property tax, it plans to build 50,000 homes Reuters [SEOUL] South Korea unveiled measures yesterday targeting the property market, including hefty tax rises on multiple-home and big land owners, aiming to stamp out overheating in the sector without hitting fragile local
      Reuters; AP  -  632 words
    • 176 29 Bloomberg [SYDNEY] Sunland Group Ltd, an Australian property developer, sold a 49 per cent stake in its Palazzo Versace Gold Coast hotel to Emirates International Group for about As 42 million (5553.3 million). The 205-room hotel was the first in the world to open
      Bloomberg  -  176 words
    • 1331 29 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (SS'OOO) (St) District 9 NON-LANDED Casa Caimhill Apt 27/07/2005 FH 1572 1130 719 Futura Apt 03/08/2005 FH 83% 4250 506 Hilltops Apt Apt 12/08/2005 FH 2303
      1,331 words
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    • 267 29 Prime Residential Redevelopment Site in District 15 St Patrick's View (8) St Patrick's Road -4 Coast te area: ?,712.25q m (83,01 3sq ft) MP 1958 1980 Equivalent Plot Ratio "SP 8 o» 1.J72 5 mm St Patrick's I w* Sec Sch •MP 2003 Plot Ratio of 1.4 CHIJ Wtf Within
      267 words

  • WORKSPACE
    • 1027 30  -  How does your office fare in being environmentally friendly? TAN SU YEN examines what it takes for offices and commercial buildings to truly go green TAN SU YEN IN A perfect world, we would live and work in green buildings. Such buildings would marry philosophy and practicality,
      CHRIS LOH  -  1,027 words
    • 322 30 RECYCLE, reuse, reduce that's the mantra of ecologically conscious offices throughout Singapore. HSBC Singapore has been using recycled paper throughout its operations since the early *****. All the bank's corporate and marketing materials are produced on environmentally friendly paper and all waste papers and used printer
      322 words
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