The Business Times, 6 September 2005

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Total Pages: 32
1 32 The Business Times
  • 13 1 THE BUSINESS TIMES SlNGAPO&fr&xsits^ -online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Tuesday, September 6,2005
    13 words
  • 499 1  -  Region's economic standing warrants greater clout: MD By VIKRAM KHANNA [SINGAPORE] The International Monetary Fund is prepared to support a bigger role for Asian countries in international institutions such as itself, says IMF managing director Rodrigo Rato. In an article submitted
    REUTERS  -  499 words
  • 752 1  -  The need for corporate rejuvenation is finally catching up after years of cutbacks By NANDE KHIN [SINGAPORE] Local and multinational companies are pursuing young Singaporeans as they beef up their headcount after several lean years and renew their push into the region. And
    752 words
  • 133 1 sn 2.293.97 (-6.92) ST MDEX FUTURES 1295J00 (-8.0Q) simso 271J6(-1.15) SIMSa FUTURES 27Z50 (-1.50) MARKETS Monday Change KLSECOMP 909.74 +0.56 NIKKEI 225 12,634.88 +34.88 HANG SENG 15,227.83 +5.94 SET INDEX 707.94 -2.03 JAKARTA COMP 1,035.89 -3.34 MANILA COMP 1,929.02 -17.36 SEOUL COMP 1.114.50 -1.33 SHENZHEN B 225.12 +034
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  • Page 1 Advertisements
    • 75 1 mmgL RETAILING be listed: Chandra Das PG4 SME SPOTLIGHT S& wjjgin Ignore intellectual Tj*Lj property at your peril <' About 130 killed PG4 BvK/ (governance LIFTING ■f. in THE VEIL ON 'Asia CORPORATE GOVERNANCE A review pg 25 $a*Kl oy Ho Khai Lteno BT ONLINE Access to BT Online is
      75 words

  • TOP STORIES
    • 829 2 Its markets will stabilise once govt outlines plans to cut fuel subsidies Bloomberg [SINGAPORE] Indonesia is not facing a 1997-style financial crisis and its markets will stabilise once the government outlines plans to reduce fuel-price subsidies, Minister Mentor Lee Kuan Yew said.
      Bloomberg; BLOOMBERG  -  829 words
    • 95 2 IN "MM Holdings makes $167 m bid for Mentor" (BT, Sept 3), we reported that Mentor Media shareholders have a partial-cash alternative comprising 39.7 cents in cash and one new preference share in MM Holdings for each Mentor share. This alternative also includes one new ordinary share in MM
      95 words
    • 512 2 Indonesian plane crashes in Medan, killing 130 A DOMESTIC airliner crashed in a busy residential area in Medan, Indonesia's third biggest city just after take-off yesterday, killing about 100 people aboard and 30 bystanders on the ground. Mandala Airlines officials said 13 passengers sitting in the tail section
      512 words
    • 590 4 Mandala plane catches fire after take-off, slams into residential area Reuters Bloomberg Bernama [MEDAN, Indonesia] A domestic airliner crashed in a busy residential area of Indonesia's third biggest city just after take-off yesterday, killing about 100 people aboard and 30 bystanders in an
      Reuters; Bloomberg; Bernama; AFP  -  590 words
    • 89 4 THF Singapore Ministry of Foreign Affairs said yesterday it had so far not received reports of Singaporeans involved in the crash of the Mandala Airlines passenger plane in Medan in Sumatra. The Singapore Embassy in Jakarta and consulate in Pekan Baru in Sumatra are in touch with
      89 words
    • 928 4  -  Otherwise it won't be able to keep essential goods affordable By KALPANA RASHIWALA [SINGAPORE] Outgoing NTUC Fair Price chairman S Chandra Das hopes that the supermarket chain will remain a co-operative and never be listed, so that it may
      928 words
    • 310 4 Reuters IKUAIA LUMPUR] Malaysia said yesterday it hoped to work with Singapore on a plan to build a bridge intended to replace the Causeway, a project that could test the strength of bilateral relations. Malaysia-Singapore ties have warmed since Malaysia's outspoken
      Reuters  -  310 words
  • Page 2 Advertisements
    • 208 2 I Following two Important Seminars 2nd sth September at Asian Civilisations Museum I I Wednesday 7th September 2005 at 7pm, viewing from spm I I THE MOST IMPORTANT HIGHEST LEVEL WORLD-CLASS AUCTION I I since the November 1982 Geneva auction I I Introduction by DAVID DOCWRA-CHAPMAN I I The Consultancy
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    • 507 3 Serving Asia, Siemens Technology from Singapore &*LW T™ Wm I 4W KJ i Übl lEl^m3Mßi bj HH la 818 B "j* HmEI I r*C W Br''' -MBjjfct ■■'$*rwHKI B S I BnEoB KTfl |Ha|lf >!J C f I a m K^^HhV) BHV B*s |J* I B__ K «1 ~Sm w^L
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  • Page 4 Advertisements
    • 803 4 ®LIAN BENG GROUP LTD (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of LIAN BENG GROUP LTD will be held at No. 25, Playfair Road, Level 4, Lian Beng Building, Singapore *****0 on Friday, 23 September 2005
      803 words

  • Page 5 Advertisements
    • 244 5 'HSt FfjMjf* lifTjjCT flilflli J 1 I*l Lwli L**t > 1 Lt k. *i X. 9 .1 *l*i I* H L*J i b *I,^^~"V"" r <r. <j^*t<?i p'"'■' I p i t B| 4 >*-*$t> V t +**>■■ f- <»»Mh.'l' »W< lM Jurong Technologies Industrial Corporation and Siemens The strong
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  • COMPANY NEWS
    • 411 6  -  HURRICANE KATRINA: AFTERMATH Company thankful that employees are safe with only damage to facilities By WONG WEI KONG HURRICANE Katrina has caused some damage to the US Gulf Coast operations of Singapore Technologies Engineering (STE) but recovery work is already underway. ST
      BLOOMBERG  -  411 words
    • 197 6 Bloomberg SHARKS of SembCorp Marine I .Id (SembMarine), one of the world's largest builders of oil rigs, gained 1.7 per cent on expectations the company may win more orders as oil prices rise, analysts said. The stock, which surged to an intraday record price of
      Bloomberg  -  197 words
    • 759 6  -  HOCK LOCK SIEW By VEN SREENIVASAN NEWS that mainboardlisted Air Ocean and A-Sonic Aerospace have shelved a plan to set up a China-based budget airline must have disappointed their shareholders. After all, when the plan was announced in September last year, the two companies said
      759 words
    • 585 7  -  BANKING MOVES It's unlikely that $506m bonds issued by UOL will be exercised By SIOW LI SEN WFF Cho Yaw's control of United Overseas Land (UOL) appears to be in no risk of being weakened by the conversion of bonds issued by
      Source: Citigraup Investment Research estimates  -  585 words
    • 295 7  -  By ALEXANDRA HO OCBC Bank is undergoing changes at its top positions. Chong Meng is retiring as head of group audit after five years with the bank, of which two were in the current position. The 56-year-old is a banking veteran with 28
      295 words
    • 248 7  -  By UMA SHANKARI UNITED Overseas Bank and OCBC Bank opened new branches at Singapore Management University's city campus yesterday, in an effort to increase their customer base by tapping into SMU'ssstudent population. Both banks will be offering full banking services, but UOB's branch
      248 words
    • 536 8  -  TELECOM NEWS Khazanah and Telekom Malaysia are the most likely buyers: analysts By MICHELLE QUAH ANOTHER substantial block of Mobile One shares has changed hands. And while the buyer remains unnamed, the market is awash with talk that Malaysia's Khazanah Nasional and
      536 words
    • 254 8 Bloomberg SHARES of Singapore Telecommunications, Southeast Asia's largest phone company, fell on concern of lower earnings from its Australian unit Sing Tel Optus Ltd. Sing Tel shares declined as much as 2.3 per cent and traded 1.1 per cent lower at $2.58 at the 5:05
      Bloomberg  -  254 words
    • 422 9  -  It is bullish about prospects for the rest of the year By ALEXANDRA HO FORTUNE Real Estate Investment Trust (Reit), whose manager ARA Asset Management Singapore recently made news for announcing its waiver of the one per cent acquisition fee on future property
      422 words
    • COMPANY BRIEFS
      • 97 9 MEDIA group Singapore Press Holdings has appointed former Deputy Prime Minister and Co-ordinating Minister for Security and Defence Tony Tan as an independent and non-executive director. DrTan, 65, was appointed executive director and deputy chairman of the Government of Singapore Investment Corporation (GIC) last week
        97 words
      • 91 9 CHIP Eng Seng Corporation's wholly owned subsidiary, Chip Eng Seng Contractors (1988), has won a $41.6 million contract to build a condominium at Devonshire Road. The award came from Devonshire Development, a 40-60 joint venture company between Chip Eng Leohg Enterprise, another wholly owned
        91 words
      • 64 9 BEST World International has completed its acquisition of 16 product licences, inventories and intellectual properties from two Chinese companies in a deal worth 18 million yuan (553.7 million). The Singapore-listed health and lifestyle company said it will now be in a good position to expand its
        64 words
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  • Page 8 Advertisements
    • 128 8 H Best for Advisory Portfolio Management 2 nd In Best Quality of Relationship Management and Service for Issues Privacy and Security in Best Range of Alternative Investments Best Quality of Products in Most Interesting Product Range ING was voted as one of the Top 3 Private Banks for Best Overall
      128 words
    • 271 8 7-8 September 2005 Level 2, Ballroom 2 and 3, Suntec Singapore SCM II Logistics World 2005 Exhibition opening hours 7 September 2005, Wednesday 10.00 am to 5.00pm 8 September 2005, Thursday 10.00 am to 4.00pm SCMShop FREE seminars Find out the latest technology and solutions Educational on-floor seminars on logistics
      271 words

  • Page 9 Advertisements
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  • SINGAPORE MARKETS
    • 488 10  -  STOCKS Hurricane Katrina and oil woes drag Straits Times Index 6.9 points lower TEH HOOI LING Senior Correspondent THE Singapore market snapped its three-day winning streak to end slightly lower yesterday as concerns emerged over the impact of Hurricane Katrina and high oil prices on
      Source: Bloomberg  -  488 words
    • TRADES TO WATCH
      • 413 10 FURTHER open-market purchases totalling 2.12 million shares yesterday by Envi Investment Pte Ltd have raised the deemed stake of Chuan Hup Holdings' managing director Peh Kwee Chim to 3.495 per cent from 3.3 per cent. The transactions were done at
        413 words
      • 70 10  -  Compiled by ALEXANDRA HO VANTAGE Corp chief executive Kea Kah Kim's hold over the company continues to strengthen, as his deemed stake in the company rose another 1.02 percentage points to 75.95 per cent. This followed acceptances totalling 2.64 million shares on Sept
        70 words
    • Article, Illustration
      436 10 OTHER SINGAPORE INDICES Sep 5 VALUE CLOSE BTOB/OS -284.00 -129.00 BTCADI -*****.00 -89.00 BT 10-day MA -*****.00 -28.00 All-SG Equities 584.94 -2.82 SG Equities Elect 134.82 -2.12 SG Equities Fin 1655.22 +3.05 SG Equities Prop 662.45 -3.28 SIMSCI 271.56 -1.15 SiMSCI Futures 272.50 -1.50 MOST ACTIVE STOCKS VOLUME Ml 20c
      436 words
    • Article, Illustration
      900 10  -  Compiled by UMA SHANKARI Singapore Airlines Sep 5 dose: 5511.60 CIMB-GK RESEARCH, Sep S SIA is holding up relatively well considering the volatility of oil prices. SIA is one of the most formidable airlines in the industry when it comes to managing yields and loads. With Singapore's continued
      Source: Bloomberg  -  900 words
    • 541 10  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar was still suffering from the dreadful triple whammy of sky-high oil prices, lower growth fears and a possible pause in short-term US interest rate hikes in Asian trad- ing yesterday as currency players continued to fear the
      Source: Reuters  -  541 words

  • FORWARD-THINKING CEOS
    • 626 11  -  Rainer Thiel, CEO of DaimlerChrysler South East Asia, finds there are pros and cons to working with diverse markets and cultures, writes UMA SHANKARI UMA SHANKARI WHEN he was posted to Singapore last year to head the operations of German vehicle giant DaimlerChrysler in the
      ARTHUR LEE  -  626 words
    • 529 11  -  By Uma Shankari AN Asean common market is the biggest wish of Rainer Thiel, chief executive of DaimlerChrysler's South-east Asian division. Asean is a huge market of more than 500 million people, Dr Thiel points out, and the development of the region into a common
      529 words
  • Page 11 Advertisements
    • 292 11 -iSHB K i^«H v I Hitachi projectors will present you perfectly. Conducting dynamic business is never easy. You may be initiating ground-breaking I research, identifying hard to spot opportunities, or even formulating ideas that could save your client small fortunes. A But how do you get your dynamic ideas into
      292 words
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      17 words

  • SINGAPORE NEWS
    • 427 12  -  $14.3m worth of housing sold in Aug-Sept period, up 1.5 times y-o-y By ALEXANDRA HO NEVER mind the hungry ghosts and taboos Singaporeans are shedding their inhibitions about buying and selling property during the lunar Seventh Month, according to Colliers International. The
      427 words
    • 200 12 FORMER Accenture managing director Willie Cheng has stepped down as chairman of the National Volunteer and Philanthropy Centre after two years at the helm, the NVPC said yesterday. Announcing the members of its new board which began its two-year term at the beginning of this
      FILE PHOTO  -  200 words
    • 183 12 THE former editor of Singapore Press Holdings daily Tamil Murasu. Chitra Rajaram, will join public relations consultancy GolinHarris, part of the worldwide Interpublic Group of Companies, on Oct 5. She takes over from GolinHarris managing director Baxter Jolly, who will be promoted to MD
      183 words
    • 398 12  -  By CHEN HUIFEN [SINGAPORE] Talent cultivation is the main reason big firms here want young, enthusiastic, mobile recruits. And diversity seems to be a common theme in their search for potential high-flyers. Capita Land, for example, is looking for people "with
      398 words
    • 184 12 INSURANCE and investment firm Zurich International Life was granted a branch licence last week to operate in Singapore, making Zurich one of the first offshore international life companies to be approved here. The acceptance came after months of negotiation with
      184 words
    • 695 13  -  Phillip Securities senior dealing director launches kickboxing school By DANIEL BUENAS VETERAN stockbroker Gabriel Yap, formerly senior vice-president of dealing at Kim Eng Securities, has a secret weapon in his stock picking arsenal: kickboxing. The avid adventurer, who is now senior dealing director at Phillip
      ARTHUR LEE  -  695 words
    • SINGAPORE ROUNDUP
      • 29 13 SINGAPORE is sending a fourth Chinook helicopter to help in the Hurricane Katrina relief operations. There are now 45 airforce personnel involved in this mission.
        29 words
      • 32 13 MINISTER for Foreign Affairs George Yeo will speak at the Global leadership Forum in Kuala Lumpur today and tomorrow. He will speak on "Repositioning Ourselves".
        32 words
      • 53 13 FOLLOWING an MOU signed yesterday with Safti Military Institute, the National Institute of Education will help train military instructors in pedagogy, instructional design and the use of technology in learning while the Singapore Armed Forces will share its expertise in military leadership, values
        53 words
      • 48 13 THE National Institute of Education (NIE) has signed a memorandum of understanding (MOU) with Germany's Technische Universitat Munchen to provide a framework for the exchange of faculty and students, joint research and publications, participation in seminars and development of joint postgraduate programmes.
        48 words
      • 53 13 CONSUMERS in Singapore and China will be able to seek help if they have a problem with a retailer in either country. Following an MOU signed yesterday between the Consumers Association of Singapore (Case) and the China Consumers' Association, the two bodies will cooperate
        53 words
    • 237 13 THR Singapore spa experience looks set for a warm reception in Japan as the first spa mission left for Tokyo over the weekend, and will be there until Saturday. The highlight of the IE Singapore-organised spa mission is a seminar today which aims
      237 words
  • Page 12 Advertisements
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      649 words

  • Page 13 Advertisements
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      263 words

  • SMEspotlight
    • Article, Illustration
      300 14 EXAMPLES of Singapore businesses caught up in IP issues Creative Technology Just last week, Creative Technology was awarded a patent for an interface that relates to the way music tracks are selected on a device, like in the case of its Zen MP3 player, and US giant Apple
      300 words
    • 908 14  -  Intellectual property is crucial to an SME's competitive advantage, as NANDE KHIN finds out NANDE KHIN MANY smaller companies may feel that Intellectual property is a luxury reserved for multinationals with deep pockets. IP management can indeed be costly, but as Wong Sheng Kwai, assistant director-gener-al of
      ARTHUR LEE  -  908 words
    • 756 15  -  Frequent internal and external analysis of business models is essential to ensure that the business remains viable, writes KEOY SOO EARN KEOY SOO EARN THfe almost supersonic rate of changes in the competitive and technological landscapes effectively mean that today's enterprises have to review
      756 words
    • 941 15  -  Industrial company Wangi may be a family business, but it's run without layers of hierarchy, reports CHEN HUIFEN CHEN HUIFEN WANGI Industrial Co would rather be an orange than an onion. And no, the company isn't talking about getting into the food business. It's referring to its
      ARTHUR LEE  -  941 words
    • 776 16  -  SMALL CAPS CG Tech works hard to come up with what the market values, reports RACHEL LIN RACHEL LIN READ any clothes label, and it gives you a list of exactly what kind of fibre went into the warp and weft of
      776 words
    • 5289 16 UNIT TRUSTS FUNDS dit-Europaans(SSEq.) *****4/ Citigroup Asset Mgt ABN Amro Asset Mgt (S'pore) CiS Gkjbal Bond/ A T==J2£? Star Eixope Eqty'** 0.8% Cm Am Infrastructure 0.7726/0.8035 Star Europe Bond 1.282/ Citi iapan Star Europe Bal 1.177/ CitiBond S'pore A/$ ***** Star Asian Tiger Eqty 1.0*2/ CrtiBond S port B/$ 1.346/
      5,289 words
  • Page 14 Advertisements
    • 125 14 Hear about the most exciting franchise concepts from Australia Get behind the scenes information on Australian franchisors exhibiting at Global Franchising and Licensing 2005 iiiiniii Participate in a forum on "What Works in Asia Franchise Options from Australia" JK Date: 22 September 2005 Time: 9.00 a.m. to 12.00 p.m. Venue:
      125 words

  • Page 15 Advertisements
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      40 words


  • ECONOMY WATCH
    • 497 17 Brent falls US$1.38 to US$64.68 after US$1.66 Friday dip AFP. Bloomberg [LONDON] Oil prices fell heavily in London yesterday after industrial powers had agreed to release emergency supplies of crude to counter severe disruption by Hurricane Katrina of oil production in the Gulf
      AFP.; Bloomberg  -  497 words
    • 255 17 Bloomberg [MANILA] Philippine economic growth may be slower than estimated next year as higher oil prices crimp spending and discourage businessmen from expanding their operations, Economic Planning Secretary Augusto Santos said. The economy may grow less than the government's 6.3 per cent to
      Bloomberg  -  255 words
    • 434 17 Bloomberg [BANGKOK] Thailand's economy grew at the fastest pace in six quarters as companies including Toyota Motor Corp expanded production and farmers spent more as their incomes rose. The benchmark stock index rose to a six-month high. Southeast Asia's sec-ond-largest economy
      Bloomberg  -  434 words
    • 506 17 AP [BRUSSELS] The European Union (EU) and China have reached an agreement on unblocking Chinese textile imports held at European borders, the European Commission (EC) said yesterday. EU Trade Commissioner Peter Mandelson and his Chinese counterpart. Commerce Minister Bo Xilai, in Beijing
      AP; REUTERS  -  506 words
  • Page 17 Advertisements
    • 21 17 ft Lianhe Zaobao Property stocks A I chips in I I f percentage gains I I rnmrmm I I «?|-28% I
      21 words
    • 1458 17 To «drerti»e call toll free 1800 289 8822 Email: notices t?sph.com.sg In The Matter Of The Companies Act, Cap. 50 And In The Matter Of INNOVATIONS MARKETING ASIA PTE LTD (In Creditors' Voluntary Liquidation) (Co. Reg. No. *****8566/) Notice of Resolution At an Kxtraordinary General Meeting of the members of
      1,458 words

  • MALAYSIA/INDONESIA
    • 712 18  -  INDONESIA INSIGHT He has to fix the economy to please investors without causing social unrest SHOEB KAGDA Jakarta Correspondent IT HAS been a difficult week for Indonesian President Susilo Bambang Yudhoyono. With the rupiah plummeting to a four-year low against the US dollar and with
      REUTERS  -  712 words
    • 409 18 [KUALA LUMPUR] Mohd Bakke Salleh, chief executive officer of Tabung Haji, has been offered the job of leading Felda Holdings Bhd, one of the country's biggest plantation companies, the Malaysian Business Times reported sources as saying. It is believed that if
      409 words
    • 260 18 AP [KUALA LUMPUR] Malaysia's government may ask highway operators to defer a planned hike in toll charges in a bid to ease the burden on motorists, already hit by higher fuel costs, a Cabinet minister said. The government would compensate the highway operators,
      AP  -  260 words
    • 2402 18 VOL General Corp 0.40 0.01 65 Sep 5 RM COOP) Genting 19.70 0.50 1218 George Kent 0.S7 -0.01 71 ASM Realty 1.44 -0.01 6 GHL Systems .0.14 -0.01 114 Abric .0.33 unch 19 Globetronics Tech 0.36 unch 657 ACP Industries .0.6t 0.01 93 GlomacBhd 1.35 unch 36 Advance
      2,402 words
    • 479 18 Dual licence for equities, futures trade in the works [KUALA LUMPUR] Bursa Malaysia Bhd is in talks with the Securities Commission (SC) on tweaking the licences of remisiers so that they can handle more financial products, according to a report in the Malaysian
      479 words
    • NOTE BOOK
      • 83 18 AFP (KUALA LUMPUR] Malaysia's central bank announced yesterday it would withdraw its one ringgit coin from circulation from December, citing a lack of popularity. Bank Negara said the copper-coloured coin introduced in 1999 would cease to be legal tender from Dec 7, but the one
        AFP  -  83 words
      • 74 18 Reuters [JAKARTA] Indonesia, suffering the effects of subsidising energy at a time of soaring global oil prices, may increase domestic oil products costs by between 30 and 40 per cent on average, a mines and energy ministry official said yesterday. "We have a draft
        Reuters  -  74 words
      • 84 18 [HONG KONG] The provisional liquidators of debt-ridden Moulin Global Eyecare Holdings are considering long-term plans to list the Hong Kong-listed firm's United States subsidiary, Eye Care Centers of America (ECCA), the South China Morning Post reported yesterday. In February, Moulin, then controlled by chairman
        84 words
      • 98 18 Reuters [HONG KONG] Xin Yu Hengdeli Holdings, China's largest watch distributor, wants to bring in its partners such as Swatch and Richemont as strategic investors in its US$44 million IPO, market sources said yesterday. The wholesaler and retailer for about 30 international brands,
        Reuters  -  98 words
      • 52 18 Reuters [JAKARTA] Indonesia's third-largest mobile phone firm Excelcomindo Pratama is eyeing proceeds of more than US$2OO million from an initial public offering of a 20 per cent stake this year, company director Rudiantara said yesterday. The company would offer shares at between 1,600 and 2,100 rupiah
        Reuters  -  52 words
      • 63 18 Bloomberg [HONG KONG] The Hong Kong government and Walt Disney Co will expand the city's Disneyland for HK$l billion (Ss2ls million) in the next three years, the Hong Kong Economic Times reported, citing a government official. The additional spending will come from construction costs saved
        Bloomberg  -  63 words
      • 61 18 Reuters [PARIS] Free Internet telephone software provider Skype has formed a joint venture with China-focused Internet portal Tom Online, in a bid to boost its subscriber base in the Asian market. The joint venture will be controlled by Tom Online, with its 51 per
        Reuters  -  61 words

  • GREATER CHINA/INDIA
    • 496 19 But high oil prices, buyout frenzy are obstacles, CNOOC's sister firm says [HONG KONG] China Oilfield Services (COSL) is seeking acquisition targets ih South-east Asia, the Middle East and Central Asia, to bolster its operating scale and technical competencies. But high oil
      496 words
    • 857 19 Reuters [NEW DELHI] India's most valuable company, Oil and Natural Gas Corp (ONGC), looked poised last year to take the world's oil industry by storm, snatching foreign assets from Chinese and Western rivals in a global race for resources. Since then, the firm
      Reuters; REUTERS; BLOOMBERG  -  857 words
    • 406 19 Govt plans to sell stake to state-run domestic financial institutions Reuters (NFW DELHI] India has announced plans to sell an 8 per cent stake in the country's largest carmaker, Maruti Udyog Ltd, to raise much needed cash to fulfil
      Reuters  -  406 words
    • 318 19 AFP [BEIJING] A senior bank official said yesterday that more than 14 potential deals to link Chinese and foreign banks are under discussion a move that could lead to every Chinese bank having an overseas partner. Zhu Min, assistant to the president
      AFP  -  318 words
    • 331 19 [BEIJING] China Construction Bank, the country's second-biggest lender, is looking for a new chief risk officer ahead of its overseas US$5 billion initial public offering, expected this year, according to an article in Financial Times. The search coincided with last-minute negotiations in the past
      331 words
    • 437 19 And inspections of investment banks may be expanded [NEW DELHI] India's financial markets regulator has hinted that inspections of investment banks may be expanded and defended its controversial ban on discretionary allocations of new shares, according to report in the Financial Times.
      437 words
    • 178 19 Reuters [MUMBAI] Indian shares rose to a record high yesterday as sustained flows from domestic and foreign funds outweighed concerns about a slowing US economy and the impact of Hurricane Katrina on the world's largest economy. The 30-share BSE index ended
      Reuters  -  178 words

  • ASIA-PACIFIC/WORLD
    • 530 20  -  Sector faces tighter regulation in wake of US$440m Bayou case By NEIL BEHRMANN in London [LONDON] An alleged hedge fund fraud of record proportions is expected to increase global scrutiny of an opaque investment arena that now involves some 8,000 funds managing more than
      530 words
    • 479 20 But it's different this time from the '70s and '80s boom AP [LONDON] Thanks to the surge in crude oil prices. Middle Eastern companies, governments and many families in the region have found themselves flush with cash, igniting a flurry of deal
      AP  -  479 words
    • 362 20 Reuters [TOKYO] A typhoon of similar strength to Hurricane Katrina lashed south-western Japan with torrential rains and high winds yesterday, cutting power supplies and disrupting transport attd oil refineries. Weather officials in South Korea also warned of flooding, while eastern China braced for possible effects
      Reuters; REUTERS  -  362 words
    • 603 21 Bleak forecast dampens outlook for planned privatisation AFP Bloomberg Reuters [SYDNEY] Telstra Corp Ltd, Australia's biggest phone company, said yesterday that earnings could fall as much as 10 per cent in 2005/06, sending its shares to a more than two-year low
      AFP; Bloomberg; Reuters  -  603 words
    • 689 21 KATRINA AFTERMATH Spike in energy costs in US and around the world tops list of risks AP [NEW YORK] The physical and psychological damage caused by Hurricane Katrina is likely to reverberate across the global economy in ways that will curb growth
      AP  -  689 words
    • 429 21 [LONDON] Major British manufacturing companies are considering switching production to overseas sites because of the rising cost of energy and concerns about security of supply, says a report in The Guardian, citing a leading business group. Small and medium-sized companies are having
      429 words
    • 384 21  -  By ANTHONY ROWLEY in Tokyo JAPAN has been urged to step up its investment and economic cooperation with Latin America in order to balance a growing Chinese presence in the region. The call came yesterday from the outgoing president of the
      REUTERS  -  384 words
    • 243 21 Reuters [TOKYO] Japan is likely to announce today its plan to release stocks of oil products as part of an international effort to help ease US fuel shortages, an official at the Petroleum Association of Japan (PAJ) said yesterday The
      Reuters  -  243 words
    • 206 21 AFP [TOKYO] Sony said yesterday that it was in talks with Apple Computer about a possible launch of an online music download service for Japanese users of Apple's hot-selling iPod digital music player. The two companies are locked in a fierce battle
      AFP  -  206 words
    • WORLD WATCH
      • 196 21 AP [WASHINGTON] President George W Bush yesterday nominated John Roberts to succeed William H Rehnquist as chief justice of the Supreme Court, and called on the Senate to confirm him before the top US court opens its term on Oct 3. The swift
        AP  -  196 words
      • 87 21 Reuters [GENEVA] Switzerland's ÜBS AG the world's largest wealth manager plans to take over smaller Swiss private bank Julius Baer, newspaper SonntagsZeitung reported on Sunday. Baer's management board approved the deal in an extraordinary meeting on Friday, the newspaper said. Baer has a
        Reuters  -  87 words
      • 116 21 AFP [SYDNEY] The Australian music industry yesterday welcomed a landmark court decision that ruled that the popular music file-swapping software Kazaa infringes artists' copyright. In a decision that followed nearly 10 months of court room battles, the Australian federal court stopped short of ordering Sharman
        AFP  -  116 words
  • Page 20 Advertisements
    • 767 20 Notices GKE International Ltd GKE INTERNATIONAL LIMITED (Registration No. *****1941 C) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of the Company will be held at 18 Cross Street, #08-01 Marsh McLennan Centre, Singapore *****3,
      767 words
    • 1032 20 GKE International Ltd GKE INTERNATIONAL LIMITED (Registration No. *****1941 C) (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the 2005 Annual General Meeting of GKE International Limited (the "Company") will be held at 18 Cross Street, #08-01, Marsh McLennan Centre, Singapore *****3
      1,032 words


  • AVIATION
    • 244 22 AP [TAIPEI] Taiwanese carriers yesterday began flying regular flights through China's airspace for the first time in more than five decades. The flights by Taiwan's two largest air carriers came days after Beijing approved their applications to use mainland airspace and a month
      AP  -  244 words
    • 449 22 Indian carrier also discussing option for 5 more aircraft Bloomberg [NEW DELHI] Spice Jet Ltd, a three-month-old low-fare carrier in India, is negotiating with Boeing Co to buy five planes valued at US$35O million to expand its fleet and tap rising travel
      Bloomberg  -  449 words
    • 570 22 Profit falls more than expected to 591m yuan though revenue is up 15% Bloomberg (HONG KONG] In a clear sign that Chinese airlines are squeezed particularly hard by higher fuel prices, Air China, the country's biggest airline, reported a larger-than-expected
      Bloomberg; AFP  -  570 words
    • 455 22 Bloomberg [CHICAGO] US airlines raised fares as Hurricane Katrina drove jet fuel prices higher and shortened the time Northwest Airlines Corp said it has to avoid bankruptcy. UAL Corp's United Airlines, the second-largest carrier, raised round-trip fares US$lO to US$3O, depending on the length of the
      Bloomberg  -  455 words
    • 1929 22 OTT FLIGHT ETA HJGMT FID DcnpasarBali SQ141 1145 SQ142 0935 |g 143 1535 146 1640 MBm AFWgB 2215 GA840 1725 GA841 1825 BA7M2 2215 SQ147 2235 SQ148 1900 I I IH§770 2300 Dh k S( 35 O 55 2030 SQ229 2300 Doha QR626 1230 QR627 1910
      1,929 words
  • Page 22 Advertisements
    • 174 22 BT Deal of the Week Exclusive Business Class Airfares with ZUJI A ll r AIRFARE HOTEL WEATHER Frankfurt $3,675 $637 Qantas Airways Intercontinental Frankfurt Sunny TOP 10 DESTINATIONS AIRFARE (business daft from S) HOTEL (from WEATHER Jakarta $699 Kathay F&dfk) 2Nig»rtsfree Bangkok SUM 2 Night, free <™ f*** ffInHHH■■HHMHHHBHHV eangrag
      174 words
  • Page 22 Miscellaneous
    • 185 22 CRYPTIC CROSSWORD DOWN 1 Captivated with the pig hav- 11 ffJj' 5 eatin 9 out at Rose s? YESTERDAY'S SOLUTION ing tail of sheep (4) J lo t Across: 1 Platypus, 6 Canard, 9 2 Hear car the French call cab- not on fountains (10) 10 Very well, 11 Proposer,
      185 words

  • SHIPPING
    • 659 23  -  Insurance broker makes strategic move to service Asian clients By DONALD URQUHART [SINGAPORE] The world's largest insurance broker and risk adviser, Marsh Inc, is establishing a new combined marine and energy (M&E) practice in Singapore as the Asian underwriting market becomes an increasingly
      659 words
    • 304 23 SGX '000 SepS S$ *1- Vol CH Offshore 0 41 uoch 387 ChuanHup 0.89 unch ***** Cosco Corporation 2.60 0 06 6113 CWT Distribution .0.72 -0.02 67 Ezra Hldgs 1.51 001 1027 freight Links 008 unch 327 Grand Banks Yacht 0.95 unch 0 Java Holdings 134 002 1863
      304 words
    • 310 23 AP [DUBAI] A nuclear-powered US Navy submarine collided with a Turkish cargo ship in the Gulf in the dark hours of yesterday morning, the US Navy reported. Nobody was injured and both ships appeared to suffer only superficial damage, said the spokesman for the
      AP  -  310 words
    • 112 23 Bloomberg [LONDON] Peninsular& Oriental Steam Navigation Co, the UK's largest port operator, named Michael Gradon to run a £1.5 billion (554.64 billion) facility being developed in southeast England. Gradon, currently P&O's director of commercial and legal affairs, will oversee the development
      Bloomberg  -  112 words
    • 734 23 Bloomberg [LONDON] The cost of shipping refined oil from Europe to the US may rise this week after Hurricane Katrina disrupted oil production along the Gulf of Mexico coast, boosting US imports of petrol. Freight rates for tankers moving European petrol to
      Bloomberg; REUTERS  -  734 words
    • 183 23 Bloomberg [LONDON] Carnival Corp, the world's largest cruise operator, said Hurricane Katrina will reduce earnings by as much as three US cents a share after the company cancelled and curtailed voyages. "The company currently believes these events will reduce earnings by between
      Bloomberg  -  183 words
  • Page 23 Advertisements
    • 29 23 Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages Call Joe Wong at 6319-2062 or Bernard Ong at 6319-1 645 Shipping times
      29 words

  • EDITORIAL & OPINION
    • 506 24 EDITORIAL THE summit meeting between Chinese President Hu Jintao and US President George W Bush, originally scheduled for tomorrow, has been put off until mid month because of the New Orleans disaster but issues colouring the relationship between their two countries will remain. Anti-China sentiment
      506 words
    • 793 24  -  THE BOTTOM LINE LEON HADAR Washington Correspondent ASK any historian to identify the thinkers that had been central to the evolution of the political philosophy we call "conservatism", and there is little doubt that English philosopher Thomas Hobbes who set out
      793 words
    • 882 24  -  And this reality should be reflected in greater representation in institutions like the IMF By RODRIGO DE RATO ASIA has emerged as an engine of growth in the world economy, accounting for over 30 per cent of world GDP and contributing half
      REUTERS; AP  -  882 words
    • 1304 25  -  Singapore companies have plenty of scope to participate, with demand for private services seen far exceeding supply By MAATHAI K MATHIYAZHAGAN INDIA'S health sector is currently at a crossroads and presents tremendous opportunities, from which Singapore firms are especially well positioned to benefit. In terms
      BLOOMBERG  -  1,304 words
    • 881 25  -  By PANG ENG FONG INTEREST in corporate governance reform has surged in recent years. In Asia, this surge came after the Asian financial crisis in the late *****, which exposed long-known but overlooked weaknesses of the Asian "miracle". Many companies were found to be
      881 words
    • 329 25  -  Narayana Narayana Singapore ALL Singaporeans will (or should) support Mr Tan Kok Tim in his exhortation 'Let's all make Marina Bay a true success' (BT, Sept 1). It would indeed be a great pity if otherwise, considering the huge amount to
      329 words
    • 376 25  -  LETTERS TO THE EDITOR Penelope Phoon Head Association of Chartered Certified Accountants Singapore WE refer to the article "Conquest is the name of the game for Stratech" (BT, Aug 31). We commend Stratech Systems and other companies who take the annual report seriously and try to
      376 words
    • 168 25  -  Lu Kee Hong Singapore WHO should be blamed for the generally poor service standard in Singapore? The service providers or service receivers or both? At the core, it boils down to respect for people. It means respecting yourself first. If you
      168 words


  • 10979 26 jMMnMNMMMNMNMMMMMMMMMMNMMNMWMMNM SGX MAINBOARP 52-Wk TeC Last Vol Day last Quote GrOiv Mr GrYM N«t MCao High low Code Company Salt +<- COOP) High Low luyr S«««r Cvr ME Swi 10 2 5/16 1st Software 5c 2.5 uncti 1639 3 2.5 2.5 3 10.1 28 5 8 5 3148
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  • Page 26 Advertisements

  • 6688 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local curr In St In USJ %dy *il» Vyr Oy %yr S+p2 Intel Change Charge Change Charge Change Change *ald Iile* Preliminary 9048 01 6.1 00 60 01 33 I MR fctfrtvnary 864 6 03 1V9 0.5 7.9 06 5.1 £i#epeJVeHm.nary 1WM
    6,688 words

  • Page 28 Advertisements
    • 1457 28 BP i ifll 4L Z NYK GROUP SOUTH ASIA PTE LTD V*M VTW r|> CJ wr TEL: 6295 0123 \r«i JW Jl AuNE M 9 II LINE Fax:*****Bs6(Ftegkxialsales)/6239 7109(OPS)/*****785(Documentation) NIPPON VUSEN KAISHA TOKYO K»»AKU KASHA. UO (C/R NO: **********0E) 3PH I CR#: 1378 *****000 <&* SENATOR LINES atffcl 2 SENATOR
      1,457 words
    • 832 28 IINTERASIA ROUP SERVICE VKsa/vor ramhkd hbghtw) pkg kch ta mn jkt STtAfTS VENTURE 18/05 IS 3.2 01/09 04/0? 08/09 11/09 13/09 STIAITS VENTURE 19/05 IS 3.2 1 5/09 18/09 22/09 25/09 27/09 STRAITS VENTURE 20/05 IS 3.2 30/09 02/10 06/10 09/10 11/10 1 AUSTRALIAN KOKO SERVICE VKSa/VOT UMPQO) HBGHTQW) I
      832 words

  • Page 29 Advertisements
    • 1236 29 www.hamburgsud.com I ASIA SERVICE SUNG 1 (EXPOWT) ASIA SERVICE SUNG 2 (EXPORT) Vwttl/VtYl* SINGAfOOt SEPCTIIA SANTOS ITAJAI PARANAGUA Vtml/Vovoa. SINGAPORE lUtNOS AMIS >10 GtANDt SANTOS SEPfTWA Conti Malaga 01OW 07/09 28/09 29/09 01/10 02/10 Iris 02SW 10/09 03/10 OSTTO 07/10 09/10 Cap Frio 504W 14/09 05/10 04/10 00/10 09/10 (a;
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    • 1148 29 VESSEL VOY TT PGU HCM HKG' KYH PUS YESSE VOY SIN PKG CAPE SANTIAGO OOSN 13/9 14/9 16/9 GOLDEN GATE 513N 20/9 21/9 23/9 z z 1 GOLDEN TRADE UI3N 77/9 ?8 9 I 30/9 I I I I *VSI calng both Nodti West port VESSEL VOY PKG SIN HKG
      1,148 words
    • 979 29 W WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOY SIN P.KUHGI (OLOMIO N. SHEVA COIOMIO IMDIItA GANDHI 0096W 05 SEP 06 SEP 09 SEP 17 SEP 15 SEP jjjjjjGANDHI 0096W I?SEP 13 SEP 16 SEP 19 SEP 2? SEP KQIA PtKTAMA YPMO73 19
      979 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7206 30 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertser Vessel Voyy SIN Oest'n Name Name Number Number SIN Dasfn Name Name Number 1*11 13/01 NGPl FOYIEBANK SP193 *****288 To ABIDJAN (ABJ) 2003 Cote D'lvoire To ALOTAU (GUR) 2465 Papua New Guinea 13/09 18/10 China
      7,206 words
  • Page 30 Advertisements
    • 740 30 IMAf WALLENIUS WILHELMSEN website: http://www.2wglobol.com VESSEL ~VOY RAMP HEIGHT SIH UC ~MAO~ HOP# ~MuT~ SAY ML PtF NYC NEW MOB TAPKXA A 1519 4001 ms 6.3 M 08/09 13/10 15/10 18//10 20/10 TEXAS A 1525 420Toas 6.4 M 12/09 10/10 19/10 23/10 21/10 24/10 TAMERLANE AFS26 *****0s 6.4 M 28/09
      740 words
    • 568 30 vissa vot sim pgu rasa vor sm jkt PAC lAMDA 15S1M 06/09 06/09 r*C MfTAH MIS 10/09 13/09 PACIANOA 1552W 07/09 08/09 ™"fj JjZg 'Vg CSf 2301 0170P 08/09 09/09 LWJMy 41M 19/09 »/09 PAC lAMDA 1553 M .09/09 09.09 CSf 2301 01Z1P 10/09 11/09 Ulltt ill fl<lM PAC lAMDA
      568 words
    • 444 30 BSA MYANMA HHffi FIVE STAR LINE (Myamiiar National Line) Loading (or Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 348W SID PAGAN 349W SID IN MAUTSIA: IOUSTIAD SHIPPING AGINCIiS KUI/PKL: 03-*****3 M PEN: 04-*****15 Ml ACCEPTING CONVENTIONAL CGO VESSEL VOT HKG SIN PGU PKI KUC MARINE STAR 74 SID SU>
      444 words


  • PROPERTY
    • 617 32  -  Plans underway for $lm revamp at Meritus Mandarin and new identity for The Fullerton. ARTHUR SIM reports ARTHUR SIM THE hotel industry has been experiencing a bit of a shake-up this year with properties like the Raffles Hotel and Crown Hotel changing hands, and top-level
      FILE PHOTO  -  617 words
    • 326 32  -  SLA sees $640,000 in first 7 months of 2005 with jump in events on state land By ARTHUR SIM LEASING of state land has reached an all-time high with the Singapore Land Authority (SLA) reporting $640,000 of revenue from rent in the first seven
      326 words
  • Page 32 Advertisements
    • 907 32 Real Estate Intelligence: No longer market reports but Strategic Advice Business is information driven. Sound decisions are made with a firm grasp and understanding of relevant, timely and in-depth information. While data is plentiful on property sectors, it is not comprehensive or consistent across markets and it does not provide
      907 words
    • 207 32 Prime Residential Redevelopment Site in District 15 St Patrick's Mew St Patrick's Road tfd ComA W Site area: 7,712.25q m (83,013 sq ft) MP 1958 1980 Equivalent Plot Ratio ■m* 9 K 0M.372 I St Patrick's I StcS<h MP 2003 Plot Ratio of 1.4 CHI) Eg s.l Within 1 Km
      207 words
    • 19 32 Releasing a financial statement? CaH 1800 289 8822 or email notices&sph.com.sg to book your advertisement in our newspapers now.
      19 words