The Business Times, 9 September 2005

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Friday, September 9,2005
    15 words
  • 607 1  -  By WONG WEI KONG [SINGAPORE] Temasek Holdings is poised to sell about US$l billion of bonds in its first-ever debt offering, as it accelerates the pace of its overseas acquisitions. The exact size and structure of the deal is yet to
    607 words
  • 137 1 STI 2,297.90 (+1.00) ST INDEX FUTURES 2,300.00 (+1.00) siMsa ***** (+0.80) SIMSCI FUTURES 271.40 (-0.30) MARKETS Thursday Change KLSECOMP 916.80 -2.27 NIKKEI 225 12,533.89 -73.70 HANG SENG 15,166.17 -58.40 SET INDEX 715.08 +6.58 JAKARTA COMP 1,080.450 +21.070 MANILA COMP 1,905.84 +8.51 SEOUL COMP 1,145.26 +2.27 SHENZHEN B 225.88
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  • 613 1  -  Regulator raises bar for banks and life insurers By SIOW LI SEN [SINGAPORE] The Monetary Authority of Singapore has raised the bar to ensure true independence on the boards of banks and life insurance companies to reflect the special role they play in the
    FILE PHOTO  -  613 words
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  • TOP STORIES
    • 694 2  -  Comfort has changed fundamentally since listing By SAMUEL EE [SINGAPORE] Comfort Del taxi operations today cannot be compared with the NTUC Comfort taxis of old, some analysts say in a widening of the current debate over the merits of a stock market listing
      FILE PHOTO  -  694 words
    • 431 2  -  By ROLAND LIM [SINGAPORE] Fancy being contactable on your local phone number while overseas, but without expensive roaming charges? Soon you'll have just that convenience, after the Infocomm Development Authority of Singapore (IDA) released phone numbers for Internet Protocol (IP) telephony this week. IP
      431 words
    • 719 2 Wee Cho Yaw exempt from new MAS rules WEE Cho Yaw has had his position as executive chairman of United Overseas Bank secured by law under new rules on corporate governance unless he chooses to step down or the bank does not reappoint him. Some had earlier thought
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    • 408 4  -  Banks and insurers have until Jan 2007 to comply with new MAS rules By SIOW LI SEN [SINGAPORE] Wee Cho Yaw has had his position as. executive chairman of United Overseas Bank secured by law under the new rules on
      FILE PHOTO  -  408 words
    • 91 4 Wong Ngit Liong Goh Geok Ling Michael Wong Pakshong Glam Chin Toon Wong Meng Meng Lee Tsao Yuan I.Wong NgitLiong 1. Michael Wong Pakshong I.Wong Meng Meng 2.6oh Geok Ling 2. Giam Chin Toon 2.TanKokQuan 3. Leung Chun Ymg 3. NasnxJdin Bin Bahari 3. Ngiam Tong Dow 4.
      91 words
    • 634 4  -  By RAJU CHELLAM in Seattle [SINGAPORE] Singapore will coordinate a slew of measures in the Asia-Pacif-ic that software giant Microsoft Corp plans to launch, and are aimed at the fast-growing market for IT products and services in small and medium enterprises (SMEs).
      BLOOMBERG  -  634 words
    • 613 4 COMMENTARY It also offers an excuse to others faced with non-mandatory regime, says WONG WEI KONG RULES should apply equally to all, but apparently not in the case of Wee Cho Yaw. While no one is disputing his ability as a banker,
      613 words
    • 390 4  -  By VEN SREENIVASAN [SINGAPORE] A group of Raffles Town Club (RTC) members yesterday failed to stop the club's owner Raffles Town Club Pte Ltd from presenting an alternative payment scheme for damages. Justice Kan Ting Chiu ruled in the High Court the Rafflessooo committee,
      ARTHUR LEE  -  390 words
  • Page 2 Advertisements
    • 502 2 Banking Laws and Regulations Date Financial institutions operate in a dynamic environment that demands prompt Tuesday 11 October 2005 responses to changing business trends and to the competition in the market. Financial 1 30pm to 5 30pm institutions also have to cope with fast evolving regulatory requirements that pose regulatory
      502 words
    • 14 2 The Straits Times Recruit RVpHBMH The first step on your ladder to success LaSASiSaUI
      14 words

  • Page 3 Advertisements
    • 175 3 UNVEILING THE NEW CORTINA WATCH PARAGON l _j«A>v -'•w_<fe i. a.- -x§? lyr -J- I —i 1 1 1 fc. A k Cortina Watch is proud to unveil our new concept whose creations are works of art in themselves. boutique Cortina Watch Couture Gallery at 1 fjj$^f/$ jjfy j f
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  • Page 4 Advertisements
    • 135 4 NEW ZEALAND NEW OPPORTUNITIES RELOCATION SEMINAR I Clean, green and "100% pure". But so much more. lain MacLeod of Protea Pacific Ltd will be giving a seminar on Saturday, 10th September at 11.00 a.m. at the Orchard Parade Hotel, 1 Tanglin Road. Seminar cost is SS2O per person/couple which includes
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  • Page 5 Advertisements
    • 143 5 ®LT- /W? 3%-. If a:■^^S i '.y»:£^lSl^m^^Mi^KHl^^^^Bßißß > "sT &s^^Wh|^ME^SB|MB^HWHP y:sMWMWi^I spsr 1 11,1 lwW "ffIMBMB^^F p? Mai flH*£:vr~' s^^S'-SbMßr. HP' "^^wi ■BT 'i^aHl Hw£E? *^iilp« SfisraffiS jl* ,3PPB|** X 7/ f l mj «>. ■"-j* s^ 5 >~~£ r :rr^"- *^j«.«-»— w. >**• ■*>££%; -&ir~*£*» f- ■««*.%j|lfe^^# > r^rs^a2'
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  • COMPANY NEWS
    • 648 6  -  Transfer from Clob to SGX, two bids for S'pore IRs tantalise observers By PAULINE NG, ALEXANDRA HO in Kuala Lumpur and ALEXANDRA HO in Singapore AFTER sitting idle for years on the Singapore over-the-counter market Clob International; Genting International is beginning to look lively.
      648 words
    • 423 6  -  By JEAN CHUA THE way has been paved for Raffles Holdings to complete the sale of its hotel assets which include the 118-year-old Raffles Hotel by the end of this month. At yesterday's extraordinary general meeting, 437 shareholders and proxies representing about 1.58
      CHRIS LOH  -  423 words
    • 360 6  -  By UMA SHANKARI UNITED Overseas Bank (UOB) has been given the go-ahead by Thailand's finance ministry to merge its two banking subsidiaries Bank of Asia (BOA) and UOB Badanasin. The merger will see the delisting and liquidation of UOB Badanasin. whose business
      360 words
    • 194 6  -  By ROLAND LIM CREATIVE Technology yesterday announced a partnership with Soundbuzz to offer Asia's first music video download store through MP3 players such as the recently launched Creative Zen Vision. Creative will get some of the revenue from sales of music videos integrated into the Media
      194 words
    • 476 6  -  By ALEXANDRA HO CENTREPOINT Properties, the property arm of listed conglomerate Fraser Neave, is rebranding its overseas property unit, calling it the Frasers Property Group. And it is kicking off the new name with a property launch this weekend involving Sydney and London
      476 words
    • 534 6  -  HOCK LOCK SIEW By SIOW LI SEN THE boss of a Singaporeowned conglomerate, which sold consumer goods in the early *****, asked his sales manager about the difficulty of collecting payment in China and was taken aback when told that China executes those who
      534 words
    • 405 7  -  Latest drug eluting stent BioMatrix likely to get Europe approval next year By CHEN HUIFEN BIOSENSOBS International Group's Axxion stent may be gaining acceptance in Europe, but the medical technology firm is banking on a star innovation to boost its fortunes in the long-run. Called
      405 words
    • 150 7 NOW. this is one tactic that will give even the most hardened of marketeers a run for their money. The Singapore Exchange (SGX) unleashed its Bull Run mascots and dancers in the Central Business District yesterday, to publicise its fun run slatedfor Oct
      150 words
    • COMPANY BRIEFS
      • 53 7 GKGOH Holdings yesterday announced that it has completed the disposal of GK Goh Securities (HK) Ltd and GK Goh Securities (HK) Nominees Ltd yesterday. This is part of an agreed sale of its stockbroking businesses to Malaysia's CIMB Bhd for $239 million, as announced in
        53 words
      • 59 7 SESDAQ-listed Darco Water Technologies said it has settled the dispute over its Deqing build-operate-transfer water project. which was halted in January following delays. It will now return to complete the project within six months, which will include a demonstration plant. Its joint venture partner has agreed
        59 words
      • 38 7 MALAYSIAN semiconductor manufacturer Advance Modules Group yesterday launched its initial public offering of 44.6 million shares at 41 cents each. The IPO closes Sep 15, and trading is expected to start on Sep 19.
        38 words
      • 51 7 CONSTRUCTION and property development firm Low Keng Huat reported a 62 per cent jump in half-year net profit to $5.4 million. For the six months ended July 31, revenue slipped 14 per cent to $57.5 million largely due to a decline in the construction
        51 words
      • 22 7 CHINA Petrotech Holdings said its chief financial officer Pui Chiu Wing has resigned with effect from September 1.
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    • 473 7  -  By MATTHEW PHAN MAINBOARD-LISTED Multi Vision Intelligent Surveillance has entered into an agreement to sell its entire networked video security business to Verint Systems of the United States for US$4B.2 million. "Verint has proposed to pay for the entire stake in cash, provided that,
      473 words
    • 708 8  -  NEWS ANALYSIS It is set to be more than just an upstream player in the textile chain, says VEN SREENIVASAN VEN SREENIVASAN JHj AINBOARD-listed mm FibreChem Tech|m mm nologies does not i m I seem t0 be fazed by jg 11 M the textile
      FIIE PHOTO  -  708 words
    • 406 8  -  By ROLAND LIM MEDIARING has joined forces with Cambodia's Anana Computer in a partnership which marks the Singapore company's first foray into the Indochinese country as well as an Internet service provider (ISP). A leading provider of Internet telephony called voice over Internet protocol (VoIP) Mediaßing
      406 words
    • 5373 8 UNIT TRUSTS FUNDS dit-Europaans<SSEq.) 97.636* Citigroup Asset Mgt ABN Amro Asset Mat (S'oore) Citi Global Bondv"* 1.467/ Stt Europe Eqty'" 0869/ Citi Asia Infrastructure 0 7726/0.8035 Star Europe Bond 1.27* Citi Japan Star Europe Bai 1.182/ CitiBond S pore 1 294/ Star Asian Tiger Eqty 10V CmBond S pore 1
      5,373 words

  • Page 7 Advertisements
    • 120 7 v > >- <*\ .> u *i i r.'> f jmr GoW Sponsor: POWER-GEj Deloitte. €ndorsed by: M EXHIBITION CONFERENCE K! F D(ZY 13-15 September 2005 r S M Jm U Suntec Singapore International Ik. |(jfl Convention and exhibition Centre Setiokb Power POUJCA-GCN Asia (*§'<- Iht key to succcss 525
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  • Page 9 Advertisements
    • 271 9 US?<MS t The Relentless Pußsuft Or Perfection x -duy. ~>.--.-. v -V a/• 1 iX tl' f C v J'""- SI H w j§i P •*..:.->w. v ;U y/ H H H H I Ci IflNli I JS mk .h#- ftiV .;J r.wrtiViif A iiA.' L'i f Jy^*§fc'^-. «.^yß|t!"4^vjJfefAt'^' 1
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  • SINGAPORE MARKETS
    • 504 10  -  STOCKS R SIVANITHY Senior Correspondent IF THIS had been a football match, the referee might have blown for full-time early to put the fans out of their misery. Watching yesterday's stock market action was somewhat akin to watching the English national team over its past
      Source: Bloomberg  -  504 words
    • 507 10  -  TRADES TO WATCH Compiled by EDDIE TOH MAINBOARD-LISTED QAF Limited best known for its Gardenia bread said yesterday that its interest in associate Zhongguo Jilong increased from 20 per cent to 21.12 per cent on Sept 7,2005. QAF holds the shares through its wholly-owned
      507 words
    • Article, Illustration
      431 10 OTHER SINGAPORE INDICES Sep 8 VALUE CLOSE' BT OB/OS -298.00 -105.00 BT CADI -*****.00 -53.00 BT 10-day MA -*****.00 -30.00 AH-SG Equities 586.07 +1.81 SG Equities Elect 133.16 -2.36 SG Equities Fin 1660.10 +7.04 SG Equities Prop 666.09 -1.30 SIMSCI 272.32 +0.80 SiMSCI Futures 271.40 -0.30 MOST ACTIVE STOCKS VOLUME
      431 words
    • Article, Illustration
      845 10  -  Compiled by UMA SHANKARI Brilliant Manufacturing Sept 8 dose: $0.31 UOB KAY MAN, Sept 8 KOH Soe Khon, executive chairman and managing director of Brilliant Manufacturing, has been charged in the Subordinate Court on six counts of insider trading (through third-party accounts), 117 counts of non-disclosure of shareholding
      Source: Bloomberg  -  845 words
    • 543 10  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar was well supported overnight by comments from Chicago Fed president Michael Moskow, but there are fears the greenback could face a tougher ride in the final quarter of the year. In overnight trading, the US dollar
      Source: Reuters  -  543 words

  • SINGAPORE NEWS
    • 486 11  -  It will be managed by the Starwood Group and renamed the 'Westin Paris' By ALEXANDRA HO BUYING into a glamorous piece of French history, GIC Real Estate is acquiring the 438-room Intercontinental Hotel Paris in the heart of the French
      486 words
    • 349 11  -  By GENEVIEVE CUA A YEAR or two ago, ABN Amro may have been best known for its low home loan rates, but no more. The bank has retooled itself, veering away from mass banking to focus on the "priority" or mass affluent segment. Yesterday
      349 words
    • 339 11  -  By MATTHEW PHAN KEPPEL and Nanyang Technological University (NTU) yesterday signed a memorandum of understanding (MOU) formalising what they have been doing together for years working on joint projects. Keppel Integrated Engineering (KIE). the corporation's environmental engineering division, promised $1 million over three years
      FILE PHOTO  -  339 words
    • 717 12  -  Founding chairman of S'pore Art Museum succumbed to pneumonia By PARVATHI NAYAR THR Singapore art world lost both a patron and painter when Earl Lu died of pneumonia last Friday in Pisa, Italy, at age 80. His daughter-in-law, Anette
      717 words
    • 174 12 CHARITY organisation Club Rainbow launched its Rainbow Challenge Fund yesterday for chronically ill children. Co-opted for this effort is Canadian Terry Walsh, a permanent resident here, who will compete in the Ironman Triathlon World Championship in Hawaii to help raise money for the fund.
      174 words
    • 137 12 A SLEW of firms are on the lookout for potential franchisees, not least is actress Irene Ang's entertainment training agency The Fly Academy. Providing the ideal hunting ground for franchise partners will be the Global Franchising and Licensing 2005 exhibition held on Sept 21-23. Ms Ang's agency
      137 words
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  • Page 12 Advertisements
    • 869 12 Notices PENGUIN BOAT INTERNATIONAL LIMITED Company Registration Number *****0165Z 18 Tuas Basin Link, Singapore *****4 Tel: *****830 Fax *****150 EXPIRY OF WARRANTS 2005 IMPORTANT NOTICE TO: ALL HOLDERS OF WARRANTS WHICH WERE ISSUED BY PENGUIN BOAT INTERNATIONAL LIMITED (THE "COMPANY") IN 2000 IN CONJUNCTION WITH A TRANSFERABLE LOAN FACILITY "WARRANTS
      869 words
    • 581 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LUM CHANG FLETCHER CONSTRUCTION PTE LTD (In Members' Voluntary Liquidation) Reg No. *****2899G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of Vie abovenamed Company duly convened and held at 1 Selegie Road #05-01 Paradtz Centre
      581 words
    • 629 12 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF SCHOOL OF AUDIO ENGINEERING (ASIA) PTE. LTD. (PROVISIONAL LIQUIDATORS' APPOINTED) (Company No: *****1533G) Statutory Declaration by directors of Company's inability to continue business by reason of its liabilities Name of Company: SCHOOL OF AUDIO ENGINEERING (ASIA)
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    • 233 12 Yong Da Pte Ltd (In Voluntary Liquidation) Company Reg. No: 1991-*****-D NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 OF THE COMPANIES ACT CAP. 50 THAT A FINAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE BTH DAY OF OCTOBER 2005 AT 10.00 AM. AT 5 J ALAN
      233 words
    • 581 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SCHOOL OF AUDIO ENGINEERING (ASIA) PTE. LTD. (PROVISIONAL LIQUIDATOR APPOINTED) (Company No: *****1533G) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Chopter 50 that a meeting
      581 words
    • 683 12 In the matter of The Componies Act, Cap. 50 And In the Matter of UNITED EXPRESS COAT PTE. LTD. (COMPANY NO. *****4889G) (RECEIVER APPOINTED) STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES I, TEU GEE SING of 20 Sin Ming Walk #07-05 Bishan
      683 words

  • ECONOMY WATCH
    • 671 13 But China, India are seen driving up developing economies' growth AP. Reuters [MANILA] Powered by China and India, economic growth in Asia's developing economies are expected to be higher in the coming months but higher oil prices will slow growth
      AP.; Reuters  -  671 words
    • 510 13 Reuters Bloomberg [BEIJING] Commercial banks in the Chinese capital want the government to slow the pace at which the yuan is climbing and keep interest rates low to deter speculative buying of the currency, the central bank found in a survey.
      Reuters; Bloomberg  -  510 words
    • 664 13 Reuters Bloomberg [TOKYO] Federal Reserve officials say they are watching to see how financial markets and the economy react to the destruction caused by Hurricane Katrina before deciding on what action to take at their poli-cy-setting meeting on Sept 20, the
      Reuters; Bloomberg; AP  -  664 words
    • 636 13 AP Reuters [WASHINGTON] Hurricane Katrina is erasing recent job gains and threatening an economic recovery that has been one of the few bright spots for President George W Bush. The storm is expected to cut employment by 400,000, according to a Congressional
      AP; Reuters  -  636 words
  • Page 13 Advertisements
    • 114 13 JMHHf IHHt fffl Terms and Conditions: 'Fares do not include taxes, fees and fuel surcharges. Travel is from Singapore in economy, valid on British Airways and Qantas flights. Fares are valid for year-round travel, subject to availability, seats are limited and may not be available on every flight. Fare conditions
      114 words

  • MALAYSIA/INDONESIA
    • 283 14 Govt, parliament committee agree on 113.7t rupiah Reuters [JAKARTA] Indonesia's government and a parliamentary budget committee have agreed to cap fuel subsidies at 113.7 trillion rupiah (S$ 18.4 billion) this year much lower than previous official estimates a legislator said yesterday. Amin Said Husni,
      Reuters  -  283 words
    • 2328 14 VOL Genera! Corp 0.41 unch 143 Sep 8 RM COOP) Genting 19.90 unch 270 George Kent 0.56 -0.02 230 A M RealtyT 1.44 unch 0 GHL Systems .013 0.01 631 Abric 0.34 0.01 3 Globetronics Tech 0.36 unch 616 ACP Industries 0.59 -0.01 17 GlomacBhd 1.30 unch 190
      2,328 words
    • 475 14 Airline also awards M'sian-Japanese venture RM36Om job for new hangar AP AFP Bloomberg Bernama [KUALA LUMPUR] Malaysian Airline System Bhd (MAS) announced yesterday that Idris Jala, a senior executive at Royal Dutch Shell pic's Malaysian operations, will become the carrier's managing director from
      AP; AFP; Bloomberg; Bernama; BLOOMBERG  -  475 words
    • 297 14 Bloomberg [JAKARTA] Indonesia's Parliament and the government agreed on Wednesday night to scrap a plan for PT Bank Negara Indonesia, the country's third-largest lender, to acquire PT Bank Tabungan Negara, a lawmaker said. It's the second failed attempt by Bank Negara to
      Bloomberg  -  297 words
  • Page 14 Advertisements
    • 347 14 Diners Club Card P A World of Exclusive Privileges Treats Diners Club MBBBP wwioJiners.com.Mg International V.I I KM" .M r iO II t M j I <• r II r till U 11 It I If I- r < 11 «i» If r I I I r I *t\\ i
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    • 95 14 BSglfjjßt RITUS 12 to 18 September 2005 H* Neptune (Coßjw Quay) Lunch 12.00 noon to 2.00pm lap* Set Menu: $25* per penon Dtm Sum specialities art available too Reservations: 6224 3203 Act 1 (Lml 35, Grand lower) Mentus Mandarin Singapore Dinner 7.00pm to 10.00pm 1 Buffet Dinner $48* (adidt) $30*
      95 words

  • GREATER CHINA/INDIA
    • 548 15 Macau banks also under scrutiny, over 80 people already arrested Reuters Blg AP .[BEIJING] The Bank of China and Macau-based lenders are under US scrutiny for possible links to North Korea's illicit fund-raising network, which Washington believes finances Pyongyang's nuclear
      Reuters; Blg; AP; AFP  -  548 words
    • 487 15 Reuters AFP AP [MUMBAI] Indian share prices closed at a fourth-straight record high yesterday, crossing the historic 8,000 points mark as overseas funds bought leading index stocks on optimism about robust corporate earnings. The 30-share Mumbai stock exchange Sensex index rose 105.78 points
      Reuters; AFP; AP  -  487 words
    • NOTE BOOK
      • 71 15 Reuters [SHANGHAI] China unveiled a 6.3 billion yuan (S$ 1.3 billion) firm that will manage a pool of funds to protect investors from broker bankruptcies, in Beijing's latest move to boost the country's depressed bourses. The Beijing-based company would compensate investors if financial
        Reuters  -  71 words
      • 80 15 AP [KUALA LUMPUR] Malaysia plans to provide more incentives to woo foreign investors to boost the competitiveness of its 750 sq km Multimedia Super Corridor (MSC), Prime Minister Abdullah Ahmad Badawi said yesterday. The government is "re-examining the package of incentives
        AP  -  80 words
      • 85 15 Reuters [TAIPEI] TSMC, the world's largest contract maker of microchips, reported yesterday that its August sales dipped one per cent from a year ago, though strong month-on-month gains showed recovery was well on track. Taiwan Semiconductor Manufacturing Co hit the bottom of
        Reuters  -  85 words
      • 73 15 Reuters [NEW DELHI! The Indian government has approved along-pending multi-billion dollar arms deal to buy submarines from France, a defence official said yesterday three days before Prime Minister Manmohan Singh visits Paris. The deal, initially estimated to be worth about US$l.B billion, is the latest
        Reuters  -  73 words
      • 56 15 Bloomberg [HONG KONG] China Star Entertainment Ltd a Hong Kong-based distributor of films and home video said that it's in talks to buy a company involved in the gaming business in South-east Asia. The company disclosed the talks in a statement to the Hong
        Bloomberg  -  56 words
      • 73 15 Bernama [KUALA LUMPUR] Astro All Asia Networks has posted a higher pre-tax profit of RM117.45 million (5552.2 million) for the half year ended July 31 from RM94 million seen in the corresponding period of 2004. Its net profit rose 58 per cent to
        Bernama  -  73 words
  • Page 15 Advertisements
    • 148 15 SHlFT.design AAURANO Showrooms Authorised Dollars: Auto Mega Trading Pta Ltd 300 Tampines Ave 5, ♦01-01, NTUC Income Tampines Junction. Tel: 6787 2882 S* LitT kDH Tal* AAftA 7711 Hong Heng Co Pte Ltd 33 Sembawang Road, ♦01-OIAW. Tel: 6452 1112 Kok Yoke Chuan Pte Ltd Blk 34 Whampoa West vi
      148 words

  • ASIA-PACIFIC/WORLD
    • 632 16 Move is to ensure fair treatment for its competitors in retail market Reuters [CANBERRA! Australia's Telstra Corp Ltd will have to internally split its wholesale, retail and network arms under legislation to allow the full sale of the country's biggest telecommunications
      Reuters; BLOOMBERG  -  632 words
    • WORLD WATCH
      • 117 16 Bloomberg [LONDON] HSBC Holdings agreed to sell a 56 per cent share of its Asian credit card payment-collection business to Global Payments to gain technology and cut costs. The two companies will set up a venture that will take over all
        Bloomberg  -  117 words
      • 84 16 Reuters [NEW YORK] News Corp has agreed to pay US$65O million to acquire IGN Entertainment Inc, an Internet video game company, the Wall Street Journal reported yesterday. Citing a person familiar with the situation, the newspaper said Rupert Murdoch's News
        Reuters  -  84 words
      • 88 16 Reuters [NEW YORK] EBay Inc is in talks to acquire Internet-telephone company Skype Technologies SA for between US$2 billion and US$3 billion, the Wall Street Journal reported yesterday. Citing sources, the newspaper said the deal would represent a dramatic shift in strategy for
        Reuters  -  88 words
      • 78 16 Reuters [SEOUL] Top South Korean companies plan to increase investment this year by 21.4 per cent compared with 2004, the fastest growth since 2000, a survey by the country's leading business lobby group showed yesterday. The country's top 600 non-financial
        Reuters  -  78 words
      • 73 16 Reuters [LOS ANGELES] Casino operator MGM Mirage said on Wednesday it plans to "quickly" rebuild its severely damaged Beau Rivage resort in Biloxi, Mississippi. As the damage assessment begins, the company said it will commit to rebuild the resort, utilise employees in
        Reuters  -  73 words
      • 67 16 Reuters [TOKYO] Kirin Brewery Co, Japan's second-biggest brewer, said yesterday it aimed eventually to raise its 20 per cent stake in the Philippines' San Miguel Corp as a means to grow amid slow demand at home. Kirin had said it aimed
        Reuters  -  67 words
    • 458 16 Bloomberg [TOKYO] Japan's central bank yesterday signalled that more than seven years of deflation may be close to an end. Bank of Japan governor Toshihiko Fukui said the country's economic recovery is being supported by a rebound in exports and spending
      Bloomberg  -  458 words
    • 239 16 LAT-WP [WASHINGTON] The chief accountant of the US Securities and Exchange Commission (SHC) said on Wednesday he will step down after two years of service that has included cracking down on financial manipulation and fielding business complaints about costly new regulations. Donald Nicolaisen,
      LAT-WP  -  239 words
    • 238 16 Reuters [NEW YORK] JPMorgan Partners Asia on Wednesday said that it raised a US$l.5B billion fund to finance leveraged buyouts (LBOs) of medium to largesized companies in the Asia-Pacific region. The fund is one of several buyout funds focused on Asia, as private equity
      Reuters  -  238 words
  • Page 16 Advertisements
    • 50 16 nr ljo |q hnnminn Introducing The Business Times-NTU Annual IIIUIcl lo UUU yj Competitiveness Ranking for 35 Indian states and union territories do business? i"* Till 11 n a i **iT* 111! ill ill v i b t KSBI&SSSfijijaEffl India Conference Wednesday 19 October, 9am ■33l3lBB9BBE|jBM The Ritz Carlton Ballroom
      50 words

  • WORLD
    • 414 17 Corporate-buyout group also to assume car-rental firm's US$10b debt Reuters NYT INKW YORK] Ford Motor Co will sell its car-rental firm Hertz to a group of cor-porate-buyout firms for US$5.5 billion to US$6 billion, the Wall Street Journal reported yesterday. Citing people familiar
      Reuters; NYT; BLOOMBERG  -  414 words
    • 412 17 But post-Katrina slump could shrink bonus quantum Reuters [NEW YORK] Wall Street bankers and traders on average are on pace to get the same bonuses as last year, although the size of the windfall could change with a year-end rally or a post-Hurricane Katrina
      Reuters  -  412 words
    • 150 17 Reuters [NEW YO?K] Former Beatle Paul McCartney, whose music helped stir the rebellious counter-culture movement of the *****, will soon deliver a different kind of message pitching financial planning. Boston-based Fidelity Investments signed up the singer for ads designed to show the privately held
      Reuters  -  150 words
    • 339 17 NYT Reuters Bloomberg [SAN FRANCISCO! Apple moved on Wednesday to extend its dominance over the digital music marketplace, introducing a compact iPod called the nano, and confirming a widely reported digital music partnership with Motorola and Cingular. With his usual showmanship, Apple's chairman, Steven
      NYT; Reuters; Bloomberg; REUTERS  -  339 words
  • Page 17 Advertisements

  • AVIATION
    • 491 18 Initiative follows a string of fatal accidents AFP [BRUSSELS] European Union member states gave their initial backing on Wednesday to a proposal that would generate an EUwide blacklist of unsafe airlines, handing the power to the EU Commission to ban carriers from EU airspace.
      AFP  -  491 words
    • 562 18 Reuters [LONDON] European airlines reported higher passenger growth for August on Wednesday as strong demand for travel during the peak summer period cushioned some of the damage from soaring fuel costs. Air France-KLM, British low-cost carrier easy Jet, Scandinavia's SAS, and Finnish national
      Reuters  -  562 words
    • 198 18 AP [SINGAPORE] Singapore Airlines and its subsidiary SilkAir said yesterday they will raise fuel surcharges to help alleviate rising jet fuel costs. Singapore Airlines said it will increase its surcharge by US$3 to US$l5 for flights between Singapore and Asian cities Bandar Seri Begawan,
      AP  -  198 words
    • 438 18 Reuters [NEW YORK] Delta Air Lines will cut 1,000 jobs as part of service reductions in Cincinnati, its second-larg-est hub, and sell 11 widebody jets in what the carrier said on Wednesday was a bid to restructure faster. The moves
      Reuters  -  438 words
    • 277 18 AP Reuters [ADELAIDE] Australians have another good reason for wanting their side to thrash England in the fifth and deciding Ashes cricket test starting—particularly if they want to fly cheaply to London. British Airways said it will offer ffights from Sydney and
      AP; Reuters  -  277 words
    • 257 18 [KUALA LUMPUR] Air Asia chief executive officer Tony Fernandes hinted yesterday that rationalisation of domestic air routes and a possible collaboration arrangement between national carrier Malaysia Airlines (MAS) and budget airline Air Asia Bhd will be announced soon, the Business Times
      257 words
    • 1779 18 OTY HJCKT ITA HJftHT FTP SQ468 2240 Copenhagen SQ351 0530 5K972 2155 <6$flai6 AF0O87 1850 LH9770 2300 I 1 BA7381 1850 SQ229 2300 Darwin AF8M7 1850 QF81 1850 BA7381 1850 yUii nm> Qroi iqjU Amsterdam SQ323 0620 AZ39tt XSS Oww MI588 1835 MI588 0640 AZ3992 1450
      1,779 words

  • SHIPPING
    • 509 19 New four-nation plan to fight piracy; Marine Electronic Highway agreement signed AP AFP [JAKARTA] Defence chiefs from four South-east Asian nations have agreed to begin coordinated air patrols over the pirate-infested Malacca Strait next week to quell foreign jitters about security in the world's
      AP; AFP  -  509 words
    • 290 19 SGX '000 Sep 8 SS Vol CH Offshore 0.41 unch 344 ChuanHup 0.88 -0.01 4177 Cosco Corporation 2.52 -0.04 2339 CWT Distribution 0.74 0.02 60 Ezra Hldgs 1.40 -0.06 2009 Freight Links 0.08 0.01 130 Grand Banks Yacht 0.94 unch 0 Java Holdings 1.34 -0.02 2236 K1 Venture
      290 words
    • 764 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR A US appeals court last month ruled that US district courts' bankruptcy jurisdiction extends to vessels that have not been arrested within the courts' admiralty jurisdiction, rejecting any lingering notion of an apparent clash between US bankruptcy and admiralty
      764 words
    • 345 19 Reuters [HONG KONG] Beijingbacked container leasing firm and port investor Cosco Pacific Ltd said yesterday first-half earnings more than doubled, thanks to China-driven growth in seaborne trade, although worries that the global shipping boom is past its peak have been a drag
      Reuters  -  345 words
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  • EDITORIAL & OPINION
    • 550 20 EDITORIAL MALAYSIA'S central bank would do well to keep a sharp eye on inflation despite the fact that it has eased to 3 per cent year-on-year in July, down from the six-year high of 3.2 per cent in June. But these figures are measured by changes
      550 words
    • 781 20  -  THE BOTTOM LINE AL R DIZON ONE lesson that policy makers can learn from the events played out in Manila this week is the importance of good timing. On Wednesday, Manila issued up to US$l billion worth of sovereign bonds aimed at
      781 words
    • 896 20  -  LDP members who opposed his postal privatisation likely to be returned as independents ANTHONY ROWLEY Tokyo Correspondent W polls are predicting that Prime Minister Koizumi's gamble in calling a snap election to shake out the opponents of postal privatisation will pay off handsomely.
      AP; REUTERS  -  896 words
    • 912 21  -  If Asia cuts subsidies and raises interest rates, global energy demand will ebb, giving the oil bubble a chance to deflate ANDYMUKHERJEE Bloomberg THE Indonesian rupiah's woes might be a blessing in disguise for the global economy. The 6 per cent slump in the rupiah
      Bloomberg; AP  -  912 words
    • 214 21  -  Patrick Chan Singapore I am an NTUC Fair Price (FP) member. I agree with Mr Chandra Das that FP should remain a co-opera-tive so as to benefit the people. It should become the price stabiliser and ensure that basic commodities do not increase so
      214 words
    • 787 21  -  ROBERT SAMUELSON AFTER almost every great American tragedy, we go through a familiar cycle of self-examina-tion and recrimination. There are presidential commissions and task forces, congressional hearings and investigations, press exposes and think-tank reports. We have fact-finding and finger-pointing. The public excavation of prescient warnings,
      787 words
    • 599 21  -  LETTERS TO THE EDITOR Mark Leong Wen Wah Singapore CHANNEL News Asia (CNA), The Business Times (BT) and The Straits Times (ST) are part of my daily life. I am not an SPH shareholder, and I have nothing against either MediaCorp or SPH,
      599 words

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    • 150 21 Receive unlimited minutes* for $300 monthly Get the most your Broadband connection. Sign up today Middle East Business Latin America Business Plan and receive UNLIMITED minutes for $300 per month! Price*: Monthly plan $300.00 Equipment fee free Set-up fee free Total (inclusive of GST): $315.00 HHHMPH SAVE SOME Akd MONEY
      150 words

  • 10663 22 SGX MAINBOARD 52 WV Tel Last Vol Day Last Quote GiDtv Div GrYM Nat MCap High Low Code Company Sate ('000) High Low luyr S«*«r C*vt P/E 5m* 10 2 5716 1st Software 5c 3 unch 401 3 2.5 2.5 3 12.1 28 5 8.5 3148 8TelecomUS2c 9
    10,663 words
  • Page 22 Advertisements
    • 165 22 Trade US equity CFDs commission free Trading CFDs offers a flexible alternative to conventionally settled Why would you trade Contracts for Differences (CFDs)? full value trading. It is important to point out that CFDs are a high A(Xess 0 As|an us UK and Furopean stocks L J§ risk investment and
      165 words

  • 6541 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In loot C1KT In Si la IKS *d>T yr *d)r yt dy %yr Sep 7 lnd» Chang* Qwnge Chary Ch*ng* O\«r>qo World Index Preliminary 9152 0.1 7.4 01 JJ 00 4.3 IEAFE Preliminary 874-? 02 132 0.1 M 00 5.8 Europe Preliminary 1207
    6,541 words

  • Page 24 Advertisements
    • 1047 24 B* |K B~ 4f J J<&*\ NYK GROUP SOUTH ASIA PTE LTD VF- m UVIT RM rmy wur TEL *****123 V- -A XV A Aline VXsxrj ML v 3 Mm LINE Fax: 6292 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5786 (Documentaton) NIPPON YUSEN KAISHA TOKYO K»»AKU KASHA. UO (C/R
      1,047 words
    • 863 24 [iNTERASIA RORO SERVICE VBSa/VOT MWPQO) HBGHTW W6 KM IQ I 8N I JKT StMITS VBmJC 11/05 IS 12 01/W 04/W 08/W 11/W IJ/W srumvwniH n/05 is is/w ii/w nm 25/ m v/w |smmyBITUKW/DS IS 3.2 30/W 02/10 04/10 W/10 11/10 [AUSTRALIAN RORO SERVICE 1 VBSa/VOT I RAMPPCT) I tCGHTWI LP
      863 words

  • Page 25 Advertisements
    • 1366 25 *wx.hamburgsud.(om I ASIA SERVICE SUNG 1 (EXPORT) ASIA SERVKE SUNG 2 (EXPORT) ETA ETA Vwml/V«ww SINGAPORE DURIAH SEPETIIA SANTOS ITAJAI PAHAMAOUA V. tl «l/V.v«n SINGAPORE WENOS AIRES RIO GRANDE SANTOS StPETWA Cap Frio SOW 14/09 25/09 05/10 04/10 08/10 09/10 Iris 025W 10/09 03/10 05/10 07/10 09/10 Commodore 015W 21/09
      1,366 words
    • 1285 25 Ytssa VOY SIN JKT HKG|lSwjlM( KYH WIS VESSEL VOyTsIN JKT SUB HKG DSN PUS HY PROGRESS IQIS 15/1 17/? 22/9 24/9 26/9 W9 21/9 KMTC ULSAH 517$ 11/9 14/9 15/9 20/9 24/9 25/9 HY ItlDGt jOOS 22/9 24/9 29/9 1/10 3/10 5/10 5/10 KMTC SINGAPORE 513S 18/9 21/9 22/9 27/9
      1,285 words
    • 932 25 (H) !j IS&/4U, WEEKLY EXPRESS SAILING SCHEOULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOT SIH P.KLANG COLOMBO N. SHEVA COLOMBO KQIA PtRTAMA YPMQ23 USER 20SEP 23 SEP 26SEP 29SEP P*C QUEST 010W 26 SEP PHASE OUT aag-a-M- m i m i «i i ALSO ACCEPTING FQ
      932 words

  • Page 26 Advertisements
    • 650 26 IAXAf WALLENIUS WILHELMSEN website: http://www.2wglobol.com VESSEL "VOY RAMP lIC ~MAO~ KOU* Ml* SAY »Al NYC NfW MOt HXAS AFS2S 4201 MS MM I 13/09 10/10 19/10 23/10 21/10 26/10 TAMERLANE AFS26 3201 MS 6.4 M 28/09 21/10 30/10 03/11 07/11 OS/11 TAIKO AFS27 4201 MS 6.4 M 06/10 30/10 08/11
      650 words
    • 1657 26 vase voy sw pgu vissa vor sin jkt (Sf 230) OlTOf 08/09 09/09 TAOWTAH 9315 10/09 13/09 PAC lANDA 1553H 09/0? 09/09 lAU 41M U/09 IS/09 CSf 2301 omp 10/0? 11/09 nCtmkH |__9316 17/09 20/09 W iAWO* 1554N 10/09 10/09 VTWWnTfVIWM mum 115 a um 12/09 <5*2301 OlZff 12/0? 14/09
      1,657 words
    • 717 26 BSA jl MYANMA HHn FIVE STAR LINE (Myanmor Notional Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU PAGAN 348W SLD PAGAN J49W SID IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL KUC MARINE STAR 74 SLD SLD SLD
      717 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8775 27 I v ETA ETA Advertiser Vessel Voyage Telephone HA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Destn Name Name Mamber Mmber 01/10 19/10 NGPl TASMAN CHALLENGER *****8 *****288 TO ABIDJAN (ABJ) 2003 Cote D'I voire 29/10 26/11 NGPl PACIFIC
      8,775 words
  • Page 27 Advertisements
    • 530 27 Taiwan gTCM Singapore/N kee khh txg \Weekly Consol Service/ Fj v_ usa All IPI via LAX/NYC (MLB/AWS) LCL/FCL rates! HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPR CODE "DZ" OR NO **********0Z MARKETING SALES: KELVIN CHUA: *****535, MELINA LEE: *****167 PTKLANO S PORE -YANOONt Mff STORE-ICUCMNO S»U
      530 words
    • 573 27 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Rood, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Website:http://www.freightlin?s.net ATTRACTIVE RATES TO: 'J* ALEXANDRIA GENOA KEELUNG KAOHSIUNG .Z* "Lj—* LE HAVRE MALTA MA HE MARSEILLE *J» CEBU DAUAN HONG KONG JAKARTA QINGDAO SHANGHAI SURABAYA 626J4694/5506/5535/5541/5553/5561/5551/5569/5565/5580/5560/5508/5578/5514/5563 PROJECT HEAVYLIFT CARGO Lowrene Lim TEL: *****555,
      573 words
    • 104 27 LINES CsENIKIf I As Agents CROSSEAST SHIPPING PTE LTD operator code GK CR NO: 778 3202 0000 M Tel: 6327 1788 Fax: 6327 ISBB •-mat boaking@a(KS*asl ram sg WEBSITt www genki com my KUCMNG WEEKLY SAILING KOTA MNABALU, MNTUtU 10 DAYS SAMJNO I 17/09 I 14/09 I 19/09 I MELAKA
      104 words
    • 375 27 ■PPfBl TIGER SEA 316N 10 11/09 16 18/09 24 25/09 I KLmUlda HGER SKY 317N 13 14/09 20 22/09 27 28/09 ■TTHTIH TIGER WAVE 318N 17 18/09 23 25/09 01-02/10 ■■■■■TIGER PEARL 319N 20 21/09 27 29/09 04-05/10 I 320N 24-25/09 30-02/10 08 09/10 1 ■fffMffflfl BLUE LINK 115 12
      375 words


  • executive lifestyle
    • 604 29  -  off the cuff jaime ee AFTER reading about the many ways in which smugglers are secretly spiriting contraband cigarettes into Singapore, I was impressed. Who would have thought there were other things to do with bread besides eating it on its own? I would
      604 words
    • 1815 29  -  CORINNE KERK looks at how online and brick and mortar travel agencies are meeting the demands of a more sophisticated clientele CORINNE KERK THE NATAS travel fair or crush, if you like begins today, and the crowds will be there mainly to snap up good package
      Illustration: Ben Cruz  -  1,815 words
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  • PURSUITS/ARTS
    • 522 30  -  MUSIC By RACHEL LIN THERE is, apparently, a Cuban proverb that declares, "A love that can last forever takes but a second to come about." It's not hard to see then why the world is so bewitched by all that the island
      522 words
    • 659 30  -  ROLEX AWARDS Asian candidates have increased, but the awards committee hopes to see more coming from this region, reports NGIAM YING LAN NGIAM YING LAN LESLIE Wong, chairman and co-founder of the non-profit arts company Chinese Theatre Circle (CTC), has an unusual dream. The 65-year-old wants to
      659 words
    • 500 30  -  OPERA By CHEAH UI-HOON MID-AUTUMN festival isn't just about funky mooncake flavours, as at its very heart, it's about celebrating tradition. Similarly, the traditional arts is the core of The Esplanade's Mid-Autumn Festival line-up this year, with two of its main programmes showcasing the classics
      500 words
    • 816 30  -  BOOKS Writing gives me great delight, serial fiction writer Alexander McCall Smith tells PARVATHI NAYAR PARVATHI NAYAR TTO be a "serial novelist" sounds like a dangerous profession and so it is. It involves typing out 1,000 creatively fictional words within three hours each morning,
      CHRIS LOH  -  816 words

  • CINEMA
    • 725 31  -  Eric Khoo's Be With Me is elegant but uneven in tempo, says GEOFFREY EU GEOFFREY EU BE With Me marks Eric Khoo's return to the directorial fold after a self-imposed exile of eight years, and long his new film on love and compassion, dignity and
      725 words
    • 371 31  -  By NGIAM YING LAN ELEVEN thousand convicts are released each year. Some yield to old vices; others seize an opportunity for a decent turnaround from whatever jobs society will afford them. The righteous path, as they say, is laden with temptation at
      371 words
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  • Page 31 Miscellaneous
    • 327 31 CRYPTIC CROSSWORD ACROSS 3At same time, it sounds like 1 Depressing sound of a story- f telling brother (4) 4 Man s offshore J et dlverted for 3 An old fellow with plenty of US President (6,9) bottle (10) 5 Sort P r °blem requiring 8 Sacred text produced by
      327 words

  • DRIVE
    • 56 32 To find out more about Blue Mountains, visit the Sydney booth (M3l) at the Natas Travel Fair and speak to representatives from Blue Mountains Tourism, The Edge and Scenic World. Also present are representatives from Hunter Valley, Port Stephens and Wollongong who would be on hand to
      56 words
    • 46 32 Natas fares to Sydney from $450* and $490** Sale from Sept 9-16 Travel from Nov 1 to Nov 30. Travel completion by Dec 7. Travel from Sept 9 to Oct 31. Travel completion by Dec 30. (Terms and conditions apply. Service fee applies)
      46 words
    • 1228 32  -  GEORGE JOSEPH takes in the spectacular beauty of Australia's Blue Mountains, easily accessible from Sydney GEORGE JOSEPH IF you're short of time and want a quick but satisfying holiday Down Under in just three days, then Australia's Blue Mountains fits the bill with its
      1,228 words
    • 325 32 Scenic railway/skyway HARRY Hammon's ingenious business decision to buy over a defunct Katoomba colliery, including its inclined rail line and en- gine room, and turn it into the now famous Katoomba Scenic Railway, must be the biggest boon to short-stay tourists. With a skyway enterprise added
      325 words
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