The Business Times, 6 October 2005

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES Thursday, October 6,2005 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005
    15 words
  • 885 1  -  But analysts not taking JG Summit's offer seriously By LESLIE YEE, AL LABITA in Singapore, in Manila FILIPINO tycoon John Gokongwei, who has been building up his position in UIC since May 1999, yesterday launched a muchawaited $1 billion takeover offer for United Industrial
    885 words
  • 708 1  -  Move seen accelerating revamp at SIA By ANGELA TAN [SINGAPORE! Singapore Airlines (SIA) and DBS Group yesterday announced the appointment of new chairmen next year, with SIA chairman Koh Boon Hwee to take over from S Dhanabalan as DBS chairman and
    708 words
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  • TOP STORIES
    • 702 2 A meeting of minds or a clash of titans? FILIPINO tycoon John Gokongwei's takeover offer for United Industrial Corp really comes down to one question: How important is the property group to veteran banker Wee Cho Yaw? says our senior correspondent Wong Wei Kong. TOP STORIES, PG 3
      702 words
    • 672 2  -  6 parcels released so far with latest in Redhill; next could be Somerset plot By KALPANA RASHIWALA [SINGAPORE] Reflecting better sentiment in the property market, developers so far this year have successfully applied for the release of six reserve-list plots under
      672 words
    • 526 2 [LONDON] Hawkish comments from US Federal Reserve officials, pointing to a further tightening of US interest rates, triggered concerns on world stock markets yesterday. Investors were still fretting about Tuesday's comments from Dallas Federal Reserve Bank president Richard Fisher, who said inflation
      BLOOMBERG  -  526 words
    • 324 2  -  M'sian firm Nakiwa also doesn't have any other licences By OH BOON PING [SINGAPOREI The Malaysian company claiming to be seeking to start a direct bus service from Singapore to link up with budget flights from Senai Airport has not applied
      324 words
    • 134 2 sn 2325.89 (+2.12) ST INDEX FUTURES 2329.00 (+2.00) siMsa 274.74 (+0.36) SIMSa FUTURES 275.00(40.20) MARKETS Wednesday Change IPSE COMP 927.51 +2.75 NIKKEI 225 13,689.89 -48.95 HANG SENG 15,161.03 -221.18 SET INDEX 717.17 +2.27 JAKARTACOMP 1,104.06 +2.89 MANILA COMP 1,940.94 +2.59 SEOUL COMP 1,227.40 -15.38 SHENZHEN B Closed MUMBAl
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    • 724 3  - A meeting of minds or a clash of titans? Gokongwei's bid for UIC may reveal its importance to Wee Cho Yaw HOCK LOCK SIEW By WONG WEI KONG F[ ILIPINO tycoon John Gokongwei's takeover offer for United Industrial Corp (UIC) really comes down to one question: How important is the
      724 words
    • 622 3  -  Concerns raised over risk of mis-statements By MICHELLE QUAH [SINGAPORE] More than half of the finance departments in Singapore face the danger of financial slippage inaccuracies and misstatements because they take on too much work, says a recent study by
      622 words
  • Page 2 Advertisements
    • 92 2 i&z 4" the art of Ll FUYUAN t' ■>& Li Fuyuan was once a strong stalk of seedling in my class. He was especially sensitive to forms and colours. H He loved them strong and heavy. This expres si ve teacher never hid his special liking for him. No wonder,
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  • Page 3 Advertisements
    • 164 3 THE HOURGLASS TtMPUS SHOWCASE SI \11*I l( I I Y B r n i ii r im dimour I I (i i I i o i >. < mi; ]>! i i.j IK" 0 /f" v S %pir /f VIANNEY HALTER 10 3.03 -••<*»-, Creative Watchmaking Satellite hour indicator with
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  • COMPANY NEWS
    • 680 4  -  UK processing unit said to be of keen interest to group's new investors By MICHELLE QUAH DEBT-RIDDEN Citiraya Industries currently facing claims of about half a billion dollars has decided to place its British wasterecycling unit under judicial management in Singapore, to protect
      680 words
    • 247 4 ASCENDAS Real Estate Investment Trust (A-Reit) has completed the acquisition of eight properties worth $180.4 million and signed a deal to buy another !lEL Centre for $11 million. The completion brings A-Reit's portfolio to 53, with a total
      247 words
    • 393 4  - PSC takes 51 stake in Tat Seng By R SIVANITHY PSC Corp a homegrown convenience store operator whose core businesses have grown to include healthcare and education has struck a deal to acquire a controlling 51 per cent stake in Tat Seng Packaging Group for about $17 million, or 21.25
      FILE PHOTO  -  393 words
    • 273 4  -  By ALEXANDRA HO DISGRUNTLED substantial shareholders may succeed in their latest bid to get Firstlink Investments Corp to call an extraordinary general meeting in an attempt to oust executive chairman Ling Yew Kong. The latest twist in the saga looks like a triumph
      273 words
    • 143 4 HEALTHCARE group Osim International, which earlier this year led a consortium to take over Nasdaq-listed Brookstone Inc, said yesterday that the acquisition has been completed. Following the completion on Tuesday, Brookstone's shares will no longer be listed on Nasdaq, said Osim. The price paid for each
      FILE PHOTO  -  143 words
    • 403 6  -  Modified deal still aims for DBS to have stake of up to 37.5% in lender By MICHELLE QUAH INDIA'S Murugappa group, which owns 55 per cent of Cholamandalam Investment Finance Company (CIFC), has reworked a deal for Singapore's DBS Group
      FILE PHOTO  -  403 words
    • 408 6  -  By CHEN HUIFEN CHINA drug manufacturer C&O Pharmaceutical Technology Holdings has launched an initial public offer in Singapore, seeking to raise $27.1 million for its expansion plans. C&O, which started as a third-party distributor of drugs imported from Hong Kong, began producing
      408 words
    • 298 6  -  By MICHELLE QUAH SEE Hup Seng's independent auditors Ernst Young (E&Y) have handed in their resignations, some five months after highlighting concerns about a particular disclosure in the company's financial accounts for FY2004. And there was more bad news
      298 words
    • 4642 6 UNIT TRUSTS FUNDS i J* 06 &iobai usv Citi Asia Infrastructure 0.7726/0.8035 AMI Antra Aaat Mgt (S'pora) Tkmi Star Eiiope Eqty!" _1™._ 0866/ £222 H21 iz. \.ZL i?jS CibBond S pore B/J 1342/ S I'm# Citi Money SGD Class A *****/ S rr; i°* Money Smg Dollar Class B...'. 1
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    • 547 7 But Katrina damage to US assets could be drag on full-year results: analysts Reuters ST ENGINEERING, the world's largest aircraft maintenance provider, should post flat third-quar-ter net profits, but damage to US facilities by Hurricane Katrina may drag on fullyear earnings, analysts
      Reuters; FILE PHOTO  -  547 words
    • 220 7 Reuters SINGAPORE'S Cambridge Real Estate Investment Trust (Reit) has built a portfolio of industrial buildings worth $400-600 million ahead of a planned listing in the coming months. The trust, which is poised to become Singapore's eighth listed property trust and its
      Reuters  -  220 words
    • COMPANY BRIEFS
      • 42 7 SIM Lian Group's wholly-owned Sim Lian Real Estate has bought Fairview Court at Upper East Coast Road through private treaty for $11 million. The freehold property has a land area of 2,934 square metres.
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      • 49 7 FORTUNE Real Estate Investment Trust has been included in the FTSE Group's FTSE/Asean index The index, launched last' month, is a market benchmark designed to cover a broad group of stocks from the Asean markets and was proposed by Asean finance ministers.
        49 words
      • 58 7 THE Housings Development Board is issuing $100 million of 10-year fixed rate notes with a coupon of 3.2 per cent per annum payable twice a year in arrears. The notes under its $7 billion medium term note programme—will be issued in denominations
        58 words
      • 80 7 FOLLOWING intervention by the Ministry of Manpower, L&M Group and its workers have resolved their salary arrears and related disputes and all workers have since received their pay. The workers were represented by the Building Construction Timber Industries Union. The settlement involved the salary
        80 words
  • Page 4 Advertisements
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    • 20 4 Releasing a financial statement? Call 1800 289 8822 or email notices@sph.com.sg to book your advertisement in our newspapers now. r
      20 words

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  • SINGAPORE MARKETS
    • 531 8  -  STOCKS Traders advise keeping an eye on Wall Street, where prices have slid since the start of the week R SIVANITHY Senior Correspondent Optimists might view the market's focus yesterday on previously untraded or thinly traded stocks like Hotel Negara, Hotel Royal, Bonvests, Hong Fok, and
      Source: Bloomberg  -  531 words
    • 543 8  -  TRADES TO WATCH By Eddie Toh SUBSTANTIAL shareholder Lim Tian Back has trimmed his direct stake in listed contractor and property developer Chip Eng Seng to 5.54 per cent from 5.71 per cent. The change came after a series of open-market transactions on
      543 words
    • Article, Illustration
      428 8 OTHER SINGAPORE INDICES Oct 5 VALUE CLOSE BT OB/OS 154.00 +50.00 BT CADI -*****.00 +20.00 BT 10-day MA -*****.00 +15.00 All-SG Equities 598.19 +1.91 SG Equities Elect 128.86 -2.25 SC Equities Fin 1680.38 +12.60 SG Equities Prop 743.72 +7.47 SIMSCI 274.74 +0.36 SiMSCI Futures 275.00 +0.20 MOST ACTIVE STOCKS VOLUME
      428 words
    • Article, Illustration
      970 8  -  Compiled by UMA SHANKARI ComfortDelgro Oct 5 dose: $1.49 KIM ENG SECURITIES. Oct 5 FOLLOWING a meeting with management on Tuesday, we believe that the market has probably overreacted to the threat posed by the increasingly competitive taxi business. Stock price has bounced off its low over the past
      Source: Bloomberg  -  970 words
    • 533 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar took a breather ahead of September US jobs numbers due out tomorrow evening, while the Indonesian rupiah rebounded smartly after the one per cent rate hike in onemonth funds to 11 per cent announced on
      Source: Reuters  -  533 words

  • SINGAPORE NEWS
    • 403 9  -  Distributors of some high-end cars may cut prices by $3,000 $4,000 By CHEN HUIFEN CAR distributors will be busy planning new pricing strategies this week, as the premiums for certificate of entitlement (COE) fell up to 25 per cent yesterday. Results from the latest
      403 words
    • 630 9  -  By NANDE KHIN WHILE the health services of many countries are preparing to tackle a virulent outbreak of bird flu among the human population, individual businesses are not taking similar precautions, warns an international medical care company. The corporate world has been somewhat left
      ARTHUR LEE  -  630 words
    • 215 9 A BLOCK of eight shophouses in Telok Ayer Street is up for sale by private treaty at $23 million. The 999-year leasehold property comprises four-storey conservation shophouses that were rebuilt in 1995 with reinforced concrete and modern features, says sales agent Savills
      215 words
    • 426 9  -  By NGIAM YING LAN SINGAPORE'S profile as a creative hub is set to get a boost in November as the Ministry of Information, Communications and the Arts (MICA) rolls out Creative 2005 Reinvent Your Future, a smorgasbord of activities promoting the creative industries' three broad sectors
      426 words
    • 473 10  -  Visitor arrivals and spending also up for June-July period, year on year By UMA SHANKARI THE recent Great Singapore Sale (GSS) saw record retail sales since its inception 12 years ago, according to the Singapore Tourism Board and Singapore Retailers Association. Each tourist also
      FILE PHOTO  -  473 words
    • 211 10 Revealed Secrets of building a successful brand WHAT are some of the ingredients behind a successful brand? Well, they have been crystallised in a new book featuring the stories of 31 past winners of the Singapore Promising Brand Award (SPBA). Before the latest group of winners are honoured at this
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    • 196 10  -  By UMA SHANKARI IN a move which goes against traditional industry views, Tenet Insurance last month extended its PAStar personal accident packages to cover medical expenses for the treatment of dengue. The company's decision comes during a spate of dengue fever cases which have
      196 words
    • 318 10  -  By OH BOON PING SPORTS-LOVING Singapore businessmen have been invited to mix work with pleasure during the Commonwealth Games to be held in Australia next year. They are being invited to take part in a series of networking events to be
      318 words
  • Page 9 Advertisements
    • 103 9 Take on the Standard Chartered Singapore Marathon 2005 CEO Challenge Rise to meet that personal challenge wtthln. B<mply run 10km for charity, tt'l be great satisfaction Team Dash crossing the finish Hne knowing you've given it your all and done your part for charity. Your registration fee of $IJOOO wi
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  • Page 10 Advertisements
    • 183 10 —T] AN EXCLUSIVE AUCTION OF IMPORTANT SOUTHEAST ASIAN PAINTINGS Singapore, October 8,2005 THE AUCTION PUBLIC VIEWING Saturday, October 8, 2005 Thursday Friday, October 6 7, 2005 Starting at 11 am 11 am 8 pm SHANGRI-LA HOTEL SHANGRI-LA HOTEL Tower Ballroom A Gardenia Room, Mezzanine Floor Orange Grove Rd, Orange Grove
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  • FOCUS: SERVICES
    • 696 11  -  Setting national standards help boost productivity and lower costs, reports OH BOON PING OH BOON PING C LEANER public housing estates are in order, thanks to a new standard for cleaning services by Spring Singapore. And this is just one example of how standards
      FILE PHOTO  -  696 words
  • Page 11 Advertisements

  • ECONOMY WATCH
    • 601 12  -  Led by supply-side constraints, surge hurts confidence, builds up inflation By ANNA TEO [SINGAPORE] The International Monetary Fund's chief economist spoke yesterday of the "large risks surrounding the world economy" as the surge in oil prices hits confidence and contributes to inflation.
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    • 630 12 Bloomberg [WASHINGTON] The Federal Reserve may have to raise interest rates further to tame inflation stoked by a post-hurricane surge in energy prices, Fed policy makers suggested on Tuesday. Futures-market predictions that the Fed will raise its target interest rate by a half-percentage point
      Bloomberg; BLOOMBERG  -  630 words
    • 504 12 Talks determine if US brands China as manipulating yuan International Herald Tribune [NEW YORK] A planned visit to China next week by Treasury Secretary John Snow and the Federal Reserve chairman, Alan Greenspan the two most senior US economic officials may
      International Herald Tribune  -  504 words
    • 330 12 Reuters [GENEVA] World Trade Organisation (WTO) states held talks on farm goods on Tuesday, but divisions remain deep between exporters and importers as the clock ticks towards a December deadline for a deal, officials said. The United States, which is pressing
      Reuters  -  330 words
  • Page 12 Advertisements
    • 373 12 Introducing The Business Times-NTU Annual Competitiveness Ranking for 35 Indian states and union territories India is one of the world's fastest We believe this conference will Annual Competitiveness Ranking growing economies but it is also prove invaluable for investors, of 35 Indian States and Union a very diverse country with
      373 words

  • Page 13 Advertisements
    • 136 13 00p GOOD NEWS SHOULD ALWAYS BE SHARED THAT'S WHY WE RE PROUD TO ANNOUNCE THE CONRAD CENTENNIAL SINGAPORE HAS JUST BEEN VOTED ONE OF THE WORLD'S BEST HOTELS FOR VALUE AND QUALITY BY PRESTIGIOUS TRAVEL LEISURE MAGAZINE'S READERS OUR BLEND OF CONTEMPORARY LUXURY AND INDIVIDUAL STYLE HAS WON US ADMIRERS
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  • MALAYSIA/INDONESIA
    • 473 14 Issue size bumped up by 20% in wake of US$3.5b in orders: source Reuters [HONG KONG] Indonesia was expected to sell US$l.5 billion in bonds late yesterday after having amassed an order book that was more than double that level and
      Reuters  -  473 words
    • 470 14 [WASHINGTON] The United States said it has no plans to sign a non-aggres-sion treaty with South-east Asia even though other big powers Russia, China and India have become signatories to underscore security commitment to the region. Australia, a key US ally, has
      470 words
    • 269 14 AP [KUALA LUMPUR] More than 1,000 possible cases of dengue fever were reported last week, the Health Ministry said yesterday, as it recorded a spike this year in the number of people seeking tests for the disease. The government has said it will declare
      AP  -  269 words
    • NOTE BOOK
      • 71 14 Reuters [BRUSSELS] India's Matrix Laboratories has acquired 95.51 per cent of Belgian generic drugs distributor Docpharma through an agreed takeover bid and now plans to acquire the remaining shares via a squeeze-out. Docpharma and Matrix said in a statement the squeeze-out bid will run from Oct
        Reuters  -  71 words
      • 74 14 AP [BANGALORE] India's stock market regulator on Tuesday barred an animation outsourcing company, Pentamedia Graphics Ltd, from issuing any new shares or dealing in securities a punishment for issuing fake shares. The Securities and Exchange Board of India said Pentamedia had issued a duplicate set
        AP  -  74 words
      • 106 14 Reuters [HONG KONG] Shares in China's four big telecoms carriers skidded yesterday amid market talk that a long-expected industry revamp may not take place in the near term. Cellular giants China Mobile (Hong Kong) and China Unicom fell, and fixed-line operators China Telecom
        Reuters  -  106 words
    • 451 14 Reuters AFP [KUALA LUMPUR] A suspected hoax designed to sow fears of a chemical attack on Malaysia's diplomatic precinct struck at five more embassies yesterday, police and diplomats said. Slim packages containing a yellow, oily liquid and in one case a powder
      Reuters; AFP; AP  -  451 words
    • 2293 14 VOL General Corp 0.45 0.04 332 Oct* 1 W- C886>- Gemmg 31.70 0.40 925 George Kent 031 unch 48 AftMRealty 135 0X13 99 GHL Systems _0.12 unch 360 Abrlc 033 < *01 7 GlobetronicsTech 330 unch 1299 ACP lncfc*tries 0.64/ OXfi 55 GtomacBhd 131 0.01 29 Advance Synergy
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  • Page 14 Advertisements
    • 969 14 Notices WffHPPTWffWMWffffiWI IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PCI TECHNOLOGY PTE LTD -Co. Reg. No. *****1746 C (Members' Voluntary liquidation) At an Extraordinary General Meeting of the Members of PCI TECHNOLOGY PTE LTD. duly convened and held on 3rd October 2005 the
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  • GREATER CHINA
    • 536 15 CCB 's institutional tranche snapped up IPO RACE Strategic investors include Bank of America, Temasek, HK tycoons Reuters [HONG KONG] China Construction Bank (CCB), which is looking to raise up to U557.64 billion in the year's largest IPO, has generated orders for all of the 95 per cent of its
      Reuters  -  536 words
    • 391 15 It'll argue that it's better managed, with better assets [HONG KONG] Bank of China (BOC) is aiming for a bigger market value in its planned overseas listing than its larger rival China Construction Bank's (CCB) expected US$56 billion capitalisation, in a sign
      Source: Merill Lyrch, FT  -  391 words
    • 272 15 Bloomberg [HONG KONG] China Mobile (Hong Kong) Ltd the world's largest cellphone company, by users plans to buy a Hong Kong operator for HK52.25 billion (Ss49o million), challenging the dominance of billionaire Li Ka-shing in the market. China Mobile agreed to
      Bloomberg  -  272 words
  • Page 15 Advertisements
    • 2504 15 HARTFORD HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company registration no. *****2559 D NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held at 410 North Bridge Road #05-00 Cosmic Insurance Building Singapore *****6 on Friday, 21 October 2005 at 10.00 a.m. to
      2,504 words

  • INDIA
    • 573 16 Share boom helps keep jobs as screenbased trade shrinks bond broking ops [MUMBAI] A 2 V 2 -year boom in India's stock market has made millions of investors rich, and now it is even helping dealers from the shrinking bond market stay in
      REUTERS  -  573 words
    • 253 16 [SEOUL] India's biggest private-sector steelmaker, is searching for acquisition targets throughout Asia in the "downstream" steel-processing industry as part of a US$23 billion expansion plan over the next 10-12 years, the Financial Times reported yesterday. Tridibesh Mukherjee, Tata Steel's deputy managing director,
      253 words
    • 339 16 [MUMBAI] Indian banks are healthier than their Chinese counterparts, indicating that their efforts to restructure, notably through reducing non-per-forming loans, are paying off, the Financial Times quoted a report by rating agency Standard Poor's as saying. But risk management, a traditional weakness at Indian
      339 words
    • 210 16 Reuters [NEW DELHI] Demand for gold in India, the world's top consumer, is expected to pick up in the coming days with the start of the festive season, traders said yesterday. They said India's gold imports were hit in past weeks because of volatility
      Reuters  -  210 words
  • Page 16 Advertisements
    • 2669 16 .'Vr •tj&SB&Sfariiit'" Nnhr\ PLATO capital limited 0 Company Registration No. *****7443 M (Incorporated In The Republic Of Singapore) Notice is hereby given that the Annual General Meeting of PLATO CAPITAL LIMITED ("the Company") will be held at Straits Room #29-00, Ocean Building, 10 Collyer Quay, Singapore *****5 on 21 October
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  • ASIA-PACIFIC/WORLD
    • 423 17 New law allows it to pre-empt deals like China's bid for PetroKazakhstan Reuters lALMATY] In a move that may derail China's CNPC's takeover of PetroKazakhstan, Kazakhstan's lower house of parliament yesterday voted unanimously to let the state intervene in the
      Reuters  -  423 words
    • 389 17 AFP Reuters [WASHINGTON] The recent devastating hurricanes destroyed 109 oil platforms and five drilling rigs in the Gulf of Mexico, but only a small portion of production will be lost for good, the United States government said on Tuesday. Hurricane Rita accounted for
      AFP; Reuters; AP  -  389 words
    • WORLD WATCH
      • 82 17 Bloomberg [SEOUL] Samsung Group will not honour an agreement that gave creditors shares in an insurance affiliate in return for waiving US$2.4 billion of debts. "There are legal problems regarding the 1999 agreement and so far we haven't managed to find a compromise," Yun
        Bloomberg  -  82 words
      • 95 17 AFP [LONDON] International terrorism, corruption and political unrest are threatening oil operations in many countries, an executive with the Shell oil group said yesterday. Lan McCredie, head of Global Security Services at Shell International, told the Financial Times that the growing
        AFP  -  95 words
      • 64 17 Reuters [TOKYO] Toyota Motor Corp will buy an 8.7 per cent stake in fellow Japanese automaker Fuji Heavy Industries from General Motors, which will dissolve its ties with Fuji, the companies said yesterday. GM, which owns 20.09 per cent of
        Reuters  -  64 words
      • 80 17 Reuters [TOKYO] Mizuho Financial Group, Japan's second-biggest bank, plans a share sale worth around US$4.7 billion as it seeks to use its soaring stock price to strengthen its balance sheet, financial sources said yesterday. The sources said Mizuho would sell up to 763,000 shares,
        Reuters  -  80 words
      • 88 17 Bloomberg [NEW YORK] The US Securities and Exchange Commission proposed granting exchange status to the Nasdaq Stock Market, a step that would allow the computerised trading system to gain independence from its regulator, the NASD. The proposal may end a five-year logjam for the
        Bloomberg  -  88 words
    • 826 17  -  ASIA INSIGHT Can the Republic restore an 'intellectual buzz' to the annual meetings of the IMF and World Bank next September? ANTHONY ROWLEY Tokyo Correspondent CAN Singapore succeed, where Washington has failed, in restoring the sense of being a great "networking" experience (and even
      826 words
    • 199 17 Reuters [BRUSSELS] Global regulators of the accounting profession will join forces to ensure that new reporting standards for companies are applied consistently across the world. The European Union introduced the International Financial Reporting Standards (IFRS) accounting rules from the start of this year for all
      Reuters  -  199 words
  • Page 17 Advertisements
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      111 words

  • AVIATION
    • 490 18 Last month's strike by machinists raises doubts over annual delivery forecast Bloomberg [NEW YORK] Boeing Co, the world's largest aircraft maker, said third-quarter deliveries of commercial planes fell 7.5 per cent as last month's machinists' strike halted production, putting its annual delivery
      Bloomberg; AP  -  490 words
    • 436 18 AP [ATLANTA] Delta Air Lines Inc, buffeted by high fuel costs in the wake of hurricanes Katrina and Rita, said it is reducing its domestic flight schedule. The Atlanta-based carrier isn't experiencing a shortage of jet fuel, but is conserving energy, it said.
      AP; REUTERS  -  436 words
    • 140 18 Reuters [HANOI] Vietnam Airlines said its revenues rose 28.9 per cent to 15.6 trillion dong (Ssl.6 billion) in the first nine months of this year as the economy grew and more people visited the country. The carrier said it carried 4.48 million passengers in
      Reuters  -  140 words
    • 405 18 It wants to increase domestic share to 50% from 10% now Xinhua [JAKARTA] Having acquired a 53 per cent share of the global aircraft market. European aircraft manufacturer Airbus acknowledged that it has a lot of work to do in Indonesia over
      Xinhua  -  405 words
    • 230 18 AP [HOUSTON] Continental Airlines Inc forecast a modest third-quarter profit as it and some other airlines reported stronger passenger traffic for September, though the outlook for the industry remains troubled. Continental said its September traffic rose 9.8 per cent to 6.2 billion revenue passenger
      AP  -  230 words
    • 111 18 Bloomberg [TOKYO] Japan Airlines Corp, the country's largest carrier, plans to cut 100 jobs to streamline operations as its international and domestic operating units will be merged next October. Under the reorganisation, Japan Airlines International Co, Japan Airlines Domestic Co and JAL Sales will
      Bloomberg  -  111 words
    • 1690 18 CITY HJOHT |U MB ITP K3S7 1025 SQ408 1855 Donpasartail SQ141 1145 5Q142 0935 iSBS as ssf ll Is ii S0442 2Q20 SQ435 0550 SQ436 2030 SI HPI irS SQ347 0555 $455 ,350 *£S6 1400 Auckland l EK43| Jg 81 0855 EK348 1650 SQ492 2325 Sg6883
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  • Page 18 Miscellaneous
    • 204 18 CRYPTIC CROSSWORD 28 Angela's cooking something from Italy (7) 8 A sign of commitment to the YESTERDAY'S SOLUTION battle call? (10,4) Across; 1 Scrag, 4 Ladys man, 8 DOWN 13 Father is in the wrong country Orations, 9 Took root, 11 Emptied, 1 Looks across the street for (5) 13
      204 words

  • SHIPPING
    • 645 19  -  Specialist suggests expedition, cruise ships to ply Aussie-SEA routes By EVELYN DUFFY in Perth TOURISTS from Singapore, Malaysia, India and China may get to swim with whale sharks, visit remote pastoral stations or see an array of marine and land based wildlife in its
      FILE PHOTO  -  645 words
    • 294 19 SGX 'OM oai ss w- vo< CH Offshore .0.44 0.02 5369 ChuanHup 0.92 unch 2230 Cosco Corporation -2 52 -0.01 1206 CWT Distribution 0.77 0.02 371 Ezra Hldgs _.1.54 -0.03 6234 Freight Links 0 06 unch 662 Grand Banks Yacht .0.95 unch 0 Java Holdings 132 -0.01 883
      294 words
    • 111 19 [SINGAPORE] As part of its annual celebration of World Maritime Day the Maritime and Port Authority (MPA) of Singapore presented gift hampers to vessels calling at the Singapore port last week, reaching out to an estimated 12,000 seafarers. Jointly sponsored by the MP A and the
      111 words
    • 411 19 Bloomberg [LONDON] The cost of shipping crude oil from West Africa to the US on two-mil-lion-barrel tankers surged to its highest in over seven months because of a shortage of ships available for hire at the end of October. Freight rates
      Bloomberg  -  411 words
    • 376 19 Don't be seduced by comfort factor, it tells policy-makers Anderimar Shipping News [LONDON] The president of the UK Chamber of Shipping, William Everard, has warned legislators against excessive intervention in shipping. Speaking at a dinner to mark the EU Presidency conference on European Maritime
      Anderimar Shipping News  -  376 words
    • 118 19 Bloomberg [LONDON] The Port of Marseilles Authority was set to meet yesterday with a labour union in a bid to end a strike that has shut France's largest port for more than a week. The port's management was slated to meet representatives of the
      Bloomberg  -  118 words
  • Page 19 Advertisements
    • 1124 19 FAR EASTERN FREIGHT CONFERENCE (FEFC) uliakJl IjßjftJßflll Ikljuilli EaiMMbA JMuJ aski lexcmaing japan/ vo narvri curopt ana wsunwiuiwon iraaes Confrno Rote R>»lorolion In their Business Plan 2005, Members Lines of the FEFC advised that a Conference rate restoration would be applied on 15th October 2005 with the level of increase
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  • EDITORIAL & OPINION
    • 537 20 EDITORIAL IF the intention of the bombers behind the latest Bali outrage was to deliver a body blow to the island's tourist industry, it is almost certain to fail. Unlike the 2002 bombing, when the sense of shock was palpable and tourists rushed for the exits
      537 words
    • 741 20  -  THE BOTTOM LINE RONNIE LIM Energy Editor DINNER at the restaurant terrace atop the chic Three on the Bund in Shanghai was memorable. It wasn't just the excellent East-West fusion of the Chinese roast duck salad or the succulent grilled steak that did it
      741 words
    • 1413 20  -  Next Fed head must be able to click with Bush, reassure Wall Street By EDMUND L ANDREWS NYT PRESIDENT George W Bush said on Tuesday that he has yet to receive a list of candidates to succeed Alan Greenspan as chairman of the
      NYT; PHOTOS: BLOOMBERG  -  1,413 words
    • 945 21  -  Sordid scandal details coming out unlikely to derail US president; biggest threat comes from within party LEON HADAR Washington Correspondent JUST when you thought that things couldn't get worse for US President George W Bush and his Republican allies on Capitol Hill a costly and bloody
      REUTERS  -  945 words
    • 757 21  -  US apathy on climate change despite hard lessons could be costly for the world G PANICKER AS THOUGH driving home a point, Hurricane Rita hit President George W Bush's home state recently. With a little luck and extensive evacuation, Texas escaped the cruel blow Hurricane
      AFP  -  757 words
    • 278 21  -  LETTERS TO THE EDITOR Anthony Chia General manager NTUC Income Singapore I REFER to Genevieve Cua's report, "The lowdown on new Shield plans" (BT, Sept 28). Ms Cua quoted several examples to suggest that only a low percentage of the hospital bill is claimable. These examples
      278 words
    • 293 21  -  Anitah Hj Abdul Ghani Manager, public affairs For chief executive Accounting Corporate Regulatory Authority Singapore I REFER to the letter, "Long wait for repayment" (BT, Sept 30), in which Denis Distant attributed the wait between Keppel T&T's announcement of a capital
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  • Page 21 Advertisements
    • 405 21 HAVEYOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph.com.sg or write to: The Business Times, SPH HQ, 1000ToaPayoh 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
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  • 11137 22 SGX MAINBOARD 52-Wk Tel Last Vol Day Last Quote GrOiv Div GrYM Net MCap High Low Code Company Sale ('000) High Low Boyec SeHef S Cvr Hi irrn 95 2 5716 1st Software 5c 3 unch 610 3 5 3 3 3 5 12.1 28 S 85 3148
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  • Page 22 Advertisements
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  • 6645 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curt III ti III UM tyr dy yr S d» %y Ocl4 inde« Chang* Charge Chanijt Chjn-yt Change Work) lnde« Preliminary 934.5 01 96 0-? 86 OJ 47 t EAf t Prekmmary 917.7 0.3 188 0.4 10.9 05 6JB fmope Preliminary
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  • Page 24 Advertisements
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  • Page 25 Advertisements
    • 1225 25 www.hombufgsud.com ASIA SERVICE SIINO 1 (EXPORT) ASIA SERVICESIING 2 (EXPORT) ETA ITA Vtwd/Vtrat SINGAPORE DORIAN SEPETMA SANTOS lUIAI PARANAGUA Vtml/Vw. SINGAPORE MIENOSAMES RIOORANPE SANTOS gfli NYK NintosjooloW 12/10 23/10 02/11 03/11 05/11 04/11 WonHo2i2lolW N/10 31/10 03/11 05/11 04/11 Cop Cormel 504W 19/10 30/10 09/11 10/11 12/11 13/11 CapAml 522W
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 8190 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SM Dcsfn Kane Name Mr Manber SIM Destn Name Name »*r. 20/10 30/11 HamburgSud CAP CASTILIO 502E *****133 To ABIDJAN (ABJ) 2003 Cote D'lvoire To ANTWERPEN (ANR) 2019 Belgium 18/10 25/11 CMACGM
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  • Page 26 Advertisements
    • 739 26 MM# WALLENIUS WILHELMSEN website: http://www.2wglobal.com VESSEL ~VOY RAMP HEIGHT SIH IK ~MAO~ HOW ~MIA SAV lAI ORF NYC ~NEW~ MOB TAIKO AFS27 4201 MS 6.4 M IN PORT 30/10 08/11 12/11 17/111 15/11 TAUIOT AFSS2 4001 MS 6.3 M 14/10 09/11 U/ll 22/11 25/11 2S/11 TAUSMAN AFS2B 3201 MS 6.4
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    • 1170 26 vtssa voy sw rcu vtssa yot si jkt PAC PANDA 1571N 04/10 04/10 MUU 4106 "1)3/10 00/10 PACBANDA 1572N 0(/10 M/ 10 PACMNUN 9319 08/10 11/10 OF MOl 01t»~ 06/10 07/10 iffi mtr nuni I i ctiu n7/in at/ill PAC IMTAN 9320 15/10 18/10 gSS —HtS «/ft Sm m *?4=
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    • 374 26 BSA jl lIP MYANMA n FIVE STAR UNE (My«HMr NotioMi Um) Loading far Yo*|m VESSa VOT SIN PU PEN PGU PAGAN 34RW SID PAGAN 349W SID IN MAUTSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL 03-300SMS! PEN: 04-2*3311S ACCEPTIIB COMVEiTIOMAL C6O VESSa VOT NRG SM PGU PRI RUC PRINCESS 7S SID SID SID
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  • BizIT
    • 691 28  -  Singapore wireless broadband operators will soon be able to deploy the technology that offers ubiquitous coverage, also called 'WiFi on steroids', writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY WIRELESS broadband operators in Singapore can deploy the higherspeed WiMax technology when they
      691 words
    • 436 28 Domestic market put at US$800m by year-end [BANGALORE] India is ready to move beyond software into the very heart of computing and make microchips. Its ambitions have been thwarted by inadequate water, power shortages and poor roads, but industry officials say the country
      FILE PHOTO  -  436 words
    • 293 28  -  By OH BOON PING THE National Infocomm Competency Centre (NICC) aims to certify up to 600 information technology professionals skilled in applying web services over the next three years in Singapore. This is one of the key •targets set by the Infocomm Development Authority
      293 words
    • 206 28 Bloomberg [WASHINGTON] Sprint Nextel Corp, the No 3 US wireless carrier, has sued Vonage Holdings Corp and theglobe.com Inc, accusing them of infringing seven patents tied to making phone calls over the Internet, or what is called VoIP (Voice over Internet Protocol). The lawsuit, filed
      Bloomberg  -  206 words
    • 227 28 AFP [SAN FRANCISCO] Google and Sun Microsystems said they were teaming up to offer free spreadsheet and word-processing software online in a head-on challenge to rival Microsoft. The two companies said they will allow all web users to access Sun's Open Office suite from
      AFP  -  227 words
    • 390 28  -  By MATTHEW PHAN CHINESE computing giant Lenovo Inc yesterday launched what it says is the thinnest and lightest widescreen notebook in its class, the ThinkPad Z6O, with a new silver cover to match the brand's new owner. The Z6O gives buyers the option
      390 words
    • 573 29  -  It will initially offer the mobile-Internet service to post-paid customers Reports by AMIT ROY CHOUDHURY in Tokyo STARHUB is readying to launch the wildly popular i-mode wireless access technology that took Japan by storm this year. And the basic price plan would be similar to
      FILE PHOTO  -  573 words
    • 266 29 LAUNCHEDby NTT DoCoMo in February 1999, i-mode has more than 45 million users in Japan alone. That includes both 2.5 G and 3 G i-mode users. Outside of Japan, i-mode has more than five million customers who use it over GSM networks in Australia,
      266 words
    • 338 29 China firm also to develop 65nm chips with Luminescent Bloomberg [SEOUL] Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest made-to-order chipmaker, said it began test production of chips based on its most advanced technology. TSMC expects to increase production of 65nm (nanometer) chips during
      Bloomberg  -  338 words
    • 306 29 Reuters [LONDON] British chip designer ARM Holdings has unveiled a new processor that will enable devices such as cellphones, digital cameras and TVs to hit processing speeds now only available in computers. ARM, which designs processor cores and then lets other semicon firms include
      Reuters  -  306 words

  • Page 29 Advertisements
    • 229 29 H;>.. i: Jlslll -v v/ <v r^Sß|i^H ft V'■ *IJ /x •x* *'l 2 V°.\ t f^jjjj^jj^^jj^^ /v. V > >■' V* *>& Wt I^l K. KjjjPP JEREMY LAN6MEAD MARTINE SITBON SHEKHAR KAPUR MALCOLM MCLAREN THAM KHAi MEN 6 808 (SHERWOOD REM KOOLHAAS JOHN HOWKiNS Editor-in-Chief Haute Couture Award-Winning Founder
      229 words

  • PROPERTY
    • 816 30  -  Both local and overseas investors showing keen interest, says TERRI LEE We estimate the number of deals closed in the first six months alone to be higher than what was achieved in the previous two to three years. TERRI LEE IN THE normal course
      816 words
    • 332 31  -  At least 2 major condos to be previewed this week By KALPANA RASHIWALA DEVELOPERS are revving up their launch machinery, hot on the heels of last week's strong take-up for The Azure condo. At least two major projects are slated for preview later this
      332 words
    • 312 31 Bloomberg [HONG KONG] Hutchison Harbour Ring Ltd, a toymaker controlled by billionaire Li Ka-shing, will buy an office building in Shanghai from parents Hutchison Whampoa Ltd and Cheung Kong (Holdings) Ltd for US$3OO million. Harbour Ring, Hong Kong's largest toymaker by
      Bloomberg  -  312 words
    • 121 31 Bloomberg [EDINBURGH] ING Real Estate, the property unit of ING Groep NV, said it plans to raise £252 million (***** million) through a share sale for a closed end fund investing in UK real estate. The fund will own more than 50
      Bloomberg  -  121 words
    • 1797 31 PROJECT NAME/ PROP CONTRACT TENURE BURNN/IAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (S$ 000) (S$) District 3 NON-LANDED Domain 21 Apt 07/09)7005 99 1033 648 627 Domain 21 Apt 01/09/2005 99 1033 746 722 Domain 21 Apt 01/09/2005
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  • Page 30 Advertisements
    • 628 30 r BUKIT BATOK Prime Residential Site District 211 r t "ESERVt (No. 2 Toil Tuck Road) Land Area 119,423 sq ft Tenure 999 years i f Plot Ratio 1.4 PR (up to 5 storeys) \%< *mT i Tender :28 October 2005 w 4+ V TWtfg* Closing Friday3.3opm 3if' \y 77
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  • Page 31 Advertisements
    • 333 31 JonesLang 2 W LaSalle- g Al| T H i'i I .V A ■tm T m gpL Prime Detached Production/Office facility 3-storey building with a 6-storey extension Prominent Wide Frontage I Gross Floor Area 376,142 sq ft approx. Within walking distance to Yio Chu Kang MRT Station Easy access to amenities
      333 words

  • WORKSPACE
    • Article, Illustration
      968 32  -  Security technology is more potent than ever, but it is still up to the people in charge to ensure that systems stand up to scrutiny. TAN SU YEN reports TAN SU YEN SECURITY has become so übiquitous in workplaces these days that buildings now incorporate features like
      ARTHUR LEE  -  968 words
    • 517 32  -  By TAN SU YEN "IN the past, security to many clients simply meant security guards. Today, they think of security in terms of technologically advanced security systems. What businesses actually need are security systems complemented by security guards. But remember, it is only the well-trained guard who can
      517 words
  • Page 32 Advertisements
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    • 17 32 A series on workspace brought to you by _ONE ■raffles ■■quay Leasing enquiries 6438 3328 6224 8181
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