The Business Times, 7 October 2005

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Total Pages: 33
1 34 The Business Times
  • 15 1 THE BUSINESS TIMES online at htto://business-times.asial .com.sq SINGAPOREBS cents MICA (P) 089/03/2005 Friday, October 7,2005
    15 words
  • 645 1  -  Consultants expect top bids of at least $800 psf ppr By KALPANA RASHIWALA [SINGAPORE] The Glutton's Square site next to the Specialists' Shopping Centre and Somerset MRT station will finally be launched for tender. The Urban Redevelopment Authority (URA) confirmed yesterday it
    645 words
  • 137 1 STI 2,***** (-36.42) ST INDEX FUTURES 2,293.00 (-36.00) simso 270.73 (-4.01) SIMSO FUTURES 270.70 (-4.30) MARKETS Thursday Chang* KLSECOMP 926.25 -1.26 NIKKEI 225 13,359.51 -330.38 HANG SENG 14.839.30 -321.73 SET INDEX 710.79 -6.38 JAKARTA COMP 1.096.38 -7.68 MANILA COMP 1.939.35 -1.59 SEOUL COMP 1,202.49 -24.91 SHENZHEN B Closed
    137 words
  • 755 1  -  IRs, govt moves give Singapore real estate shot in arm; more catalysts seen ahead By TEH HOOI LING [SINGAPORE] The property sector has emerged as the star of the local bourse, with an average stock price gain of 40 per cent so
    Compiled by BT  -  755 words
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  • TOP STORIES
    • 521 2 S'pore firms are top investors in Indonesia SINGAPORE companies many of them smaller businesses were the top investors in Indonesia in the first nine months of this year, pumping in more than US$2 billion, according to Indonesia's National Investment Coordinating Board. This represented almost 25 per cent of
      521 words
    • 585 2  -  MAS considers making corporate bonds regulatory capital for banks By WONG WEI KONG [SINGAPORE] A Global Depository Receipt (GDR) programme will soon be launched by the Singapore Exchange (SGX) to help develop the capital markets here. And the Monetary Authority of Singapore (MAS) is
      585 words
    • 280 2 But some analysts view slide as short-term turbulence Reuters [LONDON] Stock markets across the Asia-Pacific region tumbled yesterday, spooked by Wall Street's 1.2 per cent losses on Wednesday. Many investors sold shares to pocket gains from rallies in many of the region's markkas.
      Reuters  -  280 words
    • 636 4  -  US$2b investments account for nearly 25% of 9-mth total By SHOEB KAGDA in Jakarta SINGAPORE companies many of them smaller businesses were the top investors in Indonesia in the first nine months of this year, pumping in more than US$2 billion into the
      636 words
    • 642 4  -  By NANDE KHIN [SINGAPORE] The government does not interfere in the investment decisions of Temasek or its subsidiaries, Prime Minister Lee Hsien Loong said yesterday. "They have to decide where the opportunities are, where the risks are and what shape they want
      642 words
  • Page 2 Advertisements
    • 349 2 Foreign Exchange Risk Management Dates With globalisation and cross-border trading, managing foreign exchange 8-9 November 2005 exposures cannot be left to chance. This workshop initiates the participants in 9.00 am to 5 .00pm the rudiments of currency risk management and provides an integrated Venue a PP an( u P^ ate
      349 words
    • 55 2 MARELLA HUGO HUGO BOSS BOSS HUGO BOSS Ladies' Apparels and Accessories Up to 80% off 7-12 Oct '05 Isetan Scotts Promotion Gallery, Level 3 A idl: II MMI 1ft I I'l I It It H ,1 j... <!' >f|- i M"; t -I ISETAN SI NGAF^ORE www.isetan.com.sg Isetan Scotts Tel
      55 words

  • Page 3 Advertisements
    • 529 3 ADVERTISEMENT Breakthrough J Fast Acti HAN K S to equivalent of six times our body weight. Elderly Singaporeans and women most j Hn. our the Tasked with this heavy load, it's not difficult to commonly affected place where see why our joints need special care. About lin 25 Singaporeans* are
      529 words

  • Page 4 Advertisements
    • 215 4 BT ONLINE Access to BT Online is free after 6pm each day. But print subscrfoers can access our online news anytime. Cafl 6388-3838 to subscribe and activate your online account j- *98^881 gffl p 'WfWFTM §BBti JIAYI FURNITURE PTE. IT'i 298 Rfvar Why Raul 5(*****f1) HlijUJ||| BfiSSss Sun f»/H: 11.30
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  • Page 5 Advertisements
    • 502 5 FIRSTLINK INVESTMENTS CORPORATION LIMITED (Co. Reg. No. *****2562E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Firstlink Investments Corporation Limited (the "Company") will be held at 1.30 p.m. on 22 October 2005 at Ballroom 2, Level 3,
      502 words
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  • COMPANY NEWS
    • 799 5  -  Sias head satisfied that the work done by paid advisers was necessary By MICHELLE QUAH SHAREHOLDERS and creditors of the beleaguered Citiraya Industries would be far better off if the electronics waste recycling company continues as a going concern than if it
      CHRIS LOH  -  799 words
    • 650 5  -  HOCK LOCK SIEW By R SIVANITHY HOW many retail investors take the trouble to fully read research recommendations that brokers issue, especially when these recommendations are on small caps or second liners? From observation and anecdotal accounts from dealers, the answer is: very few. Instead
      650 words
    • 457 8  -  STOCKS Biotech, IT, healthcare are where it's at, S'pore investors told By LESLIE YEE NEXT year's outlook for US stocks is positive and investors should park money in sectors with good earnings growth such as biotech, information technology hardware and software,
      457 words
    • 304 8  -  By ANGELA TAN SINGAPORE stocks are poised to take off, led by those in the offshore, water and consumer sectors, a research head said yesterday. "Following the third-quarter earnings round, we believe we will be a lot closer to a trough in valuations than
      304 words
    • 412 8  -  By ANGELA TAN MEDIACORP is seeking to sell at least 100 million shares, or about a third of its 13.71 per cent stake, in Star Hub, Singapore's second largest telco, sources familiar with the companies said yesterday. "Nothing has been finalised yet as
      BLOOMBERG  -  412 words
    • 5103 8 UNIT TRUSTS FUNDS Citi Global Bond/* 1.456/ Ci# Asia Infrastructure 0.7726/0 8035 A8N Amro Asset Mgt (S'pore) CmBorxTs'pore A/$ 1291/ Star Europe Eqty'** 0856/ Star Europe Bond 1.235/ Cm Monev SGD CM 1 0 30» Star Europe Bal 1.16/ £1 c™ nX fteii"" 084& s® E<w 52! ct. PavEurope Equdy
      5,103 words
    • 442 10  -  PROPERTY Strong demand for Tower One prompts CityDev to release second tower By ALEXANDRA HO DESPITE the highest price ever for a 99-year leasehold project, there is no lack of demand for City Developments' wildly popular The Sail@Marina Bay and
      442 words
    • 273 10  -  By ARTHUR SIM MAPLETREE Logistics Trust (MapletreeLog) has received a waiver from the Monetary Authority of Singapore to acquire a property from "interested party" SNP Corporation, a printer and publisher. Both MapletreeLog and SNP are linked to Temasek Holdings, and under SGX guidelines a
      273 words
    • 224 10  -  By LESLIE YEE INVESTORS hopeful of a tussle for control of UIC chased its share price to $1.16 yesterday beyond the offer price of Filipino tycoon John Gokongwei and the highest finish this year. Yesterday's closing price is 5.5 per cent higher
      224 words
    • 304 10  -  By CHEN HUIFEN HOT on the heels of the resignation of its chief executive, British biotech firm GeneMedix pic has appointed Global Markets Capital Group LLC to help it with a restructuring exercise. "In the light of the recently announced resignation of its
      304 words
    • COMPANY BRIEFS
      • 112 10 CONSTRUCTION firm Neocorp International has filed a petition for it to be placed under Judicial management Kon Yin Tong and Wong Kian Kok of Messrs Foo Kon Tan Grant Thornton have consented to be appointed as judicial managers. Neocorp said it will also be applying
        112 words
      • 98 10 ASIAN conglomerate Jardine Matheson Holdings said Percy Weatherall (above) will be retiring as its managing director from the end of March next year. He will also be relinquishing his position as MD of the group's companies—Jardine Strategic Holdings. Hongkong Land, Dairy Farm International and
        98 words
      • 57 10 REYOUNG Pharmaceutical Holdings posted a 61.8 per cent growth in its half-year net profit to 38.6 million yuan (SsB.l million), driven by rising consumer spending in China and strong contribution from its personal hygiene business. For the six months ended June 30, revenue gained
        57 words

  • SINGAPORE MARKETS
    • 542 6  -  STOCKS But yesterday's sell-off was not unexpected given the recent price rise in some sectors R SIVANITHY Senior Correspondent THFRF'S a popular school of thought which holds that the new US Federal Reserve chairman who is due to be appointed in three months will
      Source: Bloomberg  -  542 words
    • 514 6  -  TRADES TO WATCH By Alexandra Ho MAINBOARD-LISTED Rotol Singapore has completed a placement of 110 million new shares at 10 cents each. The placement exercise, which was announced earlier this year when Rotol shares were trading way below its latest close of 19.5
      514 words
    • Article, Illustration
      422 6 OTHER SINGAPORE INDICES Oct 6 VALUE CLOSE BT OB/OS -32.00 -186.00 1 BT CADI -*****.00 -193.00 BT 10-day MA -*****.00 -3.00 All-SG Equities 590.21 -7.98 SG Equities Elect 128.03 -0.83 SG Equities Fin 1657.69 -22.69 SG Equities Prop 727.65 -16.07 SIMSCI 270.73 -4.01 SiMSCI Futures 270.70 -4.30 MOST ACTIVE STOCKS
      422 words
    • Article, Illustration
      917 6  -  Compiled by UMA SHANKARI Keppel Corp Oct 6 close: $12.50 CITIGROUP RESEARCH, Oct 4 WE reiterate our Buy/Low Risk (1L) rating on Keppel Corp and target price of $15.22. We believe Keppel offers investors an undervalued, steady growth business, with relatively low earnings risk and potential upside from
      Source: Bloomberg  -  917 words
    • 500 6  -  CURRENCIES LARRY WEE Senior Correspondent CAUTION ahead of hurricane-distorted US jobs numbers later tonight and an extended weekend break ahead (in Canada, Japan and the US) heavily influenced currency trading yesterday lifting the recently weak euro back above the psychological US$l.2O marker with ease while, at the
      Source: Reuters  -  500 words

  • Page 7 Advertisements
    • 3493 7 MANDATORY CONDITIONAL CASH OFFER by CIMB CIMB-GK SECURITIES PTE. LTD. (Company Registration No. *****1621 D) (Incorporated in the Republic of Singapore) for and on behalf of SUMMIT TOP INVESTMENTS LIMITED (Incorporated in the British Virgin Islands) for UNITED INDUSTRIAL CORPORATION LIMITED (Company Registration No. *****0181E) (Incorporated in the Republic of
      3,493 words


  • Page 9 Advertisements
    • 316 9 1W -*:V'- M; h y»is Jk/L M& ."1 3yf *5?- S'i |HH If w C m%!j v Hi ~lft: BBBBBBHBBBPBMiHMBHHBOA > <v 1'- I^-^SNJVt^BmHu4H^HM I C& O Pharmaceutical Technology (Holdings) Limited fl Registration No. ***** Incorporated in Bermuda on 28 July 2003 1 Invitation in respect of 156,000,000 Shares of
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  • Page 10 Advertisements
    • 411 10 I Introducing The Business Times-NTU Annual I Competitiveness Ranking for 35 Indian states and union territories I India is one of the world's fastest We believe this conference will Annual Competitiveness Ranking I growing economies but it is also prove invaluable for investors, of 35 Indian States and Union I
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    • 286 10 NOTICl s In The Matter Of The Companies Act, Cap. SO And In The Matter Of MARCUS WONG K K PTE LTD Rag. No. 1M*****7D (f.k.a G S U Logistics (S) Pie Ltd) NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. SO NOTICE IS HEREBY
      286 words
    • 1001 10 NEWSPAPER NOTICE NOTICE IS HEREBY GIVEN pursuant to Section 76< 10Mh) of the Companies Act (Chapter 50 of Singapore) (the "At*") that at the Extraordinary General Meeting of Loscem Asia Private Limited (the "Company") held on S October 2006, the following resolutions were pessed: SPECIAL HESOLtmOMS HNAMOAL ASSISTANCE RESOLVED by
      1,001 words

  • SINGAPORE NEWS
    • 372 11  -  Their monthly income jumps 13% to $9.000, ahead of region's 8% By MATTHEW PHAN SINGAPORE'S wealthy are getting richer, according to a Synovate PAX media survey that tracks the affluent sector across 11 markets in the Asia-Pacific region. The average monthly income of Singapore's affluent
      FILE PHOTO  -  372 words
    • 403 11  -  By NGIAM YING LAN SINGAPORE iffto house the new Asian regional headquarters of the global arts management company IMG Artists, it was announced yesterday. The company, whose clients range from Elvis Costello to Jose Carreras and the Soweto Gospel Choir, previously had
      403 words
    • SINGAPORE ROUNDUP
      • 74 11 THE Ministry of Manpower yesterday announced that Gan Kim Yong, the new Minister of State for Education and Manpower, will chair the tripartite committee on employability of older workers. Mr Gan will take over with immediate effect from Leo Yip, the Permanent Secretary
        74 words
      • 55 11 THE Singapore Tourism Board, Workforce Development Agency and Spring Singapore, together with Minister in the Prime Minister's Office Raymond Lim, yesterday launched Gems—short for "Go the Extra Mile for Service" to encourage everyone, including "businessmen, service workers and customers", to play their parts to
        55 words
      • 57 11 SINGAPORE Press Holdings' Classified Advertisements is being rebranded as CATS Classified and will have a new logo. The logo change is to reflect a significant broadening of CATS Classified's capabilities and service orientation. CATS Classified handles three million advertisements in more than 300 categories
        57 words
    • 406 11  -  By RAJU CHELLAM MOBILE phone giant Motorola will not retrench in Singapore as part of a plan it announced yesterday to cut 1,900 jobs in 29 facilities across 20 countries. Asia will see the least number of jobs affected. "There will
      FILE PHOTO  -  406 words
    • 216 11 DESPITE high oil prices and air ticket surcharges, AsiaPacific travel is on the upswing, rising 19 per cent in August from a year ago. Ticketing and reservations company system Abacus recorded more than 4.41 million bookings in August, with intra-Asian travel contributing 81
      216 words
    • 328 11 JAPAN'S Kikkoman Corp yesterday opened its first overseas R&D facility at the National University of Singapore (NUS), under a tie-up with NUS to work on new products and ingredients for Asian cuisine. In Singapore to officiate at the opening was Kikkoman chairman and CFO
      328 words
    • 414 11  -  By NANDE KHIN THE five members of Rafflessooo Committee facing payment demands by Raffles Town Club (RTC) failed in their attempt in the High Court yesterday to stop the club from suing them. The five committee chairman Alan Lee, Peter Wong, Steven
      414 words
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  • ECONOMY WATCH
    • 534 12 Bloomberg [TOKYO] Japan's consumer prices will probably gain next year, ending more than seven years of deflation, and prompting the Bank of Japan to raise interest rates, according to a survey of economists. Core consumer prices, which exclude
      Bloomberg  -  534 words
    • 564 12 New economic roadmap to be laid out at upcoming party plenum Reuters [BEIJING] China is poised to unveil a new roadmap for the world's seventh-big-gest economy that scraps a long-standing policy of faster growth in favour of improving social services and
      Reuters; BLOOMBERG  -  564 words
    • 284 12 AFP [BEIJING] China's central bank chief has warned of more friction with trading partners in the near future due to China's ever growing trade surplus, state media reported yesterday. This year the contribution from investment and consumption to China's overall growth will drop further but
      AFP  -  284 words
    • 258 12 Reuters [ATHENS] European Central Bank president JeanClaude Trichet yesterday called for strong vigilance against renewed oil price pressures in the euro zone, upping his anti-inflation rhetoric after the ECB held interest rates steady. Euro zone rates have been steady at 2 per cent since
      Reuters  -  258 words
    • 441 12 Reuters [TOKYO] The yen's puzzling month-long decline despite heavy cross-border fund flow into Japanese stocks has fuelled talk that foreign investors may be hedging their currency exposures to take advantage of widening US-Japan interest rate gaps. In the past, the yen soared
      Reuters  -  441 words
  • Page 12 Advertisements
    • 1574 12 sjS\ uonasiapac limited qKfim (Co. Reg. No. *****0586R) mVU (Incorporated in the Republic of Singapore) NOTICE OF 35™ ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 35th Annual General Meeting of Lion Asiapac Limited (the "Company") will be held at The Conference Room at 10 Arumugam Road #10-00 Lion
      1,574 words

  • MALAYSIA/INDONESIA
    • 194 13 AFP [KUAIA LUMPUR] Malaysia's state investment arm Khazanah Nasional yesterday said it had completed the acquisition of a 52.05 per cent stake in Indonesia's Bank Lippo for about US$327 million. Khazanah said in a statement that its wholly owned subsidiary, Amsterdam-based
      AFP  -  194 words
    • 240 13 Reuters [KUALA LUMPUR] Malaysia, the world's top palm oil producer, will make a palm oil-based fuel a mandatory additive at petrol pumps by 2008, a newspaper said yesterday part of government efforts to cut its diesel subsidy bill. With crude oil prices expected
      Reuters  -  240 words
    • 2389 13 VOL General Corp 0.43 -0.02 173 OctS Mi +t- COOP) Genting J1.50 -0.20 441 George Kent .0.62 0.01 9 A&M Realty 1.63 -0.02 95 GHL Systems .0.12 -0.01 1694 A bric 0.32 -0.01 50 Globetronics Tech 0.32 0.02 1192 ACP Industries 0.64 unch 31 Glomac Bhd 1.32 0.01
      2,389 words
    • 522 13  -  Rise follows foreign brokers' focus on sector amid record palm oil prices By PAULINE NG in Kuala Lumpur OIL palm is proving to be the golden crop of the Malaysian stock exchange, as plantation stocks continue to shine in an otherwise lacklustre
      522 words
    • NOTE BOOK
      • 94 13 Bloomberg [MUMBAI] India's Sensitive index yesterday posted its biggest decline in two weeks as some investors judged the benchmark's 20 per cent gain in the past quarter excessive. Reliance Industries led the drop. The Sensex fell 195.77, or 2.2 per cent, to
        Bloomberg  -  94 words
      • 118 13 AP [JAKARTA] The Indonesian government's dramatic fuel price raises may force about 200 textile companies into bankruptcy and lead to 60,000j0b losses this year, an industry representative said Wednesday. The government, reacting to soaring global oil prices, announced just after midnight Saturday
        AP  -  118 words
      • 125 13 AFP [BEIJING] China yesterday voiced "firm opposition" to the US government's acceptance of an industry request to consider quotas on 13 types of Chinese textile imports. "The US practice has apparently violated relevant standards under the World Trade Organization. We are firmly opposed
        AFP  -  125 words
      • 114 13 Reuters [BEIJING] China's Communist Party leadership opens a four-day, closed-door plenary meeting on Saturday that aims to map out economic policy for the next five years and could see President Hu Jintao consolidate his grip on power. The party has made it a priority
        Reuters  -  114 words
      • 95 13 Bloomberg [HONGKONG] China Mobile (Hong Kong), which plans to buy control of China Resources Peoples Telephone Co. denied a report that it's trying to buy SmarTone Telecommunications. China Mobile, the world's largest mobile-phone carrier by users, is focusing on the planned Peoples Telephone
        Bloomberg  -  95 words
      • 120 13 Reuters [HONG KONG] Property developer New World Development said yesterday it rebounded to an annual net profit of HK52.99 billion (***** million), thanks to a recovery in Hong Kong's property market and asset sales by its infrastructure arm, NWS Holdings. Earnings for the year
        Reuters  -  120 words
    • 436 13 They probably have no serious links to terror groups Reuters [KUALA LUMPUR] Suspicious packages that triggered a security alert in Malaysia's diplomatic district this week were probably sent by scaremongers with no serious ties to wellknown terror groups, political analysts said yesterday. Slim packages containing
      Reuters  -  436 words
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  • Page 14 Advertisements
    • 4158 14 W AT3 cP NOTTCFS I V J M V V I i Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUY IT- SELL IT FIND IT LASSETERS INTERNATIONAL HOLDINGS LIMITED Company Registration No: *****2223 M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the
      4,158 words
    • 453 14 In the matter of The Companies Act, Cap. SO And In the Matter of CENTRAL COCOA PTE LTD (Company No. *****2168G) and WELLON DISTRIBUTION PTE LTD (Company No. *****2077 D) STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES I, WOON SEE SOON of
      453 words
    • 1079 14 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF LIBRARY EXCHANGE PTE LTD (In Members' Voluntary Liquidation) (Company Rag. No. *****7946 D) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 100 Victoria
      1,079 words

  • INDIA
    • 476 15 They hope to use cost advantage to ride rising wave of medical tourists Economic Times [NEW DELHI] With medical tourism projected to become a US$l billion business by 2012 in India, hospital chains are lining up major expansion plans. Most major private
      Economic Times  -  476 words
    • 55 15 [NEW DELHI] A leading New Delhi jewellery store is hosting an exhibition of its latest range of innovative, real and rare collection of exquisite ornaments from Oct 4-9. The show, showcased by models, coincides with the 'Navratas'. or the Festival of Nine Nights, and the following
      AFP  -  55 words
    • 325 15 Tusco and Millennium Steel named as targets; cost put at 10-15b rupees Reuters [MUMBAI] Tata Steel India's largest private-sector steel maker is in talks to buy a mill in Thailand to shore up its presence in South-east Asia,
      Reuters  -  325 words
    • 207 15 [MUMBAI] ICICI Bank, India's second largest lender, is next week expected to approve the country's biggest secondary offering, an issue that could swell to US$l.5-2 billion, the Financial Times quoted bankers as saying. The paper reported that the board of ICICI will
      207 words
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  • GREATER CHINA
    • 354 16 Reuters [TAIPEI] Taiwan may seize assets of Richard Chang, chief executive of top Chinese chip maker Semiconductor Manufacturing International Corp (SMIC), for failing to pay fines for violating investment rules, an economic ministry official said yesterday. The Ministry of Economic Affairs' investment commission said
      Reuters  -  354 words
    • 579 16 Regulatory change gives foreign firms greater access to capital markets [HONG KONG] Morgan Stanley could become the first investment bank with stakes in two Chinese brokerages, after regulators were believed to have allowed the US group to buy into another securities
      579 words
    • 560 16 HK economy gets a leg up from China's nouveau riche AP [HONG KONG] When Hong Kong returned to Chinese rule eight years ago, many feared the glitzy former British colony would be flooded with bedraggled masses of mainlanders who would drag down the economy and
      AP; AFP  -  560 words
  • Page 16 Advertisements
    • 1442 16 [•iATci NOTICES Toll free: 1800-289-8822 Email: notices*'"sph.com.sg BUY IT SELL If FIND IT <AGL AusGroup Limited AUSGROUP LIMITED (Incorporated In The Republic Of Singapore) Company Registration No. *****3014R Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the annual general meeting of the Company will be held at Boardroom
      1,442 words
    • 688 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHEMQUEST INTERNATIONAL PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 11th Floor, Wisma Jemeh, No. 38 Jalan Sultan Ismail. ***** Kuala Lumpur. Malaysia
      688 words

  • ASIA-PACIFIC/WORLD
    • 728 17 200m migrants contribute US$2t where they work and US$240b home AP [UNITED NATIONS] Nearly 200 million international migrants are a significant engine of growth for the global economy, says a study commissioned by the UN. Migrants contribute over US$2 trillion to the countries where
      AP; REUTERS  -  728 words
    • 379 17 Bloomberg [LONDON] Macquarie Bank, the Australian investment bank, has teamed with financial services firm Computershare to make a bid for the London Stock Exchange (LSE) within days, the Telegraph reported on Wednesday. The Financial Times said the two companies are understood to
      Bloomberg  -  379 words
    • 357 17  -  By ANTHONY ROWLEY in Tokyo WHEN Tokyo stock prices plummeted yesterday, recording their biggest oneday drop since April, doubts were raised about the sustainability of the bull run triggered by Japanese Prime Minister Junichiro Koizumi's landslide election victory last month. The
      357 words
    • 208 17 Reuters [NEW YORK] Citigroup, the world's largest bank, has appointed William Rhodes to run Citibank, its consumer and corporate banking arm, as chief executive Charles Prince continues to build his own management team and overhaul consumer banking. Citigroup said yesterday that Mr Rhodes.
      Reuters  -  208 words
    • 416 17 [CARACAS] Venezuela has transferred a large portion of its US$3O.4 billion of foreign reserves out of US Treasuries and into banks and other financial Instruments in Europe, seemingly for political reasons, the Financial Times said yesterday. FT reported that the decision, disclosed in an off-the-cuff
      416 words
  • Page 17 Advertisements
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      49 words

  • Page 18/19 Advertisements
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  • AVIATION
    • 852 20 Growing wealth is making air travel affordable for more and more people AFP [BEIJING] Air travel was once so exclusive in China that even government officials needed a special ranking, but today the skies are open to anyone who can
      AFP  -  852 words
    • 538 20 Surging price of jet fuel forces carrier's 2nd hike this year Bloomberg [NEW DELHI] India's Jet Airways, the country's biggest domestic carrier, said it will raise airfares for the second time this year on local routes, as the price of
      Bloomberg  -  538 words
    • LOG BOOK
      • 77 20 Reuters [FRANKFURT] Top European aerospace firm EADS said yesterday its board has given the go-ahead for the industrial launch of the Airbus A3 50 jetliner. "The A 350 programme has a very promising business case," EADS co-chief executives Tom Enders and Noel Forgeard said.
        Reuters  -  77 words
      • 75 20 Reuters [FRANKFURT] Germany's Deutsche Lufthansa has reached a wage agreement with the Verdi union for 12,000 ground staff which will help it cut costs, it said yesterday. The airline has agreed with staff representatives on a new pay system that will enable Lufthansa to
        Reuters  -  75 words
      • 70 20 AFP [AMSTERDAM] Amsterdam's Schiphol airport said traffic was heavily disrupted yesterday by a combination of fog and the discovery of a World War II bomb near one of its runways. Only 22 out of 68 hourly landings were possible, it said. One of the airport's
        AFP  -  70 words
    • 483 20 Bloomberg [NEW DELHI] India will spend 850 million rupees (5532.3 million) to build a new airport in Mysore to cater to the growing number of companies that are setting up customer-contact and other units in the southern Indian city. The federal govern-ment-run
      Bloomberg  -  483 words
    • 264 20 [SINGAPORE] From Oct 30, Singapore Airlines (SLA) is to fly directly to Hyderabad in India, taking over tiie route offered by its regional wing. Silk Air. ,»>- SIA plans to fly to India's fifth largest metropolis and capital of the state of Andhra
      264 words
    • 1552 20 gn Htsm ITA rumn WP j*973 1 —311 J J AlwMwtofcirf g nfffl pi ii HI IS li li Is n fgs 5E J||| I||| Undung MZ900 1235 1320 T?7S96 lisl sSSoS 2305 Itngator* A |gg 0|55 IC958 0750 U«» jg tangkok FD5010 1025 TG402 0620
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  • SHIPPING
    • 768 21  -  Members of GA, NWA to cooperate on key trade lanes from Q2, 2006 By DONALD URQUHART [SINGAPORE] Members of the world's two biggest container shipping alliances have joined forces, creating a de facto "super alliance" in order to counter the sheer
      768 words
    • 292 21 Bloomberg [OSLO] The cost of shipping oil from the Persian Gulf to Asia on two million-barrel tankers rose for doublehulled tankers as the first November cargo was booked. Freight rates for single-hull units were little changed. PTT Pic, Thailand's biggest energy company, booked the
      Bloomberg  -  292 words
    • 190 21 SGX '000 Oct 6 a W- Vol CH Offshore 0.42 -0.02 5222 ChuanHup- .0.91 -0.01 6032 Cosco Corporation 2M -0.06 4655 CWT Distribution j0.77 unch 269 Ezra Hldgs 150 -0.04 3920 Freight Unks. 0.07 -0.01 1374 Grand Banks Yacht .0.95 unch 10 Java Holdings 1.32 unch 766 K1
      190 words
  • Page 21 Advertisements
    • 1420 21 :*AT3 NOTICES Toll free: 1800-289-8822 Email: sq BUY IT SELL IT FIND IT In the Matter of The Companies Act, Cap. 50 And In The Matter of PLUM BLOSSOMS (SINGAPORE) PTE. LTD. (In Creditors' Voluntary Liquidation) (CO. REG. NO. *****4124R) Atari Extraordinary General Meeting of the Company duly convened and
      1,420 words
    • 9 21 The Admiralty Casebook column will be published on Monday.
      9 words

  • EDITORIAL & OPINION
    • 530 22 EDITORIAL IS the party for the Straits Times Index coming to an end? Or does it still have enough gas in the tank to power the index above the all-time high of 2,582.94 points set on Jan 3, 2000? So far this year,
      530 words
    • 771 22  -  The risk of financial crisis is always present, and optimism must be tempered with realism. But there are several objective factors that have given rise to the greater resilience of financial markets. They remain stable despite financial imbalances, rising oil prices and high
      REUTERS  -  771 words
    • 715 22  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent EXPECT no miracles. The start of landmark negotiations on Turkey's membership of the European Union this week will not mean an immediate strengthening of relations between Europe and the Islamic world or a sudden
      715 words
    • 822 23  -  Thailand is moving in fast on Singapore's lead, while Jakarta and Bintan aren't far behind ALEXANDRA HO Reporter AN executive with one of the gaming companies hoping to build Singapore's integrated resorts (IRs) used to fly here about once a
      BLOOMBERG  -  822 words
    • 773 23  -  Fund just doesn't have the authority to make China revalue yuan ANDY MUKHERJEE Bloomberg TIM Adams, the US Treasury's new undersecretary of international affairs, has mounted a scathing attack on the International Monetary Fund (IMF). His point: Had the IMF used its power of
      Bloomberg  -  773 words

  • Page 23 Advertisements
    • 566 23 I (£assetais INTERNATIONAL LASSETERS INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number. *****2223 M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Lasseters International Holdings Limited ("the Company") will be held at Ballroom 11, Level 2, Grand Hyatt
      566 words

  • 6611 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr m U la USJ %dy %yr dy yr d> Xyr Oct S lnd«« Change Chang* Chawga Q»n« Chang* Oianqa World lnde» Preliminary 9198 -10 79 10 68 -0.9 31 J EAFE Preliminary 908.3 T O 176 10 97 09 S3
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  • 10339 25 SGX MAINBOARD 52 Wk Tet Last Vol Day Last Quote GrOiv Div GrVtd Net MCao High Low Code Company Sal* ('000) High Low »uy«f S«<«r S C»t M tmll 9.5 2 5716 1st Software St 3 unch 690 3 3 3 3.S 12.1 28.5 8.5 3148 8TelecomUS2c 9
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  • Page 25 Advertisements
    • 25 25 Ttade from 20% deposit (5 x leverage) on most stock* Go long or short Commissions from 30bps Access to Asian. US, Euro stock. Sslsct BtchsnqsTYsdstlFisMlsandlntlo—
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  • Page 26 Advertisements
    • 1220 26 /355. NYK GROUP SOUTH ASIA PTE LTD V7VIT A«m rmo V TEL: 6295 0123 iVJI Aline \&pgd M 3Xm LINE Fax: 6292 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO SENPAKU KASHA. UO (C/R NO: **********0E) A HNEElifll I CR#: 137» *****000 fINATOR (S.IJLI Pi*
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    • 820 26 IINTEKASIA BOKO SIHVKI vßsa/vor uiipqai hbghhw ho km m aw «i SIUITS VOmiK 20/05 IS 31 30/W 01/10 04/10 W/10 11/10 siunsvaniK 21/ds is jj ia/10 i*/io 20/10 23/10 is/10 STKAITS VBITUtt 22/05 IS 3.2 27/10 30/10 03/11 Ot/ll 01/11 laustrauan noto mvKa 1 VBSa/VOT tAWPQH) HBCHTOQI 5 IS* MB
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  • Page 27 Advertisements
    • 1367 27 www.hamburgsud.tom ASIA SERVICE SLING 1 (EXPORT) ASIA SEtVKE SUNG 2 (EXPORT) HA |TA Vt««l/V.re SINGAPORE PURtAN StftTlM SANTOS lUJAI PARANAWIA SIMGAfOtE HMOS AIMS RW6RANM SAWOS SOTWA NYK Fwitosn 01OW 12/10 23/10 02/11 03/11 05/11 04/11 «toi Ho 242 10IW o|/10 31/10 03/11 05/11 04/11 Cop Corral 504W 19/10 30/10 09/11
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    • 1240 27 VESSEL VOY SIN JO HKG KHH IWC ICYH PUS VESSEL YOY SIN JKT SUB HKG DSN PUS HY MIDGE 10IS 13/18 15/10 20/10 22/10 24/10 2t/10 24/10 KMTC SINGAPOK SI4S VIO 12/10 13/10 11/10 22/10 23/10 HY VLADIVOSTOK IMS 20/10 22/10 27/10 29/10 31/10 2/11 2/11 KMT( JUAITA SMS 14/10
      1,240 words
    • 694 27 m WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICD POINTS rasa vot aw rjams coummo s«va coimwo KOTAPQtWUtA rPWO7I 0500 OMIT MOO 1200 1500 wftm m asm- w -imr inn —ftm —msn— mivamDHi OM7W HOP HOP goo KOO 2LQQ KQTAPHtTAM* TPMO2S 24Q0 2SOP MOO 3100 03WOV
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  • Page 28 Advertisements
    • 964 28 Ujlflf WALLENIUS WILHELMSEN website: http://www.2wglobal.com VESSEL ~VOY RAMP HEIGHT SIM LBC MAO HOU« MIA SAV BAL ORF NYC ~NEW~ MOB TAIKO AF527 420 Tons MM IN PORT 30/10 08/11 12/11 17/111 IS/11 TALABOT AFSS2 400 To« 6.3 M 14/10 09/11 IS/11 22/11 2S/11 2S/11 TALISMAN AFS2B 320 Tons 6.4 M
      964 words
    • 1540 28 vtssti voy sin rcu vcsa vor sin jrr PACIANPA 1571N 04/10 04/10 HCUU 4)16 03/10 06/10 PACBANPA *****1 05/10 06/10 "<"l™ 9319 M/UI CSf 2301 0182P 06/10 07/10 V H|MIZ mum urn oim szzi4_ P»C MHDA um 55/lfi W/iQ 9321 ivS —M/W jslmo] fiiw—oszio—B9zio_ -gffi —m j \l.\ 117.1 vissa
      1,540 words
    • 592 28 BSA 4 MYANMA nHn FIVE STAR LINE (Myaraor National Line) Loadiag for Y«§m VESSEL VOY SIN PW. PEN PGU PAGAN 341W SU» PAGAN 349W SU> IN MALAYSIA: lOUSTIAD SHIPPING AGENCIES KUL/PKL 03-*****344 PEN: 04-*****15 ACCEPTING CONVENTIONAL CBO VESSEL VOY HKG SIN PGII PU KUC HAVE OCEAN H Sit SU> SLO
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 8537 29 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 21/10 28/11 CMACGM GRAND VIEW 011E *****800 To ABIDJAN (ABJ) 2003 Cote D'lvoire 28/1006/12 cmacgm apl Panama 016E 627S7800 18/10
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  • Page 29 Advertisements
    • 239 29 Taiwan KEE KHH TX \Weekly Consol Service/ Efl USA All IPI via LAX/NYC (MLB/AWS) LCL/FCL rates! HUB MARINE PTE ITD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPR CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****535, MELINA LEE: *****187 PTMLANO -S'POM-YANOOfcW STOW KUCHWO -SU VESSEL VOYAGE PK6 I SIN
      239 words
    • 491 29 FREIGHT LINKS EXPRESS PTE LTD M&mT' 51 Penjuru Rood, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 E-mail: flesin@singnet.com.sg Website:http://www.freightlinks.net A I ATTRACTIVE RATES TO: <«J ALEXANDRIA GENOA KEELUNG KAOHSIUNG t LE HAVRE MALTA MA HE MARSEILLE WTV fifcEi CEBU DAUAN HONG KONG JAKARTA l3Mf OINGOAO SHANGHAI SURABAYA Wttir *****694/5506/5535/5541/5553/5561/5551/5569/5545/5580/5560/5508/5578/5514/5543
      491 words
    • 114 29 LINES I As Agentv CROSSCAST SHIPPING PTE LTD operator cod* GK CR NO: 771 3202 OOOOM W: 6327 I7SS Fax: 6327 ISSS ►wfc I iwmg WBSIIt ww«i§e*Ueiunf KUCHINO WEEKLY WEDNESDAY SAIUNO BINIULU 2 SAILINGS GBNU JOHOK 6JIME 12/10 IVIO 14/10 14/10 GOHKIJOHOR GJI7OC 11/10 19/10 20/10 22/10 23/10 60NKIJOHOR 6J172E
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    • 295 29 HH|||HTIGERSEA 324N 10-11/10 15-17/10 22-23/10 1 ■PPifll TIGER SKY 325N 11-12/10 18-20/10 25-26/10 1 HUKiiSUI TOa WAVE 326N 15-16/10 21 23/10 29 30/10 ■fflmTß TIGER PEARL 327N 18 19/10 25-27/10 01-02/11 I ■■■■■TIGERSEA 328N 22-23/10 27-29/10 03-04/11 I TIGER SKY 329N 25-26/10 01-03/11 06-09/11 ■?I?wTlii:l«ltP«KlHOTy A 79 08-09/10 17-70/10 76-77/10
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  • PROFILES/CINEMA
    • 897 31  -  NEWS Sian Kevill tells GEOFFREY EU how BBC World maintains its reputation for 'putting news first' GEOFFREY EU CREDIBILITY is everything in the news-gathering business, and that's why three little letters (not to mention a catchy musical intro) mean the world BBC World, that is to millions
      CHRIS LOH  -  897 words
    • 564 31  -  MUSIC By GREG WALDRON IT is difficult not to overstate the stature of Jose Carreras in the world of opera. One of the legendary three tenors along with Placido Domingo and Luciano Pavarotti, his albums have earned him many gold and platinum discs and
      YEN MENG JIIN  -  564 words
    • 505 31  -  FILM REVIEWS By GEOFFREY EU GOAL!, a glossy, cliche-rid-den sports movie about an immigrant kid who makes it from the playgrounds of Los Angeles to the hallowed turf of the Premier League, doesn't need to break much of a cinematic sweat to win over its core
      505 words
    • 319 31  -  By CHEAH UI-HOON HARD-CORE drama fans will like director Hur JinHo's April Snow, starring the iconic Bae Yong Joon, even if the movie wins an award for most effective script with the least lines. Silence be it long or awkward, significant or stretching on
      319 words
    • 408 31  -  By GEOFFREY EU FOR viewers who have been weaned on coarse cinematic fare like Animal House. Dumb and Dumber and There's Something About Mary, there's only one thing to do when faced with a movie that manages to include a juvenile sight gag involving an
      408 words
  • Page 31 Miscellaneous
    • 223 31 CRYPTIC CROSSWORD you things stitched up quickly (6,7) I Ws may^ DOWN 1 celebrM4) l6CtUrer S ign red 11 initial words, but con- YESTERDAY'S SOLUTION 2 It's the custom to be surround- J""® J P oem different| y Across: 1 Patient, 5 Rode, 9 Spared by many water lilies (7)
      223 words

  • ARTS
    • 889 32  -  ART Lim Joo Hong tells PARVATHI NAYAR why he gave up a top job for a career in art PARVATHI NAYAR IT is rare to hear of a successful CEO who gives up the security of corporate life and all its attendant perks to
      ARTHUR LEE  -  889 words
    • 437 32  -  MUSICAL By NGIAM YING LAN EVERYONE'S favourite adventure tale hint: it involves swashbuckling pirates, a flying boy and mischievous fairies with a ready supply of magic dust is coming to town, and we're not talking about Pirates of the Caribbean's latest remake. Peter
      437 words
    • 984 32  -  ART By GEOFFREY EU WITH a shock of unruly white hair threatening to overrun his well-lined face, a signature long paint brush by his side and a lifelong penchant for shoeless perambulation, M F Husain cuts a distinctive figure one that
      984 words
  • Page 32 Advertisements
    • 74 32 i EXPERIENCE SINGAPORE'S TRADITIONAL "BUKA PUASA" FAVOURITES FROM THE HALAL CHINESE, MALAY AND INDIAN SHOW KITCHENS DURING THE MUSLIM FASTING MONTH, RAMADAN. m/M Mm A UNIQUELY SINGAPOREAN SHOWCASE COMPLEMENTED BY AUTHENTIC EGYPTIAN FARE »W PREPARED BY GUEST CHEFS FROM HYATT REGENCY SHARM EL-SHEIKH. X i FEEL THE HYATT TOUCH* mm*
      74 words

  • COVER STORY
    • Article, Illustration
      1193 33 EU Yan Sang's Richard Eu, president of the Singapore Waterski and Wakeboard Federation, remembers the days when there were powerboat races, waterski shows and sea carnivals at Marina Bay. The heyday for water activities of this nature was in the late 80s up to the early 90s,
      FILE PHOTOS  -  1,193 words
    • 229 33 A quick overview of the three reservoirs which are now open to the public MacRitchie Reservoir THIS is the oldest reservoir in Singapore, where the generosity of businessman Tan KimSeng made it possible to build an earth embankment in 1857. It was renamed MacRitchie Reservoir
      229 words
  • Page 33 Advertisements
    • 70 33 rwArvm**: rma M V G*AM> CM.'OA*tf MMTCMUONOftAKOIMf i.*- s=s=== m l-HATlur yramw <;A/.INXI Suuvt-EMMOW ft Jg u;.jnv.irr t .c.Ai. PoncROL rJ%m*Jg*i., r sS*ileaa- 'fOtSan a 4 5 I r!/ We are pleased to announce that the following 2004 En Primeur wines from Ets.J.P.Moueix are now available at Vinum Fine Wine
      70 words

  • executive lifestyle
    • 590 34  -  off the cuff jaime ee SO the day has come when having a dog may well cost as much as raising a child. When doggie parents start scrimping on their own dinners, so their canine charges can enjoy home-delivered gourmet cuisine, you know the
      590 words
  • Page 34 Advertisements
    • 139 34 THE NEWWAVE CHEAH UI-HOON looks at how recent government moves to open up the use of Singapore's reservoirs will see a welcome return of water sports activities to the island. See PG 33 250 YEARS OF UNINTERRUPTED HISTORY... Hand-wound mechanical movement with V HW, M Tourbillon Regulator, openworked and %f
      139 words
    • 22 34 PROFILE GOOD GAINS let your investors Know by advertising your financial results in our newspapers. Call 1800 289 8822 or email noticestsph.com.sg.
      22 words