The Business Times, 20 October 2005

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Total Pages: 36
1 36 The Business Times
  • 16 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA 089/03/2005 Thursday, October 20,2005
    16 words
  • 667 1  -  More global banks are basing their India-related work here By NANDE KHIN [SINGAPORE] Singapore aims to be the leading centre for knowledge and market intelligence on India, outside of India, Education Minister Tharman Shanmugaratnam said yesterday. And the republic is wellplaced
    ARTHUR LEE  -  667 words
  • 136 1 STI 2,218.13 (-66.03) ST INDEX FUTURES 2,219.00 (-66.00) SIMSCI 262.25 (-8.39) SIMSCI FUTURES 261.80 (-9.20) MARKETS Wednesday Change KISECOMP 914.17 -8.47 NIKKEI 225 13,129.49 -222.75 HANG SENG 14.372.76 -224.64 SET INDEX 684.07 -11.11 JAKARTA COMP 1,075.91 -19.96 MANILA COMP 1,954.29 +6.96 SEOULCOMP 1,153.13 -33.09 SHENZHEN B 201.16 -6.15
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  • 858 1  -  Some fear it's goodbye to year-end rally for S'pore, others think market is taking a breather By TEH HOOI LING [SINGAPORE] The 18th anniversary of Black Monday Oct 19, 1987, inflationary fears in the US and a 90 per cent price run-up in
    858 words
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  • TOP STORIES
    • 663 2  -  Five car-making hubs named, AP system to be phased out in longer term By PAULINE NG in Kuala Lumpur MALAYSIA has earmarked several places as car-mak-ing hubs in a bid to be the region's Detroit, and has overhauled the controversial approved
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    • 80 2 IN the table of "Trades to Watch" (BT, Oct 18), we incorrectly indicated that Ow Chio Kiat made two purchases of Stamford Land shares on Oct 14 of 150 million and 11 million. Mr Ow didn't buy those shares, he pledged them. In the table of Oct 19, he
      80 words
    • 797 2 Yudhoyono to lead drive for investments PRESIDENT Susilo Bambang Yudhoyono will personally lead Indonesia's drive to attract more foreign direct investments over the next four years as he seeks to boost economic growth and rebuild the economy. Having come through a very tough first year, Mr Yudhoyono will
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    • 720 3  -  He plans to meet businessmen regularly at presidential palace By SHOEB KAGDA in Jakarta PRFSIDFNT Susilo Bambang Yudhoyono is promising to give a personal lead to Indonesia's search for foreign direct investment over the next four years as he seeks to boost economic
      AFP  -  720 words
    • 440 3  -  By then, it will have 8 branches and 13 ATM locations By LESLIE YEE [SINGAPORE] With the opening of two more branches by November, Citibank will have doubled its Singapore network from four branches at the start of the year to eight. The
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    • 54 2 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times.asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. 1 —w m J*"- :a ig i|h rwCl Because an MBA should take you place^jH 4 vibrant cities. 2 great
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    • 541 2 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) PRODUCER PRECISION SINGAPORE PTE LTD (Co Reg No: *****3868W) (2) CAMPIONISSIMO INTERNATIONALE PTE LTD (Co Reg No: *****5341Z) (3) TRANSTECH TECHNOLOGY (S) PTE LTD (Co Reg No: *****3484N) (IN CREDITORS'VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING
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    • 5 2 up p e r>s club
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 532 4  -  Move seen as a reward and a way to align interests By MICHELLE QUAH TROUBLED Accord Customer Care Solutions (ACCS) has granted its recently appointed chairman Philip Eng several million share options in what observers say is not only an attempt to reward
      FILE PHOTO  -  532 words
    • 612 4  -  HOCK LOCK SIEW By R SIVANITHY WHY is it that when stocks move sharply or in unusual fashion, it's only the companies.concerned that get quizzed? Why not question the parties that did the actual buying or selling? The reason for asking these questions is
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    • 324 4  -  By UMA SHANKARI IF you've not done any training, it's probably too late to start your race practice now. The Singapore Exchange's Bull Run 2005 will flag off at spm tomorrow, after months of preparation. At a briefing yesterday, members of the
      324 words
    • 291 4  -  SENIOR APPOINTMENTS By DONALD URQUHART NEPTUNE Orient Lines, operator of APL, the world's sixth largest container shipping line, has announced two senior management appointments, both of whom report to NOL chief David Lim. Brian Lutt, who has been holding the position of
      291 words
    • 152 4 AVJENNINGS Homes (AVJ), an Australian property developer 41 per cent owned by Singapore's SC Global Developments, has appointed two new directors. The first is Bobby Chin Yoke Choong, a former managing partner at KPMG Singapore. Mr Chin is also chairman of the Urban Redevelopment Authority,
      152 words
    • 615 6  -  CORPORATE RESULTS Net profit at $124m for 9 months to end Sept up 0.5% on higher expenses By ANGELA TAN MOBILEONE (Ml) yesterday said its third quarter net profit rose 18 per cent from a year ago to $43.8 million.
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    • 269 6  -  By LEE KIM SIANG LEADING international service residence company The Ascott Group posted a 46 per cent drop in third quarter net profit yesterday. Net profit fell to $15.9 million from $29.3 million in the corresponding July to September quarter last year.
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    • 362 6  -  By WONG WEI KONG OVERALL operating efficiency and profitability of the corporate sector in Singapore improved in 2003, according to a survey released by the Department of Statistics (DOS) yesterday. The annual survey was carried out in 2004-05 with 2003 as the reference year. It
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    • 5184 6 UNIT TRUSTS FUNDS Citi Japan CitiBond Spore A/S 1.29/ AMI limn Accat Bint (C'mua) CltlBOfld S p0f6 B/J 1341/ IvBlSr 8»ISS A dinc====:!SS zttj===vs gaaasaa- a sSST a ffiaisafc=z==== lis S JinS CiDSelect Global Growth 1.16/ S iUSi Tminnu Citi Global Healthcare Fund 0 98/ ZEST"***" 1 0890 PS Citi
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    • COMPANY BRIEFS
      • 86 8 THF Public Utilities Board, a statutory board under the Ministry of the Environment and Water Resources, yesterday announced the launch of $400 million in fixed-rate bonds to raise funds for capital projects. The privately placed bond issue on Oct 26 will comprise $100 million in
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      • 61 8 C2O Corporation has been appointed by UK mobile phone operator 02 to distribute its products in Singapore, said its secondary-listed parent C2O Holdings yesterday. Its first contract will see C2O distributing some of 02's top-end phones from the Xda range. The move
        61 words
      • 64 8 SPEEDY-Tech Electronics says its shareholders have approved its merger with unlisted Integrated Microelectronics (IMI), a subsidiary of Philippine conglomerate Ayala Corp. The merger of the two electronics manufacturing services providers is expected to be completed in December, subject to the High Court's approval,
        64 words
      • 55 8 IT PRODUCT distributor Digiland International yesterday announced the appointment of Hubert Lai Wai Fun as chief operating officer. Mr Lai, who has more than 20 years of experience in the electronics industry, was previously an executive director of Johor-based Seksun Electronics, a subsidiary of
        55 words
    • 464 8 Boost expected in five years following Brookstone takeover Reuters OSIM, which makes massage chairs, expects to generate over half of its sales in the United States and Europe within five years following its recent takeover of US specialty retailer Brookstone. The
      Reuters; FILE PHOTO  -  464 words
    • 408 8 Bankers offering ANJ's stake to oil companies: sources Reuters THE majority shareholder of Singapore oil firm Pearl Energy Ltd has no immediate plans to sell its stake, Pearl's chief said on Wednesday, as Pearl's stock fell 3 per cent ahead of
      Reuters  -  408 words
    • 224 8 THE application to wind-up Green Salt Global (GSGL), which is jointly owned by Firstlink Investment and Asiacorp, has been adjourned to Nov 22. This follows a Jun 8 petition to wind-up GSGL made by Asiacorp to the High Court in the British Virgin Islands,
      224 words
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    • 155 4 Call your preferred travel agent or Scandinavian Airlines at +65 6235 2488 or visit us at www.flysas.com Terms Conditions: Ssl99* from Economy (M/B) to Economy Extra (S) or Sss99* from Economy Extra (Y) to Business (J). *Price for one-way only Travel period: Ex-Singapore between 16 September and journey completed by
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    • 1144 7 The Private Placement Offering is fully taken up. Thank you for your strong support! Capita Mall Trust Management Limited, as manager (the "Manager") of Capita Mall Trust ("CMT"), is proposing to issue 173,400,000 New Units in order to, inter alia, part finance the acquisition of Parco Bugis HAjfilttM Junction, as
      1,144 words

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    • 2599 8 NOTICES Toil free: 1800-289-8822 Email: notices@sph.com.sg BU y IT -SELL IT -FIND IT SGA SOCIETE GENERALE ACCEPTANCE N.V. (Incorporated in the Netherlands Antilles with limited liability) NOTICE TO WARRANTHOLDERS TO: ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF TOTAL ACCESS COMMUNICATION PUBLIC COMPANY
      2,599 words
    • 181 8 THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SAMTA STAR TRADING PTE. LTD. (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act Chapter 50, the Final Meeting of the members of the abovenamed
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    • 181 8 THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BAN ANN SHIPPING PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act Chapter 50, the Final Meeting of the members of the abovenamed
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  • Page 9 Advertisements
    • 435 9 H^eaX-- I»HH7 :^R tr Lw-RKfc? hIL k hr pSfc -i i !lAL 71 11 tkii^i^Lill^Jf^^^B£y^M^fekL J Ji^ElLflff§Bß^AiMß^^3S^^^""'^^fcraiH» |B||^HroifcMHpi^pCjIBHPjJH|I^BBBK^J3H^nHBjEWBHB<%JB^^^^^W|BM^pW^BBM^BM|^^WBBMJBH|JL-^BHBL^ For nature's sake, take a piece home. TrceTop Walk stamp Series Around the world, HSBC supports a host of environmental piece of nature can now be yours. projects with the aim of
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  • SINGAPORE MARKETS
    • 531 10  -  STOCKS Anniversary of Black Monday sees STI collapsing 66.03 points or 2.9% one of the region's worst performers R SIVANITHY Senior Correspondent EVERY year, on the anniversary of "Black Monday" or. Oct 19, 1987, markets everywhere turn cautious over the possibility of a repeat of the day when
      Source: Bloomberg  -  531 words
    • TRADES TO WATCH
      • 437 10 VETERAN banker Wee Cho Yaw and his family have upped their stake in healthcare and leisure products provider Haw Par Corporation, which has a stake in United Industrial Corporation seen as the target of a takeover battle between Mr Wee
        437 words
      • 65 10 BROADWAY Industrial Group's substantial shareholder Lam Seng Hang Ltd has upped its stake in the foam-moulded product specialist. It bought 199,655 shares on the open market on Tuesday boosting its stake to 5.6 per cent, from 5.5 per cent previously. The price at which it
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    • Article, Illustration
      421 10 OTHER SINGAPORE INDICES Oct 19 VALUE CLOSE BT OB/OS -1007.00 -357.00 BTCAPI -*****.00 -337.00 BT 10-day MA -*****.00 -101.00 All-SG Equities 569.13 -16.58 SG Equities Elect 120.20 -4.27 SG Equities Fin 1636.32 -47.54 SG Equities Prop 682.91 -26.89 SIMSCI 262.25 -8.39 SiMSCI Futures 261.80 -9.20 MOST ACTIVE STOCKS VOLUME GlobalVoice
      421 words
    • Article, Illustration
      968 10  -  Compiled by UMA SHANKARI Ascendas Rett Oct 19 close: $2.02 CIMB-GK RESEARCH, Oct 19 AREIT reported a good set of results with 2Q06 gross revenue surging 77 per cent year-on-year to Sss2 million and distributable net profit up 84 per cent to Ss34 million. Distribution per unit (DPU)
      Souce: Bloomberg; Source: Bloomberg  -  968 words
    • 551 10  -  CURRENCIES LARRY WEE Senior Correspondent FOR a second consecutive day, the US dollar was lifted to fresh highs for the year yesterday against the Japanese yen, Indian rupee and New Taiwan dollar, although the greenback did lose some steam thereafter. Its fresh highs
      Source: Reuters  -  551 words

  • Page 11 Advertisements
    • 102 11 ROAD IMWtm mK3 I 9GftßtWpridCWy 1 L Developer: Jointly Developed by: (Company Reg. No: 2004II298W) Ills IK Developer's License No ***** Developer Regency One Development Pte Ltd Tenure of Land freehold Lot/Muklm KniQilt I| 11 UNITED OVERSEAS LAND LIMITED HI LOW KENO HUAT |SINGAPORE| LIMITED Lot 1952 X Muklm lof
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  • FOCUS: INDIA CONFERENCE
    • 566 12  -  BT-NTU study finds most competitive states rank lower on social front By ANNA TEO MAHARASHTRA India's leading industrial state is by far the country's most competitive region, on economic and business factors. But on the social front, it ranks only fifth, according to
      Graphics: Ben Cruz; ARTHUR LEE  -  566 words
    • 399 12  -  By ANNA TEO THE BT-NTU competitiveness rankings validate general impressions about the various Indian state's, says a former adviser to the prime minister of India. Commenting on the study at the conference, S Narayan, a visiting senior fellow at the Institute of South
      ARTHUR LEE  -  399 words
    • 157 12 THE coastal regions are moving like a Japanese bullet train, but the inner region is also moving, but relatively like a bullock cart. The key China policy consideration is how to hook the bullock cart to the bullet train so that the two can move together. Dr
      157 words
    • 673 12  -  By NANDE KHIN INDIA can learn a lesson from China, where "the political economy of reform" generated much of the momentum for the growth, a Nanyang Technological University (NTU) economics professor said yesterday. Dr Tan Kong Yam said much of
      ARTHUR LEE  -  673 words
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  • SINGAPORE NEWS
    • 572 13  -  RESEARCH AND DEVELOPMENT Pharmaceuticals roundtable discusses strategies to stay ahead Reports by CHEN HUIFEN A CONSULTANT'S wary outlook on the future for life sciences R&D in Singapore was strongly contested yesterday at the Seventh AsiaPacific Pharmaceuticals Roundtable. Boston Consulting Group Asia-Pacific
      FILE PHOTO  -  572 words
    • 290 13 SOUTH Korea's Hyundai LCD Inc has committed to invest US$l5 million to set up an R&D centre in Singapore to focus on display production technologies. The investment, to be made over three years starting 2006, is part of a pact inked between the liquid
      290 words
    • 310 13  -  By MATTHEW PHAN PARTIES who want to get a medical technology idea to market will now have access to industry expertise, research facilities, and business support, due to the new Medtech Concept launched by the Singapore Economic Development Board and the Nanyang Polytechnic yesterday.
      310 words
    • 311 13 A*Star: 24.4% rise for private sector, 9.6% for public PRIVATE-sector spending on R&D activities grew at a much faster pace than public research spending last year, driven by the electronics manufacturing and precision engineering sectors. According to the latest national survey results released by the
      311 words
    • NEWS ROUNDUP
      • 41 13 THE United Nations Environment Programme (UNEP) will host the ceremony for its "Champions of the Earth" Awards in Singapore next year. The awards, established last year, are presented annually by UNEP to outstanding environmental achievers and leaders.
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      • 50 13 SINGAPORE publishers and printers will be showcasing their new titles and capabilities at the Frankfurt Book Fair from Oct 19 to 23. The local contingent of 16 firms will set up a Singapore Pavilion, led by International Enterprise and the Media Authority of Singapore.
        50 words
      • 54 13 DOCUMENTARY production company Bang Singapore Pte Ltd and the Media Development Authority will be co-producing a US$l5 million slate of high-end, blue-chip HD documentary programming, together with major terrestrial and cable broadcasters from around the world. The slate will be officially launched in December at the
        54 words
    • 281 15  -  Together with subsidiary, it supplies 65% of Singapore's needs By VEN SREENIVASAN SUGAR supplier SIS 88 yesterday opened a new 24,000 tonne receiving silo, and with subsidiary Asian Blending will supply 65 per cent of Singapore's sugar. The two facilities, which cost a
      281 words
    • 231 15  -  By UMA SHANKARI AFTER tumbling to record lows in the bidding pxercise earlier this month, certificate of entitlement (COE) prices rose across all categories in the most recently concluded bidding exercise. Cars saw the biggest increase in COE prices. COE for
      231 words
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    • 299 14 THE LIGHT OF MONDIAL AN ICON OF SUCCESS W LIGHT MON DIM V Fall in love with the Light of Mondial Confidence is Everything J/ Wear yours with pride in the knowledge ill.it y >u own I ighl <>1 Mondial diamonds arc bought dire( Ik irom (^tiniYllttCC one of t
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  • FOCUS: SERVICES
    • 885 16  -  DESIGN Next month's inaugural Singapore Design Festival will put the industry in the spotlight. UMA SHANKARI reports UMA SHANKARI DESIGN is an often overlooked part of the Singaporean economy, but that will change soon if industry players and policy makers have their way. A big
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  • ECONOMY WATCH
    • 389 17 Slow and measured pace better to avoid upsetting economy, says central bank chief AFP [BEIJING] China is worried about the negative effects that a more thorough opening of its capital markets would have on its fast growing economy, chief central banker Zhou Xiaochuan
      AFP  -  389 words
    • 365 17 Move to help curb inflation caused by rising fuel prices Bloomberg [BANGKOK] Thailand's central bank raised its benchmark interest rate by half a percentage point, more than forecast by analysts, to help curb inflation caused by rising fuel prices. The Bank of Thailand
      Bloomberg  -  365 words
    • 315 17 Bloomberg [KUALA LUMPUR] Malaysia's central bank may raise its benchmark interest rate 75 basis points by the end of next year as higher fuel prices spur inflation, according to a Bloomberg survey of economists. Bank Negara Malaysia will increase its key policy rate to
      Bloomberg  -  315 words
    • 316 17 LATEST US DATA Reuters [WASHINGTON] US housing starts jumped 3.4 per cent in September and permits for future ground-breaking surged to a 32year high, defying forecasts for a slowdown in construction following hurricanes Katrina and Rita, government data showed yesterday. A separate report showed US
      Reuters  -  316 words
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  • MALAYSIA/INDONESIA
    • 516 18  -  The RM174.6m claim concerns losses at German cargo operations By S JAYASANKARAN in Kuala Lumpur MALAYSIAN Airline System (MAS) has filed a RM174.6 million (5578.4 million) suit against two former executives and a consultant for "breach of duties" over losses relating to
      516 words
    • 366 18 [KUALA LUMPUR] BIMB Holdings Bhd, which reported a RM456 million (*****.8 million) net loss for its last financial year, has received Bank Negara approval to start negotiations with Bahrain-based Unicorn Investment Bank BSC (UIB) on the Bahrain bank's interest to buy a
      366 words
    • 2429 18 VOL General Corp .0.41 -0.01 58 Oct 19 Ml C000) Genting .21.10 -0.40 357 George Kent .0.S9 unch 25 A M Realty 1.62 -0 03 8 GHt Systems .0.11 unch 817 Abr,c 031 un£h 36 Globetronics Tech .0.28 -0.01 4574 ACP Industries 0.66 -0.01 346 Glomac Bhd 1.27
      2,429 words
    • BRIEFLY ASIA
      • 68 18 Reuters [SHANGHAI] ABN AMRO has agreed to raise its stake in its Chinese fund management venture as the Dutch bank seeks more exposure to China's nascent US$4O billion market, sources said yesterday. The bank plans to increase its holding in ABN AMRO
        Reuters  -  68 words
      • 51 18 AFP [NEW DELHI! Indians pay US$4.6 billion in bribes each year to obtain basic services like water and electricity, Transparency International said yesterday. The survey, titled India Corruption Study 2005. sought the opinions of 14,405 respondents across India, the graft watchdog's Indian arm said.
        AFP  -  51 words
      • 55 18 Reuters 9 [TAOYUAN, Taiwan] Taiwan's second-largest memory chip maker, Nanya Technology Corp, reported a 7 per cent drop in quarterly earnings yesterday as chip prices fell on heavy oversupply. The company said its July-September net profit was T52.01 billion (Sslol million), down from T52.16 billion
        Reuters  -  55 words
      • 74 18 AFP (BEIJING] China yesterday announced its first reported outbreak of bird flu in over two months, saying 2,600 birds had died from the disease on a farm in northern Inner Mongolia. Meanwhile, the Asia-Pacific Economic Cooperation (Apec) summit, scheduled for Nov 18-19 is
        AFP  -  74 words
    • 537 18 [BANDUNG/JAKARTA] With the fairly solid performance state firms have been showing this year, the Indonesian government is confident of being able to further increase its revenue from the firms next year, scrapping the need to privatise them for the sake of the
      BLOOMBERG  -  537 words
    • 310 18 Bloomberg [JAKARTA] Three companies Sumitomo Corp, Itochu Corp and Marubeni Corp are among the bidders for a contract to build a coal-fired power plant in West Java province for Indonesia's state utility PT Perusahaan Listrik Negara. Some 36 companies including the three
      Bloomberg  -  310 words

  • INDIA
    • 480 19 Concern driven by strong economic growth, price hikes in cement, steel, cars Reuters [MUMBAI] Indian manufacturers have passed on higher costs to consumers on the back of a buoyant economy, companies and analysts say, a move which threatens to fuel
      Reuters  -  480 words
    • 444 19 AFP IBANGALORE] India's third largest software exporter, Wipro, said yesterday that its second-quarter net profit rose 16 per cent as it garnered more clients on the back of the continuing boom in outsourcing. Net profit for the three months to
      AFP  -  444 words
    • 125 19 Reuters [NEW DELHI] Cisco Systems, the world's largest Internet equipment maker, plans to invest US$l.l billion in India over the next three years, its president said on Wednesday, marking its largest investment outside the United States. Cisco also plans to triple its Indian staff
      Reuters  -  125 words
    • 454 19 New plant in India will more than double the size of its aluminium business [MUMBAI] Vedanta Besources, the London-listed metals company, is close to approving a US$2 billion investment in an aluminium complex in Orissa, India, which will more than double the size of
      Source: FT  -  454 words
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  • GREATER CHINA
    • 548 20 Strong response may enable bank to raise the maximum US$8.2b it seeks [HONG KONG] China Construction Bank Corp's (CCB) initial public offering, the world's biggest in four years, drew at least US$76 billion of demand, nine times the amount it is seeking globally,
      REUTERS  -  548 words
    • 622 20 Canadian judge has delayed decision on Lukoil's rights [LONDON] In August, when China National Petroleum Corporation (CNPC) bid US$4.lB billion for PetroKazakhstan, a Toronto-listed oil company with assets in central Kazakhstan just 1,000 km from China, it looked as if it was finally
      622 words
    • 274 20  -  Site visit next month, proposals by mid-2006 By OH BOON PING [SINGAPORE] Eight local companies are exploring business opportunities for infrastructure development in Changxing Island, earmarked to be developed as a port city in China. The Changxing feasibility study team, which was
      274 words
    • 333 20 [HONG KONG] The local brokerage industry is urging the government to do more to revive its fortunes after mainland counterparts were cleared to set up subsidiaries in Hong Kong under the Closer Economic Partnership Arrangement (Cepa), the South China Morning
      333 words
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    • 309 20 :*at^ c£f NOTICFS 1 1 1 Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GSA HOSPITALITY PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company No: *****8749N) Extract of the Minutes of an Extraordinary General Meeting held at 8 Robinson Road,
      309 words
    • 301 20 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF FAR EAST TEXTILE TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company No: *****0257K) Extract of the Minutes of an Extraordinary General Meeting held at 8 Robinson Road, #08-00 ASO Building, Singapore *****4 on the 17th day
      301 words
    • 189 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BEE LEE DEVELOPMENT PTE LTD (In Members' Voluntary Liquidation) Company registration no. *****3245H NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of
      189 words
    • 212 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TJ. HEGGELI MARITIME PTE LTD (REG NO: *****5303 D) POUSSAIN PTE LTD (REG NO: *****2976 M) (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL MEETINGS NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap 50,
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  • ASIA-PACIFIC/WORLD
    • 629 21 It posts 1.2b baht loss in bonds, but 2005 outlook still good: analysts Bloomberg Reuters [BANGKOK] Bangkok Bank, Thailand's largest bank by assets, posted profit that fell short of some analysts' forecasts as rising interest rates resulted in a loss on its
      Bloomberg; Reuters  -  629 words
    • 302 21 [BANGKOK] A Thai-Japanese joint venture has announced a 10-year, 135-billion-baht (555.6 billion) development plan to build a floating Phuket Bay International City, the Bangkok Post said yesterday. Umezawa Thai Partners Architect Co wants to develop an international convention and exhibition centre and
      302 words
    • 290 21  -  By ANTHONY ROWLEY in Tokyo SINGAPORE may combine its regionally renowned skills in creating spa facilities with Japanese experience in onsen or hot spring resorts to create a new form of "well-being" experience in Japan, Minister of State for Foreign Affairs Zainul Abidin Rasheed said last
      290 words
    • 165 21 Toyota delivers one-man 'mobility machine 1 AFP [MAKUHARI, Japan] Toyota caused a stir with a new one-seater "mobility machine" yesterday that allows users to zip along sidewalks upright on two wheels and swing into three-wheeled mode for the road. The "i-swing", which resembles a robot on wheels, fits one person
      AFP; AP  -  165 words
    • 272 21 AP [TOKYO] Tensions worsened between Japan and its Asian neighbours yesterday when South Korea's foreign minister scuttled plans for talks in Tokyo because of Prime Minister Junichiro Koizumi's visit to a controversial war shrine. The move comes a day after China cancelled a
      AP  -  272 words
    • 844 21  -  ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent REPORTS oozing optimism about Asia's economic prospects have become so much the norm for multilateral financial institutions that it has become tempting to ignore them. Such views were expressed right up to the time of the 1997
      844 words
    • 535 21 Reuters, Bloomberg [NEW YORK] A disappointing revenue outlook from Intel Corp has raised fears of slowing corporate profit growth. Intel said on Tuesday that its third-quarter profit rose nearly 5 per cent, to US$2 billion, on strong demand for chips for notebook
      Reuters,; Bloomberg  -  535 words

  • AVIATION
    • 690 22 Earnings may fall to NZ$100m from NZ$235m; stock extends slump Bloomberg [WELLINGTON] Air New Zealand Ltd, the worst performing stock in the benchmark index this year, said annual profit may tumble 57 per cent because of record fuel prices and
      Bloomberg; BLOOMBERG  -  690 words
    • 320 22 AFP [KUAIA LUMPUR] Flag carrier Malaysia Airlines (MAS) said yesterday it has deferred plans indefinitely to fly to new destinations in India and China as part of efforts to contain costs and return to profit. "Services to new destinations
      AFP; BLOOMBERG  -  320 words
    • 401 22 Investment of US$100m needed for growth: Sahara Reuters [MUMBAI] Private Indian carrier Kingfisher Airlines is examining the option of buying a stake in Air Sahara for up to US$lOO million, the two companies said yesterday, as the country's airlines raise capital
      Reuters  -  401 words
    • LOG BOOK
      • 85 22 Bloomberg [TOKYO] Planemaker Boeing Co said it may increase the rate it makes the new 787 Dreamliner to meet rising demand for the fuel-efficient aircraft. "We are evaluating the optimal level to increase production to," Wade Cornelius, Boeing's vice-president in charge of global
        Bloomberg  -  85 words
      • 128 22 Reuters [BERLIN] The chief executive of European planemaker Airbus told Reuters he expected no more orders for the company's A3BO superjumbo in 2005 but that he hoped for as many as three new customers next year. "I presume that we will not have
        Reuters  -  128 words
      • 85 22 Reuters [ROMRJ A four-hour strike by Italy's air traffic controllers forced airlines to cancel more than 100 flights on Tuesday, leaving passengers stranded at airports across the country. Some 144 flights were cancelled at Rome's main Fiumicino airport alone between 12 am and 4 pm.
        Reuters  -  85 words
    • 239 22 [NEW DELHI] The Asia Pacific Aviation Media Association (APAMA) announced the formation of its first Indian chapter here this week. Neelam Mathews, contributing editor of Aviation Week and Space Technology, was elected president of the first Indian chapter and a pro-tem committee
      239 words
    • 2028 22 CITY WSOT IT* WOT WD N117TF 1430 Danpasar Bali Sgi«l "4b SQ142 093i MtaMi LH9771 1845 AF8088 2215 J9113 )5|l I?!# J§59 cnian iqjc da7M} «ic GA840 1725 GA841 1825 1845 BA/382 2215 SQ147 2235 5Q148 1900 CQ442 2020 Dh kl SQ435 0550 SQ436 2030 AmmrdM
      2,028 words
  • Page 22 Miscellaneous
    • 197 22 CRYPTIC CROSSWORD DOWN 2 Unfashionable lease for shop (4 5) YESTERDAY'S SOLUTION Tonco timo tr\ romo? i(\\ 16 Anger is no substitute for logic Across: 1 Crossbar, 5 Pulpit, 8 A vL„„t (9) Plucky. 9 Green tea, 10 Shrapnel, Partially enlightens ignorant yj what people stop without fin- 11 Swipes,
      197 words

  • SHIPPING
    • 684 23  -  Cost remains an issue, but electronic system on-track: UKHO head By DONALD URQUHART [SINGAPORE] All the world's major sea lanes and ports will be covered by electronic charts within one year, said the head of the UK Hydrographic Office
      684 words
    • 298 23 Bloomberg [HONG KONG] Cosco Pacific Ltd, the world's fifth-largest port operator, handled 17 per cent more containers in the first nine months of the year after rising global trade increased cargo volumes. The company's 14 container terminals worldwide moved 19.02 million standard 20-foot boxes
      Bloomberg  -  298 words
    • 111 23 Reuters [FRANKFURT] Europe's biggest tourism firm, TUI, said its offer to take over container shipper CP Ships has been successful after it received backing from investors holding more than two-thirds of CP Ships shares. TUI said yesterday it planned to take up
      Reuters  -  111 words
    • 270 23 Dalian facility will cost 2.2b yuan and will handle iron ore Bloomberg [HONG KONG] Hutchison Whampoa Ltd, the world's largest port operator, will help build a 2.2 billion yuan (*****.5 million) terminal in China to handle iron ore, its first bulk
      Bloomberg  -  270 words
    • 243 23 AFP [KUALA LUMPUR] Two Indonesian fishermen survived for fourteen hours in the Strait of Malacca by clinging to pieces of their boat after it collided with a container ship, reports said yesterday. Neim Ahmad, 53, and his son Nur Rizan, 30, both residing
      AFP  -  243 words
    • 298 23 SGX '000 Oct 19 SS Vol CH Offshore 0.38 -0.01 1846 ChuanHup 0.89 -0.01 4654 Cosco Corporation .2.20 -0.14 8181 CWT Distribution .0.87 4.03 338 Ezra Hldgs 1.38 -0.06 1387 Freight Links 0.07 unch 1087 Grand Banks Yacht 092 -0.01 13 Jaya Holdings 1.23 -0.05 5965 K1 Venture
      298 words
  • Page 23 Advertisements
    • 119 23 Diners Club Card To apply, cafl 6416 0980 D A World of Exclusive Privileges Treats Club Prized for its smooth taste and premium image, this highly-regarded tequila has been pleasing palates since 1975. You can either enjoy it neat, on the rocks, or in a delicious Margarita from 12 noon
      119 words
    • 50 23 ori ur J FIND TO ONES r n_s WHAT FIT! OU 1 Recruit the right people through CATS Recnirt. 1 S I X Call 1800 289 8822 or email r recruit9sph.com.sg r-O p J to advertise. r 1 r H->' "i rhr rr Tl \S~*\ RECRUIT V I v S
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    • 151 23 3-DAY STRATEGIC SALES COURSE FOR 11 INTERNATIONAL TRANSPORTATION LOGISTICS INDUSTRY Topics Covered: Date: 25 to 27 October, 2005 ♦Industry Sales Skills Account Management Time: 9am to spm ♦Integrated Services Positioning Selling Skills Venue: The Regent Singapore ♦Concept of Value in Industry Selling C^scaderTßoad° te To register, call 6479 3759, or
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    • 112 23 Got A Passion For Chocolate? Come experience the newly renovated Plaza Brasserie. Be smitten with the most tempting freeflow dessert buffet and fall In love with our magnificent chocolate fountain. Euro-Asian Buffet Lunch (Dally): Adult $28 Child $17 Dinner (Mon Thurs): Adult $30 Child $18 Dinner (Fri Sun, Eve of
      112 words
    • 65 23 MERITUS MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, I S savoury honey-glazed ham, prime I rib of beef ana many more mouth- J watering dishes to leave you IV spoilt for choice. Reservations: 6831 6271/72 BBjM meTitus MANDARIN A division of Overseas Union Enterprise Limited (Company
      65 words

  • EDITORIAL & OPINION
    • 493 24 EDITORIAL BOARD renewal is taking place at several of the biggest listed companies in Singapore. This is a healthy development. But it is among the mass of smaller companies where board renewal is most needed. Large companies are well aware of the need to renew
      493 words
    • 727 24  -  THE BOTTOM LINE ROBERT SAMUELSON THE question posed by the bankruptcy filing of Delphi Corp the largest US auto parts company is whether manufacturing in America has a future. Or, is it sliding towards extinction? Viewed historically, the question is misleading. It's true
      727 words
    • 953 24  -  Quality and productivity used to offer the competitive edge, but now 'innovation' is the key By CHUE YUIN CHEONG OVER the last 20 years, manufacturing companies have been on a journey to drive improvement in their products and services. One of the
      REUTERS  -  953 words
    • 1270 25  -  His tough stand on fuel prices and subsidies has revitalised Indonesia's flailing economy SHOEB KAGDA Jakarta Correspondent Up until October 1 this year, President Susilo Bambang Yudhoyono was facing his first serious economic crisis since taking office a year ago. In the two
      ST FILE PHOTO  -  1,270 words
    • 149 25  -  LETTERS TO THE EDITOR Choy Chan Pong, Pauline Phua WE refer to the articles "Speculation makes comeback in high-end property market" and "URA looking into property sales by speculators" (BT, Oct 11 and 12 respectively). URA constantly monitors the level of speculation in our
      149 words
    • 171 25  -  Bridget Lai Group CEO Alliance Bank Malaysia Berhad WE refer to S Jayasankaran's article "Bankers chafe at BNM's tight grip" (BT, Oct 12) and the quote, "Even when a candidate is approved, the central bank takes its time, aggrieved bankers say, giving as an example
      171 words
    • 843 25  -  By THOMAS L FRIEDMAN A delegation of Iraqi judges and journalists abruptly left the US on Tuesday, cutting short its visit to study the workings of American democracy. A delegation spokesman said the Iraqis were "bewildered" by some of the
      843 words

  • Page 25 Advertisements
    • 132 25 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      132 words

  • 10609 26 SGX MAINBOARD Tel Last Vol Day Last Quote GrOiv M> GrVM Net MCap Hijfr Low Code Company Sale +J- rooo) Htfi low »uyr Saler Cw S W W 8.5 2 5716 1st Software 5c 3.5 2.5 3 142 25.5 7.5 3148 8Telec<xnUS2c 8 unch 506 8 7.5 7.5
    10,609 words
  • Page 26 Advertisements
    • 36 26 Why would you track Contracts for Difference? (Ci ns) Fi-r fin live' oiot.nls oi i iti-i iMiion ho**; io or, 11 .in .1. rotiiii lr..| >ii >•cityindexasia City Index Asia t.! I VINDEX ASIA Pte Ltd
      36 words

  • 7080 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la local an In SS KIR) %lty H y» S dy V ft dy Syr Oct H Chanft Chang* Qmngo Ouoq« CHomo Ch«np< Wtotoirvtea ftdiminary 90s 3 <13 57 -04 4.5 0.6 0.6 J £AK Preliminary 88 67 -0.2 14.7 -0.7 6.3 -0.9
    7,080 words

  • Page 28 Advertisements
    • 1439 28 d Bfu/ H if flHk'm Hk^^i LJ IMIi JB^y mirK" ''"-/I M |fl |illllllf!V I x /n\ NYK GROUP SOUTH ASIA PTE LTD VTWr «C TEL 6295 0123 IV A JkliME WKgdf M 3 II LINE Fax: 6292 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA
      1,439 words
    • 787 28 IINTMASIA KOtO MKVKI vBM/vor uma) mbgwiw m km io i sm I jct STtAItS VBmiRE 71/05 IS 3? 13/10 It/10 20/10 23/10 2S/I0 STtAITS VENTURE 22/05 IS 12 27/10 30/10 03/11 oi/ll 01/11 |sTumyaruK23/os is 3.2 10/11 ivn 17/11 20/11 22/11 lAUITRAUAN RORO SHtVICi I vesa/vot I «Mrom| HBGHip)! m
      787 words

  • Page 29 Advertisements
    • 1304 29 www.homburgsuj.tom "9£^ASIA SIRVKE SUHG 1 (EXPORT) ASIA SERVICESIIH6I (EXPOBT) ETA HA Vwwl/Vm** SINGAPORE HUMAN SEPtTHA SANTOS ITAJAI PARANAGUA Vtiwl/Vwwt SINGAPORE HIENOS AWES I»t0 GUAM* SANTOS SEPETMA Cop Sotnos 502W 26/10 04/11 16/11 17/11 19/11 20/11 luicrmn 501W 22/10 14/11 16/11 11/11 20/11 MYK Flwesto 003W 02/11 13/11 23/11 24/11 26/11
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    • 1242 29 VESSEL VOY SIN PGU HCM VESSEL VOY SIN PKG JKT CAFE SANTIAGO OQ7N 25/10 26/10 28/10 Aft MA6N6LIA 096S 25/10 ?67T0 29/10 GOLDEN BKIPGE 501N 1/11 2/11 4/11 AO HIBISCUS 112S 31/10 1/11 4/11 I GOLDEN TRADE 51SN 8/11 9/11 9/11 ACX DAHLIA 095S 7/11 8/11 11/11 VBSEL WY_Jtt__SHL_!Ag XGG_
      1,242 words
    • 850 29 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS vessel vor sim fjuangl Colombo m. sheva [coioiiiao RAJIV GANDHI 0097W 16 00 19 OCT 22 OCT 25 OH 28 00 mmm MSEFQcr JUS! 28 oa _jj_aa_ 03 hqv sam mm qmh sum gum HPWKAH BRIPSt WW
      850 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 9060 30 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'ji Name Name Haaker Number To ALOTAU (GUR) 2465 Papua New Guinea TO ABIDJAN (ABJ) 2003 Cote D'lvoire 15/1) 01/12 NGPL KOKOPO CHIEF lit *****288
      9,060 words
  • Page 30 Advertisements
    • 752 30 WW WALLENIUS WILHELMSEN website: http://www.2wglobal.com VISStL VOY |gAMP I HEIGHT I SIN LIC MAO HOW Ml* SAV >Al o>f NYC NIW IKW TALISMAN AFS2B 3201 ms I 6.4 M I 26/10 20/11 29/11 03/12 07/12 OS/12 TARONGA AF529 320T«i I 6.25 M I OS/11 03/12 12/12 16/12 21/12 19/12 TAMPERE
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    • 1210 30 vtssti vor sin pou vk«i vor sin jkt PACIANPA ISBON 16/10 17/10 PAC Mil 41M 17/10 20/10 csf 2301 fiIIZM IZZIO 19/ ip W2l nm 57g PAC lANPA ISBIN 18/10 18/10 PAOAU 4189 24/10 27/10 P*c lANPA 1582N IMS 20/10 gg g™ 24g -SQ39I SUSP 211/ ii 71/10 %!SSan Jjg—
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    • 398 30 i' BSA jl o MYANMA ■n FIVE STAR LINE (Myanmor National Line) Loading for Yangon VESSEL VOY SIN PKI PEN P6U PAGAN 34SW SID PAGAN 349W SU> IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****15 MKUk ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKI KUC SHINKEN ACE 124
      398 words


  • BizIT
    • 660 32  -  S'pore ops are set to get a good part of that, its CFO tells RAJU CHELLAM RAJU CHELLAM THE world's largest hard disk drive (HDD) maker, Seagate Technology, will invest up to US$BOO million during this fiscal year to beef up its manufacturing and
      660 words
    • 329 32  -  By RAJU CHELLAM ONE reason the demand for hard disk drives is booming in the Asia-Pacific region is robust sales of PCs, especially notebook computers. The third quarter marked the strongest-ever notebook growth in the Asia-Pacific outside of Japan, according to IDC
      AFP  -  329 words
    • 417 33  -  S'pore company will gain access to new markets, a new business model By AMIT ROY CHOUDHURY LOCAL banking software maker System Access' flagship product, Symbols, will be marketed by Unisys, one of the world's largest information technology services and solutions companies. System
      417 words
    • 369 33 Bloomberg (ORIANDO, Florida] Hewlett-Packard Co, the world's largest printer maker and No 2 PC company, will realign its sales staff over the next four to five years to spend more time with customers and boost revenue from existing clients. "Account management is
      Bloomberg  -  369 words
    • 369 33  -  It controls 35% of M2M sector, sees 30% annual growth By OH BOON PING FORGET cellphones, the market for machine-to-ma-chine (M2M) communication has much more potential, says Siemens. "There are 50 billion machines worldwide, with only 20 million of them mobile. Compare this with
      369 words
    • 287 33 Reuters (SAN FRANCISCO) IBM Corp, the world's biggest computer company, will give its US employees online access to their medical records, making it one of the first large companies to put workers' health data on the Internet. IBM's roughly
      Reuters  -  287 words
    • 502 33  -  By ROLAND LIM HOMEGROWN online games publisher Asia Soft Online has mastered the art of making money by letting users get a free ride. Explaining their unique business model, chief executive Addison Kang said that Asia Soft Online, the Southeast Asia arm
      502 words
    • 255 33 Bloomberg [MANILA] Dell Inc. the world's largest maker of personal computers, said its Philippine call centre will be located in the country's biggest shopping mall. Dell has leased 14,500 sq m of space in Mall of Asia, cornering about 3.8 per cent of the
      Bloomberg  -  255 words
  • Page 32 Advertisements
    • 35 32 SYSTEM ACCESS-UNISYS DEAL The Singapore company will gain access to new markets when Unisys markets its Symbols solutions under a deal signed yesterday, pg 33 itarHub J Mobile Cable TV Online foice Business W m
      35 words

  • Page 33 Advertisements
    • 123 33 @fcveet tyfaybwatumA t/U6 Revel in the spirit of Diwali with mitthais freshly made l\ from Rang Mahal's kitchen and presented in an VlNf^S exquisite gift box. NLi V Anjeer Kaju Roll, Mango Burfi, Til Ki Barfi, C N^|| Goond Ki Chakki and Milk Cake. Regular $30 per box Premium $60
      123 words

  • PROPERTY
    • 601 34  -  Economic upturn and J-Reits driving recovery in retail, offices, residences By ALEXANDRA HO AFTER suffering a 15-year slump, the sun could once again be rising on Tokyo's property market going by the bullish outlook in a report by property consultancy DTZ Debenham Tie
      Saurce: DTZ Research, CBC  -  601 words
    • 351 35  -  Choice 12,500 sq m residential plot estimated to be worth $220m By ARTHUR SIM THE Urban Redevelopment Authority (URA) has added another residential site to its Reserve List, one of three new residential sites the Ministry of National Development intends to launch
      351 words
    • 297 35 A REAL estate seminar on business opportunities in the Middle East will be held next week to spur those who, despite their interests, are still hesitant to venture forth. The seminar is organised jointly by the Real Estate Developers' Association of Singapore (Redas),
      BAHRAIN FINANCIAL HARBOUR  -  297 words
    • 1451 35 mm a wl jmm. jm mm mm. a m mm mm*.. mamm mm m mm mm m PROJECT NAME/ PROP CONTRACT TENURE BUIU-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (S) 000) (S$) District 3 NON-LANDED Clydesview Apt 30/09/2005 FH
      1,451 words
  • Page 34 Advertisements
    • 4127 34 Prime Development Site At District 11 For Sale By Tender \y/ -0- Land Area 35,392 sq ft X™ SET Freehold l—• Plot ratio 2.8 99mAMSL < Short walking cistance to Novena MRT, United Squaie S9U and Novena Square //Ttons IHEISEaHO Lncolnsvate < ILL M lil WW N rpRE Tel: 6224
      4,127 words
    • 39 34 Looking for the petfcct getaway in Phlikd? ■wr wwwparVlandphuket com You can own tt now... mmtmumMi* (9 IB) Parkland Real Estate PteLtd CaiSookWai/Emi* at 9365 0983 *****286 111 470 North Bridge Road #02-06 North Bridge Commercial Complex Singapore *****5
      39 words

  • Page 35 Advertisements
    • 359 35 LSfjaSiSl J Prime Freehold Site for Landed Houses at Old Holland Road TuffCdy Land 87,087 sf, Residential Provisional Planning Permission previously Bukit Timah Road granted for cluster housing (32 semi-ds and h g** 3 bungalows) T-I x x Potential for 1 28 conventional semi-ds; or Suljed Site I m 42
      359 words

  • WORKSPACE
    • Article, Illustration
      603 36  -  You can swim laps, take a yoga class or torture your friends with your singing. No, it isn't the country club; it is the office that is designed for staff rest and relaxation. TAN SU YEN reports TAN SU YEN AT the height of the dot.com boom,
      ARTHUR LEE  -  603 words
    • 1065 36  -  By TAN SU YEN VISITORS to the offices of Osim International Ltd invariably come away raving about the company's rooftop swimming pool. Yet that inviting blue pool framed by breezy palms is just one of the many staff amenities at the offices of Osim, the SGX
      1,065 words
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