The Business Times, 25 October 2005

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Total Pages: 32
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 089/03/2005 Tuesday, October 25,2005
    17 words
  • 591 1  -  Retailers should tap trend changes, new shopper profiles By CHEN HUIFEN [SINGAPORE] Singapore's retail and consumer landscape faces a number of challenges, but there are opportunities ahead with the development of new retail projects and emerging consumer trends, according to a PricewaterhouseCoopers (PwC)
    591 words
  • 269 1 Reuters Bloomberg IWASHINGTON] President George W Bush yesterday nominated White House economics adviser Ben Bernanke to succeed Alan Greenspan as chairman of the Federal Reserve, a post that will give the former Fed board governor huge sway over the world's richest economy
    Reuters; Bloomberg; BLOOMBERG  -  269 words
  • 712 1  -  It lags behind business realities and is not sufficiently linked to performance, they say By ANNA TEO [SINGAPORE] Executive compensation in Singapore has not kept pace with changes in business realities, and moves to update it lag efforts elsewhere, consultants say. In particular,
    712 words
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  • TOP STORIES
    • 615 2  -  Pace of investment by Singapore companies in China set to accelerate By MANDE KHIN in Beijing TEMASEK Holdings' links with its Chinese counterpart the Assets Supervision and* Ad-» ministration Commission of the State Council (SASAC) are an important aspect of the
      LIANHE ZAOBAO  -  615 words
    • 712 2 IDA to boost transparency in Sing Tel prices IN a bold step to boost transparency and interest, the Infocomm Development Authority will publish the prices of Singapore Telecom's interconnection services a move that will change the competitive landscape of the telecoms sector. IDA said that it has approved
      712 words
    • 553 2  -  Reports by ALEXANDRA HO in Beijing SLOWLY but surely, Singapore's Capita Land has been busy making strides in the residential property markets of Beijing and Shanghai, either rolling out properties all with the customary 70-year-old leasehold tenures next month or before this year
      553 words
    • 370 2 PROPERTY giant CapitaLand has established its second private equity fund for investments in China, this time with global financial services company, Citigroup. The US$4OO million (Ss67B million) Capita Land China Development Fund (CCDF) is earmarked for investment in sizeable residential, office,
      370 words
    • 483 4 Class action suit filed over portable music player's screen scratches Reuters [PHILADELPHIA] Apple Computer faces a lawsuit that alleges the company knew its iPod nano portable music player was defective but still decided to press on with the product's release last month. The
      Reuters; AFP  -  483 words
    • 539 4  -  Regulator to unveil SingTel's prices for rival telcos' access to its network By ANGELA TAN [SINGAPORE] In a bold step to boost transparency and interest, the Infocomm Development Authority (IDA) will publish the prices of Singapore Telecom's interconnection services a move that will
      539 words
    • 131 4 STI 2,222.83 (-16.53) ST INDEX FUTURES 2,223.00 (-17.00) □simso 262.87 (-2.06) SIMSO FUTURES ***** (-3.40) MARKETS Monday Change USECOMP 904.70 -4.88 NIKKEI 225 13,106.18 -93.77 HANG SENG 14,402.35 -85.50 SETINOEX Closed JAKARTA COMP 1,073.08 -2.88 MANILA COMP 1,917.47 -5.03 SEOUL COMP 1,184.60 +1.12 SHENZHEN B 203.36 -0.70 MUMBAIIND
      131 words
    • 552 4  -  By S JAYASANKARAN in Kuala Lumpur TWO members of the Selangor Turf Club have filed a class action suit against the seven-man general committee of the club to recover RM3O million (Ssl 3.5 million) of the club's money which the committee, it
      552 words
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  • COMPANY NEWS
    • 647 6  -  SBB says it's not considering merger proposals, and will contest bids By LESLIE YEE SINGAPORE'S OCBC may hold the key as to which faction prevails in the growing rift between major shareholders of potential takeover target Southern Bank Bhd (SBB)
      647 words
    • 744 6  -  HOCK LOCK SIEW By S JAYASANKARAN SOME TIME last year, Rin Kei Mei, a shareholder and driving force behind Malaysia's EON Bank, met up with Tan Teong Hean, the chief executive of Southern Bank. Mr Rin, who was executive chairman of the former
      744 words
    • 401 9  -  CORPORATE EARNINGS Overseas earnings still lead, accounting for 57% of 9-month profit By KALPANA RASHIWALA KEPPEL LAND, which yesterday posted a 2.5 per cent year-on-year increase in third-quarter group net profit to $33.2 million, says it is in the process of setting
      401 words
    • 235 9  -  By CONRAD TAN THE recent surge in oil prices after hurricanes Katrina and Rita battered oil production and refining facilities in the US Gulf Coast has translated into higher profits for Singapore Petroleum Company. Announcing a 67.9 per cent rise in third-quarter net profit to
      235 words
    • 318 9  -  By LEE KIM SIANG QIAN HU Corporation, which suffered a net loss of $682,000 in the third quarter of last year, yesterday reported a turnaround. The ornamental fish group posted a third-quar-ter net profit of $543,000 for the three months ended Sept
      FILE PHOTO  -  318 words
    • 279 9 Leaseback deal reflects net income yield of 7% MAPLETREE Logistics Trust (MLT) has signed a deal to buy a property at Changi South for $9.1 million, reflecting a net property income yield of 7 per cent. The acquisition of Apico Industrial Building is
      279 words
    • COMPANY BRIEFS
      • 37 9 SP Chemicals saw net profit gain 69 per cent to 40.3 million yuan (S$8.5 million) for the third quarter ended Sept 30. Revenue rose 2 per cent to 268.4 million yuan.
        37 words
      • 60 9 HARTFORD Holdings yesterday announced a proposal to acquire Thames Business School (TBS), which offers certificate and diploma courses in Business Administration in Auckland, New Zealand. The proposed acquisition is based on a conditional purchase price ranging from NZ$6OO,OOO (S$708,000) to NZ$l million depending on TBS'
        60 words
      • 52 9 FIRSTLINK Investments Corporation Ltd's wholly-owned subsidiary, FirstLynk Bio Salt Pte Ltd, has signed a memorandum of understanding with the lodized Salt Producers Association of Indonesia to set up joint ventures in Indonesia and China for salt trading. The MOU marks FirstLynk's entry into the international salt
        52 words
    • 453 10  -  Landwind Medical aims to expand to places like Africa, Korea, S-E Asia By CHEN HUIFEN CHINA may be a huge market but it is not big enough for the appetite of Landwind Medical Holdings. The medical diagnostic imaging firm is eyeing places like Africa, Korea,
      453 words
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    • 533 7 An overly complex IT system can make even the simplest tasks difficult. <"\ Reduce complexity. Increase efficiency. Maintain cated systems—Systemwalker makes it easy to spot the sanity. It seems to happen overnight. In a race to keep source of problems before they become a bigger headache. pace with technological change,
      533 words

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    • 254 8 A New Standard In^uxuryJj|ir pr -.«*--J Road Travel Has Justprriv^^ J?'*&".~ JgU/M&Z. I i: I K 111 H v y^K3 BgflgS ABT V Mi^^"H 19 i -V« ,r 7" n L mtWHHH m Sn HKH 1 A -^rr— Bft m WsmSf, iS B SHf B Ss<prr o-S^ I I yLI
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  • Page 10 Advertisements
    • 1971 10 I'^.l'.TJlLand Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2005 These were partly offset by lower contributions from One Park Avenue which is fully sold and physically The Directors of Keppel Land Limited announce the
      1,971 words

  • Page 11 Advertisements
    • 88 11 Tullett Prebon. Tullett Prebon has been voted the Number One Global broker in interest rate derivatives and forward foreign exchange in the annual Risk Magazine client survey published in September. We would like to thank our clients around the world for their vote of confidence. We look forward to improving
      88 words

  • SINGAPORE MARKETS
    • 478 12  -  STOCKS Possibility grows that traders may be caught in a bear trap R SIVANITHY Senior Correspondent AFTER last week's plunge and rebound on Wall Street, the question was asked in this column on Thursday whether what traders were witnessing was a genuine recovery or simply
      Source: Bloomberg  -  478 words
    • TRADES TO WATCH
      • 430 12 US MUTUAL fund manager The Capital Group of Companies has had its deemed interest in land transport group ComfortDelGro raised from 5.98 per cent to 6.09 per cent, after 2.5 million shares were bought from the open market at undisclosed prices in a series
        430 words
      • 114 12  -  By ROY CHOUDHURY THE Capital Group of Companies also increased its deemed interest in China-based waste water treatment specialist Bio-Treat Technology from 6.63 per cent to 7.44 per cent by buying 6.98 million shares from the open market at undisclosed prices in a
        114 words
    • Article, Illustration
      428 12 OTHER SINGAPORE INDICES Oct 24 VALUE CLOSE BT OB/OS -1004.00 -173.00 BTCAPI -*****.00 -7800 BT 10-day MA -*****.00 -101.00 All-SG Equities 570.51 -3.67 SG Equities Elect 122.63 -0.64 SG Equities Fin 1631.35 -17.29 SG Equities Prop 684.03 -6.05 SIMSCI 262.87 -2.06 SiMSCI Futures 262.40 -3.40 MOST ACTIVE STOCKS VOLUME China
      428 words
    • Article, Illustration
      917 12  -  Compiled by UMA SHANKARI First Engineering Oct 24 dose: $1.11 CREDIT SUISSE FIRST BOSTON, Oct 24 FIRST ENGG's share price fell abruptly by 15-16 per cent in the past week. We believe this is caused by a cautious change in management's stance citing rising component costs and concerns
      Source: Bloomberg  -  917 words
    • 388 12 CURRENCIES AFP [TOKYOI The US dollar held firm just short of two-year highs against the yen in Asian trade yesterday as the market continued to focus on the gap between US and Japanese interest rates, dealers said. The US dollar was steady at 115.82
      AFP  -  388 words

  • SINGAPORE NEWS
    • 339 13  -  Gulf Finance House also sets its sight on property project worth up to US$lb By LESLIE YEE SINGAPORE'S ambition to become an Islamic financial hub received a fillip from Bahrain-based Islamic investment bank, Gulf Finance House (GFH), which is looking to secure the
      339 words
    • 297 13  -  By CONRAD TAN THE Independent Damage Assessment Centre (Idac) scheme set up three years ago to help motor insurers here curb inflated insurance claims and stop premiums from spiralling continues to receive strong backing from market leader NTUC Income, despite the withdrawal
      297 words
    • 215 13 PRICES in September rose 0.6 per cent year-on-year, while inflation remained under control for the first nine months of the year with a 0.3 per cent increase. The September consumer price index (CPI) this year rose to 101 from 100.4 last year, due mainly
      215 words
    • 219 13 FOR the second month in a row, petrol stations here have reduced petrol and diesel prices by three cents a litre. Shell, which operates the second largest chain of service stations, was the first to cut prices at 8.30 am yesterday. The last round of cuts on
      219 words
    • 265 13 They stay longer as total visitor days rise 10.9% MORE visitors came in September than a year ago and they stayed longer on average too, according to the Singapore Tourism Board (STB). Singapore welcomed 703,901 foreigners in September 2005, or 6.9 per cent
      265 words
    • 472 13  -  By CHEN HUIFEN US-BASED Fluidigm Corp yesterday opened its .first overseas biochip manufacturing plant in Singapore and plans to invest Ss4o million here to ramp up output over the next five years. "We have big plans for Singapore," said company president and CEO
      LIANHE ZAOBAO  -  472 words
    • 270 13 KEPPEL Land and Las Vegas-based casino operator Harrah's Entertainment have roped in Singaporebased Conference Exhibition Management Services (CEMS) as a partner to reinforce their bid to build Singapore's integrated resorts (IRs). CEMS will provide strategic advice on the conventions and exhibitions
      270 words
    • 147 13 INDIAN entrepreneurs in Singapore were yesterday honoured by the Singapore Indian Chamber of Commerce Industry (SICCI) and DBS Bank. Awards were given out in three categories at the SICCI-DBS Singapore Indian Entrepreneur Awards presentation ceremony, for the second year running. Category 1, for large enterprises,
      147 words
    • 354 13  -  Premiums depend on industry and buyer's country By OH BOON PING LOCAL companies can now purchase trade credit insurance at lower premiums, thanks to IE Singapore launching a Trade Credit Insurance (TCI) programme that allows firms here to pool their credit insurance to
      354 words
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    • 72 13 fn www.tradershotels.com S I m *41 j 3 TRADERS HOTELS I By Shangri-La li 1 I I Whew there>'s a large* demand for taxk at j I K Singapore* AiVport, cboo& -the taxi stand I I K to the- far right of Terminal 2. ft rarely I M (jyovct. I
      72 words

  • SME SPOTLIGHT
    • 711 14  -  NANDE KHIN finds out more about Far East Flora's creative plans to expand NANDE KHIN FLOWER, plant and garden accessories retailer Far East Flora Holdings will invest $3 million over the next two years to grow a regional arm through its FarEastFlora.com virtual
      FILE PHOTO  -  711 words
    • 878 14  -  Some companies don't benefit from full IFRS compliance, say YEOH OON JIN and KOK MOI LRE YEOH OON JIN, KOK MOI LRE Businesses communicate their financial results to stakeholders using a set of recognised financial reporting framework and standards. This is to ensure that the reported
      878 words
    • 135 14 The International Accounting Standards Board (IASB) has started a project to draft special financial reporting standards for SMEs that will generally be based on the IFRS framework, but tailored to meet the differing needs of less complex businesses. lASB is likely to
      135 words
    • 634 15  -  Even small firms can mix business with social activism, NANDE KHIN reports NANDE KHIN are k est t0 nies with more resources, but Le Champ thinks differently. For more than 20 years almost since its establishment in 1982 the electronics components and machinery distributor has
      ARTHUR LEE  -  634 words
    • 632 15  -  Wheelock Place store will almost triple size to 4,500 sq ft to offer more specialised services By NANDE KHIN THREE-year-old AppleCentre@Orchard has been doing so well that it is almost tripling in size to become the largest Apple Centre in Asia. Encouraged by
      632 words
    • 805 16  -  SMALL CAPS Handphone parts supplier has diversified into higher value-added solutions, and share price looks undervalued, writes ANGELA TAN ANGELA TAN MFS Technology occupies a hot part of the technology chain supplying printed circuit boards (PCB) parts and customised solutions in non-display flexible components
      AFP; Source: Bloomberg  -  805 words
    • 391 16  -  By TEH HOOI LING THE prediction of a full-blown recovery of the small-cap stocks by market pundits has yet again failed to come true, as the sudden change in investor sentiment in the last two weeks had hit the second tier market harder.
      391 words
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  • Page 15 Advertisements
    • 192 15 f \?M airfare to Melbourne: 1,100 Use your MasterCard to get two nights accommodation: $66?r 11 Great Ocean Road trip: $256 J a free companion ticket to Melbourne on British Airways. f i -SJ- .Mi telling your loved one thsyVG coming too* DricolGss 5. ow ou can our wor ou
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  • Page 16 Advertisements
    • 1070 16 o MACQUARIE MACQUARIE INTERNATIONAL INFRASTRUCTURE FUND LIMITED (A mutual fund company incorporated with limited liability in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of Macquarie International Infrastructure Fund Limited (the "Company") will be held at Cinnamon Room, Novotel Clarke Quay, 177 A
      1,070 words

  • ECONOMY WATCH
    • 706 17 It doesn't have enough skilled labour and too many unskilled workers Reuters [HONG KONG] Hong Kong's job market is booming if you're a skilled worker. Employers complain of a talent shortage, vacancies are on the rise and companies are being forced to boost
      Reuters  -  706 words
    • 480 17 Rapid growth will boost gradual gain, says central banker Bloomberg [TOKYO] The Chinese yuan should be allowed to strengthen gradually because the currency's gains won't disrupt the world's fastest-growing major economy, a Chinese central bank adviser said yesterday. "There is no need for China to
      Bloomberg  -  480 words
    • 218 17 AFP [TOKYO] A panel of Japan's ruling Liberal Democratic Party is considering raising sales tax from the current 5 per cent to 10-15 per cent to help rebuild Japan's ailing social security system, according to a report. The party's
      AFP  -  218 words
    • 670 17 Bloomberg [NEW DELHI] India's central bank may increase a key interest rate today after rising fuel costs and consumer demand lifted inflation to a five-month high. The Reserve Bank of India will probably increase the rate it pays to
      Bloomberg  -  670 words
    • 285 17 Bloomberg [HELSINKI] The World Bank president, Paul Wolfowitz, has said that there would be "severe" economic costs if the bird flu that has killed at least 61 people in Southeast Asia and has now spread to Europe mutates to be transferable between
      Bloomberg; PHOTOS: REUTERS  -  285 words
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    • 91 17 NOTICES BUY IT SELL IT FIND IT NOTICE OF INTENDED DIVIDEND Name of company SINEXIMCO PTE LTD (In Creditors' Voluntary Liquidation) Reg. No. *****3671Z Address of former 101 Cecil Street #19-02 registered office Tong Eng Building Singapore *****3 Last day for receiving proofs 9 November 2005 Name of liquidators CHEE
      91 words
    • 399 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JARDINE SHIPBROKERS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****3869 D NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cop. 50, that a Final Meeting of the Members of the
      399 words

  • MALAYSIA/INDONESIA
    • 661 18  -  INDONESIA INSIGHT Court ruling has landed Jakarta in a legal and political quagmire SHOEB KAGDA Jakarta Correspondent INDONESIA'S fledgling democracy is widely held as a model for other developing countries to emulate, but a ruling last week by the country's newly established Constitutional
      THE JAKARTA POST  -  661 words
    • BRIEFLY ASIA
      • 56 18 AP [KUALA LUMPUR] Shares of Malaysia's national car maker Proton fell 5.4 per cent yesterday amid concerns that a proposed alliance with German auto giant Volkswagen AG may collapse. Proton shares fell to RM7.90 (553.54) at the end of trading, down
        AP  -  56 words
      • 74 18 Reuters [KUAI.A LUMPUR] Malaysia has no immediate plans to lift its ban on short-selling of equities, Finance Minister Nor Mohamed Yakcop said yesterday. "Given that the Malaysian market is not really matured, and that there are not many instruments in the market, the
        Reuters  -  74 words
      • 69 18 AFP IMUMBAIJ Indian share prices closed 1.84 per cent lower yesterday as investors anticipated a hike in short-term interest rates by the central bank in its upcoming mid-term economic review, dealers said. The Mumbai stock exchange's 30-share Sensex index declined 148.15 points
        AFP  -  69 words
      • 85 18 Reuters I HONG KONG] Parkson Retail Group Ltd, the China retail unit of Malaysia's Lion Diversified Holdings, is set for a listing hearing on Thursday with the Hong Kong bourse for an IPO worth as much as US$lBO million, sources familiar
        Reuters  -  85 words
      • 41 18 Bloomberg [SINGAPORE] Shangri-La Asia Ltd, Asia's biggest hotel operator, expects to increase the number of properties in China to more than 35 from 20 in the next three years to tap the country's growing economy.
        Bloomberg  -  41 words
      • 45 18 Reuters [MUMBAI] France's BNP Paribas Asset Management yesterday agreed to buy 49.9 per cent of Indian mutual fund Sundaram Asset Management for one billion rupees (5537.5 million), gaining a foothold in a quickly growing market. Reuters
        Reuters  -  45 words
    • 183 18 [KUALA LUMPUR] BANK Negara Malaysia and the Securities Commission (SC) have given blanket approval to discount house owners and universal brokers (ÜBs) to start talks on mergers, a move that puts the former in a stronger position to negotiate, according to a report in
      183 words
    • 702 18  -  NEWS ANALYSIS Thailand is ahead and incentives are vague: carmakers By PAULINE NG in Kuala Lumpur WEIGHED down by its own auto agenda, Malaysia last week tried to play catch-up with Thailand by assuring global car players of its commitment to
      702 words
    • 2231 18 VOL General Corp .0.41 unch 11 M Ml W- dm Genting 21.20 0.30 662 George Kent .0.59 -0.01 75 ASM Realty 1.62 unch 3 GHLSystems .0.10 -0.01 2915 Globetronics Tech .037 -0.01 2057 ACP Incfcjstnes .0.63 -0.01 14 GkxnacBhd 1.26 unch 51 Advance Synergy 0.24 unch 79 Gold
      2,231 words
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  • GREATER CHINA
    • 516 19 Heavy investments made despite its markets being relatively immature NYT [BEIJING] After years of hesitance and half-hearted attempts to break into the Chinese market, American and European financial services companies are investing billions of dollars in China in the hopes of reaping
      NYT  -  516 words
    • 424 19 AFP [TOKYO] China's largest computer maker Lenovo needs to be a "turtle" that can move ahead slowly but surely in a tough business environment, overtaking its more complacent competitors, its chairman said yesterday. Lenovo, which completed its US$l.75 billion acquisition
      AFP  -  424 words
    • 95 19 [HONG KONG] A Hong Kong art dealer, William Chak, displaying the 'pheasant' vase he bought at a Sotheby's auction for HK5115.4 million (5524.36 million), a record price for Qing dynasty porcelain in Hong Kong on Sunday. The price is also the highest ever paid at
      AP  -  95 words
    • 250 19 AFP [BEIJING] China uncovered 240 cases of corruption in its state-owned commercial banks in the first half of the year, with losses totalling 1.6 billion yuan (*****.2 million), state media said on Sunday. The Xinhua news agency, citing
      AFP  -  250 words
    • 437 19 (BEIJING] China's gross domestic product growth figures, released late last week, have revived longstanding scepticism about Chinese official statistics and their accuracy as a gauge of activity in the world's fastest growing economy, according to the Financial Times. The GDP figures recorded growth
      437 words
    • 298 19 Reuters [SHANGHAI] China will re-open a popular back door blocked earlier this year that domestic private enterprises had used to list overseas, regulators and state media said yesterday. From Nov 1, the State Administration of Foreign Exchange (Safe) will stop requiring Chinese citizens
      Reuters  -  298 words
    • 168 19 AFP [TAIPEI] The government may extend current limited exchange facilities between the Taiwan dollar and Chinese yuan to the main island, the United Daily News reported yesterday, citing an unidentified cabinet official. Earlier this month, Taiwan for the first time allowed such foreign currency
      AFP  -  168 words
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  • INDIA
    • 453 20 Raha had offered to quit on news that industry regulator would join board Bloomberg [NEW DELHI] Oil Natural Gas Corp chairman Subir Raha stepped up calls for the government to stop interfering in the management of India's most profitable company. "Public-sector companies
      Bloomberg  -  453 words
    • 275 20 Bloomberg [MUMBAI] Ericsson AB, the world's biggest maker of wireless networks, will spend "several hundred million dollars" in India a year, an investment that will include building a research centre in the southern city of Chennai. The company is investing about US$
      Bloomberg; AFP  -  275 words
    • 278 20 Acquisition gives access to customer base and manufacturing methods [MUMBAI] Gujarat Glass, India's largest glass manufacturer, is planning an assault on the American market after its controversial acquisition of Flat River Glass, a US rival, from under the nose of a larger Austrian
      278 words
    • 5383 20 UNIT TRUSTS FUNDS 1 ja P an CitiBond S'pore A/i 1 29/ ABN Amro Asset Mgt (S'pore) Cm fctalL SGD Cb«A i B9i« Star Eurooe Eatv'** n R")*J Monty SODClass A 1.0316/ Sw tori 1246 Cm Money SingDollarClass B.... 1 0855/ SEag£ 8^«Sz=zz=!S s£ Z Em o* 1 S» G^T«hJ»toi'iiS"
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  • Page 20 Advertisements
    • 44 20 AllianzGl Global Internet Fund Winner of the Sector TMT Global (3Year) Category 1 Allianz (fij) and Best Equity Sector Information Technology Fund over 1 Year** Global investors Source: Standard Poor's 2005 Singapore Fund Awards The f dge-t ipper Singapore Funds Awards ?0()4 companyregn.no i*****i69Z
      44 words

  • ASIA-PACIFIC/WORLD
    • 580 21 Japan life insurers shun bonds Rising US interest rates raise cost of hedging against currency risks Reuters [TOKYO] Japanese life insurance companies are becoming wary about investing in dollar bonds, as rising US interest rates make the cost of hedging against currency risks expensive, while buying bonds without hedging looks
      Reuters  -  580 words
    • 411 21 [LONDON] Is the Swiss giant drug producer Roche putting profits before people? Apparently that's what one of the world's leading drug companies is being accused of, says a report in the Sunday Observer. For the Oeri, Hoffman and Sacher families,
      411 words
    • 121 21 AFP [NAPLES, Florida] Hurricane Wilma pounded Florida with torrential rain and some of the strongest winds in its arsenal early yesterday as it came ashore in the southern US state, threatening death and destruction. It was downgraded to a Category Two hurricane. Wilma, with winds reaching some
      AFP; REUTERS  -  121 words
    • 529 21 Consumers, merchants and lawmakers start taking action Reuters [CHICAGO] Nobody seems happy with the US credit card industry these days not the consumers who use the cards, the retailers and merchants who accept them, or the lawmakers who oversee the industry.
      Reuters  -  529 words
    • 362 21 (NEW YORK] Thomas H Lee Partners, the US private equity group with a large investment in Refco, is pressing ahead with plans to raise a new fund of about US$7.5 billion in spite of concerns that the collapse of the US brokerage
      362 words
    • 318 21 Reuters [TOKYO] Japan's Sumco Corp, the world's No 2 maker of silicon wafers, will raise up to US$l.24 billion in a planned share flotation. The initial public offering comes as Sumco and its rivals, including Japan's Shin-Etsu Chemical Co, bolster output capacity to
      Reuters  -  318 words
  • Page 21 Advertisements
    • 107 21 PR EM IVERTISIN G AND MARKETING COMMUNCIATIONS CONGRESS ADASIA 2005 20 to 23 November 2005 Suntec City, Singapore A 'must attend' for all advertising, marketing and communications professionals as well as enterpreneurs and SMEs expanding into Asia, this congress will provide you with a fresh perspective and important insights into
      107 words

  • AVIATION
    • 379 22  -  Among criteria is balancing security with operating efficiency By VEN SREENIVASAN [SINGAPORE] Singapore Changi Airport has received an award for its efforts to maintain safety and security of the air travelling public, the first ever winner of the award outside the United
      379 words
    • 219 22 AP [HONG KONG] A Dragonair flight from north-east China landed safely in Hong Kong after a crack was discovered in the cockpit windshield, the airline said on Sunday. No injuries were reported. Flight KA925 from the Chinese city of Dalian to Hong Kong had
      AP  -  219 words
    • 327 22 Reuters [COPENHAGEN] Australia's Macquarie Airports offered to buy Copenhagen Airports yesterday in a deal that values the Danish firm at 15.7 billion kroner (554.3 billion), to boost its global reach in a fast-grow-ing industry. The board of directors of Copenhagen Airports recommended the offer unanimously,
      Reuters  -  327 words
    • 218 22 AFP [ABUJA, Nigeria] Nigerian authorities have banned the private television station whose reporters were the first to find the site where an airliner crashed killing all 117 on board, the National Broadcasting Commission announced yesterday. Reporters from Lagos-based African Independent Television (AIT) were
      AFP  -  218 words
    • 204 22 Reuters [KUALA LUMPUR] Penerbangan Malaysia Bhd, the parent of state carrier Malaysian Airline System (MAS), yesterday scrapped the country's biggest dollar bond sale this year, citing "documentation issues". Penerbangan, which was scheduled to price the US$l billion offering last Friday during New York trading
      Reuters; AFP  -  204 words
    • 1832 22 city man eta man no ***** 1535 squ6 i6<o GA840 1725 GA641 1825 AF9M g Mis SQ147 2235 SQ148 1900 BA7382 2215 Dhak 0550 SQ436 ,>030 QF82 2215 Doha QR626 1230 QR627 1910 Dubai N***** 0735 EIC405 0210 SQ229 2300 SQ493 0735 EK433 0325 Mkmmrnmt SQ442
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  • Page 22 Advertisements
    • 159 22 1 BT Deal of the Week Exclusive Business Class Airfares with ZUJI AIRFARE HOTEL WEATHER Ho Chi MM I $452 $203 Vietnam Airlines Sofitel Plaza Saigon RaK* TOP 10 DESTINATIONS AIRfATO (business da» from HOTEL {from WEATHER Jakarta $452 Qatar Airways $187 LeMeridtenJakarta Rain Bangkok $635 ThaiAiiways $305 Marriott Bangkok
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  • Page 22 Miscellaneous
    • 175 22 CRYPTIC CROSSWORD in cabinet (7) DOWN 11 Finish following, say, minor slip YESTERDAY'S SOLUTION 2 Organ pipe player's unfinished Across: 1 Pull through, 9 Retrievline (8) 14 Casualand cool as I can, possi- er 10 Laced 12 Rdin 3 Shocking vote for right's ideal- /m drop, 13 Leeway, 15 Goldfish,
      175 words

  • SHIPPING
    • 573 23  -  They also plan to develop China port acquisition opportunities By DONALD URQUHART [SINGAPORE] Aiming to expand its port and terminal business up the Yangtze River in China, Pan-United Corporation has tied up with Macquarie International Infrastructure Fund to further develop the Changshu Xinghua
      573 words
    • 383 23 Bloomberg [HELSENKI] Cargotec Oyj, the world's biggest maker of container-lifting gear, said that its third-quarter profit rose 42 per cent as investments by ports, ship owners as well as logistics companies fuelled demand. Net income rose to 30.2 million euros (Ss6l million),
      Bloomberg  -  383 words
    • 297 23 SGX '000 Oct 24 S$ Vol CH Offshore 0.37 .-0.01 340 ChuanHup 0 80 unch 1078 Cosco Corporation 2.24 unch 8085 CWT Distribution 0.83 -0.01 197 Ezra Hldgs 1.39 -0.05 435 Freight Links 0.07 unch 535 Grand Banks Yacht 0.92 unch 0 Jaya Holdings 1.26 0.02 890 K1
      297 words
    • 343 23 Bloomberg [WASHINGTON] Panama's Canal Authority, which is considering an expansion that may cost as much as US$lO billion, said cargocontainer shipments through the canal rose 13 per cent in its fiscal year that ended last month. The increased container traffic accounted for more than
      Bloomberg; FILE PHOTO  -  343 words
    • 279 23 AFP [KUALA LUMPUR] Malaysia said yesterday that nations bordering the piracyprone Strait of Malacca were seeking United States participation in air patrols, but that it would only play a supporting role. Malaysian Defence Minister Najib Razak said the US could
      AFP  -  279 words
    • 275 23 Reuters (FRANKFURT] TUI, Europe's biggest tourism company, is considering whether to expand its cruise liner business by entering the mass market segment, chief executive Michael Frenzel told German daily Die Welt. "Today, we've got four ships that are operating under the Thomson brand. In
      Reuters  -  275 words
    • 261 23 Reuters [NAIROBI] Pirates may have seized an oil tanker and another ship carrying food to Somalia at the weekend in the latest of a series of hijackings off the lawless Horn of Africa nation, a maritime official said yesterday. "They say two more ships
      Reuters  -  261 words
    • 179 23 Bloomberg [TOKYO] Mitsui Engineerings Shipbuilding Co, Japan's third-largest shipbuilder, cut the forecast of its first-half loss because of better-than-expected performance by its subsidiaries. The shipbuilder's loss may have been 900 million yen (Ssl 3 million) in the six months ended Sept 30, compared
      Bloomberg  -  179 words

  • EDITORIAL & OPINION
    • 520 24 EDITORIAL THE Malaysian government last week unveiled sweeping proposals to help turn the country into a major auto manufacturing hub in the region. It has earmarked six areas some of them already established car-making towns and cities to be automobile hubs. They are Gurun in
      520 words
    • 1357 24  -  With Beijing pushing renewable energy in a big way, there's much incentive to up capacity By TIGER TONG VESTAS, which makes 35 per cent of the world's wind-power generation equipment, set up a plant last month in the Tianjin Economic-Technological Development Area
      AFP; Source: GWEC  -  1,357 words
    • 797 24  -  THE BOTTOM LINE WILLIAM PESEK JR Bloomberg TO show he means business on China opening its economy, US Treasury Secretary John Snow recently had a powerful prop on hand: Alan Greenspan. While the Federal Reserve chairman retains an almost godlike aura in
      Bloomberg  -  797 words
    • 1596 25  -  Monetary policy must anchor confidence to sustain non-inflationary growth By KHOR HO EE, EDWARD ROBINSON THE 2004 Nobel laureate for Economic Sciences, Professor Edward Prescott, was in Singapore in August for the Singapore Economic Review Conference. Prof Prescott made a number of important observations about
      ST FILE PHOTO  -  1,596 words
    • 222 25  -  LETTERS TO THE EDITOR Ms Lim Bee Khim for Permanent Secretary Ministry of Trade and Industry I REFER to your article "Casino bill may affect IR crossownership" (RT, Oct 24). We would like to clarify regarding section 41 of the draft Casino Control Rill,
      222 words
    • 469 25  -  Lu, Kee Hong Singapore THIS is in response to the article "Is property recovery for real?" (BT, Oct 22). I have written on many occasions that any discussion of the property market by so-called "industry experts" should be accompanied by
      CDL  -  469 words
    • 219 25  -  Narayana Narayana Singapore I REFER to Jonathan Can's letter, "Ranking of world's best cities too simplistic" (BT, Oct 11). Canada was at one time the preference of many migrating Singaporeans. For the local Chinese community in particular, I am led to believe that Vancouver has
      219 words


  • 10055 26 SGX MAINBOARD I* Lart Vol Day Last Quote GtOiv Mv GrYtd Ntt MCan low Code Company Sale COW) High low iiy So«or CV P<t imi 8 2 5716 1st Software 5t 3 2.5 3 121 25.5 6.5 3148 8TelecomUS2c 7 unch 1154 7 6.5 6.5 7 26 2
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  • Page 26 Advertisements

  • 6733 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in l*ca< obt Ib to IKS dy \yt dy yr dy %yt On 21 tndw Change Chtngm Change Chang* Chany Chang* !»>e World India Prefiminary 8910 0.1 45 00 3.6 0.0 07 t tAH Haaiawy 8?o? -03 12.7 03 5.3 02 \a Euiope
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  • Page 28 Advertisements
    • 934 28 i' IIJl!IflllJBl pkil %J: I r M|||f x I J Sl A I ~%f tHBHBHHBH iBfIMfIMHRHI av 1 NYK GROUP SOUTH ASIA PTE LTD IkTW nrC2 «r TEL: 6295 0123 t&gdf M 9 11 LINE Fax:6292 2856(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) 11 NIPPON YUSEN KAISHA VA v£tJ s/ TOKYO CDPAKU KASHA. 00.
      934 words
    • 456 28 DONGNAMA LINE CONTAINERISED SERVICE VESSEL (EVERY WED) VOY |SGP HKG M( PUS AEGEAN EXPRESS 501N 02/11 06/11 11/11 14/11 lUXHIU SUN 04/11 11/11 11/11 11/11 MARCAUNU 002N 14/111 20/11 2S/11 21/11 VESSEL (EVERY SAT) VOY [~SGP HKG TS YOKOHAMA SI9N 29/10 02/11 IS HONGKONG SISN OS/11 09/11 VESSEL (EVERY SUN)
      456 words
    • 830 28 IBIBMIU KOftO tWVKI VBsa/vor mrom wchiwb ntc km m I sn I jct I Slum VWTUK 22/05 1$ 3J 27/10 30/10 03/11 Ot/ll 08/11 STKAITS VENTURE 23/05 IS JJ 10/11 13/11 17/11 20/11 22/11 SHAFTS VBOUK 24/05 IS 3.2 24/11 27/11 30/11 03/12 05/12 I AUSTRALIAN ROBO SiMVlci 1 »Bsa/vor
      830 words

  • Page 29 Advertisements
    • 1284 29 www.nomburgsud-com I ASIA SERVICE SLING (EXPORT) ASIA SERVICE SUMO 2 (IXPORT) ETA ETA Vw«l/Vov«t SINGAPORE DURBAN SEPETIIA SANTOS ITAJAI PARANAGUA V wt «l/Vovo«t SINGAPORE IUtNOS AIRES RIOORANPt SANTOS SEPETWA Cop Solinos 507W 26/10 04/11 16/11 17/11 19/11 20/11 lponemooo6W 29/10 21/11 23/11 25/11 27/11 NYU Horesta 003W 02/11 13/11 23/11
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    • 1263 29 VESSEL VOY SIN PGU HCM VESSEL VOY SIN PKG JKT GOLDEN BRIDGE SPIN 1/11 2/11 4/11 A« MAGNOLIA 096S ~2671T 27/10 29/10 GOLDEN TRADE 515N 8/11 9/11 9/11 ACX HIBISCUS 112S 31/10 1/11 4/11 I CAPE SANTIAGO 008N 15/11 16/11 18/11 ACX DAHLIA 09SS 7/11 8/11 11/11 I ]®SEL VOY
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    • 849 29 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOT SIN PJOANG COLOMBO N. SHEVA COLOMBO KOTAPERTAMA YPMO2S 24 OH 25 OH WOO 01 NOV 04 NOV SQVUAV ~soi~ IFOCT OMIT OMIT Q2M GiM HOWBAH BBIDGF 004tW 31 QO 01 HOV OS MOV 08 NOV
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 8056 30 ETA ETA Advert Bar Vessel Voyage Telephone ETA HA Advertiser Vessel Voyage Telephone SM Desf* Mmm Name ttmtm Humtrn SM De»t n Nan* Dim Mwkv 17/11 28/12 HamburgSud ALIANCA SINGAPORE S04E *****133 To ABIDJAN (ABJ) 2003 Cote D'lvoire To ANTWERPEN (ANR) 2019 Belgium 03/11
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  • Page 30 Advertisements
    • 754 30 WKJIf WALLENIUS WILHELMSEN website: http://www.2wglobol.com VESSEL [VOY [RAMP IK MAO HOW IWA SAY Ml ORE NYC HEW M 0« TALISMAN AFS2B 3201 MS 6.4 M I 30/10 20/11 29/11 03/12 07/12 05/12 TARONGA lAFS29 3201 MS 6.25 M I 08/11 03/12 12/12 14/12 21/12 19/12 TAMPERE AFS3O 4001 ms 6JM
      754 words
    • 562 30 vtssa voy sm rcu vissa vor sw nn PAC PANDA ISB7M 26/10 27/10 PAC WHAM 1377 W/10 01/11 -MOj 0191f 27/10 28/10 gZft nCIAHDA ISSSN 28/10 28/10 HCWNWI <323 05/11 00/11 PACPANDA ISO9N 29/10 29/10 gg -SU34! 2112 25Z15 JfiZl4_ !m u/ii 7/ PAC PANDA 159B! 30/10 3]/]o_ Pt(MU 4193
      562 words
    • 413 30 BSA x MYANMA ffl FIVE STAR UNE (Myomar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 348W SU> PAGAN 349W SU) IN MALAYSIA: ROUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****3 M PEN: 04-2t33SIS A""* ACCEPTING CONVENTIONAL CSO VESSEI VOY HKG SIN PGU PKI KUC RAJNROW JOY i 22/10
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  • PROPERTY
    • 355 32  -  But increase barely compares with 1996 property peak, says JLL By ARTHUR SIM PROCEEDS from land sales by the Singapore Land Authority (SLA) have risen steadily since 2002. For the financial year 2004/2005, this came to almost $1.9 billion, up from
      355 words
    • 261 32 Bloomberg IHONG KONG] Mandarin Oriental International Ltd, the luxury hotel arm of Jardine Matheson Holdings Ltd, will spend US$l4O million refurbishing its flagship Hong Kong property, the company said in a London Stock Exchange statement. The company will renovate the Mandarin Oriental in a
      Bloomberg  -  261 words
    • 385 32 THE Telok Ayer area of Chinatown was taken off the Urban Redevelopment Authority's (URA) historic districts list on Sept 26, and already there have been two lots of shophouses up for sale. Farlier this month, a block of eight conservation shophouses with a
      385 words
    • 262 32 BOVIS Lend Lease announced yesterday that it has won a $23 million contract for the design and construction of the extension to the Centrepoint shopping mall on Orchard Road. The extension, which is slated to be completed in the fourth quarter of next
      262 words
  • Page 32 Advertisements
    • 233 32 Prime Freehold Site for Landed Houses at Old Holland Road Tufa* Land 87,087 sf, Residential Provisional Planning Permission previously Bukit Timah Road granted for cluster housing (32 semi-ds and u v* ■2*? 3 bungalows) 1 J Potential for "O <t ffi < 28 conventional semi-ds; or Subject Site O 42
      233 words
    • 164 32 4 Buildings One single-storey, building Tenure :60 years w.e.f. 1969 One 2-storey building No Ground Rent Two 3-storey buildings Ful| y Air-Conditioned Land Area 261,400 sq ft Ample Car Parking lots CFA 304,700 sq ft Within Toa Payoh Housing Estate For enquiries, please contact: |E5Fj Debenhom S (■■Tie Leung IHI
      164 words
    • 166 32 Building Joo Chiat Place 5-sty residential bldg K Brand new,freehold M '"l 3 b/rm- size 1,024 Mu _j itmdA 4 b/rm-size 2,260 1. Served by I lift Carpark lots Carol 9688 9668 within compound Alison 9188 9908 OFFICE SPACE AT THE HEEREN 260 ORCHARD ROAD -1,600 sq ft to 4,100
      166 words