The Business Times, 5 November 2005

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL26526
Total Pages: 20
1 20 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents MICA (P) 089W3/2005 November 5-6. 2005 online at hrtp Isusiness-times-asKTI .om sg
    19 words
  • Article, Illustration
    Lock icon Marina Bay IR land price fixed at $1.2b
    813 1  -  Analysts welcome govt move that will make bidders focus on quality and design concepts By ARTHUR SIM, DANIEL BUENAS [SINGAPORE! The government surprised the property market yesterday by fixing the price of the land for the Marina Bay integrated resort (IR). And
    YEN MENG JIIN  -  813 words
  • Article
    Lock icon Chartered employee slapped with 15 charges of corruption
    314 1  -  He allegedly took $1.2m in bribes over five years By WONG WEI KONG [SINGAPORE] An employee of chip maker Chartered Semiconductor Manufacturing was charged with corruption yesterday for allegedly taking $1.2 million in bribes over five years. Lo Keng Foo, 45, was
    314 words
  • Article
    Lock icon MARKETS DIGEST
    133 1 STI 2,266.52 (+10.98) ST INDEX FUTURES 2,266.00 (+11.00) siMsa 268.01 (+0.99) SIMSCI FUTURES 266.90 (-0.30) MARKETS Friday Change KISECOMP dosed NIKKEI 225 14,075.% +181.18 HANG SENG 14,585.79 -15.80 SET INDEX 706.23 +1.44 JAKARTA COMP Closed MANILA COMP Closed SEOUL COMP 1,221.98 +4.01 SHENZHEN B 192.84 +1.95 MUMBAIIND Closed
    133 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Oil prices may slide to US$40: BP chief
      587 2  -  Current levels of US$60 a barrel are unsustainably high, he says By ANGELA TAN [SINGAPORE] Current crude oil prices of US$6O a barrel are unsustainable and may sink to around US$4O a barrel on increased supplies and alternative energy sources, oil giant
      YEN MENG JIIN  -  587 words
    • Article
      Lock icon Key specifications
      554 2 A summary of the main specifications for the integrated resort at Marina Bay The IR at Marina Bay is envisaged to be modern and contemporary in style, incorporating an external architectural treatment that is appropriate to its prime downtown location and complementary to the modern image of Singapore
      554 words
    • Article, Illustration
      Lock icon Landmark attraction part of new specs for Marina IR
      562 2  -  By DANIEL BUENAS [SINGAPORE] The government yesterday revealed for the first time what the Marina Bay integrated resort (IR) could look like, and announced new specifications that bidders will have to adhere to for the request for proposals (RFP) due to
      562 words
    • Article, Illustration
      Lock icon The globalist quiz
      400 2 Source: The Glob Riling up in Mexico Americans are up in arms about the ever-rising price of fuel at the gas pump. Even before hurricanes Katrina and Rita struck the Gulf Coast the average price they paid was about US$2.6O per gallon (US$O.6B per litre). Surely gas
      Source: The Glob  -  400 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      491 2 Citiraya creditors get 3 weeks to mull debt plan A PETITION to wind up the insolvent Citiraya Industries has been postponed for three weeks, as main creditor DBS Bank seeks more time to digest preliminary terms of a debt repayment proposal Citiraya has just submitted. All other actions
      491 words
Page thumbnail Page 3
  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon On the wings of song
      1578 3  -  PARVATHI NAYAR meets Anthony Drewe, Olivier-award winning playwright who also wrote new songs for the smash West End hit Mary Poppins PARVATHI NAYAR BRITISH playwright and lyricist Anthony Drewe is flying high, thanks to a very popular, evergreen lady who gets airborne with an umbrella.
      PHOTOS BY CHRIS LOH  -  1,578 words
    • Article, Illustration
      Lock icon The Twist that brought him to S'pore
      484 3 IN 1997, the Raffles Hotel asked Singapore Repertory Theatre (SRT) to come up with something theatrical to celebrate their 110 th anniversary. And how better to celebrate than with murder? Well, a light-hearted murder mystery musical, to be forensically accurate. Anthony Drewe was
      484 words
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      81 3 II t It The Raffles Conversation is brought to you 1 I through a special arrangement with Raffles 1 T| International Hotels and Resorts. The Traveller's M I 1 P a l m Raffles International logo is an apt tviTrDXTATiAKTA t symbol. Not only has water stored at the base
      81 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      Lock icon Citiraya creditors get three weeks to consider debt plan
      687 4  -  New scheme will give them a return of 34.6% more than liquidation value By MICHELLE QUAH A PETITION to wind up beleaguered Citiraya Industries was adjourned yesterday by the High Court for three weeks after the company's creditors asked for the
      687 words
    • Article, Illustration
      Lock icon SembCorp, KepLand sell out of Bintan Lagoon Resort
      483 4  -  By UMA SHANKARI SEMBCORP Industries and Keppel Land issued separate statements yesterday saying they have disposed of their shareholdings in PT Bintan Lagoon Resort. PT Bintan Lagoon Resort, the Indonesian subsidiary of Singapore-based Bintan Lagoon Resort Ltd (BLR), was sold to repay
      FILE PHOTO  -  483 words
    • Article, Illustration
      Lock icon Good tidings from Wall St spark STI rebound
      475 4  -  STOCKS R SIVANITHY Senior Correspondent AS oversold bounces go, it was certainly powerful as well as unexpected. The Straits Times Index had lost exactly 100 points in the four weeks spanning Sept 28Oct 28 but has since regained 74 points in just
      475 words
    • Article
      Lock icon Gokongwei's UIC offer unfair: Merrill Lynch
      504 4  -  By LESLIE YEE THE offer by Filipino tycoon John Gokongwei's Summit Top Investments for United Industrial Corporation (UIC) "is not fair from a financial point of view", says Merrill Lynch, independent financial adviser to the independent directors of UIC. It added that shareholders wanting
      504 words
    • Article
      Lock icon SP AusNet to raise $2.05b from IPO of stapled securities
      529 4  -  Primary listing on Australian Stock Exchange, concurrent secondary listing on SGX By LESLIE YEE STATE-OWNED Singapore Power is looking to raise up to $2.05 billion from an initial public offering of stapled securities in its wholly-pwned Australian subsidiary SP AusNet.
      529 words
    • Article, Illustration
      Lock icon CAO keeps tight lid on new investor
      493 4  -  By ANGELA TAN SINGAPORE'S Temasek Holdings may well turn out to be the white knight for China Aviation Oil (CAO). But Gu Yanfei head of the special task force overseeing the troubled company is keeping things close to her chest, preferring to proceed
      FILE PHOTO  -  493 words
    • Article, Illustration
      Lock icon Venture's Q3 profit rises 22%
      388 5  -  CORPORATE RESULTS Earnings at $51.5m; lift from medical and automotive businesses By LEE KIM SIANG VENTURE Corp, Singapore's second-largest contract electronics maker, yesterday announced a 22 per cent increase in thirdquarter net profit, boosted by higher sales at its medical and automotive businesses. Net profit
      388 words
    • Article
      Lock icon MIIF reports strong quarterly results
      291 5 MACQUARIE International Infrastructure Fund (MIIF) yesterday reported net income of $32.3 million for the quarter ended Sept 30, exceeding the forecast of $29 million in its listing prospectus. The fund said distribution and investment income from its underlying portfolio was $35.5 million, which was at
      291 words
    • Article, Illustration
      Lock icon North Asian demand boosts SembLog sales
      325 5  -  By DONALD URQUHART SURGING demand in North Asia for supply chain management services led to a 26 per cent rise in SembCorp Logistics' third-quarter turnover. But profit was lower year-on-year after the sale of its stake in a Swiss logistics company last year. Turnover
      FILE PHOTO  -  325 words
    • Article
      Lock icon Global Active stays in the red despite higher sales
      336 5  -  By CONRAD TAN HEALTH supplement retailer Global Active (GAL) remains in the red despite improving sales. The mainboard-listed company, which sells nutritional supplements through the US-based General Nutrition Centre (GNC) brand, yesterday reported a $641,000 net loss for the six months
      336 words
    • COMPANY BRIEFS
      • Article
        Lock icon Hong Leong Asia unit gets new chairman
        174 5 HONG Leong Asia (HLA) said yesterday that Yan Ping will replace Wang Jianming as a director and chairman of the board of Guangxi Yuchai Machinery Company, the principal operating subsidiary of China Yuchai International (CYI), a New York-listed subsidiary of HLA. On Oct
        174 words
      • Article
        Lock icon Mentor Media's profit rises 36% to $6m in Q2
        112 5 MENTOR Media said yesterday growth in group revenue resulted in a 36 per cent increase in net profit to $6.1 million for its second financial quarter ended September 2005. For the first six months of FY2006, net profit grew 41 per
        112 words
      • Article
        Lock icon Sunningdale's Q1 earnings down 33%, turnover up 45%
        126 5 MAINBOARD-LISTED precision plastics components manufacturer Sunningdale Tech reported a 44.5 per cent rise in turnover to $115.7 million for its first financial quarter ended Sept 30. Growth was seen across all business segments. Net profit, however, decreased by 32.8 per cent to
        126 words
      • Article
        Lock icon Printing paper boosts China Paper's Q3 revenue
        73 5 PAPER manufacturer China Paper Holdings said net profit grew 50.8 per cent to RMB 44.1 million (559.3 million), as revenue rose 17.8 per cent to RMB 193 million in its third quarter ended Sept 30. The company said revenue growth was due to
        73 words
      • Article
        Lock icon Declines in AirOcean's H1 profit and turnover
        113 5 AIROCEAN Group, an integrated air, sea and land cargo logistics group, reported a first-half net profit of $2.5 million on turnover of $245.4 million. Compared to the period a year ago, turnover and net profit in the HI ended September 2005 fell by
        113 words
    • Article
      Lock icon Stats jumps 6.4% on plans to target the LCD market
      268 5 Bloomberg SHARES of Stats Chippac, the world's third-largest provider of chip testing and packaging services, had their biggest gain in seven weeks after the company said it will start a plant targeting the liquid-crystal display market. The stock climbed 6.4
      Bloomberg  -  268 words
    • Article
      Lock icon SIA, Boeing sign maintenance pact
      117 5 AFP SINGAPORE Airlines (SIA) said yesterday it has signed a contract with Boeing covering the maintenance requirements of its fleet of Boeing 747-400 and 777 planes. "With this agreement, Singapore Airlines expects to correct potential technical problems before they cause service disruptions while ensuring efficient
      AFP  -  117 words
    • Article
      Lock icon S'pore five-year bonds plunge as stocks climb
      341 5 Bloomberg SINGAPORE'S five-year bonds fell yesterday, the biggest fluctuation of any government debt market as a rally in stocks made fixedincome securities less attractive. Bonds had their steepest slide in more than a year, pushing yields to their highest since December 2003. The
      Bloomberg  -  341 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      24 5 Bangkok's M()si IK\clopmcm Freehold Sukhumvit Area 5 mins to BTS Emporium For Sales Enquiry, Please Call 9815 1057 (Jenny Ong) bmail ongjcn@singnet com sg
      24 words
Page thumbnail Page 6
  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      928 6  -  Compiled by UMA SHANKARI i OCBC Bank I Nov 4 dose: $6.30 t KIM ENG RESEARCH, Nov 4 WE expect OCBC to report Q3 net profit of $315 million, up from $304 million in Q2. The results will be announced on Nov 9. Operating profit will be higher
      Source: Bloomberg  -  928 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1079 6 For week beginning Oct 31 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial Buy No of Prico SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr S ('000) C000) C20 2 Nov 05 Peng Siew Hong Buy 100 0.11 3480 3.94 3580 4.06 C20 2
      1,079 words
    • Article, Illustration
      Lock icon Investors must look to core US inflation
      711 6  -  The risk for 2006 is that the combined effects of higher energy prices and a weaker housing market may potentially lead to a slowdown in US consumer spending growth By TONY DOLPHIN IN recent years the US economy has experienced healthy output growth
      AFP  -  711 words
  • Page 6 Advertisements
Page thumbnail Page 7
  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon OVER BERNANKE
      2715 7 OVERVIEW THE Greenspan era at the US Federal Reserve is drawing to a close and it has been one of what might be called "controlled turbulence". Crises erupted in Asia, Russia, Latin America and elsewhere but their impact was mitigated so far as global financial markets were concerned
      2,715 words
Page thumbnail Page 8
  • SINGAPORE NEWS
    • Article
      Lock icon Fixed-rate home loan packages draw borrowers
      419 8  -  This follows higher interbank rates and interest hikes by mortgage players By LESLIE YEE Borrowers are increasingly taking fixed-rate packages to protect against rising mortgage rates, amid a continued rise in interbank rates and announcements of higher rates by more mortgage players. Hong Leong
      419 words
    • Article, Illustration
      Lock icon Armani to tie up with Beng Seng, Christina
      345 8  -  By UMA SHANKARI ITALIAN fashion house Giorgio Armani has entered into an agreement to create a joint venture with Singaporean investors Christina Ong and her husband, prominent hotelier Ong Beng Seng, to boost sales growth of its relatively cheaper A/X Armani Exchange
      345 words
    • Article, Illustration
      Lock icon ChildAid secures $120,000 from first four sponsors
      334 8 CHILDAID, a concert showcasing Singapore's young musical talent and seeking to raise $300,000 for the Straits Times School Pocket Money Fund and the Business Times Budding Artist Fund, has secured its first four corporate sponsors for a total of $120,000. The sponsors are
      334 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5239 8 UNIT TRUSTS FUNDS CitiBond Spore K/% 1.28V Crti Bond S pore B/$ 1.336/ ARM imrn A««t MM IV>mI Citi Money SGD Class A 1.032)/ nnai/ Cm Money Sing Dollar Class B 1.861/ «fSSSE n! Cit Pan Europe Equity Fund Utl 'i ,j« CitiSelect Asia Tilt Balanced 1.44/ sS MiiS CitiSelect
      5,239 words
    • Article, Illustration
      Lock icon Glaxosmithkline breaks ground for R&D plant
      367 9  -  Tuas facility makes S'pore part of firm's drug development process By CHEN HUIFEN GLAXOSMITHKLINE (GSK) yesterday broke ground for a $115 million R&D pilot plant in Singapore, which will help the drug giant gear up for a slew of new products. The new plant,
      367 words
    • Article
      Lock icon ACE maps out four-pronged development strategy
      227 9 ENTREPRENEURSHIP Aim is to build community of budding businessmen THE Action Committee for Entrepreneurship (ACE) has decided on a fourpronged strategy to build a self-sus-taining community of budding businessmen, Second Minister for Trade and Industry and ACE leader Vivian Balakrishnan said last night. The
      227 words
    • Article, Illustration
      Lock icon Govt will continue to support SMEs, says Hng Kiang
      342 9 ENTREPRENEURS are sources of innovation and "a key component of a vibrant enterprise eco-sys-tem that is self-sustaining and self-renewing", Minister for Trade and Industry Lim Hng Kiang said yesterday. He was speaking at the Association for Small and Medium Enterprises' (ASME)
      ARTHUR LEE  -  342 words
    • Article
      Lock icon Airbus 380's test flight to S'pore delayed
      384 9  -  By VEN SREENIVASAN THE giant Airbus 380 plane that was due to fly into Singapore on Tuesday will be delayed because of engine problems. After one of its four Rolls-Royce Trent 900 engines was replaced last week due to overheating, Rolls-Royce decided "as
      384 words
    • Article
      Lock icon Healthcare vital to job creation, says Eng Hen
      338 9  -  By CHEN HUIFEN MANPOWER Minister Ng Eng Hen yesterday urged healthcare workers to help grow the sector further to boost Singapore's economy and job creation. "Your healthcare sector is a growth sector and can provide meaningful and well-paying careers for Singaporeans," he
      338 words
    • Article
      Lock icon Harnessing Yunnan herbal remedies
      219 9  -  By OH BOON PING CHINESE medical research here will get a boost from a planned new research institute that aims to harvest herbal remedies from China's Yunnan province. The institute will focus primarily on joint research with the Chinese in a bid to tap Yunnan's biomedical
      219 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      38 8 PIMCO Total Return Bond Fund Winner of the Morningstar Asia Fund Manager of the Year 2004 AlliailZ (jfi) I for North America Fixed Income and rated 5-star by Mercer Investment Consulting. Global investors I company regn. no *****7169Z
      38 words
Page thumbnail Page 9
Page thumbnail Page 10
  • MALAYSIA
    • Article
      Lock icon Fortunes of KEB, Talam take a turn for the worse
      861 10 Lifeline in the form of IJM's plan to buy 25% equity interest twice delayed [KUALA LUMPUR] Listed companies Kumpulan Europlus Bhd (KEB) and its 47 per cent unit, Talam Corp Bhd, have definitely seen better times and their fortunes have
      861 words
    • Article
      Lock icon M'sian university defends headscarf requirement
      205 10 AFP [KUALA LUMPUR] A Malaysian university on Monday defended its decision to compel non-Muslim women to wear headscarves at graduation ceremonies, after drawing criticism from student leaders and civil society groups. "lIU will stand by its decision. We will not change it," International Islamic University
      AFP  -  205 words
    • Article
      Lock icon 59,000 M'sian grads jobless: poll
      220 10 (KUALA LUMPURI A government survey has revealed over 59,000 Malaysian graduates are unemployed, many of who cannot get jobs because of their lack of experience and poor English and communication skills, a report said on Thursday. The study by the country's Economic Planning Unit in
      220 words
    • Article
      Lock icon SGX MAINBOARD
      7956 10 Transaction date: Nov 4 52-Wk Tal Last Vol Day Last Quote GrtMv Mv GrVM Net MCap High Low Code Company Sate C000) High Low »uyr Saltar Cvr rn jam 7.5 2 5716 1st Software St 2.5 -0.5 310 2.5 2.5 2.5 3 10.1 23.5 6 3143 8TelecomUS2c 7.5
      7,956 words
Page thumbnail Page 11
  • INDONESIA
    • Article, Illustration
      Lock icon Mandiri in talks with APP to buy pulp mill
      450 11 Mill is at the centre of dispute between JPMorgan and Unifiber [JAKARTA/HONG KONG] Bank Mandiri, Indonesia's biggest lender, has begun talks with the family behind the US$l4 billion Asia Pulp and Paper (APP) default and other potential investors over buying a
      FILE PHOTO  -  450 words
    • Article
      Lock icon SGX
      6751 11 Transaction Date: Nov 4 MOST ACTIVE STOCKS VOLUME VALUE Global Voice 5c 50.634.000 DBS Grp 121.085.071 Landwind 1c 47.558.000 Capita Land 86.825.610 China Sun HK25c 32.203.000 Keppel Corp 50c 75.424.383 STATSChP 25c 31.682.000 SingTel 15c 48.744.486 CapitaLand 25.999.000 SPH 20c 47.197.400 Biosensors US0.01C 22.045.000 UOB 42.158.786 SingTel 15c 20.478.000
      6,751 words
Page thumbnail Page 12
  • GREATER CHINA
    • Article
      Lock icon US-listed China firms easy prey for class action suits
      503 12 Among those most at risk are outfits with weak internal controls [SHANGHAI] Lawyers from the US armed with class actions are targeting US-listed Chinese firms largely unused to this type of litigation, forcing them to prepare court 4efences, two lawyers were
      503 words
    • Article
      Lock icon Four insurers secure approval to invest overseas
      385 12 AFP [SHANGHAI] Four major Chinese insurers have won approval to invest their burgeoning forex coffers overseas as part of Beijing's plans to broaden investment channels for its corporations, state press reported yesterday. They include China Life Insurance (Group) Co and Ping An Insurance
      AFP  -  385 words
    • Article, Illustration
      Lock icon China to be top tourist spot by 2017: official
      406 12 It may see 137m visitors, three years ahead of forecasts Xinhua [NINGBO] China will become the No 1 tourist destination in the world in 2017, three years earlier than the forecast by the World Tourism Organisation (WTO), according to a Chinese
      Xinhua; AFP  -  406 words
    • Article
      Lock icon US investors excited yet wary of China start-ups
      422 12 NYT [SAN FRANCISCO] When Joe Schoendorf, a Silicon Valley venture capitalist, was in Shanghai a few years ago to hear a pitch from a Chinese start-up company, he sensed something familiar. He interrupted the meeting, walked to the window and pulled back
      NYT  -  422 words
    • Article
      Lock icon EU may impose tariffs on China shoes: paper
      277 12 AFP [BEIJING] The European Union (EU) is preparing new anti-dumping tariffs on China's leather and reinforced shoes in a bid to control the country's booming exports, the Financial Times reported yesterday. Following an investigation that found Chinese exporters were dumping footwear selling
      AFP  -  277 words
    • Article
      Lock icon Economy can take more flexible yuan: bank governor
      331 12 Bloomberg IBEIJING] China's low-cost labour and the growing role of private companies give the economy the flexibility needed to deal with a more freely traded currency and higher oil prices, central bank governor Zhou Xiaochuan said. China has a "very large pool"
      Bloomberg  -  331 words
    • Article
      Lock icon China plans to move up value chain
      384 12 It needs to step up technological innovation: official Reuters [BEIJING] China needs to move up the global value chain by stepping up technological innovation because the current economic growth model is unstainable, the country's development chief was quoted yesterday as saying. "Currently, China's
      Reuters  -  384 words
Page thumbnail Page 13
  • INDIA
    • Article, Illustration
      Lock icon Bangalore may be getting dose of own medicine
      719 13 Analysts see lower-end software coding or back-office work going to other Indian cities Reuters THERE'S a punchline going around in India's high-tech capital: Bangalore may be Bangalored. "Bangalored", a word invented in the US to describe those whose jobs were lost because
      Reuters; AFP  -  719 words
    • Article, Illustration
      Lock icon Indian authors bookmarked in European market
      833 13 Works translated to French, German, Spanish, Dutch Reuters [NEW DELHI] The Empire Writes Back. That's what the world said when a host of Indian authors writing in English burst upon the global literary scene more than a decade ago. Now, the Indian literary empire
      Reuters  -  833 words
    • Article
      Lock icon Indian oil refinery goes ahead with new plant
      312 13 Bloomberg [NEW DELHI] Bharat Petroleum Corp, India's thirdlargest state-run refiner, secured the board's approval to invest in a new refinery it plans to build in central India. The board approved an investment of 19.96 billion rupees (*****.6 million) for the project, the
      Bloomberg  -  312 words
    • Article
      Lock icon Inflation slackens after two months
      500 13 Wholesale prices up a slower 4.49% in the week to Oct 22 Bloomberg [NEW DELHI] India's inflation rate slowed for the first week in eight as prices of fruits and vegetables fell, the Ministry of Commerce and Industry said. Wholesale prices rose 4.49 per cent
      Bloomberg  -  500 words
    • Article
      Lock icon Maxim to roll out Indian edition next month
      447 13 [NEW DELHI] Maxim, the UK-based men's magazine, is to launch a local edition in India in December, reflecting a steep rise in disposable income in the country as well as its growing consumer culture, the Financial Times reported recently. With an eye
      447 words
Page thumbnail Page 14
  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Dizzying day for Tokyo financial markets
      546 14  -  Nikkei index soars beyond 14,000, bond prices dive, yen hits two-year low By ANTHONY ROWLEY in Tokyo TURBULENCE was the order of the day in Tokyo financial markets yesterday as the Nikkei 225 stock average broke above the 14,000 level for the first time
      Source: Bloomberg  -  546 words
    • Article, Illustration
      Lock icon DESTINATION DURBAN
      332 14 Round-the-World Yacht Race. Leg 2, Race 3, Day 10 UNIQUELY Singapore continued to firm up its number two position in the fleet, coming to just within 20 miles of the Westernaustralia as the 4,500 mile Salvador to Durban leg of the Round the World Yacht Race entered its
      332 words
    • WORLD WATCH
      • Article
        Lock icon BA pre-tax profit down 18% in Q2
        98 14 AFP [LONDON] British Airways yesterday announced a near 18 per cent fall in pre-tax profit in its second quarter, adding that a recent catering dispute and subsequent strike action by workers would cost the group up to £45 million (Ssl 34.7 million). BA
        AFP  -  98 words
      • Article
        Lock icon Another bird flu outbreak in China
        75 14 Reuters [BEIJING] China yesterday reported an outbreak of the deadly HSNI strain of bird flu in its north-east province of Liaoning, the fourth outbreak in the country in a month. The outbreak had hit domestic and wild birds, an official at the Agriculture Ministry
        Reuters  -  75 words
      • Article
        Lock icon Toyota H1 profit dips 2%
        125 14 AFP [TOKYO] Toyota Motor, the world's No 2 automaker, yesterday reported the first drop in interim net profit for four years as it spent heavily on factories to meet soaring sales which hit a new record. Toyota said net profit dipped 2.3 per cent in
        AFP  -  125 words
      • Article
        Lock icon Siemens wins China train deal
        89 14 AFP [FRANKFURT] German engineering giant Siemens has won a contract worth more than 1.3 billion euros (552.6 billion) to supply 60 high-speed ICE trains to China, the business daily Handelsblatt reported yesterday. The deal was set to be finalised during a visit to Germany by
        AFP  -  89 words
      • Article
        Lock icon Merrill cuts Morgan Stanley rating
        97 14 Reuters [NEW YORK] Investment bank Merrill Lynch yesterday said it had cut its rating of rival Morgan Stanley to "neutral" from "buy" as the Wall Street firm was facing too many headwinds. Merrill Lynch said Morgan Stanley's franchise value was solid but the pace of
        Reuters  -  97 words
      • Article
        Lock icon Financial Times editor quits
        87 14 AP [LONDON] Financial Times publisher Pearson pic said on Thursday that the newspaper's editor Andrew Gowers has resigned due to "strategic differences" between him and the publisher. Pearson said that Lionel Barber, the paper's US managing editor, will take over from Mr Gowers with immediate effect.
        AP  -  87 words
      • Article
        Lock icon Microsoft-British Library deal
        61 14 AFP [LONDON] US software kingpin Microsoft has forged a "strategic partnership" to digitise 25 million pages of content from the British Library in London, the Financial Times reported yesterday. Microsoft is to invest £2.5 million in the venture next year as "an initial investment" in a project
        AFP  -  61 words
      • Article
        Lock icon A seventh bidder for Refco unit
        56 14 Reuters [NEW YOBK] Another bidder for Refco Inc's futures business emerged on Thursday, joining at least six other possible buyers a day before formal offers are due for the bankrupt US brokerage's assets. Alaron, a Chicago futures and options broker, said it would bid
        Reuters  -  56 words
    • Article, Illustration
      Lock icon Cutting budget deficit a top priority, says Snow
      470 14 China urged to widen yuan's trading band [WASHINGTON] The Bush administration's highest economic priority for its remaining three years is to control the growth of federal spending and bring down the US budget deficit, the Financial Times quoted John Snow, US Treasury
      470 words
    • Article
      Lock icon Thailand to form Temasek-style firm
      191 14 [BANGKOK] Shareholdings in 22 top performing state enterprises will be grouped together by the Finance Ministry and managed under a new state-owned "super-holding company" modelled after Singapore's Temasek Holdings, says The Bangkok Post. Deputy Finance Minister Chaiyos Sasomsup said the national holding company would streamline
      191 words
    • Article, Illustration
      Lock icon Citigroup hires Wolfensohn as strategy adviser
      353 14 NYT [NEW YORK] The world's biggest bank is hiring the former chief of the World Bank. Citigroup said on Thursday that James Wolfensohn, 71, who left as president of the World Bank last spring after 10 years at the helm, would serve as a
      NYT; AFP  -  353 words
    • Article
      Lock icon US jobs growth weaker than expected
      371 14 LATEST US DATA Reuters [WASHINGTON] A smaller-than-expected 56,000 new US jobs were created in October despite the fading impact of Hurricane Katrina, while total job growth over the two previous months was revised lower, a government report yesterday showed. The report buoyed prices for
      Reuters  -  371 words
Page thumbnail Page 15
  • MOTORING
    • Article, Illustration
      Lock icon A Gran entrance
      566 15  -  The latest version of Opel Astra is the prettiest of them all, says SAMUEL EE SAMUEL EE ITS transformation from ugly duckling to beautiful swan in just one generation is wellknown by now. But the latest variant of the remarkable Opel Astra still manages to surprise by
      566 words
    • Article, Illustration
      Lock icon Nissan's latest stunner
      430 15  -  By SAMUEL EE WHO wants to buy a luxury SUV these days? Quite a lot of people, it seems. The recently launched Nissan Murano sport-utility vehicle has been scrabbling up the sales charts. Authorised distributor Tan Chong Motor Sales is coy about the numbers, but does admit
      430 words
    • Article, Illustration
      Lock icon A school for safe driving
      536 15  -  Reports by SAMUEL EE THE Mobilitas logo may look like an amorphous collection of blobs, but its three orange circles actually have deep significance. Representing people, cars and the traffic environment, they symbolise Toyota's vision of a richer automobile society in which people drive more
      536 words
    • Article
      Lock icon Fuji Speedway vies for F1 action
      478 15 FUJI Speedway is eyeing the Japanese leg of the Formula One championship and has invested US$2OO million so far in a bid to replace Suzuka as host of the Japan Grand Prix. Fuji was the original host of the Formula One race back in
      478 words
Page thumbnail Page 16
  • GOLF
    • Article, Illustration
      Lock icon The Asian green wave
      1159 16  -  The message that the Asian Tour sends out is the Asians are coming, reports GEOFFREY EU GEOFFREY EU THE old adage that size (or in this case, length) isn't everything is especially true in golf, but that hasn't prevented the latest stop on the Asian Tour
      OCTAGON, AFP, AP  -  1,159 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      832 16 wine&dine with weekendBT Azuma Japanese Restaurant birthdays, registration of marriages or baby's full-month Mirchi-Taste of India Plaza Market Cafe #03-01 Cuppage Plaza. Tel 6738 9395 celebrations, you get a 10 per cent discount Price: Esplanade Mail #02-23, TeL 6384 5590 Level 2, Raffles The Plaza. Tel: *****156 Relax with a
      832 words
Page thumbnail Page 17
  • WELLNESS
    • Article, Illustration
      Lock icon NEW HOPE FOR THE BALDING
      735 17  -  CHEAH UI-HOON learns about the follicle unit extraction method of hair transplant CHEAH UI-HOON THE latest procedure in hair transplants today involves moving individual units of hair to the balding area, without having to harvest a whole strip which leaves a possible thin scar line.
      PHOTO: TNP  -  735 words
    • Article, Illustration
      Lock icon Sometimes, your nails can bite back
      1124 17  -  Nail cosmetics are all the rage but serious problems can surface when nail products cause allergic reactions, warns JANE BRODY JANE BRODY NYT YOU don't have to look far at the hands (and feet) of women in all walks of life, at the displays
      NYT; FILE PHOTOS  -  1,124 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      26 17 >y K T-'W Sfgg cpORF fvL CARD Keep your Investors informed by advertising your financial resufts in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      26 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      335 17 CRYPTIC CROSSWORD Arpncc 6 Lady stopped short before taking one to this sainted Ca--1 Legal scholar takes one com- ~bbean island (5) a 2, There isn't any sense in berng 4 Suggesting lam making regu- ,-,v 3 lar journeys over a route (8) 10 Was good at drawing (9) BUS
      335 words
Page thumbnail Page 18
  • SHOPPING
    • Article, Illustration
      Lock icon Tips for shopaholics
      1269 18  -  For those who live to shop, guide books can come in handy. CORINNE KERK looks at some CORINNE KERK SHOPPING, it must be said, is serious business. From rummaging for the best bargains during a sale to being the first to view exclusive collections from designer labels,
      PHOTOS BY CHRIS LOH  -  1,269 words
    • IN STORE at the malls
      • Article, Illustration
        Lock icon Easy hair grooming
        93 18 PHILIPS has just launched an improved, no-oiling-needed hair clipper. The QC5090 boasts a set of self-sharpening, wave-shaped steel blades that renders a more precise and even trim. If that's not enough, its Results Indicator provides accurate feedback on the length you intend to cut. The adjustable contour
        93 words
      • Article, Illustration
        Lock icon Connecting with style
        86 18 JUST how stylish can mobile phones get? Look no further than Nokia's collection of three trend-inspired mobile phones (from left), the Nokia 7360, 7370 and 7380. Each model in the L'Amour Collection is designed to lure the style-conscious mobile phone user with a mix of cultural and
        86 words
      • Article, Illustration
        Lock icon Look Ma, no wire
        175 18  -  Compiled by MIKE CHUA, CORINNE KERK SO you enjoy the v benefits of a standard Jr headphone but are miffed with the messy wire that comes with it. Enter the Blueband bluetooth stereo headphone ($149), which allows you to listen to music and other audio programmes
        175 words
Page thumbnail Page 19
  • TRAVEL
    • Article, Illustration
      Lock icon Discovering Tsukiji
      1299 19  -  JAIME EE offers some tips on how to navigate the Bermuda Triangle of Tokyo's Tsukiji fish market JAIME EE I'VE had my fair share of harrowing experiences while overseas losing plane tickets; trying to get service from a French air stewardess; walking aimlessly down streets that lead everywhere
      BLOOMBERG  -  1,299 words
    • Article, Illustration
      Lock icon Conrad means comfort, convenience
      637 19  -  By JAIME EE EVEN if you have a limitless expense account, the easiest way to get around Tokyo is still the subway. And while many of its top-class hotels may not trumpet its proximity to a subway station. believe me, that is one of the most
      637 words
Page thumbnail Page 20
  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Tokyo: a foodie's haven
      2102 20  -  The capital offers a bewildering variety of eating places for the lover of Japanese cuisine, JAIME EE discovers JAIME EE IN ONE of the many little side streets in Shinjuku, Tokyo, if you are willing to eat standing up, you can have sushi at just 75
      2,102 words
  • Page 20 Advertisements