The Business Times, 15 September 2006

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Total Pages: 33
1 34 The Business Times
  • 25 1 THE BUSINESS TIMES N N«VIR A SINGAPORE 85 cents online at http://business-times.asial.coni.sg JT A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Friday, September 15,2006 mmmmmmmmimmmmmmmmmmmmmmmmmmm
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  • 797 1  - IMF hikes global growth forecast to 5.1 But its chief economist warns that medium-term risks may affect world economic health By ANNA TEO [SINGAPORE] The International Monetary Fund is now more sanguine about global growth in 2006 and 2007 than it was five months ago. But too little is being
    797 words
  • 707 1  -  By UMA SHANKARI, KALPANA RASHIWALA [SINGAPORE] The next wave of collective sales could well come from commercial properties strata-titled office buildings and shopping centres. BT understands that three office buildings in the Central Business District (CBD) could be headed for
    707 words
  • 134 1 STI 2,518.97 (+10.94) ST INDEX FUTURES 2.520.00 (+11.00) SIMSCI 300.84 (+1.24) SIMSCI FUTURES 302.70 (+1.20) MARKETS Thursday Chang* KLSE COMP 953.82 -0.43 NIKKEI 225 15,942.39 +192.34 HANG SENG 17.183.45 -26.59 SET IN06X 701.97 >3.78 JAKARTA COMP 1.461,29 +10.21 MANILA COMP 2,406.48 +27JJ5 SEOUL COMP 1.358.75 >25.62 SHENZHEN B
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    • 93 1 fIMV WKBttim ■liiMl A> l i i'ti ■ttllfyAW ifawliMmiuiiiMl j fIHHIIIIHfIiMMIIfIHHUHHI^H |Hu I i w^ AP Keeping watch: Police officers guarding a venue of the annual meeting of the IMF and World Bank SINGAPORE 2006 Commentary: When the US slows down, look to China PAGE 3 World Bank president Paul
      93 words
    • 9 1 COMPANIES SingM: No writedown for Optus investment PAGE 10
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    • 34 1 The Business Times and DBS Bank welcome IMF and World Bank delegates to Singapore 2006. 11 Complimentary copies of The Business Times are available at meeting premises and selected hotels, courtesy of DBS. ry^^s.cHQPARD
      34 words

  • TOP STORIES
    • 723 2  -  This may fuel further rises in occupancy, rents over 2-3 years By KALPANA RASHIWALA [SINGAPORE] UIC Building may be the latest ageing office block in the Central Business District (CBD) that could be headed for redevelopment. Together with a string
      YEN MENG JIIN; FILE PHOTO  -  723 words
    • 712 2 Wolfowitz defends tougher line against corrupt regimes TAKING a harder line towards lending to countries where corruption is rife will improve the quality of the World Bank's assistance, said the bank's president yesterday. Paul Wolfowitz, who took over the helm of the World Bank Group 15 months ago,
      712 words
    • 411 2  -  By MICHELLE QUAH [SINGAPORE] The Central Provident Fund Board (CPF) and computing giant IBM have settled their mul-ti-million-dollar legal spat seen by many as one of the largest IT lawsuits here in recent history. The two sides declined yesterday to reveal the terms of
      411 words
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  • SINGAPORE 2006
    • 906 3  -  SUMMIT WATCH VIKRAM KHANNA Associate Editor THE US economy is on the brink of a slowdown, and when that happens, the response of China is of pivotal im-. portance for the region. That's a key message that one should read between the
      906 words
    • 754 3  -  By VIKRAM KHANNA [SINGAPORE] Taking a harder line towards lending to countries where corruption is rife will improve the quality of the World Bank's assistance, the bank's president, Paul Wolfowitz, told BT yesterday. He defended his approach to dealing with corruption which critics
      754 words
    • 546 4  -  World Bank report finds region on sound footing but it can improve further By CHUANG PECK MING [SINGAPORE] East Asian countries particularly Singapore, Hong Kong, South Korea and Malaysia are on a sounder financial footing than they were before the 1997
      ARTHUR LEE  -  546 words
    • 443 4  -  By UMA SHANKARI [SINGAPORE] The number of "fragile" states around the world has increased sharply from 17 in 2003 to 26 this year, the World Bank said yesterday. The Bank called for more effective aid to these fragile states, which are in danger of
      FILE PHOTO  -  443 words
    • 5296 4 UNIT TRUSTS FUNDS AB Amer income BT USD 8.61/ AB Amer Income A USO 8.58/ A8 Amer Income 8 USD 8.50 Amro Asset Mgt (S port) AB Aw Income A EUR 6.7V Star Europe Eqty! 0.9W AB Amer Income B EUR 6.7V Star Europe Bond 1.18V AB Europ Income Opp
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    • 482 6  -  AT LEISURE CONRAD RAJ Senior Correspondent JOURNALISTS and other media representatives covering the International Monetary Fund/World Bank annual meetings were treated to an evening of local culinary delights as well as plenty of booze at one of the island's hottest nightspots, The Ministry of Sound at Clarke Quay.
      ARTHUR LEE  -  482 words
    • 421 6  -  By NANDE KHIN RENOWNED economist and Nobel laureate Amartya Sen last night urged government leaders to examine well the causes and possible solutions of national problems before proceeding with policies so as to achieve a good balance between market forces and governance.
      YEN MENG JIIN  -  421 words
    • 196 6 INTERNATIONAL Monetary Fund (IMF) managing director Rodrigo de Rato called on Prime Minister Lee Hsien Loong at the Istana yesterday. Mr de Rato briefed Mr Lee on the key issues that will be discussed during the IMF annual meetings, including the review
      AP  -  196 words
    • 248 6  -  By WINSTON CHAI WITH 16,000 of the world's financial leaders gathered here for the IMF-World Bank annual meetings, Singapore's financial technology companies are grabbing a great opportunity to market their businesses. Two government agencies—lnternational Enterprise (IE) Singapore and the Infocomm Development
      248 words
    • 396 6  -  By CONRAD TAN THE Singapore 2006 (*****) organising committee has issued a rebuttal to accusations by the World Bank that the Singapore government breached an agreement by blacklisting several foreign activists planning to attend its annual meeting here. The statement last night read: "The International
      396 words
    • 667 8 WORLD ECONOMIC REPORT Abrupt slowdown in the US housing market a key risk, says IMF Bloomberg. AFP [SINGAPORE] The Federal Reserve may need to raise interest rates again to temper US inflation at the same time as a housing slowdown threatens the country's
      Bloomberg.; AFP  -  667 words
    • 469 8 AP. AFP [SINGAPORE] Rising oil revenues have bolstered economic growth in the Middle East, and the outlook remains good because oil prices are expected to stay high, according to the International Monetary Fund (IMF). IMF has raised its 2007 oil price forecast
      AP.; AFP  -  469 words
    • 416 8 Reuters. AFP [SINGAPORE] The International Monetary Fund (IMF) said yesterday that the euro currency zone's central bank should probably hike interest rates again to head off inflation at a time of healthy economic growth. In its twice-yearly World Economic Outlook, the
      Reuters.; AFP  -  416 words
    • 144 8 Bloomberg [SINGAPORE] Global economies must improve on trade negotiations such as the so-called Doha Round to ensure future growth, the International Monetary Fund's (IMF) chief economist Raghuram Rajan said on Wednesday. Doha Round negotiations were suspended in July after members of the World Trade Organization
      Bloomberg  -  144 words
    • 313 8 Bloomberg. Reuters [SINGAPORE] Latin American and Caribbean economies will expand more quickly this year than previously forecast, fuelled by rising domestic spending and demand for commodities exports, the IMF said. Argentina and Venezuela will lead a 4.8 per cent expansion this year, the fund
      Bloomberg.; Reuters  -  313 words
    • 1021 9 WORLD ECONOMIC REPORT IMF raises growth forecast for 'most dynamic' region this year and next [SINGAPORE] Asia's emerging economies will grow faster than previously thought this year and next, driven by the booming expansion of China and India, the IMF said yesterday.
      BLOOMBERG  -  1,021 words
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  • COMPANY NEWS
    • 658 10  -  Response comes after research report appears to warn of possibility By SIOW LI SEN SINGAPORE Telecommunications has responded yesterday to say it is not considering a writedown for its largest investment Optus, Australia's second largest telco, a week after a negative research report
      658 words
    • 288 10 SINGAPORE Exchange Ltd (SGX) and the CIMB Group, Malaysia's second largest bank, yesterday said they will list the FTSE/Asean 40 Exchange Traded Fund (ETF) in Singapore on Thursday next week. The FTSE/Asean 40 ETF will track 40 of the biggest
      288 words
    • 639 10  -  HOCK LOCK SIEW By WONG WEI KONG JUST how much the Hong Leong Group wants loss-making Thakral Corp will be put to the test if the founding Thakral family goes ahead and makes a counter offer for the company. Thakral said on Wednesday
      639 words
    • 774 11  -  CEO's pay, leave encashment and spotter's fee questioned in preliminary report By CONRAD RAJ FORENSIC auditors Moore Stephens have uncovered a slew of apparent irregularities and issues of corporate governance at integra2ooo, the Sesdaq-listed human resources technology company that is at the centre of a
      774 words
    • 222 11  -  By ARTHUR SIM VITA Holdings, which recently branched out into coal mining and trading in Indonesia, yesterday said it will build carpark structures in China in a bid to enter the property management business in the world's fourth largest economy. It said it
      222 words
    • 245 11  -  By OH BOON PING NE HOLDINGS, which has completed its purchase of a 68.27 per cent stake in Nera Electronics Ltd (NEL), is making an offer for the remaining shares it does not own at 26 cents
      245 words
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  • SINGAPORE MARKETS
    • 538 12  -  STOCKS Plastic mould firms, Biosensors and Wilmar benefit; Keppel and Jardine group lift ST Index R SIVANITHY Senior Correspondent Broking "buy" calls continued to play a major role in the market's affairs yesterday tech stocks operating in the plastic mould segment enjoyed a
      Source: Bloomberg  -  538 words
    • 979 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Sep 14 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Pate Director Sell '000 Shr S COOP) COOP) Adampak 14-Sep-06 Tham Kim Par Sell 95 na ***** 9.72 ***** 9.66 Adampak 14-Sep-06 Tham
      979 words
    • Article, Illustration
      964 12  -  Compiled by MATTHEW PHAN China Water Treatment UOS KAY MIAN. Sept 13 THE outlook for the water treatment sector in China is very promising but given the diversity of exposure and business models, it is necessary to take a more selective approach. With its water resource constraints and
      Source: Bloomberg  -  964 words
    • 524 12  -  CURRENCIES LARRY WEE Senior Correspondent IF THERE were any doubts that carry trades still constitute an important force in currency trading, they were dealt a big blow yesterday after the New Zealand dollar exploded to sixmonth highs in Asian trading yesterday. News
      Source: Reuters  -  524 words

  • COMPANY NEWS
    • COMPANY BRIEFS
      • 65 13 IN REPLY to Singapore Exchange queries about the trading activity of its stock, Hitchins Group said that as announced on Aug 29, the company is in talks with a strategic investor for injection of funds in exchange for a stake in Hitchins. But to
        65 words
      • 53 13 EAGLE Brand Holdings said that for the second quarter ended July 31, 2006, the company's net loss increased to 118.8 million yuan (5523.6 million), from 18.1 million yuan in the previous year. Revenue climbed 28 per cent to 168.3 million yuan, from
        53 words
      • 53 13 NH CERAMICS said that its wholly owned subsidiary, Nam Huat Tiling Panelling Co, had on Sept 13 agreed to sell a freehold property at Jalan Masjid for $2.3 million. The option, granted to Zhulian Singapore Pte Ltd, will expire in three weeks from the
        53 words
      • 37 13 MARINE supply provider Sinwa Limited yesterday said it has signed contracts worth $15 million with Shell International Trading and Shipping Company Limited, Teekay Shipping Corporation and Kristian Gerhard Jebsen Skipsrederi A/S.
        37 words
      • 59 13 CHINA EnerSave Limited, one of the earliest entrants into the renewable energy sector in China, has announced that its share placement of 406 million new shares has been fully subscribed, raising $64.8 million for the group to pursue its growth plans in China's energy industry.
        59 words
      • 46 13 HLN Technologies Limited, a maker of customised ultra-precision elastomeric and polymeric components, has secured a US$7 million contract. The contract value is about 78 per cent of its FYos's total revenue. Revenue from this new contract will be recognised in FY2007.
        46 words
    • 437 13  -  INFORMATICS TRIAL Former senior V-P appears in court as prosecution's second witness By WEE LI-EN FORMER Informatics senior vice-president Lawrence Wee said in court yesterday that he was not advised that the company's revenue recognition policy in 2003 may have contravened
      FILE PHOTO  -  437 words
    • 370 13  -  Turnover up 63.4% due to newly acquired unit By LAUREL TEO ROLY International Holdings yesterday reported a net loss of U*****,000 for its first quarter ended July 31, against a net profit of US$l.O6 million for the corresponding period last year. This marks
      370 words
    • 488 13 But it expects full-year loss on inventory write-off Reuters MAGNECOMP International Ltd, which makes parts for computer hard disk drives, expects to return to profit in the fourth quarter thanks to strong disk drive shipments and demand for components for cars and LCD
      Reuters  -  488 words
    • 244 13 Bloomberg SEMBCORP Industries Ltd, the world's second-largest oil-rig builder, signed an initial agreement to develop a water-treatment project in Tianjin as China adds 16 million new urban water consumers a year. The project is in a chemical industry park in the Binhai district
      Bloomberg  -  244 words
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  • SINGAPORE NEWS
    • 321 14  -  Multilateral trade liberalisation best policy for Asia By LESLIE YEE WORLD trade talks need to be revived urgently, even though countries in Asia are deepening their economic integration through free trade agreements that will liberalise certain services and eliminate tariffs for final
      321 words
    • 377 14  -  By LESLIE YEE SINGAPORE businesses should make the effort to find out more about business opportunities in the Gulf Cooperation Council (GCC) countries and seize the many opportunities available, R Seetharaman, deputy chief executive of Qatar's Doha Bank, said here yesterday. With booming economies in
      377 words
    • 538 14  -  DBS is arranger for Asia's first such US$10b plan under single framework By SIOW LI SEN THE Asian Development Bank (ADB) yesterday launched Asia's first multicurrency bond programme under a single unified framework governed by English law, an initiative bankers hope will pave the way for
      FILE PHOTO  -  538 words
    • SINGAPORE ROUNDUP
      • 62 14 THE Institute of Microelectronics yesterday announced that it has signed a number of research agreements with Fujikura Ltd, Mitsui Chemicals and Seiko Instruments. The tie-up with Fujikura and Mitsui involves the development of a type of photonic crystal device and optoelectronics respectively. The partnership with Seiko will
        62 words
      • 64 14 MAYBANK has released a new home loan package that lets customers choose a monthly instalment of between 0.1 per cent and one per cent of property value. In the first five years, customers can change the percentage they want to repay. Another scheme gives a 3
        64 words
      • 51 14 THE Ascott Group, the serviced residence arm of Capita Land Ltd, has been voted the "Best Serviced Residence Brand" in Asia Pacific by readers of Business Traveller Asia-Pacific Magazine. Ascott Singapore was voted "Best Serviced Residence in Asia Pacific". The awards event was held in Hong Kong
        51 words
      • 68 14 EXXONMOBIL has increased its upfront diesel discount at all of its 74 Esso and Mobil stations in Singapore. Smiles Card members will get a 25 per cent discount, up from 13 per cent. Non-members will get a 21 per cent discount. Members of Esso MasterCard, Esso
        68 words
      • 39 14 A RECORD 26,124 votes have been received for this year's Spirit of Enterprise Awards, organised by a private sector non-profit organisation. The polls close today. There are 200 nominees to choose from its website www.soe.org.sg.
        39 words
      • 45 14 MINISTER for Manpower and Second Minister for Defence Ng Eng Hen will be in New York today and tomorrow for the UN High Level Dialogue on International Migration and Development. He will present a statement on Singapore's migrant experience.
        45 words
    • 412 14  -  OIL AND GAS JTC calls tender to pre-qualify contractors Reports by RONNIE LIM PREPARATORY work for the Ssl billion underground oil storage project on Jurong Island is now in full swing, with JTC Corp calling a tender to pre-qual-ify contractors for the rock cavern's
      412 words
    • 392 14 SINGAPORE refiners are cutting crude runs again this quarter, just as they did in Q1 which was their first cut in two years as refining margins have been eroded by oversupply and weak regional demand for oil products. ExxonMobil, which operates the
      392 words
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      327 words

  • AVIATION
    • 603 15  -  Seamless links to other destinations in Australia also on the cards By VEN SREENIVASAN [SINGAPORE] Travellers from Singapore will soon be able fly to Darwin and then on to Cairns in Australia for a fraction of the price they currently pay for a
      JETSTAR ASIA  -  603 words
    • 657 15 Carbon dioxide from aircraft makes up just 2% of total emissions [SINGAPORE] The emissions of carbon dioxide by aircraft represent only 2 per cent of the total amount of man-made emissions, according to recent studies. This has come about despite a booming air transport industry
      AFP  -  657 words
    • 722 15  -  Airline says it's sticking with plans to get first jet in Dec By VEN SREENIVASAN [SINGAPORE] Singapore Airlines (SIA) may not get its new Airbus A3BO jumbo jet in December after all, if the reported third round of delivery delays is announced
      722 words
    • 2092 15 CITY RJSNT ETA FLIGHT ETD SQ143 1S35 SQ146 1640 GA840 1640 GA841 17S5 AhaPMW SQ4?? 113? XWS 13P0 MM LH9771 1750 AF8088 2215 h kl £§§i SO230 1750 BA7382 2215 Dohl Q* 638 1345 QW39 J745 AF8087 1850 QFB2 2215 Oatoi MS9493 0735 EK405 0210 BA7381
      2,092 words

  • SHIPPING
    • 666 16  -  Shipping body calls for creation of new mechanism to deal with such situations By DONALD URQUHART [SINGAPORE] Members of Singapore's shipping fraternity along with the maritime regulator sought to "clear the air" recently over a bunker alert issued by a
      666 words
    • 352 16 Bloomberg [NEW DELHI] India aims to double the capacity of its 199 ports in the next six years as rising trade and economic growth strain existing facilities. The country will increase the capacity of its ports to 1.5 billion tons by
      Bloomberg  -  352 words
    • 196 16 AP [WELLINGTON] A big cruise ship due to sail Antarctic waters next January will change the face of tourism in one of the world's great wilderness areas, a New Zealand polar academic said. The Golden Princess, due to make a three-week voyage through the
      AP  -  196 words
    • 455 16 It is spending US$84m to make ship parts, build vessels in China Bloomberg [SEOULI STX Shipbuilding Co, South Korea's seventhlargest shipbuilder, plans to spend a total of US$B4 million with two affiliates to set up separate ventures that will make ship parts and
      Bloomberg  -  455 words
    • 885 16  -  ADMIRALTY CASEBOOK By SELVA KUMAR AN ITALIAN seller of electrical hairdryers has been held responsible for the short delivery of cargo to an Australian company on the basis that the container had not been properly sealed before it left the port of
      885 words
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  • MALAYSIA/INDONESIA
    • 615 17  -  Jump in costs blamed on climbing fuel prices, higher interest rates By PAULINE NG in Kuala Lumpur THE big jump in the cost of living in Malaysia, due largely to rising fuel prices and higher interest rates, is dampening consumer
      AFP  -  615 words
    • 193 17 Reuters [KUALA LUMPUR] Malaysia has set up a Cabinet panel to fast-track approval for important projects after complaints of red-tape and delays from foreign investors. The panel, including the trade-and-industry and finance ministers, can meet weekly if needed and make decisions "on the
      Reuters  -  193 words
    • 371 17 Scomi's CEO says it has been given 'a clean bill of health' AP. Reuters [KUALA LUMPUR] Malaysian oil services firm Scomi Group Bhd which received high-tech measuring devices from a Japanese manufacturer that could be used to build nuclear weapons has been cleared
      AP.; Reuters  -  371 words
    • 240 17 Reuters [JAKAßTA] The Indonesian government may postpone a planned offering of its remaining shares in the country's No 6 lender, PT Bank Internasional Indonesia (BII). to next year, the head of a state restructuring agency was quoted as saying by a newspaper yesterday. The
      Reuters  -  240 words
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  • INDIA
    • 551 18/19 Deal to be inked today for joint operations in areas like loans Reuters IMUMBAI] Three Indian state-run banks are set to form a strategic alliance today to meet growing competition, in a step analysts say could be the first towards consolidation in the
      Reuters; BLOOMBERG  -  551 words
    • 402 18/19 Entities registered overseas will be treated as Flls Economic Times IMUMBAII The Securities and Exchange Board of India (Sebi) has widened the scope of international entities that can invest in the stock market as registered foreign institutional investors. Previously, some of these entities
      Economic Times  -  402 words
    • 238 18/19 Bloomberg IBANGALORE] Tata Consultancy Services Ltd (TCS), India's largest computer-services provider, said it aims to generate US$5O million in revenue from its Chinese operations in the next 18 months. The Mumbai-based company, which operates a whol-ly-owned unit in China, is awaiting a commercial
      Bloomberg  -  238 words
  • GREATER CHINA
    • 482 18/19  -  CLSA sees another spurt in Asean economies due to China spillover By JANE MOIR in Hong Kong ASEAN finance ministers gathering in Hong Kong this week have urged member states to put more effort into reaping the benefits of China and India's rapid
      482 words
    • 304 18/19 Launch planned by year-end or early 2007 in Shanghai Reuters IXIANGHE, China! China is eager to develop its capital markets by launching domestic stock index futures, the country's top securities regulator said yesterday. "We hope that by the end of this year or
      Reuters  -  304 words
    • 378 18/19 AFP. Bloomberg [SHANGHAI] China said yesterday that it had suspended approvals for new domestic and for-eign-invested security brokerages a blow to overseas firms looking to get in on the booming Chinese markets. The securities regulator said it would also suspend expansion of domestic brokerages and would not
      AFP.; Bloomberg  -  378 words
    • 210 18/19 Reuters. Xinhua (XIANGHE, China] Industrial and Commercial Bank of China (ICBC) could be the first Chinese firm to make use of a greenshoe option in a mainland initial public offering, the country's top securities regulator said here yesterday. Regulators are revising China's rules governing
      Reuters.; Xinhua  -  210 words
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  • ASIA-PACIFIC/WORLD
    • 389 20  -  Funds are needed for various projects to be implemented in next 15 years By HABIB SHAIKH in Jeddah SAUDI Arabia is seeking foreign investment totalling nearly US$l trillion to carry out a large number of projects in various sectors. The projects, to be implemented within
      389 words
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    • 332 20 LATEST US DATA Bloomberg. Reuters [WASHINGTON] Inventories at US businesses rose in July, matching an increase in sales, suggesting companies kept stocking up in anticipation of strong demand, a government report yesterday showed. The 0.6 per cent increase in the value of unsold
      Bloomberg.; Reuters  -  332 words
    • 470 20  -  85.7% of them reported profits on their investments By OH BOON PING [SINGAPORE] Latin America is proving to be a profitable market for local firms, with 85.7 per cent of the Singapore-based businesses there reporting profits on their investments in the last financial
      YEN MENG JIIN  -  470 words
    • 380 20 Reuters [MOSCOW] A top Russian central banker who fought to clean up Russia's murky banking system died early yesterday from gunshot wounds after being ambushed by assassins in what police said was a contract "hit". The killing of Andrei Kozlov, 41, a
      Reuters  -  380 words
    • WORLD WATCH
      • 58 20 Reuters [CANBERRA] Australia's conservative government introduced laws into Parliament yesterday to free up media ownership. Communications Minister Helen Coonan introduced the media ownership bills into the upper House Senate, where the laws face an uncertain future with two government lawmakers withholding their support due to
        Reuters  -  58 words
      • 63 20 Bloomberg [LONDON] The UK's Standard Chartered pic plans to expand Islamic financial services in Pakistan to tap the world's second-biggest Muslim population. The lender, which paid US$4B7 million in cash to buy Union Bank Ltd of Pakistan last month, will consider opening a subsidiary devoted
        Bloomberg  -  63 words
      • 46 20 AP [SAN JOSE] California's attorney general could file criminal charges within a week in the boardroom spying scandal at Hewlett-Packard Co, a spokesman said, and experts say the company's top brass and third-party detectives are all possible targets. —AP
        AP  -  46 words
      • 60 20 Bloomberg [TOKYO] Livedoor Co founder Takafumi Horie, on trial for alleged securities violations, directed efforts to falsify the Internet company's financial information, former executive Ryoji Miyauchi said. Horie, who waged a hostile takeover battle with Japan's largest broadcaster, pleaded not guilty on Sept 4 to charges
        Bloomberg  -  60 words
    • 337 20 AP. Reuters. Bloomberg [BANGKOK] Thai Prime Minister Thaksin Shinawatra said during an interview broadcast yesterday that he is tired and thinking of stepping aside after a general election expected by yearend. "Sometimes I wonder if it is better for me not to
      AP.; Reuters.; Bloomberg  -  337 words

  • EDITORIAL & OPINION
    • 504 21 EDITORIAL ON the eve of one of the most important international meetings Singapore has hosted to date, the story that seemed to move the global media most was the deporting of two animal rights activists planning a nude protest. This must surely have rankled
      504 words
    • 1132 21  -  Stagnating wages compensated for rising oil prices to avoid negative effects on production By MICHAEL HEISE THE world economy has performed strongly in recent quarters, defying sky-high oil prices and the ongoing removal of monetary accommodation in the major countries. While the US
      AFP  -  1,132 words
    • 789 21  -  THE BOTTOM LINE YOGI AGGARWAL ONE of the advantages India is said to enjoy over other countries such as China is its young labour force. The average age in India is lower than in China and certainly much lower than in Japan or Europe.
      789 words
    • 1562 22  -  Auto exec Carlos Ghosn might be spreading himself too thin if he brings General Motors into the Renault-Nissan fold By MARK LANDLER, MARTIN FACKLER NYT FOR an executive who runs two giant car makers, in France and Japan, and is trying to extend his influence
      NYT; AFP  -  1,562 words
    • 266 22  -  LETTERS TO THE EDITOR Peter Heng Director Corporate Communications SingTel I REFER to the letter by Denis Distant, "Sing Tel should state the facts" (BT, Sept 14). In line with the Singapore Financial Reporting Standards, Sing Tel has ceased amortisation of goodwill on acquisition
      266 words
    • 175 22  -  Lim Bee Khim Acting director Corporate Communications Ministry of Trade and Industry WE refer to Sonny Yuen Chee Choong's letter calling for the formation of an Energy Ministry in Singapore (BT, Sept 12). We would like to assure Mr Yuen that the inter-min-istry Energy Policy Group (EPG)
      175 words

  • Page 22 Advertisements
    • 807 22 FOBM AOIII THE HMH COURT OF oyjj) repubuC Of SINGAPORE NOTICE OF INTENDED PREFERENTIAL PAYMENT AND MMo HiolMM/N INTENDED DIVIDENDS TO UNSECURED CREDITORS Name of Company Civil Geo Pte Ltd (In Liquidation) And In to Matter of Co. Reg. No. *****1840E TOE NEWSROOM BAR PTE LTD Address of Registered Office
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    • 95 22 INVITATION TO OFFER 1997 HAWKER 800XP Serial *****8 Owned and operated by the Queensland Government since new. Current time 4173.7 hrs 3133 landings U557,850,000* (plus Goods and Services Tax if applicable) For information, specifications, terms and conditions of the Invitation to Offer contact Frank Lautenbach, Phone: (07) 3698 9500 or
      95 words
    • 78 22 WE I WELCOME ALL DELEGATES FOR THE IMF I AND 1 WB MEETINGS I V o I We offer f 30% off on ail our stocks of Finest Oriental Carpets with door to door shipping fi service worldwide Free Limo service will be provided for appointments I CD I Contact:
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  • 10120 23 SGX MAINBOARD Transaction date: Sep 14 52-Wk T«l Last Vol Day Last Quote Mv GrYW Nat MCap High Law Coda Company SaU (-000) Hi» low »yyar Ma Cvr Wt Smfi 4 1 5716 1st Software 2.5 unch 403 2.5 2.5 2.5 3 10.1 11.5 6 3148 STelecom 7.5
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  • 5959 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local cwt In $i In USS dy yr dy yr dy Xyt S«p II lnd«j» Chtnq* Chanp« Oi»nfl« Q»nfl« Chi>g« Ch»nq» World inden Preliminary 101*7 02 47 02 19 0.2 75 £Af€ Preliminary 1017-8 03 AS 02 02 103 turope Preliminary 1374.2
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  • Page 25 Advertisements
    • 1067 25 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL STX PO TBN CAM/NFK/NOl/SAV Lead, Singapore, E./W. Molcpia, Umo lood. E./W. Malaria, InWio MIPOLE-EAST SERVICE UAIX SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT ADDU STAR JDH/AQA Loads Singapore,
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    • 619 25 DONGNAMA LINE l L imm m COMTAINIWBEP >WV»CI Vissa (EVERY SAT) VOY SGP I HKG (WT TERMINAL) KMTC JAKARTA till 23/09 27/09 YMMUMRAM 14E >0/091 04/10 VISSa (EVBY SUN) VOY SOT HKG KOTA HARTA HTA444 17/09 21/09 KOTAHAOIAH HU243 24/09 1 2S/09 VESSa (EVERY SUN) VOY SGP HKGWm TXY YOK
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    • 524 25 fresa/voY J' g/mpgnj T hbghtw hb wj L 3 sw jkt ORCHID EXHtESS 76 50 4.5 21/0* STUITSVBmW 11/04 15 II IS/0* l»/0* 27/0* 30/0* 01/10 |smrcvßnuttn/04 15 12 04/10 07/10 I I [AiwrmaiMHiwoftwci VBSa/VOT I KAWfgT) IHBGWTW IP SW 1 Ml STD MB AK Htt JKT SM IP FBU/035
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  • Page 26 Advertisements
    • 1395 26 WAN HAI INTERNATIONAL PTE LID at no i **********/k V\m\ WAN HAI LINES Y llAllftll llnl fill 1H: |03) *****000 MX: (03) *****20S KM 1H: fl>4) *****00 FAX: (04)2294(94 V JOHIH: 07) *****23 FAX: (07)*****21 SUI IB: (031) *****75 FAX: (031) *****14/*****05 www wanhai com ta OCT TIL 1021)*****00RUL*21)*****11 rui
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    • 1030 26 EASTERN CAR LINER, LTD SPECIALIZE IN ROUP HEAVY UFT UPTO 450 TONS [■nu-*susavig vot I sm m mm rmw) rm jkt I sii liolmm I ib Iwoww LUWAA2UL 73 35 10 15/01 16/01 17/01 22/W 24/W AMHHAMTO 2 50 It/01 11/01 20/01 24/01 27/W BKILiiAW PtSCADORES _Jj 60 11/W 20/W
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    • 841 26 m a<sas& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VKStI VOT SW PJOANG COtOWO UStCVA COUNMO HOWUH HtIDGE 00S5W 12 Sg 13 Sg 16 Sg USEP 23 Sg HOTAPBWIU YPWMI IYSg 20 SEP 23 StP 26 SEf 30 SEP INDfU GANDHI OIO7W 26 SEP
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  • Page 27 Advertisements
    • 567 27 ONordana (Asia) Pte Ltd 70 Stiwlon Way, ♦21-03 Marino How Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VESSEL VOY Shoapon Fn—rie Cotos triad Qrisfros Iriowl PaskGwlow htandiMTtt ~_IMZ I I 125 m im x Spam m X Qifijl lAita LZJto
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    • 171 27 S?"7GENIKI LINES GENIKIf As Agents: CROSSEAST SHIPPING PTE LTD operator code GK CR NO: 778 3202 0000 M Tel: 6327 1788 Fax: 6327 1588 •-mad: booklng®cross«ast.coni.se WEBSITE: www.geniki.com.my KUCHING 5 DAYS SAILING SHUTTLE SERVICE MING Rl MROI4E 16/09 18/09 MINGRI MROI6E 21/09 23/09 MINGRI MROIBE 26/09 28/09 \womm ENG lii
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    • 457 27 CONVEHTIONAL SERVICE ETA SIN LOADING FOR 26 SEP CHENNAI 18 SEP MALE, COLOMBO 26 SEP DUBAI, DAMMAM 03 OCT CHENNAI, BOMBAY fij GLORY NAVIGATION GROUpI I SINa 1970 I OWNS A OPERATES THE YOUNGEST FLEET I WITH FOURTEEN 7,000 DWT TWEEN DECKERS COVERING THE ENTIRE ASIA PACIFIC PORTS 1 REGULAR
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  • THE BUSINESS TIMES SHIPPING TIMES
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  • HEALTH
    • 1043 29  -  Early disease detection followed by aggressive management of risk factors that is the basis of a new approach to managing coronary artery disease. TAN SU YEN reports TAN SU YEN MOST of us have some inkling of the statistics. It really doesn't surprise us that coronary artery
      YEN MENG JIIN  -  1,043 words
    • 1058 29  -  Reversing the damage from a stroke or an arterial blockage is an uphill battle. That's why it pays to look out for early warning signs, reports TAN SU YEN TAN SU YEN STROKES don't just happen without warning. A numbness or weakness on one side of the body,
      ARTHUR LEE  -  1,058 words
  • Page 29 Advertisements
    • 144 29 I "J H 0 l B I 4 ■I aesthetics age management assisted reproduction cardiology colorectal surgery Hr cosmetic Implant dentistry day surgery dermatology diagnostic radiology mk' surgery hand, wrist microsurgery health screening neurology W HI nursing rehabilitative care obstetrics gynaecology ophthalmology (eye surgery) tW orthopaedics otolaryngology (ear, nose throat
      144 words
    • 13 29 PACIFIC HEALTHCARE HOLDINGS A fortnightly series brought to you by Pacific Healthcare Holdings
      13 words

  • executive lifestyle
    • 1706 30  -  GEOFFREY EU checks out the Singapore Pavilion at the Venice Biennale and finds out how S'pore architecture stacks up against the world GEOFFREY EU THERE was glamour to burn in Venice last week, with an impressive selection of mega yachts docked alongside the city's main drag, A-list
      1,706 words
  • Page 30 Advertisements
    • 107 30 ZZ~ I jhH M re I Singapore's most stylish and beautiful Sunday Brunch just yj I keeps getting better. Discover why It's the only place to be <* brunch «.and discover alfresco adventures and buffet I^'that-goes-beyond, set-to a soundtrack of smooth live Jazz, pj H Taste the glamour, the effervescence
      107 words
    • 8 30 MHHT p9HH Buyers snap up ■H||h Dali works
      8 words

  • WINE
    • 994 31  -  By N K YONG MIND over matter —pre-conception exerts a powerful influence on one's judgment. Nowhere is this more evident or more pervasive than in wine tasting. Say someone hands you a glass and tell you it is Chateau Lafite 1982.
      994 words
    • 626 31  -  off the cuff jaime ee I HAD a little adventure the other day that I would like to share. It's called "How I broke out of Fortress Suntec and helped a protester do his, well, protest thing": So here I am,
      626 words
  • Page 31 Advertisements
    • 129 31 i "Roman Bratasiuk (owner winemakeit of Clarendon Hills) is one of the Planet s I greatest winemakers.i" (Robert Parker m m Clarendon Hills Astralis 2001 m m m m 98-100 points (Robert Parker) m ik Clarendon 11 ills Astralis 2002 m m m 98-100 points (Robert Parker) M M Clarendon
      129 words

  • CINEMA
    • 230 32  -  DVD By PARVATHI NAYAR FIND Me Guilty is based on a true story the longest trial in American history that went on for 21 months, involving New Jersey's Lucchese crime family. Legal proceedings in Guilty resemble a circus with 20 defendants who come armed
      230 words
    • 555 32  -  Feng Xiaogang's The Banquet makes references to Hamlet in clever ways, writes PARVATHI NAYAR PARVATHI NAYAR THE most interesting interpretations of Shakespeare in recent times seem to be the least traditional ones. When adapted to different geographical settings/time periods, the Bard's stories come startlingly alive
      555 words
    • 440 32  -  By PARVATHI NAYAR THAT girls are a girl's best friend is a theme explored by serials such as Desperate Housewives and Sex and the City. What's different with Friends with Money is that director Nicole Holofcener's take on the idea is honest, compassionate and funny
      440 words
  • Page 32 Advertisements
    • 758 32 ot& cPa/net* <SeovU^ The Original Ballet Gifts Novelties Store for your Precious Ones VISIT US AT 402 ORCHARD ROAD, LEVEL 1 UNIT 08 DELFI ORCHARD SHOPPING SINGAPORE *****6, TEL:6S 6734 2820 Opening Hours: Mon to Sat HOOhrs to 1900hrs www.ballerina-latida.com Revolution Of Evolution T *£-/> TLiKt \/fonv7 Thai's Chilling Out!
      758 words

  • ARTS
    • 615 33  -  MUSICAL By CHEAH UI-HOON AS with all productions, the test of a classic .show is whether it bears repeat viewing. Even though the Singapore Repertory Theatre's Forbidden City: Portrait of an Empress first premiered four years ago, and jwas presented again in 2003, it's
      615 words
    • 830 33  -  ART His pieces are a great investment as he's undervalued, reports PARVATHI NAYAR PARVATHI NAYAR if 1 ALI is a great investment, beA cause he is an artist who is 1 still undervalued on the marM ket," says Gilles Dyan, owner ftof the Opera Gallery
      830 words
    • 633 33  -  By PARVATHI NAYAR "IN the world of education, you definitely need to take the mountain to Mohammed today." says James McCalman, managing director of Sotheby's Institute of Art, based in London. He was explaining the rationale behind the institute opening its first Asian centre in
      633 words
  • Page 33 Advertisements
  • Page 33 Miscellaneous
    • 362 33 CRYPTIC CROSSWORD 5 The charm of a piano accompa- -—IHV HH 8 A king with energy in call for drastic change (5-3) 9 Long-distance travellers needing time in aircraft (7) 10 Issue one penny with English Queen on it (5) H l w I 11 Untainted and of a certain
      362 words

  • BOOKS
    • 587 34  -  Politicians, journalists and well-known writers are now jumping on the anti-globalisation bandwagon, writes UMA SHANKARI UMA SHANKARI GLOBALISATION: Always a buzzword, but never more so than this week, with the International Monetary Fund (IMF), and World Bank meetings now on in Singapore. And what with
      587 words
    • 322 34  -  By Uma Shankari 'Making Globalization Work* by Joseph E Stiglitz W W Norton ft Company Inc (New York) $38 (hardcover) FEW academics can say that their works have contributed significantly to their fields of study. But 2001 Economics Nobel Prize winner Joseph E Stiglitz is one person
      322 words
    • 385 34 A fortnightly listing of the latest books available in S'pore NON-FICTION The Life and Times of the Thunderbolt Kid by Bill Bryson ($42) Bryson releases a memoir of himself as a child growing up in America in the *****. SQ2I Singapore Queers in the 21st Century by Ng
      385 words
  • Page 34 Advertisements
    • 93 34 More than 250 years of uninterrupted history y jfs I j f iW\ U I If —^L\ Y^v/'SpJft^^^^BKS^rliß AfiiH a|^%^^HU^HHpMMni MALTE DUAL TIME M^^^mmmm Selfwinding Date calendar powerreserve indicator. Cube-patterned engine- I9H dial. White or *i* VACHERON CONSTANTIN Manufacture Horlogere. Geneve, depuis 1755. Vacheron Constantin Boutiques Singapore: Ngee Ann City
      93 words