The Business Times, 18 November 2005

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://buslness-times.asial.com.sg MICA (P) 089/03/2005 Friday, November 18,2005
    15 words
  • 832 1  -  Govt projects 3-5% growth for 2006 after strong 7% expansion in Q3 By ANNA TEO [SINGAPORE] The economy is on track to grow 5 per cent this year and possibly in 2006 too, after expanding a robust 7 per cent in the
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  • 134 1 STI 2.***** (+7.03) ST INDEX FUTURE 2.263.00 (+7.00) siMsa 268.07 (+1.19) SIMSO FUTURES 267.90 (+1.50) MARKETS Thursday Change K1SEC0MP ***** -2.50 NIKKEI 225 14,411.79 +240.92 HANG SENG 14,787.98 +137.44 SET INDEX 672A3 -2-68 JAKARTA COMP 1.033.28 +7.45 MANILA COMP 2,056.13 -4.62 SEOUL COMP 1,269.35 +2.19 SHENZHEN B 193.01
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  • 635 1  -  By WONG WEI KONG [SINGAPORE] The government has moved to review mandatory quarterly reporting for listed companies an issue that generates fierce debate in the financial community some three years after it was introduced. The Council on Corporate Disclosure and Governance (CCDG), which sets accounting
    635 words
  • Page 1 Advertisements
    • 31 1 EXECUTIVE LIFESTYLE n. Tfeeing off for business and pleasure n I Miqi y8C^E|5l|H|ti#gH| KIII 4 w| FRANCIS ONG/ST LAST JOURNEY Hundreds mourn passing of banker Tan Chin Tuan. Pg 2 8
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    • 10 1 DIVIDEND PLAY Macquarie fund's secondary offering fully taken up PG4
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    • 62 1 INTEGRATED RESORTS Who's favoured to win PG3 Mgnm| COMMODITIES KTI HH Beijing poised to flßlifli ramp up copper sales PG 11 .iHHHb m« v' w V 1 a' M "VK T ®r j^L^mtirfsHv 5 t3K J9| J7lZ&3SKl ft 1/ jLjgHHgkJf/ Jf® I MICHAEL SCHUMACHER. HgM| MYCHOICgj isi Kr lSPW IhHH
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  • TOP STORIES
    • 575 2  -  Electronics exports up a robust 8.5%, non-electronic Exports surge 11% By CHUANG PECK MING [SINGAPORE] After a 3.3 per cent fall in September, Singapore's key non-oil exports (NODX) bounced back strongly in October to grow a seasonally-adjusted 9.9 per cent from a
      Source: International Enterprise Singapore  -  575 words
    • 78 2 IN "s2m cable ski park to open at East Coast", we reported that TTJ Leisure runs a cable ski park in Batam. The park in Batam is not run by TTJ. In the same report, we said that the East Coast Park's proposed $160 million reyamp includes the ski
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    • 604 2  -  By CONRAD RAJ, OH BOON PING [SINGAPORE] Tan Chin Tuan was remembered at his funeral yesterday as a banker and businessman without equal in his genera*tion. In his eulogy before more than 200 mourners at Mandai Crematorium, former deputy prime minister
      LAUFOOK KONG/ST  -  604 words
    • 437 2 MGM, Las Vegas Sands r Genting ahead in IR rftce US investment bank Merrill Lynch expects that, for the Marina Bay integrated resort, US outfits Las Vegas Sands and MGM Mirage each have a 35 per cent probability of winning while Harrah's Entertainment has a 20 per cent
      437 words
    • 706 3  -  Larger, richer, and highly regulated bidders have upper hand, it says By ALEXANDRA HO [SINGAPORE] Large, wellcapitalised and highly regulated gaming companies have the upper hand in the race to build Singapore's two integrated resorts (IR), says US investment bank Merrill
      FILE PHOTO  -  706 words
    • 266 3  -  By SIOW LI SEN [SINGAPORE] DBS Bank is proposing to issue US$3 billion in a structured note programme for general corporate use. This allows the bank to sell more structured debt such as the popular equity-linked notes. The bank yesterday lodged the base or
      266 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 106 3 Unsurpassed levels of comfort? Well, don't take our word for it. BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times.asia 1 .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. Try it for yourself. i The award-winning Qantas
      106 words
    • 67 3 I -V t I H Ihe Raffles Conversation and you have to look at the -John Browne the man I vrtw turned BP into one of the woikTi most femwdabte and influents companies. lin The Business Times 1 T7». <, Hn i f».tu tomorrow TwßuacaTMs i l Askfefyoucompimentafycopyo^BTatanySPC U7AAI/ATI n
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  • COMPANY NEWS
    • 489 4  -  DIVIDEND PLAYS Retail tranche of MIIF's 15m shares snapped up in over 10 minutes Reports by LESLIE YEE RISING interest rates did little to put investors off high yield plays, judging by the response to the $435 million secondary equity offering by Macquarie
      489 words
    • 270 4 THE Capital Group Companies is now the single largest shareholder in Suntec Reit with a 6.14 per cent stake. Suntec Reit, whose share price is now around 20 per cent below its highs in early June, seems to have found support from CGC,
      270 words
    • 331 4  -  By CONRAD RAJ FILIPINO business tycoon John Gokongwei's offer for 70 per cent of United Industrial Corporation has so far been rebuffed by all save those owning 2.89 million shares or 0.21 per cent of the issued capital of the listed property company.
      331 words
    • 230 4 MIXED GENERAL OFFERS PSC Corp has garnered an additional stake of about 13 per cent in Tat Seng Packaging Group from its general offer, bringing its interest in the corrugated paper products maker close to 64 per cent. The
      230 words
    • 306 4 Buyers, including Temasek, pay $1.56 a share, 4.9% off yesterday's closing price OSIM International founder and chief executive officer Ron Sim has placed 25 million of his shares in the company to global institutional investors, including Temasek Holdings. The placement, arranged by JP
      FILE PHOTO  -  306 words
    • 704 4  -  HOCK LOCK SIEW By R SIVANITHY TAKE a quick look at the accompanying graphic. The upper chart shows the performance of Capita Land's shares in the four weeks since Oct 17, while the lower one depicts the movements of BNP Paribas's April 2006 structured
      Source: Bloomberg  -  704 words
    • 363 4  -  By WONG WEI KONG LAWYERS for former MP Lew Syn Pau and Broadway executive chairman Wong Sheung Sze who are accused of breaching the Companies Act said yesterday their clients have not decided yet whether to contest the charges. "We've had some discussions
      363 words
    • 417 5  -  Company cites 'unfavourable developments', higher costs By ARTHUR SIM MAINBOARD-listed LifeBrandz has issued a profit warning, saying it expects to report a loss for its first quarter ended Oct 31. Details will be disclosed when it announces its unaudited financial results. After
      417 words
    • 263 5  -  By ANGELA TAN JETS Technics International Holdings yesterday warned that it might post losses for the first six months ending Nov 30 due to a fall in orders from its largest customer, delays in some projects and rising raw material costs. The company, which
      263 words
    • 365 5  -  By SIOW LI SEN HELPED by maiden contributions from its newly acquired Singapore brokerage CIMB-GK and lower taxes, BumiputraCommerce Holdings Berhad Group (BCHB) yesterday said net profit for the nine months ended Sept 30 rose 45 per cent to RM714.1 million
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  • Page 5 Advertisements
    • 244 5 I' I I I I J] Ik k I ,M AWARDS PRESENTATION GAIA DINNER featuring entertainment by Marina Xavier, one of South East Asia's most talertedmaiists and hosted by wine connoisseur Ch'ng Poh Tiong and Australian TV news personality Tina Altieri p 'H>*W JraKi FMDAy^DECEMBER2OOg^m.^M--^gg: 1 m PBf f Wlm
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  • SINGAPORE MARKETS
    • 499 6  -  STOCKS More robust regional and European markets read as heralding the start of a year-end rally R SIVANITHY Senior Correspondent A CURIOUS logic was at work in yesterday's stock market trading because Japan and Hong Kong closed sharply higher and Europe opened stronger in
      Source: Bloomberg  -  499 words
    • TRADES TO WATCH
      • 435 6 RICHARD Tay, managing director of alloy wheels and tyre maker and distributor YHI International, yesterday raised his stake in the company. He bought 10 million YHI shares at 36 cents each on the open market, increasing his direct interest in
        435 words
      • 90 6 SOILBUILD Group Holdings' managing director Lim Chap Huat saw his deemed interest in the company increase from 6.96 per cent to 7.14 per cent following an open market purchase of238,000 Soilbuild shares at 32.2 cents apiece by CHL Holdings Pte Ltd, which is
        90 words
    • Article, Illustration
      431 6 OTHER SINGAPORE INDICES Nov 17 VALUE CLOSE BT OB/OS -215.00 -101.00 BT CADI -*****.00 -20.00 BT 10-day MA -*****.00 -21.00 All-SG Equities 577.01 +1.54 SG Equities Elect 119.26 +0.02 SG Equities Fin 1673.39 -2.19 SG Equities Prop 692.46 -3.16 SIMSCI 268.07 +1.19 SiMSCI Futures 267.90 +1.50 MOST ACTIVE STOCKS VOLUME
      431 words
    • Article, Illustration
      1025 6  - BROKERS 1 TAKE Compiled by UMA SHANKARI Singapore Exchange Nov 17 dose: 552.68 DBS VICKERS SECURITIES, Nov 17 LAST week, Singapore Exchange (SGX) announced substantial revisions to some of its listing and processing fees. The new fees, effective Jan 1,2006, will apply to all companies seeking a listing or already
      Source: Bloomberg  -  1,025 words
    • 531 6  -  CURRENCIES LARRY WEE Senior Correspondent THE buoyant US dollar's fortunes suffered a small reversal yesterday ahead of the weekend catalysed, some suggested, by rumours of an emergency foreign exchange meeting in China. The reversal came after it first hit fresh two-year highs versus the euro, sterling
      Source: Reuters  -  531 words

  • COMPANY NEWS
    • 283 7 Amaranth may end up with 20.8% after warrant conversion US INSTITUTIONAL investor Amaranth LLC is investing up to US$4.4 million in Stratech Systems in a deal that could give it an eventual stake of 20.8 per cent in the Singapore mainboardlisted
      FILE PHOTO  -  283 words
    • COMPANY BRIEFS
      • 85 7 SINGAPORE Airport Terminal Services (Sats), the ground services subsidiary of Singapore Airlines, said yesterday that it handled 7.2 per cent more passengers in October than the same period last year. The company handled 2.28 million passengers, up from 2.13 million passengers in October last year.
        85 words
      • 139 7 PDC Corp said yesterday that it received on Nov 14 a statutory letter of demand for payment of $833,966 including interest and legal cost from Maybank's lawyers. This is in relation to a writ of summon from the bank for a claim against the company
        139 words
      • 31 7 CREATIVE Technology Ltd says it has upped the ante for the Zen Neeon series by introducing three high-capacity, skip-free flash memory-based models of 512M8, IGB and 2GB.
        31 words
      • 55 7 LC Development yesterday completed the sale of its office units on the sixth, seventh and eighth floors of UIC Building along Shenton Way. Separately, LC Development's parent company, Lum Chang Holdings, yesterday announced it has completed divesting its units on the upper
        55 words
      • 65 7 JEL Corporation said yesterday the sale and leaseback of JEL Centre was approved by shareholders at an extraordinary general meeting. The company is selling JEL Centre to Ascendas Real Estate Investment Trust for 11 million. The property, located at 11 Changi North Way, is a
        65 words
    • 368 7  -  Recognition given for set-up of world-class operations there By MATTHEW PHAN SEMBCORP Utilities is being awarded the 2005 International Business Award tonight by UK Trade Investment, a British government organisation that helps companies to locate in the UK. The award recognises SembCorp Utilities' "world class
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  • Page 7 Advertisements
    • 116 7 ■"AT m d Alban Tay Mahtani de Silva i i i J it' 11 > We would like to thank all our clients, peers and colleagues for voting us as the top Intellectual Property firm in Singapore at the recent Asia Law IP v Awards 2005. But we are not
      116 words


  • SINGAPORE NEWS
    • 775 9  -  Construction reverses 5 quarters of contraction with 0.5% expansion By NANDE KHIN THE strong 7 per cent growth of the economy in the third quarter was powered by a surge in manufacturing led by pharmaceuticals, and boosted by a broad-based expansion across all
      775 words
    • 337 9  -  Revolving accounts percentage falls for 9th straight month By CONRAD TAN PEOPLE are using their credit cards more but more responsibly. The proportion of credit card holders who fail to pay their bills on time fell in the third quarter, Singapore's consumer
      337 words
    • 223 9 THE Association of South-east Asian Nations and the US have issued a joint vision statement to mark the start of the Asean-US Enhanced Partnership aimed at broadening and deepening cooperation between the regional grouping and the US. The enhanced partnership a product of the AseanUS Post-Ministerial
      223 words
    • 155 10 FIVE Singapore-based companies yesterday signed a memorandum of understanding to form the Greenhouse Gas Emissions Reduction Group. The group, supported by the International Enterprise Singapore's International Partners (iPartners) programme, aims to develop projects which help mitigate the adverse effects of global warming.
      155 words
    • 207 10 TO honour the nation's new generation of outstanding women achievers, Singapore's Women's Weekly magazine gave out The Great Women Of Our Time awards last night, which recognise excellence, leadership and performance across six categories. Trina Liang-Lin, who heads the Asia Fixed Income Research
      ARTHUR LEE  -  207 words
    • 720 10  -  Founder members can get up to $1,500 in cash and $1.500 in vouchers By NANDE KHIN AN END to the saga surrounding the Raffles Town Club (RTC) seems to be in sight, with members reacting positively to the club's new proposed scheme of
      FILE PHOTO  -  720 words
    • 380 10  -  By LEE KIM SIANG A $120 million programme is being set up to help develop the infocomm sector and its future employees. The scheme, to be known as the Infocomm Manpower Development Roadmap, was announced yesterday by Senior Minister of State for Information, Communications and
      380 words
    • 349 10  -  By UMA SHANKARI FIVE companies hailing from a variety of industries received the Economic Development Board's (EDB) Regional Headquarters Award yesterday. Among them were human resources service provider The GMP Group, IT media company Hardware Zone, iNETest Resources, which develops engineering solutions for
      349 words
    • 263 10 THE red dot design award celebrated its Singapore debut yesterday, the first time the prestigious international competition was held outside its home of Essen, Germany. The ceremony yesterday evening coincided with the opening of the red dot museum, which showcases winners of the
      263 words
  • Page 9 Advertisements
    • 157 9 < 'M c* fSt r« f < v* i% <■ >£f -V' y #gf L mm Wl# IsmK II 11|i 11%011W w 48 hours ttoiflo k 11 v 1 I\ 0. h 1 hotel whefe it all comes together i- 'V f r' j i„ 1 ,IQ> i i m
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  • Page 10 Advertisements
    • 1258 10 CHINA MERCHANTS HOUMNQS (PACVIQ UMTED Singapore's largest listed toll road company posts 15% rise in net profit in 3Q05 Consolidated Profit and Loss Accounts Group Third quarter ended 30 September Nine-month period ended 30 September 2005 2004 2005 2004 Actual Proforma Change Actual Proforma Change HKS'OOO HKS'OOO HKS'OOO HKS'OOO Revenue
      1,258 words

  • ECONOMY WATCH
    • 876 11 Wednesday's weekly sale fails to prevent metal rising to a record Bloomberg [LONDON] China's government may sell another US$4OO million of stockpiled copper to drive down prices and raise funds to cover investment losses by one of its traders.
      Bloomberg; BLOOMBERG  -  876 words
    • 492 11 Reuters [LONDON] The big lossmaking short position that a Chinese trader is said to have built up in copper futures will not cause the London Metal Exchange (LME) to melt down, although its brokers could end up out of pocket. Trades on
      Reuters  -  492 words
    • 374 11 LATEST US DATA Reuters [WASHINGTON] US housing starts fell 5.6 per cent in October as construction of both single-family and mul-ti-family homes slid, while a drop in permits for future groundbreaking "was the largest in more than six years, the government said yesterday.
      Reuters  -  374 words
    • 403 11 AP [TOKYO] Many Japanese think-tanks have raised their economic forecasts for the year ending in March, after healthy third-quarter gross domestic product (GDP) data suggested the world's second-largest economy is recovering after more than a decade of stagnation. Japan's major thinktanks now expect
      AP  -  403 words
    • 290 11 [JAKARTA] With unemployment on the rise due to the recent economic slowdown, the government must step up reform efforts to attract more labour-in-tensive investments into the country, says a report in the Jakarta Post, citing analysts. Three classical problems that participants of an
      290 words
    • 474 11 Inflows indicate strong vote of market confidence in US assets [NEW YORK/LONDON] Foreign investors poured a record US$lOl.9 billion into US assets in September, according to Treasury data that eased market concerns about funding the US current account deficit and propelled the
      474 words
  • Page 11 Advertisements
    • 88 11 Credentials: Services: In Shanghai since 1997 Company incorporation Serving FIEs (SME MNC Fortune 500) Bookkeeping payroll processing Qualified PRC Int'l accountants PRC audit, tax annual returns Proven track records Internal audit risk management Managed/supervised by Singaporeans Due-diligence background checks Shanghai LSC Management Consultants Co., Ltd. IS) Shanghai LSC Certified Public
      88 words

  • MALAYSIA/INDONESIA
    • 411 12 Most reached their 2005 valuations with price increases of 40-50% [KUALA LUMPUR] Plantation shares may consolidate in the short term after their recent price rally on Bursa Malaysia, commodity analysts say. But they add that whether that happens depends on the direction of crude palm
      Source: Bloomberg  -  411 words
    • 311 12 Maybank's Q1 profit rises 21 to RM673m Reuters [KUALA LUMPUR] Malayan Banking Bhd (Maybank), Malaysia's largest publicly traded firm, said yesterday first-quarter profit rose 21 per cent due to higher noninterest income, and it would give shareholders a dividend. Maybank, in the midst of buying a stake in an insurer,
      Reuters  -  311 words
    • 328 12 [JAKARTA] The government's plan to establish the world's largest area of oil palm plantations which would also serve as a buffer zone, along the border between Indonesia and Malaysia on Borneo island will in fact lead to economic losses, the Jakarta Post reported
      328 words
    • BRIEFLY ASIA
      • 55 12 Reuters [HONG KONG] Top mainland fixed-line carrier China Telecom aims to introduce international strategic investors that may include NTT DoCoMo, France Telecom or Verizon Communications, a Hong Kong newspaper reported yesterday, quoting sources. The Sing Tao Daily said the company sought to enhance management expertise,
        Reuters  -  55 words
      • 98 12 Reuters [KUALA LUMPUR] Telekom Malaysia Bhd, said it had filed a legal notice to try and annul a lawsuit decided against it by an international court, calling it unenforceable in the country. In September, an international arbitration court ruled that Telekom's mobile-phone unit, Celcom
        Reuters  -  98 words
      • 46 12 Bloomberg [HONG KONG] Asia's human death toll from avian influenza reached at least 67 after the deaths of two women in Indonesia and confirmation on Wednesday of China's first cases, which prompted Hong Kong to tighten border controls.
        Bloomberg  -  46 words
    • 4639 12 UNIT TRUSTS FUNDS CM Money SingDollar Class I 1.0862/ Cit Pan-Europe Equity Find 1291 CmSetect Asia fid Balanced 1.46/ A I A,^ M9t(Sp0re) CmSdect Asia Tit Growth 1.44/ Star Europe Eqty! 0*2/ oaSelect Asa T* Erti Gr* 1.36/ Star Euope Bond .121/ CitiSelect Global Growth 1.1# Star Eirope Bal .131
      4,639 words

  • GREATER CHINA
    • 288 13 Bloomberg [SEOUL] Alibaba.com, China's biggest online retailer and the owner of Yahoo Inc's brand in China, is planning an initial public offering (IPO) in the US in the next "three to five years", chief executive Jack Ma said. An IPO
      Bloomberg  -  288 words
    • 258 13 AFP [HONG KONG] Beijing has stopped plans to allow foreign newspapers to print in mainland China out of concern they could help foment political unrest, a news report said yesterday. The Financial Times quoted a senior Chinese media regulator as saying Beijing had watched
      AFP  -  258 words
    • 540 13 New rules said to have been circulated to some domestic insurance companies Reuters [SHANGHAI] China's regulators plan to allow mainland insurers to broaden their investments into areas such as asset-backed securities and infrastructure projects, sources close to the situation said this week. Chinese
      Reuters  -  540 words
    • 424 13 Reuters, Bloomberg [BEIJING] China's biggest bank. Industrial and Commercial Bank of China Co (ICBC) said yesterday fee income in the first 10 months of the year rose 23 per cent from a year earlier to 10.4 billion yuan (552.2 billion). Fee income now
      Reuters,; Bloomberg  -  424 words
  • Page 13 Advertisements
    • 89 13 Who would've imagined a mobile phone could project images to a TV? At Samsung, we did. imagine the power megapixel camera "Once The phone is connected to the "TV or projector screen using a TV output cable, navigation will take place via the TV or projector screen. Output resoluTiorvquaWy from
      89 words
    • 27 13 j at the end of 19 per cent from I last year, after period a yea US$l5 billion B B JBBBtBi B wwWyßßr B^gW'iyA|S BmBB v f
      27 words

  • GREATER CHINA/INDIA
    • 600 14 Greater interest among institutions but retail investors more cautious Bloomberg. Reuters [HONG KONG] Hong Kong's government drew at least U5539.2 billion of demand from investors for the city's first sale of a property trust, people involved in the transaction said. Hong Kong individual
      Bloomberg.; Reuters; REUTERS  -  600 words
    • 334 14 Bloomberg [NEW DELHI] Motorola Inc, the world's second biggest mobile phone maker, will start assembling low-cost handsets in India as a step toward full-fledged manufacturing operations. Motorola will start selling its first "made-in-In-dia" CI 15 mobile handset by mid-December, Allen Burnes, corporate
      Bloomberg  -  334 words
    • 466 14 This will take place by March to spur govt asset-sale programme: minister [NEW DELHI] India's communist-backed government said it hoped to sell minority stakes in some small state-run firms by the fiscal year-end in March to revitalise its stalled asset-sale programme. Finance
      466 words
  • Page 14 Advertisements
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  • INDIA
    • 642 15 Bank raising capital as loans in India rise 50% in six months ended Sept Bloomberg [SINGAPORE] ICICI Bank Ltd, India's biggest privately owned lender in which Singapore investment company Temasek Holdings has a 9 per cent stake, will sell 70 billion rupees (552.6 billion)
      Bloomberg; BLOOMBERG  -  642 words
    • 199 15 AP [NEW DELHI] In a blow to the country's liberalisation efforts, the Indian government yesterday delayed plans to ease restrictions on foreign investments, apparently because of differences within the Cabinet. Commerce and Industry Minister Kamal Nath said after a Cabinet meeting that a panel of
      AP  -  199 words
    • 258 15 [NEW DELHI] In a strong pointer to India Inc's growing stature globally, as many as 20 Indian companies, including Bharat Forge, Dabur India, Satyam Computer Services and Nagaijuna Constructions, figure in the Forbes list of best small Asian companies. The Asia-Pacific list,
      258 words
  • Page 15 Advertisements
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      119 words

  • ASIA-PACIFIC/WORLD
    • 561 16  -  Nikkei 225 surged as market sensed that authorities' hands are tied By ANTHONY ROWLEY in Tokyo TOKYO stock prices leapt to a new four-and-a-half year high yesterday as a leading international securities firm suggested that they could explode in Japan's new easy-money
      561 words
    • Article, Illustration
      353 16  -  Round-the-World Yacht Race. Leg 2 Race 3 Clipper Ventures AFTER 4,200 miles of transatlantic racing, Liverpool 08 managed to overhaul Uniquely Singapore in the final miles of race 3 yesterday to take fifth place by just three boat lengths. •After days of extremely close racing with often Just
      353 words
    • 350 16 [SYDNEY] The 7 per cent fall in Telstra's share price sparked by this week's dramatic strategic review will not affect the timetable of the Australian company's full privatisation, the Financial Times reported yesterday quoting the government minister in charge of the sale. Canberra plans
      350 words
    • WORLD WATCH
      • 90 16 AFP [FRANKFURT] German lender Commerzbank announced a deal to buy real estate financier Eurohypo yesterday and become the second-biggest bank in Germany after Deutsche Bank. The deal was worth 4.6 billion euros (559.2 billion). The bank said it had agreed to buy out its
        AFP  -  90 words
      • 80 16 AP [TOKYO] At least 14 buildings in and around Tokyo, including one hotel, may collapse in a moderate earthquake because the construction firm that designed them failed to comply with legal quake resistance requirements, the government and news reports said yesterday. The company,
        AP  -  80 words
      • 77 16 Reuters [LONDON] France's Saint-Gobain will buy BPB Pic for an agreed £3.89 billion (Ssl 1.5 billion) in cash after raising its offer to win control of the British firm's fast-growing plasterboard business. Saint-Gobain said it would pay 775 pence a share, up from its
        Reuters  -  77 words
      • 57 16 Reuters [LONDON] Man Group posted a better than expected rise in first half profit yesterday but said the acquisition of Refco's regulated futures brokerage won't boost earnings until April 2007. Man Group said profits before tax rose 59 per cent to US$576 million
        Reuters  -  57 words
      • 76 16 Reuters [VANCOUVER] Shareholders of ID Biomedical Corp approved a Csl.7 billion (552.4 billion) takeover bid by GlaxoSmithKline on Wednesday. The company told a special shareholder meeting here that it had received a sufficient number of proxies to approve the deal. Glaxo offered Cs3s for
        Reuters  -  76 words
    • 2281 16 1 1 W- (H8> Gaming 19.70 -0.10 1935 George Kent .0.59 unch 21 ASM Realty 151 unch 0 GHLSystems jO.IO until 10 l tl 13 GtobetronksTeth £37 unch 1536 ACPInAjstnes 0.63 unch 8 GiomacBhd 1 JO -0.02 143 Advance Synergy 032 0.00 56 Gold Bridge Engrg 0.12 unch
      2,281 words
    • 235 16 Reuters [BANGKOK] Thailand is moving fast to ramp up production of an alternative fuel thanks to its large output of crops, such as sugar. The country is fast developing gasohol, a blend of gasoline and plant-based ethanol. The government hopes the
      Reuters  -  235 words
    • 741 17 They have 4-year lead in technology that is finally taking off globally NYT [TOKYO] Cellphones here have cash chips that let shoppers swipe them at the register like debit cards. They have crisp colour screens for watching television shows and music
      NYT; AFP  -  741 words
    • 246 17 Reuters [LONDON] Macquarie Bank, which is considering a bid for the London Stock Exchange (LSE), has taken former Deutsche Boerse chief executive Werner Seifert as an adviser, newspaper reports said yesterday. Mr Seifert will be one of several advisers to Australia's biggest bank.
      Reuters  -  246 words
    • 223 17 Reuters [LONDON] Woe un2mnkind! The text message is trying to summarise the great poet John Milton and a respected British academic thinks this may be a smart new way to teach literature. A British company offering mobile phones to students has hired John Sutherland,
      Reuters  -  223 words
    • 352 17 Bloomberg [NEW YORK] US antitrust regulators approved two big acquisitions by the New York Stock Exchange (NYSE) and Nasdaq Stock Market, setting the stage for the creation of two exchanges that will dominate stock trading in the US. The Department of Justice said that
      Bloomberg  -  352 words
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    • 1118 17 UNITED INDUSTRIAL CORPORATION LIMITED (Co. Reg. No. *****0181 El (Incorporated in tfie Republic of Singapore) LOST CERTIFICATES Application has been made to the Directors of the abovenamed Company to issue duplicate certificates in place of the following certificates which have been reported lost or destroyed:Certificates No. Name Na ofShores *****878
      1,118 words
    • 840 17 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF MILLER PROPERTIES PTE LTD (IN MEMBERS' VOLUNTARY UQUIDATION) (Co. Reg. No. *****1807G) At an Extraordinary General Meeting of the Members of MILLER PROPERTIES PTE LTD, duly convened and held at 5001 Beach Road #07-25 Golden Mile
      840 words
    • 827 17 IN THE MATTER OF THE COMPANIES ACT (CAP 50,1994 Ed) AND IN THE MATTER OF NEOCORP INNOVATIONS PTE LTD (In Creditors' Voluntary Liquidation) (Company Reg. No. *****5366H) NOTICE OF RESOLUTION At an Extraordinary General Meeting ot the members of the abovenamed Company duly convened and held at International Factors Building.
      827 words

  • AVIATION
    • 633 18 Problems include regulatory issues, poor infrastructure and many players Reuters [MUMBAI] Indian airlines are expanding operations to feed rapidly growing domestic air travel, but high valuations and tough competition are keeping investors at bay. Last week, Singapore investment company Temasek Holdings
      Reuters; BLOOMBERG  -  633 words
    • 282 18 Reuters [TAIPEI] Taiwan's China Airlines Ltd plans to buy a 20 per cent stake in Hong Kongbased China Aircraft Services Ltd (CASL) for HK$5B million (5512.7 million), an executive said yesterday, the latest move in its drive into the
      Reuters  -  282 words
    • LOG BOOK
      • 64 18 AFP [BUSAN, South Korea] Air Asia chief executive Tony Fernandes yesterday expressed strong interest in the South Korean market, saying low-cost carriers could compete with the nation's two big airlines. "I think this is a fantastic market," Mr Fernandes told journalists after attending a meeting
        AFP  -  64 words
      • 95 18 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, the third-most profitable carrier in the Asia-Pacific region, will raise ticket surcharges from next month, the fourth increase this year, to pass on some of the rising fuel costs to customers. The airline won approval from Hong Kong's
        Bloomberg  -  95 words
      • 39 18 AP [TOKYO] Authorities launched raids yesterday aimed at Japan's main international airport and several electronics companies over suspected bid-rigging in electrical installation projects at the airport, media reports and company officials said.
        AP  -  39 words
    • 369 18 AP [KUALA LUMPUR] A senior Airbus official acknowledged yesterday that Boeing's new, slightly bigger 747 jet will pressure the European jetmaker's A3BO superjumbo but said the move shows its US archrival recognises there is demand for larger planes. "It will increase the
      AP  -  369 words
    • 229 18 LAT-WP [WASHINGTON] While airline passengers endure extensive and sometimes invasive security screening, the cargo in the hold just beneath their seats is barely checked, a new federal report says. The report, issued Wednesday by the Government Accountability Office, identifies significant vulnerabilities in the Department
      LAT-WP  -  229 words
    • 486 18 Mr Howard raises issue with PM Lee at sidelines of Apec forum in Busan [SINGAPORE] Australian carrier Qantas and Singapore Airlines should work more closely together and maybe even merge one day, Australian Prime Minister John Howard again suggested yesterday. Australia's
      486 words
    • 584 18 CITY MOT IT* m«IT IIP 535 S0146 1640 ZL 11 W8g 11-11 |jjj|j Ja flijj8 I ll ZT"Sj 81 *r ai bi t™ Iil M H5flwi CA957 0655 CA958 0745 m Mm 1 If 1 —a li Ji H llil I I if If 5S HH
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  • SHIPPING
    • 466 19 It wants an equal mix of box, dry bulk and energy business over time Bloomberg [TOKYO] Kawasaki Kisen Kaisha Ltd, Japan's thirdlargest shipping company, said that it plans to carry more iron ore, oil and other materials to cut its dependence
      Bloomberg; FILE PHOTO  -  466 words
    • 332 19 Spokesman mum on financials; operations to begin in Q2 next year Bloomberg HUTCHISON Whampoa Ltd, the world's biggest port operator, will help build and operate 10 container berths in Oman as it expands in the Middle East. The company's Hutchison Port Holdings
      Bloomberg  -  332 words
    • 501 19 Bloomberg [SYDNEY] Patrick Corp, the Australian ports operator defending a A 54.7 billion (Sss.B billion) hostile bid from Toll Holdings Ltd, yesterday reported secondhalf profit dropped 25 per cent as record fuel costs halved earnings at its Virgin Blue airline. Net
      Bloomberg; BLOOMBERG  -  501 words
    • 632 19 Earnings of LGCs up US$50,000 at US$1.35m a month Bloomberg [OSLO] The cost of shipping liquefied petroleum gas (LPG) on tankers loading 30,000-60,000 cubic metres has risen to a record high because of a shortage of vessels. The market "carried
      Bloomberg  -  632 words
    • 733 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE consignee of a cargo of uninsured bananas has lost a court action in England to recover damages from a bank that arrested the vessel carrying them after the bananas had to be destroyed following the arrest. Last Friday, the
      733 words
    • 293 19 SGX '000 Way 17 g W- Vol CH Offshore .0.37 unch 149 ChuanHup 0.82 -0.01 3696 Cosco Corporation.... 22S -0.03 8994 CWT Distribution .0.82 0.01 Ezra Hldqs 136 unch 627 Freight Links 0.06 unch 178 Grand Banks Yacht .0.91 -0.02 7 Java Holdings 1.22 -0.03 118 K1 Venture
      293 words

  • EDITORIAL & OPINION
    • 518 20 EDITORIAL THE track record of the current round of World Trade Organisation (WTO) talks has been dismal so far: the Seattle and Cancun meetings ended acrimoniously. Now it looks as if the upcoming Hong Kong ministerial conference is as good as doomed, though there is one
      518 words
    • 768 20  -  THE BOTTOM LINE HARISH MEHTA IN response to high international prices, and a weak US dollar, dairy product exports from the United States are set to increase further after reaching record levels in 2004, says the United Nations Food and Agricultural
      768 words
    • 1289 20  -  The govt has its work cut out to engineer some semblance of national self-sufficiency By AASIM SAJJAD AKHTAR OVER six years ago, ex-Citibanker Shaukat Aziz was inducted into the cabinet of Pervez Musharraf as finance minister. For most of this time, Mr Musharraf has
      AP  -  1,289 words
    • 1225 21  -  Foreign investors' appetite for US Treasuries wanes, pushing yields to the highest this year By JOSHUA KRONGOLD Bloomberg THE United States government is growing more dependent on investors from abroad just as their appetite for Treasury securities is waning. Overseas investors, who own half of
      Bloomberg; BLOOMBERG  -  1,225 words
    • 265 21  -  LETTERS TO THE EDITOR Michelle Ang Deputy director, communications National Kidney Foundation WE refer to media reports on the transfer of the National Kidney Foundation (NKF) Cancer Fund to the Singapore Cancer Society. Various media reports created the impression that the $4.48 million
      265 words
    • 128 21  -  George Tang Executive Director Group Corporate Communications MUI Properties Bhd WE refer to your report "Malaysian tycoon enters fray on side of Southern Bank boss" (BT, Nov 16). We find this article mischievous, untrue and without any basis. Our acquisition of a 4.03 per cent
      128 words
    • 743 21  -  ANDY MUKHERJEE Bloomberg EGGED on by US Trade Representative Robert Portman, Asia-Pacific ministers toiled furiously this week to produce a text that could end the stalemate in global trade talks. It looks like the entire effort was a big waste of time. Portman's haste is
      Bloomberg; AFP  -  743 words

  • Page 21 Advertisements
    • 103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • 10441 22 SGX MAINBOARD 52 WV Tal Last Vol Day last Quota GrOtv Dtv GrYtd Nd MCap High Low Coda Company Salt fOOO) High Low »uyar SaMr Cvr WE imS 7.5 2 5716 1st Software 5c 2.5 unch 571 2.5 2.5 2.5 3 10.1 23.5 6 3148 8TelecomUS2c 7 unch
    10,441 words

  • 6556 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In locJi curr In SS In UM dy yr dy yr dy %yt 1* Indtn Ch»ng« Chnnp* Chanqn Ch«nq« Changa Chnwg* Wotki inoei Preliminary 9349 ftl 9.7 OO 73 -0.1 33 I EAFt Preliminary 9171 ftp 18.7 -03 ai -04 33 Europe Preliminary
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  • Page 24 Advertisements
    • 1273 24 II jljilj if t NYK GROUP SOUTH ASIA PTE LTD r Mli lkjrwrwr A#m rw* YJT TEL *****123 \v \XV A Aline t&gjdf M Mm LINE Fax:6292 2856(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) W NIPPON YUSEN KAISHA TOKYO W»*KU KASHA. ua (C/R NO: **********0E) SI NATO* (5.1.A.) Pf I*4 Main lir»: >65 6536-2750
      1,273 words
    • 587 24 IINTHAHA RORO MIVICI VSSa/VOY MWKKT) HBGHTQH) WO KM IP SW JKT ST«AITS VOmiK 23/05 IS 3i 10/11 13/1) 17/11 20/11 22/11 STRAITS VENTURE 24/05 IS 3J 24/11 27/11 30/11 03/12 OS/12 STRAITS VENTURE 24/05 IS 3.2 11/12 25/12 21/12 01/01 03/01 IAUIHAUAW «0«0 MtVKI VBsa/voT mwrorn hbghtwd lo sm wa
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    • 1308 25 www.homburflsud.coni H ASIA SERVKI SUNG 1 (EXPORT) HSU SERVICE SUNG 1 (EXPORT) Vtml/Vtre SHWAPORE PURiAN StftTWi SANTOS ITAJAI PARANAGMA Vwnl/Vmw HHMI MKM MJMH MB mm Cop Frio 505W 23/11 04/12 14/12 15/12 17/12 11/12 Iris 02«W 19/11 12/12 15/12 17/12 10/12 (MmodortOUW 30/11 11/12 21/12 22/12 24/12 25/12 Cop tgufos
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    • 1171 25 rasa voy sjw jkt hkg khh iik kyh pus vessel voy sir jkt sui hkg usw pus HTIBBK 103S 24/11 26/11 1/1? VI? VI? 7/1? 7/1? KMTCPUSAM 513S 20/11 0/11 24/11 29/11 03/12 04/1? HY YUUMVOSTOK IMS 1/12 3/1? «/12 10/12 12/1214/1214/12 KMTC SIWGAPOKE SUS 27/11 30/11 1/12 4/12 10/12
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    • 752 25 m a axs,* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VtSStL VOY SW MUIIG COLOMBO IN. SHIVA COLOMBO KOTA rOWIU YFWO73 07 NOV 08 NOV II NOV 14 NOV 17 NOV iilftlhaitfmi -SBW TTiBv —sBir HNftv )•> n6v »n6v~ iajiv uxDHi aom ?i nov
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  • Page 26 Advertisements
    • 1380 26 WAN HAI INTERNATIONAL FT! LID CR NO: **********0/R VTrA iiilll 11 A MiiP#! HL*****5M (14LINES) FAX:*****163 \AM WAN HAI I INF\ Cwh«w Strvia/Booktags Dfrtd Um (1800) *****200 V llVllllll llfll HO IB: (03) 3)*****0 MX: 03) 3X*****1010: (04) *****00 ML M&2lUlt V* JOH IB: |07) *****23 HUb 107)*****21 SUA 1031)
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    • 1054 26 vtssa VOY SM PCU vtssa VOT sm XT PAC lAMDA 1604N 19/11 If/II MCMOM *325 ~~il7Tl 22/11 ncumk 1605N 20/u 2i/n iiS—zfflzzzgmzz cy 2301 0202P 21/11 23/11 fX HMTAM »324 24/11 29/11 -M 188 W SOU- SSL —s —BS—as— —ag-:— —Bfti-iss 1 Is Isfehifljl T T vtssa yoY sm rm
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    • 617 26 BSA x MYANMA ■ERE five star une (MyoMMr National Line) Loadiog for Ymjoi VESSEL VOY SIN P*l PEN PGU PAGAN 34CW SID PAGAN 349W SU> IN MAUYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-300St3U PEN: 04-*****1S ACCEPTING CONVENTIONAL C6O VESSa VOYWGSM PKL KCH TM ITU SDK TWI SWSTBMU 1 SID SU) SID
      617 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7935 27 ETA ETA Advartfcar Vassal Voyaga Tatephona HA ETA Advartbar Vassal Voyaoa S™ Name Name Nurobar Numbar SIN Dasfn Mama Nama ttSnKr Nwntw <v ma mmmmmmm&mm 3<V11 09/12 ECl FRIENDLY ACE 17 *****555 0 ABIDJAN (ABJ/ 2003 Cote D lvoire To BENETE BAY (BEN) 2560 Indonesia
      7,935 words
  • Page 27 Advertisements
    • 365 27 ijfel Taiwan ESa (2ESEZ), kee/khh/txo Bffl V_ USA All IPI via LAX/NYC (MLB/AWS) LCL/FCL gates! HUB MARINE PTE LTD BOOKING: *****375/710 MAINLINE: *****866 FAX: *****066 OPfl CODE "OZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****535, MEUNA LEE: *****187 moAwo 'TWiSOitw VESSEL I VOYAGE PKG SIN Y6M VESSEL YOYA6E SIN
      365 words
    • 310 27 FREIGHT LINKS EXPRESS PTE LTD II jfffr 51 Pen j uru Level, II X 3reSS st centre Si n gap° re *****3 Website:http://www.freightlinks.net SOUTH AMERICA CHILE SB AQABA BUENOS AIRES SANTOS RIO GRANDE W*% RIO DE JANEIRO VALPARAISO CALLAO CANADA ALEXANDRIA MALTA MAHE GENOA -PANAMA CEBU DALIAN HONG KONG JAKARTA
      310 words
    • 223 27 ■JWSBHI TIGER SKY 337N 22 23/11 29-01/12 06-07/12 1 BaUjUi|a||| TIGER WAVE 338N 26 27/11 02-04/12 10-11/12 I ESQImSKY 339* 29-30/11 06-01/12 13-14/12 BMMBfI TIGER SU 340N 03 04/12 09-11/12 17-11/12 I PBHBMSIOf 341N 06-07/12 13-15/12 20-21/12 ■WfflWß TIGER SPIRIT 112 21-22/11 29-01/12 1 0-11/12 I ■UUUfIXPRESLHOTSE 632 30-01/12 OS-U/12
      223 words


  • PROFILE/CULTURE
    • 1152 29  -  Indian film director Shekhar Kapur talks to PARVATHI NAYAR about Hollywood, S'pore's potential as a global media hub and his future projects PARVATHI NAYAR MM OU think you g have jumped, atB tached to a parachute. You manipulate its controls left,
      YEN MENG JIIN  -  1,152 words
    • 604 29  -  By CHEAH UI-HOON THE year was 1907, and Hungarian adventurer/explorer Aurel Stein, in his 40s, was traversing China's famous Silk Road for the second time when he heard rumours about the discovery of a cave fiiled with ancient manuscripts. "The Caves of the Thousand Buddhas"
      BRITISH LIBRARY  -  604 words
  • Page 29 Advertisements
    • 56 29 HOTEL PHOENIX BP feH SHn jgMßi K kwjKpfl I Winte Creusct and Bcrndps products in our lucky draw for participants of our cooking classes. j||l I I I O LECREUSET [Sjfel jfl Mod c HOTEL PHOENIX f§ .S| For enquiries plesse cell 6233 6129 6233 6151 277 orchardRoadsmoapofs*****8 3 http://vvww.hotelphoeriixsingapore.com/PnoenixCafeDeploy/promotions
      56 words

  • ENTERTAINMENT/ARTS
    • 627 30  -  MUSIC By MATTHEW PHAN LAO Jiu: The Musical is better for what it tries to do than for what it actually does, and perhaps that is a good enough effort. There is no real point dwelling on the production's weak points passable,
      627 words
    • 864 30  -  CINEMA The latest film in the series does a great job of adapting the book for cinematic needs, unlike the too-linear treatments of the first two, says PARVATHI NAYAR PARVATHI NAYAR SEX Pistols founder Malcolm McLaren at the Beyond 2005 creative summit earlier this week delivered
      864 words
    • 687 30  -  By PARVATHI NAYAR NOT figurative but not yet completely abstract, the ink paintings of 2000 Nobel Laureate Gao Xingjian invite contemplation. Titled Gao Xingjian Experience, the show at the Singapore Art Museum (SAM) is the first major retrospective of the writer/painter in Asia.
      687 words
  • Page 30 Miscellaneous
    • 329 30 CRYPTIC CROSSWORD Arancc Montgolfiers (3,3) rj 4On the heather there's bril--7 Food officer to meet you and lj ant (8) me more than once (8) 5 Rode out to fight creating a 9 Emperor wants paintings re- racket (10) turned before start of year (6) 6 strand's colour (6) 10
      329 words

  • WINE
    • 1054 31  -  RANDY SEE gives some tips on how to start one and the best way of storing the bottles RANDY SEE WHEN your cocktail party small talk drifts into wine collection, a mental image of a cold, dark room complete with wooden racks full of bottles and
      1,054 words
    • 683 31  -  By GREG WALDRON THE cliche "good to the last drop" does not necessarily apply to red wine. At the bottom of the last glass poured from most bottles, one will find what is called sediment in wine circles. Despite its name, sediment does not consist of
      683 words
    • 532 31  -  WINE 101 By TOMMY LAM BORDEAUX is undoubtedly one of the most important and complex wine growing regions in the world. Its wine is known for its remarkable longevity in its great years, the aging potential of Bordeaux's wines is unmatched by any other wines
      532 words
  • Page 31 Advertisements
    • 26 31 V I N U X M FINE %I N E ME R G *i#4 rs SIMCAPOIE KUALA llMllOl Robuehon's jl^B Champagne oWjioiep AvaHaWetHusiwty from fine Merchants
      26 words
    • 253 31 MgaKaaß |MB||AmmAH A brand new range of wine cabinets from Eurocave with leading edge technology in temperature, humidity, filter, door closure and cabinet functions monitoring and controls including visual and H|| sound alerts. I 1 T»w>»ntM> CaHMt V2U itoWm MnL 240 bottlM* GEORGE WYNDHAM was a man of I L
      253 words

  • executive lifestyle
    • 616 32  - A God of Fortune hat or a Christmas bow off the cuff jaime ee DEAR People, This is the God of Fortune, and I feel compelled to tell you: That is NOT my hat sitting on top of the "Season's Greetings" arch at the Orchard/Scotts Road junction. My real hat
      616 words
    • 1538 32  -  JUSTINE MOSS looks at how the game has become increasingly popular as a public relations and networking tool with companies here JUSTINE MOSS THE corporate golf day or how to play 18 holes during office hours and get away with it is big business in Singapore.
      FILE PHOTO  -  1,538 words
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