The Business Times, 6 December 2005
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2005-12-06
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The Business Times
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Title Section17 2005-12-06 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 089/03/2005 Tuesday December 06,200517 words
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Article, Illustration1062 2005-12-06 1 WONG WEI KONG - Together with parent CAOHC, they will inject US$130m into China jet fuel trader By WONG WEI KONG [SINGAPORE] Oil giant BP and Singapore investment company Temasek have emerged as investors in China Aviation Oil (Singapore) or CAO, a major breakthrough for the company whichARTHUR LEE - 1,062 words
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455 2005-12-06 1 ROLAND LIM - Govt wants to draw more overseas players to S'pore By ROLAND LIM [SINGAPORE] The Economic Development Board of Singapore (EDB) has committed a billion dollars over the next 10 years to boost digital media. Speaking at the launch of leading game publisher Electronic455 words
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Page 1 Advertisements
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Advertisement7 2005-12-06 1 OBITUARY Fbrmer Citigroup S'pore head dies pg47 words
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Advertisement19 2005-12-06 1 COLLECTIVE SALES Cairnhill Gardens, Amberville up for en bloc sale PGI2 mi 8 'sszisraootK Markets Digest on Pg 219 words
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Advertisement12 2005-12-06 1 SMESPOTLIGHT PGI6 Ifej RESIDENTIAL PROPERTY Is speculations the rise? PG2 IJb flrA^gl12 words
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Advertisement10 2005-12-06 1 Deal f^AQIK| Vl US$75.77 million ?6 a,8 t^Ste Suing CAfftaediton10 words
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TOP STORIES
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Article620 2005-12-06 2 Budiono named Indonesian chief economic minister INDONESIAN President Susilo Bambang Yudhoyono yesterday named former finance minister Budiono the coordinating minister for economic affairs in a bid to curb inflation and help the economy recover from a slowdown. Mr Budiono, 62, replaces Aburizal Bakrie, who becomes the coordinating minister620 words
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Article133 2005-12-06 2 ST! 233L61 (40.09) ST INDEX FUTURES 2331.00 (unch) siMsa ***** (+0.25) SIMSa FUTURES 276.50(40.50) MARKETS Monday Change KLSECOMP 885.48 +0.34 NIKKEI 225 15,551.31 +129,71 HANG SENG 15.158.82 -41.56 SET INDEX Closed JAKARTACOMP 1,120.58 +1.16 MANILA COMP 2,116.30 +1.41 SEOUL COMF 1.315.15 +5.03 SHENZHEN B 190.21 -3.86 MUMBAIIND 8,823.31133 words
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513 2005-12-06 2 ANGELA TAN - But the stake could be lower than what Temasek sought By ANGELA TAN [SINGAPORE] After months of negotiations, Temasek Holdings has finally obtained approval from Chinese authorities to buy a major stake in the Bank of China (BOC), sources said yesterday. The513 words
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Article, Illustration794 2005-12-06 2 KALPANA RASHIWALA - Consultancy DTZ expects momentum to strengthen By KALPANA RASHIWALA [SINGAPORE] Subsale activity often used as a proxy for the level of speculation in the property market is stil relatively low for private apartments and condominium units, but has nonetheless been pickingSource: URA,DTZ 2000 - 794 words
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550 2005-12-06 4 President replaces Aburizal with Budiono in bid to fight inflation Bloomberg [JAKARTA] Indonesian President Susilo Bambang Yudhoyono yesterday named former finance minister Budiono the Coordinating Minister for Economic Affairs in a bid to curb inflation and help the economy recover from a slowdown. Mr Budiono,Bloomberg - 550 words
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Article, Illustration397 2005-12-06 4 VEN SREENIVASAN - Articulate and urbane, he was well known in local financial and society circles By VEN SREENIVASAN [SINGAPORE] Sunil Sreenivasan, the popular former Citigroup country officer for Singapore, died on Sunday in Budapest, Hungary. Mr Sreenivasan, who had a heart bypass surgery about three years397 words
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473 2005-12-06 4 S JAYASANKARAN - New chief seen stamping her style on M'sian bank By S JAYASANKARAN in Kuala Lumpur BRIDGET Lai Hung Yee, the newly appointed chief executive of Alliance Bank, has cleaned up the bank's books ahead of her tenure by providing473 words
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Page 2 Advertisements
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Advertisement148 2005-12-06 2 M St CATS Recruit The first step on your ladder to success I Executive Diploma in stada "Doing Business in China" led by Fuaan University, a leading university in China Singapore Training and Development Association (STADA) and Fudan University, will jointly launch the inaugural "Executive Diploma in Doing Business in148 words
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Advertisement133 2005-12-06 2 You can avoid the nitty-gritty of the paperwork process by paying us AS LOW AS 60 cents* A DAY for our range of corporate secretarial services. his allows you to have the peace of mind to concentrate on your business. Other Services available include: Nominee Director Merger Acquisition Restructure and133 words
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Advertisement261 2005-12-06 3 ©2005 Samsung Electronics Co. Ltd. Screen images are simulated. *> '-wKm. ,£IK\, M JJL/ M P^H H' V !Vr' ~??fcv J imagine a phone that lets you harness the power of business. Ki Imagine an ultra-sleek phone that has a 2-Megapixel camera with flash, 262KI colour QVGA TFT-LCD screen, views261 words
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Advertisement78 2005-12-06 4 (ontinenfal III) IT WITH t.l RMftll I I MHIContinen'ai is r World Class Pai f m? n Contin«--nrn is .vi Olhr i«r Pa'thrr tin /00< i ,y i f BRING HOME A FREE CONTINENTAl SOCCIFK DAI I M AUTOGRAPHED BY ALAM SHAH WITH 1 V P R t PURCHASE OF78 words
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Advertisement11 2005-12-06 4 I PRIME RESORT HOThH 300 ROOMS*fjp^ freehold DIRECT EXCELLENT PERFORMXI^ffIS I11 words
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Advertisement162 2005-12-06 5 i r-: V t •>' r 1 4T i y v' > I «•V 9 v •y-■ x *> W r 'y v i., r V;JS •"-»!< 1 i-' >• -J--- v. i V'M'. *r.% *r-v.* 1 j W'—v« I i'':* fr ,\i y i i| >■ P »i Jfr-.it162 words
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COMPANY NEWS
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Article, Illustration564 2005-12-06 5 WONG WEI KONG - FOCUS ON CAO Loss in FY ended Dec 31, 2004, follows net profit of $54.3m in 2003 By WONG WEI KONG CHINA Aviation Oil (Singapore) suffered a net loss of $864.8 million in the financial year ended Dec 31 2004, following a net profitARTHUR LEE - 564 words
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619 2005-12-06 5 ANGELA TAN - HOCK LOCK SIEW B. ANGELA TAN DURING the press conference to announce its restructuring yesterday, Gu Yanfei, China Aviation Oil (CAO) special taskforce leader, took every opportunity she got to repeatedly thank its new investors BP and Temasek Holdings. Rightfully so, for the two619 words
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Article, Illustration161 2005-12-06 6 OCBC Bank will donate a total of $2.5 million to the Singapore Children's Society over the next five years, the bank said on Thursday. OCBC was marking the first anniversary of its adoption of the SCS as its official charity. "Through the last year, our161 words
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458 2005-12-06 6 LESLIE YEE - Move comes after DBS, POSB increased their rates in October By LESLIE YEE OCBC Bank and United Overseas Bank (UOB) increased their savings deposit rates, with effect from Dec 1 and yesterday re- spectively. OCBC's increase is its first in two-and-a-half years.458 words
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Article, Illustration269 2005-12-06 6 CONRAD RAJ - By CONRAD RAJ AIROCEAN shares took a tumble yesterday. They were among the biggest losers in percentage terms on the market after the company disclosed on Friday night that its board had bean called up by the Commercial Affairs Department (CAD) over alleged breaches ofSource: Bloomberg - 269 words
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Article, Illustration450 2005-12-06 7 VEN SREENIVASAN - M&A FEVER Del Monte to sell 28.7% to current shareholder MCI for US$118.7m By VEN SREENIVASAN A CONDITIONAL offer by a company controlled by the Salim Group for 40 per cent of Del Monte Pacific has been blocked by a rival450 words
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COMPANY BRIEFS
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99 2005-12-06 7 SESDAQ-LISTED Media Asia Entertainment Group has promoted its executive deputy chairman and executive director John Chong Koon Nam to the chief executive officer position since last Friday. Mr Chong replaces Jerry Liu Wing Leung, who is retiring after the expiry of his service99 words
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114 2005-12-06 7 ADVANCED Holdings' non-executive chairman Emily Choo has placed out four million shares to a US fund. The placement shares which represent about 3.56 per cent of the issued share capital of the designer and provider of process equipment raised the number of shares held by114 words
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116 2005-12-06 7 CONFIRMING press reports on the inquiry of Hong Kong's Insider Dealing Tribunal on Easy knit Internationa] Holdings Ltd s president. CEO and executive director Koon Wing Yee and Tsang Yiu Kai (who will cease to be vice-president and executive director on Dec 10 as116 words
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Article63 2005-12-06 7 Reuters SINGAPORE'S second-largest lender, United Overseas Bank, has set an indicative yield range of 73 to 75 basis points over mid-swaps for its US$500 million perpetual bond, a market source said yesterday. The A2/A-minus-rated deal, which will have a call option exercisable after March 2016, isReuters - 63 words
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266 2005-12-06 7 WONG WEI KONG - By WONG WEI KONG HONGKONG Land has bought more MCL Land shares on the open market after unveiling plans to make an offer for the Singapore residential developer. In a statement yesterday, Hongkong Land said it bought 9.3 million MCL shares,266 words
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Article, Illustration385 2005-12-06 9 OH BOON PING - CHINA DEALS Move is in line with plans to build on the group's regional presence By OH BOON PING AS part of its strategy to sustain its profitability, Metro Holdings, through wholly owned Crown Investments, is pumping US$l5 million into a company thatFlti PHOTO - 385 words
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172 2005-12-06 9 ARTHUR SIM - By ARTHUR SIM THE investment codfc of mainboard-listed Allgreen Properties' first property venture in China may be higher than estimated. About two months after announcing that it would take a stake in a US$49O million mixed development at the Shanghai Expo site172 words
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Article, Illustration293 2005-12-06 9 SUPER Coffeemix Manufacturing is teaming up with Koh Brothers Realty (Shenyang) Co to penetrate the China property market. In a statement to the Singapore Exchange, it said a joint-venture investment holding company, Sentosa Land Pte Ltd (SLPL), will be formed with an initial293 words
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Advertisement51 2005-12-06 6 Efl^vy r^ BMP?* V; M j# Work-Life Excellence Award jp The Work-Life Excellence Award M employers JF committed to helping employees m harmonise their work and personal commitments. Such employers have jB happy enhanced business performance. Apply for the Work-Life Excellence Award See www.wleaward.com.sg for more Organised by the on51 words
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Advertisement17 2005-12-06 6 Head to CATS FASTADS In The New Paper for beauty 8c haircare services! [•■ATS Buyrrsctirr-nMorr 3 t17 words
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Advertisement107 2005-12-06 7 >i I j -if ".I; 1 V> ..'':v. Jl "-*--"*—-v*' «■""<■'■« ■I' mmmMWin <n n iHi>ll .1 n, <MMiiM»w«M«Mt ihiumßi mnipiiiHi>ni n«l 'vwMMaaiNMifMMH^MMIiMMNIMriiMfMMMMMMB if" jgHgtei' Jgarr^iiwifciiiT»i<arfr- < ;v -a^vflfciw WoNk I i i mir 111 I>l>W l I 11 P»>*» I I 'm«i»nH» ntn *huO»i!»iwj>|H»*N l u *m>» n>m n»107 words
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SINGAPORE MARKETS
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Article, Illustration545 2005-12-06 8 R SIVANITHY - STOCKS Excluding foreign currency issues, 625 million units worth $622m were done, down sharply from Friday's $905m R SIVANITHY Senior Correspondent Mk SUDDEN collapse in myk Indonesian pulp and Jf *jjk paper play Unifiber, m renewed pressure M m on freight forwarder Air Ocean andSource: Bloomberg - 545 words
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TRADES TO WATCH
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449 2005-12-06 8 SWISS investment bank ÜBS AG has ceased to be a substantial shareholder of Yellow Pages. ÜBS pared down its deemed stake to 4.% per cent, or 7.84 million shares, from 5.07 per cent, or 8.01 million shares. Its change in shareholding came449 words
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70 2005-12-06 8 ALEXANDRA HO - Compiled by ALEXANDRA HO ABERDEEN Asset Managment pic and its subsidiaries have become substantial shareholders in City Developments Ltd. Through an open market purchase on Dec 1, Aberdeen bought some 44.66 million shares, at about $8.67 apiece. This bumps its deemed interest in CityDev70 words
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Article, Illustration428 2005-12-06 8 OTHER SINGAPORE INDICES Dec 5 VALUE CLOSE BT OB/OS 170.00 +112.00 BT CADI -*****.00 ->-11.00 BT 10-day MA -*****.00 +17.00 All-SG Equities 593.50 +0.95 S6 Equities Elect 131.31 +0.76 SG Equities Fin 1716.49 -3.95 5G Equities Prop 698.52 -1.77 SIMSCI 276.36 +0.25 SiMSCI Futures 276.50 +0.50 MOST ACTIVE STOCKS VOLUME428 words
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Article, Illustration932 2005-12-06 8 MATTHEW PHAN - Complied by MATTHEW PHAN Melban Group Dec 5 dose: 42 cents CIMB-GK RESEARCH, Dec 5 ORDERS fail to pick up in Q4: Our recent visit revealed that the contract manufacturing business has been affected by Dyson's inventory adjustments after the company overstocked in June, and lately, a slowdownSource: Bloomberg - 932 words
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Article, Illustration519 2005-12-06 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE Japanese yen suffered fresh losses yet again yesterday after last weekend's meeting of G7 Finance Ministers' meeting in London, a weaker looking US dollar elsewhere notwithstanding. Before trimming its losses modestly, the Japanese currency first tumbled toSource: Reuters - 519 words
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Page 9 Advertisements
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Advertisement13 2005-12-06 9 CATS Recruit The first step on your ladder to success I o < U13 words
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Advertisement46 2005-12-06 9 1 x v I i i Npn-stop innovation is the only way we know. We designed the A 350 with the most Innovative materials. Composite materials for lightness and strength. New metallic materials for lightness and durability. Airbus A 350. The woridto most advanced twin-engine aircraft.46 words
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SINGAPORE NEWS
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Article424 2005-12-06 10 SAMUEL EE - Number serving regional auto industry could jump 10 times in 2-3 yrs By SAMUEL EE THE number of Singapore SMEs supplying the regional automotive industry is expected to increase by 10 times in the next few years, a senior Spring Singapore official has said.424 words
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Article, Illustration174 2005-12-06 10 KEPPEL Corp yesterday hosted a private dinner in honour of Vietnam's visiting Deputy Prime Minister Nguyen Tan Dung, who was welcomed by Keppel chairman Lim Chee Onn. Mr Nguyen is due to meet Prime Minister Lee Hsien Loong, Senior Minister Goh Chok Tong and Deputy PrimeARTHUR lEE - 174 words
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333 2005-12-06 10 MICHELLE QUAH - By MICHELLE QUAH THE Institute of Certified Public Accountants (ICPAS) has revised its proposed accounting and reporting guidelines for charities, taking into account suggestions made by the public following the National Kidney Foundation (NKF) affair in July. The latest draft increases the threshold after which333 words
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Article4247 2005-12-06 10 UNIT TRUSTS FUNDS Oti Money Sing DoHarClassB 1.0872/ Crt) Pan-Europe Equrty Fund I 32/ «m i.«n '—nnrai CitiSetectAsiaTitBalanced ;_1.48/ n«tt/ CMSdect Asia nt Growth 1.46 CitiSetect Asia Tilt Enh Grih 1A YZ CitiSetecIGlobal Growth 1-21/ i™ Star Asia Bond 1342/ GO Gfc F«i Srvcs Fund 1.1* sass ?s Star Global4,247 words
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Article, Illustration308 2005-12-06 12 Tender for privatised HUDC estate in Katong is subject to approval for lease top-up TWO more collective sale sites have been put on the market the freehold Cairnhill Gardens along Anthony Road/Cairnhill Road, and Amberville, a privatised HUDC estate in the Katong308 words
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214 2005-12-06 12 CREDIT Suisse has become the first organisation to be accredited under a new framework of competency standards for the financial sector here. The bank last night received Financial Industry Competency Standards (FICS) accreditation status from the Institute of Banking and Finance (IBF)214 words
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514 2005-12-06 12 AFP [SINGAPORE] Corruption is the major obstacle to investment and business growth in Asia's developing economies with Indonesia suffering the most, a poll of foreign executives showed yesterday. In contrast, Hong Kong and Singapore two of the most developed Asian economies areAFP - 514 words
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Advertisement35 2005-12-06 10 lAllianz Global Investors one of world's top five asset management groups' Allianz (jfi) with more than US$l.45 trillion of assets under management. Global investors Source: Watson Wyatt. As <it .51 Pe< emt»-r 20c As ai35 words
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Page 11 Advertisements
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Advertisement7 2005-12-06 11 > si iy^"*«H^-H ~yjtk .fe"', r r 'i:7 words
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Advertisement83 2005-12-06 12 <r* Jj| r ffitp -f '^^'fr^"' m/r 9 *»»»nnM««u*<j^' ■•*<■ pf* iML km&mm V vi §P PPP^P^j m^KKKm JmJr 1 •^.v v ■■HF 1 Our global vision and in-depth Asian insights enable us to deliver tailored financial solutions to meet your needs. So wherever you are in the world, take83 words
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Advertisement20 2005-12-06 12 Head to CATS FASTADS in The New Paper for beauty haircare services! KAT-3 buy rr sell rr> find it g20 words
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DRAGON STOCKS
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Article, Illustration1261 2005-12-06 13 The pharmaceuticals company is stepping up R&D activity and expanding production capacity in the face of growing competition AN AGEING population and the threat of bird flu may not be good news for everyone, but for China-based Reyoung Pharmaceuticals these two factors are looked on1,261 words
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Article, Illustration355 2005-12-06 13 REYOUNG Pharmaceutical Holdings is headquartered in the Yiyuan county in Shandong, which is also home to Reyoung's research and development centre and production facilities. The company has additional production facilities in Shanghai, in the Song Jiang district. Reyoung was listed on the Singapore Exchange (SGX) mainboard on SeptYEN MENG JIIN - 355 words
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Advertisement476 2005-12-06 14 Maybe it's time you took a closer look at your IT security. v Protect precious data. Preserve peace-of-mind. easy to use, highly accurate and harder to forge than other systems. If there's even the smallest gap In your IT security system, someone will find it. In an The übiquity of476 words
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SME spotlight
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Article, Illustration1066 2005-12-06 15 NANDE KHIN - It will do so by modifying its business model and expanding into the North Asia market, reports NANDE KHIN NANDE KHIN Electronics solutions provider ComSoc Technology hopes to double its revenue by next year by modifying its business model and expanding into theYEN MENG JIIN - 1,066 words
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Article, Illustration725 2005-12-06 16 OH BOON PING - Anastasia Liew is one woman who can have, her cake and eat it too. OH BOON PING talks to the MD of Bengawan Solo OH BOON PING FOR Bengawan Solo, the ingredients for success are just that the ingredients. "My philosophy is to give my customersARTHUR LEE - 725 words
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Article, Illustration626 2005-12-06 17 ANGELA TAN - SMALL CAPS Robust sales led to better-than-expected results, reports ANGELA TAN ANGELA TAN EVF.RY facet of Sarin Technologies, an Israeli company that sells state-of-the-art equipment for cutting and polishing diamonds, is glittering. And Tel Aviv-based chairman Daniel Glinert reckons the shine will last for years. Sarin,, theYEN MENG JIIN - 626 words
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Advertisement128 2005-12-06 15 S^'Jl' %v*; t.' ;jfe >.?.-" t ;> i Get a FREE companion ticket on colour your sky h ho Gulf Air when you charge with MasterCard SINGAPORE TO Sydney Athens Cairo London First Class SGD 4,540 SGD 6,240 SGD 7,940 SGD 9,080 Business Class SGD 3,410 SGD 3,970 SGD 5,330128 words
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Page 16 Advertisements
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Advertisement559 2005-12-06 16 UP TO [50%^H SAVINGS k ON GENUINE MICROSOFT SOFTWARE FULL PAYMENT 3-YEAR INSTALMENT PLAN SUBSCRIPTION A GREATER SAVINGS. MORE PAYMENT OPTIONS. TOTAL PEACE OF MIND. M|MI wr^^^^^^^^^^mhmmhhhhhhhhhhhnnhhhhbhhhhhhhhjhhhhhmhhhhHHHHHHHMHßHHHNHHHHHHHNHHlMHHHßHH!l It truly pays to stay legal with the Microsoft* Triple NAalue Promotion! From now till 23 December 2005, you can enjoy savings of559 words
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Advertisement164 2005-12-06 17 WITH THE RIGHT SUPPORT, STAYING LEGAL V ""V >'' *1 CAN BE VERY Certify of Singapore I 1 K In line with IPOS' bid to stay 100% legal, we at the Institute of Certified Public Accountants of Singapore (ICPAS) endorse and support the use of legal software. Thus, we would164 words
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ECONOMY WATCH
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Article, Illustration390 2005-12-06 18 Some worried that the country will see replay of 1980s bubble economy TOKYO stock prices continued their ascent yesterday as a falling yen promised higher profits for Japanese exporters something which is expected to give stocks a further boost. This prompted Hiroshi390 words
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362 2005-12-06 18 Prices paid by investors exceeded banks book value Reuters [BEIJING] China's top banking regulator yesterday rejected charges Beijing had sold stakes in the country's big banks to foreign investors too cheaply and stressed the importance of overseas involvement as a catalystReuters - 362 words
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494 2005-12-06 18 Bloomberg [NEW YORK] Sales of international debt fell 19 per cent last quarter, led by Europe, as investors speculated central banks will raise borrowing costs to contain inflation, according to a report by the Bank for International Settlements (BIS). Issuance declinedBloomberg - 494 words
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Page 18 Advertisements
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Advertisement57 2005-12-06 18 &3toMfc—~^——-^M^JWrMWK '<3^B iaHHI v- Mai lif ipH t T II A, HH I'll PORTNUM MASON i'" r rffWp i 'Si J -'B 1' JSPVfc waa I JiEHIHHiiW I K. 'J Hi nH^^^^^^^^HiCTmTTTTCTTTTraTTTTTTTSffjTTTYJliil^KilAililJJ^^^^^^^^^^^H B^^^^^^Mfffi3l|majMQH|gniNVyVEii|^^^^^^^H /®k rn 1 SINGAPORE V@J lakashxmaya d e come 391 Orchard Read Singapore *****3 Tel: 6738 1111.57 words
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Advertisement127 2005-12-06 18 9/***. 9i»f */**<> P j hab en 00 ay mil* 4»»t* vofocf $/<*£»/i*■ J&tm a|| 5 b» T i t* viMCWk jrift i KeuMt* BW Hffn i N J' i HHHI When TIME magazine polled their readers in die region, ■inn' I-*. 64*^3 9UUUU| they voted Raffles The Plaza, Singapore,127 words
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MALAYSIA/INDONESIA
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Article, Illustration627 2005-12-06 19 SHOEB KAGDA - INDONESIA INSIGHT SHOEB KAGDA Jakarta Correspondent NEARLY one year after 15-metre-high waves smashed into the Aceh coast, the Indonesian province worst hit by the Dec 26 tsunami is slowly but surely regaining its poise. On that sunny morning, the tsunami took more than 130,000 Acehnese lives,627 words
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Article, Illustration711 2005-12-06 19 PAULINE NG - Analysts slash projections for this year despite good results of most firms in Q3 By PAULINE NG in Kuala Lumpur THE bulk of Malaysian corporates posted satisfactory earnings in the third quarter ended September, but larger than expected losses by statecontrolled carmaker ProtonSource:A Securit - 711 words
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Page 19 Advertisements
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Advertisement606 2005-12-06 19 J"..JLj An advertising feature j Philips SmartTouch-XL H*****, packed with innovational features, is a cutting-edge shaver that fulfils the needs of the busy executive "T T" j1 1 Have a smooth day I -tJ- 4 IT'S A daily chore. How face. They even concave inwards ,C you wished there was606 words
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GREATER CHINA/INDIA
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310 2005-12-06 20 Influx of foreign players boosts sector: regulator Reuters [SHANGHAI] The total value of China's fund industry has surpassed US$6O billion, state media quoted the country's top securities regulator as saying, buoyed by the influx of foreign players like Merrill Lynch. Shang Fulin, chairman ofReuters - 310 words
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426 2005-12-06 20 [NEW YORK] JPMorgan Chase is planning to hire 4,500 graduates in India over the next two years with the aim of moving 30 per cent of its back office and support staff at its investment bank offshore by the end of426 words
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Article, Illustration638 2005-12-06 20 They can now do yuan business with local firms in 25 cities Bloomberg. Reuters [SHANGHAI] China has increased the number of cities that overseas lenders can do business in as it eases restrictions on foreign banks' expansion in the world's fastest-growing majorBloomberg.; Reuters; REUTERS - 638 words
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BRIEFLY ASIA
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Article64 2005-12-06 20 Reuters [NEW DELHI] Intel Corp, the world's largest chip maker, plans to invest over US$l billion over five years in India to strengthen its operations in the country, chairman Craig Barrett said yesterday. "We will grow our local operations, boost venture capital investments andReuters - 64 words
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Article77 2005-12-06 20 Reuters [BEIJING] China's top banking regulator warned yesterday that a downturn in industries suffering overcapacity would have some negative impact on banks' controls of non-performing loans but it would not present a major problem. Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), saidReuters - 77 words
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Article81 2005-12-06 20 Reuters [JAKARTA] Indonesia's Pertamina hope: to reach a deal with'Exxon Mobil Corp th month over a bitter row that is holding U] development of the US$2 billion Cepu oil block, the state oil company's chief said yesterday. "I hope there will be a deal with ExxonReuters - 81 words
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Article107 2005-12-06 20 [KUALA LUMPUR] Shell Malaysia is on the hunt for more upstream exploration and production (E&P) prospects as well as profitable downstream opportunities to further grow its business, chairman Jon Chadwick told Starßiz. "That is what will be driving us in the years to come,"107 words
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Article36 2005-12-06 20 -UAKAftIA) sector islikely MfuWjy layers. IncraeettlgprochKUvri costs and the need to comply with global manufacturing standards will hamper sales in the coming year, the paper cited major manufacturers as warning last week.36 words
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Page 20 Advertisements
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Advertisement242 2005-12-06 20 Club Card r<,«„,4,<»064,i***** World of Exclusive Privileges Treats Diners Club wtow.Jiners.com.sg vJV h^ttmuuvuf 1 new LOOK new MODERN —rgg r 1 BEIJING CANTONESE H L j It cuisine Tfl B) "j r MlWr, i k v« BL ,M,AinN A Reservations: *****262/66 llfcW CHEF Van<ilai rati evian 133 Orchard Road, 1242 words
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ASIA-PACIFIC/WORLD
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640 2005-12-06 21 Merrill Lynch, Temasek among those seen keen on joint bids Reuters [SEOUL] South Korean banks ard increasingly on the hunt for foreign tie-ups to finance pricey local acquisitions, with Merrill Lynch and Singapore's Temasek among overseas investors reported to be interestedReuters - 640 words
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Article, Illustration392 2005-12-06 21 Round-the-World Yacht Race. Leg 3, Race 4, Day 8 Clipper Ventures THIS race is proving to be a fast one, as expected. What is now becoming obvious to the skippers and crews is that to keep going fast you need to minimise breakages and errors. The ocean isClipper Ventures - 392 words
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Article, Illustration436 2005-12-06 21 [BANGKOK] One of the world's most renowned fund managers, Mark Mobius, has called on Thailand to remove foreign ownership limitations or risk losing out in capital market development to other emerging giants in the region, the Bangkok Post reported. "If Thailand does not trust436 words
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393 2005-12-06 21 Deal lets NTL add mobile service to TV, Net, phone Reuters [LONDON] UK cable firm NTL has made an £817 million (552.4 billion) takeover approach to Virgin Mobile to create a TV, Internet, phone and mobile phone service provider under the Virgin brand.Reuters - 393 words
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333 2005-12-06 21 [NEW YORK] Foreign companies with New York share listings are set to be offered an easier route to ending expensive financial reporting obligations in the US, according to a report in the Financial Times. Under existing US rules, even if a333 words
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Article2223 2005-12-06 21 >01. General Corp 041 0.01 47 p* 5 H W- C888I Genting 20.10 -0.10 941 GeorgeKent 0.» unch 60 AIM Ready 1.48 undi 1 GHL Systems —0.10 unch 278 9* GtobetronicsTech .031 0.01 975 ACP Incfcjttnes .0.64 -0.01 3« GkxnacBhd 1X>7 unch 106 A<*»nc. Synergy 023 -0.01 892,223 words
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AVIATION
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Article, Illustration369 2005-12-06 22 Move paves the way for laws to upgrade air safety for travellers Bloomberg [BRUSSELS] European Union nations approved the creation of a Europe-wide blacklist of unsafe airlines, removing the last hurdle for legislation to upgrade safety after crashes over the past two yearsBloomberg; AFP - 369 words
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144 2005-12-06 22 Bloomberg I SYDNEY] Qantas Airways Ltd, Australia's biggest airline, will cut commissions paid to travel agents next year to help reduce costs. "The reduction in commissions is in line with global trends and with Qantas' stated aim to reduce distribution costs," RobBloomberg - 144 words
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350 2005-12-06 22 Reuters [PAßlS] China signed a deal yesterday to buy 150 sin-gle-aisle passenger jets from Airbus worth nearly US$lO billion at list prices in a boost for the European planemaker in its battle with US rival Boeing. The agreement on the A 320Reuters - 350 words
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213 2005-12-06 22 Bloomberg [SINGAPOBE] Malaysia Airports Holdings Bhd, which runs 39 airfields in Malaysia, plans to boost revenue from non-aviation operations including building a theme park and a golf course on unused land, its managing director said. The owner of the Kuala Lumpur International Airport, the nation'sBloomberg - 213 words
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LOG BOOK
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64 2005-12-06 22 AFP [MANILA] Flag carrier Philippine Airlines (PAL) will announce a deal with Airbus for new aircraft today, a company spokesman said yesterday, but the full details will be withheld for now. Last month, PAL said it was negotiating for nine new Airbus A32os asAFP - 64 words
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60 2005-12-06 22 Reuters [DUBAI] Abu Dhabi-based Etihad Airways is negotiating with privately owned Cargolux to buy a 33.7 per cent stake of the Luxembourg cargo airline, an Etihad official was quoted as saying on Sunday. The Gulf News daily said sources close to theReuters - 60 words
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517 2005-12-06 22 Profit margin 6% last year, likely to be halved this year AP [KUALA LUMPUR] Jet fuel costs for Asia-Pacific airlines are expected to balloon 50 per cent this year to US$lB billion, hurting profits and leaving no room to cut fares to spurAP - 517 words
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220 2005-12-06 22 Bloomberg [CHICAGO] UAL Corp's United Airlines, the biggest US airline in bankruptcy, said General Electric Co will provide US$5OO million of the US$3 billion in lending pledged to help die carrier exit Chapter 11 next year. UAL in October pasised over aBloomberg - 220 words
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Article539 2005-12-06 22 B,H5 ***** (HIP —JBB lOBj ajmNum ivaa i» RH—3SS-iB —mias «gji a "pH J||| n»i*iiii Rsaaei 3 Ja, HH g H nasi lUm 83*" S3H gs as 'g m iff mm 111 wna NP ROT] J9J? BUS !8H 1555 UM/A) 1Mb jS I iff j| J|539 words
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Page 22 Miscellaneous
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Miscellaneous291 2005-12-06 22 CRYPTIC CROSSWORD 1 Quibble over the remains of 9 Sore cheek (4) II H alternative medicine (11) _pHL_ She wears trousers 18 Pat means to ask for money (5) ~~"LbJ ■HHa —Lh 19 Work offered to single trainee 20 Fibre shown by early invader (4) pHH 21 Preserves from Epsom291 words
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SHIPPING
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Article, Illustration677 2005-12-06 23 DONALD URQUHART - It will offer detailed hydrodynamic info, promises safety, efficiency gains By DONALD URQUHART [SINGAPORE] The first-ev-er digital tidal atlas for the Singapore and Malacca Straits is set for commercial release early next year and will offer the shipping industry detailed677 words
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Article, Illustration1014 2005-12-06 23 Black Sea pipelines threaten sole outlet to world markets for oil exports Reuters [SOFIA] The political stakes are high and the financial risks many but the spoils are huge for investors seeking a way to pipe Russian and Caspian oil around the treacherous Turkish straitsReuters; REUTERS - 1,014 words
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381 2005-12-06 23 Bloomberg ILONDON] The cost of shipping crude from the Middle East to refineries worldwide on 2-million-barrel oil tankers may fall for a third consecutive week because of an increase in vessel supplies and as holidays curb demand. Thirty-eight vessels knownBloomberg - 381 words
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133 2005-12-06 23 Bloomberg [LONDON] DP World chairman Sultan bin Sulayem said the company's £3.3 billion (559.6 billion) offer for the UK's Peninsular Oriental Steam Navigation Co is a "fair offer". His comments come amid speculation that Temasek Holdings Ltd, Singapore's investment companyBloomberg - 133 words
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266 2005-12-06 23 Reuters [LANGKAWI] Malaysia is considering asking its wider Asian neighbours, such as India, to provide photographs of ships before they enter the Malacca Strait to tighten security in the busy sea lane, the chief of armed forces said yesterday. Malaysia. Singapore andReuters - 266 words
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Article270 2005-12-06 23 IMMN IIMlMMMNfcj 0*5 tt W- W:;,; CH Offshore .036 unch 140 OuanHup-. 039 -0.01 MM, Casta Corporation... 235 001 1143 CWTDWrtoutJor 000 unch 10 EaraHldgi I..1.42 unch 635 .0.06 unch 499 Grand Banks Yacht .0.90 inti 0 JayaHokflngi 133 0.01 3645 K1 Venture 032 -001 1827 KappelCorp 11-20270 words
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Page 23 Advertisements
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Advertisement152 2005-12-06 23 ASIA WEST AFRICA TRADE AGREEMENT MATADI (Democratic Republic of Congo) Port Congestion Surcharge (PCS) Emergency Terminal Congestion Surcharge (ETCS) Due to deterioration of operational conditions in the port of Matadi, the members of the Asia West Africa trade agreement decided to implement the following surcharges: The PCS (Port Congestion Surcharge)152 words
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EDITORIAL & OPINION
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Article545 2005-12-06 24 EDITORIAL IN a rare reversal of monetary policy last week, Malaysia's central bank raised its overnight policy rate (OPR) by 30 basis points to 3 percentage points. It's a cautious, but no less welcome, start because it's long overdue: it's the first increase in seven545 words
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Article, Illustration956 2005-12-06 24 K KESAVAPANY - Once in force, the FTA will promote the 'twinning' of both countries' economies By K KESAVAPANY AFTER a joint study in 2003, followed by seven rounds of negotiations in 2004, the Korea-Singapore FTA (KSFTA) was finally signed on Aug 4,2005. It is currently undergoingBLOOMBERG - 956 words
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Article, Illustration768 2005-12-06 24 YOGI AGGARWAL - THE BOTTOM LINE YOGI AGGARWAL COULD India's exponential growth in mobile connectivity slow down soon? Most analysts and the Telecom Regulatory Authority of India (TRAI) don't seem to think so. But a recent paper by a professor in a reputable management institute argues768 words
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Article, Illustration1758 2005-12-06 25 ROY KHENG - Technology vendors cash in on the growing market as the booming economy boosts city dwellers' spending power By ROY KHENG *>#•?!% HINA'S rapid industrialisation and t &r urbanisation has resulted in higher living standards for its population. According to official Chinese government statistics, in 2004,AFP - 1,758 words
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Article809 2005-12-06 25 Narayana Narayana Singapore - LETTERS TO THE EDITOR Narayana Narayana Singapore WONG Wei Kong kicks off his Hock Lock Siew column "SGX needs to state its stance on IPOs again" (BT, Nov 28) with "Markets arguably need certainty more than anything else" an opening gambit which itself is arguably809 words
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132 2005-12-06 25 Damien Tan - Damien Tan Director (Governance Investment) Ministry of Finance I REFER to the article "Follow MAS lead in strict governance rules" (BT, Dec 1) by Michelle Quah, where the new rules introduced for the Singapore Exchange were compared with the recently revised Code of Corporate132 words
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Page 25 Advertisements
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Advertisement711 2005-12-06 25 >AT^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF SNOWBEE (SINGAPORE) PTE LTD (Members' Voluntary Winding-up) At an Extraordinary General Meeting of the Members of SNOWBEE (SINGAPORE) PTE LTD duty convened and held at 7F, No. 176 3rd Section King-Hwa Road Tainan, Taiwan711 words
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Advertisement775 2005-12-06 25 In tile Matter of the Companies Act, Cap. 50 [Section 290(2Hb)] And In Hie Matter of KHOO A SONS PTE LTD (In Members' Voluntary Liquidation) (Company Reg. No. 1981M527R} NOTICE QFBESQIUTIONS At an Extraordinary General Meeting of the members of the above-named company duly convened and held at 20 Jalan775 words
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Article10080 2005-12-06 26 4Mfc r "Mi I Ill—IIIII SGX MAINBOARD 52-Wk Tel Last Vol Day LastQuot* GrDtv Mv GrYtd Nat MCap High Low Coda Company Sala +1- C000) High loo luyaf SaMar S Cvr Wt 7.5 2 5716 1st Software 5t. 2.5 unch 50 2.5 2.5 2.5 3 mi 22 610,080 words
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Page 26 Advertisements
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Advertisement20 2005-12-06 26 Thtdft from 20% dftCKutt Iff k «> ww^lhKifct' Go long or short Commissions from 30bps Access to Asian. US. Euro stocks20 words
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Article6249 2005-12-06 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES <■ lowl (WI in SS la USS N dy yr dy yr dy %yr Dgt 2 tndu CKtnqt Owngg Owngg Chjnqe Chang* Change fltottd Index Preliminary 965.7 0.4 133 0.2 10.5 0.4 6.9 I WE PiettmingL 9518 0.9 23.2 0.7 113 M 7.76,249 words
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Page 28 Advertisements
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Advertisement1370 2005-12-06 28 '..tjustgt ..a.,1 llHW'HIm™ i f 1 NYK GROUP SOUTH ASIA PTC LTD krw AOM rvt WJT TEL 6295 0123 XV A Aimr E&gdf M 3 II LINE Fax: 6292 2856 (Records**!)/ 6239 7109 (0P5y6299 5785 (Doanentalion) 11 NIPPON YUSEN KAISHA TOKYO SEWAKUIUUSHA. UOl (C/R NO: **********0E) MMMMMiIMIIMI SENATOR LINES rf&fftf1,370 words
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Advertisement477 2005-12-06 28 'ilk "iinnlii inn 1 J." mwim now wwu vßsa/vor mrpm hbghtw to kh to sm mt STUITS VBIIUtE 24/0S IS U 24/11 27/11 30/11 63/12 OS/12 STMTCVaTUK 75/05 IS 12 07/12 STOUTS YBnUK24/0S IS 12 11/12 21/12 24/12 29/12 31/12 IAUITtAIUH to»o swviq i VBSa/VOT lIAWUDIHBGHHII IP i I i477 words
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Page 29 Advertisements
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Advertisement1155 2005-12-06 29 Www hombufgsud.com ASIA SERVICE SIIHC 1 (IXPOWT) ASIA SERVICE SIIHC 2 (EIPORT) ETA rr» Vwnl/V»Y«e SINGAPORE DURIAN SEPETIIA SANTOS ITAJAI PARANAGUA Vhti|/YI IM I SINGAPOCF lIKNOS WR Bin CtiMßf SANTOS WITU Alwiko Singopore 505W 07/12 14/12 28/12 29/12 31/12 01/01 10/12 02/01 OS/01 Cap Bonowsto 505W M/ 12 25/12 04/011,155 words
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Advertisement946 2005-12-06 29 <gsa VOT SIN JKT HKG KHH I* KYH IDS VESSEL VOY TIT JKT SUB HK6 USN PUS HTPMOSS 10SS l/l? 10/12 15/12 17/12 11/12 21/12 21/12 KMTC PUSA* SMS Ti/lT 14/12 15/12 20/12 24/12 25/12 |hTWO6E 104S I IS/12 17/12 22/12 24/12 24/12 2V12 2>/12 KMTC SINGAPORE SI7S l/lf 21/12946 words
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Advertisement617 2005-12-06 29 I® aoasa* WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS vissa I yot I sw I r.MAi«|cotow»o I M. SHm Icaowo BEasEiEdifcdiizzaz: —Ujji Horn HDK i«Dff naff mdk wntf mmm OOWW 26DK 27DK 31 DK MIAM O*JAW KQTAfgTW YFMQ29 P?JAW 03JAN 07JAW IOJAH 13JAW ALSO617 words
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THE BUSINESS TIMES SHIPPING TIMES
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6186 2005-12-06 30 ETA ETA Adv«rtb«r VcsmI Voyag* Tekphon* HA ETA AdMrtbar VmmI Voya** Tttaphon* SIN Dcsfn Nam* Name Numbtr Numbar SIN v Darf" Nam* Kama ttubw *wlw v To AUCKLAND (AKL) 2031 New Zealand To ABIDJAN (ABJ) 2003 Cote D'lvoire 17/12 04A>1 TASMAN TASMAN COMMANDER 140S486,186 words
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Page 30 Advertisements
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Advertisement681 2005-12-06 30 VESSEL VOY SIN POU VESSEL VOY SW JET CSF 2301 0208P 05/12 07/12 PAC HNTAN 9327 ~~***** 06/12 B*NDA 1616 M 06/12 06/12 ""All 4195 OS/2 ISMIZ PAC BANPA 1617H 07/12 08/12 PKHNTAN 9328 10/ 2 13/12 CSF 2301 0209P 09/12 "<{*" Jig jflj -&{j BANDA 161 M 09Z12 Q9/12681 words
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Advertisement347 2005-12-06 30 CARRY, WE CARE. WAN HAI LINES LTD, having the most intensive ~A, 4Stjjsjssjt and complete service network for ocean carriage, A'J.fev£ i W* from Asia-Pacific to Mid-East, U.S West Coast, 111 Europe expanding continuously throughout every j spot in the worid; providing die most efficient J globalized service network that347 words
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Advertisement390 2005-12-06 30 BSAi o MYANMA WBM FIVE STAR UNE (Mvenb* Natioad Um) LooAof for YaRfOR vissa voy sin m kn ran PAGAN 341W SID PAGAN 349W SU IN MAUYSIA: IOUSTEAO SHIPPING AGINCIIS KIK/PKL 03-300 SUM Pllt 04-2*3311 S A"" 11 ACCEPTING COMVEWTIOWAL CQO VBSB VDT MU SM PA KOI TM ITU SM390 words
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PROPERTY
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Article, Illustration628 2005-12-06 32 KALPANA RASHIWALA - One Raffles Quay secures Ernst Young as tenant It will lease about 140,000 sq ft. Another new tenant Barclays will lease about 50 .000 sq ft By KALPANA RASHIWALA ERNST Young is understood to have accepted an offer from the consortium developing One Raffles Quay (ORQ) to lease 140,000 sq628 words
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372 2005-12-06 32 Bloomberg [DUBAI] Giorgio Armani, who started his fashion empire with an unlined Jacket in 1975, is counting on a US$l billion agreement to develop hotels with Dubai's Emaar Properties to help double sales at Armani Casa, his five-year-old homewares business. The first hotelsBloomberg - 372 words
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Article, Illustration437 2005-12-06 32 ALEXANDRA HO - Consultant cites expat inflow, rise in headcount of MNCs By ALEXANDRA HO IN another sign of the recovery of the property market, new research by property consultancy Savills Singapore shows that the number of leasing transactions in the third quarter ofSource: URA Rests Smiles Research & Consultancy - 437 words
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Page 32 Advertisements
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Advertisement226 2005-12-06 32 Ilj^ Rare Prime Residential Redevelopment Site Rare Prime Condominium Redevelopment Site Emerald Lodge Emerald Hill Road (District 9) Venus Mansion Peck Hay Road (District 9) Freehold Freehold Located within the Emerald Hill Conservation Area jj( e area 5 025 1 sq m Site area: 2,501.4 sq.m. Master Plan 2003 Residential226 words
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Advertisement294 2005-12-06 32 Prime Residential Redevelopment Site in District 15-Amberville at Marine Parade Road 99 years leasehold (subject to approval for lease top-up) Wide frontage spanning 249 m with ;x. unobstructed sea view 4 t Direct access to pedestrian tunnel linking to Within walking distance to Parkway Parade amenities Within Nan School Tanjong294 words
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Advertisement47 2005-12-06 32 \s~\ f HE ONES i that nr. V tt+ rftf 111 m lirAi i ficwißi iflv ngm P mt£*Z£ 1 C* 1800 289 8822 I nr imill I fWP 4 V to advertise. rr J\ H fig W aa I HSI ■"i C "I i Pf; n47 words
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