The Business Times, 7 December 2005

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Wednesday, December 7,2005
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  • 628 1  -  But watchdog warns they are still subject to other parts of the Competition Act By DONALD URQUHART [SINGAPORE] Singapore's newly formed competition watchdog says it will allow container shipping lines to continue to set common freight rates, just as other countries look set to end
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  • 137 1 STI 2,308.35 (-24.26) ST INDEX FUTURES 2,307.00 (-24.00) SIMSCI 272.97 (-3.39) SIMSCI FUTURES 273.10 (-3.40) MARKETS Tuesday Change KLSE COMP 886.47 +0.99 NIKKEI 225 15,423.38 -127.93 HANG SENG 14,990.61 -168.21 SET INDEX 679.16 +19.25 JAKARTA COMP 1,123.44 +2.86 MANILA COMP 2,099.15 -17.15 SEOUL COMP 1,321.06 +5.91 SHENZHENS 190.16
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  • 130 1 MOVE over, Crazy Horse mesdames. Genting International, the international arm of Malaysian gaming company Genting Berhad, knows a thing or two about entertainment as well. Yesterday, the company wowed office crowds at Raffles Place as it brought out its Russian dancers as part of its
    YEN MENG JIIN  -  130 words
  • 572 1  -  Founder Johnson Chong appointed as acting chief By CONRAD RAJ [SINGAPORE] Th9 AirOcean saga took another turn yesterday, wfth chief executive Thomas Tay giving up his post at the listed freight forwarder following probes by the Singapore authorities. A brief company statement issued
    572 words
  • Page 1 Advertisements
    • 21 1 EXEC MONEY Another retail fund hit PG 30 BT-Forbes now available Stories from Forbes.com on BT online. Go to http://business-times.asial .com.sg
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    • 29 1 Vw SPIRIT OF t m ADVENTURE 1 An Irish headhunterio the 8 l I II E|Hfl gHK II > itilj IB |ra n9l KepLand may redevelop Ocean Building pg 5
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    • 129 1 ASBIeB motoring Chevrolet in the JK fast lane in Asean INVESTMENT Marie Mobius bullish on soybean PG6 I pfwxHntfa NMflj to be etotiIKWUUI toJfIMW 1 mH L: f |jHßj liti int^tt^W'iilrj^fhiiriri iltetifiilrnMiiiitf!' IVU fm\' uHt'SK Inspired by 18*-century marine chronometry Platinum case 040 mm- dial in silver 18k solid gold
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  • TOP STORIES
    • 781 2  -  Price expectations escalate as bidders line up for close of tender tomorrow By KALPANA RASHIWALA [SINGAPORE] Thirteen years ago, when the Urban Redevelopment Authority offered a plum site above Orchard MRT Station, there was not a single bidder. This time around,
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    • 88 2 IN "First Pacific offer for Del Monte outbid and withdrawn" (BT, Dec 6), we said PricewaterhouseCoopers announced on Monday that the NutriAsia deal had triggered a general offer for all outstanding shares of Del Monte Pacific at 38.fc8 US cents per share. y This is incorrect. The general offer,
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    • 528 2 MMC set to unveil plans to take Johor Port private MMC Corp, a listed vehicle of Malaysian tycoon Syed Mokhtar Al-Bukhary is set to unveil plans to take Johor Port private for more than RMBOO million (***** million) on Friday. Bankers said the move will enable Mr Syed
      528 words
    • 590 4  -  RM800m deal seen as consolidating Syed Mokhtar's port business By S JAYASANKARAN in Kuala Lumpur A LISTED vehicle of Malaysian tycoon Syed Mokhtar Al-Bukhary is set to unveil plans on Friday to take Johor Port private for more than RMBOO million (***** million)
      590 words
    • 390 4 Central bank to introduce rule by mid-2006 to speed up consolidation in sector Bloomberg [JAKARTA] Indonesia will prevent companies or business groups from owning more than one commercial lender, attempting to spur consolidation of the banking industry, central bank governor Burhanuddin
      Bloomberg  -  390 words
    • 487 4  -  By DONALD URQUHART [SINGAPORE] PSA International and its parent Temasek Holdings have not ruled out a counter-bid for the substantial maritime empire of the Peninsular Oriental Steam Navigation Co (P&O). Both said they are keeping their investment options open. In a
      487 words
  • Page 2 Advertisements
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  • Page 4 Advertisements
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  • COMPANY NEWS
    • 561 5  -  Ernst Young's departure will facilitate process: industry observers By KALPANA RASHIWALA ERNST Young's decision to move out of Ocean Building when its lease in the ageing property expires late next year may not be such a bad thing after all for Keppel Land,
      FILE PHOTO  -  561 words
    • 668 5  -  HOCK LOCK SIEW By LESLIE YEE FOUR years on from declaring its ambition to set up an office real estate investment trust (Reit), Keppel Land announced last Monday that it is setting up KReit Asia, which is expected to start trading on the Singapore
      668 words
    • 572 6  -  Mark Mobius' fund acquires 5% stake through share placement By WONG WEI KONG VETERAN fund manager Mark Mobius is bullish on soybean. His Templeton investment group has taken up more than half the shares placed out'by mainboardlisted Celestial NutriFoods, a soybean-based food and beverage products
      572 words
    • COMPANY BRIEFS
      • 104 6 HOTEL Royal is selling its 999-year leasehold property in Sabah to Monaca Jaya Sdn Bhd for RM3 million (Ssl .34 million), through wholly owned subsidiary Prestige Properties Sdn Bhd. The property consists of two blocks of six-storey commercial shophouses with a total land
        104 words
      • 85 6 JEWELLERY manufacturer and retailer Aspial Corporation has completed its acquisition of Ee Wang Park at Lorong H.Telok Kurau, after exercising the option to purchase the last three units of the development for $2.17 million In October, it purchased 13 out of the 16 units, at $708,000 per
        85 words
      • 61 6 AFTER its March announcement of a joint venture agreement with Xuzhou V V Cereal Company to incorporate a company known as Wuxi W Super Coffee Company (Wuxi W), Super Coffeemix Manufacturing yesterday said it has completed its capital contribution of U553.92 million to
        61 words
      • 34 6 EZRA Holdings will move its listing from Sesdaq to the mainboard tomorrow. Ezra's activities include providing offshore support vessels and services to the offshore oil and gas industry.
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    • 769 6  -  NEWS ANALYSIS By LESLIE YEE WHILE foreign companies continue to make a beeline for a listing on the Singapore Exchange (SGX), foreign parties have recently been dominating activity on the Singapore mergers and acquisitions (M&A) scene. Last week, the Jardine
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    • 354 6  -  CORPORATE RESULTS By LEE KIM SIANG TPV Technology, the world's largest PC-monitor manufacturer, achieved record revenue and record net profit for its third quarter ended Sept 30, helped by strong demand for LCD monitors and LCD TVs. Earnings soared by a 78.1 per
      354 words
    • 424 6  -  It aims to maintain gross profit margin of 26.4% By SAMUEL EE MAKING good its promise to resume growth for FY2006 and beyond, Stamford Tyres yesterday unveiled a 114.2 per cent surge in net profit to $6.5 million for the six
      424 words
    • 313 6  -  By ALEXANDRA HO MCL Land, the subject of a takeover bid by Hongkong Land, is doing some acquisition of its own it clinched a collective-sale residential site at Balmeg Hill for $79.2 million, through its wholly owned subsidiary Maxgrowth Pte Ltd. Just last
      313 words
    • 463 7  -  JTC's proposed divestments within A-Reit's targeted asset classes By ARTHUR SIM ASCENDAS-MGM Funds Management could well be a leading contender for JTC Corporation's industrial properties when these are eventually divested. Tan Ser Pin, CEO of As-cendas-MGM, said that the proposed properties to be divested by JTC
      463 words
    • 423 7 Demand for leather furniture rising in Europe and US Reuters SINGAPORE leather sofa maker HTL expects to double its sales to $1 billion in 3-5 years, propped up by increasing demand for leather furniture in Europe and the US, the company said yesterday.
      Reuters  -  423 words
    • 216 7 FRONTLINE Technologies Corporation's China associate, MDCL-Frontline (China), has recently secured $21 million worth of orders from four key customers, including a multi-million dollar outsourcing deal inked with Kodak (China) Ltd. MDCL-Frontline, which is an information technology solutions provider, has also clinched contracts with five
      216 words
    • 335 7 Reuters [SINGAPORE] London-listed Millennium Copthorne Hotels pic (M&C) wants to set up a $1 billion property fund, sources familiar with the matter said, making it the latest firm to tap investor interest in real estate assets. The hotelier, 52-per cent owned by
      Reuters  -  335 words
  • Page 5 Advertisements
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    • 371 5 < Q: What is "Global Wealth Structuring" (GWS)? A: It is planning how to hold your assets to preserve, protect and ultimately transfer the value of your life's achievements to the people and causes you care for. GWS helps clients understand potential tax liabilities, anticipate possible legal issues and examine
      371 words

  • Page 6 Advertisements
    • 237 6 NOTICE TO NOTEHOLDERS JASMINE INVESTMENT CORPORATION LTD (the "ISSUER") (Company Registration No. *****4702N) (incorporated as a company limited by shares in the Republic of Singapore) U*****,000,000 CLASS A FLOATING RATE NOTES DUE 2007 (the "CLASS A NOTES") 5530,000,000 2.97 PER CENT. CLASS B NOTES DUE 2007 (the "CLASS B NOTES")
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  • Page 7 Advertisements
    • 2616 7 VOLUNTARY CONDITIONAL CASH OFFER (Satyect to fulfilment of a Pre-condition) by ÜBS AG, acting through its business group, ÜBS Investment Bank (Incorporated in Switzerland with limited liability) for end on behalf of HKL (Morpheus) Pte. Ltd. (incorporated in the Republic of Singapore) Company Registration No. *****6239W a wholly-owned subsidiary of
      2,616 words

  • SINGAPORE MARKETS
    • 884 8  -  CURRENCIES Interest rate hikes another key factor behind the week's currency moves LARRY WEE Senior Correspondent INTEREST rate expectations joined soaring metal and equity prices as key determinants for currency market action in a week that has also witnessed an extra-sturdy Singapore dollar
      884 words
    • TRADES TO WATCH
      • 420 8 QAF Limited's interest in its associated company, Zhongguo Jilong Limited (Jilong), held through its wholly owned subsidiary, Singfood Investment Pte Ltd, has increased to 22.24 per cent from 21.12 per cent. QAF made the purchase of the shares through the open market. The book
        420 words
      • 89 8  -  Compiled by ALEXANDRA HO SUBSTANTIAL shareholder WBL Corporation Ltd's direct interest in Wearnes International (1994) rose to 94.05 per cent from 93.43 per cent after a series of transactions through open market purchases. WBL Corporation directly holds 186.33 million shares, up
        89 words
    • Article, Illustration
      429 8 OTHER SINGAPORE INDICES Dec 6 VALUE CLOSE BT OB/OS 126.00 -44.00 BTCADI -*****.00 -63.00 BT 10-day MA -*****.00 +12.00 All-SG Equities 587.66 -5.84 SG Equities Elect 129.31 -2.00 5G Equities Fin 1705.92 -10.57 SG Equities Prop 693.58 -4.94 SIMSCI 272.97 -3.39 SiMSCI Futures 273.10 -3.40 MOST ACTIVE STOCKS VOLUME UniFibeMOc
      429 words
    • 285 8  -  Compiled by UMA SHANKARI Ace Achieve Infocom Dec 6 close: 13.5 cents CIMB-GK RESEARCH, Dec 6 GROUP order book contracted from 159 million renminbi in September 2005 to 153 million renminbi in October. Management says November's order book will disappoint but is confident of securing a larger project
      285 words
    • 408 8  -  STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index on Monday was pushed up by about 15 points during the latter stages of trading, so perhaps it should not be that surprising that yesterday it promptly fell back by 24.26 points or 1.04 per
      408 words
    • 210 8  -  CHART POINT By YEO KEE YAN chartist at Kelive Research MARKET activity continued to centre around technology issues. The Straits Times Index probed the 2,340 level but it has since retreated to 2,308 as at yesterday's close. The market's fickleness comes hardly
      210 words

  • SINGAPORE NEWS
    • 451 9  -  SINGAPORE-VIETNAM LINKAGE Two countries in economic connectivity agreement By MATTHEW PHAN VIF.TNAM and Singapore have agreed to set up a pri-vate-public partnership to develop a multi-purpose port at the Cai Mep-Thi Vai facility in South Vietnam. The port project, if linked to Singapore, would
      451 words
    • 169 9 THE inaugural Wine Night of The Business Times got off to a jovial start, with more than 40 members of the paper's CEO e-Club attending the wine tasting. "We want to put a face to the CEOs in The Business Times's e-Club and to thank them
      YEN MENG JINN  -  169 words
    • 269 9  -  S'pore firms can tie up with licensed operators there By ANGELA TAN SINGAPORE companies are to be permitted to set up joint ventures with licensed telecom operators in Vietnam to provide value-add-ed and Internet services, as well as basic offerings like data and mobile services.
      269 words
    • 309 9 PEOPLE who examine trade figures should consider looking at them in a different way, a symposium on trade issues in South-east Asia was told yesterday. Rahul Sen, a fellow at the Institute of South East Asian Studies (ISEAS), said that it might be
      309 words
    • 383 10  -  S P Jain's campus will open in mid-2006 and offer a full-time MBA By OH BOON PING ONE of India's leading business schools, S P Jain, is to open a new campus in Singapore. The new school, which is scheduled to open by
      383 words
    • 288 10  -  By MATTHEW PHAN KINEMA Entertainment, the Singapore-based media investment firm partially owned by Indonesian businessman Kris Wiluan, has almost completely acquired Infinite Frameworks, a leading Singapore video post-production facility, v Mr Wiluan and Kinema announced yesterday that they had exercised their option to increase their
      288 words
    • 424 10  -  By SIOW LI SEN SG Private Banking in Asia is all set for another blockbuster year after recently acquiring a wholesale banking licence in Singapore, it says. Bank executives said at a press conference yesterday that over the next year, SG
      424 words
    • 265 10 SINGAPORE has joined the Global Water Research Coalition (GWRC), tapping in to the experience of 13 research bodies around the world. The PUB will represent Singapore in the coalition, which invited the national water agency to join the exclusive water research network after learning
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    • 289 10  -  By AMIT ROY CHOUDHURY THE Siemens Communications group, a part of {he electrical engineering and electronics giant, has set up an office in Singapore to coordinate procurement in the Asia-Pacific region. There will be 25 people there. The group,
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  • Page 9 Advertisements
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  • Page 10 Advertisements
    • 37 10 V I SBB Asia General > i 1. > |tgv Performance and Value for Customers V ft V 'V, and Shareholders x f y v c W.'. ■> I s > For more information www.sbbvote.com Helpline: 00 603 6204 7722 M
      37 words

  • ECONOMY WATCH
    • 406 11 Reuters I BRUSSELS] The EU's trade chief yesterday urged European governments not to tie his hands when he sits down next week for what are likely to be tough negotiations on a deal to free up global commerce. European Trade Commissioner Peter Mandelson,
      Reuters  -  406 words
    • 582 11 Its free-trade deals are a bid to counter might of China and India: analysts AFP (SINGAPORE! The Association of South-east Asian Nations (Asean) may be hobbled politically but the group is forging ahead on the economic front, crafting free-trade and integration deals that analysts
      AFP  -  582 words
    • 293 11 LATEST US DATA AP [WASHINGTON] The productivity of American workers shot up at the fastest pace in two years during the July-September quarter, helping to ease fears that inflation pressures were threatening to get out of hand. The Labor Department reported yesterday that
      AP  -  293 words
    • 377 11 AFP [SEOUL] South Korea's economy is expected to grow 5 per cent in 2006, up from this year's projected 3.9 per cent, thanks to a recovery in consumer spending and brisk exports, the central bank said yesterday. The Bank of Korea said
      AFP; AP  -  377 words
    • 273 11 Priority on poverty eradication and job creation Bloomberg (JAKARTA] Sri Mulyani Indrawati, named Indonesia's new finance minister, promised a more prudent fiscal policy and government spending to encourage investment and create jobs in South-east Asia's largest economy. "My priority is to maintain macroeconomic
      Bloomberg  -  273 words
  • Page 11 Advertisements

  • MALAYSIA
    • 602 12  -  Proposals are from S'porean, German and Italian applicants By PAULINE NG in Kuala Lumpur MAIAYSIA has received six proposals to establish biodiesel plants in the country. As a result of widespread interest in alternative fuels, there have been investment proposals submitted by Singaporean, German
      602 words
    • 390 12 But National Front wins initial count AP [KUALA LUMPUR] A crucial by-election in Malaysia's only opposition-controlled state reached a nail-biting finish yesterday, after an Islamic fundamentalist opposition party disputed what appeared to be a razor-thin victory by Prime Minister Abdullah Ahmad Badawi's ruling coalition. Election officials
      AP; AFP  -  390 words
    • 296 12 Company also discovers gas in waters off Sarawak Bloomberg. AFP [TEHERAN] Petroliam Nasional Bhd, Malaysia's state oil company, cut its stake in a liquid natural gas project at Iran's South Pars field, an Iranian official said. Petronas, as the company is
      Bloomberg.; AFP  -  296 words
  • Page 12 Advertisements
    • 57 12 SBB #2 total returns to shareholders over 10 years among Malaysian banks V 't Asia General ii v. Dividend compound annual growth rate of 14%, V v v! V i.. sustained over 30 years 2* v*c*. < •> v i v -e < •v• c:-d%:r< Consistently Creating Shareholder Value For
      57 words
    • 26 12 lln t$L I Lianhe Zaobao I I Shanghai's I I prime site I |Rmb2.sbn I I is up for sale I I ISfiK*2s<ZAßffi I I I
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  • INDONESIA
    • 691 13  -  Main challenge is to stimulate economy, stabilise inflation and rupiah, he says By SHOEB KAGDA in Jakarta ONE day after being sworn in as the country's new economic czar, chief economics minister Budiono yesterday moved swiftly to restore market confidence in the government's ability
      691 words
    • 394 13 [JAKARTA] The Indonesian government hopes to be able to save some 50 trillion rupiah (SsB.s billion) in annual fuel subsidy spending in years to come by developing alternative energy sources such as coal, natural gas and bio-mass fuel, the Jakarta Post reported. Towards this end,
      394 words
  • Page 13 Advertisements
    • 540 13 WATS NOTICES LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares ComfortDelGro *****4 Kuek Tua Bah 8,000 Corporation Limited (formerly known as *****2 -do- 4,000 Comfort Croup Ltd) NOTICE IS HEREBY GIVEN that if
      540 words
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      156 words

  • GREATER CHINA
    • 369 14 Private players buy control as local govts pushed to exit businesses Reuters [MUMBAI] China's push to sell state assets offers better prospects for private equity firms looking for buyouts next year than in India, where the government has been under pressure to stall sales, fund
      Reuters  -  369 words
    • 220 14 Reuters [HONG KONG] Hong Kong tycoon Li Kashing's Prosperity Reit said yesterday it had been told by the territory's securities watchdog to require investors to disclose holdings of more than 5 per cent. The move follows news last week that a British hedge fund
      Reuters  -  220 words
    • 41 14 AFP [HONGKONG] Fireworks lighting up the sky over Hong Kong Disneyland as the recently opened theme park celebrates the start of the Christmas season with the first lighting of its towering 60-foot Christmas tree. —AFP
      AFP  -  41 words
    • 568 14 Move is ANZ's first direct investment in a Chinese lender Reuters [TIANJIN] Australia and New Zealand Banking Group Ltd (ANZ), Australia's third-largest lender, yesterday joined a rush of foreign banks into China by signing a deal to buy 19.9 per cent of second-tier
      Reuters  -  568 words
  • Page 14 Advertisements
    • 1347 14 SBB Asia General Performance and Value for Customers and Shareholders SBB's Board of Directors has unanimously approved the proposed acquisition of Asia General Holdings Limited, Singapore as it believes this proposed acquisition is in the best interests of SBB, enhancing value for all shareholders as well as bringing broad benefits
      1,347 words
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      35 words

  • INDIA
    • 593 15 Outsourcing work now includes high-end jobs like chip design NYT [BANGALORE] The announcement on Monday by Intel, the world's largest chipmaker, and JPMorgan Chase, the global investment banker, that they would outsource significant operations to India is an indication that more complex, high-value work
      NYT  -  593 words
    • 269 15 IOC bids for PetroCanada's Syrian assets Reuters [MUMBAI] India's top staterun refiner, Indian Oil Corp (IOC), and Oil India Ltd are jointly bidding for the Syrian oil and gas assets of Pe-tro-Canada, the Financial Express reported yesterday. The move would pit lOC against another state-run Indian giant, Oil and Natural
      Reuters  -  269 words
    • BRIEFLY ASIA
      • 97 15 Reuters [HONG KONG] A fund set up by US-based Rockefeller Group and China's Sinolink Worldwide Holdings Ltd is seeking up to US$45O million from investors to develop commercial buildings in Beijing, Shanghai and Guangzhou. Sinolink chairman Thomas Ou Yaping yesterday said the two partners
        Reuters  -  97 words
      • 102 15 Bernama [KUALA LUMPUR] LG Electronics (M) Sdn Bhd (LGEM), a newly-established local subsidiary of South Korean giant LG Electronics Inc, will not discount the possibility of becoming a public listed company here. "We don't have such plans yet but it is always
        Bernama  -  102 words
      • 71 15 AP CHINA'S Prime Minister Wen Jiabao trying on a traditional hat of the elite French military engineers high school Polytechnique during a visit tit the academy in Palaiseau, south of Paris, yesterday. He is also scheduled to visit European Defence Group EADS (European Aeronautic
        AP  -  71 words
      • 132 15 Bloomberg [MUMBAI] ICICI Bank Ltd, India's biggest privately owned lender, attracted demand for 1.9 times the stock it's offering local investors as part of a share sale aimed at raising 70 billion rupees (552.5 billion) to expand lending. The Mumbai-based bank, which is
        Bloomberg  -  132 words
      • 104 15 Reuters [KUWAIT] PetroChina is the partner in a planned refinery and petrochemical complex under study between Kuwait and China, an official at state-run Kuwait Petroleum Corp (KPC) said yesterday. Kuwait and China signed an agreement on Monday to study setting up the oil
        Reuters  -  104 words
    • 263 15 Move will help Matrix access new mfg processes Bloomberg [MUMBAI] Matrix Laboratories Ltd, an Indian maker of drug ingredients, said it plans to buy a controlling stake in a local biotechnology company to gain access to new manufacturing processes. Matrix will buy
      Bloomberg  -  263 words
  • Page 15 Advertisements
    • 33 15 Standard Chartered we applaud you on L 4 December 2005 a great run w mis- TOP 10 CORPORATES TOP 10 NON-PROFIT ORGANISATIONS TOP 10 EDUCATIONAL INSTITUTIONS TOP 3 RUNNERS IN THE CEO CHALLENGE
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  • ASIA-PACIFIC/WORLD
    • 772 16 But more may be needed to check budget deficit, say economists Bloomberg [LONDON] UK Chancellor of the Exchequer Gordon Brown announced tax increases and spending curbs worth £5 billion (5514.6) over four years. Mr Brown, in his prebudget report to Parliament on Monday,
      Bloomberg  -  772 words
    • 245 16 AFP [BANGKOK] Thai Prime Minister Thaksin Shinawatra yesterday withdrew all defamation lawsuits against his staunchest critic, just two days after revered Thai King Bhumibol Adulyadej called on public figures to accept fair criticism. Dr Thaksin was demanding two billion baht (5581.6 million) in six
      AFP  -  245 words
    • 2353 16 VOL General Corp 0.40 -0.01 162 Dt* MW *1- com Genting 30.00 -0.10 704 George Kent 0.59 unch 24 ASM Realty 147 -0 01 13 GHl Systems 0.10 unch 1292 Abric 031 0.01 25 Globetronics Tech 0.33 0.02 4010 ACP Industries 0.65 0.01 6 GlomacBhd 1.30 0.23 27
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    • 362 16 Clipper Race Weekly Roundup AFTER just over a week of playing coy, the Southern Ocean showed its true colours with a full-on 60-knot storm on Sunday night While not unexpected, this was quite different to the conditions we had faced during the first few days of
      362 words
    • 563 16 BPO COMPETITION Industry employs 112,000, generates US$.1b revenues AFP [MANILA] In a sprawling office in the Philippines' financial district of Makati, a phalanx of Filipinos sit behind computers answering mobile text messages sent in by Americans. The California-based firm, AskMeNow, offers the novel service to
      AFP  -  563 words
    • 255 16 AFP [COLOMBO] Global banking giant HSBC formally launched yesterday a US$3l million call centre in Sri Lanka as violence flared in the north of the island, officials said. Sri Lanka beat contenders such as India to secure HSBC's 11th call centre, a
      AFP  -  255 words

  • WORLD
    • 408 17 Surprise counterbid of US$72 a share could torpedo J&J's takeover [NEW YORK] Boston Scientific surprised Wall Street by moving to torpedo Johnson Johnson's vexed takeover of Guidant with a surprise US$25 billion counterbid that would create the largest maker of heart devices by
      408 words
    • 148 17 Reuters [NEW YORK] Verizon Communications, the second-biggest US telecoms firm, will restructure retirement benefits for 50,000 managers in a bid to save US$3 billion over the next 10 years. Under the plan, managers will no longer earn pension benefits or receive service credits towards healthcare
      Reuters  -  148 words
    • 208 17 Reuters [SAN FRANCISCO] Intel and STMicroelectronics on Monday said they are working together for the first time to produce a mobile-phone memory chip based on common specifications. The tie-up between the two rival semiconductor companies comes amid increasing competition in the fast-growing market for
      Reuters  -  208 words
  • Page 17 Advertisements
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      424 words

  • AVIATION
    • 749 18 Military contractors feet US budget crunch and Pentagon cutbacks Reuters. AFP [NEW YORK] A dogfight over the future of air travel pitting Boeing Co against European archrival Airbus has dominated air shows from Paris to Dubai this year as once-hot military planes lose their sizzle. Commercial
      Reuters.; AFP  -  749 words
    • 462 18 AFP [SHANGHAI] Promises of aerospace technology transfers that helped Airbus clinch its largest-ever order from China could be the first step towards the Asian nation becoming a jet production hub, analysts said yesterday. A key incentive of allowing China to produce Airbus jets
      AFP  -  462 words
    • 403 18 Bloomberg [SINGAPORE] Air Asia Bhd, South-east Asia's biggest discount carrier, said it has proposed to operate all but three of Malaysian Airline System Bhd's (MAS') domestic routes as part of the government's reorganisation of the network. The review of the domestic
      Bloomberg  -  403 words
    • 251 18 [SINGAPORE] Air Asia, South-east Asia's biggest low cost airline, is giving away two million free tickets to celebrate its fourth anniversary. The tickets are available for all domestic and regional flights departing from Air Asia's four hubs in Kuala
      251 words
    • 130 18 AFP [SINGAPORE] Travel bookings in Asia are on track to set a new record with growth of 9 per cent tipped for 2005 despite high oil prices and outbreaks of bird flu. a leading ticket reservations firm said yesterday. Bookings in October were
      AFP  -  130 words
    • 557 18 l, ii I fjjj 1 1 sl 111 44 1188 K5L OX1 OOSS OSM 074; Jill 11 i» ii J&U Jli !l§ fan* UM771 0200 H fi ,p na RIS588 I Cilw AMW1 1»i6 A6?Mi M jjkjn, agjB-7ig- ill CIMTMM SQ480 one y). 5J s! 55
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  • Page 18 Miscellaneous
    • 192 18 CRYPTIC CROSSWORD 1 A good point following time off for damage (8) up? (3) Across: 1 A bone to pick, 9 Gall, 2 Respectful of lease always be- 15 'pon my soul, it's almost chil- 10 Homeopathic, 11 Jean, 14 Bay ing accepted (8) ly! (3) leaf, 16 Advance, 18
      192 words

  • SHIPPING
    • 780 19  -  But they still retire at an earlier age than officers from OECD countries By DAVID HUGHES in London ASIAN officers are gradually taking over from their OECD country counterparts in the manning of the world's merchant fleet but they are still
      780 words
    • 712 19  -  S'pore's entry into liner groupings debate will be welcomed By DAVID HUGHES IN comedy, as in container shipping, timing is everything. And if it had wanted to bring wry smiles to the faces of liner shipping executives around the world, announcing a block exemption from
      712 words
    • 326 19 But American forces won't be deployed in Strait Reuters [JAKARTA] The US may donate ships and rubber boats to Indonesia for security patrols in the Malacca Strait, Defence Minister Juwono Sudarsono said yesterday. But he also insisted that Washington would not deploy
      Reuters  -  326 words
    • 276 19 SGX PHS< Dect St W- Vol CH Offshore 437 0X11 600 ChuanHup 438 unch 5358 Cosco Corporation 2.33 -0.02 1311 COTDttributtan 041' 0.01 52 EzraHldgi 1/46 0.04 1542 Freight Links 0.06 unch 11 Grand Banks Yacht 0.89 -0.01 91 JayaHokflngs 1.23 unch IBM K1 Venture 0.32 unch 3367
      276 words
  • Page 19 Advertisements
    • 2 19 HOT IPO
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    • 141 19 SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE PEAK SEASON SURCHARGE (PSS) The following Lines in the South East Asia and South Asia/Australia Trade Facilitation Agreement wish to inform the trade that they have decided to remove the application of PSS on all shipments from
      141 words
    • 159 19 22-24 Mar 2006 W Asia Pacific Singapore Expo maritime www.apmaritime.com vftiH Bhv HpHHpM ►>JWid. f* tSrT> The STRAIT TALK cohmß lias been lieM over I A One-stop Logistics Centre That I Synergises With Your Goals Needs j •Daily Batam Liner Service •International Freight Forwarding •Project forwarding •Slip Broking Charier•Ship Agency
      159 words

  • EDITORIAL & OPINION
    • 532 20 EDITORIAL IN recent months, many market insiders have been perplexed by the somewhat schizophrenic character of the Singapore market. The concern arises since, while the Straits Times Index (STI) has risen by as much as 15 per cent this year, and remains at five-year highs,
      532 words
    • 793 20  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent EUROPEAN Union trade officials will require nerves of steel at next week's global trade talks opening in Hong Kong. Much to Brussels' alarm, the World Trade Organisation's (WTO) meeting from Dec 13-18 looks set to
      793 words
    • 994 20  -  Give-and-take is the key to success of the global trade talks and benefits for all concerned By HOMI KHARAS EAST Asia has a huge stake in the success of a Doha Development Round of global trade talks. Countries here stand to reap
      AP; AfP  -  994 words
    • 1578 21  -  It doesn't need 9%-plus GDP growth to keep the magic alive 7-8% will do STEPHEN ROACH ABOUT six weeks ago, I threw in the towel on the ever-elusive China slowdown call. In doing so, however, I cautioned that we simply may have been
      REUTERS  -  1,578 words
    • 678 21  -  LETTER TO THE EDITOR Narayana Narayana Singapore YOUR corporate analysis article, "What's a listing on SGX worth?" (BT, Dec 3), omits the more crucial rider, "and to whom?" There is, of course, an obvious worth to the Singapore Exchange (SGX) itself in
      678 words

  • Page 21 Advertisements
    • 117 21 Diners Club Card r„w*««64i609«0 A World of Exclusive Privileges Treats Club W www.Jmers.com.sg International r r i j? (•>; P-l 'J MIM I Oi I M p] g I S3 76'- 1 I p^«:ss2 L Bunnell Ut I*tnii milifclt Alt day «altt parkins cLS Lib tiSEL c±S cS CLS CJ
      117 words
    • 45 21 V,ilirr Htsih .If vv/ '»0 <• f I jm i m m 1111 I 11 rr i |«> r <>l i «»I h*<\ Km i«III11U s km Hr > r *C' d r w 4 'CG jC"'i r i, >B "> Z .iJ J y i > lb 6430 4119
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  • 9992 22 SGX MAINBOARD urn TH Last IM Day L«tO«K>t« GrOrw 0«v GrVM MM MGtp low Code Company Salt ("000) low tmftr StMtr S Cur fit Saw 75 3 Sllfe 1st Software Sc 2 5 uncti 50 25 2 5 2 3 10.1 22 6 3'« 8Te««omUS2t 7S unch 100
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  • Page 22 Advertisements
    • 64 22 Why would you trade Contracts for Difference? (CFDs) For further details or information 011 how to open an account loq on 10 www.cityincioxasm.com CFDs carry a In.)ho 'V•• o! <-sh "•"'i|>■ v* >i' t i i-t, t < It is possible to quickly !o^ r *tvm■ Vi<t > >tn 'in!
      64 words

  • 6202 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curt In SS In USS dy *f 6f <1* Dt 5 lnde» Change Change Chang* Change Change Ch*nq* Wtjflti Index Preliminary 963 5 -0-2 13 0 0-2 104 -0.1 6.8 EAfr Preliminary 95) 4 0.0 231 03 11.7 03 8.1 Eurcpe
    6,202 words

  • Page 24 Advertisements
    • 1282 24 We offer fully containerised service I a I I m m connecting the world: (1 I L)H I I USA/Canada/Europe/East West y J Mediterranean/Russia/'Black Sea/Latin I I I America/South Africa/'Australia'New Irj Q3 II \f fopi IQPrI Zealand/Hawaii/Mexico/lntra-Asia II y i W O i p or complete/specific schedule WE ARE MORE
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    • 536 24 wiiiUiAW* map fili ygsa/vor jjjggQ hbgwwu to km to sw jkt STRAITS VtNTUtf 24/05 15 3.2 24/11 27/11 30/11 03/12 05/12 SIWITSVBnUtt 25/05 15 3.2 07/12 STUtTS VEHTUIf 24/05 15 3J 11/12 21/12 24/12 29/12 31/12 Ituwtiitu mtsmrk anwf« I niinKWMwn I ygsa/vor imwukdi hbghtwi 5 aj sin wa mm
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  • Page 25 Advertisements
    • 1268 25 www.homburgsud.com **3^ ASIA SERVICE SUNG 1 (IXPORT) ASIA SERVICE SUNG (EXPORT) ETA ITA Vessd/Voyon SINGAPORE DURBAN SEPETIIA SAHTOS ITAJAI PARANAOUA SINGAPORE RUENOS AIRES RIO GRANDE SANTOS SEPETIIA Cop Bonavista 505W 14/12 25/12 04/01 05/01 07/01 08/01 Cap Mains 515W 10/12 02/01 05/01 07/01 08/01 NYK Estrela 002W 21/12 01/01 11/01
      1,268 words
    • 1234 25 VESSEL VOY SIN JKT HKG KHH INC KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS HY PROGRESS 10SS B/l? 10/1? 15/12 17/1? H/12 21/1? 21/1? KMTC PUSAH 514S 11/1? 14/1? 15/12 20/12 24/1? ?5/1? HY BRIDGE 104S IS/1? 17/12 22/1? ?4/l? ?6/l? ?8/l? KMTC SINGAPORE 517S 18/12 ?1/1?
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    • 716 25 SK9itS& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VKSII VOT SIN PJCLANG COUMMO It SHIVA COtOMO SMt Ift SfcJldiifc Jib =SS= INDIIA GANDHI MWW HDK 18 DPf 73 DPf 26 DK 79 DEC BAJIV GAMDHI QO99W 26 DEC 27 DEC 2LM SLIM OfcJU KOTAPamm
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  • Page 26 Advertisements
    • 1541 26 WAN HAI INTERNATIONAL PTE LTD at NO: uwswoooo/* mil. T1L*****588 (14LINES) FAX:*****163 V\\M > WAN HAI I INFn Customer Service/Bookings Drect line (1800) *****200 V V ■■nil llttl FM. 1H: (03) *****000 FAX: (03) *****700 PIN 1H: 104) *****00 FAX: |04)*****99 V- JOHIR: |07) *****23 FAX: (07)*****71 8f132*5475 FAX: (031)
      1,541 words
    • 654 26 VESStI VOY SM PCU VKSa VOY SIN JKT CSf 2301 020SP 05/12 07/12 PACHMTAM 9327 03/12 06/H MCJAHM 1616 M 06/12 06/12 4195 OS/2 06/12 PAC MWPA 1617H 07/12 08/12 PACWNIAN 9326 10/12 13/12 CSf 2301 02fi?f 08/12 09/12 -gHsHjj "CQAMDA WW 09/12 09/12 H™T~ mum am uzu iazu_ —j|3j
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    • 372 26 \*mm pk ik in it co wi it I MWMM IWUmH to umm/Hyw I I a lIIHMIWK I vSi^^^w^s«n!^ssn^oisßsnoi^^^^ llniao Star 8 52/D5 07/12/2005 08/12/2005 Jon*. Tdang Tnggi SmCenlrd 55/05 0M 2/2005 09/12/7005 Duna/famang Unon Star 27 47/05 09/12/2005 10/12/2005 Surabaya Union Star 20 53/05 10/12/2005 11/12/2005 Jakarta (Ma* Star
      372 words
    • 583 26 BSA -L MYANMA FIVE STAR UNE (HyoMßor NotiMd Um) VKsa VOY SIM nu KM PG(J PAGAN 340W SID PAGAN 349W SID IN MALAYSIA: BOUSHAD SHIPPING AGENCIES KUI/PKL 03-*****3U PEN: 04-2*3311 S ACCEPTING COMVEWTiOMAI C6O VBSa VDT HKG SW K. KOI TM ITU SN Ml HARM STAR 71 SU> SID SID
      583 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8687 27 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Oest'n Name Name Number Number v 22/12 27/12 Geniki L GENIKIJOHOR GJ186E 6377S674 To ABIDJAN (ABJ) 2003 Cote D'lvoire To BLUFF HARBOUR (BLU) 2052 New
      8,687 words
  • Page 27 Advertisements
    • 407 27 SNordana (Asia) Pie Ltd 70 Shenton Way, *21-03 Marino Hons* Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VESSEL VOY Singapore Fremontle Cows Islawd Island Pwir Gidang Island Express 1E503 05 Pet 19 Pec 29 De< 01 Jan 07 Jw Island
      407 words
    • 331 27 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 SOUTH AMERICA fir CHILE AQABA BUENOS AIRES SANTOS RIO GRANDE RIO DE JANEIRO VALPARAISO CALLAO CANADA il|| ALEXANDRIA MALTA MAHE GENOA -PANAMA CEBU DALIAN HONG KONG JAKARTA QINGDAO SHANGHAI SURABAYA Booking Hotlines a| *****694/5535/5541/5553/5561/5551/5569/5565/5580/5560/5508/5578/5514/5563
      331 words
    • 249 27 ■Pfliflß TIGER WAVE 342N 12 12/12 17-18/12 24-25/12 HUiiiSHll TOE* PEARL 343N 13-14/12 20-22/12 27 28/12 I TIGER SEA 344N 17-18/12 23-25/12 31-01/01 I ■■■■■TIGERSKY 345N 20-21/12 27-29/12 03-04/01 I TIGER WAVE 346W 24-25/12 30-01/01 07-08/01 IMI=P. 008 08-09/17 H-18/17 76-77/17 1 MNMffiM TIGER SPIRIT 113 11-12/12 19-21/12 29 30/12
      249 words


  • MOTORING
    • 654 29  -  Sales expected to double to 34.000 units this year: senior exec By SAMUEL EE CHEVROLET is the fastest growing brand in Asean and its sales this year will double to 34,000 units, according to John Thomson, vice-president for Chevrolet sales, marketing and aftersales.
      654 words
    • 563 29  -  By SAMUEL EE OUTGOING Mini dealer Performance Motors is offering an unprecedented six years of free service and maintenance to anyone who buys the cute cult car from it. The package covers original parts and labour and is over and above the
      FILE PHOTO  -  563 words
  • Page 29 Advertisements
    • 103 29 aSIKM' r v?%, < trgKftp. 4 9^|Wp i ,li i. 1. 1 1L Wlllt r k ■MprrV«» St3y dt home When you re OVerSe3S Being frequently away on THE STRAITS TIMES INTERACTIVE business doesn't mean you have to be disconnected from home. With the power of The Straits Times Interactive
      103 words

  • executive Money
    • 1129 30  -  Delphi's default has hit the DB Platinum IV Yield Enhancement Fund, which has over $101 million in assets, reports GENEVIEVE CUA GENEVIEVE CUA A "credit event" an euphemism for a bond default or downgrade has hit yet another retail structured fund, requiring investors to decide
      1,129 words
    • 469 30  -  One recently launched fund was fully subscribed within 2 weeks By GENEVIEVE CUA A PRIVATE equity fund investing in real estate in China has turned out to be such a big hit among high net-worth individuals that Citigroup Private Bank is exploring
      469 words
    • Article, Illustration
      186 30  -  By Chua Boon Lee Standard Poor's Fund Services EquHymartoetslnAsean5 AS<W«*dyttlyottltlmtS£AI tMQfltaarflgta (fcGafeThfcp^feprtaiBtypoi^MftMMfeAfita hti i sMI Act onnfrftft fr* bort anwcjt and ten r*bor to Mm I* ftppw 5 >- r:- f Perhaps, not surprising!* the figures paint a (fcmal picture, 'suggestiig that equity South-east Asia haw had Bate
      186 words
    • 1006 31  -  MONEY MATTERS Investors would do well to follow developments in Dubai and Arab financial markets next year MICHAEL PREISS ASSUME the virtue if you have it not. William Shakespeare's immortal words in Hamlet apply very well to Dubai and what this tiny emirate wants to achieve. Since
      FILE PHOTO  -  1,006 words
    • 5070 31 UNIT TRUSTS FUNDS Cm Money Smg Dollar Class 1.0874/ cm Pan-Europe Equity Fund 1.33/ i»u u_» ic™.\ ClbSelect Asia Tilt Balanced 1.48/ 0 RS7/ CitiSelect Asa T.lt Growth 1.47/ CitiSelect Asia Titt Enh Grth 1.41/ \m CmSelett Global Growth U1/ IS Agitato \\w Cm Global Healthcaie Fund 0.98/ 13« Citi
      5,070 words
  • Page 30 Advertisements

  • Page 31 Advertisements
    • 28 31 I DIT Europazins Best Bond Europe Fund over lyr, 3yrs and Syrs category' AlliatlZ (jjj) rated AA by Standard Poor's. Global investors Source: The Edge-Lipper Singapore Rinds Awards
      28 words

  • SPIRIT OF ADVENTURE
    • 1398 32  -  Financial recruiter Declan O'Sullivan is passionate about martial art Shorinji Kempo, and saving orang utans, writes ANNA TEO ANNA TEO UPON qualifying as a chartered accountant in Ireland, Declan O'Sullivan picked up two rucksacks and headed for Australia, where he became a financial recruiter with Michael
      YEN MENG JIIN  -  1,398 words
  • Page 32 Advertisements
    • 43 32 Land Rover Legendary Facts IN 1972, the famous Trans-American Expedition from the tip of Alaska to Cape Horn had to overcome the "uncrossable" Darien Gap. They crossed it in a Land Rover. v' »■£*'s" m "*T 2* Snip*-^ '^^^gC"^gSfe^fe-s^^^ v^S^!^ste>^Ss^Bß rfi 'S\ BBlteSS
      43 words
    • 21 32 GO BEYOND This weekly series profiling high-flying executives who find adventure outside of work is brought to you by Land Rover
      21 words