The Business Times, 15 December 2005

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Microfilm: NL26545
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES MICA (P) 089/03/2005 online at http://business-times.asial.com.sg SINGAPORE 85 cents Thursday, December 15,2005
    15 words
  • Article
    Lock icon PM Lee upbeat on growth prospects for next year
    596 1  -  Economy expected to grow 5% this year, but he says S'pore must press on with restructuring By NANDE KHIN in Kuala Lumpur PRIME Minister Lee Hsien Loong is "optimistic" about Singapore's economy next year with the continued growth of the US,
    596 words
  • Article, Illustration
    Lock icon US to WTO: Restart talks next year to break deadlock
    659 1  -  By ANNA TEO in Hong Kong JUST two days into the week-long global trade talks, the United States has called for a new date "early next year" for the 149 World Trade Organization (WTO) members to reconvene to break their
    AP  -  659 words
  • Article
    Lock icon MARKETS DIGEST
    137 1 sn 2,***** (+0.41) ST INDEX FUTURES 2,326.00 (+1.00) SIMSCI 274.15 (-0.64) SIMSCI FUTURES ***** (+0.10) MARKETS Wednesday Change KLSE COMP 898.80 +0.53 NIKKEI 225 15,464.58 -314.28 HANG SENG 14,976.26 +33.64 SET INDEX 694.72 +1.24 JAKARTA COMP 1,173.72 -8.31 MANILA COMP 2,097.25 -1.79 SEOUL COMP 1,334.27 -2.21 SHENZHEN B
    137 words
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  • TOP STORIES
    • Article
      Lock icon Wall St gets clear signal that hikes are nearly over
      756 2  -  FED INTEREST RATE INCREASE Stocks rally as market welcomes shift in Fed's policy stance By ANDREW MARKS in New York FOR the past six months, Wall Street has wondered and sometimes even despaired: When would Federal Reserve chairman Alan Greenspan
      756 words
    • Article
      Lock icon Statement in full
      245 2 [WASHINGTON] The following is the full text of the statement released on Tuesday by the US Federal Reserve: The Federal Open Market Committee decided today to raise its target for the federal funds rate by 25 basis points to 4 1/4 per cent. Despite elevated energy prices
      245 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      560 2 lata sees industry back in black in 2007 THE International Air Transport Association expects the global aviation industry to return to profit in 2007 after six years of heavy losses. At the same time, it has lowered its forecast for 2005 worldwide losses to US$6 billion. It expects
      560 words
    • Article, Illustration
      Lock icon Summit a good start: PM Lee
      692 2  -  East Asian leaders affirm commitment to inclusive forum By PAULINE NG, NANDE KHIN in Kuala Lumpur LEADERS at the East Asia Summit that ended yesterday acknowledged their shared interest in a peaceful and prosperous East Asia and affirmed their commitment to an open and
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    • Article
      Lock icon Corrections and clarifications
      155 2 IN the graphic accompanying the article "Will Reits fee structure dilute returns?" (BT, Dec 14). the base annual fee of Capita Commercial Trust should be 0.1 per cent of deposited property, not one per cent. The performance fee should be 5.25 per cent of net investment income,
      155 words
    • Article, Illustration
      Lock icon Global aviation back in the black in 2007: lata
      744 3  -  It expects airlines' combined losses to narrow to US$6b this year By VEN SREENIVASAN in Geneva THE International Air Transport Association (lata) expects the global aviation industry to return to profit in 2007 after six years of heavy losses. At the
      BLOOMBERG  -  744 words
    • Article
      Lock icon DBS seen quitting China bank bid
      338 3  -  Citigroup believed to be in lead with US$1.5b offer for up to 50% stake By SIOW LI SEN [SINGAPORE] DBS Group Holdings is said to have dropped out of the bidding for China's Guangdong Development Bank because it feels the price is too high,
      338 words
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      299 words
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      83 words
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      53 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Ex-Citiraya assistant GM sentenced to 8 years' jail
      862 4  -  Ng Teck Boon, Ng Teck Lee's younger brother, convicted of 24 charges By WONG WEI KONG NG Teck Boon, the former assistant general manager of Citiraya* Industries and younger brother of its missing ex-chief executive Ng Teck Lee, was jailed for eight
      FILE PHOTOS  -  862 words
    • Article, Illustration
      Lock icon OUE shares surge on hopes of UOB divestment plan
      524 4  -  UNLOCKING OUE Parent obliged to pare down stake by July next year By LESLIE YEE SHARES of Overseas Union Enterprise (OUE) reached a closing high this year of $10.70 yesterday on growing expectations that its parent United Overseas Bank will soon
      FILE PHOTO  -  524 words
    • Article
      Lock icon Win-win possible for both minorities
      600 4  -  HOCK LOCK SIEW By LESLIE YEE THE deadline is fast looming for United Overseas Bank (UOB) to divest itself of its stake in Overseas Union Enterprise (OUE). Not surprisingly, UOB's Wee Cho Yaw, widely acknowledged as one of the shrewdest businessmen in town, has been
      600 words
    • Article, Illustration
      Lock icon SembCorp unit eyes regional CNG sales
      346 5  -  It's in talks after clinching supply deal from S'pore taxi firm Smart By OH BOON PING SEMBCORP Utilities aims to supply compressed natural gas (CNG) for vehicles across the region, after clinching a supply deal with local taxi operator Smart Automobile. "We are in
      346 words
    • Article
      Lock icon M1 to charge local rates for overseas surfing
      210 5  -  By ANGELA TAN COMPETITION for the mobile phone dollar looks set to intensify. From today, Mobile One customers will pay only local data rates when they use their handsets to surf the Internet overseas. Unlike customers of rivals Sing Tel and Star
      210 words
    • Article, Illustration
      Lock icon Brookstone posts Q3 net loss but stays upbeat for full year
      292 5  -  By UMA SHANKARI BROOKSTONE Inc, whose acquisition by an OSIM-led consortium was completed on Oct 4, has reported a net loss for its third quarter ended Oct 29. The US specialty store posted a net loss from continuing operations
      FILE PHOTO  -  292 words
    • Article
      Lock icon SP AusNet makes disappointing trading debut
      311 5  -  By LESLIE YEE SINGAPORE Power's SP AusNet made a less-than-promising start on its first day of trading on the Singapore Exchange (SGX) yesterday. It ended the day at $1.64 per security 6 per cent below its initial public offering price of $1.75. SP AusNet
      311 words
    • Article, Illustration
      Lock icon Biosensors shares plunge on news of suit
      362 5  -  UOB-Kay Hian urges investors not to over-react By R SIVANITHY HEART stent firm Biosensors International's shares plunged by up to 16 per cent yesterday after news that the company faces legal action over alleged breach of a patent. The stock sank 18.5 cents
      Source: Bloomberg  -  362 words
    • Article, Illustration
      Lock icon Investors may look for laggards in 2006: SIAS
      524 7  -  STOCK PICKS Water-treatment and environment sectors among favoured stocks By TEH HOOI LING AFTER a 36 per cent gain in the Straits Times Index in the past two years, investors may now want to look for laggards in 2006, says SIAS Research
      FILE PHOTO  -  524 words
    • COMPANY BRIEFS
      • Article
        Lock icon SSC buys ship from Mitsui OSK
        30 7 SINGAPORE Shipping Corporation (SSC) has entered into an understanding with Mitsui OSK Bulk Shipping (Asia Oceania) to purchase a vessel. MThis. for $3.9 million.
        30 words
      • Article
        Lock icon APB sets up subsidiary in Vietnam
        64 7 ASIA Pacific Breweries (APB) has incorporated a wholly owned subsidiary. Beer and Beverages Internationa] (BBI), in the Hatay province of Vietnam with a paid-up capital of US$ 1.2 million. BBI will provide various services to Ha Tay Brewery (HBL), which is another wholly owned
        64 words
      • Article
        Lock icon JSH completes Rothschilds deal
        94 7 JARDINE Strategic Holdings announced yesterday that its acquisition of a 20 per cent stake in Rothschilds Continuation Holdings AG (RCH) from Royal Sun Alliance Insurance Pic has been completed for US$182 million. RCH is the parent company of NM Rothschild Sons Ltd and is a major
        94 words
      • Article
        Lock icon Raffles to manage Ankara hotel
        104 7 RAFFLES International yesterday signed a management contract with Gulsan Insaat. Sanayi, Turizm, Nakliyat veTicaret AS, to manage a new hotel development in Ankara under the Swissotel brand. The 150-room deluxe hotel will be named Swissotel Ankara and is scheduled to open next April. The new
        104 words
      • Article
        Lock icon Khong Guan H1 net quadruples
        65 7 KHONG Guan Flour Milling's net profit for its first half-year ended Oct 31 has quadrupled to $1.93 million from $484,000 in the previous corresponding period. Revenue rose 14.8 per cent to $23.9 million. Factors cited for the profit rise include: write-back of allowance for diminution
        65 words
      • Article
        Lock icon KPMG named Del Monte adviser
        49 7 DEL MONTE Pacific has appointed KPMG Corporate Finance as the independent financial adviser to advise the independent directors of the company in connection with the mandatory conditional cash offer by NutriAsia Pacific to acquire all the remaining shares that it does not already own.
        49 words
      • Article
        Lock icon Reyoung corrects EPS figures
        91 7 CHINA-BASED Reyoung Pharmaceuticals said yesterday that group basic earnings per share figures given in its nine-month results announcement last month were erroneously stated. The correct basic EPS figures should be: for the three months ended Sept 30,2005: 5.7 renminbi cents; for the three months ended Sept
        91 words
    • Article
      Lock icon SIA shares set to soar: JP Morgan report
      580 7  -  By VEN SREENIVASAN SINGAPORE Airlines (SIA) stock, which has been a laggard this year, could become a leading performer next year as the market wakes up to the fact that it is a company with the ability to post consistent earnings growth
      580 words
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      59 4 JIb 1I H jHP Wk WAV i V JW I I I flriL I fc Y V W J »>^yißß' l J i**- I I [23 NIPPON PAINT (S) NAM HUAT TILING PANELLING CO. PTE LTD. FKA h« eureka PTE LTD II STRIKE L. B (A member of the NH
      59 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Fed signal fails to get STI moving
      542 6  -  STOCKS Pressure on Biosensors and poor debut of SP AusNet mark tepid trading R SIVANITHY Senior Correspondent THE US Federal Reserve may have lived up to its end of the bargain as far as signalling a possible end to its rate hikes, but
      Source: Bloomberg  -  542 words
    • Article
      Lock icon Major Cortina shareholder sells entire stake
      502 6  -  TRADES TO WATCH By AMIT ROY CHOUDHURY CORTINA Holdings' substantial shareholder Long Foo Yong has sold ofThis entire 7.16 per cent stake or 11.86 million shares in the watch retailer at 36 cents apiece through married deals. The purchasers are Ming Yaw Pte Ltd
      502 words
    • Article, Illustration
      Lock icon Untitled
      411 6 OTHER SINGAPORE INDICES Dec 14 VALUE CLOSE BT OB/OS -50.00 -82.00 BT CADI -*****.00 -9.00 BT 10-day MA -*****.00 -5.00 AH-SG Equities 591.53 -1.06 SG Equities Elect 127.25 -0.28 «SG Equities Fin 1701.09 -9.91 SG Equities Prop 709.22 +4.79 SIMSQ 274.15 -0.64 SiMSCI Futures 275.50 +0.10 MOST ACTIVE STOCKS VOLUME
      411 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      941 6  -  Compiled by UMA SHANKARI Parkway Holdings Dec 14 dose: $2.17 CMMMSK RESEARCH, Dec 14 PROJECTED growth of 23 per cent for FYO6 will be driven by higher patient loads, mainly foreign patients seeking high-end treatment. Foreign patients are drawn to Parkway, which is renowned for its ability to
      Source: Bloomberg  -  941 words
    • Article, Illustration
      Lock icon US$ in hot soup, supports thrashed
      535 6  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar hammered through yet more important support areas in Asian trading yesterday, ignoring the threat of more short-term US interest rate hikes. The greenback tumbled across a broad front, as the euro elbowed its way back above
      Source: Reuters  -  535 words
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      32 7 -nip-- -.~i <^g^SIMBWOWBBg. i S'* iIS '1^ 4 V§» t'fi Jp* SIS?V'" W?^h w v- ■%.«'v '*Tm •■.■^Wsm ;■'■■>*"*".■ »>wo-' »..w. J.. -I .■■■ijn ii«» see the beaut in a diamond Nfl Ik
      32 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Harrah s-Keppel ties up with AEG for IR bid
      597 8  -  World's 2nd-largest live entertainment firm associated with big name acts By ALEXANDRA HO Big name acts such as Gwen Stefani, Usher, Bon Jovi, Prince, and Paul McCartney could find their way here as part of the package offered by one of
      AP  -  597 words
    • Article, Illustration
      Lock icon Win a tour of Man u's training grounds
      268 8  -  By CONRAD TAN YOU could win a tour of Manchester United's training grounds with legendary footballer Bobby Charlton asiyour guide. But only if you happen to be a foreign-exchange trader and using software by EBS. You will then be eligible to bid
      FILE PHOTO  -  268 words
    • Article
      Lock icon ST Asset Mgt launches China, India pre-IPO fund
      245 8  -  By GENEVIEVE CUA ST Asset Management (Stam) has launched a private equity fund focusing on pre-IPO (initial public offering) companies in India and China. The fund's investment manager is Stam; the placement agent is Daiwa Securities SMBC, which has itself invested US$3O
      245 words
    • Article, Illustration
      Lock icon Less than half of tsunami aid allocated: WB official
      439 10  -  US$4.4b of the US$8.85b in aid allocated, with US$775m expended By MATTHEW PHAN ONE year after the Boxing Day tsunami devastated the Indonesian islands of Aceh and Nias claiming some 130,000 lives and prompting the largest burst of aid from developed
      Source: The World Bank P , AP  -  439 words
    • Article
      Lock icon Kim Yam Mansion first en bloc sale under new law
      458 10  -  By KALPANA RASHIWALA OWNERS of the 877-year leasehold Kim Yam Mansion off River Valley Road yesterday put up their estate for collective sale at a reported price of $63-67 million, or $460-490 per square foot of potential gross floor area
      458 words
    • Article
      Lock icon SHRI to administer management programme
      164 10 THE Singapore Human Resource Institute (SHRI) will now administer the programmes of the Macquarie Graduate School of management (MGSM) here through a new partnership forged with the Australian university. In a recent agreement between SHRI and Macquarie University, MGSM will join thfe university's Centre for
      164 words
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      121 8 HnffS WI L W A R R k. \j L J WiSfew rrro^WßM WBrFirSb^r x ffs r lwfe*i v«\fnsl» By 4^l I i.- -.;i x<£)> p**^ -fiffit v^iYi M IwlCS'u^ /jBP m rvAllflPk HHBHHBBBBBB KL> i!lii iitfi^lfiiHiMW'iill 1111 MM II gMrr^i*, i OBi^^^^fy^iS£^PMil^Pt^S<ga3^lHOK"l^lKlKlKKl i Place a 3-month Fixed Deposit with
      121 words
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      2770 10 >AT^ €0 NOTICES E I buv IT SELL IT FIND iT IN THE MATTER OF THE COMPANIES ACT, CAP. M AND IN THE MATTER OF CHIEF WEALTH INTERNATIONAL PTE LTD ClSMiy Rsg.No. *****4211Z (TnVil-Htj ll|iiHiHiii) NOTICE OP OMLtmON At m Extraordinary Gcnvil Mndngoffhi members of CHIEF WEALTH INTERNATIONAL PTE LTD
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      Lock icon Page 10 Advertisements Column 2
      210 10 In the MoSar of The Companies Ad, Cap. 50 And In the Matter of SIN HUA SING (IMPORT a EXPORT) PIC LTD Mm I jins'JiA'mil |in ntoniMfi Yofurwory u^otoonoo/ lr °ra, ft\ *****3187G) NOTICE Of FINAI MEETING ki/xTVc lojjcacav IJ TICUuT VHVCiN WKa pUHUOI* to Section 308 of tfw Companies
      210 words
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  • FOCUS: SERVICES
    • Article, Illustration
      Lock icon Eradicating the 3-Ds Syndrome
      1242 11  -  Process industry here wants to change its image quickly as it seeks to attract new blood, reports NANDE KHIN NANDE KHIN IF PEOPLE think about the process industry at all, apparently they often think in terms of the "three Ds" dirty, dangerous, demanding. It is an
      FILE PHOTO  -  1,242 words
    • Article
      Lock icon Schemes launched so far
      235 11 SOME schemes that the Workforce Development Agency has launched in collaboration with the Association of Process Industry: Process Industry Re-skil-ling for Employment Programme (PRocEss) was launched last year. PRocEss helps to re-skill Singaporeans with no experience in the industry for a variety of jobs in areas
      235 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan stocks dive 2% after release of Tankan survey
      595 12  -  Rise in business confidence below expectations, poll shows By ANTHONY ROWLEY in Tokyo JAPANESE stock prices suffered their .biggest drop in two months yesterday after the Bank of Japan's latest quarterly short-term outlook of business confidence, known as the "Tankan", failed
      AP  -  595 words
    • Article
      Lock icon Fed flags low unemployment
      642 12 Tight labour market may spark wage gains, price rises Reuters [WASHINGTON] After months of pointing to high energy prices as the key inflation risk, the US Federal Reserve shifted focus on Tuesday to America's robust job market, suggesting low unemployment may be worth worrying about. While
      Reuters  -  642 words
    • Article
      Lock icon BOT ups interest rates by 25 basis points to 4%
      525 12 Reuters [BANGKOK] Thailand's central bank raised interest rates by 25 basis points to 4 per cent yesterday to rein in inflation wrought by surging oil prices, and signalled more rate rises in the months to come. The widely expected inr
      Reuters  -  525 words
    • Article
      Lock icon FDI in China falls 1.9% in first 11 months
      160 12 AFP [BEIJING] Actual foreign direct investment (FDI) in China fell 1.9 per cent in the first 11 months of the year to U5553.13 billion, the government said yesterday. Contracted FDI. which signals future commitments rather than money actually spent, rose 23.99
      AFP  -  160 words
    • Article
      Lock icon Asian bond trading down 5%
      110 12 Bloomberg [SINGAPORE] Asian institutional investors traded fewer government bonds this year as they shifted their attention to fixed-income products that offered higher returns, according to research firm Greenwich Associates. Asian trading of government bonds and G-7 invest-ment-grade corporate bonds among investors fell 5 per cent
      Bloomberg  -  110 words
    • Article, Illustration
      Lock icon China's deadly roads hurt economy: ADB
      440 12 AFP [MANILA] China's economic growth would be at a double-digit clip but for its deadly highways, which trim up to 3 percentage points off annual output, according to Asian Development Bank (ADB) estimates. The crashes cost more than US$l2.5 billion and shave between 1-3
      AFP; REUTERS  -  440 words
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      Lock icon Page 12 Advertisements Column 1
      191 12 Up p e RClub sp Dining Entertainment presents Z&ve S&wmep 24 ShomH&ii ZOOS, &ato*day Treat your loved one to an enchanting Christmas this year. Start your evening with a complimentary Upper Club Martini and be enchanted by the mesmerizing voice of jazz singer Alemay Fernandez harmonized with a splendid 6
      191 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Ex-Indonesian election chief jailed for graft
      387 13 He got kickbacks from insurance firm that won contract related to election Reuters [JAKARTA] Indonesia's former election chief was sentenced to seven years in jail yesterday for corruption in the latest of a series of trials seen as a test of the government's commitment
      Reuters; REUTERS  -  387 words
    • Article
      Lock icon IOI plans RM100m biodiesel plant
      459 13 BIO-FUELS [KUALA LUMPUR] 101 Corp Bhd plans to build its first biodiesel plant at a cost of RMIOO million (5544.4 million) but remains undecided whether to venture big into the new sector, Malaysia's Business Times reported. The plantation-based company said should it decide on building
      459 words
    • Article
      Lock icon BURSA MALAYSIA
      1094 13 Mlnt*l Shipping .9.75 0.05 374 PuncakNiaga 2.45 -001 451 MAA Holdings 3.16 -022 141 Putera Capital 035 -0.01 1 Magna Prima .030 0.10 4 PWEInd 036 uncti 89 MagniTech— ...0*2 -0.06 2 QSR Brands 122 unch 87 Magnum 4D Bhd -2-35 0.01 8 R Hub Wit 16Aug09 0.12
      1,094 words
    • Article
      Lock icon Indonesia awards bio-fuel plant licences
      180 13 Bloomberg [JAKARTA] Indonesia, South-east Asia's biggest oil producer, gave licences to produce bio-fuel and bio-ethanol to 11 companies as the country tries to find cheaper fuel alternatives to replace its declining oil reserves. Each plant may produce between 50,000 kilolitres and 150,000 kilolitres of bio-diesel
      Bloomberg  -  180 words
    • BRIEFLY ASIA
      • Article
        Lock icon China may shut high-risk city banks
        64 13 Reuters [SHANGHAI] China may shut some of its high-risk city commercial banks, state newspapers yesterday cited the country's banking watchdog as saying, reiterating calls to clean up a sector crowded with about 100 players. The bad loan ratio of city lenders now averages nearly
        Reuters  -  64 words
      • Article
        Lock icon CNPC to explore for oil and gas in Peru
        87 13 Bloomberg [BEUING] CNPC (Hong Kong) Ltd, a unit of China's largest oil company, and its partner plan to spend US$32 million over the next seven years to explore for crude oil and natural gas in Peru to increase production. Sapet Development
        Bloomberg  -  87 words
      • Article
        Lock icon China develops 3 bird flu vaccines
        57 13 Bloomberg [BEIJING] China has developed three vaccines and used them to vaccinate6.Bs billion birds for avian influenza this year, said Jia Youling, chief veterinary officer at the Ministry of Agriculture. The government had set aside two billion yuan (Ss4ls million) for vaccinations and inspections
        Bloomberg  -  57 words
      • Article
        Lock icon China launches 2 asset-backed issues
        79 13 Reuters [SHANGHAI] China will launch two asset-backed security issues on the interbank market today, the Shanghai Securities News said, opening a new phase in the country's capital markets. China Development Bank will sell 4.3 billion yuan (SsB93 million) in asset-backed securities and China Construction Bank
        Reuters  -  79 words
      • Article
        Lock icon Rao seeks to raise pension interest rate
        69 13 Bloomberg [NEW DELHI] India's Labour Minister K Chandrasekhar Rao told reporters that he will try his best to raise the interest rate payout on the government-administered pension fund, the country's biggest, which is proposed to be cut by one percentage point. He will
        Bloomberg  -  69 words
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      28 13 V M iMWHA V Unllll■ Eternal Bird Limited Editidfcawork arrayed in precious red celluloid with a choice of uerli l^ igold with diamond*. Peninsula Plan Signature Galiery Paragon
      28 words
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  • GREATER CHINA
    • Article
      Lock icon Aussie power firm sells A$1.6b shares
      612 14 Spark's move comes amid speculation about interest rate rises Bloomberg [SYDNEY] Spark Infrastructure Fund, an Australian power distributor, raised Asl.6 billion ($2 billion) selling shares to the public at the bottom of its target range amid concern that interest rate rises may trim investor
      Bloomberg  -  612 words
    • Article, Illustration
      Lock icon China Mobile hopes to list on mainland
      403 14 [HONG KONG] China Mobile (Hong Kong) still hopes to list its shares on the mainland in the form of China depository receipts (CDRs), reviving the longheld desire of Hong Kong's public firms of listing on the mainland, the South China Morning Post reported
      BLOOMBERG  -  403 words
    • Article
      Lock icon China proposes rules for 'when-issued' bond trading
      429 14 Bloomberg [BEIJING] China's central bank issued proposed rules for a system that would allow investors to trade bonds before they are sold, as part of a plan to increase the market's volumes and improve its ability to set prices of debt securities. The
      Bloomberg  -  429 words
    • Article
      Lock icon Ex-China minister tried for bribery
      353 14 AP [BEIJING] The former head of China's powerful Land and Resources Ministry has gone on trial for taking bribes, the government said yesterday, in the country's highest-level graft scandal since a senior legislator was executed in 2001. Tian Fengshan was fired from his post two
      AP  -  353 words
    • Article
      Lock icon China welfare fund to invest 20b yuan in 2 banks
      346 14 Reuters [BEIJING] China's national welfare fund has been given the green light to invest 10 billion yuan (2.1 billion) in each of the two largest commercial banks in the nation, the official Financial News reported yesterday. The State Council. China's
      Reuters  -  346 words
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      485 words
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  • INDIA
    • Article
      Lock icon Indian, Chinese oil groups close to Syria deal
      557 15 Joint bid seen winning 38% stake in AI Furat Co being sold by Petro-Canada [HONG KONG] China National Petroleum Corporation (CNPC) and India's Oil and Natural Gas Corporation (ONGC) are close to clinching a purchase of Syrian assets worth about US$l billion
      557 words
    • Article
      Lock icon Indian banks 'seek higher foreign investment limit'
      473 15 Bloomberg [MUMBAI] Indian banks are seeking permission to increase the limit for overseas investments and split their stock, a newspaper report said. Bank of Baroda led state-run banks higher after the Economic Times reported some lenders are seeking permission to increase the investment
      Bloomberg  -  473 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5074 15 UNIT TRUSTS FUNDS Citigroup Asset Mgt Citi Global Bond/* 1.44/ ABN Amro Asset Mgt (S'pore) 06 Asia Infrastructure 0.7726/0.8035 Star Europe Eqty!** 0.865/ Citi Japan 1 Star Europe Bond 1.207/ CitiBond S 'P ore A/* 1-28/ Star Europe Bal 1.145/ CitiBond S pore B/$ 1331/ Star Asian Tiger Eqty 1112/
      5,074 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Be willing to take tough decisions: Hng Kiang
      517 16  -  WTO SUMMIT Agriculture needs 'greater sacrifices' to avoid dire consequences By ANNA TEO in Hong Kong TRADE and Industry Minister Lim Hng Kiang yesterday urged major players in the global trade talks the developed countries to "show leadership and political will" to
      AP  -  517 words
    • Article
      Lock icon Bangkok seeking foreign expertise for mega-projects
      334 16 Bloomberg Reuters [BANGKOK] Thailand's government will tender the first of its 1.7 trillion baht (5569.2 billion) of public works projects for international bidding from April 2006, and wants help in "modernising", Prime Minister Thaksin Shinawatra said yesterday. Details of the projects and bidding process
      Bloomberg; Reuters  -  334 words
    • Article
      Lock icon US trade gap widens to record US$68.9b in Oct
      296 16 LATEST US DATA Reuters [WASHINGTON] The United States trade deficit widened unexpectedly in October to a record US$6B.9 billion despite a drop in the cost of imported oil, as the deficits with China, Canada, the European Union, Mexico and Opec all
      Reuters  -  296 words
    • Article
      Lock icon Samsung owner cleared of charges of illicit funding
      171 16 AFP [SEOUL] South Korean prosecutors said yesterday that Samsung Group owner Lee Kun Hee had escaped prosecution on a technicality for illegally financing a presidential candidate in 1997. Wrapping up a 142-day probe, prosecutors said Mr Lee had provided US$4 to US$5
      AFP  -  171 words
    • Article, Illustration
      Lock icon Exposing myth of 'open regionalism'
      821 16  -  ASIA INSIGHT A community must be exclusive to some extent if it is to achieve any useful purpose ANTHONY ROWLEY Tokyo Correspondent MUCH nonsense is talked about the concept of community in Asia, and none greater than that which pretends there is such a thing
      821 words
    • Article, Illustration
      Lock icon FREMANTLE CALLING
      460 16  -  Round-the-World Yacht Race: Leg 3, Race 4, Day 17 By Susan Tai Onboard the Uniquely Singapore THIS Is the first time I am writing ft diary which is not for my eyes only. I shall stazi by saying that the dipper experience is mora than 1 bargained for.
      460 words
    • Article
      Lock icon Calpers scales back holdings of private equity funds
      478 17 It will cut the number of such funds by about half from 135 Bloomberg [LOS ANGELES] The biggest US pension fund Calpers, which has topped USS2OO billion for the first time, plans to scale back its holdings of private equity funds by
      Bloomberg  -  478 words
    • Article
      Lock icon EU was right to block GE, Honeywell merger: court
      369 17 AP [BRUSSELS] An EU court ruled yesterday that the European Commission was right to block a proposed all-American US$46 billion merger between General Electric Co and Honeywell International Inc in 2001, although it criticised regulators for how they made the decision.
      AP  -  369 words
    • Article, Illustration
      Lock icon Brokeback leads Globe nominations
      77 17 NYT [LOS ANGELES] Golden Globe voters turned their backs on Hollywood's major studios on Tuesday, spreading best drama nominations among small, art-house films including director Ang Lee's Brokeback Mountain. George Clooney's Good Night, and Good Luck and Woody Allen's Match Point. Brokeback took the most nominations,
      NYT; REUTERS  -  77 words
    • Article
      Lock icon London financial firms 'may struggle after a terror attack'
      361 17 AFP [LONDON] Some leading financial firms operating in the heart of London's financial district may struggle to recover rapidly from a terrorist attack, Britain's Financial Services Authority (FSA) warned yesterday. More than 60 companies, including investment banks and brokerage firms, took
      AFP  -  361 words
    • Article
      Lock icon IRS inquiry into Insureco tax shelter sold by KPMG
      336 17 Yum Brands involved in the unusual dispute NYT [NEW YORK] The Internal Revenue Service has been looking at a questionable tax shelter sold to big corporations that may have improperly allowed large tax deductions through murky transactions with the company's own
      NYT  -  336 words
    • Article
      Lock icon Citigroup to sell US$944m stake in Nikko Cordial
      431 17 Bloomberg [TOKYO] Citigroup Inc will sell shares valued at US$944 million in Nikko Cordial Corp, Japan's thirdbiggest securities firm, cutting its stake by more than half after the stock almost doubled in six months. The world's largest financial services provider will offer
      Bloomberg  -  431 words
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      125 16 Resort Hotel Villas Land For Sale/JV-Phuket, Thailand Many Resorts Villas under construction here Land prices appreciated 3to 5 times the last 12 Months in this area. Prices going up further fast Good Timing for good returns in this area Now Ocean Front, Lakeside, Riverside, Mountain View Land parcels ranges from
      125 words
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      165 17 I raj*^^Hl^HH|| r 1 f////y|Jy 9 S HOTBL PHOENIX Ly/iTLjtmju FESTIVE BUFFET LUNCH CHRISTMAS EVE NEW YEAR'S EVE BUFFET DINNER BUFFET DINNER Exdu«ngPut>#cHolldayi 24D*,«J0pmto10pm 31 Dac«Jopm» 10pm $2630+++ Adult $18.80+++ Child $4930+++ Adult $2330+++ChHd $49.80+++ Adult $2330+++ Child of. co«y*n»uify B <Mt of »*Wr»d «*»<>> 'lndu^of«con««m»niji y9 lMtofct>OTp«y»Of rrrrtDT ni
      165 words
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  • AVIATION
    • Article, Illustration
      Lock icon Boeing wins US$10b jet order from Qantas
      643 18 Deal to deliver 65 B787 Dreamliner jets, with an option for 50 more planes Reuters [SYDNEY] Boeing Co won a US$lO billion order from Qantas Airways Ltd to deliver 65 Boeing 787 Dreamliner jets, with an option for a further 50 planes, dealing
      Reuters; AP  -  643 words
    • Article
      Lock icon Cathay halts trading of shares on plane order
      316 18 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Hong Kong's largest carrier, halted trading of its shares on the city's stock exchange as it signed a contract to buy 12 Boeing Co 777-300ER aircraft valued at US$2.B5 billion at list prices. The order,
      Bloomberg  -  316 words
    • Article
      Lock icon British teenager's airline set to get off ground
      253 18 AFP [LONDON] A low-cost airline created and headed by a 19-year-old British entrepreneur was set to take to the skies yesterday barring hitches that have grounded his two previous attempts. The inaugural flight of Martin Halstead's Alpha One was set to leave
      AFP  -  253 words
    • Article
      Lock icon US air marshals to join land, sea patrols: report
      284 18 'Viper' teams will fan out at facilities starting this week Reuters [WASHINGTON] United States air marshals, who usually provide security on jetliners, will join law enforcement agents on other forms of mass transit beginning this week in a test of a
      Reuters  -  284 words
    • Article
      Lock icon KLIA low-cost taxis to shoo away touts
      299 18 Bernama [SHAH A LAM] The opening of a low-cost taxi terminal at the Kuala Lumpur International Airport (KLIA) next March is expected to put an end to the activities of "taxi touts" there. Taxi touts at KLIA have been a problem for taxi
      Bernama  -  299 words
    • LOG BOOK
      • Article
        Lock icon EADS co-chief sees more A350 orders
        77 18 Reuters [MUNICH] The co-head of European aerospace firm EADS said he expects more orders for its Airbus plane unit's new A3sojetliner before the end of the year. "We have 164 firm orders for the A 350 so far and we will increase this significantly
        Reuters  -  77 words
      • Article
        Lock icon Korean Air to buy GE engines for US$240m
        76 18 AP [SEOUL] Korean Air Co has agreed to purchase jet engines worth US$24O million from a unit of General Electric QoJSouth Korea's largest airline said yesterday The GEnx engines are for 8787 aircraft Korean Air has ordered from Boeing Co of the
        AP  -  76 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      813 18 QTY >T» rum wo &uW EYgSTB1gl5 |g| l| l||gj """"""Jili lffl H ii nil liifcM ~K 79ft) 1148 M2M1 1245 .SB1 jjfj G"» ire? mm u-aoi nra noa VF8625 ooio 1 A***** llnHi.ii ZfXTim —OKS W45 "iiiil "Mi 1 Jlj Ml |j B |j|j jjj|flj B
      813 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      239 18 CRYPTIC CROSSWORD of order this year (8) WN rade somehow glow (7) YESTERDAY'S SOLUTION 1 Like a form of Enalish comma 14 Che mis s s a ro f m less Across: 1 Pressure cookers, 9 Vet--9 9 quiet when the roofs come e ran, 10 Outcast, 11 Mean, 12
      239 words
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  • SHIPPING
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      Lock icon Port of Los Angeles free of congestion, says official
      659 19  -  Night operations, greater use of technology does the trick By DONALD URQUHART [SINGAPORE] Banking on regular night cargo operations and the increasing use of technology, the Port of Los Angeles hopes to avoid a repeat of paralysing congestion seen in two
      BLOOMBERG  -  659 words
    • Article
      Lock icon Report cruise ship crime, urge Congressmen
      425 19 Bloomberg [WASHINGTON] The United States should require reporting of crimes on cruise ships so passengers know of potential dangers, members of Congress said in a hearing spurred by incidents such as an attack last month on a Carnival Corp vessel. The FBl's statistics on
      Bloomberg  -  425 words
    • Article, Illustration
      Lock icon Asian shipbreaking yards slammed
      404 19 Accidents claim thousands of lives: rights groups AFP [PARIS] Countries that send used ships for scrapping in India and other developing countries in Asia are condoning a system that claims thousands of workers' lives each year, rights groups charged on Tuesday. Accidents, explosions and contamination from
      AFP; AP  -  404 words
    • Article
      Lock icon AP Moeller, cargo lines to keep fuel levy to US
      261 19 Bloomberg [OSLO] AP Moeller-Maersk, the world's largest container shipping company, and five other cargo lines said they will maintain fuel levies to and from the United States to help offset increased costs. The charge will be unchanged from Jan 16
      Bloomberg  -  261 words
    • Article
      Lock icon Korea Gas seeks US$938m loan to buy LNG tankers
      307 19 Bloomberg [HONG KONG] Korea Gas Corp, the world's biggest buyer of liquefied natural gas, Is seeking a US$93B million loan to purchase four LNG tankers as part of a joint operation it is setting up with three other South Korean companies.
      Bloomberg  -  307 words
    • Article
      Lock icon TRANSPORT STOCKS
      281 19 0x14 11 *f- V»l CHOfhhor* jOM unch 69 Chuan Hup 0.37 unch 1411 Coaco Corporation .2.24 -0.02 41?0 CWT attribution 0.13 unch 0 IcraHldai 1.39 -0.02 392 Fr»tghtUnk». .0 07 0.01 103 Grand 6anlu Yacht 0 90 unch 17 jMHoldlngi 122 unch 2S93 K1 Vantur* .0.32 -0.01 996
      281 words
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  • EDITORIAL & OPINION
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      Lock icon Taking the lead in trade cooperation
      517 20 EDITORIAL TWO Asian cities host major trade summits this week, and the contrast in expectations couldn't be more different. On the surface, the Asean Summit in Kuala Lumpur plays second fiddle to the World Trade Organisation's sixth ministerial conference in Hong Kong. Yet it
      517 words
    • Article, Illustration
      Lock icon All of Bush's horses, and all of Bush's men...
      1253 20  -  Iraq's economic progress under US occupation is not as rosy as the President says it is LEON HADAR Washington Correspondent According to Bob Woodward's book, Plan of Action, former Secretary of State Colin Powell applying what he termed "the Pottery Barn
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      Lock icon New business boom on Web unlikely to be another bubble
      809 20  -  THE BOTTOM LINE MATTHEW LYNN Bloomberg TECH-HEADS like nothing better than a catchphrase. In the past year, Web 2.0 has become the description for the new wave of technologies redefining the Internet. Type the phrase into Google Inc's search engine,
      Bloomberg  -  809 words
    • Article, Illustration
      Lock icon Will he emerge as the spoiler of HK Round?
      1038 21 Bloomberg IT IS not clear who will get the credit if the World Trade Organisation (WTO) talks in Hong Kong make progress this week. It is pretty clear who will get the blame if they don't. European Union (EU) Trade Commissioner
      Bloomberg; AFP  -  1,038 words
    • Article, Illustration
      Lock icon Subsidy cut at polyclinics will hit locals
      577 21  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to media reports that there will be no fee and prescription subsidies for foreigners at polyclinics from next year, and that subsidies for permanent residents will also be cut by 50 per cent.
      NP FILE PHOTO  -  577 words
    • Article
      Lock icon NKF: consider merger, generate income
      230 21  -  Narayana Narayana Singapore IT is depressing as well as dispiriting to read "worstcase scenarios" like those highlighted in your article "NKF has reserves to last only 6.7 years" (BT, Dec 9) of what could or would happen if the hitherto generous public stopped their donations
      230 words
    • Article
      Lock icon Help for needy: Give useful details
      186 21  -  Lu Kee Hong Singapore I REFER to the letter from the Ministry of Community Development, Youth and Sports, "Balance in helping needy" (BT, Dec 9). We need to strike a balance between providing help to the really needy and the speed of getting help
      186 words
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      Lock icon Farm subsidies have outlived their usefulness
      726 21  -  ROBERT SAMUELSON The Washington Post Writers Group FEW economic laws are so clear. Cheap and efficiently produced food relieves poverty. As farming becomes more productive, people eat better; workers move into better-paying industrial and service jobs. In 1820, about 70 per cent of the
      The Washington Post Writers Group  -  726 words
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      281 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YASUDA LIFE INVESTMENT (SINGAPORE) LIMITED Company No. IMM2INZ (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act Cap. SO that the Final Meeting of Member
      281 words
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  • Article
    Lock icon SINGAPORE STOCKS
    10071 22 SGX MAINBOARP 1* lart Vol Day Last Quote GrOiv Mv GrYW Net MCa> Hqh low Code Company Sale rOQO) Wall Uw» «uyw Seter Cvt P<t Sw5 7.5 2 5716 1st Software 5c 2.5 unch 260 2.5 2.5 2.5 3 101 22 6 3148 8TelecomUS2c 7.5 7 7.5 26
    10,071 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6068 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la loo! am In In USS *yt %4y %yt %t»t *yr D« 13 Ind** Chang# Chang* Chute* Chmrxtt Chang* Chang* Wofld index Preliminary 968.3 02 134 OJ 107 01 80 IEAfE Preliminary 9581 QJ 24.0 -OJ 130 01 10.2 Europe Preliminary 1268J 0J
    6,068 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      1414 24 I|| r lfafafljMl I* IfimlflnKki jflfcpi jjj?* ■mhl wi 'w. k I I |fflr b 7 ir BML:"'' iHBi v NYK GROUP SOUTH ASIA PTE LTD \r l\ vrwr u TEL 6295 0123 XV A AIINK WWOT M 3 It LIKE Fax: 6292 2856(Re^onalsates)/6230 7109PPS)/6299 5786 (Doctmentation) NIPPON YUSEN KAISHA
      1,414 words
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      Lock icon Page 24 Advertisements Column 2
      461 24 [RCTEEASIA RORO SERVICE vßsa/vor wwn hbohibo hb km ia sw g STIAITS VDfTUKE 24/05 IS 12 24/11 77/11 30/11 03/12 OS/12 STUmttMTUK?S/05 IS 3.1 07/11 I smns ysnuK m/os is u I 11/1? 21/12 oi/pi 01/01 ot/oi [AUtWAUAN rorq wviq I vßsa/vor I imkdl wamwi 10 1 sw m m
      461 words
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      Lock icon Page 25 Advertisements Column 1
      1151 25 www.homburgsud. ASIA SERVICE SUNOI (EXPORT) ASIA SERVICE SUNG 2 (EXPORT) ETA rr» SIHWWt PURMN SBTOA SANTOS ITAJAI WMU6U* V«»l/V w SmCAfOtt HttMQSAmS lIOGmtPt WtTOS jEPfWA KYK Eslteto 002W 21/12 01/01 11/01 12/01 14/01 15/01 hnto 101W 17/12 09/D1 12/D1 14/D1 IS/01 Cop Cormel 505W 21/12 01/01 11/01 19/01 21/01 22/01
      1,151 words
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      Lock icon Page 25 Advertisements Column 2
      961 25 VESSEL VOY SIN JKT HKG KHH IWC KYM PUS VESSa VOY SIN JKT SUB HKG DSN PUS HYVLADIVOSTOK 169S 22/1? 24/12 W/1? 31/1? Z/1 VI VI KMT(SINGAPORE 517S U/12 "21/12 22/12 V/Uli/U ~W HT PtOGKSS IOtS |W/12| 31/12 VI 7/1 9/1 11/111/1 KMTC JAKAKTA SI7S H/» 2S/12 21/12 "vT 7/1
      961 words
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      Lock icon Page 25 Advertisements Column 3
      614 25 |<®> WEEKLY EXPRESS SAIUNG SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS rasa Ivor Ism I pjqanclcoumoo 1i skva I couxmo BFimi i»R m =ffi= unmm lioww MDK 27 DK 31DK MiUI M JAM IQIAPHIAM* TIHOW 021 AM 03JAM 07JAM IOiAW I3MM MWtmi 004W WJAM 10JAN M
      614 words
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      7178 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Niaabar Number SIN Desfn Name Name Number Numb if 27/01 09/03 WWl TAJKO AF604 *****033 To ABIDJAN (ABJ) 2003 Cote D'lvoire To BANGKOK (BKK) 2038 Thailand 22/12 24/01
      7,178 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      671 26 VlSStl VOY SIN PCU VESSEL YOT SIN JKT PAC BANDA 1625N 18/12 19/12 PACHHWN 9329 17/12 ~207i2 Of 2301 0214P 19/12 21/12 P»CMU 4197 19/12 22/12 PAC BANDA 1626N 20/12 20/12 PAC BINTAN 9330 24/12 27/12 PAC BANDA 1627N 21/12 22/12 PACBAU 1111 ?*Zli W/12 CSF 2301 0215P 22/12 23/12
      671 words
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      Lock icon Page 26 Advertisements Column 2
      886 26 WAN HAJ NTHNATIONAL PTE LTD at NO: ltttsttoooo/l I %rrrA lima lIAI .tip* HL*****511 (14UNES) FAX:*****163 V\Vl iWAN HAI LINEs Y 11V inll I I'll naI&:mXMUOMRULnXM2BMrat OL |M)J2M4OCNUL|O4J2?*»»4 V JOH IB: 107)*****23 ML (07)*****21 5M HL 1031) *****75 HU: 1031) *****14/ *****05 m*ini)ns««nutwiiswmw*mm/row »ww.w—.imi| »M;MI)4IS7O»IHUL|M'|4I>ara/414?W I'vßsa Iwtlrw I m rou
      886 words
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      Lock icon Page 26 Advertisements Column 3
      363 26 BSA jl o MYANMA n FIVE STAR UNE VKtfmmm National Um) Loodiog far Ywgii VESSQ VOT SM PU PEN PGU PAGAN 34SW SIO PAGAN 349W SUI HI MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL/PKL: Q3-340SA3M PEN: M-2U3115 ACCEPTIWB COWVEiTIQiAL C6O VESSE VOT MB SM PR KM Mi MU SMt TWI UONNMT 141
      363 words
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  • BizIT
    • Article, Illustration
      Lock icon Region's firms ready for grid computing
      842 28  -  New technology offers competitive advantage, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY COMPANIES in South-east Asia, including those from Singapore, are among the top in the world in adopting the latest cutting edge technology called grid computing. In a study which ranks countries and
      842 words
    • Article, Illustration
      Lock icon NCS wins $45m Mindef contract
      418 28  -  Five-year contract is to manage the MIW web portal By ROLAND LIM REGIONAL IT solutions provider NCS Pte Ltd has won a $45 million five-year contract from the Ministry of Defence (Mindef) to manage the ministry's My Internet World (MIW) web portal. The MIW portal
      418 words
    • Article, Illustration
      Lock icon Microsoft, MCI to offer Internet-based phone calls
      480 28 Computer users can make US calls at 2.3 cents a minute Bloomberg [SAN FRANCISCO] Microsoft Corp and MCI Inc will let computer users make calls to regular telephones, stepping up competition with Yahoo! Inc and Skype Technologies SA. Windows Live Call was made
      Bloomberg; AP  -  480 words
    • Article
      Lock icon Mainframe alliance sets up Asia-Pac HQ in Singapore
      253 28  -  By LEE KIM SIANG A MICROSOFT-BASED grouping that helps mainframe clients overcome the challenges of owning and maintaining legacy application environments has chosen Singapore as the headquarters of its newly launched Asia-Pacific arm. The grouping, Mainframe Migration Alliance (MMA), counts Accenture. Fujitsu,
      253 words
    • Article
      Lock icon Intel says new laptop chip faster, and uses less power
      358 28 Reuters [SAN FRANCISCO] Intel Corp said on Tuesday its next-generation platform for laptop computers will use 25 per cent less power while boosting performance, helping it stay on top of the fast-growing market. The overhaul of Intel's Centrino technology, codenamed
      Reuters  -  358 words
    • Article
      Lock icon Microsoft warns of 'critical' Windows security flaw
      270 28 Reuters [SAN FRANCISCO] Microsoft Corp on Tuesday warned users of its Windows operating system of a "critical" security flaw in its software that could allow attackers to take complete control of a computer. The world's largest software maker issued a patch to fix
      Reuters  -  270 words
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  • PROPERTY
    • Article, Illustration
      Lock icon German property market looking up
      294 29  -  DTZ executive sees new round of secondary buy-outs over next 2 years By ARTHUR SIM GERMANY'S real estate market has been languishing for several years but the time could be right for investors to move in. DTZ Research director (international investments) Timo Tschlammer says: "Over
      AFP  -  294 words
    • Article
      Lock icon CapitaLand, SHK win Orchard Turn site
      249 29 AS expected, the Urban Redevelopment Authority yesterday awarded the prime Orchard Turn site to the top bidder—a joint venture between Capita Land Retail and Hong Kong's Sun Hung Kai (SHK) Properties. The duo placed the top bid of $1.38 billion or $1,020 per square
      249 words
    • Article
      Lock icon Househunt
      1394 29 PROPFRTYTRANSACTIONS BFTWFFN DFC BAND DFf 11 700S PROJECT NAME/ PROP CONTRACT TENURE BtllU-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (S$'000) (S$) District 1 NON-LANDED People's Park Cplx Apt 17/11/2005 99 1119 270 241 The Sail At Marina Bay Apt 09/11/2005 99 893 775 868 The Sail At
      1,394 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      24 29 FOR SALE Exclusive East Coast Site ear Beach/City/Airport Land *****m/Freehold 2*SI«IE 11 Apartments-one per fir kS, Plot ratio I Potential GFA OF n^U^CS *****700
      24 words
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      Lock icon Page 29 Advertisements Column 2
      312 29 UNIQUE DEVELOPMENT SITE ALONG NAPIER ROAD FOR SALE BY TENDER N r Prestigious address along ■,aE.'\\«>~. Napier Road, offTanglin s=l Road S3T Freehold Plot Ratio 1.6 1 5? Approximately 70,81 Osq ft SxggT I "(St J J Next to Botanic Gardens Ideal for luxury condominium Mn) y. i Vjww '—gg
      312 words
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      Lock icon Page 29 Advertisements Column 3
      33 29 els Sallmanns Asia Wide Corporate Valuation Consultancy Our Core Business: Plant Machinery Valuations Business Valuations Real Estate Valuations For more information, please contact Ms Queenin Li at 6333 4003 or email to qligsallmanns.com
      33 words
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  • BEAUTIFUL HOMES
    • Article
      Lock icon Character trumps renewal
      589 30  -  Drastic changes not allowed in certain landed estates, reports ARTHUR SIM ARTHUR SIM IN 10 years, things have not changed too much, which is a relief to many. A decade ago, the Urban Redevelopment Authority (URA) carried out a study of all existing landed housing estates and
      589 words
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      Lock icon Katong charms with its kampong flavour
      587 30  -  FEATURE HOME OF THE WEEK By ARTHUR SIM SINGAPORE does not have a "countryside" but there are some neighbourhoods that still have a bit of "kampong charm" about them. Katong, in the East Coast, is one such neighbourhood. The combination of landed housing estates
      587 words
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      Lock icon Page 30 Advertisements Column 1
      171 30 Beautiful Homes A series brought to you by HSBC<X> The home loan you more than one reason Now when you your new home or your one you a your come other as feature no HSimHil <t early redemption, high legal fee subsidy and 24-hour Emergency Home K" v Assistance service.
      171 words