The Business Times, 11 January 2006

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Microfilm: NL26567
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg mica (P) 089/03/2005 Wednesday, January 11,2006
    17 words
  • Article, Illustration
    Lock icon OCBC to buy 12.2% stake in China bank
    534 1  -  In 570 m yuan deal, OCBC will become second-largest shareholder in Ningbo Commercial Bank By LESLIE YEE [SINGAPORE] In a widely anticipated move, OCBC said yesterday it has agreed to buy a 12.2 per cent stake in China's (NCB) for 570 million
    534 words
  • Article
    Lock icon More R&D to boost S'pore as regional water technology hub
    665 1  -  Developing region spells big potential for local industry By CHEN HUIFEN [SINGAPORE] The National Research Foundation (NRF) plans to increase research and development in water technology, an industry in which Singapore has established itself as a regional leader. With 10
    665 words
  • Article
    Lock icon MARKETS DIGEST
    115 1 MARKETS Tuesday Change KLSECOMP Closed NIKKEI 225 16,124.35 -303.86 HANG SENG 15,569.91 +22.48 SET INDEX 759.32 -2.iM JAKARTA COMP Closed MANILA COMP 2.162.43 +11.28 SEOUL COMP 1,396.29 -12.04 SHENZHENB 223.18 +3.69 MUMBAIIND 9,445.30 -138.15 At 11 am EST Change DOW 10,975.18 -36,72 NASDAQ 2,***** -9.43 PRIME RATES SINGAPORE
    115 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon 43% of Walk-in-Selection flats sold in 6 weeks
      626 2  -  By ARTHUR SIM [SINGAPORE] Just six weeks into its latest Walk-in-Selection (WIS) exercise, the Housing and Development Board (HDB) has sold almost 43 per cent of the flats on offer. A total of 770 three, four and five-room flats were made available
      626 words
    • Article
      Lock icon Structured deposits require mid to long-term investment
      826 2  -  Bankers confident that they will still be popular with retail investors By LESLIE YEE [SINGAPORE] The picture for investors who put money into structured deposits is not a pretty one, looking at the latest valuations of such products. But bankers are quick to
      826 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      570 2 Preparing businesses for a terrorist strike IN his upbeat New Year's Day message, Prime Minister Lee Hsien Loong highlighted one major threat that could blot the rosy economic picture he painted for 2006. "Terrorism is one major threat to our stability and growth," he warned. Unlike most threats
      570 words
    • Article
      Lock icon Preparing businesses for a terrorist strike
      1313 3  -  NEWS ANALYSIS Terrorism hits without warning but it pays to be prepared By CHUANG PECK MING [SINGAPORE] In his upbeat New Year's Day message, Prime Minister Lee Hsien Loong highlighted one major threat that could blot the rosy economic picture he painted for 2006.
      1,313 words
    • Article, Illustration
      Lock icon Living with the 'terrorism premium'
      695 3  -  COMMENTARY By WONG WEI KONG IN THE aftermath of the Sept 11, 2001 terrorist attacks in New York and Washington, market strategists talked about a "terrorism premium". Fears of more attacks on the same scale led investors to demand a higher rate of return on
      YEN MENG JIIN  -  695 words
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      187 2 WAREHOUSE V WH SPACE WITHIN FREE TRADE ZONE 2 storey ramp-up warehouse with Direct vehicular ramp access for up to 40-ft container For viewing or more Private loading bays with dock levelers information, contact our 16,800 to 142,000 sqft Sole Marketing Agent: •8m ceiling height Pamela 9818 8186 or Immediate
      187 words
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      84 3 d BRmSH AIRWAYS Terms and Conditions: *Book now, offer ends 2 February 2006. Payment must be made within 5 days of booking but no later than 2 February 2006. Travel between 22 January and 30 June 2006. Flights are return economy ex-Singapore on selected British Airways and Qantas flights. Not
      84 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Asti to take over shareholder Flextech
      464 4  -  Payment for purchase to be made via a 1-for-1 issue of Asti shares By VEN SREENIVASAN ELECTRONIC components maker Flextech Holdings, whose shares surged 50 per cent in the past week to a four-month high of 29.5 cents on Monday, is set to be
      Source: Bloomberg  -  464 words
    • Article
      Lock icon Likelier now that ST Aero mill go far SIAEC
      632 4  -  HOCK LOCK SIEW By VEN SREENIVASAN K N THE surface, it m looks complementa- I ry. There is no rea-.-.w son for us not to take a serious look if the opportunity arises." This remark by ST Engineering's president and chief
      632 words
    • Article, Illustration
      Lock icon Ho Bee's first-mover advantage
      1160 6  -  CORPORATE ANALYSIS The developer's focus on the luxury residential sector is paying off as its net profit soared 155 per cent to $31.3 million if for the nine months ended Sept 30,2005. KALPANA RASHIWALA reports KALPANA RASHIWALA HO BEE Investments has probably one of the highest
      FILE PHOTO  -  1,160 words
    • Article
      Lock icon HK Land stake in MCL tops 50%
      279 6 Bloomberg HONGKONG Land Holdings Ltd, one of the city's biggest downtown landlords, has increased its interest in Singapore developer MCL Land Ltd to more than 50 per cent, it said in a statement. Hongkong Land, which in December offered to pay $1.75 per
      Bloomberg  -  279 words
    • Article
      Lock icon Asia-Pac M&A,equity, debt issues hit records
      579 9  -  M&A volume surges 19% to USs249b; China emerges as top target country By VEN SREENIVASAN IN assign that the Asia-Pa-cific region has re-emerged as a hot spot for deals, mergers and acquisitions (M&A), equity capital market (ECM) and debt capital market (DCM) volumes all
      579 words
    • Article
      Lock icon Thai Beverage urged to rethink S'pore listing
      334 9 [BANGKOK] Thai Beverage pic should reconsider its plans to pursue a stock listing on the Singapore Stock Exchange for Thailand's national interest, the Bangkok Post reported Stock Exchange of Thailand president Kittiratt Na Ranong as saying. The newspaper quoted Mr Kittiratt as saying
      334 words
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      922 4 SWING MEDIA TECHNOLOGY GROUP LIMITED NOTICE EXPIRY OF W*****3 WARRANTS To: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW SHARES IN SWING MEDIA TECHNOLOGY GROUP LIMITED (the "Company") THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take,
      922 words
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      29 4 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. H flf In other words, B jgt news you can use. wtt Jaw
      29 words
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      242 5 I I j|MM| 9 H jk jwgSEL I▲l I I li b B I ■i m m m fill jmmgjggßk h I fcISSL^ $Piplt; ml jH r■ fSplPp' >CTp^!': T CSSBQS JH' ■Wr PH mk' '?S^K 1 t'~''**W 'ismretal wfrwm*. 'w/^ ■.->;■ W ri^w&flaii^^MfeqP^'-" I I Is\ s r 1H
      242 words
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      653 6 yf? y* -vr. 4 fc Fidelity INT2HHATIOHAL WW'- <>V §8 %j» KHpIA&W* 'V'-v/,I 35&Cgj«^* 'i Established over 40 years ago, Fidelity International Limited manages in excess of US$2OO billion on behalf of major institutions and private investors. Our success in understanding investor requirements and the delivery of superior product is
      653 words
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      116 7 <i£*»«s* J .->s%y**Z!T A n *MH§gj J a **5 c, ■b 1 It's our clients who put us on top There's only one thing that can match Citigroup's breadth and quality of corporate and investment banking services, and that's the world-class endorsements Citigroup receives year after year. We win them
      116 words
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      1225 8 PRE-CONDITIONAL VOLUNTARY OFFER By UOB ASIA LIMIT€D UOB ASIA LIMITED (Company Registration No. *****1862K) (Incorporated in the Republic of Singapore) for and on behalf of /fori ASTI HOLDINGS LIMITED (Company Registration N0.*****1514C) (Incorporated in the Republic of Singapore) For FLEXTECH HOLDINGS LIMITED (Company Registration No. *****6761 C) (Incorporated in the
      1,225 words
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      Lock icon Page 8 Advertisements Column 2
      1588 8 The Whitewash Waiver was granted by the SIC on 5 January 2006, subject to the conditions set out in the SlC's letter of the same date (including the requirement that independent financial advice be provided to ASTI Shareholders). Details of the Whitewash Waiver, as well as such independent financial advice,
      1,588 words
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      Lock icon Page 8 Advertisements Column 3
      1228 8 customers available to each of the Offeror and FHL. This would enable each of the Offeror and FHL to reach and penetrate a wider market. The Enlarged Group will also enjoy and command a larger regional footprint and be able to expand its existing income source. 6.3 Broader Range of
      1,228 words
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      988 8 9.1.2 Dealings in FHL Securities In the 3 months preceding the date of this Announcement, the Relevant Persons have not dealt in FHL Securities. 9.2 ASTI Securities 9.2.1 Holdings in ASTI Securities r As at the date of this Announcement, the holdings in ASTI Shares and options of the Relevant
      988 words
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      17 9 SCORE CARD Keep your investors informed by advertising Call 1800 289 8622 or email noticestsph.com.sg. ''hi*""" i
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      174 9 Hr I f jm j|H J| Br jS r f*' iff I HHHRH HHIPP I I I *OV* UK I H m I A a At ÜBS Wealth Management, we know that financial success comes to those who plan for it. So we make sure we understand your entire wealth
      174 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Angullia Mansion up for collective sale again
      410 10 Owners said to be asking for $108 m, slightly more than the top bid in 1999 ANGULLIA Mansion, a stone's throw from Orchard MRT Station, is back on the collective sale market and this time the owners are said to be asking for
      410 words
    • Article, Illustration
      Lock icon Food&HotelAsia returns in April with more exhibitors
      236 10 FOOD&HOTELASIA2OO6 (FHA2006), the biennial mega-event for the food and hospitality industry, returns for the 15th time with an even stronger line-up of products and services. FHA2006 which will occupy halls 1 to 6 at the Singapore Expo —promises an even wider international spread
      FILE PHOTO  -  236 words
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      1788 10 NOTICES Toll free: 1800-289-8822 Email I CmSos CEREBOS PACIFIC UMfTED (Incorporated in Singapore) (Registration No: *****4186H) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Twenty-Fourth Annwaf General Meeting of the Company will be held at Grand Copthorne Waterfront Hotel, Level 3, Galleria Ballroom, 392 Havelock Road, Singapore
      1,788 words
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      1213 10 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg WAT^ notices >AT3 NOTICES Toll free 1800-289-8822 Email, notices^'sph.com.sg ©0® SEMBAWANG MUMC HOLOOO* LIMITED (Registration No. *****3817G) NOTICE OF THE SECOND ANNUAL GENERAL MEETING NOTICf W HEREBY GIVEN tattoo
      1,213 words
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  • ECONOMY WATCH
    • Article
      Lock icon Signs show Beijing losing confidence in US dollar
      693 11 China to buy fewer Treasury bills, more assets that trade in other currencies LAT-WP [SHANGHAI] As China's industrial juggernaut has flooded foreign ports with cheap factory-made goods in recent years, its central bank coffers have filled with the bounty flowing back to
      LAT-WP  -  693 words
    • Article, Illustration
      Lock icon Central bankers upbeat on global growth in 2006
      373 11 AFP [BASEL, Switzerland] The world's top central bankers concluded on Monday that "dynamic" growth in the world economy is set to continue in 2006 and may even gain pace, European Central Bank (ECB) chief Jean-Claude Trichet said. Mr Trichet, who had led
      AFP  -  373 words
    • Article
      Lock icon China unlikely to sell current US dollar assets: central bank
      307 11 Reuters [BEIJING] China will not sell its current US dollar assets as part of a move to diversify foreign reserves, a senior central banker said yesterday, rejecting speculation in the media and markets. The media last week had wrongly interpreted
      Reuters  -  307 words
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      67 11 m ;JgHre iMpiy§l t •,«■>. >v Tjr "A m*m ••'"V;' »A. W* '■'•/> r B£i|h I h Is ||jR£ pjjj .gggjjl Our global vision and in-depth Asian insights enable us to deliver tailored financial solutions to meet your needs. So wherever you are in the world, take flight with Credit
      67 words
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  • MALAYSIA/INDONESIA
    • BRIEFLY ASIA
      • Article
        Lock icon Telekom M'sia to sell bonds in Indonesia
        79 12 Reuters [KUALA LUMPUR] State-controlled Telekom Malaysia Bhd said on Monday that its Indonesian unit plans to raise US$25O million by selling fixed-rate bonds that will help finance its expansion in the world's fourth-most populous nation. PT Excelcomindo Pratama, a 57 per cent-owned unit
        Reuters  -  79 words
      • Article
        Lock icon Delhi expects Rs100b 'special dividend'
        67 12 Bloomberg [NEW DELHI] India expects to receive as much as 100 billion rupees (553.7 billion) as a "special dividend" from 16 state-run companies in the year to March 31, said a finance ministry official, who didn't want to be identified. These are 16 state-run companies
        Bloomberg  -  67 words
      • Article
        Lock icon India, China to sign energy agreement
        47 12 AP [NEW DELHI] India and China, competing worldwide in their search for oil and gas reserves, will jointly bid for, explore and produce energy under an agreement to be signed this week, Indian Petroleum Minister Mani Shankar Aiyar said here yesterday.
        AP  -  47 words
    • Article, Illustration
      Lock icon MAS seen discussing sale of properties
      445 12 Board could decide on sale of some assets at meeting later this month [KUALA LUMPUR] Malaysian Airline System Bhd (MAS) is expected to discuss the properties it plans to sell when the national airline holds its board meeting at the end of the month,
      BLOOMBERG  -  445 words
    • Article
      Lock icon German sub-contractor for KL tunnel terminated
      351 12 Wayss Freytag Asia incurred cost overrun: sources [KUALA LUMPUR] A German sub-contractor working on a portion of the massive RM2 billion (SsB72 million) tunnel highway project in Kuala Lumpur has been terminated for failing to meet contract requirements, says Malaysia's Business Times. The main
      351 words
    • Article, Illustration
      Lock icon Industry welcomes extended payment period
      655 12 LUMPUR] Fund managers, brokers and industry experts believe Bursa Malaysia's announcement on Dec 23 last year that it would allow a longer timeframe for payment for share purchases will have a positive impact on stock market liquidity and transaction volume in the longer term, reports
      AP  -  655 words
    • Article
      Lock icon LRT owner seeks to raise RM1b
      235 12 [KUALA LUMPUR] Syarikat Prasarana Negara Bhd (SPNB), owner and operator of the city's two light rail transit (LRT) systems, plans to raise some RMI billion (***** million) from the sale of bonds, bankers familiar with the plan said, according to Malaysia's Business Times. The
      235 words
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      303 12 ;3fejEr<a siß'-' b>. mw&isv I r'^rrfflirr''' IrmioH' -^'V^ j. ''>J. y wjf#am;v I "/ANA and*,. FREE I ErajSjijnn one-way upgrade on your p ■oK^^^Brafl Ffy ANA Business or nexttriD j ISt Prize I I One Putt tickct Economy Class from HI I «9|^H I class round trip or two I
      303 words
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  • GREATER CHINA
    • Article
      Lock icon HK's Lee Shau Kee to float USs$500m Reit
      503 13 HK 's Lee Shau Kee to float USs$500m Reit Buildings in portfolio of Henderson Land will not be included in Reit: sources Reuters [HONG KONG] Tycoon Lee Shau Kee, who controls Hong Kong's Henderson Land Group, is jumping on a property trust bandwagon in the city by floating a trust
      Reuters  -  503 words
    • Article, Illustration
      Lock icon GONE TO THE DOG
      62 13 AFP [TAIPEI] Local performers posing with a paper lantern shaped as a dog during a press conference here last Friday to mark the approaching Year of the Dog in the Chinese calender. Hundreds of paper lanterns from China's Yangzhou andSuzhou will be displayed at Fo Guang
      AFP  -  62 words
    • Article, Illustration
      Lock icon CNOOC shares jump 3.7% on Nigeria oil deal
      494 13 Reuters [HONG KONG] Shares in China's top offshore oil and gas producer, CNOOC Ltd, leapt 3.7 per cent yesterday as investors cheered the acquisitive firm's planned US$2.3 billion purchase of a stake in a Nigerian field. Analysts said the company's largest-ever overseas
      Reuters; Source: Bloomberg  -  494 words
    • Article
      Lock icon China Minsheng may list in HK in Q2
      191 13 AFP [BEUING] China Minsheng Banking Corp, the country's first privately established lender in which Singapore investment company Temasek Holdings has a stake, may list in Hong Kong as early as the second quarter of 2006, state press reported yesterday. The bank's window
      AFP  -  191 words
    • Article
      Lock icon Richard Li in talks to buy HK Economic Journal
      507 13 Deal could cost up to HK$250m, says shareholder Bloomberg [HONG KONGI Richard Li, whose PCCW Ltd runs an Internet-based pay television system, is in talks to buy the Hong Kong Economic Journal for between HK$2OO million and HK$25O million (Ss42-52.7 million),
      Bloomberg  -  507 words
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  • INDIA
    • Article
      Lock icon State Bank, rivals likely to post higher Q3 profits
      459 14 Bloom berg, Reuters Reuters [MUMBAII State Bank of India, the country's largest lender, and its rivals may post higher third-quarter profit as record economic growth and borrowing costs near 30-year lows extend a consumer credit boom. State Bank's net income probably
      Bloom berg, Reuters; Reuters  -  459 words
    • Article
      Lock icon Indian software firms expect robust quarterly earnings
      633 14 EARNINGS OUTLOOK Big projects to be awarded, largescale hiring signs of strong growth Reuters [BANGALORE] India's booming software firms are set to report robust quarterly earnings as outsourcing of technology services shifts up a gear from piecemeal contracting to long-term partnerships. A Reuters
      Reuters  -  633 words
    • Article, Illustration
      Lock icon ICICI banks on Shah Rukh Khan's appeal
      251 14 He'll endorse Indian bank's products Bloomberg [MUMBAI] ICICI Bank Ltd, in which Singapore investment agency Temasek Holdings has a stake, has signed Shah Rukh Khan, one of India's most popular movie stars, to endorse its products and services as it seeks to cement
      Bloomberg; PHOTO: MAGNA  -  251 words
    • Article
      Lock icon Oracle to expand operations in India
      209 14 AP {BOMBAY] US business software maker Oracle Corp intends to hire 1,400 people in India as part of its plans to expand its operations to nine cities in the South Asian nation, a company executive said yesterday. Oracle has about 8,600 employees in India
      AP  -  209 words
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      36 14 I 111 W\ > I mm v■ I"■ 111# J4 T iild 11 1 r KHfiV I• I S 1111 H 3 > J j kv ITi 7 ,4 fK ggg Jlm Im mw fiPM IZiiIiJIJIIMXUSMM SE- I
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      568 14 N O I ICI l S In the matter of The Companies Act, Cap. 50 And In the matter of BALESDER LIGHTING PTE LTD (Company No. *****6388Z) (In Creditors' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the aborenamed Company, duly convened and held at 336 Smith
      568 words
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      939 14 00 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KANAME SINGAPORE PTE LTD (Co. Reg No: *****8197 M) (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the Company convened and held at No 1 Jolan Kilang
      939 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon HOMECOMING
      261 15 Round-the-World Yacht Race Leg 4, Race 5, Day 9 THE isobars look like a contour map of the Arizona Salt Flats, which means there is more wind generated in the saloon after a good feed of baked beans than there is going into our sails. There are bonuses though,
      261 words
    • Article
      Lock icon More Thai rate hikes in the works: official
      469 15 Central bank remains intent on keeping inflation, seen peaking in Q1, at bay Bloomberg [BANGKOK] Thailand's central bank plans to further raise its benchmark interest rate to keep inflation in check, deputy governor Bandid Nijathaworn said yesterday. Thai bonds had the biggest
      Bloomberg  -  469 words
    • Article
      Lock icon Wholesale inventories up in Nov
      195 15 LATEST US DATA Bloomberg [WASHINGTON] Inventories at US' wholesalers rose 0.4 per cent in November as companies accelerated their restocking efforts after hurricane-related supply disruptions. The gain followed a 0.2 per cent rise in October, the Commerce Department said yesterday in Washington. Sales dropped 0.7
      Bloomberg  -  195 words
    • Article
      Lock icon HSBC putting flu contingency plans in place
      275 15 AP [LONDON] British bank HSBC is making plans to operate with as much as half its staff off work in the event of a flu pandemic, the Financial Times newspaper reported yesterday. The paper quoted the bank's head of group crisis management, Bob
      AP  -  275 words
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      28 15 Begin your own tradition. Jpr v mm 'v- J& <«*»»*«* ,gf tHjH^ Wm tfuKßjdL JSL zJSBr Jpr w ,>-;#. >d|i >** M&P Hfek *"%&Ji &.<?'"'*&^7%SB£s&rllfy if Wft g p- v vhHHIP'
      28 words
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      117 15 Globalise Your Brands Protection Of Intellectual Property Rights is our Business TRADEMARK name, words, brand, logo, figure, device, picture, slogan or any sign distinguishing your goods or services from that of your competitors indicating quality and acts as a badge of origin. Protection of these rights gives you a commercial
      117 words
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  • WORLD
    • Article
      Lock icon Texas Instruments sells unit to Bain
      497 16 US$3b deal lets it shed sensors business to focus on chips Reuters [NEW YORK] Texas Instruments Inc is selling its sensors find controls business to private-equity firm Bain Capital for US$3 billion in cash. Texas Instruments wants to focus on chips for mobile phones
      Reuters  -  497 words
    • Article
      Lock icon Hedge fund activist makes comeback
      531 16 Reuters [NEW YORK] Hedge fund activist Bob Chapman, the bane of some underperforming corporate executives, is preparing for war and has already targeted at least one company for "regime change". The former Goldman Sachs trader this month opened his doors after a hiatus and is
      Reuters  -  531 words
    • Article, Illustration
      Lock icon Shell faces lawsuit by 26 pension funds
      521 16 Bloomberg [AMSTERDAM] Twenty-six pension funds have sued Royal Dutch Shell pic over the company's restatement of its oil reserves between 199? and 2003. Stichting Pensioenfonds ABP, Europe's biggest retirement plan, is among the plaintiffs and is seeking about US$l5O million in damages, a
      Bloomberg; BLOOMBERG FILE PHOTO  -  521 words
    • Article
      Lock icon Female staff file US$1.4b suit against German investment bank
      390 16 AP, Bloomberg [NEW YORK] Current and former female employees of Dresdner Kleinwort Wasserstein Securities have filed a US$l.4 billion lawsuit, saying that the German investment bank discriminates against women, preventing advancement and fair treatment. The lawsuit filed on Monday in the
      AP,; Bloomberg  -  390 words
    • Article
      Lock icon American workers face pension freezes
      616 16 Companies switch from pension plan to 401 (k) programme NYT [NEW YORK] The death knell for the traditional company pension in the US has been tolling for some time now. Companies in ailing industries like steel, airlines and car parts have thrown themselves into bankruptcy
      NYT  -  616 words
  • Page 16 Advertisements
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      44 16 1 129 Years i Over 400 locations Worldwldea y I Call Berlitz today 6733-7472 or visit www.berlltz.com pj 501 Orchard Road *05-03/04 Wheelock Place Singapore *****0 j !3ic mmcmvmi L— M —J Lianhe Zaobao I I I I I hSWcS I I M&atMinUHM I
      44 words
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      205 17 f V J P x Chio Lim Stone Forest on joining A RSM International, N r tr the world's 6th largest accounting consulting organisation. < i f7' •>" U i >/ We are pleased to welcome Chio Lim Stone Forest ("CLSF") to RSM International. Clients of CLSF will be able
      205 words
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  • FOCUS: SOFTWARE RIVALRY
    • Article, Illustration
      Lock icon Indian software firms' double-edged sword
      1611 18 They don't want to miss out on the China market but they risk losing their competitive edge by training rivals Bloomberg [BANGALORE] A YEAR AGO, Ding Defen had never heard of Infosys Technologies, India's second-larg-est seller of computer services. Today, the budding software engineer from
      Bloomberg; BLOOMBERG  -  1,611 words
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      117 words
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      49 words
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      28 18 i Cafe de Amigo /jUjjCTy Specialists' Shopping Centre #02-38, Tel: 6835 0238 fit J|f 1-for-1 Set Dinner. T&C Apply. Only when you charge to your Diners Club Card
      28 words
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      Lock icon Page 18 Advertisements Column 4
      62 18 CHARTING DIRECTIONS I W;/* V fcf* A Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. mxr& NOTICES V (7 f Jerry's Barbeque Grill Tanglin Shopping Centre #01-01, Tel: 6235 1720 ■ImH 20% off d la carte dishes. T&C Apply. B»rb«qu« i QrtH
      62 words
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  • AVIATION
    • Article, Illustration
      Lock icon Airbus plans new range of lightweight aircraft
      381 19 Move highlights importance of fuel efficiency in aircraft design AFP [PARIS] European aircraft maker Airbus plans to launch a new generation of planes built with light, composite materials to help increase fuel efficiency, a senior company executive said on Monday. Noel Forgeard, co-chief
      AFP; BLOOMBERG  -  381 words
    • Article
      Lock icon Business conditions will worsen this year: Qantas
      375 19 Bloomberg [BEIJING] Qantas Airways Ltd, Australia's biggest carrier, said business conditions will worsen this year because the cost of jet fuel is higher than a year ago. The business environment for the aviation industry this year will be "very, very tough", John Borghetti,
      Bloomberg  -  375 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      943 19 CtTY FU6MT ETA FUfcHT FTP I| j| M "liilUI mb ig m landung MZ900 TTJO M2901 1245 tangaloro IC957 0700 IC958 0750 Bangkok ~~j" j Jj Um"* i Cap* Town SQ480 0130 1910 H !i SISS %5 S£ Chiang Mai jjfc Chicago UA895 2355 UA896 0645
      943 words
    • LOGBOOK
      • Article
        Lock icon BA relaunches regional unit
        64 19 Reuters [LONDON] British Airways said yesterday it was relaunching its CitiExpress subsidiary aimed at competing with the low-cost sector. The business, to be renamed BA Connect, offers services between regional airports in Britain, including London's City Airport, and destinations in Britain and Europe. BA Connect would
        Reuters  -  64 words
      • Article
        Lock icon Beijing to build airport-city train
        83 19 AFP {BEIJING] Work on a train linking Beijing's airport and the city centre will begin this month and be ready in time forthe 2008 Olympics, the government said on Monday. The 27.3-kilometre train journey will take 16 minutes, the Beijing Municipal Commission of Reform and
        AFP  -  83 words
      • Article
        Lock icon HACTL handles record cargo volume
        57 19 Reuters [HONG KONG] Hong Kong's main air cargo terminal handled 7.5 per cent more cargo in 2005 than in the previous year, achieving a new yearly tonnage record. Hong Kong Air Cargo Terminals Ltd (HACTL), handled a record 2.43 million tonnes of cargo in 2005,
        Reuters  -  57 words
    • Article
      Lock icon EU court rules airlines must pay for delays
      355 19 AP [BRUSSELS] European airlines yesterday lost a legal bid that aimed to strike down new EU rules guaranteeing passengers compensation for flight delays or cancellations. The European Court of First Instance said the rules were a fair penalty that didn't discriminate against
      AP  -  355 words
    • Article
      Lock icon New influx of 'puffer machines' atUS airports
      181 19 AP [WASHINGTON] The busiest airports in the United States about 40 of them will have bomb-detec-tion Equipment known as "puffer machines" installed by spring, the Transportation Security Administration (TSA) said on Monday. There are now 24 airports with the walkthrough machines, which puff
      AP  -  181 words
    • Article, Illustration
      Lock icon UAL announces launch of US$3b loan syndication
      273 19 Reuters [CHICAGO] United Airlines Inc's parent company UAL Corp said on Monday that it has begun marketing a US$3 billion loan to help it operate after it emerges from bankruptcy protection next month. The loan, to be secured by substantially all of the
      Reuters; BLOOMBERG FILE PHOTO  -  273 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      182 19 CRYPTIC CROSSWORD procedures (10) DOWN the way (8,6) YESTERDAY'S SOLUTION 1 Earth covers vessel to shut off 15 upsetting the mer- Across: 1 Composed, 9 Evacuate, liaht (f>) rymaker (9) 10 Tsar, 11 Ambidextrous, 13 Les- r♦,♦ |L /a\ 16 Point tourist to see exotic break, 15 Suffer, 16 Cell,
      182 words
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  • SHIPPING
    • Article
      Lock icon PSA, Hutchison eyeing Indon port project: reports
      450 20  -  Bojonegara International Port may become leading gateway By DONALD URQUHART [SINGAPORE] Indonesia's 6.5 trillion rupiah (Ssl.l billion) Bojonegara container port could be back on track to being the country's foremost container port, after PSA International and Hutchison Port Holdings (HPH) both expressed interest
      450 words
    • Article
      Lock icon Xiamen Int'l IPO swells by 15% to meet demand
      245 20 Bloomberg [HONG KONG] Xiamen International Port Co, which manages China's seventh-busiest container port, has raised the size of its Dec 19 initial public offer (IPO) by 15 per cent to HK$l.36 billion (Ss2B7 million) to meet investor demand. The company sold
      Bloomberg  -  245 words
    • Article, Illustration
      Lock icon Mitsui sees rosy future for ocean shipping
      594 20  -  Morcopportunities with expanding worldwide trade By GEORGE JOSEPH [SINGAPORE] Continuing globalisation and expanding worldwide trade will create tremendous opportunities for long-term growth of ocean shipping, according to the head of one of the world's oldest shipping companies. Akimitsu Ashida, president of Japan's Mitsui
      FILE PHOTO  -  594 words
    • Article, Illustration
      Lock icon NY ferry pilot jailed for 18 mths over fatal crash
      301 20 AFP [NEW YORK] The pilot who blacked out at the wheel of a New York ferry before it crashed, killing 11 passengers in 2003, was sentenced on Monday to 18 months in prison. Assistant Captain Richard Smith was in charge
      AFP  -  301 words
    • Article
      Lock icon TRANSPORT STOCKS
      290 20 SGX '000 Jan 9 SS Vol CH Offshore 0.38 unch 292 ChuanHup 0.41 0.01 2683 Cosco Corporation 2.37 0.04 2S52 CWT Distribution 0.80 -0.02 100 Ezra Hldgs 1.61 0.01 1092 Freight links 0 06 -0.01 149 Grand Banks Yacht 0.86 unch 0 Java Holdings 1.26 unch 235 K1
      290 words
    • Article
      Lock icon Lessons from the Bow Mariner
      841 20  -  STRAIT TALK By DAVID HUGHES THE challenges of running a ship register, as Singapore does very successfully, were underlined by an official investigation in the US and that came into the public domain last week. The 39,821dwt, Singapore-flag chemical tanker Bow Mariner sank in February
      841 words
  • Page 20 Advertisements
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      77 20 I s H 1 POWNERy International Ship Registries (ISR) provides fast efficient service for registration licensing of International Ship Classification (ISClass) is an \mt) independent organization providing classification iscia** s®rv'c®B for newbuildings existing vessels as well as statutory surveys certification on behalf j Recognised by most major Flag States, RSO6
      77 words
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      7 20 f www.apmartttnw.com I am I 1 —i
      7 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6123 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local am In SS la USS %dy yr dy yr *dy %yr Jan 9 Indtx Chang* Changa Changa Changa Changa Changa World Index Preliminary 995.9 0.1 16.8 -03 12.0 0.0 11-8 t EAfE Preliminaty 994.4 O.J 28.7 -0.4 16.6 -0.1 164 Europe
    6,123 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Build a whistle-blowing culture
      527 22 EDITORIAL SNITCHING and squealing have, in today's scandal-ridden corporate environment, gained a new respectability as a valuable tool of governance. But not enough, it seems, to warrant legislative backing in Singapore. Ever since Time magazine named Coleen Rowley, Cynthia Cooper and Sherron Watkins as its Persons
      527 words
    • Article, Illustration
      Lock icon China media clampdown may well boomerang
      757 22  -  THE BOTTOM LINE FRANK CHING CHINA this week revised upward its growth rate for 1979-2004 by an additional 0.2 of a percentage point to an average ef 9.6 per cent per year in accordance with the findings of its first national economic survey. But
      757 words
    • Article, Illustration
      Lock icon A perilous preoccupation with the Middle East
      1176 22  -  Ignoring real threats and problems elsewhere in the world is undermining US foreign policy LEON HADAR Washington Correspondent HOW does one explain the preoccupation of top Washington officials and leading American news broadcasting outlets and their pundits with the health of a person
      AFP  -  1,176 words
    • Article, Illustration
      Lock icon The plight of minority shareholders
      1849 23  -  Is there is adequate protection for the rights of minority shareholders in Singapore and are they equitably treated? By MAK YUEN TEEN Having proper regard to the rights of shareholders, including minority shareholders, and ensuring that minority shareholders are equitably treated, are considered fundamental to
      FILE PHOTO  -  1,849 words
    • Article, Illustration
      Lock icon Asian business lessons from Memoirs of a Geisha'
      941 23  -  WILLIAM PESEK JR Bloomberg ROGEREbertputitwell: "I suspect that the more you know about Japan and movies, the less you will enjoy Memoirs of a Geisha." So began the Chicago Sun Times critic's review of a film that's created more hard feelings than
      Bloomberg; COLUMBIA PICTURES  -  941 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      998 24 We offer fully containerised service I I I m m connectinq the world: giODaiiy dedicated America/South Africa-''Australia/New I I I A r Zeaiand Hawaii/Mexico/lntra-Asia I I jt For complete/specific schedule WE ARE MORE THAN JUST A LINER COMPANY information, please visit our Global Homepage: www.nykline.com rT; T TTf Visit our
      998 words
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      Lock icon Page 24 Advertisements Column 2
      471 24 YBsa/vor MBB hbowtoo wo km La sm «t STIMTS VBfTUK 01/04 IS 3.2 12/01 14/01 siuns vemiK 02/06 is 3.2 23/01 26/01 31/01 03/02 05/02 STMTS VBnUKOVOi IS 3.2 07/02 10/02 I I vissa/voY |mwm|HBGHT(«»)| ioiswiwi stp m mm ktiswilo SUUM/073 50 4i 11-11/12 20-21/12 01-01/01 034)3/01 05-05/01 07-07/01 11-11/01
      471 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      1619 25 WAN HAIMIRNAHONAL PR LID at NOc uttsnoooo/i ii.am mm mm TH:*****5«1 (HUMS) FAX:*****163 V\\llN WAm UA I I IMEC CwlmNr Sarvki/loahtap Direct Um (1100) *****200 V Nl llf Mil rIHI LlllLj PVL IB: 103) 334MM1 FAJk 03) JMSM RMIH: 104) 22*5100 FMt tOOBMWf V* JoHll:tV)SlMnMl!|t7|2stim SUR H: (D3l) *****75 FAX:
      1,619 words
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      Lock icon Page 25 Advertisements Column 2
      1184 25 vessel wr sif jkt Wkhh iwc kyh pus vessel voy V jkt sui hkg usn pus HY VLADIVOSTOK 170S 12/1 14/1 11/ l 21/1 23/1 2S/1 25/1 KMTC JAKARTA tOIS IS/1 11/1 If/I 24/4 2«/ l 20/1 HY rHOGttSS 107S 11/1 21/1 26/1 21/1 30/1 1/2 1/2 KMTC PUSAN MIS
      1,184 words
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      Lock icon Page 25 Advertisements Column 3
      814 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOT SIN I HUANGI COLOMBO N. SHEVA [aftOMO MB ilffl -MhIHDHA RAHDHI 01 DOW 73 JAM 24JAW JAW 30 JAW JUffl tAJIV GAKDHI QIQOW 30 JAW 31 JAN QUO ftifl Mtt KOTAPEBTAMA YPMO3I 06 FEB
      814 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      911 26 mNordana (Asia) Pte Lid SOSES' 70ShwrtwiWay, #21-03MorimH—so Stefyft 07fni NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES Alt AKKIVAi DATES [VESSEL VOY Shwin Fr«—rtfa Cfilthd ha* ftdooi blond Express lE6OI 06 Jon 16 Jan 25 Jon 2t Jon 03 Fib klond Express 1E602 04 fob 14
      911 words
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      Lock icon Page 26 Advertisements Column 2
      1124 26 vtssa yor sw pcu rasa vot jki PACMHOA 163H *****~ 2»/12~ PACMU Jig «fl>| IgMZZ cy 2301 5212 um n/n gg -SS— PACIANDA 1631N 27/12 27/12 "j"" iff ??ff rZvZ m /14 <M/i4 PAC MNTAN 9313 14/01 17/01 -«MoP 0213 S 2m- MIAU 4W IMI SS S/H sv|f PACKMAN W4
      1,124 words
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      Lock icon Page 26 Advertisements Column 3
      543 26 BSA x o MYANMA WBK FIVE STAR UNE (MyoMnar National Line) Loading for Yangoi vcssa voy sin pki pen pgu CNW SMWI HAW 90W SID PAGAN 349W SU IN MALAYSIA: OOUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****3 M PEN: 04-*****1S ACCEPTING CONVEMTIOIIAI C6O VESSB VOY MG SM PKL KH 1M lIU SOI
      543 words
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  • THE BUISNESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUISNESS TIMES SHIPPING GUIDE EXPORT
      5406 27 This ETA ETA AdvtrtiMr V«s.l Voyag. Titapho- ETA ETA A*«rtMr MhI Vjjjj. TjMm. SIN Daifn Name Nam* Number Number SIN Daifn Nam* Name (lumber 22/01 90/01 PTDjakarta KAMAKURA 022S *****203 To .ABIDJAN (ABJ) 2003 Cote D'lvoire 18/01 15/02 Mmas FLORA DELMAS 609W *****344 T{)
      5,406 words
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  • MOTORING
    • Article, Illustration
      Lock icon New Honda Civic targeted at Cat A upgraders
      510 28  -  Higher power, good consumption major draw for bigger 1.8-litre model By SAMUEL EE HONDA dealer Kah Motor says the new Civic is convincing a diehard group of Category A car owners to upgrade. These motorists driving cars with COEs obtained before May
      ARTHUR LEE  -  510 words
    • Article, Illustration
      Lock icon Fiat's promising re-entry
      521 28  -  By SAMUEL EE FIAT has made a surprisingly strong comeback to the Singapore market and hopes to continue the momentum with the launch of its top-of-the-line Croma model tomorrow. In June last year the Italian marque returned to Singapore after a four-year absence, with new distributor TTS
      521 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      129 28 1 ItHeBUSMESSTMS'^I.1I I m m I f, W Wjjjgglß 1 j StapporatopiSoulli Bjr r |IH Jfl ihmi fll\ SC iHHhH^HHI i 1 j r MB 4B Arm mi v /BBHK^^MBBBlMllM^fe^^^^^te «te> .pß|ttj| Hf^ jßHmj| -jifcii ®H J k.t. tis% I %i'M^^^M^B^^^^^BHß^^B"-^P^^^^Slfi™ißP 1 ill I ■■M| fif J I cj lil?^
      129 words
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  • executive Money.
    • Article, Illustration
      Lock icon Don't drop this BRIC
      1281 29  -  Funds that invest in Brazil, Russia, India and China could be just right for risk-takers, reports GENEVIEVE CUA GENEVIEVE CUA EMERGING market equities have delivered stellar triple digit returns in the past three years, but now fund managers are out to persuade you that the asset
      REUTERS  -  1,281 words
    • Article, Illustration
      Lock icon Happy new year
      258 29  -  By Chua Boon Lee, Standard Poor's Associate, Fund Services Asian equities ASIAN equities were off to a flying start in the first few tracfeig days of 2006 as international funds poured into the region on its positive oudook in the current yeai Interestingly a number of last
      258 words
    • Article
      Lock icon Absolute returns in favour this year
      821 29  -  Coupon-paying funds and capital protection also By GENEVIEVE CUA ABSOLUTE return funds may well be a key theme in the retail investment landscape |n 2006. Two out of a handfiil of impending fund launches aim to deliver an absolute return. Coupon-paying funds and capital
      821 words
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  • SPIRIT OF ADVENTURE
    • Article, Illustration
      Lock icon A love for all things marine
      1285 30  -  Neil Montefiore, CEO of MobileOne, describes himself as someone who was born and brought up by the sea. He talks to PARVATHI NAYAR about his underwater adventures PARVATHI NAYAR IT'S a nice twist when a life- long passion for diving begins in the desert
      1,285 words
    • Article
      Lock icon Land Rover Legendary Facts
      29 30 Climate control systems are tested in California's Death Valley with temperatures well above 40 degrees Celsius. So in Singapore, you'll always feel cool and composed.
      29 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      378 30 J i '''//•ItttUttN it ,1' V '> J U\.ri* i s 1 I I I E* i i «i» -r' ,7 1 *1 *i**i h f t I u 11 i i •< «r .4 i» I* 1 11 ri' )llt •II 111 l< I;. ItII II |i II li
      378 words
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      Lock icon Page 30 Advertisements Column 2
      21 30 GO BEYOND This weekly series profiling high-ftyiog executives who find adventure outside of work is brought to you by Land Rover
      21 words