The Business Times, 13 January 2006

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Total Pages: 31
1 32 The Business Times
  • 17 1 THE BUISNESS TIMES MICA (P) 089/03/2005 Friday, January 13,2006 SWSARORE 85 cenffi^ online at http://business-times.asia 1 .com.sg
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  • 962 1  -  Businesses laud ministerial panel's bold proposal to help such workers become self-sufficient By CHEN HUIFEN [SINGAPORE] The business community yesterday lauded the billion-dollar Workfare package recommended by a ministerial panel to help the most disadvantaged Singaporeans calling the bold move a world's first.
    962 words
  • 520 1  -  It tells shareholders of P&O to take no action on PSA's bid By CLARENCE MICHAEL in Dubai DUBAI's governmentowned ports operator Dubai Ports World (DP World) yesterday asked P&O shareholders to take no action on the £3.5 billion ($lO billion) bid
    520 words
  • 134 1 ST! 2,***** (-11.27) ST INDEX FUTURES 2,410.00 (-12.00) 1 siMsa ***** (-1.48) SIMSa FUTURES 285.80 (-1.70) MARKETS Thursday Change KLSECOMP 911.16 +1.57 NIKKEI 225 16,445.19 +81.60 HANG SENG 15,719.37 +68.49 SET INDEX 753.04 -10.97 JAKARTA COMP 1,256.25 -5.030 MANILA COMP 2,158.65 +7.94 SEOUL COMP 1,402.58 +8,4? SHENZHEN B
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  • Page 1 Advertisements
    • 83 1 BANKING Fbcus on customer satisfaction: new DBS chief pg 5 money away is much more interesting, k much more challenging, 1f r than it.} Billionaire money manager George Soros, talking about Ms passion for causes and his approach to philanthropy, In The Raffles Conversation tomorrow THE luoes TIMES I i
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    • 12 1 VHVPOMT n Banking on S'pore Inc brand PG22 IN 8 "*****1 *****4
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    • 25 1 GUPTBtIKACE Home-coming of a sleep-deprived sailor P64 \1 I busmess BLOGGMG Will it catch on inS'poi«?PG32 nf^ r Ik us, IkmflA VW?®iiV 1 m r
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  • TOP STORIES
    • 564 2 Sim Lian's $82.2 m bid for Tampines site is highest THE maiden tender for a site on which Housing Development Board flats will be built by private developers drew a higher-than-expected top bid of $82.22 million or $113.67 per square foot per plot ratio from Sim Lian Land
      564 words
    • 545 2  -  Slowdown due to people going broke: Conference Board president By ANNA TEO [SINGAPORE] The US economy will slow this year to 22.5 per cent growth, but there will be no let-up in interest rate hikes for a while, says the president and chief
      545 words
    • 63 2 OUR report "OCBC's China purchase seen as strategic move" (BT, Jan 12) said Larry Lam, who has been appointed OCBC's head of group audit with effect from Jan 16, was previously head of group risk at OCBC. Mr Lam was actually senior vice-president and head of internal audit previously
      63 words
    • Article, Illustration
      558 4  -  Round-the-World Yacht Race, Leg 4, Race 5, Day 11 From VINCENT WEE BT journalist and sailor, onboard Uniquely Singapore BY the time you received your paper yesterday it was all over for the Uniquely Singapore Clipper. Slightly before 6am, I had the honour of driving us over the
      558 words
    • 439 4  -  It also calls to build 2-room flats to help low-wage workers By CHEN HUIFEN [SINGAPORE} The Ministry of National Development (MND) said yesterday it will study "in earnest" the housing recommendations by the ministerial committee on low-wage workers. "We are not looking at
      439 words
    • 32 4 BT print subscribers get free access to the Business Times Online. To activate your account, log on to http jl business-times.asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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    • 861 4  -  Prices in maiden tender for plot to build HDB flats beat expectations By KALPANA RASHIWALA [SINGAPORE] The maiden tender for a site on which Housing Development Board flats will be built by private developers drew a higher-than-expected top bid of
      861 words
  • Page 2 Advertisements
    • 88 2 Ng\a/ Yg3.t with New C/OOC/n6SS EBBB9 H 5* 1 111 K^L^l V I 8W n New Moon jj I is proud to be the main sponsor of Super Premium Gift Set > n -6*709 Limited edition (500 Sets) Jewellery Box t :J^ Abalone I f ■f£=Sj i i I(| ri*r.S"r,i"-"'
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  • Page 4 Advertisements
    • 173 4 ,i. i -JIH— „V--.> v r >v rags* r/etstgacmtm': I^SMU SINGAPORE MANAGEMENT UNIVERSITY The Master of Science Programmes in Programme Features The programmes are designed to equip graduates with indepth knowledge in their selected discipline for a career in academic research or teaching or as a professional practitioner The MSc
      173 words

  • COMPANY NEWS
    • 477 5  -  The customer's satisfaction is key, and we know Asia best: Boon Hwee By LESLIE YEE DBS will not be a partner who takes away the umbrella when it rains, new chairman Koh Boon Hwee said yesterday. "We are here to listen to you," he
      FILE PHOTO  -  477 words
    • 788 5  -  HOCK LOCK SIEW By SIOW LI SEN IT SEEMS that Singapore Telecommunications has at last captured its Virgin, after forking out As3o million (Ss37 million) for the 74.15 per cent of Virgin Mobile Australia that it did not already own. The price
      788 words
    • 803 6  -  COMPANY RESULTS Derivatives market leads the show which came slightly ahead of analysts' expectations By TEH HOOI LING ANOTHER buoyant quarter which saw Singapore Exchange achieving a net profit of $37 million helped lift its first-half net earnings by 64 per cent year-on-year
      803 words
    • 443 6  -  By UMA SHANKARI ORNAMENTAL fish company Qian Hu is thanking its dragon fish for the way net profit for the fourth quarter ended Dec 31, 2005, more than tripled to $536,000 up from the $146,000 reported in the fourth quarter of
      FILE PHOTO  -  443 words
    • 459 6  -  Previous Q1 boosted by income from sale of StarHub stake Reports by WONG WEI KONG SINGAPORE Press Holdings' first-quarter earnings fell 35 per cent in the absence of exceptional gains recorded in the previous corresponding quarter, but operating performance of the
      459 words
    • 189 6 THE Business Times enjoyed the highest circulation growth among newspapers pubtisftwjby Singapore Press Holdings in three montfis jmded Nov 30." 2005. The circulation figures were disclosed by the media when it reported its first-quarfer results yesterday. BT's circulation increased 1.8 per cent ill
      189 words
    • 541 6  -  By LEE KIM SIANG SIN Soon Huat's executive chairman, Kris Wiluan, said yesterday that the company was casting an eye on projects in Singapore's oil and gas industry. This came on the back of Sin Soon Huat's announcement of its
      FILE PHOTO  -  541 words
    • 409 7  -  It says Kingsdere has signed exclusive deal with mill's shareholders By SHOEB KAGDA in Jakarta SINGAPORE-LISTED United Fiber System (Unifiber) said yesterday that it had lined up the necessary funding to acquire Indonesian pulp mill PT Kiani Kertas and for refinancing company creditors,
      409 words
    • 212 7 THE directors of Easy Call International announced yesterday that its substantial shareholder Boustead Singapore has called an extraordinary general meeting (EGM) to seek approval for the proposed distribution by way of dividend in specie of part of its shareholding interest
      212 words
    • 531 7  -  By MICHELLE QUAH FRUIT and vegetable wholesaler FHTK Holdings is taking a twin move a proposed $24.62 million rights issue and a $6.5 million loan from five individual investors to ease its financial plight. The company said yesterday it was looking
      531 words
    • 508 7  -  TROUBLED FIRMS It's also working on improving internal controls, processes By MICHELLE QUAH CHINA Aviation Oil (CAO) will appoint a new chief executive and resume the trading of its shares by around the end of March this year.
      508 words
    • 205 7  -  By CONRAD RAJ TROUBLED mainboard counter Accord Customer Caire Solutions yesterday became the subject of queries by the Singapore Exchange when its trading volume suddenly surged to over 27.38 million shares from a six-month average of just over 3.83 million units. The exchange's vice-president for
      205 words
    • 590 7  -  By S JAYASANKARAN in Kuala Lumpur FORMER stockbroker Chua Ma Yu has emerged as a pivotal figure in the takeover battle for Southern Bank (SBB) in Malaysia following revelations that he bought slightly over 14 per cent in Killinghall for RMII3 million (5549.3
      590 words
    • COMPANY BRIEFS
      • 54 7 THE Singapore Exchange will suspend trading in the shares of Wearnes International (1994) Limited from Jan 16. This is because Wearnes does not meet the 10 per cent minimum public float requirement. Wearnes and its parent WBL Corporation have todate not come to a
        54 words
      • 44 7 CIH Ltd has exercised a put option to sell its entire 50 per cent interest in Clipsal Asia Holdings to Schneider Electric for U5558.99 million (5598.34 million). CIH is a 67.9 per cent subsidiary of GP Industries.
        44 words
      • 58 7 JETS Technics International Holdings has reported a loss of HKSB.B3 million (Ssl .9 million) on revenue of HK537.86 million for the six months ended Nov 30,2005. Jets had issued a profit warning on Nov 17. In the previous corresponding half, it made a net profit
        58 words
  • Page 5 Advertisements
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      115 words

  • Page 6 Advertisements
    • 760 6 M THE MATTER OF THE COMRAMES ACT, CHAPTER 90 AND M THE MATTER OF CHARLES TAYLOR CONSULTMG SERVICES (SINGAPORE) PTE LTD (M MEMBERS' VOLUNTARY LIQUIDATION) n II 111 ■Hnn (company negtsuauon No. *****0S2BR) NOTICE OF HNALMSTWG Notice is hereby given that pureuartto Section 308 of the Companies Act Chapter 50,
      760 words
    • 584 6 CHUAN TAT DEVELOPMENT PTE LTD (Co. Reg. No. *****4619E) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Company held at 150 Changi Road #03-01 Guthrie Building Singapore *****3 on Friday, 6 January 2006 at 11.00 a.m., the following Special Resolutions were passed: ll was resolved: That the Company
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  • Page 7 Advertisements
    • 175 7 *g|i||AU QIRARD-PERREGACIX OUTLOOK 2006 JOitfLMy W i s h for 2006 is that the Singapore economy TAKA brand and. in turn, benefit the jewellery continues to expand and the republic will industry in Singapore as a whole. w* j\ < :<^W continue to be seen as a good and safe
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  • SINGAPORE MARKETS
    • 524 8  -  STOCKS Some think the rally is still intact and the weakness of the past two days presents a decent buying opportunity R SIVANITHY Senior Correspondent EDNESDAY'S H m "mild"' corM 91 m rection exS m M m tended into a MM m second conM m 11"'
      Source: Bloomberg  -  524 words
    • 517 8  -  By LESLIE YEE DBS' deemed interest in Citiraya decreases CITIRAYA Industries announced yesterday that DBS Group's deemed interest in the troubled company has changed from 9.31 per cent to 8.65 per cent. The change in DBS' interest is due to a decrease in its asset management arm's
      517 words
    • Article, Illustration
      442 8 OTHER SINGAPORE INDICES Jan 12 VALUE CLOSE BT OB/OS 726.00 -152.00 BT CADI -*****.00 -96.00 BT 10-day MA -*****.00 +73.00 All-SG Equities 616.21 -3.27 SG Equities Elect 126.48 -1.73 SG Equities Fin 1759.29 -8.32 SG Equities Prop 757.09 +1.17 SIMSCI 285.44 -1.48 SiMSCI Futures 285.80 -1.70 MOST ACTIVE STOCKS VOLUME
      442 words
    • Article, Illustration
      882 8  -  Compiled by UMA SHANKARI Sing Tel Inn <} doc#* S4 OCBC INVESTMENT RESEARCH. Jan 12 SINGAPORE Telecom's (Sing Tel) Australian arm, Optus has announced that it had acquired 74.15 per cent of Virgin Mobile Australia (VMA) for As3o million (Ss37 million). This acquisition will make VMA a wholly
      Source: Bloomberg  -  882 words
    • 513 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar tumbled again yesterday, with losses sharpest against selected Asian units, wiping out its attempted Wednesday comeback in Asian currency trading. Trading rooms here sug- gested that some Asian central banks may have had to step in to
      Source: Reuters  -  513 words

  • SINGAPORE NEWS
    • 441 9  -  RESTRUCTURING OF SINGAPORE INC Social inequalities will increase, along with perceived lack of political freedom By UMA SHANKARI WHILE Singapore looks set to do well economically in an increasingly globalised world, domestic concerns such as increasing social inequalities and a perceived lack of
      441 words
    • 373 9  -  By OH BOON PING WITH the property sector looking up this year, the Singapore economy may grow at 5.3 per cent, economists at DBS think. "This year, we are expecting gross domestic product (GDP) to expand 5.3 per cent on the back
      BLOOMBERG  -  373 words
    • 471 9  -  By CHUANG PECK MING BIGGER bonuses and higher pay are on offer as companies plan to step-up recruitment this quarter. Of 698 key employment decision makers in multinational corporations polled recently in Singapore, nearly half planned to hire more people in the first
      471 words
    • 223 9 Ernst Young's 2006 Budget wishlist ACCOUNTANCY firm Ernst Young has spelled out its wish-list for Singapore's forthcoming 2006 Budget. When the government announces its plans for taxes and spending, the accountants would like to see changes in areas including shipping services and GST for local purchases of goods by overseas
      223 words
    • 583 10 Private sector main contributor to the $11.3b contracts awarded here THE value of local construction contracts awarded last year rose by almost 10 per cent to $11.3 billion, with the main impetus coming from the private sector. Construction demand for this year is
      Source: BCA  -  583 words
    • 200 10  -  By OH BOON PING THE film production industry will get a US$6 million boost from a joint production fund set up by the Economic Development Board (EDB) and SPE Networks Asia a Sony Pictures Entertainment company. Entertainment films produced by locally-based production houses
      200 words
    • 435 10  -  By ALEXANDRA HO MGM Mirage and its partner CapitaLand are likely to use their own in-house experts to develop their plans as they develop their bid for the right to build the integrated resort with a casino at
      435 words
    • 34 10 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A.Non Dealing Day
      34 words
  • Page 9 Advertisements
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  • ECONOMY WATCH
    • 577 11 Conditions for another hike not yet evident, says bank's governor AP. Bloomberg. Reuters [FRANKFURT] The European Central Bank (ECB) held its key interest rate steady yesterday and said conditions for sustained growth in the euro zone remain in place. Bank president JeanClaude Trichet
      AP.; Bloomberg.; Reuters  -  577 words
    • 264 11 AP [FRANKFURT] Germany's economy grew by 0.9 per cent last year, according to government data released yesterday showing slower expansion than the year before but meeting economists' expectations. Analysts had predicted 2005 growth of 0.8 per cent or 0.9 per cent in
      AP  -  264 words
    • 443 11 The currency gains 1.1% against US$ to hit 8-month high Bloomberg [BANGKOK] Thailand's central bank may take action to stem the baht's strength as overseas investors' stock purchases and exporters' dollar sales are increasing demand for the currency. Governor Pridiyathorn Devakula
      Bloomberg  -  443 words
    • 376 11 Reuters [WASHINGTON] The earth lacks the energy, arable land and water to enable populous and fast-growing China and India to attain Western levels of resource consumption, an environmental think-tank says in a report on Wednesday. The Worldwatch Institute says booming China and
      Reuters; AP  -  376 words
    • 253 11 AFP [PARIS] Norway is to build a "doomsday vault" in a mountain close to the North Pole that will house a vast seed bank to ensure food supplies in the event of catastrophic climate change, nuclear war or rising sea levels, New
      AFP  -  253 words
    • 675 11 Australia kickstarts climate pact with A$100m pledge Reuters [SYDNEY] Australia kickstarted a climate change pact of six of the world's biggest polluters yesterday by committing Asloo million (*****.4 million) for a clean-energy fund to tackle global warming. The inaugural Asia Pacific Partnership on
      Reuters  -  675 words
  • Page 11 Advertisements
    • 43 11 g*MpRITIS?] SLEEP ON WATER W'lUiP on WATERII RELIEVE THE SYMPTOMS A Fantasy Waterbed evenly distributes the body weight reducing pressure on major inflamed joints. Combine it with heat, it aids blood circulation and helps to reduce pain. Waterbeds: Health Spa in your bedroom.
      43 words

  • MALAYSIA
    • 833 12  -  10 financial bodies suing as holders of RMl4Om defaulted Pesaka bonds By S JAYASANKARAN in Kuala Lumpur TEN Malaysian financial institutions have filed a RMIS7 million (Ss6B million) suit against prominent defence contractor Rafie Sain over a bond deal gone awry.
      833 words
    • 506 12  -  By S JAYASANKARAN in Kuala Lumpur ONE of Malaysia's oldest newspapers, the 109-year-old Malay Mail, will undergo a makeover that will eschew hard news and business reports for a more hip entertainment and sportsled format a la Singapore's The New Paper. The change from
      506 words
    • 166 12 Bloomberg [KUALA LUMPUR] Malaysia's stock index rose for a fifth day in six. RHB Capital Bhd and other banks gained amid optimism new rules allowing lenders to pare bad debt on their books will help spur new lending. Kuala Lumpur Kepong Bhd and
      Bloomberg  -  166 words
    • 436 12 Reuters [FRANKFURT] Volkswagen, the world's fourthlargest carmaker, has scrapped plans to cooperate with Malaysia's statecontrolled Proton Holdings Bhd to build and sell VW brand cars for the local market. "We had a very specific idea how we wanted to proceed there. Unfortunately
      Reuters; AFP  -  436 words
    • 4 12 Source: Reuters
      4 words
  • Page 12 Advertisements
    • 450 12 SIN SOON HUAT LIMITED (Ipll vjiMPy Co. Reg. No. *****0985 C (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Sin Soon Huat Limited (the Company) will be held at 19 Jurong Port Road, Singapore *****3 on 6 February 2006 at 9.30 a.m.,
      450 words

  • GREATER CHINA
    • 553 13 Nations Energy put itself up for sale last year in deal worth up to US$2b Reuters [SINGAPORE] China's main offshore oil producer, CNOOC Ltd, is considering a bid for a privately owned Kazakhstan oil producer less than a week after announcing a major acquisition
      Reuters  -  553 words
    • 542 13 CHINA PROPERTY Reuters [SHANGHAI] China's overheated property sector is starting to show signs of cooling, a think tank within the national economic planning authority said in a report published yesterday. Real estate sales growth would slow to 20 per cent in 2006, from
      Reuters; AFP  -  542 words
    • 345 13 Reuters [HONG KONG] Investors are fired up for more mainland Chinese property trusts after the first, GZI Reit, made a hot Hong Kong debut in December, but some bankers fear a flop could taint the nascent market. The risks associated with China's private property
      Reuters  -  345 words
    • 415 13 Some gave loans to companies with insufficient capital Bloomberg [SHANGHAl] Industrial Commercial Bank of China and Bank of China, preparing to become public companies, are among lenders criticised by the country's banking regulator for being lax in extending risky loans to property
      Bloomberg  -  415 words
    • 390 13 Bloomberg [BEIJING] India's Oil Minister Mahi Shankar Aiyar yesterday started talks with Chinese oil companies in Beijing against a backdrop of increasing rivalry between the world's two fast-est-growing economies for energy reserves. China and India both face stagnant domestic oil production as their
      Bloomberg  -  390 words
    • BRIEFLY ASIA
      • 79 13 Bloomberg [JAKARTA] Indonesia and Malaysia may jointly explore for oil and gas in areas claimed by both nations in a bid to boost production amid rising energy prices. "It's a possibility for Indonesia and Malaysia to cooperate on the energy sector in the border
        Bloomberg  -  79 words
      • 93 13 Bloomberg [KUALA LUMPUR] Bursa Malaysia Bhd, which manages the nation's stock exchange, signed an agreement with the FTSE Group to create new indexes, attracting international investors. The series will include domestic indexed and will be expanded in time to include other indexes, FTSE said yesterday.
        Bloomberg  -  93 words
      • 77 13 Reuters [HONG KONG] China will close Hebei Securities, putting rival Guangfa in control pending the winding up, in Beijing's latest effort to clean up the loss-making brokerage sector, sources close to the situation said yesterday. Guangfa China's sixth-largest brokerage by operating income would run mid-sized
        Reuters  -  77 words
      • 80 13 Bloomberg [SHANGHAI] Shanghai Pudong Development Bank Co. the second-largest publicly traded lender in China, said shareholders will vote on Feb 15 to decide if Citigroup Inc can raise its stake to the maximum permitted and whether to free the US lender from an exclusivity clause.
        Bloomberg  -  80 words
      • 83 13 Reuters [SINGAPORE] General Motors Corp is considering exporting vehicles from its Chinese division to developing markets in a further sign of China's potential to supply the world with cheaply-built vehicles, the Financial Times reported yesterday. The troubled US car maker is evaluating whether there is
        Reuters  -  83 words
      • 70 13 Reuters [SHANGHAI] McDonald's Corp, the world's largest fast food chain, expects positive sales growth in mainland China this year after flat sales in 2005, the company's greater China president said yesterday. When asked about the expected growth rate for 2006, Guy Russo said: "I hope
        Reuters  -  70 words
      • 55 13 Bernama [KUALA LUMPUR] The Sessions Court here has fixed Feb 28 for mention of the case against Eric Chia Eng Hock for criminal breach of trust. Chia, former managing director of Perwaja Steel Bhd, was alleged to have committed criminal breach of trust
        Bernama  -  55 words

  • INDIA
    • 388 14 Indian officials in talks for exploration and production rights [MUMBAI] A project-specif-ic special purpose vehicle (SPV) of Indian Oil Corporation CIOC) and Oil India (OIL), floated for overseas acquisitions and exploration, is scouting for new oil and gas blocks in Indonesia, reports
      BLOOMBERG  -  388 words
    • 271 14 Reuters [MUMBAI] Tata Consultancy Services Ltd (TCS), India's top software services company, said yesterday third quarterly profit rose 3.5 per cent, just short of forecasts, as contracts from overseas customers increased. TCS, which counts GE and ABN Amro as key clients, has
      Reuters  -  271 words
    • 259 14 Reuters [BANGALORE] Shares of India's second-largest software exporter, Infosys Technologies Ltd,, fell sharply yesterday as thirdquarter growth and careful earnings guidance disappointed bullish investors. Infosys's shares slumped 4.7 per cent to 2,835 rupees at the 3.30pm close on the 'Mumbai stock
      Reuters  -  259 words
    • 563 14 Besides India, it is also considering hotels in London and S'pore Bloomberg [NEW DELHI] ITC Ltd, which absorbed its hotel units in 2004 to create India's second-largest chain, plans to add at least nine properties to take a bigger share of
      Bloomberg  -  563 words
    • 523 14 Advertising revenue expected to rise fourfold to US$150m in 2 years Bloomberg [NEW DELHI] Indian radio, the country's last mass medium to be freed for private participation, is set to draw investments of US$5Bl million in a second round of expansion from
      Bloomberg  -  523 words
    • 143 14 Bloomberg [NEW DELHI] India's federal government raised 5.38 billion rupees (Ssl9B million) by auctioning licences for FM radio stations in 33 cities, including New Delhi and Mumbai, the nation's two biggest. Successful bidders, which included units of local publishers Mid-Day Multimedia Ltd
      Bloomberg  -  143 words
  • Page 14 Advertisements
    • 536 14 CAM International Holdings Ltd (Registration No: *****0188N) (Incorporated In The Republic Of Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of CAM INTERNATIONAL HOLDINGS LTD ("the Company") will be held at Swissotel Merchant Court, 20 Merchant Road, Singapore *****1 on
      536 words
    • 261 14 FORM 69 (3) (Rule 91) NOTICE OF INTENDED DIVIDEND IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE COMPANIES WINDING UP NO. 212 OF 1966 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF E. G. TAN CO (PTE) (In Liquidation) Name of Company E.
      261 words

  • ASIA-PACIFIC/WORLD
    • 611 15  -  Surge fuelled by forecast of 20% upside as M&A activity picks up By ANTHONY ROWLEY i in Tokyo THE Tokyo stock market hit a new five-year high yesterday as a prominent investment bank suggested that merger and acquisition activity in Japan could send share prices
      REUTERS  -  611 words
    • 496 15 Reuters [BANGKOK] Most major Thai banks are expected next week to report better fourth-quarter profits than a year ago despite slower economic growth, as fee incomes rose and rising interest rates help boost profits from new loans. Analysts said the sector's
      Reuters  -  496 words
    • 378 15 AFP [HANOI] Vietnam will partly privatise the country's two biggest mobile phone companies soon, officials said yesterday a move likely to attract the world's major telecom companies. Vinaphone and Mobiphone, both 100 per cent subsidiaries of state-owned Vietnam Posts and Telecommunications Corp (VNPT), will
      AFP  -  378 words
    • 274 15 AFP [MANILA] The Philippine government has suspended t Singapore budget carrier Tiger Airways from operating flights from Macau to Clark international airport, the Civil Aeronautics Board (CAB) said yesterday. According to CAB executive director Eduardo Manalac, the airline was found to have violated several operating conditions,
      AFP; FILE PHOTO  -  274 words
    • 328 15 Bloomberg [SEOUL] Dallas-based buyout company Lone Star Funds plans to sell its controlling stake in Korea Exchange Bank that more than tripled in value over the past two years to about US$4.9 billion. It has hired Citigroup to arrange the
      Bloomberg  -  328 words
    • 430 15 LATEST US DATA [WASHINGTON] The United States trade deficit improved slightly in November but was still the third-highest on record as imports of foreign cars hit an all-time high and America's foreign oil bill remained near record levels. The politically sensitive deficit with
      430 words
    • WORLD WATCH
      • 68 15 Bloomberg [SEATTLE] Calpers. the largest US pension fund, plans to invest about US$l billion in foreign private equity in the next three years, lured by prospects in economies including China. International markets account for about US$2.4 billion, or 25 per cent, of the US$9.6
        Bloomberg  -  68 words
      • 52 15 Bloomberg [MANILA] SM Investments Corp, owner of the Philippines' No 1 department store chain, will spend 2.4 billion pesos (5574.6 million) to build a convention centre and office tower next to its Mall of Asia, the country's largest shopping centre. Both projects will be completed
        Bloomberg  -  52 words
      • 82 15 Reuters [TOKYO] Demand for Japanese equipment used to make microchips and liquid crystal displays will likely bounce back to a clear growth path in the next business year, boosted by robust chip and LCD TV demand. Sales of Japanese chip equipment are expected to rise
        Reuters  -  82 words
      • 57 15 Bloomberg [LONDON] Platinum yesterday rose to the highest since 1980 in London as hedge funds and other speculators bought the metal on speculation that supply may tighten. Platinum for immediate delivery in London rose as much as US$9, or 0.9 per cent, to U551,023 an
        Bloomberg  -  57 words
      • 64 15 Reuters [UNITED NATIONS] International donors will need to contribute about US$l.4 billion to finance the next phase of the global campaign against bird flu at a conference next week in Beijing, Dr David Nabarro, senior coordinator for avian influenza at the United Nations said on
        Reuters  -  64 words
      • 69 15 Reuters [NEW YORK] Goldman Sachs Group has pulled out of a deal to help investment bank Thomas Weisel Partners with its initial public offering, the New York Times reported yesterday. Goldman, one of two underwriters due to work on the deal, pulled out following
        Reuters  -  69 words
      • 80 15 Reuters [LONDON] Merger talks between France's Euronext and German rival Deutsche Boerse have stalled over a series of disagreements, the Financial Times reported yesterday. Negotiations faltered in late December after preliminary discussions about a plan for an all-paper merger of the European exchanges. The two
        Reuters  -  80 words

  • Page 16/17 Advertisements
    • 1911 16/17 CONGRATULATIONS FROM OUR CEO I AN EXTRAORDINARY FORCE FOR GOOD 4a\|l Congratulations Singapore for an outstanding five years! Since its inception in December 2000, the company has surpassed all 2 ''J? 2 II exnectations with stellar ffrowtH rates, and has become one of the top 10 clobal markets for Nu
      1,911 words

  • WORLD
    • 653 18 Revenue up 45% through first 3 quarters of last year, highest since 2000 Bloomberg [NEW YORK] Good times are back on Wall Street. Investment firms will pay their New York City workers a record US$2l.5 billion in bonuses for last year, after their
      Bloomberg  -  653 words
    • Article, Illustration
      140 18 Disney payouffn fiscal 2005 (USS) Book cover of Eisner's collaboration with Tony Schwartz Robert Iger wearing a pair of 'Chicken Little glasses, at a party following the premiere of the Walt Disney Pictures animated film in Hollywood last October Compiled by BT Mkhad Eisner, former diief executive of
      Compiled by BT  -  140 words
    • 406 18 AP [LOS ANGELES] Michael Eisner, former chief executive of The Walt Disney Co, received US$lO.l million in compensation last year, including a US$9.l million cash bonus. Mr Eisner left the company last Oct 1 after serving as CEO for 21 years. He was
      AP  -  406 words
    • 415 18 Visa, MasterCard look to improve data security NYT (NEW YORK] Two longtime rivals in the credit card business are working together to create a private group that would set new industrywide security standards as early as the middle of this year, a
      NYT  -  415 words
    • 179 18 AP [BRUSSELS] DaimlerChrysler AG won a legal battle at the European Union's highest court yesterday over a trademark dispute with the heirs of artist Pablo Picasso. The European Court of Justice ruled against the claim by descendants of the Spanish artist, who had
      AP  -  179 words
    • 512 18 AP [INDIANAPOLIS! Guidant Corp accepted a sweetened offer of U5523.2 billion in cash and stock late on Wednesday from Johnson Johnson (J&J), which has pursued the medical device maker for more than a year. J&J's latest offer topped its own former US$2l.5 billion bid,
      AP  -  512 words
    • 346 18 Move comes as the exchange turns into a for-profit entity Reuters [CHICAGO/NEW YORK] The Chicago Board Options Exchange (CBOE), the largest US options mart, plans to roll out options based on its widely watched volatility index VIX on Feb 24, a
      Reuters  -  346 words

  • AVIATION
    • 403 19 But European plane maker not worried about potentially new competition Reuters [BEIJING] Airbus will keep an eye on the distant prospect of China rising as a new competitor but for the moment sees it operating in a different market, the head of
      Reuters  -  403 words
    • LOG BOOK
      • 69 19 Xinhua [JAKARTA] Indonesia's state-owned airline PT Merpati Nusantara Merpati is set to reopen in the first quarter 40 domestic routes that have been closed for about two years due to financial woes, The Jakarta Post reported yesterday. The airline has received 7 5 billion
        Xinhua  -  69 words
      • 69 19 Bloomberg [NEW YORK] Deutsche Post AG's parcel service, DHL Worldwide Express, will consolidate its Manhattan pick-up, delivery and sorting operations in a US$lBl million service centre, its biggest in the US, the company said on Wednesday. Construction of the new facility near the Lincoln
        Bloomberg  -  69 words
      • 63 19 AP [FRANKFURT] More than 52 million passengers used Frankfurt airport last year, a new record for continental Europe's busiest airport, the airport operator said yesterday. Fraport AG said passenger numbers were up 2.2 per cent last year from the previous record in 2004, reaching nearly
        AP  -  63 words
    • 401 19 [KUALA LUMPUR] Malaysia Airports Holdings Bhd (MAHB) may raise the airport tax at the 39 airports it operates across the country to cover rising fuel, insurance and other costs, Malaysia's Business Times reported. MAHB currently charges RM4S (Ss2o) from international passengers
      401 words
    • 211 19 AP [SALT LAKE CITY] A woman scuffled with flight attendants and another passenger on a United Express flight on Wednesday, then claimed a bomb was on board after the plane was diverted, authorities said. No bomb was found aboard the aircraft, which
      AP  -  211 words
    • 52 19 Television talk show host Martha Stewart floating in a zero gravity environment aboard the Zero Gravity Corporation's Boeing 727 aircraft in Fort Lauderdale. Florida, last week. She will be holding a contestfor her viewers that will send the winner to the weightless flight for a similar
      AP  -  52 words
    • 584 19 Bloomberg [MUMBAI] Boeing Co, the second-biggest commercial plane maker, will spend US$lOO million to set up an aircraft maintenance facility in India, as more carriers world's second-most populous nation buy aircraft to expand. Boeing also agreed to buy 85 billion rupees (US$3.l3 billion)
      Bloomberg; AFP  -  584 words
    • 213 19 AFP [COPENHAGEN] Scandinavian Airlines System (SAS) could face strike action after hiring 35 Chinese air hostesses at a labour cost vastly inferior to Danish standards, a newspaper reported on Wednesday. The Berlingske Tidende daily said unions were accusing SAS of wage dumping
      AFP  -  213 words
    • 385 19 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      385 words

  • SHIPPING
    • 535 20  -  But Shanghai gains world's top spot in cargo tonnage, 5% ahead of S'pore Reports by DONALD URQUHART [SINGAPORE] The Singapore port continues its re-cord-breaking roll with growth across all sectors in 2005, although the bustling port of Shanghai is fast catching up. Container
      FILE PHOTO  -  535 words
    • 289 20 [SINGAPORE] To cater to rising bunkering demand at the Singapore port, the Maritime Port Authority (MPA) of Singapore has established four new bunkering anchorages in the Eastern sector of the port. The new anchorages will bring the total number of slots available in the east
      289 words
    • 445 20 Reuters. AP. AFP [TOKYO] Representatives of 14 countries including the UHited States, China and Japan yesterday urged tighter maritime, aviation and land transport security to prevent acts of terrorism. The call came at a twoday international conference in Tokyo site of a deadly
      Reuters.; AP.; AFP  -  445 words
    • 292 20 SGX '000 Jul? St Vol CH Offshore .0.38 unch 470 Chuan Hup .0.39 -0.01 1601 Coko Corporation 2 30 -0.04 2691 CWT Distribution 0.83 0.01 130 EzraHldgs 1.58 -002 799 Freight Links .0.06 unch 1248 Grand Banks Yacht .0*7 0.01 7 Jaya Holdings 1.25 unch 720 Kl Venture-
      292 words
    • 241 20 Bloomberg [SINGAPORE] SembCorp Marine Ltd, one of the world's biggest oil rig-builders, said it will inject more capital into Cosco Shipyard Group to help grow the Chinese company's ship repair and conversion businesses. SembCorp Marine will invest 225 million yuan (5545.28 million)
      Bloomberg  -  241 words
    • 296 20 AP [KUALA LUMPUR] Villagers who were asked to return goodies pilfered from freight containers that washed ashore in eastern Malaysia say it's too late: The wares already have been eaten, sold or smoked. "How are they going to take it back? The prawns
      AP  -  296 words
    • 1071 20  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE Singapore High Court has thrown out an insurance claim by the owners of the coastal tugboat Marina Iris that sank with all six Indonesian crew off Japan's coast more than three years ago while trying to make a transpacific
      1,071 words

  • EDITORIAL & OPINION
    • 555 21 EDITORIAL A FORTNIGHT into the new year, the world is again debating whether oil prices will hit US$5O or US$ 100 a barrel this year. Despite ample inventories in the US. prices have edged up, chiefly on supply worries against robust demand. The US
      555 words
    • 1191 21  -  South Korea cannot apply to life science the success formula it had in heavy industry By CHOE SANG HUN International Herald Tribune EXPERTS in science regulation said on Wednesday that the downfall of Hwang Woo Suk, the South Korean scientist denounced for falsifying his
      International Herald Tribune; BLOOMBERG  -  1,191 words
    • 757 21  -  THE BOTTOM LINE ANDY MUKHERJEE SMART money may have found a new home in India's underdeveloped property market. PricewaterhouseCoopers LLP estimated recently that as much as US$B billion of private equity will flow into Indian real estate funds over the next
      757 words
    • 784 22  -  If companies capitalise on GLCs' reputation for fair dealing and trustworthiness, benefits can flow to the private sector By LEOW CHENG BOON THE "Singapore Inc" brand name carries with it a reputation of fair dealing and stability, trustworthiness and long-term partnership. This brand name has
      BLOOMBERG  -  784 words
    • 102 22 Fax your letters to 6319-8277 or email them to bttetterosph.com.sg Or write to: The Business Times,SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws.
      102 words
    • 497 22  -  LETTERS TO THE EDITOR Simon Liew Teo Chye Investment strategist Frontier Wealth Management Pte Ltd AS THE New Year sets in, we make resolutions; and one of them is probably to improve the returns from our hard-earned savings. Although fixed deposit rates have finally broken
      BLOOMBERG  -  497 words
    • 511 22  -  Narayana Narayana THE wide differences in public opinion on the subject of quarterly reporting for publicly listed companies brought out in your article, "Quarterly reporting: Quality's more important than frequency" (BT, Jan 5), merely highlight their (lack of?) usefulness to the average small investor
      511 words
    • 341 22  -  Ng Sook Fun Director Corporate Marketing Communication IDA Singapore WE refer to the article "Regulating for competition" (BT, Jan 9). IDA requires all telcos to observe the interconnection requirements set out in the Telecom Competition Code. As a dominant telco perceivably lacks
      341 words
    • 272 22  -  Chia Boon Chong Deputy director Corporate Communications SingTel WE refer to the article "Regulating for competition" by Roland Lim (BT, Jan 9). The claims that the Sing Tel Reference Interconnection Offer (RIO) does not apply to Service-Based Operators (SBOs) and that IDA does
      272 words


  • 10462 23 SGX MAINBOARD 52-WV Td Lift Vol Day U(t Quota GrOtv Dtv GrYld Nat MCap HmTuwcSi. Company Sala COOP) HM. Uw »»ar Saiar s CV HI 13 7.5 2 5716 1st Software 5c 3 -0.5 5391 3 3 2.5 3 12.1 22 6 3148 8Telecom US2c 8 unch *****
    10,462 words

  • 3351 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local out la SS mUSS dy yr *dy yr dy %yr Jan 11 Index Change Change Change Change Change Change World Index Preliminary 997.2 0.4 17.0 02 11.8 0.4 12.0 EAFE Preliminary 993.3 0 7 28.6 0.6 16.1 M 163 Europe Preliminary
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  • Page 25 Advertisements
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      958 words
    • 583 25 Wgß/VOT UMW) W6WW) W6 KH m I SM «T STumvemjKoi/M is 3.? 12/01 14/01 siumvenuKoz/u is 3.2 23/01 24/01 31/01 03/02 05/02 |sronsyßiTUKo3/M is 1 3.2 07/02 10/02 I MM STD m u* m <n wig I SUUIN/073 50 4i 11-11/12 20-21/12 01-01/01 03-03/01 05-05/01 07-07/01 11-11/01 17-17/01 1111/01 22
      583 words

  • Page 26 Advertisements
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    • 1112 26 w sSpf HC KHM mc nw ws ypsa vor W jkt sui hug ush pus Htftoacs IfITS H/l 21/1 V) 21/1 30/1 1/? 1/t KMTCJAKAWA WIS 15/1 I|/1 H/l 24/4 2S/1 »/l HYUim IMS tt/11 a/1 w 4/2 4/2 "j/TT^rl|kmtcpusaw tois 122/1 25/1 24/1 |3t/i 4/2 */T| Vtssa KQT SH
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    • 735 26 W WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS vissa I vot Isw pjoawglcoiowm" hswva couhmq «B lISi IMflllA 6ANOHI fllOWf 23 JAW ?4UM 271 AM %M BLEB KLHV GAMPHI 0100W 30JAW 31 JAN 03FB Jtß HLB KOTAPHtTAMA im>o3l 06 FB 07 FB 10 FH
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  • Page 27 Advertisements
    • 801 27 SNordana (Asia) Pie Lid SIZES' 70 Sh—tow Way, »21-03 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WISTIRN AUSTRALIA AND ISLANDS OAItS ARE ARRIVAL DATES VtSSEL VOY Sh»ire I Ft—Ufa Cfslriwd Qrirt—bhrf Pwfc&rf— Mend Express lE6OI X 24Jon 01_hk 04hk 09 F* Island Express 1E602 lj_Rjb 21_W 02lkr OSMj 10M» Island
      801 words
    • 1080 27 vot w m vcsa wr jjr *t HX.UMA 1*4311 13/01_ 13/11 Jgf 14/01 IMZZ HCUMM \m Wfl H/tl igjgL, igl l!fl CSM3OI OMS? U£! gg» gg SB PACIAWDA IMSM 12/11 14/11— BfS, rof §V 6 -M CT2WI B2£ 14Z41 11Z#L_ i»j JO/8 Sm MSMMPA 144 M IZZSI IZM_ ggb Tin
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      587 words


  • WINE
    • 1049 29  -  N K YONG continues in this second part of his article on the wines worth looking for N K YONG ITALY Bolgheri It should be noted that Bolgheri vintage qualities do not always follow those of Tuscany. A great vintage in Tuscany is not
      1,049 words
  • Page 29 Advertisements
    • 119 29 Diners Club Card r olw^<ji64i6o9Bo BMKM M A World of Exclusive Privileges Treats Diners Club v International H. <^ <^£,e/ C Vigne' 40 Holland Grove Rd. Tel: *****053 3' IMttON W7H.HMMMC j 76 Bras Baaaft Road Bkvpjpn 14MWk- Candy Empire Cafe de Amigo Jerry's Barbeque Grill <£S3> Millcnia Walk #01-95/96/97/98,
      119 words
    • 54 29 j IMB i Off for Sushi Sashimi j nffntai Terms Conditions Apply Sushi Don Pta Ltd 109 North Bridge Road #81-01 A Funan Digitalife Mall, Tel: 6338 9894 Sushi Don (Rendezvous) Pte Ltd 9 Bras Basah Road *01-01, Hotel Rendezvous Gourmet Gallery, Tel: 6883 2159 i Present this cut-out advertisement
      54 words
    • 317 29 Wk raOHßrlx wishes you a Chinese New Year! Bundle Joy of 6's Save up to 20% 6 th 31* January 2006 Chateau Lascombes 2002 $434 for 6 bottles (avg per bot $72.70) Ratings: Robert Parker 93 points AND MANY MORE Treasures Gifts Buy 6 get 1 Free 6<h 3i st
      317 words
  • Page 29 Miscellaneous
    • 269 29 CRYPTIC CROSSWORD 8 Sauce originally given with ■■r "4h|—- -Lj——L—|——LJ——ImJ ImJ sweet potato -JH——VI 9 How one might obtain sup- ["M I plies from Lima, perhaps? (4, 11 Squealers see cops, commonly 16 Charge youth outside job |h| jHT IV centre (4) 18 Exceptionally verbose head 24 A slight speech
      269 words

  • CINEMA
    • Article, Illustration
      522 30  -  Proofs mathematical universe doesn't quite add up, says GEOFFREY EU GEOFFREY EU PROOF is the adaptation of a Broadway play by David Auburn about a oncebrilliant mathematician whose mind has turned to mush, and a daughter who might be just as gifted or just as nuts or both.
      522 words
    • 525 30  -  By PARVATHI NAYAR THE film opens with a bicycle ride; continues on an epic-length drive in a blue car fitted with an orange door; then ends in a taxi trip and along the way, we are also taken on an odyssey of spirit and soul.
      525 words
    • 555 30  -  By PARVATHI NAYAR WAYS of talking to people are actually ways of listening to people. If you want to get through to them, listen to what they say and you'll find a language in which you can communicate. This is what the excellent Curtis Hanson
      555 words
    • 412 30  -  By GEOFFREY EU IF there's anything more shocking than graphic violence on our cinema screens, it's the sight of little Elijah Wood morphing into a football thug in front of our eyes, cussing like there's no tomorrow and flailing away as best he can
      412 words
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  • ARTS
    • 1047 31  -  PARVATHI NAYAR checks out the Textiles for Rulers and Priests from the Chris Hall collection on display at the Asian Civilisations Museum PARVATHI NAYAR #g mm m H£ ap p are i oft M I proclaims the I man," advises 1 Polonius in
      1,047 words
    • 239 31  -  By 'Parvathi Nayar SETTING the Dress Code is a bilingual conference that looks at the relationship between power and textiles in Imperial China. BT met up with the distinguished panel of speakers to get some insights into the topics they will cover. Ms Collins
      239 words
    • 749 31  -  MUSIC By MATTHEW PHAN WHEN you hit a 10-year career milestone, how do you top it off but by giving yourself greater challenges? That's precisely what the Singapore Chinese Orchestra has planned for 2006 which will be the year it starts to
      749 words
  • Page 31 Advertisements
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  • executive lifestyle
    • 585 32  -  off the cuff jaime ee DEAR whoever is in charge of protecting whistle-blowers, I would like you to protect me. You see, I have it on good authority that a certain supervisor in my office has been surreptitiously taking pens and notebooks from the office
      585 words
  • Page 32 Advertisements
    • 1710 32 Power dressing taken to its heights PG 31 I I I Links in the article I I I A I I* W\ »socialtext.net/bizblogs/index.cgi n nnn inn r¥n nrpn I Vyl I I I *Vyf I V_r I V_r Vyi »www.hp.com/blogs/zhenghe I »chubbyhubby.net »nusantara.com/blog.php 4 »allbusiness.com/blog/Whyßlog/3964/*****9.html Ventures into Blogosphere N 'XT
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