The Business Times, 2 February 2006
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2006-02-02
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The Business Times
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Title Section17 2006-02-02 1 THE BUSINESS TIMES Thursday, February 2,2006 SINGAPORE 85 cents online at http://business-times.asial .com.sg MICA (P) 089/03/2005 sMnMmmwmimH17 words
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732 2006-02-02 1 SHOEB KAGDA, ANGELA TAN - It is also understood to be in the hunt for a stake in Indian telecoms operator By SHOEB KAGDA, ANGELA TAN in Singapore WITH the dust still settling on its $3 billion purchase of 49.6 per cent of Thai conglomerate Shin Corporation and732 words
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Article, Illustration959 2006-02-02 1 SALE OF SHIN CORP By OUR CORRESPONDENT in Bangkok MEMBERS of the family of Thai Prime Minister Thaksin Shinawatra yesterday said they had made a mistake in a report prior to their sale of their entire holding in Shin Corp959 words
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Page 1 Advertisements
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Advertisement57 2006-02-02 1 COURT CASE -CDj Fbrmer DBS chief in legal tussle PG3 u± WORLD CUP Local law firm scorcs if—'t BnJT X r *'>*■' >- LCD monitors poised for strong growth PG 28 81! II Markets Digest Pg 2 PATEK PHILIPPE h»....s' bFNI W 88^^ISswii^ 11 I i i p?Wf m fo»*57 words
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Advertisement18 2006-02-02 1 PROPERTY Prince Alwaleed to launch Dubai IPO PG 30 CORPORATE GOVERNANCE Does high board-attendance reflect diligence? pc, s18 words
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TOP STORIES
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Article538 2006-02-02 2 Former DBS CEO sues to retain directorship PHILIPPE Paillart, who left DBS Group as CEO in 2002, is now at the centre of a legal spat in which he is suing two parties to stop them from removing him as a company director and to refute their allegations538 words
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647 2006-02-02 2 UMA SHANKARI - Overseas price competition is still the most important limiting factor By UMA SHANKARI [SINGAPOREJ Findings from two surveys released yesterday show that businesses here generally have a positive outlook going into the new year. A net balance of 15 per cent of647 words
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983 2006-02-02 2 ANDREW MARKS - By ANDREW MARKS in New York THE US Federal Reserve gave investors plenty to chew on in its brief statement accompanying its 14th consecutive rate increase to 4.5 per cent. With the removal, after 20 months, of the key word "measured" as983 words
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Article132 2006-02-02 2 sn 2.431.74 (+19.66) ST INDEX FUTURES 2,436.00 (+19.00) SIMSCI 288.60 (+1.57) SIMSO FUTURES 289.80 (+2.50) MARKETS Wednesday Change KLSECOMP dottd NIKKEI 225 16.480.09 -169.73 HANG SENG 15.***** -10.84 SET INDEX 760.36 -227 JAKARTA COMP 1,240.69 +8.37 MANILA COMP 2,143.52 -1.87 SEOUL COMP 1.375.97 -23.86 SHENZHEN B Closed MUMBAIIND132 words
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Article, Illustration578 2006-02-02 3 CONRAD RAJ - It is helping in award of media rights for Asia By CONRAD RAJ [SINGAPORE] A local law firm has kicked a World Cup goal for Singapore. Arfat Selvam Alliance (ASA) has helped Fifa the Federation Internationale de Football Association award the578 words
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Article, Illustration844 2006-02-02 3 WONG WEI KONG - He is fighting for his directorship of ESI and contesting allegations of fraud By WONG WEI KONG [SINGAPORE] Former DBS chief executive officer Philippe Paillart, who left the bank in 2002 after a brief stint, is at the centre of a legal spatFILE PHOTO - 844 words
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Advertisement503 2006-02-02 2 (Date) February 14, April 11 and June 13, 2006 Crime) 7.45 am to 9.30 am (Venue) Grand Hyatt Singapore I would tike to attend: Event I: February 14,2006 Dealing with Fraud 6 Corruption in China A unique insight for Singapore business Doing business anywhere involves risk. Investors and business people503 words
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Advertisement31 2006-02-02 2 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http^/business-times. asial .com.sg. For more information, e-mail btocsOsph.com.sg or call 6388-3838.31 words
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Advertisement120 2006-02-02 3 IMR^iU^JSgiyppK^^a^^^^^^^^^^^:.-- i T'WjmJm r i&SBm J rif f'.j. llßk v^ jil A Singapore Airlines now flies 3 times weekly to Pakistan, one of the world's top cricket nations. Marvel at its cultural and J\ t artistic heritaqe in Lahore, and visit the country's business and technology hub in Karachi. En120 words
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COMPANY NEWS
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478 2006-02-02 4 LESLIE YEE - Fines varied from $500 to $62,000, with 19 actions for contravening SFA By LESLIE YEE THERE were 32 formal regulatory and enforcement actions taken by the Monetary Authority of Singapore (MAS) for market conduct breaches last year, the authority announced yesterday. There478 words
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Article669 2006-02-02 4 RONNIE LIM - HOCK LOCK SIEW By RONNIE LIM 1 Jf T'S business as usu- I al" for oil and gas exI ploration and producI tion (E&P) company I Pearl Energy, says company spokeswoman Tanya Pang, who sees "a big year ahead, with lots of exploration plans, inchiding669 words
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Article6005 2006-02-02 4 UNIT TRUSTS FUNDS AMI Amro Asset Mgt (S'pora) Star Europe Eqty!** 0.898/ Star Europe Bond 12/ Star Europe Bal 1-168/ Star Asian Tiger Eqty 1.174/ Star Asia Bond 1304/ Star Asia Balanced 1088/ Star Global Technology Fundi** 0.212/ Mult) St Fd 1 053/ Star Asia Bond(USD) 0.802/ Gb Multi St6,005 words
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832 2006-02-02 5 LESLIE YEE - CORPORATE GOVERNANCE Observers link good attendance to payment of fees to non-exec directors By LESLIE YEE WHEN corporate scandals surface, questions are invariably asked whether non-executive directors have been doing their job. A look at the attendance records of non-executive directors at board and832 words
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Article, Illustration421 2006-02-02 5 LESLIE YEE - Reports by LESLIE YEE WBL Corporation has decided to ask its shareholders for their views on quality of management, company image, communications with shareholders and its latest annual report. The Singapore conglomerate is involved in activities ranging from electronics and IT to housing development in421 words
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227 2006-02-02 5 CONGLOMERATE WBL Corporation announced yesterday that it is setting up a regional headquarters in Shanghai that will "allow the group to better manage its China portfolio and take advantage of the vast opportunities presented by the booming Chinese economy". WBL also announced a slew227 words
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Article, Illustration480 2006-02-02 6 NANDE KHIN - The reason more pre-paid subscribers and 3G subscribers By NANDE KHIN SINGAPORE'S mobile phone penetration rate notched up to nearly 98 per cent in December, up from 96 per cent the month before, thanks to an increase in the number of pre-paid subscriptions andFIIE PHOTO - 480 words
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Article, Illustration642 2006-02-02 6 Reuters SINGAPORE Airlines is expected to post its fourth straight quarter of declining profits today as recordhigh jet fuel prices eroded earnings. Despite a near 60 per cent rise in the cost of jet fuel last year, analysts expect the state-controlled groupReuters; FILE PHOTO - 642 words
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508 2006-02-02 6 ARTHUR SIM - By ARTHUR SIM MACQUARIE ME AG Prime Rett's two landmark properties Wisma Atria and Ngee Ann City may be better known as shopping malls but it was the performance of their office components that exceeded expectations. For the period Aug 8 to Dec 31,508 words
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212 2006-02-02 6 Bloomberg CITY Developments Ltd. Singapore's sec-ond-biggest developer, said it is expanding into Asian markets such as Bangkok, Kuala Lumpur and Shanghai and has increased a property fund to boost investments in the region. The company said its fund with Boston's BaupostBloomberg - 212 words
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Article, Illustration230 2006-02-02 6 GLOBAL supply chain manager Noble Group yesterday said it has agreed to buy an integrated soybean crushing and refining plant in the Chinese port of Qinzhou from Siping Hongzui Grease. The plant is expected to target its supply of soybean meal and oil onARTHUR lEE - 230 words
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260 2006-02-02 6 ALEXANDRA HO - By, ALEXANDRA HO THE Singapore Exchange and CBOT Holdings, the parent of the Chicago Board of Trade, have appointed a veteran with more than 20 years' experience in commodities and natural resources trading to their joint venture, Joint Asian Derivatives Pte Ltd. As260 words
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Article, Illustration686 2006-02-02 7 MICHELLE QUAH - Orderbook boosted to close to S$9b, with jobs spread out over 4 years By MICHELLE QUAH KEPPEL Corp's offshore and marine arm has further padded up its orderbook for the year, announcing yesterday that it had scored an order from Scorpion Offshore686 words
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COMPANY BRIEFS
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158 2006-02-02 7 SINGAPORE Press Holdings (SPH) yesterday said that with immediate effect, the shareholding of its subsidiary, SPH Multimedia (SPHMM), in an associate, Union Works, has been increased from 50 per cent to 70 per cent or 700,000 shares. Union Works, which owns and158 words
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111 2006-02-02 7 DRY bulk shipping company STX Pan Ocean, the first Korean firm to list in Singapore, has taken a 18 per cent stake in a new joint venture with other Korean companies. STX Pan Ocean said yesterday that a joint venture company Korea111 words
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Article99 2006-02-02 7 MAINBOARD-LISTED marine supply and logistics provider Sinwa has agreed with Longzhu Oilfield Services to form a joint venture company LS Offshore Services Pty Ltd in Perth, Australia. Sinwa will invest A 5102,000 (Ssl 25,000) to take a 51 per cent in LS Offshore, with Longzhu99 words
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Article, Illustration393 2006-02-02 7 Bloomberg SHABES of Biosensors International Group Ltd, which makes stents to treat blocked arteries, posted their biggest one-day gain after a Dutch court ruled in its favour on an injunction to stop the sale of medicated stents. Angiotech Pharmaceuticals Inc and Boston Scientific CorpBloomberg; Source: Bloomberg - 393 words
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Article, Illustration306 2006-02-02 7 OH BOON PING - By OH BOON PING SINGAPORE Airport Terminal Services (SATS) is forming a joint venture with Pakistan International Airlines (PIA) to provide inflight catering services at Karachi, Islamabad, Lahore and other airports in Pakistan. The agreement, announced yesterday, will also see SATS a subsidiary ofFILE PHOTO - 306 words
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Advertisement27 2006-02-02 4 I AllianzGI Global High Payout Fund rated 4 stars Allianz (Hi) Y by Mercer Investment Consultinq. Visit OCBC Bank for details. ciobaiinvestors J vj company no *****7169Z27 words
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Advertisement605 2006-02-02 5 =ii UOB Credit Cards is pleased to be part of the first-ever 11 Michelin Star Experience Savour a week of wine, food and art this February. In attendance will be a truly stellar cast of chefs and vintners. It is a distinguished line-up that includes Alain Soliv6r6s, Annie Feolde, Gilles605 words
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Advertisement10 2006-02-02 7 1 s J -■>' < k/ 5 *v > f\Ws: ■*■>' -f^*; f *%^ISStIB10 words
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Advertisement81 2006-02-02 7 mgT JJUmX MmiNVH THE RRST ITALIAN PEN H^IUFACtWR The Eternal Bird Limited Editic% a work arrayed in precious red celluloid with a choice of sterling silvlp, yellow golfer yellow fold with diamonds. 1 www.montarappa.com Autflbrited Dealers: Singapore: Aesthetic Bay Funan Ptfta§|ii Hall Cortina mtch HiHenia Walk Fook Hing Bras Basah81 words
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SINGAPORE MARKETS
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Article, Illustration514 2006-02-02 8 R SIVANITHY - STOCKS Brokers expect prices to be supported by the ample liquidity in the market R SIVANITHY Senior Correspondent THE local stock market yesterday picked up where it left off last week, kicking off the Year of the Dog by focusing itsSource: Bloomberg - 514 words
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Article, Illustration760 2006-02-02 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Feb 1 and earlier) Subsantial No of Price SHAREHOLDING Shareholder/ Buy/ Shares Per Before After Stock Trans Date Director Se* 'MB ShrS ('000) fBBB) Vita HIdas 27-Jan-06 Chong Thim Pheng Buy 110 na ***** 10.57 ***** 10.61 Hotung Inv 27-Jan-06 NIF760 words
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205 2006-02-02 8 NANDE KHIN - By NANDE KHIN US-BASED investment manager Wasatch Advisors became a substantial shareholder of mainboard-listed MMI Holdings last week. Wasatch bought more than 9.8 million MMI shares on Jan 25 at 77 cents each, according to a filing to the Singapore Exchange yesterday. The205 words
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Article, Illustration970 2006-02-02 8 UMA SHANKARI - Compiled by UMA SHANKARI Singapore Airlines Feb 1 dose: $14.10 KIM EN6 RESEARCH, Feb f >> 5 s i C Ov £3£ J? *V. SIA and its two subsidiaries will report their Q3 results today. Earnings should trek higher compared with Q2 thanks to stronger seasonal demand andSource: Bloomberg - 970 words
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Article, Illustration524 2006-02-02 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar rebounded smartly from a Tuesday sell-off in Asian trading yesterday, but its gains were overshadowed by another sharp runup in metal prices overnight. The greenback made a comeback after suffering a sharp sell-off just beforeSource: Reuters - 524 words
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SINGAPORE NEWS
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Article, Illustration579 2006-02-02 9 ANNA TEO - By ANNA TEO TOKYO and Osaka are no longer the world's most expensive cities, leading a trend among Asian cities including Singapore towards lower positions in the latest global cost of living rankings. The findings by the Economist Intelligence Unit (EIU) see TokyoAP - 579 words
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527 2006-02-02 9 ANNA TEO - Net 32,800 jobs created and jobless rate falls to 18-quarter low of 2.5% in Q4 2005 By ANNA TEO ADDING to the recent stream of positive economic news, total employment in Singapore hit an all-time high of 2.3 million at the end of December527 words
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Article, Illustration306 2006-02-02 9 CONRAD TAN - By CONRAD TAN VESTAS, a leading wind turbine manufacturer based in Denmark, is moving its Asia-Pacific headquarters here to ride on growing demand in the region for wind energy. Singapore may seem an unlikely choice for a company whose projects tend to involve vast wind farms306 words
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Article, Illustration406 2006-02-02 10 NANDE KHIN - Indian president names India, S'pore, Philippines, Korea for proposal By NANDE KHIN INDIAN President APJ Abdul Kalam proposed yesterday that Singapore and India, together with the Philippines and South Korea, create a "knowledge platform" that could result in a handheld tablet PC costing as little406 words
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Article, Illustration120 2006-02-02 10 YEN MENG JIIN - By YEN MENG JIIN SWISSOTEL The Stamford marking the fourth day of the Chinese New Year with an acrobatic lion dance throughout its premises, even offices. F&B outlets and lobbies. The lion dance is used to bless and open the door for health, happiness, wealth andYEN MENG JIIN - 120 words
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298 2006-02-02 10 CONRAD TAN - By CONRAD TAN THE National University of Singapore (NUS) has teamed up with the Indian Institute of Science (IISc) in Bangalore to establish the university's first overseas college for graduate students. The setting up of the NUS college in Bangalore completes the298 words
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Advertisement18 2006-02-02 9 Let your investors know by advertising your financial results in our newspapers. CaH 1800 289 8822 or email18 words
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Advertisement194 2006-02-02 9 lgjanuary to 12February 2,006 Lunch Daily 12noon-2.30pm Adult $26.80+++ Child $18.80+++ Weekday 3.30pm Adult $18.80+++ Child $13.80+++ HOTEL PHOENIX Weekend 3.30pm 5.30pm Adult $21.80+++ Child $15.80+++ ChineseNewYear Fes^CPt ner Adult $29.80+++ Child $20.80+++ OQII T Iwl ill 0T 29 »30 Jan) -M. vj V l 1/ V vi I V194 words
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Advertisement66 2006-02-02 9 AA/yWWSAA jCjNGA I2Q Em( Cmu Parfcwn 44M7S *m~mm Tet SUS ill J F«c CMS 21U fcjtawHeeyugeryiuge -m* x A ~wm y .<• x- i i > \V'' n^' The Seafood International Market Restaurant jMrv' 302 East Coast Parkwa y Aquatic Complex (Big Splash). Tel: 6345 1211 TKNUt 10% off Valentine's66 words
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Advertisement64 2006-02-02 10 Get connected to useful, timely and relevant news and infotainment from Singapore Press Holdings across 3 platforms. £StNto Singapore Read them in SPH newspapers, access them online via Asia One or have news on the go with i-mode RJ on Star Hub Mobile. Qggj Press All the daily information you64 words
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FOCUS: INDUSTRIES
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Article, Illustration791 2006-02-02 11 MATTHEW PHAN - ENVIRONMENTAL SECTOR With Singapore seeking to grow environmental services, the grass could be greener on this side in the years to come. MATTHEW PHAN reports MATTHEW PHAN /A DRIFT on the postm apocalyptic salt ■LI. ocean of 1995's box-office bomb Waterworld, Kevin ■A CostnerFILE PHOTO - 791 words
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Advertisement884 2006-02-02 11 NETWORK FOODS INTERNATIONAL LTD (Incorporated in Singapore) (Registration No. *****0195W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE is hereby given that an Extraordinary General Meeting of Network Foods International Ltd (the 'Company') will be held at Connections 3 and 4, Level 3. Amara Hotel, 165 Tanjong Pagar Road, Singapore *****9 on884 words
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Advertisement627 2006-02-02 11 IN THE NNM COURT OF THE REPUBLIC OF SINGAPORE Originating Summons Number 1903 of 2005/F In the Matter of Section 78 and Part VII of the Companies Act, Chapter 50 (1994 Revised Edition) and Order 88 of the Rules of Court, 1997 Revised Edition And In the Matter of Network627 words
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ECONOMY WATCH
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Article, Illustration791 2006-02-02 12 New Fed chief expected to stage one more rate hike in March AFP [WASHINGTON] New Federal Reserve chairman Ben Bernanke was set to get down to work yesterday with a parting gift from his illustrious predecessor to cope with a new mood of uncertaintyAFP; REUTERS - 791 words
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Article, Illustration713 2006-02-02 12 But economists remain divided over consumption Reuters [BEIJING] For all the talk in Beijing about spurring consumption, China's economic prospects in 2006 will still hinge largely on the vigour of investment. And on that score, economists start the Chinese NewReuters; REUTERS - 713 words
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416 2006-02-02 12 Reuters [KUALA LUMPUR] Playing the commodities market is very different from a few years ago, with so much money and high demand making it impossible to rely on historical trends when making investment decisions, veteran US trader George Kleinman said. "The commodity marketsReuters - 416 words
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623 2006-02-02 12 But local companies are reluctant to take on big debts to fund deals Reuters [HONG KONG/TOKYO] Asia's booming economies, strong corporate balance sheets and attractive prices are drawing buyout houses like Kohlberg Kravis Roberts (KRR) to the region. Investment banks areReuters - 623 words
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MALAYSIA/INDONESIA
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605 2006-02-02 13 S JAYASANKARAN - It's one of the highest-yielding firms on KL bourse, at 10% last year By S JAYASANKARAN in Kuala Lumpur MALAYSIAN lottery operator Berjaya Sports Toto (BJToto) may be finally climbing out of a financial hole it dug for itself five years ago.605 words
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Article, Illustration882 2006-02-02 13 PAULINE NG - Company stresses raising top and bottom lines By PAULINE NG in Kuala Lumpur F&N Holdings' market capitalisation may be over RM2 billion (SsB67 million), but chief executive Tan Ang Meng believes the company must continue to grow or be marginalised. The emphasis remains on top-line882 words
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397 2006-02-02 13 [KUALA LUMPUR] Taiwanese multinational electronics company BenQ Corp plans to open a call centre in Malaysia to serve the Asia-Pacific region, according to a report in Malaysia's Business Times. The announcement on the regional call centre came close on the heels of the397 words
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494 2006-02-02 13 Bloomberg [JAKARTA] Bank Indonesia will delay enforcing some bad-loan rules because it needs more time to build a system to monitor the cred-it-worthiness of borrowers. Deputy Governor Maman Somantri said. The central bank will delay enforcing rules whereby lenders must classify a loanBloomberg - 494 words
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BRIEFLY ASIA
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118 2006-02-02 13 Bloomberg [NEW DELHI] India revised the economic growth rate for the fiscal year ended March 31,2005, to 7.5 per cent from the previous estimate of 6.9 per cent as mining and construction grew faster than earlier forecast, the government said in a releaseBloomberg - 118 words
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103 2006-02-02 13 Oil Natural Gas gets highest credit rating Bloomberg [NEW DELHI] Oil Natural Gas Corp, India's biggest explorer, said Moody's Investors Service has assigned the "highest" credit rating ever given to an Indian company. Moody's gave the New Delhi-based company a rating of Baal- on its foreign currency debt, Oil NaturalBloomberg - 103 words
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112 2006-02-02 13 Reuters [TAIPEI] Taiwan President Chen Shui-bian's warning that he may scrap a key policy body on Chinese reunification seems aimed at stirring anti-Beijing feeling to boost his low ratings and stay relevant ahead of 2008 elections, analysts said. The gamble is certain to drawReuters - 112 words
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Article, Illustration524 2006-02-02 13 [HONG KONG] Hutchison Telecommunications International Ltd's (HTIL) Indonesian mobile unit will soon lose its place as one of only two operators licensed to run both 2G and 3G services, with the Indonesian government likely to award 3G spectrum to anotherREUTERS - 524 words
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GREATER CHINA
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Article525 2006-02-02 14 Two charged with defrauding bank of US$485m, money laundering Bloomberg [WASHINGTON] Two former branch managers of Bank of China were indicted in the United States on charges they tried to defraud the lender of US$4B5 million in the nation's biggest bank fraud. Assistant US attorney general AliceBloomberg - 525 words
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197 2006-02-02 14 Reuters [BEIJING] Production and sales of all vehicles in China, currently the world's third-largest market, will grow 12 per cent this year, slightly slower than in 2005, according to a report by the official Xinhua news agency yesterday. China's 2006 vehicle productionReuters - 197 words
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465 2006-02-02 14 Reuters [HONG KONG] Hong Kong's business activity in January reached its highest level since May last year as strong increases in output and new orders boosted the private sector, a purchasing managers' index showed yesterday. In a further potential boost for theReuters - 465 words
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Article, Illustration588 2006-02-02 14 Reuters [HEZE, China] First came thousands of police and troops to guard the roads, then hundreds of officials to monitor residents, and finally the Chinese Premier Wen Jiabao to share Lunar New Year celebrations with ordinary citizens. At a timeReuters; REUTERS - 588 words
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Article, Illustration39 2006-02-02 14 [NANJING] This dog shows it can do more than sit. stay and fetch as it matches its trainer jump for jump at a Chinese military base in Nanjing located in the eastern Jiangsu province. REUTERSREUTERS - 39 words
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349 2006-02-02 14 [HONG KONG] China Mobile (Hong Kong), the world's largest mobile phone carrier by subscribers, may shun the homegrown technology standard as it develops its third-gen-eration (3G) services, the Standard quoted chief executive Wang Xiaochu as saying. The newspaper quoted Mr Wang as349 words
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380 2006-02-02 14 [HONG KONG] Venetian Macau's US$2.5 billion syndicated loan has proved a hard sell to some banks in the region, and its arrangers are turning to lenders elsewhere, mainly in the United States, to line up funds, the Standard quoted sources familiar with the380 words
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INDIA
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Article, Illustration539 2006-02-02 15 INDIAN AIRPORTS Employees at Mumbai clash with police over govt's privatisation plan Reuters, AFP [NEW DELHI] Riot police caned hundreds of protesting workers outside Mumbai airport yesterday, and in the Indian capital staff waved flags and chanted slogans as protests against moves to privatiseReuters,; AFP; AP - 539 words
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192 2006-02-02 15 Bloomberg iy v .1* fNBW DELHI] Reliance Airport Developers Pvt. a unit of the Anil Dhirubhai Ambani Group, said tender conditions for India'# airport modernisation programme were changed to deny it the rights to develop New Delhi Airport as the highest bidder. Reliance,Bloomberg - 192 words
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386 2006-02-02 15 Bloomberg [NEW DELHI] India's Cabinet approved bids to modernise the nation's two busiest airports, accepting the recommendation of ministers to appoint groups led by GMR Infrastructure Ltd and GVK Industries Ltd as partners. Prime Minister Manmohan Singh's Cabinet yesterday approved appointing GMR, in partnership withBloomberg - 386 words
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Article, Illustration624 2006-02-02 15 Reuters [MUMßAl] India's move to ease restrictions on direct investment by foreign retailers is unlikely to trigger an investment frenzy, but will attract greater interest from global brands eager to make inroads in the fast growing sector, analysts and localReuters; REUTERS - 624 words
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335 2006-02-02 15 Reuters [CALGARY, Alberta] India has jumped into the intense competition for Canadian oil sands assets with plans to invest US$l billion over the next 12 months, a top Indian energy official said on Tuesday. India, which has mounted a high-profile hunt forReuters - 335 words
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ASIA-PACIFIC/WORLD
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649 2006-02-02 16 Calls for tighter security may deter foreign investors, say analysts Reuters [BANGKOK] Controversy over the 73 billion baht (Ss3 billion) sale of the telecoms empire founded by Thai Prime Minister Thaksin Shinawatra, the country's biggest foreign buyout, threatens to derail what could beReuters - 649 words
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Article, Illustration346 2006-02-02 16 AP [BANGKOK] Thailand's auditor general, suspended from her job for 18 months under controversial circumstances after aggressively pursuing state corruption, was reinstated yesterday. The Audit Commission, an independent state body, announced it had voted to give Jaruvan Maintaka back the job she lostAP - 346 words
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Article, Illustration361 2006-02-02 16 Round-the-World Yacht Race (-2,720 nautical miles) Leg 4, Race 6 Clipper Ventures THE race Is now at the stage when the fleet has scattered. Broadly speaking, there are two main groups, comprising I Cardiff and Glasgow off to the §f| east and the rest in the westClipper Ventures - 361 words
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206 2006-02-02 16 LATEST US DATA Bloomberg [WASHINGTON] US construction spending rose more than forecast in December as homebuilding rebounded and office and commercial investment increased. Non-residential construction spending, which includes office buildings, factories and schools, rose one per cent in December, the Commerce Department said. Compared withBloomberg - 206 words
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Article, Illustration905 2006-02-02 16 ANTHONY ROWLEY - ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent WORLD Bank president ..Paul Wolfowitz is "in trouble", a senior official of one regional development bank confided the other day. The reason, he suggested, is that while Mr Wolfowitz has a great deal of power in hisAP FILE PHOTO - 905 words
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399 2006-02-02 16 CLARENCE MICHAEL - The financing won for its unique structuring By CLARENCE MICHAEL in Dubai THE $240 million financing for Horizon Singapore Terminals Private Limited (HSTPL), managed by HSBC Singapore and Du-bai-based ENOC Group Finance, has won the Asia Pacific Oil Gas Deal of the Year 2005399 words
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WORLD
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Article, Illustration793 2006-02-02 17 US$372m earnings up 82% bit less than anticipated, stock dips 20% NYT [NEW YORK] After astounding Wall Street with its incredible growth, Google learned on Tuesday the perils of high expectations. An earnings increase that fell shy of investors' hopes sent its sharesNYT - 793 words
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295 2006-02-02 17 Reuters [DUBLIN] A group representing global newspaper publishers has launched a lobbying campaign to challenge search engines like Google that aggregate news content. The move comes as the newspaper industry's traditional business model is under pressure with advertising spending shifting away fromReuters - 295 words
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Article, Illustration506 2006-02-02 17 Bloomberg ACTIVIST investor Carl Icahn won an ally in his battle to take, control of Time Werner, as a fund for the royal family of the United Arab Emirates said it will hirehim for advice on its investnent in the company.Bloomberg; PHOTOS: BLOOMBERG - 506 words
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697 2006-02-02 17 ENRON TRIAL AP [HOUSTON] A lawyer for former Enron Corp chief Jeffrey Skilling insisted on Tuesday his client and Enron founder Kenneth Lay are guilty of no crimes, arguing the company was never infested with fraud and fell victim toAP - 697 words
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Article, Illustration211 2006-02-02 17 AFP [LISBON] The US tax office has to store Microsoft founder Bill Gates' financial data on a special computer because his fortune is so vast. "My tax return in the United States has to be kept on a special computer because their normal computers can't dealAFP - 211 words
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429 2006-02-02 17 Industry shifts to be felt gradually in weeks ahead Reuters [BOSTON] A long-awaited and, for some, dreaded new era began for US hedge funds yesterday when many players in the once loosely monitored US$l trillion industry face closer scrutiny from US financial regulators.Reuters - 429 words
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AVIATION
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Article, Illustration614 2006-02-02 18 It has added 35 new int'l routes to skirt competition with domestic-only LCCs Bloomberg [CHICAGO] United Airlines was set to exit three years of bankruptcy yesterday with 35 new international routes, a fleet that's about a fifth smaller, and one-third fewerBloomberg; AFP - 614 words
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Article, Illustration630 2006-02-02 18 VEN SREENIVASAN - GDS player is now IT service provider to travel industry By VEN SREENIVASAN [SINGAPORE] In an age when margins in the travel industry are under severe squeeze under the twin forces of low-cost carriers and open skies, full service carriers and their global distribution system (GDS)630 words
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579 2006-02-02 18 Bloonberg [NEW YORK] Boeing Co, the world's No 2 commercialjet maker, said fourth-quar-ter earnings more than doubled, helped by higher deliveries of its short-range 737 model to discount airlines. Net income increased to US$46O million, or 58 US cents a share, fromBloonberg - 579 words
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278 2006-02-02 18 Reuters [GENEVA] Air freight grew at a "disappointingly bw" rate of 3.2 per cent in 2005, while passenger traffic rxpanded by 7.6 per cent, the International Air Transpor Association (lata) said on Tuesday. Freight growth, a prime indicator of the healh of worldReuters - 278 words
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Article574 2006-02-02 18 an Mgi_m_swL_«iB IkuVUU IVSDil uis m tm UmiilM RiCTK5C —"WiiRiri jg M 1» I W zaa SOW 0715 F®Jg4 Jg| CIMTowh $0481 0525 ill fliMlllfc CA403 0040 COM 0740 CBaa UAM5 2355 —UAM£ 6445 s 38 !J8 "®B m t >h sp^ J W~wm STHmI TH377574 words
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Page 18 Miscellaneous
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Miscellaneous179 2006-02-02 18 CRYPTIC CROSSWORD 3 Humour eluding translation (7) 14 Smell I would say is oppressive Across: 1 Enlarge, 5 Trumpet, 9 4 Aims at sailors that get inside (5) Clang, 10 Retaliate, 11 Prep school, (7) 15 Severe wound seen in Acci- 12 Gala, 14 Artists model, 18 Insur--5 Earl held179 words
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SHIPPING
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Article, Illustration570 2006-02-02 19 DONALD URQUHART - Indonesia praised for 16% drop in pirate attacks in its waters last year By DONALD URQUHART [SINGAPORE] The ICC International Maritime Bureau (1MB) has warned the global maritime community not to become complacent after its 2005 piracy report showed570 words
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413 2006-02-02 19 Reuters [KUPANG, Indonesia] Indonesian naval vessels rescued more than 100 people yesterday after a packed ferry sank in heavy seas in the country's east, but dozens could still be missing, port officials said. Two navy ships had picked up 114 people, one portReuters - 413 words
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Article, Illustration780 2006-02-02 19 Reuters {SYDNEY] A maritime terrorist attack in the Malacca Strait could send economic shockwaves around the world even it was not a major strike, the commander of the United States Pacific Fleet said yesterday. Admiral Gary Roughead said the risk of a terroristReuters; REUTERS - 780 words
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Article, Illustration442 2006-02-02 19 GEORGE JOSEPH - Chairman Peter Ong reappointed for 3-year term By GEORGE JOSEPH [SINGAPORE] Two prominent private sector personalities in shipping have been inducted into the board of Singapore's maritime regulatory body, the Maritime and Port Authority of Singapore. Veteran shipping lawyer Jude Benny and Andreas Sohmen-Pao,442 words
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264 2006-02-02 19 AFP [AHMEDABAD] Police in India's western state of Gujarat on Sunday briefly detained and questioned two French journalists over a film they were shooting in a controversial shipyard, a police official said. "We have released Christophe Hilary and Karine Azzopardi from (FR3)AFP - 264 words
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EDITORIAL & OPINION
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Article534 2006-02-02 20 EDITORIAL AFTER 18 years and eight months at the helm of the US Federal Reserve, Alan Greenspan has finally moved on. It is the end of an era of arguably the most successful management of US monetary policy in living memory. Mr Greenspan's record speaks for534 words
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Article, Illustration1114 2006-02-02 20 CAROLINE BAUM - It will be a new Fed under Bernanke since he differs from Greenspan in three key areas CAROLINE BAUM I DON'T envy Ben Bernanke having to step into Alan Greenspan's shoes. Why, I don't even know what kind of shoes the outgoing FederalAP - 1,114 words
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Article, Illustration719 2006-02-02 20 FRANK CHING - THE BOTTOM LINE FRANK CHING AT A time when Bering is upbraiding Tokyo for its depiction in history textbooks of the invasion and occupation of China in the 1930s and 1940s and used it as a reason for excluding Japan from the United719 words
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Article, Illustration669 2006-02-02 21 LEON HADAR - His State of the Union address does not help to allay US public's concerns LEON HADAR Washington Correspondent YESTERDAY'S State of the Union address by President George W Bush marked the beginning of the 2006 political season,as the Republicans and the Democrats prepareAFP - 669 words
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Article, Illustration903 2006-02-02 21 WILLIAM PESEK JR - WILLIAM PESEK JR Bloomberg IF you want to get politicians focused on poverty, fire the government. It happened in India in May 2004. Then prime minister Atal Bihari Vajpayee's election slogan was "India Shining," and he had strong growth and rising stocks on his side.Bloomberg - 903 words
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536 2006-02-02 21 Leong Sze Hian Singapore - LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to recent media reports on Singapore's medical schemes. The feedback group on health matters has suggested that a new central charity fund be set up to raise and distribute funds to medical charities, to allow536 words
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934 2006-02-02 21 Charlie Lau Suan Liat Singapore - Charlie Lau Suan Liat Singapore YOUR article "Formal performance audit needed" (BT, Jan 26) on the need to audit research articles by analysts is ideal but farfetched. Last year, around June, a research analyst from a prominent stockbroking company recommended a sell on934 words
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Article10336 2006-02-02 22 SGX MAINBOARD Transaction date: Feb 1 52-Mt T«l Lad Vol Day LartQvoM GrtXv Mv GrYld Nat MCap Htgh low Coda Company Sate rOOO) Htfi tow »uyr Sa»ar Cm P/t in* 6.5 2 5716 1st Software St 3 +0.5 5101 3 2.5 2.5 3 12.1 20 6 3148 8TelecomUS2c10,336 words
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Article6177 2006-02-02 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES Id local cvrr In SS In USS %dy %yr dy %yr dy %yr Jan 31 Indw Chang* Chang* Chang* Chang* Chang* Chug* World Index Preliminary 1000.6 -0.1 17.4 -03 11.7 02 12.4 EAft Prdwninary 1007.1 0.1 303 0.1 16.9 0.6 17.6 Europe Prefcninaty6,177 words
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Page 24 Advertisements
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Advertisement1043 2006-02-02 24 MitllijicSM Br BH H J B H IB^lyi -l I \n| I k Ul w. -vl I mmrM I w 7 wit f NYK GROUP SOUTH ASIA PTE LTD vrwr Aprt r«> C VJT TEL: 6295 0123 MXAunS eSsE/ 13 II LINE Fax:6292 2856(Regionalsales)/6239 7109(OPS)/*****785(Documentation) NIPPON YUSEN KAISHA TOKYO H9»AKU1,043 words
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Advertisement670 2006-02-02 24 IINTMAHA RORO MtVKi vßsa/vor tMrgo) hbghtw m koj u? m *t stouts venme 02/04 is 3.2 a/01 24/01 31/01 03/02 05/02 STOUTS VENTURE 03/04 IS 3.2 07/02 10/02 STOUTS EXWESS TIN 30 4.1 14/02 I I limtfiAUAN Koto service I vßsa/vor imukkdlwghudl lo sw m std m am fm *t670 words
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Advertisement1466 2006-02-02 25 WAN HAI INTERNATIONAL PTE LID at NO: l w *****00/* \ajo\ WAN HAI LINES V ll V fIHII I Iffl Mllhl# PXIH: (03) 3J448H HUL |03| 3J*****1PH li |W) 224J900 FAJt (0412J***** V ■waMNVMaMRaMMiMwaa www wanhoi torn <■ KT IE: 1021) 52J41MFAI: 1021) *****M1W1H: 71*II0/*****1 FAX: *****9 WWW.WIIWI.W.I| K Ob1,466 words
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Advertisement1111 2006-02-02 25 vesse vor sin jkt m m inc kyh wis rasa voy T jkt sub hug usn pus HY VLADIVOSTOK 171S 2/7 4/7 11/7 13/7 IS/2 IS/? KMTC SINGAPORE MIS W/1 1/2 2/? 7/? 11/2 12/2 HYftOWtSS IMS V 2 11/2 11/2 11/2 20/2 22/2 22/2 KMTC JAKAKTA tO2S S/2 «/21,111 words
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Advertisement814 2006-02-02 25 m WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vcsa vot sm pjqamg cqiomso n. swva coiomo IM-WM-W-M- fig l!B ttPWIAti IUD&t JIMfIL 13 FB IZB 2SLEH 218 MUAPawiiA mm 2qfb 21 fb 24F8 bb mm INDIU GAHDHI OIOIW 27 FB 21 FB 04 MAK814 words
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THE BUSINESS TIMES SHIPPING TIMES
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6635 2006-02-02 26 This ETA ETA Advartfeer Venal Voyage Telephone SIN Dasfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'tvoire 09/02 21/03 China Shpg PERTH BRIDGE 099A *****898 16*02 15/03 Delmas URSULA DELMAS 612W *****344 16/02 21/03 China Shpg CMACGM SEINE SX211W *****898 18/02 21/036,635 words
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Advertisement386 2006-02-02 26 VESSiI VOY SIN POU VKSB VOY 5X JKT PACIAMPA 1651N 24/01 24/01 PACHMTAN 9334 ~~fT7ol 24/01 PAC lAMPA 1652H 25/0] 26/01 Jg* "ff! H££ CSf 2301 0230P 26/01 27/01 gff "(g mum 1653 M 27/0] 27/ pi jg M— gflj PACIAMPA 0654N 21/fi] 2S/01 "gT*" Jjg M ofiss! sau !M386 words
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Advertisement21 2006-02-02 26 PLACE YOUR AD HERE .The Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 000221 words
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Advertisement463 2006-02-02 26 IVISSW. [VOY I PKI I SIN I KARACHI PX» BAB NHS PMM BIK I KHOR MAN BAABAII PCL SI 19 05/02 06/02 15/02 It/02 19/02 25/02 2S/02 02/03 KAN KOMMSTAN KL Sl2O 13/02 14/02 23/02 26/02 27/02 05/02 ot/02 11/02 WAN SHAHKYAK PCL >122 21/02 22/02 03/03 06/031 07/03 13/03463 words
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Advertisement317 2006-02-02 26 BSA jl '■1111 l jiii||||iiiiijiiijiM MYANMA HH FIVE STAR LINE (Myannor National Line) Loading for Yangon VESSEL VOT SIN PKI PEN PGU CHIN SHWE WW WW SID PAGAN 349W SID IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUt/PKL 03-3005*31* PEN: 04-*****15 ACCEPTING CONVENTIONAL CBO VESSa VOT HKG SM PKL KHTNiniSM TWU OONUOUDI317 words
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BizIT
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Article, Illustration639 2006-02-02 28 ROLAND LIM - Cheaper and larger models are also expected to be in vogue this year, writes ROLAND LIM ROLAND LIM Traditional cathode ray tube (CRT) monitors are rapidly losing their space on the desktop to flat liquid crystal display (LCD) ones, and cheaper, larger modelsFILE PHOTO - 639 words
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Article, Illustration454 2006-02-02 28 LEE KIM SIANG - LEE KIM SIANG checks out two sleek new mobile phones from Motorola LEE KIM SIANG IF YOU'RE looking to elicit looks of envy from your friends, Motorola's latest designer phone, the PEBL (pronounced "pebble"), could be the phone for you. Believe me, once you've454 words
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408 2006-02-02 28 Bloomberg [SAN FRANCISCO] Google Inc, the most-used Internet search engine, released an updated version of its toolbar for Web browsers as part of efforts to attract more visitors to its websites. The toolbar, which comes with some new computers, allows users toBloomberg - 408 words
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Article, Illustration259 2006-02-02 28 SEMICONDUCTOR major STMicroelectronics will have a new corporate vicepresident from April 3. He is Jeffrey See, currently the general manager of STMicro's manufacturing complex in Ang Mo Kio. Mr See, who will also become general manager of STMicro's back-end operations, will have worldwide259 words
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736 2006-02-02 28 Blogs will be shut down only on legal notice, it says NYT [NEW YORK] Microsoft unveiled new company guidelines on Tuesday intended to spell out how it will deal with government censorship demands, in China and anywhere it does business, and limit the impactNYT - 736 words
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Page 28 Advertisements
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Advertisement19 2006-02-02 28 IDC sees the Asia Pacific (excluding Japan) market for LCD monitors overtaking that of CRTs for the first time.19 words
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PROPERTY
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566 2006-02-02 29 About US$23b of fixed-rate debt will likely be issued in February Bloomberg [NEW YORK] Yields on commercial mortgagebacked securities may rise this month as investors face the second-biggest ever wave of sales, according to strategists at firms including JPMorgan Chase 8t Co and MerrillBloomberg - 566 words
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1669 2006-02-02 29 PROJECT NAME/ PROP CONTRACT TENURE BUItJ-W/lAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFD (S$ 000) <S$) District 1 NON-LANDED Emerald Gdn Apt 27/12/2005 999 1119 980 87$ Pearl's Cte Apt 20/12/2005 99 1485 440 2% The Sat Al Manna Bay Apt1,669 words
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Article, Illustration729 2006-02-02 30 CLARENCE MICHAEL - Primary shares to list on DIFX, global depository shares on LSE By CLARENCE MICHAEL in Dubai KINGDOM Hotel Investments (KHI), which belongs to Saudi billionaire Prince Alwaleed bin Talal, announced yesterday that it would launch an initial public offering (IPO) and list its primaryFILE PHOTO - 729 words
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242 2006-02-02 30 Reuters [NEW YORKI Real estate services company Jones Lang LaSalle Inc on Tuesday said quarterly profit rose 34 per cent, beating Wall Street's forecast, as real estate investment around the world remained strong. The company reported fourth-quarter income of US$67 million, or US$l.99Reuters - 242 words
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Advertisement193 2006-02-02 29 IMfl Debenham S Tie Leung I I niHi; il| Mfcin tf LUXURIOUS FREEHOLD RESIDENTIAL SITE NEAR ORCHARD TURN NO. 18 ANGULUA PARK Site area 4,155.7 sq m (44,731.5 sq ft) Exclusive 100% consensus obtained For Sale by Tender Closing: Thursday, 9 February 2006,4.00pm ISsa^fflBittfiߣ££l nBSKHiH Ijjjfifel SSSP Land 16,0675f, PR193 words
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Advertisement9 2006-02-02 30 SINGAPORE'S NEWEST GEM AWAITS YOUR DISCOVERY t jfcK^orjuxßWltOi* 19 words
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Advertisement70 2006-02-02 30 SENQ POH ROAD BANK'S AUCTION 8/2/06 A 6-storey building with eating house La n d Approx. 9,143 sq ft jM• Total GFA Approx. 27,454 sq ft Freeholcl Zoned Residential Commercial at 1* storey kfHBSHnUL Minutes' walk to Tiong Bahru MRT Station Minutes' drive to CBD Orchard Road Easy access to70 words
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