The Business Times, 2 February 2006

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 30
1 30 The Business Times
  • 17 1 THE BUSINESS TIMES Thursday, February 2,2006 SINGAPORE 85 cents online at http://business-times.asial .com.sg MICA (P) 089/03/2005 sMnMmmwmimH
    17 words
  • 732 1  -  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 and
    732 words
  • 959 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 Corp
    959 words
  • Page 1 Advertisements
    • 57 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
    • 18 1 PROPERTY Prince Alwaleed to launch Dubai IPO PG 30 CORPORATE GOVERNANCE Does high board-attendance reflect diligence? pc, s
      18 words

  • TOP STORIES
    • 538 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 allegations
      538 words
    • 647 2  -  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 of
      647 words
    • 983 2  -  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" as
      983 words
    • 132 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 MUMBAIIND
      132 words
    • 578 3  -  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 the
      578 words
    • 844 3  -  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 spat
      FILE PHOTO  -  844 words
  • Page 2 Advertisements
    • 503 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 people
      503 words
    • 31 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

  • Page 3 Advertisements
    • 120 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. En
      120 words

  • COMPANY NEWS
    • 478 4  -  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. There
      478 words
    • 669 4  -  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, inchiding
      669 words
    • 6005 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 St
      6,005 words
    • 832 5  -  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 and
      832 words
    • 421 5  -  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 in
      421 words
    • 227 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 slew
      227 words
    • 480 6  -  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 and
      FIIE PHOTO  -  480 words
    • 642 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 group
      Reuters; FILE PHOTO  -  642 words
    • 508 6  -  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
    • 212 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 Baupost
      Bloomberg  -  212 words
    • 230 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 on
      ARTHUR lEE  -  230 words
    • 260 6  -  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. As
      260 words
    • 686 7  -  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 Offshore
      686 words
    • COMPANY BRIEFS
      • 158 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 and
        158 words
      • 111 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 Korea
        111 words
      • 99 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 Longzhu
        99 words
    • 393 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 Corp
      Bloomberg; Source: Bloomberg  -  393 words
    • 306 7  -  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 of
      FILE PHOTO  -  306 words
  • Page 4 Advertisements
    • 27 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 *****7169Z
      27 words

  • Page 5 Advertisements
    • 605 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, Gilles
      605 words

  • Page 6 Advertisements
    • 96 6 ISave tax/ Our qualified professionals can assist you with offshore I'J'.CUirC structures, shelf companies and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offsho're trusts for assets protection estate
      96 words

  • Page 7 Advertisements
    • 10 7 1 s J -■>' < k/ 5 *v > f\Ws: ■*■>' -f^*; f *%^ISStIB
      10 words
    • 81 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 Basah
      81 words

  • SINGAPORE MARKETS
    • 514 8  -  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 its
      Source: Bloomberg  -  514 words
    • 760 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 NIF
      760 words
    • 205 8  -  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. The
      205 words
    • Article, Illustration
      970 8  -  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 and
      Source: Bloomberg  -  970 words
    • 524 8  -  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 before
      Source: Reuters  -  524 words

  • SINGAPORE NEWS
    • 579 9  -  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 Tokyo
      AP  -  579 words
    • 527 9  -  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 December
      527 words
    • 306 9  -  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 farms
      306 words
    • 406 10  -  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 little
      406 words
    • 120 10  -  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 and
      YEN MENG JIIN  -  120 words
    • 298 10  -  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 the
      298 words
  • Page 9 Advertisements
    • 58 9 Diners Club Card r ow M^64i***** A World of Exclusive Privileges Treats Diners Club X' b lilllt 76 Bi* &wah Roed Sngepoie *****6^^^^^ One-Ninety at Four Seasons Hotel Singapore 190 Orchard Boulevard, Tel: 6831 7250 Four Seasons Hotel Valentine's Day Four-Course Set Dinner at $140+++ per pax Only when you
      58 words
    • 18 9 Let your investors know by advertising your financial results in our newspapers. CaH 1800 289 8822 or email
      18 words
    • 194 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 V
      194 words
    • 66 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's
      66 words

  • Page 10 Advertisements
    • 64 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 you
      64 words

  • FOCUS: INDUSTRIES
    • 791 11  -  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 Costner
      FILE PHOTO  -  791 words
  • Page 11 Advertisements
    • 6 11 I I [J The Business times
      6 words
    • 884 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 on
      884 words
    • 627 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 Network
      627 words

  • ECONOMY WATCH
    • 791 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 uncertainty
      AFP; REUTERS  -  791 words
    • 713 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 New
      Reuters; REUTERS  -  713 words
    • 416 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 markets
      Reuters  -  416 words
    • 623 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 are
      Reuters  -  623 words

  • MALAYSIA/INDONESIA
    • 605 13  -  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
    • 882 13  -  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-line
      882 words
    • 397 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 the
      397 words
    • 494 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 loan
      Bloomberg  -  494 words
    • BRIEFLY ASIA
      • 118 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 release
        Bloomberg  -  118 words
      • 103 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 Natural
        Bloomberg  -  103 words
      • 112 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 draw
        Reuters  -  112 words
    • 524 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 another
      REUTERS  -  524 words

  • GREATER CHINA
    • 525 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 Alice
      Bloomberg  -  525 words
    • 197 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 production
      Reuters  -  197 words
    • 465 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 the
      Reuters  -  465 words
    • 588 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 time
      Reuters; REUTERS  -  588 words
    • 39 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. REUTERS
      REUTERS  -  39 words
    • 349 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 as
      349 words
    • 380 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 the
      380 words

  • INDIA
    • 539 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 privatise
      Reuters,; AFP; AP  -  539 words
    • 192 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
    • 386 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 with
      Bloomberg  -  386 words
    • 624 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 local
      Reuters; REUTERS  -  624 words
    • 335 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 for
      Reuters  -  335 words
  • Page 15 Advertisements

  • ASIA-PACIFIC/WORLD
    • 649 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 be
      Reuters  -  649 words
    • 346 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 lost
      AP  -  346 words
    • 361 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 west
      Clipper Ventures  -  361 words
    • 206 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 with
      Bloomberg  -  206 words
    • 905 16  -  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 his
      AP FILE PHOTO  -  905 words
    • 399 16  -  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 2005
      399 words

  • WORLD
    • 793 17 US$372m earnings up 82% bit less than anticipated, stock dips 20% NYT [NEW YORK] After astounding Wall Street with its incredible growth, Google learned on Tuesday the perils of high expectations. An earnings increase that fell shy of investors' hopes sent its shares
      NYT  -  793 words
    • 295 17 Reuters [DUBLIN] A group representing global newspaper publishers has launched a lobbying campaign to challenge search engines like Google that aggregate news content. The move comes as the newspaper industry's traditional business model is under pressure with advertising spending shifting away from
      Reuters  -  295 words
    • 506 17 Bloomberg ACTIVIST investor Carl Icahn won an ally in his battle to take, control of Time Werner, as a fund for the royal family of the United Arab Emirates said it will hirehim for advice on its investnent in the company.
      Bloomberg; PHOTOS: BLOOMBERG  -  506 words
    • 697 17 ENRON TRIAL AP [HOUSTON] A lawyer for former Enron Corp chief Jeffrey Skilling insisted on Tuesday his client and Enron founder Kenneth Lay are guilty of no crimes, arguing the company was never infested with fraud and fell victim to
      AP  -  697 words
    • 211 17 AFP [LISBON] The US tax office has to store Microsoft founder Bill Gates' financial data on a special computer because his fortune is so vast. "My tax return in the United States has to be kept on a special computer because their normal computers can't deal
      AFP  -  211 words
    • 429 17 Industry shifts to be felt gradually in weeks ahead Reuters [BOSTON] A long-awaited and, for some, dreaded new era began for US hedge funds yesterday when many players in the once loosely monitored US$l trillion industry face closer scrutiny from US financial regulators.
      Reuters  -  429 words

  • AVIATION
    • 614 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 fewer
      Bloomberg; AFP  -  614 words
    • 630 18  -  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
    • 579 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, from
      Bloonberg  -  579 words
    • 278 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 world
      Reuters  -  278 words
    • 574 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 TH377
      574 words
  • Page 18 Miscellaneous
    • 179 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 held
      179 words

  • SHIPPING
    • 570 19  -  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 showed
      570 words
    • 413 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 port
      Reuters  -  413 words
    • 780 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 terrorist
      Reuters; REUTERS  -  780 words
    • 442 19  -  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
    • 264 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

  • EDITORIAL & OPINION
    • 534 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 for
      534 words
    • 1114 20  -  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 Federal
      AP  -  1,114 words
    • 719 20  -  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 United
      719 words
    • 669 21  -  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 prepare
      AFP  -  669 words
    • 903 21  -  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
    • 536 21  -  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 allow
      536 words
    • 934 21  -  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 on
      934 words


  • 10336 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 8TelecomUS2c
    10,336 words

  • 6177 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 Prefcninaty
    6,177 words

  • Page 24 Advertisements
    • 1043 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»AKU
      1,043 words
    • 670 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 *t
      670 words

  • Page 25 Advertisements
    • 1466 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 Ob
      1,466 words
    • 1111 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 «/2
      1,111 words
    • 814 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 MAK
      814 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6635 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 21/03
      6,635 words
  • Page 26 Advertisements
    • 386 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 !M
      386 words
    • 21 26 PLACE YOUR AD HERE .The Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 0002
      21 words
    • 463 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 13/03
      463 words
    • 317 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 OONUOUDI
      317 words


  • BizIT
    • 639 28  -  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 models
      FILE PHOTO  -  639 words
    • 454 28  -  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've
      454 words
    • 408 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 to
      Bloomberg  -  408 words
    • 259 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 worldwide
      259 words
    • 736 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 impact
      NYT  -  736 words
  • Page 28 Advertisements

  • PROPERTY
    • 566 29 About US$23b of fixed-rate debt will likely be issued in February Bloomberg [NEW YORK] Yields on commercial mortgagebacked securities may rise this month as investors face the second-biggest ever wave of sales, according to strategists at firms including JPMorgan Chase 8t Co and Merrill
      Bloomberg  -  566 words
    • 1669 29 PROJECT NAME/ PROP CONTRACT TENURE BUItJ-W/lAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFD (S$ 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 Apt
      1,669 words
    • 729 30  -  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 primary
      FILE PHOTO  -  729 words
    • 242 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.99
      Reuters  -  242 words
  • Page 29 Advertisements
    • 193 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, PR
      193 words

  • Page 30 Advertisements
    • 9 30 SINGAPORE'S NEWEST GEM AWAITS YOUR DISCOVERY t jfcK^orjuxßWltOi* 1
      9 words
    • 70 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 to
      70 words