The Business Times, 18 February 2006
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2006-02-18
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The Business Times
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Title Section20 2006-02-18 1 THE BUSINESS TIMES weekend .SINGAPORE 85 cents MICA (P) 069/03/2005 February 18-19, 2006 online at http //business-times tisin! (om >cj20 words
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761 2006-02-18 1 EDITORIAL LET's admit it: The Budget presented in Parliament yesterday by Prime Minister and Finance Minister Lee Hsien Loong is more a Budget for the people and a generous one at that than it is for corporate Singapore. Nevertheless, Singapore Inc can761 words
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Article, Illustration1316 2006-02-18 1 ANNA TEO - People's Budget shares $2.6b with Singaporeans while businesses get targeted doses of incentives By ANNA TEO THE big giveaways may be for the masses. But the business sector hasn't been left wanting either, after the government notched up a $430 million surplus in FY2005 more thanPhoto: Arthur Lee - 1,316 words
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Page 1 Advertisements
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Advertisement6 2006-02-18 1 RAFFLES CONVERSATION guru of emp<weraeit;y;^ u6 words
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Advertisement8 2006-02-18 1 rggg DRIVING STYLE Taxi operator thinks green P6178 words
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Advertisement60 2006-02-18 1 COMPANIES Chai# drags DBS into red in Q4 PGB MORE REPORTS Commentary: Balancing social needs, economic demands PG 2 BT Roundtable: Panellists see potential in the fine-tunings PG 3 Workfare bonus: $400 m to help older, low-wage ill i||| J earners PG 4 11 j|| $2.6b package to make I60 words
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BUDGET 2006
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670 2006-02-18 2 TAN KHEE GIAP - COMMENTARY It is reassuring the government is determined to do what is necessary in a manner that is prudent and sound By TAN KHEE GIAP AS AN economist, I am naturally interested in the wellbeing and sustainability of the government's budgetary position over time, including670 words
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Article, Illustration516 2006-02-18 2 CHEN HUIFEN - CREATING A KNOWLEDGE HUB Write-down for IP extended to economic owners By CHEN HUIFEN PRIME Minister Lee Hsien Loong yesterday said a R&D Trust Fund will be set up with an initial injection of $500 million this year, signalling Singapore's seriousness in transformingARTHUR LEE - 516 words
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534 2006-02-18 2 GENEVIEVE CUA - BOOSTING SERVICES HUB Tax treatment of Islamic contracts aligned By GENEVIEVE CUA YESTERDAY'S Budget boosts Singapore's bid to make itself a centre for Islamic finance, aligning the tax treatment of Islamic contracts with that of conventional financing. Other segments of the finance sector will534 words
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383 2006-02-18 2 DONALD URQUHART - By DONALD URQUHART SINGAPORE'S shipping sector got a boost in yesterday's Budget, with new incentives to attract shipowning and operating companies, as well as a new move aimed at growing ship financing activities here. While noting that Singapore's business infrastructure and connectivity are key383 words
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220 2006-02-18 2 THE government looking beyond the traditional service sectors of finance and logistics, is to keep up its help for expanding services such as education, healthcare and the creative industries, Prime Minister Lee Hsien Loong said. Efforts are paying off in education, where Mr Lee220 words
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614 2006-02-18 2 AMIT ROY CHOUDHURY, ROLAND LIM - Move will broaden business opportunities and consumer reach By AMIT ROY CHOUDHURY, ROLAND LIM LEADING infocomm technology companies here have enthusiastically plugged into the government's plan to construct a faster national broadband network, which was announced in the Budget speech yesterday. In614 words
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Article, Illustration1054 2006-02-18 3 DANIEL BUENAS - Move to extend IP allowances to economic owners lauded By DANIEL BUENAS THIS year's Budget generated robust debate among 6T Roundtable participants as they examined the possible effects on a wide spectrum of interests, including small and medium enterprises, lower-income people and the financial1,054 words
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668 2006-02-18 3 NANDE KHIN - COMPETITIVE TAX REGIME By NANDE KHIN THERE is no need for a reduction in Singapore's corporate tax rate as the rate is currently "highly competitive" Prime Minister Lee Hsien Loong said yesterday. In his Budget Speech yesterday, Mr Lee, who is also Minister668 words
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419 2006-02-18 3 KALPANA RASHIWALA - By KALPANA RASHIWALA PRIME Minister and Finance Minister Lee Hsien Loong yesterday announced that the property tax surcharge will be lifted from July 1 this year. He als6 said that the Ministry of Finance is studying the much talkedabout issue of estate419 words
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596 2006-02-18 3 MICHELLE QUAH - By MICHELLE QUAH COMPANIES in Singapore, from multinationals to small and mediumsized enterprises (SMEs), are getting their share of goodies from this year's Budget with several long-standing issues, such as the tax deductibility of stock option expenses, finally being addressed. Businesses596 words
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Article, Illustration901 2006-02-18 4 ALEXANDRA HO - WORKFARE BONUS 300,000 to 400,000 people set to benefit as qualification net widens By ALEXANDRA HO THE government has earmarked $400 million called the Workfare Bonus to help older, lower-in-come workers. It has also cast the qualification net wider than the original target ofYEN MENG JIIN - 901 words
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Article, Illustration828 2006-02-18 4 R Dhinakaran, managing director of Jay Gee Group of companies 'It is a great budget for the ordinary man on the street. The government is really taking care of those people who deserve some support. But the Budget is not exciting for the business community.' Jeffrey Teong,828 words
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Article, Illustration1048 2006-02-18 5 CHUANG PECK MING - SHARING SURPLUSES Lower-income workers, retirees, students, NSmen will benefit By CHUANG PECK MING PRIME Minister Lee Hsien Loong yesterday unveiled a generous $2.6 billion package designed to meet the government's social goals of helping the needy, looking after the elderly, investing inRLE PHOTO; Source: Ministry of Finance - 1,048 words
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541 2006-02-18 5 Sum ranging up to $20,000 is on top of existing subsidies LOWER-INCOME citizen households earning up to $3,000 a month will receive an additional CPF housing I grant ranging from $5,000 to $20,000 to help them buy their first homes. This is on top541 words
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Article390 2006-02-18 5 OCBC Bank 'As mentioned in the new Singapore Budget 2006, firms must do more to help older workers whose jobs are increasingly at stake, and OCBC is certainly willing to pitch in and help OCBC has always believed very strongly in its Career Transition Programme. Hence, the390 words
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841 2006-02-18 6 MICHELLE QUAH - Government departments to spend 6.1 more Increased allocation targeted for defence and education By MICHELLE QUAH THE Singapore government is boosting its budgeted spending for the coming financial year, as it looks to invest more on defence and education. Spending estimates for FY2006, beginning in March, show that government ministries841 words
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468 2006-02-18 6 SAMUEL EE - By SAMUEL EE MOTOR distributors expect car buyers to return to showrooms this weekend after a slight dip last weekend amid speculation that the Additional Registration Fee or ARF would be cut. Prime Minister Lee Hsien Loong said in his Budget speech yesterday468 words
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Article335 2006-02-18 6 SIOW LI SEN - By SIOW LI SEN THE government has to date outsourced $180 million worth of contracts for nonstrategic public services to the private sector. The $180 million contracts represent 128 or 59 per cent of a total of 218 nonstrategic functions that were market-tested since outsourcing began335 words
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Advertisement449 2006-02-18 6 I THE MONETARY AUTHORITY OF SINGAPORE 11 1 flfl Ip ISIN CODE 5G********** I B; ISSUE DATE/SETTLEMENT DATE 1 MARCH 2006 I I MATURITY DATE 1 SEPTEMBER 2016 I I COUPON RATE 3.750% P.A I I YIELD AND PRICE TO BE DETERMINED AT THE AUCTION I I COUPON PAYMENT DATES449 words
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Advertisement79 2006-02-18 6 Deloitte. ji SEMINAR ON jtk BUDGE#%f\ 2006 •IW» Friday, 24 February 2006 w w f Tine 9am to 12.30pm m &iVmiue Sheraton Towers, Ballroom 2 39 Scotts Road To Deloitte Touche, 6 Shenton Way #32-00 DBS Building Tower Two, Singapore *****9 Attention Ms Noeline Keiser Tel: 6530-5575 Fax: 6538-6166 Name79 words
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RAFFLES CONVERSATION
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Article, Illustration1449 2006-02-18 7 VIKRAM KHANNA - Stephen Covey talks to VIKRAM KHANNA about finding success and fulfilment in the knowledge era VIKRAM KHANNA f';» AM not interested in making a 7 good speech," announces Stephen Covey, in his slightly husky voice, to an audience of N more than 1,000 people at Changi Expo.ARTHUR LEE - 1,449 words
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Article611 2006-02-18 7 THE 7 Habits of Highly Effective People was the book for which Stephen Covey is most famous. The habits represent, he says, "a complete framework of universal, timeless principles of character and human effectiveness". Habit 1: Be proactive This means more than just taking the initiative. It611 words
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Page 7 Advertisements
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Advertisement57 2006-02-18 7 The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in an "east-west" direction, serving57 words
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Advertisement4 2006-02-18 7 Raffles INTERNATIONAL Hotels Resorts4 words
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COMPANY NEWS
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Article, Illustration828 2006-02-18 8 LESLIE YEE - Full-year profit falls 59% to $824m; loan book, fee income up strongly By LESLIE YEE DRAGGED down by a $1.13 billion goodwill impairment charge for its Hong Kong unit, DBS Group Holdings posted a $441 million net loss for its fourthYEN MENG JIIN - 828 words
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Article, Illustration539 2006-02-18 8 LESUEYEE - COMMENTARY LESUEYEE Senior Correspondent 11l MUST have had heard that question I before," said JackI son Tai, vice-chair--1 man and CEO of DBS Group, in response to a question yesterday on whether the Singapore banking group had overpaid for Dao Heng Bank in539 words
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631 2006-02-18 8 MICHELLE QUAH - Sentencing for Peter Lim set for next week By MICHELLE QUAH FORMER China Aviation Oil finance head Peter Lim was convicted yesterday, the first in connection with Singapore's biggest financial scandal in recent history. But sentencing was postponed to next week. Lim pleaded guilty to631 words
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211 2006-02-18 8 NEPTUNE Orient Lines yesterday announced that its joint venture in China, CMA Logistics, is seeking to sell shares in Hong Kong to raise as much as HK5148.5 million ($31.3 million). CMA Logistics plans to offer 55 million shares to professional211 words
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COMPANY BRIEFS
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Article26 2006-02-18 8 FIBRECHEM Technologies' Q4 net profit jumped 149 per centyear-on-year to HK$62.8 million (S$13.2 million). Revenue rose 72 per cent to HK$229.7 million.26 words
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Article42 2006-02-18 8 SELECT Catering Services yesterday warned that it may not be profitable in the six months to Dec 31,2005. Overseas operations in China did not perform as expected. Select also expects to provide for impairment loss relating to its properties.42 words
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Article41 2006-02-18 8 MANDARIN Oriental International's wholly owned Madison Avenue Hotel Partners Limited Partnership has completed the sale of its 100 per cent leasehold interest in The Mark, New York, for US$l5O million. The post-tax gain is about US$35 million.41 words
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Article34 2006-02-18 8 YEO Hiap Seng is expecting a net loss for its fourth quarter and financial year ended Dec 31,2005. Its China subsidiaries faced larger than expected losses in 2005, it said.34 words
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Article32 2006-02-18 8 ASIA Environment reported a 141 per cent jump in profit to 31.18 million yuan (556.3 million) for 2005. Turnover jumped 186 per cent to 224.75 million yuan.32 words
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Article31 2006-02-18 8 MCL Land's net profit fell 44 per cent to US$29.l million for 2005. It has proposed a first and final dividend of 6 cents per share.31 words
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270 2006-02-18 8 CONRAD TAN - By CONRAD TAN TROUBLED air cargo logistics firm Airocean and aircraft engineering company A-Sonic Aerospace issued simultaneous requests for trading halts yesterday, fuelling market speculation that the two may merge. But, as it turned out, separate announcements last night showed that ASonic270 words
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Article, Illustration459 2006-02-18 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent IT would be difficult to avoid cliches when describing the week just past. "The market ran out of steam", "traders withdrew to the sidelines", "stocks alternated between bargain-hunting and profittaking" and "investors took their cues from overseas459 words
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PERSONAL INVESTMENT
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Article, Illustration955 2006-02-18 9 SIOW LI SEN - Compiled by SIOW LI SEN DBS Group Holdings Feb 17 dose $1630 CAZBtOVE, Feb 17 HEADLINE Q4 2005 net profit (before exceptional and goodwill) of $384 million (-14 per cent quarter on quarter or q-o-q) came in 13.7 per cent below our forecasts. This was largely due to higherSource: Bloomberg - 955 words
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Article953 2006-02-18 9 For week beginning Feb 13 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS SubuntM lay No of Prko SHAREHOLDING Trans Shareholder/ Sofl Shares Por Before After Stock Date Direct of Con* 'BOO Shr S (000) OOP) Hartford 16-Feb-06 Chew Hua Seng Sell 3520 0.71 3520 2.93 0 0.00 LowKengHuat 16-Feb-06 Low953 words
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Article, Illustration1386 2006-02-18 9 TEH HOOI LING - SHOW ME THE MONEY In the past, they formed only a small part of investors' portfolios, but this is changing TEH HOOI LING Senior Correspondent INVESTMENT port- folios have traditionally avoided commodities but this is begjnning to change. K In recentCompiled by BT - 1,386 words
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SINGAPORE NEWS
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Article, Illustration491 2006-02-18 10 CHUANG PECK MING - Both electronics and non-electronics shipments rise further By CHUANG PECK MING SINGAPORE'S exports got off to a good start this year, with key non-oil domestic exports rising a strong 18 per cent year-on-year in January to $13.5 billion. Despite a surprisingly sharpSource: IE S'pore; AFP - 491 words
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Article, Illustration347 2006-02-18 10 CHEN HUIFEN - YESTERDAY IN PARLIAMENT Reports by CHEN HUIFEN SINGAPORE is still waiting for an official response to a note it sent to Malaysia, seeking clarification on Malaysia's position on a halfbridge proposal as reported in the media late last month. "In view of this and oth-AFP - 347 words
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284 2006-02-18 10 THE regulators should not be held responsible for failings at the old National Kidney Foundation (NKF), said Health Minister Khaw Boon Wan, as the crux of the problem did not lie with them. "Regulators will tighten rules where appropriate, but no amount of284 words
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168 2006-02-18 10 THE Registers of Electors for all 23 constituencies have been certified and can be inspected at the Elections Department or any of the 104 inspection centres in Singapore, the Elections Department said yesterday. 'The registers which list eligible voters will be used for the168 words
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317 2006-02-18 10 [HONG KONG] Sino Land, the sister company of Ng Teng Fong's Singapore unlisted property giant Far East Organization, is considering bundling lower-growth assets such as car parks into its investment properties portfolio, in a move that investors fear stretches the317 words
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260 2006-02-18 10 THE courts have found another business person guilty of evading the Goods and Services Tax (GST). Quah Ee Beng, the sole proprietor of Renny Thong Trading, a general wholesale trading company, was found guilty on six counts of tax evasion yesterday. Quah was sentenced260 words
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Article, Illustration64 2006-02-18 10 IN the "Key indicators" graphics that accompanied reports from the 2005 Economic Survey of Singapore (BT, Feb 17, Page 4). the "Share of GDP" pie chart omitted a residua] "Others" wedge. This wedge comprises utilities, ownership of dwellings, and other goods and services industries that add up to about64 words
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Page 10 Advertisements
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Advertisement12 2006-02-18 10 y1 I I t .fBtSKB* w I 9 s Details in magazine*12 words
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SPORTS BUSINESS
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Article, Illustration2167 2006-02-18 11 NANDE KHIN - The Sports Hub is so much more; it is designed to be an integrated sports, entertainment and lifestyle hub, says NANDE KHIN NANDE KHIN COME 2011, the completion of a national and architectural icon is expected to change the skyline of Singapore. The start of2,167 words
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Advertisement35 2006-02-18 11 \W\ Singapore Sports Council The Singapore Sports Council (SSQ is Singapore's lead government agency for sports development It is the key driver behind initiatives to promote the sports industry, sports participation and sports excellence. _S >—35 words
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MALAYSIA
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Article, Illustration515 2006-02-18 12 S JAYASANKARAN - SBB displeased, claims merger notice breaches takeover laws By S JAYASANKARAN in Kuala Lumpur PUSH is rapidly coming to shove for Tan Teong Hean, the embattled chieftain of Southern Bank Bhd (SBB). In a statement late on Thursday, the board ofBLOOMBERG - 515 words
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BRIEFLY ASIA
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86 2006-02-18 12 Reuters [BEIJING] China and Iran could sign a multi-billion dollar agreement on developing a major oilfield in Iran as early as next month, the semi-official Caijing Magazine said on its website. The magazine cited Mu Shilling, an executive at Sinopec Corp, as saying a delegationReuters - 86 words
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68 2006-02-18 12 AFP [TAIPEI] American International Group (AIG) will acquire a 52 per cent stake in Taiwan's Central Insurance Co through a stock swap valued at NT$3.l billion (Ssl 56 million). A spokesman for Central Insurance major shareholder Polaris Securities Group said AIG would acquireAFP - 68 words
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84 2006-02-18 12 Bloomberg [SINGAPORE/MUMBAI] The Tata Group, India's biggest business grouping by market value, is seeking to resolve differences with Bangladesh over the price of gas, on which depends about US$2 billion of investment. "We have areas of difference with the government ofBloomberg - 84 words
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64 2006-02-18 12 Reuters [KUALA LUMP 1 Tl] Malaysia is under no immediate pressure to raise interest rates again and even if there is an increase at some stage, it won't be large, a minister said yesterday, bond market jitters about a rise. Bank Negara, the centralReuters - 64 words
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71 2006-02-18 12 Bloomberg [SHANGHAI] China's stock market regulator closed 17 brokerages last year, more than 10 per cent of the total, in an effort to clean up the money-losing industry. Xing An Securities Co, based in Harbin, was the last to be shut in 2005Bloomberg - 71 words
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53 2006-02-18 12 AFP [HONG KONG] Hong Kong's unemployment rate fell to a 52-month low in the three months to January 2006 coming in at 5.2 per cent, official figures showed yesterday. This was compared with the unemployment rate of 5.3 per cent in three monthsAFP - 53 words
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170 2006-02-18 12 Bernama [NEW DELHI] Malaysia's national car maker, Perusahaan Otomobil Nasional Bhd (Proton) has revived its interest in India. Proton, which had announced its intention to come to India in collaboration with India's Hindustan Motors (HM), but backed off in mid-2003, has initiated contactBernama - 170 words
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Article5040 2006-02-18 12 Transaction date: Feb 17 S3 wk Td Lact Vol Day Lot Quota Grt*» Dfcr GrtH Not MCaa H&flom CodQ Coiwp—y Sol. *1- (DM> H» Ko -wr S*r Cvr «t >3 6.5 2 5716 1st Software Sc 2.5 -05 MO 2.5 2.5 2.5 3 20 6 3148 STelecom US2C5,040 words
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INDONESIA
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Article, Illustration280 2006-02-18 13 Bank says growth could hit 6-7% if Jakarta sustains structural reforms Reuters [WASHINGTON] Indonesia is poised for sustained economic recovery and faster growth if it can tackle unfinished structural reforms, a senior International Monetary Fund (IMF) official said on Thursday. "Indonesia has a pretty positiveReuters; REUTERS - 280 words
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198 2006-02-18 13 [JAKARTA] The government is planning a new policy package that aims to improve the domestic investment climate, according to Coordinating Minister for the Economy Boediono, the Jakarta Post reported yesterday. He said that higher investment was crucial to help boost economic growth and create198 words
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Article5556 2006-02-18 13 Transaction Date: Feb 17 MOST ACTIVE STOCKS VOLUME VALUE (S) MediaRino 10c 43.204.000 DBS Grp 165,948,950 Revounq US7.5c Z9.616.000 CaoitaLand 60,700,320 Star Pharm 25.786.000 UOB 58,743,990 Ferrochina 12c 25.431.000 Keooel Corp 50c 49.459.000 Celestial US6c 18.913.000 CitvPev 50c 44,227,900 DBS DB eCW*****3 17.825.000 Hvflux 5c 30.528.680 DBS M8L eCW*****85,556 words
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GREATER CHINA
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Article, Illustration446 2006-02-18 14 His wealth increased by US$7b in 14 months to US$19.7b [HONG KONG] Asia's richest man, Li Ka-shing, has seen his wealth soar to US$l9.7 billion up US$7 billion over the past 14 months widening the gap between him and Hong Kong'sSource: Fr Asia - 446 words
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176 2006-02-18 14 Reuters [LONDON! Chinese carmaker Nanjing Automobile is in advanced talks with British businessman David James over the sale of its MG Rover brand, the Times newspaper reported yesterday. Mr James wants to use the name for a two-seater car based onReuters - 176 words
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163 2006-02-18 14 Reuters [BEIJING] Chinese firms are entering a phase of low profits as overcapacity and increasing costs of energy, social services and safety measures eat into margins, a government think-tank said yesterday. The economic forecasting division of the State Information Centre says in a report publishedReuters - 163 words
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222 2006-02-18 14 Taiwan tops with 89% increase in stressed business owners, study shows Reuters [LONDON] China's booming economy has pushed the country to the No. 2 spot in the world for stressed business owners, a Grant Thornton study showed yesterday. China notched a thirdReuters - 222 words
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237 2006-02-18 14 [HONG KONG] Regal Hotels International Holdings, a mid-sized Hong Kong-listed hotel owner, plans to raise at least HK$4 billion (SsB42 million) by selling units in a real estate investment trust in Hong Kong as early as the first half, The Standard237 words
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Article2362 2006-02-18 14 VOL NUT 1 W- (HH ASMReatty 1.40 unth 2 Abric 032 unch 18 ACPmduOriB 0.75 0.02 2589 Advance Synergy 02S -OjOI 153 Adventa JO JO unch 339 AihUU .0.38 unch 571 Affin Hldgs 1*1 143 Ahmad Zaki Res 1-29 0.01 25 AlCCorp 1.11 unch 7 Air Asia 1.782,362 words
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Page 14 Advertisements
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Advertisement2324 2006-02-18 14 :»at^ Q& NOTICES BUY IT SELL tT FiNO IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MCL LAND (CHANGI) PTE LTD (In Members' Voluntary Liquidation) Company Registration No: *****2137E NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of the Company held at 782,324 words
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INDIA
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Article, Illustration457 2006-02-18 15 ARCELOR BID Arcelor ups dividend, says its results would help in battle with Mittal IHT [PARIS] Arcelor management appears to be softening its stance against the hostile takeover bid from Mittal Steel, saying it remained open to considering an all-cash bidIHT; AFP - 457 words
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330 2006-02-18 15 Most of 200 surveyed want New Delhi to take up issue with European govts Reuters (NEW DELHI] Indian corporate bosses are appalled by the resistance put up by France and other European nations to a bid by Mittal Steel for Luxembourg-based Arcelor, branding it xenophobic,Reuters - 330 words
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174 2006-02-18 15 Bloomberg [MUMBAI] State Bank of India, the nation's biggest commercial bank, and 26 other state-run lenders face the threat of workers walking off their jobs for a day, demanding the hiring of relatives of dead workers. Almost a million employees of theseBloomberg - 174 words
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Article5782 2006-02-18 15 UNIT TRUSTS FUNDS AM Amro Mat Mgt (S'por*) Star Eixope Eq()rl** 0J94/ Star Europe Bond 1.168/ Star Europe Sal 1.148/ Star Asian Tiger Eqty 1.1® Star As<a Bond 1311/ Star Asia Balanced *****/ Star Global Technology Fund!" ***** Mult) St Fd 1j053/ Star Asia BondfUSO) (1804/ Gfc Multi St USD5,782 words
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Page 15 Advertisements
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Advertisement24 2006-02-18 15 AllianzGl Global High Payout Fund rated 4 stars Allianz (jfi) by Mercer Investment Consulting. Visit OCBC Bank for details. ciobaiinvestors J rejin no IWX)7l(i')724 words
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ASIA-PACIFIC/WORLD
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638 2006-02-18 16 ANTHONY ROWLEY - But stocks dive 2% as new turn in Livedoor scandal could hit Koizumi By ANTHONY ROWLEY in Tokyo JAPAN'S economy went into high gear in the final quarter of last year, expanding at an annualised rate of 5.5 per cent. With domestic638 words
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374 2006-02-18 16 Reuters [BOCA RATON, Florida] Chief executives of large US multinational companies are more optimistic about the business outlook over the next six months, and more corporate leaders expect to increase hiring this year, according to a survey released on Thursday. CEOs also expectReuters - 374 words
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346 2006-02-18 16 AP [SAN JOSE] Apple Computer Inc has resorted to a poetic broadside in the inevitable cat-and-mouse game between hackers and high-tech companies. The maker of Macintosh computers had anticipated that hackers would try to crack its new OS X operating system builtAP - 346 words
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Article, Illustration320 2006-02-18 16 AFP. AP [WASHINGTON] A Dubaibased company's deal to gain control of six major US ports has sparked a storm of criticism from US lawmakers and others who question whether security would be compromised. On Thursday, seven US lawmakers calledAFP.; AP; FILE PHOTO - 320 words
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Article, Illustration543 2006-02-18 16 Bloomberg. Reuters [WASHINGTON] Federal Reserve chairman Ben Bernanke said the US economy will show a "significant" recovery this quarter and called on China to make its currency more flexible. "It appears that the first quarter will see a significant rebound from the fourthBloomberg.; Reuters; AP - 543 words
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397 2006-02-18 16 Parents need to spend £43 .056 to raise a child in UK Study finds kids costing the most at 16 years of age AFP [LONDON! British couples planning to have a child should make a trip to the bank manager as well as to a doctor, according to a newAFP - 397 words
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WORLD WATCH
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83 2006-02-18 16 AP. Reuters [WASHINGTON! The US Labor Department reported that wholesale inflation rose by 0.3 per cent in January, just half the 0.6 per cent surge in December, reflecting a calming of energy prices. A big drop in petrol costs helped to offsetAP.; Reuters - 83 words
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72 2006-02-18 16 Bloomberg [BANGKOK] A group of Thai senators who failed to get Thailand's Constitutional Court to probe Prime Minister Thaksin Shinawatra's business interests will not pursue the case, according to one of the elected representatives. The opposition Democrat Party, meanwhile, said it would tryBloomberg - 72 words
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91 2006-02-18 16 Bloomberg [SAN FRANCISCO] Dell Inc, the world's largest maker of personal computers, said fourth quarter profit rose 52 per cent as PC shipments picked up during the holidays. Net income rose to US$l.Ol billion, or 43 US cents a share, from US$667Bloomberg - 91 words
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77 2006-02-18 16 Reuters [TOKYO] Shares in Toyota Motor Corp hit a record high yesterday, sending the carmaker's market value above US$2OO billion more than that of US retail giant Wal-Mart Stores and analysts said the issue could keep rising as profits look to growReuters - 77 words
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Page 16 Advertisements
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Advertisement27 2006-02-18 16 liTiJl Lianhe Zaobao I Straco's I I/^v—~ .iB iiMyroajifn I I development I I inXi'an I I il|i I I I I ®»8S I I I y27 words
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MOTORING
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Article, Illustration870 2006-02-18 17 SAMUEL EE - DRIVING STYLE Taxi operator Johnny Haijantho tells SAMUEL EE why he runs his cars on compressed natural gas SAMUEL EE JOHNNY Harjantho remembers how 30 years ago, when as a teenager he first moved to Jakarta from his hometown of Medan, he used to tie a handkerchiefARTHUR LEE - 870 words
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Article, Illustration441 2006-02-18 17 SAMUEL EE - By SAMUEL EE UNTIL now, most of us go to a car showroom for only two reasons to buy a new car and/or badger the salesman for an early delivery date. But not anymore. From this weekend, some of us may go to a carARTHUR LEE - 441 words
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Article, Illustration423 2006-02-18 17 C Y CHEW - By C Y CHEW THE grin on my face widens as the narrow coastal road we are driving on twists and undulates up the mountain. Body roll is well controlled, and the steering is faithfully relating the damp condition underfoot. No, this is notCY CHEW - 423 words
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GOLF
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Article, Illustration1082 2006-02-18 18 JUSTINE MOSS - For coaches, membership comes with advantages and obligations. JUSTINE MOSS looks at what's available in Singapore JUSTINE MOSS WHILE many professional golfers belong to their country's leading professional golf association, such as the US Professional Golf Association, the Ladies' Professional Golf Association (LPGA), or theFILE PHOTO - 1,082 words
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Page 18 Advertisements
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Advertisement271 2006-02-18 18 wine&dine with weekendßT Cafebiz Traders Hotel Lobby Level. Tel: 6831 4374 Cafebiz offers exotic Asian and local cuisine as well as tempting selections of global culinary delights for buffet and a la carte dining. Expect a show kitchen with Chinese traditional "hand-made" noodles or "La-Mian", Tandoori (fishes and Chinese-style roasted271 words
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Advertisement555 2006-02-18 18 Grand Tower Level 2. TeL *****286M8 J Come tip flamboyant interpretations of 10 of the workf s most popular cocktails as you eat-drink-dtiU -mingle In 'ii|f Sjj^jjjjS^ Millennium ft Copthorne International Copthorne Orchid Hotel Singapore, 214Dvnearn Road; Chrtmd Copthorne Exclusively for Diners Club cardmembers: 15 per dent off total bill555 words
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Advertisement274 2006-02-18 18 to 230pm. High Tea: Sat Sun and public holidays, 1230pm to spm. Owner daily 630pm to 1030pm. Raffles Marina *3 li •?:v WTuasWestDriv9.TeL6B6922BB Sink your teeth into our selection of crispy butter king prawns Szechuan-styie or wok-baked king prawns with blade pepper. Available for lunch andrfinner at $4+++ a piece.274 words
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WELLNESS
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Article, Illustration871 2006-02-18 19 CHEAH UI-HOON - Kinesis is the only physiotherapy centre that is set within a gym and spa environment, says CHEAH UI-HOON CHEAH UI-HOON A VISIT to a physiotherapist tends to be a rather clinical experience, or a posttraumatic one, but it doesn't have to be. Not at Kinesis,871 words
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Page 19 Advertisements
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Advertisement288 2006-02-18 19 still get a headstart Get up to speed even before you step into the office. Read ollhe latest finontiol I news, insights and andyses in the comfort of your home. Invest in a 12-morith I jgpjL subscription of The Business Times at $225.25* (usual $265) and reap the I The288 words
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Page 19 Miscellaneous
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Miscellaneous293 2006-02-18 19 CRYPTIC CROSSWORD without hesitation (6) ACROSS 6 Starts off this month with 1 Inferior newspaper that's a bit wickets, for example (10) old fashioned (6,3,5) 7 storm into the final, getting 9ln France you get marine rice m ,0 JK&SW&" 8 spw is on the n*nuto 12 Heads get shock293 words
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SHOPPING
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Article, Illustration1209 2006-02-18 20 CHEAH UI-HOON - New whitening products are coming out next month. CHEAH UI-HOON checks them out CHEAH UI-HOON FOR those looking forward to the next big thing in skincare, March is the month to be fair as cosmetic counters overflow with a new generation of whitening products. Gone are1,209 words
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Article, Illustration1004 2006-02-18 20 CHEAH UI-HOON - CHEAH UI-HOON steps into Asia's first Samsonite Black Label boutique here CHEAH UI-HOON DESIGNER travel solutions move up a platform in Singapore with the opening of the first Samsonite Black Label boutique here. That would be the leading luggage company's third such boutique in the1,004 words
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IN STORE at the malls
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Article, Illustration75 2006-02-18 20 IF the Chinese New Year hype evoked any oriental sentiments in you, consider adding this authentic piece of furniture in your home or office. This yellow elm oval table is a classic mid-Qing piece from the Shanxi province and measures LI 20xH78cm. Priced at $2,900, it is75 words
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Article, Illustration77 2006-02-18 20 IF you like making fashion statements, use a travel bag that doesn't look like your everyday travel bag. That it is from Mont Blanc would be the exclamation mark after the statement. This hold-all bag (52x32x30) is part of Mont Blanc's Night Flight Wheel Range: a roomy77 words
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Article, Illustration123 2006-02-18 20 MICHAEL CHUA - Compiled by MICHAEL CHUA HERE'S a suite of integrated security tools designed to protect users from an array of online threats. Symantec's Norton Internet Security 2006 combines the latest versions of Norton Antivirus, which includes new anti-spyware capabilities. Norton Personal Firewall, Norton Privacy Control, Norton Parental Control,123 words
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DESIGN
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Article, Illustration1448 2006-02-18 21 GEOFFREY EU - GEOFFREY EU visits the Stockholm Furniture Fair where he discovers there is more to Swedish furniture than Ikea GEOFFREY EU JUST as there's much more to Sweden than Volvo, ice hockey, pickled herring and the notion that blondes named Sven or Ingrid have more fun,1,448 words
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THE BUSINESS TIMES weekend
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Article, Illustration1220 2006-02-18 22 GEOFFREY EU - If you think that Swedish cuisine starts and ends with the smorgasbord, well, GEOFFREY EU begs to differ GEOFFREY EU FOR anyone who reckons that the term Swedish meatball refers to Bjorn, the beefy bearded guy from Abba, here's a news alert: those spheres of groundGEOFFREY EU; YEN MENG JIIN - 1,220 words
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Article, Illustration926 2006-02-18 22 GEOFFREY EU - GEOFFREY EU meets a baker who is passionate about his profession GEOFFREY EU DAN LEPARD knows about dough. He may have had his ups and downs, so to speak, as a professional chef but he has found his calling as an artisanal baker, a niche926 words
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Page 22 Advertisements
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Advertisement7 2006-02-18 22 DESIGN Swedish furniture isn't just Ikea PG2I7 words
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