The Business Times, 24 February 2006

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Total Pages: 32
1 32 The Business Times
  • 13 1 THE BUSINESS TIMES SINGAPuRTSScents online at http://btJsiness-times.asialxom.sg MICA (P) 089/03/2005 Friday, February 24,2006
    13 words
  • 628 1 Fine likely; no offences by PM, wife and daughter By OUR CORRESPONDENT in Bangkok THAI Prime Minister Thaksin Shinawatra's son, Panthongtae, breached three rules before the sale of his family's Shin Corp stake to Singapore's Temasek Holdings, Thailand's Securities and Exchange Commission (SEC)
    THE NATION FILE PHOTO  -  628 words
  • 626 1  -  By GENEVIEVE CUA [SINGAPORE] Investment in Asia-Pacific hedge funds has surged past US$lOO billion, as more and more United States institutions searching for "alpha" or excess returns turn their attention to new frontiers. Fund tracker Asia Hedge reckons hedge funds invested or located in
    626 words
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  • TOP STORIES
    • 596 2  -  S RAJARATNAM: 1915 2006 His legacy will live on, say Members of Parliament By CHUANG PECK MING [SINGAPORE] Tributes to former deputy prime minister Sinnathamby Rajaratnam, who died on Wednesday, continued to pour in yesterday. Senior Minister Goh Chok Tong and
      YEN MENG JIIN  -  596 words
    • 510 2 No harm done to S'pore-Aussie relations FOREIGN Affairs Minister George Yeo said yesterday that the Republic's relationship with Australia remains on solid ground, despite Canberra's decision to shut Singapore Airlines out of the trans-Pacific route. "We are naturally disappointed but we respect Australia's decision to protect Qantas." TOP
      510 words
    • 478 3  -  Canberra keen to explain its decision to S'pore govt, says Aussie minister By VEN SREENIVASAN [SINGAPORE] Singapore's relationship with Australia remains on solid ground despite the Australian Cabinet's ban on Singapore Airlines flying across the Pacific from Sydney, Singapore Foreign Affairs Minister George
      478 words
    • 133 3 sn 2,435.58 (+7.69) ST INDEX FUTURES (+7.00) siMsa ***** (40.73) SIMSa FUTURES 288.00 (+0.20) MARKETS Thursday Change KLSECOMP 927.51 +3.VI NIKKEI 225 16.096.10 +314.32 HANG SENG 15,812.53 +176.81 STTINKX 732.68 +4.M JAKARTA COMP 1,224.16 7.09 MANILA COMP 2,091.32 +23.44 SEOULCOMP 1,361.23 +20.65 SHENZHEN B 250.85 -0.71 MUMBAIIND 10,244.05
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    • 694 3  -  Suggestions include equalising taxes for institutions By LESLIE YEE [SINGAPORE] Reit players here would like to see better tax treatment to boost the sector particularly as competition is intensifying from Hong Kong and other Asian markets. While giving the thumbs-up to changes
      694 words
  • Page 2 Advertisements
    • 243 2 /K\ iijHHaj^k^i^^f^M in ■(^^■P iii '"<Mmi i—^P jgi r L. 1 M $888 TO RUSSIA'S COLOURFUL CAPITAL. From 1 March, Singapore Airlines flies direct to Moscow 3 times weekly. Discover its rich history and cultural heritage. From the world's grandest underground metro stations to stunning art performances, you will be
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  • Page 3 Advertisements
    • 31 3 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http:// business-times.asia1 .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
      31 words
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  • COMPANY NEWS
    • 456 4  -  By SIOW LI SEN STARHUB yesterday posted net profit of $73.3 million for fourth quarter 2005 from a net loss of $6.7 million for the corresponding period in 2004 and promised higher dividends and a review of its capital structure. Full-year
      456 words
    • 239 4 Bloomberg MEDIACORP Pte Ltd, Singapore's state-owned broadcaster, doesn't plan to sell shares in Star Hub Ltd, chairman Ho Kwon Ping said. "Right now, we've sold as much as we wanted to sell," he said in an interview in Hong Kong yesterday. "We will decide according to
      Bloomberg  -  239 words
    • 736 4  -  Group's full-year profit surges 18% to $1.7b; 40c final payout proposed Reports by LESLIE YEE UNITED Overseas Bank's net profit for the fourth quarter ended Dec 31, 2005, rose 15 per cent from $376 million a year ago to $432 million.
      736 words
    • 123 4 SEVENTY-SEVEN-YEAR-OLD bank chief Wee Cho Yaw has little thought of retiring. He said yesterday: "I think 1 have said many times that if my health permits me, I will continue to work. 1 think with my health condition, another five years should not be
      ARTHUR LEE  -  123 words
    • 438 4  -  By TEH HOOI LING COMMODITIES supplier Noble Group yesterday reported a 62 per cent plunge in its fourth-quarter net earnings to US$3O million, hit by lower margins on its iron ore business, lower freight volume and rates, as well as full provision for unspecified
      438 words
    • 698 4  -  HOCK LOCK SIEW By TEH HOOI LING COMMODITIES supplier Noble Group said in its full-year announcement yesterday that it has made full provision for losses incurred by unauthorised trades in aluminium by two of its traders. But nowhere in its 26-page financial statement and
      698 words
    • 273 6  -  Former centre manager pleads guilty to 4 charges of cheating By CONRAD TAN ANOTHER former Accord Customer Care Solutions (ACCS) employee was jailed yesterday for 20 weeks. Christine Cheng Wee Khim, a former centre manager at a Nokia Care Centre run by ACCS, yesterday pleaded guilty
      273 words
    • 242 6  -  By OH BOON PING SINGAPORE Technologies Engineering (ST Engg) is forging a partnership with aircraft maker Adam Aircraft Inc (AAI) to tap into the market for very light jet (VLJ) and twin-piston aircraft. Based on a letter of intent (LOI)
      FILE PHOTO  -  242 words
    • 192 6 Bloomberg [KUALA LUMPUR] CapitaLand plans to sell RMIIS million (5550.2 million) of asset-backed bonds in Malaysia, according to a report by Malaysian Rating Corp. Aragorn ABS Bhd. a unit created by Capita Land for the purpose, will sell the bonds to buy a
      Bloomberg  -  192 words
    • 164 6 Bloomberg [HONG KONG] Hongkong Land Holdings Ltd, one of the city's largest office landlords, said its profit fell 5 per cent in 2005 on lower property sales. The value of its real estate holdings surged. Underlying profit attributable to shareholders, which excludes property revaluations,
      Bloomberg  -  164 words
    • 100 6 Bloomberg [HONG KONG] Dairy Farm International Holdings Ltd, which runs supermarkets, drugstores and convenience shops across Asia, said 2005 profit fell 18 per cent as it sold a Malaysian real estate unit at a loss. Net income fell to US$2O5 million, or 15.34
      Bloomberg  -  100 words
    • 5655 6 UNIT TRUSTS FUNDS AM Aim fmtt Mgt (S'pore) Star Europe Eqtyl 0.911/ Star Euro** Bond 1.178/ Star Europe Bal 1.16V Star Asian Tiger EqQr I 1 Star Asia Bond 1.313/ Star Asia Balanced 1.077/ Star Global Technology Fundi" 021/ Mutti St fd 1.053/ Star Asia BondlUSO) 0.80V Gb Multi St
      5,655 words
    • COMPANY BRIEFS
      • 76 7 IN A bid to strengthen its competitive position in the j Hong Kong logistics real estate market, Mapletree Logistics Trust I (MapletreeLog) said it has 1 agreed to buy the 9th floor i of Ever Gain Building No. 3 in Hong Kong's Shatin for
        76 words
      • 61 7 DESPITE the closure of a resort and the impact of terrorism on its Bali properties, Hotel Properties reported a 47.6 per cent jump in its full-year net profit to $38.3 million. Turnover slipped 5 per cent to $304.2 million. Barring a bird flu pandemic
        61 words
      • 55 7 RIDING on a strong tourism sector, Amara Holdings posted a full-year net profit of $4.9 million, more than seven times the $667,000 it reported a year ago. Revenue jumped 38.2 per cent to $64 million, helped by both its property investment and development and
        55 words
      • 75 7 BOOSTED by rising production capacity, Celestial NutriFoods yesterday said its full-year net profit more than doubled to 281.0 million yuan (S$56.8 million), from 108.7 million yuan. For the 12 months ended Dec 31, sales surged 85.7 per cent to 802.6 million yuan. This year,
        75 words
      • 59 7 ADAMPAK yesterday announced its full-year net profit jumped 27.3 per cent to $5.9 million, helped by higher revenue and a better sales mix. For the year ended Dec 31, revenue went up 17.8 per centto $43.8 million. The group said it expects to
        59 words
      • 40 7 CHALLENGER Technologies said its net profit for the year ended Dec 31 went up 32 per cent year-on-year to $3.8 million. This was despite revenue inching up just 3 per cent to $77.5 million.
        40 words
      • 67 7 ELECTROTECH Investments yesterday reported a 25 per cent growth in net profit to $27.2 million. This was despite a 4.4 per cent drop in Q4 earnings to $6.4 million for the three months ended Dec 31. Revenue for the full-year edged up 9.8 per
        67 words
      • 57 7 KINGBOARD Copper Foil Holdings posted a 40 per cent jump in net profit to HK$147 million last year, on a turnover jump of 44 per centto HK$1.5 billion. The group said it will allocate more resources to improve its production techniques and product quality,
        57 words
      • 40 7 SARIN Technologies more than doubled its net profit last year to US$9.4 million, from US$4.5 million in 2004. For the 12 months ended Dec 31, revenue went up 60.9 per cent to US$30.3 million.
        40 words
      • 56 7 ZAGRO Asia said its net profit last year fell 17 per cent to $3.1 million, from $3.8 million the previous year. Turnover dropped 15 per cent to $85.2 million, as extreme dry weather and bird flu outbreak in many Asian markets affected its
        56 words
      • 52 7 SEATOWN Corp said the High Court of Singapore has extended its judicial management order for another six months to Aug 26. The judicial manager has also been given a further extension of time until July 26 to comply with the requirements in section 227M of the
        52 words
      • 66 7 LUZHOU Bio-chem Technology's initial public offering of 100 million new shares was 7.9 times subscribed. The public tranche of four million shares saw applications for over 694 million shares. As for the 96 million private placement shares, those that were successful in included Royal
        66 words
    • 480 7 IPO could make Vietcombank first overseas-listed Vietnamese firm Reuters [HONG KONG/HANOI] The state-run Bank for Foreign Trade of Vietnam, known as Vietcombank, is planning an initial public offering (IPO) that could make it the country's first overseaslisted company. "Firstly, we will do the IPO
      Reuters  -  480 words
    • 168 7  -  By AL LABITA in Manila BRISK shipbuilding and repair business involving foreign and domestic clients buoyed earnings of the listed Philippine unit of Singapore's Keppel Corp last year. In a statement yesterday to the Philippines Stock Exchange, Keppel Philippines Marine Inc (KPMI) said that after-tax
      168 words
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  • Page 5 Advertisements
    • 120 5 T" 1 customer value m m I I ~^B ——>--«■ MppapiH HI mBDHBRBI^H 1 H H u. rj H H ZZZZZZj HL 1 I I 4 International Commerce Centre, Hong Kong one of the world's tallest buildings will have longer elevator shafts than any existing building in the world. When
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  • SINGAPORE MARKETS
    • 510 8  -  STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index looks like it may be recoupling with Wall Street, at least judging by a recent trading pattern where movements in the US market are duplicated here the following day. In yesterday's session, for example, the index
      Source: Bloomberg  -  510 words
    • 739 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Feb 23 and earlier) Subsantial No of Price SHAREHOLDING Shareholder/ Buy/ Shares Per Before After Stock Tram Pate Director Sefl '000 Shr$ £000) COOP) Hotel Plaza 23-Feb-06 UOL Ltd Buy 60 na *****5 77.33 *****5 77.34 Fragrance 23-Feb-06 Lim Wan Looi
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    • 129 8 THE family behind fashion retailer FJ Benjamin Holdings has been buying up shares of the company from the open market recently. Director Frank Benjamin paid nearly $295,000 on Wednesday for 655,000 shares at 44.973 cents each. This raised his direct interest in FJ Benjamin to
      129 words
    • 63 8  -  By CHEN HUIFEN UNITED Overseas Land yesterday said it has raised its interest in subsidiary Hotel Plaza to 77.34 per cent through a purchase 0f60,000 shares in the open market. The total consideration was $67,800. Early this week, Hotel Plaza had reported
      63 words
    • Article, Illustration
      1013 8  -  Compiled by CHEN HUIFEN Advanced Holdings Feb 23 dose: $1.17 PHILLIP SECURITIES RESEARCH, Feb 23 REVENUES increased in all industries with petrochemical chemical and oil gas accounting for the larger increases in the value of contracts secured. The petrochemical chemical sector doubled its revenue to $26.5 million, from $13.3
      Source: Bloomberg  -  1,013 words
    • 520 8  -  CURRENCIES LARRY WEE Senior Correspondent THE Japanese yen spiked sharply higher in Asian trading yesterday on remarks attributed to the Bank of Japan, triggering gains elsewhere in Asia against the US dollar. Following a New York close of 118.5 yen on Wednesday night,
      Source: Reuters  -  520 words

  • Page 9 Advertisements
    • 354 9 Comfort is a beautiful thing Anticipation la a beautiful thing You'll travel first-class when you're Designed in collaboration with renowned in a Volvo. Acclaimed worldwide. specialist designer Pininfarina. for comfort so cou P* mor P hs you'll actually arrive feeling better cabrlol t the than when you set off. can't
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  • SINGAPORE NEWS
    • 550 10  -  Led by the country's President it follows another group from China this week By CHUANG PECK MING JUST days after the Chinese came knocking, another foreign business delegation arrived in town yesterday to woo Singapore investors. The latest group is from the former
      CAROLINE CHIA/ST  -  550 words
    • SINGAPORE ROUNDUP
      • 81 10 THE consumer price index went up 1.7 per cent year-on-year in January to 101.1 points, driven by costlier food and higher electricity tariffs. Food prices, which have the biggest weighting in the index, went up 1.7 per cent as a result of
        81 words
      • 68 10 Bloomberg THE Singapore Tourism Board has signed a four-year alliance with Viacom-owned MTV and Nickelodeon to stage a series of events that it said would generate $100 million in tourism revenue. The events include the first MTV Asian Movie Awards and Nickelodeon Kids' Festival,
        Bloomberg  -  68 words
    • 199 10 JTC Corporation (JTC) and National Parks Board (NParks) have jointly launched the first public park in Singapore to allow wireless Internet connections one-north Park at North Buona Vista Road. This feature is part of the 3ha first phase of onenorth Park.
      199 words
    • 263 10 LION Capital Management took home the biggest haul of performance awards yesterday at The Edge-Lip-per Singapore Fund Awards, including a citation as the best mixed fund group over three years. Lion Capital won a total of seven awards and Fidelity Fund
      ARTHUR LEE  -  263 words
    • 601 10  -  By KALPANA RASHIWALA AFTER announcing the sale of its Old Holland Rd property yesterday for $29.8 million, Singapore Telecom is expected to put its Dunearn Road training centre on the market soon for about $95 million. The centre, next to Raffles
      601 words
    • 434 10  -  By ALEXANDRA HO HONG Kong-based developer Cheung Kong Holdings is resuming sales of its Cairnhill Crest project, with a launch planned next month. Property consultants say a three-bedroom unit that went for $2,045 per square foot in January was a recent high. A
      434 words
    • 631 10  -  BECKKETT v DEUTSCHE BANK-DSM And defence questions ex-Adaro commissioner By WONG WEI KONG DEUTSCHE Bank yesterday lost its appeal against earlier court orders to disclose documents related to the valuation of shares in Indonesia's biggest coal mine, PT Adaro Indonesia. The wrangling over the release
      631 words

  • Page 11 Advertisements
    • 1721 11 Results o 5 noble Year ended 31 December 2005 group The Global Supply ChfliH (Incorporated in Bermuda with limited liability) Financial highlights Year ended Year ended 31 December 2005 31 December 2004 SGD'OOO SGD'OOO (restated) Turnover Increased By Turnover 19,438,508 14,336,220 r\/ Profit from operating activities 421,704 523,283 jr) /r\
      1,721 words

  • ECONOMY WATCH
    • 648 12  -  Trade gap with China grows to a record US$28b in 2005 B Y ANTHONY ROWLEY in Tokyo JAPAN suffered its first monthly trade deficit in five years last month as demand for its exports softened, especially in China and other Asian markets. While
      AP  -  648 words
    • 495 12 Bloomberg [SYDNEY] The yen gained against the US dollar and euro after Bank of Japan governor Toshihiko Fukui suggested policy makers are preparing to end their five-year stance of keeping interest rates at almost zero to fight deflation. Core consumer prices will
      Bloomberg; REUTERS  -  495 words
    • 512 12 Bloomberg [LONDON] Foreign investors, who scaled back purchases of Treasury debt in December, are likely to increase their holdings as rising interest rates boost the allure of US government securities. A JPMorgan Chase Co survey of clients on Feb 17 showed the number of
      Bloomberg  -  512 words
    • 115 12 Bloomberg [MOSCOW] Russia received U5553.7 billion of investment last year, a 32 per cent increase from 2004, the Federal Service of State Statistics said on Wednesday in an emailed statement. Foreign direct investment rose 39 per cent to US$l3.l billion and
      Bloomberg  -  115 words
  • Page 12 Advertisements
    • 1290 12 >AT^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg l BANK OF NEW ZEALAND ggg Annual Report For The Year Ended 30 September 2005 BANK OF NEW ZEALAND AND SUBSIDIARY COMPANIES STATEMENT OF FINANCIAL POSITION As at 30 September 2005 Consolidated 30/9/05 30/9/04 $M $M Assets Cash and call balances with central
      1,290 words

  • MALAYSIA/INDONESIA
    • 893 13  -  But country needs to shore up investor confidence to vie with India, China By SHOEB KAGDA in Jakarta INDONESIA is moving in the right direction with the economy having stabilised and beginning to pick up but the country has to move quickly to
      LIANHE ZAOBAO  -  893 words
    • 2399 13 Kb 23 KM *1- fWM ASM Realty 1.41 0.01. k Abric .031 unch f7 ACP Industries 0.70 -0.01 6» Advance Synergy 0.17 unch 313 Adventa 0-29 unch 55 AE Multi .0.36 -0.01 *8 Affin Hldgs 1.62 -0.01 $42 Ahmad Zaki Res 1.38 0.02 39 AlCCorp 1.04 unch 16
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    • 255 13 [KUALA LUMPUR] Bank Negara's raising of the overnight policy rate (OPR) by 25 basis points to 3.25 per cent on Wednesday is seen as an indication that the central bank is keen to stem rising inflation, and that economic growth
      255 words
    • 324 13 Bernama, AP [SEREMBAN] Prime Minister Abdullah Ahmad Badawi said yesterday he would wait for a report of the Internal Security Ministry before commenting on the action to be taken against the New Straits Times (NST) newspaper over a cartoon published by it that
      Bernama,; AP  -  324 words
    • 81 13 Reuters [KUALA LUMPUR] Malaysian takeover target Southern Bank Bhd urged shareholders yesterday not to rush into a fire sale of the business and accept a hostile US$l.7 billion bid by rival BumiputraCommerce Holdings Bhd. Southern management has rejected the offer as too low, but
      Reuters  -  81 words
  • Page 13 Advertisements
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      421 words

  • GREATER CHINA
    • 380 14 But in short-term, focus will be on domestic business, says top executive Reuters [HONG KONG] China Construction Bank, the country's third-largest lender in which Singapore investment agency Temasek Holdings has a stake, said yesterday that it is keen to make acquisitions in Hong Kong and abroad
      Reuters; REUTERS  -  380 words
    • BRIEFLY ASIA
      • 75 14 Bloomberg [SHANGHAI] A group led by Societe Generate SA, France's third-largest bank, failed to persuade China's Cabinet to let it raise a U552.92 billion bid for Guangdong Development Bank to make the offer more competitive. Societe Generate joined with state-controlled Baosteel
        Bloomberg  -  75 words
      • 100 14 Reuters [KUALA LUMPUR] Malaysia's. state-run Employees Provident Fund yesterday said its gross income grew 11.5 per cent last year and it declared a higher dividend of 5.0 per cent. The country's biggest pension fund, with 11 million contributors, said its fund grew 9.7
        Reuters  -  100 words
      • 82 14 Bloomberg [BEIJING] SAIC Motor Co, China's second-biggest carmaker, said it plans to start making passenger cars under its own brand in the second half of this year as the government urges carmakers to develop their own technology. SAIC Motor Manufacturing Co,
        Bloomberg  -  82 words
      • 94 14 Reuters [KUALA LUMPUR] Malaysian property firm YTL Corp Bhd reported a trebling of half-year net profit yesterday, helped largely by its recent sate of properties into a real estate investment fund (Reit). YTL made net profit of RM1.043 billion (*****.3 million) for
        Reuters  -  94 words
      • 145 14 Bernama [PUTRAJAYA] The Court of Appeal will deliver its decision on March 1 on whether Metramac Corporation Sdn Bhd should be granted unconditional stay of the order made by the court last year restraining the company to dispose its assets up to
        Bernama  -  145 words
    • 268 14 Reuters [NEW DELHI] State-run Indian Oil Corp (IOC), the country's largest refiner, is in preliminary talks with Chinese firms to jointly purchase crude oil for the Asian giants, a top lOC official said yesterday. "We have held some discussions but this is
      Reuters  -  268 words
    • 514 14 [SHANGHAI] Chinese regulators are planning a policy change that could trip up foreign banks in China just when they are being granted fresh rights to expand, the Wall Street Journal Asia reported yesterday. Within the next few months, the China Banking Regulatory Commission
      514 words
  • Page 14 Advertisements
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  • INDIA
    • 369 15 BIRD FLU Bloomberg [NEW DELHI] India's federal health ministry said the country had no confirmed human cases of avian influenza as of 11.30 am local time yesterday, five days after the virus was detected in the poultry population in a western state. The
      Bloomberg  -  369 words
    • 600 15 Bull run spurs them to cash in on riskier investments Reuters [MUMBAI] Giby and two of his friends ventured into stock brokingin 1992 as many seasoned players were exiting the Indian market after it vas rocked by a share scan<jal. The three
      Reuters  -  600 words
    • 509 15 Move will allow France to defend its interests, says Finance Minister Reuters [PARIS] Mittal Steel said on Wednesday it would present the French government with the key aspects of its contentious US$22 billion offer for European rival Arcelor early next
      Reuters; AFP FILE PHOTO  -  509 words
  • Page 15 Advertisements
    • 169 15 How well do you really know your customers? f jf Sweetener x. Decaf Microsoft's revolutionary next generation CRM solution, Microsoft Dynamics 1 CRM 3.0 will be launched next week. L Date: 1 March 2006, Wednesday Time: 9am-12pm I V,C Venue: One Marina Boulevard, NTUC Centre, a r»d ateS M Microsoft
      169 words

  • ASIA-PACIFIC/WORLD
    • 634 16 Meanwhile, Dubai's DP World rules out selling ports in NY or 5 other US cities Bloomberg [WASHINGTON] President George W Bush and Treasury Secretary John Snow are struggling to explain why they didn't know until several days ago about a state-owned Dubai company's
      Bloomberg  -  634 words
    • 264 16 LATESTUS DATA tions." Reuters, Bloomberg, AP [WASHINGTON] The number of Americans filing initial c.aims for unemployment benefits unexpectedly fell 20,000 last week, a government report showed yesterday, in a further sign that the labour market is gaining strength. First-time claims for state unemployment aid dropped
      tions." — Reuters, Bloomberg, AP  -  264 words
    • 325 16 Bloomberg [MANILA] A decision by San Miguel Corp, the largest Philippine food and drinks company, to cancel a briefing in which it was expected to announce earnings "raises alarms" about the company, according to some analysts and investors. The San Miguel beer
      Bloomberg  -  325 words
    • 539 16 Reuters [LONDON] The merger spree sweeping Europe has frayed nerves among some investors in credit derivatives, whose untested indexes have seen surprising swings in valuations. Tranche trading on the iTraxx suite of indexes, set up last year to help build a market in default
      Reuters  -  539 words
    • 451 16 AFP [WASHINGTON] The Canadian manufacturer of the Blackßerry wireless e-mail handheld that made addicts of several million Americans, faces a court showdown today over a patent dispute which could cut its US service. It will be a day of reckoning not just for
      AFP; FILE PHOTO  -  451 words
    • WORLDWATCH
      • 80 16 Bloomberg [ATLANTA] MGM Mirage, the world's second-largest casino owner, which is bidding with Singapore real-estate developer Capita Land Ltd to build a casino resort in Singapore, said fourth quarter profit rose 31 per cent on strong gains in its non-gaming revenue including hotel lodging and
        Bloomberg  -  80 words
      • 89 16 Reuters [LONDON] HSBC Holdings is planning a shake-up of its investment banking operation following a personnel change at the head of the unit, a source said yesterday. Under the restructuring, which may be announced soon, Stuart Gulliver is expected to take over as sole head
        Reuters  -  89 words
      • 90 16 AFP [LONDON] British news and financial information giant Reuters yesterday reported its first annual rise in underlying revenue for four years. Reuters said that recurring revenue, which represented 93.0 per cent of revenue in 2005, rose one per cent to £2.24 billion (556.4 billion)
        AFP  -  90 words
      • 97 16 Bloomberg [NEW YORK] Bank of America Corp, the No 2 US bank, restated earnings for the past four years because it improperly accounted for hedges used to protect against movements in interest rates and foreign currencies. The changes added US$345 million in profit for the
        Bloomberg  -  97 words
      • 92 16 AP [BERLIN] The deadly HSNI strain of bird flu has been found in domestic birds for the first time in Germany, a state spokeswoman said yesterday. The virus was found in a small flock of domestic birds in the northern state of MecklenburgWestern Pomerania. Since
        AP  -  92 words
      • 48 16 Reuters [NEW YORK] Media firm Dow Jones Co unveiled a new organisational structure aimed at saving it US$B million annually. Dow Jones, publisher of The Wall Street Journal, said its new structure would be comprised of consumer media, enterprise media, and community media. —Reuters
        Reuters  -  48 words
  • Page 16 Advertisements
    • 752 16 NOTICES Toll free: 1800-289-8822 Email: noticesw'sph.com.sg RUY IT SELl IT IND IT IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 ED) AND IN THE MATTER OF MOBIL ASIA MARKETING PTE LTD (In Members' Voluntary Liquidation) (Company Reg. No. *****6765R) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that
      752 words
    • 149 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF YEO BROTHERS LAUNCH SERVICES PTE LTD (IN LIQUIDATION) Co Reg No. *****5538 D NOTICE OF MEETING TAKE NOTICE that a meeting of the creditors of the abovenamed Company will be held as follows: Date: 3rd March
      149 words

  • Page 17 Advertisements
    • 3296 17 :*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEAL SHIELDING PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****5783K NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at
      3,296 words

  • AVIATION
    • 584 18  -  Set out clear goals, ensure that each unit contributes to core operation By VEN SREENIVASAN [SINGAPORE] In an increasingly complex business environment, airlines need to be very focussed on each business unit to ensure that they contribute positively to the core airline
      YEN MENG JIIN  -  584 words
    • 940 18 Airlines add space, features as business travellers demand more NYT [NEW YORK] FOR almost a year, airlines have been rushing to add capacity to their trans-Atlantic routes, especially the one between New York and London. Why? That's where the money is at least in
      NYT; AFP  -  940 words
    • 475 18  -  By OH BOON PING [SINGAPORE] Dubai Aerospace Enterprise (DAE) has partnered six other companies to jointly bid for airport development and operations (ADO) projects in emerging markets like China, India and the Middle East. Under the agreement, DAE Airports a subsidiary of
      475 words
    • 248 18 Bloomberg [JAKARTA] PT Merpati Nusantara Airlines, struggling to turn profitable even after an investment by Indonesia's government, said it may let Singapore-based Tiger Airways Pte and three companies fly on some of its routes. Tiger Air, a low-fare carrier partly owned by
      Bloomberg  -  248 words
    • 512 18 an hi to wt n» —|g wi m 0BT5 Umm SflliS OTW ■"^aiai gBJ8 l»d«g MZWC HiO TO J! J! flHHSl 1 I! Ml AMI 4 Jofo 2 i5 CWcmo UAW5 2355 UAH6 0645 sss-* i<$ m >m 3i» Cochin T~"s053ti 181? rip i ii iii.
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  • TRANSPORT
    • 307 19 ASIAN AEROSPACE 2006 Global market for new aircraft could drop by half AFP [SINGAPORE] Last year's boom in the aviation industry could be followed by a bust, said an aviation consultancy. "Last year's boom in aircraft orders, which reached record levels, also suggest
      AFP  -  307 words
    • 436 19 AFP [SINGAPORE] Fast-rising Middle East carrier Qatar Airways was talking new planes and new routes yesterday, announcing plans for major new destinations and saying it is in negotiations to buy 20 new aircraft. The airline said it was in talks with both
      AFP  -  436 words
    • 281 19  -  By OH BOON PING [SINGAPORE] Embraer, which makes small commercial jets, foresees a demand for 7,950 aircraft of 30 to 120 seats over the next 20 years. The company valued the market at about US$lBO billion and said that the Asia-Pacific and
      281 words
    • 209 19 Bloomberg [SINGAPORE] PT Adam Skyconnection Airlines, an Indonesia-based budget carrier, said it has placed an order for 30 of the A 320 planes made by Airbus SAS to replace a fleet of 10-year-old 737 planes made by Boeing Co. The order, at U5566.5
      Bloomberg  -  209 words
    • 450 19  -  This is to ensure govt has up-to-date information on security plan By DONALD URQUHART [SINGAPORE] The US Coast Guard has entered the fray saying it will re-inspect all existing Peninsular Oriental Steam Navigation Co (P&O) port facilities in the US as
      AFP  -  450 words
    • 162 19 Reuters [OSLO] Norwegian shipping group Stolt-Nielsen reported an unexpected 6 per cent drop in fourth-quarter operating profit yesterday but said it was cautiously optimistic about the chemical tanker market in 2006. Results were dented partly by record high bunker fuel costs and partly
      Reuters  -  162 words
    • 705 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR A US appeals court has upheld a lower court decision that telecommunications and Internet services equipment on a luxury cruise ship are part of the ship's operational gear and would be subject to any enforceable maritime hen. Earlier
      705 words
    • 291 19 Reuters [ATHENS] Greek seamen yesterday called off a weekold strike that crippled the country's shipping and deprived hundreds of islands of basic necessities. "We are suspending the strike as of 6pm (1600 GMT) today in order to show our sensitivity towards the public, our
      Reuters  -  291 words
    • 288 19 SGX '000 Feb 23 Si W- Vol CH Offshore .039 0.01 152 ChuanHup .0.39 unch 1113 Cosco Corporation 122 0.01 5952 CWT Distribution .0.94 0.02 224 Ezra Hldgs 3.09 -0.01 145 FreightUnks 0.06 0.01 8205 Grand Banks Yacht 0.91 -0.02 21 Java Holdings 1.28 -0:03 280 K1 Venture
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  • EDITORIAL & OPINION
    • 530 20 EDITORIAL JAPAN'S economy has been recovering (with occasional brief interruptions) for four years, and the final quarter of 2005 saw growth surge to 5.5 per cent on an annualised basis. Such performance can hardly be sustained throughout the year but even so Japan is moving back
      530 words
    • 1071 20  -  Osaka and Shanghai exemplify the new dynamics in the relative positions of Japan and China By HOWARD W FRENCH IHT CALL it displacement, call it rise and fall, or trading places, or what have you: There is something hugely important
      IHT; REUTERS, BLOOMBERG  -  1,071 words
    • 779 20  -  THE BOTTOM LINE FRANK CHING THE United States, in a flurry of public statements, is signalling that it is shifting to a new, sterner phase in its economic dealings with China one in which it will focus on ensuring a
      779 words
    • 1360 21  -  German economic slump, dearth of children prompt toymaker Brandstaetter to look abroad By MARK LANDLER NYT in Zirndorf, Germany THE sturdy little pirates, policemen and farmers of the Playmobil toy series owe their existence to the oil crisis of the *****, which drove up
      NYT; AFP  -  1,360 words
    • 728 21 AFP WEALTHY housewife Dee thought nothing of spending more than US$2,OOO on two handbags at a major hotel in New Delhi, where high-end labels such as Louis Vuitton and Bulgari have set up shop. "In the past we had to travel abroad to
      AFP  -  728 words
    • 243 21  -  LETTERS TO THE EDITOR Tony Davis Tony Davis, CEO Tiger Airways Pte Ltd I HAVE followed the recent debate regarding the opening of the new Budget Terminal at Changi Airport with some interest. Thanks to the government's strategic vision, Singapore has one of the
      243 words

  • Page 21 Advertisements
    • 102 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterGsph.com.sg or write to: The Business Times,SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws.
      102 words

  • 10050 22 SGX MAINBOARP 52-Wk Tal last Vol Day Last Quote GrOrv Wv GrYld Nat MCap Higfc Low Coda Cawpawy Ml *t- COOP) law >g Sa«a> Cvr WE jJ 6 2 5716 1st Software Sc 2.5 -0.5 800 2.5 2.5 2.5 3 10.1 18.5 6 3148 STelecom US2c 7.5 unch
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  • Page 22 Advertisements
    • 32 22 Trade from 20% deposit (8 x leverage) on most stocks Go long or short Competitive financing rates In ail markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices
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  • 5954 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to tool out hi H la USS Sdy %yt <*y *yr *«y f«bU iod«» O<«og» Chary Owq* Chjr<j. Ch«n S 1005.6 05 37 0-5 2-1 <U 4.0 Preliminary 1012.7 03 *1 0J 2-7 0-2 46 iutqpe Preluwiaty 1388.0 05 62 0.4 57 03
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  • Page 24 Advertisements
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  • Page 25 Advertisements
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    • 1231 25 WY SIN I" hIgW IX KTH HIS VESSEL VOYplf Jiff SUB HKG USN PUS HY fHO6KESS IQ9S 2/3 4/3 »/3 11/3 13/3 15/3 IS/3 KMTC JAKAKTA 603S 26/2 1/3 2/3 7/3 11/3 12/3 HYHIDGE IMS 9/3 11/3 It/3 11/3 »/3 22/3 22/3 KMTC PUSAN tO3S 5/3 1/3 9/3 14/3 18/3
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    • 805 25 m ®<3zss& WEEKLY EXPRESS SAILING SCHEDULE ICD POINTS! VBStl I VOT I SIN [pjmW6|col(MMo|llSWy/> Icoiowo I I AUO MXBPTIN6 Fa TO COCMK TUTKOMN (VIA COUMM) MB KAMUt 60*1 (VU N StffVA) CONNKTMG MOTMB VttS TO EUMPf [FBIXSTOWI ROTTBtDAM.I HOIMG) AMD EAST COAST USA (NEW TOW. MOOTHFOUI OUmSTOM) AT N SHEVAj
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  • Page 26 Advertisements
    • 1727 26 VKSB VOY SM PGM vissa VOT sm JKT cy 2301 0243P 25/02 24/02 PAC HWTAM __2S/02__ _M/02_ -IACUMM 1674N 25/02 25/02 I PAC »ANDA 1675N 20/02 27/02 PACWTOM 0340 04/03 07/03 sstm 27/02 pi/03 ffiglL. £5 }kjg—s42l— JKJSBS mm am n m ffl =ns= y« jKiMM lam ua> |%jjL|_%j —jsf—
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    • 294 26 i BSA x MYANMA n FIVE STAR UNE (My—or Natiooal Um) Loading for Ymgoa VESSEL VOT SM Ptt KN PGU OM SHWI HAW WW SU> PAGAN 349W SU> IN MALAYSIA: ROUSTEAD SHIPPING AGENCIES KUI/PKL 03-300 SI 3M PEN: 04-2633*1 S MBKUk ACCEPTIH6 CONVENTIONAL C6O VESSa VOT KG SM n KM
      294 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8347 27 This ITA ETA AdvtrtiMr V«»l Voya** TMm SM D«r. Nam* Dm HMtwr M>.. SH 12 To ABIDJAN (ABJ) 2003 Cote D'lvoire 19 OS/03 06/04 Delmas DEIMAS BAUOtN 614W *****344 26 07/03 18/04 China Shpg CMACGM FORCE SX217W *****898 T< 14/03 10/04 Detmas VERONIQUE DEIMAS
      8,347 words

  • executive lifestyle
    • 2279 28  -  But even with a more optimistic buzz, it has not been good across the board. JAIME EE looks at the challenges JAIME EE ONE night at the newly renovated Saint Pierre, a heavily pregnant woman who showed up without a reservation was turned away by co-owner
      2,279 words
    • 684 28  -  By JAIME EE IF detractors thought that Les Amis had no life after Justin Quek, the group's chairman Desmond Lim can finally say that there is. For the year 2005, Les Amis turned in a profit, thanks to its team led by chef Gunther Hubrechsen and
      684 words

  • CINEMA/ARTS
    • 645 29  -  By GEOFFREY EU IT happened more than three decades ago, but there is a definite current affairs theme to Munich, the gripping and thought-pro-voking new movie from Steven Spielberg. The story about the slaying of Israeli athletes at the 1972 Munich Olympics and
      645 words
    • 333 29  -  ART By PARVATHI NAYAR FOLLOWING from last year's successful showing of Indian contemporary art, Singapore's top Indian fashion and lifestyle store Mumbai Se continues to set the trend with a second art show, focusing on paintings from the sub-continent. And the focus, really, is the
      333 words
    • 570 29  -  Philip Hoffman plays the role with precision and intelligence, says PARVATHI NAYAR PARVATHI NAYAR THE slightest wrong turn could have landed it in Chewing Up the Scenery territory, but Philip Seymour Hoffman displays complete mastery over the Truman Capote terrain. Between every affected pout and pose
      570 words
    • 476 29  -  By PARVATHI NAYAR NEWSPAPER obit writer Sarah Huttinger (Jennifer Aniston) feels a misfit. But rather than indulge in actual or retail therapy, she decides to go with her Instinct that she really isn't her father's daughter. This is silly enough material for a sitcom
      476 words
    • 599 29  -  ART By PARVATHI NAYAR CUBISM a term coined in 1908 by French art critic Louis Vauxcelles is an artistic style many of us relate to, bringing to mind Picasso and his paintings of fractured, analysed and reassembled images. What is sometimes not immediately
      599 words
  • Page 29 Miscellaneous
    • 234 29 CRYPTIC CROSSWORD across M m M m f u u u Live in the Azores, ideally (6) 4 Cops' raid bungled on and o" °l {8) K 1 1 I M II 9 Office Romeo, perhaps, ac- mm MB■■ cepts united resistance (6) 10 Bird's on fire with nothing on
      234 words

  • BOOKS
    • 566 30  -  WORDS FROM THE TOP Well-known neurosurgeon James Khoo shares with PARVATHI NAYAR how the mind can be expanded through books PARVATHI NAYAR Q: Have you always been interested in the brain and mind? A: I read William James' Psychology as a 13-year-old in Malaysia,
      566 words
    • 581 30  -  By UMA SHANKARI THE recent proliferation of non-fiction books seeking to expose the problems with the current American administration or to put it more plainly, Bush-bashing books cannot have escaped the attention of regular bookstore visitors. And the latest and perhaps the best of these
      581 words
    • Article, Illustration
      1054 30  -  PARVATHI NAYAR PARVATHI NAYAR looks at some mind-improvement books CAN'T find the keys, remember your spouse's birthday or get where you want to at work. You feel your thinking is slowing down, the brain just isn't working in top gear. You decide on a little bout of reading
      1,054 words

  • Page 31 Advertisements
    • 774 31 Cures IEHTI TV T 1 C 1 W gay I Modern Science igfißg Founded on a Medical Legacy of The Challenge for 3 Generations Total Wellness in Today s World With a family heritage steeped in r~~) O Like a com P' ex ancl finely-tuned medical innovation for over half
      774 words

  • 1852 32  -  Making Time With the Annual Watch Fairs in Switzerland almost around the corner once again, LARRY WEE quizzes four respected personalities from the local watch scene, confirmed watch lovers all of them: Wei Koh, editor-in-chief of watch magazine 'Revolution'; Ng Tjeng Jaw, watch forum moderator
    1,852 words
  • Page 32 Advertisements
    • 69 32 You never actually own a Patek Philippe. il PATEK PHILIPPE You merely Beginvo G u^ E lradlljon look after it for the next generation. Complicated by Patek Philippe EST? 1954 SINCERE fine watches SINGAPORE NGEE ANN CIIY TEL (65) 6733 0618 LUCKY PLAZA TEL (65) 6737 4593 SUNTEC CITY MALL
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    • 17 32 EST* 1954 SINCERE f i n watchts This series is brought to you by Sincere Fine Watches
      17 words