The Business Times, 7 March 2006
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2006-03-07
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The Business Times
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Title Section18 2006-03-07 1 THE BUSINESS TIMES SINGARSRTBS cents online at http://buaness-times.asia 1 .com.sg MICA (P) 099/03/2006 Tuesday, March 7,2006 nMMwatttt.* i18 words
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890 2006-03-07 1 CONRAD RAJ - Aussie buyer to run unit as a standalone business and retain most of its 3,000-odd staff By CONRAD RAJ [SINGAPORE] After weeks of speculation, SembCorp Industries (SCI) has finally decided to sell its 60 per cent stake in SembCorp Logistics to890 words
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Article147 2006-03-07 1 sn 2,51 LBB (+19.45) ST INDEX FUTURES 2.514.00 (+19.00) siMsa ***** (+2.53) SIMSCI FUTURES 298.30 (+2.10) MARKETS Monday Change KLSE COMP 914.92 -2.01 NIKKEI 225 15,901.16 +237.82 HANG SENG 15,811.83 +9.83 SET INDEX 750.81 -2.58 JAKARTA COMP 1,262.690 +1.425 MANILA COMP 2,148.32 +17.95 SEOUL COMP 1,344.76 +15.81 SHENZHEN147 words
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645 2006-03-07 1 DANIEL BUENAS - Plans for grants, loans and financial partnerships By DANIEL BUENAS [SINGAPORE] The government plans to set aside $3.9 billion over the next five years to help local enterprises grow, Trade and Industry Minister Lim Hng Kiang said yesterday. Of this, $900 million will645 words
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Page 1 Advertisements
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Advertisement71 2006-03-07 1 yj|k PROPERTY Simon Cheong pays $55m mjSk for Ibmlinson apartments KOI .EX >\W*- > J S fc IN THE HOURGLASS I A RAM II M AM' 111: o," > J l.'O R I I I I I k > 1 I I \IU API 111 p vMl I IV I'l71 words
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Advertisement10 2006-03-07 1 OFFICES One Phillip Street sold for $37.6 m PG 3010 words
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Advertisement102 2006-03-07 1 ANALYSIS Income gaps widen despite globalisation PG2I ■•v t j~■'<' 7\• ,i ■'i lii ilii'i I'iiiM 1 y •'< v* ~WM 1 R r I If I 1 I ASIA'S OSCAR MAN ARTISTIC acclaim once seemed a distant dream for this Oscar-winning director. Three decades ago, Ang Lee, 51, twice102 words
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TOP STORIES
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Article, Illustration721 2006-03-07 2 WONG WEI KONG - Witness accused of passing deal on to get job at CrimsonLogic By WONG WEI KONG [SINGAPORE] The corruption case against three top officials of governmentlinked IT solutions company Crimson Logic and its former legal counsel opened yesterday, with the court learning how theSHAHRIYA YAHAYA/ST - 721 words
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Article635 2006-03-07 2 Simon Cheong in $55m Tomlinson purchase SIMON Cheong of SC Global has bought 13 freehold apartments at The Tomlinson along Cuscaden Road for about $55 million or $1,500 per square foot, sources say. The units are the remaining apartments in the exclusive 29-unit block designed by Pei Cobb635 words
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676 2006-03-07 2 ANGELA TAN - HOCK LOCK SIEW Buyer will have immediate access to its cash balance of $300m By ANGELA TAN THE nagging question of how SembCorp Logistics (SembLog) will generate growth after ending its disappointing four-year alliance with Swiss freight company Kuehne Nagel in 2004 has finally been676 words
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Article, Illustration400 2006-03-07 3 KALPANA RASHIWALA - He pays about $1,500 psf for 13 apartments in the exclusive project By KALPANA RASHIWALA [SINGAPORE] Simon Cheong of SC Global has bought 13 freehold apartments at The Tomlinson along Cuscaden Road for about $55 million or $1,500 per square foot, sources say. TheARTHUR LEE - 400 words
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Article, Illustration549 2006-03-07 3 LESLIE YEE - He points to alliances in UK between banks and supermarts By LESLIE YEE [SINGAPORE] Retail banking contributes more than 50 per cent of the profits of many of the world's biggest banks, and its contribution to the profits of Singapore banks should549 words
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Advertisement38 2006-03-07 2 J* V Our heartiest congratulations to our valued client PT LIPPO KARAWACI Tbk. LiPPO On the recent successful completion of your U*****,000,000 Guaranteed Notes due 2011 Best Wishes ira Austria Raiffeisen Zentralbank Oesterreich AG (RZB-Austria) Singapore Branch r38 words
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Advertisement5 2006-03-07 2 people Corporate matchmakers. Www thepeopleatwork.com5 words
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Advertisement285 2006-03-07 3 IHI Hi HITACHI the Hitachi projectors will present you perfectly. Conducting dynamic business is never easy. You may be initiating groundmßß wt breaking research, identifying hard to spot opportunities, or even formulating ideas that could save your client small fortunes. —m ■> *s m 1 11 fr W But how285 words
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COMPANY NEWS
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949 2006-03-07 4 MATTHEW PHAN - The eight listed companies grew full-year net profits by 42.3% By MATTHEW PHAN A KISINU tide in demand for water-related engineering companies is lifting most, but not all, such businesses on the local bourse. In their last full fiscal year, the eight949 words
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166 2006-03-07 4 OFFSHORE support and marine services provider Ezra Holdings yesterday said four of its deepwater anchor handling, towing and supply vessels have secured charter contracts worth up to $95.7 million. "The contracts are for a minimum one year on average, and a166 words
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622 2006-03-07 4 Talk of deal boosts price of high-end developer's shares By OUR CORRESPONDENT in Bangkok AS Thailand still continues to digest the purchase of Shin Corp by Temasek Holdings, another company with Singapore connections, TCC Capita Land, is set to take control of Golden622 words
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Article, Illustration279 2006-03-07 4 HARD disk vendor Maxtor has sold its building in Ang Mo Kio to SGX-listed semiconductor company United Test and Assembly Centre (Utac) for $18 million. The building had been up for sale since late last year, after Maxtor announced279 words
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231 2006-03-07 4 DMX Technologies Group, a telecommunications system provider, has won two contracts worth US$3.6 million from two banks in China. Mainboard-listed DMX yesterday said it has inked a US$2.l million network upgrade contract with China Construction Bank (CCB) and has also won a231 words
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Article, Illustration444 2006-03-07 5 LESLIE YEE - Banker's guarantee facility obtained to ease current tight cash flow By LESLIE YEE THE troubled air cargo company Airocean is to get an extra million-dollar lifeline. The company will now get $2.76 million instead of the $1.76 million it was expecting in theFILE PHOTO - 444 words
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392 2006-03-07 5 ROLAND LIM - It intends to set up stores overseas, especially in China By ROLAND LIM CREATIVE Technology yesterday unveiled its latest attempt to boost sales of its products in Singapore with the opening of a retail store in town. Located at Marina Square, the 2,200392 words
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378 2006-03-07 5 OH BOON PING - By OH BOON PING CIH Ltd has appointed HL Bank as independent financial adviser in a proposed scheme for the mainboardlisted electrical installation products company to be taken private by its parent GP Industries. CIH, which was formerly known as Clipsal378 words
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314 2006-03-07 6 AMIT ROY CHOUDHURY - Deal will double the availability of PacNet's IP-VPN services By AMIT ROY CHOUDHURY PACIFIC Internet (PacNet), which is the object of a planned takeover bid, has announced a tie-up with PCCW-HKT Networks Services Ltd that will significantly extend the global network coverage of314 words
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Article, Illustration739 2006-03-07 6 The 30.84% SingTel-owned company eyes foreign acquisitions Reuters [SINGAPORE] India's largest mobile operator, Bharti Tele-Ventures Ltd, said yesterday growth in new mobile users in its home market is accelerating, even as it looks for acquisitions in Sri Lanka, Bangladesh andReuters; BLOOMBERG - 739 words
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207 2006-03-07 6 SEMBCORP Industries' fully owned subsidiary SembCorp Engineers and Constructors has clinched a contract worth more than US$2OO million (***** million) to design and construct a single-stream low density polyethylene (LDPE) facility. The contract from global chemical producer Huntsman was won by the subsidiary through its207 words
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188 2006-03-07 6 IN an update on legal suits brought against it and two subsidiaries in a US court, mainboard-listed JK Yarning International Holdings said the two plaintiffs have been given time to file a third amended complaint. The investment holding company,188 words
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COMPANY BRIEFS
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81 2006-03-07 6 ADDfWLUE Technologies is raising a net 1.2 3 million from the placement of 20 million new shares at 6.2 cents each to Eric Wong, a manufacturing consultant of the company. The shares represent about 2.73 per cent of the existing issued and paid-up capital. Addvalue81 words
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109 2006-03-07 6 OKP Holdings Limited's wholly owned subsidiary, Or Kim Peow Contractors (Private) Limited, had been awarded part of the civil and related works for tank foundation and other structures at the land next to Meranti Crescent, at Jurong Island, by Rotary Engineering Limited. The amount109 words
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Article62 2006-03-07 6 ARIANECORP Limited has requested a lifting of its share trading halt today. Trading was earlier suspended at the request of the company pending an announcement. It said yesterday that it was initially in talks to make an offer to acquire the shares of another company listed62 words
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32 2006-03-07 6 STANDARD Poor's will be including SP AusNet in the S&P/ASX 200 Index. This inclusion will become effective from the close of trading on March 17.32 words
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Advertisement723 2006-03-07 4 >AT^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com sg SEE HUP SENG LIMITED SS (Incorporated in the Republic of Singapore) (Company Registration No. *****2208Z) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of SEE HUP SENG LIMITED (the "Company") will be held on Wednesday, 22 March 2006 at 10 am723 words
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Advertisement545 2006-03-07 4 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of THE CALL CENTRE PTE LTD Company Reg. No. *****0326K Notice of Creditor*' Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50 NOTICE is hereby given that pursuant to Section 2% of the Companies Act,545 words
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Advertisement211 2006-03-07 5 *ym 03 O 1T .TP 1^ y •> Iff*? K *;•sP l J *ft- "at<> v f J *!p 'J ijWjylfe. itl** t1 JSSa s g==2^ i ITTf laKTr""Tia i j irr' m M EXPERIENCE MORE WITH VISA PLATINUM. The glamorous Monaco Harbour. Nestled in the Mediterranean, it is host211 words
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Advertisement192 2006-03-07 6 Master of Science in Engineering Business Management (EBM) Part-time awarded by The University of Warwick If you haue a first degree in engineering, science or technology, join us for a preuiew of the Master of Science in Engineering Business Management conducted by Mr Vernon Halliday, Aduisor, S.E. Asia. Jointly offered192 words
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Advertisement20 2006-03-07 6 Inviting tenders? Call 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. i NOTICES20 words
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Advertisement568 2006-03-07 7 yj J•' 1 nHgyMmgrng t R^-',-HIHHRHHHHMm^' I fiH El it vlwiil >^ r f r HsU FffiHv »Iyf?^Hf^Si^BB"IIJISSj LK*W^PVwPf^ 9E v'' 3h&|BK feafflßKl" I I ggsni.SSw'm JHIS«I aMP^-, fli i I 1 1 iniliißijW- '*1' l|lHHHl^^^^^K ,f t-- I §-^rr^KH j.:""'j I) <B9IIBmIIII 1 i i:v. -v% TnSI i. ■»Jft568 words
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SINGAPORE MARKETS
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Article, Illustration527 2006-03-07 8 R SIVANITHY - STOCKS China stocks sizzle again; China Fishery, which shoots up 29 cents to $3.04, leads segment R SIVANITHY Senior Correspondent THE Straits Times Index (STI) inched closer to a new high yesterday as it crossed the 2,500 mark thanks to DBS, UOB and Singapore Telecom.Source: Bloomberg - 527 words
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Article, Illustration983 2006-03-07 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Mar 6 and earlier) Subsantial No of Price SHAREHOLDING Subsantial No of Mce SHAREHOLDING Trans Shareholder/ Buy Shares Per Before After Tram Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell 000 Shr S rooo) COOP) Stock Date Director Soft983 words
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Article, Illustration950 2006-03-07 8 MATTHEW PHAN - Compiled by MATTHEW PHAN China Merchants Holdings (Pacific) March 6 dose: 86 cents PHILLIP SECURITIES RESEARCH, March 6 CMHP's revenue is mainly from property development in New Zealand, which we expect to be largely stable, while over 70 per cent of CMHP's free cash flow is generated from fiveSource: Bloomberg - 950 words
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Article, Illustration531 2006-03-07 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar and the euro staged a comeback against the Japanese yen and selected Asian currencies ahead of a closely watched Bank of Japan (BOJ) policy meeting tomorrow. Versus the Singapore dollar, for example, the greenbackSource: Reuters - 531 words
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SINGAPORE NEWS
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473 2006-03-07 9 DANIEL BUENAS - Products likely to fall under scrutiny; details being worked out by MAS By DANIEL BUENAS FINANCIAL services are to be brought within the scope of the Consumer Protection (Fair Trading) Act, according to government plans announced in Parliament yesterday. The move, announced by473 words
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353 2006-03-07 9 RONNIE LIM - It may recommend building a terminal, but after prices fall By RONNIE LIM THE final report on the feasibility of Singapore importing liquefied natural gas (LNG) to fuel power stations is expected to be submitted to the government in "the next353 words
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Article, Illustration438 2006-03-07 9 PARVATHI NAYAR - Bouquets brickbats at Life! Theatre Awards By PARVATHI NAYAR SURPRISE wins and unexpected misses, winners and losers, histrionics on and off stage. In short, the Life! Theatre Awards held last night to honour all that was best in Singapore theatre over the past year. Raymond Lim, Second Minister for FinanceEDWIN KOO/ST - 438 words
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Article, Illustration344 2006-03-07 9 ARTHUR SIM - YESTERDAY IN PARLIAMENT Reports by ARTHUR SIM THE government will build a $68 million bridge at Marina Bay to link the Bayfront area to Marina Centre. When finished around 2009, the bridge will complete a walking route that visitors can take toURA - 344 words
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Article303 2006-03-07 9 BIRD flu precautions are to be stepped up in Singapore farms which are home to 2.2 million birds. Flocks in the seven farms are to be rigidly segregated, and preparations are being made for an emergency poultry-vaccination programme if the disease approaches Singapore. Parliament was303 words
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292 2006-03-07 9 MATTHEW PHAN - By MATTHEW PHAN THE Ministry of Defence is no longer allowing students to defer national service to complete a degree, Minister for Manpower and Second Minister for Defence Ng Eng Hen told parliament yesterday. Young men must now: finish their degree before the292 words
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154 2006-03-07 9 SINGAPORE looks set to take centre stage for one of the largest gatherings of the world's leading figures in intellectual property (IP) when the country plays host to the inaugural Global Forum on Intellectual Property (GFIP) in August. Organised by the IP154 words
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Page 9 Advertisements
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Advertisement84 2006-03-07 9 Our qualified professionals can assist you with offshore structures, shelf and incorporations in Jurisdictions *<•*»»"lslands B»hmiui» Hongkong »~Semoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information and immediate service please contact: Angela Nicolson84 words
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SMEspotlight
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Article, Illustration1108 2006-03-07 10 NANDE KHIN - They are beefing up their product quality and brand name to reach global markets, reports NANDE KHIN NANDE KHIN Unlike the more glamorous pharmaceutical and electronics in'd us t r i e s which hog the headlines with their cyclical swings in output, food manufacturing has1,108 words
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Article, Illustration771 2006-03-07 10 GRACE CHONG - It gains clients' confidence with product knowledge and quality, says GRACE CHONG GRACE CHONG SINGAPORE precision engineering company Alcotec's round-the-clock commitment to its customers has helped it hold its own in the highly competitive semiconductor industry dominated by much bigger multinational players. Managing director ColinARTHUR LEE - 771 words
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Article, Illustration1067 2006-03-07 11 NANDE KHIN - Sports goods manufacturer receives bullish reports from research firms after announcing stellar results, says NANDE KHIN NANDE KHIN SPORTS shoe and clothing maker China Hongxing Sports looks set to sprint forward in the race for a slice of China's sporting goods market. The relatively young company1,067 words
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369 2006-03-07 11 TEH HOOI LING - By TEH HOOI LING THE 18 per cent surge by offshore support and marine services provider Ezra Holdings more or less sin-gle-handedly lifted our small cap portfolio by 1.4 per cent in the last five trading sessions to yesterday. Our portfolio369 words
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Article818 2006-03-07 12 STEVEN TAN, CHUA HOCK ANN - Local businesses will get greater market access with the global Mutual Recognition Arrangement By STEVEN TAN, CHUA HOCK ANN HOW does measurement play a part in trade and your business? In trade, products inevitably have to be tested or measured to ensure their compliance with specifications,818 words
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Article195 2006-03-07 12 STANDARDISATION and conformity assessment activities such as measurement, testing and calibration are key factors that facilitate international trade. But with the reduction of tariffs, technical barriers in the form of standards and conformity assessment practices have come to the forefront. Thus, accreditation now plays an195 words
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Article6355 2006-03-07 12 UNIT TRUSTS FUNDS AIM Amro «wt Mgt (S'pore) Star Eirope Eqty!" 0.8991 Star Europe Bond 1.165/ S» Europe Bal 1.152/ Star Asian Tiger Eqty 1.171/ Star Asia Bond 1 299/ Star Asia Balanced 1.073/ Star Global Technology Fuid!** 0-21/ MulO St fd 1-041/ Star Asia BondlUSO) 0.805/ Gib Multi St6,355 words
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Advertisement8 2006-03-07 10 phoenix 1516.. Make an affordable subscription SubSCrlbe www.phoenixcomms.com8 words
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Advertisement555 2006-03-07 11 ■l. H n mailM ci V T CDCC TLUCKY I rLT I rKfcfc I DRAW HBH I FOR LESS I UPGRADE I Rewarding is the word! I ANA .nd p* FREE I ta BuSaß^ one-way upgrade on your p Fly ANA Business or next trip i ISt r nze Economy555 words
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Advertisement17 2006-03-07 12 L 1 I In fj] |Wi H TV |X»\TT>T Ij B 3 111Tfl 1I lfM\ 11 I^H17 words
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ECONOMY WATCH
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Article, Illustration814 2006-03-07 13 PM Thaksin says ongoing protests could hurt economic growth By OUR CORRESPONDENT in Bangkok THE Thai economy is expected to defy the political turmoil surrounding Prime Minister Thaksin Shinawatra by growing at a respectable 4.5 per cent or 5.5 per cent thisAFP - 814 words
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629 2006-03-07 13 Supply disruption worries will prevent cuts despite calls from some members AP [VIENNA] Some price hawks in Opec are again calling for production cuts, but with oil above US$6O a barrel, it is likely to keep output right where itAP - 629 words
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Advertisement2328 2006-03-07 13 Mobile One Ltd |f?|| (Incorporated in the Republic of Singapore) (Company Registration No. *****6031W) NOTICE IS HEREBY GIVEN that the 4th Annual General Meeting of the ordinary shareholders of the Company will be held at the Intercontinental Singapore, Ballroom 1 2 (Level 2), 80 Middle Road, Singapore *****6 on 282,328 words
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MALAYSIA/INDONESIA
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Article, Illustration698 2006-03-07 14 S JAYASANKARAN - NEWS ANALYSIS By S JAYASANKARAN in Kuala Lumpur THE Malaysian government's award of third-gen-eration (3G) mobile phone licences to two relatively untested telcos to the exclusion of established player DiGi.Com has raised questions about the process and its transparency. The two 3G winners areBLOOMBERG - 698 words
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205 2006-03-07 14 Reuters [KUALA LUMPUR] Asia-focused bank Standard Chartered pic has no interest in buying into a Malaysian bank and will continue its organic growth strategy there, the head of the bank's Malaysian business said yesterday. "Strategically, it doesn't make sense for us to take aReuters - 205 words
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BRIEFLY ASIA
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62 2006-03-07 14 Reuters [LONDON] HSBC Holdings yesterday reported record profits for a British bank of US$2l billion, up 11 per cent on the year and above analysts' expectations, as strong emerging markets offset higher spending at its investment bank. The bank said it made profit of U5520.97Reuters - 62 words
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71 2006-03-07 14 Reuters [BEIJING] China and Japan opened a fourth round of talks yesterday about how to develop oil and gas resources in disputed areas of the East China Sea, but few see the issue being resolved quickly. Japan's goal was to gauge the ChineseReuters - 71 words
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60 2006-03-07 14 Bernama [KUALA LUMPUR] KFC Holdings (Malaysia) has sued its former managing director Ishak Ismail for breach of fiduciary and trust duties. The suit, filed on Friday, alleged that Mr Ishak had wrongfully procured RMIO million (554.4 million) from KFCH for his personalBernama - 60 words
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Article, Illustration709 2006-03-07 14 SHOEB KAGOA - INDONESIA INSIGHT It should try to remove the long-standing hurdles that have kept foreign investors away SHOEB KAGOA Jakarta Correspondent IT HAS been a mixed week for Indonesia, with the country scoring big with global bond investors but failing miserably in resolving a709 words
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Article2390 2006-03-07 14 VOl Mart UK TWO) AIM Realty 139 unch 3 Abnc ,0.31 unch 64 ACP Industries .0.74 0.01 510 Advance Synergy 0.18 unch 133 Adventa .0.27 unch 139 AEMutti .0.39 -0.01 68 AffinHldgi 1.60 unch 240 Ahmad Zaki Rat 1.86 0.18 485 AlCCorp .0.90 -ttOI 19 AirAsia 1.70 -0032,390 words
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Advertisement15 2006-03-07 14 I Lianhe Zaobao Close to I sold I p China I last year I gTiSBWij15 words
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Advertisement21 2006-03-07 14 Holding an auction? Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. f NOTICES21 words
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INDIA
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604 2006-03-07 15 SIDDHARTH SRIVASTAVA - INDO-US NUCLEAR DEAL US$100b worth of opportunity knocks if nuclear accord is ratified By SIDDHARTH SRIVASTAVA in New Delhi WHILE members of the US Congress and left parties and Muslims in India may have a problem with the In-do-US nuclear deal, there is support for604 words
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Article, Illustration229 2006-03-07 15 Company denies he is considering giving up controlling stake in it Bloomberg [LONDON] Mittal Steel Co, the world's biggest steel maker, denied yesterday a report in the Financial Times that chairman Lakshmi Mittal is considering giving up his controlling stake in theBloomberg; AFP - 229 words
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331 2006-03-07 15 Bloomberg [MUMBAI] Overseas investment in Indian stocks this year may reach US$7 billion, lagging last year's record by more than a third, Citigroup Inc said. Surging share prices in India may keep international funds from investing the record US$lO.7 billion ofBloomberg - 331 words
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424 2006-03-07 15 It's seeking to raise foreign holding limit to 74% Bloomberg Reuters [NEW DELHI] Reliance Communications Ventures Ltd made a strong stock market debut yesterday, valuing the Indian telecoms conglomerate as high as US$B.5 billion in the world's fastest growing mobile market. Its rival BhartiBloomberg; Reuters - 424 words
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Advertisement212 2006-03-07 15 Diners Club Card 64i6 0980 A World of Exclusive Privileges Treats Diners Club I wunc.Jmers.comMQ International' r —r~ —T <fi§ f THE ALTERNATIVE TO PRIZED KOBE BEEF "■-\'-I f', J '",k* lINCAfOU w,h t»*«4 mi Experience an H irresistible brew of culture and cuisine at Si Chuan Dou Hua With212 words
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GREATER CHINA
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471 2006-03-07 16 'No new securities firms or foreign investments to be approved this year' [BElJlNG] China's securities regulator will continue its clean-up of the distressed brokerage sector and will not approve any new securities companies or foreign investments this year without the intervention of the State471 words
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479 2006-03-07 16 Reuters [SINGAPORE/HONG KONG] Beijing-backed Citic Resources Holdings Ltd may join the bidding for Nations Energy, a private Kazakhstan oil producer with an estimated value of about US$2 billion, sources said yesterday. Citic Resources, a plywood maker that is retooling itself as anReuters - 479 words
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Article, Illustration331 2006-03-07 16 Reuters [BEIJING] Bank of China, preparing for a multi-billion-dollar stock listing, has been hit by a fresh scandal that could cost it up to 432.5 million yuan (5587.3 million), the semi-official Caijing magazine reported. The bank, in which Singapore investment company TemasekReuters; FILE PHOTO - 331 words
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442 2006-03-07 16 NATIONAL PEOPLE'S CONGRESS Reuters [BEIJING] China's economic progress is being threatened by ideological rifts and bureaucratic profiteering, a senior official economist said, as China's Parliament began discussing a national development plan. Members of the govern-ment-vetted National People's Congress yesterday mostly extolled the blueprint for continuedReuters - 442 words
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343 2006-03-07 16 Reuters [HONG KONG] China's largest bank was close to picking underwriters for its US$lO billion IPO, sources said yesterday, but some disputed a media report that it had settled in principle on four sponsors and snubbed Goldman Sachs. Industrial Commercial BankReuters - 343 words
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Advertisement1665 2006-03-07 16 ylTj :»at^ NOTICES Toll free. 1300-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DA PAI DANG (HDB HUB) PTE. LTD. (Company No. *****8677R) (PROVISIONAL LIQUIDATORS' APPOINTED) Statutory Declaration by director of Company's inability to continue business by reason of its liabilities1,665 words
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Advertisement537 2006-03-07 16 In the Matter of The Companies Act, Cap. 50 And In The Matter of BLUE-WATER OIL SERVICES PTE LTD (CO. REG. NO. *****2440G) NOTICE OF CREDITORS MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap. 50, a meeting of Creditors will be held at537 words
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ASIA-PACIFIC/WORLD
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666 2006-03-07 17 Purchase puts No 1 US wireless phone company Cingular in the bag for AT&T Reuters [PHILADELPHIA] AT&T Inc has announced that it will buy Bell South Corp for US$67 billion to acquire the rest of Cingular Wireless it does not already own,Reuters - 666 words
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326 2006-03-07 17 Reuters [NEW YORK] AT&T Inc's deal to buy Bell South Corp for US$67 billion is launching investment bank Lehman Brothers to the coveted top spot of the merger and acquisition rankings. Lehman, and M&A advisory firms Evercore Partners and RohatynReuters - 326 words
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361 2006-03-07 17 LATEST US DATA Reuters [WASHINGTON] New orders at US factories fell 4.5 per cent in January, slightly less th&n expected but still the biggest drop since July 2000, as orders for durables, machinery, computers, and aircraft fell, a government report showed yesterday. AnalystsReuters - 361 words
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549 2006-03-07 17 Reuters [NEW YORK] He rants, raves, throws chairs, tosses pencils, slurps water and the wild host of the US television hit Mad Money moves stock prices, too. Jim Cramer's show, which airs three times a night during the week on theReuters - 549 words
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Article, Illustration647 2006-03-07 17 It's among host of edgy movies that took home awards Bloomberg, Reuters [LOS ANGELES] In a ceremony that recognised edgy, low-budget movies, Crash, a story of racial intolerance in Los Angeles, created an upset by winning the Academy Award for best picture asBloomberg,; Reuters - 647 words
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WORLD WATCH
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106 2006-03-07 17 AFP [TOKYO] Japan's Suzuki Motor said yesterday that ailing US auto giant General Motors (GM) would reduce its stake in the affiliate from 20 per cent to 3 per cent but continue with a business alliance. Suzuki said in a statement thatAFP - 106 words
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116 2006-03-07 17 Reuters [SYDNEY] Publisher John Fairfax Holdings Ltd said it had paid US$467 million for New Zealand's top Internet site as it unveiled a 5 per cent first-half profits rise helped by growth in its Fairfax Digital online arm. Battling a weakReuters - 116 words
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90 2006-03-07 17 Reuters [BANGKOK] Thai listed companies are expected to report at least 20 per cent growth in net profits for 2006, up from an 13 per cent rise in 2005, the Stock Exchange of Thailand (SET) said yesterday. The forecast was attributed mainly toReuters - 90 words
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112 2006-03-07 17 Reuters [MANAMA] Gulf Arab investors announced plans on Sunday to raise US$ 10 billion to create the world's largest Islamic bank, saying they wanted to muscle in on a booming regional market for infrastructure finance. If the plan succeeds, the bank's capital will dwarfReuters - 112 words
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98 2006-03-07 17 AFP [TOKYO] Japanese electronics maker Toshiba plans to invest about 500 billion yen (556.9 billion) in a new plant to triple production of flash memory chips, a newspaper reported yesterday. Toshiba, the second-largest player in the global market for flash memory chips, aimsAFP - 98 words
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AVIATION
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Article, Illustration675 2006-03-07 18 VEN SREENIVASAN - Protectionism continues to tie down aviation policy: AAPA chief By VEN SREENIVASAN WHILE the Asean open skies initiative in moving in the right direction, anyone looking for immediate totally unrestricted competition between airlines in the skies over the region will beARTHUR LEE - 675 words
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265 2006-03-07 18 YEN SREENIVASAN - By YEN SREENIVASAN SINGAPORE-BASED Executive Jet Asia (EJA), which started operations two weeks ago offering private charters and medical evacuations, is already flying executives and celebrities on trips to Bali. The company's Learjet is available at as little as two hours'265 words
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Article605 2006-03-07 18 CITY FUCKT HA RJCWT ETP Adelaide Amsterdam «35 2330 KL837 1535 SOS i 2345 AutMand "Tiwi htb~WI 8SeriBegawan S( 1245 Bangalore 5750 i! jii P Cap* Town ***** 67(55 Ceou HER 1910 MI588 0905 Chengdu SQ409 0040 CA404 0740 Chiang Mai fj jgj Chicago UA895 2355605 words
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292 2006-03-07 18 VEN SREENIVASAN - By VEN SREENIVASAN CHANGI Airport's Budget Terminal is to open to the public for five days from Wednesday, March 15, and Sunday, March 19. The Civil Aviation Authority of Singapore is inviting members of the public in between the hours of292 words
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377 2006-03-07 18 Bloomberg Reuters [MOSCOW] Russia's United Aviation Company (UAC), set up last month to revive the nation's ailing aviation industry, will be led by Alexei Fyodorov, head of combat plane maker MiG, Prime Minister Mikhail Fradkov said yesterday. President Vladimir Putin decreedBloomberg; Reuters - 377 words
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Page 18 Advertisements
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Advertisement135 2006-03-07 18 BT/ZUJI Deals of the Week T, TMr' V BUSINESS (from J) ECONOMY (from HOTEL (from J) Bali $490 $215 $39 I (Cauda) (Gamda) l PBTINffIONS BUSINESS PASS (from S) ECOHQMY CUSS from S) HOTEL (from S) WEATHER Jakarta j $490 (Gamda) $125 (Garuda) $57 Showers Hanoi $538 (Vietnam Airlines) $188135 words
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Page 18 Miscellaneous
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Miscellaneous188 2006-03-07 18 CRYPTIC CROSSWORD ;> f 12 Lean against eccentric from YESTERDAY'S SOLUTION 1 Deceptively resembling soup Becdes 4(7 Edward shortly dished up (6) 14 tt!e cook s vjew of those cr^ s 4fn D y ■> Tho rirv-trino that'c a raiinim ic cooks view ot inose uncle Sam, 10Business, 11 Tether,188 words
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SHIPPING
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Article, Illustration438 2006-03-07 19 DONALD URQUHART - Govt pledges full support to shipping industry By DONALD URQUHART [SINGAPORE] With the opening of the MSC-PSA Asia Terminal yesterday, the Mediterranean Shipping Company (MSC) became the second major shipping line to jointly operate a container terminal in Singapore in cooperation with438 words
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337 2006-03-07 19 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] Neptune Orient Lines, the world's ninth-largest container line by capacity, recorded in January its first decline in cargo volumes in two-and-a-half years, providing further evidence of an impending downturn for the container shipping sector. According to337 words
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PORT SHOTS
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135 2006-03-07 19 [BEIJING] High oil prices will drive up costs for state-run China Shipping (Group) Co by 5 per cent this year and increased capacity will make shipping firms more difficult to operate, group president Li Kelin said on Sunday. "The world's and135 words
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184 2006-03-07 19 Reuters [HANOI] The Vietnamese government has approved a US$6O million project by dominant oil importer Petrolimex and Singapore's PB Tankers Co to build the country's largest bonded warehouse for oil products, state media said. Investors of the 500,000-cubic metre bonded terminal, to be locatedReuters - 184 words
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Article290 2006-03-07 19 SGX '000 Mar 6 St W- Vol CH Offshore 0.38 -0.01 923 ChuanHup 0.37 -0.01 309 Cosco Corporation 121 unch 9218 CWT Distribution 1.03 unch 148 Ezra Hldgi .2.43 0.04 640 Freight Links 0.07 0.01 ***** Grand Banks Yacht 0.92 unch 0 Java Holdings 1.30 0.01 384 K1290 words
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Article, Illustration671 2006-03-07 19 Republican lawmakers seek to overhaul foreign investment panel Bloomberg. AFP [NEW YORK] Two Republican lawmakers said the procedure for reviewing transactions such as a Dubai company's takeover of some US port facilities needs to be overhauled and responsibility shifted to the HomelandBloomberg.; AFP; BLOOMBERG - 671 words
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338 2006-03-07 19 Reuters [JOHANNESBURG] South African state-owned transport and logistics group Transnet has appointed several advisers to help dispose of several businesses which are not part of its core focus, the group said on Sunday. Transnet has been hit by a wave of strikesReuters - 338 words
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Advertisement374 2006-03-07 19 Expo, Hall 3 A true blue international event for maritime and shipping Ta\ industry professionals. iiiwfcjif- Come and experience refreshing ways of doing business in a new dimension! Who's Who in the Maritime World Be awed by 9 National Pavilions, 594 exhibiting companies from 46 countries, 300 hosted buyers from374 words
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EDITORIAL & OPINION
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Article490 2006-03-07 20 EDITORIAL AFTER a 10-year runabout, the decision by the Australian government to deny Singapore Airlines the right to ply the lucrative Sydney-Libs Angeles route has predictably, and understandably, met with deep disappointment in Singapore. After all, Singapore reckons, it has gone out of its way to accommodate Australia490 words
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Article, Illustration1037 2006-03-07 20 MICHAEL S ROSENWALD - Craig D Venter, the man behind DNA as we know it, hopes to strike gold with his new crusade By MICHAEL S ROSENWALD The Washington Post J Craig Venter, maverick biologist, wants to cure America's addiction to oil. To do so, he proposesThe Washington Post; NYT - 1,037 words
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Article, Illustration818 2006-03-07 20 HARISH MEHTA - THE BOTTOM LINE HARISH MEHTA IT IS now clear that giant American food companies do intend to pry open foreign markets where they will sell genetically modified (GM) food, despite overwhelming evidence that it poses risks to human and animal818 words
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Article, Illustration1864 2006-03-07 21 STEPHEN ROACH - IT-enabled global labour arbitrage is a guaranteed recipe for mounting income disparities STEPHEN ROACH BILLED as the great equaliser between the rich and the poor, globalisation has been anything but that. An increasingly integrated global economy is facing the strains of widening income disparities withinAFP; Source: - 1,864 words
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304 2006-03-07 21 Mak Yuen Teen Singapore - LETTERS TO THE EDITOR Mak Yuen Teen Singapore I REFER to the report, "Gu steps down as CAO director in surprise move" (RT, March 2). And I fully agree with the Hock Lock Siew column, "CAO has finally got it right" (RT, March 2).304 words
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175 2006-03-07 21 Narayana Narayana Singapore - Narayana Narayana Singapore I WAS heartened to read that the "CAO debacle won't be repeated" (BT, Feb 28). An encore would result in the company ending up like Humpty Dumpty, as it is unlikely there would be knights of any colour waiting to175 words
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437 2006-03-07 21 I REFER to the commentary by Donald Urquhart, "US outcry reeks of hypocrisy" (BT, Feb 27). I was quite disappointed with Mr Urquhart's cursory review of the situation with DP World and port operations in the US. There is a lot of subtext437 words
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Article10805 2006-03-07 22 SCX XTRANET SMft Trf LM JM LM Quota GDh Nr »TN M MCjp hmi m» co4» Ci—wj mm emm im cv imsowso 6065 Dumoncfc U4lW«U» WH l$0IUST«rf! US3740 «9> ISMlOSpO* U»» 6101 RSAPSOO US82TS 11MC11N0 t1» $»R$. USUJflO ;soo ?i32 srn snrrtioo nm »w 2s» tat n*t MU10,805 words
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Advertisement78 2006-03-07 22 This March you can trade Singapore Stocks at 0.25% (.;f f )s <ii iy i lii<|lu>i i It < |M it 11 i it:»| 1 < I'lil. M.ii l»t u It is p< »•,il >k to < |i II' :k lv I' >' < ill' < 111. in tin nil,78 words
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Article6047 2006-03-07 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local oifr In SS to USS dy N r dy yt dy %yr Mar 3 Irate* g-tr>Q* Q»ng« Chang* Chang* Ch*ngt Chang* IT* World Index Pretoitnary 1002* -03 34 03 16 -03 43 »EAfE Prelimmarj 100&1 <13 36 0.1 2.6 -03 5,36,047 words
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Advertisement1252 2006-03-07 24 ittjfeJ 'S'i Slflfllllk^v /g\ NYK GROUP SOUTH ASIA PTE LTD ATYKIxNE tSS TS K LINE fS:6^22BSß(Regional sales)/6239 7109(OPS)/*****785(Documentation) w NIPPON YUSEN KAISHA V *s£&* TOKYO WPAKU KASHA. 00. (C/R NO: **********0E) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination ERIKOUSA RDM/ATW/BMNALB/NAN JOHN F CAM/NFK/NOL/SAV HANJIN HOUSTON VCB/VCW/LAX/MZL Loads Singapore, E./W. Malaysia,1,252 words
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Advertisement652 2006-03-07 24 iwiwAm «oto fwwi VCSa/VOY UXIHKT) HBOHTW WO KCH 3 I SM I JET STUITS VtHTURE 05/06 IS 12 22/03 25/03 30/03 02/04 04/04 STRAITS VENTURE 04/06 IS 3.2 06/04 09/04 20/04 23/04 25/04 STRAITS YEMTURE 07/06 IS 12 27/04 30/04 04/05 07/05 04/05 Vpsa/VOT unborn wohtw 1a i's» i *j652 words
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Advertisement1725 2006-03-07 25 WAN HAI INTERNATIONAL PTi LTD a NO: lwsnoooo/i \AM\WAN HAI LINES 6^/"^s^^ 6 "w) 3 w26i200 I Ifll klllLJ naiH; (03) mam FAJL (031 U4232MfWTH.M) *****00 F«:(04)27»6»»9 V JOH IB: (D 7) 251W23 MX: (07)251W21 WBL (BSD J?«47s ML (031) *****14/ 32*1305 www wanhai com <a J1TTR:(021)*****11 MX;021)******num.-71UK/71UI! HUL7IU* w.1,725 words
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Advertisement189 2006-03-07 25 P. T. DJAKARTA LLOYD (PERSERO) AUSTRALIA FULL CONTAINER SERVICE As Agents Starship Agencies (MAL) Pte Lid Operotor Code: DJ CR NO. **********QH VSI VOY SIN I PKC IHB I INI I STD Ima I ST" ANtUMIHH 030S 13/03 14/03 174/*****/0312»/03 31/03 I AlttSflin 023S 19/03 21/03 27/03 1 102/04 1189 words
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Advertisement1932 2006-03-07 25 rasa VOY SIN JKT hkg khh wc kyh wT vessel VOY sin jkt sub hkg usn pus HYBMD6E 10»S 9/3 11/3 16/3 11/3 20/3 22/3 KMKSINGAPORE t03S lw IS/3 16/3 ~m 25/3 26/3 HYVLADIVOSTOK 173S 14/3 l»/3 23/3 25/3 27/3 29/3 29/3 SUNSET BAY 603S 19/3 22/3 23/3 2»/3 1/41,932 words
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THE BUSINESS TIMES SHIPPING TIMES
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6122 2006-03-07 26 This ETA ETA AdvwtiMr Vessel Voyage Telephone SIN Desfn Nan* Name Nuwbir Muwbif To ABIDJAN (ABJ) 2003 Cote D'lvoire 14/03 10/04 Delmas VERONIQUE D€LMAS 615W *****344 17/03 18/04 ChmaShpg CMA CGM MAKASSAR SX219W *****898 21/03 02/05 China Shpg CMA CGM KOMODO SX221W *****898 22/036,122 words
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Page 26 Advertisements
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Advertisement325 2006-03-07 26 vtssn VOY SIN PCU VISStt VOT Sit XT PAC lANDA 1681H 07/03 07/03 PACMITAN 9340 04/03 07/03 BANDA IM2N 08/03 09/03 4208 04/03 09/03 CSf 2301 0248P 09/03 10/03 PAPUAN 9341 11/03 14/03 PAC lANDA 16S3N lfi/03 10/Q3 Jig $g Of 2301 0249? 11/03 12/03 gg ~5/§~ £/g jaciamda urn325 words
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Advertisement278 2006-03-07 26 IVESSEL Ivor I PKL SIN I KAHACHI PXB WHS DMM MK I KHOK MAN KOROCSTAN PCI 3125 09/03 10/03 19/03 22/03 23/03 29/03 01/04 04/04 HAN TABATABAEI PCI 8121 11/03 19/03 22/03 23/03 02/04 05/04 04/04 WAN SHAHtYAK PCI 3126 13/03 19/03 24/03 31/03| 01/04 06/04 1 09/04 12/04 I278 words
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Advertisement114 2006-03-07 26 BSA jl MYANMA ■H five star une (Mjf— National Um) Loadiag far Yaogoi Vissa VOY SM PU PEN PGU OM SHWI HAW 90W SID PAGAN 349W SU> IN MALAYSIA: IOUSTEAD SNIPPING AGENCIES KIR/PKI: 03-*****3U PEN; 04-2****** ACCEPTINB COBVENTIOWAL C6O VESSa VOY 16 SM K KCH TM BTU SOK TWU UON114 words
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PROPERTY
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Article, Illustration971 2006-03-07 27 Setting a realistic value demands pricing savvy and the latest tool is available for US buyers and sellers on the Internet Bloomberg AS the US home market continues to resemble a bear entering hibernation, home buyers and sellers will be increasingly tested on theirBloomberg; BLOOMBERG - 971 words
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Article115 2006-03-07 28 Reuters [PARIS] French hotels group Accor SA said yesterday it would sell 82 hotel buildings in Europe and the United States as part of its strategy of focusing on management of its properties. Accor, which is due to present 2005 results tomorrow, sold sixReuters - 115 words
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Article, Illustration532 2006-03-07 28 Acquisition allows PBL to own and operate casino resorts in Macau Reuters [SYDNEY] James Packer, son of the late Australian gambling magnate Kerry Packer, has teamed up with Hong Kong-based gaming tycoon Stanley Ho's son in a US$9OO million deal that willReuters; REUTERS FILE PHOTO - 532 words
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Article, Illustration237 2006-03-07 28 Bloomberg [SYDNEY] Coles Myer Ltd, Australia's biggest retailer, has received bids for its Myer department stores and Melbourne property, estimated by analysts to be worth Asl billion (Ssl.2 billion). The board will consider the bids before deciding whether to sell the business,Bloomberg; BLOOMBERG - 237 words
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Article, Illustration569 2006-03-07 30 KALPANA RASHIWALA - This is half the price seller Kewalram paid Lippo in 1996, reports KALPANA RASHIWALA KALPANA RASHIWALA THINGS have gone full circle at One Phillip Street, a smallish office building in the Raffles Place/Golden Shoe area. Listed Auric Pacific, part of the LippoARTHUR LEE - 569 words
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Article, Illustration247 2006-03-07 30 Move will address complaints from people unable to buy homes Bloomberg [BEIJING] China aims to control "soaring" property prices to address complaints from people unable to buy homes, Zhu Zhixin, deputy commissioner of the National Development and Reform Commission, said. "The soaring propertyBloomberg; AFP - 247 words
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309 2006-03-07 30 Reuters [SEOUL] South Korean Finance Minister Han Duck Soo said yesterday that officials would monitor recent increases in house prices and draw up measures if necessary to cap them. Mr Han made the remarks at a regular meeting of senior ministry officials asReuters - 309 words
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233 2006-03-07 30 Reuters [AMSTERDAM] Dutch property group Rodamco Europe reported that its 2005 net profit more than tripled on higher property values, as its gross rental income, or revenue, rose 9.5 per cent. Rodamco, the largest publicly traded property investment and management company in Europe, saidReuters - 233 words
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Advertisement489 2006-03-07 27 1! i 1 ascendas Leverage on our for your estate I As Asia's leading provider of total business space solutions, Ascendas offers the I unmatched Ascendas Advantage of quality business space, reliable business solutions and a unique international business lifestyle. With local insight and a strong regional presence, Ascendas is489 words
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Advertisement359 2006-03-07 28 WAREHOUSE K WW SPACE WITHIN FREE TRADE ZONE 2 storey ramp-up warehouse with Direct vehicular ramp access for up to 40-ft container For viewing or more Private loading bays with dock levelers information, contact our 16,800 to 142,000 sqft Sole Marketing Agent: •8m ceiling height Pamela 9818 8186 or Immediate359 words
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Advertisement123 2006-03-07 28 i.- TiM paya ubi w f j INDUSTRIAL PARK FACTORIES \i [1,000 to 7,500 sq ft] 1 —""IfflL"' V\ Free Parking WfcT,*. w Central Location If V v 2 Own Frontage w\. Excellent Investment Opportunity H*Hw **M=\V \°yL \#X. P roximit y ,0 Future Macpherson MRT eJA Rent Now Complete123 words
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Advertisement120 2006-03-07 28 Joining forces? Announce the good news. Call 1800 289 8822 or email notiees@sph.eom.sg to book your corporate notice in our newspapers now. NOTICES Bj 3 Large Prime Residential Site Site Area: 256,486 sf (approx) Tenure: 99 years leasehold Ff It BQSf^ Plot Ratio: 1.4 Erf »c* Prestigious address at prime120 words
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Advertisement2364 2006-03-07 29 VOLUNTARY CONDITIONAL CASH OFFER (b) any allotment or issue of shares or other securities convertible into shares, or grant of options or other rights to subscribe for shares, by SCL; By (c) the disposal by SCL or its subsidiaries of any assets which are material or substantial in the context2,364 words
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