The Business Times, 8 March 2006

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

Total Pages: 42
1 42 The Business Times
  • 15 1 THE BUSINESS TIMES v SINGAPORE 85 cents- -onKrieat http://business-times.asial.com.sg MICA (P) 099/03/2006 Wednesday, March 8,2006
    15 words
  • 666 1  -  S'pore's decision to join international agreement could open up opportunities for business By CHEN HUIFEN, MATTHEW PHAN [SINGAPORE] Singapore will join the Kyoto Protocol aimed at reducing the greenhouse gas emissions that are damaging the world environment. But the move is unlikely to add
    666 words
  • 138 1 STI 2,489.15 (-23.73) ST INDEX FUTURES 2.490.00 (-24.00) SIMSCI 294.63 (-2.76) SIMSCI FUTURES 295.90 (-2.40) MARKETS Tuesday Change KLSECOMP 915.21 +0.29 NIKKEI 225 15,726.02 -175.14 HANG SENG 15,602.36 -209.47 SET INDEX 738.36 -12.45 JAKARTA COMP 1,246.251 -16.439 MANILA COMP 2,121.91 -26.41 SEOUL COMP 1,316.67 -28.09 SHENZHEN B 240.01
    138 words
  • 499 1  -  Qian Hu clinches two top awards in its category By GRACE CHONG [SINGAPORE] Singapore Telecom clinched 1 three gold awards and emerged overall champion at last night's inaugural Singapore Corporate Awards at Raffles City Convention Centre. In the category for
    ARTHUR LEE  -  499 words
  • Page 1 Advertisements
    • 9 1 Komoco opens Hyundai service centre in Übi pg 29
      9 words
    • 136 1 EXEC MONEY Investors hit the sweet spot PG42 REAL ESTATE Bright outlook for Asia PGIO > r: Singapore Corporate W Awards W CORPORATE OSCARS From boardroom practices to investor relations —what makes a company outstanding? I cnrononwttr deffl Bitot hope I horological rne^jfl^MMil^^BttlMiiiMMil 0^"'0^ subtleties reprWff^^Mjß^^P^^Epyp^>acft^p;;-" th historical |||ironometfyaM^^Ml»MreHßßMMflMMLa''Ml f.
      136 words

  • TOP STORIES
    • 626 2  -  Crimson ogic court case By WONG WEI KONG [SINGAPORE] The man who took on the Carrefour project on behalf of Crimson Logic was someone who did things on the quiet without informing his superiors, it was suggested in court yesterday on
      626 words
    • 50 2 ON page 2 of yesterday's BT, we printed a photograph of the former CEO of software company Gridnode, Leow Chee Tong, and incorrectly referred to him as Leong Kah Keong, who is Gridnode's former general manager and currently head of Crimson Logic's Malaysian operations. We apologise for the error.
      50 words
    • 414 2  -  DPM Jayakumar says proposal will help local firms reach out to region By CONRAD RAJ [SINGAPORE] Foreign lawyers should be able to own up to 25 per cent of a local law firm or share up to 25 per
      414 words
    • 837 2  -  Meanwhile, some lawyers are advertising through SMS messages By SIOW LI SEN [SINGAPORE] The practice of one lawyer paying another to pass on business known as referral fees and not yet permitted here is being studied by the Law Society of Singapore. And in
      837 words
    • 466 2 Thai govt workers vow to join rallies against Thaksin THAILAND'S political crisis deepened yesterday as more than 100.000 workers of state enterprises pledged to join street rallies in Bangkok to oust Prime Minister Thaksin Shinawatra. The unions of 42 state-owned enterprises have vowed to push for further action
      466 words
    • 320 4  -  By SIOW LI SEN [SINGAPORE] Holders of discounted Sing Tel shares will have another year in which to use Singapore Post to sell their holdings, following an extension of the Sing Post contract with the Central Provident Fund. Fees charged and procedures for
      320 words
    • 77 4 It's Oscar night for Singapore business last evening as the inaugural Singapore Corporate Awards hit the high notes at the Raffles City Convention Centre. In all. 19 companies and two CFOs were honoured at the ceremony. Seen in the photo in the foreground from left are: guest-of
      ARTHUR LEE  -  77 words
    • 857 4 Protesters gather around S'pore Embassy, seek PM Lee's intervention By OUR CORRESPONDENT in Bangkok THAILAND'S political crisis deepened yesterday as more than 100,000 employees of state enterprises pledged to join the daily street rallies in Bangkok to oust Prime Minister Thaksin Shinawatra.
      857 words
    • 474 4  -  Gerard Ee explains why it is chosen over international firms By UMA SHANKARI [SINGAPORE] The National Kidney Foundation (NKF) has appointed Chio Lim Stone Forest (CLSF) as its auditor for the year 2005 preferring the Singaporean firm to any of its internationally
      474 words
  • Page 2 Advertisements
    • 66 2 Slim down and spruce up your image. In just 8 weeks. The most established and results-proven They are l ust tw o ordinary guys with an ordinary slimming and face studio for men. wish t0 look and feel better Faced with wej 9 ht problems arising from overeating and inactive
      66 words
    • 10 2 people Executive search. e^ P As ia Pac if ic.
      10 words

  • Page 3 Advertisements
    • 35 3 Proudly built by PPL SHIPYARD PTE LTD PPL Shipyard Pte Ltd, 21 Pandan Road Singapore *****3 Tel: (65) 6265 0477 Fax: (65) 6264 4130 Email: corporate@ppl.com.sg 'Website: www.ppl.com.sg A Subsidiary of J P ISO 9001
      35 words

  • Page 4 Advertisements
    • 151 4 I I j ii i f Jr*i ifj all F'l IIIIJ fCw.V !/»i JI Sun PH: 11am 4 pm 25,0005f Integrated Showroom Bathroom/Kitchen/Living Room/Dining Room Mock-Ups Computer-generated design proposals Ceramic tile gallery Marble/Granite gallery Architects resource centre Outdoor ceramic tiles clay pavers, glass mosaics and swimming pool tiles mil w&
      151 words

  • Page 5 Advertisements
    • 190 5 State-of-the-art tradition. t m olashCtttk Vsa l JV Jj nr'' rJ^f < El >o> tr Sp *»,V' i V S6 GLASHUTTE VSA "%V The LANGE 1 MOONPHASE unites the know-how accrued in more than 150 years twice and painstakingly finished by hand in processes that take months to complete. of
      190 words

  • COMPANY NEWS
    • 524 6  -  Four bankers quickly relocated from New York and Sydney By LESLIE YEE ÜBS has moved quickly to beef up its Asian real estate investment banking team following the resignation last Friday of its Singaporebased managing director and head of real estate investment banking for
      524 words
    • 470 6  -  By CONRAD RAJ SINGAPORE'S offshore marine sector continues to rake in more business with both SembCorp Marine (SembMarine) and Keppel Shipyard yesterday announcing new orders. In what is believed to be the single largest order to date this year, Jurong Shipyard, a subsidiary of
      470 words
    • 575 6 Reuters SEMBCORP Industries, which sold its logistics business to Australia's Toll Holdings on Monday, has amassed about US$l billion for a war chest it can use to buy utilities. SembCorp's sale of its 60 per cent stake in SembCorp Logistics for ***** million would
      Reuters; FILE PHOTO  -  575 words
    • 722 6  -  HOCK LOCK SIEW By DONALD URQUHART WELL, it finally looks like the writing is more than just on the wall. Despite industry attempts to talk up freight rates, the much anticipated container downturn appears to be gaining momentum. The three-year boom is coming to an
      722 words
    • 446 7  -  Video distributor Scorpio launches IPO offer of 28.6 m shares at 21c each By UMA SHANKARI STEEL supplier Albedo Ltd Is seeking a listing on Sesdaq. The company lodged its preliminary prospectus with the Monetary Authority of Singapore yesterday. Albedo supplies a wide range
      446 words
    • 337 7  -  Top management changes also saw step-down of COO By OH BOON PING ELECTRONIC motor maker Lindeteves-Jacoberg (LJ) has appointed director Heinz Grossmann as chairman and chief executive officer. In its announcement of top management changes yesterday, the company said Lim Say Hui
      337 words
    • 125 7 DELONG Holdings Ltd, a maker of hot-rolled steel coils in China, yesterday said its executive chairman and largest shareholder, Ding Liguo, has placed out 225 million shares at 13 cents each to an institutional investor. The placement, valued at $29.25 million, represented a 4.24 per
      125 words
    • 155 7 810-TREAT Technology has secured two new turnkey municipal projects in China worth a total of 199 million yuan (Ss4o million). The projects, located at Fu Ning City and Xiang Shui City in the Jiangsu province, are expected to be profitable for Bio-Treat and
      155 words
    • 170 7 FRASER and Neave's group chief executive officer Han Cheng Fong has been appointed chairman of Times Publishing with effect from March 1. Times Publishing is wholly owned by Fraser and Neave and leads the group's printing, publishing and retail and distribution businesses. Dr Han takes
      170 words
    • 141 7 SPH Magazines Pte Ltd's chief executive officer David Tay will be retiring on May 31 to pursue his personal interests. Announcing this yesterday, media group Singapore Press Holdings (SPH) said: "The board of directors wishes to thank Mr Tay for his 27 distinguished years of
      141 words
    • COMPANY BRIEFS
      • 48 7 HLN Technologies Limited, a maker of engineering precision parts, said it has been awarded a contract of at least $3 million by Brembo SpA to supply technical rubber components for its world-renowned braking systems. The contract will run in 2006 and 2007.
        48 words
      • 40 7 UNITED Overseas Land said it bought a total of 425,000 Hotel Plaza Ltd shares from the open market yesterday for $509,499, increasing its interest in the subsidiary to 310,345,000 shares or 77.59 per cent.
        40 words
      • 43 7 COMMUNICATION Design International posted a net profit of 1.65 million for its first half year ended Dec 31, 2005, down 22.8 per cent from $2.14 million in the previous corresponding half. Revenue rose 5.7 per cent to $11.65 million.
        43 words
  • Page 6 Advertisements
    • 148 6 liiis gn ii-rr»i mm ini I ft^lApt^'MHyfr'lif*"'|'ff*^^ffilWIiHiiHrff^ I Role Of Open Source In Google's Mission-Critical IT Services Greg Stein, Google Apache Software Foundation, USA Current And Emerging Trends Of Open Source In Asia Keith Budge, Oracle Asia Pacific, Singapore Open Source Adoption In Mainstream IT Efforts Impacts And Challenges Ian
      148 words

  • Page 7 Advertisements
    • 581 7 VVifefcf:';,''- ■~-,-4... if Jliß f* v,_ !f CMMp ffiovr _^wKKmI I' Built for high yields. Invest in exciting Asian real estate shares and REITs Enjoy potential regular income I .(minimum total dividend payments of 8% of Initial Issue Price 1 per Share in the first year 2 and potential coupons
      581 words

  • SINGAPORE MARKETS
    • 863 8  -  CURRENCIES But can it survive March, April without more heavy losses vs Asian favourites? LARRY WEE Senior Correspondent THE US dollar has made a fairly decent recovery over the past fortnight versus the Canadian dollar and selected Asian units such as the Japanese yen,
      863 words
    • 1018 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Mar 7 and earlier) Subsantial No of Price SHAREHOLDING Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Tram Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell 000 Shr S COOP) COOP) Stock Date Director
      1,018 words
    • 294 8  -  Compiled by UMA SHANKARI SembCorp Industries March 7 dose: $3.26 UOB KAY HIAN RESEARCH, March 7 SEMBCORP Industries (SCI) is to divest its stake in SembCorp Logistics (SML) to Toll Holdings of Australia, through the latter's whollyowned subsidiary Toll (Asia) Pte Ltd. Toll has made voluntary conditional cash
      294 words
    • 402 8  -  STOCKS R SIVANITHY Senior Correspondent AFTER gaining 33 points in the previous two sessions, the Straits Times Index (STI) fell 23.73 points to 2,489.15 yesterday, victim of a region-wide selloff triggered by Wall Street's Monday drop which in turn came after a bond market selloff sent
      402 words
    • 269 8  -  CHART POINT By YEO KEE YAN, chartist at Kelive Research GAINS in selected blue-chip stocks such as Singapore Press Holdings (SPH), Singapore Telecommunications (Sing Tel), and United Overseas Bank (UOB) continued to prop up the Straits Times Index (STI), which momentarily pushed it above the
      269 words

  • Page 9 Advertisements
    • 48 9 YAFRIRO Celebrer Le Temps was honoured to sponsor a HAUTLENCE Hautlence HLO6 00/88 watch for The Kidz Horizon Charity Gala Dinner on 25th Februry 2006 and would like to announce that the highest bidder is Mr Mrs.Ben Chng J llmj* > Si m v JmM. y f^ll pHP 8
      48 words

  • SINGAPORE NEWS
    • 651 10  -  Markets immature but investor demand is great: Henderson By GENEVIEVE CUA ASIA is an emerging market for real estate investment trusts (Reits), and hence is expected to generate "super normal" returns, says Chris Reilly, Henderson Global Investors' director of property (Asia). In Henderson's
      651 words
    • 519 10  -  By RONNIE LIM SHELL and its project partner, the Economic Development Board (EDB), are finalising investors for the downstream plants at their planned, multibillion-dollar Singapore petrochemicals complex. "Negotiations are at a critical stage, especially with D-day drawing near," one source said
      519 words
    • 467 10  -  Reports by KALPANA RASHIWALA THE Hilltops Apartments at Cairnhill Circle are back on the collective sale market two years after the owners backed away from 'selling en bloc because the price was not good enough. The choice site is again being
      467 words
    • 308 10 BUKIT Sembawang Estates has snapped up Chez Bright Apartments at St Thomas Walk in the River Valley area through a collective sale. The price it is paying is $54 million, or $625 per square foot of potential gross floor area inclusive of an
      308 words
    • 279 10  -  By CHEN HUIFEN GENEVA-BASED testing and certification company SGS SA has opened a new laboratory in Singapore to tap into the growing biotech and pharmaceutical sectors here. The new laboratory will offer quality control (QC) testing of pharmaceuticals, biopharmaceuticals and medical devices.
      279 words
    • 260 10  -  By JURENA CHAN SINGAPORE Management University (SMU) has pipped the National University of Singapore (NUS) in terms of graduate employment for a second straight year, according to figures released by the two institutions. SMU said yesterday that 100 per cent of its 2005
      260 words
    • 541 11  -  YESTERDAY IN PARLIAMENT Health minister also announces moves to improve hospital disclosure By CHEN HUIFEN HEALTH Minister Khaw Boon Wan yesterday announced changes aimed at improving the Singapore healthcare system, starting with increasing the potential supply of doctors. He wants the Singapore
      FILE PHOTO  -  541 words
    • 231 11 Bloomberg SINGAPORE will be able to meet its own water needs by 2061, when a second supply contract with Malaysia expires, Water Resources Minister Yaacob Ibrahim said. The city-state is turning a river and bay into a reservoir, building desalination and water-recycling plants
      Bloomberg  -  231 words
    • 272 11 SINGAPOBE has won three awards at the Global Water Awards 2006 ceremony in Dubai, bearing testimony to the international recognition its water industry has been receiving. Into the second year, the awards presented at a ceremony on Monday are organised by Global Water
      272 words
    • 330 11  -  By DANIEL BUENAS AS part of Singapore's broader efforts to restructure itself to become a knowledge-based, innovation-driven economy, the Ministry of Education (MOE) plans to introduce advanced elective modules (AEMs) and new applied subjects in secondary schools. This was announced in Parliament
      330 words
  • Page 10 Advertisements
    • 691 10 :*at^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SING HOE METAL PTE LTD (Co. Reg. No. *****0059W) AND PROGRESS MANUFACTURING (HOLDING) PTE LTD (Co. Reg. No. *****7522Z) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290) At the Extraordinary General
      691 words
    • 459 10 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF KOBAYASHI YOKO SINGAPORE PTE LTD (In Members' Voluntary Winding-Up) Company Registration No. *****2601 M NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the-Members of the
      459 words
    • 100 10 I I I 125 Years |ojw4oolMa^ 1 Ask us about Corporate, Individual or Group Instruction, j 3 Call Berlitz today 6733-7472 or visit www.berlltz.com i 501 Orchard Road 005-03/04 Wheelock Place Singapore *****0 j play Ml CfW TIME! Branch OEM Factory WFOE Reps JVs Trading company Tel/Mail Forwarding Embassy Certify
      100 words

  • Page 11 Advertisements
    • 93 11 Some stand at the crossroads of power and luxury. Some choose to own it all. <4\>V :-C PiS M^|fl| v.* V- k The Lexus GS 300 228bhp V6 3 0 litre engine with dual VVT-i and 6-speed automatic transmission Air conditioning that automatically senses the intensity of sunlight h xtra
      93 words

  • ECONOMY WATCH
    • 751 12 Over US$475b in takeovers in 2006 is the busiest start for any year since 2000 Bloomberg [PAßlS] A global backlash against foreign corporate investment may end up holding down growth worldwide, economists say. The mounting opposition to multinational mergers comes as more than
      Bloomberg  -  751 words
    • 485 12 NYT [VIENNA] Strange as it may seem, some Organisation of the Petroleum Exporting Countries (Opec) oil ministers are feeling sorry for themselves. For the last three months, a few of Opec's top representatives have argued that their oil-produc-ing cartel needs to
      NYT  -  485 words
    • 6188 12 UNIT TRUSTS FUNDS AM Anro M Mgt (S'pore) Star Europe Eqty!" 1908/ Star Europe Bond 1.174/ Star Europe 8al 1.163/ Star Asian fqer Eqty 1.158 Star Asia Bond 1303/ Star Asia Balanced 1.067/ Star Global Technology FuxJ!" 0-21/ MuM StFd 1.041/ Star Aaa BonKUSO) 0.804/ Gb MuM St USD 1.159/
      6,188 words
  • Page 12 Advertisements
    • 32 12 I AllianzGl Global Internet Fund Best Fund over 3 Years Allianz fill) Equity Sector Information Technology G i oba i nve stors Souri C. Tilt: Edge-Lippot Sinr|rtpoic fund A\7'ikK companyregn no *****71f>9Z
      32 words

  • MALAYSIA/INDONESIA
    • 582 13  -  US$3b investments in two months propel rupiah up against US$ By SHOEB KAGDA in Jakarta LURED by better credit ratings and relatively high yields, international fund managers pumped more than US$3 billion into Indonesia's bond markets in the first two months of this year.
      582 words
    • 450 13  -  By PAULINE NG in Kuala Lumpur MALAYSIAN Chinese businesses say they are still cautiously optimistic about the economic outlook for the first half of the year, but more gloomy about the outlook over the next two to three years. In a survey of the
      FILE PHOTO  -  450 words
    • 404 13 Reuters [KUALA LUMPUR] Financial index provider FTSE has dropped 10 Malaysian firms from its global equity index series, rubbing salt into the wounds of the local bourse that was Asia's worst performing over the past six months. FTSE made the changes after reviewing
      Reuters  -  404 words
  • Page 13 Advertisements
    • 49 13 r. *1, w?i? ft This announcement appears as a matter of record only. i. <\ i housing \m> DEVELOPMENT I Ml) board t *****,000,000 3.73% Notes due 2016 issued under HDB's 557,000,000,000 Medium Term Note Programme Joint Lead Managers Oversea-Chinese Banking Corporation Limited Standard Chartered Bank, Singapore Branch ©OCBCBank I
      49 words
    • 113 13 Any deposit will be subject to the Bank s standard terms and Conditions for deposit products A copy 0* which will be provided prior to application Foreign currency deposits may be subiect to foreign exchange fluctuations vrfuch may affect your return n Jkljf AllC§MlffM RMMIf local currency terms Exchange controls
      113 words

  • GREATER CHINA/INDIA
    • 224 14 Bloomberg [SINGAPORE] ICICI Bank Ltd will open branches in Belgium, other European nations, Africa and the Middle East, seeking to win a bigger share of loans to Indian companies expanding overseas and remittances by Indians living abroad. ICICI, India's biggest private lender,
      Bloomberg  -  224 words
    • 457 14 Shares of Packer's PBL, which bought casino licence with Melco, also rise Bloomberg [NEW YORK] Wynn Resorts Ltd, the casino operator headed by Stephen Wynn, sold a licence to run Macau casinos for US$9OO million, sending its share price soaring to a three-year
      Bloomberg; BLOOMBERG FILE PHOTO  -  457 words
    • 339 14 Reuters [SHANGHAI] China's banks, faced with the prospect of increased foreign competition from 2007, are pushing to expand into insurance, stock brokering and other financial services in pursuit of one guiding principle: size'matters. With full-service giants such as Citigroup Inc and HSBC Holdings Pic
      Reuters  -  339 words
    • 419 14 They'll spend almost US$7 billion on diversification Bloomberg [MUMBAI] The Ambani brothers, after parting company, are planning to expand their respective groups in a big way. The two brothers will spend nearly US$7 billion to branch out into new businesses. Sources said Reliance Industries
      Bloomberg  -  419 words
  • Page 14 Advertisements
    • 30 14 i^' it' .i v^at^iPW 1 exceptional Premium JBII^Mi^BBiI^BBMHHMHIIMBMBIIiMBM^BIiIiiIiiiiiIIIiMMi^" ©Premium Automobiles Showrooms: 9 Leng Kee Road Singapore *****0 Tel: 6566 1111 •55 Übi Road 1 Singapore *****9 Tel: 6388 2323 *****2271W
      30 words

  • Page 15 Advertisements
    • 205 15 »«<% 1| y -itjk i *m f .i. 55^^ -A. I v, I I ?ft> ng |l I- i.3t i tlJMtf" MM k m limrr n m M jjT jgk' A jmm ML Rfl E> (J D I I I J!r/ rv/l\ I I J J- I «s®^>-4. Time to
      205 words

  • ASIA-PACIFIC/WORLD
    • 577 16 But analysts question its strategy of growing through M&As NYT [NEW YORK] Is bigger necessarily better when it comes to running a telecommunications company? Apparently, AT&T thinks so, announcing plans to buy Bell South, the primary phone and broadband provider in
      NYT  -  577 words
    • 280 16 LATEST US DATA Reuters [WASHINGTON] US nonfarm business productivity fell at a 0.5 per cent annual rate in the fourth quarter, a smaller drop than first thought but still the first decline in nearly five years, a report showed yesterday. Wall Street had expected
      Reuters  -  280 words
    • 2452 16 VOL Mar 7 KM ('000) A»M Realty 1.39 unch 5 Abric 0.31 unch 48 ACP Industries 0.72 -0.02 338 Advance Synergy...- 0.17 -0.01 137 Adventa 0.27 unch 242 AE Multi 0.38 -0.01 60 Affin Hldgs 1.60 unch 234 Ahmad Zaki Res 1.80 -0.06 231 AIC Corp 0.89 -0.01
      2,452 words
    • 242 16 Reuters [NEW YORK] NBC Universal on Monday said it would buy iVillage Inc, an operator of a network of websites for women, for US$6OO million, marking the latest move by a major media company to use its programming foundation to tap further into
      Reuters  -  242 words
    • 317 16 Reuters [FRANKFURT] Germany's Linde has agreed to buy UK-based rival BOC Group for £8.2 billion (5523.3 billion), vaulting to top spot in the industrial gases market ahead of France's Air Liquide. BOC's board reversed its previous opposition and approved the deal valuing
      Reuters; BLOOMBERG  -  317 words
    • 598 16 AFP. Reuters [WASHINGTON] More and more American women are swapping briefcases and suits for jeans and diaper bags as they opt to stay home and raise children, putting the brakes on decades of female advances in the workplace. For the first time
      AFP.; Reuters  -  598 words
    • WORLD WATCH

  • THE BUSINESS TIMES Sinqapore Corporate Awards
    • 595 17  -  By Leslie Yee EXCELLENT boards, annual reports, chief financial officers and investor relations practices these are what the inaugural Singapore Corporate Awards (SCA) seek to recognise. The event introduces two new awards, for best CFO and investor relations, while incorporating two existing ones the Best Managed Boards Award
      595 words
    • 1026 18  -  Chua Sock Koong's journey at SingTel almost parallels the development of corporate Singapore, SIOW LI SEN explains SIOW LI SEN IF ONE needed to illustrate a particularly Singaporean trait, which is that we are usually the last to recognise the leaders among us, the Chief Financial
      ARTHUR LEE  -  1,026 words
    • 240 18 SINGTEL'S share price performance has generated some controversy over the years, especially since it is Singapore's most widely held stock. The question centres on how much shareholders gained or lost since its listing. Much depends on which tranche of shares they bought. Sing Tel
      240 words
    • 1065 19  -  MATTHEW PHAN meets award-winning chief financial officer Soh Gim Teik, who quietly keeps the company in financial step MATTHEW PHAN A SPECIALTY retailer of luxury watches, Sincere Watch is better known for its branded timepieces that could adorn your wrist for $20,000. Or, if
      ARTHUR LEE  -  1,065 words
    • 1295 20  -  When it comes to corporate governance, there are 5 key issues that many boards have yet to address, says MAK YUEN TEEN MAK YUEN TEEN IMPROVING corporate governance has been described as a never-ending journey. While Singapore has come a long way from the 1997 crisis days,
      1,295 words
    • 1027 21  -  The board of directors has many responsibilities, not least of which is transparency and disclosure, WONG WEI KONG reports WONG WEI KONG IT wasn't too long ago that the boards of companies were regarded as old boys' clubs, with agreeable conversations, rounds of golf and
      1,027 words
    • 1358 23  -  Good investor relations start with the Triple As accountability, accessibility and availability, says ELAINE LIM ELAINE LIM IN the wake of the downfall of Corporate America, triggered by Enron, Worldcom and Tyco, followed by a stream of other corporations, corporate governance and business integrity have
      FILE PHOTO  -  1,358 words
    • 821 24  -  CHRISTINE ONG underlines the importance of corporate governance CHRISTINE ONG HIGH standards of corporate governance can and should provide companies with a source of competitive advantage, and I have no doubt that it is already the new gold standard against which local and multinational businesses will be
      821 words
    • 1367 25  -  WONG WEI KONG catches up with the men who know all about maintaining good investor relations WONG WEI KONG YOU can always count on a call from Singapore Telecommunications (Sing Tel), even if you're an investor half a world away. Singapore's biggest listed company and the region's
      1,367 words
    • 1291 26  -  Much thought, planning, commitment and effort go into the making of the best annual reports in town, as WONG WEI KONG finds out from three of this year's Gold ARA winners WONG WEI KONG ALL listed companies in Singapore publish &n annual report. But that is
      ARTHUR LEE  -  1,291 words
    • 798 28  -  How does STE manage to post its results so quickly every year? WONG WEI KONG gets some answers from CEO Tan Pheng Hock WONG WEI KONG WHEN defence conglomerate Singapore Technologies Engineering (STE) announces its results, it usually also marks the start of the
      798 words
  • Page 17 Advertisements
    • 146 17 Coordinator Wong Wn Kong Editor Elaine fob Sub-editors: Leong Sau Ming, Lftan Lee Artists: Jennifer Chua, Noonfn Ayob Photographer Arthur Lee Excellence in corporate governance and shareholder communication is highly valued at ÜBS, which is why we are especially proud to support the Singapore Corporate Awards and their work to
      146 words

  • Page 18 Advertisements
    • 159 18 OUR HEARTIEST CONGRATULATIONS TO |P B|A OKP HOLDINGS LIMITED v, Gold Winner Singapore of the best annual report award Corporate ]V forsesdaqcompaniesatthe Awards inaugural Singapore corporate awards 2006 Our Corporate Vision Jr "To be a leading regional transport Infrastructure builder and civil engineering company In Singapore, and to be the
      159 words


  • Page 20 Advertisements
    • 190 20 t3*& w < -v.; i'V Celebrating our Achievements SP Chemicals is committed to doing our best in everything. From the way we run our business to how we communicate to our 2006 stakeholders. While we have not set out to win awards, it is gratifying that our efforts are recognised.
      190 words

  • Page 21 Advertisements
    • 86 21 WWW.SgXX(dh|P>J_ ■r t /.y n/ I j j t I Hf %il —i% HlJr goocf corporate governance A wM m ■L," Open'communication with stakeholders ||||l r V V 1 ''-r ..!'*-K/) -T >~• .T V »'v._ SGX. Well-positioned in every way to be the Asian Gateway. SGX Building an enduring
      86 words

  • Page 22 Advertisements
    • 286 22 f Congratulations! We salute all the winners of the inaugural Singapore Corporate Awards. You have helped to raise Singapore's corporate disclosure and transparency standards. Thank you for serving as exemplary role models in corporate governance best practices. Best Managed Boards Award Best Annual Report Award Companies with > $500 m
      286 words

  • Page 23 Advertisements
    • 33 23 Companies can refer to the BT Corporate Transparency Index to assess their standing among their peers for the quantity and quality of financial information provided, and work out ways to improve their standing.
      33 words
    • 31 23 <>■»——» m« i i^— 1 9111^^H IBP BBHP HBi AT. M Jl a >■■*; "J?..i-'" M tr I a jgC- «i i![^_i_ l ~~2^BHli^HHE&flk--.M_^^^^^^^lHfell^^^^^^^^^B fcSfc&r* -i *N* *"i m -Mjj i 'I| *9r
      31 words

  • Page 24 Advertisements
    • 504 24 Bronze Award 4 B©St CORFOK^VrK avxakds^ Relations Attaining Ever Higher Levels Of Tyres has as a Bronze well-deserved endorsement our efforts our our valued shareholders, investment professionals M JmM i fIU and investors at large by involving them in 1 CM^^WU"»h t "V .X' W mmmki* jAA HUSTMLU f-^> Stamford
      504 words

  • Page 25 Advertisements
    • 160 25 A with Passion^ 1- >k m. Cocoa and chocolate are our passion; it is our privilege that in communicating our enthusiasm we have been recognised with the 'Silver Award' for the Best Annual Report at the Singapore Corporate Awards 2006. V Our two key business divisions Cocoa Ingredients and Branded
      160 words

  • Page 26 Advertisements
    • 159 26 r■■■-■ ifei I The Hole Solution Provider V Multi-Chem is honoured to be one of the winners of the first euer Singapore M CORPORATE W 2a Singapore Corporate Awards. Multi-Chem is the leading printed circuit board (PCB) drilling and routing specialist in Singapore and Eastern China. The Company is also
      159 words

  • Page 27 Advertisements
    • 111 27 JaS Star Hub thank a person and chances are that he, or she, will just smile, say 'you're welcome' and walk away. But today, all the people we're saying a BIG 'thank you' to have helped us grow and will be with us in the exciting times to come. They're
      111 words

  • Page 28 Advertisements
    • 63 28 "1» Ik JJm Mk H >; *31^* HH JSk j^^HF' Inspired to excellence with clear directions for the Group, the quality culture at Qian Hu pervades throughout the organization. Since our listing in 2000, we have been guided by another important mission to create value for our shareholders Vlr r
      63 words

  • MOTORING
    • 501 29  -  Centre comes with showroom, can service up to 150 cars a day By SAMUEL EE BUDGET brand Hyundai has finally found its ideal service centre in eastern Singapore thanks ironically to luxury marque Mer-cedes-Benz and competitor Kia. Authorised distributor Komoco Motors opens its
      ARTHUR LEE  -  501 words
    • 643 29  -  By SAMUEL EE THE frenzy that greeted the new online vehicle services system of the Land Transport Authority (LTA) a week ago has died down and things are "back to normal", says Maria Choy, group director of LTA's Vehicle and Transit Licensing (VTL)
      643 words
  • Page 29 Advertisements
    • 73 29 I i BHteggfl I Kb B J" of CNnese newspaper I^|RlJ'. readers may never get H r «Hr to know about your p great offers. f It's a fact: 70% of Chinese newspaper readers don't read English dailies. If you are not advertising in SPH Chinese newspapers, you are potentially
      73 words

  • AVIATION
    • 736 30 Air France KLM's passenger traffic is up 8.5%; easyJet's is up 9.4% from a year earlier Reuters [PARIS] Air France KLM c(nd easy Jet reported rises in February passenger figures yesterday despite high fuel costs and sluggish travel markets that have
      Reuters  -  736 words
    • 748 30 Reuters [SINGAPORE] Asia-Pacific airlines have raised their jet fuel hedging this year to take advantage of a dip in oil prices, guarding against the potential for a market rebound due to geopolitical supply concerns. Major regional airlines and budget carriers have
      Reuters  -  748 words
    • 131 30 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, which flew a record number of passengers in 2005, may report a 24 per cent decline in second-half net income, after failing to cover surging fuel costs with surcharges. Profit may have fallen to HK$2.Ol
      Bloomberg  -  131 words
    • 502 30 Bloomberg [FRANKFURT] Fraport AG, owner of Frankfurt Airport, said fourth-quarter profit rose 36 per cent and predicted higher earnings this year as the German company cuts labour costs and expands overseas. Net income rose to 26.1 million euros (S$51 million)
      Bloomberg  -  502 words
    • 920 30 CUT www IT* fu*WT fro va ill MZ901 1245 —Kisnsn® Calrm A07K1 1910 V SOW 0130 c2» —mm mm m w {Hum UA895 2355 UAS96 0645 CSfttSufcS Copwilwgwi SQ351 06?5 "W97T ™i —mi bis mil —g|] jfii m fov»o IW568 1910 W5« WC5 SQ147 2235 A*****
      920 words
  • Page 30 Miscellaneous
    • 206 30 CRYPTIC CROSSWORD can ~j|r 29 thinner (iof n beCOmm9 a gin to force wrecking (10) YESTERDAY'S SOLUTION 13 Fruit produced by the Argen- Across: 1 Put-up job, 5 Starch, 9 DOWN tines (10) Eyetooth, 10 Geisha, 11 Distaff, 12 2 Love the guys signal (4) 14 Attempt to catch a
      206 words

  • SHIPPING
    • 613 31 Overworked US ports must upgrade to cope with rising trade: US official Bloomberg. Reuters (LONDON] A UK appeals court refused to review the recent approval of DP World's US$6.B billion acquisition of Britain's Peninsular Oriental Steam Navigation Co. The Court of Appeal on
      Bloomberg.; Reuters; AFP  -  613 words
    • 330 31  -  By DONALD URQUHART [SINGAPORE] There is an urgent need for regional response plans to deal with the growing risk of pollution as a result of the increasing quantities of petrochemicals being shipped, a conference hosted by the Maritime Port Authority (MPA) of Singapore was
      330 words
    • 262 31 Bloomberg [NEW DELHI] India's cabinet has approved a plan by state-owned Shipping Corp of India Ltd, the nation's biggest freight company, to form a joint venture with three Japanese companies in Panama. Shipping Corp will spend US$2O.BB million for a 33.77 per cent
      Bloomberg  -  262 words
    • 755 31  -  STRAIT TALK By DAVID HUGHES NOBODY who has been involved in shipping over the past two or three decades will be unaware of the way environmental issues have moved from being of marginal concern to taking centre stage. That theme was picked up by Evergreen vice
      755 words
  • Page 31 Advertisements
    • 287 31 "SHIPOWNERS HH Ship Registration International Ship Registries (ISR) provides fast j\ 1/ efficient service for registration licensing of ships under various flags. pO Ship Classification K'aj International Ship Classification (ISClass) is an \J*J independent organization providing classification |KS iscioit services for newbuildings existing vessels as pJSH well as statutory surveys
      287 words
    • 56 31 ■su s h 1 j iBSBi ioff for Sushi Sashimi fliUdllNii Terms Conditions Apply Sushi Don Pte Ltd 109 North Bridge Road #81-01 A Funan Oigitalife Mall, Tel: 6338 9894 Sushi Don (Rendezvous) Pte Ltd 9 Bras Basah Road #01-01, Hotel Rendezvous Gourmet Gallery, Tel: 6883 2159 i Present this
      56 words

  • EDITORIAL & OPINION
    • 525 32 EDITORIAL WHY is a piece of legislation that ostensibly seeks to curtail pornography raising unprecedented opposition from so many sectors of Indonesian society? For instance, the Bill has so incensed the Balinese that they have threatened to seek independence from Jakarta if it is passed
      525 words
    • 1446 32  -  Samir Modi plugs a gap in the subcontinent's shopping scene with open-all-hours retail VIKRAM KHANNA Associate Editor AS the debate over the opening of India's retail sector to foreign players rages on, one plucky entrepreneur is quietly building what could be one of the
      PHOTOS: KK MODI GROUP  -  1,446 words
    • 788 32  -  THE BOTTOM LINE FRANK CHING QUESTION: When is a change not a change? Answer: When the government making the change insists that nothing has changed. This is the situation in Taiwan, where President Chen Shui-bian signed documents on Feb 27 to do away
      788 words
    • 867 33  -  Leading companies have one thing in common a single-minded focus on getting, developing and retaining talent By IAN TILL EACH year, in good times and bad, General Electric takes in several thousand new graduates. Every time a resume comes in, Procter Gamble
      FILE PHOTO  -  867 words
    • 281 33  -  LETTER TO THE EDITOR Leong Sze Hian Singapore I REFER to the article "s4oom to help older, lowwage earners" (BT, Feb 18) and media reports that the Criminal Legal Aid Scheme was set up in 1985 because Harry Elias, the former president
      281 words
    • 1308 33  -  By LE-MIN LIM Bloomberg QIU Xiyu no longer counts on the Shiyang River to sustain his family's wheat and cotton crops as his father did. Increasing water use by cities ries upstream reduces the river to a trickle by the time it reaches his
      Bloomberg; BLOOMBERG  -  1,308 words

  • Page 33 Advertisements
    • 102 33 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, 1 and bear in mind libel
      102 words

  • 10853 34 5GX MA1NB0ARP 52 WV Tel Last Vol Day Last Quote GrOtv Di» GrVW Net MCap High Low Code Company Sale ('000) Mgh Low fciyr Safler C»t Hi Smll 5 2 5716 1st Software 5c 2 -0.5 119 2 2 2 2.5 8.1 18.5 6 3148 8Telecom US2c 7.5
    10,853 words
  • Page 34 Advertisements
    • 32 34 Trade from 20% deposit (5 x leverage) on most stocks £o long or short Competitive financing rates In all markets Access to Asian, US, Euro stocks Select Exchange Traded Rinds and todlcee
      32 words

  • 6081 35 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local can la SS to 041 %<fy %yr dy %r Mart Indan Changa Changa Chang* Chaoga Chang* Chawga World inde»Prelwn**ry ***** 02 36 05 2-2 Oil 4.4 I EAfE Preliminary ***** 06 42 08 J 4 04 5.7 fwope Preliminary 1*28 05
    6,081 words

  • Page 36 Advertisements
    • 1052 36 I 1 I■ YjiiiilKE NYK GROUP SOUTH ASIA PTE LTD ySJSL fyMj ry mMT TEL 6295 0123 Y= S??® T i!I«S?, I S^,i'I NE Fax:6292 2856(Reg^naJsates)/*****109(0P5y6299 5785(Documentation) NIPPON YUSEN KAISHA TOKYO KNPAKU KASHA. 170. (C/R NO: **********0E) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination ERIKOUSA RDM/A7W/BMN/TLB/NAN JOHN F CAM/NFK/NOL/SAV HANJIN
      1,052 words
    • 818 36 ItNTfUASIA ItOftO SfKVKE vesa/voT umn) hbghiw wg koi 10 sw I jkt STIAITS VENTURE 05/06 IS 3.2 22/03 25/03 30/03 02/04 04/04 STtATIS VENTURE 06/06 IS 3.2 06/04 09/04 20/04 23/04 25/04 STRAUS VENTURE 07/06 IS 3.2 27/04 30/04 04/05 07/05 09/05 [AUSTRALIAN ROUP SWYICi S vßsa/vor mohkd) «gwtpiq| la
      818 words

  • Page 37 Advertisements
    • 1947 37 WAN HAI INTERNATIONAL PTE LTD dNftiwsffOOOO/i IrrrA iuim Mi..#. TEL *****588 (14IMS) FA&*****163 V\|l N WAN HA I I INrX Out—rServka/looMagsßradUae-(1800)*****200 V 11 V TTnll I Iff I LIIILJ nam; (03) 3344W1FU: (03) *****2 M ft* I* (04) 22*5900 V JOHIH:|t7)2SIWZINUbK7|2SI(RI SUR IB: |0}1) 32V547S MX: (031) 32V2714/WI3SS www wonhii
      1,947 words
    • 1270 37 VBSa VOY SIN JKT HUG KHH INC KYH HJS VESSEL VOY SIN JKT SUB HKG DSN PUS HYHIDCE 10SS 9/3 11/3 14/3 11/3 20/3 B/3 g/3 KMTC SIWGAPOKE 603S 12/3 15/3 16/3 21/3 25/3 26/3 HYWADtVOSTOK 173S 16/3 l»/3 23/3 25/3 27/3 29/3 W/3 SUNSET lAY 603S 11/3 22/3 23/3
      1,270 words
    • 894 37 m SX3IS9Z** WEEKLY EXPRESS SAILING SCHEDULE I" ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS I VKSa I VOT SIM I PJQANgI COLOMBO |N. SHEVA I COLOMBO I I IHDIKA GAWDHI 1 8I07W 1 03 AHt 104 Aft. 107 Aft IIOAW I 13 Aft I ALSO ACCEPTMG K1 TO
      894 words

  • Page 38 Advertisements
    • 931 38 raNordana (Asia) Pie Ltd 70 Shenton Way, #21-03 Marina Hovm Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATK ARE ARRIVAL DATES VESSEL VOY IShoopore Fro—ti. Com Iskwd CWistwot Ulowd Jakarta BjjMHB Istand I IE6P2 I QZito llJta MMor l I 2Utai JMLxm rn liMfii
      931 words
    • 829 38 vtssti vor sin pou vissti voy sw jkt CSf 2301 02W 09/03 10/03 PAC UNTAX <341 iT7O3 14/03 mum 1483!! 10/03 10/93 «09 i/oi CSf 2301 0249P 11/03 12/03 PAC MNTAN <342 11/03 21/03 Sat m um n/03 i"™, su—M—ws— -mum ma! UZH »/m «n 37/ m »/m am. WW
      829 words
    • 383 38 i BSA x o MYANMA M FIVE STAR LINE (Myonmar National Line) Loading for Yangon VESSft VOY SM PKL PEN PGU OUNSHWIHAW VOW SID PAGAN 349W SID IN MALAYSIA: IOUSTIAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****15 ACCEPTIN6 CONVENTIONAL C6O vtssa votwg sn m kch tw mi son twu UONtfART 145
      383 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7136 39 This ETA ETA Advertiser Vessel Voyage Telephone SIN Oesfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 18/03 18AM China Shpq CMA CGM MAKASSAR SX219W *****898 21/03 02/05 China Shpq CMA CGM KOMOOO SX221W *****898 22/03 22/04 Delmas NALA MIMAS 616W *****344
      7,136 words

  • Page 40 Advertisements
    • 148 40 ■U| I al l7l\ y J F" 11 Hr-r jffijfrlMi&j^fcl tf *f IKSI d) °HkE gj «p V Step up your performance with SG ClB's innovative investments Lyxor Funds SG Warrants. Globally recognised as "The Best Equity Derivatives House", we deliver performance for you. Award Highlights: Best Equity Derivatives House
      148 words

  • EXECUTIVE MONEY
    • 992 41  -  MONEY MATTERS The risk-versus-reward paradigm increasingly points to a market correction. A look at some significant risks facing the global market PHILIP LOH LOW volatility in the stock markets over the past few years has whetted the appetite of retail investors. They are coming
      992 words
    • 367 41  -  By GENEVIEVE CUA EMERGING markets have seen at least three years of robust returns, but Deutsche Bank chief Asian strateGittler continues to faAmong equities he favours Asia ix-Japan while for fixed-income he ikes Latin American bonds. Mr Gittler sees the fundamentals of a number of
      367 words
    • 640 41  -  UOBAM says it's business as usual despite disruption after key personnel left By GENEVIEVE CUA BUSINESS as usual? Definitely so, says UOB Asset Management (UOBAM) executive director Thio Boon Kiat, more than a year after the departure of the firm's long-time chief executive, Daniel
      640 words
    • 278 41  -  By Chua Boon Lee, Standard Poor's Associate Fund Services GLOBAL equity markets managed to eke out a modest rise overall in February, with the S&P/Citigroup BMI Developed Wodd Index gaining 0.24 per cent in local currency terms during the month. Europe posted the best regional returns with
      Source: Standard and Poor's  -  278 words
    • 1105 42  -  Those who invested in equities were amply rewarded while those who put their money in protected funds fared the worst. GENEVIEVE CUA looks at the volatility factor GENEVIEVE CUA IF you brushed aside fear of the market in the last three years and stayed
      1,105 words
  • Page 41 Advertisements
    • 268 41 Inviting tenders? Call 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. f Romancing Alvaro Palacios Saint Julien Le Restaurant 16th March 2006, 7.30pm SS2SO nett per person Only 50 seats available! menu APERITIF COCKTAIL BOEUF BEEF TENDERLOIN Cocktail at the lounge with selection
      268 words

  • Page 42 Advertisements
    • 173 42 MONEY MATTERS Stock markets heading for choppier times PG4I Driving Pleasure t 1 r R& I w EjlJfliiL J lpsr jl >r *v* *T'~^y^^?^i-iiiirmmmm I flp 9 Ste* t JH Vfl ffwflflKr t i J ii IV The BMWX3. Extra 93 The versatile BMW X 3 has been enhanced to
      173 words