The Business Times, 15 March 2006
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2006-03-15
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The Business Times
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Title Section17 2006-03-15 1 THE BUISNESS TIMES Wednesday, March 15,2006 SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 099/03/200617 words
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Article, Illustration443 2006-03-15 1 MATTHEW PHAN - By MATTHEW PHAN [SINGAPORE] The percentage of Singaporean companies that are "super-growth" defined as having expanded at well above the average global rate of mid-sized companies has slipped to 10 per cent in 2006 from 11 per cent last year, according to the GrantSource: Grant Thornton International - 443 words
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Article139 2006-03-15 1 STI 2,506.70 (-5.44) ST INDEX FUTURES 2,506.00 (-6.00) SIMSCI 296.54 (-0.66) SIMSCI FUTURES 297.00 (-0.50) MARKETS Tuesday Change KLSE COMP 924.37 +2.34 NIKKEI 225 16,238.36 -123.15 HANG SENG 15,519.76 -22.31 SET INDEX 738.63 +5.75 JAKARTA COMP 1,245.38 +1.72 MANILA COMP 2,120.99 -OJ7 SEOUL COMP 1,326.30 -11.98 SHENZHEN B139 words
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Article, Illustration943 2006-03-15 1 SIOW LI SEN in Singapore, S JAYASANKARAN - It ropes in another Thai investor as its stake hits 96.12% By SIOW LI SEN in Singapore, S JAYASANKARAN in Kuala Lumpur AMID news yesterday that Temasek Holdings has ended up with a 96.12 per cent stake in Thailand's Shin Corp, the Singapore943 words
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Advertisement58 2006-03-15 1 fe INTEGRATED J RESORTS Harrah's-Keppel ropes y V\ Titanic director PG 3 Commentary; DBS will be put to the test in Korea PG 3 It will fund KEB bid with own capital: Jackson Tai pG4 BACK TO BUSINESS IN THE PHILIPPINES Trade and Industry Secretary says the country's economic team58 words
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Advertisement166 2006-03-15 1 MOTORING Volvo sexes up r i 1 convertible, coupe market m Protesters out in force in Thailand PG 2 Turn on under our NEW International Mortgage Service Hf Jffi A. M^>ite^'* ll niti MIIJII aM ***** > Financing, refinancing* or equity release of residential properties j in Great Britain, Spain,166 words
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Advertisement9 2006-03-15 1 EXEC MONEY Structured products find new investors PG 289 words
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TOP STORIES
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291 2006-03-15 2 LESLIE YEE - Bonds will translate to about 15% share in E.Sun upon conversion Bv LESLIE YEE [SINGAPORE] Temasek Holdings is making its first major direct investment in Taiwan, with the announcement yesterday that its unit Adahlis Holdings will subscribe for about US$4OO million of convertible bonds291 words
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Article, Illustration610 2006-03-15 2 By OUR CORRESPONDENT in Bangkok THAILAND'S political situation remained tense yesterday as more than 100,000 protesters gathered on the streets of Bangkok, vowing to stay put until the embattled prime minister quits. With what was probably the biggest rally yet against his administration, ThaiAFP - 610 words
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Article458 2006-03-15 2 DBS Group will be put to the test in Korea DBS Group's bid to buy Korea Exchange Bank seems odd, given that South Korea is fairly untested ground for the local bank. There are Asian markets with better growth prospects and where DBS has more experience, says our458 words
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734 2006-03-15 3 LESLIE YEE - BID FOR KOREA EXCHANGE BANK STAKE HOCK LOCK SIEW By LESLIE YEE IN KOH Boon Hwee's final year as chairman of SingTel, Singapore's telecom giant struck a deal to buy Australia's Cable Wireless Optus for around $13" billion. Five years later,734 words
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Article, Illustration429 2006-03-15 3 ALEXANDRA HO - By ALEXANDRA HO (SINGAPORE] It's marketed as entertainment for the whole family children, teenagers and adults. In the latest move to reinforce their Marina Bay integrated resort (IR) bid, Harrah's Entertainment and Keppel Land have snagged Academy Awardwinning Hollywood director James Cameron ofAFP - 429 words
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Page 2 Advertisements
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Advertisement528 2006-03-15 2 Deloitte. Date Seminar Outline This seminar is designed to provide you with an understanding of: 24 March, Friday The Companies (Amendment) Act 2005 which came into operation on 30 January 2006. The amendments include the removal of the concept of par value and authorized capital, reform in the Time capital528 words
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Advertisement9 2006-03-15 2 people Executive search, sia*■lPa c i f i o9 words
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Advertisement401 2006-03-15 3 Get free VIP membership at California Fitnessfor a month A free one-month VIP membership at California Fitness centre worth $350 is The promotion is part of a celebration to mark the opening of hive©RP, yours if you take this copy of BT to the promotion booth at Raffles Place Park401 words
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COMPANY NEWS
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Article, Illustration833 2006-03-15 4 ANGELA TAN - DBS FORAY INTO KOREA But bank is open to supplementary investors after deal, says its CEO By ANGELA TAN FUNDING is not a problem, even without the support of Temasek Holdings, DBS Group Holdings' chief executive officer Jackson Tai said yesterday ofFILE PHOTO - 833 words
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532 2006-03-15 4 OH BOON PING - By OH BOON PING DBS Group Holdings is seen by analysts as an unlikely winner of the majority stake in Korean Exchange Bank (KEB). Instead, they are betting on South Korea's Kookmin Bank (KB) and Hana Financial Group (HFG) as the preferred winners. In a532 words
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270 2006-03-15 4 Bloomberg [SEOUL] Hana Financial Group Inc, South Korea's fourth-largest lender by assets, said it has bid to buy a 6 trillion won (Sslo billion) stake in Korea Exchange Bank, in South Korea's largest takeover. Hana is competing against DBS Group Holdings andBloomberg - 270 words
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611 2006-03-15 4 DBS Group Holdings' financial strength rating may be upgraded by Moody's Investors Service because the credit rating agency does not expect the Singapore bank's bid for Korea Exchange Bank to affect its debt and deposit ratings. "Moody's Investors Service will continue to611 words
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Article426 2006-03-15 4 Dow Jones Newswires DBS Bank's bid for a majority ownership stake in Korea Exchange Bank (KEB) will likely push spreads on DBS US dollar bonds wider, said Lloyd Ong, senior credit analyst at BNP Paribas in Hong Kong. "You're looking at a minimum bidDow Jones Newswires - 426 words
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Article, Illustration421 2006-03-15 5 UMA SHANKARI - 3 raise stock target prices despite concerns by some over delivery By UMA SHANKARI LABROY Marine, which recently announced its plunge into the rig building market, saw immediate reactions from analysts covering the stock with all three raising their target prices by significant amounts.FILE PHOTO - 421 words
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607 2006-03-15 5 CONRAD RAJ - He is offering 10.5 cents a share, keeping listing By CONRAD RAJ A MALAYSIAN architect is making a general offer for Sesdaq-listed construction firm Top Global Ltd (TGL) at 10.5 cents a share. However, architect Yap Siean Sin has no intention of607 words
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Article256 2006-03-15 5 ASIA Water Technology, which provides purification and treatment systems in China, is placing 14 million new shares with two institutional investors at 47.5 cents per share. The new shares represent 10.51 per cent of Asia Water's issued share capital, which will rise to almost256 words
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Page 4 Advertisements
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Advertisement49 2006-03-15 4 —nzz n ANOTHER FREEHOLD RESIDENTIAL SITE NEAR ORCHARD TURN NO. 23 ANGUUIA PARK Site area 3,328.6 sq m (38,510 sq ft) Exclusive neighbourhood Plot Ratio 2.8, 36 storeys Walking distance to Orchard MRT Station Single owner ssssss:" Seasons nxa For Sale by Tender Closing: Tuesday, 11 April 2006, 4.00pm49 words
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Advertisement2305 2006-03-15 5 Tan Chong International Limited INTERNATIONAL i •>.!•» i (Incorporated in Bermuda with limited liability) FINAL RESULTS 5. Taxation The Board of Directors ("Board") wishes to announce the p or year ended following audited results of the Group for the year ended 31 31 December December 2005. 2005 2004 Consolidated Income2,305 words
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SINGAPORE MARKETS
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Article, Illustration851 2006-03-15 6 LARRY WEE - CURRENCIES Commodity currencies still look most vulnerable LARRY WEE Senior Correspondent A MIXED week of action in currency markets left the US dollar looking to this week's breaking economic data for near-term direction, with a fair chance that its upside correction may not851 words
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Article, Illustration1022 2006-03-15 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Mar 14 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Pate Director Sell '000 Shr COOP) COOP) Hotel Plaza 14-Mar-06 UOL Ltd Buy 18 na *****4 77.63 *****2 77.63 Vita Hldgs 14-Mar-06 Chong Thim1,022 words
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Article292 2006-03-15 6 MATTHEW PHAN - Compiled by MATTHEW PHAN DBS Group Holdings March 14 dose: $16.30 KIM ENG RESEARCH, March 14 DBS has confirmed it had submitted a bid for Korea Exchange Bank. According to the bank, it has put in a stand-alone bid for a majority ownership stake in the Korean bank292 words
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Article, Illustration384 2006-03-15 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent IF you were to strip out the warrants, bonds and other similar instruments from the advance-decline score, you'd find that there were 177 rises versus 165 falls in yesterday's trading suggesting a mixed session. Given that a hefty 380 counters were either384 words
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Article, Illustration259 2006-03-15 6 YEO KEE YAN - CHART POINT By YEO KEE YAN chartist at Kelive Research IT HAS been a tough week for small caps; as for blue chips, "uninspiring" best sums up the market mood. The Straits Times Index eked out a 17-point gain versus259 words
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COMPANY NEWS
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Article, Illustration379 2006-03-15 7 MICHELLE QUAH - Deal gives APB access to Anheuser-Busch's vast US network By MICHELLE QUAH SINGAPdRE-LISTED Asia Pacific Breweries (APB) has inked a deal with American brewer Anheuser-Busch for the latter to import APB's flagship product Tiger Beer into the United States,379 words
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106 2006-03-15 7 MEMORY Devices, a Singapore-listed company that makes data storage tools such as memory sticks, yesterday requested a halt in the trading of its shares pending an announcement. A company official declined to comment. But market sources said Memory Devices may announce a106 words
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COMPANY BRIEFS
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Article62 2006-03-15 7 DBS Group Holdings has registered a new subsidiary, DBS (China) Investment Co, Ltd in China. DBS (China) received a temporary business licence on Dec 23, 2005, with a formal business licence expected to be come by the end of this month. DBS (China) was set62 words
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66 2006-03-15 7 ADVANCED Holdings has promoted Steve Kek to chief financial officer, effective next month. Mr Kek, who joined Advanced late last year as corporate development director, will be responsible for all financial and corporate development aspects of the group, including corporate strategies, human resources and66 words
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Article63 2006-03-15 7 PETRA Foods, a major manufacturer and supplier of premium cocoa ingredients and branded consumer confectionery products, said it has acquired the remaining 30 per cent stake in joint venture company Sime Darby Marketing Sdn Bhd, for RM 1.52 million (*****,000) in cash. Petra Foods63 words
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Article106 2006-03-15 7 FRASER and Neave's wholly owned subsidiary, Frasers Centrepoint Limited (FCL), has issued a ninth series of fixed rate notes worth $200 million in principal amount. Itjp part of the $1.1 billion medium term note programme established on Sept 15, 2000. DBS Bank is106 words
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98 2006-03-15 7 HOME-FURNISHING group Man Wah Holdings said that sales orders rose some 29 per cent from its participation in the International Furniture Fair Singapore held early this month at the Singapore Expo, compared to a year ago. More than half of its orders98 words
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Article96 2006-03-15 7 MAINBOARD-LISTED Sunright Limited reported a 33 per centyear-on-year fall in net profit to $2.2 million for the first half of its financial year ended Jan 31,2006. Turnover dipped one per cent to $65.3 million. Core businesses continued to do well, but the company's distribution business96 words
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262 2006-03-15 7 Bloomberg CHINA Aviation Oil (Singapore) Corp, which is reorganising after a US$55O million derivatives trading loss, said a hearing related to its restructuring plan has been adjourned until next week. The company is seeking High Court approval for its proposal, which includes giving new sharesBloomberg - 262 words
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Advertisement154 2006-03-15 7 design is a beautiful thing Buy the all-new Volvo C7O coupe ,v t f r I HB |v and get the all-new Volvo C7O cabriolet THE ALL-NEW VOLVO C70.8E AMONG THE FIRST TO TURN HEADS IN IT. IT TAKES JUST 30 SECONDS FOR THE STYLISH ALL-NEW VOLVO C7O TO TRANSFORM154 words
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SINGAPORE NEWS
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404 2006-03-15 8 RONNIE LIM - Increased activity coincides with major operator's jetty renovation By RONNIE LIM HEIGHTENED speculative trading and jetty "renovations" have set off a chain reaction that has led to delays in loading and discharging at several oil terminals here. But industry sources404 words
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573 2006-03-15 8 CONRAD RAJ - By CONRAD RAJ SINGAPORE shareholders of Dutch retail giant Royal Ahold, which was involved in an accounting scandal a couple of years ago, may be able to share a US$l.l bil- lion payout by the company in a legal settlement reached recently as573 words
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SINGAPORE ROUNDUP
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36 2006-03-15 8 STAFF ofTemasek Polytechnic (TP) can now take part in political activities without approval. Previously, they had to obtain approval and retire if they wished to stand for election.36 words
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Article40 2006-03-15 8 THE Inland Revenue Authority of Singapore has made it easier and faster to complete tax returns. Taxpayers now need only go to two pages one for income, and the other for deductions and relief.40 words
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24 2006-03-15 8 CABOT Microelectronics has unveiled a new facility in Singapore to research and supply slurry used to polish silicon wafers.24 words
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Article28 2006-03-15 8 EXXONMOBIL has become the second company after Shell to introduce ultra-low sulphur diesel at its Singapore stations ahead of the mandatory Dec 1 deadline.28 words
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Article26 2006-03-15 8 FOODIES will have their mouths full from Apr 10-28 as the World Gourmet Summit 2006 returns to Singapore for the 10th year.26 words
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459 2006-03-15 8 RONNIE LIM - By RONNIE LIM SINGAPORE doesn't really need to disperse its power stations, currently massed in the west to cater to industries there. But there is a case for building flexibility including importing liquefied natural gas for reasons of energy supply459 words
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350 2006-03-15 8 DANIEL BUENAS - By DANIEL BUENAS SINGAPORE'S development of its robust intellectual property framework is a "success story" that can serve as a model for developing countries and the region, the head of the United Nations agency in charge of protecting intellectual property (IP)350 words
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528 2006-03-15 8 MICHELLE QUAH - By MICHELLE QUAH ASIAN companies trail their global counterparts when it comes to communications, says a new study. The bad news is: they need to catch up. But the good news is: the lag provides "communication arbitrage" opportunities for regional companies prepared to embrace global528 words
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Article, Illustration185 2006-03-15 8 THE Straits Times (ST) School Pocket Money Fund raised some $3.24 million last year, bringing the total to $17 million so far. The money will be distributed to 10,000 needy students this year. At the cheque presentation ceremony yesterday, President SR Nathan said thatBERITA HARIAN - 185 words
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Advertisement136 2006-03-15 8 i-.imnn 1 I 125 Years I |over4oolocsrtio^ Ask us about Corporate, Individual or Group Instruction. Call Berlitz today 6733-7472 or visit www.berlltz.com jj 501 Orchard Road *05-OM4 Wheelock Place Singapore *****0 J BE: €!NNI XIME; M— II II ■ggMCBMEEI—I Aquaculture business, SG/Johor, 2Vi years, SEEKS Capital to expand. $100 K.136 words
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ECONOMY WATCH
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Article, Illustration795 2006-03-15 9 VIKRAM KHANNA - Trade Secretary says economic team is moving 'full steam ahead' By VIKRAM KHANNA [SINGAPORE] Having weathered the recent political storm, the Philippine government is again focusing on its economic agenda, according to the country's Trade and Industry Secretary Peter Favila. "You can putYEN MENG JIIN - 795 words
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316 2006-03-15 9 Reuters [BEIJING] The Chinese government must keep control over its state-owned banks to minimise the risk of losses while the financial system is being reformed, Premier Wen Jiabao said yesterday. Mr Wen's comments follow criticism that China is selling stakes inReuters - 316 words
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450 2006-03-15 9 Markets taking tightening policy in stride, says IMF Reuters [BASEL] Robust world growth should not be upset by a shift in the global interest rate cycle, which financial markets are handling well, top monetary officials said on Monday. Central bankers gathered in theReuters - 450 words
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643 2006-03-15 9 NATIONAL PEOPLE'S CONGRESS But China will let yuan fluctuate more freely Bloomberg [BEIJING] China's Premier Wen Jiabao ruled out a sudden revaluation of the yuan, saying the country will increasingly let investors determine currency rates. "There won't be one-off administrative appreciation or depreciation anymore,Bloomberg - 643 words
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329 2006-03-15 9 AFP [WASHINGTON] Terrorism has moved above energy prices as the top risk to the US economy, a survey of business economists showed on Monday. The survey by the National Association of Business Economists (NABE) showed 26 per cent of theAFP - 329 words
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Page 9 Advertisements
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Advertisement137 2006-03-15 9 STLHDSTRALIA An Education Experience that makes a real difference Australian Secondary Schools Info Evening Meet some of Australia's acclaimed secondary boarding schools offering Grade 1-12 education. Leam about Australia's quality education pathway that provides a unique, creative learning experience for youf child. The Kincoppal-Rose Bay School, New South Wales St.137 words
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MALAYSIA/INDONESIA
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Article, Illustration575 2006-03-15 10 PAULINE NG - Maxis, TM out to cash in on world's fastest-growing cellular market By PAULINE NG in Kuala Lumpur IN LESS than three months, Malaysian telcos have forked out more than US$l.2 billion for a piece of India's booming telecommunications market. In a deal in DecemberBLOOMBERG - 575 words
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Article2438 2006-03-15 10 vol Mar 14 »M *1- ('000) A&M Realty 139 unch 38 Abrit .0.33 0.02 48 ACP Industries .0.93 -0.04 2088 Advance Synergy .0.18 0.01 380 Adwenta .0.27 unch 202 AE Multi 0.35 -0.01 66 Affin Hldgs 1.67 0.02 544 Ahmad Zaki Res 1.97 0 08 438 AlCCorp .0.852,438 words
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283 2006-03-15 10 Reuters [OSLO] Norway's largest telecoms group Telenor will not reduce its stake in Malaysian subsidiary DiGi.Com, despite the disappointment of not winning a government 3G licence tender. DiGi, 61 per cent owned by Telenor, is Malaysia's largest mobile phone operator without aReuters - 283 words
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612 2006-03-15 10 Reuters [JAKARTA] Indonesia's long-awaited deal with Exxon Mobil Corp to develop the country's biggest untapped oilfield will provide a much-needed confidence boost for investors and banish yet another ghost of past administrations. It is President Susilo Bambang Yudhoyono's second breakthrough in as manyReuters - 612 words
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77 2006-03-15 10 Reuters [KUALA LUMPUR] Shares in Malaysian takeover target Southern Bank will continue to be suspended until 0500 GMT today (Ipm local time), pending a material announcement, the bank said yesterday. Investors have been eagerly waiting for Southern's suitor, larger rival Bumiputra-Commerce Holdings Bhd, to unveilReuters - 77 words
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Article, Illustration336 2006-03-15 10 Country lauded for moderation, tolerance Reuters [JAKARTA] US Secretary of State Condoleezza Rice praised Indonesia's "moderate policies" yesterday, courting an Islamic country she hopes will improve Washington's image in a region where anti-Ameri-can sentiment is growing. Dr Rice, on a two-day visit to the world's mostReuters - 336 words
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BRIEFLY ASIA
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53 2006-03-15 10 AFP [JAKARTA] Indonesia and India are studying a possible strategic defence partnership, including cooperation between their state-owned weapon industries, Indonesian Defence Minister Juwono Sudarsono said here yesterday. After meeting with Indian army chief General Joginder Jaswant Singh, Mr Sudarsono said both sides were currently studyingAFP - 53 words
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53 2006-03-15 10 Reuters [BEIJING] China's large state banks are moving quickly to establish independent and effective internal audit units that will meet international standards, accounting firm Ernst Young said yesterday. "I think it is possible within five years," Alfred Yeung, a partner at theReuters - 53 words
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60 2006-03-15 10 Bloomberg [KUALA LUMPUR] Alliance Bank Malaysia Bhd, a unit of Malaysian Plantations Bhd, plans to sell as much as RM6OO million (***** million) in subordinated bonds to refinance existing debt, Malaysian Plantations said. Proceeds from the 10-year bonds will be used to«redeem Alliance's existingBloomberg - 60 words
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65 2006-03-15 10 Reuters [SHANGHAI] Huaxia Bank Co, Deutsche Bank's Chinese partner, said yesterday that it aimed to revive a plan to issue new shares and hybrid bonds by September to boost its capital adequacy levels. The initial plan, unveiled in 2004, was suspended by regulatorsReuters - 65 words
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GREATER CHINA
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Article, Illustration671 2006-03-15 11 He also vows to push programmes to help China's rural poor LAT-WP [BEIJING] Chinese Premier Wen Jiabao warned Taiwan yesterday against making more provocative moves that heighten crossstrait tensions, but also offered an olive branch to the island's leadership for dialogue in exchange for givingLAT-WP; AP - 671 words
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134 2006-03-15 11 AFP [TAIPEI] US-based Newbridge Capital and Nomura Holdings of Japan will invest NT$3l billion (551.49 billion) in Taiwan's Taishin Financial Holding Co in a bid to boost a strategic alliance across greater China, officials said yesterday. The moves are aimed at strengthening Taishin'sAFP - 134 words
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396 2006-03-15 11 [HONG KONG] Secretary for Financial Services and the Treasury Frederick Ma expects Hong Kong's fund industry to double its size in under five years as more fund houses use the territory as a platform for investing in mainland stocks, The Standard396 words
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Article, Illustration299 2006-03-15 11 AP Reuters [TAIPEI] Taiwan'shares fell yesterday on across-the-board selling after Chinese Premier Wen Jiabao accused Taiwanese President Chen Shui-bian of pursuing formal independence and damaging regional stability. The Weighted Price Index of the Taiwan Stock Exchange fell 84.62 points, or 1.3 perAP; Reuters; Source: Bloomberg - 299 words
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373 2006-03-15 11 Reuters [SHANGHAI] Truffles grown in China are causing ruffles in France where the pricey tuber is no trifling matter. Truffle-growing has long been the preserve of a handful of countries, with France enjoying a hefty 45 per cent share of the global market. ButReuters - 373 words
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Article, Illustration458 2006-03-15 11 New firm will have registered capital of one billion yuan Reuters [SHANGHAI/HONG KONG] China Life Insurance Co Ltd, the mainland's biggest life insurer, yesterday said it would set up a property and casualty company with its parent group to diversify intoReuters; BLOOMBERG FILE PHOTO - 458 words
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330 2006-03-15 11 AFP [SYDNEY] Australia expects to sign an agreement soon on selling uranium to China for its nuclear energy programme after negotiations aimed at preventing its use in weapons, the government said yesterday. "The agreement is nearing finalisation and is expectedAFP - 330 words
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INDIA
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Article, Illustration711 2006-03-15 12 PRIYANKA BHARDWAJ - By PRIYANKA BHARDWAJ in New Delhi THE festivals in India have •taken on a Chinese hue. Yesterday was Holi, the important Hindu festival of colours. But everywhere, Indian markets were brimming with Chinese products such as pichkaris (water guns), balloons and confetti, andPhotos: AP/AFP - 711 words
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455 2006-03-15 12 Bloomberg [MUMBAI] Posco, the world's fifth-largest steelmaker, says its planned US$l2 billion plant in India may be delayed because it hasn't begun buying the land needed for the project, the biggest overseas investment in the country. Posco's 12-million-tonne-a-year plant in eastern Orissa state, whichBloomberg - 455 words
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530 2006-03-15 12 The scheme will be implemented first in New Delhi and Mumbai: minister Bloomberg Reuters [NEW DELHI] Bharti TeleVentures Ltd, Hutchison Essar Ltd and other Indian mobile phone companies will share towers and infrastructure to help cut expenses and reduce phone tariffs. All mobile phoneBloomberg; Reuters - 530 words
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224 2006-03-15 12 Reuters [MUMBAI] India's state-run Hindustan Petroleum Corp Ltd has signed a preliminary agreement with state-run Sinopec Corp for projects in India, China and elsewhere. The deal was signed between the companies' top executives in China on Monday, an official at the Indian firm, saidReuters - 224 words
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Page 12 Advertisements
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Advertisement1597 2006-03-15 12 :*at3 NOTICES BU* IT SfcLL IT f 'ND II IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER Of SINPON PTE LTD Company Registration Number: *****7324E (In Voluntary Liquidation) NOTICF OF MFFTINQ OF CREDITORS Pursuant to Section 295(1) of the Companies Act, Cap. 50,1 have summoned1,597 words
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Advertisement30 2006-03-15 12 Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2026 I Y/cf ShTprng Times30 words
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ASIA-PACIFIC/WORLD
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501 2006-03-15 13 LATEST US DATA Amount is 20.4% up from previous high of US$668b, set in 2004 AP [WASHINGTON] America's deficit in the broadest measure of international trade surged to an all-time high of U*****.9 billion last year as the country went deeper into debtAP - 501 words
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318 2006-03-15 13 Reuters [NEW YORK] The chief executive of a company with poor financial performance for a year or less should be replaced. almost half the analysts participating in an international survey said. Forty-six per cent of analysts polled said CEOs should go ifReuters - 318 words
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209 2006-03-15 13 Bloomberg [NEW YORK] Casino operator Pinnacle Entertainment Inc agreed to buy Tropicana owner Aztar Corp for US$l.45 billion to move into Las Vegas and Atlantic City, New Jersey. Pinnacle will pay US$3B a share, 24 per cent more than Aztar's closing price onBloomberg - 209 words
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Article, Illustration375 2006-03-15 13 AFP Bloomberg [SEOUL] US corporate raider Icahn lost a crucial court battle yesterday with tobacco giant KTG over the election of directors to the South Korean company's board. Mr Icahn had accused the ginseng and tobacco monopoly of deliberately limiting voting rights atAFP; Bloomberg; BLOOMBERG - 375 words
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543 2006-03-15 13 Bloomberg [NEW YORK] Investment funds inflow into emergingmarket equity funds are so strong that it has already eclipsed the inflow for the whole of last year. Emerging market funds have garnered US$2O.9 billion so far this year as faster economic growth and a commodities boom lureBloomberg - 543 words
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Article, Illustration425 2006-03-15 13 Reuters [SYDNEY] Australia's government unveiled longawaited media reform plans yesterday, centred on freeing up cross-media and foreign ownership laws in a move that boosted media stocks as investors speculated on changes to the sector. Communications Minister Helen Coonan proposed allowing any company to ownReuters; AP - 425 words
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441 2006-03-15 13 Wright disappears amid probe into his spending spree Reuters [BOSTON] Kirk Wright has joined a group of hedge fund managers who have gone into hiding as federal and state regulators knock on their doors and media scrutiny intensifies. Wright, who earned a graduate degreeReuters - 441 words
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AVIATION
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Article, Illustration594 2006-03-15 14 MAS likely to fly primary routes, AirAsia to operate secondary routes Bloomberg [KUALA LUMPUR] Malaysia's government has yet to decide on how to split domestic air routes between Malaysian Airline System Bhd (MAS), the nation's biggest carrier, and Air Asia Bhd,Bloomberg; AP - 594 words
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Article, Illustration105 2006-03-15 14 [SINGAPORE]Budget carrier Tiger Airways hit the one millionth passenger mark yesterday, with lucky passenger Michael Rider winning travel credits and other goodies as he disembarkedfrom flight TRIS3 from Phuket. Tiger Airways started operations two years ago. The airline's CEO Tony Davis (right) presented Mr Rider (left,105 words
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259 2006-03-15 14 Bloomberg [NEW YORK] Boeing Co, the world's second-largest commercial-aircraft maker, won a US$45O million order from Cargolux Airlines International SA for two 747-400 freighters to replace older jets as demand for cargo transport increases. Cargolux, Europe's third-biggest freight carrier, will takeBloomberg - 259 words
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459 2006-03-15 14 Both sides urged to reach voluntary cost-cutting deal Reuters [WASHINGTON] Bankrupt Delta Air Lines Inc said on Monday it was in a "race against time" to restructure and that the company would probably terminate its pilots' pension plan to save money. "It looksReuters - 459 words
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247 2006-03-15 14 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Singapore Airlines (SIA) remains the biggest international carrier operating in Australia even if it is unable to operate the trans-Pacific route from that country. The latest Australian Bureau of Transport and Regional Economics (BTRE) statistics for December 2005 show that247 words
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Article540 2006-03-15 14 CUT MOT IT* PUT m> Aba Dhabi —S0456 13W —-Wl| m MI jjgj m 5 m m u»' CapaTMM S04«0 0136 <3« Ml?88 1W lp| iiiM mm W13J «88]8 {■>■■>■!■■ 5K97 6 0 D ;r §s i #i 11 Dm. 1910 Ml?88 0905 638 mm mm540 words
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Page 14 Miscellaneous
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Miscellaneous191 2006-03-15 14 CRYPTIC CROSSWORD 16 It's a wine making a comeDOWN attractive (8) YESTERDAY'S SOLUTION 2 One's about to expedite char- 12 Useless demonstration of Across-1 Safe haven 6 Swarm 9 ges (8) hunger-marchers? (5,7) Dirt ,er. 10 Stand down', 11 Treated, 3 University student in demon- 14 Possibly amend given title191 words
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SHIPPING
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Article, Illustration741 2006-03-15 15 GEORGE JOSEPH - National pavilion double than in 2004 as more local firms are taking part By GEORGE JOSEPH [SINGAPORE] Asia Pacific Maritime 2006, the biennial international maritime eient, returns for its 9th presentation with a better-than-before line-up of cut-ting-edge maritime producis andFILE PHOTO - 741 words
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178 2006-03-15 15 Bloomberg [ffiANKFURT] Kuehne Nigel International AG (I&N), the world's biggest sea-freight forwarder, said fourth-quarter profit rose 3) per cent as it made acquisitions and won new business by improving servce with a new computer sfstem. Net income increased to 1D0.4 millionBloomberg - 178 words
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650 2006-03-15 15 DAVID HUGHES - STRAIT TALK By DAVID HUGHES SO WAS it anti-Arab prejudice or old-fashioned nationalistic protectionism that forced Dubai Ports (DP) World to sell its United States operation to a US company? A bit of both probably. The ferocity of the opposition to DP650 words
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Article, Illustration487 2006-03-15 15 World No 3 wants to become No 1 by 2015 Reuters [BEIJING] China State Shipbuilding Corp is considering raising capital to help fund some US$2 billion in planned shipyard construction. The world's third-larg-est shipbuilder secured orders for 8.56 million deadweight tons (dwt) inReuters; BLOOMBERG - 487 words
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313 2006-03-15 15 Bloomberg [LONDON] The cost of shipping crude oil from the Middle East to Asia on 2 mil-lion-barrel tankers, little changed for a second week, may fall charterers wait for Persian Gulf producers to release loading dates of April exports. Most oilBloomberg - 313 words
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Article285 2006-03-15 15 sex 'ooo IhtM SS W- Vol CH Offshore 037 -0.01 199 ChuanHup .0.35 -0.02 5813 Cosco Corporation 130 0.01 2871 CWT Distribution 1.04 unch 90 EzraHldgs 3.43 0.09 695 Freight links .0.06 unch 3097 Grand Banks Yacht .0.92 0.01 63 Jaya Holdings. 1.28 0.01 348 K1 Venture .0.40285 words
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Advertisement97 2006-03-15 15 TUVALU SHIP REGISTRY .QUALITY S-ERV-ICE _QJJAL IT Y FLAG 1. Low taxti 5. Worldwide network of surveyors 2. Agreements with iACS members 6. No restriction on nationality of ownership on surveys and issuance of statutory certificates 7 Tuva '"'VJ STCW I ®fJ ">"^^ ion as amended, and is a country97 words
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EDITORIAL & OPINION
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Article478 2006-03-15 16 EDITORIAL WHILE Singapore's infocomm roadmap is right on target, the latest feedback from an international panel of industry leaders underlines the challenges of staying relevant in an increasingly competitive world. The Infocomm Advisory Panel (LAP), comprising global industry leaders invited by the Infocomm Development Authority478 words
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Article, Illustration1367 2006-03-15 16 ANDREW SYMON - Nuclear energy may be the answer despite concerns about waste disposal, accidents By ANDREW SYMON THE deal this month between the US and India for sale of American fuel and technology to support India's nuclear generation expansion programme is testament to the extent to which nuclear isREUTERS - 1,367 words
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Article, Illustration768 2006-03-15 16 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE idea of letting an Arab-owned company, Dtbai Ports World, run container terminals at some majo- US ports struck many Americans as an absurdity. Why not just turn control directly over to Al-Qa«da?The Washington Post Writers Group - 768 words
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Article, Illustration896 2006-03-15 17 IAN TILL - Rightly executed leadership development programmes allow some companies to have a continuous flow of leaders By IAN TILL ALL organisations try to turn their employees into leaders. Getting the right people at the helm of affairs and having visionaries that set high standards and exemplary behaviourREUTERS - 896 words
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236 2006-03-15 17 Denis Distant Singapore - LETTER TO THE EDITOR Denis Distant Singapore I REFER to press reports that DBS is to bid for 50.5 per cent of Korea Exchange Bank and hope the end result is not going to be a repeat of the DBS purchase of236 words
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Article, Illustration896 2006-03-15 17 WILLIAM PESEK JR - WILLIAM PESEK JR Bloomberg FUNNY how the biggest economic story last year China's currency is barely on investors' radar screens in 2006. Those who want China to boost the yuan's value haven't changed their minds. Rather, they ran into China's other GreatBloomberg; AFP - 896 words
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Article8835 2006-03-15 18 SGX MAINBOARP Transaction date: Mar 14 T*l List Vol Day LastOuote GrDtv Oiv GrYld mm MCan High Low Cod* Company Salt C000) High Low fciyt SaMr Cw n i is asssg -it 23 n n 9 25 79 39 23 5 5834 A-Sonic5c 30 unch 7 30 298,835 words
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Page 18 Advertisements
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Advertisement37 2006-03-15 18 Le maitre de I'horlogerie depuis 1875 NEW ROYAL OAK THE WATCH OF YOUR LIFE IN EXCELLENT SHAPE ifl Ann City W: 6733 0618 rfniimi r T iftf&rt-i-'fM ''•■-fi• -r —i m '^^£wr m M .flss'j'wsw* i i37 words
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Article5977 2006-03-15 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tatooicwT hU lnl»S y» dy yt dy Nyr Mac 13 Inden Ounq* Omn» Dufgc Cl-ir^a Wand ifoe* 1010.1 0J6 42 Bl5 2.1 H 43 t EAFE Preliminary 1CBM 10 SJ8 1.1 MUM Ewope Prefctninaty UB3 U J,£ 1.0 5.7 1.1 U Pacific 93445,977 words
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Advertisement1241 2006-03-15 20 NYK GROUP SOUTH ASIA PTE LTD \r— 'A A«m rw> C WJT TEL: 6295 0123 \u-T--* XV aAIINE \3axg] ML 3li LINE Fax: 6292 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO OMMI KASHA. UOt (C/R MO: **********0E) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination1,241 words
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Advertisement757 2006-03-15 20 |HTIIAtU»OtOM«VKI vßsa/vor rampqed hbchhm) na rat m aw jkt STRAITS VENTURE 05/04 IS 3.2 22/03 25/03 30/03 02/04 04/04 STRAITS VENTURE 04/04 IS 3.2 04/04 Of/04 20/04 23/04 2S/04 STRAITS VENTURE 07/04 IS 3.2 27/04 30/04 04/05 07/05 09/05 iMMHIAHtM MB MUM 1 mffiyiiin i 1 VBSa/WT MMPQCT) I HBGKKM)757 words
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Advertisement1746 2006-03-15 21 WAN HAI INTERNATIONAL PTE LID a NO: **********0/R W\ WAN HAI LINES 200 11 V flnll lift I LI llla J PUIH: (03) J34MW FAX: (03) 3M212M HM IB: |04) *****00 MX: |04)22tMf4 V J0HIH;(07)25l»raF«;(07)25H»2l SUt 1H; (031) 3W5475 FAJL (031) 32*271«/3791JM l_i JKTIB:(I2I)S2S4IMMX:(O2I)S2S47MnM 1H:71«3aB/71«3ll Rnm reu sw «6 on1,746 words
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Advertisement1160 2006-03-15 21 VESSEL VOY SIN JKT HUG KHH IIK KYH FUS VESSEL YOY V JKT SUI HKG USH PUS HY VlADfVOSTOK I73S 17/3 11/3 24/3 24/3 21/3 30/3 30/3 S1MSE1IAT 403S 11/3 22/3 23/3 21/3 1/4 2/1 HTHOagS DOS a/3 2S/3 30/3 1/4 3/4 S/4 S/4 OWPUSAM 404S 24/3 21/3 30/3 4/41,160 words
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Advertisement823 2006-03-15 21 m WEEKLY EXPRESS SAILING SCHEDULE I" ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS I vtssa I vor |sm pjoamclcoloho lit swva I cocowo I ItBBBI 01Q2W |03 Aft MAffi 07 A/t 18 Aft IgAft I miV GANDHI 10I03W 110 Aft I DAW I MAW I 17 AH 1823 words
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Advertisement891 2006-03-15 22 H Nonfat*a (Asia) Pte Lid £SS'' 70 Stmiloe Way, #21-03 Marino How Shg»ere *****1 NORTH WEST EXPRESS LINE nm nim MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES AKE ARRIVAL DATES IVKSH VOT SSQSiSi «*twwhS I Oirtrtww triwrf 585 klond Exnros IE&02 X Q2-Mai ILMfll littflL 1 I 21MflI biond891 words
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Advertisement692 2006-03-15 22 vissa voy siN m vot sw jkt PACIAMM IM7M H/03 It/03 fACWTOII 934J U/03 Z|T/03 ffl2W) &2ii£ i4Zfia i7/o? 121? 55 newt* ma um izzoj_ gff —gflg gg mum am 11m H/M -E™™ raj M —SB CT2WI HUE 11/81 lSZfil_ g™ K/2— S/S JItMMOA 149 M 19Z85 BZfi2_ gg ~W—692 words
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Advertisement372 2006-03-15 22 BSA x MYANMA nHM FIVE STAR LINE (Mvonaar National Line) Loading for Yangon VESSEI VOY 1 Kl FIN PGU CHIN SHWI HAW 90W SU> PAGAN 349W SID IN MALAYSIA: IOUSTUD SNIPPING AGENCIES KUL/PKL 03******311 PEN: 04-*****1S ACCEPTING CONVENTIONAL CBO VESSa VOT US SM PA KH TM ITU SDK TWU SUMY372 words
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THE BUISNESS TIMES SHIPPING TIMES
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7254 2006-03-15 23 This ETA ETA Advertiser Vessel Voyage Telephone SIN Dcsfn num Mmic Nuiiib#f Muinb^f To ABIDJAN (ABJ) 2003 Cote D'lvoire 22/03 22/04 Oeimas NALA DELMAS 616W *****344 22/03 02/05 China Shpg CMACGMKOMOOO SX221W *****898 28/03 02/05 China Shpg CMA CGM KALAMATA SX223W *****898 30/03 06/057,254 words
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MOTORING
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Article, Illustration630 2006-03-15 24 SAMUEL EE - C70 living up to message that safety is a core value but beauty also needed By SAMUEL EE VOLVO hopes to spice up the tiny but glamorous market for premium convertibles with its C7O. And it has already racked up more than630 words
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Article, Illustration511 2006-03-15 24 SAMUEL EE - By SAMUEL EE CALTEX is spending US$lO million in the AsiaPacific region to roll out its new Techron petrol, which it claims will clear clogged fuel injectors with just one tankful. "Caltex with Techron" introduced yesterday replaces the Vortex range of fuel. The511 words
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Advertisement198 2006-03-15 24 Diners Club Card r„ w /»«»/764i***** A Worte of Exclusive Privileges Treats Diners Club \JtEBtBWKttKm wwuxJmers.com.sff International' CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. KAT3 NOTICES Value Meals at SV/.f»0 iicii |irr ili'in Willi I lire clioirr ol rollrc/fra/solHlriiiks198 words
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EXECUTIVE MONEY
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Article, Illustration791 2006-03-15 25 As valuations in emerging markets get rich, yield-chasing investors start to get cold feet Reuters [LONDON] HEADY returns in emerging market assets in the past three years have caught the attention of even the most risk-averse investors such as pension funds. But investors are nowReuters; AFP - 791 words
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Article, Illustration344 2006-03-15 25 Chua Boon Lee - By Chua Boon Lee Standard Poor's Associate, Fund Services New tool in understanding bond funds INVESTORS have long compared the performance of equity funds with wefl known benchmarks ice the S&P 500 or the Straits Time indices. But nxfices for bond funds* alternative investments and other non-equity assets344 words
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Article, Illustration1283 2006-03-15 26 JAMES HUAN - As a recent court case showed, creating a will is the only way to ensure insurance monies go to who they are intended for MONEY MATTERS JAMES HUAN IN my conversations with clients and people at the seminars I conduct, I've found that most cannot remember making1,283 words
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Article6620 2006-03-15 26 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Star Europe Eqty!" 0.916/ Star Europe Bond 1.152/ Sor Europe M 115V Star Asian Tiger Eqty 1.157/ Star Asia Bond 1 305/ Star Asa Balanced 1.073/ Star Global Technology fund!** 0 209/ Multi St Fd 1.041/ Star Asia Bond(USO) 0.802/ Gil Multi6,620 words
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1189 2006-03-15 28 GENEVIEVE CUA - Retail demand may be cooling but private clients have the clout to get offerings tailored to their needs, GENEVIEVE CUA reports GENEVIEVE CUA Appetite for structured products may have waned somewhat among retail investors, but they remain hot among high net worth clients looking for a1,189 words
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Article329 2006-03-15 28 LYXOR, the structured funds arm of SG investment banking, is launching a new fund that is representative of some of the product innovations that have been sprung on the high net worth market. The All-Weather Fund is a departure from previous Lyxor funds in that there is only329 words
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Article880 2006-03-15 28 R SIVANITHY - INVESTING WITH A DIFFERENCE R SIVANITHY explains a short sale, a dividend and an index trade R SIVANITHY SO far in this series, we've covered the differences between Contracts for Differences (CFDs) and traditional share and warrant trading. We've also covered concepts like880 words
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Advertisement623 2006-03-15 25 TOTAL ACCESS COMMUNICATION PUBLIC COMPANY LIMITED (Registered in the Kingdom of Thailand as a public company With limited liability) DCAC V Books Closure Date for Annual General Meeting of Shareholders 2006 NOTICE IS HEREBY GIVEN that the Register of the Shareholders of Total Access Communication Public Company Limited (the "Company")623 words
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Advertisement1025 2006-03-15 25 ROYAL BANK [gSfc] OF CANADA FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED OCTOBER 31, 2005 Consolidated Balance Sheets Consolidated Statements of Income (in millions of Canadian dollars) (in millions of Canadian dollars) October 31, October 31, Year ended Year ended 2005 2004 October 31, October 31, Assets 2005 2004 Cash1,025 words
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Advertisement32 2006-03-15 26 AllianzGl Global Internet Fund Best Fund over 3 Years Allianz (rii) H-i 1m i" y Equity Sector Information Technology Global investors Sourrn. The Edcjo-Lippor SinqnpoK) I unci Awards company no *****/1697 ',X32 words
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Advertisement472 2006-03-15 27 V FRANKLIN TEMPLETON FUNDS JjQ YEARS IN SINGAPORE !8W»1B i SSgifl fl BBS II II ■Hjfeii mm I I Mm m m m m mm m h m l L J L if-' Hfc 9 B»l\ 1 -9 J SLi*»iC,/ 28 Octofer I r~* S9 l >: SAVOUR THE FRUITS472 words
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Advertisement305 2006-03-15 28 MONEY MATTERS When insurance nominations matter PG26 <'-&&B§R' /<* .1* M, »v awL» Jit" V *U. SakftMfc.* tg; Sale By Tender: Tampines Dormitory a I '^y HHP aflsa 11 JTC is offering the private sector an opportunity to own and operate Tampines Dormitory, a ready-built dormitory with existing tenancies, with305 words