The Business Times, 18 March 2006

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1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents MICA (P) 099/03/2006 March 18-19, 2006 online at http://business-times.asial.com.sg
    16 words
  • Article
    Lock icon IRAS pleases with tax decision on commuting costs
    783 1  -  It deems home-to-business meeting trips not taxable By MICHELLE QUAH [SINGAPORE] Taxpayers and their employers will have reason to smile in the weeks ahead as they file their returns. Reimbursements for taxi trips from home to business meetings outside the office are
    783 words
  • Article, Illustration
    Lock icon Who's afraid of avian flu?
    899 1  -  Not many Singapore companies, it seems, judging from the number of business continuity plans in place By MATTHEW PHAN [SINGAPORE] Singapore Computer Systems (SCS) may represent the height of avian flu preparedness in Singapore. In the event of an outbreak, the IT service provider has
    899 words
  • Article
    Lock icon Thai protests mount even as Thaksin supporters move in
    488 1 By OUR CORRESPONDENT in Bangkok STREET protests against Thai Prime Minister Thaksin Shinawatra continued in Bangkok yesterday. But in the eastern province of Kanchanaburi, thousands of people turned out to greet him as he campaigned for the April 2 general election.
    488 words
  • Article
    Lock icon MARKETS DIGEST
    132 1 sn 2,***** (-4.52) ST INDEX FUTURES 2,497.00 (-5.00) simsa 295.91 (-0.01) SIMSa FUTURES 296.50 (+0.90) MARKETS Friday Change KLSECOMP 922.62 -0.53 NIKKEI 225 16.339.73 +243.52 HANG SENG 15.801.66 +72.62 SET INDEX 741.43 +1.47 JAKARTA COMP 1,305.18 +31.38 MANILA COMP 2,150,17 +8.40 SEOUL COMP 1,341.12 +5.14 SHENZHEN B 248.01
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  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon L'Oreal to buy Body Shop for £652m
      779 2 UK retailer seen as a growing threat to cosmetics heavyweight Bloomberg [LONDON] L'Oreal SA, the world's largest cosmetics maker, agreed to pay £652 million (551.84 billion) for Body Shop International pic, the UK retailer of natural beauty products started 30 years ago by
      Bloomberg; AP  -  779 words
    • Article, Illustration
      Lock icon Theglobalistquiz
      406 2 Source: The Globalise Freshwater lakes A lake is defined as a body of water that is completely surrounded by land. Lakes consist of either freshwater or—less commonly—saltwater. They are of crucial importance not only as major eco-system* but also for industries such as fishing and transportation. We wonder WWdi
      Source: The Globalise  -  406 words
    • Article
      Lock icon US Senate clears US$2.8t budget – by a whisker
      384 2 US Senate clears US$2.8t budget by a whisker Reuters [WASHINGTON] The United States Senate on Thursday narrowly passed a US$2.B trillion electionyear budget that would continue a string of huge deficits while rejecting some of President George W Bush's domestic spending priorities. By a vote of 51-49, the Senate approved
      Reuters  -  384 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      522 2 No conflict of interest in promotional flyers: SIAS THE Securities Investors Association of Singapore yesterday defended its flyers which, among other things, call on listed companies to "take advantage of services by SIAS's public relations partners". Disgruntled PR firms claim that this is in conflict with SIAS's role
      522 words
    • Article
      Lock icon AIS accepts possibility of Thai consumer boycott
      325 2  -  By SIOW LI SEN [SINGAPORE] Thai mobile phone operator Advanced Info Service (AIS) says it accepts that consumers may boycott it because its parent Shin Corp is now owned by Temasek Holdings. "AIS would like to inform you that under the present political
      325 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The PR mogul
      2353 3  -  DANIEL BUENAS finds out how a vicar's son forever changed the landscape of PR consulting in Britain DANIEL BUENAS FOR an appointed member of the British House of Lords, Lord Chadlington strikes one as a surprisingly down to earth person. Dressed immaculately in a navy-blue pinstripe suit
      YEN MENG JIIN  -  2,353 words
    • Article
      Lock icon In honour of his father's quest to educate children
      284 3 HOW did Shandwick, the global PR consultancy founded by Peter Glimmer (Lord Chadlington), get its name? Well, that's a question that is often posed to Mr Gummer and one which he take great pride in answering. "When my father started in
      284 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      63 3 ?w; x Raffles' INTERNATIONAL Hotels Resorts The Raffles Conversation is brought to you throligh a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves
      63 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon No conflict of interest in promotional flyers: SIAS
      867 4  -  It's a win-win for both retail investors and listed companies By CONRAD RAJ ACCUSATIONS are flying that the Securities Investors Association of Singapore (SIAS) appears to be involved in a conflict-of-inter-est situation by indulging in public and investor relations. This follows the
      Fill PHOTO  -  867 words
    • Article, Illustration
      Lock icon HK drug firm C&O aims to boost China business
      539 4  -  By CONRAD TAN HONG KONG-based drug manufacturer C&O Pharmaceutical Technology is likely to buy more drug distribution firms in China to help it expand its growing drug business there. On Feb 27, it announced the acquisition of Shenzhen Liancheng Medicine Company
      YEN MENG JIIN  -  539 words
    • Article
      Lock icon DBS shares fall victim to bid for KEB
      337 4  -  By LESLIE YEE DBS Group Holdings' share price closed at $15.80 yesterday, down 4.2 per cent from its Monday close of $16.50 as market sentiment on the counter appears to have been hit by the Singapore bank's solo bid for a majority
      337 words
    • Article, Illustration
      Lock icon 'China play' back as STI continues to flirt with 2,500
      494 4  -  STOCKS R SIVANITHY Senior Correspondent LAST week's headline "Range-bound at an altitude of 2,500" for the weekend wrap could just as well be used again this week though in the interests of accuracy, it would have to be modified to
      494 words
    • Article
      Lock icon Tharman begins India visit today
      93 4 THARMAN Shanmugaratnam, Minister for Education and Deputy Chairman, Monetary Authority of Singapore (MAS), will visit India today and tomorrow. He will be participating in the Asia Society's 16th Asian Corporate Confer- ence tomorrow in Mumbai, where he will deliver a keynote address on Asian integration
      93 words
    • Article, Illustration
      Lock icon Lone Star to name KEB buyer next week?
      521 4  -  It is seen as keen to complete deal before July By ANGELA TAN US-BASED buyout firm Lone Star will announce a preferred buyer for its Korea Exchange Bank (KEB) stake next week, a source close to the deal told Reuters yesterday. Sduth
      BLOOMBERG  -  521 words
    • Article
      Lock icon UOL's stake in Hotel Plaza rises to 77.69%
      398 5  -  Its holding has been inching up through open-market purchases By ALEXANDRA HO IN A series of open market purchases, United Overseas Land (UOL) controlled by United Overseas Bank (UOB) chairman Wee Cho Yaw has spent more than $1.73 million to accumulate an
      398 words
    • Article
      Lock icon Labroy muscles in on oil rig builders club
      530 5 Reuters WHEN a small Singaporelisted shipyard announced its first contracts to build offshore oil rigs earlier this week, the message was clear: Singapore-based Keppel Corp and SembCorp Marine, the world's two dominant rig-makers, have a challenger. Both Keppel and SembCorp Marine, which
      Reuters  -  530 words
    • COMPANY BRIEFS
      • Article
        Lock icon Omega Navigation gears up for listing
        115 5 INTERNATIONAL marine transportation company Omega Navigation Enterprises Inc, which is seeking a dual listing on Nasdaq National Market and the Singapore Exchange mainboard, has lodged its preliminary prospectus with the Monetary Authority of Singapore and also filed a registration statement with the US Securities
        115 words
      • Article
        Lock icon Clifford Chance Wong acts for Toll Holdings
        53 5 CLIFFORD Chance Wong, a joint law venture firm between Clifford Chance and Wong Partnership, is acting for Toll Holdings on its voluntary conditional cash offer for SembCorp Logistics (SembLog), a subsidiary of SembCorp Industries. SembLog has appointed Deutsche Bank AG, Singapore Branch, as
        53 words
      • Article
        Lock icon ST Marine wins $17m contract from BGP
        48 5 ST Marine, the marine arm of Singapore Technologies Engineering, has won a $17 million contract from BGP Inc an onshore geophysical service contractor that is part of China National Petroleum Company to convert a fishing trawler to a seismic research vessel.
        48 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5064 5 UNIT TRUSTS FUNDS ACM Amer Income B USD 8.66/ ACM Amer Income A EUR i— 7.12/ ACM Amer Income B EUR 7.12/ AM AiHroAssrtMgt (Spore) ACM Europ Income Opp AT SGD 15.07/ Sat Eirope Eqtyl 0.92V ACM Euop Income Off BT5GO 15.05/ Star urope Bond 1.161/ aCM Europ Income Opp
      5,064 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      28 5 I y AllianzGI Global High Payout Fund rated 4 stars Allianz (jfi) x by Mercer Investment Consultinq. Visit OCBC Bank tor details. ciobaiinvestors J v companyregn no *****7169/
      28 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      984 6  -  Compiled by MATTHEW PHAN ASL Marine Holdings March 17 dose: 73J CMts PHILLIP SECURITIES RESEARCH. Mar* 17 ASL Marine Holdings Ltd (ASL Marine) is a fully integrated marine company with a strong focus in shipbuilding, ship repair, ship-chartering and other ma-rine-related services, catering to customers mainly from Asia
      Source: Bloomberg  -  984 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1030 6 For week beginning Mar 13 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS S«6uwtUI toy Mo of Mc« SMA8EM0LDIN0 Tram Shareholder/ sii Shan* Mr Mora Afljr Stock Bmm Mroctor Coir 000 4VI C080) I'OOCt Nam Lee 16-Mar-06 Yong Poon Miew "Buy 132 na *****3 53 64 *****5 53.68 Hotel Plaza 16-Mar-06
      1,030 words
    • Article, Illustration
      Lock icon Value and growth in different cycles
      1507 6  -  SHOW ME THE MONEY While value stocks have a consistent record, growth stocks are coming back in favour TEH HOOI LING Senior Correspondent SINCE the bursting of the dotcom bubble in 2000, the pendulum has swung firmly towards value investing as the favoured investment
      Source:  -  1,507 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Faster broadband network need not stifle creativity
      2350 7 OVERVIEW THE government announced last month that Singapore would have a new nationwide broadband network to provide even faster Internet connections. The news initially caused prices of the listed telcos to wobble on fears of increased competition but the buzz soon turned to
      2,350 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon February exports growth below expectations
      526 8  -  Electronic exports weren't sufficient to offset slowdown in pharmaceuticals By CHUANG PECK MING STRONG electronic shipments in February were not enough to make up for pharmaceuticals' poor showing. As a result, last month's key non-oil domestic exports (NODX) expanded below expectations, at 16.5 per cent
      Sourcee: IE S'pore  -  526 words
    • Article, Illustration
      Lock icon Queen meets officials, residents
      330 8  -  By MATTHEW PHAN QUEEN Elizabeth II js on a whirlwind tour of Singapore, in a state visit which started on Thursday and ends today. Yesterday, the Queen of Britain visited key national landmarks and called upon high-ranking Singaporean officials and local residents alike. Starting at the
      ARTHUR LEE  -  330 words
    • Article
      Lock icon No risk to consumer spending here from higher interest rates: economist
      494 8  -  By LESLIE YEE A STUDY of various Asian economies shows the impact of rising interest rates on private consumption expenditure is greatest in Singapore. But "interest rates have already peaked in Singapore in 2006" and "there is virtually no
      494 words
    • Article, Illustration
      Lock icon McDonald's senior-friendly policy wins
      372 9  -  Fast food chain bags new award at third annual HRM Singapore Awards By GRACE CHONG IT came as no surprise when McDonald's Restaurants bagged an accolade for its senior-friendly employment policy at a human resource event. After all, the fast food chain is well known for
      YEN MENG JIIN  -  372 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon President Nathan visits Indonesia
        146 9 PRESIDENT SR Nathan will call on Indonesian President Susilo Bambang Yudhoyono and Vice-President Jusuf Kalla when he visits Jakarta from tomorrow to March 23, said the Ministry of Foreign Affairs (MFA) yesterday. He will meet governor Sultan Hamengkubuwono X when he visits Yogyakarta from March 21
        146 words
      • Article
        Lock icon Cytomatrix secures US patent
        96 9 CELL therapy services company CyGenics Ltd has announced that its US-based subsidiary, Cytomatrix LLC, has been granted a US patent for its starwheel cell culture spinner flasks. These flasks provide an enhanced system for cell growth. CyGenics is a cell therapy services company focused on the
        96 words
      • Article
        Lock icon A*Star( Carnegie Mellon sign MOU
        43 9 A*Star Carnegie Mellon sign MOU THE Agency for Science, Technology and Research (A*Star) have signed a memorandum of understanding with the Carnegie Mellon University to offer a PhD programme for scholars in A*Star's graduate scholarships overseas programme focusing on electrical and computer engineering.
        43 words
    • Article, Illustration
      Lock icon Chen acted in firm's interest: lawyer
      508 9  -  HIGH-PROFILE TRIALS By MICHELLE QUAH FORMER China Aviation Oil (CAO) chief Chen Jiulin spent a third day in court yesterday, as his lawyers argued long and hard to refute the prosecution's allegations that he was an arrogant leader who lacked commercial morality. Senior Counsel
      AFP  -  508 words
    • Article
      Lock icon RTC, ex-directors in court over $140m suit
      326 9  -  By NANDE KHIN THE pre-trial conference for the lawsuit that Raffles Town Club ffiTC) is taking out against four of its former directors has been adjourned till April 21. The parties and their respective lawyers met in court yesterday morning in their first
      326 words
    • Article, Illustration
      Lock icon Chee in jail for a day for contempt of court
      352 9  -  By UMA SHANKARI SINGAPORE Democratic Party leader Chee Soon Juan spent yesterday in jail after he was found guilty of contempt of court. In addition to the oneday sentence. Chee was also ordered to pay a $6,000 fine when he
      352 words
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      Lock icon Page 8 Advertisements Column 1
      64 8 t mi mi iii'i Bin' awim ni wiwiiw ii'i»fiw f i' 'i if mi twin "hi "nn n 1 •i, 'ri mwiiwwn i» i—mm whwiih" m im—mi' I I I Wof GET A LEADING EDGE M Your sailing schedules get wider attention in The Business Times shipping pages m Call
      64 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      21 8 Releasing your financial results? Call 1800 289 8822 or email notiees@sph.com.sg to book your financial results in our newspapers now. NOTICES
      21 words
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  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      195 9 Are you looking for a change in direction? Are you interested in working in a dynamic practice in the world's fastest growing economy? We are looking for first rate mid-level lawyers with a background in finance and commercial projects work to join our Finance Group in mainland China. This exciting
      195 words
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      Lock icon Page 9 Advertisements Column 2
      260 9 As a well established public listed property developer, we constantly explore new horizons to invest and expand our portfolio of quality properties. We now seek a dynamic leader to take on the challenge as: I Group General Manager I (Overseas Investments) Duties The successful candidate is primarily responsible to explore
      260 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon KL budget terminal set to be hub for low-cost flights
      585 10  -  Passenger traffic seen rising with AirAsia's rapid route expansion By PAULINE NG in Kuala Lumpur MALAYSIA'S budget terminal could well become the region's leading low-cost-flight hub, fuelled by Air sia's rapid expansion. To be launched on Thursday, the LCC Terminal,
      DESMOND WEE/ST  -  585 words
    • Article
      Lock icon Trade with US to double by 2010 with FA
      365 10 AP [KUALA LUMPUR] Trade between Malaysia and the United States is expected to double by 2010 in the wake of a free trade agreement (FTA) the two nations hope to seal next year, a senior US Trade official said yesterday. A
      AP  -  365 words
    • BRIEFLY ASIA
      • Article
        Lock icon Indon transport firms threaten port strike
        42 10 Reuters [JAKARTA] Indonesian transport workers threatened yesterday to stop carrying goods to and from the country's four major ports if the government did not scrap a 10 per cent value-added tax on port transportation services. Reuters
        Reuters  -  42 words
      • Article
        Lock icon Jakarta, CNOOC near deal on LNG price
        46 10 Reuters [JAKARTA] Jakarta is close to finalising a deal with China National Offshore Oil Corp (CNOOC) to raise its contracted LNG price from the BP-led Tangguh project for the Fujian terminal, the oil and gas regulator said yesterday. —Reuters
        Reuters  -  46 words
      • Article
        Lock icon Tom Online's 2005 profit rises 33%
        41 10 AP [HONG KONG] Internet company Tom Online Inc said its 2005 net profit rose 33 per cent from the previous year. Last year's net profit rose to US$45 million from U5533.9 million in 2004. —AP
        AP  -  41 words
      • Article
        Lock icon Profits down in Q4 for Formosa Plastics
        48 10 Bloomberg [TAIPEI] Formosa Plastics Corp had the smallest profit in three years in the fourth quarter because of rising competition from China. Net income fell 67 per cent to NTS 3.7 billion (*****.6 million), from NTS 11.4 billion a year earlier.
        Bloomberg  -  48 words
    • Article
      Lock icon SGX MAINBOARD
      8215 10 Transaction date: Mar 17 52-Wk Td Last Vol Day Lact Quota GrOtv Mv OrVW Not MCaa High Low Code Company Sate W- fOOO) High Low Buyor Sa>Of Cw WE Soil 5 2 5716 1st Software 5c 2 unch 701 2.5 2 2 2.5 8.1 18.5 6 3148 8Telecom
      8,215 words
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  • INDONESIA
    • Article
      Lock icon Bumi eyes bio-diesel after mine sale
      505 11 Jakarta Stock Exchange halts trading in its shares Reuters [JAKARTA/SINGAPORE] Indonesia's largest listed mining group Bumi Resources wants to use proceeds from the US$3.2 billion sale of two coal mines to build a coal liquefaction plant and to produce biodiesel, as red-hot oil prices
      Reuters  -  505 words
    • Article
      Lock icon Indon justice minister questioned over graft
      156 11 AP [JAKARTA] Indonesian anti-graft investigators questioned the country's justice minister yesterday in connection with a graft case linked to the general elections in 2004. Minister Hamid Awaluddin was a member of the general election commission when the graft occurred. The agency's chief and several
      AP  -  156 words
    • Article
      Lock icon SGX
      6239 11 Transaction Date: Mar 17 MOST ACTIVE STOCKS VOLUME VALUE HonqquoUS1.Sc 45.086.000 DBS Grp 138.775.500 MediaRinq 10c 29.086.000 SingTel 15c 64.467.400 GlobalTest 10c 28.392.000 UOB 58.625.970 SingTel 15c 23.539.000" SPH20c 45.212.785 C&O Pharm HK25c 23.398.000 OCBC Bk 50c 25.070,850 China Sun HK25c 22.857.000 Keppel Corp 50c 24.937.846 Sky Petrol 5c
      6,239 words
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  • GREATER CHINA
    • Article
      Lock icon China should change yuan policy: WTO
      589 12 It must do more to eradicate piracy, trade body says in first review AP [GENEVA] China should adopt a more flexible currency exchange rate policy and must do more to stamp out piracy, the World Trade Organization (WTO) will report in its first trade
      AP  -  589 words
    • Article
      Lock icon Chinese traders turn to own 'eBay' in search of iron ore
      345 12 Reuters [SHANGHAI] Chinese trading companies are surfing a local version of eßay, Alibaba, to scour the world for an increasingly state-controlled resource iron ore. Small steel mills, desperate to find iron ore from Brazil, India, Indonesia or New Zealand,
      Reuters  -  345 words
    • Article, Illustration
      Lock icon Yuan up 1 % since July, flexibility seen
      594 12 Yuan up 1 since July, flexibility seen Reuters [SHANGHAI] China showed signs of allowing greater flexibility in its currency yesterday as the yuan appreciated past the one per cent threshold for the first time since its July 2005 revaluation, ahead of a Beijing trip by two US senators. The yuan
      Reuters; Source: Bloomberg  -  594 words
    • Article
      Lock icon Lenovo to lay off 1,000 employees globally
      487 12 AP [RALEIGH, North Carolina] Chinese computer maker Lenovo Group will lay off about 5 per cent of its global workforce as part of a restructuring that the company expects will save it US$25O million a year. The layoff of 1,000 employees out of
      AP  -  487 words
    • Article, Illustration
      Lock icon AIN'T NO MOUNTAIN HIGH ENOUGH
      50 12 [HONG KONG]Here's a painting with a breathtaking view and perhaps a price to match. The work, entitled 'Majestic Mountain' by Chinese painter Li Keran. is expected to fetch HK$5 million to HK$7 million at an upcoming auction of Chinese paintings at Sotheby's in April. REUTERS
      REUTERS  -  50 words
    • Article
      Lock icon China mulls reform of oil product pricing mechanism
      339 12 It says it will be difficult to maintain low price in future Reuters. Bloomberg (BEIJING] China's top economic planning agency said it was "seriously considering" reforming the country's oil product pricing mechanism to bring it into line with international markets. "In the
      Reuters.; Bloomberg  -  339 words
    • Article
      Lock icon Bankers' confidence index hits new high
      319 12 Reuters [BEIJING] China's quarterly bankers' confidence scaled a record high in the first quarter, reflecting widespread optimism over the operational environment for lenders and government policies, the central bank said yesterday. The index rose to 82.4 per cent, it said on its website (www.pbc.gov.cn),
      Reuters  -  319 words
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      169 12 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GQLMANAGHBfT CONSULTANCY PTE LTD COMPANY REG. NOj *****0052N (M MEMBERS' VOLUNTARY UQUDATXM) NOTICES HEREBY GIVEN that the FINAL MEETING of the abovenamed company will be held at 371 Beach Road, #19-06 Keypoint. Singapore *****7 on 19
      169 words
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  • INDIA
    • Article
      Lock icon China aims to treble trade with India by 2010
      520 13 Hitting US$50b would see China overtake US as India's largest trading partner AP. Bernama [NEW DELHI] Beijing has an ambitious target to more than treble trade between India and China to US$5O billion in just four years. If met, the target
      AP.; Bernama  -  520 words
    • Article
      Lock icon 20 years on, Maruti still leading race in India
      758 13 Reuters [MUMBAI/TOKYO] Last month, India's top carmaker Maruti Udyog Ltd hosted 2,400 dealers from Japan's Suzuki Motor Corp, who arrived on 16 chartered planes to visit the Taj Mahal and see first-hand how Maruti dealers operate. Suzuki, which owns 54.2 per
      Reuters  -  758 words
    • Article, Illustration
      Lock icon Australia may sell uranium to India: Howard
      504 13 AFP. Reuters [SYDNEY] Prime Minister John Howard hinted after talks with US Secretary of State Condoleezza Rice yesterday that Australia could sell uranium to India following New Delhi's nuclear deal with the US. Australia, which has the world's largest known uranium deposits, previously
      AFP.; Reuters; REUTERS  -  504 words
    • Article, Illustration
      Lock icon Top campus placements see sky-high salaries
      574 13  -  By SIDDHARTH SRIVASTAVA in New Delhi WHILE many in India pore over figures for economic growth to ascertain how well the country is doing, for others the benchmark is far more personal. It is the annual recruitment season at India's top management institutes, and
      BLOOMBERG  -  574 words
    • Article
      Lock icon BURSA MALAYSIA
      2300 13 VOL General Corp 0.50 unch 43 Mar 17 MM W- COOO) Ganting 23*0 -020 309 George Kent 0.S4 -0.02 126 A ft M Realty 1.40 0*1 1 GHL Systems .0.19 0.01 8940 Abrk *32 unch S GlobetronicsTech 032 0.01 419 ACP Industries .0.96 0*2 1441 GtomacBhd ...124 0.01
      2,300 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Shin executives get 1.2b baht from share sale to Temasek
      465 14 More than 75% goes to key man who helped build Shin from Day One By OUR CORRESPONDENT in Bangkok THAILAND'S Securities and Exchange Commission (SEC) yesterday said that executives of Shin Corp received 1.2 billion baht (5549.8 million) from divesting
      465 words
    • Article
      Lock icon Softbank buys Vodafone Japan for 1.8t yen
      202 14 Bloomberg [TOKYO] Softbank Corp, Japan's second-largest Internet access provider, agreed to buy Vodafone Group Pic's Japanese unit for 1.8 trillion yen (5524.8 billion) in Asia's biggest leveraged buyout, gaining 15 million mobile-phone customers. Softbank, whose billionaire founder Masayoshi Son is branching into mobile
      Bloomberg  -  202 words
    • Article, Illustration
      Lock icon Microsoft to spend US$500m in sales campaign
      658 14 It says rival IBM is out of step with workplace needs The Washington Post, NYT NYT [NEW YORK] Microsoft chief executive Steven Ballmer on Thursday announced a US$5OO million marketing blitz to woo businesses to new software packages, dismissing rival IBM as "increasingly
      The Washington Post, NYT; NYT; REUTERS  -  658 words
    • Article, Illustration
      Lock icon GM revises loss to US$10.6b after charges
      522 14 Reuters. NYT [DETROIT] General Motors (GM) Corp on Thursday revised its loss for 2005 to US$lO.6 billion, US$2 billion more than initially reported, due to charges associated with its restructuring, the bankruptcy of its former subsidiary Delphi Corp and its finance arm GMAC.
      Reuters.; NYT; AFP  -  522 words
    • Article
      Lock icon Gay banker in £5m lawsuit against HSBC for unfair dismissal
      481 14 Reuters [LONDON] In one of a growing number of discrimination claims against investment banks in the city of London, a gay banker is claiming £5 million (5514.1 million) in compensation from HSBC for unfair dismissal. HSBC was accused of omitting
      Reuters  -  481 words
    • WORLD WATCH
      • Article
        Lock icon US industrial output up in Feb
        103 14 Reuters [WASHINGTON] Output from US factories, mines and utilities rose 0.7 per cent as expected in February as utility output jumped with colder weather, the Federal Reserve said yesterday. Capacity utilisation, a measure of how close to full potential factories, mines and utilities are
        Reuters  -  103 words
      • Article
        Lock icon Google will buy Chinese firms
        73 14 Bloomberg [SHANGHAI] Google Inc, the world's most used search engine, said it will buy companies in China that have technology or engineering staff that can strengthen its services. "If they have something that meets our needs, we may buy them out," Johnny Chou, Google's president
        Bloomberg  -  73 words
      • Article
        Lock icon FTSE hits 6,000 points
        61 14 AFP [LONDON] European stock markets raced ahead in early trading yesterday, with London's FTSE 100 breaching 6,000 points for the first time in five years on strong company results and takeover news, dealers said. Insurers led the FTSE 100 index of leading shares after Legal and
        AFP  -  61 words
      • Article
        Lock icon New rules for Tokyo bourse
        100 14 AFP [TOKYO] The Tokyo Stock Exchange will take new measures to prevent erroneous orders, including limiting single trading orders to under 30 per cent of a firm's outstanding shares, reports said yesterday. Under the plan, the stock exchange will upgrade its computer system by April
        AFP  -  100 words
      • Article
        Lock icon DreamWorks library to be sold
        48 14 AFP [NEW YORK] Hollywood giant Paramount Pictures announced plans yesterday to sell the film library of its recently acquired Dream Works LLC to a group headed by billionaire George Soros for US$9OO million. The deal was announced by Paramount parent firm Viacom. —AFP
        AFP  -  48 words
      • Article
        Lock icon Shell to keep LPG businesses
        61 14 AFP [LONDON! Royal Dutch Shell said yesterday that it has decided against selling its global liquefied petroleum gas (LPG) marketing and distribution business. "Having fully tested the market, we have concluded that there is better value for Shell shareholders in retaining these profitable businesses," Ron
        AFP  -  61 words
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  • MOTORING
    • Article, Illustration
      Lock icon Santa of attraction
      722 15  -  You may think that big-engined sport-utility vehicles are passe but that doesn't seem to be the case, at least not in Singapore. SAMUEL EE drives the two latest offerings on the market the Hyundai Santa Fe and the Mercedes-Benz M-Class SAMUEL EE FIRST, there was the Volvo
      722 words
    • Article, Illustration
      Lock icon Major makeover for Merc's M-Class
      518 15 IT'S official Mercedes-Benz cars are handsome again. Big Mercs like the S-Class limousine and the M-Class sport-utility vehicle used to have soft, amorphous shapes. But these days, they look more chiselled than a Greek god. In the case of the new M-Class, its successful makeover
      518 words
    • Article, Illustration
      Lock icon Ferrari F430: Beauty in motion
      586 15  -  By SAMUEL EE NEVER has there been a more desirable yet more usable supercar. The Ferrari F430 is faster, sleeker and sexier than the 360 Modena it replaces. Everything about the car exudes a kind of metallic sensuality, from the slender twin arms of the
      586 words
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  • GOLF
    • Article, Illustration
      Lock icon Get into the swing
      1209 16  -  Hi-tech drivers are taking the golfing world by storm, but it's a good idea to do a test drive before choosing the right one for you, says JUSTINE MOSS JUSTINE MOSS BUYING a decent driver is like buying a new car but just a little less
      1,209 words
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      812 16 wine&dine withweekendßT S r* "1 Cafebiz wide range of desserts- our durian mousse cake is a dV" 24 TtoqongPagar Road, TeL **********5; makes great conversation pieces. Traders Hotel Lobby Level, TeL *****374 must-try. Weekend special International Buffet Dinner is Holland Ave (Holland ViUage), Tel: 646%5#& Cafebiz offers exotic Asian and
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  • WELLNESS
    • Article, Illustration
      Lock icon Going against new health study
      1272 17  -  JANE E BRODY explains why she is keeping to her regimen even if a recent US study says it may not afford any health protection JANE E BRODY NYT THE health news of recent weeks could prompt even a stalwart defender of preventive medicine like
      NYT; FILE PHOTOS  -  1,272 words
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      Lock icon Are you a natural sleeper?
      689 17  -  RICHARD A FRIEDMAN lays to rest some misconceptions about sleep disorder RICHARD A FRIEDMAN NYT DISTURBED sleep has to be one of the most common complaints in medicine. Not only patients but the general public seems to have a cherished notion of what constitutes a
      NYT  -  689 words
  • Page 17 Miscellaneous
    • Miscellaneous
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      316 17 CRYPTIC CROSSWORD en to London borough (9) 6 Long service covering hospital 1 Newspapers' winning exercise? (4) (5-2) 7 Speaker has one old piece set to 5 Disheartened giH finds love in music (8) France and beauty (7) g Ringing about issue with work--9 On strike with soldiers how bizarre
      316 words
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  • SHOPPING
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      Lock icon hyBrit designs
      1594 18  -  CHEAH UI-HOON asks London-based designers participating in the Singapore Fashion Festival what makes their creations British CHEAH UI-HOON F last year's fashion festival m showcased the hot Shanghai scene, then this year's flavour jit is cool Britain. No, not cool as ll in Cool Britannia (that 1996 I
      1,594 words
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      351 18 IN STORE Dior's prevention-repair 7 Jean Paul Gaultier's rosy Thousand-dollar face uthe malls strategy clicks theme for women ritual from SK-II CHRISTIAN Dior's Diorsnow Pure spearheaded the J*| JPG Parfum's Classique 2006 has SAfe JAPANESE skincare brand SK—llhas dual prevention-repair strategy last year and saw a W roses taking centre-stage,
      351 words
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  • PERSONAL SPACE
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      Lock icon Naturally yours
      691 19  -  GARDENER'S LOG The fun part of growing wild orchids is that there are no rules, says THIEN, who is hooked on their relaxed natural look THIEN THEY are our "hang-loose" favourites. Fuss-free, they don't need tending to, and add a natural, free-flowing look to a garden. Often, they
      THIEN  -  691 words
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      34 19 I I S I Get a Leading Edge m Your sailing schedules get wider attention in The Business Times shipping pages fr. I Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2062 SHFHNGTMES
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  • THE BUSINESS TIMES weekend
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      Lock icon Double pleasure
      1886 20 MADE IN CHINA Hua Song, Haw Par Villa 262 Pasir Panjang Road, Tel: 6777 7819 Operating hours: 11.30 am 3pm; 6pm -11 pm daily. THERE aren't many places in the world where you can walk past the Ten Courts of Hell en route to a fine Chinese restaurant,
      1,886 words
    • Article
      Lock icon Time to wine and dine at World Gourmet Summit
      576 20  -  By GEOFFREY EU THIS is the time of year when gourmands, gastronomes and fellow members of the fine dining fraternity start clearing culinary calendars, licking lips and fretting about expanding waistlines in anticipation of World Gourmet Summit (WGS), the annual showcase
      576 words
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