The Business Times, 10 August 2006
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2006-08-10
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The Business Times
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Title Section17 2006-08-10 1 THE BUSINESS TIMES ■HFth anniversary SINGAPORE 85 cents online at http^/business-time&asial.com.sg MICA (P) 099/03/2006 Thursday, August 10,200617 words
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675 2006-08-10 1 MICHELLE QUAH - Ernst Young picked to audit 12 S'pore charities Move is part of Health Ministry efforts to boost regulatory regime of charities By MICHELLE QUAH [SINGAPORE] Accounting firm Ernst Young (E&Y) has been picked by the Ministry of Health (MOH) to conduct a corporate governance review of local charities as part675 words
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Article122 2006-08-10 1 MARKETS Wednesday Change KISECOMP 941.26 +2.18 NIKKEI 225 15,656.59 +191.93 HANG SENG 17.346.58 +298.38 SET INDEX 708.93 -2.87 JAKARTA COMP 1.413.10 +17.02 MANILA COMP 2.349.22 -18.53 SEOUL COMP 1.314.93 +3.83 SHENZHEN B 283.08 -1.70 MUMBAIINO 11,145.18 +130.21 12NOON EST Change DOW 11,213.61 +40.02 NASDAQ 2,094.25 +33.40 PRIME RATES122 words
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Page 1 Advertisements
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Advertisement131 2006-08-10 1 Wg% 3G SERVICES WML Ml enters Wi-Fi game router HAPPY BIRTHDAY, SINGAPORE ~jM HW v t '.fy Hpfe*'* ■Mrnr rff B^Kraj^V- ASHLEIGH SIM/ST [SINGAPORE] The National Stadium lit up for the last time last night with fireworks, lights and smiles. More than 55.000people witnessed the show based on the theme131 words
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Advertisement31 2006-08-10 1 BizfT Banks making Net banking more secure PAGE 25 ::x-'' -m m£ m" II 111 sNgszisrsoocHK ll r PROPERTY Bids for Somerset Central expected to top ex-Glutton's Square prices page 231 words
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Advertisement39 2006-08-10 1 MEDIA MARKET EJ| Richard Li buys raj 3 slake in HK paper PAGE 12 ANALYSIS Promising outlook for Islamic bonds PAGE 21 ■IS MEREST RAIES ON HOtl> j£puzzledPA6E2 text of FW staiidinent page i« y ■**$mmmtm <r uMinivv» >.»' ,j39 words
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TOP STORIES
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Article, Illustration919 2006-08-10 2 ANDREW MARKS - It says any future tightening depends on outlook for US economy, inflation By ANDREW MARKS in New York THE US central bank chose not to raise interest rates for the first time in 18 poli-cy-setting meetings stretching over almost two years theAP - 919 words
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Article440 2006-08-10 2 Somerset Central bids seen topping Glutton's Sq prices ALL eyes in the property market are on next week's state tender for the Somerset Central site above the Somerset MRT Station. Most property consultants and observers expect the 99-year leasehold commercial site to fetch a top bid sto 15440 words
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788 2006-08-10 2 KALPANA RASHIWALA - But risk factors seen checking exuberant bidding By KALPANA RASHIWALA [SINGAPORE] All eyes in the property market are on next week's state tender for the Somerset Central site above the Somerset MRT Station. Most' property consultants and observers expect the 99-year788 words
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Article, Illustration573 2006-08-10 3 ARTHUR SIM - There's singing, dancing and food; and help with getting a job for a resident By ARTHUR SIM [SINGAPORE] National Day was celebrated "heartlander-style" yesterday morning at Teck Ghee Community Centre with song, dance and food. Joining in was Prime Minister Lee Hsien Loong,THE STRAITS TIMES - 573 words
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758 2006-08-10 3 MICHELLE QUAH - Local banks, NOL, SingTel, Keppel switch auditors By MICHELLE QUAH [SINGAPORE] Accounting industry heavyweight PricewaterhouseCoopers (PwC) has lost a string of big-name audit clients in the last three years or so, parting ways with the three local banks, telco giant Sing Tel, national shipping line758 words
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Page 2 Advertisements
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Advertisement27 2006-08-10 2 -.-NrweKW^* Endorser Gold sponsor |Mf v22SSSS2to^ Endorser A Host Uoiiry sponsor Endorser mpc Flagship Media Sponsor: Owned and produced by: Offlcol Media Supporter d~j THE win srmaDBWL27 words
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Advertisement52 2006-08-10 3 THE HOURGLASS Contemporary Horological Art /SIMPLICITY B r miii r p i i m 11 o i 1 r I i r j VIANNf r HALTER URWERK THE HOUR GLASS nIM. M'l >KI M\l l iNp i i i x i «o <> <;; i\i i% I v i M52 words
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COMPANY NEWS
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764 2006-08-10 4 LESLIE YEE - HOCK LOCK SIEW By LESLIE YEE OCBC owned 83 per cent of insurer Great Eastern Holdings (GEH), when it announced its takeover offer in late June, and the bank's aim here is to own 100 per cent of GEH.764 words
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Article, Illustration1346 2006-08-10 4 SIOW LI SEN - SingTel's Lee Hsien Yang and PCCW's Richard Li depart their companies at the same time, but leave very different legacies, says SIOW LI SEN SIOW LI SEN JULY, by some weird coincidence, saw two high profile resignations from the same industry Lee Hsien Yang, whoFILE PHOTO; AFP - 1,346 words
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1149 2006-08-10 7 i earnings (ssm) turnover(s$m) i mipBas) COMMNY QMtBIT PfSVWUS %CHG CURRENT WM0U5 %CHG CURRSMT PREVIOUS %CH6 W> *****9 32J ***** 19Q6.7 &8 78.60 S3D0 48.3 2 HtCLand 1465.4 1895.8 -22.7 mi 286.0 15A 65.84 85.19 -22.7 3 DBSGrp 1121.0 846J) 32.5 267a0 2171.01,149 words
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Advertisement263 2006-08-10 4 Diners Club Card Toappia, ™//6416 0980 A World of Exclusive Privileges Treats Diners Club Farrfasfic value You cdn enjoy salads, soups, ice cream, local desserts like ice kacang and tau suan plus fresh fruit for only $3*! With every order of a local or western delight from $6*9o* 9i&BBBSSlBifc?!B8BCBK SjSfc263 words
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Advertisement42 2006-08-10 4 fancy nomadic dining t? h :r #01-02, block 3D 7V darkeauav 1 (opp. fountain courtyard) y river valey road i/ ..V Singapore 179 023 ptl F. JlCortgofian fres/i grilf Bar phone: 6339 0200 emal: enquiry@thetent.com.sg lifll r "'#member of Palme Viw group42 words
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Advertisement69 2006-08-10 5 do JACDB CD. W W lll """A> A>7 I k 1 <y m I m JPS^B I S Hl^ lim r k fl te* tTf ,dn>;iMl fl Jtti:*.fry hi*j4jfc 4 jjTT.m 1 Introducing the Quenttin The first timepiece created with a 31-day power reserve. Vertical mechanical tourbillon movement with manual69 words
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STOCK FOCUS
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Article, Illustration1342 2006-08-10 6 TEH HOOI LING - Based on its track record, it may be worth giving this Indonesian company the benefit of the doubt, says TEH HOOI LING TEH HOOI LING IN the *****, an influx of Indonesian tycoons secured stakes in Singapore-listed companies. Back then, news of an Indonesian linkHIE PHOTO - 1,342 words
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Advertisement299 2006-08-10 6 FIND OUT ALLYOU'IL EVER NEEDTO KNOW BEFORE YOU BUYOR SELL A PROPERTY! SEMINAR TOPICS 4lMl|||o|||i!Pl^B Financial Planning in the Purchase of HDB Resale Fiats Financial prudence in purchase of resale flats and how to do _|||||^_u||o|||_^||o|o||Qg|o|g^_^^ Useful tips before committing to buy or sell a flat By Ms Cheryl Lim,299 words
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Advertisement56 2006-08-10 6 M S*^. lIMVJ p-- l -v rj >>>#^^BH^pWH|kp^^^fl Ibltll Sunset Boulevard with Jane Boey spm Bpm Mon Fri c? LfLfw THE ONES HJ\ Up THAT Fine; X i 1•V 1 Recruit the right people 53 H I _J through CATS Recruit -j CI CiN 1800 *****22 or email .J U'>/*cniit*sphxoiß,jg56 words
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Advertisement87 2006-08-10 6 Our qualified professllfcl j riah Virgin lalands iy jSwynian tetawds f gJitinns .v ITliiUfltius HMoagkong m"" i Yamea Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate j planning. For further information and immediate service please contact Angela87 words
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SINGAPORE NEWS
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Article, Illustration413 2006-08-10 8 HONG SOON JAE - KOREAN ATTRACTIONS If successful, the S'pore group will be the country's Ist foreign operator By HONG SOON JAE RAFFLES Medical Group could become one of the first foreign medical operators in South Korea. The Singapore group is in talks with the413 words
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Article, Illustration510 2006-08-10 8 MELISSA LOH - By MELISSA LOH ONE of South Korea's most popular tourist spots, Jeju Island, has become that country's first self-govern-ing province and is setting its sights on becoming North-east Asia's commercial hub. Having attained the autonomous status on July 1, Jeju aims to510 words
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Page 8 Advertisements
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Advertisement66 2006-08-10 8 om«. «<»«««'*»_i___^^>— —sm^MßW^^^^^BßSßSßßß H l -Z*Z?~zr |l »iiw mm I r —«P— > Widely regarded as the definitive source for incisive business analyses and accurate industry reviews, we could help strengthen your communication efforts like no other with a relevant article. For more information on getting the rights to reproduce66 words
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Advertisement19 2006-08-10 8 IdL f I I j n Mu%k] II H nnfljr Tuckshop with Marilyn Lee k 10am 2pm Mon f19 words
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Advertisement29 2006-08-10 8 STYLE UP your OUTDOOR IEKBSPI J FMBOESIONEft SHOWCASE (VOL 2) BOOKLET I till you've read 1 Designer I Showcase wamammmmt booklet! For mori Jnfe.Tof onto sph magazines www.homeanddacor.com. o29 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1141 2006-08-10 9 CHUANG PECK MING - But S'pore services companies heading for the 'gateway to the YRD' have plenty to consider first, says CHUANG PECK MING CHUANG PECK MING SHANGHAI'S fast transformation from a manufacturing hub into a service economy spells great business opportunities for Singapore companies, according to Ignatius Lim,REUTERS - 1,141 words
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Article, Illustration481 2006-08-10 9 CHUANG PECK MING - By CHUANG PECK MING WHILE CWT has had a presence in China since 1994, it was only three years ago that the Singapore logistics company set up shop in Shanghai "Shanghai is a major market," says CWT's group chief executive Loi Pok Yen. "Being481 words
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Advertisement78 2006-08-10 9 ENTERPRISE THE BUSINESS TIME SINGAPORE Singapore Singapore International bawaakly, fiwfcet-focusedsertw brought to you by IE Singapore and Tha BuslrwM Tkna*. IE Singapore b an agancy undar tha Mlnbtry of Ttnada and Indurtry halping Singapore antarprbas export and IntarnaUonalba. Event Fee for Suppliers to Asian. Auto SS2SO Sssoo<wrtfi exhibition bootti Promotionel78 words
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ECONOMY WATCH
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566 2006-08-10 10 Officials warned to take to heart govt demands to curb investment Reuters [BEIJING] China's top banking regulator said the country's commercial banks need to strictly abide by capital-adequacy requirements and rules on provisions for bad loans as the government seeks to cool blazingReuters - 566 words
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268 2006-08-10 10 AFP [SHANGHAI] China's trade surplus in July hit a record U5514.61 billion, state press reported yesterday, offering further evidence that the Chinese economic machine was continuing to race ahead. July exports were up 22.6 per cent to U5580.34 billion from aAFP - 268 words
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354 2006-08-10 10 AFP [TOKYO] Japanese private sector machinery orders in June rose 8.5 per cent from the previous month, soaring past market expectations of a decline as Japan enjoys the longest recovery in decades, the government said yesterday. The data helped the Tokyo Stock Exchange'sAFP - 354 words
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Article, Illustration667 2006-08-10 10 Group faces many barriers and slow pace of reform Reuters [KUALA LUMPUR] Southeast Asia's club of nations, Asean, turned 39 on Tuesday and already it .appears to be grappling with a midlife crisis. The Association of' South-eastReuters; REUTERS - 667 words
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Article2195 2006-08-10 10 VOL General Cop 0.39 unth 74 ta|» MM W- Ctm Gerrtmg 25j00 030 185 George Kent 0M 0.01 51 A M Realty 1.45 unch 2 GHLSystams 031 unth 722 Abric 031 3.03 24 Gtabetron.es Teth 0.30 unth 167 ACP Industries .034 -a01 191 GtomacBhd 1.19 unth 49 Advance2,195 words
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MALAYSIA
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Article, Illustration583 2006-08-10 11 PAULINE NG - The M'sian car firm's share price has fallen by half in the past year By PAULINE NG in Kuala Lumpur INVESTORS are not staking too much on Malaysia's assurance it will continue to protect the interests of Proton Holdings. Over the past year, the shareAFP - 583 words
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Article420 2006-08-10 11 AP [KUALA LUMPUR] Former Malaysian prime minister Mahathir Mohamad said yesterday he has proof of government-linked corruption that has been covered up in Malaysia a claim that could undermine his successor's promise to wipe out graft. Dr Mahathir signalled that he wasAP - 420 words
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218 2006-08-10 11 Bloomberg [KUALA LUMPUR] Scomi Group Bhd, a Malaysian oil-and-gas services company, said it will raise RM6OO million (*****.5 million) by revamping and selling shares in its drilling fluids business on the Singapore Exchange (SGX) to help pare debt and fund expansion. TheBloomberg - 218 words
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BRIEFLY ASIA
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62 2006-08-10 11 Reuters [HONG KONG] China Construction Bank, the country's third-largest lender is interested in acquiring the Hong Kong arm of global lender Bank of America, a newspaper said yesterday. A banking source, however, played down the report, saying there was already ah arrangementReuters - 62 words
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57 2006-08-10 11 AFP [KUALA LUMPUR] Malaysian businessman, Nik Sapeia Nik Yusoff, 53, was charged yesterday with injuring four people including Mahathir Mohamad on July 28. Dr Mahathir was accidentally hit with pepper spray amid a scuffle between two supporting factions over whose vehicles would beAFP - 57 words
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53 2006-08-10 11 Reuters [HONG KONG] Property developer Cheung Kong (Hldgs), responding to reports that it is planning to list a real estate investment trust (Reit) made up of hotel holdings, said yesterday it "has not appointed any investment bank as an underwriter for anyReuters - 53 words
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44 2006-08-10 11 Bloomberg 1 [NEW DELHI] Among the bidders for Bangladesh's Rupali Bank Ltd is Saudi Prince Bandar bin Sultan, as record-high oil prices spur Middle East investors to seek overseas assets, the Bangladesh Privatisation Commission Secretary said.Bloomberg - 44 words
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Page 11 Advertisements
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Advertisement159 2006-08-10 11 American Home Assurance Company Singapore (icncrallnsura^^^^thcVcar ig|%; 10th Asia Insurance Industry Awards Darussalam organized by Asia Insurance Review The Review Worldwide Reinsurance Magazine. The Asia Insurance Industry Awards recognize and salute excellence in the insurance industry. mm 9 Congratulations AHA Singapore! BraL American Home Assurance Company Singapore M From your159 words
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GREATER CHINA/INDIA
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553 2006-08-10 12 JANE MOIR - Purchase price put at between HK$250m and HK$280m By JANE MOIR in Hong Kong RICHARD Li plans to swap telecoms and broadband for ink and bromide. The media tycoon is buying a 50 per cent stake in Hong Kong's oldest economic553 words
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Article, Illustration640 2006-08-10 12 [BEUINGI Just two months after it lifted a year-long ban on new share sales, China's securities regulator is considering a temporary, de facto suspension of initial public offerings and other stock sales amid offi-' rial concern that the mainland's stock markets areREUTERS - 640 words
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545 2006-08-10 12 Share swaps will be allowed but M&As in key sectors may be blocked Reuters [BEIJING] Business forays into China could become both easier and harder under commerce ministry rules covering foreign investment and takeovers published yesterday. The regulations give foreign buyers explicitReuters - 545 words
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276 2006-08-10 12 The Economic Times [MUMBAI] India could be insulated from a possible economic downturn in the United States next year as its trade exposure is evenly spread across the world, Deutsche Bank's chief economist Norbert Walter said on Tuesday. Mr Walter said he expectedThe Economic Times - 276 words
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Article227 2006-08-10 12 Eco nomic Times [MUMBAI] The US Office of the Comptroller of Currency (OCC), which regulates and supervises US banks and their agencies, has extended its jurisdiction to Indian shores. The OCC is looking at inspecting and auditing firms which provide offshore outsourcing services like equityEco nomic Times - 227 words
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Page 12 Advertisements
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Advertisement1121 2006-08-10 12 :*AT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GULF ENERGY ASIA PTE LTD [Co. Reg. No. IMIO4ISBM] (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Rnal1,121 words
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Advertisement691 2006-08-10 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WORLDWIDE BUSINESS RESEARCH (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) Company registration no. *****3252Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting691 words
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Page 13 Advertisements
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Advertisement210 2006-08-10 13 w i* ~P 7" 1 1 7" t 1 m l I^HHI w/k On October Ist, in V3^BeE9EiSBS9IIh Singapore will line up .'|^lH with 25 other nations in r: the World Cup of Motorsport.- .*<v 1 i i»-'M e^ESM i-* v*fcr.~**V-•■■** 1 L e '> mfW m^*4 JS^__o^___^_*_^«fe 4^l flivc210 words
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ASIA-PACIFIC/WORLD
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Article, Illustration779 2006-08-10 14 ANTHONY ROWLEY - ASIA INSIGHT Japanese investors are pouring massive amounts of cash into Chinese and other Asian stocks, leaving local equities to languish ANTHONY ROWLEY Tokyo Correspondent ONE of fife's great mysteries or minor ones, at least is why Japanese stockmarket investors have not joined the779 words
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286 2006-08-10 14 AL LABITA - By AL LABITA in Manila INDONESIAN Salim group's listed Philippine telco flagship, a tie-up with Japan's NTT, will focus on broadband and data services following dismal income results in this year's first half. "With the cellular industry moving past its rapid286 words
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Article, Illustration631 2006-08-10 14 Reuters [TOKYO] Parts makers belonging to Toyota Motor Corp group have been the envy of the industry for years: with a parent constantly racing to catch up with demand for its cars, business has rarely run dry. Now, competition is set to heatReuters; FILE PHOTO - 631 words
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528 2006-08-10 14 Reuters [OSLO] Manure and buses are among promising areas for investment under a United Nations project in the Third World aimed at combating global warming, a senior UN official said. The scheme, part of the UN's Kyoto Protocol curbing useReuters - 528 words
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Advertisement758 2006-08-10 14 FUTURISTIC GROUP LTD. (Company Registration No. *****3164K) (Incorporated in the Republic of Singapore) notice of Extraordinary general meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be hold at 34 Woodland* Industrial Park El, Singapore *****7 on 25 August 2006 at 10.30 a.m. to consider758 words
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WORLD
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498 2006-08-10 15 Justice Dept wants 3.7-metre pipe leak section sent to investigators AP [WASHINGTON] Having to shut down its operations on the North Slope is only the latest problem for oil giant BP, already the target of a federal grand jury,AP - 498 words
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382 2006-08-10 15 Reuters [SAN FRANCISCO] Seagate Technology the biggest US computer hard-disk drive maker said on Tuesday its quarterly net profit plunged 98 per cent, due principally to costs from acquiring rival Maxtor Corp. Seagate also said it planned to repurchase as much asReuters - 382 words
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WORLD WATCH
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104 2006-08-10 15 Reuters [BANGKOK] Thailand's top energy firm PTT yesterday said it signed a contract with Malaysian state oil firm Petronas to expand service stations for natural gas vehicles (NGV) to cut, dependence on oil. Under the contract, PTT would put NGV equipment in Petronas serviceReuters - 104 words
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116 2006-08-10 15 Reuters [NEW YORK] News Corp said on Tuesday that its quarterly net profit rose 19 per cent, boosted by advertising revenue at the Fox News Channel, Ice Age: The Meltdown film ticket sales, and the sale of radio stations. The results were inReuters - 116 words
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64 2006-08-10 15 Reuters [NEW YORK] Communications network equipment maker 3Com Corp on Tuesday named Edgar Masri as chief executive and said it would begin negotiations with Huawei Technologies with the intention of increasing 3Com's stake in their joint venture. 3Com already owns 51 per centReuters - 64 words
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78 2006-08-10 15 Reuters [TOKYO] Top Japanese tyre maker Bridgestone Corp yesterday said first-half operating profit fell 8.7 per cent, hit by higher costs for rubber, crude oil and other materials. The company's net profit for the six months ended June 30 sank 67.7 per centReuters - 78 words
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Article, Illustration78 2006-08-10 15 [EDGARTOWN. Massachusetts] Author and humorist Art Buchwald displaying a golf club during the Possible Dreams Auction 2006 here, on Martha's Vineyard island, on Monday. The club was donated for auction by former US president Bill Clinton and was sold for U5522,000 at the charity auctionAP - 78 words
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Article632 2006-08-10 15 ANALYSIS US companies expected to cut costs to maintain profit margins Reuters [NEW YORK] Four years of double-digit quarterly earnings growth by US companies is likely to end in the second half unless steep cost-cutting measures and other margin-saving efforts help offset weaker-than-expected sales. Standard Poor'sReuters - 632 words
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485 2006-08-10 15 OBITUARY He is remembered for safeguarding standards of independence, client loyalty Bloom berg [NEW YORK] John L Weinberg, the former Goldman Sachs Group Inc leader who preserved Wall Street's last major partnership in the 1980s while refusing to take part in the era'sBloom berg - 485 words
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FED FOCUS
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Article, Illustration936 2006-08-10 16 Fed statement emphasises the outlook for prices Bloomberg [WASHINGTON] Federal Reserve chairman Ben S Berhanke pufhis inflationfighting credibility on the line after barely six months in the job, leaving interest rates unchanged even as inflation quickens. Mr Bernanke led a majority vote on TuesdayBloomberg - 936 words
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Article175 2006-08-10 16 [WASHINGTON] The following is the full text of the statement released by the Federal Reserve: "The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5 V* per cent. Economic growth has moderated from its quite strong pace earlier this year,175 words
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Article, Illustration557 2006-08-10 16 Reuters [NEW YORK] The Federal Reserve's statement accompanying its decision on Tuesday not to raise interest rates contained just enough strong rhetoric on bubbling inflation pressures to support the dollar in the near term. The dollar fell immediately after the Fed'sReuters; AFP - 557 words
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Article, Illustration641 2006-08-10 16 Bloomberg [ATLANTA] Federal Reserve Bank of Richmond president Jeffrey Lacker, who has warned of complacency in fighting inflation, disagreed with the Fed's decision to forgo an interest rate increase. The rebellion is the first on the Federal Open Market Committee (FOMC) since Ben Bernanke became chairmanBloomberg; BLOOMBERG - 641 words
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783 2006-08-10 16 Reuters [NEW YORK] Investors* worries that the Federal Reserve may not act aggressively enough to curb -inflation will likely hurt long-dated Treasuries prices in coming weeks, steepening the yield curve. The US central bank left the federal funds target rate at 5.25 perReuters - 783 words
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AVIATION
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Article, Illustration872 2006-08-10 17 It posts profit of HK$1.67b on rising travel demandsales go up 13% Bloomberg [HQNG KONG] Cathay Pacific Airways Ltd, Asia's second-most profitable carrier, reported higher-than-expected net income in the first half, as rising travel demand countered an increase in fuel costs. Profit forBloomberg; AFP - 872 words
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305 2006-08-10 17 Bloomberg [LOS ANGELES] Northwest Airlines Corp's pilots union, worried that the bankrupt carrier may request further contract changes for members, is backing the right of flight attendants to carry out a strike threatened for next week. The attendants union on Aug 1 saidBloomberg - 305 words
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LOG BOOK
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62 2006-08-10 17 AP [WELLINGTON] Tighter security measures for New Zealand airport workers and their vehicles will be introduced in a new law to be passed by Parliament later this year, an official said yesterday. The new tougher security checks are needed to meet InternationalAP - 62 words
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67 2006-08-10 17 AFP [BANGKOK] The powerful union at Thai Airways International said yesterday it opposed a government proposal to bring domestic flights to Bangkok's new international airport before the official opening as it would overstretch workers. Transport Minister Pongsak Ruktapongpisal said earlier this week that domesticAFP - 67 words
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56 2006-08-10 17 Bloomberg [TOKYO] Japan Airlines Corp, which has had two losses in three years, reiterated plans to sell some of its real estate and stockholdings, as it seeks to return to profit. The airline will sell two employee dormitories, six hotels and someBloomberg - 56 words
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Article44 2006-08-10 17 Reuters [STOCKHOLM] Scandinavian airline SAS posted a lower than expected second-quarter pre-tax profit yesterday, hurt by one-off charges. Pre-tax profit rose to 643 million Swedish crowns (*****.9 million) from 590 million in the same period of 2005. ReutersReuters - 44 words
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Article, Illustration502 2006-08-10 17 Some top carriers have posted losses; grim outlook for H2 AFP [PARIS] As vacationers bask in the northern hemisphere's summer sun, airlines are raising fuel surcharges or warning that hikes are on the horizon because oil prices are back on the boil. AirAFP; BLOOMBERG - 502 words
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Article2066 2006-08-10 17 CUT WT KTA WT «T» SQ143 1535 SQ146 1640 GA840 1640 GAM1 1755 ?i» *m ]w wxfcj jg£ jgg SQ230 1750 8A7382 2215 <>•*»• <**?» 134? QW639 0745 AF8087 1850 QF62 2215 MM MS9493 0735 EK405 0210 BA7381 1850 LH9770 234S NZ4355 0735 EM33 0300 t2,066 words
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Page 17 Miscellaneous
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Miscellaneous198 2006-08-10 17 CRYPTIC CROSSWORD 29 One-time energy and skill (9) ing sacked (7) YESTERDAY'S SOLUTION DOWN 15 Exercise machine (9) 7 b i a t<. ra i m Rpn npts 3 littlp swppt in thp in 1 6 Energy-booster needed to write Across 7 Placard < 8 Lateral 10 ter?rr?>m article about198 words
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SHIPPING
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355 2006-08-10 18 CLARENCE MICHAEL - UAE, Bahrain group to invest in infrastructure projects By CLARENCE MICHAEL in Dubai A GROUP of UAE and Bahrain entities has set up a US$l billion holding company to invest in infrastructure projects worth US$3O billion in Egypt. The consortium said in a355 words
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Article, Illustration544 2006-08-10 18 But shipbuilder's shares fall as margins disappoint Reuters [OSLO] Norwegian shipbuilder Aker Yards ASA reported a bigger-than-ex-pected 59 per cent jump in core profits yesterday and said it expected activity to stay high, but its shares fell as margins disappointed the market. Earnings beforeReuters; BLOOMBERG - 544 words
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704 2006-08-10 18 DAVID HUGHES - STRAIT TALK By DAVID HUGHES THE major corporate shipowners have been announcing their interim results over the past couple of weeks. Of course some have fared better than others, but one theme runs through pretty much all the reports high bunker prices have hit704 words
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221 2006-08-10 18 Bloomberg [SEOUL] Hapag-Lloyd AG, Evergreen Marine Corp and nine other shipping lines plan to increase the rate for moving lumber, wood pulp and other forest products to Asia from the United States to recoup part of higher costs. The rateBloomberg - 221 words
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Article, Illustration86 2006-08-10 18 [ALASKA] The 'Cougar Ace' is shown between Wide Bay and Ider Point off Hog Island as it is towed into Unalaska Bay on Tuesday. The ship, owned by Mitsui OSK Lines, had been listing since problems arose during a required open-sea transfer of ballast water on July 23,AP - 86 words
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Article270 2006-08-10 18 sgx mmmmmmm <n» St Vol CH Offshore .035 0.01 29 ChuanHup 032 -0.01 876 Coko Corporation 1.47 -0.02 4252 CWT Distribution .0.61 -0.01 14 EzraHldgi 252 0.02 133 FretghMinla .0.06 -0.01 269 Grand Banks Yacht .....0.92 unch 0 Java Holdings 136 undi 824 K1 Venture .0.35 -0.01 1350270 words
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104 2006-08-10 18 Reuters [COPENHAGEN] Danish shipping company Torm posted a smaller-than-ex-pected 6 per cent fall in sec-ond-quarter pre-tax profit and raised its full-year profit forecast on the back of continued high freight rates. Pre-tax profit fell to US$BO.B million from US$B5.9 million in theReuters - 104 words
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Advertisement91 2006-08-10 18 "SHIPOWNERS HShip Registration International Ship Registries (ISR) provides fast |\|r efficient service for registration licensing of wfv ships under various flags. Ship Classification International Ship Classification (ISClass) is an independent organization providing classification iSciaM serv,CoB f° r newbuildings existing vessels as well as statutory surveys certification on behalf of flag91 words
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Article5990 2006-08-10 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local can tm S$ laUS$ %y *dy %yt dy %yr *"8* Indw Chug* Chun* Change Chug* Chang* Ch«ng« World !nde* PreSrmnary 989.1 0.4 2.0 03 -0.1 03 5.6 EAR Prefcninary 991 5 0.5 1.9 tt4 3.4 03 93 Europe Prefc uiiary 1329.75,990 words
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EDITORIAL & OPINION
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488 2006-08-10 20 EDITORIAL MALAYSIAN Prime Minister Abdullah Ahmad Badawi's recent call to Asean to reassess its policy of non-interfer-ence in each other's affairs deserves thoughtful consideration by all its members. Mr Abdullah was speaking in the context of Myanmar and the fact is that the 39-year-old grouping cannot488 words
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Article, Illustration1078 2006-08-10 20 LEON HADAR - Victories in November will allow Democrats to challenge his agenda to liberalise global trade LEON HADAR Washington Correspondent THE US mid-term Congressional elections are three months away and that is certainly a long time in politics. But a large number ofREUTERS - 1,078 words
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Article, Illustration731 2006-08-10 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group A PROMINENT US journalist wrote in 1947: "The basic power determinant of any country is its steel production, and what makes this a great nation above all is theThe Washington Post Writers Group - 731 words
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Article, Illustration1687 2006-08-10 21 SAID ABDULLAH - The syariah-compliant sukuk has made its mark in the global finance market SAID ABDULLAH Correspondent BARELY five years after its debut on the financial market, the sukuk or Islamic global bond has taken off. It has carved for itself a promising niche in the globalAFP; Source: FT - 1,687 words
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Article, Illustration864 2006-08-10 21 ANDY MUKHERJEE - ANDY MUKHERJEE Bloomberg IF ANYONE is singularly qualified to offer advice to policy makers, business executives and academics on managing the politics of outsourcing, it is Gregory Mankiw. As the chairman of President George W Bush's Council of Economic Advisers during the last US presidentialBloomberg - 864 words
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Advertisement1744 2006-08-10 22 UK CONTINENT SERVICE U.IA SERVICE Destination Destination EVGENIA RDM/ATW/BMN/TLB/NAN SEAFRIEND CAM/NFK/SAV/NOL HANJIN PENANG lAX/VCW/MZL Load, Singer, E7W. Malabo, Indent EVW. Malays Ind™*. MIPOLE-EAyr WBVICI MJtU. MWVICE Destination PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT STX POTBN INC/BSN GLOBAL MOKPO DBI/ABU/DOH/BRN/DMM/KWT PAN DYNAMIC JDH/AQA Loads Singapore, E./W. Malaysia, Indonesia Loads E.1,744 words
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Advertisement460 2006-08-10 22 VtffV WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com rasa vot urn warn m ik map say mi otF TIMKUW AH2S 3201 m 4.4 M 24/04 20/09 29/09 03/10 07/10 05/10 TAIABOT AH27 400fw UM It/09 10/10 19/10 23/10 20/10 24/10 Til MUM AH2O 3201 m 4.4W 27/00 20/10 20/10 02/11 04/11 04/11460 words
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Advertisement1254 2006-08-10 23 WAN HAI MTBtNATIONAL PI! LID oittHmS VT.A 10:*****588 (MUNES) FJUQ*****163 V\\N i WAN HAI I INFs I JlVtlllll llfll klllLJ Ml IB: (03) 334MK1 FWb (03) 3M232M WIH: (04) IJtStOt NUb (DOmmt V JOH I* 07) 25 iota HUL 107)*****21 SB*: *31) 32W475f«L|Ml) 32*2714/*****15 WWW wn.h.l CM so JKT IB:1,254 words
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Advertisement904 2006-08-10 23 IVfSStt IVQY PKI SIN KARACHI I PXB BAR NHS PMM BIK KHOtt IRAN SATTARI pa 1152 13/08 16/08 25/01 28/08 29/08 04/09 06/09 08/09 IRAN KAABAiI PCI 8151 19/08 28/08 31/08 01/09 07/09 09/09 11/09 IRAN TAIATABAII PCI 8133 23/08 22/08 31/08 03/09 04/09 09/09 11/09 13/09 IVISSBI VOY SIN904 words
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Advertisement92 2006-08-10 23 ftlft P. T. DJAKARTA LLOYD (PERBERO) INPOW—U HATIOHAL UWi Pleas* be informed that we km appointed FT Djakarta Uoyd (Singapore) fie Ud (Co. Rag No. *****2123 M) as the general agents or FT Djakarta Uoyd (Persero) in This «d lake effect from 7 August 2006. FT Djakarta lioyd (Singapore) Pie92 words
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Advertisement868 2006-08-10 23 W WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vtssa vot sw 7j(uii6|coummo n. sneva coumrro mmmL 00S4W V) AUG 10 AUG 13 AUG It AUG 20 AUG KOTAfgWMA YPWOB9 13 AUG 16 AUG 19 AUG 22 AUG 26 AUG MDMA 6AMOHI OIO6W 22AU6 23868 words
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THE BUSINESS TIMES SHIPPING TIMES
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5610 2006-08-10 24 This ETA ETA A*w1lw Vessel Veyage Telephone ETA ETA Advertiser Vessel Voyege Telephone SM Dtsf n Nam* Nam* Nhmmt Number SM Dttfn Nam* Name Number Number mmmmmmmmmmmmmtmmm wmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm To ABIDJAN (ABJ) 2003 Cote D'lvoire To HAIFA (HFA) 2146 Israel 17/08 16X19 China Shpg NEW5,610 words
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BizIT
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Article, Illustration802 2006-08-10 25 WINSTON CHAI - They're exploring ways to strengthen the two-factor system, says WINSTON CHAI WINSTON CHAI BANKS in Singapore, rushing to meet a year-end Monetary Authority of Singapore (MAS) deadline for adopting new security measures for Internet banking, are having to redouble their efforts to thwart new802 words
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Article, Illustration261 2006-08-10 25 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY IBM Singapore employees on Tuesday raised more than $40,000 through an IBM Charity Bazaar in support of the President's Challenge. The President's Challenge is an annual series of community-based activities started by President S R Nathan in 2000 to261 words
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Article, Illustration685 2006-08-10 25 AFP [SAN FRANCISCO] Apple Computer showcased its Leopard operating system, due out next year, to the cheers of software developers gathered for a major conference here on Monday. With its trademark theatrical flair, the maker of Macintosh computers and iPod music playersAFP; AP - 685 words
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Article, Illustration345 2006-08-10 25 AFP [TOKYO] Sony said yesterday that it will market in the United States a first-of-a-kind wireless broadband device allowing users to exchange online voice and text messages, browse the Internet and listen to music. The palm-size personal communicator, named mylo and aimedAFP - 345 words
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Article, Illustration717 2006-08-10 26 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY MOBILEONE (Ml) has launched what it says is Singapore's first 3G router, enabling users to set up their own Wi-Fi hotspots using 3G wireless connectivity. Currently, Ml is the only one of Singapore's three major telcos which does717 words
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523 2006-08-10 26 AFP [LAS VEGAS] The most vexing weakness in computer security is not in the hardware or the software, it is in the people who use the machines, according to top hackers and tyber safety specialists. "It really is more of aAFP - 523 words
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Advertisement8 2006-08-10 25 MOBILEONE Ml goes Wi-Fi with 36 router PG268 words
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Advertisement391 2006-08-10 26 Q Transforming IT Management v iiMaiMMiWWMiMWwwMwMI IHPIMPr I ■■■■■■■■■■■■■Mr m iIHHHnMHr < The issues, opportunities and challenges of effectively governing an consisting of both a top down framework and roadmap together with organization's Information Technology (IT) demands, investments bottom up implementation to address the broad range of IT and resources391 words
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PROPERTY
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506 2006-08-10 27 But lagging tenant demand in office sector must rise for rents to grow more Reuters [LONDON] Real estate investment in Europe hit a record in the first half of the year, but tenant demand in the key office sector needs toReuters - 506 words
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245 2006-08-10 27 [LONDON] The average price of a house in England and Wales reached a record in the second quarter, nearing £200,000 (S$600,000) as a revival in the US$6 trillion property market gained momentum. The average cost of a home rose 8 per cent in the245 words
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Article131 2006-08-10 27 [KUALA LUMPUR] Construction and property group SBC Corp Bhd wilf Jointly build RM96 million (5541.2 million) worth of houses in Thailand with a local partner there, Malaysia's Business Times reported yesterday. The newspaper said the project, undertaken with Thailand-based construction entity Seacon Co Ltd, marks131 words
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1744 2006-08-10 27 PROJECT NAME/ PROP CONTRACT TENURE mQ-WMD PRICE PSF STREET HAME TYPE DATE A8£A»{SQFT) (SfOOO) (S$) District 1 j^ON-LANDED Hume Park II Apt 28/07/2006 FH 958 460 480 The Sail At Marina Bay Apt 26/07/2006 99 1959 2743 1400 The Sail1,744 words
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390 2006-08-10 28 Real estate investment trust will be M'sia's biggest, it says Bloomberg [KUALA LUMPUR] Sunway City Bhd, a Malaysian developer and hotelier, said it plans to set up the nation's biggest real-estate investment trust in two years, with a value of at least RMI.SBloomberg - 390 words
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326 2006-08-10 28 [KULA LUMPUR] Units of Malaysia's first Islamic property trust, due to start trading tomorrow, could rise by about a fifth as syar-iah-compliant trusts are scarce, says a report in Malaysia's Business Times. The units were given a fair value ranging from 88 sen to326 words
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227 2006-08-10 28 [KUALA LUMPUR] AMANAH Raya Bhd (ARB) expects to list its real estate investment trust the first by a government-owned company on Bursa Malaysia in October this year, says a report in Malaysia's Business Times. Chief executive Ahmad Rodzi Pawanteh said the company had227 words
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Advertisement179 2006-08-10 27 100, Kampong Javaßd, Curzon Lodge Land, 29,771 sq ft KK, plot Rati o 21 P Freehold Height Limit 81m AMSL 1 sail 3*3fcHl Serene Surrounding Wt Near Newton MRT and Newton 1 wrfSM Food Centre Tender closing on Friday, 18 Aug 2006,3pm. 3 Bishan Place CPF Bishan Building, #05-08 Singapore179 words
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Advertisement381 2006-08-10 28 LE CHATEAU 67 Cavenagh Road Prime district 9 H ree^°'c s te rc^ ac^ PI" |M« W Provisional Permission granted Possible to amalgamate State land SALE BYTENDER Closing: 29 August 2006, Tuesday at 3pm Peggy Tan 6531 8540 Tay Liam Hiap 6531 8616 SammiLim 6531 8656 HoEngJoo 6531 8618 RON*381 words
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