The Business Times, 11 August 2006
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2006-08-11
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The Business Times
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Title Section18 2006-08-11 1 THE BUSINESS TIMES wmmth ANNIVERSARY JD SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Friday August 11,200618 words
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Article, Illustration889 2006-08-11 1 VEN SREENIVASAN - No disruption to flights but SIA tightens baggage checks on UK, US flights By VEN SREENIVASAN [SINGAPORE! Singapore authorities were waiting and watching last night in the wake of a foiled terror attack that British police said was intended to "commit mass murderAP - 889 words
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673 2006-08-11 1 ANNA TEO - By ANNA TEO [SINGAPORE] Behind the buoyant second-quarter figures, a slowdown in economic growth has started. One that is likely to continue through the second half. But while external demand may still ease, the services sector should provide support, economists say. The economy grew673 words
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Page 1 Advertisements
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Advertisement8 2006-08-11 1 CORPORATE RESULTS Creative cuts Q4 losses page 48 words
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Advertisement10 2006-08-11 1 PACT 111 8 11 887i8r'*****4 Markets Digest Is Md over10 words
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Advertisement66 2006-08-11 1 i|i f|l ll| EXEC LIFESTYLE S" j|| corporate fairways ———_s COB Premiums jump across the board PAGE 10 »|#i' S J& /Tk V*- I MORE REPORTS This would have been mass murder; UK police PAGE 3 Airline, airport stocks slide PAGE 3 Flights cancelled; chaos, delays at UK airports PAGE66 words
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TOP STORIES
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Article597 2006-08-11 2 CHEN HUIFEN - SINGAPORE'S Q2 ECONOMIC REPORT But slowdown seen in second half as output growth moderates Reports by CHEN HUIFEN {SINGAPORE] The employment outlook this year is expected to be better than that last year, despite a likely slowdown in job creation for the second half. "For597 words
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297 2006-08-11 2 [SINGAPORE] Singapore's construction sector has registered its first quarterly growth in more than a year, indicating it may be emerging from a prolonged slump sooner than expected. According to data released yesterday by the Ministry of Trade and In- dustry, the construction sector297 words
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Article472 2006-08-11 2 Airline stocks lead slump in European, US markets EUROPEAN stock markets suffered their worst declines in a month and were followed by setbacks on Wall Street as investors shuddered yesterday after a narrow escape from a massive terrorist outrage. The big question— after the initial kneejerk reaction to472 words
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Advertisement20 2006-08-11 2 Parting company? Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. NOTICES u20 words
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Advertisement8 2006-08-11 2 people Clients wanted. (Only excellent companies need apply)8 words
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UK AIRPORT PLOT
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Article, Illustration681 2006-08-11 3 No hand luggage allowed on planes leaving UK airports AFP. AP. Reuters. AP [LONDON] Air travel to and from Britain was plunged into chaos yesterday in the wake of the discovery of a plot to blow up airplanes on transatlanticAFP.; AP.; Reuters.; AP; REUTERS - 681 words
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596 2006-08-11 3 NEIL BEHRMANN - By NEIL BEHRMANN in London EUROPEAN stock markets suffered their worst declines in a month and were followed by setbacks on Wall Street as investors shuddered yesterday after a narrow escape from a massive terrorist outrage. The big question after the596 words
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443 2006-08-11 3 21 detained in audacious plot that targeted American airlines Reuters. AFP. AP. Bloomberg [LONDON] British police yesterday said they had thwarted a plot to blow up aircraft in mid-flight between Britain and the United States in what Washington said might have beenReuters.; AFP.; AP.; Bloomberg - 443 words
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Page 3 Advertisements
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Advertisement261 2006-08-11 3 ■■■■■■■■■Ml WmKKm vHSI^H r*S f f§ f IP? ||S 'rbf4gpj|* §fepr-k: -Jtmmm? I IT' tirfii Ti •-riV? of deticbuslartocciMdspecialtlej compete with a choice of Australian prapthimwfces. CLf jLrn i$ a regular celebrity Cftef on Sydney** Chamel io% "Ready, Steady, Code*. Me l« afeo the Managing Director of food 2 Impress261 words
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COMPANY NEWS
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Article, Illustration699 2006-08-11 4 MATTHEW PHAN - Results better than expected; target for profitability by year-end By MATTHEW PHAN HELPED by a US$lO million tax credit and lower costs, Creative Technology more than halved net losses for its fourth-quarter ended June 30 to US$l2.7 million, from US$3l.9 million in699 words
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Article, Illustration478 2006-08-11 4 UMA SHANKARI - By UMA SHANKARI BOOSTED by good sales of its Sentosa island developments, property developer Ho Bee Investment's net profit for the second quarter ended June 30 almost trebled rising 192.7 per cent to $24.4 million from $8.3 million for the previous corresponding three months.TNP - 478 words
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466 2006-08-11 4 SIOW LI SEN - By SIOW LI SEN GREAT Eastern Holdings (GEH), in the midst of a contentious privatisation attempt, yesterday posted lower net profit of $93.3 million, down 7 per cent, for the second quarter ended June 30. The insurer, which is 83 per466 words
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644 2006-08-11 4 MICHELLE QUAH - HOCK LOCK SIEW By MICHELLE QUAH AUDITING heavyweight PricewaterhouseCoopers (PwQ lost a string of big-name clients recently as a self-perceived need to improve levels of corporate governance pushed a number of large companies to institute an "audit firm rotation" policy. The ultimate644 words
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Article, Illustration359 2006-08-11 6 UMA SHANKARI - Earnings for the half year ended June 30 stand at $28.7 m By UMA SHANKARI HTL International Holdings's second-quarter net profit grew 36.7 per cent to $16.8 million, bringing the company's earnings for the half year ended June 30 to $28.7FILE PHOTO - 359 words
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325 2006-08-11 6 REGIONAL healthcare group Parkway Holdings suffered a fall in secondquarter earnings, due mainly to a one-off charge. Parkway said yesterday that net profit for the three months ended June 30 dropped 58 per cent to $6.6 million because of an impairment charge325 words
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439 2006-08-11 6 VEN SREENIVASAN - By VEN SREENIVASAN BOOSTED by strong demand for its soya derivatives, Pine Agritech recorded an 88 per cent year-on-year surge in sec-ond-quarter net profit to a record 111.8 million yuan (5522.7 million). This came as revenue jumped 85 per cent439 words
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257 2006-08-11 6 ARTHUR SIM - By ARTHUR SIM LOGISTICS company CWT Ltd will distribute a special dividend of three cents per share to shareholders, amounting to $7.2 million after tax. This follows the completion of the sale and leaseback of two of its properties to Cambridge Industrial257 words
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201 2006-08-11 6 ARTHUR SIM - By ARTHUR SIM ALLCO Reit has announced its maiden financial quarterly results with the amount available for distribution to unit-holders $7.6 million 4.5 per cent higher than its earlier forecast at the time of its IPO in March. The office and retail201 words
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452 2006-08-11 9 VEN SREENIVASAN - The frozen food giant's stock commands a 30% premium in the 'grey' market By VEN SREENIVASAN THE market developed a huge appetite for the shares of China-based frozen food giant, Synear Food Holdings Ltd, judging by the hefty 30 per cent premium the452 words
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248 2006-08-11 9 MATTHEW PHAN - By MATTHEW PHAN MAGNUS Energy Group said yesterday it will acquire a majority stake in Songyuan Yongda Oilfields Exploration and Technology, an oil and gas company in China, possibly making it the first locally listed firm to own oil concessions there. Yongda owns248 words
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COMPANY BRIEFS
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Article62 2006-08-11 9 PACIFIC Andes Holdings reported 72.9 per cent year-on-year jump in net profits to HK$7O.4 million (5514.2 million) for its first quarter ended June. Revenues grew 86.4 per cent to HK$l.5 billion. Subsidiary China Fishery saw a 116.9 per cent rise in net profits to US$l2.462 words
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Article32 2006-08-11 9 MARINE supply company, Sinwa Ltd, posted a 9.4 per cent year-on-year rise in first-half net profit to $3.5 million. Turnover was $52 million, up 8.5 per cent.32 words
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Article33 2006-08-11 9 COMMODITIES supply chain manager Noble Group posted a 53 per cent fall in second-quarter net profits to U5524.9 million. Revenues dipped 3 per cent to about US$3.4 billion.33 words
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Article30 2006-08-11 9 HAW Par Corporation saw 2Q06 net profits fall 3.9 per cent to $33.1 million, as sales turnover fell half a per cent to $31.2 million.30 words
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Article38 2006-08-11 9 LANDWIND Medical, which sells medical diagnostic imaging equipment in China, recorded 30 per cent rise in Q2 net profits to 13.5 million yuan (552.7 million), Revenues rose 26 per cent to 69.1 million yuan.38 words
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Article44 2006-08-11 9 BRILLIANT Manufacturing saw revenues fall 49 per cent year-on-year to $20.4 million for 3Q06, in line with an earlier warning. It saw a net loss of i 2.9 million, against a net profit of $3.34 million last year.44 words
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Article24 2006-08-11 9 CHINA Aviation Oil (CAO) non-executive director Yang Chuan has assumed executive position as deputy head of special task force.24 words
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Advertisement6 2006-08-11 4 li/f -^9^gSL§~/l BOSS HUGO BOSS SELECTION6 words
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Advertisement372 2006-08-11 5 T P 4fl •< llwe developiproduce and sell afarce variety of quick W freeze food products under our ■r brand name, which was ranked one of "China's 500 l^.Most Valuable Brands" for three consecutive years X. from 2004 to 2006. Our products are distributed C X 1 in over 20372 words
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Advertisement175 2006-08-11 6 M l M LIANHEZAOBAO 1 WINEREVIEW2O I CHALLENGEOo I Savour Win Prizes Totalling $5,000 in 1 Singapore's Biggest f Wine-tasting Event! 27 August 2006 (Sunday) 2pm -spm m I Conrad Centennial Singapore, Grand Ballroom m m The Bth Lianhe Zaobao Wine Review Challenge mt\ honours the best wine labels from175 words
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Advertisement23 2006-08-11 6 S *..-i'. < *S i: 9P>'.5> f ;>, y >- > c jk K 5 *«r jfc£jjs ■tMt *i f ,v- y,.*,<•»;•;« y£V.~ <^H^^H&V r J' v#$il23 words
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Advertisement323 2006-08-11 6 FORM 55 (Pursuant to Rule 112 of the Companies (Winding Up) Rules) NOTICE OF CREDITORS' MEETING HOCK CHUAN ANN CONSTRUCTION PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) INCORPORATED IN SINGAPORE REGISTRATION NO. 1M*****8M Notice is hereby given that a meeting of creditors in the above matter will be held at 10323 words
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THE CFO INTERVIEW
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Article, Illustration1134 2006-08-11 7 JEAN CHUA - China Wheel CFO Zhang Jinli tells JEAN CHUA how he meets the dual challenge successfully JEAN CHUA BEING the main man looking after the finances of a $90 million listed company is no easy task. There are compliance issues, analysts to talk to and1,134 words
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Advertisement54 2006-08-11 7 jli Grow, evolve and empower your business get funding, explore opportunities and experience the latest innovations. Connect with like-minded entrepreneurs 14,000 participants from over 60 countries. Be inspired by global leaders, tap their winning over Nov iir< r| g Tel (65)6346 6811 Fax (65)6346 6822 FOR SINGAPORE ZH^TH Email: info@zenithevents.com.sg54 words
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Advertisement13 2006-08-11 7 C^MAT« INDUSTRIAL Interim Dividend s Love Always SlHf* Suzanne Walker Bpm 12pm Mon13 words
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SINGAPORE MARKETS
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Article, Illustration577 2006-08-11 8 TEH HOOI LING - STOCKS Banks, property stocks and SIA figure among the big losers TEH HOOI LING Senior Correspondent THE market had to grapple with a few pieces of news yesterday: that the British police had foiled a terrorist plot to blow up aircraft travelling fromSource: Bloomberg - 577 words
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Article, Illustration1019 2006-08-11 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Aug 10 and earlier) SubsantiaJ No of Price SHAREHOLDING Trans Shareholder/ ivyI Shares Per Before After Stock Pate Director Sell '000 Shr S fOOO) fWQ) Fragrance Grp 10-Aug-06 KohWeeMeng Buy 57 0.72 *****5 72.10 *****2 72.13 Fragrance Grp 10-Aug-06 Lim Wan1,019 words
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Article, Illustration875 2006-08-11 8 UMA SHANKARI - Compiled by UMA SHANKARI Hongguo International Aug 10 dose: 67 cents LEHMAN BROTHERS, Aug 7 WE expect Hongguo to increase its revenue and Ebit (earnings before interest and tax) at a CAGR (compounded annual growth rate) of 32 per cent and 26 per cent, respectively, in FYOS-08E. We initiateSource: Bloomberg - 875 words
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Article, Illustration545 2006-08-11 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar was hit yet again yesterday after news of a rise in terrorist alert status for US-bound planes originating from London, while outstanding jobs numbers Down Under made the Australian and New Zealand dollar the best performers.Source: Reuters - 545 words
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Advertisement3106 2006-08-11 9 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE HIQH COURT OF THE REPUBLIC OF SINGAPORE Companiee WincHng Up No 196 of 2005/F In the Matter of the Companies Act, Cap 50 and In the Matter of HL Senaecurtty Pl*. Ltd. (In Liquidation) Rea. No.: 1M*****2W NOTICE OF MEETING OF CONTRIBUTORS3,106 words
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SINGAPORE NEWS
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SINGAPORE ROUNDUP
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Article54 2006-08-11 10 FROM Aug 14, buprenorphine, the active ingredient in Subutex, will be a controlled drug under the Misuse of Drugs Act. Doctors will not be allowed to prescribe or dispense any take-home dose. The Ministry of Health will implement a voluntary programme to help wean those54 words
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Article30 2006-08-11 10 CITIGROUP has appointed Han Kwee Juan as head of global transactions services (GTS) for Singapore. GTS helps clients streamline their business processes and manage working capital.30 words
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30 2006-08-11 10 CHEMICAL giant BASF has signed a one-year R&D agreement with Singapore-based NanoMaterials Technology, a company that develops and commercialises production technologies for nano-materials.30 words
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Article, Illustration785 2006-08-11 10 SIOW LI SEN - Figures increased by 29% as more deals inked with corporate clients By SIOW LI SEN FOREIGN bank Standard Chartered Singapore has posted strong operating pre-tax profits of US$l34 million for first half 2006, up 29 per cent from a year agoUANHE ZAOBAO - 785 words
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264 2006-08-11 10 SHOPAHOLICS gave the Great Singapore Sale a 25 per cent boost this year, according to a leading credit card company yesterday. MasterCard Worldwide said its card-holders spent U*****.8 million in more than 3.5 million transactions on goods and services during the GSS from264 words
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Article, Illustration202 2006-08-11 10 EXPRESS and logistics company DHL has appointed Alec Ang as general manager of DHL Express Singapore. Mr Ang succeeds Teo Ser Luck, who left DHL on being elected a Member of Parliament in the May general election and his subsequent appointment as202 words
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339 2006-08-11 10 SAMUEL EE - AUTOMOBILE TRENDS By SAMUEL EE THE Hungry Ghost Festival is taking a back seat for new car buyers. In what appears to be a quirky response to this year's festival, COE premiums have risen sharply across the board. Among passenger car categories, a certificate339 words
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Article, Illustration526 2006-08-11 10 CONRAD RAJ - By CONRAD RAJ ONCE the butt of jokes because of its looks and quality, the Czech Republic's Skoda is today one of the fastest growing global brands in the motor industry. And after struggling for years eking out sales of no more than 200-oddFILE PHOTO - 526 words
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Advertisement229 2006-08-11 10 Parting company? Can 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in out newspapers now. w Ararat f NOTICES Professor Dan Levin f 'PI (PhD, Wharton Business School) K fe-* A PhD in Business Applied Economics, Professor Levin has been on the faculties of Wharton 1 Business229 words
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ECONOMY WATCH
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570 2006-08-11 11 Markets see uplift over fears of US slowdown, record oil prices Reuters [HONG KONG/SEOUL] Foreign investors are returning to Asia funds again after the sell-off in May triggered redemptions, boding well for the region's stock markets. A pause in US interest rate hikes isReuters - 570 words
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Article, Illustration787 2006-08-11 11 Higher rates will drive economic divergence Reuters [FRANKFURT] The novelty of all 12 euro zone economies pulling in the same direction for the first time in two years has fanned expectations of a bumper year for growth and encouraged interest rates to riseReuters - 787 words
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553 2006-08-11 11 Bloomberg [BEIJING] China said an exchange rate policy that allows its currency to rise as much as 0.3 per cent each day is helping to "balance" the economy. The comments, in the central bank's secondquarter monetary policy report, suggest that it isBloomberg - 553 words
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Article2255 2006-08-11 11 VOi General Corp 059 unch 32 W *t- CHI Ocntmg 3430 330 782 George Kent .049 031 5 A AM Realty 1*5 ireh 0 GHL Systems 331 unch 2068 Abnt 19 Gtobetrorna Tech 030 unch 161 ACPInAatnes .033 331 348 GlomacBhd 1.18 -0X11 77 Actaame Synergy 330 unch2,255 words
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MALAYSIA
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Article, Illustration500 2006-08-11 12 PAULINE NG - It claims edge over UK's Debenhams with target mkt knowledge By PAULINE NG in Kuala Lumpur MALAYSIAN homegrown retailer Metrojaya has signed an 18-year anchor tenancy lease with Beijaya Times Square (BTS), filling the void left by UK retailer Debenhams at the underusedBLOOMBERG - 500 words
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184 2006-08-11 12 AFP [KUALA LUMPUR] Malaysia is offering visas-on-arrival to citizens of 23 more countries including China, India, Pakistan, Bangladesh and Myanmar in a bid to boost its tourism industry, reports said yesterday. Home Minister Radzi Sheikh Ahmad said the visa would allow tourists fromAFP - 184 words
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309 2006-08-11 12 AP [KUALA LUMPUR] Southeast Asian trade ministers will seek to improve trade facilitation fcnd cut business cost in the region to accelerate plans to fuse their economies into a single market at their meeting later this month, a Malaysian minister said yesterday.AP - 309 words
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Article5578 2006-08-11 12 UNIT TRUSTS FUNDS AB /Vner Income A EUR 6.64/ AB Amer Income B EUR 6.6*1 ABEuophcomeOppATSGD 15.07/ (Sp 0 AB Europ heat* Opp tT SGD 15.07/ Sar Ei*ope Eqty' 0.936/ AB Europ hcnmeOpp AT EUR 7461 Sar Europe Bond 1.187/ 2aE™IS!II(E!f ma iS Sarbw-M 1.16» -746/ SarAsanTqgEgy 1.120 AB Eirap5,578 words
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Page 12 Advertisements
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Advertisement32 2006-08-11 12 II You can now use your CPF savings to invest in AllianzGl Global Allianz Hiqh Payout Fund. Visit our appointed distributors tor more details. Global investors J comp.iny r njn no IW9(i/l'>s/32 words
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GREATER CHINA
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527 2006-08-11 13 JANEMOIR - James Ting seeks to reduce a six-year prison sentence for falsifying accounts By JANEMOIR in Hong Kong THE founder of electronics company Semi-Tech is appealing against his conviction and a six-year prison sentence one of Hong Kong's harshest punishments for white collar crime in a527 words
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BRIEFLY ASIA
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Article91 2006-08-11 13 Reuters [SHANGHAI] Authorities here have started preparing a site for a Disneyland theme park, although central authorities have not yet reached any agreement with Walt Disney Co, the China Securities Journal reported on Wednesday. The amusement park, planned for construction in the outskirts of Shanghai's PudongReuters - 91 words
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Article92 2006-08-11 13 AP [TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC), the world's biggest contract chipmaker by revenue, yesterday said its revenue in July surged by about one third from the same month last year. Revenue this July was NT527.57 billion (Ssl .3 billion), compared to NT520.85 billion in JulyAP - 92 words
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88 2006-08-11 13 AFP [HONG KONG] Hong Kong conglomerate Swire Pacific yesterday posted an 8.2 per cent increase in net profit in the first half year, boosted by gains from the revaluation of its investment properties. It reported a net profit of HK57.92 billion (Ssl .6AFP - 88 words
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546 2006-08-11 13 Stricter rules may curb listings by 'red chips' Bloomberg. Reuters [BEIJING] China's government will increase scrutiny of foreign acquisitions, seeking to curb inflows of capita] to cool economic growth and prevent overseas control of industries regarded as strategically important The Ministry of CommerceBloomberg.; Reuters - 546 words
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Article, Illustration370 2006-08-11 13 Coastal provinces of Fujian and Zhejiang affected AP [BEIJING] More than 433,000 people have been evacuated from parts of China's south-eastern coast that are due to be hit by Typhoon Saomai, a government news agency reported yesterday. Saomai was to hit theAP - 370 words
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Advertisement100 2006-08-11 13 BTBfiUU* I More privileges with your BT tomorrow A weather station that can forecast the weather 24 hours ahead to help you plan for a sunny tee-off. ■M H '9HK _ep» ■1 The Oregon Scientific AWSBBB FuN Colour Weather Station. Normal Retail Price: $480 BT readers get* for $182 00%100 words
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INDIA
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Article, Illustration378 2006-08-11 14 Move follows claims that the drinks contain high levels of pesticides AP [NEW DELHI] Pressure mounted on Coca-Cola and PepsiCo yesterday as two more Indian states banned the sale of their soft drinks at government-run schools and colleges amid allegations that theyAP; BLOOMBERG - 378 words
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705 2006-08-11 14 Reuters [NEW DELHII When 55-year-old house painter Nannu Lai lost his government ration card, feeding his wife and son suddenly became twice as expensive. The card enabled him to buy his weekly rice, lentils and flour at discounted 1 prices. He desperately needed a replacement.Reuters - 705 words
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Advertisement130 2006-08-11 14 (ET^n Lianhe Zaobao I I targeting! Taiwanese I ImiSisLUiMiJk Diploma in Computing/ IT 1-2 years working experience in C#, .Net, VB, HTML, ASP lalAXbUiM^ B. Acc or equivalent ©At least 2 years working experience CATS FASTADS In Hm Naw Paper watj for job opportunities! <.11 <W. 1 L J j130 words
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ASIA-PACIFIC/WORLD
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Article, Illustration693 2006-08-11 15 Russia and Central Asia are particular areas for repair and maintenance AP, Reuters, Bloomberg [WASHINGTON] Ageing of the energy infrastructure is a worldwide problem, particularly in Russia and Central Asia, and major investments are needed to repair and maintain them, a panelAP,; Reuters,; Bloomberg; AFP - 693 words
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370 2006-08-11 15 CLARENCE MICHAEL - By CLARENCE MICHAEL in Dubai TAMEER Holding, a UAEbased real estate developer, has announced a US$2O billion project in Libya, the largest Gulf Arab investment in the North African region and the largest Arab investment in Libya. Tameer will be the main developer370 words
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300 2006-08-11 15 AL LABITA - By AL LABITA in Manila A MALAYSIAN-LED group's bid to acquire a state-owned Philippine power plant has turned political, embroiling Malaysia's linchpin political party Umno and former president Fidel Ramos. The row erupted after two senators accused Mr Ramos of pulling strings to300 words
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451 2006-08-11 15 LATEST US DATA AP [WASHINGTON] America's trade deficit improved slightly in June as record sales of US farm products and other exports blunted the impact of soaring crude oil prices. The deficit for June dipped 0.3 per cent to US$64.B billion,AP - 451 words
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504 2006-08-11 15 Bloomberg [SYDNEY] Telstra Corp's second-half profit slumped 46 per cent, threatening to derail the government's plan to sell its remaining As2s billion ($3O billion) stake in Australia's biggest telephone company. Net income fejl to A 51.04 billion in the six months endedBloomberg - 504 words
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Advertisement206 2006-08-11 15 Diners Club Card To apply, call 6416 0980 I a World of Excitative Privileges Treats Diners Club v Surpassing the °CREEK S vnyfostofKZ's Sauvignon <BCancs a 90 Points, Smart Buy Highest rated wine in the > New Zealand/ Australian category March 2006 I i' Wine Spectator Blue GoldSydney International Wine206 words
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Advertisement1939 2006-08-11 16 Interim Results 2006 IISTi n O bl6 Managing The Global Supply Chain ■M* group Financial highlights (Incorporated in Bermuda with limited liability) (unaudited) (unaudited) Six months ended Six months ended BO June 2006 30 June 2005 SGD'OOO SGD'OOO Turnover Increased By SX.es and (KSS&- (SS) f\/ Gross profit 314,079 432,8511,939 words
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Advertisement2595 2006-08-11 17 Interim Results 2006 noble Managing The Global Supply Chain iJJBJ group Financial highlights (Incorporated in Bermuda with limited liability) Turnover by Business Segment BALANCE SHEET, LIQUIDITY AND CAPITAL RESOURCES Agriculture Our primary financial objective is to maintain sufficient liquidity by a combination of cash, liquid inventory The Agriculture segment reported2,595 words
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AVIATION
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Article, Illustration582 2006-08-11 18 Figure is far below analysts' forecast; forex loss caps carrier's gains Reuters [BANGKOK] Thai Airways International pel reported a much worse than expected quarterly profit yesterday despite rising passenger loads outweighing high fuel costs as a foreign exchange loss capped its gains.Reuters; AFP - 582 words
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313 2006-08-11 18 Reuters [PARIS] Air France-KLM reported an 11.9 per cent rise in first-quarter revenue yesterday, driven by all its sectors especially passenger business. The world's largest airline by revenue said in a statement that sales for the quarter to end-June reached 5.802 billion euros (SSIReuters - 313 words
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327 2006-08-11 18 Bloomberg [MOSCOW] The Russian government may put stateowned OAO Sheremetyevo International Airport in charge of other airports in the country to improve efficiency and pool financial resources for their development, according to a plan being drafted by the Transportation Ministry. Moscow-based Sheremetyevo, of whichBloomberg - 327 words
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150 2006-08-11 18 AFP [BEIJING] Beijing has started work on a new subway line to link its airport to the city centre, state media reported yesterday, as it speeds up efforts to improve its infrastructure by the 2008 Olympic Games. The new 28.1-kilometre subway line wasAFP - 150 words
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LOG BOOK
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Article69 2006-08-11 18 Bloomberg [SYDNEY] Australia's Qantas Airways Ltd signed a code-share agreement with Jet Airways (India) Ltd, to offer more services to India. The deal means Qantas can increase services to Mumbai and Delhi. Qantas will offer daily flights between Mumbai and Sydney and gain daily servicesBloomberg - 69 words
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61 2006-08-11 18 Reuters [NEW YORK] Boeing Co faces an Air Force review of a cargo-plane contract even though the company paid US$6l5 million to settle probes into the matter, the Wall Street Journal reported yesterday. The Air Force continues to review a US$4l2 million contract adjustment thatReuters - 61 words
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53 2006-08-11 18 Bloomberg [SHANGHAI] China's Shanghai Airlines Co reported a loss for the first half, compared with a profit a year earlier, as jet fuel prices rose. Net loss was 163.3 million yuan (5532.2 million), compared with a profit of 13.3 million yuan aBloomberg - 53 words
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Article, Illustration618 2006-08-11 18 But shares dip 3% as investors worry about oil price rises Reuters [SEOUL] Korean Air Co posted a net profit for the April-June quarter as it carried more passengers, but shares in South Korea's top airline fell 3 per cent as investors frettedReuters; AFP - 618 words
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Article604 2006-08-11 18 luwm M B M ?8S AShNmU ***** 1135 u JO HI II1 jjjj jjjj mzw tm j Um^ 1 J J $&~S?8 aoo mm r,rr T jUi i! F Jil 11 HH HI !!i! jpj|j II fjjjjj Hmw>i.. 0957 oiw cua vm J juryj_ 0015BjP jjjjjj604 words
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SHIPPING
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Article, Illustration684 2006-08-11 19 DONALD URQUHART - Port posts record throughput of 2.24 m TEUs in first half of '06 By DONALD URQUHART [SINGAPORE] Benefiting from the integration of Maersk Sealand and P&O Nedlloyd into the new Maersk Line, the neighbouring Port of Tanjung Pelepas (PTP) has posted record throughput ofFHI PHOTO - 684 words
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381 2006-08-11 19 Bloomberg [SEOUL] Hanjin Shipping Co, South Korea's secondbiggest shipping company by market value, said sec-ond-quarter profit fell 51 per cent on higher fuel costs and a stronger won. Net income .dropped to 33.7 billion won (5555.1 million) in the three monthsBloomberg - 381 words
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Article792 2006-08-11 19 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR A CANADIAN appeals court has upheld a decision that a group ~of marine insurers and not the insured vessel's owners had the burden of proving want of due diligence if they want to avoid paying a claim for tail shaft792 words
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Article590 2006-08-11 19 Freight rates on European routes set to increase Bloomberg [TOKYO] Nippon Yusen KK (NYK), Japan's largest shipping line, said earnings at its container unit will improve next fiscal year as freight rates on European routes increase. "Container operations will bottom out this business year," MakotoBloomberg - 590 words
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152 2006-08-11 19 Bloomberg (HONG KONG] Cosco Pacific Ltd, the world's fifth-largest port operator, formed a US$99-million venture to manage and build cargo berths in the southeastern Chinese city of Quanzhou to expand in China. The venture, 71.4 per cent-owned by Cosco Pacific, will operate four existingBloomberg - 152 words
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233 2006-08-11 19 DONALD URQUHART - By DONALD URQUHART (SINGAPORE] Locally based Pacific International Lines (PIL) has made an unprecedented move to expand overseas by acquiring a "significant interest" in New Zealand-based Pacific Direct Line (PDL). PDL is a container and break-bulk carrier which operates services between Australia and233 words
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Article281 2006-08-11 19 mmm mmmmimmmmmmmm Aug 10 SS Vol CH Offshore -036 001 104 Chuan Hup. 033 001 1075 Cocco Corporation. 1.46 -0.01 5830 CWT Distribution .0.62 0.01 111 EzraHkta .2 55 0.03 233 Freight Unks .0.06 unch 2271 Grand Banks Yacht .0.92 unch 0 Jaya Holdings... 135 -0J1 770 K1281 words
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Page 19 Advertisements
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Advertisement57 2006-08-11 19 I An established Malaysian I company requires a coastal vessel to I transport light fuel oil. Double hull Fuel tanker 3000-7000 dwt Lease for long term Age less than 10 years old I If you have such vessel available, please email your I I vessel details and lease term to:57 words
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EDITORIAL & OPINION
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Article530 2006-08-11 20 EDITORIAL IT seems almost too good to be true that the monetary tightening which has become entrenched in the world's leading economies should have caused so little pain thus far. It would be folly to assume, however, that negative consequences have been avoided simply by530 words
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Article, Illustration707 2006-08-11 20 G PANICKER - THE BOTTOM LINE G PANICKER FEAR is the key to current high oil prices. Fear about supply shortages resulting from the geopolitics of Nigeria. Iraq and Iran have catapulted prices upwards. But oil companies are also in the spotlight. Royal Dutch Shell shocked the707 words
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Article, Illustration1030 2006-08-11 20 TYLER COWEN - Govt's 'self-help group' lenders see private microfinance groups as unwelcome competition By TYLER COWEN NYT Microfinance is based on a simple idea: banks, finance companies and charities lend small sums often no more than a few hundred dollars to poor Third World entrepreneurs, whoNYT; BLOOMBERG - 1,030 words
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751 2006-08-11 21 MATTHEW SALTMARSH - By MATTHEW SALTMARSH IHT MOST people probably associate the sea and kites with the hip sports of parasailing and kite-surfing, or perhaps even the homemade dragon kites that flutter above houseboats in the Far East. The tankers and cargo ships thatIHT - 751 words
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Article, Illustration1130 2006-08-11 21 FRIEDRICH WU - Income disparities and rising urban unemployment are exerting mounting pressure on the country's social stability By FRIEDRICH WU WHILE regional economic disparities and urban-rural income inequalities did exist in China before the "open-door" era, both divides have widened substantially in the ensuingBLOOMBERG - 1,130 words
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Page 21 Advertisements
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Advertisement643 2006-08-11 21 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER Of SONY MUSIC INTERNATIONAL (ASIA) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. T*****331W At an ExltoaNf MMy General Meeting of the Company held at 24/F, Oxford House. Taikoo Ploce, Quarry Bay, Hang Koneort(l»4th day Of643 words
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Article10708 2006-08-11 22 SGX MAINBOARD Transaction date: Aug 10 52-Wk T«l Last Vol Day List Quota GrOtv Mv GrYH MM MCap H>» Lam Coda Conwy Sate (Hon) Htfi Low hiyw SdUr Cvr Wt So* 4 1 5716 1st Software 5c 2 -0.5 55 2.5 2 2 2.5 8.1 115 6 314810,708 words
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Article5938 2006-08-11 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES lalocalcvrr In S$ tn US$ dy %yr dy yr dy *yr Aug 9 Index Change Change Change Change Change Change The World Index Preliminary 994.0 0.8 2.5 0.8 0.4 0.9 6.2 EATE Preliminary 996.6 0.7 2.6 0.8 43 0.9 103 EwopePwhwMiy 1339J 085,938 words
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Page 24 Advertisements
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Advertisement1661 2006-08-11 24 UK COMTINEMT SERVICE U-S-A SERVICE Destination Destination EVGENIA RDM/ATW/BMN/TIB/NAN SEAFRIEND CAM/NFK/SAV/NOL HANJIN PENANG LAX/VCW/MZL loads Singapore, E./W. Malaysia, Indonesia loads E./W. Malaysia, Indonesia mipdle-e*»t service reaejl service Destination PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN GLOBAL MOKPO DBI/ABU/DOH/BRN/DMM/KWT PAN DYNAMIC JDH/AQA Loads Singapore, E./W. Malaysia, Indonesia1,661 words
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Advertisement504 2006-08-11 24 IMTOASIA KORO SMtVKJ VBsa/VQT Mwgq) hbgwipj m km m sm I jct STI/UTS VENTURE 14/04 IS 12 04/08 04/08 10/08 13/08 15/01 SIMITSVHTUttIVtt IS 12 17/ M 20/08 26/08 21/08 31/08 [STMnSYBITUtt 11/08 IS 12 01/19 lAiiwmiiAM rorq sarvlci I YBsa/vor iwmi)|wGHiw| io i sm m stb m mm IT504 words
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Advertisement2218 2006-08-11 25 WAN HAI MTHtNAHONAL PIE LID a NO: 14M*****00/I V\m\WAN HAI LINES aSMMSr.-. V liV iWlll llfll kllvkt# mibmsMMwuubmsMnmmibMauiniMtMimMt V JOM IB; (D 7) 2SIWU BUL (D7J2SHWI SUI EL |031)32tt47S MX: (031)*****14/*****05 WWW whli in *T IR:(B2I)S2S4IM FAX: (021) S2S47WHW IB: 7143W/7U301 WX: 71*171 .i—.>g NBL(OH)4IS7WMX:(O>I)4iaHS/4Mmr I b \mnm 73i mi2,218 words
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Advertisement21 2006-08-11 25 PLACE YOUR AD HERE The Business Times Shipping Times CALL MICHAEL CHNG AT 0862 9865 OR BERNARD CNG AT 9675 000221 words
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Advertisement835 2006-08-11 25 WEHOjr EXPRESS SAILING SCHEDULE ALSO ACCEPTIN6 TO ALL NORTHERN AND WESTERN ICQ POINTS vpsa vor aw pjbano cqummo n.snfva cqummo g MM* WAUG 10*116 13AUG I6AUG 20AUG mntm mum isau6 uau6 it*u6 t?au6 &M INDMAGANDHI 0106W 77AUG 73AUG 76 AUG 79AUG 07Sg miv6aiidhi TfluiG 30aOg oTsg OTSg~ 10 Sg HHAWTAMA835 words
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Page 26 Advertisements
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Advertisement684 2006-08-11 26 IS Nordana (Asia) Pie Lid WtimSM 70 SUHw Way, #21-03 Mori- H-n Sifyr* *****1 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTIIAUA AND ISLANDS DATES AtfrAMML PATES WHS YOY P«¥« Fffortfe SB I CWfafwldwd P«irG^— bjand hareg I ItW I 27Jul 3Ud 09Aua m* 20A«i ***** UM X 01684 words
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Advertisement602 2006-08-11 26 SM Ba— 8b %S--hlwh\ fww ii'm wyw RkbbiSa m im aya gag— BKBSSSf^n JMKEMBfIJfM 81] lt/M W/M M/U If* "j""* I SB H/ gig I ii/w I uwrnw I tie |K/H |»yw I H/HI um I «ssa yojr aw nmtuum ami/stm F li^ «ns gU if Ifflff fffa Wkr~ ffjUUffll602 words
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Advertisement401 2006-08-11 26 CONVENTIONAL SERVICE LOADING FOR LOADING FOR LOADING FOR COLOMBO-RORO COLOMBO MUMBAI 22 AUG 15 AUG 22 AUG LOADING FOR DUBAI/DAMMAM 28 AUGUST I < ma it7o I OWNS A OPERATES THE YOUNGEST FLEET WIIH FOURTEEN 7,000 DWT TWEEN DECKERS COVERING a I THE ENTIRE ASIA PACIFIC PORTS I a REGULAR401 words
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THE BUSINESS TIMES SHIPPING TIMES
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6843 2006-08-11 27 This ETA ETA Advarltaar VmhI Voyaga Telephone ETA ETA Advartiaar Venal Voyaga Telephone sin Dcsin Name Name Unbar Nanbar SW Daffn Nana Nana Unbar Maahr MHHWMHMnMMNMNBHHMNMMMHNMHMHMNNMMKMnWMM ■MMnHHHHMBMHHHMMMHHHMMMMHnHHMMNNMHHHHHnHHMB To GERALDTON (GER) 2682 Australia To ABIDJAN (ABJ) 2003 Cote DI voire 13/09 01/10 Nordana PRINCESS MARY6,843 words
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executive lifestyle
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570 2006-08-11 28 jaime ee - off the cuff jaime ee ON NATIONAL Day, invariably, two questions never fail to be asked. They are: 1) "How come it never rains during the parade?" and 2) "What does it mean to be a Singaporean?" There have been many discussions on the570 words
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Article, Illustration1710 2006-08-11 28 JUSTINE MOSS - The fairways are getting more exciting as companies hold bigger and more interesting events, reports JUSTINE MOSS JUSTINE MOSS BEING a loyal or preferred customer in Singapore certainly has its privileges, but when it comes to corporate golf days at least, it's not an absolute requirement. Financial1,710 words
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Page 28 Advertisements
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Advertisement14 2006-08-11 28 Wm\ THEATRE I Names changed JW to protect V V the innocent PG 3014 words
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HEALTH
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Article, Illustration1355 2006-08-11 29 TAN SU YEN - We use our limbs in just about every activity of daily living; that is why pain or iryury to our hands and feet are so debilitating. TAN SU YEN reports on the latest advances in hand and foot surgery TAN SU YEN i I URARTHUR LEE - 1,355 words
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Article, Illustration771 2006-08-11 29 AS foot conditions go, bunions are common and particularly troublesome for those who need to be appropriately shod for work or business. This hard, prominent bump that appears on the joint of the big toe can make walking difficult and painful, and lead to the misalignment ofARTHUR LEE - 771 words
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Page 29 Advertisements
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Advertisement91 2006-08-11 29 Pacific Healthcare for total physical mental and social well-being ifejiik. Fl Specialist Medical Dental Wellness r» Jfc k fe I H mimi«ca«i j||^wM aesthetics age management assisted reproduction cardiology colorectal surgery I general surgery hand, wrist microsurgery health screening neurology W NvjRBII|H nursing rehabilitative care obstetrics gynaecology ophthalmology (eye surgery)91 words
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Advertisement14 2006-08-11 29 11^^ PACIFIC HEALTHCARE HOLDINGS A fortnightly series brought to you by Pacific Healthcare Holdings14 words
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ARTS
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Article, Illustration601 2006-08-11 30 SANGEETHA MADHAVAN - As the inaugural Singapore Theatre Festival held by Wild Rice gets strongly under way, BT reviews a selection. The brainchild of Ivan Heng, the Festival showcases mostly new works by top Singapore writers. The Campaign to Confer the Public Service Star on JBJ is601 words
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Article, Illustration549 2006-08-11 30 PARVATHI NAYAR - By PARVATHI NAYAR ALFIAN Sa'at's Homesick, directed by Jonathan Lim, is bound to a specific time and experience in Singapore: 2003, and the Sars scare. We bring to it our memories of the time, including wearing or contemplating wearing masks, a detail549 words
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Article, Illustration452 2006-08-11 30 CHEAH UI-HOON - By CHEAH UI-HOON ANIMAL lovers have this saying: that people who are violent to animals rarely stop there. It's a profound statement but you don't have to be an animal lover to appreciate this opinion about human behaviour. Just as one452 words
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Article, Illustration430 2006-08-11 30 SANGEETHA MADHAVAN - By SANGEETHA MADHAVAN IT'S different in that it is not linear and text-based. By the Way, directed by Ang Gey Pin under the Theatre Practices Poor Theatre series betrays its leanings from its synopsis alone. With characters such as She in Rehearsal, The Actress with430 words
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Advertisement62 2006-08-11 30 OHermanMiller mirra limited ImM—: Latitude Back r>anr>aH< 1 W btanoara Hoignt Hangs Nanriairi TIM OuuiOtru I Hi Fixed Arms Adjustable Saat Front Adjustable Lumbar Support B8 Castors (carpet only) usual $1534.50 $1199^^^^*® vafld while stocks last A Wtm^ ncluatrMr lU.IUU. X-tra living HH 8 penang road 01-01 park mail AWi62 words
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Page 30 Miscellaneous
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Miscellaneous200 2006-08-11 30 CRYPTIC CROSSWORD 24 differ- ®£> IDnortcußino VESTERDAY S SOUmON enti (4-3 6) The directors support cutting Across: 1 A bit thick, 9 Install, krtchen equipment (8,5) stonj Maunder 2 DOWN 8 A canape cou dbe the ulti- Heart-sore, 14 Attorney, 15 Ani--1 Indian provincial governor mate solution (7) mal, 17200 words
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CINEMA/WINE
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Article, Illustration553 2006-08-11 31 PARVATHI NAYAR - Story of siblings Sophie and Hans Scholl will move viewers, writes PARVATHI NAYAR PARVATHI NAYAR Cinematic theatre would be an apt description of director Marc Rothemund and screenwriter Fred Breinersdorfer's Sophie Scholl: The Final Days. This well crafted piece of filmmaking is reminiscent of a play, because553 words
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Article, Illustration308 2006-08-11 31 PARVATHI NAYAR - DVD By PARVATHI NAYAR "LIFE shouldn't be a bunch of Thursdays strung together," Beau Burroughs (Kevin Costner) tells Sarah Huttinger (Jennifer Aniston), in Rumour Has It, in a bid to get her to lighten up and enjoy life. But that would be hard for308 words
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Article, Illustration421 2006-08-11 31 GEOFFREY EU - By GEOFFREY EU WITH its preachy tone and simplistic, moral-laden storyline, The Ant Bully might just as well have been titled Educating Lucas, so preoccupied is it with getting its message across to its young target audience that a lot of the fun is lost in translation.421 words
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Article753 2006-08-11 31 N K YONG - WINE By N K YONG THE fame of Chateau Pichon-Lon-gueville, Comtesse de Lalande, can be attributed without any doubt to one person, Madame May-Eliane de Lencquesaing. The history of Pichon Lalande or Pichon, as it is affectionately called, goes back a long way, more than753 words
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Article, Illustration494 2006-08-11 31 GEOFFREY EU - By GEOFFREY EU HELL hath no fury like a superwoman scorned. That, at least, is the story angle in My Super Ex-Girlfriend, which depicts the boy-meets-girl, boy-dumps-girl, boy-gets-butt-thrashed relationship between nice guy Matt Saunders (Luke Wilson) and librarian lookalike Jenny Johnson494 words
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Page 31 Advertisements
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Advertisement38 2006-08-11 31 ■hßt fa i r SALE UP TO 70% OFF 29th July till 13th August 2006 Daily From 10am Bpm Sunday From 10am 6pm Parkhouse Location 21 Orchard Boulevard #01-23 Parkhouse Singapore *****5 let: 6735 8858 Fax: 6737 622738 words
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INVINCIBLE SPIRIT
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Article, Illustration913 2006-08-11 32 Matthew Phan - Rolex Laureate Claudia Feh's project aims to re-establish a stable population of Przewalskis in Mongolia All reports by Matthew Phan FRENCH ecologist Claudia Feh reintroduced the world's last surviving breed of wild horses the Przewalski to their original habitat in Mongolia in September 2004.PHOTOS BY CLAUDIA FEH/ROLEX AWARDS - 913 words
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Article, Illustration585 2006-08-11 32 "WE need to transcend the Ghandian ideal of a perpetually poor, populous peasantry, a concept that successive Sri Lankan governments have espoused, in my view, mistakenly," says Rohan Pethiyagoda. These strong words on economic development may go beyond what a nature conservationist and biologist like585 words
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Article, Illustration668 2006-08-11 32 SHEKAR Dattatri, a wildlife film-maker who became an Associate Laureate of the Rolex Awards for Enterprise in 2004 for his work, quickly dismisses any notion that he aspires to ideals of "objective journalism". "I personally do not believe in making films that simply portray all668 words
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Page 32 Advertisements
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Advertisement118 2006-08-11 32 Hi %1 Iks Roux Awakjds jferENTßiumsß i ii This is the second instalment of a five-part series presented in collaboration with the Rolex Awards for Enterprise. Every two years, the Rolex Awards for Enterprise give recognition and funds to outstanding individuals working in science, technology, exploration, the environment and cultural118 words
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