The Business Times, 17 August 2006

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Total Pages: 36
1 36 The Business Times
  • 17 1 THE BUSINESS TIMES ■V th ANNIVERSARY Thursday, August 17,2006 SINGAPORE Sbcents online at http://business-times.asial.com.sg MICA (P) 099/03/2006
    17 words
  • 763 1  -  $3.8b payout is 28% of listed firms' total profits in past six or twelve months By TEH HOOI LING [SINGAPORE] The 447 companies which have released their interim or full year results ended June 30, have, in aggregate, declared dividends amounting to some $3.8
    763 words
  • 718 1  -  By LESLIE YEE (SINGAPORE] OCBC Bank has failed in its latest attempt to take subsidiary Great Eastern Holdings (GEH) private, which means that GEH keeps its listing status. When OCBC's takeover offer for the insurance company closed yesterday afternoon, the bank and
    718 words
  • 137 1 Dsn 2,453.43 (+12.81) ST INDEX FUTURES 2,448.00 (+15.00) SIMSCI 291.58 (+1.38) SIMSCI FUTURES 291.20 (+1.40) MARKETS Wednesday Change KLSE COMP 937.98 -5.96 NIKKEI 225 16,071.36 +255.17 HANG SENG 17,451.03 +176.96 SET INDEX 712.07 +4.39 JAKARTA COMP 1,437.77 +13.53 MANILA COMP 2,343.51 +14.09 SEOUL COMP 1,315.61 +20.50 SHENZHEN B
    137 words
  • Page 1 Advertisements

  • TOP STORIES
    • 628 2  -  S'pore already 2nd largest Asian direct investor in Brazil, Mexico after Japan By CHUANG PECK MING [SINGAPORE! Singapore companies appear to 4>e ahead of their Asian rivals, bar the Japanese, when it comes to venturing into what many tout as the
      AFP  -  628 words
    • 615 2 S'pore hotel room rates to grow strongly: ÜBS HOTEL room rates are likely to rise by 10 or 15 per cent a year for the next three years, says a wide-ranging ÜBS report on the Singapore property market. The Swiss bank report goes on to predict a further
      615 words
    • 667 2  -  ACCS COURT CASE 19 charges over bribing five people for their business By MICHELLE QUAH [SINGAPORE] Accord Customer Care Solutions (ACCS) founder and former CEO Victor Tan was back in court yesterday on new graft charges. Tan, 35, has been slapped with 19
      667 words
    • 32 2 THE report "Gokongwei donates 25% of JG to the poor" (BT, Aug 16) included a picture we wrongly identified as that of Mr John Gokongwei. We are sorry for the error.
      32 words
    • 556 3  -  Luxury residential prices expected to rise 15% this year By LESLIE YEE [SINGAPORE] Hotel room rates are likely to rise by 10 or 15 per cent a year for the next three years, says a wide ranging ÜBS report on the Singapore
      556 words
    • 911 3  -  Aussie developer pips hot favourite Far East by 1.1% By KALPANA RASHIWALA [SINGAPORE] Australia's Lend Lease group has offered the highest-ever unit land price for a site in Singapore, with a top bid of $617.2 million for a 99year
      911 words
  • Page 2 Advertisements
    • 168 2 MESSEMONCHEN m expo re§L BUILD YOUR REAL ESTATE BUSINESS IN ASIA. EXPO REAL ASIA International Property Conference Et Exposition Macau Tower Macau 5-6 December 2006 Trade conference and property exhibition for international real estate professionals operating in Asia and other overseas regions 828 event for international and local investors, banks,
      168 words
    • 11 2 people Your search ends here. Www thepeopleatwork com Asia-Pacific Executive Searcn
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  • Page 3 Advertisements
    • 121 3 THE HOURGLASS Contemporary Horological Art rtTipV* \«#V* vt j >/ »feAv > w V DEBETHUNE 1 iu BIG BAN(3 M rife' y N\ M i II I J R ,0 v I v J Jtf{( v HUBLOT GENEVE THE HOURGLASS SINK.APORL MALAYSIA THAILAND 1AkASIIIMAYA S I' 111 65 6734 2420
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  • Page 4 Advertisements
    • 4908 4 THAKRAL CORPORATION LTD (Company Registration No. *****6606E) (Incorporated in the Republic of Singapore) ANNOUNCEMENT MANDATORY CONDITIONAL CASH OFFERS FOR THAKRAL CORPORATION LTD The Board of Directors (the "Directors") of Thakral Corporation Ltd (TCL" or the "Company") wishes to inform shareholders of the Company ("Shareholders") that DBS Bank Ltd ("DBS"), for
      4,908 words

  • COMPANY NEWS
    • 505 5  -  Survey finds global fund managers partial to bonds amid volatile equities: Merrill By GENEVIEVE CUA GLOBAL asset allocators are starting to recommend bonds, as pessimism over global growth deepens among institutional investors and risk aversion remains high. This was one of the highlights
      505 words
    • 862 5  -  HOCK LOCK SIEW By DONALD URQUHART WHO would take on the job of steering Neptune Orient Lines (NOL) through what is likely to be anything but smooth sailing? There are serious challenges on all sides, with only the soft glow of the coming peak season
      BLOOMBERG FILE PHOTO  -  862 words
    • 278 6  -  $8m, 19,000 sq m facility will expand its logistics capability there Reports by ARTHUR SIM LOGISTICS company CWT Limited will build its first warehouse facility in China for $8 million. CWT already has 12 offices in China but the new 19,000 sq m facility is expected
      FILE PHOTO  -  278 words
    • 244 6 PROPERTY developer Soilbuild Group will diversify its portfolio further and buy an industrial site in Penjuru Lane for $2.2 million. Explaining the latest acquisition, Low Soon Sim, executive director of Soilbuild, said: "As a niche player in the industrial property segment, we
      244 words
    • 487 6 The S'pore Reit will offer 389.5 m shares at $1.68 each Bloomberg CAPITACOMMERCIAL Trust (CCT), Singapore's best-performing property trust, is pricing its new share offer at the highest targeted price. Capita Commercial is raising as much as $803.2 million block acquOTMn tentals
      Bloomberg  -  487 words
  • Page 5 Advertisements
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  • SINGAPORE MARKETS
    • 548 8  -  STOCKS That probably accounts for why ST Index jumps 28 points to an intraday high of 2,469 before closing at 2,453 R SIVANITHY Senior Correspondent AFTER all the hype about earnings, Goldilocks economies, soft landings, valuations and investing based on sound financial analysis, it
      Source: Bloomberg  -  548 words
    • 981 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Aug 16 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ BuyI Shares Per Bjrfore After Stock Date Director Sen '000 Shr S OOP) 000 > Vita Hldgs 16-Aug-06 Chong Thim Pheng Buy 138 na ***** 1 ?9 1 li CWT
      981 words
    • Article, Illustration
      985 8  -  Compiled by MATTHEW PHAN China Essence Aug 16 close: 60.5 cents PHILLIP SECURITIES RESEARCH, Aug 16 THE group has reported IQO7 results that were within our expectations. Net profit grew 4.6 per cent year-on-year to 21.6 million yuan (554.3 million), on revenue of 82.6 million yuan (up 32.4
      Source: Bloomberg  -  985 words
    • 530 8  -  CURRENCIES LARRY WEE Senior Correspondent UNEXPECTEDLY soft readings for US wholesale prices and a New York state manufacturing index on Tuesday night dictated Asian currency trading yesterday, after lifting Wall Street but sending the US dollar into retreat via lowered expectations for more
      Source: Reuters  -  530 words
    • 425 9 US$400-500m IPO planned to pay for oil storage facility here: source Reuters CHEMOIL Corp, the top marine fuel supplier in the Americas, will launch a Singapore IPO next month to raise US$4OO-500 million to pay for a planned oil storage facility
      Reuters  -  425 words
    • 413 9 Net profit jumps to $4.01 m in the first half from $1.20 m MANUFACTURING Integration Technology (MIT), which makes automated equipment for the semiconductor industry, said it will continue to keep its operating costs low while exploring new external growth drivers such as merger and
      413 words
    • 303 9 MBT PANTAI Holdings Bhd, which is 31 per cent held by Singapore's Parkway Holdings, has so far-rejected two offers to buy its subsidiaries Pantai Medivest Sdn Bhd (PMSB) and Fomema Sdn Bhd, the company disclosed yesterday. The offer for PMSB was from Konsortium
      MBT  -  303 words

  • Page 9 Advertisements
    • 33 9 i V.*(' *W: 'i% GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sphxom.sg. fw^ingapore y It all starts
      33 words
    • 338 9 fc? SMU SINGAPORE MANAGEMENT UNIVERSITY "There is a severe shortage of qualified accounting professionals. Accounting graduates are in hot demand not only within the accounting profession, but also in all sectors of the economy. An accounting qualification will be your first step in seizing these opportunities." FangAiLian Chairman, Ernst Young
      338 words

  • STOCK FOCUS
    • 1165 10  -  With chunks of Wisma Atria and Ngee Ann City in its portfolio, the trust tells LESLIE YEE it's looking at options in its target markets LESLIE YEE MA C Q U A R 1 E MEAG Prime Reit (MMP Reit) is a real estate investment trust
      1,165 words
  • Page 10 Advertisements
    • 85 10 I v, "»^~*£ZZ?££?™-«IP ptm4K**m *a»»* r«p«««v« m jllllf^j 'Company /SjBBBEBfk Enhance your corporate image with SPH news reports or features on your company. [mmvUb\J Wjc j e |y re g arc j ec j as the definitive source for incisive business analyses and accurate industry reviews, we could help strengthen
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    • 332 10 m J I ■H" I I I I I f 1 I M FIND OUT ALL YOU'LL EVER NEED TO KNOW BEFORE YOU BUY OR SELL A PROPERTY! SEMINAR TOPICS fIHPPHPHPiMfc Financial Planning in the Purchase of HDB Resale Flats Financial prudence in purchase of resale flats and how to
      332 words

  • SINGAPORE NEWS
    • 466 11 ENERGY SECTOR Bloomberg AFP [MOSCOW] Singapore will invite Russia to supply liquefied natural gas (LNG) to its terminal as the island state seeks to broaden its sources of energy, Minister of Trade and Industry Lim Hng Kiang told reporters here on Tuesday. "The
      Bloomberg; AFP  -  466 words
    • 520 11  -  Holding of fuel oil stocks ties up capital, says Senoko CEO By RONNIE LIM AS power stations here increasingly use natural gas the preferred fuel currently accounting for 70 per cent of electricity generation here the requirement for them to store 45
      520 words
    • SINGAPORE ROUNDUP
      • 39 11 NETS yesterday launched a stored value gift card aimed at young professionals. It can be personalised with a value of up to $500 and can be used at 1,250 retail outlets in Singapore.
        39 words
      • 38 11 MINISTER for Education and Second Minister for Finance Tharman Shanmugaratnam will be in Kuala Lumpur from Aug 17-18. He will meet his Malaysian counterparts and also visit the Institute for Medical Research there.
        38 words
    • 361 11  -  By SAMUEL EE THE manufacturing output of the transport engineering sector surged an estimated 34 per cent in the first half of this year, thanks mainly to growing demand in the marine and aerospace segments. The uptrend ii> oil-rig building and ship-repair, as well
      361 words
    • 274 11  -  By CHEN HUIFEN THE sale price of Singapore Power's (Sing Power) merchant energy business (MEB) in Australia has been adjusted, says CLP Holdings, the buyer of the assets. Hong Kong-listed CLP has revealed that it reached a settlement with Sing Power "in relation to
      274 words
    • 163 11 BANKS here are sparing no expense to keep their wealthy clients smiling. Citibank Singapore's chief executive Jonathan Larsen hosted a golf tournament yesterday for 140 of its high net worth customers. The prize for a hole-in-one, a Lexus ***** worth $140,000, went unclaimed this year
      163 words
  • Page 11 Advertisements
    • 816 11 IPCO INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 14th Annual General Meeting of the Company will be held at the registered office of the Company, IPCO Building, 24 Pandan Road, Singapore *****5 on 31 s» August 2006 at
      816 words

  • ECONOMY WATCH
    • 830 12  -  Institute expects US$230b current account surplus as oil prices soar By CLARENCE MICHAEL in Dubai THE Gulf Arab countries will register a nominal GDP growth of almost 19 per cent this year, lifting the combined GDP of the six economies to around US$725
      BLOOMBERG; FILE PHOTO  -  830 words
    • 303 12  -  By VIKRAM KHANNA ASIA needs an Asian Investment Bank that would provide countries with concessionary loans from private sector resources for medium and long-term projects, a senior United Nations official said yesterday. Jomo Kwame Sundaram, the UN's Assistant Sec-retary-General for
      303 words
    • 733 12 Reuters [TOKYO] Comparatively high interest rates have helped the euro to scale record highs against the yen, but analysts say the single currency's fortunes could be limited at least in the short term. The euro has been climbing steadily against the yen since
      Reuters; REUTERS  -  733 words
  • Page 12 Advertisements
    • 1764 12 EAGLE BRAND HOLDINGS LIMITED (Incorporated in Bermuda) (the "Company") NOTICE is hereby given that a Special General Meeting of the shareholders of the Company will be held at 5* floor, Foshan Shiwan Eagle Brand Ceramic Ltd, Shiwan Laichanggang, Foshan, Guangdong, The People's Republic of China on 11 September 2006 at
      1,764 words

  • MALAYSIA/INDONESIA
    • 648 13 Services industry expected to feature prominently along with high-tech Reuters [KUALA LUMPUR] Malaysia will map out the last leg of its "Vision 2020" journey toward rich-nation status tomorrow amid growing doubts that it will get there in time. The nation is
      Reuters; AP  -  648 words
    • 424 13 Bloomberg [KUALA LUMPUR] Kuwait Finance House, the Persian Gulf s largest Islamic investment bank, is urging state-run firms in Malaysia to sell real estate investment trusts (Reits) that comply with Muslim principles. "We've been going to government-linked companies here begging for plantation Reits,"
      Bloomberg  -  424 words
    • 479 13 Reuters [JAKARTA] Indonesia's President Susilo Bambang Yudhoyono yesterday pledged to use an anticipated pick-up in South-east Asia's biggest economy to tackle poverty, and also to stick with a fight against corruption and encourage foreign investment. In an annual address to Parliament ahead of Indonesia's independence
      Reuters  -  479 words
    • 249 13 AFP [KUALA LUMPUR] The Malaysian government has dropped a controversial plan to close down the country's oldest cinema after a public outcry, reports said yesterday. The Star daily said the Coliseum Cinema in the heart of the capital, one of the few heritage buildings in
      AFP  -  249 words
    • 256 13 Reuters [KUALA LUMPUR] Malaysia's Top Glove Corp, which claims to be the world's biggest maker of rubber gloves, yesterday said it faced a fine for infringing immigration laws, but attributed the mistake to its rapid growth. Executive director KM Lee said that Top Glove faced
      Reuters  -  256 words
    • 2286 13 »0l General Corp 0.58 0.01 128 *1<« H W- rm> Geoting 34 JO -0.50 227 George Kent .0.48 unch 38 A8M Realty 1.45 unch 0 GHL Systems .034 0.01 3909 Abnc.... 0.32 unch 4 GlobetronicsTech .0.30 unch 307 ACP Industries .032 0.01 257 GlomacBhd 1.12 0.01 40 Advance
      2,286 words

  • INDIA
    • 626 14  -  Rebound attributed mainly to strong earnings for April-June quarter By SIDDHARTH SRIVASTAVA in New Delhi INDIA'S main stock market index has notched up 257 points so far this week to settle at a three-month high of 11,448 on sustained inflows of foreign
      Source: Bloomberg  -  626 words
    • BRIEFLY ASIA
      • 109 14 Bloomberg [BEIJING] Dell Inc. the world's largest personal computer-maker, may face a second lawsuit by Chinese consumers after the company cancelled orders for some servers, hampering efforts to gain share in the second-biggest PC market. Zhang Ting, a customer who ordered and paid for
        Bloomberg  -  109 words
      • 74 14 AFP [TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract microchip maker, said yesterday it expected its sales in 2006 to grow by up to 20 per cent from last year. In the first seven months of the year, the company
        AFP  -  74 words
      • 44 14 AP [SHANGHAI] German automaker BMW AG and Shanghai's SAIC Motor Corp are discussing the possible sale of the Rover brand name to the Chinese car-maker but have yet to strike a deal, both companies said. —AP
        AP  -  44 words
      • 67 14 Bloomberg [TAIPEI] Goldman Sachs Group Inc and Kohlberg Kravis Roberts Co are among six leading bidders for Taiwan's China Network Systems Co, in a sale valued at US$l.3 billion-US$l.5 billion, people familiar with the deal said. Macquarie Group of Cos and buyout firms CVC
        Bloomberg  -  67 words
      • 50 14 AFP [NEW DELHI] India's online population is growing at the fastest rate in the world, a survey by US Internet firm com Score Networks said. Web users grew by 7.8 per cent to 18.02 million from 16.71 million in the three months to June.—AFP
        AFP  -  50 words
  • 5986 14 UNIT TRUSTS FUNDS AB Amef Income A EUR 6 681 AB Amef Income B EUR 6.68/ 1M1 A8 Europ Income Oop AT SGO 14.98/ ABN Amro Asset Mft (S pore I A8 Europ Income Opp BT SGO 14 98/ cS I" 01 A® Eur °P Income Opp AT EUR 7.44/
    5,986 words
  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 1272 15 Cao/taCommwcial Trust (ConaltuM in «w ItopwHe of Dnffipor* purMrt to «uH dwd datod f Ntowiry 2004 wm*m MftAAQtd fty CAHTA6OMMMCUL WUfT MANAMMNT UMTTBO CjgfrUaL J p 'ii mm**-- ■H mm •■tesg ATM Offering Opens 17 August 2006, 12.00 p.m. on a Mrst-come, first-served" basis, atss'|§B per New Unit. I r>
      1,272 words

  • GREATER CHINA
    • 585 16  -  Stricter rules as more brokerages caught pilfering clients' assets By JANE MOIR in Hong Kong HONG Kong's ability to police its crowded brokerage industry has come under the spotlight as the collapse of three securities firms in as many months has left nearly 1,500
      585 words
    • 47 16 AP [SHANGHAI] Protective goggles, to prevent eye damage, are required in tanning salons which bathe customers in altrdviolet lightfor that desired bronzed look. As China's young generation enjoy growing income, many, including men are pampering themselves with beauty products and services. —AP flu
      AP  -  47 words
    • 378 16 Western firms are looking for talent fluent in the language Bloomberg [HONG KONG] In the three years since receiving his engineering degree in Shanghai, Jason Zhang has switched jobs twice and quintupled his salary as overseas companies scour China for professional workers.
      Bloomberg  -  378 words
    • 335 16 Company reports HK$644m earnings on India growth Reuters [HONG KONG] Hutchison Telecommunications International Ltd, the emerging markets phone arm of tycoon Li Ka-shing's Hutchison Whampoa Ltd, turned a first half profit as its fastgrowing India unit offset start-up costs at its new operations in
      Reuters  -  335 words
    • 219 16 AP [SHANGHAI] Communist Party leaders here met and pledged to combat corruption amid reports that several senior company officials are under investigation in a pension fund scandal, state media reported yesterday. The allegations against the chairman and two directors of major industrial equipment maker
      AP  -  219 words
    • 253 16 AP [BEIJING] An order by President Hu Jintao prompted China's statesanction6d labour group to launch a campaign that led to the creation of WalMart's first Chinese union, according to a newspaper report. Such personal involvement by Mr Hu in dealing with
      AP  -  253 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
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  • SINGAPORE INTERNATIONAL
    • 695 18  -  There're other promising areas, such as Latin America tipped to be next growth frontier By CHUANG PECK MING IT ISN'T wise to put all your eggs in one basket is one of those old sayings many agree on but few put into practice.
      695 words
    • 1337 18  -  KPMG's LUIS WALTER offers his take on doing business in ABC group countries LUIS WALTER How does Latin America fare against growth markets like India and China? In terms of foreign direct investment (FDI), Latin America went through a period at the beginning of this decade when
      1,337 words
  • Page 18 Advertisements
    • 325 18 ENTERPRISE THE BUSINESS TIMES SINGAPORE Singapore Singapore Intarnationalfe a weekly, marfcat-focusadsarias brought to you by E Singapore and Tht iutin— Tlwm.lt Singapore ban agancy under the Mnfatry of Trada and InduMry hoping Singapore entarpriias export and Internationale. The LatirtAsia Biz Forum, Asia's premier forum on Latin America, brings together successful
      325 words

  • ASIA-PACIFIC/WORLD
    • 409 19  -  Stanchart says this could make up for slack in exports as US economy slows By ANNA TEO [SINGAPORE] Consumers in Asia need to spend and borrow more to help make up for projected slack in exports in coming quarters as the US economy
      409 words
    • WORLDWATCH
      • 59 19 Reuters [KANSAS CITY, Missouri] Monsanto Co, the world's leading developer of biotech crops, said on Tuesday that it would buy Delta and Pine Land Co, the top US seller of cotton seeds, for US$ 1.5 billion in a deal that would give Monsanto a
        Reuters  -  59 words
      • 90 19 Bloomberg [NEW YORK] US authorities said former Comverse Technology chief executive Jacob "Kobi" Alexander is a fugitive and asked the public's help in finding him so he can be prosecuted for stock-option fraud. The Federal Bureau of Investigation and the US Marshal's Service
        Bloomberg  -  90 words
      • 79 19 Reuters [MIAMI] Global warming is affecting the intensity of Atlantic hurricanes, according to a new study by James Eisner of Florida State University. He found that average air temperatures during hurricane season between June and November were useful in predicting sea surface temperatures, but not the
        Reuters  -  79 words
      • 83 19 AP [ANCHORAGE, Alaska] A congressional committee has scheduled a Sept 7 hearing to examine the management of the nation's largest oil field by British operator BP pic. The House Energy and Commerce Committee will look at BP's corrosion control practices for its
        AP  -  83 words
    • 464 19 Reuters [SEOUL] In what would be South Korea's biggest takeover, Shinhan Financial Group was selected as the leading bidder to buy LG Card, the main creditor of South Korea's top card issuer said on Wednesday. The size and value of rival bids
      Reuters  -  464 words
    • 692 19  -  By OUR CORRESPONDENT in Bangkok SENIOR members of Thailand's ruling party are lining up to quit politics, at a time when the Thai Rak Party itself is facing possible dissolution by the Constitutional Court on charges of election tampering. Thailand's
      BLOOMBERG  -  692 words
    • 340 19 Reuters [NEW YORK] Adding female board members or more board committees does not limit growth in chief executive compensation, as some corporate governance advocates have hoped, a new study shows. In fact, the study by professors Charles O'Reilly of the Stanford
      Reuters  -  340 words
    • 502 19 Industrial output up less than forecast, housing starts slow Reuters, Bloomberg [WASHINGTON] US core consumer prices rose at a slightly slower rate in July and the pace of construction starts on new homes was the slowest in more than three years,
      Reuters,; Bloomberg  -  502 words
    • 795 19  -  ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent I HAVE been hearing quite a lot lately of Fallen Angels and Rising Stars, by which I do not mean I have been revisiting the magnificent works of Dante or Blake, or that I have become a late
      795 words

  • AVIATION
    • 577 20  -  It also wants to be allowed to make a two-stage route to London, via S'pore By VEN SREENIVASAN [SINGAPORE] Qantas' discount carrier Jetstar International has applied to operate flights between Australia and Singapore in a move that, if successful, might drive fares
      FILE PHOTO  -  577 words
    • 538 20 AP. Bloomberg [LONDON] As the immediate security threat at British airports wanes, airlines are beginning to count the mul-ti-million pound cost of the terrorist alert and consider who should pay. British Airways pic on Tuesday led a growing campaign against the
      AP.; Bloomberg  -  538 words
    • 231 20 Reuters [SYDNEY] British airports operator BAA pic must ensure it has adequate contingency plans to deal with emergency security checks to avoid a repeat of the chaos at Heathrow airport, the International Air Transport Association said. lata said that BAA should
      Reuters  -  231 words
    • 468 20 Reuters [BANGKOK] Airports of Thailand PCL (AOT), Thailand's main airport operator, said yesterday that its third-quarter net profit jumped 171 per cent, topping analyst forecasts, due to rising traffic. AOT said in a statement it made a net profit of 2.1 billion
      Reuters  -  468 words
    • 2062 20 CITY RIGHT ITA HJCHT ITD j TH7W iili Davao Mire 1?19 Mire 990? I S04K 1300 Delhi ***** 0630 ***** 0910 LH9771 1750 LH9770 2M5 <g« g» Z» £Big. gisiS »!2 SS rlS L 5i55 TUs GAMO 1640 GA841 1755 530 ***** 2345 Of137 1805 SQ148
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  • Page 20 Miscellaneous
    • 194 20 CRYPTIC CROSSWORD 32 Retired salesman needs op^portunity, maybe (9) 15 Protective cover against unso- YESTERDAY'S SOLUTION rawAiKi licited post? (5,4) Across: 1 Intolerance, 7 Pronoun, UUWN 17 Number rejected by Anglicans 8 Doqgies, 10 Opine, 11 Electrode, 1 Rule out bread-making (5) in the past (4) 12 Regimen, 14 Siamese,
      194 words

  • SHIPPING
    • 594 21 Spill pollutes major marine reserve, threatens tourism, fishermen's jobs AFP [MANILA] The Philippines yesterday appealed for urgent help to combat the country's worst-ever oil spill, which has polluted a major marine reserve and threatened the livelihoods of thousands of
      AFP; REUTERS  -  594 words
    • 535 21 Bloomberg [NEW YORK] Carnival Corp and Royal Caribbean Cruises Ltd, the world's two biggest cruise operators, had their full-year earnings estimates reduced by Credit Suisse because weaker demand for Caribbean voyages is forcing them to cut prices for trips in the first half
      Bloomberg  -  535 words
    • 294 21 AP [JUNAGARH, India] A cruise liner arrived at India's western ship breaking yard on Monday, amid concerns by environmental activists that it could have toxic materials on board, including asbestos, which could pollute India's waters and sicken workers. The luxury liner
      AP  -  294 words
    • 329 21 Reuters [DUBAI] A US$24B million initial public offering of United Arab Emirates shipping firm Gulf Navigation Co was 3.5 times oversubscribed, the lead manager said on Tuesday. That was well below the figure of 30 times oversubscribed indicated by a source on Aug 7,
      Reuters  -  329 words
    • 277 21 SGX '000 Aug 16 S$ *1- Vol CH Offshore .0.35 unch 78 Chuan Hup... 0.33 0.01 563 Cosco Corporation 1.53 0.02 ***** CWT Distribution 0.62 unch 411 Ezra Hldgs 2.79 0.10 927 Freight Unks 0.06 unch 937 Grand Banks Yacht 0.87 0.03 8 Java Holdings 1.34 unch 587
      277 words
    • 561 21 Nearby HK port handles 6.9% more boxes last month Bloomberg [HONG KONG] Hutchison Whampoa Ltd, China Merchants Holdings (International) Co and other operators at southern China's Shenzhen port handled a record number of containers in July, boosted by the nation's
      Bloomberg; FILE PHOTO  -  561 words
    • PORT SHOTS
      • 35 21 Bloomberg [CANBERRA] Australia's government will sell ASC Ltd, a state-owned builder of ships and submarines, in a trade sale by 2008. Adelaide-based ASC, was formerly called Australian Submarine Corp.
        Bloomberg  -  35 words
      • 61 21 Reuters [FRANKFURT] French insurer AXA has increased its holding in German tourism and shipping firm TUI to 5.07 percent, TUI said in a financial notice in the Boersen-Zeitung newspaper yesterday. TUI said it was notified that the French firm had increased its
        Reuters  -  61 words
      • 45 21 Reuters [SEOUL] Hyundai Heavy Industries Co has won a US$llO million order from China to make ship engines, it said yesterday. The engines are for a Shanghai-based shipyard. It will deliver them between April 2007 and July 2009. Reuters
        Reuters  -  45 words

  • EDITORIAL & OPINION
    • 519 22 EDITORIAL THE best possible outcome of the cola controversy in India is that it may force New Delhi to pay attention to poor water quality and to food contamination..At its worst, it could tarnish India's image as an attractive place for foreign investment. A quarter
      519 words
    • 771 22  -  THE BOTTOM LINE JOHN GEE THE cheerleaders for Israel's latest campaign in Lebanon cut a stick for their own backs when they argued that anything less than a clear-cut Israeli win would allow Hezbollah to claim victory. This, they said, would encourage
      771 words
    • 956 22  -  With airports and planes targeted by terrorists, air travel won't return to normal soon MATTHEW LYNN Bloomberg ff 0, HOW was jg Right now, those are five words you don't want to utter in any office. Expect, in response, an hour
      Bloomberg; PHOTOS: REUTERS, AFP  -  956 words
    • 1282 23  -  One year on: Has the comprehensive economic cooperation agreement delivered ail that it has promised? By HERNAIKH SINGH, LEENA PINSLER THE comprehensive economic cooperation agreement or CECA between India and Singapore celebrated its first anniversary on Aug 1 this year. Signed after 13 rounds of negotiations
      1,282 words
    • 166 23  -  Leong Sze Hian Singapore I RfiFER to media reports that A*Star will offer 1,000 scholarships over the next 10 years, and that 19-year-old foreigners will be offered scholarships on the condition they choose to become Singapore citizens. We Singaporeans pay taxes and serve
      166 words
    • 811 23  -  By KARINA ROBINSON IHT WHAT would you do as a banker if a client sent you two tickets to a soccer match with a note attached thanking you for your business during the year? If they were for an ordinary soccer match, you could
      IHT  -  811 words
    • 188 23  -  Denis Distant Singapore BANKS recently disallowed the use of ATM cards to make payments Via Nets if the related account had a credit facility the card-holder has to go and get cash at an ATM and pay in cash. I queried this retrogressive move
      188 words
    • 328 23  -  LETTERS TO THE EDITOR Jonathan Gressel Agricultural Counsellor Embassy of the United States Singapore I WOULD like to take this opportunity to respond to the article concerning US beef by Harish Mehta (BT, Aug 8). Mr Mehta's comments demonstrate a significant misunderstanding of the
      328 words

  • Page 23 Advertisements
    • 103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • 10496 24 SGX MAINBOARD Transaction date: Aug 16 52-Wk Id Last Vol Day Last Quote GrOiv Drv GrYld Net MCap High Low Code Company Sale COOP) High Low Buyer Seller Cot Wt fcntl 4 1 5716 1st Software 2 2 2-5 I I 11.5 6 3148 STetecom 7 unch 127
    10,496 words
  • Page 24 Advertisements
    • 34 24 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in markets Access to Asian, US, Euro stocks Select Exchange Uraded Funds and indices Competitive Commission charges
      34 words

  • 6115 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In loot airr to St In USS <tf %yr %dy yr dy %yr _i2L IS ItxtoM Oungt Owngt Clwnq* Ctony Charvq* Oungt World tndei Preimnary 997.6 08 2.9 0.8 0.8 1.0 6 J t EAFE Preliminary ***** 0.6 3.7 0.8 5.0 09 10
    6,115 words

  • Page 26 Advertisements
    • 1866 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination EVGENIA RDM/ATW/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL Loads Singapore, E./W. Malaysia, Indonesia E/w Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Destination GLOBAL MOKPO DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN DYNAMIC JDH/AQA t Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER
      1,866 words
    • 533 26 vtf/v WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com 'vessel VOT UIV HBGHT SM UC MAO ~~SAV lAI 0» TtMfiiMC Af625 3201 MS 6.4* 27/08 20/09 29/09 03/10 07/10 05/10 TAUIOT AH27 4001 MS U* H/09 10/10 19/10 23/10 20/10 24/10 TALISMAN AF62B 3201 MS 4.4 M __27/09_ 20/10 29/10 02/11 04/11 M/»
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  • Page 27 Advertisements
    • 1447 27 WAN HAJ INTERNATIONAL PIE LTD a NO: 1M*****000/R TEL: *****588 (14 UNES) FAX:*****163 \\MN WAN MAI lINFs Cu,,omef <***/*»**DMi*-um*****200 11 l f f Mil rIMI UIILJ PiaiH: (03) 334A8888FAX: (03) *****2881*111 104) *****00 FAIL (04)*****99 JOH IB: (07) *****23 FAX: (07J251W21 SIR 1H: (031) *****75 FAX; (031) *****14/ *****05 U,
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    • 1163 27 VESSEL VOY I PKI I SIN KARACHI PXB BAB NHS PMM »IK KHOR IRAN BAABAEI PCI 8151 21/08 30/08 02/09 03/09 09/09 11/09 13/09 IRAN TABATABAEI PCI 8153 23/08 22/08 31/08 03/09 04/09 09/09 11/09 13/09 IRAN KORDESTAN PCL 8155 31/08 01/09 10/09 13/09 14/08 20/09 22/09 24/09 VESSEL VOY
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    • 830 27 si WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VtSStl VOT SIN PJCLANG COLOMBO N. SHIVA COLOXBO msam mm. mil qmF toaug 23 aug zlau£— IMDIIA GANDHI OIQtW 22 AUG OMIT 26 AUG 29 HUG 02 SEP lAJIV GANDHI 0106W 29 AUG OMIT 02 SEP
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 5549 28 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyagt Telephone I M Mi Nam Nmm Nnber Mater SIN Dest'n Name Name Number Number 01/10 09/10 PTDjakarta ANl ESPRIT 030S *****202 To ABIDJAN (ABJ) 2003 Cote D'lvoire 2MB 25/09 ChnaShpg MERIAN 030A
      5,549 words

  • BizIT
    • 758 29  -  Frost's study projects slower pace from 2007-12, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY CUSTOMER service, technical support and telemarketing were the three major services which helped propel the Singapore Contact Centre outsourcing industry to a 18.4 per cent growth to US$4O.7 million
      Source: Frost & Sullivan  -  758 words
    • 437 29  -  By ROLAND LIM MOBILE transactions are set to become increasingly übiquitous, and Asia will be at the forefront of this trend, according to Gino Picasso, chief executive of USbased mobile platform solutions provider Mobile 365 Inc. "Up to now, most of our business
      437 words
  • Page 29 Advertisements
    • 37 29 LIFE AT THE TOP BSA's Jeffrey Hardee talks about his love affair with the motorcycle PG 30 V fißfi I lW Our partners: Sing Tel Star Hub (J 1 tflf Singapore Press Holdings 1 lifa. liv# it.
      37 words

  • BizIT FOCUS: LIFE AT THE TOP
    • 1559 30  -  BSA's Jeffrey Hardee got his first motorcycle at 15 and it has been a love affair ever since, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY FOR Jeffrey Hardee balance is an important part of life. As the Business Software Alliance's (BSA) vice-president and regional director for Asia, Mr
      YEN MENG JIIN  -  1,559 words
    • 387 30 Amit: How has IT changed your life in the past five years, both at work and outside work? Jeffrey: IT has transformed the way I work, provided easy access to a multitude of information, simplified record-keeping and opened new avenues of entertainment for
      387 words
  • Page 30 Advertisements
    • 210 30 cP THE POSSIBILITIES ARE INFINITE FUjITSU Fujitsu recommends Windows® XP Professional. j r e S 8 a I C h o i c e. DESKPOWER TX LSPRIMO Stylistic LifeBook LifeBook S7111 LifeBook S7111 is powered by Intel® Centrino® Duo Mobile Technology. HHHHBHv Dual-core. LIFEBOOK STYLISTIC DESKPOWER ESPRIMO Do more. Fujitsu
      210 words
    • 53 30 I Fujfrsu I Fujitsu PC Asia Pacific I pledges "Built-in I Confidence" for every I product under its brand I name to reassure users of product and service W From high J performance components Wm to stringent quality control mm and professional after-sales H service, Fujitsu stands for H reliability
      53 words

  • Page 31 Advertisements
    • 61 31 A Canon I Delighting You Always .V f v Crossword 2. Across 2. Who makes document management simple? 3. Who provides you with easy to use solutions in a box? Down 1. Who is always there to help? 4. Who makes your work easy? i TVe oFrVX* UJOpt CK OUt
      61 words

  • PROPERTY
    • 289 32 July prices in 70 cities rose 5.7% y-o-y, compared with b5.8% in June Bloomberg [SHANGHAI] China's urban real estate prices rose at a slower pace in July after the government tightened lending and land restrictions to cool the market, according to a survey by the
      Bloomberg; AFP  -  289 words
    • 296 32 Thailand's Land Houses expects better sales in H2 Reuters [BANGKOK] Land Houses (LH), Thailand's biggest housing firm, said yesterday that it expected home sales in the second half of this year to exceed the 8 billion. baht (Ss33B million) of the first six months due to new projects. But company
      Reuters  -  296 words
    • 423 33 It is likely to price the 10-year bonds at the end of the week, says source Bloomberg [HONG KONG] Kerry Properties Ltd, the Hong Kongbased builder owned by Malaysian tycoon Robert Kuok, hired Goldman Sachs Group Inc to arrange the sale of as much
      Bloomberg  -  423 words
    • 711 34 Housing gains boost earnings to A$177.6m from A$106.4m in 2005 Bloomberg LEND Lease Corp, Australia's largest property developer, posted a 67 per cent gain in second-half earnings as a result of the recovery in its construction unit and profit from retail and home-building.
      Bloomberg  -  711 words
    • 464 35  -  UBS' newly appointed exec cites CapitaLand as a good example By LESLIE YEE PROPERTY companies that can successfully create a fund management platform will be more highly rated than those that do not have one, says Alastair Gillespie, who has been appointed the
      464 words
    • 1564 35 PROJECT NAME/ PROP CONTRACT TENURE BUitNN/lAND PRICE PSf STREET NAME TYPE DATE AREA*(SQ FT) ($$'000) (S$) District 1 NON LANDED The Sal At Mar ma Bay Apt 21/07/2006 99 592 650 1098 District 3 NON LANDED CtJ (keen Cdo Apt
      1,564 words
    • 634 36  -  Kajima also eyeing more residential, office and retail projects in S'pore By KALPANA RASHIWALA KAJIMA Overseas Asia, which has about $1 billion property investments in Singapore through stakes in the Millenia Singapore development and The Regent Singapore hotel, has clinched its
      634 words
    • 232 35  -  By ARTHUR SIM UNITED Industrial Corporation (UIC) has bought a collective en bloc sale site in Upper Bukit Timah for $82.25 million, continuing its efforts to step up its residential developments. The site, called HJ Heights, overlooks Bukit Batok Nature
      232 words
  • Page 32 Advertisements
    • 220 32 mm M ■H ■■■PHHAik. JLIHEHH x O^fßH- fj" I > I|J| 1 11 1 1 I'M 'ill 1 I W***, A Ml A V*K" "A'jgir; --iS® i g ra V gte,* -t j. < J r* I i M* j "l I O/f/ Ch Ne Tem tations Dotoran Pahlowan, the
      220 words
    • 35 32 I I I brings products I I from Haier I I n S'pore market I "T*XJ »H4it»iiMiiW«i I |f»i*T!f»i|pT»wi*^^^B ?&,> > HP jS w f r W. M Kt flMflfe j|M jv CAl^^^n fciiSs2^i„ s j s
      35 words

  • Page 33 Advertisements
    • 378 33 SUPER LUXURIOUS DEVELOPMENT SITE FOR SALE BY TENDER I Prestigious location and address Raffles Girls' I! Sec Sch Ardmore Park l-A Quiet locality, ideal for super ]g I ***/£yK. y|\ luxury condominium 11 Ardmore vk/ development \a>// Site area approximately AQ 994 SO ft Vg\ y—/ Club /Goodwood 11 \w\
      378 words

  • Page 34 Advertisements
    • 211 34 mi I I «H I WnK\WI*B^M n 1 111 I f II €#>'- 1I1§ J -it.-. i I n |S^^^^^^^HH|l|||A|| nyn^■■Bflfll >I^■ v r ifi^ -,>r: HHMHHHBHHBHBRHBHHHHBHHHHHBHMHBHj With a site area of over 22,000 sq metres, the Marina Collection is the only condo parcel located in the heart of the
      211 words
    • 176 34 savills Rare Investment Opportunity MacPherson vicinity Freehold 9-storey Industrial Building 100% tenanted Land 37,000 sqft GFA 90,000 sqft For more information, please contact: Dominic Peters *****101/*****638 Edmund Lee *****965 *****631 ElfSeah *****126/*****330 Jones Lang W LaSallf Derbyshire Mansions r Site Area: 36,098 sq ft (approx) HOUK. IS KXmAMUftM GPR: 2.8,
      176 words

  • Page 35 Advertisements
    • 178 35 LE CHATEAU 67 Cavenagh Road Freehold site off Orchard Road Land: 43,150 sq ft approx |M|S Residential, Plot Ratio 2.1 i «JP Provisional Permission granted Possible to amalgamate State land FOR SALE BYTENDER Closing: 29 August 2006, Tuesday at 3pm Peggy Tan 6531 8540 Tay Liam Hiap 6531 8616 SammiLim
      178 words

  • Page 36 Advertisements
    • 437 36 \~T Prestigious District 10 Good Class Bungalow Area; A\ Freehold Sprawling 70,995 sq.ft.; o 3 subdivisable up to 4 plots For nd v dua, or collective lii fcj j purchases 115,000 sq.ft. 20,000 sq.ft. 35,000 sq.ft. 150,000 sq.ft. 1170,995 sq.ft. Above areas serve as a guide and is subject to
      437 words
    • 21 36 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sphxom.sg.
      21 words