The Business Times, 23 August 2006

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Total Pages: 31
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES ANNIVERSARY 3) Wednesday, August 23,2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006
    17 words
  • 818 1  -  Increasingly, food traffic is boosting shopper traffic at many retail malls By UMA SHANKARI [SINGAPORE] Mall operators are cashing in on Singaporeans' love of food by devoting more space to outlets that will attract and keep shoppers by tempting their taste buds.
    ARTHUR LEE  -  818 words
  • 423 1 Date speeded up to avoid losing race for foreign capital to China, India Reuters (KUALA LUMPUR] South-east Asian trade ministers endorsed a plan yesterday to speed up the timetable for economic union by five years to 2015. The ministers from the 10-mem-ber
    Reuters  -  423 words
  • Page 1 Advertisements
    • 49 1 MOTORSHOW ■^^R^HE^pHBL There is little which can be more lovingly m mac e b Y an(^- ere wi onty be k ten exam P' es °f this work of art Read about this watchmaker and many other champions of time in BT's grand annual g» watch splash this Friday.
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    • 18 1 INK AWARDS The winning advertisements PAGE 10 IHIIIIIIIII 8 *****1 11 *****4 1 Markets Digest on Pg 4
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    • 118 1 gg TRAVEL More S'poreans visiting UK HBtiß® PAGE 2 EXEC MONEY Beware promises of high yields PAGE 32 1 Invenit et Fecit invented and made The motto of a contemporary watchmaker building his own history. 1 JjE harmony with (he traditions of 18th century marine chronometry. 6mm W*tcfratong Grand Prt*
      118 words

  • TOP STORIES
    • 477 2  -  By WEE LI-EN [SINGAPOREI Despite the recent bomb scare in London, more Singaporeans are travelling to the UK than at the same time last year. Major travel agencies that put on roadshows at the weekend said demand for trips to the UK increased
      477 words
    • 933 2  -  Travel agencies tap niche market offer tour packages with healthcare services By CHEN HUIFEN [SINGAPORE] The growth in medical tourism seems to be paving a new road for tour operators here, as several inbound travel agents are starting to diversify into the niche business
      933 words
    • 64 2 IN "Asti's target: from $84m to over $lb" (BT, Aug 22), we said that Flextech made a loss of $813,000 for minority shareholders in 2005 and has been profitable for only two out of the past eight years. Flextech has, in fact, been profitable for six out of the
      64 words
    • 556 2 Conner to stay as OCBC chief for 3 more years: sources DAVID Conner, who has been with OCBC Bank for four years, will stay on as chief executive for three more years, according to sources close to the bank. OCBC's board and the controlling Lee family, led by
      556 words
    • 489 4  -  Former Citibanker credited with bank's strong growth in recent years By CONRAD RAJ [SINGAPORE] David Conner, who has been with OCBC Bank for four years, will stay on as chief executive for three more years, according to sources close
      489 words
    • 344 4  -  He wears two hats in the case: Pro Bono editorial By CONRAD RAJ (SINGAPORE] The Association of Criminal Lawyers has raised the issue of whether Law Society president Philip Jeyaretnam's acting for a party in thecase of fugitive lawyer David Rasif and the
      FILE PHOTO  -  344 words
    • 132 4 sn 2,480.99 (+13.69) ST INDEX FUTURES (+13.00) siMsa 294*2 (+1.46) SIMSa FUTURES 294.00 (+130) MARKETS Tuesday Change IPSE COMP 945.02 +2.41 NIKKEI 225 16.181.17 +212.13 HAMGSEN6 17.149.75 +141J7 SET INDEX ***** 4037 JAKARTA COMP 1.435.03 -2.74 MANILA COMP 2,318.14 11.76 SEOUL COMP 1334.96 +13.29 SHENZHEN B 2W.59 +0.61
      132 words
  • Page 2 Advertisements
    • 533 2 I THE MONETARY AUTHORITY OF TENOR APPROXIMATELY 15 YEARS I TOTAL AMOUNT OFFERED SGD 800,000,000 I MINIMUM DENOMINATION SGD 1,000 I MAS' INTENDED TENDER AMOUNT NIL i I (NON-COMPETITIVE) I ISSUE CODE. NYOSIOON (REOPENED) I "ISIN CODE 5G********** I I ISSUE DATE/SETTLEMENT DATE 1 SEPTEMBER 2006 I MATURITY DATE* 1
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  • Page 4 Advertisements
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    • 25 4 Sk BIRD'S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. WAT3W NOTICES
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  • COMPANY NEWS
  • Page 6 Advertisements
    • 59 6 Diners Club Card c jz64i6 0980 BHB| A World of Exclusive Privileges Treats Diners Club wtoux.Jirters.com.sg International' fUK fIIWM STEAKHOUSE 4 < %*i V I t li t UTi I j|i Cafe Mexicana 41 Cuppage Road, Tel: 6735 4955 One FREE plate of guacamole with every 2 main courses purchased
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  • Page 7 Advertisements
    • 28 7 GSSSD Over 500 Locations II Ask us about Corporate, Individual or Group Instruction. I I Calßerftz t0day6733"7472 or vWt www.berlttz.com.sg I j 501 Orchard Road W&<m4Wheekxk Place Sing^jon23BBBo
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    • 129 7 Terms Conditions: Prices stated are per person for a round trip Business Class to Los Angeles and New York for travel out of Singapore from 14 Aug. The return travel and hotel stay must be completed by 30 Oct 06 Bookings are to be made from 14 Aug 12 Sep
      129 words

  • SINGAPORE MARKETS
    • 941 8  -  CURRENCIES Topside barriers for euro at US$1.30 and 150 yen appear most fragile LARRY WEE Senior Correspondent ANY hopes for a US dollar respite quickly evaporated after relatively soft US producer and consumer price index readings last week. Sentiment for the greenback
      941 words
    • 430 8 Deemed Interest; IP: Investment Purposes; SA: Share Allotment; ST: Share Transfer; B/R: Bonus/Rights Issues; OE: Option Exercise; PL: Placement Shares IT: Internal Transfer Compiled by BT OTHER SINGAPORE INDICES Aug 22 VALUE CLOSE BT OB/OS 214.00 +190.00 BTCAPI -*****.00 +108.00 BT 10-day MA -*****.00 +22 00 All-SG
      430 words
    • Article, Illustration
      733 8  -  Compiled by MATTHEW PHAN THE world nylon production was 3.9 million tonnes in 2005, down almost 3 per cent year-on-year. Inter- estingly, it has remained virtually unchanged from about 4 million tonnes in recent years. All the ma- jor producing countries were down, except for China, which recorded a
      Source: Bloomberg  -  733 words
    • 452 8  -  STOCKS R SIVANITHY Senior Correspondent WHEN regional markets dropped sharply on Monday, so did the Straits Times Index. Thus a rebound in those same markets yesterday duly helped the STI regain most of its lost ground the index lost 16
      452 words
  • Page 8 Advertisements

  • COMPANY NEWS
    • 347 9  -  CORPORATE RESULTS Revenue down 10.7% to US$21.3 million for the full year By OH BOON PING SYSTEM Access, which is facing a takeover offer from US-based SunGard group, yesterday reported a net loss of US$l.B2 million on a 10.7 per cent drop in revenue
      347 words
    • 259 9  -  By JEAN CHUA MOBILE-PHONE designer Longcheer Holdings said yesterday that its full-year earnings doubled from a year ago on increased orders. The mainboard-listed China-based company said net profit for the financial year ended June 30 doubled to 224.5 million yuan (5544.2 million) from 111.9 million yuan.
      BLOOMBERG  -  259 words
    • 187 9 THE Central Singapore Community Development Council (CDC) has pledged to be the community partner for the "Bull Run" for the second year running. This year's charity run will see Central Singapore District mayor Zainudin Nordin put on his running shoes to join corporate
      SGX  -  187 words
    • 120 9 Bloomberg CHARTERED Semiconductor Manufacturing, the world's third-largest. made-to-order chipmaker, was cut to "sell" by ABN Amro Asia Securities. Chartered may face strong competition for 65-nanometer chips, its most advanced technology commercially available, from larger rivals Taiwan Semiconductor Manufacturing Co and United Microelectronics Corp, Edwin
      Bloomberg  -  120 words
    • 204 9 SINGAPORE Technologies Electronics (ST Electronics) will offer its US satellite communications technology in India. ST Electronics said the service will •be offered through its US satellite communications arm iDirect Technologies (iDirect) in partnership with Electronics Corporation of India Ltd (ECIL). Although
      204 words
    • 194 9 JP Morgan has raised its June price target for units in Capita Mall Trust (CMT) to $2.52 from $2.25 and kept its "overweight" recommendation for Singapore's largest property trust by market value. "We believe CMT's sustainable long-term growth potential is still not incorporated into the
      194 words

  • SINGAPORE NEWS
    • 570 10  -  PROPERTY FOCUS Park Hotel Group plans to pump $125m into stylish, boutique hotel By KALPANA RASHIWALA REFLECTING the strong sentiment in the Singapore hotel market, a state tender for a hotel site next to Robertson Quay Hotel yesterday attracted
      570 words
    • 387 10  -  By UMA SHANKARI THE name of the Glutton's Square site at Somerset is to be wiped off the map, with the developer Far East Organization deciding that its new shopping mall there is to be called "Orchard Central". The property company intends to
      387 words
    • 245 10 MCL Land has received the green light from the Singapore Land Authority to upgrade the lease tenure and change the use of a redevelopment site formerly owned by Sing Tel. The property developer won the 256,485 sq ft site in a public tender
      245 words
    • 383 10 DRAFT Foote Cone Belding's (FCB) seemingly mundane advertisements for the Baygon range of pesticides took top honours yesterday at the second Singapore Press Holdings Ink Awards, held at the Marriot hotel ballroom. The Ink Awards are organised by SPH and supported
      383 words
    • 243 10 THE level of average public hospital bills has been published for the first time to demonstrate to Singaporeans that public healthcare is still affordable. The inaugural report by the Ministry of Health, released yesterday, shows that the average hospital stay in a class
      243 words
    • SINGAPORE ROUNDUP
      • 35 10 ORCHARD Road Business Association yesterday announced the start of an online magazine about shopping in Orchard Road. Orchardroad. com. sg produced in partnership with Asia One is a one-stop Orchard Road guide, the association says.
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      • 35 10 THE Consumers Association of Singapore introduced its new central committee members yesterday. It said that they come from a range of backgrounds, including the law, academia, business and the media.
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      • 43 10 ANNA Tong has been appointed to head Zuji Singapore's hotel business in the Asia-Pacific region. She is responsible for leading hotel sales, developing relationships in the Travelocity Net Rate Hotel Programme, and establishing new relationships with Asia-Pacific hotels.
        43 words
    • 324 10 AFP SINGAPORE police stood firm yesterday on their ban on public demonstrations after the World Bank said outdoor protests should be allowed during the bank's joint meetings with the International Monetary Fund (IMF) here next month. "We are unable to waive the
      AFP  -  324 words
    • 245 10 THE Singapore Tourism Board and Tourism Malaysia have launched a promotion to encourage youth travel between the two countries. Malaysian and Singaporean youths aged 21 and below Can enter selected tourist attractions in each other's country without charge. The promotion will end on Sept
      245 words
  • Page 10 Advertisements

  • ECONOMY WATCH
    • 574 11 Bloc members try to bridge gap over pace, scope of trade rule changes Bloomberg [KUALA LUMPUR] Southeast Asian ministers began talks yesterday aimed at dismantling market barriers as they seek to increase investment and trade in the region amid rising competition from China and
      Bloomberg  -  574 words
    • 325 11 AFP [KUALA LUMPUR] Asean has agreed to adopt a "standstill" on non-tariff barriers, with a ban on new measures and a resolution to slash existing ones in order to free up trade, Malaysia said at ministerial talks here. "The standstill is a very important decision," Malaysian
      AFP  -  325 words
    • 456 11  -  By JANE MOIR in Hong Kong HONG KONG'S economy grew at a much slower pace than had been expected in the second quarter, as demand for the city's exports took a hit from rising global interest rates and oil prices. Economists
      456 words
  • Page 11 Advertisements
    • 15 11 sppi jjl p Afr Willi Hh Sunset Boulevard with Jane Boey spm Bpm Mon Fri
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  • MALAYSIA/INDONESIA
    • 606 12 Asia's largest toll-road operator aims to sell RM6b of debt securities Bloomberg [KUALA LUMPUR] PLUS Expressways Bhd, Asia's biggest toll-road operator, plans to sell RM6 billion (552.57 billion) of Islamic debt securities next month targeted at Middle East investors, bondholders said. The securities
      Bloomberg  -  606 words
    • 294 12 AP [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi has rejected speculation that he might seek early general flections to capitalise on the public's apparent support for his financial policies, a news report said yesterday. Polls are not due until mid-2009, but some political
      AP  -  294 words
    • 4 12 Source: Reuters
      4 words
    • 236 12 AFP [KUAIA LUMPUR] Peninsular Malaysia was shrouded in haze yesterday as air quality in parts of the country took a dive, environment department data showed. The air pollution index in the capital Kuala Lumpur posted a reading of 77, edging towards the unhealthy range of 101-200,
      AFP  -  236 words
    • 616 12  -  By PAULINE NG in Kuala Lumpur THE man in the centre of Malaysia's darkest judicial chapter yesterday called for judicial power to be restored to the courts, but conceded that it would be a difficult task even under the current administration of Prime
      616 words
    • 211 12 Bloomberg [KUALA LUMPUR] Landmarks Bhd, a Malaysian hotel and property developer, said it isn't in talks to build a casino on the Indonesian island of Bintan. denying a report in Singapore's The Business Times newspaper. Landmarks "denies that it is involved in any
      Bloomberg  -  211 words
    • 352 12 [KUALA LUMPUR] Ranhill Bhd, Malaysia's biggest engineering group, will formalise a construction and development contract in Libya valued at US$l billion by this week, Malaysia's Business Times quoted company sources as saying. The daily was told that Ranhill will likely sign the
      352 words

  • INDIA
    • 467 13 Firm sets sights on 'ambitious' goal to sell 600,000 cars Reuters I BANGALORE] Toyota Motor Corp aims to boost sales in India by more than 10 times in a decade to reach a 15 per cent share of one of the
      Reuters  -  467 words
    • 487 13 Bloomberg [MUMBAIJ Bank of India, the country's seventh-big-gest lender, plans to raise as much as US$24O million in an overseas bond sale next month, joining an effort by banks to bolster finances before higher capital standards take effect. The Mumbai-based lender has yet
      Bloomberg  -  487 words
    • 283 13 Bloomberg [MUMBAI] UTV Software Communications Ltd, an Indian producer of movies and television programmes, signed agreements worth US$37 million to produce films with Hollywood companies, including film star Will Smith. The Mumbai-based company will invest US$7 million to co-produce Think Love My Wife,
      Bloomberg  -  283 words
    • 34 13 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A.Non Dealing Day
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  • GREATER CHINA
    • 515 14 Surge in offshore funds threatens foreign-owned mutual fund firms Reuters [TAIPEI/HONG KONG] The fight for customers in Taiwan's already fiercely contested US$9l billion mutual fund market is getting even tougher after authorities opened the door wider to foreign fund houses. But rising competition is
      Reuters  -  515 words
    • 310 14 Reuters [BEIJING] Growth in China's industrial profits accelerated to 28.6 per cent in the January-July period, government data showed yesterday, despite concerns that measures to cool the economy could squeeze corporate earnings. The figure compared with annual growth of 28 per cent for the
      Reuters; AP  -  310 words
    • BRIEFLY ASIA
      • 70 14 Bloomberg [NEW DELHI] Bajaj Hindusthan Ltd, India's biggest sugar company, plans to invest US$5OO million in top producer Brazil, to tap the growing market fop alternative fuels. Chief executive Kushagra Nayan Bajaj wants to acquire mills in South America that can produce sugar and
        Bloomberg  -  70 words
      • 56 14 Reuters [KUALA LUMPUR] Malaysian telecoms firm TIME dot Com yesterday said it expected to spend about RMI billion (*****.4 million) in capital expenditure on its high-speed 3G network until 2010. It may fund the capex through bank loans or vendor financing, but no
        Reuters  -  56 words
      • 43 14 Bloomberg [JAKARTA] Indonesia plans to sell part of its stake in PT Perusahaan Gas Negara, the nation's second-largest company by market value, by November to help meet a budget target, State Enterprise Minister Sugiharto said.
        Bloomberg  -  43 words
      • 61 14 AP [BEIJING] The number of mobile phone users in China, already the world's biggest telecoms market, has grown to more than 431 million. The number, as at the end of July, was a 44.9 per cent increase over the same time last year,
        AP  -  61 words
      • 66 14 Bloomberg [SHANGHAI] China's banking industry had 41 trillion yuan (SSB.2 trillion) by the end of June, up 18.5 per cent from a year earlier, boosted by lending growth in the world's fastest-growing economy. The nation's four biggest lenders expanded their assets by 17.5
        Bloomberg  -  66 words
      • 49 14 AFP [HONG KONG] China's Hong Kong-listed Bank of Communications (BoComm) said its first-half net profit rose 31 per cent to 6.03 billion yuan (Ssl .2 billion) from 4.61 billion yuan a year earlier. Earnings per share stood at 0.13 yuan.—AFP
        AFP  -  49 words
      • 56 14 Bloomberg [BEIJING] China's government plans to spend a total of one trillion yuan (S$ 199.4 billion) by 2010 to build wastewater treatment plants around the country, the Ministry of Construction said. Up to a third of the spending, or 330 billion yuan, will
        Bloomberg  -  56 words
    • 256 14 They allegedly misused 3.45 billion yuan worth of pension funds Bloomberg [SHANGHAI] The Shanghai government is suing two companies controlled by Zhang Rongkun, ranked by Forbes magazine as China's 16th richest man, to recover 3.45 billion yuan (Ss6Bl million) of allegedly misused pension funds. The
      Bloomberg  -  256 words
  • Page 14 Advertisements
    • 2353 14 P7J AWATafoR° F vV wfaMr A SPORTS CAR? in BT's 64-page annual /S-k. .00 RAMir IB /A approval of Committee on Disputes for pursuing appeals, provision has^^k H B m not been considered necessary against disputed demands of Income Tax^H Trl and interest Tax amounting toßsVls crores (Rs. 13.70 crores)
      2,353 words

  • ASIA-PACIFIC/WORLD
    • 575 15 But it gives no sign of heeding demand to freeze uranium enrichment Reuters [TEHRAN] Iran said yesterday it was ready to start immediately what it called "serious" talks with six world powers about their offer to defuse Tehran's nuclear standoff with
      Reuters  -  575 words
    • 374 15 AFP [MANILA] More than 30 foreign investors have shown interest in buying the Philippine assets of USbased power group Mirant Corp worth about US$2.5 billion, the company said in a statement yesterday. "The divestment plan has attracted more than 30 strong power players
      AFP  -  374 words
    • 232 15 AP [TOKYO] Japanese office workers, especially those in their 30s, are increasingly stressed and struck by mental health problems, partly because of gruelling corporate competition, a new study shows. More than 61 per cent of 218 leading Japanese companies surveyed by a local
      AP  -  232 words
    • 414 15 516 companies listed on both the bourses already submitted to the authorities, most have reported higher earnings and sales during the first half of the year. Suthicahi Chitvanich, the SET's executive vicepresident, said that in financial results of 462 out
      AFP  -  414 words
    • 444 15 His cost-cutting moves are slammed as viewership falls Bloomberg [SYDNEY] Australian billionaire James Packer's latest trip to England became front-page news when Rupert Murdoch's tabloid, the Daily Telegraph, attacked him for playing polo and attending Wimbledon as his Nine Network fired 100
      Bloomberg  -  444 words
  • Page 15 Advertisements
    • 285 15 PKF Seminar on the Alternative Investment Market London Stock Exchange As part of the London Stock Exchange, the Alternative Investment Market (AIM) is becoming increasingly popular as an alternative source of funding for small, medium and large scale businesses worldwide. AIM is increasing its presence in taking Asian companies public
      285 words

  • Page 16/17 Advertisements
    • 665 16/17 JfeCongratulationis To The Winners llWfiC Pr nt advertisin 9 never looked so good at the SPH Ink Awards 2006. In the hands of the truly creative, ideas came alive, and touched the hearts and minds of each and every reader. To all our winners who have demonstrated the immense power
      665 words

  • WORLD
    • 537 18 LAT-WP VINTNER R Michael Mondavi knows what he wants to put in the bottle he's just not sure what he can put on the label. Two years after leaving the family business in a messy internal squabble and subsequent corporate takeover, he
      LAT-WP  -  537 words
    • 541 18 Sarasin results below expectation; both stocks fall in early trading Reuters [ZURICH] Healthy financial markets pushed mid-sized Swiss private banks Vontobel and Sarasin to first-half profit rises of at least 50 per cent, but Sarasin fell short of expectations and both stocks fell.
      Reuters  -  541 words
    • 389 18 Reuters [NEW YORK] Warren Buffett will auction his 2001 Lincoln Town Car on eßay's website to benefit a nonprofit group that offers educational and recreational programmes for girls. The world's second-richest person will donate proceeds to Girls Inc, which serves girls
      Reuters; AP  -  389 words
    • 362 18 Bloomberg [LONDON] Robusta coffee rose to a six-and-a-half-year high in London as hedge funds bought the beans on speculation that lower production from Vietnam, the largest grower, and dwindling stockpiles will curb supply. Global coffee production has fallen 6.6 per cent to
      Bloomberg  -  362 words
    • 349 18 NYT FELIX G ROHATYN, the investment banker who helped New York City avert bankruptcy in the 1970s and became the ambassador to France in the late *****, is joining Lehman Brothers as a senior adviser to its chairman, Richard S Fuld. The
      NYT  -  349 words
    • 383 18 Country's finances transformed by oil revenue LATWP [MOSCOW] Eight years after it defaulted on more than US$4O billion in debt and slid into financial chaos, Russia transferred U5523.7 billion to the Paris Club of creditors on Monday, wiping out the last of its
      LATWP  -  383 words
  • Page 18 Advertisements

  • MOTORING
    • 603 19  -  Others taking part in November's show include Alfa Romeo and Ferrari By SAMUEL EE A FEW new makes will be unveiling their cars at November's Singapore Motorshow, even as some previous participants decide to give this year's event a miss. Fiat, Naza,
      603 words
    • 184 19 THERE may seem to be fewer makes at this year's motor show but the interesting thing is that Singapore's top four marques will still be represented. And so will nine out of the top 10 most popular models. This is because the
      184 words
    • 550 19  -  By SAMUEL EE AFTER seven months, BMW is still maintaining its strong lead over traditional rival Mercedes-Benz, with 2,318 cars registered so far in 2006 against 1,813 from the three-pointed star. But its flagship 7 Series has been overtaken by the new S-Class. Last year, BMW
      FILE PHOTO  -  550 words
  • Page 19 Advertisements
    • 508 19 CYBERVILLE INVESTMENTS PTE LTD Company Registration No. *****7323N (In Members' Voluntary Winding-Up) NOTICE IS HEREBY GIVEN that the Final Meeting of the abovenamed company will be held at 10 Jalan Besar, #11-05 Sim Lim Tower, Singapore *****7 on 25 September 2006 at 9.30 a.m. for the purposes set out in
      508 words
    • 1796 19 ———I r N the matte* of KEPPEL TELECOMMUNICATIONS TRANSPORTATION LTD THE companies ACT. CAP. 50 Co. Reg. No. *****0115G KJirr? A IN THE MATTER Of (Incorporated in Singapore) 1 1 x VEKTIGO SINGAPORE PTE LTD (Com Rag no.: *****5100W) LOST SHARE CERTIFICATES NERA TELECOMMUNICATIONS LTD (IN The under-mentioned share certificates
      1,796 words

  • AVIATION
    • 442 20 Approval also obtained to spend HK$4b to raise stake in Air China Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Asia's second-most profitable carrier, said independent shareholders approved its HK$B.22 billion (Ssl.6 billion) purchase of Hong Kong Dragon Airlines Ltd to expand in China.
      Bloomberg; AFP  -  442 words
    • 332 20 AFP [WASHINGTON] European and US officials want to run more extensive checks on airline passengers, including credit card information, e-mail addresses and hotel reservations, to detect terrorist plots, The New York Times said yesterday. The new tool being sought would broaden the scope of
      AFP  -  332 words
    • 260 20 Reuters [LONDON] British airport operator BAA is putting additional resources in place to prevent flight cancellations this weekend amid heightened security measures following a suspected bomb plot, it said yesterday. "We intend to run a full schedule this weekend and we are resourcing up
      Reuters  -  260 words
    • 214 20 Reuters [KIEV, Ukraine] An airliner flying from southern Russia to the country's second city of St Petersburg with at least 154 people on board crashed yesterday in eastern Ukraine, the Ukrainian Emergencies Ministry said. The ministry said helicopters circling the site about 45km north
      Reuters  -  214 words
    • 394 20  -  By VEN SREENIVASAN [SINGAPORE] Low cost carrier Tiger Airways has revised its line maintenance contract with mainboardlisted SIA Engineering Company Limited (SIAEC) to improve cost efficiency for its growing aircraft fleet. Under the revised line maintenance contract, SIAEC will provide Tiger a standard package of
      394 words
    • 270 20 AFP [TOKYO] Japan's two major airlines expressed regret on Monday after US giant Bofeing pulled the plug on in-flight Internet service, which had been a hit mostly with Asian carriers. "We are disappointed to hear about the forthcoming cessation of Connexion by. Boeing's in-flight
      AFP  -  270 words
    • 326 20 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      326 words
  • Page 20 Miscellaneous
    • 171 20 CRYPTIC CROSSWORD DOWN moaner (8) YESTERDAY'S SOLUTION 2 Former wife's talent turning 9 Vague detente with Iran? I'm Across: 7 Predators, 8 Baton, 10 up for more (5) dubious (13) Estimate, 11 Detest, 12 Stun, 13 3 The French blunder with 15 Fallen arch, possibly (8) Overlook, 15 Nowhere, 17
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  • SHIPPING
    • 502 21  -  It will allow for the exchange of ideas on shipping and port practices By DONALD URQUHART [SINGAPORE] Hoping to tap the same "vibe" that has turned Greece's annual Poseidonia into the maritime industry's premier business and social event, Singapore has unveiled its inaugural
      FILE PHOTO  -  502 words
    • 365 21 Bloomberg [LONDON] Insurance costs for shipping companies may rise as much as 10 per cent as underwriters prepare for stricter maritime safety regulations, said AON Corp, the world's sec-ond-biggest insurance broker. Premiums for so-called protection and indemnity policies will rise as insurers
      Bloomberg  -  365 words
    • 1020 21  -  STRAIT TALK By DAVID HUGHES IT IS has been a bad couple of weeks for the marine environment. The conflict in southern Lebanon has led to massive oil pollution along that country's and Syria's coasts. A tanker sinking in the Philippines has caused significant
      1,020 words
    • 359 21 AFP [MANILA] Philippine oil refiner Petron Corp has been handed a 100 million-peso (Ss3 million) bill to cover the initial cost of cleaning up a massive oil slick from a sunken tanker it contracted, the coastguard said yesterday. 'We demanded a bond of 100
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    • 457 21 Bloomberg [LONDON] Frontline Ltd, the world's second-biggest oil tanker company, said second-quarter profit slumped 46 per cent as earnings declined for its older one-million-barrel tankeTs and it sent more ships for routine repair work. Net income dropped to US$6B.6 million from
      Bloomberg  -  457 words
    • 278 21 'ooo Aug 22 SS W- Vol CH Offshore .036 until >45 ChuanHup .033 unch 2192 Cosco Corporation 1.55 0.01 8766 CWT Distribution 0.61 -0.03 146 Ezra Hldgs 3.74 unch 7M Freight Links 0.07 0.01 706 Grand Banks Yacht ..0.87 0.01 20 Jaya Holdings 1.42 0.07 5453 K1 Venture
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  • EDITORIAL & OPINION
    • 507 22 EDITORIAL FOR several years now, Singapore companies big and small alike have had to pay a premium for talent. But the evidence suggests that for small and medium sized enterprises (SMEs) here, the situation is getting worse. The recently released annual SME Development Survey by
      507 words
    • 773 22  -  THE BOTTOM LINE FRANK CHING PRIME Minister Junichiro Koizumi's visit to the Yasukuni Shrine on the 61st anniversary of Japan's surrender at the end of World War II had been expected, but it still drew vigorous condemnation by both
      773 words
    • 1146 22  -  Reforms must deal with corporate governance, internal controls and risk management issues By FRIEDRICH WU Cracks in China's banking sector predated the 1997-98 Asian financial crisis and originated from the "bubble" years in the mid-1990s when state-owned banks and enterprises fed on each
      AP  -  1,146 words
    • 1479 23  -  America's commitment to Israel's security is uncertain as it reflects changes in the balance of power in Washington LEON HADAR Washington Correspondent Much of the debate in Washington in the aftermath of the fighting between Israel and Hezbollah has focused on who
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    • 233 23  -  Jimmy Ho Kwok Hoong Singapore I REFER to the letter "Changing trading times on SGX will be better" by G N Setty (Mailbag, Aug 18). His assumption that stock market analysts shut off after 6pm following the market's spm close is unreal. To my knowledge,
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    • 480 23  -  Narayana Narayana Singapore IF I read him correctly, Sydneybased GN Setty's suggestion "Changing trading times on SGX will be better" (Mailbag, Aug 18) is that "SGX could allow trading to resume at 1.30pm instead of 2pm to partly make up for
      480 words
    • 224 23  -  LETTERS TO THE EDITOR Vincent Chen Singapore CAPITACOMMERCIAL Trust (CCT) offered approximately 480 million new units to raise $803 million, including 15 million units at $1.68 each to retail investors. This retail tranche was offered through DBS ATMs on a "first-come, first-served" basis commencing
      224 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
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  • 1750 24 52-Wk Tel Last Vol Day LastQuote Wv GrYld MM MCap Ugh Low Code Company Sale w- COOP) H>gl» low Buyer So»or Cw HI Smt 41.5 29.5 3219 LeeKimTah 36.5 unch 172 36.5 36.5 36 37 U 0.3 392 184.5 21 12 3221 LianBeng 12.5cd unch 10 12.5 12.5
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    • 35 24 Trade from 20% deposit (5 x leverage) on most stocks' Go long or short Competitive financing rates in &B markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices Competitive Commission charges
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  • 3451 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In koczt tun In SS In IIS1 *r»y %yr &f yr dy %yr Aug 21 lnde» Chuqe Change Chang* Chtoq/t Chung* Change World Index Preliminary 1008.1 04 4.0 02 1.7 0.1 l b tlARfcetarmary ***** -04 4.5 0.1 5.9 02 12.1 turcpe Preliminary
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  • Page 26 Advertisements
    • 991 26 UK CONTINENT SERVICE 11.5.A SERVICE Destination Destination EVGENIA RDM/ATW/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL tood. Singopor., E./W. Malaysia, lnjon..io u»d. E./W Molay.ia, Indo^.k. MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN DYNAMIC JDH/AQA ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E.
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    • 553 26 R DONGNAMA LINE UOWTAIWHIW MUVKjI VESSEL (EVERY SAT) VOY SOP HK6 (HIT TERMINAL} KMTC JAKARTA 410E 26/04 30/04 YM MUMIAII IX 02/091 04/09 VESSEL (EVERY SUM) VOY SOP HKG KOTAHADUH HU24I 27/01 31/01 KOTA HARMUNI HM3OS 03/091 07/09 VESSEL (EVERY SUN) VOY SOP HKGORT) TXY Y0« ROM KMX GLORY 51)11
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  • Page 28 Advertisements
    • 732 28 MNordana (Asia) Pte Ltd ST' 70 Shtnton Way, #21-03 Morino House Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VESSEL VOY I Stoaopoft fnwwtk Cocotlriwd Oritlwos Ishwd Parir Gtdoiw sionc Lxaress 1E607 23 Ate 22isi likfi 13 Seo ZLSu Islond Express
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    • 482 28 S'PORf HONOKONO S'PORI MUARA KOTA lONAIALU MNTUtII VESSEL VOYAGE I SIN I HK6 VKSfI VOYAGE SIN I MUA 118 ITU STXSINGAPORE 61IN 26/04 30/01 60U»Sm/W»«SIAt 2457Nf*****E 1 29/04 I 03/09 I 05/09 I S PORE HOCHIMINH CITY S'PORf -SWANOUKVtif PHNOM PfNH SONOIORA VESSEL VOYAGE I SIN HOII~ VESSfI VOYAGE I
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  • EXECUTIVE MONEY
    • 1813 30  -  MONEY MATTERS Investing is similar to moving in forested terrain; you can't expect your investments to move in a straight line with no fluctuations CHRISTOPHER TAN I LOVE moving in the mountains. It gives me a deep sense of serenity and peace. It also gives me
      FILE PHOTO  -  1,813 words
    • 752 30  -  CHET CURRIER ONCE considered an endangered species, the Free-Range Fund Manag-' er is flourishing again. These colourful creatures can be seen in abundance nowadays wherever lists of topperforming mutual funds are on display. Their comeback is especially impressive when you consider what threats the species has faced
      752 words
    • 174 30  -  By Chua Boon Lee investment option. Of over 10,000 funds in SAP's international database, only 55 or less than one per cent are classified as such. This may yet change as a survey by a unit of SAP in Australia suggests that more than AS2O biflbn (5523.9
      174 words
    • 755 31 Historical data suggests that Reits offer benefits within a portfolio even during periods of wider decline and rising interest rates THE US Federal Open Markets Committee (FOMC) raised US interest to 5V* per cent in June. How do rising interest rates impact investors' decision in
      Source: Bloomberg, EPRA/NAREIT US Total Return Index; BLOOMBERG  -  755 words
    • 1184 32  -  Are you compensated for the risks you take on? GENEVIEVE CUA looks at what's behind collateralised debt obligation GENEVIEVE CUA IF YOU are like most Singaporeans, you'd be attracted to products offering a high yield or interest rate. But you may be taking on more credit
      1,184 words
    • 400 32  -  By GENEVIEVE CUA MORE fund managers are reportedly looking at closing small funds with high expense ratios or subsidising the expenses themselves, says Giri Mudeliar, executive director of the Investment Management Association of Singapore (Imas). Investment costs are taking centrestage with the
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    • 215 30 M|| i A H| W'# J* AHRL Rk T*aaMß fli^K I jpjr V Hp H• H H 1 v <• Invest now to enjoy a lower charge on Flexi-Cash! Here is your last chance to invest in the money market fund (Flexi-Cash) during our promotion to enjoy lower spread of
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  • Page 31 Advertisements
    • 238 31 Identify the money-making signals. Would you like to WIN in the stock market? If so, an understanding of Candlestick Charting will put the odds in your favour. Proven-Powertul-Time-Tested techniques and strategies will be shared during this workshop so that participants can walk away with several basic skills knowledge on how
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    • 363 31 FRANKLIN TEMPLETON FUNDS 10 YEARS tN SINGAPORE ♦> fh s i r < 4,< < ,>. t V <, r 4 4 "*r I 4 ■ttk.. i 1 Br-J, i -M»/A ,v f- j MrntLhr. i > fy, .J.**" *s. 'V'Jhs^l fe IK kL^Bm ifefry |P t ..jM^MSB^Ej. >#f -^fli^HM|
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  • Page 32 Advertisements
    • 145 32 Leading Financial Engineering Executive Education by Leading Universities Nov 27 Dec 16,2006 For Chief Financial Officers, Chief Investment Officers, Derivative Portfolio Managers/ Analysts/ Traders, Risk Managers, Structured-product Developers and other Financial Executives Module 1: Nov 27 Dec 1,2006 Neoclassical and Behavioral Finance Module 2: Dec 4 Dec 8,2006 Bonds, Derivatives
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    • 283 32 MONEY MATTERS Investment lessons from trekking PAGE 30 P^OVIDEND® Independent Financial Adviser Investment Manager Q h A f> m An Evening with Mr. Christopher Tan, CEO ofProvidend "HOW NOT TO BE A VICTIM TO WEALTH MANAGEMENT' 7 Date: 28* September 2006, Thurs Time: 7.00pm 9.30pm Venue: Fullerton Hotel Seminar Fee:
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