The Business Times, 24 August 2006

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Total Pages: 32
1 32 The Business Times
  • 22 1 THE BUSINESS TIMES warn th ANNIVERSARY 5> Thursday, August 24,2006 SlNGAPofte Bscents i m i i online at http://business-times.asial.com.sg MICA (P) 099/03/2006
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  • 499 1  -  Employers embrace move, but others feel it may encourage job hopping By DANIEL BUENAS [SINGAPORE] The government plans to introduce new "personalised" employment passes for foreign workers that will be tied to the person rather than a company a move some
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  • 883 1  -  Ng Teng Fong is 2nd; one third of people in top 40 made their money from property, banking By SIOW LI SEN [SINGAPORE] The richest Singaporeans are the heirs of the late Khoo Teck Puat, followed closely by Ng Teng Fong both of
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  • Page 1 Advertisements
    • 46 1 BizU Intel buys into S'pore video on-demand firm PAGE 27 a 3 Does this watch tell A w A-y more than the time? And when was it made, Find out what makes and many other champions of time too, in BT's 64-page annual watch supplement tomorrow
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    • 18 1 0% r Wi JTM fjk Yi Sands to rope ********** l 8 *****1'*****4 Markets Digest Is htld over
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    • 25 1 STOCK FOCUS PAGE 9 DEVELOPMENT CHARGE Higher rates may hit en bloc sales page 3 ■Vkt{fir >; %MfA^Kr:'l^^v c H o pah0^^B 9 5 Ifcg-r-lr 'j^H
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  • TOP STORIES
    • 417 2 DC hikes could dent en bloc market THE en bloc sale market could take a hit when development charge rates go up on Sept 1, property consultants say. They reckon that DC rates could rise as much as 15-20 per cent for non-landed residential use in prime locations
      417 words
    • 544 2 China, S Korea, Turkey, Mexico to gain from bigger voting rights plan Reuters [WASHINGTON] There is broad consensus among International Monetary Fund member countries that China, South Korea, Turkey and Mexico should get bigger IMF voting rights in a proposal that was
      Reuters  -  544 words
    • 699 2  -  As PM, he'll 'refrain from attending' Yasukuni Shrine By ANTHONY ROWLEY in Tokyo JAPANESE Finance Minister Sadakazu Tanigaki yesterday promised to push for a "hotline" to be established among top political leaders in Tokyo, Beijing and Seoul if he succeeds in
      AFP  -  699 words
    • 432 2 Reuters [WASHINGTON] The International Monetary Fund faces its biggest test as it pushes to reform itself, giving more power to emerging countries in Asia and elsewhere after decades of US-European dominance. IMF managing director Rodrigo Rato was mandated by the Fund's 184
      Reuters  -  432 words
    • 710 3  -  By ARTHUR SIM [SINGAPORE] With three years to go before Las Vegas Sands opens its planned integrated resort at Marina Bay, the company's chairman and chief executive yesterday said that it was already lining up 20 or more MICE (meetings,
      LIANHE ZAOBAO  -  710 words
    • 909 3  -  EXPECTED RISE IN DEVELOPMENT CHARGES But prime sites may be spared given the luxury housing boom By KALPANA RASHIWALA [SINGAPORE] The en bloc market could take a hit when development charge (DC) rates go up on Sept 1, property consultants say. But much
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  • Page 2 Advertisements
    • 182 2 dpodlp Hunting season has begun. (Target: Private Bankers) www.thepeopleatwork.com Asia-Pacific Executive Search MESSEMONCHEN INTERNATIONAL /H expo reaL BUILD YOUR REAL ESTATE BUSINESS IN ASIA. EXPO REAL ASIA International Property Conference Et Exposition Macau Tower Macau 5-6 December 2006 I Trade conference and property exhibition for international real estate professionals operating
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  • Page 3 Advertisements
    • 187 3 fflWfpßl if H&- .-j Choose a global name for your FX trading. The Singapore office of IG Markets is part of IG Group, aUK FTSE 250 company. With over jT \il*sQA C 1 1 ft 30 years' experience and tens of thousands of individual clients, we are uniquely placed to
      187 words

  • COMPANY NEWS
    • 618 4  -  Debate over whether M-Flex should be allowed to withdraw offer By WONG WEI KONG SHARES of MFS Technology dived as much as 33 per cent yesterday, after Nas-daq-quoted Multi-Fineline Electronix Inc (M-Flex) indicated it plans to withdraw its US$5OO million offer for
      Source: Bloomberg  -  618 words
    • 315 4  -  By LESLIE YEE PROPERTY and hotel group UOL Group will exercise its right of compulsory acquisition on all remaining shareholders of Hotel Negara on Sept 23. Yesterday, UOB Asia, on behalf of UOL, sent to Hotel Negara's shareholders a letter on UOL
      315 words
    • 664 4  -  HOCK LOCK SIEW By LESLIE YEE THE start of this trading week saw OCBC Bank spending close to half a million dollars to buy 31,000 shares in insurer Great Eastern Holdings (GEH). This action appears inconsequential, except that it took place just days
      664 words
    • 536 5  -  By RONNIE LIM MAGNUS Energy which has just acquired its first producing asset an oilfield in China's Jilin province for which it paid $26.6 million for a 75 per cent stake intends to spend another $4-6 million over the next few
      536 words
    • 291 5  -  By WONG WEI KONG BRILLIANT Manufacturing's former executive chairman and MD Harry Koh Soe Khon, who was earlier convicted of insider trading, is back at the company as a consultant. Brilliant said yesterday that it had entered into a consultancy agreement with Mr
      291 words
    • 663 5  -  The decision comes after a three-hour heated EGM, CEO's position in jeopardy By MICHELLE QUAH A GROUP of six disgruntled shareholders of integra2ooo succeeded yesterday in removing the company's CEO and three other directors from the board. But some observers say
      663 words
    • 557 6  -  If deal goes ahead, it will change its name to Indofood Agri Resources By CONRAD TAN SESDAQ-listed ISG Asia Ltd is to be acquired by the Indonesian Salim Group conglomerate in a $392.7 million reverse takeover that could transform it
      BLOOMBERG FILE PHOTO  -  557 words
    • 366 6  -  By OH BOON PING THE full value from information technology (IT) can only be harnessed through the right business-IT alignment, said Hsieh Fu Hua, chief executive officer of Singapore Exchange (SGX). He was speaking yesterday at the SMU-HP Leadership Forum held
      366 words
    • 282 6  -  By CHEN HUIFEN AIRWAY masks supplier LMA International said yesterday it has won a patent infringement suit against Germany's Ambu Deutschland, fuelling a rise in its share price during afternoon trading. The patent claim involves a feature used for strengthening masks, which has yet
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    • 347 6  -  CORPORATE RESULTS Record profit of $175.6 million for year ended June 30 By CONRAD RAJ KEPPEL Corporation's investment affiliate, kl Ventures, put on another sterling performance for the financial year ended June 30, 2006, thanks largely to the sale of The Gas Company
      347 words
    • 329 6  - Elec Eltek's FY06 net profit up 5.4% By CONRAD TAN ELEC Eltek International Co's net profit inched up 5.4 per cent to US$l3 million for its fourth quarter ended June 30 as its revenue stayed flat. Sales of goods grew just 0.1 per cent to U*****.4 million. The printed circuit
      329 words
    • 249 6  -  By WEE LI-EN MARINE group Jaya Holdings' net profit jumped 25 per cent to $107.3 million for its full year ended June 30. This was despite a 95 per cent fall in profit contribution from associated companies to $1.07 million from the
      249 words
    • 184 6  -  By JEAN CHUA FURNITURE maker Koda said yesterday that its fullyear earnings rose 58.5 per cent, helped by higher sales in North America and Europe. The mainboatd-listed company said that net profit for the 12 months ended June 30 came in at US$4.7 million,
      184 words
  • Page 4 Advertisements
    • 93 4 fr.l—-■/ f y -I VKr-. KM-MM Iw. J *M>> »> Our Heartiest Congratulations to Yoma Strategic Holdings Ltd. (formerly known as Sea View Hotel Limited) YO^A STRATEGIC HOLDINGS YOMA STRATEGIC HOLDINGS LTD. {Company Registration No. *****0185E) on the occasion of your successful completion of the acquisition of Yoma Strategic Investments
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    • 105 4 For a matter of public record 4 0 I YOJ^A STRATEGIC HOLDINGS Yoma Strategic Holdings Ltd. (formerly known as Sea View Hotel Limited) is pleased to announce its relisting on 24 August 2006 on the Singapore Exchange upon the successful completion of the acquisition of Yoma Strategic Investments Ltd for
      105 words

  • Page 5 Advertisements
    • 168 5 If you are facing any of these: "messy" accounts arising from change of systems staff turnover inability to meet statutory reporting deadlines urgent need to submit financial statements to banks financial institutions need to reconstruct accounts from incomplete records need to extract financial information for a litigation need assistance in
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  • Page 6 Advertisements
    • 46 6 ;2t For enquiries and registration, please contact Ms Jessica Llm at +65 6433 4838 or emaH Jessic»tim*ies}ng«pore.gov.sg International Enterprise (IE) Singapore presents j "Singapore: Our Housing Story", an infrastructure roadshow in Hanoi and Ho Chi Minh City i g j Helping Singapore enterprises internationalise Singapore i
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  • Page 7 Advertisements
    • 1303 7 v 'M W* r^' ssss^"* 11 gyp mp ggp f/jl v *W l ß* *F V W ***** w »Jfqpi flbf m* Jig |B| iP^'^'jp'lßM infl F J I pp 2 bt B!93f^^ /&*ttCttiJi*ri in #mi HatAifl of 6jf»h#frftfft W"WivV M I W> W"! 'yOyV' w pwr«a«r)t to «trust dMd
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  • SINGAPORE MARKETS
    • 546 8  -  STOCKS Broker reports boost trading opportunities for stocks like Gallant Venture and Labroy Marine R SIVANITHY Senior Correspondent EQUITY markets everywhere appear to have entered a twilight zone of sorts in which everyone searches for the way out but simply can't find it.
      Source: Bloomberg  -  546 words
    • 983 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Aug 23 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell 000 Shr £000) COOP) Ace Dynamics 23-Aug-06 Hendra Harjadi *Buy 200 0.23 8100 S.79 8300 5.93 Sea View 23-Aug-06 Serge
      983 words
    • Article, Illustration
      998 8  -  Compiled by CONRAD TAN Gallant Venture Aug 23 dose SS0.7S KIM ENG RESEARCH, Aug 23 WE INITIATE coverage of Gallant Venture with a "buy" recommendation and a target price of 551.02. We believe Gallant's share price has a significant 36 per cent upside based on its undervalued landbank, stable
      Source: Bloomberg  -  998 words
    • 547 8  -  CURRENCIES LARRY WEE Senior Correspondent A FED official's warning not to rule out further US interest rate hikes helped the greenback to regain some composure, lifting it to a four-week high of 116.84 yen in US trading overnight before running out of steam yesterday.
      Source: Reuters  -  547 words

  • STOCK FOCUS
    • 1070 9  -  Sesdaq-listed CNA Group is low-profile but watch its expansion, says R SIVANITHY R SIVANITHY TWO things strike you immediately about the CNA Group. First, that it has passed largely unnoticed by many people despite the company providing vital services without which many organisations cannot function.
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  • Page 9 Advertisements
    • 95 9 I 111 v Mnr^ht °'"'^tC' ~™))f Ji««tr < repetittvt fcN». j Publication o*m moil j 1 >:i Bi ?hon« Company S*%*>. Enhance your corporate image with SPH news reports or features on your company. \jmw%rUb\J Wjc e |y re g arc ec as t h e definitive source for incisive
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    • 216 9 Region's Premier Showcase for I Components, Assemblies, Electronlcq^^ 1; Production and Display Technologies Over 32,000 trade visitors from 128 countries rsglons gathered the 2005 fair to fulfil thair business Interests ■p through the wide selection of technologies and products. Hf-" Now, with over 500 exhibitors from around the globe, the
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  • SINGAPORE NEWS
    • 310 10  -  It aims to recognise firms with operations abroad By NANDE KHIN INTERNATIONAL Enterprise Singapore (IE Singapore) is kicking off its Singapore International 100 Ranking 2007 exercise on Monday with a comprehensive survey aimed at identifying Singapore's top performing companies based on their
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    • 235 10  -  By NANDE KHIN THE Economic Development Board (EDB) is launching an advertising blitz to market Singapore's business and investment opportunities to the world. The campaign described by EDB as "bolder and more provocative" is the investment promotion agency's first in about five years.
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    • SINGAPORE ROUNDUP
      • 59 10 SINGTEL has put up for tender No 71 Robinson Road, formerly known as Crosby House. The seven-storey leasehold building can be redeveloped into either a new office block or an apartment tower, says marketing agent Credo Real Estate. It is expected to
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      • 40 10 THE SMa School of Management has launched a Professional Diploma in Security Management. It will be awarded by the SMa School of Management, Edith Cowan University, and the American Society for Industrial Security Int'l Singapore Chapter.
        40 words
    • 264 10 THE consumer price index (CPI) for July increased at its largest month-on-month rate this year, up 0.8 per cent on the figure for June. This was due largely to the 2.1 per cent rise in housing costs caused by higher service and
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    • 351 10  -  It'll refer Indon patients to doctors in Indonesia or S'pore, as required By CHEN HUIFEN DOCTORS in Singapore and Indonesia are now better able to provide joint care to Indonesian patients through a new medical centre in Jakarta. Set up by lAG
      351 words
    • 298 10  -  By RUCHIKA TULSHYAN A TEAM of 700 chauffeurs has been recruited to drive the world's top politicians, bankers, economists and others to meetings around Singapore during next month's meetings of the International Monetary Fund and the World Bank. One of the selected drivers, housewife
      CHEW SENG KIM  -  298 words
    • 171 10 PREMIUMS for the certificates of entitlement needed to drive vehicles (COEs) have shot up again, as have the number of bids for them, despite earlier suggestions that the Hungry Ghosts Festival would dampen demand for cars. The COE premium for Category A cars up
      171 words
    • 432 10  -  By CHEW XIANG WHILE globalisation and the Internet have brought people closer together, the world's biggest corporations still have to respect cultural and regional differences, said Kevin Ruffles, Asia-Pacific president of London-based global corporate management firm Hogg Robinson Group (HRG). HRG mainly handles outsourced
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  • Page 10 Advertisements

  • SINGAPORE INTERNATIONAL
    • 614 11  -  In view of Vietnam's expected WTO entry, S'pore firms should act fast to build on the edge they already have there, says CHUANG PECK MING CHUANG PECK MING SINGAPORE is already a big investor in Vietnam the second largest after Taiwan. Singapore companies have put in some US$7.6
      614 words
    • 522 11  -  By CHUANG PECK MING SETTING up shop in Vietnam may require a lot of patience. Singapore developer Evan Lim Company spent about a year just to study and understand the country's culture, its way of life and the needs of its people
      522 words
    • 370 11  -  By CHUANG PECK MING THE Keppel Group has been in Vietnam for more than two decades and it continues to build on its businesses and networks in the country. A pioneer investor in Vietnam's property sector, Keppel Land has pumped v more than
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  • Page 11 Advertisements
    • 94 11 ™»r 4L The Business times SINGAPORE Singapore Singapore mtamattonai if a waafcJy, marfcat-foaaad tahm brought to you by if Singapore and Tho Builnow Timw. It Singapore h on agancy undar tha MinMry of Trada and IndutOy haiping Singapore antarprttat export and intamationaliM. ■fl^KiTzr ■MMHMMtm—MBIIfIM INTERNATIONAL 100 Got what it takes
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  • ECONOMY WATCH
    • 493 12 ASEAN ECONOMIC MINISTERS MEETING Members agree to cut non-tariff barriers, widen access to svcs Bloomberg [KUALA LUMPUR] Southeast Asian ministers agreed to cut non-tariff barriers to trade and widen access to service industries in the region as they seek to overcome their differences and
      Bloomberg  -  493 words
    • 5741 12 UNIT TRUSTS FUNDS I AB Amer Income A EUR 6.69/ AB Amer Income 8 EUR 6.6% ABEurap Income Opp AT SGO 15.13/ ABM Amro Asset Mgt (S port) AB Europ Income Opp BT SGD 15.13/ Star Europe Eqty! 0.965/ AB Europ Income Opp AT EUR 7.5/ Star Europe Bond 1.195/
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    • 364 12  -  By PAULINE NG in Kuala Lumpur ASEAN economic ministers have agreed to Japan's proposal to undertake a study on a comprehensive East Asian economic partnership but the grouping stressed its greater priority is to ink a Comprehensive Economic Partnership (CEP)
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    • 210 12 AP [KUALA LUMPUR] South-east Asian nations yesterday urged the World Trade Organization (WTO) to resume trade negotiations before the end of 2006, saying breakthroughs must be forged in agriculture and market access. "Asean believes that WTO members must put the process back on
      AP  -  210 words
  • Page 12 Advertisements
    • 32 12 AllianzGl RCM Global Twin-Focus Fund a fund that offers you twin benefits AlliailZ (Hi) f of potential quarterly payouts and limits possible downside. Visit OCBC Bank for G)obal )nvestors '-"QIC more details.
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  • MALAYSIA/INDONESIA
    • 406 13  -  Move prompted by govt's lifting of foreign stake cap to 49% from 30% By LESLIE YEE MALAYSIA'S lifting of the foreign shareholding limit to 49 per cent from 30 per cent for new entrants buying into its insurers could prompt Singapore parties like
      406 words
    • 197 13 Bloomberg [JAKARTA] PT Bank Mandiri, Indonesia's biggest lender and PT Nikko Securities Indonesia, may be asked to manage their debtor, PT Great River International, after five directors of the apparel company resigned citing lack of funds. The acting directors, Kristanto Setyadi, D Swantopo,
      Bloomberg  -  197 words
    • 341 13 Bloomberg, Bernama [KUALA LUMPUR] Indonesia faces enormous problems to become competitive due to its social, political and economic challenges, a business leader from the largest Muslim nation of the world said here yesterday. The chairman of PT Telekomunikasi Indonesia and the managing director of
      Bloomberg,; Bernama  -  341 words
    • 419 13 2004. Reuters, Bloomberg [KUALA LUMPUR] Malaysia's inflation hasn't been caused by rising demand and is expected to ease later this year, Bank Negara Malaysia governor Zeti Akhtar Aziz said on Tuesday, implying the central bank has room to keep rates unchanged. The impact of rising
      2004. — Reuters, Bloomberg  -  419 words
  • Page 13 Advertisements

  • GREATER CHINA
    • 397 14 Latest draft promises protection for all forms of ownership AP. Reuters [BEIJING] A proposed law that would be the first to protect Chinese private property rights is back before Parliament after being withdrawn earlier this year amid ideological disputes, state media said yesterday.
      AP.; Reuters  -  397 words
    • 445 14 Reuters [HONG KONG/MUMBAI] Stock markets in the world's two hottest economies are bouncing back from a savage mid-year rout, but both Chinese and Indian shares look a risky bet. MSCI's India index is up 22 per cent and Chinese stocks have
      Reuters  -  445 words
    • BRIEFLY ASIA
      • 51 14 Bloomberg [BEIJING] China Netcom Group Corp (Hong Kong) Ltd's first-half profit fell 7.7 per cent. Net income, including connection fees, declined to 7.1 billion yuan (Ssl.4 billion), or 1.07 yuan a share, from a restated 7.7 billion yuan, or 1.17 yuan, a year earlier.
        Bloomberg  -  51 words
      • 46 14 Bloomberg [SHANGHAI] China Minsheng Banking Corp's earnings rose 37 per cent in the,first half. Net income increased to 1.73 billion yuan (*****.9 million), or 0.17 yuan a share, from a revised 1.26 billion yuan, or 0.20 yuan, a year earlier.
        Bloomberg  -  46 words
      • 41 14 Reuters [HONG KONG] Wharf Holdings Ltd yesterday posted a slight fall in underlying profits for the first half. Underlying profit was HK$l.9O billion (Ss39o million), down one per cent from HK$ 1.92 billion the previous year.
        Reuters  -  41 words
      • 49 14 AP [SHANGHAI] PetroChina Co's first-half net profit surged 29 per cent from the same period a year earlier. Its net profit in the six months ended June 30 was 80.6 billion yuan (Ssl6 billion), up from 62.4 billion yuan in first-half 2005. —AP*
        AP  -  49 words
      • 33 14 Reuters [KUALA LUMPUR] Maxis Communications Bhd's second-quarter net profit rose 13.9 per cent from a year earlier to RM4SO million ringgit (Ssl 95 million). —Reuters
        Reuters  -  33 words
  • Page 14 Advertisements
    • 213 14 ■Hbh jM H "Ij; IB Hi W W IB j (r^- l —r n n pj 1 iO r l U J THAT Fin c; o Recruit the right people \j C 1 _J through CATS Recruit. -y~~) C I Call 1800 289 8822 or email J recruitssph.com.sg I x
      213 words

  • INDIA
    • 520 15  -  It joins the bidding race for the world's most profitable sweepstakes By PRIYANKA BHARDWAJ in New Delhi INDIA'S biggest lottery firm, Sugal Damani Finlease, has applied for a licence to run Britain's National Lottery. The UK game is the world's largest and
      520 words
    • 371 15 Reuters [MUMBAI] Bigger stacks of glossy magazines are hitting the newsstands in India as an increasing number of foreign titles are launched here, but tough ownership rules and low advertising yields are keeping a lid on profits. The country's large number of English speakers,
      Reuters  -  371 words
    • 276 15 [GLASGOW] Eating curry may be a better cure for headaches than aspirin, The Times reports researchers as saying. The British paper reports that a study funded by the Scottish Executive has found that salicylic acid, the active ingredient in aspirin, occurs
      JACQUELINE PHUA  -  276 words
  • Page 15 Advertisements
    • 23 15 I Keep your investors informed by advertising I your financial results in our newspapers. I Call 1800 289 8822 or email I notices#sph.com.sg.
      23 words
    • 149 15 THAKRAL CORPORATION LTD (Incorporated in the Republic of Singapore on 7 October 1993) (Company Registration No. *****6606E) ANNOUNCEMENT CHANGE OF FINANCIAL YEAR END The Board of Directors of Thakral Corporation lid (the "Company") wishes to announce that the Company has changed its financial year end from 31 March to 31
      149 words
    • 2515 15 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT-riWO IT IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF FIVE STAR MANAGEMENT PTE LTD (In Creditor*' Voluntary Liquidation) (Company Registration No. *****5179 M) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of
      2,515 words

  • ASIA-PACIFIC
    • 631 16 Firms turn to US, Europe to sell high-risk securities unpopular in Asia Bloomberg [HONG KONG] In the junk bond market, Asian companies are rushing in where the region's investors fear to tread. More than two dozen Asian companies have turned to
      Bloomberg  -  631 words
    • 628 16 -LATWP, Reuters [HOLLYWOOD] Paramount Pictures will sever its lucrative 14-year relationship with Tom Cruise, whose recent off-screen behaviour proved to be too much for media boss Sumner Redstone, who disclosed the pending split on Tuesday. "His recent conduct has not been acceptable to
      -LATWP, Reuters  -  628 words
    • 294 16 AP [MELBOURNE] Anglo-Australian mining giant BHP Billiton Ltd yesterday said its annual net profit surged 63 per cent, setting a new Australian corporate earnings record thanks to soaring metal prices and insatiable demand from China. It earned U5510.45 billion for the year through June,
      AP  -  294 words
    • 746 16  -  ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent STRUCTURE is everything. The most grandiose of plans, in everything from governance of a nation to planning a military campaign, can come to nothing without it. Asia's failure to address seriously the issue of Structure for underpinning
      746 words
  • Page 16 Advertisements
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    • 27 16 CELESTIAL TREATS Presenting the ALL-NEW Yam Moonpie this Mid-Autumn festival. Selected credit cards enjoy special privileges and discounts. MERJTUS BBS www.mandarin-singapore.com i For •nauiries. ail 6831 6069
      27 words

  • WORLD
    • 489 17 LATEST US DATA Crash in home prices and sales can spell big trouble for overall economy AP [WASHINGTON] Sales of previously owned homes plunged in July to the lowest level in 2v* years and the inventory of unsold homes climbed
      AP  -  489 words
    • 385 17 Reuters [SINGAPORE] Assets under management of SG Private Banking in Asia ex-Japan rose 25 per cent to around US$l5 billion in the first seven months of 2006 from a year ago, boosted by rising Asian wealth. Daniel Truchi, chief executive of SG
      Reuters  -  385 words
    • 2289 17 vol General Corp 0.57 -0.01 72 Aug 23 RM ('000) Gentmg .24.50 -0.20 639 George Kent .0.48 -0.01 32 ASM Realty 1.46 0.01 21 GHL Systems .0.23 unch 1532 Abric— .031 -0.01 9 Globetronics Tech 0.30 unch 311 ACP Industries 0.83 0.01 53 GlomacBhd 1.13 unch 1 Advance
      2,289 words
    • 344 17 AP [NEW YORK] A US biotechnology company has developed a new way of creating stem cells without destroying human embryos, billing it as a potential solution to a contentious political and ethical debate. "This will make it far more difficult to oppose
      AP  -  344 words
    • 288 17  -  From CLARENCE MICHAEL A CONSORTIUM led by the UAE telecoms operator Emirates Telecommunications Corporation (Etisalat) has signed a US$2.9 billion deal with Egypt's National Telecommunications Regulatory Authority (NTRA) for the third mobile network licence. The consortium which includes Egypt Post, The National Bank
      288 words
  • Page 17 Advertisements
    • 157 17 MM The Kellogg-HKUST Executive MBA Program cordially invites you to participate in its activities in Singapore during its upcoming Asian Tour on Monday 11 September 2006. Jointly offered by the Kellogg School of Management, Northwestern University and the Hong Kong University of Science and Technology's |M Business School, the Kellogg-HKUST
      157 words

  • AVIATION
    • 455 18  -  Annual growth will average 7.1% for next 20 years: Global Insight By CLARENCE MICHAEL in Dubai AIRLINES in the Middle East can expect annual traffic growth of 10.7 per cent for the next seven years, followed by a more modest 3.5 per cent
      FILE PHOTO  -  455 words
    • 433 18 Bloomberg [FRANKFURT] Flughafen Wien AG, manager of Vienna International Airport, said second-quarter profit fell 3.5 per cent as spending on building expansions and new equipment resulted in higher depreciation and interest costs. Net income fell to 21.6 million euros (5543.6 milhon), or 1.03
      Bloomberg  -  433 words
    • LOG BOOK
      • 61 18 Bloomberg [HONG KONGI Hong Kong Dragon Airlines, which is being bought by Cathay Pacific Airways, said chief executive officer Stanley Hui had resigned. Mr Hui will leave on Aug 29, it said yesterday. Cathay Pacific said on Tuesday that its independent shareholders had
        Bloomberg  -  61 words
      • 83 18 AFP [MOSCOW] Investigators have recovered both the flight data recorder and the voice recorder from a Russian passenger jet that crashed in Ukraine killing all 170 people aboard, Interfax news agency reported yesterday. The plane, a Tupolev-154 jet owned by Russia's Pulkovo airlines, was
        AFP  -  83 words
      • 72 18 AFP [FRANKFURT] The European aeronautic giant EADS is planning a massive expansion of its activities in India and has earmarked 2 billion euros (Ss4 billion) for investment there over the next 15 years, the Financial Times Deutschland reported yesterday. In addition to orders for
        AFP  -  72 words
      • 73 18 Bloomberg [LONDON] BAA pic's London Stansted Airport baggage handlers have cancelled a strike planned for Aug 26 and Aug 28 after Swissport International, their direct employer, agreed to an 11 per cent raise. The plan to strike came a week after airlines cancelled more
        Bloomberg  -  73 words
    • 396 18 Fuel prices may soften consumer sentiment Reuters [SYDNEY] Virgin Blue, Australia's second-biggest airline, posted a 12.8 per cent rise in nine-month profit on flying more passengers on a higher average fare, but it said consumer sentiment could soften on rising fuel prices. "Benefits from
      Reuters  -  396 words
    • 238 18 Bernama [KUALA LUMPUR] A total of 2,622 Malaysia Airlines (MAS) employees have opted to leave the company under the Mutual Separation Scheme (MSS) but none of them received compensation of more than RM700.000 (*****,380), the lower house of Parliament was told
      Bernama  -  238 words
    • 2212 18 CITY FLIGHT ETA FLIGHT ETD SQ143 1S3S SQ146 1640 GA840 1640 GA841 1755 »4?? 11?? 'W si: jgl* 7 —jglg Igg AdalaMa LH9771 1750 AF8088 2215 SQ 435 91% j 04 ffig SQ230 1750 BA7382 2215 Do 1 Q* 63 1345 QB639 _0745 AF8087 1850 QF82
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  • Page 18 Miscellaneous
    • 200 18 CRYPTIC CROSSWORD gun "oecomes 25 Displays tapestry featuring gallery (8) YESTERDAY'S SOLUTION youth s head (6) 8 Frank needs a j ob Take note Across 1 Persona ity( 0 Enter, 11 DOWN (8) Uncertain, 12 Amazement, 13 Artifipc tpkpn hy rriminal law 14 Sausa 9e production makes a Abide, 14
      200 words

  • SHIPPING
    • 375 19 Orders for new ships growing faster than older vessels are being retired: shipbroker [ATHENS] Owners of sin-gle-hull tankers that expect booming demand for oil transport to offer protection from a ban on the vessels in 2010 should not expect to be able to
      375 words
    • 480 19 Reuters [HONG KONG] The world's number-two shipping container maker, Singamas Container Holdings Ltd, expects volume sales to jump 21 per cent in 2006 and margins to improve in the second half as shipping demand picks up. Global trade growth, a significant increase in
      Reuters  -  480 words
    • 321 19 Maersk 's market share of US trade down in June Reuters [COPENHAGEN] AP Moell-er-Maersk's container shipping line lost market share in trade to and from the United States in June, data from the Port Import Export Reporting Service (PIERS) showed yesterday. According to the data which was obtained by Reuters
      Reuters; FILE PHOTO  -  321 words
    • 185 19 AFP [NUEVA VALENCIA] Japanese and US experts were yesterday helping efforts to contain the Philippines' worst oil spill. The authorities have been struggling to get help since the Solar I tanker sank off the central island of Guimaras 12 days ago and discharged
      AFP  -  185 words
    • 355 19  -  Prosafe purchase follows General Maritime Corp deal By GEORGE JOSEPH [SINGAPORE] BW Group has bought a 15.3 per cent stake in Norwegian FPSO and offshore company Prosafe for an undisclosed sum. The purchase was done through Bergesen Worldwide Ltd, the parent of Bergesen
      355 words
    • 242 19 Bloomberg [AMSTERDAM] The port of Rotterdam's 2.9 billion euro (Sss.B billion) expansion plan may face delays because an environmental lobby groilp will ask a judge to halt the project. The port plans to build a second set of harbour facilities in 2008 to handle imports
      Bloomberg  -  242 words
    • 282 19 SGX WO Aug 23 W- Vol CH Offshore 0.36 unch 9 ChuanHup .0.33 -0.01 270 Cosco Corporation 1.60 0.05 8803 CWT Distribution .0.60 -0.01 118 EzraHkte 2.72 -0.02 266 Freight Links 0.07 unch 607 Grand Banks Yacht .0J8 0.01 20 Jay a Holdings 1.41 -0.01 7391 K1 Venture
      282 words
  • Page 19 Advertisements
    • 134 19 MARKETS TAX Our qualified professionals HnL/# can assist you with offshore structures, shelf companies ■BT/ and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands Bahamas Mauritius ■■■BHHHBH Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets
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  • EDITORIAL & OPINION
    • 514 20 EDITORIAL SINGAPORE can't get enough of them lawyers, that is. Moves are underway to boost their numbers, starting with a second law school, and the easing of entry of overseastrained Singaporean law graduates and foreign lawyers to local practice. Even then, demand will likely outstrip
      514 words
    • 784 20  -  THE BOTTOM LINE ROBERT SAMUELSON AMERICANS are at the end of the credit boom certainly the six-year boom and maybe the 60-year boom. Has any society ever created so many ways for people to go into debt? In 2003, Americans had 1.46
      784 words
    • 1191 20  -  The methodology has gone beyond defect control to become part of company culture By NIDTHIA PANNIR CHELVAM, YAP MIOW SEN Wk JH JjV ITH the quirky title m Blackbelt" for its II m li practitioners, it's Ms hard for the mm uninitiated to
      PHOTOS: BLOOMBERG  -  1,191 words
    • 760 21  -  There's a standard set of policies to avoid the kind of financial and political crisis of 1997 By CHUA HAK BIN, HUANG YI PING IT HAS been almost a decade since the East Asian financial crisis. That watershed event has shaped Asian
      760 words
    • 225 21  -  LETTER TO THE EDITOR Yap Teong Liang Vice-President The Law Society of Singapore I REFER to your article, "Jeyaretnam should have declined Rasif case: editorial" (BT, Aug 23). On the point of the perception of a possible conflict of interest, it is not uncommon
      225 words

  • Page 21 Advertisements
    • 108 21 Over2o,oooVotes Here Is Readers' Choice! r *JFW Of all the finalists featured in the SPH Ink Awards 2006 Readers' Choice Contest, 'You Can't Teach Them Singapore To p,a y Safe scored the most number of votes for its witty take on pet sterilisation. Five lucky readers Press wbo vote( or
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    • 103 21 NAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterGsph.com.sg or write to: Ttie 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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  • 9868 22 SGX MAINBOARD Transaction date: Aug 23 52-Wk Tet Last Vol Day Last Quote Oiv GrYtd Net MCao High Low Code Company Sale ('000) High Low Buyer Seller Cvr P/t Smll 4 1 S716 IstSoftware 2 -0.5 15 2 2 2 2.5 8.1 11.5 6 3148 STelecom 7 +0.5
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  • Page 22 Advertisements
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  • 5979 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local cuit in SS In USS dy yr dy yr dy %yr Aug 22 lnde» Chanqa Chanqa Chang* CJiange Change Change itoarld index Prefinwiary 1012-2 04 44 03 20 0-1 78 t EAfE Preliminary '0215 M U U M -M 1U Europe
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  • Page 24 Advertisements
    • 982 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination EVGENIA RDM/ATW/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL Loods Singapore, E./W. Malaysia, Indonesia E/w M(j|ayjja |ndonesja 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. Malaysia,
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    • 105 24 As Agents: Starship Agencies (MAI) Ptt Ltd a NO. 1 **********H No. 1 Shenton Way, #11-07/ D», 5(06M03) Opemtw Code: K fiimi |w| m |Monnraß w m i|iw on at taruMau eiTW m/m m/w mivu h/m ii/w h/h m/h ot/i# tawicuamotiw m/o* is/w zmmumai am i;/w n/w n/n n/uu/n *a
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  • Page 25 Advertisements
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    • 1162 25 VESSEL VOY I PKL I SIN KARACHI DXB BAB NHS DMM BIK KHOR IRAN TABATABAEI PCL 8153 28/08 27/08 05/09 08/09 09/09 15/09 17/09 19/09 IRAN KORDESTAN PCI 8155 01/09 02/09 11/09 14/09 15/08 21/09 23/09 25/09 IRAN SATTARI PCI 8156 09/09 10/09 19/09 1 22/09 123/09 1 29/09 31/09
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    • 833 25 W WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOT SIW PJdANG COLOMBO N.SHEVA COLOMBO INDIRA GANDHI 0106W 24 AUG OMR QMQ SlitE HAJIV GANDHI 0106W 31 AUG OMIT OMIT 07 SEP UStP KOTAPtITAMA TPMO43 OSSEP 06SEP 09SEP I2SEP 16SH> HOWUHHIOGE OOSSW I2SEP 13
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6284 26 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SM Dest n Mm* Name Nanfear Nwnber SM Oasfn Wan Mane Miihar ftpbw To ABIDJAN (ABJ) 2003 Cote D'lvoire To FELIXSTOWE (FXT) 2127 U. K. 31/08 06/10 Delmas DELMAS KERGUELEN 63SW
      6,284 words

  • BizIT
    • 708 27  -  Video-on-demand firm will soon sell movies directly over the Net, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY IN A sign that video-on-demand over the Internet, as well as IPTV (Internet protocol TV), is coming of age, the world's biggest chip maker, Intel Corp, has
      708 words
    • 375 27  -  By AMIT ROY CHOUDHURY SINGAPORE, with its high broadband penetration rate, will be among the first few countries in the AsiaPacific region where Anytime TV will launch its vid-eo-on-demand over the Internet service. Craig Zimbulis, Anytime's president and CEO, said
      375 words
    • 562 28  -  Razer co-brands product with Microsoft, reports ROLAND ilM reports ROLAND LIM A Singapore-designed mouse is the first cobranded gaming peripheral for Razer, with many more to come. US-based gaming peripherals specialist Razer and software leader Microsoft have jointly launched a Singapore-designed mouse, the first in a series
      562 words
    • 328 28 Reuters [SAN FRANCISCO] Dell Inc said that chief executive Kevin Rollins continues to enjoy the "full support" of founder and chairman Michael Dell despite suggestions by some analysts that the world's No 1 personal computer maker needs new leadership to revive growth.
      Reuters  -  328 words
    • 277 28 Reuters [TOKYO] Google Inc, the world's biggest Internet search engine, said yesterday that it was opening the Japanese-language version of its e-mail service to anyone who wants to sign up. Japan is the third market after Australia and New Zealand in which the
      Reuters  -  277 words
    • 228 28 Reuters [BEIJING] IBM, the world's biggest computer-services firm, said yesterday it could open four offices annually in second-tier Chinese cities in the coming years to take advantage of robust growth and a deep talent pool. Any expansion would come after IBM's
      Reuters  -  228 words
    • 466 29  -  New Linux solutions will help it reach target, reports ROLAND LIM ROLAND LIM ENTERPRISE software solution provider Novell expects to grow its business some 50 per cent in the region next year, helped by the release of its latest suite of Linux solutions for enterprises.
      466 words
    • 337 29  -  By ROLAND LIM US-BASED enterprise networking vendor Telco Systems announced earlier this week that it has established its Asia Pacific headquarters in Singapore and will be investing US$lO million over the next two to three years to expand its operations in the
      337 words
    • 1106 29 —AP ANY business traveller who has logged on to a wireless network at the airport, printed a document at a hotel business centre or checked e-mail messages at a public terminal has probably wondered, at least fleetingly, "Is this safe?" Although obsessing about computer security
      —AP; AP  -  1,106 words
    • 420 29 AP [SEATTLE] Microsoft Corp is considering discounts or other promotions during the holidays to entice consumers to upgrade their PCs with Windows Vista, even though the new operating system isn't due to hit store shelves until January at the earliest. Any end-of-the-year
      AP  -  420 words
  • Page 27 Advertisements
    • 263 27 THE INFINITE HP Continued R&D Investments Reduce Operating Costs Invested over 2.l4billion USD worldwide Smaller power supply units improved on R&D in 2005 to improve a variety of cooling methods generate substantial jgSHHBHBHSHRBHgP platform areas such as airflow and memory operational cost savings. reliability. Risk Verification For Free Verification PSCS
      263 words

  • Page 28 Advertisements
    • 217 28 www.DopodAsia.com oopoo Enjoy Mobility X Dopod 838 Pro. FOR ALL YOUR must keep in touch with the office by checking my emails on the go and making sure the deals are signed and the goods get sent on time while surfing the web for the best places to go on
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  • Page 29 Advertisements
    • 46 29 Attract more interest from investors. Place your IPO notice in our newspapers. or enSl^hSSm^ ProCurve Networking HP Innovation The Adaptive Network Designed to flex in completely new ways Adaptive Edge Architecture™ for secure, mobile and converged networks L» WHd% wr Discover the advantages, visit www.procurve.com.sg Il/U
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  • PROPERTY
    • 430 30 Buyers can share purchase with friends or housing associations Reuters [LONDON] Britain's housing boom may be a blessing for home owners, but with prices trebling in a decade, first-time buyers are being forced to dream up increasingly complex arrangements to get a
      Reuters  -  430 words
    • 437 31  -  Grace Fu also lauds aesthetic achievements of real estate industry By ARTHUR SIM "A CITY that is purely functional is like food without flavour, keeping us alive without its pleasures", said Minister of State for National Development Grace Fu. Ms Fu was speaking at a
      437 words
    • 927 32  -  Key factor is record bid last week for Somerset Central commercial site By KALPANA RASHIWALA THE record price achieved in last week's tender for the Somerset Central commercial plot is expected to lead to an increase of up to 25 per
      927 words
    • 1647 32 PROJECT NAME/ PROP CONTRACT TENURE BUKMUIAND PRICE PSF STREET NAME TYPE DATE AREA'fSQ FT) (S$ 000) (S$) District 1 NON-LANDED Emerald Gdn Apt 08/08/2006 999 1033 1100 1065 The Sail At Marina Bay Apt 10/08/2006 99 2110 2933 1390 The
      1,647 words
  • Page 30 Advertisements
    • 411 30 Village, t fv Leisure Facm, Johor, wyour resort residence... with an island sanctuary clubhouse ■HT P REWARDS fli for early bird FREE semi-Fumishing purchasers* Attractive prices from RM468.000 'Conditions apply. Please enquire with our sales staff for details. Located within high growth Southern Johor Economic Region Only 15 minutes drive
      411 words

  • Page 31 Advertisements
    • 280 31 W IiJRTTOTSRI Telok Kurau Plot Ratio 1:4 ,gg| Freehold Wide Frontage Land: ***** sf 100% Consent FIRST TREE PROPERTIES PTE LTD FIRST TREE 3 Bishan Place #05-08 CPF Bishan Building iiart ta ar tn wi Tel: 6256 6312 Marina Club off Pongeol Holiday Resort in Pulau Übin FOR SALE BY
      280 words
    • 275 31 Land area 24,531 sf, leasehold VVT /l/ Zoned "Commercial"-GPR 11.2 Alternative Residential use possible V Walkin 9 distance to Tg Pagar MRT Station \i\A /r\ //iJ Prominent corner plot, 66m frontage Closing on 28 Sep 2006 (Thu), 2.30pm I ■as* y j£/ y Raffles Girte Pri Sch Bukit I imah
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  • Page 32 Advertisements
    • 88 32 \T Prestigious District 10 Good Class Bungalow Area; u\ Freehold Sprawling 70,995 sq.ft.; subdivisable up to 4 plots For ndividual or collective k ji. purchases "ratar 115.000 sq.ft. 120.000 sq.ft. 135,000 sq.ft. 150,000 sq.ft. 170,995 sq.ft. Above areas serve as a guide and is subject to final survey and subdivision
      88 words