The Business Times, 22 September 2006
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2006-09-22
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The Business Times
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Title Section36 2006-09-22 1 THE BUSINESS TIMES i^Vth JD SINGAPORE 85 cents MICA (P) 099/03/2006 Friday, September 22,2006 THE BUSINESS TIMES ANNIVERSARY 3b SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Friday, September 22,200636 words
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Advertisement67 2006-09-22 1 ■ifc. H H^». J 1 B j JHHH HHI W 9 II II IHIHHHBHI H s a^.?^:,^. *I 1 if- i ;f I jr I I 19 I I ■3 fl 9 I I 'HI |T M S fc, I I J fe. fl 9 I 1 I Hfeh Bf67 words
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Advertisement18 2006-09-22 2 j." i ij v v ~'t•' v .'.v' v v >■' 1 k ■>** H «ev. v V;v HRr iS18 words
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Advertisement14 2006-09-22 3 H i I H I 5, ~t s f y.\ ..J s r *,v'14 words
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Advertisement20 2006-09-22 4 T < V' L' ,V ?fci l&tf- < v f -'Vj! c ir'- v i, v •v s 'TJ j;/ ..>•'. l .JT-.-*20 words
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Article, Illustration812 2006-09-22 1 SIOW LI SEN - 3 candidates interviewed after extensive global search By SIOW LI SEN [SINGAPORE] Singapore Telecommunications (SingTel) yesterday said it would promote Chua Sock Koong as its next group chief executive, to follow on from the 12-year stewardship of Lee Hsien Yang. Ms Chua, whoAFP - 812 words
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Article131 2006-09-22 1 D 5ll w (+6.84) ST INDEX FUTURES (+7.00) siMsa ***** (+1.07) SIMSa FUTURES 304*0 (+2.10) MARKETS Thursday Changs KLSECOMP 966.08 +M6 NIKKEI 225 15.834.23 +115.56 HANG SENG 17.619.97 +107.01 SETtNPEX 692.57 -9.99 JAKARTA COMP 1.***** +28.06 MANILA COMP 2.557J1 +44.45 SEOUL COMP 1.366.79 +0.35 SHENZHEN B 311.29 +<.79131 words
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600 2006-09-22 1 OUR CORRESPONDENT in Bangkok, CONRAD TAN in Singapore - By OUR CORRESPONDENT in Bangkok, CONRAD TAN in Singapore THAILAND'S equity market open yesterday for the first time since the armed forces wrested control of the country from billionaire former prime minister Thaksin Shinawatra on Tuesday shrugged off the military coup.600 words
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Advertisement86 2006-09-22 1 CFO INTERVIEW Sincere Watch on keeping /Ajf LIFESTYLE HUBS PROPERTY Pontiac Land buys Ardmore Parte site for $201 m PAGE 3 8 ll I RIG BUILDER TO THE WORLD Choo and chief executive of Keppel Offshore the Raffles Conversation tomorrow >*■' v«L n^HHnHiniHinH^HHnBBiimBnBHnHHHniHBBBHBHHnHHH^ J- tfEW TPJ i^a i^ 'jß/ iJHL-86 words
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Advertisement8 2006-09-22 1 PRIVATE BANKING Ex-Citibank staff face lawsuit PAGE 108 words
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TOP STORIES
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Article430 2006-09-22 2 Pontiac Land Group buys Pin Tjoe Court for $201 m PONTIAC l.and Group has made its first residential land acquisition in Singapore in at least a decade, setting a new record in the process. It bought the freehold Pin Tjoe Court at Ardmore Park through a collective sale430 words
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Article42 2006-09-22 2 IN "More passenger car COEs for next six months" (BT, Sept 21), we said that the Land Transport Authority's mid-quota-year review would add 8,250 COEs over the next six months. The correct number is 8,520. We are sorry for the error.42 words
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789 2006-09-22 2 ANDREW MARKS - US INTEREST RATES Issue is whether it will accept consistently above-target core inflation rates By ANDREW MARKS in New York AFTER two years of regular increases of 25 basis points in short-term interest rates by the US central bank's789 words
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Article, Illustration702 2006-09-22 2 LESLIE YEE - Unique platform for local banks to network By LESLIE YEE [StN&APdEElSiiiSitp ore's bankets were flat out attending client meetings, seminars and cocktail receptions during Singapore 2006 and say all the networking, exchange 01 ideas, and wining and dining could lead to concrete results702 words
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Article, Illustration701 2006-09-22 3 KALPANA RASHIWALA - Its bid of $1,358 psf ppr including DC sets new record for residential land By KALPANA RASHIWALA [SINGAPORE] In its first residential land acquisition here in at least a decade. Pontiac Land Group has bought the freehold Pin Tjoe Court at701 words
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648 2006-09-22 3 KALPANA RASHIWALA - Tenants may retain current premises despite ORQ move By KALPANA RASHIWALA [SINGAPORE] The tight office supply situation building up here over the next three years may turn out to be more acute than envisaged, as major tenants like ÜBS and Deutsche Bank, moving648 words
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Advertisement74 2006-09-22 2 people Black belts wanted. aww thepeopleatwork.com Asia Pacific Executive Search W i W I dS9^^l j^ a jHu k Br, vlfe. Sai s i mww~p I -*«^H| jMßfcf ijt^jj'f'g.. _jll Hi 8a C? XiiffHil ML mpMMMHHji Far East Hotels unveil refurbished Executive Rooms sHHIJ^CIKr in 5 convenient locations. Visit www.iareasthotels.com.sg74 words
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Advertisement129 2006-09-22 3 1 1 Mn^BHHMBHpnHMH|' A j^L t y^Bi^^^Sk 1 DUBAI I|||T >»"»*» 1® t Hours of the world perpetual calendar ■TO yT<? rU ~-rj? T >.r,v.-f v*»v J&-}' Pink gold case, GIRARD-PERREGAUX self-winding mechanical movement, sapphire back > -t. ,-v VJ GP I GIRARD-PERREGAUX I A MANUFACTURE DE HAUTE HORLOGERIE DEPUIS129 words
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COMPANY NEWS
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Article, Illustration496 2006-09-22 4 MATTHEW PHAN - Trading off to muted start, with 32,800 units done By MATTHEW PHAN THE world's first exchange-traded fund built on a portfolio of South-east Asian stocks the FTSE/Asean 40 ETF started trading on the SGX yesterday. The opening price was set at US$6.5O, orAP - 496 words
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313 2006-09-22 4 LESLIE YEE - Payout linked to performance of fund managers By LESLIE YEE OCBC Bank and Schroder Investment Management (Singapore) yesterday announced the launch of a fund that allows retail investors to benefit from the performance of fund managers while remaining relatively unaffected by market volatility. With313 words
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Article735 2006-09-22 4 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY ASK any investor relations (IR) practitioner to go on the record about the Singapore Exchange's intention to set up an IR association to be known as SIRA (Singapore Investor Relations Association), and you'll get positive responses like, "we welcome735 words
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395 2006-09-22 5 RONNIE LIM - The deal for a new self-propelled jack-up rig is its biggest so far By RONNIE LIM INDONESIAN tycoon Kris Wiluan's KS Energy Services has won its biggest contract so far a U*****.5 million, five-year charter of a new selfpropelled jack-up rig to a Central American395 words
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Article, Illustration304 2006-09-22 5 CHEN HUIFEN - By CHEN HUIFEN ROBINSON and Co is set to see some board changes next month, following the completion of a share sale from OCBC Bank to an Auric Pacific Group subsidiary earlier. Stephen Riady, a director of Auric Pacific and deputy chairman of304 words
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225 2006-09-22 5 ROLAND LIM - By ROLAND LIM TREK 2000 International yesterday said it has obtained patent approvals in China and India for some of its portable flash memory products, as well as registered its Thumb Drive trademark in both countries. Henn Tann, Trek 2000's chief executive said in225 words
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579 2006-09-22 6 CHEN HUIFEN - Move to strengthen foothold in Malaysian healthcare market By CHEN HUIFEN SESDAQ-LISTED Health Management International (HMI) has entered into agreements to acquire full ownership of Malaysia's Premier Health Corporation (M) Sdn Bhd (PHCM) for about RM18.5 million (SsB million). PHCM owns a new579 words
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247 2006-09-22 6 CERTAIN shareholders of ITE Electric Co Ltd are in discussions to sell a significant stake in the company, ITE told the Singapore Exchange yesterday. ITE, which requested a trading halt at 11.15 am yesterday to make the announcement, was reacting after a sharp247 words
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131 2006-09-22 6 GREAT Eastern Life is beefing up its team with the appointment of Hauw-Quek Soo Hoon as senior managing director (established markets). Mrs Hauw, previously executive director at the Monetary Authority of Singapore's insurance supervision department, is the latest of a series of131 words
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COMPANY BRIEFS
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Article68 2006-09-22 6 FTSE Xinhua Index (FXI) has reassured the financial community that there will be no disruption to the calculation of its indexes, in particular the FXI China A5O index. In a letter dated Sept 20 to the Singapore Exchange, it said: "FXI believes that the legal68 words
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71 2006-09-22 6 PCA Technology has warned that turnover and net profit for the first half will be lower due to lower orders by certain key customers of the group. Coupled with the cost of its consolidation exercise and the set-up cost of its new Penang plant, the71 words
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37 2006-09-22 6 SUNRIGHT Ltd reported a 33 per cent rise in net profit to $5.42 million for the financial year ended July 2006. Turnover rose by 4 per cent to $136.9 million.37 words
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22 2006-09-22 6 PAN-United Marine (PUM) has won from Frontier Drilling (Asia) a $25 million contract to re-activate a drillship.22 words
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69 2006-09-22 6 Bloomberg SINGAPORE Aircraft Leasing Enterprise, a unit of Singapore Airlines, may raise as much as l)S$l billion selling securities backed by planes, the first such sale in Asia, to help pay for its fleet expansion. It may sell bonds through a trust, CEOBloomberg - 69 words
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35 2006-09-22 6 BEYONICS Technology reported a one per cent rise in revenue to $1.04 billion for its financial year ended July 31,2006. Net profit dipped 0.2 per cent to $26.6 million.35 words
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20 2006-09-22 6 SC Global Developments has completed its share placement exercise, raising gross proceeds of $46.8 million.20 words
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Article4839 2006-09-22 6 UNIT TRUSTS FUNDS AB Amer Income B USD 85* AS Am Income A EUR 6 76/ AB Amei Income B EUR 6.7tl ASN Amro Ami Mgt (Sport) ABEurop Income Opp AT SGD.. 15.12/ St* Europe Eqty!" 0.96# ABEurop Income Opp BT SGO 15.11/ Sttr Eiaepe Bond 1.197/ AC Cuop Income4,839 words
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Advertisement238 2006-09-22 5 SUNDAY 24 SEPTEMBER 06 9 REGENT HOTEL TangKn Room, L 2 9 H Viewing: 10am to 2pm I Auction: 2pm (sharp) onwards t j> i S !<r t' Our unrivalled range of markets includes thousands of individual shares, plus FX and global stock indices. fA "5 CI 1 Q Opening238 words
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Advertisement33 2006-09-22 6 W, You can now use your CPF savings to invest in AllianzGI Global Allianz (jfi) I Hiqh Payout Fund. Visit our appointed distributors for more details. Global |nve5tors J (tnnp.iny regn no 1**990/169/ ■■>***33 words
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Advertisement236 2006-09-22 7 Professional Professional Portable Ultra Portable LCD Nhm Theatre Projector Multimedia Peal XGA LCD Projector Multimedia Real XGA LCD Projector Multimedia ReaIXGA LCD Projector Multimedia HeaIXGALCO Projector PLV-24 ffjggl PLC-XF46 *****1 m PLC-XF6QA!«SOOIm PLC-XPS7LUSOOJmJ PLC-XU4B L3OWMJ High resolution 16:9 wide LCD panels •High contrast ratio 1300:1 •High contrast ratio 1300:1 High236 words
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SINGAPORE MARKETS
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Article, Illustration529 2006-09-22 8 R SIVANITHY - STOCKS Straits Times Index puts on only 6.84 points even with robust gains in Japan and Hong Kong R SIVANITHY Senior Correspondent IT WAS a surprisingly featureless day for the local stock market yesterday, despite a firm Wednesday session for Wall Street after the USSource: Bloomberg - 529 words
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Article, Illustration972 2006-09-22 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Sep 21 and eaHier) SubuntUI No Of Price SHAREHOLDING Trans Shareholder/ Buy I Sham Par Before After Stock Pate Director Sell '000 Shr POOO) COOP) J Fragrance Grp 21-Sep-06 UmWanLooi *Buy 39 na *****1 72.33 *****0 72.35 > Fragrance Grp 21-Sep-06972 words
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Article, Illustration985 2006-09-22 8 MATTHEW PHAN - Compiled by MATTHEW PHAN Cosco Corporation (S'pore) Sept 21 dose: 551.66 ÜBS INVESTMENT RESEARCH, S«pt 19 COSCO has won a US$l2O million order for offshore drilling and production hull. The contract for the drill ship hull Is from MPF Corp and will be carried out at Cosco's Dalian shipyard.Source: Bloomberg - 985 words
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Article, Illustration533 2006-09-22 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar had another rough session in Asian currency trading yesterday, after the US central bank's interest rate committee kept US interest rates unchanged at 5.25 per cent and. more Importantly, issued a post-meeting statement whichSource: Reuters - 533 words
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THE CFO INTERVIEW
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1255 2006-09-22 9 SIOW LI SEN - Look beyond national statistics to grow the luxury watch trade, Sincere Watch's CFO tells SIOW LI SEN SIOW LI SEN SINCERE Watch, a 50-year-old Singapore company only listed its Hong Kong unit in October last year on the Hong Kong Stock Exchange,1,255 words
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Article, Illustration116 2006-09-22 9 AN ACCOUNTANCY graduate from the University of Singapore, Soh Gim Teik, 51 started his career as an auditor for PriceWaterhouse, then set up his own audit firm in 1982. He was asked to join Sincere 13 years ago by the company's group managing director Tay Liam116 words
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Advertisement42 2006-09-22 9 HITACHI I r i *> > i r t I Ni k I i I i 1 11 u' W< >i M s I 11 si .V *****2V IMiism;!. Pictureun i\ ,080Hr>At,s 'MasterrlU anrr t hi m •\«i mm ji" >m» i i-n rr<42 words
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SINGAPORE NEWS
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Article432 2006-09-22 10 GENEVIEVE CUA - LEGAL MATTERS Move comes against backdrop of industry battle for private bankers By GENEVIEVE CUA CITIBANK is taking legal action against seven former relationship managers (RMs) for allegedly taking proprietary information believed to include data of high net worth clients. The RMs, believed to be former432 words
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435 2006-09-22 10 WEE LI-EN - Firms can pursue transactions with more confidence Reports by WEE LI-EN A COMMERCIALLY practical approach to "financial assistance" has been taken by the courts in a recent case involving Chinese companies, consistent with the line taken in the Lew Syn Pau case.435 words
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251 2006-09-22 10 LEADING international law firm Freshfields Bruckhaus Deringer will transfer its Singapore practice to Hong Kong by April 30 next year. The firm, which has had an office in Singapore since 1980 and started a joint venture (JV) with Drew Napier in October251 words
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323 2006-09-22 10 OH BOON PING - It says it can also serve as a dispute mediation centre By OH BOON PING SINGAPORE can share its experience to help other Asian countries finance their infrastructure building, while itself being a centre for financing and dispute mediation, says the323 words
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Article, Illustration519 2006-09-22 10 UMA SHANKARI - By UMA SHANKARI RELEASING its first economic forecast in three years, the Nanyang Technological University said yesterday that Singapore's economy is expected to grow by 7.5 per cent this year—at the higher end of the government's forecast of 6.5-7.5 per centBLOOMBERG - 519 words
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359 2006-09-22 10 MATTHEW PHAN - It'll be university's first such venture with an MNC By MATTHEW PHAN GE Water and Process Technologies, a division of US giant General Electric, yesterday signed an agreement to set up a research centre dedicated to water technology at359 words
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Advertisement11 2006-09-22 10 HHIH I jr i JriMHHo. rH^| ■v.ii.... The Business Times JD11 words
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ECONOMY WATCH
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Article, Illustration899 2006-09-22 11 It says inflation risk has diminished, highlights housing slowdown NYT [WASHINGTON] The Federal Reserve's policy makers voted on Wednesday to keep interest rates unchanged, committing themselves for the second time in six weeks to the proposition that the slowing economy will eventually damp aNYT; REUTERS - 899 words
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Article870 2006-09-22 11 Bloomberg [WASHINGTON] The United States current-account deficit widened more than forecast last quarter to the second-largest on record as the trade gap expanded and more interest was paid to overseas investors, a government report showed. The U*****.4 billion shortfall in the current account, the broadestBloomberg - 870 words
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Advertisement586 2006-09-22 11 FREEHOLD RESIDENTIAL LAND IN DISTRICT 10 FOR SALE BY TENDER Off Coronation Road West pry hh Elevated land with 2vs storey bungalow with J a basement carpark thereon V. c—. AT": 22,058 sf Jf W C«»en»^s ct /jf *J* *-«eiTT In-Principle approval granted for 8 strata r -id f detached586 words
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Advertisement816 2006-09-22 11 LAND BANK OF TAIWAN Singapore Branch (tha "Buyer") Intend• to Invito tenders for the purchase of AML(AntI-Money Laundering) Product for Its business use. Interested sales person/dealers are invited to apply for the tender of the above purchase. Tandar application forms are obtainable from: Land Bank of Taiwan, Singapore Branch 80816 words
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Advertisement549 2006-09-22 11 IN THC MATTER OP THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OP ADO FAR EAST PTE LTD (Registration Ne. *****2366G) I lot u 1 \/r»L lUi i jl e 1 W^wlwWnvnj NOTICE OP RESOLUTIONS [Pwrwant la Section 290(2)(b)] At an Extraordinary General Meeting of the Company held at549 words
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MALAYSIA/INDONESIA
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419 2006-09-22 12 Move to head off CBOT-SGX plan to launch such futures around year-end Reuters [RKlJlNG] Bursa Malaysia is considering launching a dollar-denominated palm oil futures contract as early as next year, to head ofT potential competition from a rival backed by the Chicago Board ofReuters - 419 words
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182 2006-09-22 12 Bloomberg IJAKARTAJ Bank Indonesia delayed by two years the implementation of rules that will prevent investors from owning stakes in more than one commercial lender. The move may allow Khazanah Nasional Bhd and Temasek Holdings to adjust their investments. Bank Indonesia extended theBloomberg - 182 words
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Article, Illustration419 2006-09-22 12 Reuters IPUTRAJAYAI Malaysia yesterday revived prospects of creating an electricity exchange to inject more competition into its subsidy-riddled power sector. However, setting one up is unlikely to be smooth sailing. Energy Minister Lim Keng Yaik. who is working on a plan to make theReuters - 419 words
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Advertisement393 2006-09-22 12 Diners Club Card r.w* «./?64i***** Miff aMH| A WorlJ of Exclusive Privileges Treats 4 Diners Club wwuxJmers.com.sg International YOUR CHOICE OF THREE DINING OPTIONS... gfj ni LJtAs^fi; fcjipyj m 111 mm m>. 9 IWU WfTl* i-J mum ...with the convenience of complimentary valet parking. MARIN A, MANDARIN Enjoy free valet393 words
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GREATER CHINA/INDIA
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210 2006-09-22 13 AFP [BEIJING] Chinese polite have busted a "cult-like" pyramid sales scam involving up to 500,000 people that amassed two billion yuan (*****.8 million), state press reported yesterday. The scheme, which began by selling women's make-up", was masterminded by a 30-year-old postdoctoral student whoAFP - 210 words
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Article, Illustration577 2006-09-22 13 JANE MOIR - Initial deposit paid by Francis Leung had been advanced by Li Ka-shing By JANE MOIR in Hona Kona NEWS that Li Ka-shing bankrolled his son's exit from PCCW has stoked concerns over the tycoon's ultimate role in the highly politicised deal.HK ECONOMIC TIMES - 577 words
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BRIEFLY ASIA
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55 2006-09-22 13 Reuters [NEW DELHI] IBM said yesterday it will take in up to 3,000 new staff in the eastern Indian city of Kolkata to meet robust demand for outsourcing. The new centre in Kolkata, an emerging IT hub, will provide application developmentReuters - 55 words
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79 2006-09-22 13 AFP [BEIJING] China National Offshore Oil Corp (CNOOC) has finalised a deal to supply the nation's southeast with 2.6 million tonnes of liquefied natural gas annually over 25 years. CNOOC inked the deal on Wednesday to source the LNG from Indonesia's Tangguh gasAFP - 79 words
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59 2006-09-22 13 Bloomberg [JAKABTA] Indonesian telephone operator PT Indosat, which is 41 per cent owned by Sing Tel, will offer high-speed third-generation wireless services at the end of November. The service will be available in Jakarta, and the company will expand coverage to Indonesia's second-biggest cityBloomberg - 59 words
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60 2006-09-22 13 Reuters [JIMBARAN] The Indonesian government will sell its remaining shares of PT Bank Internasional Indonesia (BII) this year. The government, through the state-owned asset management company PPA, currently owns a 5.33 per cent stake in Indonesia's sixth largest lender, 811. TemasekReuters - 60 words
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54 2006-09-22 13 Bloomberg [MUMBAI] India said yesterday it may allow real-estate investment trusts (Reits) to invest in the nation's property industry, which has been among the last to be freed from ownership curbs. Reits will give international investors a familiar vehicle to invest inBloomberg - 54 words
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245 2006-09-22 13 Ping An to pump 10b yuan in Wuhan-Guangzhou project Reuters [SHANGHAI] Ping An Insurance (Group) Co, China's second-largest life insurer, has won government approval to invest about 10 billion yuan (Ss2 billion) in one of China's major railway projects, industry sources said yesterday.Reuters - 245 words
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Advertisement179 2006-09-22 13 j, n*r 1 -ip ■hhmhhmhbkK' 3 8i7?Z71 m «fj 1 I-w i i 4 jri .-a %#siil^Kt* BBHiBHBflBBIIBBMfllBBfllB^ l^B8EB&5 a flSvi^m* '^mhh| jßpP jB |§||§b wb** I/■[ W m I rf I I I*II sfg/></roW7/»>i^A/a^o fliBßß 1 t 'LjIIIIL. J ™snwISTIMB l SMS "sphnews" to ***** #S^S I *i« t»«i179 words
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ASIA-PACIFIC/WORLD
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497 2006-09-22 14 LATEST US DATA Drop is its 4th in last five months, signalling modest growth Reuters. Bloomberg [WASHINGTON] A key forecasting gauge for the US economy fell in August to its lowest level in nearly a year, suggesting that modest growth awaits the economy intoReuters.; Bloomberg - 497 words
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Article, Illustration47 2006-09-22 14 [NEW YORK] Tang Zhigang's 'Children in Meeting 'from 1999 was part of Sotheby's New York auction of contemporary Asian art. which tallied a record US$lB.2 million on Wednesday, topping the company's first New York Asian contemporary sale held in March by US$5 million BLOOMBERGBLOOMBERG - 47 words
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343 2006-09-22 14 Bloomberg [FRANKFURT] German drug maker Merck KGaA yesterday unveiled a surprise 16.6 billion Swiss franc (Ss2l billion) deal to buy Swiss biotech firm Serono, creating a new force in European pharmaceuticals. Merck, which earlier this year failed in its bidBloomberg - 343 words
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Article2319 2006-09-22 14 vol General Corp .0.58 0.01 221 Sep 21 KM *1- COOP) Genting .23.70 0.40 1512 George Kent .0.51 unch 33 ASM Realty 1.41 unch 0 GHL Systems 0.23 -0.D1 400 Abric .0.31 unch 1 Globetronics Tech 0.31 0.01 1311 ACP Industries....: 0.92 -0.01 151 GlomacBhd 1.02 unch 1182,319 words
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WORLD WATCH
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73 2006-09-22 14 Bloomberg [NEW YORK] 3M Co, Goldman Sachs and San Diego County's retirement fund say the meltdown of Amaranth Advisors LLC, the hedge-fund manager that lost about US$4.6 billion in the past month, may cost them millions. The US$9.2 billion pension fund of 3M gaveBloomberg - 73 words
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53 2006-09-22 14 Reuters [MOSCOW] Russia's government switched the focus of its attack on huge foreign-led energy projects to Exxon Mobil's Sakhalin-1 oil scheme yesterday, saying it would forbid a US$4.2 billion overspend that cut Moscow's profits. Moscow has already taken aim at Royal Dutch Shell's massivelyReuters - 53 words
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58 2006-09-22 14 Reuters [WASHINGTON] President George W Bush said on Wednesday that if he had firm intelligence that Osama bin Laden was in Pakistan, he would issue the order to go into that country after the Al-Qaeda leader. Pakistani President Pervez Musharraf responded immediately, sayingReuters - 58 words
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52 2006-09-22 14 Reuters [BRUSSELS] Adobe Systems and Symantec are asking the European Commission to take action against Microsoft's new Vista operating system, the Wall Street Journal reported yesterday. Adobe says Microsoft should be banned from incorporating free competing software for reading and creating electronic documentsReuters - 52 words
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473 2006-09-22 14 Reuters (LONDON] Major world stock markets will extend this year's gains into 2007 after rebounding from May's commodity-driven selloff, although worries about a softening US economy are subduing the bulls, Reuters polls showed on Wednesday. Forecasts from more than 100 equity strategistsReuters - 473 words
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453 2006-09-22 14 Reuters [SHANGHAI] Top retailers in China and South Korea have cleared luxury skincare and whitening creams made by Procter Gamble (P&G) from their shelves as authorities check for potentially harmful chemicals. A consumer scare over the upmarket SK-II lotions began inReuters - 453 words
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AVIATION
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Article, Illustration653 2006-09-22 15 VEN SREENIVASAN - Prospect of shutdown in transatlantic air travel a real possibility By VEN SREENIVASAN ISINGAPORF) The transatlantic travel plans of some 105.000 passengers a day face disruption unless authorities in the European Union and the United States agree on a new deal onFill PHOTO - 653 words
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330 2006-09-22 15 Bloomberg (NEW DELHI] South Korean companies should increase investment in India where labour is cheaper and there are opportunities to build roads, ports and airports, said India's Finance Minister Palaniappan Chidambaram. "The infrastructure shortage in India represents an excellent opportunity forBloomberg - 330 words
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557 2006-09-22 15 SIA says it is waiting for details of A380delay from Airbus AFP. Bloomberg. AP (LONDON) Airbus, facing new delays with its A3BO superjumbo airliner, is working on plans to shed jobs and cut costs across its business by 2 billion eurosAFP.; Bloomberg.; AP - 557 words
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245 2006-09-22 15 Bloomberg [HONG KONG] Airport Authority Hong Kong, operator of Asia's third-busiest airfield, will add a second hangar for business aircraft as Asia's economic growth increases demand for private jets. Hong Kong Business Aviation Centre Ltd will spend HK$lOO million (5520.5 million) toBloomberg - 245 words
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397 2006-09-22 15 AFP [LONDON] Britain said yesterday that it would relax hand luggage restrictions in place at airports since Aug 10 following an alleged terror plot, but would maintain a ban on taking liquids on board aircraft. The changes take effect from today, the Department for TransportAFP - 397 words
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Article, Illustration415 2006-09-22 15 Bloomberg [HONG KONG] Beijing Capital International Airport Co, which manages China's busiest airfield, says it has revised its expansion plans to handle 76 per cent more passengers as traffic demand in the city grows. Changes to the design of a new third terminal will boostBloomberg; BLOOMBERG - 415 words
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421 2006-09-22 15 Bloomberg [DALLAS] FedEx Corp. the world's largest cargo airline, said its fiscal firstquarter profit rose 40 per cent on rising exports from China and expanding economies. Net income increased to US$475 million, the company said in a statement yesterday, or US$l.53 a share.Bloomberg - 421 words
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SHIPPING
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Article, Illustration425 2006-09-22 16 But the oil tanker sector will remain in tight supply, says another analyst Reuters [HAMBURG] Large numbers of new container ship deliveries are likely to cause substantial over-sup-ply in key shipping markets in 2006 but the oil tanker sector will remain in tightReuters; AFP - 425 words
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461 2006-09-22 16 Bloomberg [HONGKONG] China Merchants Holdings (International) Co, which has stakes in the country's five biggest ports, said first-half profit rose 3.8 per cent, after it invested in Shanghai's port operator. Net income rose to HK$l.2l billion (***** million) from HK$l.l6 billion a year earlier,Bloomberg - 461 words
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358 2006-09-22 16 Bloomberg [HONGKONG] China's Guangdong province, which has the largest economy in the country, will spend 290 billion yuan (SssB billion) expanding its roads and ports, as it seeks to win to further investment from overseas companies. The investment in roads, totalling 200 billionBloomberg - 358 words
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Article291 2006-09-22 16 mmw. ->mmm, ooo Sap 21 S W- Vol CH Offshore j038 0.01 67 Oman Hup -..0.32 unch 746 CoscoCornoration 1.66 OjOI 777S CWT Distribution .0.60 unch S4 EzraHklgs 334 0.01 227 Freight unks 336 unch 330 Grand Banks Yad* .0.85 unch 0 Java Holdings 1.41 0.03 1511 K1291 words
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777 2006-09-22 16 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR T HE Court of Appeal of New Zealand recently rejected the appeal of an athlete against a ruling that Yachting New Zealand could limit its liability to the athlete under the 1976 London Convention on Limitation of777 words
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Page 16 Advertisements
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Advertisement78 2006-09-22 16 INVITATION TO OFFER 1997 HAWKER 800XP Serial *****8 Owned and operated by the Queensland Government since new. Current time 4173.7 hrs 3133 landings U557,850,000* (plus Goods and Services Tax if applicable) For information, specifications, terms and conditions of the Invitation to Offer contact Frank Lautenbach. Phone: (07) 3898 9500 or78 words
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COUP IN THAILAND
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506 2006-09-22 17 MATTHEW PHAN - On the whole, change is positive for Thailand, say investment analysts By MATTHEW PHAN [SINGAPORE! Regional markets have shown signs of stability despite the military coup in Thailand. Tharman Shanmugaratnam*. Second Minister for Finance and board member of the Monetary Authority of Singapore, said506 words
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Article, Illustration350 2006-09-22 17 Potential candidates for interim prime minister's post Source: Reuters PRIDIYATHORN DEVAKULA Ihe respected central bank governor is hot favourite even though he denied reports on his return from an IMF/World Bank conference in Singapore that the army had already approached him with an offer. Head of theSource: Reuters - 350 words
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375 2006-09-22 17 JEAN CHUA - By JEAN CHUA (SINGAPORE) Singapore will continue to support Thailand's former deputy prime minister Surakiart Sathirathai as the Asean candidate for the top job at the United Nations. Singapore Foreign Minister George Yeo said yesterday. Mr Yeo. in New York to attend the375 words
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Article, Illustration788 2006-09-22 17 Fundamentals stronger than in 1997, say analysts Bloomberg, AFP [BANGKOK] Thailand's record reserves, and an economy that's stronger than before the 1997-98 crisis, mean it may withstand another delay in elections after this week's coup. "The fundamentals in Thailand are significantly stronger nowBloomberg,; AFP; REUTERS - 788 words
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424 2006-09-22 17 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] As residents of Bangkok take stock of events, many are understandably a touch wary. "We wouldn't doubt clients and investors are evaluating current projects in light of the coup," said Chris Flannery, who moved to Bangkok three years ago424 words
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193 2006-09-22 17 It will serve all domestic and international flights Bloomberg [BANGKOK] Bangkok's new airport will open on schedule this month after the military pledged it would not be delayed because of a coup, said an official from Airports of Thailand pic, which runsBloomberg - 193 words
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EDITORIAL & OPINION
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Article513 2006-09-22 18 EDITORIAL AS a centre for private wealth management, Singapore is in the right place at the right time. Global wealth has burgeoned in recent years, with Asia as its epicentre. According to Merrill Lynch and Cap Gemini, a quarter of the world's high net worth individuals about513 words
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Article, Illustration957 2006-09-22 18 ANDY MUKHERJEE - With investors looking sanguine, it is only fair to ask if another round of risk aversion is near ANDY MUKHERJEE THE more superstitious among emerging-market investors won't miss the coincidence. The army coup in Thailand took place just as the International Monetary FundREUTERS - 957 words
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Article, Illustration785 2006-09-22 18 FRANK CHING - THE BOTTOM LINE FRANK CHING ONCE again. China is in the news for attempting to tighten its control on the foreign media, with the official Xinhua News Agency announcing that, effective immediately, all foreign news agencies will have to submit to censorship in the dissemination785 words
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Article, Illustration1556 2006-09-22 19 LEON HADAR - As Bush supporters see it, they need to 'do something' to 'correct' the balance of power which is shifting in favour of Iran LEON HADAR Washington Correspondent WOULD US President George W Bush and Iran's President Mahmoud Ahmadinejad run into each other by chance during theirCREDIT - 1,556 words
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113 2006-09-22 19 Elaine Heng - Elaine Heng General Manager Mortgages and Auto Standard Chartered Bank I REFER to the letter, "Stanchart loan that went seriously sour", by Wilfred Ng (Mailbag, Sept 8). The bank would like to clarify that mortgage interest rates are revised in line with the market.113 words
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133 2006-09-22 19 Choo Lee See - Choo Lee See Director Public Service Commission Secretariat Public Service Commission IN his letter, "How many foreigners get scholarships here?" (BT, Sept 21), Leong Sze Hian noted from media reports that the Public Service Commission (PSC) had reduced its scholarships from 253 to 39.133 words
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Article183 2006-09-22 19 Denis Distant Singapore - LETTERS TO THE EDITOR Denis Distant Singapore WHY is it that most takeover bids in other countries come at a price which is at a healthy premium to the current market price, but in Singapore bids often are mandatory in nature due to SGX183 words
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Page 19 Advertisements
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Advertisement102 2006-09-22 19 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,1000Toa 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 laws. We102 words
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Advertisement179 2006-09-22 19 MISS INDIA? [Exclusive launch of w i rld! Condominium] Session 1 Friday, 22nd September 2006 Time 4pm 7pm Session 2 Saturday, 23rd September 2006 Time: 1 Ipm -4pm Venue Grand Plaza Hotel,(Connaught Rm)Coleman Street v. v WORLD 1 at Chandigarh —at only 3 hours by road from New Delhi,designed by179 words
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Advertisement385 2006-09-22 19 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF NESS DISPLAY SINGAPORE PTE. LTD. (IN CREDITORS' VOLUNTARY LIQUIDATION) Co. Rag, No. *****3302 C Extract of the minutes ot the Extraordinary General Meeting of members of Ness Display Singapore Pie. Ltd. convened and held at Equity385 words
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Article10171 2006-09-22 20 SGX MAINBOARD Transaction date: Sep 21 U«k Ttf LKt V* Da* MOM Dt» CftM MM MUa L— Cm*» fi ni M« r— W tw» 8*>cr W» Cw W %mi 4 1 VH HI So«r~»» 2 5 uncti SO 2 5 25 2 5 1 10' 115 i H4B10,171 words
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Article6017 2006-09-22 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES Mi toe* cvr in U In USt %dy *y» dy yr dy %y Sap tC iwtei Change Ch«nq« Chjnqt Ch«ng« Chnnge Change The World lnde»P«8nwwy 1019,6 05 SJ i.l M 83 1IAK Prefcw—y ***** 03 4* 03 5a 03 10.9 Europe PrelKmiary *****6,017 words
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Page 22 Advertisements
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Advertisement1594 2006-09-22 22 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TIB/NAN HANJIN PENANG lAX/VCW/MZL STX PO TBN CAM/NFK/NOl/SAV Loads Singapore. E./W. Malays,o, Indonesia E/W Malaysia, Indonwia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN ADOU STAR JDH/AQA Loods Singapore, E./W. Maloyiio, Indonesia Loods1,594 words
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Advertisement531 2006-09-22 22 [iNTMASIA RORO SMVICI wssm/yot aamukt) manm m km to an mt OROROOWSSJA SO 4.S 71/W STummrue it/M is ocio 0//10 |sTUfftYnmj«ni/o* is 1? ts/io 31/10 03/11 os/11 SS/vc? 11 1 ta I stb 1 mm «t |1 1a DKSXN/S4 100 SO OUO/Dt 1717/99 l»l»04 71 71/0* 74 74/W OSOS/IO 01-01/10531 words
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Advertisement1485 2006-09-22 23 WAN HAIINVERNATIONAL PIE LID at NO: 1U*****000/R IrrrA lUMII Mil lllirf TtL*****588 (14 LINES) FAX: *****163 W\\MNIA|AM HAI I lNr\ Custom* Servfa/Booktags Direct Ll* -(1800)*****200 V V Vfnll fclllte# HQ. TH:(03)J346U1tHUL(03)*****288UN18:(04)*****00FAX:(04)*****99 V JOHTH: (07) *****23 FAX-(07)*****21 SUt TH: (031) *****75 FU (031) *****14/*****05 www wnnhni com <a JKTIH:(O2I)S2S4ISSMX:(O2I)S2S47SSPtMTH:7IMIO/71*W1 NUL7IU79 www.Wßnnni.tom.ig1,485 words
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Advertisement1132 2006-09-22 23 r*n EASTERN CAR LINER, LTD W I I SPECIALIZE IN RORO HEAVY UFT UPTO 450 TDHS~| IMTHA-ASIA SERVICE VOY Ro-f Ltfttag SIN TPP PKL(N) PRL(W) PNN JKT SUI LCI MIR I ITU I INCHON PCWIPAKWATI 11 50 23/09 25/01 -20/W 30/01 OKIEKT IRIS M 35 80 W 20/01 30/01 "WTO"1,132 words
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Advertisement862 2006-09-22 23 m soasa* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VKSfI VOT SIN PJOANG COLOMBO N. SHEVA COLOMBO KOTA PEIWIHA YPWO9I ?0 SEP OMIT 24 SEP 27 StP 01OCT INDIRA GAMDHI 0107W 26 SEP 27 SEP 30 SEP 03 00 07 On UU.IAHAPUIt 0106E 26SEP862 words
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Advertisement762 2006-09-22 24 mfc. I |A ry. I let6s-*****907Fax:*****917 Nordana (Asia) Pte Ltd hmtnonkMu®****™*™ 70 ShMton Way, #21-03 Marina House Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VESSEL VOT Sboncofe Frewlfe Cotos kfaad Orlstwos Idoad PorirGedow Island Emtbs 1E607 l_ _J 13Sw 16762 words
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Advertisement638 2006-09-22 24 vessel m aa, m as— KL_— ALAMJAYA 2 9025N ***** 2170? MCNKM 9345 24/09 27/09 mum iimh fflfo ii/w mhwtah i/ o m/ c mean 9555s Ji/w munm tot bi/to tttto mum I»m wha H/W fKwna tm I 15/10 ly/ia hs™ —Tm aw -mm ar ™g» 1 181 I Jig638 words
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Advertisement457 2006-09-22 24 CONVENTIONAL SERVICE ETA SIN LOADING FOR 26 SEP CHENNAi 30 SEP DUBAI, DAMMAM 03 OCT CHENNAI. BOMBAY 05 OCT MALE, COLOMBO rmIIORrNAVIGATIONGROUpI I( SINCE 1970 OWNS OPERATES THE YOUNGEST FLEET WITH FOURTEEN 7,000 DWT TWEEN DECKERS I covering THE ENTIRE ASIA PACIFIC PORTS m REGULAR WEEKLY SCRVICIS: a IKAOHSIUNG CHINESE457 words
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THE BUSINESS TIMES SHIPPING TIMES
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6714 2006-09-22 25 This ETA. ETA AdvcrtiMr Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dasfa Name Mam Number Number SIN Desfn Nan Name Number Number 25/12 13/01 Austral AL CAPE HASTINGS 04F6 *****333 To ABIDJAN (ABJ) 2003 Cote D'lvoire 04/10 07/11 Delmas DEIMAS CAMEROUN6,714 words
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ENTERTAINMENT
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Article, Illustration562 2006-09-22 26 CHEAH UI-HOON - CINEMA By CHEAH UI-HOON LUSCIOUS babes in skimpy bikinis, speedboats and pink flamingoes the title sequence set to Jan Hammer's seminal music pretty much said it all. The '80s TV show Miami Vice might have been flamboyant and over-the-top. Still, in its time,562 words
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Article, Illustration302 2006-09-22 26 PARVATHI NAYAR - DVD By PARVATHI NAYAR FOR those of us who equate Woody Allen with biting comedy, his latest, Match Point, comes as something of a surprise: it has the bite without the comedy. In Match, Chris Wilton (Jonathan RhysMeyers) is a former star tennis player302 words
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Article389 2006-09-22 26 SANGEETHA MADHAVAN - TELEVISION By SANGEETHA MADHAVAN DESPITE the rash of biopics about Elizabeth I in recent years, it seems people can't get enough of the Virgin Queen. The most recent, a Channel 4/HBO production, tries to unmask the mystique surrounding the single woman who never married389 words
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Article, Illustration982 2006-09-22 26 PARVATHI NAYAR - CINEMA DESIGN GV Vivo City, Golden Village's new flagship cinema, will open next month. PARVATHI NAYAR finds out what makes it stand out from the competition PARVATHI NAYAR COME Nov 15, when the man with the renewed licence to kill sweeps into town, he will check into982 words
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Article, Illustration633 2006-09-22 26 MELISSA LWEE - NIGHTSPOT By MELISSA LWEE FANS of local chichi nightspot Attica will be happy to know that their favourite haunt is expanding, but there's just one catch they have to go to Shanghai to check it out. Attica's founder Mikey M S said that the decision633 words
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ARTS
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Article, Illustration770 2006-09-22 27 PARVATHI NAYAR - ART This year's ARTSingapore has lined up an event that should interest collectors who want to become donors. PARVATHI NAYAR finds out more about the talk on arts philanthropy PARVATHI NAYAR #1 ffc. hilanthro- PY isn't al--1 M wa y s about pHgjr giving away cash art can770 words
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366 2006-09-22 27 SANGEETHA MADHAVAN - THEATRE By SANGEETHA MADHAVAN THE Necessary Stage's plays always take on a current "big" issue. Its latest production, Fundamentally Happy, takes on one concerning little people paedophilia. After years of devising scripts, the company stages resident playwright Haresh Sharma's linear text-based play. Social worker Eric (Chua366 words
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Article, Illustration470 2006-09-22 27 PARVATHI NAYAR - THEATRE By PARVATHI NAYAR THEATREWORKS' Ong Keng Sen talked of his new work, Diaspora commissioned by the Singapore 2006 committee as the IMF/World Rank meetings' official cultural event as being more an audio-visual presentation than pure theatre, and it is at that level that470 words
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Page 27 Advertisements
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Advertisement1330 2006-09-22 27 [♦AT? NOTICES ol! free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTE* OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUNWISE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****6434H NOTICE OF RESOLUTIONS A# an Extraordinary General Mealing aI the Company held at Su* 601 6th floor Aon1,330 words
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Advertisement365 2006-09-22 27 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VERTIGO SINGAPORE PTE LTD (Co. Reg. No. *****5100W) (IN CREDfTORS' VOLUNTARY UOUIDATION) At the Extraordinary General Meeting ond Creditors' Meeting or the company held at Unit A 8/F., Block 1, Wah Fung Industrial Centre, 33-39 Kwai365 words
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Page 27 Miscellaneous
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Miscellaneous198 2006-09-22 27 CRYPTIC CROSSWORD ffiusic (8) TjHr'™ 24 Salad that's close trimmed by decree (8) 25 In groups of nine soon to re- (8) YESTERDAY'S SOLUTION turn by railway (6) 14 Tales of continental party Across: 1 Pinstripe, 9 Cornea, 10 leader (9) Placement, 11 Anklet, 12 Direction, 15 There is no198 words
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executive lifestyle
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Article586 2006-09-22 28 jaime ee - off the cuff jaime ee THE IMF-World Bank meeting is over. Hmmm. Looks like we're going to have to find something else to complain about now. It has been an enlightening one-and-a-half weeks. In fact, I have learned several things that I would not have586 words
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Article, Illustration1567 2006-09-22 28 CHEAH UI-HOON - Lifestyle hubs off-the-beaten-track may be the hip thing in Singapore now, but how will they maintain the pull factor? CHEAH UI-HOON finds out if they are just a passing fad or a sustainable business concept CHEAH UI-HOON THOSE who have taken a leisurely drive or strollYEN MENG JIIN/FILE PHOTOS - 1,567 words
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Page 28 Advertisements
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Advertisement7 2006-09-22 28 CINEMA DESIGN J" GVVivocity a class above7 words
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