The Business Times, 27 September 2006

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Microfilm: NL27052
Total Pages: 46
1 46 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES Wth ANNIVERSARY JJ) SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Wednesday, September 27,2006
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  • Article, Illustration
    Lock icon Genting plans US$1b Sentosa theme park
    763 1  -  It expects to draw 5m visitors a year if it wins IR bid By DANIEL BUENAS in Orlando GENTING International, which has partnered Star Cruises and Universal Parks Resorts to bid for the Sentosa integrated resort, plans to build a US$l billion-plus Universal Studios
    763 words
  • Article
    Lock icon S'pore retains 5th spot in ranking of most competitive economies
    656 1  -  US drops from top spot to 6th place in WEF study By NANDE KHIN [SINGAPORE] Singapore has maintained its position as the world's fifth most competitive economy, in an annual ranking released yesterday. The study, by the World Economic Forum
    656 words
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      5 1 NEW LEADER Shinzo Abe, Japan's
      5 words
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      17 1 MOTORING Camry attracting /younger Asian buyers PAGE 19 11l 8 "887 81 *****4 f Markets Digest. Pg
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      215 1 GAMING FEUD W Stanley Ho's sister files new lawsuit PAGE 16 A World of k m ifcfl ij h iv ii ■i I /K^afrv, t on Your Doorstep Introducing a new multi-currency International Mortgage Service: Financing, refinancing* or equity release of residential properties in Great Britain, Spain, France, Portugal, New
      215 words
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      56 1 EXEC MONEY Insurers and policy returns PAGE 30 MARITIME WEEK 2006 S'pore to grow risk management and ship finance sectors PAGE 4 Tanker owners may have to pay for scrapping PAGE 21 if: New IMC award goes to Frank TsaoPAGE2I Don't miss our 14-page Maritime Week *06, a I fecial
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  • TOP STORIES
    • Article
      Lock icon Second industrial park marks new high in Vietnam-S'pore ties
      596 2  -  SembCorp venture draws 28 firms with investment plans worth US$200m By CHUANG PECK MING in Ho Chi Minh City IF THE Vietnam-Singapore Industrial Park (VSIP) is a symbol of the strong economic cooperation between Sin--1 gapore and Vietnam, the partnership was
      596 words
    • Article, Illustration
      Lock icon PM Lee's congratulatory message
      383 2 [SINGAPORE] Singapore's Prime Minister Lee Hsien Loong yesterday congratulated Japanese i Prime Minister Shinzo Abe J on his election, saying that «he looked forward to i working closely with him to J strengthen bilateral ties. "Your appointment i comes at a time of rapid I change
      383 words
    • Article
      Lock icon New PM Abe vows to continue fiscal reforms
      482 2 He also wants a strong army, better ties with China AP. Reuters, AFP [TOKYO] Shinzo Abe easily won election in parliament to become Japan's youngest post-war prime minister yesterday, pledging to plow ahead with economic reform, rein in spending and pursue better
      AP.; Reuters,; AFP  -  482 words
    • Article
      Lock icon Correction
      34 2 IN our report, "Sunrise reports 33% rise in net profit" (BT, Sept 22), the name of the company in the headline should have been Sunright, not Sunrise. We are sorry for the error.
      34 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      492 2 PM Lee: Temasek's decisions are commercial TEMASEK Holdings must all of its investment decisions on commercial factors, says Prime Minister |.ee Hsien Loong, when asked about th« political fallout in Thailand following jts purchase of Shin Corp. "Thi|is a commercial decision, and wf have to operate that way
      492 words
    • Article
      Lock icon PM: Temasek's decisions are commercial
      509 4  -  Investments based on political factors would cause even bigger problems By WONG WEI KONG [SINGAPORE] While Temasek Holdings has to take political risks into account, it must base all of its investment decisions on commercial factors, Prime Minister Lee Hsien Loong said in a recent
      509 words
    • Article
      Lock icon Ex-NKF director among trio to be charged today
      268 4  -  They face corruption charges related to share trading in former e-commerce firm WizOffice By CONRAD TAN [SINGAPORE] Former National Kidney Foundation (NKF) director Matilda Cbua will appear in court today with two others to answer corruption charges related to the trading of
      268 words
    • Article, Illustration
      Lock icon S'pore to grow risk management and ship finance sectors
      607 4  -  MARITIME WEEK 2006 By GEORGE JOSEPH [SINGAPORE] Singapore will step up efforts to nurture the risk management and ship finance sectors so that they can complement the island's role as a global trading and maritime hub. Transport Minister and Second Foreign
      607 words
    • Article
      Lock icon MARKETS DIGEST
      123 4 ST! 2£26.00(+2.11) ST INDEX FUTURES 2.525.00 (+2.00) siMsa 302.13 (+035) SIMSa FUTURES 303.10 (+130) MARKETS Tuesday Chang* KLCOMP 965.66 +022 NIKKEI 225 15.557.45 -76.36 HANG SENG 17.308.08 237.96 SET INDEX 688.63 +1.M MKAKTACOMP 1.500.10 -6.65 MAttiUCOMP 2.544.48 +12.80 SEDmCOMP 1.343.97 -11.24 SHOMHCNB 309.51 -8.16 MUMBAIIND 12,323.00 >149.17 12NOON
      123 words
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      1147 4 Bat Ml i *'f%j "i i I ONIONTECH LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1873E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 168 Robinson Road, *25-01 Capital Tower, Singapore *****2 on 19
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      555 4 i .j r m i r 1 1 V DRAGON lan3^^ DRAGON LAlto LIMITED (Registration No. *****1688 C) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary GenerqJ Meeting of shareholders of Dragon Land Limited (the "Company") will be held at
      555 words
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      310 5 w *rd&* v«v j#iL i tyg&d' vLA'*.V lEsiEft v^b# \/r >'•<<i|-;-i:^ i X l °Sll'*^'S :^'l^^feSfe rl II L B II Wm W II W|HH|^^ HHiHHHnHna jl^hhk jflH ;-^^^Hs999MßlflKK^9^^Uls^B9Wßß^^^^Bft:iFY:^#<;y^^^^^H Hk vfeK HH '-v ,^r ¥'^f- J*2sl r fPtip?.■'••• -dr.-* .M* J At\Wi k a*. Kjr j^/gt WMm j/ ,< fc
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  • COMPANY NEWS
    • Article
      Lock icon Tussle for analysts: Are clients better off?
      695 6  -  HOCK LOCK SIEW By R SIVANITHY COMPETITION, it is widely acknowledged, can only be good for the public. So in the stock market, the more competition there is among brokers, the better off customers should be. This much is obvious in the area
      695 words
    • Article
      Lock icon Current board holds sway at integra2000 EGM
      542 6  -  Lim's team beats Chong's group 77m to 57m shares By CONRAD RAJ AN attempt by deal maker and former HSBC Securities head Christopher Chong to unseat software company integra2ooo's new board which was elected only in late August was defeated by shareholders at
      542 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      4943 6 UNIT TRUSTS FUNDS AB Amer Income B USD 8.6/ AB Amer Income A EUR 6.74/ AUI AB Amer Income B EUR 6.74/ AIM Amro Asset Mgt (Spore) ABEwop Income Opp AT SGD 15.21/ ABEurop Income Opp BT SGO 15J1/ Star Europe Bald 1J1/ ABEiaop Income Opp AT EUR 7.52/ Sta*
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    • Article, Illustration
      Lock icon Chemoil CEO sees plenty of opportunities in Singapore
      814 8  -  The marine fuels supplier is set to rectify its small market share here Reports by LESLIE YEE MAINBOARD aspirant Chemoil Energy sees plenty of opportunities to increase its presence in the Singapore market, which is an important market for marine fuels, says
      ARTHUR LEE  -  814 words
    • Article
      Lock icon Chemoil looks to raise up to US$374m from IPO
      367 8 MARINE fuel supplier Chemoil Energy is set to raise up to US$374 million in the second-largest initial public offering (IPO) on the Singapore market this year, behind that of Thai Beverage. Chemoil, which registered its IPO prospectus with the Monetary Authority
      367 words
    • Article
      Lock icon Hong Leong extends deadline as Thakral bid gets poor response
      435 8  -  By WONG WEI KONG FEW shareholders in Thakral Corp as expected have accepted the Hong Leong group's general offer for the trading company. The Hong Leong group has now extended the closing date for its offer for the shares and
      435 words
    • Article
      Lock icon Koh Boon Hwee gets IDA nod for PacNet seat
      316 8  -  By CONRAD TAN PACIFIC Internet (PacNet) has appointed Mediaßing executive director Koh Boon Hwee to its board after receiving approval from the Infocomm Development Authority (IDA) yesterday. The Nasdaq-listed Internet service provider said last night that it had approved Mr Koh's
      316 words
    • Article
      Lock icon Heshe EGM okays Citiraya investment
      367 8  -  By MICHELLE QUAH SHAREHOLDERS of Heshe Holdings gave their resounding approval yesterday to the company's plans to invest in e-waste recycler, Citiraya Industries a day after Citiraya shareholders gave their own green light to the investment Heshe shareholders also gave the thumbs-up to the company's
      367 words
    • Article
      Lock icon Less acquisitions as Asian telcos become expensive
      636 9  -  Region's major operators also face falling free cash flow: Fitch Ratings By SIOW LI SEN ASIAN telcos have become increasingly more expensive, reducing the chances of successful acquisitions for some of the region's major operators which are also facing falling free cash flow
      636 words
    • Article
      Lock icon KepFels gets another rig order
      374 9  -  By CONRAD RAJ KEPPEL Fels (KepFels), the world's largest offshore rig builder, has secured yet another order for a semi-sub-mersible drilling rig worth some US$3B5 million, this time a repeat order from a wholly owned subsidiary of Texas-based Ensco International Inc. With this, net order
      374 words
    • Article
      Lock icon S'pore telcos probe scam calls from China
      235 9 Bloomberg SINGAPORE'S three mobile phone operators said they are investigating complaints about calls customers have received from phone numbers in China that are quickly disconnected. Recruitment specialist Lynn Lee wrote to The Straits Times newspaper saying an acquaintance of hers had been billed
      Bloomberg  -  235 words
    • COMPANY BRIEFS
      • Article
        Lock icon Ouhua Energy lodges prospectus
        27 9 OUHUA Energy Holdings, a liquefied petroleum gas (LPG) distributor in China, lodged its preliminary listing prospectus with the Monetary Authority of Singapore yesterday.
        27 words
      • Article
        Lock icon Poh Lian bags Newton One deal
        29 9 UNITED Fiber System's subsidiary Poh Lian Construction has clinched a $47.38 million building contract for the construction of Lippo Group's Newton One condominium.
        29 words
      • Article
        Lock icon Technics Oil unit wins 3 contracts
        48 9 TECHNICS Oil Gas Limited said its subsidiary Technics Offshore Engineering Pte Ltd and joint operation PT Promatcon T epatguna JO, have secured three contracts worth $6.2 million for four units of gas compressor packages to major oil gas clients in South-east Asia.
        48 words
    • Article
      Lock icon AsiaOne relaunches tomorrow
      128 9 SINGAPORE Press Holdings (SPH) will relaunch its news and lifestyle portal Asia One tomorrow. The portal, which up to now has been driven primarily by information consumption, will move to a more interactive model, the media group said yesterday. Changes across all sections are aimed at giving
      128 words
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      1182 8 j0 SUMITOMO MITSUI V SMFG FINANCIAL GROUP, INC. Annual Report for the Year Ended March 31, 2006 BOARD OF DIRECTORS (As of July 13,2006) Chairman of the Board and Representative Director Masayuki Oku President and Reoreeentativa Director Teisuke Kitayama Deputy President and Representative Diractop Shigeru Nishiyama Directors Masahide Hirasawa Osamu
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      782 9 GHE2D* Over 500 Locations Worldwide II Ask us about Corporate, Individual or Group Instruction. I I Call Berlitz today 6733-7472 or visit www.berlitz.com.sg I Orchard Road W&<Xyo4Wheelock Place Singapore23BBBo IJ [*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT-FIND IT ASSOCIATE UNITED DISTRIBUTORS PTE LTD (Co. Rag. No. 1M*****6R)
      782 words
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      1419 9 nlnhn plato capital limited (Company Registration No. *****7443 M) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of PLATO CAPITAL -LIMITED (the "Company") will be held at Straits Room #29-00, Ocean Building, 10 Collyer Quay, Singapore *****5 on Thursday, 19 October 2006 at
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Dollar worries mount as data disappoints
      907 10  -  CURRENCIES But a sharp yuan appreciation is also quite unlikely anytime soon LARRY WEE Senior Correspondent A PAINFUL barrage of weak data hurt both the US dollar and Wall Street last week, while the Chinese yuan enjoyed its strongest one-week advance since it was
      907 words
    • Article, Illustration
      Lock icon TRADES TO WATCH
      994 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Sep 26 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ BuyI Shares Per Before After Stock Date Director Sell '000 Stir 000) ('000) China Enersave 26-Sep-06 Koo Ah Seng Buy 400 0.19 ***** 1.41 ***** 1.45 LafeTech 25-Sep-06 Ho Wing-On
      994 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      778 10  -  Compiled by MATTHEW PHAN Biosensors International Sept 25 close: SSO.BB CIMB-GK RESEARCH, Sept 25 BIOMATRIX is a potentially competitive alternative to current DES offerings. Biosensors is a manufacturer of medical devices such as drug-eluting stents (DES). Its flagship proprietary product is the Bio Matrix, whose key Value propositions
      Source: Bloomberg  -  778 words
    • Article, Illustration
      Lock icon A return to short-term trading?
      532 10  -  STOCKS R SIVANITHY Senior Correspondent THE Riskglossary. com website defines "mean reversion" as "a tendency for a stochastic process to remain near, or tend to return over time to a long-run average value". It adds that "interest rates and implied volatilities exhibit mean reversion, exchange
      532 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Construction demand forecast now $14-16b
      463 11  -  BCA raises 2006 forecast by 17% from previous $12-13.5b figure By WEE LI-EN THE construction industry is humming along, and the Building Construction Authority of Singapore (BCA) has raised its construction demand forecast for this year to between $14 billion and $16 billion. This .is
      AFP  -  463 words
    • Article
      Lock icon Aug output growth hits 4-month bottom
      246 11 Bloomberg SINGAPORE'S industrial production grew in August at the slowest pace in four months as drug companies scaled back factory output as they switched to making different pharmaceuticals. Manufacturing, which accounts for a quarter of Singapore's US$llB billion economy, increased 5.5 per cent from
      Bloomberg  -  246 words
    • Article
      Lock icon Indon pharmaceuticals group buys 49% of Cygenics unit
      516 11  -  By CHEN HUIFEN SOUTH-east Asia's largest public-listed pharmaceutical firm, Kalbe Farma, is taking a 49 per cent interest in the Indonesian arm of homegrown CyGenics a move that will hasten the latter's expansion into the region. The investment, expected to cost between
      516 words
    • Article
      Lock icon Six themes at Universal's Sentosa park
      330 11  -  By DANIEL BUENAS in Orlando, Florida THE Universal theme park planned for Sentosa would have six different areas around a lagoon, with each area featuring distinctive architecture, landscaping and entertainment. The themes would be: Hollywood This would "bring to life" iconic locations from blockbuster
      330 words
    • Article
      Lock icon Dubai developer Emaar buys Raffles Campus
      394 11  -  By MATTHEW PHAN EMAAR Properties, a global property developer listed in Dubai, made its first direct investment here yesterday, acquiring Singapore-based education provider Raffles Campus (RC) for an undisclosed price. RC presently owns campuses in Singapore, Hong Kong, Ho Chi Minh City, Xiamen and
      394 words
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      1116 11 ——I I IN THE MATTO Of THICOMPANKS ACT CHAPTR 50 AND IN THi MATTER Of CATHAY RESOURCES PTI UD COMPANY NO *****6653K NOTKEOf RISOUmONfOR MEMtIRS' VOLUNTARY WINWNQ-UP (PURSUANT TO SECTION 290) At (he Extraordinary Gmral Meeting d fe memben of Cdhoy Resources he Ltd dely convened and hdd at Nb.
      1,116 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Property funds upbeat on Singapore
      785 12 Rising rents, corporate expansion, thriving Reits are factors Reuters [HONG KONG/SINGAPORE] Rising rents, corporate expansion and thriving property trusts are combining with Singapore's reputation as an easy business environment to produce a blend many property fund managers find irresistible. Asia's financial crisis.in 1997/98 and then
      Reuters; AP  -  785 words
    • Article
      Lock icon Japanese corporate service prices rise 0.3%
      205 12 Bloomberg [TOKYO] Japanese corporate service prices rose in August, halting more than eight years of declines and signalling that the economy has overcome deflation. An index that measures the prices companies pay for services climbed 0.3 per cent from a year earlier, the Bank
      Bloomberg  -  205 words
    • Article, Illustration
      Lock icon GDP gloom not shared by Fed
      791 12 AFP Reuters [WASHINGTON] The Federal Reserve appears more confident in the US economy's resilience than do fickle financial markets, which see a good chance the central bank will cut interest rates early next year to head off recession. A surprisingly soft reading from the
      AFP; Reuters  -  791 words
    • Article
      Lock icon BURSA MALAYSIA
      2231 12 vol General Corp .0.58 0.01 50 f—) Genting 23.90 0.30 737 George Kent 4.52 unch 36 A a M Realty Ml -0.01 1 GHLSystems .0.23 0.01 700 31 GlobetronksTech 0.30 unch 1196 ACPIndustnes 0.93 0.00 116 GlomacBhd 1.06 0.05 426 A*ance Synergy -0.19 -0.01 216 Gold Bridge Enyg
      2,231 words
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      289 12 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of 1) AIM WILLS MARINE SURVEYORS PTE LTD (Co. Reg. No. *****7390H) 2) MARINE FUEL CONSULTANTS INTERNATIONAL PTE LTD (Co. Reg. No. *****7389N) (In Creditors' Voluntary Liquidation) Notice of Resolution At an Extraordinary Genera) Meeting of the
      289 words
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  • BUSINESS EXCELLENCE
    • Article, Illustration
      Lock icon Being BAD to be good
      1065 13  -  Belief, attitude and discipline paved the way for Qian Hu to achieve the Singapore Quality Award, writes DANIEL BUENAS DANIEL BUENAS Homegrown fish supplier Qian Hu Corp may have been the first Singapore small and medium enterprise (SME) to achieve the Singapore Quality Award (SQA),
      ARTHUR LEE  -  1,065 words
    • Article, Illustration
      Lock icon Making innovation count in the marketplace
      967 13  -  By OH BOON PING IF THERE'S a constant in ST Engineering's competitiveness equation, it is innovation. "To us, research and innovation is a key enabler for competitiveness, along with knowing the industry demand and understanding the customers' needs," its chief executive Tan Pheng Hock
      ARTHUR LEE  -  967 words
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      134 13 THE Business Excellence initiative helps organisations to strengthen their management systems and processes for high performance. It is based on an internationally comparable and holistic model for managing an enterprise for excellence. The Singapore Quality Class (SQC) and Singapore Quality Award (SQA) are key milestones of overall performance on the
      134 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Maxis to spend RM2.85b on 3G and broadband
      460 14 It expects both services to be profitable by 2009, says CEO Bloomberg [KUALA LUMPUR] Maxis Communications Bhd, Malaysia's biggest cell-phone operator, plans to spend RM2.85 billion (551.23 billion) over the next four years to expand its high-speed Internet and mobile-phone'networks. The company
      Bloomberg  -  460 words
    • Article
      Lock icon 13t rupiah funding for biofuel projects planned
      357 14 AFP [JAKARTA] The Indonesian government is to earmark 13 trillion rupiah (552.2 billion) for the development of biofuels in the 2007 budget, a report said yesterday. Amid soaring global oil costs. Indonesia has been trying to boost its energy security by turning its
      AFP  -  357 words
    • Article
      Lock icon Business to pick up for Indon retailers
      341 14 Festive season and a 22% drop in oil prices may up sales Bloomberg [JAKARTA] Shares of Indonesian retailers, among the worst performers in the Jakarta Composite Index this year, may rebound on a 22 per cent drop in oil since July 14 and
      Bloomberg  -  341 words
    • Article
      Lock icon Jakarta to sell 10 state firms next year: report
      262 14 AFP [JAKARTA] The Indonesian government is planning to float shares of 10 state-owned companies next year, the state enterprise ministry secretary said, according to a report yesterday. "About 10 state-owned companies are ready to go public, pending the approval of the
      AFP  -  262 words
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      24 14 CENTREPOINT Your Malls iflpEß^BTlT^jtfl 1| B<l li| MMj "^BB Fl Managed by: > f FRASERS *W CENTREPOINT .JBH V ASSET MANAGEMENT ODBS ©OCBCBank ÜBS Bank
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      1871 15 A SPECIAL FEATURE BROUGHT TO YOU BY C" 2 SINGAPORE f T ki INSTITUTE OF Uu n, ers "Y at B f,a yU MANAGEMENT State Umvemty of New York A f rujtf u[ The University at Buffalo's Executive MBA programme that is offered by the Singapore Institute of Management has
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  • GREATER CHINA
    • Article
      Lock icon No takers for HK securities watchdog chairman's post
      452 16  -  Professionals likely deterred by nine times lower pay compared to CEO By JANE MOIR in Hong Kong A MOVE by the Hong Kong government to split the role of the city's securities regulator has got off to a sluggish start, and nearly
      452 words
    • Article, Illustration
      Lock icon Stanley Ho's sister files new lawsuit against SJM listing
      290 16 AFP [HONG KONG] The sister of Macau casino tycoon Stanley Ho has launched another legal hurdle against plans to list part of his lucrative gambling business here, media reports said yesterday. Winnie Ho, who for years has been locked in a
      AFP; REUTERS  -  290 words
    • Article
      Lock icon Property shares dip on Shanghai official's dismissal
      254 16 Reuters [SHANGHAI] Shares in Shanghai real estate developers fell sharply yesterday after the ouster of Chen Liangyu, the city's top official who last year openly criticised the central government's economic tightening steps that were aimed partly at the property sector. His dismissal threatened
      Reuters  -  254 words
    • Article
      Lock icon China vows no let-up in graft scandal investigation
      388 16 Management of pension funds to be centralised: official Reuters, AFP [BEIJING/SHANGHAI] China's ruling Communist Party vowed yesterday to get to the bottom of a corruption scandal that has toppled Shanghai's top official, while fending off questions about the case that may bring
      Reuters, AFP  -  388 words
  • Page 16 Advertisements
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      277 16 Love Always Suzanne Walker Bpm 12pm Mon Frl I Chemoil I Energy's founder I "internationalised" I businessman^! Keep your investors informed by advertising your financial results to our newspapers. Cat! 1800 289 8822 or email noticestsphxom.sg. Diners Club Card r o 0980 fftrin A World of Exclusive Privileges Treats /i"j
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      21 16 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Caii 1800 289 BS2Z or email noticesdsph.com.sg.
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  • INDIA
    • Article
      Lock icon India should open up capital account
      175 17 Reuters [MUMBAI] The chief executive of the Bank for International Settlements (BIS) yesterday said that India needs to open up its capital account to reap the benefits of globalisation. "I believe that if a country has to reap the advantages of globalisation, it is
      Reuters  -  175 words
    • Article
      Lock icon India eyes engineering services outsourcing next
      398 17  -  By PRIYANKA BHARDWAJ in New Delhi BUILDING on its success as the world's business backoffice, companies in India are now seeking work in engineering the world's products too if the country can find enough engineers. A product may be "Made in China" but it's
      398 words
    • Article, Illustration
      Lock icon Banks feel pressure to merge as competition rises
      530 17 Move to allow more foreign banks, new capital norms seen forcing change Bloomberg [MUMBAI] Indian banks are under pressure to merge to cope with rising competition as the government widens market access to international lenders, said 0 P Bhatt, chairman of State
      Bloomberg; BLOOMBERG  -  530 words
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      160 17 ""i. 1 rTi r |n y.' 'i* l r 1 'v 1 t<< r". 1 M2B WORLD EXCLUSIVELY PRESENTS SINGAPORE'S FIRST BROADBAND TV SERVICE RIGHT IN THE COMFORT OF YOUR LIVING ROOM iftrrcbtv Your Ultimate Lifestyle Choice WATCH OVER 50 CHANNELS AWYTIMEI Lji Your personal entertainment service, available through ports
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Consumer confidence rises in Sept from 9-mth low
      436 18 LATEST US DATA More said they expected their incomes to increase in coming months Bloomberg {WASHINGTON] Confidence among US consumers rebounded more than forecast in September from a nine-month low as Americans paid less at the petrol pump. The Conference Board's index
      Bloomberg  -  436 words
    • Article, Illustration
      Lock icon Thai military council appoints civilian advisers
      762 18 AP. Bloomberg, AFP [BANGKOK] Thailand's military rulers have written a temporary constitution appointing themselves advisers to any interim government. It has also named dozens of prominent civilians, including Central Bank governor Pridiyathorn Devakula, to serve as its advisers. Coup leader General Sonthi Boonyaratglin yesterday
      AP.; Bloomberg,; AFP  -  762 words
    • Article
      Lock icon Amaranth's US$6b loss could result in lawsuits from investors
      732 18  -  The SEC will also investigate the hedge fund debacle By NEIL BEHRMANN in London THE Securities Exchange Commission (SEC) will be investigating the US$6 billion losses of Amaranth Advisors, the American hedge fund. Investors have also indicated that they intend to
      732 words
    • WORLD WATCH
      • Article
        Lock icon IBM to publish patent filings online for public review
        64 18 NYT [NEW YORK] IBM, the largest US patent holder, will publish its patent filings on the Web for public review as part of a new policy that the company hopes will be a model for others. If widely adopted, the policy
        NYT  -  64 words
      • Article
        Lock icon Softbank may face delay on refinancing 1.3t yen loan
        68 18 Bloomberg [TOKYO] Softbank Corp may fail to refinance a 1.28 trillion yen (Ssl 7.4 billion) loan at its Japan mobile-phone unit by the end of this month, increasing interest costs, bankers involved in the transaction said. Negotiations to borrow as much
        Bloomberg  -  68 words
      • Article
        Lock icon BP warned by Russia it may lose US$18b gas field
        60 18 Bloomberg [LONDON] BP's Russian venture, TNK-BP Holding, may lose its permit to develop the US$lB billion Kovykta natural-gas field in Siberia because of licencrand environmental violations, Russian prosecutors said. TNK-BP faces demands from Russia to cede some control of oil
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        Lock icon JPMorgan unit botches Japan stock order
        84 18 Reuters [TOKYOI A unit of JPMorgan Chase Co botched a trade for a basket of Japanese stocks on Monday when it mistakenly sold shares linked to the wrong index, helping spark a brief fall in the market. JPMorgan Securities Japan Co Ltd said late
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      Lock icon Thailand may lower 2007 spending on growth
      264 18 Bloomberg [BANGKOK] Thailand may spend less money next year than previously planned amid optimism the economy will be boosted by the appointment of a new Cabinet and falling oil prices, a senior government official said. The Budget Bureau and finance ministry may trim
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      Lock icon Telstra boss in focus amid profit fall, row with govt
      425 18 AFP [SYDNEY] Telstra boss Sol Trujillo took over at Australia's largest telco saying he wanted new challenges he's found plenty as profits slump and a bitter row with Prime Minister John Howard escalates. The US executive began attacking government regulations
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  • MOTORING
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      Lock icon 3rd generation Honda CR-V stays true to roots
      395 19  -  By SAMUEL EE AS MANY Japanese softroaders break the two-litre barrier, the latest model of the original crossover SUV retains the important 2.0 engine option. When the first Honda CR-V came on the scene in 1997, sedan-based sportutility vehicles (SUVs) were unheard
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      Lock icon Latest Camry attracts younger Asian buyers
      473 19  -  New model's sporty exterior draws interest from people under 30 By SAMUEL EE WHEN the Camry was unveiled in 1982, Toyota was eyeing a younger group of drivers. But as it turned out, the people who bought the mid-size sedan were slightly more mature.
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      605 19 ADVERTISEMENT FOR CREDITORS IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF VELVETTE INTERNATIONAL PTE LTD COMPANY NO: *****0498 M (In Members' Voluntary Liquidation) Notice is hereby given that the creditors of the abovenamed Company which is being voluntarily wound up, are required on or
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      121 19 i i ?f" 5 Al JBiijiy Hill'!! fwPBI *4. f|l m 1 'Mi?" *■*y>»'" 1 f M&Om -ia. I *i' -i?.vs "-V V■>-• i 'j B -I'llif'''' 'tr iii yj '"I *,>«, .< IftttL t- P"K^3!IM[ hjf|fl"'• jShhl A IB y?^^r"| Sr H| Jgg| With our AR Gallery, we can
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  • AVIATION
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      Lock icon US security officials ease ban on carry-on liquids
      655 20 3 oz bottles of liquids and gels must fit into a quart-size bag NYT [WASHINGTON] Aviation security officials eased the ban on carry-on liquids for airline passengers on Monday, after weeks of testing to determine how much of a liquid explosive would
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      Lock icon Jet Airways, Qantas score wins at travel awards
      396 20  -  By VEN SREENIVASAN PRIVATELY owned Jet Airways has been voted "India's leading airline" by travel professionals worldwide for the 13th Annual World Travel Awards 2006. The award was presented at a glittering ceremony at the Turks Caicos Islands, south east of Miami
      396 words
    • LOG BOOK
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        Lock icon M'sia to bid for seat on ICAO council
        92 20 Bernama [STOCKHOLM] Malaysia will bid for a seat on the International Civil Aviation Organisation (ICAO), the world governing body for civil aviation, for the 2007-2010 term, said Transport Minister Chan Kong Choy. ICAO is a specialised United Nations agency created in 1944
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        Lock icon Cathay to resume Shanghai flights
        60 20 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd will fly passengers to Shanghai from Dec 1, resuming flights on Hong Kong's. second-busiest route after a 16-year absence, to compete in one of the world's fastest-growing travel markets. Asia's second-most profitable carrier will operate a daily service
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        Lock icon NetJets orders 24 Dassault Falcon jets
        58 20 AFP [PARIS] Netlets Europe, which operates business jets under multiple ownership, said yesterday that it had ordered 24 Falcon 7X aircraft from French aerospace group Dassault. The value of the order is US$l.l billion. Netlets said that the order was the biggest ever placed
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        Lock icon Swiss pilots stage one-day strike
        64 20 Bloomberg [ZURICH] Swiss International Air Lines Ltd, which is being taken over by Deutsche Lufthansa AG, cancelled dozens of flights as pilots at its European unit staged a strike over working conditions. Swiss International cancelled 41 European flights as of 8 am Zurich time, and
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      Lock icon United Airlines merger rumours intensify
      401 20 It reportedly hired Goldman Sachs to explore options AP [CHICAGO] Speculation that United Airlines may be destined for an eventual merger with another US carrier intensified on Monday with its reported hiring of Goldman Sachs Co to explore strategic options. United, a unit of UAL
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      Lock icon FedEx to replace 90 jets for US$2.6b
      219 20 Bloomberg [DALLAS] FedEx Corp, the world's largest air-cargo shipping company, will spend US$2.6 billion to buy and upgrade almost 90 used Boeing 757-200s to replace its ageing fleet of smaller Boeing 7275. The aircraft will begin service between 2008 and 2016, FedEx said
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      1692 20 D*hi ***** 0630 ***** 0910 Virn iw AJ480 0740 C860 0825 OM 0(05 AM81 1«B 9W18 t«50 SO408 1855 A-**- AZ3892 1530 A5W3 0f39M 16M KU37 1530 lSS SI GA840 1640 SSI J»S Of" 7 1805 5Q146 1640 Auckland EK433 0150 ***** 0850 JZ5? UU433 0150
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  • Page 20 Miscellaneous
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      194 20 CRYPTIC CROSSWORD ning (11) ment?(11) Across: 1 Sextuplet, 9 Iron Age, DOW"* 13 Imagined collapsed veins be- 10 Count On, 11 Remains, 12 Triple 1 Keep an eye on the screen (7) f ore one g o t older (9) Sec, 14 Tenorist, 15 Spigot, 17 Ty--2 Work carelessly for
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  • SHIPPING
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      Lock icon Tanker owners may have to pay for scrapping
      505 21  -  MARITIME WEEK 2006 Impending convention plus faster VLCC scrapping cited By DONALD URQUHART [SINGAPORE] Tanker owners may soon be faced with the prospect of having to pay to have their ships scrapped due to the combination of an impending international ship scrapping
      505 words
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      Lock icon Death ship SS Stockholm gets new life as Athena
      524 21 The liner returns to New York, 50 years after sinking the Andrea Doria NYT [NEW YORK] Among its oceangoing sisters, the SS Stockholm has always been infamous as the ill-fated vessel that struck and sank the Italian liner Andrea Doha in
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      Lock icon Governments and independent groups can fight piracy together
      811 21  -  STRAIT TALK By DAVID HUGHES SITTING in the grand surroundings of the UK's National Maritime Museum at Greenwich, London last week, the realities of piracy seemed rather remote, at first. That was until former ship's engineer turned anti-piracy campaigner Andrew Mwangura started
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      Lock icon New IMC award goes to Frank Tsao
      337 21  -  By GEORGE JOSEPH [SINGAPORE] Five new awards were introduced at this year's Singapore International Maritime Awards (IMA) to honour individuals and companies that have made outstanding contributions to Singapore's development as an International Maritime Centre. Prominent shipowner Frank Tsao became the first to
      337 words
    • Article
      Lock icon Suez authority wants fee to release tanker
      188 21 Bloomberg [LONDON] Egypt's Suez Canal Authority asked for 10 million Egyptian pounds (Ss2.B million) to release an oil tanker that spilled 5,000 tons of crude into the world's busiest waterway. The Anna PC, operated by Piraeus, Greece-based Maritime Management Services MC, will be
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      Lock icon TRANSPORT STOCKS
      278 21 sex 'ooo Sap 26 St Vol CH Offshore .0.37 unch 490 ChuanHup .0.32 -0.01 2130 Cotco Corporation 1.61 0.03 3959 CWT Distribution .0.59 -0.01 15 EzraHldgs .2.79 -0.03 211 Freight Unks 0.08 -0.01 4015 Grand Banks Yacht 0.85 unch 2 Java Holdings 1.39 -0.02 1036 K1 Venture .0.39
      278 words
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      20 21 International Ship Classification wmmmm INTBGMTYSERVIC^QUALmr Keeping you isciass J at the forefront of maritime safety, secur Hy and environmental protection
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  • EDITORIAL & OPINION
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      Lock icon Clean up at KL stock exchange
      503 22 EDITORIAL THE Malaysian stock market has always had a buzz about it. Its speculative nature lent it a certain mystique. And any misgivings about market manipulation or syndicate shenanigans were generally rebuffed by trotting out the old adage: caveat emptor. But over the years,
      503 words
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      Lock icon Not surprising at all that Iraq war has backfired
      779 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent IN recent speeches, including several addresses marking the fifth anniversary of the Sept 11 terrorist attacks on New York and Washington, US President George W Bush has argued that Iraq has become the central
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      Lock icon All is not well in the Land of the Rising Sun
      1185 22  -  Japan needs to decouple its future from the US, resolve the challenges of its history and move to create a more integrated relationship with its long-term economic partners in Asia By MICHAEL ZIELENZIGER BENEATH the sheen of high-tech tranquillity
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      Lock icon Is the US economy no longer in vogue ?
      1204 23  - Is the US economy no longer in vogue Chatter about the economy seems to have fallen on the list of priorities, both in the news media and in Washington, as terrorism and the war in Iraq dominate public debate By DANIEL ALTMAN NYT WHY doesn't anyone seem to care about
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      Lock icon Why business can't get rid of cheats
      818 23  -  Because students in business courses find it normal to start cheating right from university MATTHEW LYNN Bloomberg SO YOU think the average corporate chief is a lying cheat. Well, you haven't seen anything yet. If you view the current crop of Wall Street
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      Lock icon Thailand on democratic reform path
      530 23  -  LETTERS TO THE EDITOR Chalermpol Thanchitt Ambassador Royal Thai Embassy FOLLOWING the recent political developments in Thailand, I feel 1 must write to update your readers on the current political situation as 1 believe they deserve the most accurate information on what is actually going
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      Lock icon Malaysian banks comments unfair
      177 23  -  Ngia Soon Chai Singapore I REFER to Denis Distant's letter, "Investing in M'sian stocks? Not so fast" (Mailbag, Sept 26). I felt his comments were unfair and could be misleading to other investors. Firstly, investors must respect the rules laid down by countries. Maybe Mr Distant
      177 words
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      Lock icon Notion of Star CEOs counter-intuitive
      200 23  -  Lu Keehong Singapore I REFER to your report, "Star CEOs may not be worth their huge pay: report" (BT, Sept 26). Many people in America seem to cling on to the belief that a corporation is made up of one man or woman with super
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    Lock icon SINGAPORE STOCKS
    10031 24 SGX MAINBOARD Transaction date: Sep 26 52-Wk T«t Last Vol Day Last Quote Dtv GrYld Net MCap Wgli Low Code Company Sale C000) High Low Buyer Seller Cvr P/E Smi 15 1 5716 1st Software—— 2.5 23 3 10.1 11.5 6 3148 8Te»ecom 7 unch 420 7 7
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    Lock icon FINANCE & COMMODITIES
    5774 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES IB local can In SJ In UU %&t X yr yr dy %yr S«pH mdti Oanat Ornijt Omni OiMjt Oungt Chang* WbrW Index ftefimnary 1009 9 02 42 01 7.4 43 7.4 1 {AF£ Pieliminaiy t 1010l9 0.; 39 -0.5 53 0.5 10.4
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      1552 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL STX PO TBN CAM/NFK/NOL/SAV loads Singapore, E./W. Malaysia, Indonesia toads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT GLENGO INC/BSN ADDU STAR JDH/AQA Loads Singapore, E./W. Malaysia, Indonesia Loads E.
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      536 26 IftfIHAHA RORO SBtVICI vßsa/vor I mrptp 1 mango htc km to sw jkt OtOIIO EXKESS 77 50 45 05/10 10/10 otCHiD antra n so a/to ao/io |o«CHioamss7t so is 29/10 02/10 1/wfmiM iah ffflrtm tgrrri 1 vßsa/vor tump wanSr 10 Vm jw srp m mm jkt lail ta DKSOOI/S4 100
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      1500 27 WAN HAI INTERNATIONAL PTE LTD CR NO: **********0/R \xMd\ WAN HAI LINES 200 Y 11V flflll I kl 1W L J na IE (03)*****111nut(03) 334Z52Mrw1E:(04)*****00FAX:104)2W6»9S JOH IB: (07) 251W23 MX: (07)251W21 M IE 1031) *****7S MX: Wl) *****14/*****05 www wonlmi [gn JKTIK: (021) S2S4IU MX: (021) *****88 fUK IB: *****0/71*311
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      1121 27 Trjf\ EASTERN CAR LINER, LTD ]M 1 SPECIALIZE IN RORO t HEAVY UFT UPTO 450 TOWS INTtA-ASIA SERVICE VOY Raaf Liftteg SIN TPT PU(N) Stt<W) PNN JKT SIM LCB MM ITU I INCHON DEWI PARWATI 11 50 28/09 W/09 01/10 03/10 LILAC ACE 43 —30 1W ***** 037?0 —Q67fo (om
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      709 27 w a 3^/« WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOT SIN f JOANO COLOWtO M. SHIV* COtOWO KOTAPERWIRA YPWO9I 20 S£P QMU 2iStE 22J££ SLfiO INDIRA GANDHI 0107W 26 StP 27 StP 30 SEP 03 OCT 07 OCT LAI BAHADUR 0106E 26SEP
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      889 28 J IA m liJ 1*65-*****907 Fox: *****917 Nordana (Asia) Pte Ltd Emdkiiortea@nonianiMisiii^ 70 ShMtoii Way, #21-03 Marina House Singapore 0791 IS NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VKSIL VOY Singapore Frt—tie I Cotoi Itkwd CWislmas Islowd Potir&doM Iskwd Express 1E607 X
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      628 28 «V «==s==E==B= vm -»-nCT Bar >«uim lmw wyw ww rumw w* nm ;</m fl. T& HKr Wh -mm "Bh HpprasnH g| fa |j£* fr h lffiMg VKStt VOY SM r«« GUDANG Jakarta loqkok (PAT) Jakarta Vanal V»Vl* >tl Idj a>« I aW Hi Iml rt I atT" Var I I
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      496 28 CONVENTIONAL SERVICE ETA SIN LOADING FOR 30 SEP DUBAI, DAMMAM 03 OCT CHENNAI 05 OCT MALE, COLOMBO 15 OCT BOMBAY, CHITTAGONO rife GLORY NAVIGATION GROOPI f SINCE 1970 f OWNS A OPERATES THE YOUNGEST FLEET WITH FOURTEEN 7,000 DWT TWEEN DECKERS COVERING I THE ENTIRE ASIA PACIFIC PORTS a REGULAR
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      6581 29 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number SIN Desfn Name Name Number Number 10(10 27/10 Nortrans THORSUN 8(06 *****776/86 To ABIDJAN (ABJ) 2003 Cote D'lvoire 11/10 27/10 Nortrans THOR TRADER 7/06 *****776(86
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  • executive Money
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      Lock icon A peek at how insurers invest
      1308 30  -  While insurers bear some responsibility for over-optimistic projections of returns, policyholders may not fully appreciate the risks inherent in the products. GENEVIEVE CUA reports GENEVIEVE CUA NOW and again there are letters telling of readers' unhappiness with their insurance policies' returns. Questions are raised,
      NOEL ROSALES/ST  -  1,308 words
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      Lock icon Insurers disclose returns to clear the air
      330 30  -  By GENEVIEVE CUA SOME insurers have quietly set out the rates of returns on their life or "participating" fluids, in an effort to forestall any misunderstanding that may have arisen over a recent press report. While the increased disclosure is welcome and reassuring,
      330 words
    • Article
      Lock icon Prudential ups equities exposure in sub-funds
      328 30 Move aims to add value to long-term savings plans PRUDENTIAL Assurance is raising the equities exposure of its sub-fund relating to regular premium "participating" policies to as muqh as 45 per cent. The change was effected this year, as long-term savings need a higher
      328 words
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      Lock icon Still trailing
      277 31  -  -By Choa Boon Lee, Standard Poor's Associate, Fund Services This week, S&P Fund Services looks at Thai equity funds To the relief of many Asian investors, the recent bloodless coup in Thailand has not resulted in a wholesale spike in risk-aversion towards the entire Asean region. For now
      277 words
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      Lock icon UBS takes a walk on the retail side
      497 31  -  It launches commodities-linked structured fund for moderate-risk investors. GENEVIEVE CUA reports GENEVIEVE CUA THE investment banking arm of ÜBS is making its first foray into the retail market here with the launch of a new structured fund linked to commodities. The move
      497 words
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      Lock icon No place for impulse shopping
      1221 32  -  MONEY MATTERS Let the buyer beware when shopping for financial products ROY VARGHESE IT'S amazing how similar consumers' buying patterns are at grocery stores and financial institutions. Every day, shoppers flit up and down supermarket aisles, picking up items on their shopping lists. For these
      AP; Source: ichart.financeyahoo.com  -  1,221 words
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      290 30 SWAT Accounting h If you are facing any of these: l r~ OUTSOURCING "messy" accounts arising from change of systems staff turnover j j f you need short or ong term accounting assistance, for e.g.: inability to meet statutory reporting deadlines 11. your staff are on block leave (e.g. maternity
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      10 30 MONEY MATTERS Buyer beware at the financial supermarket pg 32
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      222 31 Nanyzmig Business School Haas School of Business ancient days relied on the Silk Road for East-West trade. These days, there's a faster way to boost -v.- X. BERKELEY-NANYANG ADVANCED MANAGEMENT PROGRAM IsTlCer 2006, NTU. Sin Q apore 2007. UC Berkeley, USA The experience of international immerslon.Theadva Sharpen your management skills
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      924 31 MICRO-MECHANICS (HOLDINGS) LTD. (Incorporated in the Republic of Singapore) (Company Registration No: *****4632W) NOTICE OF TENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company will be held at Ballroom 1, Intercontinental Hotel, 80, Middle Road, Singapore *****6 on Friday, 20 October 2006
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      574 32 Resource Select Income Fund (SGD) **I^Hf Bmt Mm Jh^H^■»P Bp Hk j^H ■E|oHIMBIHHBHI^IrJB j» |A > X >r JH|| A| f|L/ V' s '^Hh^^KK I^^Rla'" < I^Bbc! H Ht^B i^Stf W aV^ Payout Guaranteed' for the first year Invest in the global natural resource sector Enjoy potential regular income 2
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      114 33 Coortfnator DonM Urquhart Swb edtoi: Dexter lee P K Suresh, Yu Chwi Fun ArtM; Jennifer Chua <cdvw) k Realising Your Business Aspirations Singapore, Your Maritime Partner m The Maritime and Port Authority of Sinyopore co cjra u H m I q|| pgcjnjgntS nf tfl6 followitlQ AWQfds* I Fincmce Incentive* Scosins
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  • THE BUSINESS TIMES Maritime Week '06
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      Lock icon Destination Singapore
      298 34 Continued from Page 1 The Outstanding Maritime R&D and Technology Award is given for the application or research and development of new technology for the maritime industry, while the Singapore Registry of Ships Owner of the Year recognises outstanding owners of quality Singapore-registered ships. The Maritime Week festivities,
      298 words
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      Lock icon Winners of Singapore International Maritime Awards
      185 34 Approved Intenurtionij Shipping Enterprise (AIS) Scheme Aban Singapore Pte Ltd Armada (Singapore) Pte Ltd Clipper Bulk (Singapore) Pte Ltd Eidsiva Shipping Pte Ltd Fairfield Chemical Carriers Pte Ltd Farstad Shipping Pte Ltd Fred. Oben Cruise Lines Pte Ltd J.B. Ugland Shipping Singapore Pte Ltd
      185 words
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      Lock icon Harnessing potential – fully
      744 36  - Harnessing potential fully S'pore has the necessary elements to serve as the gateway to Asia's fast-growing maritime markets, says MPA chief TAY LIM HENG TAY LIM HENG THE maritime sector has been, and will always be, a linchpin of the Singapore economy. It supports Singapore's continued growth as a free
      RLE PHOTOS  -  744 words
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      Lock icon S'pore the only choice for Armada
      579 38  -  Armada (Singapore) MD Tommy Rathleff tells CHEW XIANG why the company was drawn to incorporate a holding company in Singapore CHEW XIANG LAST October, Armada Group, a Danish shipping company, incorporated a holding company in Singapore. The privately owned company was previously incorporated offshore,
      JOHN HENG  -  579 words
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      Lock icon Clipper Bulk returns to where the action is
      604 39  -  Bjorn Jensen tells chewxiang why his company moved its Asian office back to Singapore CHEW XIANG THE one that got away is back again. In 1998, Clipper Bulk, a subsidiary of Danish shipping company Clipper Group, upped sticks and shifted its Asian
      JOHN HENG  -  604 words
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      Lock icon Newly set up Thome Offshore growing rapidly
      394 39  -  By WEE LI-EN THOME Offshore Management was set up this year by Thome Group and is already growing so fast that it is expected to account for 20 per cent of the group's total revenue by next year. In fact. Thome Group chairman
      394 words
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      Lock icon Tax incentive prompts FSL to restructure
      796 40  -  MATTHEW PHAN looks at First Ship Lease's financing business and how the winning of a tax exemption award will change its corporate structure MATTHEW PHAN FIRST Ship Lease plans to move its asset holding company from Bermuda to Singapore to put its holding and
      796 words
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      Lock icon Raising the profile of women
      791 42  -  Male bias may be eroding but there are still too few women in the shipping industry, Gina Lee-Wan tells donald urquhart DONALD URQUHART IT may still be predominantly a man's world, but the growing trend of women entering various segments of the shipping industry is
      JOHN HENG  -  791 words
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      Lock icon Chasing dreams at 81
      682 44  -  INTERNATIONAL MARITIME CENTRE AWARD (INDIVIDUAL) Shipping magnate Frank Tsao, one of the most respected businessmen in Asia, tells CONRAD TAN about his current passion CONRAD TAN THAT Hong Kong shipping patriarch Frank Tsao has won the inaugural International Maritime Centre award by the Maritime and Port
      682 words
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      Lock icon New Earth plans to spread wings
      557 44  -  OUTSTANDING MARITIME R&D AND TECHNOLOGY AWARD By RUCHIKA TULSHYAN THE maritime industry is ready to introduce new businesses that have never before been featured in its long history. New Earth Pte Ltd, an environmental technologies company, has just been awarded the "Outstanding Maritime R&D
      557 words
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      Lock icon Focus on manpower, research
      542 45  -  INTERNATIONAL MARITIME CENTRE AWARD (CORPORATE) PIL managing director Teo Siong Seng tells WEE LI-EN the challenges ahead for Singapore as an international maritime centre WEE LI-EN PACIFIC International Lines (PIL) won an award for promoting Singapore as an international maritime centre (IMC) but managing director Teo
      542 words
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      Lock icon Going the extra mile to ensure bunker quality
      924 46  -  BUNKER AWARD Close customer relationship to maintain reliability and integrity of bunker supplies pays off for ExxonMobil, reports RONNIE LIM RONNIE LIM "WE'RE always talking to our customers about their needs and also what they believe they will require in future," says
      ARTHUR LEE  -  924 words
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      Lock icon Singapore registry upholds highest standards: NOL
      678 46  -  SRS OWNER OF THE YEAR AWARD By I RAHITA ELIAS THE stellar reputation of the Singapore Registry of Ships (SRS) has prompted many world-class shipping companies to have their ships fly the Singapore ensign. And one of them is homegrown Neptune Orient Lines, parent
      678 words
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      Lock icon Singapore set to be high-end maritime training hub
      709 46  -  EXCELLENCE IN TRAINING DEVELOPMENT AWARD By I RAHITA ELIAS SINGAPORE is uniquely poised to be the South-east Asian training hub for ships' officers and engineers, says Aswin K Atre. managing director and chief operating officer of NYK Shipmanagement. "Singapore's unique position as
      709 words
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      260 34 •>« 7 i v/> V'i j— gtablished in 1996 as a fully integrated I chemical and product tanker operating company, r 1 I IT I I 111 Fairfield Chemical Carriers Inc., has grown into a I fJ yJ y A world-class multinational group with a fleet of 1 -i I
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      101 35 mm IWtmrVii I t r' I \fi if. j| P is honoured to be awarded the 1 Approved International Shipping Enterprise Status (AIS) by Maritime and Port Authority of Singapore (MPA) t-* IL* i v \>* ILJJ si ?1« NV H rfatttq rf^n 3 &> b ~f-.---.., Mm assS H
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      99 37 for being awarded Approved International Shipping Enterprise Status (AIS) by Maritime and Port Authority of Singapore ffInHHK 9 -^--jygj ;Vw M3s|y| i4v. fl|UmHßra| „II Rj J jfff V SI J roi%|-.. HMm MBbBBHR #T? 13*jr"- 81*1 nj I fl v in 111 ,J Heartiest congratulations from: J&castrol 7 E^ ATTAR
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      83 39 lli I J V v 111 HI r' \7Lf J I r 5_ nHU S4 SAAMAA|ag|MMiaiHMß|iii^^B M—^l gg^^WWßtfffWfßffWimxßTiffW 111 V JVJ 11 y| 11w ij i i%xn ■■■rwXßiiißßi ■■■■■■iiiiiifli Uj feii U P ?;;S|S mHilVTllifPiVPTfPyMlw^Rlv^^^^^^H MFTliflti ll f I liimflMiMriaMlff •< v <&[%*W^%j 'sr'«a ><?d -1— J <S MHt fc
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      62 39 SfIPST PACIFIC SHIPPING TRUST Pacific Shipping Trust is proud to receive the MFI awards for Approved Shipping Investment Manager Approved Shipping Investment Enterprise X J jH 'fej". '*'***J- f "oP" V' H Mbß JESS SwJr w 111BMIM^^~ P^ 1 iifiTTMi^BMMoHMMß^™^^ -r 'JZL -^^SsBS^BBBmS^^BBBBSBB^M t IP: MWMHHi^B^^: 'tMbmhiiiip***™ as Trustee Manager
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      51 40 We are proud to be awarded the International Maritime Centre Award by Maritime and Port Authority of Singapore. We deliver on our Promises Serving you at over 150 ports in the Far East, China, Southeast Asia, Australasia, Indian Sub-continent, Middle East, Red Sea, Africa, Europe, Canada South America. M Ik
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      172 40 >. V 'X J v*• v MBfey^^Kßi^K^BSSßlßß^^B^^^^^S^t-Pil V| j' 1 Hr 1 -~f —-H «b! B I m pal ILJJL WBmL I |j H T I k i 1 I KillMMßß^MllißißyiffißiHi^^B^^^BMßßßßßßß I nW 3 a jflHu SB J ,V->-SB si lIMI-ACIA Uni-Asia Group is an Asia-based structured 1 J Ulll"MOIn
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      366 41 ♦IMT -:A.; t >' fPS^l^^HHfc^y^^ vsr: ;4r WH I® iSE j Hrir i*l^llj.,. AMI j.Hi Hi *H^^^^l^BT^iin^^^^^^Hiliiflt |w ■^■^■llEm.lHß^BHjvlfllffi&fiSnnHHHl^n^BnH^^HHi^B^^^BßHßH^nlflmte ■r j m MHj Jmm Mj ISIHSr' I H 9R IHB' fHi fIK Tan Sri Frank Tsa O Founder of IMC Group The Recipient of The Inaugural Singapore International Maritime Awards
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      6 42 a E* Jsr t t >~ ~T3ttMMWBIHW^MIIIgMi^BMMWBi«MHff
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      133 42 d&fnH ip* .> < ff s&jy*. v?*** WW I V B fIK I Pf ak DIiH^HHE^HIHi^Hi H fill B R 5 fl[ s y, M Congratulations to Thome Otfshore Management Re Ltd v j|y J. t for being awarded Approved Shipping Logistics Enterprise Status (ASL) by Maritime an#Port Authority of
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      203 43 new Earth IS THE PROUD RECIPIENT OF THE ft OUTSTANDING MARITIME R&D AND TECHNOLOGY AWARD 2006 *> V I •.r y.. v;'.,,; V j FOR ITS s J;\ V 'i** v j J'V k "CRYSTALLISATION TECHNOLOGY" AT THE SINGAPORE INTERNATIONAL MARITIME AWARDS 2006 HELD ON 26™ SEPTEMBER 2006 N I
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      23 44 www.asiadear.com.sg Hedge Your Freight and Bunker Risks Effectively With SGX Asia Clear™ on SGX Asia Clear™ or assistance in activating a clearing arrangement
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      49 44 GEMINI MARINE PTE LTD 10 ADMIRALTY STREET, NORTH UNK BUILDING g| ~$T #01 -83. SINGAPORE *****5 Tel: +65-*****419 Fax: +65-*****429 www.Derformance-bQanr?Ql? jg W*" ■fc- BIRD'S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. K AT3W NOTICES
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      39 45 Ii 1 I i /^—N H :je:'iffliiiii6^H^H NYK SHIPMANAGEMENT PTE LTD 100 ELZLI Harbour Front Place #15-01 Harbour Front Tower One, I Mpn m mtmi I Singapore *****3 J TEL: 6416 7500 FAX: 6416 9925 f J Website: www.nyksm.com.sg
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      114 45 j L V.y •v.: v I ,'JB^ ST Shipping's time-chartered fleet is currently comprised of more than tankers ranging from 10,000 DWT segments being MR's, LRVs, and LR2's. ST Shipping has taken delivery of 12 additional tankers within the last IHBBBMBWMmIMwBIMHk 2 months and stand to take delivery of more
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      132 46 <323 maritime transportation in a changing world Clipper Bulk (Singapore) is pleased to have been awarded the Approved International Shipping Enterprise Status (AIS) by the Maritime and Port Authority of Singapore. Clipper Bulk (Singapore) acts as Shipowner and Timecharter operator in the Pacific and Indian Ocean. It is also the
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