The Business Times, 4 October 2006

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Total Pages: 36
1 36 The Business Times
  • 33 1 THE BUSINESS TIMES ■Vth A N N I V VES RV S A R Y VM*r SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Wednesday, October 4,2006
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  • 778 1  -  Up to 40% margins possible with prices at prime values By ARTHUR SIM [SINGAPORE] Sentosa will be home to Singapore's second integrated resort with casino by 2010 but the gambling has already started. Betting on huge profit margins at Sentosa Cove, Lippo Realty
    Photo: Mohd Ishak, Centrepoint, CDL  -  778 words
  • 814 1  -  Several have called for tenders, says E&Y partner By MICHELLE QUAH [SINGAPORE] With an increasing forest of regulations and other risks to watch out for, a host of Singapore government agencies are said to be contemplating setting up their own risk management committees
    Source: E&Y  -  814 words
  • Page 1 Advertisements
    • 151 1 XHAI LAN D EXEC MONEY Debunking some myths about insurance plans PAGE 34 IPO Chemoil Energy shelves mega offering PAGE 3 move your Hk jmMl| n/Mf iinc Eurokars Centre. 12 Sunget Kadut Ave. Singapore *****8 Tel 6363 3003. Fa* 6369 3003 Showroom hours Mon-Fri. 8 30am 5 30pm Sat. 8
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    • 20 1 Wednesday, October 4,2006 Anil Ambani is India's third richest PAGE 20 jggmj/ .-flm| Ullll 8 *****1"*****4 Markets Digest, Pg 2
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  • TOP STORIES
    • 786 2  -  COMMENTARY A thriving Reit market benefits the financial sector, the economy at large and an ageing population LESLIE YEE Senior Correspondent A 67-YEAR-OLD lady delayed the $4 billion initial public offering of The Link Real Estate Investment Trust (Reit) in Hong Kong by almost
      786 words
    • 418 2 Chemoil Energy shelves plan for USs374m IPO CHEMOIL Energy has pulled its initial public offering on the SGX due to "considerations relating to valuation". The marine fuel supplier was supposed to raise up to US$374 million, but bankers say the gap between what the company wanted and what
      418 words
    • 556 2  -  September index dips but still on expansion track By ANNA TEO [SINGAPORE] The readings of September's purchasing manager's index (PMI) show a mixed bag, with the electronics industry maintaining its recent strong streak but the other manufacturing segments faltering somewhat. As a
      Source:SIPMM  -  556 words
    • 129 2 sn 2.593.27 (-6.79) ST INDEX FUTURES 2,598.00 (-8.00) SIMSO 310.75 (-1.08) SIMSO FUTURES 311.70 (-0.90) MARKETS Tuesday Change KLCOMP 967.56 -2.11 NIKKEI 225 16,242.09 -12.20 HANG SENG 17.606.53 +63.48 SET INDEX 681J4 -2.00 JAKARTA COMP 1.537.71 +8.80 MANRACOMP 2.522.50 -20.19 SEOUL COMP Posed SHENZHEN B Posed MUMBAIIND 12,366.39
      129 words
    • 728 3  -  By OUR CORRESPONDENT in Bangkok THAILAND'S deposed prime minister Thaksin Shinawatra yesterday resigned as leader of the Thai Rak Thai party that he helped found and propel to landslide victory. "I am resigning from the party," Dr Thaksin said in
      AFP  -  728 words
    • 498 3  -  Company cites 'considerations relating to valuation' By JEAN CHUA [SINGAPORE] Chemoil Energy has called off what was supposed to be Singapore's second-biggest initial public offering (IPO) this year, citing "considerations relating to valuation". The marine fuel supplier had sought to raise up to
      498 words
  • Page 2 Advertisements
    • 327 2 Financial Reporting Standards 2006 Update Date 2005 was a significant year for the implementation of changes made to Friday, 20 October 2006 Financial Reporting Standards introduced in 2004. Since then, the pace of Time change has slowed down. However, we continue to have to pay attention 9.00 am to 4.00pm
      327 words
    • 24 2 people G ™r ,f Call us. www.thepeopleatwork.com Asia-Pacific Executive Search GOOD CLASS BUNGALOW > t <jms y K.H Tan 9456 7348 Newsman Realty Pte Ltd
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    • 21 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Cat! 1800 289 8822 or email notices#sph.com.$g,
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  • Page 3 Advertisements
    • 141 3 Hp Control is back in your hands. ■Bp It's responsiveness in a new light. The new generation E-Class has arrived. With DIRECT CONTROL Some people have to fight for control. reacts instantly to every command. The fine- accurate gear shifting, translating into a surge fA A Drivers of the new
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  • COMPANY NEWS
    • 395 4  -  Company stands to realise a gain of $86.6m or 21.65 cents per share By LESLIE YEE HOTEL Plaza announced yesterday that it had entered into a conditional sale and purchase agreement to sell its 100 per cent shareholding in Hotel Grand Plaza (Singapore)
      395 words
    • 728 4  -  HOCK LOCK SIEW By ROLAND LIM JUST what is Vantage Corp up to now? In its most recent filing with the Singapore Exchange (SGX) just last week, the board of directors of Vantage Corp said that the company was considering either buying more shares, or selling
      FILE PHOTO  -  728 words
    • 449 4  -  By MATTHEW PHAN FRAGMENTED commodity markets in Asia are an opportunity for the Joint Asian Derivatives Exchange (Jade) a joint venture between Singapore Exchange (SGX) and the Chicago Board of Trade (CBOT) that launched last week to offer all Asianbased commodities on a
      BLOOMBERG  -  449 words
    • 381 6 Reuters STREETTRACKS Gold Shares, the World Gold Council's (WGC) New York Stock Exchange-listed product, will be listed on the Singapore Exchange soon, a senior industry official told Reuters yesterday. WGC chief executive James Burton said gold's fundamentals remained firm despite a recent price
      Reuters  -  381 words
    • 328 6  -  By MICHELLE QUAH SHARES of e-waste recycler Citiraya Industries will finally see the light of day again today as they resume trading on the stock exchange, after an almost two-year suspension. The resumption of trade comes with new hope for the company upon the
      328 words
    • 364 6  -  New heads slated for HK Land, Dairy Farm, Jardine C&C By LESLIE YEE THERE will be top management changes at several companies of the Jardine Matheson Group next year, according to announcements yesterday. The affected units are Jardine Cycle Carriage, Hongkong Land
      364 words
    • 377 6  -  By UMA SHANKARI FASHION retailer FJ Benjamin said yesterday that it plans to open 15 Gap, Baby Gap and Gap Kids stores and five Banana Republic stores in Indonesia by 2011. The Gap, Baby Gap and Gap Kids stores will be
      FILE PHOTO  -  377 words
    • 296 7  -  They will involve design, engineering and construction for oil gas clients By OH BOON PING BOUSTKAI) Singapore Limited yesterday announced that its energy-related engineering division has been awarded two contracts totalling $35 million. The contracts involve the design, process engineering and construction of key
      296 words
    • 242 7  -  By LAUREL TEO ELECTRONICS manufacturer and distributor Ultro Technologies is placing out 34 million new shares at 4.6 cents each to raise net proceeds of about $1.54 million. The company said it had entered into placement agreements yesterday with various placees
      242 words
    • COMPANY BRIEFS
      • 61 7 MINEBEA will delist its shares from Singapore Exchange because of low trading volumes, the company said yesterday. It will submit its application for delisting to the SGX this month but will continue to list its shares on the Tokyo, Osaka and Nagoya stock exchanges. Minebea
        61 words
      • 74 7 FRASERS Hospitality is making a foray into the financial capital of China, a CNA report said yesterday. It said the hospitality arm of Fraser Neave has signed an agreement to manage a block of service apartments in Shanghai's financial district. The 317-unit Fraser Suites Top
        74 words
      • 89 7 CREATIVE Technology has come up with the Xmod, a device that's the size of a candy bar that connects between stereo speakers or headphones and a digital music player such as an iPod or a PC. It converts the music during playback to Creative's X-Fi
        89 words
      • 89 7 COMFORTDELGRO'S China subsidiary has sold its 60 per cent stake in a joint venture to its venture partner for 5.1 million yuan (Ssl million). ComfortDelgro said it was because the partner Yatai Anxun Network Electronic Technology was unable to obtain permission from Beijing authorities to transfer
        89 words
      • 63 7 COMPACT Metals said it has entered into a proposed debt restructuring exercise involving converting part of the company's debt into shares in the company. Including debt assignment by creditor banks, $53.57 million will be converted to shares to be issued at two cents each.
        63 words
    • 276 7  -  By WONG WEI KONG ITK Electric Co Ltd. which last month suspended its shares to inform the market of possible disposals by stakeholders, yesterday announced that a substantial shareholder has sold a large number of shares. In a filing to the Singapore Exchange,
      276 words
    • 355 7  -  By UMA SHANKARI CONSTRUCTION and property company Chip Eng Seng Corporation will team up with a Lehman Brothers' investment vehicle to develop a residential project on the former Westpeak condominium site in West Coast in a 50/50 joint venture, the
      355 words
  • Page 4 Advertisements
    • 1354 4 LONGCHEER <S* LONGCHEER HOLDINGS LIMITED NOTICE IS HEREBY GIVEN that the Annual General Meeting of LONGCHEER HOLDINGS LIMITED ("the Company*) will be held at Meritus Mandarin Singapore Room 5832,8* floor. South lower, 333 Orchard Road, Singapore *****7 on Friday, 20 October 2006 at 10.00 am for the following purposes: AS
      1,354 words
    • 385 4 ;*at^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BOY IT SELL IT F 'NO T LIFEBRANDZ LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****1348E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the shareholders of Lifeßrandz Ltd. (the "Company") will be
      385 words
    • 193 4 NESS DISPLAY HOLDINGS LIMITED (In Voluntary Liquidation) Incorporated in Cayman Islands THE COMPANIES LAW (2004 REVISION) The following special resolution was passed by a quorum of members at a special general meeting of members of this company on September 8, 2006: That the Company be wound-up voluntarily ond that Mr.
      193 words

  • Page 5 Advertisements
    • 233 5 flilflL mi \^MOS£« sliap, TTrt'' AVA rSr- \v I k\ V A. \V'\ IM^\« f u\ «K a\ I uW \H\ wA i v\\ V x V* i\ 9 1 «a\\ AwP m' V v i\ ''m mr\J \W \m\ :i i' V.m «\^®—jJP^^Nn Y vl\V i W\l» ■BH m\
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  • Page 6 Advertisements
    • 1459 6 SSgfe BIL International Limited skksf 22 victoria street W A Member of the Hong Leong Group Malaysia Hamilton hm 12 (Continued into Bermuda with limited liability) Bermuda NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 45th Annual General Meeting of the Company will be held at 80
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    • 38 6 —r~N 1 GETA \YF n Leading Edge y our sailing schedules get wider attention j in The Business Times shipping pages J Gill Bernard Ong at 6319-1645 or Michael Chng at 6319-2026 v <•**<>, mm amlaaw&rta®*wk>, mm =fc- a ->
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  • Page 7 Advertisements
    • 483 7 X-markets IP" |'yil without additional risk Interested in an investment product that offers the chance of double Subscription penod: returns', and yet bears the same investment risk as shares? 03 10 200 6 Key investment benefits of the Double Chance Certificate: Double Chance Certificate is from Double the gams on
      483 words

  • COMPANIES: CHINA STOCKS
    • 667 8  -  Beauty China, food makers to benefit from high consumer spending: Nomura By JEAN CHUA RESEARCH house Nomura has recommended eight Chinese stocks listed in Singapore that will benefit from a growing middle class in mainland China. They are Beauty China, China Essence, Luzhou BioChem, China Hongxing
      FILE PHOTOS  -  667 words
    • 310 8  -  It stays optimistic about longer-term prospects By JEAN CHUA CITING short-term adjustments relating to a recent acquisition, C&O Pharmaceutical Technology said that revenue and net profit for the quarter ended Sept 30 will be lower than those in the previous corresponding
      310 words
    • 6069 8 UNIT TRUSTS FUNDS ■TnTrmRmHHHHBiH AB Amer Income AT USO S AB Amer Income FT USD 1... 8.61 ABAmer Income A USD 8.62J **9* (Spore) AB Amer Income B USD 8.62/ AB Amer Income A EUR 6.76/ S f M Income B EUR 6.78 Star Europe B*-.. ABEurap Income Opp AT
      6,069 words
  • Page 8 Advertisements

  • Page 9 Advertisements
    • 200 9 > ASCOTT INTERNATIONAL IN THE HEART OF OVER 40 CITIES IN ASIA PACIFIC, EUROPE AND THE GULF REGION > .**> v •**-^hOll ■jf** 9 If 1 Til JItLS idCT -J"» *nS V#'" •>' vjAbmi& ir *-y S( ir* fiCi 7 *y** >, -yC' v f > M> #r J AND
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  • SINGAPORE MARKETS
    • 943 10  -  CURRENCIES Carry trades will dominate if US$ continues to dither inside narrow ranges LARRY WEE Senior Correspondent IF YOU were in the business of betting that the US dollar was going to really fall over the cliff this year, you must be pretty
      943 words
    • 1006 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Oct 3 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr 000) ('000) 1 CWT 3*0ct-06 Loi Pok Yen *Buy 30 0.59 7570 2.52 7600 2.53 See. Hup Seng 3
      1,006 words
    • Article, Illustration
      759 10  -  Compiled by UMA SHANKARI Wilmar International Oct 3 close: Ssl.lo CREDIT SUISSE, Oct 3 WE ORGANISED a meeting with the top management of Wilmar. Palm oil refining: Wilmar will likely continue to expand its refining capacity to maintain its current market share of about 35 per cent in
      Source: Bloomberg  -  759 words
    • 531 10  -  STOCKS R SIVANITHY Senior Correspondent AT THE start of trading yesterday, the Straits Times Index had gained exactly 80 points in precisely one week, thanks to a large push on the banks and property sectors, so perhaps the 6.79-point drop to 2,593.27 yesterday was not
      531 words

  • Page 11 Advertisements
    • 258 11 NELH? True Spirit, True Leader 1 '.-ifi-i*2 -tv-- !&"?*.s;"*. Introducing the all new Camry. Luxury acquires an attitude. a"--' \v- ••rihJ- i+gmt*.-, J J-„ JK&* I 1 jit .2.°"V >_ wk ..&f -V 4 i i-. 'I jHB| ''-'^n^ l jjjgjl L f ff^-,. v ---vQ Reward your success with
      258 words

  • SINGAPORE NEWS
    • 509 12  -  Govt will take more steps to boost S'pore as legal hub, says Jayakumar By WEE LI-EN AN increase in arbitration work has been supporting an expansion in the arbitration practices of law firms in Singapore, Deputy Prime Minister S Jayakumar said
      509 words
    • 418 12  -  By CHEN HUIFEN MEDICAL informatics, or the processing of medical data, could be the next big thing in the future of biomedical science, according to Genome Institute of Singapore (GIS) executive director Edison Liu. Speaking at a breakfast talk organised by
      FILE PHOTO  -  418 words
    • SINGAPORE ROUNDUP
      • 52 12 Allen Gledhill wins real estate award LOCAL law firm Allen Gledhill has been ranked as the best real estate advisory group in legal services for Asia in the Euromoney Awards for Excellence in Real Estate 2006. The real estate survey canvassed the opinions of real estate developers, advisers, financial institutions
        52 words
      • 102 12 AIR quality in Singapore continued to be affected yesterday by the haze from fires in Jambi and South Sumatra, according to the National Environment Agency. The 24-hour PSI reading at 4pm fell to 62 yesterday from 73 the day before, putting air quality in
        102 words
    • 310 12  -  By ROLAND LIM THE Land Transport Authority (LTA) will open up its fare payment system to multiple suppliers of contactless smart cards by the second quarter of 2009, when its new payment infrastructure is expected to be rolled out to coincide with the completion
      310 words
    • 496 12  -  By S JAYASANKARAN in Kuala Lumpur [KUALA LUMPUR] Prime Minister Abdullah Ahmad Badawi has responded to the apology by Minister Mentor Lee Kuan Yew for having caused the Malaysian leader "a great deal of discomfort" with his recent comments on race relations in
      496 words
    • 341 12  -  By CONRADTAN A RECORD number of corporate sponsors and individuals donated to the arts last year, boosting contributions by 11 per cent to $32.7 million. Nearly 300 corporate sponsors and individuals were feted at the annual Patron of the Arts awards ceremony at the Esplanade
      ZAOBAO  -  341 words
  • Page 12 Advertisements

  • BUSINESS EXCELLENCE
    • 926 13  -  Citigroup recruits and retains its talent with a multitude of programmes that keep them motivated and skilled, writes OH BOON PING OH BOON PING TO BRING out the best in its people, Citigroup adopts an empower-ment-to-expertise (e2e) staff development programme that centres on the
      Source:Cigroup  -  926 words
    • 859 13  -  Asia Polyurethane's chief believes in leading by example to motivate staff By OH BOON PING A CHARISMATIC leader would attract better talent, and a company is only as good as its people, according to Asia Polyurethane Manufacturing. Said its chief executive Erman Tan:
      ARTHUR lEE  -  859 words
  • Page 13 Advertisements
    • 133 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
      133 words

  • ECONOMY WATCH
    • 424 14 BOJ likely to make a decision on interest rates based on business sentiment Reuters [TOKYO] Finance Minister Koji Omi said yesterday the time is ripe for Japan's government to declare an end to deflation, given a healthy economic recovery. "Judging broadly
      Reuters; AFP  -  424 words
    • 489 14 Central bank chief targets pace 'not beyond our means' Reuters [BANGKOK] Thailand should focus on achieving moderate growth without straining the country's capacity to save or invest, Bank of Thailand Governor Pridiyathorn Devakula said yesterday. The governor, widely tipped to become finance minister
      Reuters  -  489 words
    • 499 14 Bloomberg [BRUSSELS] The economy of the dozen euro nations may cool next year on higher interest rates, increased taxes in Germany and a slowdown in global growth, the European Commission said on Monday. Oil prices and global imbalances also remain a
      Bloomberg  -  499 words
  • Page 14 Advertisements
    • 2961 14 >flTj :*at^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg C O PHARMACEUTICAL TECHNOLOGY (HOLDINGS) LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of C O Pharmaceutical Technology (Holdings) Limited (the 'Company') will be held at Esplanade Room 11,
      2,961 words

  • Page 15 Advertisements
    • 628 15 -World's first hybrid^ The all new RX4OOh. X t mK v h V Ifc v, n >A r v i-* itiihl' i iii^^ mL HkaJ i£w SMBSiyBa ,m «&gy J I|§ —i_ fife More than a car, it's a scientific revolution. ~".1 'Tj. SjfiKK''* .-r-* The all new RX 400h
      628 words

  • MALAYSIA
    • BRIEFLY ASIA
      • 90 16 Reuters [TAIPEI] Taiwan's Bank of Overseas Chinese (BOOC) is in advanced talks to be bought by Citigroup, a source at the Taiwan bank said yesterday, as BOOC denied a report that two other major international banks were planning separate bids. Taiwan's Commercial Daily reported
        Reuters  -  90 words
      • 63 16 Li Fung to buy German company Reuters [HONG KONG] Hong Kong trading firm Li Fung Ltd yesterday said it would buy the sourcing arm of German-listed Karstadtquelle AG for 60 million euros (S$ 120.8 million). The company said it would fund the deal through internal resources, while completion of the
        Reuters  -  63 words
      • 50 16 Reuters [DUBAI] Carrefour, Europe's largest retailer, is in talks with Dubai's Landmark Group about opening up to 200 stores in India, Landmark chief executive Micky Jagtiani said. Landmark's India unit is in the early stages of talks about acquiring a Carrefour franchise. —Reuters
        Reuters  -  50 words
      • 62 16 AP [NEW DELHI] Leading Indian media company HT Media Ltd, which publishes the Hindustan Times. yesterday announced a 50-50 joint venture with its main rival The Times of India Group to launch a "new and vibrant newspaper" for the 20 million
        AP  -  62 words
    • 454 16  -  Khazanah makes 200% return on investment of RM266m in Parkson By S JAYASANKARAN in Kuala Lumpur MALAYSIAN state investment agency Khazanah Nasional's best investment so far came 10 months ago when it was offered a private placement of 12 per cent
      454 words
    • 522 16 Reuters [KUCHlNG] Malaysia's crowded Islamic banking sector is ripe for consolidation and should see mergers within five years, RHB Islamic Bank said on Monday. Islamic banks have mushroomed in Malaysia, fed by strong demand for Islamic financial services and state incentives aimed
      Reuters; BLOOMBERG  -  522 words
    • 459 16 [KUALA LUMPUR] Speculation of a tie-up between DiGi.Com Bhd and Time dotCom Bhd has resurfaced after high-level meetings between the owners of the two firms, Malaysia's Business Times newspaper reported yesterday. A DiGi executive said a high-powered team from Norwegian firm
      459 words
    • 2261 16 Yd General Corp 059 -0.01 96 0c» W- (HW Gerrting 2430 030 821 George Kent 5JO -0.02 5 A&M Realty 150 unch 3 GHL System .031 -0.01 437 Abric.... 0-31 unch 0 Globetroota Tech 0.30 unch 118 ACPIntkJStnes .0.93 unch 131 GlomacBhd 1.01 -0.01 577 Advance Synergy 0.18
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  • Page 16 Advertisements
    • 452 16 In the matter of The Companies Act, Cap. 50 And In the matter of 1 (MENARD MARKETING PTE LTD (IN LIQUIDATION) (Company No. *****2458K) 2}MENARD HOLDINGS PTE LTD (IN UQUIDATION) (Company No. *****2457Z) (IN UQUIDATION) 3) BRAVOTEX PTE. LTD. (IN UQUIDATION) (Company No. *****0585G) 4)PACC MARKETING PTE LTD (IN UQUIDATION)
      452 words
    • 739 16 :*AT3 NOTICES BUY IT-SELL IT FIND IT PROVESTTRANSWORLD LIMITED (Incorporated in the Republic of Singapore) Co. Reg. No. *****0430E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 390 Jalan Ahmad Ibrahim, Singapore *****5 on Friday, 20th October
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  • Page 17 Advertisements
    • 34 17 C ongratulations H K I > v \:->,.t Tan Sri Frank Tsao i'. T Recipient of the Inaugural Singapore International Maritime Centre Awards (Individual) 2006 t '1 t from The Pacific Star Group PACIFIC STAR
      34 words

  • INDONESIA
    • 516 18 With red tape gone, state banks are on a level playing field with private ones [JAKARTAI The government has revised a regulation on state assets that has been keeping state lenders from quickly resolving their non-performing loans (NPLs), the Jakarta
      516 words
    • 220 18 Reuters [JAKARTA] Indonesia's central bank is likely to cut its benchmark interest rate by 50 basis points tomorrow after an easing in September inflation, a Reuters poll showed. The poll, conducted after the release of September's inflation data on Monday, showed 12
      Reuters  -  220 words
    • 439 18 Bloomberg [JAKARTA] Indonesia's government will invest two trillion rupiah (***** million) in a company that will promote the production and export of fuels made from crops such as oil palms and sugarcane, an official said. The company may sell shares, bonds and
      Bloomberg  -  439 words
    • 246 18 AP [JAKARTA] Indonesia's president said yesterday he would be honoured to accept this year's Nobel Peace Prize for helping to end a bloody war in Aceh province, but said it would be better if all parties involved in the deal were awarded. Experts and
      AP  -  246 words
  • Page 18 Advertisements
    • 159 18 HE'S THE WORLD'S MOST INFLUENTIAL OS3L™ GURU ON BRAND STRATEGY. HIS TECHNIQUES ON MANAGING BRAND EQUITY HAVE BEEN ADOPTED BY THE WORLD'S MOST VALUABLE BRANDS. HIS INSIGHTS ON LEADER BRANDS HAVE TRANSFORMED THE WORLD'S TOP COMPANIES. Bk\» \«T» ,JM This November, the most anticipated forum on Brands returns for two
      159 words

  • GREATER CHINA
    • 91 19 AFP [BEIJING] A girl playing with Chinese flags used as decorations in a Beijing park yesterday. As China celebrates a week-long National Day holiday or "Golden Week" holiday, which runs from October 1 to 7, China's cabinet, or State Council, is considering whether to add extra "Golden
      AFP; REUTERS  -  91 words
    • 298 19 Fund with 220b yuan in assets will invest only 1b yuan overseas: report [HONG KONG] Nine money managers and two custodians have been selected to manage the investments of the National Council for Social Security Fund, China's state-run pension fund, The Standard newspaper
      298 words
    • 336 19 [HONG KONG] Regal Hotels International Holdings, controlled by Lo Yuk-sui, hopes to raise at least HK$4 billion (SsBl2 million) from the sale of units in a real estate investment trust (Reit) based on its five hotels in the city, the South China
      336 words
    • 307 19 Bid lacks support from Chinese govt departments Bloomberg [BUENOS AIRES] Arcelor Mittal, the world's largest steelmaker, may fail in its bid to buy a stake in Laiwu Steel Corp because it "lacks support" from some government departments, an executive at China's eighthbiggest steelmaker
      Bloomberg  -  307 words
  • Page 19 Advertisements
    • 139 19 IB' »H -^jiMI 55•' ;BHHv jdUH mi: SlSin^^Km^^BumiltK:s aHSfer l^i^H HBHII H: s::! I ng^^HKa -»^P*^^B^^B^Et*ltolbWßßß^^Bßl^^^^^ i^lM^^^^B^^BHßß^BbM>! Js?j <i9BI*bW f ifs ;^B!^^^^^^Bwi^l^^lßßßHS9^^^^^Eß B Jp^^ J 1 i LI M |H^|9^^ You&U^^^^ Where the global econffl^ 2?>-£27>szr£cH<z>?2& 33&>osoos/&>& 2£o3s<>sv v/w' >o< AS? 7>Z Tr-C />■■<■ TSs/tvx 7>y >■£ />.•/>/ >C T~rf~*
      139 words

  • INDIA
    • 589 20 Venture capitalists, foreign investors 'set to invest US$5b in real estate' Bloomberg [HONG KONG] India will have at least 50 propertyrelated initial public offerings (IPOs) in the next year as the real-estate industry booms, said Anish Jhaveri, HSBC Holdings
      Bloomberg  -  589 words
    • 405 20 Economic Times [MUMBAI] Just a little over a year since its birth, Anil Dhirubhai Ambani Group (ADAG) has moved into the elite group of corporates that boast of a market capitalisation of more than one trillion rupees (Ss3s billion), making its
      Economic Times; AP  -  405 words
    • 506 20  -  It earns US$1,500 from every tourist: UN agency data By PRIYANKA BHARDWAJ in New Delhi INDIA is no longer the land of the budget traveller from the West. The country has emerged among destinations with the world's highest spending by individual tourists. According
      506 words
  • Page 20 Advertisements
    • 1431 20 E3 CHUAN HUP HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Co. Reg. No. *****0572R Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the THIRTY-SIXTH ANNUAL GENERAL MEETING of the Company will be held at The Board Room, 390 Jalan Ahmad Ibrahim, Singapore *****5 on 20 October 2006
      1,431 words
    • 49 20 Over 500 Locations II Ask us about Corporate, Individual or Group Instruction. I I Cal Berfitztoday6733*7472 or visit www.berlrtz.com.sg I 901 Orchanl Road W6-03/04Wheek)ck Place Sjngapon23Bßßo J* Lianhe Zaobao I Ginseng-1 I growing I I pint venture for I I former minister I I of state I I JohnChei^^l
      49 words

  • MIDDLE EAST
    • 950 21  -  They can leverage on expanding Gulf economies, says IE S'pore official By CLARENCE MICHAEL in Dubai SINGAPORE companies will be able to significantly increase their business revenue generated from the Middle East over the next three to five years by building on the
      950 words
    • 476 21 [DUBAI] Corporate governance standards in the six Gulf Cooperation Council (GCC) countries are poor, with the region generally complying with only half the internationally accepted best practice codes, says a report in the online edition of Gulf News, citing a study released recently. The
      476 words
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  • ASIA-PACIFIC/WORLD
    • 605 22  -  Ties with S Korea thawing as foreign minister Aso is invited to Seoul By ANTHONY ROWLEY in Tokyo A DIPLOMATIC relationsthawing visit by Japan's new prime minister Shinzo Abe to China and South Kois expected to be announced officially today. In .another development, Japan's
      605 words
    • 585 22  -  By OUR CORRESPONDENT in Bangkok' THE Thai Ministry of Commerce yesterday issued guidelines to help the small businesses which supply big stores. The move comes a week after the ministry's call for the retail giants themselves to halt their expansionary phase.
      BLOOMBERG  -  585 words
    • 420 22 tives. Reuters. Bloomberg [NEW YORK/LONDON] Nasdaq Stock Market Inc is now "Cleared to rebid for British rival the London Stock Exchange (LSE), although a source familiar with the matter said on Monday the US equities exchange is not in any hurry
      tives. — Reuters. Bloomberg  -  420 words
    • 287 22 Bloomberg [BRUSSELS] A European Union-sponsored economic study will give support for capping lawsuits against auditors, an idea pushed by the accounting industry since the Arthur Andersen firm's "death penalty" in the Enron Corp scandal. Limiting compensation awards would prevent a large judgment
      Bloomberg  -  287 words
    • 529 22 NYT THEIR pockets bulging with cash, private equity firms have found a new business where they can place their multibillion-dollar bets: gambling. Harrah's Entertainment, the largest casino operator in the world, said on Monday that Apollo Management and the Texas Pacific Group had
      NYT  -  529 words
    • WORLD WATCH
      • 76 22 AFP [TOKYO] Japan's Nintendo Co yesterday raised its net profit forecast by one-fifth for the year to March thanks to solid sales of the Nintendo DS portable game console and a weaker yen. The world's largest maker of portable video game consoles predicted
        AFP  -  76 words
      • 91 22 AP [TOKYO] Nissan chief operating officer Toshiyuki Shiga yesterday said his company will conclude talks on a possible tie-up with General Motors Corp and Renault by mid-October, as planned. He declined to comment on a remark by GM chief executive Richard Wagoner
        AP  -  91 words
      • 63 22 Reuters [LONDON] Giant US pension scheme Calpers has invested US$2OO million in a European fund of shareholder activist company Governance for Owners (GO) and taken a 6 per cent stake in the company, GO said yesterday. Calpers has put the money into GO's European
        Reuters  -  63 words
      • 72 22 AP [TOKYO] Sony shares plunged 2.75 per cent yesterday after analysts raised questions about the upcoming release of Sony's much-anticipated Play Station 3 video game console. Technical problems for the Play Station 3 at the Tokyo Game Show are the latest embarrassment
        AP  -  72 words
      • 75 22 Bloomberg [MANILA] Megaworld Corp, a Philippine builder of residential and office buildings, said it will spend six billion pesos (S$ 190.4 million) to seven billion pesos a year for the next five years "amid an increasingly buoyant market". Demand for office space for call centres
        Bloomberg  -  75 words
      • 68 22 Reuters [BRUSSELS] Software giant Microsoft has filed an appeal against a 280.5 million euro (*****.2 million) fine the European Commission imposed in July, holding it defied a 2004 antitrust ruling. "As Microsoft said in July, we would appeal the fines imposed on the
        Reuters  -  68 words
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    • 41 22 ifsnm 4MI rZiZVi ImWSB•# 9 v, |R1 iF] I KJ mmm f M rw V W mjj lif 0 «dio9lo w Hotline 6691 is #€l 6 mmWWWWWW^m Radio 91.3 is managed by SPH Unionworks, a subsidiary Of VflP Singapore Press Holdings
      41 words

  • MOTORING
    • 539 23  -  Petrol-electric cars are expensive and it takes time for buyers to catch on By SAMUEL EE WHILE sales of Toyota and Lexus hybrid cars are expected to make up less than 5 per cent of authorised distributor Borneo Motors Singapore's revenue
      539 words
    • 540 23  -  By SAMUELEE ANOTHER new brand of vehicle has entered the taxi market here Ssangyong since the recent introduction of marques other than Toyota, Nissan and Mercedes-Benz. SMRT Taxis this week launched the latest and the largest model so far: the Rodius MPV. This massive
      540 words
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    • 117 23 mm /1 jii; tL zl r ifw r i iH z9 i ww jBI Bl I **m ft jr\ I|K I mS&S 1 f m I Subscribe How <S^^BB^BB I r Z.J fi J >j J w 1 w r* I rT% I IT*]| stmdToWkiANoUaNM 9 1 THESTRAITSTIMES 1 r
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  • AVIATION
    • 656 24 Lufthansa's delivery to be a year late; Emirates' will be 10 months AP [PARIS] Lufthansa and Emirates said yesterday that their orders for A3BO superjumbos will be delayed by up to a further year, as Airbus parent EADS was expected to reveal the
      AP; REUTERS  -  656 words
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    • 414 24 Reuters [BRUSSELS] Airlines urged European and US negotiators on Monday to agree to a new deal on passenger data transfer soon but said aviation traffic had not been affected by the expiry of the previous pact over the weekend. EU justice commissioner Franco
      Reuters  -  414 words
    • 187 24 AP [JAKARTA] A domestic passenger jet skidded off the runway after landing at an aifport yesterday in central Indonesia amid poor visibility because of smoke from brush-clearing fires, officials said. The Boeing 737-200 plane came to a stop in swampland around 30
      AP  -  187 words
    • 278 24  -  By CHEN HUIFEN [SINGAPORE] Global express services provider TNT yesterday announced it has invested $500,000 on a radio frequency identification (RFID) solution, which can allow customers to monitor the temperature changes of their medical products in transit. "An increasing number of medical products must
      278 words
    • 347 24 AP [WICHITA, Kansas] Surprised by a strike vote from its machinists, Bombardier Aerospace struggled to keep its Learjet production lines and service centre open on Monday as it won a court injunction to keep strikers from blocking access to the plant. "The first
      AP  -  347 words
  • Page 24 Miscellaneous
    • 180 24 CRYPTIC CROSSWORD DOWN variety (5) YESTERDAY'S SOLUTION 1 Country held by Afghan army 15 This boat can, going across a Across: 1 Cowbane, 5 Foundry, 9 (5) river (9) Olympic, 10 On Paper, 11 Union 2 State much the same as 5? 17 Polish a line of footwear (6) Jack,
      180 words

  • SHIPPING
    • 536 25  -  New environment must embrace competition, free market, they say By DONALD URQUHART [SINGAPORE] Global shippers have applauded last week's announcement by the European Union that it is withdrawing the antitrust exemptions for the liner shipping industry, hailing the decision as a boon
      AFP  -  536 words
    • 489 25 Move may start new European shipbreaking industry AP [PARIS] Two Suez subsidiaries and another French company will dismantle a 64-year-old French warship in a deal announced on Monday that they hope will lay the groundwork for a new European shipbreaking industry.
      AP  -  489 words
    • 765 25  -  STRAIT TALK By DAVID HUGHES THE timing of last week's decision by the EU's Competitiveness Council to ban liner conferences from October 2008 took the industry slightly by surprise. It appears that neither the lines nor the shippers had been expecting a decision quite so soon.
      765 words
    • 285 25 SGX 000 OcU SS Vol CH Offshore .038 001 217 ChuanHup .032 unch 380 Cosco Corporation 1.69 0.03 8589 CWT Distribution 0.59 -0.01 324 Ezra Hldgs .3.06 0.11 2053 Freight Links 0 08 0.01 6474 Grand Banks Yacht 0J7 0.02 57 Java Holdings 1.47 0.06 3442 K1 Venture
      285 words
    • 512 25 [KUALA LUMPUR] Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly-owned unit of MISC Bhd, is seeking to collaborate with other shipyards in the country in the construction of deepwater facilities for the oil and gas industry. "We are making initial contacts
      512 words
    • 233 25 TANKER MARKETS Bloomberg [LONDON] The cost of transporting crude oil from the Middle East to Asia on 2-miUion-barrel tankers fell to the lowest in eight weeks as a weeklong vacation in China added to spare ship capacity. Freight rates slumped 13 per cent
      Bloomberg  -  233 words
  • Page 25 Advertisements
    • 103 25 SHIPOWNERS ■I Ship Registration I Ift) International Ship Registries (ISR) provides fast I efficient service for registration licensing of I wft ships under various flags. I Ship Classification I International Ship Classification (ISClass) is an R \Jt) independent organization providing classification S isciott services for newbuildings existing vessels as well
      103 words

  • EDITORIAL & OPINION
    • 520 26 EDITORIAL THE sharp decline in the oil price and continuing buoyant demand are causes for cheer in global aviation industry. The International Air Transport Association (lata), the 261-member group representing 94 per cent of the world's airlines, expects the industry to better its latest US$l.7 billion
      520 words
    • 791 26  - History spat puts BeijingSeoul ties on thin ice THE BOTTOM LINE FRANK CHING IRONICALLY, China and South Korea, the two countries that are putting the most pressure on Japan to face history, are themselves embroiled in a dispute ovef history that threatens the amicable relationship that the two have largely
      791 words
    • 813 27  -  Blogs and 'social networking' sites represent new forms of e-schmoozing ROBERT SAMUELSON The Washington Post Writers Group CALL it the ExhibitioNet. It turns out that the Internet has unleashed the greatest outburst of mass exhibitionism in human history. Everyone may not be entitled, as
      The Washington Post Writers Group; AP  -  813 words
    • 894 27  -  Oil prices have stayed above US$50 a barrel for 15 months, prompting a scramble to develop alternative energy sources By ANGELA MACDONALD-SMITH Bloomberg CHINA and India are accelerating development of wind power, luring companies including turbine maker Vestas Wind Systems A/S,
      Bloomberg  -  894 words
    • 307 27 LETTERS TO THE EDITOR I REFER to your Hock Lock Siew article (BT, Oct 3) on integra2ooo Ltd. Christopher Chong has intimated that he will not be proceeding with his court application to validate the otherwise invalid EGM on Sept 25, 2006. The lawyers
      307 words
    • 78 27  -  Denis Distant Singapore I REFER to DBS's sale of its stake in its Capital OK joint venture with Shin Corp in Thailand for $28 million. Shin Corp has been in the news recently and it would be of interest if DBS would indicate
      78 words
    • 1087 26  -  Opposition is mounting from political parties, farmers' groups and economists over how land is acquired and how tax breaks are doled out for such projects By SARITHA RAI NYT ABOUT 25 miles south of the Chennai airport, past rows of ramshackle shops and
      NYT; BLOOMBERG  -  1,087 words

  • Page 27 Advertisements
    • 284 27 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterGsph.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.
      284 words

  • 10130 28 SGX MAINBOARD Transaction date: Oct 3 52-Wk Td Last Vol Day Last Quote Dtv GrYld Not MCao High Low Codo Company Sale fOOO) High Low luyor Soior Cvr Wft Sni 15 1 5716 1st Software 2.5 unch 165 2.5 2.5 2.5 3 10.1 115 6 3148 8Telecom 65
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  • 6062 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In leal an la SS In US$ dy yr dy %yf dy %yr Oct 2 Indmi Puny Change Change Ovnge Change Change World Index Preliminary 1032jS ft! 65 0.2 44 03 95 «EAfE Preliminary 1039 J 01 M 06 7 7 0.7 QjQ
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  • Page 30 Advertisements
    • 948 30 UK CONTINENT SERVICE 11.5.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG lAX/VCW/MZL OCEAN TRADER RDM/ATW/TLB/NAN STXPOTBN CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia A Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination r— BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Destination ADDU STAR JDH/AQA GLENGO INC/BSN JUPITER CHAM DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia,
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    • 50 30 DST Lines Pte Ud UNO: *****93X00 (BOOKING AGENT FOB TRAMPER VESSELS) CONVENTIONAL SERVICE MV B M SINGAPORE/DUBAI 10 20 OCT 2006 50 TONS LIFTING for bookings, Pious* nnl to solosWsltnes.com Or coll us at 626 ***** *****329 *****728 or fax *****347 Attention: Mr Anthony Chan or Mr Ng Kah Yong
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    • 556 30 ItNTIKASIA KOKO SiitVKl vßsa/vor ramkut) nbghtpS m «n 10 I sjh I jkt MCHIO EXPRESS 77 SO 4J I OS/10 10/10 ORCHID EXPRESS 79 50 4.5 28/10 30/10 SItAITS EXPKESS St 30 4 05/11 30/10 01/11 IlltlllllALl anan JLIBUIfI I iwmwi I vßsa/vor ummn hbchtw to snim stp m mm
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  • Page 31 Advertisements
    • 2495 31 WAN HAI INTERNATIONAL PH LTD a NO: **********0/R \\NhT\WAN HAI LINES Y 11V llflll llftl ftilllk«P mi&msMMMiwimsMnwnHibMatsfioNUbMmtMt V J°H 1H: (071 2SISVZ3 FAX; (07)251M71 80 IH: (031) JWS47SFU; (031) JW7714/ 32*1104 —L-; JCT TIL 1021} S2S4IOOFAX:(O2I) *****1ftPUIItL *****0/*****1 WJL *****1 WWW.WIMW.IW.H 11B; |04l) ***** C HUfc mi) 4HWB/4MHOO I'vcsa I
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    • 20 31 PLACE YOUR AD HERE Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9B65 OR BERNARD ONG AT 9675 0002
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    • 786 32 EBI Nordana (Asia) Pte Ltd KSSSST MP 70 Sh—t— Way, *21-03 Martoa Huse SkyyfQ *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES AKE ARKIVAI DATES m Saggf* I (Wlrid I Qrtefs Islori Parirfarf— mEgg W& xJ Q?ort 170 ft ttflrt 26 ort giiaas jjHjj fflAt
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    • 433 32 aa'fifs^— fli —Mt— SBB==BS==i?ii==K= U7U FUWTM 9178 w'/lfl 3TVIO Mm wot R7T? G$n Mkha Sn Rfa [ErTO''rff| BTfinSß^ Lww»Br at_. 11/10 14/10 HAfjflT 227" 27/1Q 11/0 tt/jo MMKMXM SHKfT 020 I 11/10 I 22/10 1 21/10 I 1 W KATTffg I FWHi 111/11 07/11 TO/1 T 03/11 VESSCi VOT SM
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    • 135 32 ■BBlBi!eai«^4r^wi^iJisT^in»/iol ■PfSPWI nGEB SHAW 42M 07-01/10 13-15/10 11-13/101 r iGni srr 10-11/10 17-11/10 24-25/10 ■1l B m,MI 430* 14-15/10 20 22/10 28-29/101 Mf 431N 17-11/10 24-21/10 3101/11 1 PBBWI TI6aM IBt ***** 21-22/10 27-21/10 04-05/11 1 B^n^Bßtoß^^o!^o3s^Mni^^ri7/i^ ■lIVniIBrONGWMG 101 05 06/10 1315/10 23-24,10 ■UUIfeBTIGa OIFT 036N 13-14/10 19-21/10 29 30/10
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    • 427 32 CONVENTIONAL SERVICE ETA SIN LOADING FOR 04 OCT CHENNAI 05 OCT MALE, COLOMBO 15 OCT BOMBAY, CHfTTAGONG 19 OCT DUBAI. DAMMAM V r®i iLORrNAVIMTI'oNGROUpI I( SNKt 1970 It OWNS OPERATIS THE YOUNGEST FLEET J WITH FOURTEEN 7,000 DWT TWEEN DECKERS ICOVIIUNO THE ENTIRE ASIA PACIFIC PORTS I UOULAJt WHKLY SCItVICIS:
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 5913 33 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser vessel Voyage Telephone SIN Dasfn Name Name Number Number SIN Datfn Nam* Nam* Number Number 30/10 04/12 NGPl BOULARIBANK 5P200 *****288 To ABIDJAN (ABJ) 2003 Cote D'lvoire To DURBAN (DUR) 2118 South Africa 12/10
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  • executive Money
    • 890 34  -  GENEVIEVE CUA Personal Finance Editor Disclosure has so far been prodigious in the insurance industry in Singapore. Today's benefit illustrations for new policy sales could run to 10 pages or more, and that does not even include any "know your client" questionnaires. Yet disclosure
      890 words
    • 989 34  -  In the wake of burgeoning demand for the instrument in Asia, GENEVIEVE CUA focuses on what investors should look out for GENEVIEVE CUA STRUCTURED products should be seen in the context of a client's entire portfolio, where it can play a role in dampening
      989 words
    • 244 35  -  ~By i Chua Boon Lee, Standard Poor's Associate, Fund Services THE eye-popping losses racked up by energy fund hedge fund specialist Amaranth Advisors LLC, is a timely reminder that sectors promising high returns carry with them above-average risk of losses. Unlike hedge funds, the traditional
      244 words
    • 642 35  -  But Fidelity analyst Christopher Getter warns against taking high-risk bets, reports GENEVIEVE CUA GENEVIEVE CUA Emerging market debt remains a "valuable" component in a retirement portfolio, but taking high-risk bets at current levels may not be rewarding, says Fidelity Investments' sovereign research analyst (emerging market
      Source: JP Morgan Securities Inc. Fidelity  -  642 words
    • 1260 36  -  MONEY MATTERS But the gains are going to be hard-fought grinding higher rather than rallying sharply LIM SAY BOON GLOBAL asset prices appear to have more upside although the trek to those higher levels is getting more difficult. Over recent months, global asset market
      Source: Bloomberg  -  1,260 words
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    • 385 34 MOOOOfM Mj 3 ToplO Artistesz jf George Mlcheel I C 2 Jlepeche Mode a 0 Gwen Stefani <Q Queen 0 1 J"? J© 6«. The fogies JBfc e Kylle Mlnngue «B gv Journey SMS 9766 6913 MMIIM© Radio 91.3 is managed by SPH Unionworks, a subsidiary of ttiv Singapore Press
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    • 10 34 MONEY MATTERS Asset prices may see more upside PG 36
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  • Page 35 Advertisements
    • 2814 35 69 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I 9 Ellipsiz Ltd (Incorporated in the Republic of Singapore) 111 I Company Registration Number: *****8329R 111 1 Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Ellipsiz Ltd (the "Company") will be held at 29 Woodlands
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  • Page 36 Advertisements
    • 94 36 More than 250 years of uninterrupted history JiH VJI^W Caliber /i^^v scale 1-kilometer tachymetric J|^V totalizer. Manually markers a for the Diameter 41.5 mm. Sapphire-crystal caseback. Water-resistant to 30 meter (-100 feet). Standard buckle. White Gold. *****/000G-9098 VACHERON CONSTANTS Manufacture Horlogere. Geneve, depuis 1755. Vacheron Constantin Boutiques Singapore: Ngee Ann
      94 words