The Business Times, 5 October 2006

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Total Pages: 30
1 30 The Business Times
  • 32 1 THE BUSINESS TIMES W th A N N I v In s a r y SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Thursday, October 5,2006
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  • 593 1  -  Two white knights each sitting on $130m paper gains By MICHELLE QUAH [SINGAPORE] The market unleashed the full force of its pent-up interest in Citiraya Industries yesterday, when the counter finally resumed trading after an almost two-year suspension. Buyers snapped up the stock
    Source: Bloomberg  -  593 words
  • 850 1  -  Pushed by rising competition at home, many are answering the call of new markets abroad By UMA SHANKARI [SINGAPORE] Singaporean mid-tier food chains with a well-established presence here are now going abroad in search of new markets where the margins are better and the competition
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  • TOP STORIES
    • 760 2  -  Investors deserve better explanation from company By LESLIE YEE [SINGAPORE] Pulling an initial public offering is never easy as much time, effort and money is spent in the months leading up to the issue. That a high profile IPO like that of Chemoil
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    • 423 2 Eighth Wonder beefs up IR bid with hotel plan EIGHTH Wonder is planning for at least four hotels in its bid for the Sentosa integrated resort, including one with Starwood's über-hip W Hotel brand. But it is not favoured to win Genting International, which has partnered Star Cruises
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    • 610 2  -  By RONNIE LIM [SINGAPORE] As oil prices slid past US$6O-62 levels to plumb seven-month lows of below US$59 a barrel, traders here said they are now bracing for the next psychological level of US$55 and that is when they expect Opec
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    • 132 2 STI 2,602.92 (+9.65) ST INDEX FUTURES 2,608.00 (+10.00) siMsa 311.82 (+1.07) SIMSa FUTURES 311.70 (unch) MARKETS Wednesday Change ICL COMP 964.06 -3.50 NIKKEI 225 16,082.55 -159.54 HANG SENG 17,629.21 +22j6» 5ETINOEX 6«7.96 +4.12 JAKARTA COMP 1,537.08 -0.63 MANILA COMP 2,486.82 -35.68 SEOUL COMP 1,352.00 -22.22 SHENZHEN JL Oowd
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    • 787 3  -  It plans, to partner Starwood which will manage at least 4 hotels including the hip 'W' brand By DANIEL BUENAS [SINGAPORE] In a move aimed at bolstering its chances of winning the bid for the Sentosa integrated resort (IR), Eighth Wonder
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    • 586 3  -  It has plans to operate over 30 hotels and resorts By ARTHUR SIM [SINGAPORE] Singapore hotels giant Pontiac Land Group is waking up and has plans to double the number of its own hotels very soon. The group already has $1 billion worth
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  • Page 2 Advertisements
    • 134 2 people No mountain high enough. www.thepeopleatwork.com Asia-Pacific Executive Search 3 :jr < JA. i YRic.avi k PRESENTS OI'FR fj (~s is 13 14 October 2006 Bpm Drama Centre Theatre A night of opera at the mo\ ies, tea tilling some «>t the* most memorable tunes including highlights from The Barber
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    • 18 2 CHARTING DIRECTIONS Place your AGM and E6M notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • Page 3 Advertisements
    • 147 3 THE HOUR GLASS Contemporary Horological Art > (t fa \!)H!h m-:k .IN Ai i I 4 >) I lib* 1 DANIEL ROTH M 1 ti»r i i ♦)4 i API or .wA > MM A)> f♦« t M.tyi! i* THE HOUR GLASS S|N(.AI'OR[ MMAYMA IHAIIANM lAKAMHM AY A"> HI »,S
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  • COMPANY NEWS
    • 364 4  -  Firm appeals court decision on dispute with McDonald's By WEE LI-EN LOCAL food and beverage company Future Enterprises a subsidiary and core unit of listed Food Empire Holdings has lost its trademark battle over its Mac Coffee mark to McDonald's Corp in the High
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    • 674 4  -  WARRANTS WATCH HOCK LOCK SIEW By R SIVANITHY ON Monday, Deutsche Bank announced the launch of yet another structured product. Called the double chance certificate or DCC, it is not to be confused with the discount certificate or DC that Deutsche introduced
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    • 468 4  -  Hang Seng warrants 25.2% of Q3 turnover By R SIVANITHY TRADING in structured warrants for the first nine months of this year at $9.6 billion was marginally lower than last year's corresponding $10.6 billion, but the popularity of index warrants is increasing particularly on foreign
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    • 454 5  -  Compensation for delivery delays could hit $300m, say analysts By VEN SREENIVASAN SINGAPORE Airlines's stock rose yesterday, boosted by the prospect of up to Ss3oo million in compensation payouts from Airbus. SIA shares spiked 30 cents to close at 5514.80 yesterday as the
      AFP  -  454 words
    • 507 5  -  By ROLAND LIM TWO days after Pacific Internet (PacNet) said that it will convene the extraordinary general meeting (EGM) requisited by its two largest shareholders Vantage Corp and Mediaßing, Mediaßing has come out to ask Vantage to make its intent in PacNet
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    • 5394 5 UNIT TRUSTS FUNDS ABAmer income AT USD 8.6/ A8 Amer Income BT USD 8.63/ AB Amef Income A USD 8.61/ AB Amef Income BUSO Ml/ SBfttfopejforj AB Amer Incoipe A EUR 6.76/ Star Europe Bond 1.197/ AB Amer Income B EUR 6.761 1. ABEuop Income Opp AT SGD 1107/ Star
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    • 438 6  -  US$20m purchase to help it tap simulation, digital media markets By MATTHEW PHAN SINGAPORE Technologies Engineering (STE) is paying US$2O million for 80 per Cent of US-based MAK technologies, which writes Simulation software for synthetic networked environments, it said yesterday. MAK's
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    • 361 6  -  By JEAN CHUA COMFORTDELGRO has won another deal in Australia, this time in Hunter Valley near Sydney, the country's largest city. The land transport company said a subsidiary of its 51 per cent-owned ComfortDelGro Cabcharge has signed a seven-year contract with the Ministry of Transport
      FILE PHOTO  -  361 words
    • 277 6 Bloomberg [BANGKOK] Advanced Info Service Pel, Thailand's biggest mobile-phone operator controlled by Singapore investment company Temasek Holdings, said yesterday it may gain as many as 1.5 million subscribers with cut-rate call pricing. The stock rose. Advanced Info on Sept 30 started
      Bloomberg  -  277 words
    • COMPANY BRIEFS
      • 54 6 Airocean reclassifies 'impairment 1 Kern AIROCEAN has made a reclassification to its Q1 results. The negative goodwill resulting from the acquisition of the remaining 49 per cent in aeßo2ooo Ground Services that was offset against the 'impairment of intangibles' has now been reclassified as 'other revenue'. This has no impact
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      • 54 6 VANTAGE and three wholly owned units have sold in the open market 3.04 million shares in Jack Chia Industries (Thailand) Public Co. The 22.54 per cent stake was held for investment purposes, Vantage said. The 69.6 million baht (about 552.9 *6* million) sale led to
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      • 46 6 BIOSENSORS said Japanese subsidiary Biosensors Japan has received approval from the Japanese Ministry of Health Labour and Welfare to market and commercialise its S-Stent in Japan, where the coronary stent market is estimated to be worth more than US$6OO million.
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      • 32 6 SUBSTANTIAL shareholder and founder of ITE Electric, Sia Teck Mong, yesterday sold his 10.63 per cent stake to an unnamed party. No transaction price was given.
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    • 474 6  -  By LAUREL TEO A DEVELOPER will become the majority shareholder of Compact Metal Industries (CMI) in a proposed debt restructuring exercise for the loss-making and debtladen aluminium specialist. Giving more details on the restructuring yesterday, CMI said that Chng Gim Huat,
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  • Page 5 Advertisements
    • 45 5 AllianzGl RCM Global Twin-Focus Fund a fund that offers you twin benefits Allianz tffi) I i' of potential quarterly payouts and limits possible downside. Visit OCBC and other r ,7 r f 7 r Global Investors appointed distributors for more details company regn no *****/169Z
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    • 171 6 JkL—* I x A esources Company Capability Resources Licensed provider of TapßooT® systems for Asia Australia -tss 5-Day TapßooT® Advanced Root Cause Analysis Team Leader Training In five days you will learn to lead a team and facilitate a 0 TapßooT® investigation for finding the root causes of 6th 10th
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    • 66 6 THE BUSINESS TIMES NOKIA E6l CONTEST Will it be yours? Fast flexible connectivity 3G WLAN enabled Multi-tasking Send receive email while talking on phone SIMPLY ANSWER THIS QUESTION FOR A CHANCE TO WIN "How would mobility enable you and your team organization to have a competitive edge and enhance the
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  • COMPANIES: CHINA STOCKS
    • 593 7 Reuters ASIA Environment Holdings Ltd, a China-based water treatment firm, said it wants to move away from mainly building water treatment systems to operating them in order to earn a steady revenue stream. The firm, which treats the waste-water generated from residential and
      Reuters  -  593 words
    • 567 7  -  Too early to predict effect of new rule but bankers feel it's not meant to curb overseas listings By JEAN CHUA IT is too early to assess the impact of rules that require Chinese companies to obtain government approval
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  • Page 7 Advertisements
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    • 15 7 Some think breakfast. We think research. J '•I*'; ft*. Investment Banking Private Banking Asset Management
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  • SINGAPORE MARKETS
    • 526 8  -  STOCKS Relisted Citiraya takes a dive in volatile trading, pulling down white knight Equation R SIVANITHY Senior Correspondent CITIRAYA Industries and the former Heshe Holdings, now known as Equation Corp, provided the main trading focus yesterday, the former undergoing a hugely volatile session and dragging
      Source: Bloomberg  -  526 words
    • 1006 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Oct 4 and earlier) Subsantiai No of. Price SHAREHOLDING Trans Shareholder/ BuyI Shares Por Before After Stock Pate Director Set 000 Shr f«00| COOP) ITEElec 4-Oct-0€ Sia Teck Mong Sell 8220 na 8220 10.63 0 0.00 Vita Hldgs 4*0ct-06 Jiang Haiying
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    • Article, Illustration
      967 8  -  Compiled by MATTHEW PHAN Sinwa Oct 4 dose: $0,345 KIM ENG RESEARCH, Oct 4 SINWA'S recent move into offshore equipment supply has added a new growth wing to the company. We see the JV with KS Energy as a prelude to more contracts in the O&G capital equipment field.
      Source: Bloomberg  -  967 words
    • 541 8  -  CURRENCIES LARRY WEE Senior Correspondent A SHARP oil-led slide in commodity prices overnight dictated the action in financial markets, after lifting Wall Street's benchmark Dow Jones industrial index to a record high but punishing commo- dity-related currencies such as the Australian and Canadian dollars.
      Source: Reuters  -  541 words

  • SINGAPORE NEWS
    • 455 9  -  Scoring 6.78 out of 10, it trails UK and US but is ahead of HKand M'sia By MATTHEW PHAN SINGAPORE has been ranked 12th in the Transparency International's Bribe Payers Index (BPI) 2006, which compares how likely companies from the world's 30
      Source: Transparency International  -  455 words
    • SINGAPORE ROUNDUP
      • 160 9 German exhibition on at URA Centre THE Urban Redevelopment Authority (URA), in collaboration with Goethe-Institut, is presenting an exhibition entitled Made in Germany Architecture Ecology at the URA Centre from today to Oct 28. The exhibition, the first in a series of exhibitions produced
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      • 160 9 German exhibition on at URA Centre THE Urban Redevelopment Authority (URA), in collaboration with Goethe-Institut, is presenting an exhibition entitled Made in Germany Architecture Ecology at the URA Centre from today to Oct 28. The exhibition, the first in a series of exhibitions produced by
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    • 224 9  -  By OH BOON PING A GROUP of five companies yesterday signed an agreement with a subsidiary of Al-Qudra Holding Group, a private general investments company, to work together on land transport projects in Abu Dhabi. Called the Singapore Land Transport Consortium (SLTC), its
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    • 351 9  -  By MATTHEW PHAN SINGAPORE and the Czech Republic could develop further business links in the areas of microelectronics, semiconductors, nano and biotechnology, Martin Tlapa, Deputy Minister of Trade and Industry for the Czech told a business forum yesterday. Only three Singapore companies
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    • 455 9  -  Policyholders also can join new plan with global cover By GENEVIEVE CUA GREAT Eastern Life has launched a fresh version of its Shield plan under the CPF umbrella where claims will be paid on an "as charged" basis. It is also offering
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    • 320 9  -  By SAMUEL EE AS expected. COE premiums came tumbling down after the mid-quota year review two weeks ago saw increases for several categories of vehicles. The mid-quota year review of vehicle certificates of entitlement added 20.4 per cent for Category A (cars under 1,600
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  • Page 9 Advertisements
    • 20 9 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. CalllBoo 289 8822 or email notices@sph.com.sg.
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    • 45 9 11 I' DUOREST Optimum Comfort... Dynamic Sitting... at work... at home... at play... i n 6 Raffles Boulevard #03-337 DUOREST Ergonomic Chairs WmK/K/k tT,S, S^S^^' 4 3380 Opt, E nd s e d by Singapore KB Physiotherapy Association Sole Agent: Impact Lifestyle mc Pte Ltd
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    • 466 9 »ATcCi? NOTICES NOTKX OF APPOINTMENT OF PROVISIONAL LIQUIDATOR PLASTIC CENTRE PTE LTD (incorporated In IK* Republic Of Singapore) Take notice that Lee Swee Siek of 27 Foch Rood #02-06 Hoo Nam Building Singapore *****4 has been appointed provisional liquidator all Ihe above named Company on 21 September 2006 pursuant to
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  • SINGAPORE INTERNATIONAL
    • 984 10  -  Singapore food services firms have unique selling points in Japan, reports CHEN HUIFEN CHEN HUIFEN Authentic Singapore food like the delectable Hainanese chicken rice, the colourful fried Hokkien noodles and the traditional kaya toast are now available in Tokyo, thanks to "gung-ho" Singapore firms that
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    • 597 10  -  By CHEN HUIFEN COOKING up a feast for visitors to the Singapore pavilion at the Aichi World Expo last year proved fruitful for local caterer Kriston Food Beverage. The reward has turned out to last longer than the period for which the company was
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    • 631 10  -  By CHEN HUIFEN ONE of the first things about the Japanese market that Lim Pok Chin learned was the perfectionist standards demanded by the Japanese consumer both in terms of the quality of the product as well as the service. Although every customer deserves
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  • Page 10 Advertisements
    • 245 10 TH- T Singapore has to date 12 Free Trade Agreements (FTAs) in force. For Singapore-based companies wanting to expand into South Korea, they can 2ft|AHnKpf leverage on the Korea-Singapore Free Trade Agreement (KSFTA) for greater export competitiveness and market access. Singapore-based companies stand to enjoy the following benefits: Benefits of
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    • 41 10 f IN.. I I ENTERPRISE The Business Times SINGAPORE Singapore Slnjipori mtwnitlonil iMdnt-focund HrtH broojht to you by H SinQspora MtdThc BurinwUniM. V SinQsporc It m iQWiy undw tt># Mlnlßry of Trade and Industry hwtpinfl Singspon mtorprtMl wpoct md international ii#
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  • ECONOMY WATCH
    • 583 11 Prices seen slipping further in near term with perception of spare capacity AP [WASHINGTON] Oil prices settled at a seven-month low below US$59 a barrel Tuesday as rising global supplies, slack demand and a mild Atlantic hurricane season forced geopolitical
      AP  -  583 words
    • 458 11  -  Prospect of trade dampdown after Doha Round failure By ANNA TEO [SINGAPORE] For Rabobank's top Asia economist, one concern looms larger than the anticipated slowdown in global growth next year the spectre of protectionism, following the recent collapse of World Trade Organisation (WTO) talks.
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  • Page 11 Advertisements
    • 544 11 ;*AT^ NOTICES Toll free: 1800 289-8322 Email: noticesO sph.com.sg I BUY IT SELL IT F»ND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JAVA BATIK CREATION CENTRE PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) Co. Rag. No. *****2000K Extract of the Minutes of Extraordinary General
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    • 1220 11 <D TTL HOLDINGS LIMITED (Company Registration No. *****1719E) (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of TTL HOLDINGS LIMITED (the Company") wiH be held at 1 Orchid Club Road, Orchid Country Club, Sapphire 2, Orchid Lodge, Level 11, Singapore *****2 on Friday, 20 October 2006
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    • 1496 11 >AT^ NOTICES Toll free. 1800-289-8822 Email: notices@sph.com.sg SINGAPURA FINANCE LTD Air Co. Reg. No. *****0340N (incorporated in the Republic of Singapore) NIC. API IDA FINANCF^ NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE THIRTY-SEVENTH ANNUAL GENERAL MEETING of the Company will be held at 391 A Orchard
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  • Page 12 Advertisements
    • 131 12 Vi. .vr v >^'%■•■"• .?,-&..,-«w<:::^rlJ-^ r SvJrJt-'K w SVjIT IT j-.i«.? j •>•*• ,-V £'3f} lt .--x ;•> s-. *l. '>$'z v' .3- -r- "'*s iJ'v > 1~ ./I ■.'nv ..< v V t- /A-• 1 U.. .-V our business to help ,W:«" v- V: 'V' -i; v J yours
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  • MALAYSIA/INDONESIA
    • 587 13 Substantial shareholder cuts stake amid takeover talk [KUALA LUMPUR] Trading in the shares of Road Builder Holdings (RBH), Malaysia's fourth biggest construction company, was suspended yesterday following the announcement that Chua Hock Chin has ceased to be a substantial shareholder of the firm. In
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    • 248 13 Bloomberg [SINGAPORE] Mitsubishi UFJ Financial Group Inc, Japan's biggest bank by assets, formed an alliance with Malaysia's CIMB Group Sdn to develop Islamic and investment banking, the latest foray into Southeast Asia by the Tokyo lender. The partnership with Bank of Tokyo-Mitsubishi UFJ,
      Bloomberg  -  248 words
    • 2280 13 vol General Corp 0.60 0.01 90 Oct 4 Ml W- rooo) Genting 24.10 0.02 733 George Kent .0.51 0.01 111 ASM Realty 1.40 unch 1 GHL Systems „...023 0.02 3586 Abric 031 unch 27 GlobetronicsTech 0.30 undi 876 ACP Industries 0.92 -0.01 177 GlomacBhd 1.01 unch 187 Advance
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    • Article, Illustration
      43 13 [BATAM]An Indonesian health ministry official measuring the level of pollution at the airport here yesterday. Forestfires raging out of control in Sumatra and in Kalimantan on Borneo island have been blamed for causing the smog in neighbouring Singapore and Malaysia. AFP
      AFP  -  43 words
    • 440 13 Reuters [KUALA LUMPUR] Malaysian builder UEM World Bhd unveiled plans yesterday to shed RM1.94 billion (SsBss million) in debt that has weighed for almost a decade, a legacy of the Asian financial crisis. The state-controlled company plans to repay the
      Reuters  -  440 words
    • 365 13 Reuters [JAKARTA] US-based oil giant Exxon Mobil plans to drill three exploratory wells in an Indonesian offshore oil block over the next three years, a company official said yesterday. Exxon Mobil signed an oil contract with the Indonesian government last month
      Reuters  -  365 words
    • BRIEFLY ASIA
      • 57 13 Bloomberg [HONG KONG] Shares of Shui On Land Ltd surged on their first day of trading after the company raised HKS6.2 billion (551.26 billion) in an initial public offer. The company and stockholders sold 1.16 billion shares at HK55.35 each, the
        Bloomberg  -  57 words
      • 86 13 Reuters [LONDON] Malaysian' casino and leisure group Genting Bhd said yesterday it had increased its stake in UK's Stanley Leisure pic to 36.26 per cent, or 41.52 per cent including options. Genting agreed last month to buy Stanley in a deal that valued UK's
        Reuters  -  86 words
      • 43 13 Bernama [NEWDELHI] YTL Power International Bhd of Malaysia is among 17 bidders, including five from abroad, for the 4,000-megawatt Krishnapatnam Ultra Mega Power project in the southern state of Andhra Pradesh, Financial Express reported. —Bernama
        Bernama  -  43 words
      • 45 13 NYT [HONG KONG] DaimlerChrysler has reached a broad understanding with Chery Automobile of China to set up a joint venture to export cars to the United States for the first time, according to two auto industry managers. NYT
        NYT  -  45 words
      • 71 13 Bloomberg [MUMBAI] US billionaire investor Wilbur Ross, who made his fortune buying bankrupt steel, coal and textile companies, acquired a textile maker in India, marking his first purchase in the world's second fastest-growing major economy. Mr Ross, dubbed the "King of Bankruptcy" for
        Bloomberg  -  71 words
  • Page 13 Advertisements
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  • INDIA
    • 389 14 [MUMBAII A clutch of top brokerage and financial services firms, led by Motilal Oswal Financial, AnandRathi Securities, JM Financial, Religare and IDBI Capital Markets, is venturing into the booming private equity (PE) and real estate sectors by launching funds, the Business Standard
      389 words
    • 543 14  -  AT Kearney projects volume to hit US$23b by 2010 on new FDI rules By SIDDHARTH SRIVASTAVA in New Delhi THIS has been a good week for retail prospects in India. In view of the government allowing 51 per cent foreign direct investment (FDI)
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    • 277 14 Reuters [BANGALORE] Operations of global software companies, financial institutions and government offices in India's main technology hub shut yesterday after activists called a strike over a border dispute with a neighbouring state. The 12-hour stoppage in Bangalore, capital of the southern state of
      Reuters  -  277 words
  • Page 14 Advertisements
    • 2651 14 :*at^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I *SSEB4I4 HONG WOON CORPORATION HOLDING LTD Notice is hereby given that the Annual General Meeting of the Compan/ will be held at No. 15 Pandan Crescent, Singapore *****0 on Friday, 20 October 2006 at 9 a.m. to transact the following business: As
      2,651 words
    • 24 14 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES m 1
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  • GREATER CHINA
    • 408 15 China's biggest lender may sell for lower price at IPO in HK and Shanghai [BEIJING] Institutional investors have told bankers arranging the initial public offering (IPO) of Industrial and Commercial Bank of China (ICBC) that they think the lender is wortty relatively less
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    • 174 15 Bloomberg [HONG KONG] Sunday Communications shares rose to their highest in almost eight months after the company's parent, PCCW Ltd, Hong Kong's largest phone company, offered to buy its mobile network assets for HK$l.94 billion (*****.8 million). The offer is equal to 65 HK
      Bloomberg  -  174 words
    • 326 15 AFP [HONG KONG] A blunt email criticising Singapore and Indonesia was behind the resignation last week of one of Asia's leading economists, sources and media reports said yesterday. Andy Xie stepped down as Morgan Stanley's Hong Kong-based analyst on Friday with little explanation
      AFP  -  326 words
    • 54 15 AFP [HONG KONG] This painting, 'Head Yellow and Black' by Roy Lichtenstein, is expected to fetch HK$62 million to HK$7B million (5512.6-15.8 million) at a Sotheby's auction in Hong Kong on Friday. Sotheby's senior vice-president John Tancock is looking at the contemporary painting at a press
      AFP  -  54 words
    • 215 15 Baosteel hints at expanding ties with Arcelor Mittal Reuters [SINGAPORE] China /jould relax rules over foreign ownership of its steel companies to help consolidate the country's steel industry, the Financial Times reported yesterday. The paper quoted Xie Qihua, chairwoman of Baosteel, China's largest steel
      Reuters  -  215 words
  • Page 15 Advertisements

  • MIDDLE EAST
    • 365 16 They zero in on region's property and private equity funds: banker Reuters [SINGAPORE] Middle Eastern investors are investing in Asian property and private equity funds, signalling the start of an investment push into Asia, a Citigroup private banker said. "The Asian theme is
      Reuters; FILE PHOTO  -  365 words
    • 224 16 Bloomberg [DUBAI] The Great Wheel Corp received approval to build the world's secondlargest Ferris wheel in Dubai, a project estimated at US$6B million. The Great Dubai Wheel which will be 531 feet in diameter, will be constructed in Dubailand, a US$2O billion Disney-style
      Bloomberg  -  224 words
    • 471 16  -  By CLARENCE MICHAEL in Dubai SINGAPORE-LISTED trading and distribution company Intraco Ltd is consolidating its Middle. East operations from its Dubai office which is close to completing its second year. Speaking to The Business Times in Dubai, Teng Theng Dar, chief executive of Intraco.
      471 words
    • 158 16 Bloomberg [BANGKOK] Kuwait Finance House, the Persian Gulfs largest Islamic investment bank, is selling a hedging contract for companies to manage interestrate risk while complying with religious principles. The so-called Ijarah Rental Swap aims to protect customers against volatility in profit rates, which take
      Bloomberg  -  158 words
  • Page 16 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 615 17 But the casino operator is likely to ask for the deal to be sweetened more Reuters. AP [NEW YORK] A US$l5 billion offer by two private equity firms to buy Harrah's Entertainment Inc is more expensive than some recent big deals in
      Reuters.; AP; AFP  -  615 words
    • 447 17 LATEST US DATA AP. Reuters [WASHINGTON] Oil prices* fell for a third straight day yesterday after United States government data showed rising inventories of crude oil as refiners trimmed their output of motor fuels. The nation's inventories of gasoline and distillate, which
      AP.; Reuters  -  447 words
    • 328 17  -  By NANDE KHIN [SINGAPORE] The issue that most worries Japanese companies operating in the rest of Asia is employee wage increases, according to a survey by Jetro, the' Japan External Trade Organisation. About two in three Japanese companies in Singapore, Malaysia,
      328 words
    • 448 17 Economic Times. Wires [NEW YORK] It's annus mirabilis for Indra Krishnamurthy Nooyi. First came the big announcement of her elevation to the top job at Pepsi Co. Then she topped Forbes'list of most powerful women, followed by the prestigious Economic Times' Global
      Economic Times.; Wires  -  448 words
    • 410 17 AFP [TOKYO] Howard Stringer's honeymoon as the first foreign head of Sony has come to an abrupt end as investors dump the company's shares amid a battery defect crisis and fears its Play Station 3 may fail to meet sky-high expectations. Sony Corp
      AFP  -  410 words
    • 172 17 Bloomberg {TOKYO] Fujitsu Ltd, Japan's third-largest personal-com-puter maker, said it will recall 287,000 of its notebook models to replace batteries made by Sony Corp, the latest company to do so in the past eight weeks. Dell Inc, Apple Computer Inc, Lenovo Group
      Bloomberg  -  172 words
    • 424 17 NYT [NEW YORKI The best known measure of the stock market, the Dow Jones industrial average, rose 0.49 per cent on Tuesday to squeak past an all-time peak that was set in January 2000 amid a technolo-gy-driven market boom. Unlike in those heady days,
      NYT  -  424 words
    • WORLD WATCH
      • 70 17 AFP [BANGKOK] The US yesterday urged Thailand's military coup leaders to lift martial law within seven to 10 days and to bring forward elections that the generals have promised for late next year. "If martial law is not lifted in a week
        AFP  -  70 words
      • 52 17 Bloomberg [TOKYO] Aeon Co, Japan's largest retailer by sales, returned to profit in its second quarter after booking a lower asset revaluation loss and as revenue rose. Aeon's audited net income for the three months ended Aug 20 was 10.2 billion yen (Ssl
        Bloomberg  -  52 words
      • 47 17 Reuters [BANGKOK] Thailand's stock market plans to ask the government to reduce its holdings in listed state firms in a bid to boost liquidity and lure foreign investors. The move is aimed at boosting confidence following last month's bloodless coup.
        Reuters  -  47 words
      • 67 17 Bloomberg [LONDON] Goldman Sachs Group Inc was accused of failing to disclose a report raising "alarm bells" about the accounts of collapsed UK car parts distributor Finelist Group pic at the start of a negligence lawsuit against the firm. IFE Fund SA, a Belgian
        Bloomberg  -  67 words
      • 46 17 Reuters [TOKYO] Japan's Toshiba Corp yesterday said it would take a 77 per cent stake in Westinghouse, British Nuclear Fuels' US power plant unit, for US$4.l6 billion, buying a much bigger chunk of the firm than it had initially planned. —Reuters
        Reuters  -  46 words

  • AVIATION
    • 753 18  -  AIRBUS A380 WOES Besides having to pay compensation, Airbus may see cancellations By VEN SREENIVASAN [SINGAPORE] European planemaker Airbus is caught in the grips of a perfect storm with a tHird delivery delay of up to a year for its A3BO threatening to wipe off billions
      AFP FILE PHOTO  -  753 words
    • 2092 18 art mmr it* iuht n» giy a?—Tffl mr m "17M" =wii Bf= mmm! ml SB? arc iiS Si Slg S| BA7381 1850 LH9770 2345 EK404 1405 NZ4354 2335 sm i« rag gg Igg ***** 2335 L «323 0630 *>CL«* 235 A3951 06K LH6765 1330 L***** 2345
      2,092 words
    • 489 18 AP [SEATTLE] It is unlikely that many airlines will cancel their orders for Airbus' A3BO, but the latest delay for the superjumbo could give rival Boeing Co a boost as it tries to win a launch customer for a larger version
      AP  -  489 words
    • 304 18 Airlines pick GE for 42 of 57 recent orders for Boeing 787 Bloomberg [BOSTON] General Electric Co (GE), the world's largest jet-engine maker, said it is, winning market share in China as airlines choose the company's more-efficient turbines for their newest wide-body
      Bloomberg  -  304 words
    • LOG BOOK
      • 81 18 AFP [KUALA LUMPUR] Malaysia Airlines said yesterday it will resume flights to Lebanon that were suspended during Israel's military offensive there, due to high demand for the service. The resumption is to "meet the surge in travel demand arising from the current efforts
        AFP  -  81 words
      • 103 18 [SINGAPORE] Boeing has named Larry Dickenson to lead the Boeing Commercial Airplanes sales team as vice-president, sales, reporting to Commercial Airplanes president and CEO Scott Carson. Mr Dickenson, 63, replaces Mr Carson, who was named president and CEO in September, effective immediately. He
        103 words
      • 57 18 Bloomberg [JOHANNESBURG] South African Airways said its low-cost airline will start flying next month, taking on Comair Ltd, British Airways pic's southern Africa franchise operator. "We are launching this month and it will be in the air next month," South African
        Bloomberg  -  57 words
  • Page 18 Miscellaneous
    • 297 18 CRYPTIC CROSSWORD 1 Royal ladies who could make for P P P H W ■Mr" ruler(4) if fellow appearing of Proms more water 15 Beset by apprehension, little Maureen is trapped (7) with English actors (3-4) to clean up a''bed (7) The French speak loudly and —j*J spend extravagantly (4,3)
      297 words

  • SHIPPING
    • 287 19 SGX '000 Oct 4 SS Vol CH Offshore 0.37 254 Chuan Hup 0.32 0.01 1410 Cosco Corporation 1.73 0.04 ***** CWT Distribution 0.S8 -0.01 347 Ezra Hldgs 3.14 0.08 802 Freight Links 0 07 -0.01 1380 Grand Banks Yacht .0.87 unch 0 Jaya Holdings 1.47 unch 4275 K1
      287 words
    • 652 19  -  Regulator decides against taking EU's lead, disappointing Asian shippers By DONALD URQUHART [SINGAPORE] Much to the disappointment of Asian shippers, Singapore will retain the anti-trust immunity recently granted to liner shipping conferences despite the European Union's decision to repeal a similar exemption from
      BLOOMBERG  -  652 words
    • 556 19 AP [ELIZABETH, New Jersey] Some cargo bound for the United States could be fasttracked through American ports after first being screened for radiation at foreign seaports, US Homeland Security Secretary Mi-« «hael Chertoff said on Tuesday. While American authorities already check some US-bound
      AP  -  556 words
    • 251 19 Bloomberg [LONDON] Shares of AP Moeller-Maersk A/S, down by about a fifth this year, will double in value by 2010 as the world's largest shipping company accelerates the expansion of its oil, tanker and terminals divisions, Danske Bank said. Maersk,
      Bloomberg  -  251 words
    • 667 19  -  56% of vessels due to be scrapped in 5 years, says industry By SIDDHARTH SRIVASTAVA in New Delhi THE Indian shipping industry will need to spend about US$4 billion on fleet renewal as more than half of the ships owned by Indian companies
      667 words
  • Page 19 Advertisements
    • 64 19 VISIT THE HOME&DECOR FAIR 2006 Hot home trends ■OLJ Expert advice Practical solutions —J Free gifts ■p i I HEgLJf 9j WIN! 100 FABULOUS PRIZES worth up to $50,000 with our SUBSCRIPTION LUCKY DRAW only at the fair! aitd home thcitrt iptrmt chair with foot rt« 4 Mlt p Toto
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  • EDITORIAL & OPINION
    • 528 20 EDITORIAL PRIVATE property prices are picking up faster than expected. Flash estimates released this week by the Urban Redevelopment Authority (URA) showed that private property prices rose 5.8 per cent in the first three quarters of the year. That is already higher than the
      528 words
    • 751 20  -  THE BOTTOM LINE ROBERT SAMUELSON AS always, America is a work in progress. Any day now, the Census Bureau will announce that the US population has reached 300 million. Virtually alone among big, advanced countries, the US is experiencing significant
      751 words
    • 967 20  -  Despite its small size, the bank does have something to teach the major banks about China. Its snares have been among the best performers this year on the Hang Seng index By KARINA ROBINSON IHT BANK of East Asia (BEA),
      IHT; FILE PHOTO  -  967 words
    • 793 21  -  There was little expectation that Mr Abe would de-emphasise the Japan-US relationship in favour of better Asian relations ANTHONY ROWLEY Tokyo Correspondent JAPAN'S new Cabinet line-up signals that, in some respects at least, the country is headed "back to the future" and that newly
      AFP  -  793 words
    • 812 21  - Abe —visionary or a dreamer? ASIA INSIGHT His ambivalence on Yasukuni Shrine and many other issues remains a cause for concern ANTHONY ROWLEY Tokyo Correspondent ON Sunday, Japan's new Prime Minister Shinzo Abe will leave for China and South Korea wearing the mantle of a statesman intent on healing divisions
      812 words

  • Page 21 Advertisements
    • 119 21 ••I t•I!••••»• j MAitt towsfi- KiVn Band CT&opcKrdiy 0I Z) C..X Lewis Best of U*«- f 3) (kmA the Stc-ne TKa-hK yvu I i if) Cfcvid Bowie GrolAw Years •j} S) SteropkW*>C#«- Wic*. 4) -Xo«4As -Ai No Corrida. JJ 3i4iGA WfrwfcHi Qum--h Hearts 1| 5) Anita Ward Rinj M|j- Be££
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  • 9884 22 SGX MAINBOARD Transaction date: Oct 4 12-m Tel Lact Vol Day Last Quote «v GrYld Nat MCap Wqh law Coda Company Ma *b CMO) Wall low Buyer Satar Cw HI Sma 15 1 5716 1st Software 25 unch 200 2.5 2.5 2 2.5 10.1 11.5 6 3148 STelecom
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  • Page 22 Advertisements
    • 32 22 Available Tanga Plaza 6235 7198 R«ffl»a Hotel T«: 6334 3241 .-3 lp( J Boto Otatrtbofor Sarvtoa Ontra AUDEMARS PIQUET (SINGAPORE) PRIVATE LIMITED r 9 M M? FW 8238 W76 tm#mM: h,tP^^//WW *^aud®m«raptflu«t.eom
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  • 5881 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES MtocalevT toll talMS dy %r *4y V dy «yr Oct 3 Chang* ChT>9« Ch«r»a« Ownot Own— Woitt tnifa Prtfcnwtaq UB83 _33_ 6.1 0-4 33 -03 9.1 ***** 43 64 33 TA 04 _J23 fameEidhnnan 1315.2 -03 U <5 111 43 173 Mc am
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  • Page 24 Advertisements
    • 1540 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARmME PEACE RDM/ATW/BMN/TIB/NAN HANJIN PENANG LAX/VCW/MZL OCEAN TRADER RDM/ATW/TLB/NAN STX POTBN CAM/NFK/NOL/SAV Loads Singapore, E-/W- Malaysia. Indonesia E/w MIPPLE-EAST SERVICE REJMX SERVICE Destination 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, Indonesia Loads E. Malaysia,
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    • 555 24 vXn WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VtSSQ VOT W jjßMff SIX IK MAO SAY ML Otf TOUtCOMG AH29 4001 m 4JM N/10 30/10 00/11 12/11 17/11 10/11 TAMKIS AM3 1 3201 m MM 27/10 20/11 29/11 03/12 07/12 05/12 ttwou auh rnmm mm 10/11 *10/12 25/12 21/12 27/12 H#w Tori
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  • Page 25 Advertisements
    • 1267 25 WArt HAJ INTERNATIONAL PTC LTD am lwswoooo/l VTrA iifiii mm mm m TEL*****5M (14 IMS) FAX: *****163 \\\N > WAN HAI NFS S^vto/lookingsDirectLfa.-(1SOO)*****200 V WWWI llfml LI II La# Nl 1H: (03) 3346U81 MX: (03) *****2U fBI 1H: (04) *****00 FAX: (04)*****99 V* JOHTH:(O7)2SII923FAX: (07)*****21 SWII (031)*****75FAX:(031) *****14/ *****05 WWW
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    • 1061 25 [VESSEL VOY I PKL SIN KARACHI DXI IMI I NHS PMM UK ICHOR IRAN SATTARI PCI ***** 05/10 06/10 13/10 It/10 19/10 23/10 27/10 29/10 ENERGY Pa 1163 09/10 17/10 It/10 24/10 26/10 2t/10 IRAN KORPESTAN PCI tl6l I 13/10 14/10 23/10 26/10 27/10 02/11 04/11 06/11 I VESSEL VOY
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    • 620 25 m a® ass* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VBSa VOT SW fJOAN6 COUMMO HSWVA COUMMO mum JUfiZLiLM M QMn 14 on HOP mwm YPMO4S 10on lion MOO uoct 2IOCT HOWUH IBDGf 0054W 17 OCT It OCT 21 OCT 24 OCT 2! OCT
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 5011 26 This ETA ETA Advarthar VmmI Voyage Telephone ETA ETA Advertta Vaed Voyage Telephone Sm Dcsfn Umi Nmhc Nuntotf NumImt SIN Dufii Nwn# Nmim NunilMf Numbw To ABIDJAN (ABJ) 2003 Cote D'lvoire To FEUXSTOWE (FXT) 2127 U. K. 12/10 11/11 China Shpg NEW DYNAMIC 123A
      5,011 words

  • BizIT
    • 932 27  -  It rolls out new printing technology, plans to beef up sales team, writes AMIT ROY CHOUDHURY in San Francisco AMIT ROY CHOUDHURY HEWLETT-PACKARD (HP) on Tuesday announced plans to boost its enterprise imaging and printing business by hiring "hundreds" of high-level sales specialists, introducing a new
      932 words
    • 405 27  -  By ROLAND LIM FRESH from unveiling an impressive report card for its second fiscal quarter, Research In Motion (RIM) the company famous for its Blackßerry mobile messaging devices announced earlier this week that it has expanded its customer support infrastructure with the addition
      405 words
    • 518 27 Reuters [SAN FRANCISCO] SpikeSource, a software distributor that manages opensource applications for businesses, said it was making a series of moves that will help it expand into Europe and Asia. Spike Source said on Tuesday it had struck deals with seven
      Reuters  -  518 words
    • 267 27  -  By ROLAND LIM CONSUMERS and businesses in Singapore now have a reference guide to help them navigate through the dangers of the Internet. The first Singapore Online Safety Guide, launched yesterday, is produced jointly by online auction website eßay, the Consumers Association of
      267 words
  • Page 27 Advertisements

  • PROPERTY
    • 428 28  - HDB s Design Build Sell flats awaited 616 units at The Premiere to be sold by ballot due to strong demand By ARTHUR SIM UP to 5,000 property buyers in the mass market are eagerly awaiting the launch of the Housing and Development Board's (HDB) first privately developed public flats
      428 words
    • 773 28 Bloomberg [TOKYO] Investors should snap up shares of Japanese real estate companies such as Mitsubishi Estate Co to capitalise on a trend of rising land prices in Japan that is likely to continue, Mitsubishi UFJ Securities Co says. Norihiro
      Bloomberg  -  773 words
    • 465 29  -  Result of site acquisition by developers and Reit purchases Reports by UMA SHANKARI PROPERTY investment sales in Singapore continued to grow in the third quarter of this year, climbing 39 per cent to hit $7.46 billion, up from the $5.37 billion in
      465 words
    • 278 29 THE average occupancy rate of industrial property in Singapore could be running at 90.7 per cent due to robust demand, according to a report on industrial property released by Knight Frank yesterday. Knight Frank says that about 750,000 sq ft of
      278 words
    • 1882 29 Pf&JECT NAM# PROP CONTRA TENURE BUltJ-tN/lAND PRICE PSF STREET NAME TYPE DATE f AREA*(SQfT) (S$ 000) (St) District 3 NON-LANDED CH Green Cdo Apt 15/09/2006 99 1432 688 481 .Emerald Park Apt 04/08/2006 99 1173 528 450 Queens Apt 22/09/2006
      1,882 words
  • Page 28 Advertisements
    • 73 28 b,i Pinggiran Bayou Village Homes Wm Leisure Farm. Johor secure double gated residences at the core of SJER i e i lilt ti,S m< \e 1 il u if 100% CASH PAYBACK SCHEME VaW ckHirtfl promotw p«ni.xj ...riiy Fully completed with T.O.P Attractive prices from SGD 230,000 FREE! 4 a
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    • 179 28 HMH^^^^Hsavills Rare Investment Opportunity MacPherson vicinity Freehold 9-storey Industrial Building 100% tenanted Land 37,000 sqft GFA 90,000 sqft For more information, please contact: Dominic Peters *****101/*****638 Edmund Lee *****965 *****631 ElfSeah *****126/*****330 For Lease v UE Print Media Hub, at Paya Lebar Road BRAND NEW, TOP 1" Quarter 2007 5-storey
      179 words
    • 62 28 -•iju||un|| mm Heard about Skype: Another new 11 Phrase on the <*****1 rffinTl N'n T i'M .<<llllllll i r adio9l I Hotline 6691 1913 SMS 9766 69^^^^af iiiiiiiiiiiiicxsau Radio 91.3 is managed by SPH Unionworks, a subsidiary of Singapore Press Holdings SCORE CARD Keep your investors Informed by advertising your
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  • Page 29 Advertisements
    • 173 29 FOR SALE BY TENDER r 'vf Q wm Prime Residential Site 2 at Newton Road (D 11) b St ss27 ri Land area: 21,689 sq ft 6^/ f Subject Freehold A plotra,io2 8 I Hfcfe >" Height restriction: 99 AMSL jtr- Within Ikm to ACS junior, t Sff ACS pn)
      173 words

  • Page 30 Advertisements
    • 168 30 N,t k M( f v V> f f (.IM I (L o/t 7 (>/ c 'Hip/h ilh '//< M ASM K BANK f R 00, 0 Proson t i inj tho Mastor Pankor hy t ra-nok Mullor. Inspirod hv tho oxaotinq world o< l i n.nifo. Iho Mast or Rankor's
      168 words