The Business Times, 11 October 2006

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Total Pages: 38
1 38 The Business Times
  • 24 1 THE BUSINESS TIMES T& JD SINGAPORE 85 cents online at http://business-times.asial .com.sg JF A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Wednesday October 11.2006
    24 words
  • 725 1  -  It's moving key positions in global B2B units here By RONNIE LIM [SINGAPORE] Singapore is fast evolving into a global hub for multinational oil giant Shell, especially as more key positions in its global business units are relocated here over the next
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  • 135 1 sn 2.647.66 (+26.15) ST INDEX FUTURES 2,650.00 (+26.00) SIMSCI 318.07 (+3.46) SIMSQ FUTURES 318.50 (+3.70) MARKETS Tuesday Chang* KL COMP 969.71 >0.33 NIKKEI 225 16.477.25 +41.19 HANG SENG 17,823:70 +148.46 SET INDEX 699.16 +6.90 JAKARTA COMP 1,554.92 +11.49 MANILA COMP 2,528.98 -22.94 SEOUL COMP 1,328.37 +8.97 SHENZHEN B
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  • 801 1  -  Pace expected to moderate to economy's medium-term growth potential in 2007 By ANNA TEO [SINGAPORE] The Monetary Authority of Singapore now sees the economy ending the year at the upper end of the official growth forecast of 6.5 to 7.5 per
    801 words
  • Page 1 Advertisements
    • 8 1 PSA set to boost Tianjin capacity, PAGE 25
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    • 46 1 SSB mm motoring SGP number plate creating alfcj; ■HHH PAGE 34 PROPERTY Lippo reaps double what it paid for ShentonWay flagship building PAGE 4 KOREAN BLAST China and Japan push for UN sanctions page 3 EXEC MONEY Fund managers still upbeat on Asia PAGE 38 8
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    • 13 1 LIFE SCIENCES The players to watch in Asia WGEIS Hi 'SaYra wm^m^BoUl^^BKK^Km L_
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    • 54 1 fife tjjl TAKEOVER PAGE 23 C PROPERTY FEVER It seemed lite It would never happen again, but property fever has hit town. So look out for BTs Property supplement tomorrow where we look at p who's txfying what in high-end homes vrtien the mass marioet will move how the office
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  • TOP STORIES
    • 770 2  -  Study of 8 Asian markets finds highest percentage of rich people here By LESLIE YEE [SINGAPORE] The number of US dollar millionaires in Singapore is estimated to have grown to 55,000 at the end of last year, 13.4 per cent more than at
      770 words
    • 401 2 Govt unveils new $135 m IT initiatives SINGAPORE yesterday unveiled a slew of multi-million-dollar initiatives aimed at bringing IT closer to all Singaporeans, while also throwing its weight behind the interactive and digital media (IDM) industry which it now hopes will generate $10 billion of value-added and 10,000
      401 words
    • 696 2 AP Bloomberg [PARIS] Airbus's new chief executive pledged job cuts at the troubled planemaker and said yesterday that its biggest handicap against rival Boeing is the weak dollar not deep production delays in a supeijumbo that are battering profits and shaking
      AP; Bloomberg; PHOTOS: AFP  -  696 words
    • 713 3  -  Govt, industry funding for projects including free wireless access in key areas for at least 2 years By ROLAND LIM [SINGAPORE] The government yesterday unveiled a slew of multi-mil-lion-dollar initiatives aimed at bringing IT closer to all Singaporeans, while also throwing its weight behind
      713 words
    • 556 3 KOREAN NUCLEAR BLAST But they will not support a military strike in the North AP AFP, Reuters [SEOUL] Asian powers China and Japan yesterday discussed ways for the United Nations to punish North Korea over its underground nuclear test as the United States
      AP; AFP,; Reuters; REUTERS  -  556 words
    • 86 3 [SINGAPORE] The Ministry of Foreign Affairs (MFA) yesterday conveyed Singapore's deep concern over North Korea's announced nuclear test. MFA told North Korea's ambassador to Singapore, Ji Jae Suk, that the move was rash and provocative. MFA emphasised that the test has
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  • Page 2 Advertisements
    • 322 2 people Roaming Asia-Pacific. wwvy.thepeopleatwork.com Asia-Pacific Executive Search KJ ■> X 'I—*4""1 —*4"" r? j> v < v •<■ >;• Sou J 111 '"""U Calling all golf lovers set sail on our Special GotfCruises and tee off to your heart's content at some of the region's finest golf courses. Enjoy a
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 313 4  -  Group paid $151m 2 years ago for 78 Shenton Way, sells it now for $290m Reports by KALPANA RASHIWALA THE Riady family's Lippo Group is selling its flagship Singapore office building at 78 Shenton Way for about $290 million, or almost double
      313 words
    • 450 4 PROPERTY WATCH WING Tai Holdings is said to be close to buying the freehold Ardmore Point in prime Ardmore Park for around $200 million. This works out to a unit land price of about $1,358 per sq ft of potential gross floor area,
      450 words
    • 5424 4 UNIT TRUSTS FUNDS ABAmer Income AT USD 8.61 M'lll I Bl.l'Kl AS Amer Income BT USD 8.63/ ABAmer Income A USO --8.61/ ABN Amro Asset Mgt (S para) AS Amer Income B USD 8.61/ Star Europe Eqty!** AS Amer Income A EUR 6.83/ Star Europe Bond 118W AB Amer Income
      5,424 words
    • 620 8  -  HOCK LOCK SIEW By TEH HOOI LING Finance scholars trying to study the impact of news announcements on stock prices in Singapore will be perplexed if recent cases are anything to go by. Instead of the market working frenzily to find a
      620 words
    • 561 8  -  Better performance prompts its directors to declare 2-cent dividend By MICHELLE QUAH SINGAPORE Exchange (SGX) has reported a modest improvement to its bottom line for its fiscal first quarter, as a healthy rise in its derivatives market turnover was whittled away by higher
      JOHN HENG  -  561 words
    • 340 8  -  By CONRAD TAN SINGAPORE is aiming to attract more listings of exchange traded funds (ETFs) based on regional financial indices, a central bank spokesman said yesterday at the launch of two new ETFs. The first new fund is designed to provide
      340 words
    • 470 8  -  By DONALD URQUHART OFFSHORE vessel specialist Ezra Holdings wowed analysts with its announcement on Monday of a US$265 million floating production storage offloading (FPSO) charter deal, jacking up share price targets as much as 52 per cent over the stock's $3.38 close
      470 words
    • 345 9  -  It plans development with 470 apartments and 7,000 sq m of retail space By UMA SHANKARI CAPITALAND announced yesterday that it has bought a residential site in.Foshan City in Guangdong Province in China for 303 million yuan (Ss6l million) through a government land auction.
      345 words
    • 359 9  -  By UMA SHANKARI FASHION retailer FJ Benjamin yesterday said that it has agreed to sell its property at 6B Orange Grove Road for $37 million to a private investment company owned by hotelier Ong Beng Seng. FJ Benjamin said that
      359 words
    • 477 9  -  By MICHELLE QUAH THAKRAL Corporation's founder and two other directors all from the Thakral family are not making a counter-offer for the trading company after all. Thakral Corporation said in an announcement last night that the trio founder Kartar Singh Thakral, Inderbethal
      477 words
    • 487 9  -  Both firms expect to rake in US$20m sales in 2007 By AMIT ROY CHOUDHURY ECS Holdings has signed a distribution agreement with EMC Corporation, a leading information management and storage company, to jointly tap the small and medium-sized enterprise (SME) market in
      487 words
  • Page 4 Advertisements
    • 28 4 [I ~rp; You can now use your CPF savings to invest in AllianzGl Global Allianz High Payout Fund. Visit our appointed distributors for more details. Global ,nv tors
      28 words

  • Page 5 Advertisements
    • 99 5 H Great Eastern Charity Golf Challenge A fund-raising event for GoidenCare, a Great Eastern project for the Community Chest lit w£ts.ftAh. wk. v i IB lap3EaHHfjF*«MS^^ »v*> .%t 1 We acknowledge generous donations from the following: i l ©OCBCBank fABNAMRO ■9|UHI|H c PARIBAS Cap/taLand CB-sssstn. ODBS <P SS#*A FUJITSU PACIFIC
      99 words

  • SINGAPORE MARKETS
    • 915 6  -  CURRENCIES But S$ should remain resilient with solid local economy and as a yuan proxy LARRY WEE Senior Correspondent MORE factors have come out in favour of the US dollar this past week, taking it to the top of trading ranges for the
      915 words
    • 1001 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Oct 10 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ BuyI Shares Per Before After Stock Date Director Sell '000 Shr S ('000) f000) Fragrance Grp 10-0ct-06 Lim Wan Looi *Buy 50 0.78 *****9 72.40 *****9 72.43 Fragrance Grp 10-0ct-06
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    • Article, Illustration
      758 6  -  Compiled by UMA SHANKARI STATS ChipPAC Oct 10 close: 550.96 CREDIT SUISSE, Oct 10 LOOKING at its capex trend, we believe STATS' strategy of attaining profitable growth by adopting greater capex discipline is working. During its merger with ChipPAC in 2004, STATS highlighted capital discipline as one of
      Source: Bloomberg  -  758 words
    • 548 6  -  STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index on Monday lost 28 points after news of the North Korean nuclear test but yesterday regained 26.15 points at 2,647.66, helped by a firm showing in Japan and Hong Kong as well as a
      548 words

  • Page 7 Advertisements
    • 510 7 j^ril^ jfaL W ,'jjdH -,jr~\ t :<# ,j IPli H It igdjj&ss^ 'fyfik jj^r j&MEKy 'V^'/jtjWal^ i^4^«^^^^pr-! r. MPhi Introducing st re etT racks GOLD SHARES H gold ETF traded like a share on the SGX. The largest gold ETF in the world with a fund size of US$7.3 billion
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  • Page 8 Advertisements
    • 48 8 llgfefM iiJHB'HHuSr fIHKi \£nHlB9V «Hg Wk ,^B9^Hjfli)fi£M Ire HBf i! s \\i sxJm, [J^SHyy,-/, Kvf y v »^P* ,^riS^v jjV 1 > J |-t I® fl E. B l-l J®. jfe l?., I ts ,'«l Bi rs.s£> $&£(J* y f f- v "v** Cvgffffl iip HnHBH| vJB E9S WJ
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  • Page 9 Advertisements
    • 35 9 I Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages J Call Bernard Ong at 6319-1 645 or Michael Chng at 631 9-2062 I TutoKlMl _—<*1 Shipping Times
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    • 23 9 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices<f>sph.com.sg. MATS NOTICES
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    • 374 9 Return the completed questionnaire to us through one of the following ways by 3 December 2006: Mad: Singapore Press Holdings, Marketing Planning Development (Research) Department 1000 Toa Payoh North, Singapore *****4. Fax: 6319 8180 Online: Alternatively, you can complete the questionnaire at www.aslaone.com/AIA To qualify for the lucky draw, please
      374 words

  • COMPANIES: CHINA STOCKS
    • 431 10  -  It stands firm on its right to run realtime indices for the China market All reports by JEAN CHUA FTSE Xinhua Index has stood by its right to run re-al-time indices for the China market a day before a copyright infringement case filed by
      FILE PHOTO  -  431 words
    • 258 10 CHINA Sun Bio-Chem Technology has increased its investment in an ethanol company to US$2,O million by pumping in an additional US$3 million. Through a wholly owned subsidiary, Sky Bright Group, China Sun put more money into Sky Bright (Shen Yang) Ethanol Company,
      258 words
    • 489 10 DMG Partners has initiated coverage on Jiutian Chemical, with a buy recommendation and a price target of $1.04. The stook closed at 71.5 cents yesterday, a gain of 4.4 per cent. Initial public offering shares of Jiutian were issued earlier this year at
      489 words
  • Page 10 Advertisements
    • 2148 10 RAFFLES EDUCATION CORPORATION LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0712N ■BUM genIHUBH NOTICE IS HEREBY GIVEN that the' Annual General Meeting of Raffles Education Corporation Limited will be held on 27 October 2006 at 10.30 a.m. at 11 Beach Road, #06-04/05, Singapore *****5, to transact the
      2,148 words
    • 25 10 GOOD GAINS let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@spluom.sg. 3 KAT3 NOTICES 1
      25 words
    • 179 10 Capability esources e ndowd Company Capability Resources Licensed provider of TapßooT® systems for Asia Australia *-«s 5-Day TapßooT® Advanced Root Cause Analysis Team Leader Training In five days you will learn to lead a team and facilitate a TapßooT® investigation for finding the root causes of 6th IQth i\i ovem
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  • Page 11 Advertisements
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  • BUSINESS EXCELLENCE
    • 1128 12  -  Soh Chin Heng, director of policy and planning at Central Provident Fund Board, tells DANIEL BUENAS how it has come up with creative ways to achieve business excellence since its inception DANIEL BUENAS AT THE Central Provident Fund (CPF) Board, it is okay to dream
      YIN MENG JIIN  -  1,128 words
    • 1156 12  -  Its culture and service beliefs have made it one of Singapore's most enduring shopping icons By DANIEL BUENAS HOMEGROWN retailer Tangs has an interesting and fairly profound motto that it promotes throughout its organisation: sharing happiness. Chief executive officer Foo Tiang Sooi says it is all
      ARTHUR LEE  -  1,156 words
    • 1289 13  -  Wafer maker SSMC adapts the Service Excellence framework to become No 1, reports DANIEL BUENAS DANIEL BUENAS ADVANCED semiconductor wafer maker Systems on Silicon < Manufacturing Company (SSMC) may be one of the few if not the only manufacturing firms in Singapore to have achieved the
      1,289 words
    • 905 13  -  Having got SQC and other quality awards, Rayco isn't resting on its laurels By DANIEL BUENAS FOR homegrown SME Rayco Technologies, the journey towards business excellence was almost a matter of natural progression. The company which has about 100 staff and focuses on elastomeric (materials
      PHOTOS BY ARTHUR LEE  -  905 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

  • SINGAPORE NEWS
    • 459 14  -  But it may take more neutral stance next April, say strategists By LARRY WEE AS widely expected, the Monetary Authority of Singapore maintained its policy of a modest and gradual appreciation of the tradeweighted Singapore dollar or SSNEER in its semi-an-nual Monetary Policy
      Source: MAS  -  459 words
    • 517 14  -  By WINSTON CHAI LOCALLY based IT firms Activate Interactive and XiD Technologies have both devised ways to take the gaming experience to new heights. And now they have something else in common they emerged victorious in the prestigious National Infocomm Awards (NLA). The
      517 words
    • 524 14  -  By JEAN CHUA WORKING with foreign production houses and signing regional deals is the way to go for Singapore film-makers, who are now beginning to enjoy some early success. A couple of film companies have signed co-pro-duction deals in Cannes' MIPCOM, one of the
      524 words
    • 116 14 THE newly launched Singapore Institute of Taxation Limited (SIT) is inviting tax professionals here to join as an Associate or a Fellow. The Institute is a joint effort of the Institute of Certified Public Accountants ofSingapore (ICPAS), the Law Society ofSingapore and the Nanyang
      116 words
  • Page 14 Advertisements
    • 27 14 Event Highlights Another Quality Endorsed By: To Be Held In: Event By: aif l _p| SuiyZporv Reed Exhibitions Supported By: Isg&-. U [rip] SIMM SPETA H2 VOMA
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    • 130 14 ■to— gill can trade even the move. W* it^eatV^/ Phillip Trading System (PTS) is the first mobile trading for derivatives contracts. It is a powerful mobile trading system which allows you to view live prices, check order status, and trade from a PDA or mobile Palm top with windows mobile
      130 words

  • RABOBANK ROUNDTABLE
    • 3598 15 OVERVIEW ASIA is burgeoning with life sciences hubs as major economies in the region are carving a niche in the sector. Multinational pharmaceutical firms are attracted by Asia's huge population that is relatively untapped, the rising demand for quality treatments, the scientific talent pool and
      3,598 words
  • Page 15 Advertisements

  • SINGAPORE NEWS
    • 478 16  -  RACE FOR SENTOSA IR Eighth Wonder reveals trump card while Kerzner still hush-hush over plans By DANIEL BUENAS THE dice have been cast, with all three bids for the Sentosa integrated resort (IR) submitted, marking the start of the final judging process that will
      478 words
    • 654 16  -  Melco PBL to hold 24.5% stake in Sentosa IR venture By ARTHUR SIM IF IT was based on development investment alone. Eighth Wonder would appear already to have won the bid to build the Sentosa integrated resort (IR). One of the three remaining
      THE STRAITS TIMES  -  654 words
    • 506 16  -  By DANIEL BUENAS GENTING International has thrown down the gauntlet in the three-way match-up for the Sentosa IR. announcing yesterday that it will spend more than Sss billion to build a "must see, must visit" resort that will attract 10 million
      AFP  -  506 words
  • Page 16 Advertisements
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  • MALAYSIA/INDONESIA
    • 444 18  -  Many had accumulated vast debts just before the financial crisis By CONRAD RAJ (SINGAPORE) The Forbes' recent list of Indonesia's richest tycoons has brought what many of them will see as unwelcome publicity as they come under intense scrutiny from the public and
      444 words
    • 382 18 Bernama IKI JAI_A LUMPUR) The Asian Strategy and leadership Institute (Asli) said yesterday that a report on bumiputra corporate equity which had drawn widespread criticism did not fairly reflect the true picture of total equity ownership by bumiputras in Malaysia. Its president. Mir/an
      Bernama  -  382 words
    • BRIEFLY ASIA
      • 57 18 AFP IJAKARTAI The Indonesian government will solicit bids for 10 major infrastructure projects in November worth a total of US$4.5 billion, a report said yesterday. Indonesia is set to hold a delayed infrastructure summit aimed at attracting foreign investors to stump up funds
        AFP  -  57 words
      • 68 18 Bloomberg IBFUING] China, whose foreign exchange reserves are set to exceed US$l trillion, risks an erosion of its holdings because the dollar will probably decline, said Fan Gang, a member of People's Bank of China's policy committee. The dollar may extend its losses because there is
        Bloomberg  -  68 words
      • 57 18 Bloomberg (KUALA LUMPUR] Alliance Investment Bank Bhdhplans to raise RMBOO million (***** million) from its second asset-backed bond programme, according to a notice posted on the Bank Negara Malaysia website. Alliance is the banking unit of Malaysian Plantations Bhd, in which Singapore's Temasek Holdings
        Bloomberg  -  57 words
      • 62 18 Reuters [BEIJING] A top banker from Goldman Sachs' China joint venture has left the firm to take a private ecpiity position at London-based Standard Chartered Pic, industry sources said yesterday. Joe Stevens resigned as chief executive officer of Goldman Sachs Gao Hua Securities on
        Reuters  -  62 words
      • 65 18 [KUALA LUMPUR] Gamuda Bhd, the country's third biggest builder by sales, is vying for a job to build a US$2 billion rail network in Saudi Arabia. Malaysia's Business Times reported. The North-South link, tipped to be the Middle East's largest ever rail project,
        65 words
      • 49 18 Reuters [KUALA LUMPUR] South-east Asian ministers will meet soon to discuss ways to help Indonesia extinguish forest and brush fires causing a thick smog blanketing the region, officials said yesterday. Environment ministers from Asean could gather in Singapore as early as this week.—Reuters
        Reuters  -  49 words
      • 35 18 AFP [KUALA LUMPUR] Malaysia will issue up to four licences to telecoms operators to provide "fourth generation" wireless high speed Internet services, a senior minister said. —AFP
        AFP  -  35 words
    • 368 18 Bloomberg I JAKARTA) PT Perusahaan Ustrik Negara. Indonesia's state electricity company, plans to raise US$l billion this week in the nation's biggest corporate debt sale overseas, people close to the transaction said. The Jakarta-based company will sell five-year and 10-year bonds,
      Bloomberg; BLOOMBERG  -  368 words
    • 2134 18 *01 Canute. IB 006 9W oaw W- rwm GanvaiCorp 041 002 143 Canting XX 1.00 2727 AOM Realty..... 139 undi George Kant. 032 undi 42 15 und» '1 GHL VH— _0l» -OjOI 1*34 MB aa0 GiobetiunioTech OJO undi 1171 aw Ml '90 QawM 1JBZ -041 AtfMftt 0J1 0.02
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  • Page 18 Advertisements
    • 1041 18 £0 NOTICES m-M ltd Notice of Annual General Meeting Corjpany Registration No. *****1299R NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company wi be held at The Pines, 30 Stevens Road Singapore *****0 on Friday, 27 October 2006 at 10.00 a.m. for the foflowmg purposes: AS ORDINARY
      1,041 words

  • INDIA
    • 548 19 Income seen to rise to 8.55b rupees for period ended Sept 30: analysts Bloomberg [BANGALORE] Infosys Technologies Ltd, India's second-biggest software exporter, may report fiscal second-quarter profit gains of 41 per cent the largest among Indian computer services companies, after it increased
      Bloomberg; REUTERS FILE PHOTO  -  548 words
    • 259 19 Bloomberg [LONDON] Shares of Corus Group pic fell the most in three months after Tata Steel Ltd, the Indian company that may bid for the UK-steelmaker, denied a report in London's The Times newspaper that its chairman will meet Prime Minister
      Bloomberg  -  259 words
    • 349 19 Merrill expects diversion from equities and cash Reuters [MUMBAIJ India's growing class of rich individuals will invest more in real estate as demand for offices, malls, residences booms in Asia's fourth-largest economy, a DSP Merrill Lynch official said on Monday. "India's wealthy have been
      Reuters  -  349 words
    • 118 19 Reuters [LONDON] India's Bharti Enterprises said yesterday it was not keen on selling a further stake in its telecoms business to UK-based Vodafone Group. "There is nothing on sale," chairman Sunil Bharti Mittal said. Vodafone paid US$l.5 billion last year to buy
      Reuters  -  118 words
  • Page 19 Advertisements
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    • 156 19 f citigroupT Thinking for Generations I private bank I'L i We are delighted to present to you our latest achievement: It is with pride that we receive this award of excellence and with thanks that we dedicate it to our clients for placing their faith in us. This unprecedented distinction
      156 words

  • GREATER CHINA
    • 567 20  -  Anti-graft agency rejects findings as inconsistent with other similar polls By JANE MOIR in Hong Kong HONG Kong's ability to curb graft in the corporate sector has come under the spotlight as a new survey shows an alarming number of companies have
      567 words
    • 148 20 [HONG KONG] The institutional order book of Cambodian casino operator NagaCorp's initial public offering is 10 times full, although the retail portion generated a lukewarm response, The Standard reported sources as saying. "The response to the institutional portion has been satisfying," people close to the
      148 words
    • 322 20 Beijing hopes to improve returns on 230b yuan reserves AP [BEIJING] China's state pension fund is preparing to make its first investments abroad, putting up to US$l billion into foreign financial markets in an effort to improve returns on its reserves, the fund's
      AP  -  322 words
    • 76 20 [WUXI] Carlo Bozotti (right), chairman and chief executive officer ofSTMicroelectronics NV and EJ Woo (centre), chief executive officer of Hynix Semiconductors and an unidentified Chinese official (left), at the opening ceremony of the Hynix-ST Semiconductor Ltd facility in Wuxi. China, yesterday. STMicroelectronics is allying itself
      BLOOMBERG  -  76 words
    • 323 20 Peter Woo is latest cornerstone investor: report [HONG KONG] Industrial Commercial Bank of China (ICBC), the country's top lender, has attracted about US$75 billion worth of institutional orders two days into its Hong Kong initial public offering, a Reuters source familiar
      323 words
    • 280 20 Reuters [BEIJING/SINGAPORE] China has pumped at least one million barrels of Russian crude into its newly built strategic reserves, official media and sources said yesterday, confirming that a long-anticipated stockbuild was underway. The Beijing Times, a local paper sponsored by the country's official
      Reuters  -  280 words
  • Page 20 Advertisements
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    • 1117 20 SECOND CHANCE PROPERTIES LTD (Company Registration no.: *****3193 M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual (icncral Meeting of the Company will be held m Lion City Hotel. Chrysanthemum Room. T* Floor, 15 Tanjong Katong Road. Singapore *****0 on
      1,117 words
    • 131 20 Avoiding Common GST Errors I IRAS carried out close to 3,000 cases of GST audits last year, with the average tax recovered and penalties tripling that of 2003/4. Any omission, understatement of output tax or overstatement of input tax is an offence under the GST Act. Errors may be committed
      131 words

  • Page 21 Advertisements
    • 2464 21 :+at^ NOTICFS L X Jl Lj Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT FIND IT w/ pPARKWAY HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0320R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Parkway Holdings Limited (the
      2,464 words
    • 2463 21 UNION STEEL HOLDINGS LIMITED UNION STEEL HOLDINGS LIMITED Co. Reg No. *****0181W (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of UNION STEEL HOLDINGS LIMITED will be held at 33 Pioneer Road North Singapore *****4 on Friday, 27
      2,463 words
    • 1043 21 MRTEK KNOWUM* Mumom M POM NIMH PORTEK INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE K HEREBY CIVBt THAT the Annual General Meeting of Portefc International Limited will be held at Connection 1 Room, Level 3, Amara Hotel 165 Tanjong Pagar Road Singapore *****9
      1,043 words

  • MIDDLE-EAST
    • 300 22 Premiums to hit US$7.4b by 2015; western insurers offer Retakaful Bloomberg [DUBAI] Islamic insurance industry premiums worldwide will almost quadruple by 2015 because of demand from Muslims keen to buy cover compliant with their religious beliefs, Moody's Investors Service said. The world's 250
      Bloomberg  -  300 words
    • 323 22 Bloomberg [DUBAI] Rio Tinto Group the world's third-largest miner—will join Abu Dhabi in building a US$5.4 billion aluminium plant in the United Arab Emirates, taking advantage of cheap Persian Gulf gas, the country's state news agency said. The London-based company's aluminium
      Bloomberg  -  323 words
    • 747 22  -  Major players form alliances under IE Singapore By CLARENCE MICHAEL inDubai SINGAPORE companies have been employing several measures to explore deals and acquire businesses in the Gulf Arab region. And key among these measures is the alliance platform. Under IE Singapore,
      747 words
    • 248 22 Bloomberg [DUBAI] Middle Eastern investors spent US$6 billion on property abroad in the first half and are particularly keen on New York office space and London hotels, according to real estate brokerage Jones Lang LaSalle Inc. "After a few years of absence,
      Bloomberg  -  248 words
  • Page 22 Advertisements
    • 1945 22 MMI HOLDINGS LIMITED (Company Registration No. *****2772R) (Incorporated in Singapore with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of MMI Holdings Limited ("the Company") will I be held at 320 Orchard Road, Singapore Marriott Hotel, Ballroom I II, Level 3, Singapore *****5 on 27 October 2006,
      1,945 words

  • ASIA-PACIFIC/WORLD
    • 555 23  -  The last Net M&A which created a frenzy was the AOL-Warner deal By ANDREW MARKS in New York GOOGLE'S You Tube buy has Wall Street feeling like it's 1999 again. At first glance, Google's USsl.6s billion purchase of You Tube the popular video-sharing website
      AFP/BLOOMBERG  -  555 words
    • 401 23  -  By NEIL BEHRMANN in London THE world's financial institutions will have invested US$l trillion in hedgei funds by 2010, up from the US$36l billion they had pumped in at the end of 2005, pensions experts predict. The estimate is based on interviews
      401 words
    • 396 23 LATEST US DATA Bloomberg [WASHINGTON] Inventories at US wholesalers rose more than forecast in August as companies made sure they had enough goods to meet demand, a government report showed yesterday. The 1.1 per cent increase was the biggest since April and followed a
      Bloomberg  -  396 words
    • 400 23 Bloomberg [BRUSSELS] European Union governments yesterday endorsed plans to link payment systems across the euro currency area, supporting efforts by the banking industry to build a euro-wide network. EU finance ministers meeting in Luxembourg backed moves "to achieve an integrated market for payment services
      Bloomberg  -  400 words
    • WORLD WATCH
      • 113 23 [BANGKOK] Thailand's post-eoup government said yesterday it would consult military leaders on lifting martial law three weeks after they overthrew an elected civilian government, and map out an economic plan. Prime Minister Surayud Chulanont said the government was not "complacent" about martial
        113 words
      • 101 23 AFP [SINGAPORE] The European Union is prepared to sign a non-aggression treaty with Asean in a bid to deepen its ties with the region through the East Asia Summit process, a top EU official said yesterday. EU external relations commissioner Benita Ferrero-Waldner said the
        AFP  -  101 words
      • 96 23 AP [BARCELONA, Spainl The prospect of going head to head with Microsoft is enough to make any CEO shake in their boots, but John Thompson, CEO of computer security powerhouse Symantec, relishes the looming competition with Windows Vista. "I relish the idea of
        AP  -  96 words
      • 106 23 Reuters [BANGKOK] Former Malaysian prime minister Mahathir Mohamad has held a series of talks with rebel leaders from Muslim-majority southern Thailand under a peace drive backed by Thai King Bhumibol Adulyadej, his son said yesterday. The discussions with more than 50 senior members
        Reuters  -  106 words
    • 496 23 Nuke test hurts Hyundai Group's 1.5 trillion won projects to help North AFP [SEOUL] Two inter-Korean economic projects once touted as a way to change North Korea's command economy face an uncertain future after the nuclear test, officials and analysts said yesterday. South Korea, the
      AFP  -  496 words
  • Page 23 Advertisements
    • 102 23 111•I•••• I(••••«• I I tt I M fj tuckshonl i food U- Thoughts p W\r\lvrft Ue-e-S fi iisfe-'Ke'irs fKre- JJ se-e-Ki-Hft ji j places TOT kXe-C/W+ive- •j luwC-bi, J (\wd j tj Skoppi-Kg- 1 Do you have the flavours to satisfy L i their p a,ates or P l^"015 to
      102 words

  • AVIATION
    • 692 24 ANALYSIS Reuters [PARIS] AT FIRST sight, the mammoth Airbus A3Bos stranded on their assembly line in Toulouse, south-west France, look like a patchwork of parts from different planes. The reason? Anti-corrosion paint on the parts shipped from Airbus factories across Europe comes in different shades
      Reuters; AFP  -  692 words
    • 330 24 Bloomberg [ABU DHABI] Veteran airline executive James Hogan has been appointed chief executive officer of Etihad Airways, the United Arab Emirates' national carrier, five months after former CEO Robert Strodel left the three-year-old carrier. Mr Hogan starts his new role with immediate
      Bloomberg  -  330 words
    • 225 24 AFP [HONG KONG] Thousands of tourists were left stranded or had to endure delays at Hong Kong's airport yesterday after a computer glitch crashed the check-in system, officials said. Long queues of irate passengers stretched through the departures concourse as staff were ordered to
      AFP  -  225 words
    • 383 24 Helios Airways, Cypriot regulator, Boeing share blame AFP [ATHENS] A series of human errors on the ground and in the air caused the August 2005 crash of a Cypriot Helios Airways jet in which all 121 people on board were killed, accident
      AFP  -  383 words
    • 200 24 AFP {KUALA LUMPUR] A Malaysian court has ruled that Malaysia Airlines was right to sack a female flight attendant for getting pregnant a third time, a report said yesterday. The court in Kuala Lumpur threw out a claim from former
      AFP  -  200 words
    • 2122 24 CTTT FUGHT ETA FUCHT ETD BOOK M*5W 999? mo Mht S2081 0630 S2082 0910 aSIISTi LH9771 1750 1*9770 2345 S JJjJK 1625 M RS Sos SQ£ 1« gg? L5S? gg AZ3993 2255 J™ Jg J£l SQ323 0630 KL838 22S5 0w>JM rtrf S0M1 1145 ***** 0935 AZ3992
      2,122 words
  • Page 24 Miscellaneous
    • 199 24 CRYPTIC CROSSWORD 26 Remains to cover resistanc^ from vagrants (6) 7 Suspect a torch bearing wit- YESTERDAY'S SOLUTION rv-iuuM ne^ s Across: 6 On the rocks, 8 Ashy, 9 12 Little Augustus rose, mysteri- withstand, 11 Avid, 12 All, 13 Cut--1 Volumes shown by millions in ous, seeing a source
      199 words

  • SHIPPING
    • 552 25  -  6.58b yuan project involves building and operating six container berths By DONALD URQUHART [SINGAPORE] PSA International has been given the green light to begin the 6.58 billion yuan (551.32 billion) third-phase expansion of Tianjin Port's container handling capacity as the port gears up to
      FILE PHOTO  -  552 words
    • 499 25  -  By CONRAD RAJ [SINGAPORE] Diageo, the world's largest distributor of premium alcohol beverages, has set up a $13 million logistics hub in Singapore to serve the Asia-Pacific market, the first of its kind for the industry in Asia. The hub, located at
      499 words
    • 430 25  -  By DONALD URQUHART [SINGAPORE] Shipbreaking workers from India travelled to the International Maritime Organisation (IMO) headquarters in London on Monday urging IMO members to speed up reforms that will help spare lives in the global shipbreaking industry. Thousands of shipbreaking workes die,
      ITF  -  430 words
    • 228 25 Bloomberg [SHANGHAI] Shanghai International Port (Group) Co, operator of China's busiest container harbour, handled a record number of cargo boxes in September, as China's rising exports pushed up demand. Container volume rose 28 per cent to 2 million 20-foot boxes last month, the state-controlled
      Bloomberg  -  228 words
    • 287 25 Reuters [HONG KONG] China has forbidden shipping firms from offering free freight and secret cash rebates on routes between China and Japan, a tactic to try to grab business, saying the practice was upsetting the market A Ministry of Communications probe into the unusual
      Reuters  -  287 words
    • 289 25 S6X WSSkM Oct 10 SS W- Vol CH Offshore .039 0.01 1375 ChuanHup..- .032 unch 1994 Cosco Corporation 1.78 0.02 4583 CWT Distribution .0.58 -0.Q1 173 EsaHldgs .3.78 0.40 1901 Freight links. 0.08 0.01 2506 Grand Banks Yacht .0.86 -0.02 10 Java Holdings .....1.45 0.02 254 Kf Venture
      289 words
  • Page 25 Advertisements
    • 84 25 TUVALU SHIP REGISTRY V C E 1. Low taxes 5. Worldwide network of surveyors 2. Agreements with lACS members 6. No restriction on nationality of ownership on.uiv.,«,ndl..u.,>c. of 7 conwntion statutory certificates amendedand is a country In me IMO 3. Accedes to latest international "White List" conventions and regulations 8.
      84 words

  • EDITORIAL & OPINION
    • 501 26 EDITORIAL AFTER tumbling on Monday on news of North Korea's nuclear test, regional stocks recovered their footing yesterday with most major indices ending in positive territory. But Asian risk is back and is likely to remain for some time more. It's a wake-up call for
      501 words
    • 1345 26  -  The authorities plan to spend about US$l25 billion over the next five years to improve water supply and wastewater treatment, according to recent reports in the official media By DAVID LAGUE IHT FROM the heights of this sprawling hillside city, the turbid, coffee-coloured
      IHT; AP  -  1,345 words
    • 779 26  -  THE BOTTOM LINE FRANK CHING IN a visit rich in symbolism, Japanese Premier Shinzo Abe flew to Beijing on his first overseas trip since taking office on Sept 26, the first visit to China by a Japanese leader in five years and the
      779 words
    • 1056 27  -  There is not much the US can do, short of invading N Korea and sparking a war, to prevent Pyongyang from going nuclear LEON HADAR Washington Correspondent NORTH Korea has now forced itself into the global nuclear-weapons club by conducting a nuclear test over
      AFP  -  1,056 words
    • 924 27  -  Could the crisis be big enough to force Japan to break what might be its ultimate postwar taboo, and go nuclear itself? By MARTIN FACKLER NYT THE last time North Korea tested a powerful new weapon in 1998, when it fired a ballistic missile over the
      NYT; AFP  -  924 words


  • 10129 28 SGX MAINBOARD Transaction date: Oct 10 52-Wk T«i Lett Vol Day Lot Quota Mv GfYW Nat MCap Utah Lew Coda Company Sata ('000! High Low Buyer later CVr Wt Sir* 35 1 5716 1st Software 2.5 +0.5 129 2.5 2.5 2 3 10.1 115 6 3148 8Te.eco«n 7
    10,129 words
  • Page 28 Advertisements
    • 35 28 Dade from 20% deposit (5 x leverage) on most stock* Go long or short Competitive financing rates in aH markets Access to Asian, US, Euro stocks Select Exchange "fraded Funds and Indices Competitive Commission charges
      35 words

  • 5983 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS %dy yr dy yr %dy Syr Oct 9 Index Change Change Chang* Change Change Change World Index Pretiminafy 1043.5 OJ 7.6 0.2 5.4 0.1 10J t EAFE PreSmmary 1050.8 0.V 8.0 07 8.2 0.1 13.0 Europe
    5,983 words

  • Page 30 Advertisements
    • 1461 30 UK CONTINENT SERVICE U.t.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG lAX/VCW/MZLOCEAN TRADER RDM/ATW/TIB/NAN STX POTBN CAM/NFK/NOL/SAV Iflodt Singapore, E./W. Malaysia, Indonwiq Load, E./W. Malaga, lnda™.ia MIDDLE-EAST SERVICE REJS.E.A. 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
      1,461 words
    • 481 30 [MUffft/VtH'i waa/vor m—en ——i m ta m sm kt i OKWO EXPKESS 79 50 4.5 a/10 30/10 SIttfTSEXFKSSSI 30 4 05/11 30/10 01/11 j AUSTRALIAN RORO SERVICE WSMJVOI —n wwmmi ia f i i w syp mi mm jwiswiui FtSU/034 50 4J 10-10/09 24-24/09 24-24/09 20-29/09 01-01/10 05-05/10 14-14/10 19-19/10
      481 words

  • Page 31 Advertisements
    • 2305 31 WAN HAJ INTERNATIONAL PTI LTD a Nft 14M*****00/II VTrA IMA LI ■|A I I lIP THj *****5 M (14 IMS) FAX:6224U63 V\V4 WAN HA LINES f VJMIIIIII iini blllbJ naiLmxMMMNULimnGntnH&iMinumnuLMimMn V IOH H: |V| 2SIWB NUb (VSSIH2I SJK IB; t031) 32V5475 fAX; 4031) SXVZ7I4/ WISH www wnnhnl ran %b *T*:|«2l)
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    • 21 31 PLACE YOUR AD HERE .The Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 0002
      21 words
    • 590 31 msstar/}*<j r /}*< WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VKSa VOT SI PJHANO COUMMO N. St€VA COiOWO ■Ml WHS 100CT HOP MOO 17QCT II OCT ■UK ooi*w 17 on II oa ;ion non noa uupbmm rmn woa 2500 210 a .31 oct mnov
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  • Page 32 Advertisements
    • 849 32 MNordana (Asia) Pte Ud yOShntonWoy, <21-03 Marino House Singaporeo79llB NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AN& ISLANDS DATES ME ARRIVAL DATES Bj W 0 Frf—lt» I (frriffo? ltk»d PoskOfja^ Eatcs IftSS 1 07 otl 17Oct 200 d 26 Qd WiSKB m 22JJSI Wfoy 55 2Ute 26 Nov
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    • 478 32 <*j '/IP ffilO jjjg fa ffijo -Wtam mm nta tft? M =BBF=#==Bf= =M=^p=a= mwu wow ipyii nyii ►RBI3BI SB flyll Ml fc"|iTsrrE' ]"iil MBBMUHHI aw ii/io w/io ii/u rmmm* imott 101/11 iw/11 1 u/11 1 w/11 1 iiipOTwoofrswjtn Iwi I ii/io I I w/10 I I hahihowy |B> lot/11 117/11
      478 words
    • 137 32 pw HHHHW HBHHBraM3tt^43o!Mns/T2^/T^2M9/10l ■PPifIITIGBIMT 431N 17-11/10 24-26/10 31-01/111 HUMMNITKaSHAfII 432* 21-22/10 27-29/10 04-05/11 1 Mj!liTCnfiHttr 433* 24-25/10 31-02/11 0/ 01/111 ■■■■■IIGaKAII 4345 21-29/10 FOID6CHAKM6 OWY I JBBIBaW ***** 31-01/11 07-09/1114-15/111 ■RMSIRMMMmuyEuit 025 16-17/10 24-26/10 0344/111 ■UiUUfITKaaEK 067 17-17/10 22-24/10 01 -02/11 I Pi^—|Tot>GWA»6 102 24-27/10 0305/11 13-14/11 Hm9my|T)6E«ajF BBIayBMABIAffIiH 025
      137 words
    • 486 32 CONVENTIONAL SERVICE ETA SIN LOADING FOR nog C HENNA! 15 OCT DUBAI, DAMMAM 17 OCT BOMBAY, CHITTAGONG 19 OCT MALE, COLOMBO \wj GLORY NAVIGATION GROUpI 1 SMQ I*7o *1 I OWNS A OPERATES THE YOUNGEST FLEET I WTTH FOURTEEN 7,000 DWT TWEEN DECKERS covering I THE ENTIRE ASIA PACIFIC PORTS
      486 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6429 33 This ETA ETA AAwrteer Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN, Desfn Name Name III litII Number SIN DwT* Name Name Number 23,10 15/11 China Shpg ARABIAN EXPRESS 6041V* *****898 TO ABIDJAN (ABJ) 2003 Cote D tvenre 26/10 15/11 China Styg
      6,429 words

  • MOTORING
    • 713 34  -  Series seen as short form for Singapore; due for bidding later this month By SAMUEL EE THREE letters are creating some excitement among those in the automobile trade and they are not in any way unprintable. The SGP series of car registration numbers is
      YEN MENG JIIN; JOHN HENG  -  713 words
    • 573 34  -  By SAMUEL EE MOTOR magnate Karsono Kwee will be returning to a familiar address on Leng Kee Road when he opens a showroom for new Opel and pre-owned Porsche cars next month. Mr Kwee is renovating 23 Leng Kee Road to house
      573 words
  • Page 34 Advertisements
    • 185 34 DAVID AAKER ols The world's most influential brand strategy guru FAITH POPCORN The world's no.l brand trend forecaster MARTIN LINDSTROM The world's leading youth and technology branding guru JACK TROUT if' The man who co-created brand positioning millenia Singapore v i f SPISI This November, the most anticipated forum on
      185 words

  • Page 35 Advertisements
    • 4945 35 :*AT3 Hi NfOTICFS A. A. IVj 1 LJ Toll free; 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT -FIND IT '.ty. SCORE CARD Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email noticestsph.com.sg. ?1 tHKIib KAT3 NOTICES W JAYA holdings limited W r#|
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  • Page 36 Advertisements
    • 1845 36 The global name in CFDs (65)*****ii8 CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. i9markets.com.sg I Go long or short of shares on margin, putting up a fraction of the full contract value. IG Markets (ACRA No. *****621 X) M rv o I Jl
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    • 365 36 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GOH CHEE CHIANG REALTY (PTE) LTD (Coopaoy Rjfutnaca No *****0762 C) (lncofponwd to Singapore) (In Membcn Voluntary Liquidation) At sn Extraordinary General Meeting of Ooh Chee Chiang Rarity (Pie) Ltd, duty held st 89 Short Street
      365 words
    • 208 36 M THE MATTBI OF THE COMPANIES ACT, CAP 50 AND M THE MATTER OF NEATHE SANCTUARY PTE. LTD. (Registration No. *****3785R) (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. SO that a Final General Meeting of the Members of
      208 words
  • executive Money
    • 1114 36  -  MONEY MATTERS Its dynamic equities market and huge growth potential are starting to grab the attention of global investors MICHAEL PREISS VIETNAM is one of the last of the Asian markets that have tended to be over-looked and under-researched but even this is at last
      REUTERS  -  1,114 words
    • 250 37 Source: S&P US investor sentiment INVESTORS in the US turned positive in September as oil and commodity prices went down, fuelling hopes that this will help hard-hit consumers and petroleum-dependent manufacturers. Fundamentals appeared to take the lead as geopolitical and inflation fears subsided. The Dow Jones Industrial Average
      Source: S&P  -  250 words
    • 935 37  -  Due diligence, assessing liquidity, credit and market risk are among things to do, says JOHN WASIK JOHN WASIK Bloomberg AS AN investor, how can you avoid the next Amaranth? As more and more individuals invest direotly in hedge funds or through packages called
      Bloomberg; BLOOMBERG  -  935 words
    • 955 38  -  As clouds gather over the US economy, Asian equity investments are proving very rewarding this year, reports GENEVIEVE CUA GENEVIEVE CUA ASIAN equities are expected to remain resilient in the face of an uncertain US economic outlook and renewed geopolitical tension in the region.
      Source:  -  955 words

  • Page 37 Advertisements
    • 446 37 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RDC CEMENT PTE LTD (Company Registration No. *****0219H) (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING
      446 words
    • 140 37 Term insurance protects the financial well-being of your loved ones. NTUC Income offers the most competitive rates for term insurance. Our premiums are the lowest. Our i-Term covers you for death (from accident or illness) total permanent disability terminal illness From as low as $9 a month, you get a
      140 words
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      408 words

  • Page 38 Advertisements
    • 399 38 Launch of the innovative Lyxor ETF platform in Singapore: a whole new way to invest efficiently. From 19 OCT 06 onwards, you can gain access to the world's markets with Lyxor ETF. Achieve results with: Control buy and sell like a stock with live prices any second on the SGX
      399 words
    • 9 38 MONEY MATTERS Vietnam: the next frontier market PG 36
      9 words