The Business Times, 13 October 2006

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Total Pages: 39
1 40 The Business Times
  • 23 1 THE BUSINESS TIMES ■HFth ANNIVERSARY JD SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 099/03/2006 Friday, October 13,2006
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  • 551 1  -  Managing editor and former BT editor Patrick Daniel succeeds him By TEH HOOI LING [SINGAPORE] Cheong Yip Seng, editor-in-chief of the English and Malay newspapers division (EMND) of Singapore Press Holdings, will retire on Dec 31 after 43 years', service. He will be succeeded
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  • 654 1  -  Full team of top execs from Kerzner, CapitaLand will present Sentosa IR proposals as scheduled By ARTHUR SIM [SINGAPORE] Kerzner International and Capita Land will go ahead with their bid for the Sentosa integrated resort (IR) despite the shock death
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  • TOP STORIES
    • 743 2  -  OBITUARY Shock death for man who helped shape Kerzner Int'l By DANIEL BUENAS [SINGAPORE] A remarkable man, a great father and a person with a zest for life that's how colleagues and friends remember Howard 'Butch' Kerzner, who died in a helicopter
      743 words
    • 45 2 IN the graphic that accompanied the report, "Dare to dream at work" (BT, Oct 11), we wrongly said that one of CPF's values is "Take charge, change and renovate". It should have been "Take charge, change and innovate". We are sorry for the error.
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    • 583 2  -  Petrochem complexes, Marina IR, storage cavern will tax resources By RONNIE LIM [SINGAPORE] There are many resources required if construction work on two multi-billion-dollar petrochemical complexes by Shell and ExxonMobil start at the same time. With other major works like the underground oil
      583 words
    • 486 2 Developers raise prices to ride on improving sentiment DEVELOPERS, such as Ho Bee Group, City Developments and Keppel Land, have been steadily increasing prices of residential projects to ride on improving sentiment. Bucking the trend, however, Wheelock Properties (Singapore). TOP STORIES, PAGE 3 Shin shares surge on hope
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    • 620 3  -  Increases steeper for condos in Newton, River Valley than in outlying areas By KALPANA RASHIWALA [SINGAPORE] Developers have been steadily increasing prices of residential projects to ride on improving sentiment. Ho Bee Group this week raised the average price of The Coast
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    • 439 3  -  By OUR CORRESPONDENT in Bangkok INVESTORS in shares of Shin Corp, Thailand's largest telecoms conglomerate, had a field day yesterday on optimism that the company would be able to resolve its difficulties. Shin Corp, battered over the past few months amid talk
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    • 134 3 STI 2,640.64 (-0.97) ST INDEX FUTURES 2,643.00 (-1.00) SIMSCI 317.76 (-0.27) SIMSCI FUTURES 319.70 (+1.20) MARKETS Thursday Change KICOMP 975.62 +5.25NIKKEI 225 16.368.S1 -31.76 HANG SENG 17,873.09 +10.30 SET INDEX 709.67 +11.85 JAKARTA COMP 1.549.54 -3.58 MANILA COMP 2.534.40 +7.13 SEOULCOMP 1331.78 +6.29 SHENZHEN B 321.34 -4.65 MUMBAIIND
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 557 4  -  $428m gain in line with expectations; core operations resilient; final 17-cent dividend By TEH HOOI LING SINGAPORE Press Holdings (SPH), South-east Asia's biggest newspaper publisher, yesterday posted a 12 per cent decline in its fullyear net earnings to $428.5 million, in line
      ST PHOTO DESK  -  557 words
    • 211 4 SINGAPORE Telecommunications (Sing Tel) has appointed its finance head, Chua Sock Koong, as deputy group chief executive officer and an executive director. With her new appointment, Ms Chua, 49, will be relinquishing her role as CEO International while covering as group chief financial officer.
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    • 658 4  -  HOCK LOCK SIEW By SIOW LI SEN ON Tuesday, the Prime Minister announced a series of moves to help make Singapore an online island, including plans to give the elderly and disabled basic tools to navigate the Internet. Among the plans is
      658 words
    • 475 6  -  Exchange will recuse itself on topics concerning regulatory issues By R SIVANITHY THE Singapore Exchange (SGX) yesterday clarified that there will be no conflict of interest in its role as a founding member of the new Investor Relations Professionals Association (Singapore)
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    • 506 6  -  IPO WATCH By LESLIE YEE INTEGRATED manufacturer and television home shopping retailer of coloured gemstone jewellery, Gems TV Holdings, is set to launch its initial public offering (IPO) to list on the Singapore Exchange and the company is looking to
      FILE PHOTO  -  506 words
    • 426 6  -  By JEAN CHUA SINO Techfibre, a Chinabased manufacturer of microfibre and polyurethane (PU) synthetic leather, is raising a gross of $113 million for expansion in a mainboard initial public offering. Based in Shandong province, Sino Techfibre makes synthetic leather which is used in a
      426 words
    • 345 6  -  By DONALD URQUHART DESPITE a sustained drop in crude oil prices since mid-August, demand for offshore vessels remains keen, with Keppel Offshore Marine Limited (Keppel O&M) announcing yesterday that it has secured a further Ss2lo million of contracts. The contracts are for the conversion
      345 words
    • 377 7  -  Court rejects Tan's plea for just fine or serving his jail terms concurrently By CONRAD TAN IMPRISONED former chief executive of Accord Customer Care Solutions (ACCS) Victor Tan has been sentenced to a further three months for bribing employees of three companies
      377 words
    • 345 7  -  By SAMUEL EE JACKSPEED'S net profit rose 14 per cent to $1.56 million as revenue jumped 30 per cent to $22.64 million for the six months ended Aug 31. The homegrown leather trim manufacturer for the automotive and aviation industries yesterday said its
      345 words
    • COMPANY BRIEFS
    • 493 7  -  By MATTHEW PHAN THREE executive directors of Union Steel Holdings, a recycler of steel and other metals, have sold 20.8 per cent of the company, or 72.2 million existing vendor shares, to a group of six investors that includes Sam Goi, executive chairman
      493 words
  • Page 4 Advertisements
    • 100 4 I^l f Jq wc 3ro offering d $2,500' discount on all Renault cars. Ranking Constructors Points Should Renault win the championship again, we w e er to 5 »ooo' 2 Scuderia Ferrari 186 Hi 4* Honda Rsciny P T_3 8 H^vrir v New Sedan M6gane Coupi-Cabriolet 6 Panasonic Toyota Racing
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  • Page 5 Advertisements
    • 491 5 SYNTHETIC IS HERETO STAY f Thanks to advanced technology, microfibre and PU synthetic leather U are being used for a variety of consumer goods such as fashion apparel, k sports apparel and equipment, luggage and travel accessories and upholstery, just to name a few. Recommended by PETA as a responsible
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  • Page 6 Advertisements
    • 1630 6 W A ABTERRA LTD. g I 1 M I n K K A Company Registration No *****3007 C M I V Bringing you tne earth) resources (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING H NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of ABTERRA
      1,630 words
    • 72 6 l B L Z L L i v, m o h t a i llltrrn.llloll.il MrM't W.iii h \ii<.lion Si»io.>|>or<■ _n M it, fr;-v > 1 VOLVO SuvhIun. IS Ortohcr 200(> ChijiiH's 11.111. 11»in Offif i#t Put>» taTMns (.eU uit li\/\\l! I'tvxirv »l;irl« I ."> Sr|»l 2IHMi at 1 y«-1
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  • Page 7 Advertisements
    • 47 7 Introducing 16 dedicated Emirates Lounges: Auckland, Bangkok, Brisbane, Dubai, Frankfurt, Hong Kong, Kuala Lumpur, London Gatwick, London Heathrow, Melbourne, Munich, New York's JFK, Perth, Paris, Singapore and Sydney. For more details contact Emirates on 6735 3535 or visit 600 North Bridge Road, Parkview Square #11-01, Singapore *****8.
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  • COMPANIES: CHINA STOCKS
    • 368 8  -  Sale of 31m shares at $2.40 dominates day's trade; stock closes at year-high By JEAN CHUA SOME 31 million shares in Pine Agritech were sold in a single transaction yesterday morning at $2.40 a share, accounting for almost all of the activity in the
      368 words
    • 271 8  -  By R SIVANITHY SINGAPORE investors interested in a leveraged play on China's largest insurer, the Hong Kong-listed China Life Insurance, will soon be able to trade a structured call warrant on the company to be issued by Rabobank International. Rabobank's assistant director for
      271 words
    • 498 8 Reuters SINGAPORE-BASED China EnerSave Ltd said on Wednesday it plans to build a total of 20 biomass power plants in China by the end of 2010. EnerSave now has three 24 megawatt (MW) biomass power plants under construction in China with the
      Reuters  -  498 words
    • 5568 8 UNIT TRUSTS FUNDS AB Amer fricome AT USO 158/ AS Amer Income BT USO Ml/ ABAmer Income A USO &54/ A re r < s A AB Amer Income B BSD 8.59/ V31 ABAmertocomeAEUR 6.86/ Star Europe Bond 1.17* AS Amer Income B El* 6-86/ £S%g i» i:!S SOr Asa
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  • Page 8 Advertisements
    • 33 8 R z.z You can now use your CPF savings to invest in AllianzGI Global Allianz (jlj) Hiqh Payout Fund. Visit our appointed distributors for more details. Global |nv estors company regn no *****7169Z
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  • SINGAPORE MARKETS
    • 523 10  -  STOCKS Selected China stocks also see plenty of action in a broadly firm session R SIVANITHY Senior Correspondent THE US housing market may be imploding but it appears as if the property reflation is very much alive here, judging by the attention focused on the
      Source: Bloomberg  -  523 words
    • 979 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Oct 12 and earlier) Subuntiai No of Price SHAREHOLDING Tram Shareholder/ Buy/ Shares Per Before After Stock Pate Director SeB >'000 Shr COOP) (000) PineAgritech 12-0ct-06 Dai Yonghu *SeH ***** na ***** 9.75 ***** 4.58 PineAgritech 12 0ct-06 Achievement Way Corp
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    • Article, Illustration
      975 10  -  Compiled by UMA SHANKARI Singapore market strategy CREDIT SUISSE, Oct 12 WITH the bids for the second of Singapore's integrated resorts submitted, the question as to who will be awarded the second casino is now in full swing. We are reminded of the award of the first casino
      Source: Bloomberg  -  975 words
    • 515 10  -  CURRENCIES LARRY WEE Senior Correspondent IN a session which allowed the US dollar to Consolidate its recent gains, the Australian dollar outperformed in Asian trading yesterday. Traders said that any hopes for an imminent US dollar sell-off were definitely shelved after minutes of the
      Source: Reuters  -  515 words


  • THE CFO INTERVIEW
    • 1272 12  -  David Chien jettisons out of auditing into the financial controller seat at Eucon, reports JEAN CHUA JEAN CHUA DAVID Chien is probably one of the few finance chiefs to have been both a banker and an auditor. "Very few CFOs have spent time doing both,"
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    • 248 12 EUCON Group specialises in precision drilling of printed circuit boards (PCB) for PCB manufacturers in Taiwan and Shanghai. The work can be broadly divided into mechanical and laser drilling, as well as routing services. It makes PCBs for the customers that want to move upstream to provide
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  • Page 12 Advertisements
    • 255 12 II I gUver^^P From now till end November 2006, every purchase of Ermitage Prestige Satin Silver wine cabinet comes with the award winning jH^WnBSSflv Nakamichi Sound Space 5 sound system worth $1499. !^PBM» Nakamichi Sound Space 5 Exclusive Distributor wlr'T APa LIFESTYLE MARKETING PTE LTD \||D/ APS Lifestyle Gallery: 9
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  • Page 14 Advertisements
    • 678 14 SINCERE WATCH SPECIALIST V K I s I N I s v jvt*° E t: ,Sf V/ The most revered name in German high watchmaking A. Lange Sohne is synonymous with probably f v (iLAsm'TTTK '/ha the most famous success story and the pivot of legendary change in the histoiy
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  • Page 15 Advertisements

  • SINGAPORE NEWS
    • 406 16  -  INSURANCE SECTOR NRF cites growing regional demand for insurance products as reason By CONRAD TAN SINGAPORE should aim to make itself a centre for leading Asian insurance research to meet the growing demand for sophisticated insurance products in the region, the chairman of the National
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    • 309 16  -  By LESLIE YEE A 20-YEAR Singapore government bond is to be issued for the first time, it was announced yesterday. The new Singapore Government Security (SGS) is to be issued in March 2007, the latest SGS issuance calendar indicates. The longest-dated government
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    • 273 16  -  By LESLIE YEE THE Monetary Authority of Singapore (MAS) yesterday issued a consultation paper that sets out the proposed regulatory framework for the mortgage insurance business. The paper proposes to regulate mortgage insurance business under the insurance regulatory framework, with additional regulatory requirements to
      273 words
    • 399 16  -  By NANDE KHIN PRIME Minister Lee Hsien Loong said last night that the Feedback Unit will undergo a revamp, one which will' see its role expand beyond gathering public feedback, to raising the level of public engagement and promoting active citizenry. To
      399 words
    • 471 17  -  SPRING AWARDS It's second homegrown SME to win S'pore Quality Award By DANIEL BUENAS SIX Singapore organisations were last night awarded the prestigious Business Excellence Awards by Spring Singapore, including the second homegrown SME to achieve the coveted Singapore Quality Award (SQA). The Business Excellence Awards
      YEN MENG JIIN  -  471 words
    • 451 17  -  By CHEN HUIFEN IN a move to encourage more small and medium enterprises (SMEs) to raise their level of management capabilities, Spring Singapore has launched a $4 million fund that will support up to 50 per cent of their costs towards
      451 words
    • 273 17  -  By MATTHEW PHAN TRADE between Singapore and India reached $16.6 billion in 2005, up 40 per cent from 2004, said Deputy Prime Minister Wong Kan Seng yesterday at the 82nd anniversary celebrations of the Singapore Indian Chamber of Commerce and Industry (SICCI), and the
      273 words
  • Page 16 Advertisements
    • 2251 16 NOTICES Toil free: 1800-289-8822 Email: sg J BUY IT SELL IT-FIND IT piKMHCSWriF TH REPUBLIC OF SMAPtRE CWUO.S. No. 130 of 2006/P) In ttn ntQif of In Cmimilm Ail (Chapter M) And la «M mafer sf Mf SRAPMC PTL HO. (RC No. *****1378 C) MOSCOW NMIOONT BANK LIMITED (RC No.
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    • 445 16 T MAYFRAN INTERNATIONAL LTD (Company Registration No. *****0473E) (Incorporated in 0m Republic of Singapore) NOTICE OP EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that wi Extraordinary General Meeting of Mayfran International Ltd (the "Company") will be held at 10 Jalan KHaog #03-04, Sime Deity Enterprise Center, Singapore *****0 on 10
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    • 261 16 NOTICE OF FINAL MEETING IN THE MATTER OF 1 THE COMPANIES ACT, CHATTER 58 AND IN THE MATTER OF MICRO-NET TECHNOLOGY FTC LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) (Cfcl«f.Ne:UN9l42lN> NOTICE IS HEREBY GIVEN thai pursuant to Section 308 of the Companies Act, Cap. SO a Final General Meeting of the members
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  • Page 17 Advertisements
    • 376 17 One revolutionised business models in 15 industries. Another pioneered a breakthrough by combining the best of healthcare and hospitality trades. Yet another made a science out of the ait of visual merchandising. This year's Singapore Learning Festival brings you international leaders and experts who've broken the mould in the fields
      376 words

  • ECONOMY WATCH
    • 443 18 The trade gap is one of the country's 'biggest economic problems': Premier Bloomberg Reuters [BEIJING] China had its second-largest ever trade surplus last month, signalling the government may struggle to cool an investment boom. The surplus was below August's record of US$lB.B billion but
      Bloomberg; Reuters; AP  -  443 words
    • 376 18 But a'substantial risk' that inflation won't ease as predicted: officials AFP Bloomberg [WASHINGTON] The Federal Reserve took a hammer to investor hopes that borrowing costs will fall by January. Minutes of the Fed's Sept 20 meeting released on Wednesday failed to mention any
      AFP; Bloomberg  -  376 words
  • Page 18 Advertisements
    • 234 18 MAXIMIZNGJfQUR RETURN IS Art Center College of Design Executive Education Programme in Partnership with Design Singapore Council >' r V>,/«.... ,4fJl|Sl|l|llE INSEAD MBAs Experience the Value of [Design Martin Smith t Department Chair, Product Design, Art Center College of Design Design's Role at BMW Design Works Asia Niko von Saurma
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    • 154 18 Ms Christina Chia, Chairman and Founder of Napoleon Hill Associates Wishes to announce the successful launching of the latest book ["HOW TO BECOME A MENTAL MILLIONAIRE n which was held at the Grand Copthorne Waterfront Hotel On Saturday} 7sb October 2006. fpi We take this opportunity to thank Ms Judith
      154 words

  • MALAYSIA/INDONESIA
    • 830 19  -  He recites a familiar litany of grouses after 3 weeks of relative quiet By S JAYASANKARAN in Kuala Lumpur AFTER three weeks of relative quiet in the Muslim fasting month, former prime minister Mahathir Mohamad renewed his attacks on Malaysian Prime Minister
      830 words
    • 331 19 Reuters [JAKARTA] Indonesia will ratify a South-east Asian agreement that calls for regional cooperation to deal with forest fires blanketing the region with choking smog, a presidential spokesman said yesterday. The pledge came as environment ministers from Indonesia, Thailand, Malaysia, Brunei and
      Reuters; REUTERS  -  331 words
    • 2304 19 vol Gamuda J -396 -0.04 675 Oct 12 RM W- rOOd General Corp J~jM0 unch 83 .Genting 1 36JM 035 1944 Aft M Realty 138 -0.01 1 George Kent 0.54 0.03 202 Abric .031 unch 37 GHL Systems .0.25 0.01 7482 ACP Industries. 0.9B 0.01 241 GtobetronksTedi .0.30
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    • 163 19 Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia's biggest power producer, said fiscal fourth-quarter profit jumped 82 per cent after the utility's first rate increase in nine years. Net income climbed to RM736.4 million (*****.1 million), or 18.1 sen a share, in the
      Bloomberg  -  163 words
  • Page 19 Advertisements
    • 1296 19 GKE INTERNATIONAL LIMITED (Registration No. *****1941 C) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2006 Annud General Meeting of GKE International Limited (the "Company*) wi be held at 18 Cross Street. Bth Floor, Marsh McLennan Centre. Singapore *****3, on Monday.
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  • Page 20/21 Advertisements
    • 1305 20/21 A J■■ 1 jM 1 IMB I L A H 1 I |L L A JaB |H I W OPERATING REVENUE $1 BILLION g% «g. TOTAL DIVIDEND KAfllfl J $0.24 $361 K (Final Proposed: $0.17 Rnll I 1 ml pAI jraßi S^BHRhHB| Interim IvllmmLi I \J MM I Hi IHHHHHH
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  • INDIA
    • 48 22 [BANGALORE] Chief executive officer and co-founder of Guruji.com, Anurag Dod. at a press conference organised to launch Guruji.com in Bangalore, yesterday. Guruji.com is India's first Internet search engine and a technology solution aimed at meeting the ever growing search needs of Indian consumers. AFP
      AFP  -  48 words
    • 466 22 German group entering market through venture with local firm [MUMBAI] India's domestic health insurance market is set for a transformation with foreign players setting their sights on it, says a report in the online edition of the Business Standard. The report said Deutsche Krankenversicherung
      466 words
    • 244 22 Bloomberg j (LONDON] Prudential pic, the UK's second-biggest insurer, may shift additional jobs in Britain to India as it seeks to cut costs. Prudential will decide in the first half of 2007 whether to move some of the computer-services jobs in Reading,
      Bloomberg  -  244 words
  • Page 22 Advertisements
    • 1977 22 :*at^ NOTICES Toll free: 1800-289-8822 Email: notices^sph.com.sg euv IT- SELL iT-fiND IT NOEL GIFTS INTERNATIONAL LTD (Company Registration No.: *****3940Z) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Noel Gifts International Ltd (the Company") will be held at The Boardroom, 50 Kallang
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    • 820 22 IN THE MATTER OF THE COMPANIES ACTjCAP. 50,1994 Ed) IN THE MATTER OF CYGNUS REINSURANCE PTE LTD (In Members' Voluntary Liquidation) (Company Registration No. *****4425 M) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held pursuant to Section 179(6) of
      820 words
    • 413 22 MIME MATTER Of THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF m AIK POH INTERNATIONAL INVESTMENTS PTE LTD (Co. Rag. No. *****1412 D) (N) CG EQUIPMENT A MATERIAL SPECIALIST PTE LTD (C*. Rag. No. *****109 AM) (IN CREDITORS' VOLUNTARY LIQUIDATION) Extract of the minutes at the Extraordinary General
      413 words
    • 17 22 I Battle over I I brand name I II Beijing's I 11 Imperial I I Palace I
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  • GREATER CHINA
    • 45 23 [HONG KONG] A food concierge has been set up inside a shopping mall here in preparation for World Food Day on Oct 16, which commemorates the founding of the United Nations Food and Agriculture Organization on the same day in 1945. REUTERS
      REUTERS  -  45 words
    • 247 23 [HONG KONG] Morgan Stanley asked two bankers to leave after they distributed an e-mail message critical of Singapore that reportedly cost Andy Xie, the firm's former chief economist in Asia, his job, according to Bloomberg last night. The report said three
      247 words
    • 487 23 A price revision is unlikely despite heavy demand for the dual listing Reuters [HONG KONG] Industrial Commercial Bank of China (ICBC), the country's top lender, attracted US$lOO billion worth of institutional orders three days into its initial public offering (IPO) here,
      Reuters  -  487 words
    • 367 23 It adopts Hu's proposal to build a harmonious society NYT [BEIJING] China's Communist Party, devoted in recent years to expanding the economy at any cost, endorsed on Wednesday a new doctrine that puts more emphasis on tackling the severe side effects of
      NYT  -  367 words
  • Page 23 Advertisements
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  • MIDDLE EAST
    • 382 24 Record 50 vessels bringing 65,000 visitors to city over next 6 months Bernama [DUBAI] The city's cruise terminal is gearing up to welcome as many as 50 cruise ships during the cruise tourism's winter season running from this month to next April,
      Bernama  -  382 words
    • 373 24 [ABU DHABI] International companies are forming alliances as the deadline nears for submission of expressions of interest for Abu Dhabi's 11 billion dirham (554.75 billion) independent water and power project (IWPP), Fujairah 11, Gulf News cited officials as saying in its
      373 words
  • Page 24 Advertisements
    • 210 24 Event Highlights Another Quality Endorsed By: f g qq T o Be Held In: Event By: ajLi 88 Singapore Reed Exhibitions Supported By: la- S B H >*«»»*' SIMM #«MTA SPETA Q| V a 9fe fl K r# o I V, w. *s>f z I Ki 3 cfl}! I y
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  • ASIA-PACIFIC/WORLD
    • 557 25 Traders wait for Opec ministers to thrash out details of output cut Reuters AFP Bloomberg [LONDON] Oil prices fell to their lowest level this year yesterday before recovering after the US Department of Energy (DOE) reported higher stockpiles of crude oil and gasoline.
      Reuters; AFP; Bloomberg; AP  -  557 words
    • 297 25 LATEST US DATA AP [WASHINGTON] America's trade deficit hit an all-time high as record imports of oil swamped a solid gain in US exports. The politically sensitive deficit with China set a record, a point that Democrats are sure to
      AP  -  297 words
    • 359 25  -  By RAVI KANTH in Geneva MEMBERS of the World Trade Organization have been told by Singapore they need to "bite the bullet", and restart the suspended Doha trade talks that broke down in July over cuts in farm tariffs and subsidies. "The suspension of the
      359 words
    • WORLDWATCH
      • 102 25 AFP Bloomberg [WASHINGTON] A stock options scandal roiling the US technology sector claimed more victims on Wednesday as top executives were forced out at computer security firm McAfee and online media group CNET Networks. McAfee and CNET became the latest US firms to admit
        AFP; Bloomberg  -  102 words
      • 117 25 AFP [SAN FRANCISCO] Google on Wednesday launched a test version of a service that lets users create documents or spread sheets online instead of needing word processing software on their computers. The Google Docs and Spreadsheets service was a "mash-up", or meshing, of its Spreadsheets
        AFP  -  117 words
      • 66 25 AP [UNITED NATIONS] The General Assembly will appoint South Korean Foreign Minister Ban Ki-moon as the next UN Secretary-general today, giving him a 2 x h -month transition before taking over from Kofi Annan on Jan 1. Assembly president Sheikha Haya Rashed A
        AP  -  66 words
    • 491 25 But Pyongyang must be told nuke test was a mistake AP Reuters [SEOUL] China remained reluctant to join an American effort to slap a travel ban and financial sanctions on North Korea, but said yesterday its communist neighbour must be told its decision
      AP; Reuters  -  491 words
  • Page 25 Advertisements
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      116 words
    • 130 25 Macallan The 12-Year j Old Scotch li nil tin llllistriinr- instnr\ fhuT >l>u>, •> M- iir\. tih v»; ■I nulll highland w <>h h wni\!\ y />/ ///i'v /.< 1V>« 77;c W.n <;//./<7 v )<<//\ O'd ti /iivoioih <inuiHi? tin fine ind wngrrfi" lim ing matnn J in < an
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    • 65 25 Champagne guru Tom Stevenson HH rated Kreglinger (formerly Pipers Brook) an astounding 91 points, one of only 3 non-Champagnes to achieve "the quality not just of good Champagne or even good vintage Champagne, but the equivalent of a deluxe Kreglinger has also been selected by James Hal I i day
      65 words
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  • AVIATION
    • 711 26 But consultants feel curbs will be too costly, cumbersome and hard to justify Bloomberg [WASHINGTON] The crash of a small plane into a Manhattan high-rise renewed post-Sept 11 questions about whether US cities should be protected at all costs, even the crippling
      Bloomberg; AP  -  711 words
    • 177 26 Bloomberg [MANILA] Cebu Air Inc, the second-largest carrier in the Philippines, will start flying next month to Kuala Lumpur, its fifth overseas destination, increasing competition with rival Philippine Airlines Inc. The airline unit of JG Summit Holdings Inc will begin flying the
      Bloomberg  -  177 words
    • 527 26 Bloomberg [WELLINGTON] Air New Zealand Ltd, the nation's biggest airline, said it may fire 1,675 check-in workers and baggage handlers, and contract out their jobs unless the company can find, ways to cut costs. The airline's airport services unit isn't competitive
      Bloomberg  -  527 words
    • 704 26 It may need 60b yen of loans this fiscal year, says president Bloomberg [TOKYO] Japan Airlines Corp president Haruka Nishimatsu said that the company must return to profit to convince banks to refinance its debt, the highest of any Asian carrier. "We
      Bloomberg  -  704 words
    • 2204 26 CITY FLIGHT IT* FLIGHT m> DinixwUI SO 141 1145 SQ142 0935 nk«|riAi SQ455 12 1S SQH3 "35 VF541 1630 WO LH9770 2345 7 !£> SQVJ6 1640 sss 3g igni is J* 30 *£fy 2255 0H5 AZ3992 1530 L***** 2345 20 j° H= 1530 3% fig S
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    • 244 26 Reuters [LONDON] A US financial consortium including insurer American International Group Inc has agreed to buy London City Airport for an undisclosed sum, the group said on Wednesday. AIG Financial Products and a joint venture between GE Capital and Credit Suisse called Global
      Reuters  -  244 words

  • SHIPPING
    • 743 27  - MPA to focus R&D on shipping, port, offshore engineering MARTECH 2006 It will also step up manpower devt, launch talent outreach plan By GEORGE JOSEPH [SINGAPORE] Singapore will take a "cluster approach" in pushing research and development (R&D) in the maritime industry, in line with its development as an international
      743 words
    • 870 27  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE Singapore Court of Appeal has upheld the appeal of the owners of the tugboat Marina Iris that sank with all its crew off Japan's coast more than three years ago, ordering the tug's insurers
      870 words
    • 260 27 Reuters [SEOUL] Israeli shipping magnate Sami Ofer has acquired an 8.7 per cent stake in top South Korean shipper Hanjin Shipping Co from Geveran Trading Co Ltd, raising his total stake to 12 per cent, a local newspaper said yesterday. Separately, Citigroup Global
      Reuters  -  260 words
    • 202 27 Bloomberg [LONDONI Top Tankers Inc, an Athens-based company that transports crude oil, had its share rating cut by JPMorgan Chase Co as daily oil-tanker hire rates declined. Analysts Jonathan B Chappell, Glenn Muller and Darren T Hicks lowered their recommendation to "underweight" from
      Bloomberg  -  202 words
    • 555 27 It aims to more than double vessels by 2008 Reuters [SINGAPOREI Singapore's Swissco International Ltd said yesterday that by 2008 it plans to more than double its fleet of vessels that support offshore oil and gas exploration and production. Originally a ship
      Reuters  -  555 words
    • 273 27 SGX 000 Oct 12 Vol CHOffchore JOSJ -0.01 1895 ChuanHup 0.31 unch 893 Cosgo Corporation 1.76 -0.01 3098 CWT DiOnbutkm .0.57 -0.01 76 E*aHldgs 3.92 0.06 1572 Freight Links 0.07 unch 830 Grand Banks Yacht .0.88 0.01 24 Jaya Holding 1.45 unch 202 Kf Venture -0.41 unch 4696
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  • Page 27 Advertisements
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  • EDITORIAL & OPINION
    • 527 28 EDITORIAL JAPANESE Prime Minister Shinzo Abe's impasse-break-ing visits to China and South Korea were supposed to have been a week big on diplomatic symbolism for East Asia. In the event, that symbolism has turned out to be much bigger than expected with North Korea's explosion of a
      527 words
    • 1435 28  -  Fashion season is about selling consumers a secret to a life more glamorous than their own By GUY TREBAY NYT WHEN business gets more interesting than art, smart artists go into business. That, anyway, was how Andy Warhol saw things. And if the
      NYT; REUTERS  -  1,435 words
    • 743 28  -  THE BOTTOM LINE HARISH MEHTA MONSANTO, the global biotechnology company, is under fire for producing a genetically engineered hormone that allegedly carries health risks. These warnings are contained in a new book by Samuel Epstein, What's In Your Milk? An Expose of Industry
      743 words
    • 1153 29  -  Richard Barrett plugs organisational transformation as the key to enduring success By ANNA TEO WHILE clearly chuffed, Richard Barrett is a little bemused that he's regarded as among the world's foremost thinkers on cultural capital and corporate transformation. Yes, he has written two books
      1,153 words
    • 479 29  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to the Public Service Commission's reply, "PSC study awards given to S'poreans" (BT, Sept 22), to my letter, "How many foreigners get scholarships here?" (BT, Sept 21). According to media reports, foreign students
      479 words
    • 91 29  -  Robert Stone Singapore AS your columnist Teh Hooi Ling rightly points out ("Market needs to hold itself to higher standard", BT, Oct 11), it is not uncommon to have stocks move ahead of a major announcement here. I have seen this happen many times over the years
      91 words

  • Page 29 Advertisements
    • 195 29 HAVE YOUR SAY Fax your letters to 6319-8277 <Jr email them to MetterOsph. com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind
      195 words
    • 231 29 MCStaTta ir m For Just About Anything I That Needs To Be Done in India.... ■vf.ulirictrtktist.cti English Theatre Prow Enteralnment City IMumbal y jjfc A Bl fll mum wm jmn wm mowtm hlum wmar «mmm an mmm. H Comedy Ulith fl Spirit! 'Mohesh bottom's Mad About Money has all the
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  • 10054 30 SGX MAINBOARD Transaction date: Oct 12 52-Wk Tel last Vol Day Last Quote Mv GrVW (tot MCac High Low Codo Company Sato COOP) Hlah low Bwyor S*t Cvr Kt Sinll 3 1 5716 1st Software 15 unch 184 2.5 2.5 2.5 3 10.1 115 6 3148 8Telecom 7
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  • 5935 31 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la lecjl cm tnSS In USS ay ft <jy %yr dy *yr Oct 11 Indrx Ch»ng» Citngi Chtnge Change Chng» Ounflt WxVilndgPreiminary 1047.1 -0.1 &0 -0.1 S3 -0.1 103 < EAft Prtfcniimy ***** 00 86 0.0 83 0.0 133 tiroptPrehninarv ***** 0.1 I1J>
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  • Page 32 Advertisements
    • 1590 32 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DO LEADER RDM/ATW/BMN/TLB/NAN OCEAN JADE CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination r~~~ BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Destination JUPITER CHARM DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES
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  • Page 33 Advertisements
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    • 21 33 PLACE YOUR AD HERE The Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 0002
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    • 601 33 m £J®aS^ WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VK«I VOY SI PJaAN6 COLOMBO IIL SUVA Icolomio KOTAfgm TTMMS 10OCT II OCT I4OCT 1700 ?l OCT HOWUH HIDGt 0054W 17 OCT II OCT 2100 24 OCT 28 OCT IQIAPOWIIA YPWW3 24OCT 23OCT 21 OCT
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  • Page 34 Advertisements
    • 717 34 IRISL, ®ra Qihsp&ygjlh IbSUd (kxsHctys) (fex? 9® tofax*/ fpefimite 3m (Juraon ®a ®a 0® (SoUo§o to oft® (to©* AGENT W STORE: SINOSE MARITIME PTE LTD AGENT M MSIA: BOUSTEAD SHIPPING AGENCIES 18. AGENT IN INDONESIA: TEL: *****144 FAX: *****181 KLANG TEL: 03-*****386 FAX: 03-*****660 PT. BMTANG TATABAHARI IRISL REP: DIRECT
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    • 612 34 fl M $TJ IBfcm mi fita u^To 1 fi IFF? TFT? rarmmn WTB wm irm _I 1 I 1 1 111 lawljßn "HRT mm T$T? -jWian mi ——if- m\\ =i ===L Ji —mpuwHi nrnm iq/n ir/n WBHB 8H fl/n Sl/ll ffi»— =fr &r IMu BE OTIli"" VBSU VOY SM PASH
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    • 429 34 CONVENTIONAL SERVICE ETA SIN LOADING FOR 17 OCT BOMBAY, CHUTAGONG 19 OCT MALE, COLOMBO 24 OCT DUBAI, DAMMAM 25 OCT CHENNAI *6LORY^<VI6ATIOH^ROUPI i I sma 1*70) I I OWNS A OPERATES THE YOUNGEST FLEET I WITH FOURTEEN 7,000 DWT TWEEN DECKERS COVER) NO a I THE ENTIRE ASIA PACIFIC PORTS.
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6566 35 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertfcer Vessel Voyage Telephone SIN Desfn Name Name Numtoti Ehrmber SIN Dsfi Name Name Nnmher Number 26/10 23/11 China Shpg NEW DYNAMIC 124A *****898 ,To ABIDJAN (ABJ) 2003 Cote O'lvoire 30/10 23/11 China Shpg ARABIAN
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  • COVER STORY
    • 1838 36 THERE'S nothing like a new shopping mall to give a new buzz and sense of purpose to one's weekend. Last weekend, hundreds of thousands of Singaporeans flocked to Vivocity to check out the biggest mall over one million square, feet in the city. However, if you
      1,838 words
  • Page 36 Advertisements
    • 86 36 Singapore's most stylish and beautiful Sunday Brunch just J| m J keeps getting better. Discover why It's the only place to be m for brunch... and discover alfresco adventures and buffet that goes beyond, set to a soundtrack of smooth live jazz, iJb iaste me glamour, vibe. Ifs very now.
      86 words

  • CINEMA/WINE
    • 604 37  -  A dark morality tale of two cops, The Departed is riveting to watch, says JAIME EE JAIME EE IF The Departed were an American tourist in Asia, you'd be able to pick him out immediately loud, brash and posturing, a walking testimony of how
      604 words
    • 577 37  -  By GEOFFREY EU Talladega Nights: The Ballard of Ricky Bobby is a cinematic spoof that tackles, tongue firmly in cheek, two popular cultural targets native to the American South tobacco-chewing, beerswilling, pool-playing, country-music-loving rednecks and their sport of choice: NASCAR, otherwise known as stock
      REUTERS  -  577 words
    • 299 37  -  DVD By PARVATHI NAYAR DIRECTOR Dominik Moll's Lemming plays the game of "is it a psychological thriller or is it a supernatural thriller?" with mixed but watchable results. When the film first introduces us to Alain Getty (Laurent Lucas) and Benedicte (Charlotte Gainsbourg), they seem like
      299 words
    • 1053 37  -  By N K YONG EVERYONE who loves wine likes to drink well. That can be expensive because quality costs more, but it need not be so. "You pay peanuts and you get monkeys." In wine you pay peanuts and you get plonk.
      1,053 words
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  • Page 37 Miscellaneous
    • 121 37 CRYPTIC CROSSWORD D€¥lH (6) YESTERDAY'S SOLUTION 1 £m 9 repr dUCin9 9 Policeofficer waning to be Across: 1 Cabinetmaking 9 Re--2 ss holdin9 3 5EKs3 m proof material (8) 27 Abrogated 28 Standing stone. 18 Five books include operatic 5 Rely on advertisement for fi- sonQ jn s |j a
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  • HEALTH
    • 844 38  -  Getting on in years need not signal the inevitable onset of health problems, not if you sit up and take charge of how you age. TAN SU YEN reports TAN SU YEN YOUR parents have diabetes and hypertension and if you remember correctly, your grandfather died
      844 words
    • 1063 38  -  By TAN SU YEN THOSE wrinkles, grooves and assorted wobbly bits may be unwelcome, but they are very much a part of the natural process of ageing. Most people respond by striking a balance between accepting these changes with as much grace as they
      1,063 words
    • 845 38  -  By TAN SU YEN WHEN anti-ageing creams priced at $1,000 a jar made their debut here recently, some baulked at the prices and others rationalised that the super luxurious creams were an investment in their future. Another group of women,
      PHOTOS BY ARTHUR LEE  -  845 words
  • Page 38 Advertisements
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      117 words
    • 13 38 PACIFIC HEALTHCARE HOLDINGS A fortnightly series brought to you by Pacific Healthcare Holdings
      13 words

  • ARTS/NIGHTSPOT
    • 778 39  -  PARVATHI NAYAR finds out what the artist's works, currently on show at NAFA, reveal about his style PARVATHI NAYAR THESE are paintings that are both aesthetic and parodic; on the one hand they are created completely by hand with flows and drips of paint, on the other,
      778 words
    • 596 39  -  By PARVATHI NAYAR "I'M called the Father of the Crossover, and I suppose I don't mind being called the father of anything," he says over the phone with wry humour. But he adds seriously: "Crossover music is interesting because it is a new
      596 words
    • 567 39  -  By CHEAH UI-HOON SINGAPORE might not be Hollywood, but that doesn't mean the Republic doesn't have an interesting film history to call its own with its kungfu flicks, Chinese musicals and the Pontianak series. Given that the heyday of Singapore and Malaysia's
      567 words
    • 440 39  -  By MELISSA LWEE IF YOU are tired of recycling your partying options in Singapore, perhaps it is time to look a little farther away. Just an hour's boat ride away, in the island of Bintan, lies Silk a spanking new club which officially
      440 words
    • 503 39  -  By PARVATHI NAYAR OPPORTUNITY. In a word, that is what art historian Kevir Chua sees in the website anthology project being discussed at the four-day Comparative Contemporaries conference and workshops, which ends today. More specifically, the website offers artwriting in South-east
      503 words

  • executive lifestvle
    • 555 40  - All together now —one big ah-choo off the cuff jaime ee SO, how are you coping with tha on-again, off-again, smoke-gets-in-your-eyes phenomenon known as the haze, aka "is it me or is the sky burning" state of mind? I have to say, I don't bother with PSI readings anymore. For
      555 words
  • Page 40 Advertisements
    • 112 40 S'pore developers are part of global scramble to invest manage and design new retail malls sweeping Asia, reports CHEAH UI-HOON B^nßjHml p. &J rl More than 250 years of uninterrupted history BisilHM 1-kilometer graduations and tachymetric Manually markers a Diameter 41.5 mm. Sapphire-crystal caseback. Water-resistant to 30 meter (-100 feet).
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    • 24 40 W ig mmmm HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      24 words