The Business Times, 25 October 2006
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2006-10-25
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The Business Times
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Title Section23 2006-10-25 1 THE BUSINESS TIMES wmmth ANNIVERSARY J> SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Wednesday, October 25,200623 words
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1157 2006-10-25 1 ANNA TEO - Talent shortage is forcing Big Four firms to hire non-accountancy graduates and to look abroad for skills By ANNA TEO [SINGAPORE] "Botanist today. Accounting professional tomorrow?" invites a KPMG recruitment advertisement in The Straits Times two Saturdays ago. In a bid1,157 words
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Article, Illustration480 2006-10-25 1 ANNA TEO - By ANNA TEO [SINGAPORE] The executive director of the American Chamber of Commerce in Singapore, Nicholas de Boursac, is leaving the job in December to head a new regional financial markets organisation in Hong Kong. He will be managing director of theYEN MENG JIIN - 480 words
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Page 1 Advertisements
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Advertisement21 2006-10-25 1 EXEC MONEY Profiles of private bank clients in Asia PAGE 32 11l 111 8 *****1 *****4 Markets Digest Is IwM over21 words
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Advertisement229 2006-10-25 1 H Ex-chairman Skilling gets 24 years'jail PAGE 18 HK PROPERTY Crackdown on errant agents rattles market PAGE 16 i I •if■ The Futura MOST EXPENSIVE US STOCK Warren Buffettfs Berkshire shares hit US$lOO,OOO page 3 v A World of f: ißmnw— i on Your Doorstep Introducing a new multi-currency International229 words
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TOP STORIES
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Article, Illustration468 2006-10-25 2 UMA SHANKARI - Sources say it is likely to develop site into a luxury residential condo By UMA SHANKARI [SINGAPORE] City Developments has bagged a freehold residential site at Leonie Hill Road for $287.3 million in a collective sale, sources say. The price paid by the propertyFILE PHOTO - 468 words
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Article96 2006-10-25 2 IN "Goldman Sachs earns USs3.9m from ICBC stake" (BT, Oct 24), the notional gain the investment bank has made on its ICBC stake is US$3.9 billion, not US$3.9 million as wrongly indicated in the headline. We are sorry for the error. And in the report on Qian96 words
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Article632 2006-10-25 2 S'pore firms' US investments eke out meagre returns JUST when you thought that Singapore companies had stemmed the bleeding and got back into the black, their investments in the United States are looking shaky again, with returns for last year plunging—even after they stepped up their commitments. Returns632 words
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585 2006-10-25 2 ARTHUR SIM - They buy, refurbish and resell industrial property to Reits By ARTHUR SIM [SINGAPORE] Savvy businessmen and industrialists are fast becoming a new class of investors as they are finding that there is more money to be made in selling property than in toiling585 words
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Article, Illustration466 2006-10-25 3 Back in 1962, Berkshire shares were going for about US$7 apiece AP Bloomberg [OMAHA, Nebraska] Shares of billionaire Warren Buffett's investment company, Berkshire Hathaway Inc, closed at US$lOO,OOO on Monday, setting a new record for the most expensive US stock. The Class AAP; Bloomberg; BLOOMBERG; Source: Bloomberg - 466 words
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555 2006-10-25 3 CHUANG PECK MING - They manage a measly 0.4% return against an Asian average of 7% By CHUANG PECK MING [SINGAPORE] Just when you thought that Singapore companies had stemmed the bleeding and got back into (he black, their investments in the United States are looking555 words
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Advertisement14 2006-10-25 2 neODle Hunting season K H has begun. (Target: Private Bankers) www.-thepeopleotwoik.com. Asia-Pacific Executive Search14 words
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Advertisement99 2006-10-25 4 i araggK-tstafc r at Yan^p^afflesShipyard I' J' Disponent EjfiJ Builder: Raffles J. jPtfil t p .jail k, #4^ l 4 j if 1 1 1I u liik'T I kW, a H fIP a tiIIMNMPB! |IIII| QIIIIIIHI^^9HHHI^^HHHHHHHHHH^^BHHI -,v- t, 1 i„„ MP™ :?*s'%'■ i -^^a^^MWiW^^—MMHMBiMMMMM K5-39 H 7Mii^..^?iiMBwBi^Bi—^^^MBMBMQMBWH \-y,c f --3jig^!fccgirelfo«^iafc»aP(ilEa£3Bgra99 words
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COMPANY NEWS
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Article, Illustration797 2006-10-25 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IN the stock market, there's always a fine line that separates what is allowable from that which is not. A broker, for example, may undertake an activity that flirts close to this line, and this sometimes leads to aREUTERS - 797 words
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890 2006-10-25 6 WONG WEI KONG - Other major stocks see a more mixed performance for the period ended Sept By WONG WEI KONG THE real estate investment trust (Reit) sector has kicked off the thirdquarter reporting season with results that were largely in line with expectations. It is more mixed, however,890 words
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Article, Illustration662 2006-10-25 8 OH BOON PING - DBS picks Seagate supplier MMI as favourite with $1.06 target price By OH BOON PING -THE momentum in the hard disk drive (HDD) sector has proved resilient despite warnings of weaker than expected HDD demand. In an earlier report, DBS Vickers Securities662 words
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341 2006-10-25 8 DONALD URQUHART - It gained 841,044 new users in Q3 By DONALD URQUHART THAILAND'S second largest mobile phone operator, Total Access Communication, said yesterday its third-quarter profit rose 17 per cent on the back of a 5 per cent growth in its subscriber base despite what341 words
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187 2006-10-25 8 CHINA-based Memory Devices Ltd inched closer to its proposed US$96.B million acquisition of Taiwanese memory chip maker, TwinMos Technologies following in-priiiciple approval from the Singapore Exchange (SGX). The agreement to acquire TwinMos dates from mid-March and is subject to a number187 words
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137 2006-10-25 8 Bloomberg SINGAPORE Airlines and Cathay Pacific Airways, Asia's most profitable carriers, had their ratings cut by Citigroup Inc, which cited recent gains in the stocks because of lower oil prices. The bank lowered its recommendation on SIA to "sell" from "buy" and its ratingBloomberg - 137 words
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299 2006-10-25 8 DONALD URQUHART - By DONALD URQUHART CHINESE pharmaceutical group AsiaPharm has announced the acquisition of a proprietary cancer treatment drug along with its international and Chinese patents and distribution channels for 80 million renminbi (Ssl 5.9 million). In a statement to the Singapore Exchange, the299 words
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Advertisement385 2006-10-25 5 FOR SALE BY TENDER i I Commercial Development ntA Site at Bedok Centre 1 (Bedok and Changi Theatres) Bedok No' th m* z y Prominent and visible frontage to aiSHV $t 2 New Upper Changi Road m* y m<* Within walking distance to Bedok MRT ■*—*<<* mm Station and Bedok385 words
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Advertisement500 2006-10-25 6 [*AT^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STAHL HOLDINGS PTE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****3388W NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cap. 50, that' a Final Meeting of the Members500 words
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Advertisement112 2006-10-25 7 v 4 4 I 4 9 0 ■y r t What do you call; 1 private bankers; with a strong track record in asset management? Private Banking Family Office 1 Global Custody J Jb Asset Management II I H Investment Funds II W ,'f% HBHHnBnHS^^^PP- !v; r—JBI ■|^^HHHI^HP^#^v V: I112 words
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Advertisement408 2006-10-25 8 COLLECTIVE SALE OF HOLLAND HILL MANSIONS f~- Sizeable and elevated freehold land gpv T £> 0 £J/Q "'mrt® *«edon Ay Minutes away to Orchard Road and the Botanic Garden gf 1 Z' u tonH S GhTs riwLweb Walking distance to Holland Village Holland <? farberrd Quiet and tranquil Vihge comwe*408 words
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COMPANIES: CHINA STOCKS
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Article, Illustration667 2006-10-25 9 JEAN CHUA - Pan Hong, Yanlord, Sunshine stocks have lower valuations Reports by JEAN CHUA INVESTORS wanting some action in China's real estate market may want to take a look at the three Chinese developers listed here Pan Hong Property, Yanlord Land and Sunshine Holdings.667 words
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Article, Illustration528 2006-10-25 9 They are not direct competitors, says UOB-Kay Hian UOB-Kay Hian has issued "buy" calls on chemical fibre manufacturers China Sky Chemical Fibre and Fibrechem Technologies, saying that the two companies are not direct competitors as they cater to different segments of a fast-growing market.528 words
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Advertisement194 2006-10-25 9 withi I s.: J 'Sk m a I I I I I Exhibiton ft Conference for I Entrepreneurship, Business Opportunities St I /The most international trade even! of its /Find out *he secrets of business success I /Meet over a hundred of franchisors and International Conference St Workshop! I licensors194 words
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Advertisement154 2006-10-25 9 citigroupT Thinking for Generations private bank We are delighted to present to you our latest achievement: m It is with pride that we receive this award of excellence I* and with thanks that we dedicate it to our clients for placing their faith in us. This distinction is an affirmation154 words
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SINGAPORE NEWS
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Article, Illustration489 2006-10-25 10 UMA SHANKARI - Being planned are another 60 stores in the region in the next five years By UMA SHANKARI UK CLOTHING retailer Ted Baker opened its first outlet in South-east Asia at Vivo ity earlier this month, and the store is just one of the489 words
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Article, Illustration224 2006-10-25 10 HOLLAND -Hill Mansions has been put up for collective sale with an indicative price of $272.7 million or $700 psf per plot ratio. The property sits on a 243,525. sq ft site with a plot ratio of 1.6 and 12-sto-rey height restriction.224 words
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Article, Illustration464 2006-10-25 11 MATTHEW PHAN - Human health and enhancement seen as largest market in 21st century By MATTHEW PHAN BE ready to deal with innovations in nano, bio, neuro and info technology. According to a keynote speaker at the upcoming Global Entrepolis Singapore forum, future innovations464 words
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206 2006-10-25 11 NEXT week, Singapore will host its first Asia Design Network (ADN) Conference, which seeks to promote design exchange and collaboration among Asian countries. The annual event, which will be held in conjunction with Global Entrepolis 2006 on Oct 30-31, will bring206 words
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Advertisement528 2006-10-25 10 Series 2: Secured' Credit-linked Notes m mm AMA Enhanced returns on SGD of 5.25% per annum 2 USD Tranche A Notes offer an interest rate of 6.00% per annum 2 SGD Tranche B Notes offer an interest rate of 5.25% per annum 2 People's Republic of China Republic of Korea528 words
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Advertisement54 2006-10-25 10 i-IBBHW Over 500 Locations I" Ask us about Corporate, Individual or Group Instruction. I Cal Berftz t0day6733 a 7472 or visit www.berHtz.com.sg I 501 Orchard FioadW&<Xi/04 Wheekxk Ptace Singapore23BBBo BIRD'S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits54 words
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Advertisement19 2006-10-25 11 I I lianhp Zaobao I iin I nbid I I I SBcnmrnme I 1-■■ m i 5 i" rWA19 words
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Advertisement1581 2006-10-25 11 NOT FOR DISTRIBUTION. DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES* CANADA AUSTRALIA JAPAN OR INDONESIA i PT BERLIAN LAJU TANKER Tbk PT BERLIAN LAJU TANKER Tbk (incorporated as a company with limited liability under the laws of the Republic of Indonesia) OFFERING IN RESPECT OF 576,062,000 OFFERING SHARES1,581 words
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ECONOMY WATCH
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Article, Illustration508 2006-10-25 12 It says country's laws and rules now comply with WTO agreements AP [GENEVA] Vietnam's laws, rules and regulations now comply with World Trade Organization agreements, making it eligible to become the global commerce body's 150 th member, according to a WTO draft reportAP; AFP - 508 words
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245 2006-10-25 12 Bloomberg [NEW YORK] US venturecapital investments rose 11 per cent to US$6.2 billion in the third quarter from a year earlier, as financings of Internet and telecommunications start-ups were the highest since 2002. Companies that depend on the Internet for businessBloomberg - 245 words
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521 2006-10-25 12 Reuters [BEIJING] China mapped out its next steps in crucial financial reforms yesterday, saying that it would look to make the yuan more flexible and free up interest rates, while launching stock index futures in early 2007. Speaking at a financial forum,Reuters - 521 words
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233 2006-10-25 12 Bloomberg [NEW YORK] Companies worldwide are finding it harder to hire qualified workers, forcing them to raise wages, according to a survey by Manpower, the world's second-largest provider of temporary workers. Talent shortages meant a quarter of employers paid higher salaries compared withBloomberg - 233 words
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Advertisement173 2006-10-25 12 HE'S THE WORLD'S LEADING YOUTH AND TECHNOLOGY BRANDING GURU. HIS WRITINGS ON YOUTH AND MEDIA TECHNOLOGIES REACH 4 MILLION PEOPLE EVERY WEEK. HIS BOOK'BRAND CHILD'HAS REVOLUTIONIZED HOW COMPANIES COMMUNICATE WITH THE YOUTH. MMMIBW L "w "j y This November, the most anticipated forum on Brands returns for two invaluable days173 words
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Advertisement239 2006-10-25 13 r t U"ijT'U ,4' -I s i 4 i 'it if# 1 j *1; 1 f V'" 4 :SS fijra i *i-i f <' fa .■<? -if',?;'J •'***.♦sl AV«. Us, »'i, j ,> "^Tupr V 11 Introducing the all new Camry. jp ™Jsi& x w T iflf^V Reward your success239 words
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MALAYSIA
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636 2006-10-25 14 Abdullah plans to provide 'detailed and long replies' to criticism, says Najib AP AFP [KUALA LUMPUR] Top government members yesterday rallied behind Malaysia's prime minister in his spit with former leader Mahathir Mohamad, whose vitriolic criticisms have shaken the country andAP; AFP - 636 words
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519 2006-10-25 14 [KUALA LUMPUR] Malaysian construction firms, while eyeing jobs locally under the Ninth Malaysia Plan, are still being lured away by the many and lucrative opportunities available in the United Arab Emirates (UAE), according to a report in Malaysia's Business Times. What started out519 words
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BRIEFLY ASIA
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29 2006-10-25 14 Bloomberg [BEIJING] Starbucks Corp bought the owner of Beijing Mei Da Coffee Co, which operates more than 60 Starbucks retail stores in China. —BloombergBloomberg - 29 words
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90 2006-10-25 14 Reuters [TAIPEI] BenQ Corp posted a quarterly loss yesterday that was twice as big as expectations and announced a major cost reduction programme aimed at bringing its struggling handset business to break even by next year. The company said its handset production capacityReuters - 90 words
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56 2006-10-25 14 Bloomberg [CARACAS] Venezuela and China will create a US$6 billion joint fund to finance infrastructure development in the South American country .China will contribute US$4 billion to the fund, which will finance housing, telecoms and highway projects, and help build a heavy cargo railway acrossBloomberg - 56 words
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Article74 2006-10-25 14 Reuters IMUMBAI] ICICI Bank, India's second-largest lender, yesterday posted a 30 per cent rise in quarterly earnings, beating forecasts, as it rode strong loan demand and gains from selling off stakes in some companies. The bank said July-September net profit rose to 7.55 billionReuters - 74 words
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450 2006-10-25 15 PRIYANKA BHARDWAJ - Xansa wins £85m job, move will save BBC £200m over 10 years of tie-up By PRIYANKA BHARDWAJ in New Delhi IN A fillip to outsourcing work from India, the British Broadcasting Corporation (BBC) has said that some of its finance-based work would be450 words
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110 2006-10-25 15 Bloomberg [MUMBAI] The Indian government plans to ask about 100 companies if the money they raised through initial public offer (IPO) share sales was used for the stated purpose, the Economic Time# reported on its website, citing Company Affairs Minister PrernBloomberg - 110 words
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Page 14 Advertisements
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Advertisement105 2006-10-25 14 in I. Jp*T Terms Conditions: Fares shown are per person for a round-trip travel out of Singapore between 30 Oct to 31 Dec 06 Tickets must be issued within 5 days upon confirmation of booking or by 15 Nov 06 whichever is earlier Stopover in Bangkok not permitted Tickets are105 words
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Advertisement53 2006-10-25 14 •••95Q9M S rad «o9l (4 ItoplOArtistesz ©r George Michael 1 Vr h Mode p Ginien Stefani o Queen I U2 P Tti"* 1 8 Madonna_jg 0 Oaviu 6) Minogue jj ®i Journeu S Hotline 6319 1900 SMS 9766 6913 Radio 91.3 is managed by SPH Unionworks, a subsidiary of GiV53 words
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Page 15 Advertisements
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Advertisement599 2006-10-25 15 ft HtokkJl H sh 4sK wtem v t dsyK jSlk >'' I ISfI 4BWI Hfcs I I eLm HH Sfc.'-i' Wm\ y, Wb&.. jiBBBi j^^HKX 3 v A j y J j |A HH^^K *&k The similarities to any business, ask the right questions and w|p '59|£ you will realise599 words
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GREATER CHINA
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546 2006-10-25 16 JANE MOIR - Stiff competition leads to illegal kickbacks in property deals By JANE MOIR in Hong Kong A SERIES of raids on estate agents by anti-graft officers has put the spotlight on Hong Kong's fiercely competitive market for property commissions, which is teetering on546 words
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295 2006-10-25 16 Reuters [SHANGHAI] US private equity firm Carlyle Group has raised by 20 per cent its offer price for a reduced stake in China's Xugong.Group Construction Machinery Co, as it seeks approval for the, deal now worth about US$22B million. CarlyleReuters - 295 words
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224 2006-10-25 16 It's the US retailer's second co-branded card in China Reuters [CHICAGO] Wal-Mart Stores Inc is teaming up with Chinese bank Shenzhen Development Bank to launch a credit card in China, tapping the country's US$2 trillion in domestic savings. The co-branded card would beReuters - 224 words
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Article, Illustration326 2006-10-25 16 AP Bloomberg [SHANGHAI] Chinese stock prices jumped yesterday, with the key Shanghai index closing at a five-year high as funds used to bid for shares in Industrial Commercial Bank of China flowed back into the market. The benchmark Shanghai Composite Index surged 2.6AP; Bloomberg; Source: Bloomberg - 326 words
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Advertisement16 2006-10-25 16 1 m jmL Jii lliiKiJyi alßM^^^B^WMli y at A* j-Mfc H^BE JMb aAmLA my y I16 words
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MIDDLE EAST
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Article, Illustration594 2006-10-25 17 ANTHONY ROWLEY - It wants to become a 'secure supplier' to Asia, and invite bids to develop country's oil fields By ANTHONY ROWLEY in Tokyo IRAQ expects to raise its oil exports sharply to 2.25 million barrels a day by yearend and will focusAFP - 594 words
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150 2006-10-25 17 Bloomberg [DUABI] Daily Mail General Trust, publisher of the UK's Daily Mail newspaper, bought a majority stake in Dubai-based publishing company Catchpole Communications for US$7.2 million to bolster its presence in the Middle East. London-based Daily Mail acquired a 60 per centBloomberg - 150 words
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674 2006-10-25 17 AP [DUBAI] As Israelis and Arabs emerge from the war in Lebanon, a booming diamond exchange in this Arab country 2,100 kilometres away is hard proof that some Arab-Israeli ties have survived despite the region's tensions. The two-year-old Dubai Diamond Exchange has putAP - 674 words
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Page 17 Advertisements
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Advertisement166 2006-10-25 17 5B Turn your home into cash and enjoy the overdraft pegged against the lowest prime rate with DBS Asset Line. Fulfill the dreams you might have of starting or expanding your own business, seizing an investment opportunity or Benefits of DBS Asset Line: paying for your child's education while paying166 words
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ASIA-PACIFIC/WORLD
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Article, Illustration689 2006-10-25 18 He is now on home detention until he is ordered to report to prison Reuters. AFP [HOUSTON] Former Enron Corp chief executive Jeff Skilling was sentenced on Monday to more than 24 years in prison for leading a financial fraud that destroyed theReuters. AFP; AP - 689 words
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Article451 2006-10-25 18 Reuters [SAN FRANCISCO] International Business Machines Corp said on Monday it had filed two lawsuits accusing Amazon.com Inc of violating patents on features used in its online shopping network. The suits, filed in federal courts in Texas, assert that Amazon violates IBM patents for featuresReuters - 451 words
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Article, Illustration403 2006-10-25 18 AP Bloomberg [TOKYO] Sony executives apologised yesterday for inconvenience caused by a massive global recall in laptop batteries, but said the problems were now fixed and that none of the company's top leaders would resign over the recall. Sony Corp said improvementsAP; Bloomberg; AFP - 403 words
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463 2006-10-25 18 AFP [LONDON] London's financial district must work to develop better business relationships with both China and India or risk losing out to competing cities and countries, a new report warned yesterday. Written by SAMI Consulting and Oxford Analytica, the report recommended financial services firmsAFP - 463 words
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330 2006-10-25 18 Bloomberg [WASHINGTON] President George W Bush said he is "astounded" by the size of some executive pay packages and urged companies to tie salaries to performance, while stopping short of advocating government action. "These compensation packages can get out of hand," heBloomberg - 330 words
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202 2006-10-25 18 AFP Bloomberg [TOKYO] Carlos Ghosn, the Brazilian-born executive credited with saving Nissan Motor Co from bankruptcy, has been appointed an Honorary Knight Commander of the British Empire, the company said yesterday. Mr Ghosn, who is now chief executive of both France's Renault and Japan's Nissan,AFP; Bloomberg - 202 words
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WORLD WATCH
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91 2006-10-25 18 AP [LONDON] BP pic, Europe's biggest oil company, yesterday said third-quarter profit fell 3.6 per cent after a partial shutdown of its Alaska operations and higher taxes in Britain. Net income for the three months ended Sept 30 was U556.23 billion, compared withAP - 91 words
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93 2006-10-25 18 Reuters [CALGARY] Royal Dutch Shell has offered to buy the 22 per cent of Shell Canada Ltd it doesn't already own for C 57.7 billion (5510.7 billion) to halt a slide in its reserves and expand its oil sands holdings, but oneReuters - 93 words
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Article80 2006-10-25 18 AP [FRANKFURT] German drug maker Merck KGaA, which is acquiring Swiss biotechnology company Serono, yesterday said third-quarter profit dipped 21 per cent because of one-time charges related to its generics and life science units. Net income fell to 144 million euros (*****.6 million) in theAP - 80 words
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67 2006-10-25 18 Reuters [TOKYO] US investment bank Goldman Sachs Group priced the IPO of its Japanese golf course business at the top end of its target range at US$l billion, showing strong demand for the country's third-biggest share listing this year. Goldman will sellReuters - 67 words
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65 2006-10-25 18 Reuters [NEW YORK] Real estate investment trust Douglas Emmett on Monday raised almost US$l.39 billion in an initial public offering that was priced at the top end of underwriters' expected price range. The 66 million share offering, which was raised from 55 millionReuters - 65 words
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MOTORING
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Article, Illustration560 2006-10-25 19 SAMUEL EE - Orders for more than 100 cars received before launch here By SAMUEL EE MORE than 100 units of the new flagship Lexus saloon have been ordered even before tonight's launch to prospective buyers and other VIP guests at the ShangriLa hotel. The figure tops theAFP - 560 words
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Article, Illustration545 2006-10-25 19 SAMUEL EE - By SAMUEL EE HONDA Diracc's recent investment of almost $2 million is significant not only for the amount spent but also in the way the new technology for its car-sharing service has been developed with a Singapore company. Honda Diracc is managed by Honda ICVS545 words
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Page 19 Advertisements
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Advertisement176 2006-10-25 19 style a J the calms the 4|jNfi| elegance to a atmosphere sure every a V I <jfl 9 mm mm m fe.ST 11 1 r^-jm>-..e.-a .&tvw< .S3?, B^vl 'WtSmmHmsm r **»#•*>*»* <*, 2.3*. mMi f I i Specifications mmy from model to model Specification* subject to change. #SHlFT_modern luxury CEFIRO176 words
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AVIATION
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Article, Illustration458 2006-10-25 20 UK worried about job losses, wants a Briton to watch its interests Reuters [LONDON] The co-chief executives of Airbus parent EADS held "constructive and useful" talks with UK officials on Monday but failed to name a nonexecutive director to the EADSReuters; AFP - 458 words
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180 2006-10-25 20 Reuters [SHANGHAI] Deutsche Post's express delivery arm DHL Express may conclude a deal with Shanghai Airport Authority to build a hub for its regional operations, a senior Chinese executive said yesterday. "Negotiations with DHL for a Shanghai hub are ongoing, and weReuters - 180 words
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320 2006-10-25 20 LAT-WP [NEW YORK] Jetßlue Airways Corp has been reprimanded by the Federal Aviation Administration (FAA) for allowing pilots to fly more hours than regulations permit in an attempt to study pilot fatigue without permission from high-level FAA officials, the company said onLAT-WP - 320 words
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LOG BOOK
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94 2006-10-25 20 Reuters [SHANGHAI] Chinese regional carrier Shanghai Airlines Co Ltd, a long-time loyal customer of Boeing, may turn to Airbus as it expands its fleet, executives of the airline said yesterday. "We are seriously considering ordering some A32os, and we have good reasons to doReuters - 94 words
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78 2006-10-25 20 Bloomberg [NEW DELHI] Indian Airlines Ltd, which ordered 43 planes from Airbus SAS this year, said it will lease an additional 11 aircraft to meet growing demand for passenger traffic. Indian Airlines will lease five Airbus A 320 aircraft and six regional jets,Bloomberg - 78 words
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87 2006-10-25 20 Bloomberg [FRANKFURT] Austrian Airlines Group's third-quarter profit beat analysts' estimates as the country's largest carrier had fewer writedowns and gained from currency shifts. Net income was 34.9 million euros (5568.9 million), or 1.08 euros a share, versus a restated loss of 21.5 million euros, orBloomberg - 87 words
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456 2006-10-25 20 Move to plug gap in the supply of passenger jet Reuters [MONTREAL] Bombardier Inc could decide by yearend to revive its dormant plan to build a new 110- to 130-passenger jet, an analyst said on Monday. Jacques Kavafian, an analyst at Research Capital,Reuters - 456 words
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232 2006-10-25 20 Reuters [BERLIN] Germany's president refused .yesterday to sign a new law allowing the sale of a stake in air traffic control firm Deutsche Flugsicherung (DFS), blocking a move the government had hoped would bring it one billion euros (Ssl.9 billion). President Horst Koehler hadReuters - 232 words
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Article2099 2006-10-25 20 on Hiwrr cta fuwtt m> scxc7 oris kbgo 0925 AM80 0740 AM81 162S SOS S0456 1340 IC8S9 0805 S0408 1855 AMatih LH9771 1750 LH9770 2345 nZOHS Ira rTCUl HEX Xtf3Q 1750 W29 »HS rays > DmpmarMM SQ141 1145 S0142 0935 <ZL><11 LQ4031 AZ3993 2255 1535 5Q1462,099 words
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Page 20 Miscellaneous
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Miscellaneous273 2006-10-25 20 CRYPTIC CROSSWORD 1 Flimsy paper stored in folder 5 Keep returning Manx cat to |H 9 Conservative-Socialist split (5) mad |hJ LmJ 10 Wine producers in communi- SB 9B H H cation (9) 11 11 Core adherent is devastated 12 From Tel Aviv I got to Spanish PHi fIH. 18273 words
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SHIPPING
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607 2006-10-25 21 DAVID HUGHES - World fleet would harm environment less by switching; ICS demurs, though By DAVID HUGHES in London TANKER owners' group Intertanko says the world fleet should switch from using residual fuel to expensive distillate fuel, such as diesel, environmental reasons. The proposals, if adopted, would607 words
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203 2006-10-25 21 Bloomberg [HONG KONG] China Cosco Holdings Co, owner of the nation's biggest containershipping line, said thirdquarter sales from carrying cargo increased 7.6 per cent after rising trade boosted shipments. Sales from the unit rose to 9.21 billion yuan (Ssl.B billion) in the threeBloomberg - 203 words
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931 2006-10-25 21 DAVID HUGHES - STRAIT TALK By DAVID HUGHES THE vast majority of the world's fleet are powered by marine diesel engines. What's slightly confusing for the nonshipping person is that most of these engines do not actually run on diesel but on residual fuel oil.931 words
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Article, Illustration474 2006-10-25 21 Inspection of vessel reveals several safety violations Reuters [HONG KONG] Hong Kong has detained a North Korean ship for suspected safety violations just days after the United Nations Security Council imposed new sanctions on Pyongyang, a local newspaper reported yesterday. The 2,035-tonne general cargoReuters; AFP - 474 words
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371 2006-10-25 21 Reuters [HONG KONG] Hong Kong is targeting global growth in cruise holidays to expand its tourism industry and expects a proposed new cruise terminal will generate annual revenue of up to HK$2.2 billion (*****.6 million). The government said yesterday that aReuters - 371 words
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Article292 2006-10-25 21 SGX '000 Oct 23 SS *4- Vol CH Offshore 039 192 ChuanHup __031 -0.01 2066 Ccsco Corporation 1.83 -0.03 6818 CWT Distribution .0.56 -0.01 63 Ezra Hidgs .190 unch 271 Freight Uhks. .0.07 unch 603 Grand Banks Yacht 0.86 unch 3 Java Holdings 139 -0.07 ***** K1 Venture292 words
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Advertisement17 2006-10-25 21 international Ship Classification Keeping you ISClass at the forefront of maritime safety, |0«j129S security and environmental protection17 words
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EDITORIAL & OPINION
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Article524 2006-10-25 22 EDITORIAL THE recent statement by Minister Mentor Lee Kuan Yew in Las Vegas that Singapore has not ruled out the possibility of allowing more than two integrated resorts (IRs) in the future brings a much-needed dose of vision and pragmatism to Singapore's attempts to tap524 words
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Article, Illustration1194 2006-10-25 22 SIOW LI SEN - Although it is a tolerant society, violence is never far from the surface. People resort to violence when they have been abandoned, or when ties to societal structures are broken SIOW LI SEN Senior Correspondent ON THE night of Sept 19 while watching theAP - 1,194 words
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Article, Illustration779 2006-10-25 22 FRANK CHING - THE BOTTOM LINE FRANK CHING THE North Korean nuclear test may have created a crisis atmosphere in the world but, at the same time, it has greatly improved China's relations with the United States as the two countries work closely together to put779 words
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Article, Illustration1006 2006-10-25 23 ANDY MUKHERJEE - The competitive landscape in Asia has changed, and it's time that politicians take a fresh look at an emotional issue ANDY MUKHERJEE THERE is a touristy Malaysia, which beckons visitors to "come experience the unique potpourri of Asia's great cultures Malay, Chinese, Indian andAFP - 1,006 words
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Article, Illustration1329 2006-10-25 23 ONG YONG HWEE - We have to believe in ourselves as precious racehorses where personal health is concerned By ONG YONG HWEE WORKHORSES are usually kept to do hard manual work in the open fields and are not necessarily well taken care of. These animals are usuallyFILE PHOTO - 1,329 words
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Article5666 2006-10-25 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tn tool cwt In 5$ In US} dy dy *jt Kd) \yr OtlH iretaa Change Chug* Change Change Ch»nq« Change World inbp Prelimrery ***** 05 98 0.4 6.5 03 12.4 SAFt Piefcnjwj 1073.3 05 103 0,2 96 M 154 EKtjpe Preliminary ***** 045,666 words
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Advertisement949 2006-10-25 25 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DD LEADER RDM/ATW/BMN/TLB/NAN OCEAN JADE CAM/NFK/NO/SAV Loads Singapore, E./W. Malaysia, Indonesia rtl Loads E./W. Malaysia, Indonesia MIPOLE-WT SEBVICE SERVICE Destination BLUE SKY 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 Tramping949 words
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Advertisement706 2006-10-25 25 IS DONGNAMA LINE COMTOWWiiD »MVICt VTSSa (EVIRY SAT) VOY SGP HKG (MT HRMINAL) YM MUMIAJI in 21/10 01/11 ORIENTAL MIGHT 074f 04/11 01/11 VESSEL (EVERY SUN) VOY SGF HKG KOTA HARMUNI HN1309 19/10 02/11 KOTA HASII HAS43S 05/11 09/11 VISSa (EVERY SUN) VOY MP HKG (MI) TKY YOK KOK MOLGLORY706 words
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Advertisement705 2006-10-25 25 vcsa/vor ramkkt) hbchtw to kh to I sm i jct STRAITS EXPRESS SI 30 4OVH 30/10 01/11 ORCHIO EXPRESS 7» 50 4J 02/11 05/11 I AUSTRALIAN ROtO SBtVlfll• 1 VBsa/yor jMrgm JjMjgW to sm i stp m mm jrr I si I m I DRESDEN/D 57 100 5.0 00-01/10 IUI/10705 words
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Advertisement1587 2006-10-25 26 WAN HAI INTERNATIONAL PTE LTD a NO: **********0/R VT r,\ iiia TIL *****588 (14 UNES) FAX: *****163 I\\N 1 WAN HAI I INFS Go,on,er Service/***"?* Direct Ljm (1800) *****200 YljlV »IHII llnl m TH: (03) 334M8K FW: (03) *****2U FBI IB: 104) 2265W8 MX: jtVmttn V JOH H: ID/) 2SIWZJ1,587 words
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Advertisement1199 2006-10-25 26 |~|r\ EASTERN CAR LINER, LTD IT——— 1 SPEOAUZIIH RORO t HEAVY UFT WTO 450 TONS I MTU-ASU SOVKZ VOY R«p IM* SM Iff PU(N) PO(W) PNN JKT SW Id MNM ITU |kUCHM6 GOLD MENAM 73 40 122 ~57T6~ 17/10 30/10 31/10 cteMK6mifli6fli —rcr ir ~ar tttf ~—m sw —syn UUCACE1,199 words
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Advertisement171 2006-10-25 26 BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM STORE TO KARACHI I YKSa [VOYAGE ETA SWGAPORE ETA KARACHI IMAKIAN or s«fetiMi TU 25.10.2006 06.11.2006 |»otAN«rs«toiM» 11A 10.12.2006 21.12.2006 M** SEA-PAC MANAGEMENT PTE. LTD. 70 Anion Rood 017-07/08 Apax Towar, Singapore *****5 Tataphooa: 6270 0977 VII Foc*imiU: 4275 2309 T«i»x: RS ***** StAPAC171 words
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Advertisement740 2006-10-25 26 w WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VKStL VOY SIN PJQANC COtMttO It SKY* CQIOMBO HOWUH BRIDGE 005 M 17 00 18 OCT 21 OCT 74 OCT 28 OCT HOT* rawiKA YPWW3 24 OCT 25 OCT 21 OCT 31 OCT 04 NOV WDIUGANOHI740 words
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THE BUSINESS TIMES SHIPPING TIMES
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5900 2006-10-25 27 This ETA HA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dasfn Name Name IkMer Number SIN Desfn Name Name Number Itaabw To BANDAR KHOMEINI (BKM) 2037 Iran To ABIDJAN (ABJ) 2003 Cote D'lvoire OWl 23/11 IRISl IRAN SHAHRYAR PCI 81665,900 words
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Advertisement590 2006-10-25 27 VESSEL VOY I PKI I SIN KARACHI PXB BAB NHS DMM BIK KHOR~~| JOUY PCL 8162 30/10 08/11 9/11 13/11 17/11 19/11 IRAN SHAHRYAR PCL 8166 01/11 02/11 11/11 14/11 13/11 21/11 23/11 23/11 IRAN SATTARI I PCL 8168 1 08/11 I 09/11 18/11 21/11 22/11 28/11 30/11 02/12 1590 words
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Advertisement343 2006-10-25 27 STTir fa p !mu ifcjj W SffAH -W1 «fll BMI HI lAM6A IUHI H/16 $3/16 m«WH »H H/ll 15/11 "wrom fwIHT $7T5 ncu»(xi Wi 9 srfn ill i ijmw I i 11 ttl HpgßtfanyiwT —m SIOJ smj MZII_ I |tffff???L. |g> l*/" I I 1 luwosogp ioi__LjiZiL gZZUL_ L I343 words
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Advertisement294 2006-10-25 27 CONVENTIONAL SERVKE ETA SIN LOADING FOR 27 OCT DUBAI, OAMMAM 28 OCT CHENNAI 10 NOV MALE, COLOMBO 10 NOV BOMBAY, CHITTAGONG f"igi lllor ymvig7ti'onTroupl I( SING 1970 I OWNS OPERATES THE YOUNGEST FLEET 1 WITH FOURTEEN 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS a REGULAR WEEKLY294 words
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EXECUTIVE MONEY
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Article, Illustration798 2006-10-25 29 CHET CURRIER - Has the Fed accomplished its mission? If a soft landing follows, investors may find much to celebrate CHET CURRIER Bloomberg WHEN the Federal Reserve stopped raising interest rates, it started something in the stock and bond markets. The US central bank, which hadBloomberg - 798 words
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Article, Illustration760 2006-10-25 30 GENEVIEVE CUA - AllianceBernstein believes growth stocks that have lagged will start to look attractive if the Fed cuts rates next year. GENEVIEVE CUA reports GENEVIEVE CUA GROWTH investing, which suffered six years of underperformance against the value style, could come into its own again if the Federal ReserveSource: - 760 words
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815 2006-10-25 30 Bloomberg BILL Gross, manager of the world's biggest bond fund at Pacific Investment Management Co, says Treasuries maturing in less than two years will lead a market rally next year as the US Federal Reserve lowers interest rates. George Fischer, who oversees US$22Bloomberg - 815 words
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Article, Illustration963 2006-10-25 31 MICHAEL CEMBALEST - Going for alternative investments, as endowment funds do, jacks up returns but should be approached with caution By MICHAEL CEMBALEST I ATTENDED a meeting of the JP Morgan Retirement Plan that highlighted an interesting trend in the institutional investments world: differing approaches toSource: The Chronicle of Higher Education, Greenwich Associate, D Morgan Securties Inc - 963 words
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Article, Illustration837 2006-10-25 32 GENEVIEVE CUA - A Boston Consulting study on private bank clients reveals insights on what drives their investment behaviour. GENEVIEVE CUA reports GENEVIEVE CUA WHEN Boston Consulting Group vice-presi-dent Tjun Tang visited a Chinese private bank client recently, as part of research for its annual wealth report, he foundSaurce: Boston Consulting Group - 837 words
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Article158 2006-10-25 32 THE wealthy in Asia-Pacific (ex-Japan) have as much as 8 per cent of their assets in structured products compared with the global average of just 3 per cent, the Boston Consulting Group estimates. In its latest wealth report, BCG puts the size of Asian assets under management158 words
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Advertisement167 2006-10-25 29 8 i V AII jP T TTn '9H I II I I i\T\ lIC I i JBHH 1 \J UL \JU v/ u mßm JSebring global At ÜBS Wealth Management, we understand that success is the product of design, not destiny. So, with the wisdom and resources of a global167 words
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Advertisement1002 2006-10-25 29 lonics EMS, Inc. (Incorporated in the Republic of the Philippines) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of lonics EMS, Inc. ("the Company") will be held at Sta. Elena Golf Club, Cabuyao, Lag una, Philippines on Thursday, 9 November 2006 at 101,002 words
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Advertisement450 2006-10-25 30 A R j2S^P|JOiHHP^^^^HV^ \Br fe• Xgi v >BjflP m VH ji®? aA i -xm^M■ fIH Jr j| J^HH S, w Jm '^Lv -SiMfc* k -V Return the completed questionnaire to us through one of the following ways by 3 December 2006: Mail: Singapore Press Holdings, Marketing Planning Development (Research) Department450 words
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Advertisement292 2006-10-25 30 SWAT Accounting h If you are facing any of these; r OUTSOURCING "messy" accounts arising from change of systems staff turnover J f need shorf or i ong term accounting assistance, for e.g.: inability to meet statutory reporting deadlines your rtaff are on bloclc leave (e g mate rnity leave,292 words
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Advertisement256 2006-10-25 31 4 Jfj I^M As a pioneer member in the local investment scene, we are better positioned to understand your trading needs. Most importantly, you can trust us as your reliable choice to Currency Trading. Why trade Currency with Phillip Futures: For more details, call 6538 0500 or SMS PFPL<space>Name<space>Age*space>Enquiry to256 words
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Advertisement407 2006-10-25 31 I I A A UISTrIDuTOrV JABNAMRO cffjbarik DM Q ©kimeng HoMna: 1800 ABN AMRO HotHn* 6333 9000 Hotßm: 6338 3773 HoMna: 6226 0300 1800 224 2676 UOBKayHian HoMna: 1800-MAYBANK HoMmc663B 4775 HoObw 1800 7****** H0Mm:6636 9336 \T*VV IvIBIIIII UyllCll 1800-*****66 9 v Disclaimer and Important Notice: The Notes and this407 words
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Advertisement138 2006-10-25 32 I ISp i ,imtknKnmUmS£sk^lr experience WWi Terminal 3 ppefWwTend our increasing M BilIM W&- for people With I acar~ta*n>oordal «pd%. aohtoyemeM lo join I|mm B our management team, tf you are a self-starter, committed to the mm- R pursuit of excaAatxa and a good team jttger, we are looking for138 words
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Advertisement11 2006-10-25 32 ALTERNATIVE INVESTMENTS The difference between you and an endowment pg 3111 words
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