The Business Times, 4 December 2006

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Total Pages: 32
1 32 The Business Times
  • 24 1 THE BUSINESS TIMES Wth ANNIVERSARY 3b SINGAPORE 85 cents online at http://business-times.asial.com.sg JF A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Monday, December 4,2006
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  • 1152 1  -  Compared to options, grants work better to align interests and are more tax-favourable By MICHELLE QUAH [SINGAPORE] An increasing number of Singaporelisted companies are choosing to reward employees with grants of actual shares rather than share options as recent tax changes and the
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  • 612 1  -  S'poreans should be paying less than non-citizens By MATTHEW PHAN [SINGAPORE] Singapore will henceforth make a clearer and stronger distinction on how it treats citizens, permanent residents (PRs) and other non-citizens when handing out subsidies for healthcare and education, Prime Minister
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  • Page 1 Advertisements

  • TOP STORIES
    • 857 2  -  WALL STREET INSIGHT Wall St troubled by slowing economy, Fed's continued focus on inflation By ANDREW MARKS in New York WHEN you combine a stock market that's enjoyed a four month-long rally, bringing it to near-record levels, with increasing signs of a shrinking
      AFP  -  857 words
    • 681 2  -  By RONNIE LIM [SINGAPORE] Thicker bonus envelopes should be landing on oil traders' desks this year. Notwithstanding the usual Q4 trading slowdown, volumes for both physical oil and paper or oil derivatives traded in the Singapore market this year is expected to be
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    • 97 2 [SINGAPORE] Prime Minister Lee Hsien Loong has written to President Gloria Macapagal-Arroyo of the Philippines to express sympathies over the outbreak of floods and mudslides in southern Luzon, which has led to a death toll estimated last night at more than 800. On
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    • 512 2 Westcomb aims to recover lost ground in 2007 WESTCOMB Financial Group used to bring so many IPOs to the market that its founder was known as "Mr IPO". But this has proved to be a challenging year for the firm. Hurt by a three-month ban on new mandates,
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    • 808 4  -  Founder Choo Chee Kong unfazed by impact of 3-month IPO ban, staff loss By WONG WEI KONG [SINGAPORE] Westcomb Financial Group used to bring so many IPOs to the market that its founder, Choo Chee Kong, was known as "Mr IPO". But
      808 words
    • 135 4 MARKETS WMk Chge ST1 .2836.04 +21.23 KLCOMP 1080.11 —+19.68 NIKKEI 225 *****.78 ....+587.18 HANG SENG *****.82 -569.48 SET INDEX 741.38 ......+17.51 JAKARTA COMP ...1734.75 ......+17.02 MANILA COMP ....2788.46 -2938 TAIPEI TAIEX 7613.57 ....+186.21 SEOUL COMP .......1434.36 —+12.63 SHENZHEN B 379.58—+19.79 AUST ALL ORD 5415 JO. -16 JO DOW
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  • Page 2 Advertisements
    • 91 2 IMHtt Diners Club Card r»«.//64i6 0980 lll8lilHBHB» yl World of Exclusive Privileges Treats Diners Club ,1 iiiiiMk!• V.™ International' A, BRING IT ON Prepare to tackle a mouth-watering B selection of freshly prepared cuisine at our new Cafebiz. Indulge in freshly prepared dishes for both lunch and dinner, all whipped
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    • 93 2 V Amaztnf Gran L Owd i—inr I>WI'I mil N—< 1»H« II HI *1. I W Sttout ai Hwce advafttaraa and MM thai got* teyond. HK f Mt to a aotmdtrack amoatfi ttoa Jazz. Taatrtha gtaiaew, If* vary nam. vmy fraafc... Ifa wry Oacv't I $106 *4th fraa (tow Vauvt Cltajuol
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    • 78 2 people Your search ends here. www.thepeopleatwork.com Asia Pacific Executive Search Ji| On Christmas Eve, start off with a seafood terrine with chilled garden veggies and pink pepper vinaigrette, warm up with a cream of pumpkin and orange soup, followed by a choiee of mains: Either roasted roulade of young turkey
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    • 77 2 if MriW*A«N*lMwMtlfcr > 1 «MO«t)t<ui»ia I Exclusively for 1 Diners Club Caramembers: 50% off I second main course J rami a CMMom Promotion <|M unM 11 Dmmtar MM Stnctty by '«a*.v*t<o<M only Promotion <*M Kv on/f f Oacoont «M tor man caur*e* *om W« c»m menu omy 1 *wnot<on net
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  • Page 3 Advertisements
    • 1000 3 BT ADVERTORIAL jnHBHMHBfllHHBRBHHMH xXp Dream thing: Chopard Jubilee Edition: This L.U.C Qualite Flight of imagination: The LU.C Singapore connection: L.U.C Steel Wings Tourbillon. Sharp: The LU.C Lunar One's moon Co-President Karl Friedrich Fleurier Jubilee Edition commemorates Tourtiilon Steel Wings Classic has Five special limited pieces were made to phase indication
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  • Page 4 Advertisements
    • 83 4 HITACHI^ 1 v■' I nsC J mmm M I. JmBW Blil |f^H| ■>*v. 1 i. I L 13 E SII 11 iii fl'l'lf''" *B m |P m ■d iiMH Cdlsbrdtinir fcstivfi '568S0it« that kicks up notch of efflc a? yoi/ takfe w business Jo a high^feyel /j 'S ✓> ~j
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    • 66 4 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account. m• **1M ft Do you hav< :^e^°^ ous getaways. desire r, "9 en expen ence or romantic dining ytJt CeCdne"«dio9li3
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  • Page 5 Advertisements
    • 508 5 A^iL.n.iit'i m jjwllrfc.#'V jn f\V f% 8 I &s*'.. Vii py y 1- Aw lllw r JV JH tf H I sjl(f jn Retail Crown (BVI) Limited (the "Vendor"), an indirect wholly-owned Investment Highlights subsidiary of Capita Land Limited (the "Sponsor" or "Capita Land"), is Forecast Year 2007 distribution yield
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  • VIEWS FROM THE TOP
    • 3307 6 THIS WEEK'S TOPIC How well are organisations in your industry rewarding their employees this year? Do you expect wages to rise significantly next year? THE announcement by the government of the year-end 2.2-month bonus for civil servants is welcome news for the public sector. For the
      3,307 words

  • Page 7 Advertisements
    • 221 7 BT CEOs e-Club Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub' is a virtual one, with interaction mainly via e-mail. Each week, we will invite comments from these top executives
      221 words

  • SINGAPORE MARKETS
    • 660 8  -  STOCKS R SIVANITHY Senior Correspondent Domestic factors currently appear to favour a positive outlook for the local stock market, while external influences though not outright negative may be flashing a warning of caution. Record en bloc sales and the lure of
      REUTERS  -  660 words
    • 379 8 Pq«M u toots r*/ fwfmart b U*a »*y trtil <*» dBM df (ad d«U t*W toL Apollatmwpw q 1006 2M*» 120K KodOfBlna P JOC 12Q* ISOK OSPai AwP<i«. f SS* »»1 014* 12-feb MortGifOlnM 330 12-0«C 1Mk_ »-Jan aupkifw a m» 01-Kb w w*w»nai» i mo u*» jw«»
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    • 325 8 CURRENCIES AFP [HONG KONG] Asian currencies mainly gained last week against a plummeting US dollar as weak figures raised further concerns about the American economy. Japanese yen: The yen gained to 115.76 to the dollar late on Friday, compared with 116.37 a week earlier. "In
      AFP  -  325 words
    • 1866 8 Consensus No.of Forecast Mean Fri's Consensus No.of Forecast Mean Fri*s recommendation esti- EPS PE target price recommendation esti- EPS PE target pn<* Company name Thiswk Last mth mates (cents) (ratio) price Company name Thiswk Lastmth mates (cents) (ratio) price (S) Advanced Holdings 2.00 2.00 2 5.85 5.56 1.14
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  • Page 8 Advertisements
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      51 words

  • COMPANY NEWS
    • 291 9 75-78% utilisation beats October prediction of 70% Reuters CONTBACT chip maker Chartered Semiconductor Manufacturing said on Friday that it was using 75-78 per cent of capacity at its most advanced factory, slightly better than forecast. Chartered had said in October that about
      Reuters  -  291 words
    • 644 9  -  HOCK LOCK SIEW By CONRAD RAJ DUTCH brewer Heineken's move to take mainboard-listed Fraser Neave to court would have surprised most minority shareholders, especially when the two have been partners since 1932 in one of Singapore's most profitable companies, local beer maker Asia
      644 words
  • Page 9 Advertisements
    • 856 9 :*at^ e? NOTICES LOST SHARE CERTIFICATE The following share certificate has been reported lost, mislaid or destroyed by the registered shareholder: RSH Limited *****024 327,000 DBS Bank Ltd Notice is hereby given that replacement certificate will be issued and the original certificate will be deemed cancelled and void fourteen (14)
      856 words
    • 229 9 Christmas Order PrograMM llljjll!^^ desired. Trimmings and garnishes are not included. All weights •*'j Q. _J_ VV< ■-<*/_ indicated are approximate measurement. All prices reflected are C-M/rl& IA/Uf? good as of published date and may be subjected to change. All ''7 items are subjected to availability. Platters ore available tor
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  • SINGAPORE MARKETS
    • 1487 10  -  TEH HOOI LING Senior Correspondent ESPITE an 1 extremely M volatile week, all our portfolios managed to end up higher, and beating both the Straits Times Index and the UOB Sesdaq Index at that. The portfolio which advanced the most was the one-year top losers portfolio.
      1,487 words
    • 1562 10  -  INSIDE MARKETS By ROBERT HALILI THE buying was up while the sales activity fell last week based on filings on the Singapore Exchange from Nov 27 to Dec 1. Buyers posted 43 acquisitions, sharply up from the previous week's 32 purchases. Sellers, on
      Filings by Deutsche Bank AG  -  1,562 words

  • COMPANY NEWS
    • 426 11  -  IPO WATCH It plans to offer at least 25% of enlarged share capital for listing on the mainboard By ANGELA TAN CHINA Farm Equipment Limited, a maker of diesel engines and farming equipment, plans to raise at least $11 million
      426 words
    • 469 11  -  Proceeds to be used to up production, undertake R&D By WEE LI-EN UNIONMET, a Chinese indium ingot maker, plans to make an initial public offer of shares in Singapore to raise funds for expansion. The company plans to sell 100 million new
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    • 423 11 Reuters SINGAPORE plastic parts maker Sunningdale Tech Ltd sees better firstquarter 2007 sales and earnings compared to this year, as an industry glut eases and prices stabilise, but it faces margin pressure and competition from new suppliers in Eastern Europe and China. Sunningdale, formed
      Reuters  -  423 words
    • 359 11 Reuters VINAMILK, Vietnam's largest listed firm, may list its shares on Singapore's stock market next year, in what would be the first foreign listing of a Vietnamese firm. The Vietnam Dairy Products Company, or Vinamilk, is valued at around US$93O million on
      Reuters; AP  -  359 words
    • 159 11 BIOSENSORS International said its chief financial officer (CFO) Chato Abad is quitting "to pursue other professional interests". Biosensors has started to look for a new CFO. Meanwhile, its president Kee Lock Chua, supported by Yang Joo Chua, senior vice-president of finance, will oversee the financial functions. The
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  • Page 11 Advertisements
    • 347 11 NOTICES In the Mcrtter of The Companies Act, Cap. 50 And In the Matter of SEMBAWANG CORPORATION INVESTMENTS (S) PTE LTD (Company No. *****7451E) {In Members' Voluntary Liquidation) Notice is hereby given that at an Extraordinary General Meeting of Sembawang Corporation Investments (S) Pte Ltd deemed to have held pursuant
      347 words
    • 151 11 LY RICHER A WU& 9 Dec 06 I Bpm M University Cultural Centre Hall A Jazz Inspired Evening Vlf"' with Singapore Lyric Opera Orchestra, Chorus and Children's Choir and some f of the best Known local musical talents AHf Featuring: m George Gershwin's Porgy I Bess, I Got Rhythm and
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    • 141 11 Business Continuity VlnClWrn Compliance Best Practices SwUMIIiIS i!lw "TEgs-sr-■tor Hear from thought leaders and i Aimi 4 Tflfli'm *.witiw I'MiMii'iiffiMijitufii J www.frost-ses.com n ecurit y I Featuring comprehensive case studies, in-depth analysis insights from these leading organizations: •BT 4 Ms.-' Deutsche Bank AG ,M SBHHBBj Khazanah National Berhad, Morgan Stanley
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  • SINGAPORE NEWS
    • 397 12  -  By MATTHEW PHAN ASIAN countries that import foreign labour could learn from Singapore in terms of educating and protecting their migrant workers, though its laws, especially on minimum wages, can be improved, said representatives from the Migrant Forum in Asia (MFA). Last week,
      397 words
    • 408 12  -  Funding will help it expand to sell its blood pressure monitor worldwide By DANIEL BUENAS HOMEGROWN medical technology company HeaIthSTATS has secured a third round of investment funding totalling $11.5 million from a consortium of investors, including PI Holdings and Whiteßock Healthcare. Previously, the
      408 words
    • 406 12  -  By MATTHEW PHAN SINGAPORE has the opportunity to move quickly into patient-centric health care, under which individuals are equipped with information and bear the responsibility and part of the cost of choosing the most suitable treatment for themselves. Patient-centric health care means
      406 words
    • 631 12  -  By SIOW LI SEN INTERNATIONAL SOS (ISOS), which operates a round-the-clock air ambulance service, is considering going public. The Singapore-based company, which started 21 years aga by two men evacuating expatriates from Jakarta to Singapore, has grown to become the leading global
      ARTHUR LEE  -  631 words
    • 332 12  -  By VINCENT WEE THE power of print advertising was clearly shown yesterday when the results of the Power of Print study were released. Among the highlights of the study is the finding that exposure to print ads boosted top-of-mind brand recognition by 102 per
      332 words
  • Page 12 Advertisements
    • 605 12 WAT 3 Toll free: 1800-289 8822 13 T7 f I TT T Email: recruit@sph.com.sg rVj rv I. J i ,1 www.st7ol.com BUY IT SELL IT FIND IT THE BRUNEI ECONOMIC DEVELOPMENT BOARD "POWERING SUSTAINABLE ECONOMIC GROWTH IN BRUNEI DARUSSALAM" The Brunei Economic Development Board (BEDB) has the following vacancies: Manager
      605 words

  • Page 13 Advertisements
    • 101 13 CITROEN The greatest Enjoyment derived from Man driving his intelligent Citroen C 4 tr-3-— \h £> u-s <& The all new Citroen C 4. Redefining driving pleasure. Experience its intelligence at our new showroom. Doublc-optK halogen headlamps A airbus Anti-lock Braking System (ABS) Emergency Braking Assistance (EBA) Electronic Brake-force Distribution
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  • DINING OUT
    • 1241 14 NEW RESTAURANTS Brown Sugar 277 River Valley Road, #01-04 Stardus Clubhouse (enter via Institution Hill) Tel: 633-***** WITH the increasing tendency of restaurants to name themselves after ingredients, it may not be too long before somebody comes up with an eatery called Cucumber,
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  • Page 14 Advertisements
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    • 22 14 Don t wait, be waited upon. Set Lunch I .< Mil sr W s sip> S& V $2s* +t y'' < oiii|>liiiiriii.ii V.iU I
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      772 15  -  DANIEL BUENAS gives a quick introduction to what stock prices mean, and how companies are assessed DANIEL BUENAS WHEN talking about investing, the average investor invariably thinks of the stock markets and investing in equities. This week, we turn once again to the book, The Citibank Guide to
      772 words
    • 750 15  -  CAMPUS LIFE Orbital, run by partners in their 20s, has already clinched 20 clients in just six months, JAMIE LEE reports JAMIE LEE ORBITAL thrives on "pure, idealistic ignorance". So say Daniel Yap, 27, and his partners at the media company that
      YEN MENG JIIN  -  750 words
  • Page 15 Advertisements
    • 250 15 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      250 words
    • 149 15 jfc. ~rS& t,< >&. J In memory of Its former Associate Editor and connoisseur of good writing, Ray Heath, who died in October 2004, The Business Times is sponsoring an annual essay competition for students. The topic for this year's essay is: "How can business journalists play a constructive role
      149 words

  • ECONOMY WATCH
    • 322 16 Reuters [NEW YORK] Friday's weak November reading of US factory activity, showing the first contraction in 3 V* years, should compel the Federal Reserve to begin cutting interest rates, a leading bond manager said. In an interview with Reuters, Paul
      Reuters  -  322 words
    • 591 16 Industrial activity, capital spending falling as consumer sectors slow Reuters [WASHINGTON] A slowing manufacturing sector, a weak housing market, and skittish consumers are pushing up the risk of a US recession, but are what is needed to cut inflation in the
      Reuters  -  591 words
    • 500 16 AFP [BEIJING] While few doubt the importance of the Sept 11 terrorist attacks, analysts say China's entry into the World Trade Organisation three months later may eventually be seen as having even greater reverberations. When China joined the WTO
      AFP; BLOOMBERG  -  500 words
  • Page 16 Advertisements
    • 446 16 I "The only business BP I I will be doing is to I M take better care of B DBlO Ifl I with you. I m Ex-Commissioner of Inland Revenue and B» ifl Chairman of Sembawang Shipyard, HSDPA (3.5G) capable fBl Hsu Tse-Kwang, HB I w§ on his retirement (1993)
      446 words

  • MIDDLE-EAST
    • 557 17 Some members point to inventories rising, others say oil price still firm Reuters [CAIRO] Opec ministers were divided on Saturday on the need for deeper oilsupply cuts, with some concerned about high fuel stockpiles and others reluctant because crude prices are holding firm
      Reuters  -  557 words
    • 192 17 Reuters [RIYADH] Saudi Arabia, fighting a violent campaign by Al-Qaeda supporters, has detained 139 suspected Islamist militants including a would-be suicide bomber, A 1 Arabiya television said on Saturday. The militants were not Saudi nationals and included leaders of several cells, it said, citing
      Reuters  -  192 words
    • 414 17 AFP Reuters (PARIS] A meeting of the five permanent members of the UN Security Council plus Germany is still planned for early this week to discuss a United Nations resolution on Iran's nuclear programme, the French foreign ministry said on Saturday. Earlier, Russian
      AFP; Reuters  -  414 words
  • Page 17 Advertisements
    • 278 17 WATS NOTICES THE CLOTHING COMPANY PRIVATE LIMITED (Incorporated in the Republic of Singapore) NOTICE OF RESOLUTION PURSUANT TO SECTION 290 (2) (b) OF THE COMPANIES ACT, CAP. 50 CREDITORS' VOLUNTARY WINDING UP NOTICE IS HEREBY GIVEN THAT Pursuant to the above section of the Companies Act, the following special resolution
      278 words
    • 111 17 shbBBHBRm hHBBH I HI ..BS W H|vf jfe CfP* With our expertise in FX risk, you can overcome every challenge. At Barclays, we explore every nook and cranny to ensure we can price every definable FX risk. Our team of specialists offers tailored and innovative FX products to suit all
      111 words

  • MALAYSIA
    • 229 18 [KUALA LUMPUR] Malaysia's dominant telephone provider, Telekom Malaysia Bhd, is considering a plan to acquire a 42.7 per cent stake in telecommunications firm Time dot Com Bhd, the Star newspaper reported on Saturday. The offer prices for some 1.1 billion shares
      229 words
    • 501 18  -  Its oil gas division makes substantial commercial find off West Natuna By S JAYASANKARAN in Kuala Lumpur THE oil and gas discovery off West Natuna in Indonesia by Malaysian gaming conglomerate Genting is "very, very interesting" says T S Ong, the chief executive
      501 words
    • 662 18  -  MALAYSIA INSIGHT KL should accelerate GLC privatisation plans to revive investors' interest PAULINE NG KL Correspondent HAS Christmas come early for the Malaysian stock market? Since June, the Malaysian market has been inching up slightly, making a pronounced spurt in November with gains exceeding 9 per cent.
      REUTERS  -  662 words
    • 223 18 Bernama [KUALA LUMPUR] The government is aiming to turn the country into a major shopping centre in line with Visit Malaysia Year 2007. Deputy Prime Minister Najib Tun Razak said the Visit Malaysia programme aimed to attract about 22 million tourists to the
      Bernama  -  223 words
  • Page 18 Advertisements
    • 221 18 Aztech I —"Mgk 1 IP Phone Aztachg *****231 /*****110 I V"£i tk I Lianhe Zaobao I Indonesia I I steps up oil and I I gas development I I Impetus to I I several I I local-listed I I companies I I EPJBiHliltfilifii® I I I I CM I Attract
      221 words

  • INDIA
    • 690 19 Agriculture has not caught up with high-tech and services sectors AFP [NEW DELHI] A few weeks ago, TN Ninan, publisher of top Indian financial daily Business Standard, asked in a column: "Are Indian companies on steroids?" after record-breaking quarterly profits. Now he might want to
      AFP  -  690 words
    • 271 19 [MUMBAI] If anyone claims that Mumbai's property prices have soared sky high, do not believe it. The truth is that they have now shot through the stratosphere. The Times of India has learnt through reliable market sources that an apartment in Maker Tower
      271 words
    • 164 19 Bloomberg [NEW DELHI] India will import one million barrels of oil equivalent from Russia, said R S Butola, managing director of ONGC Videsh Ltd, a unit of Oil Natural Gas Corp, India's biggest oil explorer. He didn't specify the period. India.
      Bloomberg  -  164 words
  • Page 19 Advertisements
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  • Page 20 Advertisements
    • 152 20 "(ii*iestoiertqpportm^mKofßmroufism4teeureCrtfes-/ltewpo/ic^ -k B ■fc-M-i.i—WTSSfBSOK To register your participation in the luncheon presentation, kindly complete the reply slip below and fax it to our office before 5 Dec 2006 LUNCHEON PRESENTATION K^^E ENTPRO^TKWAGENCYSINGA p ORE fax: *****850 Investment Opportunttos in Outline of Investment Interest in Korean Tourism and Leisure Cities (if
      152 words

  • GREATER CHINA
    • 556 21 IPO RUSH Proceeds will fund casino licence purchase, hotel construction Bloomberg (HONG KONG] The Macau gaming venture of Melco International Development Ltd, run by the son of billionaire Stanley Ho, and James Packer's Publishing Broadcasting Ltd, will raise as much as US$l.l
      Bloomberg; AFP  -  556 words
    • 345 21 Reuters [HONG KONG] Zhaojin Mining Industry Co, the secondlargest Chinese listed gold producer, is likely to price its Hong Kong IPO at the top of a price range, raising US$2Bl million as investors snap up metal plays, banking sources familiar with the
      Reuters  -  345 words
    • 3136 21 Transaction date: Dec 1 For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG vol q,ng^ tr D etjm r H K{ 'ooo Datang Intnl Power Gene ...6.56 -0 02 5634 Denway Motors 3.10 0.04 *****
      3,136 words
    • 293 21 [HONG KONG] Regal Hotels International aims to float its proposed HK$5.9 billion (Ssl.2 billion) hotel property trust in January after postponing a meeting seeking shareholder approval for the planned Reit, The Standard reports. The meeting has been postponed to Dec
      293 words
    • 630 21 AFP [HONG KONG] It was a regular shopping trip for Yeung Hoi-kei to the southern Chinese city of Shenzhen to take advantage of much cheaper mainland prices just across the Hong Kong border. But to her surprise, when she paid for
      AFP; AFP FILE PHOTO  -  630 words

  • ASIA-PACIFIC/WORLD
    • 635 22  -  When JICA merges with JIBC in 2008, the programme will have greater global character By ANTHONY ROWLEY in Tokyo JAPAN'S foreign aid programme the second-largest in the world and traditionally Asia-focused is set to take on a more global character when the
      635 words
    • 340 22 Reuters [NEW YORK] Many market players were looking forward to the arrival of electronic trading of Comex metals on the Globex platform yesterday, but floor dealers fear screen trading of gold, silver, copper and aluminium together with open outcry could end their
      Reuters  -  340 words
    • 463 22 Reuters [DARAGA, Philippines] Villagers in the central Philippines buried hundreds of relatives and friends in mass graves yesterday as hopes faded of finding survivors from Typhoon Durian. Officials fear the death toll from Durian, which swept into the South China Sea on Friday, could
      Reuters; AFP  -  463 words
    • 567 22 Reuters [NEW YORK] Bank of America's chief financial officer Alvaro de Molina will resign at year end after just 16 months in the job, calling the regulatory and oversight burdens "suffocating". Joe Price, 45, the bank's risk management executive for global corporate and investment
      Reuters  -  567 words
    • 291 22 Bloomberg [LOS ANGELES] Harrah's Entertainment Inc, was ordered by a California jury to pay US$3O million to a Native American tribe for interfering with a casino project between the tribe and Caesars Entertainment, which Harrah's acquired last year. A San Diego jury found
      Bloomberg  -  291 words
    • 315 22 Reuters Bloomberg [CHICAGO] Billionaire investor Kirk Kerkorian sold his stake in General Motors Corp (GM) after deciding that he did not want to participate in a lengthy fight with management for control of the world's biggest car maker, according to a
      Reuters; Bloomberg  -  315 words
    • 529 22 STRAITS TIMES INDEX STOCKS Stock name Wt Close Change Allgreen 0.35 1.800 *0.010 Ascendasreit 1-04 2.360 -0 030 mUnti 0.41 1.610 -0.010 Capita Land 5.00 6.150 -0-100 CapitaMall 0-91 2.750 -0.010 Chart SemiCond 0.92 1.360 -0.010 CityDev 3.00 12 400 <-0 300 Comfort DelGro 1.39 +0 010 Cosco Corp 0.91
      529 words

  • SHIPPING/AVIATION
    • 359 23  -  The $3m centre will train up to 400 ship's officers, engineers annually By GEORGE JOSEPH A LEADING Japanese ship management company has set up a training centre in Singapore that would initially train up to 400 ship's officers and engineers annually. NYK Shipmanagement
      359 words
    • 247 23 Xinuha IKUAIA LUMPUR] The Malaysian Transport Ministry on Saturday announced several immediate measures to beef up cargo security at airports in Penang state, especially at the free commercial zone there. As one of the measures. MASKargo, the cargo arm of Malaysia Airlines (MAS), has
      Xinuha; CHINA PRESS  -  247 words
    • 2200 23 CITY RIGHT ETA FLIGHT FIB D«0|»«*tali SQ141 1145 SQ142 0935 SQ455 1225 ]^0 AdeU.de LH9771 1740 LH9770 2350 SQ147 2235 SQ148 1900 SQ268 1740 bQlbV S0435 0410 BG87 0615 Amsterdam L***** 0645 KL838 2315 BG86 0515 SQ436 1850 KL837 1605 SQ324 2345 1340 QR639 0635 KL837
      2,200 words
    • 291 23 SGX '000 0*1 SS Vol CH Offshore 0.45 0 02 3108 ChuanHup .0.32 0.01 1614 Cosco Corporation 2.21 001 3780 CWT Distribution 0*1 001 110 Ezra Hldgs 3.84 0.02 801 FreightUnta .0.07 -0.01 468 Grand Banks Yacht 0.88 0.01 61 Java Holdings 1.43 0.01 1006 K1 Venture!. .0.42
      291 words
    • 364 23 Reuters (ATHHNSI A three-week ban on overtime at Greece's main commercial ports has created a big backlog of containers, prompting big customers to move business elsewhere lyKmployees at state-con-trolled Piraeus Port Authority (01-P) and Thessaloniki Port Authority have been refusing to work overtime
      Reuters  -  364 words
    • 358 23 AFP [BANGKOK] Thai Airways International has demanded that European plane maker Airbus pay fines and additional compensation for a two-year delay in delivery of A3BO supeijumbo jets, the airline said on Saturday. "Negotiations with Airbus started last month and remain underway, with
      AFP  -  358 words
    • 318 23 Reuters [BERLIN] The German government rejected a magazine report on Saturday that France was blocking a German consortium from taking over a stake in aerospace group EADS from core shareholder DaimlerChrysler Citing high-ranking Berlin government officials, Spiegel magazine said Paris had refused
      Reuters  -  318 words
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  • Page 23 Miscellaneous
    • 291 23 CRYPTIC CROSSWORD 5 Kind of talk more cordial than ACROSS a tete-a-tete? (5-2-5) 1 It's regular trade practice (6) 6 An exchange of blows, but 4 Composer daily consumes there's nothing in it (4) cheese (8) 7 One way to get inspiration (6) 9 Scurvy taking hold of sailor? 8
      291 words

  • 7923 24 SGX MAINBOARD *2-wk T4 Last ¥d Week lastQurti 0♦» Gr*W Wet l«Cao Um Code Sa*» W- fOOO) W» t— »*«> i+* Otr M S«i_ J ,M J IS xrzr —:?i? 5 38! iSJ II 1« 49 jo5 21 M5 22 5834 A-Sonle 265 -1 99 2$ 26 26
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  • Page 24 Advertisements
    • 81 24 Welcome to Our online CFD trading service gives you fast and reliable access to the world of financial market trading. Make Our City and trade with the professionals CFDs carry a higher degree of risk compared to traditional equity trading. It is possible to quickly lose more than your initial
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  • 6704 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tatocKorr la SS U Uli dy yr dy yr dy %yr DkI lnd»j! Ch*ng« CKtrg* O-tr-jt pun Tht Wtxld Indei PwhimMry ***** -04 103 -03 69 -0,2 155 > EAFE Preliminary '0559 -OS 85 -02 >08 -0.1 19-7 Europe Prefamnaty 1426J -0.8 1M
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  • Page 26 Advertisements
    • 1697 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DD LEADER RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOL/SAV DD SUCCESS RDM/ATW/BMN/TLB/NAN Loads Singapore, E./W. Malaysia, Indonesia Loadj E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination J SAFE DBI/ABU/DOH/BRN/DMM/KWT Destination PAN BRIGHT JDH/AQA/DMT STX PO TBN INC/BSN ASEAN GLORY DBI/ABU/DOH/BRN/DMM/KWT Loods Singapore, E./W. Malaysia, Indonesia Loads E.
      1,697 words
    • 739 26 IINTfRASU RORO HRVKi vßsa/Yor lAwmcn hbghtw m km 10 w *t STRAITS EXPRESS 1 30 4 15/1? 14/11 OROIID EXPRESS!? SO 4.5 73/17 74/17 OtCHID EXPtESS 13 50 4.5 71/17 30/17 AUSTRALIAN RORO SERVICE vtssa/voT jSrom hbgwtw 1 m Is* I m stp m ak he jkt sw i la
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  • Page 27 Advertisements
    • 1585 27 WAN HAI INTERNATIONAL PTE LTD CS NO: **********0/* ..up# TH:*****588 (I4UNB) FA3L6224U63 \M WAM A I I IMFC C"slo««r Wvke/Booktags Dtocl Um (1800) *****200 V 11 I VVHH rIHI LIRE J naiH: (03) 3344MMFA1 (03) JJ4232M fW 1H: (04) *****00 FAJL (00TJ96.9* V—- J0M1H:(07) 251W23 NUb (07)251W21 TH: (031) J*****J
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    • 1440 27 \jr\ EASTERN CAR LINER, LTD If SPECIALIZE IN ROUP t HEAVY LIFT UPTO 450 TONS IKTRA-ASlAStuviq" VOY Raap LHttofl SW Tff PKKN) PKKW) PNN JKT SU» IP WIM ITII KUCHN6 YIISHO STELLA 5 50 07/12 11/12 12/12 Z NOtoMi ~n gr ~mr nraffi- 11/12 14/12 ZMZ—— 60LDMENAM 75 40 122
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    • 683 27 m a<azts&* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vtssa I vot I sw I pjoang cotomo i sum coiowo tourtnwu mnws wmo* wno* Q7pk osdk wok mvGAMOH oiow otQK 07dk iodk i3DK izdk [AIIAHADUt Qliowr I I2PK I 13DK 16OK IfDK 73PK ALSO
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6589 28 This £TA ETA Advtftis#f W»M«I Voy»g« T«taphon« ETA ETA Advfttef T pW^T 5 If) Dtffii Man* Mm HywifaT Numtxr SIN Dxfn Mm 20/12 24/12 PACCCont PAC PALAWAN 761N *****655 TO ABIDJAN (ABJ) 2003 Cote D'lvoire 20/12 2VI2 PACCCont PAC PALAWAN 761N *****655 16/12 19/01
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    • 594 28 VESSEL VOY PKL 1 SIN KARACHI PXR RAR PMM UK KHOR IRAN KOR DC STAN Kl R173 09/12 10/12 19/12 22/12 23/12 29/12 31/12 02/01 IRAN TARATARAEI Kl *174 12/12 13/12 22/12 25/12 26/12 01/Ol 03/01 03/01 RAN RAAtAfI PCL 1176 19/12 20/12 29/12 01/Ol 02/01 OR/Ol 10/01 12/01 [VtSStl
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    • 264 28 FrrrmFTiTiTO mwu Ipfil —ir/ii ITvti HI fkßtu fiTi -Wrt fin —jfc. im =HF=~li m -|==EE==pE wwwi hm» n/n w/n 1 nliMßi All i»/H 11/11 VfSSII VOT SM r«» WMW OfITTMOK I Vwml |v*r*r| 1 «>j If 1 I •>« |tW|«o|xj «n|*W V*T [jit I—< I—l—< "I i wl' jwr hjF-fh—jjh-For
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    • 294 28 CONVENTIONAL SERVICE ITA SIN lOAPINO FPU 08 Dec BOM6AY 10 D€C MAlf. CCXOMBO 10 Dec CHENNAI 16 DEC DUBAI DAMMAM. KUWAIT 24 DeC SHARJAH, DAMMAM, DOHA, KUWAIT Hril glory mavkatwm groupl I( SMa I*7l OWNS A ore RATI S THC YOUNOfST FLEET TWELVE 7,000 DWT TWEEN DECKERS IcovnuNO I THE
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  • BizIT
    • 935 30  -  A study finds that Singapore's contact centre applications market will grow to US$14 million by 2012, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY BANKS, other financial institutions and telcos will drive growth in the Singapore contact centre industry and this, in turn, will fuel growth
      935 words
    • 299 30  -  Visitors allowed to try the latest in digital technologies By ROLAND LIM ON TOP of spending over $18 million on the IT bargains at this year's Sitex 2006, more than a sixth of the 730,000 plus visitors to the fair also managed
      299 words
    • 827 31  -  <you say> With profound change in the global technology landscape, networks are having a dramatic impact on productivity By JOHN CHAMBERS THE network is becoming the platform for all forms of communications and information technology. Over the last twenty years, as the Internet and Internet Protocol
      FILE PHOTO  -  827 words
    • 348 31  -  By ROLAND LIM PUSH-EMAIL leader Research In Motion (RIM) unveiled its Blackßerry Pearl smartphone last week at a launch event held together with Sing Tel. The much anticipated smartphone scores many firsts for RIM. It is the first Blackßerry device to have an integrated camera, and
      348 words
    • 772 32  -  Its co-creator says Singapore could have first mover advantage By KENNETH JAMES SECOND Life (http://secondlife.com) is a phenomenon. Just three years old, this wondrous 3D virtual world is fast becoming the place to be on the Net. Its population is exploding, and
      772 words
    • <what's up>
      • 122 32 WOULD you like your notebook to come in blush pink, spring green, urban grey, espresso black or seashell white? Sony's latest range of Vaio C notebooks certainly leaves you spoilt for choice when it comes to colours. Beneath its coloured exterior is an Intel
        122 words
      • 81 32 MICROSOFT and Siemens Business Services (SBS) Singapore have teamed up to offer enterprise mobility solutions in the region. SBS is Microsoft's first mobility partner in Asia, and as part of the partnership, SBS will be offering its "Siemens Managed Mobile Device" solution, which encompasses systems
        81 words
      • 133 32 Ml WILL be offering its Vodafone Mobile Connect USB Modem to subscribers of its High Speed Downlink Packet Access (HSDPA) service that will be launched on Dec 6. The modem, which is made by Huawei Technologies, allows computers to access the Internet at speeds
        133 words
      • 104 32 NOKIA Singapore has released its Intellisync Mobile Suite software which allows enterprises to deliver and manage push-email to over a hundred types of mobile devices. The Intellisync solution will work on most mobile device platforms including Symbian OS, Microsoft Pocket PC and Palm OS. One of
        104 words
      • 113 32 lanun nas released two mgn-aetinition camcorders the Canon XH A 1 and XH Gl. Both camcorders record in the 1080 i high definition format, and pack features such as a 3-CCD Vs -inch 1.67 megapixel image sensor, Canon's DIGIC DVII imaging processor and a newly developed
        113 words
      • 65 32  -  Compiled by ROLAND LIM SECURITY software vendor Trend Micro has announced the appointment of Comstor Pte Ltd, a subsidiary of New York-based networking solutions distributor Westcon Group, as one of its distributors for network appliance solutions. The partnership will see both Trend Micro and Comstor
        65 words
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    • 143 30 IMf I I c* He has been lauded by government leaders and industry observers worldwide tor his visionary strategy, his ability to drive an entrepreneurial culture, and his warm-hearted, straight-talking approach. You are cordially invited to attend this exclusive event. Listen to Chambers as he discusses how the network has
      143 words
    • 11 30 THAT'S LIFE S'poreans wanted for Internet phenomenon Second Life. PG 32
      11 words

  • Page 31 Advertisements
    • 502 31 Hp In an age where industry leaders are competing to make dramatic widescreen perspective, exceptional display Forget about squinting at images and clicking your way things more miniscule, experiences more portable, some quality and ultra slim bezel designs. 'Seeing the bigger through several hidden 'windows 1 Just concentrate on have
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  • Page 32 Advertisements
    • 134 32 When it comes to global software licensing, now there's only SoftwareONE, Singapore's new Microsoft Large Account Reseller. SoftwareONE and Softwarepipeline have now joined forces to give you an even better way to manage vour software licensing. Unified as SoftwareONE, and with a true global presence, we are forging even stronger
      134 words