The Business Times, 20 December 2006

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Vj online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 SINGAPORE 85 cents Wednesday, December 20,2006
    23 words
  • 855 1  -  Tough rule on foreign currency deposits scrapped but remains in place for other investments By LARRY WEE [SINGAPORE] A day of turmoil on the region's stock markets ended last night in a partial climbdown by the finance minister of Thailand's military-backed government. Yesterday
    Source: Reuters  -  855 words
  • 409 1  -  But S'pore brokers do not expect full repeat of 1997 By R SIVANITHY [SINGAPORE] In July 1997 it was Thailand's shock devaluation of the baht that started a wave of selling that eventually became known as the Asian contagion crisis; yesterday,
    409 words
  • Page 1 Advertisements
    • 22 1 PROPERTY BFTgfcil-l hits new benchmark S'PORE ECONOMY Domestic demand seen taking up slack next year PAGE 2 S' -J, THAI CONTAGION EFFECT
      22 words
    • 5 1 m Markets Digest on Pag«4
      5 words
    • 51 1 Porsche sales in S'porejump37% PAGE 26 EXEC MONEY Emerging markets still promising PAGE 28 ROLEX wm<& f», >. V V V i < V orsrtR Pf.RPETUAl 1l COSMOGRAPH DAYTONA ->N r ROLEX COM S Cortina watch 2F»2 Noi Ih Hmlgc Ko.kI. #01 .U>. Rallies (ily Shopping IVillie, Singapore 17') 103.
      51 words

  • TOP STORIES
    • 989 2  -  Economists expect S'pore economy to grow at more sustainable 5-6% By ANNA TEO [SINGAPORE] Domestic demand will pick up the slack in the Singapore economy next year when exports may well weaken, and help lift GDP growth to a slower but more
      989 words
    • 719 2 The Parisian sets new land price benchmark BIDDING for the collective sale of The Parisian in Angullia Park has attracted a top offer that works out to a unit land price of about $1,730 psf of potential gross floor area including development charges. This exceeds the record price
      719 words
    • 481 2  -  They are concerned about impact on business costs By VINCENT WEE [SINGAPORE] Employers have given a generally grudging nod to the calls for a rise in their CPF contributions. Most agreed that the tighter labour market made the move necessary but
      481 words
    • 647 4  -  Top offer by OUE hits $1,730 psf ppr, say sources By KALPANA RASHIWALA [SINGAPORE! A new benchmark has been set for land price in Singapore. Bidding for the collective sale of The Parisian at Angullia Park has attracted a top offer that works out
      647 words
    • 668 4  -  THAI CONTAGION EFFECT But nervous investors sell down stocks anyway By PAULINE NG in Kuala Lumpur MALAYSIA yesterday ruled out re-imposing capital controls following a decision by Thailand to lock in new deposits in the country for at least a year to
      REUTERS  -  668 words
    • 128 4 Dsn 2,***** (-66.14) ST MDEX FUTURES 24*96.00 (-62.00) SIMSO 353.01 (-8.58) SIMSO FUTURES 353J0 (-8.10) MARKETS Tuasday Changs KLCDMP 1.060-36 -21.24 NIKKEI 225 16.776J8 -185.23 HANGSEN6 18.964.55 -228.36 SETMPEX 622.14 -108.41 IAKAKTA COMP 1.736.67 -5035 MANILA COMP 2449.71 -28.12 SEOUL COMP 1,427.76 -5.47 SHENZHEH B 413JS -0.01 MUMBAIIND
      128 words
  • Page 2 Advertisements


  • Page 4 Advertisements
    • 969 4 [*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT -FIND iT IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF UNIFIED INVESTMENT PT* LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration Number. I*****0IKK) At an Extraordinary General Meeting of UNIFIED INVESTMENT PTE LTD duty
      969 words
    • 157 4 IN THE MATTER OP THE COMPANIES ACT CAP. 51 AND IN THE MATTER OF CAT CONSTRUCTION fIPTEt IJMI'IHIt Incorporated ta the Republic ef Singapore) i (INVOLUNTARY LIQUIDATION) NOTICE OF WNAI-fatNCTAI.MUJnMC NOTICE IS HEREBY GIVEN that pursuant to Section 308 ol the Companies Act, Cap. 50, the Pinal Meeting of the
      157 words
    • 21 4 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sphxom.sg.
      21 words

  • Page 5 Advertisements
    • 396 5 —————————I 8 IBk fi ■Hi W[\ S1 N iv NUS BUSINESS SCHOOL hbhmh V > (h ■m mm I V V I HHHH| MBHU ,l SBHKBSI nraßH sHHMnRBsi JM^^K aJIMI I sBHbP m 9BHIBI Br »HRi nnH| gHH|. h J| j|^> 1 |^^H9Sra| IB I HH Jr IF 11 Hp
      396 words

  • COMPANY NEWS
    • 447 6  -  Offering to institutional investors 12.41 times subscribed By PAULINE NG in Kuala Lumpur QUILL Capital Trust's (QCT) IPO has received a strong response from institutional investors, with the 83.38 million units offered under the real estate investment trust's (Reit) bookbuilding exercise 12.41 times subscribed.
      447 words
    • 681 6  -  HOCK LOCK SIEW By OH BOON PING OIL prices have started easing lately, and it would seem the frenetic play in oil and gas stocks will soon peter out. But that may be a premature conclusion. While oil prices have receded from their recent peaks,
      681 words
    • 4520 6 UNIT TRUSTS FUNDS «Emg b usd 29.37/ KMILlifiUflHIHIl ABAmer Income AT SGD 13.53/ A8Amer Income 8T SGD 13.57/ m M.rtMgt(S>> ra > AS An* Income AT USD UV aarEuopeiftyl t£V AB Ainer Income BT USD 177/ SBrEtropeBond 1.197/ ABAmer Income A USD 173/ tec Europe8al........ 1.238 AB Amer Income B
      4,520 words
    • 379 7  -  $18m acquisition of Ubi Road building is its first since it listed in July By UMA SHANKARI CAMBRIDGE Industrial Trust (CIT) has agreed to buy an industrial building on Übi Road for $18 million its maiden acquisition since listing in July. The acquisition, which is
      379 words
    • 286 7 SINGAPORE Airlines senior executive vice-presi-dent Bey Soo Khiang has sold 228,000 shares in the company at $16.60 per share, realising a gain of just over $1.19 million in the process. SLA said in an announcement that the 228,000 shares that Mr Bey
      FILE PHOTO  -  286 words
    • 187 7 THE subsidiaries of two listed companies United Engineers and Goodpack Ltd are embroiled in a legal spat over a contractual dispute. In a filing to the Singapore Exchange yesterday, United Engineers said that its 60 per cent-held Indonesian subsidiary, PT United Engineers
      187 words
  • Page 6 Advertisements
    • 31 6 You can now use your CPF savings to invest in AllianzGl Global Allianz (fij) High Payout Fund Visit our appointed distributors for more details. Global investors II company regit no *****/169Z
      31 words

  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 853 8  -  CURRENCIES And Thailand makes sure there's no painful re-run of 1997 LARRY WEE Senior Correspondent YOU really have to figure that US dollar bears are either running scared or may have at least chosen to bring their fight forward to another day
      853 words
    • 995 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Dec 19 and earlier) Subsairtial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per More After Stock Dote Director Sell 'BOO Shr fOOO) fOOO) El-Nets 19-Dec-06 Ngo Gim Kang Buy 4000 0.02 ***** 3.69 ***** 4.17 LinairTech 18-Dec-06 Linair Hldgs PL
      995 words
    • Article, Illustration
      724 8  -  Compiled by MATTHEW PHAN Offshore and Marine Sector Keppel Corp -Dec 19 dose: 5517.70 SembMarine Dec 19 dose: 553.38 CITIGROUP RESEARCH. Dec 18 E&P Spending Survey growth moderates but industry still robust Global E&P spending is set to increase for the eighth consecutive year, the longest run in
      Source: Bloomberg  -  724 words
    • 538 8  -  STOCKS R SIVANITHY Senior Correspondent SHADES of 1997's Asian contagion crisis? It was a little over 10 years ago that an unexpected devaluation of the Thai baht caused unprecedented selling of all regional currencies and markets and al- though no one seriously expects the
      538 words

  • COMPANY NEWS
    • 405 9  -  Chance to avert delisting if it does so by March 1, 2007 By MICHELLE QUAH INTERNATIONAL Capital Investment (ICI), formerly known as Jurong Engineering, says it has been granted more time to find itself a core business before being forced
      FILE PHOTO  -  405 words
    • COMPANY BRIEFS
      • 75 9 DBS Bank announced yesterday that Rating Agency Malaysia Berhad (RAM) has assigned a long-term general bank rating of AAA to DBS Bank with a stable rating outlook. The bank also received a short-term general bank rating of PI. DBS already has AA- and Aa2
        75 words
      • 128 9 DMX Technologies Group yesterday revised downwards its profit projections for FYO6. It had previously said in its Q2 results announcement that the company was "cautiously optimistic to achieve at least 30 per cent profit growth in FYO6, compared to FYOS". The company said it
        128 words
      • 74 9 SITRA Holdings (International) Ltd has secured a single order worth US$2.5 million from an Australian-based customer, the company said yesterday. The purchase order for wood-based products would be delivered in the first quarter of FY2007. As at yesterday, the company's order book,based on unaudited proforma
        74 words
    • 424 9  -  AT&T, Telekom Malaysia also said to be involved By SIOW LI SEN A PLAN to build a new high-speed undersea cable system linking the United States and South-east Asia is gathering momentum, it was reported yesterday. AT&T Inc. the number one US carrier,
      BLOOMBERG  -  424 words
    • 393 9 It seeks share of Aussie govt's A$600m funding Bloomberg SINGAPORE Telecommunications Ltd's Australian unit, which accounts for two-thirds of its sales, has formed a joint venture to offer rural broadband services as it seeks a share of As6oo million (***** million) in- government funding. Sing
      Bloomberg  -  393 words
    • 468 9 Bloomberg [KARACHI] Temasek Holdings Pte, the Singapore investment company that plans to buy a Pakistani financial group, secured the Pakistan central bank's approval to examine the books of its target. The State Bank of Pakistan approved the application of Temasek unit NIB
      Bloomberg  -  468 words
  • Page 9 Advertisements
    • 25 9 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices^sph.com.sg. i: i| .v:' J.
      25 words
    • 145 9 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 in society". The best essay
      145 words
    • 97 9 MtiSH m This Christmas, we are offering you an opportunity to bless your friend 2 BRAND NEW Mot Room Jempeiature tabletop water dispensers 1 with 2 free 10L bottles* per dispenser Convenience of delivery to both homes oorder call 6253 5888 dulkm office hours between Mon Sat. <jy A Choice
      97 words
    • 19 9 n^n Lianhe Zaobao I i top- I I selling I I developer I I 2006 I HS2OO6# I I
      19 words

  • SINGAPORE NEWS
    • 190 10 CPF members over 55 will have to maintain a higher amount in their Medisave Accounts from Jan 1, the CPF Board announced yesterday. The amount will be raised from the current $8,300 to $11,500, after adjusting for inflation. This will
      190 words
    • 246 10  -  MEPS+ settling an average of 11,800 transactions daily By CONRAD TAN THE Monetary Authority of Singapore (MAS) has introduced a new electronic payment system to handle the large volume of daily interbank fund transfers and Singapore government securities transactions. In the first week of operations
      246 words
    • 411 10  -  By CONRAD RAJ BARELY two months after it opened its doors to the public, Singapore's largest shopping mall, Vivo City, is undergoing a $5 million revamp of its signages and toilets. This follows complaints from visitors and patrons that the signages were poorly designed
      411 words
    • 697 10  -  Fees to be raised 10% for PRs, 50% for non-citizens from 2008 Reports by DANIEL BUENAS NEW foreign students at Singapore's polytechnics and universities can expect to pay 50 per cent more in school fees than citizens starting from academic year
      697 words
    • 283 10 THE first Singapore Education Services Centre (SESC) opened yesterday in Indonesia as part of the government's initiative to attract more foreign students to study in Singapore. The SESC in Jakarta is a one-stop information centre for international students keen on finding out more
      283 words
    • 449 10  -  By KELVIN HAN BARELY two weeks after welcoming the nine millionth visitor of the year to Singapore, the Singapore Tourism Board (STB) yesterday welcomed Singapore's millionth visitor from China. Amidst the fanfare at Changi Airport to mark the tourism milestone. Singapore became the first city
      CAROLINE CHIA/ST  -  449 words
  • Page 10 Advertisements
    • 21 10 CBOO Havo everything you nood for work. Sliding QWERTY keyboard GSM Quad-band with GPRS and EDGE Enjoy Mobility Ultra-slim design www.getDopod.com
      21 words
    • 27 10 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. %T MATS NOTICES
      27 words

  • ECONOMY WATCH
    • 362 11 Reuters [NEW YORK] The value of global mergers and acquisitions, already at record levels for 2006, raced toward the end of the year with at least US$B2 billion in proposed deals announced on Sunday and Monday. The latest proposed transactions will take the
      Reuters  -  362 words
    • 704 11 Loan defaults and high fiscal deficit pose risks: experts AFP [WASHINGTON] Asian powerhouses China and India have to grapple with some critical problems in their financial systems, amid a projected slowdown in global economic growth, experts warn. The two large
      AFP  -  704 words
    • 414 11 Reuters Bloomberg [BEIJING] China is expected to adopt further measures to curb excess liquidity and bring its economy to a more sustainable footing next year, government economists said in remarks published yesterday. The authorities would lean on a variety of tools,
      Reuters; Bloomberg  -  414 words
    • 636 11  -  Yen falls after the central bank signals it may not raise rates even in Jan By ANTHONY ROWLEY in Tokyo THE Bank of Japan went on to the defensive yesterday, holding interest rates steady and signalling that it may be unable to
      REUTERS  -  636 words
  • Page 11 Advertisements
    • 392 11 >A~Pci CP NOTICES Toll tree: 1800-289-8822 Email: notices(«'sph .com.sg IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF DAPHNE LAUREL GROUP HOLDINGS FTI. LTD. |U LI 1 Vnl,intnn i ULAiftnnJ Inl jm nHOfTioefi voiunrary w inamy-cip; Company Registration No. *****/140 M RESOLUTIONS PASSED ON 15TH
      392 words
    • 371 11 IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND M THE MATTER OF AFP INDUSTRY FTE LTD (Co. Rao. No. 19M032MH) (IN CREDITORS' VOLUNTARY LIQUIDATION] ("THe Company') Exlrod of 8m minutes at 8m Extroondtoary General Mooting of members of the Company convened and hold at 111 A Tefok Ayer
      371 words
    • 499 11 In lh« Mower of Aw Componisi Act, Cap. 50 and in the Matter of COASTAL MANAGEMENT SERVICES (SINGAPORE) FTI LTD (In Meml>ert' VokmJory Liouidkihvn) (Csmpewy Kj^TtoTlVtltoirtC) notice of resolutions At an Extraordinary General Meeting of the w 50 Robinson toad, Singapore *****2, the Igioiudont Ml out btlow Wirt duty paucd
      499 words
    • 369 11 M THE MATTBt OF THE COMPAMES ACT, CAP. SO AND M THE MATTER OF TATAU COMPANY PRIVATE UNITED QN MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary Ganeral Meeting of tha Members of the abovomentioned Company deemed to be held et 1 Sophia Road 104-07 Peace Centre Singapore *****9 on 19 day
      369 words
    • 364 11 M THE MATTER OF THE COMPANO ACT, CAP. SO AND M THE MATTER OF HOCK BN DEVELOPMENT PTE LTD (IN MEMBERS' VOLUNTARY WWDING-UP) At an Extraordinary Ganacal Moating of tha Mambart of tha abovamantionad Company daamad to ba hakl at 1 Sophia Road *04-07 Pmm CmM Singapore *****9 on It
      364 words

  • MALAYSIA
    • 402 12  -  Textile maker had debt burden of RM3.7b; loss in 2005 was RM243m By S JAYASANKARAN in Kuaia Lumpur MALAYSIA'S largest integrated textile manufacturing company, the Taiwan-ese-owned Hualon Corporation, has been placed under receivership by its Malaysian creditor banks, a move aimed at ending
      402 words
    • 339 12 [KUALA LUMPUR] The AlHadharah Boustead Reit, the first Islamic plantation real estate investment trust set up by the Boustead Group, has signed with Affin Bank Bhd, Affin Securities Sdn Bhd and Malaysian International Merchant Bankers Bhd to underwrite its initial public offering (IPO),
      339 words
    • 597 12 Reuters [KUALA LUMPURI Newlylisted Malaysian energy services firm Kencana Petroleum Bhd wants to widen its core business of rigbuilding and expand in the Middle East as it rides an oil price boom, its chairman said on Monday. Kencana, Malaysia's fourth-largest maker of metal
      Reuters  -  597 words
    • 293 12 Bloomberg [KUALA LUMPUR] Utama Banking Group Bhd secured Malaysian central bank approval for talks with Kuwait Finance House (Malaysia) Bhd about buying Utama's RM336 million (Ssl46 million) stake in the parent of the nation's fourth largest bank. Talks may now be initiated with
      Bloomberg  -  293 words
    • 234 12 AFP [KUALA LUMPUR] Malaysia's capital Kuala Lumpur is mulling peak hour traffic fees and lanes reserved for shared cars to ease the jams which choke the city's roads, a report said yesterday. Kuala Lumpur's newlyappointed mayor, Abdul Hakim Borhan, said greater use of public transport
      AFP  -  234 words
    • 2130 12 VOL Gamuda 4.74 XjOO 964 Met* m *4- emm Gmdcw 0X4 oxi wo Ganting 3150 -050 1122 ASM Realty 133 unch 4 George Ham 057 -OjOI 100 Afaric 039 -0X1 130 GHL Systems X32 0X1 4595 ACPbvfcotrtcs 1.15 <M»1 «93 Gtobatronics Tech X39 0.01 1796 Advance Synergy 032
      2,130 words
  • Page 12 Advertisements

  • MIDDLE EAST
    • 546 13 It expects US, China and Middle East to lead gain to 86m bpd next year Bloomberg [LONDON] Oil producers group Opec expects global demand to rise 1.6 per cent in 2007, up from this year's "modest" gain of 1.2 per cent.
      Bloomberg; AFP  -  546 words
    • 310 13 Bloomberg [RIYADH] Saudi Arabia's government will raise spending by 19 per cent next year from the amount budgeted for in 2006, the official Saudi Press Agency reported. Spending by the Middle East's largest oil producer will climb to 380 billion Saudi
      Bloomberg  -  310 words
  • Page 13 Advertisements
    • 514 13 Diners Club Card T<>w W 0980 A Wort Jof Exclusive Privileges Treats Diners Club www.Jmers.cmn.sg International lunch (-'/uiUm\(<o* ('/(siiOi/Hf(fv' Mm !:v«a \or\,,rj/y ,\tit'/( <//:< /Xo' ggJEß^^v christmas >vw FESTIVE RUFFFT FROM 18 DFC 2006 T1 U IST JAN 200" SALMO N w v.on ru L u.m-i-m .f high tea 'tf
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    • 105 13 at 3/fie Obpencfo @%wt /iy &ar/r MkM CMd 24 Dec Christmas Eva Buffet Dinner* \SSJOO $27 JO 25 Dec Christmas Day Famiy Brunch* $38.00 $I9joo Christmas Day Buffet Dinner $28.80 $14.40 31 Dec NY's Eve Mega Buffet Dinner* $68.00 $34.00 New Year's Eve Countdown at BMard Bar from 9pm onward
      105 words

  • GREATER CHINA/INDIA
    • 511 14 Sun Hung Kai Properties confirms buying 0.74 hectare residential site Bloomberg Reuters [HONG KONG] Hong Kong's government sold a 0.74 hectare residential property on the Peak overlooking the city for a price that was above analysts' estimates and a per-square-foot record for
      Bloomberg; Reuters; AP  -  511 words
    • 205 14 Reuters [BEIJING] China plans to keep an "absolute ability to control" seven key sectors including oil and telecoms, state television said on Monday, even as it tries to expose its creaking state-owned firms to the rigours of a market economy. The state-owned Assets
      Reuters  -  205 words
    • 264 14 Reuters [SHANGHAI] China Life Insurance Co yesterday launched a Shanghai initial public offer that is expected to raise around 30 billion yuan (Ss6 billion), making it China's second biggest domestic IPO. The country's largest life insurer said it was starting consultations with inves-
      Reuters  -  264 words
    • 426 14 AP [BEIJING] Profits are up at China's main state-owned banks, oil companies and other industries as Beijing tries to build global competitors, but management lags far behind foreign rivals, a senior official said yesterday. Profits at the top tier of 161 state
      AP  -  426 words
    • 452 14 He signs law towards nuclear buys by New Delhi Reuters Bloomberg [WASHINGTON] President George W Bush hailed a new era of strategic cooperation with India on Monday as he signed a law that is a major step towards allowing New Delhi to
      Reuters; Bloomberg  -  452 words
    • 309 14 AP [KUALA LUMPUR] A unit of oil giant Royal Dutch Shell PLC won a three-year contract yesterday to provide technology services to help four major state-owned Indian refineries boost their efficiency and competitiveness. Shell's technology consultancy arm, the Kuala
      AP  -  309 words
  • Page 14 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 488 15 Move will group the Paris, Amsterdam, Brussels, Lisbon and New York stock exchanges AFP [PARIS] Shareholders in European stock market operator Euronext yesterday approved an alliance with the New York Stock Exchange that would create the world's first intercontinental stock exchange. The tie-up was
      AFP; AP  -  488 words
    • 426 15 LATEST US DATA AP [WASHINGTON] Inflation at the wholesale level surged by the largest amount in more than three decades in November, reflecting higher prices for petrol and a host of other items. The Producer Price Index, which measures inflation
      AP  -  426 words
    • 257 15 Bloomberg [TOKYO] Fujitsu will develop a faster, more reliable trading system for the Tokyo Stock Exchange, the world's second-largest bourse. The cost of development is estimated at less than 30 billion yen (*****.4 million) and will be finalised in June next year,
      Bloomberg  -  257 words
    • 497 15 Pledges to raise full-year dividend by at least 50% Reuters [LONDON] London Stock Exchange Group pic (LSE) forecast a big rise in thirdquarter earnings and pledged to raise its full-year dividend at least 50 per cent as it reiterated its opposition to a £2.7
      Reuters  -  497 words
    • 303 15 Reuters [SAN FRANCISCO] The investment committee of Calpers voted on Monday to allow the biggest US pension fund to invest in stocks of companies in China, Russia and other emerging markets on a case-by-case basis. The other markets where Calpers, the US$225 billion California
      Reuters  -  303 words
    • 502 15 Brokerage accused of falsifying earnings Bloomberg [TOKYO] Nikko Cordial Corp's shares fell 14 per cent yesterday, wiping out 200 billion yen (552.6 billion) of market value after Japan's securities watchdog charged the nation's third-biggest brokerage with falsifying earnings on Monday. Shares
      Bloomberg  -  502 words
  • Page 15 Advertisements
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      45 words

  • AVIATION
    • 566 16 Its board also formally rejects US Airways' US$8.4b offer for the carrier AP [ATLANTA] Delta Air Lines Inc filed a reorganisation plan yesterday that calls for it to emerge from Chapter 11 bankruptcy protection next spring as a standalone company. It also said that its
      AP  -  566 words
    • 433 16 Bloomberg [LONDON] BAA pic, the UK airport operator acquired by Grupo Ferrovial SA in August, said first-half net income fell after a terror alert caused increased security costs and disruption for passengers and airlines. Net income in the six months ended Sept 30
      Bloomberg  -  433 words
    • 297 16 It wins approval of carrier's receiver for a debt swap Bloomberg [MANILA] Baguio Gold Holdings Corp, owned by the Philippines' secondrichest man Lucio Tan, won the approval of Philippine Airlines Inc's (PAL) receiver for a debt swap, taking it closer to buying
      Bloomberg  -  297 words
    • 214 16 Bloomberg [WELLINGTON] Air New Zealand Ltd. die nation's largest airline, doubled its order for Boeing Co 787-9 jetliners to eight as it upgrades its fleet and considers new routes. The four aircraft will be bought at a "significant discount" to the NZ$l
      Bloomberg  -  214 words
    • 2112 16 on hit r* mwi «ib <bm 0755 sq40b 1620 9W18 1620 9W17 2310 iEia —S0456 1300 __jQOS54_JMO_QO£s irio IH9771 1740 LH97% 23SC S0J41 1145 SQ142 0935 1146- SQ2W «y. W143 1535 SQ146 1640 J88 £1 nM 2315 aa— —g?g -gg 'fg S8 SS 1SS 8S 8?
      2,112 words
    • 130 16 AP [TOKYO] Japan will introduce strict rules for hand luggage on airplanes in March that will limit the amount of liquids in line with international guidelines, the transport ministry said yesterday. Under the new measures. passengers can only carry liquids in
      AP  -  130 words
  • Page 16 Miscellaneous
    • 193 16 CRYPTIC CROSSWORD nnuuw 1 5 Display an eyeglass (9) Across: 1 Merchandise, 9 Auction, u%Jwin 16 If Ted eats stew, he's full of 10 Rustle, 12 Torment, 13 Whit--2 Upset a seaman and soldiers, woe (9) man, 14 Rabat, 15 Insurance, 17 and mistakes occur (6) 17 A small predator
      193 words

  • SHIPPING/TRANSPORT
    • 373 17 It will take 70% stake with its HK unit owning remaining 30% Bloomberg [SHANGHAI] Cosco Shipping Co, a unit of China's biggest shipping company, will form a US$9B million joint venture with its Hong Kong unit in Tianjin to expand business in northern
      Bloomberg  -  373 words
    • PORT SHOTS
      • 77 17 AFP [COLOMBO] Sri Lanka on Monday unveiled a US$l.2 billion plan to expand the island's main sea port to triple its container handling capacity, the Sri Lanka Ports Authority said. The port of Colombo will add four terminals, each with four berths, under
        AFP  -  77 words
      • 67 17 Bloomberg [TOKYO] Mitsubishi Heavy Industries Ltd and other shipyards in Japan, the world's second-biggest shipbuilding nation, received 29 per cent more orders in the first 11 months of the year, spurred by China's economic growth. New business climbed to 7.85 million compensated gross tons from
        Bloomberg  -  67 words
      • 74 17 Bloomberg [NEW YORK] Carnival Corp, the world's largest cruise operator, said it will buy a 130,000-ton ship for its Carnival Cruise Lines for 565 million euros (Ssl.l billion). The vessel, which will have 3,652 lower passenger berths, will be constructed by Italian shipbuilder
        Bloomberg  -  74 words
    • 278 17 MNK, 000 DkN 5$ W- Vol CH Offshore 0.44 unch 1997 Oman Hup —.0.31 -001 691 COMO Corporation ...ill .0.01 3277 CWT Distribution O.bO -0.02 368 EzraHtda.. 3.74 -0.06 215 freight Links 0 07 unctl 1616 Grand Banks Yad* .0J8 0.01 JayaHotdbigs 1.48 unch 1015 KlVantura .0J4 -0.01
      278 words
    • 701 17  -  STRAIT TALK By DAVID HUGHES THE past few weeks have been interesting ones for the observers of the classification society scene, as French-based Bureau Veritas (BV) sought to take over German-based Germanischer Lloyd (GL). The move was unexpected, and was resisted fiercely by
      701 words
    • 71 17 [ELIZABETH. New Jersey] A container ship, the 'Marie Maersk', being loaded with boxes on the docks of Port Elizabeth on Monday. New Jersey governor Jon Corzine announced on Monday the recommendations of a port security task force that urged the adoption of mandatory security standards for
      AP  -  71 words
    • 438 17 Signs MOU with Shougang Group to cut transport costs Reuters [BEIJING] Brazilian miner Companhia Vale do Rio Doce, or CVRD. is working on a shipping cooperation with China's Shougang Group to cut transport costs and make CVRD's iron ore more competitive against its Australian rivals,
      Reuters  -  438 words
    • 461 17 Bloomberg [SHANGHAI] Guangshen Railway Co, China's sec-ond-biggest publicly traded rail operator, raised close to the maximum 10.3 billion yuan (Ss2 billion) sought in a Shanghai share sale after investors ordered 44 times the stock on offer. The Hong Kong-listed company sold 2.75
      Bloomberg  -  461 words
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  • EDITORIAL & OPINION
    • 549 18 EDITORIAL THE launch of Marina Bay Residences last week saw the fever at the top end of Singapore's property market hitting new highs, with high-floor three-bedroom apartments in a 99-year leasehold development selling for as much as 552,770 a square foot—about four to five
      549 words
    • 1201 18  -  They are skilful negotiators who aim to reach agreements with partners and foes LEON HADAR Washington Correspondent FOR most of the second part of the 20th Century, representatives of foreign governments had grown accustomed to dealing with a certain type of US official.
      AFP/REUTERS  -  1,201 words
    • 739 18  -  THE BOTTOM LINE FRANK CHING THE Cabinet-level officials taken to China by US Treasury Secretary Henry Paulson for the first session of the Strategic Economic Dialogue (SED) and their similarly high-level Chinese interlocutors no doubt created hopes of significant breakthroughs on Sino-American
      739 words
    • 1314 19  -  Engage with your customers, build your brand and explode your sales By SHARON VAZ THE blogosphere. What used to be considered a platform for people to post their personal thoughts—an online diary, if you will has become one of today's most explosive marketing
      1,314 words
    • 902 19  -  ANDY MUKHERJEE Bloomberg WHILE a housing-led slump in the US economy may indeed emerge as the biggest risk to Asian economies in 2007, a more immediate threat to investors will probably be posed by the region's central banks. Policy-makers in China, South Korea and
      Bloomberg  -  902 words


  • 8381 20 SGX MAINBOARD 52-Wk Td Last V*i Day I1QH On GrfW Nat -Cm lorn Ca* Cow my fate w- pWB t— *■>- S**» CV. W M 15 I S7I6 1st Software 15 unch 79S7 25 2 2 IS *1 lis 6 3148 STettcom JlS unch 70 85 85 85
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    • 42 20 p e b,r of a great DATE THE WATCH J MBMk Eapaca Boutxjue Miliaria Walk Tal: *****728 gr Paragon Tel: 6239 0084 Rafflaa Ctty TW: 6339 9185 pla>wy»" *.L |L Sola Dtetrftxitor Servlca Cantra AUDEMARS PIQUET (SINGAPORE) PRIVATE LIMITED £2. J s.
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  • 5593 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool run In SS USJ dy %yr dy %yr dy *yr D« 18 lixten Change Ch«ng« Chang* Ch«ng« Ownq« Change Wortd Index Preliminary 1101.7 0.0 13.6 0.1 9 6 -0.) 17.9 t EAfE Preliminary 1103.0 0.1 133 0.1 13.9 -0.1 22.5 Europe
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    • 1396 22 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DD SUCCESS RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NCX/SAV load, Singapore, E./W. Mdoytta, E./W. Malabo, IrxWia MIDOLI-EA>T 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 Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping
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  • THE BUSINESS TIMES SHIPPING TIMES
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    • 603 24 [VESSEL VOY PKL SIN KARACHI I DXB I BAB I DMM MC KHOR IRAN SATTARI PCL 8177 19/12 20/12 29/12 01/01 02/01 Ot/OI 10/01 12/01 IRAN SHAHRYAR PCL 8178 23/12 24/12 02/01 05/01 06/01 12/01 14/01 16/01 IRAN ZANJAN PCL 8180 06/01 03/01 15/01 19/01 19/01 26/01 28/01 30/01 I
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  • MOTORING
    • 425 26  -  Strong economy, wider model lineup help push volume to another record in 2006 Reports by SAMUEL EE THIS year's sales of Porsche cars in Singapore is expected to have surged strongly, with a strong economy and a wider range of models combining to push
      425 words
    • 315 26 A GOOD brand representative may be necessary for strong sales, say the people in charge of sportscar maker Porsche, but they add that the brand representative should be more than just good: he needs to have a passion for the car. "For a brand
      315 words
    • 282 26 THE Porsche World Roadshow is likely to be held in Singapore for the very first time early next year. Pending approval from the authorities, it will take place here to allow its participants to experience the Porsche brand. This long-established event is usually held
      282 words
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    • 226 26 I "Mr 1 Wm V ■^i 4 studies DON'T YOU THINK I fthSS* SYAHID DESERVES I k* ■*<"**■ YOUR SUPPORT? rhys/cal Hdu j It t Almost 8,000 students from financially-strapped families benefited from /"V o i The Straits Times School Pocket Money Fund last year. The fund provides ~wtes c*
      226 words

  • EXECUTIVE MONEY
    • 938 27  -  MONEY MATTERS The financial industry here is so focused on accumulating income, it fails to provide for consumption CHRISTOPHER TAN OVER a business lunch recently. one senior gentleman related to me how his private banker tried to sell him a financial product It was
      Source: www.opt.gov.sg; Source: Ministry of Finance  -  938 words
    • 1197 27  -  JOHNNY TAN has a cautionary tale for credit card users JOHNNY TAN RECENTLY, there have been a lot of warnings concerning how if an individual is not careful, credit card debts can run up to a level that can cripple him in
      1,197 words
    • Article, Illustration
      1110 28  -  Investors should continue to overweight equities, and emerging markets still offer value, but be prepared for a bumpy ride, strategists tell GENEVIEVE CUA GENEVIEVE CUA INFLATION and interest rate fears may have caused a rout in equity markets between April and May this year, but all that is
      AP  -  1,110 words
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    • 139 27 WB NANYANG sds€» technological xjgj/ UNIVERSITY Nanyang Business School Nanyang Executive Programs I At The Cutting-Edge Of I Asian Executive Education < Creating and Managing Strategic Alliances 1 8-9February2007 Interpretation and Analysis of Financial Statements and Reports i Berkeley-Nanyang Advanced Management Program I 5 16 March 2007 (Berkeley Segment, USA)
      139 words

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