The Business Times, 20 December 2006
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2006-12-20
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The Business Times
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Title Section23 2006-12-20 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 20,200623 words
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Article, Illustration855 2006-12-20 1 LARRY WEE - 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. YesterdaySource: Reuters - 855 words
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409 2006-12-20 1 R SIVANITHY - 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
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Page 1 Advertisements
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Advertisement22 2006-12-20 1 PROPERTY BFTgfcil-l hits new benchmark S'PORE ECONOMY Domestic demand seen taking up slack next year PAGE 2 S' -J, THAI CONTAGION EFFECT22 words
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Advertisement51 2006-12-20 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
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TOP STORIES
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Article, Illustration989 2006-12-20 2 ANNA TEO - 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 more989 words
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Article719 2006-12-20 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 price719 words
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481 2006-12-20 2 VINCENT WEE - 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 but481 words
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Article, Illustration647 2006-12-20 4 KALPANA RASHIWALA - 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 out647 words
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Article, Illustration668 2006-12-20 4 PAULINE NG - 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 toREUTERS - 668 words
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Article128 2006-12-20 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 MUMBAIIND128 words
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Advertisement34 2006-12-20 2 ■A ■L %i Jm v V -W H H -Js JiT I Hi V IyHrMI p M A Uniiwj BBlifc/ 1 11 in"**, l > J ***u Promotions [tfl www.midaspromotions.com Ml,s,c intlmainmimt L w J.34 words
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Advertisement13 2006-12-20 2 people G 'break s6 Call us. Www thepeopleatwork com Asia Pacific Executive Search13 words
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Advertisement969 2006-12-20 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 duty969 words
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Advertisement157 2006-12-20 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 the157 words
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Advertisement21 2006-12-20 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
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Advertisement396 2006-12-20 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 Hp396 words
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COMPANY NEWS
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447 2006-12-20 6 PAULINE NG - 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
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Article681 2006-12-20 6 OH BOON PING - 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
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Article4520 2006-12-20 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 B4,520 words
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Article, Illustration379 2006-12-20 7 UMA SHANKARI - $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 is379 words
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Article, Illustration286 2006-12-20 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 BeyFILE PHOTO - 286 words
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187 2006-12-20 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 Engineers187 words
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Advertisement31 2006-12-20 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 *****/169Z31 words
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Advertisement201 2006-12-20 7 Surf for free with Sing Tel on your Nokia NBQ&S* jH m I nte rn et Ed itiiii I I f|B L mk J3f wireless mobility Sing Tel Wireless Surf ZMn? 5 at broadband speed f Afc*--a Simply present your Sing Tel Nokia NBO Internet Data'uta wMmpsG Edition to get201 words
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SINGAPORE MARKETS
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Article, Illustration853 2006-12-20 8 LARRY WEE - 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 day853 words
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Article, Illustration995 2006-12-20 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 PL995 words
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Article, Illustration724 2006-12-20 8 MATTHEW PHAN - 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 inSource: Bloomberg - 724 words
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Article, Illustration538 2006-12-20 8 R SIVANITHY - 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 the538 words
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COMPANY NEWS
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Article, Illustration405 2006-12-20 9 MICHELLE QUAH - 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 forcedFILE PHOTO - 405 words
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COMPANY BRIEFS
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Article75 2006-12-20 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 Aa275 words
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128 2006-12-20 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 it128 words
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Article74 2006-12-20 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 proforma74 words
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Article, Illustration424 2006-12-20 9 SIOW LI SEN - 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
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Article393 2006-12-20 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. SingBloomberg - 393 words
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468 2006-12-20 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 NIBBloomberg - 468 words
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Page 9 Advertisements
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Advertisement25 2006-12-20 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
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Advertisement145 2006-12-20 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 essay145 words
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Advertisement97 2006-12-20 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 Choice97 words
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Advertisement19 2006-12-20 9 n^n Lianhe Zaobao I i top- I I selling I I developer I I 2006 I HS2OO6# I I19 words
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SINGAPORE NEWS
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190 2006-12-20 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 will190 words
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Article, Illustration246 2006-12-20 10 CONRAD TAN - 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 operations246 words
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411 2006-12-20 10 CONRAD RAJ - 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 designed411 words
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697 2006-12-20 10 DANIEL BUENAS - 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 year697 words
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283 2006-12-20 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 more283 words
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Article, Illustration449 2006-12-20 10 KELVIN HAN - 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 cityCAROLINE CHIA/ST - 449 words
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Advertisement21 2006-12-20 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.com21 words
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Advertisement27 2006-12-20 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 NOTICES27 words
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ECONOMY WATCH
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362 2006-12-20 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 theReuters - 362 words
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704 2006-12-20 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 largeAFP - 704 words
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414 2006-12-20 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
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Article, Illustration636 2006-12-20 11 ANTHONY ROWLEY - 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 toREUTERS - 636 words
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Page 11 Advertisements
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Advertisement392 2006-12-20 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 15TH392 words
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Advertisement371 2006-12-20 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 Ayer371 words
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Advertisement499 2006-12-20 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 paucd499 words
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Advertisement369 2006-12-20 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 day369 words
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Advertisement364 2006-12-20 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 It364 words
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MALAYSIA
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402 2006-12-20 12 S JAYASANKARAN - 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 ending402 words
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339 2006-12-20 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
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597 2006-12-20 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 metalReuters - 597 words
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293 2006-12-20 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 withBloomberg - 293 words
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Article, Illustration234 2006-12-20 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 transportAFP - 234 words
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Article2130 2006-12-20 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 0322,130 words
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Page 12 Advertisements
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Advertisement8 2006-12-20 12 B|l > THE WORLD'S BIGGEST MEN'S MAGAZINE sph magazines8 words
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MIDDLE EAST
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Article, Illustration546 2006-12-20 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
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310 2006-12-20 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 SaudiBloomberg - 310 words
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Page 13 Advertisements
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Advertisement514 2006-12-20 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 'tf514 words
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Advertisement105 2006-12-20 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 onward105 words
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GREATER CHINA/INDIA
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Article, Illustration511 2006-12-20 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 forBloomberg; Reuters; AP - 511 words
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205 2006-12-20 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 AssetsReuters - 205 words
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264 2006-12-20 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
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Article, Illustration426 2006-12-20 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 stateAP - 426 words
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452 2006-12-20 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 toReuters; Bloomberg - 452 words
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309 2006-12-20 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 KualaAP - 309 words
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Page 14 Advertisements
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Advertisement59 2006-12-20 14 *************************11 l jiiimimiiiiii""""" I II Joe Augustin wants to take your travel BEST. pgggfcJl 9 l eat hollda Packages o Share with our listeners? Talk to our brand new tea "i at radj o 9f 19 al? j SSKSBffi®" advertising ideas! HHOSBBSMw I llfflfffllwilllllllll I Radio 91.3 is managed by59 words
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ASIA-PACIFIC/WORLD
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Article, Illustration488 2006-12-20 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 wasAFP; AP - 488 words
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426 2006-12-20 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 inflationAP - 426 words
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257 2006-12-20 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
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497 2006-12-20 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 £2.7Reuters - 497 words
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303 2006-12-20 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 CaliforniaReuters - 303 words
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502 2006-12-20 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. SharesBloomberg - 502 words
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Page 15 Advertisements
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Advertisement45 2006-12-20 15 BUY/SELL SECOND HAND ROLEX WATCHES HIGH-END WATCHES Savings Guaranteed Authenticity Guaranteed Brand New Condition Guaranteed Trade In/Goods Return Acceptable 2 Years Warranty jndiodl Hotline 6691 1913 SMS 9766 6913 :;tn»..jHßi* mmmmwWWWWWWmm Radio 91.3 is managed by SPH Unionworks, a subsidiary of §0 Singapore Press Holdings45 words
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AVIATION
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Article, Illustration566 2006-12-20 16 Its board also formally rejects US Airways' US$8.4b offer for the carrier AP [ATLANTA] Delta Air Lines Inc filed a reorganisation plan yesterday that calls for it to emerge from Chapter 11 bankruptcy protection next spring as a standalone company. It also said that itsAP - 566 words
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Article433 2006-12-20 16 Bloomberg [LONDON] BAA pic, the UK airport operator acquired by Grupo Ferrovial SA in August, said first-half net income fell after a terror alert caused increased security costs and disruption for passengers and airlines. Net income in the six months ended Sept 30Bloomberg - 433 words
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Article, Illustration297 2006-12-20 16 It wins approval of carrier's receiver for a debt swap Bloomberg [MANILA] Baguio Gold Holdings Corp, owned by the Philippines' secondrichest man Lucio Tan, won the approval of Philippine Airlines Inc's (PAL) receiver for a debt swap, taking it closer to buyingBloomberg - 297 words
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214 2006-12-20 16 Bloomberg [WELLINGTON] Air New Zealand Ltd. die nation's largest airline, doubled its order for Boeing Co 787-9 jetliners to eight as it upgrades its fleet and considers new routes. The four aircraft will be bought at a "significant discount" to the NZ$lBloomberg - 214 words
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Article2112 2006-12-20 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
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130 2006-12-20 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 inAP - 130 words
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Page 16 Miscellaneous
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Miscellaneous193 2006-12-20 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 predator193 words
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SHIPPING/TRANSPORT
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373 2006-12-20 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$9B million joint venture with its Hong Kong unit in Tianjin to expand business in northernBloomberg - 373 words
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PORT SHOTS
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77 2006-12-20 17 AFP [COLOMBO] Sri Lanka on Monday unveiled a US$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, underAFP - 77 words
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67 2006-12-20 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 fromBloomberg - 67 words
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74 2006-12-20 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 shipbuilderBloomberg - 74 words
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Article278 2006-12-20 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 -0.01278 words
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701 2006-12-20 17 DAVID HUGHES - 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 by701 words
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Article, Illustration71 2006-12-20 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 forAP - 71 words
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Article, Illustration438 2006-12-20 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
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461 2006-12-20 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 2.75Bloomberg - 461 words
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Page 17 Advertisements
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Advertisement17 2006-12-20 17 1 11 International Ship Classification IHTEGRrTYSERVIC^QUAUTY Keeping you the forefront of maritime safety, security and environmental protection17 words
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EDITORIAL & OPINION
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549 2006-12-20 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 five549 words
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Article, Illustration1201 2006-12-20 18 LEON HADAR - 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
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Article, Illustration739 2006-12-20 18 FRANK CHING - 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-American739 words
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Article, Illustration1314 2006-12-20 19 SHARON VAZ - 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 marketing1,314 words
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Article, Illustration902 2006-12-20 19 ANDY MUKHERJEE - 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 andBloomberg - 902 words
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Article8381 2006-12-20 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 85 858,381 words
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Advertisement42 2006-12-20 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.42 words
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Article5593 2006-12-20 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 Europe5,593 words
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Advertisement1396 2006-12-20 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 Tramping1,396 words
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Advertisement570 2006-12-20 22 ItMTwumA tono mvici wasnt m»wi I—— m km io i sw i jkt OKHIDBMBSB 50 15 2V12 M/ 12 SIUTCEXPKSSIO 10 4 01/01 02/01 04/01 |*un»*iuwto«o««via vtssa/vor tAaroro ihbghwi to awiw stp mm mm sw la fESa/OJI 50 4i IUVII 03-03/12 0545/12 07-01/11 10-10/1? 17-17/11 24-25/12 27-21/12 POSITIVE L£»B/MS 100570 words
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Advertisement1641 2006-12-20 23 WAN HAI INTERNATIONAL PTE LTD aNO *****9M000/I VTTr\ mill 10:*****588 (MUNIS) FAX:*****163 \\Md WAN HAI I INr> OBfMrS«rYk»/lß«kfa)iMmfUw• (1800)*****200 Y fWI lift I hlllk V OA 1* ******0000 Ml: 10* *****00 Ml lb M2MMOO Ml: M *****09 Y awiMMiivnmMaMamMMMi www wanhai ram in JCT It 1071) ***** M FAX: (021)1,641 words
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Advertisement1003 2006-12-20 23 |~jn EASTERN CAR LINER, LTD 1 SPECIALIZE IN RORO t HIAVY LIFT UPTO 450 TDHS |MTIMSUSBma|vOY |taf| uhhgl SM TPP PUfIQ HL(W) |MM MT Stt Id MU ITV KOIAHNAMUI mm n ln/12 ~—m —mr~ —S7frii7ii HH —;n 5T m\ ~~g7TT 21/12 mm k "~B In/12 24/12 "W "W anon 751,003 words
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Advertisement168 2006-12-20 23 Vy% BREAKBULK A CONVENTIONAL SERVICE DWECT SERVICE FROM S PORE TO KARACHI Iresa I VOYACI roaNCAPOM nAMMOi~| jlMUMlwwtofcH 039HW 10-IS-01.2007 20-25.01.2007 SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Road #17-07/0« /IK Apax Teww, Singapor* *****5 TaUphonw 6270 0977 II FacMmtU: 6275 2309 >11 T«Ux: RS ***** SiAPAC DIRECT SIN NAMPO, KOREA168 words
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Advertisement654 2006-12-20 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS »Ksa wt sw Inm*! coiomio |»-Si»*| coiomio iduam ma. i?pk arc 23pk jw &m_ HOWMti JHL am 27 PK WPK JUM BUtf_ KOTAfBHMA TffWW7l 02 JAM 03 JAM OtJAM OTJAM 13 JAM ALSO ACOPIM K1 TO COOfll654 words
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THE BUSINESS TIMES SHIPPING TIMES
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6619 2006-12-20 24 This ETA ETA A*iwHi» Vend V«y»j» Tllipfcllll HA ETA Muto V«—I V«yy T^ini 27/12 01X11 PACCCont PAC1AVA 674N *****655 "lb ABIDJAN (ABJ) 2003 Cote D'tvoire 30/12 03«1 Nomans ASIA EXPRES51 26SA *****776/86 01/01 06/02 Delmas URSULA DELMAS 704W *****344 01/01 04/01 Sinokor MERKURSEA 002H6,619 words
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Advertisement603 2006-12-20 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 I603 words
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Advertisement312 2006-12-20 24 KM fir&mntm TH7IH7H IT7T! HimtM 9571 H7H 1771? wb n/tl H7TI mmm im jut* win m m mm H/ii Hi mu hm ir/»i w/ii "HZTHRT mm H7H OTTI ffli Wm JJ7T? =w===fi==it= m =^==^=M= WLMHU WB» IT/11 14/il Kg BBC fllf P/it jgfj E ¥tli I E, W Saw m312 words
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Advertisement275 2006-12-20 24 CONVENTIONAL SERVICE ETA SIN LOADING FOR 25 DEC DUBAI, DAMMAM, KUWAIT 30 DEC MALE, COLOMBO 30 DEC CHENNAI 04 JAN SHARJAH, DAMMAM, DOHA, KUWAIT 06 iAN BOMBAY Fife GLORY MVKATMMI GROUPI II sua i»;o) OWNS A OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS COVUMO THE ENTKE ASIA275 words
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MOTORING
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Article, Illustration425 2006-12-20 26 SAMUEL EE - 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 push425 words
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Article, Illustration315 2006-12-20 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 brand315 words
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282 2006-12-20 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 held282 words
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Advertisement226 2006-12-20 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
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EXECUTIVE MONEY
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Article, Illustration938 2006-12-20 27 CHRISTOPHER TAN - 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 wasSource: www.opt.gov.sg; Source: Ministry of Finance - 938 words
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1197 2006-12-20 27 JOHNNY TAN - 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 in1,197 words
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Article, Illustration1110 2006-12-20 28 GENEVIEVE CUA - 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 isAP - 1,110 words
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Advertisement139 2006-12-20 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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Advertisement55 2006-12-20 28 It's easy to be a great ((•Ty) E lAi A 6 host this festive s »0n... i you need is 10 r minutes for each dish. VS Pop by your nearest supermarket u \A J not today, but now. #V- > I \vailahle/ilthe trosen food section. Cooked Head-On Shell On55 words
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Advertisement9 2006-12-20 28 MONEY MATTERS Chasing returns in the retirement game PG279 words
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