The Business Times, 2 February 2007

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Microfilm: NL27323
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    21 1 The Business Times Friday, February 2, 2007 SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006
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  • Article
    Lock icon MAS lowers barrier for bank loans
    708 1  -  Income limit for unsecured loans to be eased to $20,000 a year; moneylenders' rates to be freed up By SIOW LI SEN [SINGAPORE] Half-a-mil-lion people on lower incomes are to be offered access to bank loans for the first time, it was announced yesterday
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  • Article
    Lock icon MARKETS DIGEST
    46 1 STI 3,168.10 (+42.54) ST INDEX FUTURES 3,175.00 (+42.00) SIMSCI 385.19 (+5.90) SIMSCI FUTURES 386.20 (+6.80) PRIME RATES SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 16.978 TAIWAN 5.896 JAPAN 1.625 KOREA 9.33 BRITAIN 5.25 US 8.25 CANADA 6.00 SWITZERLAND 3.98 INDIA 11.50 Source: Bloomberg
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  • Article
    Lock icon Surveys show dip in business sentiment
    546 1  -  Electronics and seasonal factors likely reasons: EDB By ANNA TEO [SINGAPORE] After riding a year-end festive high, business sentiment especially among manufacturers has weakened. The majority expect things in the first six months of 2007 to get no worse, but no better either. And
    546 words
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      2 1 CORUS TAKEOVER
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      26 1 NEW BOSS 0^ Michael Dell is back EXEC LIFESTYLE SHAPING THE ARTS Corporate citizens on the role of sustained sponsorship in fostering the arts in Singapore
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      72 1 EPICURE COMMENTARY The doubt that faces OSIM PAGE 5 A V HHH|HH I know that sounds ■HjOjlM like Nirvana...9 BlnlfflHlM John Grumbar, chairman and CEO of Egon Zehnder International, on firm's corporate hHHHHM|I culture. Others may think it's 'sort of wet and woolly', but it has served the search firm
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  • TOP STORIES
    • Article, Illustration
      Lock icon Two China manufacturing surveys give mixed signals on economy
      696 2 One shows it's still strong, the other a slowdown ahead Reuters [BEIJING] A pair of Chinese manufacturing surveys released yesterday sent out mixed messages, one suggesting the economy is as robust as ever and the other signalling a slowdown in the
      Reuters; REUTERS  -  696 words
    • Article
      Lock icon Delia Lee inks conditional deal to sell Meyer Rd properties
      477 2 Hong Leong unit expected to pay $350m: sources [SINGAPORE] Delia Suantio Lee of Lee Foundation is said to be selling her properties at Meyer Road and plans to move to new homes at Sentosa Cove. Dr Lee, wife of Lee
      477 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      541 2 Need to rethink biomed research drive: Lee Wei Ling SINGAPORE should reassess its strategy for creating a biomedical industry after spending billions of dollars without achieving significant results, a member of Singapore's top political family said. Lee Wei Ling, a paediatrician who heads the National Neuroscience Institute, told
      541 words
    • Article, Illustration
      Lock icon The Fed's benign tone soothes Wall Street
      788 4  -  New phrasing brings relief to market, stocks gain By ANDREW MARKS in New York THE US Federal Reserve's "not too hot, not too cold" Goldilocks view of economic conditions had many on Wall Street yesterday betting against an interest rate change of any
      BLOOMBERG  -  788 words
    • Article
      Lock icon Need to rethink biomed research drive: Lee Wei Ling
      750 4 Says resources are spread too thinly, S'pore too small for venture capitalism Reuters [SINGAPORE] Singapore should reassess its strategy for creating a biomedical industry after spending billions of dollars without achieving significant results, Singapore's head of the National Neuroscience Institute said.
      Reuters  -  750 words
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      317 3 -CT A _^^gi||^pg^M| IS '"^^^^WBj soff 000 m MHB |Hr /i Hv KsP_Jm -7'? k, 4 IiBIIjHHnHiHHHBBBSSSSBB -<^. v X. W fl SPc-, y fl i r NHH •>* P •■^•pwpipippipp^. <j/£''T'- *1 "^s. I "i -1 THE ROAD TO REAL POWER IS NOW SMOOTHER THAN EVER. Introducing The Long-Wheelbase,
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      2627 4 Cats Notices LOST SHARK CERTIFICATES The following share certificate* have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Nome of Shum ComfortOelGro ***** 7 2 Samy David Deceased 200 Corporation limited -do- *****31 do- 200 SBS Transit Ltd *****73 -do- 200 Neptune Orient Lines *****34 Caroline
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      107 4 In the matter of The Companies Act, Cap. 50 And In the matter of RAYMOND LIM LIMS INVESTMENTS HOLDING (SINGAPORE) PTE LTD (Company No. *****1234E) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 336 Smith Street #06-308
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon OSIM has a mountain of doubt to climb
      727 5  -  HOCK LOCK SIEW By WONG WEI KONG CHINESE actress Shu Qi who launched OSIM's latest massage chair starred recently in the film Confession of Pain. The movie title is just as apt a description for the shock profit warning delivered by the
      FILE PHOTO  -  727 words
    • Article
      Lock icon A-Reit to buy 5 industrial properties for $63m
      273 5  -  It signs put and call option agreements with Flextronics By ARTHUR SIM ASCENDAS Real Estate Investment Trust (A-Reit) will acquire five industrial properties for $63 million, taking the total value of acquisition and development projects it has announced so far this financial
      273 words
    • Article
      Lock icon Good grounds for appeal: Guthrie
      336 5  -  It says subsidiaries all set to protect interests in lawsuit By WEE LI-EN ENGINEERING and property group Guthrie GTS said yesterday its subsidiaries engaged in' a US$l7.9 million lawsuit in Indonesia have taken all steps to protect their interests, after they lost a first appeal.
      336 words
    • Article
      Lock icon Amtek Engineering's Q2 profit up 26%
      298 6  -  By TAMARA MOHANAN KUPPASAMY CONTINUING to ride on the growing outsourcing trend from multi-national corporations, Amtek Engineering achieved a 26 per cent jump in net profit to US$6.6 million for its second quarter ended Dec 31, 2006. The Singapore-based precision metal stamping and tooling
      298 words
    • Article
      Lock icon Semb Utilities seals deal to supply to Lucite
      278 6  -  20-year deal for Jurong Island plant said to be worth at least $50m By RONNIE LIM SEMBCORP Utilities, which operates a 815-megawatt co-generation power plant on Jurong Island, has secured a 20-year deal to supply utilities and other services to pioneer chemical
      278 words
    • Article, Illustration
      Lock icon Rotary Engg inks contracts worth $40m
      356 6  -  It wins $23m deal from Shell and $17m contract from Oiltanking By BENITA AW YEONG MAINBOARD-LISTED Rotary Engineering (Rotary), a leading provider of engineering, procurement, construction (EPC) and maintenance services, announced yesterday that it has won two contracts totalling $40 million from Shell Eastern
      FILE PHOTO  -  356 words
    • Article
      Lock icon QAF mulls paying shares as dividends to utilise tax credits
      301 6 FOOD conglomerate QAF may pay out dividends in the form of shares in its subsidiaries, as part of a tax credit utilisation plan. The company yesterday said it has about $11.3 million in unused tax credits. Based on the current
      301 words
    • Article, Illustration
      Lock icon Etika aims to diversify via acquisitions, alliances
      526 7  -  Will enter Aussie, NZ markets soon, sees potential in C America, Africa By BENITA AW YEONG ETIKA International, a regional food and beverage (F&B) group, says it is hoping to spearhead its global expansion ambition by acquisitions and strategic alliances. Earlier this week,
      YEN MENG JIIN  -  526 words
    • Article
      Lock icon Enviro-Hub buys stake in Thai waste mgmt firm
      396 7  -  It will acquire 23% of Thai-listed PWT for 230m baht By WEE LI-EN ENVIRO-HUB Holdings has struck a deal for a strategic stake in a Thai company as part of its ambition to expand into total waste management services in the region.
      396 words
    • Article
      Lock icon SPC set to enjoy output from Oyong oil field
      343 7  -  By RONNIE LIM THE Oyong oil and gas field in Indonesia is set to start producing soon, says operator Santos Ltd which is good news for Singapore Petroleum Company. SPC has a 36 per cent stake in Oyong, which will be
      343 words
    • Article
      Lock icon COMPANY BRIEFS
      351 7 CAO gets waiver for sale of shares China Aviation Oil (Singapore) said it has secured a waiver from the Singapore Exchange from being required to seek approval from its shareholders on the proposed sale of 3.5 million registered voting shares of Class C in Compania Logistica de Hidrocarburos
      351 words
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      187 5 Get th« information and ongoing support japan has bocomt the k«y to a global competitive advantage for foreign buiin«»Mft in many lectori, from high-tech to lervice industries Besides being 3 the world'i second largest market, Japan alio ideal ai on R&D bait and T&* BMKC. a business forexpansion growing economies.
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      1146 6 Mandatory Cash Offer BDBS DBS Bank Ltd (Company Registration No.: *****0306E) (Incorporated in the Republic of Singapore) for and on behalf of Affinity Precision (S) Re. Ltd. (Company Registration No.: *****1697H) (Incorporated in the Republic of Singapore) to acquire all the leaued and paid-up ordinary aharea In the capital of
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      30 6 MBk H Available at all authorised dealers STAMFORD TYRES INTERNATIONAL PTE LTD R77/*****777WP991 19 Lok Yang Way, Jurong Singapore *****5 Email: enquiries©stamfordtyres.com Tel: 6268 3111 Fax: 6264 0148 Website: www.stamfordtyres.com
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      0 7
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      155 7 Trade in your PDA or mobile phone for a dopodCBoo And have everything you need for work and more Byou can access Word/ Excel/ Powe o i Synchronise content and manage music, pictures and video through the Windows Mobile Device Center in Windows Vista. Windows Vista" www.microsoft.com/windowsvista Built-in WiFi for
      155 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon 'Buy' on banks sends STI to new high
      551 8  -  STOCKS Also helping to boost sentiment was a solid Wednesday session on Wall Street R SIVANITHY Senior Correspondent A WELL-TIMED "buy" report usually leads to a decent rise in the stock concerned, but when three such reports are released almost simultaneously on
      Source: Bloomberg  -  551 words
    • Article
      Lock icon TRADES TO WATCH
      591 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Feb 1 and earlier) Subsantial No of Prico SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell '000 Shr 000) Fibrechem Tech 1-Feb-07 Lonsdale Grp Ltd, BVI Sell ***** na ->2 ?c Jadason Ent 1-Feb-07 Sung Poon
      591 words
    • Article, Illustration
      Lock icon Untitled
      410 8 OTHER SINGAPORE INDICES Feb 1 VALUE CLOSE BT OB/OS -215.00 BT CADI -*****.00 +124.00 BT 10-day MA -*****.00 -21.00 All-SG Equities 837.71 +9.91 SG Equities Elect 123.61 +0.58 SG Equities Fin 2290.48 +41.75 SG Equities Prop 1326.65 +31.60 SIMSCI 385.19 +5.90 SIMSCI Futures 386.20 +6.80 PrimePartners CI 193.38 +2.02 MOST
      410 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      950 8  -  Compiled by UMA SHANKARI WE ARE initiating coverage on Gallant Venture (Gallant) with a Buy and a price objective of 551.63/ share. Our price objective is set at parity to our RNAV valuation of 551.63/ share. Operational overview: Gallant is an investment holding company that listed on the
      Source; Bloomberg  -  950 words
    • Article, Illustration
      Lock icon US$ skids on Fed comments
      526 8  -  CURRENCIES LARRY WEE Senior Correspondent THE Chinese yuan surged to fresh post-depeg highs again in Asia yesterday, helped along by US central bank comments which also depressed the US dollar elsewhere by reducing the threat of higher US interest rates any time soon. Traders said
      Source: Reuters  -  526 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Yong admits his evidence untrue
      681 9  -  NKF CIVIL SUIT Ex-NKF chairman recants, saying he did know of Chua and Durai's stake in software firm GNR Reports by MICHELLE QUAH FORMER National Kidney Foundation (NKF) chairman Richard Yong was accused of being a "liar", of "playing games" and of "lying through his
      SHAHRIYA YAHAYA/THE STRAITS TIMES  -  681 words
    • Article
      Lock icon 'So why did you lie?'
      259 9 AS part of his cross-examination yesterday, senior counsel K Shanmugam sought to establish that former NKF chairman Richard Yong was aware of former board member Matilda Chua's involvement with Global Net Relations (GNR), a company that had dealings with Forte. It is the plaintiff's case
      259 words
    • Article
      Lock icon Biochip maker Fluidigm develops new product line
      340 11  -  By CHEN HUIFEN CALIFORNIA-BASED biochip maker Fluidigm Corp has added a product line to its manufacturing operation in Singapore, a move that will help it tap a market worth US$65O million a year. The company yesterday opened a new biomedical product development centre,
      340 words
    • Article
      Lock icon HKR Int'l to launch Beaufort On Nassim at about $3,000 psf
      283 11  -  By ARTHUR SIM HKR International will launch its super-luxury condominium Beaufort On Nassim soon, and prices will be around $3,000 psf. Hong Kong-based developer HKR International owns The Sentosa Resort, formerly called The Beaufort, and Vivian Sze, director of
      283 words
    • Article
      Lock icon S'pore pioneers anti-terrorism strategy
      398 11  -  HIGH-TECH DRIVE System relies on govt agencies sharing data via online network By JANICE HENG SINGAPORE has developed a new strategy for detecting terrorist threats the Risk Assessment and Horizon Scanning system, which relies on an online network of government agencies. According to David Snowden, founder
      398 words
    • Article, Illustration
      Lock icon WINDOWS OF OPPORTUNITY
      78 11 IAN Seah. a part-time university student and a freelance computer builder, was the first person in the queue, since Bam, to buy his Windows Vista Ultimate software at the Microsoft Vista Launch at Funan DigitaLife Mall yesterday. Being first, he was the only one given a free
      YEN MENG JIIN  -  78 words
    • Article, Illustration
      Lock icon S'pore Flyer may rake in $70m in ticket sales
      475 11  -  By ARTHUR SIM UP TO 80 per cent of the Singapore Flyer's revenue is from ticket sales. And based on the 2.5 million visitors expected in the first year at an average price of $29.50 ticket sales could amount to at
      FILE PHOTO  -  475 words
    • Article
      Lock icon SINGAPORE ROUNDUP
      301 11 A*Star names five new board members FIVE new board members have been appointed at the Agency for Science, Technology and Research (A*Star). They are Prof Alex Markham, professor of medicine at University of Leeds; Prof Kiyoshi Kurokawa, special adviser on science, technology and innovation to the Japanese Cabinet;
      301 words
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      80 10 <3F) Greubel forseX v y Inventeurs Horlogers •fr&Sira, DOUBLE TOURBILLON 30 A significant leap forward in the Art Science of Horology. Arc angle of 30° for a Tourbillon a Tourbillon. jjSJ A unique invention that I B^'^^BF Greubel Forsey is proud to announce that Yafriro International is the official and
      80 words
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      445 11 Let us share Chinese New Year reunion with you! Complement your reunion dinner with a sultry bottle of wine from f' rs met Jasons Wine Cellar. Surprise your family with our superb selection of fine wines and champagne, that will definitely —z"s Food Society Owner, A Taste of Mondavi 9
      445 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon China seen rewarding Paulson as yuan rises
      630 12 Yuan up the most in five months after US official backed China's stance Bloomberg [SHANGHAI] The yuan rose the most in more than five months yesterday after US Treasury Secretary Henry Paulson defended China's policy of allowing gradual appreciation and called for greater
      Bloomberg  -  630 words
    • Article, Illustration
      Lock icon HK purchasing index eases in Jan while hiring slides
      434 12 Reuters [HONG KONG] Business activity in Hong Kong in January expanded at a healthy rate although it eased from December's heady pace and hiring fell to a fivemonth low, a purchasing managers' index showed yesterday. The Hong Kong purchasing managers' index
      Reuters; AFP  -  434 words
    • Article
      Lock icon Bush questions lavish CEO salaries
      482 12 AP [NEW YORK] President George W Bush challenged the corporate world on the lavish salaries and bonuses paid to chief executives, saying their pay should be tied to how much they help their companies' shareholders. "America's corporate boardrooms must step up to their responsibilities," Mr
      AP  -  482 words
    • Article, Illustration
      Lock icon Offshore, local baht trades now separate: Thailand
      398 12 Bloomberg [BANGKOK] Thailand's central bank said its policies have severed the link between onshore and offshore baht markets, with overseas values driven higher by short supply. "We have cut the linkage between the two markets," Bank of Thailand governor Tarisa Watanagase said yesterday.
      Bloomberg  -  398 words
    • Article
      Lock icon Corporate cash will lead to more M&A in 2007, says S&P
      298 12 Reuters [NEW YORK] Mergers and acquisitions in 2007 could beat last year's record in the US as companies are forced by shareholders into using their huge reserves of cash on acquisitions that offer the prospect of boosting growth, according
      Reuters  -  298 words
    • Article
      Lock icon Private equity drives Aussie M&A boom
      345 12 Reuters [SYDNEY] Australia's private equity-driven mergers and acquisitions boom is sparking even more takeover activity as companies seek deals to fend off unwanted predators, says Australia's leading corporate law firm. Freehills' M&A partners Mark Rigotti and Rebecca Maslen-Stannage say 2007 could top last year
      Reuters  -  345 words
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      967 12 rn THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF (1) SEAFORCE MARINE ENGINEERING PTE LTD (Company No *****2663K) (2) HYPER PENTA ENGINEERING PTE LTD (Company No. *****3383Z) (3) OUTDOORINAStA PTE LTD (Company No. *****5544K) (In Creditors' Voluntary Liquidation) TAKE NOTICE that a meeting of the
      967 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Yudhoyono fails to score with speech
      665 13  -  Observers say he dwelt too long on plans, but fell short on performance By LAUREL TEO in Jakarta IT WAS a speech that stretched two-and-a-half hours and spanned welfare policies, agrarian reform, pro-investment calls and anti-corruption resolutions. Still, President Susilo Bambang Yudhoyonp failed to
      REUTERS  -  665 words
    • Article
      Lock icon M'sia downplays claims floods caused by S'pore
      248 13 S'pore says studies confirm that claims are unfounded Reuters. AP AFP [KUALA LUMPUR] Malaysia yesterday stepped back from remarks by Johor's chief minister blaming Singapore for recent flooding that has caused more than US$425 million in damage. Abdul Ghani Othman was quoted this
      Reuters.; AP; AFP  -  248 words
    • Article
      Lock icon US official wants trade talks with Malaysia suspended
      139 13 AFP [WASHINGTON] A key US lawmaker on Wednesday called on the administration of President George W Bush to suspend free trade talks with Malaysia in protest over its mega energy deal with nuclear renegade Iran. Tom Lantos, the head of the US
      AFP  -  139 words
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      48 13 ra/m<f 120 yea M 17 August 1969 1 October 1977 30 July 2()03 The Woodstock Festival ends. Pelt hangs up his boots. The last VW Beetle rolls off the line. Some things leave our lives dull and bland with their passing. Such an event will arrive this February.
      48 words
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  • INDIA/GREATER CHINA
    • Article
      Lock icon Tata displays iron resolve in Corus takeover
      337 14 With this Indian industry can prove itself as a global player, he says STEEL MOGUL Reuters IMUMBAI] Ageing Indian business icon Ratan Tata proved he still had the stomach for financial dogfighting by downing a Brazilian rival and landing India's biggest ever takeover.
      Reuters  -  337 words
    • Article, Illustration
      Lock icon Ratan Tata's British steel ambitions cost investors US$1b
      683 14 Tata Steel shares down 11 since Oct 5, when it said Mr Tata might bid for Corus Bloomberg AFP [MUMBAI] Ratan Tata's US$l2 billion victory in the Corus Group Pic auction has cost his investors US$l billion in market value. Shares of
      Bloomberg; AFP; PHOTOS: AP, AFP  -  683 words
    • Article
      Lock icon Vodafone vows not to overbid for Hutchison Essar stake
      323 14 MOBILE BATTLE Reuters [LONDON] Vodafone Group Pic vowed not to pay "over the top" in the multi-bil-lion-pound battle for India's Hutchison Essar as it reported forecast-beating subscriber growth and crossed the 200 million-us-er milestone. Chief executive Arun Sarin said on Wednesday
      Reuters  -  323 words
    • Article
      Lock icon HK to loosen short-selling curbs?
      284 14 Regulator hopes to make HK a more attractive hub Reuters [HONG KONG] Hong Kong's Securities and Futures Commission (SFC) is considering loosening restrictions on short selling to help make the territory a more attractive financial centre, the regulator's chief executive said yesterday. The percentage of
      Reuters  -  284 words
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      31 14 I radioQ'l Q I 1 I L w 1 1 I 1 1 L —I—M IiMiHMHMHHI e Radio 91.3 is managed by SPH UnionworVs, a subsidiary Of Singapore Press Holdings u.
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      49 14 m Lianhe Zaobao If I Global sales of I I Chinese I I herbal I ImedicineJ I™« I mB 7>T#>i»l tTiTif*] 1 Head to Head to CATS FASTADS In CATS FASTADS In The New Paper The New Paper for beauty for beauty haircare services! haircare services! WAT 3 MATS
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Tsang seeks new term; faces challenges, contender
      277 15 AP [HONG KONG] Hong Kong leader Donald Tsang said yesterday he would seek another term, amid growing pressure for full democracy and less air pollution in the former British colony that returned to Chinese rule 10 years ago. The election will be historic
      AP  -  277 words
    • Article
      Lock icon Pressure grows for HK civil service pay rise
      556 15  -  This comes as fiscal surplus mounts, pay gap with private sector exists By JANE MOIR in Hong Kong AFTER a decade-long battle to pare back civil service pay amid budget deficits, Hong Kong's growing fiscal surplus has reignited the thorny issue as
      556 words
    • Article
      Lock icon Dutch auction of sunken porcelain nets 3m euroes
      91 15 AFP [AMSTERDAM! Almost 80,000 items of 18th century Chinese porcelain salvaged from a ship that sank off Vietnam some 300 years ago were auctioned in Amsterdam Wednesday for more than three million euros (Ss6 million). Initial estimates had suggested the sale would
      AFP  -  91 words
    • Article
      Lock icon China's property market likely to stagnate: govt report
      115 15 Housing demand to weaken in 2007, fall further in 2 years AFP [BEIJING] China's property market is forecast to stagnate over the next two years as supply far outstrips demand, state media said yesterday, citing research from the nation's top economic planning
      AFP  -  115 words
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      537 15 I K^/vga > h-j-letira/inqr 120 yf»« Welcome to the peak of epicurean living Raffles Hotel is pleased to invite you to a week of exquisite indulgence. This February, the Twelfth Annual Raffles Hotel Wine, Food and Arts Experience will feature the culinary talents of 7 stellar chefs, wine from 10
      537 words
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  • MIDDLE-EAST
    • Article
      Lock icon Dubai firm ends takeover talks with Liverpool
      361 16 Club considering bid by US sports tycoon George Gillett: source Reuters [LONDON] Dubai International Capital (DIC) said on Wednesday that it had pulled out of takeover talks with Liverpool after the club's board was unable to agree on the terms. The company said
      Reuters  -  361 words
    • Article
      Lock icon Aabar posts US$25.3m profit on US$254.5m revenue for 2006
      369 16  -  By CLARENCE MICHAEL in Dubai AABAR Petroleum Investments Company, parent company of Singapore-based Pearl Energy, has announced a net profit of U5525.27 million on revenue of U*****.46 million for the year ended Dec 31, 2006. From US$49O million in 2005, Aabar's
      369 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7031 16 UNIT TRUSTS FUNDS ASM Antra Asset Mgt (S'pore) Star Europe Eqly 1 t 056/ Star Europe Bond 1 167/ Sar Europe W ***** Star Asian Tigei Eqty 1312/ Sta> Asm Bond ***** S» Asm IM 11/ SaGlobal lechnologyFund'" 0215/ MultiStFd 1159/ Star Asia Bond(USD) 0853/ GfcMuRiStUSD 097* AaaBondMA 104/9/ Asia
      7,031 words
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      18 16 AllianzGI RCM Global Twin -Focus-Fund DEFINITELY SOMETHING TO Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS ■HHlBl.—__—
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  • AVIATION
    • LOG BOOK
    • Article, Illustration
      Lock icon Higher airline tax for flights out of UK
      273 18 Reuters [LONDON] Passengers leaving British airports must pay a new higher rate of air tax that came into force yesterday or risk being prevented from boarding their flight. People who bought tickets before Finance Minister Gordon Brown announced the tax hike in
      Reuters; REUTERS  -  273 words
    • Article
      Lock icon Airbus seeks 'flying palace' buyers
      223 18 Bloomberg [DUBAI] Airbus SAS, maker of the delayed 555-seat A3BO airliner, is in talks with two potential buyers of private versions of the USS3OO million superjumbo, what the company calls the "flying palace". "They are not customers until they sign, but there are two very
      Bloomberg  -  223 words
    • Article
      Lock icon 7 airlines accused of cargo price-fixing in Australian suit
      378 18 A$200m class-action suit filed by group of freight users AFP [MELBOURNE] Seven international airlines have been accused of operating a freight price-fixing cartel in a As2oo million (Ss23B million) class-action lawsuit in Australia, lawyers said yesterday. Australian flag carrier Qantas Airways,
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    • Article
      Lock icon US Airways withdraws US$9.8b offer for Delta
      460 18 Reuters [CHICAGO] US Airways Group Inc on Wednesday withdrew a hostile offer for bankrupt Delta Air Lines Inc after Delta creditors rejected the bid, taking immediate pressure off rivals to merge. US Airways, the No. 7 US airline, withdrew its USS9.B billion offer
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    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2355 18 OTT FU<in ITA HJ6WT m> AbaPhabi SQ455 1225 AdataidaLH9771 1740 LH9770 2350 SQ268 1740 ***** 2350 Ahmadabad SQ531 0745 Aimtardam L***** 0645 KL83S 2315 SO32 3 0645 L***** 2345 ICL837 1605 SQ324 2345 Mtm» SQ34T 0100 Auckland EK433 0130 S0281 0835 UL2433 0130 NZ4385 2100 SQ282
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      Lock icon BA ditches plan for directors' travel
      119 18 AFP [LONDON] British Airways scrapped a controversial proposal to give its non-execu-tive directors free unlimited first-class travel anywhere in the world, a spokeswoman for the company confirmed on Wednesday. The plans had infuriated union leaders following a bitter dispute over pay and sickness absence
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  • SHIPPING
    • Article, Illustration
      Lock icon New PSA car storage facility 'vital for S'pore'
      746 19  -  It will help Republic keep its edge as transhipment hub: Norway shipowner By DONALD URQUHART [SINGAPORE! A new multistorey car storage facility at PSA Corporation's Pasir Panjang Wharves will help Singapore maintain its competitiveness as a regional vehicle transhipment hub, according to
      ARTHUR LEE, FILE PHOTO  -  746 words
    • Article
      Lock icon Yantai wins US$3l0m rig order from Norway firm
      260 19  -  By CONRAD RAJ (Singapore) (FPSO) units, plus other offshore vessels. The latest semi-submers-ible WilPromotor will be built to operate on the Norwegian Continental Shelf. It will be the third semi-sub-mersible rig built by Yantai for Awilco's a cost of more than US$2O
      260 words
    • Article
      Lock icon Hyundai Heavy's profit soars; Hanjin Shipping's down
      189 19 Bloomberg (SEOUL] Hyundai Heavy Industries Co, the world's largest shipyard, said profit last year almost quadrupled as the company built more vessels at higher prices and paid less for steel plate used to make hulls. Net income rose to 712.8 billion won (Ssl.2
      Bloomberg  -  189 words
    • Article
      Lock icon Ship's confusing actions created dangerous situation: court
      893 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR A BULK carrier that created a dangerous situation between itself and another vessel off Gibraltar should be almost wholly responsible for the collision that followed between the two vessels, an English court ruled last week. According to the
      893 words
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      56 19 I ASIAN SHIPPING and WORK BOAT mnmmmmsrnm H u All AAI CIINTFf i ship and boat builders engine/propulsion system manufacturers H nML Vr "aat COUNTLESS MARINE EQUIPMENT AND SERVICE SUPPLIERS February 6-8, 2007 I but, WITH SO MUCH TO SEE, ONE VISIT SURELY WONT BE ENOUGH. IBAIRDI m-nn fg 18:00hrs
      56 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Cross-border mergers of exchanges
      509 20 EDITORIAL IN this age of cross-border mega-mergers among companies it might seem perfectly logical for stock exchanges, which act as a conduit for trading the shares with which most M&A activity is financed, should themselves engage in mergers across borders. The New York Stock Exchange and
      509 words
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      Lock icon Davos is for wimps and pointless sceptics
      1021 20  -  Even if the financial elites knew something useful, they are unlikely to do anything about it B y MICHAEL LEWIS IT HAS become almost obligatory for the world's most important economic people, at the beginning of each year, to travel joylessly to the
      AP  -  1,021 words
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      Lock icon Raising GST, catting direct taxes good for S'pore
      821 20  -  THE BOTTOM LINE DAVID MASON IF I have read the tea leaves properly, GST in Singapore will be increased from 5 per cent to 7 per cent and corporate tax will be reduced at the same time. A package of "offsets" or
      821 words
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      Lock icon Race for the White House hots up
      929 21  -  While the media is preoccupied with the Hillary-Barack race, the Republicans are doing their best to damage their reputation LEON HADAR Washington Correspondent IT MIGHT be cold and snowy in lowa and New Hampshire. But it's actually starting to getting very hot politically
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      Lock icon Buy out funds' deep pockets take more firms private
      1572 21  -  By DAVID CHO Washington Post THE world may be eating more doughnuts now that Jon Luther's firm, Dunkin' Brands, has joined the most prominent trend on Wall Street these days: going private. Since three private equity firms bought out the Dunkin'
      Washington Post; BLOOMBERG  -  1,572 words
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  • Article
    Lock icon SINGAPORE STOCKS
    11254 22 SGX MAINBOARD Transaction date: Feb 1 52-Wk Tet Last Vol Day LastQuote Diw GrYW Net MCap High Low Cod* Company Sala +I- C000) Wgh low 8«yr 5a»«r Cvr S P/t Smi 35 1 5716 1 st Software 2 susp 81 115 6 3148 8Telecom 9 5 -OS 340
    11,254 words
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      35 22 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in ail markets Access to Asian, US, Euro stocks Select Exchange Ttaided Funds and indices Competitive Commission charges
      35 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6346 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local turr SS tn USS dy y* dy y» <lY J«fi31 Index Change Changt Q«"ge Chanqtr Chinee Wo»k3 lnde« P<elim«wy ***** -02 15-2 -0-1 99 -M IM I §AK Preliminary 1127 7 -04 15.9 -0.3 14.8 0.2 24.3 £u'Ope Preliminary 1517 T
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      1617 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN XU CHANG HAI /C aw MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia [oq6s e /w Ma aysia( Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT Destination PAN VOYAGER JDH/DMT/BJA STX PO TBN INC/BSN J SAFE DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore,
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      706 24 INTIRAHA ROtO SERVICE vtssa/voY ramped hbghum) ho kh uj sm *r STRAITS EXPRESS 2 30 4 25/01 21/01 30/01 STKATTS EXPRESS 3 30 4 02/02 04/02 06/02 11/02 13/02 STRAITS EXPRESS 4 30 4 02/03 04/03 00/03 11/03 13/03 ImmtiiiM pr*Bf> twvri VKsa/vor Tuggm hbghhmil taiswiwn syp ma ape fre
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      1618 25 WAN HAIINTERNATIONAL PTE LTD CR N0E**********0/R r\ mm.mm, T1L*****5M (14IMS) FAJL6224U63 \k|\ IMAM A I I IMEC CustomerSoviet/BoafciigsDwdl«e-(1800)*****700 V 11 I Vf Mil nMI LlUt J PH TE; |03) 1346H51 FAX: (03) *****25S PW IE: (04) 22A5400 FAX: (*****HW9 lb- JOMI* (07) Hlira FAX: (07)25I»W1 SUI*: (031) J7*5475 FAX: *****32*2714/33*1305
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      1379 25 |~in EASTERN CAR LINER, LTD \v SPECIALIZE IN RORO A HEAVY LlfT UPTO 450 TONS ITRA-ASM SERVICI YQY Uhh| ISW I Iff I fKUN) rtUW) I PMH I JKT I SUS LP —I ITU RAIAMGAS EISHIIN 1 80 I 02/0? I 04/D2 09/02 -mmm r d ih~ i 678 MEKUONACE
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      654 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS wsa I wk I sw I rn*G cotwo hshya I count*) miAWnom TPMOSI 21MM 71 lAW 77 MW 2LMI Q2JB —II OOSWf 30 MW 3) JAW 03 Fa &S 143 Mltftwm YIKW7 Otfß 07 FH lOFB 13FB
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  • THE BUSINESS TIMES Shipping Times
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      Lock icon The Business Times Shipping Guide Export
      5437 26 ETA ETA Advertiter Vowel Voyage Telephone SIN Desfn Mane Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 13/02 19*03 Delmas VERONIQUE DtLMAS 709W *****344 16/02 25/03 Delmas NALA DtLMAS 710W *****344 16/02 26/03 Delmas NALA DtLMAS 710W *****344 28/02 02/04 Delmas FLORA DtLMAS
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      411 26 IRISL, 9ih(B Ikirgmi) $to? Qfh® SftMdlM 3®&)# ®@6®(p{te 3G>ij)i)S]flft)®Slk2&£l GGH&s) ®Gt) QihlF&tygjih (bffld ®i} UGKslfllKlgJ @SX? fts> £?®/kM)<®/ [pefilAl&S ftjQ Ucfi&lKl (sJ3 W/&M1 (33 &£> (§oiJo§o z&miQtffas Sim tih® ikisifogQ Qwsimft) (tfm& o SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE AGENT IN MALAYSIA; ABBff W WPWfS*-.„, IRICI ACIA PTF ITn SINOSE
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      Lock icon Page 26 Advertisements Column 2
      352 26 aw —ySZrTwr .__fe asm ?10«! Hzg W7W FK WTAjj ws jj/oj u/07 mumbk iwii oi/fe oS/oS r*t wnw ;m* w/w ghgg iwh urn fuwra W7 -Sht TffitTT&lT Tm mar nTTsT SSh _„I!LULS— jg IfTiTsTB s!!ur lihtm 213 10/02 1 I *****" I I HtWWUHA IPHMI 18/ M |M/W I P7/03
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      Lock icon Page 26 Advertisements Column 3
      315 26 fife GLORY NAVIGATION GROUpI I( SINCE IVO I OWNS A OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING I THE ENTIRE ASIA PACIFIC PORTS I a REGULAR WIEKLY SCRVICIS: IKAOHSIUNO A CHINESE PORTS, HONG KONG TO* FROM I SOUTHEAST ASIA SMGAPORI HUP WOOH SHPFWG (S) FH
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  • EPICURE
    • Article
      Lock icon A cornucopia of wines
      1032 28  -  By N K YONG TOMORROW and Sunday, wine lovers in Singapore and around the region will put themselves through a marathon tasting of 75 wines from some of the best wine regions in Europe and Australia. In attendance to present their wines will be the owners,
      1,032 words
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      Lock icon Culinary roya Ity to hold court at Raffles Hotel
      759 28  -  Star chefs will grace the hotel's annual Wine, Food and Arts Experience, reports JAIME EE JAIME EE AS Hollywood celebrates its annual season of stars in the run-up to the Oscars, in Singapore a starry line-up of the culinary kind will
      759 words
  • Page 28 Advertisements
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      123 28 Diners Club A WorlJ of Exclusive Privileges Treats Diners Club «"«^Jm m •~.LW InlernaM flj^H^m^F'"l- >«&! 1 -PWl|®f w* JH BHRJ^SSEJ3E2[^^^^^^2^n^B| To Celebrate With Choose one item from our a HMg 3 HI €WytmiiFetorwttT»o7 for each occasion. by**Z^G/~~\^U£fl& E* ftftitrtwHiw it J 40 Holland Grove Rd. Tel: *****053 Chang Feng
      123 words
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  • CINEMA/ARTS
    • Article, Illustration
      Lock icon Scared witless all the way
      557 29  -  Forest Whitaker makes Idi Amin's reign of terror seem very immediate, says PARVATHI NAYAR PARVATHI NAYAR THE Last King of Scotland seems an unlikely title for a movie on Ugandan dictator Idi Amin, but was apparently one of the many, strange, re-al-life titles the late
      557 words
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      Lock icon Uneven treatment of potentially complex themes
      284 29  -  DVD By PARVATHI NAYAR THE second feature film from Dylan Kidd, P.S., is a postscript about the second chances that life throws up. A grown-up premise, but one treated with adolescent unevenness. Louise (Laura Linney) is the director of admissions at the School of
      284 words
    • Article
      Lock icon Gripping performances a joy to watch
      513 29  -  By JAIME EE ENNUI can, in a masochistic way, be a delightful state of mind in the way that a general sense of inertia grows into a state of melancholy and escalates into full-blown despair, to the point that salvation becomes a scary concept
      513 words
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      Lock icon Creative union of commercial and fine art
      726 29  -  By PARVATHI NAYAR FOR the first time since The Montblanc Young Artist World Patronage (YAWP) project was created in 2004, a Singaporean artist, Justin Lee, has been selected as one of the artists for 2007. Montblanc paid Lee the quirky sum of 2,007
      726 words
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      Lock icon Vincent Leow goes to Venice Biennale
      340 29  -  By PARVATHI NAYAR A SINGAPOREAN artist's participation in the Venice Biennale is being partially underwritten by a commercial art gallery for the first time: specifically, respected gallerist Chua Soo Bin, who is known for his appreciation of vanguard art, will be underwriting Vincent Leow's
      340 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      197 29 CRYPTIC CROSSWORD Not to problem accepting one (11) Manufacture damp courses? YESTERDAY'S SOLUTION DOWN (4-7) Across: 1 Worked up, 6 Preach, 9 2 Where one might advertise 14 Wool from fleece protects Madras, 10 National, 11 Relation, one's post? (8,6) sore finally (5) 12 Amends, 13 Roller-skates, 16 3 Eject
      197 words
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  • executive lifestyle
    • Article
      Lock icon Are you a Flippee, Floppee or Fluppee?
      595 30  -  off the cuff jaime ee N CASE you haven't noticed, the social and class structure of Singapore is changing. It used to be a lot easier to classify people according to whether they were cosmopolitans or heartlanders, rich, poor or middle-class sandwiches, or
      595 words
    • Article, Illustration
      Lock icon SHAPING THE ARTS LANDSCAPE
      1389 30  -  Singapore's corporate sector shares with PARVATHINAYAR how a sustained, long-term sponsorship of the arts can build vibrancy in Singapore PARVATHI NAYAR IN the last 20 years, ExxonMobil has contributed over $8 million to the arts in Singapore, which includes support for the Singapore Arts Festival since
      1,389 words
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