The Business Times, 3 February 2007

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Total Pages: 20
1 20 The Business Times
  • 26 1 THE BUSINESS TIMES weekend JF A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SINGAPORE B5 cents online at http://business tiroes.asta 1 ,coro .9 February 3-4, 2007
    26 words
  • 687 1  -  In the past 15 years, money surges have usually led stock moves by about 2 months By TEH HOOI LING [SINGAPORE] Investors wondering what is fuelling the record-breaking run of the Straits Times Index (STI) need look no further. Money supply numbers released
    Source: Compiled by BT with data from MAS  -  687 words
  • 141 1 Dsn 3,217.68 (+49.58) ST INDEX FUTURES 3,224.00 (+49.00) siMsa 393.52 (+8.33) SIMSa FUTURES 395.60 (+9.40) MARKETS Friday Change O.COMP 1.209 48 +20.13 NIKKEI 22S 17.S47.11 +27.61 HANG SENG 20.563 68 +133 52 SET INDEX 670.60 +13.60 JAKARTA COMP 1.780.38 +9.1 MANILA COMP 3,269.18 +23.92 SEOUL COMP 1.413.14 +30.24
    141 words
  • 422 1  -  By ARTHUR SIM [SINGAPORE] If anyone needs another excuse to jump into the property market, real estate consultancy ERA Singapore says it will buy your property if it fails to sell it within three months for 90 per cent of the
    FILE PHOTO  -  422 words
  • 597 1 Shin Corp unit may have to pay higher concession fees for prepaid subscribers if review occurs By OUR CORRESPONDENT in Bangkok EVERY Thai telecoms contract is to be revised, Sitthichai Pokai-udom, the country's Minister for Information and Technology, told a seminar yesterday
    597 words
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  • TOP STORIES
    • 560 2  -  Ethics, integrity most desired leadership traits, poll shows By CHUANG PECK MING [SINGAPORE] Most senior executives think women can make good bosses, though a sizable number reckon men are more natural at it, a poll by the Singapore Human Resources
      Sourer Singapore Human Resources Institute  -  560 words
    • 562 2  -  By ANNA TEO [SINGAPORE] Singapore's per capita gross domestic product (GDP) would have crossed US$3O,OOO for the first time in 2006, edging it closer to OECD highincome average levels. While official full-year economic data has not been released, the Singapore economy is widely expected
      FILE PHOTO  -  562 words
    • 501 2  -  By SIOW LI SEN [SINGAPORE] ÜBS has sent its vice-chairman of global wealth management to Singapore, in a relocation which reflects the increasing importance and strategic focus of the Asia-Pacific region for the world's largest private bank. Aspiring millionaires here can also
      501 words
    • 659 2 Stanley Ho won't have stake in Sentosa IR MACAU casino tycoon Stanley Ho will not have an interest in Genting International's gaming resort on Sentosa island, a resort spokesman said yesterday. Jackson Loy, assistant director for communications for Resorts World Sentosa, was reacting to reports that Genting was
      659 words
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  • RAFFLES CONVERSATION
    • 1861 3 Egon Zehnder's culture is clients first, colleagues second and yourself third, its chief tells ANNA TEO ITS corporate culture is so unusual it has been the subject of three Harvard Business School case studies. Indeed, Harvard's hard-nosed students could scarcely believe that a firm such as
      YEN MENG JIIN  -  1,861 words
    • 531 3 JOHN Grumbar may be both chairman and CEO of his firm, but fundamentally he thinks it makes more sense to split the two roles. "You were asking where I came down on the argument. I think it depends on the
      531 words
    • 1117 3 MORE organisations are coming around to the view that human capital offers the biggest opportunity for competitive advantage, says John Grumbar. "And equally, you pay the highest price if you get it wrong." And the scarcity of talent prevails across all levels, from entry ranks to
      1,117 words
  • Page 3 Advertisements
    • 61 3 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels and Resorts. The Traveller's Palm in the Raffles Hotels and Resorts logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in
      61 words

  • COMPANY NEWS
    • 341 4 SINGAPORE Press Holdings' efforts to improve its online offerings have paid off, with the media group clinching seven awards at the second Hitwise Online Performance Awards held last night. The winners were selected by Hitwise, an online measurement company which monitors over 800,000
      341 words
    • 311 4  -  By TAMARA MOHANAN KUPPUSAMY SINGAPORE Technologies Electronics has won a $68.5 million contract from Marubeni Corporation to design and install a communications system for an MRT line that will serve Taiwan's Taoyuan International Airport. ST Electronics said it will complete its work
      311 words
    • 428 4 Resort spokesman refutes reports that Genting plans to let Mr Ho have a stake AFP (SINGAPORE] Macau casino tycoon Stanley Ho will not have an interest in Genting International's gaming resort on Sentosa island, a resort spokesman said yesterday. Jackson Loy, assistant
      AFP; FILE PHOTO  -  428 words
    • 277 4  -  By UMA SHANKARI WHEELOCK Properties yesterday said that it has awarded a $168 million main contract for the construction of its retail-cum-residential development Scotts Square to Shimizu Corporation of Japan. Construction work is expected to begin in the third quarter of
      277 words
    • 475 4  -  STOCKS R SIVANITHY Senior Correspondent LAST week's column focused exclusively on one theme, namely that investors should forget about small caps and second liners and stick to blue chips, preferably the large index components or perhaps the Straits Times Index exchange traded fund. Had
      475 words
    • 608 4 [SINGAPORE] China Wheel Holdings, which makes wheel rims for auto firms such as Nissan and Toyota, said yesterday that it expects revenue to more than double by 2010 as new capacity comes on stream and more Chinese buy cars. Hebei-based China Wheel is set
      608 words
    • 326 5 Reuters [SINGAPORE] Units ill City Spring Infrastructure Trust, backed by Temasek Holdings, are likely to be priced at the top end of the indicative range, valuing the offer at $286 million, a source involved in the deal said yesterday. The
      Reuters  -  326 words
    • 585 5  -  Strong results were led by Datacraft's services business which grew 13% By AMITROY CHOUDHURY NETWORKING specialist Datacraft Asia reported a 47 per cent rise in net profit for its first quarter ended Dec 31, 2006. Ql earnings of US$6.2 million, up from
      585 words
    • 390 5  -  By JANICE HENG MEDICAL equipment manufacturer Sunray Holdings has warned of lower sales and net profit for its financial third quarter ended December 2006. It said the operating environment during the quarter remained challenging. The group will re-evalu-ate and fine-tune its marketing
      390 words
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  • Page 5 Advertisements
    • 47 5 T* 17 August 1969 1 October 1977 30July 2003 The Woodstock Festival ends. Pele hangs up his boots. The last VW Beetle rolls off the line. I Some things leave our lives dull and bland with their passing. Such an event will arrive this February. i V
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  • PERSONAL INVESTMENT
    • 1053 6  -  Compiled by UMA SHANKARI Keppel Land Feb 2 close: $7.90 MERRILL LYNCH, Feb 1 SUSTAINED, strong growth in asset values earnings seen: We are upgrading our rating on Keppel Land to "buy" from "neutral", and set our price objective at $9.25/ share 20 per cent premium to revalued
      1,053 words
    • 1018 6 For week beginning Jan 29 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS StfbtMtW »uv Mo of Mc* SHAREHOLDING Tram SharafcoMWl Shares Per Ww; Aftw imt Oat« Director Cowv MO Shr S (000) 01X11 LianBengGip 2Fet>07 Estate of Orw Sek Chooq -Sell ***** na *****2 43 27 *****2 29 42 Uan
      1,018 words
    • 1242 6  -  SHOW ME THE MONEY TEH HOOI LING Senior Correspondent AT THE Investment Management Association of Singapore's eighth annual conference two weeks back, where the top brains in Singapore's fund management industry gathered, someone raised the question of the transaction costs of buying into
      BLOOMBERG  -  1,242 words
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  • COMPANY NEWS
    • 415 7  -  Expenses relating to uncompleted RTO of Full Fortune affect earnings By WONG WEI KONG TASTYFOOD Holdings has sunk into the red for the half year ended December 2006, hit by expenses relating to an uncompleted reverse takeover (RTO). The company suffered a net
      FILE PHOTO  -  415 words
    • 400 7  -  By BENITA AW YEONG KODA Ltd's largest shareholder T K Koh and members of his family have placed out 8.85 million vendor shares representing a stake of 7.9 per cent in the furniture maker. Gross proceeds totalled about $6.5 million. The shares
      400 words
    • 700 7 CapitaLand CEO exercises options CAPITALAND president and CEO Liew Mun Leong exercised options for a total of 1.8 million shares in the company at an average price of $1.67 per share on Feb 1. This has given him a direct stake of0.065 per cent in the group. His
      700 words
  • Page 7 Advertisements
    • 518 7 I'iO 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 renowned vineyards and the art
      518 words

  • SINGAPORE NEWS
    • 311 8  -  By CHEN HUIFEN THE government will be setting up nationwide standards for the healthcare IT infrastructure in Singapore, according to the Ministry of Health's (MOH) Permanent Secretary Yong Ying-I. This is to allow patients' electronic medical records to be shared among all
      311 words
    • 504 8  -  He also encourages S'poreans not to be put off from giving to charities By DANIEL BUENAS A STEADY inflow of skilled and talented immigrants is crucial to Singapore's long-term prosperity, an issue which is particularly important as the country loses some of
      LIM SIN THAI/THE STRAITS TIMES  -  504 words
    • 2606 8 UNIT TRUSTS FUNDS s&Kssr.w is «s ,m ssL« Mn jg i3gj£j3Sw»»«H< SESKSS ,w acsssss* z*™« %RE=lu sfessis ass :Qf Eu*op» vjti 1U72' A8 Ame« income BEUK 66V Dtutsd* Awl Mat (AMe) fnfl SUtt-Ot lOOOflV** 1193i L*gg Ukt Asmt Bond riun ITtfl 1S7 SGAM Aatntftt unm W** OSOHfJj Wm3SGD 09*12/ 1hCflM
      2,606 words
    • 361 9  -  By JANICE HENG AFTER 46 days of court hearings spread over six months the three defendants in the Fusionpolis case have been acquitted, after specialist judge Tan Chee Meng decided that there was no case for their defence to be called. In April 2004, two
      361 words
    • 460 9  -  It's aimed at full transparency and consistency in rate changes in future By CONRAD TAN MAYBANK is introducing a single board rate for all its home loans in Singapore, as banks here look at more transparent ways to package their home loans
      460 words
    • 281 9  -  By TAMARA MOHANAN KUPPUSAMY beyond familiar frontiers," said Wang Look Fung, KepCorp general manager, corporate communications. At the Clipper recruitment talk yesterday, attended by about 100 people, crew members of the Clipper 05-06 race regaled the audience with stories of their
      YEN MENG JIIN  -  281 words
    • 379 9  -  By QUAH CHOON POH DESPITE a diplomatic spat, Thailand and Singapore are continuing to cooperate closely in major areas of common interest. Singapore's Ministry of Defence said yesterday the air forces of the two countries are taking part in a 12day
      379 words
    • 172 9 THE winners of the fourth annual HRM Awards were announced last evening at a gala dinner held at the Marina Mandarin Hotel. The awards, presented by HSBC Insurance Singapore, recognise the best in Singapore-based human resources (HR). with 15 award categories for both HR professionals and
      172 words
    • 230 9 HKR's Beaufort On Nassim unit crosses $3,200 psf mark HONG Kong-based developer HKR International said yesterday evening it has achieved a price of "over $3,200 psf' for a three-bedroom apartment in its freehold development, Beaufort On Nassim. The development has 30 units. COE for small cars sees slight
      230 words
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  • MALAYSIA
    • 2317 10 Transaction date: Feb 2 i-. a 4 a J ays. a *a .at. a. a ft ays. sn g ■a 41. a. <» a a tys. a-i; *s lit i g «gr-=* 9 ,s y ji M s $i fl 2 i gjgf g I .n 3 "i
      2,317 words
    • 414 10 Gas deal with Iran is none of Washington's business: Rafidah AP Bloomberg [KUALA LUMPUR] Malaysia has warned that it will drop free trade agreement (FTA) talks with the United States if it is asked to scrap a multi-billion-dollar gas deal with
      AP; Bloomberg  -  414 words
    • 311 10 Reuters [KUALA LUMPUR] Kuwait Finance House yesterday said negotiations to buy a stake in Malaysia's fourthlargest bank were at an early stage, playing down reports it planned to spend RM4.4 billion (Ssl.9 billion) on a deal. Malaysia's Business Times reported yesterday
      Reuters; FILE PHOTO  -  311 words
    • 328 10 Bloomberg Reuters [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia's biggest power producer, said it hasn't been asked to take a stake in the Bakun hydroelectric power project, denying a report in Malaysia's Business Times newspaper. Sime Darby Bhd will own a 60 per cent
      Bloomberg; Reuters  -  328 words

  • INDONESIA
    • 341 11 Officials cite strong demand for gas and non-oil commodities [JAKARTA] Indonesia's exports wrapped up 2006 on another record high, booking growth of nearly 20 per cent over the previous year to close at more than US$lOO billion for the first time
      341 words
    • 6672 11 Transaction Date: Feb 2 MOST ACTIVE STOCKS VOLUME VALUE (S) BanJoo 149.168.000 CapitaLand 178,447,978 PineAqritech 147,200,000 OCBC Bk 173,879,578 Lian Benq 110.277.000 UOB 158.410,898 Gen Intl 90.202.000 DBS Grp 156.3S3.9S8 MediaRinq 54.163.000 PineAqritech 92,103.765 'StarCruoes 52.217.000 Gen Intl 91.337,075 ChinaEntSp 49.532.000 SingTel 77.732.000 Union met 42.079.000 Keppel Corp 77,368.600
      6,672 words
    • 286 11 AP AFP [JAKARTA] Two days of severe rains caused the worst flooding in five years in the Indonesian capital yesterday, washing into thousands of homes and forcing residents to flee, witnesses and officials said. Filthy storm water inundated markets, hospitals and businesses as
      AP AFP  -  286 words

  • GREATER CHINA
    • 773 12 Reuters [SHANGHAI! Shares in China's mid-sized Industrial Bank, in which an investment vehicle of Singapore's GIC Special Investments has a stake, could jump about 60 per cent on their Shanghai debut on Monday after investors set aside US$l5O billion in a bet
      Reuters; Bloomberg  -  773 words
    • 592 12  -  Reports said he was in media merger talks with Tiong Hiew King By JANE MOIR in Hong Kong HONG Kong telecoms boss Richard Li has denied reports of a tie-up with Tiong Hiew King as the Malaysian timber tycoon expands his Chinese-language media
      AP  -  592 words
    • 438 12 AP [HONG KONG] HSBC, one of the world's biggest banks, helped screen large deposits of cash from North Korean customers for a Macau bank accused by Washington of helping Pyongyang distribute counterfeit money, a lawyer for the Macau bank told American investigators. The
      AP  -  438 words
    • 436 12 Reuters [SHANGHAI] Ping An Insurance (Group) Co, China's No 2 life insurer, kicked off what is expected to be China's second biggest domestic IPO yesterday, which analysts estimate will raise at least US$3.9 billion. Ping An, 19.9 per centowned by HSBC, started
      Reuters  -  436 words
    • 338 12 Reuters. Bloomberg [HONG KONG] Lenovo Group Ltd posted its strongest pace of quarterly earnings growth since it bought IBM's loss-making PC arm in 2005, as the world's No 3 PC maker cemented Asian market share and held costs down. Investors will be looking
      Reuters. Bloomberg  -  338 words
    • 190 12 Reuters [CHICAGO] The long-term shift in the US economy to services from manufacturing should not be blamed on pressure of competition from China and other trade partners, the top White House economic adviser said on Thursday. "The decline in manufacturing share (of
      Reuters  -  190 words
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  • India
    • 347 13 Foreign banks eye retail broking space in booming sector [MUMBAI] The Indian retail broking space is set to get livelier in the coming weeks, with three international banking majors Deutsche Bank, Standard Chartered Bank and ÜBS planning to enter the highpotential sector, says a report
      347 words
    • 636 13 36 Indian firms make it to top 100 list while US comes second with 32 The Economic Times [WASHINGTON] Indian firms topped the 2007 Global Services 100 list of the best IT and BPO companies in the world with 36 making
      The Economic Times  -  636 words
    • 714 13 Reuters [LONDON/NEW DELHI] India, the world's largest gold consumer, is set to join the small group of countries having exchange traded funds (ETFs). However, strong cultural affinity with physical bullion may deter investors. Such funds, trading on the world's major
      Reuters; AFP  -  714 words
    • 377 13 AFP [NEW DELHI] India's software and services exports could climb to US$75 billion by 2010 if they keep growing at over 30 per cent annually, the industry's top body said on Thursday. The National Association of Software and Services Companies, or Nasscom, said it
      AFP  -  377 words
    • 195 13 [MUMBAI] Community, one of the largest steel and metal industry unions in Europe, has signalled that it would oppose job cuts by Tata Steel at its newly acquired Anglo-Dutch steel company Corus Group, says a report in Business Standard. Analysts tracking Corus said
      195 words
    • 2340 13 ¥01 1m 0*0 ***** MagnaPrimaBhd .___1.43 unth 178 Osr Brands Bhd 3.44 0.04 6 r«62 W W> rtBt) Gtr»r*Corpn .jfcJf 0.02 315 Magni Tech mdus 084 003 88 HashidH,ssaW09 014 unch 3011 GcntmgVhd 3925 12S 2510 Magnum4DBhd inch unch 0 Rashid Hussa W07 0.01 unth HO ASM Realty
      2,340 words

  • ASIA-PACIFIC/WORLD
    • 653 14 Global temperatures may rise 1.1-6.4 deg C by end-century Bloomberg [PARIS] Global warming is "very likely" caused by humans, and temperatures and sea-levels will increase by the end of the century, the UN said yesterday in its most comprehensive report yet on climate
      Bloomberg; REUTERS  -  653 words
    • 512 14 Bloomberg [BANGKOK] Bangkok's four-month-old Suvarnabhumi airport "wasn't ready" to replace Don Muang, according to the president of operator Airports of Thailand. He resigned yesterday amid probes into taxiway cracks and construction flaws. "We really rushed construction to open it and it was not ready
      Bloomberg  -  512 words
    • 539 14 AP, Bloomberg [SYDNEY] The investor group led by Macquarie Bank trying to buy Qantas Airways made its formal pitch to shareholders yesterday. It urged them to accept the group's offer of Asll.l billion (5513.2 billion) and ruled out a price increase unless a rival emerges.
      AP, Bloomberg  -  539 words
    • 407 14 NYT [HOUSTON] ExxonMobil and Royal Dutch Shell left their smaller competitors in the dust and reported record annual profits on Thursday. By making US$lBO million a day between them, the two largest publicly traded oil companies displayed their ability to ramp up production worldwide
      NYT; BLOOMBERG  -  407 words
    • 408 14 LATEST US DATA AP [WASHINGTON] The US unemployment rate climbed to a four-month high of 4.6 per cent as somewhat wary employers added fewer new jobs in January. Wage gains were even more modest. The newest report on the economy, released yesterday by
      AP  -  408 words
    • 567 14 Washington Post [WASHINGTON] Saks Fifth Avenue wants to be square. That's the shape of the luxury department store's new logo, as well as everything from its gift cards to business cards. It is the basis of an extensive marketing campaign launched
      Washington Post  -  567 words

  • MOTORING
    • 838 15  -  Peninsula HK's love for Rolls-Royces goes beyond 1970, says SAMUEL EE SAMUEL EE THE story of how the Peninsula Hotel began its association with Rolls-Royce in 1970 is well-documented. But few know about the key role its owner played in the development of the ultraluxury marque
      838 words
    • 738 15  -  By EMILYN ANG IS BMW's art car exhibition a savvy marketing strategy or a visionary cultural investment? The BMW Art Car Collection spans over 30 years and consists of 16 cars with the work of nine artists across five continents. Together, they form
      738 words
    • 745 15  -  By GEOFFREY EU BMW may have got plenty of positive mileage from the evocative tagline "the ultimate driving machine" but it may be more appropriate to revert to the company's original German slogan Freude am Fahren, or Joy in Driving when referring to the new 3 Series
      745 words

  • GOLF
    • 1242 16  -  These are the attributes that Tiger Woods and Roger Federer show in the respective sport they dominate, reports JUSTINE MOSS JUSTINE MOSS FOR years, sports reporters and pundits, as well as sports fans, have been scrambling for different plaudits and superlatives to describe two sportsmen. The game
      PHOTOS: REUTERS. BLOOMBERG; FILE PHOTO  -  1,242 words
  • Page 16 Advertisements
    • 189 16 wine&dine with weekendßT Cafebiz Traders Hotel, Lobby level Tel: *****374 Celebrate Chinese New Year at Cafebiz (Feb 5 March 4). Don't forget Valentine's Day (Feb 9,loand 14). Cafebiz offers exotic Asian and local cuisine as well as tempting selections of global cuisine for buffet and a la carte dining. Specialties
      189 words
    • 377 16 excellent wines from Chile, the United States, New Zealand, Italy, South Africa and France, be sure to discover rising stars from Washington state, Portugal and India. Hotel Phoenix 277 Orchard Road. Tel 6233 6129 Takeaway traditional festive goodies and Yu Sheng are for grabs at The Food Shop complete with
      377 words
    • 161 16 fish head with spicy Szechuan sauce, at $48+++ each. Chatterbox 333 Orchard Road, Meritus Mandarin Singapore, South Tower Lobby, Tel: *****291 Enjoy awaitl-winning Mandarin Chicken Rice along with other lauded local favourites in an all-new presentation and ambience. Plaza Market Cafe Level 2, Rqffles The Plaza. Tel: 6431 6156 Savour
      161 words

  • WELLNESS
    • 1431 17  -  Chronic hepatitis B carriers can now have their condition monitored to ensure it doesn't lead to liver cancer. CHEAH UI-HOON reports CHEAH UI-HOON IF YOU could be vaccinated against cancer, wouldn't you want to get the vaccination at once? In fact, there are some cancers only
      1,431 words
    • 561 17  -  By CHEAH UI-HOON WHEN a facial treatment is designed to showcase a skincare brand's products, it had better be good. After all, it not only demonstrates the use and efficacy of the products but also reflects the brand's philosophy in so many ways. Which is
      561 words
  • Page 17 Miscellaneous
    • 301 17 CRYPTIC CROSSWORD A cc (4,2) At-KUib 4 s ee toper gain favour, re--1 Expect big firm to bring work- formed as very moral person er and head together (10) (7,2,6) 6 See drunkard outside front of 5 M OS t of the quarrel comes P u b W (< from
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  • SHOPPING
    • 854 18  -  If you love all things Asian, here's good news for you. Two stores have opened recently, one selling the Chinese qipao and the other lifestyle products for the home. CHEAH UI-HOON and CORINNE KERK check them out CHEAH UI-HOON and CORINNE KERK IF PEOPLE on
      854 words
    • 817 18 FOR the longest time, looking for affordable gifts with an Asian flavour can end up like a futile exercise in kitsch. In-your-face touristy products like chinoiserie tissue box covers, batik shirts, pashmina shawls of dubious quality and copycat SIA stewardess slippers do not a
      817 words
    • Article, Illustration
      572 18  -  Beatrix Ong is set to follow in the footsteps of famous shoe designer Jimmy Choo, reports CHEAH UI-HOON CHEAH UI-HOON SHE'S been dubbed the next Jimmy Choo in part, one suspects, because she's Asian, but more because she apprenticed under the famous shoe designer (now retired), went
      572 words

  • Article, Illustration
    1022 19  -  GEOFFREY EU drives through Wild Wild West circa 2007 and finds much to amuse and impress him GEOFFREY EU IN America, land of the free and home of the brave, every citizen is entitled to an opinion, and he's happy to let you know what it is whether you
    PHOTOS BY GEOFFREY EU  -  1,022 words

  • The Business Times weekend
    • 2378 20  -  JAIME EE talks to Chinese restaurateurs who may be small but who have nevertheless won a loyal following JAIME EE IN movie parlance, they would be known as the independents. Only this time, we're talking about Chinese restaurateurs. In a dining scene long dominated by the likes of
      YEN MENG JIIN  -  2,378 words
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