The Business Times, 10 February 2007

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Total Pages: 20
1 20 The Business Times

  • TOP STORIES
    • 637 2  -  Business space in Jurong East, Paya Lebar, Woodlands to be increased By ARTHUR SIM [SINGAPORE] The Urban Redevelopment Authority (URA) is planning to activate more development sites at Marina Bay, while increasing space for business in Jurong East, Paya Lebar and
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    • 529 2 They will feast on caviar, truffles and vintage wine AFP [BANGKOK] Some of the world's finest chefs are putting the final touches to a feast of caviar, truffles and vintage wine this weekend in Bangkok that at U5529,000 a head is strictly for
      AFP  -  529 words
    • 345 2 [SINGAPORE! The chapter has not closed for the Genting group over earlier reports that Macau casino kingpin Stanley Ho is buying into its Sentosa integrated resort and casino project. "The Casino Regulation Division is seeking clarification from Star Cruises/Genting International
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    • 561 2 Market cheers cut in core capital ratio for banks THE market has welcomed the move by the Monetary Authority of Singapore to reduce the core capital adequacy ratio (CAR) requirement for banks, amid hopes it could lead to more dividend payouts for shareholders. The changes to CAR will
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    • 639 2  -  By THE BUISNESS TIMES SHIPPING GUIDE EXPORT KUPPUSAMY [SINGAPORE] Two Singapore organisations have downplayed an international report which suggests that Singaporeans lack entrepreneurial drive. Action Community for Entrepreneurship (ACE) and the National University of Singapore's Entrepreneurship Centre (NEC) were quick to say that there
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    • 139 2 STI 3,220.89 (+3.13) ST INDEX FUTURES 3,224.00 (+3.00) SIMSCI 393.83 (+0.67) SIMSCI FUTURES 394.10 (+0.70) MARKETS Friday Change KICOMP 1,240.87 -7 96 NIKKEI 225 17,504.33 +***** HANG SENG 20,677.66 -57.39 SET INDEX 695.27 -+3.99 JAKARTACOMP 1,740.32 -11.00 MANILA COMP 3,245.81 +49.73 SEOUL COMP 1.427.68 +4.10 SHENZHEN 8 498.57
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  • Page 2 Advertisements
    • 29 2 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http://business-times.asial .com.sg. For more information, e-mail btocs@sph.com.sg orcall 6388-3838.
      29 words

  • RAFFLES CONVERSATION
    • 2729 3 Masahiro Kawai, dean of the Asian Development Bank Institute, talks to ANTHONY ROWLEY about the challenge of bringing together a highly diverse group of Asian nations to form a coherent economic community SOME might have thought that Masahiro Kawai had become "yesterday's man" after the idea
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  • Page 3 Advertisements
    • 65 3 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels and Resorts. The Traveller's Palm in I j t the Raffles Hotels and Resorts logo is an apt I I I symbol. Not only has water stored at the base .A. G palm provided sustenance, the
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  • COMPANY NEWS
    • 505 4  -  STOCKS R SIVANITHY Senior Correspondent STOCK market players seem to be alternating between blue chips one week, then second liners the next. Two weeks ago, blue chips held sway as players bought into the "pre-Budget, pre-Chinese New Year" rally story. The
      505 words
    • 637 4  -  Move sparks hopes for more dividend payouts for shareholders By WONG WEI KONG THE market has welcomed the move by the Monetary Authority of Singapore to reduce the core capital adequacy ratio (CAR) requirement for banks, amid hopes it could lead
      637 words
    • 544 4  -  SIA Engg's profit up 4.1%; SATS profit rises 1.6% By WONG WEI KONG SINGAPORE Airlines (SIA) has posted a 48.6 per cent rise in third-quarter net profit to $589 million from a year agov-booated by one-off gain of $198 million from the sale
      REUTERS  -  544 words
    • 462 5  -  By ANGELA TAN RAFFLES Education Corporation is taking a major stake in Easycall that will be just a shade below the mandatory takeover trigger point. In a subscription deal that sent shares of Easycall soaring 41 cents, or nearly 155 per cent, to 67.5
      462 words
    • 471 5  -  For three months ended December, revenue jumps 15.2% to $1.1b By CHEN HUIFEN BUOYED by strong performance in its property business, Fraser Neave yesterday posted an 11.6 per cent jump in its first-quar-ter earnings, generating $76.6 million in profit attributable to shareholders. Before
      471 words
    • 350 5  -  They have signed MOU and submitted response to IDA By ROLAND LIM MOBILEONE Ltd (Ml) announced yesterday that it has partnered Hong Kong Broadband Network Ltd (HKBN) to bid for the Singapore government's new broadband network project. In a statement
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  • Page 4 Advertisements
    • 1299 4 TRANSVIEW HOLDINGS LIMITED (Company Registration No.: *****2905Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING T',< 3*" tk. NOTICE IS HEREBY GIVEN that the Annual General Meeting of Transview Holdings Limited ("the Company") will be held at Event Facilities B, Level 3. Singapore Polytechnic Graduates' Guild, 1010
      1,299 words
    • 750 4 I——————l IN THE MATTER OF NOTICE TO CREDITORS AND THE COMPANIES ACT, CAP. 50 CONTRISUTORIES OF INTENTION £V\ IN THE MATTE* OF TO APPIY FOR RELEASE MYANMAR PILING PTE LTD yWmrMj HUA ANN BROTHERS PTE LTD CO. REG. NO. *****2516H VMR' (IN LIQUIDATION) 0" Members' Voluntary Liquidation) COMPANY REGISTRATION NO.
      750 words

  • Page 5 Advertisements
    • 27 5 Cap/taLand Cap/taLand Cap/taLand Cap/taLand Cap£taLand CapftaMall CaggaCommefciai A s^n r r i Retail ILEC A^CP. TT Trust Trust Cap/taßetail QtuavCap/ta www.capitaland.com AUSTRALAND China Trust Trust BUILDING PEOPLE
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  • PERSONAL INVESTMENT
    • Article, Illustration
      931 6  -  Compiled by MATTHEW PHAN Suntec Reit Feb 9 close: $1.92 CITIGROUP RESEARCH, Feb 8 MARKET under-estimating rental reversions: About 55 per cent of the Suntec City office space is due for renewal in FYOB and FYO9 with another 41 per cent in FYO9. The expiring leases average around
      Source: Bloomberg  -  931 words
    • 1039 6 For week beginning Feb 5 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS SufaufttUI luy No of Pike SHAREHOLDING Tram SkarabaMatl Sw Stum Nr Before Aftat Slot> Date Director Com OOP ShrS I 000' COOP) United Envirotech 9-Feb-07 World Water PI Buy *9650 0 27 0 0 00 ***** 14.99 Friven
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    • 1209 6  -  SHOW ME THE MONEY TEH HOOI UNG Senior Correspondent IN JUST three short months, one man has "created" a whopping $1.3 billion from the market through his corporate activities. That man is Chew Hua Seng, executive chairman and chief executive of Raffles Education Corp (REC).
      Source: Bloomberg  -  1,209 words
  • Page 6 Advertisements

  • COMPANY NEWS
    • 424 7  -  By BENITA AW YEONG BARELY three years after Courts ventured into northeast Thailand, the furniture and household goods retailer is set to make an exit. From next month, Courts will consolidate business in the south of Thailand. It will close all but six
      FILE PHOTO  -  424 words
    • 369 7  -  Upgrading will raise capacity for output of 'green' gasoline, diesel By RONNIE LIM SINGAPORE Refining Company a joint venture oil refinery equally owned by Singapore Petroleum Company and Caltex looks set to finally start construction of its clean motor fuels
      369 words
    • 497 7 Fu Yu Corp expects to report loss over doubtful debts FU YU Corporation issued a warning that it expects to report a loss for fourth-quarter and full-year 2006 due to additional allowance for doubtful debts and stocks obsolescence made for its China subsidiaries in Q4. Asia Enterprise posts
      497 words
    • 334 7  -  Surge also in revenue contributions from M'sia and S'pore By OH BOON PING CEREBOS Pacific yesterday reported higher first-quar-ter earnings, with the key Thailand market generating higher sales in spite of political uncertainties there. For the three months to Dec
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    • 259 7  -  By VINCENT WEE OVERSEA-CHINESE Banking Corporation (OCBC) yesterday introduced a new home loan that will be tied to the Singapore-dollar swap-offer rate. Property borrowers can choose from one of three swap-offer rates to peg their interest rate to. The flexibility to choose from the
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    • 385 7  -  By JANICE HENG RAFFLES Medical Group's profit for last year surged 31 per cent, fuelling of the group's directors, who are looking to expand into China and the Middle East. Yesterday, the group reported an after-tax profit of $15.77 million, up 31
      FILE PHOTO  -  385 words
  • Page 7 Advertisements

  • SINGAPORE NEWS
    • 875 8  -  But potential en bloc sellers remain upbeat due to positive outlook By KALPANA RASHIWALA DEVELOPMENT charges (DC), which may be incurred when a site is built on more intensively, are headed for another round of increases come March 1, potentially pushing up the breakeven
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    • 7654 8 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Stat Europe Eqty 1 1 074/ Star Europe Bond 1 172/ Stat Europe Bal 1.233/ Stac Asian Tiqe< Eqty 1 344/ Stat Asia Bond 131V Stat Asia Balanced 1 108/ Star Global Technology Fund'" 0214/ Mutt) StFd 0 979/ Stat Asia Bond/USD)
      7,654 words
    • 333 9 CHARITY donors will soon be able to check fund raising permits and charities registration via SMS, the mobile phone text messaging service. This is part of a new service including a web portal giving users one-stop access to charity organisations in Singapore launched yesterday
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    • 452 9  -  He also says govt will help bear the higher cost for public projects By ARTHUR SIM THE Housing and Development Board (HDB) can cut the use of sand for construction by as much as 20-30 per cent, National Development Minister Mah
      THEN CHIH WEY/LIANHE ZAOBAO  -  452 words
    • 403 9  -  By CHEN HUIFEN THE rosy economic outlook is expected to flow through to the insurance industry this year, after it recorded strong 23 per cent growth in sales to $7.5 billion last year. "The LIA (Life Insurance Association) thinks that 2007 remains bullish," LIA
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    • 148 9 THE National Kidney Foundation (NKF) has found two cases of illegal use of its name to solicit for donations. The two cases were reported in Clementi and in Jurong East. The NKF has confirmed that it is currently not conducting any
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    • 217 9 US COMPUTER animation and programming school DigiPen Institute of Technology launched its first Asian campus in Singapore yesterday. The campus will be the first in Singapore to offer specialised degree-lev-el courses in games development and is aimed at growing regional interest in digital animation
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    • 375 9  -  By VINCENT WEE SINGAPORE needs to change tack twice if its yachting industry is to grow. First, improve the service side of the business so more boats make pit stops here. And second, boost its attractiveness as a destination or jumping-off point
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    • 255 9 SPH launches new subscription website SINGAPORE Press Holdings (SPH) yesterday launched a new website to provide a one-stop service for readers to subscribe to all its newspapers, magazines, as well as online and mobile news services. The website, www. sphsubscription. com.sg, will function round the clock, adding to
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  • Page 8 Advertisements


  • MALAYSIA
    • 405 10  -  Consortium says it's prepared to put in attractive bid for power firm Transco By AL LABITA in Manila A CONSORTIUM backed by Malaysia's Tenaga Nasional Bhd is keen on putting in a competitive bid should the Philippine government put a state-owned
      405 words
    • 7481 10 Transaction date: Feb 9 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap tigh Low Code Company Sale COOO) High Low Buyer Seller Cvr fit SmM it? 6 3' 7 i +f? i6«6 n.j 10 11 n.s 4.9 1.7 n.« 527 ft ttssm==% 3 ST 27
      7,481 words
    • 374 10 [KUALA LUMPUR] Tyccon Quek Leng Chan has emerged as a substantial shareholder in Multi-Pur-pose Holdings Bhd (MPHB), according to Malaysia's Business Times. The financial daily reported that the owner of the Hong Leong group has bought almost a tenth of MPHB from gaming
      APPLE DAILY  -  374 words
    • 249 10 Bloomberg [KUALA LUMPUR] Malaysia's government, which last week threatened to suspend trade talks with the US, said an agreement won't be reached any time soon, signalling US officials may struggle to get an accord through Congress by July. Malaysia's trade minister said yesterday
      Bloomberg  -  249 words

  • INDONESIA
    • 405 11  -  Reasons include overall cellular penetration rate set to top 110 m in next five years By LAUREL TEO ANALYSTS say SK Telecom could launch a second attempt to take up a stake in an Indonesian mobile phone operator, even though
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    • 5755 11 Transaction Date: Feb 9 MOST ACTIVE STOCKS VOLUME VALUE SingTel 94.604,000 SingTel 322.7S6.110 P.neAaf.tech 84,460,000 DBS Grp 155.430.513 China farm 71,609,000 UOB 114,617,400 Oakwell Enqq 70.788.000 OCBC Bk 105,172.217 Easycall 67.619.000 Keppel Corp 77,777,260 SunVic 51.383.000 China Farm 71.265.320 Gen Intl 47.108.000 PineAqritech 57.774,300 Lonqcheer 46.161.000 CapitaLand 57.642,530 OCBC
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    • 101 11 Berna ma [JAKARTA] Indonesia's National Development Planning Board (Bappenas) said that based on provisional calculations, economic, losses caused by floods early in February had increased to 4.3 trillion rupiah (***** million). "At first, we estimated the losses mostly from damage to
      Berna ma  -  101 words

  • GREATER CHINA
    • 396 12 Reuters [SHANGHAI] Ping An Insurance (Group) is set to raise as much as 38.9 billion yuan (S$7.8 billion) in the second largest initial public offer on China's domestic stock markets. The country's second biggest life insurer, 19.9 per cent owned by
      Reuters  -  396 words
    • 600 12  -  Demand for planes rises as China's wealth and trade links with HK grow By JANE MOIR in Hong Kong PRIVATE jet manufacturers taking part in a Hong Kong trade fair this week are facing two major growth constraints in
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    • 37 12 [HONG KONG]Models showing the hairstyles named 'Great Wall'and 'Bicycle'during a hairstyle show in Hong Kong on Thursday. The event, featuring famous buildings and sports items, was held to welcome the upcoming Spring Festival. PHOTOS: AP
      PHOTOS: AP  -  37 words
    • 395 12 Returns still more attractive than overseas: experts [BEIJING] Despite recent austerity measures implemented by the central government, property markets in China's second- and third-tier cities will continue to boom this year as foreign investors still find the higher
      395 words
    • 287 12 Changes to laws could spark deals worth billions Reuters [HONG KONG] Chinese moves to allow insurance firms to invest in property could unleash billions of dollars in deals for commercial buildings and embolden developers and foreign investors who hanker for a more
      Reuters  -  287 words
    • BRIEFLY ASIA
      • 104 12 Bloomberg [HONG KONG] Hong Kong's home sales are "just chugging along", said Ronnie Chan, chairman of Hang Lung Properties, the city's third-largest developer by market value. Hang Lung will wait for "a better time" before resuming sales of apartments in three projects. Mr Chan said
        Bloomberg  -  104 words
      • 22 12 AP [TAIPEI] Taiwan Semiconductor Manufacturing Co, the world's biggest contract chipmaker by revenue,said yesterday
        AP  -  22 words
      • 71 12 Bloomberg [KUALA LUMPUR] Malaysia's exports grew less than expected in December as overseas demand for its products faltered amid easing US growth. Shipments rose 6.2 per cent from a year earlier to RM52.5 billion (Ss23 billion), following a revised 18.4 per cent gain
        Bloomberg  -  71 words
    • 394 12 While many welcome China's aid, some voice disquiet about its intentions AFP [HANOI] China's big spending in Africa has drawn a mixed response at a global aid meeting in Vietnam, where many welcomed the giant's new role on the continent
      AFP  -  394 words

  • INDIA
    • 432 13 Public complaints mount as foodstuff prices also shoot up Reuters [NEW DELHI] The chatter among stall holders and customers at a market in India's capital may seem mundane, but its subject could send shivers up politicians who remember toppled governments,
      Reuters; AFP  -  432 words
    • 247 13 The Economic Times [NEW DELHI] The Department of Telecom has sought the Telecom Commission's nod to impose a combined fine of over four billion rupees on seven telecoms companies for failing to fulfil their roll-out obligations. According to DOT, the companies,
      The Economic Times  -  247 words
    • 512 13  -  By SIDDHARTH SRIVASTAVA in New Delhi INDIA'S state-owned oil refineries are to receive a 500 billion rupee (Ssl7 billion) upgrading, as part of efforts to turn the country into a net exporter of refined fuel. The Indian government is planning to expand
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    • 463 13 Shares of Unitech and Anant Raj down by at least 5% since peaks at end-2006 Bloomberg [MUMBAI] Shares of Unitech Ltd India's largest real-estate developer by market value soared 26,869 per cent during the past three years. Anant Raj Industries Ltd, a competitor,
      Bloomberg  -  463 words
    • 2540 13 VOL Feb J *M *b C000) ASM Realty 1.42 -0 08 56 AbocBhd .0.38 0 03 271 Acp Industries... 1.74 -0.02 1086 Advance Synergy .031 -0.01 ***** AdventaBhd .0.82 0.01 265 Ae Mutti Hldgs .0.39 0.01 542 Affin Holdings .2.38 -0.12 ***** Ahmad Zaki Resou 2.61 0.01 53
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  • Page 13 Advertisements

  • ASIA-PACIFIC/WORLD
    • 502 14 Shareholders must decide whether to take Nasdaq's £2.7b hostile offer AP Bloomberg [LONDON] The battle between the London Stock Exchange and the Nasdaq Stock Market for control of the British bourse reaches a climax today with the deadline for shareholders to accept the Nasdaq's
      AP Bloomberg  -  502 words
    • 478 14  -  Move aimed to 'eradicate wrongdoings in the past' By OUR CORRESPONDENT in Bangkok THAI telecom operators are going to be asked to sign new concession agreements soon and could risk losing their licences if they do not agree to the new
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    • 131 14 AFP [BANGKOK] Thailand's gleaming new Suvarnabhumi Airport has "critical" problems that need urgent attention, the head of a government-appointed safety panel said yesterday. The panel has identified 60 problems at the four-month-old airport, including 30 that are considered "high-risk", said Tortrakul Yommanak,
      AFP  -  131 words
    • 271 14 Bloomberg [NEW YORKI News Corp will start its business news cable-television channel in the fourth quarter to compete with CNBC. Roger Ailes, chairman and chief executive officer of Fox News, will develop and oversee Fox Business Channel, News Corp said on Thursday. News
      Bloomberg  -  271 words
    • 267 14 Bloomberg [LONDON] Francis Bacon, a one-time interior designer from Dublin, became the second most expensive post-war artist after Willem de Kooning last night at Christie's International in London, the auction house said. One of Bacon's 50 paintings of Pope Innocent X sold for £14
      Bloomberg; BLOOMBERG  -  267 words
    • 304 14 AP [HOLLYWOOD, Florida] Anna Nicole Smith, the voluptuous former Playboy centrefold who married an octogenarian billionaire and waged a legal battle for his fortune all the way to the US Supreme Court, died on Thursday after collapsing in a hotel. She was
      AP; REUTERS  -  304 words
    • WORLD WATCH

  • MOTORING
    • 774 15  -  The R8 plugs a strategic gap in the premium manufacturer's line-up and gives the fast-growing brand an image boost, says SAMUEL EE SAMUEL EE WHEN illuminated, the Audi RB's tail lamps look like a pair of double quotation marks enclosing the marque's four-ring symbol on the rear
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    • Article, Illustration
      430 15  -  By SAMUEL EE IS the Audi R8 about style or substance? The carmaker says it's a bit of both, actually. The R8 is intended to burnish the German carmaker's image and raise it to an even more premium level. But looking at its "supercar" styling and overt design
      430 words
    • 735 15  -  BENJAMIN NG THE annual Tokyo Auto Salon in early January used to come and go unappreciated by many of Japan's carmakers. But in recent years, this glamorous auto accessory show has gained relevance because of the increasing importance of addons and personalisation to Japanese car buyers, and
      735 words

  • GOLF
    • 1285 16  -  JUSTINE MOSS looks at the favourite pastimes of well-known golfers, most of whom prefer to switch off from the game while holidaying JUSTINE MOSS ■ft JB OST profes--1% Mm sional sports I I people dedicate m 1 a major chunk I I I of their lives to
      REUTERS  -  1,285 words
  • Page 16 Advertisements
    • 252 16 wine&dine withweekendßT Ah Hoi's Kitchen Poolside, Traders Hotel (above Tanglin Mall) TeL- *****373 Book ahead for lunar New Year hostings at Mi Hoi's Kitchen (5 Feb-4 Mar). Sumptuous set menus and a i] traditional festive a la carte menu awaits. Valentine's set menus for two with natural twinkling stars overhead
      252 words
    • 209 16 heritage building, brings you back to a more elegant era at $15.80+++ (adult) and $7.9o+++ (child). I LeVigne 40 Holland Grove Road. Tel: 6462 0053 A selection that caters to newcomers and connoisseurs alike at prices to match all budgets. Wines for parties, weddings, gifts or for pure enjoyment In
      209 words
    • 180 16 Try Skylight Cafe's weekly lunch special of chicken cordon bleu supreme or katsu don at $7.50 nett inclusive of a cup of coffee/tea/soft drink. Kopl Ham, Swissotel The Stamford 2 Stamford Road, TeL 6431 6156 Please your tastebuds with a delectable spread of four exciting fish head (fishes such as
      180 words
    • 187 16 pepper. Available for lunch and dinner at $4+++ a piece. i Ristorante Bologna 6 Raffles Boulevard, Marina Mandarin Singapore, Level 4. TeL *****111 Sample authentic Italian fare at Ristorante Bologna, one of the very first Italian restaurants to open in Singapore and still standing after 18 years. Ivory The Indian
      187 words

  • WELLNESS
    • 680 17 VILLA RAINTREE SPA LABRADOR 30 Labrador Villa Road, Labrador Nature Reserve. Tel: 6532 1155 IF YOU really want to have a spa holiday to get away from it all, but (a) didn't plan ahead and now all flights to Bali or Chiangmai are full
      680 words
    • 531 17  -  February being the month of love, there's no better time for couples to go for together-treatments. CHEAH UI-HOON checks out two new and newly-revamped spas in town, and one get-away destination where couples can sail to a spa holiday CHEAH UI-HOON ST GREGORY Parkroyal on
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    • Drift off to a realm of relaxation
      • 107 17 At the spa, it's a complete Indonesian experience, and the spa's treatments feature native ingredients like flowers and fruits-all natural goodness. and a 30-minute Indian head massage. Customers are also asked to arrive early just to ease into the session, and the 210-minute package also includes an additional 30t minute
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  • Page 17 Miscellaneous
    • 360 17 CRYPTIC CROSSWORD 4 Have a rest, being terribly idle ACROSS now (3 4) 1 After food we will give a final g Fourth-rate in subject but message (8) having possibility of improve--5 Vehicle with black on soot? ment (9) (6) 7 Country pub not good, noth--9 Plant available from dale
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  • SHOPPING
    • 808 18  -  Flowers, chocolates and a romantic, candlelit dinner are all good and very well on Valentine's Day. But can you argue against a thoughtfully chosen gift? We think not. So CORINNE KERK has looked at times had a good laugh and now brings you a selection of His
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  • PERSONAL SPACE
    • 1010 19  -  Veronica Moore banks on her rich experience of changing houses and countries many times since leaving her native Malta to soothe newbie expats' house-hunting woes, says GEOFFREY EU GEOFFREY EU LIVING in Singapore has been a moving experience for Veronica Moore literally, that
      PHOTOS BY ARTHUR LEE  -  1,010 words

  • THE BUISNESS TIMES weekend
    • 2225 20  -  Chinese New Year may be all about tradition, but sometimes, there's only so much of it you can take. This year, you may find yourself enjoying reunion dinner in a modern European restaurant, digging into a French-style Buddha Jumps Over the Wall or whacking your way
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