The Business Times, 15 February 2007

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 30
1 30 The Business Times
  • 20 1 THE BUSINESS TIMES online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Thursday, February 15,2007 SINGAPORE 85 c«ttr
    20 words
  • 806 1  -  Upgrading follows robust Q4 growth of 6.6% By ANNA TEO [SlNGAPOßE] Market forecasts of Singapore's 2007 economic growth are being jacked up, as economists take their cue from the government predictions of the economy growing by as much as 6.5 per cent this year.
    806 words
  • 122 1 [SINGAPORE] This year's Budget statement is to be delivered in Parliament today at 3.20pm by Second Minister for Finance Tharman Shanmugaratnam, the Finance Ministry announced yesterday. The Budget speech will be broadcast live on Channel News Asia, with Chinese translation in dual-sound mode, and on
    122 words
  • 834 1  -  CEO says drivers for sustainable growth are in place By KALPANA RASHIWALA [SINGAPORE] Capita Land has joined the ranks of the billion-dollar profit club which currently includes the likes of Singapore Telecommunications, Singapore Airlines, DBS, UOB and OCBC. Helped by a more than quadrupling in
    BLOOMBERG  -  834 words
  • Page 1 Advertisements
    • 13 1 M'SIAN STOCKS Revived interest inMesdaq page 13 8 ILL Markets Digest Page 2
      13 words
    • 22 1 IBM to widen services business in S'pore page 27 CHANGING JOBS Big pay hikes spur finance professionals to switch jobs page 2
      22 words
    • 49 1 OFFICE SPACE S'pore is 17th most expensive PAGE 29 GOOD CLASS BUNGALOWS H POISE. PERFORM^^HBJj|L^ K, A PROMISE BEYOND ALL OTHERS. B Hfck I I I V 4 i^m i 1 ~,r-mrr- B^H |H f|?!T:"- f ''-^gg^aga^ *-~.S r w jg* |H|V j 1 fPfWrS^aHM^Kvilli^^^H mi \u \X'<^gsißMl\YTuall^—l "-J^^i^^^^aai^^^Bl^^^j|^BBSßl
      49 words

  • TOP STORIES
    • 597 2  -  Banks gear up to tap growing wealth management market in region By WONG WEI KONG [SINGAPORE] Deutsche Bank has become the latest to make top private banking appointments here, reflecting Singapore's growing stature as a global wealth management hub. The German bank
      597 words
    • 533 2  -  By MATTHEW PHAN [SINGAPORE] It might be old news that a banking and finance boom is driving up wages of finance professionals in Singapore, but the numbers coming through continue to stagger. In front-office roles, candidates are now switching jobs on
      533 words
    • 134 2 sn 3,182.21 (+33.05) ST INDEX FUTURES 3.184.00 (+33.00) SIMSCI 388.53 (+4.45) SIMSO FUTURES 389.80 (+5.10) MARKETS Wednesday Change KLCOMP 1,245.64 +11.33 NIKKEI 225 17,752.64 +131.19 HANG SENG 20,209.91 +77.66 SET INDEX 697.84 +5.36 JAKARTA COMP 1,750.99 +23.63 MANILA COMP 3,300.94 +67.03 SEOUL COMP 1,436.10 +17.66 SHENZHEN B 522.12
      134 words
    • 464 2 SGX still in talks with BSE despite German win GERMANY'S Deutsche Boerse has won the race for a 5 per cent stake in the Bombay Stock Exchange. But the Singapore Exchange remains in talks to buy a similar stake. The 132-year-old BSE said yesterday Deutsche will pay 1.89
      464 words
    • 632 3  -  COMMENTARY Expect changes in CPF contribution rates in today's Budget By CHUANG PECK MING [SINGAPORE! The cut was not as deep as those in 1986 and 1998. But the changes to the Central Provident Fund (CPF) that came with the cut
      632 words
    • 719 3  -  Competition is good, but it is secondary to the need to maintain Singapore's air hub status By VEN SREENIVASAN RULINGS this week by the Competition Commission of Singapore (CCS) on the Orange-Star-Qantas operational merger and Qantas-British Airways (BA) collaboration make for interesting speculation. On
      AP  -  719 words
  • Page 2 Advertisements
    • 500 2 Celebrate our 20th Birthday! j BIRTHDAY CTIPCAkI lIIKKI I We ,\r< i«■ 11■ I•»! ..»11no < >ur I>irt Ihl.i\ witli.l 1 t la\ tit 't ii| x akt■ 11int 1. I'un liasc ,1 mpi akt 11 >1 1I ft >111 tin \ll nun I)< 11 and |>1< h 1 c(ls
      500 words
    • 46 2 people Clients wanted. (Only excellent companies need apply) www.thepeoplentwork.com Asia-Pacific Executive Search IS. cpnRF t: CARD '|?S *43 y „v''{ V Keep your investors informed by advertising your financial results in our newspapers, Call 1800 289 8822 or email notices@sph.com.sg. M J&~- *'-t J «si :S
      46 words

  • Page 3 Advertisements
    • 53 3 The new The new Like a flawless the new Its 4MATIC GL-Class is to is as precious as a rare jewel valued in carats. perfectly proportioned symmetry the Off-Road Pro engineering package a to the you j| to pamper 7 people comfort. While an Mercedes-Benz For or the Mercedes-Benz Center
      53 words

  • COMPANY NEWS
    • 398 4  -  Deutsche Boerse takes 5% stake but SGX 'remains in dialogue with BSE' By OH BOON PING GERMANY'S Deutsche Boerse has won the race for a 5 per cent stake in the Bombay Stock Exchange (BSE). But the Singapore Exchange remains in talks
      AP  -  398 words
    • 599 4  -  By SIOW LI SEN STARHUB yesterday said net profit for the fourth quarter ended Dec 31, 2006, almost doubled as a result of higher sales to $141.7 million and a tax credit. It also announced a higher dividend as well as a second
      599 words
    • 463 4  -  By KALPANA RASHIWALA PRICES for high-end homes in Singapore are not overdone compared with those in places like London, Hong Kong or parts of the US, given the strong demand from well-off foreigners, says Capita Land Group president and CEO Liew Mun
      FILE PHOTO  -  463 words
    • 278 4 RETAILING and property group Second Chance Properties (SCP) yesterday said its profit for the six months ended Dec 31, 2006 almost tripled to $12.3 million on the back of a 12 per cent rise in revenue to $27 million. It said it expects to perform
      278 words
    • 307 4  - GuocoLand net profit jumps 41 in Q2 By MICHELLE QUAH QUEK Leng Chan's Singa-pore-listed property arm GuocoLand has reported a 41 per cent jump in net income for its second quarter ended Dec 31, 2006 to $44.6 million, from $31.7 million the year before. The better numbers were despite slimmer
      307 words
    • 671 5  -  HOCK LOCK SIEW By RONNIE LIM ARE Singapore's small and medium-sized (SME) engineering companies and yards becoming "hot picks" for overseas investors keen on exploiting the current oil-and-gas (O&G) boom? It certainly seems that way, given the recent spate of buy-ins
      671 words
    • 367 5  -  By TAMARA MOHANAN KUPPUSAMY ECS Holdings, a specialist in information and communications technology solutions, announced yesterday a 4.9 per cent rise in net profit to $5.9 million for the fourth quarter ended Dec 31, 2006. The group's focus on efficiency and
      367 words
    • 307 5  -  By MATTHEW PHAN ROTARY Engineering, a provider of engineering, procurement and construction services to the oil and gas sector, saw its net profit more than quadruple to $35.2 million for 2006. The earnings, which compare with $8.39 million in the previous year, came
      307 words
    • 359 5  -  By BENITA AW YEONG EUCON Holding, an integrated printed circuit board (PCB) solution provider, reported an 85 per cent year-on-year fall in net profit to $1.28 million for the fourth quarter of 2006. Although fourth-quarter revenue dipped only 9 per cent to $28.46
      359 words
    • 174 5 IPO WATCH Reuters FIRST Ship Lease, a privately held ship leasing and financing company, plans to list a trust in Singapore based on ships at an indicative yield of 8.5 to 9.25 per cent, a source close to the deal said yesterday.
      Reuters  -  174 words
    • 421 5 Reuters CRUISE line operator Star Cruises, part of Malaysia's gaming group Genting Bhd, said yesterday that it was reviewing the structure of a proposed deal in Macau which involves gambling mogul Stanley Ho. Star Cruises announced plans last month to buy a
      Reuters  -  421 words
    • 328 6  -  Higher selling prices of key products boost revenue growth By JANICE HENG CHINA-BASED Jiutian Chemical Group's net profit more than doubled for the fourth quarter ended Dec 31, 2006, aided by high prices of the group's chief product, dimethylformamide (DMF). Jiutian reported
      328 words
    • 274 6  -  They intend to establish regional medical centres By TETTYYANA JASLI PACIFIC Healthcare Holdings has signed a joint venture agreement with the private equity division of Kuwait Finance House (Malaysia) Berhad. Kuwait Finance House (Malaysia) which is a wholly owned subsidiary of
      274 words
    • 358 6  -  By CHRISTINE SIM BEST World International's 2006 full-year net profit has risen 40.1 per cent to $11.86 million, thanks to a 40 per cent jump in revenue to $77.11 million. The net profit translates to a 30.7 per cent rise in earnings per share
      358 words
    • 563 6 SIA Engg names new finance chief SIA ENGINEERING, a unit of Singapore Airlines, has appointed Chin Sak Hin as its chief financial officer. He takes over from Mrs Kwok Puay Nee, who has been appointed adviser to the chief executive. Sing Hldgs profit soars on building sale SING
      563 words
  • Page 4 Advertisements
    • 565 4 Mandatory Cash Offer by 8 DBS DBS Bank Ltd (Company Registration No.: *****0306E) (Incorporated in the Republic of Singapore) for and on behalf of Affinity Precision (S) Pte. Ltd. (Company Registration No.: *****1697H) (Incorporated in the Republic of Singapore) to acquire all the issued and paid-up ordinary shares in the
      565 words

  • Page 5 Advertisements
    • 214 5 m mm 111 1 I a i i .5 TiT IaHBHiM E9K W/a 3FgzJs^iilsjl>: Keynote speaker/ i# r "-W; Hv Ms. Sandra Lee/ iW tie. 3? 3 March 2007 (Sat) Managing Director, Soci6t6 G6n6rale (It A) Structured Products and Equity Derivatives (Asia ex-Japan) .ES3SEM Topic/® Session A WK Lyxor's Investment
      214 words

  • Page 6 Advertisements
    • 240 6 2 IM Diners Club Card row* «»ff64i6 0980 A World of Exclusive Privileges Treats /||m Diners Club J- International' Usher In the year of the Pig at Straits Cat* O Rendezvous. Savour traditional Chinese New Year dishes prepared with the finest ingredients and have an incredible reunion feast that your
      240 words
    • 69 6 PROSPERITY COMES TO THOSE WHO DINE AT PARKROYAL Usher in the year of the pig with Parkroyal and take home a piggy bank with $200 worth of treats, when you dine with a minimum of four diners. y PARKROYAL HOTELS ft RESORTS Parkroyal on Beach Road. Tel: 65-6296 0011 Parkroyal
      69 words
    • 32 6 To Celebrate With A corporate gift, a company dinner or just casual drinking, Le Vigne offers a large IHHIHI selection of wines for each occasion. by 40 Holland Grove Rd. Tel: *****053
      32 words
    • 22 6 H m WKHm C3M ppi• I SH iHMrI hS l,^e* Ch«f Yan| Lai Fact '-Aost 'Synamf (V t» Normality Am Ptabnum *****007
      22 words

  • Page 7 Advertisements
    • 122 7 Mfefe SINGAPORE'S FIRST v 41 BETTtoi with M2Btv Singapore's OoOemand Broadband TV Service! > Chinese New Yeer jVy^l Prosperity Promotion .Je Sign up 2 months and receive the next 3 months on us! Iw[iklßC\ \v^..^ e In addition, you will receive a Designer Pen from Collinni New Year \e^" worth
      122 words

  • SINGAPORE MARKETS
    • 532 8  -  STOCKS Banks, property stocks and SingTel have been instrumental in shifting the index up and down this year R SIVANITHY Senior Correspondent WALL Street rebounded on Tuesday so the Straits Times Index duly rose 33.05 points to 3,182.21 yesterday, but the broad market turned in
      Source: Bloomberg  -  532 words
    • Article, Illustration
      968 8  -  Compiled by MATTHEW PHAN Genting International Feb 14 dose: $0.89 CIMB-GK RESEARCH, Feb 14 THE thrill is in the price. Upgrade target but downgrade rating to NEUTRAL from Outperform. GIL has metamorphosed from a fringe wanna-be into a mainstream global gaming player, after securing gaming concessions in Singapore and
      Sorce: Bloomberg  -  968 words
    • 545 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar failed to get more mileage from recent fears of higher US interest rate pressures yesterday, after suffering an awful combination of bad news from America but upbeat news elsewhere. The euro, for example, rose to
      Source: Reuters  -  545 words
    • Article, Illustration
      959 8 SECURITIES TRADING SCOREBOARD MAIN SOQ TOTAL Up Down Und» Up Down Uwdi Up Down Undi Multi Ind 6 6 5 010 675 Manufacturing 52 91 70 12 22 12 64 113 82 Commerce 19 35 26 7 10 8 26 45 34 Tpt/Stor/Comms 16 16 7 1 0 2 17
      959 words

  • SINGAPORE NEWS
    • 337 9  -  By CHRISTINE SIM TWO retail outlets in Chinatown have cut queues by adopting a wireless and cashless Nets payment system. And Information, Communication and Arts Minister Lee Boon Yang went on a walkabout yesterday organised by the Infocomm Development Authority of
      MUGILAN RAJASEGERAN/THE STRAITS TIMES  -  337 words
    • 607 9  -  ECONOMIC INDICATORS Industry expands 4.7% in Q4; sand ban not expected to hit building works By OH BOON PING CONTINUING its growth momentum, Singapore's construction industry expanded by a decisive 4.7 per cent in the fourth quarter of 2006, and the positive outlook looks set
      607 words
    • 265 9  -  By TAMARA MOHANAN KUPPUSAMY THE Workforce Development Agency (WDA) said yesterday it helped more than 22,000 unemployed people jobs in 2006 through its training initiatives. It also said it has upgraded its vocational programmes amid buoyant economic conditions and a growing
      265 words
    • 275 9  -  By PAMELA CHEW SINGAPOREANS living and working in New York will be able to get a taste of home, thanks to the efforts of the Overseas Singaporean Unit (OSU), which comes under the Prime Minister's Office. On April 21, the unit will
      275 words
  • Page 9 Advertisements
    • 57 9 This announcement appears as a matter of record only. SI t I HOUSING I r\ DEVELOPMENT I lUJ BOARD I *****,000,000 3.42% Notes due 2012 I I *****,000,000 3.55% Notes due 2017 I issued under HDB's Ss7 f ooo f ooo,ooo I Medium Term Note Programme I Lead Manager I
      57 words

  • SINGAPORE INTERNATIONAL
    • 1023 10  -  Singapore companies are finding New Delhi almost as attractive a commercial centre as Mumbai, reports CHUANG PECK MING CHUANG PECK MING NEW DELHI, the political centre of India, is now fast becoming a commercial hub to rival Mumbai. Little wonder that Singapore companies
      BLOOMBERG FILE PHOTO  -  1,023 words
    • 651 10 NEW DELHI was an unfriendly place to do business for foreign consultants when Meinhardt Singapore first set foot there six years ago. "The market was conservative and apprehensive of employing international consultants," says Rajesh Srivastava, Meinhardt's country manager in India. "The clients were
      651 words
  • Page 10 Advertisements
    • 144 10 1 I." v I I/J c|l|lllBjfllH||jlM Organised to hefa businesses understand how they can leverage on Singapore's 12 free trade agreements V If (FTAs), the Free Trade Agreement Symposium 2007 brings together a panel of experts to share knowledge and experience on FTAs, customs and related issues. Date Wednesday-Thursday, 14-15
      144 words
    • 40 10 THE BUSINESS TIMES SINGAPORE Singapore Singapore International b a weekly, market-focuMd series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry helping Singapore enterprises export and internationalise.
      40 words

  • FOCUS: CLIMATE DEBATE
    • 877 11 CEO says hasty environmental policies will damage the world economy NYT [HOUSTON] Exxon Mobil chief executive Rex Tillerson warned on Tuesday that governments should not rush into policies that could damage the global economy in order to limit carbon emissions. In a
      NYT; AP  -  877 words
    • 501 11 LAT-WP [WASHINGTON] Corporate CEOs do not usually come to Capitol Hill to lobby for more government regulation. But that's what a group of executives did on Tuesday, urging Congress to cap emissions blamed for global warming. Peter A Darbee, chairman and chief executive
      LAT-WP  -  501 words
    • 693 11 LAT-WP [WASHINGTON] For decades, Senator Ted Stevens has battled environmentalists, but the Alaska Republican now finds himself in an unusual spot: pushing tougher fuel-economy standards for cars. Amid heightened concerns over global warming and US dependence on foreign oil. Mr Stevens is
      LAT-WP  -  693 words
    • 465 11 Reuters [NEW YORK] Investors and environmental groups have stepped up pressure on corporate America to do more on environmental issues. They have placed 10 companies including Exxon Mobil Corp, ConocoPhillips and Wells Fargo, on a new watch list by US investors for failing to
      Reuters  -  465 words

  • ECONOMY WATCH
    • 446 12 Pakistan, India are among region's top reformers, says World Bank study Reuters [WASHINGTON] South Asia is lagging behind the rest of the world in reducing barriers to business growth and job creation despite reforms led by India and Pakistan,
      Reuters  -  446 words
    • 556 12 CRR up to 6% in two stages, on Feb 17 and March 3 Reuters, Bloomberg [MUMBAI] India's central bank stepped harder on the monetary brake on Tuesday with its second rise in two months in the amount of cash banks have to keep with it
      Reuters,; Bloomberg  -  556 words
    • 556 12 AFP [TOKYO] Japan yesterday reported a record 19.84 trillion yen (***** billion) current account surplus for 2006, highlighting lopsided global trade flows that are fuelling tensions over the weak yen. The surplus in the current account, the broadest measure of trade in
      AFP  -  556 words
    • 379 12 Reuters [LONDON] A possible debt default in Ecuador will probably be absorbed by emerging market investors, who see the country as the exception in a solvent and increasingly healthy asset class. To be sure, a default is by no means a foregone conclusion. Ecuador
      Reuters; AFP  -  379 words
    • 512 12 But the huge trade imbalance remains a concern, it says AP, Reuters [BEIJING] China's blistering economic growth will cool slightly this year but should still expand nearly 10 per cent, the World Bank said yesterday. But the country's bulging trade imbalance
      AP,; Reuters  -  512 words
  • Page 12 Advertisements
    • 389 12 Monday 9.00 am 5.00pm Meritus Mandarin Singapore Good corporate governance and transparency is important in guiding corporations, employees and other stakeholders in achieving business objectives in an equitable manner. Join us as we explore in-depth cases and concepts on various corporate governance and risk management issues. Key Highlights Understanding Corporate
      389 words

  • MALAYSIA/INDONESIA
    • 570 13  -  Goldman buys into Stemlife; Marubeni takes 10% stake in Rexit; Saudis invest in Green Packet By PAULINE NG in Kuala Lumpur SOME investors are turning to Mesdaq for faster gains, after a near-30 per cent jump in the Kuala Lumpur Composite Index in
      570 words
    • 292 13 Kuwait Finance House is still an active party in talks Reuters [KUALA LUMPUR] Malaysia's fourth-largest lender RHB Capital yesterday said it is considering a takeover offer by seventh-ranked local bank EON Capital Bhd and wants a two-week extension to evaluate the bid.
      Reuters  -  292 words
    • 2548 13 VOL FX) 14 RM W- COOP) ASM Realty 1.42 unch 7 Abnc Bhd ...0.41 0.01 855 Acp Industries 1 94 0.13 2691 Advance Synergy 0.36 0.01 5337 AdventaBhd 0.84 0.02 46 Ae Multi Hldgs 0.38 0.02 197 Affin Holdings -2.42 0.02 9279 Ahmad Zaki Resou .2.60 -0.01 101
      2,548 words
    • 259 13 Bloomberg [JAKARTA] PT Astra International, the world's biggest car retailer by market value, said floods in the Indonesian capital resulted in asset and revenue loss valued at 40 billion rupiah (Ss6.B million). The value, which is less than one per cent of Astra's
      Bloomberg; BLOOMBERG  -  259 words
    • 197 13 Bloomberg [KUALA LUMPUR] UEM World Bhd, a Malaysian builder, said it's not in talks with state investment arm Khazanah Nasional Bhd to sell land in southern Johor state to a Khazanah-led group, denying a report in Malaysia's Business Times newspaper.
      Bloomberg  -  197 words
  • Page 13 Advertisements
    • 153 13 Toss. Turn. Taste. Thrilled? Seated by the pool on a wooden deck, the balmy breeze enhanced the setting while we shared an evening that is imprinted in one s memory forever. The banter flowed as freely as the beer and wines while the team of chefs manning the grill produced
      153 words

  • INDIA
    • 807 14 Vodafone can abandon deal if legal action is launched to derail it Reuters [NEW DELHI] India's Essar Group does not have a right of first refusal over Vodafone Group pic's US$ll.l billion deal to buy a controlling stake in Hutchison Essar, the
      Reuters  -  807 words
    • 300 14 Reuters [NEW DELHI] Opening India to foreign retailers will benefit the country's farmers by giving them new customers, while small stores will have access to efficient supply chains, US Commerce Secretary Carlos Gutierrez said yesterday. Foreign retailers are keen to open
      Reuters  -  300 words
    • 298 14 Reuters [LONDON] Vodafone is taking a new US$3.5 billion syndicated loan to finance part of its US$ll.l billion agreed offer for a controlling stake in India's Hutchison Essar, banking sources said on Tuesday. Vodafone is raising the new US$3.5 billion loan as
      Reuters  -  298 words
    • 390 14 Reuters [BARCELONA] Bharti Enterprises will unveil plans for its retail store rollout with Wal-Mart Stores in the next 10 days, and it is deciding whether to use WalMart's brand as part of its retail foray, chairman Sunil Mittal said on Tuesday.
      Reuters  -  390 words
    • 362 14 Reuters [CHANDIGARH] India's Congress party and a regional rival were both claiming victory yesterday in elections in the northern state of Punjab, seen as a bellwether of national concerns over rising food prices and economic reforms. Despite heavy rains earlier in the day,
      Reuters  -  362 words
  • Page 14 Advertisements
    • 42 14 Radio 91.3 is managed by SPH Unionworks, a subsidiary Of QBrn Singapore Press Holdings 1 Lianhe Zaobao m I within the I I industry I I leadstt I I in the I I printing trade I I MkßßEft I I aUMMHR*B9HHt I
      42 words

  • GREATER CHINA
    • 386 15 It sold 1.15b new A shares or 15.66% of its expanded share capital Reuters [SHANGHAI] Ping An Insurance (Group) raised 38.9 billion yuan (557.7 billion) in the second-largest initial public offering (IPO) on China's domestic stock markets, attracting huge demand from local retail
      Reuters  -  386 words
    • 185 15 IHONG KONG] Macau casino tycoon Stanley Ho has outbid Orient Overseas (International) and a Singapore company to secure a prime commercial site in Shanghai for 1.43 billion yuan (Ss2B3 million) at a public auction. The Standard newspaper reported. The winning bid,
      185 words
    • 273 15 Reuters [LOS ANGELESI MGM Mirage Inc plans a second Macau casino resort and may pursue additional projects in the Chinese gambling enclave, chief executive Terry Lanni said on Tuesday at the Reuters Hotels and Casinos Summit 2007 in Los Angeles. Mr Lanni also said
      Reuters  -  273 words
    • Article, Illustration
      51 15 WITH LOVE [CHONGQING] Roses are up for sale for lovers at a flower shop in south-western China's Chongqing municipality for Valentine's Day. In a sign of the increasing influence of Western customs on Chinese culture, the celebration of love has become a hugely popular festival in China in recent years.
      Reuters  -  51 words
    • 130 15 Xinhua [BEIJING] The robust profit rise of Chinese listed companies are giving strong support to the bullish stock market, latest figures show. According to information provided by WIND, a leading provider of Chinese financial data, the 120 listed companies that have already published annual
      Xinhua  -  130 words
  • Page 15 Advertisements
    • 30 15 Name: Wang Rang A 9 es 39 Enjoy: Travelling, good food, catching up Residence: 5-room flat at Boon Lay. Most desired purchase: Family vacation I I [3323 "M UANHE ZAOBAO
      30 words

  • MIDDLE-EAST
    • 481 16 Govt spending, oil prices lift growth rates to 4-year highs: World Bank Reuters [AMMAN] Arab Gulf states are better utilising oil revenues to diversify their economies and non-oil producers in the Middle East are liberalising faster despite political turmoil, the World Bank's deputy head said
      Reuters  -  481 words
    • 334 16 AP [DUBAI] Stuttering free trade talks between the Emirates and the US have made some progress in the latest round of talks last week in London, the Emirates Ministry of Finance and Industry said. The progress involved issues such as environment,
      AP  -  334 words
    • 7388 16 UNIT TRUSTS FUNDS AM Amro Asset Mgt (S'port) Star Europe Eqty'** 1 072/ Stat Europe Bond 1164/ Star Europe Bal -1229/ Star Asian Tiger Eqty 1 328/ Star Asia Bond 1319V Star Asia Balanced 1112/ Star Global Technology Fund!** 0-212/ Mult St Ed 0979/ Star Asia BonrXUSD) 0857/ GfcMultiStUSD 1159/
      7,388 words
  • Page 16 Advertisements
    • 53 16 You can now use your CPF savings to invest in AUianzGl RCM Global Allianz (rij) -j? High Pavout Fund. Visit our appointed distributors for more details. Global investors -qpj-mir 1 OF company regn no *****7169Z LOOKOUT FOR INFINITE E INVESTMENT opportunities. I ngn Call your Financial Advisor today or visit
      53 words

  • ASIA-PACIFIC/WORLD
    • 685 17 It lays out plans to cut 13,000 jobs at Chrysler, or 16% of workforce Reuters [DETROIT/FRANKFURT] DaimlerChrysler yesterday raised the prospect of parting ways with its lossmaking US Chrysler arm, a move that could unwind a blockbuster 1998 merger which created the world's fifth-biggest
      Reuters; AP  -  685 words
    • 580 17 AP [SEOUL] The two Koreas will meet today to discuss resuming stalled high-level talks, officials said a day after North Korea agreed to halt its nuclear programmes in exchange for aid and improved relations with regional powers. The Cabinet-level talks were suspended last year
      AP  -  580 words
    • 332 17 Bloomberg [PARIS] Carrefour SA's biggest shareholder, the Halley family, broke ties with chairman Luc Vandevelde, saying they disagreed over the French retailer's gyThe Halleys, who hold a 13 per cent stake in Carrefour, said in a statement on Tuesday that they named Bernard Bontoux to
      Bloomberg  -  332 words
    • 480 17 Cites improvements in inflation, stable housing market AP [WASHINGTON] Federal Reserve chairman Ben Bernanke yesterday told Congress that the economy should grow modestly this year despite lingering pain from a housing slump and stuck to the Fed's forecast that inflation will continue to ebb.
      AP  -  480 words
    • WORLD WATCH
      • 76 17 AP [STRASBOURG, France] The European Parliament approved a report yesterday accusing Britain, Germany, Italy and other European nations of turning a blind eye to CIA flights transporting terror suspects to secret prisons in an apparent breach of EU human rights standards. It gives
        AP  -  76 words
      • 99 17 Reuters [BRUSSELS] The European Commission yesterday welcomed moves by the US to make it easier for non-US companies to delist from stock exchanges. "The European Commission has welcomed new rules proposed by the United States Securities and Exchange Commission that would make it much easier
        Reuters  -  99 words
      • 61 17 [NEW YORK] Nasdaq Stock Market Inc issued a disappointing 2007 earnings forecast on Tuesday, overshadowing strong quarterly earnings and sending its shares down as much as 11 per cent. David Warren, chief financial officer, said that 2007 earnings would be US$ 180 million to US$
        61 words
      • 48 17 Coca-Cola Ent posts loss, to cut 3 ,500 jobs Reuters Bloomberg [ATLANTA] Soft drink distributor Coca-Cola Enterprises will cut 3,500 jobs after posting its worst loss in 10 years on a US$2.9 billion reduction in the value of its North American unit. Its fourth-quarter loss was US$l.7l billion.
        Reuters; Bloomberg  -  48 words
    • 606 17  -  By OUR CORRESPONDENT in Bangkok THE Bank of Thailand yesterday talked with fund managers from 20 asset management companies about ending capital controls for foreign investors in mutual funds. Under the capital controls, brought in late last year, foreign investors have had
      606 words
  • Page 17 Advertisements
    • 121 17 Q^JIP All proceeds of the sale will be donated to: J V IHNUMH In Singopore. th« SoncW McDonald OiSSm'i CtwtN (RMCQ hoi V O'anied more than 13 million to help over 600 l>dc chikfren unce 1989 Every ami donated the *MCC ooe» X. to helping lick children in need NEWSPAPERS
      121 words

  • AVIATION
    • 417 18 It will buy 8 A330s at knock-offs of more than US$10m each over delays AFP [BANGKOK] Thai Airways has agreed to buy eight mid-size Airbus A33os at a discounted price, as part of a deal with the E.uropean planemaker over delays in delivering its new
      AFP  -  417 words
    • 405 18 Bloomberg [BANGKOK] Thai Airways International Pel, the country's biggest airline, posted a 5.7 per cent rise in first-quarter profit as travel demand rose and a stronger baht cut debt costs. Net income rose to 4.03 billion baht (*****.7 million) in
      Bloomberg  -  405 words
    • 2334 18 CITY HJ6MT ETA FUfcWT ETP Abu Dhabi SQ45S 1225 SQ456 1300 Adelaide LH9771 1740 AF8088 2215 SQ268 1740 BA7382 2215 AF8087 1830 OF82 2215 BA7381 1830 LH9770 2350 OF81 1830 SO269 2350 AMtt* SQ530 1930 Amsterdam L***** 0645 KL838 2315 SQ323 0645 L***** 2345 KL837 1605
      2,334 words
    • 470 18 Earnings pushed up by higher fares, oil surcharges Bloomberg [PARIS] Air France-KLM Group. Europe's biggest airline, said third-quarter profit tripled on increased Asian and North American traffic and higher ticket prices. Net income for the three months ended Dec 31 increased to
      Bloomberg; BLOOMBERG  -  470 words
    • 244 18 Bloomberg [WASHINGTON] US airlines' cargo would all need to be screened in three years under a US Senate committee's Bill that aims to close what lawmakers consider a remaining security gap after the Sept 11 terror attacks. The Transportation Security Administration
      Bloomberg  -  244 words
    • 176 18 Bloomberg [WASHINGTON] The US government wants to take from airlines the responsibility for checking traveller documents at airport security checkpoints, a change that might save the carriers millions of dollars. The Transportation Security Administration is requesting US$6O million from Congress to help
      Bloomberg  -  176 words
    • 349 18 Bloomberg [WELLINGTON] SPECULATION that Australia's Qantas may not make a bid for Air New Zealand and that it may even shed its 4.2 per cent stake in the carrier appeared to gain ground as investors started selling off Air New Zealand shares
      Bloomberg  -  349 words
  • Page 18 Miscellaneous
    • 175 18 CRYPTIC CROSSWORD dinner cooked of these (10) 14 Ent(?r dajm for produdng YESTERDAY'S SOLUTION DOWN commercial (10) Across: 1 Gutter press, 7 Crusade, 1 Back must be erect (4) 16 One Tory lad displayed undue 8 Recital, 10 Nymph, 11 Gruelling, 2 Retire, then attempt to lay reverence (8) 12
      175 words

  • SHIPPING
    • 654 19 Bloomberg [MUMBAI] Lanka lOC Ltd, a unit of India's largest refiner, plans to refuel ships off the western coast of Sri Lanka, tapping the world's third busiest trade route. The company is preparing to sell ship fuel at Colombo port to
      Bloomberg  -  654 words
    • 521 19 Bloomberg [SINGAPORE] Samsung Heavy Industries Co, the world's second-largest shipbuilder, said it will book most of an order in South Korean won to reduce currency losses, the first such contract by the Asian nation's shipyards. The company will receive 58 per cent
      Bloomberg  -  521 words
    • 534 19 Vietnam emerging as an alternative to China, South Korea, in ship building Reuters [HANOI] Vietnam's largest shipbuilder Vinashin will build two very large crude carriers (VLCCs) for state oil group Petrovietnam, the first to be built in Vietnam, a company source said. The supertankers
      Reuters  -  534 words
    • 407 19 Reuters [HONG KONG] China Merchants Holdings (International) Co Ltd plans to invest in its state parent's US$4OO million container terminal project in Tianjin, joining Singapore's PSA International in helping develop the northern city into a major port of call. Merchants said yesterday
      Reuters; FILE PHOTO  -  407 words
    • 237 19 Reuters [SINGAPORE] Marine fuel sales in Singapore fell by 15 per cent on-month to 2.256 million tonnes for January, official government data showed yesterday. January bunker sales in the world's largest bunkering port were lower than the average in 2006, which stood at about
      Reuters  -  237 words
    • 152 19 Bloomberg [ATHENS] Omega Navigation Enterprises, a Greek shipowner whose shares trade in New York and Singapore, plans to buy two tankers that carry refined oil products from South Korea's STX Shipbuilding Co for U5564.5 million each. The Omega Emmanuel and the
      Bloomberg  -  152 words
    • 283 19 SGX '000 NbH SS 4f Vol Ch Offshore .0.45 -0.02 3154 Oman Hup Hklgs 0.33 unch 1559 CoscoCorp -2.78 -0.04 ***** Cwt Limited 0.79 -0.02 361 Ezra Hldgs 5.35 0.05 531 FreightLinks 0.09 -0.01 3171 Grand Banks .0.99 -0.02 14 Jaya Hold Ltd 1.48 -0.02 1513 K (ventures
      283 words
    • 224 19 Bernama [KUALA LUMPUR] The ship-building and ship-repairing industry chalked up a commendable performance last year when exports of ships, boats, hovercrafts and floating structures rose to RM3.3 billion (551.45 billion), against RM2.2 billion in 2005. Major export destinations were Singapore (RMI.2 billion),
      Bernama  -  224 words
  • Page 19 Advertisements
    • 52 19 SEXIER! FUNNIER! USEFUL-ER! 14i ;4ga*. M t jOB: a < 7^' WHY JUSTIN S NO i IONGIfI WABMINC CUMERON'S 810 X .M 1 Ttu I All SIGNS I SHf SNOT THIONI «< i f I i' m a,v *>>■• f.v 'fri INCLUDES 16-PAGE UEFA CHAMPIONS LEAGUE SPECIAL! THE WORLD S
      52 words

  • EDITORIAL & OPINION
    • 568 20 EDITORIAL JAPAN is back at the centre of a financial bubble; this time not in the domestic economy, like 10 years ago, but in the global surge in asset values generated by the weak yen and by yen "carry trades". The price of
      568 words
    • 1197 20  -  In his first term, he rejected attempts to win Pyongyang's cooperation with US aid By PAUL RICHTER LATWP THE tentative international nuclear agreement with North Korea marks a fundamental shift in direction for the Bush administration, which for years had sternly demanded
      LATWP; AP  -  1,197 words
    • 758 20  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent I WAS chatting the other day with a senior executive of the State Bank of India and the conversation got around, as so often happens nowadays, to comparisons between India and China. Only I soon
      758 words
    • 937 21  -  There's now stronger opposition among Democrats to renewing his TPA LEON HADAR Washington Correspondent M concluded that the new DemNovember 2006 has strengthened the power of the protectionist forces on Capitol Hill. With leading Democratic lawmakers advancing a populist economic agenda, the conventional wisdom
      AP  -  937 words
    • 157 21  -  Ong Tew Lin Singapore SIAS has just met Isetan to impress upon it the urgency of using up its Section 44A tax credit, following the unprecedented action by minority shareholders to bring the tax credit issue out into the open. Isetan is not
      157 words
    • 552 21  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to the articles "Medical devices first to be regulated under Bill" (BT, Feb 13) and "Regulations for medical devices to be implemented", on the proposed Health Products Bill (BT, Feb 7). MP Halimah Yacob, GPC chairman
      552 words
    • 223 21  -  Denis Distant Singapore I READ "A one-man mon-ey-making machine" (BT. Feb 12) with unease. Easycall was suspended at 26.5 cents. Then we read it had sold 38.7 million shares and given an option over another 25.8 million shares, all at 20 cents
      223 words
    • 804 21  -  By M BAKRI MUSA IUT Muhammad Yunus, the founder of Grameen Bank, is widely lauded for lifting millions of Bangladeshi peasants out of poverty through his micro-lending initiative. He awes his audiences with stories of how loans of just a few dollars can be life-transforming
      IUT  -  804 words

  • Page 21 Advertisements
    • 28 21 Banks compete for salary crediting business They are fighting for JmYtBR out with roadshows, m mailers and freebies j! JKjpM Asia One Business sniffs IHWIi in the know
      28 words

  • 11014 22 SGX MAINBOARD Transaction date: Feb 14 52-Wk Td Last Vol Day Last Quote Wv GrYW Nat MCap High Low Code Company Sale +<- C000) High Low Buyer Seller Cvr P/E $mil 6 31« "10 1220 10.5 10 10 10.5 4.9 1.9 105 4*9 34 5 22 5834 A-5onic
    11,014 words
  • Page 22 Advertisements
    • 35 22 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in all markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices Competitive Commission charges
      35 words

  • 7164 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local out In St In USS dy yr dy yt dy fob 13 Indea Chang* Change Chang* change Change Change World l<*Je» Preliminary H323 OiS 2.9 08 2.7 0.6 2.2 l tAF* Primary ***** 0.4 58 0.8 29 0.6 2-4 Emuee Preliminary
    7,164 words

  • Page 24 Advertisements
    • 1491 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination PAN VOYAGER JDH/DMT/BJA Destination J SAFE DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN DD MASTER DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia
      1,491 words
    • 463 24 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VESSEL VOY RAMP HEIGHT SIM UC MAO SAV »AI OtF TAMESIS AF7O6 320T0« 6.4 M 14/02 OMIT 21/03 25/03 29/03 27/03 TAMPA Af 707 420T*« 6.4* 28/02 23/03 01/04 05/04 10/04 08/04 TAPWU AF7O9 400T«m 6.30 20/03 12/04 21/04 25/04 30/04 2«/04 New York
      463 words

  • Page 25 Advertisements
    • 1539 25 WAN HAJ INTERNATIONAL PTC LTD amo **********0/S ....a. TIL *****588 (14 UNES) EAJL*****163 V\M WAN HAI lINFC Castor SWBookta* Died 1*(1800)*****200 I VVMIv ilnl Llllt J fid IH: (03) *****888 HUL (03) *****28S f9( IH: (04) *****00 FAX: (M*****W9 Y,— JOH IH: (07) *****23 HUL (*****1M1 »IH: (031) J*****5HU: (031)
      1,539 words
    • 1284 25 12 H VESSEL VOY PKL SIN I KARACHI PXR *AB PMM MK KHOB IRAN SHAHRYAR PCI SIM 23/02 24/02 05/03 08/03 09/03 15/03 17/03 19/03 IRAN BAABAEI PCL >189 04/03 05/03 14/03 17/03 18/03 24/03 26/03 28/03 IRAN SATTARI PCL 8190 09/03 10/03 19/03 22/03 23/03 29/03 31/03 02/04 vkse
      1,284 words
    • 625 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS «ssb wr a BH 11 commo miYGMIDHI OIIIW ItFB SMI MI 21M H-M MAIIYIA OOtW ilia 24F8 11 fO 03m mita«iam» rmosi Jim 7»fb Q3mai otMAi iomm ALSO ACdfIMG KIIO COOSI TUTKOBN t GOA (VIA CQUMM) MB
      625 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6383 26 ETA ETA Advertiser Vessel Voy»9« Telephone SIN Oesfn Name Name dumber timber To ABU DHABI (AUH) 2004 U. A. Emirates 27/02 13/03 SCI SCIDIYA 707W *****355 To ADELAIDE (ADL) 2007 Australia 25/02 16X13 ChuuStpg ANL ESPRIT 035S *****898 25/02 16/03 PTDjakarta ANL ESPRIT 035S
      6,383 words

  • BizIT
    • 663 27  -  Electronics and healthcare among key growth areas, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY IBM Singapore will announce plans today to expand the company's consulting and systems integration business to become a partner for customers in the field of Application Management Services (AMS).
      663 words
    • 420 27  -  By WINSTON CHAI HEWLETT-PACKARD'S flagship server research effort in Singapore has culminated in the introduction of a low-cost box based on Intel's "Montecito" processor. The computer giant yesterday launched the rx2660, a new low-end addition to its Integrity line of servers. The
      420 words
    • 766 28  -  Major players continue search for profitable business models 3GSM WORLD CONGRESS Reports by KENNETH JAMES in Barcelona THIS year's 3GSM World Congress, the giant annual showcase for the mobile communications industry currently playing in Barcelona, is notable on two fronts: it offers ample evidence
      AP  -  766 words
    • 371 28 BUOYED by a significant coup at his company's previous appearance at an international show, Innoxius Technologies chief technology officer Edmund Yong is hoping history will repeat itself at the 3GSM World Congress in Barcelona. Innoxius was one of several high-tech firms exhibiting under the Infocomm
      371 words
  • Page 27 Advertisements

  • Page 28 Advertisements
    • 246 28 Hj We are a public-listed company whose business dynamism has earned us recognition in Singapore and regionally. Our diverse business operations and strategies span beyond the Hh shores of Singapore. We are looking at further growth and need a highly motivated and qualified person to join us as: I Head,
      246 words
    • 118 28 KiJUfaJttMH All proceeds of the sale will be donated to: AW.7 Bowld McPomU hOT ChWdr#n% Qwly* fttfgAAAS**# In Singapore, the Ronald McDonald Children's N. Charity (RMCC) Hat granted more than S3 million to Kelp over 600 sick children since 1989. Every cent donated to the RMCC goes to helping sick
      118 words

  • PROPERTY
    • 556 29  -  Firms expanding may have to consider buildings outside the CBD By ARTHUR SIM Source: Cushman Wakefield SINGAPORE is now the 17th most expensive office location in the world, moving up five places from its previous 22nd spot in 2006. According
      Source: Cushman & Wakefield  -  556 words
    • 216 29 Bloomberg [LONDON] Some 1,300 UK pubs are under threat of closing as real-estate developers seek to buy sites to meet demand for housing, according to a group that supports consumers' rights. "In a lot of cases, pubs are sold to property developers
      Bloomberg; FILE PHOTO  -  216 words
    • 354 29 Reuters [MANILA] Singapore office and industrial parks landlord Ascendas plans to double its assets under management to more than $10 billion by 2010, funding its expansion in Asia with a mix of bank financing and private equity. Ascendas' top executive said the firm
      Reuters  -  354 words
    • 200 29 MOUNT Sophia Apartment, a 13-unit walk-up apartment block on Sophia Road, has been sold to BS Capital for $15.18 million through a collective sale tender. The price, plus a development charge of about $70,000 to intensify land use, reflects a land cost of $564
      200 words
    • 391 30  -  By UMA SHANKARI THE year 2006 saw a record 125 good class bungalow (GCB) transactions worth a total of $1.3 billion, said property consultancy Jones Lang LaSalle (JLL) yesterday. The numbers are significantly higher than 2005's 89 GCB transactions worth a total of
      Source: Jones Lang LaSalie Research  -  391 words
    • 394 30  -  By UMA SHANKARI KIM Eng Properties Pte Ltd has emerged as the top tenderer for a hotly contested 0.13 hectare commercial site at New Bridge Road/North Canal Road, after putting in a $44.0 million bid. A statement from the Urban Redevelopment Authority (URA)
      394 words
    • 1963 30 PROJECT NAME/ PROP CONTRACT TENURE BUiU-IN AREA PRICE PSF STREET NAME TYPE DATE (SQ FT) (S$ 000) (S$) District9 NON-LAfft)€D Aspen Ht Apt 26/01/2007 999 1335 1250 937 Kim Yam Ht Apt 19/01/2007 FH 1227 920 750 Leome S&jcSo
      1,963 words
  • Page 29 Advertisements
    • 1008 29 Prime residential redevelopment sites District 10 For Sale By Expression of Interest Nathanville at Nathan Road i 1 f, T I Freehold k Land Area: 4,288.8 sq m ,s (approx. 46,164 sq ft) JJ V\ iff I Master Plan 2003: x "Residential" at plot ratio 2.1 17 H J>/ Height
      1,008 words

  • Page 30 Advertisements
    • 108 30 District 9 Somm^ m *n» Rd 999-year leasehold, CPR 2.8 °-*W£ T f Residential/Conservation Existing 2-storey residential building w m*\\*i Floor Area: 1,653 sq ft (Approx.) Land Area: 2 '°9 6 SC I ft (Approx.) N\g> Easy access to Orchard Road For more information, contact: Lam Mei Leen Tel: 6248
      108 words