The Business Times, 16 February 2007

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Microfilm: NL27324
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 The Business Times SINGAPORE 85 cents Friday, February 16,2007 online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 202/12/2006
    22 words
  • Article, Illustration
    Lock icon Perks for business, help for the needy
    1068 1  -  By ANNA TEO [SINGAPORE] The government yesterday handed out fiscal goodies aimed at giving Singapore's underclass a leg-up and honing the country's competitive edge to make it the best place to do business. The key features of the Budget including a corporate tax
    ARTHUR LEE  -  1,068 words
  • Article
    Lock icon A hongbao Budget, with a vision
    710 1 EDITORIAL IN this Year of the Golden Pig, Singaporeans could hardly have asked for a more lavish lunar New Year present than what they got in the Budget presented in Parliament yesterday by Second Minister for Finance Tharman Shanmugaratnam. In his first-ever Budget address,
    710 words
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  • BUDGET '07
    • Article
      Lock icon A challenge for fiscal policy in a globalised world
      1206 2  -  COMMENTARY Singapore fortunate to have investment income but it may not always be there in the right amounts By TAN KHEE GIAP THE Budget can be analysed by asking three fundamental questions: First, what growth strategies and social priorities should the
      1,206 words
    • Article, Illustration
      Lock icon Companies get the red carpet
      974 3  -  Most of them will pay under 10% tax with cut, exemptions, deductions By MICHELLE QUAH SINGAPORE has upped its bid for a slice of the international business pie: it has not only cut corporate taxes, but also offered exemptions and deductions that will make the
      Source Kpmg  -  974 words
    • Article
      Lock icon SMEs hail new tax regime
      600 3  -  By UMA SHANKARI Small and medium enterprises (SMEs) welcomed the impending increase in the partial exemption threshold the amount of a company's income that is exempt from tax to $300,000, from $100,000, which they suggested would help level the playing field between them and multinational
      600 words
    • Article, Illustration
      Lock icon Two-pronged thrust to help low-wage workers
      797 4  -  They'll contribute less CPF and get Workfare payouts By MATTHEW PHAN THE government's plans to help low-income workers going forward will contain two major components designed to boost their employability and income. The first is a reduction in contribution to the Central Provident Fund
      YEN MENG JIIN  -  797 words
    • Article, Illustration
      Lock icon Verdict: It's a generous Budget
      931 4  -  BT ROUNDTABLE But panellists split over its effectiveness for the long term By CHEN HUIFEN PANELLISTS at a BT Roundtable see this year's Budget as a generous one, but are divided on their views when it comes to how effective some of the policies will
      931 words
    • Article
      Lock icon Keeping up with the times
      177 4 CPF cuts and changes since 1986 1986 Employers' contribution rate cut from 2 5% to 10% 1994 Employers' contribution rate was restored to 20% (in line with the new long-term CPF rate of 40% for worters aged 50 and below) 1999 Employers' contribution rate cut
      177 words
    • Article
      Lock icon CPF rate hike not as bad as some feared
      748 4  -  By CHUANG PECK MING THE hike in the employer's contribution to the Central Provident Fund has apparently turned out to be not as bad as some in the business community feared. After the noise made earlier, the 1.5 percentage point rise
      748 words
    • Article
      Lock icon STI up 70.28 points to a new all-time high
      392 5  -  But large index gain is not reflected in broad market By R Sivanithy THE Straits Times Index (STI) yesterday soared 70.28 points or 2.2 per cent to a new all-time high of 3,252.49 on a combination of factors news of a
      392 words
    • Article
      Lock icon Making capital gains part of investment income
      409 5  -  By MATTHEW PHAN THE government intends to amend the Constitution to revise the rule that allocates Net Investment Income (Nil) from past reserves for spending. "We expect to be able to increase the investment income available for spending by the government, by taking
      409 words
    • Article
      Lock icon At a glance
      691 5 For businesses Cat sM riMtih aaLw nn CHI WlilipCPßCj ■Corporate tax rate cut by 2 percentage points tolB%fromYA2ooB. Corporate tax exemption threshold raised torn $100,000 Id $300,000 from YA2OOB, with the following exemption rates: 75% exemption for the fiist $10,000 of chargeable income; -50% exemption for the
      691 words
    • Article, Illustration
      Lock icon GST to increase to 7% in one step on July 1
      1313 5  -  $4b offset package to cushion impact; 2 percentage point cut in corporate tax By DANIEL BUENAS THE Goods and Services Tax (GST) will rise from 5 to 7 per cent on July 1 in a single hit. But tax
      1,313 words
    • Article, Illustration
      Lock icon $2b will be spent on R&D this year
      676 6  -  Plans unveiled to develop 'high-trust' services in finance and the law BUILDING CAPABILITIES FOR OUR FUTURE By OH BOON PING THE government yesterday said that it will spend $2 billion on research and development this year. And one of the strategies to
      ARTHUR LEE  -  676 words
    • Article
      Lock icon Perks seen boosting aviation financing, capital markets
      806 6  -  Three incentive schemes for industry enhanced By GEORGE JOSEPH NEW perks aimed at positioning Singapore as a base for regional leasing activities will help it emerge as a centre of excellence for aviation-related capital markets and aircraft financing in Asia, say industry players.
      806 words
    • Article, Illustration
      Lock icon New tax incentives to encourage charity
      480 6  -  Double tax deductions for gifts through foundations By CONRAD TAN PHILANTHROPIC activity received a welcome boost yesterday, as the government unveiled new tax incentives to encourage more people to give to charity. Under the new rules to be finalised by September, donors who contribute
      FILE PHOTO  -  480 words
    • Article
      Lock icon Anna Low, executive director, KPMG
      86 6 This is a positive Budget for SMEs and encourages entrepreneurship. These companies have been particularly singled out, far more than in previous years and recognised for their contributions to the vibrancy of Singapore's economy. Sole proprietorships and individual partnerships have been left in the cold
      86 words
    • Article
      Lock icon Association of Banks in Singapore
      54 6 Tor the financial sector, there are various positive refinements announced in the Budget, especially with the increasing importance of wealth management for the sector ...With wealth management as one of the key focuses for Singapore's financial sector, these enhancements will certainly go toward sharpening the
      54 words
    • Article
      Lock icon Tay Hong Beng, executive director, KPMG
      68 6 The government has recognised that the 80:20 rule is an administrative headache. Its removal is welcome and will increase certainty for fund managers, freeing them from tax constraints and allowing them to focus on their business. This will help to attract more funds into
      68 words
    • Article
      Lock icon Robert Martin, managing director and CEO, Singapore Aircraft Leasing Enterprise ,
      65 6 Robert Martin, managing director and CEO, Singapore Aircraft Leasing Enterprise The granting of an additional concessionary rate of 5 per cent in addition to the existing 10 per cent under the Aircraft Leasing Scheme for the next five years will make Singapore an extremely attractive base for aircraft leasing companies
      65 words
    • Article
      Lock icon Eric Teng, president of non-profit organisation YMCA Singapore and chief executive of the Tan Chin Tuan Foundation
      57 6 'I think that's fantastic! It encourages a wider spectrum of people to give money in a more efficient way. It means that foundations like us can do more.' on double tax deduction for
      57 words
    • Article, Illustration
      Lock icon Grow the economy to address income gap
      571 7  -  Focus on growth and embrace globalisation: Tharman By CONRAD TAN SINGAPORE'S answer to the widening income gap lies in growing its economy, not slowing it down, Tharman Shanmugaratnam said in his Budget speech. The government would "maximise opportunities for all Singaporeans to get
      YEN MENG JIIN  -  571 words
    • Article
      Lock icon MARKETS DIGEST
      135 7 sn 3,252.49 (+70.28) ST INDEX FUTURES 3,254.00 (+70.00) SIMSa 398.12 (+9.59) SIMSa FUTURES 397.80 (+8.00) MARKETS Thursday Change KLCOMP 1.258.63 +12.99 NIKKEI 225 17.897.23 +144.59 HANG SENG 20.538.42 >328-51 SET INDEX 693.86 -3.98 JAKARTA COMP 1.790.41 +39.42 MANILA COMP 3,379 37 +78.43 SEOUL COMP 1.443.63 +7.53 SHENZHEN B
      135 words
    • Article, Illustration
      Lock icon Singaporeans enjoy lowest income tax rates in Asia-Pac
      740 8 Even lower than HK; further cut not seen as necessary to offset GST hike THE government did not cut personal income tax probably because Singaporeans pay the lowest income tax in the region, a fact appreciated by the well-heeled. Some had thought
      740 words
    • Article
      Lock icon Govt postpones verdict on estate duty
      430 8  -  Decision may be sensitive given upcoming GST hike Reports by Kalpana Rashiwala SECOND Finance Minister Tharman Shanmugaratnam's announcement yesterday postponing a decision on estate duty disappointed tax consultants who have called for its abolition, though others understood the move. Reducing or abolishing estate duty
      430 words
    • Article
      Lock icon Experts hail tax deduction for non-interest borrowing costs
      374 8 THE liberalisation of tax deduction for non-interest borrowing costs takes into account innovative borrowing packages being minted by financial institutions, say tax experts, who welcomed the change. '"Financing is becoming more and more innovative, so the costs to the borrower include not
      374 words
    • Article
      Lock icon Budget for FY 2006 and FY 2007
      270 8 REVISED ESTIMATED CHANGEOVER FY2006 FY2007 REVISED FY2006 SbiHion SbilBon SbUBon OPERATING REVENUE 30.00 t 32.36 2.36 7.9 Corporate Income Tax 8.25 8-40 915 19 Personal Income Tax 4.68 I 5.16 0.48 102 Statutory Boards' Contributions 0.96 j 1.36 0.41 42.6 Assets Tax 1
      270 words
    • Article
      Lock icon Ho Mui Peng, tax partner, PwC Singapore
      49 8 One significant group of taxpayers benefitting from being able to deduct borrowing costs other than interest, will be the commercial property owners, who finance their high value commercial properties through complex syndicated loan arrangements. This new treatment will reduce their business costs.
      49 words
    • Article
      Lock icon Winnie Liew, tax partner, Ernst and Young
      22 8 Finally! The long-waited liberalisation of the tax deduction for borrowing costs is a welcome move.
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    • Article
      Lock icon Ooi Boon Jin( executive director, KPMG
      64 8 Ooi Boon Jin executive director, KPMG We are disappointed that there is no tax relief for the man in the street. With the increase in GST rate to 7 per cent, the Minister is expecting the GST revenue to increase by $750 million in 2007. It would have been a
      64 words
    • Article
      Lock icon Ajit Prabhu, tax partner, Deloitte Singapore & Southeast Asia
      84 8 Ajit Prabhu, tax partner, Deloitte Singapore Southeast Asia There may now be sufficient incentive for sole proprietors and partnerships to consider incorporating their businesses. For example, a sole proprietor with a chargeable income of $300,000 would pay approximately $39,300 in tax (for an effective tax rate of approximately 13%) whereas
      84 words
    • Article
      Lock icon Winnie Liew, tax partner, Ernst & Young
      43 8 Winnie Liew, tax partner, Ernst Young The abolition of estate duty is clearly not such a simple decision to make, as there is a social message involved since estate duty has been seen as the final leveller in terms of uneven wealth distribution.
      43 words
    • Article
      Lock icon Ooi Boon Jin, executive director, KPMG
      70 8 It's disappointing to hear that the minister is retaining estate duty. This tax is antiquated and is a remnant of our colonial past, and is essentially a penalty for dying. It's a double whammy for tax payers as they are taxed once on income
      70 words
    • Article
      Lock icon Ooi Boon Jin, executive director, KPMG
      37 9 The government has forgotten the filling for the sandwich group yet again. Very little relief has been extended to the middle income group in view of the rising costs of living.
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    • Article
      Lock icon Jeffrey Teong, tax director (human capital), Ernst and Young
      36 9 High income individual shareholders are better off receiving tax-exempt dividends now in view of the 2 percentage point difference between the top corporate and personal tax rates.
      36 words
    • Article, Illustration
      Lock icon Frank Debets, director, world trade management services, Price waterhouse Coopers Singapore
      62 9 The lack of any changes in the taxation of the tobacco industry may be indicative that the measures of the last few years have not achieved the underlying objective of cutting smoking, but rather diverted economic activity elsewhere, a
      62 words
    • Article
      Lock icon Gerard Ee, president of the National Council of Social Service and chairman of the National Kidney Foundation
      104 9 This is a quantum leap forward. It's very important for the charity sector to blossom and to grow. (Previously) the pressure on charities to spend at least 80 per cent of their funds
      104 words
    • Article
      Lock icon Catherine Ong, chief executive of Catherine Ong Associates
      85 9 Compared to other msgor cities, Singapore's personal tax rates aren't high. When I was working in New York, my tax rate was almost half of my income after adding in city, tax and federal taxes; and when I was based in Hong
      85 words
    • Article
      Lock icon Singapore Chinese Chamber of Commerce and Industry
      108 9 We do appreciate such measures like increasing the Partial Tax Exemption threshold for companies from the current $100,000 to $300,000, enhancing the tax regime for start-ups enabling them to ei\joy a full three years of exemption, and giving SMEs a rebate on labour
      108 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      288 2 Budget 2007 Date Second Minister for Finance, Mr Tharman Shanmugaratnam, delivered his Friday, 2 March 2007 2007 Budget Statement in Parliament yesterday. Is the Budget what you had 9.00 am to I.oopm expectc j or hoped for? How are you affected by the tax changes? What are Venue your options?
      288 words
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      Lock icon Page 2 Advertisements Column 2
      322 2 The 2CX)7 Singapore Budget Speech will be delivered by Second Minister for Finance, Mr Tharman Shanmugaratnam, on 15 February. gudget To gain an insight into how the new Budget measures will impact Seminar 2007 your business, join us at our annual PricewaterhouseCoopers (PwC) L Budget Seminar. Speakers Panel*** Tax consultants,
      322 words
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      92 3 NANYANG EXECUTIVE MBA 'Global Leadership for the Asian Century From the Business School that brought you Singapore's #1 V v and Asia's #2* MBA program mw w T" i Jr k ;^|Sv. 7 fS'Sf "T J Nanyang Executive MBA Program A cut above the rest *Financial Tim— Ranking (Jan 2007)
      92 words
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  • Page 7 Advertisements
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      51 7 PENG KWEE 01 -45A PENINSULA PLAZA 6334 0155 02-90K PEOPLE'S PARK COMPLEX 6327 4628 01 -44 PEOPLES'S PARK CENTRE 6533 4619 01 -45 BENCOOLEN 6333 1921 01 -46 PENINSULA PLAZA 6334 5929 01-51 ORCHARD PLAZA 6836 6608 01 53 LUCKY PLAZA 6732 3243 0% Interest instalment plan for Credit Cards
      51 words
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      Lock icon Page 7 Advertisements Column 2
      37 7 Official Airline Official Brew Official Champagne Official Cargo Official Hotel Official Magazine Official Newspaper Official Radio Station Lufthansa fflKfflTOD Hi. PRESTIGE life! Class C)sfm m m'V-* c'Vf a.wrtro<K -MEmum-iMs Supporting Partners MUNIQUELY W ■■B M WEBER^ANDW |B
      37 words
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      Lock icon Page 9 Advertisements Column 1
      385 9 Ministry performance: what the numbers tell Selected key performance indicators by ministry a Top 25 3>O f loD s X SS h *9 Government funding per secondary school student in 2006 2 Estimated gross expenditure on R&D 55% Estimated proportion of gh Jk Jk as a percent of GDP in
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  • COMPANY NEWS
    • Article
      Lock icon DBS posts record $2.18b profit in 2006
      853 10  -  Total income grew 23% to $5.34b with all revenue streams showing increases By WONG WEI KONG DBS Group yesterday posted the biggest earnings in its 38-year history, with net profit in 2006 rising 32 per cent to a record $2.18 billion from a
      853 words
    • Article
      Lock icon SembMarine's Q4 profit more than triples to $95.3 m
      522 10  -  By DONALD URQUHART SEMBCORP Marine (SembMarine), the world's sec-ond-largest oil rig maker, said profit in the fourth quarter more than tripled as rig-building now comprises nearly 50 per cent of its business, thanks to continued surging demand from the offshore oil
      522 words
    • Article
      Lock icon Who would have short-sold 6.3 m Genting shares last Friday?
      643 10  -  HOCK LOCK SIEW By R SIVANITHY TONGUES were wagging in dealing rooms yesterday morning when the buying-in market opened and 6.3 million Genting International shares were bought-in at 90 cents each. Under the local market's current t+3 settlement rule, this
      643 words
    • Article
      Lock icon Omega told to make amends
      145 10 THE Singapore Exchange (SGX) yesterday ordered Omega Navigation Enterprises Inc to compensate buyers for trades done on Tuesday. Yesterday, the SGX also suspended trading in the shares of Omega, which has a primary listing on Nasdaq and a secondary listing on SGX. SGX said on
      145 words
    • Article
      Lock icon Keppel unit wins USs392m rig order
      380 10  -  By CONRAD RAJ ORDERS for offshore oil rigs continue to pour into Singapore with the world's largest builder of jackups, Keppel Offshore Marine (KOM), getting its first order of the year from Norway's Skeie Group for a KFELS N Class jackup worth a whopping
      380 words
    • Article
      Lock icon SGX, OCBC among world's 400 largest listed outperformed
      651 11  -  Annual Mercer ranking sees Asia growing its share of global market cap By Slow Li Sen TWO Singapore financial institutions the Singapore Exchange and OCBC Bank are among the world's 400 largest listed firms based on Mercer Oliver Wyman's shareholder performance index.
      651 words
    • Article
      Lock icon Wilmar's '06 profit surges 80.2%
      285 11  -  By JANICE HENG WILMAR International saw an 80.2 per cent surge in net profit for 2006 as fourth-quarter earnings more than doubled for the agribusiness group. For the three months to Dec 31, 2006, net profit rose to U5536.3 million from US$l4.4 million for the
      285 words
    • Article
      Lock icon Ban Joo reports net loss of $8.5 m in Q1
      347 11  -  By PAMELA CHEW BAN Joo Company, which has been trying to diversify its revenue stream, sank deeper into the red for its first half ended Dec 31, 2006. The textile manufacturer and distributor yesterday reported an interim net loss of
      347 words
    • Article, Illustration
      Lock icon HLF's full-year profit rises 21.6%
      317 11  -  By TETTYYANA JASLI DESPITE a 2.5 per cent fall in income before operating expenses, Hong Leong Finance (HLF) yesterday reported a $17.1 million, or 21.6 per cent, jump in net profit to $96.16 million for its full year ended Dec 31, 2006. The year's results
      File photo  -  317 words
    • Article
      Lock icon Time Watch placement to raise $11 m
      163 11 SESDAQ-LISTED watchmaker Time Watch Investments is issuing 34 million new shares at 33 cents each in a placement exercise that will see UOB Asset Management (UOBAM) become a substantial shareholder. The placement, through OCBC Securities, is expected to raise net proceeds of $11
      163 words
    • Article
      Lock icon COMPANY BRIEFS
      349 11 Huan Hsin profit rises 26% to $28.9m HUAN Hsin Holdings yesterday reported net profit for its financial year ended Dec 31,2006, rose 26 per cent to $28.9 million, or earnings per share of 7.22 cents. It said that revenue rose 28 per cent to $842 million, on stronger
      349 words
    • Article
      Lock icon Delong Hldg's Q4 earnings quadruple to $32.4 m
      372 11  -  By BENITA AW YEONG DELONG Holdings' net profit more than quadrupled to $32.4 million for the fourth quarter of 2006, due to higher average prices and sale quantity. The Q4 earnings, which compare with $7.76 million in the previous corresponding quarter, helped
      372 words
    • Article
      Lock icon Magnus' output surges 55%
      276 11  -  By RONNIE LIM MAGNUS Energy, the first listed company here to own Chinese oilfields, has just reported a 55 per cent increase in production to 650 barrels per day (bpd), giving it additional revenue of US$4.9 million this year. Through new drilling programmes at its 75-per-cent
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      Lock icon Page 10 Advertisements Column 1
      285 10 Asmery Enp Diners To apply, call 6416 0980 I A World of Exclusive Privileges Treats Diners Club JSSHBESH MSMSM -JL HHIBBMCMHeSHI 8 9 rmK 17 4 Mar 8007 a Mfrgi m ffF'I'WWH Sii ASQ /C%ma aai To Celebrate With J UnriittliSe*Cucumber Qtay, J 1 Jaxnp Over the Wall, Roast oco^dinner
      285 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      69 11 V 1 March 2007, Thursday (in English) 9 March 2007, Friday (in Mandarin) J The latest Budget announcements Income tax and GST implications Tax changes in the past year Time 2.00pm 6.00pm Venue RSM Chio Lim 18 Cross Street, #08-01 Marsh McLennan Centre Fee CLSF Client $68 (incl. GST) Public
      69 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stick to the index, forget the pennies
      541 12  -  STOCKS Again, the ST Index surges by 70 points to a new high while the broad market sags R SIVANITHY Senior Correspondent IT HAS been said many times before in this column to play the current bull market, investors should stick to the
      Sousce Bloomberg  -  541 words
    • Article, Illustration
      Lock icon Untitled
      918 12 SECURITIES TRADING SCOREBOARD MAIN SOQ TOTAL Up Down Uadi Up Down Umh Up Down Uwdi Multi Ind 4 8 5 0 1 0 4 9 5 Manufacturing 52 92 63 12 13 20 64 105 83 Commerce 18 38 26 6 4 11 24 42 37 Tpt/Stor/Comms 19 7 13
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    • Article, Illustration
      Lock icon BROKERS'TAKE
      939 12  -  Compiled by UMA SHANKARI BROAD-BASED growth across segments: FYO6 PATMI rose by 35.6 per cent to $1.02 billion from $750.5 million in FYOS. Excluding contributions from the discontinued operations of Premas and Raffles Holdings, PATMI surged 226 per cent to $1.0 billion from $307.6 million in FYOS. Ebit stood
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    • Article, Illustration
      Lock icon Yen spike leads fresh assault on US$
      540 12  -  CURRENCIES LARRY WEE Senior Correspondent STRONGER Japanese growth conspired with weaker US data to force another US dollar retreat yesterday, leading to a brief test of the 120 yen psychological support for the first time in a month yes- terday. Latest US numbers
      540 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Police arrest Mitsui trader who hid US$81 m losses
      579 13  -  ROGUE TRADING SCANDAL Naphtha team head being questioned; Mitsui Oil Asia to shut by March 2008 By RONNIE LIM POLICE have arrested the rogue naphtha trader who concealed US$Bl million of losses at Mitsui Oil Asia (MOA) in Singapore. The trader,
      579 words
    • Article
      Lock icon Israeli scientists say 'yes' to tie-up with NUS, NTU
      276 13  -  By Tamara Mohanan Kuppusamy A TEAM of scientists from the Israel Institute of Technology (Technion) have agreed to research collaboration with the National University of Singapore (NUS) and Nanyang Technological University (NTU). The visiting scientists and academics stated they were "very
      276 words
    • Article
      Lock icon SPHto launch storytelling contest
      222 13 SINGAPORE Press Holdings (SPH) and The Theatre Practice will launch Singapore's first Story Challenge competition next month. The contest, mooted as a "tournament of wit, imagination and eloquence", will have contestants displaying their narrative skill before an audience. Prizes worth over $5,000 will be given. "The
      222 words
    • Article
      Lock icon December retail sales up 15.2% from November's
      277 13  -  By MICHELLE QUAH RETAIL sales finished on a strong note, as expected, in December, buoyed by the increased seasonal shopping seen over the Christmas period. Total sales rose 15.2 per cent to an estimated $2.8 billion from November's $2.5 billion, according to the
      277 words
    • Article
      Lock icon Beauty Asia a big draw
      164 13 BEAUTY trade show Beauty Asia said yesterday there has been a 10 per cent rise in the take-up rate for booths at this year's event. It also expects 10 per cent more visitors than the 3,800 who attended last year. Beauty Asia, now in its
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      541 13 I 11 TENOR Approximately 20 YEARS I 11 TOTAL AMOUNT OFFERED SGD 2,500,000,000 I II MINIMUM DENOMINATION SGD 1,000 I Bp MAS' INTENDED TENDER AMOUNT SGD 300,000,000 I I (NON-COMPETITIVE) I ISSUE CODE NZO7IOOS I I ISIN CODE 5G7J*****174 I It ISSUE DATE/SETTLEMENT DATE 1 MARCH 2007 I II MATURITY
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      1487 13 —I IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FRESCO ADVISORS PTE. LTD. (Registration No. *****4478G) {In Members' Voluntary liquidation) NOTICE OF RESOLUTIONS [Pursuant to Sodion 290(2)(b)] An Extraordinary Gonoral Moating of the Company hold at One Marina Boulevard #2800 Singapore *****9 on the
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Rashid Hussain shares fall on bid uncertainty
      394 14 EON Capital has offered to buy RHB Capital for RMB.75b or RM4.80 per share Bloomberg Reuters. [KUALA LUMPUR] Shares of Rashid Hussain Bhd, the subject of competing takeover bids, slumped as investors speculated Kuwait Finance House will win control of the Malaysian bank
      Bloomberg; Reuters.  -  394 words
    • Article
      Lock icon BURSA MALAYSIA
      2519 14 VOL FebIS KM COOP) ASM Realty 146 0.04 5 AbricBhd .0.40 -0.01 783 Acp Industries 1.95 0.01 1830 Advance Synergy 0.3S -0.01 3978 AdventaBhd .0.83 -0.01 563 Ae Multi Hldgs .0.38 -0.01 253 Affin Holdings .2.37 -0.05 9297 Ahmad ZakiResou .2.60 unch 53 AkCorp 0.67 -0.03 330 Airasia
      2,519 words
    • Article, Illustration
      Lock icon Batam's tourism industry struggling to survive: paper
      408 14 [JAKARTA] A drastic decline over the past several years in tourist arrivals, particularly from neighbouring Malaysia and Singapore, has left the tourism industry in Batam, Riau Islands province, struggling for survival, title Jakarta Post reported. At least five star-rated hotels and dozens of
      File photo  -  408 words
    • Article
      Lock icon M'sian banks seen to consolidate
      259 14 ANALYSIS Bloomberg KUALA LUMPUR A TUSSLE between Kuwait Finance House and EON Capital Bhd for Malaysia's fourth-biggest bank, worth US$2.3 billion, may force the nation's financial services companies to seek partners to survive an increasingly competitive market. "If you don't have any plan to merge,
      Bloomberg  -  259 words
    • Article
      Lock icon Malaysia Smelting may update on Indon unit after CNY
      412 14 Bloomberg [JAKARTA] Malaysia Smelting Corp may provide more information about its Indonesian unit, PT Koba Tin, as early as Wednesday after local police arrested three directors in a probe into the possible use of illegal tin ore. A statement will be
      Bloomberg  -  412 words
    • Article
      Lock icon M'sia blocks sale of KL building to GE Life (M)
      232 14 [KUALA LUMPUR] Wisma Denmark, which houses the Kuala Lumpur civil courts, is back on the market after a deal to sell the property to a Singaporean insurer was rejected by the government, Malaysia's Business Times reported. Singapore's Great Eastern Life
      232 words
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  • GREATER CHINA/INDIA
    • BRIEFLY ASIA
    • Article, Illustration
      Lock icon Money woes piling up for HK Disneyland
      557 15  -  Likely refinancing of bank loans as well as govt loan with poor takings By JANE MOIR in Hong Kong THE health of a HK$6.l billion (Ssl.2 billion) loan to Hong Kong Disneyland by the city's government looks set to deteriorate as the theme
      HK DISNEYLAND  -  557 words
    • Article
      Lock icon Five-fold increase in Baidu fourth-quarter profit
      419 15 Reuters [BEIJING] Chinese Internet search leader Baidu Inc posted a five-fold jump in quarterly profits, beating estimates, on rapid growth of customers, but forecast first-quarter sales that fell short of expectations. The Beijing-based company, known as "China's Google", expected firstquarter revenue to double to
      Reuters  -  419 words
    • Article
      Lock icon India may lower tax rate for foreign firms
      198 15 The Economic Times [NEW DELHI] The Indian government is toying with the idea of lowering the tax rate for foreign companies in the forthcoming Budget to bring them on a par with India Inc, in a bid to project the country as
      The Economic Times  -  198 words
    • Article
      Lock icon Everbright Bank's profit up 22%
      201 15 Bloomberg [SHANGHAI] China Everbright Bank Ltd, the latest lender in the country to receive a government bailout, said profit rose 21.6 per cent last year on growing demand for loans and feebased services such as asset management. Lending expanded by 16 per cent in 2006,
      Bloomberg  -  201 words
    • Article, Illustration
      Lock icon Year of Pig signals conflicts and disasters: soothsayers
      478 15 AFP [HONG KONG] The world can expect a roller coaster ride of conflict and unrest, natural disasters and a plunge in global stock markets once the Year of the Pig begins, Chinese soothsayers say. As the world say farewell to the Year
      AFP  -  478 words
    • Article
      Lock icon China setting stage for Wen's Japan visit
      170 15 Chinese foreign minister arrives in Tokyo first for talks Reuters [TOKYOJ Japan and China hope to set the stage for a red carpet visit by Chinese Premier Wen Jiabao during talks here which began yesterday, but regional rivalry and friction over their wartime
      Reuters  -  170 words
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      37 15 I ft &1 I How does I IFM Holdings I I 811 /ir i ■B L iini B jit Vv I JMPB B MB I m II f u I FMJS»imfslßftBlrfDtii? I y?]ji>ii] >nmo j [»]iig<n i
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  • MIDDLE EAST
    • Article
      Lock icon Saudi Al-Qaeda unit calls for attacks on oil suppliers to US
      525 16 Attacks must not be limited to Mideast, it says, and names Canada, Venezuela and Mexico Reuters. AP [DUBAI] A Saudi wing of AlQaeda called for attacks on suppliers of oil to the US around the world, saying targets should
      Reuters.; AP  -  525 words
    • Article
      Lock icon Iraq may take a leaf from M sian constitution
      310 16 AP [KUALA LUMPUR] Iraq may model its reformed constitution on that of Malaysia, where ethnically diverse races have lived in harmony for decades, an Iraqi official was quoted yesterday as saying. "Our trip to Malaysia is an eye-open-eras to how Malaysia's
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      6050 16 UNIT TRUSTS FUNDS MN Amro Amt Mgt (S'porc) Star Europe Eqty!" 1.08V Star EtjopeBond 1.17* Star Europe 3d 1-241/ Star tain Tiger tqty 1347/ Star Asa Bond 132/ Star Asia Balanced 112/ Star Global Technology Fund!" 0.214/ Mult St Ed ***** Star Asu BondOJSOl 0*7/ GfcMultiStUSD— 1159/ Asa Bond Fd
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      21 16 AllianzGI RCM Global Twin-Focus Fund DEFINITELY SOMETHING TO I K&r M lU Call your Financial Advisor today or visit www.franklintempl«ton.com.sg INVESTMENTS
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  • World
    • Article, Illustration
      Lock icon SEC okays transatlantic merger
      334 17 Combined group launches offer for all outstanding Euronext shares Reuters. Bloomberg [AMSTERDAM] NYSE Euronext yesterday launched an exchange offer for all outstanding shares of panEuropean bourse operator Euronext after US securities regulators approved its transatlantic merger. The share offer runs from yesterday to March 21 and
      Reuters.; Bloomberg; AFP  -  334 words
    • Article
      Lock icon Industrial output drops by largest amount in 17 mths
      247 17 LATEST US DATA AP [WASHINGTON] US industrial output fell in January by the largest amount in 17 months, reflecting huge cutbacks at car factories. The Federal Reserve reported yesterday that output at the nation's factories, mines and utilities was down 0.5
      AP  -  247 words
    • Article, Illustration
      Lock icon MGM Mirage sees Q4 profit double to US$201 m
      367 17 Bloomberg [LAS VEGAS] MGM Mirage's fourthquarter earnings more than doubled as it sold condominiums and gamblers wagered more at its Las Vegas casinos such as the Bellagio and MGM Grand. Net income at the world's secondlargest casino firm rose to U*****.6
      Bloomberg; AP  -  367 words
    • Article
      Lock icon Calpers counts cost of curbs on emerging markets
      11 17 Reuters (San Francisco)
      Reuters  -  11 words
    • Article
      Lock icon LSE chairman upbeat on future after Nasdaq's bid: reports
      446 17 Reuters [LONDON] The chairman of the London Stock Exchange (LSE) does not think larg-est-shareholder Nasdaq would be an obstacle to future deals even after the US bourse lost a bid for its British rival. In interviews with three newspapers, Chris GibsonSmith
      Reuters  -  446 words
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      92 17 CHUC MLTNG NAM M6l! From the partners and staff of our new Vietnam offices in Ho Chi Minh City and Hanoi, happy lunar new year! Happy lunar new year! Aliens Arthur Robinson Ho Chi Minh City office Bangui Aliens Arthur Robinson Hanoi office Beijing Brisbane When you require local knowledge
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      414 17 TEXCHEM-r ACK HOLDINGS (S) LTD. Co. Reg. No. *****8296H (the "Company") NOTICE OF BOOKS CLOSURE AND DIVIDEND PAYMENT DATE Notice is hereby given that the Share Transfer Books and Register of Members of the Company will be closed on 8 May 2007 for the purpose of determining Members' entitlements to
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  • SHIPPING
    • Article, Illustration
      Lock icon Pakistan defends PSA incentives
      828 19  -  Its officials say incentives needed to develop region around Pakistan's Gwadar Port By DONALD URQUHART [SINGAPORE] Pakistani officials have defended the 40-year tax exemption given to the PSA International consortium as part of its concession to run the Gwadar Port and denied the tender was awarded
      YEN MENG JIIN  -  828 words
    • Article
      Lock icon HK's Jan container volume up 1.2%
      146 19 Bloomberg [HONG KONG] Hutchison Whampoa, PSA International and other port operators in Hong Kong handled 1.2 per cent more containers in January than a year earlier as China's growing trade fuelled demand. Cargo volume at Hong Kong, the world's secondbusiest container port, rose to
      Bloomberg  -  146 words
    • Article, Illustration
      Lock icon Japanese whaling ship catches fire
      184 19 AP [WELLINGTON] A Japanese whaling ship caught fire yesterday near Antarctica, leaving one crew member missing and raising fears of environmental damage to the frozen continent. The Nisshin Maru sent out a distress call early yesterday after the fire erupted below decks where whale carcasses
      AP; AFP  -  184 words
    • Article
      Lock icon Expansion delays at Aussie terminal could cut coal exports
      187 19 This could lead to higher prices in Asia: analysts Reuters [SYDNEY] Exports from Australia's Dalrymple Bay coal terminal are set to decline by about 10 per cent this year due to delays to expansion work. Less coal exported from the terminal,
      Reuters  -  187 words
    • Article
      Lock icon Q4 earnings soar for Wilh Wilhelmsen
      8 19 Bloomberg (London)
      Bloomberg  -  8 words
    • Article
      Lock icon TRANSPORT STOCKS
      289 19 SGX '000 FebIS S$ *h Vol Ch Offshore .0.44 1686 Chuan Hup Hldgs Qi33 unch '02' CoscoCocp 2.88 010 ***** Cwt limited jO.81 0.02 185 EoaHldgs unch unch 0 Freight Units 009 0.01 2621 Grand Banks A97 -0.02 3 Jaya Hold Ltd 148 unch 1359 KlVentures 0.32 unth
      289 words
    • Article
      Lock icon Chinese shipbuilder wins appeal case
      850 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE English Court of Appeal last week held that a Chinese shipbuilder did not breach the terms of two shipbuilding contracts after it failed to make earlier delivery dates available when it became possible for it to do so. The
      850 words
    • Article
      Lock icon Two dead as South Korean ship sinks off Japan
      11 19 AFP (Tokyo)
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Europe woos the educated tech savvy Indians
      803 20  -  THE BOTTOM LINE YOGI AGGARWAL FOR years, Indians, whatever their qualifications or talent, were unwelcome in many countries. Things began to change with the movement of labour to west Asia, and accelerated with the IT explosion in the United States. But it is
      803 words
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      Lock icon Blame the welfare state for US deficit
      831 20  -  With Americans unwilling to cut social benefits, budgeting has become an exercise in futility ROBERT SAMUELSON The Washington Post Writers Group Spend a moment studying the small table at the end of this article. It illuminates why another of America's annual budget battles
      The Washington Post Writers Group; REUTERS  -  831 words
    • Article
      Lock icon India: the world's next great power?
      943 20  -  By WILLIAM GRIMES All eyes are on China as it races to become the world's next great power. Smart bettors would be wise to put some money on India to get there first, and Edward Luce explains why in In Spite of the Gods:
      943 words
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      Lock icon Good Corp, Bad Corp
      418 21  -  Corporate social responsibility isn't a clear-cut matter; people are rarely consistent in ethical behaviours By DAVID VOGEL AP Sustainable balance, is American Apparel a virtuous firm? <y Merck |ias fyeen widely and appropriately applauded for its decision to develop, produce and distribute without charge the drug
      AP; AFP  -  418 words
    • Article, Illustration
      Lock icon With age comes wisdom and... creative genius
      691 21  -  By David W Galenson Joshua Kotin AP At 76, Clint Eastwood is making the best films of his career. Letters from Iwo Jima has been nominated for four Academy Awards including best picture and best director. (Flags of Our Fathers, which Eastwood also
      AP; REUTERS  -  691 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan economy expands 4.8% in final #06 quarter
      654 22  - Japan economy expands 4.8% in final 06 quarter Jump seen as strengthening case for central bank to raise interest rates By ANTHONY ROWLEY in Tokyo JAPAN'S economy showed surprisingly strong growth of an annualised 4.8 per cent in the final quarter of 2006, with consumer spending showing a strong bounce
      654 words
    • Article
      Lock icon US must lead in cutting gases: senators
      349 22 Only then can it encourage China and India to do so Reuters [WASHINGTON] Corporate moguls, policy experts and US senators spoke with one voice about global warming on Wednesday, telling a world forum that the United States must take a lead role in
      Reuters  -  349 words
    • Article
      Lock icon EU trade experts seek to drop China duties
      10 22 Reuters (Brussels)
      Reuters  -  10 words
    • Article, Illustration
      Lock icon Ex-economic tsar to serve under Thai PM
      358 22 Reuters, AFP, Bloomberg [BANGKOK] Ousted Prime Minister Thaksin Shinawatra's economic tsar will head a panel to explain Thailand's "sufficiency economy" policy to foreign investors, the militaryappointed government said yesterday. Somkid Jatusripitak, a former finance minister, will lead a nine-member committee to give a
      Reuters, AFP, Bloomberg; REUTERS  -  358 words
    • Article
      Lock icon Oil may drop to US$30 as investors flee: Bernstein
      283 22 Bloomberg, Reuters [NEW YORK] Oil will fall to USS4O a barrel by March and may drop to USS3O as rising storage costs widen the gap between spot and future prices, leading to a "breaking point" at which passive investors will flee,
      Bloomberg, Reuters  -  283 words
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  • Article
    Lock icon SINGAPORE STOCKS
    10804 23 SGX MAINBOARD Transaction date: Feb 15 52-Wk T«l Last Vol Day Lad Quota Mr GrVW Nat MCap Wgh low Coda Conyawy Sala COOP) Wgh tow Buyer Sdhr Cw W 33 1 5716 1st Software 2 susp 8.1 11.5 6 31 <8 STelecom 10 unch 343 10 10 10
    10,804 words
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      32 23 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates In sH markets Access to Asian, US, Euro stocks Select Exchange Itedsd Funds and Indices
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  • Article
    Lock icon FINANCE & COMMODITIES
    6999 24 FINANCE COMMODITIES USS/SS FORWARD RATES Feb IS s$ Wd Offf 1-month 1.5314 1.5326 2-months >5388 1.5301 3-months 1 5266 1 5279 6-months 1.5241 1 5254 Source: OCBC MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to tool an to SS to USS %<ly %y> dy y» dy %yt f«ti14 Imtoa Ch«nq« C*.k >qt
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      1545 25 UK CONTINENT SERVICE U.S-A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN MARYH CAM/NFK/NOC/SAV Loodi Singapore, E./W. Malaysia. Indonesia E7W. Malaga, Indonesia HIPOLIIABT BBBVICI WMJL MRVICE 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. Molaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES
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      655 25 IINTERASIA RORO HHVICi vßsa/vor qamped hbghtw hg kh ub i si i jkt STUITSar«BS3 30 4 02/02 04/03 01/02 11/02 11/02 STUITS EXHtBS 4 30 4 02/03 04/03 08/03 11/03 13/03 ST«AITS EXPKESS 5 30 4 01/03 11/03 13/03 [AUSTRALIAN RORO SERVICE VKSa/VOT KAJKPffT) HBGHTW IP I SOt I Ml
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      1513 26 WAN HAI INTERNATIONAL PIE LTD a no: **********0~ V TEL *****588 (14LINES) FAX; *****163 V \M\ \A/AM UAI I INEv CustomerSeryk*/BookkgjDtndUm-(1800)*****200 V I WW Mil IIMI UIIKJ mm:|O3)JMMItINU:ro]M2S2MrMnLMZ2UmFU:|MI2»Mn W- JOH IE: (07) *****73 HUb (07)*****21 SUR A: (031) 32*5475 HUb (031) *****14/ SWIStS Minnkni mm JBII;IBt)SB4IHFHt|OJI)S2S47WfIMIH:7I43W/*****1 M&7IU7V MM; (061)*****13 HUb
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      1224 26 1-jn EASTERN CAR LINER, LTD Vf V SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS ht»a-asia samcf vqy "sw tft mot) phuw) rm jkt I sw~ ia ww rni mmm GOLD MENAM 75 40 122 15/02 14/02 17/02 I 22/02 24/02 6BHKSM ~fl K S8 ***** TW~ hlffl H/B CORALHERO
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      Lock icon Page 26 Advertisements Column 3
      644 26 m aoas& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS ffSStl WT sm ftUWC COIOMIO w swtv* |ctK.omo~ imtMßHi OIIIW Ufa Min omit nta 27 fb MMIW OQtW 20FB 21 Fa 24 FB V Ffl BJM mrmm irma 27F8 2>fb 103 mm o>mm iomm ALSO
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  • The Business Times Shipping Times
    • Article
      Lock icon THE BUSINESS TIMES Shipping Guide Export
      6851 27 ETA ETA Advertiser Vms«I Voyage Telephone SIN Dtsfn Name Name nymbir Nuintur To ABIDJAN (ABJ) 2003 Cote D'lvoire 27/02 02/04 Delmas FLORA DELMAS 711W *****344 27/02 04/04 Delmas FLORA DELMAS 711W *****344 To ABU DHABI (AUH) 2004 U. A. Emirates 27/02 13/03 SCI SCIWYA
      6,851 words
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      431 27 IRISL, Qfo® [kjugjosQ Hon Qfo® IMdidM RasOj (sys&BfpQa Qfhixswsjlh IbSQU (fcx? ft® fimlkiiftd] jpofimite Btn os w/sHO @8 Q® (£ol]«§o (S&ymftrtfag fa Qfo® (fej&fosQ ftroimito Mum* SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: IRISL ASIA PTE LTD SINOSE MARITIME PTE LTD BOUSTEAD SHIPPING AGENCIES SDN
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      Lock icon Page 27 Advertisements Column 2
      361 27 igaa =ss=nllßr w« _I_wi__J__ll2B_l_!lM_ —TSsI -m® fflTiT 7m J *U JL EE. aßig I iiS I m I iwn 1 li^lteals^ljslj^l VKSIL VOY SM PAS« GUOAHC CHfTTAGOHG S"=~iw iiiti \m= Mi tif= Marts Tli| M in l«Oufc(PAT) hmCUbmf P.Gafa* Mw* Vtml v*y>* |tj ~t> m >)i Id in I trf~
      361 words
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      Lock icon Page 27 Advertisements Column 3
      300 27 rife GLORY NAVIGATION GROUpI II sma i«70) I OWNS A OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS I m REGULAR WEEKLY SERVICES: B IKAOHSIUNO A CHINESE PORTS, HONG KONG TO A from I SOUTHEAST ASIA J SMOOTH HUP WOON SMFFMG
      300 words
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  • ARTS
    • Article, Illustration
      Lock icon An exploration of alternative sexuality
      458 29  -  THEATRE 'Fundamentally Happy' is a provocative play that deals with the sensitive issue of paedophilia, says PARVATHINAYAR PARVATHI NAYAR THE Necessary Stage's recent revival of playwright Haresh Sharma's 2006 work Fundamentally Happy worked well as part of this year's Ml Singapore Fringe Festival whose theme
      458 words
    • Article
      Lock icon HK's 'Abigail Sin' charms
      474 29  -  SPOTLIGHT HONG KONG By MATTHEW PHAN SINGAPORE may have Abigail Sin, but Hong Kong has Rachel Cheung a piano virtuoso so enthralling that piano music lovers who missed her chamber recital last Saturday ought to kick themselves. Before a small audience in the very chamber of
      474 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      2422 29 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STEEL EAST (PTE) LTD (Co. Rag. No. *****3944G) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of the members of Steel East (Pte) Ltd duly
      2,422 words
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      Lock icon Page 29 Advertisements Column 2
      498 29 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF THAI SANG PAWNSHOP PTE LTD (IN COMPULSORY LIQUIDATION) Company Registration No. 19*2011 »ZW 1 NOTICE OF INTENTION TO DECLARE DIVIDEND Name of Company THAI SANG PAWNSHOP PTE LTD (IN COMPULSORY LIQUIDATION) Address of Registered Office c/o
      498 words
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      Lock icon Page 29 Advertisements Column 3
      495 29 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GREEN POINT (S.EA) PTE LTD (Co. Reg. No. **********) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of the members of GREEN POINT (S.EA) PTE LTD duly
      495 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      242 29 CRYPTIC CROSSWORD 1 One end up, perhaps, and I not yet broken (8) 12 Staff's time put into rescues (6) |nJ LnJ LhJ j 14 Put a proposal against crazy 19 HH DOWN 13 Deceptive-trick by undercover YESTERDAY'S SOLUTION 1 Sporadic outbreak of flu com- Lhm^ 5 a Actos#: I.
      242 words
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  • COVER STORY
    • Doing it their way
      • Article, Illustration
        Lock icon Sticking to the traditions instilled in him
        480 30  -  WILLIAM CHUA Chairman, Goldbell Engineering LIKE many of his peers, William Chua is a businessman who appreciates the fmer things in life. Over the years, he has been a collector of Chinese art, porcelain and furniture and is also a connoisseur of food
        FILE PHOTO  -  480 words
      • Article, Illustration
        Lock icon Ringing in CNY with gratitude and respect
        284 30  -  ARTHUR TAY Chairman, SUTL Group OVER the past 20 years or so, it has been a tradition for the SUTL Group (which is in trading and the lifestyle industry) to open its offices in Pasir Panjang, bid a formal farewell to the previous
        FILE PHOTO  -  284 words
      • Article, Illustration
        Lock icon Celebration with a touch of China
        340 30  -  JI HAI SHENG Vice-chairman, Cosco TUNING in to Chinese cable station CCTV on Chinese New Year's eve for the countdown has become de rigueur for Ji Hai Sheng, a Chinese national, who celebrates the eve with some colleagues and friends, besides his wife. The
        BLOOMBERG  -  340 words
      • Article, Illustration
        Lock icon This clan prefers to catch a movie
        524 30  -  KENNY YAP Executive chairman, Qian Hu Corp WHILE the Yap family celebrates Chinese New Year in a fairly traditional way gathering for the reunion dinner, tucking into once-a-year special dishes, playing mahjong it has also created a family tradition of its own. And
        FILE PHOTO  -  524 words
      • Article, Illustration
        Lock icon Better late than never
        275 30  -  RICHARD WONG Managing director, Bee Cheng Hiang THE Wong family has never had a reunion dinner on CNY eve itself not one that Richard Wong, 50, MD of bak kwa (barbecued pork) maker Bee Cheng Hiang, can recall. "In our line of business, we're still at
        FILE PHOTO  -  275 words
      • Article, Illustration
        Lock icon An opportunity to catch up
        358 30  -  HO NAI CHUEN Managing director, On Cheong Jewellery WHILE some take the opportunity to travel during Chinese New Year, Ho Nai Chuen, 51, prefers to stay in Singapore, as he has a traditional view of the season seeing it as the opportunity to catch up
        FILE PHOTO  -  358 words
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  • CINEMA/WINE
    • Article, Illustration
      Lock icon Visionary who believes in Asia
      781 31 Successful international film producer Andre Morgan tells PARVATHINAYAR that Asian films need to conquer their extended local markets before taking on Hollywood /Wjk JB Y goal is to be 1% MM involved with m\ Mm talented film i g I companies in 1 m a
      ARTHUR LEE  -  781 words
    • Article
      Lock icon A flawed but satisfying fix
      414 31  -  By PARVATHI NAYAR TEENAGERS often tell their parents that being read the riot act doesn't work, even if they know their parents are morally in the right. In Protege, director Derek Yee tells us that drugs are bad, bad, bad which is good, but what's
      414 words
    • Article
      Lock icon An eclectic but enlightening selection
      805 31  -  By N K YONG THE following notes came from the extensive tasting two weekends ago chaired by Serena Sutcliffe and David Peppercorn. The selection was eclectic, including not only wines from the most famous names in France, Italy, Spain and Germany, but also new names
      805 words
    • Article, Illustration
      Lock icon The danger of seductive secrets
      541 31  -  By GEOFFREY EU IN Notes On a Scandal, Barbara Covett (Judi Dench) is a crusty old battle-axe who has been a fixture at a barely serviceable comprehensive school in London's East End for longer than some of the history she teaches. She's a jaded, lonely
      541 words
    • Article, Illustration
      Lock icon A smartly made but predictable thriller
      348 31  -  DVD By PARVATHI NAYAR SENTINEL may not be the best example in the "Plot to Assassinate the US President" genre, but it is smart•ly made with an interesting bunch of actors, and offers a satisfying bout of couch potato movie watching. Director Clark Johnson
      348 words
    • Article
      Lock icon 'Just Follow Law' just not worth following
      399 31  -  By GEOFFREY EU JACK Neo is nothing if not consistent when it comes to making movies and sadly, his latest offering Just Follow Law provides ample proof of that. Let's see: Singlish title and cheeky pun (check). Local theme infused with lecturing tone
      399 words
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  • executive lifestyle
    • Article
      Lock icon A great, roll-inthe-pay-dirt year
      576 32  - A great, roll-in-the-pay-dirt year off the cuff jaime ee HAPPY New Year. This is your friendly neighbourhood geomancer, and I have kindly agreed to provide free predictions for the Year of the Pig. For individual predictions, please log on to my website www.pakkua.com. Not only does it holds secrets to
      576 words
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