The Business Times, 24 February 2007

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

Microfilm: NL27324
Total Pages: 20
1 20 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    16 1 THE BUSINESS TIMES weekend SINGAPORE 85 carts r A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006
    16 words
  • Article, Illustration
    Lock icon The new face of S'pore philanthropy
    970 1  -  Widened tax incentives seen fostering an already growing trend among business, wealthy individuals By CONRAD TAN [SINGAPORE] The philanthropic scene in Singapore is still young, but more wealthy individuals and companies are showing an interest in giving their time or money for worthy causes.
    970 words
  • Article
    Lock icon S'pore can move into upper half of First World in 10-20 years
    498 1  -  Next 5 years will be good for growth, says MM Lee By DANIEL BUENAS [SINGAPORE] The next five years will be good for Singapore and the country can raise itself into the "upper half' of the First World
    498 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Star Cruises posts US$147.6m loss in Q4; shares down sharply
      454 2  -  Higher operating costs and impairment loss of US$30.6m cited as main reasons By S JAYASANKARAN in Kuala Lumpur STAR Cruises Ltd, the company partly awarded a licence to operate the Sentosa integrated resort (IR) project, yesterday announced a U*****.6 million
      454 words
    • Article, Illustration
      Lock icon Adding the personal touch to corporate giving
      659 2  -  By JANICE HENG [SINGAPORE] Corporate giving has moved on from just fund-raising and cheque-writing, vital as these activities are. More companies are interacting directly with beneficiaries, in such ways as painting murals, organising carnivals, and even teaching inline skating. These' partnerships were made
      659 words
    • Article
      Lock icon MARKETS DIGEST
      134 2 sn 3,***** (+21.59) ST INDEX FUTURES 3,310.00 (+21.00) SIMSCI 404.45 (+2.15) SIMSCI FUTURES 404.90 (+2.40) MARKETS Friday Change KLCOMP 1,283.47 +6.95 NIKKEI 225 18,188,42 +79.63 HANG SENG 20.711.65 -97.58 SET INDEX 690.76 -2.85 JAKARTA COMP 1.791.55 -16.89 MANILA COMP 3,389.37 +23.84 SEOUL COMP 1,469.88 +4.47 SHENZHEN B dostd
      134 words
    • Article
      Lock icon Johor economic zone investment on track: officials
      549 2 Deals with Aman Resorts and budget hotel also inked AP Bloomberg [PULAI. Malaysia] Malaysia has attracted a fifth of its initial investment target for a huge development project in Johor, and signed leisure deals for the project with luxury Aman Resorts and a
      AP; Bloomberg  -  549 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      622 2 UlC's net profit rises 145%to$492min 2006 EARNINGS more than doubled for United Industrial Corporation for the year ended Dec 31,2006, thanks to a huge property revaluation surplus. The year also saw its subsidiary Singapore Land reporting 12 per cent rise in net profit to $100.4 million, helped by
      622 words
  • Page 2 Advertisements
Page thumbnail Page 3
  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon High-flying scion
      1987 3 Lance Gokongwei, only son of taipan John Gokongwei, now heads the listed Philippine conglomerate JG Summit Holdings. Lance has already proven his mettle by setting up the highly successful budget carrier Cebu Pacific. He talks to AL LABITA about having to step into his father's gigantic shoes TAKING
      1,987 words
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      61 3 Raffles^ Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels and Resorts. The Traveller's Palm in the Raffles Hotels and Resorts logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in
      61 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Heavy trading lifts STI to new high
      384 4  -  STOCKS CONRAD TAN Reporter IT WAS a short week, but the punters were out in force. Heavy trading drove the Straits Times Index (STI) to a fresh peak of 3,310.44 points yesterday, a net gain of 21.59 points or 0.66 per cent By
      384 words
    • Article, Illustration
      Lock icon ST Telemedia to get US$1b for acquisitions
      446 4 Bloomberg SINGAPORE Technologies Telemedia, a unit ofTemasek Holdings, will-get USsl billion from unit Asia Mobile Holdings to use for potential acquisitions, people dose to the deal sakL C Asia Mobile is borrowing about USS96O million for six to nine months, and will later
      Bloomberg  -  446 words
    • Article, Illustration
      Lock icon Revaluation surplus boosts UIC's profit by 145%
      464 4  -  Subsidiary SingLand's earnings climb 12% to $100.4 m By UMA SHANKARI EARNINGS more than doubled for United Industrial Corporation (UIC) for the year ended Dec 31, 2006, thanks to a huge property revaluation surplus. The year also saw its subsidiary Singapore Land (Sing
      FILE PHOTO  -  464 words
    • Article
      Lock icon Court rejects attempt to get APB's fraud report
      378 4  -  By WEE LI-EN FOREIGN banks suing Asia Pacific Breweries (APB) for the money which a former employee of the brewery cheated them out of cannot get reports of how the fraud took place, the Court of Appeal has ruled. APB's former finance
      378 words
    • Article
      Lock icon Del Monte posts full-year net of US$21m
      218 4  -  By PAMELA CHEW DEL Monte Pacific yesterday announced a 13 per cent rise in net profit for 2006 to US$2l million. Revenue for the premi-um-branded food and beverage products group rose 9.5 per cent to U*****.4 million. The company returned to full-year profit
      218 words
    • Article
      Lock icon COMPANY BRIEFS
      363 5 Oei completes Tung Lok share swap OEI Hong Leong has ceased to be a substantial shareholder of Tung Lok Restaurants 2000 Ltd. This follows Oei Hong Leong Foundation's transfer of its entire 20 million shares, or a stake of 14.29 per cent, to Novena Holdings in exchange for
      363 words
    • Article
      Lock icon OSIM shares gain 9% on Q4 earnings report
      486 5  -  But analysts' views are mixed as outlook remains challenging By PAMELA CHEW SHARES of OSIM International rallied yesterday after the company posted an 85 per cent jump in fourthquarter earnings. Despite mixed views from analysts on the group's prospects, OSIM's stock surged
      486 words
    • Article, Illustration
      Lock icon YHI Int'l reports 8% earnings rise
      457 5  -  By SAMUEL EE YHI INTERNATIONAL'S net profit for the full year ended Dec 31. 2006, rose 8 per cent to $27.5 million, thanks mainly to continued growth in its alloy wheel manufacturing business. Turnover climbed 12 per cent to a record $375.2 million. In
      FILE PHOTO  -  457 words
    • Article, Illustration
      Lock icon Trek chalks up 74% jump in net profit
      289 6  -  Stronger licensing revenue helps boost bottomline By ROLAND LIM PORTABLE data storage device maker Trek 2000 International has reported a 74 per cent surge in full-year net profit to USss.l million on stronger licensing revenue and increased interest income. For the financial
      289 words
    • Article
      Lock icon Straits Asia gets tie-up offers as earnings rise
      414 6  -  It plans further investment in its mines to boost productivity in '07 By TAMARA MOHANAN KUPPUSAMY STRAITS Asia Resources is being approached by regional firms that want to collaborate with the recently listed mining group. The offers have come amid higher earnings
      414 words
    • Article, Illustration
      Lock icon Petra in cocoa joint venture
      433 6  -  By BENITA AW YEONG PETRA Foods has struck a deal to acquire a majority stake in a joint venture (JV) with Armajaro Holdings, a London-based global commodities trading and financial services group. The JV, to be named Petra Armajaro, will manufacture. sell and distribute cocoa
      433 words
    • Article
      Lock icon SGX MAINBOARD
      7837 6 Transaction date: Feb 23 52-Wk Tel Latf Vol Day tart Quote Wv GrVtd Not MCjd W# Lou> Code Cf» Sale W- raw) HWi Uo inyr Sdhr Cw he 3.5 1 5716 1st Software 2 susp 8.1 11.5 6 3148 8Te£com 105 3T 900 10.5 10.5 10.5 11 4.9
      7,837 words
    • Article
      Lock icon Genting Int'l reports 48% earnings plunge to $56.9m
      205 7 GAMING firm Genting International yesterday posted a 48 per cent slump in 2006 profit, hit by investment losses and higher interest expense. The Singapore-listed affiliate of Malaysian gaming group Genting Bhd reported a net profit of $56.9 million for calendar year 2006.
      205 words
    • Article
      Lock icon M&C's Q4 profit doubles to £50m
      501 7 Full-year profit up 64% as room rents go up in New York and S'pore Bloomberg [DUBLIN] Millennium Copthorne Hotels (M&C), the operator of the Biltmore in Los Angeles and the Mayfair in London, said fourthquarter profit doubled as customers paid more for rooms in
      Bloomberg  -  501 words
    • Article
      Lock icon SGX
      5419 7 Transaction Date: Feb 23 MOST ACTIVE STOCKS VOLUME I VALUE<$) Gentntl 101.446.000 PBSGro 137.778.900 LfTAC 82.410.000 OCBCBk 124.44ft.650 ChinaEntSo 65.939.000 Gen Intl 81.340,970 Noble Grp 50.823.000 CapitaLand 74.2S0.900 Manhattan Res 39.460.000 UTAC 73.353.505 Global Test 38l261.000 Noble Grp 71.800.220 LottVis 37.S34.000 Keppel Corp 67.933.100 Global Voke 36.322.000 SGX 64.373.600
      5,419 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      609 4 Mandatory Unconditional Cash Offer w Morgan Stanley MORGAN STANLEY DEAN WITTER ASIA (SINGAPORE) PTE. (Incorporated in the Republic of Singapore) (Company Registration No. *****6298Z) for and on behalf of TOKIO MARINE NICHIDO TOKIO MARINE NICHIDO FIRE INSURANCE CO., LTD. (Incorporated in Japan) (Company Registration No. 0199-01-*****4) to acquire all the
      609 words
Page thumbnail Page 5
Page thumbnail Page 6
Page thumbnail Page 7
Page thumbnail Page 8
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Nippon Express opens 3rd logistics centre here
      298 8  -  By PAMELA CHEW FREIGHT forwarder Nippon Express officially opened its new 28,700-square-metre logistics centre at the Airport Logistics Park of Singapore (Alps) yesterday. The ceremony was officiated over by Minister of State for Trade and Industry Lee Yi Shyan, who said that the
      298 words
    • Article
      Lock icon UK's XP Power to shift global HQ to S'pore
      575 8  -  Firm will set up XP Power S'pore, which will be its holding company By AMIT ROY CHOUDHURY BRITISH power supply equipment maker XP Power pic has announced plans to move its global headquarters to Singapore to make the group more "Asia-centric".
      575 words
    • Article
      Lock icon Consumer prices up 0.3% in Jan, led by food prices
      266 8 HOUSING costs declined 0.7 per cent in January, due mainly to lower electricity tariffs and domestic refuse removal fees, according to the Department of Statistics. On the whole, however, last month's consumer price index rose 0.3 per cent from a
      266 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      2300 8 UNIT TRUSTS FUNDS AA«™iwonwiTsa8 u® MMNi»KRa iomoijmijw m%amtdmiusd na gw»t»*w *522" r. 1 W» 'JJJEJS 2£S£XS** *Amrlnran*ATU50 U4I IMKImTVRmNCM KBU«WS2»« W<l)»«iHu«UB 2*56 SBO—»W_ I AMD Oil OF M»IBI 1U1* «J*JWnW" E1CTOH7 Matfiom ?®SSIS UHwimmlTUS »7» OWSCkWAgftuKuB *****2*12*3*13 Fdd*MtFeaa(U3) 27 JO 9b0±*mmi6tmi HOWI frnmumi *J® UOkOvMiHt._____ 'JK5P O*oPa201* 0J7W297* tm Aam
      2,300 words
    • Article
      Lock icon Industry urged to channel issues through SSA
      375 9 THE shipping community here has been urged to voice its concerns and channel issues through the Singapore Shipping Association (SSA) for "higher-lev-el deliberation" in local and international forums. Encouraged by the response from the government to the shipping group's "wish list" of incentives
      375 words
    • Article
      Lock icon Work-life balance works: NUS study
      208 9 FLEXIBLE work schedules do indeed encourage families to have more children. That finding—one of several in a recent study by the National University of Singapore (NUS) affirms the government's focus on work-life friendly practices. The study showed that respondents who felt they could adjust their
      208 words
    • Article
      Lock icon Citibank to up market share in bancassurance
      613 9  -  It will tap both high-net-worth, mass-market segments By WONG WEI KONG CITIBANK plans to boost its presence in bancassurance in Singapore, aiming to double its market share to 10 per cent in the next two years. Announcing this yesterday. Citibank Singapore's head of
      613 words
    • Article, Illustration
      Lock icon Making the Asian voice heard in world shipping
      562 9  -  Reports by GEORGE JOSEPH A NEW generation of young and confident Asian shipowners who have emerged as major players in world shipping now want to have a bigger voice in the global industry. And Singapore is making it happen by hosting a
      FILE PHOTO  -  562 words
    • Article
      Lock icon BURSA MALAYSIA
      2454 9 VOL Feb 23 KM *1- r<m ASMRealty 1.50 -0.06 9 AbncBhd .0.45 -0.03 335 Acp Industries 1.98 -0.01 676 Advance Synergy .040 -0.01 5391 AdvertaBhd .0.93 0.04 112 AeMuIti Hldgs 0.47 unch 461 Affin Holdings 334 0.04 ***** Ahmad ZakiResou .2.71 -0.05 68 Ak Corp 0.76 unch 3007
      2,454 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      34 8 You can now use your CPF savings to invest in AllianzGl RCM Global Allianz (mi) High Payout Fund. Visit our appointed distributors for more details. Global investors (nmp.in\ t-vn no *****/ lb 4 )Z
      34 words
Page thumbnail Page 9
Page thumbnail Page 10
  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia may check safety of Boeing planes
      360 10 Outcome depends on inspection of Adam Air's aircraft Bloomberg [JAKARTA] Indonesia may conduct safety checks on all Boeing Co 737-300 planes operated by domestic airlines after an accident this week involving the same type of aircraft, its Transport Ministry said. Jpdonesia may expand
      Bloomberg  -  360 words
    • Article, Illustration
      Lock icon Genting may sell oil palm unit: paper
      434 10 Interested parties could include Wilmar, PPB Group or Permodalan [KUALA LUMPUR] Genting Bhd, the world's fifth largest casino operator, may sell its 54.8 per cent subsidiary, Asiatic Development Bhd, as the group wants to fully focus on its global gaming business, Malaysia's Business
      BLOOMBERG  -  434 words
    • Article
      Lock icon No govt influence in rising stock market: Abdullah
      181 10 AFP [KUALA LUMPUR] A steady rise in Malaysian share prices was not due to any influence by the government, Prime Minister Abdullah Ahmad Badawi said in a dispatch by the state-run Bernama news agency late on Thursday. Asked if the government had
      AFP  -  181 words
    • Article
      Lock icon UFJ deal a 'blessing' for Bumi-Commerce
      255 10 AFP [KUALA LUMPUR] TokyoMitsubishi UFJ's decision to raise its stake in a Malaysian bank from 1.1 per cent to 4.5 per cent is a "blessing of the world's largest banking group", analysts said yesterday. Bumiputra-Commerce Holdings, the listed parent of Malaysia's second-larg-est bank CIMB,
      AFP  -  255 words
    • Article, Illustration
      Lock icon Telekom beats expectations with RM631.6m Q4 earnings
      358 10 Reuters [KUALA LUMPUR] Statecontrolled Telekom Malaysia Bhd returned to profit in its fourth quarter with bet-ter-than-expected results, boosted mainly by offshore mobile phone earnings. Telekom has been expanding overseas, hoping that fast growth in foreign markets such as India and Indonesia will help
      Reuters; BLOOMBERG  -  358 words
    • Article
      Lock icon Indonesian government approves tin export permit for Timah
      361 10 Reuters [PANGKALPINANG, Indonesia] Indonesia has approved a tin export permit for state mining firm PT Timah Tbk under new export rules, the company's presi* dent director said yesterday. m The government has is* sued stringent rules for tin exports in an effort
      Reuters  -  361 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      48 10 We Are... ADWORDS AUTHORISED R ESELLER gittaS Google" Advertise On The Premier Search Engine With Us Now! www.googlereseller.com.sg Contact Us 6872 2725 Lianhe Zaobao I Sales of gold I pit I in Guangzhou I I during the CNYI I Golden Week I I I I I Itroewt I
      48 words
Page thumbnail Page 11
  • GREATER CHINA
    • Article, Illustration
      Lock icon Hutchison Telecom shares drop over dividend plan
      326 11 Reuters [HONG KONG] Shares of Hutchison Telecommunications International Ltd ended 7 per cent lower yesterday after the company unveiled a plan to pay a special dividend totalling US$4.l billion following the sale of its Indian mobile unit. The stock fell as much as
      Reuters; Source Bloomberg  -  326 words
    • Article
      Lock icon Tenders submitted for HK's biggest government project
      518 11  -  HK$5.2b Tamar development triggered protests by conservationists By JANE MOIR in Hong Kong TENDERS have been submitted for the HK$5.2 billion (Ssl billion) Tamar development, Hong Kong's biggest government project in years and one that has been fraught with controversy. Perched on the
      518 words
    • Article, Illustration
      Lock icon CHEERIO
      43 11 [BEIJING] A young woman walks past a large cherry blossom tree poster on display in Hong Kong on Thursday. Cherry blossoms, known as 'sakura' in Japan, have been celebrated for many centuries and take a very prominent position in Japanese culture AFP
      AFP  -  43 words
    • Article
      Lock icon Buffett rejects calls to sell PetroChina stake
      385 11 He says divestment would not improve Sudan situation Bloomberg [HONG KONG] Billionaire Warren Buffett's Berkshire Hathaway Inc rejected investor calls to sell shares of PetroChina Co, whose parent has an oilfield stake in Sudan, accused by the US Congress of genocide. Offloading the
      Bloomberg  -  385 words
    • Article
      Lock icon Lenovo looking to become household US name
      449 11 Officials hoping sponsorship deals will lead to sales AP [MORRISVILLE, North Carolina] With sporting event sponsorships and partnerships with large retail chains, Lenovo hopes to soon become an American household name. But for now the sales of the Chinese-based computer maker still lag
      AP  -  449 words
    • Article
      Lock icon HK home prices see rising up to 15% this year
      325 11 [HONG KONG] The property market looks set to pick up steam this year as the wealth effect of the buoyant stock market and wage rises enhance affordability, while appreciation of the yuan and the emergence of negative deposit rates improve
      325 words
    • Article
      Lock icon US may move WTO against China piracy
      304 11 Reuters [WASHINGTON] The United States might file a case at the World Trade Organization (WTO) unless China takes more action soon to reduce piracy and counterfeiting of American goods, the US Trade Representative Susan Schwab said on Thursday. "We are all going to
      Reuters  -  304 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      136 11 >AT^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HUDSON LAND PTE LTD (Co. Reg. No. *****3359 C) At an Extraordinary General Meeting of the Company deemed to have been held pursuant to Section 179 (6) of the Companies Act, Cap. SO on
      136 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      157 11 BAI CHIN (SINGAPORE) PTE LTD Compwy Registration No: *****0476E (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY QIVEN that a Final General Meeting of the Company wMI be haW on 24tfi March 2007. 12 p.m. at 151 Chin Swee Road, #02-20, Manhattan Houae, Singapore *****6 for the
      157 words
Page thumbnail Page 12
  • INDIA
    • Article, Illustration
      Lock icon India plays key role in new Intel chip
      374 12 AFP [BANGALORE] Half the work on a new Intel chip, a fingernail-sized device that offers supercomputer performance. was done by engineers at its India research centre, the company said Thursday. A 20-member Indian team led by Vasantha Erraguntla. a 15-year Intel veteran
      AFP  -  374 words
    • Article, Illustration
      Lock icon India may further cut duties on edible oils
      783 12 Move part of government's measures to tackle rising inflation Reuters [NEW DELHI] With newspapers splashing food prices across front pages, India may seek to tackle rising inflation in next week's budget by further cutting duties on edible oils and extending a window
      Reuters; AP  -  783 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      898 12 For week beginning Feb 19 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Sefcsaatial Buy Na of Met SHAREHOLDING Trans Shareholder' Sal Sharaf Par Before After Stock Data Director Com WO *1 COOP) COO) Manhattan Res 23-Feb-07 Tan Kwee Hiang Sell 9398 na ***** 6.99 ***** 4.59 Manhattan Res 23-Feb-07 Chong
      898 words
    • Article
      Lock icon India wants to become chip production hub
      459 12 AFP [BANGALORE] India is to offer microchip makers incentives including tax breaks and subsidies to set up factories, a policy the industry welcomed yesterday to lure global giants and turn the country into a chip manufacturing hub. "The policy will go a long
      AFP  -  459 words
    • Article
      Lock icon Hutchison denies Essar's rights claim: report
      272 12 IMUMBAI] In what might lead to a legal battle between the two former partners, Hutchison T elecomm unications International Ltd (HTIL) has formaUy refuted the Essar Group's claim of right of first refusal (ROFR) over the former's stake, says a report in Business Standard.
      272 words
    • Article
      Lock icon Bharti close to deal with Wal-Mart on retail JV
      311 12 Reuters [NEW DELHI] India's Bharti Enterprises is close to finalising a deal with US retail giant Wal-Mart Stores, Bharti's chief said yesterday. "We are very close to a deal," Sunil Bharti Mittal told reporters after meeting Planning Commission Deputy Chairman Montek
      Reuters  -  311 words
    • Article
      Lock icon US to open high-tech exports to India
      219 12 AFP [WASHINGTON] US-India trade, which has seen barriers fall dramatically in recent years, will get an additional boost once a US programme fostering high-tech exports goes into effect this year, Commerce Secretary Carlos Gutierrez said on Thursday. "In a few months, our Trusted
      AFP  -  219 words
Page thumbnail Page 13
  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Bangkok won't revise pacts with S'pore
      308 13 Xinhua [BANGKOK] Thai Prime Minister Surayud Chulanont said yesterday that Thailand will not revise its military cooperation accords with Singapore despite protesters calling for an end to Singapore's use of the north-eastern Udon Thani Royal Thai Air Base. Although there have been some minor
      Xinhua  -  308 words
    • Article, Illustration
      Lock icon British mansion tops world's priciest homes
      349 13 Reuters [NEW YORK] For a mere US$138 million, you can own a cozy 103-room English country home, with a panic room, marble driveways and helipads a property that tops the 2007 Forbes annual list of the world's priciest homes for sale. Updown Court in
      Reuters  -  349 words
    • Article
      Lock icon Sanyo under probe, stock tumbles 29%
      490 13 Watchdog looking into its earnings involving bookings of losses: source Reuters [TOKYO] Shares of Sanyo Electric fell as much as 29 per cent yesterday due to an investigation by Japan's securities watchdog into its past earnings, the latest blow to the embattled Japanese consumer
      Reuters  -  490 words
    • Article
      Lock icon Thailand to ease curbs for certain fund inflows
      311 13 Reuters Bloomberg [BANGKOK] Thailand plans to announce soon that certain short-term foreign money to be invested in b»adft awi mutual ftinds wtt fce exfempt from capital controls imposed In December, the central bank said yesterday. The foreign inflows to be exempted from
      Reuters; Bloomberg  -  311 words
    • Article
      Lock icon The Philippines eases foreign exchange rules
      385 13  -  Move to keep economy in step with global markets By AL LABITA in Manila IN a move hailed by foreign investors, the Philippines late on Thursday further eased its foreign exchange (forex) rules to keep its economy in step with the trends in the
      385 words
    • Article
      Lock icon TSE, LSE formally announce long-term cooperation
      539 13  -  By ANTHONY ROWLEY in Tokyo THE Tokyo Stock Exchange (TSE) and the London Stock Exchange (LSE) yesterday formally announced that they will work towards an alliance that will add to an expanding mosaic of mergers and collaboration agreements among exchanges around the world. Just
      539 words
    • WORLD WATCH
      • Article
        Lock icon Komatsu under probe over insider trading
        111 13 AFP [TOKYO] Japan's largest construction machinery maker Komatsu Ltd said yesterday that it was under investigation by the country's securities watchdog over alleged insider trading. "The company is being investigated by the Securities and Exchange Surveillance Commission in connection with the purchase of its
        AFP  -  111 words
      • Article
        Lock icon UK economy grows unrevised 0.8% in Q4
        107 13 Reuters [LONDON] Britain's economy grew an unrevised 0.8 per cent in the fourth quarter, the fastest pace in more than two years as household spending rebounded sharply, official data showed yesterday. The Office for National Statistics said GDP in the last three months
        Reuters  -  107 words
      • Article
        Lock icon Coles to consider break-up, shares jump
        79 13 Reuters [MELBOURNE] Australian retailer Coles Group Ltd said yesterday it is considering a break-up of the company after receiving a number of takeover approaches, saying it thinks it is worth more than A 518.2 billion (Ss22 billion). The company's shares surged 10 per cent
        Reuters  -  79 words
      • Article
        Lock icon Manila relaxes some forex controls
        118 13 AFP [MANILA] The central bank said yesterday it will relax some controls on the outflow of foreign exchange from the Philippines. The ceiling for outward investments by residents that does not require prior approval, including foreign currency-denominated bonds, is to be doubled to US$ 12
        AFP  -  118 words
Page thumbnail Page 14
  • WORLD
    • Article
      Lock icon Microsoft faces US$1.52b fine in patent dispute
      694 14 Court rules it must pay Alcatel-Lucent for abusing MP3 audio rights NYT [NEW YORK] Microsoft was ordered by a federal jury on Thursday to pay US$l.52 billion in a patent dispute over the MP3 digital file format, the technology at the heart of
      NYT  -  694 words
    • Article
      Lock icon Iran against showing weakness over nuke plans
      394 14 Reuters [TEHERAN] President Mahmoud Ahmadinejad said yesterday Iran should not show weakness over its nuclear programme, after Teheran ignored a UN deadline to stop nuclear work which the West says will be used to make atom bombs. The United Nations Security Council had
      Reuters  -  394 words
    • Article, Illustration
      Lock icon UNDERWORLD UNLEASHED
      53 14 [ABU SIMBEL. Egypt] Visitors looking at one of the Osiris colossi in the temple of Abu Simbel on Thursday. Pharaoh Ramses II angled the temple so that the inner sanctum lights up twice a year: once on the anniversary of his rise to the throne and once on
      REUTERS  -  53 words
    • Article
      Lock icon US commercial property growth to plateau: report
      253 14 Reuters [NEW YORK] US commercial real estate growth reached a record high in the fourth quarter 2006, but is expected to level off over the next six-to-nine months, according to a report released on Thursday by the National Association of Realtors. The trade
      Reuters  -  253 words
    • Article
      Lock icon Whey – it's not just for Little Miss Muffet anymore
      386 14 Whey it's not just for Little Miss Muffet anymore Chicago Mercantile Exchange to list dairy by-product futures Reuters [CHICAGO] Whey, a high-protein dairy product best known from the Little Miss Muffet nursery rhyme, has become a popular addition to athletic diets and will soon be trading at the world's largest
      Reuters  -  386 words
    • Article
      Lock icon Arab countries seen as next emerging market
      371 14 GCC nations annual GDP growth jumps to 7% in last 2 years AP [DUBAI] The energy-rich economies of some Arab countries have grown so quickly that they deserve to be considered among the group of most rapidly developing nations in the world, according
      AP  -  371 words
    • Article
      Lock icon US colleges set US$lb fund-raising target
      456 14 Bloomberg [BOSTON] US universities led by Stanford, Columbia and Cornell are increasingly pushing their fundraising targets past the US$l billion mark sometimes way past. Fifteen years after Stanford became the first university to exceed US$l billion in a single campaign, 27 US universities have
      Bloomberg  -  456 words
Page thumbnail Page 15
  • MOTORING
    • Article, Illustration
      Lock icon Hooked on the auto business
      1126 15 DRIVING STYLE Sheer chance led Harold Koh to the motor industry, but as he tells SAMUEL EE, he has not regretted a moment since FOR someone who is in charge of six markets and has been involved in the car business for two decades, it
      1,126 words
    • Article, Illustration
      Lock icon Making a Gran entrance
      226 15  -  By SAMUEL EE MASERATI has gone from zero to delectable in five seconds flat with its new coupe, the GranTurismo. Three years after launching the Quattroporte saloon (Quattroporte means four doors in Italian), the Fer-rari-owned carmaker will be unveiling the two-door version at next month's Geneva
      226 words
    • Article, Illustration
      Lock icon All together now: 'na-Nou na-Nou'
      701 15  -  By CY CHEW BABY-BOOMERS glued to their TV sets when the 1970s sit-com Mork and Mindy was aired should be famiU iar with Mork's favourite phrase. Like the visiting alien, Mitsuoka's arrival in Singapore seems to be from out of this world, especially when you
      701 words
Page thumbnail Page 16
  • GOLF
    • Article
      Lock icon Off the green, on the blog
      1109 16  -  From personal accounts to professional news, blogging is very much alive and well in the world of golf, writes JUSTINE MOSS JUSTINE MOSS ONLINE journals, diaries, personal postings, casual observations. Call them what you will, but the blog (a contraction of the phrase "web
      1,109 words
    • Article, Illustration
      Lock icon Breathtaking golfing beauties near home
      347 16  -  By VEN SREENIVASAN KEPPEL Land has scored a rare double first with both its Spring City (in Kunming) and Ria Bin tan golf courses being voted best courses in their respective countries by one of Asia's leading magazines. In its latest issue, Asian Golf Monthly
      FILE PHOTO  -  347 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      572 16 wine&dine with weekendBT 111 IN A 5 Ah Hoi's Kitchen diners for buffet lunch or dinner at the Phoenix Garden Wednesday, $43+++ per pe*on; and Thursdiy to impressive collection of top Australian wines and Poolside Traders Hotel TeL *****373 Cafe! Choose to dine buffet style or indulge in our Saturday,
      572 words
Page thumbnail Page 17
  • WELLNESS
    • Article, Illustration
      Lock icon Back surgery on the cheap
      920 17  -  Two new procedures—nucleoplasty and epidural adhesiolysis effectively stop pain at half the normal cost, says MELISSA HENG MELISSA HENG 1 before HAVING a slipped disc is one of the most painful and scary things that can happen to anyone. But it isn't just the pain
      FILE PHOTO  -  920 words
    • Article, Illustration
      Lock icon Check out why you can't get it up
      899 17  -  Erectile dysfunction can be a sign of more serious health conditions, reports CHEAH UI-HOON CHEAH UI-HOON GUYS, when you can't get it up in the morning it could be a sign of something more serious. And we're not just sounding the death
      899 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      357 17 CRYPTIC CROSSWORD matches with heavyweights ACROSS (7) 1 Redhead wearing miniskirt 7 Amount of money initially gets summary dismissal (5.6) for deposit (4) 9 Brass player writing article on g Tactics needed for a job servos boat (4) ing in the restaurant? (7,4) 10 Sting gasps about youth lead- 12
      357 words
Page thumbnail Page 18
  • SHOPPING
    • Article, Illustration
      Lock icon Power jewellery
      1170 18  -  Montblanc and Roberto Coin have launched their jewellery collections in Singapore recently. CHEAH UI-HOON checks them out CHEAH UI-HOON EUROPE'S tallest snow-capped peak Mont Blanc (French for white mountain) was just about visible from the doorstep of the Hotel Hameau Albert ler at Chamonix-Mont Blanc. "See the resemblance?"
      1,170 words
    • Article
      Lock icon Reaching out to female customers
      500 18 THE German penmaker that gave us the "power pen" since Montblanc's white star-tipped pen can be equated with executive power or entrepreneurial success, usually male is now also reaching out to the successful female, executive or otherwise. Wolff HeinrichsdorfF, one of Montblanc's managing directors (the
      500 words
    • Article, Illustration
      Lock icon Italian line boasts wearable luxury
      407 18 ONE of the most well-known Italian jewellery brands Robert Coin, which made its name in the United States has debuted in Singapore. It has arrived here after making inroads in tile Asia-Pacific last year with its Roberto Coin collections and Roberto Coin Cento Diamond. These
      407 words
Page thumbnail Page 19
  • PERSONAL SPACE
    • Article, Illustration
      Lock icon Come into my Baba parlour
      925 19  -  Benny Lau's love for things Peranakan bears fruit in a lovingly-restored Straits Chinese house, CHEAH UI-HOON discovers CHEAH UI-HOON WHEN you've been collecting Peranakan antiques and collectibles for over 25 years, it's the stuff of dreams to finally get a house where you can showcase
      PHOTOS BY ARTHUR LEE  -  925 words
Page thumbnail Page 20
  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Pastries that aren't just puff
      1093 20  -  Pierre Herme has elevated pastry making into a high art form. JAIME EE meets the creative genius who dares to be different JAIME EE HIS pastries are known to be edible works of art that earned him the moniker "Picasso of Pastry" by Vogue magazine.
      PHOTOS: PIERRE HERME  -  1,093 words
    • Article, Illustration
      Lock icon Taking cake-buying to a new level
      831 20  -  Canele wants to give the designer boutique experience to pastry lovers, reports JAIME EE JAIME EE INTERNATIONALLY, the likes of Pierre Herme, Fauchon, Lenotre and Laduree in Paris, and Yauatcha in London have set the tone for designer pastry shops, where carrying a specially
      ARTHUR LEE  -  831 words
  • Page 20 Advertisements