The Business Times, 27 February 2007

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Total Pages: 30
1 30 The Business Times
  • 20 1 The Business Times SINGAPORE 85 cents Tuesday, February 27,2007 online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006
    20 words
  • 801 1  -  Republic's external political risks seen as having increased By DANIEL BUENAS [SINGAPORE] Business executives see Singapore as Asia's least bureaucratic place in which to operate, with one of the best banking and financial systems in the region, although perceptions of the country's so-cio-political
    801 words
  • 710 1  -  Trend appears to be island-wide and for all apartment sizes, but resale prices stay flat By UMA SHANKARI [SINGAPORE] Rents for HDB flats have surged in the past 12 months, driven by spillover demand as rents for private housing have climbed. Figures compiled by
    Source:ERA  -  710 words
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  • TOP STORIES
    • 479 2  -  Over 90% of CPF scheme unit trusts, ILPs get positive returns in Q4 By CONRAD TAN [SINGAPORE] Retirement savings products turned in higher average gains in the fourth quarter of 2006, after strong growth in stock markets worldwide boosted the performance of investment funds.
      479 words
    • 589 2 Reuters, Bloomberg [BANGKOK] Trading in the shares of Shin Corp's Thai television station iTV was yesterday suspended by the Stock Exchange of Thailand to give investors time to scrutinise an auditor's report on the review of its financial statements. The
      Reuters, Bloomberg  -  589 words
    • 131 2 STI 3,307.92 (-2.52) ST INDEX FUTURES 3,306.00 (-2.00) SIMSCI 404.20 (-0.25) SIMSCI FUTURES 404.70 (-0.20) MARKETS Monday Chang* KLCOMP 1,272.87 NIKKEI 225 18.215.35 HANG SENS 20,507.95 aiW SET INDEX 688.70 2.06 JAKARTA COMP 1,783.95 -7.60 MANILA COM? 3,380.00 -937 SEOUL COMP 1.470.03 -MM5 SHENZHEN B 538.47 *223 MUMBAIIND
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    • 55 2 IN our report, "Ministry performance What the numbers tell" (BT, Feb 16), we indicated with respect to the Ministry of Home Affairs that 90 per cent of fire and rescue calls were responded to within five minutes in 2006. This is incorrect. The correct time is "within eight minutes".
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    • 454 2 January manufacturing output rises 14.6% SINGAPORE manufacturing output rose 14.6 per centyear-on-year in January, boosted by the transport engineering and biomedical clusters. But output fell 6.5 per cent month-on-month in seasonally adjusted terms, according to the Economic Development Board. TOP STORIES, PAGE 3 New Redas chief sees, buoyant
      454 words
    • 499 3  -  Growth boosted by transport engineering and biomedical clusters By DANIEL BUENAS [SINGAPORE] Manufacturing output rose 14.6 per cent year on year in January, boosted by the transport engineering and biomedical clusters. But output fell 6.5 per cent month on month in seasonally adjusted terms,
      499 words
    • 641 3  -  By KALPANA RASHIWALA [SINGAPORE] Simon Cheong, the newly elected president of Real Estate Developers Association of Singapore, yesterday painted a buoyant outlook for all sectors of the local property market. "We now have all the cylinders firing away at the same time. We're
      Yen Meng Jin  -  641 words
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    • 213 2 THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 20 years I Total Amount Allotted SGD 2,500,000,000 Non-Competitive Applications SGD 490,428,000 Of which allotted to MAS SGD 300,000,000 Total Amount Applied SGD 5,683,474,000 Coupon Rate 3.500% p.a. Cut-off Yield Price 3.50% p.a. and Average Yield Price 3.39% p.a. and at Cut-off Allotted
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    • 82 2 BT ONLINE BT print subscribers get free access to the Business Times Online To activate your account, log on to http: //business-times. asia1.com.sg. For more information, e-mail btocsOsph.com.sg or call 6388-3838. Godd Gains PENG KWEE 01-45 A PENINSULA PLAZA *****155 02-90K PEOPLE'S PARK COMPLEX 6327 4628 01 -44 PEOPLES'S PARK
      82 words
    • 7 2 People Do we know you? Offshore companies
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  • SINGAPORE MARKETS
    • 566 4  -  STOCKS ST Index slips 2.5 points; UOB's price chased higher ahead of full-year results TEH HOOI LING Senior Correspondent SINGAPORE stocks consolidated yesterday, after its record-breaking streak last week, with the Straits Times Index (STI) slipping 2.52 points or 0.08 per cent to end at
      Source Boomberg  -  566 words
    • 365 4  -  Complited by MATTHEW Feb 26 dose: $0 JO CIMB-GK RESEARCH, Feb 26 4QFYO6 results recovery year: Excluding $0.8 million of provisions for the closure of its Germany operations, 2H06 core earnings came in 18 per cent above our expectations. Sales jumped 39 per cent year-on-year to $267 million
      365 words
    • Article, Illustration
      892 4 SECURITIES TRADING SCOREBOARD MAM SIX) TOTAL Up Dow Uacfc Uo Down Uiidi —UBSft Mufti Ind 583 010 5 10 3 Manufacturing 88 53 67 16 13 17 104 66 84 Commerce 24 33 26 5 9 5 29 42 31 Tpt/Stor/Comms 13 18 9 0 2 1 13 20 10
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    • 350 4 CHART POINT Oil and gas play Cosco looks poised to resume uptrend Kelive Research ON FEB 12, we witnessed a 50-point drop in the Straits Times Index (STI), which promptly raised concerns that this could be the start of a trend reversal. However,
      Kelive Research; Source Nex Mew  -  350 words
    • 519 4  -  Currencies LARRY WEE Senior Corespondent THE US dollar was again looking in pretty poor shape yesterday, punished by fears of an imminent increase in Middle East tensions as well as expectations of more weak US numbers due out over the course of this week. Traders
      Source Reiters  -  519 words

  • COMPANY NEWS
    • 611 5  -  HOCK LOCK SIEW By R SIVANITHY THE local retail sector is traditionally one that stock market investors tend to overlook, possibly because not only is it very competitive with a large number of players, but its fortunes are dependent on everchanging consumer tastes, fluctuations
      611 words
    • 510 5  -  It is accused of role in funding a re-election campaign By CONRAD RAJ ONE of Australia's leading developers, Australand Holdings, is embroiled in one of the country's biggest scandals involving former West Australian premier Brian Burke. According to the Australian media, Australand, a
      510 words
    • 254 5 SECURITIES group Kim Eng Holdings yesterday reported a net profit of $101.53 million for FY2006, up 8 per cent. The rise in earnings attributable to equity-holders was helped by a $6.1 million contribution from associated companies and a $19.2 million
      254 words
    • 458 6  -  Revenue dips 4.1%; full-year net profit rises 18.9% to $239.2 m By OH BOON PING VENTURE Corporation yesterday said it will strive to keep its double-digit earnings growth this year, after posting a 42.8 per cent jump in fourth-quarter earnings to $78.3 million.
      458 words
    • 344 6  -  By MATTHEW PHAN A FAIR crowd showed up for Chemoil Energy's first full-year results briefing at the Ritz-Carlton yesterday, as the company, an integrated fuel oil supplier, reported a 16.9 per cent rise in 2006 net profit to U5557.84 million. No
      344 words
    • 266 6  -  By DANIEL BUENAS CHINA-BASED chemical fibre manufacturer FibreChem Technologies yesterday announced a proposed one-for-one bonus share issue and a final dividend of HK$O.l5 per share, on the back of a 68.6 per cent rise in net profit to HK$332 million (Ss6s million) for its
      266 words
    • 540 6  -  By RONNIE LIM which disclosed the SPC buy-in in a statement to the Australian Stock Exchange (ASX) yesterday, said it will seek talks with SPC—which holds about 7.3 million shares as of Feb 21 to ascertain its intentions. Tap shares
      FILE PHOTO  -  540 words
    • 562 6 It is bidding for railway projects in Europe, Middle East Reuters ST Engineering Ltd's electronics arm said it is bidding with Japan's Marubeni Corp for railway projects in the Middle East and Europe, and expects to win a contract for one of those shortly. Singapore Technologies
      Reuters  -  562 words
    • 408 6  -  By ROLAND LIM INTERNET telephony service provider MediaRing yesterday reported that profit rose 60 per cent on record revenues from more call traffic. Net profit for the financial year ended Dec 31,2006, was US$8.3 million or earnings per share (EPS) of 0.79 US
      408 words
    • 457 7  -  It may list resulting vehicle; full-year net doubles to US$12.13m By MATTHEW PHAN SWIBER Holdings, an integrated offshore contractor and supplier of marine support vessels, is considering using a sale and leaseback model to finance its fleet and could publicly list the resulting vehicle, which would
      457 words
    • 306 7 Infl Press Softcom returns to the black INTERNATIONAL Press Softcom said FY2006 net profit was $3.8 million, compared to a net loss of $2.5 million a year ago. The group achieved a 22.1 per cent increase in revenue to $171.1 million, largely due to the increased revenue contribution
      306 words
    • 390 7  -  By WEE LI-EN PROPERTY developer Ho Bee Investment announced a 158.9 per cent leap in fullyear net profit to a record $98.6 million, buoyed by strong development property sales. It is confident that the current year's performance will be even
      390 words
    • 477 8  -  Q4 profit of healthcare services provider slips 16% to $14.8 m By CHEN HUIFEN ENCOURAGED by the performance of its international hospitals, Parkway Holdings is looking at more acquisitions to expand its presence in the region. "Parkway is steadfast in our bid to expand our regional
      477 words
    • 272 8  -  Cost controls helped lift earnings By CHRISTINE SIM AGVA Corporation has reported a more than doubling in 2006 earnings despite a 4.7 per cent fall in revenue. The manufacturer of media storage products and lifestyle accessories achieved a full-year net profit of US$l.O5
      272 words
    • 167 8  -  By ARTHUR LEE OCBC Bank hosted some of its small and medium-sized enterprise customers to a Chinese New Year dinner yesterday evening, as a way ofthanldng them Tot fibelr support and the nights to the Swissotel's Equinox Restaurant which offers them a breathtaking
      ARTHUR LEE  -  167 words
    • 342 8  -  By TETTYANA JASLI CHINA Sun Bio-Chem Technology Group Company has reported a 16.2 per cent rise in net profit to 281.2 million yuan (5555.4 million) for the 2006 full year on the back of a 56.2 per cent jump in sales to 1.38 billion
      342 words
    • 351 8 LOGISTICS group CWT Ltd yesterday announced a special dividend and a rights issue, along with a more than doubling of its full-year earnings. CWT said that net profit rose to $24.27 million for the year ended Dec 31, 2006, from $9.13 million
      351 words
  • Page 5 Advertisements
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      124 words

  • Page 6 Advertisements
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      144 words

  • Page 7 Advertisements
    • 16 7 radio 91-3 Radio 91.3 is managed by SPH Unionworks, a subsidiary of UB Singapore Press Holdings
      16 words
    • 50 7 Milestones that reflect AmInvestment Bank's leadership. Continuing the tradition of being a leader in investment banking, our expertise and experience have won many laurels. For our clients, it's a winning relationship. Best Debt House in Malaysia A I The Asset Triple A Country Awards 2006 I-REIT deal of the Year
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    • 5 8 Winning Tess at Captain's Table
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  • SINGAPORE NEWS
    • 254 9 THE Inland Revenue Authority of Singapore (Iras) yesterday announced measures it is taking to help traders prepare for the GST hike on July 1, but does not expect major problems with the transition. The reason: about three quarters of the 64,000 GST-registered
      254 words
    • 374 10  -  Consortium will design and manage construction of $700 m Phase 1 JRC By RONNIE LIM JTC Corporation has awarded a $19 million contract to the Geostock-Ju-rong Consultants consortium to carry out the basic engineering design and manage construction of the $700 million Phase 1
      REUTERS  -  374 words
    • 186 10 Bloomberg SINGAPORE'S new 20-year bond gained after bids for the security exceeded the amount offered by about 2.8 times at a sale yesterday. The bond will provide a reference for companies hoping to fund large upcoming projects in Singapore such as the two
      Bloomberg  -  186 words
    • 282 10 Combined balloting/walk-in scheme to begin in April THE Housing and Development Board will replace its walk-in selection (WIS) system for unsold flats with a combined balloting/walk-in sales system, starting in April. Under the new system, HDB will group its stock of unsold four-room
      282 words
    • 275 10  -  By PAMELA CHEW THE Central Provident Fund (CPF) board yesterday announced March 31 as the last day for the sale of discounted Sing Tel shares (ST A or ST2) at Sing Post branches. This means that CPF
      275 words
    • 257 10 SINGAPORE Press Holdings (SPH) newspapers must engage Internet-sawy readers in the new media age, SPH chairman Tony Tan said yesterday. Speaking at a Chinese New Year celebration for SPH's Chinese Newspapers Division (CND), Dr Tan said he is pleased that the online version of
      CHIN FOOK CHEW/LIANHE ZAOBAO  -  257 words
    • 567 9  -  Spring S'pore offers grant of up to $5,000 to set up accounting systems Reports by VINCENT WEE SPRING Singapore has announced a $30 million GST assistance scheme for small and medium-sized enterprises (SMEs) that voluntarily register to be Goods and Services
      567 words
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  • Page 10 Advertisements
    • 381 10 Create impact at work! Hear from internationally renowned speakers. Participate in ST701's exclusive half-day seminar and hear from three renowned international speakers. Don't miss this opportunity to gain valuable and practical lessons on ways to succeed at work! Register now! 1 March 2007 (Thursday) 9am 12.30pm SPH Auditorium Small Talk,
      381 words

  • SME spotlight
    • 849 11  -  Its enterprise banking group is eyeing at least 20% net profit growth from its S'pore operations this year, reports NANDE KHIN NANDE KHIN DBS Bank is aiming for at least 20 per cent growth in the bottom line of its Singapore enterprise banking operations
      FILE PHOTO  -  849 words
    • 1143 12 SMALL CAPS CHEN HUIFEN looks at how Vicplas re-made itself after it branched out from supplying pipes WHEN Sesdaq-listed Vicplas International started making disposable airway masks for use in operating theatres, a whole shipment of two 40-foot containers of devices was rejected in the US on
      1,143 words
    • 171 12  -  By TEH HOOI LING OUR small cap portfolio gained a strong 4.5 per cent in the past two weeks—a performance more or less in line with those of the Straits Times and UOB Sesdaq indices Construction company Yong Nam was our biggest
      171 words
    • 757 13  -  Strategic alliances with a German peer and industry bodies have helped local manufacturer Fong Shen grow from strength to strength, says JANICE HENG Janice Heng International tie-ups are far from being limited to large corporations. Small and medium-sized enterprises (SMEs) are also venturing forth to
      YEN MENG JIIN  -  757 words
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  • ECONOMY WATCH
    • 538 14 Govts encouraging investment abroad, but investors in no rush to do so Reuters [SINGAPORE] Asian countries are trying to encourage capital outflows to relieve upward pressure on their currencies but local investors are in no rush to move offshore, given the high
      Reuters  -  538 words
    • 597 14 Food has bigger weighting than energy in region Reuters [SINGAPORE] Soaring oil prices have been the biggest menace to inflation in Asia for the past four years, but now that peril looks like it is being overtaken by a new one: food prices.
      Reuters; REUTERS  -  597 words
    • 237 14 [LONDON] Almost nine out of 10 central banks see ample scope for further currency and asset diversification of foreign exchange reserves, according to a survey of 47 central banks published yesterday. The poll, conducted by London-based Central Banking Publications (CBP). also found many
      237 words
    • 452 14 There are signs the economic cycle is coming to an end AP [HONG KONG] Former US Federal Reserve Chairman Alan Greenspan yesterday warned that the US economy might slip into recession by year-end. He said the US economy has been expanding
      AP  -  452 words
    • 373 14 Bloomberg [KUALA LUMPUR] Malaysia's central bank kept its benchmark interest rate unchanged for a seventh straight meeting to spur growth amid prospects of easing overseas demand. Bank Negara Malaysia held its overnight policy rate at 3.5 per cent, the central bank said
      Bloomberg  -  373 words
  • Page 14 Advertisements
    • 964 14 Cats Notices ALLGREEN PROPERTIES LIMITED Company Registration No.: *****1009N (Incorporated in the Republic of Singapore) The Board of Directors wishes to announce the following unaudited results of the Group for the year ended 31 December 2006: 2006 2005 Turnover 476.506 317.606 Operating profit before interest, depreciation and taxation 125.891 104,979
      964 words
    • 6 14 Yoma Strategic Holdings buys Myanmar firm
      6 words

  • MALAYSIA/INDONESIA
    • 326 15 Bernama [KUALA LUMPUR] The Securities Commission (SC) has frozen two Malaysian bank accounts amounting to RMI.6 million (*****,650), closed two websites and questioned several individuals believed to be connected to a global Internet investment scam run by Cambridge Capital Trading. In a statement yesterday, the
      Bernama  -  326 words
    • 350 15 Bloomberg [JAKARTA] Indonesia's central bank said floods here this month may result in inflation reaching the higher end of its target for the year. Bank Indonesia expects inflation to be in a range of between 5 per cent and 7
      Bloomberg; AP  -  350 words
    • 314 15 Bloomberg [JAKARTAI PT Bank Mandiri's 2006 profit probably tripled as it set aside less money to cover bad loans, State Enterprise Minister Sugiharto said in a statement prepared for a Parliament hearing here yesterday. Indonesia's biggest fi-nancial-services company probably had net income of 1.8
      Bloomberg  -  314 words
    • 537 15  -  Q4 earnings of RM 121.5m point to a profit turnaround for full-year 2007 By Pauline Ng in Kuala Lumpur MALAYSIA Airlines (MAS) posted a profit attributable to ordinary equity holders of RM121.5 million (5553.2 million) for the fourth quarter ended December 2006, its second
      537 words
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  • GREATER CHINA
    • 625 16 NEWS ANALYSIS Developers fear their earnings may be squeezed; property stocks hit Reuters [SHANGHAI/HONG KONG] Some property projects in China have stalled because developers fear plans to collect a land appreciation tax might wring out much of their profits. The move, by a government
      Reuters  -  625 words
    • 317 16 Reuters [SHANGHAI] China's benchmark stock index closed above 3,000 points for the first time yesterday, boosted by big gains in the industrial and resources sectors despite a monetary tightening by the central bank. The Shanghai Composite Index ended 1.40 per cent higher at 3,040.60
      Reuters  -  317 words
    • 315 16 Vice-Finance Minister Lou Jiwei tipped for the job Reuters [SHANGHAI/BEIJING] China is set to name a new head of the investment arm of the central bank, as it prepares to launch a new agency to help manage the country's foreign currency reserves of more
      Reuters  -  315 words
    • 158 16 Reuters [SHANGHAI] Deputy Shanghai Mayor Feng Guoqin, a key figure in the city's growth as a financial centre, is set to step down and become a political adviser in a Beijing-backed government reshuffle, sources close to Mr Feng said yesterday. Mr Feng, 59,
      Reuters  -  158 words
    • 119 16 [LONDON] An art dealer lifting the lidfrom a 2.500-year-old Chinese bronze figure of a tapir which is on display for the first time in London last Friday. The sculpture, is set to go on sale at the European Fine Art Fair in Maastricht
      AFP  -  119 words
    • 2396 16 VOL nm w- fin ASM Realty 162 0.12 S4 AbricBhd 041 444 331 Acp Industries 1.99 0X11 1103 Advance Synergy 0«1 002 4990 AdventaBhd 0.93 -001 147 Ac Mutti Hldgs 0 45 0 03 501 Affin Holdingi 2.53 -0.01 3296 Ahmad Zaki Rasou 2.70 -0-01 26 AacCorp 0.75
      2,396 words
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  • INDIA
    • 451 17 AFP [NEW DELHI] Indian Railways, on the verge of bankruptcy six years ago, will post a surplus of US$4.4 billion this fiscal year and spend the money on its ac-cident-prone network, the rail minister said yesterday. Lalu Prasad Yadav had to shout amid uproar
      AFP; BLOOMBERG  -  451 words
    • 376 17 They will join Mahindra to set up plant in India AFP [CHENNAI] Japanese car maker Nissan joined yesterday a venture by French partner Renault to build a USS9O2 million plant in India. seeking to compete with rivals Toyota and Honda for a slice of a
      AFP  -  376 words
    • 302 17 [MUMBAI] The Securities and Exchange Board of India (Sebi) is considering imposing a price ceiling on the day a company's scrip is first listed, the Business Standard reported. This is aimed at preventing prices of newly listed shares from
      302 words
  • Page 17 Advertisements
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      323 words
    • 2 17 Keynote speaker
      2 words

  • MIDDLE EAST
    • 418 18 Central bank orders freeze of accounts; Dubai police make several arrests [DUBAII The United Arab Emirates' central bank has instructed all banks and exchange houses in the country to freeze the accounts of hawala operators and those involved in money laundering, according to a
      418 words
    • 352 18  -  By CLARENCE MICHAEL in Dubai THE easy Group, which ushered in low-cost air travel in Europe with easy Jet, broke ground on Sunday on its first easy Hotel.com property in the United Arab Emirates (UAE) with plans to expand to 17 countries in alliance
      352 words
    • 105 18 Bloomberg [DUBAI] The Dubai Financial Market Co. the Middle East's first stock exchange to sell shares to the public, said full-year profit fell 36 per cent It also announced plans to list its shares on the Dubai Financial Market on March 7. The
      Bloomberg  -  105 words
    • 6189 18 UNIT TRUSTS FUNDS AM Antra AsMt Mft (S'pora) Star Europe Eqty!" X 1-085/ Star Europe Bond i 1.181/ Star Europe gal U45/ Star Asian Tiger Eqty 1357/ Star Asia Bond 131# Star Asia Balanced 1.127/ Star Global Technology Fundi" 0317/ Mult) St Fd 097* Star Asia BonddJSCt 0.86/ Gfc Mi*
      6,189 words
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  • ASIA-PACIFIC/WORLD
    • 675 19  -  Recent cases show brokers being held responsible for hedge fund losses By NEIL BEHRMANN in London LAWMAKERS and regulators are flashing amber lights at brokers who are making huge commissions out of the hedge fund trade. The warnings are being made as
      675 words
    • 373 19 Reuters [LONDON] Oil prices continued to rise away from US$61 yesterday as world powers prepared to discuss tightening UN sanctions on Iran, the world's fourth biggest oil exporter. Commodities rallied across the board with gold at a nine-month high, nickel at a new
      Reuters  -  373 words
    • 618 19 ACADEMY AWARDS Reuters [LOS ANGELES] They were dubbed the most international Oscars ever, but in the end it was a group of US films and actors who pushed other filmmakers aside to grab the world's top film honours. Mexico's Pan's Labyrinth won
      Reuters; PHOTOS: AP. REUTERS  -  618 words
    • 435 19 LAT-WP.AP {DALLAS] Texas power producer TXU Corp has agreed to be sold to a group of private-equity firms for about US$45 billion including debt. It would be the largest private buyout in US corporate history. Kohlberg Kravis Roberts and Texas Pacific Group led
      LAT-WP.AP  -  435 words
    • 481 19  -  Accords likely on energy, car-making, banking, telecoms By ANTHONY ROWLEY in Tokyo A BEVY of high-level Russian officials headed by Prime Minister Mikhail Fradkov will arrive in Japan this week, as economic relations between the two nations move into high
      481 words
    • 280 19 controls were imposed. —Reuters. AP [BANGKOK] Thailand plans to ease its capital controls further this week in response to relaxation calls from underwriters of fixed income and property funds, a senior central bank official said yesterday. The bank still had to intervene to slow
      controls were imposed. —Reuters. AP  -  280 words

  • AVIATION
    • 562 20  -  Of five main routes, Europe-Far East grows strongest at 11% says lata By VEN SREENIVASAN [SINGAPORE] Strong economic growth and buoyant demand for seats fuelled strong growth in premium air traffic on routes to and from the Middle East and the Asia-Pacific
      FILE PHOTO  -  562 words
    • LOG BOOK
      • 90 20 Bernama [MUARlTheJohor government yesterday proposed to offer landing rights at Senai Airport to all airlines, in tandem with the growth of the Iskandar Development Region (IDR). Menteri Besar Abdul Ghani Othman said: "We want Senai Airport to cater as widely as possible
        Bernama  -  90 words
      • 91 20 Reuters [HONG KONG] Paris airports operator Aeroports de Paris is selling about US$255 million worth of shares in Beijing Capital International Airport Co Ltd, which runs the airport serving the Chinese capital, according to a term sheet obtained by Reuters. It is selling nearly 253.6
        Reuters  -  91 words
      • 85 20 Bloomberg [KUALA LUMPUR] Air Asia Bhd signed a contract with GE Commercial Aviation Services to finance and manage the carrier's spare parts inventory for its 34 Boeing 737-300 planes to lower costs. The "service is designed to help airlines have the right part
        Bloomberg  -  85 words
    • 235 20 Bloomberg [JAKARTA] PT Garuda Indonesia narrowed its net loss, in 2006, revising last month's announced figure, as the nation's largest airline carried more passengers and cut costs. Garuda's unaudited net loss was 192 billion rupiah (5532.3 million) last year, president director Emirsyah
      Bloomberg; BLOOMBERG  -  235 words
    • 2300 20 aw WW «T» mwn m> mm LH9771 1740 AF8068 221S SQ268 1740 BA7382 2215 AF8087 1830 QF82 2215 BA7381 1830 LM9770 2350 1830 *****1 0645 KL838 2315 SO323 0645 *****2 234S KL«37 1605 SQ324 2345 K«3 OUO SQ281 0650 UL2433 0130 LH9766 2100 LH9767 2015 N*****
      2,300 words
    • 207 20 Bloomberg [BANGKOK] Cracks in runways and taxiways at Bangkok's five-month-old Suvarnabhumi Airport may cost up to 500 million baht (5522.6 million) to repair, a damage investigator said. Airports of Thailand Pel will invite bids for the repair work in about 15 days,
      Bloomberg  -  207 words
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  • Page 20 Miscellaneous
    • 175 20 CRYPTIC CROSSWORD 2 Sarserow(4) (4) side about producing disease YESTERDAY'S SOLUTION o AuaiiahlP pnri nf rnursp Across: 1 Despatch, 5 Lizard, 9 Stiwithout reduction (2,4) 12 settlernent f* n 10 Stupor. 12 Events, 13 4 Early business in electronics Skiving to draw a c ;;'TV graph? (7) Adhere, 28 Urchin,
      175 words

  • SHIPPING/AVIATION
    • 416 21 The ship, carrying food supplies, is anchored off a Somalian port Reuters [NAIROBI] A US warship is approaching the area off the Horn of Africa where pirates anchored a hijacked United Nations chartered cargo ship. A United Nations World Food Programme spokesman said
      Reuters  -  416 words
    • 495 21 Reuters, AFP [JAKARTA] Indonesian police are to investigate how a fire-damaged ferry capsized as officials and journalists inspected the charred hulk, officials said yesterday. A television cameraman was killed when the anchored vessel went down near Jakarta after officials from the national transport safety board,
      Reuters, AFP; AFP  -  495 words
    • 541 21 Bloomberg [NEW YORK] General Maritime Corp, the third-largest US oil-tanker owner, said fourth-quarter net income fell 79 per cent as a smaller fleet and lower shipping rates cut into revenue. Net income dropped to U5522.4 million, or 71 US. cents a share, from U*****.6
      Bloomberg  -  541 words
    • 310 21 Reuters [AMSTERDAM] Dutch mail company TNT NV said yesterday its fourth-quarter operating profit rose 11.3 per cent as its express business continued to improve profitability. TNT, which sold its logistics and freight management units last year, said earnings before interest
      Reuters  -  310 words
    • 505 21 New routes and purchase of DBA helped lift profit Bloomberg [FBANKFURT] Air Berlin Pic, Europe's No 3 discount carrier, posted a profit for 2006 after the airline expanded by buying a smaller rival, DBA, and added routes. Net income was about 50.1 million
      Bloomberg  -  505 words
    • 194 21 Bloomberg [JAKARTA] Indonesia allowed PT Adam Skyconnection Airlines to resume flights by two of its seven Boeing Co planes that had been grounded last week following the company's second accident in as many months. Investigations on the remaining Boeing 737-300 airplanes, which include one
      Bloomberg  -  194 words
    • 330 21 Reuters [FRANKFURT] EADS yesterday dismissed as speculation a weekend media report that it was considering extending the working week at its Airbus unit to 40 hours from 35 without compensation as part of its restructuring plans. "The report on the 40hour work
      Reuters  -  330 words
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  • EDITORIAL & OPINION
    • 522 22 EDITORIAL SINGAPORE has been getting plenty of mixed signals of late from its immediate neighbours. Thailand, Malaysia and Indonesia have been at odds with Singapore over a wide range of issues. For a start, Thailand has, without any basis, accused Singapore of "spying" via investment
      522 words
    • 971 22  -  Capitalism has needed the visible hands of political, fiscal and legal correction to complement the invisible hand of the market By TIMOTHY GARTON ASH LAT-WP WHAT is the elephant in all our rooms? The global triumph of capitalism. Democracy is fiercely disputed. Freedom is under threat,
      LAT-WP; Reuters  -  971 words
    • 856 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent RECENTLY, I attended a conference in Washington which focused on the dilemmas involved in the expansion of the North Atlantic Treaty Organisation (Nato). One of the American speakers, referring to the membership of the
      856 words
    • 1018 23  -  Last year, bankcard payments shot up 70%, five times China's consumption growth By Sammy Ye Tiger Tong CHINA issued the world's first paper currency (the Jiaozi) 984 years ago during the Song Dynasty, well ahead of the rest of the world. Since then however, China has
      Affle Daily  -  1,018 words
    • 993 23  -  By SHANKHADEEP CHOUDHURY AP ET UP. It's J already 10 I o'clock," urges I the voice on the radio. "If you haven't had your breakfast yet, do have a steaming hot cup of tea or coffee while I play this number for
      AP; AFP  -  993 words
    • 271 23  -  LETTER TO THE EDITOR David Gerald President, SIAS I REFER to the letter by Ong Tew Lin, "Focus on other firms' tax credits too, SIAS" (BT, Feb 15). The Securities Investors Association (Singapore) has been concerned with the issue of tax
      271 words

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    • 103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • 10839 24 SGX MAINBOARD Transaction date: Feb 26 52-11* Td last Vol Day L«t Quota M* GrYM Nat MCa M0| Ua Cede Cawpaay Sate W- fl») Mjli Low Buyar Salar Cur Ht Saw 35 1 5716 1st Software 2 sum 8.1 115 6 3148 STdecom 11 +05 2479 11.5 10.5
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  • 5365 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la lacai oar la SS In USS %dy «yr it, Kyr dy %yt Fab 23 mda» Oianga Otanga Changa Own ttam chanw 1144.0 0.0 3.9 0.1 3* 02 3.7 tWTPwfciii*! 11BJ 03 5J Oi I* 07 47 EusotPrefcnmav 15S4.9 0-2 4.) 0.6 3J
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    • 1382 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN STX POTBN CAM/NFK/NOl/SAV loads Singapore, E./W. Malaysia, Indonesia E/w Meiaftiat Indonesia MIPPLE-EAST SERVICE F.E./S.E JV. SERVICE Destination PAN VOYAGER JDH/DMT/BJA 1 Destination J SAFE DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN DO MASTER DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia,
      1,382 words
    • 357 26 WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com VESSE VOY RAMP MEMHT IK SAY lAI ORE TAMPA AE7O7 4201 MM t.4* 27/01 2J/0J 01/04 05/04 10/04 01/04 TARA6O U7ot J2OIM MM 01/03 SI/01 00/04 11/04 17/01 IS/04 rnntm U J}\ 1201— MM 00/04 01/05 10/05 14/05 11/05 H/05 Ntw Y«rk I MM (rta
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    • 925 27 WAN HAI MIHtNAHONAI.nI LID amiW!n>oM/l W\WAN HAI LINES V_jJ3— A PVL IB: (03) *****58S FAX: (03) *****2H W IE: M) *****00 FAX: 104)*****99 V JOH IB: (07) *****23 FAX: (07)*****21 SUt IB: (031) *****75 FAX: (031) *****)4/ *****05 WWW.WOniiai.COIII.Sg JCTTE: 021) *****R HU: (021) *****91 M 1* 71UM/*****1 FA* ******
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    • 1104 27 IVISSSL VOY m I SIN I KARACHI PX* 1A» DMM I ~MK KHOR IRAN BAABAEI PCL 8189 09/03 10/03 19/03 22/03 23/03 29/03 31/03 02/04 IRAN SATTARI PCL 8190 IS/03 14/03 23/03 26/03 27/03 02/04 04/04 06/04 IRAN TASATABAII PCL 8191 20/03 121/03 30/03 02/04 03/04 09/04 11/04 13/04 IttSHl
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    • 13 27 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS
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  • The Business Times Shipping times
    • 4279 28 5 msmmm^m>imm-'zsuawsM'izmmm' m mm ETA ETA A4wfher V«ss*l Voyege Telephone SM DesTn Mw Name Number Number To ADELAIDE (ADL) 2007 Australia 11/03 30/03 China Shpg ANl WARRINGA 0025 *****696 11/03 30/03 PTDjakarta ANl WARRINGA 002S *****202 14/03 30/03 Austral AL CAPE DARBY 02F7 *****333
      4,279 words

  • PROPERTY
    • 416 29 Main focus of the fund will be Japan, South Korea, S'pore, HK, China Reuters [HONG KONGI LaSalle Investment Management, a unit of US property services group Jones Lang LaSalle, is raising a US$2 billion Asia property fund and a US$75O million fund for logistics
      Reuters; BLOOMBERG  -  416 words
    • 390 29 centage point. Bloomberg [LONDON] UK house-price inflation reached the fastest pace in more than three years this month, driven by a shortage of homes, Hometrack Ltd said. The cost of a home in England and Wales, based on a survey of 3,500 real estate
      centage point. — Bloomberg  -  390 words
    • 624 30  -  Now seeking $*****1, they could make 80-90% premium over market prices By ARTHUR SIM THE owners of Airview Towers are now looking at $210 million for the collective sale of their homes 50 per cent more than the figure indicated in
      624 words
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