The Business Times, 1 March 2007
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2007-03-01
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The Business Times
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Title Section20 2007-03-01 1 The Business Times SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Thursday, March 1,200720 words
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Article, Illustration1013 2007-03-01 1 TEH HOOI LING - S'pore among the worst hit; China quashes rumour of curbs Reports by TEH HOOI LING [SINGAPORE] A tsunami of sell orders swept through the region yesterday and reached as far as Europe even as the source of the wave the Chinese markets staged1,013 words
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283 2007-03-01 1 [SINGAPORE] Yesterday's selldown took a toll on something besides stock prices the dissemination of the Singapore Exchange's price information to brokers' trading terminals and providers of market data. Brokers said die selling spree estimated at more than 3 billion shares worth $4 billion led283 words
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Article, Illustration655 2007-03-01 1 By OUR CORRESPONDENT in Bangkok THAILAND'S political drama took another twist yesterday when the country's deputy prime minister and finance minister resigned, citing discomfort with the military government. "1 think there has been more to what is happening than what we see on the655 words
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Page 1 Advertisements
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Advertisement35 2007-03-01 1 AWARDS MORE REPORTS Wall Street waits for bloodletting to stop PAGE 16 China denies planning tax on stock gains PAGE 16 Replace complacency with caution page 4 111, 8 *****1 *****4 MARKETS DIGEST PAGE 235 words
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Advertisement90 2007-03-01 1 PROPERTY Government raises development charge rates PAGE 30 LI PPE vtNtVt W Begin your own tradition. JllNsti >Br mm p&* You never actually own a Patek Philippe. «p/ You merely look after it for the Men's Annual Calendar next generation. Ref. 5396* by Patek Philippe. EST 1954 SINCERE fine watches90 words
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Advertisement9 2007-03-01 1 BizU Mobile enterprise market set to soar PAGE 279 words
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Advertisement9 2007-03-01 1 COMPANIES Record $6.84b profits for S'pore banks PAGE 49 words
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TOP STORIES
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Article, Illustration549 2007-03-01 2 TAMARA MOHANAN KUPPUSAMY - It also clinches Commentary of the Year for third time in a row By TAMARA MOHANAN KUPPUSAMY [SINGAPORE] The Business Times last night took top honours for journalistic excellence, winning Story of the Year and Commentary of the Year inARTHUR LEE - 549 words
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Article120 2007-03-01 2 MARKETS Wednesday Change KLCOMP 1.196.45 -40.63 NIKKEI 225 17.604.12 -515.80 HANG SENG 19.651.51 -496.36 SET INDEX 677.13 -6.82 JAKARTA COMP 1.740.97 -23.04 MANILA COMP 3,067.45 -263.84 SEOUL COMP 1.***** -37.26 SHEN2HEN B 494.22 +2.33 MUMBAIINO 12,938.09 -540.74 11 AM EOT Change DOW 12.320.63 >104.39 NASDAQ 2.424.37 +16.51 PRIME120 words
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Article399 2007-03-01 2 HK$13b giveaways for taxpayers in HK Budget HONG Kong Financial Secretary Henry Tang was the toast of taxpayers yesterday after he cut alcohol and income taxes and offered property tax waivers in a feel-good Budget that will return more than HK$13 billion (S$2.5 billion) to the people. But399 words
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Article, Illustration723 2007-03-01 3 JANE MOIR - But no cheer for companies as corporate tax stays unchanged By JANE MOIR in HONG KONG HONG Kong Financial Secretary Henry Tang was the toast of taxpayers yesterday after he cut alcohol and income taxes and offered property tax waivers in a feel-good723 words
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Article, Illustration653 2007-03-01 3 DONALD URQUHART - It makes strategic move into Panama, Turkey and India By DONALD URQUHART [SINGAPORE] PSA International has stoked its overseas portfolio with four new container terminals, including a strategic move into Panama, along with Turkey and India, following the recent announcement of new terminals inSource: PSA - 653 words
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Advertisement235 2007-03-01 2 DPQt)l@ Hunting season H K has begun (Target: Private Bankers) WW 'I l'V.ork <>m I >i.l f'-f it I *u<HJt ■<: it I believe that in the business world the true entrepreneur is one who rises above any situation however difficult it may be. He shapes the environment to his235 words
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Page 3 Advertisements
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Advertisement85 2007-03-01 3 NANYANG EXECUTIVE MBA Global Leadership for the Asian Century From the Business School £0 that brought you Singapore's #1* j and Asia's #2* MBA program Nanyang Executive MBA Program A cut above the rest financial Times Ranking (Jan 2007) Faculty who are leaders of Asian Management thought Singapore Ist Global85 words
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COMPANY NEWS
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638 2007-03-01 4 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IT USED to be "sell in May and go away". Indeed, this was the case last year when ill-timed comments by US Federal Reserve chairman Ben Bernanke about US interest rates and inflation sent markets into638 words
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895 2007-03-01 4 SIOW LI SEN - DBS, UOB and OCBC also raise dividends as one-time gains, loans lift 2006 earnings 79% By SIOW LI SEN THE three Singapore banks posted record net profits of $6.84 billion, up 79 per cent from $3.83 billion in 2005, boosted by onetime gains and895 words
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668 2007-03-01 4 CONRAD TAN - One-time gain, loans growth boost profit by 50.4% By CONRAD TAN UNITED Overseas Bank's (UOB) net profit soared 50.4 per cent to a record high of $2.57 billion last year, boosted by strong loans growth across all major markets and a one-time gain668 words
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Article, Illustration414 2007-03-01 4 SIOW LI SEN - By SIOW LI SEN BREAKING with tradition. Wee Cho Yaw did not present United Overseas Bank's (UOB) full-year 2006 results yesterday leaving the announcement of the record profits to his son Ee Cheong, who is group deputy chairman and president. MrARTHUR LEE - 414 words
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Article, Illustration568 2007-03-01 4 UMA SHANKARI - By UMA SHANKARI PROPERTY developer City Developments yesterday said that net profit for the year ended December 31. 2006, rose 75.5 per cent as it sold apartments at higher prices and divested four hotels to a property trust. Net profit climbed to $351.7YEN MENG JIIN - 568 words
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378 2007-03-01 5 OH BOON PING - Shareholders to get up to $14.1m in bonus dividend By OH BOON PING PRECISION metal stamper Miyoshi Precision is distributing up to some $14.1 million of bonus dividend for the financial year ending Aug 31 to pass on unused tax credits to its shareholders.378 words
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Article, Illustration524 2007-03-01 5 MATTHEW PHAN - But it's confident of achieving target of 30% CAGR from 2003 to 2008 By MATTHEW PHAN HYFLUX, best-known for its membrane-based solutions to water treatment, reported a 63 per cent fall in net profit for the 2006 full yearFILE PHOTO - 524 words
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242 2007-03-01 5 Reuters [JAKARTA] Indonesia's largest auto distributor PT Astra International Tbk reported a 32 per cent decline in full-year net profit yesterday, largely due to a weak automotive market. The company, controlled by Singapore's Jardine Cycle Carriage, said net profit fell to 3.7 trillion rupiahReuters - 242 words
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424 2007-03-01 5 VEN SREENIVASAN - By VEN SREENIVASAN STRONG brand recognition and rising affluence in its key domestic China market helped frozen food maker Synear Food Holdings boost net profit for 2006 by 67 per cent to 406 million yuan (SsBo.l million) from 243 million yuan424 words
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282 2007-03-01 5 WEE LI-EN - By WEE LI-EN LUXURY home builder SC Global Developments posted an 80 per cent surge in net profit to $16.9 million for the 2006 full year boosted by strong sales of development projects and higher selling prices. Revenue surged 40 per cent282 words
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Article, Illustration338 2007-03-01 6 TETTYANA JASLI - Group recommends a final dividend of 1 cent plus a special dividend of 1 cent By TETTYANA JASLI LABROY Marine yesterday reported a 35.2 per cent rise in net profit to a record $73.8 million for its 2006 full year. The group,FILE PHOTO - 338 words
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518 2007-03-01 6 VEN SREENIVASAN - Strong Q4 helps earnings to more than double By VEN SREENIVASAN A SURGE in output and sales of two key products helped Pine Agritech boost its bottomlime more than two-fold last year. The China-based soy products specialist yesterday unveiled a 129 per518 words
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354 2007-03-01 6 BENITA AW YEONG - By BENITA AW YEONG CELESTIAL NutriFoods' net profit rose 31.7 per cent to 370 million yuan (Ss73 million) for its full year ended December 2006. A leading soybean food and beverage products manufacturer, Celestial saw its sales rise 44.3 per354 words
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241 2007-03-01 6 NUMBER CLOSING GROSS MATURITY YEAR RAISED COUPON AMOUNT INTEREST Of DAYS Of PWCES* REDEMPTION ISM CODE DATE RATE (Vn) PAYMENT ACCRUED tXCLUDWG YIELD (%p*) DATES INTEREST ACCRUED INTHttSI) <% fia) 01.03.2007 N *****0E 2000 4 3700.00 U9 1/3 180 99.99 7.47241 words
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390 2007-03-01 6 CHRISTINE SIM - By CHRISTINE SIM NET profit for China Printing and Dyeing Holding (CPD) for the full year of 2006 rose 7.9 per cent to 75.9 million yuan (5514.9 million), despite revenue falling 1.6 per cent to 610.3 million yuan. The results compare with 2005's390 words
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512 2007-03-01 7 TEH HOOI LING - MIIF to focus acquisitions on infrastructure assets in Asia now By TEH HOOI LING MACQUARIE International Infrastructure Fund (MIIF) yesterday announced that its full-year net income amounted to $103.2 million, or 8.1 cents per share. Fund managers said they would now focus512 words
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Article355 2007-03-01 7 Sino Techfibre net up 48% to 345.8m yuan SINO Techfibre, a producer ofmicrofibre and polyurethane synthetic leather in China, said net profit rose 48 per cent to 345.8 million yuan (S$69.2 million) for 2006. Group revenue rose 45 per cent to 944.5 million yuan. China Petro revenue up355 words
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406 2007-03-01 7 VEN SREENIVASAN - 2006 earnings up 5% as revenue rises 12% to $210.7 m By VEN SREENIVASAN STEADILY improving brand recognition and customer loyalty helped Super Coffeemix lift its full-year earnings by 5 per cent to $24.6 million last year, from $23.3 million in406 words
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386 2007-03-01 7 BENITA AW YEONG - By BENITA AW YEONG BREADTALK'S net profit for the year ended Dec 31, 2006 has more than quadrupled to $4.31 million. The full-year earnings, which compare with 2005's $1.04 million, came on the back of a 30 per cent rise in revenue to $123.6 million386 words
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Advertisement370 2007-03-01 5 JBp "'•;§r ;v 'S j^^Hl QinnnnAfp lyapwi o VENUE: Meritus Mandarin Singapore Brand DATE 28 March 2007 Conference www.singaporebrand.org A Different Kind Of Brand Conference The Singapore Brand Conference 2007 is not your typical COMPLIMENTARY I brand conference as it features speakers with real experience and expertise in building Singapore370 words
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Page 6 Advertisements
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Advertisement385 2007-03-01 6 SINGAPORE REINSURANCE CORPORATION LIMITED (Company Registration No. *****0016 C) SUMMARY ANNOUNCEMENT OF AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2006 GROUP (I) Key Audited Financial Figures Incr/ 2006 2005 (deer) Ss'ooo Ssooo Profit Loss Items Revenue 88,256 81,817 7.9 Underwriting profit 1,818 2,562 (29.0) Investment income 21,748 17,962 21.1385 words
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Advertisement32 2007-03-01 6 '""W! J I 3 N* SI GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. 4: V32 words
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Advertisement25 2007-03-01 6 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MAT 3 I NOTICES25 words
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Page 7 Advertisements
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Advertisement50 2007-03-01 7 RIMOWA Sale Now On the LUGGAGE shop #01-78 Millenia Walk Tel: 6837 0340 Business Hours: 10.30 am 9.30pm #03-42 Meritus Mandarin Hotel Shopping Gallery 333 Orchard Road Tel: 6235 4002 Business Hours: 10.30 am 7.00pm the Luggage shop is managed by The Pinnacle Distributors Pte Ltd Res NO.: *****1601 M50 words
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Advertisement1897 2007-03-01 7 NOTICES In the Matter of The Companies Act Cap. 50 and In the Matter of EAST ELECTRIC PTE LTD Company Registration No. *****0431H (In Members' Voluntary Liquidation) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of1,897 words
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SINGAPORE MARKETS
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Article, Illustration482 2007-03-01 8 R SIVANITHY - STOCKS Late short-covering helps the index close at 3,104 down 4% but well above the day's low of 3,039 R SIVANITHY Senior Correspondent THE gloom in the local stock market that started on Tuesday because of a meltdown in the China market deepenedSource: Bloomberg - 482 words
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Article, Illustration620 2007-03-01 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE heavy overnight sell-off in global equities extended to most Asian bourses and therefore several Asian currencies as well yesterday, but both the Japanese yen and Chinese yuan continued to impress. Despite the fact that theSource: Reuters - 620 words
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Page 8 Advertisements
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Advertisement15 2007-03-01 8 I &<£. <i<>» \fy |J I -t|& x- I I I L.:,. .J,:,.;— 'J- 1H& ...,..U.:15 words
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Advertisement78 2007-03-01 8 The SGX was unable to provide yesterday's closing data for market indices, active stocks, rises and falls, score board, trading turnover, ST Index component stocks, and Broker's Take. GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS78 words
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SINGAPORE NEWS
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641 2007-03-01 9 CHEN HUIFEN - YESTERDAY IN PARLIAMENT Chiam asks why income from govt land sales can't be included in Budget By CHEN HUIFEN THE hike in Goods and Services Tax (GST) continued to be a key concern among Members of Parliament on the second day of the641 words
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476 2007-03-01 9 WEE LI-EN - By WEE LI-EN MAJOR law firm KhattarWong has revamped its top management in a shake-up that has seen older hands make way for new blood. The firm, which has 73 lawyers, is now headed by Tan Chong Huat, 43, who also runs its corporate and476 words
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Article, Illustration504 2007-03-01 9 ARTHUR SIM - By ARTHUR SIM THE Singapore Tourism Board (STB) says it is looking into upgrading and revamping the facilities at Singapore Expo, a move that could give a new lease of life to the 29-year-old venue for meetings, incentives, conventions and exhibitions (Mice). STB assistantFILE PHOTO - 504 words
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307 2007-03-01 9 INVITATIONS to tender to build and operate the Singapore Sports Hub closed yesterday with proposals to the Singapore Sports Council delivered by the Alpine Mayreder, Singapore Sports Hub and Singapore Gold consortiums. Singapore Sports Council CEO Oon Jin Teik said: "All three307 words
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220 2007-03-01 9 THE government said yesterday that Loo Choon Yong, executive chairman of Raffles Medical Group (RMG), will take over from Philip Ng as chairman of Sentosa Development Corporation (SDC) from today. A joint statement by the Ministry of Trade and Industry (MTI) and SDC220 words
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Article, Illustration760 2007-03-01 9 MICHELLE QUAH - NKF CRIMINAL TRIAL By MICHELLE QUAH FORMER National Kidney Foundation chief TT Durai was back in court yesterday this time to answer criminal charges. The former NKF CEO is facing allegations of corruption in the Subordinate Courts, just six weeks after he gaveMUGILAN RAJASEGERAN/THE STRAITS TIMES - 760 words
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374 2007-03-01 9 RONNIE LIM - By RONNIE LIM GENERATING company Tuas Power (TP) and gas importer Gas Supply Pte Ltd (GSPL) have sold an $18 million trigeneration facility producing electricity, steam and cooling water to pharmaceutical giant Schering-Plough. This is the second such unit their TPGS Green374 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1183 2007-03-01 10 CHUANG PECK MING - The country's information and communications technology sector is set to double in size in five years, reports CHUANG PECK MING CHUANG PECK MING COMPANIES looking to invest in Indonesia think that the information and communications technology (ICT) sector is their best bet, a recent SingaporeFILE PHOTO - 1,183 words
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Article, Illustration569 2007-03-01 10 CHINA may be a bigger market but for Singapore Computer Systems, Indonesia accounts for more of its overseas sales and earnings. "Indonesia is the largest contributor of revenue and profit outside Singapore and is thus a key market for SCS," says Tan Tong Hai, president and chief569 words
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Page 10 Advertisements
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Advertisement60 2007-03-01 10 business tand Korean enterprise* in their giofaal expansion. pkns will firt4 Date 1 30 March 2007 HK J this business Time B:3oam 6:oopm V Bridging Partnerships between Korea and Singapore I Jointly Organised by Strategic Partner Supported by I'M ixrx/ccraA i Singapore Standard 42f i▲ V EsTSI lfiifS or 5|60 words
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Advertisement35 2007-03-01 10 ENTERPRISE THE BUSINESS TIMES Singapore Singapore Singapore MhtmMBIMI nwtot4oouNd WIH brought H you by Singapore and Tht Mm Tim*. II Singapore ii an agancy wndar tho MMNry of Trad* and Indurtry (wiping Singapore export and35 words
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Page 11 Advertisements
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Advertisement95 2007-03-01 11 .;>/** V v /< IIRk! V l A'',. r v.,"^! J Expand your vision. I See beyond your boundaries. f M f Expand your market. .^<—•"•" BE NEIGHBOURS WITH MORE THAN THREE BILLION CUSTOMERS i H Position yourself at the gateway to Asia. j Hn j jpjjj^gg HI I Do95 words
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ECONOMY WATCH
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Article, Illustration858 2007-03-01 12 INDIAN BUDGET Agriculture gets top priority; Customs rate cut to align it with Asean Bloomberg Reuters AP [NEW DELHI] India's government in its budget embraced agriculture as the top priority, slashed import tariffs to curb inflation and increased spending on ports and roadsBloomberg; Reuters; AP; Source: AFP - 858 words
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Article486 2007-03-01 12 Bloomberg Reuters [MUMBAI] Business leaders in India gave a thumbsdown to Finance Minister P Chidambaram's farmeroriented Budget yesterday. Reflecting the negative mood. Indian slocks posted their biggest ctyop in eight months, led by Reliance Industries and ICICI Bank. The government will levy a minimum tax onBloomberg; Reuters - 486 words
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Page 12 Advertisements
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Advertisement232 2007-03-01 12 Club Card To apply, ca*****6 0980 I <3» To Celebrate With A corporate gift, a company dinner or just casual drinking, L e Vigne a large HHH selection of wines .J for each occasion. by c^£>e/ Vityne; 40 Holland Grove Rd. Tel: *****053 i sms* **J- •< 7 k A232 words
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Advertisement8 2007-03-01 12 ■sgjg I CM^fcmuiNßumiwwwuQwr^ Ho****y AM PUbrxm 4«ar* 20Q*JBD78 words
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MALAYSIA
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Article, Illustration741 2007-03-01 13 PAULINE NG - But analysts believe Genting will get a casino licence in Singapore Byi PAULINE NG in Kuaia Uunpur GAMlNoiknalysts in Malaysia said yesterday they remain convinced that Genting group will get a casino licence in Singapore a day after the group's stock sankFILE PHOTO - 741 words
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630 2007-03-01 13 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur THE clock is ticking against RHB, Malaysia's fourthlargest financial institution, but any quick resolution seems unlikely. In addition, a market meltdown may have precluded any more sweetened offers. Tomorrow, a crucial deadline will have been630 words
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203 2007-03-01 13 Bloomberg [KUALA LUMPUR] Sime Darby Bhd, the Malaysian company with diverse assets inducing oil-palm plantations and car assembly. said fiscal second-quarter profit tripled after a one-time gain offset a loss at the auto unit. Net income soared to RM623.7 million (***** million),Bloomberg - 203 words
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182 2007-03-01 13 Bloomberg [KUALA LUMPUR] Maxis Communications Bhd, Malaysia's biggest mo-bile-phone operator, has reported that fourth-quarter profit rose 51 per cent after gaining customers in India. Net income rose to RM642 million (Ss2Bo million), or 25.3 sen a share, in the threeBloomberg - 182 words
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Article618 2007-03-01 13 —Bernama [KUALA LUMPUR] Malaysia's economy last year grew at 5.9 per cent, beating earlier forecasts as the fourth-quarter growth of 5.7 per cent rounded up a year of increased activities in all major sectors. The encouraging growth figure, which was higher than the government's earlier prediction—Bernama - 618 words
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Article2361 2007-03-01 13 VOL N>» n fm A A M Realty 1.41 -0.02 63 Abric9hd 0.35 -001 117 Acp Industries 1.75 -0.11 1490 Advanc* Synergy 033 -0.02 5538 Adventa Bhd 003 -0.01 177 AeMutti Hldgs .0.40 -0.01 743 Affin Hotdingi 123 -017 ***** Ahmed ZaU Menu. -249 -0.09 187 AicCorp M32,361 words
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GREATER CHINA
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Article, Illustration418 2007-03-01 14 Chinese firms seek new technology, aim to boost sales overseas: report AP Bloomberg [BEIJING] Shanghai Automotive Industry Corp, China's largest carmaker, yesterday denied a report that it was planning to buy DaimlerChrysler AG's Chrysler unit after the shares of its listedAP; Bloomberg - 418 words
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628 2007-03-01 14 Reuters [BEIJING] China's parliament opens its annual session on Monday with hopes of passing a landmark Bill that would protect private property for the first time and see Communist leaders embrace another pillar of free markets. The National People's Congress (NPC) is likelyReuters - 628 words
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334 2007-03-01 14 AFP [WASHINGTON] China's military modernisation is aimed at achieving parity with the United States and not limited to its drive for reunification with Taiwan, the US intelligence chief said yesterday. Retired admiral Michael McConnell, the new director of national intelligence, saidAFP - 334 words
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Page 14 Advertisements
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Advertisement7 2007-03-01 14 missing 1&0 B*2 6382 UANHE ZAOBAO aSS^T^^SSSS7 words
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WORLD
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Article, Illustration347 2007-03-01 15 But Macau casino drives adjusted results above expectations AP [LAS VEGAS] Casino operator Wynn Resorts' loss widened in the fourth quarter, but its new Macau casino helped drive its adjusted results above Wall Street's expectations. The loss widened to U5555.4 million or 55AP - 347 words
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245 2007-03-01 15 Govt's Istithmar acquiring NY hotel from Related Cos Bloomberg [NEW YORK] Istithmar, an investment firm owned by the government of Dubai, will buy the Mandarin Oriental New York Hotel in Manhattan's Time Warner Center from Related Cos. The 248-room hotel will continue to beBloomberg - 245 words
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228 2007-03-01 15 AP [WASHINGTON] The US economy grew at a sluggish 2.2 per cent pace in the final quarter of last year, much slower than initially estimated, in the sort of unusually large revision that has happened only seven times in the last 30 years. TheAP - 228 words
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Article6202 2007-03-01 15 UNIT TRUSTS FUNDS AJN Amro Asset Mgt (S'por*) Star Europe Eqty!" 1 058/ Star Europe Bond 1.187/ Star Europe M 1.231/ Sar Asian Tiger Eqty 1286/ Star Asia Bond 1317/ Stat Asa Balanced 1.101/ Star Global Technology Fund!" 0-208/ Mullj StFd 0.988/ Star Asia BondtUSD) 0.862/ Gft) Multi St USD6,202 words
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Page 15 Advertisements
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Advertisement33 2007-03-01 15 f You can now use your CPF savings to invest in AllianzGl RCM Global Allianz (Hi) High Payout Fund. Visit our appointed distributors for more details. Global investors <<.m|un\ f«vn n<» hrwo/lhs/ V33 words
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MARKET MELTDOWN
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Article, Illustration549 2007-03-01 16 Market rebounds as government calms jittery investors Reuters [SHANGHAI] The Chinese government is riot planning to tax stock gains, the Shanghai Securities News reported yesterday after rumours about such a tax drove domestic shares down 8.8 per cent on Tuesday. The China slideReuters; AP - 549 words
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Article, Illustration400 2007-03-01 16 Bloomberg responsible for the sudden drop in the Dow Jones Industrial Average about an hour before the close of trading on Tuesday because they failed to keep up with stock trades. The New York Stock Exchange and Nasdaq Stock Market Inc alsoBloomberg; Source: Bloomberg - 400 words
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Article, Illustration650 2007-03-01 16 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo MARKETS got a taste yesterday of what could happen if yen carry trades unwind as stock markets plunged and currencies see-sawed. Volatility has returned to the markets and that could spell the death of the carryREUTERS - 650 words
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685 2007-03-01 16 ANDREW MARKS - By ANDREW MARKS in New York BLOODLETTING in US stocks has left Wall Street bent but unbroken. The US market was slammed on Tuesday, bringing an abrupt and dramatic end to a bull run that hadn't experienced a correction of more than685 words
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532 2007-03-01 16 Reuters [WASHINGTON) Tuesday's loss of about US$6OO billion in US stock values is unlikely to shake the Federal Reserve's faith in a sound economy, and as long as the market drop is limited, policy makers may see it as a usefulReuters - 532 words
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Advertisement31 2007-03-01 16 J} M E. 1' iL jtk iL \a I' m% v JPw I radio 3 i Radio 91.3 is managed by SPH Unionworks, a subsidiary of MP Singapore Press Holdings j§31 words
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Page 17 Advertisements
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AVIATION
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Article, Illustration606 2007-03-01 18 While 3 plants are open to investors, 3 others are set to be sold or closed AP [PARIS] Airbus said it will cut 10,000 jobs over four years as it unveiled yesterday a restructuring plan aimed at helping the planeAP - 606 words
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Article2328 2007-03-01 18 CITY FUCMT ETA RKW FTP AhwDhahl SQ455 122S SQ456 1300 Adallldl LH9771 1740 AF8088 2215 SQ268 1740 BA7382 2215 AF8067 1830 QF82 2215 BA7381 1830 LH9770 2350 Of81 1830 SO269 2350 SQ530 1930 Amftardam L***** 0645 KL838 2315 SQ323 0645 L***** 2345 K1837 1605 SQ324 23452,328 words
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250 2007-03-01 18 Bloomberg [KUALA LUMPUR] Air Asia Bhd. South-east Asia's largest discount airline, said second-quarter profit almost tripled to a record on increased demand for cheaper fares. Net income rose to RM150.1 million (5565.6 million), or 6.3 sen a share, in the threeBloomberg - 250 words
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500 2007-03-01 18 Bloomberg [JAKARTA! Indonesia may ban its airlines from buying older planes, following a spate of crashes and after an aeroplane broke its fuselage on landing last week. The government may cut the maximum age used planes can be sold at to 10Bloomberg - 500 words
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366 2007-03-01 18 Bloomberg [SHANGHAI] Hong Kong, home to Asia's third busiest airport, will spend HKS3.I billion (*****.9 million) this year on air traffic control improvements and other facilities to support growing demand for passenger and cargo flights. The Civil Aviation Department will build a new headquartersBloomberg - 366 words
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193 2007-03-01 18 Reuters [SYDNEY] Two big shareholders in Qantas Airways Ltd are unwilling to sell their stakes at the price offered by a private equity consortium, fuelling doubts that the US$B.7 billion proposed takeover will go through, the Australian Financial Review reported yesterday. <» ÜBSReuters - 193 words
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Page 18 Miscellaneous
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Miscellaneous263 2007-03-01 18 CRYPTIC CROSSWORD 7 Tom taking in nude show 1^ 8 Daughter came down ex- jMI-HI-10 Plant pot with anise, it turns P®|| I J 1 1 1 I Stygian vessel following dead a necessity including nuts (6) 15 Loving drove one crazy (11) 19 Conductor's jingle? (6) ~W""" 20 Understood263 words
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SHIPPING
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Article, Illustration838 2007-03-01 19 It's likely to be worth US$l25b in 2010, says Datamonitor INDIA'S third-party logistics (3PL) market is set to experience a period of explosive organic growth with the Indian logistics industry at an inflection point and expected to reach a market size ofBLOOMBERG - 838 words
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Article, Illustration435 2007-03-01 19 AFP [JAKARTA] The death toll from Indonesia's latest ferry disaster rose to 54 yesterday as the country's president told passenger boat operators to improve safety. The latest body found was of a journalist missing after the Levina I ferry, whichAFP - 435 words
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PORT SHOTS
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Article120 2007-03-01 19 Bloomberg ILONDON] The Houston Ship Channel, part of the largest US petroleum port, closed to arriving oil tankers and other vessels for the second time in two days because of fog. Houston has the largest US oil port and second-largest port of any kind byBloomberg - 120 words
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Article94 2007-03-01 19 Bloomberg [ATHENS] Ocean Tankers Holdings pic, which sold shares for the first time in Cyprus in November, had a profit in 2006, rebounding from a loss in the second half of the previous year, as sales soared. Net income was US$2 million last year, theBloomberg - 94 words
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273 2007-03-01 19 Bloomberg [ATHENS] Greek-controlled ships' cargo-carrying capacity rose 15 per cent over the past year, bolstering the country's ranking as the biggest ship-operating nation. The ships' total capacity rose to 218.2 million deadweight tons on Feb 16, from 190.1 million deadweight tons at theBloomberg - 273 words
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274 2007-03-01 19 Reuters [DHAKA] Bangladesh is seeking US$3OO million in loans from the World Bank to develop its inland waterways. a senior official said on Tuesday. "Rivers are the gift of nature, but we fail to reap benefits from them for they are often polluted and silted/'Reuters - 274 words
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Article155 2007-03-01 19 Bloomberg [TOKYO] Shares of Mitsui OSK Lines Ltd, Japan's secondlargest shipping company, tumbled amid concern the company's profit outlook does not justify its stock price. Shares of Mitsui OSK dropped 6.7 per cent to close at yen in Tokyo.The Nikkei 225 Stock Average fell 2.9 per centBloomberg - 155 words
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Article227 2007-03-01 19 f«a w* v* OOtttfwra O42 -003 1401 Oman Hup MUgi 031 -OjOI 2M2 CoKoCorp IK -OH Uill CMtMM OS 0 04 2466 (j»HUa __._4J6 -004 759 NMIM. 009 -001 S7M awdi mti 0 iMHoWUd 142 0 05 MM KfWMim 0.12 -001 4932 (awicap 1010 -0 70 IOI e227 words
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Page 19 Advertisements
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Advertisement271 2007-03-01 19 SOOTH EAST ASIA AND SOOTH ASIA/AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, the following Lines in the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that with effect from 1 April271 words
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EDITORIAL & OPINION
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Article538 2007-03-01 20 EDITORIAL BY ALL accounts, Singapore's property market is on a roll. Or at least recovering strongly. Not just in the luxury end, where prices seem once again to have hit stratospheric levels in recent months, but, according to industry pundits, the mass market too within538 words
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Article, Illustration823 2007-03-01 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group ANYONE who practises deadline journalism is bound to find much to regret things you wish you'd said (or hadn't said) and words, arguments and attitudes that, with hindsight, seem poorly chosen. Which bringsThe Washington Post Writers Group - 823 words
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Article, Illustration1002 2007-03-01 20 ANTHONY ROWLEY - It is not so much a case of the business coming to Tokyo as a financial centre as of Japan going to where the business is ANTHONY ROWLEY Tokyo Correspondent OVER the past few decades, Tokyo, Hong Kong and Singapore have vied fromREUTERS - 1,002 words
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Article, Illustration831 2007-03-01 21 RONNIE LIM - It will be spending six billion euros in the next five years to modernise it Reports by RONNIE LIM BASF's giant 700-hectare Ludwigshafen site which is more than triple the size of Monaco is the German chemical company's largest facility worldwide with over 250 plants.831 words
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Article, Illustration614 2007-03-01 21 ROWTH rates have an m impact on where we I invest," Wolfgang Hapke, BASF's Asia-Pacific president for market and business development, says. And the Asia-Pacific chemicals market the world's largest with projected annual growth of 4-4.5 per cent until 2015 clearly looms large on its radar. ButFILE PHOTO - 614 words
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Page 21 Advertisements
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Advertisement1461 2007-03-01 21 BecoWtse II II U I, It I t, I. J Will I > I ECOWISE HOLDINGS LIMITED I (Incorporated in the Republic of Singapore) I (Company Registiation No. *****9636C) I S M ifr* 1 *****3 on 23 March 2007 at 10.00 i.m., for the purpose of considering and, if thought1,461 words
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WORLD
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459 2007-03-01 22 Share investments also supporting their household finances: report Reuters [LONDON] Private investors took almost £11 billion (Ss33 billion) out of the stock market in the past year, a study showed this week. Retail investors sold a net £10.9 billion worth of stockReuters - 459 words
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Article, Illustration413 2007-03-01 22 Bloomberg [SAN FRANCISCO] Apple Inc predicted that 10 million customers will pay at least US$499 to buy an iPhone next year because they realise most free mobile phones are worthless. "A lot of people pay zero for the cell phone. Guess why? That's whatBloomberg; AP - 413 words
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Article, Illustration741 2007-03-01 22 Granddaughter displayed them at her Paris flat AFP [PARIS] Two paintings by Pablo Picasso worth a total of 50 million euros (Ssloo million) and a drawing were stolen from the Paris apartment of the artist's granddaughter, police said yesterday. "Maya with Doll", aAFP - 741 words
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Article, Illustration454 2007-03-01 22 Reuters Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke yesterday renewed a warning to the US Congress that failure to take action soon to prepare for the retirement of aging baby-boomers could lead to serious economic harm. Mr Bernanke did not address theReuters; Bloomberg - 454 words
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579 2007-03-01 22 Reuters [TOKYO] When Canon Inc was sued by a small, mon-ey-losing US technology firm two years ago. the dispute was over a patent licence that had cost the Japanese electronics giant a one-time payment of US$5.6 million. But now that theReuters - 579 words
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Article2638 2007-03-01 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES hiltcaicarr to» tolftS dy yr dy yr dy %y» M>27 Indm Oangt Chang# Chang* Ch«np» Chnp» Chang* WbrtdmdeuPwinUnJV ***** 1.6 2.3 -15 13 U J5 t WE Preliminary J1443 -2.1 33 -U 3.1 -15 3.7 faropePrefeninafY ***** -23 13 -25 13 2.4 1.92,638 words
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Page 23 Advertisements
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Advertisement53 2007-03-01 23 The SGX was unable to provide yesterday's dosing data for Bonds and Warrants. ^3& *|Mi. .£7 ■v.\«n r *> *3KMjRr Ht* rs- 'W*** ..jkb^l i f"'* >. w %^^sflß ■ZnW^E^ 'tMpr» i i SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in CATS Notices in The Straits53 words
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Advertisement1403 2007-03-01 24 UK COWTIWEMT SERVICE U.IA SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TIB/NAN STX POTBN CAM/NFK/NCX/SAV YORDAN LUTIBRODSK RDM/ATW/BMN ALB/NAN loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia. lndoo«io MIPPLE-EAST SERVICE REJS.EJL SERVICE Destination PAN VOYAGER JDH/DMT/BJA Destination DDMASTER DBI/ABU/DOH/BRN/DMM/KWT STX POTBN INC/BSN PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E.1,403 words
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Advertisement390 2007-03-01 24 vOto WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VESSEL VOT UW HBOHT SM IK «U0 SAV »Al 0«f TARAGO AI7OO 3201 m MM 07/13 31/03 09/04 13/04 17/03 15/04 ttMERUM Af 711 3201 MS MM 09/04 01/0S 10/05 14/03 10/05 10/05 UKO AF7I2 4201 m MM 17/04 10/05 H/05 21/05 20/05 Ntw390 words
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Advertisement1471 2007-03-01 25 WAN HAI INTERNATIONAL PTE LID cs NO: **********0/ I V" ..(ill T1L*****588 (HUMS) FAX: *****163 \M WAN HAI LINFN ***/*«**i*-HM*****1200 TVnll llftl UllfcJ HI IE: (03) *****818 MX: (03) *****288 FBI IH: fl>4) 22A5900 BUL (04)*****99 Y JOH (07) *****3 HUt (OD2SHWISBIIH: (031) 3J*****HU: (03)) *****14/ 3J9130S www wonkai com1,471 words
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Advertisement1201 2007-03-01 25 IVfSSiI VOY PKL I SIN I KARACHI I PXB I BAB I DMM BMC KHOR IRAN BAABAEI PCL SlB9 09/03 10/03 19/03 22/03 23/03 29/03 31/03 02/04 IRAN SATTARI PCL 8190 15/03 14/03 23/03 26/03 27/03 02/04 04/04 06/04 IWANTABATABAB PCI 8191 20/03 21/03 30/03 02/04 03/04 09/04 11/04 13/041,201 words
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Advertisement570 2007-03-01 25 m sjcaifAt WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS ttssa vot sw I nunc coioouo I s«ya I coiomio turn eflzs as zia ziai mfb mm miaphiama mtosi v fti aw 03 ma aim iimai homahh ootow otm mm iomai hma» ***** ALSO KOPIW570 words
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THE BUSINESS TIMES SHIPPING TIMES
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5505 2007-03-01 26 ETA ETA Advertiser Vessel Voyage Telephone SIM Desfn Nate Name Number Number To ADELAIDE (ADL) 2007 Australia 11/03 30/03 China Shpg ANL WARRINGA 002S *****898 11/03 30/03 PTDjakarta ANL WARRINGA 002S *****202 14/03 30/03 Austral Al CAPE DARBY 02F7 *****333 18/03 06/04 China Shpg5,505 words
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BizIT
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Article, Illustration768 2007-03-01 27 AMIT ROY CHOUDHURY - Recent govt moves help to boost demand, writes AMIT ROY CHOUDHURY A GROWING number of mobile workers and increasing focus on improving operational efficiency and customer experience are fuelling growth of mobile enterprise applications and services market in Singapore, according to a new report768 words
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356 2007-03-01 27 PAMELA CHEW - By PAMELA CHEW SOFTWARE and services company Autodesk yesterday signed a memorandum of understanding (MOU) with Woodgrove Secondary School to set up an inaugural Autodesk EduLAB programme, with customised training included, for lower secondary students. The Autodesk EduLAB programme will be equipped with Autodesk356 words
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354 2007-03-01 27 ROLAND LIM - Instead, it will put in 5 GB a mth free download cap from April 1 By ROLAND LIM FOLLOWING customer complaints that its "unlimited" wireless broadband access plan launched in December last year was not truly unlimited, Ml yesterday announced that it intends to354 words
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Article, Illustration394 2007-03-01 27 WINSTON CHAI - By WINSTON CHAI AFTER months of anticipation and relying on backdoor parallel imports, Sony's much-touted new Playstation, the PS3, is finally set for its official debut in Singapore. The company will launch its latest gaming console on March 7, nearly a year after394 words
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367 2007-03-01 27 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY NETWORKING major Cisco Systems has established a $3 million state-of-the-art customer briefing centre (CBC) in Singapore to showcase the latest innovations in Internet Protocol (IP) networking technology. The CBC will provide Cisco's Asia-Pacific channel partners and customers with a367 words
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Page 27 Advertisements
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Advertisement9 2007-03-01 27 (IJW* li|iite>l^ IPOrwtKe r war nfcmpaptfi.. t# ifoo v&um9 words
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Advertisement23 2007-03-01 27 WWW.HAinMKONE.COM* SURVEY 2007 wwiia s ji AHPWO«I_ I heavyweight I I shareholder I |pDCCorp?wl IV*, i j i iikTM i K*y i't*y I*Pl*^^b23 words
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PROPERTY
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202 2007-03-01 28 Reuters [SYDNEY] Real estate buyout firm Colony Capital LLC is opening a branch in Sydney to help it source deals in Australia. Colony's founder, chairman and chief executive Thomas Barrack said yesterday. Colony has invested about US$2O billion around the globe, managed outReuters - 202 words
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330 2007-03-01 28 Prices in 70 major cities up 5.6% from a year earlier Bloomberg [BEIJING] China's property prices rose faster in January, the nation's top planning agency said yesterday, even as the government has been trying to slow increases with curbs on land supply andBloomberg - 330 words
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274 2007-03-01 29 KALPANA RASHIWALA - New owner expected to hold the 34 apartments for investment By KALPANA RASHIWALA HABITAT Properties has sold all 34 apartments at its freehold Anderson Green condominium to a foreign party for about $112 million, BT understands. The price is believed to work out to274 words
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306 2007-03-01 29 VINCENT WEE - By VINCENT WEE THE Singapore Land Authority (SLA) has awarded the tender for a site at 175 A Chin Swee Road for use as a boutique business hotel to Vita Holdings unit Whitehouse Holdings. The rental price is $82,178 a month. Vita will invest $6306 words
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1545 2007-03-01 29 PROJECT NAME/ PROP CONTRACT TENURE BUIU4N/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFT) (SS'OOO) (S$) District 01 NON-LANDED Emerald Gdn Apt 31/01/2007 999 1033 1110 1074 Emerald Gdn Apt 31/01/2007 999 990 1089 1100 Emerald Gdn Apt 25/01/2007 999 9691,545 words
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Article780 2007-03-01 30 KALPANA RASHIWALA - Biggest hikes in downtown areas such as Raffles Place, Marina Bay By KALPANA RASHIWALA REFLECTING rising property and land prices over the past six months, the government yesterday increased development charge (DC) rates. The biggest increases were concentrated in the new and existing downtown locations such780 words
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Advertisement476 2007-03-01 28 COLLbC HVE SALE IHEHMI LAUREL PARK (FREEHOLD) French p Seronooon Gordon 1 Dl 9 Serangoon Garden AmhmC' Land approx. 91, 271 sq ft g»rv |lk Residential 3-storey mixed landed i J m A Potential 65 cluster houses Near 2 MRT Stations, Chomp Chomp, 1 f Australian French Schools B I476 words
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Advertisement28 2007-03-01 29 11L 43 x^^'*T. X\x\ j^VvWH i lil^fiiMaii^rmi' AI K#9 KsHsBH Cj -iJST^'P 0^ %1 Form ('*'6o7) 3003 resort residences A wealth of experience for diƒerent fields of specialties28 words
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Advertisement402 2007-03-01 30 2-Storey Bungalow Land size 2363.3 sm (25,438 sf approx) Beautifully elevated site Wide frontage Panoramic greenery views Freehold Ideal for a single palatial home Rarely available For more information, please contact Savills Prestige Homes: Steven Ming 9004 0518 Mya Luu 9188 1978 Main Line 6536 5022 taurines court SKf'lSfftl I402 words
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