The Business Times, 10 March 2007

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Total Pages: 20
1 20 The Business Times
  • 20 1 The Business Time SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 March 10-11, 2007 online at http://busines>-times.asial.com.sg
    20 words
  • Property execs clinch top business awards
    • 459 1 tablished property developers to become the first developer at Sentosa Cove, he maintained. So determined was he to help make Sentosa Cove a playground for rich that he even put in the only bid for the tender there Coral Island. Looking back, Mr Chua said he was a little concerned
      459 words
  • 438 1  -  INTEGRATED RESORTS Suitability checks will continue even after casino licence has been issued: regulator By WEE LI-EN [SINGAPORE] Efforts by Genting to distance its $5.2 billion Sentosa casino resort project from gambling tycoon Stanley Ho may not be enough to
    438 words
  • 549 1 Tax incentives work better to help businesses [SINGAPORE] The government "should not be an ATM for budding entrepreneurs", Raymond Lim, Minister for Transport and second minister for Foreign Affairs, told businessmen last night. Mr Lim, who was formerly with a
    ARTHUR LEE; YEN MENG JIIN  -  549 words
  • 137 1 sn 3,143.71 (+2122) ST INDEX FUTURES 3,143.00 (+21.00) siMsa 384.26 (+2.16) SIMSa FUTURES ***** (+1.60) MARKETS Friday Changs KL COMP 1.188J3 +1.77 NIKKEI 225 17,1 MM ♦73.73 HANG SENG 19,134 88 -4029 SET INDEX 671.17 0 81 JAKARTA COMP 1,764.58 -6l98 MANILA COMP 3,099.82 +71.45 SEOUL COMP 1,423.5a
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  • TOP STORIES
    • 515 2 Carrier's managers now in talks with Temasek unit, says industry source AFP. Bloomberg, AP [KUALA LUMPUR] The management of Thai Air sia is in talks to acquire the 50 per cent share in the airline held by Shin Corp,
      AFP.; Bloomberg,; AP  -  515 words
    • 389 2 FORBES' LIST OF WORLD BILLIONAIRES The world's top 10 billionaires Some Asians among the billionaire list 'This is the richest year ever in human history. Never in history has there been such a notable advance. Forbes chief executive Steve Forbes Cantos Slim US$49b Ingvar Kamprad, Us$33b
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    • 455 2  -  Lakshmi Mittal remains Asia's wealthiest: Forbes By OH BOON PING [SINGAPORE] Singaporeans Ng Teng Fong, Wee Cho Yaw, Kwek Leng Beng family, and Zhong Sheng Jian have made it to Forbes' ultra-rich list this year. Meanwhile Mittal Steel boss Lakshmi Mittal continues
      455 words
    • 654 2 Reuters. AP. AFP [NEW YORK] The world's richest are getting younger and richer with more Russians and Indians cropping up among the world's richest people. The number of billionaires at 946 is 19 per cent higher than last year when
      Reuters.; AP.; AFP  -  654 words
    • 67 2 IN the report "45,000 taxpayers won't have to file returns" (BT, March 7), we gave the SMS keystrokes that taxpayers have to enter if they want to find out if they need to file a tax return. Because of a line break in the printing, the key sequence was
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    • 558 2 SIA shortlists three agencies for ad account AFTER a two-month search, Singapore Airlines has shortlisted three creative advertising agencies DDB, Publicis and TBWA—for the final stage of evaluation for its global creative account. But it made clear yesterday that the Singapore Girl stays, along with her sarong kebaya
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  • Page 2 Advertisements
    • 66 2 Score Card Over 500 properties from 2-bedroom apartments, townhouses to ocean front homes are now available EXCLUSIVELY for YOU. m FIND OUT HOW YOU CAN TAKE ADVANTAGE" Date: Sunday, 11th March 2007 Time: 2.00pm 5.00pm Venue: NUSS Guild House Suntec City Level 5 (Lift at corner of Carrefour Starbucks) Limited
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  • RAFFLES CONVERSATION
    • 2464 4  -  Lee Raymond, 68, may no longer be chief of ExxonMobil, the largest oil company in the world, but he's not slowing down, as his views are still valued by the company and his expertise sought by many organisations. RONNIE LIM reports RONNIE LIM DO OIL BARONS ever
      ARTHUR LEE  -  2,464 words
  • Page 4 Advertisements
    • 61 4 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
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  • 2890 5 We reproduce below the acceptance speeches given last night by the winners of the Singapore Business Awards 2007 at the Ritz-Carlton Millenia HONOURABLE Minister for Transport Mr Raymond Lim, organisers of the Singapore Business Awards, his excellencies, distinguished guests, ladies and gentlemen. Good evening. I stand
    PHOTOS: YEN MENG JIIN  -  2,890 words

  • COMPANY NEWS
    • 492 6  -  DDB, Publicis, TBWA in running for account estimated at $50m a year By VEN SREENIVASAN AFTER a two-month search, Singapore Airlines has shortlisted three creative advertising agencies for the final stage of evaluation for its global creative account. But whoever wins the account,
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    • 548 6  -  STOCKS R SIVANITHY Senior Correspondent IT has certainly been a volatile week with the Straits Times Index undergoing massive swings and for investors this made for a heart-stopping five days during which it appeared as if a full-fledged bear market might be upon
      548 words
    • 2727 6 UNIT TRUSTS FUNDS m!,lnra,n 8 l S S£ U«V DWS Invest (mgYWNCSGD I9682JH*****1 i«mmyewtBJSD 30b UillOrrHi 1/* OuSMtnUNWl Mil* imxnam m ilWIll J II I Afl A/net income AT USD tW W»5lnveslfiii)Y1dlC(U* 101 9112/*****85 Adtft OMl>MB61 USD tt» StafwrfA 651* !SZZ3BS? DW 'K' 2H5S" \'25J! UHAJOTAurtMat'SK..! AS Am« trcow 8T
      2,727 words
    • 330 7  -  By UMA SHANKARI ALL options except one to buy units at 273-unit Sky@eleven have been exercised, the Thomson condominium's developer, Singapore Press Holdings (SPH), said yesterday. When the condo was launched in January, all 273 units were snapped up within 30 hours at an
      330 words
    • 466 7 Big increase in sales expected with five new customers Reuters HONG KONG-based computer speaker maker Plastoform Holdings Ltd expects that robust demand for its high-quality, small speakers will drive sales and earnings growth this year. Plastoform, with a market value of US$4O million, supplies
      Reuters  -  466 words
    • 158 7 BSE to list futures trading on SGX A DAY after its strategic tie-up with Singapore Exchange (SGX), the Bombay Stock Exchange (BSE) planned to list the futures trading in its benchmark index. Sensex, on SGX, says a report in Business Standard. Rendezvous Hotels to manage hotel in KL
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    • 207 7 HOSEN Group has proposed a rights-cum-war-rants issue to raise about $5.95 million in net proceeds. The renounceable nonunderwritten issue is on the basis of two rights shares at five cents each and one free detachable warrant for every two existing shares. Each warrant will entitle the shareholder
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    • 284 7  -  It'll launch its Cafe Nova Latte in three flavours by end-March in 3 f ooo 'hundred yen' stores By WEE LI-EN THREE hundred thousand boxes of Super Coffeemix Manufacturing's Cafe Nova Latte instant coffee will hit more than 3,000 convenience stores in Japan
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    • 331 7  -  By JANICE HENG MORE investors might be attracted to Singapore if an informal body is established to settle disputes between listed companies and minority shareholders, said David Gerald, president and CEO of the Securities Investors Association (Singapore), or SIAS. Mr Gerald made the suggestion
      331 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      1002 8  -  Compiled by MATTHEW PHAN Singapore Computer Systems March 9 dose: $0.70 DBS GROUP RESEARCH, March 6 STORY: FYO6 net profit stood at $7.3 million, from net loss of $43.6 million in FYOS and above our estimate of $5.5 million. Revenue came in at $375 million, up 8 per
      Source Bloomberg  -  1,002 words
    • 1020 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv 000 Shr S ('000) ('000) IHTHIdgs 9-Mar-07 Neo Koon Boo Buy 501 0.10 ***** 21.73 ***** 21.96 DMX Tech 8Mar-07 Aegis Portfolio Mgrs PL *Buy 957
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    • 1324 8  -  SHOW ME THE MONEY TEH HOOI UNG Senior Correspondent YOU pride yourself as a long-term investor. But a stock that you bought two months ago has now doubled in value. You feel that the price has run up a bit too far, too fast. Should you
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  • Page 8 Advertisements

  • SINGAPORE NEWS
    • 352 9 THE annual quota for certificates of entitlement will be reduced by around 12,000 for the quota year 2007, the Land Transport Authority said yesterday. A total of 127,021 COEs will be released from May 2007 to April 2008. Category
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    • 241 9  -  By WEE LI-EN THE penalty for lawyers without practising certificates who continue to give legal advice to clients has been increased in an amendment bill to the Legal Profession Act tabled in Parliament yesterday. At present, errant lawyers face a fine of up
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    • 114 9 Global security show at S'pore Expo GLOBAL Security Asia 2007 will be held at the Singapore Expo from March 27 to 29, hosted by the Ministry of Home Affairs. The exhibition and conference will focuses on the issue of terrorism as well as land, air and maritime security.
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    • 256 9  -  By BENITA AW YEONG ESSILOR International has entered into a partnership with Singapore-based NeuroVision, giving the former distribution rights for NeuroVision's vision enhancement programmes and a minority equity stake in the company. Essilor will use its extensive optometric channels to distribute and market NeuroVision's enhancement
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    • 268 9  -  Mega event to attract over 13,000 professionals By TETTYANA JASLI THE Singapore Dental Association (SDA) announced yesterday that Singapore has secured the bid to host the FDI 2009 Annual World Dental Congress. The event will be held at the Suntec
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    • 379 9  -  By VINCENT WEE THE combination of India's SP Jain Centre of Management's standing among Asian business schools and the attractiveness of the Singapore education brand is a powerful one, said Minister for Education and Second Minister for Finance Tharman Shanmugaratnam at the opening
      379 words
    • 595 9  -  Ministry plans to widen rail network and improve quality of buses and trains Reports by VINCENT WEE A GROWING population requires big moves to improve the public transport system, particularly extending and improving the MRT, Transport Minister Raymond Lim said in Parliament yesterday.
      FILE PHOTO  -  595 words
    • 268 9  -  By TETTY ANA JASLI THE reasons for success may not be as they appear, the Singapore Business Federation thinks, so it has commissioned a survey to find out more. The federation has appointed StrategiCom, a 828 branding specialist, to survey 300 large global
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  • MALAYSIA
    • 384 10 Bloomberg [SINGAPORE] Air Asia Bhd, South-east Asia's largest budget carrier, has sufficient funds to pay for its order of 150 single-aisle aircraft from Airbus, easing concerns about a potential share sale. The company will not need to raise funds through a share
      Bloomberg; BLOOMBERG  -  384 words
    • 6533 10 MlA MMINBUMKU Transaction date: Mar 9 SM* M UM Ml Day Lart Quota Ww GrVM IM MCao 52-818 TM LaM VM Day UftQwli Oft OrtW IM MO* U« M IM «M On UMOnM DM GrtM MM MO» M» U» ex. Cgg Ml W. rtoo L—> *rm SMbt CM
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    • 672 10  -  RHB, Utama shares slip on lower bid; unclear if Kuwait will take part By S JAYASANKARAN in Kuala Lumpur MALAYSIA'S state-owned Employees Provident Fund, which won a three-cor-nered fight for ownership of financial services group RHB on Thursday for a total of RMIO
      672 words

  • INDONESIA
    • 6098 11 Transaction Date: Mar 9 MOST ACTIVE STOCKS VOLUME VALUE Indofood 46.398.000 CapitaLand 93.624.450 Thai Beverage 45,947,000 SuntecReit 80.893.428 SuntecReit 42.749.000 SingTel 77.028.445 Abterra 39.210.000 DBS Grp 70.393.292 CSC Hldgs 38.504.000 Keppel Corp 61.446.576 ChinaEnergy 33.607.000 OCBC Bk 58.644.650 GuthrieGTS 31.012.000 UOB 56.713.300 Gen Intl 30.935.000 Indofood 56.144.609 SingTel 23.293.000
      6,098 words
    • 554 11 GARUDA CRASH Garuda fire sparked by fuel spilling from plane's broken wing: investigator Bloomberg, Reuters. AFP [JAKARTA] Indonesia's government will replace its top transport officials and tighten aviation regulations after three airline disasters in as many months "embarrassed" the nation, Vice-President Jusuf Kalla said.
      Bloomberg,; Reuters.; AFP  -  554 words

  • GREATER CHINA
    • 407 12 Its parliament can't do without scores of interpreters Reuters [BEIJING] With only half of China's 1.3 billion people able to speak the official language Mandarin and 55 ethnic minorities, it's natural that the annual meeting of parliament has to lay on some special services. A team
      Reuters; AP  -  407 words
    • 543 12  -  By JANE MOIR in Hong Kong AS Hong Kong readies for the chief executive vote later this month, speculation of a Cabinet reshuffle is escalating; in particular, whether the city's financial secretary slot will be up for grabs. Current chief executive Donald Tsang
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    • 2465 12 VOL Mar» KM w- rmm AIM Realty 1.66 -0.09 180 AbricBhd 037 -0.01 2152 Acp Industries 131 -0.03 481 Advance Synergy .030 unch 1386 Adventa Bhd .0 34 -0.02 422 AeMuIti Hldgs 036 -0.01 436 Affin Holdings 334 0.02 8905 Ahmad ZafciRcsou 3.51 0.03 56 AkCorp 039 -0.04
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    • 675 12 New body will seek to maximise profits of country's forex reserves: minister Bloomberg, AFP [BEIJING] The Chinese government will establish an agency modelled on Singapore's Temasek Holdings Pte to manage part of its US$l.O7 trillion of currency reserves, the world's largest holdings of
      Bloomberg,; AFP  -  675 words
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  • INDIA
    • 457 13 Bloomberg IMUMBAI] Idea Cellular Ltd, an Indian mobile phone operator making its trading debut yesterday, plans to invest almost US$2 billion in the next two years to help fend off increasing competition from the entry of Vodafone Group Pic. Idea will invest
      Bloomberg; BLOOMBERG  -  457 words
    • 542 13 Data puts pressure on central bank to raise interest rates in April Bloomberg [NEW DELHI] India's inflation accelerated for the first time in three weeks, adding pressure on the central bank to raise interest rates when it meets next month. The key wholesale price inflation rate
      Bloomberg  -  542 words
    • 149 13 Reuters [MUMBAI] Reliance Industries Ltd, India's top private refiner, is eyeing a Nigerian refinery and a petrochemicals complex in the Gulf in deals worth about US$lO billion in total, the Economic Times said yesterday. In a story sourced to people familiar with the deals,
      Reuters  -  149 words
    • 451 13 Actis Capital will also take stake in the National Stock Exchange Bloomberg [MUMBAI] Morgan Stanley and Citigroup Inc will invest in the National Stock Exchange of India Ltd, the nation's largest exchange that trades more than twice the value of shares than
      Bloomberg  -  451 words
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  • ASIA-PACIFIC/WORLD
    • 501 14 LATEST US DATA Unemployment rate falls to 4.5% in Feb while wages grow briskly AP [WASHINGTON] The trade deficit narrowed slightly in January as US exports rose to an all-time high while imports dropped, sending a hopeful signal that the country's trade
      AP  -  501 words
    • 361 14 Bloomberg [TOKYO] Citigroup Inc's US$lO.B billion takeover offer for Nikko Cordial Corp, Japan's third-largest brokerage, was rejected by a second key shareholder as too low. Southeastern Asset Management Inc, whose 6.6 per cent stake is the third largest, yesterday said the shares
      Bloomberg  -  361 words
    • 433 14 Bloomberg [CHICAGO] The Chicago Mercantile Exchange (CME) will drop gold futures contracts of the Chicago Board of Trade (CBOT), which the CME plans to buy next month, in order to avoid a conflict with similar contracts listed by the New York Mercantile
      Bloomberg  -  433 words
    • 461 14 They will create the country's biggest retail grouping AP [TOKYO] Announcing an alliance that would create Japan's biggest retail grouping, Aeon supermarket chain said yesterday it will take a 15 per cent stake in troubled Daiei for 46.2 billion yen (*****.5 million).
      AP  -  461 words
    • 447 14 AFP [MUNICH] European plane maker Airbus plunged into its first-ever operating loss in 2006 and will be in the red again this year because of delays and restructuring, parent company EADS said yesterday. The announcement underlines how far the aircraft manufacturer, a
      AFP; AP  -  447 words
    • 307 14 Reuters [NEW YORK] New Century Financial Corp, whose shares fell 25 per cent on Thursday amid speculation it would seek bankruptcy protection, said it has received US$265 million in financing, but stopped accepting loan applications after some lenders blocked its credit lines.
      Reuters  -  307 words
    • 866 14  -  By ANDREW MARKS in New York WITH stock markets around the globe remaining in turmoil, investors are keeping a worried eye on hedge funds, with memories of the major role that the hedge fund Long Term Capital Management played in the financial crisis
      866 words

  • MOTORING
    • 855 15  -  SAMUEL EE checks out the most interesting models at the International Motor Show in the Swiss city Samuel Ee GENEVA lived up to its image with another glamorous display of new cars at the 77th International Motor Show. This increasingly important annual event is usually the preferred
      AP; REUTERS  -  855 words
    • 985 15  -  By CY CHEW YIN vs Yang. Work vs Play. Sporty vs Luxury. That elusive balance that we seek in almost everything we do extends to the cars we drive and so far, there has been no one-size-fits-all solution for our varied automotive needs. But
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  • GOLF
    • 1275 16  -  Following his wife's death, Darren Clarke is bent on returning to top 50 ranking, writes JUSTINE MOSS JUSTINE MOSS SEVERAL of the marquee names in the world of golf have descended on Singapore this week to compete in the Clariden Leu Singapore Masters
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    • 540 16  -  By Ven Sreenivasan T'S hip to be square. At least two major club makers have launched square-headed drivers. Nike's 460 cc bright yellow SUMO 2 has already been in the market for a couple of months. And Callaway just introduced its brand new FT-i
      540 words
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  • WELLNESS
    • 862 17  -  Traditional Chinese medicine has become more accessible these days and many young women are turning to herbal remedies for their various health needs, says MELISSA HENG Melissa Heng BLENDED reishi mushroom and mandarin orange makes for an eyebrow-raising smoothie, but that's
      862 words
    • 999 17  -  Protection from pneumonia, meningitis considered crucial for children, reports CHEAH UI-HOON CHEAH UI-HOON SHOULD the vaccine for pneumoccocal disease be considered as part of the national immunisation programme for children? Doctors such as Lulu Bravo, professor and chief of the Infectious and Tropical Disease in Paediatrics
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    • 265 17 WITH so many varieties of teas out on the market today, here's a guide to some TCM-inspired ones said to have medicinal values that are especially beneficial for women. Five-flower tea COMPRISING five different types of medicinal flowers— honeysuckle, frangipani, chrysanthemum, cotton and pagoda tree —this tea
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  • Page 17 Miscellaneous

  • SHOPPING
    • 1228 18  -  And that extends to providing suitable performance gear. The largest outdoor adventure gear store in town has just opened. CHEAH UI-HOON checks it out CHEAH UI-HOON IF THERE is one retail sector which is headed by people with a passion for what they sell,
      YEN MENG JIIN  -  1,228 words
    • 264 18 CAMPERS' CORNER 11 Stamford Road, #01-13 Capitol Building Teh €337 4743 www.campersconter.coin.sg SET up in 1989, Campers' Comer is one of the earliest shops to specialise in technical, outdoor gear. The best-selling brands it carries include Arcteryx, Mammut, and Patagonia. The spring collection coming in
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    • 528 18  -  Australian-based designer Alexander Lotersztain tells CHEAH UI-HOON why his craft can be so influential Cheah Ui-Hoon DESIGN could be a political tool as well that's one way of seeing it. In Australianbased designer Alexander Lotersztain's view, that is. "Design can inspire and seduce people to
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  • PERSONAL SPACE
    • 921 19  - Home awa y from home GEOFFREY EU meets a couple from UK who buy a house in S'pore, give it an extensive makeover and make it their second home Geoffrey Eu IT WASN'T exactly love at first sight when Charles Fearn and his wife, Sandy, set eyes on the house
      PHOTOS BY YEN MENG JIIN  -  921 words

  • The Business Times weekend
    • 2365 20  -  For fans of gourmet shops, there's good news. Six new outlets specialising in various products have opened recently. JAIME EE checks them out JAIME EE BUTCHER HOUSE 464 River Valley Road (opp Valley Point). Tel: 6887 3464 WHEN, as a child of 10, you spend your weekends helping
      PHOTOS BY JOHN HENG; ARTHUR LEE  -  2,365 words
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