The Business Times, 10 March 2007
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2007-03-10
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The Business Times
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Title Section20 2007-03-10 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.sg20 words
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Property execs clinch top business awards
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Chapter459 2007-03-10 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 concerned459 words
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438 2007-03-10 1 WEE LI-EN - 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 to438 words
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Article, Illustration549 2007-03-10 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 aARTHUR LEE; YEN MENG JIIN - 549 words
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Article137 2007-03-10 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 1,423.5a137 words
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Page 1 Advertisements
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Advertisement51 2007-03-10 1 Food New gourmet shops in town Full text of winners' acceptance speeches, page 5 This year's winners of the Singapore Business Awards all share one thing in common —a global perspective. BT finds out how they've kept their edge in the connected world in a special mm* 24-page supplement on51 words
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Advertisement7 2007-03-10 1 RAFFLES CONVERSATION Oil barons don't really retire7 words
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Advertisement6 2007-03-10 1 C-Class gets more dynamic PAGE 156 words
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TOP STORIES
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515 2007-03-10 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
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Article, Illustration389 2007-03-10 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$33b389 words
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455 2007-03-10 2 OH BOON PING - 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 continues455 words
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654 2007-03-10 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 whenReuters.; AP.; AFP - 654 words
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Article67 2007-03-10 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 was67 words
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Article558 2007-03-10 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 kebaya558 words
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Page 2 Advertisements
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Advertisement66 2007-03-10 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) Limited66 words
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Page 3 Advertisements
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Advertisement14 2007-03-10 3 The Baker Marine Pacific Class 375 rig sets new standarts in the offshore industry14 words
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RAFFLES CONVERSATION
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Article, Illustration2464 2007-03-10 4 RONNIE LIM - 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 everARTHUR LEE - 2,464 words
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Page 4 Advertisements
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Advertisement61 2007-03-10 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 in61 words
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Article, Illustration2890 2007-03-10 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 standPHOTOS: YEN MENG JIIN - 2,890 words
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COMPANY NEWS
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Article, Illustration492 2007-03-10 6 VEN SREENIVASAN - 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,492 words
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Article, Illustration548 2007-03-10 6 R SIVANITHY - 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 upon548 words
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Article2727 2007-03-10 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 8T2,727 words
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Article, Illustration330 2007-03-10 7 UMA SHANKARI - 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 an330 words
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466 2007-03-10 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, suppliesReuters - 466 words
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Article158 2007-03-10 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 KL158 words
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207 2007-03-10 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 shareholder207 words
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284 2007-03-10 7 WEE LI-EN - 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 Japan284 words
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331 2007-03-10 7 JANICE HENG - 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 suggestion331 words
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Page 6 Advertisements
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Advertisement23 2007-03-10 6 Allianz Global Investors one of the world's largest asset managers with more than US$1.2 trillion assets under management as at 31 December 2006.23 words
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Page 7 Advertisements
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Advertisement7 2007-03-10 7 BE PART OF A DYNAMIC MULTI-MEDIA COMPANY7 words
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PERSONAL INVESTMENT
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Article, Illustration1002 2007-03-10 8 MATTHEW PHAN - 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 perSource Bloomberg - 1,002 words
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Article1020 2007-03-10 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 9571,020 words
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Article, Illustration1324 2007-03-10 8 TEH HOOI UNG - 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 you1,324 words
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Page 8 Advertisements
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SINGAPORE NEWS
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352 2007-03-10 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. Category352 words
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241 2007-03-10 9 WEE LI-EN - 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 up241 words
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Article114 2007-03-10 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.114 words
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256 2007-03-10 9 BENITA AW YEONG - 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 enhancement256 words
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268 2007-03-10 9 TETTYANA JASLI - 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 Suntec268 words
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Article, Illustration379 2007-03-10 9 VINCENT WEE - 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 opening379 words
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Article, Illustration595 2007-03-10 9 VINCENT WEE - 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
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268 2007-03-10 9 TETTY ANA JASLI - 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 global268 words
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Page 9 Advertisements
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MALAYSIA
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Article, Illustration384 2007-03-10 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 shareBloomberg; BLOOMBERG - 384 words
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Article6533 2007-03-10 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 CM6,533 words
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672 2007-03-10 10 S JAYASANKARAN - 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 RMIO672 words
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INDONESIA
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Article6098 2007-03-10 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 23.293.0006,098 words
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Article, Illustration554 2007-03-10 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
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GREATER CHINA
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Article, Illustration407 2007-03-10 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 teamReuters; AP - 407 words
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543 2007-03-10 12 JANE MOIR - 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 Tsang543 words
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Article2465 2007-03-10 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 -0.042,465 words
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675 2007-03-10 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 ofBloomberg,; AFP - 675 words
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Page 12 Advertisements
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Advertisement9 2007-03-10 12 Tune in to Radio 100.3 Your Choice Infotainment Station9 words
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INDIA
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Article, Illustration457 2007-03-10 13 Bloomberg IMUMBAI] Idea Cellular Ltd, an Indian mobile phone operator making its trading debut yesterday, plans to invest almost US$2 billion in the next two years to help fend off increasing competition from the entry of Vodafone Group Pic. Idea will investBloomberg; BLOOMBERG - 457 words
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542 2007-03-10 13 Data puts pressure on central bank to raise interest rates in April Bloomberg [NEW DELHI] India's inflation accelerated for the first time in three weeks, adding pressure on the central bank to raise interest rates when it meets next month. The key wholesale price inflation rateBloomberg - 542 words
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149 2007-03-10 13 Reuters [MUMBAI] Reliance Industries Ltd, India's top private refiner, is eyeing a Nigerian refinery and a petrochemicals complex in the Gulf in deals worth about US$lO billion in total, the Economic Times said yesterday. In a story sourced to people familiar with the deals,Reuters - 149 words
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451 2007-03-10 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 thanBloomberg - 451 words
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Page 13 Advertisements
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Advertisement10 2007-03-10 13 From head of bank branch to chief of listed company10 words
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Advertisement510 2007-03-10 13 Cats Notices NOTICE OF MEETING Parsoant to &2M(l)(b) S -2*6(4) SJ97(l)ef The Companies Act, Cap. 50 aad 333 SUPERMARKET PTE. LTD. (Co. Reg. No. *****7294R) Date/Time: 23" March 2007 9.30 a.m. (Company) 10.00 a.m. (Creditors) Venue: 18 Jalan Masjid #02-08, Singapore *****4 AGENDA:a) Resolved by special resolution that:i) the company510 words
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ASIA-PACIFIC/WORLD
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501 2007-03-10 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 tradeAP - 501 words
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361 2007-03-10 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 sharesBloomberg - 361 words
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433 2007-03-10 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 MercantileBloomberg - 433 words
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461 2007-03-10 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
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Article, Illustration447 2007-03-10 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, aAFP; AP - 447 words
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307 2007-03-10 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
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866 2007-03-10 14 ANDREW MARKS - 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 crisis866 words
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MOTORING
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Article, Illustration855 2007-03-10 15 Samuel Ee - 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 preferredAP; REUTERS - 855 words
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Article, Illustration985 2007-03-10 15 CY CHEW - 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. But985 words
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GOLF
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Article, Illustration1275 2007-03-10 16 JUSTINE MOSS - 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 Masters1,275 words
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Article, Illustration540 2007-03-10 16 Ven Sreenivasan - 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-i540 words
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Page 16 Advertisements
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WELLNESS
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Article, Illustration862 2007-03-10 17 Melissa Heng - 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's862 words
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Article, Illustration999 2007-03-10 17 CHEAH UI-HOON - 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 Paediatrics999 words
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Article265 2007-03-10 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 tea265 words
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Page 17 Miscellaneous
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SHOPPING
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Article, Illustration1228 2007-03-10 18 CHEAH UI-HOON - 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
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264 2007-03-10 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 in264 words
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Article, Illustration528 2007-03-10 18 Cheah Ui-Hoon - 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 to528 words
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PERSONAL SPACE
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Article, Illustration921 2007-03-10 19 Geoffrey Eu - 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 housePHOTOS BY YEN MENG JIIN - 921 words
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The Business Times weekend
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Article, Illustration2365 2007-03-10 20 JAIME EE - 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 helpingPHOTOS BY JOHN HENG; ARTHUR LEE - 2,365 words
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