The Business Times, 23 November 2007

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Total Pages: 39
1 39 The Business Times
  • 25 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 202/12/2006 Friday, November 23,2007
    25 words
  • 641 1  -  UMA SHANKARI By [SINGAPORE] So why did Capita Land decide to sell the Raffles Hotel business despite its sentimental value? The answer, which chief executive Liew Mun Leong shared with his entire staff, was straightforward. "As a business, particularly as a public-listed
    GARY LAU/ LIANHE ZAOBAO  -  641 words
  • 928 1  -  S JAYASANKARAN But funding, more than environmental concerns, could determine its fate By in Kuala Lumpur IT COULD possibly be the largest single urban development in Malaysia. But disquiet is mounting over the mammoth RM2O billion (SsB.6 billion) project in Penang amid
    REUTERS  -  928 words
  • MARKETS DIGEST
    • 39 1 ICOMP 1,344.16 -15.69 IIKKEI225 14,888.77 +51.11 1ANG SENG 26,004.92 -613.27 ;et INDEX 808.82 +1.24 JAKARTA COM P 2,569.51 +5.89 1ANILACOMP 3,478.94 -31.55 ;eoulcomp 1,799.02 -7.97 ;henzhen B 683.06 -20.90 IUMBAI IND 18,526.32 -76.30 1100AM EDT Change )OW Closed
      39 words
    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.00 INDONESIA 15.554 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.50 CANADA 6.25 SWITZERLAND 4.14 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • 39 1 IS$ (S$ )er US$) 1.450 (US$/S$ )er£) 2.066 2.996 ;URO(US$/S$/E) 1.484 2.153 'EN 108.80 75.00 3.385 2.334 IK$ 7.779 5.364 !AHT 33.81 23.31 lUPIAH 9,395 6,478 1ENMINBI 7.411 5.110 INDIAN RUPEE 39.32 27.11 1.142 0.787 IZ$ 1.323 0.912
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  • Page 1 Advertisements
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  • Page 1 Miscellaneous
    • 47 1 |V^ %ft EXEC LIFESTYLE ASEAN-EU MifM CLIPPER RACE SUB-PRIME j-\|l Jfas-$ A Repackaging SUMMIT /||m^ V ntothefearsome WOES IJ-'W 1 **/>ii the classics Speeding up FTA llSok^^ Southern Ocean Fallout could get l^.ysT£N I pAGE 39 talks page 9 111 SM3O page 35 worse: ADB page 2
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 66 2 MULTINATIONALS that make a beeline for China could find themselves mired in spiralling manpower costs, research by Hay Group warns. Before making that leap into China, companies should do not just a standard financial audit but also "people due diligence",
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      • 43 2 STANDARD Chartered pic said yesterday that about 20 Asian asset-backed securitisation deals, worth at least US$300 million each, have been delayed until next year because of the turmoil in the credit markets. COMPANY NEWS, PAGE 4
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      • 55 2 ASSET impairment and losses relating to its Thai operations dragged WBL Corporation into the red for the year ended Sept 30, 2007. WBL reported a full-year net loss of $20.2 million, against a net profit of $58.9 million for the preceding
        55 words
      • 62 2 YONGNAM Holdings is aiming to raise up to about $100 million in a warrants issue. The structural steel fabricator and specialist engineering solutions provider announced yesterday that it will be making a renounceable and partially underwritten rights issue of up to about 366.6
        62 words
      • 78 2 SINGAPORE is moving full steam ahead with its plan to import LNG by 2012 to cater to the fast-increasing natural gas demand from power stations and industries here, especially those on Jurong Island. About half a dozen groups are expected to bid
        78 words
      • 50 2 OVERALL losses caused by the US mortgage market crisis could feasibly hit US$300 billion, and the broader credit crunch could yet inflict greater damage on equity markets, the Organisation for Economic Co-operation and Development said in a report on Wednesday. ECONOMY WATCH, PAGE 12
        50 words
      • 76 2 A STOCKBROKING firm has told its clients to "bet on the bullet train" proposal by YTL Corporation as it believes most of the regulatory issues have been decided. A key consideration for approval is the crucial role that the proposed bullet train
        76 words
    • 500 2  -  ANTHONY ROWLEY Financial volatility, repricing of credit risk may lead to capital flight: report By in Tokyo FALLOUT in Asia from the US sub-prime mortgage crisis, through financial and other channels, may prove heavier than expected, the Asian Development Bank warned in a
      500 words
    • 494 2  -  GENEVIEVE CUA By [SINGAPORE] Asia has become the fastest growing geographical segment for State Street Corporation, and this is set to grow further with the advent of sovereign wealth funds. Joseph Hooley, vicechairman of State Street Corporation, said the group's Asian business has
      494 words
    • 590 3  -  MATTHEW PHAN By [SINGAPORE] Global merger and acquisition (M&A) activity is expected to remain strong, with positive implications for equity markets, according to a ÜBS report. The focus report, which went out to the bank's private clients at the end of
      590 words
    • 694 3  -  ANNA TEO MNCs could face spiralling wage costs due to a shortage of experienced staff By [SINGAPORE] Multinationals that make a beeline for China lured by, among other things, a seemingly endless supply of cheap labour could find themselves mired in
      694 words
  • Page 2 Advertisements
    • 22 2 people t Clients wanted. \tkJ^\Wfl^£ (Only excellent companies Vwwl Im need apply) www.thepeopleatwork.com Asia-Pacific Executive Search SSiS BMi pi ggpig |w||jjlB|| i
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    • 241 2 ■mviivpiJiiiiiiiH ■^^^^^^g v 1 S FOLLOW THE MONEY F^ 1; For Christina Gold, chief executive of money transfer company Western Union, it's all in a day's work. MM TANGLIN HILL MEADOWS freehold FREEHOLD TOP Soon 3+l rm, 1733 sqft 4+l rm, 1841 sqft Pool Facing/Serene Pool Facing Mins. To Orchard
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  • COMPANY NEWS
    • 270 4 Reuters [SINGAPORE] DBS Group Holdings said it may take 10 years for China to start making a meaningful contribution to the bank's bottomline. DBS, South-east Asia's biggest bank by assets, is looking to emerging Asian markets to boost its earnings, about
      – Reuters; FILE PHOTO  -  270 words
    • 499 4 Reuters About 20 securitisation deals worth USs3oom each delayed till next year [SlNGAPOßE] Standard Chartered pic said yesterday that about 20 Asian asset-backed securitisation deals, worth at least US$3OO million each, have been delayed until next year because of the turmoil in
      – Reuters; AP  -  499 words
    • 205 4 By UMA SHANKARI CAPITALAND, South-east Asia's biggest developer, yesterday said that it has successfully established its first India private property fund with a fund size of $880 million. The company first announced the fund Capitaßetail India Development Fund in July. The closed-end
      205 words
    • 606 4  -  OH BOON PING LAST Monday, Jurong Technologies reported a disappointing 27.9 per cent drop in third-quarter net profit, while revenue fell 15.2 per cent over the same period. This came as business was hit by lower orders from a major customer, widely believed to
      606 words
    • 499 5  -  OH BOON PING Thai operations' losses and asset impairment drag down performance By ASSET impairment and losses relating to its Thai operations dragged WBL Corporation into the red for the year ended Sept 30, 2007. WBL, whose key businesses are technology
      499 words
    • 488 5  -  MICHELLE QUAH OCBC Investment Research corrects errors but sticks to 'sell' call By COUGAR Logistics Corporation (CLC) says a recent OCBC Investment Research (OIR) report on the company is materially inaccurate and has sought to clarify the errors. OIR has since released an amended
      488 words
    • 553 5 Reuters [TOKYO] The Tokyo Stock Exchange is on track to list its own shares in 2009, but capital tie-ups with other exchanges are unlikely before then as the bourse has no money for such investments, its president said yesterday. Traders have been
      – Reuters; BLOOMBERG  -  553 words
    • 433 7 It intends to use the funds to buy steel struts, refinance term-loan facilities YONGNAM Holdings is aiming to raise up to about $100 million in a warrants issue. The structural steel fabricator and specialist engineering solutions provider announced yesterday that it will be
      I AFP  -  433 words
    • 132 7 Reuters [SINGAPORE] Offshore oil services firm NOR Offshore Ltd, a unit of Norway's Solstad Offshore, is looking to raise US$l5O million in its initial public offering (IPO) in Singapore, a source close to the deal said yesterday. Solstad, which is also selling shares
      – Reuters  -  132 words
    • 257 7 THE trading currency of First Ship Lease Trust (FSL Trust) will be changed to the Singapore dollar from the US dollar to widen its appeal to investors. Announcing this yesterday, FSL Trust Management (FSLTM) said that the units would start
      257 words
    • COMPANY BRIEFS
      • 68 7 DEL Monte Pacific has bought the S&W brand from Del Monte Foods for all markets, except for North and South America, Australia and New Zealand. The consideration is US$lO million. As part of the deal, Del Monte Pacific will grant Del Monte Foods
        68 words
      • 45 7 INNOVALUES cautioned that its operating performance for FY2007 will be lower than for FY2006. This resulted from the slowdown in the hard disk drive business in Thailand, a weakening greenback and higher costs. Innovalues expects to remain profitable for FY2007.
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      • 49 7 THE Straits Trading Company said its hotel management arm, Rendezvous Hotels International Private Ltd, will launch its first boutique hotel under The Marque Collection of Hotels brand in the UAE region of Fujairah by opening a new contemporary 217-room hotel there.
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  • Page 4 Advertisements
    • 205 4 SIEMENS NOTICE This is to confirm that only Sunlight Electrical Pte Ltd and CMR (Far East) Pte Ltd are authorized by SIEMENS as its SIVACON BPT Type Tested Low-Voltage Power Distribiution Board and Motor Control Center (MCC) licensed Partner and manufacturer in Singapore. Sunlight Electrical Pte Ltd CMR (Far East)
      205 words
    • 6 4 gfcUkYtyktstu{{WWW.ST7ol.COM r-r > jobs cars property shops
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  • Page 5 Advertisements
    • 252 5 How do you know if your lead-free products are reliable? 11 M M/ Find out at this last workshop of the RoHS Series 2007 on J^. I |sr: Venue M Hotel, Level 2 Function Rooms C and D November 2007 It is imperative to ensure that the lead content jn
      252 words

  • SINGAPORE MARKETS
    • 604 6  -  R SIVANITHY STOCKS Another woeful day sees local index mirror Hang Seng swings before ending 34 points down HO wants to read 'buy' reports now that the party is over?" said a dealer yesterday, adding that "it doesn't natter what the stories are
      Bloomberg  -  604 words
    • 95 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 9 4 0 0 0 lanufacturing 43 104 54 12 17 16 55 121 Commerce 14 39 20 10 19 49 21 )t/Stor/Comms 23 10 23 13 :inance 17 19 Construction 14 11 'roperties 28
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    • 115 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 26,978 26,978 151,970 151,970 lanufacturing 335,158 64,343 399,501 415,912 8,893 424,805 Commerce 84,768 7,713 92,481 123,740 1,688 125,428 'pt/Stor/Comms 96,560 1,492 98,052 296,041 1,110 297,151 :inance 43,897 120 44,017 428,760 23 428,783 Construction 82,605 16,978 99,583 28,091 2,526 30,617
      115 words
    • 211 6 Jlgreen 0.48 1.520 +0.060 \scendasreit 0.84 2.230 -0.030 lapitaComm 0.48 2.280 la pita Land 4.40 6.500 :apitaMall 0.92 3.140 -0.020 :hart SemiCond 0.60 1.070 +0.010 jtyDev 2.69 13.500 lomfortDelGro 1.30 1.780 losco Corp 2.03 5.900 -0.200 Creative Tech 0.16 6.250 +0.050 IBS Grp 8.85 19.000 -0.200
      211 words
    • Article, Illustration
      955 6  -  MATTHEW PHAN Babcock Brown Structured Finance Fund Nov 22 close: 550.94 OCBC Investment Research, Nov 22 Source: PROJECTING 2H07 DPS of six cents: Recently, Babcock Brown Structured Finance Fund (BBSFF) released its Q3 results. We met management soon after for an update. Together with the results, BBSFF raised
      Bloomberg  -  955 words
    • 534 6  -  LARRY WEE CURRENCIES ANOTHER sorry session for Wall Street in Wednesday trading set the tone for yet more painful losses by the US dollar yesterday, and forced it to a fresh all-time low in indexed terms. In the Asian session yesterday, a
      Reuters  -  534 words
    • 4 6 DAILY
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    • 3 6
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    • 43 6 CLOSE -2005.00-120.00 BT OB/OS BT CADI -*****.00-212.00 BT 10-day MA -*****.00-201.00 All-SG Equities 919.20 -10.70 SG Equities Elect 101.03 -1.05 SG Equities Fin 2288.93 -13.60 SG Equities Prop 1323.00 -5.42 SIMSCI 404.08 -3.66 SIMSCI Futures 403.00 -3.30 PrimePartnersCI 237.72 -5.96
      43 words
    • 57 6 VOLUME Yanqzijianq 44,260,000 ChinaNTown 39,992,000 Centillion 31,723,000 DBS DB eCW*****3A 29,557,000 DBS MBL eCW*****1 25,358,000 Adroit 25,107,000 Noble Grp 20,726,000 Lian Benq 19,865,000 STXPOKW100 19,018,000 Gen Intl 18,526,000 VALUE(S) DBS Grp 212,995,514 Keppel Corp 102,456,876 UOB 96,695,300 Yanqzijianq 84,836,580 Cosco Corp 77,909,422 Capita Land 77,524,133 STXPOKW100 56,874,850
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    • 104 6 CLOSE UP Asia Pac Brew 1320 20.0 1.5 STI3500SGAePW*****9 64.5 12.5 24.0 lanBNPePW/***** 31.5 10.5 50.0 Frai I ranee 160 10.0 6.7 Great Eastern 1660 10.0 0.6 SIA 200 1750 10.0 0.6 ■e Land 790 10.0 1.3 Kim Em Hide 222 8.0 3.7 Sino-Env 207 7.0 3.5 II 152
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    • 124 6 CLOSE DOWN JMH 2580-174.0 -4.4 CoscoCori iDBeCW/*****5 85.5 -89.5 -51.1 China H 10US$ 2000 -58.0 -2.0 ISMSCI India 100 855 -50.7 -3.9 CoscoCori iNPeCW/***** 126 -49.0 -28.0 STX PO SGAeCW/*****7 77 -43.0 -35.8 Jardine C&C 1750 -40.0 -2.2 Kei il Con 1240 -30.0 -2.4 TIH 286 -30.0 -9.5 STX
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    • 84 6 Nov 22 CHNG CLOSE FR Nov 21 YR S$ LOW R2007 S$ HIGH USS 1.4497 0.01 1.5479 1.4363 Euro 2.1506 -0.18 2.1597* 1.9913 Pounds 2.9931 -0.27 3.1194 2.9323 AS 1.2667 0.67 1.3555 1.1741 Yen* 1.3339 0.06 1.3821 1.2285 Rupiah* 0.***** -0.05 0.***** 0.***** Baht* 4.2865 0.07
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  • Page 7 Advertisements
    • 25 7 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. H
      25 words
    • 103 7 Make the gift of Christmas, the perfect gift. (H I ■£■5 JJJ/3 I DC I H *>■• form°redetai(s'^^^^^W 3 efS/SW[i?":v.;c.!^.f 1 /_j J ;fl 1 $QQ95%» $R75 V>t perbot vJ each PIPER HEIDSIECK MERCI Champagne Brut NY Crocant X'mas Boot in Gift Box 200g 1.51tr [I j' :H ft} Jc**^
      103 words

  • SINGAPORE NEWS
    • 528 8  -  RONNIE LIM Industry expects about half dozen groups to bid to be sole LNG buyer By SINGAPORE is moving full steam ahead with its plan to import LNG by 2012 to cater to the fast-increasing natural gas demand from power stations and
      528 words
    • 427 8  -  ARTHUR SIM By ALMOST 18 per cent of The Arcade at Raffles Place comprising four floors have been put up for sale through an expression of interest exercise, and the indicative price range is between $80 million and $90 million.
      427 words
    • 375 8  -  UMA SHANKARI It aims to use one site for condo, other for hotel project By KOH Brothers has bought two petrol kiosks from Shell one in Bukit Timah and the other in Changi for close to $19.6 million. The first site, at
      375 words
    • 255 8 THE commodity industry has a new financial product an electronic warehouse receipt which could be used to obtain bank loans, said the Dubai Multi Commodities Centre (DMCC). According to David Rutledge, DMCC chief executive, the Dubai Commodity Receipt (DCR) is a financial instrument which can
      255 words
  • Page 8 Advertisements
    • 1557 8 HOCEANUS 810-TECH (HOLDINGS) LIMITED the<^m hrlnB o cap.so iw«S£blSi«r> (Company Registration No. *****5010E) IN THE MATTER OF IN THE MATTER OF (Incorporated in the Republic of Singapore) JYS DEVELOPMENT PTE LTD TOWA CONSTRUCTION PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) (IN MEMBERS'VOLUNTARY LIQUIDATION) _J NOTICE IS HEREBY GIVEN that the First Annual
      1,557 words

  • FOCUS: ASEAN-EU SUMMIT
    • 658 9  -  CHEN HUIFEN Action plan agreed for cooperation in trade, investment air travel, security By ASEAN and the European Union have decided to put aside their differences on sensitive issues and charge ahead in speeding up free trade agreement (FTA)
      * ;■:■- _a REUTERS  -  658 words
    • 648 9 AFP Members need to take stock and improve: Surin SOUTH-EAST Asian nations must take stock of how they handle human rights, democracy and poverty, Asean's incoming sec-retary-general said yesterday after a summit dominated by controversy over Myanmar. Surin Pitsuwan, a former Thai
      AFP  -  648 words
    • 257 9 Reuters THE strength of the euro, at a record high versus the dollar, is becoming a problem for Europe's exporters, the president of the European Commission said yesterday. "It's true that the very strong euro is becoming a concern to some export sectors
      – Reuters  -  257 words
    • 480 9  -  LYNETTE KHOO EU encouraged by Asean's strong statement at UN By THE issue of Myanmar, although still unresolved, is unlikely to stall the ongoing negotiations for an AseanEU free trade agreement (FTA), EU Commissioner for External Relations Benita Ferrero-Waldner said yesterday.
      480 words
  • Page 9 Advertisements
    • 79 9 Frustrated by slow network or Internet access in your office? Worried about the confidentiality and integrity of your data? Concerned about security when you transact over Internet? Faced with frequent virus or spam attacks even with the use of antivirus software? How can you prevent your staff from installing unauthorised
      79 words
    • 62 9 BUY/SELL j£ A. Rfc ROLEX/PATEK PHILIPPE -^4?- JT^ BREGUET/PIAGET/AP -JJT VACHERON IWC JAEGER •#Ol-45A Peninsula Plaza 6334 0155 (tfIM^JK) •#O2-90K People's Park Complex 6327 4628 #Sfc«f) •#Ol-45 Theßencoolen 6333 1921 (H4/Sfm#iflß4P) •#Ol-51 Orchard Plaza 6735 9539 (4^^ik4«'t) •#Ol-46 Peninsula Plaza 6334 8919 (ffi^^M) •#Ol-44 People's Park Centre *****619 <$&*&) •#Ol-53
      62 words
    • 82 9 Catch Spores 9 r 3 Soh Kuan Wei wm He's only 11 but gifted pianist Kuan Wei has already performed in two concerts organised 1 by the Purcell t School of Music in the United Kingdom to critical acclaim. Catch him at Child Aid when he performs with M some
      82 words


  • ECONOMY WATCH
    • 692 11 Reuters The OECD says the super fund being set up is a useful mechanism [LONDON] Overall losses caused by the US mortgage market crisis could feasibly hit US$3OO billion, and the broader credit crunch could yet inflict greater damage on equity markets, the Organisation for
      – Reuters  -  692 words
    • 563 11 Reuters [SYDNEY] Generous promises from Australia's two main political parties ahead of tomorrow's general election have stoked fears that interest rates, already at the highest in a decade, may go up even further than the market anticipates. Financial markets are pricing in a
      Reuters; AP  -  563 words
    • 435 11 Reuters [NEW YORK] You might not have heard of MBIA or Ambac Financial Group, but if they suffer from this year's credit squeeze, your wallet may take a hit also. Bond insurers like MBIA and Ambac Financial Group are facing questions about whether they
      – Reuters  -  435 words
    • 774 11 Reuters [DUBAI] Gulf exchange rate reforms would barely dent demand for US dollars in six oil-producing states with US$l.2 trillion in reserves but they would signal the US currency's gradually diminishing importance to the region. The United Arab Emirates' appeal last week
      – Reuters  -  774 words
  • Page 11 Advertisements
    • 967 11 HOTEL PROPERTIES LIMITED Company Registration Number *****0348Z (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported lost, destroyed or mislaid: Name Certificate No. No. ol Shares *****E 1 X 1,000 Kuok Khoon Huai James ***** D 1 x 1,000 ***** C 1 x 1,000 NOTICE IS
      967 words
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      78 words

  • MALAYSIA/INDONESIA
    • 650 12  -  PAULINE NG Broking firm expects project to get govt nod, given its impact on the IDR By in Kuala Lumpur A STOCKBROKING firm has told its clients to "bet on the bullet train" proposal by YTL Corporation as it believes most of
      650 words
    • 449 12 Bloomberg [JAKARTA] PT Indosat, Indonesia's second-largest phone operator, posted its biggest quarterly profit in almost two years as more users signed up for its wireless services. The shares rose. Net income rose 59 per cent to 600 billion rupiah (5592.7
      Bloomberg; BLOOMBERG  -  449 words
    • 205 12 [KUALA LUMPUR] Malaysia, the world's top producer of palm oil, said yesterday it will allow market forces to determine crude palm oil prices and ruled out any attempt to control rising prices due to strong demand. Peter Chin, minister of plantation
      205 words
    • 423 12 uters, Bloomberg -Re- [KUALA LUMPUR] Malaysian leisure firm Genting Bhd reported a 34 per cent fall in quarterly profit yesterday, hit by a write-off of goodwill on its UK casino business, but rewarded investors with a special dividend. Genting reported net profit
      uters, Bloomberg; -Re  -  423 words
    • 441 12 [KUALA LUMPUR] Maxis Communications Bhd chairman Megat Zaharuddin Megat Mohd Nor has resigned along with two other directors, the Starßiz reported. Megat Zaharuddin and independent directors Syed Anwar Jamalullail and Robert Boyle submitted their resignation letters earlier last week. Their decision to quit was
      441 words
    • 2376 12 IOV22 RM C000) \&M Realty 0.90 5,bricBhd 0.28 \dvance Synergy 0.31 s,dventa Bhd 1.49 \eMulti Hldgs 0.28 Win Holdings 2.59 \hmad Zaki Resou 5.30 \ic Corp 0.60 5,irasia Bhd 1.78 \kn Messaging Te 0.17 \kn Technology 0.66 \lliance Financi 2.81 \luminium Co 1.20 \malgamated Ind 0.49 \minvestment Grp
      2,376 words

  • INDIA
    • 426 13  -  SIDDHARTH SRIVASTAVA Khan Market in New Delhi the most costly at 950 rupees psf a month 3\ in New Delhi INDIA has been ranked the 16th most expensive global retail "high street destination" by a prominent real estate consultant. According to the report
      BLOOMBERG  -  426 words
    • 279 13 Reuters [NEW DELHI] Reserve Bank of India deputy governor Rakesh Mohan yesterday said that while the central bank did actively intervene in currency markets, the rupee was largely determined by the market. Mr Mohan also said that the central bank was ready
      Reuters  -  279 words
    • 7749 13 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 1.009/ Star Europe Bond 1.239/ Star Europe Bal 1.235/ Star Asian Tiger Eqty 1.613/ Star Asia Bond 1.246/ Star Asia Balanced 1.06/ Star Global Technology Fund!** 0.227/ Multi St Fd 0.955/ Star Asia Bond(USD) 0.861/ Gib Multi St USD
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  • Page 13 Advertisements
    • 90 13 Allianz Global Investors one of the world's largest asset managers with more Allianz (jjj) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors *-> company regn. no *****7169Z ttttt BUY DURING TIMES OF PESSIMISM Bull markets are born on pessimism, grow on scepticism, mature on optimism
      90 words

  • GREATER CHINA
    • 428 14 AFP, Reuters Exporters told to explore other markets to minimise any possible fallout [BEIJING] Chinese exporters might see only a mild impact from the US sub-prime crisis but should explore other markets to minimise any fallout, the nation's central bank governor was yesterday quoted as
      AFP, Reuters  -  428 words
    • 395 14 [WASHINGTON] China has refused the USS Kitty Hawk aircraft carrier and accompanying ships entry to the port of Hong Kong for a Thanksgiving holiday visit, US officials said. The State and Defense departments said on Wednesday that it was unclear why the aircraft carrier strike
      AFP  -  395 words
    • 940 14 Bloomberg [SHANGHAI] If Warren Buffett, Alan Greenspan and Li Ka-shing are right about China's stock market, China Finance Online Co may lose its rank as the best-performing foreign company listed in the United States. American depositary receipts (ADRs) for the Beijing-based
      Bloomberg; AFP FILE PHOTO  -  940 words
  • Page 14 Advertisements
    • 1538 14 IN THE MATTER OF NTI INTERNATIONAL LIMITED THE COMPANIES ACT, CAP 50 (Incorporated in Singapore) ("the Act") (Company Registration No.: ?00?*****D) AND IN THE MATTER OF MASS RAPID ENERGY PTE LTD NOTICE OF EXTRAORDINARY GENERAL MEETING ("the Company") NOTICE IS H EREBY GIVEN that the Fxtraordinary General Meeting of NTI
      1,538 words
    • 1515 14 IN IKE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF S. L DEVELOPMENT MANAGEMENT PTE LIMITED Registration No. *****0900R (In Members' Voluntary Liquidation) ATAN EXTRAORDINARYGENERAL MEETING OF THE S. L DEVELOPMENT MANAGEMENT PTE LIMITED DULY CONVENED AND HELD AT 5 SHENTON WAY #02-14 PODIUM BLK UIC
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  • MIDDLE EAST
    • 376 15 High prices have raised demand for hedging tools, says Dubai Multi Commodities Centre SINGAPORE] The Dubai Multi Commodities Centre (DMCC) is olanning to launch a liquefied latural gas (LNG) futures conTact on its exchange soon as mrging energy prices increase iemand for hedging tools,
      376 words
    • 403 15 [DUBAI] Gulf Arab states, including Saudi Arabia and the United Arab Emirates, should curb public spending as well as drop their currencies' pegs to the US dollar to slow inflation, Citigroup Inc said. "We believe policy-makers will have to start thinking about
      403 words
  • Page 15 Advertisements
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      622 words

  • WORLD
    • 793 16 Reuters High-end customers not affected by housing trouble, soaring fuel prices [NEW YORK] While most of the US retail world is bracing itself for a tough holiday season, luxury retailers will face far less pressure as high-end shoppers shrug off housing trouble
      – Reuters; REUTERS  -  793 words
    • 572 16 -NYT [KUALA LUMPUR] Rising oil wealth is lifting Islamic banking banking that adheres to the laws of the Quran and its prohibition against charging interest into the financial mainstream. Big banks, including Citigroup, HSBC and Deutsche Bank, as well as financial capitals like
      -NYT  -  572 words
    • 222 16 Reuters [BRUSSELS] Burgundy, Chianti, Rioja and other quality European wines will be under threat if radical EU reforms are approved next month, top winemakers say. Producers from France, Italy, Spain and Portugal warn that the reform plan, which EU farm ministers are due to
      – Reuters  -  222 words
    • 476 16 Reuters [LONDON] Growth accelerated in the over-the-coun-ter (OTC) derivatives market in the first half of 2007 before the credit crisis hit, led by a gain in credit default swaps, the Bank for International Settlements (BIS) said on Wednesday. Notional amounts of all
      – Reuters  -  476 words
    • 277 16 neuters, Bloomberg [TOKYO] Japan's large banks had about 1.2 trillion yen (5515.7 billion) invested in products related to the US sub-prime mortgage market as of the end of September, Japan's financial regulator said yesterday. The estimate from the Financial Services Agency (FSA)
      – neuters, Bloomberg  -  277 words
    • 311 16 Reuters [BANGKOK] Thailand's Supreme Administrative Court will deliver its verdict on a case seeking to delist PTT PCL, the country's biggest listed firm, by the middle of December, a senior judge said yesterday. "The ruling should be out by the middle
      Reuters  -  311 words
  • Page 16 Advertisements
    • 222 16 Invest now! PULSES, SGX's investment magazine, will be relaunched next month. The tBbbs^~ rejuvenated monthly will be produced entirely by The Business Times. The v"^ January 2008 issue will be on newsstands and in bookshops on Dec 19 but Jj^ you can get a copy delivered to your home or
      222 words

  • SINGAPORE STOCKS
    • 8639 17 Transaction date: Nov 22 High »-wks Tel Low Code Company Sale (*000) High ■ow Buyer Seller C'vr P/E Smii 3.5 2 5716 1st Software 22 8 3148 8Telecom 34 17.5 5834 A-Sonic 104 98 6389 ABF SG Bond ETF 30 15.5 1938 AEICorp 27 13.5 1100 AEM 42
      8,639 words
    • 71 17 Hii Low Code Comi >an' Sale COOO] Hii Low Bui rer Seller C'vr P/E Smil 119 119 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170 SPDP.S 3983 2835 6235 STI ETF 100 3977.9 2857.4
      71 words
    • 2056 17 52-Wk Tel High Low Code Last Sale Vol Cooo) Day Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E $mil Com Hil 30 11.5 1181 AAGrp 41.5 19.5 5000 ABRHIdgs 31 22 8538 APStrategic 16.5 2 1501 Advanced System 70.5 15 1524 Alantac 22.5 8 7814
      2,056 words
    • 263 17 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net 2 or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum
      263 words

  • FINANCE & COMMODITIES
    • 362 18 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov21 World Index Preliminan 1090.9 -1.6 -0.9 -1.2 -1.2 -1.6 4.2 EAFE Preliminan 1074.9 -2.2 -3.0 -1.7 0.8 -2.0 6.: Euro[ Preliminary 1470.5 -2.3 -1.5 -1.9 2.4 -2.2 8.1 Pacific 933.8 -2.0
      362 words
    • 130 18 As at 9am Nov22 Singapore dollars to one unit if foreign currency: Currencies Bid Offer Uist dollar 1.2600 1.2740 .an dollar 1.4640 1.4810 luro 2.1450 2.1700 IZ dollar 1.0840 1.1070 Sterlin iund 2.9780 3.0120 )S dollar 1.4440 1.4610 .ocal dollars to 100 units if foreign currency:
      130 words
    • 163 18 Nov22 fer Bii Overnight 1 3/4 1 -month 2 3/16 2-months 2 1/2 3-months 2 9/16 Overnight mode: 1 3/4 US$ Offer 1 5/8 2 1/16 2 3/8 2 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months Sfr 4.80 4.83
      163 words
    • 24 18 Nov22 ten J!i Sett STI ;iMSCI Nov 402.8 412.2 403 "aiwan Nov 330.5 336.4 331.7 Source: MF Global (S) Pte. Ltd
      24 words
    • 21 18 Nov 22 Bid Offer 1-month 1.4464 1.4481 2-months 1.4431 1.4448 3-months 1.4407 1.4425 6-months 1.4339 1.4358 Source: OCBC
      21 words
    • 151 18 Nov22 Zurrencies Bid Offer Bid Offer >$IUS$ to one unit of foreign currency: Australian dollar 1.2693 1.2709 0.8756 0.8758 'anadian dollar 1.4747 1.4766 1.0173 1.0176 iuro 2.1512 2.1539 1.4840 1.4843 IZ dollar 1.0949 1.0972 0.7553 0.7561 Sterlim 2.9944 2.9978 2.0657 2.065' IS dollar 1.4496 1.4511 >$IUS$ to
      151 words
    • 354 18 Nov22 OPEN HIGH LOW SETT VOL OP/INT iURODOLLAR FUTURES 3ecO7 VlarO8 lunO8 >epO8 EUROYEN FUTURES 95.190 95.810 96.180 96.370 0 0 0 0 ***** ***** ***** 8776 3ecO7 99.160 99.160 VlarO8 99.175 99.180 lunO8 99.175 99.180B >epO8 99.145 99.150 3ecO8 99.105 99.105 VlarO9 99.040 99.045B lunO9 >epO9
      354 words
    • 281 18 Nov22 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Dec 07 Jan 08 FebO8 Mar 08 Apr/Jun 08 Jul/Sep 08 355.00 355.50 356.50 359.50 362.75 365.25 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes) Open Interest
      281 words
    • 104 18 Nov2l SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 08 1084.00 1087.00 1086.50 1078.50 MarO8 1101.25 1103.50 1102.50 1095.00 May 08 1106.50 1109.00 1108.00 1100.00 Jul 08 1110.25 1113.00 1111.00 1103.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low ih/Low Dec 07 45.95 45.72 46.02 45.60
      104 words
    • 75 18 CRUDE OIL PRODUCTS Nov2l CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 94.98 0.7 WTI (Near Mth) 97.30 -1.77 Dubai (1-Mth F) 89.45 2.18 Tapis blend 100.2 2.3 Minas 96.2 2.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 94.10 114.65 2.60 1.6 US$/barrel Opec Oil Basket
      75 words
    • 466 18 Nov22 AS Rmb Euro HKS Ind Rs Ru Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound USS Australia 0.861 6.490 0.590 6.812 34.433 82.272 0.953 8.176 2.964 1.159 53.426 37.821 1.270 5.933 0.965 28.325 29.603 0.424 0.876 Canada 1.162 7.540 0.686 7.915
      466 words
    • 85 18 Nov22 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****E 21.02.08 1-Year BY*****A 29.09.08 2.28 2.19 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hie Day's igh Low 2-Year N*****0Z 2.375 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year
      85 words
    • 62 18 Nov22 mth 4.***** 2.***** mths 5.***** 2.***** mths 5.***** 2.***** mths 4.***** 2.***** mths 4.***** 2.***** 2 mths 4.***** 2.***** iWAP Offer rates (S$) mth 2.***** mths 2.***** mths 2.***** I mths 2.***** 2 mths 2.***** iWAP Mid rates (S$) yr 2.6425C !yrs 2.***** iyrs 2.***** [yrs 2.8875C lyrs
      62 words
    • 65 18 Nov22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Dec 07 2970 2970 2975 2953 496 4625 Jan 08 2977 2987 3000 2971 1701 ***** Feb OS 2975 2992 3001 2966 4518 ***** Mar 08 2978 2986 2999
      65 words
    • 133 18 Nov22 (USS/oz) Nov22 Nov21 Hong Kong London 800.20 801.50 801.20 802.50 Nov20 Nov21 792.90 797.80 793.60 798.60 Source: Reuters CAST BAR (S$) Nov22 Buying Sellini Kilobar "40,108.95" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz UBS Kinebar™ 89.88 254.66
      133 words
    • 69 18 Nov21 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2470.20 2493.80 3 months 2521.00 2544.00 Copper, Grade A (US$/tonne) Cash 3 months 6473.00 6515.00 6755.50 6795.00 Lead (US$/tonne) Cash 2910.00 3 months 2901.00 3069.00 3050.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months
      69 words
    • 79 18 Nov2l (£/tonne) Close Prev Hii ih/Low Dec 07 930 936 Mar 08 960 967 May 08 975 982 Jul 08 991 998 950/929 981/959 995/975 1011/991 COFFEE (US$/tonne) Close Pev High/Low Nov07 2321 2284 2330/2284 Jan 08 1826 1824 1830/1811 Mar 08 1815 1813 1821/1802 May 08 1826 1823
      79 words
    • 2228 18 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 2036AdvanceSCTLtdW*****9 30 -1.5 253 1 87 31 2.97 33 8798Ascendas REIT SGA ECW*****3 10 -4 30 1 248 4 2872AusGroupRB ECW*****7 3.5 -4 35 0.5 188 1 3124 Brothers
      2,228 words

  • AVIATION
    • 641 19 Ocean Air will buy 7 A 330-200 widebody planes, 14A3195, 7A320s [SAO PAULO] Airbus SAS, the world's largest maker of commercial planes, has won a U552.65 billion order from Ocean Air, a Brazilian carrier that plans to add domestic and international flights in
      AFP  -  641 words
    • 241 19 [LOS ANGELES] Boeing Co, the world's second-biggest commercial plane maker, said orders this year have reached 1,047, breaking a record for a third straight year. With more than a month left in the year, Boeing added 71 orders for 737s and 777s
      241 words
    • 180 19 -AP [JAKARTA] A two-metre-long piece of wing broke away from a jetliner minutes after it took off from Indonesia's largest airport, but the plane managed to land safely, officials said yesterday. The incident late on Wednesday involved a Boeing 737 operated by local
      -AP  -  180 words
    • 381 19 [SEPANG] Air Asia X has clinched RM3O million (5512.9 million) in sales for flights to Australia's Gold Coast since its maiden trip on Nov 2, The Starßiz reported quoting chief executive officer Azran Os-man-Rani. "We have had over 30,000 confirmed
      381 words
    • 286 19 Bloomberg [DALLAS] US Airways Group Inc raised most fares in the US and Canada by US$lO round-trip to help offset fuel prices that have climbed 58 per cent this year. If other airlines follow suit, it would be the eighth time
      Bloomberg  -  286 words
    • 223 19 By VINCENT WEE [SINGAPORE] Singapore and the Slovak Republic yesterday concluded an open skies agreement. This agreement, which takes place immediately, allows for full flexibility of air services operated by the carriers of both countries even though there are no direct flights between
      223 words
    • 2403 19 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,403 words

  • SHIPPING
    • 676 20 AUSTRALIA'S Transport Safety Bureau last week issued an advisory calling on all vessel owners and operators to urgently notify their ships' crews of the dangers associated with servicing the Osaka OECV2 boiler. This follows an investigation into two explosions on board the Pan-ama-flagged bulk carrier
      676 words
    • 585 20 -AP Cloud of toxic gas catches fire easily, prevents crews from carrying out repairs [MEXICO CITY] Workers were still battling a nightmarish combination of gas and crude leaks, fires and oil slicks at a damaged Gulf of Mexico oil platform on Wednesday,
      -AP; AF  -  585 words
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  • EDITORIAL & OPINION
    • 511 21 IF there ever was a time in recent history when the US consumer's spending stamina would be sorely tested, it must be now. And given that US consumption spending accounts for something like 70 per cent of America's GDP, it is little wonder that the
      511 words
    • 956 21  -  PAUL SAMUELSON he depth of the financial malaise is unknown better to worry too much, then ALL through the many years of the 1929 to 1939 Great Depression, Wall Street publicists and President Herbert Hoover would repeatedly announce: "Recovery is just around the corner."
      AFP  -  956 words
    • 769 21  -  FRANK CHING THE BOTTOM LINE CHINA'S release of a white paper on the country's political party system purports to show that it has a system of "multiparty cooperation and political consultation under the leadership of the Communist Party of China". This, presumably,
      769 words
    • 1191 22  -  G PANICKER Climate change sceptics now seem convinced there is a problem; the next step is to agree on what needs to be done COMING to terms with change is hard. But that is what climate experts want us to prepare for a low-car-bon
      AP  -  1,191 words
    • 1204 22  -  RICH MILLER, MATTHEW BENJAMIN KEVIN CARMICHAEL Bloomberg His reputation and the economy depend on whether his brainchild works By and THE name doesn't exactly trip off the tongue. The entity is called the master liquidity enhancement conduit, or M-LEC. Henry Paulson hopes that
      – Bloomberg; BLOOMBERG  -  1,204 words


  • Page 23 Advertisements
    • 2666 23 m The Business Times Shipping Times m 1M H|n I WAN HAI INTERNATIONAL PTE LTD CRN0:**********0/R |^H| I*j«jJjj«Uaj{jjU Biiilli(iiy||'¥fl;f'rilWßiT'ri'l'ril'ffflilM V"~ ■■■> T1L*****588 (14 LINES) FAX:*****163 1 V V 2>~llll[tfl}~lll KMUNHHWBSIPHHM WetmmMmtFWmimm&m V\M 1 WAN HAI INpN Cusloinei Setvke/Bookings Dire<l Line (1800) *****200 ■M»|j»^UHMM^K^|^ll^« B3jjCTErX'm'ElnTlTy?iO V I Vlnll I Inl LlllfcJ
      2,666 words

  • Page 24 Advertisements
    • 3055 24 If drf I Il7r\ EASTERN CAR LINER, LTD It§ Q®3^& O GIST/ C #1 I W-——^ I specialize in roro heavy lift UPTO 450 t6ns~| WEEKLY EXPRESS SAILING SCHEDULE i/^HrT\- "I Sfc^.^M! ''l' -LJ IpUlßMaaai^^^^M VOY Rainp(KT) Lilting(KT) SIN PKL PNN JKT LCB BTG (cf^ HF~\~X r" 1-^ ''jffiiiimll HMreZ
      3,055 words

  • Page 25 Advertisements
    • 2808 25 PSI H H H H H llggj ANDERSEN uwwjg*^ I f^j. GLO^Y NAviGATIOiy GROUpI RB9 US I shipping companyX 70 Shenton Way, #21-03 Marina House Singapore *****8 ®>&4MM)&.W% fß^-fr*} NORTH WEST EXPRESS LINE I < hncumo > iNV^ivin vycoi tArrtoo lime ~m r,„„„»,m owns operates the youngest fleet Imi! MONTHLY
      2,808 words

  • Page 26 Advertisements
    • 2977 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
      2,977 words

  • PROPERTY
    • 606 27 Bloomberg Those trading at less than their net asset value are likely to be bought out [TOKYO] Japanese real estate trusts and asset managers may be ripe for takeovers after share prices plunged and stricter compliance guidelines raised costs, said property managers including
      Bloomberg; BLOOMBERG  -  606 words
    • 499 27 Bloomberg [HONG KONG] Shimao Property Holdings Ltd, a developer owned by Chinese billionaire Hui Wing Mau, said it will shun debt markets for up to a year as yields on its dollar bonds rose to a record. The Hong Kong-listed
      Bloomberg  -  499 words
    • 201 27 Reuters [SHANGHAI] British fashion retailer Topshop plans to open its first China store early next year, following rivals such as Inditex's Zara and Hermes Mauritz AB in setting up shop in the world's fastest growing major economy, sources familiar with the situation said
      Reuters  -  201 words
  • Page 27 Advertisements
    • 149 27 INVESTMENT SALES INVESTMENT BANKING ADVISORY SERVICES VALUATION CAPITAL MARKETS Disposition on behalf of Asia 1 Finlayson Road: Acquisition by General (27% stake) at $87 mil. Ascott at $109.5 mil. 700 Beach Road: Appointed as 6 strata title floors at Suntec City, exclusive disposition agents circa John Hancock Tower, GB Building,
      149 words

  • mipimasia 2007
    • 546 28 The dynamism of the Asia Pacific real estate industry was clearly reflected by the response to the inaugural MIPIM Asia Awards, which takes place on Nov 28, in Hong Kong. Over 100 projects from 15 different countries across the Asia Pacific region were submitted to the MIPIM Asia
      546 words
    • Nominated projects
      • 53 28 Plaza 66 Shanghai, China Architects: Kohn Pedersen Fox Associates PC Project Architect: Frank C V Feng Architects Associates Developer: Hang Lung Properties One Raffles Quay Singapore Architect: Kohn Pedersen Fox Associates Developer: One Raffles Quay Pte Ltd Osaka Bar Association Building Osaka, Japan Architect: Nikken Sekkei Ltd Developer:
        53 words
      • 37 28 Elements Hong KongS.A.R. Architect: Benoy Ltd and Aedas Ltd Developer: MTR Co Ltd Siam Paragon Bangkok, Thailand Architect: J+H Boiffils Developer: Siam Paragon Development Vivo City Singapore Architect: Toyo Ito Developer: Mapletree Investments Pte Ltd
        37 words
      • 41 28 Athenee Residence Bangkok, Thailand Architect: A 49, BBG-BBGM Developer: TCC Capital Land Ltd Residences Evelyn Singapore Architect: DP Architects Pte Ltd Developer: City Developments Ltd The Berth by the Cove Singapore Architect: Axis Architects Planners Developer: Ho Bee Group
        41 words
      • 64 28 Beijing Yintai Centre Beijing, China Architect: John C. Portman Developer: Beijing Yintai Property Co, Ltd China Central Place Beijing, China Architect: Kohn Pedersen Fox Associates Developer: Beijing Guohua Real Estate Company Ltd Property manager: Savills Property Services (Beijing) Company Ltd Tokyo Midtown Project Tokyo, Japan Design Architect: Skidmore,
        64 words
      • 51 28 Banyan Tree Li Jiang Li Jiang, Yunnan Province, China Architect: Architrave Design Planning Developer: Banyan Tree Holdings Ltd Sheraton Dameisha Resort Shenzen, China Architect: Terry Farrell Partners Ltd Developer: Kingkey Group The Venetian® Macao Resort Hotel Macau S.A.R. Architect: Aedas Ltd Engineering designer: Arup Developer: Venetian
        51 words
      • 71 28 Colliers Kirinda Kirinda, Sri Lanka Architect: Shigeru Ban Project initiator and co-developer: Colliers Kirinda Research Institute for Humanity and Nature Kyoto, Japan Architect: Takashi Okamoto, Nikken Sekkei Ltd Developer: PFI Special Purpose Company, consists of Nishimatsu Construction Co Ltd, Tokyu Community Co Ltd, and Nikken Sekkei Ltd The
        71 words
      • 99 28 Dongtan Eco-city Shanghai, China Masterplanners engineering designer: Arup Developer: Shanghai Industrial Investment Co Guest Palace suggested for Expo 2010 Shanghai Shanghai, China Architect: Nobuyuki Hayakawa Developer: Japan Hayakawa Architectural Design Shenyang City Hang Lung Plaza Shenyang, China Design Architect: Kohn Pedersen Fox Associates; Project Architect Wong Tung International
        99 words
    • 154 28 This special feature is brought to you by MIPIM Asia President: Dr Robert Lie, CEO, ING Real Estate Investment Management Asia (Hong Kong) Jaewon Choi, Managing Director, BHP Korea (Korea) Reuben Chu, Chairman, PGBC (Professional Green Building Council, Hong Kong) Richard David, Managing Director, Treasury Holdings China Limited (China)
      154 words
    • 213 29 Residences Evelyn Developer: City Developments Ltd 36 Robinson Road #20-01 City House Singapore *****7 Tel: +65 6877 1818 Architect: DP Architects Pte Ltd Sheathed in a stunning blue glass facade, Residences Evelyn, with its two 33-storey residential blocks stands majestically on elevated ground in full modern architectural splendour. The apartments
      213 words
    • 365 29 As Singapore's pioneer developer, CDL is shaping Singapore's skyline and has built many iconic and landmark projects such as: The prestigious The Sail Marina Bay, standing at 70 storeys and 63 storeys, makes it one of the tallest residences in Singapore, offering panoramic views. One Shenton is
      365 words
    • 306 29 Architectural team: Mr Wu Tzu Chiang Ms Lesley Lim Mr Dadi Surya MrSuneeth CN Mr Rida Sobana Mr Kazi Nayeb-UI-Ahad Design Concept The Residences Evelyn comprises a mirrored pair of 33-storey residential towers with a 15-metre steeply truncated crown that distinguishes it from the other towers
      306 words
    • 109 30 Developer: Ho Bee Group 12 Tannery Road #10-01 HB Centre Singapore *****2 Tel: +65 6748 7522 Architect: Axis Architects Planners The first of its kind in Singapore, The Berth by the Cove is a waterfront condominium to feature its own private berths for luxury boats.
      109 words
    • 461 30 WITH its 20 years of experience in the property industry, Ho Bee has established itself as a developer of quality residential, commercial, industrial and mixed-use properties. With its talented and dedicated management team driving Ho Bee onwards and upwards, the company went public in December 1999 and
      461 words
    • 491 30 Architectural team: Partners: William Ong, Ling Siew Hwa Senior Director: Henry Foo Principal Architect: Leong Keen Chong Senior Design Architect: Edwin Manakil Chief Technical Officer: Chu Lay Keng Project Coordinator: Hee Woon Hon Design concept: The Berth by the Cove in Sentosa is a prestigious development that
      491 words
    • Article, Illustration
      99 31 Developer: Mapletree Investments Pte Ltd 1 Maritime Square #13-01, Harbour Front Centre Singapore *****3 Tel:+6s 6377 6111 Design Architect: Toyo Ito Associates, Architects Project Architect: DP Architects Pte Ltd Vivo City Singapore's largest multi-dimensional retail and lifestyle destination opened its doors to great fanfare on Oct 7, 2006. With
      99 words
    • 506 31 Mapletree Investments Pte Ltd is a leading real estate company in Singapore with an Asian focus. One of its business focus areas is rejuvenating signature developments. Mapletree is the master-planner of the 24-ha mixed-use Harbour Front Precinct and has transformed it into a vibrant and integrated
      506 words
    • 483 31 Toyo Ito Associates, Architects Firm's particulars: Toyo Ito was born in 1941. After graduating from the University of Tokyo in 1965, he worked for the Metabolist architect Kiyonori Kikutake until 1969. In 1971 he opened his own office, Urban Robot (URBOT), which was renamed Toyo Ito Associates, Architects in 1979.
      483 words




  • FOCUS
    • 1746 32 -NYT Fans are drawn by its studiously unembellished furniture, housewares and clothing, and also by its semi-mystical retail mission, writes PENELOPE GREEN E are pack rats who are evolving," said Matthew m m B ir n b a urn a 33-year-old chef who lives
      -NYT; FILE PHOTO  -  1,746 words
  • Page 32 Advertisements
    • 270 32 I I HHHIIHHHBn Forquality j£* m^Mj^nmrnu^^g^m £k O. B9 I teddy bears and M vk Mi^L I mwL m I "f"oy" wsmmm from only $3os QjisMiii^ 23 Bussorah Street, Singapore *****1 www.sasliaßliears.com.»g EKEKK^HMU i— i i —i i—^ buddy love seat (limited designer piece) Vjr^-^^^^_ y 4^ yu X A
      270 words

  • WINE/NIGHT OUT
    • 952 33 Jacob's Creek launches its top-of-the-line Heritage range in Singapore, with the belief that wine lovers here are ready for it, reports CHRISTOPHER LIM THE Australian wine label Jacob's Creek is seeking to take its customers upmarket by introducing higher-quali-ty ranges and by carefully choosing
      952 words
    • 897 33  -  N KYONG By IF there is one thing that stands out from a tour of wineries, beginning from Montalcino through Bolgheri, Tuscany and Piemonte, it is that 2007 is a very great vintage in Italy, greater than 1997, and perhaps one of the greatest in
      897 words
    • 576 33 By CHRISTOPHER LIM BIG birthday bashes for people are de rigueur for the party scene, but what happens when a champagne house turns 130 years old? It celebrates loudly all over the world to let people know that it's not only alive and
      576 words
  • Page 33 Advertisements

  • CLIPPER ROUND THE WORLD RACE
    • 979 34 The only continuous stretch of open water in the world has a fearsome reputation, renowned for winds of more than 70 knots, waves as high as 15 m, and freezing temperatures, writes VINCENT WEE HEN Uniquely Singapore clipper sets off for Fremantle, Australia on
      979 words
    • 553 34  -  VINCENT WEE By KEPPEL Corp senior human resource and administration executive Agatha Goh, 31, has chosen to mark her 10th year with the company in an unusual way she will sail across the Southern Ocean. She is doing so as one of six
      553 words
  • Page 34 Advertisements
    • 47 34 A^S^TvVS Bl kM^B Keppel Integrated Engineering Pte Ltd EKM >M HT )^VftW BIHI Aj 31 Shipyard Road 9^ Smgapoie62Bl3o J V^^H Tel. *****26? 6800 Mg gmm B*^,^^ -<?4Bi^^ iitf^lT^^S Fax: (65) 6268 4511 www.kie.com.sg BjlirMlfP^RMM MJjjj jijjEjij Find out more about Marina at Keppel Bay at www.marinakeppelbay.com
      47 words
    • 71 34 This series on Uniquely Singapore's adventures in the Clipper 07-08 Round the World Yacht Race is brought to you by k^mi THE BUSINESS TIMES Business Times journalist Vincent Wee, who did a circumnavigation on Uniquely Singapore Clipper in the 2005-2006 race and reported from onboard the boat in the first
      71 words

  • PROFILE/ARTS
    • 831 35 emetrios isn't contented with basking in his grandparents' works, says GEOFFREY EU T'S hard to imagine a more iconic or charismatic couple in the world of modern design than Charles and Ray Eames, the architect husband and artist wife pair who were also known
      831 words
    • 540 35 By PARVATHI NAYAR WHETHER as an archetypal character in film, fiction and theatre, or through encounters with such real-life people in our families, the central figure of Rosa in Desmond Sim's new play has an aura of familiarity. This is the slightly-larger-than-life Asian matriarch who
      540 words
    • 783 35  -  PARVATHI NAYAR By EVEN before the Asian Festival of Ist Films (AFFF) opens for the third consecutive year in Singapore next week, it has proven its economic value to date, the crop of films that made their debut at the first AFFF in 2005 have
      783 words
    • Article, Illustration
      619 35 Masterclass AS part of the activities surrounding the visit of the celebrated Nobel Laureate Gao Xingjian, the Singapore Art Museum (SAM) will be holding a dialogue session with him conducted in Mandarin, English and French (with translations). This is a rare opportunity for fans to chat with the Renaissance
      619 words

  • MUSIC
    • 480 36 Duo assures Singaporean fans they'll get to hear their favourite hits, as well some new songs, reports CHRISTOPHER LIM 'YE been through the desert on a horse with no name. That line should be familiar to more than a couple of readers out there. But the
      480 words
    • 517 36  - Two faces of Led Zeppelin then and now BEN MUNROE CD REVIEW Raising Sand Robert Plant, Alison Krauss Decca/Universal Rating: A Mothership Led Zeppelin Atlantic/Warner Rating: A By NOVEMBER 2007 is one year to the month from the 40th anniversary of Led Zeppelin's formation, announced then by a press release
      517 words
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  • CINEMA
    • 662 37 The serious message that The Kingdom tries to convey gets a bit lost amid all the explosions, says GEOFFREY EU THE times may have changed but mainstream Hollywood remains essentially the same a reliable source for escapist entertainment of varying standards and a
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    • 574 37  -  CHRISTOPHER LIM By MANY good Singapore films suffer from parochial subject matter, which limits their global appeal. Singapore Dreaming and Perth are two such examples. But New Zealand-Sin-gapore project The Tattooist takes a spin on the horror genre that avoids this pitfall. The
      574 words
    • 472 37  -  PARVATHI NAYAR By REVISIONIST fairytales are the flavour of the month in town, what with Singapore Repertory Theatre's ThePillowman exploring its darkly witty underbelly and Walt Disney Pictures' Enchanted proving that sweetness served straight up is the best form of irony. Enchanted is
      472 words
    • 402 37  -  PARVATHI NAYAR DVD By HARRY Potter and the Order of the Phoenix is undoubtedly the best in the series thus far which is saying a lot, given that it is based on the least enjoyable of JK Rowling's seven books. The movie has moments of pure
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  • Page 37 Miscellaneous
    • 314 37 CRYPTIC CROSSWORD ACROSS 1 Fellow left with feeling of r BJ BM BBU wanting to scratch side of UK I i 9 Above having gradual incre- BJ BJ Bfl BJ BJ BJ BBVJ ase reaching excessive size R^l Byi 10 Steeplechaser, one taken BJ BBVJ BJ BBVBB BBVJ 11 Romeo
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  • COVER STORY
    • 1558 38 Repackaged versions and edgy marketing have resulted in increased sales of these much-loved books, top publishers tell PARVATHI NAYAR BROWSE for fiction in a Singapore bookstore today, and your eye is caught by the vivid colours, edgy covers and smart packaging that belong not to the newest
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    • 1503 38 IN THE MATTER OF IN THE MATTER OF I I in THE MATTER OF I I INTHEMAnEROF IN THE MATTER OF I I IN THE MATTER OF I I iNTOTMATTFiinFTHF THE COMPANIES ACT THE COMPANIES ACT IN I rib MAI I bK Uh THE COMPANIES ACT THE COMPANIES ACT INTHEMAnEROF
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  • executive lifestyle
    • 531 39 I REMEMBER a time when you could hold an annual report in your hands. There was even a time when it was mandatory for annual reports to possess a certain dour look so that unwitting passers-by would not mistake them for actual reading material. But not
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  • Page 39 Advertisements
    • 84 39 JUDGING A BOOK BY ITS COVER AFTER ALL yA V Pride and Which of these versions would you pick? Turn to PAGE 39 to see how classics like Jane Austen's Pride and Prejudice have become more popular since they have been cleverly revamped PPIHM 11 I S.t— REGULATEUR a TOURBILLON
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  • Page 39 Miscellaneous