The Business Times, 4 October 2005

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Total Pages: 30
1 30 The Business Times
  • 13 1 THE BUSINESS TIMES Tuesday October 4,2005 SINGAPORFBScents online at http://business-times.asial.com.sg MICA (P) 089/03/2005
    13 words
  • 875 1  -  Study shows its effective tax rate is lowest among 36 locations By CHUANG PECK MING (SINGAPORE] Singapore is the most tax-competitive location when it comes to attracting investments beating even Hong Kong, which has one of the lowest corporate tax rates in
    875 words
  • 818 1  -  He sees potential in sectors like tourism and agrotechnology By SHOEB KAGDA in Bali SINGAPORE and Indonesia, which already enjoy close ties, can do more to strengthen economic cooperation, especially in sectors such as agrotechnology and tourism, said Prime Minister
    REUTERS  -  818 words
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    • 133 1 HoKwonPingon coping with uncertainty M SME SPOTLIGHT INVESTMENT HK Mark Mobius: appetite for emerging martels is back KB PG 7 JHbKSH Terms and conditions: Promotion is from 26th September to 31st December 200 S. Promotion applies only to IDD 002 calls made from Ml mob* and SingTel/StarHub mob*, lines that
      133 words
    • 5 1 Markets Digest oa Pf 3
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  • TOP STORIES
    • 777 2  -  Flash estimates could be boosted by sales of cheaper freehold homes By ARTHUR SIM [SINGAPORE] Sales of cheaper freehold properties are helping to pull up the resale price index in the private property market, say some property consultants. Official flash estimates for the
      Source: LIRA NOB  -  777 words
    • 532 2 Thailand studies hotel project on Orchard Rd embassy site THAILAND has dispatched a research team to study the possible re-development of the Royal Thai Embassy site on Orchard Road into a 30-storey building, with a deluxe hotel and an exhibition space showcasing Thai products and services, Xinhua news
      532 words
    • 419 3 Latest feasibility study also looks into plans for exhibition centre [SINGAPORE] Thailand has sent a research team to study the development of the Royal Thai Embassy site on Orchard Road into a 30-sto-rey building, with a deluxe hotel and an exhibition
      419 words
    • 301 3  -  URA to study and announce guidelines later By ARTHUR SIM [SINGAPORE] Marina Bay could set the benchmark for landscaping and sky-rise greenery for cities of the future, says Minister of National Development Mah Bow Tan. Saying the government needs more initiatives to
      301 words
    • 130 3 sn 2301.49 (-3.65) ST INDEX FUTURES 2305.00(4.00) siMsa 272.11 (-0.40) SIMSa FUTURES 272.70 (+030) MARKETS Monday Chang* K1SEC0MP ***** -2.21 NHCKEI225 ***** .28 -49.02 HANG SENG 15.***** -34.13 SETINPEX 717.42 -5J1 JAKARTA COMP 1,083.41 +4.14 MANHACOMP 1.945J2 +3.75 SEOUL COMP dowd SHENZHEN B Chaed MUMBAIIND 8,697.65 +63.17 At
      130 words
  • Page 2 Advertisements
    • 80 2 BT ONLINE Access to BT Online is free-after 6pm each day. But print subscribers can access our online news anytime. Call 638&-3S38to subscribe and activate your online account w j •*> 1 <Afc. #Nt. J ttgjjj* 4 g*>t s4^ I K i ->;.^w#|fciP#??Wh 1 -f jh&s =ii^E^#^^^e «§H§Pto?* v v^w
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  • COMPANY NEWS
    • 560 4  -  IPO WATCH Listing criteria for Newcastle bourse are less stringent than SGX: analysts By OH BOON PING THREE small Singapore firms are set to list on the Stock Exchange of Newcastle (NSX) in Australia. If successful, NSX chairman Raymond Whitten told £T,
      FILE PHOTO  -  560 words
    • 579 4  -  By TEH HOOI LING THE flow of initial public offers by Chinese companies seeking to list in Singapore continues, with six more having lodged preliminary prospectuses with the Monetary Authority of Singapore. Five were lodged in the past three working days. And more than
      579 words
    • 734 4  -  HOCK LOCK SIEW By LESLIE YEE THE shares in a property company which has no analyst coverage, Bukit Sembawang Estates, have outperformed property heavyweights by rising 49 per cent so far this year. Meanwhile, shares in Capita Land are up 46 per cent, and
      734 words
    • 865 6  -  NEWS ANALYSIS It aims to develop lottery and Internet sports betting business there By MATTHEW PHAN THE formerly nomadic but increasingly urbanised inhabitants of Mongolia might soon be lining up to buy Singapore-style lottery tickets. investment company Rowsley intends to develop a lottery
      865 words
    • 383 6  -  By LESLIE YEE •AFTER having been slapped with 44 charges on Sept 23, sources say Accord Customer Care Solutions (ACCS) founder and former CEO Victor Tan, 34, could face further charges. The sources, who are close to the case, said new charges could
      FILE PHOTO  -  383 words
    • 383 6  -  TROUBLED COMPANIES By MICHELLE QUAH FACED with about half-a-billion dollars in claims, beleaguered Citiraya Industries took out newspaper advertisements yesterday' asking creditors to submit proof of what they are owed. The notices in The Business Times and The Straits Times are the first
      FILE PHOTO  -  383 words
    • 326 6  -  It sells its 96.5% share in Keppel Bank Philippines for $43.5m cash By WONG WEI KONG KEPPEL Corp, which has been divesting assets to focus on its marine, property and engineering businesses, has sold all its share in Keppel Bank Philippines (KBP) for $43.5 million
      326 words
    • 314 7 SESDAQ-listed Advance SCT, whose purchase of a 51 per cent equity in copper anode manufacturer Foshan Cheng'an Copper for $5.2 million is expected to be wrapped up early next year, is looking to this acquisition as a future profit driver. The Foshan deal comes after
      314 words
    • 291 7 CWT Distribution has agreed to sell two properties in Jurong for $145 million and then leasing them back. The properties are its headquarters at 24 Jurong Port Road, for $96 million, and Jurong Districentre at 3 Pioneer Sector 3, for $49 million.
      291 words
    • COMPANY BRIEFS
      • 50 7 A-REIT's 101.8 million new units at $2.13 each were fully taken up, raising $216.9 million, said Ascendas-MGM Funds Management Limited, the manager of A-Reit. The new units issued under its equity-fund raising are expected to commence trading on the mainboard at 2 pm tomorrow.
        50 words
      • 58 7 UNITED Envirotech Ltd announced yesterday that its subsidiary, Novo Envirotech (Guangzhou) Co Ltd, has secured two contracts worth a total of 24 million yuan (Sss million) from China National Petroleum Corporation (CNPC) to treat and reclaim waste water. CNPC is a major producer and supplier
        58 words
      • 66 7 PPL Shipyard, a subsidiary of SembCorp Marine, has signed a rig-building contract worth US$l44 million with Awilco Offshore ASA for the construction of a deep drilling offshore jack-up rig. The contract is an option that PPL Shipyard granted to Awilco and which the latter has
        66 words
      • 82 7 EZRA Holdings, an offshore support and marine services provider in South-east Asia's oil and gas industry, has posted a 138 per cent jump in net profit to $36.15 million for its full year ended Aug 31. Among the factors cited for the strong performance were higher
        82 words
      • 39 7 BEST World International announced yesterday that it will place out 15 million new shares at $0.57 apiece to raise about $8.34 million in net proceeds to fund its future investments in Asia.
        39 words
      • 41 7 DATACRAFT, an independent IT services and solutions company, has promoted regional director Dilip Kumar. 42, to chief operating officer (COO), a position that has been vacant since Bill Padfield was appointed chief executive officer in August 2003.
        41 words
      • 35 7 UNITED Overseas Bank opened its new branch premises in Bandar Seri Begawan. Brunei, on Saturday. UOB Brunei has been in operations since 1974. Currently, UOB has two branches in Brunei.
        35 words
      • 97 7 Reuters SEMBAWANG Kimtrans, a mining and marine logistics firm, expects its revenues to grow by about 25 per cent a year as coal mining in Indonesia fires up. Kimtrans. 27 per cent-owned by SembCorp Logistics, provides services for coal mines in Indonesia. "We are on
        Reuters  -  97 words
    • 501 7  -  Good fundamentals anchor optimism; more pension funds coming in: Mobius By GENEVIEVE CUA EMERGING markets have weathered a sea change in the way they are assessed as an asset class by institutions, and more pension funds are set to allocate more money, says veteran fund manager
      501 words
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  • Page 6 Advertisements
    • 125 6 Best for Advisory Portfolio Management I 2 nd in Best Quality of Relatiomtltp;!stanagement and Service I for Issues Privacy and Security I 3 rd in Best Range of Alternative Investments I I 3 rd in Most Interesting Product Range ING was voted as one of the Top 3 Private Banks
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  • SINGAPORE MARKETS
    • 539 8  -  STOCKS Belying a placid top, it is below the surface that most of the interesting activity takes place R SIVANITHY Senior Correspondent OF the many and varied terms to be found in a market commentator's lexicon, "treading water" might best describe movements in the local
      Source: Bloomberg  -  539 words
    • 499 8  -  TRADES TO WATCH By ALEXANDRA HO SUN Media Investment Holdings sold 1.3 million shares of Sesdaq-listed publishing group Sun Business Network at nine cents each on the open market last Friday, reducing its direct interest in the company and correspondingly the deemed stakes of
      499 words
    • Article, Illustration
      429 8 OTHER SINGAPORE INDICES Oct 3 VALUE CLOSE BT OB/OS -33.00 +9.00 BTCADI -*****.00 -26.00 BT 10-day MA -*****.00 -3.00 All-SG Equities 590.05 -0.57 SG Equities Elect 130.49 -1.62 SG Equities Fin 1654.29 ->-0.25 SG Equities Prop 715.90 +4.16 SIMSCI 272.11 -0.40 SiMSCI Futures 272.70 +0.30 MOST ACTIVE STOCKS VOLUME Wee
      429 words
    • Article, Illustration
      928 8  -  Compiled by UMA SHANKARI Jurong Technologies Oct 3 dose: $2.04 OCBC INVESTMENT RESEARCH. Oct 3 JURONG Tech (JTL) recently announced plans to set up a plant in Brazil to serve its major customer, Motorola. Our recent conversation with management revealed that production would likely start sometime this month with
      Source: Bloomberg  -  928 words
    • 519 8  -  CURRENCIES LARRY WEE Senior Correspondent A WEAKER-than-expected thirdquarter Japanese business sentiment report forced the Japanese yen to a 16-month low of 114.23 yen per US dollar yesterday, although the Indonesian rupiah sur- vived another terrorist bombing in Bali over the weekend. Compared to Q2
      Source: Reuters  -  519 words

  • SINGAPORE NEWS
    • 420 9 But Mercer survey says 3.8% average would be ahead of forecast inflation PAY increases for Singapore employees are expected to average 3.8 per cent next year well below the trend in the region and beyond. The projected salary increase is also 2.3
      FILE PHOTO  -  420 words
    • 364 9  -  By NANDE KHIN THE Competition Commission of Singapore (CCS) is working out how to reconcile the country's commitment to stamping out counterfeiting, copyright theft and other breaches of intellectual property rights with the need for the maximum possible competition. The commission yesterday issued draft guidelines
      364 words
    • 398 9  -  Relief issue in draft Bill raised by member of public By MICHELLE QUAH THE Ministry of Finance (MOF) has accepted a suggestion from a member of the public to clarify its draft Stamp Duties (Amendment) Bill 2005. It will look at making
      398 words
    • 209 9 SINGAPORE Airlines and American Express (Amex) yesterday launched an exclusive card for top-tier frequent travellers of the airline. Called the Amex Singapore Airlines PPS (Priority Passenger Services) Club Platinum Credit Card, it will offer one KrisFlyer mile for every dollar spent. "The exclusive Singapore Airlines
      209 words
    • 660 10  -  Revised green rebates announced but only one hybrid car to launch soon By SAMUEL EE THE green rebate may have been doubled, but motorists eyeing a hybrid car don't quite have a model to rush out to buy just yet. Only
      FILE PHOTO  -  660 words
    • 345 10  -  By NANDE KHIN RAFFLESSOOO Committee, which successfully sued Raffles Town Club (RTC) for breach of contract, has had its claim of almost $2 million in legal costs reduced to $245,000 by the High Court Registry. According to a statement from RTC yesterday, Rafflessooo appeared
      345 words
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    • 30 9 Get a Leading Edge Your sailing schedules get wider attention J in The Business Times shipping pages J Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2026 SHIPPING TIMES
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    • 360 9 Introducing The Business Times-NTU Annual Competitiveness Ranking for 35 Indian states and union territories India is one of the world's fastest We believe this conference will Annual Competitiveness Ranking growing economies but it Is also prove invaluable for investors, of 35 Indian States and Unjgn^ a very diverse country with
      360 words

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    • 27 10 Check out a wide range of courses in "Learning for Success" An education feature in The Straits Times Classified every Monday. Buy it sen it fm it.
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  • SME spotlight
    • 914 11  -  A*Star has schemes for SMEs to launch research projects. CHEN XIUFEN reports CHEN XIUFEN SMALL businesses are being urged to put maximum effort into research and development (R&D), which is seen as a key to Singapore maintaining its competitive edge. The government has outlined
      CHRIS LOH PHOTOS  -  914 words
    • 888 11  -  By MATTHEW PHAN HAVING crossed over to the world of business, former research scientist Fmarson Victoria chose to stay. One of the first participants in the Agency for Science, Technology and Research's T-Up programme, which attaches scientists to local companies for twoyear periods,
      888 words
    • 838 12  -  atea Environmental Technology eyes the lucrative Middle Eastern hospital waste market. MATTHEW PHAN reports MATTHEW PHAN IT may not be quite as sexy as turning sewage into drinking water a la Hyflux, but atea Environmental Technology is no less beavering away recycling gaseous
      FILE PHOTO  -  838 words
    • 5051 12 UNIT TRUSTS FUNDS Crti Global Bond/" 1.457/ Crti Asia Infrastructure 0.7726/0.8035 ABN Amro Asset Mgt (S'porc) CrtiBondS'poreA/$ i 291/ Star Europe Eqty'** 0.86/ cSs'SeB/J \MI Star Europe Bond 1.242/ Yd. j. Star Europe Bal ***** Cltl M s Dollar Class 8 1.0844/ c£i Mn B l2r Eq,y Citi Pan-Europe Equny
      5,051 words
    • 741 13  -  SMALL CAPS Shares of the shipping services company are undervalued and prospects are bright, writes JEAN CHUA JEAN CHUA TOTAL Automation is one of those companies that more people from outside the marine industry should know about. Established in 1987 as a services company
      FILE PHOTO  -  741 words
    • 404 13  -  By TEH HOOI LING A RE-RATING of stocks trading at a significant discount to their book value has helped our portfolio stay resilient despite a general retreat of the small-cap sector. Property group Bonvests Holdings surged almost 20 per cent in the last five trading
      404 words
    • 763 13  -  By ABHIJIT GHOSH, EVELYN LIM FOR expanding enterprises, beyond recruiting the right people, investment in employee training is the other critical pillar of growth fundamental to the company's success. Yet ever so often, after investing in an employee via paid training programmes, it inevitably
      NOEL ROSALES/ST  -  763 words
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  • Page 12 Advertisements
    • 55 12 AllianzGI Global Internet Fund Winner of the Sector TMT Global (3Year) Category' Allianz (jfi) and Best Equity Sector Information Technology Fund over 1 Year'' Global investors i i j, I, r i (omp.uiy rt iin IK) *****7169/ Source: Standard Poors 2005 Singapore Fund Awards I he 1 dge I ipper
      55 words

  • Page 13 Advertisements
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  • ECONOMY WATCH
    • 539 14  -  Business confidence survey weaker than expected By ANTHONY ROWLEY in Tokyo THK near-euphoria that has gripped Japanese stock prices since Prime Minister Junichiro Koizumi won a landslide election victory last month was subjected to a reality check yesterday when the Bank of Japan's latest tankan
      539 words
    • 269 14 AP [NEW DELHI] The Indian economy will expand by 7.3 per cent this fiscal year, the country's main business group estimated yesterday, citing improved prospects for agriculture and continued buoyancy in the manufacturing and service industries. The forecast by the
      AP  -  269 words
    • 424 14 Move will ease budget woes, restore confidence Bloomberg [JAKARTA] Indonesia's decision to cut fuel subsidies and raise fuel prices is an "encouraging move" that will relieve pressure on the state budget, rating company Standard Poor's said yesterday. "The move should restore investor confidence somewhat,"
      Bloomberg; AP  -  424 words
    • 642 14 Bloomberg [SINGAPORE/JAKARTAJ Indonesia's inflation accelerated at its fastest pace in 33 months in September, adding to expectations the central bank will raise interest rates again to curb the price pressures expected from the government's Oct 1 fuel cost increase. Consumer prices in South-east Asia's
      Bloomberg  -  642 words
    • 548 14 Re-exports to EU, US surge in quote-free gateway Reuters [HONG KONG] Hong Kong is booming as a quota-free garment re-export gateway that bypasses Chinese textile quotas as Beijing haggles over clothing trade with the European Union and the United States. Garment
      Reuters; REUTERS  -  548 words
  • Page 14 Advertisements
    • 47 14 I I if Lianhe Zaobao B I Cost of a I I million-dollar I I wedding in r v ff I Shanghai: I More than I I what a m I peasant I will earn 1 I in a lifetime 1 i ±n-m sumi" I 1 g
      47 words

  • AFTER THE BLASTS
    • 568 15 Rupiah, shares bounce back after initial fall of just over 1%, as fears wane Reuters Bloomberg AP [SINGAPORE] When resort island Bali was rocked by bomb blasts three years ago, Indonesia's stock market fell 10 per cent, the rupiah sank 3 per cent and
      Reuters; Bloomberg; AP  -  568 words
    • 579 15 AFP [BANGKOK] The threat of terrorism is proving no deterrent to the world's travellers, say experts, who believe even the second attack on Bali will have only limited impact on the island's linchpin tourism industry. Although last Saturday's blasts will send the
      AFP; REUTERS  -  579 words
    • 477 15 Terrorists still looking for soft targets: Yudhoyono AP AFP Reuters [BALI] Indonesia's capital was on top alert yesterday after the president warned of more attacks following three suicide bombings on Bali island, where a chilling video shot by a tourist showed
      AP; AFP; Reuters  -  477 words
    • 332 15  -  By MATTHEW PHAN [SINGAPORE] Indonesia will grant Singapore's fullservice airlines, including Singapore Airlines, permission to offer more seats to Bali and Jakarta to boost tourism, Bloomberg news agency reported yesterday. SIA will be allowed to raise its seat capacity by
      332 words
  • Page 15 Advertisements
    • 952 15 \A WEE POH HOLDINGS LIMITED 1 (Registration No. *****2355R) I 1 l\ (Incorporated in the Republic of Singapore) I NOTICE OF EXTRAORDINARY GENERAL MEETING I NOTICE 18 HEREBY OIVEN that an Extraordinary General Meeting ("EGM") of Wee Poh Holdings Limited (the I "Company') will be held at Ballroom 3, The
      952 words

  • MALAYSIA
    • 587 16  -  Abdullah says govt intends to sell to VW but size of share not decided By PAULINE NG in Kuala Lumpur MALAYSIAN Prime Minister Abdullah Badawi has confirmed that the government intends to sell a stake in national car-maker Proton to Germany's Volkswagen group. But
      BLOOMBERG  -  587 words
    • 416 16 [KUALA LUMPUR] Malaysia's biggest lender, Malayan Banking Bhd, may cut the number of its staff to reduce operating costs a previously unthinkable move by the country's most valuable company, reports Malaysia's Business Times. citing Maybank officials. The paper said the bank's officials revealed
      416 words
    • 325 16 [KUALA LUMPUR] The first World Islamic Economic Forum yesterday called for the establishment of an Islamic common market and floated a series of initiatives to boost business cooperation among Muslim nations. A declaration issued at the end of a three-day meeting listed the
      325 words
    • NOTE BOOK
      • 89 16 [TOKYO] Japan has offered China what it says is a "comprehensive and final solution" to a long-running dispute over oil and gas reserves in the East China Sea, in a bid to resolve one of the issues that have strained relations between two
        89 words
      • 77 16 Reuters [HONG KONG] AS WATSON, the retail and manufacturing arm of Hong Kong based conglomerate Hutchison Whampoa Ltd. said yesterday it had bought Spektr, a Russian health and beauty retail chain, extending its European reach eastwards. It did not disclose how much it was
        Reuters  -  77 words
      • 100 16 Reuters [HONG KONG] JF Asset Management, part of JP Morgan Chase Co. has raised about US$l billion in net new money from global investors so far this year for investment into Asia, with up to half for India, a group official said.
        Reuters  -  100 words
      • 94 16 Bloomberg [SEOUL! Tata Steel Ltd. India's second-largest producer, plans to spend US$23 billion over the next 10 to 12 years to increase production to meet rising steel demand in Asia, deputy managing director T Mukheijee said. "Hopefully, there will be more acquisitions" in the
        Bloomberg  -  94 words
      • 109 16 Bloomberg [TAIPEI] Fubon Financial Holding Co, Taiwan's second-largest financial services company by. market value, said it plans to raise as much as NT$7.3 billion (***** million) by selling its second real estate investment trust, or Reit. The company applied to the Financial Supervisory
        Bloomberg  -  109 words
    • 2319 16 VOl General Corp 0.40 unch 27 0c«» *t- C—1 Gaming 21.10 -0.30 306 George Kant 042 -0.01 101 AftMRealty 1.S5 unch 82. GHL Systems O.U unch 2111 -0.32 undi 36 GtobatronksTaA .030 -0.01 1628 ACPInduOriat .0.62 unch 0 GlomacBhd 131 002 Advance Synergy —0-» -0.01 78 Gold Bridge
      2,319 words
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    • 376 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MAST INDUSTRIES (SINGAPORE) PRIVATE LIMITED (IN MEMBERS'VOLUNTARY LIQUIDATION) (Company Registration No. *****2486N) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
      376 words
    • 189 16 Call toll-free 1800 289 8822 Bmail: notices@Bph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 PAKPOPPTELTD (Registration No. *****0042R) (In Creditors' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is .hereby given thai pursuant to Section 308 of the Companies Act. Chapter 50. a Final General Meeting of the Creditors
      189 words

  • GREATER CHINA/INDIA
    • 668 17 BOC to buy back Royal Bank of Scotland's stake if no IPO in 3 years [BEIJING] Bank of China has promised to buy back Royal Bank of Scotland Group PLC's US$3 billion stake if the Chinese bank fails to go public within
      668 words
    • 402 17 They're suspected of siphoning off ad revenues [HONG KONG] Three senior officials of Hong Konglisted Beijing Media Group have been arrested for allegedly siphoning off newspaper advertising revenues, the South China Morning Post reported mainland financial news magazine Caijing as saying. Caijing said
      402 words
    • 338 17 [CHICAGO] Manpower was to announce yesterday a deal to double the size of its operations in India, in a move that the employment services group said would address the chronic shortage of middle managers in the country's booming information technology and financial
      338 words
    • 555 17 Steelmaker also keen on Turkey at the right price Bloomberg [SEOUL] Billionaire Lakshmi Mittal, 55-year-old chairman and owner of the world's largest steelmaker Mittal Steel Co, expects to expand in China and India to meet surging demand for metal from their fast-grow-ing economies.
      Bloomberg; BLOOMBERG  -  555 words
    • 384 17 Bloomberg [YUZHNO-SAKHALINSK] Indian companies may buy a stake in OAO Sibneft Russia's No 5 oil producer and increase spending on oil and gas projects in Russia to meet surging energy demand in the South Asian nation. Russia's Energy Minister Viktor Khristenko
      Bloomberg  -  384 words
    • 351 17 [SHANGHAI/NEW YORK] Two of China's largest manufacturers of DVD players have decided to make products that are compatible with a high-def-inition standard developed by Toshiba, the Financial Times reported yesterday. The decision provides a potential lift to the Japanese company as it
      351 words
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  • ASIA-PACIFIC/WORLD
    • 402 18 Funds firm hopes to double Asia assets without China expansion [HONG KONG] Fidelity International, one of the world's biggest fund management groups, is planning to double its Asian assets under management to nearly US$lOO billion in the next five to 10 years, helped by
      AFP  -  402 words
    • 493 18 Reuters [HONG KONG/SEOUL] Goldman Sachs said it will buy 9.4 per cent of a holding company that will include Hana Bank and three affiliates, a move that will help South Korea's fourthlargest lender fund an expansion. Goldman will buy 13 million
      Reuters  -  493 words
    • 282 18 Reuters [BANGKOK] Thai Prime Minister Thaksin Shinawatra has fifeddfcvo defamation suits against frwfcd-turn-foe media tycoon Sondhi Limthongkul, demanding 500 million baht (5520.6 million) in compensation, a court official said yesterday. The dvil and criminal cases filed separately on Friday accused Mr Sondhi. his
      Reuters  -  282 words
    • 286 18 NYT [SHANGHAI] Kai-Fu Lee. Google's new man in China, is fresh from what appears to have been a court victory over Microsoft. And he is already talking about his plans to set up Google's research and development centre in this country. "Primarily, we're
      NYT  -  286 words
    • WORLD WATCH
      • 113 18 Reuters [LONDON] Rupert Murdoch's News Corp said yesterday it had sold its TSL Education Ltd division, which includes The Times Educational Supplement, to Exponent Private Equity for £235 million (*****.4 million). The deal, which has been conducted through UK subsidiary News International, is the
        Reuters  -  113 words
      • 99 18 Bloomberg [TOKYO] Heisen Denden Co, a Japanese provider of fixed-line and high-speed Internet services, submitted a court filing for bankruptcy protection to help pay 120 billion yen (Ssl.B billion) of debt. Heisen Denden is facing increased competition from rivals' price cuts, the
        Bloomberg  -  99 words
      • 103 18 AP [NEW YORK] US manufacturing activity expanded strongly in September, lifted by a surge in new orders that allowed the industrial sector to at least temporarily shake off the impact of Hurricane Katrina. The Institute for Supply Management said yesterday its manufacturing index advanced
        AP  -  103 words
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    • 187 18 E!BBHHHHiHnHHRRn||H|||||B Diners Club Card To apply, call 6416 0980 D A World of Exclusive Privileges Treats Diners Club wicuxcliners.com.Sff —JF lnternationaT Experience an irresistible brew of culture and cuisine at Si Chuan Dou Hua With the opening of a newly refurbished Si Chuan Dou Hua and its companion Tian Fu
      187 words
    • 64 18 MERITUS MANDARIN SINGAPORE BUFFET DINING AT ITS BEST Fresh oysters, delectable lobsters, ■^9 savoury honey-glazed ham, prime rib of beef and many more mouthwatering dishes to leave you HKj spoilt for choice. Reservations: 6931 6271/72 TRDTE3 HIS tw« •yjrji MERITUS MANDARIN A division of Overseas Union Enterprise Limited (Company Registration
      64 words

  • WORLD
    • 435 19 MERGERS ACQUISITIONS Move could spur consolidation talks among European telcos NYT [NEW YORK] Telefonica of Spain is in preliminary talks to acquire KPN of the Netherlands for about US$24 billion, in a transaction that could spark another round of consolidation in Europe's telecommunications
      NYT  -  435 words
    • 325 19 Reuters [LONDON] NTL Inc, Britain's biggest cable operator, has agreed to buy Telewest Global Inc for about US$6 billion, creating a larger rival for pay-television leader British Sky Broadcasting Group Pic. NTL will pay U5516.25 in cash and 0.115 of its
      Reuters  -  325 words
    • 418 19 AFP [LONDON] British health and beauty retailer Boots and pharmacy chain Alliance Unichem announced yesterday that they will merge, creating Europe's leading retail pharmacy business. The new group, to be called Alliance Boots, will have combined sales of over £13 billion (5538.6 billion),
      AFP; REUTERS  -  418 words
    • 306 19 Reuters [NEW YORK] NRG Energy Inc on Sunday said it will buy Texas Genco Holdings Inc for US$5.B billion in cash and stock, in a deal that would nearly double the merchant power producer's asset base and give it entry to the growing Texas wholesale
      Reuters  -  306 words
  • Page 19 Advertisements
    • 1349 19 I I V IKB in *V 3 I mmmm ELLIPSIZ LTD (Incorporated in the Republic of Singapore) Reg. No. *****8329R (the "Company") NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 10th Annual General Meeting of the Company will be held at 29 Woodlands Industrial Park El, Lobby
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  • AVIATION
    • 472 20 Jetstar is looking at a plan for an int'l carrier that can fly on holiday routes Bernama Reuters [MELBOURNE] Qantas is looking to expand its lowcost domestic carrier Jetstar into international markets, Qantas chief executive Geoff Dixon said at the weekend. Qantas and
      Bernama; Reuters; AFP  -  472 words
    • 264 20 Bloomberg [BANGKOKI Thai Airways International pel, the country's biggest airline, flew fewer passengers in August as travel demand fell on its Australia and US routes. The number of passengers in August fell 4.9 per cent from a year earlier to 1.59 million, according
      Bloomberg  -  264 words
    • 344 20 Airline is targeting a £300m reduction in labour costs Reuters [LONDON] British Airways (BA), Europe's third-largest airline, is eyeing a 15 per cent cut in staff over several years as part of its move into a single new terminal at London's Heathrow Airport,
      Reuters  -  344 words
    • 1451 20 PIT MB «TA WHWT HP ICjg 1025 SQ408 1855 DanpasarBall SQ141 1145 S0142 0935 7 7 —XF8068 2215 Sgj43 15;i| |640 I I U$70 2300 Dbafca SQ43S 0550 SQ436 2030 SQ229 2300 Doha QB626 1230 QW627 1910 AjSlw US 2255 D b- g735 EK405 0210 fr,
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  • Page 20 Advertisements
    • 201 20 BT Deal of the Week Exclusive Business Class Airfares with ZUJI k ABHHHHBPMBHSrdMMMIIVyGJPIi^VU WK>tD:teltWi AIRFARE HOTEL j WEATHER f Jakarta $427 $195 Garuda Indonesia Intercontinental Mid Plaza Jakarta Cloudy TOP 10 DESTINATIONS HOfH-»om$) WEATHER Bangkok $499 (Scandinavian Airlines) $277(Mamott Bangkok Resort and Spa) Ra n Shanghai $20« Shanghai Pudont* New
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  • Page 20 Miscellaneous
    • 198 20 CRYPTIC CROSSWORD measures velocity (11) of elegant (6,7) Across: 1 Desolation, 9 Flak, 10 V™" 15 Drug physician swallowed (8) Martial law, 11 Mahout, 12 Ad--2 Trademark of second class 17 Have confidence in the clean- dress, 15 Corn-cob, 16 Talon, 17 African currency (5) er treated properly (8) Acts,
      198 words

  • SHIPPING
    • 560 21  -  Move would spur other regions to set own rate structure, say critics By DONALD URQUHART (SlNGAPOßE] A controversial proposal for a new Asian wage standard for Asian seafarers manning more than 40 per cent of the global merchant fleet has stirred up the complex
      560 words
    • 82 21 [TAIWAN] Waves pound against the hull of a grounded freighter ship on the east central coast Sunday morning, from typhoon Longwangi Hualien. Taiwan. Longwang. Chinese for 'Dragon King', battered the island on Sunday with wind gusts of up to 227kph and torrential rains*, a disrupting air traffic
      82 words
    • 540 21 OSK posits privatisation, cash offer or share swop [KUALA LUMPUR] Speculation that Johor Port Bhd (JPB) may be either privatised or acquired by MMC Corp Bhd has resurfaced on Bursa Malaysia Bhd, prompting analysts like OSK Research to theorise that it makes sense now,
      540 words
    • 697 21  -  By DAVID HUGHES in London JAPANRSF shipowner Mitsui OSK Lines says it plans an aggressive expansion of its product tanker fleet, including introduction of the newest MR-type (45,000 dwt) vessels. A company statement said: "In the near future, MOL will assign personnel exclusively for
      FILE PHOTO  -  697 words
    • 303 21 SGX '000 Oct 3 SS Vol CH Offshore 0.41 0.01 1401 Chuan Hup 0.93 0.01 6750 Cosco Corporation 2.53 -0.01 2230 CWT Distribution 0.78 0.04 522 Ezra Hldgs 1.58 -0.04 3641 Freight Links 0.07 unch 98 Grand Banks Yacht 0.93 -0.02 15 Jaya Holdings 1.33 -0.01 1418 K1
      303 words
    • 531 21  -  By GEORGE JOSEPH [SINGAPORE] One of Singapore's earliest "foreign talents", M J Sayeed, the man credited with setting up national carrier Neptune Orient Lines, has died in Pakistan at the age of 95. The Pakistani master mariner, who at the age of
      531 words
    • 140 21 Xinhua [NAIROBI] Owners of the United Nations chartered aid ship seized three months ago by Somali pirates said yesterday the vessel has been set free and was destined for a safe port under friendly guard. Inayet Kudrati, director of the Motaku Shipping
      Xinhua  -  140 words

  • EDITORIAL & OPINION
    • 542 22 EDITORIAL EVFN though the Malaysian government again presented a deficit budget, for the eighth year in a row, some credit should be given to Prime Minister Abdullah Ahmad Badawi for sticking to the task of fiscal consolidation. Mr Abdullah's 2006 budget, tabled before Parliament last
      542 words
    • 787 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group AMERICANS are now supposedly discovering poverty for at least the fourth time since World War 11. The first occurred in 1962 when Michael Harrington's classic The Other America appeared. To a
      The Washington Post Writers Group  -  787 words
    • 1419 22  - CEOs must be prepared but for what? Ho Kwon Ping shares Seven Habits for a Highly Uncertain Chief Executive Officer By ANNA TEO HAVING been hit by one crisis after another in the last eight years, resort operator Banyan Tree Holdings is now preparing for a possible bird flu pandemic
      BANYAN TREE  -  1,419 words
    • 1216 23  -  Greenspan finally concedes that asset bubbles a direct outgrowth of Fed policy STEPHEN ROACH THE Maestro has dropped his baton. In a series of stunning about-faces, Federal Reserve chairman Alan Greenspan has just recast his perceptions of the critically important relationship between monetary policy and asset markets.
      REUTERS  -  1,216 words
    • 930 23  -  By S NARAYAN EARLY results of the Singapore-India Comprehensive Economic Cooperation Agreement (CECA) are already visible. On Sept 14, the chief minister of Tamil Nadu opened an IT park near Chennai, a joint venture between Ascendas and the Tamil Nadu Industrial Development
      930 words
    • 108 23  -  Foo Kok Jong Singapore I READ with interest your editorial, "Tailoring CPF members' pension needs" (BT, Sept 27). I have often wondered why the CPF Board has held back acceptance or implementation of a scheme often mooted that it farm out "X" millions to
      108 words
    • 721 23  -  LETTERS TO THE EDITOR Ho Swee Huat Singapore I REFER to your editorial, "Tailoring CPF members' pension needs" (BT, Sept 27). Unsatisfactory returns on invested CPF funds are by now well documented and the reasons well understood. Nonetheless, it is worthwhile to do
      721 words


  • 10138 24 SGX MAINBOARP 52 Wk Td Last Vol Day Last Quote GrOtv Div GrYld Net MCap High Low Code Company Sate fOOO) High Low »uyer S«l«l Cvt HI Sum 10 2 5716 1st Software 5c 3 unch 698 3 3 3 3.5 12.1 28.5 8.5 3148 8Tetecom US2c 9
    10,138 words
  • Page 24 Advertisements
    • 35 24 /7h //O .,kj /O f~ s~ r r f r :r*' ntyiilrt* xa c \"l w' ct 1 i i' t" r i* '.J■ trading. >- please ensue >.-• suitable for e/en e. City Index Asm INDEX
      35 words

  • 6413 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curt I* SS to US? *<»» %v» dy %yr %dy %w S*P» lnde« Change Change Change Change Chang« Change Work! Index Preliminary 9308 00 92 0.1 83 0.1 46 t tAFf Preliminary 911J -o.l 1/9 0.1 10.6 02 6.8 furope Preliminary
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  • Page 26 Advertisements
    • 1315 26 t NYK GROUP SOUTH ASIA PTE LTD l AM mjr TEL *****123 XV A JkIJNE tSsgzdf M 31m LINE Fax: 6292 2856 sates) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA V4 Si3> S/ TOKYO Sf**AKU KASHA. UO. (C/RNO: **********0E) n ct im *****000 SKMATOR (S.IJL) M« IM Main
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    • 724 26 [iHTIRAfIA IfflKO ffffWVKf vtssa/vor HSfm wshhd m km m aw jp SIUnSVBITUtt 70/05 IS U JO/W 02/1# 04/10 M/ 10 11/10 SUMlSVßflUttfl/QS IS U 13/10 14/10 20/10 23/10 25/10 stums ranutE 22/05 is 12 27/10 30/10 03/11 Q4/ii 01/11 IAUWMIMWBOtOWWICi 1 ygsa/voT I uffm mafffQl to sm m stp ml
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  • Page 27 Advertisements
    • 1247 27 www.hamburgsud.coni H UP ASIA SERVICE SIIHC 1 (EXPORT) ASIA SERVICE SUNG 2 (tXPOBT) Vws«l/VtY«i» SHOSAPORE PURIAN SEPtTIIA SANTOS ITAJAI PARANAGUA Vmml/Vw. SWGAPORE BUENOS AIRES RK> GRANDE SANTOS SEPtTWA Cap Bonavisto 504W 05/10 16/10 26/10 27/10 29/10 30/10 Won Hoi 262 101W 08/10 31/10 03/11 05/11 06/11 NYK Fantasia 010W 12/10
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    • 1098 27 VESSEL VOY S!H PGU HCM VESSEL VOY SIN PKG JKT CAPE SANTIAGO QO6N 5/10 4/10 8/10 k(X KUM»IA M ~W 11/16 14/10 GOLDEN GATE 514N 11/10 12/10 14/10 AO RAFFLESIA HQS 17/10 U/10 21/10 I GOLDEN TRADE 514N 18/10 19/10 21/10 ACX MAGNOLIA 096S 24/10 25/10 28/10 rasa _voy__pkG si!L_tto
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    • 868 27 m WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VKSfI VOT S» P-KLAMg|cOIOIMO It SHIVA COiOIUO SmL=S:®nfe=gfi=nifc=ffi= iajiv uwdhi JUBZKL 18QCI IFQfI won ?son 2LQQ kotakitama ypmq2s 2400 ?son ana 31 on oawov ALSO ACC7TMC fa TO COOW. TUTKORM (VU COUMK) AND KANOLA I GO*
      868 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7451 28 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advert iter Vessel Voyage Telephone SIN Oest'n Name Name Number Number SM Desfn Nana Name MemberMember 18/10 10/11 China Shpg CMACGMKOMOOO SX179W *****898 To ABIDJAN (ABJ) 2003 Cote D'lvoire 24/10 16/11 SenatorL C0SC0 HAMBURG CHAM *****750
      7,451 words
  • Page 28 Advertisements
    • 775 28 VUU\# WALLENIUS WILHELMSEN website: http://www.2wglobal.com VtSStl I VOY RAMP IBC MAO HOU« MIA SAV »AL ORF NYC NEW MOB VMO AFS27 420Tms 6.4 M I 06/10 30/10 OS/11 12/11 17/111 15/11 TALAIOT AFSS2 400Tms 6.3 M I 15/10 09/11 18/11 22/11 25/11 25/11 TAIISMAN Afs2B 320Ta«t 6.4 M 28/10 20/11
      775 words
    • 505 28 ViSStl VOY SjN ECU VtSStl VOT «N JUT PAC lAN DA 157JM 04/10 04/10 PACIAU 4114 ~057i0 06/10 lANDA LSZ2N 05/10 06/10 -Mm* |fi| sg4| U42 St 2301 o]B2f_ 06Z10 07/10 Kg Ml HBB SB Btt- —SS —Btt—M«— MB. jjjj —%rt air 15 Ixl gs 1 i If:l k I
      505 words
    • 390 28 BSA a MYANMA ffl FIVE STAR UNE (Mvommt National line) Loading for Ym|or VEssa vor sin pki pi* pgu PAGAN saw SID PAGAN 349W SID IN MAUYSIA: lOUSTIAD SHIPPING AGENCIES KUI/PKL 03-300 SI Ml POI: 04-*****1S j^fassaam ACCEPTIHB COWVEMTIOIIAL CBO VESSa VOY HKG SM PGU PKI UIC Ptmass 75 SU>
      390 words


  • PROPERTY
    • 498 30  -  Plan is to revelop off-Shenton Way site into 35-storey residential project By KALPANA RASHIWALA ANOTHER old office block i tljrtl Central Business Disici appears to be slated for edevelopment into residences. Boutique property group BS Capital has clinched HMC Building in
      FILE PHOTO  -  498 words
    • 250 30  -  By ALEXANDRA HO ASCENDAS yesterday announced a tie-up with listed Malaysian financial services firm OSK Holdings to explore setting up a Malaysian Real Estate Investment Trust (Reit). Ascendas, which launched Singapore's first business space trust, Ascendas Real Estate Investment Trust (A-Reit),
      250 words
    • 283 30 RETAIL rents are likely to rise modestly in the short term, fuelled by limited new supply and more betterpositioned malls, says property consultancy DTZ Debenham Tie Leung in its third-quarter report on the local property market. But with new, betterquality space on
      FILE PHOTO  -  283 words
  • Page 30 Advertisements
    • 115 30 li_ I 9 Site Details Legal Description Site Area WATERFRONT VIEW Pl A Lot 6,82W MK2B 35,296.4 sq m i»u.4 M sbM*"- SC Plot B Lot6lB3V MK2B 39,865.75qm hL, A i Ml up,x I TmpinM I Building Height Control: Subject to Evaluation uh u RwM>rvotr /ywi- m 99-Year Leasehold Tenure
      115 words
    • 42 30 4 Buildings •Tenure: 60 years w.e.f. 1969 One single-storey building One 2-storey building Cround nt Two 3-storey buildings u "y Air-Conditioned Land Area 261,400 sq'ft Ample Car Paricing lots CFA 304,700 sq ft Within Toa Payoh Housing Estate For enquiries, please contact:
      42 words
    • 168 30 FACTORY IN JOO KOON VICINITY FOR SALE Single-storey purpose-built factory with a 2-storey office building Tenure: 37 years remaining Land Area: Approx. 14X100 sqm GFA: Approx. 4,700 sqm Sol* MarimNng Ag*nt Bernard Goh: 6326-1232 9760-9252 CBRE 6Battefyßoad#32^)lSjngaporM>499o^^^^^^^^^^c^)c«^^^s UCTrUTC Large Freehold Residential nLiOn ID Site-Upper Vidnity W Bfl Suzie Mok 6876
      168 words