The Business Times, 11 November 2005

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Total Pages: 34
1 34 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 089/03/2005 Friday, November 11,2005
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  • 543 1  -  Deal triggers general offer at 65 cents a share, an 18% premium By SHOEB KAGDA in Jakarta INDONESIA'S once-power-ful Salim Group will buy 40 per cent of Singapore-listed food manufacturer and distributor Del Monte Pacific through a Hong Kong-listed vehicle called First
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  • 136 1 STI 2,258.25 (-12.08) ST INDEX FUTURES 2.257.00 (-12.00) SIMSCI 266.85 (-1.89) SIMSCI FUTURES 266.60 (-1.00) MARKETS Thursday Change KLSECOMP 901.09 -5.46 NIKKEI 225 14,080.88 +8.68 HANG SENG 14,633.33 +35.78 SET INDEX MM4 -2.41 JAKARTA COMP 1,043.70 -9.12 MANILA COMP 2,099.14 +1.84 SEOUL COMP 1,234.43 +6.84 SHENZHEN B 195.07
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  • 675 1  -  By KALPANA RASHIWALA, SIOW LI SEN [SINGAPORE] As the July 2006 deadline nears for banks to divest their stakes in non-financial businesses, OCBC group could be getting ready to launch a sale of its stake in retailer Robinson and sources say Credit Suisse
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  • TOP STORIES
    • 714 2  -  It's mulling special dividend, capital reduction to yield optimum structure By ANGELA TAN Singapore Telecom yesterday unveiled a bigger-than-expected rise in second-quarter net profit strong Asian mobile growth outweighed a weaker Australian market. But chief executive Lee Hsien Yang said
      FILE PHOTO  -  714 words
    • 65 2 IN the "Trades To Watch" column of Nov 9, we said the prices at which Raffles Holdings directors Liew Mun Leong and Chew Gek Khim exercised their share options were not stated in the notice to the Singapore Exchange. This was incorrect. The filing showed that Mr Liew and
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    • 554 2 Bubble is in oil prices, not US housing: Steve Forbes STEVE Forbes, editor-in-chief of Forbes magazine and well-known commentator on US business and public policy believes that there is no housing bubble in the US right now. Rather, the bubble is in oil prices which he thinks will
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    • 941 3  -  He expects oil to go down to US$35-40 a barrel or even lower By NANDE KHIN [SINGAPORE] There is no housing bubble in the US; the real bubble is in oil prices, said Steve Forbes, president and chief executive of
      CHRIS LOH  -  941 words
    • 502 3  -  By RONNIE LIM [SINGAPORE] Singapore's plan to trade liquefied natural gas (LNG) over and above importing it as an additional fuel for power stations is not feasible, says Honolulu-based energy consultancy Facts Inc. Singapore'should stick to importing LNG for domestic use,
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  • Page 2 Advertisements
    • 99 2 MORE REPORTS, PG 4 Sing Tel still keen on regional investments Credit risks rising for Asian telcos Optus faces maturing pains I cities th day th month M ii II X xV >< r v X jT^iwrr v /"X v 7 1 Mb rj> IBHVIMI II Mainland offices: 1 Wi
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    • 400 2 additional run Fixed Income Capital Market Products Bonds and Notes Dates The evolution of pedestrian bond structures into more fanciful structures and 12-13 December 2005 hybrid securities, designed to entice investors and issuers alike, continues in 9.00 am to 5.00pm response to market perceptions and needs. To make sense of
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 382 4  -  Operators may need to strengthen financial profiles, it says Reports by ANGELA TAN ASIAN telcos face heightened credit risks amid stronger competition, advancing technology, high penetration rates and regulatory uncertainty, says Fitch Ratings. In a report released yesterday, Asian Telecoms: A Study In
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    • 365 4 SINGAPORE Telecom remains keen on investing in fast-growing regional mobile operators, despite failing in its bid to buy 26 per cent of Pakistan Telecommunication Co Ltd (PCTL). "It is not clear what the situation is and why things have developed the way they have,"
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    • 584 4  -  HOCK LOCK SIEW By ANGELA TAN IT LOOKED like a good idea at the time, and might still prove to be so. More than four years ago, Singapore Telecom put a Asl3 billion (Ssl6 billion) bet on Cable Wireless Optus. Equipped with deep pockets, Sing Tel
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    • 555 5  -  Some fees more than doubled, market watchers question timing By LESLIE YEE THE Singapore Exchange (SGX) is doubling initial listing fees for mainboardlisted equities and more than doubling their annual listing fees and has run into criticism over the timing. It announced yesterday that it will
      555 words
    • 286 5  -  By RONNIE LIM OILFIELD operator Sky China Petroleum Services whose initial public offering of 94.2 million shares was three times subscribed saw active trading on the stock's debut yesterday. Almost 70 million shares were traded, with the shares closing at 32
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    • 528 5  -  HK-listed vehicle to buy about 40% of Del Monte Pacific By CONRAD RAJ THE proposal by the oncemighty Salim Group of Indonesia to buy a controlling stake in Singapore-listed Del Monte Pacific represents one of its biggest corporate deals in Singapore since 1990.
      FILE PHOTO  -  528 words
    • 496 6  -  CORPORATE RESULTS China and S'pore activities help boost revenue by 143% By WONG WEI KONG WATER treatment specialist Hyflux yesterday reported a sharp jump in revenue and earnings for the third quarter as sales increased in China and Singapore. For the three months ended Sept 30,
      FILE PHOTO  -  496 words
    • 296 6  -  By WONG WEI KONG LEATHER tanner and sofa manufacturer HTL International Holdings has reported a 30.7 per cent rise in third-quarter net profit to $13.1 million as margins improved through greater efficiency. Revenue rose 23.5 per cent year-on-year to 151.2 million for the
      296 words
    • EARNINGS ROUNDUP
      • 48 6 ECS Holdings has posted a 20.3 per cent rise in net profit to $4.5 million for the third quarter ended Sept 30 as the company's shift of focus to the higher-margin enterprise systems segment paid off. Revenue rose 9.3 per cent to $511.2 million.
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      • 37 6 FRONTLINE Technologies Corporation's net profit jumped 20.1 per cent to $2.53 million for its first half year ended Sept 30. This came as revenue rose 11.3 per cent to $73.7 million from $66.2 million.
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      • 61 6 INFORMATICS Holdings has slashed its net losses for its second quarter ended Sept 30 by 86 per cent to $3.8 million, thanks largely to savings in operating expenses and to one-time charges taken up in the earlier quarter. But its operating revenue dropped 14 per cent to
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      • 74 6 THAKRAL Corporation tumbled to a $28.1 million loss in the September quarter this year, from a $4.14 million profit last year. Revenues slipped 21 per cent to $105.8 million. Thakral blamed the poorer performance on reduced margins and slower sales of consumer electronics from heavy competition,
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      • 84 6 Reuters FORTUNE Real Estate Investment Trust (Reit), a property trust controlled by tycoon Li Ka-Shing, posted a 75 per cent rise in quarterly distributable net income to HK566.14 million (5514.5 million) as its portfolio of Hong Kong malls expanded. The trust is paying unit-holders HK$O.OB2 per unit
        Reuters  -  84 words
      • 65 6 TOTAL Automation Ltd, a world-class engineering control and instrumentation specialist, reported a 34.2 per cent increase in net profit in the third quarter ended September 2005. Net profit rose to $3.28 million from $2.44 million in the corresponding period a year ago. Revenue was also up 4.3
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      • 42 6 ENGWah Organization Ltd posted a 2 per cent year-on-year dip in net profit for the half-year ended September 2005. Net profit fell to $1.57 million from $1.59 million. Turnover also saw al2 per cent drop to $10 million.
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      • 67 6 Reuters MID-sized Singapore property group, MCL said its third-quarter net profit surged to US$l3.4 million from a revised U*****,000 a year ago, boosted by a write-back in provisions and strong home sales. MCL Land, which is the property arm of automobile dealer Jardine Cycle and Carriage, said
        Reuters  -  67 words
      • 51 6 VICOM Ltd's stronger vehicle inspection business offset its weaker assessment activities to boost net profit by $0.3 million, or 15.9 per cent, to $2.4 million for the third quarter ended Sept 30. Total revenue for the third quarter rose $1.6 million, or 13.2 per cent, to $13.3
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      • 70 6 THE Hour Glass reported a 34.2 per cent year-on-year gain in profit to $4.9 million for the half year ended Sept 30. The jump in profit attributable to shareholders came as the group's revenue rose 8 per cent, to $161.5 million. The improvement was due to
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      • 86 6 JAYA Holdings Ltd, a builder and charterer of offshore support vessels, posted a 68 per cent jump in net profits for the first quarter ended Sept 30. The group saw net profit rise to $22.4 million from $13.3 million in the same period last year on the
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  • Page 4 Advertisements
    • 332 4 r jw ID /v y* M JhO<lAi» V *!%■Jflb7 I Ar M^Km (Company Registration No. *****1873E) r 1 (incorporated in the Republic of Singapore on 16 September 2004) fl IE It J lIP We provide software solutions and content-reiatedimkes for value added J services in mobile telecommunications J Based in
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  • Page 5 Advertisements
    • 103 5 1 STRATEGY i GLOBAL A management innovator "without peer". v leading strategy Fortune presents his acclaimed seminar Revolution, Renewal Resilience Building organisations that thrive in turbulent times. Organised by: 1 i global 18 November 2005 supporting Singapore, Pan Pacific orga sation 0900-1630 your frame core you never knew you everyday
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  • Page 6 Advertisements
    • 87 6 Thankfully you're doing business at Crowne Plaza. As part of a team that understands your meeting needs, your Crowne Meetings Director has the experience to help you make it happen. Which is why The Place To Meet is Crowne Plaza. CROWNE PLAZA' For reservations, visit www.crowneplaza.com or call toll free
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  • Page 7 Advertisements
    • 1340 7 !Ktc uakier 05 |9Er» noble iljßr qrouD Managing the global supply chain I FINANCIAL HIGHLIGHTS (Incorporated in Bermuda with limited liability) 9 months 2005 vs. 9 months 2004 Turnover Annualized return on average Net profit for increased by shareholders' equity for 9 months 2005 9 months 2005 was 42% 36%
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  • SINGAPORE MARKETS
    • 492 8  -  STOCKS ST Index displays down-up-down pattern, in line with traders' strategy played out over the past month R SIVANITHY Senior Correspondent IN a market driven mainly by day traders and proprietary desks, it's perhaps not surprising that the preferred strategy these days is to short the main
      Source: Bloomberg  -  492 words
    • TRADES TO WATCH
      • 391 8 CYBERLINK Capital Corporation has ceased to be a substantial shareholder of Airocean Group, after it pared its stake to below the 5 per cent mark. Cyberlink cut its stake in Airocean through a series of open-market transactions, at undisclosed prices, on Nov 8
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      • 151 8  -  Compiled by MICHELLE QUAH SOILBUILD Group Holdings' managing director Lim Chap Huat saw his deemed interest in the company increase after his private vehicle, CHL Holdings, bought Soilbuild shares. CHL bought 121,000 shares on the open market on Tuesday, at an average
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    • Article, Illustration
      421 8 OTHER SINGAPORE INDICES Nov 10 VALUE CLOSE BT OB/OS 55.00 -77.00 BTCAPI -*****.00 -59.00 BT 10-day MA -*****.00 +6.00 All-SG Equities 579.22 -2.69 SG Equities Elect 121.31 -0.55 SG Equities Fin 1671.41 +1.97 SG Equities Prop 706.88 -2.46 SIMSCt 266.85 -1.89 SiMSCI Futures 266.60 -1.00 MOST ACTIVE STOCKS VOLUME Sky
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    • Article, Illustration
      914 8  -  Compiled by UMA SHANKARI Capita Land Nov 10 dose: 553.40 KIM ENG RESEARCH, Nov 10 CAPITALAND is scheduled to announce its 3Q05 results on Monday. We expect Q3 net profit of Ss3Bo million, up from Ss72 million in Q2 and Ss74 million a year ago, as it accounts
      Source: Bloomberg  -  914 words
    • 531 8  -  CURRENCIES LARRY WEE Senior Correspondent GOLD topped all gains versus the US dollar in Asia yesterday but the Australian dollar was bogged down by a poor jobs number, as the greenback mostly languished in sideways trading ahead of US trade stats for September due
      Source: Reuters  -  531 words

  • Page 9 Advertisements
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  • COMPANY NEWS
    • 430 10  -  About-turn from earlier indications that he will plead guilty to charges By MICHELLE QUAH CHINA Aviation Oil's finance head Peter Lim the only Singaporean to be charged over the company's financial scandal is looking to claim trial, despite earlier indications that he had
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    • 390 10  -  Company soothes market spooked by shares placed out By VEN SREENIVASAN AIROCEAN Group yesterday clarified that the 3.3 million shares in the company that its chief executive, Thomas Tay, placed out were taken up by its chief operating officer, Johnson Chong. The company disclosed
      FILE PHOTO  -  390 words
    • COMPANY BRIEFS
      • 72 10 REAL estate investment trust Mapletree Logistics' placement of 48.3 million units was 2.4 times oversubscribed at $1.02 per unit, the top end of its $1.00-1.02 placement price range. Of the $49.3 million placement proceeds, $37.8 million will be used to finance the purchase of three
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      • 95 10 THAKRAL Corp has proposed a renounceable rights issues of shares and convertible bonds to raise up to $67 million to help it diversify into new business sectors including property-related activities in Asia. It is offering one rights share at an issue price of eight cents
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      • 47 10 LINAIR Technologies has exercised its option to buy the remaining 30 per cent stake of Linair Technologies (Taiwan) Co at $60,000, and the relevant authority in Taiwan has granted approval. Linair Taiwan will now be fully owned by Linair Technologies.
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      • 56 10 UNITED Industrial Corp says joint-venture company Brendale, in which it has a 35 per cent stake, has completed its purchase of the Maryland Park property at Amber Gardens for $236.5 million. The other joint owners of Brendale are Singapore Land (35 per cent) and
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  • Page 10 Advertisements
    • 243 10 u v :.-.-.4-• '*\~t'- J- r-*: 4 '.< 8 flMefe hsz&sJ* °M V 's 11 y* v t 4 4 v* <t 74 <yg 'v v '< '< t .JUf's I'J |-.4* > < >>'-', $fs s If < jfa CRAIG TEBEL MARTINE SITBON SHEKHAR KAPUR MALCOLM MCLAREN THAM KHAI
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    • 116 10 FISH FOR THOUGHT i > I o mra. boss just got another new boat O q mrs a. dont even think about it. >0 jl I boss ha, got the 4 seater for less than $20k .J V. 4m Q mrs b I think he is more happy these days
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  • Page 11 Advertisements
    • 77 11 The most successful millionaires in the region are now at Sentosa The Forbes Asia Best Under a Billion event is being held on Sentosa this year. The prestigious annual event honours 200 of the region's most successful small and medium businesses. The invitees will participate in the Forbes Sentosa Cup
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  • SINGAPORE NEWS
    • 302 12 Insurer targetting expats, frequent travellers SIX years after it began negotiations with the Monetary Authority of Singapore, Zurich International Life at last launched its operations here yesterday. The offshore insurer targets expatriates and globe-trotters who flit from one country to another, but who
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    • 312 12  -  Units in Wing Tai project sold mostly to foreign buyers By KALPANA RASHIWALA WING Tai has been quietly selling its Draycott 8 condo over the past two weeks to invited buyers, sources say. Market watchers say prices for the development in the Draycott/Ardmore
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    • 589 12  -  S'pore investors will find the country more attractive, says PM By CHUANG PECK MING BELGIUM, the land of chocolates and beer, is keen to attract Singapore investments and it is seeking a double-taxation treaty with Singapore to boost its efforts, Belgian Prime Minister Guy
      ARTHUR LEE  -  589 words
    • 459 12  -  By ALEXANDRA HO NEXT year, Singaporeans might have one more jeweller to choose their bling from Luk Fook Holdings International, one of Hong Kong's top jewellery chains. The company, which also manufactures and exports jewellery, is eyeing the Singapore and Malaysia markets as part
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    • 301 12  -  By UMA SHANKARI INDIAN law firm Nishith Desai Associates has set up an office in Singapore, the first Indian law firm to do so. The firm, which specialises in research-based legal and tax counselling, also has a presence in Mumbai and Bangalore in
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    • NEWS ROUNDUP
      • 89 12 TWFNTY local food and beverage firms including Tee Yih Jia and KongGuan have signed up to carry the "Tasty Singapore" brand mark on their export products, so as to promote the quality and safety of locally produced food§. This is part of a branding initiative by
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      • 65 12 THIS year's Wine for Asia exhibition, which showcases some 10,000 wine labels and 50,000 bottles from all over the world, is now on at the Singapore Expo. Apart from labels from traditional wine producers, wines from countries such as Bulgaria, China and Ireland are also available
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  • Page 12 Advertisements
    • 140 12 NEW ZEALAND NEW OPPORTUNITIES RELOCATION SEMINAR Clean, green and "100% pure". But so much more. Myer Lipschitz of Protea Pacific Ltd will be giving a seminar on Saturday, 12th November at 11.00 a.m. at the Orchard Hotel, 442 Orchard Road. Seminar cost is Ss2o per person/couple which includes a DVD
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  • Page 13 Advertisements
    • 230 13 <* jrb' J ■r II KfeMl^tei. ig# -I v' i J9| inll v I <? wrilr^B JH| 4"« W < r 1 wiKs^M jfl Hf B|r fl Bp 1 p. IPi? pp| jB j^^Bp fßr 'TBt «HBHHPr si mf/ntf P* mIP If W -;1pTurf Club Charity Raceday is a very
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  • Page 14 Advertisements
    • 1730 14 MM MCompany Registration No. *****0219E mOM IDT HOLDINGS (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore with limited liability) IDT HOLDINGS (SINGAPORE) LIMITED is an investment holding company whose subsidiaries are engaged in the designing, engineering, manufacturing and marketing of consumer electronic products which principally feature LCD and microprocessor applications.
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    • 2772 14 >AT^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT f IND IT \4 VICPLAS VICPLAS INTERNATIONAL LTD (Incorporated in the Republic of Singapore) Company Registration No *****5362R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held
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    • 996 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DREAM COMMUNICATIONS PTE. LTD. Co. Reg. No. *****3723Z (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 28b Murray Street #OFF-C
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  • ECONOMY WATCH
    • 545 15 LATEST US DATA It jumps to US$66.1b; deficit with China surges 8.9% to US$20.1b AP [WASHINGTON] The United States trade deficit soared to a record in September as the US Gulf Coast hurricanes helped push America's foreign oil bill to an all-time high. The
      AP  -  545 words
    • 438 15 Reuters [BEIJING] China will not again adjust the yuan exchange rate as it did in July, and will instead let market forces play a main role in setting its value, deputy central bank chief Xiang Junbo was quoted yesterday as saying. Chinese officials
      Reuters; FILE PHOTO  -  438 words
    • 296 15 AP [SHANGHAI] China's trade surplus surged to US$l2 billion in October, the highest monthly total this year, as exports continued to outpace imports, the government reported yesterday. For the first 10 months of the year, China's global trade gap totalled US$BO.4 billion, already more
      AP  -  296 words
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  • MALAYSIA/INDONESIA
    • 662 16  -  Domestic funds said to be gearing up to invest part of their funds abroad By PAULINE NG in Kuala Lumpur A FLIGHT of capital to stronger markets is threatening the Malaysian stock market with a further downturn. The Kuals Lumpur market,
      Source: Bloomberg  -  662 words
    • 114 16 Reuters [KUALA LUMPUR] Malaysia's secondlargest lender, Bumiputra-Commerce Holdings Bhd (BCHB), was not the buyer of a minority stake in takeover target Southern Bank Bhd on Wednesday, top Bumiputra-Commerce executive Nazir Razak said yesterday. Singapore investment agency Temasek Holdings cut its stake in
      Reuters  -  114 words
    • 274 16 Reuters [JAKARTA] Indonesia's largest telecommunications company, PT Telekomunikasi Indonesia (Telkom), plans to spend 12 trillion rupiah (Ss2 billion) on capital expenditure in 2006, its president director said yesterday. The biggest company on the Jakarta Stock Exchange also planned to cut its debt from
      Reuters  -  274 words
    • 4962 16 UNIT TRUSTS FUNDS ■VnTrXFTTfTTMHHHHHii Citi Money Sing Dollar Class I *****/ Citi Pan-Europe Equity Fund 1.29/ ami imrn i„rt Mot i"„nrr) CitiSelect Asia Tilt Balanced 1.46/ ""!**«(><*.) no*., CitiSelect Asa Tilt Growth 143/ Star Europe Eqty 0341 CitiSetect Asia Tilt EnhGr* 136/ s£ ZS£F 12* CmSekcOoMGrow* 11* Europe Bal 12*
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  • Page 16 Advertisements

  • GREATER CHINA
    • 477 17 DBS, Citigroup among 4 banks likely to submit offers this week Reuters [SHANGHAI! Four global banks including Citigroup which are bidding separately for part of China's ailing Guangdong Bank will submit their final offers this week, sources involved in or close to the deal
      Reuters; BLOOMBERG  -  477 words
    • 283 17 [LONDON] Lloyd's gained a foothold in one of the world's fastest growing insurance markets yesterday after it was granted permission to establish a reinsurance company in China, according to the Financial Times. The announcement was made by Hu Jintao, the Chinese premier, during his state visit
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    • 2399 17 vol General Corp 0.40 unch 28 Mo 1 Ml *h r-0) Genting .20.50 -0 40 793 George Kent .0.59 0.01 12 ASM Realty 1.54 -0.02 11 GHL Systems .0.11 0.01 446 J- 29 01 20 Globetronia Tech 0.27 -0.01 1226ACP Industries 0.64 0.01 3 GlomacBhd 1.19 -002 98
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    • 316 17 Reuters [SHANGHAI] China's national welfare fund has applied to the State Council, the Cabinet, for final approval to invest outside mainland China and expects to get the green light soon, state media reported yesterday. The National Social Security Fund, whose total assets reached
      Reuters  -  316 words
    • 145 17 Reuters [HONG KONG] China Construction Bank Corp said yesterday it would issue another 3.97 billion H-shares to cover an over-allocation of shares in its recent IPO, raising a further HK$9.l billion (Ss2 billion) in net proceeds. CCB, the first of China's "Big Four"
      Reuters  -  145 words
    • 271 17 Bloomberg [SYDNEY] Spark Infrastructure Fund, an Australian power distributor partly owned by Cheung Kong Infrastructure Holdings Ltd, plans to raise Asl.B billion (552.3 billion) in an initial share offer to fund expansion. Spark will sell shares at between Asl.Bo and
      Bloomberg  -  271 words
  • Page 17 Advertisements
    • 376 17 Fount the stock market This is much bigger! New opportunity in $1.9 trillion currency market can help you increase your wealth ihis is an Attend my FREE, two-hour, educational "opportunity workshop and live demonstration of that enables 4X Made Easy® where you'll: anyone -no witness the great profit possibilities of
      376 words

  • INDIA
    • 514 18 They are allowed to invest in asset reconstruction companies Economic Times [NEW DELHI] Foreign investors will be allowed to buy bad loans lying in the books of Indian banks and financial institutions (Fls). Such transactions in sticky assets which have flourished in markets
      Economic Times  -  514 words
    • 383 18 AP, Bloomberg [NEW DELHI] The United States and India are making "excellent" progress in talks on economic cooperation, US Treasury Secretary John Snow said on Wednesday as he pressed India to further open its banking and insurance industries to foreign investment. Mr Snow
      AP,; Bloomberg; AFP  -  383 words
    • 426 18 Bloomberg [MELBOURNE] Blue Scope Steel Ltd, Australia's largest steelmaker, plans to spend a total of A 5277.5 million (*****.5 million) building plants in India and Indonesia to tap growing demand for the alloy in Asia. The company will build a A 5265 million steel-coat-ing and
      Bloomberg  -  426 words
    • BRIEFLY ASIA
      • 56 18 Reuters I ASTAN A, Kazakhstan] Kazakhstan has approved the US$4.2 billion takeover of oil producer and refiner PetroKazakhstan by China's state-owned oil firm CNPC. "The president expressed his support for CNPC's takeover of PetroKazakhstan," CNPC president Chen Geng told journalists yesterday after meeting Kazakh President Nursultan
        Reuters  -  56 words
      • 81 18 Reuters [BEIJING] China has discovered two new outbreaks of the deadly HSNI strain of bird flu in poultry in the north-east, taking the total number of outbreaks to six since the beginning of last month, Chinese media said yesterday. Xinhua news agency said
        Reuters  -  81 words
      • 79 18 Bloomberg [KUAIA LUMPUR] Bumiputra-Commerce Holdings Bhd and CIMB Bhd, its investment bank unit, will collaborate with a development bank to help bolster funding to small and medium-sized businesses. Bumiputra-Commerce and CIMB signed a preliminary agreement with SME Bank Bhd yesterday. "The alliance is intended to
        Bloomberg  -  79 words
  • Page 18 Advertisements
    • 144 18 Glory after the sweat. Now's the time to honour the super achievers of the business world. We invite you to Businessman the Year Presented to the most deserving for corporate He or she has shown exemplary has extraordinary business Enterprise Award Presented to the small or medium-sized company that has
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  • ASIA-PACIFIC/WORLD
    • 371 19  -  Round-the-World Yacht Race. Leg 2, Race 3, Day 16 Al R Dizon UNIQUELY Singapore and the Westernaustralia continued their head to head duel yesterday evening in the 16th day of the Salvador to Durban leg of the Round the World Yacht Race, with the little red boat from
      371 words
    • 547 19 Memo warns of threat to Windows, Office franchises [SAN FRANCISCO] Microsoft must fundamentally alter its business or face being at a significant competitive disadvantage to a growing array of companies offering Internet services, according to memorandums written by two of the company's top executives. Last week,
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    • 605 19 Blasts at three hotels kill 57 people, attacks linked to Iraq war AP. Reuters, AFP [AMMAN, Jordan] An AlQaeda group yesterday claimed responsibility for bombings that ripped through luxury hotels in Jordan's capital and killed 57 people, linking the blasts to the war in Iraq and
      AP.; Reuters,; AFP  -  605 words
    • 130 19 SINGAPORE yesterday expressed shock and dismay over the terrorist attacks in Amman. Noting that one of the attacks occurred during a wedding party, the Ministry of Foreign Affairs said that the attackers showed a callous disregard for human life by deliberately targeting innocent civilians in such a
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    • 159 19 AP [GENEVA] Fighting the deadly HSNI bird flu virus in poultry and preparing for the next human flu pandemic will cost about US$l.5 billion over the next three years, excluding the cost of stockpiling anti-flu drugs, experts said. The figure includes a US$l billion
      AP  -  159 words
  • Page 19 Advertisements
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    • 966 19 >AT^ NOTICES BUV IT Sill IT I IMP IT 1/ Jzfße yonics Technology Limited (Incorporated in the Republic of Singapore) Company Registration No. *****8168G NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of the Company will be held at 30 Marsiling Industrial Estate Road 8, Singapore *****3 on
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  • AVIATION
    • 367 20  -  Engine powers the 2 Airbus 380s undergoing global flight tests By VEN SREENIVASAN [SINGAPORE] While Airbus basks in all the attention of the historic touchdown of its giant A3BO in Changi today, engine-maker RollsRoyce will quietly celebrate the first flight of the Trent
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    • 505 20 Reuters [STOCKHOLM] Scandinavian airline SAS posted third-quarter earnings below expectations on Tuesday but stuck to its forecast of a return to full-year profit this year after four years of losses. It also said it saw the first signs that capacity pressure in the industry
      Reuters  -  505 words
    • LOG BOOK
      • 63 20 AFP (SINGAPORE] Singapore Airlines (SIA) is considering buying more aircraft and is evaluating proposals from Boeing and Airbus. "We are reviewing proposals submitted by Boeing and Airbus," a company spokesman told AFP yesterday but declined to give more details. The Asian Wall Street Journal
        AFP  -  63 words
      • 36 20 Reuters (LONDON] British Airways said yesterday it had sold its interests in London's popular tourist attraction, the Eye, to The Tussauds Group. BA will get £95 million (Ss2B2 million).
        Reuters  -  36 words
      • 46 20 Reuters [HELSINKI] Finland's national carrier Finnair reports consensus-beating third-quarter pretax profits, driven by improved demand and cost cuts, and expects a clear operating profit for 2005. Its July-September profit after financial items more than doubled to 36.2 million euros (Ss72 million)
        Reuters  -  46 words
    • 378 20 Bloomberg (LONDON] Deutsche Post AG, Europe's biggest postal service, said third-quarter profit more than doubled as it saved money at new divisions and handled more packages and freight. Net income rose to 405 million euros (SsBlo million) from 169 million euros a
      Bloomberg; AFP  -  378 words
    • 575 20 Company set on improving figures through cost cuts Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe's second-largest airline, reported third-quarter earnings before interest, taxes and one-time items which were less than analysts expected. Net income rose to 416 million euros (SsB32 million) from 125 million euros a
      Bloomberg  -  575 words
    • 262 20 AFP [ZURICH] Swiss International Air Lines reported a 50-per-cent drop in its third-quarter net profit yesterday, warning that high fuel prices and low fares were hampering its turnaround under the wing of new owner Lufthansa. Swiss said in a statement that
      AFP  -  262 words
    • 1032 20 CUT FUGHT ETA FUGMT ETD SQ147 2235 A***** 192S AWirn- w in mm a50 MM A<M.d. ££JMj j||| ggj Doh. <*626 1210 ggg$ nil Rsa —i "a11 111 gng jl? 30 lis? fmfcoii MFB53 2300 MF854 0645 l«5 H ,i5iKit W li i W i g|
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  • SHIPPING
    • 656 21 Billions of dollars in unregulated fishing could be cloaked by the practice: report AP [GENEVA] The practice of countries "selling their flags" to ship owners from other nations is providing a cloak for illegal fishing operations, human rights abuse and .possibly billions
      AP  -  656 words
    • 378 21 Bloomberg [SINGAPORE] Neptune Orient Lines and 11 of the largest shipping companies plying the Pacific Ocean said costs of moving cargo to the US in 2006 will rise 7 per cent on higher fuel prices, which may spur them to raise
      Bloomberg  -  378 words
    • 171 21 Reuters (FRANKFURT] Europe's biggest tourism firm, TUI, reported a 6.3 per cent rise in core profit yesterday and said that it was sticking to its forecasts for 2005 tourism profit growth and flat earnings from shipping. Earnings before tax and amortisation (EBTA) adjusted for one-time
      Reuters  -  171 words
    • 290 21 SGX '000 Nov 10 S$ *1- Vol CH Offshore 0.37 -0.01 671 ChuanHup 0.83 unch ***** Cosco Corporation 2.36 -0.02 2410 CWT Distribution 0.80 -0.01 120 Ezra Hldgs 1.40 0.05 2290 Freight Links 0.07 0.01 1656 Grand Banks Yacht 0.92 unch 20 Jaya Holdings 1.29 0.02 101 K1
      290 words
    • 788 21  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE Court of Appeal in England last week set aside an injunction granted recently to restrain the International Transport Workers Federation (ITF) from taking industrial action to prevent the re-flag-ging of a vessel belonging to Finland's Viking Line. The
      788 words
    • 541 21 Reuters [MELBOURNE] Australia's anti-trust watchdog has raised concerns about Toll Holdings Ltd's hostile A 54.5 billion (555.6 billion) bid for Patrick Corp Ltd, saying Toll's promises to preserve competition were inadequate. The Australian Competition and Consumer Commission (ACCC) said it was concerned that Toll's
      Reuters; AFP  -  541 words
    • PORT SHOTS
      • 56 21 Bloomberg B [MUMBAI] Shipping Corp of India Ltd, the country's biggest shipping company, said profit fell 29 per cent in the second quarter. Profit fell to 1.5 billion rupees (5555.8 million) in the three months ended Sept 30, from 2.1 billion rupees
        Bloomberg  -  56 words
      • 52 21 Bloomberg [MUMBAI] Dredging Corp of India Ltd, the country's biggest dredger of ports, said second-quarter profit rose 59 per cent to 450.2 million rupees (5516.8 million). Sales fell one per cent to 1.37 billion rupees in the quarter ended Sept 30, the state-owned
        Bloomberg  -  52 words
      • 53 21 Reuters [NEW YORK] Sea Containers Ltd said on Tuesday it would offer its remaining 8.6 million Class A shares of Orient-Express Hotels Ltd in an underwritten public offering. Sea Containers, an ocean and rail transport company, said it expects to realise about US$267 million
        Reuters  -  53 words
      • 69 21 Reuters [LONDON] British takeover target PD Ports pic said yesterday that new IFRS accounting rules reduced its net profit but would have no impact on its business strategy or dividends. PD Ports said its reported profit after tax would be reduced by £3.5
        Reuters  -  69 words
  • Page 21 Advertisements
    • 181 21 >AT^ NOTICES IN THE MATTER OF VOPAK GAS TANKERS SINGAPORE PTE LTD REGISTRATION NO. *****3744N (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50, that a Final General Meeting of the sole member of the abovementioned Company will be held at
      181 words

  • EDITORIAL & OPINION
    • 548 22 EDITORIAL AHEAD of an Asian visit next week, US President George W Bush has made clear his intention to again persuade China to revalue its currency faster and further. Indeed, US corporations stung by cheaper Asian imports would eagerly favour a few other Asian currencies
      548 words
    • 1017 22  -  Companies are stepping up investments in each other's markets, led by IT giants By HOWARD W FRENCH NYT FOR years, the rapid growth of China and India has been based on business with the developed world, and has often meant taking business away from
      NYT; FILE PHOTO  -  1,017 words
    • 802 22  -  THE BOTTOM LINE HARISH MEHTA THE indigenous farmers of Asia cannot take the ownership of their traditional knowledge for granted. Their ownership of the neem tree, and basmati and jasmine rice, is not secure as farmers in India and Thailand have found
      802 words
    • 993 23  -  The British are coming and innovating in a strong way in Europe's mobile phone industry By VICTORIA SHANNON FROM wireless rat-catchers to search engines, from gambling specialists to e-mail developers, British companies are leading European innovation in the mobile phone industry, taking over from the Nordic countries,
      BLOOMBERG  -  993 words
    • 589 23  -  Narayana Narayana Singapore IN the article "Stock pricing: Two in the bush better than one in hand?" (BT, Nov 7), R Sivanithy asks if earnings and/or cash in hand play significant roles in the pricing of stocks. Based on my experience in the stock market,
      589 words
    • 362 23  -  LETTERS TO THE EDITOR Andrew Haire Assistant Director-General Policy Competition Development Group Infocomm Development Authority of Singapore I REFER to the article, "IDA should ensure level field: Macquarie exec" (BT, Nov 4). When the telecoms market was liberalised in 2000, an important policy
      362 words
    • 764 23  -  ANDY MUKHERJEE Bloomberg THE last guests have checked out of the Great Eastern hotel in Kolkata. This weekend, the once-splendid relic of the British as Empire a hotel that "hummed with life" when author Rudyard Kipling visited it in 1888 will be put under the
      Bloomberg  -  764 words

  • Page 23 Advertisements
    • 104 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterG sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind
      104 words

  • 6628 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES Iota! rarr in In UM dy dy N yt rfy Syr Wo« 9 index Change CH»ig« Charge Oi»oq« Ch»nq» Ch«ng« tfco. «j inde» Preliminary 3285 -01 89 -02 74 -01 3.1 4 MR Preliminary 9139 -03 t«3 04 88 -04 4A Europe Preliminary
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  • 10588 25 SGX MAINBOARD 52 WV Tel last Vol Day Last Quote GfOi» Dtv GrYld MM MCap High Low Code Company Sale (*000) High low jjg C» HE 7.5 2 5716 1st Software 5c 2.5 unch 35 2.5 2.5 2.5 3 10.1 23.5 6 3148 8TelecomUS2c 7.5 unch 340 7.5
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  • Page 25 Advertisements
    • 29 25 Trade from 20% deposit (5 x leverage) on mod stocks Go lono or short Commissions from 30bps Access to Asian, US, Euro stocks Select Exchange Itoded Funds and indices
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  • Page 26 Advertisements
    • 1232 26 1 NYK GROUP SOUTH ASIA PTE LTD kmr nnnrG W TEL *****123 XV A Aune ratedf M 311 LINE Fax: 6292 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKTO OMXU KASHA. 170. (C/R N0'**********0E) Sf/VA7"Oi? LINES 1 I r irL,.r C C*#:l37B *****00G XIUTOI^I.KJL^ Pto
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    • 679 26 IfWRASIA RORO SERVICE VBsa/vor rmurt) hbgwtw fkg «h to sm it STIAITS VENTURE 23/05 IS 3.2 10/11 13/11 17/11 20/11 22/11 STUmVEMTUK 24/05 IS 3.2 24/11 27/11 30/11 03/12 05/12 stuits ysnuK 24/05 is 3.2 n/12 2S/12 21/12 01/01 03/01 IAIISTKAIIAN RORO SERVICE I VBSa/VOT iMMKKDI HBGHnwl LP SI MB
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  • Page 27 Advertisements
    • 1224 27 www.homburgsud.com ASIA StRVICt SLING I (EXPORT) A ASIA SERVICE SLING 2 (EXPORT) ETA ETA Vtsstl/Vgygy SINGAPORE PURIAN SEPETIIA SANTOS ITAJAI PARAWAGUA Vmml/V«vw SINGAPORE lUENOS AIRES RIOGRANOE SANTOS StPtTWA Conti Malaga OIIW 16/11 27/11 07/12 OH/12 10/12 11/12 hrashiro 042W 12/11 05/12 OR/12 10/12 11/12 Cap Frio 505W 23/11 04/12 14/12
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    • 1223 27 VESSEL _VOY_ SIN JKT HKG KHH IK KYH WIS VESSEL VOY SIN JKT SUB HKG USN PUS HY PROGRESS 104S 17/11 19/11 24/11 26/1) CT/TT 30/11jj/lT KMTC JAKARTA 51SS TiTTT 16/11 17/11 22/11 26/11 27/11 HY BRIDGE 103S 24/11 26/11 1/12 3/12 5/12 7/12 7/12 KMTC PUSAH 513S 20/11 23/11
      1,223 words
    • 825 27 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOT SIN PJttANC COLOMIO N. SHEVA COLOMIO KOTA PEKWIRA YPWO73 07 NOV 08 NOV 11 NOV U NOV 17 MOV INDIRA GANDHI WWITW OMIT 19 NOV ITHfiT" 25 NOV iAJJtMMM 0098W 21 NOV 22 NOV 26
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  • Page 28 Advertisements
    • 1332 28 WAN HAI MTERNATIONAL PTE LID a NO: 14******000/1 1 si II A I I i||P|< TQ;*****5W (14UNES) FAX:*****163 \\\M 1 WAN HAI I INrS CustaHMrSwtce/BooU^sDirKtLm-(1800)*****200 1 TlVllflll llnl kl II Wm V ML 1H: (03) *****01S MX: (03) *****2 M PM IB: (04) *****00 MX: (04)*****99 V JOH IB: (07)
      1,332 words
    • 127 28 LINES Geniki/ As Agents: CROSSEAST SHIPPING PTE LTD operotor code GK CR MO: 778 3202 OOOOM Tel: 6327 1788 Fox: 6327 1588 a-maJ boolang@aosseast.cam.sg WEBSflt www.ganld.cani.iny KUCHING WEEKLY WEDNESDAY SAIUNG BINTULU 2 SAILINGS 6ENIKIJOHOR GJI74E 09/11 10/11 11/11 13/11 14/11 6ENIKIJOHOR GJI76E 15/11 17/11 11/11 20/11 GENIKIJOHOR GJI7BE 21/11 22/11
      127 words
    • 745 28 vtssn VOY SjN PCU VKSa VOY SIN JKT PAC lAMPA 1598W 11/1] 11/11 PACHNTAN 9324 12/11 15/11 PACtANPA 15WH ]2/U 12/11 PACMU 4192 14/11 17/11 CSf 2301 01W 12/U 13/11 PAC IBITAN 9325 19/11 22/11 mmm m* imj n/11 SiH 55^ 230 i aiw iizu i»/n !?g p ctA D
      745 words
    • 415 28 ENG LEE SHIPPING CO PTE ITD I ¥W>-»«r\ T«l> *****212 (10 Uwtl Nx: 6SIIOOM/*****960 I I WiMtt: ww-Hfltt.c—.if tf WBw tfUiilii(i.ctw I I amt isßwooooot I VESSEL VOY SIN ETA SIN ETC DESTINATION Union Slot 8 48/05 11/11/2005 12/11/2005 Jombi, Tebtng Tmggi Union Slot 27 43/05 12/11/2005 13/11/2005 Suraboyo Sinor
      415 words
    • 633 28 i BSA 4 MYANMA FIVE STAR LINE (Myonmor National Line) Loading for Yang on VfSSfl VOY SIN PKI PIN PGU PAGAN 348W SU> PAGAN 349W SU> IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****1S A"™ 8 ACCEPTINB CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PKI KIK UON HEART 139
      633 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8558 29 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Desfp Name Name Number Number mmmmmmmmmmmrnHmmmmmmmmmmmmmmmmmmmmmmmm mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm 24/11 27/11 PACCCoM PAC PALAWAN 733N *****655 TO ABIDJAN (ABJ) 2003 Cote D'lvoire 24/11 28/11 PACC Corn PAC
      8,558 words
  • Page 29 Advertisements
    • 412 29 Taiwan KsE KEE KHH TX g \Weekly Consol Service/ Ea usa All IPI via LAX/NYC (MLB/AWS) LCL/FCL rates! HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPR CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****535, MELINA LEE: *****187 PTIOANG STORE -YANOON: Mff STORE-KUORNO-SU VESSEL VOYAGE I
      412 words
    • 327 29 /m FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, freight Links Express Logisticentre, Singapore *****3 Tel: *****511 Fax: *****577 j*. i Website: http://www. freightlinks.net SOUTH AMERICA CHILE H AQABA BUENOS AIRES SANTOS RIO GRANDE RIO DE JANEIRO VALPARAISO CALLAO CANADA ALEXANDRIA MALTA MAHE GENOA PANAMA CEBU DALIAN HONG
      327 words
    • 327 29 HHHHtIGERWAVE 334N 12-13/11 11 20/11 26 27/11 I ■PSfiPl TIGER PEARL 335N 15 16/11 22 24/11 29 30/111 ■MUikiil TIGER SEA 336N 19 20/11 25 27/11 03-04/12 I MJIIJ I I SKY 337N 22 23/11 294)1/12 06-07/12 ■■■■■TIGERWAVE 338N 2627/11 02-04/12 10 11/12 1 TIGER SKY 339N 29 30/11 06-08/12
      327 words


  • WINE/BOOKS
    • 402 31  -  BOOK REVIEW By JAIME EE Vino Italiano The Regional Wines of Italy (Revised and Updated) By Joseph Bastianich David Lynch Publisher: Clarkson Potter THIS book is really a dummy's guide to Italian wine, but without the dummy approach. Revised and updated from
      402 words
    • 1159 31  -  N K YONG visits Tuscany and finds out how some of their reds maintain their quality N K YONG ABC, the acronym for "Anything But Chardonnay", has been the anguished cry of those who long for any white other than chardonnay. Today, ABCS may soon
      FILE PHOTO  -  1,159 words
    • 532 31  -  BOOK REVIEW By MATTHEW PHAN THERE is much to fascinate in Paul Abisheganaden's Notes through the Years: Anecdotes to a Musical Life-, unfortunately, as a personal memoir, it is written without the fluid, focused narrative of a disciplined historian. The book,
      532 words
  • Page 31 Advertisements
    • 425 31 Advertisement Basic Wine Appreciation Course by Tommy Lam, Wine MBA Bordeaux Hi Amigo Tommy I must compliment you on your humourous and candid style of presentation. It made the session more captivating and lively. The information is very useful. You have unselfishly shared your jT knowledge and was able to
      425 words
    • 44 31 A NEW LOOK IS COMING IN EARLY DECEMBER Mandarin Chickfn Kit? V Sli. .tit >>i'a*' W l''M;.i'.rarv ,i \V:' tO'-i*";?'• L''- <•*' 1 Y- K.»ist > >» i' r-K V >' J- f- V I' K cH '•V r fr i yx „>* Mo*j# (J»«< A ,-t' Hi't Jl
      44 words

  • ARTS
    • 908 32  -  PARVATHI NAYAR soaks in the artistic vibrancy of New York as she visits the city's inspiring art galleries and museums PARVATHI NAYAR New York, New York. City-wide, in the city that is synonymous with creativity, the art is inspiring and the buzz palpable. However, the weather during
      BLOOMBERG  -  908 words
    • 501 32 "THOUGH many commercial galleries show Asian artists, in New York, the Asia Society is one of the few platforms that consistently show Asian contemporary art, and we are committed to help spread the awareness." The speaker is Melissa Chiu, museum director of the Asia
      501 words
    • 662 32 WHILE museums acquire reputations based around their core collections, it is their temporary shows that keep them at the cutting edge. Such as the outstanding retrospective of Robert Smithson at the Whitney Museum. You could call Smithson the Buddy Holly equivalent of the art world
      662 words
  • Page 32 Advertisements
    • 101 32 k Ml B If you're lost for words, I II we recommend the words I ft m "must" and "have". I ,11 The new Spheros R37 Masterpiece with integrated I |H hard-disc recorder for deferred fIUM viewing. I I Available only at Plaza Singapura Celebrating (Jrer 40 Years of Quality
      101 words

  • CINEMA
    • 581 33  -  It does a decent job of answering interesting and highly complex questions, says GEOFFREY EU GEOFFREY EU NEVITABLY, any movie with exorcism at its core has to deal with the formidable shadow cast by The Exorcist, the 1973 William Friedkin classic considered by
      581 words
    • 557 33  -  By PARVATHI NAYAR FOR those who viewed the largely happy-making musical Oliver when it came to Singapore and hummed along with Food! Glorious food! the newest film version of the Dickensian story will come as a bleak songless reminder of the dark, deprived times in
      557 words
  • Page 33 Advertisements
    • 115 33 ngsm The 4X DBS Points promotion is valid for transactions made and cleared/accepted on weekends (Saturday and Sunday), by merchants. Promotion is valid till 31 December 2005. Only the current 2X DBS Points will be reflected in your monthly statement; additional 2X DBS Points earned from 17 September to 30
      115 words
  • Page 33 Miscellaneous
    • 355 33 CRYPTIC CROSSWORD 1 Career path in biography (4,2,4) ~~~■■"""■■""THB ~aHV 6 Hold protest endlessly (4) 10 Odd characters who are being i® I I I I I I jj treated by doctor? (5) 1 Cosmetic helps one avoid humiliation? (4-5) 12 Being prosperous, we will fuss 13 Offbeat lout Reggie's
      355 words

  • executive lifestyle
    • 578 34  -  off the cuff jaime ee I WANT to be a famous blogger. I understand, however, that I am fundamentally disadvantaged without the sexy pictures and a vocabulary delicately spiced from watching too many movies featuring non-graduate hip hop artists. But I really want my
      578 words
    • 1937 34  -  The corporate aviation business is seeing an upturn as companies view private jets as a business tool. CHEAH UI-HOON reports CHEAH UI-HOON WITH full leather seats and the spatial configuration of a living room plus the ability of dictating your own travel time corporate jets
      1,937 words
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