The Business Times, 15 November 2005

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Tuesday, November 15,2005
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  • 638 1  -  Preliminary prospectus lodged with MAS By ALEXANDRA HO (SINGAPORE] The international arm of Malaysian gaming heavyweight Genting Berhad has moved a step closer to transferring its listing to the main board of the Singapore Exchange (SGX). The move by Genting International is
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  • 719 1  -  Senior users of Stanchart's online savings accounts double in four months; other banks also see surge By MATTHEW PHAN [SINGAPORE] You are never too old to log on to Internet banking, it would seem. There are now more than one million Internet banking
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  • 139 1 STI 2,254.15 (-11.88) ST INDEX FUTURES 2,255.00 (-12.00) siMsa 266.79 (-1.53) SIMSO FUTURES ***** (-0.70) MARKETS Monday Chang* KLSECOMP 896.19 -2.16 NIKKEI 225 14,116.04 -39.02 HANG SENG 14,629.49 -111.11 SET INDEX 683.41 -7.04 JAKARTA COMP 1,017.73 -11.25 MANILA COMP 2,072.05 -20.63 SEOUL COMP 1,257.63 t-1.51 SHENZHEN B 192.28
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  • Page 1 Advertisements
    • 28 1 LEVERAGED BUYOUTS. The babble may be ready to pop PG22 111 8 *****1"*****4 I yMP: r^l' yWy Ik I'fm. I •< fH IF Tan Chin Tuan remembered PG 2
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    • 8 1 SME SPOTLIGHT Caution pays off for Kim Ann
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    • 181 1 CORPORATE RESULTS V Robinson Q1 profit up 45% PG4 TOP GLOBAL COMPANIES A who's who of the next generation PGI9 Quaijrato iflfc Mechanical Perfection Contemporary Aesthetic The only perpetual that adjusts back- and forward prom a single crown, even in the year 2100. The hour hand jumps instantly to a
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  • TOP STORIES
    • 1274 2  -  TAN CHIN TUAN REMEMBERED He will be remembered for his OCBC legacy and his philanthrophy By CONRAD RAJ [SINGAPORE] He was best known for his stewardship of the Oversea-Chinese Banking Corporation. But Tan Chin Tuan, who died on Sunday at age 98, also exercised influence
      FILE PHOTO  -  1,274 words
    • 518 2 Singapore looking to spread out power plants SINGAPORE is looking at increasing the dispersion of its power stations to avoid over-concentration in the western part of the island, sources say. Under long-term plans, the next station will be in the Changi area the first on the east side.
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    • 534 2  -  It's down one place, thanks mainly to slower price increases By UMA SHANKARI [SINGAPORE] Singapore is the 23rd most expensive country to live in, according to a survey by human resource organisation ECA International. The survey ranks Norway as the country with the
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    • 309 3  -  By MATTHEW PHAN [SINGAPORE] OCBC's oldest registered Internet banking customer is 91 years old, but he or possibly she is taking things a bit slowly, not having logged in regularly in the last three months. At the considerably younger age of 64, one of
      CHRIS LOH  -  309 words
    • 402 3 [BEIJING] China Minsheng Banking Co is in talks with Singapore investment company Temasek Holdings about increasing the Singapore company's stake in the bank, as well as discussing possible stake sales with several European banks, Dow Jones Newswires reported the Chinese bank's president,
      402 words
    • 392 3  -  Move will improve security against terror threats, cut risks of disruption By RONNIE LIM [SINGAPORE] Singapore is looking at increasing the dispersion of its power stations to avoid over-concen-tration in the western part of the island, sources say. Under long-term plans, the next station
      Source: T  -  392 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 117 3 Unsurpassed levels of comfort? Well, don't take our word for it. BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http://business-times.asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3338. «■> Try it for yourself. The award-winning Qantas Skybed,
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  • COMPANY NEWS
    • 469 4  -  It is seeking legal advice on Suntec Reit's attempt to end $788m deal By LESLIE YEE PROPERTY heavyweight City Developments Limited (CDL) reported a 29.9 per cent year-on-year decline in net profit to $37.3 million for its third quarter ended September. The
      469 words
    • 284 4  -  By ARTHUR SIM IN a twin move to reward its shareholders and strengthen its capital base, Wheelock Properties has proposed a net special interim dividend of $1.65 a share and a two-for-one rights issue at 82.5 cents a rights share. The net cash dividend
      284 words
    • 481 4 Reuters [SHANGHAI] DBS Group Holdings Ltd, South-east Asia's largest bank, is hunting for partners among China's banks, mutual funds and brokerages to jumpstart an expansion into the world's seventh-largest economy, executives said yesterday. The Singaporean lender considers Beijing, Guangzhou and Shanghai its focal
      Reuters  -  481 words
    • 478 4  -  By MICHELLE QUAH A UNIT of Keppel Corporation has won the contract to build Singapore's fifth incineration plant, in a waste management industry worth about $800 million a year. The National Environment Agency (NEA) said yesterday it has awarded the tender
      478 words
    • 444 4  -  By KALPANA RASHIWALA RETAILER Robinson Co has posted a first-quarter group net profit of $3.53 million, up 44.9 per cent over the same period last year. Profit from retail operations jumped from $0.3 million to $1.3 million. Sales of goods for the
      FILE PHOTO  -  444 words
    • 575 4  -  HOCK LOCK SIEW By S JAYASANKARAN THE RM3I2 million acquisition of Malaysian hospital owner Pantai Holdings by Singaporelisted Parkway Holdings, now mired in controversy, will be scrutinised as a test of Malaysian Prime Minister Abdullah Ahmad Badawi's fidelity towards pro-business policies. The acquisition
      575 words
    • 273 5  -  It is expected to get US$47m from sale to French bank By LESLIE YEE GK Goh Holdings announced yesterday that it is selling out an 18.3 per cent interest in Nexgen Financial Holdings for a consideration expected to be about U5546.9 million. GK
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    • 244 5 INVESTMENT company K1 Ventures' net profit jumped 79 per cent to $6.6 million for its first quarter ended Sept 30. The rise in profit attributable to shareholders came as revenue surged 94 per cent to $153.9 million. The group's Q1
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    • 254 5  -  Turnover jumps 44% on robust volume growth By LEE KIM SIANG MAINBOARD-LISTED Olam International, which supplies raw and processed agricultural commodities, has reported a strong firstquarter showing with net profit up 75 per cent. Net profit for the three months ended September
      254 words
    • COMPANY BRIEFS
      • 77 5 GREEN World Holdings has announced the resignation of Richard Lim Yew Hang as an executive director and chief executive officer of the company. His last day of service will be Feb 6,2006. Mr Lim will also resign from the remuneration committee. The company has appointed Samuel
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      • 115 5 THE next pre-trial conference for a former Chartered Semiconductor Manufacturing executive charged for corruption has been set for Dec 7. Lo Keng Foo. 45. is accused of taking $1.2 million from suppliers over a period of five years and covering his tracks by issuing false invoices.
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      • 114 5 Bloomberg SINGAPORE Telecommunications (Sing Tel), the largest telephone company in South-east Asia, will introduce television content for its high-speed mobile services this week to attract users. Sing Tel and smaller rivals Star Hub Ltd and Mobile One Ltd are turning to third-generation or 3G, services to
        Bloomberg  -  114 words
    • 470 7  -  Uncertainty now looms over founder Yoshimi's 2005 incentive bonus By SIOW LI SEN CDW Holding, once an IPO star, said net profit for its third quarter fell 40 per cent to US$2.4 million, making a nine-month total of US$7.6 million. This raised some
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    • 156 7 Reuters [SYDNEY] Singapore Telecommunications Ltd's Optus, Australia's second-big-gest phone carrier, launched its high-speed, third-generation (3G) mobile service yesterday, saying it was confident the technology would boost subscriber numbers. Optus, the last of Australia's four key mobile carriers to launch a 3G service, is facing
      Reuters  -  156 words
    • EARNINGS ROUNDUP
      • 94 7 FULL Apex (Holdings) Ltd. a China-based integrated packaging specialist that manufactures PET bottles, shrink film and corrugated paper packaging products, said net profit inched up 1.5 per cent to 48.4 million yuan (S$ 10.2 million) in the third quarter ended Sept 30.2005. Turnover
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      • 91 7 WILLAS-ARRAY Electronics (Holdings), a Hong Kong-based distributor of electronics components in the Asia-Pacific region, said net profit fell 66 per cent to HK$5.77 million (S$1.2 million) for the six months ended Sept 30. 2005. This was due to an increase in expenses as well
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      • 96 7 EU Yan Sang International Ltd. a household name for traditional Chinese medicine and integrative healthcare, said net profit surged 63 per cent to $3.4 million on the back of a 14 per cent increase in revenue to $40.6 million in its first financial
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      • 73 7 SINGAPORE Shipping Corporation reported a 342 per cent surge in its net profit for its second quarter ended September to $29.3 million from the previous Q2's $6.6 million thanks to one-time gains from the sale of vessels, a subsidiary and associated companies. Excluding exceptional items,
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      • 79 7 YHI International turned in a 0.9 per cent increase in net earnings for the quarter ended Sept 30,2005, to $6 million, from $5.95 million a year ago. Its revenues inched up 2 per cent to $83.0 million, from $81.3 million. YHI said the current
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      • 81 7 BOUSTEAD Singapore said it has benefited from continuing efforts to build its core engineering services and geo-spatial technology businesses. Group revenue rose 46 per cent to $157.6 million for the half-year ended Sept 30, 2005, from the year before, buoyed by broadbased demand for its
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    • 256 7  -  By LESLIE YEE ERNEST Wong, who has been on United Overseas Bank's board since 1990, will be stepping down as director and chairman of the audit committee of UOB on Jan 1 next year. A statement issued by UOB yesterday said: "Mr
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  • SINGAPORE MARKETS
    • 501 6  -  STOCKS Dealers blame it on lack of drivers after third quarter results TEH HOOI LING Senior Correspondent SINGAPORE stocks fell the third losing sessions in four, as lack of fresh factors kept market participants at bay. The Straits Times Index shed 11.88 points or 0.52
      Source: Bloomberg  -  501 words
    • TRADES TO WATCH
      • 434 6 WESTCOMB Financial Group's CEO Choo Chee Kong has upped his stake in the corporate finance firm, just days after the Singapore Exchange (SGX) stopped Westcomb from working on new initial public offerings for three months. Mr Choo bought 50,000 Westcomb shares a 0.033-per-cent stake on
        434 words
      • 81 6  -  Compiled by MICHELLE QUAH THE Capital Group Companies Inc has increased its investment in Sun tec Real Estate Investment Trust to 5.07 per cent, from 4.97 per cent making it a substantial shareholder of the trust. The Capital Group bought 1.3 million Suntec
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    • Article, Illustration
      421 6 OTHER SINGAPORE INDICES Nov 14 VALUE CLOSE BT OB/OS 49.00 +41.00 BTCADI -*****.00 -143.00 BT 10-day MA -*****.00 +5.00 AH-SG Equities 575.45 -6.27 SG Equities Elect 118.31 -2.10 SG Equities Fin 1674.00 -0.27 SG Equities Prop 697.71 -7.69 SIMSCI 266.79 -1.53 SiMSCI Futures 267.40 -0.70 MOST ACTIVE STOCKS VOLUME China
      421 words
    • Article, Illustration
      1001 6  -  Compiled by UMA SHANKARI Capita Land Nov 14 dose: $3.34 CIMB-GK RESEARCH. Nov 14 3Q05 net profit jumped five-fold to $444 million, mainly on a $364 million gain from Raffles Holdings' divestment of its entire hotel business. Excluding exceptionals, net profit rose 12 per cent to $79 million.
      Source: Bloomberg  -  1,001 words
    • 532 6  -  CURRENCIES LARRY WEE Senior Correspondent THE Chinese yuan closed at a post-de-peg high of 8.0831 per US dollar in Asia yesterday, boosted by a record trade surplus of US$l2 billion last month and speculative buying ahead of a visit by US Presi-
      Source: Reuters  -  532 words

  • Page 7 Advertisements
    • 53 7 I m. t -m t Non-stop innovation is the only way we know. V\te conceived the A 350-800 to dramaticaNy increase the aircraft paytoad-range. Flying 300nm farther with space for almost 30 more passengers whle burning less fuel per passenger than its future competitor. HBgaflH Airbus A3SQ. The worlds most
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  • FOCUS: CORPORATE AWARDS
    • 881 8  -  Finding excellent annual reports which 'bring to life what's going on in the company' takes a lot of time. LESLIE YEE reports LESLIE YEE IMAGINE having to wade through 604 annual reports many of them more than 100 pages long. That task befell five professionals
      881 words
    • 5408 8 UNIT TRUSTS FUNDS Wonp Y Sing Dollar Class 6 1 086V Citi Pan Europe Equity Fund 129/ ul CitiSetect Asia Tilt Balanced 1 46/ nlUA, CitiSelect Asia Tilt Growth ..1.44/ felfyjfo CitiSelect Asia Tilt EnhGrth 137/ H2¥ CitiSelect Global G-owth 1.19/ I® cT. if* Citi Global Healthcare fund 0.98/ s££TrST
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  • Page 8 Advertisements
    • 132 8 Die Singapore Corporate Awards (SCA) comprise the existing Best Managed Boards Award aid the Annual Report Award, as well as the Best Investor Hj^L Relations Award and the Chief financial Officer of the Year Award. SCA is organised by The Business Times in collaboration with ÜBS and supported by SINGAPORE
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  • SINGAPORE NEWS
    • 353 9  -  By SIOW LI SEN THE key three-month interbank interest rate has continued its march .northward, hitting 3 per cent yesterday. The move is seen by at least one economist as providing a dampening effect on the property market. The three-month interbank rate was
      Source: Bloomberg  -  353 words
    • 229 9 THE President's Design Award, launched yesterday to be handed out annually as Singapore's highest honour for designers, is now open for public nominations. There are two categories, one focused on designers themselves and the other on their work. The Singapore Designers of the
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    • 336 9  -  Analysts say acquisition price could reflect a net yield of about 4% By KALPANA RASHIWALA LKN Building at Cecil Street is being sold for $43-44 million, reflecting a price of $595-609 psf of existing net floor area for the 14-storey freehold building, sources
      FILE PHOTO  -  336 words
    • 428 10  -  The company will spend 3m euros on its first such Asian facility in first year By RONNIE LIM GERMAN multinational BASF which already has a major petrochemical venture on Jurong Island has chosen Singapore to set up a global
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    • 413 10  -  By AMIT ROY CHOUDHURY IN a signal of its continued interest in Singapore, IBM yesterday announced two important investment decisions here. Singapore is to be the worldwide manufacturing facility for IBM's newest mid-range> disk storage products, and will also be the new warranty
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    • 293 10  -  By ROLAND LIM FIVE new-technology members have joined Bridge Mobile Alliance (BMA), the regional grouping of companies in the mo-bile-phone business announced yesterday, bringing its membership to 16 including some who are competitors with each other. The five new members are SIM-card company
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    • 110 10  -  YEN MENG JIIN [SINGAPORE] Dr Tan Cheng Bock (left). Member of Parliament forAyer Rajah, and Daniel Teo (right), managing director of Hong How Group, at the Japanese Sake Talk and Tasting held at the Japanese ambassador's residence last Wednesday. Hosted by Japan's ambassador. Takaaki Kojima. and his wife,
      YEN MENG JIIN  -  110 words
    • 253 10 SMALL businesses will be able to take advantage of opportunities offered by institutions such as the Asian Development Bank (ADB), thanks to a new series of workshops instituted by IE Singapore. Titled the "Outbid your Competitors for Projects with International Financial Institutions", the initiative
      REUTERS  -  253 words
    • 244 10 MINISTER Mentor Lee Kuan Yew is visiting the United Arab Emirates, Qatar and India, starting yesterday to Nov 23. In the UAE, he will speak at Citibank's Legacies of Leadership Series in Dubai and will call on Dubai Crown Prince Sheikh
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  • Page 9 Advertisements
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    • 48 9 I 8 1 Non-stop innovation is the only way we know. Designing the new A 350-900 with improved engine efficiency and lightweight materials, it saves up to 25% fuel per seat compared to competing aircraft currently in production. HHEga|J^B Airbus A 350. The world's most advanced twin-engine aircraft
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  • Page 10 Advertisements
    • 1183 10 NOTICES NOTICE OF INTENDED DIVIDEND Name of Company Durabeau Construction Pte Ltd Reg. No. *****0788K Address of registered office :98 Amoy Street Singapore *****8 Court High Court of the Republic of Singapore Number of Matter Companies Winding Up No. *****5 of 2001 Last day of receiving proofs :30 November 2005
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  • SME spotlight
    • 280 11  -  By UMA SHANKARI LOGISTICS company DHL has launched a campaign to help SMEs in Singapore flourish. It recently came up with a suite of products just for them, called SME Plus. The bundle provides services at a price normally based on higher-volume shipments. Previously,
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    • 581 11  -  But DP Info survey finds their key concern is competition abroad, reports UMA SHANKARI UMA SHANKARI ALTHOUGH more than half of Singapore SMKs have an overseas presence, they are worried about competition abroad, a survey has found. The third annual SMK Development Survey conducted by credit
      Source: SME Development Survey 2005  -  581 words
    • 762 12  -  SMALL CAPS Equipment supplier looks to extend product offering to the oil gas market, especially the oil rig segment, reports ANGELA TAN ANGELA TAN BH GLOBAL Marine may be a small cap company but the supplier of marine equipment to shipyards and shipowners has
      FILE PHOTO  -  762 words
    • 391 12  -  By TEH HOOI LING THE performance of our small-cap portfolio in the past few weeks shows yet again how important it is to keep tabs on companies one has invested in. This is particularly so for small-cap stocks because price movements
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    • 823 14  -  Even though company wants to grow globally, its focus is still on building a strong regional presence. NANDE KHIN reports NANDE KHIN Li IKE other ambitious and successful homegrown companies, Kim Ann Engineering has been expanding beyond the shores of Singapore. It is doing
      ARTHUR LEE  -  823 words
    • 951 14  -  Hence the need to document, protect and enhance such assets, say ROBIN CHIN and ONG PENG WEE ROBIN CHIN, ONG PENG WEE ARE you thinking of selling your business or raising fresh capital for it? Either way, you are definitely not alone. Our
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  • Page 11 Advertisements
    • 49 11 I 1 X f s I 1 w I Non-stop innovation is the only way we know. We designed the A 350 with the most innovative materials. Composite materials for lightness and strength. New metallic materials for lightness and durability. Airbus A 350. The world's most advanced twin-engine aircraft
      49 words

  • Page 12 Advertisements
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  • ECONOMY WATCH
    • 951 15 US interest rates are expected to exceed European borrowing costs through next year Bloomberg [LONDON] Currency traders are the most bullish on the US dollar in five months because interest rates in the US will exceed European borrowing costs through next year, a Bloomberg
      Bloomberg; BLOOMBERG  -  951 words
    • 201 15 Reuters [WASHINGTON] The United States and India have set a goal of doubling bilateral trade to over US$4O billion within three years, US trade officials said on Sunday. "I believe it's achievable," US Trade Representative Rob Portman said in a statement from
      Reuters  -  201 words
    • 725 15 Bloomberg [DHAKA, Bangladesh] India, Pakistan, Sri Lanka and four other South Asian nations pledged to slash trade barriers from Jan 1 to boost economic growth in a region that's home to half the world's poor, a joint statement by the
      Bloomberg; AP  -  725 words
  • Page 15 Advertisements

  • MALAYSIA/INDONESIA
    • 480 16  -  But media release is legal, say sources close to the bank By S JAYASANKARAN in Kuala Lumpur THE looming takeover of Southern Bank (SBB) by CIMB, Malaysia's largest investment bank, took another twist yesterday with claims that Goldman Sachs, SBB's international
      480 words
    • 381 16 Bloomberg [KUALA LUMPUR] Malaysia's manufacturing investment approvals rose at a slower pace in the third quarter amid concerns by local companies about faltering economic growth, CIMB Securities said, citing government figures. Manufacturing projects approved by the government rose 29 per cent from a year
      Bloomberg  -  381 words
    • 2376 16 VOl General Corp 0.40 unch 81 Mov14 rOOO) Genting 19 90 -0.70 1092 George Kent 0.59 unch 15 ASM Realty 1.54 unch 2 GHL Systems 0.10 -0.01 320. Abr,c 029 unch 40 Globetronics Tech 0.26 -0.01 1592 ACP Industries 0.64 0.01 4 GlomacBhd 1.20 unch 138 Advance Synergy
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    • 177 16 Bloomberg [HONG KONG] Khazanah Nasional Bhd, Malaysia's state-owned investment company, will buy one-third of the shares Parkson Retail Group Ltd will sell in its HK$l.6 billion (*****.6 million) initial public offering, according to a term sheet sent to investors. Khazanah will buy
      Bloomberg  -  177 words
    • 712 16  -  INDONESIA INSIGHT SHOEB KAGDA Jakarta Correspondent INDONESIA'S long search for two of the most wanted men in the country, and indeed in Asia, made headway last week with the death of Azahari Husin in a police shootout. But with Noordin Mohamed Top,
      AP  -  712 words
    • 370 16 [JAKARTA] Aiming to tap into Indonesia's already liberalised downstream oil and gas sector, Malaysia's oil and gas giant Petronas will soon set up a number of gasoline stations focusing on selling high quality nonsubsidised fuel and jet fuel, the Jakarta Post reported. The
      370 words
    • 176 16 Reuters [KUALA LUMPUR] A joint venture between a Chinese government agency and Malaysian engineering firm MTD Capital Bhd will raise about US$25O million to fund the construction of a toll road in Chipa, MTD said yesterday. The amount could be raised through a bond issue
      Reuters  -  176 words

  • GREATER CHINA
    • 448 17 CHINA STAKE SALES [HONG KONG] Industrial and Commercial Bank of China (ICBC), the country's largest lender, is in talks with state-controlled investment agencies from Abu Dhabi and Kuwait over the sale of a stake ahead of its US$lO billion-plus international listing,
      AFP  -  448 words
    • 251 17 Reuters [HONG KONG] Asia's largest refiner, Sinopec Corp, confirmed yesterday that it plans to take private its Sinopec Zhenhai Refining Chemical Co Ltd unit for HK57.67 billion (Ssl .68 billion) in cash as part of an effort to streamline its sprawling corporate structure. In a
      Reuters  -  251 words
    • 226 17 Reuters [HONG KONG] New World Mobile Holdings Ltd, one of Hong Kong's six fiercely competitive cellular carriers, yesterday said it plans to announce a preliminary deal with Australia's Telstra Corp Ltd, which operates the rival CSL cellular network in Hong Kong. No
      Reuters  -  226 words
    • 438 17 AFP [SHANGHAI] China will soon order its oil companies to build their own refined oil reserves to-guard against possible shortages, the Shanghai Daily reported yesterday, citing a government official. "It's necessary for oil companies to build reserves as refined
      AFP  -  438 words
    • 210 17 Reuters [HONG KONG] Willis Group Holdings, one of the world's largest insurance brokerages. yesterday said it had won approval to become the first overseas broker to take a majority stake in a Chinese broker. Foreign insurers have been rushing
      Reuters  -  210 words
    • 276 17 Bloomberg [LONDON] China's state metal-stockpiling agency declined to comment on a report in the Wall Street Journal's Asia edition that a government copper trader is missing after placing "big" bets on a drop in prices. Liu Qibing, who worked for the State
      Bloomberg  -  276 words
    • 112 17 Reuters [HONG KONG] ICICI Bank, India's secondlargest lender in which Singapore's Temasek Holdings has a 9 per cent stake, is teaming up with Hong Kong's Bank of East Asia to offer services to its clients with operations in greater China, the
      Reuters  -  112 words
  • Page 17 Advertisements
    • 151 17 S Sonanqol ANNOUNCEMENT Angola E&P Licensing Round Sonangol, Angola's national oil cpmpany, invites interested oil and gas companies to participate in its next E&P licensing round, which will include seven blocks: Blocks 1, 5 and 6 are located on the shelf of the lower Congo and Kwanza basins *Deepwater blocks
      151 words

  • INDIA
    • 366 18 Sona Group has started talks to buy its steering systems business in the US [NEW DELHI] A clutch of Indian automotive component manufacturers is planning to acquire the assets of the US$29 billion component giant Delphi Corp, which has filed for bankruptcy, the
      366 words
    • 356 18 Finance Ministry finalises proposal in Bill to be submitted to Parliament (NEW DELHI] The Finance Ministry has finalised a Cabinet note to allow 26 per cent foreign investment in the pension business, the Business Standard reported yesterday. The proposal is part of
      356 words
    • 530 18  -  By ASHOK KUMAR in Mumbai INDIA'S liberalisation programme has faced innumerable roadblocks and setbacks over the past 15 years. But like a juggernaut, it has rolled on. And now it seems poised for a decisive gear change that will accelerate
      530 words
    • Article, Illustration
      33 18 [GAUHAIT, India]Schoolchildren participating in a sack race during a Children's Day celebration yesterday. India celebrates Nov 14 as Children's Day. the birth date ofJawaharlal Nehru, the first prime minister oflndia. AP
      AP  -  33 words
  • Page 18 Advertisements
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    • 23 18 LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company's financial performance through CATS Notices in The Straits Times. i NOTICES
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  • ASIA-PACIFIC/WORLD
    • 486 19 'Southern' firms could account for half of future top 100 list: McKinsey [LONDON] The next wave of entrants into the league of global top 100 companies will come from emerging economies, as the impact of domestic reform, fastgrowing home markets and
      REUTERS  -  486 words
    • 459 19 Round-the-World Yacht Race. Leg 2 Race 3, Day 20 Al R Di FOR a crew that has raced very well during the last few weeks, Uniquely Singapore has been gradually dropping out of podium position during the last few days- a situation that has led race organisers to
      Al R Di  -  459 words
    • WORLD WATCH
      • 92 19 Reuters [NEW YORK] Host Marriott Corp has agreed to pay about US$4.O4 billion to acquire a portfolio of luxury and upscale hotels from Starwood Hotels and Resorts Worldwide. The sale is the latest move by Starwood to shed its real estate assets and concentrate on
        Reuters  -  92 words
      • 102 19 Reuters [TOKYO] Japan's Chugai Pharmaceutical Co yesterday said it has told the government that two teenage boys exhibited abnormal behaviour that led to their deaths after taking the anti-flu drug Tamiflu, made by Chugai's Swiss parent Roche Holding. The news weighed on shares in both
        Reuters  -  102 words
      • 88 19 Reuters [JAKARTA] Indonesia yesterday said that a 20-year-old woman has died of bird flu and several other countries also reported more suspected cases in people. Further, researchers in Vietnam said the HSNI avian flu virus has mutated allowing it to replicate more easily inside humans
        Reuters  -  88 words
      • 99 19 [TOKYO] The president of Seibu Railway said the embattled rail-to-real-estate group was likely to seek a tie-up with a US or European hotels group to help manage its luxury portfolio of hotels, as part of its restructuring plan. Its president Takashi Goto told the
        99 words
      • 83 19 Bloomberg [SYDNEY] Investment firm Bain Capital has offered to buy Australia's Goodman Fielder Ltd for A 53.6 billion (554.4 billion) in what would be the nation's largest buyout, sources said. The offer was made to Burns Philp Co, Goodman Fielder's owner, they said. Burns Philp
        Bloomberg  -  83 words
      • 68 19 Reuters [LONDON] Standard Chartered yesterday said third quarter net profit at its Korean subsidiary, SC First Bank, dropped 8 per cent due to investment in new products, distribution and rebranding. Net profit at SC First Bank, bought by Standard Chartered for US$3.3 billion in January,
        Reuters  -  68 words
    • 550 19  -  By ANTHONY ROWLEY in Hong Kong FINANCIAL market experts clashed at an international bond market conference in Hong Kong yesterday over whether or not Asian governments should devote more political effort to create a pan-regional Asian bond market. One called for new official
      550 words
    • 340 19 NYT [NEW York] Georgia-Pacif-ic, the paper giant that makes Dixie cups and Brawny paper towels, agreed on Sunday to be sold for US$l3.2 billion to Koch Industries, a family-con-trolled conglomerate that will become the nation's largest privately-held company. The deal may transform Koch, which owns
      NYT  -  340 words
    • 281 19 AFP [SYDNEY] Australia's only nuclear reactor may have been a target of Islamic militants arrested last week on charges of plotting a major terrorist bombing. A police fact sheet submitted to court here said three of 18 Muslims arrested in Sydney and Melbourne had
      AFP  -  281 words
    • 352 19 [BRUSSELS] Microsoft has launched a covert lobbying campaign to persuade the US administration and US businesses to intervene in its long-running antitrust battle with the European Union (EU), says a report in the Financial Times. Microsoft officials have met White House
      352 words

  • AVIATION
    • 472 20 Aim is to assess airports' ability to repel attacks using shoulder-fired missiles AP [BUSAN, South Korea] Officials from 21 Asia Pacific economies on Sunday endorsed a US proposal to test whether major airports in their countries could repel a terrorist attack using shoulder-fired
      AP; REUTERS  -  472 words
    • 328 20  -  By DONALD URQUHART [SINGAPORE] Global transport manufacturer Bombardier opened a regional office in Singapore yesterday and is considering an aircraft parts distribution centre here. The new office will have a mainly marketing role with a smaller technical component as the world's largest train
      328 words
    • 102 20 Reuters [HONG KONG] Hong Kong international airport handled a record high 317,000 tonnes of cargo in October, up 6.9 per cent from the same period last year, the Hong Kong Airport Authority said. Some 3.57 million passengers passed through the airport in October, up 6.5 per
      Reuters  -  102 words
    • LOG BOOK
      • 72 20 AFP IBEIJINGI China's commercial aviation fleet will nearly double over the next five years to 1,600 aircraft, state media quoted the industry's regulator as saying yesterday. The nation's airlines will buy a combined 100 to 150 new aircraft annually between 2006 and 2010, Xinhua
        AFP  -  72 words
      • 63 20 Reuters [LONDON] British airport operator BAA said on Thursday that its planned new passenger terminal at London's Heathrow Airport could cost between £1 billion (Ss3 billion) and £1.5 billion. The facility, if approved by airlines and given appropriate regulatory support by the Civil
        Reuters  -  63 words
      • 85 20 AFP [KUALA LUMPUR] Malaysia's low-cost carrier Air Asia said on Sunday that it hopes to fly to Brunei and to new destinations in Indonesia and Cambodia following the arrival of two new A 320 Airbus aircraft in December. "We are waiting for approval
        AFP  -  85 words
    • 243 20 AFP IKUALA LUMPUR] Malaysia Airlines may be allowed to cut its workforce but only after holding discussions with its employees' union, Bernama news agency reported yesterday. The government would allow the airline's new management to make the ultimate decision. Finance Ministry
      AFP  -  243 words
    • 301 20 They won't move to Suvarnabhumi to avoid higher costs AFP [BANGKOK] Thai budget carriers yesterday said that they planned to stay at Bangkok's existing airport to avoid paying high landing and operation fees at the new international airport due to open
      AFP  -  301 words
    • 165 20 Bloomberg [BANGKOK] Thai Air Asia Co, a low-fare airline venture between Shin Corp ofThailand and Malaysian budget carrier Air Asia Bhd, posted a profit in the third quarter on higher ticket sales. The airline had profit of 1.8 million baht (5574.400)
      Bloomberg  -  165 words
    • 935 20 dry wan eta man tn> J|jjj |jjj M If ill ttmthn fSI! I i ]S|[ 8P ll oHiel 888 IBS UjS im NHDW WIS. Ji? il ]B Sf Sg jg m imimmt m»M 1140 M2Ml 1*45 topt.i CA9S7 0055 CA95S 0745 III S3 Bangkok fD3501 1030
      935 words
  • Page 20 Miscellaneous
    • 192 20 CRYPTIC CROSSWORD timely recipe with mint sauce (12) DOWN 10 Express pleasure at cooking Across: 1 Stream, 4 Five star, 9 1 Don't start getting to cut lasagne en croute -it meant Hen-run, 10 Studious, 12 Oars, 13 work! (7) nine's left over (12) Folly, 14 Pass, 17 Examinations, 20
      192 words

  • SHIPPING
    • 481 21  -  Human factors, technology also play key roles: Bunker grouping By DONALD URQUHART [SINGAPORE] The International Bunker Industry Association (Ibia) has lauded Singapore's action to address recent problems in bunkering procedures and quality issues, saying that human factors and technology play a key role alongside
      BLOOMBERG  -  481 words
    • 433 21 Increase attributed to heavy levels of trading activity Reuters (SINGAPORE] Port operator PSA International said yesterday that its terminals moved 22.1 per cent more containers in the first 10 months of 2005 than a year earlier, thanks to heavy trading activity
      Reuters; FILE PHOTO  -  433 words
    • 226 21 Bloomberg ISKOUIJ Daewoo Shipbuilding Marine Kngineering Co, the world's second-largest shipyard reported on Friday that its thirdquarter profit fell 54 per cent to 19 billion won (Ss3l million) in the three months ended Sept 30 from a year earlier on higher steel costs and
      Bloomberg  -  226 words
    • 301 21 Bloomberg [SEOUL] Hyundai Merchant Marine Co, South Korea's second-largest shipping line, said profit fell for the first time in three quarters because of the rise in fuel costs. Net income dropped 65 per cent to 46 billion won (Ss7s million) in
      Bloomberg  -  301 words
    • 338 21 Bloomberg [SINGAPORE] TNT NV, Europe's second-largest delivery company, said it will form a venture in China with the parent of Asia's fourth-largest container shipping line to provide storage for home appliance makers. TNT's venture with China Ocean Shipping Group Co. also called
      Bloomberg  -  338 words
    • 492 21 Bloomberg [LONDON] Frontline Ltd, the world's biggest oiltanker company by capacity, posted its first back-to-back drop in quarterly earnings in three years, as the supply of ships grew faster than demand and freight rates declined. Net income slid to US$73.B million, or 99
      Bloomberg  -  492 words
    • 299 21 SGX '000 Nov 14 SS Vol CH Offshore 0.37 «.01 1386 ChuanHup 0.83 -001 5594 Cosco Corporation 229 -0.09 2650 CWT Distribution 0.79 -0.01 107 Ezra Hldgs 1.34 OOS 518 Freight Unks 0.07 0.01 61 Grand Banks Yacht 0.90 -0.02 2 Jaya Holdings 1.24 -0.02 2074 K1 Venture
      299 words
  • Page 21 Advertisements
    • 271 21 ASIA WEST AFRICA TRADE AGREEMENT NOTICE TO SHIPPERS The Asia West Africa Trade Agreement members have reviewed the port congestion situation in the West African ports and hereby advise that import port congestion surcharges will be adjusted to the following levels, as from 21st November 2005 (date of B/L): Apapa
      271 words

  • EDITORIAL & OPINION
    • 498 22 EDITORIAL FEW would disagree with US Treasury Secretary John Snow, who recently visited India, about the Asian giant's potential to become an economic powerhouse if its pace of economic reform is stepped up. But can India afford the short-term displacement and disruption that more
      498 words
    • 1326 22  -  With the huge sums of money being spent these days, it looks like a classic boom-bust cycle By ANDREW ROSS SORKIN NYT A YEAR ago this week, Henry Kravis, the legendary buyout mogul who invented the modern-day private equity industry, gave a
      NYT; BLOOMBERG  -  1,326 words
    • 727 22  -  THE BOTTOM LINE MATTHEW LYNN IF you had a pile of money to invest, would you want a woman or a man looking after it? If you picked a fund at random, chances are it would have a man in charge of
      727 words
    • 858 23  -  He has always toed the White House line, but that could change as the Fed nominee seeks to establish an independent stance By TIM AHMANN Reuters BRN Bernanke, President George W Bush's pick to succeed Alan Greenspan at the US Federal Reserve, heads to Capitol Hill today
      Reuters; AP  -  858 words
    • 591 23  -  LETTER TO THE EDITOR Joseph Hui Head, Pollution Control Department National Environment Agency WE refer to the letter "Enough done to manage hazardous chemicals?" by Brandon Lee Kok Ling (BT, Nov 8), and wish to assure him that the National Environment Agency (NEA) and
      591 words
    • 1350 23  -  LEON HADAR Washington Correspondent IF YOU are like me and you've been following the news on a regular basis for a while, say, 20 or 30 years, the chances are that whether it was 1977 (when you got married), 1986 (when your kid was nine
      AP  -  1,350 words

  • Page 23 Advertisements
    • 103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@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 libel
      103 words

  • 10671 24 SGX MAINBOARD 52-Wk Tel Lost Vol Day Last Quote GrOiv M* GrVM MM MCn High Low Code Company Sate +1- COOP) High Low *jg Mil CV Wt tam 7 5 2 5716 1st Software 5c 2.5 2.5 3 10.1 23.5 6 3148 8TelecomUS2c 7 +0 5 484 7
    10,671 words
  • Page 24 Advertisements

  • 6692 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In Si In USS dy yr %dy %yr dy Syr Nov 11 Index Change Change Change Change Change Change World Index Preliminary 936.8 0.5 9.9 0.5 8.4 0.4 3.9 EAFE Preliminary 921.0 0.9 19.2 0.8 9.6 0.7 5.0 Europe Preliminary
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  • Page 26 Advertisements
    • 1451 26 t NYK GROUP SOUTH ASIA PTE LTD V wjr TEL: *****123 XV A Aline WW557 A 9 A LINE Fax: 6292 2856(Regional sales)/6239 7109(OPS)/6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO SO»AKU KASHA. UO (C/R NO: **********0E) A CR#: 1378 *****000 SKNATO* (1.1.4.) Me Ud Main line: +65 6936-2750 72 Anson
      1,451 words
    • 520 26 IINTCRASIA KOtO SERVICE VKSa/VOT RAMPffT) HBGHTQW) PUG KOI K» SM JKT STRAITS VENTURE 2J/05 15 3.7 10/11 13/11 17/11 20/11 22/11 STRAITS VENTURE 24/05 15 3.2 24/11 27/11 30/11 03/12 05/12 STRAITS VENTURE 24/05 15 3.2 11/12 25/12 21/12 01/01 03/01 j laustrauan roro SERVICE ~~1 VESSa/VOT RAMPffT) HBGWTffR) 1
      520 words

  • Page 27 Advertisements
    • 1325 27 www.homburgsud.com HAMBURGfjggISiiD ASIA SERVICE SUHG 1 (EXPORT) ASIA SE«VI« SUNG 2 (EXPORT) Vtssol/Voynoo SINGAPORE MIIIIAN SEPETHA'SANTOS ITAIAI PMANAOUA VwMl/VtvM. SINGAPORE lUINOS AWES RIOGRANCt SANTOS SOTTHA ContiMotogoOllW 14/11 27/11 07/12 08/12 10/12 11/12 Iris 026W 19/11 12/12 15/12 17/12 11/12 Cop Frio 50SW 23/11 04/12 14/12 15/12 17/12 18/12 Cap Agulhas
      1,325 words
    • 1143 27 VESSEL _*OY_ _SIN_ _HKG_JfflH_ INC KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS HY PKOGtESS IQ4S 17/11 11/11 24/11 24/11 28/11 30/1130/H KMTCPUSAN 513S 20/11 23/11 24/11 29/11 03/12 04/12 HY BRIDGE IO3S 24/11_ 26/11 1/12 3/12 5/12 7/12 7/12 KMTC SINGAPORE 516S 27/11 30/11 1/12 6/12 10/12
      1,143 words
    • 809 27 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VCSSCI VOT SIW PJHAWG COLOM9Q N. SHEVA COiOM»Q KOTA PEBWIRA YPWO73 07 HOV 08 NOV II NOV 14 NOV 17 NOV INDIRA GANDHI 0098W 14 NOV OMIT 19 NOV 2? NOV 25 NOV immm JML2IHOV 22 NQV
      809 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6685 28 ETA ETA Advertser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Sesfn Name Name Number Number SIN Desfn Name Name Number N—ber 24/12 11/01 TASMAN TASMAN TRADER 140S49 *****288 To ABIDJAN (ABJ) 2003 Cote D'lvoire 22/11 02/01 China Shpg CSCl FELIXSTOWE SX189W
      6,685 words
  • Page 28 Advertisements
    • 685 28 VtSSEL VOY SIN PCU VBSE YOT SIN JKT PAC BANDA 1598H 11/11 11/11 PACBINTAN 9324 12/11 15/11 PAC BANDA 1599N 12/11 12/11 PACIAU 4192 14/11 17/11 CSF 2301 0198P 12/U 13/11 PAC BINTAN 9325 19/11 22/11 IKWHM 1600N UZU 14/11 Jig g4}j CSF 2301 0199P 14/11 16/11 gZli 15ZU tKurn
      685 words
    • 405 28 WE CARE. WAN HAI LINES I.'I"D, having the most intensive 0 and complete service network for ocean carriage, V.j* I ft from Asia-Paciiic to Mid-East, U.S West Coast, jjf- f&r J Europe expanding continuously throughout every iLs*'' at la, s P° l in the wodd; providing the most efficient ri
      405 words
    • 423 28 BSA x. MYANMA FIVE STAR UNE (Myanmor National Line) Loading for Yaogon VESSEL VOY SIN PKL PEN PGU PAGAN 348W SU> PAGAN 349W SIO IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL CGO VESSEL VOY HKG SIN PGU PKL KIK UON HEART 139 SID SLO SU) COCOA
      423 words


  • PROPERTY
    • 763 30 It's offering a lower yield than last year at a time of rising interest rates Reuters [HONG KONG] A relaunch of Hong Kong's Link Reit failed to draw the same investor fervour yesterday as it did a year ago, when half a million
      Reuters; REUTERS  -  763 words
    • 245 30 Bloomberg [HONG KONG] Hong Kong property stocks were downgraded to "marketweight" from "overweight" by Standard Poor's, which cited bird flu concerns and rising interest rates. "Sentiment among property buyers has been dampened, for the first time since mid-2003, by the recent 'larger-than-Fed' hike in prime
      Bloomberg  -  245 words
    • 418 30 Q3 profit falls 24% at Thailand's Land Houses Reuters [BANGKOK] Land 81 Houses (LH), Thailand's biggest housing firm, yesterday reported a smaller-than-ex-pected 24 per cent fall in third-quarter profit although poor margins on condominiums offset record sales and non-recur-ring items hit the bottom line. „But LH, tapping good demand for
      Reuters  -  418 words
    • 297 30 Bloomberg [HONG KONG] The government of Shenzhen, a Chinese city adjacent to Hong Kong, tightened rules on property sales to damp speculation that drove up prices as much as 30 per cent in the first nine months of the year. The government
      Bloomberg  -  297 words
    • 426 31  -  They seek to cut costs from property holdings as price pressures rise By ARTHUR-SIM MARKET pressure to keep costs low are forcing more corporations to cut the costs of owning property by moving back-office functions overseas. Jones Lang LaSalle's fourth Corporate Real Estate Impact Survey
      Source: eis 3 & 4/ Jones Lang LaSelle  -  426 words
    • 286 31  -  By ALEXANDRA HO IT MIGHT have been hard to guess, going by the current state of buildings like Golden Mile Complex, People's Park Complex or Pearl Bank Apartments, but each of these buildings has in one way or another contributed to Singapore's historical significance, architectural
      FILE PHOTO  -  286 words
  • Page 30 Advertisements
    • 150 30 Prime Freehold Site for Landed Houses at Old Holland Road Ttofc% Land 87,087 sf, Residential Provisional Planning Permission previously Bukit Timah Road granted for cluster housing (32 semi-ds and mTj>-o 3 bungalows) x > Potential for qj < 28 conventional semi-ds; or Subject Site 42 units, comprising 16 conventional HI
      150 words
    • 190 30 \i IAI i-TV V P8 r| farm RESORT A FIABCI MALAYSIA PROPERTY AWARD 2005 fi HE WINNER OF MASTER PLAN DEVELOPMENT CATEGORY Steel Awora 2005 Pti* d'Excelience In association with Mulpha •> Bhd (ibzsso-hi www.leisurefarm.com.my Johor Sales Office: D'RimPunan, The Village, No 8, Jalan Peranginan, Leisure Farm. ***** Gelang Patah,
      190 words

  • Page 31 Advertisements
    • 201 31 FOR SALE (BY TENDER) LAST PRIME RESIDENTIAL REDEVELOPMENT SITE ALONG MEYER ROAD VICINITY 10 Margate Road, District 15 Eurasar Assn Freehold rectangular site Site Area: 1,576.3 sq m (16,967 sq ft) M p| o t Ratio: 2:1, up to 24 storeys Towers I Unblock panoramic views overlooking I Low-rise. low
      201 words
    • 65 31 FREEHOLD m RESDEKTIALSTE NKATONG > o 85 Lim Ah Woo < Gray Lane to s ——Mmmmm Estate in fee simple r— ,8 c-~J— jmfng Land area: 306 sqm SandyUne s*" -Plotßatio: 1.4 sch Green Lane o Near amenities good schools R °*«LarJ% kHBBHHHHMB nun***®** |T? Katong w O I Girls'
      65 words
    • 253 31 f /OKV JonesLang ft w LASaut For Sale By Tender I Site Area 45,512 sq ft (approx) house li: NOVEMA SQUARE I GPR 2.8, up to 36 storeys CWT nownaiwt Unblocked view *1GOCJWIiLy,. "L, Near amenities and reputable comtt schools u*th> SQUARE Conveniently located with easy access to Orchard Shopping
      253 words
    • 165 31 4 Buildings One single-storey building Tenure :60 y ears we f 1969 One 2-storey building No Ground Rent Two 3-storey buildings u "y Air-Conditioned Land Area 261,400 sq ft Ample Car Parking lots CFA 304,700 sq ft Within Toa Payoh Housing Estate *11 H For enquiries, please contact: r W
      165 words

  • Page 32 Advertisements
    • 469 32 Maybe it's time you took a closer look at your IT security. Protect precious data. Preserve peace-of-mind. easy to use, highly accurate and harder to forge than other systems. If there's even the smallest gap in your IT security system, someone will find it. In an The übiquity of notebook
      469 words