The Business Times, 16 November 2005

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Total Pages: 34
1 34 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://taJsiness-times.asial.com.sg MICA (P) 089/03/2005 Wednesday, November 16,2005
    15 words
  • 776 1  -  Nine-month earnings of 189 companies up 18.6% By WONG WEI KONG [SINGAPORE] With thirdquarter results generally in line with market expectations, 2005 earnings look to be mostly in the bag for Singapore companies. As of last night, 189 companies with December
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  • 134 1 ST! 2,***** (-13.66) ST INDEX FUTURES 2.242.00 (-13.00) siMsa 264.82 (-1.97) SIMSa FUTURES ***** (-2.10) MARKETS Tuesday Change KISECOMP ***** -1J6 NIKKEI 225 14,091.77 -24.27 HANG SENG 14,627.41 -2,06 SET INDEX 681.58 -1H JAKARTA COMP 1,022.08 +4.34 MANILA COMP 2,063.74 -831 SEOUL COMP 1,253.86 -3.77 SHENZHEN B 192.08
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  • 630 1  -  Over 800 pages of documents plus CD-ROMs spell out key conditions By ALEXANDRA HO [SINGAPORE] A rush-hour downpour did not deter eager bidders from getting their hands on the longawaited Request for Proposals (RFP) for the Marina Bay Integrated
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  • 222 1 Capita Land and MGM Mirage Concept Cirque du Soleii for entertainment, PaceWildenstein Gallery for art; interested in floating company on stock exchange Architect and investment not finalised Guocoland Concept Facilities for sports, gourmet cooking, natural history, museum Architect WoHa Architects investment not finalised Genting International
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  • TOP STORIES
    • 513 2  -  Khoo Kay Peng's vehicle buys 4.03% of bank's parent Killinghall By S JAYASANKARAN in Kuala Lumpur RECLUSIVE Malaysian tycoon Khoo Kay Peng has come to the aid of embattled Southern Bank boss Tan Teong Hean. On Monday, Mr Khoo's MUI
      FILE PHOTOS  -  513 words
    • 75 2 THE proposed acquisition by First Pacific Company of a stake in Del Monte Pacific, reported in BT on Nov 11 under the headline "Salim's HK unit buys 40% of Del Monte", is conditional upon several conditions. As such, the mandatory conditional offer in compliance with the Singapore takeover code
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    • 516 2 S'pore keen to make mark in entertainment media THE Asia-Pacific will remain the fastest-growing region for entertainment and media over the next five years and Singapore wants to be part of that growth. Lee Boon Yang, Minister for Information, Communications and the Arts, said that Singapore aspires to
      516 words
    • 516 3  -  It should be an important node in booming AsiaPacific: Boon Yang By CHEN HUIFEN [SINGAPORE] Asia-Pacific will remain the fastestgrowing region for entertainment and media over the next five years and Singapore wants to be part of that growth. "Singapore aspires
      FILE PHOTO  -  516 words
    • 299 3  -  By SIOW LI SEN [SINGAPORE] Temasek Holdings' risk appetite shows no sign of waning as it makes its third investment in Russia. The investment company said yesterday it has teamed up with Russian investment bank Troika Dialog to co-sponsor a new mid-cap private equity fund focusing
      299 words
    • 561 3 Reuters [STOCKHOLM] The music industry's top lobby group is launching new legal action against the sharing of files over the Internet. The International Federation for the Phonographic Industry (IFPI) said 2,100 legal cases are being pursued, extending the action to five new countries.
      Reuters  -  561 words
    • 654 3  -  It says SIA moves on Sydney-LA leg a 'strategic attack' on Qantas route By VEN SREENIVASAN [SINGAPORE] Opening the SydneyLos Angeles route to Singapore Airlines will not boost Australian tourism and is merely a move by SIA to attack Qantas, the Australian airline's chief
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  • Page 4 Advertisements
    • 296 4 The world's thinnest silicon microphone measures in at a mere I.4mm. n in 43 < I Trust us, SIZE DOES MATTER. 700,000,000 mobile phone units 1,200,000,000 mobile hands-free sets are sold yearly. > Potentially, that's ONE silicon microphone for EVERY UNIT. ***•>•:••■MWr;■ «S#fc~->»•«*.• t-frrmr*-#* **•>»«*• ;>V. *-T- -"T"- *T-! Ill«
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  • COMPANY NEWS
    • 777 5  -  HOCK LOCK SIEW By LESLIE YEE LISTING costs may not be a key factor in companies choosing whether and where to list. The Singapore Exchange (SGX) may be right that its recently announced fee hikes bring it in line with exchanges in
      777 words
    • 538 5  -  Talk of party linked to Kea's successful general offer naming new team By CONRAD RAJ IN a surprise turn of events, the main shareholder of Vantage Corporation, Kea Kah Kim, has quit as chief executive officer and Startech Electronics chairman James Tan Meng Dong has
      538 words
    • 582 6  -  500,000 shares in deemed stake sold in 5 transactions last week By MICHELLE QUAH FORMER Member of Parliament Lew Syn Pau has sold off half-a-million shares in listed Broadway Industrial Group, the same company over which he was charged with breaching the Companies
      582 words
    • 473 6  -  ISDN offers 39.7m shares, HLN Tech 23m shares By MICHELLE QUAH TWO more initial public offerings (IPOs) managed by Westcomb Capital Pte Ltd were launched yesterday just days after the IPO issue manager was barred by the Singapore Exchange (SGX) from submitting new IPO
      473 words
    • 567 7  -  INTERNATIONALISATION OF SGX Miref has forecast annualised dividend yield of 8.4-9.6% By LESLIE YEE MACQUARIE International Real Estate Fund (Miref) is aiming to raise $676 million or up to $776.5 million if an over-allotment option is exercised in full from an initial public
      567 words
    • 233 7 Reuters MALAYSIAN gaming company Genting International, which plans to list in Singapore, may offer to sell its shares at between 16 to 24 US cents each, said a fund manager who attended the company's pre-marketing presentation. Genting International, part of
      Reuters  -  233 words
    • 327 7  -  Keppel Singmarine bags $23 m order from Gulfmark for six vessels By CONRAD RAJ THE latest order for Keppel Offshore Marine means that the Keppel Corporation subsidiary currently has $8 billion worth of work in hand. The group, the world's biggest rig builder,
      327 words
    • 371 7  -  By TEH HOOI LING THE Singapore Exchange (SGX) yesterday announced that it will ink an agreement with China's Zhejiang province to pave the way for easier listings of Zhejiang enterprises on the Singapore bourse. This is SGX's first formal cooperation with Chinese
      371 words
    • 2312 8  -  SPC's Q3 profit surges 68%, Pearl Energy earnings hit record US$7.5m By RONNIE LIM IT has been a sizzling third quarter for oil stocks like Singapore Petroleum Company and Pearl Energy, spiced up by record oil prices due to supply worries and hurricanes.
      2,312 words
    • 256 8 HAW Par Leisure, which runs Singapore's Underwater World attraction, yesterday entered into a joint venture agreement with Chengdu Amusement Park to build an aquarium on its land. The planned Chengdu Amusement Park Oceanarium, which will take two years to construct, will require
      256 words
    • 515 8  -  It gets new logo, makes commitment to remain No 1 By VEN SREENIVASAN SINGAPORE Airport Terminal Services (Sats), the biggest ground services operator at Changi Airport, yesterday launched its new brand image, consisting of a new corporate logo and brand promise to remain
      ARTHUR LEE  -  515 words
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    • 571 7 I. Introduction 4. Course Benefits Information Session r Following the successful launch of the STEP The award is the industry standard for An Induction Day for all those interested in Foundation Certificate and Diploma programmes training in the international trust arena. joining the programme will be given by the in
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  • Page 9 Advertisements
    • 216 9 li official opening of your new j/ Priority Banking Centre 1 At Standard Chartered, we are committed to providing you with exclusive banking services for those who want the best. We are pleased to unveil our new Priority 6Temasek Boulevard Banking Centre at Suntec City, offering our valued Priority Banking
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  • SINGAPORE MARKETS
    • 918 10  -  CURRENCIES That might translate into the likes of a S$1.75 euro and S$1.41-1.45 per 100 yen LARRY WEE Senior Correspondent ALL too suddenly, as is too often the case, everything seems to conspire in favour of the US dollar, allowing
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    • 435 10  -  TRADES TO WATCH Compiled by MICHELLE QUAH WfcSTCOMB Financial Group's CEO Chpo Chee Kong has bought shares in the listed company for the second day running, in the wake of news its issue manager unit. Wdstcomb Capital, has been barred from submitting new
      435 words
    • Article, Illustration
      421 10 OTHER SINGAPORE INDICES Nov 15 VALUE CLOSE BT OB/OS -47.00 -96.00 BT CADI -*****.00 -119.00 BT 10-day MA -*****.00 -5.00 All-SG Equities 572.05 -3.40 SG Equities Elect 119.04 +0.73 SG Equities Fin 1665.57 -8.43 SG Equities Prop 691.16 -6.55 SIMSCI 264.82 -1.97 SiMSCI Futures 265.30 -2.10 MOST ACTIVE STOCKS VOLUME
      421 words
    • 288 10  -  Compiled by UMA SHANKARI City Developments Nov 15 dose: 558.55 CIMB-GK RESEARCH. Nov 1S THE group's results were below market and our expectations. 3Q05 net profit declined 30 per cent year-on-year, mainly due to taxes which were 10-fold higher than last year. Pretax profit rose 10 per cent year-on-year
      288 words
    • 391 10  -  STOCKS R SIVANITHY Senior Correspondent AT one stage, it appeared as if stocks in this region including those in the Straits Times Index were functioning as a sort of advance indicator of how Wall Street might perform later the same day. So, if the Hang Seng Index
      391 words
    • 306 10  -  CHART POINT By YEO KEE YAN, chartist at Kelive Research THE benchmark Straits Times Index tried but failed to punch above the 2,268 level during the past week. With a lack of follow-through gains, the index slipped 40 points off the 2,272 level during
      306 words

  • COMPANY NEWS
    • 305 11  -  Group is ready to switch to electronic mode if a flu pandemic erupts By CHEN HUIFEN NOT even a pandemic of bird flu will be allowed to disrupt work at Informatics Holdings. The education provider yesterday announced plans to switch to an electronic learning platform in
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    • COMPANY BRIEFS
      • 109 11 IN a move to take Wah Shing International Holdings private, South China Industries (BVI) Limited has offered to buy the remaining 37.66 per cent stake it does not already own at 18 cents a share. A joint statement yesterday on the proposal to seek a
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      • 52 11 Reuters SEMBAWANG Kimtrans has won a five-year contract three years fixed term plus two years option worth $43.3 million to supply and operate seven barges for Banpu, Thailand's largest coal miner. Kimtrans said the barges would be used to transport coal along rivers in
        Reuters  -  52 words
      • 67 11 KATOEN Natie SembCorp (KNS) —a 51:49 joint venture between Belgium's Katoen Natie and Singapore's SembCorp Logistics will have a second chemical logistics terminal on Jurong Island, costing $19.87 million. It will have a built-up area of 30,000 sq m and is expected to be
        67 words
      • 148 11 INCREASING global trade and travel demand helped Singapore Airlines fill more seats and cargo space last month, the highest in 16 months. The airline filled an average 70.3 per cent of its combined passenger and cargo capacity in October, compared with 68.3 per
        148 words
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  • SINGAPORE NEWS
    • 445 12  -  JLL figures show rentals for prime office space in Q3 was up 6.2% qoq By ARTHUR SIM BANKS and other financial institutions are the clients mainly responsible for a healthy take-up of offices in Singapore's central business district, says the head of research
      445 words
    • 360 12  -  Building will be completed in mid-2007 By ROLAND LIM JUST 18 months after it established its Asia-Pacific headquarters here, "fabless" semiconductor vendor Xilinx yesterday announced a US$4O million investment in Singapore to build a new building with 20,000 sq m of space at
      FILE PHOTO  -  360 words
    • 252 12  -  By UMA SHANKARI SINGAPORE needs a good business structure in place to support its media industry if it wants to be a media hub, said an international advisory panel put together by the Media Development Authority (MDA). Yesterday, the panel came up with a
      252 words
    • 364 12  -  By MATTHEW PHAN CHINA online gaming firm Sea Sky Net Joy is using Singapore as a base from which to spearhead its international expansion. "Singapore is a leading business hub in Asia, and a bridge to South-east Asia, China and Europe. She
      364 words
    • 501 13  -  Deposit rates have been rising and 3-month interbank rate has hit 3% By SIOW LI SEN ADJUSTMENT of the prime lending rate is looking more and more likely given the sustained rise of the key 3month interbank rate and increases in
      Source: Bloomberg  -  501 words
    • 223 13 THE drive to the shops is carrying relentlessly on. Singapore's overall retail sales index rose 10.8 per cent year-on-year in September, according to figures released yesterday by the Department of Statistics. Total sales in the month were estimated at $2.34 billion although most
      223 words
    • 181 13 THE national design organisations of Singapore and Korea yesterday signed a memorandum of understanding aimed at promoting exchange in matters of design between the public and private sectors of both countries. The agreement was signed by Edmund Cheng, chairman of Design Singapore Council,
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    • NEWS ROUNDUP
      • 67 13 A*STAR's Institute of Materials Research and Engineering and the International Center for Materials Research, linked with the University of California. Santa Barbara, are looking to form a materials science network to promote collaboration by materials science labs in Asia. This will pave the way for
        67 words
      • 61 13 DEFENCE MinisterTeo Chee Hean is on a visit to China from Nov 15 to 20, during which he is expected to meet Chinese leaders including National People's Congress chairman Wu Bangguo, National Defence Minister Cao Gangchuan and State Councillor Chen Zhili in Beijing. Mr
        61 words
      • 57 13 TWO students from the National University of Singapore's School of Design and Environment have become the first Asians to win the Design Lab Award at the International Electrolux Design I.ab 2005 competition. Their winning entry, "Airwash", is a waterless washing unit that cleans clothes
        57 words
    • 375 13  -  By CONRAD TAN THE life insurance industry here is picking up steam after a lacklustre first half, boosted by the privatisation of one of the Central Provident Fund's (CPF) insurance plans. At a press briefing yesterday, Life Insurance Association (LIA) president
      375 words
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  • ECONOMY WATCH
    • 459 14  -  Economists say Malaysia can well accommodate the fund movements By PAULINE NG in Kuala Lumpur MALAYSIA'S Second Finance Minister Nor Mohamed Yakcop has indicated that the recent increase in capital outflows had been anticipated and is not a matter for concern.
      BLOOMBERG  -  459 words
    • 462 14 LATEST US DATA Bloomberg [WASHINGTON] US producer prices rose last month as costs increased for natural gas and heating oil. Excluding energy and food, wholesale prices declined by the most in more than two years, reflecting cheaper cars, computers and clothes.
      Bloomberg  -  462 words
    • 535 14 Reuters IHONG KONG] Japanese firms are back on the acquisition trail, partly to deter potential predators at home and also to placate increasingly feisty shareholders demanding ever greater returns. This time around, Japan Inc's shopping list looks very different from its 1980s
      Reuters; REUTERS  -  535 words
    • 2170 14 *t£T*23 M 1i M W- (HI} Gerrtmg 19.70 -030 2041 A*M Realty .1.54 unch 2 _jOJQ 643 039 ""I* GlobetronicsTedi. O.27 031 2176 ACP Industries— AO -0.01 2 OomacBhd 121 0.01 15 Acfeance Synergy AH -0.01 22 Gold Bridge Engrg .0.12 unch 64 AdwMfta .039 -0.01 53 Golden
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  • Page 14 Advertisements
    • 191 14 Global Third Party Logistics Study I 'n' 22 November 2005 1000 1300 hrs Grand Hyatt Singapore perspectives of third party logistics provider (3PL) customers ill U IML North America, Europe, Asia Pacific, and Latin America. It will provide valuable insights on the emerging trends and issues among key user markets
      191 words

  • MALAYSIA/INDONESIA
    • 369 15 It will do so if Exxon and Pertamina don't resolve oil field row by year-end Reuters [JAKARTA] Indonesia threatened yesterday to take over the US$2 billion Cepu oil block unless Exxon Mobil Corp and state oil firm Pertamina resolve a row by the year-end
      Reuters  -  369 words
    • 437 15 Reuters tJAKARTA] An Indonesian court has tossed out a US$l33 million civil suit against a unit of the world's largest gold miner, Newmont Mining Corp, saying yesterday it does not have jurisdiction to hear the case. The Environment Ministry lodged the case earlier this year against
      Reuters; AP  -  437 words
    • BRIEFLY ASIA
      • 77 15 [HOUSTON] India has huge potential in legal outsourcing, with the number of jobs in the field increasing to 79,000 by 1 2015, the Press Trust of India quoted a study by American research firm Forrester as saying. The study estimated that jobs in the
        77 words
      • 86 15 Bloomberg [JAKARTA] Indonesia, the world's largest liquefied natural gas seller, shouldn't deepen export cuts on the fuel to channel the gas to the domestic market because the move will reduce foreign currency earnings, a government-sponsored team said after a study. The government should
        Bloomberg  -  86 words
      • 88 15 Bloomberg [KUALA LUMPUR] A group representing Intel, Motorola and other US electronics makers in Malaysia cut its forecast for 2005 sales growth to 4 per cent as rising oil prices, Hurricane Katrina and bird flu hurt consumer confidence. Exports by 18 US
        Bloomberg  -  88 words
      • 66 15 Bloomberg [HONG KONG] China Netcom Group Corp (Hong Kong) Ltd, the nation's second-largest fixed-line phone operator, will allow Spain's Telefonica SA to buy an additional 4.9 per cent stake, an investment worth about US$5OO million. Telefonica, Spain's largest phone company, can double its stake
        Bloomberg  -  66 words
      • 74 15 Reuters [SYDNEY/HONG KONG] Australia's Telstra Corp Ltd, said yesterday it has signed a preliminary deal for its Hong Kong mobile operation to take over rival New World Mobile Holdings Ltd, which would create the city's largest cellular operator. The combined group would leapfrog
        Reuters  -  74 words
      • 81 15 Bloomberg [SHANGHAI] China Life Insurance Co, PICC Property Casualty Co and other Chinese insurers increased their investments in the stock market by 43 per cent in the year ending Sept 30, according to official data. Chinese insurers invested 106 billion yuan (5522.3 billion) in yuan-denominated
        Bloomberg  -  81 words
      • 52 15 Reuters [BEIJING] Oil major PetroChina has made a major natural gas discovery near China's top oilfield Daqing in north-eastern Heilongjiang province, the Beijing News reported yesterday. Preliminary exploration showed proven gas reserves in the Qingshen gas field were 100 billion cubic metres, the newspaper
        Reuters  -  52 words
    • 354 15 Reuters [HONG KONG] Malaysia's state investment arm has agreed to pay up to US$6B.7 million to buy a 9.9 per cent stake in IPO hopeful Parkson Retail Group Ltd, according to a pre-sale document obtained by Reuters. Parkson, which runs 39 department stores across
      Reuters  -  354 words
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      152 words

  • GREATER CHINA
    • 426 16 No decision yet on location for listing, says bank official Bloomberg [SHANGHAI] Bank of China, the nation's secondlargest lender, plans to sell shares publicly in the first quarter of next year, following China Construction Bank Corp as the second of the
      Bloomberg; BLOOMBERG  -  426 words
    • 288 16 Bloomberg [SHANGHAI] China's public companies should be allowed to offer stock incentives as part of efforts to bolster corporate profitability and governance, the China Securities Regulatory Commission said in a draft rule published yesterday. Companies would be able to use as much as 10 per
      Bloomberg  -  288 words
    • 120 16 AP [HONG KONG] China Petrochemical Corp (Sinopec Group) plans to partner its domestic rival China National Petroleum Corp (CNPC) to acquire drilling rights to an oilfield in Sudan for about US$6OO million, Dow Jones Newswires reported yesterday, citing an individual who did
      AP  -  120 words
    • 189 16 Reuters [HONG KONG] A Chinese dealer working in London for China's State Reserves Bureau (SRB) may have traded without SRB authority in taking a short position on London Metal Exchange (LME) copper, a senior Chinese official has told Reuters. With copper prices at record
      Reuters  -  189 words
    • 327 16 [BEIJING] China's central bank has quietly kick-started the development of a substantial domestic bond market, allowing companies to get around longstanding restrictions on corporate debt by issuing short-term bills, according to a report in the Financial Times. More than 30 companies have issued
      327 words
  • Page 16 Advertisements
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      47 words

  • INDIA
    • 410 17 Move could follow chief executive's first trip in coming weeks, says report [LONDON/BANGALORE] UK's Tesco pic is planning a possible entry into India, one of the world's largest consumer markets, says a report in the Financial Times. The move by UK's
      BLOOMBERG  -  410 words
    • 235 17 4 [NEW DELHI] Tata Motors is planning to enter the Chinese market and is looking at the option of setting up an assembly unit in the country, the Business Standard reported yesterday. Tata Motors managing director Ravi Kant said this on Monday at the
      235 words
    • 273 17 Reuters [NEW DELHI] India's prime minister is expected to reshuffle his Cabinet soon, the first shake-up since winning power in mid--2004, but is unlikely to change key economic portfolios in one of the world's most robust economies. A series of scandals, job moves and
      Reuters  -  273 words
    • 294 17 [LONDON] India's largest outsourcing group has decided against listing in Britain, shunning efforts by the London Stock Exchange, according to a report in The Times of London. The paper said Tata Consultancy Services (TCS), a US$l6 billion software and services group that
      294 words
  • Page 17 Advertisements
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      163 words

  • ASIA-PACIFIC/WORLD
    • 688 18  -  It aims to further develop regional markets, but not all back the idea From ANTHONY ROWLEY in Hong Kong THE launch of a third Asian Bond Fund (ABF) is under consideration by the region's central banks to give fresh impetus to the development
      688 words
    • 726 18  -  Round-the-World Yacht Race. Leg 2, Race 3, Day 21 BY KEITH FLORY HAVING been allocated this week to share my thoughts, feelings and comments on the ongoing progress of Uniquely Singapore I did initially start to worry about what I would actually write about What would the "real"
      726 words
    • 329 18 AFP. Bloomberg [BANGKOK] A court yesterday ordered the partial privatisation of Thailand's largest utility to be suspended in a move that analysts called an unprecedented setback in the government's bid to attract foreign investors. Electricity Generating Authority of Thailand (Egat) shares had been
      AFP.; Bloomberg  -  329 words
    • 263 18 Reuters, Bloomberg [SYDNEY] Telstra Corp, Australia's dominant telephone company, will slash as many as 12,000 jobs over the next five years as it embarks on a major restructuring to cut costs and lift revenue. The job cuts involving a fifth of its workforce
      Reuters,; Bloomberg  -  263 words
  • Page 18 Advertisements
    • 644 18 WAT3 NOTTCFS X V/ JL X j <*J Toll free: 1800-289-8822 Email: notices@sph.com.sq BUY IT. SELL IT-FIND IT NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR CONTESTONLY.COM PTE LTD (Co. Reg. No. *****2697H) (Incorporated in the Republic of Singapore) Take notice that Mr Lim Yeong Seng, CPA, Approved Liquidator or Kong, lim
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    • 401 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 BAYSIDE MOTION GROUP PTE LTD COMPANY REGISTRATION NO. *****8602H (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 11 Fourth Chin Bee Road Singapore (*****2) on the 10th day of November 2005, the following
      401 words
    • 706 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MBF DISCOUNT CARD PTE LTD (Co. Reg. No. *****1508G) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of the members of MBF DISCOUNT CARD PTE LTD duly convened
      706 words
    • 349 18 NOTICE I, G. R. DAVID NRIC NO. *****447 C apologise to Mandai Gas Cooker Trading for what I have said. This advertisement serves as a gesture of my sincere apology. THE COMPANIES ACT CAP. 59 HAYAKO UTAMA PTE LTD (Coapaey No. *****2366R) (la UquW.rtoe) Extract of the minutes of an
      349 words
    • 362 18 MMjUMMQi BEPtrmur nrgwf.AwiM Company Winding Up I No. 169 of 2005/T In the Matter of Companies Act (Chapter 50) And la the Matter at PACOM S.E. ASIA PTE LTD (RC No. *****1504E) NOTICE OF ADVERTISEMENT NOTICE is hereby given that a Petition for the winding up of (he abovenamed company
      362 words

  • WORLD
    • 501 19  -  HEDGE FUNDS FSA of UK warns managers, banks to shape up or face 'pincer movement' By NEIL BEHRMANN in London US and European regulators are intensifying their cooperation in investigating an epidemic of major financial frauds, particularly those involving hedge funds. In the past year,
      501 words
    • 273 19 The year's large frauds and suits Refco USS44Om in loans allegedly hidden from its August listing prospectus. Former CEO Phfilf) Bennet indicted on securities fraud, wire fraud. He denies allegations Phoenix Kapitaidienst German prosecutors probing alleged falsification of the existence of 700 m euros. Bayou Management- Fraud of
      Compiled by BT. Photo: AP/Bloomberg  -  273 words
    • 479 19 NYT [NEW YORK] Thomas H Lee Partners, the private equity firm that owns more than half of Refco, the collapsed futures and commodities brokerage firm, sued former Refco executives on Monday, seeking to recover at least US$245 million. The lawsuit was filed in US
      NYT  -  479 words
  • Page 19 Advertisements
    • 97 19 lly v.'^r the 3noKv Audi A 4 |1 '^jgßMK^^^Kk with just $©60 downpayment and $11,500 cash rebate*. ....j- qHj^PfPHI^Ri afejj t f «11l 1MB! -h— v r m Ira Hr '"'^^l LJ If The new Audi A 4 Christmas treat. ""■""WiHi*I"**1 < T2fc|||[fc^fcl Wk In technology, design and the incomparable
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  • AVIATION
    • 400 20 It wants to expand network even as other airlines step up presence in India Reuters [BANGALORE] British Airways, which launched its first direct flights to India's high-tech hub of Bangalore last month, said on Monday that it would boost the number of
      Reuters; BLOOMBERG  -  400 words
    • 360 20 China Eastern flew 71 more travellers in Oct Week-long National Day holiday helps boost figures Bloomberg [HONG KONG] China Eastern Airlines Corp, the nation's third-largest carrier, carried 71 per cent more passengers in October than a year earlier, helped by increased travel during the week-long National Day holiday. Passenger numbers
      Bloomberg  -  360 words
    • 297 20 AP [BRUSSELS] The European Commission' is expected this week to propose giving the EU's air safety agency more powers to impose safety rules on all airlines European and non-Euro-pean serving the continent, officials said on Monday. EU Transportation Commissioner Jacques Barrot
      AP  -  297 words
    • 107 20 Bloomberg [SYDNEY] Virgin Blue Holdings Ltd, Australia's second-biggest airline, started a loyalty programme offering passengers overseas flights with Emirates and Virgin Atlantic Airways. The programme, which also includes Virgin Blue-branded credit cards, is part of the discount carrier's strategy to win market share from larger
      Bloomberg  -  107 words
    • 518 20 Bloomberg [TOKYO] Airbus SAS, which has a 4 per cent share of Japan's passenger plane market, said it's confident of winning orders for its A3BO plane from Japan Airlines Corp, All Nippon Airways Co and the country's other carriers. The Toulouse, Francebased
      Bloomberg  -  518 words
    • 284 20 Reuters [NEW YORK] The Boeing Co launched its biggest airliner yesterday, announcing orders worth US$5 billion for a stretched and upgraded version of its 8747 from freight carriers Cargolux and Nippon Cargo Airlines. Archrival Airbus plans to deliver its mammoth A3BO doubledecker
      Reuters  -  284 words
    • 646 20 n* max «i» -tM ill i| siii>— !S M !|H |jj| Hmp*.. aoss gjss I3 lso8 %404 ills !SmW TH137 1100 t T|M36 0710 Si Cairn A07W1 ftgfc— H| »do oijo Tg| j|| ljgjp III! III ji lp ll OSSi -*****-1355 —uaM6 «45 H s%L* sBa
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  • Page 20 Miscellaneous
    • 236 20 CRYPTIC CROSSWORD promissory notes Slinking out with suspi- BE 9K I 13 Anniversaries of ice matches? 17 Room with old bag (7) They may show the way back mH in a saloon (9,6) for long shots when be--26 Mother may question pat- Lmt-—jJ— -LJ—UmJ— 27 Iraq initially will bash artificial
      236 words

  • SHIPPING
    • 703 21 Fall by as much as 7.5% due largely to hike in supply from bigger global fleet Bloomberg [LONDON] Shipping rates for oil, bulk commodities and containers carrying manufactured goods may fall by as much as 7.5 per cent annually
      Bloomberg; BLOOMBERG  -  703 words
    • 277 21 Bloomberg [SEOUL] Shares of Samsung Heavy Industries Co, the world's third largest shipyard, rose to a one-month high after the company posted its second quarterly profit as it built vessels with higher margins. Samsung Heavy shares gained 0.7 per cent
      Bloomberg  -  277 words
    • 804 21  -  STRAIT TALK By DAVID HUGHES THEY say timing is everything in the newbuilding and sale and purchase markets. And Greek shipowners are renowned for often getting their timing just right. It looks likely, according to mutual liability insurer North of England P&I club, that Greek owners
      804 words
    • 407 21 Bloomberg [TOKYO] Nippon Yusen KK, Japan's largest shipping line, raised its full-year profit forecast as profit more than doubled in the second quarter, helped by stronger demand for transporting marine freight. The company expects full-year profit of 92 billion yen (551.33 billion) compared
      Bloomberg  -  407 words
    • 179 21 Reuters [LONDON] Britain's PD Ports pic reported a swing into first-half profit on Monday. It said that the outlook was favourable although it expects slower growth in the trading performance of port operations in the second half. The port
      Reuters  -  179 words
    • 316 21 Reports suggest contract worth one billion euros AFP IPARIS] The French engineering group Alstom has won a contract to build two giant cruise liners for Italian line MSC, the Italian company said on Monday. MSC said that it signed the contract with the
      AFP  -  316 words
    • 299 21 SGX '000 Nov 15 SS W- Vol CH Offshore .037 unch 411 Ch>jan Hup .0.83 -0.01 3990 Cosco Corporation 225 -0.04 4911 CWT Distribution .0.82 0 03 75* Ezra Hldgs 130 -0.04 699 Freight unks 0.07 -001 149 Grand Banks Yacht .0.90 unch 0 Java Holdings 125 0.01
      299 words
  • Page 21 Advertisements
    • 104 21 22-24 Mar 2006 SV-- 7 Asia Pacific Singapore Expo maritime www.apmaritime.com mm TUVALU SHIP REGISTRY 1. Low taxes 4. Active role and representation in IMO 2. Agreements with lACS members 5. Worldwide network of surveyors on surveys and issuance of o K1 statutory certificates 6 No restriction on nationality of
      104 words

  • EDITORIAL & OPINION
    • 525 22 EDITORIAL MORE users are doing their banking online; nothing unexpected in that. What is encouraging, however, is the finding that a growing number of older users are signing on to cyber-banking, and enjoying the experience by all accounts. This augurs well for the connected society that
      525 words
    • 770 22  -  THE BOTTOM LINE FRANK CHING THE visit by US President George W Bush to Beijing this week, the third such visit of his presidency, is likely to focus on economic issues. The president will seek to reduce China's trade surplus estimated
      770 words
    • 1207 22  -  Washington's failure to forge a constructive Sino-American partnership could prove costly LEON HADAR Washington Correspondent AS US President George W Bush prepares to leave on his Asia trip, which will include a visit to China, it's important to restate the obvious: Washington, under
      AP  -  1,207 words
    • 1116 23  -  Firms that aspire to greatness must know how to reconcile company and Asian values to those of their customers JOE BALADI I HAVE deliberately reserved the last two instalments of this branding series for two very important subjects: one that Asian CEOs never get tired of
      FILE PHOTO  -  1,116 words
    • 1210 23  -  By ANDREW KRAMER NYT A FEW years ago, Russia's finance officials could only dream of the problem Russia's Finance Minister Aleksei Kudrin described recently. Thanks to bountiful revenue from oil exports, the Kremlin is in a position to pay US$l5 billion in
      NYT  -  1,210 words

  • Page 23 Advertisements
    • 1233 23 :1 1 dfefc < mmMM, Mat& International Lilfef Company Registration No. *****4222 M (Incorporated in the Republic of Singapore on 30 September 1989) NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Matex International Limited (the "Company") will be held at 3.30 p.m. on Wednesday. 30 November 2005 at
      1,233 words

  • 6438 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to tool cm to if la DM <Sy yr dy yr dy *yr Nov 14 lnd»» Chtrqt Change Oi«nq» Chang* Chang* Ovaoga World 'fide* PretaTunary 997.0 -0.1 9.9 -0.1 &4 -02 38 t EAR Piefiminaiy 919.6 -0.1 19.0 -03 9i -04 43 &epgeheenw*y
    6,438 words

  • 10194 25 SGX MAINBOARD 52-Wk Tel Last Vol Day Last Quote GrtXv Dty GrYM MM MCas Htj» low Co* Cnnni my Sala COOH Hlgli Low Sdtar Cw Wt tJ 75 2 5716 1st Software 5c 2.5 unch 100 2.5 25 25 3 10.1 235 6 3148 8TetecomUS2c 7 unch 232
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  • Page 26 Advertisements
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    • 587 26 INTERASIA RORO SERVKJ I vßsa/voY umn) mangm to kh k» I sw jkt STRAITS VEMTUK 73/05 15 3.2 10/11 13/11 17/11 20/11 22/11 STRATTS VEMTURC 24/05" 15 3.2 24/11 27/11 30/11 03/12 OS/12 STRAITS VBmjK£ 24/05 15 3.2 11/12 25/12 21/12 01/01 03/01 AUSTRALIAN RORO SWVKI 1 vßsa/vor I iampped
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  • Page 27 Advertisements
    • 1183 27 namburgsud.com ASIA SOtVKI SUNG 1 (EXPORT) ASIA SERVICE SUN 6 1 (IXPORT) EU ETA Vaaaal/V«—a SWGAfOM OURIAN SOTTHA MBSB 818 gjjjjjai! Vataal/Vwa SWSAPORt WBIOSMHS RW9RANPI SANTOS ggl GrtiiyapOllW I</11 27/11 07/12 OVI2 11/12 11/12 Mso2tW 10/11 12/12 15/12 17/12 11/12 C*fr»SKW 23/11 o</12 14/12 15/12 17/12 11/12 Caa**Aasso3W 24/11 10/12
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    • 1131 27 <BSa HI I JCT HKG KHH BK KTH PUS VPSEL VOY sBT JKT SUI HKG USX PUS HTPtOGKESS I (MS 17/11 19/11 ?Vll M/ll 21/11 38/1130/11 KMTCPUSAM 20/11 23/11 24/11 29/11 03/12 04/12 HYIKIDGE 103S 24/11 24/11 1/12 3/12 5/12 7/12 7/12 mTCSIHGATOtE SUS 27/11 30/11 1/12 t/12 10/12 11/12
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    • 667 27 m n WEEKLY EXPRESS SAIUNG SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS! VKSa I VOY I SM I PJQANgIcQLOMDO llt SUVA I COLOMIO I |111 I I I ALSO AOPTMG FQ TO OOOW. TUTKORM (VIA COLOMBO) AND KANHA 1 60*1 (VIA N StCVA) CONNKTBK MOTHS VSU
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  • Page 28 Advertisements
    • 1463 28 WAN HAI INTERNATIONAL PTE LTD a NO-, umswoooo/R VW\ WAN HAI LINES V V ITflll llnl hllwbl# Pla TS; (*****4MM1FAX:103) 3342J2M rw TH_ (04) 22*5900 FAX: (04|22*»W V" JOH 71(07) 251W23 FAX: |07)251«*21 SUB IB: (031) BW47J FAX: (0)1) *****14/ *****05 www wanhai cam (a »*»)S2S4IMFAX:(O2I) S2S47MNMH: *****0/*****1 FAX:7I437* www.wwi.t»M.ig
      1,463 words
    • 708 28 vessel voy sin pen vessel vor sw jrr PAC MNP A 1598N 11/11 11/11 PACHNUN 9324 12/11 15/11 -eacmmda um imi I2ZU— m m cy 2301 01W 12/11 13/11 PACHNTAN 9325 19/11 22/11 PACiAHPA am uzu 14/11 KgL Jgj ftisa 14ZD it/11 gfl} P^^MPA liZli— PMIAU 4195 05/12 ~01/12 jgfiM
      708 words
    • 381 28 I*mm ENG LIE SHIPPING CO PTE lID '•»> UMini (10 Uml hu *****010/*****440 I litiHn m I Cl ltoi ismtlllix I VESSEL VOY SM ETA SIN (TD DESTINATION Bumo Atari SI/OS 16/11/2005 17/11/2005 Ouma/PBou/Buom UnonSto 8 49/05 17/11/2005 18/11/2005 Jamhi, TailingTin® SwrCarmd 52/05 19/11/2005 20/11/2005 Duma/Ptnnrang Lknion Star 27 4VOS
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    • 613 28 BSA x MYANMA Rflffi FIVE STAR LINE (Myanmar National Uao) Loading for Yang or VESSEL VOY SIN PKL PEN PGU PAGAN 348W SU> PAGAN 349W SU> IN MALAYSIA: 80USTEAD SHIPPING AGENCIES KUt/PKL 03-*****388 PEN: 04-*****1S JHHi ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKL KUC UON HEART 139 SLO
      613 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8139 29 MHHHPfBHH|K9nfBV9HVVWHpnilHfVIVIMVf9MinHnPBHM is: st.nar as '«r s st. *ta* rr ss. tsr MMMIII8I »WiRWW8«a»«M«MH»aW««MWW«MW» I 2V11 '15/12 Senator I HANJIN VALENCIA HM *****750 'TO ABIDJAN (ABJ) 2003 Cote D'(voire 29/11 23/12 OmStyg CMA CGM MAKASSAR SX191W *****898 24/11 19/12 Delmas DELMAS TOURVIUE 680W *****344 02/12
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  • Page 29 Advertisements
    • 370 29 Taiwan ItfeS kee/khh/txg \Weekly Consol Service/ Ejfl V_ USA All IPI via LAX/NYC (MLB/AWS) LCL/rCL rates! I HUB MARINE fTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPR CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****536, MEUNA LEE: *****187 FTKLANO STOW-YANOON: M»» OTOB-KUCIfrP «WJ vEssa voyage m "sw
      370 words
    • 326 29 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road. 3rd Level, Freight Links F.xpress Logisticentre, Singapore *****3 SOUTH AMERICA fir CHILE kIuB fl| AQABA BUENOS AIRES SANTOS RIO GRANDE RIO DE JANEIRO VALPARAISO CALLAO CANADA M ALEXANDRIA MALTA MAHE GENOA -PANAMA CEBU DALIAN HONG KONG JAKARTA QINGDAO SHANGHAI SURABAYA Booking Hotßiwt
      326 words
    • 242 29 3353^^1/11^2^4/I^2^o/l^B ■MRP9|T)Gasa 336N 19 20/ll 25-27/H 03W/121 ■MUIUITIGBiSKY 337N 22-23/11 06-07/12 1 ilJ'ii I UnfinwiVF 338N 26-27/11 02-04/12 10-11/12 ■■■■■TIGaSKY 339N 29 30/11 06-08/12 13-14/12 1 PMBH|TIGaStA mi 03-04/12 09-11/12 17-11/12 1 007 IS-U/II 23-25/11 03-04/121 ■nFMIMfIHTIGER aiF 018 M 11-19/11 26-21/11 06-07/12 ■SjUUUjBTIGEII SPIRIT 112 20-21/11 21-30/11 09 10/12
      242 words


  • MOTORING
    • 457 31  -  Cycle Carriage offers a chopper cruise to Mercedes buyers By SAMUEL EE MERCEDES-BENZ has demonstrated that when it comes to enticing buyers to its luxury models, the sky is literally the limit. Exclusive dealer Cycle Carriage has launched a promotion that offers a helicopter ride
      457 words
    • 521 31  -  By SAMUEL EE TOYOTA'S soaring registrations have led Singapore's most popular brand to invest heavily in aftersales. facilities, which have also attracted an increasing number of older models. Over the past four years, Toyota's authorised distributor has spent about $10 million on after-sales facilities. Today, Borneo
      ARTHUR LEE  -  521 words
  • Page 31 Advertisements
    • 152 31 super achievers of the business world. We invite you to Businessman of the Year Award Presented to the most deserving individual for corporate success. He or she has exemplary leadership has demonstrated extraordinary business I Enterprise Award Presented to the small or medium-sized company that has distinguished itself through a
      152 words

  • executive Money
    • 1143 32  -  Since the non-profit Credit Counselling Singapore took off last year, it has counselled some 388 cases as at June, reports GENEVIEVE CUA GENEVIEVE CUA AGAINST the backdrop of banks aggressively courting customers with "easy" credit facilities, the spectre of a spiralling debt trap was recently
      1,143 words
    • 952 32  -  By GENEVIEVE CUA SO, you'd like to get an exposure to commodities. Here, at last, is a fund that can give you that with a capital guarantee as well. Barclays has launched its Global Commodities Dynamic Fund, its first foray into the retail funds market
      952 words
    • 345 32  -  By Chua Boon Lee Standard Poor's Associate, Fund Services THERE has been much debate over the durabffity of the out-performanoe by global emergvig markets In the next year.The MSG Emerging Markets index ended the month of October with a cumulative rise of 1124 per cent
      345 words
    • 1326 33  -  MONEY MATTERS Developing control over your finance plays a critical role in determining personal happiness PHILIP LOH STRUCTURAL unemployment is here to stay. Some experts predicted that even in good years, we would still face an unemployment rate of 3 to 4 per cent. In bad
      FILE PHOTO  -  1,326 words
    • 4124 33 UNIT TRUSTS FUNDS Citi Money S«ig Dollar Class I 1.0867/ CM Pan-Europe Equity Find 1.3/ CitiSetect Asia Tilt Balanced 1.46/ N r A lr0 r A (S P 0 1 naMI CitiSeted AsiaT*Growth 1.44/ Star Europe Eqty!" 034* > otiSriect Asia Tilt El* Grih 1.37/ Star Europe Bond .204/ CiOSeiect
      4,124 words
  • Page 32 Advertisements
    • 304 32 SWAT Accounting -> If you are facing any of these: r Outsourcing I "messy" accounts arising from change of systems staff turnover fyQU need short or long-term accounting assistance, for e.g.: inability to meet statutory reporting deadlines ii. your staff are on block leave (e.g. maternity leave, reservist urgent need
      304 words
    • 20 32 MONEY MATTERS Do not let anyone fool you into thinking you can get high returns with low risk. PG 33
      20 words


  • SPIRIT OF ADVENTURE
    • 1008 34  -  A top insurance boss shares with GREG WALDRON the joys of the underwater world and his harrowing experiences as a diver GREG WALDRON FOR Rudi Spaan, president of American Home Assurance Singapore, the perfect holiday partners are the great sharks of the world. The 39-year-old Mr Spaan,
      1,008 words
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