The Business Times, 24 November 2005

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents MICA (P) 089/03/2005 Thursday, November 24,2005 online at http://business-times.asial.com.sg
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  • 849 1  -  DBS and UOB also reviewing such financial arrangements for the elderly By ARTHUR SIM [SINGAPORE] The Housing and Development Board (HDB} is pushing ahead with plans for reverse mortgages that would allow elderly people to pledge their homes for a regular income
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  • 651 1 Reuters [SYDNEY/WELLINGTON] Singapore Telecommunications is in talks to buy Telecom Corp of New Zealand's Australian arm, AAPT, for AsBso million (551.06 billion) ahead of an expected revamp by the country's dominant telecoms company, Telstra, media reported. Telecom NZ said
    Reuters  -  651 words
  • 136 1 STI 2,296.52 (+18.48) ST INDEX FUTURES 2,298.00 (+19.00) SIMSCI ***** (+1.48) SIMSCI FUTURES 272J0 (+2.30) MARKETS Wednesday Change KLSECOMP 902.90 +036 NIKKEI 225 Closed HANG SENG 15,062.35 +176.70 SET INDEX 669.18 -5.07 JAKARTA COMP 1,061.08 -5.21 MANILA COMP 2,103.75 -27.18 SEOUL COMP 1,282.02 +37.52 SHENZHEN B 19&23 +2.0
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  • Page 1 Advertisements
    • 37 1 PROPERTY Robust growth in Asia-Bac investment PG32 CAD CONFERENCE Singapore's regulatory framework sound: MAS official ■Widespread support for whistle-blowing Commercial Affairs Department tells all in book IK -> .^|Hs§ BEAUTIFUL HOMES Sprucing up a semi-detached house 8 II
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    • 11 1 I MM Lee Singapore must learn to take morerisks pg 2
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    • 65 1 MONEY Billions of S'porean savings going to foreign banks pgii i ifl -K ft l !®MV*. IW^UBUUMUHm K Ms? I ;i WSB^^^KB^KHBjjW^m WMMBVHHB^BHPP^ Wmt x NP7 w ;> mi J L w w v 1 fl ML-;.. p*< 'K'Sm, m Rlf-- Jfl ■BBB' Bh W Jfcfc /< 3 •agiaMWWWi .;»888
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    • 7 1 ELECTRONICS f jl|w_ Turnaround looks sustainable PG3
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  • TOP STORIES
    • 529 2  -  By RONNIE LIM [SINGAPORE] Shell has advanced its planned multibillion dollar petrochemical cracker project here to the penultimate stage before a "final investment decision" next year. It said yesterday it has awarded contracts for the Bukom project's basic design and engineering to the
      AFP  -  529 words
    • 47 2 IN our Enterprise 50 supplement yesterday, we carried an article written by Sidney Lim under the headline "Preserving critical knowledge". IBM has clarified that since the article was written, Mr Lim has left the company and is now general manager of Avanade Southeast Asia, Avanade Asia.
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    • 686 2  -  Take more risks and respond to changing operating landscape, he says By CHEN HUIFEN in New Delhi SINGAPORE can remain a major hub amid rising competition from emerging players, but it will have to change its style, says Minister Mentor
      ST  -  686 words
    • 745 2 S'pore chip rebound seen lasting into 2006 ALTHOUGH Sihgapore's electronics sector has picked up slower than that in North Asia, the turnaround here is real and looks sustainable until the first half of next year, economists say. But beyond that, a possible slowdown in the US economy due
      745 words
    • 715 3  -  But beyond that, exports could dip on slowdown in US market: economists By NANDE KHIN [SINGAPORE] Although Singapore's electronics sector has picked up slower than that in North Asia, the turnaround here is real and looks sustainable until the first half of next
      FILE PHOTO  -  715 words
    • 357 3 AFP [BANGKOK] Thailand and Singapore yesterday signed 10 pacts promising 3 billion baht (Ssl 23 million) in investment and aiming to increase business, tourism and educational links between the two countries. "By 2010, or four years from now. trade and investment figures between Thailand and
      AFP; FILE PHOTO  -  357 words
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  • Page 3 Advertisements
    • 19 3 Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email noticesfsph.com.sg.
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    • 118 3 If you are facing any of the following: SK*Y,* You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll
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  • COMPANY NEWS
    • 379 4  -  SINGAPORE-THAI LINKAGE Under an M OU, they will also look at cross-trading of stocks and bonds By CONRAD RAJ SINGAPORE investors may be able to trade in the futures of Thailand's main stockmarket index from next year. The Singapore Exchange (SGX) and the Stock
      379 words
    • 373 4  -  By NANDE KHIN IN the latest sign that Singapore companies' interest in Thailand is growing, three Singapore-listed companies inked business agreements to expand their Thai operations in Bangkok yesterday during a business mission led by International Enterprise Singapore (IE Singapore). The three companies
      FR£ PHOTO  -  373 words
    • 325 4  -  By R SIVANITHY LOCAL investors keen on a taste of Hong Kong's Link Reit(real estate investment trust) when it starts trading tomorrow can do so via three structured call warrants that will be listed on the Singapore Exchange tomorrow. The warrants—issued by BNP
      325 words
    • 722 4  -  HOCK LOCK SIEW By ANGELA TAN SPECULATION is rife that Singapore Telecom's Optus and junior Australian telecoms company SP Telemedia are in talks to buy New Zealand Telecom Corp's ailing Australian business, AAPT. The price is said to be AsBso million (551.06 billion). Optus,
      FILE PHOTO  -  722 words
    • 333 6  -  Despite worldwide bird flu worries, it lodges preliminary prospectus By CONRAD RAJ WITH bird flu a worldwide worry, it may not be, in the words of Charles Dickens, the best of times to list a company involved in the processing and sale of poultry
      LEE SAY WEBSITE  -  333 words
    • 285 6  -  By NANDE KHIN MYANMAR-BASED Yoma Strategic Investments yesterday said it has not given up its hopes of listing on the Singapore Exchange even though its merger agreement with NeoCorp International has lapsed. The company will continue to seek a listing through another merger or
      FILE PHOTO  -  285 words
    • 253 6  -  By LEE KIM SIANG WBL Corp yesterday announced an 84.4 per cent plunge in its full-year profit, and said that it remains determined to take 92.2 per cent owned Wearnes International (1994) private. Major provisions and charges saw the group's earnings for the year ended Sept
      253 words
    • 37 6 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; Broadly Diversified; I Narrowly Focused Lower Risk;^ Low to Medium Risk: Medium to High Risk; Higher Risk; open ended; Before subdivision of units; After subdivision of units; SP after
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    • 362 9  -  Oil prices are rising once more with increasing demand for heating fuel By RONNIE LIM INVESTORS are again warming to recently coldshouldered oil stocks like Singapore Petroleum Company (SPC), Keppel Corporation, KS Energy and Pearl Energy as the Northern Hemisphere winter approaches and
      FILE PHOTO  -  362 words
    • 337 9  -  By RONNIE LIM SESDAQ-listed oil, gas and marine industry supplier Aqua-Terra Supply is negotiating a distributorship with Hong Kong's EMER International Group, which provides electrical equipment for rigs. Aqua-Terra hopes to tie up the deal by next month. At this stage it is not taking a
      337 words
    • COMPANY BRIEFS
      • 64 9 UNITED Overseas Bank (UOB) has entered into an agreement to sell to HSBC Institutional Trust Services (BVI) its entire 50 per cent shareholding— comprising 99,999 ordinary shares of S$ 1 each in the capital of Asia Fund Services, for $2.6 million. Separately, UOB
        64 words
      • 31 9 NATSTEEL's wholly owned subsidiary NSL Resorts International has subscribed for two ordinary Class A shares in the capital of Raffles Marina Holdings at Ssl.oo each.
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      • 63 9 GENTING International, whose shares are traded over-the-counter on the Singapore Exchange, yesterday requested a suspension of trading with immediate effect until the date of the listing of its shares on the mainboard. The suspension is necessary to ascertain the demand level from investors for its initial
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      • 43 9 LMA International has increased its investment in Australian distributor LMA Pacific Medical from 10 per cent to 30 per cent for US$4 million. This takes LMA International's total investment in LMA Pacific Medical to US$4.7B million.
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    • 272 9  -  Sesdaq-listed firm says the contracts worth 2.3m euros By AMIT ROY CHOUDHURY GLOBAL Voice Group Limited (GV), an Irish-founded and Sesdaq-listed owner and operator of fibre networks, has won deals totalling more than 2.3 million euros (554.6 million) in the German, Dutch and Irish
      272 words
    • 276 9  -  By MATTHEW PHAN WITH eight of 11 lines at its second plant already in operation, disposable glove maker Medi-Flex has, in less than a year, nearly trebled its annual production capacity to 1.2 billion gloves. In an update on phase one
      276 words

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  • SINGAPORE MARKETS
    • 520 8  -  STOCKS But brokers talk of difficult trading conditions because of the reliance on overseas markets for direction R SIVANITHY Senior Correspondent THE Straits Times Index dropped 15 points on Monday and Tuesday but bounced up 18.48 to 2,296.52 yesterday, driven by a continuation of
      Source: Bloomberg  -  520 words
    • TRADES TO WATCH
      • 409 8 EUCON Holding's non-executive director Chen Ming-Hsing has become a substantial shareholder of the integrated printed circuit board (PCB) services provider. On Nov 22, Mr Chen bought 16 million shares in the company which amounts to 2.81 per cent of the issued share
        409 words
      • 107 8  -  By UMA SHANKARI CAM-GTF Limited, which is a fund managed by Chartered Asset Management, has reduced its stake in Spindex Industries from 8.37 per cent to 8.04 per cent in a series of transactions over the past week. In separate filings to the
        107 words
    • Article, Illustration
      425 8 OTHER SINGAPORE INDICES Nov 23 VALUE CLOSE BT OB/OS -251.00 +89.00 BT CADI -*****.00 +104.00 BT 10-day MA -*****.00 -25.00 All-SG Equities 582.75 +3.49 SG Equities Elect 125.00 +1.83 SG Equities Fin 1697.56 +7.50 SG Equities Prop 698.06 +9.15 SIMSCI 271.42 +1.48 SiMSCI Futures 272.30 +2.30 MOST ACTIVE STOCKS VOLUME
      425 words
    • Article, Illustration
      932 8  -  Compiled by UMA SHANKARI KS Energy Nov 23 dose: $1.94 KIM ENG RESEARCH, Nov 23 SHARE price performance of KS Energy (KSE) has fallen by over 20 per cent over the past two months, mirroring the weakness in global crude oil prices. The stock's performance also reflects investor
      Source: Bloomberg  -  932 words
    • 545 8  -  CURRENCIES LARRY WEE Senior Correspondent MINUTES of the US central bank's last interest rate meeting released overnight tossed a big spanner into the works for the US dollar, by giving the impression that US policy-makers may have started to consider an eventual hiatus if not
      Source: Reuters  -  545 words

  • Page 9 Advertisements
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      374 words
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  • FOCUS: CAD CONFERENCE
    • 551 10  -  S'pore regulatory regime is sound and robust enough, says MAS MD By WONG WEI KONG RECENT scandals involving companies including China Aviation Oil, Citiraya Industries, Informatics and Accord Customer Care Solutions are evidence of the soundness of the regulatory framework, the managing director of the
      FILE PHOTOS  -  551 words
    • 139 10 'No amount of rules and regulations can stop a management from poor corporate governance if there is no honour and integrity.' -CAD director Tan Siong Thye 'I have three messages to deliver on developing sound corporate governance. One, leadership from the top. Two,
      139 words
    • 641 10  -  By MICHELLE QUAH WHISTLE-BLOWING a term which not long ago might have conjured up negative images of a "snitch" or "trouble-mak-er" became the buzzword of the day at the CAD Corporate Governance Conference yesterday, as speaker after speaker called for Singapore companies to encourage whis-tle-blowing, to
      641 words
    • 440 10  - How not to make money a story told by CAD By WONG WEI KONG THE Commercial Affairs Department (CAD) is telling its story in a book featuring 10 major cases it has cracked since it was formed more than 20 years ago. And displaying a wry sense of humour, the
      440 words
    • 355 10  - No one is above the law, not even GLC directors: CAD CPIB By MICHELLE QUAH NO matter how well connected you are, you will not be given special treatment if you break the law. That was the resounding message from the heads of Singapore's two enforcement agencies, the Commercial Affairs
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  • SINGAPORE NEWS
    • 658 11  -  Citibank, StanChart have received $2.5b new deposits in past 6 months By SIOW LI SEN AFTER years of letting their money languish in local banks and earning next to nothing, Singaporeans are starting to transfer billions of dollars of their savings to foreign banks. Citibank
      658 words
    • 318 11  -  By UMA SHANKARI THE Competition Commission of Singapore (CCS) yesterday published revised guidelines on the Competition Act, following public feedback. The revised guidelines on six areas of the Act involving the CCS's powers of investigation, enforcement, notification of guidance and decisions, leniency programme, transitional
      318 words
    • 347 11  -  By CONRAD TAN CITIBANK yesterday announced the opening of a new branch at the Paragon, and the launch of a platinum credit card aimed squarely at people who shop in the Orchard Road mall. Pushing instant gratification to new heights, Citibank promised that
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    • 263 11 THE government yesterday appointed K Kesavapany as Singapore's next ambassador to Jordan, and announced at the same time three other postings. Verghese Mathews will be High Commissioner to Bangladesh, S Chandra Das will be Ambassador to Turkey, and Leong Horn Kee becomes Ambassador to
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    • 265 11 Oct CPI rises 1.1 y-o-y PRICES in October rose 1.1 per cent year-on-year, according to figures released yesterday by the Department of Statistics. The jump in prices was higher than the consensus analyst estimate of 0.7 per cent. The consumer price index (CPI) for October saw prices in most categories
      265 words
    • 371 11  -  By CHUANG PECK MING PRIME Minister Lee Hsien Loong will be among the first foreign leaders to meet new German Chancellor Angela Merkel when he visits Germany next week after attending the Commonwealth Heads of Government Meeting (CHOGM) in Malta. Mr Lee
      371 words
    • 243 11 COE premiums for big cars bucked the trend by rising slightly as demand in general seems to have softened.* By the end of yesterday's tender for certificates of entitlement, Category B for cars above 1,600 cc had risen $146 to $14,897, as premiums for the other
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  • Page 11 Advertisements
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  • ECONOMY WATCH
    • 540 12 Officials agreed to change the advance guidance about rate increase NYT (WASHINGTON] The Federal Reserve offered its first hint on Tuesday that its long series of interest rate increases could be drawing to an end. Some analysts said the minutes confirmed
      NYT  -  540 words
    • 276 12 Upswing in US consumer sentiment: survey LATEST US DATA Bloomberg [WASHINGTON] Confidence among US consumers rose this month, rebounding from its lowest level in 13 years as people paid less at the gas pump, a private survey showed yesterday. The University of Michigan's preliminary index of consumer sentiment increased to
      Bloomberg  -  276 words
    • 743 12 Bernanke sees no significant change in foreign holdings AP [WASHINGTON] The economy is able to chug along despite record-high trade deficits because foreigners are still willing to invest in the United States. How much longer they will keep pouring money into America is unclear,
      AP; AFP  -  743 words
    • 191 12 Bloomberg [WASHINGTON] Ben Bernanke, the White House nominee to succeed Alan Greenspan as US Federal Reserve chairman, said higher energy costs and a slowdown in housing markets are two main risks to US economic growth. Although the economy has accommodated higher energy prices "remarkably
      Bloomberg; REUTERS  -  191 words
    • 332 12 Reuters [PARIS] The global economy is picking up moderately in the fourth quarter and accelerating inflation will prompt central banks to raise interest rates, according to a survey of corporate economists published on Tuesday. An economic climate index tracked by the International Chamber
      Reuters  -  332 words
    • 669 12 China's copper gamble position rolled forward? Reuters [LONDON] Copper prices fell over US$6O on Tuesday as the market started to question whether a rumoured large Chinese short position has been rolled forward, defusing a squeeze next month. The market is gripped by speculation that a trader working on behalf of
      Reuters  -  669 words
  • Page 12 Advertisements
    • 79 12 VOLKSWAGEN FINANCIAL SERVICES SINGAPORE LTD. *****,000,000 MULTICURRENCY DEBT ISSUANCE PROGRAMME SERIES NO. 007 $$20,000,000 GUARANTEED FLOATING RATE NOTES DUE 2010 Pursuant to Condition 15 of the Notes, notice is hereby given that for the Interest Period beginning on 24 November 2005 and ending on (but excluding) 24 May 2006, the
      79 words

  • MALAYSIA/INDONESIA
    • BRIEFLY ASIA
      • 63 13 Reuters [BEIJING] First Automotive Works, China's largest vehicle maker and partner of is interested in listing abroad within the next five years, its CEO Zhu Yanfeng said yesterday. FAW, which also has partnerships with Mazda Motor Corp and Toyota Motor Co, would join
        Reuters  -  63 words
      • 73 13 Reuters [BEIJING] China's national welfare fund yesterday said it was in talks to invest in the country's two largest banks, Industrial and Commercial Bank of China and Bank of China. The China Securities Journal said last week that the fund was eyeing a stake
        Reuters  -  73 words
      • 119 13 Bernama [PUTRAJAYA] Former prime minister Mahathir Mohamad says it is not necessary to consult the adviser of Proton Holdings on the appointment of the national car maker's new chief executive. "I didn't know. I read in the papers today. I
        Bernama  -  119 words
      • 74 13 Bloomberg [KUALA LUMPUR] Maxis Communications, the biggest Malaysian mobile-phone company by subscribers, said profit fell 7 per cent in the third .quarter from a year earlier. Net income fell to RM4O2 million (*****.2 million), or 16.10 sen a share, in the three months
        Bloomberg  -  74 words
      • 62 13 Bloomberg [NEW DELHI] Indonesia's economy may expand about 5.7 per cent this year, lower than the official forecast of 6 per cent, President Susilo Bambang Yudhoyono said. Growth may slow after the government raised fuel prices and the central bank increased interest rates to
        Bloomberg  -  62 words
    • 438 13 Pertamina says Exxon's insistence on following MOU is irrelevant Reuters IJAKARTA] State oil firm Pertamina insists on being joint operator of Indonesia's' US$2 billion Cepu oil block and talks to resolve the issue with Exxon Mobil Corp are still deadlocked, the company's
      Reuters; REUTERS  -  438 words
    • 4 13 Source: Reuters
      4 words
    • 283 13 Reuters [KUALA LUMPUR] Malaysia has pushed back the sale of a five-year Islamic government bond to December from this month, the central bank said yesterday, reinforcing market talk that an interest rate increase was near. Speculation has been growing that Bank Negara
      Reuters  -  283 words
    • 331 13 Bilateral trade opportunities in many sectors [NEW DELHI] Indonesia has spelt out opportunities for Indian business houses through bilateral trade in sectors like oil and energy among others, according to the Business Standard. Addressing the IndianIndonesian Business session organised by the Confederation
      331 words
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    • 130 13 #0 The Institute of Certified Public University graduates with a Accountants of Singapore (ICPAS) Is recognised accountancy degree or H 1 Singapore's largest professional body. equivalent should submit applications for assessment of If you want to have a distinct eligibility to apply for the ICPAS fIU 1 competitive edge over
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  • GREATER CHINA
    • 449 14 China eyeing Aussie natural resources Less opposition seen in this region than in Europe or US, say analysts [HONG KONG] China's hunger for new energy and commodity sources is driving expectations that Chinese companies are on the prowl for assets in re-source-rich Australia, Dow Jones Newswires reported. So far this
      Source: Develogic,WSI Asia  -  449 words
    • 778 14 It may lead to fuel shortfalls if demand yields surprises Reuters [SINGAPORE] China's move to rein in refinery expansion puts the world's No 2 oil consumer in the delicate position of balancing its desire for a low profile in jittery markets against the risk of
      Reuters; BLOOMBERG  -  778 words
    • 484 14 Reuters [HONG KONG] Parkson Retail Group Ltd, a Chinese unit of Malaysian conglomerate Lion Diversified Holdings, raised US$2OB million after pricing its Hong Kong IPO at the top of an indicated range amid strong demand, issue sponsor BNP said yesterday. Parkson, which runs
      Reuters  -  484 words
    • 400 14 [BEIJING] China has launched a drive to create a domestic venture capital industry to fund companies in high-growth sectors such as technology, according to the Financial Times. The move is likely to increase competition and reduce returns for foreign private equity groups. The
      400 words
    • 338 14 Reuters [BEIJING] China's leadership faces its "first real test" in dealing with avian flu but the financial impact of the disease should not be too severe, an economic strategist said yesterday. Since mid-October, China has reported 20 outbreaks of the deadly HSNI
      Reuters  -  338 words
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    • 361 14 IN THE HIGH COUBT OF THE KPUSUC Of SINGAPORE Originating Summons No. 1844 of 2005/ A In the Matter of Section 73 of the Companies Act (Cap. 50) And In the Matter of GOLDTRON LIMITED (RC No. *****0234E) NOTICE IS HEREBY GIVEN that an application has been made to the
      361 words
    • 26 14 m I LTA mulls over I I linking I I Paragon and I I Ngee Ann City I I I I I 2f> v i Bess
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  • INDIA
    • 458 15 AP. Reuters [WASHINGTON] A delegation of US officials will be in India next week to discuss ways to reduce barriers to high-tech trade while also protecting sensitive technologies and other items from illegal export. Undersecretary of Commerce David McCormick will lead
      AP.; Reuters; AP  -  458 words
    • 429 15 VSNLwill commit US$230m in 3 years to long distance, wireless service AP. Bloomberg [NEW DELHI] Indian conglomerate Tata Group will invest more than US$23O million in South Africa over the next three years to develop and operate telecommunication services, a news report
      AP.; Bloomberg  -  429 words
    • 482 15 Reuters [NEW DELHI] Bullion traders in India say the Dubai gold futures exchange launched on Tuesday has opened the doors for them to hedge in the international market. The Dubai Gold and Commodities Exchange is a joint venture between the government of Dubai
      Reuters  -  482 words
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    • 185 15 Glory after the sweat. Now's the time to honour the super achievers of the business world. We invite you to nominate: Businessman of the Year Award Presented to the most deserving individual for outstanding corporate success. He or she has shown exemplary leadership qualities, and has demonstrated extraordinary business and
      185 words

  • ASIA-PACIFIC/WORLD
    • 519 16 Small Korean MP3 makers complain Samsung selling chips too cheap Reuters. AP [SEOUL] South Korea is investigating Samsung Electronics over accusations of unfairly low pricing in its supply of flash memory chips to Apple Computer, regulatory officials said yesterday. Samsung and domestic rival
      Reuters.; AP; AFP  -  519 words
    • 563 16  -  ASIA INSIGHT Moves to enhance credit of the region's sovereign and other debt issuers deserve support ANTHONY ROWLEY Tokyo Correspondent BACK in the early 80s, as business editor of the Far Eastern Economic Review I was asked to comment on Asian stock markets to a
      563 words
    • WORLD WATCH
      • 74 16 AFP [HELSINKI] A computer virus which has proliferated through e-mails appearing to come from the FBI, the CIA or Germany's BKA criminal police agency, has been spreading more slowly yesterday, Finnish computer experts said. Mikko Hypponen, head of research at-Internet security firm F-Secure, said that
        AFP  -  74 words
      • 82 16 Bloomberg [LONDON] Australian investment bank Macquarie must decide whether to bid for the London Stock Exchange (LSE) by Dec 15, the regulator said. The bank said in August it may be interested in bidding for LSE with partners. "Macquarie must, by 5:00 pm on
        Bloomberg  -  82 words
      • 83 16 Bloomberg [GENEVA] Nestle chief executive Peter Brabeck said its recall of baby milk in Italy, France, Spain and Portugal is a "non-event" and will cost the company 2.5 million euros (554.9 million) at most. On Tuesday, the world's largest food maker said it
        Bloomberg  -  83 words
      • 59 16 Bloomberg [PARIS] Arcelor, the world's No 2 steelmaker, made a hostile C 54.3 billion (556.2 billion) bid for Dofasco to challenge rivals supplying steel to carmakers in North America. The Luxembourg-based firm will offer Css6 in cash for each Dofasco share, a 27 per
        Bloomberg  -  59 words
    • 532 16  -  By ANTHONY ROWLEY in Tokyo FORMER Japanese prime minister Yasuhiro Nakasone has attacked the visits by current Prime Minister Junichiro Koizumi to the Yasukuni Shrine, which he says are harming Japan's relations with its neighbours and allowing China to move "way ahead of Japan in
      532 words
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  • AVIATION
    • 765 17  -  NEWS ANALYSIS Airlines that put off the reductions risk hurting forward demand, reports VEN SREENIVASAN VEN SREENIVASAN WITH fuel prices down some 20 per cent from their recent highs and the spectre of bird flu hovering over the travel trade, some analysts say it is
      BLOOMBERG  -  765 words
    • 187 17 Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd's (MAS) cargo unit, South-east Asia's second-largest, will cut the fuel surcharge on shipments to the US, Europe and parts of Africa for the first time in 11 months after oil prices fell. The levy will
      Bloomberg  -  187 words
    • 283 17 Reuters [PAßlS] Air France KLM posted a stronger-than-ex-pected 56 per cent jump in second-quarter operating profit yesterday, driving up its shares on traffic growth and cost savings from last year's Franco-Dutch merger. The European airline group also firmed up a confident outlook for
      Reuters  -  283 words
    • 137 17 AFP [PARIS] The French Cabinet yesterday approved a plan by President Jacques Chirac to tax airline passengers to help pay for health programmes in the world's poorest countries, a government official said. The levy, which ranges from one euro (Ssl .9) to 40 euros
      AFP  -  137 words
    • 161 17 (SINGAPORE] Passenger traffic through Changi Airport rose 7.3 per cent year-on-year to 2.75 million in October. And daily traffic hit a record as more than 100,000 passengers passed through the airport on three consecutive days over the long Deepavali weekend. In total, the airport handled
      161 words
    • 366 17 Reuters [DUBAI] Dubai-based airline Emirates yesterday said that it is in no hurry to commit to a possible US$B billion order for midsized planes from either Airbus or Boeing Co because it requires design changes by each firm. Emirates president Tim Clark
      Reuters  -  366 words
    • 385 17 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      385 words
  • Page 17 Miscellaneous
    • 287 17 CRYPTIC CROSSWORD 6 Keeps quiet in front of the HB__JBl Hi HB pH 7 Bound to cross river? Made |mJ U —mm 10 Coach royal coach (7) extra pleasant associations (8) JIB 5 The splendour spring 'HI flflT H is welcome! BH___flHPQßi—_Jßiii^^JßßpHß-—_JBi 17 Understand how to convert |13 I I
      287 words

  • SHIPPING
    • 517 18 Bill will open up cargo handling in European ports to competition AP. Reuters [BRUSSELS] The European Parliament is set for a January vote on a hotly contested Bill designed to liberalise cargo handling at European Union (EU) seaports after an inconclusive debate
      AP.; Reuters; REUTERS  -  517 words
    • 425 18 Falling demand for vessels prompted rate reductions Bloomberg [LONDON] The cost of shipping commodities such as iron ore and coal fell for a sixth consecutive day, reaching its lowest in more than two months, as ships available for November hire outnumbered cargoes.
      Bloomberg  -  425 words
    • 347 18 AP [LOS ANGELES] Increasing levels of ocean noise generated by military sonar, slipping, and oil and gas exploration is threatening dolphins and whales that reiy on sound for mating, finding food and avoiding predators, according to a report. £The report released on Monday by
      AP  -  347 words
    • 299 18 SGX '000 Noy23 g +1- Vol CH Offshore .0.37 0.01 1020 ChuanHup .0.82 unch 2800 Cosco Corporation 2 34 0.03 6531 CWT Distribution 0.80 unch 0 Ezra Hldgs 1.39 0.09 3048 Freight Links 0 06 unch 217 Grand Banks Yacht 0.88 -0.03 1 Jaya Holdings 1.23 -0.01 617
      299 words
    • 348 18 Busan Port handles 1.1 more boxes in Oct Bloomberg [SEOUL] Hutchison Whampoa Ltd, Hanjin Shipping Co and other operators of South Korea's Busan Port, the world's fifth-busiest, handled 1.1 per cent more containers last month, helped by growing trade with the United States and Europe. Busan port handled 1.01 million
      Bloomberg  -  348 words
    • 512 18 Bloomberg [LONDON] The cost of shipping crude from the Middle East to refineries in Asia on two-million-barrel oil tankers may extend last week's 13 per cent gain because of a shortage of vessels for December shipments. Freight rates for tankers called very
      Bloomberg; BLOOMBERG  -  512 words
    • 223 18 Xinhua [KUWAIT CITY] Kuwait will provide a loan of 15 million Kuwaiti dinars (SsB7 million) to finance the construction of a port in Bahrain, the official Kuwait News Agency (Kuna) reported on Monday. Kuwait's Arab Fund for Economic and Social Development (AFESD) announced
      Xinhua  -  223 words

  • LOGISTICS
    • 879 19  -  The glamorous fashion world relies on logistics firms to iron out wrinkles in the supply chain, says IVO VERHEYEN IVO VERHEYEN THE glamour of the catwalk, fashion spreads in glossy magazines and the ringing of cash registers in high street boutiques: these are the visible parts
      879 words
    • 202 19 Reuters [BUSAN, South Korea] FedEx Corp, the world's top air express shipper, expects a boost from its new China hub to be opened in late 2008, as the industry is set to benefit from a continuing inter-Asia cargo growth, a senior executive
      Reuters  -  202 words
  • Page 19 Advertisements
    • 246 19 V- -lr. it:, w, .v; v 1" 4 -'/J. v V 'f) 4 j.., l.< t VV '.Viv T'■ 0.*,. 1 A' V >], y 1 v X S •*j \f£'*■{&' ~v i v '.'•'c'V-ijt'"jfi- v 5 v X 4 m'U >i, ''v I' f ."--V-.'.' h; w■ T i.
      246 words

  • EDITORIAL & OPINION
    • 498 20 EDITORIAL UNDER the so-called "yellow pages rule" a term coined by the Economic Review Committee, set up in 2000 to restructure the economy the government should avoid producing goods or services that can be found in the yellow pages; if the private sector is doing
      498 words
    • 1002 20  -  European Commission chief's key failing is his failure so far to make a mark on EU policies SHADA ISLAM Brussels Correspondent JOSE Manuel Barroso completed one year as head of the European Commission this week but few in Brussels believe he has much
      AP  -  1,002 words
    • 711 20  -  THE BOTTOM LINE CHET CURRIER Bloomberg IF the next chairman of the Federal Reserve, Ben Bernanke, succeeds in making the Fed more "transparent", imagine how life might change for investors. Gone might be a lot of the guesswork involved in deciding when to buy bonds
      Bloomberg  -  711 words
    • 1323 21  -  Thailand, India, S'pore are battling to become healthcare hubs for global patients seeking affordable specialist treatment By SHINO YUASA AFP CATCH some sun, take in a few golden temples, and get a new hip. It's an unlikely but increasingly popular itinerary for foreign visitors who are
      AFP  -  1,323 words
    • 848 21  -  ROBERT SAMUELSON The Washington Post Writers Group GOOD policy can make for good politics, and bad policy can make for bad politics. Republicans may be about to discover this truism with their Medicare drug benefit, passed by Congress in 2003 and scheduled to take
      The Washington Post Writers Group; AFP  -  848 words
    • 201 21  -  LETTER TO THE EDITOR Tan Kok Leong Principal TKL Consulting I REFER to comments in "Views From The Top" (BT, Nov 21) on the topic "How integral is creativity to the running of a successful business and what can be done to enhance corporate creativity?"'
      201 words

  • Page 21 Advertisements
    • 103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter6sph.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

  • 9305 22 SGX MAINBOARD 52-Wk Td Last Vol Day LactQuoto GrtXv W* GrYtd Nat MCan Hi# low Coda Company Sala COOP) Htfi low fcur Sdhf Cw WE S^l 7.5 2 5716 1st Software 5t 2.5 unch 120 2.5 2.5 2 3 iai 215 6 3148 8TelecomUS2c .'.7.5 +0.5 638 7.5
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  • 3260 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES ta tool tun In S) In UM u %dy yr dy yr dy %yr t.-gev Cli*iig« OmnQ> CT>«nq» Ch»nq> Wcrtd Irdpt Prriimrarii 952.g 00 11 i -0.1 9.8 AI 54 tAFE FwfcniiatY SB4.5 0.0 210 <12 102 -0.3 54 Europe Preliminary ***** 02
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  • Page 24 Advertisements
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    • 478 24 |INTERASIA RQRQ SERVKI vgsa/voT Itargn) hbgniw) m km m aw jkt STRAITS VtMTUK 24/05 IS 12 24/11 27/1! 30/11 03/12 OS/12 SIUmVBITUK 24/05 15 12 11/12 21/12 24/12 29/12 31/12 AUSTRALIAN RORO SERVICE vßsayvor wmni hb6hiw| ia aT m syp m mm ulsk| la MNtt/tf 50 4.5 30-3000 02-02/11 14-14/11
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  • Page 25 Advertisements
    • 1216 25 www.homborgsud.com I M> «!<« sum 1 (ixpwn asm service sung 2 (export) ETA ETA VtMrf/Vtrt. «"6APORE PURIAN SOTTIOA SANTOS ITAJAI PARANA6UA fmdQam SM6APORI '■'Mf r'THf MW TfffWl CornnadaraOUW 3(1/11 11/12 21/12 22/12 24/12 25/12 C^«|yhiSo3W 24/11 19/1J 21/11 N/12 25/12 Uona Smjopor. 505W 07/12 11/12 21/12 29/12 11/12 01/01 CapCorlasSOfllf
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    • 1137 25 VESSEL VOY SIN JKT HK6 KHH IWC KTH IDS VBSEI VOY T JKT SU» HKG USW PUS HTYUDIVOSTOK IMS 1/1? VI! Vl2 H/12 12/12 14/1214/12 KMTC SINGAPORE SI6S 27/11 30/11 1/12 6/12 10/12 11/1? HY PROGRESS 10SS 1/1? 10/12 15/12 17/12 19/12 21/12 21/12 KMTC JAKAKTA SUS 4/12 7/12 «/12
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    • 727 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOY SIM PJOAHG COLOMIO W. SHEVA COLOMIO HOOTAHHIDfif 004/W 05DEC 0* DK 10 DK 13 DK UDK IP mmzi. 12PEC 13 DK liM UM 2LM IWDIIU GAWPHI OOWW ItDK 18 DK 23 DK 26 DK 21
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  • THE BUSINESS TIMES SHIPPING TIMES
  • Page 26 Advertisements
    • 658 26 VESSEL VOY SIN PCU VESSEL VOY SMI JUT CSF 2301 0203P 24/11 25/11 PAC MNTAH <326 S7TI W/ll mmm \jm uw 25/n pmmu —zmzzmzz WCIANDA 1609N 26/1J 26/11 g™ g?!l ffflj _SL23fi] S2ME 24Z11 V!\\ ttJI M i*WD* 1610N 27/11 gggg*" g j jSCUffiS mill azii b/il. wSS 1 -TO?
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  • BizIT
    • 609 28  -  Internet advertising and access spending will grow, reports ROLAND LIM ROLAND LIM Broadband access spending will be a key driver fuelling the growth of Singapore's entertainment and media (E&M) industry, according to a recent PricewaterhouseCoopers (PwC) study. r Speaking to BizlT, London- based Greg
      609 words
    • 772 28 Bloomberg [SAN FRANCISCO] Microsoft Corp went out of its way to court Electronic Arts Inc, the world's largest developer of video games, to help make its US$l2 billion investment in Xbox a success. Electronic Arts studio manager Nick Earl was eight weeks from delivering
      Bloomberg; BLOOMBERG  -  772 words
    • 453 28  -  Centre aims to show benefits of grid computing to SMBs By AMIT ROY CHOUDHURY IN a major fillip to grid computing here, three major Information Technology (IT) vendors have set up a new grid computing centre in Singapore. Sun Microsystems. Oracle and
      453 words
    • 333 28 Computer server sales up 8.1 on low-cost units Reuters [SAN FRANCISCO] The worldwide market for server computers used by businesses grew 8.1 per cent in the third quarter, fuelled by lower-priced systems as companies seek to contain costs, market researcher IDC said on Tuesday. International Business Machines Corp kept its
      Reuters  -  333 words
    • 386 28 [SAN FRANCISCO] The US movie industry won an important symbolic breakthrough in its fight against online piracy on Tuesday as it announced an accord with the creator of a technology that is widely used for copying movies and TV shows illegally over the Internet,
      386 words
    • 773 29  -  Gartner survey shows Nokia the clear favourite of S'porean customers By AMIT ROY CHOUDHURY NEW data suggests that the third-generation (3G) mobile telephony market in Singapore is picking up. Research agency Gartner, in its latest report on mobile market trends for the
      REUTERS  -  773 words
    • 431 29 Bloomberg [NEW YORK] US purchases over the Internet jumped 26.4 per cent in the third quarter from the same three months last year, the biggest year-over-year gain since early 2004 and a sign more consumers will use
      Bloomberg  -  431 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 51 29 *%4&k .Jd fcfcf^^—. Pw m m iJ| DofnT]{«ll ■kMi^^J 9 JH UJjUJmMMV I Mi fe^Hßfc^l Berndcs product* draw for parf/n^/t^o/Qt^^^^^^^^^^W 1 fS>l LfcW<fcUO,!l y cS2£v HOTEL PHOENIX fffl f S **S| f*C, APOKfc fr«Ha For enquiries, please call 6233 6129/6233 6151 Z77(kIMM fl http://www.hotelphoenixsingapore.com/PhoenixCafeDeploy/promotions TeM65) 6737 ssee Fa*<6s) 6732 2024
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      401 words

  • BEAUTIFUL HOMES
    • 621 30  -  But experts can't give an accurate assessment, reports ARTHUR SIM ARTHUR SIM PRICES for semi-de-tached and terraced houses have been inching up slowly. According to the Urban Redevelopment Authority's latest Q3 2005 property statistics, prices for terraced houses in the Central area increased by
      621 words
    • 462 30  -  FEATURE HOME OF THE WEEK By ARTHUR SIM TORN between moving to a new condominium and staying on in the old semi-detached house. Vincent Low decided "sentimental value" was worth more than the comfort and convenience a new development could provide. After
      462 words
  • Page 30 Advertisements

  • PROPERTY
    • 794 31  -  Bank of England governor's bullish call is premature, says MATTHEW LYNN MATTHEW LYNN Bloomberg EVERYBODY relax. The British housing crash has been cancelled. We can all get back to browsing real-es-tate brochures, and calculating how much richer our house has made us
      Bloomberg; BLOOMBERG  -  794 words
    • 206 31 Reuters [MELBOURNE] Macquarie Countrywide Trust which owns shopping centres anchored by supermarkets in Australia, New Zealand and the United States said yesterday that it is looking to expand into Europe. Its move follows a growing trend of Australian property trusts turning their attention to Europe after
      Reuters  -  206 words
    • 13 31 Applies to landed property
      13 words
    • 507 32  -  First half saw investment hit US$237b, 18% up from H1 2004 By ALEXANDRA HO GLOBAL direct real estate investment is expected to jump to record levels of US$55O billion this year, fuelled by growth in Asia Pacific. For the first half of this
      BLOOMBERG PHOTOS; Source: Jones Leng LaSalle  -  507 words
    • 450 32 Reuters [KUALA LUMPUR] Malaysia's Starhill Real Estate Investment Trust (Reit), a property trust controlled by diversified firm YTL Corp Bhd, plans to raise RM523.4 million (***** million), in a public share sale. In July, Starhill had hoped to raise a larger amount, proposing to
      Reuters  -  450 words
    • 149 32 AN international property show is making its debut in Singapore this weekend, showcasing projects from all over the world. The SMART International Property Expo, which had two successful runs in Hong Kong, will be held at Sun tec Singapore International Convention and Exhibition Centre.
      149 words
  • Page 31 Advertisements
    • 70 31 insgaaißßf 5 Balmeg Court Large Hilltop Condo Site with Seaview onm North Land 172,373 sf; Freehold IIBKI GPR 1.4/ 5 storeys otnza fa imß&MslimM■ Within 100 m only from West Coast MRT station iwwii ijWprilTiiiii scMncpM. IteL Elevated; Seaview even from ground level o hvw pa/ Potential for 200 units
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    • 240 31 glj Site Area 25.781 sq ft East Coast I Rotd PfM Plot Ratio: 1.4 EBSI M ■BiHHHI East Coast Tarraca Height: (up to 5 storeys) MariwPw* f Tenure Freehold <umm 1 Tender Closing Date 19 December 2005 (Tues) EAST COAST EXPRESSWAY For information or tender documents, please contact Sole Marketing
      240 words