The Business Times, 9 March 2006

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Total Pages: 33
1 34 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sq MICA (P) 099/03/2006 Thursday, March 9,2006
    17 words
  • 487 1  -  Some US$2b of industrial property in region will go into portfolio By ARTHUR SIM [SINGAPORE] Mapletree Investments the unlisted property arm of Temasek Holdings plans to launch a second real estate investment trust (Reit) in 2007 and is negotiating to buy more than US$2
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  • 711 1  -  In S'pore, 2 exec search firms are jostling for top spot By ANNA TEO [SINGAPORE] The economic upturn of the past two years and the pressing need to fill more jobs have fuelled an emerging new trend outsourcing the recruitment process. Other
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  • Page 1 Advertisements
    • 61 1 1 S'PORE Wb££ enterprises Engaging the ff7> o Russian bear reis V dttei MP 4H I r& *hbki®®**^^^b «HMF^I ||^B AP ANTI-THAKSIN DRIVE Thai stocks down: Shin Corp shares plunge; protesters threaten to boycott nearly 100 Thaksin-related firms and products pg 21 ENTREPRENEUR OF THE YEAR Eight outstanding entrepreneurs from
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    • 18 1 COMPANIES Bonus share issues: boon or bane? PG 5 ii mi B^B7lB1 T *****4 Markets Digest Pg 4
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    • 27 1 NEW JOB Ttemasek appoints first chief financial officer i PROPERTY Not all en bloc sales fetch high prices PG 34 liF||^^^^ggjjp^|Ejp|jEs?p^^^^^^Mp%. 4 ml ri ~~~T~ T m*Jm
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  • TOP STORIES
    • 439 2  -  Concord expects to complete project by end-2007 By RONNIE LIM [SINGAPORE] Singapore is seeing its first "greenfield" refinery investment in a long time and surprisingly, not by a multinational corporation but a homegrown oil trader. Concord Energy yester- day announced that
      439 words
    • 501 2  -  Paper will be available from Tuesday to Saturday, starting June 1 Byi ON BOON PING [SINGAPORE] Media group Singapore Press Holdings (SPH) is launching a free Chinese morning newspaper Singapore's first on June 1. The paper, to be available daily from Tuesday to Saturday, will
      501 words
    • 592 2  -  More than 55% of 110,800 new jobs went to S'poreans and PRs By DANIEL BUENAS [SINGAPORE] The employment market sizzled last year, with a record number of new jobs benefiting Singaporeans "across the board", Manpower Minister Ng Eng Hen said yesterday.
      Source: MOM  -  592 words
    • 528 2 Temasek names its first chief financial officer TEMASEK has appointed Leong Wai Leng as its first chief financial officer. Ms Leong, 50, who stepped down as deputy chief executive at Raffles Holdings last November following the completion of the group's divestment of its entire hotel business to US-based
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    • 435 4 Leong Wai Leng likely to have hands full with Temasek's fast growth By Slow U SEN [SINGAPORE] Temasek has appointed Leong Wai Leng its first chief financial officer. Ms Leong, 50, who stepped down as deputy chief executive at Raffles
      435 words
    • 699 4  -  Issue features in case involving the estate of ex-Sime Darby chairman By GENEVIEVE CUA [SINGAPORE] If you are wealthy with homes in more than one country, your country of domicile could be a pivotal issue in the division of your estate even if you
      699 words
    • 138 4 Dsn 2,502.60 (+13.45) ST INDEX FUTURES 2,503.00 (+13.00) siMsa 295.56 (+0.93) SIMSa FUTURES 294.60 (-1.30) MARKETS Wednesday Change IPSE COMP 913.53 -1-68 NIKKEI 225 15.627.49 96.53 HANG SENG 15.493.09 -109.27 SET INDEX 723.86 -14.50 JAKARTA COMP 1,233.5% -12.655 MANILA COMP 2,099.26 -22.65 SEOUL COMP 1,314.05 -2.62 SHENZHEN B
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  • Page 2 Advertisements
    • 146 2 strali A 1 Tertiary Secondary Schools Showcase 18 -19 March 2006 Suntec Singapore, Hall 401, Level 4 12 pm 6 pm Meet over 40 world-class secondary and tertiary institutions Includes Specialty studies: Hospitality, Tourism, Creative Arts and Media 1.00-1.45 p.m Biomedical Science Film Production Learning, Culture 4 Society The University
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    • 8 2 people Roaming Asia-Pacific. Www th<?pe< lplontwoi k com
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  • Page 3 Advertisements
    • 981 3 Ft-*s^/ 4%®r tnJ O Y %0r f\o/ >?" y W'l '0 ASCOTT M preferential RESIDENCE yield TRUST t J* pr 'i: K&nMSSr* WKKRZWL s# ||w SM# r f j|Hj jl, ?f§* %&m&h Ascott Resklence Trust (ART) The first seivlced residence f t Entitlement to purchase the units by Ascott Shareholders
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  • Page 4 Advertisements
    • 155 4 > i /'"I |P^^:-'v- ~Jr M i y\. |M 1 I F :P® W mm^sssSSSSSSSEESSSSSSBSB IT I lr!i.„» <> j —i—viz. > f nrttUlFH^H B ':SH Bfc r "BjM jp?^-Je| p<rß A V g m r Our latest innovation is designed to achieve a lofty goal. Maximum customer satisfaction. Our
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  • COMPANY NEWS
    • 540 5  -  They are generally welcomed, but could hold negative implications as well By WONG WEI KONG THE recent results season has seen a host of bonus share issues free stock distributed to a company's existing shareholders. Buoyed by strong earnings, various companies announced bonus issues
      540 words
    • 505 5  -  By MICHELLE QUAH CHINA Aviation Oil's (CAO) former chief executive Chen Jiulin is set to plead guilty next week to six of the 15 criminal charges levelled against him, Deputy Public Prosecutor Daniel Koh revealed at a preliminary hearing yesterday. This suggests
      BLOOMBERG  -  505 words
    • 235 5  -  By UMA SHANKARI SESDAQ-LISTED Advanced Holdings has proposed a two-for-one split of the company's shares which will raise the number of issued shares from 129.43 million to about 258.87 million. Advanced's managing director Kar Wong said that the proposed stock split will increase the
      235 words
    • 617 5  -  HOCK LOCK SIEW By TEH HOOI LING THERE have been no fewer than four sales of major assets by companies listed on the Singapore Exchange in the last 12 months. Just this week, SembCorp Industries announced that it has decided to sell its 60 per
      617 words
    • 151 5 Bloomberg SHARES of Mobile One Ltd (Ml), the smallest of three mobile-phone companies in Singapore, rose yesterday, headed for their highest close since their debut as analysts speculated that Telekom Malaysia Bhd was raising its stake. Ml stock gained 4.7 per cent
      Bloomberg  -  151 words
    • COMPANY BRIEFS
      • 100 5 HLN Technologies' wholly owned subsidiary, HLN Micron Pte Ltd, has entered into a non-binding memorandum of understanding with the shareholders of Promax Precision Engineering Pte Ltd to acquire a majority stake in Promax. The latter is in the business of manufacture and sale
        100 words
      • 91 5 SUPER Coffeemix Manufacturing Ltd said it has subscribed 706,000 shares for cash as an initial capital in Sentosa Land Pte Ltd (SLPL), representing the company's 35.30 per cent shareholding in SLPL. SLPL is a joint-venture investment holding company formed between the company and various joint-venture
        91 words
      • 64 5 NEWLY listed Star Pharmaceutical, which manufactures and sells prescription drugs, yesterday reported record revenue and net profit. Net profit for 2005 climbed 21.2 per cent to 48.3 million yuan (S$9.8 million) from a proforma 39.9 million yuan, while revenue increased 26.3 per cent to 116.5
        64 words
      • 51 5 HOTEL Negara said United Overseas Bank has agreed to restructure its $26.5 million banking facilities to the company. The restructured facilities for an aggregate principal amount of $23 million for a term of five years will be due for repayment on Dec 15,
        51 words
  • Page 5 Advertisements
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  • SINGAPORE MARKETS
    • 543 6  -  STOCKS New all-time highs for Jardine group and late push on some index-linked stocks help STI reverse 14-point loss R SIVANITHY Senior Correspondent IT has been said before in this column but it bears repeating one of the best strategies investors can adopt in
      Source: Bloomberg  -  543 words
    • 1005 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Mar 8 and earlier) Subsantial Mo of Price SHAREHOLDING SufecwtM Mo o* Mm SHAREHOLDING T rare Shareholder' Buy/ Shares Per Before After Tram Shareholder/ Buy 1 Shares Pw Before After Stodi Date Director Sell 000 Shr S TOOO) COOP) Stock Date
      1,005 words
    • 962 6  -  Compiled by UMA SHANKARI Ascott Group March 8 close: $1.05 ÜBS INVESTMENT RESEARCH, March 7 ASCOTT Group is currently the largest serviced residence operator globally outside the United States, with about 15,000 keys spread across 40 cities in 17 countries. Management aims to increase the number of keys to
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    • 538 6  -  CURRENCIES LARRY WEE Senior Correspondent CENTRAL banks have hogged the attention in currency markets this week. Several of them have held meetings to decide on interest rates, with largely expected 0.25 per cent increases confirmed by the central banks of
      Source: Reuters  -  538 words

  • COMPANY NEWS
    • 548 7  -  Stake in Indian mobile phone firm said to have cost 15b rupees By ANGELA TAN TEMASEK is buying a stake of just under 10 per cent in an Indian mobile phone company from the Tata group, for which it is believed to be paying
      548 words
    • 197 7 SINGAPORE Exchange (SGX) is seeking public comment on a proposed framework for the listing of hedge funds. In a statement yesterday, SGX said because hedge funds have different risk characteristics compared with other investment funds, a robust framework is needed. It is
      197 words
    • 462 7  -  Salary bands up $0.5m-$1m despite 59% dip in profits By LESLIE YEE DBS Group's head honchos Jackson Tai and Frank Wong received big pay rises last year a year in which profits at the Singapore bank fell 59 per cent it
      462 words
  • Page 7 Advertisements
    • 26 7 Joining forces? J Announce the good news. Call 1800 289 8822 or email notices@sph.eom.sg to book your corporate notice in our newspapers now. NOTICES I 3
      26 words
    • 59 7 HITACHI JSr 4~ A Make critical business decisions with an overview of tOiiipflflylTsyste Jm? m I Possess adequate knowledge to accommodate changes in today's ,4 m- x i 9 aggressive business environment and retain your company's 4& f W competitive edge. Realise your company's potential growth. 9 Start with the
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  • SINGAPORE NEWS
    • 571 8  -  YESTERDAY IN PARLIAMENT Eng Hen: Crucial to help Singaporeans 'save for a secure retirement' Reports by DANIEL BUENAS THK Central Provident Fund (CPF) Roard has formed an international CPF Advisory Panel (CAP) to advise on broad strategies to enhance the retirement adequacy
      FILE PHOTO  -  571 words
    • 325 8 THE government is setting aside a new bursary of $800 per year to help Beedy university students defray education costs. Education Minister Tharman Shanmugaratnam announced yesterday. Mr Tharman, who was answering concerns raised by MPs on the cost of education and the recent university
      325 words
    • 443 8  -  By LESLIE YEE BANKS can expect to move further along the path of outsourcing many functions to specialists while focusing on their core strengths, said Sunny Baneijea. global banking leader of IBM's business consulting services. According to US-based Mr Banerjea. "banks
      443 words
    • 102 8 EVEN as Singapore's banks move to the five-day clearing week come May 15. transfers between accounts in the same bank can still be done on Saturdays at all three local banks DBS Bank, United Overseas Bank (UOB) and OCBC Bank. For DBS,
      102 words
    • 188 8 THE Elections Department has made and corrected errors in the numbering of 22 polling districts in the Buldt Panjang, Holland-Bukit Timah and Tanjong Pagar electoral divisions. They were wrongly numbered as a result of human error and technical glitches, Elections Department head Lee Seng Lup
      188 words
    • 233 8 IN a further sign of the recovering property market, the Urban Redevelopment Authority's (URA) successful public auction of 11 parcels of unrestored conservation shophouses yesterday not only drew strong bidding, but the prices fetched were also higher than those in the last auction in
      233 words
    • 254 8 WOMEN in Singapore are making strides towards so-cio-economic parity with men, according to research by MasterCard International. Singapore registered a 37 per cent rise on the latest gender equality index, from a score of 61.27 to 84.02. This was far ahead of the
      FILE PHOTO  -  254 words
    • 400 8  -  By AMIT ROY CHOUDHURY THE annual infocomm manpower survey for last year shows that 111,400 people were employed in the infocomm sector in Singapore the highest ever and represents a 3.1 per cent rise over the 108,000 people employed in 2004. The
      400 words
    • 583 9  -  Manufacturers here can earn carbon credits to sell to other countries By MATTHEW PHAN, UMA SHANKARI BUSINESSES here are unlikely to face increased costs from Singapore's accession to the Kyoto Protocol on climate change, but may benefit from new investment opportunities, it emerged yesterday. The
      REUTERS  -  583 words
    • 309 9  -  By MATTHEW PHAN PROJECTS valued at US$l5 billion are being planned for the Greater Mekong subregion, which includes Cambodia, Laos, Myanmar, Thailand, Vietnam, and the province of Yunnan in China, a development forum was told yesterday. John Cooney, director of the infrastructure division
      309 words
    • 218 9 THE JP Morgan Corporate Challenge, a 5.6 km road race for busy corporate citizens, will take place here on April 26 and is expected to draw more than 10,000 runners from 300 companies. For many companies, it will be a good opportunity for
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    • 247 9 PREMIUMS for all categories of certificates of entitlement rose yesterday amid concern about next year's smaller COE quota. The first COE tender for Quota Year 2006 which starts with April's first open-bidding exercise will have between 4 and 21 per cent fewer COEs. And
      247 words
  • Page 8 Advertisements
    • 66 8 Hi-Tech Space KA Centre and KA Place ""1 Prime 7-storey light industrial buildings 1 Floor area 1,304 to 16,267 sq ft Suitable for 'office-like' businesses f* Located off MacPherson Road Feeder Bus to Aijunied MKT Air-con, false ceiling and lights Air-con food court and cafe Tien Chee 8100 0129 Brenda
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  • Page 9 Advertisements
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  • ENTREPRENEUR OF THE YEAR
    • 441 10  -  The finalists of this year's Ernst Young Entrepreneur of the Year Awards are marked by their innovative spirit By DANIEL BUENAS TENACITY, risk-taking and vision. These are just some of the traits that the finalists of the Ernst Young Entrepreneur of the Year Awards cite
      441 words
    • 1127 10  -  By CONRAD TAN CHRISTOPHER Borch may have grown up working for others, but today he works for no one but himself. As executive director and president of Micro-Mechanics the company he founded 23 years ago he is one of the finalists in the
      YEN MENG JIIN  -  1,127 words
    • 761 10  -  By OH BOON PING TO enjoy health and business success, harmony is key, according to Best World International, a direct seller of cosmetics, nutritional supplements and skincare products. Indeed, that's also the management philosophy that its chairman Doreen Tan and chief executive Dora Hoan
      FILE PHOTO  -  761 words
    • 867 10  -  By CHEN HUIFEN STEVEN Fang's definition of success is quite different from what one would expect from a corporate head honcho. "When a taxi driver tells me, 'You know, your company helped save my grandson' that to me, would be the ultimate
      YEN MENG JIIN  -  867 words
    • 670 11  -  Sunningdale Tech puts behind its dark days. OH BOON PING reports OH BOON PING WHEN Ng Boon Hoo started Sunningdale Plastic back in 1984, it was just a five-man operation with three refurbished injection moulding machines. Turnover in the first year was less than a
      ARTHUR LEE  -  670 words
    • 603 11 IT all began in 1985. Ho Kwan Ping, chairman of Banyan Tree Hotels and Resorts, decided to buy a contaminated piece of land for future development while walking along a beach in Phuket with his wife. Mr Ho who is one of the finalists
      FILE PHOTO  -  603 words
    • 724 12  -  DANIEL BUENAS puts the spotlight on the world's first company to automate video editing software DANIEL BUEMAS STEPPING into muvee Technologies' offices reminds one of the heady>days of the dotcom boom a little disorganised, a little informal, and plenty creative. The homegrown company is the
      YEN MENG JIIN  -  724 words
    • 634 12  -  By UMA SHANKARI VIKAS is Sanskrit for "growth", and the word seems to describe both eSys Technologies as well as its founder and chairman Vikas Goel, 35. Due to Mr Goel's focused entrepreneurial spirit, in less than six years, eSys Technologies has
      FILE PHOTO  -  634 words
    • 728 14  -  Inspired by the Chinese thinker, Tor Lam Huat, the man behind Ginvera and Bio-essence skincare, has bounced back from bankruptcy, NANDE KHIN reports NANDE KHIN MORE than 20 years ago when Tor Lam Huat, the present chairman of LD Waxson, decided to set up
      ARTHUR LEE  -  728 words

  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 250 12 I Hi Kg MICRO-MECHANICS (HOLDINGS) LTD. i ERNST YOUNG ENTREPRENEUR OF THE YEAR BUSINESS AND INDUSTRIAL nn ilßinTr Tmm i I ins m& '-v People Make Everything Happen Micro-Mechanics At Micro-Mechanics, we're fond of saying, Micro-Mechanics designs, manufactures and 'People make everything happen'. People with markets a wide ran 9
      250 words

  • Page 13 Advertisements
    • 440 13 bestworld The BEST of both WORLDS L,fe at its best Congratulatons to Dr. Dora Hoan Dr. Doreen Tan for being selected as The Ernst Young Entrepreneur of the Year Awards 2005 Finalists for Lifestyle, Hospitality Retail 'n^wyr IT .L^_i; >.;■-.«>;T£i-f\it |J f Hplf: ■■ill J i m f, ij» -1
      440 words

  • 6381 14 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'porc) Star Europe Eqty!** 0.904/ Star Europe Bond 1.173/ Star Europe Bal 1.156/ Star Asian liget Eqty 1.146/ Star Asia Bond 1.305/ Star Asia Balanced 1.063/ Star Global Technology Fund!" 0.209/ MultiStfd 1.041/ Star Asia BondfUSD) 0802/ Gib Multi St USD 1.159/ Asia
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    • 27 14 I AllianzGI Global High Payout Fund rated 4 stars Allianz (m) 11 W by Mercer Investment Consulting. Visit OCBC Bank for details. ciobaiinvestors company regn no *****7169Z
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  • SINGAPORE INTERNATIONAL
    • 958 15  -  Russia may seem far and a tough market to break into but the hurdles can be overcome. CHUANG PECK MING reports CHUANG PECK MING FIRST the Chinese dragon, then the Indian tiger. Now Singapore Inc is going after the Russian bear. And as in the case
      YENMENG JIIN  -  958 words
    • 590 15 DOUGLAS FOO, founder and chief executive of Apex-Pal International, has been doing his homework and laying the groundwork in the past three years to start a sushi chain in Russia. His efforts are about to bear fruit. Mr Foo expects to open his first
      FILE PHOTO  -  590 words
    • 361 15 INTERNATIONAL Enterprise Singapore has identified four promising sectors for Singapore companies to venture into in Russia: Automotive. Russia produced 1.1 million cars in 2004. The growing number of foreign car makers in Russia Opel, Ford, Kia, Hyundai, Toyota and Volkswagon, for example coupled with the
      361 words
  • Page 15 Advertisements
    • 59 15 3 < I 4, IK^ Co-organisers In Collaboration with Platinum Sponsor Sponsors jjl =r r s S A 0 jfi j? fn3! E TROIKA DIALOG FEDERATION MOSCOW NARODNY BANK SSS MHK International Enterprise Singapore is an agency under the Ministry of Trade and Industry helping Singapore enterprises export and internationalise.
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    • 39 15 13 ENTERPRISE THE BUSINESS TIMES SINGAPORE Singapore Sngepor* Intsnutionil biwHidy, marttet-focueed MriM brouytA to you by K SinQipon end The Business Times. K Singapore bin agency under the Ministry of Trade and Indurtry helping Singapore enterprises export Mid internationalise.
      39 words

  • ECONOMY WATCH
    • 562 16 Expectation grows bank will end its cash-dumping and zero-rates policy AP [TOKYO] Bank of Japan (BOJ) board members headed for their mostwatched meeting in years yesterday amid growing expectation that the central bank would scrap its five-year-long super-easy monetary policy. Jitters among
      AP  -  562 words
    • 574 16 Bloomberg [TOKYO] Japan's bank lending rose for the first time in more than nine years, signalling an expansion of credit that may help the world's second-largest economy grow. Bank lending rose 0.2 per cent in February from the same month a
      Bloomberg; REUTERS  -  574 words
    • 394 16 AFP [BANGKOK] The Bank of Thailand yesterday raised its key interest rate by a quarter point to 4.5 per cent, saying high oil prices still posed the risk of raising inflation. The rate hike was in line with market expectations and caused
      AFP  -  394 words
    • 283 16 Reuters [BRUSSELS] The European Union took its first step towards a common energy policy yesterday, aiming to speak with one voice to foreign suppliers while forging a competitive gas and electricity market within the bloc. The executive European Commission presented a paper
      Reuters  -  283 words
    • 253 16 Reuters [WASHINGTON] The International Monetary Fund said on Tuesday that its executive board agreed to take immediate steps to address the IMF's projected income shortage for the financial year ending 2007. In a statement, the IMF said its board agreed on a
      Reuters  -  253 words
  • Page 16 Advertisements
    • 634 16 :*ATci NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUV IT SELl. IT flNO IT NOTICE OF MEETING IN THE MATTER OF THE COMPANES ACT (CHAPTER 50) AND IN THE MATTER OF KIN UN BUILDERS PTE LTD (IN LIQUIDATION) Company Registration No: *****5216 M (Companies Winding-Up No. 103 of 2004/J) Take
      634 words
    • 761 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FERNTREE INVESTMENTS PTE LTD REGISTRATION NO.: *****4791 C (INCORPORATED IN SINGAPORE) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 608 Orchard Road, #06-18 The AtriumOOrchard, S (*****1) on the 8
      761 words
    • 669 16 IN THE MATTER OF THE COMPANIES ACT, (CAP. 50) AND IN THE MATTER OF FORNET INTERNATIONAL PTE. LTD. (Registration No. *****1822H) (In Creditors' Voluntary Liquidation) TAKE NOTICE that a meeting of the credtors in the above-named company will, m pursuance of Section 2960f lheabcveAd.be held at 139Ceci Street #04-01 Cecil
      669 words
    • 554 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TAZWEU PTE. LTD. REGISTRATION NO.: *****7212 D (INCORPORATED IN SINGAPORE) At an Extraordinary General Meeting of the abovenamed Compony duly convened and held at 608 Orchard Road, #06-18 The AtriumOOrchord. S (*****1) on the 8 MARCH
      554 words

  • MALAYSIA/INDONESIA
    • 397 17  -  Marketing director Ari Soemarno is main candidate tipped to take helm By SHOEB KAGDA in Jakarta INDONESIA yesterday moved to revive its oil and gas sector by shaking up the management of state oil and gas company Pertamina, following sharp criticism from President Susilo Bambang Yudhoyono
      BLOOMBERG  -  397 words
    • 468 17  -  CEOs said to have met at least twice last week after long tussle By S JAYASANKARAN in Kuala Lumpur [KUALA LUMPUR] After all the sound and fury, the stage could be set for a peaceful takeover of Southern Bank (SBB) by Malaysia's
      468 words
    • 357 17 Reuters [KUALA LUMPUR] Khazanah, Malaysia's state investment arm and parent of TIME dot Com Bhd, is preparing to combine the telecommunications firm with unlisted broadband provider Jaring Communications, a source said yesterday. The combination of the two state-controlled companies comes in response to the
      Reuters  -  357 words
    • 1002 17  -  By PAULINE NG in Kuala Lumpur EVERYONE knew Idris Jala, the new managing director at Malaysia Airlines, had his work cut out for him, but has he bitten off more than he can chew? Losses for the airline's nine-month fiscal year came
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  • Page 18/19 Advertisements
    • 67 18/19 been sean&iiMfor &s¥•' something batting my projech I I:;" /f's modern, stylish and has a too™ I A Middle Eastern investor with properties worldwide. |£> |||fe' one towers above the rest. r A German collector presJigiQws^opai&ift, I and extraordinary. j; I We love themes the a Lonly consider projects of
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  • GREATER CHINA/INDIA
    • 504 20 Police mount vigil across the country amid fears of sectarian violence Reuters. AFP [VARANASI, India] Armed police mounted vigil at temples and public places across India yesterday and leaders appealed for calm as Hindu groups called for a
      Reuters.; AFP; AP  -  504 words
    • 2381 20 VOL Mar* MM W- (1W0) A& MRealty 139 undi 15 Abhc 530 -0.01 25 ACP Industries 5.72 unch 147 Advance Synergy .0.18 0.01 86 Adwenta...... 0.27 unch 217 AE Mutti .036 -0.02 61 Affin Hldgs 1.59 -0.01 269 Ahmad Zaki Res 1.77 -0.03 74 AlCCorp .0.88 -0.01 16
      2,381 words
    • 449 20 vote likely after Arcelor deal: Mittal Steel boss Reuters {PARIS] The Mittal family could consider giving up its voting majority in the world's biggest steel group following the planned purchase of Luxembourgbased rival Arcelor, Mittal Steel's chairman was quoted as saying yesterday. "After
      Reuters  -  449 words
    • 573 20 Reuters [BEIJING] Without firing a bullet, China can force Taiwan to its knees in a week with a massive trade war in the event the self-ruled island formally declares statehood, a prominent Chinese economist said. Many analysts say China
      Reuters  -  573 words
    • 308 20 Bloomberg, Reuters [NEW DELHI] Pakistan and Iran will build a gas pipeline linking the two nations, even if India backs out pf the US$7.4 billion project, Pakistani Prime Minister Shaukat Aziz said. The energy link, labelled the "Peace Pipeline" by Iran,
      Bloomberg,; Reuters  -  308 words

  • ASIA-PACIFIC/WORLD
    • 786 21 Shin Corp shares fall 6.9% to 44 baht, biggest drop in over two years AFP. Reuters. Bloomberg [BANGKOK] Thai stocks fell yesterday as protesters threatened to boycott nearly 100 companies and prod- ucts associated with Prime Minister Thaksin Shinawatra,
      AFP.; Reuters.; Bloomberg; AFP  -  786 words
    • 476 21 NYT [NEW YORK] Alan Greenspan, the former chairman of the US Federal Reserve, has agreed to sell his memoir for an advance of more than US$B.5 million, according to people involved in the negotiations. That sum will be the secondlargest advance ever paid
      NYT  -  476 words
    • 189 21 NYT [SAN FRANCISCO] Two large shareholders sued Hewlett-Packard (HP) on Tuesday, contending that a US$2l.4 million severance package for Carly Fiorina, its former chief executive, violated the company's policy on executive compensation. The lawsuit, filed in US District Court here by the pension funds
      NYT  -  189 words
    • 612 21 LAT-WP. AP [NEW YORK] Wall Street has watched thousands of companies go public over the years. Yesterday, its oldest institution the New York Stock Exchange (NYSE) got its turn, with shares being offered to investors for the first time. After nearly 214
      LAT-WP.; AP  -  612 words
    • 873 21  -  ASIA INSIGHT As Beying gets serious in curbing runaway growth, Japanese exports are at risk ANTHONY ROWLEY Tokyo Correspondent K K T'S not China now I it's Japan," a prominent foreign banker in Tokyo remarked to me the other day. He then
      873 words
  • Page 21 Advertisements
    • 523 21 r »AT-^ NOTICES NETWORK FOODS INTERNATIONAL LTD (Incorporated m the Republic of Singapore) (Registration no: *****0195W) NOTICE FOR DATE FIXED FOR COURT HEARING TO APPROVE SCHEME OF ARRANGEMENT On 28 February 2006, a meeting (the "Court Meeting") ot the Scheme Shareholders (as defined in the Schedule below) of Network Foods
      523 words

  • AVIATION
    • 590 22 Security concerns won't stop aviation investment drive, says Mineta Reuters [WASHINGTON] The Bush administration will push ahead with a proposal to ease limits on foreign investment in US airlines, despite some Congressional pressure to slow down the plan or withdraw it,
      Reuters  -  590 words
    • 470 22 AFP [PARIS] European aerospace group EADS yesterday reported a sharper-than-expected 39 per cent rise in its net profit, lifted by record deliveries last year at its Airbus unit and a 289 million euro (***** million) accounting boost. It made
      AFP  -  470 words
    • 891 22 CITY FUSWT ETA FUCWT CTP IE1H S04SS 1205 SH55 1560 RSBfiR m \k AIM—«a>a< SQ442 2000 SSSSBS V Sfirim 0W U <3F149 0455 3F3866 084C QB867 0455 ;s m 8?ii B Sen B«gawan 1245 $q BI422 1340 VT307 Hip SQTO1 2230 1650 Brisbane EK433 0150 SQ255
      891 words
    • 327 22 AP [KUALA LUMPUR] Loss-making national carrier Malaysia Airlines plans to sell about 30 aircraft, including a dozen jumbo jets, as part of a business turnaround plan, The Star daily reported yesterday. The final list of aircraft will be drawn up when Malaysian
      AP  -  327 words
    • 349 22 AFP [HONG KONG] Cathay Pacific Airways, Asia's second largest airline, yesterday posted a sharper-than-ex-pected fall of 25.3 per cent in annual profits which analysts blamed on rising fuel costs that offset a solid boost in sales. The Hong Kong flag carrier said
      AFP  -  349 words
    • 228 22 AP [STOCKHOLM] Authorities evacuated parts of an airport to south-western Sweden on Tuesday after masked gunmen robbed a passenger plane that had just landed from London and left a suspicious package that police said looked like a bomb. Stunned passengers waitingto disembark the
      AP  -  228 words
  • Page 22 Miscellaneous
    • 175 22 CRYPTIC CROSSWORD DOWN bling (9) Across: 1 Potentates, 9 Beta, 10 1 fools Labour leader gomg in 2 After brKjge treasure port (9) Albeit 12' Settees r I 7 /c\ 14 Dire oil disaster and America s 15 Section, 16 Shred, 17 Bane, 18 m if' u frantic (9) Riga,
      175 words

  • SHIPPING
    • 381 23 Jakarta says action shows troop readiness to counter attacks in Malacca Strait AP [BATAM] -Indonesian marines launched an anti-ter-rorism drill in the Strait of Malacca yesterday, storming a ship to free hundreds of passengers held hostage by men posing as Islamic militants. Fifteen servicemen pretending
      AP  -  381 words
    • 251 23 Reuters [CANBERRA] A North Korean cargo ship that led the Australian navy on a fourday sea chase is to be destroyed despite its captain being acquitted of heroin smuggling charges, police said. The navy chased the 4,000-tonne freighter Pong Su for 1,100 km
      Reuters  -  251 words
    • 254 23  -  By DONALD URQUHART [SINGAPORE] An Australian-based cruise ship arrived safely at Port Klang earlier this week after spending nearly 30 hours stranded in the southern Malacca Strait following engine problems. The P&O Cruises ship Pacific Sky was forced to anchor in the Malacca Strait
      FHi PHOTO  -  254 words
    • 345 23 Reuters [WASHINGTON] Twenty-four people disappeared from cruise ships between 2003 and 2005 and 178 passengers reported being sexually assaulted, a Congressional panel heard on Tuesday. Among those who disappeared were an elderly VietnameseAmerican couple who fled their native land as "boat
      Reuters  -  345 words
    • 519 23  -  By DONALD URQUHART [SINGAPORE] SembCorp Marine subsidiary PPL Shipyard yesterday unveiled the first of a series of 13 state-of-the-art jack-up drilling rigs based on an in-house design for its joint venture company Kristiansand Drilling Pte Ltd. Kristiansand is a singlepurpose joint venture company formed between
      519 words
    • 324 23 Bloomberg [LONDON] Shipowners spent a record US$l.l billion on new supertankers in February as rising orders for container ships and gas tankers in the past two years limited dock space at yards, according to EA Gibson Shipbrokers Ltd. Nine so-called very large crude
      Bloomberg  -  324 words
    • 162 23 PSA unit buys 21 stake in Indian shipping JV, says ONGC official Reuters [MUMBAI] An arm of Singapore's PSA International has bought a 21 per cent stake in a shipping venture floated by India's Oil and Natural Gas Corp Ltd (ONGC) and the Shipping Corp of India Ltd (SCI). PSA
      Reuters  -  162 words
    • 159 23 AP [JERUSALEM] Israel's Transport Ministry has found the second officer on an Israeli cargo ship responsible for an accident last year in which seven Japanese fishermen were killed, officials said on Tuesday. The ministry's findings will become part of the trial being
      AP  -  159 words
    • 287 23 S6X '000 Marl 5$ Vol CH Offshore .0.37 -0.01 632 ChuanHup 0.37 -aoi 1512 Cosco Corporation 1.18 -0.01 2655 CWT Distribution 1.03 0.01 30 Ezra Hldgs 2.37 -0.07 577 Freight Links 0 06 unch 209 Grand Banks Yacht 0.91 -0.01 11 Java Holdings 1.28 -0.01 441 Kf Venture
      287 words

  • EDITORIAL & OPINION
    • 510 24 EDITORIAL THE decision by Singapore to join the Kyoto Protocol will open up opportunities for companies, provide a fillip to new environmental technologies, and be a net positive for consumers as well. Under the Protocol, which was agreed in 1997 and went into
      510 words
    • 1287 24  -  Analysts warn that more training will not stop the outsourcing of jobs to other countries By PETER G GOSSELIN LAT-WP WHEN US President George W Bush met with a group of business.school students in the Indian city of Hyderabad last week, he came
      LAT-WP; AP  -  1,287 words
    • 759 24  -  THE BOTTOM LINE G PANICKER WHEN US President George W Bush starts talking about ethanol, Opec should listen. Instead of splurging billions on their small populations and going on buying binges abroad, its members should set apart funds to finance research into, yes,
      759 words
    • 983 25  -  Post-9/11 US policies have messed up the Middle East with worse to come LEON HADAR Washington Correspondent WHEN future historians start to discuss the first decade of the 21st century and the dramatic events that unfolded in that era, starting with the Sept 11,2001 terrorist
      NPFWi PHOTO  -  983 words
    • 725 25  -  By DANIEL WAGNER IHT BORROW and spend fiscal policies are very much in vogue among governments and consumers, the global housing bubble has reached unprecedented proportions and many of the world's stock markets are so hyper-inflated that investors seem to have forgotten the basic
      IHT  -  725 words
    • 823 25  -  By JEFF NESMITH PAUL Ware says he watched helplessly for years while major retail chains used his patented system of electronically processing credit card transactions. Ware believed his rights were being violated every time a credit card slid through the slot
      AFP  -  823 words
    • 125 25  -  LETTER TO THE EDITOR Ong-Ang Ai Boon, Mrs Director The Association of Banks in Singapore WE refer to the letter "Clarify restricted use of Nets" by Denis Distant (BT, March 2). We wish to clarify that customers can continue to use their
      125 words


  • 10787 26 SGX MAINBOARD 52-Wk Til Last Vol Day Last Quote GrOiv Div GrYW Net MCap High low Coda Company Sal* ('000) High tow luyar SaMr Cvr P/E Swli 5 2 5716 IstSoftwareSe 2 unch 929 2.5 2 2 2.5 8.1 18.5 6 3148 8TelecomUS2c 7 -0.5 280 7 7
    10,787 words
  • Page 26 Advertisements
    • 32 26 TVade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in ail markets Access to Asian, US, Euro stocks Select Exchange Traded Funds snd Indices
      32 words

  • 6008 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tolocalcw laSS MUSS dy %yr N X yr %4y %yr ind»K Chang* Oungt Chujt Q*»na* Chang* Ch^gt World indo Pretimnary 996 J A3 3.0 -0.5 1.4 -0.7 33 t EAFE PreHmmary 1C083 -0.6 3.6 -1.1 23 -13 43 Europe Pietomnary Pacific 9091 -0.6
    6,008 words

  • Page 28 Advertisements
    • 1179 28 t /Q\ NYK GROUP SOUTH ASIA PTE LTD 05?7 TS WL LINE S;6^2Bs6(Regional sales)/*****109(0P5V6299 5785(Docunentation) V NIPPON YUSEN KAISHA TOKYO KD+UU) KASHA. UO (C/R NO: **********06) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination ERIKOUSA RDM/ATW/BMN ALB/NAN JOHN F CAM/NFK/NOL/SAV HANJIN HOUSTON VCB/VCW/LAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia,
      1,179 words
    • 642 28 IHTIRAHA RORO SWVKI VBSa/WT MMPgI) HBGWIP) PKG «H 13 SM JW STtATTS VENTURE OS/M IS 3.1 22/03 25/03 30/03 02/04 04/04 STUfft VBCWKE Ot/Ot IS 3.2 04/04 01/04 20/04 23/04 25/04 SHAFTS YBffUg 07/04 IS 3.2 27/04 30/04 04/05 07/05 W/05 VBSR/VOT ggW WBHIWtI 18 181 I STB MB. AM
      642 words

  • Page 29 Advertisements
    • 1639 29 WAN HAI INTERNATIONAL PTE LTD at NO: 14******000/1 VTrA mill nairr *****588 (14UWS) FAX:*****163 l\Yl iWAN HAI NFS DlractUM-(1800)*****200 Y A Wgflßl llnl LI IIL J K11H:(03)*****mFAX;(03)J*****MPW1E;(M)22*5W0Nut(o4|2?*<W V JON«:|»)»MBMtmBWRI M*|Ml) *****7S HUb «ni) *****14/1191*5 wwwwOßkfli (OH to <TTH:(KI) *****H FAX; (B?l) ***** M rui WL 71&]tO/716M HUL7I4J7I MIH: (041) 4157M3
      1,639 words
    • 179 29 P. T. DJAKARTA LLOYD (PERSERO) If© AUSTRALIA FULL'CONTAINER SERVICE As Agents Storship Agencies (MAL) Pte Lid Operator Code: DJ CR NO *****970Q0QH VSi Ivot I sm I fKG I rat I WK 1 STB I Ma I mT AIR IWItHI 03QS 14/03 IS/03 24/03 26/03 28/03 31/03 AIR ISfRIT 023S
      179 words
    • 1939 29 |«ssa 1 vessel voy jkt su» hkg usn pus HYBRIOGE 10«S 110/31 12/3 17/3 19/3 21/3 23/3 23fl KMTC SINGAPORE 603S 12/3 15/3 14/3 H/3 25/3 24/3 |HY VUDtVOSTOK 173S 114/3 l«/ 3 23/3 25/3 27/3 29/3 29/3 SUNSET BAY 403S "ivT 22/3 23/3 Ij/T 1/4 2/4 WW SIM US*
      1,939 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5737 30 This ETA ETA AdmtiMr Vessel Voyage Telephone SIN Dasfn Nan* Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 18/03 18/04 China Shpg CMA CGM MAKASSAR SX219W *****898 21/03 02/05 China Shpg CMACGMKOMOOO SX221W *****898 22/03 22/04 Delmas NALA DELMAS 616W *****344 28/03 02/05
      5,737 words
  • Page 30 Advertisements
    • 310 30 VESSiL VOY SIN PCU VESSEL VOY SM JUT CSF 2301 02W 09/03 10/03 PACUNTAN 9341 11/03 14/03 mum 16S3N 10/03 10/03 4209 13/03 16/ M CSF 2301 0249P 11/03 12/03 PAC UNTAN 9342_ 18/03 21/03 mwm IM4H um n/w -mma m MM -iaf —oiiop——He- ;«r" CSF 2301 13/03 11/23— PAC
      310 words
    • 289 30 IVISStL VOY I PKI I MN I KARACHI PX» BAB NHS PMM MX I KHOR IRAN KOROfSTAN PCL 8125 09/03 10/03 19/03 22/03 23/03 29/03 01/04 04/04 IRAN TABATABAfI PCI 8121 11/03 19/03 22/03 23/03 02/04 05/04 04/04 IRAN SHAHRYAR PCL 8126 18/03 19/03 24/03 31/031 01/04 06/04 09/04 12/04
      289 words
    • 117 30 BSA x MYANMA FIVE STAR LINE (Myanmar National Llm) loading for Yang on VISSH. VOY SW PKL PIN PGU OflN SHWI HAW 90W SID PAGAN 349W SU> IN MALAYSIA: lOUSTEAD SHIPPING AGINCIIS KUI/PKL: 03-300SS3U PfN: 04-2i33<15 A"™* ACCEPTING CONVENTIONAL CSO VtSSa VOY HKG SM PKL KOI TM lIU SDK TWU
      117 words

  • BizIT
    • 528 31  -  Local sales of SAS's BI software in Singapore grew 20 per cent last year, writes WINSTON CHAI WINSTON CHAI WHILE banks have always been the sweet revenue spot for business intelligence (BI) software maker SAS Institute, in Singapore it could be the public
      528 words
    • 268 31 AP [SAN FRANCISCO] Intel Corp said on Tuesday it would introduce powerful new processors for desktop, laptop and server computers this year, as the world's largest computer chipmaker tries to head off gains from its much smaller arch-rival. Santa Clara-based Intel dominates
      AP  -  268 words
    • 483 31  -  By ROLAND LIM BARELY two after establishing its global R&D headquarters in Singapore, San Diego-based gaming peripherals vendor Razer will unveil its first gaming audio system the development of which was led by its R&D team here at the electronics trade show CeBIT in Hannover,
      483 words
    • 281 31 Reuters [SAN DIEGO] Microsoft Corp extended an olive branch to some of its harshest critics on Tuesday by proposing a way for Internet users to "cut and paste" live Web data across different sites, just as they can between computer programs. Ray Ozzie, Microsoft's chief technical
      Reuters  -  281 words
    • 468 31  -  No need to be tech-sawy to operate it By MIKE CHUA WHEN technology takes a step forward, it is often a giant leap for the end-user in more than one sense. It can mean that the consumer benefits in a big
      468 words
  • Page 31 Advertisements
    • 209 31 Public sector agencies are now beginning to realise the potential of BI software. PDA, Navigator deals with BT subscriptions SUBSCRIBE to The Business Times for a year at $225.25 and you can purchase, at half price: a Bluetooth GPS Receiver and Agis NAVFone or Agis Navigator for $180 (normal: $339)
      209 words

  • PROPERTY
    • 243 32 Sales to be on a limited scale, restricted to commercial sites Bloomberg [HONQ KONG] Hong Kong's government may consider restarting scheduled land auctions, the first in almost four years, restricting them to commercial and business building sites, said Housing, Planning and Lands Secretary Michael
      Bloomberg  -  243 words
    • 569 32 Bloomberg [EDINBURGH] Savills pic, the best-performing UK property stock last year, said profit fell 1.8 per cent in 2005 after staff bonuses rose by about a fifth and a one-time gain on a property sale wasn't repeated. Net income last year was
      Bloomberg; BLOOMBERG  -  569 words
    • 487 33  -  The Arc sees strong foreign interest; Yishun houses also launched this week By KALPANA RASHIWALA BS Capital's The Arc at Draycott luxury apartment project and Allgreen Properties' The Shaughnessy cluster housing development in Yishun are being officially launched this weekend, marking the start
      487 words
    • 1696 33 PROJECT NAME' PROP CONTRACT TENURE BUKHWW® PRICE PSF STREET NAME TYPE DATE ABEA«(SQFI) (SS'OOO) (SS) District 1 NON-LANDED People's Park Cpix Apt 20/02/2006 99 409 160 391 The Saii At Marina Bay Apt 17/02/2006 99 2034 2280 1121 The Sail At
      1,696 words
    • 776 34 Market is segmented and upswing confined to selected projects, say property watchers HOMEOWNERS thinking about cashing in on their properties through the hot collective sale market should not assume that every sale would fetch handsome returns. Property consultants say that despite the
      776 words
    • 733 34 Foreign investors have to brave a tangle of red tape Reuters [MUMBAI/HONG KONG] Property funds are knocking on India's door, with an estimated US$2 billion in annual investment waiting to risk notorious red tape to win a slice of a booming economy
      Reuters; AFP  -  733 words
  • Page 32 Advertisements
    • 339 32 m LIVING <£& DINING BEDROOM. OFFICES ACCESSORIES LIGHTINGS Good Class Bungalow Land For Sale By Tender 7~7 7~7 Jalan Kampong Chantek /*L J/fS"'**! 1 W Approx. 7991 sqm/86,014 sq ft I I —mm Can b© subdivided into 5 GCBs la < Near Methodist Glrte Sch. I*l Nanyang Girls Sch Raffles
      339 words
    • 24 32 Parting company? Make it known. i Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice m our newspapers now. MATS' NOTICES
      24 words
    • 129 32 Site Area: 256,486 $f (appro*) I I Tenure: 99 years leasehold If HRH Plot Ratio: 1.4 •<* Prestigious address at prime district 11 Close proximity to reputable schools j it. i •Nextto Raffles Girls Pri and within Ikm q,,,,,, If lli IS£ to Nanyang Pri M c w"* l| L
      129 words

  • Page 33 Advertisements
    • 32 33 II .W Inviting tenders? Call 1800 289 8822 or email notices® sph.com.sg to book your tender notice in our newspapers now. AT-3 f notices B St t V d *r. M A
      32 words
    • 55 33 RETAIL/RESIDENTIAL/SOHO DEVELOPMENT SITE FOR SALE T Corner location Walking distance to the Clarke Quay MRT station 999 yearS u Land area approx 8,037 sq ft "®V/ p| ot Ratio 7.0 Height control up to 10 storeys c£?// Zoned commercial. Possible retai| residen tial/SOHO y/yf J J Investment Properties m E9
      55 words
    • 70 33 rBVIOW r »w viviwuv r»mw *4 I. Window West (20th floor) iK ite* A rAouiatlon of KiMna F Oatw: 18 &19 March (Sat Sun) propwny time: 11am 3pm (Symposium) -W W 10am to 7pm (Opening) I I aptkm Mr David Chen p Please call to register now: Johnny Yu 9683
      70 words