The Business Times, 10 March 2006

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUISNESS TIMES SINGAPORE 85 cents online at http'7/business-times.asial.com.sg MICA (P) 099/03/2006 Friday, March 10,2006
    15 words
  • 1126 1  -  Some 3,000 demonstrate outside embassy; S'pore says offer is business, not govt, deal By SIOW LI SEN [SINGAPORE] Counting of acceptances of Temasek's offer for Shin Corp began yesterday amid continuing political tension in Bangkok, with a bomb exploding outside the home of the
    1,126 words
  • 135 1 STI 2,504.25 (+1.65) ST INDEX FUTURES 2,505.00 (+2.00) SIMSO 295.91 (+0.35) SIMSO FUTURES 295.60 (+1.00) MARKETS Thursday Change KLSECOMP 920.91 +738 NIKKEI 225 16,036.91 +409.42 HANG SENG 15,510.13 +17.04 SET INDEX 728.99 +5.13 JAKARTA COMP 1,239.577 +5.981 MANILA COMP 2,109.77 +10.51 SEOUL COMP 1,311.21 -2.84 SHENZHENS 239.22 -0.06
    135 words
  • 636 1  -  By ANTHONY ROWLEY in Tokyo THE Bank of Japan (BOJ) yesterday took the first step towards ending the ultraeasy monetary policy it has maintained over the past five years by scrapping its practice of flooding the country's banking system with excess cash.
    636 words
  • Page 1 Advertisements
    • 29 1 MB ENTREPRENEUR Vfe 7 OF THE YEAR v Vikas Goel iJ- I T clinches award PG2 YOl I'LL HAVE ALL THE TIME TO FIND OUT OMEGA .*/K. -'fiNH&L* J
      29 words
    • 9 1 COMMENTARY Truth behind STl's &-year high PG3 8 M
      9 words
    • 62 1 ggjg LIFESTYLE As a child he battled dyslexia. Then Jb as president and CEO of US networking VjjHjk .Bp giant Cisco Systems he ied one of the most remarkable comebacks in corporate )f history A global technology leader, John Chambers talks about his VHt triumphs and dealing with a world
      62 words
    • 31 1 HOTELS 11,000 rooms set aside IMF/World Bank meet gi PG2 MORE REPORTS pg io Move sparks fears of overseas sell-off Understanding quantitative easing Analysts see rate hikes only late this year
      31 words

  • TOP STORIES
    • 887 2  -  Room rates expected to jump as hotels gear up for visitor influx By ALEXANDRA HO [SINGAPORE] When a gaming company executive visited Singapore last month smack in the middle of the Asian Aerospace show, he found himself locked out of the top-tier
      887 words
    • 768 2  -  By DANIEL BUENAS [SINGAPORE] The word that most aptly describes Singapore's latest Ernst Young Entrepreneur of the Year (EOY) Award winner is growth. In Sanskrit, the word "Vikas" means growth, and it was Vikas Goel, chairman and group managing director of hard
      ARTHUR LEE  -  768 words
    • 485 2  -  By PAULINE NG in Kuala Lumpur MALAYSIAN investment holding company Khazanah Nasional has taken significant steps to transform itself into a commercial entity along the lines of Singapore's Temasek Holdings, Standard Poor's Ratings Services says in a report released yesterday. Khazanah is
      485 words
    • Top of the pack
      • 55 2 MrapraMor of Items Dmyiwy Drtuptmnw of the Yw 2005 Vikas God, chairman and group managing director of eSys Technologies This award salutes the entrepreneur whose business exemplifies the start-up process at its best with savvy positioning in the market place and solid infrastructure to manage growth and financial performance and
        55 words
      • Article, Illustration
        40 2 l|| Bnb chief executive officer of Sunningdale Precision Industries This award salutes the entrepreneur who has shown superior performance in the development, manufacture and management of products and services targeted at the commercial sector and/or is involved in technical activities.
        40 words
      • 53 2 Ho Kpon Ping, executive chairman of Banyan Tree Hldgs This award recognises the entrepreneur who has shown superior performance in the delivery of higtwalue products and services .that elevate the habits of consumption through fXBmotingtjhe$fy > living, fine hospitality slices and/oUfi* involved in the
        53 words
    • 438 2 Analysts fear Thai political paralysis ANALYSTS say that there is a high risk of politkwl paralysis in Thailand regardless of the outcome of the election on April 2. DBS Bank economist Chua Hak Bin last week downgraded Thai equities to neutral from overweight, a call which he had
      438 words
    • 874 3  -  HOCK LOCK SIEW By R SIVANITHY WHEN the Straits Times Index crossed 2,500 on Monday, headlines everywhere welcomed a new six-year record and expectations ran high that the index would soon test its all-time high of 2,582 reached on Jan 3, 2000. Certainly, there is
      874 words
    • 531 3  -  By WONG WEI KONG [SINGAPORE] Defence lawyers tried to cast doubt on the evidence of a prosecution witness yesterday on the fourth day of hearing on the corruption case against three senior officials of gov-ernment-linked IT firm Crimson Logic. Leong Kah Keong,
      531 words
    • 467 3  -  They see possible delays in spending on infrastructure By SIOW LI SEN [SINGAPORE] Analysts say there is a high risk of political paralysis in Thailand regardless of the outcome of the election called by the Thai premier for April 2. They predict possible delays in
      AFP  -  467 words
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  • COMPANY NEWS
    • 912 4  -  CORPORATE ANALYSIS Analysts see better times ahead for private-education sector as some schools report profit, say ANGELA TAN and OH BOON PING ANGELA TAN, OH BOON PING AS SINGAPORE basks in its growing reputation as a global educational hub, most listed private schools are reeling from
      912 words
    • 396 4  -  By KALPANA RASHIWALA BUKIT Sembawang Estates yesterday announced its second residential site purchase in two days. This time, it has bought The Vermont at Peck Hay Road in the Cairnhill area for $75 million or about $750 per square foot of potential gross floor area,
      396 words
    • 368 4  -  By OH BOON PING FRESH from buying a 9.9 per cent stake in India's Tata Teleservices, Temasek Holdings yesterday said it has acquired a stake of 9.95 per cent in a Japanese logistics services company. The Singapore investment company said the acquisition of
      368 words
    • 620 4  -  Delays due to tech upgrading projects: Bursa CEO By TEH HOOI LING DUE to. delays in the deployment of its own trading platforms, Bursa Malaysia said work on establishing a trading link with the Singapore Exchange (SGX) can start at the
      YEN MENG JIIN  -  620 words
    • 599 5  -  By UMA SHANKARI MAINBOARD-LISTED Manufacturing Integration Technology (MIT), armed with cash reserves of $25 million, said that it is on the lookout for M&A opportunities. "We are not just going to grow organically," said MlT's CEO Tony Kwong in an interview with
      ARTHUR LEE  -  599 words
    • 277 5  -  By LESLIE YEE MARKET players said investors appear to like Ascott Residence Trust's (ART) investment story and prospects for growth through acquisitions. Yesterday saw the first day of trading of entitlements given to shareholders of The Ascott Group to subscribe for units in ART
      277 words
    • 394 5  -  With Thailand in turmoil, DBS said to have postponed plans to up stake in Thai Military Bank By LESLIE YEE THAI Military Bank is looking to raise fresh funds from the market soon and DBS Group would have liked to have used this
      394 words
    • 526 7  -  It also clinches third rig contract from Norwegian group worth US$146m By CONRAD RAJ KEPPEL Fels, the world's largest rig builder, has finally penetrated the ener-gy-hungry Indian market, announcing yesterday a JUSSI7I million order for a jackup rig. The company, which is
      AFP  -  526 words
    • 284 7 Bloomberg TELEKOM Malaysia, the nation's biggest telephone company, and its parent Khazanah Nasional don't plan to make a general offer for Singapore's after increasing their stake in the past month. "Sun Share currently has no intention of undertaking a general offer to acquire
      Bloomberg  -  284 words
    • COMPANY BRIEFS
      • 65 7 SINGAPORE Windsor Holdings, a Hong Kong-based PCB punching mould manufacturer and services provider, yesterday lodged its preliminary prospectus with the Monetary Authority of Singapore. The group intends to list its shares on the mainboard of the Singapore Exchange. Windsor posted HK$2O.4 million (554.3 million) net
        65 words
      • 15 7 Greatronic replaces Ernst Young GREATRONIC Limited appointed Moore Stephens as its auditors, replacing Ernst& Young.
        15 words
      • 67 7 XPRESS Holdings appointed Chen Siew Loon, 38, as group financial controller. Mr Chen's role is to provide leadership and direction to ensure that the high standards of financial controls and reporting of the head office in Singapore and its operating subsidiaries in the Asia Pacific
        67 words
      • 55 7 TEMASEK Holdings (Private) Limited's deemed interest in kl Ventures has risen from 36.97 per cent to 37.01 per cent as a result of a series of deals by its subsidiaries, Singapex Investments Pte Ltd and Singapore T echnologies Engineering, as well as its 32
        55 words
      • 45 7 01 J\M International said International Finance Corporation's stake in the company has been reduced from 6.71 per cent to 5.19 per cent. This was the result of a series of transactions between March 1 and March 7, 2006.
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  • Page 4 Advertisements
    • 145 4 STRALIA IHHI^^^nfIHLfIHHH An Education Experience that makes a real difference Australian Secondary Schools Info Evening Meet some of Australia's acclaimed secondary boarding schools offering Grade 1-12 education. Learn about Australia's quality education pathway that provides a unique, creative learning experience for your child. The Kincoppal-Rose Bay School, New South Wales
      145 words


  • SINGAPORE MARKETS
    • 533 6  -  STOCKS STI struggles to stay afloat; China segment starts to display clear signs of 'buyer fatigue' R SIVANITHY Senior Correspondent rRADERS must have spent the wee hours of yesterday morning watching the European Champions League football matches instead of sleeping, judging by the way yesterday's
      Source: Bloomberg  -  533 words
    • 1005 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Mar 9 and earlier) Subsantlal No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After SBkfc Date Director Sell '000 Shr < fOOO) fOOO) SPC 8-Mar-06 Keppel Oil Gas Svc Buy 1000 na *****3 43.82 *****3 44.01 SfC 8-Mar-06 Keppel
      1,005 words
    • Article, Illustration
      965 6  -  Compiled by UMA SHANKARI Singapore Exchange >larch 9 dose: $3.70 ♦CREDIT SUISSE. March 8 tTHE first three trading days in ♦March indicate that investors' appetite to trade remains healthy. An•nualising these volumes, securities •market volumes have risen in excess of 55 per cent year-on-year. Assuming that the current
      Source: Bloomberg  -  965 words
    • 559 6  -  CURRENCIES LARRY WEE Senior Correspondent THE Bank of Japan (BOJ) finally announced yesterday that after six long years, it will now stop supplying generous amounts of liquidity to the Japanese banking system (a process described as QE or quantitative easing), and start
      Source: Reuters  -  559 words

  • Page 7 Advertisements
    • 137 7 33 PERRELET 1777 S Invintor oi iiii Automatic Wa km Known for their epochal innovative inventions, PERRELET never ceases to amaze. First, Abraham-Louis Perrelet invented the automatic watch movement, and then Louis-Frederic Perrelet discovered the split-second precision chronograph. This March, Precious Time invites you onto a journey of discovery as
      137 words

  • SINGAPORE NEWS
    • 413 8  -  More Singapore companies issue Environmental and social reports By MICHELLE QUAH LOCAL companies are 'starting to place a greater importance on environ- mental and social reportihg, according to a survey commissioned by the Association of Chartered Certified Accountants (ACCA) in Singapore. This suggests a growing convergence
      413 words
    • 83 8 [SINGAPORE] Joanna Dark, the lead character from Perfect Dark Zero, was at the IT Show 2006 held at Suntec Convention Centre to greet Tzmfgiveaway prizes to visitors where Microsoft unveiled itsXbox 360 console to the public for thefirst time. Microsoft is the first to
      YEN MENG JIIN  -  83 words
    • 463 8  -  By OH BOON PING EVEN though it* says it is not profit-driven, private school MDIS remains profitable in an industry hit by bad publicity and with many players that are bleeding red ink. The school attributes its success not just to cost containment. but a focus
      ARTHUR LEE  -  463 words
    • 255 8  -  By WINSTON CHAI AN INTERIOR design firm was yesterday charged in court with using illegal software, making it the first company to face criminal prosecution under Singapore's revised Copyright Act. PDM International Pte Ltd, which employs around 10 workers, was accused of three
      255 words
    • 523 8  -  By LESLIE YEE MORTGAGE customers from Singapore and elsewhere in Asia have helped British bank Lloyds TSB raise its overseas propertylinked lending eightfold over 20 years to its present level of US$l billion (Ss2.B billion), even though the bank is staying out of the
      523 words
    • 445 9  -  YESTERDAY IN PARLIAMENT Fund will also help those in business of recreation, leisure pursuits for seniors Reports by CHEN HUIFEN THE Ministry of Community Development, Youth and Sports (MCYS) will be setting aside $20 million to promote active ageing through programmes for the
      FILE PHOTO  -  445 words
    • 441 9  -  By NANDE KHIN ARUP Sports, IMG, and Macquarie Bank are among the 28 companies that have expressed interest in vying for the contract to build and manage the Singapore Sports Hub. The Ministry of Community Development, Youth and Sports (MCYS) and Singapore Sports
      441 words
    • 296 9  -  By CONRAD RAJ THE powers of the Registrar of Moneylenders are being enhanced under amendments to the Moneylenders Act which were read for the first time in Parliament yesterday. For example, the changes will empower the Registrar or his representative to require moneylenders, including financial
      296 words
    • SINGAPORE ROUNDUP
      • 73 9 THE National University of Singapore (NUS) and SIM University yesterday signed a Memorandum of Understanding (MOU) to establish academic ties. Both universities will co-operate on staff interaction for teaching, research, discussion and curriculum development, among others. Also, they have agreed to work on a 'exchange'
        73 words
      • 63 9 THE oil and shipping industry will compete for the Platts Futsal Challenge Cup at the 2nd Annual Platts Futsal Challenge tomorrow at the Choa Chu Kang Sports Hall. The indoor charity soccer championship, organised by energy information service Platts, is held in support of the
        63 words
      • 58 9 LEVI-Strauss Asia Pacific Division in Singapore announced four key appointments recently: Aaron Boey as VP and regional MD for South-east Asia, South Asia and Greater China; Ghen Akiyama as strategic brand planning director for the Levi's brand; Kevin Sargison as retail operations director for Levi's; and
        58 words
    • 407 9 THE government has accepted all the recommendations made by the interministry committee on the regulation of charities and institutions of public character (IPCs), and expects the new regulations to be implemented from July 1. Among the suggestions listed by the committee is the setting up
      407 words
    • 226 9 SHOPS and eating places with special provisions for children are finding that these pro-family policies help make money, according to a survey of 300 business outlets and 1,200 households and 500 senior citizens last year. Findings from the study, conducted by the
      226 words
  • Page 8 Advertisements
    • 491 8 NOTICES Toll free: 1800-289-8822 Email: sph.com.sg I I* IN THE MATTER OF THE COMPANIES ACT, f CHAPTER 50 f FUTURE ENTERPRISES f (RUSSIA) PTE LTD f Co. Reg. No. *****6754W C MEMBERS'VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 6th day of March 2006. the
      491 words
    • 467 8 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of BRIGGS ENVIRONMENTAL SERVICES (ASIA) PTE LTD Company Reg. No. *****7008G Notice of Creditors' Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50 NOTICE is hereby given that pursuant to Section 296 of the Companies
      467 words
    • 447 8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 KERR LEONG HENG PRIVATE LIMITED Co. Reg. No. *****1876H MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 3rd day of March 2006, the following special resolution was duly passed: "That the Company be wound up
      447 words
    • 552 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GLENEAGLES INVESTMENT FUJIAN PTE LTD (Registration No. *****7344 C) (In Mwimt'i Voluntary Liquidation) NOTICE OF RESOLUTIONS (Pursuant to Section 290(2){b)] An Extraordinary General Meeting of the Company deemed to hove been convened pursuant to Section 179(6)
      552 words
    • 545 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GLENEAGLES INTERNATIONAL LABORATORY SERVICES PTE LTD (Registration No. *****2222N) (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company held at 1 Grange Road, #11-01 Orchard Building, Singapore
      545 words

  • Page 9 Advertisements
    • 183 9 group HRnnniSnHH PRICES FROM £249,000' £1,000 INITIAL DEPOSIT TO EXCHANGE FULLY FURNISHED APARTMENTS 11AM-7PM 10-12 MARCH 2006 (FRI-SUN) 6% RENTAL GUARANTEE** GRAND HYATT SINGAPORE UNDERGROUND CAR PARKING*** SIR HENRY KEPPEL 11. MEZZANINE LEVEL, 10 SCOTTS ROAD rrwricor c TEL-6738 1234 24 HOUR SECURITY HIGH QUALITY SPECIFICATION rjrsz *x«Sm4-+\ ADJACENT TO
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  • ECONOMY WATCH
    • 899 10 BOJ'S U-TURN Japan investors could repatriate money by selling stocks, bonds NYT [TOKYO] Is Japan about to start a sell-off in global financial markets? Economists have dismissed such fears as alarmist. But a decision by Japan's central bank yesterday, by a vote of
      NYT; AP  -  899 words
    • 564 10 Reuters THE Bank of Japan (BOJ) ended a five-year-old experiment with ultra-loose "quantitative easing" monetary policy yesterday and returned to a conventional interest rate regime, but it said short-term rates would be kept around zero for now. The following are some questions and answers about quantitative easing.
      Reuters  -  564 words
    • 810 10 [TOKYO] Helped by manageable debt levels, ample cash and solid earnings, Japanese firms are confident they can manage any rise in interest rates that will follow the Bank of Japan's decision to scrap its ultra-easy monetary policy. Higher interest rates would make
      810 words
    • 483 10 Bernama [WASHINGTON] Congressional leaders, American businesses and service industries here on Wednesday gave their ringing endorsements to the negotiation and passage of a comprehensive Malaysia-United States Free Trade Agreement (FTA) that would open markets and expand trade between the two countries. International Trade and
      Bernama; AFP  -  483 words

  • Page 11 Advertisements
    • 4533 11 [*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LITE-ON INTERNATIONAL PTE. LTD. (In Members' Voluntary Liquidation) Reg. No. *****4273 C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to
      4,533 words

  • MALAYSIA/INDONESIA
    • 704 12  -  NEWS ANALYSIS By S JAYASANKARAN in Kuala Lumpur IN July last year, Malaysia's central bank, Bank Negara, unhooked the ringgit from its seven-year peg against the greenback, hours after China did the same with the yuan. Investors that had been Hooking forward to an immediate appreciation
      BLOOMBERG  -  704 words
    • 2431 12 vol Mar> RM COOP) ASM Realty 1.40 0.01 3 Abric .0.31 0.01 9 ACP Industries 0.87 0.15 1899 Advance Synergy .0.18 unch 598 Adventa .0.27 unch 286 AE Multi .0.35 -0.01 374 Affin Hldgs 1.60 0.01 266 AhmadZakiRes 1.87 0.10 86 AlCCorp .0.89 0.01 97 AirAsia 169 0.01
      2,431 words
    • 269 12 AP [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi has released his first book since taking office a collection of speeches that outline a roadmap for Muslims and tackle issues from poverty to terrorism, the book's publishers said yesterday. Islam Hadhari- A Model Approach for
      AP; REUTERS  -  269 words
    • 565 12 Reuters [JAKARTA] Indonesian state oil company Pertamina's new boss said yesterday that settling a dispute over operation of the Cepu oil block with US firm Exxon Mobil Corp was a top priority. While Ari Soemarno backed away from a proposal by
      Reuters; REUTERS  -  565 words
    • 214 12 Reuters [JAKARTA] Malaysian state oil firm Petronas is still interested in building a refinery in Indonesia with state oil company Pertamina, a Petronas official said yesterday. Indonesia has for some time tried to attract foreign investors to build new refineries to meet domestic
      Reuters  -  214 words

  • GREATER CHINA
    • 635 13 Beijing is shifting some state-held shares into retirement system Reuters [SHANGHAI] China is moving to bolster its shaky pension scheme by shifting some of its billions of dollars worth of state-held shares to the retirement system's books. In a separate move also
      Reuters  -  635 words
    • 367 13 [BEIJING] The parent firm of Lenovo Group plans to spin off its mainland commercial property subsidiary as a real estate investment trust (Reit) in Hong Kong and may consider listing the world's third-largest computer maker in the US, the South China Morning
      BLOOMBERG  -  367 words
    • BRIEFLY ASIA
      • 67 13 Reuters [HONG KONG] ICICI Bank Ltd, India's largest private sector lender, aims to eventually pull in 30 per cent of total revenues from its overseas operations, nearly double the current level, a top executive said yesterday. ICICI has recently added new branches in
        Reuters  -  67 words
      • 58 13 Reuters [HONG KONG] Hutchison Telecommunications International Ltd (HTIL), the emerging markets phone arm of Hutchison Whampoa Ltd, posted a loss in 2005 due to start-up expenses. The company posted a loss attributable to shareholders of HKS76B million (S$ 160.9 million) in 2005,
        Reuters  -  58 words
      • 63 13 Reuters [JAKARTA] Revenues at Indonesia's largest cement maker, PT Semen Gresik Tbk, could reach eight trillion rupiah (Ssl .4 billion) this year, the state-run company's finance director said yesterday, an increase of 2-3 per cent. Gresik expects sales volume to rise 6
        Reuters  -  63 words
      • 73 13 AFP [HONG KONG] Hong Kong conglomerate Swire Pacific yesterday posted a 0.3 per cent drop in annual profit as its subsidiary Cathay Pacific's sharper-than-expected fall in earnings weighed on the group. Swire recorded a net profit of HK$ 18. i 6 billion (553.93
        AFP  -  73 words
      • 68 13 Reuters [SHANGHAI] China's interbank market has launched new daily reference rates for one- and seven-day repurchase agreements to help firms conduct financial derivative business, it said yesterday. The Fixing Repo Rates will be announced at 11 am (0300 GMT) each day, based on repo
        Reuters  -  68 words
    • 397 13 Reuters [HONG KONG] Merrill Lynch, Credit Suisse and Deutsche Bank are among the winners in a fierce battle for an underwriting role in the US$l2 billion IPO of Industrial Commercial Bank of China. ICBC said yesterday that it had also picked China International Capital
      Reuters  -  397 words
    • 276 13 Reuters [BEIJING] China's central bank chief yesterday confirmed that Bank of China, in which Singapore investment agency Temasek Holdings has a stake, had been hit by a fresh scandal, but said it was too early to say whether the lender's planned
      Reuters  -  276 words
  • Page 13 Advertisements
    • 1164 13 AT^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CEI CONTRACT MANUFACTURING LIMITED 0 m 1 Company Registration No: *****5114H (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of CEI Contract Manufacturing Limited ("the Company") will be held at
      1,164 words

  • INDIA
    • 815 14  -  INDIA INSIGHT India's proposal to do away with retail quotas for share issues hurts the victims of scams ASHOK KUMAR In Mumbai THE Economic Survey released before last week's Indian Budget came as far more of a shock than the fairly benign Budget which followed. One
      815 words
    • 363 14 Bloomberg [MUMBAI] Reliance Petroleum Ltd, a unit of India's Reliance Industries Ltd, plans to borrow an additional US$2 billion to fund the expansion of its Jamnagar refinery in Gujarat state into the world's largest. The unit of India's largest non-state company will add to the
      Bloomberg  -  363 words
    • 6255 14 UNIT TRUSTS FUNDS ABN Amro Asset M«t (S'pore) Star Europe Eqly!" 0.893/ Star Euope Bond 1.157/ Star Europe Bal 1.14/ Star Asian Tiger Eqty 1.146/ Star Asia Bond 1.309/ Star Asia Balanced 1.072/ Star Global Technology Fund!** 0.21/ Mult St Fd 1.041/ Star Asia Bond/USD) 0.803/ Gib Multi St USD
      6,255 words
  • Page 14 Advertisements
    • 31 14 |E DIT Europazins Best Botid Europe Fund over syrs category Allianz (iii) J rated AA by| Standard Poor's. G iobai investors 4 Source: The Edge lipper SirH|,ipj)re hind Amimls no **********
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  • ASIA-PACIFIC/WORLD
    • 619 15 Case covers abuse of pay-per-dick ad system of Google by outside parties Reuters [SAN DIEGO] Google Inc said on Wednesday it had agreed to pay up to US$9O million to settle its part of an industrywide lawsuit alleging Web search companies overcharge some advertisers
      Reuters  -  619 words
    • 467 15 AFP [SEOUL] South Korea's Posco, the world's fifth largest steel maker, is busily trying to bolster shareholder support to fend off a possible hostile takeover bid, according to officials at the company. Analysts say Posco is a very attractive acquisition target amid a global
      AFP  -  467 words
    • 447 15 LATEST US DATA Reuters [NEW YORK] The United States trade deficit widened more than expected in January to a record US$6B.5 billion, as record imports fuelled by high oil prices outstripped record exports propelled by stronger foreign demand, a US Commerce Department
      Reuters  -  447 words
    • WORLD WATCH
      • 96 15 AFP [TOKYO] Japan's financial watchdog yesterday ordered JP Morgan Securities Asia to suspend part of its Tokyo operations for stock trades which violated the securities law. The Tokyo office of JP Morgan Securities Asia conducted share futures trades in November 2004 "to create an artificial market",
        AFP  -  96 words
      • 109 15 AFP [FRANKFURT] A merger between steel giants Mittal and Arcelor does not contribute to the sensible consolidation of the European steel industry or create value for shareholders, the head of Arcelor, Guy Dolle, said in a newspaper interview yesterday. "A merger only makes sense
        AFP  -  109 words
      • 61 15 Bloomberg [MOSCOW] Baltika Brewery, Russia's biggest beer company, said shareholders approved mergers with three brewers to form a US$6 billion business. Baltika, controlled by Scottish Newcastle pic and Carlsberg A/S, on Tuesday held a meeting for minority owners to vote on an offer to buy the
        Bloomberg  -  61 words
      • 64 15 Reuters [TOKYO] Kirin Brewery Co, Japan's second-biggest brewer by volume, said yesterday it wants to raise its stake in Australia's second-largest brewer, Lion Nathan Ltd, from the current 46 per cent. Lion Nathan has been a profit driver for Kirin, which faces intensifying
        Reuters  -  64 words
    • 587 15 Reuters [SEATTLE] Microsoft Corp yesterday unveiled its "Origami" project, a paper-back-book sized portable computer, which is a hybrid between a laptop PC and a host of mobile devices that the world's biggest software maker hopes will create an entirely new market. Lighter than two
      Reuters; AP  -  587 words
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  • AVIATION
    • 742 16  -  Aussie airline to cut 480 jobs, shift maintenance from Sydney to Victoria By VEN SREENIVASAN QANTAS is cutting 480 jobs by closing its 8747 heavy maintenance operations in Sydney by May and is preparing to move maintenance jobs offshore as part of a five-year
      AFP  -  742 words
    • 391 16 Bloomberg [NEW YORK] Japan Airlines Corp, British Airways pic, Deutsche Lufthansa AG and other companies contacted in a government air cargo price-fixing investigation have been sued by customers in at least 20 US anti-trust actions. Carriers were sued by customers claiming
      Bloomberg  -  391 words
    • 346 16 Sepang will use main airport's runway and other technical facilities AP [SEPANG] Malaysia said yesterday its terminal for budget airlines Asia's first would begin operations in two weeks, just days before neighbouring Singapore is scheduled to open its own low-cost terminal.
      AP; REUTERS  -  346 words
    • 253 16 AFP [NEW DELHI] Chicken and eggs have made a comeback on Indian airline flights after being pulled from menus nearly three weeks ago when India reported its first outbreak of bird flu among poultry. India's biggest private domestic carrier, Jet Airways, said it
      AFP  -  253 words
    • 175 16 Bloomberg THONG KONG] Cathay Pacific Airways Ltd asked the government a second time this year for permission to keep a fuel surcharge, on tickets after it posted a 38 per cent decline in secondhalf profit. Asia's second-largest carrier by market value nvarits to extend
      Bloomberg  -  175 words
    • 507 16 OTT MIT KTA IUMT HP IK? Ahm«Ub«d ***** 0615 tackrtn i ■mi—! MZ900 1140 MZ901 124; wass m~m m w mm 111 -wl Scao UA895 2355 UA896 0645 1U8 TO ?18 bos )VA Capmhatm Darwin 700 2250 P*w» H (p® MO? OoK* wis mo SI II
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  • SHIPPING
    • 600 17 Reuters [WASHINGTON] A US House of Representatives committee on Wednesday voted overwhelmingly to block an Arab-owned company from managing American ports, defying President George W Bush who has vigorously supported the deal. By a vote of 62-2, the House Appropriations
      Reuters  -  600 words
    • 587 17 Eastern Europe, Middle East and China key targets for expansion Bloomberg [HONG KONG] Hutchison Whampoa Ltd, the world's biggest port operator, aims to boost its investments in Eastern Europe, the Middle East and other regions as it expands to take advantage of rising
      Bloomberg; BLOOMBERG  -  587 words
    • 102 17 [SINGAPORE] PSA International has denied media reports out of India saying its subsidiary PSA Marine had bought a stake in an Indian shipping venture. "We wish to confirm that PSA Marine (Pte) Ltd, a fully owned subsidiary of PSA International Pte Ltd. has
      102 words
    • 278 17 Source: Reuters SGX *600 Mart SS W- Val CHOfhhor* .0.37 uoch 14 Oman Hup .0.16 -0.01 1926 Cosco Corporation 1.20 0.02 5663 CWT Distribution 1.04 0.01 261 EzraHtdgi 2.32 -0.05 454 »MLHa -0.06 unch 135 d tanks Yacht .J JO -0.01 2 jMHotdngs -lit 1M1 1716 jtlvntum.-. <U)V
      Source: Reuters  -  278 words
    • 812 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR T'HE admiralty jurisdiction of the Singapore High Court is confined to goods carried on a ship as cargo or as passengers' baggage and not to other goods on a ship, the High Court has concluded following established English
      812 words
    • 288 17 AP [MANILA] A ferry carrying close to 800 passengers and crew caught fire yesterday while sailing in the central Philippines, but no injuries were immediately reported, a spokesman for the ship's owner said. The fire broke out shortly before noon in
      AP  -  288 words
    • PORT SHOTS
      • 202 17 Bloomberg [LONDON] Inmarsat Holdings Ltd, whose satellites provide communications for commercial cargo vessels, government patrol boats and round-the-world yachts, said its full-year profit more than tripled as demand for its services increased. Net income in the 12 months through December 2005 was U5564.4 million
        Bloomberg  -  202 words
      • 133 17 Xinhua [PHNOM PENH] Cambodia has discovered the remains of a wooden ship and pottery possibly dating back to the seventh century, local media reported yesterday. Cambodian naval divers discovered the remains of a sunken sail ship and a range of pottery late last month
        Xinhua  -  133 words
      • 163 17 Bloomberg [SHANGHAI] Jinzhou Port Co, a port operator based in north-east China, posted a 63 per cent gain in the fourth-quarter profit, as increasing exports boosted demand for cargo services. Net income jumped to 24.3 million yuan (554.9 million) from 14.9 million
        Bloomberg  -  163 words

  • EDITORIAL & OPINION
    • 483 18 EDITORIAL FROM an economic standpoint, the political tremors in both the Philippines and Thailand have no correlation to the underlying fundamentals. The macro-economic numbers were looking up and incumbent administrations in both countries were putting in place reforms to ensure long-term sustainability of growth.
      483 words
    • 731 18  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent SO far, so boring. If Denmark had not triggered a furore in many Muslim countries by publishing controversial caricatures of Prophet Mohammed, there would be little mention of the European Union (EU) in
      731 words
    • 976 18  -  What is needed is deeper reforms and better distribution of growth, among other things By SHANTAYANAN DEVARAJAN, HOMI KHARAS ASIA is a puzzle. China, India and several other countries are enjoying rapid economic growth. Yet some 600 million Asians more than
      BLOOMBERG  -  976 words
    • 625 19  -  The first to benefit will be consumers paying more for kopi-o and school bus fares By IVAN PNG IN January, the Competition Act came into force. The US government stipulated that we must enact a general competition law as a condition for concluding a
      FILE PHOTO  -  625 words
    • 1014 19  -  By DANIEL ALTMAN IHT FOR drug companies, globalisation has brought a double boon: new markets and new testing grounds for clinical trials. Better information technology and transport infrastructure have made monitoring the ethics of those trials somewhat easier, but experts say problems are still proliferating.
      IHT; SHAW  -  1,014 words
    • 247 19  -  LETTERS TO THE EDITOR Goh Kok Yeow De Souza Tay Goh I WAS the counsel for Roger May Peters, who was the executor of Dennis William Pinder, in the case discussed in yesterday's report, "When one's country of domicile matters". It quoted Justice Rajah as
      247 words
    • 307 19  -  Lawrence Lee Singapore I AM teaching tourism studies at a Singapore institute, and, together with many of my students, am closely following the Integrated Resort (IR) bidding process. It appears that "the gloves are off" as we reach the final countdown for
      307 words

  • Page 19 Advertisements
    • 133 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btietter@sph.com.sg or write to: The Business 4' 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
      133 words

  • 10703 20 SGX MAINBOARD Transaction date: Mar 9 52 WV Tal Last Vol Day Last Quota GrOiv Dtv GrYtd (tot MCap Wgh Low Code Company Sato rOOO) Mgh Low luyer Sdtor Cw Wt inm 5 2 5716 1st Software 5c 2 unch 779 2 2 2 2.5 8.1 18.5 6
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  • 6099 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SI In USS yr dy yr dy Syr w»l lnd«» Change Change Ch«ngt Change Change Change WarMindaPrehneiay S82-5 -05 24 -06 07 -0,5 2.7 Wt ftefmmg 1001.8 25 <16 1.7 -0.5 3.7 e-fccePtHwmary ***** -07 45 0£ 315 -0.5
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  • Page 22 Advertisements
    • 1085 22 I We offer fully containerised service I I I connecting the world: giODany dedicated I I I America/South Africa/Australia/New II Zealand/Hawaii/Mexico/lntra-Asia V For complete/specific schedule WE ARE MORE THAN JUST A LINER COMPANY information, please visit our Global Homepage: www.nykline.com our Global Homepage: WWW.nykline.com UK CONTINENT SERVICE 11.5.A SERVICE Destination
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  • Page 23 Advertisements
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  • Page 24 Advertisements
    • 866 24 HNordana (Asia) Pte Lid ST' 70 Shirt-Way, 121-03 Mart* How 0791 IS NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATS figg[ VOY ISfc—HM Ffwwrtfa SSIB lsl—d Jofcta (hfafs lri»d P«k farfbkmd Emtrs I lEM2 I QZjMHE LUu IlJtac X I 23 Ma, iMiiZS
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    • 394 24 i BSA x MYANMA ■H FIVE STAR UNE (Myamar National Um) Loading for Yangon VESSE VOY SN PKI PIN PGU OM SNWE HAW 90W SID PAGAN 349W SIC IN MALAYSIA: IOUSTUD SHIPPING AGENCIES KUI/PKL 03-*****3 M "PIN: 04-*****1S MKtttk ACCEPTING CONVENTIONAL CBO Vtssa WIIK 1 K KOI TN ITU SM
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  • THE BUISNESS TIMES SHIPPING TIMES
    • 7161 25 This ETA ETA Adwrtiur Vassal Voyage Telephone SIM Desfe Hwn Name Number Number MMMgWMMMMNHMMHMMnmNNMBMMBMMMHMNHWMWHNMi To ABIDJAN (ABi) 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
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  • BOOKS/WINE
    • 930 26  -  Harris, recently opened by the Popular group, is targeted at the English book market. PARVATHI NAYAR checks out the store PARVATHI NAYAR *1 OOD news for those 1+ addicted to the m printed word: bookm store choices in Sin•JM gapore seem to be Z"
      YEN MENG JIIN  -  930 words
    • 1095 26  -  By N K YONG LATE last month I was dining in one of those numerous seafood cafes in Bali's Jim bar an beach with Anna Marie Prum and daughter Katharina (of famed Mosel producer J J Prum) and their international distributor, Wilhelm Steifensand. In the hurry
      BLOOMBERG  -  1,095 words
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  • ARTS
    • 845 27  -  It celebrates its second birthday on March 26. MATTHEW PHAN looks at how effective the Arts House has been as a 'champion for developmental artists' MATTHEW PHAN IN the last year, the Arts House which turns two on March 26 has charted a path between
      845 words
    • 298 27  -  By MATTHEW PHAN LIKE Kenny G for his soothing brand of jazzy elevator music? Then stay away from the Mosaic Music Festival which kicks off today until March 19 this funky groove-fest is not for the musically faint of heart. As it is, the
      298 words
    • 435 27  -  By MATTHEW PHAN WHEN one of the highlights of your show is something called The Flying Babies, it's understandable that trying to get adults to buy tickets might be a little hard. But when your target audience is under 12, it's a
      435 words
    • 926 28  -  Indian cntemporary artist Sayed Haider Raza talks to PARVATHI NAYAR about the influences behind his work PARVATHI NAYAR AN iconic figure of Indian contemporary art, Sayed Haider Raza is best known for the geometric forms and abstract symbolism of his work that
      YENN MENG JIIN  -  926 words
    • 442 28  -  By PARVATHI NAYAR FIRST it was a book by Michael Chiang, later a sold-out play by Theatre Works, then even a film. Yet some 20 years and five restagings later, the Drama Centre was still packed on the night we went to
      442 words
  • Page 27 Advertisements
    • 349 27 s «a?Ancient Cures |w~] Modern Science I Founded on a Medical Legacy of The Vital Energy of 3 Generations Whole Reishi 1 1 1 With family heritage «i«cped Long revered in the East, the many benefit* of in roedkft! innovation for over WHOLE ftcahi (Un&Zfo) have now been validated half
      349 words

  • Page 28 Advertisements
    • 174 28 Villnr *(imU ;h v/.\o in*ll |mt iirm Hilfi 1 I rrc tluMic «H i (»!lrr le.i Mslitlruil.s Men j Njs: Gorenq Istimew-i Hjirunese Chicken Rice K.itsu Don Y K.impong Fried Rice* Sliced Fish Thick Beehoon Soup Singapore Liks.i Fried Thjt St>le Kwu> Te.iv, ;Pcihd Th.nl Grilled Chicken with Pr.it.i B'o.id
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    • 192 28 <>»» mxn I imomSSMWM wtmunm Exclusively for Dfnors Club Cei dmtmbw»: 50% Off on# Aoril irnnQWAmi wKh i unlit 2 parsons tor the WeoMneli Day SM CXnnar TMmlOmMom Hwnotlon vt/Von MMmnrMWoHi UtMd tor dto*-Hi only Mor morvattoH a roqu<ro4 UmivKlwi art on a firtt-cemeHrst-strved bn* SUtfKt to 10% wvtci etavge,
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    • 104 28 Special Offer Peter Lehmann Wines Purchase of: 6 bottles 15% Discount bottles 20% Discount Cash Cany at: I Vinotique Wine Cellar Blk 4 Queen's Road #02-133 NT Fim* *oa< WM Ww**r INa J Teh *****911 IvHvnwjj Hours 3put to 10 pra Tmc *> Fn 2pm k> lOptn A Sun tftoaeii
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    • 161 28 —a—9 Ts* i I Jpj^ [MB Featuring over 20 varieties of mushrooms, fresh seafood and ctH| meat served in a signature hot V| .pot and other exciting ".j§> f modern Chinese dishes. Sumptuous set menus 4 Pq*|» available for 2to 1 2 %Sji vHBI Th« Mushroom Pot g, #01 -02
      161 words

  • CINEMA
    • 507 29  -  You have to be in a surreal frame of mind to enjoy the gunfire-punctuated Takeshi's, says PARVATHI NAYAR PARVATHI NAYAR JAPANESE icon Takeshi 'Beat' Kitano has a vast following both as popular entertainer and cult fave. He is a multi-hyphenate in real life who
      FILE PHOTO  -  507 words
    • 490 29  -  By GEOFFREY EU WHEN it comes to unscripted dialogue and organised activity, children have a well-known propensity to be expressive, entertaining and very, very cute just by being themselves. The filmmakers of Mad Hot Ballroom have exploited this tendency to maximum effect and come up
      490 words
  • Page 29 Advertisements
    • 527 29 PBsyw *****1 [#j I i VRbiHH Dlfl I ,*i| ÜBSI^UU BMmIBII >h H9B »*j PHHHHBHHBHHHHHI Distributed by Managed by JABNAMRO ODBS BARCLAYS i Tel: 1800-ABNAM*O (226 2676) Tel: 1800-111 1111 Tel: 1800-MAYBANK (1800-629 2265) Standard Chartered £j| ■jjjj' unoid ovcrmas iank Tel: 1800-789 7000 Tel: 1800 22 22 121 1
      527 words
  • Page 29 Miscellaneous
    • 211 29 CRYPTIC CROSSWORD 26 Here we let her repair the motor (5-7) 7 Entre nous, the stylus isn't YESTERDAY'S SOLUTION DOWN working (3,3,6) Across: 1 Detritus, 5 Blotto, 8 1 Spiel about large serving-dish 10 Ce r su l e about her f*™ oo Limper, 9 Entrance, 10 Starship, 11 rj\
      211 words

  • executive lifestyle
    • 613 30  -  off the cuff jaime ee LIFE is full of disappointment. It's disappointing to lose the Best Picture Oscar. It's disappointing when you lose your mobile phone with your DIY porno video in it. It's disappointing when someone writes in to say
      613 words
    • 1506 30  -  The reopening of The Cathay's box office on March 24, six years after it closed, marks the end of a long and difficult road for the building's owners who have to reconcile commercial considerations with conservation requirements. GEOFFREY EU looks at the historic journey taken by
      ARTHUR LEE  -  1,506 words
    • 245 30 "You may not like the film but it will certainly engage you," says Cathay's Choo Meileen of the independent movies that will be screened at The Picturehouse, which retains the name of the cus-tom-built cinema to offer alternative cinematic fare in Singapore. A significant proportion of the
      245 words
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