The Business Times, 7 September 2006

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Total Pages: 30
1 30 The Business Times

  • TOP STORIES
    • 622 2 Reuters. NYT [BRUSSELS/WASHNGTON] Plans to reinvigorate the International Monetary Fund by increasing the clout of China and other emerging economies appeared to suffer a severe blow on Tuesday as staunch objections from Europe surfaced publicly. A European Union source said EU finance
      Reuters. NYT; AFP  -  622 words
    • 611 2  -  This is crucial 'because I don't believe all our troubles are over' By DANIEL BUENAS [SINGAPORE] Building trust and rapport between Singapore's third generation of union leaders and the government is crucial if unions are to remain rele- vant and effective,
      611 words
    • 584 2 It will raise investments in developing nations to 20% from 15% Bloomberg [SINGAPORE] The Government of Singapore Investment Corporation (GIC), manager of the world's sev-enth-largest currency reserves, plans to increase emerging-market investments by "several billion dollars" to bolster shrinking returns. The company will increase the
      Bloomberg  -  584 words
    • 495 2 Effect of govt links 'neutral, not negative' TEMASEK Holdings's parentage has long been a thorny issue, both here and abroad. But asked if that had hindered its investment strategy, the company says the overall effect is "neutral" rather than negative. TOP STORIES, PAGE 3 Asian love affair pays
      495 words
    • 829 3  -  TEMASEK REPORT Temasek has shown it's an international investor, says its chief investment officer By CONRAD TAN, LESLIE YEE [SINGAPORE] Temasek Holdings' government parentage has long been a thorny issue, both here and abroad. But asked whether its government links have hindered
      829 words
    • 357 3  -  Returns from region far superior to rest of portfolio By CONRAD TAN [SINGAPORE] Temasek Holdings chief investment officer Charles Ong has "a love for Asia". And no wonder: the returns on Temasek's new investments over the past four years the bulk of which
      357 words
    • 299 3  -  By LESLIE YEE [SINGAPORE] Amid renewed calls by the government to welcome foreign talent to Singapore, Temasek Holdings has increased diversity in its ranks. Foreigners made up 27 per cent of Temasek's staff at end-March this year compared with just one per cent at endMarch 2002. Foreign
      299 words
  • Page 2 Advertisements
    • 440 2 Funds Work! Hedge funds, unit trusts and collective investment scheme Dates The pooling of investor funds is an alternative to individual investing. 05 &06 October 2006 Collective investment vehicles offer investors diverse balance of different 9.00 am to 5.00pm investment styles, product sectors and risk/return profiles. Unit trusts (aka mutual
      440 words
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  • Page 3 Advertisements
    • 121 3 I THE HOURGLASS Contemporary Horologica! Art t l\ .1I I <ill 1 I I.I 111« fI M U s.n» <l'H"i l<Wn,. Wv VOUTILAINKN trio VI ANNE Y HALTER Crenellated platinum case with Grade 2 titanium orbital cross with SuperLumiNova hour markers URWERK h r i i I THE HOURGLASS SINGAPORE
      121 words

  • COMPANY NEWS
    • 583 4  -  Singapore banking group is in China for the long term, says CEO Tai By MATTHEW PHAN DBS Group Holdings is planning to grow overseas revenues to 50 per cent of the group's total, up from about a third now, CEO Jackson Tai
      PHOTOS BT ARTHUR LEE  -  583 words
    • 698 4  -  HOCK LOCK SIEW By LESLIE YEE INVESTMENT bankers tout the virtues of having a good free float so there will be sufficient liquidity in a company's shares and it can attract greater interest from institutional investors. In short, there should be a positive
      698 words
    • 476 4  -  By OH BOON PING CHIP foundry Chartered Semiconductor Manufacturing has kept its profit and sales forecast for the third quarter ending Sept 30. "The quarter is essentially progressing in line with what we had anticipated earlier, and therefore we are reiterating the guidance we originally provided
      476 words
    • 398 4 Bloomberg SINGAPORE Exchange Ltd (SGX), which on Tuesday began trading the world's first index futures based on stocks listed in mainland China, said it has "alternatives" for the contract's data source amid concerns about a lawsuit. FTSE Xinhua Index Ltd, which is being sued
      Bloomberg  -  398 words
    • 359 6  -  VT Halter Marine to build 4 more tug barges for American customer By MICHELLE QUAH A UNIT of the marine arm of ST Engineering has won a US$24O million contract to build tug barges for American company Vessel Management Services, a subsidiary of Crowley
      359 words
    • 357 6  -  By OH BOON PING SHARES of GES International, a takeover target of Venture Corp, fell prey yesterday to rumours that it may have lost Micros as a customer, prompting a Singapore Exchange (SGX) query on the counter's trading activity. From its
      Source: Bloomberg  -  357 words
    • 430 6 Reuters ADVANCE SCT Ltd expects its revenues to grow by several times in the next three years as it ventures into the copper recycling and refining businesses. The company, which originally focused on testing printed circuit boards (PCBs), recently acquired recycling firm Green World
      Reuters  -  430 words
    • COMPANY BRIEFS
      • 73 6 WBL Corporation yesterday said its subsidiary, Wearnes Automotive Pte Ltd, has acquired the business of the retail, sale, repair and servicing of the Renault brand of vehicles and certain fixed assets, car inventory, parts and workshop equipment from Exklusiv Auto Services Pte
        73 words
      • 66 6 AIROCEAN'S wholly owned subsidiary EVS Holdings has entered into a deal to sell its entire 40 per cent stake in events management company Shanghai ÜBI-Endlos to an independent third party for U*****,000. Meanwhile, A-sonic Aerospace's stake in Airocean has risen to 25.87 per cent from
        66 words
      • 66 6 ANOTHER three Sesdaq-listed companies Aqua-Terra Supply Co, Best World International and Vibropower Corporation have obtained in-principle approval from the Singapore Exchange for the transfer of their shares to the main board. Dates have not been announced yet. Aztech Systems, which announced on Monday
        66 words
      • 78 6 LC Development is acquiring a piece of land 1.3 million sq ft in area in Koh Samui, Thailand, for hotel and residential development. Its Thai associate Thai Lum Chang Company will acquire 49 per cent of Devaraya, the company that owns the land. The remaining
        78 words
      • 40 6 ASTI Holdings CEO Charles Cher Lew Siang and chief financial officer Woo Kwek Kiong have been appointed to similar positions at Advanced Systems Automation, which Asti is in the process of taking over.
        40 words
      • 49 6 SNP Corporation said shareholders of its Hong v Kong-based subsidiary, SNP Leefung Holdings Ltd, have voted in favour of its plan to take SNP Leefung private. The court hearing of the petition to sanction the scheme is expected to be on Sept 15.
        49 words
      • 22 6 CHINA Printing Dyeing Holding's initial public offering of 113.4 million shares was about 7.6 times subscribed.
        22 words
      • 50 6 THAKRAL Corporation has issued a profit warning, saying that its performance for the current quarter ending Sept 30 will not be an improvement over the June quarter as earlier predicted. The company said it was experiencing difficult business conditions for its supply chain management division.
        50 words
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 89 6 This announcement appears as a matter of record only September 2006 CHINA PRINTING DYEING HOLDING LIMITED (Incorporated in the Republic of Singapore on 26 August 2005) (Registration Number: *****1864G) Invitation in respect of 113,435,000 Invitation Shares comprising 96,000,000 New Shares and 17,435,000 Vendor Shares, as foiiows:(1) 5,700,000 Offer Shares at
      89 words
    • 1025 6 if CHINA PRINTING DYEING HOLDING LIMITED (Incorporated in the Republic of Singapore on 26 August 2005) (Registration Number: *****1864G) Invitation in respect of 113,435,000 Invitation Shares comprising *****0,000 New Shares and 17,436,000 Vendor Shares, as follows:(1) 5,700,000 Offer Shares at SSO27 each by way of public offer and (2) 107.*****00
      1,025 words

  • STOCK FOCUS
    • 1043 7  -  Second Chance Properties offers investors a good exposure to the retail sector, says R SIVANITHY R SIVANITHY ONE of the criticisms which can be levelled at local companies is their reluctance to install formal "whistleblowing" systems. It seems only a handful of listed firms have implemented
      Source: Bloomberg  -  1,043 words
  • Page 7 Advertisements
    • 210 7 BPsm Best Practices Search Presents 9-11 October 2006 Suntec Singapore International Convention Exhibition Centre Pre-Conference Workshop (9-10 October 2006): Moving towards Service Excellence Service Leadership, System, Delivery, Measurement and Improvement Mr. Fong Ho Keng Principal Lecturer, Ngee Ann Polytechnic; Expert in "Strategy Formulation and Implementation" (Outstanding QC Manager of the
      210 words
    • 29 7 AN EXCLUSIVE SALE 8 TO 10 SEPTEMBER ISETAN SCOTTS, EVENT HALL, LEVEL 4 ISETAN SINGAPORE www. isetan. com. sg Isetan Scotts Tel: 6733 1111. Open Daily 10.00 am 9.30pm.
      29 words

  • SINGAPORE MARKETS
    • 542 8  -  STOCKS Reversal in futures market for US benchmarks mounts immediate pressure on Asia-Pac markets R SIVANITHY Senior Correspondent THESE days traders spend a fair amount of time trying to guess what Wall Street might do when it opens later in the day. In fact,
      Source: Bloomberg  -  542 words
    • 996 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Sep 6 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell '000 Shr S ('000) C000) Metro Hldgs 5-Sep-06 Eng Kuan Co. PL Buy 3439 na ***** 14.28 ***** 14.82 Metro
      996 words
    • Article, Illustration
      909 8  -  Compiled by UMA SHANKARI Magnecomp International 7 Sept 6 close: $0.80 PHILLIP SECURITIES RESEARCH. Sept 6 2H06 should have no more significant surprises. We expect Magnecomp's (MGCP) OACE division to record slight sequential improvement in earnings for both 3Q06 and 4Q06- We do not expect further significant downside earnings
      Source: Bloomberg  -  909 words
    • 518 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar made a valiant recovery attempt in Asian trading yesterday, recovering from Tuesday's worst levels to finish back above 116 Japanese yen and 7.94 Chinese yuan once more. And looking ahead, the yen's almost non-existent
      Source: Reuters  -  518 words

  • COMPANY NEWS
    • 355 9  -  Strong institutional support; estimated net proceeds of $46.3m By UMA SHANKARI UPMARKET residential developer SC Global Developments announced yesterday that it has placed out 24 million new shares at $1.95 each for estimated net proceeds of $46.3 million to international institu- tional investors. SC
      355 words
    • 601 9 Reuters CREATIVE Technology's Zen music players will struggle against Apple's popular iPod, but the lossmaking firm could have a bright future making sound chips and accessories for its arch-rival and others. Singapore-based Creative Technology has suffered two straight quarters of losses as it
      Reuters  -  601 words
    • 296 9 IT SOLUTIONS provider Singapore Computer Systems (SCS) yesterday announced that it is selling its stake in leading Philippine call centre Ambergris to its joint venture partner Telus International. Telus is one of Canada's biggest telecommunications companies. Last February, SCS paid
      296 words
  • Page 9 Advertisements
    • 114 9 If you are facing any of the following: lip; 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. v You or your
      114 words

  • SINGAPORE INTERNATIONAL
    • 1040 10  -  And IE Singapore says Mexico is the ideal place for it for Singapore companies supplying American MNCs in the US. CHUANG PECK MING reports CHUANG PECK MING FIRST, there was "outsourcing"; now, there is "nearshoring". This relatively new business idea is fast catching on with American
      1,040 words
    • 332 10  -  By CHUANG PECK MING WHILE observers saw the bitterly contested presidential election recently in Mexico as polarising for the country, the new Mexican ambassador to Singapore says it was "pretty normal" in a pluralistic democratic system and business should go on
      ARTHUR LEE  -  332 words
    • 242 10  -  By CHUANG PECK MING BANYAN Tree, which is developing two Asian-style spa reports in Mexico, has gone there to be closer to its key markets, according to Paul Chong, the luxury resort operator's assistant vice-president for business development. "We felt
      242 words
  • Page 10 Advertisements
    • 331 10 The Latin Asia Biz Forum, Asia's premier forum on latin America, brings together successful business leaders L; I Asia's Premier from Latin America and Asia to highlight new opportunities for partnership and investment. With a line- A IZ up of the most distinguished speakers from business and government, the Latin
      331 words
    • 22 10 1 ENTERPRISE the Business Times SINGAPORE Singapore ttaotpor* IMmnUoml ti vMdljfi imriMfocuKd broujw teyoubyHStngepereeftdTheluilnwTlfmllllfwerelien SQtnCy UIIW! Xnt WnHTry 9" 'W* #OQ tnuuvvry
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  • SINGAPORE NEWS
    • 467 11  -  It also wants to help manage underground oil storage here By RONNIE LIM EMIRATES National Oil Company (ENOC) is set to proceed with a US$5O mil-lion-plus third-phase expansion that will add 250,000-350,000 cubic metres of storage to its US$225 million Horizon Terminals
      467 words
    • 706 11  -  By UMA SHANKARI SINGAPORE'S Marina Bay waterfront is all set to be home to three distinct gardens each with its own unique look the National Parks Board revealed yesterday. And Minister for National Development Mah Bow Tan, who formally unveiled the masterplan for
      706 words
    • 465 11  -  By NANDE KHIN THE Doing Business 2007 report by the World Bank and the International Finance Corporation (IFC) may not be a truly comprehensive barometer of the ease of doing business in different countries, but it is still a very
      465 words
    • 249 11  -  By SAMUEL EE COE premiums surged yesterday, with the premium for commercial vehicles racing to a four-year high as buyers try to beat an Oct 1 deadline when a new emission standard comes into force. From next month, all new die-sel-powered vehicles
      249 words
    • 181 11 MORE sites meant for the development of hotels will be put up for sale over the next few years, said National Development Minister Mah Bow Tan yesterday at the launch of the Gardens by the Bay Masterplan Exhibition. "We are ramping up
      181 words
    • SINGAPORE ROUNDUP
      • 58 11 THE Esplanade performing arts venue will operate as usual during the IMF-World Bank Group meetings from Sept 10 to Sept 20, though it will be closed to the public on Sept 19. Vehicle access into the Esplanade will not be affected, though several roads
        58 words
      • 50 11 PRIME Minister Lee Hsien Loong is making an official visit to the United Kingdom from today to Saturday before visiting Finland for the Sixth Asia-Europe Meeting held in Helsinki from Saturday to Monday. Mrs Lee and Foreign Minister George Yeo will accompany him.
        50 words
      • 27 11 SINGAPORE'S first ever business-to-business branding survey was launched yesterday by StrategiCom in partnership with the Singapore Business Federation and supported by IE Singapore.
        27 words
  • Page 11 Advertisements

  • ECONOMY WATCH
    • 633 12  -  Regional growth forecast to slip to 7.1% next year from 7.7% this year By ANNA TEO [SINGAPORE] Even with downside risks larger than before, Asia's economic outlook remains a ".benign picture", says Frank Harrigan, assistant chief economist of the Asian Development Bank. The Manila-based
      BLOOMBERG  -  633 words
    • 506 12 Strong performances in China and India cited Bloomberg [NEW DELHI] The Asian Development Bank (ADB) raised its 2006 growth forecast for Asia excluding Japan for the second time this year, citing "strong performances" in China and India, which account for
      Bloomberg  -  506 words
    • 261 12 AFP [LONDON] Chinese Premier Wen Jiabao ruled out any dramatic shift in the country's currency, saying it would rise gradually, in an interview with The Times published yesterday. "The floating band will be gradually expanded. So there will be no more 'surprise'
      AFP  -  261 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
    • 71 13 Sony Ericsson ■ppppii^ H^' ■Pr pp^^ The new P99oi. pW| A smarter phone for business. If Compact and incredibly powerful, the new P99oi helps you stay 5 1 11 KV ,ta I on tO P °f business even as you stay on top of the game. Wi-Fi Push email enabled
      71 words

  • MALAYSIA/INDONESIA
    • 533 14  -  But US chip-maker will go ahead with unveiling of Kedah centre in 2007 By PAULINE NG in Kuala Lumpur INTEL Malaysia cannot escape the effects of American chip giant's global restructuring exercise, given that it accounts for about 10 per cent of
      533 words
    • 171 14 AFP [KUALA LUMPUR] The Malaysian government's investment arm Khazanah Nasional will soon issue Islamic bonds to raise up to US$l billion, a move economists said yesterday will capitalise on demand from Middle East investors flush with petro-dollars. Second Finance Minister Nor Mohamed Yakcop was quoted
      AFP  -  171 words
    • BRIEFLY ASIA
      • 84 14 Reuters [BEIJING] Shanghai's new Financial Derivatives Exchange will begin mock trading of its stock index futures contract on Sept 15, state media said, even as its shareholders race to block a rival index futures contract in Singapore. The start of mock trading had been
        Reuters  -  84 words
      • 59 14 Bernama [JOHOR BAHRU] The Johor government will not allow a casino to be built in Danga Bay or anywhere else in Johor state. State Tourism and Environment Committee chairman Freddie Long said Johor would not follow in the footsteps of Singapore which
        Bernama  -  59 words
      • 113 14 —Reuters [HONG KONG] Conglomerate Hutchison Whampoa Ltd and sister property developer Cheung Kong (Holdings) have sold about 22 per cent of online travel company Priceline.com Inc, worth around US$3O4 million. The two Li Ka-shing companies, which held about 12.7 million shares before the sale,
        —Reuters  -  113 words
      • 66 14 Bloomberg [MUMBAI] Citigroup Inc said it will bid to acquire United Western Bank, joining a race with Standard Chartered pic and at least five Indian lenders to buy the Maharashtra-based bank with a strong rural base. ICICI Bank Ltd, Canara Bank, Andhra Bank, Federal
        Bloomberg  -  66 words
      • 91 14 Reuters [BEIJING] China's Huaan Fund Management Co Ltd has been given a US$5OO million quota to invest overseas under the country's Qualified Domestic Institutional Investor (QDII) programme, the official China Securities Journal said yesterday. Huaan became the first domestic fund manager to receive approval to
        Reuters  -  91 words
      • 99 14 —Xinhua [BEIJING] A China Life executive has confirmed the company is to have its shares traded on the Shanghai stock exchange. The underwriters are expected to be the China International Capital Corp (CICC), CITIC Securities and Galaxy Securities, Liu Lefei, chief investment officer of
        —Xinhua  -  99 words
    • 5255 14 UNIT TRUSTS FUNDS AB Amer Income BT USD 86/ ABAmer Income A USO 8.58/ ABAmer Income B USO 8.58/ AM Amro Asset Mgt (S'pore) ABAmer Income A EUR 6.6* Star Euope Eqty! (197 AB Amer Income B EUR 6.6* Star Europe Bond 1.191/ ABEurop Income Opp AT SGD 15.06/ StoEirapeBal-
      5,255 words
  • Page 14 Advertisements
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  • INDIA
    • 447 15 India must speed up reforms to become major financial hub Reuters [NEW DELHI] Globalisation will force the Indian government to make the rupee more convertible sooner rather than later, a member of an official advisory panel on convertibility said on Tuesday. The panel's
      Reuters  -  447 words
    • 176 15 [MUMBAI] Cipla, India's second-largest pharmaceutical company, is in talks with biotechnology firms in China to acquire large-capacity manufacturing facilities along with the latest fermentation technology, according to a report in the Business Standard. "We are looking at some biotech manufacturing facilities in China and other
      176 words
    • 2350 15 VOL General Corp 0.58 -0.01 60 Sep 6 RM C000) Genting .24.80 -0.70 389 George Kent ..0.50 -0.01 35 A M Realty 1.43 unch 0 GHL Systems 033 unch 1072 Abf'C -0.31 unch 43 Globetronks Tech 0.30 0.01 345 ACP Industries 0.85 -0.01 170 GlomacBhd 1.07 unch 76
      2,350 words
    • 510 15 It's sticking to stand that it and Temasekare separate investors Bloomberg [SINGAPORE] The Government of Singapore Investment Corp (GIC) will again try to raise its stake in ICICI Bank Ltd, GIC managing director Ng Kok Song said, after India blocked a
      Bloomberg  -  510 words
  • Page 15 Advertisements
    • 1414 15 A LKN-PRIMEFIELD LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0131N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of LKN-Primefield Limited (the "Company") wilt be held at Copthome King's Hotel, Prince 2, Level 13. 403 Havelock Road, Singapore *****2 on Friday,
      1,414 words

  • GREATER CHINA
    • 306 16 AP [BEIJING] China will keep its status as the developing world's top investment destination in coming years, attracting some US$BO billion in 2010, while neighbouring India lags behind, according to a study released yesterday. Foreign investment in South-east Asia should
      AP  -  306 words
    • 454 16 Wu Minglie suspected of illegal use of housing deposits Reuters [SHANGHAI] The chairman of one of Shanghai's largest property developers has been detained for questioning in a widening investigation into corruption in the city, state media reported yesterday. Wu Minglie, head of the
      Reuters  -  454 words
    • 453 16 AFP [HONG KONG] Macau's first Las Vegas-style resort called its first day of operations a great success with no hitches yesterday, as thousands thronged to be first to place bets at Wynn Macau. Each of the luxury resort's 600 lavish hotel rooms
      AFP; PHOTOS: REUTERS  -  453 words
    • 291 16 She gets back half of HK$120m paid for eight years of unlimited lessons Bloomberg [HONG KONG] HSBC Holdings Pic banker Mimi Monica Wong won a Hong Kong lawsuit seeking the return of HK$6O million (5512.1 million) in fees she paid for Latin
      Bloomberg  -  291 words
    • 341 16  -  By JEAN CHUA [SINGAPORE] Some of the most successful private businessmen from China's Zhejiang province are in town to look for business and investment opportunities. No longer content with just the domestic market, they want to go international and use
      341 words
    • 238 16 AP [HONG KONG, SHANGHAI] Hong Kong market regulator the Securities and Futures Commission (SFC) is concerned that Giordano International chairman Peter Lau further increased his shareholding in the company between June 6 and June 23, the period when Japanese apparel retailer Fast Retailing
      AP  -  238 words
  • Page 16 Advertisements
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      1,468 words

  • ASIA-PACIFIC/WORLD
    • 473 17 Mulally becomes Ford Motor Co CEO and president in unexpected move Reuters. Bloomberg [NEW YORK] Boeing Co on Tuesday named company veteran Scott Carson as chief executive of its commercial airplane unit, filling the hole left by Alan Mulally's unexpected appointment
      Reuters.; Bloomberg; AP  -  473 words
    • 818 17  -  ASIA INSIGHT Will something be done about global imbalances before it's too late? ANTHONY ROWLEY Tokyo Correspondent I RECENTLY interviewed two Asian finance ministers in two different cities Tokyo and Seoul on two consecutive days and, while this probably does not qualify as
      818 words
    • 408 17 Reuters. AP [LONDON] British Prime Minister Tony Blair faced a growing revolt in his Labour Party yesterday as six junior members of his government quit to protest his refusal to say when he'll let go of power. The rebellion flared
      Reuters.; AP  -  408 words
    • 241 17 AFP [TOKYO] Japanese business leaders yesterday hailed the birth of the royal family's first boy in more than 40 years an event that some forecasters say could give a multi-billion-dollar boost to the Japanese economy. The positive economic impact of the birth is estimated
      AFP  -  241 words
    • 428 17 LATEST US DATA Reuters. AP [WASHINGTON] US business productivity grew at a 1.6 per cent annual rate in the second quarter, higher than first estimated, the government said yesterday in a report that also showed worker compensation up much more this year than initially
      Reuters.; AP  -  428 words
    • WORLD WATCH
      • 69 17 Reuters [LONDON] Vivendi's Universal Music has agreed to buy BMG Music Publishing for 1.63 billion euros (553.27 billion) in a long-expected deal that makes the world's biggest seller of recorded music also the largest in music publishing. German media conglomerate Bertelsmann AG also
        Reuters  -  69 words
      • 59 17 AP [SAN JOSE. California] Could the company that helped catapult the legal music download market with iPods and iTunes now kick-start the online movie market? Rumors of Apple Computer Inc's plans to launch a movie download service gained momentum on Tuesday after the company sent
        AP  -  59 words
      • 68 17 Reuters [SYDNEY] Australia's second-biggest retailer. Coles Myer Ltd, yesterday rejected a A 517.3 billion (5520.9 billion) buyout bid by a private equity consortium, saying it substantially undervalued the company. Coles Myer said the bid, pitched at an indicative price of A$ 14.50 a share,
        Reuters  -  68 words
      • 102 17 Reuters [TOKYO] Sony Corp said yesterday it would delay the European launch of its Play Station 3 (PS3) video game console by about four months to March and cut its target for shipments this year by half. Sony had planned to launch the
        Reuters  -  102 words
      • 37 17 Bloomberg [CANBERRA] Telstra Corp chief executive officer Sol Trujillo said regulations have been problematic for Australia's biggest telephone company as the government prepares to sell an AsB billion (559.6 billion) stake. —Bloomberg
        Bloomberg  -  37 words
  • Page 17 Advertisements
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  • AVIATION
    • 508 18 MJ, Japan's first domestically developed plane in 44 years, may enter service in 2012 Bloomberg, Reuters [TOKYO] The Japanese government denied a report that it will pay 30 per cent of the costs for the first domestically developed aircraft since 1962. "The
      Bloomberg,; Reuters  -  508 words
    • 2271 18 CITY FLIGHT ETA FLIGHT ETC 9W18 1650 QF3955 2300 OF3954 1650 Abu Dhabi 5Q455 1135 SQ456 1» SQ141 1145 5Q142 0935 Adelaide LH9771 1750 AF8088 2215 153S SQ146 1640 SQ230 1750 BA7382 2215 S0147 SOMI goo AF8087 1850 Of82 2215 Sqi47 2235 SQ148 1900 BA7381 1850
      2,271 words
    • 409 18  -  By DONALD URQUHART [SINGAPORE] Tiger Airways, which started flying the Singapore-Philippines-Macau route last October, has been given the green light to continue for five years, extending the twomonth temporary permit granted in August by Philippine regulators. Tiger said yesterday that it had been granted
      FILE PHOTO  -  409 words
    • 234 18 [SINGAPORE] Singapore Airshow announced yesterday it has awarded Eng Lim Construction a $60 million contract for the new Changi North site where the 2008 airshow event will be held. The 30-hectare site will be developed from reclaimed land adjacent to Changi Airport, with the
      234 words
    • 193 18 AFP [MANILA] The Philippine government will take full control of Manila airport's controversial new airport terminal despite an international court ruling to return it to its builders, President Gloria Arroyo's spokesman said yesterday. Ignacio Bunye said government lawyers would handle the legal strategy
      AFP  -  193 words
    • 118 18 Bloomberg [TAIPEI] Taiwan's Chiang Kai-shek International Airport, named in honour of a former president and advocate of reunification with China, is to be renamed. The Cabinet, in a weekly meeting, yesterday approved a transportation ministry proposal that the facility be renamed Taiwan Taoyuan
      Bloomberg  -  118 words
    • 377 18 Bloomberg [SYDNEY] Qantas Airways Ltd, Australia's biggest airline, may buy domestic freighters such as Linfox Group to reverse a slump in profit and expand its transport services, Merrill Lynch Co said. Closely held Linfox, the nation's second-biggest trucker, would cost about Asl.3
      Bloomberg  -  377 words
  • Page 18 Miscellaneous
    • 199 18 CRYPTIC CROSSWORD DOWN 1 Prepare to obtain prompt (3,5) 9 Distributor sorts wines when YESTERDAY'S SOLUTION 2 Ocean ungulates of the hippo- quality of being "interesting" Across- 1 CaDture 9 Monetary camp, type! (9) warrants reporting (14) 10 Cleanse, 11 Decadent, 12 Taller! 3 Listens frantically then joins 15 Incitement
      199 words

  • SHIPPING
    • 410 19 Shippers agree to rescind higher charges, resume moving cargo Reuters [DHAKA] Foreign ship operators resumed moving cargo to and from Bangladesh ports late on Tuesday after a three-day boycott as a dispute over freight rates was resolved, shippers and officials said. "The shippers
      Reuters  -  410 words
    • 226 19 Anderimar Shipping News [LONDON] The US Court of Appeals for the Third Circuit has made a ruling which appears to reduce the severity of punishments available for cases where a ship's Oil Record Book has been falsified. The court has ordered that Noel
      Anderimar Shipping News  -  226 words
    • 307 19 Bloomberg [NEW DELHI] Petronet LNG Ltd, India's first liquefied natural gas importer, will build a port to ftilfill a condition which was laid down by the government when it was given land to build its LNG import terminal in the western
      Bloomberg  -  307 words
    • 284 19 SGX '000 Sep 6 SJ W- Vol CH Offshore 0.37 302 ChuanHup 0.33 0.01 1224 Cosco Corporation 1.57 0.02 5422 CWT Distribution 0.60 -0.01 54 Ezra Hldgs 2.71 -0.02 560 Freight Links 0.06 unch 498 Grand Banks Yacht 0.87 unch 24 Jaya Holdings 1.40 0.03 3462 K1 Venture
      284 words
    • 251 19 Bloomberg [KUALA LUMPUR] Malaysia's Free Zone Capital Bhd plans to sell RM4IO million (Ssl76 million) of bonds this month to fund road and electrical work at Port Klang, the country's biggest port. The fixed-rate bonds will be sold in three portions, maturing
      Bloomberg  -  251 words
    • 104 19 Xinhua [HELSINKI] Finland sent four containers of oil-cleaning equipment to Lebanon on Monday to help mop up a massive oil slick caused by Israel's bombardment of a power station, Finnish Environment Institute said on Tuesday. The containers included a light oil containment boom and equipment for
      Xinhua  -  104 words
  • Page 19 Advertisements

  • EDITORIAL & OPINION
    • 529 20 EDITORIAL THE 12 per cent reversal in oil prices from last month's historic peak may hearten consumers, but that should not lull anyone into a false sense of security. The trend is clear: the five-year upward move in prices has shown that neither
      529 words
    • 1032 20  - Can Paulson change US-Asian ties Over the past few years, there has been a drastic decline in the US Treasury's economic standing in Asia. It was partly by design, but mostly about personnel choices WILLIAM PESEK JR Bloomberg THERE was a time when a US Treasury secretary visiting Asia was
      Bloomberg; REUTERS  -  1,032 words
    • 777 20  -  THE BOTTOM LINE ROBERT SAMUELSON IF you're looking for the action in education, forget the Ivy League. Talk instead to Anthony Zeiss, president of Central Piedmont Community College in Charlotte, North Carolina. It has six campuses and 70,000 students taking classes in everything
      777 words
    • 1350 21  -  Proponents of a geologic theory known as peak oil say global oil production is now at or near its zenith By DEEPAK GOPINATH Bloomberg ON A sweltering Tuesday in mid-July, in the fields outside Pisa, Italy, Willem Kadijk scribbles notes as a
      Bloomberg; KEPPEIFELS  -  1,350 words
    • 815 21  -  But pullout of Western troops should come with well-planned, comprehensive solution By NAJIBULLAH LAFRAIE IHT THE initial American idea in Afghanistan in the aftermath of 9/11 was not to do what the Soviet army had done not to commit a large force, but to work
      IHT; AP  -  815 words
    • 209 21  -  LETTER TO THE EDITOR Nicholas de Boursac Executive director American Chamber of Commerce in Singapore I REFER to the report, "Further price, rental gains seen for Orchard area homes" (BT, Aug 30) in which housing rental increases were predicted. This may not
      209 words

  • Page 21 Advertisements
    • 101 21 HAVEYOURSAY Fax your letters to 6319-8277 or email them to btletteriteph.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 laws. We
      101 words

  • 9470 22 SGX MAINBOARD Transaction date: Sep 6 52-WV Tat Last Vol Day Last Quote Dtv GrYM Nat MCao High Low Coda Company Sate COOP) H»nh Low luyar Sajlar Cvr Wt $wll 4 1 5716 IstSoftwar* 2 2 2.5 61 I1.S 6 314> STetecom 6.5 uoch 10 6.5 65 6.5
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  • Page 22 Advertisements
    • 31 22 THE WATCH OF YOUR LVfiHEHf* 0B fess*' MB n ■■PPMplgirLA boutique T*:««e49 is 1 Ontt»: AUDfcMAHS-RKJUFr (SWOAPORE) PRIVATE LIMITED *fe!; 6238 6678 Fax: 6238 6676 Internet: http'J/www.«u<J«n«r»plflu»l com r liiiiiiiMMir** ww,i
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  • 6134 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In loot curt In SS In USS dy *yr &f yr dy Sqii Indw Chang* Ouoq« Oingt Q»«ng» Puny WWMintoPtefanmay ***** 0.1 55 0.1 }i -01 9j0 tEAHPWtawary <0317 O.I 62 05 6.9 -05 134 Europe Preliminary 0.3 73 -0.8 103 48 17,0
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  • Page 24 Advertisements
    • 1031 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/A7W/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E/w Ma aysia Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN DYNAMIC JDH/AQA ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia
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    • 635 24 pi DOWGWAMA LINE COWMM—MD «WWC« vissa (Cyiky sad voy I sgp hkg (Hn tominal) OWINTAL MIGHT 0721 09/09 13/09 YM INTIILIGINT 09f I 16/09 1 20/09 VISSU (EVIRY SUN) VOY SGP HUG KOTA HASH HAS43I 10/09 14/09 KOTAHAUTA HTA444 17/091 21/09 VKSa (tV«Y SUN) VOY SGP HKG (WD TKY YOK
      635 words
    • 498 24 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.tom vissa vor rmv hboht sin uc mo say iai wf TAIAIOT Af627 400Tms 6.3 M 16/09 10/10 If/10 23/10 21/10 26/10 TALISMAN AF62B 3201 MS 6.4 M 02/10 19/10 21/10 01/11 06/11 04/11 TOURCOMG A 1629 4001 ms 6.3 M _07/10_ 30/10 00/11 12/11
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  • Page 25 Advertisements
    • 1569 25 WAN HAI INTERNATIONAL PTC LTD a NO; **********0/R VTr.A .Hill TEL*****5M (14LINES) FAX:*****163 V\\N WAN HAI I INF\ Customer Service/Bookings Direct Line (1800) *****200 I VVnll IIMI LlllLlJ WIB:(O3)334MWHUtHJ)*****2MFBIHL(OO *****00ML(04)229*199 JOH IB: (07) *****23 HUL- (07)*****21 SURIB: (031) *****75 FAX: (031) *****14/ *****05 www wonhai mm <o *T*:|o2l) *****MHULMJ1) JiS47«»rtM«:
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    • 1220 25 I VESSEL VOY PKL SIN I KARACHI DXB BAB NHS PMM BIK I KHOB IRAN SATTARI PCI 8156 13/09 24/09 15/09 31/OS r O2/10 04/10 IRAN KORDCSTAN PCI SI 55 12/09 13/09 22/09 25/09 26/09 01/10 03/10 05/10 IRAN BAABAEI |PCI ***** 23/09 02/10 05/10 |06/10 12/10 14/101 16/10 I
      1,220 words
    • 867 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICO POINTS vessel vot sm pjoang colomo swva coiomo KOTA raTAMA TPWO43 OS SET 06 SEP 09 SEP I2SEP IUB HOWUH HIOGE 005SW I2SEP 13 SEP It SEP USEP ?3 SEP lOTAPEKWIKA YfWWI HSg 20SEP 23SEP 26SEP 30SEP WOIIA
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 5952 26 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone El SIN Desfn Name Name Number Number SIN Desfn Name Name Number Number SI 2*10 06/11 PTDjakarta ANL ESPRIT 031S *****202 To ABIDJAN (ABJ) 2003 Cote D'lvoire 02/11 15/11 Austral AL
      5,952 words

  • BizIT
    • 769 27  -  It targets mobile platform solutions market, reports ROLAND LIM ROLAND LIM Betting on the growth on mobile messaging in the enterprise space, USbased database and software solutions provider Sybase Inc yesterday forked out US$425 million to buy privately held mobile messaging and content delivery vendor Mobile
      769 words
    • 357 27  -  More corporate functions to be moved here By WINSTON CHAI NXP Semiconductors is planning to move more of its corporate functions to its Singapore subsidiary, although it is business as usual for most parts of Asia after a recent rebranding exercise. The company,
      357 words
    • 365 27  -  By AMIT ROY CHOUDHURY TREND Micro, which provides network anti-virus and content security software and services, says the latest gateway security appliance meant for the small and medium business (SMB) sector is now available in Singapore. The company's InterScan Gateway Security appliance is designed for
      365 words
  • Page 27 Advertisements
    • 210 27 www.DopodAsia.com ***** w Enjoy Mobility Dopod 838 Pro. FOR ALL YOUR must keep in touch with the office by checking my emails on the go and making sure the deals are signed and the goods get sent on time while surfing the web for the best places to go on
      210 words

  • PROPERTY
    • 306 28  -  They are expected to fetch a combined price of $2.8-3m By KALPANA RASHIWALA THE taxman is understood to have put two adjoining plots of land adding up to 7,565 sq ft at Sixth Avenue up for auction. The freehold
      306 words
    • 626 29  -  Key CBD building's managers believe its upgrading will bring benefits By ARTHUR SIM THE regeneration of the Central Business District (CBD) is gaining pace, with another major building being refurbished. The 30-year-old International Plaza will have a $15 million makeover, with the cost coming
      626 words
    • 582 29  -  By CLARENCE MICHAEL in Dubai INCREASING business cost on the back of a huge rise in rents has created conditions that are not conducive to fresh investments in the UAE, especially Dubai, where a rent cap expires shortly. The 15 per cent
      582 words
    • 825 30  -  Housing cost for them is already 30-35% up under new US tax law By KALPANA RASHIWALA LANDLORDS of apartments in the Orchard Road area who are thinking of raising rents may face resistance from American expatriate tenants as they
      825 words
    • 1601 30 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/IAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ fl) (SS'OOO) (S$) District 01 NON-LANDED Pearls Cte Apt 18/08/2006 99 1485 505 340 The Sail At Marina Bay Apt 24/08/2006 99 1776 2442 1375 The Sail At
      1,601 words
  • Page 28 Advertisements
    • 340 28 LARGE PRIME RESIDENTIAL DEVELOPMENT SITE: SOPHIA COURT TV 77 I Near to Orchard Road and /y Singapore Management University sfcJS- 'V/• Site area approximately 166 140 sq ft Freehold I M'SWAs Plot ratio 2.1 Minimal development hou*o« ST charge payable Tfcn Ytok Nm \x\ rise Fort Canning Contact: CB Richard
      340 words
    • 244 28 3-room -|l Wm For Lease ■Bfe 5 %iii p»- I UE Print Media Hub, at Paya Lebar Road BRAND NEW, TOP 1" Quarter 2007 5-storey building with basement carpark Units from 1,300 sqft 17,000 sqft Food Court in Building Next to Circle Line MRT Station Attractive Rentals Sole Marketing Agent
      244 words

  • Page 29 Advertisements
    • 7 29 g v-•. -Y. I:-" A** f pwfe,-1
      7 words
    • 152 29 FOR SALE 2 adjoining 3-storey bungalows land 15,000+ sf and 16,000+ sf Sole Agent! STEVEN LOH CONSULTING Wai Kwong 9021 6028 Steven Loh 9338 6296 COLLECTIVE SALE 126 A, 128, 128 A, 130 130 A Lor L Telok Kurau T~~ Land Approx 22,362.21 sf f Plot Ratio 1.4 Le Conn«y
      152 words
    • 577 29 savills I PRIME CBD COMMERCIAL BUILDING a* 13-storey commercial building with ground floor retail space. Gross Floor Area: 96,734 sq.ft. Nett Lettable Area: 72,122 sq.ft. (potential to enhance to 75,227 sq.ft.) Total Carpark Lots: 103 Tenure: 99 yrs from 19/3/1997 Walk to Tanjong Pagar MRT station. Easy access to ECP/AYE.
      577 words

  • Page 30 Advertisements
    • 229 30 A Prestigious District 10 Good Class Bungalow Area; A\ Freehold Sprawling 70,995 sq.ft.; subdivisable up to 4 plots or or collective jS fcj purchases J J ■saap 15,000 sq.ft. 120,000 sq.ft. 135,000 sq.ft. 50,000 sq.ft. |70,995 sq.ft Above areas serve as a guide and is subject to final survey and
      229 words