The Business Times, 19 September 2006

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Total Pages: 46
1 42 The Business Times
  • 38 1 THE BUSINESS TIMES M' SINGAPORE 85 cents MICA (P) 099/03/2006 Tuesday, September 19,2006 THE BUSINESS TIMES m W th ANNIVERSARY Je> SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Tuesday, September 19,2006
    38 words
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  • 965 2 THE platform is now in place. In a matter of two years, United Overseas Bank (UOB) has leapfrogged from one that is largely dependent on a market of four million people, to an enlarged platform covering well over 300 million. The results are clear. The next
    965 words
  • 89 2 At (JOB we understand that every SME's dream is to grow their business into an international corporation, we've got the experience and the expertise to help them get there. Our expenence comes from being the leading SME financier with over 40% of the
    89 words
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  • 1251 3 Innovation is our Tradition FOR some of the most affluent in the region, the name "United Overseas Bank" is synonymous with product innovation and service quality in consumer banking. Founded in 1935, UOB only went big into consumer banking in the late 1980s, pushing frontiers
    1,251 words
  • Page 3 Advertisements
    • 206 3 "IKf UOB #UOB UOR Sp: />////, JF z\z W sisy v V "I-"- fe'h Mv* I b It' i if |l fll >mtL~jm»:zr* "~r —rnwmsmms* £22 EE ::r EZJ UOB Infinite Visa Card UOB Signature Visa Card UOB Business Platinum Card UOB Lady's MasterCard EMV Chip UOB is the first
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  • 917 1  -  Four nations get bigger voice; Wolfowitz's stand gets go-ahead By NANDE KHIN, JEAN CHUA [SINGAPORE] An overwhelming 90.6 per cent vote by International Monetary Fund (IMF) member countries yesterday will immediately give China, South Korea, Mexico and Turkey a bigger say in how
    STEPHEN JAFFE/IMF  -  917 words
  • 610 1  -  But it's been pipped by District 10 so far this year By KALPANA RASHIWALA [SINGAPORE] District 15, which includes the popular Katong and East Coast locations, is the district with the highest number of private home transactions since the start
    Source: URA Real is oBR Research  -  610 words
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  • TOP STORIES
    • 425 2 SM picks Indonesia, India, Vietnam as growth winners INDIA, Vietnam and Indonesia are among a list of Asian countries forecast by Senior Minister Goh Chok Tong to be growth winners in the coming decades. He said they deserve attention because they have leaders with a pragmatic vision for
      425 words
    • 601 2  -  But analysts reckon economy can still meet official growth projection By CHUANG PECK MING [SINGAPORE] For a second straight month, Singapore's key non-oil domestic exports have expanded below expectations. The NODX in August rose just 2.6 per cent from a year ago
      Source: International Enterprise S'pore  -  601 words
    • 205 2 THE latest edition of People at The Peak is being launched at bookstores this week but you can get a complimentary copy if you subscribe to the BT Weekend edition. The business, political and social'flrho's who directory retails for 565.
      205 words
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    • 37 2 people Giv a e b y r °e u a r k self Call us. Www thepeopleatwork com Asia-Pacific Executive Search Enterprise One www.business.gov.sg iPf ff ;f f Simply 109 on to www businGSS.gov. sg your business
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    • 37 2 Parting company? Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in out newspapers now. KATS^II NOTICES B l 1 i here Raffles"City Convention Centre Swissotel The Stamford 2 Stamford Road jfInHBHT Singapore, *****2
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  • Page 3 Advertisements
    • 180 3 ORCHARD iSCOTTS URBAN ART FORM -ff &l < a 4p- r BUKIT TIM AH Rfi CIRCUS CIIMIMCIAU AVE NORTH A MASTERPIECE BY ra ORCHARD iSCOTTS FAR EAST ORGANIZATION SHERATON TOWERS ESI jgriiA. i AND ARQUITECTONICA (USA) O GOODWOOD PARK HOTEL f FAR EAST PLAZA Spoken in the same breath as
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  • SINGAPORE 2006
    • 657 4  -  COMMENTARY Yen weakness noted again with return to yield plays, traders and strategists say LARRY WEE Senior Correspondent IN sharp contrast to its sharp fall after the last G-7 finance ministers' meeting six months ago in Washington, the US dollar finished in stronger territory
      Source: Reuters  -  657 words
    • 473 4  -  They have the 3 factors critical for effective growth By CHEN HUIFEN [SINGAPOREI India, Vietnam and Indonesia are among a list of Asian countries forecast by Senior Minister Goh Chok Tong to be growth winners in the coming decades. He said thejf
      473 words
    • 768 7  -  SUMMIT WATCH IMF's new role is crucial for region's economic health VIKRAM KHANNA Associate Editor NINE years on from the Asian financial crisis, the image of the International Monetary Fund in Asia is still under a cloud. However, it is now a very
      768 words
    • 361 7  -  By WONG WEI KONG A HIGH-POWERED commission set up by the World Bank has started its study of substantive issues to help countries achieve and sustain future growth. The Commission on Growth and Development met for the second time on Sunday during
      361 words
    • 372 7  -  By JEAN CHUA THE private sector arm of the World Bank Group will put more resources into what it calls frontier markets such as the Middle East and Africa where its investments rose 80 per cent last year. Most in need of the
      372 words
    • 758 8 Paulson steps up effort to enlist fund in currency surveillance Bloomberg. Reuters, AFP CHINA and Japan opposed calls by US Treasury Secretary Henry Paulson for the International Monetary Fund (IMF) to police "misaligned" currencies, saying the role is outside the fund's mandate
      Bloomberg.; Reuters,; AFP  -  758 words
    • 461 8 AFP. Reuters [SINGAPORE] US Treasury Secretary Henry Paulson will press for ambitious reform in China but yesterday he warned Beijing's critics in Washington not to expect a "quick fix". With elections for Congress looming in November, Mr Paulson is under pressure to return from
      AFP.; Reuters  -  461 words
    • 594 8  -  AT LEISURE CONRAD RAJ Senior Correspondent TIMING and location are crucial to ensure a successful event. And this was borne out on Sunday by the turnout for the various events for delegates to the meetings of the World Bank and Interna- tional Monetary
      ARTHUR LEE  -  594 words
    • IN BRIEF
      • 80 8 AP [SINGAPORE] US Treasury Secretary Henry Paulson yesterday warned against irresponsible borrowing or lending involving countries that have received debt relief. While many highly indebted countries in Africa have had their loans forgiven by Western governments and donor agencies, they say that the flow
        AP  -  80 words
      • 57 8 Reuters [SINGAPORE! European Development and Humanitarian Aid ConuriHioner Louis Michel has warned against attackukgChina for doling out loans to some of the world's poorest countries and said it is better to make Beijing a partner in promoting development. Mr Michel said that this was
        Reuters  -  57 words
      • 61 8 Bloomberg [SINGAPORE] European Central Bank officials said inflation pressures may persist beyond 2007, indicating they'll keep raising interest rates into next year. "We still see quite strong inflation dynamics throughout 200 into 2008," ECB council member Axel Weber said. Mr Weber and ECB president Jean-Claude
        Bloomberg  -  61 words
      • 52 8 AFP [SINGAPORE] Funding shortfalls could derail the World Bank's goal of giving poor children free access tc primary education by 2015 officials and activists warn. Campaigners singled out the US, Japan, Italy and Germany for criticism because of alleged broken promises to increase education
        AFP  -  52 words
    • 739 10  -  PROGRAM OF SEMINARS Region's currencies can be made more stable vis-a-vis one another: panelists By NANDE KHIN A COMMON Asian currency to replace national currencies looks unlikely any time soon, but there are ways to make Asian currencies more stable vis-a-vis one another,
      YEN MENG JIIN  -  739 words
    • 4886 10 UNIT TRUSTS FUNDS AS Am Income 8TUS0 161/ AB Amer Income A USD 8.58/ AB Amer Income B USD 158/ P>W* A8 Anw Income A EUR .6.77/ SarfirtfrBaff M6S AS Amer Income B EUR 6.77/ 1.9* ABEutop Income Opp AT SGO 15.04/ SarEurapeBat.. 1.182/ ABEuraphcomeOppBTSGD 15.04/ SiSSS?** ABEurop Income Opp
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    • 394 11  -  PROGRAM OF SEMINARS By ANNA TEO WITH the rise of Asia as an economic dynamo, major problems of social inequity and corruption still need to be surmounted, a panel heard yesterday. East Asia has succeeded in making its mark on the global trade
      394 words
    • 387 11  -  By CHUANG PECK MING A PANEL of employers and labour leaders, including Singapore's Lim Boon Heng, yesterday agreed that a social partnership between government, employers and unions can make a key contribution to economic growth, especially in an increasingly globalised world. But to
      387 words
    • 392 11  -  Analyst says move will hamstring its small, fragmented bond markets By SIOW LI SEN SOME Asian countries are trying to regulate rating agencies and prescribe their usage by the market. This is a protectionist development which will hamstring the fragmented and small regional
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    • 155 7 citigroupj Thinking for Generations private bank V.' t v,'' 1 > > We are delighted to present to you our latest achievement: It is with pride that we receive this award of excellence and with thanks that we dedicate it to our clients for placing their faith in us. This
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    • 148 8 ,w A m Private banks and premier financial institutions are rushing to hire wealth managers. Graduates from this pinnacle programme would be sought after by choice employers. Get your passport to a golden career in the wealth management industry with the Master of Financial Planning degree. I University of Southern
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    • 119 8 PT)TT)r SPIRE INVESTMENT HOLDINGS LIMITED T|| (Company Registration No. *****1954N) K-/ A V-E—J (Incorporated in the Republic of Singapore on 14 February, 2006) ANNOUNCEMENT INVITATION IN RESPECT OF 35,000,000 "A" ORDINARY S$ SHARES AND 35,000,000 "B" ORDINARY US$ SHARES (THE "INVITATION") CLOSE OF INVITATION The Board of Directors of Spire
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  • COMPANY NEWS
    • 661 12  -  The tycoon will invest what it takes to revive the e-waste recycler By MICHELLE QUAH TYCOON Oei Hong Leong says he is fully committed to his investment in Citiraya Industries so much so that he's willing to sink in as much money as
      ZAOBAO  -  661 words
    • 685 12  -  HOCK LOCK SIEW By MICHELLE QUAH RECENT boardroom tussles at Manhattan Resources, integra2ooo and Pacific Internet have thrown the spotlight on a crucial issue: Who really has the right to appoint and remove a company's board the management, or the shareholders? In Manhattan's
      685 words
    • 276 12  -  By OH BOON PING DBS Bank was yesterday named the Best Trade Finance Bank and Best Foreign Exchange Bank in Singapore at the Global Finance Awards ceremony. The Singapore bank was also honoured as the Best Foreign Exchange Bank in South-east Asia.
      276 words
    • 396 13  -  IFC to invest US$20m in China unit SinoSpring, and make US$25m loan to sub-unit By MATTHEW PHAN SINOSPRING Utility, a 50 per cent-owned company of water specialist Hyflux, is receiving US$45 million of financing from the International Finance Corp. The IFC is the
      396 words
    • 509 13  -  Wants his response to forensic findings put on SGX website By MICHELLE QUAH FORMER integra2ooo CEO Kwok Kah Kie has responded angrily to an announcement by the company last week that detailed findings of a recent investigation into the company's affairs by forensic accountants. In
      509 words
    • COMPANY BRIEFS
      • 74 14 PACIFIC Century Regional Developments (PCRD) has revised upwards its first-half results, after taking into account its share of profits from Hong Kong-listed PCCW. For the six months ended June, PCRD posted a profit of $35.2 million, helped by a $37.6 million share of
        74 words
      • 45 14 GKE International has posted a full-year loss of $782,000, wider than the $689,000 loss reported a year earlier. This was despite a 57 per cent jump in revenue to $19 million for the 12 months ended May 31.
        45 words
      • 62 14 TT INTERNATIONAL said it has secured a US$50 million syndicated loan facility from BNP Paribas, Rabobank International, DBS Bank. KBC BankNV, and OCBC Bank. The amount is US$10 million higher than the US$40 million it had announced in July. The proceeds will be used
        62 words
      • 36 14 PACIFIC Andes Holdings yesterday announced the death of its chairman Ng Swee Hong over the weekend. Mr Ng is the founder and executive chairman of its parent company, Pacific Andes International Holdfrigs.
        36 words
    • 415 14  -  $17.3 m move to ride turnaround in construction industry By ARTHUR SIM CSC Holdings, a specialist foundation and geotechnical engineering services provider, wants to take on bigger jobs and has proposed to acquire L&M Foundation Specialist (L&MFS) to this end. Mainboard-listed CSC Holdings
      415 words
    • 441 14 It will be the second biggest IPO in S'pore this year Reuters MARINE fuel supplier Chemoil Energy kicked off roadshows yesterday for an initial public offering worth up to US$374 million, the second-biggest IPO in Singapore this year, bankers said. A source
      Reuters  -  441 words
    • 422 14 It launches movie MP3 player, links with online service AFP [SAN FRANCISCOI While Microsoft's Zune MP3 player remained a mere promise yesterday, Creative Technology delivered to market a competing device crafted with movie viewing in mind. Creative's freshly unveiled Zen Vision W player is
      AFP  -  422 words
    • 348 15  -  Tan filed notice of appeal after being sentenced in July By CONRAD TAN FORMER Accord Customer Care Solutions (ACCS) chief executive Victor Tan has dropped plans to appeal against a jail sentence for his role in a fraud that engulfed the mobile
      FIIE PHOTO  -  348 words
    • 279 15 FOLLOWING its acquisition in March of a 35 per cent stake in TOM Outdoor Media Group (*****) TOM Group's outdoor-advertis-ing arm in China Singapore Press Holdings (SPH) has appointed five people to fill various key positions at TOM ***** subsidiaries. Simon Choo, CEO (China)
      279 words
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    • 3018 12 MANDATORY CONDITIONAL CASH OFFER By Qcimb CIMB-GK Securities Pte. Ltd. (Incorporated in the Republic of Singapore) (Co. Reg. No. *****1621 D) for and on behalf of Saiacca Re Ltd (Incorporated in the Republic of Singapore) (Co. Reg. No. *****3692 D) for Boardroom Limited (Incorporated in the Republic of Singapore) (Co.
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  • Page 14 Advertisements
    • 11 14 ■■Fth MMMMT The Business Times JD To subscribe call 6388 3838
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    • 357 14 >ATci NOTICES loll Iter 18(H) ;'89 882? I tii.nl n<)ti<:<;s«' sph.aim.! cwr CWT LIMITED (Inoofporatad In thaßapubMc of Singapore) (Company RaglatraOon No. *****0406 M) PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP CAPITAL OF C&P ASIA PTE. LTD. FROM INTERESTED PERSONS ("PROPOSED ACQUISITION") DESPATCH OF CIRCULAR AND NOTICE OF EQM
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    • 393 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHIN HO COMPANY PRIVATE LIMITED Company Registration N0:*****0283M (in Members' Voluntary Liquidation) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN that the oedtosofteebwenamedoompany, which is being wound up voiuntartty, an required on or Mora 230dober 2006 to
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    • 203 14 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 ED) AND IN THE MATTER OF IBM TRANSPORT ft LOGISTICS PTE. LTD. (In Members' Voluntary Liquidation) (Company Reg. No. *****5092N) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that purauant to Section 308 of the Companiee Act (Cap. 50, 1994 Ed),
      203 words

  • Page 15 Advertisements
    • 209 15 With an unwavering drive for winning, an entrepreneurial spirit that's second to none and an unmatched passion for achieving maximum returns on your investment, ING will build and manage your wealth with a personal touch. This dedication, combined with our access to global knowledge and a wide range of innovative
      209 words

  • SINGAPORE MARKETS
    • 523 16  -  STOCKS Investors reckon that the US Federal Reserve won't hike interest rates this week R SIVANITHY Senior Correspondent A LATE push on the banks yesterday propelled the Straits Times Index past the 2,550 mark as investors bet heavily that the US Federal Reserve will
      Source: Bloomberg  -  523 words
    • 957 16 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Sep 18 and earlier) Subsantial No of Price SHAREHOLDING Tram Shareholder/ Buy I Shares Per Before After Stock Date Director Sell 000 Shr < £000) COOP) Ace Dynamics 18-Sep-06 Greenline Hldgs PL *Buy 176 na 9054 6.47 9230 6.59 Ace Dynamics
      957 words
    • Article, Illustration
      962 16  -  Compiled by MATTHEW PHAN Labroy Marine S«pt 18 dose $1.64 CLSA ASIA-PACIFIC Sept 17 v WITH O&M macro indicators suggesting a sustained upcycle for another two to three years, Labroy is certainly at the right place at the right time. Its ship-building and rigbuilding businesses are geared into
      Source: Bloomberg  -  962 words
    • 524 16 CURRENCIES Reuters [LONDON] The yen matched a fivemonth low against the dollar yesterday, reversing initial gains, as currency markets shrugged off calls from some members of the Group of Seven rich countries for the Japanese currency to appreciate. Elsewhere, the Swedish crown jumped
      Reuters; ARTHUR LEE  -  524 words

  • SINGAPORE NEWS
    • 485 17  -  NEW BANKING PLAYERS Local branch is regional project finance centre of Asia for BBVA By LESLIE YEE LEADING Spanish financial services powerhouse BBVA yesterday opened its Singapore branch the only Spanish bank with a presence in Singapore today as part of its ambitious Asian
      485 words
    • 542 17  -  By RONNIE LIM THE extremely volatile oil market with crude prices gyrating between July's record U5578.40 and today's US$63-plus price or by around 20 per cent has resulted in "very tough trading conditions" in the third quarter, Singapore oil traders told
      542 words
    • 377 17  -  By WEE LI-EN FUSIONPOLIS contractor Greatearth-United Engineers Joint Venture (GEUEJV) was yesterday fined $160,000 for failing to ensure that a place of work was of sound construction and properly maintained. The company admitted the offence after an incident two years ago when two
      377 words
    • SINGAPORE ROUNDUP
      • 76 17 QATAR'S Minister of Finance, Yousef Hussein Kamal, called on Senior Minister Goh Chok Tong yesterday. They exchanged views on recent developments in the Middle East and spoke about the upcoming High Level Joint Committee to promote bilateral ties between Qatar and Singapore. The joint committee
        76 words
      • 65 17 THE National Arts Council has announced six new members for a two-year term starting this month. Among the six are jazz musician Jeremy Monteiro, theatre director Ong Keng Sen, and Singapore Exchange chief executive officer Hsieh Fu Hua. They replace six outgoing members in the
        65 words
    • 184 17 SINGAPORE forged closer ties with two East European countries yesterday, having signed two separate agreements with Estonia and Ukraine. It inked an avoidance of double taxation and prevention of fiscal evasion agreement with Estonia, aimed at boosting the cross-border flow of trade, investment, financial
      184 words
    • 246 17  -  By MATTHEW PHAN ANOTHER European bank has officially set foot in Singapore. In an operation timed to coincide with the publicity spotlight from the IMF-World Bank meetings, DZ Bank International Singapore opened merchant and private banking offices here yesterday. The new unit of
      246 words
  • Page 17 Advertisements
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  • SMEspotlight
    • 941 18  -  They're good food, good ambience and good service, reveals the Italian restaurant group's owner, as he talks to RUCHIKA TULSHYAN about his passion for cooking RUCHIKA TULSHYAN IT IS often impossible to separate a small and mediumsized enterprise (SME) from its founder/owner. Roberto
      JOHN HENG  -  941 words
    • 1207 18  -  By CHEW XIANG "WHEN I find someone I respect writing about an edgy, nervous wine that dithered in the glass, I cringe. When I hear someone I don't respect talking about an austere, unforgiving wine, I turn a bit austere and unforgiving myself...
      JOHN HENG  -  1,207 words

  • ENTERPRISE & INNOVATION
    • 1800 19  -  Utac founder Inderjit Singh tells CHEN HUIFEN things are much better now for entrepreneurs in Singapore than when he started out CHEN HUIFEN WHEN Inderjit Singh started his first company in Singapore about a decade ago, he recalled facing a multitude of obstacles, including a dearth of
      FILE PHOTO  -  1,800 words
    • 1006 19  -  By CHEN HUIFEN CYNICS who say there is no room for failures in Singapore only has to look to Clarence Tan for inspiration. The 39-year-old and the tale of his latest outfit Globalßoam Group is a classic "failed entrepreneur made good" story.
      FILE PHOTO  -  1,006 words
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  • S'PORE POLY BUSINESS SCHOOL
    • 988 20  -  Singapore Poly principal Low Wong Fook talks about the kind of students that the institution aims to develop that are in tandem with the changing economic landscape Low Wong Fook IN A Teacher's Day rally speech earlier this month, Prime Minister Lee Hsien Loong mapped
      988 words
    • 1102 21  -  The Business School believes in preparing students for the working world by giving them first-hand industry experiences. CRYSTAL NEO finds out what some students learnt onboard the SuperStar Virgo. CRYSTAL NEO IF there is one thing that Vanessa Chng, 17, can't stop talking about since her learning
      1,102 words
    • 271 22 The Department of Business Administration was set up: It started with eight members of staff with an enrolment of 522 full-time students and 16 part-time students. It operated from two venues: an off-site campus at former Labrador Secondary School and Block 6 of Singapore Polytechnic.
      271 words
    • 742 22 School of Business director V Maheantharan tells how overseas trips and flexible learning are helping its students to be more nimble AS Singapore strives to remain competitive amid Asia's emerging economies, the need for a keen understanding of other cultures and overseas experience has become more pressing.
      742 words
    • 1380 23  -  Restaurant owner Diana Cheng, who was among the pioneer batch of SP business students, talks to JAMIE LEE about her successes and failures, which have not deterred her from expanding overseas JAMIE LEE DIANA Cheng has had fingers burnt in and out of the kitchen. The managing
      ARTHUR LEE  -  1,380 words
    • 773 24  -  ALICE TANG and VICTOR JOE look at how celebrity endorsements influence consumers' buying behaviour ALICE TANG,VICTOR JOE WOULD you buy the model of car driven by your favourite film star? Would you wear a watch endorsed by your favourite singer? These were two of the
      FILE PHOTO; Source: The School of Business Singapore Polytechnic  -  773 words
  • Page 20 Advertisements
    • 80 20 My Mum's Cuisine Restaurant Group Mil l^ggjgj fJoodle Hut AToastto t the Singapore Polytechnic School of Business Honouring 20 years of grooming the nation's creme de la creme... and cooking up an internationally saluted storm of young talents 290 Orchard Road, #B 1-42/43 Paragon, Singapore *****9 Tel: (>734 5990 Noodle
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    • 28 20 Cp? rf hUaiuHLs f SINGAPORE POLYTECHNIC'S SCHOOL OF BUSINESS 20th ANNIVERSARY C&P HOLDINGS PTE LTD 46 PENJURU LANE, SINGAPORE *****6 TEL: +65 6268 2222 FAX: +65 6264 1700
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  • Page 21 Advertisements
    • 224 21 Congratulations to the Singapore Polytechnic School of Business in celebrating 20 years of education excellence LEADERSHIP™ the power of financial management in business The CI MA Professional CIMA the Chartered Institute of Management Accountants ~r i. I Sustainable business growth is underpinned by quality people Qualification is highly committed t0
      224 words

  • Page 22 Advertisements
    • 208 22 Steve Jobs Sim Wong Hoo Sir Richard Branson Just 3 "S"es who'll live happily ever after. Their names are synonymous with world-famous companies Apple, Creative, and Virgin. Each entrepreneur is worth millions of dollars today, and features prominently in rich lists. We guess you won't need to complete university as
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    • 80 22 I Mr BL, Jf MP" 1 W iSK'' WHF Bp p Ei3f r Bf "tWjfc' Hbr^r congratulations to the SINGAPORE POLYTECHNIC SCHOOL OF BUSINESS 20YEARS OF SUCCESS BUILDING GL^HEX CONSULTING CROUP GLOHEX GROUPS PTE LTD (Company No: *****3912N) 16 Raffles Quay #33-028 Hong Leong Building, Singapore *****1 Tel: ■♦•65-6396 4544
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    • 105 24 4 CPA SINGAPORE. w Designated to venture with confidence. m wf WF Jf V* v -\p; w,' V". ypi* i ■mm s i *m The CPA Singapore designation carries with it a distinction that not < only enhances your professional standing but also certifies you with the For more details,
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  • MALAYSIA/INDONESIA
    • 580 25  -  Plan may be moved up to allow budget carriers to fly direct to East Malaysia By S JAYASANKARAN in Kuaia Lumpur THE liberalisation of the skies between the Malaysian capital and Singapore could happen as early as next
      AFP  -  580 words
    • 232 25 Reuters [JAKARTA] Chinese auto maker Chery Automobile has set up a production facility for its Chery QQ model in Indonesia and plans to turn die country into an export base for the region, its local partner said yesterday. Indonesia's second-largest auto
      Reuters  -  232 words
    • 456 25 Letter of intent signed for tie-up to assemble cars Bloomberg [KUALA LUMPUR] Proton Holdings Bhd, Malaysia's biggest carmaker, may form an alliance with PSA Peugeot Citroen to build and assemble cars. Shares of the state-controlled company rose on expectations a tie-up may help revive earnings.
      Bloomberg  -  456 words
  • Page 25 Advertisements
    • 180 25 I. I I I 111 5: j d ''SsKßSSKKß^^S^^^^^'l > HP jy. S' SPr# *>**»«« .v:.r |fgBBBPMB|BBBB||BB^^ jSmT*Z ii The Baroda Sun now rises in Singapore ||HHHM^^HHH|||^H 60 th ■■■^H Overseas Office Launching Singapore branch (offshore) today 19th Sept 2006 at 9, Raffles Place, Republic Plaza, #34-02, Singapore lIIII^H^^IiiI^^HIII^IHII^^^HH^HIi Our
      180 words

  • GREATER CHINA
    • 237 26 Reuters [SHANGHAI] Growth of China's new loans is likely to slow in the second half of this year, bringing the country's total new loans in 2006 to between 3.1 and 3.3 trillion yuan (Ss6l4653 billion), a Chinese economist said in remarks published
      Reuters  -  237 words
    • 2324 26 VOL General Corp .0.60 0.03 81 —I CWQ Genting .24.50 unch 1766 George Kent .0.51 unch 77 ASM Realty 1.41 -0.01 16 GHL Systems .0.24 unch 2071 A*™ -032 0.01 5 Globetronics Tech .0.31 0.01 544 ACP Industries .0.96 0.04 626 GlomacBhd 1.04 -0.01 225 Advance Synergy 0.18
      2,324 words
    • 312 26 Illegal land seizures by local powers a problem for Beijing Bloomberg [SHANGHAI] China's local governments made a 210 billion yuan (Ss42 billion) profit selling land to developers last year, underlining the central leadership's challenge to rein in illegal seizures and cool
      Bloomberg  -  312 words
    • 45 26 [HONG KONG] A cable car passing by the world's tallest outdoor bronze statue of Buddha at the Po Lin monastery on Lantau Island during the soft opening ofNgong Ping 360 skyrail yesterday, three months after technicalglitches delayed the launch. "ft* AFP
      AFP  -  45 words
    • BRIEFLY ASIA
      • 91 26 Bloomberg [SINGAPORE] India's government is in talks with Wal-Mart Stores Inc, Carrefour SA and other retailers to develop a foreign investment policy for the country's retail business, Commerce and Industry Minister Kama! Nath said in Singapore on Saturday. "1 am in talks with overseas retailers such
        Bloomberg  -  91 words
      • 38 26 Bloomberg [KUALA LUMPUR] General Motors Corp (GM), the world's biggest carmaker, signed a preliminary agreement to acquire 51 per cent of Hicomobil Sdn, DRB-Hicom Bhd's Chevrolet distribution unit in Malaysia. —Bloomberg
        Bloomberg  -  38 words
      • 75 26 Bloomberg [HONG KONG] China Blue Chemical Ltd, a unit of China's biggest offshore oil producer, plans to invest 6.8 billion yuan (Ssl .36 billion) in the next three years to boost production to meet the rising demand for fertiliser and chemicals in China. China
        Bloomberg  -  75 words
      • 56 26 Bloomberg [HONG KONG] Sino Land Co, Hong Kong's fifth-largest builder by market value, said full-year profit rose 16 per cent on increased home sales and rental income. Net income in the year to June 30 rose to HKS6.O2 billion (Ssl 22.87 million) from a
        Bloomberg  -  56 words
      • 46 26 Bloomberg [MUMBAI] Reliance Industries Ltd said it raised US$3OO million selling bonds to American International Group Inc and other overseas investors and will use the proceeds to fund expansion. The bonds were bought by 10 insurance companies, the company said. —Bloomberg
        Bloomberg  -  46 words
    • 374 26 It has set new price range at HK$4.80 to HK$5.35 per share Reuters [HONG KONG] Shanghaifocused property developer Shui On Land Ltd, which scrapped plans for an initial public offering (IPO) in June, plans to raise as much as HK$6.2 billion
      Reuters  -  374 words
    • 384 26 AFP [BEIJING] A decision by China to adjust tax incentives for its exporters represents an attempt to move up the export value chain and placate critics of its burgeoning trade surplus, observers said yesterday. The change means a redistribution in the
      AFP  -  384 words
    • 330 26 Party leaders, officials named after 'audit storm' drive against corruption AFP [BEIJING] China's state auditors have uncovered 124.9 billion yuan (Ss2s billion) in misappropriated state funds during the first eight months of the year, reports said yesterday. State auditors have handed over the names of
      AFP  -  330 words

  • INDIA
    • 456 27 Bloomberg [KOLKATA] India, the world's largest producer and consumer of tea, may have a shortage of the commodity early next year because of rising domestic demand and an increase in overseas sales, industry officials said. India, which accounts for more than a
      Bloomberg; AP  -  456 words
    • 414 27 Overseas firms may have to pass govt-controlled security tests Economic Times [NEW DELHI] In a bid to safeguard the interests of Indian service providers and ensure national security, the Indian government plans to more strictly regulate foreign telecoms network vendors, especially companies that are
      Economic Times  -  414 words
    • 256 27 [NEW DELHI] The Indian government is likely to allow foreign companies to give stock options to the employees of their Indian subsidiaries by issuing India Depository Receipts (IDRs), the Economic Times reported yesterday. For example, if Microsoft USA wants
      256 words
  • Page 27 Advertisements

  • ASIA-PACIFIC/WORLD
    • 475 28 LATEST US DATA US$218b gap reflects higher oil prices, lower capital inflows AP. Reuters [WASHINGTON] America's current account deficit, the broadest measure of foreign trade, increased in the April-June quarter to the second highest level in history, reflecting a big
      AP.; Reuters  -  475 words
    • 470 28  -  By HABIB SHAIKH in Jeddah SAUDI Arabia's Saline Water Conservation Corporation (SWCC) is to meet next month to discuss three options for its privatisation programme that is expected to draw investment worth more than US$l6 billion. The option chosen will be submitted to
      470 words
    • 352 28 NYT [SAN FRANCISCO] Researchers were set to announce later yesterday that they have created a siliconbased chip that can produce laser beams. The advance will make it possible to use laser light rather than wires to send data between
      NYT  -  352 words
    • 497 28 AFP. Bloomberg. Reuters [HAT YAI] Hundreds have cancelled holidays in southern Thailand after a series of weekend blasts ripped apart a tourist area, killing four people and wounding dozens, officials said yesterday. "Malaysian and Singapore tourists, who are a majority of
      AFP.; Bloomberg.; Reuters; REUTERS  -  497 words
    • 367 28 Bloomberg [SINGAPORE] The Government of Singapore Investment Corp (GIC) may buy bonds using Asian Development Bank (ADB) standards that make the debt easier to trade. The ADB sold bonds in Hong Kong and Singapore as part of a US$lO billion programme of issuance that
      Bloomberg  -  367 words
    • WORLD WATCH
      • 88 28 AP [BANGKOK] A Thai court yesterday dismissed the lawsuit of an American businessman who had charged Prime Minister Thaksin Shinawatra with lying to authorities over a controversial business deal. William Monson has sued Mr Thaksin several times in several courts over the deal, which
        AP  -  88 words
      • 119 28 AP [SAN FRANCISCO] Warner Music Group Corp has agreed to distribute and license its copyrighted songs and other material through online video trendsetter You Tube Inc, marking another significant step in the entertainment industry's migration to the Internet. Under a revenue-sharing deal announced yesterday,
        AP  -  119 words
      • 104 28 Bloomberg [SINGAPORE] Kookmin Bank/South Korea's biggest lender by assets, said it's still in talks with Lone Star Funds to take over Korea Exchange Bank for US$7.3 billion, even after a deadline for the transaction expired. The two sides are still in discussions,
        Bloomberg  -  104 words
      • 84 28 AFP [SYDNEY] Australia's second-largest retailer andjj takeover target Coles Myer® has launched an advertising campaign touting the great results it u has achieved for shareholders ahead of its annual profit announcement on Thursday. The retailer moved to protect its independence by taking ou£ advertisements
        AFP  -  84 words
    • 444 28 Reuters [SINGAPORE] Dubai's one-year-old securities exchange is expecting billion-dollar stock listings from Middle Eastern companies by the end of the year, a top executive said, as it targets the soaring wealth being created by high oil prices. The Dubai International Finance Centre (DIFC),
      Reuters  -  444 words

  • WORLD
    • 527 29 Almost from the start illicit techniques were employed: sources NYT [NEW YORK] A secret investigation of news leaks at HewlettPackard was more elaborate than previously reported, and almost from the start involved the illicit gathering of private phone records and direct surveillance of board
      NYT  -  527 words
    • 541 29 Reuters [FRANKFURT] German industrial group MAN AG made a 9.6 billion euro (5519.2 billion) cash-and-share offer for Scania AB, which the Swedish truckmaker and a key shareholder immediately rejected yesterday. MAN said it would offer 38.35 euros in cash and 0.151 new MAN
      Reuters  -  541 words
  • Page 29 Advertisements
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      114 words

  • SHIPPING/AVIATION
    • 510 30 Indian ports lag world-class ports, says int'l container firm's executive [SINGAPORE] A lack of world-class infrastructure and high port and inland costs continue to limit India's economic progress, a senior executive of global container transportation leader, APL, told a high-lev-el shipping industry
      BLOOMBERG  -  510 words
    • 292 30 Bloomberg [LONDON] Easy Jet pic chief, executive officer Andrew Harrison said airports with near monopolies and high landing fees are holding back growth of low-fare airlines. "Airports are the biggest constraint from a growth perspective," Mr Harrison said at a low-cost airlines conference in
      Bloomberg  -  292 words
    • 258 30 Bernama, AFP [HONG KONG] Keen to boost its airport industry, China will invest 140 billion yuan (Ss2B billion) in the construction of airports during the 11th five-year plan from this year to 2010, Xinhua reported recently. "In the next five years, we are
      Bernama,; AFP  -  258 words
    • 423 30 Reuters [KUALA LUMPUR] Maritime officials from 31 nations gathered in the Malaysian capital yesterday to hammer out ways to offset the cost of ensuring the safety, security and environmental protection of Asia's busy Malacca Strait. At the three-day talks, authorities aim
      Reuters  -  423 words
    • 265 30 AFP [MANILA] A tanker which sank last month, causing the Philippines' worst-ever oil spill may have been holed by another vessel while illegally off-loading at sea, investigators said yesterday. Evidence gathered by a remotely operated underwater vehicle that surveyed
      AFP  -  265 words
    • 1951 30 CITY FUOHT ETA FUCMT fTD SQ493 0735 EK3S2 2225 EK404 1405 MS9492 2335 SSHS LH9771 1750 AF8O08 2215 '"J 3 4 g|| > SQ230 1750 BA7382 2215 iXX? SQ4K 2335 AF8087 1850 OFB2 2215 4 g I "wi IS jltil tH ii kss !£8 3 i
      1,951 words
    • 540 31 Airbus goes for super-jumbos; Boeing focuses on smaller, more flexible planes AFP [WASHINGTON] Top executives at US aerospace giant Boeing say the latest developments in the industry have vindicated their strategy against European rival Airbus. Boeing, which has been betting heavily on its
      AFP  -  540 words
    • 384 31  -  By VEN SREENIVASAN [SINGAPORE] Tiger Airways, which operates daily flights to Hat Yai, is bracing for a sharp fall in ticket bookings in the wake of the weekend terrorist bombings at the southern Thai town. It could also see its
      384 words
    • 157 31 Reuters [PASIR GUDANG, Malaysia] Malaysian shipper MISC plans to further expand its engineering unit's building yard, one of South-east Asia's largest, to meet demand for offshore oil rigs and platforms. Malaysia Marine and Heavy Engineering (MMHE), an unlisted MISC subsidiary, said last Friday it would
      Reuters  -  157 words
  • Page 30 Miscellaneous
    • 203 30 CRYPTIC CROSSWORD > 7 Dangerous place rose lovers try to avoid (5,4) gj BMy lovely Parisian girl (5) HK 10 Dissolute old rebel leader HI VV sunk in depression (8) 110I 10 I I 11 A ship is initially tempted to ]mm —mm Lh for 12 A man in the
      203 words

  • Page 31 Advertisements
    • 124 31 BT/ZUJI Deals of the Week FIRST CLASS (from S) BUSINESS CLASS (from S) HOTEL (from 1 Gulf Air I Gulf Air j f j Rain I J# I 16book,Visita4LeMU|4MWMllOM%t "7I i M Terns&oor**om*jpV £-%JJ I A mttimsry CO—»»' Y©yr «Mlm trwtl fufu 1 11||§ J|HHHm INSTITUTIONS INDUSTRIES FEATURED: J«|H| |HMI
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  • EDITORIAL & OPINION
    • 533 32 EDITORIAL THE one area that currently offers Singapore's capital market potential for development is the structured warrants sector, which has grown from nothing three years ago to one that averages $1 billion per month now. The success thus far is undoubtedly thanks to the efforts of
      533 words
    • 770 32  -  THE BOTTOM LINE LEON HADAR Washington Correspondent MUCH of the American media's attention has been focused on the Iraq war, the Iran nuclear crisis, and the midterm Congressional elections in November, so it's not surprising that US Treasury secretary's landmark speech on Sino-American ties
      770 words
    • 1272 32  -  Top EU finance official offers his views on political and economic issues affecting world today SURESH MENON Foreign Editor JOAQUIN Almunia is the European Union (EU) Commissioner for Economic and Monetary Affairs. He was the Socialist candidate for prime minister in the 2000
      AFP  -  1,272 words
    • 1474 33  -  China is trying to shake off the perception that its goods are substandard and is getting manufacturers to focus on quality By JOAN NG IN CHINESE factories, there is a phrase that workers use when inspecting goods: cha bu duo which means "almost there". It is
      Source: China Automotive Industry Yearbook; AP  -  1,474 words
    • 582 33  -  LETTER TO THE EDITOR Ho Swee Huat Singapore I REFER to "Wolfowitz on tough line against corrupt regimes" (BT, Sept 15). Mr Wolfowitz and the World Bank are absolutely right to focus on corruption. It is one of the most serious, if
      582 words

  • Page 33 Advertisements
    • 91 33 Fine Persian Carpets Exquisite master pieces from 1 every weaving centre of Iran are showcased at Mortazavy; from j Tabriz in the north with its finely knotted innovative designs to the jsppl traditional piece from Isfahan and Nain in central Iran, to the boldly colored tribal pieces of the Persian
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  • 10072 34 SGX MAINBOARD Transaction date: Sep 18 52-Wk Tel Last Vol Day Last Quote Dry GrYld Met MCap High Low Coda Company Salt +<- ('000) High Low Buy Sailer Cvr P/t Smll 4 1 5716 1st Software 2.5 unch 190 2.5 2.5 2.5 3 10.1 11.5 6 3148 8Telecom
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  • 6005 35 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In Iscai carr In SS I* USS dy ft dy %yr dy Kyr Sep IS index Change Oany Change Change Change Ch>nge The World Index Preliminary 1017.6 02 SO 02 2.6 0.1 78 I fAtt Ptdimmary ***** 01 49 02 S3 0.5 106
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  • Page 36 Advertisements
    • 1713 36 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG lAX/VCW/MZL STX PO TBN CAM/NFK/NOL/SAV loads Singapore, E./W. Malaysia. Indonesia l^ s E7W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN ADDU STAR JDH/AQA Loads Singapore, E./W. Malaysia,
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  • Page 37 Advertisements
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    • 877 37 g»®as& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VtSSII VOY SIN PJOANC COLOMBO H. SHEVA COLOMBO jmmm iPMLiaiif sm zua 27 stp 01 on INOIU GANDHI OIO7W 26 StP 27 SEP 30 SEP 03 00 07 On LAI BAHADUR OIO6E 26 SEP 30 SEP
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 5007 38 This ETA ETA Advertiser Vessel Voya«e Telephone HA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number SIN Dest'n Name Name Number lumber 04/10 16/10 IRISL IRAN SATTARI PCI 8160 *****144 To ABIDJAN (ABJ) 2003 Cote D'lvoire To DUNKIRK (DUK) 2117 France
      5,007 words

  • PROPERTY
    • 334 39  -  It'll build 7-storey facility with 17,285 sq m net lettable area near Expo MRT By ARTHUR SIM ASCENDAS Real Estate Investment Trust (A-Reit) will develop its third industrial property at Changi Business Park at the cost of $28.6 million. A-Reit was the
      334 words
    • 241 39 Asian hotels figure on top in Travel Leisure list THERE is certainly something to be said about Asian hospitality. In a list published in Travel Leisure magazine, Asian hotels accounted for almost a quarter of its Top 100 hotels, claiming eight out of the top 10 spots. This includes three
      241 words
    • 456 41  -  By ARTHUR SIM AVERAGE monthly gross rents of Grade A office space in Raffles Place have risen 34 per cent in the first nine months of the year, exceeding all previous highs for the same period since the *****. Compared with the
      456 words
    • 352 41  -  By KALPANA RASHIWALA SIM Lian Development and Orion-One Development have been awarded industrial sites at Übi and Serangoon North Ave 4 respectively. They were the top bidders at separate tenders for the plots conducted by JTC Corporation. Sim Lian's winning bid of almost
      352 words
  • Page 39 Advertisements
    • 46 39 SHE PREDICTS MARKETING TRENDS WITH AN UNCANNY 95% ACCURACY. FORTUNE MAGAZINE CALL HER THE NOSTRADAMUS OF MARKETING. NEW YORK TIMES PROCLAIM HER AS THE TREND ORACLE. Ril ?i. if wS^ WOULDN'T YOU LIKE TO HEAR WHAT SHE HAS TO SAY ADOUT THE FUTURE OF YOUR BRAND?
      46 words
    • 382 39 r M Jones Lang m XgJJJ LaSallf For Sale by Tender Plot 1: 17,905 sq ft iapprox) Option to purchase individual plot or Limited supply of GCBs in Tanglin Hill Oei Tiong Ham Park j Along Coronation Road West Land Area: 25,429 sq ft (approx) Wide frontage of 35m SSjJjf
      382 words
    • 21 39 Inviting tenders? Can 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. AT3 NOTICES f
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  • Page 40 Advertisements
    • 172 40 ■■■pi 11|11 illilpf |j 1|HHHk^^3 z* b 9 flSt* --JTB !TfiB9 j^^^Hji^^BB DHHM 28 N 9 JU J f |j5|l 5S0S jf "**j?f 3 fi§ I HB s msS* S3 :3jsB?Stfi£ mm mi jgin-' fc SI fcn r IMM KB^^BI^^E rih mm 552 3 255 3Sbk DB jMBSPW I jjj
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  • Page 41 Advertisements
    • 208 41 THE HEEREN CENTREPONT# ORCHARD ROAD PROPOSED SOMERSET CENTRAL ■HMR: •OMERSETROAO J SOMERSET MRT RMWNM SINGAPORE POWER BUILDING• MET 2 mmn rnmrnmm RESIDENCE T\- AACENTRE# 55 57 Devonshire Road, Mayer Mansion Enbloc Sale By Tender Site Area: 13, 404 sqft. Plot Ratio 2.8 Excellent Residential Site for Luxury Exclusive Development up
      208 words
    • 146 41 rC// /W /a V\4*/ Land area 24,531 sf, leasehold onecl "Commercial" GPR 11.2 /iff Alternative Residential use possible Walking distance to Tg PagarMßT Station \X\ /^4Bfe>/'iJ Prominent corner plot, 66m frontage X r— Jffl I Closing on 28 Sep 2006 (Thu), 2.30pm i jWilllllll 111 li I— Raffles Girts Pri
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    • 147 41 V Lianhe Zaobao I Sichuan I Chongqing I in wooing I world's I top 500 I companies I ®?lia:»soosilkik I BSJIimBK n 7 I fsrvt nOC:Mn CANAL no I f^rsfe 7^ Tembeling Centre Golden Wall Centre Strata Area 440 sqm Strata Area 610 sqm Tenure Freehold Zoning Commercial «|1 Usage
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  • Page 42 Advertisements
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