The Business Times, 3 October 2006

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Total Pages: 32
1 32 The Business Times
  • 32 1 THE BUSINESS TIMES ffN A N N I V BEB RH S A R Y SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Tuesday, October 3,2006
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  • 819 1  -  Flash estimates show 5.8% gain in first 9 months, against expectations of 5% for whole year By ARTHUR SIM [SINGAPORE] Three quarters of the way into 2006, private property prices have already gone up by more than the 5 per cent earlier projected
    Source: URA, HDB  -  819 words
  • 130 1 ST! 2,600.06 (+31.20) ST INDEX FUTURES 2,606.00 (+33.00) SIMSCI 311.83 (+4.09) SIMSCI FUTURES 312.60 (+4.60) MARKETS Monday Change KICOMP 969.67 +2.12 NIKKEI 225 16,254.29 +126.71 HANG SENG Owed SET INDEX 683.84 -2.26 JAKARTA COMP 1,528.91 -5.71 MANILA COMP 2,542.69 -14.02 SEOUL COMP 1,374.22 +2.81 SHENZHEN B Ck»ed MUMBAIIND
    130 words
  • 84 1 /SINGAPOREJ The biggest containership ever built sailed into Singaporean Sunday, its first Asian port of call, setting a shipping milestone for PSA's Pasir Panjang Terminals. On its maiden Europe-Far East voyage, the Emma Matersk is the longest—longer than the Eiffel Tower lying on its side and
    84 words
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  • TOP STORIES
    • 712 2  -  Its stake could have exceeded foreign ownership limits By SIOW LI SEN in Singapore, OUR CORRESPONDENT in Bangkok TEMASEK Holdings may have overstepped Thai laws on foreign ownership of companies, says Thailand's Ministry of Commerce. The ministry has sent the
      712 words
    • 511 2 Case files injunction against timeshare company THE Consumers Association of Singapore yesterday filed its first injunction against Orion's Belt Network for unfair practices. It had received 14 filed complaints about the timeshare company over the past year and took legal action after the latter failed to sign a
      511 words
    • 124 2 IN "Capita Land proposes to delist Raffles Holdings" (BT, Oct 2), we erred in saying that the exit offer price of six cents a share will be paid on Oct 17. The date is yet to be determined as the offer is subject to approval. Also, Raffles Holdings' Q3
      124 words
    • 398 2  -  Bank's headcount growing along with its business By LESLIE YEE [SINGAPORE] Competitiveness in the labour market may be a concern for other players but Deutsche Bank is confident that it can attract and retain people, says the bank's chief
      398 words
    • 487 3  -  First time consumer rights body is taking injunction against a firm By WEE LI-EN [SINGAPORE] The'timeshare industry has taken another blow with the Consumers Association of Singapore (Case) filing an injunction yesterday against a timeshare company for unfair practices. This is the first time
      JESSICA LIM/ST  -  487 words
    • 562 3  -  Clearance to import LNG sparks interest among the gencos By RONNIE LIM [SINGAPORE] The green light for LNG imports to help fuel power stations here has spurred Japanese generating companies (gencos), who are among the world's biggest liquefied natural gas buyers,
      562 words
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    • 1159 2 wbmM* m LIMITED PCI LIMITED (Company Registration Number:l9BBo44B2N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the' SEVENTEENTH ANNUAL GENERAL MEETING of the Company will be held at The Board Room. 390 Jalan Ahmad Ibrahim, Singapore *****5 on 20 October 2006 at 10.30 a.m. to transact the following
      1,159 words
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  • COMPANY NEWS
    • 576 4  -  But it's open to work with other bourses to 'boost our marketplace' By SIOW LI SEN THE Singapore Exchange (SGX) yesterday said it is not in talks with the Korea Exchange over any acquisition though it remains open to opportunities.
      JOHNHENG  -  576 words
    • 210 4 THE Singapore Exchange (SGX) yesterday announced the appointment of two executive vice-presidents. The first is Lawrence Wong, who will continue in his current role as head of listings "an increasingly important role as we build on our Asian Gateway strategy with foreign listings as a
      210 words
    • 564 4  -  HOCK LOCK SIEW By CONRAD RAJ MINORITY shareholders the real minority as opposed to the bickering shareholders with large blocks of shares must be tired of the go-ings-on at integra2ooo. With the various extraordinary meetings of shareholders out of the way, one would have
      564 words
    • 240 4 SINGAPORE Airlines yesterday confirmed that its budget associate, Tiger Airways, had engaged professional advisers to look into how best to structure potential overseas v6ntures. "Tiger Airways has engaged professional advisers to study regulatory issues and financial implications of how best to structure
      240 words
    • 284 4 DBS Group Holdings said yesterday that it is selling its 24.69 per cent stake in Thailand's Capital OK to Shin Corporation for 665 million baht (Ss2B million). Recently, DBS did not participate in a fund-rais-ing exercise by Capital OK and thereby saw
      284 words
    • 567 6  -  TELCO WATCH But share price weakness presents buying opportunity, says Macquarie By SIOW LI SEN SINGAPORE Telecom could issue a margins guidance downgrade soon for its Australian Optus unit, a factor that has been hammering down the stock price, said Macquarie Research.
      567 words
    • 244 6 SINGAPORE Telecommunications Limited yesterday said it has been appointed by Dubai Gold Commodities Exchange (DGCX) to connect its exchange trading platform to its overseas members, marking the telco's first and largest wide area network (WAN) project from the United Arab Emirates (UAE). The connection,
      244 words
    • 380 6  - M'sian ops breakeven seen for Telechoice By ROLAND LIM REGIONAL telecommunications service provider Telechoice International Ltd yesterday said that it expects 2007 to be the break-even year for its Malaysian operations, and has spent $1-2 million to grow its operations there as part of its regional expansion plans. Speaking to
      ARTHUR LEE  -  380 words
    • 558 6  -  By CHEW XIANG THE past year or so has been a challenging time for Sesdaq-listed AA Group Holdings, but the company, which makes speaker parts, expects the situation to pick up next year. For the half year ended June 30, 2006, revenue fell
      558 words
    • 273 6  -  By JEAN CHUA ASL Marine said its subsidiary ASL Shipyard has secured new contracts worth $51.4 million to build five vessels for a customer in Europe. They are for use in the Middle East for liquefied natural gas (LNG) terminal operations. The construction
      273 words
    • 385 6  -  'Double chance' certificate offers 2 times return/risk By R SIVANITHY DEUTSCHE Bank yesterday announced the launch of a "double chance" certificate (DCC) on Singapore Petroleum Co (SPC) shares a new structured product that is the first of its kind in the local
      385 words
    • 286 6 MAPLETREE Logistics Trust (MLT) has been included as a constituent stock of the Dutch GPR 250 Index and GPR 250 Reit Index from Oct 1, the real estate investment trust said yesterday. The GPR 250 Index is a free float weighted index that
      286 words
    • 810 7  -  Hiccups at subsidiaries but group has been keeping close tabs Reports by MATTHEW PHAN MANUFACTURING conglomerate Hong Leong Asia (HLA) wants to keep growing earnings per share by at least 15-20 per cent year-on-year, and earn a larger share of income
      810 words
    • 526 7 GPAC Technology, a subsidiary of Hong Leong Asia (HLA) that sells environ-ment-friendly pallets for transport of goods, is facing a 6-9 month delay in its bid to ramp up production to full capacity. Started by HLA a year ago, GPac was expected to
      526 words
    • COMPANY BRIEFS
      • 54 7 SUNGARD Asia's offer for System Access has become unconditional. As at 5pm yesterday, it has received shares representing 99.54 per cent of the issued capital of System. The offer remains open until 3pm on Oct 16. SunGard, whose offer is 36 cents per share, was last
        54 words
      • 40 7 I'M Technologies Limited yesterday said it is in talks with a third party interested in a potential purchase of its shares. It stressed there is no certainty that any deal will be entered into.
        40 words
      • 79 7 HOTEL Negara will delist from the Singapore Exchange. UOL in late June bought shares in Hotel Negara from United Overseas Bank, Overseas Union Holdings, Overseas Union Insurance and Overseas Union Facilities, giving it a 54.5 per cent interest in Hotel Negara. This triggered a
        79 words
      • 40 7 CHEMOIL Energy Ltd has lowered its indicative IPO price range to US$0.55-US$0.85 from US$0.65-US$0.85 previously, two fund managers familiar with the deal told Reuters yesterday. The IPO was for a total of 439.49 million shares.
        40 words
      • 78 7 ISG Asia said the litigation between its subsidiary ISG Asia Malaysia and Lumber Mart Sdn Bhd will be adjourned to Nov 17, as fixed by the court. Lumber Mart is claiming RM48,114.08 (S$20,852) allegedly outstanding in relation to the supply and installation of timber flooring in a
        78 words
      • 58 7 C20, a regional distributor" of communication products, said it has been appointed by Palni Asia Pacific Limited as the distributor for the new Treo 750v. C20 will distribute the new Palm Treo 750v in Singapbre, Malaysia and Indonesia. The news is expected to contribute positively
        58 words
      • 69 7 WONG Lam Ping, the chairman and founder of recently-listed Pan Hong Property Group, has accumulated another 1.54 million shares in his company. He bought the shares-in the open market at prices averaging 32.4111 cents each. The transaction raises his deemed and direct stake to
        69 words
  • Page 4 Advertisements
    • 824 4 PLATO CAPITAL LIMITED Company Registration No. *****7443 M (Incorporated In The Republic Of Singapore) Notice is hereby given that the Annual General Meeting of PLATO CAPITAL LIMITED ("the Company") will be held at Straits Room #29-00, Ocean Building, 10 Collyer Quay, Singapore *****5 on Thursday, 19 October 2006 at 2.30
      824 words
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  • SINGAPORE MARKETS
    • 506 8  -  STOCKS Penny stocks remain in the limelight, but most of them come under pressure R SIVANITHY Senior Correspondent THE Straits Times Index was yesterday propelled 31.2 points higher to 2,600.06 thanks to a sudden push on the banks and property sector, possibly a combination of
      Source: Bloomberg  -  506 words
    • 1003 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Oct 2 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell '000 Shr COOO) COOP) Asia Enterprises 29-Sep-06 Chonq Thim Phertg Buy 232 na ***** 6.11 ***** 6.19 Asia Tiger 29-Sep-06
      1,003 words
    • 536 8  -  Complied by UMA SHANKARI Singapore Monthly Wrap JPMOR6AN, Oct 2 MSCI Singapore gained 6.1 per cent in September, primarily driven by improving sentiment across the region and consistent liquidity growth in the system (M 2 supply rose 2.1 per cent month-on-month and 12.9 per cent year-on-year). We do
      536 words
    • 160 8  -  CHART POINT By YEO KEE YAN, chartist at Kelive Research THE Straits Times Index's rising trend remains intact. Despite a brief pullback to 2,514 in September, the index has resumed its rise in the past two weeks with the current trajectory suggesting a target
      Source: NexMEW  -  160 words
    • 523 8  -  CURRENCIES LARRY WEE Senior Correspondent THE Japanese yen could make no upside recovery against the US dollar or the euro yesterday, despite a stronger than expected quarterly Japanese business sentiment reading at the start of Asian trading. Traders reported that the US
      Source: Reuters  -  523 words

  • COMPANIES: CHINA STOCKS
    • 368 9  -  It expects revenue from project management advisory services By JEAN CHUA CHINA Petrotech Holdings said it expects first-time contribution in the current financial year from its contract with a Cambodia offshore oil concession. It is also expecting higher revenue from three new logging
      368 words
    • 459 9  -  IPO WATCH By CONRAD TAN PLASTOFORM Holdings, a Hong Kong-based manu~ facturer of compact speakers for computers and mobile audio devices, is aiming to raise $16.7 million from a mainboard float next week. The initial public offer of 88 million new
      459 words
    • 390 9  -  By JEAN CHUA SINO-FOREST Corporation, a commercial forestry plantation operator in China, yesterday announced the opening of its new manufacturing facility in Suzhou. The company also unveiled long-term plans to add to its supply of wood fibre. On its new plant for
      390 words
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  • SINGAPORE NEWS
    • 440 10  -  SSC hopes to draw academies, brands, event managers to make base in S'pore By MATTHEW PHAN SINGAPORE hopes to double the sports industry's contribution to GDP by 2010 from $696 million in 2004, said Alex Chan, chairman of the Singapore Sports Council, yesterday.
      440 words
    • 105 10  -  By ARTHUR LEE YESTERDAY'S haze level was Singapore's worst this year. The National Environment Agency said that at 4 pm yesterday, the PSI level was 73. in the moderate range. A shift in wind directions brought smoke haze from land and forest fires in Jambi
      ARTHUR LEE  -  105 words
    • 401 10  -  By ARTHUR SIM UP TO 114 people have stepped forward in the months since January to say they are problem gamblers, and are now receiving help. According to the National Council on Problem Gambling (NCPG), 60 of the more serious cases were seen
      401 words
    • 631 10  -  Says he is sorry his remarks caused him 'a great deal of discomfort' By JEAN CHUA MINISTER Mentor Lee Kuan Yew has apologised to Malaysian Prime Minister Abdullah Badawi for causing him great discomfort with his comments on the Chinese in Malaysia. In his
      631 words
    • 580 10  -  By CHEN HUIFEN NEW YORK-listed Applied Biosystems is "seriously" considering Singapore for its expansion plans in the region as its manufacturing capacity on the island reaches full capacity. Applied Biosystems, which has its global manufacturing headquarters here, makes life sciences instrumentation tools such as mass
      WOO FOOK LEONG/ZAO BAO  -  580 words
  • Page 10 Advertisements
    • 1584 10 :*AT3 €0, NOTICES IN THE MATTES OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTES OF |^VESTMENT. (Incorporated in the Republic of Singapore) (IN LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at the Registered Office, 10
      1,584 words

  • THE BUSINESS EDGE
    • 1059 11  -  Apart from China, opportunities abound in Vietnam, Malaysia and Indonesia. OH BOON PING takes a look at the brighter sectors OH BOON PING WE have often heard of companies expanding their operations to China, but tremendous opportunities also abound in other regional countries like Vietnam,
      AFP  -  1,059 words
  • Page 11 Advertisements
    • 66 11 Your point of view India is also touted as the next market to invest in 2007. Will it be your choice of investment? a) Yes, definitely b) Yes, but it would not be in the near future c) No, not at all Please log on to www.hsbc.com.sg/1/2/blzedge to share your
      66 words
    • 250 11 This is the second of a four-part series brought to you by HSBC Commercial Banking lb a I k 2f?fe2 mm k 4RC3 I IMB vmTv WBUm )^I IH4j#VM wWa 9H HH y V HHS jmH |HHBB r |HH SB^Sg^ HHII in Bb- 5 K CUSPID 1 HH -r^aSfc Jiiii&l
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  • SMEspotlight
    • 1077 12  -  Printing services provider SC (Sang Choy) is grooming talent to help Singapore become Asia's printing hub, reports NANDE KHIN NANDE KHIN MOST businessmen would not go into a venture when they are not confident of its success, much less when they do not know
      JOHN HENG  -  1,077 words
    • 693 12  -  By WEE LI-EN DON'T call Jumbo Seafood a Chinese restaurant. v Unlike Chinese restaurants which are serious and formal, eating seafood at Jumbo is casual and fun, says Jumbo general manager Ang Kiam Meng. "We don't want people to associate us with a Chinese
      WEE LI-EN  -  693 words
    • 907 13  -  SMALL CAPS Chairman and managing director Jayanti Patel tells UMA SHANKARI why a dual listing is good for the company UMA SHANKARI WHILE most listed companies in Singapore would view an enforced second listing as an onerous exercise, Meghmani Organics chairman and managing director
      YEN MENG JIIN  -  907 words
    • 328 13  -  By TEH HOOI LING PENNY stocks have enjoyed a superb run in the last three weeks with the UOB Sesdaq Index surging to 122.88 points from 109.08 in the second week of September, for a whopping gain of 12.7 per cent. The Straits Times Index
      328 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
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  • ECONOMY WATCH
    • 546 14  -  Tankan's highest reading since Sept 2004 boosts Nikkei, sparks rate rise talk By ANTHONY ROWLEY in Tokyo CORPORATE sentiment in Japan improved unexpectedly during September, the Bank of Japan reported yesterday in its latest quarterly tankan survey. Coming on the heels of recent data
      AP  -  546 words
    • 538 14 Gulf emerging between urban and rural residents, different regions, industries Xinhua [BEIJING] A black Mercedes-Benz sedan stopped by the gleaming Plaza 66, a fivestorey chrome-and-glass emporium of high-end brands in downtown Shanghai. Michael Yan, 46, board chairman of a local real estate company,
      Xinhua  -  538 words
    • 5193 14 UNIT TRUSTS FUNDS ABAme» Income AT USD 8.5* AB Amer Income BfUSD L. 1.62/ ABAmer Income A USD (.61/ a A 0 I t4 l AB Amer Income B USD Ml/ i°,S ABAmer Income A EUR 6* Star Ei»ope Bgid 1.1» AB Amer Income B EUR 6X1 i AS Eurap
      5,193 words
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    • 378 15 f^;-" 4 r [HP .jpWrr IbkvF TBaM«MflgXMsM^ME»al^HSryja4^!sy, Wri Mfc TffiPtfiTr^ *'jyMWig»Bfig&«£3 i. Jl i '4-/ wSr& s £FZjE§*2& I !r?A BSj» !^^^L~^MiLi_^Mih±Ai^LtoiLLj^jrfu_jMMk^i mi'" mi' ■^Maß3g«ag^w%aH^^ Is your IT system as reliable as you think? x i r This is your wake-up call. Your business is at the When you can't
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  • MALAYSIA
    • 518 17  -  Singaporeans once again expected to be the biggest spenders By PAULINE NG in Kuala Lumpur MALAYSIA is expected to rake in over RM4O billion (5517.3 billion) in tourism receipts during Visit Malaysia Year 2007 (VMY2OO7) with certain sectors set to benefit more than
      AFP  -  518 words
    • 458 17 Bernama [KUALA LUMPUR] Listed companies paid out significantly higher remuneration to their directors last year compared to 2004. Malaysian Business, in its annual "highest-paid directors" survey found that the top 20 companies in terms of total payouts generously forked out RM345.8
      Bernama  -  458 words
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  • GREATER CHINA/INDIA
    • 544 18 Govt aims to stop banks from skirting branch licensing rules: report Economic Times [MUMBAI] India's banking regulator is close to firming up a policy that may virtually close the door for foreign and local banks to operate through the non-banking finance companies' (NBFCs)
      Economic Times  -  544 words
    • 333 18 Deal gives it licence for commercial banking in China Reuters [HONG KONG] Morgan Stanley yesterday said it has acquired China's Nan Tung Bank. The deal would give the Wall Street giant a coveted onshore commercial banking licence in China ahead of US investment bank
      Reuters  -  333 words
    • 495 18  -  By SIDDHARTH SRIVASTAVA in New Delhi THE saga of India's Special Economic Zones (SEZs) is turning messy. Prime Minister Manmohan Singh has added to the simmering debate by asking 10 northern states to go slow on offering incentives such as tax holidays, flexibility
      495 words
    • 209 18 Bloomberg [TAIPEI] Taiwan's Enterprise Bank of Hualien said it plans to sell NT$9.l billion (***** million) of new shares before the end of the year to improve its capital structure. The equities will account for almost 90 per cent of the
      Bloomberg  -  209 words
    • 2315 18 vol General Corp 0.60 0.01 103 Oct 2 KM COOP) Genting 23.90 -0.20 6S7 George Kent .0.52 unch 36 A&M Realty 1.40 -0.01 8 GHL Systems 0.22 unch 2696 Abric .031 unch 10 Globetronics Tech 0.30 unch 52 ACP Industries ...0.93 -0.01 325 GlomacBhd 1.02 0.01 124 Advance
      2,315 words
    • BRIEFLY ASIA
      • 74 18 Bloomberg [COLOMBO] Dialog Telekom Ltd, Sri Lanka's biggest mobile-phone operator, said it has bought a media company to expand its services after starting the country's first third-generation telecoms network. Dialog, a unit of Telekom Malaysia, has acquired a 90 per cent stake in Asset
        Bloomberg  -  74 words
      • 53 18 Bloomberg [SHANGHAI! Foxconn Technology Group, a unit of Taiwan's biggest electronics company, plans to invest at least US$l billion building manufacturing facilities in Huaian city in China's eastern Jiangsu province, the local government said. Foxconn will construct the facilities over five years in
        Bloomberg  -  53 words
      • 111 18 AFP. Bloomberg [TAIPEI] Prosecutors are soon to question besieged Taiwanese President Chen Shui-bian and his wife over alleged misuse of the national affairs fund, it was reported yesterday. "The questioning should be done within the next few days" and investigation of the case completed
        AFP.; Bloomberg  -  111 words
      • 72 18 The Economic Times [SINGAPORE] Satyam Computer Services is planning to expand its footprint in the Asia Pacific region with the addition of 4,000 employees this year. A large part of the increase will be in China where the company is planning to
        The Economic Times  -  72 words
      • 54 18 The Economic Times [MUMBAD India's largest IT services firm Tata Consultancy Services and two others have won a £100 million (*****.2 million) outsourcing contract from UK's largest water service provider Welsh Water. The deal involves transforming the water supply company's business processes and
        The Economic Times  -  54 words
    • 511 18 Funds focused on domestic markets post better sales Reuters [SHANGHAI] Financial companies in China have attracted only a small fraction pf their quotas as they raise funds to invest abroad for Chinese clients, bankers and fund managers say. Appreciation of the yuan against
      Reuters  -  511 words

  • MIDDLE EAST
    • 556 19 Contract to build offshore facilities for oil production is world's largest Bloomberg [SINGAPORE] Hyundai Heavy Industries Co said it won the largest-ever contract to build offshore oil production facilities, worth US$l.6 billion, in the United Arab Emirates. The company's shares rose to a record.
      Bloomberg  -  556 words
    • 417 19 AFP [DUBAI] The United Arab Emirates announced on Sunday that it will hold its first elections in December but only a small minority of citizens will have the vote and half of the Federal National Council's members will remain appointed.
      AFP  -  417 words
    • 156 19 AFP [TEHERAN] Iran yesterday warned Japan that it has just two days to give a final answer on whether to go ahead with a US$2 billion contract to develop the Islamic republic's largest onshore oil field. Government spokesman Gholam Hossein Elham said that
      AFP  -  156 words
    • 154 19 AFP [KUWAIT CITY] The oil-rich state of Kuwait is to spend around US$2.l billion on a major expansion project for its international airport, the communications minister said in comments on Sunday. The project, part of the emirate's bid to become a regional
      AFP  -  154 words
    • 451 19  -  By HABIB SHAIKH in Jeddah SAUDI Arabia will need at least 100 billion Saudi riyals (5542.3 billion) in investments for the next 20 years and that's just for a water network, according to Adil A Bushnak, chairman of the infrastructure committee of
      451 words
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    • 2437 19 WingTaiAsia WINGTAI HOLDINGS LIMITED (Company negwtrafton No **********) (Incorporated in tha Haputlc d Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE It HEREBY GIVEN that tha 42nd Annual General Meeting of tha Company will ba held at tie Moor Room. Laval 4. Raffles City Convention Cantra. Swissotei Tha Stamford. 2 Stamford
      2,437 words

  • ASIA-PACIFIC/WORLD
    • 783 20  -  They hope his appointment will boost investor confidence By ByOUR BANGKOK CORRESPONDENT THAILAND'S business elite appear to have welcomed the country's new premier, even though his apparent disdain for such mundane concepts as gross domestic product (GDP) helped push stockmarket prices down yesterday. Business leaders hope
      783 words
    • 587 20  -  By ANTHONY ROWLEY in Tokyo JAPAN'S failure to commit itself fully to cooperation with China and to ease tensions between the two countries is causing its electronics firms to lose out to competition from US and European firms, according to a new study. Japan's
      587 words
    • 481 20 Reuters [LONDON] Online gaming firms faced their biggestever crisis yesterday after the US Congress passed legislation to end Internet gaming there, threatening jobs and wiping £3.5 billion (5510.4 billion) off company values. Britain's Party Gaming pic, operator of leading Internet poker site
      Reuters; REUTERS  -  481 words
    • 362 20 LATEST US DATA AP. Bloomberg [WASHINGTON] Spending on construction projects in the US unexpectedly edged up in August as the best gain in non-residential activity in 11 months offset another big decline in home building. The Commerce Department reported that construction spending rose
      AP.; Bloomberg  -  362 words
    • 463 20 Fee for catering to millionaires to top US$200b by 2010 Reuters [GENEVA] The battle for the favours of the world's ultra-rich is heating up as more banks seek a piece of what they see as the fastest growing sector in the financial industry.
      Reuters  -  463 words
    • 244 20 AP [SAN FRANCISCO] Internet search leader Google Inc has added a landmark to its rapidly expanding empire the Silicon Valley home where co-founders Larry Page and Sergey Brin rented a garage eight years ago as they set out to change the world. The
      AP  -  244 words
  • Page 20 Advertisements
    • 31 20 i iiiiiiMiiiiimimmiii j lllllllllllllliiiii""" 1 ltp™in M I i i -i 0913! iiHBSBH... i imiimimi iiiiinii i Radio 91.3 is managed by SPH Unionworks, a subsidiary of GiV Singapore Press Holdings
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  • Page 21 Advertisements
    • 303 21 H *2*^'~~~~j^^^jbßßl y 9 JS Bp By ,9K fIttMHH Xnß| E <•:*« g^ttl K iBP jH|Bflkfe fl b Br aHB^> i «B #$*•'M3r- w SBk yjf >.»» wiCTiß^^^Bß^^Bß^^^^^^^^^^Bßß W F,A t« a /"Jf JtauHH^H iC S£3 BH^^^H 818 h B I hbh i a B n vjSI3 Mb f i
      303 words

  • AVIATION
    • 676 22  -  It'll have to delay scheduled retirement of B747-400 fleet By VEN SREENIVASAN [SINGAPORE] Another delay in the A3BO programme will mean an opportunity cost in terms of revenue lost for Singapore Airlines (SIA), rather than a product cost impacting directly on
      FILE PHOTO  -  676 words
    • LOG BOOK
      • 72 22 AFP [KUALA LUMPUR] Malaysia Airlines said yesterday it has launched code-sharing flights with Gulf Air on routes from Kuala Lumpur to Bahrain and Muscat under a plan to improve connections and expand its reach. The two carriers last month inked the pact which allows
        AFP  -  72 words
      • 86 22 AFP [KUWAIT CITY] Kuwait's Aviation Lease and Finance Company (Alafco) is planning to increase its fleet to 80 aircraft by 2015, up from the current 18, the company's chairman said on Sunday. During the Dubai air show last year, Alafco ordered 12 Airbu? A
        AFP  -  86 words
      • 107 22 Bloomberg [NEW DELHI] Jet Airways (India) Ltd, the nation's biggest domestic airline, is planning to expand the number of turbo-propeller planes in its fleet to fly to smaller cities using less fuel than jet planes would. The airline is studying a plan to
        Bloomberg  -  107 words
    • 409 22 Two sides fail to agree on exchange of passenger data Bloomberg [BRUSSELS] Carriers have been left in an "impossible situation" after the European Union and the United States failed to salvage an agreement on the exchange of passenger data last Saturday. said the
      Bloomberg  -  409 words
    • 236 22  -  By YEN SREENIVASAN [SINGAPORE] Alteon Training. a wholly owned subsidiary of The Boeing Company. began operations yesterday at its Singapore Training Center, with airlines from Australia, Indonesia, Myanmar, Nepal, Papua New Guinea and Taiwan among the first to use its training services. Located near
      236 words
    • 2112 22 gn )S8S IES SSS ss ss jss a £5 S M 28 "is i S qwi 1850 iQw »4? f" 32 ZS052! L***** 0630 A***** H LH6765 1350 L***** 2345 L04M9 0635 WS IMO 3= a ?IH "qhoS filtl °555 NZ4676 1555 LH779 2305 Auckland EK433
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  • Page 22 Advertisements
    • 161 22 BT/ZUJI Deals of the Week n,n i'■i.t 'ArrSu'-ix' uSHHHHIIiI^HBUBTni H, I I BUSINESS CLASS (from S) ECONOMY CLASS (from t HOTEL (from Johannesburg $2,940 $880 $190 j Thai Airways Thai Airways Mllll II 111 11.H11.111.il ...1... Ml. 11. 11. DESTINATIONS BUSINESS CUSS (tan S) ECONOMY CLASS (iroreS) HOTEL (from S)
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  • Page 22 Miscellaneous
    • 229 22 CRYPTIC CROSSWORD 28 Sad eyes show how one tried vceTCDnAvccnumnu g\ 8 Charge for using enclosure YESTERDAY S SOLUTION three foot ahead of time (7) Across: Tropjca 9 A acrjtV( 10 DOWN 14 Calculate and scour out wrong ogre u Demonstrates, 13 Col--1 Game for a type of French counter-measure
      229 words

  • SHIPPING
    • 682 23  -  Orchid named after late wife of Maersk magnate as biggest container ship docks in S'pore By GEORGE JOSEPH [SINGAPORE] Singapore named an orchid after the late wife of shipping luminary Maersk Mc-Kinney Moller, in an enthusiastic celebration of the arrival of the Emma Maersk.
      682 words
    • 573 23  -  Aussie logistics giant moves to expand in Asia By GEORGE JOSEPH [SINGAPORE] Freight and logistics tycoon, Australian Paul Little is to invest $100 million in the re-develop-ment of the Loyang Offshore Supply Base. Launching Toll Asia yesterday. the Toll Group's managing director
      573 words
    • 532 23 Bloomberg [LONDON] Marine Terminals Corp, the family-owned operator of terminals at 13 US West Coast ports, may be put up for sale, three people with knowledge of the plan said. The Oakland, California-based company is valued at as much as US$2 billion, one of the
      Bloomberg  -  532 words
    • PORT SHOTS
      • 78 23 Bloomberg [ATHENS] Mitsui OSK Lines Ltd, Japan's second-largest shipping line, plans to introduce a container service linking Singapore and India. Mitsui will operate the route, connecting Singapore with Chennai port in south-east India, jointly with Singapore-based Sea Consortium Pts Ltd. Mitsui said yesterday in a
        Bloomberg  -  78 words
      • 117 23 Reuters [HONG KONG] China Cosco Holdings Co Ltd, a unit of the country's top shipping conglomerate, plans to issue up to 1.5 billion A-shares to raise money to buy and build vessels and acquire a logistics business from its parent. It said the Shanghai share
        Reuters  -  117 words
      • 98 23 Reuters [OSLO] Norwegian shipping group Stolt-Nielsen said yesterday it had ordered four tankers for US$34O million from South Korean SLS Shipbuilding. The order placed by the subsidiary Stolt-Nielsen Transportation Group (SNTG) is for four 44,000 deadweight tonne (dwt) parcel tankers, and SNTG will have
        Reuters  -  98 words
    • 271 23  -  By ALEC ALMAZAN in Manila THOUGH still in the con station stage/ Hanjin MWest shipyard in Subic Bay has an order book which is fast filling up with new orders. During last week's visit to the shipyard, Philippine President Gloria Macapagal Arroyo
      271 words
    • 288 23 SGX '000 Oct 2 S$ W Vol CH Offshore 0J7 -0.01 409 ChiuanHup .0.32 -0.01 2166 Cosco Corporation 1.66 unch 4379 CWT Distribution 0.60 unch 0 Ezra Hldgi 2.95 -0.03 796 Freight Ijnks 0.07 -0.01 2302 Grand Banks Yacht .006 0.01 S Java Holdings 141 0.02 2778 KlVantur*....
      288 words
  • Page 23 Advertisements
    • 51 23 Ml* PS fll |*SbS&ShSS£99E9!^ I LH-HCI*. wifk NtA. Wi-Hfi. witk TR me. Explore. ffae> world o-fi Mrf w itk Ht«.. lOfcm Zp*. I MOWAV RridAV I I fXC.Jft4sive.iv on t |i«dio9l3i i t nt i A iPiP^^^^riiii Radio 91.3 is managed by SPH UnionworkS, a subsidiary Of ttflP Singapore Press
      51 words

  • EDITORIAL & OPINION
    • 488 24 EDITORIAL IT IS now evident that the dismissal last week of Shanghai's Communist Party chief Chen Liangyu is part of a broader crackdown on wrongdoing by high-level officials and property developers across China. However, it is reasonable to ask whether this approach tackles the symptoms rather than
      488 words
    • 1133 24  -  Since 1990, more than half of all bull markets failed to return stock prices to their prior peaks By PAUL J LIM NYT NEXT week, the bull market will celebrate its fourth birthday. This means that this bull is on the verge of
      NYT; AFP  -  1,133 words
    • 764 24  -  THE BOTTOM LINE LEON HADAR Washington Correspondent US President George Bush is expected to occupy the White House for about two more years. But in Washington, pundits are already chattering about the postBush era. Just last week, I received invitations to two
      764 words
    • 1026 25  -  It's starting to look at the side effects of record-high foreign investment By TIGER TONG Beijing has promulgated new M&A rules for foreign investors effective from Sept 8, this year. To a great extent, this new rule is an indirect answer to the long-debated
      REUTERS; Source: Calculated based on data released by MOC  -  1,026 words
    • 920 25  -  ANDY MUKHERJEE If the women and temples of India were to sell every ounce of the 15,000 tonnes of gold they collectively possess, they could buy Citigroup Inc at a 17 per cent premium to the bank's market value. Of course, it won't
      920 words
    • 520 25  -  LETTERS TO THE EDITOR Tan Lye Huat CEO HIM Governance Pte Ltd I AGREE that Singapore generally has "enough rules and regulations for corporate disclosure, transparency and accountability", and that a "lack of proper enforcement also contributed to corporate governance problems here" as expressed by
      520 words
    • 175 25  -  John Gollifer Senior vice-president Head. Corporate Communications and Investor Relations S'pore Exchange Limited We refer to the article 'Ensuring a level playing field for all' by R Sivanithy (BT, Sept 25). It was reported that SGX has yet to formalise its own whistle-blowing mechanism.
      175 words


  • 9784 26 SGX MAINBOARD 52wk Til Last Vol Day LastQuote Drv GrYM Met MCac High Low Coda Company Sak fOOO) Htfi Low fciya Sator Cw HI Wi 35 1 5716 1st Software 2.5 2.5 3 10.1 115 6 3148 8Teiecom ...6.5 -05 1175 7 6.5 6.5 7 4.9 2.9 18
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  • Page 26 Advertisements
    • 36 26 f Itade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in all markets M .Accessto Asian, US, Euro stocks < Select Exchange Ttaded Funds and Indices Competitive Commission charges
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  • 5940 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la local am In SS In USS dy yr dy X yr dy %yr Index Change Change Change Change Change Chang* The WorU Index Preliminary 1033.3 0.1 6.6 0.0 43 00 93 yAFE Preliminary 1037.7 0.2 6.6 0.0 7.1 00 12 J Europe
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  • Page 28 Advertisements
    • 1620 28 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL OCEAN TRADER RDM/ATW/TLB/NAN STXPOTBN CAM/NFK/NOL/SAV Loodi Singapore, E./W. Maloysio. lncion#tio UxJ, E./W. Malays. Indon-lo middle-east service HAil service Destination 1 ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination BEL ANNA DBI/ABU/DOH/ORN/DMM/KWT GLENGO INC/BSN ADDU STAR JDH/AQA Loads Singapore, E./W. Malaysia, Indonesia
      1,620 words
    • 478 28 Wtw WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com rasa vor iuv hbcwt sm uc map sav mi orf TALISMAN AH It 377(wi 4.4 M M PORT 19/10 28/10 01/11 M/ 11 04/11 TOUICOMG AMM 400TMI 4JM 01/10 30/10 01/11 12/11 17/11 14/11 lAMBS A 1431 rmrnt 4.4 M 27/10 20/11 24/11 03/12
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  • Page 29 Advertisements
    • 876 29 WAN HAJ INTERNATIONAL PTE LTD CR NO: **********0/R \aR\WAN HAI LINES V V 11 PIQ. RL (03) 334ttttS MX: |03) *****2 M PHI HL (04) *****00 MX: (04)*****99 T JOH m *>7) 251W23 Mb (07J251N21» IB: *31) 32*5475 HUt (031) 32*2714/ *****0$ WWW.Wanlloi.Colll.Sg *11H: (021) ***** M MX: mi) *****
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    • 1083 29 [VESSEL I VOY PKL SIN I KARACHI I DXE RA» NHS PMM MK IKHOR IRAN SATTARI PCL 8160 05/10 06/10 15/10 10/10 19/10 25/10 27/10 29/10 IRAN KORDfSTAN PCL 8161 10/10 11/10 20/10 23/10 24/10 30/10 01/11 03/11 IRAN TABATAEAfI PCL >163 17/10 13/10 27/10 30/*****/10 06/11 03/11 10/11 I
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    • 114 29 T.DJAKARTA LLOYD (PERSERO) I l>*£> AUSTRALIA FULL CONTAINER SERVICE I va I vot I aw I r«6 I f« I iw I stb I wa I w I mumiA 03*s 00/io u/»> m/io|n/iom/io|i7/io| UMAXURA 031S IS/10 17/10 33/10| |M/10|31/10|03/Ti"| amimuem W TJ7TO WTO |oj/ii|os/n|o7/n1 16/11 I Alt ESPRIT 031S WlO
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    • 637 29 SJQiiFA WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOT SW PJOANG COLOMSO It St€VA COLOMOO tAJIVGANDHI OIO7W 0700 OMIT OMIT MOO HOP kou raiAM* rums 1000 11 on uoa 17 oa ?i on HOWUH BRIDGE 0044W 17OCT HOG 21 OCT 24OCT 21 OCT
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 4642 30 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SM Dosfn Name Nam* fMntotr Miwntinr SIN Dtsfn Nam* Nam# HyMby Nuinbf 14/10 29(10 Nortrans THOR TRADER 7/06 *****776/86 To ABIDJAN (ABJ) 2003 Cote D'lvoire 18/10 06/11 IRISl IRAN TABATABAEI PCL
      4,642 words

  • PROPERTY
    • 558 31  -  It's setting up IT SEZ near Chennai, seeking nod for one in Bangalore By SIDDHARTH SRIVASTAVA in New Delhi SINGAPORE industrial property developer Ascendas has announced plans to double its space under management in India to eight million square metres. Ascendas India CEO
      FILE PHOTO  -  558 words
    • 492 31 Annual increase of 23.5% was highest since June 1997 Bloomberg [LONDON] London's luxu-ry-home prices rose at a faster pace in September, driven by a decline in the number of properties on the market. Apartment and house prices climbed 2.2 per cent in the
      Bloomberg  -  492 words
    • 578 32  -  Small space sector for prime Grade A rents up 13% to $7.80 psf Reports by UMA SHANKARI OFFICE rents in Singapore have posted their highest quarterly increase in more than a decade, thanks to tightening supply and strong expansion in the
      FILE PHOTO  -  578 words
    • 460 32 THE Ascott Group will lose the management of its flagship Ascott Singapore on Scotts Road at the end of this year, but the listed service residence company is pulling out all the stops to make a recently acquired building its new flagship property.
      460 words
  • Page 31 Advertisements
    • 291 31 1 lEE Debenham Tie Leung *< COLLECTIVE SALE OF ASTORIA APARTMENTS 6 6A Cairnhill Rise Site Area 3,587.5 sq m (38,615 sq ft) 2003 Master Plan Residential, Plot Ratio 2.8 Building Height :Upto 20 storeys Tender closing on Tuesday, 10 October 2006,4pm FOR SALE BY TENDER I Commercial Development pie
      291 words
    • 96 31 >ATS notices Ml IH IB! BJH HI 5i IM '—I A) 17 Senoko South Road r" Site Area 85,369 sq ft Gross Floor Area 33,714 sq ft cr J J Tenure 30+30 years from 1998 e B) 19 Senoko South Road 8 ft If Site Area 85,286 sq ft 5
      96 words
    • 187 31 Quality Business Space For Rent @Tai Seng H Modern 5-storey light industrial building Prominent location at junction of Airport Road Suitable for MNCs SMEs Ideal for production, warehousing office Large floor plates: 7,200 sq ft to 36,200 sq ft. Easy access to PIE KPE Attractive rental available immediately 9380 8662/8100
      187 words
    • 37 31 R' Ifflflfll Nassim Road Land 45,000 sf Ideal for one mansion I Enough projects I mum next 3 years I Ito boost I I growth in I I construction I I sector I I SSISsSMas 8 I
      37 words

  • Page 32 Advertisements
    • 185 32 I «^sl ■HbsSHf-;-:..- I Hunt?* J ''*5 HHv' I 4 W Hpto|^^^^^Eß^^B|H^PPjß*<9WßM «l''» II 111l 11 1 -ry-f^lSr^^SOc, LjK Hr ImjkMHHl^.':~. r-F~I" «i& fe' %£x -ajsf l<tf w ::^^^^irT!HBHBffIBBB|HB^^BHBBBM^wK llr| i■»" jj PL.. v v -*M gfi |u H| M PH Enjoy stunning ocean views in a home of your
      185 words