The Business Times, 17 October 2006

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Total Pages: 43
1 44 The Business Times
  • 23 1 THE BUSINESS TIMES ■fth ANNIVERSARY 3D SINGAPORE 85 cents online at http://business-times.asial.com.sg > A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Tuesday, October 17,2006
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  • 781 1  -  Eighth Wonder tops in investment amount, ropes in upmarket resorts group Banyan Tree By ARTHUR SIM, UMA SHANKARI [SINGAPORE] In an unexpected twist, it looks like the widely fancied front-runner for the Sentosa integrated resort (IR) Malaysia's Genting/Star Cruises group will put in the
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  • 130 1 STI 2,669.55 (+2.87) ST INDEX FUTURES 2.671.00 (+2.00) siMsa 321.20(40.06) SIMSa FUTURES 321.70 (-0.10) MARKETS Monday Change KLCOMP 983.79 +0.25 NIKKEI 225 16,692.76 +156.22 HANG SENG 18,010.20 +21.34 SET INDEX 717.11 +5.06 JAKARTA COMP 1.561.79 -1041 MANILA COMP 2,584.20 +26.95 SEOUL COMP 1,356.72 +8.12 SHENZHEN B 326.61 +0.56
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  • Page 1 Advertisements

  • TOP STORIES
    • 657 2  -  Bidders could include those with presence in Marina Bay, hotel groups By KALPANA RASHIWALA [SINGAPORE] The tender for the former Clifford Pier and Customs Harbour Branch Building is creating much interest. There will be no dearth of bidders from those already with a
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    • 715 2  -  By MICHELLE QUAH [SINGAPORE] Information technology (IT) is evolving from being a mere tool in the policing of corporate governance and compliance to being an enabler of good practice industry players sii£h ai heavyweight Microsoft are helping to lead the way. Where IT
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    • 426 2 Genting/Star bets on 4 world-class attractions GENTING International and Star Cruises have proposed not one but four world-class attractions at Sentosa if it won the bid to build the integrated resort there. Besides the $1.6 billion Universal Studios theme park, Resorts World at Sentosa will feature the world's
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    • 637 4  -  BIDDING FOR SENTOSA IR it hopes to attract 10m tourists by 2015, generate $15b in receipts By ARTHUR SIM [SINGAPORE] Genting International and Star Cruises have laid their cards on the table, revealing an impressive hand. The $1.6 billion Universal Sjtudios theme park was
      REUTERS  -  637 words
    • 561 4  -  By UMA SHANKARI [SINGAPORE] Sentosa integrated resort (IR) partners Kerzner International and Capita Land unveiled their $5.28 billion bid for their proposed Atlantis Sentosa yesterday and what the partnership has in mind is a resort .where the real and the virtual will be
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    • BIDDING FOR SENTOSA IR
      • 82 5 Gentino Int'l Star Cruises: Resorts World at Sentosa Total investment $52 billion Tourism: projected 10 million visitors by 2015 Amount in tourism receipts: $15 billion (will increase tourism spending from 2 per cent to more than 10 per cent) Attractions: 4 world class gated-attractions induding Quest Marine Life Park with
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      • 99 5 Kerzner Infl CapitaLand: Atlantis Sentosa Total investment $528 billion Percentage of jobs going to Singaporeans: 99 per cent tourism: 10 million visitors in first year of operations, and a 30 per cent increase in five years' time. Attractions: Family entertainment rides and 'edutainment 1 employing robotics and 'next generation' interactive
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      • Article, Illustration
        30 5 Total investment $5.5 billion Number of tourists: 15 million Hotels: 6 hotels including W Hotel, Banyan Tree, Crown Hotel Security: Security consultant Rudy Giuliani Equity partners Mefco PBL
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    • 709 5  - IR stocks —there are safer ways to play HOCK LOCK SIEW By WONG WEI KONG CASINO plays have featured prominently in the Singapore stock market over the last year or so. They have not, however, always turned out the way investors expected. Singapore's decision to build two integrated resorts (IR)
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  • Page 2 Advertisements
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    • 52 2 people HR's secret weapon. www.thepeopleatwork com Asia R.icific Executive Search CTIV/T A Investment International jjlTl/Uvl Property Expo 2006 J§Hk^ 21 22 Oct 10AM 7PM Hall 402 SUNTEC SinaaDore REGISTER FOR FREE EXPO TICKET at www.smartexpos.com TEL: +65 6232 2449 3C At iikw JB cm Q_ Qcimb ,l,>> [0 LR *Ns*
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  • Page 4 Advertisements
    • 15 4 HITACHI Inspire the Next s t 4 1 Have you DECIDED? >L JP<Bl Jm Mi?
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    • 98 4 Our qualified professionals IA/i can assist you with offshore i structures, shelf companies jf|il|r7' and incorporations in ALL jSCSHK jurisdictions including: British Virgin islands Cayman Islands Bahamas I Hongkong 1 1 1 Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts
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  • Page 5 Advertisements
    • 342 5 Hear key insights about Japan's sophisticated retail environment and learn 4fl m how your business can gain a competitive edge by entering the Japanese "f-? market. In just the last three years, JETRO's global network of experts has f —helped more than 300 companies establish a business in Japan. For
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  • COMPANY NEWS
    • 519 6  -  RM3l0m purchase will double dairy product turnover of listed subsidiary By CONRAD TAN FRASER and Neave Ltd's Malaysian-listed subsidiary has closed a RM3IO million (*****.3 million) deal with Nestle that will double its dairy product turnover. Under the deal, Bursa Malaysia-listed F&N Holdings
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    • 405 6  -  But setting industry standards is critical for it to take off By ROLAND LIM 3G got off on the wrong foot but has great potential, especially if industry standards are set, Sing Tel chief executive Lee Hsien Yang said yesterday. "As an industry, we
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    • 6171 6 UNIT TRUSTS FUNDS ABAmer Income AT USD 8.59/ AB Amer Income BT USD 062/ ABAmer Income A USD 8.5# AJNAmroAsMt Mgt (S'por.) AB Amer Income B USO 15» Star Enope Eqty; 0.991 AB Amef Income A EUR 6.86/ Star Europe Bond 1.1H/ AB Amer Income B EUR 6Ml Star Europe
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    • 491 10  -  The sector has underperformed ST Index from 2004 to Sept 2006 By MATTHEW PHAN WATER-RELATED stocks have underperformed the Straits Times Index (STI) from 2004 to September 2006, and present an opportunity to profit from a lagging sector with long-term value, a technical
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    • 462 10  -  By LESLIE YEE FRASER Centrepoint Trust's (FCT) distributable income for the period July 5, its date of listing, to Sept 30, was $8.9 million, which translates into a distribution per unit (DPU) of 1.45 cents, 7.2 per cent higher than the initial public offering (IPO)
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    • 222 10 SINGAPORE Press Holdings senior executive Arthur Seet will retire on Nov 30, the media group said yesterday. Mr Seet, executive vice-president, special duties, and chairman of SPH Magazines, has held various positions in the group over the past 32 years. He
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    • COMPANY BRIEFS
      • 39 10 NATURAL Cool's subsidiary VNS Manufacturing has been awarded an exclusive distributorship by India's Larsen Toubro for the marketing of its electrical standard products in Singapore. L&T is one of India's largest engineering and construction conglomerates.
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      • 47 10 COMFORTDELGRO Corporation will invest $10.2 million for an 80 per cent stake in a driving school joint venture in Chongqing in China. The joint venture with By-hour Driver Training Centre of Chongqing (BDTC) is the group's second driving school project outside Singapore.
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      • 53 10 MANHATTAN Resources Ltd has appointed Tjio Kay Loen and George Thia Peng Heok as non-executive and independent directors of the company with effect from yesterday. Mr Thia will be the audit committee chairman with Mr Tjio as a member. Both will also be members of
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      • 79 10 NEARLY six years after the crash of SQOO6 in Taipei's Chiang Kai-Shek International Airport, Singapore Airlines (SIA) has settled the last two remaining lawsuits filed by its cabin crew. A CNA report yesterday said that the out-of-court settlement was finalised at the Supreme
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      • 27 10 SUNGARD Asia's offer for System Access closed yesterday with valid acceptances representing about 99.8 per cent of the issued share capital.
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    • 396 10 [HONG KONG] Noble Group, Asia's largest commodities trader, said yesterday it was buying two •more soy plants in China, trebling its crushing capacity in the country, the world's top soy importer. Noble, headquartered in Hong Kong, said in a statement it was
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    • 342 10  -  Firm blames heftier direct as well as net financing costs By LAURELTEO HOTEL and investment group BIL International said yesterday that its firstquarter net profit fell by 63.9 per cent to US$5.7 million. This was despite a 28 per cent rise
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    • 475 10  -  By CONRAD TAN JP MORGAN has raised its price target for United Overseas Bank (UOB) by nearly 10 per cent and said it believes the bank's Q3 results will be stronger than previously expected, buoyed by higher net interest margins and trading
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  • Page 6 Advertisements
    • 42 6 AllianzGl RCM Global Twin-Focus Fund a fund that offers you twin benefits Allianz (fii) of potential quarterly payouts and limits possible downside. Visit OCBC and other trV jjx'L j. l j K Global Investors appointed distributors for more details. company no *****7169Z
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  • Page 7 Advertisements
    • 375 7 fHHKsF- X m.. J'l iwMfW Ift# S5Re Hf wtfjSSF.wm SffritMr i iff V-.r 1M Bfifliawß^§a^^^jZ|KjW^^^g Is your IT system as reliable as you think? This is your wake-up call. Your business is at the When you can't afford downtime, O"' mercy of your IT system, but Fujitsu has developed rely
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  • SINGAPORE MARKETS
    • 513 8  -  STOCKS But caution reigns with index and market scorecards showing a near tie for gainers vs losers TEH HOOI LING Senior Correspondent THE Straits Times Index edged up 2.87 points to 2669.55, the second record closing in as many trading sessions, as momentum
      Source: Bloomberg  -  513 words
    • 993 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Oct 16 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy Shares Per Before After Stock Date Director Sefl 000 Shr S ('000) S fOOO) TMCEdu 16-0ct-06 Chew Heng Ching Sell 50 na ***** 10.64 ***** 10.59 CNAGrp 16-Oct-06 Temasek
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    • 431 8  -  Compiled by UMA SHANKARI Chartered Semiconductor Oct 16 close: 551.23 OCBC INVESTMENT RESEARCH, Oct 16 CHARTERED Semiconductor is due to report its 3Q06 results on Friday morning. We expect revenue to come in at U*****.4 million and net profit before convertible share charge to come in at US$ll.6
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    • 140 8  -  CHART POINT By YEO KEE YAN chartist at Kelive Research GAINS in banking and property stocks lifted the Straits Times Index to a high of 2,685 in recent sessions. As for market outlook, the likely focus on the corporate earnings season in
      Source: NextView  -  140 words
    • 539 8  -  CURRENCIES LARRY WEE Senior Correspondent DESPITE quite ugly US numbers such as last week's record August trade deficit of US$7O billion, the US dollar has continued to ride high on renewed fears of higher US interest rates last week. With the Fed, in the minutes
      Source: Reuters  -  539 words

  • COMPANIES: CHINA STOCKS
    • 537 9  -  They produce 27-32% gross margin, compared to cables' 20-23% Reports by JEAN CHUA HENGXIN Technology will be supplying 113.8 million yuan (5522.8 million) worth of cables and connectors to ZTE Kangxun Telecom, and expects more higher-margin orders as it starts selling accessories to its
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    • 287 9 CIMB-GK has initiated coverage on Zhonghui Holdings, with a "neutral" call and a price target of 24 cents. The stock closed at 23 cents yesterday, up half a cent. CIMB-GK said in its daily newsletter yesterday that it projected a decline of about
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    • 281 9 Sichuan court orders retrial after appeal by Suntar PHARMESIS International says that a verdict in favour of its subsidiary in a lawsuit has been annulled and that there will be a retrial of the case. In a statement yesterday, Pharmesis said that a
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    • 71 9 STAR Pharmaceutical's chairman, Wong Kai, has won the Hainan Province Entrepreneur Excellence Award, the Overseas Chinese Role Model Award and the 2006 China Pharmaceutical Industry 10 Innovative Persons Excellence Award. Ms Wong was given the awards for achievement in business excellence, contribution to Hainan's economy and
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  • Page 9 Advertisements
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    • 171 9 NH 08:45 j«B|K Singapore-Tokyo BH JHB NHIII |0:40 17:15 H Tokyo Singapore |fev" ||fc M I L J d IM 1 06:55+11 Singapore—Tokyo NH9OI 00:05+1 H Tokyo Singapore rjl jj£"> 1 |t X y $apporo_Zfls? MORE EFFICIENT j CONNECTIONS. LESS WAIT. s-. A//. f With our new morning flight to
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  • SINGAPORE NEWS
    • 482 11  -  Oil giant also 'progressing' studies into US$3b venture in Qatar By RONNIE LIM EXXONMOBIL'S detailed engineering studies on a second multi-billion dollar petrochemical cracker investment in Singapore "are progressing well", a spokeswoman said yesterday, adding that "we are still looking at 2007 to
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    • 193 11 CHARITY concert Child Aid has raised more than $150,000 even before its run in November. Child Aid is organised by The Business Times and The Straits Times to help less privileged children. RSH Ltd has donated $10,000 placing it in the bronze category and
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    • 208 11  -  By Arthur Lee HAZE in Singapore entered the unhealthy level yesterday and added to the concerns of the country's only operator of a helium-filled balloon ride, Aerophile Balloon (S) Pte Ltd. The PSI reading was 86 at 6am, rising to 114 at 2pm and creeping up
      ARTHUR LEE  -  208 words
    • 471 12  -  It aims to partner corporates via stake in BOC; S'pore is base for Regional expansion By OH BOON PING JIOYAL Bank of Scotland (RBS), which has identified Singapore as tts base for expansion in the region, has spelled out its strategy for Asia's corporate
      ARTHUR LEE  -  471 words
    • 348 12  -  By WEE LI-EN LAW graduates from approved overseas universities with at least second class lower division honours will be able to practise in Singapore if they have three years of relevant work experience, the Ministry of Law and Board of Legal
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    • SINGAPORE ROUNDUP
      • 37 12 THE First Session of Singapore's Eleventh Parliament will open on Nov 2 at 4pm. The President's Address will be delivered at 8.30pm, the Clerk of Parliament said in a statement yesterday.
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      • 55 12 REPRESENTATIVES of 18 Singapore companies, led by International Enterprise Singapore, are in Hanoi and Ho Chi Minh City in Vietnam until Oct 20 to explore opportunities in urban development. The companies and veteran architect-planner Liu Thai Ker will share with Vietnamese companies the thinking and
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      • 63 12 EGYPTIAN Minister of Transport Mohamed Loutfy Mansour yesterday briefed Senior Minister Goh Chok Tong on Egypt's economic reforms and plans to privatise many of its state-owned enterprises, particularly in the area of sea and land transportation. A statement by the SM's press secretary said that
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      • 69 12 COMPANIES can now check the state of their business development process with a marketing health check designed by the group managing director of Charles Massingham Consulting Group, Lester Massingham. Professor Massingham will be speaking at a one-day master class which will explore the marketing health
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  • Page 11 Advertisements
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    • 148 11 -j* M V *r i wr jMHW V *j v pfo, v V' s|r '*^jk > jS y .-5 *b(N|hi 3S THERE'S ONLY ONE WORD FOR OUR HOTELS. PARKROYAL To many seasoned travellers, our six hotels across the region are a synonym for the good life. A synonym that's now
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  • Page 12 Advertisements
    • 112 12 iJH i lir Mm Rv WBMii^MMia fc a.«..-,* y w. Terms Conditions: Fares shown are per person for a round-trip travel out of Singapore between 30 Oct to 31 Dec 06 Tickets must be issued within 5 days upon confirmation of booking or by 15 Nov 06 whichever is earlier
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    • 16 12 pJTitTI fl Lianhe Zaobao 1 I Chinese I I pilots ■Hinsnmd |§grMt I I" demand I
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  • THE BUSINESS EDGE
    • 1298 13  -  SMEs should consider the option of equity finance as taking out loans can lead to serious cashflow problems, writes MATTHEW PHAN MATTHEW PHAN MUVEE Technologies belies the stereotype of an R&D-driven SME with lots of intellectual capital but not much of the financial sort. At muvee,
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  • Page 13 Advertisements
    • 59 13 Your point of view Do banks provide enough information on the various methods of financing for SMEs? a) Yes, definitely b) Yes, but I would like to know more c) No, not at all Please log on to www.hsbc.com.sg/1 /2/bizedge to share your views today. The first 50 respondents will
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    • 211 13 ■mji j H I mam ■K SlQht many ne S an esta^''s^,ec electronics retailer. The Hh gHagg other is a home-grown jeweller renowned for its ||HK H businesses can appear fine craftsmanship. Yet, both are family-run iDH ■Hp \/opy diffsrent businesses and third-generation stewards of jK|r SBg longstanding enterprises. Both
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  • Page 14 Advertisements
    • 58 14 vJjHBsS: I mi mm t I V <• fll V 5* X b T fi^^V t j A V P% r* ttly^ «s The smarter way... 1 1 news.asiaone.com 4HHgg kJl' be the one in the know LATEST w BUSINESS W live ii HEALTH ii MOTORING I' JUST WOMAN I
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  • SME spotlight
    • 1055 15  -  It beats competition by being a reliable second source supplier of replacement parts. NANDE KHIN reports NANDE KHIN STAYING "niche" is how homegrown Alcotec-Precision Engineering Pte Ltd manages to keep growing year after year in an increasingly competitive in- dustry. Alcotec specialises in
      ARTHUR LEE  -  1,055 words
    • 460 15  -  By CONRAD TAN BUSINESS owners who don't want to mixtheir personal and company spending cart« consider Standard Chartered Bank's latest) credit card. The Business Platinum Card is aimed at' three main groups the self-employed, sole; proprietors and directors of small
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    • 1069 16  -  SMALL CAPS And justifiably so as it goes from strength to strength with record-breaking profits, says NANDE KHIN NANDE KHIN TO SAY that Fung Chi Wai, CEO of Jadason Enterprises Ltd, is optimistic about the future of his company will be putting things mildly.
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    • 342 16  -  By TEH HOOI LING OUR small-cap portfolio had another decent week, with 16 stocks advancing versus four that fell. Overall, the portfolio's value rose 3.8 per cent ahead of a one per cent gain by the UOB Sesdaq Index and 1.8 per cent gains by the
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  • Page 15 Advertisements
    • 298 15 agement consultancy Accenture and The Business Times, and supported by the Economic Development Board and International Enterprise Singapore. OCBC Bank is the sponsor of the awards. The Enterprise 50 Awards, now in their 12th year, recognise the top 50 privately held local companies that are outstanding in areas such as
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  • Page 16 Advertisements
    • 334 16 Sfi i' hr 1 ■v.ja. U The size of your success is measured J by the strength of your desire. Robert Kiyosaki j Author of Rich Dad, Poor Dad The greatest competitive edge of a dynamic company lies in the 1 undivided dedication of its people. Your company has certainly
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  • BUSINESS EXCELLENCE AWARDS
    • 427 17 SPRING Singapore's Business Excellence initiative helps organisations strengthen their management systems and processes for higher performance. The programme provides a health check for organisations and an opportunity for them to benchmark their performance against international standards of business excellence. The Singapore Quality Class and
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    • 179 17 SMALL and medium enterprises, or SMEs, that are keen to embark on the business excellence journey can now tap Spring Singapore's new initiative, SME Management Action for Results (Smart). Through this initiative, SMEs will get an objective review of their operations and processes against
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    • 1263 17  -  There is no finishing line as organisations have to continuously improve and innovate to stay ahead of the competition, reports CHEN HUIFEN CHEN HUIFEN BACK in the 1980s, Teamy the productivity bee was a popular mascot in a national campaign urging Singaporeans to raise productivity at
      YEN MENG JIIN; Source: Spring Singapore  -  1,263 words
    • 1093 18  -  Teckwah picks up other industries' practices to keep its business relevant, reports JAMIE LEE JAMIE LEE ONE would hardly mention a hairdressing salon and a supply chain management services provider in the same breath. But Teckwah Industrial Corp's chairman and managing director Thomas Chua did
      YEN MENG JIIN  -  1,093 words
    • 983 18  -  By MATTHEW PHAN HAVING adapted inventory management systems to classify prisoners and implemented programmes to manage prisoner information or allow Internet 'televisits', the Singapore Prison Service (SPS) was awarded a Singapore Quality Award this year. The SPS, as director of Prisons Chua Chin
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    • 637 20  -  Investing in people development has paid off handsomely for Frasers Hospitality, reports UMA SHANKARI UMA SHAMKARI FOR Frasers Hospitality, the link between people development and a better bottom line is a given. "From 2002 to 2005, Frasers' business in Singapore has seen a 17 percentage point
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    • 290 20  -  By UMA SHANKARI FRASERS Hospitality is embarking on an expansion drive across the region, driven by better business performance in its existing developments. New projects will soon be launched in Bahrain, Bangkok, Dubai, Nanjing, Shanghai and Tokyo. "As growth forecasts continue to
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    • 857 20  -  By JEAN CHUA FOR Jason Electronics, getting certified as a Singapore Quality Class (SQC) company was just the beginning. "The company's management has always been keen to improve the organisation," says Ooi Chee Kong, manager of HR/admin business excellence. "Even before 1
      JOHN HENG  -  857 words
    • 1239 24  -  PUB's main challenge is to ensure that Singapore has enough water for its population and industries and that the water is produced cost-efficiently, reports CRYSTAL NEO CRYSTAL NEO PUB faces a daily challenge: Telling Singaporeans not to take water for granted. And that task is
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    • 1149 24  -  By CRYSTAL NEO CONSTANTLY placing itself in a challenging position in order to create technology that is simple to use for its consumers that can be said to be the driving force behind Philips's success. Arjan de Jongste, senior vice-pres-ident and general manager
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    • 1003 26  -  Transware's clients get greater access to cargo information, and the system frees up staff who used to process hundreds of transactions daily, reports CHEN HUIFEN CHEN HUIFEN COST is often a concern for small and medium enterprises when assessing new systems or innovation to implement
      YEN MENG JIIN  -  1,003 words
    • 1255 26  - Justice is served efficiently but with a human touch By JAMIE LEE AT the Subordinate Courts, it's justice with a human touch. "We want to reach out to the users, to approach them and ask 'Can I help you'," says Subordinate Courts Registrar Toh Han Li. The Subordinate Courts are
      YEN MENG JIIN  -  1,255 words
    • 393 26 IN a knowledge-based dconomy, one of the key types of knowledge that an organisation can use to gain competitive advantage is the knowledge on best practices. Increasingly, more and more organisations are realising that they no longer need to reinvent the wheel. They can
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  • Page 19 Advertisements
    • 179 19 tdffir' I m iHK' r-: uMI^^KT wl f| 1 .j F1 Hp |Pj| 1 'Sii Br |r **w,. W Jm if Jfl ■HflH v J| JK*I 1 'fr^^j^^l^'' r jfl Ji v^^^HP^HHH I I I I HI .^#F'H^^ w ?%•-»<..- 9BHB| I BB 'f^^&k^i^^-C iHjE]" 1 1 5 "in 11.
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  • Page 21 Advertisements
    • 175 21 HE V mol/A wHIBi H| I I |C3Ilm%Z? Cfll «^BHK| U BBBHHH H S hbbbb HHM HHk i ,J|r ■■KL BT' v m w Br Mr ■H^ V >S- We jump at opportunities A >• *,i: ik V ***rJS4' f.& r;«T,* < J^fc{'i < f A £7;iMWteSm-- v .^r Vr
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  • Page 22/23 Advertisements
    • 207 22/23 I *"V ?4» iy» H ;*£Xr'"i^---*'*"".j#|l K V y «*-»Vi. r A VVv <|<Vw «\i w■■ a^s£^s v „--><r -X—,/c- ->,-.• K^ *<*E> I Cfc*i. >X *-V< "*-v-> i > v -'-v... "*»>Av; M> V* "V,. '*<•» 1 v Vt~» '-i fc.- a a: s<- v,r -v; ,/>• *Z" ~->-
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  • Page 25 Advertisements
    • 75 25 In Singapore Prison Service, we believe offenders need a second chance in life. To help inmates renew and restart their lives, it is essential that our officers look beyond their flaws and see the goodness in them. Through purposeful interactions with inmates, our officers aim to influence and steer them
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  • Page 27 Advertisements
    • 188 27 js* -■>, >..•»; ?WmZ.■ anig l^HPiilHl HJHg*". j| l I >■§» rp» 1 v I l I HI m' I i I D^ELLENO! award 4m "iaarvHi ■'•$s ■'-x ■*•'<> > -y*j' ■~-w.ifr*r>:■■■■■*;.#*. s-s "*"X--IB JSfc I f I Welcome home to Frasers. When a place makes you feel truly at
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  • Page 28 Advertisements
    • 1342 28 ?*%ai».. i ymvrf ML --rea^pyyyg^^iMMHWWWiii 1 m\« '^■MMW9jgpfWiijMMMMi^T;W^^MMpM^pMpwWßfl>B» r -■"~MIP MIWP 'I" up" ™FWg'. r^^PiWwP^"Wm% •^3^fB^(»- J 'Tpfr- T? '-SHF* 1 #*jr? •t'-. Vh »y»fr/ w y "W. "> v j y~ c -v a These are the organisations that achieved certification from 1 September 2005. For the full list
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  • ECONOMY WATCH
    • 984 29 On investment strategy Goldman favours equities while JPMorgan prefers cash Bloomberg [WASHINGTON] Goldman Sachs Group says the Federal Reserve's benchmark rate will fall from its current 5.25 per cent in 2007, ending the year at 4 per cent. The economic gurus at JPMorgan Chase
      Bloomberg; BLOOMBERG  -  984 words
  • Page 29 Advertisements
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    • 377 29 *1* jqj g gk W One revolutionised business models in 15 industries. Another pioneered a breakthrough by combining the best of healthcare and hospitality trades. Yet another made a science out of the art of visual merchandising. This year's Singapore Learning Festival brings you international leaders and experts who've broken
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  • MALAYSIA/INDONESIA
    • 555 30  -  He causes stir by naming Najib and former nemesis Razaleigh By S JAYASANKARAN in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad has raised eyebrows over his choice of candidates to take over embattled leader Abdullah Ahmad Badawi. "Yes, there is Najib," Dr Mahathir replied
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    • 234 30 AFP [KUALA LUMPUR] International banking giant HSBC Holdings unit HSBC Amanah Takaful will make Malaysia the centre for the group's global takaful or Islamic insurance business, a report said yesterday. "We are considering using our dedicated takaful company here to branch out
      AFP  -  234 words
    • 330 30 AFP [JAKARTA] Indonesia is poised to sign an agreement with Russia's national electricity trading company Raoues over developing a floating nuclear power plant, a provincial government official said yesterday. Authorities from Gorontalo province on Sulawesi island signed a memorandum of understanding last Friday with
      AFP  -  330 words
    • BRIEFLY ASIA
      • 91 30 AP [SHANGHAI] A prominent Shanghai businessman implicated in a corruption scandal that toppled the city's top leader has been removed from a government advisory post, the China News Service said yesterday. Zhang Rongkun, a founder of Fuxi Investment Holding Co and former director of Shanghai Electric
        AP  -  91 words
      • 62 30 Reuters [KUALA LUMPUR] Malaysia does not need lower interest rates to boost consumption, central bank chief Zeti Akhtar Aziz said yesterday. "Domestic consumption from all the indicators is expanding, increasing at a steady pace.. The environment is already very positive and
        Reuters  -  62 words
      • 45 30 AFP [DHAKA] A consortium led by Malaysia's Westmont Group has proposed a US$5 billion plan to build gas and power plants in Bangladesh, an official said yesterday, in what would be the country's biggest investment by a foreign firm.—AFP
        AFP  -  45 words
      • 47 30 Reuters [SHANGHAI] Shares in property developer Beijing North Star rose a stronger-than-expected 51 per cent in its Shanghai debut yesterday. North Star's A-shares closed up 51.25 per cent at 3.63 yuan after hitting an intraday high of 4.05 yuan. D
        Reuters  -  47 words
  • Page 30 Advertisements
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    • 16 30 Bni THE LEGENDS*^ FORT CANNING PARK of%^ 11 Canning Walk Singapore *****1 Tel: 6338 6127 www.lagandafortcanning.com
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  • GREATER CHINA/INDIA
    • 575 31  -  Vote tomorrow comes amid growing public opposition By JANE MOIR in Hong Kong A POLITICAL storm over a Hong Kong goods and services tax (GST) will come to a head tomorrow when lawmakers are expected to pass a motion against the proposed levy, dealing
      575 words
    • 498 31  -  Spending doubled to 11.8b rupees on top sites in 2005-06 By PRIYANKA BHARDWAJ in New Delhi BY any reckoning, Indians have caught the e-shopping bug, with online purchases running the gamut of goods and cyber-tills ringing up billions in rupees. In 2005-06, major online shopping
      498 words
    • 620 31 Bloomberg [HONG KONG] Hong Kong investors lifted up outside their local banks yesterday to apply for shares in the world-record US$l9 billion initial public offering by Industrial Commercial Bank of China. The Hong Kong sale opened a week after institutional investors began applying
      Bloomberg; AP  -  620 words
    • 115 31 Reuters [SHANGHAI] One of China's top fund managers has been detained for questioning in an investigation of corruption involving Shanghai's social security funds, two sources familiar with the situation said yesterday. Han Fanghe, general itaanager of Huaan Fund Management Co, was removed from his
      Reuters  -  115 words
  • Page 31 Advertisements
    • 29 31 CTI\/T A Tyr Investment Internationalism^ tJIVIAKI Property Expo 2006 REGISTER FOR FREE EXPO TICKET at www.smartexpos.com TEL: +65 6232 2449 3C mtmmr J®, x OCIMB JP-r LP Wmmm 0
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    • 49 31 to i%R J VJI| fV ~m Hfl ■■■9) |< w >I.' -<x' M samnainnmi Far East Hotels refurbished Executive Rooms HEl|j| in convenient locations. Visit www.fareasthotels.com.sg and discover more reasons to stay. FAR EAST HOTELS Albert Court Hotel Changi Village Hotel Golden Landmark Hotel Orchard Parade Hotel The Elizabeth Hotel
      49 words

  • MIDDLE EAST
    • 319 32 57 companies have picked IPO managers, 77 have announced plans Reuters [DUBAI] Gulf Arab companies plan to raise as much as US$3l billion through initial public offerings during the next three years, compared with US$6 billion in 2005, private equity firm Gulf
      Reuters; BLOOMBERG  -  319 words
    • 335 32 Reuters, Bloomberg (TOKYO] A consortium led by Japan's Marubeni Corp said yesterday it had won a US$2.3 billion contract to build a natural gas power plant in Qatar that can generate 2,000 megawatts, big enough to power 600,000 homes. Japan's top trading companies,
      Reuters,; Bloomberg; AP  -  335 words
    • 317 32  -  By HABIB SHAIKH inJeddah THE insurance market in Saudi Arabia. which is estimated at 8 billion riyals (553.38 billion), is poised for massive growth as it has been thrown open following a decision by the Council of Ministers last Tuesday to license 13
      317 words
  • Page 32 Advertisements
    • 111 32 •v' y !'"■> "W#" i J < 4|' f THE SECOND BEST PLACE 1 TO FIND OUT WHAT'S COOKING IN THE FINANCIAL MARKETS. i For the best place, there's only one source you can trust. The Business Times provides in-depth business news, analyses and insights. And with an experienced and
      111 words

  • ASIA-PACIFIC/WORLD
    • 520 33 Thomas Montag helped Goldman become Japan's most profitable overseas broker Bloomberg, Reuters [NEW YORK/TOKYO] Goldman Sachs Group named Tokyo-based Thomas Montag to succeed Gary Cohn as head of trading in the Americas, the largest unit at Wall Street's most profitable firm. Mr
      Bloomberg,; Reuters  -  520 words
    • 2300 33 VOL Gamuda ....4.02 undi 619 0ctu M* W- rOPO) General Corp .0.61 0.01 55 Genting 26.75 unch 735 A 4 M Realty .1.37 unch 2 George Kent 0.55 unch 44 °1? 001 6 GHL Systems ..0.23 -0.01 1667 ACP Industries _.09« 0.02 644 Globetronia Tech.... 0.31 0.01 565
      2,300 words
    • 366 33 Reuters [TOKYO] Toshiba Corp said yesterday it may seek compensation from Sony Corp for possible damage to its brand image and loss of potential sales due to a recall of Sony-made PC batteries, in the latest blow to the electronics conglomerate. Toshiba has
      Reuters; AP  -  366 words
    • 436 33 Reuters [FRANKFURT] The German co-head of European aerospace firm EADS has spoken out against the German government taking a stake in the crisis-hit company and downplayed the panic that has followed warnings of job losses. Germany has said that it is considering
      Reuters  -  436 words
    • 362 33 Reuters [SEOUL] Samsung Electronics Co Ltd gave a bullish fourth-quarter outlook after delivering a forecast-beat-ing 16 per cent rise in thirdquarter net profit, boosted by gains from its overseas plants and its flat screen joint venture with Japan's Sony.
      Reuters  -  362 words
  • Page 33 Advertisements
    • 29 33 CIV/r A TXT Investment International >JIT-l/\J\.X Property Expo 2006 REGISTER FOR FREE EXPO TICKET at www.smartexpos.com TEL: +65 6232 2449 3C ants%vr _jW_ Qcimb H 1 UP MMrar BBHB
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  • AVIATION
    • 451 34 It mulls over flights to Paris, Rome and Athens, among others Bloomberg [SYDNEY] Jetstar Airways, the discount carrier owned by Australia's biggest airline Qantas Airways, may target Europe to expand its international flights, chief executive officer Alan Joyce said. Jetstar, which is 50
      Bloomberg; BLOOMBERG  -  451 words
    • LOG BOOK
      • 101 34 AFP [ROME] Italy is seeking a business partner "in the Gulf, Asia, India, China or Thailand" for its troubled national airline Alitalia, Deputy Prime Minister Francesco Rutelli said on Sunday. Financial rescue for the cash-strapped carrier with losses of 167 million euros (*****.3 million) last
        AFP  -  101 words
      • 79 34 Bloomberg [LONDON] Silveijet pic, an airline planning to offer trans-Atlantic business-class-only service, said it will begin flights between London and New York in January. The airline will start the route on Jan 25, Silveijet said in a Regulatory News Service statement last Thursday.
        Bloomberg  -  79 words
      • 68 34 AFP [BANGKOK] The expansion of Yangon's international airport, originally intended for an Asean summit which was later cancelled, will be complete in early 2007, the Myanmar Times reported last week. Soe Lwin, deputy director of the Airport Design/Construction Division of the Civil Aviation Department,
        AFP  -  68 words
    • 597 34  -  Separately, Silk Air named Best Regional Airline By VEN SREENIVASAN [SINGAPORE] Singapore Airlines (SIA) has been voted the Republic's most admired company for the 14th consecutive year in a survey conducted by the Wall Street Journal. The results of the Wall Street
      597 words
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  • Page 34 Advertisements
    • 171 34 "i t t 'T"»—unrlT r|TT~~ >i -m'T\ w r mi i urn in i am n mi WH'Pmi i hhHiii BT/ZUJI Deals of the Week yfe A < mm BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Los Angeles $3,549 $1,160 $81 Thai Airways Cathay Pacific DESTINATIONS BUSINESS CLASS (from
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  • Page 34 Miscellaneous
    • 191 34 CRYPTIC CROSSWORD 26 Tempted to that's listed (7) 27 Where English abstainer goes 7 They should ensure a roaring ground (5) in t0 eat (7) 8 Figure it's always a threat to YESTERDAY'S SOLUTION °OVVN marriage (7,8) Across: 7 Chicanery, 8 Seven, 10 1 Give up and add the drier
      191 words

  • SHIPPING
    • 561 35  -  The 3 new berths are part of PSA's plan to add 15 new berths by 2011 By DONALD URQUHART [SINGAPORE] PSA Corporation began work on three new container berths at its Pasir Panjang Terminal (PPT) last week, as Singapore's largest container
      FILE PHOTO  -  561 words
    • 318 35  -  By DONALD URQUHART [SINGAPORE] Container carrier newcomer Emirates Shipping Line will launch a new service linking China, South-east Asia and India to the Middle East from next month. This will be the fifth service for the line, which has been operating since late April
      318 words
    • 129 35 Bloomberg [SINGAPORE] Neptune Orient Lines Ltd (NOL), which operates Asia's fourth-larg-est container shipping company, had a drop in its September average revenue, a seventh straight month of decline, as more ships started service. NOL's average revenue per 40-foot container fell 10 per cent to
      Bloomberg  -  129 words
    • 290 35 Source: Reuters SGX '000 Oct 16 S$ W- Vol CH Offshore .0.38 0.01 194 Chuar Hup 0.31 unch 995 Cosco Corporation 1.80 0.03 5089 CWT Distribution 0.58 unch 100 Ezra Hldgs 3.92 0.08 628 Freight Links 0.07 -0.01 1377 Grand Banks Yacht 0.87 unch 0 Java Holdings ...145
      Source: Reuters  -  290 words
    • 39 35 [NEW ORLEANS] The 'Norwegian Sun' leaving the Port of New Orleans on Sunday. It was the first cruise ship to make a regularly scheduled stop in the Crescent City since Hurricane Katrina., AP
      AP  -  39 words
    • 198 35 Reuters [LONDON] Sea Containers, the US-listed passenger and freight transport company, said yesterday it had filed for Chapter 11 bankruptcy protection and had failed to pay a US$ll5 million bond that fell due on Oct 15. Bob Mackenzie, CEO of Sea Containers, said the
      Reuters  -  198 words
    • 444 35 Investors are said to be pushing CEO Frenzel to split up conglomerate Reuters [FRANKFURT] Shares of German tourism and shipping conglomerate TUI rose as much as 3.3 per cent yesterday amid reports that investors were pushing chief executive Michael Frenzel to break up the
      Reuters  -  444 words
    • PORT SHOTS
      • 82 35 Reuters [HONG KONG/SINGAPORE] Mitsui OSK Lines Ltd said yesterday it was ordering .four yexy large gas carriers |rom Mitsubishi Heavy Industries Ltd and Kawasaki Shipbuilding Corp. Mitsui OSK, one of the world's largest shipping companies, said that three would be built at
        Reuters  -  82 words
      • 65 35 Bloomberg [ATHENS] Top Tankers Inc, an Athens-based crude-oil shipper, said it sold a seven-year-old oil tanker to a buyer it didn't identify, booking a profit of about US$3 million. The double-hull Soundless, which has a capacity of 46,185 deadweight tons, will be delivered
        Bloomberg  -  65 words
      • 92 35 Bloomberg [ATHENS] Mediterranean Shipping Company SA (MSC), the world's second-largest operator of container ships, will start a service between northern Europe and West Africa, the second new service on the route announced this month. Ships will leave from Oct 27 and link Antwerp in Belgium,
        Bloomberg  -  92 words
      • 45 35 Bloomberg [HELSINKI] Finnlines Oyj, Finland's largest shipping company, said nine-month profit rose 67 per cent. Net income climbed to 26.6 million euros (5552.8 million) from 15.9 million euros a year earlier, the company told the Helsinki Stock Exchange last week.
        Bloomberg  -  45 words

  • EDITORIAL & OPINION
    • 496 36 EDITORIAL NORTH Korea's underground nuclear test last week was a clear sign that the exclusive global club of nuclear military powers has a new member. Punishing the country's leader Kim Jong II could have some symbolic value but it will not force him to give
      496 words
    • 1244 36  -  Many studies have shown a correlation between corporate social responsibility and favourable financial performance although academics argue about cause and effect By WILLIE CHENG CORPORATE social responsibility (CSR) is gathering momentum, no longer a fringe activity of leading lights such as HSBC and
      FILE PHOTO  -  1,244 words
    • 839 36  -  THE BOTTOM LINE WILLI AM PESEK JR Bloomberg CZECHS had their "Velvet Revolution". Ukrainians called theirs "Orange". Georgians went with "Rose". Thais may be tempted to name theirs "Yellow", given how much of the colour you see in support of King Bhumibol Adulyadej.
      Bloomberg  -  839 words
    • 1830 37  -  BT's Foreign Editor SURESH MENON meets the External Relations Commissioner of the EU, Benita Ferrero-Waldner SURESH MENON THE European Union and Malaysia last week agreed to launch negotiations for a broad cooperation pact that could lead to an eventual free trade agreement, following 7such talks near
      1,830 words
    • 1020 37  -  By AUSTAN GOOLSBEE NYT PEBHAPS nothing seems to represent new China more than the gleaming, ultramodern headquarters of the Industrial and Commercial Bank of China. Its laminated glass exterior was intended to showcase the modern, transparent face of China's largest bank.
      NYT  -  1,020 words

  • Page 37 Advertisements
    • 186 37 Organiser ■M Singapore Exhibition A Endowed by: Services Pte Ltd A, fifi 3 47 Scotts Road, 11th Floor GoWbeJl Towere dITII EXs Approved Singapore *****3 n*BJt*S fcven. r!';, 6567^! 76 3 65 The Offload: trnan; events@sesaw*OTo com tm t Website: www Mho« com SuWdIXJTV smQAPOM 4 ALLWftjRLD ory «r Aiwunes
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  • 10274 38 SGX MAINBOARD Transaction date: Oct 16 52-Wk Tel Last Vol Day La«t Quote Dtv GrYM Mat MCap High Low Cada Company Ma CBOO) High Law Buy Sa»at C»r WI Sm5 3 5 1 5716 1st Software 2.5 unch 296 2.5 2 2 2.5 10.1 lit ,5 II? OTeleconi
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  • Page 38 Advertisements
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  • 5761 39 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES H tool carr tn Si In Utt df yr tfy dy *yr Oct 13 lnde» CNange Changa Chang* Owm Change Cturtgy The World Irxfc* Preliminary 10SS3 02 8.8 0.1 6jQ Q.1 11.0 tEAft Preliminary ***** 0.4 9.4 0.1 at 0.1 135 Europe Pretoitoiary
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  • Page 40 Advertisements
    • 1537 40 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DD LEADER RDM/ATW/BMN ALB/NAN OCEAN JADE CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia A Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E7S.E.A. SERVICE Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT Destination JUPITER CHARM DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER
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    • 497 40 yHN WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VESSEL VOT RAMP HOGHT SW UC MAO SAV »Al ORE TAMESIS AF63I 3201 ms 6.4 M 17/10 20/" 29/11 03/12 07/12 05/12 TAHOU AL4I9 400 To« 6.3* 14/11 10/12 2S/12 29/12 27/12 TEXAS AH3S 4201 m MM 09/12 01/01 10/01 14/01 19/01 17/01 N#w
      497 words

  • Page 41 Advertisements
    • 851 41 WAN HAI INTERNATIONAL PTE LTD NO: **********0/R \AM\WAN HAI LINES \VJLS—A Mllhlf fnnwi 334t11tt MX: (03) *****2MPWTH: (04) *****00 FMLWIB*!* X JOHIH: (07) 251W23 FAX: (07J*****1 SUIIIL1031) *****75 F/Ufc(OJI)J2T77M/J*****5 WWW.Wanhai.COffl.Sg *TlB:|021)52S418»F»X:»0?l)HS47IIHIim:71UI»/7H*l HUL7IU79 HIH: (061)*****13 NU.-(061)415M25/4t4210f WEEKLY EXPRESS SERVICE TO AND FROM CALLING SINGAPORE EVERY THURSDAY CALLING PALEMBANG EVERY SUNDAY -iftrc
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 4032 42 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SM Dest'n Name NaaM Nate Number SIN Deifn Name Nane Number Ill I wmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmemmmm 07/11 2QTI2 NGPl BOULARIBANK SP200 *****288 To ABIDJAN (ABJ) 2003 Cote D'lvoire 23/11 04/01 NGPl TIKEIBANK SP203
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  • PROPERTY
    • 391 43  -  Commercial/residential site next to S'pore River could go for $128m By UMA SHANKARI KIM Seng Plaza, a freehold commercial and residential site on Kim Seng Road and next to the Singapore River, is up for collective sale by tender, and market observers said that the
      391 words
    • 263 43  -  By JEAN CHUA SURBANA Corp has bought a 136-hectare piece of land in Xi'an City for 1.7 billion yuan (*****.2 million) and will develop it into a residential township with its partner, Hong Kong's Henderson Land.. The land is the biggest
      263 words
    • 288 44 Separately, Ho Bee's The Coast in Sentosa Cove sees sales rise to 161 TRIPARTITE Developers has sold around 10 per cent of its 472-unit Ferraria Park freehold condo in the Changi/Loyang area since it began previewing the project on Friday. The average price
      288 words
    • 361 44 A PRELIMINARY arrangement by Lippo Group to sell its Singapore flagship office building at 78 Shenton Way to a fund linked to Macquarie Bank has lapsed. But Lippo is open to selling the leasehold office property at the right price. "We have received various
      361 words
  • Page 43 Advertisements
    • 449 43 Q& fsJOTICFS 1 X 1. L L-J Toll free: 1800-289-8822 Email: notices@sph.com.sc BUY IT -SELL IT FIND IT UNITED INDUSTRIAL CORPORATION LIMITED (Co. Reg. No. *****0181E) (Incorporated in the Republic of Singapore) LOST CERTIFICATES Application has been made to the Directors of the abovenamed Company to issue duplicate certificates in
      449 words
    • 433 43 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CITYGAS CHINA PTE. LTD. (In Members' Voluntary Liquidation) CO. rag. no. *****4962H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 111 Somerset Road #07-' 02 Singapore Power Building Singapore *****4 on
      433 words
    • 1634 43 SHANGHAI TURBO ENTERPRISES LTD. (Incorporated in the Cayman Islands) (Company Registration No. CT-*****4) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Shanghai Turbo Enterprises Ltd. (the "Company") will be held at M Hotel, Function Room A, 81 Anson Road, Singapore *****8 on 1
      1,634 words
    • 1652 43 HEALTH MANAGEMENT INTERNATIONAL LTD (Incorporated in the Republic of Singapore) (Company Registration No.: *****5241E) NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of HEALTH MANAGEMENT INTERNATIONAL LTD will be held at: Venue Carlton Hotel, Connaught Room, Level 2, No. 76 Bras Basah Road, Singapore *****8 Date/Time Tuesday. 31
      1,652 words

  • Page 44 Advertisements
    • 379 44 FOR SALE BY TENDER acs (tehar m) .a Q WM Prime Residential Site acscmmm* 5 at Newton Road (D 11) I•£, "Sir Land area 21,689 sq ft St 4) Subject Freehold a A Plot ratio 2.8 Ker>9 e€ Jk t tt>pon9 *He restriction :99 AMSL B- li9K Within Ikm to
      379 words