The Business Times, 19 October 2006

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Total Pages: 35
1 36 The Business Times
  • 25 1 THE BUSINESS TIMES ■V th ANNIVIKSARV J) •0 A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Thursday, October 19,2006
    25 words
  • 257 1 uiuseiy. "I hope that apart from measuring the PSI, we should try to have a monitoring of losses," said the head of Nanyang Technological University's division of economics, Associate Professor Euston Quah. "Every year we ought to estimate the economic losses caused by the haze premium ior view, so wnen
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  • 607 1  -  Case against duo believed to be first of its kind here By WONG WEI KONG [SINGAPORE] Two former stockbrokers were charged in court yesterday with having conspired to rig the Straits Times Index (STI) in April last year so they could profit
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  • 133 1 STI 2,642.42 (+4.72) ST INDEX FUTURES 2,643.00 (+4.00) SIMSCI 318.19 (+1.00) SIMSCI FUTURES 318.60 (+2.20) MARKETS Wednesday Change KiCOMP 975.89 -134 NIKKEI 225 16,653.00 +41.41 HANG SENG 18,048.09 +3125 SET INDEX 718.74 +8.00 JAKARTA COMP 1.564.55 -2.28 MANILA COMP 2.546.53 +3.05 SEOUL COMP 1,354.26 +2.96 SHENZHEN 8 329.34
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  • Page 1 Advertisements
    • 121 1 ■E3 GRAFT TRIAL Ma Former Airocean chief found guilty W| PAGE 4 WWESKES* SENTOSA ,R Eighth Wonder joins numbers game PAGE 3 SMART Investment International Property Expo 21 22 October 2006 «10AM 7PM Hall 402, SUNTEC Singapore International Convention Exhibition Center 4 sdJlWp ATTEND EVENT OF THE YEAR"^^ jn W
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    • 2 1 8 HI
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    • 104 1 MmH EN BLOC SALE PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENTS MOST SOUGHT-AFTER PROPERTY Superb properties on sale from the world's best locations for lifestyle and investment purposes. See over 50 exhibitors from: fcHH U OVER 30 FREE-TO-ATTEND SEMINARS Investment Outlook Strategy 2007 Fiji Mr. Seng Wun Song Regional Economist, CIMB -GK
      104 words

  • TOP STORIES
    • 445 2  -  Alberta province sending trade mission next month to explore tie-ups By CHUANG PECK MING IfSINGAPORE] Direct investment flows between Singapore and Canada have increased in recent years, as ■more companies from both Jsides come to discover the •potential of each other's Jmarket. In the
      445 words
    • 542 2  -  It is now stepping up its presence in Asia, Mid-East By UMA SHANKARI in Shanghai AFTER years of concentrating on building up its hotel portfolio in the West, property group City Developments is now looking to step up its presence in Asia and the
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    • 627 2 Eighth Wonder plans Sentosa hiring spree EIGHTH Wonder intends up to 15,000 people at its proposed Sentosa integrated resort, significantly raising the stakes in what is increasingly becoming a numbers game. Genting International/Star Cruises has said it will hire 10,000 people, while for Kerzner International/CapitaLand, it's 8,000 in
      627 words
    • 517 3  -  It intends to have 15,000 full-time staff, with 5,000 solely for F&B By ARTHUR SIM [SINGAPORE] Eighth Wonder intends to employ up to 15,000 people at its proposed Sentosa integrated resort (IR), significantly raising the stakes in what is increasingly becoming a numbers
      517 words
    • 552 3 Ministry says case already handed to police AFP Bloomberg [BANGKOK] Thailand will investigate a controversial deal between Singapore's Temasek Holdings and Shin Corp despite Temasek's announced plan to cut its stake in the telecommunications giant. "Temasek might come out
      AFP; Bloomberg  -  552 words
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    • 26 2 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES 1 ~i r
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 651 4  -  He is now out on bail; conviction could disqualify him as director By MICHELLE QUAH FORMER Airocean chief Thomas Tay, 51, has been found guilty of trying to bribe a Jetstar Asia official last April a conviction which could effectively mean the end
      651 words
    • 322 4  -  By WEE LI-EN COLD Storage yesterday unveiled its new grocery shopping concept at Great World City, boasting a new self check-out system, interactive machines, and a much better range of organic products. It has invested more than $3 million in the renovation of its
      ARTHUR LEE  -  322 words
    • 6000 4 UNIT TRUSTS FUNDS AB Amer Income AT USD 161/ AB Amer Income BT USD 464/ A8 Amer Income A USO 8.61 w Amf A q?< (S'pora) noOT AB Amer Income B USD 8.6/ SyfaWpebnrt —'M®' AB Amer Income A EUR 2 6.85/ 9toEi*peBond-~-..., T —M* A* Amer Income B EUR
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    • 566 7  -  It posts 2.1% drop in Q3 net earnings to $42.9m on dip in operating revenue By SIOW LI SEN MOBILEONE yesterday warned that there will be no profit growth for full year 2006, after reporting a 2.1 per cent decline in
      566 words
    • 597 7  -  Latest A380 delay a trigger point for cancellation clause By VEN SREENIVASAN SINGAPORE Airlines (SIA) now has the right to cancel all or part of its order for 19 Airbus A3BO planes, with the latest year-long delay in delivery triggering a "walk away"
      FILE PHOTO  -  597 words
    • 298 7  -  By LESLIE YEE WITH Singaporeans increasingly using their credit cards abroad, card issuer United Overseas Bank (UOB) is hoping to attract them by offering more "regional privileges" following a strategic tie-up with China Merchants Bank and Samsung Cards. The plan which
      298 words
    • 516 8  -  They've 'attractive regulatory framework', among other things By MATTHEW PHAN STANDARD Poor's equity research division favours Singapore Reits over those listed in Hong Kong and Malaysia, as they have simpler capital structures than Hong Kong Reits and are more acquisitive than
      516 words
    • 151 8 Bloomberg K-REIT Asia, a property trust owned by Singapore developer Keppel Land Ltd, said that distributable income for the period from Apr 26 to Sept 30 was 21.3 per cent higher than its own forecast. Distributable income for the five-month period was $6.9 million, the
      Bloomberg  -  151 words
    • 266 8 Bloomberg CAPITACOMMERCIAL Trust (CCT), one of Singapore's biggest downtown office landlords, said thirdquarter distributable income to investors rose 19 per cent from a year earlier after acquisitions boosted rental payments. The property trust will distribute $19.4 million, or 1.8 Singapore cents a share in the
      Bloomberg  -  266 words
    • 678 8  -  IPO WATCH Indon carrier seeks to enhance int'l profile By DONALD URQUHART INDONESIAN chemical, oil and gas tanker specialist Berlian Laju Tanker (BLT) has launched a public offering for its mainboard listing in Singapore as it seeks to increase its international profile and broaden its
      678 words
    • 204 8 Reuters [HONG KONG] Taiwanesebacked Chinese confectionery maker Hsufuchi Food plans to tap the market's sweet tooth for mainland consumer stocks through a share sale worth US$7O-80 million in Singapore rather than Hong Kong, sources familiar with the deal said. The company, which makes
      Reuters  -  204 words
    • 354 8  -  By LAUREL TEO SEVEN weeks after a California firm failed to withdraw its takeover offer for mainboard-listed MFS Technology, it is applying legal pressure on its Singapore parent company to vote against the deal. Multi-Fineline Electronix (MFlex) announced yesterday that
      354 words
    • 301 9  -  It will provide US firm design, services and fabrication works By JEAN CHUA SUNPOWER Group has won a 27.9 million yuan (555.6 million) contract to provide engineering design, technological services and core fabrication works for a subsidiary of General Electric (GE) in China.
      301 words
    • 545 9 Reuters SINGAPORE construction firm BBR Holdings Ltd said it expects a recovery in the real estate sector to underpin its profits in the next five to seven years, particularly as it branches out into property development. Chief executive Andrew Tan said he is "bullish" on
      Reuters  -  545 words
    • COMPANY BRIEFS
      • 78 9 CHINA Food Industries (CFI) and QAF have both requested a share trading halt today, pending the release of a special audit report done by Ernst Young for CFI. CFI. which received the report yesterday evening, said: "An urgent board meeting will be convened
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      • 25 9 ENVIRO-HUB Holdings is placing up to 55 million shares at 37 cents each for net proceeds of about 19.6 million.
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      • 50 9 SAS Component A/S, a unit of Singapore Technologies Engineering, has been selected by the UK's Flightline to support its fleet. The agreement, under SAS Component's Free2Fly programme, is worth 1.9 million euros (553.75 million) and covers components management and maintenance support over three years.
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      • 43 9 NERA Telecommunications' third-quarter turnover fell 46.2 per cent to $27.1 million. Helped by a one-time exceptional gain of $28.8 million, net profit was $31.8 million, up from $5.48 million. It yesterday announced purchase orders worth $13.8 million.
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      • 25 9 SINGAPORE Petroleum Company has incorporated a new subsidiary, Singapore Petroleum (Guangdong), with a registered capital of 17 million yuan (553.4 million).
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      • 25 9 NATSTEEL Ltd failed to change its name to NSL Ltd for the fifth time at its EGM yesterday.
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      • 32 9 AUSGROUP has secured a 21-month maintenance contract extension estimated to be worth more than As4o million (5547.5 million). It will continue to maintain Minara Resources' nickel refining plant.
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      • 34 9 GUOCOLAND (Malaysia) Berhad, a 64.54 per cent owned subsidiary of GuocoLand, reported a 30 per cent first-quarter drop in net profit to RM 1.75 million (*****,000).
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      • 27 9 XPRESS Holdings has applied for a further extension of time to Nov 30, from Oct 20, to announce its FY2006 results.
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      • 48 9 CHINA Fishery Group is targeting to complete its acquisition of Alexandra SAC by Nov 2 with a final amendment agreement raising the consideration marginally to U*****.58 million. Its Q4 group results are expected to include those of Alexandra for November and December.
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  • SINGAPORE MARKETS
    • 529 6  -  STOCKS US inflation data renews rate concerns; ST Index dips 13 points in the morning before bouncing up R SIVANITHY Senior Correspondent Superstitious traders might be pondering the fact that just two days before the 19th anniversary of "Black Monday" or Oct 19, 1987, Wall Street
      Source: Bloomberg  -  529 words
    • 1026 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Oct 18 and earlier) Subsantial No of Price SHAREHOLDING SubtantUl Ma of Mc« SHAREHOLDING Tr,ns Shareholder/ Buy/ Slum Per Before After Treat Sfcarchold.r/ BShares pS Before i»er St Ote Director Sell 000 Stir S fOOO) COOP) Stodt Dm D»rector s5 180
      1,026 words
    • Article, Illustration
      938 6  -  Compiled by CONRAD TAN China Sky Chemical Fibre Oct f&dott: 51.33 KIM ENG RESEARCH, Oct 18 AS EXPECTED, Q3 2006 earnings rebounded sharply from a depressed Q2, when results were hampered by downtime taken to increase capacity from 42,(KM) tonnes to 72,000 tonnes. We estimate that utilisation of
      Source: Bloomberg  -  938 words
    • 519 6 CURRENCIES Reuters [LONDON] The yen hit a 10-day high versus the dollar and a three-week peak against the euro yesterday, boosted by a newspaper report that the Bank of Japan plans to step up its monitoring of carry trades. Business daily Nihon Keizai said
      Reuters; BLOOMBERG  -  519 words

  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 304 8 WS[ ISSA2OO6 51 st International Ship Suppliers Association SINGAPORE Convention Trade Exhibition 2006 From Quality Awareness to Customer Satisfaction Premier Conference: panel sessions with ship owners suppliers, workshop on quality awareness, marine debt K management, trends in ship suppliers' e-commerce and marketing. Quest-of-Honour: j| Mr. Cheng Wai Keuna Chairman of
      304 words

  • Page 9 Advertisements
    • 441 9 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
      441 words

  • SINGAPORE INTERNATIONAL
    • 1184 10  -  A large market for oil and gas and other industries, Canada can also act as a gateway to US for S'pore firms, reports CHUANG PECK MING CHUANG PECK MING WITH oil prices shooting up and future supplies looking uncertain, the world is increasingly turning to
      1,184 words
    • 563 10  -  By CHUANG PECK MING FRANCHISING is Prima's launchpad for spreading its wings overseas and Canada is a natural stop for the flour-based food group. "Vancouver ion CaotKU's west coast) is a cosmopolitan city and there is growing interest among mainstream Canadians in
      563 words
    • 500 10 ONLY the fittest survive in the Canadian market and Singapore-b&sed Crimson Logic can count itself among them, having been there since 2002. "Canada is a mature market with very healthy competition. So in order to survive, you must do what you
      500 words
  • Page 10 Advertisements
    • 202 10 innovation is a necessity to stay competitive in the global marketplace, and nowhere is the environment for innovation more dynamic and established than in the United States. The US continues to be the hotbed for new technologies, processes and innovation worldwide, A Learn more about leveraging US-sourced innovation and technology
      202 words
    • 16 10 ENTERPRISE THE BUSINESS TIMES SINGAPORE Singapore scanty undir ISS MMAy of Tndi snd induDy MpinQ Sin^sporv
      16 words

  • SINGAPORE NEWS
    • 284 11 AN INTER-MINISTR¥-group set up to formulate and coordinate Singapore's energy policies has launched initiatives in two areas, energy conservation and alternative energy, Minister of State for Trade and Industry S Iswaran said yesterday. News of the high-level Energy Policy Group involving such ministries as Trade
      284 words
    • 403 11  -  QB's action against rival stylists, others dismissed with cost By WEE LI-EN THE battle of the budget barbers has ended, with the High Court denying Japanese company QB Net monopoly over 10-minute haircut services. QB Net, which appears to have been the first
      403 words
    • 773 11  -  The 3 power firms have generated much interest from bidders: officials By RONNIE LIM THIS is an opportune time for Temasek Holdings to sell its three big power generating companies, energy officials at Standard Chartered Bank said. The bank,
      FILE PHOTO  -  773 words
    • 241 12 THE COK premium for commercial vehicle* collapsed yesterday but few in the motor industry were surprised "It would have happened two weeks ago In the last tender if not for the NEA's last-minute reprieve." said one dealer A certificate of entitlement in (Category C for
      241 words
    • 589 12  -  Its consumer loan portfolio doubles in size to about $5b-6b By CONRAD TAN MAYBANK Singapore's pre-tax profit grew 57 per cent to $140 million for the year to June on the back of strong loans growth, country head Polite Sim said yesterday Over the
      589 words
    • 378 12  -  by WONG WEI KONG TMF general of 1 medic«l tupplln rompany «u con vlcted >e»trrda) of bribing farm* employee of the National Kidney Foundation (NKH to iwur# business d««b from thr charity organisation P«*ng Che Chun. 62. thr general managrr of Hygetan
      378 words
    • 249 12 AN international school to be set up In Singapore next year by Dubai-based property giant Emaar Properties has received In-principle approval from the Ministry of Education (MOE), the group said yesterday. The school, named E B International School (FRIS). is aimed
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  • ECONOMY WATCH
    • 655 13  -  Report says central bank will move against the forces driving down yen By ANTHONY ROWLEY in Tokyo THE yen began what some analysts said could be a prolonged climb yesterday after Japanese media reports that the Bank of Japan is planning
      655 words
    • 451 13 Traders doubt if it can agree on allocation of cuts NYT [NEW YORK] When oil prices started falling during the summer, the Organization of Petroleum Exporting Countries (Opec), which had seemed so solid in recent years, began to show cracks. So, in
      NYT  -  451 words
    • 637 13 Poll results pave way for rate hikes in near term Reuters [LONDON] The world's richest nations will see only slightly slower economic growth next year, leaving many central banks on course for higher interest rates at least in the near term, a
      Reuters; BLOOMBERG  -  637 words
  • Page 13 Advertisements
    • 53 13 r This announcement appears as a matter of record only. rjC\ HOUSING > DEVELOPMENT I "J J BOARD i ;k■: V "">'<■ i *****,000,000 3.622% Notes due 2016 issued under HDB's 557,000,000,000 Medium Term Note Programme Lead Manager Deutsche Bank AG, Singapore Branch i Deutsche Bank EZI I BOTM it.h
      53 words

  • MALAYSIA/INDONESIA
    • 650 14  -  Tiong Hiew Kiing's media empire stretches as far as Toronto, PNG By S JAYASANKARAN in Kuala Lumpur LOW-PROFILE tycoon Tiong Hiew Kiing's purchase of a controlling interest in Malaysia's Nanyang Press Holdings will give the 70-year-old businessman a near-monopoly of the country's Chinese
      650 words
    • 215 14 Xinhua [JAKARTA] Indonesia's biggest instant noodle maker Indofood plans to enter the biodiesel industry and, as part of the venture, to acquire 60 per cent stakes worth around US$l3.6 million in three oil-palm plantation firms. "It's our long-term objective to become one of the
      Xinhua  -  215 words
    • 222 14 Reuters [JAKARTA] Indonesia plans to offer US$4.5 billion of infrastructure projects to investors at a conference in November, a government official said yesterday, after the country had failed to make much progress on a more ambitious target in 2005. Jakarta hopes to drum
      Reuters; BLOOMBERG FILE PHOTO  -  222 words
    • 418 14 Purchase to expand IJM's construction, property units Bloomberg [KUALA LUMPUR] IJM Corp, Malaysia's secondlargest builder by sales, plans to buy the assets of Road Builder (M) Holdings RhH fnr RMI Fift hillinn (***** million) to expand its construction and
      Bloomberg  -  418 words
    • 2299 14 vol Gamuda .4.02 0.08 803 Oct 18 881 W- P—> General Corp 0.64 -0.01 163 Genting 2525 -1.00 870 AAMRealty 137 unch 0 George Kent .0.57 0.02 78 Abrit 031 -0.01 8 GHC Systems .021 unth 2876 ACPIntfcstnes 1.12 -0.06 3496 GlobetronicsTech .0.30 unth 394 Advance Synergy 0.18
      2,299 words
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  • INDIA
    • 452 15 Higher earnings expected through retail banking and lending to SMEs Bloomberg [NEW DELHI] HSBC Holdings Pic, Europe's biggest bank by market value, expects its Indian unit to post annual profit growth of as much as 50 per cent as it increases lending to
      Bloomberg; BLOOMBERG  -  452 words
    • 352 15 The IT firm's strong numbers are buoyed by an increase in outsourcing demand Reuters [BANGALORE] Wipro Ltd, India's third-largest software services exporter, beat forecasts with a 48 per cent jump in quarterly profits yesterday, as demand for outsourcing rose. The Bangalore-based firm
      Reuters  -  352 words
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  • GREATER CHINA
    • 577 16  -  China banks hog IPOs this year, but dominant sector not clear for 2007 By JANE MOIR in Hong Kong A STRING of offerings in the pipeline for the third quarter has put Hong Kong on track for a record year of
      577 words
    • 271 16 AP The general manager of Shanghai International Circuit, the city's -showcase Formula One auto racing track, is aiding authorities in a major corruption probe, Shanghai *Securities News reported yesterday. The newspaper, citing people familiar with the case, said that Yu Zhifei «was
      AP; REUTERS FILE PHOTO  -  271 words
    • 415 16 MBK to buy 60% of the Taiwan cable TV company for NT$30.9b Bloomberg AP [TAIPEI/BEIJING] MBK Partners Ltd, a private equity fund formed by former Carlyle Group executives, will buy 60 per cent of China Network Systems Co, Taiwan's second-largest cable
      Bloomberg; AP  -  415 words
    • 431 16 Stanley Ho now has a '2-front battle' with Wynn, Galaxy Bloomberg [HONG KONG] Casino magnate Stanley Ho faces another challenge to his dominance in Macau's US$7 billion gaming industry with today's opening of Galaxy Entertainment Group Ltd's Star World casino. Galaxy, controlled by Hong
      Bloomberg  -  431 words
    • BRIEFLY ASIA
      • 67 16 Reuters [SHANGHAI] China Everbright Bank is expected to receive a 20 billion yuan (Ss4 billion) capital injection from the government, ahead of its stock market listing next year, the China Securities Journal said yesterday. Central Huijin, the investment arm of the central bank,
        Reuters  -  67 words
      • 71 16 AFP [SHANGHAI] Alibaba Group, the operator of Yahoo China, plans to expand the number of Internet firms under its control to help grow its core businesses Alibaba.com and Taobao.com, the Shanghai Daily reported. Acquisitions of a number of Internet companies will be initiated soon,
        AFP  -  71 words
      • 74 16 Bloomberg [HONG KONG] Hong Kong hedge fund assets almost quadrupled by the end of March from two years earlier, according to a Securities and Futures Commission survey. Assets under management by the city's licensed funds rose 268 per cent to U5533.5 billion from US$9.l
        Bloomberg  -  74 words
      • 39 16 Bloomberg [KUAfeALUMPUR] Public Bank said third-quarter profit jumped 24 per cent. Net income swelled to RM432.4 million (*****.5 million) in the three months ended Sept 30 from RM347.9 million a year earlier. —Bloomberg
        Bloomberg  -  39 words
  • Page 16 Advertisements
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  • MIDDLE-EAST
    • 458 17 Reuters [DUBAI] Soaring crude oil prices have fuelled demand for diamond jewellery here, making up for the slow trade in the gold market, jewellers and officials said on Tuesday. Visitors from oil-rich states such as Saudi Arabia and Russia flock to
      Reuters  -  458 words
    • 417 17  -  NewDawn will run US$2b fund investing in global bourses' large-cap equities By CLARENCE MICHAEL in Dubai DUBAI International Capital LLC (DIC), the wholly owned international investment subsidiary of Dubai Holding, has launched New Dawn GSE Asset Management Ltd a new fund
      417 words
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  • ASIA-PACIFIC/WORLD
    • 582 18/19 LATEST US DATA Dow hits record 12,000 on bullish inflation data, surprise rise in housing starts Reuters Bloomberg, AP [WASHINGTON] A big drop in energy prices helped pull overall US consumer prices down steeply in September and construction on new homes
      Reuters; Bloomberg,; AP  -  582 words
    • 828 18/19  -  ASIA INSIGHT Asia should invest them to maximum advantage ANTHONY ROWLEY Tokyo Correspondent THE guessing game about which currencies reserverich countries in Asia and beyond are going to invest in as they diversify out of dollars continues, and this week it has been Russia
      828 words
    • 211 18/19 latory approval. Bloomberg. AP. Reuters [SYDNEY] James Packer Australia's richest man will raise A 54.5 billion (555.3 billion) to expand in casinos by selling half of Publishing Broadcasting Ltd's media assets. A new company jointly owned by Publishing Broadcasting and buyout firm CVC
      latory approval. — Bloomberg. AP. Reuters  -  211 words
  • WORLD
    • 536 18/19 The biggest energy bourse is up against rapidly growing rivals, say analysts Reuters Bloomberg (NEW YORKI A multibillion dollar deal merging the two largest US futures exchanges has left the New York Mercantile Exchange commodities and energy bourse looking increasingly vulnerable to its rivals, analysts
      Reuters; Bloomberg; AFP  -  536 words
    • 363 18/19 Reuters [NEW YORK] Wall Street workers took home nearly US$3OO,OOO on average last year as profits from trading and merger advising fuelled record earnings. New York State Comptroller Alan Hevesi said. Wall Street compensation averaged U*****,664 per person, 5.1 times the average U5556,634
      Reuters  -  363 words
    • 448 18/19 Bloomberg NYT Reuters INEW YORK) Intel Corp and IBM diminished concern that technology companies will fail to live up to earnings forecasts when they announced their thirdquarter results on Tuesday. Intel, the largest semiconductor maker, and International Business Machines Corp. the biggest computer-services
      Bloomberg; NYT; Reuters  -  448 words
  • Page 18/19 Advertisements
    • 57 18/19 results from superior from the growth of buy the buy the second n he SQX Transparency tracks the HSCEI's performance, HSCEI +246% since Transparency Asiaex Japan +108% Jan 2003* ■Performance liquidity allows entry and Performance instant liquidity allows market entry and exit to capture many growth opportunities many growth opportunities
      57 words

  • Page 20 Advertisements
    • 463 20 PT BERLIAN LAJU TANKER Tbk •.'>v■ y j/' ?> .>'-' l/' '->«v;.'i--;,' V y i-\ V- **>'$. .Jim 11 iirii WF PT Berlian Laju Tanker Tbk ("BLT") is an international liquid cargo shipping company with operations spanning Asia, the Middle East and Europe. We are the largest provider of seaborne
      463 words

  • AVIATION
    • 510 21 Airbus to lay off 1 ,000 temp staff in Germany Company embarks on major revamp in the wake of A380 delays AP [HAMBURG] Airbus said on Tuesday it will cut 1,000 temporary staff and reduce working hours at its German operations, the first timid steps in a major restructuring process
      AP; AFP FILE PHOTO  -  510 words
    • 440 21  -  By VEN SREENIVASAN [SINGAPORE] Regional Express (Rex), the largest independent regional airline in Australia, is signing an agreement with Saab Leasing today for long-term lease of 25 latest-genera-tion Saab 3408 Plus planes. The deal marks the first major fleet upgrading and modernisation
      440 words
    • 142 21 Bloomberg [MANILA] Cebu Air Inc. the second-largest carrier in the Philippines, may add 10 more new narrow-bodied aircraft to its fleet starting the end of 2007 to expand its routes. The plan, which has yet to be approved by the company's directors,
      Bloomberg  -  142 words
    • 542 21 Only onset of heavy rain may be able to resolve problem Reuters [MUSI BANYUASIN, Indonesia] Thick smoke from forest fires in Indonesia has shut airports and slashed visibility to below 100 metres and there is no respite in sight, officials said yesterday. The fires
      Reuters  -  542 words
    • 152 21 AFP [JAKARTA] Indonesia is upgrading instrument landing systems at airports hit by haze from landclearing fires on the Islands of Borneo and Sumatra in a bid to improve safety, an official said yesterday. Improvements to instrument landing systems (ILS) were being made at airports in the
      AFP  -  152 words
    • 1262 21 a™ MWTT n* hjwt no sous 1535 soi* imo rnitr inr rnirr inn SQ147 2235 ***** 1900 HBP n 06K BiH IfI MM *■«-> m|M| .jppn I flDt|ii|ini Ull M Fukuok* 540 NHW70 o' B0 1540 WTM S ill® 3§n 8lts HaKoi TJS43 1505 TW42 0635
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  • Page 21 Miscellaneous
    • 222 21 CRYPTIC CROSSWORD of writing (8) 9 Sailor leads the way in another 11 Excited natives embracing me, English person in Asian country Bs 14 Moggy and girl beside railway 17 Your writer's distressed, being somewhere India (6) pounds squandered! (6) Mjß| H H| B ■HMjHHB 8M by some devotees at
      222 words

  • Page 22 Advertisements
    • 111 22 Centre for Asia Pacific Aviation^k presents... 3rd Annual Asia Pacific Middle East wy^lX-, Aviation Outlook Summit 7^ Singapore, 9-10 November 2006 s CEOs to I Adam Air Adam I Air Asia Tony Fernandes, CEO* Air China Li Jiaxiang, Chairman I Lan I Malaysia Airlines Idris Jala, Managing Director* I Philippine
      111 words

  • SHIPPING
    • 568 23  -  E-seals pilot project is jointly developed by 12 countries led by S'pore By DONALD URQUHART [SINGAPORE] Although not mandatory and still hotly debated within the industry, electronic container seals have a new ISO standard which could save the global shipping
      568 words
    • 470 23 Executive sees fundamental shortcoming in Act Reuters [WASHINGTON] An executive with Dubai Ports World, the Arab-owned firm whose purchase of American port facilities caused an uproar this year, said on Tuesday that a new US port security law was fundamentally inadequate. "There's a
      Reuters; AFP  -  470 words
    • 293 23 SGX '000 Oct 18 S$ Vol CH Offshore 0.38 001 282 ChuanHup 0.31 0.01 1375 Cosco Corporation 1.87 0.04 6527 CWT Distribution 0.56 -0.01 288 Ezra Hldgs 3.90 0.02 1591 Freight Links 0.07 unch 1058 Grand Banks Yacht 0.87 unch 0 Jaya Holdings 144 0.01 1027 K1 Venture
      293 words
    • 176 23 Bloomberg [DUBAI] DP World, the United Arab Emirates cdfripany that bought London-based Peninsular Oriental Steam Navigation Co in February, plans to remove the P&O name from the 169-year-old British company's ports. Former P&O Ports terminals will now be re-branded using a formula such
      Bloomberg  -  176 words
    • PORT SHOTS
      • 71 23 Bloomberg [ATHENS] The Greek air force rescued the Turkish crew of a stranded Cambodian-flagged vessel after the ship developed engine failure and ran adrift in heavy seas. The five crew members abandoned the Motor Vessel Pasha and were lifted to safety by helicopter yesterday,
        Bloomberg  -  71 words
      • 85 23 Bloomberg [LONDON] The wage-cost of operating the biggest oil tankers rose 20 per cent last year because of a shortage of seafarers, accountants Moore Stephens LLC said. The average cost of paying a crew on a single very large crude carrier, or VLCC, for one year
        Bloomberg  -  85 words
      • 68 23 Bloomberg [DUBAI] Qatar Shipping Co, a marine freight transportation company, said nine-month profit fell 12 per cent, less than what it forecast two weeks ago. Net income dropped to 328.8 million riyals (Ssl 42.4 million), or 3.29 riyals a share, from 372.1 million riyals, or
        Bloomberg  -  68 words
      • 70 23 Bloomberg [BAHRAIN] National Shipping Co of Saudi Arabia, which operates a fleet of crude oil and chemicals carriers, said third-quarter profit declined 7 per cent on higher fuel and maintenance costs. Net income in the period fell to 109 million riyals (5545.8 million) from
        Bloomberg  -  70 words
      • 77 23 Bloomberg [TOKYO] Mitsubishi Heavy Industries Ltd and Kawasaki Heavy Industries Ltd, Japan's two largest heavy machinery makers, won orders to build four ships to transport liquefied natural gas from a joint venture between Mitsui Co and Nippon Yusen KK. Mitsubishi Heavy and
        Bloomberg  -  77 words
    • 359 23 Bloomberg [LONDON] The cost of shipping two million barrels of crude oil from the Persian Gulf to Asia rose, ending a 17-day decline, as owners of double-hull tankers held out in expectation of an increase in November bookings. While
      Bloomberg  -  359 words
  • Page 23 Advertisements
    • 711 23 BUY/SELL SECOND HAND ROLEX WATCHES HIGH-END WATCHES Savings Guaranteed Authenticity Guaranteed Brand New Condition Guaranteed Trade In/Goods Return Acceptable 2 Years Warranty I Zaobao interview: I I on Parkßoyal's I I rebranaing I v. MLT flflrl mi l S B \r J I I tmiiM I I Maw I NOTICES
      711 words

  • EDITORIAL & OPINION
    • 499 24 EDITORIAL MALAYSIA slipped four notches last year to rank sixth out of the 10 South-east Asian countries in attracting foreign direct investment (FDI). The United Nations Conference on Trade and Development World Investment Report 2006 shows that Malaysia's FDI inflows shrunk by 14.2
      499 words
    • 1328 24  -  N Korean crisis offers Bush an opportunity to make diplomatic deals with China and Russia LEON HADAR Washington Correspondent THE conventional wisdom in Washington is that the North Korean nuclear test is just the latest demonstration of the Bush Doctrine being
      AFP  -  1,328 words
    • 775 24  -  THE BOTTOM LINE WILLIAM PESEK JR RARELY has a Nobel Peace Prize been more deserved than in the case of Muhammad Yunus of Bangladesh. The founder of Grameen Bank beat Irish rock star Bono and a bevy of others for the honour,
      775 words
    • 989 25  -  There is a need to stimulate region's underdeveloped corporate bond markets By THOMAS SCHILLER AS the 10th anniversary of the Asian crisis approaches, it is a timely moment to consider whether such a shock could recur. The question seems moot in the current
      989 words
    • 718 25  -  By KARINA ROBINSON IHT FOREIGN banks bring many benefits to emerging markets, but the evidence of how they affect different sectors of the economy in a variety of countries is not clear. So it is not surprising that some bank regulators cannot quite figure
      IHT  -  718 words
    • 182 25  -  LETTER TO THE EDITOR Lee Ping Shih Singapore I REFER to the report, "Robinson's chairman ousted in shock shareholder vote" (BT, Oct 18). It is indeed unfortunate that Michael Wong Pakshong, a Singapore corporate "old guard", had to be ousted at Robinson's annual general meeting on
      182 words

  • Page 25 Advertisements
    • 1738 25 :*ATci NOTICES Toll free: 1800 289-8822 Email com sq l W NEWSPAPER NOTICE I Notice is hereby given pursuant to Sections 76(1 OXh) end 76(12) of the Companies Act, Chapter I 50 of Singapore (the" Companies Act"), that at an Extraordinary General Meeting of Drug Houses I of Australia (Asia)
      1,738 words

  • 10448 26 SGX MAINBOARD Transaction date: Oct 18 52-Wk Tel Last Vol Day Last Quote Mv GrYM Net MCap High low Code Company Ml +7- fOOO) WJN jg» >g Safcr Cw Ht M 3.5 1 5716 1st Software 2.5 2 3 Iftl 11.5 6 3148 8TeWom 7 6.5 7 4.9
    10,448 words
  • Page 26 Advertisements
    • 73 26 Welcome to Our online CFD trading service gives you fast and reliable access to the world of financial market trading. Make Our City and trade with the professionals CFDs carrv a higher degree of risk compared to traditional equity trading. It is possible to quickly lose more than your initial
      73 words

  • 5756 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la lot*) can in SS In ll» dy yr dy yf dy *yr Oct 17 Chang* Oxnpt Omm Changa Plana* Chanaa Worttindei(»«flmin«v 1050.8 -0.9 8.4 -1.1 5J -0J 10.8 »EAjFf Pistiminig 1058 7 -09 8 -0.9 82 -0.6 13 9 Europe Preliminary *****
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  • Page 28 Advertisements
    • 1377 28 UK CONTINENT SERVICE U.S.* SERVICE Destination Destination DD LEADER RDM/ATW/BMN/TLB/NAN OCEAN JADE CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Al Loads c./W. Malaysia, Indonesia MIPPLE EA f T SERVICE F.E./S.E.A. SERVICE Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT Destination JUPITER CHARM DBI/ABU/DOH/BRN/DMM/KWT $TX PO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia,
      1,377 words
    • 531 28 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com Vissa VOY RAMP HB6HT SWI LK MAO SAY lAI Off TAMISIS AF63I 3201 mm i.4M 24/10 20/11 21/11 03/12 07/12 05/12 TAMOU AL4I9 4001 mm 6.3 M 14/11 14/12 25/12 29/12 27/12 TEXAS AH3S 4201 MM 4.4 M 04/12 01/01 10/01 14/01 19/01 17/01
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  • Page 29 Advertisements
    • 1544 29 WAN HAI INTERNATIONAL PTI LTD CR NO: **********0/ I TH:*****588 (MUNIS) FAX:*****163 I\\N 1 WAN HAI I INFS Sorvke/Bookings Dirxt Line (1800) *****200 V llnl hi II b J PU. 1H; (03) *****55S FAX: (03) *****2 M FBI HL (04) *****00 NU: 104)*****94 Y JOH IE: <0/)251«923 HUb (07)*****21 SUB
      1,544 words
    • 1185 29 IVISStL IVOY I WO- I I KARACHI 1 PX» BAB NHS PMM BIK KHOR~I IRAN TABATABAEI PCL 8164 19/10 20/10 30/10 02/11 03/11 09/11 11/11 13/11 IRAN SHAHRYAR PCL 1166 02/11 03/11 12/11 IS/11 16/11 22/11 24/11 26/11 IRAN SATTARI PCL 8166 06/11 09/11 U/ll 21/11 122/11 tt/11 30/11 02/12
      1,185 words
    • 697 29 m StdilSA WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VtSStL VOY Ml HUANG (OUMBO N. SHEVA COtOHUO KOTAPtKTAMA YPMO4S 1000 II OCT MOO 17OCT 210CT HOWWHIDGt 065tW 17 00 18 OCT 21 OCT 24 00 26 00 KOTAPHWIU TfWM3 2400 2500 2100 3100 04N0V
      697 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5229 30 This iw AiWertiser Vessel Voy age Telephone ETA HA Advertiser Vessel Voyage Telephone SM Dest n Name Name Number Number SIN Desfn Name Name Numfcr Number 02/11 22/11 China Shpg MERIAN 035A *****898 o ABIDJAN (ABJ) 2003 Cote D'lvoire 06/11 29/11 China Shpg ARABIAN
      5,229 words

  • BizIT
    • 816 31  -  Focus on SMBs as they outspend big firms in the region, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY With new research showing that combined IT spending by the small and medium-sized business (SMB) sector in the Asia-Pacific region overtaking that of large corporations
      816 words
    • 427 31  -  By WINSTON CHAI WACOM Technology has made Singapore its home base for the region as it seeks to get more users to swap their computer mice for a digital pen. The Saitama, Japanbased firm specialises in making pen-based tablet devices and electronic brushes for writing
      427 words
    • 261 31 Reuters (NEW YORK] One in three people write down computer passwords, undermining their security, and companies should look to more advanced methods, including biometrics, to ensure their systems are safe, a new study shows. A study released on Tuesday by global
      Reuters  -  261 words
    • 349 31  -  55% have or will adopt broadband in the next 3 years By ROLAND LIM INTERNET service provider Pacific Internet yesterday unveiled the results of a survey it had commissioned showing that small and me-dium-sized enterprises (SMEs) here are keen on adopting new technologies such
      349 words
    • 236 31 Bloomberg [SANTA CLARA] Sun Microsystems Inc, the world's third largest maker of server computers, plans to preassemble the equipment used to build data centres and deliver it in a single shipping container to cut customers' costs. Project Blackbox, to be released
      Bloomberg  -  236 words
    • 358 31 AFP [SAN FRANCISCO] A co-founder of the Wikipedia online encyclopedia written in collaborative fashion by the Internet community announced on Tuesday he is launching a rival service edited by experts. A test version of "Citizendium" to be launched this week in Harmon, California
      AFP  -  358 words
    • 321 31 Bloomberg [SEATTLE] Microsoft Corp, the world's largest software maker, is accelerating a pilot effort to run customers' desktop computers and e-mail systems and assigned a vicepresident and 500 workers on the project to a business group. Ron Markezich, who was cochief information officer,
      Bloomberg  -  321 words

  • PROPERTY
    • 767 32  -  Counters worth noting include Alico Reit and Macquarie MEAG Prime Reit By ROGER TAN THE Singapore real estate investment trust (Reit) market has become more developed since our last review in November 2005. Not only are there more Reit counters, there are now also
      767 words
    • 1366 33  -  S'pore is likely to set itself up as the Pan-Asian Reit hub By MARK EBBINGHAUS IN our view, probably the two most significant emerging trends in the direction of the Singapore real estate investment trust (S-reit) market are that of privatisations and
      1,366 words
    • 551 35  -  Walk-ups at Zion Road and Suffolk Apartments also up for collective sale By ARTHUR SIM EMERALD Mansion, a freehold development located in District 9, has been bought for $73 million through a collective en bloc sale. With a site area of
      551 words
    • 1601 35 PROJECT NAME/ PROP CONTRACT TENURE BUM AREA PRICE PSF STREET NAME TYPE DATE (SQFT) (S$ 000) (St) District 1 NON-LANDED Emerald Gdn Apt 05/10/2006 999 947 928 980 The Sail At Marina Bay Apt 04/10/2006 99 936 1450 1548 The
      1,601 words
  • Page 32 Advertisements
    • 241 32 GOOD GAINS financial results in our newspapers. Caii 1800 289 8822 or email notices#spft.coro.sg. WW m T<2 1 ELEGANT BAL,NESE HOUSE Land area 22,000 sq.ft. (approx.) Floor area -12,000 sq.ft. (approx.) j Tenure Freehold [I i 1 PRICE ON APPLICATION i I MODERN BUNGALOW CORNWALL GARDENS Hfa^JWßr 2-Storey Good Class
      241 words
    • 151 32 NOTICES IN THE MATTER OF BONDONAN PTE. LTD. Company Registration Number: *****6372 D (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. SO, that a Final General Meeting of the members of the above mentioned Company will be held at the office of
      151 words
    • 219 32 I SIMON VILLE 3Sp l> (100% consensus obtained) Sf SITE > Near Kovan MRT Station ""coSS-a®*" "W Residential site off Upp Serangoon Rd 255? 4fF rood «S5|L- '1 Land area: 31.932 sq ft a wßf° g Q Leasehold 999 years M'i# "SS" P' ot rlt L 4, up to 5
      219 words
    • 21 32 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words

  • Page 33 Advertisements
    • 102 33 SHE PREDICTS MARKETING TRENDS OSSst™ Sinqapore 2006 WITH AN DNCANNY 95% ACCURACY. FORTUNE MAGAZINE CALL HER THE NOSTRADAMUS OF MARKETING. NEW YORK TIMES PROCLAIM HER AS THE TREND ORACLE. forum on Brands two invaluable days with the world's most powerful and influential P converse ""l»raP P°P corn Martin Lindstrom and
      102 words
    • 166 33 For Lease 21*1 1 ijkJU wj i l£§B "t* )Mr fH UE Print Media Hub, at Paya Lebar Road BRAND NEW, TOP Ist1 st Quarter 2007 5-storey building with basement carpark Units from 1,300 sqft 17,000 sqft Food Court in Building Next to Circle Line MRT Statiori Attractive Rentals Sole
      166 words

  • Page 34 Advertisements
    • 228 34 bbBHPBHHBBB w The Waterfront Collection .< '^v. -<r 1 ,v >-.'r K. MHRtok. .\'i I aSB8BB||aij||||ga|BBjM8B^^B^Sj|^MHwM mm Sritfl S is* SB BiKfl Kn .iA|o|ijpBjm *B 7 rfl hv Create a luxury development amidst stunning waterways, fairways and beyond Bpp^ s a^tt-t-t?^'- r: The Waterfront Collection represents the final opportunity for
      228 words

  • Page 35 Advertisements
    • 284 35 FOR SALE BY TENDER Add****!) .a g tf| Prime Residential Site 5 at Newton Road (D 11) 0 b Land area: 21,689 sq ft t> V, Subject Freehold £L She Rd J Plot ratio 2.8 <f> Keng W* 4«| K mp« n 9 l ,v Height restriction :99 AMSL Within
      284 words

  • Page 36 Advertisements
    • 304 36 wmssmwM s p n I kk K ■Rid WKr\ ■l^^pP^PH aa >^jmb PIK VALjLfMtifl^^^H r UiMTMBB^BBy ij i| |r IPVV'IHp' ■■■< H |HH ■HM^ -/mK. L *3 F**f Freehold Foreigners eligible n. n v 'jN Redefine the meaning. of city living. Situated in prestigious District 11, Buckley 18 offers exclusive
      304 words