The Business Times, 20 October 2006

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Total Pages: 35
1 36 The Business Times
  • 24 1 THE BUSINESS TIMES i^pth ANNIVERSARY JD SINGAPORE 85 cents online at http://business-timesasial .cx)m.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA <P) 099/03/2006 Friday, October 20,2006
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  • 739 1  -  But trend is to be expected as banks' portfolios mature, say industry watchers By SIOW LI SEN {SINGAPORE] The number of HDB flats put on bank mortgagee sales has been gradually rising to doubledigit figures a month, from a trickle previously. Industry
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  • 689 1  -  COMMENTARY Affair demonstrates clout of minority Shareholders and the need for companies to engage them HOCK LOCK SIEW By WONG WEI KONG WHAT happened at the recent annual general meeting (AGM) of Robinson Co, while significant for the retail group itself, should
    689 words
  • Page 1 Advertisements
    • 63 1 sg.W [nterv?ew Tide turns for Qian Hu EXEC LIFESTYLE CHINA Economic boom cooling PAGE 2 <•* n < The Asian Film Market is holding its own at this year's glitzy Pusan International Film Festival PAGE 36 t 8 Markets Dlaest Is hold over No BT tomorrow There will be no
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  • TOP STORIES
    • 803 2 10.4% pace a sharp drop from Q2's 11.3%; Beijing to continue curbs AP Reuters Bloomberg [BEIJING] China's roaring economic growth slowed in the third quarter as curbs imposed to avert overheating took effect but the government said the controls must stay in place.
      AP; Reuters; Bloomberg  -  803 words
    • 480 2  -  S'pore, HK need 1,000 relationship managers a year By GENEVIEVE CUA [SINGAPORE] THE largest chunk of private wealth in Asia ex-Japan sits in the greater China region, particularly in Taiwan, new research shows. Last year the combined assets under management in the markets
      480 words
    • 598 2 Observers deplore handling of Robinson chief's ouster OBSERVERS are shaking their heads in disbelief over the shock ousting this week of Michael Wong Pakshong from the board of Robinson Co not that they object to the chairman's removal so much as the way in which it was carried
      598 words
    • 746 2  -  By OUR CORRESPONDENT in Bangkok THAILAND'S Ministry of Commerce yesterday denied that it was considering granting an amnesty to all companies, including Temasek Holdings, accused of violating the country's foreign shareholding limits. The ministry was responding to reports in local media which
      746 words
    • 929 4  -  Some think better communication would have made all the difference By MICHELLE QUAH [SINGAPORE] Observers are shaking their heads in disbelief over the shock ousting this week of Michael Wong Pakshong from the board of Robinson Co not that they object to the
      929 words
    • 396 4  -  By LESLIE YEE [SINGAPORE] BNP Paribas Private Bank 1 (BNPPB) believes that just as alternative I investments help clients diversify their 1 portfolios, so can investing in wine. Currently, several dozens of its clients in Asia have started to invest in wine,
      396 words
    • 473 4  -  By ANNA TEO [SINGAPORE] In a market where average percentage returns on investments are expected to fall to the low20s, private equity houses need increasingly to bring more than cash to the table, a new survey shows. Private equity
      Source: AVCJ database, Sept 2006  -  473 words
  • Page 2 Advertisements
    • 182 2 English Theatre From tnterainment City liiumbal m dMflj 1 ANA* TMJMN 4M BHAFIA SUC HTTRA RLUU GAURAV MAMMA SWT* SMUL fl Comedy Ulith H Spirit! "Mahesh DattanTs Mad About Money has all the ingredients to regale you. It is candid, witty and well-directed Hindustan Timet, New Delhi August 12.2006 COSWXWJn
      182 words
    • 9 2 people No mountain high enough. www.thepeopieatwork.com Asia-Paciftc Executive Search
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  • Page 3 Advertisements
    • 213 3 < ©> cortma watch m: A SHOWCASE OF j JEWELLERY TIMEPIECES PARAGON ATRIUM 290 ORCHARD ROAD 2006 MiP I Welcome to 11 days of glitter and glamour in the heart of Orchard R-oad p J*' Fine watch connoisseurs can expect to find sonic- ot the rarest and most V A
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  • Page 4 Advertisements
    • 547 4 IUti.I.IJIT&T Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2006 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the third quarter ended 30 September 2006. 2006
      547 words

  • COMPANY NEWS
    • 488 5  -  List ranks Asia Pacific's top 200 listed companies with sales of less than US$lb By LAUREL TEO SINGAPORE is punching above its weight when it comes to churning out the region's top small and medium enterprises, according to the latest Forbes Asia
      488 words
    • 318 5  -  By ROLAND LIM BARELY three weeks away from holding an extraordinary general meeting (EGM) that could see Pacific Internet's (PacNet's) current board of directors dissolved, Mediating yesterday announced that the PacNet board has accepted its chairman, Walter Sousa, as a member of the board.
      318 words
    • 155 5 Bloomberg CAPITAMALL Trust, Singapore's biggest property trust, said third-quarter dividend payout to investors rose 12 per cent, boosted by higher rents and contributions from new assets it acquired. The trust said in a statement yesterday it will distribute $41.2 million, or 2.85 cents
      Bloomberg  -  155 words
    • 485 6  -  Analysts revising upwards their fair value target to as much as $18.57 By CONRAD RAJ INVESTORS and analysts appear elated with Keppel Corporation and have driven its shares to record levels in recent days, especially following the announcement that it had clinched
      485 words
    • 306 6  -  Help from divestment of educational publishing business By MATTHEW PHAN SNP CORP, which has printing operations in greater China and South-east Asia, recorded a nine-month net profit attributable to shareholders of $17.04 million, up 125 per cent from the previous corresponding
      306 words
    • 267 6  -  By DONALD URQUHART PACIFIC Shipping Trust announced yesterday its first income distribution to unit holders of US$4.B5 million, 2 per cent higher than projected in PST's prospectus. Singapore's first listed business trust, which made its trading debut on May 26, said it
      267 words
    • 477 6  -  TELCO WATCH By SIOW LI SEN MOBILEONE (Ml) shares plunged 5.7 per cent in price to $1.98 yesterday after the company posted its second quarterly earnings fall with a warning that there will be no profit growth for full year
      FILE PHOTO  -  477 words
    • 259 6 SINGAPORE Telecommunications yesterday said it has sold its entire stake in a phone network back to its Indonesian partner. In a statement, Sing Tel said it will sell its 40 per cent stake in PT Bukaka Sing Tel International (BSI)
      259 words
    • 215 6 KEPPEL Telecommunications Transportation (KepT&T) yesterday said net profit for the third quarter ended Sept 30, 2006, rose 5.3 per cent to $14 million due mainly to its increased stake in associate Mobile One (Ml). Q3 earnings per share were unchanged at
      215 words
    • 282 6  -  By ROLAND LIM PORTABLE flash memory drive inventor Trek 2000 International has launched a new Thumb Drive storage solution targeted at enterprises which require a higher level of security. Called the Chez ThumbDrive, it works with bundled Chez software to allow enterprises to require
      282 words
    • 332 8 Group looking at developments in Delhi, Mumbai and Bangalore Economic Times [BANGALORE] Singaporebased consumer-to-real estate group Fraser Neave (F&N) is planning its foray into the booming Indian real estate. It is learnt that Fraser Centrepoint, the property arm of F&N, is exploring the possibility
      Economic Times  -  332 words
    • 266 8  -  By CONRAD TAN OCBC Bank yesterday launched two new cards developed by Singapore Management University (SMU) students, under a pilot scheme with the university which gives its students the chance to manage business projects with the bank. The undergraduates who
      YEN MENG JIIN  -  266 words
    • COMPANY BRIEFS
      • 37 8 FORMER Airocean chief executive officer Thomas Tay, who on Wednesday was found guilty of trying to bribe a Jetstar Asia official, has resiged as director from the Airocean board with immediate effect.
        37 words
      • 38 8 GENTING International is seeking the delisting of its UK unit Stanley Leisure from the London Stock Exchange. It expects the delisting to become effective on or shortly after Nov 16.
        38 words
      • 99 8 ELLIPSIZ Ltd's subsidiary iNETest Resources Pte Ltd has entered into an agreement with Japanese company Sojitz Corporation to set up a joint venture in India, to be known as iNETest Technologies India Pte Ltd. The paid-up capital will be US$4OO,OOO. iNETestwill hold 60
        99 words
      • 68 8 PARKWAY Holdings has completed the sale of its 30.4 per cent stake in Pantai Holdings to Pantai Irama at RM2.65 a share. In return, it now owns 49 per cent of Pantai Irama, with Khazanah owning 51 per cent. Through Pantai Irama, which owns
        68 words
    • 5583 8 UNIT TRUSTS FUNDS ■TTTmrnmnHHHHlHHi AB A™ income AT USD uu ABAmer Income BT USD 16V AB Amer Income A USD 161/ c ™c£!?!" ,B,<Sp# n<xn/ AB Amef Income B USD 8.61/ AB Amef income A EUR 187/ I'm AB Amef Income B EUR 6X71 ls »KKSSSS====!S safe===zzrijs 3BBs»saz=a to Gtobd
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  • Page 5 Advertisements
    • 113 5 TOURBILLON WITH THREE GOLD BRIDGES i Automatic, Skeleton JMf lam ii ii a*t > iflfi Qi HajJW if IB jw/ Aa I -r-jaMjpc GP GIRARD-PERREGACIX f MANUFACTURE DE HAUTE HORLOGERIE DEPUIS 1791 FJ BENJAMIN Exclusive Distributor and Service Centre: BMI A division of F J Ber\jamin (Singapore) Pte Ltd Tel:
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  • Page 6 Advertisements
    • 531 6 PACIFIC SHIPPING TRUST I (A business trust constituted on 25 April 2006 under the laws of the Republic of Singapore) Managed by PST Management Pte. Ltd. Notice of Books Closure Distribution Payment Date NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Pacific Shipping Trust ("PST')
      531 words


  • Page 8 Advertisements
    • 30 8 You can now use your CPF savings to invest in AllianzGI Global Allianz (Hi) High Payout Fund. Visit our appointed distributors for more details. Global |nv estors company icriv *****W(i/K>9/
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    • 21 8 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices®>sph.com.sg.
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  • Page 9 Advertisements
    • 645 9 RX4OOh Lexus Hybrid Drive •JSfev,, v V-*" *W. Introducing the world s first luxury hybrid. The all new RX4OOh. r- f t ST 'fa*# •y*• 4 J E j|P' <v» l k -.V' i 'v4. i* t >i... v.^ V*% V Sbf' Tj? "fiM Qfeg :-sii^r a 'T^^fssyaa^. WmW g
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  • SINGAPORE MARKETS
    • 551 10  -  STOCKS Heavyweights like Keppel Corp, Singapore Telecom and DBS Group prop up the index R SIVANITHY Senior Correspondent EVERY so often, the performance of the Straits Times Index fails to capture that of the broad market and yesterday was one such occasion gains
      Source: Bloomberg  -  551 words
    • 997 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Oct 19 and earlier) Subsantlal No of Price SHAREHOLDING Tram Shareholder/ Buy/ Shares Par Before After Stock Date. Director Sell '000 Shr < ('000) ('000) Innovalues 19-0ct-06 Ong Tiak Beng Sell 1500 0.91 ***** 9.51 ***** 8.56 Innovalues 19-0ct-06 Koh Boon
      997 words
    • Article, Illustration
      950 10  -  Compiled by CONRAD TAN Fibrechem Technologies Oct 19 dose: 551.66 KIM ENG RESEARCH, Oct IS WE ARE increasingly confident about Fibrechem's synthetic leather business following a recent conference call with management Fibrechem has secured a contract to supply a major distributor of synthetic leather for use in athletic footwear.
      Source: Bloomberg  -  950 words
    • 500 10 CURRENCIES Reuters [TOKYO] The dollar steadied against the yen yesterday, underpinned by US economic data that reinforced expectations the Federal Reserve would not lower interest rates soon. Although Wednesday's data was mixed, with new building permits falling to near a five-year
      Reuters; BLOOMBERG  -  500 words


  • THE CFO INTERVIEW
    • 1144 12  -  The ornamental fish farm saw margins squeezed in 2004, but its retail segment is now breaking even, MATTHEW PHAN finds out MATTHEW PHAN START-UP costs related to Qian Hu's retail business caused a 50-per-cent drop in quarterly net profits for the ornamental fish
      1,144 words
  • Page 12 Advertisements
    • 118 12 If you are interested to boost your, your team's and your organisation's JT profitability by increasing performance gf levels, we can assist you. f Contact us now at (65) 6338 5669 or M info@DitferWorld.com 1 40r for a FREE CONSULTATION ANALYSIS Yes, it's time for you to benefit professional corporate
      118 words
    • 40 12 291h October 06 1 vlctortaTh 2» Tickets 9 iMMst SJSTIC;KKBSSSS wwwjisflcjaom «S*»Sg 3* OORC— v jr -lIlBilV MHG BREW y IB More detaHs in this issue! I MAXIM I MME m TK PLANETS SEXIEST WOMEN NOVEMBER ISSUE OUT NOW! gpHmagazines
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    • 8 12 I BTHifi Wth The Business Times JD —————————————————M—WMTiriIIBMPMBIIIBIII
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  • SINGAPORE NEWS
    • 420 13  -  Manufacturers' body to set up regional training centre here By NANDE KHIN THE Singapore Manufacturers' Federation (SMa) will set up a regional training centre and forge links with other manufacturing associations in Asia and the rest of the world in a bid
      420 words
    • 166 13 THIRTEEN outdoor artworks "by six international artists were unveiled yesterday at Vivo City by Deputy Prime Minister Wong Kan Seng, who said that as Singapore develops and takes its place on the global stage, there should be a better appreciation of the finer things in life. Singapore
      ARTHUR LEE  -  166 words
    • 349 13  -  By AMIT ROY CHOUDHURY MOBILEONE (MI) chief executive Neil Montefiore has been given a Lifetime Achievement award by the Institute of Advertising, Singapore (lAS) for his commitment and contribution to the advertising industry. Mr Montefiore was among personalities and institutions that received awards from
      349 words
    • 381 15  -  Kanwaljit Soin, Ivy Singh-Lim and Geh Min honoured for their work By CHEN HUIFEN THREE prominent women yesterday received United Nations accolades for their professional work and their efforts in helping to create a better place to live in. Former Nominated Member of Parliament
      FILE PHOTOS  -  381 words
    • 353 15 SMALL and medium-sized enterprises (SMEs) can now tap a $10 million fund launched by Spring Singapore yesterday to help them defray up to 70 per cent of the costs incurred in developing standards for improving productivity and competitiveness. The $10 million fund will
      353 words
  • Page 13 Advertisements
    • 370 13 J |J H I If J W m ft Wi f' vw!T» PT BERLIAN LAJU TANKER Tbk *I•• PTBerlianLaju Tanker Tbk ("BLT") is an international liquid cargo shipping company with operations spanning .jdm Asia, the Middle East and Europe. We are the largest provider of seaborne transportation of liquid cargoes
      370 words

  • Page 14 Advertisements
    • 3594 14 HL Bank (A limited liability company incorporated in Malaysia) iIH /In I miyami»133IjrjtWfllWClfllI CoT*iJtiiiMili md contmowcm In the normal courw ot business. the Group makes venous commitments and incurs certain contingent Itabilitiee wit legal recourae to Ms customs™ No materia* losses are anticipated as a result of these trwwactions. The«
      3,594 words

  • Page 15 Advertisements
    • 21 15 s P Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 ***** or email notices@sph.com.sg.
      21 words
    • 390 15 K I r /^^r/1 1 Ira f*H| S^^HEb H «4j&. 9bi I HF V* HLjßP^' .jgg|jflP'^'^^g?^^j^.-^iMM| yjj^r v. ":ww.~^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
      390 words

  • ECONOMY WATCH
    • 727 16 Analysts say US is still holding up well -a good sign for region's exporters Reuters [SINGAPORE] If the latest export numbers from Asia are anything to go by, the region is proving more resilient than anticipated to signs of a slowing US
      Reuters; REUTERS  -  727 words
    • 363 16 South Korea to adjust 2007 policies to reflect growing downside risks AFP Reuters [SEOUL] South Korea's economy is facing increasing downside risks due to concerns over North Korea's nuclear test and global economic uncertainties, the country's top economic official said yesterday. Finance Minster
      AFP; Reuters  -  363 words
    • 602 16 Reuters [WASHINGTON] Though the Federal Reserve may take some comfort from September's inflation data, it would not be enough to change its view that core price inflation remains too high or to knock it off its hawkish perch. Policy-makers, who meet next
      Reuters  -  602 words
  • Page 16 Advertisements
    • 16 16 I "V- n 'f- <'* K' $/J\s >! '4' *i $jt ||j jjfl||»«^y*i<HWty.yi|ft l l^f){ s I s
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    • 60 16 ••OffOMO I Ask about our I l fabulous i 1 advertising I ralesj S Anewteam.Anewsound.^^^^l And a host of exciting new Q) M programmes. Radio9l-3 is K 2 all geared to maximise you P advertising mileage wrtha K m ertise@radio9l3.com, and let us provide the creative Qj| Radio 91.3 is
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    • 43 16 I Bth richest man I I Zhong Shengjian I I m gives his take I Ix on the Chinese I II 11 market I tL Head to. CATS FASTADS in The New Paper for job opportunities! WATS f buy nr sell rrrmo rr
      43 words

  • MALAYSIA/INDONESIA
    • 739 17  -  But developers more distressed by restrictive bumi housing policies By PAULINE NG in Kuala Lumpur MALAYSIA has relaxed home ownership rules for foreigners by doing away with a key government approval for properties worth RM250.000 (*****,500) or more in a move to
      BLOOMBERG  -  739 words
    • 328 17 Reuters [JAKARTA] Indonesia's energy ministry plans to push for the introduction of incentives such as tax breaks for investors in oil refineries in a bid to curb imports of oil products, a ministry official said yesterday. Indonesia, Asia-Pacific's only Opec member, has nine
      Reuters  -  328 words
    • BRIEFLY ASIA
      • 72 17 Reuters [JAKARTA] Indonesia's sixth-largest lender, Bank Internasional Indonesia, posted al2 per cent fall in net profit in the first nine months of 2006, squeezed by high domestic interest rates. The bank booked a net profit of 517 billion rupiah (5589.3 million) for the
        Reuters  -  72 words
      • 73 17 AP [HONG KONG] Competition in Macau's burgeoning gaming sector is expected to heat up as new casino Star World Hotel opened last night. The HK$3 billion (*****.4 million) Star World, owned by Hong Kong's Galaxy Entertainment Group, features a 34-storey hotel offering 500 rooms.
        AP  -  73 words
      • 45 17 Reuters [BEIJING] China's top statistician was sacked after investigations implicated him in the Shanghai pension fund scandal, the National Bureau of Statistics said. Qiu Xiaohua had this year coined a Happiness Index to include living conditions, the environment and salary.—Reuters
        Reuters  -  45 words
      • 43 17 Bloomberg [NEW DELHI] India's Ranbaxy Laboratories said third-quarter profit rose less than expected. Net income rose to L4O billion rupees (5548.6 million) in the quarter ended Sept 30 from 187 million rupees a year earlier. —Bloomberg
        Bloomberg  -  43 words
    • 352 17 Over 5 years, they'll cover 'various fields of economy' AP [KUALA LUMPUR] The government yesterday approved investments in Malaysia worth RM4O billion (5517.2 billion) by three companies, including one foreign, over the next five years, a news report said. The three companies represent
      AP  -  352 words
  • Page 17 Advertisements
    • 624 17 RAFFLES MARINA HOLDINGS LIMITED (Incorporated in Singapore) (Co. Reg. No. *****6067E) LOST SHARE CERTIFICATE The undermentioned certificate have been reported lost, destroyed or mislaid: < Name Certificate No. No. of Shar— THU TJIE THUNG *****7 6,000 Ordinary Shares Fully paid NOTICE IS HEREBY GIVEN that new share certificate will be.
      624 words
    • 595 17 ;*AT^ cS* NOTICES BUY IT -SELL IT -f»NO IT NOTICE OF INTENDED DIVIDEND Nam* of company Progress Manufacturing (Holding) Pi* lid (In Members' Voluntary Liquidation) Company registration no. *****7522Z Address of former registered office: 19 Tuas Road Singapore *****8 Last day for receiving proofs 20 November 2006 Name of liquidator
      595 words
    • 660 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PREftMER INTERNATIONAL MARKETING PTEXTD. (In Mambara' Vototoy UqukMNon) Reg No. *****1227 D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duty convened and held at 3 PhWp Street #1003 Commerce Point Singapore
      660 words
    • 650 17 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER Of CHEE TAT INVESTMENTS PTE LTD (In Member's Voluntary liquidation) Company Registration No: *****0715 C NOTICE OF RESOLUTIONS AtonCxtfoordinory General M»»ting of CHEE TAT INVESTMENTS PTE LTD cWn*d to have been duly convened and held on 20
      650 words

  • Page 18/19 Advertisements
    • 351 18/19 J f f)r flf )l#ll rJ W I I#l# M W Mm Emm, w-i ICb H VCH Group the towards excellence J J ji 1 JTLogistics and Supply Chain Management in the Asia-Pacific. Hfc^——J! T we are another office building We are S> Jm unfolding a development that represents the
      351 words

  • GREATER CHINA/INDIA
    • 366 20 Consortium led by US giant bidding for bank faces obstacle from SocGen Reuters [LONDON] Citigroup is close to gaining control of Guangdong Development Bank after the US giant was given permission to enter into negotiations to buy the Chinese lender this week, the
      Reuters  -  366 words
    • 59 20 [AGRA] Cricket umpires for the ICC Champions Trophy 2006 tournament Simon Taufel (right) and Daryl Harper pose with ICC official Sarah Edgar in front of The Taj Mahal at Agra on Wednesday. India is hosting the ten-nation cricket tournament with the next match between New Zealand
      AFP  -  59 words
    • 344 20 [NEW DELHI] The presence of Egypt's Orascom Telecom in Indian company Hutchison Essar has once again come under severe criticism from the Prime Minister's Office (PMO) in its review of potential threats to national security from foreign direct investment (FDI), the Press Trust
      344 words
    • 2330 20 vol Gamuda .4.00 -0.02 513 Of" «M ('000) General Corp 0.61 -0.03 49 Genting .24.80 -0.45 1134 ASM Realty 137 unch ,0 George Kent .0.57 -0.01 93 Abfic 034 003 24 GHL Systems .0.21 -0.01 1674 ACP Industries 1.13 0.01 738 Globetron.cs Tech 0.30 -0.01 851 Advance Synergy
      2,330 words
    • 443 20 Big demand may see overall IPO size swell to US$2l.9b Reuters [HONG KONG] Industrial Commercial Bank of China is expected to price its IPO at the top of the range, raising US$l9 billion in the world's largest-ever initial public offering
      Reuters  -  443 words
    • 237 20 Bloomberg [HONG KONG] China's insurance regulator plans to draft a law to let insurers invest in securities and fund management companies as premiums grow at four times the pace in the US. Earlier this year, China said it would allow insurance companies
      Bloomberg  -  237 words
    • 337 20 It could be biggest foreign acquisition by an Indian firm AFP, Reuters [NEW DELHI] India's Tata Steel is likely to make a formal takeover bid for AngloDutch steel maker Corus Group today which could be at a higher price
      AFP,; Reuters  -  337 words

  • Page 21 Advertisements
    • 1070 21 A comprehensive two-day expo/seminar PROPERTY STOCKS FUNDS I designed for all levels of investors. The expo AI TPn|li ATll/C f CKITO features overseas properties from luxury villas, CnliMl IVC lIHVCO I IVIEfM I O town houses, to resort properties and innercity apartments. The show also offers the best free seminars
      1,070 words

  • MIDDLE EAST
    • 453 22 Target industries in Europe, N America include media, manufacturing Reuters [DUBAI] Dubai government's investment agency Istithmar is planning European and North American acquisitions worth US$7 billion before July 2007 in industries such as media and manufacturing, according to its chief executive
      Reuters; AFP  -  453 words
    • 458 22 [JEDDAH] A multi-purpose world-class city is coming up in the Old Airport of Jeddah. Designs for the project is being prepared by an American consultancy firm and the work will take off within six months, says Abdul Qader Othman Ameer, assistant
      458 words
    • 304 22 It'll spend US$3.5b in two years to seek growth outside UAE Reuters [DUBAI] Abu Dhabi National Energy said it planned to make energy acquisitions worth up to US$3.5 billion in the next two years in countries such as Britain, Russia and India. Taqa,
      Reuters  -  304 words
    • 199 22 [DUBAI] The Dubai Gold and Commodities Exchange (DGCX), the world's newest online commodities derivative exchange, will begin trading fuel oil contracts at the end of this month. Gulf News reported in its online edition. DGCX also plans to trade petrol derivatives next year, the
      199 words
  • Page 22 Advertisements

  • ASIA-PACIFIC/WORLD
    • 448 23 Boost from rise in int'l banking revenue, fewer US credit card defaults Reuters [NEW YORK] Citigroup Inc yesterday said third-quar-ter operating profit rose 6 per cent, buoyed by higher revenue from international banking and fewer US credit card defaults, but revenue fell
      Reuters; AP  -  448 words
    • 453 23 AFP AP [BANGKOK] The board of directors of Airports of Thailand (AOT) has resigned, less than one month after it opened Bangkok's new Suvarnabhumi international airport, the company said yesterday. AOT said in a statement that all of its 14
      AFP; AP  -  453 words
    • WORLD WATCH
      • 98 23 Reuters [MELBOURNE] Shares in Australian retailer Coles Myer Ltd fell 9 per cent after management rejected a sweetened A 518.2 billion (5521.7 billion) takeover proposal and the bidders pulled out. The informal offer, from a private equity consortium led by Kohlberg Kravis
        Reuters  -  98 words
      • 108 23 Reuters [MADRID] Microsoft Corp will spend around US$7.5 billion on research and development in fiscal year 2007, US$9OO million more than it committed the year before, chief executive Steve Ballmer said. In response to a question, he said: "I estimate off the top of
        Reuters  -  108 words
      • 100 23 Bloomberg [HELSINKI] Nokia, the world's largest maker of mobile phones, said profit fell for the first time this year as sales of cheap handsets in China and India eroded margins. The stock plunged the most in more than a year. Third-quarter net
        Bloomberg  -  100 words
      • 159 23 NYT [SAN FRANCISCO] eßay, the Internet auction giant, said on Wednesday that its third-quarter profit grew by 10 per cent, helped in part by a lower tax rate and strong sales at its online payments unit. eßay's chief executive Meg Whitman described the
        NYT  -  159 words
    • 572 23 AP Reuters [SAN JOSE] Apple Computer Inc quelled any concerns of slowing growth as fourth-quarter profits rose 27 per cent, well beyond analyst expectations, on strong sales of its iPod and Macintosh PCs. For the quarter! Apple said on Wednesday that it
      AP; Reuters  -  572 words
    • 396 23 LATEST US DATA Bloomberg [WASHINGTON] An index of US leading economic indicators rose less than expected in September, suggesting the economy has little momentum heading into the fourth quarter. The Conference Board's index rose 0.1 per cent after decreasing 0.2 per
      Bloomberg  -  396 words
    • 291 23 Reuters [SAN FRANCISCO] HewlettPackard Co recaptured the worldwide lead in personal computer shipments from rival Dell Inc in the third quarter as global market growth slowed, two industry research groups said on Wednesday. Gartner Inc said HP moved into the
      Reuters  -  291 words
  • Page 23 Advertisements
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  • AVIATION
    • 570 24 And it won't cancel the Airbus A380 superjumbo order despite long delay Reuters [SYDNEY] Qantas Airways of Australia lifted its profit forecast for this year on softer oil prices, and said it would not cancel its order for Airbus's new A3BO supeijumbo
      Reuters; BLOOMBERG  -  570 words
    • 544 24 [SINGAPORE] Engine maker Rolls-Royce predicts continued growth in business jet deliveries through the remainder of the decade and forecasts an engine market worth US$7O billion over the next 20 years. Medium and large business jets dominate in terms of aircraft and
      544 words
    • LOG BOOK
      • 52 24 AFP [BANGKOK] Thai Airways International said yesterday it would open a new route to India and' increase the number of flights to meet rising demand for winter holiday travel. It will launch three flights per week from Bangkok to Hyderabad later this
        AFP  -  52 words
      • 59 24 Bloomberg [SYDNEY] Sydney Airport, Australia's busiest airfield, said first-quarter earnings rose 8.1 per cent on increased sales at its retail outlets and aviation fees. Earnings before interest, tax, depreciation and amortisation climbed to Asl37 million (*****.2 million) in the three months ended Sept 30
        Bloomberg  -  59 words
      • 57 24 Bloomberg [NEW DELHI] Jet Airways (India) Ltd said it's setting up a new Internet-based reservation system aimed at cutting costs and helping the carrier return to profit. Jet Airways expects to start accepting ticket bookings via the new system by year-end, Wolfgang Prock-Schauer,
        Bloomberg  -  57 words
    • 398 24 Combined entity aims to tackle competition Bloomberg [NEW DELHI] India said that a proposal to combine Air India and Indian Airlines by March 31, which will create one of Asia's top 10 carriers by fleet, is on schedule. A panel of ministers
      Bloomberg  -  398 words
    • 253 24 AFP [MANILA] Philippine Airlines (PAL) is seeking a loan of up to US$6OO million from three European export credit, agencies to fund its US$B4O million aircraft upgrade programme, the flag carrier said yesterday. The carrier is buying four new Airbus A-319 aircraft this
      AFP  -  253 words
    • 1209 24 go mww «T» nmn «re soi«3 iys wmi i«o iSL 81 mBi 1111 SSi5S5i Jff Mnm W WW in, HI 111? 3 Sfl W?5 nasi TH943 1505 TTO42 0635 4$ WHS lid CA957 "*jj CA«8 07?0 1 Jf 17*1 jii nr^n r 1888 cltolo EK316 0635
      1,209 words
    • 333 24 AFP [BANGKOK] Thailand's low-cost carriers said on Wednesday they want to move their operations back to Bangkok's old airport, citing increased costs at the capital's new international airport. "The new airport is getting busy with more traffic, while our operation costs are
      AFP  -  333 words

  • SHIPPING
    • 585 25  -  Plan aims to reduce ship emissions, improve recycling, cut pollution By DONALD URQUHART [SINGAPORE] A raft of new, tighter environmental regulations inched closer to reality following the annual meeting of the International Maritime Organisation's environment committee, including an increasing focus on shipping's contribution
      585 words
    • 171 25 Bloomberg [MANILA] International Container Terminal Services Inc, the largest non-state port operator in the Philippines, has signed an agreement for a US$l2O million loan to fund "future acquisitions". The Manila-based company, which had originally sought a loan of US$BO million, increased the size after its
      Bloomberg  -  171 words
    • 55 25 [COATZACOALCOS, Mexico] Tanker ship 'Quetzalcoatl' belonging to state-owned Petroleos Mexicanos on fire in the Pajaritos petrochemical complex here earlier this week. An explosion during repairs on the tanker killed at least six people, with two reported missing and 12 injured. A crane on the'ship was being repaired
      AFP  -  55 words
    • 294 25 !sgx too Oct 19 S$ Vol CH Offshore 438 0.01 301 Chuan Hup .0.31 -0.01 2687 Cosco Corporation 1.87 unch 5803 CWT Distribution 0.58 0.02 731S EzraHlda 3.92 0.02 383 Freight Links 0 07 unch 1800 Grand Banks Yacht ...0J6 -0.01 21 Jaya Holdings 1.46 0X12 1084 Kf
      294 words
    • 568 25 It wants to expand from cars and coal to tap into growing container market Bloomberg [LONDON] The Bristol Port Co plans to spend about £450 million (Ssl.3 billion) on a container terminal, a departure for the UK port that has relied
      Bloomberg  -  568 words
    • 815 25  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE Supreme Court of Canada has overturned the decisions of two of the country's lower courts and ruled that a personal injury claim involving a pleasure craft accident on land was not a maritime matter.
      815 words
    • 235 25 Bloomberg [HONG KONG] Shares of Shanghai Port Container Co, a listed unit of the operator of China's busiest port, will stop trading today as the company's parent seeks its own listing. The unit will cancel its listing after a share swap with Shanghai
      Bloomberg  -  235 words
  • Page 25 Advertisements
    • 62 25 total integration solutions for shipping companies an£ Our technology is the most complete, robust, scalable and M fully Integrated end to end solution for maritime Industry. We offer hosting, maintenance, application development, and h j design, built with the most powerful technologies and j supported by the most advanced strategic
      62 words

  • EDITORIAL & OPINION
    • 510 26 EDITORIAL FIRES aside, the smoky path to a solution of the haze problem, and the fabled road to hell, have one thing in common: both are paved with good intentions. Despite the best intentions and earnest promises of action from the highest levels, the
      510 words
    • 764 26  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group "Americans can always be counted on to do the right thing... after they have exhausted all other possibilities." -A quote widely attributed to Winston ChurchiU, Britain's Prime Minister during World
      The Washington Post Writers Group  -  764 words
    • 987 26  -  Geothermal resources underdeveloped as investors put off by financial risks, bureaucracy By ROBIN McDOWELL AP INDONESIA, land of earthquakes and volcanos, is literally sitting on top of the solution for its energy needs: Vast reservoirs of hot water deep beneath the earth's
      AP  -  987 words
    • 755 27  -  LETTERS TO THE EDITOR Mak Yuen Teen Singapore I REFER to the article "CEO's pay: A point to ponder" (BT, Oct 18). Disclosures relating to remuneration remain an area in which the region as a whole lags international best practice and, unlike some
      755 words
    • 511 27  -  Leong Sze Hian Singapore I REFER to the article "Singapore Prison Service wins hearts and honours" by Matthew Phan (BT, Oct 17). It said 11,000 ex-offenders are released every year and about 14,500 people were in custody as of December 2005. I attended the
      511 words
    • 1090 27  -  In a win-win situation, MBA students play real-life consultants to companies of modest means By ANNE FIELD NYT AS A GENERAL rule, you can't get something for nothing. But there are exceptions, as the people at Ironclad Performance
      NYT; BLOOMBERG  -  1,090 words
    • 755 27  -  By JOHN GEE WHEN the late North Korean leader Kim II Sung was still fit enough to travel around his country, its newspapers and magazines duly reported his every "on-the-spot inspection" and encounter. The descriptions were quite formulaic. They seemed to have been
      755 words


  • 9752 28 SGX MAINBOARD H l". l4« On UMQato Mr 6rYW MM MCa 1— CaM Cibjm) S*» w- f| I— My warn CV E* »3 S716 I?^°' tWare undi >00 25 2 5 2 25 10.1 MS 6 3148 STeleccm 7 65 7 19 2.7 74 335 Ji 5334 A-Sonlt
    9,752 words

  • 5734 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la kx*an toSS MUSS dy 1 dy yr X dy Hyr Oct H Indw Chang* Chtnpt Ounge Ch«ng« Ch«n<j» Wortj Index Prdrronar* 105&6 US li (U SJ 0.4 11.6 l EAR PWimmay 1065 O.J 95 02 8.5 05 14.4 Europe Pwfoiwy 1442.1 03
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  • Page 30 Advertisements
    • 963 30 Destination Destination DD LEADER RDM/ATW/BMN/TLB/NAN OCEAN JADE CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE pr~r F.E./S.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 1 OTHER SERVICES Tramping for bulk, breakbulk,
      963 words
    • 48 30 0 DST Lines Pie Lid BMHBIM93OOOM ffOOMNG ACtlff FOB TRAMPTO VtSSOS) CONVENTIONAL SERVICE MVTBA SIN/MUMBAJ 20 25 OCT 2006 HEAVY LIFT UPTO 100 TONS for bookings, Moose mat to sales@dstlines.com Or call us at *****329/*****728 /*****683 or fax *****347 Attention: Mr Anthony Chan or Mr Ng Kah Yong
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    • 868 30 rasa/voT ramiwt) HBCwnw) m km 13 SW jkt orchid express 71 so is h/, 0 30/10 STRAITS EXPRESS SI 30 4 05/11 30/10 01/11 SIEVE! VBSB/VOT I RAMfffT) IWGWTWI UJ SH I 1 STD MB API HE IT I Si I m DRBDOI/*57 '00 5.0 01-01/10 im/10 21-21/10 23-24/10 2*-2*/10
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  • Page 31 Advertisements
    • 2533 31 WAN HAI INTERNATIONAL PTE LTD a NOt **********0/R TH: *****588 (MUNES) FAX: *****163 V\NN WAN HAI I INF\ *«*«/»•**»**«*u«-nm IjiVitlll lini hlllkj mi&imiMMiMiiuinisMaiHraiviMaumNUbiKatMn V JOHIH;(O7)ISHrafiUt(O7)2SIWJI SUIBLI0J1) JWS47SHUL (031) 12*7714/JWIIOS www wonhai com m jn*:|Ml)S2S4l«HU:<ni)Sß«/»»IWlB:7HJI0/7H»l HUt/IUT* .»w.»g M«L (HI) 4157M3 HUL <0>l) 4HWg/41<MW I'vpsa Iwrlwi I m reu sw we p»
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    • 20 31 PLACE YOUR AD HERE Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 0002
      20 words
    • 672 31 m aoa WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOT SIN FJOANG ((KOWO N.SHEVA COLOMBO HOWIAH HIOGf OOSMf 17 OCT IB OCT 21 OCT 24 OCT 2100 HOTAFBWIU YFWW3 24 PC 25 00 78 OCT 31 00 04 NOV MPIU GANDHI 01 WW
      672 words

  • Page 32 Advertisements
    • 747 32 IRISL, Qfh® (ftmi} to Qfh® IMMMb BgjsD? j 6®s\it® IbM <§fi IkKsfimg) fei? fts) flaalhiijndl to 03 y&sflQ (&>/?<>& to ifa]3Q®3{) Qtfslimifo Mum* AGENT IN S PORE: StNOSE MARITIME PTE LTD AGENT IN MSIA: BOUSTEAO SHIPPING AGENCIES S.B. AGENT IN INDONESIA: TEL: *****144 FAX: *****181 KLANG TEL: 03-*****388 FAX: 03-*****660
      747 words
    • 581 32 f* —?ir- a HI =m= 11 —$ii-=: gg =BF=-ii—m-^ ■HI F«wS iin I I foil Bit -Mbh iffn m i_ij J.J] jIJJ [sZ'']£ |iiir[i| SFI VP» VOT MM MMI6UPM6 CMTTA6OHG j'y 4' I E?| srr 5T PACMCTMB FAggyi4l IS/lfl H7H H/H W» ~~W7n muMAB r*cc/i4i PI/1T M/1T M/ll Ifl/U H/ll
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    • 449 32 CONVENTIONAL SERVICE ETA SIN LOADING FOR 22 OCT BOMBAY, CHOTAGONG 26 OCT DUBAI, DAMMAM 28 OCT CHENNAI 10 NOV MAif, COLOMBO r^!Tmv^vii7Ti»u7l I( SINCI 19/0 I OWNS A OPERATES THE YOUNGEST FLEET i WITH 1 FOURTEEN 7,000 DWT TWEEN DECKERS I COVERING g THE ENTIRE ASIA PACIFIC PORTS I REGULAR
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 5985 33 This ETA ETA Adverts* Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SW Pwf» ■awe Ma— number Number SIN Desfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire To FEUXSTOWE (FXT) 2127 U. K. 30/10 3011 China Shpg ARABIAN EXPRESS 6042W
      5,985 words

  • PURSUITS
    • 1200 34  -  PARVATHI NAYAR finds out how some top executives celebrate Deepavali and Hari Raya Puasa in Singapore PARVATHI NAYAR Get-togethers with family and friends, prayers to give thanks, new clothes, little money gifts, dressed-up homes and foodladen tables: this sums up the celebratory atmosphere in
      1,200 words
  • Page 34 Advertisements
    • 76 34 Diners Club Card *****980 A World of Exclusive Privileges Treats Diners WHHMBr international' ELEVATt YOUR SENSES... R«volvin( Restaurant J*th floor with the extravagant and exquisite French high tea spread at Top of the 'MM Every Saturday 12pm to 2pm 2.30pm to 4.30pm ME RITUS MANtMUN www.mandarin-sinjapore.com MIX *Jl Chanfli Airport
      76 words
    • 92 34 m )B£m4 GRAB YOUR LEDERHOSEN! This fall festival boasts music from the German Oom-pah Huettenpower, delicious Bavarian bartoeque, great tasting Erdinger beer and much more! Available from 16 to 22 Oct, please call 6432 5656 for more information today. •y PARKROYAL 10 Coleman Street Singapore *****9 Tel: 6336 3456 Fax:
      92 words
    • 12 34 Chooee one Hem from our favourites and get one choice of coffee/tea/soft-drinKs
      12 words
    • 120 34 GOOD GAINS let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@>sph.com.sg. i£M MAT3 NOTICES Champagne guru Tom Stevenson rated Kreg linger (formerly HH Pipers Brook) an astounding 91 points, one of only 3 non-Champagnes to achieve "the quality not just
      120 words
  • Page 34 Miscellaneous
    • 145 34 CRYPTIC CROSSWORD high circles (5,9) loud| y after question one 11 Rush about with Edwin (4) 16 Make everyone amount 20 Very warm in river getting YESTERDAY'S SOLUTION info on light paraffin oil (8) Across: 7 Articles, 9 Abroad, 10 77 Written 11 A\ Down: 1 Pretoria, 2 Bish, 3
      145 words

  • ARTS/CINEMA
    • 693 35  -  DANCE By CHEAH UI-HOON DELZIN Irani, 22, didn't salsa until he came to Singapore; and he definitely never shimmied in public before, until he headed for one of the Esplanade's Dams Festival fringe programmes held at the Powerhouse along the esplanade. The haze
      693 words
    • 759 35  -  ART Spanish artist Evru talks to PARVATHI NAYAR about his two alternative identities, his 'country' and digital art PARVATHI NAYAR f f 0 cook a good meal you need to be creative, have some knowledge of science and make the food with a good-hearted
      759 words
    • 504 35  -  By PARVATHI NAYAR BRIAN De Palma's The Black Dahlia is best described as LA Confidential gone spectacularly bad. Dahlia is a strangely cobbled together set of events and characters ranging from the Los Angeles zoot-suit riots in the *****, to a cameo of one character's father shooting pigeons,
      504 words
    • 322 35  -  DVD By PARVATHI NAYAR ON seeing the impeccably dressed Antonio Banderas in his school, an inner-city kid is moved to ask "Yo son, who died?". "Good manners," Banderas replies. Banderas plays Pierre Dulaine, a Manhattan ballroom dancing instructor in Liz Friedlander's Take The
      322 words
    • 542 35  -  By PARVATHI NAYAR FROM the maker of Memento, we have come to enjoy different takes on the splintered narrative, in which the story is revealed in fragments and the plot folds back on itself to reveal new things extracted from old memories. Christopher Nolan's movies
      542 words

  • executive lifestyle
    • 2003 36  -  A new addition to the glitzy Pusan International Film Festival this year is the Asian Film Market. It proved to be an important marketplace for Asian, particularly Singapore, films, reports GEOFFREY EU GEOFFREY EU IN the decade since it was first launched in 1996,
      2,003 words
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