The Business Times, 14 November 2006

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Total Pages: 34
1 34 The Business Times
  • 24 1 THE BUSINESS TIMES Vth ANNIVERSARY SINGAPORE 85 cents online at http://business-times.asia! .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION I MICA (P) 099/03/2006 Tuesday, November 14,2006
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  • 874 1  -  Corporate tax cut likely, capital gains to be included in government's net investment income to help fund social spending By ANNA TEO [SINGAPORE] Prime Ministor Lee Hsien Loong yesterday served notice of a twopoint hike in the Goods and Services Tax (GST) to
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  • 585 1  -  By VEN SREENIVASAN [SINGAPORE] Dubai Aerospace Enterprise could emerge as the new owner of Singapore Airlines associate Singapore Aircraft Leasing Enterprise (SALE) as bidding races past the US$l billion mark. Sources close to the deal which is being handled by New York-based
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  • 137 1 STI 2.747.24 (+1.93) ST INDEX FUTURES 2,749.00 (+1.00) SIMSCI 333.56 (+0.33) SIMSCI FUTURES 334.10 (+1.40) MARKETS Monday Change KLCOMP 1,019.81 -2.49 NIKKEI 225 16.022.49 89 94 HANG SENG 18,868.54 -22.60 SET INDEX 736.83 -3.59 JAKARTA COMP 1,639.27 -25.57 MANILA COMP 2,821.92 -17.46 SEOUL COMP 1,396.69 +0.96 SHENZHEN B
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  • 73 1 [SINGAPORE] Second Finance Minister Tharman Shanmugaratnam (above) will deliver Singapore's 2007 Budget on Feb 15, Prime Minister Lee Hsien Loong announced yesterday. Mr Lee, who is also Finance Minister, presented the last five Budgets from 2002 to 2006. Before that, his Finance
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  • TOP STORIES
    • 541 2  -  NEWS ANALYSIS Li Ka-shing to take 12% of HK telecom monopoly in latest twist to deal By JANE MOIR in Hong Kong THE confirmation of tycoon Li Ka-shing as a key player in the controversial PCCW share sale yesterday triggered fresh
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    • 567 2  -  Writ to produce accounts of firm whose assets were injected into Hengxin By JEAN CHUA [SINGAPORE] The chief executive of China-based Hengxin Technology has been taken to court for failing to turn in the accounts of a now-defunct company whose assets were transferred
      FILE PHOTO  -  567 words
    • 629 2 GST hike expected, but not so soon: tax professionals A HIKE in the Goods Services Tax (GST) rate was expected —just not quite so soon, tax professionals told BT. Still, they believe the increase is needed, if the Singapore government is to make up the shortfall from an
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    • 545 2  -  Rules apply to all to boost competition, avoid oligopolies By SIOW LI SEN [SINGAPORE] India's ownership limits on banks and industries such as telcos apply to all and they are there to promote competition and prevent concentration in the hands of a
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    • 63 2 IN the article "Most SGX firms reporting higher Q3 earnings" (BT, Nov 13), we said the nine-month 2006 earnings of STATS ChipPAC fell 68.5 per cent to $77 million. This is incorrect. Earnings did not fall 68.5 per cent. At US$4B.5 million, earnings were a substantial improvement from the
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    • 876 3  -  GST INCREASE Increase needed to make up shortfall from expected cut in income tax rates By MICHELLE QUAH [SINGAPORE] A hike in the Goods Services Tax (GST) rate was expected just not quite so soon, tax professionals told BT. Still, they
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    • 384 3  -  Company loses appeal against tax review board By WEE LI-EN [SINGAPORE] A company that hired a bodyguard to protect a director after he was shot during a kidnap attempt has lost a court bid to claim the cost of the professional protector as taxdeductible. The
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    • 381 3  -  By DANIEL BUENAS [SINGAPORE] Singapore must take a sustainable and holistic approach towards tackling the problem of an ageing population, said Prime Minister Lee Hsien Loong, who has appointed Lim Boon Heng, Minister in the Prime Minister's Office, to oversee the
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    • 113 2 Parting company? Call 1800 289 8822 or email noti ces@sph.com.sg to book your corporate notice in our newspapers now. NOTICES i Our qualified professionals can assist you with offshore ni;(rt«rr structures, shelf companies HBr/ j and incorporations In ALL jurisdictions including: British Virgin Islands Islands Bahamas Mauritius Hongkong Samoa Full
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  • COMPANY NEWS
    • 386 4  -  Revenue up 1.6%; strong performance from Marks Spencer, John Little By ARTHUR SIM ROBINSON and Company reported an 18.8 per cent increase in net profit to $4.2 million for its first quarter ended Sept 30, 2006. The earnings attributable to shareholders compare with $3.53
      FILE PHOTO  -  386 words
    • 377 4  -  Broking house hit by lower market volumes By WONG WEI KONG LOWER market volumes have led to a fall in thirdquarter earnings for UOB Kay Hian, the largest local broking house. UOB Kay Hian, part of the United Overseas Bank (UOB) stable, said
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    • 300 4 OCBC Trustee has become the first local bank-backed company to secure a trust business licence, with which it hopes to expand in the private wealth market. The firm's director Raymond Chee said the services are ideal for individuals concerned about succession planning as well
      300 words
    • 450 4  -  By ROLAND LIM REGIONAL Internet service provider Pacific Internet (PacNet) yesterday reported that its third-quarter profit fell 43 per cent as it took on more charges for consultancy and professional fees incurred by the failed Mediaßing takeover bid in February this year.
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    • 432 4  -  By MATTHEW PHAN MANUFACTURING conglomerate Hong Leong Asia (HLA) recorded a 37 per cent rise in net profits for the third quarter 2006 to $12.63 million, helped chiefly by substantial improvements at its consumer products and building materials segments. Third quarter revenues for
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    • 348 4  -  IPO WATCH Property manager MacarthurCook will be offering 80m new units By LAUREL TEO IF ALL goes smoothly, Australian property manager MacarthurCook Fund Management will be offering 80 million new units of its Properties Securities Fund to investors here by the end of
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    • 956 4 Lifeßrandz LIFEBRANDZ LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****1348E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of the Company will be held at Copthorne Orchid Hotel Singapore, Aerides 1, Level 1, 214 Dunearn Road, Singapore *****6 on 29
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  • COMPANIES: CHINA STOCKS
    • 546 6  -  First-quarter profit slips 8.2% while revenue rises 9.7% By MATTHEW PHAN AIMING to restore investor fconfidence, controversy-hit Bio-Treat Technology yesterday named the members of an independent review task force and an inquiry committee to look at vanbus matters. The water-treatment group yesterday also released its
      546 words
    • 383 6  -  Reports by JEAN CHUA SUNSHINE Holdings a developer of mass-market housing in China said net profit for its third quarter more than doubled as it sold more commercial units and homes that give it better margins. At the same time. Sunshine said it has a
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    • 328 6 SYNTHETIC leather maker Sino Techfibre reported that net profit for its third quarter rose 44 per cent as average selling prices for its fabrics went up. The Shandong-based company said yesterday that for the three months ended Sept 30, net profit came in at
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    • 5568 6 UNIT TRUSTS FUNDS ABAmer income A USO 869/ ABAmer Income B USD 8.6* u AB Amer Income A EUR 6.76/ -.nnr- A3AB*I)0£IW»EUR J f «ay=S«sg >>saau,~^g!s!.s-1 ttaw^iis==£3-aa afeW 8 Gil Mulli Si USO .1.137/ AB Gfc Bond BT SGD 14.4V '02 5* AB Gil Bond AT USO 9.27/ Asa Bond
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  • Page 6 Advertisements
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  • COMPANY NEWS
    • 453 8  -  Interest, dividend income from UK concerns boost 9-month revenue By PAULINE NG in Kuala Lumpur GENTING International, which is bidding to build and operate the Sentosa integrated resort, has posted a 17 per cent increase in profit attributable to equity
      453 words
    • 355 8  - Tat Hong's profit up 1 to $9.3m in Q2 By CONRAD TAN TAT Hong Holdings, AsiaPacific's largest crane company, said its net profit grew just one per cent to $9.3 million for its second quarter ended Sept 30. Revenue for three months fell 3 per cent to $105.1 million. The
      355 words
    • 489 8  -  By AMIT ROY CHOUDHURY DESPITE a $10.2 million provision for foreseeable project losses, Singapore Computer Systems Limited (SCS) eked out a marginal net profit in its third quarter its fourth consecutive quarter of earnings. For the three months ended Sept 30,
      489 words
    • 278 8  -  By RONNIE LIM EXPLORATION and production company Interra Resources the former Van der Horst yesterday reported a Q3 net loss of US$2.4 million due to the writedown of US$B.B million of Myanmar assets as a result of ongoing arrears of payment. However, this was
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    • 406 8  -  Resort operator swings to $4m Q3 profit plans expansion By UMA SHANKARI BANYAN Tree Holdings yesterday reported that third-quarter earnings hit $4.0 million reversing a loss of $383,000 recorded for the corresponding three months last year as the resort and spa operator continues to recover
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    • 343 8  -  By WONG WEI KONG UOB Malaysia, part of Singapore's United Overseas Bank (UOB) Group, has gone into overdrive, with the opening of five branches this week. In the Kuala Lumpur area there are new outlets at Kota Damansara and Kepong, plus a relocated branch
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    • COMPANY BRIEFS
      • 47 8 PT BERLIAN Laju Tanker Tbk has posted group net profit of 1.08 trillion rupiah (Ssl 84.52 million) for die nine months ended Sept 30, 2006, up from a net profit of 390 billion rupiah in the same period last year.
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      • 35 8 SHAREHOLDERS of A-Sonic Aerospace and Airocean Group yesterday gave their respective nods for A-Sonic to buy all outstanding shares in Airocean, putting in place a merger between the two companies.
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      • 35 8 YANLORD Land Group reported a 2 per cent dip in net profit for Q3 ended Sept 2006, to $38.9 million. Revenue slid 44 per cent to $226 million.
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      • 37 8 JAYA Holdings* first quarter group net profit increased 44 per cent to $32.1 million on the back of a 178 per cent jump in revenue to $113.2 million.
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      • 49 8 PACIFIC Andes yesterday posted a 24.9 per cent increase in net profit for Q2 ended Sept 30,2006, to HK$5B.2 million, while its subsidiary China Fishery Group reported a 62.1 per cent gain in net earnings for Q3 ended Sept 30,2006, to US$ll.4 million.
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      • 77 8 MEGHMANI Organics, an India-based maker of pigments and agrochemicals, has posted flat net profit of 106.6 million rupees (553.7 million) for the second quarter ended Sept 30, 2006. Revenue increased 28.4 per cent to 1.4 million rupees. For the first half of
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      • 55 8 HTL International Holdings' net profit for the third quarter ended Sept 2006 slipped 11 per cent to $11.7 million, despite a 9.1 per cent increase in revenue to $165 million. The weaker bottomline was largely due to losses from its home furnishing business and a
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      • 31 8 UNITED Engineers' Q3 net profit has fallen from $2.3 million to $858,000. Revenue from continuing operations increased 25 per cent to $140.9 million.
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      • 45 8 Asia Food Prop Q3 earnings hit $9.2m ASIA Food 8i Properties' Q3 net profit has leapt from $2.9 million to $9.2 million while its subsidiary Golden Agri-Resources has posted a 32.4 per cent increase in net earnings for the same period ended to US$18.4 million.
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      • 50 8 SINGAPORE Technologies Engineering's joint-venture company in Kazakhstan, Kaz-ST Engineering Bastau, has won an additional US$9.5 million order to build another 220 multimedia classrooms for schools in Kazakhstan. Together with earlier contracts won, this brings the total order to US$43.5 million for 1,000 multimedia classrooms.
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      • 47 8 BBR Holdings' unit Singapore Piling Civil Engineering has clinched a $66.9 million contract from the Ministry of Health and NHG-Alexandra Hospital for Alexandra Hospital in Yishun, and a $32.1 million contract from the Public Utilities Board relating to the Punggol-Serangoon reservoir scheme.
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      • 62 8 THE Singapore Exchange (SGX) said the recent buying back of its shares in the market is simply to meet its obligations under SGX's Performance Share Plan (PSP). Under this PSP, SGX will buy back shares from the open market through a broker, keep them as
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      • 50 8 STAR Cruises posted its first profit in four quarters, helped by higher travel demand and the sale of a vessel. Net income rose 83 per cent to US$60.4 million in the three months ended Sept 30, while sales rose 19 per cent to US$683.3 million.
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  • SINGAPORE MARKETS
    • 514 10  -  STOCKS Gains capped by feeble regional bourses; ST Index inches up 1.9 points while the broader market weakens TEH HOOI LING Senior Correspondent SINGAPORE stocks appear to have entered a consolidation phase after its recent record breaking runs, with gains capped by the weak regional bourses.
      Source: Bloomberg  -  514 words
    • 1015 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Nov 13 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before- After Stock Date Director Sell '000 Shr S ('000) fOOO) Asiatravel.com 10-Nov-06 Avenue Inv PL *Sell 50 na ***** 5.46 ***** 5.49 Aspial Corp 10-Nov-06 Koh
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    • Article, Illustration
      471 10  -  Compiled by UMA SHANKARI OCBC Bank Nov 13 dose $7.10 MACQUARIE RESEARCH, Nov 13 OCBC is expected to release its 3Q06 results on Tuesday (Nov 14). Macquarie Research Equities (MRE) expects a net profit of $323 million. MRE's focus will be on whether the bank can maintain the
      Source: Bloomberg  -  471 words
    • 152 10  -  CHART POINT By YEO KEE YAN chartist at Kelive Research THE post-Sars bull market has lifted Capita Land from a bottom of $0.79 to a high of $5.95 last Friday. While the major uptrend remains intact, charts indicate limited upside from this price point. Capita
      Source:  -  152 words
    • 517 10  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar managed to stage a recovery in some spots yesterday, thanks at least in part to some renewed Japanese yen weakness, but it continued to plumb fresh lows versus the Chinese yuan before.recovering some composure.
      Source: Reuters  -  517 words

  • Page 11 Advertisements
    • 1421 11 PT BERLIAN LAJU TANKER Tbk Reconciliation <* beleece .heel between IFRS snd OWatSeptember». 2006 I (intnoo.-nd, I""*"""™ 1) ASSFTS I CURRENT ASSETS 273 S»T 7M.282.224 T4.HI.ISt 74.H1.151 Cash and cash equivalents 842,911,574 91,273,587 91,273,58 -nm.rt.nn.it. 46,*****4 4,481,381 4,481,381 Time deposits 9,235,000 1,00 9 9?9 J'999'999 164 814 508 15,008,877 16,008,877
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  • SINGAPORE NEWS
    • 473 12  -  Both working to improve 'survivability' of firms: Jayakumar By JEAN CHUA THE government and the private sector have been working together to improve "protection, survivability and continuity" of oompanies, said Deputy Prime Minister S Jayakumar yesterday. 'I "We are also working with them to
      ST PHOTO  -  473 words
    • 399 12  -  It will employ about 10 people, trade in the market here By RONNIE LIM ABU Dhabi National Oil Company (Adnoc) is set to open an office in'Strrgapore early next year, making it 4 the latest Gulf state to establish a
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    • 422 12  -  By SAMUEL EE MORE integrated developments are expected as land around MRT stations is put to optimum use and the rapid transit system is expended, said the Lthd Transport Authority (LTA). This was revealed at a seminar on "Developing with
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    • SINGAPORE ROUNDUP
      • 63 12 IN the first state trip by a Singapore president to the Middle East, President SR Nathan will visit Egypt from today to Saturday and Jordan from then to Nov 22. In Egypt, President Nathan will be hosted to an official lunch by Egyptian President Hosni
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      • 45 12 THE Ministry of Trade and Industry will release Singapore's third-quarter economic results on Nov 20 at Bam. The key findings will be put on the MTI Homepage (http://www.mti.gov.sg), the Department of Statistics Homepage (http://www.singstat.gov.sg) and the SPRinter {http-J/www. sprinter.gov. sg/).
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      • 86 12 THE three-day Asean Senior Officials Meeting is being held until tomorrow in Singapore. This will be followed by the Asean Ministers Meeting on Agriculture and Forestry on Thursday. The ministers will meet their counterparts from China, Japan and South Korea in the AMAF+3 Meeting on Friday.
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      • 51 12 THE Centre for Humanitarian Dialogue will officially open a regional office in Singapore on Nov 29. The centre will coordinate its activities in armed conflict mediation, represent the organisation in Asia and provide a regional base from which to conduct debate and facilitate contacts and
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    • 363 12  -  By VINCENT WEE SMALL and medium-size enterprises (SMEs) just got a big boost in their drive to go global. Buy Singapore, slated to become Singapore's most comprehensive online business matching and trading portal, was launched yesterday by Minister of State for Trade
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    • 453 12  -  By AMIT ROY CHOUDHURY ESYS Technologies, which was recently dropped by Seagate Technology as a worldwide distribution partner for hard disk drives (HDD), has just signed a distribution deal with Samsung to distribute its hard disk drive products. eSys will distribute Samsung's
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    • 453 12  -  Parties have until Jan to present closings in writing By WONG WEI KONG THE long-drawn hearing on the case against Deutsche Bank over shares in Indonesia's biggest coal mine, PT Adaro, has finally wrapped up in the High Court here,
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  • DESTINATION DELIGHTS
    • 877 13 It could be the hospitality of the people, an unforgettable dining experience or just the scenic wonder of the place. We bring you a six-part series on how some destinations have touched the hearts of travellers, beginning with Tokyo IN A metropolitan city like Tokyo,
      FILE PHOTOS  -  877 words
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    • 143 13 ral V Ljlki iSf fli j| a OJB I I I JB JPiW .Jliki I flwfl .Jl I allßl a "Je MBBBBBgBBHSSBm K 4 Jy jhhhp t i" t" I *th Northwest Airlines World Business Class The impressive 10 4 screen is like my own private cinema vntn (ttort tnwi
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  • ENTERPRISE 50
    • Article, Illustration
      295 14 ■:> i' It was a night of wine, food and celebration as some of Singapore's most successful business people gathered to celebrate the spirit of enterprise. Certainly, perseverance, hard work and sound strategies have paid off for the 55 Singapore companies which were honoured with the Enterprise
      Pbotos by Arthur Lee ami Yap Yew Plang  -  295 words

  • SMEspotlight
    • 1107 15  -  Lynk Biotechnologies satisfies investors with short-term revenue streams and long-term drug discovery plans, says NANDE KHIN NANDE KHIN MANY biomedical start-ups often have difficulty getting equity funding. Investors tend to shy away from such companies whose research products typically take a long time to develop
      YEN MENG JIIN  -  1,107 words
    • 913 16  -  WEE LI-EN talks to three finalists in the Ernst Young Entrepreneur of the Year award in manufacturing and business services WEE LI-EN Finding a niche in developing software solutions for companies took this oneman outfit founded in 1983 to being acquired for a cool $120
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    • 1212 17  -  SMALL CAPS Second Chance Properties is ready to take on the clothing retail industry again, says CONRAD TAN CONRAD TAN SECOND Chance Properties is expanding its clothing retail business very quickly and wants investors to know it. The revenue mix of the mainboardlisted firm is unusual:
      FILE PHOTO  -  1,212 words
    • 308 17  -  By TEH HOOI LING CONSOLIDATION and profit-taking has set in in the "J Singapore market, most evidently in the small-cap sector. In the last five trading sessions to yesterday, most of the stocks in our portfolio weakened, with shipyard operator Labroy Marine being the lone
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  • Page 15 Advertisements
    • 37 15 Reporter Stephen Evans, New Yorfc, 09.11.01 H Center e «•*plane nrc tne towers. He tried to write his report from the ba«P rf rh* IB network"hilled telecom network, he fled the buildmg to complete his report elsewhere.
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  • Page 16 Advertisements
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    • 121 16 From 7 November to 26 December 2006, you can get your business running further with up to 20% off Microsoft's latest software and tools, including Windows Server 2003 R2, Small Business Server 2003 R2 and more! Get Microsoft Software Assurance with Open Value Licensing, and enjoy next version upgrade plus
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  • ECONOMY WATCH
    • 452 18 US says fairer access to American exporters and businesses needed AFP [BEIJING] China's huge trade surplus with the US should be addressed through increased US exports to China and not protectionist moves by Washington, commerce chiefs from the two sides agreed here
      AFP; REUTERS  -  452 words
    • 574 18 Top officials discuss possibility of Asia-Pacific FTA AP [HANOI] A gathering of Pacific Rim leaders this weekend to tackle regional and global trade issues is underscoring China's growing clout in world economic and political affairs. Leaders of the 21-mem-ber Asia-Pacific Economic Cooperation
      AP  -  574 words
  • Page 18 Advertisements
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  • MALAYSIA/INDONESIA
    • 480 19 Malaysian premier calls for party unity as annual congress opens AP Bernama [KUALA LUMPUR] Malaysia's governing party opened its annual congress yesterday by affirming support for Prime Minister Abdullah Ahmad Badawi and calling for unity in the face of attacks by former leader Mahathir
      AP; Bernama  -  480 words
    • 249 19 Reuters [KUALA LUMPUR] Malaysian industrial group MMC Corp has unveiled plans to raise up to RM7.9 billion (553.4 billion) in Islamic debt and RM1.97 billion in equity to fund its takeover of utility Malakoff. MMC, which focuses mainly on construction and engineering, announced
      Reuters  -  249 words
    • BRIERY ASIA
      • 78 19 Bloomberg [BEIJING] China's fixed-asset investment growth may slow to 20 per cent in 2007 from 26.5 per cent this year as curbs on bank lending and real-estate projects take further effect, a government research agency said. Investment growth in cities and townships may slow
        Bloomberg  -  78 words
      • 99 19 Reuters [KUALA LUMPUR] Malaysia vowed yesterday to stick to its target of reducing its fiscal deficit burden to 3.4 per cent of gross domestic product (GDP) by 2010, despite growing political pressure for the government to raise spending. "That target is still
        Reuters  -  99 words
      • 66 19 Reuters [KUALA LUMPUR] Malaysian bank RHB Islamic has broken off talks with Saudi's Dallah al-Baraka group, which had been seeking to take a strategic stake in the Islamic lender. RHB Islamic chairman Vaseehar Hassan Abdul Razack said yesterday. "The time frame has expired
        Reuters  -  66 words
      • 36 19 Reuters [MUMBAI] India's largest listed media firm, Zee Telefilms Ltd, said yesterday it had bought 50 per cent in Dubai-based Taj Television's Ten Sports channel for an undisclosed sum.—Reuters
        Reuters  -  36 words
    • 252 19 Reuters [JAKARTA] Indonesia's vice-president, who also heads the party with the most seats in parliament, sought to play down policy differences with the government yesterday, saying its criticisms should not be exaggerated. Vice-President Jusuf Kalla is chairman of Golkar while popular President Susilo Bambang
      Reuters  -  252 words
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    • 24 19 iiiiiiiiiiiiiiiiimiiiimi **********1 l j V 1: H B mH| |j 1 Radio 91.3 is managed by SPH Unionworks, a subsidiary of Singapore Press Holdings
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  • GREATER CHINA
    • 431 20 Tie-up may help IBM win contracts to upgrade bank's computer systems Bloomberg [HONG KONG] International Business Machines Corp (IBM), the world's largest provider of computer services, plans to join Citigroup Inc's US$3 billion bid for China's Guangdong Development Bank (GDB),
      Bloomberg  -  431 words
    • 504 20 Reuters [SHANGHAI] A Hong Konglisted developer has called off a global auction of one of Shanghai's most expensive apartment buildings, blaming government restrictions on foreign investment in Chinese real estate. Tomson Group Ltd has been struggling with little success for a year to sell
      Reuters; AFP  -  504 words
    • 461 20 [HONG KONG] New China Life Insurance, the mainland's fourth-largest insurance company, plans to raise up to US$l billion in an initial public offering in Hong Kong next year despite a shareholder revolt that led to the removal of its chairman, the
      461 words
    • 2212 20 VOl Gamuda 4.60 0.14 3578 N»v1I RM rOOO) General Corp .1 0*9 -0.01 119 Canting 26.75 0.25 585 AftMRealty 1-37 0.01 10 GeorgeKent .0.57 -0.02 84 Afarfc 033 unch 67 GHL System .032 unch 7220 ACPIncfatfriM -136 0*1 665 GtobetroracsTech -.0.31 unch 1800 Advance Synergy 032 -0.01 646
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  • INDIA
    • 72 21 [BANGALORE] When most kids of his age may be in primary school, Kishan Shrikanth of Bangalore in southern India has directed a film at age nine. 'C/o Footpath' is a film about an orphaned boy who wants to go to school. Kishan, now 10,"showing the Guinness
      REUTERS  -  72 words
    • 484 21 Sebi to submit policy paper on subject to govt Economic Times [NEW DELHI/MUMBAI] Indian pol-icy-makers are looking at creating a more transparent mechanism for hedge funds to invest in the local equities market. In a new policy being prepared by the
      Economic Times  -  484 words
    • 353 21 Dispute with shareholders has blocked Indian developer's Dec listing plans Bloomberg [SINGAPORE/NEW DELHI] Indian billionaire Kushal Pal Singh's DLF Ltd plans to revive its stalled initial public offering in the first quarter of next year after resolving a
      Bloomberg  -  353 words
    • 201 21 Reuters [NEW DELHI] Britain's BT Group pic has applied for licences to provide domestic and international long-distance telecom services in India to both foreign companies setting up operations and Indian firms expanding offshore. BT said yesterday that it saw revenues from its Indian operations
      Reuters  -  201 words
  • Page 21 Advertisements
    • 189 21 W^WSqlKTOflTlglßl^lwgwWßi^^^iL 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
      189 words

  • MIDDLE EAST
    • 567 22  -  Plans for next five years include US$150b in real estate projects By CLARENCE MICHAEL in Dubai ABU DHABI is planning to invest around US$l7O billion in the next fiye years of which nearly US$l5O billion would go into real estate. The rest has been earmarked
      BLOOMBERG  -  567 words
    • 353 22  -  By HABIB SHAIKH in Jeddah SAUDIA Catering, the catering arm of Saudi Arabian Airlines, is to be privatised through an initial public offering (IPO) within three months, according to Khaled Al-Melhem, the airline's director'general. Mr Al-Melhem said the airline itself will be sold by
      353 words
    • 407 22  -  By CLARENCE MICHAEL in Dubai UAE-BASED Dana Gas PJSC has entered into an agreement with Canada's Centurion Energy International Inc to acquire all of Centurion's outstanding common shares for Csl2 each, totalling US$l.O2 billion. At Csl2 for each share, the equity value
      407 words
  • Page 22 Advertisements
    • 247 22 cN/; t V1) Oi>lie//)/.vj *>" ,tr® 10 Itias Wv\| Drive S i*\ U'l (.SftlXIKM)|;i\ (.KM 1020 I mail altos t" lattk'siuaniKi A inn VVvhsilc www lallli'MtiannaA.oin.s': mm AnsWer: MM LTCCNDS GARDEN THE LEGENDS W FORT CANNING PARK 11 Canning Walk Singapore *****1 Tel: 6333 9979 www.le9andafortcannlnfl.com Diners Club Card Sj^jpf?S2
      247 words

  • ASIA-PACIFIC/WORLD
    • 611 23 US year-end sales, hopes of higher fund flows into Asia ex-Japan spark rally Bloomberg [SINGAPORE] The rally that lifted Asia-Pacific stock indexes to records last week may just be getting started, if history is any guide. In 2004 and 2005, shares outside
      Bloomberg  -  611 words
    • 579 23 MEDIA MOVES Groups valuing firm at over US$17b plan to submit bids Bloomberg [NEW YORK] Clear Channel Communications Inc. the largest US radio broadcaster, was likely to receive at least two competing takeover offers later yesterday from leveraged buyout groups that value the company
      Bloomberg  -  579 words
    • 370 23 NYT [NEW YORK] Maurice R Greenberg, the former chairman of the insurance giant American International Group, has become the latest wealthy mogul to express interest in the struggling newspaper industry. Mr Greenberg, 81, known as Hank, is considering a bid for the Tribune
      NYT  -  370 words
    • 315 23 AFP Bloomberg [BANGKOK] Thailand's military junta will lift martial law within days, the defence minister said yesterday as the country seeks to boost its international standing ahead of a meeting of Asia-Pacific nations. "We will know in one or two days,"
      AFP; Bloomberg  -  315 words
    • 210 23 NYT Bloomberg [PARIS] The chief executive of Deutsche Telekom, the largest telecommunications company in Europe, resigned on Sunday amid an ailing share price and growing pressure from discontented investors. The chief executive, KaiUwe Ricke, appears to have been forced out by major shareholders
      NYT; Bloomberg  -  210 words
    • Article, Illustration
      47 23 [MELBOURNE] Australian cricketer Shane Warne poses next to cut-out faces of himself at the launch ofMessagevision here on Friday. Warne is sponsored by Message on Hold which provides businesses with promotional audio recordings that you hear when your phone call is placed on hold. AFP
      AFP  -  47 words
  • Page 23 Advertisements
    • 57 23 UnWMWPBUML Mu A ■HHft jKw i HL Mf < aSi Sal■ I $3SSIf*UK■ i-> i Mr w J P' I X. 1 XX llv IllUulvdlt China s Central Drama Institute mrnf 1 W£ r RMHHHHMjjIMM organiser Co-Organiser: Jinniu District, Chengdu, China Production of: ChengDu JinSha Sunbird Perfoming Arts Culture Co
      57 words

  • AVIATION
    • 622 24 Construction schedule ready but location not decided: officials Xinhua [BEIJING] Beijing is keen to start building a new airport before 2010 but experts cannot see eye to eye on where the airport should be located. Many commentators say the new airport should
      Xinhua  -  622 words
    • 2058 24 FUC T nJe T 110 Frankfurt AC9951 0655 LH9765 1430 MMMt LH9771 1740 AF8088 2215 LH9762 0655 L***** 14*> SQ268 1740 BA7382 2215 L AF8087 1830 LH9770 2350 BA7 I?| "m! ***** 2350 I«! ACW50 2355 LcSgl <3% L***** 2345 «"g |g L***** ill SQ324 2345
      2,058 words
    • 483 24 Reuters AFP [SINGAPORE] Brazilian plane maker Embraer aims to sell at least 200 regional jets in Asia, excluding China, over the next two decades and sees most of the demand for its aircraft from India, Japan and Australia. Embraer, the world's fourth-largest commercial
      Reuters; AFP  -  483 words
    • 488 24  - No intention to buy EADS shares, says Dubai Int 1 Capital By Clarence Michael in Dubai INVESTMENT company Dubai International Capital (DIC), a subsidiary of Dubai Holding, has denied speculation that it is considering buying shares in European Aeronautic Defence and Space Company (EADS), the parent company of Airbus. In
      488 words
    • 135 24 BRITISH Airways chief executive Willie Walsh demonstrating a new Business Class flat bed at a media briefing in London yesterday, after he announced a £100 million (*****.6 million) overhaul of the airline's Club World facility. The new flat bed is 25 per cent wider and
      AFP  -  135 words
  • Page 24 Miscellaneous
    • 175 24 CRYPTIC CROSSWORD 7 Court surrounding fantastic BBL-JHL—^ temperature perhaps (7) DOWN 1 3 Deny being against CID art Across: 1 Original sin, 9 Satellite, ,-xr fraud toppling head (10) 10 Trout, 11 Ocelot, 12 Headline, 1 Efficient guy takes on secre- 1g Former politician in drink's 13 Errata, 15 Vivacity,
      175 words

  • SHIPPING/AVIATION
    • 509 25  -  Group to tap the homegrown expertise of its Trans-Link unit By DONALD URQUHART [SINGAPORE] Newly rebranded Agility Logistics has announced its intention to use Singapore as a platform to spearhead the growth of its meetings, incentive, convention and exhibition (Mice) logistics
      509 words
    • 528 25  -  By CLARENCE MICHAEL in Dubai DUBAI World has confirmed plans to invest £1.5 billion (554.5 billion) in a major infrastructure develI opment project in the UK. The London Gateway project, to be executed by port operator DP World, will include a world-class port capable
      528 words
    • 229 25 Oil importers fear retail prices will go up due to port fees Xinhua [DAR ES SALAAM] Seven tankers which were carrying some 210,000 tonnes of petroleum products have been stranded outside the Dares Salaam Port due to its slow discharging
      Xinhua  -  229 words
    • 158 25 Bloomberg [SINGAPORE] PSA International Pte and Jurong Port Pte handled 9.3 per cent more containers in Singapore last month helped by growing trade demand, the Maritime and Port Authority of Singapore said. Singapore, the world's busiest container port, handled 2.18 million
      Bloomberg  -  158 words
    • 404 25 Bloomberg [LONDON] The cost of transporting crude oil from the Middle East to Asia on 2 million-barrel oil tankers may be little changed as a glut of vessels for hire counters the effect of rising demand for December loadings. Hiring for next
      Bloomberg  -  404 words
    • 347 25  -  By VEN SREENIVASAN ONE of Airbus's four Airbus A3BO double-decker test jets will touch down at Changi Airport this morning for the first in a series of final stage test flights before certification by US and European authorities. MSN2, which is
      347 words
    • 324 25 AFP [BANGKOK] Global logistics giant DHL yesterday launched its US$22 million hub at Bangkok's new international airport as part of the company's strategy to boost its growth in South-east Asia. "We consider Thailand as the gateway to Indochina," Scott Price, chief executive
      AFP  -  324 words
    • 329 25 Bloomberg [JAKARTA] PT Garuda Indonesia, the nation's biggest airline with US$75O million in debt, expects to break even next year after cutting aircraft insurance payments. The state-owned company's loss mdy narrow to 400 billion rupiah (5568.2 million) this year from
      Bloomberg; AFP  -  329 words

  • EDITORIAL & OPINION
    • 498 26 EDITORIAL THERE have been positive reports on the property market in Singapore of late. We read about how a queue started forming at 3am for the launch of a 99-year leasehold property The Metropolitan located next to Redhill MRT station. Then there were
      498 words
    • 1345 26  -  Selling short is an aggressive strategy and can be extremely dangerous. When an investor buys a stock, it can fall no farther than zero, but in a short sale losses can be open-ended By CONRAD DE AENLLE International Herald Tribune HOW do you
      International Herald Tribune; AP  -  1,345 words
    • 859 26  -  THE BOTTOM LINE ANDY MUKHERJEE Bloomberg HERE'S an idea for Indian Finance Minister P Chidambaram, who has an avowed preference for lower taxes: Slash the levy on corporate profits to 15 per cent. That's less than half of the current
      Bloomberg  -  859 words
    • 1640 27 The authors feel that Islamic finance should develop its own genuinely Islamic financial instruments Book review: An Introduction to Islamic Finance, Theory and Practice by Zamir Iqbal, Abbas Mirakhor Publishers: John Wiley Sons (Asia) Pte Ltd Price: $89.95 (before GST) Reviewed by Said Abdullah
      1,640 words
    • 734 27  -  Airlines may stick with the A380 if only to keep Airbus, which also wants to develop a rival to Boeing's 787, as a healthy competitor By DAVID PAULY BOEING Co is discovering that it's better to be lucky than good. Airbus SAS,
      AFP  -  734 words


  • 9504 28 SGX MAINBOARP U4K Trf 1st Vol Oa* UtfOuoW Mm GfYM MM 8K4a W» Law Ode rmpiij S*m *4- rwn w» u» l»l» S4«» Cw w 15 1 5 rn 19 Software 3 2.5 3 12.1 115 6 114B armecom 8 4)5 IX li 8 8 8.5 M «J
    9,504 words

  • 5461 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES hbcrforr MSS *US x %r *y r r No» 10 Inrtw Chang# Chang* Omy Chang* Ovnp« Chang* T>e Wort) Mb Pwimn«) ***** -01 101 -03 M _01 117 I £4/1 Pnfetwiay ***** -03 102 -0,1 101 83 179 ***** -0.2 138 0.0 168
    5,461 words

  • Page 30 Advertisements
    • 1562 30 UK CONTINENT SERVICE 11.5.A SERVICE Destination Destination DD LEADER RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia E/w Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysio, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping
      1,562 words
    • 505 30 vitar WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com VKSB. VOY MMf HBGHT SIW LK MAO SAY IK OOF TAHOIA Af6J4 4001 MS 4.3* 17/11 10/12 19/12 M/ 12 31/12 29/12 TtXAS AM3S 4201 MM 6.4* 01/12 02/01 11/01 15/01 20/01 11/01 TAKO AfTOl Wkm MM 21/12 21/01 30/01 03/02 00/02 04/02 N«w
      505 words

  • Page 31 Advertisements
    • 755 31 WAN HAI INTERNATIONAL PTE LTD CB Ntt **********0/1 V" .A uiiii a a a nir#* TH: *****588 (14 LINES) FAX: *****163 V\\N 1 WAN HA LINES C"*""S«rvfc./lookißg»NrtctLint-(1800)*****200 I JjA'W PUIE: (03) 334tUtt HUt (03) *****211P81TH: (04) 22&5900 FUfc |04)229M44 V JOH TH: 107) *****23 HUL (07)*****21 SUB TH: (031) *****75
      755 words
    • 1153 31 !§HEBSSm [VISStL VOY PKL 1 SIN KARACHI I PXI I l*» I PMM MK KHON 1 IRAN TA6ATAIAEI PCI >169 14/11 15/11 24/11 27/11 2S/11 04/12 06/12 01/12 IRAN RAABA2I PCI «170 22/11 23/11 02/12 05/12 06/12 12/12 14/12 16/12 IRAN SHAHRYAR PCL 1172 26/U 29/11 06/12 11/12 12/12 U/12
      1,153 words
    • 515 31 SCI LINE LAUNCHES HYPER GALEX SERVICE ON NOVEMBER 11 SCI Line announces the launch of its Hyper Galex service along with Emirates Shipping Line and TS Line as consortium partners providing comprehensive port connections linking China, South East Asia, India and the Middle East. Served by six vessels of 3,100
      515 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 4205 32 This ETA ETA Advwtfcar Vtwl Voyag* Tatephona ETA ETA ArtrartlMr VomI Voyaga Til^tiini SM Oasfn Nam Nana Number Numbar SIN Dasfn Nama Nama Numbar Numbar s si ?v. $&m iMe8e8es88«888SB»BWOi!ti8i)oocooo«w>«8i)WDM»oocii»w 29/11 11/12 IRISi IRAN SHAHRYAR Pa 8172 *****144 To ABIDJAN (ABJ) 2003 Cote D'lvoire
      4,205 words

  • PROPERTY
    • 904 33  -  DOMINIC PETERS and LIM SOK PENG say high-tech industrial space is getting hotter nowadays DOMINIC PETERS and LIM SOK PENG OFFICE space has been in the limelight in recent months due to the shortage of Grade A office space and rising rents in the city. Although
      Source: Research &  -  904 words
    • 318 34  -  Novelty Group buys St Thomas Walk site for $810 psf ppr By KALPANA RASHIWALA NOVELTY Group is buying the freehold Eng Tai Mansion at St Thomas Walk for $76.5 million, or about $810 per square foot of potential gross floor area inclusive of an
      FILE PHOTO  -  318 words
    • 470 34  -  URA awaits applications to take 30-year LH plot off Reserve List By ARTHUR SIM THE Urban Redevelopment Authority (URA) will for the first time make available for sale a 30-year leasehold residential site. The chances are that it will be developed into private housing
      470 words
    • 315 34 Bloomberg [EDINBURGH] Rodamco Europe NV, Europe's largest shopping-centre owner, plans to start developing properties itself after a change in the rules for Dutch real estate investment trusts comes into effect. The Dutch parliament will probably approve government plans to overhaul the rules in
      Bloomberg  -  315 words
  • Page 33 Advertisements
    • 335 33 FOR SALE BY TENDER hd.hu* Residential Redevelopment vo 6 T ««A h Site at Balestier Road, Toi T l£2™ Hang Tat Garden rn (fin Toa PayohJ Ml 7n n a<„ m Land area 2,341.2 sm (25,200.4 sq ft) Jin Rajah v o> Freehold A Subject Master Plan 2003 -PR 2.8,
      335 words
    • 326 33 Luxury Residential Development Site: Parisian at Angullia Park Tangln J J Prominent corner location 7/ Site area approx 49,114 sq ft Freehold Roy* PfcHoW X "T" P-. /y.-sr Plot ratio 2.8 R n-M no R °yf |Ttwi zz. i/ •Upto 36 storeys Z7 Unobstructed views Ondhjjnl Shopping KM Jsc<X 100
      326 words

  • Page 34 Advertisements
    • 166 34 I 9 H R If" ffnmwl IBM k /i R&9H HHH m -JM A* k f I W 1 i L l^ iSisv™ m jm IBffiHk o '19| <•*- wtsf. L |j^HH|^H^^HHßM^^^H|^HHß^|:;, iMfc|^£_•, jppPBBBIi i 'hi mi v iifSlilvfliffW BOOK INTO THE PARKROYAL LIFESTYLE. At Parkroyal, you'll discover a whole
      166 words
    • 157 34 INDUSTRIAL BUILDING FOR SALE BY TENDER Address 55 Jotan Pemlmpln Description A 4-storey detached factory Tenure 999 yrs wef 6 July 1885 Land area approx. 33,519 sq.ft. GFA approx. 53,977 sq. ft. Tender Closing 08 Dec 2006, 3pm For tender document. please contact; CB Richard ENr Bernard ®oh 6326-1232 9780-9252
      157 words