The Business Times, 21 November 2006

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Total Pages: 34
1 34 The Business Times
  • 25 1 THE BUSINESS TIMES ■Vth ANMIVIISAIT JD SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Tuesday, November 21,2006
    25 words
  • 491 1  -  Both can buy up to 10% each in the bank: report By SIOW LI SEN [SINGAPORE] Singapore banks' ambitions.for India may just have been given a nudge following an agreement to allow Temasek Holdings and Government of Singapore Investment Corporation (GIC)
    491 words
  • 136 1 sn 2,***** (-41.77) n ST INDEX FUTURES mm 2.772.00 (42.00) siMsa 337.65 (4.87) SIMSa FUTURES ***** (-*2O) MARKETS Monday Chang* KICOMP 1.033.52 -7.27 NIKKEI 225 15.725.94 -365.79 HANG SENG 18.954.63 -228.06 SET INDEX ***** -7.55 JAKARTA COMP 1.684.01 +11-90 MANILA COMP 2.***** +0.77 SEOUL COMP 1.402.21 -10.01 SHENZHEN
    136 words
  • 815 1  -  7.2% Q3 growth is slower than expected, next year's expansion projected at 4-6% By ANNA TEO [SINGAPORE] The economy will slow sharply in the current fourth ouarter but still notch up robust growth of 7.5-8 per cent year-round for 2006, the latest government
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  • Page 1 Advertisements
    • 85 1 |4«§®|gB MEGA FUND S Anil Ambani to launch USssb global fund SME SPOTLIGHT H|. |H ■*•■■■•< l v- |1 B| mk j fl HI SI jst v H B w H W j^HHHfIP K4 fl :fIL fl iHI B I r jB 1 gß| I I Ebel's calculated risk pays
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    • 20 1 I' ;t v I ffViiUSl mS I m MiM I H LONDON PROPERTY Chelsea, Kensington property prices soar PAGE 33
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    • 91 1 MANAGEMENT Hchartered JK 1 CHANGES Surprise shake-up at E&SESm MM Stanchart PAGC2I ULYSSE/ NARDIN I v >•-- vs. v I v \\l^< H-£V riff 1 v\ 'JS M I W SoNA'IA < -Al Ml DKAI IH'Al I'lMf 67O-S8/213 Si 1 r-w iM>i v (Pa ii nii d m< >\» \i»
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    • 11 1 tajCD WCD ADVERTISING 176 newspapers jn tie-up with Moo PAGE 21
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  • TOP STORIES
    • 570 2  -  Board says bid undervalues exchange By NEIL BEHRMANN in London NASDAQ yesterday launched another takeover attempt on the London Stock Exchange (LSE), valuing it at £2.9 billion (SsB.6 billion) but this was swiftly rejected by the exchange. Nasdaq the big American electronic exchange where
      570 words
    • 430 2 Talks on for tie-ups with Blackstone, Soros and Temasek Economic Times [MUMBAI] Prominent Indian businessman Anil Ambani plans to launch a global buyout fund of about US$5 billion aimed at telecom and related sectors and is in talks with billionaire speculator George
      Economic Times; REUTERS  -  430 words
    • 474 2 S'pore economy not highly vulnerable to oil prices THE Singapore economy is not especially vulnerable to high oil prices, according to an official with the Ministry ofTrade and Industry. In fact, Singapore's energy intensity—a measure that links the impact of rising energy prices on the economy—is not that
      474 words
    • 764 2 NYT [NEW YORK] The Blackstone Group has agreed to acquire Equity Office Properties Trust, the largest US office-building owner and manager, for about US$36 billion. The deal marks the largest leveraged buyout in history eclipsing the US$33 billion paid earlier this
      NYT  -  764 words
    • 688 3  -  SINGAPORE Q3 ECONOMIC SURVEY Studies that show S'pore has high energy intensity not accurate: MTI By RONNIE LIM [SINGAPORE] The Singapore economy is not especially vulnerable to high oil prices, according to an official with the Ministry of Trade and Industry (MTI).
      688 words
    • 615 3  -  Contracts awarded surge 160% to $6.03b in Q3 By MATTHEW PHAN [SINGAPORE] Hard figures supporting talk of an upturn in the construction industry which has been in a cyclical depression for the last few years turned up yesterday in an official
      615 words
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  • COMPANY NEWS
    • 358 4  -  SGX, Korea Exchange to sign MOU tomorrow to start talks on setting up alliance By WEE LI-EN INVESTORS in Singapore and Korea may soon be able to co-trade derivatives on their stock exchanges. The Singapore Exchange (SGX) will sign a memorandum of understanding with
      AP  -  358 words
    • 757 4  - Education pays for this stock HOCK LOCK SIEW By TEH HOOILING WHAT does it take to become a millionaire? Ten thousand dollars, four years and ten months, one stock and not least of all, belief and patience. And that stock is Raffles Education. An investor who had invested $10,000 in
      757 words
    • 262 4 [KUALA LUMPUR] OCBC Bank (Malaysia) Bhd, a unit of Singapore's smallest lender Oversea-Chinese Banking Corp, plans to sell bonds this week to raise capital for its Islamic lending business. It will sell RM2OO million (5585.3 million) of subordi- nated bonds based on
      262 words
    • 276 5  -  It has entered separate placement agreements with 4 funds By MICHELLE QUAH UNITED Fiber System (Unifiber) is looking to place out 180 million new shares at 27 cents each to funds held by US investors. It said yesterday it has entered into separate
      276 words
    • 293 5  -  By SIOW LI SEN SINGAPORE Telecom has teamed up with United Arab Emirate's Etisalat to offer telco services to corporate customers in the Middle East, thus broadening its reach in that region. A Sing Tel statement said it has signed an
      293 words
    • 506 5  -  By NANDE KHIN INDIA-based pigments and agro-chemicals producer Meghmani Organics is looking forward to a better second-half with a likely recovery in gross margins, managing director Ashish Soparkar said yesterday. Last week, the company reported lacklustre secondquarter results. Net profit for the
      ARTHUR LEE  -  506 words
    • 624 6  -  Package pegs interest to CPF ordinary account rate By CONRAD RAJ THOSE seeking more certainty on home loan costs can look at DBS Bank's latest mortgage product The POSB Home Ideal, with interest pegged to that on the CPF Ordinary Account. The package
      624 words
    • COMPANY BRIEFS
      • 111 6 WESTCOMB Financial Group has announced that former Bursa Malaysia chairman Mohammed Azlan bin Hashim's agreement to subscribe for 22 million shares in Westcomb is scheduled for completion next month. Mr Azlan has also joined Westcomb's board with immediate effect, assuming the non-executive chairman's post. Teo
        111 words
      • 127 6 PANTAI Irama Ventures Sdn Bhd has raised its stake in Pantai Holdings Bhd to 87.23 per cent, after picking up shares in the company between Nov 13 and 17. This has pushed up the effective interest held by Swiss Zone Sdn Bhd,
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      • 75 6 UNITED Communication Industry (UCOM) shares fell to 45 baht yesterday after Singapore-listed Total Access Communication (TAC), a 43 per cent-owned unit of UCOM, said that its listing on the Thai bourse would not take place this year. TAC told the Singapore Exchange that
        75 words
      • 126 6 YHI International, a distributor of automotive and industrial products and an original design manufacturer of alloy wheels, has opened a new alloy wheel manufacturing plant in Suzhou, China. The plant started production in September this year. Together with its manufacturing facilities in
        126 words
      • 54 6 WATER-treatment specialist Darco Water Technologies has struck a syndicated loan facility agreement, totalling US$21 million and S$4 million, with a group of international banks and financial institutions. Proceeds will be used to fund its order book of projects and refinance loans as wen as
        54 words
    • 727 6 IPO WATCH Reuters SINGAPORE has had a record year for initial public offerings, thanks to the listing of beer and whisky firm Thai Beverage, and the sale of several new property trusts, China plays and other regional firms. Companies raised a total of
      Reuters  -  727 words
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  • COMPANIES: CHINA STOCKS
    • 333 7 It has set an indicative price range of $0.54 to $0.83 a share Reuters CHEMICALS producer China Energy Ltd's initial public offering (IPO) in Singapore is expected to raise as much as $157 million, sources close to the deal said yesterday.
      Reuters  -  333 words
    • 494 7  -  Shares rise 5.1% to 82.5 cents on news that it will supply sweetener to drinks maker By ANGELA TAN LUZHOU Bio-Chem Technology yesterday said it has entered into agreements to supply high fructose corn syrup to leading food and beverage manufacturers in China, confirming earlier
      494 words
  • Page 7 Advertisements
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    • 373 7 111 JbL. to Morning Flight to USA! Fly ANA'S daily morning flight from Singapore to USA| (via Narifajp and enjoy true value! Not only is transit time reduced dramatically, prices are slashed to give you an offer you just can't resist! Check out these exciting offers: 1 Aiigates San frznd^^mmi
      373 words

  • SINGAPORE MARKETS
    • 518 8  -  STOCKS Bourse falls in line with the region, with Straits Times Index shedding 1.5 per cent R SIVANITHY Senior Correspondent TOO much "froth" in. stock markets tends to make them vulnerable to sudden concerted selling of any sort something which was painfully apparent yesterday when
      Source: Bloomberg  -  518 words
    • 867 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Nov 20 and eariier) SriaumU No of fito SWMHOUMKi sr a -Ji fa 8ES4. g S3 J j» Fung Choi Media Grp17-Nov-06 F4N Invest Pte Ltd Buy 8000 na *****5 25.00 *****5 27.48 Fung Choi Media Grp17-Nov-06 F&N Ltd ***** na
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    • 562 8  -  CHART POINT By YEO KEE YAN chartist at Kelive Research CRUDE prices have fallen from a peak of U5579.45 pei 1 barrel in mid-July to a low of U5554.86 last week. However, the charts now suggest a bottoming scenario for
      Source: NextVIEW  -  562 words
    • 498 8  -  CURRENCIES LARRY WEE Senior Correspondent THE euro spiked to a post-launch high of 151.67 yeri in Asian trading yesterday, benefiting from the combination of a soggy US dollar and a less-than-confident Japanese currency. Traders said the US dollar took a beating in
      Source  -  498 words

  • SINGAPORE NEWS
    • 622 9  -  IR bidder signs deals with MTV, Discovery Channel, Nickelodeon By DANIEL BUENAS KERZNER International one of the three bidders for the Sentosa integrated resort has said that its "trump card" over the competition is its expertise in developing and operating family resorts and programmes. Yesterday
      KERZNER CAPITALAND  -  622 words
    • 607 10  -  Credit-linked notes, offered in S$ and US$, are to mature in March 2017 By CONRAD TAN MERRILL Lynch has launched a new investment product linked to credit risk aimed at retail investors keen to participate in the fast-growing market for credit derivatives. The Link Gain
      607 words
    • 276 10  -  By DANIEL BUENAS SINGAPORE'S tripartite approach to labour relations is the country's "secret weapon" in the battle to remain competitive. And the tripartite partners labour, the government and business aim to enhance ties through a new ffruftework called the Singapore Tripartism Forum. Starting
      276 words
    • SINGAPORE ROUNDUP
      • 64 10 HOMEGROWN biotech firm Rockeby biomed has signed a letter of intent to buy up to 40 per cent of Beijing Allheal Laboratories Co for 37.5 million yuan (557.4 million) in two stages. If completed, Australianlisted Rockeby will gain access to Allheal's distribution network,
        64 words
      • 40 10 EIGHTH Wonder has launched a website to showcase its proposal for the Sentosa integrated resort. The website—at www. harrysiskind. com. sg shows what the resort could look like if Eighth Wonder wins the bid.
        40 words
    • 159 10 SOME 20 children from Henderson Student Care Centre were given a money management board game to play yesterday, at the launch of a programme by OCBC Bank to teach basic financial knowledge to children from lowincome families. The programme will be introduced
      159 words
    • 296 10 THE estate of the late billionaire hotelier and banker, Khoo Teck Puat, is donating some $34 million to help defray the cost of building a brand new sports complex for Beijing's Peking University. The donation is the largest from the US$5 billion
      296 words
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  • DESTINATION DELIGHTS
    • 710 11 Travel tales are as varied and colourful as the places themselves. It could be the hospitality of the people, an unforgettable dining experience or just the scenic wonder of the place. We bring you Los Angeles, the third of a six-part series on how some destinations
      FILE PHOTOS  -  710 words
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  • SME spotlight
    • 817 12  -  GM Michelle Ang tells NANDE KHIN how the decision to target the hard disk drive industry has reaped dividends for the company NANDE KHIN A "CALCULATED risk" taken by Ebel Industries, which specialises in surface treatment solutions like electroplating, not too long after it was set
      YEN MENG JIIN  -  817 words
    • 3235 12 UNIT TRUSTS FUNDS AB Amer Income A USD 8-6* 1 A8 Amer Income B USO M* AB Amer hcome A EUR 6.7* AM Amro Assat Mgt (S'pore) AB Amer Income B EUR 6.7* Star Europe Eqtyl" 1013 AS Europ Income Opp AT SGD 1SJ>4/ Sor Europe Bond 1-18* ABEurop Income
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    • 1405 13  -  NANDE KHIN finds out how it has gone from strength to strength over the past 19 years despite being in what some consider a sunset industry NANDE KHIN WHEN Vincent Tan, founder and managing director of FotoHub Holdings Pte Ltd, tells people that he is in
      ARTHUR LEE  -  1,405 words
    • 1012 14  -  SMALL CAPS Parent Apex-Pal aims to grow its other brands too, writes NANDE KHIN NANDE KHIN WITH oyer 30 Sakae Sushi restaurants here and more in the pipeline, parent company Apex-Pal International which brought conveyor belt sushi to the masses in Singapore has proven that
      AFP  -  1,012 words
    • 345 14  -  By TEH HOOI LING SHARP corrections in three previously strong performers badly affected the overall value of our portfolio this week. Fortunately, gains by other stocks partly offset the losses. Still, our portfolio ended 1.3 per cent lower. Offshore vessels specialist Ezra Holdings, which
      345 words
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    • 54 13 Cameraman: Fred Scott, Genoa, 29.07.01 1 I The remains of Fred Scott's camera. It survived eighteen armed I conflicts, corrosive spray from the Arabian Sea, the heat of the I GoW and sub-zero Manchuria.The camera Anally met its end I during the riots at the G8 summit mMk Report successfully
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  • ECONOMY WATCH
    • 497 15 But financial markets cannot be complacent, says ECB head Reuters [SYDNEY] The world's top central banks believe that global growth is extremely strong and will be sustained next year, leaving no room for complacency on inflation. Growth worldwide is "very, very dynamic",
      Reuters; REUTERS  -  497 words
    • 318 15 Reuters [BEIJING] China is finding it tough to diversify its US$l trillion stockpile of foreign exchange reserves because the market is fixated on Beijing's every move, the China Economic Times reported yesterday. The newspaper also quoted an unidentified official with the State Administration
      Reuters  -  318 words
    • 344 15 Bloomberg [KUALA LUMPUR] Malaysia's economy may expand faster than expected this year, driven by higher exports and domestic investment, Second Finance Minister Nor Mohamed Yakcop said yesterday. "I wouldn't be surprised" if the economy exceeds the government's growth target of 5.8 per cent,
      Bloomberg  -  344 words
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  • INDONESIA
    • 514 16 Prosecutors want jail term for head of US mining firm's local subsidiary AFP (WASHINGTON] A legal tussle between the world's largest gold producer and Indonesia cast a shadow over US President George W Bush's brief visit to the largest South-east Asian nation yesterday.
      AFP  -  514 words
    • 223 16 Reuters [JAKARTA! Indonesian mobile phone operator, PT Mobile-8 Telecom, set its initial public offer price at 225 rupiah per share, taking total proceeds of the IPO to 877.5 billion rupiah (Ssl49 million). The price was around the midpoint of the 200-240 rupiah
      Reuters  -  223 words
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      2,149 words
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    • 1658 16 CO The Bank of Tokyo-Mitsubishi UFJ, Ltd. And Subsidiaries MUFG Head Office 7-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-8388, Japan. Singapore 9 Raffles Place, #01-01, Republic Plaza, Singapore *****9. CONSOLIDATED BALANCE SHEETS, MARCH 31,2005 AND 2006 R* THE AND 2006 2006 2006 2004 2006 2006 (in millions) finmMion#) Casffand due from
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  • MALAYSIA
    • 684 17  -  Corporate deals on hold are back in play with Dr M sidelined By S JAYASANKARAN in Kuala Lumpur AFTER all the nationalistic hyperbole that emanated from the ruling United Malays National Organisation's (Umno) assembly last week, Malaysia is back in business. Several corporate proposals making
      AFP  -  684 words
    • 368 17 l [KUALA LUMPUR] The Employees Provident Fund (EPF), Malaysia's biggest pension fund, wants to buy more commercial properties to help improve returns and boost its property portfolio, according to a newspaper report yesterday. The fund's property investment ballooned to RM1.65 billion (Ss7o4 million) at
      368 words
    • 106 17 AFP [KUALA LUMPUR] Malaysia's top media group. Media Prima yesterday acquired Big Tree Outdoor, a leading outdoor advertiser to increase its revenue. The purchase of 70 per cent of Big Tree, worth an estimated RM97.2 million (5541.5 million) will contribute 11 per cent
      AFP  -  106 words
    • 245 17 [KUALA LUMPUR] A consortium led by UEM Builders Bhd, Malaysian Resources Corp Bhd (MRCB) and Real Mild Sdn Bhd are believed to have emerged as the frontrunners to bag the RM2.B billion (551.19 billion) contract for the building of the 24-km second
      245 words
    • BRIEFLY ASIA
      • 61 17 Reuters [BEIJING] China will double land use fees for new construction projects from Jan 1,2007 in order to slow fixed-asset investment growth, the Finance Ministry said yesterday. In September, the Ministry of Land and Resources had said the move would increase
        Reuters  -  61 words
      • 72 17 Reuters [HONG KONG] HSBC Holdings pic, the world's third-largest bank by market value, said yesterday it intends to maintain its 19.9 per cent stake in Bank of Communications after the Chinese lender's planned domestic share offering. Bank of Communications plans to sell
        Reuters  -  72 words
      • 34 17 Bloomberg [TAIPEI] Taiwan prosecutors said they are investigating if insider trading in shares of Hsinchu International Bank took place before Standard Chartered pic announced a general offer. —Bloomberg
        Bloomberg  -  34 words
      • 72 17 Bloomberg [MELBOURNE] India's ruling party is trying to win agreement from its four communist coalition partners to ease restrictions on foreign investment in banking, insurance, mining and transport Finance Minister Palaniappan Chidambaram said. The parties have blocked plans to increase foreign ownership of
        Bloomberg  -  72 words
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  • GREATER CHINA
    • 497 18 They say price for Guangdong bank does not reflect its weak financials [HONG KONG] Foreign banks will be allowed access to the yuan retail market from Dec 11, when geographical and business restrictions are removed but Citigroup's purchase of a majority stake
      497 words
    • 418 18 Reuters [SHANGHAI] China's benchmark stock index climbed well above 2,000 points yesterday for the first time since July 2001, as bank shares and other blue chips jumped on the back of massive new inflows of local and foreign money. The rise brought the
      Reuters; Source: Bloomberg  -  418 words
    • 302 18 AFP [SHANGHAII The chief of China's largest futures trading firm is assisting an investigation into alleged graft involving an ousted Beijing vice-major and the head of a convenience store chain, state press said yesterday. Tian Yuan, chairman of China
      AFP  -  302 words
    • 257 18 AFP [HONG KONG] The head of Hong Kong's stock exchange has warned that worsening pollution posed a threat to the city's competitiveness as some expatriates stayed away due to the poor air quality. "You hear pretty often that young people with young
      AFP  -  257 words
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  • INDIA
    • 443 19 It has finalised master franchise agreement with Wal-Mart: report Reuters [MUMBAII India's Bharti Enterprises Ltd is nearing a deal to partner one of the world's biggest retailers, with speculation rife that Wal-Mart Stores Inc may pip UK's Tesco pic to the post. Some local
      Reuters  -  443 words
    • 418 19 2 nations to sign accord to increase investment AFP {NEW DELHI] Chinese President Hu Jintao yesterday began a historic visit to India to improve political and economic links between the two Asian giants and mend fences from a bitter border war 44 years ago.
      AFP  -  418 words
    • 252 19 AP [NEW DELHI] India's UB Group, the country's top liquor manufacturer, is looking to acquire Scottish whisky company Whyte Mackay as part of its plans to boost global and domestic sales, UB officials said last week. UB chairman Vijay Mallya told
      AP  -  252 words
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    • 117 19 HITACHI I Inspire the Next You better watcn out... I V<3 is coming to town. I x r? I .IP- V- -A <*»•« I m* v "a r -V k '.*u I'-;'' ~w«-v f i .,1.'., t<i* >* 4 VK'.~ If N < r Hitachi shares your joyous spirit this
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  • MIDDLE EAST
    • 418 20  -  Kingdom facing shortage of power, water treatment services By HABIB SHAIKH inJeddah PROJECTS worth US$BOO billion are up for grabs in Saudi Arabia, according to a senior official of the Saudi Arabian General Investment Authority (Sagia). The government plans to "divest itself of US$BOO
      418 words
    • 218 20  -  By JEAN CHUA in Abu Dhabi ON his first night in the United Arab Emirates (UAE) capital of Abu Dhabi on Sunday, Minister Mentor Lee Kuan Yew met the Crown Prince of Abu Dhabi, Sheikh Mohamed Bin Zayed A1 Nahyan, for the
      218 words
    • 408 20 AFP [PARIS] Gas-rich Qatar has an embarrassment of riches in its banks and big dreams in its sleep. It may need both if the US$2.B billion invested in infrastructure for the 15day Asian Games is not to go to waste. The tiny Gulf state is
      AFP; AP  -  408 words
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    • 60 20 iiiiiiiiiiiiiiiiiiniiiiiiii jllllllllllllMlM SUgg* great ratio gjgfisiig Meas hruMf i productson 1 J caH 6319 1900 or emaSP* dvert, se@ radio9l3.com and see how we can really push II I I lie hi,,., i iiiifftltllmiliiiiiiiiiii i Radio 91.3 is managed by SPH Unionworks, a subsidiary of GflF Singapore Rnss Holdings -vl
      60 words

  • ASIA-PACIFIC/WORLD
    • 549 21 Takeover deal for copper giant sees Freeport-McMoRan paying US$25.9b Reuters [NEW YORK] FreeportMcMoßan Copper Gold Inc said it agreed to buy much larger Phelps Dodge Corp for U5525.9 billion in cash and stock to create the world's largest publicly traded copper company. The
      Reuters  -  549 words
    • 497 21 LATEST US DATA AP [NEW YORK] An indicator of future economic activity inched higher in October, a private research group said yesterday, suggesting that recent weakness in the housing market hasn't been severe enough to offset lower gas prices and a
      AP  -  497 words
    • 432 21 They will use Internet firm's technology to sell ads on their websites NYT Reuters [NEW YORK] internet media company Yahoo said yesterday that at least seven newspaper groups representing 176 daily papers across the United States have agreed to use its technology to
      NYT; Reuters  -  432 words
    • 365 21  -  By RONNIE LIM AUSTRALIA'S Natural Fuel, which is building the world's largest biofuel plant on Jurong Island, intends to raise AsBo million (5595.8 million) through an IPO on the Australian Stock Exchange. This will help it fund the construction of the Singapore facility
      365 words
    • 502 21 Reuters [LONDONI Asia-focused bank Standard Chartered Pic has announced a surprise shake-up of top management that will see chief executive Mervyn Davies become chairman, while finance director Peter Sands takes over as CEO. The changes are effective immediately and will
      Reuters; FILE PHOTO  -  502 words
    • 214 21 Thaksin's brother-in-law told to pay US$15m in tax Reuters [BANGKOK] Thailand's military-appointed graft investigators ordered former prime minister Thaksin Shinawatra's brother-in-law yesterday to pay almost US$l5 million in tax on shares he bought with money from his sister, officials said. The investigators ordered the Revenue Department to tax Bannapot Damapong
      Reuters  -  214 words
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  • AVIATION
    • 429 22 Company has backlog of more than 1,800 orders for the plane Bloomberg Reuters [TOULOUSE, France] Airbus SAS, the world's biggest planemaker, will boost production of the A 320 family of single-aisle jets to 36 monthly by December 2008 from 30
      Bloomberg; Reuters; FILE PHOTO  -  429 words
    • 428 22 Reuters Bloomberg [BANGKOK] National carrier Thai Airways said yesterday that it expected 2005/2006 net profit to nearly double the 6.78 billion baht (Ss2B9 million) earned a year earlier. "Net profit this year nearly doubled last year's due to more passengers," executive vice-president Wallop
      Reuters; Bloomberg  -  428 words
    • 2063 22 rrrv FLIGHT ETA FLIGHT CTD EMM 1345 EK352 2205 FtJ T A EK348 1645 NZ43S4 2335 lun ACano ,•>«. UL2348 1645 SQ492 2335 H M toW Mil EK432 1940 AF8087 1830 Qf82 2215 O65I —LH9765 1430 L BA7381 1830 LVB770 2350 toSM 1«0 fc 81 1830
      2,063 words
    • 250 22 Reuters [BERLIN] German authorities are investigating a number of people in connection with what they suspect was a foiled plot to smuggle a bomb onto a passenger plane, the Federal Prosecutor's Office said yesterday. German security sources said the plane would have
      Reuters  -  250 words
    • 342 22 Bloomberg [SINGAPORE] Boeing Co, the world's second-biggest commercial-plane maker, said Korean Air Lines Co may add 8777 passenger planes to its fleet and buy more freighters to cater to increased demand to move passengers and cargo. Korean Air, the world's largest air cargo
      Bloomberg  -  342 words
  • Page 22 Advertisements
    • 93 22 BT/ZUJI Deals of the Week I f WRBBHm I I ESS CLASS flromS) I Sydney $2,310 $440 $119 Gulf Air GuHAif i ._j_— ___________J————a———HM Mania $m<Rito*»*i*ei) $246 (Wi»**Ai»fM $97 **< NcwDdM $799 (Air Sahara) $399 (ArSahw) $35 f 1 1 I, Hm iTrimTiißTllMTlMKiffT*' $430 $198 r te^y Tokyo (Norths T
      93 words
  • Page 22 Miscellaneous
    • 151 22 CRYPTIC CROSSWORD 1 Severe piles? Srt diffe^^ (g) dent (8) Across: 7 Figure out 8 Romeo, 10 2 Phoney English 9uy W 18 Wisdom admitting court's 3 Conservatives, say, accepting goodness (8) Tropica!, 22 Tape, 25 Stoned, 26 I have agreement (6) 19 Brave bluster by left? It's all yielding,
      151 words

  • SHIPPING
    • 592 23  -  It buys 20% stake in KL-listed Freight Management Holdings By DONALD URQUHART [SINGAPORE] Mainboardlisted Freight Links Express Holdings continues its expansion into the fast growing chemical logistics business as it focuses on acquisitions and strategic partnerships to further its regional expansion drive. The
      592 words
    • 305 23 AP [FORT LAUDERDALE} A thorough scrubbing of the Carnival Liberty began on Sunday as the ship docked after a virus sickened nearly 700 passengers on a trans-Atlantic cruise. Fourteen guests and five crew remained ill and in isolation when the ship arrived
      AP  -  305 words
    • 195 23 Huge trucks and not container ships took centrestage by the wharves of PSA's Pasir Panjang Terminals on Friday. Several brand new Mercedes Benz Actros prime movers were the focus at a ceremony to mark the handover of a fleet of 46 of them to PSA Singapore.
      195 words
    • 268 23 AFP [WEERAWILA, Sri Lanka] Sri i-»nlrn plans to have a major new port, pledged President Mahinda Rajapakse just as work started on a new international airport to handle the giant Airbus A3BO. Mr Rajapakse marked his first year in office on Sunday by laying
      AFP  -  268 words
  • Page 23 Advertisements
    • 39 23 I 5 rf ine Business Times provides, in-depth business news, analyses nsights And with .in experienced and weil-connected team. we make it our business to help you ihrjve in yours. It t 3D The Business Times FOR DECISION MAKFRS
      39 words

  • EDITORIAL & OPINION
    • 532 24 EDITORIAL AS IF it were not bad enough that Taiwan's President Chen Shui-bian stands accused of embezzlement and forgery, now the Taipei mayor and the opposition Kuomintang's most likely 2008 presidential candidate, Ma Ying-jeou, has apologised for irregularities in the use of a special fund. It
      532 words
    • 775 24  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE ideas of economists and political philosophers... are more powerful than is commonly understood... Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some
      The Washington Post Writers Group  -  775 words
    • 1044 24  - China and Africa unlikely bedfellows Technology is often lacking in many African nations. So before embarking on the road to extract raw materials, China needs to help Africa with its infrastructure first By LYNDA HONG Hindered by vast distance as well as the lack of technology, China and Africa seldom
      REUTERS  -  1,044 words
    • 1073 25  -  Guerilla warfare engenders a price in human casualties that the American public will not pay PAUL SAMUELSON IT IS evident that US voters have turned against President George Bush. At every level of voting incumbent Republicans were on balance voted out of office. Why?
      AFP  -  1,073 words
    • 913 25  -  By HOLLY HUBBARD PRESTON IHT WHEN initial public offerings of shares come to market, individual investors often find themselves playing second fiddle to big institutions. So the opportunity to participate in an equity or debt offering handled via Dutch auction is
      IHT; AFP  -  913 words
    • 297 25  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to media reports that Singapore Post (SingPost) will increase postage rates from Dec 18. The increase is from 23 cents to 25 cents, 70 cents to $1.10, and $2 to $2.20, for domestic mail weighing
      297 words
    • 345 25  -  Peter HL Lim Singapore I WAS delighted when I read Conrad Raj's report, "Fond farewell for a veteran editor" (BT, Nov 17). Editor-in-chief Cheong Yip Seng's quizzical look is iconic. In the many years that we worked closely together, he proved me wrong on
      345 words

  • Page 25 Advertisements
    • 302 25 NOTICE Of APPOINTMENT Of PROVISIONAL LIQUIDATOR AFP INDUSTRY PTE LTD (Co. Reg. No. 19M*****H) 11_ t 1 a i .I n■■ 1 |m I (Incorporated in the Republic of Singapore) Tola notice Rial Mr. Lib Yeong Swig, CPA Approved Liquidator of Kong, Lim Partners, 111 A Telok Ayer Street, Singapore
      302 words

  • 5810 26 SGX MAINBOARD Sd. Comply s£ W- room U*. ct? Wl I J»jj 3.5 1 5716 1st Software 3 +0.5 271 3 3 2.5 3 ij 11.5 6 3148 STwMom 9 u 256 9 9 9 9.5 4.9 2.1 95 J 34.5 22 5834 A-Sonic 27 unch 98 275
    5,810 words
  • Page 26 Advertisements
    • 32 26 Trade from 20% deposit (6 x leverage) on most stocks Go long or short Competitive financing rates in ail markets Access to Asian, US, Euro stocks Select Exchange /ftaded Funds and Indices
      32 words

  • 5813 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local cart l»S$ taUSS dy yr dy yr «»y %yr Nov 17 mdm Chant)* Chang* Chang* Oaw Chang* Changa The World Inda Preliminary 1075.0 -0.4 109 04 7.0 -0 3 1j43 l EAfE Preliminary 1073* -0.6 103 -OS 9.9 -04 174 Europe
    5,813 words

  • Page 28 Advertisements
    • 1236 28 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DD LEADER RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia /w. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN j SAFE DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES n
      1,236 words
    • 423 28 vftv WALLENIUS WILHELMSEN LOGISTICS wobsito: http://www.2wglobol.tom YKSB VOY UW HPGHT IK MAO w nui ATMS 4201 m MM M/ 12 02/01 11/01 15/01 10/01 10/01 UKO AF7OI 4201 mm MM JO/1 J 21/01 30/01 03/01 00/01 00/07 TAtAOOT AF7O2 4001 m IJOI >1/01 00/02 13/02 10/01 l*/02 New Yerti IMW
      423 words

  • Page 29 Advertisements
    • 515 29 WAN HAI INTERNATIONAL PTE LTD **********0/1 jf VT rA .1.111 A I Milrr T1L*****5«8 (MUNIS) FAX:*****163 I \W\WAN HAI LINES 1 V JOH IE: #7) 251W13 HUt (07(BllWt SB1HB1) WMTSFAfcRII) J8X714/IBIJW P www wnnlini (om so *I1B:|H1)nMWIM:W1)IWI«»H«*:7l*a»/71MH (UfcHUTf 1 www.wonnoi.iom.sg |H1) 41 yw RUL |H1) «1 J6TB/«M»8» II WEEKLY EXPRESS
      515 words
    • 777 29 *HOR I IftAM IAAfAH PCI Sl7O 22/11 23/11 02/12 OS/12 06/12 JJ/JJ 15/12 Is/! 2 lIAN SHAHIYAI PCI 5172 2S/11 29/11 OS/12 11/12 12/12 IS/12 20/12 22/12 I IRAN KORDfSTAN PCI >173 08/13 04/13 13/13 >6/12 17/12 _23/13__ I [VESSEL VOY SIN NHAVA SHEVA JBH AU COLOMBO CHnTAOONOI VOY SIN
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    • 428 29 m soasfc WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS Vtssa I VOV |sm I PJOANcIcOIOMPO N.SHEVA COUMMO HQWAHIt BQS7W 71 NOV 22MOV 25NOV 2HWV WOK HffIFBWA TfWWS nnw WNOV o? Dtc 05 DK OJPK mwaUPHI OIO9W 04DK 07OH 10DEC 13DK I7DK uamupui onow hdk
      428 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 4025 30 This ETA ETA Advertiser VMS.I Veyye Telephone I ETA ETA A)MrtlMr Vjwl T jJ^ T g* SIN Dtsfn Mm Mmm Number %**> To DARWIN (DRW) 2104 Australia 08O2 To ABIDJAN (ABJ) 2003 Cote D'lvolre 0502 1602 ngpi chekiang ms *****288 ,on2 28/11 12/01 Delmas
      4,025 words

  • PROPERTY
    • 478 31 Mainland's largest operator plans US$300m offering in Hong Kong [BEIJING] Jinjiang International Hotels Development, the mainland's largest hotel operator, plans to sell about 10 per cent of its US$3OO million Hong Kong initial public offering to the parent of Starwood Hotels Resorts,
      478 words
    • 282 31 PRICES for some redevelopment sites in District 15 look set to rise if the owner of a large freehold site in Amber Road gets his asking price of $24 million. Based on this price, the 22,791 sq ft site, which has
      282 words
    • 785 32 But copycat IPOs likely if its S'pore offering next month is a success Reuters [HONG KONG/SINGAPOREI A property trust of Chinese shopping centres created by developer Capita Land Ltd will encourage copycats if its Singapore initial public offering (IPO) this month is
      Reuters; FILE PHOTO  -  785 words
    • 180 32 THE Urban Redevelopment Authority (URA) launched the hotel site at Staaran Drive for sale by public tender yesterday after receiving a committed bid of $92 million by an unnamed developer two weeks ago. This works out to about $352 per square foot
      180 words
    • 725 33 Average cost of homes in Kensington, Chelsea tops £1m Bloomberg [LONDON] UK house prices rose this month at the fastest annual pace in two years as the average cost of a property in London's Kensington and Chelsea topped £1 million (552.9 million) for the first
      Bloomberg; BLOOMBERG  -  725 words
  • Page 31 Advertisements
    • 259 31 t HBHrue musical. China's Drama Institute juMfiMBBBBRi. VI 1 1 Mik fl vBhB! I' org.**: coOgwiMr Jinnki District, Chengdu, China Product <* ChengDu JinSha Sunbird Pwfoming Arts Culture Co Ltd I <MM<b/)X> OMB||OMI I t' WOSM:I $Itfff •-i;. v I III! illlfniih J The Waterfront Collection r nii»ilrr~- «MM| JjLp
      259 words

  • Page 32 Advertisements
    • 403 32 f M Jones Lang I f xgil/ LaSalle f. I i jfgi Bfj» &f ~....JW I For Sate By Tender I I 2-storey GCBs I Situated on Elevated Plots Land Size From 15,000 sqft 0 "S. /iyMMy'-* f Built-in From 7,100 sqft <***» jF*W« Tender Closing: 6 Dec 2006 j
      403 words

  • Page 33 Advertisements
    • 183 33 Luxury Residential Development Site: Parisian at Angullia Park 4 <|j| 77 Prominent corner location "sr. Site area approx 49,114 sq ft ft/,***** Freehold ratio2.B Upto36storeys /-®5- /V Unobstructed views wrara aut4«miM HMonHoM |McC» /<*/ .UfA Ay 100 m from Orchard Road Pour linwi /Q/ pnn/M r HwppHPpfpn ■■QSSESOHHi Contact: CB
      183 words
    • 66 33 [3E 7~1 GOOD CLASS 4 BUNGALOW IN DlO iJHr SWETTENHAM ROAD Mortgagee's Auction FR EEHOiD 2'^-skxey bungalow with swimming pool Hiand a 2-storey annex house U Site Area: 25,802 sf (approx.) I 30/11/06 Amara Hotel 2.30pm For Lease Office: 355 to 3676 sqft Restaurant/Shop: 334 1136 sqft Next to Shaw
      66 words
    • 451 33 Ttv.c-t iA?e^C/a»vue evreiA, &,yv crtfvStS crj* 6,iac(, jPVUTfc.C'^f *dl tl\.e c,ertc*L*ty evrer^ttut^ vatM «-*> <of<m kv^ecL 4 ■SOHBSH i«L M^BMML y IK 1 M R»H mBAos i9RHiHBP,ur ■pi^v (/Wv.ft.t •TeK^ftK^'i>€'V*? Four Seasons Hotel Rates stait at BED ft BREAKFAST PACKAGE: WHILE STAYING IN THE /ycc T" Sufemo* Room, enjoy beeakfast
      451 words
    • 22 33 Lianhe Zaobao NTU's Mayor class graduate I Vice Mayor I lofßaiShan I I City Jilin I I backto I I Singapore I
      22 words

  • Page 34 Advertisements
    • 322 34 i .V--' 1 > m-l t Looks like another typical day in your IT department. Ipl. Iff 5? &> i. '7'. W f %0 r\ It's time you tamed your IT system. Is your IT servers provide the most efficient server staff spending long hours dealing with rather solutions for
      322 words