The Business Times, 22 November 2006

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Total Pages: 32
1 32 The Business Times
  • 21 1 THE BUSINESS TIMES JD Wednesday, November 22,2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006
    21 words
  • 726 1  -  Redevelopment of en bloc sites set to squeeze supply, but there could be mitigating factors By KALPANA RASHIWALA [SINGAPORE] The redevelopment of collective sale sites sold in the past two years could shrink the supply of apartments in 10 sublocations in the
    726 words
  • 140 1 STI 2,802.88 (+31.47) ST INDEX FUTURES 2,803.00 (+31.00) siMsa 341.61 (+3.96) SIMSa FUTURES 341.90 (+3.40) MARKETS Tuesday Change KLCOMP 1.036.16 +2.64 NIKKEI 225 15.734.14 +&20 HANG SENG 19.008.30 +53.67 SET INDEX 724.64 -1.73 JAKARTA COMP 1.681.34 -2.67 MANILA COMP 2.825.41 -17.90 SEOUL COMP 1.405.90 +3.69 SHENZHEN B 357.56
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  • 622 1  -  Mitsui employee in trouble after wrong bets on naphtha futures By RONNIE LIM [SINGAPORE] Local markets have been shaken by another «rogue shock the tiilrd "after the Nick Leeson affair at Barings and the scandal at China Aviation Oil (CAO). This time, a trader
    622 words
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    • 13 1 apt xLc!.® o o M fIT|M9H New York sales iLJEw WBr page is
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    • 36 1 COMMENTARY How warrant issuers make money PAGE 10 BIH EXEC MONEY A business touch to philanthrophy PAGE 31 < Living with inflation of expectations PAGE 33 Tricky time to choose between bonds and money funds PAGE 32
      36 words
    • 262 1 BID TOR I3|ssi| I Nasdaq undeterred fj| by obstacles PAGES 3> 18 ft* jj x *<j e »3T«* '*-.>> > MOTORING ComfortDelGro on course to become worid No 1 PAGE 30 mammmmmmmmmmmmm 1 t /.a fa,, 'j"? ft" Vi i ifc HHHHHHBHHHHHHHHHI gj ---irwiK-- n ,4nr i I I r
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  • TOP STORIES
    • 380 2  -  Accolades also go to Coffeemix's David Teo, RSH's Jagdev Singh Gill By WEE LI-EN JSINGAPORE] UOB banking magnate Wee Cho Yaw yesterday received a major award for his contributions Jo the banking sector. He was presented with the inaugural Credit Suisse-Ernst Young Lifetime
      ARTHUR LEE  -  380 words
    • 557 2  -  Rivals agree not to hire S'pore lenders' staff, says report By WONG WEI KONG No poaching Signs usually apply to highly prized and endangered Species. But private bankers appear to be falling into that category too, as fierce competition for scarce
      557 words
    • 513 2 40% of small-biz owners will hand control to managers IN a break away from Asian tradition, a significant 40 per cent of Singapore small business owners say that the reins of their company will be handed over to professional managers. Only one in five (22 per cent) will
      513 words
    • 511 2  -  Shortage of risk management talent a problem: report By CONRAD TAN [SINGAPORE] Asian banks face greater challenges than their US and European counterparts in meeting new regulatory requirements under the Basel II framework, according to a new report. The report, commissioned
      511 words
    • 664 3  -  Only 22% will pass company on to children, survey finds By NANDE KHIN [SINGAPOREI Forty per cent of Singapore smallbusiness owners say that control of their companies will be handed on to professional managers. In a break from tradition, only
      664 words
    • 488 3 [DUBAI] Nasdaq Stock Market Inc may consider raising its bid for the London Stock Exchange if the LSE recommends an offer at a higher price or a rival bid emerges, the president of Nasdaq International said yesterday. Nasdaq, which holds a
      488 words
    • 425 3 Freight forwarders lament lack of security; prime minister disappointed [KUALA LUMPUR] Monday's multi-mil-lion-dollar robbery of microchips in Penang, considered the country's biggest heist, would damage Malaysia's investment climate, freight forwarders warned yesterday. "It will create a negative image about Malaysia among investors.
      425 words
    • 668 4  -  By KALPANA RASHIWALA The Cairnhill area Ihas seen more than 10 en bloc ■•sales in the past two years the ♦greatest number for any sublocation in a prime district, accordting to CBRE's analysis. This implies the area should
      ARTHUR LEE  -  668 words
    • 326 4 More private developers to be allowed to build, sell public homes Reuters •[SINGAPORE! Minister for National Development Mah Bow Tan said he saw no signs of the property market price gains were sttff3aSdy confined to the high-^KU^xu^y 5r u. JMV segment and these
      Reuters  -  326 words
    • 482 4  -  War 'not ruled out' if Iran insists on making N-weapons By JEAN CHUA in Abu Dhabi THE Middle East and the rest of the world needs the United States as a "stabilising force", without which the world would be a
      482 words
    • 163 4 Bloomberg [TEHERAN] Iran signed an agreement on Monday for the construction of a US$3OO million refinery in Singapore, Iranian Deputy Oil Minister Mohammad Reza Nematzadeh said at an oil and gas conference here yesterday. Iran will hold a 30 per cent stake
      Bloomberg  -  163 words
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  • COMPANY NEWS
    • 316 6  -  By ARTHUR SIM THE waterfront lifestyle is set to get a boost from Keppel Land's $30 million Marina@Keppel Bay, slated for completion at the end of next year. The marina on Keppel Island will be able to accommodate almost 200 yachts, with
      316 words
    • 477 6  -  False rumour on Internet about CAD raid had sent shares diving in 2004 By WONG WEI KONG A MAN accused of posting false information on the Internet about a police raid on a locally listed IT company in 2004 was acquitted yesterday
      477 words
    • 375 6  -  By CONRAD TAN MEDICAL device maker LMA International has sued European rival Ambu in the Netherlands for alleged patent frifringement involving the design of its laryngeal mask airway products. The suit comes three months after LMA won a similar legal action against Ambu
      375 words
    • 728 10  -  HOCK LOCK SIEW By R SIVANITHY ONE of the biggest misconceptions among retail investors when they consider trading warrants is that issuers bet against the investing public, and thus make money at the public's expense. Thanks to the educational efforts of the Singapore
      728 words
    • 374 10  -  By MATTHEW PHAN SOCIETE Generale (SG) yesterday announced the launch of call warrants on three stocks OverseaChinese Banking Corporation (OCBC), Singapore Press Holdings (SPH), and the Singapore Exchange (SGX), while Deutsche Bank said that it was issuing call warrants on Neptune Orient Lines (NOL). For
      374 words
    • 5106 10 UNIT TRUSTS FUNDS AB Amer Income A USD f-6# Z AB Amer Income B USO f.6» DWS AB Amef Income A EUR 6-79/ OWS ABN Amro Asset Mgt (S'pore) AB Amef Income B EUR 6.79/ 0W5 Star Euope Eqty!** 1-017/ AB Europ kicome Opp AT SGD 15.02/ DWS Star Eixope
      5,106 words
    • 675 11  -  But stock faces sharp downside of 30 per cent if company loses By DANIEL BUENAS MERRILL Lynch has tipped Genting International as having a 7 5 per cent chance of winning the Sentosa integrated resort bid, although the investment bank report
      675 words
    • 174 11 IPO WATCH Reuters THE order book for the initial public offering of Indonesian conglomerate Lippo Group's property trust is five times covered, a source close to the deal said yesterday. The source also said that the deal would be priced today. Jakarta-listed Lippo Karawaci, one
      Reuters  -  174 words
    • 266 11 ASCENDAS Real Estate Investment Trust (A-Reit) yesterday said it will develop a partial build-to-suit distribution facility at Changi LogisPark (North) with Zuellig Pharma as its anchor tenant. The proposed project is expected to cost about 5532.5 million with completion slated for early
      266 words
    • 443 11  -  By ByOUR BANGKOK CORRESPONDENT SINGAPORE-LISTED Total Access Communications Pic (TAC), Thailand's second largest mobile phone operator, yesterday said it was putting off its planned listing on the Stock Exchange of Thailand (SET) as it tries to comply with regulatory issues involved with delisting
      443 words
    • COMPANY BRIEFS
      • 39 11 COSCO Corporation yesterday said that Temasek Holdings' deemed stake has been pared from 8.99 per cent to 7.52 per cent following a series of transactions by Temasek-linked companies including DBS and SIA.
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      • 61 11 MEGHMANI Organics has clarified that its managing director's statement in yesterday's BT that the company's Q3 revenue is "very likely" to cross the one billion rupee (S$34.8 million) mark was made in the context of the revenue Meghmani achieved in the past two quarters. Revenue
        61 words
      • 34 11 THE Asia Insurance Company Ltd has bought 994,000 shares in Jurong Cement on the open market, boosting its direct interest from 4.9 per cent to 7.14 per cent.
        34 words
      • 60 11 ALLGREEN Properties has granted an option on the sale of a unit at its Cairnhill 1 Residences project to Funfare Trading Ltd, which is fully owned by Allgreen director Kuok Oon Kwong. The 18th floor unit is being sold at a net price
        60 words
      • 82 11 UIC director Pang Cheng Lian is buying a unit at The Regency Tiong Bahru. The sale price for the 12th floor unit is about $1.2 million under a deferred payment scheme. There was a 2 per cent discount for UIC directors and
        82 words
      • 26 11 ASIAMEDIC chief executive officer Victor Chua Beng Khoon has resigned, effective Nov 17. Executive director Andi Solaiman is acting CEO.
        26 words
      • 68 11 CREATIVE Technology said its chairman and CEO Sim Wong Hoo will donate his own car, a Lexus LS43O, as the grand prize for the lucky draw at a charity drive. The company starts its marketing and promotion campaigns from Nov 24 to
        68 words
      • 52 11 ADVANCE SCT Ltd says it has placed up to 44 million new shares, about 20 per cent of its total shares, at 50.25 cents each to raise $21.3 million net for future strategic investments and for working capital. UOB Kay Hian is the
        52 words
      • 27 11 PENGUIN Shipyard International is to build four 36-metre aluminium crewboats for two ship owners. The contracts are worth around $20 million.
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  • SINGAPORE MARKETS
    • 503 8  -  STOCKS Index jumps 31 points following market recoveries in Japan, Hong Kong and Europe R SIVANITHY Senior Correspondent THE Straits Times Index yesterday regained 31.47 of the 42 points it lost on Monday, thanks mainly to recoveries first in Japan, then Hong Kong, followed
      Source: Bloomberg  -  503 words
    • 948 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Nov 21 and earlier) Subsarrtial No of Price SHAREHOIWNG Trans Shareholder/ Buv/ Shares Per Beta* After < Stock Date Director Sell 000 Shr < f—) T000) Innovalues Prec 21-Nov-06 Goh Lenq Tse Buy 100 0.85 ***** 14.86 ***** 14.|2 GoodpackLtd 21-Nov-06
      948 words
    • Article, Illustration
      912 8  -  Compiled by MATTHEW PHAN Thai Beverage PCL Nov 21 dose: 550.255 CITIGROUP RESEARCH, Nov 20 Initiate with a "sell/low risk (3L)" rating; target price 550.24: Thai Beverage is the largest listed beverage stock in Asia ex-Japan. Thailand is the third largest Asian market for alcohol consumption (per capita)
      Source: Bloomberg  -  912 words
    • 514 8 CURRENCIES Reuters [TOKYO! The yen inched towards a record low against the euro yesterday, pressured by expectations that the Bank of Japan will raise interest rates only slowly. The yen had got a brief lift after BOJ deputy governor Toshiro Muto told Jiji
      Reuters; BLOOMBERG  -  514 words

  • COMPANIES: CHINA STOCKS
    • 582 9  -  Deal involves backdoor listing of firm if it hits profit target in December By CONRAD RAJ A CHINESE company is the latest suitor for financially troubled media production company Media Stream Ltd. The proposal involves a backdoor listing of Weifang Tonglu Food Co, a
      582 words
    • 221 9  -  By MATTHEW PHAN FIBRECHEM Technologies has clinched a three-year contract to supply microfibre synthetic leather to a Chinese company. It will provide at least 450,000 yards of such leather to XiangDa, a distributor of shoe leather in Quanzhou, Fujian province, every month beginning December
      221 words
  • Page 9 Advertisements
    • 90 9 The NAFA Young Talent Ensemble is performing at Child Aid for the first time. Listen to these young musicians play Vivaldi at Child Aid when they join other talented youths to raise funds for their less privileged peers. "<w H Date and time: b I Bpm, Nov 29 and 30
      90 words
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  • SINGAPORE NEWS
    • 457 12  -  It plans to have 34 F&B outlets on Sentosa that will serve int'l cisines By DANIEL BUENAS KERZNER International, which has joined forces with Capita Land to bid for the Sentosa integrated resort, will spend $2 billion maintaining and refurbishing its
      457 words
    • 290 12 THE owners of Shunfu Ville, an HUDC estate off Marymount Road, are considering seeking an en bloc sale. But unlike the earlier en bloc sales of Amberville and Waterfront View, which involved privatised former HUDC estates, Shunfu Ville has yet to be
      290 words
    • 359 12  -  PROPERTY MATTERS By ARTHUR SIM THE Hong Leong Group has emerged as the highest bidder for a hotel site in Mohamed Sultan Road. Its bid of $45.8 million is about $10 million or 30 per cent more than the second
      359 words
    • 309 12 THE Urban Redevelopment Authority (URA) says that since announcing it would offer incentives for lighting up buildings in the CBD and Marina Bay in March, one application has already been granted. The incentives are in the form of an additional 2 per cent gross floor
      309 words
    • 452 12  -  Foreign wholesale trade rises 7.6% vs 17.4% in Q2 2006 By DANIEL BUENAS GROWTH in Singapore's overall domestic wholesale trade slid to 8.7 per cent year on year in the third quarter, from 18.1 per cent in Q2, according to latest
      452 words
    • 288 12  -  By WEE LI-EN GOOD design can meet unidentified needs and create new demand and markets, Design Singapore's international advisory panel (lAP) said yesterday. The panel also said new designs change the basis of competition,- delivering a "multiplier effect" to businesses through new
      288 words
    • SINGAPORE ROUNDUP
      • 55 12 THE Urban Redevelopment Authority yesterday released details of an industrial site at Sin Ming Lane, paving the way for developers to apply for it to be put up for tender. The 5.13 ha site has a gross plot ratio of 2.5 and a
        55 words
      • 81 12 THE Fort Canning Tunnel is slated to open in January 2007 after three years of construction work. The 350-metre tunnel will provide direct access for cars travelling from Marina Centre and the New Downtown to the Orchard area. A special mining method,
        81 words
  • Page 12 Advertisements
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      756 words
    • 519 12 In the Matter of The Companies Act, Cap. 50 And In the Matter of RHEMAX PRECISION INDUSTRIES PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****2201R) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of
      519 words

  • ECONOMY WATCH
    • 587 13 Investments and exports push Q3 performance 3.5% higher than Q2 Reuters Bloomberg [HONG KONG] Hong Kong's economy grew a seasonally adjusted 3.5 per cent in July-September from the previous quarter its best performance in three years as investment surged and exports
      Reuters; Bloomberg; BLOOMBERG  -  587 words
    • 434 13 Reuters [SINGAPORE] Platinum jumped the most in almost 20 years over 11 per cent and hit a record high of U551,395 an ounce yesterday as funds poured money into the precious metal, driven by talk about the launch of an exchangetraded fund (ETF). Purchases
      Reuters  -  434 words
    • 249 13 Bloomberg [BEIJING] The yuati rose, snapping a six-day decline, on speculation currency gains are needed to keep exports from widening a record trade surplus and fuelling growth in the world's largest foreign exchange reserves. China should change the focus of economic growth so the
      Bloomberg  -  249 words
    • 607 13  -  Nikkei plunges nearly 2.5% on govt's decision By ANTHONY ROWLEY in Tokyo THE Japanese government will downgrade its assessment of the country's economy in its monthly report for November because of weak personal consumption, Japanese media reports said at the weekend. The news hit the
      607 words
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  • MALAYSIA/INDONESIA
    • 597 14 Comment comes a day after Peugeot denies it's buying govt's stake AP Reuters [KUALA LUMPUR] Malaysia's government is open to selling its stake in lossfriaking national carmaker Ptoton to any qualified investor, a senior official said yesterday, a day after
      AP; Reuters; AFP  -  597 words
    • 198 14 [SINGAPQRE] The London Business School Alumni Club Malaysia is hosting a conference in Kuala Lumpur next Monday with the aim of fostering greater cooperation between the business leaders of Singapore and Malaysia. Titled "Malaysia-Sin-gapore Businesses, expanding in Asia: New challenges and opportunities", the event
      198 words
    • 228 14 Bernama [KUALA LUMPUR] Umno Youth official Mukhriz Mahathir has expressed regret over his remark about Abdullah Ahmad Badawi's keynote address when opening the Umno General Assembly last week. In a two-paragraph statement yesterday, he said: "I accepted the disapproval of the Honourable Datuk
      Bernama  -  228 words
    • BRIEFLY ASIA
      • 64 14 Bloomberg [KUALA LUMPUR] Bumiputra-Commerce Holdings Bhd (BCHB), Malaysia's second-largest lender, hasn't sought central bank approval for talks to buy AMMB Holdings Bhd, responding to a report that said it plans to acquire the smaller bank. BCHB "has neither sought nor obtained any such approval",
        Bloomberg  -  64 words
      • 58 14 Bernama [KUALA LUMPUR] Kuala Lumpur was picked as one of the four broadcast centres around the world for Al-Jazeera English over Hong Kong and Singapore, its managing director Nigel Parsons said yesterday. Mr Parsons said the choice of Kuala Lumpur was made for "sound
        Bernama  -  58 words
      • 66 14 AFP [BEIJING] US investment bank Goldman Sachs will buy a 9.98-per-cent stake in China's biggest auto glass maker for 890 million yuan (*****.3 million), state press reported yesterday. Fuyao Glass Industry Group will issue 111.28 million new shares at about a dollar
        AFP  -  66 words
      • 61 14 Reuters [SYDNEY] Australia and New Zealand Banking Group Ltd (ANZ) said yesterday it has acquired a 19.9 per cent stake in China's Shanghai Rural Commercial Bank, paying US$252 million. The investment is ANZ's second in China after it bought 19.9 per cent of
        Reuters  -  61 words
    • 313 14 Four candidates submitted by Yudhoyono Reuters [JAKARTA] An Indonesian parliamentary commission will select two new central bank deputy governors next week out of four candidates submitted by President Susilo Bambang Yudhoyono, the central bank governor said on Monday. They will replace Maman
      Reuters  -  313 words
    • 264 14 Bernama [SERDANGI Prime Minister Abdullah Ahmad Badawi yesterday kept his cards close to his chest when answering questions on the possibility of a Cabinet reshuffle following the appointment of Umno Information Chief Muhammad Muhammad Taib as a senator last week. "Can you tell
      Bernama  -  264 words
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  • Page 14 Advertisements
    • 683 14 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF DMD (SINGAPORE) PTE LTD (Company No. *****Q226M) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named Company, duly convened and held at 138
      683 words

  • INDIA
    • 513 15 Both nations sign bilateral investment protection deal Reuters Bloomberg [NEW DELHI] India and China will work to raise their bilateral trade to US$4O billion by 2010, Indian Prime Minister Manmohan Singh said yesterday after talks with visiting Chinese President Hu Jintao. "President Hu
      Reuters; Bloomberg; AP  -  513 words
    • 147 15 Reuters [MUMBAI] The board of Indian steel maker Tata Sljeel Ltd will meet here tomoVrow where it may consider a revised offer for AnglpDutch steel-maker Corns Group, the Economic Times reported yesterday. "Speculation was rife in investment banking circles that the Tatas would
      Reuters  -  147 words
    • 340 15 Bloomberg [BANGALORE] Infosys Technologies Ltd, India's second-biggest computer services provider, will sell a US$l.6 billion stake in the US on behalf of shareholders in the biggest overseas equity offering by an Indian company. The company will sell 30 million American depositary receipts,
      Bloomberg  -  340 words
    • 242 15 Bloomberg [SINGAPORE] ICICI Bank Ltd, in which Singapore investment company Temasek Holdings has a stake, is seeking a US$l billion loan, the largest ever for India's biggest bank by market value, to meet rising lending needs, bankers asked to provide the facility said. The bank
      Bloomberg  -  242 words
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  • GREATER CHINA
    • 452 16 Venture will be its first major move into generation sector overseas [BEIJING] China Southern Power Grid, the smaller of the nation's two power distributors, has agreed to spend US$9OO million on Vietnam's largest power generation project, marking its first large foray
      452 words
    • 53 16 [&EIJ1NG] Macau tycoon Stanley Ho (third from left) celebrating his 85th birthday with his daughters (from left). Daisy. Pansy. Maisy and Josie. and son Lawrence a ng a ceremony in which he donated HK$2.5 million (S$500.000) to a charity in Hong Kong
      REUTERS  -  53 words
    • 349 16 She wants to be raid interest on US$8m award AFP [HONG KONG] A Hong Kpng banker who won back US$B million from a Latin dance champion and her husband for prepaid lessens she never took has demanded she also be paid
      AFP  -  349 words
    • 129 16 Reuters [BEIJING] Heavy machinery maker Caterpillar Inc said yesterday it is moving its Asia-Pacific headquarters to Beijing from Tokyo. The move follows similar moves by other companies such as International Business Machines Corp (IBM) that are positioning themselves to take advantage of China s
      Reuters  -  129 words
    • 244 16 Demand driven by urbanisation, ready mortgages, growth Reuters [BEIJING] The outlook for the Chinese residential property market in the medium to long term is positive despite inevitable volatility in some cities in the short run. Fitch Ratings said yesterday. Urbanisation, the availability of
      Reuters  -  244 words
    • 350 16 [HONG KONG] A gold depository at Hong Kong International Airport at Chek Lap KOk is in the final planning stages, Airport Authority (AA) chairman Victor Fung said on Monday. "The gold depository would enhance Hong Kong's status as an international
      350 words
    • 275 16 Reuters [BEUINGI US private equity firm Carlyle is investing US$2O million in Time Share Advertising Communication Co, a Chinese outdoor advertising company founded in June 2005, the firms said yesterday. The deal is the latest in a series as the coffers of private
      Reuters  -  275 words
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  • MIDDLE-EAST
    • 509 17  -  Sungwon ties up with Dubai Properties to build projects in region By CLARENCE MICHAEL in Dubai SOUTH Korea's Sungwon Corporation has entered into an alliance with Dubai Properties, a Dubai Holding arm, to invest over US$l.2 billion in property development in the Middle
      509 words
    • 483 17 A 'progressive' nationalisation of workforce intended AFP [DUBAI] The president ol me United Arab Emirates (UAE) has announced plans to gradually replace Asian workers with nationals to redress the huge demographic imbalance in his booming oil-rich country. Sheikh Khalifa bin Zayed A1
      AFP; REUTERS  -  483 words
    • 464 17 AFP [TEHERAN] Almost 10 years after an EU ban rocked the industry, Iran's pistachio suppliers are looking forward to a bumper year and hoping to consolidate their position as the top exporter of one of the world's choicest nuts. Pistachios are of considerable
      AFP  -  464 words
    • 485 17 AFP [KUWAIT CITY] Organisation of the Petroleum Exporting Countries (Opec) member Kuwait, which discovered large reserves of natural gas earlier this year, plans to start commercial production by the end 0f2007, a top oil executive said on Monday. "We expect to start gas
      AFP  -  485 words
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    • 343 17 Fast-Growing Non-Life Insurance Company Our client, a fait growing general insurance company, seeks a highly motivated insurance professional to take up this opportunity and challenge for the key position of: Operations Manager Location: Port Moresby, PNG (Ret 2079) Attractive Salary with Expatriate Benefits V-•** 'l i Reporting to the Chief
      343 words
    • 47 17 MflfOMe I More rooms for I a creative I 1 radial 2 advertising 3«<(0913 J grammes. Radioes ■M advelti'^^T^ K M ranoe of Wlth a H j solutions. "'e creative K Radio 91.3 is managed by. SPH Union works, a subsidiary Of Wtm Singapon Prass Holdings m
      47 words

  • ASIA-PACIFIC/WORLD
    • 850 18 Talk of US bourse bypassing Europe to head directly for Asia AP [NEW YORK] Nasdaq chief executive Robert Greifeld is undeterred by the London Stock Exchange's (LSE) rejection of a US$5.l billion unsolicited bid to buy Europe's biggest equity market. He has
      AP; Source: Reuters Masdaq  -  850 words
    • 475 18 Reuters [LONDON] Shortly after arriving as finance director at Standard Chartered four years ago, Peter Sands said his bank was probably the most invisible company, relative to its size, among UK blue-chips. Rapid profit growth and a series of bold deals have
      Reuters  -  475 words
    • 342 18 SINGAPORE is now ranked the 37th most expensive office district in the world, up from 43rd spot in the last ranking done in May this year. Occupancy cost for prime office space in Singapore rose by US$l7 to U5552.19 per square foot per
      342 words
    • 383 18 Bloomberg [LONDON] Pablo Picasso the auction world's toppriced artist was a loser in this season's New York sales as buyers opted for Gustav Klimt, who was more in the news. November impressionist and modern sales raised a record U*****.3 million, said Sotheby's.
      Bloomberg; BLOOMBERG  -  383 words
    • WORLD WATCH
      • 56 18 Bloomberg [NEW YORK] Bank of America Corp will buy US Trust, the private-banking unit of Charles Schwab Corp, for US$3.3 billion in cash to better compete for wealthy clients against Citigroup Inc and JPMorgan Chase Co. The acquisition will create a
        Bloomberg  -  56 words
      • 43 18 Bloomberg [LONDON] Standard Chartered pic, the UK bank that makes two-thirds of its profit in Asia, said Kai Nargolwala, 56, will take charge of risk management and special assets after Peter Sands was named chief executive officer.
        Bloomberg  -  43 words
      • 75 18 Bloomberg [PARIS] France, the US and five other nations signed a 10 billion euro (Ss2o billion) agreement to build an experimental nuclear-fusion reactor that one day could replace conventional nuclear power plants. The US, South Korea, China, India. Japan, Russia and
        Bloomberg  -  75 words
      • 65 18 AFP [HANOI] Asia Commercial Bank (ACB). Vietnam's largest private bank, made a solid debut on the Hanoi stock exchange yesterday after the successful listing of 110 million shares. The bank's stock opened at 105,000 dong a share at the Hanoi Securities Trading Centre and
        AFP  -  65 words
      • 60 18 Bloomberg [SYDNEY! Australia's anti-trust regulator Graeme Samuel rejected calls to intervene in a spate of media transactions, saying concern of the deals curtailing competition is based on "introspective navel-gazing". Media proprietors Rupert Murdoch, James Packer and Kerry Stokes have led US$6.7 billion
        Bloomberg  -  60 words
      • 53 18 AFP [SAN FRANCISCO] Internet campaigners on Monday welcomed a California court ruling that protects service providers and online publishers against defamation lawsuits for posting content written by someone else. The California Supreme Court overturned a lower court decision in a
        AFP  -  53 words
  • Page 18 Advertisements
    • 58 18 ■E3K%,Xk m I Your kid is ready for preschool, and youVe J I wondering about the choices out there and I the preparations you need to do. Have your I I queries put to rest with the latest issue of 1 the annual Young Parents Preschool Guide, which is now
      58 words

  • FOCUS: OUTSOURCING
    • 874 19  -  The country is getting more attractive as a call centre destination, reports DONALD GREENLEES DONALD GREENLEES IHT [MANILA] AS INDIA moves more upmarket in outsourcing, the Philippines is fast gaining a share of the cus-tomer-contact call centre business. It might be low-end and low-margin, but for
      IHT; FILE PHOTO  -  874 words
  • Page 19 Advertisements
    • 156 19 B I H mS n I DON'T YOU THINK SYAHID DESERVES lv f your support? I With to a WF 100 difference to 9,000 young lives, especially excel J B' despite the odds.Syahid is not only a top student.He is also a promising s K: gymnast. And his biggest dream
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    • 176 19 ••ofooseo 1 Ask about our I 1 fabulous I fl advertising I {rates t 2 team. A new sound. fl anrt a host of exciting new A Immes Radio9l.3 is K m advertising m«eage ft J wide range of o( emai K M s!LfSi@radlo9l3oom, adV objective W I tell us
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  • AVIATION
    • 465 20 Aircraft was overweight by as much as 5.5 tonnes, client says Bloomberg AFP [PARIS] Airbus SAS, the world's largest maker of commercial planes, said that it had reduced the weight of its A3BO superjumbo enough to meet its promises to customers. The
      Bloomberg; AFP; AP  -  465 words
    • 618 20 Bloomberg [SEOUL] Korean Air Lines Co, the biggest international cargo carrier; ordered 25 Boeing Co planes, its largest purchase, as air traffic in the Asia-Pacific region outpaces the rest of the world. The carrier plans to buy 15 passenger aircraft and 10 freighters. for
      Bloomberg; AFP  -  618 words
    • 296 20 AP Reuters [HONG KONGI Cathay Pacific Airways said yesterday that it would begin codesharing with newly acquired Hong Kong Dragon Airlines on their flights to .several Chinese and Asian destinations in December. This will give Cathay customers greater access to the Chinese gateway
      AP; Reuters  -  296 words
    • 218 20 Bloomberg [LONDON] The Civil Aviation Authority (CAA), the United Kingdom's aviation regulator, said that it will end regulation of long- haul air fares because of increased airline competition. From Dec 1, the CAA will stop regulating long-haul fares other than from the UK
      Bloomberg  -  218 words
    • 2060 20 on a*" r* SIS SU? mo aaar JSSHg sis i I!-i sa asss g%ss A««t«*«» L g«3! 06« 1( 5J* SQ375 0590 WXM» 0010 0645 IO4032 2345 KZ4S55 0715 EK405 0220 1 KM* jg*f 5Q491 0715 EMM 0250 MKMHH# SQ7?g&-Sg| E K404 1145 EKJ0S0 0530 Auckland
      2,060 words
  • Page 20 Miscellaneous
    • 182 20 CRYPTIC CROSSWORD (8) YESTERDAY'S SOLUTION gined plane (4,4) 14 Bewitches me twice round Across: 7 Simulate, 9 Enigma, 10 3 The Bear\o era adapted to the section's the lifts (10) Dice n inflection, 12 Meanly, 14 such an organism (8) 16 Divinity is the subject of study Reloaded, 15 Slight,
      182 words

  • SHIPPING
    • 679 21  -  EC ushering in a new environment for liner shipping, says Asian Shippers' Council By DONALD URQUHART [SINGAPORE! The debate over what, if anything, should replace the block anti-trust exemption for liner shipping conferences continues, with stakeholders submitting their comments on a European
      REUTERS  -  679 words
    • 416 21 Shipping line acts in response to 4 accidents this year Bloomberg [TOKYO] Mitsui OSK Lines Ltd, Japan's second-largest shipping line, said it will retrain 6,000 seamen, revise operating manuals and reinforce old vessels to improve safety after four accidents this
      Bloomberg  -  416 words
    • 282 21 AFP [MANILA] A barge carrying debris from the Philippine's worst-ever oil spill has sunk in rough seas off the southern island of Mindanao, officials said yesterday. The barge sank on Monday night off Misamis Occidental province carrying 59,000 sacks of rock and sand,
      AFP  -  282 words
    • 272 21 SGX 000 Ho» 21 SS +1- Vol CH Offshore .0.40 i™h ~962 ChuanHup 0.31 unch 1891 Cosco Corporation .2.01 0.02 5749 CWT Distribution .0.57 -0.02 132 Ezra Hldgs 3.56 unch 976 Freight Links 0.08 0.01 295 Grand Banks Yacht .0.86 unch 51 Java Holdings 1.42 0.02 1037 K1
      272 words
    • 321 21 Chemical tanker sustains damage, but crew unhurt AP [TOKYO] A Japanese submarine collided with a civilian vessel carrying chemicals during exercises off southern Japan yesterday, causing some damage but no injuries, officials said. The Maritime Self-Defence Forces submarine brushed against a tanker carrying chemicals as
      AP  -  321 words
    • 681 21  -  By DAVID HUGHES [LONDON] A move to make the entire world merchant fleet switch from residual to the much more expensive distillate fuel made considerable headway at a recent meeting in Oslo of a working group on air pollution of the International Maritime
      AFP  -  681 words
  • Page 21 Advertisements
    • 18 21 International Ship Classification INJ^GRITYSERVIC^UAUTY Keeping you ISCIasS at the forefront of maritime safety, security and BngSSfl environmental protection
      18 words

  • EDITORIAL & OPINION
    • 460 22 EDITORIAL THE number of times Singapore officials including the prime minister, minister mentor and senior minister have been visiting the Middle East in the last couple of years is one index of the increasing importance of that region to Singapore. Alongside China and
      460 words
    • 1060 22  -  The conventional wisdom is that this team of Wise Men (and one woman) will eventually come up with a policy that will advance a realistic approach to protect US global interests LEON HADAR Washington Correspondent IF THE Man from Mars were to land in
      AP  -  1,060 words
    • 774 22  -  THE BOTTOM LINE FRANK CHING LESS than two months after Junichiro Koizumi stepped down as prime minister, China-Japan relations have improved dramatically and, according to a senior Chinese official, are again "back on track". While there were no high-level visits during
      774 words
    • 887 23  -  The battle between India and Brazil for steelmaker Corus highlights the growing domination of emerging economies By ANAND GIRIDHARADAS IHT Global deal-making used to be dominated by the usual pinstriped suspects in places like New York, London and Tokyo. But it could be a
      IHT; AFP  -  887 words
    • 900 23  -  By FRED HIATT LAT-WP JAPAN has embarked on a path no developed nation has ever followed of sustained and inexorable population decline. Japan won't be alone, of course. Italy, Russia, South Korea and many others also will get smaller. The United States is the exception among
      LAT-WP; REUTERS  -  900 words
    • 397 23  -  LETTER TO THE EDITOR Tay Boon Sun for Director, Corporate Development Housing Development Board I REFER to the letter "High time to rethink home loan policies", by Mr Leong Sze Hian (BT, Nov 9). HDB continues to provide concessionary interest rate loans
      397 words


  • 7276 24 SGX MAINBOARD T ransaction date: Nov 21 9 52-WV Tel Vol D<* W "53 jS High Low Cod* Company M« COOP) High tow Hyr So—r cw Lii 2=- -2X: 3.5 1 5716 1st Software 2 5 -OS 60 2 2 ,j j 10 «5.5 11.5 6 3148 STetecom
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  • Page 24 Advertisements
    • 75 24 4>. THE EDWARD PIGUET WATCH ifJH THE b,rth oFA great date AUDEMARS PIGUET IiBIBIW le maitre de I'horlogerie depuis 1875 11 BI B^B B finc watcm£S V IMIBHMwKPPy HUton H<*H Tat: 6738 »71 Ng*#AnnC*yT<M:6733oolB Lucky Plaza Til: 6737 4648 Suntoc City Mall Trt: 635T5150 VfcfoCßy T®i 6278 169® '"JSSfgjapfcw' 'Jios:-~
      75 words

  • 4827 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES %dy U" *dy Nov 20 Index Change Change Change Charge Change Change World Index Preliminary ***** -0-1 10-9 42 LQ Feafe Prefcninarv 1067.6 -OS 9.7 ;06 93 1|7 Ciinyp Preliminary 1472.1 02 U3 02 34? PacX me -22 0.4 -2.5 -M -2-5 )2
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  • Page 26 Advertisements
    • 1175 26 UK CONTINENT SERVICE U.S.A SERVICE r-iiiuitinn Destination DD LEADER RDM/ATW/BMN/TLB/NAN MAURA CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia LqqJj E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE REJS.EA. SERVICE r Destination I~T~ ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN i' j safe DBI/ABU/DOH/BRN/DMM/KWT I I Loads Singapore, E./W. Malaysia, Indonesia _J
      1,175 words
    • 595 26 lßmmmow««vKi VKSa/VOT »Wqm HBGHTW KG KOj 10 JSL is/11 77/11 0 X 30/11 02/12 sasss lils I JLi^—Li^_ auitrauan RORQ service X- j= M —Si —IT latl la 1 VBSa/VOT OAMPQCT) HBGHHM)| U» _9jj jg STD ML _2L_ KNTiwifiDn A»r 100 Si 2f-2f/10 01-01/11 12-12/11 14-14/11 14-17/11 10-10/11 23-23/11 30-30/11
      595 words

  • Page 27 Advertisements
    • 812 27 WAN HAI INTBtNATIONAL PTE LTD at NO mwwooo/l V®\WAN HAI LINES SSrS'i JOHI* (07) 2511»n HUL (07)231»»21 Ml* Wl) CTM7S fU: (031) W1714/ WIJK mifcmi)nMl»HULl«l)nW«»nM«:7H»o/7H»I WfcTlttT* www.wanhai.toiii.S9 Ea7'T"sTa Ealßl* ss 3$ ®s $1 a "J, \ZZm SS ml wn t&\ Z\ $2 A J" mi jwiIMHH I M 173 22/12
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    • 846 27 TFjn EASTERN CAR LINER, LTD I \y 1» j SPECIALIZE IN ROUP HEAVY LIFT UPTO 450 TOWS Ss£sw vot 1 |uhn sw irr mm) r«uw) ww jp jw itu_ nw* SMS ~t r 1 Sen ilr-§--nrs-=-3!r:^^=Sw™====-^— g b —ir-r--fe~aiE^:—=_3B:3B:^-——-— e— ME= 3EEE-T- ®E 30E EE 302= 2E S 3HE 305=
      846 words
    • 502 27 <§) ii giFA WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS mwa I VOT I SW I PJQAM6 COIO—O M-SHPtt COiMMO HOKWW 00S7W WW BWW »WW WWW MOK tOttfHHHM ttWWS MHO* »IW «0K OSOK WNIUM OIQWf I MOK I 07DK HWt '30K "OK also nawim
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6971 28 This ETA ETA jUlmithw VmmI Voyif Telephone ETA ETA Adveraer *"JJ JueSer NaSer SIN Dm?* Ham* Mmm Nuwbar Numb* mmm^ggiimm J^^ m 06/12 11/12 PACCCont PAC PALAWAN WON *****6S5 TO ABIDJAN (ABJ) 2003 Cot* D'lvoire 12/12 16/12 Motrins ASIA EXPRESS I 264A *****776/86 v
      6,971 words
  • Page 28 Advertisements
    • 453 28 [VESSEL VQY PKL 1 SIN KARACHI 1 PXB 1 BAB 1 PMM BIK KHOt iaiy i4iiAKi pcl 8170 23/11 24/11 ©3/12 06/12 07/12 13/f2 IS/12 17/12 PCL 872 5/11 29/11 08/12 11/12 12/12 18/12 20/12 22/12 < IRAN KQRDESTAN PCI »173 06/12 07/12 16/12 19/12 20/12 26/12 21/12 30/12 VtSSEI
      453 words
    • 111 28 Illlliiiiii ISHSIIp ||jl Iff] I] |f fe: ~y p.trfßi r>> 7 I If-'lf'' 1 EBii— mB— jfiC —jPf~~fjii~ hwnSE Irwx/iw n/it iyn w/Q' I J »;-ss!P SUSSS. x$E~. »sr.|v ~E- stiHs; tti IsSfsmm s»* fe SSiT" KZMimii a/ii Sot I oyi» 1 lyyOM-HOOMf iqrr ST»Q«-S»UN»KV«U/PWIOMW«I-«OIIOICHU h Ig I sn—I —S%T~
      111 words
    • 266 28 CONVENTIONAL SERVICE DUBAI DAMMAM LOADING ON 22ND NOV rmnMRO LOADING ON 24TH NOV CHENNAI MUMBAI LOADING ON STH DECEMBER ImILORfiMV^TIbNGROUpI (sma i9;o) OWNS A OPERATES THI YOUNGEST FLEET WITH TWILVI 7,000 DWT TWEEN DECKERS COVWNO I THE ENTIRE ASIA PACIFIC PORTS MOULM WMKLY SiRVKfSi KAOHSIUNO A CHINESE PORTS, HONO KONO
      266 words


  • MOTORING
    • 756 30  -  It's expanding while current industry leader is consolidating By SAMUEL EE COMFORTDELGRO'S rapid expansion in recent years has resulted in a steadily growing geographical footprint and much-needed economies of scale. Its strong progress since the merger of the Comfort Group and DelGro
      FILE PHOTOS  -  756 words
    • 389 30  -  By SAMUEL EE CHEVROLET is giving new meaning to the term "roadshow" with its latest showroom on wheels. Called Chevrolet on Tour, this mobile showroom is actually a 24-foot box lorry that opens up into a showroom complete with a green Chevy Spark minicar
      389 words
  • Page 30 Advertisements
    • 77 30 "\K, S 'S'■ y *J< -*V.' aiv 5 "H' ft t ttfeil >-V l4 H9BI I: 1 x m m at m at m- m m m n to- *i HHH sft bbh *»«k»a*x -ata. Jgl Mt ttO. I ,i 3S» I 1 3 '>4Mhl J iaßghta, I, 4H| V
      77 words

  • executive Money
    • 1036 31 LAT-WP ELITE private investors are buying up companies at a record pace, in a deal wave that is raining riches on Wall Street, but also might be raising the risk of a financial bust to follow. On Monday, investors led by Blackstone
      LAT-WP; AP  -  1,036 words
    • 885 31  -  Banks say principles that would apply to market investments can apply to charity as well, reports GENEVIEVE CUA GENEVIEVE CUA THE younger generation of Asia's wealthy is beginning to embrace philanthrophy and that is set to change the approach to giving in a profound way
      885 words
    • 276 31  -  By GENEVIEVE CUA EMERGING markets have recovered to "exuberant" levels, but the run-up is rational from a long-term perspective, says v independent research firm BCA. The MSCI Emerging Markets index looks headed for a fourth straight year of double-digit returns, even after sharp falls in
      276 words
    • 1066 32  -  With signs of prosperity ahead, it makes good sense to have a globally diversified investment portfolio to keep higher cost of living at bay MONEY MATTERS ROY VARGHESE AS THE year winds down, it's time to take stock of the issues on the horizon and
      1,066 words
    • 745 32  -  CHET CURRIER WHICH is the better mutual fund buy right now: A bond fund or a money market fund? That is a basic sort of question that may confront an investor in any financial season. It gets extra tricky whenever the
      745 words
  • Page 31 Advertisements
    • 165 31 The global name CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. (65) 6390 5118 Go long of short of shares on margin, putting up a fraction of the full contract value. igmarkets.com.sq f Share CFDs FX Indices j m Guaranteed market prices, and low
      165 words
    • 9 31 MONEY MAnERS Living with inflation of expectations PAGE 32
      9 words

  • Page 32 Advertisements
    • 506 32 Mfflf I ||K m ii I 11 KiL aaßi -II I JB B Afc' l/cing Equity Linked Notesmßm 9P I -Jl ®£:> I H n vifn'fa msso 000 MBS&M i '""""jMfck minimum. I at flp. v 1 |^^H v,-...-. ,fc, iM»fe^BBIIWH—I mi^m?' v itBBKTMI'" HF 9 1 Buying into an
      506 words