The Business Times, 29 November 2006

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Total Pages: 32
1 32 The Business Times
  • 24 1 THE BUSINESS TIMES ■Hfth annivhsaiy jd SINGAPORE 85 cents online at http://business-times.asialxoiii.sg JT A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Wednesday, November 29,2006
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  • 713 1  -  Super-exclusive haven for billionaires, location for third casino are some possibilities By ARTHUR SIM [SINGAPORE] The Singapore Tourism Board (STB) could launch a Request for Concepts (RFC) for the Southern Islands as early as the first quarter of 2007 setting the ball rolling
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  • 133 1 sn 2,787.81 (-53.13) ST INDEX FUTURES 2.788.00 (-53.00) simsci ***** (-6.68) SIMSa FUTURES ***** (-8.70) MARKETS Tuesday Chang* KLCOMP 1.057.23 -11.06 NIKKEI 225 15.855.36 -30-12 HANG SENG 18.639.S3 -564.46 SET INDEX ***** -733 JAKARTA COMP 1.691.064 -37.849 MANILA COMP 2.779.14 -36.42 SEOUL COMP 1.411.47 -13-66 SHENZHEN 8 362.87
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  • 517 1  -  By R SIVANITHY [SINGAPORE] It hasn't been this bad in some six months, but regional stock markets yesterday suffered the worst one-day fall not seen since May. The battering followed a torrid session on Monday on Wall Street that came on the back
    Source: Bloomberg  -  517 words
  • Page 1 Advertisements
    • 140 1 EXEC MONEY Waxing lyrical about markets BT ONLINE IUIIIIIIIH BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg 8 "187 8 r*****4 or call 6388-3838. True to the Saab Spirit of Giving, you
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    • 12 1 PROPERTY MCL Land top bidder for Holland en bloc site RAGE 11
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    • 62 1 OFFICE SECTOR Merrill Lynch goes big at Harbour Front PAGE 2 INDEPENDENT DIRECTORS In the second of a three-part series, we look at whether k recent changes in regulations have increased the responsibilities of independent directors in Singapore PAGE 8 <I a BT BUDDING ARTISTS FUND Japanese, M'sian entrepreneurs adopt
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    • 9 1 MOTORING YHI ramps up capacity in China RAGE 30
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  • TOP STORIES
    • 341 2  -  By MATTHEW PHAN [SINGAPORE] Social entrepreneurs in Japan and Malaysia have adopted The Business Times Budding Artists Fund (BT BAF) as a model to set up similar charities in their countries, and have signed memoranda of understanding with the Arts House for an
      341 words
    • 605 2 Amount of help lower-income earners need will be a factor: SM Goh The Straits Times THE government has not decided if the increase in Goods and Services Tax will be in two phases or at one go, said
      The Straits Times  -  605 words
    • 530 2  -  By ARTHUR SIM, WONG WEI KONG [SINGAPORE] US financial group Merrill Lynch's plans to build a global support function in Singapore one of three in the world may see it take up the whole of Mapletree Investments' new office building at
      530 words
    • 548 2 Kerzner, Genting spell out details of Sentosa IR plans THE end of the bidding battle for the Sentosa integrated resort is in sight, and as the contenders wrap up their final presentations to the government, all three have started to spell out their concepts. After a media blitz
      548 words
    • 695 4  -  All three bidders wrap up final presentations to govt officials By DANIEL BUENAS [SINGAPORE] The end of the bidding battle for the Sentosa integrated resort is in sight, and as the contenders wrap up their final presentations to the government, all three
      GENTING INTERNATIONAL; KERZNER/CAPITALAND  -  695 words
    • 434 4  - The Ford Holland sold out on launch day By JEAN CHUA [SINGAPORE] Another new housing project has been entirely sold on the day of its launch. All 85 units of Hoi Hup Realty's The Ford Holland were sold out within a few hours of its launch yesterday, with the most
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    • 21 2 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices#sph.com.sg.
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  • COMPANY NEWS
    • 400 5  -  MAS also suspends the licence of the 3 Phillip Securities traders for one year By MICHELLE QUAH THREE Phillip Securities traders have each had to pay a $70,000 penalty and have had their licences suspended by the Monetary Authority of Singapore (MAS)
      400 words
    • 279 5  -  By MICHELLE QUAH THE Securities Investors Association of Singapore (SIAS), which champions minority shareholder rights, has spoken out strongly on the responsibility of independent directors going further than recent official guidance. Referring to what he believes are "growing instances of misgovernance", SIAS
      279 words
    • 676 5  -  HOCK LOCK SIEW By OH BOON PING IS IT worth Creative Technology's while to play second fiddle to global giant Apple Computer? Creative CEO and cofounder Sim Wong Hoo seems to think so. At its recent first-quarter results briefing, Mr Sim told analysts that
      FILE PHOTO  -  676 words
    • 732 6  -  Figure based on market estimates of pre-tax earnings over 3-5 years By KALPANA RASHIWALA KEPPEL Land subsidiary Dragon Land, which has just been renamed Evergro Properties, could be generating about one billion yuan (Ssl9B million) of pre-tax profit over the next
      732 words
    • 388 6  -  By NANDE KHIN SC Global Developments yesterday announced its first move into the Chinese property market a 2,000-unit residential and retail project in the northeastern city of Shenyang through a 60:40 joint venture with a unit of Malaysia's Lion Group, Viroy Management
      388 words
    • 296 6 Bloomberg [SYDNEY] Grand Hotel Group, operator of the Hyatt chain in Australia, plans to liquidate the company after rebuffing a A 5336 million (Ss4o3 million) takeover bid by Singapore's Tuan Sing Holdings Ltd. More than 95 per cent of votes
      Bloomberg  -  296 words
    • 478 7  -  Its high-speed wireless islandwide Internet service will start on Dec 6 By SIOW LI SEN JUNIOR telco Mobile One (Ml) yesterday beat its much bigger rivals Sing Tel and Star Hub by launching Singapore's first highspeed wireless Internet access service, with an aggressive
      478 words
    • 504 7  -  By CONRAD RAJ FRASER Neave (F&N) and Asia Pacific Breweries (APB) have decided to go to court with Dutch brewer Heineken over whose appointee should head their beer operations in China. Trading of shares in F&N and APB were halted
      504 words
    • 436 7  -  By MATTHEW PHAN DARCO Water Technologies is investing US$2O million in its largest BOT project to date, a municipal water treatment plant in Deqing, China. It has also injected nearly US$4BO,OOO into an Indonesian subsidiary and roped in a new partner to help source for
      436 words
  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 677 6 I M ■>■• \jr'"' v if 1 1# p »j1 a chemoil energy limited (incorporated in Hong Kong on 9 October 1987) Company Registration Number: *****1 DEUVERING ENERGY OUR COMPETITIVE STRENGTHS: process aid w* be announced a SGXNET immmM posted on die Wemet atthe SGX-ST website http-flwww-Sgx-comjg on 29 2t06.
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  • Page 7 Advertisements
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  • FOCUS: INDEPENDENT DIRECTORS
    • 1848 8  -  Have recent changes in regulations and listing rules increased their responsibilities? Reports by Michelle Quah MUCH has been said in recent weeks about the responsibility of independent directors, with the discussion even drawing in the authoritative voices of the Singapore Exchange (SGX) and the Singapore
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    • 339 8 Wh.it the law says ijjPLr ,v. f The Companies Act makes ik) distinction between independent non-executive or executive directors: *A director shafl at afl times act honestly and use reasonable diligence in the discharge of the duties of his office." The SGX's position: IDs have the same
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    • 529 8 INDEPENDENT directors (IDs) have rarely, if ever, been prosecuted for corporate scandals in Singapore except for the recent case involving Chuan Soon Huat Industrial Group, where six directors, including two IDs and one non-executive director, were arrested. In recent high-profile fraud cases such
      529 words

  • SINGAPORE MARKETS
    • 897 9  -  CURRENCIES The way things are going, the situation could get even hairier in December LARRY WEE Senior Correspondent AT LEAST three of the key US dollar supports highlighted here a fortnight ago have been trashed with alarming ease since last Friday and, if
      897 words
    • 923 9 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Nov 28 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buv/ Shares Por Bjrfore After Stock Date Director SeH 000 Shr 000 Yongnam Hldgs 27-Nov-06 Tan Tin Nam Sell 1900 0.05 ***** 4.61 8229 3.74 Technics Oil. 27-Nov-06 Lee Choong
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    • 826 9  -  Compiled by MATTHEW PHAN Innovalues Precision Nov 28 close: 89 cents CIMB-GK RESEARCH, Nov 28 OUR recent conversations with the company suggest that it is on track to attain our forecasts and hit record earnings this year, driven by continuous strength in the automotive and OA segments. The
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    • 552 9  -  STOCKS R SIVANITHY Senior Correspondent PUT warrants were virtually the only winners yesterday following the 53.13-points or 1.9-per-cent hammering dished out to the Straits Times Index (STI) and the 565-point or 2.9-per-cent collapse in the Hang Seng Index to 18,639.53. Providing the
      552 words

  • COMPANIES: CHINA STOCKS
    • 347 10  -  Bonds will be placed to Morgan Stanley, UBS, and 2 other US funds By JEAN CHUA CHINA Essence is raising HK$25O million (5549.9 million) by issuing convertible bonds to a group of investors that include investment banks Morgan Stanley and ÜBS to expand
      BLOOMBERG FILE PHOTO  -  347 words
    • 590 10 It says 40% annual growth in next few years 'challenging' Reuters CHINESE handset design firm Longcheer Holdings Ltd says it might not meet analysts' forecasts for 40 per cent annual earnings growth over the next few years, but expects orders in the current year
      Reuters  -  590 words
  • Page 10 Advertisements
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  • SINGAPORE NEWS
    • 512 11  -  Mapletree to include its office buildings in HarbourFront By ARTHUR SIM THE new Vivo City mall has been named as anchor asset for a $2.5 billion mixed real estate investment trust (Reit) which Mapletree Investments says it could launch by the end
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    • 116 11  -  By Arthur Lee RAFFLES Hotel raised some $215,000 last evening at its 15th Annual Christmas Tree Gala Dinner and Auction of eight specially created Christmas trees. Gracing the event were President S R Nathan and Mrs Nathan. The highest bid 0f545,000 was for "Marina Yuletide "(above), the
      ARTHUR LEE  -  116 words
    • 282 11  -  PROPERTY MATTERS By KALPANA RASHIWALA MCL Land is set to increase its presence in the Holland/Farrer roads area after it emerged as the top bidder for the collective sale of Holland Hill Mansions, BT understands. Its $292 million price works out to about
      FILE PHOTO  -  282 words
    • SINGAPORE ROUNDUP
      • 104 11 TOURIST arrivals to Singapore rose 15 per cent year-on-year in October to a record high of 857,000 visitors for the month, according to the Singapore Tourist Board. The good performance was fuelled by the strong 48.8 per cent growth in arrivals from Indonesia due to
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      • 52 11 SINGAPORE'S agreement with Fiji for the avoidance of double taxation came into effect yesterday. The agreement will specify clearly the taxing rights of each country on all types of income earned from Jan 1, 2007. With this latest agreement, Singapore now has (Jpuble taxation agreements with
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      • 44 11 APOWERSERAYAOILTANKING Singapore joint venture will be wound up by year end, PowerSeraya announced yesterday. The venture involved leasing three fuel oil tanks and the use of PowerSeraya's terminal facilities. PowerSeraya is reviewing its future options for the tanks.
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      • 62 11 Woodlands industrial site up for tender THE Urban Redevelopment Authority (URA) has launched a land parcel zoned for Business 2 development—at Woodlands Industrial Park for sale by public tender. The land parcel has a site area of about 1.68 hectares and a maximum permissible gross plot ratio of 1.0 with
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    • 308 11  -  By WEE LI-EN NINE parcels of unrestored conservation shophouses in Kampong Glam were auctioned for $10.86 million yesterday. Three of the land parcels are at North Bridge Road, four at Jalan Sultan, and one each at Arab Street and Jalan Pinang.
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    • 255 11 THE Urban Redevelopment Authority (URA) has awarded the tender for a hotel site at Mohamed Sultan and Nanson roads to Hong Leong group's Republic v Hotels Resorts for $45.8 million or $5,578 per square metre. The tender for the 2,932 sq m leasehold
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    • 358 11  -  By WEE LI-EN CHILDREN'S charity concert Child Aid has raised $390,000 this year, with the latest $50,000 donation coming from gold sponsor Citibank. The tally beats last year's effort of $335,000. Proceeds go to The Business Times Budding Artists Fund (BT BAF) and The Straits
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    • 605 11  -  Deals also struck on expanding ICT, technical cooperation links By CHUANG PECK MING in Doha, Qatar PRIME Minister Lee Hsien Loong kicked off the second leg of his visit to the Middle East yesterday by witnessing the signing of three agreements to
      DESMOND WEE/ST  -  605 words
    • 215 12 Bloomberg VERA Wang, the designer who has dressed Jennifer Lopez and Sharon Stone, plans to generate more than US$l5O million in annual revenue from a wedding business with her partner in a proposed Singapore casino project. Wang has tied up with Eighth
      Bloomberg  -  215 words
    • 570 12  -  LAUNCH OF ASIA COMPETITIVENESS INSTITUTE Set up value-based care system around medical conditions, not hospitals: don Reports by ANNA TEO SINGAPORE can substantially improve its healthcare system and lead the region in moving to a system centred on medical conditions instead of hospitals and
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    • 335 12 ALREADY a classic Harvard case study, Singapore's competitiveness will be one of several study subjects at a new think tank here. The Asia Competitiveness Institute (ACI) a new addition to the Lee Kuan Yew School of Public Policy at Kent Ridge will
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    • 479 12  -  By RONNIE LIM JAPAN'S Mitsui and Co is "still in the midst of investigations" into the cover-up of US$Bl million of losses by a naphtha trader at its Singapore office, a spokesman at its Tokyo headquarters said yesterday, a week after news of the
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  • Page 12 Advertisements

  • ECONOMY WATCH
    • 664 13 OECD also notes that US slowdown is mitigated by rebalancing of global demand and output Reuters [PARIS] The US economy is running out of steam but Europe's resurgence and Asia's awakening will prevent the world's economy from derailing as it did after
      Reuters  -  664 words
    • 401 13  -  By ANTHONY ROWLEY in Tokyo BANK of Japan (BOJ) governor Toshihiko Fukui continued to play guessing games with financial markets yesterday over when the central bank will hike interest rates again, but the tenor of remarks he made to local business leaders
      401 words
    • 276 13 Reuters [MEXICO CITY] Inflation remains a potential problem for the global economy, the International Monetary Fund's (IMF) chief economist said on Monday. "We may not have seen the back of inflation yet," Raghuram Rajan told reporters at a World Bank conference here.
      Reuters  -  276 words
  • Page 13 Advertisements
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  • MALAYSIA/INDONESIA
    • 562 14  -  There's concern if investor interests will be safeguarded if deal goes through By S JAYASANKARAN in Kuala Lumpur THE RM3I billion (5513.2 billion) plan to create the world's largest-listed oil palm company has met mixed reactions in Kuala Lumpur. On Monday, CIMB, Malaysia's
      AFP  -  562 words
    • 167 14 AP [KUALA LUMPUR] Toll rates on five Malaysian highways will rise next year, following the government's decision that it can no longer afford annual subsidies to the private highway operators, news reports said yesterday. If the tolls were not raised, the
      AP  -  167 words
    • 161 14 Reuters I [JAKARTAI Indonesian budget carrier Lion Air is considering listing shares in Singapore and London within the next two years, a company spokesman said yesterday. Hasyim Arsal Alhabsi also told reporters the company had dropped plans to issue bonds to help finance
      Reuters  -  161 words
    • 291 14 Bloomberg [KUALA LUMPUR] Khazanah Nasional Bhd plans to sell as much as RM3 billion (551.28 billion) of Islamic bonds guaranteed by the government to help fund its projects, people familiar with the transaction said. The biggest state-owned investment company may sell 10-year zero-coupon
      Bloomberg  -  291 words
    • 193 14 Bernama [KUALA LUMPUR] Media tycoon Tiong Hiew King— the owner of Sin CheW Media Corporation who also has a controlling stake in Nanyang Press Holdings Bhd —yesterday rejected Sarawakian businessmen Lau Swee Nguong's offer to buy his stake in Nanyang. "I never
      Bernama  -  193 words
    • 206 14 Reuters [KUALA LUMPUR] Malaysian stamped metal parts maker Atlan Holdings yesterday offered to buy the entire business of property firm Naluri Corp for RM435.4 million (*****.9 million). Atlan, which currently has a 38 per cent equity interestin Naluri, plans to acquire Naluri's business in
      Reuters  -  206 words
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  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 82 15 This week, you'll find great company at Sentosa. Asia's most outstanding small and midsized companies, to be precise. Forbes B E I T I UNDER A BILLION Sentosa is proud to host the Forbes Asia Best Under A Billion event an exclusive gathering of Asia's top-performing small and midsized companies.
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  • GREATER CHINA
    • 581 16 Sino Land buys Kowloon site for HK$1.94b at 76% above reserve price AFP Reuters [HONG KONG] Hong Kong's first major land auction in more than a year turned in mixed results yesterday but a luxury residential site fetched a sale price above
      AFP; Reuters  -  581 words
    • 481 16 Reuters Bloomberg [HONG KONG] An 18th century Chinese famille rose "swallows" bowl has smashed the world record for a Qing Dynasty porcelain piece, selling for HK5151.3 million (5530.3 million) at a Christie's auction here yesterday. Christie's said the Qianlong period bowl was the most
      Reuters; Bloomberg; AP  -  481 words
    • 222 16 AFP [HONG KONG] Hong Kong share prices tumbled 2.94 per cent yesterday in a sharp correction, triggered by profit-taking in property after recent rallies and driving the benchmark below 19,000 points, dealers said. They said futuresrelated activity ahead of the November contract's expiry
      AFP  -  222 words
    • 168 16 Reuters [HONG KONG] Chinese fund managers partly owned by foreign firms have grown to account for 30 per cent of the mainland market from zero just four years ago, according to a study released yesterday. Sino-foreign fund ventures now manage about 150 billion
      Reuters  -  168 words
    • 412 16 [Hong KONG] Meadville Technologies Group, a maker of printed circuit boards and laminates owned by the family of Financial Secretary Henry Tang, plans to raise as much as US$2OO million from an initial public offering in Hong Kong next quarter,
      412 words
    • 479 16  -  COMMENTARY JEREMY HUREWITZ in Shanghai CHINA is abuzz with talf of Africa. It has set its sights not only on the continent's energy and minerals as many are keen to point out but also as a way to demonstrate its rise to Great
      479 words
  • Page 16 Advertisements
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  • INDIA
    • 588 17  -  Indian market seen crossing 3.5m cars by 2015, becoming 3rd biggest by 2030 By PRIYANKA BHARDWAJ in New Delhi FOLLOWING on the heels of France's Renault, German luxury carmaker BMW has short-listed at least six models, including four from the top-of-the-line 7
      AP  -  588 words
    • 291 17 Bloomberg [NEW DELHII Volkswagen AG, Europe's largest carmaker, will spend US$53O million to set up a factory in India where it trails General Motors Corp and Suzuki Motor Corp. The company will sign an agreement with the western Maharashtra state today, according to
      Bloomberg  -  291 words
    • 247 17 Bloomberg [BANGALORE] Hilton Hotels Corp, the second-larg-est US provider of rooms, plans to build 75 hotels and serviced apartments in India in a venture with DLF Ltd, a real estate company owned by billionaire Kushal Pal Singh. Hilton, based in Beverly Hills,
      Bloomberg  -  247 words
    • 139 17 Bloomberg [MUMBAI] India's government and the central bank should advise banks on the nation's plan to make the rupee more freely convertible on the capital account, said the chief of a central bank panel on currency convertibility. India will need to make
      Bloomberg  -  139 words
  • Page 17 Advertisements
    • 2027 17 NOTICES Toll free: 1800-289-8822 Email: notices^sph.com.sg i—\ I Commonwaalth Bank of Australia Commonwealth Bank COMMONWEALTH BANK OF AUSTRALIA FINANCIAL YEAR ENDED 30 JUNE 2006 All amounts ara expressed In Australian currency MtCOME STATEMENT Nra>|MfMMNAMINt m»«p M m m intereei income 11,788 ***** njm 13,681 njm I&ZK rum »a« Net internet
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  • MIDDLE-EAST
    • 323 18 It will raise US$10b over 10 years to help meet UN development goals Reuters [UNITED NATIONS] The Islamic Development Bank, based in Saudi Arabia, announced on Monday it would raise at least US$lO billion over 10 years to combat extreme poverty in Africa
      Reuters; AFP  -  323 words
    • 458 18  -  By CLARENCE MICHAEL in Dubai PLANS for Dubai Exhibition World, a new 5J3.37 billion dedicated exhibition destination, have been announced by Dubai World Trade Centre (DWTC). The new centre to be part of Exhibition City, Jebel Ali will be one of the largest facilities of
      458 words
    • 195 18 Reuters {NEW YORK] The Carlyle Group said on Monday it has set up a team to make private equity investments in the Middle East and North Africa, headed by Walid Musallam, the former chief executive officer of the Abu Dhabi Investment Company. A
      Reuters  -  195 words
    • 4637 18 UNIT TRUSTS FUNDS AB Amef Income AT UStf 8.7/ DWS AB Amer Income BT USD 8.73/ AB Amer Income A USD J-69J 0^5 ABN Amro Asset Mgt (S'pora) AB Amer Income B USD J-6* DWS Star Europe Eqty!** AB Amer Income A EUR 6-61/ DWS Star Europe Bond 1.212/ AB
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  • ASIA-PACIFIC/WORLD
    • 532 19 Indonesia will be required to commit LNG supplies to Japan Reuters [TOKYOI Japan and Indonesia agreed in principle yesterday to forge a free trade pact Japan's first to include energy that will eventually end import taxes on more than 90 per cent of
      Reuters  -  532 words
    • 103 19 AFP [PARIS] US architect Thorn Mayne has been chosen to buildParis's tallest-ever skyscraper, rivalled in height only by the Eiffel Tower. "Le Phare" (The Lighthouse), Mayne's 300 m building —a twin structure combining a rectangular base with a soaring, organic-shaped tower was selected by an international
      AFP; REUTERS  -  103 words
    • 622 19  -  It will have more control over state banks to cut abuse By OUR CORRESPONDENT in Bangkok THAILAND'S central bank is to be given more flexibility in regulating the country's financial sector, notably the various specialised state banks, the military-in-stalled government of Surayud Chulanont announced
      622 words
    • 418 19 AFP Bloomberg [NEW YORK] The Nasdaq stock market raised the stakes in its takeover bid for the London Stock Exchange Monday saying it had obtained financing of US$5.l billion to boost its stake in the London exchange. The technology-weight-ed Nasdaq market announced a renewed
      AFP; Bloomberg  -  418 words
    • 246 19 NYT [DEARBORN, Michigan] For the first time in its 103-year history, the Ford Motor Co is mortgaging its assets, including factories, equipment, office buildings, patents and trademarks, and stakes in subsidiaries like Volvo, in order to raise US$lB billion to overhaul itself. The
      NYT  -  246 words
    • 268 19 LATEST US DATA AP [WASHINGTON] In another sign of a slowing US economy, orders for ~|i big-ticket manufactured goods plunged in October by the largest amount in > more than six years, mainly because of lower demand for commercial aircraft.
      AP  -  268 words
  • Page 19 Advertisements
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  • AVIATION
    • 450 20 Previous majority owner had been slapped with US sanctions Bloomberg [SINGAPORE] Singapore Airlines' cargo unit said its China venture has a new majority owner, which may allow it to resume operations after a three-month hiatus in the world's sec-ond-largest aviation market. A 51
      Bloomberg  -  450 words
    • 298 20 Bloomberg [SYDNEY] Toll Holdings Ltd, Australia's biggest freight company, will keep its controlling stake in discount airline Virgin Blue Holdings Ltd following a review of businesses acquired from its takeover of Patrick Corp. Virgin Blue "offered further value enhancement for Toll shareholders",
      Bloomberg  -  298 words
    • 291 20 Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd (MAS), the nation's biggest carrier, posted its first quarterly profit in more than a year after it cut jobs and carried more passengers. Net income totalled RM240.7 million (S$102.5 million), or 19.2 sen a share,
      Bloomberg  -  291 words
    • 354 20 Bloomberg [FRANKFURT] Air Berlin. Europe's No 3 discount carrier, plans to order 60 Boeing Co planes valued at US$4.2 billion after third-quarter profit surged 26 per cent as the airline carried more passengers and added routes. Net income rose
      Bloomberg  -  354 words
    • 506 20 Reuters [OBERURSEL, Germany] DaimlerChrysler chief executive Dieter Zetsche said on Monday he was confident that shareholders of aerospace group EADS would find a way to finance the new Airbus 350 XWB airliner. "We are used to some time of discussion as
      Reuters; AFP  -  506 words
    • 2120 20 aTV nJCNT VTA PLKHT (TD KB59 0755 SQ406 1850 9W1I 1620 9W17 2310 scrssas —vm i«o 1629 "io is ■ss i s:«:st issss Iffi SQi6i_J350 GA840 1630 GA841 1750 L S0323 0645 LEM032 2345 aiM-liE Jggig 0130 |g n SSnB s;s 0130 NZ4385 2100 0715 EK405
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  • Page 20 Miscellaneous
    • 215 20 CRYPTIC CROSSWORD 22 A drop 24 Its unusually valiant for this H 23 H mm countryman (7) 25 National Health made *1111 |j MM M 26 Mind art creates such impresocSr"' n-n n n n n i SSii 8^ tof,^nE t n h W n m 13 Low dive is
      215 words

  • SHIPPING
    • 866 21  -  COMMENTARY The fight against piracy is seriously hampered by the non-participation of Malaysia and Indonesia DONALD URQUHART Correspondent [SINGAPORE] WHEN senior maritime representatives of 14 Asian nations including landlocked Laos meet in Singapore today to officially launch the world's first intergovernmental anti-piracy body, two
      FILE PHOTO  -  866 words
    • 209 21  -  The centre aims to fight piracy in the region By DONALD URQUHART [SINGAPORE] The new regional antipiracy body aimed at information sharing, analysis and capacity buildlug aiawig 111' 14 menitwg Xtttts will see Japanese diplomat Yoshiaki Ito appointed today to head the Singa-pore-based Information
      209 words
    • 979 21  -  STRAIT TALK By DAVID HUGHES CRITCS of the open register system, who of course talk about "flags of convenience", may say it has taken a long time but most major flag states are now pretty good at what they
      979 words
    • 234 21 AP [WASHINGTON] Dubai's DP World will accept final bids within two weeks for the sale of all US$7OO million worth of its US port operations to an American buyer, a plan forced by misgivings about anti-terror-ism security. The US subsidiary for DP
      AP  -  234 words
    • 263 21 Bloomberg [LONDON] Frontline Ltd, the world's second-largest oil-tanker operator, posted an increase in third-quarter profit that missed analyst estimates as more vessels were put in for repair, and forecast a "weaker" fourth quarter. Net income climbed 34 per cent to US$9B.B
      Bloomberg  -  263 words
    • 258 21 MM i m H HMH Nov 28 SS W- Vol CM Offshore .a4t 4XH 1645 Chuan Hup.~~A31 undi 3798 Co«co Corporation .2.13 -0.04 3322 CWT Distribution .0.60 -001 75 EtraHMgs 3*8 -0.06 395 FreightSiia .0.07 -001 377 Grand Banks Yacht 0J6 -0.01 41 JavaHokflnos 1.42 -0.02 1717 K?Ve*£»lL
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  • Page 21 Advertisements
    • 29 21 0 S I If i 8% A j| jg w.m v 10 Anson Road #25-02, International Plaza, Singapore *****3 Tel: +65 6225 0555, Fax: +65 6225 0550, Email: info@kiribaship.com
      29 words

  • EDITORIAL & OPINION
    • 500 22 EDITORIAL IT'S a recurring theme, pregnant with promise but never quite delivered. Now the vision of greater economic cooperation between Singapore and Malaysia has been raised yet again, this time at a seminar in Kuala Lumpur earlier this week that featured the deputy prime ministers
      500 words
    • 792 22  - Hong Kong should keep peg to US$ for now THE BOTTOM LINE ANDY MUKHERJEE Bloomberg THE people of Hong Kong may feel a sense of foreboding as the purchasing power of their money shrinks relative to the currency of mainland China. That isn't enough reason for the city to junk
      Bloomberg  -  792 words
    • 1282 22  -  The writing on the wall has been getting bigger and bolder by the week in recent times. So, those left holding dollars will have only themselves to blame if things turn suddenly nasty ANTHONY ROWLEY Tokyo Correspondent LONG-EXPECTED events are sometimes so long delayed in
      FILE PHOTO  -  1,282 words
    • 1315 23  -  Today, he is more likely to be derided than lauded in Asian business circles By DONALD GREENLEES IHT TO APPRECIATE how far the image of Richard Li has plunged, it is worth remembering that Li, a son of the wealthiest man in East
      IHT; APPLE DAILY  -  1,315 words
    • 262 23  -  LETTERS TO THE EDITOR Ang Hao Yao Singapore RECENTLY, there has been much discussion on the topic of independent directors and their roles. Many of those quoted in the media feel that independent directors Should have duties much the same as those of the non-inde-pendent directors
      262 words
    • 458 23  -  Chong Kee Sen Honorary Secretary The Institution of Engineers Singapore WE REFER to the article "Singapore lawyers the case for higher billings" (BT, Nov 18-19). Your article is a timely reminder to all professionals the importance of aligning market demand to fees. Professional
      458 words

  • Page 23 Advertisements
    • 165 23 HAVEYOURSAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We
      165 words

  • 7220 24 SGX MAINBOARP tod. Company (iff)) Lo» cZ HE ">3 I _M* 35 1 5716 IstSoftware 3 unch 210 3 3 25 3 19 05 479 ui 22 s gas r-T —z=i v I 11 11? 09 J a s as «saag=zr—-« f *> 1 245 155 1938 AEI
    7,220 words
  • Page 24 Advertisements
    • 35 24 Trad© from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in all markets Access to Asian, US, Euro stocks Select Exchange Ttaded Funds and Indices Competitive Commission charges
      35 words

  • 5517 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local am h» dy yr dy y dy %yr Nov 27 lnd«» Chang* Change Ch«i 9 Ch«nq> Chang* Chang* World index 1063.1 -0:9 9l7 -0.9 64 -<19 14,1 t EAfE Preliminary 1053.9 -0.8 83 -0,7 9.7 -a7 17.6 Europe Preliminary 1436.4 -15
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  • Page 26 Advertisements
    • 1130 26 UK CONTINEMT SERVICE U.S.A SERVICE Destination Dcstinotioo DD LEADER RDM/ATW/BMN/ÜB/NAN MATIRA CAM/NFK/NOL/SAV DD SUCCESS RDM/ATW/BMN/TLB/NAN Loads Singapore, E./W. Malaysia, Indonesia lo(X j s E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination T~T~~ ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT j SAFE DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN BRIGHT JDH/AQA/DMT ASEAN GLORY DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore,
      1,130 words
    • 580 26 HB6 KN u» 3! 15 30/11 02/12 45 25/12 24/12 OKWOEXFBSSI2 SO 4J L > OtOM EXWttSS «3 a I <j I I 2£2 uaroro HBCNHW) IP an I stb mm mm "_sg ig__ frm/ll* so 4J 19-19/11 22-22/11 OM3/12 OS4H/12 07-01/12 10-10/12 14-14/12 21-21/12 24-24/12 POSITIVE LEADS/00S 100 Si
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  • Page 27 Advertisements
    • 1007 27 WAN HAI INTERNATIONAL PTE LTD at NO= 144WM000/I TEL *****588 (14UNH) FAX:*****163 W\WAN HA LINES JOHIH: (07) 251»ra HUL (WJ251W31 MM: (831) *****75 HUt (Oil) *****14/ 33*1*5 www wanna' 0 m sd *111(071) *****8FUL181) 52S47HPUIW: 71UI0/71UI1 WL7IU* 1 www.wonnai.com.sg »ift;ioti)4is7i»3Ha;(<iti)4isW7s,«i<?w HSU SW HUG MM WC jWT MB TTO WB H®
      1,007 words
    • 911 27 EASTERN CAR LINER, LTD W 1 I SPECIALIZE IN ROttO HEAVY LIFT WTO 450 TOMS lanu-Asu Sßvia" voy sw fff way) WUW) w 10 111,1 tMQ,NC COSMKMASTH 105 <0 1» M/ll >0/11 H2HI 1 wRg I —ct7TT Tfrr -SBI— QBBnms m«» W' jjlfl? SI —tSCT— Si 88 —±zz±=z IKIISIM™! I
      911 words
    • 728 27 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vissa VOT m I wu* I coiomo lit swv* I coummo tonrawm THDWS aww WWW I WDH 050K WOK mnaußw oiww mok 07dk I ioph i3dk wok UMWHAPUt OIIOW I l?0K i 13QK I I6PK HOK ODK
      728 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6462 28 This ETA ETA Mirtw T ..''Q N2V T £8!r" SM Destn mm tuma UMMMMWW#*MB8«W8BMiBMM8BWii«WBBBWMMRMiiS#BiRRRBBBBRBiB 15/12 1*12 Netmns ASIAEXPWSSI 264A *****776*6 To ABIDJAN (ABJ) 2003 Cot* D"lvo4l* 1B02 21/12 Sinotax GOUJMGArt MON *****516 15/12 21/01 DHmas FLORA DELMAS 702W *****344 20H2 2402 PACCCo* PAC PALAWAN
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  • Page 28 Advertisements
    • 402 28 yrccci Tvoy PKL SM KARACHI D» *AB L_PjM* MK KHOR cmambyab PCI 8172 jiTTI 29/11 08/12 11/12 12/12 16/12 20/12 32/12 IRAN KORDESTAN PCL 5173 06/12 07/12 16/12 19/12 20/12 26/12 2J/12 W/12 PCL 6174 11/12 I 12/12 21/12 24/12 25/12 31/12 02/01 04/01 VESSEL I VOY I SIN NHAVA
      402 words
    • 138 28 8k L Bk— -ffiUs —ffi Sir Si,, ■==ff= Jl p|— 1 iwli ±Hgfcd IBlm —fSSa Bfin Sill jgjW flfr {71;. Siiiiilili rummm <mu*m 31-3MM4A ear 5&8%.. 3=*? aswws ss&sa. t=£=a_J susjk fl^;i,» 111 ,i,, t> „i «—«.f W«h»Dm ww»».yncfi[— Sref-MUAM WIHW IStfoMu OAI M/ 12 BUBSBMMHIBIt BCTAMWt~ OS/l* I Wl
      138 words
    • 248 28 CQHVtHTIOWAL SCRVIQE DUBAI -DAMMAM LOAMNG ON 10TH DECEMBER COLOMBO LOADfrIG ON STH DECEMBER CHENNAI MUMBAI LOADING ON STH DECEMBER [pi. GLORY NAVIGATION GROwl I( sma i«7t) OWNS A OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS ICOVUUNQ THE ENTME ASIA PACIFIC PORTS REGULAR WHBT SERVICES: KAOHSWNO CHINESE PORTS,
      248 words


  • MOTORING
    • 569 30  -  Suzhou plant will almost double YHI's capacity for alloy wheels By SAMUEL EE YHI International has invested a decade of wheel manufacturing experience into a sprawling new factory in Suzhou, China, boasting the lastest process technology for higher productivity and reduced wastage. As a"
      569 words
    • 488 30  -  By SAMUEL EE CYCLE Carriage (C&C) is rejuvenating the Citroen brand and is planning to bring in the complete model range by the French marque said to be the widest in its history. The new Citroen dealer will officially open its showroom on 11
      488 words
  • Page 30 Advertisements
    • 1090 30 S NOTICES BUY !T SELL IT* FIND IT LINDETEVES-JACOBERG LIMITED (Company Registratioo No. *****0172Q) (Incorporated in the Republic o» Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at The Scarlet Hotel, 33 Erskine Road, Singapore *****3 on
      1,090 words
    • 229 30 I NOTICES IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTE* Of SK GLOBAL ASIA-PACIFIC PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Com pony Regislrrtion No: *****1310W NOTICE IS HEREBY GIVEN pursuont to Section 308(1) of the Componies Act, Cap. 50, that a Final Meeting of me
      229 words
    • 36 30 |>\|{ Y<>\ Willi Ol l» l>l < I MHI It ISSl I■'.! I m DON'T MISS I OUR CHRISTMAS I GIFT GUIDE! Y. X Loewe bag, iPod Nano, Elizabeth Arden coffrets, I Olympus camera, and HEAPS MORE! Femaue
      36 words
    • 73 30 liiiiiliilimimiiiiiiiliiii jjlllllHIIIH"" 1 iissss* 1 H great ratfio IIEfiSSS* 1 llptSSms^l IS you are launching a new I II r n 9 Vur company, talk to our brand m newtea matradio g^g II ®319 1900 or emaA 3dvertise@radio9l3.com, IJ and see how we can really push n; your brands with
      73 words

  • executive Money
    • 944 31  -  GENEVIEVE CUA talks to technical analyst David Bensimon, whose market predictions are almost uncannily accurate GENEVIEVE CUA like "beautiful" and "symmetry". Banish any notion of markets as a random walk. Using a blend of technical and fundamental analysis, Mr Bensimon makes some startling calls on markets
      YEN MENG JIIN  -  944 words
    • 467 31 MARKETS will be strong in the next decade, with Asia far outperforming the US; and oil and silver outperforming gold, says trader and analyst David Bensimon. But the near term will see consolidation as markets need to digest recent gains. Inflation will trend
      467 words
    • 346 31  -  By GENEVIEVE CUA FRESH research has found that hedge funds with a physical presence in the region outperform their peers by as much as 5.5 percentage points a year. Assistant Professor Melvyn Teo of Singapore Management University's finance faculty was yesterday
      346 words
    • 1252 32  -  MONEY MATTERS But expectations of a 'perfect landing' could lead to some disappointment and turbulence along the way LIM SAY BOON THE fourth quarter global equities rally I wrote about in this column early August has unfolded pretty much as expected in tandem with
      AP FILE PHOTO; Source: Bloomberg  -  1,252 words
  • Page 31 Advertisements
    • 459 31 rnmmmmmmmmmmmrn r jSWAT Accounting j r-- -I OUTSOURCING -messy" accounts arising from change of systems staff turnover you need short or long-term accounting assistance, for e.g.: inability to meet statutory reporting deadlines I i your staff are on block leave (e.g. maternity leave, reservist urgent need to submit financial statements
      459 words
    • 10 31 MONEY MATTERS Stocks could fly higher in 2007 PAGE 32
      10 words

  • Page 32 Advertisements
    • 402 32 I 1881 1 WHBKT 9H asHnp 44- I fl m wwpi 19 I JH by ji w~ he bottle. I fr |r ing Equity Linked /Votes^^^H minimum. Bp I aHI .a&fc*. 4t f fe. ■H^^HB jfc-^MWM™™B—MM^Mwaattaf:?- HHM^l^—'. «SMfe ffireßKaMßß&^BlMßE«H^Bß!ife^flßE<BßßßM^B^Wß^^l^B^^^B^Mß^^lflßW^M^Eß^B^M^^Bflß^y/ .^^HHK| 1 Buying into an ELN, you are essentially taking out
      402 words