The Business Times, 9 January 2007

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Total Pages: 27
1 28 The Business Times
  • 22 1 THE BUISNESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 202/12/2006 Tuesday, January 9,2007
    22 words
  • 1042 1  -  Opening day of kidney foundation's civil suit proves to be as dramatic as many have expected By MICHELLE QUAH [SINGAPORE] Lawyers for the National Kidney Foundation (NKF) brought a wave of accusations against the charity's former chief executive officer T T Durai yesterday
    WONG KWAI CHOW/ST  -  1,042 words
  • 593 1  -  But minister says he will present draft law to Cabinet By OUR CORRESPONDENT in Bangkok FOREIGN investors yesterday asked Thailand's armyappointed interim government to put off plans for new rules that would amend foreign ownership laws, saying they could force investors
    593 words
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  • TOP STORIES
    • 205 2  -  NKF CIVIL SUIT By MICHELLE QUAH [SINGAPORE] The first day of hearing into the NKF case was not without its light moments. Defence lawyer Chia Boon Teck stood up midway to protest at Senior Counsel K Shanmugam's continuous reference to Mr Chia's clients former NKF chairman
      205 words
    • 384 2  -  Company to buy 20 single-aisle aircraft each from Boeing and Airbus By GEORGE JOSEPH '[SINGAPORE] Singapore [Aircraft Leasing Enterprise •(SALE) under its new owner Bank of China has •placed its largest-ever or[der for planes, worth as •much as US$2.B billion Jbased
      384 words
    • 423 2  -  Firm actively trading from other Asian offices By RONNIE LIM [SINGAPORE] A veil of silence continues to hang over a probe into US$Bl million of losses by a trader at Mitsui Oil Asia (MOA) in Singapore. MOA itself has since stopped trading, but
      423 words
    • 453 2  -  Q1 gain at $112.3 m; 2007 core earnings expected to be satisfactory By WONG WEI KONG (SINGAPORE] Singapore Press Holdings (SPH) yesterday reported a 14.1 per cent rise in first-quarter net earnings, boosted by stronger investment income and a positive operating environment. Net
      453 words
    • 659 2 Top execs of Asian financial firms embrace disclosure TOP executives of Asian financial institutions have come to embrace disclosure, but market reporting standards in the region still have some way to go to reach international best practice, according to a study by PricewaterhouseCoopers. TOP STORIES. PAGE 3 Speculators
      659 words
    • 133 3 STI 3,000.00 (-29.04) ST INDEX FUTURES 3,004.00 (-30.00) SIMSCI 364.05 (-4.74) SIMSCI FUTURES 364.20 (-3.80) MARKETS Monday Change KLCOMP 1,113.02 -7.38 NIKKEI 225 Closed HANG SENG 20,029.66 -181.62 SET INDEX 633.82 +5.63 JAKARTACOMP 1,813.39 19.16 MANILA COMP 2,952.32 -44.07 SEOUL COMP 1,370.81 -14.95 SHENZHEN B 450.79 +8.93 MUMBAIIND
      133 words
    • 433 3  -  Owners are now asking for some $500-600 psf more than what they paid By UMA SHANKARI [SINGAPORE] Speculators are looking to make a quick buck from reselling units at the red-hot One Shenton just days after the project was launched. Both investors and agents
      433 words
    • 695 3  -  But market reporting standards have yet to reach international best practice By WONG WEI KONG [SINGAPORE] Top executives of Asian financial institutions have come to embrace disclosure, but market reporting standards in the region still have some way to go to
      695 words
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  • Page 3 Advertisements
    • 735 3 LYXOR Oracle Series The S&P All STARS Global Income Funds (sgd/usd) Lyxor Funds Results Powered by Innovation For more information on the Funds, please speak to our UOB Personal Banker at any (JOB Group branch today, call 1800 2222 121 or log on to www.uobgroup.com Distributed by: Managed by: JUL*
      735 words

  • COMPANY NEWS
    • 758 4  -  HOCK LOCK SIEW By MICHELLE QUAH COMMODITIES trader Noble Group recently announced the resignations of its non-executive chairman and one of its non-executive directors. Explaining the move, it said the decision was reached "amicably and by mutual agreement", as a result of
      758 words
    • 280 4  -  He ceases to be substantial shareholder of firm By DANIEL BUENAS BUSINESSMAN Oei Hong Leong, seen by some market watchers as an investor with the Midas touch, has disposed of his entire 6.78 per cent stake in property developer SC
      280 words
    • 6309 4 UNIT TRUSTS FUNDS AM tan AM Mgt (S'pore) Star Europe Eqty)** 1.0471 Star Europe Bond 1.182i Star Ewape Sal 1224 Star Asian Tiger Eqty 1.296. Sbr Asa Bond Star Asia Manad T -iii^MTiiii.idiiarBiiirTi-ffirfiiMmrtTii Star Asia "!!>« 0 .857, GfcMufcStU5D no AaaBortwA I Asia BondFdB m AsiaTig Eoy Fd A KO
      6,309 words
    • 336 5  -  By WEE LI-EN MEDI-FLEX, which has issued a profit warning, has lowered the placement price of some 300 million new shares to be issued to Top Glove Corporation Bhd (TG) from seven cents to four cents. The Malaysian subscriber requested
      336 words
    • 376 5  -  Quill Capita closes 17% above its retail offer price By PAULINE NG in Kuala Lumpur QUILL Capita Trust (QCT) made an impressive debut on the Malaysian stock exchange yesterday, opening at 92 sen or 9.5 per cent higher than its retail offer
      376 words
    • 508 5  -  New device will allow free calls from cellphones and free Net access By SIOW LI SEN SINGAPORE Telecommunications (Sing Tel) today embarks on an aggressive strategy of using its fixedline dominance to grab market share in mobile phone and Internet services, targeting every
      PHOTOS: YEN MENG JIIN  -  508 words
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  • Page 5 Advertisements
    • 197 5 "My WHHHHHHBI ||i|p ■■(Bktl j _H JHHI Jlrfr '111-; J JpR SttM< IL .JHHHW Xf <: 4 -sBK hMW yisgs^i '$&*&xrir c jjuj mbr |g|;; mm mk hHHHR lit At first sight msny neisanestab|,shede|ectronicsretailer The other is a home-grown jeweller businesses can appear renowned for its fine craftsmanship. Yet, Yopy
      197 words

  • SINGAPORE MARKETS
    • 562 6  -  STOCKS SGX-Construction Index bucks the trend with 13 per cent rise, even as ST Index tests 3,000 support R SIVANITHY Senior Correspondent IN YESTERDAY'S column, we suggested two things could feature in trading during the early part of this week the Straits Times Index could
      562 words
    • 1006 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 8 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ BuyI Shares Per Before After Stock Date Director Sell '000 Shr S COOP) ('000) Matex Intl 8-Jan-07 Chua Geok Koon ST 3620 na 3620 5.08 0 0.00 Breadtalk 8-Jan-07 Chen
      1,006 words
    • Article, Illustration
      938 6  -  Compiled by UMA SHANKARI OSIM International Jan 8 close: 551.43 CIMB-GK RESEARCH. Jan 8 OSIM has recalled 3,000 of its new toning belts (uZap Mini) after two caught fire while being charged. No injuries have been reported. The company explained that under certain conditions, the lithium-ion batteries in
      938 words
    • 520 6  -  CURRENCIES LARRY WEE Senior Correspondent CURRENCY players here started their first full week of 2007 trading on a radically different note from the close of last year, jolted by a much stronger than expected US jobs number, increased speculation of a hike in Japanese interest
      520 words

  • COMPANY NEWS
    • 631 7 Time to sell assets, says Faber, who rightly forecast US stock crash in 1987 Bloomberg [MANILA] Marc Faber, publisher of the Gloom, Boom Doom Report, predicts that global assets are poised for a "severe correction" and says it is time to sell. "In the
      Bloomberg; FILE PHOTO  -  631 words
    • 759 7 SGX in talks with BSE SINGAPORE Exchange, responding to a BT report of being shortlisted for possible* acquisition of a stake in Bombay Stock Exchange (BSE), yesterday said that it is in "preliminary discussion" with BSE on a "number of possibilities", although it did not give further details.
      759 words
    • 297 7  -  By DANIEL BUENAS CONFIRMING earlier market speculation, engineering and property group Guthrie GTS is now the subject of a takeover offer by a group of investors which include Anthoni Salim and Putra Masagung, the executive chairman of Guthrie. The offeror, Alam
      297 words
  • Page 7 Advertisements
    • 66 7 Add: 11 Boon Teck Rd (Off Balestier Rd) payoh Land area: 1360.7 sqm i Estate in Fee Simple GPR 2.8/ up to > a 36 storeys O *0 a Ml M Oq It fjU 0 Tender closing 19 Jan 2007 at 4pm. Documents can be collected from: r TMHoon&Co lV
      66 words
    • 331 7 better to Sm a pore to 1 P f re eVA There's <\\ght* rorn hpp \ng bs nne ct»onsto Osaka j Sandal FV Business Class sgd /A X Fuku.fca VV Isetan Voucher Economy Class r*r* p\ Takashimaya Ovj U <11 Voucher or Isetan Voucher 1 '•>« I s 1 17
      331 words

  • SINGAPORE NEWS
    • 305 8  -  Lim Soo Ping replaces Chuang Kwong Yong as Auditor-General By WEE LI-EN THE Prime Minister's Office has announced a new Audi-tor-General and members of the Council of Presidential Advisers (CPA). Lim Soo Ping, 56, deputy secretary at the Ministry of Information, Communications and the
      305 words
    • 164 8 THE picture looks rosy for movie buffs at Ang Mo Kio and Pasir Ris, with the opening of two Cathay cineplexes. Cathay Cineplex AMK Hub, which will have eight screens and 636 seats, opens at Ang Mo Kio in May. And Cathay Cineplex Downtown East,
      164 words
    • 436 8  -  Owners of building sticking to $51 m reserve price By KALPANA RASHIWALA OWNERS of the freehold Concorde Residences in Thomson Road near the junction with Balestier Road are hitting the en bloc trail again after an unsuccessful attempt last year. And
      436 words
    • 249 8 Reuters [MANILA] Filinvest Land Inc said yesterday that the Government of Singapore Investment Corp (GIC) will not sell part of its stake in the Philippine property developer as part of a US$l7O million share offer. The GIC originally planned to sell up
      Reuters  -  249 words
    • 225 8 SCCA hails setting up of second law school THE Singapore Corporate Counsel Association (SCCA) said yesterday it welcomes the setting up of a second law school in the Singapore Management University (SMU). However, it would like to see both law schools "encourage and look into postgraduate legal education
      225 words
  • Page 8 Advertisements
    • 2488 8 Score Card Cats Notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF KEPPEL TUAS PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****8932 D NOTICE QF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the
      2,488 words
    • 533 8 IN THE MATTER OF THE COMPANIES ACT, CAP 50 LUPMUS MARITIME (PRIVATE) LIMITED (Company No *****0654Ni (In Members' Voluntary Liquidator) Ai th« respective Extraordinary General Meeting of the above-named Company deemed to be held on 28 Dec 2000 the Mowing r"y*4 nn fi M T a KhiiypwHWl wSPECtAL RESOLUTION "TMVw
      533 words

  • SME spotlight
    • 1125 9  -  Prima Taste is enthusiastically playing the role of Singapore's culinary ambassador. NANDE KHIN reports NANDE KHIN ASK a foreigner—even one who has been to Singapore what Singapore cuisine is, and he will be hard pressed to define it. Some might say it is
      YEN MENG JIIN  -  1,125 words
    • 547 9  -  Apple products reseller expects sales to rise 35% By NANDE KHIN AFOR Pte Ltd, the company behind the Apple store at Wheelock Place and the recently opened outlet at Suntec City, sees strong growth this year and hopes to expand regionally by next year. "The
      547 words
    • 303 9  -  SMALL CAPS By TEH HOOI LING THE past few weeks have been good for the Singapore market, and especially smaller stocks. Our small-cap portfolio climbed 7.5 per cent compared with prices on Dec 11, 2006. Its performance exceeded that of the Straits Times Index, up
      303 words
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    • 874 9 CRAFT PRINT INTERNATIONAL LIMITED (Incorporated in Singapore) (Co. Reg. No: *****1572K) NOTICE IS HEREBY GIVEN that the Annual General Meeting of CRAFT PRINT INTERNATIONAL LIMITED ("the Company") will be held at 9 Joo Koon Circle, Singapore *****1 on Thursday, 25 January 2007 at 10.00 a.m. for the following purposes: AS
      874 words

  • ECONOMY WATCH
    • 548 10 With worst of slump over, GDP seen growing faster Bloomberg [WASHINGTON] The homebuilding industry is about to stop hurting the US economy and later this year may start to help it. The housing demand that is beginning to stir may be unleashing faster
      Bloomberg  -  548 words
    • 576 10 But ECB chief warns policy-makers, upbeat on growth, to remain alert Bloomberg. Reuters [BASEL] European Central Bank (ECB) president Jeanulaude Trichet said he is Optimistic Europe and Asia rill be able to withstand a [lowing US economy and lolicy-makers must be [eady to act
      Bloomberg.; Reuters; AFP  -  576 words
    • 432 10 NYT [WASHINGTON] Families earning more than USsl million a year saw their federal tax rates drop more sharply than any group in the country as a result of President George W Bush's tax cuts, according to a new congressional study. The study,
      NYT  -  432 words
    • 345 10 Supply bottlenecks curbing GDP growth, he warns Reuters. Bloomberg [NEW DELHI] Prime Minister Manmohan Singh yesterday promised a less restrictive foreign exchange regime for India but said infrastructure constraints, were holding back growth. Last year a panel appointed by the central
      Reuters.; Bloomberg  -  345 words
    • 360 10 Reuters [BASEL, Switzerland] The flexibility of China's currency will increase along with growth in its trade surplus, though the pace of appreciation will depend on market conditions, China's central bank governor said on Sunday. Asked if the Chinese yuan would appreciate more
      Reuters  -  360 words
  • Page 10 Advertisements
    • 85 10 g*Diners Club Card ToZpi»~n *****980 A World of Exclusive Privileges Treats Diners Club www.Jinerß.com.sg ZZW International' Kam Boat Chinese Cuisine PHRVWHB Zukol Shaw Centre #05-14/27, Tel: 6732 4675 bit 117 Upper East Coast Road, Tel: 6241 5669 Golden Prosperity Set Menu for 2 at $65++ 20% off Yu Sheng (18
      85 words

  • MALAYSIA/INDONESIA
    • 368 11 AFP [KUALA LUMPUR] Malaysia yesterday unveiled a RMSOO million (Ss2lß million) fund to prop up businesses affected by disastrous floods which have forced tens of thousands to flee their homes. Prime Minister Abdullah Ahmad Badawi said he was confident that the monsoon chaos
      AFP  -  368 words
    • 507 11  -  The two areas in south Johor will become 'foreign land', he says By PAULINE NG in Kuala Lumpur FORMER prime minister Mahathir Mohamad yesterday criticised a proposal for two passport-free zones at the southern tip of Malaysia as making those areas "foreign land". "It becomes
      AFP  -  507 words
    • 215 11 Bloomberg [KUALA LUMPUR] Proton Holdings Bhd, Malaysia's largest carmaker, needs fresh leadership to return to profit, said former premier Mahathir Mohamad, who set up the company more than two decades ago. "They need to have a change of management." Dr Mahathir. an adviser to
      Bloomberg  -  215 words
    • 286 11 Reuters [JAKARTA] A 14-year-old boy has tested positive for bird flu in Indonesia, the country's first case of the virus in almost two months, a Health Ministry official said on Sunday. The boy, from Tangerang in West Java, was hospitalised in Jakarta after
      Reuters; AFP  -  286 words
    • 348 11 Bloomberg [JAKARTA] Industrial Commercial Bank of China, the nation's biggest lender by assets, may pay 90 billion rupiah (5515.3 million) to buy PT Bank Halim Indonesia in its first overseas acquisition. ICBC plans to buy a 90 per cent
      Bloomberg  -  348 words
    • 2467 11 VOL jwi m w- row) A4M Realty 1.46 -0.02 3 AbncBhd 031 unch 40 Acp Industries 132 -0.04 240 Advance Synergy 0-23 unch 473 AdventaBhd .0.90 unch 0 Ae Multi Hldgs 337 -0.02 115 Affin Holdings 135 -0 05 1009 Ahmad Zaki flaou 2A3 0.08 157 AJc Corp
      2,467 words

  • GREATER CHINA
    • Article, Illustration
      60 12 AN armed police officer stands on duty near the excavated remains of a tomb dating back to the West Han Dynasty in Liuan. northern China's Anhui Province, on Sunday. Uncovered during the construction of a highway last year, the tomb has yielded lacquer wares Jade wares, pots and
      AP  -  60 words
    • 570 12 Move a bid to curb unlisted parent firms' power over private shareholders Reuters [SHANGHAI] China will push firms harder to list all their assets on the stock market in a bid to curb the power of unlisted parent firms over private shareholders, analysts
      Reuters  -  570 words
    • BRIEFLY ASIA
      • 61 12 Bernama [PUTRAJAYA] No decision has been made on the proposed merger between Utusan Melayu (M) Bhd and the New Straits Times Press Bhd (NSTP), Malaysian Prime Minister Abdullah Ahmad Badawi said yesterday. He said the proposed merger of the newspapers depends on
        Bernama  -  61 words
      • 71 12 Reuters [KUALA LUMPUR] Malaysian conglomerate Sime Darby Bhd has put on hold talks to buy a stake in oil services firm Ramunia Holdings Bhd, Sime said yesterday. Responding to a stock exchange query over a newspaper report that the deal was likely to
        Reuters  -  71 words
      • 85 12 Bloomberg [MELBOURNE] RioTinto Group and BHP Billiton Ltd, the world's second and third-largest iron-ore miners, declined to confirm or deny a report that they had bid for a controlling stake in Indian miner Sesa Goa Ltd. Japan's Mitsui Corp wants to sell its
        Bloomberg  -  85 words
      • 82 12 Bernama [KUALA LUMPUR] Sepang International Circuit Sdn Bhd (SIC) is aggressively promoting the Malaysian Formula One (Fl) Grand Prix throughout Malaysia and neighbouring countries to secure a full house of 120,000 spectators for the Sepang Circuit race this year. Revenue from ticket sales has
        Bernama  -  82 words
      • 64 12 AP [BEIJING] General Motors and Ford said yesterday their sales in China's booming car market jumped last year. General Motors said it sold 876,747 vehicles in China last year, up 32 per cent from 2005. Sales of Ford-brand cars, like the Ford, Lincoln,
        AP  -  64 words
    • 698 12 But cosmetic and casualwear sellers still to recover [HONGKONG] Despite Chief Executive Donald Tsang Yam-kuen's claim that Hong Kong's economic situation is the best in almost 20 years, with the benchmark Hang Seng Index (HSI) hitting record highs, great differences in the performance
      698 words
    • 196 12 Xinhua [BEIJING] The China Securities Regulatory Commission (CSRC) has started investigations into fund misappropriation issues of 17 listed companies. The 17 companies have failed to recover 9.2 billion yuan (Ssl.Bl billion) of debt by their controlling shareholders before an end-2006 deadline, a spokesman for the
      Xinhua  -  196 words
    • 493 12 Reuters [SHANGHAI] China Life Insurance Co is likely to jump around 60 per cent when it begins trading in Shanghai today as investors race to buy into the country's biggest life insurer, analysts said. China Life raised 28.32 billion yuan (555.58 billion)
      Reuters  -  493 words
    • 427 12 Reuters [SHANGHAI] Shanghai's benchmark stock index jumped 2.49 per cent yesterday as the two largest banks stabilised after Friday's big falls and a wide range of other sectors saw enthusiastic buying. The 0.5 percentage point hike in bank reserve requirements announced on Friday,
      Reuters  -  427 words
  • Page 12 Advertisements
    • 70 12 BardwareZone www.hardwarezone.com® handy Mobile-Phone Price Guide is all you need. With a click of your mouse, even details like Operator Contracts and Phone Plans will be at your fingertips. So log in now for the best Mobile-Phone Prices! B ad -No SGDI2BB.OO 40x480 MP10)- 01 Jan-200? IS»°t Q Q tP
      70 words

  • ASIA-PACIFIC/WORLD
    • 936 13 NYT [NEW YORK] Robert Nardelli's unceremonious departure from Home Depot may spell the end of the era of supersized pay packages for chief executives of public companies, but a new refuge for lavish compensation and private jets is emerging elsewhere. Flush
      NYT; BLOOMBERG  -  936 words
    • WORLD WATCH
      • 86 13 AP [HELSINKI] Nokia Corp sold 40 million smart phones in 2006 and more than 850 million people worldwide now use its mobile handsets, the company said yesterday. CEO OUi-Pekka Kallasvuo said that last year 90 million smart phones were sold worldwide. He said he
        AP  -  86 words
      • 145 13 Reuters [DETROIT] Nissan MOtttt- Co expects US auto sales to fall nearly 4 per cent this year, Dominique Thormann, its senior vice-president for finance in North America, said on Sunday, offering a weaker outlook than many analysts. Sales of cars and
        Reuters  -  145 words
      • 75 13 NYT [NEW YORK] The Highbridge Capital Management hedge fund is set to announce that it has taken a major equity stake in the energy business of the Louis Dreyfus Group, the old-line commodities trading firm, in a deal worth about US$1 billion. Highbridge Capital,
        NYT  -  75 words
    • 434 13 NYT [NEW YORK] Richard Stengel, the managing editor of Time, took his wife and kids out to dinner on Friday night. As historic moments go, not a big deal, but it does reflect a seismic change. Time magazine, which has been coming out every Monday for
      NYT; AP  -  434 words
    • 323 13 Bloomberg. Reuters [LONDON] Nasdaq Stock Market Inc yesterday urged London Stock Exchange investors to accept its offer for the UK market. The bid represents a "full and fair price". Nasdaq said in a Regulatory News Service statement. Nasdaq said its realistic offer
      Bloomberg.; Reuters  -  323 words
    • 372 13 Bloomberg [HONG KONG] First Pacific Co will buy the Philippine government's stake in the country's biggest phone company even without the funding support of NTT DoCoMo Inc, chief executive Manuel Pangilinan said. The Philippine government gave First Pacific's Metro
      Bloomberg  -  372 words
    • 562 13 Green says he will focus on strategy while CEO leads management team Reuters [LONDON] HSBC chairman Stephen Green plans to run the bank as a "double act" with chief executive Michael Geoghegan, who would lead its management team to deliver the
      Reuters  -  562 words
  • Page 13 Advertisements
    • 28 13 hrFIV (i H ujucd cmuc ■B^jfyfflW^^HHHi ■TJ »JHLy^nHnHl| Hl£s&hS? a^H For enquiries and subscription, please call 6775 9629 or email morketing@heritooemedia.com.sfl. AyHfRITAGE A SUBSIDIARY OF SINGAPORE PRESS HOLDINGS
      28 words

  • MIDDLE EAST
    • 551 14/15 Saudi Arabia unveils more supply cuts next month to stabilise market Reuters [LONDON] Oil prices climbed over US$57 a barrel yesterday as Russian crude supplies halted through a pipeline that meets a fifth of Germany's demand and as top exporter Saudi Arabia
      Reuters  -  551 words
    • 431 14/15 Draft law will pave way for production sharing agreements AFP (LONDON] Iraq is preparing to allow foreign companies to exploit its oil reserves. The Independent on Sunday newspaper said, citing a draft law expected to come before the Iraqi parliament soon. The
      AFP  -  431 words
    • 389 14/15 Reuters IBASEL] If the sharp fall in oil prices continues, it could create problems for the Saudi economic policy, the central bank governor said on Sunday. "The macro policy is not going to be affected at the current level of the
      Reuters  -  389 words
    • 332 14/15 Bloomberg [DUBAI] Economic growth for the United Arab Emirates will slow this year on lower oil prices and an expected decline in Opec output which will trim export earnings in the second-largest Arab economy, the National Bank of Abu Dhabi
      Bloomberg  -  332 words
  • INDIA
    • 389 14/15 The British telco has appointed Ernst Young to conduct due diligence AFP. Reuters INEW DELHI] Britain's telecoms giant Vodafone will go through the books of India's mobile phone operator Hutchison Essar as it moves into position to buy a controlling stake in the company,
      AFP.; Reuters  -  389 words
    • 678 14/15  -  By SIDDHARTH SRIVASTAVA in New Delhi FOR the past several weeks the Indian telecom sector has been abuzz with a bidding war for Hutchison Whampoa's 67 per cent stake in its Indian unit, which is the country's fourth biggest mobile phone business, with over 22
      678 words
    • 408 14/15 AFP [WASHINGTON] A top US business lobby group is to launch a probe into counterfeiting in India's film industry and hold a global summit in China to highlight intellectual property rights abuses^. The world's two most populous nations are already on the "priority watchlist"
      AFP; ASP  -  408 words
  • Page 14/15 Advertisements

  • AVIATION
    • 434 16 UAE's Etihad Airways to start daily service to Australia this year Reuters. Bernama [CANBERRA] Australia's Transport Minister said yesterday that the Asll billion (Ssl3 billion) sale of Qantas Airways would not trigger a rethink on giving Singapore Airlines access to lucrative
      Reuters.; Bernama; BLOOMBERG  -  434 words
    • 321 16 Bernama [KUALA LUMPUR] Landing and parking charges at airports in Malaysia have not been increased for 25 years and are the lowest in the region, according to Malaysia's airport owning company It hoped that this had helped both the national carrier, Malaysia
      Bernama  -  321 words
    • 524 16 MISSING INDON JET AP. Bloomberg. AFP [MAKASSAR, Indonesia] US experts were studying satellite images of Sulawesi island yesterday for signs of a jetliner that disappeared a week ago with 102 people on board, an embassy offiNavy ship headed to the area to take
      AP.; Bloomberg. AFP  -  524 words
    • 307 16 Bloomberg [HONG KONG] Airport Authority Hone Kong, Operator of AsJgkV third-busiest its Zhuhai Airport venture plans to more than double passenger traffic by 2010. Zhuhai Airport plans to increase the number of passengers it handles to 1.5 million from 640,000 in 2005
      Bloomberg  -  307 words
    • 199 16 Xinhua {SHANGHAI] Pudong International Airport in Shanghai. China's leading metropolis, handled 17.15 million passengers from overseas last year, up 9.4 per cent year-on-year and beating other Chinese airports. The Pudong Entry and Exit Frontier Inspection Station said the figure included a record 9
      Xinhua  -  199 words
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  • Page 16 Miscellaneous
    • 231 16 CRYPTIC CROSSWORD 1 Accusation in glib eloquent 4 Spotted having kiss in tobog- 8 Dared to have used this capi- —PW 18 Recorder found main point ken^door (8) 24 Had nothing more than stew 25 Thus, say, am finding raw ma- U 26 Mistakenly up most of BBSS 1 Pointless
      231 words

  • SHIPPING
    • 406 17  -  Kuah Boon Hwee's position of group CFO is filled by Edmond Cheng By GEORGE JOSEPH [SINGAPORE] PSA International has appointed its group chief financial officer Kuah Boon Hwee as its South-east Asia and Singapore Terminals' chief executive officer. Mr Kuah, a former
      406 words
    • 275 17 SGX '000 Jan 8 SS Vol Ch Offshore .0.44 <M>1 1213 Oman Hup Hldgs .032 -0.01 2350 CoscoCorp .2.50 0.07 4433 Cwt Limited .0.63 -0.01 100 Ezra Hldgs .4.32 0.04 576 Freight Unks .0.09 0.01 5943 Grand Banks 0.88 -0.01 60 Java Hold Ltd 147 -0.02 757 K1
      275 words
    • 59 17 THE Swedish ship Gotheborg firing her eight cannons in port waters as a salute to Singapore on her arrival recently. The vessel a full-scale replica of an 18th-century merchant vessel is docked at the Promenade at Vivo City and will leave on Jan 14 for Sweden via
      59 words
    • 290 17 Bloomberg [SHANGHAI] Shanghai, China's busiest container harbour, moved 20 per cent more containers last year, as the nation's increasing trade boosted demand for sea traffic. Shanghai port's volume rose to 21.7 million 20-foot standard boxes in 2006, the local authority said in
      Bloomberg  -  290 words
  • Page 17 Advertisements
    • 225 17 VJliA&elmsen Maritime Services is proud to hold a Naming Ceremony for M/VTortugas 'f^ a y> 9 January 2007,11 am at Pasir Panjang Wharf Berth 1 Chfrwnan ofWilh. Wilhelmsen ASA, MrWilh Wilhelmsen will officiate at the ceremony Lady Sponsor: Mrs Mette Ramberg "TORTUGAS" is the 6th vessel in a series of
      225 words

  • EDITORIAL & OPINION
    • 532 18 EDITORIAL ONE of the recommendations by the Iraq Study Group fISG) was that the Bush administration engage Iran as part of an effort to bring stability to Iraq where Teheran enjoys influence on leaders of the Shi'ite majority. Indeed, in the aftermath of the publication of
      532 words
    • 1285 18  -  The mutual influence of the Hong Kong and Shanghai markets on each other will be the key By TIGER TONG IN 2005: -8.3 per cent, one of the worst in the world. In 2006:130.4 per cent, one of the best in the world. The
      AP; Source: Bloomberg  -  1,285 words
    • 788 18  -  THE BOTTOM LINE NEIL BEHRMANN London Correspondent FOUR years ago, a few weeks before the Iraq war, global stock markets were steeped in gloom. Despite exceptional values, shares were shunned and broker and investment bank employees around the world were being laid off in
      788 words
    • 1279 19  -  Under the leadership of Nancy Pelosi, Democrats will be able to check the power of Republican President George W Bush LEON HADAR Washington Correspondent Americans were celebrating a historic breakthrough when Democratic Representative Nancy Pelosi was elected as the nation's first female Speaker of the House
      AP  -  1,279 words
    • 868 19  -  By WILLIAM PESEK Bloom berg WE ALL start January pledging to kick this or that bad habit. It's always a tough promise to keep, and how much more so when the bad habit is decades old, like Asia's addiction to boosting growth by
      Bloom berg  -  868 words
    • 998 19  -  LETTERS TO THE EDITOR Christopher Chong Chairman, Audit Committee Xpress Holdings Limited I REFER to the BT articles "Xpress fails to get extension of time to hold AGM" (Jan 4) and "Xpress Holdings: cause for concern?" (Hock Lock Siew column. Jan 5). I regret that there
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    • 200 19  -  Lim Bee Khim. Lim Bee Khim. Acting Director Corporate Communications Ministry of Trade and Industry WE refer to the article, "S'pore's 2005 investments abroad fall 35%", by Chuang Peck Ming (BT, Dec 29). He cited a Japan External Trade Organisation (Jetro)
      200 words


  • FOCUS: GLOBAL WARMING AND OIL
    • 1443 20  -  Abnormal temperatures that disturb energy demand are here to stay, say analysts By STEPHEN VOSS MARK SHENK Blame it on global warming. Recordbreaking temperatures in the US and Europe are reducing fuel demand and contributing to the biggest fluctuations in oil in more than a
      AFP; Source:Bloomberg  -  1,443 words
    • 826 20  -  By BARRY HATTON AP AN ENERGY crunch that chokes fuel supplies, dims the lights at homes and workplaces, and ravages Western economies may no longer be the stuff of 1970s history books. It could be a vision of the
      AP  -  826 words

  • 10351 21 SGX MAINBOARD Transaction date: Jan 8 524* Tel Last vol Day LaftQuota Dt* GrVW MM MCap Wtfi low Coda Cawpaay Sato +<- COOP) High Law tuyar Sdhr Cvr WI So* 3.5 1 5716 1st Software 2 susp 81 115 6 3148 {{Telecom 9.5 +05 1175 10 9 9
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    • 35 21 TVade from 20% deport (5 x leverage) on moat stocks Go long or short Competitive financing rates in all market* Access to Asian, US, Euro stocks Select Exchange Itaded Funds and indices Competitive Commission charges
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  • 5750 22 FINANCE COMMODITIES SGX DERIVATIVES TRADING OPEN HIGH LOW SETT VOL OP/MT EURODOLLAR FUTURES Mar07 94 670 0 7610 Jun07 94*10 0 9669 Sep07 94.975 0 7827 Dec07 95 105 0 2071 EUROYENrUTURFS Mar07 99.320 99.320 99 300 99 305 1400 ***** Jun07 99 200 99.200 99 185 99.190 509 *****
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    • 1574 23 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DD SUCCESS RDM/ATW/BMNALB/NAN XU CHANG HAI LAX/VCW/MZL MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia. Indonesia Loads E7W. Malaysia, lndon«ia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination VANGUARD DBI/ABU/DOH/BRN/DMM/KWT Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN VOYAGER JDH/DMT/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads
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    • 4983 25 Colombo i^^mffgfflKMIEUlW;af.1lll.ltB.Mir.Bll[il-.MU.].«MI.I»Bl.I»M;^ranglffFnElTffift»M;«<lTa*riWil«l.IiMiI.lttaraiB^ ETA ETA AJvartbar VmmI Voy»9« Tataphom SIN Daffn Nam* Nam* Numtoar Numtoar To ABU DHABI (AUH) 2004 U. A. Emirates 18/01 01/02 SCI SCIDIYA 701W *****355 22/01 05/02 SCI HAMMONIA PALATIUM TOW *****355 29(01 12/02 SCI EMIRATES KABIR 703W *****355 To ADELAIDE
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  • PROPERTY
    • 654 26  -  Six bungalow plots awarded, with new benchmark price set at $1,308 psf By KALPANA RASHIWALA THE latest condo site being offered by Sentosa Cove Pte Ltd (SCPL) could fetch as much as $1,100 to $1,200 per square foot of potential gross floor area,
      654 words
    • 326 26 Reuters [HONG KONG] Office rents in Hong Kong's Central district are the most expensive in the world after London's West End, and the booming financial sector could push them even higher, property consultants Colliers International said yesterday. At just below HK$96O (Ssl9o)
      Reuters  -  326 words
    • 325 27 It would reduce demand for big houses and limit speculation Xinhua [BEIJING] A leading economist has proposed that the Chinese government institute property taxes to restrain real estate speculation and curb rocketing housing prices. Owners should pay an annual property tax to the government based
      Xinhua  -  325 words
    • 734 27 Reuters [SINGAPORE] Zhong Sheng Jian has made his fortune selling apartments to Chinese yuppies, thanks, in part, to the humble kitchen sink. Mr Zhong's firm, Yanlord Land Group, has caught the eye of foreign investors because it is one of the better-known names among
      Reuters; FILE PHOTO  -  734 words
  • Page 26 Advertisements
    • 508 26 Prime Location, Sterling Opportunity! For Sale by Tender fr Anderson 18 \\\yy The last large plot of prime land available isj V > f or acquisition in the Ardmore Park area Darby Pork j» S Wi Opposite Shangri-La Hotel a-jn-u,/ /W. x x^_ i2 *2S /^%> a b I L
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    • 182 27 OPP Obtained Freehold Site Area 21,168 Sq Ft Ml Fater Ratio 3.5 (Mteorst.. Directly Across Vivo City/ St. James Power /f subject g Station Entertainment Complex Outside Harbour Front MRT Station |3 Gateway To Sentosa IR tiiokiancabkp ToctiY c=o> Bwt u Tender Closing Date: 17 January 2007 at 3.00pm VK
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  • Page 28 Advertisements
    • 61 28 ll I 1 I -v v'£ X:f I V- > >- I J A big thank you to our employees, our customers, our suppliers, our shareholders and our partners who have all contributed to our success at the 2006 prestigious Platts Global Energy Awards, where we were voted Petrochemicals Company
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