The Business Times, 12 January 2007
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2007-01-12
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The Business Times
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Title Section20 2007-01-12 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBUCATION Friday, January 12,2007 online at http://business-times.asia 1 .com.sg MICA (P) 202/12/2006 SINGATORF&'cents20 words
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1108 2007-01-12 1 ARTHUR SIM - Many high-end projects are still below launch prices, potentially offering good deals for prudent buyers By ARTHUR SIM [SINGAPORE] While prices of new high-end developments have veered off the charts, prices of residential properties in the secondary market tell a different1,108 words
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633 2007-01-12 1 CHUANG PECK MING - Income of the majority middle class has stagnated in past 5 years By CHUANG PECK MING [SINGAPORE] Singapore's economy is in better shape than ever, but it is also in danger of producing an underclass that could be politically explosive, according633 words
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Page 1 Advertisements
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Advertisement44 2007-01-12 1 JTV PROPERTY Lippo's Stephen Riadv ■b- is upbeat 1 PAGE 4 REELS THEM IN The changing taste of Singapore moviegoers is fuelling the growth of non-mainstream movies. EXECUTIVE LIFESTYLE, PAGE 30 mI lIP nHHI^HHtf^BHHiI^^BH^HHHHHnHHHfI SnHHHHMJpJmm 1 J yJLJf mB^^MMM^M| «HBHHHg^nB r 6 xj^ iT»44 words
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Advertisement7 2007-01-12 1 FRAUD CHARGES Ex-AustonCFOgets seven months'jail PAGE 77 words
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Advertisement11 2007-01-12 1 COMMENTARY Oei's exit from SC Global is food for thought jjljZ11 words
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Advertisement14 2007-01-12 1 SHIPPING PSA container volume up 19% PAGE 19 V Markets Digest is hold ever14 words
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TOP STORIES
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Article412 2007-01-12 2 6 in 10 S'pore SMEs have women CFOs SINGAPORE small and medium-sized enterprises have one of the highest proportions of women financial decision-makers in Asia. Slightly more than six in 10 have women handling their money matters, though this trails Taiwan and Thailand where the corresponding figure is412 words
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714 2007-01-12 2 NEW THAI LAWS ON FOREIGN OWNERSHIP Other telco groups exempted from proposed new rules structure their shareholdings or may be allowed to do so voluntarily, the government source said. "Sixteen companies (the exception being Shin Corp) are still far from reaching714 words
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596 2007-01-12 4 VINCENT WEE; JANICE HENG - Most are family-run and see women as meticulous, thus better suited By VINCENT WEE and JANICE HENG [SINGAPORE] Just as in many Asian families, women hold the purse strings at a large number of small and medium-sized enterprises (SMEs) in the region too.596 words
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Article, Illustration407 2007-01-12 4 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] Lippo Group deputy chairman Stephen Riady is confident that new record prices will be set in Singapore's office, retail and high-end residential sectors in each of the next three years. He cites Singapore's regional hub status, the407 words
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Article, Illustration556 2007-01-12 2 JANE MOIR - He submits answer in letter, but asks that it be kept from the public By JANE MOIR in Hong Kong TELECOMS tycoon Richard Li yesterday responded to lawmakers as a probe by the broadcasting watchdog into his business interests continues. TheAP - 556 words
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Article68 2007-01-12 2 IN "New IR to be most expensive on Cotai strip" (BT, Jan 11), we quoted an earlier news service report that said Macao Studio City would cost US$4 billion. Capita Land has clarified that the estimated cost is US$2 billion. It has also said that it would be just68 words
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Page 2 Advertisements
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Advertisement475 2007-01-12 2 people Hunting season has begun. u ot a :,olC >2007 Employee Remuneration Reporting And 6R r a™^L Sineapore Planning Seminar Workshop 2007 Marina Square Singapore *****4 M Do want to eliminate Seminar and Workshop Level 5, Vanda Ballroom A rnuarado mistakes m reporting your LOVerage (Registration begins at 8:30 am)475 words
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Advertisement23 2007-01-12 2 Parting company? Call 1800 289 8822 or email notices <2>sph.com.sg to book your corporate notice in our newspapers now. [•■ATr3\»l I NOTICES g23 words
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Page 4 Advertisements
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Advertisement1956 2007-01-12 4 IHUHW K. fk 4 The satisfaction from sports is more personal in nature; whereas doing well in business and bringing prosperity to a lot of people and the community k more satisfying -the satisfaction of seeing so many people being satisfied, m and group president of 1 nn CASA HOLDINGS1,956 words
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Page 5 Advertisements
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Advertisement134 2007-01-12 5 I I II Your body. Your control. OSIM uPilot The Designer Massage Chair Designer elegance combines with cutting-edge innovation to bring you a massage chair masterpiece. The OSIM uPilot features an ultramodern ROBO-Stic for personalised precision massage control. You direct. It responds giving you the perfect massage every time. Wrapped134 words
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COMPANY NEWS
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Article, Illustration768 2007-01-12 6 WONG WEI KONG - Oei 's exit from SC Global is food for thought HOCK LOCK SIEW By WONG WEI KONG STOCK sales by substantial shareholders are often watched for clues on where the market is heading. In that sense, Oei Hong Leong's sale of his entire stake in upmarket residential developer SC Global768 words
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Article6775 2007-01-12 6 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Star Europe Eqtyf" 1.035/ Star Europe Bond 1 173/ Star Europe Bai U1/ Star Asian Tiger Eqty 1 277/ Star Asia Bond 1313/ Star Asia 8afanod 1084/ Star Global Technology Fundi" 0221/ MutoStM 0 984/ Star Asia BonrKUSO) 0.854/ Gib Multi St6,775 words
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477 2007-01-12 7 MICHELLE QUAH - This comes after Chua pleaded guilty to one charge of abetting fraud By MICHELLE QUAH AUSTON International Group's former chief financial officer, Chua Peck Wee, was sentenced yesterday to seven months in jail for playing a part in the falsification of the company's accounts477 words
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229 2007-01-12 7 Penalty imposed because of 30 'wash sales' in Eagle Brand shares THE Monetary Authority of Singapore (MAS) yesterday disclosed it has taken civil penalty enforcement action against a Tan Pomas Candranegara for creating a false impression on the trading of Eagle Brand229 words
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Article, Illustration661 2007-01-12 7 WONG WEI KONG - By WONG WEI KONG Buoyant market conditions, as well as a property writeback, led the Singapore Exchange (SGX) to report a sharp rise in second-quarter earnings yesterday. The exchange also announced several measures to lower the cost of securities transactions and plans toFILE PHOTO - 661 words
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Article415 2007-01-12 9 Nera wins $28m deal with Indon operator NERA T elecommunications said that the company and its wholly owned subsidiary PT Nera Indonesia have received purchase orders totalling $28 million from an Indonesian cellular operator for the supply, delivery, installation and maintenance of Microwave Transmission Equipment. Silverlake Axis bags415 words
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Article, Illustration566 2007-01-12 9 RONNIE LIM - Regional oil and gas activities have seen no slowdown so far, he says By RONNIE LIM THE current slide in oil prices which plumbed a 19-month low to below US$53 yesterday has not hurt oil rig refurbisher KS Energy and566 words
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433 2007-01-12 9 CONRAD RAJ - By CONRAD RAJ ASIA Pacific Breweries (APB), the producers of Tiger Beer, is tightening its grip on one of its biggest and most profitable markets, Vietnam, by purchasing its fifth brewery there. The mainboard-listed company yesterday announced that it is acquiring the assets433 words
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217 2007-01-12 9 UMA SHANKARI - By UMA SHANKARI FIRST Real Estate Investment Trust (First Reit) yesterday said it has established a $90 million credit facility with OCBC Bank secured by the Reit's properties. First Reit, which is Singapore's first healthcare trust, said the proceeds will be used to217 words
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Advertisement96 2007-01-12 6 A group of Japanese investors is interested to buy a whole project/building in any of the following categories: > Residential > Warehouse > Retail > Hotel > Office 4 TRE 21 PTE LTD SIM TOKIO PROPERTY SERVICES Id PTE LTD Pis contact: Mr Takano 9670 0285 PENG KWEE 01 -45A96 words
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Advertisement45 2007-01-12 7 f2oyean 17 August 1969 1 October 1977 30 July 2003 The Woodstock Festival ends. Pele hangs up his boots. The last VW Beetle rolls off the line. Some things leave our lives dull and bland with their passing. Such an event will arrive this February.45 words
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SINGAPORE MARKETS
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Article, Illustration505 2007-01-12 8 TEH HOOI LING - STOCKS S'pore Telecom, S'pore Exchange and property stocks lift Straits Times Index TEH HOOI LING Senior Correspondent SHOWING its resilience, the Singapore stock market rebounded yesterday from the heavy drubbing on Wednesday to end generally The rebound, however, was not across the board inSouce Bloomberg - 505 words
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Article, Illustration1001 2007-01-12 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 11 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stodt Date Director Sell '000 Shr ('000) 000) Elite KSB 11-Jan-07 ChewKengWah ST 2000 na 3981 3.11 5981 4.67 Elite KSB 11-Jan-07 Chew Koh ST1,001 words
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Article, Illustration984 2007-01-12 8 UMA SHANKARI - Compiled by UMA SHANKARI Deserves re-rating: We expect SP Chemicals to report sterling 4Q06 earnings per sharfc (EPS) growth of 61 per cent year-on-year, as its average selling price (ASP) remained firm against earlier anticipation of a decline. FYO7 is looking brighter, on expected steady demand with some newSouce Bloomberg - 984 words
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Article, Illustration546 2007-01-12 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE Chinese yuan and Australian dollar were exceptional gainers yesterday in a session that saw the US dollar extend gains even further led by a further 0.9 per cent surge to a 13-month high of 120.33 yen. TheSource: Reuters - 546 words
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Advertisement551 2007-01-12 9 120 yea *s Welcome to the peak of epicurean living Rallies Hotel is pleased to invite you to a week of exquisite indulgence. This February, the Twelfth Annual Raffles Hotel Wine, Food and Arts Experience will feature the culinary talents of 7 stellar chefs, wine from 10 renowned vineyards and551 words
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SINGAPORE NEWS
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Article181 2007-01-12 10 Aussie firm to do transport review THE Land Transport Authority (LTA) has picked an Australian consultancy for the review of the Public Transport Industry Structure. Booz Allen Hamilton (Australia) Ltd (BAH) has been appointed as external consultants to review the current industry structure and regulatory framework for bus181 words
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Article, Illustration576 2007-01-12 10 KALPANA RASHIWALA - Group intends to inject some Incheon assets into Reits it plans to list here By KALPANA RASHIWALA [SINGAPORE] Lippo Group hopes to attract some of the Korean heavyweight partners in its US$4-5 billion mega development at Incheon near Seoul to invest in the576 words
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Article135 2007-01-12 10 THE Singapore Chinese Chamber of Commerce and Industry will host its fifth Annual Business Outlook Forum this morning. Co-organised by The Business Times, and sponsored by Microsoft and ÜBS, the forum will provide an overview of global economic developments in major markets and their implications for135 words
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374 2007-01-12 10 UMA SHANKARI - Reports by UMA SHANKARI FRASERS Centrepoint will launch at least two more condominium developments this year as it looks ahead to an upbeat property market, said its development and property general manager, Cheang Kok Kheong, yesterday. Buyers can expect the 176-unit374 words
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Article, Illustration300 2007-01-12 10 FRASERS Centrepoint has signed a put-and-call-op-tion agreement to acquire a 10,900-square-metre mall in NTUC Choice Homes's upcoming development Yew Tee Residences, both parties said yesterday. NTUC Choice Homes will launch its 139-unit Yew Tee Residences in Choa Chu Kang this weekend, saying300 words
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Article, Illustration456 2007-01-12 10 ARTHUR LEE - By ARTHUR LEE MARCH will come early for Marche when it opens its first fully owned and managed flagship store in the Asia-Pacific region at Vivo City next month. According to Josef Dohmen, Marche International's director of culinary (Asia-Pacific), Singapore pipped Hong KongARTHUR LEE - 456 words
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Advertisement1450 2007-01-12 10 IN the matter of THE COMPANIES ACT (CHAPTER 50) BRITISH AND MALAYAN TRUSTEES LIMITED I-INVE^PRIV.VnfLIM^TED (Incorporated in Singapore) (Incorporated in the Republic of Singapore) (Company Registration No ***** hmw) Company Registration Number *****0010 M (ln voluntary Liquidation) At an Extraordinary General Meeting of the members of 1-Invest Private Limited NOTICE1,450 words
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ECONOMY WATCH
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Article, Illustration665 2007-01-12 11 Global growth to slow to 3.2% this year; East Asia to grow at 7%, down from 7.6% last year Reuters AFP [UNITED NATIONS] A weakening US housing market will slow world economic growth to 3.2 per cent this year, from theReuters; AFP; BLOOMBERG - 665 words
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419 2007-01-12 11 Reuters 1 9 [CANBERRA] Asia-Pacific states will discuss widening their summit grouping for the first time in a decade to include India, as heavyweights China, Japan and the US vie over who should guide regional integration, Australia said yesterday. Senior officials fromReuters - 419 words
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563 2007-01-12 11 Reuters [BRUSSELS] The European Commission presented "the most ambitious pohcy ever" to fight climate change on Wednesday, challenging the world to follow Europe's lead in cutting greenhouse gas emissions. The European Union's executive branch proposed the 27-nation bloc reduce emissions by atReuters - 563 words
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Article, Illustration450 2007-01-12 11 Bloomberg [SAN FRANSCICO] Federal Reserve Bank of Dallas president Richard Fisher said that recent inflation figures were encouraging and that he's "very comfortable" with the current level of interest rates. "We have a pretty good cruising speed currently" in the US economy,Bloomberg - 450 words
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Page 11 Advertisements
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Advertisement43 2007-01-12 11 iFTMSfc/ J Established since 1986 S j I Want to know more about the CFA vj|3GSiJ 1 program? Want to know more about the f Join us at our Course Preview N For more information, Tel: (65) Fax: (65) 1 Website: www.ftmsglobal.com iM43 words
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Advertisement276 2007-01-12 11 RSM EquiCo~^Q^^^3QH Capital Markets LLC The U.S. accounts for 36% of global M&A activity and offers immense opportunities for Asian companies looking to either access the U.S. markets, form alliances, invest into or acquire U.S. companies. U.S.-based investment banking firm RSM EquiCo a Top 3 advisor in the country for276 words
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MALAYSIA/INDONESIA
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Article, Illustration60 2007-01-12 12 AnHN/Aids awareness demonstrator holds up a placard while protesting against the proposed Malaysia-US free trade agreement outside a hospital in Kuala Lumpur yesterday. About 20 protesters, nearly half of them living with HIV/Aids, claimed that the proposed deal will push the cost of anti-retroviral drugs beyondAFP - 60 words
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Article2555 2007-01-12 12 VOl Jaw 11 RM COOP) ASM Realty 1.45 -0.03 1 AbricBhd .0.31 -0.01 5 Acp Industries 1.30 0.01 206 Advance Synergy 0-25 -0.01 1805 Adventa Bhd 0.91 -0.01 90 Ae Multi Hldgs 0.38 0.01 102 Affin Holdings 1.81 -0.03 979 Ahmad Zaki Resou .2.55 unch 95 AicCorp 0.662,555 words
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269 2007-01-12 12 [KUALA LUMPUR] Malaysia has vowed to slash away red tape to help along business deals after a World Bank report said the country's bureaucracy is deterring investors, state media said yesterday. Prime Minister Abdullah Ahmad Badawi, who has led efforts to seekAFP - 269 words
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Article, Illustration521 2007-01-12 12 LAUREL TEO - Analysts and economists expect slide to be over by next week By LAUREL TEO in Jakarta ANALYSTS are confident that the sliding trend on the Jakarta Stock Exchange would reverse by next week, if not earlier, as market jitters here eased yesterday. The JakartaSouce Bloomberg - 521 words
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283 2007-01-12 12 Bloomberg [KUALA LUMPUR] Malaysia's plan to allow mobilephone users to switch network providers without changing numbers will probably lead to "cutthroat" rivalry among operators such as Telekom Malaysia, OSK Securities said in a report. Telekom, which owns mobile-phone unit Celcom, Digi.Com Bhd and MaxisBloomberg - 283 words
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533 2007-01-12 12 Reuters [WASHINGTON] The United States and Malaysia are making progress in talks this week on a free trade pact, but have many challenging issues left to resolve, the lead US negotiator said on Wednesday. Barbara Weisel, assistant US trade representative for theReuters - 533 words
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401 2007-01-12 12 It'll be busy with Synergy takeover this year: analysts AP [KUALA LUMPUR] Malaysian conglomerate Sime Darby has no plans to buy a stake in money-losing national automaker Proton, a senior executive said yesterday. Sime Darby was initially reported to be among three localAP - 401 words
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GREATER CHINA/INDIA
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370 2007-01-12 13 But the firm says the USs9b-12b project awaits official approval Reuters [NEW YORK/HONG KONG] Us Vegas Sands' proposal to develop a resort on a little-known Chinese island has won government support, the firm said yesterday, after its shares surged more thanReuters - 370 words
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Article, Illustration645 2007-01-12 13 The country now ranks as Asia's third largest market after Japan and HK Bloomberg [SHANGHAI] China's stock market surpassed USsl trillion in value for the first time, crowning an 18month rally that spurred the biggest series of state asset sales since theBloomberg; BLOOMBERG - 645 words
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244 2007-01-12 13 Bloomberg [HONG KONG] The yuan rose past the Hong Kong dollar in value for the first time in 13 years, underlining China's economic ascent and fuelling debate over whether to scrap the city's ex-change-rate link to the US dollar. China'sBloomberg - 244 words
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461 2007-01-12 13 Reuters [SHANGHAI] Bank of East Asia Ltd, Hong Kong's fifthbiggest bank, expects to become the first lender based outside the Chinese mainland to list there, deputy chief executive Chan Kaycheung said yesterday. The Chinese bank is also in talks with SingaporeReuters - 461 words
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134 2007-01-12 13 Reuters [MUMBAI] Pantaloon Retail India Ltd, India's top retailer, is likely to reach a franchise agreement with Burger King Holdings Inc, as part of of the US fast-food chain's plans to enter the country, the Business Standard reported yesterday, citing unnamed sources. Earlier mediaReuters - 134 words
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Advertisement1727 2007-01-12 13 IN THE MATTER Of IN THE MATTER OF THE IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO COMPANIES ACT CAP 50 3M ENTERPRISE <S) PTE LTD IN THE MATTER OF IN THE MATTER OF |N MEMBERS' VOLUNTARY LIQUIDATION) ROBINSON NUGENT ASIA PACIFIC PHOENIX TOWER LIMITED REGISTRATION NO. *****5404H an1,727 words
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MIDDLE EAST
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Article, Illustration619 2007-01-12 14 He wants to secure Baghdad and says failure in Iraq will be a disaster for US NYT [WASHINGTON] US President George Bush embraced a major tactical shift in the war in Iraq when he declared that the only way to quell sectarianNYT; REUTERS - 619 words
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322 2007-01-12 14 Reuters [TOKYO] Top oil exporter Saudi Arabia will deepen crude supply cuts to Asian refiners next month, in line with the Organisation of Petroleum Exporting Countries' (Opec) pledge to throttle back output from the start of February, industry sources saidReuters - 322 words
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456 2007-01-12 14 AFP [AßU DHABI] Gulf states need to pump US$523 billion over the next 25 years to lift their oil production capacity and meet a steady growth in global demand, according to a book published on Wednesday. But such investments could be hamperedAFP - 456 words
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336 2007-01-12 14 Reuters [DUBAI] Standard Chartered Pic is in talks to establish a presence in Saudi Arabia and has applied for a banking licence in the world's biggest oil exporter, a spokesman for the London-listed bank said on Tuesday. Confirmation of the bank's interestReuters - 336 words
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Page 14 Advertisements
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Advertisement180 2007-01-12 14 2007 BROUP TUT: AUDI A41.1T n BMW 3251 n LEXUS ***** mrtfue Exclusive jAi BAVARIAN PARMNSE JSffi 1000 KM IN BMW 80, IN ONE DAY mmmiimk —1 I A I] if srefflur^ EMBYOmnwSIWW! \fo\ t$L I Lianhe Zaobao I New CEO on I INTUC 11 R Choice 11 Homes'new jf180 words
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Advertisement33 2007-01-12 14 Farrtasiio value You can enjoy salads, soups, icecream, local desserts like ice kacang and tau suan plus fresh fruit for only $3*! With every order of a local or western delight from $6.90*.33 words
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Advertisement11 2007-01-12 14 Choose one Item from our setactiontoftocai favourites and get one °t >11 words
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Advertisement95 2007-01-12 14 Ju Ju Hotpot Tm'i KmmtMurmnt Penedu Centre *BIIS Pmrmdit Centre #«J -19 1W: 6336 MM W: U» MSB IPIHr Exclusively for Diners Club Carcfmembers: 10% off total bill T«w a Con<Mm> Promotion mM un«) 2» 2N7 Wmk mate poor reservations end quote Diner* Out Met Promotion Plea* present your Omen95 words
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ASIA-PACIFIC/WORLD
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Article, Illustration580 2007-01-12 15 DANIEL BUENAS - ASEAN Recommendations for Asean Charter to be presented to leaders at meeting By DANIEL BUENAS in Cebu PRIME Minister Lee Hsien Loong leaves today for Cebu, in the Philippines, to attend the 12th Asean Summit, which was originally scheduled for December but wasAFP - 580 words
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Article, Illustration365 2007-01-12 15 GENEVIEVE CUA - By GENEVIEVE CUA THE market for insurancelinked securities (ILS) could hit US$7OO billion globally by 2016, posting an annual compounded growth of 40 per cent. "The trend is for phenomenal growth," said Luca Albertini, managing director of Swiss Re and head of European ABS/ILS origination andSource: - 365 words
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422 2007-01-12 15 Media also warns of uprising against junta AFP [BANGKOK] Deposed Thai prime minister Thaksin Shinawatra yesterday branded the junta's crackdown on his activities as groundless, while a media watchdog warned that the military's new tough stance could provoke protest. On Wednesday, the foreign ministry saidAFP - 422 words
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Article, Illustration273 2007-01-12 15 JUDITH JACOB - By JUDITH JACOB SINGAPORE'S destiny is still intrinsically tied to the future of Asean although Singapore has signed a flurry of free trade pacts with many countries, according to Singapore diplomat Tommy Koh. "We want to compete more effectively with India and China,"273 words
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454 2007-01-12 15 Bloomberg, Reuters [TOKYOI NYSE Group Inc is close to an alliance with the Tokyo Stock Exchange that may extend its reach in the world's second-largest equity market. Tokyo Stock Exchange president Taizo Nishimuro "will be visiting either Washington or New YorkBloomberg, Reuters - 454 words
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309 2007-01-12 15 Bernama [SINGAPORE] Singapore has become the first country in Asean to meet the grouping's electrical and electronic equipment (EEE) agreement aimed at boosting intra-regional trade. The Republic's standards body, Spring Singapore, declared the islandstate's compliance with the agreement yesterday, almost fourBernama - 309 words
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WORLDWATCH
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72 2007-01-12 15 Bloomberg [NEW YORK] Cisco Systems sued Apple Inc over its new iPhone a day after CEO Steve Jobs introduced the device. Cisco sued Apple in US District Court in San Francisco, alleging use of the name violates its trademark. Apple failed to reach anBloomberg - 72 words
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61 2007-01-12 15 Bloomberg [NEW YORK] Buyout firm Cerberus Capital Management is considering a bid for Equity Office Properties Trust that may top Blackstone Group's US$36 billion offer, sources said. Chicago-based Equity Office, the biggest office landlord in the US, agreed on Nov 19 to Blackstone's US$2OBloomberg - 61 words
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Article55 2007-01-12 15 Bloomberg [LONDON] Man Group, the world's largest publicly traded hedge fiind manager, said assets under management rose above US$6O billion. Clients added more money in the final quarter 0f2006 than a year ago and investments gained. Fund sales reached US$2.5 billion in the quarter, whileBloomberg - 55 words
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42 2007-01-12 15 Reuters [MADRID] Spain's Supreme Court has lifted an injunction that effectively blocked Gas Natural's and E.ON's competing bids for Endesa. There is one more court block to unfreeze before the bids can move ahead. —ReutersReuters - 42 words
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Advertisement556 2007-01-12 15 ASA GROUP HOLDINGS LTD (Incorporated in Singapore) (Company Reg. No. *****8258 M) NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting of ASA GROUP HOLDINGS LTD (the "Company*) will be held at Meeting Suite 835, Bth Floor South Tower. Meritus Mandarin Singapore Hotel, 333 Orchard Road. Singapore *****7 on Monday,556 words
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Advertisement113 2007-01-12 16/17 'St.'' *il w i i 1 t sS|^H v; *^7,w-*^alf < Aii^&liayM^ l^i^jjfc^«*aßM««ag«»#»i''''*' > i^^H 1 .B* m» fe* '15BP rMfg^ii y/ wlrsn^^ :L Sßßi^W^BP ¥^BFrHli^r!^w* yaia 1 f in Bg UPlVsSlia f3BHp" S^EJIJfiRI |SH|HB^^^^H^9y|^HgHHft|iH^^^^^^^^^9RßPi SjHSOHNI lr fc£> :^»fl Ipl i ji jjk|fbsllc tpSggylSlMiPl > f I illl)VJfeaß^®rfPHsJfc^^^BHH®i^!^^ Developer CDI113 words
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AVIATION
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413 2007-01-12 18 GEORGE JOSEPH - By GEORGE JOSEPH isiNGAPORE] Singapore 'Airlines has signed a "total »care services" agreement UK based engine *naker Rolls-Royce for the tengine maintenance of its Jleet of 58 Trent powered JBoeing 777 aircraft. Rolls-Royce will provide bff-wing maintenance, repair and overhaul of jsngines as413 words
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Article, Illustration788 2007-01-12 18 Tail stabiliser and flight attendant seats found in sea and on beaches near Sulawesi town Reuters [MAKASSAR, Indonesia] Pieces of Indonesia's Adam Air jet, which vanished with 102 people on board, have been found on the ocean floor, officials said yesterday, afterReuters; AFP. REUTERS - 788 words
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489 2007-01-12 18 Banks to take 7.5% EADS stake from DaimlerChrysler in return for a loan Reuters [FRANKFURT] Germany has reached a solution to safeguard its influence in Franco-German aerospace group EADS by turning to a consortium of banks to temporarily take part ofReuters - 489 words
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347 2007-01-12 18 Bloomberg [ROME] Alitalia SpA's labour unions will stick to a plan to begin an indefinite strike against the state-owned airline on Jan 19, risking a fine after an Italian regulator ruled the walkout would breach labour law. "We are protesting because theBloomberg - 347 words
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Article2288 2007-01-12 18 an mot it* mmr rre jjOM ***** 1235 AdaiaidaLH9771 1740 IH9770 2350 1740 SQ2S9_I250 Ahmadahad SQ531 0745 AmctardamL***** 0645 KL838 2315 SQ323 0645 L***** 2345 EK433 0T30 SQ28? 0835 UL2433 0130 NZ4385 2100 SO282 0630 SQ285 2100 NZ4386 2015 EK432 2105 ***** 2015 UU432 2105 Bahrain2,288 words
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SHIPPING
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379 2007-01-12 19 GEORGE JOSEPH - Record year for PSA, but 10.5% fall in throughput for Jurong Port By GEORGE JOSEPH BOUYED by expanding trade around the world, PSA International turned in another record year when it handled 18.6 per cent more containers across its 20 port projects379 words
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124 2007-01-12 19 Reuters [SINGAPORE] Two barges carrying marine bunker fuel collided in the southern waters of Singapore yesterday, causing about 200 tonnes of oil to spill into the sea, Singapore's Maritime and Port Authority (MPA) said. The 2,800 gross tonne Fronteck barge sustained minor damages toReuters - 124 words
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Article, Illustration244 2007-01-12 19 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] The world's largest vehicle-carrying shipping line, Wilh Wilhelmsen, named its most recent addition to its fleet in a ceremony held at PSA Corporation's Pasir Panjang Wharves recently. The 61,321-gross tonne vehicle carrier, named Tortugas. has a capacity of over244 words
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388 2007-01-12 19 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] Singapore-based ship finance company First Ship Lease (FSL) has announced two sale-and-leaseback transactions worth US$56 million with Italianheld Siba Ships Asia. The German-controlled commercial finance company acquired two Handymax dry bulk carriers the MVEltanin and MVFomalhaut each with a388 words
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890 2007-01-12 19 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR PUNITIVE damages awarded in the Exxon Valdez oil spill off Alaska almost 18 years ago were reduced last month by a US appeals court from US$4.5 billion to US$2.5 billion on the basis of US Supreme890 words
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Advertisement167 2007-01-12 19 '1' -iO-. I M|t ,11 f <( 4f{j J r' f.,. JH|Hk FIRST ASIA SEA TRADES SDN BHD <o> A n established dry cargo shipping company, z\ FIRST ASIA SEA TRADES SDN BHD's -JL M market leadership in Malaysia echoes that of its parent company in Dubai. The Company is167 words
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EDITORIAL & OPINION
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Article532 2007-01-12 20 CEO pay the pitfalls of excess EDITORIAL FROM this year, indeed this month, investors of US public corporations should expect to get a good picture of the total compensation for the firms' top executives in annual reports and proxy statements in clear, concise tallies and plain English, that is, without532 words
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Article, Illustration737 2007-01-12 20 DAVID BROOKS - THE BOTTOM LINE DAVID BROOKS NYT IF the Democrats don't like the US policy towards Iraq over the next six months, they have themselves partly to blame. There were millions of disaffected Republicans and independents ready to coalesce around some alternativeNYT - 737 words
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Article, Illustration1290 2007-01-12 20 AMIT ROYCHOUDHURY - Its economy is poised for growth but messy state level politics hinder prosperity AMIT ROYCHOUDHURY Correspondent TWO recent news items from India highlight the opportunities as well a 9 the pitfalls faced by investors in that country. While one item shows how muchAFP - 1,290 words
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Article, Illustration1005 2007-01-12 21 LEON HADAR - LEON HADAR Washington Correspondent A FEW years ago, I interviewed a now retired US Congressman who revealed to me that although he represented a district in a Midwestern state aka "America's Heartland" where God is as American as Motherhood and Apple Pie, heFILE PHOTO - 1,005 words
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Article401 2007-01-12 21 Leong Sze Hian Singapore - LETTER TO THE EDITOR Leong Sze Hian Singapore I REFER to the article "Trust fund set up to help needy pupils" (BT, Jan 11). According to the Ministry of Education's (MOE) website, it was announced at the "Lee Wee Kheng fund for needy children award401 words
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Article, Illustration878 2007-01-12 21 JOHN LIU - By JOHN LIU Bloomberg ZHENG Chengzhu started researching surgeries to treat weight-related illnesses in China 12 years ago, when he saw his countrymen getting richer and fatter. Now Dr Zheng, 47, chief of surgery at Shanghai's Changhai Hospital, is a profiting from a fastgrowing market.Bloomberg; BLOOMBERG - 878 words
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Article10733 2007-01-12 22 SGX MAINBOARD Transaction date: Jan 11 52-Wk T«1 Last Vol Day Lot Quota Dtv GrVM Net MCap High Law Ml Company Sato ('000) High Low iuyr W> Cot HI taj 35 1 5716 1st Software 2 susp 11 113 6 3148 8Telecom 9.5 unch 370 9 5 9510,733 words
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Advertisement36 2007-01-12 22 Trade 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 TVaded Funds and Indices Competitive Commission charges Z36 words
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Article5835 2007-01-12 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES hi tool cmr ta S$ lm USJ dy ft <ty %yt dy %yr Jan <0 *nd«» ehma» Chjtfty Puny Pang* Changt Omijl WwMlntaPreSrranary ***** ID 73 -Q7 163 I EAft lltlMWWy 109*6 -1j0 U9 -U 113 -13 208 Europe 1485J CI 15J <95,835 words
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Advertisement1720 2007-01-12 24 UK CONTINENT SERVICE 11.5.A SERVICE Destination Destination DD SUCCESS RDM/ATW/BMN/TLB/NAN XU CHANG HAI LAX/VCW/MZL MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Ai w Loads E./W. Malaysia, Indonesia > MIDDLE-EAST SERVICE F.E./S.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.1,720 words
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Advertisement764 2007-01-12 24 jINTIRASIA ROtO SBtVWi vpsa/vor ramppcd hbgmtw pro «h u» sm jkt STRAITS EXPRESS 2 30 4 2S/D1 28/01 30/01 straps express 3 30 4 02/02 04/02 01/02 11/02 13/02 [STRAITS EXPRESS 4 I 30 I 4 02/03 04/03 08/03 11/03 13/03 IAUfIIAIIUI MMA mUM 1 AUiTßnilAri lilflti VBSa/VOT OAMPpn) IHBGHUM)764 words
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Advertisement1455 2007-01-12 25 WAN HAI INTERNATIONAL PTE LTD CRNO: i<*****000C/R \am\ WAN HAI LINES S^ 6^/"®^S^^ 6 2 2 4^?*****2M V V ""Hll lini hlllhiJ nnbmJMMMMiimxMznnmii&MauwofiUbMznMn Y JOHHL(O7)2SIW2)F*Jfc|O7)2SIIWI SIM 1H: 1031) 32V547S FAX: (031)32*7714/37*1 JOS www wonhni tarn (a *rm:|e!l) 57S41MRULI071) 52S47MnAlH:/IUIO/71UI1 MJb/IW* M 1L |0tl) 4157H3 HUfc (Otl) *****25/*****00 I'vesa I ypr1,455 words
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The Business times Shipping Times
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5931 2007-01-12 26 ETA ETA Advertiser VmmI Voyage Telephone SM Desfn Name Name Number Number To ABU DHABI (AUH) 2004 U. A. Emirates 22)01 05/02 SCI HAMMONIA PAIATIUM 702W *****355 29*01 12/02 SCI EMIRATES KABIR 703W *****355 To ADELAIDE (ADL) 2007 Australia 21/01 09/02 China Shpg ANL5,931 words
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Advertisement481 2007-01-12 26 tigxQßsm IRISL, ki S!^Mte o® OlhF&ajgjlh Ibfflt) QtexsHJungj fax? Q® Suo[kllD<sl ipsfllAlite to to®) (33 OS qowMbq to (rtfo© (femtesi) Mum* SINGAPORE REGIONAL OFFICE: AQEHT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INOONESIA IRISL ASIA PTE LTD SINOSE MARITIME PTE LTO BOUSTEAO SHIPPING AGENCIES SDN BHD PT. BINTANG TATABAHARI TFL-481 words
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Advertisement437 2007-01-12 26 FfiTm^nTTrm \tUUMk IWH IMlllMll PMWTH 9314 M/H Otfa "Brt nffis T?7BT t!V MmW ffll $751 fan I MIBMB Hg |lyjyj|j^ K"]iTi; r?aa 6 jii I ilisi I I rasas" las 1 few Iffllj Iml iiiill VESSEL VOT SIN rum GUMNG OffTTAGONC n» =m= iiii I Dill mI pi pi I437 words
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ENTERTAINMENT/WINE
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Article, Illustration532 2007-01-12 28 PARVATHINAYAR - 'Pan's Labyrinth' meshes the personal and the political, says PARVATHINAYAR PARVATHINAYAR YOU know a film is interesting when it can be described using colourful and opposing adjectives: disturbing and uplifting, realistic and fantastical, violent and tender. Pan's Labyrinth is all of that, and532 words
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394 2007-01-12 28 GEOFFREY EU - By GEOFFREY EU HOLLYWOODLAND is one of those noir-ish thrillers about the soiled, slightly seamy side of Los Angeles in the *****, where everyone wants to be a movie star (or at least to sleep with one some things never change) and where394 words
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Article, Illustration528 2007-01-12 28 GEOFFREY EU - By GEOFFREY EU WHEN a cuckolded Englishman responds by forcing his wife to accompany him on a mercy mission to the disease-ravaged Chinese countryside, far from safety and the unwanted distractions of 1920s Shanghai, you know he isn't exactly the forgiving type. As a528 words
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349 2007-01-12 28 PARVATHI NAYAR - By PARVATHI NAYAR "MILK curdles in hot tea," says the assassin T played by Hong Kong actor Francis Ng explaining his fastidious teadrinking routine of always pouring the milk into the cup first; "sometimes it's not the ingredients, but the order in which349 words
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Article, Illustration408 2007-01-12 28 JAIME EE - TV By JAIME EE IF you're wondering why Dr Gregory House (Hugh Laurie) has suddenly put on weight and lost all his hair, don't worry. Your brain isn't playing tricks on you. 3 Lbs is the latest formulaic medical drama408 words
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Article1032 2007-01-12 28 N K YONG - By N K YONG THE most frequent question I am asked is: "Is this a good year? Is it as good as year xxxx?" When I am asked this, I try and figure out what the questioner expects or wants to hear. Does he really1,032 words
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ARTS/FOOD
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Article, Illustration838 2007-01-12 29 PARVATHI NAYAR - Indian artist finds meaning in artful manipulation of images, writes PARVATHI NAYAR PARVATHI NAYAR THE skinny building, etched out against the stark whiteness of the huge 78 x 59 inch print seems oddly familiar, like the anorexic twin of someone you know. As it turns out, the838 words
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Article, Illustration569 2007-01-12 29 CHEAH UI-HOON - By CHEAH UI-HOON SINGAPOREANS can be transported back to Europe in the 1920s without having to buy a plane ticket in March, when a gourmet and arts experience called The Crystal Mirror rolls into town. The newly-produced gourmet dining and arts affair will569 words
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Article, Illustration352 2007-01-12 29 IF you're suffering from post-Christmas blues, there is still one way you can cling on to your visions of sugar plums. Just eat pie. More specifically, the Galette des Rois, a very traditional French pastry also dubbed "The King's Pie"352 words
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Advertisement163 2007-01-12 29 mmk IB ■H ■SB |H J M.- s§ Mm i. BH Hh fiv Hi 1« v HH HR H jP Ej L mm wB& 4 II v iLilf H Hp v WM H Hj I B hSSSk! Slß| P 'ifgPtwil Rack of lamb Si K iP^l HHB Marinated with lemongrass163 words
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Page 29 Miscellaneous
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Miscellaneous168 2007-01-12 29 CRYPTIC CROSSWORD down''' 1 Despite being injured, mother 1 Come in second, 8 Traill aot on (7} Entire triangle is out of true 9 Cardamons, 11 Interpret, 12 -> d,,w r,r Q c«r,, Q (8) Smith, 13Eindhoven, 16Aweto, 18 self in trouble (3 2 13) 17 Said I was headhunted?168 words
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executive lifestyle
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Article, Illustration1566 2007-01-12 30 PARVATHI NAYAR - The changing tastes of moviegoers here is fuelling the growth of non-mainstream films, writes PARVATHINAYAR PARVATHI NAYAR Jf m 0k unqualified jf m g\ masterpiece. My fave M film this year." So M says an entry'on m movie forum sgfilrns.com. The M film in questionFILE PHOTO; ARTHUR LEE - 1,566 words
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Advertisement16 2007-01-12 30 1 ARTS Stretching IM<Mi p AGE 29 Off the Cuff column wiH return after two weeks16 words
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