The Business Times, 18 January 2007
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2007-01-18
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The Business Times
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Title Section21 2007-01-18 1 THE BUSINESS TIMES SINGAe6RKBS ceo#- A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 202/12/2006 Thursday, January 18,2007 online at http://business-times.asia 1 .com.sg21 words
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Article, Illustration765 2007-01-18 1 ARTHUR SIM - Smaller, more luxurious resort will feature F&B, spa, health and beauty facilities By ARTHUR SIM [SINGAPORE! The Southern Islands may play home to Singapore's third integrated resort, but sources say it will be on a smaller and more luxurious scale than either of the765 words
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Article, Illustration527 2007-01-18 1 VINCENT WEE - Big dent caused by 19% plunge in electronics exports, says IE S'pore By VINCENT WEE [SINGAPORE] Singapore's non-oil domestic exports (NODX) fell a sharper-than-expected 14.2 per cent to $13.8 billion in December due to a continued slowdown in the electronics sector,Source: IE Singapore - 527 words
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Page 1 Advertisements
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Advertisement28 2007-01-18 1 OPTIONS Mmm probe I BizlT Frontline steps up regional expansion page 27 Polycom unveils new telepresence' solution PAGE 29 BizlT Roundtable: The workplace ■Hll goes mobile page 3028 words
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Advertisement17 2007-01-18 1 PROPERTY SC Global to launch high-end project by Q3 PAGE 26 8! ***** Markets Digest Page 317 words
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Advertisement17 2007-01-18 1 COMMENTARY IsUnifibera worthwhile bet? PAGE 4 PCCW DEAL poise. performaM Hk PROMISE BEYOND _^gi ;■-'-.g. -v— -y17 words
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TOP STORIES
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Article, Illustration568 2007-01-18 2 JANE MOIR - Concerns arise over whether mainland officials interfered in botched deal By JANE MOIR in Hong Kong HONG KONG authorities were put on the defensive yesterday over the politicised PCCW debacle, as lawmakers sought further details of mainland intervention in the botchedAP - 568 words
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Article44 2007-01-18 2 IN the report, "PDC to invest US$5O million to grow corn and coffee'in Indonesia" (BT, Jan 16). we wrongly gave the number of new shares that PDC is placing out as 247,000. It should be 247 million. We are sorry for the error.44 words
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Article436 2007-01-18 2 CapitaLand to sell stake in Samsung Hub CAPITALAND is said to be close to finalising a deal to sell its stake in' Samsung Hub on Church Street to Ho Bee for over $140 million. BT understands that the price works out to almost $1,400 per square foot, based436 words
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Article, Illustration402 2007-01-18 3 JANICE HENG - It'll fund Duke-NUS Graduate Medical School research By JANICE HENG [SINGAPORE] The estate of Khoo Teck Puat has agreed to give $80 million to the National University of Singapore (NUS), in what could be the second biggest donation to a tertiary instituteYEN MENG JIIN - 402 words
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342 2007-01-18 3 KALPANA RASHIWALA - Ho Bee to pay almost $1,400 psf for eight floors in the building By KALPANA RASHIWALA [SINGAPORE] Capita Land is said to be close to finalising a deal to sell its stake in Samsung Hub on Church Street to Ho342 words
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Article131 2007-01-18 3 sn 3,037.66 (-0.55) ST INDEX FUTURES 3.039.00 (undi) siMsa 369.86 (+0.31) SIMSa FUTURES 370.60 (+0.80) MARKETS Wednesday Change KLCOMP 1,139.71 +7.10 NIKKEI 225 17,261.35 +58.89 HANG SENG 20,064.57 +36.62 SET INDEX 651.47 -4.43 JAKARTA COMP 1.758.48 +4.19 MANILA COMP 3,041.56 -28.73 SEOUL COMP 1,379.48 -10.23 SHENZHEN B 506.97131 words
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Page 2 Advertisements
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Advertisement179 2007-01-18 2 people Corporate matchmakers. wvvw.thepeopieatwork com Asia-Pacific Executive Search </*?»'* jMM? fJtWi'K M<r»f.)|)WHUl*M 'My m'.ljpW I'll iml liltT<i(t<rtmn <11 i.i'ill'i| Illh i T Mjljt -4 lT Z m THE ALL-NEW VOLVO SBO. 'I THE LUXURY CAR THAT KNOWS f LIFE IS THE GREATEST LUXURY OF ALL. {<8 v-# *4T V»V'>"V. "'y179 words
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Advertisement116 2007-01-18 3 Crimson Logic eTrade Services Pte Ltd Crimson Logic eTrade Services is focused on providing world class products and services to the private sector in the trade, logistics and manufacturing industry. Our mission is to enable businesses to connect and collaborate seamlessly with their global value chain partners anytime, anywhere. Our116 words
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COMPANY NEWS
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Article863 2007-01-18 4 TEH HOOI LING - HOCK LOCK SIEW By TEH HOOI LING IT IS hard to win back investors' confidence after as harrowing an experience as seeing a stock plunge 50 per cent in a span of two hours. That's what happened to United Fiber System on April 18, 2005,863 words
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Article, Illustration580 2007-01-18 4 KALPANA RASHIWALA - Firm now closer to big redevelopment on Orchard Rd By KALPANA RASHIWALA HOTEL Properties Ltd (HPL) is paying $83.2 million to buy out its partners in the company that owns Forum along Orchard Road, in a deal that values the freehold property at $380 million.FILE PHOTOS - 580 words
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Article, Illustration564 2007-01-18 5 VEN SREENIVASAN - New company to maintain carrier's entire aircraft fleet By VEN SREENIVASAN IN a move which confirms its position as the sole fleet maintenance specialist for the region's only long haul budget airline, Singaporelisted A-Sonic Aerospace has established a joint venture with a564 words
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573 2007-01-18 5 WEE LI-EN - Shareholders vote today to appoint board proposed by Cui, Ng By WEE LI-EN IN a dramatic end to the boardroom tussle at Hengxin Technology, four executive and independent directors have resigned, leaving only two nonexecutive directors on the board. Last month, shareholders Cui573 words
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351 2007-01-18 7 ANGELA TAN - By ANGELA TAN ELECTRONIC waste management and recycling group Enviro-Hub Holdings Ltd yesterday said it will distribute the entire 62 per cent of its stake in subsidiary HLS Electronics Pte Ltd to its shareholders and plans to list HLS on the Singapore Exchange351 words
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Article, Illustration451 2007-01-18 7 RONNIE LIM - Magnus and Daim family in talks on oil and gas projects in Africa, Indonesia By RONNIE LIM FORMER Malaysian finance minister Daim Zainuddin's son, Wira Dani, has increased his stake in Ses-daq-listed Magnus Energy to 10.6 per cent, more than double451 words
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Article, Illustration421 2007-01-18 7 WEE LI-EN - By WEE LI-EN ALLOY wheel maker China Wheel Holdings will start construction of a third plant that will add five million wheels to the company's current annual production capacity of 3.6 million wheels. The projected investment is 780 million yuan (Ssl 54.1 million),FILE PHOTO - 421 words
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346 2007-01-18 7 JUDITH JACOB - By JUDITH JACOB PACIFIC Healthcare Holdings Ltd announced yesterday that it has signed a contract to design and manage a US$25 million healthcare facility in Vietnam, a move that will elevate the medical group's regional status. "The centre in Hanoi will further346 words
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COMPANY BRIEFS
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47 2007-01-18 7 CK TANG yesterday announced that Tang Wee Sung, through Kerith Holdings, had received valid acceptances for about 3.98 per cent of its shares as at spm yesterday, taking the total stake owned by Mr Tang to 73.08 per cent.47 words
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85 2007-01-18 7 CHINA Hongxing Sports has signed an agreement with North Korea's Olympic Committee to be the official sportswear sponsor for the North Korean team in the 2008 Beijing Olympics. The North Korean athletes will wear its Erke brand sports footwear, apparel and accessories during85 words
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63 2007-01-18 7 ALLCO Reit yesterday announced a $125.3 million, or 17.9 per cent, increase in the value of its direct real estate assets as at Dec 31. Its Singapore properties at China Square Central and 55 Market St rose in value by an average of63 words
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67 2007-01-18 7 Bloomberg TOTAL Access Communication, Thailand's second biggest mobile phone company, has sought an injunction to stop state-owned TOT Corp from suspending its access to the country's fixed-line network. TOT on Tuesday threatened to block 1.5 million new numbers each of Total Access and TrueBloomberg - 67 words
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Article49 2007-01-18 7 TUAN Sing (Australia) Pty yesterday said it has extended its takeover offer for Australia's Grand Hotel Group to Feb 6. Tuan Sing, which owns 25 per cent of Grand Hotel operator of the Hyatt chain in Australia —is offering A 51.40 a share cash.49 words
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Article62 2007-01-18 7 MFS Technology yesterday reported a 37 per cent drop in net profit to $9.05 million for the three months ended Dec 31. Turnover fell 12 per centto $106.16 million. Its sales were hit by the fall in the value of the US dollar.62 words
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Article44 2007-01-18 7 FM HOLDINGS, which makes giftware for international brands, has won US$2.5 million worth of orders for the Beijing Olympics in August 2008. The orders represent 23.4 per cent of its first-half FY2007 turnover of HK$B3.5 million (5516.5 million).44 words
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42 2007-01-18 7 ST Electronics yesterday said the Botswana government has commissioned a Crime and Criminal Recording System that it implemented for the Botswana Police. The system was delivered by ST Electronics' subsidiary, ST Electronics (Info-Software Systems) Pte Ltd.42 words
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Page 4 Advertisements
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Advertisement215 2007-01-18 4 They hejp j OJMft patience and maturity! they are better j 1 j HB HI! ab/e to engage customers. Results? w §H l p 9 f I i v i JW| Mr Chan Tee Seng, Geneml Mamger 1 I NTUC income «B If fk MH I 8 F F jl215 words
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Page 5 Advertisements
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Advertisement99 2007-01-18 5 fcAVE TAX Our qualified professionals J can assist you with offshore structures, shelf companies MMrJ and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands ZE Bahamas I Mauritius Hongkong Samoa Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for99 words
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Advertisement18 2007-01-18 5 MILLENNIUM COPTHORNE INTERNATIONAL ■ggRESS For more offers on travel, dining and retail in Singapore and overseas, visit www.amexselects.com.sg18 words
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SINGAPORE MARKETS
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Article, Illustration522 2007-01-18 6 R SIVANITHY - STOCKS Index again soars in the morning before giving up its gains by day's close, amid slower market momentum R SIVANITHY Senior Correspondent Momentum in the local stock market slowed considerably yesterday with prices softening across the board in reduced volume. The obsessionSource: Bloomberg - 522 words
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Article, Illustration995 2007-01-18 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 17 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director SeB '000 Shr < COOP) (000) Magnus Energy 16-Jan-07 Md Wira Dani *Buy ***** 0.21 *****0 6.63 *****0 10.60 Futuristic Grp 16-Jan-07995 words
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Article, Illustration940 2007-01-18 6 UMA SHANKARI - Compilead by UMA SHANKARI A-REITS3QO7 distribution per unit (DPU) of 3.2 cents represents 25 per cent and 26 per cent of consensus and our full-year forecasts respectively. With our FYO7 DPU forecast already 77 per cent fulfilled and considering that 27 International Business Park, A-Reit's latest acquisition, will beSource: Bloomberg - 940 words
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Article, Illustration520 2007-01-18 6 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar continued its comeback yesterday, although fresh Chinese yuan advances kept the greenback's gains more modest in Asia. The Canadian dollar took an especially large 0.8 per cent hit to C 51.1751 per US dollar as oilSource: Reuters - 520 words
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Page 7 Advertisements
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Advertisement174 2007-01-18 7 I Kuriva Set Lunch has everything I from Salad to Main Course to I Soup and more to get you through I a hectic day. Besides, price starts I from 19.80 only! Choose from I five different fulfilling sets today. I Himono Set Salmon Teriyaki Set I Sashimi Set AS174 words
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Advertisement66 2007-01-18 7 TAKE YOUR OWN SWEET TIME WITH THIS TALL, DARK AND HANDSOME MODEL Feast on a lavish spread of European and Asian delights at the ever-popular Euro-Asian Buffet Priced from $28+++ (adult), $17+++ (child) For reservations, please call 6290 8218. O V A PARKROYAL ON BEACH ROAD 7500 Be** Road Singapore66 words
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SINGAPORE INTERNATIONAL
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Article2220 2007-01-18 8 ANNA TEO - Doing business in Russia is no harder than elsewhere for hurdles such as language and culture can be overcome, reports ANNA TEO ANNA TEO MOSCOW may have become something of a new travel hotspot for Singaporeans, what with the launch of Singapore Airlines flights to2,220 words
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Article, Illustration568 2007-01-18 8 MANAGERS connected with Changi Airport are to help operate a new terminal at Moscow's main airport. As well as the joint-venture deal for Changi Airports International (CAI) to help operate the new Tertninal 1 from April, discussions are also under way for the joint568 words
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Page 8 Advertisements
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Advertisement15 2007-01-18 8 Russia-Singapore Business Forum Co-organisers Singapore Embassy W INTERNATIONAL 1 SSS in Moscow TROIKA DIALOG Singapore15 words
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Advertisement50 2007-01-18 8 ENTERPRISE THE BUSINESS TIMES SINGAPORE Singapore Hmnpon hilwnlluoal h > wwfcjy. mtrtwt-focuMd Mrtot brought to you by II Singapore and Tha Mnw Tlmat. It Singapore is an iHylu fJt artfi >i _lt_ iiirn f tr>f»«ri r n ■yvi Kj unor int pwrwury or inot #no inQurry nwping wtuprtM wpoft md50 words
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SINGAPORE NEWS
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402 2007-01-18 9 THE reasons for and the timing of the government's recent decision that Goods and Services Tax (GST) may have to go up have been spelled out by Senior Minister Goh Chok Tong. Speaking on Tuesday at the close of a trip402 words
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Article, Illustration601 2007-01-18 9 MATTHEW PHAN - S'pore companies also urged to take equity stakes, not just sell services Reports by MATTHEW PHAN in Abu Dhabi SENIOR Minister Goh Chok Tong has urged Singapore companies to partner firms in the Middle East, and move into upstream activities in the energy601 words
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349 2007-01-18 9 WEE LI-EN - By WEE LI-EN EMPLOYERS seeking to advertise job vacancies in Singapore Press Holdings (SPH) newspapers or online platforms will have to make sure their ads are not discriminatory. In support of fair employment practices, the Tripartite Alliance for Fair Employment Practices (Tafep) said349 words
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Article271 2007-01-18 9 COE for small cars sees slight rise IN yesterday's bidding for certificates of entitlement, Category A, for cars below l,600cc, edged up $177 to $11,881. Cat B, for cars above 1,600cc, fell $1,001 to $12,000. CatE, the open category, slipped $702 to $12,599. Cat C, for commercial vehicles,271 words
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829 2007-01-18 9 WONG WEI KONG - NKF CIVIL SUIT By WONG WEI KONG FORMER National Kidney Foundation chief executive TT Durai, who conceded last week on claims levelled by the new NKF board in its law suit against him and three former directors, could829 words
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270 2007-01-18 9 SIOW LI SEN - By SIOW LI SEN SINGAPORE banks are working with major payment card providers in the global fight against child pornography. The Association of Banks in Singapore (ABS) said yesterday its nine credit card issuing member banks will work with major270 words
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Page 9 Advertisements
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Advertisement1216 2007-01-18 9 CATS NOTICES F7RA EZRA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****1411N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Ezra Holdings limited (the 'Company") will be held on 9 February 2007 at the Meeting Room, 15 Hoe Chiang1,216 words
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ECONOMY WATCH
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547 2007-01-18 10 Rato cites soft landing in the US, China continuing to post 10% growth AFP, Reuters [WASHINGTON] IMF chief Rodrigo Rato said on Tuesday that the world economy remains robust with the US set for a "soft landing" and China extendingAFP,; Reuters - 547 words
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172 2007-01-18 10 Reuters [BANGKOK] The Bank of Thailand yesterday cut its new policy rate, the oneday repurchase (repo) rate, to 4.75 per cent from Tuesday's market close of 4.9375 per cent. The central bank said its decision, following a switch from the 14-day repo rate, wasReuters - 172 words
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Article, Illustration458 2007-01-18 10 Bloomberg, Reuters [BEIJING] China says the price of Brentgrade crude oil may range between US$6O and US$65 a barrel this year, lower than levels recorded last year, as global supply rises. Increased supply from non-Opec producers, changing weather patterns, theBloomberg,; Reuters; BLOOMBERG - 458 words
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Article6642 2007-01-18 10 UNIT TRUSTS FUNDS ABH Amro Asset Mat (S'porc) Star Europe Eqty'** 1055/ Star Europe Bond 1174/ Star Europe Bal 1.223/ Star Asian Tiger E<£r 1324/ Star Asia Bond 1315/ Star Asia Balanced 1 103/ Star Global Technology Fund! 0223/ MutoSlW 0 984/ Star Asia Bond(USD) 0853/ Gft) Muto St USD6,642 words
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Page 10 Advertisements
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Advertisement22 2007-01-18 10 You can now use you CPF savings to invest AllianzGI RCM Global High Payout Fund. Visit our appointed distributors for more details.22 words
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MALAYSIA/INDONESIA
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643 2007-01-18 11 LAUREL TEO - OCBC's re-entry signals desire to participate in Indon market's sterling performance By LAUREL TEO in Jakarta WHEN news broke officially last week that OCBC was moving to buy a substantial chunk of the Jakarta bourse-listed Trimegah Securities, it made hardly a splash on the Singapore643 words
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Article, Illustration443 2007-01-18 11 Authorities battle to curb outbreaks of disease in south Bernama, AFP [KUALA LUMPUR] The government has allocated RM3SO million (*****.7 million) for repair works on infrastructure damaged by the recent floods in Peninsular Malaysia with RMISO million for Johor, theBernama,; AFP - 443 words
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333 2007-01-18 11 Bloomberg, Reuters [DETßOlT] General Motors Corp (GM) chief executive officer Rick Wagoner, seeking to boost sales in emerging markets, said talks with Malaysia's unprofitable carmaker Proton Holdings Bhd are at an early stage. "There have been conversations, not extensive," Mr Wagoner, head of theBloomberg,; Reuters - 333 words
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BRIEFLY ASIA
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66 2007-01-18 11 AP [BEIJING] China's annual trade with Taiwan reached a record US$100 billion last year, Xinhua news agency said yesterday, highlighting thriving business ties despite their lack of political relations. Tourism between the two is also booming. Taiwanese made more than 4.4 million visits toAP - 66 words
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Article56 2007-01-18 11 AFP [TAIPEI] Newly discovered earthquake damage to undersea cables and bad weather could delay the complete restoration of Asian Internet services until next month, telecom officials said yesterday. A spokesman for Taiwan's Chunghwa Telecom said engineers had found new damage to cables servicing China, putting backAFP - 56 words
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68 2007-01-18 11 Bloomberg [KUALA LUMPUR] Malaysia's negotiations with independent power producers to cut the amount state utility Tenaga Nasional pays them for electricity may be completed as early as this month, Energy Minister Lim Keng Yaik said. "We want to lower the capacityBloomberg - 68 words
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59 2007-01-18 11 Reuters [NEW YORK] Dunkin' Brands opened its first Dunkin' Donuts store in Taiwan yesterday as part of a broader regional push, The Wall Street Journal reported. The company plans to sign agreements in the next six months to open its coffee and donut shopsReuters - 59 words
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309 2007-01-18 11 Global slowdown expected to hit M'sian exports Reuters [KUALA LUMPUR] Malaysia's economic growth is likely to ease to 5.2 per cent this year from an estimated 5.9 per cent in 2006, as a subdued global outlook dampens exports, a leading thinkReuters - 309 words
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167 2007-01-18 11 AP [KUALA LUMPUR] Malaysia's trade minister said yesterday that a free trade pact with the United States is unlikely to be concluded before a July 1 deadline. "If they want to finish by July, I do not see it happening because there areAP - 167 words
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Article2497 2007-01-18 11 VOL J—17 Mi *4- r«W) ASM Realty 145 -0.01 11 AbricBhd 030 -0.02 200 Acp Industries 133 0.01 165 Aifcance Synergy 035 0.01 762 Advent* Bhd .0J9 -0.03 142 AeMuIti Hldgs .03$ -0.01 50 Affin Holdings 1.93 unch 1621 Ahmad ZakiResou 3.62 0.01 130 AicCorp .....0.75 -0.01 8942,497 words
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GREATER CHINA/INDIA
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583 2007-01-18 12 ANALYSIS Low costs for QIPs could also be bad news for banks arranging sales Reuters [MUMBAI] Indian companies are thinking globally but acting locally, thanks to a faster, cheaper way of selling shares to big foreign investors without having to leaveReuters - 583 words
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220 2007-01-18 12 Reuters [BEIJING] China will soon require all its deposittaking financial institutions to join a deposit insurance system in a long-awaited move that aims to prepare banks for more market liberalisation, state media reported on Tuesday. Beijing has introduced a range of measuresReuters - 220 words
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298 2007-01-18 12 Reuters [TAIPEI] Global banking giant HSBC Holdings yesterday said that it will buy Taiwan's Chailease Credit Services Company as the bank aims to tap the world's second-largest factoring market Factoring companies help exporters collect receivables and provide funding against receivables. HSBC will buyReuters - 298 words
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239 2007-01-18 12 Reuters [BANGALORE] Wipro Ltd, India's third-largest software exporter, said yesterday that quarterly profit rose a better-than-expected 40 per cent on more outsourcing deals, sending its shares to a near seven-year high. But the company cautioned that profit margins in the currentReuters - 239 words
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291 2007-01-18 12 Economic Times [NEW DELHI] In a bid to bypass the controversial first right of refusal (RoFR), which Essar says it enjoys if its joint-venture partner Hutchison were to sell its 67 per cent stake in Hutchison Essar, some of the bidders in the frayEconomic Times - 291 words
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Article, Illustration376 2007-01-18 12 But officials warn labour shortage could curb growth AFP [MACAU] Gambling haven Macau saw tourist arrivals soar 17 per cent year-on-year in 2006, when a record 22 million people visited the southern Chinese city's booming casinos, authorities said yesterday. Twelve millionAFP; REUTERS - 376 words
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Page 12 Advertisements
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Advertisement182 2007-01-18 12 @B&0Sk 35,000 nautical miles. 12 cities. 10 months. V. r V* :V 1 4 \f H The Qipper Round the World Yacht Race presents a brave new world to those with the dare and tenacity to take up the challenge of cross-ocean sailing. Last year, some 30 Singaporeans rose to182 words
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ASIA-PACIFIC/WORLD
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424 2007-01-18 13 OUR CORRESPONDENT - By OUR CORRESPONDENT in Bangkok THAILAND'S dispute with Singapore over the visit of former premier Thaksin Shinawatra will not escalate and will not affect economic cooperation between the two countries, Thai Deputy Finance Minister Sommai Phasee said yesterday. "Singaporean investors also won't be pulling424 words
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Article, Illustration595 2007-01-18 13 CHUANG PECK MING - Squatter colonies surrounding city centres threaten political stability By CHUANG PECK MING in Hanoi VIETNAM'S biggest problem is the rush of rural people to the cities as the country industrialises in the next 2-3 decades, Minister Mentor Lee Kuan YewLIANHE ZAOBAO - 595 words
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Article418 2007-01-18 13 LATEST US DATA No inflation scare as one-time factors led to rise: analysts AFP, Reuters [WASHINGTON] US wholesale prices jumped 0.9 per cent in December, the LaDepartment reported yesterday, but analysts said the report does not signal a resurgence in inflation. Meanwhile, US industrialAFP,; Reuters - 418 words
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352 2007-01-18 13 Bloomberg, NYT [HONG KONG] Samsung Electronics and Hynix Semiconductor have led a decline in Asian semiconductor-related stocks, after Intel Corp reported a profit decline and forecast margins that missed analysts' estimates. Shares of Samsung, the world's sec-ond-largest chipmaker after Intel, fell 1.8 perBloomberg,; NYT - 352 words
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136 2007-01-18 13 AP [WASHINGTON] US Senator Barack Obama launched a presidential campaign that could make him the first black to occupy the White House, and he immediately tried to turn his political inexperience into an asset with voters seeking change. The freshman Illinois senator and topAP - 136 words
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196 2007-01-18 13 Bloomberg [NEW YORK] JPMorgan Chase Co said earnings rose 48 per cent to a record in the fourth quarter on gains from investment banking and trading, capping its most profitable year ever. Profit from continuing operations at the third-big-gest US bank climbed to USs3.9lBloomberg - 196 words
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Page 13 Advertisements
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Advertisement53 2007-01-18 13 Bp SSKSS"" I I nhoe P<> W °r Reproduction ofSPH material without licence or permit amounts to an infringement ofSPH's copyright under the law. SPH reserves the right to seek full recourse in respect of such an infringement. "SPH material" includes ail SPH publications: newspapers and magazines, in print, electronic53 words
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AVIATION
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Article, Illustration708 2007-01-18 14 It says wiring problems close to being resolved with technical solution Bloomberg, AFP (PARIS] Airbus SAS, the world's largest maker of commercial aircraft, will post a loss for 2006 after delays to the A3BO superjumbo jet increased costs and led customersBloomberg,; AFP; FILE PHOTO - 708 words
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394 2007-01-18 14 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Mike Barclay, the affable chief executive of Silk Air and a 15year Singapore Airlines (SIA) veteran, is leaving the airline group to join the International Air Transport Association (lata) as its Sin-gapore-based regional vicepresident. Replacing him is Chin Yau394 words
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274 2007-01-18 14 AP IBUELACH, Switzerland] Former Swissair executives proclaimed their innocence on Tuesday as Switzerland's biggest corporate trial began, with one blaming the Sept 11 attacks for the airline's bankruptcy. The first two of the 19 former top executives, board members and consultants charged in theAP - 274 words
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343 2007-01-18 14 Reuters [JERUSALEM] Israel will this year issue all commercial airlines that fly to its territory with a locally invented pilot identification system designed to prevent Sept 11-style attacks, Israeli officials said on Tuesday. without the "Code Positive" system, which willReuters - 343 words
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LOG BOOK
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79 2007-01-18 14 Bloomberg [HONGKONG] China's three biggest airlines said their parents have not received any written documents regarding capital injection from the government of up to 20 billion yuan (S$3.9 billion). China's government is likely to spend more funds on Air China, China Eastern AirlinesBloomberg - 79 words
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106 2007-01-18 14 Reuters [PARIS] Airbus unveiled a US$l billion order from India's Flyington Freighters on Monday in a deal that reflects robust demand from the subcontinent and lends support to a new freight variant of the Airbus A 330 jet. Airbus said Flyington had ordered sixReuters - 106 words
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65 2007-01-18 14 Bloomberg [JAKARTA] PTGaruda Indonesia narrowed its loss in 2006, meeting its forecast, as the nation's biggest airline cut aircraft insurance payments and costs. Garuda's net loss declined to 298.3 billion rupiah (S$50 million) from 688.5 billion rupiah in 2005, president director Emirsyah Satar saidBloomberg - 65 words
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Article2305 2007-01-18 14 cut puin «ta man «to SQ455 1225 SQ456 1300 HM LH9771 1740 AF8088 2215 SQ268 1740 BA7382 2215 AF8087 1830 QF82 2215 BA7381 1830 LH9770 2350 <y«i iwo WW Wlljll SQ?30 Antar<«i L***** 0645 KL838 2315 SQ323 0645 L***** 2345 *08?7 1605 SQ3j4 2345 HnMrt EK4332,305 words
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Page 14 Miscellaneous
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Miscellaneous178 2007-01-18 14 CRYPTIC CROSSWORD expert has possibly (9) Across: 1 Scared stiff, 9 Oyster 1 Camp about with endless ig Doctor holding back? That is bed, 10 Lille, 11 Goethe, 12 Egg dance (5) more dismal (8) spoon, 13 Shandy, 15 Engaging, 18 2 Jumping excitedly, rodent 18 Willing girl's modelled (8)178 words
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SHIPPING
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Article, Illustration602 2007-01-18 15 DONALD URQUHART - They cite strong cargo demand, lower estimates of capacity growth By DONALD URQUHART [SINGAPORE] Container shipping lines operating on the transpacific trade remain bullish about market conditions this year, citing strong cargo demand and lower estimates of capacity growth, despite a forecast supply/demandFILE PHOTO - 602 words
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Article384 2007-01-18 15 But premiums for catastrophe coverage still high Bloomberg [LONDON] Lloyd's of London insurers Atrium Underwriting pic and Hardy Underwriting pic said insurance prices declined in places not prone to natural i isasters. Rates to insure airlines, financial institutions and marine cargo fell when clients renewedBloomberg - 384 words
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406 2007-01-18 15 Reuters (SINGAPORE] Singaporebased K-Line Pte Ltd (KLPL) plans to double the size of its Aframax oil tanker fleet to 20 vessels in eight years, a top company official said. Strong intra-regional demand for oil transportation in the next five years, isReuters - 406 words
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Article274 2007-01-18 15 SGX '000 Jm17 SS W Vol Ch Offshore .0.43 5oi 10W Oman Hup Hktgs ...0.35 unch 800 CoscoCorp 2.71 -0.05 ***** Cwt Limited .0.73 0.06 1341 EzraHldgs .4.60 -0.16 568 Freight Unks— .0.10 -0.01 4915 Grand Banks 0J9 0.01 1 JayaHotdLtd 1.48 0.01 589 K1 Ventures 0.36 -0.02274 words
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261 2007-01-18 15 Bloomberg [LONDON] The cost of shipping 2 million barrel consignments of crude from the Middle East to Asia, at the highest level in eight weeks on Monday, may extend gains as Opec members in the Middle East failBloomberg - 261 words
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Advertisement402 2007-01-18 15 TENDER NOTICE 1. ITEM:Two(2) Units of Product Oil/Chemical Tankers <PARTICULARS> Capacity: abt 12,000-13,000 DWT Intended Cargo: Oil Product, IMO 2 Chemical Cargo Paint Scheme: Cargo Slop Tank, Marineline Coated Delivery Due: From 2008 to 2009 (The Earlier, The Better) 2. ELIGIBILITY TO TENDER Tenderers are required to meet all the402 words
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EDITORIAL & OPINION
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Article549 2007-01-18 16 EDITORIAL THE Central Provident Fund's (CPF) measures to lower the cost of investing retirement savings are long overdue. Through the years, the fund and industry associations have tried to educate investors on the ravages of high costs. Recently simplified performance statements on the CPF's website549 words
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Article, Illustration1600 2007-01-18 16 LEON HADAR - Many members of Congress are worried that President Bush will expand the war to Iran LEON HADAR Washington Correspondent Rejecting the report that the US was planning to attack Iran and Syria, White House spokesman Tony Snow termed it as anAFP - 1,600 words
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Article, Illustration721 2007-01-18 16 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent DOES the earth really revolve around the sun, or was Copernicus wrong and things are in fact the other way around? I found myself wondering as I watched (from a distance) events unfold at the Association721 words
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Article, Illustration1614 2007-01-18 17 TODD GLASS - Cross-border investments can bring energy security but politicians are whipping up fears of overseas ownership By TODD GLASS POLITICIANS are at their worst when they exploit fear to achieve short-term political gains. Since Sept 11, 2001, the politics of fear have been employed to whip up nationalismAFP - 1,614 words
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Article, Illustration966 2007-01-18 17 WILLIAM PESEK - By WILLIAM PESEK Bloomberg WHAT was she thinking? It's a question investors have been asking of Thailand's central bank head ever since her move in December to impose capital controls. Tarisa Watanagase took that debatable step to deter currency speculation that drove theBloomberg; BLOOMBERG - 966 words
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FOCUS: APPLE INC
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Article, Illustration1221 2007-01-18 18 The iconic Steve Jobs may be more closely linked to Apple's prospects than any other CEO in the Fortune 500. That makes him the company's biggest and riskiest asset, as a recent stock option probe showed Bloomberg APPLE Inc may find its most valuable asset is somethingBloomberg; REUTERS; AFP - 1,221 words
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Advertisement29 2007-01-18 18 J A *HI 3MHm THE WORLD'S BIGGEST MEN'S MAGAZINE sph magazines 1%% t$L I m Lianhe Zaobao H liftowur J las value of yaanrisn I I AKfpgjßS "ffitS" I29 words
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Article10981 2007-01-18 19 SGX MAINBOARD Transaction date: Jan 17 52-Wk Td Last Vol Day Last Quote Mr GrYM Nat MCap High low Coda Company Sata COOP) High Low Buyer Sdtor Cvr S P/I SmS 3.5 1 5716 1st Software 2 susp 81 11.5 6 3148 STelecom 11 +1 5 7589 1110,981 words
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Advertisement35 2007-01-18 19 Trade from 20% deposit (5 x leverage) on moat stocks Go long or short Competitive financing rates In sli markets Access to Asian, US, Biro stocks Select Exchange Traded Funds and Indices Competitive Commission charges35 words
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Article5859 2007-01-18 20 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr X dy yr dy %yr Jan 16 Index Change Change Change Change Change Change World Index Preliroinaty 1112.2 -02 14.7 -0.4 9.6 -0.2 18.5 EAFE Preliminary 1119.8 -0.4 15.1 -0.7 14.1 -0.5 233 Europe5,859 words
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Advertisement1574 2007-01-18 21 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 toad, E./W. Malapk,, lndo™.ia middle-east service uiil 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 Loads1,574 words
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Advertisement455 2007-01-18 21 vStn WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobai.com VKSa VOY RAMP HEIGHT SM LK MAO SAV lAL Og TALISMAN Af7o3 3201 m 6.4 M 11/01 11/02 20/02 24/02 21/02 24/02 TARONGA Af7os 3201 ms 6.25 M 07/02 03/03 12/03 17/03 22/03 20/03 TAMESIS mm ***** m MM 15/02 12/03 21/03 25/03 29/03455 words
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Advertisement1583 2007-01-18 22 WAN HAI INTERNATIONAL PTE LTD 01 NO: **********0/ I ..A nil ikiHii TIL: *****588 (14 LINES) FAX: *****163 \An 1 WAN HAI I INF\ Customer Service/Bookings Direct line (1800) *****200 V UlfLl# Hd 1*: (03) 334AUU FA* (03) J342J2U rw TH; (04) *****00 FAX: (MR*****9 Y" JOHIH: (07) 251 59231,583 words
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Advertisement1161 2007-01-18 22 I VESSEL VOY PKL 1 SIN I KARACHI DXB SA6 PMM BIK ICHOR IRAN SATTARI PCI 1183 17/01 It/01 27/01 30/01 31/01 06/02 08/02 10/02 IRANSHAHRYAR PCI 8184 23/01 22/01 01/02 04/02 05/02 11/02 13/02 15/02 IRAN BAABAII PCI 8186 27/01 28/01 06/02 09/02 10/02 16/02 18/02 20/02 IVBSa I1,161 words
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Advertisement86 2007-01-18 22 P. T. DJAKARTA LLOYD (PERSERO) AUSTRALIA FULL CONTAINER MRVICI va vot aw wc m m stp wa w Aft TOPAZ 1405 >1/01 >3/01 10/01 04/01 ot/01 09/07 AtttSHIT 0345 M/ 01 30/01 09/03 11/03 13/03 16/03 ahwimpama" oois K/nn/n oyoi 11/0313/03 it/03 lAMAKUM QMS 04/03 ot/03 13/03 11/03 30/03 23/0386 words
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Advertisement688 2007-01-18 22 m aaasu WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VKSa y°Y I SIN I MOAWG COIOMIO W SHtVA I COLOMO WU m ILIAD ML 21M MM -JLIM KOTA raiTAM* mas] ZIiAL 24JAW 27 jaw jojan QLES HOWHAHW 0059W 30JAW 31JAW 03 FI» OtFa 10688 words
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THE BUSINESS TIMES SSHIPPING TIMES
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5674 2007-01-18 23 ETA ITA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ADELAIDE (ADL) 2007 Australia 28/01 16/02 China Shpg ANl ESPRIT 034S *****898 28/01 16/02 PTDjakarta ANL ESPRIT 034S *****202 04/02 23/02 China Shpg KAMAKURA 035S *****898 04/02 23/02 PTDjakarta KAMAKURA 035S5,674 words
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PROPERTY
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Article, Illustration457 2007-01-18 24 Restrictive rules on buying property for investment set to be relaxed [BEIJING] Mainland insurance companies have begun moving into the country's property market in preparation for a relaxation of rules that forbid them from buying property for investment purposes, the SouthAFP - 457 words
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255 2007-01-18 24 Bloomberg [BEIJING] China will tighten rules on calculating land-appreciation taxes imposed on developers. Stocks of property developers dropped by the daily limit in Shanghai and Shenzhen yesterday on concerns the changes will cut their profits. Capital-gains taxes on developers' properties will beBloomberg - 255 words
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Article, Illustration589 2007-01-18 24 Reuters [HONG KONG] US private equity firm Warburg Pine us has earmarked USS2SO million for Indian property at a time when developers are scurrying to launch IPOs and attract foreign partners to further fuel a building spree. Since India eased rules onReuters; AFP - 589 words
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Article, Illustration551 2007-01-18 25 It's assessing prospects in US, Australia, Germany; and also Japanese property Bloomberg [SYDNEY] Allco Finance Group Ltd, part of a buyout group bidding Asll.l billion (5513.4 billion) for Qantas Airways Ltd, plans to start three property funds this year and is assessingBloomberg; BLOOMBERG - 551 words
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319 2007-01-18 25 TWO more prime district en bloc sites Mount Sophia Apartment in District 9 and Lewis Court in District 10 have been put up for sale by tender. Mount Sophia Apartment, near Plaza Singapura, has a land area of about 12,882 square feet.319 words
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Article, Illustration548 2007-01-18 26 UMA SHANKARI - Units' prices in the two-tower freehold development are expected to exceed $2,800 psf By UMA SHANKARI SC GLOBAL Developments hopes to set a new benchmark in high-end living with the launch of its latest luxury project, the marQ on Paterson Hill, in548 words
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1975 2007-01-18 26 PROJECT NAME/ PROP CONTRACT TENURE BUIIJ-INAREA PRICE PSF STREET NAME TYPE DATE (SQ FT) (St'OOO) (S$) District 1 NON-LANDED The Sail At Marina Bay Apt 29*12/2006 99 936 1872 1999 The Sail At Mama Bay Apt 29/12/2006 99 6891,975 words
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Advertisement376 2007-01-18 24 nnovewithus international 'Big on research, big on returns' EXCLUSIVE LAND DEVELOPMENT DEAL: ARGENTINA To help launch movewithus international into the Asia Pacific region, we have 50 building plots within a 5 star country club estate on offer to investors. These plots will be marketed to the Argentine market for U5575,000-150,000376 words
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Advertisement63 2007-01-18 24 PRIME CBD REDEVELOPMENT SITE FOR SALE BY EXPRESSION OF INTEREST ■hev 1 Actual 4 V storey view from subject site B jSEEEEgS Suitable for Residential Office Hotel use El 5555s Height control 35/50 storeys ■L Iggp Large site area approximately 73,0 CX) sq ft Close proximity to MBFC, Sands Marina63 words
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Advertisement296 2007-01-18 25 I FOR SALE A No. 217 East Coast Road I9WI)Vn rrwp^llil v N ..3 v Freehold y H\ r "o Land area: 683.5 sq m (Approx. 7,357 sq ft) ChUrCh CHIJ \\/y/ **"£S) r area: 2,490.1 sq m (Approx. 26,803 sq ft) Wn > n V x Building suitable for296 words
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Advertisement167 2007-01-18 25 Corporate Image Warehouse with Ancillary Office FOR SALE Tuas vicinity Built-up area: approx. 200,000 sq ft High ceiling from 6.8 m Multiple dock-leveler loading bays Price on Application Kenny 9111 0972 Jonathan 8113 9192 HCINe IWOHia For Lease UE Print Media Hub, at Paya Lebar Road BRAND NEW, TOP Irt1167 words
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Advertisement124 2007-01-18 26 The Trevose copthome "wj c ~c District 10, Lewis Road Orchid Hotel Raffles hj Institution Town /j7 Land 20,662 sf SL 1,011 sf Club /</ ~i —7 ciKU Freeho'd, GPR 1.6,12 storeys !Sc \!l- SCt SCGS, ACS SJI Gardens /I hv I Potential for 22 units x 1,500 sf apts124 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration606 2007-01-18 27 WINSTON CHAI - Apart from its market potential, the firm is also looking at Vietnam as a low-cost offshoring destination, says WINSTON CHAI WINSTON CHAI MAINBOARD-LISTED Frontline Technologies, continuing an aggressive regional expansion as it seeks to increase sales beyond Singapore shores, is spreading its wings606 words
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278 2007-01-18 27 AFP [LONDON] Global revenue from music downloaded onto computers and mobile phones doubled to about US$2 billion in 2006, an international trade body said yesterday. But the digital business accounted for only about 10 per cent of total music sales inAFP - 278 words
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Article, Illustration730 2007-01-18 29 AMIT ROY CHOUDHURY - It joins HP and Cisco in high-definition video conferencing market By AMIT ROY CHOUDHURY POLYCOM, a major provider of unified communications solutions, has joined Hewlett-Packard (HP), Cisco Systems and others in unveiling a new high-defi-nition video conferencing solution and says it is already talking to730 words
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Article, Illustration662 2007-01-18 29 AP [SAN JOSE, California] So far, when it comes to making money, the online video explosion is mostly about potential. Studios selling TV shows and movies for download, and websites like You Tube that link ads to usergenerated content, stand to reap billionsAP - 662 words
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220 2007-01-18 29 AFP [SAN FRANCISCO] Pioneering online DVD rental company Netflix announced on Tuesday it would stream films and television shows instantly to subscribers via the Internet. Netflix said it will phase the service in for its more than five million subscribers during the comingAFP - 220 words
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Article, Illustration359 2007-01-18 29 ROLAND LIM - By ROLAND LIM MEDIA giant Singapore Press Holdings (SPH) has teamed up with broadband TV service provider M2B World Asia Pacific (M2BAP) to deliver an ondemand video news channel available as part of M2BAP's broadband TV service, M2Btv. The SPH channel was359 words
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Advertisement533 2007-01-18 27 ROUNDTABLE The workplace goes mobile page 30 111 111 CISCO j M In the hyper-competitive travel services market in Singapore, Abacus Travel Systems knew exactly what it needed to do to differentiate itself: offer its customers travel agencies and online travel portals a reservations and communications system that delivers the533 words
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Advertisement633 2007-01-18 28 BT ADVERTORIAL the The Sentosa Express by Hitachi 129QBBB .JHHH boasts advanced monorail i^S!r^ technology that offers y' kl passengers a safe, reliable ride KraJlifl^^B^E^^^Hi^Ri S| INCE January to Jr^ I Sentosa has become a breeze with jr ijl ifl I the $140 million Sentosa Express 1» p»* jrl I633 words
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Advertisement127 2007-01-18 29 SHtfR JP?#MP6Ms^ *MM tntTTUPBTT HMHHIHMI a j 'jfc'-.J, Missed I I *f~j£ft H ;s Rccctvcd Call* Placed C»ll* fo MMft i -l 9 E^x^L~9HHa^H i i 9 1 Prize It Include of htodnlii convnunlccitions tyttorn consultancy. (im hofdwors instoMoflon* f^r V Please alve 3 iioioni In no more than 100127 words
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BIZIT-IN'SPIRE ROUNDTABLE
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Article, Illustration2524 2007-01-18 30 THE CHANGING WORK ENVIRONMENT OVERVIEW THE traditional desk-bound work environment with information stored in silos which can only be accessed through limited channels is rapidly changing, largely due to many new mobile technologies. This week, BizlT talks to industry experts to garner their views on this2,524 words
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Advertisement21 2007-01-18 30 Brought to you by iN'spfreteam one shining red dot Team members HP, ST Electronics, Cisco Systems, Microsoft Consufang services provider Accerrture21 words
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