The Business Times, 19 January 2007

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Total Pages: 40
1 40 The Business Times
  • 18 1 The Business Times Ste«ofltB^cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Friday, January 19,2007
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  • 699 1 Moves planned to counter negative foreign sentiment By OUR CORRESPONDENT in Bangkok DESPITE the chance of a global slowdown, Thailand's financial chief says he is seeking strong economic growth to provide a strong base for a planned general election to restore democracy. "Our
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  • 873 1  -  Companies hope for corporate tax cut, phasing in of proposed GST hike over two years By ANNA TEO and VINCENT WEE [SINGAPORE] Never mind about specific incentives for hot industries: the business sector's single biggest concern about the upcoming Budget is
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  • Page 1 Advertisements
    • 79 1 t VINTAGE NK YONG Wine connoisseur PAGE 39 Superstar architect Daniel Libeskind, whose first residential project in Asia is Singapore's Reflections At Keppel Bay, jPMf demonstrates how architecture is" the mother of the arts". In the Raffles tomorrow HpnHH PROPERTY SPH to launch Thomson condo HPfltgßlllM Sky@eleven next month page
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    • 15 1 BILLIONAIRES Greater China's 40 richest worth USsls4b PAGE 24 8 111 Markets Digest Page 2
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    • 66 1 TBW New directors at Hengxin PAGE 7 Star search of the culinary kind The famous Michelin Guide is starting an Asian version. The industry in the region is now on tenterhooks as to which city will be the first to be rated. But even more nail-biting will be the question
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    • 9 1 MUSEUM NETWORK! Louvre's U5525,000 a year membership PAGE 40
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  • TOP STORIES
    • 432 2  -  Thomson project expected to be offered at $900 to $1,200 psf: sources By UMA SHANKARI [SINGAPORE] The Sky@eleven freehold Thomson condominium is to be launched by Singapore Press Holdings (SPH) early next month, it was announced yesterday. Sources said that apartments in the
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    • 429 2 Sales of top 1,000 firms in S'pore crack $11 THE top 1.000 local and foreign companies in Singapore have chalked up combined sales exceeding $1 trillion for the first time. Sales rose 25.7 per cent to 1.16 trillion from $920.5 billion in 2005. Combined profits increased 18.6 per
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    • 46 2 sn 3,061.65 (+23.99) ST INDEX FUTURES 3,062.00 (+23.00) siMsa 373.15 (+3.29) SIMSa FUTURES 372.90 (+2.30) PRIME RATES SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 16,727 TAIWAN 5.8% JAPAN 1.625 KOREA 9.33 BRITAIN 5.25 US 8.25 CANADA 6.00 SWITZERLAND 3.44 INDIA 11.50 Source: Bloomberg
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    • 443 2  -  By KALPANA RASHIWALA [SINGAPORE] The sale of The Parisian at Anguliia Park at a record unit land price of $1,735 psf per plot ratio is going ahead news that will be closely watched by those tracking the high-end residential property sector.
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    • 32 2 BT print subscribers get free access to the Business Times Online. To activate your account log on to http: //business-times, asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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    • 465 4  -  It's in discussion with major Indian back-office process specialist to handle functions By VEN SREENIVASAN [SINGAPORE] To streamline operations and cut costs, Singapore Airlines is shutting its reservation call centres in Australia, New Zealand, Canada and the US and outsourcing the
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    • 608 4  -  By AMIT ROY CHOUDHURY [SINGAPORE] In a move to help local infocomm companies expand overseas, the government yesterday announced two major initiatives. One i$ H new programme which aims to help these companies deliver large proJWts and create new intellectual property. The other is
      608 words
    • 627 4  -  Combined profits increase 18.6%; earnings of top 500 SMEs rise 8.9% By JANICE HENG [SINGAPORE] The top 1,000 local and foreign companies in Singapore have chalked up combined sales exceeding $1 trillion for the first time. This represented a 25.7 per
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  • Page 2 Advertisements
    • 741 2 Let's toast to these Kadeka offers! 1/ 1 Kadeka: The Keeper of Wines V® Sip your wine at the right temperature with Kadeka, made possible by its *2> KADEKA range of wine coolers. Red or white, your wines are in good care and ready 3 japan to be served at
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    • 8 2 people HR's secret weapon. www.thepeopleatwork.coln Asia-Pacific Executive Search
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  • Page 3 Advertisements
    • 851 3 Mfa pir'ill i jp^n w phs■ m Benefit from the high growth logistics sector in Asia Subscribe at discounted 1 price of 551.13 per New HM^ Mapletree Logistics Trust Management Ltd., as manager (the "Manager") of Mapletree Logistics Trust ("MapletreeLog"), is proposing to issue new HBJMjj^BP^HH^^^ units in MapletreeLog (the
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  • Page 4 Advertisements
    • 178 4 35,000 nautical miles 12 cities. 10 months. The Dipper 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 yean some 30 Singaporeans rose to the occasion and did us proud. Hailing from diverse
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    • 48 4 mm< mmmmmmrnuxi* jmmmmmm* mm SCORE CARD Keep your investors informed by advertising your financial resuits in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES ••"'V: -i L |L I promotion wLM a 9 ponang road 01 01 park mall s *****9 t ocbs e iivingdxtra.com sg
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  • Page 5 Advertisements
    • 52 5 f OSIM uPilot B9H The Designer Massage j 'I I |pE WF p; fflHjr Lai £r.*l i t I* yMi f Jtr M v 111 v IV H k<S {<§£?* J mj[ KHLI H|\ t/rl, °t uPilnt yPj ~B lm\ H '<~-c«. I «sm BPRSiiLl^n IS^HH I |a vjr -v.-
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  • COMPANY NEWS
    • 699 6  -  HOCK LOCK SIEW By WONG WEI KONG GO to any annual general meeting (AGM) here and more likely than not, the event will end with voting by a show of hands. Nothing unusual, you think, but think again. A show of hands is
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    • 537 6  -  OVERWEIGHT S'PORE But they are turning more defensive in their allocations for the region: Merrill Lynch survey Reports by SIOW LI SEN SINGAPORE has become the most overweight market in the region, according to the latest survey of Asian fund managers by Merrill Lynch.
      Source: Meril Lynch fund manager survey  -  537 words
    • 627 6 UNDERWEIGHT S'PORE Macquarie favours tech sector so more positive on Korea and Taiwan MAINTAIN an underweight position for Singapore for an Asia ex-Japan portfolio because while it is expected to provide positive returns, it likely pales in comparison with other markets in the
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    • 451 7  -  Its aerospace arm will convert 87 Boeing passenger planes to freighters By CONRAD RAJ SINGAPORE Technologies Engineering (STE) has clinched one of its largest ever single contracts, worth a whopping US$47O million, to convert 87 Boeing passenger 757-200 aircraft to freighters for US freight carrier
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    • 397 7 Funds will pay for assets in S'pore, China, Japan, M'sia Bloomberg MAPLETREE Logistics Trust, a Singapore trust that owns industrial buildings, plans to raise as much as $349 million by selling new shares to fund the acquisition of eight industrial properties.
      Bloomberg  -  397 words
    • 488 7  -  EGM WATCH Their election comes a day after resignation by four directors By WEE LI-EN HENGXIN Technology shareholders voted in three new directors at an extraordinary general meeting (EGM) yesterday, after four executive and independent directors resigned on Wednesday night. The resolutions to appoint
      YEN MENG JIIN  -  488 words
    • 498 9 KepLand unit Evergro posts $7.5m profit KEPPEL Land subsidiary Evergro Properties (formerly known as Dragon Land) has posted full-year net earnings of $7.5 million, up from a $1.3 million in the preceding year. Evergro's bottomline benefited from $34.5 million in divestment gains less impairment provisions in the latest
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    • 441 9  -  Tang Wee Sung now has option to propose to the SIC to take the retailer private By VINCENT WEE CK TANG chairman Tang Wee Sung's controlling stake in the retailer has gone past the 75 per cent level, giving him an option to propose
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  • Page 6 Advertisements
    • 1869 6 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT- SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 Ed) AND IN THE MATTER OF PRMEMRTNERS MOUMNGS PTE LTD (In Members' Voluntary UqufctaOon) (Co. Reg. No. *****4552W) NOTICE OF RESOLUTION At an ExtraonSnaty General Meeting GfSw of
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    • 272 6 In the Matter of The Companies Act, Cap. 50 And In the Matter of Super-Lit* Metallizing Pte Ltd (Co. Reg. No. *****1754W) NOTICE OF MEETING OF CREDITORS PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act,
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  • Page 7 Advertisements
    • 95 7 I f >• 1[ 4* i V* i*V vV 'S I *"V« -<? >. t 1 1 3 1 1 1 V v-a- v.- > ;V V i V 8 Vantage Natural beauty, natural agility. Natural Choice. Now available with paddle Sportshift L-A£^tUtßKß/BKKBtIBttKKKtSBKKtHKSHHKKBKtSKKHBSBK^SSSSiS^S^SSI^^ M m ■S W- V .'.yflTK-A, i.mr>;
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  • SINGAPORE MARKETS
    • 537 8  -  STOCKS CityDev, Capita Land and UOB feature in index's surge to 3,061.65; penny stocks remain active R SIVANITHY Senior Correspondent TRADING the stock market is always about trying to figure out what the future might hold and, based on the pattern of
      Source: Bloomberg  -  537 words
    • 1009 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 18 and eariier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell 000 Shr S ('000) 000) HersingCorp 18-Jan-07 Chua Wah Eng Sell 6000 0.31 *****8 63.81 *****8 60.72 Koh Brothers 18-Jan-07
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    • Article, Illustration
      1028 8  -  Compiled by UMA SHANKARI Noble Group Jan 18 close: $1.06 CITIGROUP RESEARCH. Jan 17 Rising prices: Strength in underlying soft commodity prices is leading to a fresh wave of interest in stocks that provide exposure to the sector. Noble's earnings profile is increasingly geared to the soft commodities
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    • 519 8  -  CURRENCIES LARRY WEE Senior Correspondent THE Japanese yen fell sharply to record fresh multiyear lows versus its high-yielding counterparts as well as the Singapore dollar yesterday, after the Bank of Japan confirmed that it would be leaving its short-term rate unchanged at
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  • Page 9 Advertisements
    • 108 9 PENG KWEE 01-45 A PENINSULA PLAZA 6334 0155 02-90K PEOPLE'S PARK COMPLEX 6327 4628 01 -44 PEOPLES'S PARK CENTRE 6533 4619 01-45 BENCOOLEN 6333 1921 01 -46 PENINSULA PLAZA 6334 5929 01-51 ORCHARD PLAZA 6836 6608 01 53 LUCKY PLAZA 6732 3243 0% Interest instalment plan for Credit Cards available
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    • 333 9 69 Mum 1 I IA: t j v i 1 MmM I; b t VJfeJi'C, t l if* if L '^4^^■kg.' With the same confidence with which we strive to bring you the best, DBS Vickers has once again prevailed against a field of world-class competitors emerging top of class.
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  • Page 10 Advertisements
    • 62 10 ifspS" v.* T i!p!^ftw^:tf <sfe>te (0-' tHmaESI BNh&w if -JliiMl^Bglßßß^P WtS&fmß r m... %"J SBK|. v^ "J~ SM&&* r K ?^PPte" 1 CMP? mjHKjS T" "V- JJ^ &'l £"&'<&::%■>. A4'ft Wiat-JV .IMiis.:-.; -OS .*;'£.f ,iv I tfrl ifiMß^Q£ A 4:^— LL*. adjim "I? -if.-Ar- i~A v ijiviii'MiiifliiJiiii i fc*-„ J
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  • SINGAPORE NEWS
    • 344 11  -  By JUDITH JACOB SINGAPOREANS are highly optimistic about the first half of 2007, according to the latest Masterlndex of Consumer Confidence survey by MasterCard Worldwide. With a score of 82.5, the bi-annual survey revealed that Singaporean consumers are more optimistic than six months ago (73.9) as
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    • 725 11  -  Star Hub unveils razor-sharp shows, and packages you need to watch them By WINSTON CHAI SINGAPORE has entered the era of high-definition television (HDTV), but a lack of content means consumers will not be able to see the full
      ARTHUR LEE  -  725 words
    • 417 12  -  Phillip Securities first to offer online trading of T-bills to retail investors By TEH HOOI LING RETAIL investors are now able to buy Singapore government Treasury bills for as little as $1,000, making available to them yet another investment option. Phillip Securities,
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    • 217 12 PROPERTY developer Ascendas is giving agents more incentives to do well, with the extension of its Ascendas Partner Rewards programme to sales transactions. The scheme, which began in 2005, allows agents to gain points on lease deals for Ascendas Land and Ascendas Reit properties. These
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    • SINGAPORE ROUNDUP
      • 36 12 JAPAN and Singapore have agreed on possible improvements to their bilateral economic partnership agreement, which has been in force since November 2002. The changes include improved market access and revised Customs procedures.
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      • 39 12 Bernama The Malaysian High Commission of Singapore OPCs," the High Commission said in a statement. Recently, there have been reports of motorists claiming that they were issued tickets for driving such cars into Malaysia.
        Bernama  -  39 words
      • 43 12 SINGAPORE and the Cooperation Council for the Arab States of the Gulf have completed the first round of negotiations for a free trade agreement. The next round is expected to be held no later than May this year.
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      • 52 12 PRESIDENT Maumoon Abdul Gayoom of the Republic of Maldives arrived in Singapore yesterday for a state visit, accompanied by the First Lady, ministers and senior officials. He will attend a symposium on investment opportunities in Maldives organised by the Maldivian Government Trade Centre here. His visit
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    • 119 12  -  By CHUANG PECK MING in Ho Chi Minh City MINISTER Mentor Lee Kuan Yew yesterday began the second half of his week-long visit to Vietnam by playing host to former Vietnamese prime minister Vo Van Kiet at a dinner in Ho Chi Minh City. Mr Lee,
      LIANHE ZAOBAO  -  119 words
    • 252 12  -  By VINCENT WEE A NEW standard for energy efficiency in building equipment announced yesterday by Spring Singapore will help building owners, tenants and developers reduce up to one third of their power bills. The Singapore Standard (SS) 530, which governs energy efficiency for
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  • Page 11 Advertisements
    • 33 11 37 MACTAGGART ROAD 7-storey detached factory *HHP Land area: approx. 1,525.3 sq m THHHHWMj Gross floor area: approx. 3,902 sq m FOR SALE BYTENDER Closing: 15 February 2007, "4, 9t- Thursday at 3pm
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    • 43 11 This announcement appears as a matter of record only /E a w OVERSEAS UNION ENTERPRISE LIMITED has completed a private placement of 20,000,000 new ordinary shares raising gross proceeds of 0 *****,000,000 Joint Lead Managers and Joint Bookrunners BNP PARIBAS CAZENOVE December 2006
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  • Page 12 Advertisements
    • 189 12 *II Villi 1 nil 11 '"f /'ill 1 1 111 II ill IP' M .f" 'I-*** -Jr.. r Wf EXCELPOINT TECHNOLOGY LTD IS PROUD TO BE RANKED AMONG THE BEST IN THE'SINGAPORE INTERNATIONAL 100' Excelpoint Technology Ltd is one of the region's established electronics component distributors and an emerging industry
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    • 502 12 :*atc N I PIT s C V_ JX. 1 J Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF KINGSBURY HOLDINGS PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****7624R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant
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    • 416 12 PIONEER CONTRACTS PTE LTD (Company Registration No: *****4523 D) Notice is hereby given that the abovenomed Company has intention to strike the name off the Register with Accounting and Corporate Regulatory Authority under Section 344 of the Companies Act, Cap. 50. However, before the Company proceeds to strike off the
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    • 532 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHEMXLOG PTE LTD (Registration No. *****4612E) (In Members' Voluntary liquidation) NOTICE OF RESOLUTIONS [Pursuont to Section 290(2)(b)] An Extraordinary General Meeting of the Company held at 5 dementi Loop, Singapore *****6 on the 12th day of
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  • SINGAPORE 1000/SME 500
    • 952 13 SMEs are making headway in Singapore but the big boys are still ahead of the pack Article contributed by DP Information Group. SMALL and medium enterprises (SMEs) are catching up with the big boys in many areas where the latter traditionally had an advantage. That includes
      Article contributed by DP Information Group.; REUTERS  -  952 words
    • 394 14  -  By UMA SHAMKARI UNITED Overseas Bank (UOB) has the distinction of winning the Net Profit Excellence Award for the finance industry in the Singapore 1000 Awards, and deputy chairman and president Wee Ee Cheong attributes the bank's improved margins and profitability to good knowledge of
      FILE PHOTO  -  394 words
    • 707 14 With competition and high operating costs squeezing profits, SMEs need to rethink their business strategies SINGAPORE'S top 500 small and medium enterprises chalked up a respectable growth in turnover in the past two years, as the economy gained momentum. Total turnover grew 7 per cent in 2004, and
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    • 903 16  -  With four major brands catering to a broad cross-section of jewellery buyers, Aspial seems to have tne market covered, oh boom ping finds out more OH BOOM PIMG WHAT'S in a piece of jewellery? Not just the sparkle in the diamond, or the shine of the
      YEN MENG JIIN  -  903 words
    • 1122 17  -  Furniture is not all you get at Da Vinci as viiuceimt wee talks to MD Raymond Phua on the firm's forays into new business lines VINCENT WEE WHAT strikes you about Da Vinci's 20,000 sq ft showroom in Tanglin is not so much the wide range of very
      ARTHUR LEE  -  1,122 words
    • 715 18  -  Yeo Kai Eng discusses how companies can prepare to meet the next GST rate change YEO KAI ENG WITH the government announcing that the GST rate would rise from 5 per cent to 7 per cent, this is a good time for companies to consider how
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    • 802 19 Online portal Buy Singapore can help businesses go global by matching them with trade leads abroad BUSINESS expansion is the second most important strategy among SMEs in their early stages of growth, according to a recent survey by DP Information Group. However, while expanding into new overseas
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    • 677 19  -  By TAN SIEW MENG WHILE most small and medium enterprises can probably pinpoint their successful start to an initial focus on the domestic market, they recognise that international competitiveness is fast becoming essential to ensuring long-term survival and growth. Venturing overseas can be an
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  • Page 13 Advertisements
    • 186 13 Coordinator: Oh Boon Ping Editor: Elaine Koh Sub-editor: Judy Louis Artist Sarah Loyola Photographers: Arthur Lee, Yen Meng Jiii Jij RAFFLES BUNKERING PTE LTD 20™ Annual Singapore 1000 H SME 500 (2006 RANKINGS) AWARDS Congratulations From: HI bhl rn JL B ALBA PETROLEUM LTD BAN HOE LEONG BUNKER HOLDINGS LTD
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  • Page 14 Advertisements
    • 433 14 MMr*W \ks m rrJio* iS& :?>->: wmmNml I lINIAPORI jUfc C±> f* LOGISTICS JlWf Aiiotutmi UKAS jjy THE SINGAPORE AIRCAR6O MAYA ISO 9001 I Mjf A6ENTS ASSOCIATION M Dart Express (S) Re Ltd is proud to join the rank of the 20th Annual Singapore 1000 and SME 500 Top 100
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  • Page 15 Advertisements
    • 176 15 A fe; v —i*i rrff irV fiiiW'#A naSMa^SVseliiaw^ Positioning Equipment mWL. H Ichieves ISO 9000 romar H are Honoured To Among The Top 00 I In The Small Medium Enterprise (SME) Cateffoy f^miffflm*i^^^^^HHflHHHll^H^^H j£y jHH^H POSITIONING EQUIPMENT ■KfIBBHB •Rotators Column Boom Manipulators Heavy Workshop Equipment WELDING EQUIPMENT ■^■H|HH^Bfiiljß|^^HJ Electric Welding
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  • Page 16 Advertisements
    • 81 16 k~*. <$ f A Chip Hua Equipment Tools Pte Ltd fl^H is proud to be ranked amongst the '|H ■ft Top 100 in the 20 th Annual |^H Chip Hua Equipment Tools Re Ltd 701 Sims Drive, #02-04 LHK Building, Singapore *****3 Tel: 6298 3088 Fax: 6297 0029 Email: sales@chiphua.com
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  • Page 17 Advertisements
    • 249 17 mmt 'TSSK* v i sek n k, 1 Hi SI nn w'"******"&*&*&■-*■ bbk: >¥ v i Hfli *T>v Hi HHH > 11 t!'! n HH| hHK& Th© Si mi 13 riti@S a cto an y bu s ir» ess as kth e right questions a ndyoij |Hpf *2S& will realise
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  • Page 18 Advertisements
    • 539 18 FURNITURE Star Furniture Group SINGAPORE 1000 SMGAPORE SUE 500 We continue to soar because you believe Star Furniture Industries Pie. Ltd. is honoured to be ranked among the best of the SME 500 Top 100 by Net Profit and Total Sales for the 20th Annual Singapore 1000 SME 500 Awards.
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  • Page 19 Advertisements
    • 48 19 I .We are extremely honoured to receive &.SME 500 Award We would like to take this opportunity 1 Si Himn Da Pte Seng Da Singapore +65 6383 6333 +65 hqdavinci@davinciasia.com Web: www.davinciasia.com Wholly Owned Da Pte Da Jewellery Pte Da Presentation Pte Ltd Singapore Malaysia Hong Kong Italy
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  • Page 20 Advertisements
    • 364 20 Congratulations f all SlOOO V AA/ andSMEsooli Winners Wm SINGAPORE tOOO 1 INDUSTRY COMPANY NAME I > Communications Transport Storage Singapore Airlines Ltd Finance Toshiba Capital (Asia) Ltd Hotels Food Establishments Hotel Properties Ltd I Manufacturing Hewlett-Packard Singapore Pte Ltd H Retail DFS Venture Singapore Pte Ltd Services Motorola Trading
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  • ECONOMY WATCH
    • 357 21 NYT INEW YORK! A tight labour market in the United States is pushing up many workers' wages, while consumers are spending more at their local shopping malls, and the skid in the housing market is easing in some areas of the country.
      NYT  -  357 words
    • 752 21  -  Yen dives to lowest level since March 2003 as more speculation looms By ANTHONY ROWLEY in Tokyo THE Bank of Japan's Policy Board yesterday confounded expectations of a further rise in short-term interest rates by opting to take no action at present.
      REUTERS  -  752 words
    • 677 21  -  By ANTHONY ROWLEY in Tokyo THE "Goldilocks" global environment cannot continue indefinitely and asset prices in Asian and other emerging markets are at risk of an eventual sharp correction, the Washing-ton-based Institute of International Finance (IIF) warns in a report released yesterday. The warning
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  • Page 21 Advertisements
    • 387 21 "thank You Mind Champs!" WohBHE Wr *micty&E V ]^»yi^pywtM When Angelique's PSLE results came out, her teacher HT was pleasantly surprised. She scored 2 A*s and 2 As after graduating from MlndChamps. My daughter finished her program at Mind Champs in September 06, which was just before the I spoke
      387 words

  • MALAYSIA
    • 413 22  -  Shares surge 46% as the company's Indian venture is close to fruition By S JAYASANKARAN MUDAJAYA Group, a smallish construction company 20 per cent owned by Malaysia's Mulpha conglomerate, is not exactly an analyst favourite. But it is sure making some investors happy the
      413 words
    • 380 22 Bloomberg I KUALA LUMPUR] Malaysia's stock exchange plans to increase the number of companies whose shares can be sold short in an attempt to attract investors and lift trading. Bursa Malaysia Bhd may ease current limits on short selling by the end of this
      Bloomberg  -  380 words
    • 215 22 AFP [KUALA LUMPUR] A controversial merger between two of Malaysia's largest newspaper groups has been abandoned, the New Straits Times Press Bhd (NSTP) and Utusan Melayu Bhd said yesterday. The merger of NSTP and Utusan would have created the nation's biggest press group,
      AFP  -  215 words
    • 6920 22 UNIT TRUSTS FUNDS AM Aare Aawt Mgt (S'pora) saiEanpeU ,1221/ Sta>AsunTigaEqdr..— *321/ J» Star Asa Bond(USO) IO Gfc Mult) St USD 115// Asia Bond FdA 104 74/ Asia Bond FdB 5361/ Asia Tig Eoty Fd A 8601/ Biotech FdA 20 84/ ChmaEqtyfd A 163/// Consumer Dts Fd A 6/ 52/
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  • Page 22 Advertisements
    • 39 22 AllianzGl RCM Global Twin-Focus Fund a fund that offers you twin benefits of AlljanZ (ifi) potential quarterly payouts and limits possible downside. Visit OCBC and other appointed j* *i_ r j a *i Global Investors distributors for more details.
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  • Page 23 Advertisements
    • 49 23 Official Airline Official Brew Official Champagne Official Cargo Official Hotel Official Magazine Official Newspaper Official Radio Station jiH mm prestige Ijfe! Class mm ,IM in jll THE STRATTS TIMES TRANSPORT it OW* tUIINMt Supporting Partners V S Kingsmen JWiHANS HBB |0| WB B E 2L™« QQ mu«c Ttuvwrao visitsingapore.com
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  • GREATER CHINA
    • 159 24 FINANCIAL ROADMAP Bloomberg [BEIJING] China may set up a USS2OO billion investment agency to help manage the nation's more than USsl trillion of foreign exchange reserves, Standard Chartered pic economist Stephen Green said. The new institution may focus on private equity investments
      Bloomberg  -  159 words
    • 2561 24 vol •Jan 18 RM ♦<• C000) A M Realty 1.46 0.01 10 AbricBhd .0.32 0.02 130 Acp Industries 138 0.05 973 Advance Synergy 0.26 0.01 1540 Adventa Bhd .0.90 0.01 76 <ft Ae Mutti Hldgs 0.38 unch 83 Affin Holdings 1.93 unch 2456 Ahmad ZakiResou .2.58 -0.04 79
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    • 473 24 Li Ka-shing at No.1 spot with US$22b; but no mainland Chinese on the list Reuters [HONG KONG] The 40 wealthiest people in Greater China saw their combined fortunes soar by US$2B billion in the past year on the wings of rising stock markets, Forbes
      Reuters; PHOTOS: AFP. AP, SCMP  -  473 words
    • 425 24 Today's discussions coincide with the end of China's WTO accession period: SCMP [BEIJING] China's top leaders will discuss today the future of the country's financial system in what is being billed within the corridors of power as an "unprecedented" event, according to a
      425 words
    • 519 24 [BEIJING] China's anaemic corporate bond market will be revived this weekend when the country's top leaders transfer regulatory authority from the conservative National Development and Reform Commission to the more market-friendly China Securities Regulatory Commission, says a report in the South China Morning
      519 words
    • 344 24 AFP [SHANGHAI] Share prices of China's real estate developers closed sharply lower yesterday after a revived capital gains tax spooked investors worried about companies' future profits. China-based property groups tried to assuage investor fears with a slew of statements to the two
      AFP  -  344 words


  • MIDDLE-EAST
    • 757 26  -  Some strike deals with S-E Asia firms, others eye regional telecoms licences By CLARENCE MICHAEL in Dubai TELCOS from the Gulf Arab region are increasingly looking to their counterparts in South-east Asia and other regions to extend their reach through alliances and crossholdings, if recent
      757 words
    • 234 26 Bloomberg [DUBAI] Middle Eastern stocks, which were among the world's worst performers last year, are beating other emerging markets this year even as oil prices plunge. "Now could be a good time to invest," said Oliver Bell, senior investment manager
      Bloomberg  -  234 words
  • Page 26 Advertisements
    • 224 26 Diners To apply, ca*****6 0980 I A World of Exclusive Privileges Treats Diners Club ■■■■■■■■■■■■■■■■■n" l l BBHMBHi International' I I QBfS* 3 %/jk l k T <^r r ri"^ PKd&ffert% feasts at Szeehuem Court ?*!£9fc a t.j ATI ?w T rr ,IO ";M) Januar Y to V 7 February
      224 words
    • 42 26 I W *H Jfe' BF_ I jy Amazing Graze ■p!■ ttw affafvaaoafice, and the coolaiaporafy v&a. k. Hi wry now. H*i vtry frtili... If® vofy Okv 1 1 $106 with free flow Veuve Cttcquot Champagne. K. of 168 excHKflng Champagne ■feHIHHHHHR I^l
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    • 195 26 !unch Wnntr ttrinir TTw Ou6 ttraat Wrmmurtm J6Cfc*StrMt#ol-01 T« &U5 2202 Exclusively for Diners Club Caramembers: 15% off a la carta manu Tarou ro(MW«y» PronxtfKki raft) untt M IMruary W -U -aMd ao g*«» «/*ncf on An** hontUn. tea V*!»aw>* Dm PtomoMn not >*«J *40 otA* Jihwitf, iyetwtiont jr Htymtrt
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    • 31 26 I Fanfas+ic value Vbu can ervtysotodi soups, kecnam. kKQld&s&tsliktK&kocQng and tausuan plus fmh fruit for only $3*l With every order of a local or western delight from $6.90*- For enquiries call
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  • ASIA-PACIFIC/WORLD
    • WORLDWATCH
      • 8 27 Reuters (New York)
        Reuters  -  8 words
      • 95 27 Bloomberg [LONDON] Goldman Sachs Group was suspended from a government bond-trading platform in Europe for one month after failing to meet market-making requirements. The NewEuroMTS trading system owned by MTS SpA suspended Goldman as of Jan 2 because the US securities firm did not provide
        Bloomberg  -  95 words
      • 9 27 Reuters (Tokyo)
        Reuters  -  9 words
      • 79 27 Reuters [LONDON] Global digital music sales almost doubled in 2006 to around US$2 billion, or 10 per cent of all sales, but have not yet reached the industry's "holy grail" of offsetting the fall in CD sales, a trade organisation said on Wednesday. In
        Reuters  -  79 words
      • 102 27 AP [WASHINGTON] Refco Inc, the defunct commodities brokerage that was wrecked by a corporate fraud scandal, has paid at least U*****.3 million to the army of lawyers and restructuring professionals working on its bankruptcy case. In papers filed with the US Bankruptcy Court in
        AP  -  102 words
    • 545 27 LATEST US DATA Construction of new homes up 4.5% in Dec AP (WASHINGTON] After two years of being battered by soaring energy costs, Americans got a bit of a reprieve in 2006, which helped restrain overall inflation to the lowest increase in three
      AP  -  545 words
    • 370 27 AP [WASHINGTON] US Federal Reserve chairman Ben Bernanke told Congress yesterday that the US economy could be gravely hurt if the country's fiscal house is not put in order and Social Security and Medicare are not revamped. "If early and meaningful
      AP; REUTERS  -  370 words
    • 236 27 Bloomberg Reuters [LONDON] The London Stock Exchange yesterday announced a sixfold increase in its share buyback programme and forecast a surge in electronic trading. The LSE plans to return as much as another £250 million (*****.5 million) to investors as it seeks to persuade
      Bloomberg; Reuters  -  236 words
    • 283 27 Reuters [CANBERRA] Having already stormed world fashion, Apple's hip iPod music player is finally making its presence felt in global currency markets. One of Australia's biggest banks, the Commonwealth Bank, has used the latest version of Apple's music player the slimline Nano
      Reuters  -  283 words
    • 356 27 NYT [SAN FRANCISCO] Apple Inc. sweeping past even optimistic analyst expectations, delivered USsl billion in profit for its first quarter, based largely on the Christmas performance of its iPod music player business. Setting both revenue and profit records, the company
      NYT  -  356 words
    • 470 27 Bloomberg [NEW YORK] Richard Grasso, the former chairman of the New York Stock Exchange, said costs from the lawsuit challenging his compensation at the Big Board may have exceeded USSIOO million almost as much as New York state
      Bloomberg; BLOOMBERG  -  470 words

  • AVIATION
    • 708 28  -  Changi facility will have simulators to train pilots for Boeing aircraft By VEN SREENIVASAN [SINGAPORE] Alteon, the pilot training arm of aircraft maker Boeing, officially opened its biggest AsiaPacific training centre here yesterday. The 7,000 sq m facility in Changi North Rise,
      AFP  -  708 words
    • 253 28 AP [MILAN] The Air FranceKLM chief executive on Wednesday became the second Alitalia board member to resign this week leaving the board with just two members and without a quorum as the government seeks a bidder to take over the struggling national carrier.
      AP  -  253 words
    • 2360 28 OTT FU6WT CTA FUCWT ETP OiWmM SQ455 1225 Adolaidt LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 hhwidlbld S0531 0745 Amsterdam L***** 0645 KL838 2315 SQ323 0645 L***** 2345 KL837 1605 SO324 2345 Athens SQ348 0100 Auckland EK433 0130 ***** 0835 UL2433 0130 NZ4385 2100 SQ282
      2,360 words
    • 11 28 AFP (Jakarta)
      AFP  -  11 words
    • 248 28 Reuters (CHICAGO] AMR Corp, parent of No 1 US carrier American Airlines, posted a quarterly profit on Wednesday, reversing a year-ago loss and topping analysts' forecasts as it raised ticket prices and paid less for fuel. Surging travel demand last year gave many
      Reuters  -  248 words
    • 158 28 AP ILAKEWOOD, Washington] A nine-year-old boy, who snuck onto a plane bound for Texas, has gotten caught after missing an airport connection, officials said. Semaj Booker, with a history of stealing cars and running away, apparently found a Southwest Airlines boarding card
      AP  -  158 words

  • SHIPPING
    • 533 29  -  60% of revenue expected to come from rigbuilding, ship newbuilding By DONALD URQUHART [SINGAPORE] Cosco Corp Singapore, which announced its first ever oil rig contract and vessel newbuilding orders this week, expects its new focus on offshore rigbuilding and ship newbuilding
      FILE PHOTO  -  533 words
    • 252 29 Reuters [NEW YORK] The Metal Trades Department (MTD) of the AFL-CIO labour federation has sued the US Coast Guard over allowing domestic shipyards to use preassembled foreign ship parts and engines, Ron Ault, president of the MTD, said on Tuesday.
      Reuters  -  252 words
    • 199 29 [SINGAPORE] The fifth Asian Shipping and Work Boat exhibition, starting on Feb 6 at the Suntec City Convention and Exhibition, is shaping up to be at least 20 per cent bigger than at its previous showing in 2005. According to organisers
      199 words
    • 375 29 Contract is to build and operate Saudi container terminal [KUALA LUMPUR] Tycoon Syed Mokhtar Al-Bukhary plans to inject a fresh RMI.6 billion (Ss7o2 million) port development and management project into MMC Corp Bhd, his flagship public-listed company, Malaysia's Business Times (MBT) reported,
      375 words
    • 180 29 Bloomberg [SEOUL] Hyundai Merchant Marine Co, South Korea's second-largest shipping line, reported a fourthquarter loss after container freight rates fell and the local currency gained against the US dollar. Net loss was 27.3 billion won (Ss4s million) in the three months ended December, compared
      Bloomberg  -  180 words
    • 293 29 SGX '000 Jan IS Si Vol OOHtfwre 0 43 ijiSi SV7 Oiuan Hup 034 -001 10)4 CoscoCorp .2.76 OOS 5260 Cwl limited .0.76 003 963 EnaHldgs 4 70 0 10 913 Freight tfnta .0.09 -001 4946 Grand Banks O SS -0 01 13 My* Hold LB) 1.46 OC2
      293 words
    • 836 29  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE voyage charterer of a vessel that was delayed in a discharge port due to the grounding of two other vessels in the port has been told by an English court that it had breached the
      836 words
  • Page 29 Advertisements

  • EDITORIAL & OPINION
    • 510 30 EDITORIAL ON December 26 an earthquake off the coast of Taiwan damaged crucial undersea cables, resulting in the worstever disruption of Internet services in the region. Less than a month on it's become clear that the Net's muchvaunted self-healing ability has indeed stood the test
      510 words
    • 365 30  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group FULFILLING their promise, Democrats in the US House of Representatives have voted to raise the minimum wage from the current US$5.l5 an hour to U557.25 by 2009. But before you count the
      The Washington Post Writers Group  -  365 words
    • 991 30  -  Framework seeks to address both a company's conformance and performance By GILLIAN LEES Recent high-profile corporate scandals, such as Enron and World Com, have brought corporate governance issues to the top of the business and political agenda all over However, while cases such as
      BLOOMBERG  -  991 words
    • 1283 31  -  Monetary, fiscal policies already at odds, just as are interests of business and workers; now, new political ethos adds to the friction ANTHONY ROWLEY Tokyo Correspondent THE Japanese have never been consumers on anything like the scale of Americans but lately they seem
      AFP  -  1,283 words
    • 832 31  -  LETTER TO THE EDITOR Leong Sze Man, Singapore I REFER to the article "New channels for CPF money: T-bills, gold ETFs Government also amends treatment of Special Account savings invested in fixed deposits" by Conrad Tan (BT, Dec 30), and media reports that the
      832 words
    • 592 31  -  By BARBARA LEWIS PEG MACKEY Reuters WHAT is the main driver behind Opec power Saudi Arabia's oil policy? This question is sweeping trading floors and it could be unanswerable. Is it a desire to contain any potential threat from Iran
      Reuters  -  592 words


  • 11094 32 SGX MAINBOARD Transaction date: Jan 18 52-Wk Id Last Vol Day Last Quote Div GrYW Not MCap High Low Coda Company Sal« ('000) High Low Buyr Sa»«f Cvr S PfE SmM 3.5 1 5716 1st Software 2 susp tl 11 5 6 3148 8Telecom 10.5 -0.5 2016 10
    11,094 words
  • Page 32 Advertisements
    • 31 32 TVade from 20% deposit f5 x leverage) on moat stocks Competitive financing rates In ail markets Access to Asian, US, Euro stocks Select Exchange Tteded Funds and Indices Competitive Commission charges
      31 words

  • 6037 33 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy yf dy %yr l*r, T7 Inde» Change Change Change Change Change Change Wnrk) index Preliminary tlllS 0.1 146 00 96 0.0 IBS t £AF£ Preliminary IT188 0.1 ISO 0,1 14,2 0,7 23.5 i
    6,037 words

  • Page 34 Advertisements
    • 1717 34 UK CONTINENT SERVICE U.S.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 _Aw.. ___J Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE WJJL 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 W Loads Singapore, E./W.
      1,717 words
    • 739 34 IINTERASIA RORO SERVICE VBSa/VOT MMPffD HBGHTtm I*o KCH LO I MN I JKT MMMMERSEYBI SO 4 20/01 22/01 SHAJTS EXPRESS 2 30 4 25/01 21/01 30/01 Slum EXPRESS 3 I 30 I 4 02/07 04/02 08/02 11/02 13/02 [AUSTRALIAN RORO SERVICE VPSa/VOY IHAMPffDI HBGHTWI LO SI Kl SYD ME APE
      739 words

  • Page 35 Advertisements
    • 1643 35 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/R VTrA llfH LI Mil inrC 04UNES) FAX:*****163 V\M > WAN HAI I INr\ Customer Service/Bookings Dred line (1800) *****200 V V »lHll Mill hi 11 hi# Ptt1H;(03)*****888FAX:(03)*****288 P8HH:(04)*****00FAX: (04)2296»99 Y JOH IS: (07) *****23 FAX: (07)*****21 SUR TH: (031) *****75 FAX: (031)
      1,643 words
    • 1300 35 On EASTERN CAR LINER, LTD yj I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS INTRA-ASIA SCRVICI I VOTI R«p Ufttaj SIN I TPP I PKL(N) PKL(W) PNN JKT SUI LCI MIRI ITU jIATANGAS ENDEAVOR OAK 2 60 19/01 20/01 21/01 26/01 "***** ShElly 1 W~ ~5175r ?V6l ~m —*****"
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    • 177 35 BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI IVISSa VOYAGE ETA SINGAPORE ETA KAKAOii MUUAN w substitute 039HW 19.01.2007 30.01.2007 (MApt: SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood #17-07/08 Apex Tower, Singapore *****5 Telephone: 6270 0977 II Foe simile: 6275 2309 TeUx: RS ***** SEAPAC DIRECT SIN NAMPO, D.P.R.
      177 words
    • 767 35 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL I VOY I SIN I P KIANG COLOMBO W SHtVA I COLOMBO mm m qmu im 2sjah 29 JAW KOIAPtCTAMA YPMOSI 13 JAW 24 JAW 27 JAW 30 JAN 03 FEB HOWKAH BK 0059W 30
      767 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6598 36 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 02/02 10/03 Delmas DELMAS KERGUELEN 708W *****344 To ABU DHABI (AUH) 2004 U. A. Emirates 29/01 12/02 SCI EMIRATES KA8IR 703W *****355 To ADELAIDE (ADL) 2007
      6,598 words
  • Page 36 Advertisements
    • 371 36 IRISL, ilh® (Ute® 1 3m QHm festfy (°w<&ipite (#°xn (3®©oa Qlhifewgjth IbSUU off Ikxsffiitigj (fax? V® ftiKllklljXs] to 00*300 ®3 OS fts> (3X& &sMnniMm fiin (to (kisifosi) tiufcimft} Otisum* SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: IRISL ASIA PTE LTD SINOSE MARITIME PTE LTD BOUSTEAD
      371 words
    • 536 36 vk«i yoY sm rcu vtssa vgr sin jkt PACIANOA 1907N ***** H751 PAC UNTAX 9312 21/01 2J/01 uc urnk msn —nTiT i? 75i fuwna ran irsi ***** ALAMJAYA 2 56WS ***** ***** WTHM 93H 5575? K/55 wuMk iww go/Pi M/ti mmu pus n/o; W/n i VtSSEI VOT SIN PKU VESSEL
      536 words
    • 318 36 frei. GLORY NAVIGATION GROUpI I SINCE 1970 I I OWNS A OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING I THE ENTIRE ASIA PACIFIC PORTS m REGULAR WEEKLY SERVICES: m KAOHSIUNG A CHINESE PORTS, HONG KONG I TO A FROM 1 I SOUTHEAST ASIA I SMGtfORi
      318 words


  • executive lifestyle
    • 2110 38  -  The Michelin Guide is starting a version in this region. Restaurants in Singapore are competing with those in Shanghai, HK and Tokyo to be the first to be awarded its coveted stars. JAIME EE reports JAIME EE IT may well seem like a pipe dream
      2,110 words
  • Page 38 Advertisements
    • 179 38 Usually, we eat and run.Today, we ran to eat at Sunday Luxe. With only 60 seats available, our reservation was made weeks in advance. Tempted by the possibilities on the menu, we started on a light note with vanilla waffles and coconut pancakes before paying attention to the scrambled eggs
      179 words
    • 8 38 ARTS Even museums need to network PAGE 40
      8 words

  • PROFILE/CINEMA
    • 996 39  -  The wine authority will celebrate his 80th birthday with a charity dinner which will be a wine world spectacular, says GEOFFREY EU GEOFFREY EU If HEN noted wine aum thority NK Yong wantM m e d a meaningful way to m m
      ARTHUR LEE  -  996 words
    • 594 39  -  By GEOFFREY EU HIS public behaviour in recent times has been more Borat than Braveheart, but when it comes to making movies, Mel Gibson has proven that there's plenty of method to his Mad Max. He has made some lightweight stuff in the past, but
      594 words
    • 402 39  -  By GEOFFREY EU PERFUME: The Story of a Murderer, about a man with a phenomenal sense of smell, offers both a delicious premise and the promise of an original effort from the gifted director Tom Tykwer. Instead, it falls victim to its own
      402 words
    • 298 39  -  By PARVATHI NAYAR THE charismatic Gael Garcia Bernal is the primary reason for watching The King, but even he can't do much to resuscitate this uneven film. The Mexican actor stars as Elvis, a young man who gets into situations in a purposeless way that suggests
      298 words
    • 227 39  -  DVD By PARVATHI NAYAR YOU need to check your sense of morality at the door to sympathise with the entrepreneurial spirit of Ray Elliot (Steve Coogan) who runs an alibi service agency. The agency provides rich, adulterous spouses a "get out of jail free" card by
      227 words
    • 515 39  -  By PARVATHI NAYAR NEIL Burger's film. The Illusionist, is based on Pulitzer Prize-winning Steven Millhauser's short story, Eisenheim the Illusionist. The story is set in the theatres, streets and palaces of turn-of-the-century Vienna. Though the times and places are well-evoked, there is
      515 words
  • Page 39 Miscellaneous
    • 297 39 CRYPTIC CROSSWORD ACROSS 4 Hold the fort! (4) 7 A smoker he is a reformed 'am a c ass brilsnob (9) liance (6) 8 Courage to take tea in repast 6 Fruit imported from the Ar(s) gentine (9) 10 Dress up first in compulsion 9 K^ ep t °,2 Co
      297 words

  • ARTS
    • 860 40  -  That's why the Louvre will soon launch an International Circle with a U5$25,000 annual membership fee, writes PARVATHINAYAR PARVATHI NAYAR /Jf T IS an opportunity for a few select Jf I Singaporeans to be part of a group of like-minded people interested in art, to
      860 words
    • 459 40  -  By PARVATHI NAYAR THE 10th anniversary of Singapore's longest-run-ning annual parody show. Chestnuts, proved to be a rare laugh-out-loud evening in the theatre, with the audience having as much fun as the actors Jonathan Lim, Hossan Leong, Rodney Oliveiro and Judy Ngo. After a
      459 words
  • Page 40 Advertisements
    • 356 40 ms. |Jp solid foundations and J earn 5%„, ,Ja t every mont ls tt' te »-;fc- 1 v§t i- 1 4 1 tt&&' %V Credit-linked to some of the world's largest financial institutions: Barclays Bank Citigroup Deutsche Bank Goldman Sachs ÜBS United Overseas Bank Other Important information The Base Prospectus
      356 words