The Business Times, 1 February 2007
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2007-02-01
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The Business Times
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Title Section19 2007-02-01 1 THE BUSINESS TIMES Thursday, February 1,2007 SINGAPOREIJS" cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/200619 words
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Article, Illustration685 2007-02-01 1 VEN SREENIVASAN - 29% interest in Nanjing airport is its biggest purchase so far By VEN SREENIVASAN [SINGAPORE] Changi Airports International (CAI) has thumped global competitors to bag a stake in one of China's biggest airports. The 1.08 billion yuan (Ss2l4 million) investment for a 29 per685 words
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620 2007-02-01 1 ANTHONY ROWLEY - Way paved for mutual listings, tech cooperation By ANTHONY ROWLEY in Tokyo THE Tokyo Stock Exchange and the New York Stock Exchange last night announced a cooperation deal that allows mutual listings, joint product development and technological cooperation between the world's two leading620 words
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Article138 2007-02-01 1 STI 3,125.56 H7O) ST INDEX FUTURES 3,133.00 (+3.00) siMsa ***** (-0.66) SIMSa FUTURES 379.40 (-0.80) MARKETS Wednesday Change KLCOMP 1,189.35 +7.93 NIKKEI 225 17,383.42 -106.77 HANG SENG 20.106.42 +354.04 SET INDEX 654.04 +0.55 JAKARTA COMP 1,757.26 -8.26 MANILA COMP 3,239.27 +42.61 SEOUL COMP 1,360.23 -10.49 SHENZHEN B 458.94138 words
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Page 1 Advertisements
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Advertisement10 2007-02-01 1 COMPANIES Market cap hits $648.6b PAGE 4 mi! 8 *****r*****410 words
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Advertisement13 2007-02-01 1 LATEST ON US INTEREST RATES: Get the US central bank's decision at asiaone.com13 words
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Advertisement98 2007-02-01 1 COMMENTARY Fbrget the pennies; stick to blue chips. PAGE 5 GENEVE jfiegin i JA< .iii• IC9* m.r i 9HHPj x HKSHb'VP IB Kfifl MBbK> UHfll You never actually own a Patek Philippe. MS/ mly You merely look after it for the Men's Annual Calendar next generation. f Ref. 5396R by98 words
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Advertisement9 2007-02-01 1 ONE-YEAR REVIEW fUB Bernanke holds his own I'-ifc fflPlBB9 words
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TOP STORIES
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613 2007-02-01 2 UMA SHANKARI - Price set to drop to $20-$30 per tonne soon from current $40 high By UMA SHANKARI [SINGAPORE] The government will release sand from its stockpile from today to make up for any immediate shortfall in the supply of building sand, it said yesterday.613 words
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Article478 2007-02-01 2 A firm is as good as its customer service HAVING a good corporate reputation has gone beyond just good governance, transparency and brand strength a strong personal relationship between company and customers is needed first. A survey has found that most people focus on how well a company478 words
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Article, Illustration458 2007-02-01 2 WONG WEI KONG - Banking is ultimately a people business, says chairman By WONG WEI KONG [SINGAPORE] If you're a DBS Bank customer and want to complain, chairman Koh Boon Hwee will be happy to hear you out. It's all part of the bank's push to458 words
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532 2007-02-01 2 CHUANG PECK MING - By CHUANG PECK MING [SINGAPORE] Strong economic growth continued to create record job gains in Q4 2006, adding to an all-time high for the full year, according to preliminary estimates by the Ministry of Manpower (MOM). Employment expanded 48,800 in the fourth532 words
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522 2007-02-01 2 VEN SREENIVASAN - By VEN SREENIVASAN ISINGAPORE] In what is the first partnership of its kind in Asia, and perhaps anywhere in the world, four aviation industry giants Boeing, EADS, Pratt Whitney, and Rolls-Royce have come together for a $5 million-a-year collaborative research programme522 words
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549 2007-02-01 2 A few buyers have already allowed options to lapse [SINGAPORE] Not everyone who picked up an option to buy a unit at recent previews of high-profile residential projects, such as those for Marina Bay Residences and Lumiere in December, is going549 words
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186 2007-02-01 2 Reuters [TASHKENT] Singapore investment company Temasek Holdings plans to invest US$l.5 billion in oil and gas projects in the Central Asian state of Uzbekistan, national oil concern Uzbekneftegaz said yesterday. The announcement comes after a visit to Singapore last week by UzbekReuters - 186 words
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780 2007-02-01 3 MICHELLE QUAH - Financial strength, product quality, workplace policies come next: survey By MICHELLE QUAH [SINGAPORE] Having a good corporate reputation these days means far more than just good governance, transparency and brand strength the marketplace is looking first and foremost for a strong780 words
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Article, Illustration182 2007-02-01 3 [SINGAPORE] Local retailers scrambled last night to stock their stores with Microsoft's Windows Vista, which goes on sale in Singapore from today. Vista is the latest incarnation of the Windows operating system software that controls the functions of over 90 per cent of the world'sYEN MENG JIIN - 182 words
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Page 2 Advertisements
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Advertisement6 2007-02-01 2 Our rèsumè includes Fortune 500 companies.6 words
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Page 3 Advertisements
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Advertisement8 2007-02-01 3 THE NANYAjO[g A NANYANG Alumni Association "SI ALUMNI8 words
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COMPANY NEWS
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Article710 2007-02-01 4 WEE LI-EN - It rises 7.2% to $648.6b on surge in construction, property stocks By WEE LI-EN THE continued strength of the Singapore stock market in the past month sent its capitalisation to an all-time high of $648.6 billion at the end of yesterday, up 7.2 per cent710 words
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377 2007-02-01 4 WONG WEI KONG - By WONG WEI KONG THE longer-term outlook remains positive, but Singapore and regional markets could see a correction in the near term and investors should buy only when there is a pull-back, DBS Bank told private clients at a lunch yesterday. "If377 words
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Article275 2007-02-01 4 SINGAPORE Press Holdings (SPH) yesterday said four stocks will be dropped from the Straits Times Index (STI) and sue new ones added next week. SPH, the administrator of the benchmark index, said the four stocks that will be dropped next Monday are BIL International,275 words
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620 2007-02-01 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY LAST week, frozen food firm FHTK's shares traded an astonishing average of 53 million shares a day versus an average this week of 11 million. Similarly, tech counter Ei-nets traded an average of 8.9 million units last620 words
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Article, Illustration333 2007-02-01 5 SIOW LI SEN - By SIOW LI SEN SINGAPORE Telecommunications has hired Francis Heng as group chief financial officer, completing the reorganisation of its senior managers as it prepares for the departure from the group of chief executive Lee Hsien Yang. Mr Heng, who333 words
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Article, Illustration577 2007-02-01 6 ROLAND LIM - Earnings up 11-fold to US$92m, including US$82m Apple contribution By ROLAND LIM CREATIVE Technology's second-quarter net profit soared 11-fold, helped largely by a payment from Apple following their patent lawsuit settlement. Its earnings for the three months ended Dec 31, 2006, cameFILE PHOTO - 577 words
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223 2007-02-01 6 CAPITALAND has appointed Kee Teck Koon chief investment officer and Jennie Chua chief strategic relations officer to beef up its top management. Mr Kee, who remains deputy chairman of CapitaLand Commercial and Integrated Development, Capita Land Retail and CapitaLand Financial, will over- see the group's223 words
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239 2007-02-01 6 CDL Hospitality Trusts (CDL-HT) yesterday posted distributable income of $12.4 million for the fourth quarter ended Dec 31, 2006, 34.3 per cent better than forecast. The results were helped principally by the strong performance of the trusts' hotels in Singapore. CDL-HT also said239 words
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335 2007-02-01 6 CONRAD RAJ - It's for managed client services for more than 360,000 By CONRAD RAJ ST Electronics has won a 10-year $255 million contract from the Defence Ministry (Mindef) to provide managed client services to more than 360,000 people in Mindef and the Singapore Armed335 words
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Article363 2007-02-01 6 VicPlas in MOU to buy rest of Forefront VICPLAS International, in a move to reduce its reliance on the cyclical construction business and become a medical device manufacturer, has reached a conditional memorandum of understanding to buy the balance 50 per cent of Forefront Medical Technology. VicPlas, which363 words
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488 2007-02-01 6 TYCOON Ong Beng Seng's Hotel Properties Limited (HPL) will open a 255-room Hard Rock Hotel on the Malaysian island of Penang in late 2008. The Hard Rock Hotel Penang will be built on the site of the former Casuarina Beach Resort, which closed488 words
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273 2007-02-01 6 RONNIE LIM - By RONNIE LIM THE oil and gas building boom here as in the Shell and ExxonMobil's billion-dollar petrochemical crackers has led mainboard-listed Rotary Engineering and Sesdaq-listed OKP Holdings to form a joint venture to carry out civil engineering projects in Singapore273 words
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Page 4 Advertisements
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Advertisement1165 2007-02-01 4 CATS NOTICES Xpress XPRESS HOLDINGS LTD (Incorporated in Singapore) (Company Registration No. *****2058Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Xpress Holdings Ltd ("the Company") will be held at 1 Kallang Way 2A, Singapore *****5 on Monday, 26 February 2007 at 12.001,165 words
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Advertisement535 2007-02-01 4 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FISCHERHUDE (S) PTE LTD Company Registration No. *****0368W (W MEMBERS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 306 of The Companies Act, Chapter SO, that the Final Meeting of the members of the abovenamed535 words
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Advertisement556 2007-02-01 4 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons Number 10 of 2007/J In the Matter of I'M Technologies Limited (Registration No. *****6884W) And In the Matter of Section 210 of the Companies Act, Chapter 50 SCHEME OF ARRANGEMENT under Section 210 of the Companies Act, Chapter 50556 words
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Advertisement153 2007-02-01 5 CITROEN Best Employee of the Year |f/ Hir^M S> J J I t *Ag£ ,7 I i ;J- 1 //aMWMV iX' -~^L„....... *<••*-m** K > ./l" Behold the 2007 Berlingo, a van capable of performing beyond expectations! Its incredible reliability, robustness and useful 3hn 3 volume expands and extends to153 words
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Page 6 Advertisements
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Advertisement160 2007-02-01 6 The global name in CFDs 1 CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. (55) 6390 5118 Go lonq or short of shares on margin, putting up a fraction of the full contract value. igmarkets.com.sq Share CFDs 3 3 M Guaranteed market prices, and160 words
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Page 7 Advertisements
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Advertisement23 2007-02-01 7 lyEjCji]!] 11 n I plflßEl iSSfT 1W? m- v'|nfl IffwpM jpii 11 pi ■kSBH r I ■H I h mmnm lt v- Ks#.J|23 words
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SINGAPORE MARKETS
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Article, Illustration532 2007-02-01 8 R SIVANITHY - STOCKS The STI would have been worse had it not been for a rise in SingTel and Keppel R SIVANITHY Senior Correspondent A STEEP plunge in the China stock market that triggered selling in Hong Kong meant the Straits Times Index yesterday failed to postSource: Bloomberg - 532 words
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Article, Illustration993 2007-02-01 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 31 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy Shares Per Before After Stock Date Director Sell 000 Shr OM)0) C000) Landwind Med 30-Jan-07 Echo Inv Hldgs *Buy 3561 na ***** 22.10 ***** 23.33 Innovalues Prec 30-Jan-07 Prudential993 words
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Article, Illustration953 2007-02-01 8 UMA SHANKARI - Compiled by UMA SHANKARI Hiap Seng Engineering Jan 31 dOM: 550.76 KEUVE RESEARCH, Jan 31 WAVE of downstream spending has only just started: The oil services and fabrication industries and refinery construction firms are fully booked for the next two to three years, according to the International EnergySource: Bloomberg - 953 words
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Article, Illustration519 2007-02-01 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE New Zealand dollar emerged as the biggest loser yesterday as crosstraders reportedly dived for cover ahead of a possibly more hawkish tone from the US central bank, and more European grumbles about a tooweak yen overnight. While the USSource: Reuters - 519 words
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SINGAPORE NEWS
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569 2007-02-01 9 VINCENT WEE - Tourism receipts up 14.5% on 2005, above STB's $12b target By VINCENT WEE MORE visitors than ever came to Singapore last year, the Singapore Tourism Board (STB) announced yesterday. And these 9.7 million visitors spent an estimated $12.4 billion, the figures569 words
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288 2007-02-01 9 TAMARA MOHANAN KUPPASAMY - Demo plant will purify rainwater besides seawater By TAMARA MOHANAN KUPPASAMY A NEW type of desalination plant at Sungei Tampines will come on stream this month as part of a government push to boost Singapore's domestic water supply. The Public Utilities Board288 words
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307 2007-02-01 9 UMA SHANKARI - 99-yr leasehold site is within prime property district By UMA SHANKARI MARKET watchers estimate a 3,580 square metre Handy Road residential site offered by the Urban Rede- velopment Authority (URA) could fetch $60-70 million. The 99-year leasehold site has a 2.8 plot ratio,307 words
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281 2007-02-01 9 DBS Bank has put four commercial properties on the market for sale by tender, with a total indicative price of $130 million. Marketing agent Chesterton International says one condition is that all four buildings must be bought as a bundle. The281 words
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Article103 2007-02-01 9 EDB gets four new board members THE Ministry of Trade and Industry has appointed four new board members to the Economic Development Board. They are Jonathan Asherson, Patrick AJ Gyselinck, Shunsuke Ohtsu and Gregory Paul Whittred. Their appointments take effect today. Boosting financial security of disabled A FIVE-MEMBER103 words
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252 2007-02-01 9 MULTINATIONAL corporations and other big organisations that would like to build team spirit and develop their staff now have a new way to do so through the Clipper Round the World Yacht Race. It's an amateur race in which 10 identical yachts from252 words
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Article, Illustration430 2007-02-01 9 SIOW LI SEN - By SIOW LI SEN CHINA Telecom, the largest fixed network operator in China, yesterday opened an office in Singapore as it aims to win a slice of the corporate business in South-east Asia's fastgrowing telecommunications sector. The Singapore office, theARTHUR LEE - 430 words
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324 2007-02-01 9 JANICE HENG - By JANICE HENG CHARITIES need to be focused if they wish to make a great impact, said Margaret Lien, wife of the late businessman and philanthropist Lien Ying Chow. "The thing is to be very focused, rather than trying to help everyone," she324 words
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Page 9 Advertisements
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SINGAPORE INTERNATIONAL
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Article, Illustration1021 2007-02-01 10 CHUANG PECK MING - A new pro-business attitude is attracting more foreign investments to India's main financial centre, reports CHUANG PECK MING CHUANG PECK MING HOW keen Singapore companies are on Mumbai is seen in the number of Singapore Airlines flights to the Indian city and the numberBLOOMBERG FILE PHOTO - 1,021 words
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Article, Illustration614 2007-02-01 10 TO MAKE it in Mumbai, India's financial centre, businesses must have a good product, price it for the local market and find a trustworthy local partner with the appropriate network to market the product, says Seah Moon Ming, president of Singapore Technologies Electronics. "UnderstandingFILE PHOTO - 614 words
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Page 10 Advertisements
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Advertisement135 2007-02-01 10 %%Jl |j4 V t v "J Jw "i• I-M mS? v Organised to help businesses understand how they can leverage on the 12 free trade agreements (FTAs) il— v Key topics indudt: Singapore's FTA policies 1 Date Wednesday -Thursday, 14-15 March 2007 Import tariffs and customs requirements Time B:3oam -s:oopm135 words
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Advertisement41 2007-02-01 10 ENTERPRISE The Business Times SINGAPORE Singapore Singapore International is a weekly, merket-toaaed series brought to you fay E Singapore and ft* Mmr Times. E Singapore is an agency under the MWstry of Trade and Industry helping Singapore enterprises export and internationalise.41 words
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ECONOMY WATCH
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441 2007-02-01 11 It also hikes key overnight repurchase rate by 0.25% to 4-year high of 7.5% Bloomberg [MUMBAI] India's central bank yesterday increased its economic growth forecast to 9 per cent and raised a key interest rate for the fifth time in a yearBloomberg - 441 words
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Article, Illustration467 2007-02-01 11 LAT [WASHINGTON] Nobody ever said Alan Greenspan would be an easy act to follow. But Ben Bernanke, marking his first anniversary as chairman of the US Federal Reserve, is winning Greenspan-like plaudits for steering the US economy towards steady growth andLAT; AP - 467 words
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324 2007-02-01 11 Lower consumer spending seen, and no raising of rates Bloomberg [TOKYO] Japan's wages unexpectedly fell in December at the fastest pace in 16 months as companies paid lower winter bonuses, signalling that a slump in consumer spending may deepen and prevent theBloomberg - 324 words
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156 2007-02-01 11 Bloomberg [KUALA LUMPUR] Malaysia's government said exports are holding up against a strengthening ringgit, suggesting monetary officials are unlikely to curb the currency's gain. The ringgit has advanced 0.8 per cent against the dollar this year, the world's third-best performing currency afterBloomberg - 156 words
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Page 11 Advertisements
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Advertisement404 2007-02-01 11 Diners Club Card To apply, c*Jl64l (y 0980 I KVBVH ITvTIViTITi A World of Exclusive Privileges Treats Diners Club vipjp/m^w I >,> i i* m H Rendezvous with us this Valentine's Day from Ss23o To Celebrate With Fcx enquiry or reservations, please call Tel 6336 1880 Of email reservatlons«rendezvous.com.sg VI404 words
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MALAYSIA/INDONESIA
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406 2007-02-01 12 No intention to undo bumiputra policy: trade official Reuters [KUALA LUMPUR] The US assured Malaysia yesterday it was not trying to dismantle the Asian country's affir-mative-action policies that favour ethnic Malays as part of the countries' freetrade negotiations. But the USReuters - 406 words
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Article, Illustration501 2007-02-01 12 S JAYASANKARAN - He puts down M'sia PM's attempts to explain use of RM175m plane By S JAYASANKARAN in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad yesterday took a sarcastic swipe at his successor's efforts to explain Kuala Lumpur's purchase of a RMI7S millionREUTERS - 501 words
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470 2007-02-01 12 LAUREL TEO - By LAUREL TEO in Jakarta INDONESIANS are about to find processed food and drinks more expensive. Blaming higher ingredient and production costs, makers are set to raise prices 5-15 per cent. Several have already confirmed their intention to the Indonesian Food and470 words
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218 2007-02-01 12 Bloomberg [KUALA LUMPUR] Bursa Malaysia Bhd, operator of the nation's stock exchange, said fourth-quarter profit almost doubled, beating analysts' estimates, as merger proposals in the market fuelled trading. Net profit jumped to RM28.6 million (S$12.6 million), or 5.5 sen a share,Bloomberg - 218 words
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105 2007-02-01 12 Reuters [HONG KONG] Indonesia will start investor presentations for an offshore dollar-denominated bond issue later this week, a market source said yesterday" The roadshow will be launched in Asia tomorrow, and continue to Middle Eastern and US investors on Monday and Tuesday, the source said.Reuters - 105 words
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Page 12 Advertisements
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Advertisement172 2007-02-01 12 NHM 08:45 16:15 I aM|fc| Singapore—Tokyo W NHIII |0:40 17:15 I Tok y° Singapore w~il B NH9 ?I 23:25 06:55+11 w Singapore —Tokyo H^l NH9OI 17:25 00:05+1 Tokyo Singapore w, 4? jjwfe BIHHHHHHMHHHHHHHHHHHHIHHHHHBHIHHHHHHHHIIIHHHHHHHBifIBHBBBBBBiBHBk~.^iiiMMHH^^« /a\ •N/ v Sifrfirrrr T\tsj MORE EFFICIENT CONNECTIONS. j LESS WAIT. «h" With our new morning flight172 words
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GREATER CHINA/INDIA
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Article, Illustration798 2007-02-01 13 US$11.3b deal will result in world's 5th largest steel making group AP Bloomberg (NEW DELHI! India's Tata Steel said yesterday it outbid Brazilian rival CSN to take over European steelmaker Corus Group, offering USsll.3 billion for the biggest-ever acquisition by an Indian company.AP; Bloomberg; AP PHOTO - 798 words
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497 2007-02-01 13 SIDDHARTH SRIVASTAVA - By SIDDHARTH SRIVASTAVA in New Delhi TATA Steel's US$ll.3 billion acquisition of AngloDutch steel maker Corus marks a new high in India Inc's rise to global heights. The deal will make India a net exporter of foreign capital for the first497 words
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Article, Illustration530 2007-02-01 13 JANE MOIR - By JANE MOIR in Hong Kong HONG KONG'S leader is expected to launch his election campaign today, with the race for chief executive to be dominated by economic issues such as tax rates, a minimum wage and further financial530 words
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Article2537 2007-02-01 13 VOl Ja«31 KM W- rOOO) ASM Realty 1.41 -0.02 5 AbricBhd OJ3 0.01 97 Acp Industries 1-61 -0.02 824 Advance Synergy .0.26 -0.01 997 Adventa Bhd OJO -0.03 318 Ae Mutti Hldgs *36 -0.01 183 Affin Holdings 196 -0.03 1987 Ahmad Zaki Resou. .2 56 -0.01 180 Ak2,537 words
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454 2007-02-01 13 Bloomberg [SHANGHAI] China's stocks tumbled the most in at least 21 months after a lawmaker said they were overvalued, fueling speculation the government will act to limit investment. "There is already a bubble here," said Zhang Ling, who oversees about USsl.l billionBloomberg - 454 words
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MIDDLE EAST
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676 2007-02-01 14 CLARENCE MICHAEL - There may be a 15% rise in Mid-east initial share sales this year: report By CLARENCE MICHAEL in Dubai THE stock markets in the United Arab Emirates might be suffering from persistently low valuations, with many market followers sceptical about the promised revival,676 words
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226 2007-02-01 14 Bloomberg [DUBAI] Dubai-based Kingdom Hotel Investments will build a US$65 million resort in Vietnam, its third Asian investment in nine months as opportunities in the Middle East become too expensive. "We see most of the opportunities in Asia," said Sarmad Zok, chief executive ofBloomberg - 226 words
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Article6917 2007-02-01 14 UNIT TRUSTS FUNDS AM Amro Asset Mgt (S'pore) Stai Europe Eqty'** 1 061/ Star Europe Bond.._ 1167/ Star Europe M 1724/ SB Asian Iqer fqty 1311/ Star Asa Bond 1311/ Star Aw Balanced 1 096/ Stat Global Technology fund'" 0 21V Mult St M 0979/ Star Asia BondlUSD) 0852/ bfcMuftStUSO6,917 words
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Page 14 Advertisements
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Advertisement40 2007-02-01 14 You can use you CPF savingsto invest AllianzGI RCM Global High Payout Fund. Visit our appointed distributors for more details. LOOK OUT FOR INFINITE gf INVESTMENT OPPORTUNITIES. fcftj J-*( JIS Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS s40 words
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ASIA-PACIFIC/WORLD
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568 2007-02-01 15 Currency controls, new foreign ownership laws affect its plans to build new plant Bloomberg [BANGKOK] Ford Motor Co. the world's third-largest carmaker, may scrap as much as US$l billion of planned investment in Thai factories after the nation's military-backed government imposed currency andBloomberg - 568 words
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Article424 2007-02-01 15 AP [WASHINGTON] The US economy snapped out of a sluggish spell and grew at a faster-than-expected 3.5 per cent pace in the final quarter of last year as consumers ratcheted up spending despite a painful housing slump. The fresh snapshot of business activity,AP - 424 words
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Article, Illustration644 2007-02-01 15 The US tycoon is seeking a seat on Motorola's board NYT [NEW YORK] Carl Icahn, the billionaire financier who has made a career of agitating for change at some of the nation's biggest companies, said on Tuesday that he plans to seek a seat on theNYT; BLOOMBERG - 644 words
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318 2007-02-01 15 Reuters [WELLINGTON] New Zealand's Telecom Corp Ltd yesterday bid As32o million (*****.5 million) for Australia's No 2 broadband operator Power Tel Ltd in a move aimed at shoring up its struggling Australian business. Analysts said the deal would help Telecom's poor-ly-performing AAPT unitReuters - 318 words
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Article480 2007-02-01 15 Reuters AP [TOKYO] Japanese electronics groups Toshiba Corp and Fujitsu Ltd said quarterly operating profit dropped on sharp price falls in microchips and hard drives, and forecast steeper price declines to come. Toshiba, the world's second-biggest maker of NAND-type flash meihory, said the pace ofReuters; AP - 480 words
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Page 15 Advertisements
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Advertisement297 2007-02-01 15 H| Induction Day 27 February 2007 w* ■9 Closing Date for Enrolment* 9 March 2007 BP I and speak to the Course Director. Lunch is provided. 3 1 Please email hreeves@centlaw.com if you would like to attend. *|l I p rr-i p rj |^E I or email CLTSTEP_regi strar3centlaw.com for297 words
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AVIATION
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Article, Illustration700 2007-02-01 16 Company forecasts plane deliveries to rise 17% next year from 2007 production plans Bloomberg [SEATTLE] Boeing Co, the world's second-largest maker of commercial airplanes, said fourth-quarter profit more than doubled after deliveries surpassed company forecasts and bigger rival Airbus SAS delayed production.Bloomberg; AFP - 700 words
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477 2007-02-01 16 ADAM AIR PLANE CRASH IHT [WASHINGTON] Pilots complained repeatedly about problems with an Adam Air Boeing 737-400 in the weeks before it crashed into the sea off Sulawesi Island, Indonesia, on Jan 1, according to several investigators involved in the crash inquiry. Two of theIHT - 477 words
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159 2007-02-01 16 AP [KUALA LUMPUR1 Air travel in the Asia-Pacific region grew 4.7 per cent in 2006 from a year ago and is likely to remain "positive" this year, with strong regional economic growth to underpin demand, an industry group said yesterday. An easingAP - 159 words
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446 2007-02-01 16 AP [SAN FRANCISCO] With the US Department of Transportation blocking its takeoff, fledging airline Virgin America has added one of the agency's former chiefs to its board in an effort to prove it is not beholden to foreign interests.AP - 446 words
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291 2007-02-01 16 AFP [WASHINGTON] The US Air Force on Tuesday cleared the way for European aerospace company EADS to bid against Boeing Co for a multi-billion-dollar contract to supply a new generation of refuelling tankers. In its final "request for proposals", the PentagonAFP - 291 words
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Article2332 2007-02-01 16 or* fucht ct* fuht no AhoDhahi SQ455 1225 5Q456 1300 Adoiakk LH9771 1740 AF8088 2215 SO268 1740 BA7382 2215 AF8067 1830 QF82 2215 BA7381 1830 LH9770 2350 Qf81 1830 5Q269 2350 V lhtl 1930 Amsterdam L***** 0645 KLS38 2315 SO323 0645 *****2 2345 KL837 1605 5Q3242,332 words
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Page 16 Miscellaneous
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Miscellaneous189 2007-02-01 16 CRYPTIC CROSSWORD DOWN 2 The ass wants orange squash 13 Getting better at changing YESTERDAY'S SOLUTION (6) position (9) Across: 7 Tolerance, 8 Cargo, 10 3 Reportedly calmer on learn- 14 Account in the New Testa- steers, 11 External, 12 Banned, 14 ing one's fate (5) ment (9) Palate! 16189 words
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SHIPPING/AVIATION
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Article, Illustration533 2007-02-01 17 DONALD URQUHART - Royal Caribbean re-focuses its priority in Asia to local passenger sourcing By DONALD URQUHART [SINGAPORE] Marketing cruise vacations in Asia requires a greater degree of sophistication and focused targeting than the North American market, according to the world's second largest cruiseBLOOMBERG - 533 words
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300 2007-02-01 17 Greek owners spend US$1b on all types of ships Bloomberg [ATHENS] Shipowners worldwide spent a total of about US$2.9 billion buying second-hand ships in January, the biggest investment since October, compared with US$l.6 billion in the same month last year, broker AlliedBloomberg - 300 words
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299 2007-02-01 17 Bloomberg [ATHENS] The cost of transporting crude oil to the US may keep rising if President George W Bush's plan to double the size of the country's reserves is approved by Congress, Poten Partners Inc said. In his annualBloomberg - 299 words
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Article, Illustration593 2007-02-01 17 Bloomberg [DALLAS] United Parcel Service Inc, the world's largest package-delivery company, reported a 7.5 per cent increase in fourthquarter earnings and said profit growth will slow this year. The group's net income rose to USsl.l3 billion, or US$l.O4 a share,Bloomberg - 593 words
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416 2007-02-01 17 AIRLINE RESULTS Bloomberg DALLAS] US Airways Group Inc. a hostile suitor for bankrupt Delta Air Lines Inc. posted a fourthquarter profit of USsl2 million as it charged more for tickets. Net income of 13 cents a share compared with a year-earlier loss of USs26lBloomberg - 416 words
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203 2007-02-01 17 AP [TOKYO] All Nippon Airways Co said yesterday its profit in the third quarter fell 8.5 per cent due to continued high jet fuel costs and a loss stemming from a return of leased planes. Net income at Japan's NoAP - 203 words
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151 2007-02-01 17 AP (SEOUL] Korean Air Co, South Korea's largest airline, said on Tuesday that fourth-quarter net profit more than doubled as the strong won helped boost demand for overseas travel. Korean Air earned 75.7 billion won (S$123 million) in the three months ended DecAP - 151 words
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Page 17 Advertisements
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Advertisement355 2007-02-01 17 Xpress XPRESS HOLDINGS LTD (Incorporated in Singapore) (Company Registration No. *****2058Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 1 Kallang Way 2A, Singapore *****5 on Monday, 26 February 2007 at 12.30 p.m. (or as soon thereafter355 words
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EDITORIAL & OPINION
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496 2007-02-01 18 EDITORIAL ALL listed companies should heed the Singapore Exchange's (SGX) reminder this week to listed property developers to exercise care when making statements on potential selling prices of new launches. The reminder which was issued in response to a BT commentary that argued that property496 words
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Article, Illustration1211 2007-02-01 18 STEPHEN ROACH - US workers' fears are feeding into the political backlash that is bubbling over in Congress By STEPHEN ROACH AMERICA has been down this road before. In many respects, the Japan bashing of the late 1980s has an eerie, but encouraging, similarity with the China bashing ofREUTERS - 1,211 words
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Article, Illustration772 2007-02-01 18 FRANK CHING - THE BOTTOM LINE FRANK CHING AFTER days of tight-lipped silence, the Chinese government last week finally confirmed what the rest of the world already knew, courtesy of the United States: that China had conducted a test on an anti-satellite weapon despite two772 words
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Article, Illustration942 2007-02-01 19 ANTHONY ROWLEY - The governments want to control their own monetary affairs and are making only token obeisance to alliance ANTHONY ROWLEY Tokyo Correspondent FINANCE ministers from the Group of Seven (G-7) nations will meet in Germany next week and go through the motions of multilateral cooperation butREUTERS - 942 words
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Advertisement319 2007-02-01 19 '".^r^ i w jOf l Jr V^^ NR H J «B 7 J i' 11 she w"P HR „3pg PRIVATE. IDYLLIC. COMPLETELY YOURS. A hallmark of distinction and service excellence opens its doors at the first ever St. Regis resort in Asia. Introducing St. Regis Resort Residences, Bali. For the319 words
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Advertisement1040 2007-02-01 19 r td I Toronto Dominion bank CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF As at October 31 INCOME (millions of Canadian dollars! For ,he V earS ended Oc,ober 31 I assets 2006 2005 (millions of Canadian dollars) Cash and due from banks 2,019 1,673 2006 2005 I Interest-bearing deposits with Interest1,040 words
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Article10788 2007-02-01 20 SGX MAINBOARD Transaction date: Jan 31 52-VVk Tel Ust Vol Day Last Quote Div GrYld Nat MCap High Low Cod« Company Sale *1- C000) High Low Buyer Sdht Cw WI hull 3 5 1 5716 1st Software 2 susp 8.1 115 6 3148 ffWecom 10 +05 573 1010,788 words
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Advertisement35 2007-02-01 20 TYade from 20% deposit (5 x leverage) on most slocks Qo long or short Competitive financing rates in an markets Access to Asian, US, Euro stocks Select Exchange Iteded Funds and Indices Competitive Commission charges35 words
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Article5959 2007-02-01 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In loc*l curr In SS In USS dy yr dy yr dy *yr jan 30 inden Change Change Change Chang* Chang* Chang* World ■noei Preliminary 1117.8 0.4 15.3 0,3 100 0.5 18.9 J £Afl Preliminary 1132,4 0.3 16 4 03 15.1 0.5 24.55,959 words
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Advertisement1501 2007-02-01 22 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN XU CHANG HAI LAX/VCW/MZL MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Molaysia, Indonesia E /w Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT Destination PAN VOYAGER JDH/DMT/BJA STX PO TBN INC/BSN J SAFE DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Molaysia, Indonesia Loads1,501 words
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Advertisement445 2007-02-01 22 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.tom VESSEL VOY lUV HEIGHT SIN UK MAO SAV lAL OU TARONGA Af7OS 3201 dm 6.25 M 06/0? 12/03 16/03 21/03 19/03 TAMESIS A 1706 320Tmm MM 14/02 12/03 21/03 25/03 21/03 27/03 TAMPA AF7O7 ***** m 6.4 M 27/02 23/03 01/04 OS/04 10/04 01/04445 words
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Advertisement1433 2007-02-01 23 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/R T1L*****588 (HUNK) FAX:*****163 W\WAN HAI LINES ssasssssiusss. \L JOHIH; (07) *****73 HUtIOTBSimiMIH: (031) WM7SHO; (031 )J7WI«/3»1305 www wanliai cam <o *TM;(0J1)*****8fU:(021)H547Mru1t7163M/71UI1 MfcTltS7* »TH:(O6I)4IS7M3HUL|O»H 4l»»?b rou sin «g ww m twnrius rro m «m «w m_ man HM 731 I No*7 I 30/011,433 words
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Advertisement1164 2007-02-01 23 IVtSSIL VOY PKL SIN KARACHI I DXi I 3A3 PMM BIK KHOR IRAN SATTARI PCI 6167 10/02 11/02 20/02 23/02 24/02 02/03 04/03 06/03 IRAN SHAHRYAR PCI SIM 15/02 16/02 25/02 23/02 01/03 07/03 09/03 J l/03 IRAN lAAIAI PCI 3139 23/02 24/02 05/03 03/03 09/03 15/03 17/03 19/03 Ivtsse1,164 words
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Advertisement582 2007-02-01 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS «aa I wt I sw I ram, ammo ushb* Icouwio UntfHUMt TfMDSI am M Mil PMI KJM KLB MfflKUL—-SSSE SJ4L _81S Btfa__!ia_ KOWfHnW TFWW; OtFB r»B 10Fa 13Fa 17W ALSO ACOPIMS FQ 10 COOMI lUIKDW MM (Vl*582 words
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The Business Times Shipping Times
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5912 2007-02-01 24 ETA HA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Numb 1 J*"*"..... To ADELAIDE (ADL) 2007 Australia 11/02 02/03 China Shpg ANL WARRINGA 0015 *****898 11/02 02/03 PTDjakarta ANL WARRINGA 0015 *****202 18/02 09/03 China Shpg API. TOPAZ 002S *****898 18/02 09/03 PTDjakarta5,912 words
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BizIT
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326 2007-02-01 25 ROLAND LIM - By ROLAND LIM NANYANG Polytechnic and IBM have set up a US$2 million innovation centre focusing on the Cell Broadband Engine (Cell BE), a processor technology used in supercomputers and gaming consoles. Announced earlier this week, The Cell Broadband Engine Technology Innovation326 words
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Article, Illustration663 2007-02-01 25 AMIT ROY CHOUDHURY - But analysts don't expect any big surge in sales as IT managers are not too eager to switch to a new OS, says AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY WITH the consumer versions of Microsoft Windows Vista operating system (OS) and OfficeAP - 663 words
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Article, Illustration633 2007-02-01 26 AMIT ROY CHOUDHURY - Consumer versions of the two products to be available in stores from today By AMIT ROY CHOUDHURY MICROSOFT is spending more than US$l million to make the launch of Windows Vista operating system (OS) and Office 2007 in Singapore a success. The consumer633 words
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235 2007-02-01 26 Bloomberg [HONG KONG] SAP AG, the world's largest maker of business management software, plans to add more than 2,000 customers this year in Asia, a region whose sales growth will outpace the company's, board member Leo Apotheker said. "We are gainingBloomberg - 235 words
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Article, Illustration295 2007-02-01 26 Bloomberg [NEW YORK] APPLE Inc. which dominates the market for digital music players, started selling its lowest-priced and smallest iPod in four additional colours to encourage customers to view it as a fashion accessory. The iPod Shuffle now comes in blue, pink,Bloomberg; BLOOMBERG - 295 words
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Article, Illustration532 2007-02-01 26 WINSTON CHAI - By WINSTON CHAI GOOGLE looks set to grow its presence in Asia with the opening of another regional office, this time in Singapore. As a precursor to the inauguration of its local subsidiary, the search giant placed a string of recruitment advertisements on job sites532 words
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Article, Illustration546 2007-02-01 26 AMUROY CHOUDHURY - By AMUROY CHOUDHURY AS COMPANIES across Asia-Pacific seek to leverage on their ever-growing databases, the market for tools to extract useful data from this huge pile of information is growing robustly in the region. Major software vendors want to tap the market,546 words
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446 2007-02-01 26 NYT [SUNNYVALE. California] Yahoo said on Tuesday that it planned to build individual websites around 100 entertainment "brands" this year that would pull together content from Yahoo's sprawling array of online properties. The effort, called Brand Universe, is intended to createNYT - 446 words
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Advertisement551 2007-02-01 25 BUSINESS INTELLIGENCE Oracle seeks to leverage BI expertise in Asia-Pacific pg 26 .i|i.i|i. 4 n CISCO > m m Nothing motivates Glenn Tan, Group Chief Executive of Motor Image Enterprises Pte Ltd, more than the challenge of driving the Subaru brand image to its fullest potential in the Km m551 words
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PROPERTY
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Article, Illustration269 2007-02-01 27 UBS, Goldman Sachs, DBS appointed; exercise to take 18 months Reuters SINGAPORE state-owned industrial landlord JTC Corp yesterday said it has appointed ÜBS, Goldman Sachs and DBS as advisers for the launch of an industrial property trust and the sale ofReuters; FILE PHOTO - 269 words
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203 2007-02-01 27 Reuters [NEW YORK] Jones Lang LaSalle Inc. a global real estate services company, said on Tuesday that quarterly net income rose 21 per cent, reflecting a strong demand for commercial real estate worldwide. Jones Lang said it earned US$81 million, or US$2.37 perReuters - 203 words
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Article, Illustration513 2007-02-01 27 ARTHUR SIM - By ARTHUR SIM THE run-up to Chinese New Year should see plenty of property launches, with developers drumming up interest in advance. The biggest launch will probably be Keppel Land's 1,129-unit Reflections at Keppel Bay, which, according to KeppelFILE PHOTO - 513 words
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Article, Illustration416 2007-02-01 28 ARTHUR SIM - New benchmarks reached for Prepared Industrial Land By ARTHUR SIM JTC Corporation (JTC) says net allocation of its industrial facilities remained positive for a third straight year in 2006, with new benchmarks achieved for Prepared Industrial Land (PIL). Net allocation land or space leased orFILE PHOTO - 416 words
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219 2007-02-01 28 HOLLAND Crest, located within walking distance to Holland Village, has been put up for sale by expression of interest. The development, which comprises two blocks of 41 residential apartments, has a price tag of about $67.5 million. Marketing agent Knight Frank219 words
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793 2007-02-01 29 KALPANA RASHIWALA - Conservation shophouses also in play to tap rising office rents By KALPANA RASHIWALA INVESTORS and speculators who find units at highend property launches beyond their budgets are turning to older strata apartments and commercial property with collective sale potential. Such properties793 words
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1784 2007-02-01 29 PROJECT NAME/ PROP CONTRACT TENURE BUttHN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (St'OOO) (Si) District 1 NON-LANDED The Sal 6 Marina Bay Apt 11/01/2007 99 936 1554 1659 The Sal Manna Bay Apt 11/01/2007 99 689 1378 20001,784 words
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Page 27 Advertisements
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Advertisement290 2007-02-01 27 PAN iscamo expßcsswAY (Pie> 7, 9 Ml Lorong 26 Geylang •SmVlskkS' o Freehold kauang a <8» auumico Land area: Plot A Approx. 7,362.5 sf I sims Avenue g Plot B Approx. 8,164.5 Sf g ceviANG road < Plot ratio 2.8 I ~ES s S Sty Close to amenities, eateries 8290 words
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Advertisement12 2007-02-01 27 Merchant of ancient days relied on the Silk Road for East-West trade.12 words
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Advertisement205 2007-02-01 28 IIIHSifIHBH v"/ at /x WKnLßff V Gardens aggp 1 A. Werner^—_ JfegWßrv/-/ J|]yj HMU«J 111HllH11 \l yg fqurth\ST V V c^ sces V* v \i uD IWHH mWB;i!l»' ta I M IHWI K^23B jSfli 45/45 A MacPherson Rood I Site Area: 9,806 sq ft GFA: 27,833 sq ft Current Use:205 words
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Advertisement157 2007-02-01 29 n^ 7 W S FOR SALE gal No 217 Coast Road v —hi Freeho,d 131x1 area: 683,5 m A PP rox 7 357 ft s r^" <1 *Sibi) J F oor area: 2,490.1 $q m (Approx. 26,803 sq ft) Building suitable for commercial/residential use Prominent and visible frontage to JT157 words
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Advertisement28 2007-02-01 30 pr| tC3 IRnnulil *1M /B W4M| H IMii^llß 1 P ill B ORCHARD BOULEVARD mAIMWMH ORANGE GROVE RD NAPJER RD ARDMORE PARK MHHHIH KSv" ''19 ipa i! Hit28 words
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