The Business Times, 28 February 2007
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2007-02-28
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The Business Times
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Title Section22 2007-02-28 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) *****2/2006 Wednesday, February 28,200722 words
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704 2007-02-28 1 Impossible for iTV to pay up, says company director By OUR CORRESPONDENT in Bangkok THAI officials yesterday said they would seize the assets of iTV if the television station subsidiary of Shin Corp does not pay 100 billion704 words
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Article, Illustration844 2007-02-28 1 TEH HOOI LING - Taiwan, Vietnam escape selldown as rumours swirl of Beijing imposing anti-speculation measures next week By TEH HOOI LING [SINGAPORE] Yesterday's near 9 per cent fall in Chinese stocks the biggest in 10 years sent regional markets, as well as those in Europe, reeling844 words
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Advertisement43 2007-02-28 1 CORPORATE RESULTS NOL: 2006 profit down 55% PAGE 4 I r mUfr v |JM| -0, mm X ■•w 11 M PETROL PRICES No more hidden fuel discounts PAGE 19 INTEGRATED RESORT Genting's casino licence hangs on suitability checks on new shareholders page 243 words
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Advertisement36 2007-02-28 1 COMPANIES jg£Ll| AVIATION SHIPPING fcSk Isetan proposes whopping Tiger Airways ropes in Review Tbrres stand: $1.50 a share dividend CHWBwBj ex-Jetstar Asia exec Tbmrny Koh PAGE 3 ■W«3l PAGE 20 PAGE 21 Markets Digest, Page 236 words
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Advertisement29 2007-02-28 1 Shipping Aviation H ILLTOPS own the original Luxury residences at Cairnhlll Debut soon T +05 6100 2323 www.hilltops.com.sg the ladyhill I the lincoln modern I blvd ITHR3E thres robin29 words
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TOP STORIES
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520 2007-02-28 2 ARTHUR SIM - INTEGRATED RESORT AT SENTOSA Award of licence and signing of development agreement are separate matters, says ministry By ARTHUR SIM [SINGAPORE] In a surprise move, the Singapore government yesterday said it will conduct suitability checks on Genting group's new shareholders, who include Macau casino520 words
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Article32 2007-02-28 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 6388-3838.32 words
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371 2007-02-28 2 ROLAND LIM - New 25,000 sq ft outfit set to carry 70% of company's inventory by 2010 By ROLAND LIM [SINGAPORE] German memory chip maker Qimonda has opened its biggest global distribution centre in Singapore and plans to hire up to 20 per cent more people371 words
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619 2007-02-28 3 DANIEL BUENAS - Move to deal with unused tax credits fails to please some minorities By DANIEL BUENAS [SINGAPORE] Isetan (Singapore) yesterday proposed a whopping $1.50 special and final dividend in a bid to address the controversy over $61 million worth of unused tax credits. But619 words
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Article541 2007-02-28 2 Isetan proposes cash payout of $1.50 a share ISETAN (Singapore) yesterday proposed a whopping $1.50 special and final dividend in a bid to address the controversy over $61 million worth of unused tax credits. But it has aborted a rights issue that was to come with the cash541 words
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Article130 2007-02-28 2 sn 3,232.02 (-75.90) ST INDEX FUTURES 3,232,00 (-76.00) siMsa 395.85 (-835) SIMSa FUTURES 395.80 (-8.90) MARKETS Tuesday Change KLCOMP U37.08 -35.79 NIKKEI 225 18,119.92 -95.43 HANG SENG 20.147.87 -360.08 SET INDEX 683.95 -4.75 JAKARTA COMP 1.764.01 -19.94 MANILA COMP 3.331.29 -48.71 SEOULCOMP 1.454.60 -15.43 SHENZHEN 8 491.89 -46.59130 words
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Article, Illustration607 2007-02-28 3 KALPANA RASHIWALA - Tange design yet to get official approval: sources By KALPANA RASHIWALA [SINGAPORE] Tenants at Specialists' Shopping Centre and Hotel Phoenix are getting ready to move out around the middle of this year, but it remains to be seen how soon owner OCBC will start redeveloping607 words
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Advertisement450 2007-02-28 2 Swaps Work! Usage of swaps in different financial markets Dates Swaps are extensively used not just in traditional money and capital markets, 28 &29 March 2007 foreign exchange, equity, commodity but increasingly in managing credit risk 9.00 am to 5.00pm as well as in trading volatility, variance, correlation and inflation.450 words
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Advertisement47 2007-02-28 2 people Black belts wanted. Hot Ipo Royal Sun Alliance Insurance (Singapore) Ltd., is now able to provide you with worldwide medical insurance offering valuable benefits at competitive prices. For more information contact us at: 6423 0817 or 6423 0816 or email: interglobal@sg.royalsun.com ROYAL KlnterGlobal SUNALLIANCE Healthcare Plan47 words
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Advertisement195 2007-02-28 2 IN THE MATTER OF THE COMPANIES ACT CAP SO AND IN THE MATTER OF (1) AIM WILLS MARINE SURVEYORS PTE LTD (Co. Reg No.: *****7390H) (2) AIL CONSTRUCTION PTE LTD (Co. Reg. No.: *****7289 M) (3) CYBER ENGINEERING SERVICES PTE LTD (Co. Reg. No.: *****0089E) (4) MARINE FUEL CONSULTANTS INTERNATIONAL195 words
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Advertisement124 2007-02-28 3 f mmrnmrnmrnammammm i^jpSH|^ *--Jlj j 'W 1 «[?f»? w' Walp'™-- Bold standard 18" chrome aluminium wheel, Highly response handling makes for a smooth drive An infcrior of fine leather «oU, a sense of pore indulge front-to side curtain airfeog, for comply p**. of mind Critically acclaimed. Sophisticated. Refined. Built with124 words
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COMPANY NEWS
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779 2007-02-28 4 DONALD URQUHART - HOCK LOCK SIEW By DONALD URQUHART LIKE many of its local competitors large and small, integrated marine group ASL Marine is riding high on the ongoing offshore wave. The group recently reported a 36 per cent jump in net profit to $16.8779 words
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Article, Illustration634 2007-02-28 4 DONALD URQUHART - Falling freight rates, rising fuel costs cited for 55% drop in 2006 profit By DONALD URQUHART [SINGAPORE] Stung by falling freight rates and rising fuel costs, Neptune Orient Lines (NOL), operator of the world's eighth largest container line, said its 2006 profit fell634 words
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Article, Illustration402 2007-02-28 5 WEE LI-EN - SGX, Ho Chi Minh City Securities Trading Centre ink MOU By WEE LI-EN SINGAPORE Exchange (SGX) and Vietnam's stock exchange may form a trading link as more Vietnamese companies list here, Ho Chi Minh City Securities Trading Centre (HOSTC) chief executiveARTHUR LEE - 402 words
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344 2007-02-28 5 JANICE HENG - By JANICE HENG THAI Beverage, a brewer and distiller listed on the Singapore Exchange, yesterday reported a 3 per cent fall in earnings for the financial year ended Dec 31, 2006, to 10.1 billion baht (*****.6 million) from 10.3 billion baht the344 words
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251 2007-02-28 5 UMA SHANKARI - By UMA SHANKARI By UMA SHANKARI MEDIA group Singapore Press Holdings (SPH) said yesterday that directors and related parties have bought 10 apartments at its Sky@eleven condominium for a total of $24.9 million. The company said in a filing to the Singapore Exchange that251 words
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Advertisement1902 2007-02-28 4 ■JL> Tan Chong International Limited f TAPICHOHG (Incorporated in Bermuda with limited liability) Y"t E NATIONAL (Stock Code: 693) FINAL RESULTS 6. Dividends The Board of Directors ("Board") wishes to announce the following For the year ended audited results of the Group for the year ended 31 December 2006. 311,902 words
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Advertisement183 2007-02-28 5 Get ready to benefit from the wealth of cost effective processing solutions! Exhibition Hours: 180 exhibiting companies from some 20 countries 29 31 March 2007 will bring you the most up-to-date and cutting-edge io.ooam to 6.00pm technology on plastics and rubber. 1 April 2007 10.00 am to 5.00pm This is183 words
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Advertisement355 2007-02-28 5 The National University of Singapore la calling for pra-quallfication from potential private aactor partners to develop a new University Town uaing a Public Private Partnership (PPP) procurement model. The PPP Partner will be required to design, build, finance A operate the 'University Town Warren' for 25-30 yeara. The proposed 'UniversityTownOWarren'355 words
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SINGAPORE MARKETS
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Article, Illustration859 2007-02-28 6 SECURITIES TRADING SCOREBOARD IMM SOQ TOTAL 0— Ot* JM* UP DOW Uwdl Muttilnd 3 12 2 0 1 0 3 13 2 Manufacturing 26 143 25 16 32 168 55 Commerce 7 54 22 3 12 5 10 66 27 Tpt/5tor/Comms 2 5 0 "t 1 2 3 Finance 1859 words
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Article, Illustration844 2007-02-28 6 LARRY WEE - CURRENCIES It'll be worrying if the US$ can't even hold its own against these low-yielders LARRY WEE Senior Correspondent T HERE were reasons aplenty to explain why the US dollar has resumed its slide since last Friday, but its losses will start to844 words
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Article, Illustration585 2007-02-28 6 MATTHEW PHAN - Compiled by MATTHEW PHAN SembCorp Industries Guaitozhao IFB Feb 27 dose: $0.19 KIM ENG RESEARCH, Feb 27 FAIR-VALUE gains buttressed by healthy poplar growth: Guangzhao IFB (GIFB) posted a 25 per cent in? crease in FYO6 net profit to 74 million yuan ($14.6 million), which was largely attributedSource: Bloomberg - 585 words
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Article, Illustration551 2007-02-28 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent IF IT isn't Wall Street. India or Thailand, then it's some other hugely overbought market that corrects sharply and in so doing, sets off a chain reaction that hits all other markets. In yesterday's case it was China,551 words
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COMPANY NEWS
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Article, Illustration501 2007-02-28 7 TEH HOOI LING - Group buys new cosmetics manufacturing facility in Zhuhai By TEH HOOI LING BEAUTY China yesterday announced a 23 per cent jump in its full-year net earnings to HK5134.7 million (5526.3 million) and at the same time said it is acquiring a new cosmetics manufacturing facility501 words
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437 2007-02-28 7 VEN SREENIVASAN - By VEN SREENIVASAN KINGSMEN Creatives more than doubled its full-year earnings for FY2006, thanks to the buoyant event and exhibition activity in Singapore and region wide. The communications design and production group posted a 125 per cent jump to $4.94 million in437 words
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Article397 2007-02-28 7 TAMARA MOHANAN KUPPUSAMY - By TAMARA MOHANAN KUPPUSAMY JET fuel supplier China Aviation Oil (CAO) appears to be bouncing back from its 2004 oil speculation debacle, posting full year profits of $369 million, which includes a $312 million debt waiver. The newly relisted company says it has been rebuilding397 words
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361 2007-02-28 8 DANIEL BUENAS - By DANIEL BUENAS HOTEL Properties Ltd (HPL) yesterday reported a more than 173 per cent increase in net profit to $99.5 million for its year ended Dec 31, 2006, boosted by a $55.7 million gain after adopting a new accounting standard. Without361 words
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308 2007-02-28 4 BENITA AW YEONG - By BENITA AW YEONG RUBBER producer GMG Global's net profit more than tripled to $43 million for the full year ended Dec 31, 2006. The profit attributable to shareholders, which compares with 2005's $11.8 million, came on the back of a 71 per308 words
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Article, Illustration418 2007-02-28 8 MICHELLE QUAH - False, misleading statements made in IPO, company accounts falsified By MICHELLE QUAH AUSTON International Group was yesterday fined $90,000 for misleading investors in 2003, and its former CEO Ken Yeo was jailed for 15 months for making false and misleading statements and falsifying418 words
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Article336 2007-02-28 8 UE profit jumps 54% to $35m ENGINEERING and construction group United Engineers (UE) said that net profit for the year ended Dec 31,2006, climbed 54 per cent to $34.8 million on the back of a 24 per cent rise in revenue to $614.1 million. The group declared a336 words
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Article290 2007-02-28 8 CHRISTINE SIM - By CHRISTINE SIM SINWA Ltd, a marine supply and logistics company, reported a 14.8 per cent rise in profit to $7.6 million for the full year of 2006, on the back of a 9.8 per cent revenue increase to $111.2 million. Earnings per share rose to290 words
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569 2007-02-28 8 SIOW LI SEN - By SIOW LI SEN BABCOCK Brown Structured Finance Fund (BBSFF) yesterday announced its 2006 results and confirmed that the 9 per cent dividend yield projection and its strategy of acquisition and divestment were on track. On the fund's tepid share performance since569 words
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Article245 2007-02-28 8 TOLL road operator China Merchants Holdings (Pacific) posted a 20 per cent increase in net profit to HK5229.2 million (5544.8 million) for the financial year ended Dec 31, 2006. The group attributed its better performance to increased vehicle ownership and the continued growth of the245 words
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Page 7 Advertisements
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Advertisement463 2007-02-28 7 Seize the opportunity to invest in selected leading Asian financial stocks today. This window of opportunity closes on 16 March 2007. Introducing DBS Asian Financials Fund (the "Fund"). For investors who want tactical 7~ and opportunistic exposure to the attractive Asian financial sector. As/a Series Managed by award-winning Stock Selection,463 words
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Advertisement18 2007-02-28 8 1 1 1 1 A NEW PLACE TO DISCUSS BUSINESS. I j Fl| I fl AND FLY BUSINESS.18 words
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Advertisement395 2007-02-28 9 I >/ j J M I#J k r i VA lk /I. V 1 Ihul \> iiiiiM 1 VHh\ .*^sBltear Ii&^^MfIHHHHF s i? 1 1 lilHk ■■ip# h'i "m,fP£- |^-.n'-v -'J'*- sffissli v iM#' fy§M.- vrm :£^^Mi— f >t\ i 4 djldw* «L, Hfe, ppWM,. V 3SHHI I 1 tR,395 words
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SINGAPORE NEWS
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Article, Illustration308 2007-02-28 10 PAMELA CHEW - By PAMELA CHEW SINGAPORE'S overall business receipts index (BRI) for services industries went up 4.4 per cent year-on-year in the fourth quarter of 2006. the Department of Statistics said yesterday. The BRI is a measure of the overall activity in the308 words
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629 2007-02-28 10 CHUANG PECK MING - YESTERDAY IN PARLIAMENT Some question whether move from direct to indirect taxes is too fast By CHUANG PECK MING THERE was no shortage of praise for the 2007 Budget yesterday when Parliament kicked off the marathon debate on the Budget but some629 words
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Article340 2007-02-28 10 6.5m population in Concept Plan not a target says Mah SINGAPORE is not shooting for any target when it comes to population number or population growth. But it does aim for a "viable and self-sustaining population profile one which helps us grow a bigger economic pie and a340 words
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231 2007-02-28 10 By WEE Ll-EN MAPLETREE Investments will develop logistics facilities worth $65 million in Malaysia aqd China which it intends to offer to Mapletree Logistics Trust, which it sponsors, the company said yesterday. When the facilities are completed and leased, they will be offered to231 words
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Advertisement631 2007-02-28 10 Cats Notices PT International Nickel Indonesia Tbk NOTICE Of EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS The Board of Directors of PT International Nickel Indonesia Tbk (hereinafter referred to as "the Company") hereby invites all shareholders to attend an Extraordinary General Meeting of Shareholders of the Company (the "Meeting") which will be631 words
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Advertisement496 2007-02-28 10 IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF VEITEX PTE LTD (Co. Reg. No.: *****08S6K) (Incorporated in Singopore) (In Members' Voluntary liquidation) At on Extraordinary General Mooting of the Members of VEITEX PTE LTD convened and hold at 45 Kallang Pudding Road •0401 Alpha496 words
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Advertisement1085 2007-02-28 10 Cats Notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) IN THE MATTER OF EVERETT MVBSTMENT PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****2404R HOTICC Of PWiAL MECTXfI NOTICE m HERESY OIVEN Vwt pursuant to Section 308 of Vie Companies Act, dip. 50, Vie Final Ms sin u1,085 words
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Advertisement203 2007-02-28 10 IN THE MATTE* Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER Of ENG LEE HANG PTE LTD CO. REG. NO. 196****** Z (In Members' Voluntary liquidolion) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cap. 50, that a Final203 words
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Page 11 Advertisements
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Advertisement566 2007-02-28 11 H Bj 1 B I i I H flB I I WHO WON THE LION'S SHARE OF I I I AWARDS FOR ASIAN FUNDS? I I H-fIBPGE-H PPER ■a I >Ci I [CTAI Uli SI M «U§lllt«» INVESTMENT WEEKLY I I B H B J^«4 11 IJ*j B 1 Lion566 words
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COMPANY NEWS
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379 2007-02-28 12 TETTYANA JASLI - TOURISM Govt seeks to attract one million medical travellers by 2012 By TETTYANA JASLI HEALTHCARE in Singapore, which has one of the highest number of recognised hospitals outside of the United States, is set to become more competitively priced as more foreign health379 words
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172 2007-02-28 12 A NEW airfare pricing system for travel agents was launched yesterday by Abacus International, which has spent $100 million developing it. Abacus says the system can halve the time taken in selling tickets. The new Smart Price software helps agents search for the best fares172 words
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Article, Illustration95 2007-02-28 12 GEOFFREY PEREIRA - By GEOFFREY PEREIRA MODELS posing Cove at the me$a tytpch of the Singapore <.... Fashion Festival from March M totfml 1 with main shows being held atNgeeAnn City's Civic Plaza. The event aims to bolster Singapore's standing as a fashion hub and is part of a tourismGEOFFREY PEREIRA - 95 words
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215 2007-02-28 12 VINCENT WEE - By VINCENT WEE THE tourism sector saw its best January on record this year with visitor arrivals hitting 825,000 last month, a 7.4 per cent increase year-on-year and room revenue up 44.1 per cent to $138.2 million both record highs for January, the Singapore215 words
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Article, Illustration160 2007-02-28 12 YEN MENG JIIN - By YEN MENG JIIN CECILIA Kwek (in red, far right), wife of Hong Leong Group executive chairman Kwek Leng Beng, gathered with volunteers from City City Sunshine Club to treat 60 residents of Henderson Senior Citizens' Home to a Chinese New Year lunch at TheYEN MENG JIIN - 160 words
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338 2007-02-28 12 ARTHUR SIM - 10,781 sq m area likely to draw hotel, office developers By ARTHUR SIM THE Urban Redevelopment Authority has launched a site at Belilios Road/Klang I Iprfja by publUMetidor. Dosignai^i^ta^L which has a plot ratio of 33 and permissible gross floor338 words
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Article224 2007-02-28 12 HDB launches flat sales by baHot UNDER the balloting exercise which started yesterday, the Housing and Development Board (HDB) has launched the sale of 82 two-room flats, 145 three-room flats, 530 four-room flats and 278 five-room flats 869 of the flats are surplus homes available from the Selective224 words
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Advertisement17 2007-02-28 12 Lianhe Zaobao Shenyang's I state-owned banks I face I MMMH fortttolt I from I foreign I ones17 words
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ECONOMY WATCH
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382 2007-02-28 13 Inflows from S'pore fell 88% in January 2007: Thai media By OUR CORRESPONDENT in Bangkok THAILAND'S Board of Investment yesterday said that it expects investments from Singapore to stay strong, after media reports of a slump in January. "We cannot judge the trend for this382 words
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524 2007-02-28 13 Reuters [BANGKOK] The factors that led to Asia's 1997-1998 economic crisis—inflated asset values, massive global liquidity and speculative pressure on Asian currencies—have re-emerged a decade on and could destabilise economies in East and South-east Asia again, a UN official said on Monday.Reuters - 524 words
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Article486 2007-02-28 13 It now expects 4-4.5%, down from a previous prediction of 4-5% Bloomberg [BANGKOK] Thailand's finance ministry has cut the top end of its 2007 economic growth forecast amid restrained spending and investment following bombings and currency controls. The economy may expand between 4 per cent andBloomberg - 486 words
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Page 13 Advertisements
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Advertisement507 2007-02-28 13 Achieve result with Lyxor ETF. From now on, you can trade Lyxor ETF Hong Kong (HSI) and Lyxor ETF MSCI Taiwan with live prices any second on the SGXI Control buy and sell Hong Kong and Taiwan market with live prices any second on the SGX Transparency tracks market performance:507 words
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MALAYSIA/INDONESIA
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BRIEFLY ASIA
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66 2007-02-28 14 Bloomberg [HONG KONG] Morgan Stanley said it sold a 2.8 per cent stake in a developer in a China to a Singapore government investment vehicle. Morgan Stanley's real estate unit will hold 5 per cent of Shimao Property Holdings Ltd after the sale toBloomberg - 66 words
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83 2007-02-28 14 Reuters [SHANGHAI] China's 1 securities brokerages are expected to earn over 65 billion yuan (S$ 12.8 billion) in trading commission this year on surging stock market turnover, more than double 2006 results, the Shanghai Securities News said yesterday. Expectations of i' soaring brokerageReuters - 83 words
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Article82 2007-02-28 14 Reuters [HONG KONG] RREEF, the world's biggest property fund, is stepping up its exposure to China, saying yesterday it was in talks to invest a combined US$lOO million in two residential projects. The real estate and infrastructure arm of Deutsche Bank is also looking at investmentReuters - 82 words
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78 2007-02-28 14 Reuters [BEIJING] Lenovo Group Ltd, the world's No 3 personal computer maker, has approved a preliminary plan to slash more than I,ooojobs to cut costs as price competition remains intense, a source close to the company said yesterday. The job cuts would fallReuters - 78 words
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Article, Illustration502 2007-02-28 14 LAUREL TEO - Central bank governor sees 300t rupiah in deposits by end 2007 By LAUREL TEO in Jakarta DEPOSITS in Bank Indonesia (BI) certificates could easily grow more than 25 per cent to 300 trillion rupiah (5550.7 billion) by the end of this year,BLOOMBERG - 502 words
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264 2007-02-28 14 Bloomberg [KUALA LUMPUR] Proton Holdings Bhd, the Malaysian car maker in talks to sell a stake to General Motors Corp (GM), reported a third straight quarterly loss as sales slumped to their lowest since at least 1999. The loss wasBloomberg - 264 words
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234 2007-02-28 14 AP [KUALA LUMPURI The window for Malaysia to ink a free trade agreement with the United States is closing fast. Washington's top diplomat to the country said yesterday, and another opportunity like this may not come again for awhile. Trade talksAP - 234 words
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Article457 2007-02-28 14 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur MALAYSIA'S state-owned Employees Provident Fund (EPF) is set to join the bidding war for financial services group RHB with a RM9 billion-plus (Ss4 billion) offer. RHB, whose 65 per cent listed subsidiary RHB Capital holds 70 per cent457 words
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Article2337 2007-02-28 14 VOL h>» rmm AiMReetty —.1.50 -012 50 fMclM.,, 036 -0.05 512 Jtepmdusal* .1* 4U W LfefcWoeSynar w 034 -0.07 W50 MwilalM -0 *9 141 ■hMuMHMgs *41 -0.04 SM7 AWnHoMngi 2M 4.13 9856 Ahmad24*t*»oc 2.58 -0.12 141 AkCorp But7 -0*0 «W AirariaBhd 1.70 -*06 ***** AknM»iign|Te 0J> **0 *142,337 words
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Advertisement15 2007-02-28 14 lia&saf t 1- X«\ '**4 i®§© Tune in to Radio 100.3 Your Choice Intotainment Station15 words
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Advertisement354 2007-02-28 14 IN THE MATTER OF THE COMPANIES ACT AND IN THE MATTER OF GREAT UNION INVESTMENTS PTE LTD (Co. Rag. No. *****3404R) (In Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Cap. 50. that tha final meeting of tha mambars of tha abovenemed354 words
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Advertisement158 2007-02-28 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEINO MERCHANTS SINGAPORE PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) CO. REG NO. *****1655E NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Member and Creditors158 words
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GREATER CHINA
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Article, Illustration325 2007-02-28 15 AFP [SHANGHAI] Chinese share prices tumbled 8.84 per cent yesterday for their biggest one day loss in 10 years, amid heavy institutional selling and concerns over the launch of index futures. dealers said. Jitters caused by an index that had hit anAFP - 325 words
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513 2007-02-28 15 It was attracted to Bounteous' large-scale, well-located sites Reuters [HONG KONG] Wal-Mart Stores Inc the world's biggest retailer struck a USsl billion deal to take over a Chinese rival by 2010, challenging Carrefour as the largest operator of super-centres in booming China. Bentonville, ArkansasbasedReuters - 513 words
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309 2007-02-28 15 Reuters [HONG KONG/LONDON] Asia's first property derivatives trade was unveiled yesterday a Hong Kong deal between Dutch bank ABN Amro and Sun Hung Kai Financial and brokers predict markets will also sprout in Singapore and Australia. Advertised as the easiest way toReuters - 309 words
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Advertisement20 2007-02-28 15 iiiiiiimwwwwwwww For enquiries and subscription, pleose coll 6775 9629 or email marketing@heritagemedia.com.sg. A hlritage A SUBSIDIARY OF SINGAPORE PRESS HOLDINGS20 words
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Advertisement199 2007-02-28 15 "Excellence Is about discipline, working hard, and doing everything with a good heart and mind tt "„"V .j to realize the plana one has. Feng Shul grand master Yap Cheng Hal haa been Inatructlng atudenta and clients In the thousand-year-old Chinese philosophy for 55 years. His experience has made him199 words
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India
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447 2007-02-28 16 Bloomberg Inflation at 2-year high as consumer demand outstrips production [NEW DELHI] India needs to step up supply of farm products and manufactured goods to "tame" inflation stoked by record economic growth, a finance ministry report said before today's budget statementBloomberg - 447 words
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Article, Illustration283 2007-02-28 16 Reuters [NEW DELHI] India's ruling Congress party was defeated in polls in the states of Punjab and Uttarakhand yesterday, in elections reflecting wider voter anger about inflation and economic reforms. Though the results are not expected to destabilise the national coalition, which theReuters - 283 words
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Article4764 2007-02-28 16 UNIT TRUSTS FUNDS AM Amro Mnt Mgt (ypora) 5ar Europe Emrl" 1-092/ SlaEiaspeBMd 1.186/ Siar Europe Bal 1351/ Sur Asian Tiger E qey 13* Star Asia Bond 1318/ Star Asia Balanod 1.121/ ScvStaMTedndOQfhndt" 021b MuMStFd 0J7W Sar Asia BondRJSQ 0362/ GbMidtiStUSD 1159/ Asa Bond MA *****/ Asia Bond MB S434/4,764 words
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Advertisement15 2007-02-28 16 AllianzGI RCM Global Twin-Focus Fund imm PR A Nici IN if inw °p I —i—l15 words
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MIDDLE EAST
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Article, Illustration545 2007-02-28 17 But they are still seeking negotiated solution to its nuclear plan Reuters [LONDON] World powers agreed on Monday to work on a new UN Security Council resolution to put pressure on Iran over its nuclear programme but remained committed toReuters - 545 words
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409 2007-02-28 17 CLARENCE MICHAEL - By CLARENCE MICHAEL in Dubai CITIGOLD Corporation Ltd, which controls Australia's richest goldfield located in north Queensland, announced that it will list its shares on the Dubai International' Financial Exchange (DIFX). This is the second gold miner to list shares on the409 words
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226 2007-02-28 17 Bloomberg [DUBAI] Aramex, the biggest courier service in the Middle East, may spend as much as USS2OO million on acquisitions as the company seeks to expand its network outside the Middle East, chief executive officer Fadi Ghandour said. "The coming twoBloomberg - 226 words
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Advertisement422 2007-02-28 17 I m E Merltu# Mandar,n Singapore I I www.singaporebrand.org I I N BmKI 9861 w i I A Different Kind Of Brand Conference I I The Singapore Brand Conference 2007 is not your typical COMPLIMENTARY I I brand conference as it features speakers with real experience and I -M- 0422 words
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ASIA-PACIFIC/WORLD
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559 2007-02-28 18 LATEST US DATA Bloomberg AP Reuters [WASHINGTON] Confidence among US consumers unexpectedly rose to the highest in more than five years this month, lifted by rising wages and an expanding job market The Conference Board's index increased to 112.5 from 110.2 the prior month,Bloomberg; AP; Reuters - 559 words
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Article, Illustration586 2007-02-28 18 But bank's shares fall as it forecasts heavy spending on growing businesses Reuters Bloomberg [LONDON] Asia-focused bank Standard Chartered reported a 19 per cent rise in profit on Tuesday. The bank also said it will continue to look at acquisition opportunities though its priority willReuters; Bloomberg; AP - 586 words
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402 2007-02-28 18 Reuters WifWi'v. v. [BANGKOK] Thailand's mil-itary-appointed government approved changes to the law governing the Bank of Thailand (BOT) yesterday, which analysts said could trigger more currency intervention and hasten the lifting of capital controls. The changes, which still need parliamentary approval, wouldReuters - 402 words
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414 2007-02-28 18 Reuters [NEW YORK] A survey of US chief executive officers found that boards of directors do not spend enough time and resources on philanthropy. The survey by a group founded by actor Paul Newman said that giving should be tiedReuters - 414 words
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Article, Illustration259 2007-02-28 18 [NEW YORK] NYSE Group hind Duncan Niederauer of Goldman Sachs Group Inc as president and co-chief operating officer and moved Gerald Putnam to vice-chairman. Mr Niederauer, a 22-year Goldman veteran, will begin at the owner of the world's largest stock exchange on AprilBLOOMBERG - 259 words
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Article230 2007-02-28 18 Reuters [LONDON] The British capital set out yesterday to become the greenest city in the world with a radical climate action plan to cut carbon emissions by 60 per cent within 20 years in the battle against global warming. The plan aims to slash carbon outputReuters - 230 words
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Page 18 Advertisements
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Advertisement25 2007-02-28 18 > 'ir The Morning Show with Petrina Joe j adio9lo I Radio 91.3 is managed by 2 SPH Unionworks, a subsidiary of ttiV Singapore Press Holdings25 words
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MOTORING
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Article, Illustration793 2007-02-28 19 SAMUEL EE - Petrol stations' price boards now post full discount By SAMUEL EE HIDDEN discounts at the pump have disappeared, thanks to a "bold move" by one of Singapore's four oil chains, and now what you see is what you get when you enter a petrol station.ARTHUR LEE - 793 words
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Article, Illustration627 2007-02-28 19 SAMUEL EE - Its VigilVanguard system collects data, video-records driver performance By SAMUEL EE COMFORT Driving Centre is using technology to grow its business internationally, and one expanding niche is a training programme for experienced drivers in industries such as petroleum and logistics. Called Vigil627 words
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Advertisement130 2007-02-28 19 Diners Club Card r.^«^r64i***** A World of Exclusive Privilege* Treato Diners Club tcwuxJinere.com.sg 'n*mationaT 1 1 V r 'V?? 7J\ K*?ih \C-% V y?? 'V? 7*' >- x j|vjs||s|M|||§^ .7.1 VH B|l_ ICf^lSI >{ 7 5 HSSEBEBSmmB Bacchus Boathouse Seasons Reasons i /sbsr\ ea^ooc International Market Rwtiurant Waterboat House #03-01130 words
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Advertisement33 2007-02-28 19 To Celebrate With A corporate gift, a company dinner or juft casual drinking, Le Vigne offers a large HHHh selection of wines ~Jj for each occasion. by 40 Holland Grove Rd. Tel: *****05333 words
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AVIATION
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213 2007-02-28 20 Reuters [SYDNEY] Australia's Qantas Airways Ltd said yesterday it has selected General Electric's GEnx engine for its fleet of up to 115 Boeing 787 aircraft. Qantas said it had made an initial order for 45 aircraft ship sets, valued at AS2 billionReuters - 213 words
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Article, Illustration808 2007-02-28 20 VEN SREENIVASAN - He may play role cracking the Australian market with first overseas base there By VEN SREENIVASAN [SINGAPORE] Tiger Airways has roped in a former senior executive of rival Jetstar Asia and is likely to use him to spearhead its new Australian venture. BT has808 words
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280 2007-02-28 20 Reuters when the pilot is grtting on in yews, a new study shows. Older ri»ow less decline in their aviation skills over time than their younger peers. In the US, pilots are required to retire at the age 1 of$G, and opponents of feis policyReuters - 280 words
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321 2007-02-28 20 AP AFP [PARIS] European Aeronautic Defence Space Co (EADS) said its board has unanimously approved a long-awaited restructuring plan for its commercial aircraft subsidiary Airbus. The plan is designed to offset the negative impact of the weak dollar, extra industrial costs incurred by theAP; AFP - 321 words
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217 2007-02-28 20 AP [NEW YORK] JetBlue cancelled 66 flights because of snow on Monday, testing the airline's pledge to compensate customers for more than 1,000 cancelled flights during the Valentine's Day storm two weeks earlier. However, the embattled carrier was not alone this timeAP - 217 words
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Article2208 2007-02-28 20 an WJMT «TA www ITI sg wjT7i mm ***** 1740 5Q269 2350 555gj L***** 0645 KlIN 2315 SO323 0C4S L***** 2345 m37 iQU* Auditano EK433 0110 SQ281 0850 UL2433 0130 LH9766 2100 5Q282 0630 NZ4385 2100 IH9767 201$ SQ28S 2100 NZ4366 2015 EIC432 210S Mj »1>2,208 words
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230 2007-02-28 20 AFP [BRUSSELS! The US is being "protectionist" over liberalisation of the transatlantic airline industry, EU Transport Commissioner Jacques Barrot warned ahead of talks in Brussels yesterday. European and American negotiators were to go into talks later yesterday in an attempt to move towards anAFP - 230 words
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Page 20 Miscellaneous
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Miscellaneous207 2007-02-28 20 CRYPTIC CROSSWORD 2 Go to bed, having lost direction in Italy (5) 16 The most popular songs Across: 1 Permissive, 6 Bold, 9 3 Doctor meant to go round a bo U t apartheid (3,6) Ring-finger, 10 Stow, 13 Plaited, 15 some accommodation (9) y-j s tarts t he game,207 words
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SHIPPING
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715 2007-02-28 21 DAVID HUGHES - STRAIT TALK By DAVID HUGHES READING news reports over the past few days has been particularly depressing for anybody interested in the safety and welfare of seafarl ers and passengers. It was bad enough to hear that another Indonesian ferry had suffered715 words
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Article, Illustration1064 2007-02-28 21 GEORGE JOSEPH - Aussie compulsory pilotage move 'contravenes UN conventions' By GEORGE JOSEPH [SINGAPORE] Singapore's well-known diplomat and expert on the law of the seas Tommy Koh has roundly criticised Australia for limiting free transit of vessels in the Torres Strait by imposing a system of compulsory pilotage.FILE PHOTO - 1,064 words
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260 2007-02-28 21 Reuters [OSLOI The world's biggest independent oil tanker group, Frontline, reported a drop in fourth-quarter operating profit yesterday, as expected by analysts, and said its market had remained weak so far in 2007. Operating profit fell to US$22O million in October-December fromReuters - 260 words
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559 2007-02-28 21 AFP [BRUSSELS] European lawmakers yesterday considered a raft of maritime safety measures aimed at keeping dangerous vessels away from EU coastlines, following a recent series of shipping accidents. Yet despite the stark need for new laws highlighted by the environmental catastrophesAFP - 559 words
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Article174 2007-02-28 21 CTOtWOr/—" «tt V9 OiutnHk**dp ~AK C£1 «J fS£S> IS 2S £i SS£SU v i S SS ffi GnrVlB**!-.. Oft KT** 1 jmhcmim v«j -ooi a* Ktvmbim—. 0» -00' SIM 0 10 77 *i ggjShi 1-* -0£U MS2 S3 JSJ ,-ss ss a MnMp 0T7 oca JJO lentofp mduW174 words
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Page 21 Advertisements
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Advertisement6 2007-02-28 21 New Regional LCL Hub in Singapore!6 words
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EDITORIAL & OPINION
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517 2007-02-28 22 EDITORIAL THE Annual Economic Survey (2006/07) for India, released yesterday by the Indian government tells a remarkably upbeat, though not unblemished, story which also contains hints as to what might be forthcoming in the country's budget, to be announced today. The Indian economy has517 words
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Article, Illustration977 2007-02-28 22 JOHN F WASIK - Asset totals for ETFs jumped fivefold to US$422 billion in the half-decade through end 2006 By JOHN F WASIK Bloomberg THE market for exchange traded funds (ETFs) looks suspiciously like the "let's take it public" days of the dot-com mania at theBloomberg; FILE PHOTO - 977 words
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Article, Illustration773 2007-02-28 22 FRANK CHING - THE BOTTOM LINE FRANK CHING WITH the approach of the Beijing Olympics, the Chinese government is making all kinds of preparations to host the Games and to welcome foreign visitors and athletes. It knows that the eyes of the world are increasingly turning773 words
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Article, Illustration1666 2007-02-28 23 STEPHEN ROACH - The engine of Europe is now very much on the mend with a newfound sense of vitality that is still missing in Japan By STEPHEN ROACH FORthe past 15 years, many a pessimist has had a field day with the so-called race to the bottom between theAP - 1,666 words
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771 2007-02-28 23 MATTHEW SALTMARSH - By MATTHEW SALTMARSH IHT a ■"P 1 AKE rest," the Roman I poet Ovid wrote about 20 5 centuries ago.''A field that has rested gives bountiful crop." Unfortunately, not enough of us employers or employees are heeding the advice, and theIHT - 771 words
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303 2007-02-28 23 LETTER TO THE EDITOR THIS refers to the article 'Petra in cocoa joint venture' (BT, Feb 24). On behalf of Petra Foods Ltd. I wish to clarify the following: In the second last paragraph of the article, Mr John Chuang was quoted as saying303 words
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Advertisement19 2007-02-28 23 Oflff AfIIHOPNI [|T1 nll iy PLUS: 9 StospßstttrTonight IRUMHEnough? f\ntk*\ I GrtßacklnShapa 910 Tilly Til Tim Mull I TumHarOnAnytiml19 words
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Article10010 2007-02-28 24 SGX MAINBOARD Transaction date: Feb 27 52-Wk Td UM Vol Day lart Quota Mr GrYW Not MCap HK» L-» Cod* Caeipaiiy Mo fOBBt Htflk low Buyer Sofcf Cw W1 $ni 35 1 5716 1« Software 2 susp *1 11 5 6 3148 STelecom 10 -1 2629 11 1010,010 words
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Article5433 2007-02-28 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la tool car taU mrtt &f ft dy y* %&f %yr hbM tnitw OMng> Pang* Ch*nq» Ourty Ow>g« Ch«og» ***** OJ 4.1 0.0 33 03 4.0 tlAftftdHH—» 1169.0 03 S5 02 4.7 05 5.2 bJUJt ***** 04 4.5 IU 0.5 44 ftdfc *****5,433 words
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Advertisement53 2007-02-28 25 Phillip Futures' 24-hour H Energy Commodity Desk I Hokiiiur provides you with advice on hedging techniques, superior client service M IHHPnH!^)v&piWl and timely order m y P«rtn»r In f*lnance For more details, visit www.phlllipfutures.com.sg or call us at 6531 1509. J Brought to you by PhHßp Futures Re Ltd (A53 words
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Advertisement889 2007-02-28 26 UK CONTINENT SERVICE U.SJk SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TIB/NAN STX POTBN CAM/NFK/NOi/SAV YORDAN LUTIBRODSK RDM/ATW/BMN ALB/NAN load* Singapore. E./W. Malaysia, Indonesia load, E ./w. Moloyia, Indoo-ia MIPDtI-»A«T SgWgl REAL*. SERVICE Destination PAN VOYAGER JDH/DMT/BJA Destination DO MASTER DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT loads Singapore, E./W. Malaysia,889 words
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Advertisement1234 2007-02-28 26 IMTMAHA ROR© SMVKE vb«/vot m km m g «r STUITSEXKESSS 30 4 01/03 11/03 13/03 STUfIS£XTOS4 30 1 .4 22/03 25/03 27/03 IsmtTSaitßSt I 30 I 4 I 22/03 25/03 27/03 [AUSTRALIAN RO»Q SERVICE 1 VBSM/VOT lIMWDI HBBHWPI KB SW W STB m API Ml JKT I SW I LP1,234 words
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Advertisement1375 2007-02-28 27 WAN HAIMTERNATIONAL Pit LID a NOe 14MS9M000/I VtrA iifiu TH:*****511 (14UNES) FAX:*****163 W\WAN HAI LINES sssa&SESSiSSb JON IlUk MPSttWIMMMHWMTJItt: Ml) WITH/JWJOJ www waakai ran ta JKT*:«I)S2S4IOIHutMI)SIWMWOM7I43M/71UI1 KLT\Un www.wn.wmn MM:»W)«W»MfcMI)«»Mg/<raWO IMI HM 231 MM 27*2 T%M 03/03 HMD WW o**l 11*3 IX3 ivs 15*1 ?W| MM KM 213 UN Bfl Ml1,375 words
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Advertisement1167 2007-02-28 27 Ingt\ EASTERN CAR LINER, LTD a 1 »—nm uhtMom Iswl ml pnn jct swl 10 n*Mint«n» UZ 122 1242 liffl mtm u a b iil z__ MQtUONAQ 35 30 U/TO 12/J3 17/03 m !I l l :1:I 1 ±±3 VOY fta*flTO UhtajflCT) SMGAPORf Ql CTS YOU MO IBW I !81,167 words
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Advertisement678 2007-02-28 27 WEEKLY EXPRESS SAILING BCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN KD POINTS «sa wr si rum count ushba I coumw JHHBt HI an tin hh» aw nit MB vm am gjg nmi mwwii mm ot m m ioim hm hiim COMKIMG MOTHB VSU 10 UOR POIXSTOWI tOTTBOA* HANM& lAKHONA.678 words
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THE BUSINESS TIMES SHIPPING TIMES
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6036 2007-02-28 28 ETA ETA Molliii Vessel Voyage Tdapheae SM OmtK HUM Name Nuafeer Niiabir To ABIDJAN (ABJ) 2003 Cot* Dtvoire 07/03 17/04 Detmas DELMAS CAMEROUN 712W *****344 18/03 2004 Ddius URSULA DtLMAS 713W *****344 18/03 21/04 Mmas URSULA DELMAS 713W *****344 22/03 26/04 Mmas CMA CGM6,036 words
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Advertisement482 2007-02-28 28 I VISSiL I VOY HQ I«N I KAfcACHI I DX» lAI I PMM UK KH6a KAN KAAAAfI KL tIM 09/03 10/03 19/03 22/03 23/03 29/03 31/03 02/04 MAN SATTARI KL 1190 15/03 14/03 23/03 26/03 27/03 02/04 04/04 06/04 WAN TAIATAAAII Kl >191 20/03 21/03 30/03 02/04 03/04 09/04 11/04482 words
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Advertisement291 2007-02-28 28 "Krt flrawr ——870 Hfo -flFfben P& ffira Bfa M ~BBff-=H==ii= M fi fi mwwi ww; nm 24/11 WBBB 3ft H/fl Ti/H ~j E'"'S±fcs SMAINNIANG m T 11/ M I H/li 1 hKMAKMVtf I Willi 154/11 1 10/03 I 14/01 I IS/03 I Vissa VOY SM PASS BEB I MC JAYA291 words
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Advertisement275 2007-02-28 28 fm GLORY MVKATMM GflOUpl I Mia itTi) I OWNS A OPERATES THE YOUNGEST FLEET TWELVE 7,000 DWT TWEEN DECKERS COVHdNO I THE ENTIRE ASIA PACVIC PORTS I RtOULAJt WfCKLY SRVKCSi IKAOHSIUNO A CHINESE PORTS, MONO KONG TO A FROM I SOUTHEAST ASIA J SMGAPOU MAP WOON SIVPM (S) Pll 09275 words
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EXECUTIVE MONEY
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Article, Illustration590 2007-02-28 30 GENEVIEVE CUA - Invesco's chief economist John Greenwood tells GENEVIEVE CUA why he thinks investors should stick with equities and commercial real estate GENEVIEVE CUA THE start of the year saw a wide divergence in views on where economies and markets might be headed, but Invesco AssetSource: Bloomberg, as at Dec 12, 2006 - 590 words
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Article, Illustration1421 2007-02-28 31 Fee-hungry institutions are offering hedge-fund lookalikes to retail investors on the trail of sophisticated strategies, but do investors know what they're in for? J UST when mutual funds are about to peddle the closest thing to hedge funds to individuals, the returns of theseREUTERS - 1,421 words
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Article, Illustration895 2007-02-28 32 PII BOON JIN - TAX ALERT PII BOON JIN ON Feb 15, Second Finance Minister Tharman Shanmugaratnam handed outhongbaosto both corporate Singapore and the man on the street. We like to think of this year's Budget as a "springboard Budget"—a blueprint that sets the tone to propel895 words
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Article, Illustration1277 2007-02-28 32 So-called frontier markets like Vietnam, Ukraine chalk up impressive gains Bloomberg [LONDON/NEW YORK] The smallest emerging markets are elbowing aside Brazil, Russia, India and China to become the world's best performers. An index of 22 so-called frontier countries rose 12 perBloomberg; BLOOMBERG - 1,277 words
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Advertisement149 2007-02-28 30 I going places Choose a world leader for a professional FX trading service. We offer tight spreads on (65) *****118 I all major FX pairs and a huge range of exotics, plus CFDs on shares, indices and more. I Spreads from 2 pips on leading currency pairs Local office, local149 words
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Advertisement364 2007-02-28 31 rj AN AUSPICIOOf PfjpiL pf FUJ^I^ II Wmk core and strategic funds to enhiice of jjtart your investment portfolio. With our choice of funds offering IH| combination ■«t '?•:<&.«!:.<■»: ii m liuiL a jplftlY y* H'V^klLT I i S this time of the year, the time to look again at364 words
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Advertisement8 2007-02-28 32 i a '"i f t > r'' i:%■■■«)•.' -J8 words
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