The Business Times, 9 November 2005

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Total Pages: 32
1 32 The Business Times
  • 14 1 THE BUSINESS TIMES SINGAPORE SSxentfr MICA (P) 089/03/2005 online at http://business-times.asial.com.sg Wednesday, November 9,2005
    14 words
  • 639 1  -  BT exclusive It's the first outside Europe for parent of Airbus maker By GEORGE JOSEPH [SINGAPORE] European aerospace and defence giant EADS the parent company of aircraft maker Airbus has chosen Singapore for its first research and technology centre outside Europe. The
    ARTHUR LEE  -  639 words
  • 689 1  -  Deal price said to be slightly over $700m By KALPANA RASHIWALA [SINGAPORE] DBS Group is wrapping up negotiations to sell its namesake headquarters in Shenton Way, sources say. The price is understood to be slightly over $700 million and the buyer could
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  • Page 1 Advertisements
    • 73 1 8 CORPORATE GOVERNANCE Be candid, transparent: SGXchief PG4 v., mHpMM YEN MENG JIIN DRINKING TO GOOD TIMES The mood was upbeat at the anniversary dinner of the Real Estate Developers 'Association last evening when National Development Minister Mah Bow Tan (left) said that the property market looked set for a
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    • 38 1 CURRENCIES Euro hits 2-year low against dollar PGI7 EXEC MONEY Are fixed-loan rates the best deal for home-owners? PG32 HKis scrapping its estate duty. Should S'pore do the same? PG32 (111 8 *****1 *****4 Markets Digest Pfl 2
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    • 132 1 m. JELCOS Sin£M boosts jfl J&3S| v >7 IN THE HEART OF THE HOME ■■■■MnM WE BAKE A WARMING THE BONDS BIND B^VKWKBB PRECIOUS MOMENTS LASTING A LIFETIME gkJgSHBHBSHi HERE AT THE HEARTH OF MEMORIES robin IiHBHHHIIHH THR 3 E THR E 3 ROBIN FOR MORE INFORMATION, FLEASE CAU *43
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    • 7 1 MOTORING BMW talks sales strategy PG 29
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  • TOP STORIES
    • 684 2  -  Reserve list system has worked well, he says By ARTHUR S!M (SINGAPORE] The government will be launching more development sites through the Government Land Sales Programme (GLS), including more sites for hotel and residential developments. For the last four years, sites on
      YEN MENG JIIN  -  684 words
    • 141 2 sn 2.271.99 (+14.91) ST INDEX FUTURES 2,271.00 (+15.00) siMsa ***** (+1.85) SIMSa FUTURES 267.80 (+1.80) MARKETS Tuesday Change KLSECOMP 909.10 -2.43 NIKKEI 225 1 4,036.73 -24.87 HANG SENG 14,403.20 +37.41 SET INDEX 695.60 -5.15 JAKARTA COMP 1,064.95 -1.27 MANILA COMP 2.046.93 +16.88 SEOUL COMP 1,226.71 +8.24 SHENZHEN B
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    • 594 2  -  Temasek says it's still in discussions to take a stake By WONG WEI KONG (SINGAPORKI Singapore investment company Temasek Holdings has long been seen as the front-runner to take a stake in China Aviation Oil (Singapore). But the emergence of
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    • 634 2 Good investor relations leads to better company FOSTERING good investor relations may not always boost a company's share price, but will still lead to a better company, said Singapore Exchange chief executive Hsieh Fu Hua yesterday. He said that the SGX does not have a definite answer as
      634 words
    • 490 4  -  This will ultimately be reflected in higher share price, says SGX chief By CONRAD TAN [SINGAPORE] Fostering good investor relations may not always boost a company's share price, but will still lead to a better company, Singapore Exchange (SGX) chief executive Hsieh Fu
      490 words
    • 623 4  -  He seeks review of Japan-S'pore economic pact By ANTHONY ROWLEY in Tokyo JAPAN must consider how to "move forward in its relations with China", Singapore's Senior Minister Goh Chok Tong said in Tokyo yesterday, after describing tension between the two countries as
      AFP  -  623 words
    • 514 4  -  By RONNIE LIM [SINGAPORE] First it was India, and recently East Timor. And now the West Africans are coming here. Singapore is increasingly appearing on the radar screens of oil and gas producers who want to attract exploration and production (E&P) companies. Angola's national
      514 words
    • 442 4  -  Advanced handset penetration, 3G and GSM adoption main reasons By ALEXANDRA HO [SINGAPORE] While the integrated resorts may not open until at least 2009, another means of gambling is developing faster a flutter on a mobile phone. Research shows that mobile gambling is
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  • COMPANY NEWS
    • 522 6  -  Bharti, Telkomsel expected to be the only bright spots in group's H1 results By ANGELA TAN MOBILE phone users in India and Indonesia have helped Singapore Telecom to increase the number of subscribers to above 74 million, the company said yesterday.
      FILE PHOTO  -  522 words
    • 281 6  -  By NANDE KHIN IN the first-ever tie up between two Singapore Exchange-listed water treatment companies, Asia Environment Holdings and Dayen Environmental are collaborating on a 82 million yuan (Ssl7 million) build-operate-transfer water supply project in Pizhou City in China's Jiangsu province. Mainboard-listed
      281 words
    • 283 6  -  Court slates next pre-trial conference for Dec 6 By WONG WEI KONG THE corruption case over government-linked IT company Crimson Logic, in which charges have been brought against its chief executive, senior managers and former legal counsel, is moving closer to a trial.
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    • 916 6  -  HOCK LOCK SIEW By MICHELLE QUAH ALMOST half of all fraud cases worldwide are uncovered by tip-offs. Given this staggering rate of success, why is it Singapore companies don't make a greater effort to set up whistle-blowing regimes, especially when the incidence
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    • 499 9  -  IPO WATCH S$14m raised from its mainboard IPO to be used for the purpose By RONNIE LIM OILFIELD operator Sky China Petroleum Services aims to invest the Ssl4 million raised from its mainboard IPO here in three new fields, company officials
      LIM WUI LIANG/ST  -  499 words
    • COMPANY BRIEFS
      • 39 9 GLOBAL Active yesterday announced the appointment of Thomas Yeoh to its audit committee from Nov 4. The company's new audit committee comprises independent directors Khor Peng Soon (chairman), Ong Kian Min and Mr Yeoh.
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      • 27 9 TELEDATA (Singapore) says thatTandip Singh Wasan resigned as an alternate director to Ong Tai Tiong Desmond with effect from Sept 27.
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      • 41 9 SESDAQ-listed Giken Sakata has raised its stake in China subsidiary Changzhou Giken Precision Co from 89 per cent to 95 per cent. It is buying the additional 6 per cent stake from Itochu Hong Kong for U*****,301.
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    • 262 9  -  By LEE KIM SIANG MAINBOARD-LISTED Hongguo International is stepping into the Chinese men's shoe market with the announcement of a joint venture with Italian shoemaker 3A Antonini. The joint venture company will have a paid-up capital of 600,000 euros (Ssl.2 million) with Hongguo
      FILE PHOTO  -  262 words
    • 371 11  - UOB Kay Hian net soars 81 CORPORATE RESULTS Higher commission income pushes broker's Q3 profit up to $24.8m By LESLIE YEE BOOSTED by an increase in commission income from higher market turnover in Singapore and Hong Kong, stockbroking firm UOB Kay Hian Holdings (UOBKH) yesterday reported an 81 per cent
      371 words
    • 227 11 BRAND management company Beauty China has reported a 31.2 per cent jump in net profits to HK534.3 million (557.5 million) on the back of HK$ 104.1 million turnover for the third quarter ended Sept 30. For the first nine months of this year, the company
      227 words
    • OTHER RESULTS
      • 55 11 HUP Seng Huat yesterday posted first quarter net profit of $3.44 million, down from restated net earnings of $5.5 million in the same period last year. Revenue rose 28 per cent to $44.5 million. The company is proposing to reward shareholders with a
        55 words
      • 47 11 FJ BENJAMIN Holdings posted a first quarter net profit of $1.3 million, up from a $111.000 net profit in the corresponding period a year ago. Turnover for the quarter ended Sept 30 rose by 31 per cent to $45.9 million.
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      • 45 11 GP BATTERIES' second quarter net profit slipped 46 per cent to $3.9 million. Revenue rose 7.3 per cent to $236.8 million, but higher cost of sales, finance costs and exceptional loss items all hindered the bottom line.
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      • 34 11 PEOPLE'S Food Holdings posted a 21.9 per cent increase in third quarter net profit to 178.1 million yuan. Revenue was up 6.9 per cent to 2 billion yuan.
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      • 75 11 MA1NBOARD-L1STED Super Coffeemix Manufacturing yesterday announced a 10 per cent rise in net profit for the third quarter to September. Net profit rose to $5.3 million from $4.8 million a year ago. Group revenue grew 21 per cent to $50.9 million from
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      • 92 11 LUXURY watch specialist Sincere Watch yesterday reported a 32 per cent rise in net profit to $9.3 million for its first half ended Sept 30. This came despite a 5.4 per cent fall in revenue to $140.4 million. The lower revenue was mainly
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      • 89 11 MA1NBOARD-LISTED FerroChina has posted a 66 per cent increase in third quarter profit to 40.6 million yuan for the third quarter to September. Revenue rose nearly 81.2 per cent to reach 596.5 million yuan. FerroChina, which'makes heavy gauge galvanised steel coils, attributed the
        89 words
      • 70 11 HONG Kong-based Anweil Technologies reported net profits down 57 per cent at HK$5.4 million for the third quarter, ending in September. Revenue was up 15 per cent at HK$44 million. The mainboard-listed optical disc production equipment manufacturer attributed the fall in profits to
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      • 80 11 CHINA-BASED waste and wastewater treatment specialist Bio-treat recorded a 29 per cent jump in net profit to 67.4 million yuan for its first quarter ended Sept 30. Revenue surged 35 per cent from 207.5 million yuan to 279.2 million yuan. Earnings per share
        80 words
      • 90 11 SPECIALTY pharmaceutical group AsiaPharm posted a 48.9 per cent jump in third quarter net profit to 20 million yuan, on a 22.6 per cent growth in revenue to 84.7 million yuan. The rise in sales was largely due to three key products Lutingnuo,
        90 words
      • 79 11 HOTEL and restaurant operator Overseas Union Enterprise increased net profits to $14.5 million for the third quarter ended Sept 30, or 10.4 per cent greater than the $13.2 million earned in the corresponding period last year, based on restated 2004 results. Positive
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      • 85 11 A NEWCOMER to the Singapore mainboard, Courage Marine Group, posted a 49 per cent drop in net profit to US$2.6 million for the third quarter ending Sept 30 compared with last year. Turnover for the period fell 32 per cent to US$7.6 million on
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    • 264 11 PROFIT for the company which owns The Four Seasons and Hilton Hotel in Singapore rose 12.5 per cent to $9.3 million in the third quarter, it was announced yesterday. Hotel Properties Ltd's (HPL's) revenue was hardly changed at $83.3 million. The mainboard-listed
      264 words
  • Page 6 Advertisements
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    • 24 6 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email noticest*ph.com.sg.
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  • Page 7 Advertisements
    • 146 7 fill. Bib n^v i i, 111 j -41^^,' Jf^Mk .'P'^-^^^sjmgSS!9KgWg c '"g',ftyg' |81§0&. 1 f 1 s9H^^^HA]^^^^HlH£» k j» 1 w-ilni^Hm --^A.^..- t -.ft.. -t..3. imi n i A few words about the people behind the first E-passport system in Asia Pacific. The first E-passport system in Asia Pacific under
      146 words

  • SINGAPORE MARKETS
    • 859 8  -  CURRENCIES First upside targets of 120.60-80 yen and a US$1.15 euro beckon LARRY WEE Senior Correspondent WHILE US dollar gains have been impressive over the past chart breakouts on the topside portend further advances ahead and some of them pretty impressive too. Over
      859 words
    • TRADES TO WATCH
      • 387 8 UNITED Overseas Land has raised its direct interest in its hotel unit Hotel Plaza by 0.1 percentage point, from 77.03 per cent to 77.13 per cent, after it bought 389,000 Hotel Plaza shares on the open market at $1 each yesterday. Following
        387 words
      • 152 8 SEVERAL directors of Raffles Holdings recently exercised share options/convertibles. Liew Mun Leong has now taken a direct stake of 67,000 shares in Raffles Holdings, equivalent to a 0.003 per cent holding. His deemed interest in Raffles remains unchanged at 291,900 shares or 0.014 per
        152 words
    • Article, Illustration
      430 8 OTHER SINGAPORE INDICES Nov 8 VALUE CLOSE BT OB/OS 39.00 -8.00 BT CADI -*****.00 +40.00 BT 10-day MA -*****.00 +4.00 All-SG Equities 582.24 +3.56 SG Equities Elect 122.74 -0.60 SG Equities Fin 1658.88 +16.98 SG Equities Prop 712.19 +0.31 SIMSCI 268.59 +1.85 SiMSCI Futures 267.80 +1.80 MOST ACTIVE STOCKS VOLUME
      430 words
    • 271 8  -  Compiled by UMA SHANKARI Raffles Medical Nov 8 dose: 550.585 CIMB-GK RESEARCH. Nov 8 GROUP revenue improved by 15 per cent y-o-y to Ss3o million in 3Q05, lifting 9M05 net profit by 26 per cent y-o-y to SsB million. The company is on track to achieve our full-year
      271 words
    • 402 8  -  STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index, which dropped nine points on Monday, bounced up 14.91 yesterday to 2,271.99 in a session where a fairly well-established pattern made its presence felt. The banks, Singapore Telecom and Jardine group provided the main support for the
      402 words
    • 239 8  - 2,325 mid-term level to watch CHART POINT By YEO KEE YAN chartist at Kelive Research THE 200-day moving average support held around the 2,200-level as we had predicted. More importantly, the benchmark Straits Times Index staged a 90-point technical rebound from 2,190 to 2,280 despite the shorter trading week with
      239 words

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  • Page 10 Advertisements
    • 29 10 Organised by: Supported by: Partners: Sponsored by: THE BUSINESS TIMES H j® fiUK SID I Dewe Rogerson tJBS %S3SHB MHWMVtMMM VM.viwimiiivimiihihkv I MAGF J—^ TJonnJ#! fcSJS.'."'"""' 1 r-■ 1
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  • Page 11 Advertisements
    • 109 11 Q ||HI Get a FREE companion ticket on COLOUR YOUR SKV Gulf Air when you charge with MasterCard SINGAPORE TO London Dubai Paris Frankfurt First Class SGD 9,080 SGD 5,450 SGD 7,380 SGD 7,380 Business Class SGD 5,680 SGD 3,970 SGD 4,540 SGD 4,540 Offer valid for sale and departure
      109 words

  • SINGAPORE NEWS
    • 307 12  -  By LESLIE YEE IT'S not just money that motivates Singaporeans, or so employers in the financial services sector have told researchers for the 2005 Asia Human Capital Effectiveness Survey conducted by Pricewaterhouse Coopers (PwC). Although holding on to good people was been identified
      307 words
    • 408 12  -  Team to study employment strategies for ageing workforce By MATTHEW PHAN SINGAPORE will be sending a delegation to Japan this month to study the Japanese government's strategies to expand job opportunities for older workers, NTUC secretary-general Lim Boon Heng said yesterday.
      408 words
    • 459 12  -  By LESLIE YEE AGAINST the backdrop of rising interest rates, Citibank has increased the rate for the latest tranche of its Unfixed Deposit by 48 basis points just under half a percentage point. In a challenge to its competitors in the fight
      459 words
    • 309 12  -  By OH BOON PING ECONOMIC integration is the best way for Asean to deal with competitive pressure from India and China, says former Hong Kong governor Chris Patten. "It fosters economies of scale, enlarges a region's economic size and also helps generate a certain
      CHRIS LOH  -  309 words
    • 411 12  - CyGenics buys 51 stake in Aussie cord blood bank By CHEN HUIFEN CELL therapy firm CyGenics has acquired a controlling stake in Australian cord blood bank Bio Cell. CyGenics, which operates Singapore's Cord Life cord blood bank and has a similar facility in Hong Kong, is paying A 5530,000 (*****1,430)
      411 words
    • NEWS ROUNDUP
      • 87 12 A WORKPl ACE Safety and Health Advisory Committee has been formed to help industry efforts to raise occupational safety and health standards in Singapore, the Ministry of Manpower said yesterday. To be chaired by Shell Companies in Singapore chairman Lee Tzu Yang, the committee includes
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      • 59 12 THE international advisory panel to DesignSlngapore Council is to hold its first meeting from tomorrow until Monday. The panel, which consists of the media, architects and industrial design gurus, will review and advise on Singapore's future directions for design development. Panel members include Richard Seymour.
        59 words
    • 189 12 TWO law firms one specialising in construction law and the other in commercial law are to merge, to ride on an expected pick-up in the construction industry. The three directors of ChanTan LCC, a specialist construction law practice with a 20-year history,
      189 words
  • Page 12 Advertisements
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  • ECONOMY WATCH
    • 745 13 Analysts say landlords' doubling of retail rents from a year ago is fuelling 'bad' inflation and threatening growth Bloomberg NOEL Smyth, who ran an Irish theme bar in Hong Kong's SoHo district, anticipated a hefty rent increase when the Dublin Jack's lease expired last
      Bloomberg  -  745 words
    • 651 13 Logjam jeopardises accord at upcoming HK conference AFP [LONDON] India and Brazil warned on Monday that the success of struggling global trade talks hinges on rich nations taking account of the poor, as the European Union (EU) called for more concessions from
      AFP; REUTERS  -  651 words
  • Page 13 Advertisements

  • MALAYSIA/INDONESIA
    • 474 14 Reuters. AP [KUALA LUMPUR] Malaysia is carrying out more tests for bird flu after a second flock of pigeons was found dead in the northern state of Kedah, a newspaper said yesterday. "The deaths of more than 11 wild pigeons in Sungai Petani
      Reuters.; AP; AFP  -  474 words
    • 484 14 There is a rise in business risks that banks are facing, Bank Indonesia says in its report. [JAKARTA] The recent rise in inflation and interest rates in Indonesia have caused an increase of bad loans which are eating away at local banks'
      484 words
    • 656 14  -  Defensive strategy includes share buyback and selling of Killinghall stake By S JAYASANKARAN in Kuala Lumpur A TWO-WEEK standoff between CIMB-BCB, Malaysia's second largest banking group, and takeover target Southern Bank, or SBB, has given its chief. Tan Teong Hean, more time
      656 words
    • BRIEFLY ASIA
      • 74 14 Bloomberg [BEIJING] China Southern Power Grid Co, the smaller of the nation's two state power distributors, agreed to sell as much as US$5O million a year of electricity to Vietnam during the next decade to meet demand and increase sales. Southern Power agreed to
        Bloomberg  -  74 words
      • 66 14 Reuters [KUALA LUMPUR] Malaysia's Affin Bank Bhd has been mandated as lead arranger for Boustead Holdings' issue of RM742 million (*****.2 million) of Islamic asset-backed securities, supported by its plantations. The ABS comprised RM442 million of Sukuk Al-ljarah, or Islamic bonds, issued to investors
        Reuters  -  66 words
      • 78 14 AP [BEIJING] A Chinese official who approved stock market offerings went on trial for bribery yesterday. Wang Xiaoshi, who was an assistant researcher at the China Securities Regulatory Commission, is accused of helping a textile company launch an initial public offering in exchange
        AP  -  78 words
      • 54 14 Reuters ISINGAPORE] Britain's International Power and Malaysia's Sime Darby Bhd have dropped out of the bidding process for National Power Supply Co Ltd, a Thai power producer. The withdrawal has left Japanese trading house Marubeni Corp as the most likely bidder for the Thai
        Reuters  -  54 words
      • 36 14 AP [BANGALORE] Indian pharmaceutical firm Dr Reddy's Laboratories Ltd yesterday said it had agreed to acquire Swiss drugmaker F Hoffmann-La Roche Ltd's bulk drug factory in Mexico for US$59 million.—AP
        AP  -  36 words
    • 263 14 Reuters [KUALA LUMPUR] Malaysian shipbuilder PSC Industries Bhd said yesterday it had asked creditor Alliance Bank Malaysia Bhd for more time to repay a debt of more than RM34 million (S$ 15.3 million owed by troubled subsidiary PSC Naval-Dockyard Sdn Bhd. On Oct
      Reuters  -  263 words
    • 2391 14 vol General Corp .0.40 -0.01 118 M—• 1 W- C888I Genting 31.40 -0.10 602 George Kent .0.59 -0.01 3 ASM Realty 1.58 unch 1 GHL Systems 0.11 -0.01 182 A*** 029 001 24 Globetronics Tech 0-28 -0.02 2147 ACP Industries 063 unch 105 Glomac Bhd 131 0.01 3
      2,391 words

  • GREATER CHINA/INDIA
    • 131 15 Reuters [MUMBAI] India's top software services company, Tata Consultancy Services Ltd (TCS), has acquired Chile's Comicrom for US$23 million as it sharpens its focus on business process outsourcing. Privately held Comicrom, with 1,257 employees, provides services mainly to banks, insurance companies, pension funds, and
      Reuters  -  131 words
    • 186 15 SVA,city govt to build US$6b industrial park Bloomberg [SHANGHAI] Shanghai SVA Group, the Chinese partner of NEC Corp, plans to invest US$6 billion with the city government to build a flatpanel industrial park, challenging South Korean and Taiwan makers for a bigger share of the
      Bloomberg  -  186 words
    • 453 15 892 bank staff punished for fraud and other crimes in first 9 months Bloomberg [SHANGHAI] China's commercial banks uncovered 892 fraud cases in the first nine months of the year a third more than in the same period of 2004,
      Bloomberg  -  453 words
    • 489 15 Deal takes effect on Jan 1 and covers 34 clothing and textile categories AP [LONDON] The United States and China signed a deal to resolve a trade dispute over imports of Chinese clothing and textile products into the US, American and Chinese officials said
      AP  -  489 words
    • 282 15 Economic Times [MUMBAI] Remember the incriminating email correspondence among the top brass of Enron that finally did them in? In future, it could be Indian law firms assisting US plaintiffs to trawl electronic databases for evidence. US law firms are looking
      Economic Times  -  282 words
  • Page 15 Advertisements
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  • Page 16 Advertisements
    • 3321 16 HL Bank (A limited liability company incorporated in Malaysia) The Group The Bank Commitments contingencies o 2004 Q 2004 ,n ,he normal course of txjs<ness. the Group makes commitments and incurs certain contingent RM 000 RM 000 RM'OOO RM 000 liabilities with legal recourse to its customers No material losses
      3,321 words

  • ASIA-PACIFIC/WORLD
    • 388 17 Analysts say fears over spread of French riots, ECB rate hike to blame Bloomberg, AP AP [FRANKFURT] The euro dropped to a two-year low against the dollar on concern French riots will spread to other parts of Europe. The single currency fell against 15
      Bloomberg, AP; AP  -  388 words
    • 579 17  -  Round-the-World Yacht Race. Lea 2, Race 3, Day 14 From Vincent Wee From Vincent Wee onboard Uniquely Singapore In the South Atlantic "It's blowing thirty knots." Does that phrase sound familiar? For all the Singapore Clipper crew who have watched the Clipper promotional video being played over and
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    • WORLD WATCH
      • 53 17 Reuters [LONDON] Hedge funds want a nil-premium merger between European bourse operator Euronext and rival Deutsche Roerse because it would create the best value for investors, hedge fund sources said. It would allow cost-savings to be shared equally between the shareholders of the two companies,
        Reuters  -  53 words
      • 61 17 Bloomberg [NEW YORK] Qualcomm, which makes chips for mobile-telephones, sued Nokia for patent infringement, escalating a battle between the companies over the rights to wireless technology. The suit, filed in San Diego federal court last week, claims Nokia's US phone sales in the past two years violated
        Bloomberg  -  61 words
      • 77 17 Bloomberg [TOKYO] Tokyo Rroadcasting System Inc, Japan's third-biggest television company, should rule out a merger with Rakuten Inc, said Ken Moroi, an independent director of the broadcaster in charge of assessing the offer. He alleged that Rakuten, Japan's biggest online shopping mall, may intervene on
        Bloomberg  -  77 words
      • 36 17 AFP [SAN FRANCISCO] Digital video recording pioneer TiVo has teamed up with Yahoo to enable customers to record television shows via the US Internet search giant's website, officials said on Monday. —AFP
        AFP  -  36 words
      • 77 17 Reuters [MANILA] Philippine Long Distance Telephone Co (PLDT) posted a milder-than-expected drop in quarterly profit after a one-time tax gain a year ago, putting it on pace to meet forecasts of a full-year rise. Analysts said the results were not worrisome and meant it
        Reuters  -  77 words
    • 394 17 Guidant sues to force Johnson Johnson purchase NYT [NEW YORK] Guidant Corp filed a federal lawsuit on Monday to force Johnson Johnson to complete its U5525.4 billion acquisition of the company. Johnson Johnson contends that the deal is now void because of Guidant's financial and legal problems. The merger agreement,
      NYT  -  394 words
    • 417 17 [BANGKOK] Thailand will slash tariff rates for 1,900 key products used for the electronics industry to improve the competitiveness of local manufacturers, the Bangkok Post reported yesterday. Somchai Sujjapongse, deputy director-general of the Fiscal Policy Office, said import tariffs would be cut
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  • AVIATION
    • 391 18 Region expected to need 7 r 200 new aircraft over the next 20 years AFP [WASHINGTON] The AsiaPacific region, the darling of aircraft makers, is expected to seek delivery of 7,200 new airplanes worth US$77O billion over the next 20 years, US
      AFP; AP  -  391 words
    • 259 18 Bloomberg [BANGKOK] Thailand will keep low-cost airlines operating at Bangkok's existing international airport to avoid overloading the new facility slated to open next year and upon the request of discount carriers, a transport official said. The existing old Don Muang airport,
      Bloomberg  -  259 words
    • 211 18 Reuters [NEW YORK] Jetßlue Airways Corp said on Monday it raised US$l35 million by selling 7.5 million newly issued common shares priced at US$lB each. The low-cost airline said it will use the proceeds to fund working capital and capital expenditures, including spending on
      Reuters  -  211 words
    • LOG BOOK
      • 72 18 AFP [KUALA LUMPUR] Budget carrier Air Asia Bhd yesterday said major shareholder Tune Air Sdn Bhd and chief financial officer Raja Mohamad Azmi Raja Razali had placed 60 million shares with the Employees Provident Fund (EPF) and other financial institutions. Air Asia said the sale
        AFP  -  72 words
      • 67 18 AFP [BANGKOK] Austrian Airlines said yesterday it had launched its first direct flights from Vienna to Thailand's holiday isle of Phuket on the back of recovering tourism demand after the Dec 26 tsunami last year. The airline made its first flight to Phuket on
        AFP  -  67 words
      • 78 18 Reuters [COPENHAGEN] Copenhagen Airports (CPH) posted an in-line 19 per cent rise in nine-month pre-tax profit last week and cut its full-year earnings forecast after hurricanes slowed business at its Mexican airports. But it raised its passenger traffic estimate due to an increase in charter
        Reuters  -  78 words
    • 382 18 Analysts say the airline may be forced to liquidate NYT [CHICAGO] Independence Air, a low-fare airline that struggled with high fuel prices and stiff competition, filed for bankruptcy protection on Monday and said that it would try to sell itself, in whole or in
      NYT  -  382 words
    • 321 18 Reuters (LONDON] OnAir, a European firm backed by planemaker Airbus that aims to introduce in-flight mobile phone service in 2006, said it expected a key framework agreement on coordinating telecoms regulations by February. "Before passengers can use their mobile telephone on board
      Reuters  -  321 words
    • 995 18 911 BSB m m BBa S04JS 0550 B6S5 m Si SFiF S5 Mm 1535 a 324 Igj {«gf| |3|| oli« If Si B m ill slUl lli sfel M fa*w 9 jM_ 8ii| >»■!— l HZHS 1140 —MZ30i 1545 SSF~B§5 Ctf&i 96% £95? 0700 k3S6 0750
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  • Page 18 Miscellaneous
    • 266 18 CRYPTIC CROSSWORD 1 Unconventional European ComBy the sound of rushed the hill 27 Gear worn knight with sex ap--29 Lash cow performing a jump (7) I j 30 Alfalfa found near Swiss lake (7) 31 Tear back in, then starts shouting menaces (9) man citizen (7) YESTERDAY'S SOLUTION nnuuiu Twit
      266 words

  • SHIPPING
    • 585 19  -  Australian foreign minister says attack was the work of terrorists By DONALD URQUHART [SINGAPORF] Security personnel on the Seabourn Spirit cruise ship were yesterday disclosed to have used a new sonic defence system to ward off an attack by pirates off the
      AP  -  585 words
    • 459 19 It aims to boost equipment sales to US$200m by 2008 Reuters [SHANGHAI] Rolls-Royce pic aims to boost shipping equipment sales in China by nearly 70 per cent to US$2OO million by 2008, cashing in on Asia's shipbuilding boom, the firm's top marine division
      Reuters  -  459 words
    • 808 19  -  STRAIT TALK By DAVID HUGHES SINCE March this year, the waters off the Somali coast have become very dangerous indeed. For several years sporadic pirate attacks, usually leading to hijacking for ransom, have occurred off the shore of that lawless country. In
      808 words
    • 434 19 Bloomberg [OSLO] Daily earnings for two million barrel oil tankers reached US$lOO,OOO a day on the route from the Persian Gulf to South Korea, the highest in nine months, because of a shortage of ships available for early December. "We are at the
      Bloomberg  -  434 words
    • 332 19 Bloomberg [OSLO] The world's biggest shipping company, AP Moeller-Maersk A/S, said yesterday a gas tanker it owns has stopped leaking fuel oil after colliding with a cargo ship two days ago. The 20,900 cubic-meter Maersk Holyhead, which carries liquefied petroleum gases
      Bloomberg  -  332 words
    • 302 19 S6X '000 Nov» St *1- Vol CH Offshore 0.38 unch 190 ChuanHup 0.79 -0.01 1032 Cosco Corporation 2 40 0.04 ***** CWT Distribution 0.81 unch 22 Ezra Hldgs 1.36 0.01 214 Freight links 0 06 unch 96 Grand Banks Yacht 0.92 -0 01 2 Jaya Holdings 1.27 -0.03
      302 words
  • Page 19 Advertisements
    • 94 19 22-24 Mar 2006 Asia Pacific Singapore Expo maritime www.apmaritime.com "SHIPOWNERS |#K International Ship Registries (ISR) provides fast efficient service for registration licensing of International Ship Classification (ISClass) is an «r-4§ (J) independent organization providing classification iscta»» serv CßS for newbuildings existing vessels as Yjjj well as statutory surveys certification on
      94 words

  • EDITORIAL & OPINION
    • 557 20 EDITORIAL IN fixing the land price for the proposed development of the integrated resort (IR) at Marina Bay, the government has departed from normal practice and precedent, and for good reason. It must however ensure that this is not a precedent-setting move. Friday, it was
      557 words
    • 1100 20  -  Companies must deliver unique experiences in order to remain relevant and competitive JOE BALADI TO A lot of people trying to come to grips with branding, the effort is difficult because much of it appears to be conceptual. The very intangibility of the
      FILE PHOTO  -  1,100 words
    • 771 20  -  THE BOTTOM LINE FRANK CHING CHINA'S appeal to the World Health Organization (WHO) for help to determine if three cases of "pneumonia caused by unknown factors" in Hunan province could have been the result of the HSNI virus indicates that Beijing
      771 words
    • 1359 21  -  Region's oil exploration boom offers openings for S'pore in support services, commerce, shipping, and derivatives trading By EMAD KHALIL, ALEX CULL THE energy ministers of the Asia-Pacific Economic Cooperation (Apec) nations met in Gyeongju, in South Korea, on October 19 to address concerns over the
      FILE PHOTO  -  1,359 words
    • 403 21  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to the editorial "Boost for the bottom rungs" (BT, Nov 2) which makes mention of NTUC's call to exempt low-income workers from making CPF contributions. As has been pointed out by others, the
      403 words
    • 119 21  -  Tan Kok Leong Principal TKL Consulting I READ with great interest the comments in BT on what Singapore firms need to do to grow relationships with businesses in China. From trips to Zhejiang, Jiangsu and Shandong with trade delegations, it seems to me
      119 words

  • Page 21 Advertisements
    • 103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
    • 621 21 :+at^ NOTICES BUY IT SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CEXP PTE. LTD. (formerly known as Commerce Exchange Pte Lid.) (Company Registration No: *****4944 D) (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of
      621 words
    • 571 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50. AND IN THE MATTER OF WEDDING CAFt (S) PTE. LTD. (Company Registration No. *****5171N] (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of Wedding Cafe (S) Pt«. Ltd., duly convened and field at 122 Middle Road #0803
      571 words
    • 388 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TIC PROPERTY MANAGEMENT PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****1387K) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
      388 words

  • 10750 22 SGX MAINBOARD 52-Wk Tel Last Vol Day Last Quote GrtXv Mv GrYtd Net MCap High Low Code Company Sale +1- ('000) High Low Buyer SeMer S Cvr P/I SmM 7.5 2 5716 1st Software 5c 2.5 unch 322 3 2.5 2.5 3 10.1 23.5 6 3148 8TelecomUS2c 7
    10,750 words

  • 6667 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS la IISS dy Syr dy %yr dy %yr Nov 7 Index Change Change Change Change Change Change World Index Preliminary 930 8 0.2 92 0.1 77 01 34 EAfE Preliminary 916.1 03 116 02 11 03 4J Europe
    6,667 words

  • Page 24 Advertisements
    • 1250 24 v /!Q\ NYK GROUP SOUTH ASIA PTE LTD AW m Vr¥fMT TEL 6295 0123 XVAAunC t&gdf M 3 Xm LINE Fax:6292 2856(Regionalsales)/*****109(0P5)/6299 5785(Documentation) w NIPPON YUSEN KAISHA TOKTO CO»AKU KASHA. UO (C/RNO: **********0E) |7F I #t BKE2H «#:1378 *****00G SENATOR LINES RBBS Main liros: +6Z653&-2750 M Anson House Singapore *****1
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    • 594 24 ItTWAIIA KOtO SHVK3 vßsa/vor mm) hbghtw kg km lo 5 «t STVAITS VENTURE 73/05 IS 3.2 10/11 13/11 17/11 20/11 21/11 STKAITS VENTURE 24/05 IS 3.2 24/11 27/11 30/11 03/12 OS/12 |smmromjK2*/os is 3.2 it/12 25/12 21/12 01/01 03/01 I AUSTRALIAN RORO SKEVKi I vßsa/vor 1 ramukdl hbghtwl m sw
      594 words

  • Page 25 Advertisements
    • 1220 25 www.hamburgsud.com ASIA SERVICE SUNG I (EXPORT) ASIA SERVICE SUNG 2 (EXPORT) y««t/Vni» SINGAPORE DORIAN SEPETIIA SANTOS ITAJAI PARANAOUA Vmol/Voyoy. SINGAPORE lUINOS AIRES RIO GRANDE SANTOS SEPETWA Conii Mologa 011W 16/11 27/11 07/1? 08/12 10/12 11/12 IwoshnoMTW 12/11 05/12 OS/12 10/12 11/12 Cop Frio 505W 23/11 04/12 14/12 15/12 17/12 18/12
      1,220 words
    • 1349 25 VESSEL _VOY_ SIN JIQ HUG KHH IK KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS HK VLADIVOSTOK 167S 10/1) 12/11 17/11 11/11 21/11 23/1) 73/11 KMTC JAKARTA 515S 13/11 16/11 17/11 22/11 26/11 27/11 HY PROGRESS IMS 17/ll_ l»/ll 24/11 26/11 21/11 30/11 30/11 KMTC PUSAM 513S 20/11
      1,349 words
    • 798 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VISSiI VOY SIN PJtIAHG COLOMBO W. SHEVA COLOMBO KOTA PtKWIRA YPWO73 07 MOV 08 NOV II NOV 14 NOV 11 NOV INDIRA GANDHI "BMSTuW OMIT 19 NOV 2? NOV ~?TMSV mfiumiii maw i\m 22 noy um nm
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  • Page 26 Advertisements
    • 1551 26 WAN HAI INTERNATIONAL PIE LTD CR NO: **********0/t V?rA 111:*****588 (14LINES) FAX:*****163 V\M WAN HAI I lNr\ GwtwmrStrvta/lookhgsDirectline• (1800)*****200 V V VTnll llfll HQ HL' (03)334MSHFAX:(03)3M232MPW TIL (04)2245W0HUb(D4J*****99 V am m ammmmmm ■iiwwwwh—i»«— www wonhoi (Bin ta JKTTH: (021) *****H MJLIO7I) *****U PUIIH: 714H0/71UII HUL7IU7* www.WM"-f'»g MIH: (O6l)4li7iCH>Hotl)4ls>Ws/114H09 reo sw
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    • 1142 26 vissa voy sin pcu vissn vor sin jut PAC lANDA 1596N 08/11 08/11 PACHNTAN 9324 12/11 15/11 PAC lANDA 159ZM 0?ZIJ IMJ_ 4192 WU 17/U CSf 2301 0197? 10/11 11/11 PAt UNTAX ZZ 9325_ 19/11 22/11 mum 1598N um n/n -gS™ gg jkjj mum 1122H mi 12/U_ kH "i nm
      1,142 words
    • 629 26 BSA x. MYANMA nM FIVE STAR LINE (Myanmar Notional Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU PAGAN 348W SU) PAGAN 349W SU) IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKI: 03-*****388 PEN: 04-*****1S A"™* ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SIN PGU PKI KIK LION HEART 139 SLO SLD
      629 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8242 27 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number 07/12 26/12 IRISL IRAN SATTARI PCL 8110 *****144 To ABIDJAN (ABJ) 2003 Cote D'lvoire To BANGKOK (BKK) 2038 Thailand 17/11
      8,242 words
  • Page 27 Advertisements
    • 385 27 Taiwan kee khh txg \Wcckly Consol Scrvicey Ea usa All IPI via LAX/NYC (MLB/AWS) LCL/IFCL rates! HUB MARINE PTE LTD BOOKING: *****375/716 MAINLINE: *****866 FAX: *****066 OPR CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CHUA: *****535, MELINA LEE: *****187 ptklano si*om YANOONi Mw trow klkmnp aau VESSEL VOYAGE PKG
      385 words
    • 345 27 FREIGHT LINKS EXPRESS PTE LTD Jjggr 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Website:http://www.freightlinks.net SOUTH AMERICA fir CHILE IB AQABA BUENOS AIRES SANTOS RIO GRANDE RIO DE JANEIRO VALPARAISO CALLAO CANADA ALEXANDRIA MALTA MAHE GENOA PANAMA i 11 CEBU DALIAN HONG KONG JAKARTA QINGDAO SHANGHAI SURABAYA
      345 words
    • 337 27 HBHIHTIGESWAVE 334N 12 13/11 18 20/11 2T?7/1^ ■PSffHl TIGER PEARL 33SN 15 16/11 22 24/11 29 30/11 I HUmImI TIGER SEA 336N 19 20/11 25 27/11 03 04/12 1 HMEII TIGER SKY 337N 22-23/11 29 01/12 06 07/12 ■■■■TIGERWAVE 338N 26 27/11 02-04/12 10 11/12 HUJU TIGER SKY 339N 29-30/11
      337 words


  • MOTORING
    • 559 29  -  Heavy tax negates diesel's fuel-saving, clean advantage: executive Reports by SAMUEL EE THE leading maker of diesel engine systems wants the Singapore government to rethink its diesel tax policy for passenger cars. German automotive components giant Bosch yesterday concluded its Diesel Day
      559 words
    • 450 29 ONE of the cars featured at the Bosch Diesel Day was the Volkswagen Passat 2.0 TDI. It has the body of the sixth-generation Passat that will be launched in Singapore next month. But unlike the two-litre FSI petrol direct injection engine of the
      450 words
    • 622 29  -  By SAMUEL EE BMW's sales strategy can hardly be summed up in a couple of sentences. But if Michael Ganal had to, this is what he would say: "BMW will continue to rely on its dealers and collaborate closely with them." The member of
      622 words
  • Page 29 Advertisements
    • 428 29 If JK Venture Leadership Discovery Venture Management Programme Competition Programme 3 November 24 26 November 21 23 Hotel Intercontinental, Singapore Hotel Intercontinental, Singapore 551,680 (Inclusive of 5% GST) SIM members and 551,680 (Inclusive of 5% GST) SIM members and Premas stakeholders Premas stakeholders 890 Non-members 551,890 Non-members T The Ten
      428 words

  • Page 30 Advertisements
    • 2433 30 IJttk I AT^ NJOTICFS X Vh_>/ JL 1- Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT-FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LEE INVESTMENTS (PRIVATE) LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) Co. Regn. No. *****0087R NOTICE OF FINAL MEETING NOTICE IS HEREBY
      2,433 words
    • 803 30 IN THE MATTER OF COMPANIES ACT, CAP 50 AND IN THE MATTER OF COMET TRADING ENTERPRISES PTE LTD Reg No. *****7602H (In Members' Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN in pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final General Meeting
      803 words
  • executive Money
    • Article, Illustration
      414 30  -  Singapore equity funds By Chua Boon Lee THE Singapore equity market has been one of the region's best performers in 2005 to-date and the funds here looked set to mark another year of steady appreciation despite the sharp pull-back in October owing to jitters from rising interest rates.
      Source: S&P  -  414 words
    • 825 30  -  GENEVIEVE CUA reports on a Citigroup study modelled on the Dogs of the Dow theory GENEVIEVE CUA THE adage to buy low, sell high is what every investor strives for, so should you buy the year's worst performing stocks in the hope that they'd
      Source: Worldscope, Fact Set, Citigroup Investment Research  -  825 words
    • 518 31  -  In the warrants game, that's more important than knowing how to do the calculations, trading guru Daryl Guppy tells R SIVANITHY R SIVANITHY According to conventional wisdom, in order to trade structured warrants successfully, one has to master the intricacies of the Black-Scholes pricing model
      518 words
    • 722 31  -  By CHET CURRIER US market isn't going anywhere. Bloomberg IF it's November, it must be time for the annual year-end rally in the US stock market. That's certainly the way the script played out in 2004, when the Standard Poor's 500 Index, up
      US market isn't going anywhere. — Bloomberg  -  722 words
    • 5390 31 UNIT TRUSTS FUNDS Citi Money Sing Dollar Class B t 0863/ Cm Pan-Europe Equity Fund 1 29/ ami Am,, Acmi Urr, CitiSelect Asia Tilt Balanced 1 45/ CrtiSelect Asia Tilt Growth t ill Star Europe Eqty 0 84V CitiSelect Asia Tilt Enh Grth 13V ?U CitiSelect Global Growth 1 18/
      5,390 words
    • 1342 32  -  GENEVIEVE CUA finds out what's best for home owners with rate hikes looming in the short term GENEVIEVE CUA HOMK LOAN rates are inching up, and borrowers particularly those on floating rate schemes may have to brace themselves for one or two
      Source: Bloomberg  -  1,342 words
    • 761 32  -  By GENEVIEVE CUA HONG KONG has passed a bill to abolish estate duty, raising the question of whether Singapore would soon follow suit. The special administrative region's move is expected to raise its profile as a trust and asset management centre
      761 words

  • Page 31 Advertisements
    • 32 31 DIT Europazins Best Bond Europe Fund over 1 yr, 3yrs and 5yrs category* rated AA AlliatlZ (Hi) by Standard Poor s. Global investors Source: The Edge-Lipper Singapore Funds Awards 2004 companyregn.no *****7169Z
      32 words

  • Page 32 Advertisements
    • 102 32 1% Initial Deposit to Exchange 999 Year leases r AT I TAUn MEGAN CHUA 9010 0177 All enquiries please contact: IN JOINT VENTURE WITH V DST International Property FROGMORE c\oM7 A 0923 PROPERTY COMPANY ITI) X 3ShenconWay #10-08 Shenton House VKp Mdrttcung Aijenlv Singapore *****S Tei: < 65 6223 9,19
      102 words
    • 10 32 INVESTMENT STRATEGIES Better to buy value among winners PG 30
      10 words