The Business Times, 3 March 2006

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Total Pages: 30
1 30 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 099/03/2006 Friday, March 3,2006
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  • 545 1  -  All eyes now on fate of revamp plan at EGM today By MICHELLE QUAH [SINGAPORE] The three China Aviation Oil (CAO) directors who broke securities laws were yesterday slapped with the heftiest fines meted out for such convictions. But the trio Gu Yanfei, Li
    545 words
  • 776 1  -  Among the bidders is a company controlled by the family of the late Tan Chin Tuan By KALPANA RASHIWALA, SHOEB KAGDA in Jakarta THE Great Robinson Sale may be on at last. A closed tender seeking buyers for OCBC Group's stake
    FILE PHOTO  -  776 words
  • 133 1 sn 2,480.30 (-2.37) ST INDEX FUTURES 1483.00 (-2.00) siMsa 293.86 (-0.60) SIMSa FUTURES 295.70 (+0.80) MARKETS Thursday Chang* KLSECOMP 919.78 -V£8 NIKKEI 225 15,909.76 -54.7?h HANG SENG 15.882.45 +64.36 SET INDEX 752.52 *424 JAKARTA COMP 1,249.68 +10.41 MANILA COMP 2,137.61 +2.34 SEOUL COMP 1,367.70 3.89 SHENZHEN B 251.01
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  • Page 1 Advertisements
    • 57 1 WORLD CUP §3 Get a glimpse of the real thing SjA -<vw k *fc» J 91 THE BATTLE OVER SOUTHERN BANK Tan Teong Hean is the man at the centre of the largest, the most public, and the most acrimonious takeover in Malaysian banking history. In the Raffles Conversation tomorrow,
      57 words
    • 265 1 BUSH IN INDIA r Land mark nuclear pact sealed PG2 w v .v i. 1 1 I t-r Cx 7/? j-l -'-.v <w. —V Mr M M iMo/uzbd i)i ii i .»yyvi-. nrfV"<' i >» '">l^-" j^ V X V' .V J f"Passione M The Mille Miglia Chronograph. For pilots
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  • TOP STORIES
    • 643 2 Accord will give India access to US nuclear technology for its energy needs Reuters. AFP Reuters,Bloomberg, AFP iNEW DELHI] India and the US said yesterday they had sealed a landmark civilian nuclear cooperation pact, the centrepiece of President George W Bush's first visit
      Reuters.; AFP; Reuters,Bloomberg, AFP; REUTERS  -  643 words
    • 498 2 'Open skies' issue dosed, let's move on: Cheow Tong AUSTRALIA has made its decision on the open skies issue, and it is time to move on. Transport Minister Yeo Cheow Tong said this in Parliament to questions on How and why Singapore {ailed to secure the trans-Pacific route
      498 words
    • 801 4  -  STB also honours veteran Jennie Chua and hotelier Geeson Lawadinata By ALEXANDRA HO [SINGAPORE] US businessman Duncan Wong can shop anywhere in the world to indulge his passion for fine watches, but he chooses to go to Singapore's Sincere Watch. "Shopping in Singapore
      LIANHE ZAOBAO  -  801 words
    • 474 4 32 chief executives wanted for a good cause [SINGAPORE] Coca-Cola's familiar tagline, "the real thing", took a twist yesterday when the drinks company brought in football's most coveted prize, the Fifa World Cup trophy, for a one-day public display today. "This
      474 words
    • 718 4  -  By VEN SREENIVASAN [SINGAPORE] Australia has made its decision on the open skies issue, and it is time to move on. Transport Minister Yeo Cheow Tong said this in Parliament to questions on how and why Singapore failed to secure the
      718 words
    • 430 4  -  By NANDE KHIN [SINGAPORE] Small and medium-sized enterprises (SMEs) and business associations yesterday welcomed news that the Singapore Exchange (SGX) is looking into setting up an alternative trading platform for emerging companies to raise funds. Monetary Authority of Singapore deputy chairman Tharman
      430 words
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  • COMPANY NEWS
    • 481 5 Bloomberg PROPERTY developer Ho Bee Investments Ltd is seeking its biggest-ever loan to build homes on the island of Sentosa, known for its golfing and recreation facilities, as real-estate prices at the resort soar. Ho Bee wants to borrow as much as
      Bloomberg  -  481 words
    • 495 5  -  it is partnering an Indonesian firm for new exploration blocks in Indonesia By RONNIE LIM MAINBOARD-LISTED China Petrotech Holdings, which has "morphed" from being just an information technology software and solutions provider into an oil player, will see the change reflected in
      495 words
    • 666 5  - Bid size cuts feedback needed HOCK LOCK SIEW By R SIVANITHY THE latest Singapore Exchange (SGX) consultation paper to reduce bid sizes in the local stock market makes for interesting reading and, if its proposals are implemented, should change the way business in the local market is conducted, most probably
      666 words
    • 590 6  -  It plans to sell 321.255 m units at $0.98 to $1.02 per unit By LESLIE YEE ALLCO Commercial Real Estate Investment Trust (Reit) is looking to raise $315 million to $328 million from the sale of 321.255 million units around 65 per
      590 words
    • 90 6 [SINGAPORE] Cardboard cows gracing the greens of Raffles Place where China Milk Products Group let them loose to advertise its initial public offering. Based in Heilongjiang Province, China Milk produces pedigree bull semen and dairy cow embryos which are sold to government livestock bureaus and other
      YEN MENG JIIN  -  90 words
    • 273 6  -  By UMA SHANKARI SESDAQ-LISTED oil, gas and marine company Aqua-Terra Supply said yesterday it has secured a US$9.2 million contract from a Norwegian firm. The contract, awarded to its wholly owned subsidiary Marine Hub, is for the design and supply of mooring systems for two
      273 words
    • 448 6 STRATECH Systems has achieved initial success in its overseas forays with foreign contracts contributing to 40 per cent of its 2005 revenue of $9 million but the transport technology company finds its bottomline performance still below expectations. The company yesterday reported
      448 words
    • 453 6 Bloomberg ASIAN technology stocks gained as analysts are optimistic about better consumer demand for electronics such as Microsoft's Xbox 360 game console. Shares of Stats ChipPAC, the world's fourth-largest chip tester and packager, rose to a seven-month high. Stats ChipPAC's stock
      Bloomberg  -  453 words
    • 238 6  -  By OH BOON PING TAT Hong Holdings said some shareholders including five executive directors have sold a combined 2.66 per cent stake or 12.1 million shares in the crane supplier at 84 cents each to institutional investors. The placement was arranged by CIMB-GK Securities Pte
      238 words
    • 455 6  -  By CLARENCE MICHAEL in Dubai [DUBAI] Leading Singa-pore-based DBS Bank Ltd is planning to set up a branch in the UAE. Speaking to BT. Tan Teck Long, MD, head of real estate, corporate investment banking, who was here recently, said the bank is
      455 words
    • 593 7  -  $289m properties will be injected into its Asian Retail Mall Fund II By KALPANA RASHIWALA PRAMERICA Asia formerly known as GRA Singapore has bagged DBS Tampines Centre and the adjacent Pavilion complex near Tampines MRT Station for $288.9 million. It has bought the property for its
      FILE PHOTO  -  593 words
    • 253 7 Bloomberg TELEKOM Malaysia Bhd, Malaysia's biggest telephone company, and its parent Khazanah Nasional Bhd increased their stake in Singapore's Mobile One Ltd (Ml) to 27.55 per cent from 26.12 per cent, part of a plan to expand overseas. The 14 million shares,
      Bloomberg  -  253 words
    • COMPANY BRIEFS
      • 30 7 VANTAGE Corporation said Charles Lim Chow Cher has resigned as an executive director and chief financial officer of the group with effect from March 1.
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      • 34 7 CHINA Sun Bio-chem Technology has shelved plans for a proposed rights issue of convertible notes or other securities. This follows feasibility studies by its financial adviser Omega Capital Ltd.
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      • 73 7 MAINBOARD-listed LMA International NV, which makes medical equipment, has reached an agreement for an out-of-court settlement with Tyco International Ltd on its two patent infringement actions against Tyco Healthcare Deutschland GmbH and Tyco Healthcare Nederland BV. Tyco has agreed to pay an undisclosed
        73 words
      • 29 7 BRC Asia Limited's net profit for 2005 rose to $4.30 million from $2.48 million. Turnover was at $76.31 million, up from $56.56 million.
        29 words
      • 33 7 CONSTRUCTION-related Lee Kim Tah Holdings Limited's net profit rose to $4.69 million, up from $1.27 rmllibn. Turnover was at $34*27 million compared, to $36.51 million
        33 words
      • 30 7 NEW Toyo International's net profit for 2005 fell 51.9 per cent to 12.2 million while turnover slipped 20 per cent to $159 million.
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      • 31 7 PERMASTEELISA Pacific Holdings Limited's net profit for 2005 plunged 82.5 per cent to $3.76 million despite a 64.6 per cent rise in revenue to $510.81 million.
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      • 55 7 BIOSENSORS International Group Ltd has set up a new subsidiary, Biosensors Interventional Technologies Pte Ltd, as part of its revamp. The new unit will be the holding company in Switzerland, the US, Japan and France, and will also hold fixed assets and inventories related to
        55 words
      • 50 7 SINGAPORE Telecom (Sing Tel) said that NCSI Holdings Pte Ltd, an indirect wholly-owned subsidiary, has incorporated a wholly-owned, China incorporated subsidiary, NCSI (Shanghai) Co Ltd. NCSI Shanghai has a registered capital of $1.4 million will provide system integration, software research and development and other IT-related services.
        50 words
    • 314 7  -  By CONRAD RAJ KEPPEL Corporation's subsidiary, KS Investments, has made a general offer to acquire 70.53 per cent of Keppel Philippines Marine Inc (KPMI), which is listed on the Philippines Stock Exchange (PSE). KS Investments already owns 29.47 per cent of KPMI. The
      314 words
  • Page 5 Advertisements
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  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 82 7 rnK HITACHI V Inspire the Next 51 k° ok Ahead H Mate critical business decisions with an accurate overview of r 11 your com P ar, ysystems. At ?Jr '''"jßiwt'i m 'If Iflr Sri I™ Possess adequate knowledge to accommodate changes in today's Am eßb P aggressive business environment and
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  • SINGAPORE MARKETS
    • 485 8  -  STOCKS ST Index puts on 17 points in the morning, but swings lower to close 2.4 points down at 2,480.3 R SIVANITHY Senior Correspondent HECTIC rotational plays among China stocks and other second-liners, heavy volume accompanied by big price movements in some but not
      Source: Bloomberg  -  485 words
    • 1048 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Mar 2 and earlier) Subsantial No of Price SHAREHOLDING SebsantMl Mo of Mc• SHAREHOLDING Trans Shareholder/ Buy' Shares Per Before After Tram Shareholder/ Buy/ Shares Nr Before After Stock Date Director Sell 000 Shr > COOP) COOP) Stock Date Director Sol
      1,048 words
    • Article, Illustration
      976 8  -  Compiled by MATTHEW PHAN SembCorp Industries Mar 2 dose: $3.28 KIM ENG RESEARCH, Mar 2 WE ARE raising our recommendation on SembCorp Industries (SCI) to a "buy". Mainly, new utility projects are performing well, with earnings accretion fast gaining traction at the group level. In addition, we are
      Source: Bloomberg  -  976 words
    • 487 8 CURRENCIES AFP [TOKYO] The dollar gained on the yen in Asian trade yesterday ahead of Japanese inflation data today that could set the scene for a tightening of monetary policy here, dealers said. The dollar recovered from Wednesday's one-month lows against the
      AFP  -  487 words

  • SINGAPORE NEWS
    • 551 9  -  YESTERDAY IN PARLIAMENT Incentive schemes working well in establishing S'pore as maritime hub By DONALD URQUHART [SINGAPORE] As the world's largest container port, Singapore will double its capacity by 2018 to tap growing global volumes, according to the Minister
      FILE PHOTO  -  551 words
    • 277 9  -  By AMIT ROY CHOUDHURY THE government is not considering giving individual e-mail accounts to students, working adults and Singaporeans interested in the Internet, Lee Boon Yang, Minister for Information, Communications and the Arts (Mica), told Parliament yesterday. He said the case for
      277 words
    • 377 9  -  By CHEN HUIFEN ANALYTIC instruments maker MDS Sciex, which has opened a new manufacturing plant in Singapore, is planning to hire 110 people by 2008. The company, a unit of New York-listed MDS Inc, at present has 15 employees. It intends
      377 words
    • 433 9  - New COE quota to be 1.1 less LTA will review the vehicle growth rate again in 2008 By SAMUEL EE NEXT year's COE quota will shrink marginally as the government maintains the 3 per cent a year vehicle growth rate for another three years. Transport Minister Yeo Cheow Tong announced
      433 words
    • 409 9  -  By DANIEL BUENAS THE government may have made headway in "hardening" Singapore against a terrorist attack, but there is more work to do to help prepare Singaporeans against the terror threat, Deputy Prime Minister and Minister of Home Affairs Wong Kan Seng
      AP  -  409 words
    • 549 10  -  Overall PMI dips 0.7 of a point to 50.8 despite rise in electronics PMI By UMA SHANKARI THE purchasing managers' index (PMI) fell for the third consecutive month in February, leading to concern among analysts that February's manufacturing output may also be poor. The
      549 words
    • 420 10  -  REMAKING SINGAPORE'S TOURISM ENGINE By GRACE CHONG SOME 15,000 jobs are being offered at the Career 2006 fair in what promises tq be the largest career and education event in Singapore and the region. Event organiser Singapore Professional Centre hopes the booths offering openings ranging
      420 words
    • 232 10 NANYANG Business School at Nanyang Technological University (NTU) will offer a Bachelor of Business degree in tourism and hospitality management from July this year. The three-year programme aims to produce graduates trained in the fundamentals of tourism and hospitality management. The Singapore Tourism
      232 words
    • 410 10  -  32 local companies will showcase their products at the fair By WINSTON CHAI SPURRED by last year's success, 32 local technology firms are gearing up to showcase their offerings at the CeBIT trade show in Hannover, Germany. The
      FILE PHOTO  -  410 words
    • 307 10  -  By GENEVIEVE CUA HENDERSON Global Investors is launching its third property equities fund, this time focusing on Asia-Pacif-ic. The Henderson Asia-Pa-cific Property Equities Fund feeds into a Luxembourg mother fund launched last October. The latter has some US$l7O million in assets. At present there are
      307 words
  • Page 9 Advertisements
    • 738 9 :*AT^ NOTICES Toll free: 1800-289-8822 Email: notices^sph.com.sg BU» II SEll IT UNO I! IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LION HEART PROPERTIES PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED) COMPANY REGISTRATION NO. *****5054W NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN pursuant to
      738 words
    • 441 9 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF TOYOCOM ASIA PTE. LTD. (In Members' Voluntary Liquidation) (Company Registration No. *****2374G) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 1 Harbour Front
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  • Page 10 Advertisements
    • 1237 10 :*at^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THE NEW OTANI FAR EAST MANAGEMENT CO PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****2721 D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company
      1,237 words
    • 203 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LEE EQUITIES HOLDINGS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap.so that the Final Meeting of the members of the abovenamed
      203 words

  • ECONOMY WATCH
    • 801 11 Japan and China demand offsets gloomy export indicators Reuters [SINGAPORE] Chip sales are falling everywhere and American consumers are l,ess exuberant worrying signs for Asia's exportheavy economies? Not really, say many economists. Buoyant Japanese consumption, more positive signals from China and lesser-watched indicators such
      Reuters; REUTERS  -  801 words
    • 578 11 Strong business environment to boost exports Reuters [SYDNEY] Australia's economy should be supported by further strong business investment, while recent softness in the labour market was likely just a pause in employment growth, a central bank official said yesterday. Speaking to an economics conference,
      Reuters; BLOOMBERG  -  578 words
    • 475 11 AFP (BANGKOK] Thailand's political turmoil could shave a percentage point off economic growth this year, a leading research centre warned on Wednesday, amid growing doubts over the government's ability to deliver on key projects. The government had planned to spend U557.65 billion on major
      AFP  -  475 words
    • 259 11 Reuters {WASHINGTON] The United States is very close to launching free trade talks with Malaysia, its 10thlargest trading partner, a spokeswoman for the US Trade Representative's office said on Wednesday. "I can't confirm a specific time frame, but as you know Ambassador Portman
      Reuters  -  259 words
  • Page 11 Advertisements
    • 1490 11 :*AT3 €0 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KHIM MEDICARE PRIVATE LIMITED (Registration No. *****2262 M) (In Members' Voluntary liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company, held at 1 Grange Road, #11-01 Orchard
      1,490 words

  • MALAYSIA/INDONESIA
    • 558 12 Criticism comes ahead of decision on who operates Cepu oilfield Reuters [JAKAßTA] Indonesian President Susilo Bambang Yudhoyono lashed out at state oil company Pertamina yesterday, ahead of a decision on whether it or Exxon Mobil Corp operates a new oilfield that promises to boost Indonesia's
      Reuters; AP  -  558 words
    • 265 12 AFP [KUALA LUMPUR] Indian mobile operator Aircel, a unit of Malaysia's Maxis Communications, will invest some US$5OO million over the next three years to expand its coverage, a report said yesterday. Maxis chief executive Jamaludin Ibrahim told the New Straits Times
      AFP  -  265 words
    • 218 12 [JAKARTA] The body responsible for regulating the downstream oil and gas industry has awarded state oil and gas firm PT Pertamina and state engineering, procurement and construction company PT Rekayasa Industri preferential rights to construct and operate two pipelines connecting the provinces
      218 words
    • 2450 12 VOL Mar 2 HM W- C000) A&M Realty 1.40 unch 4 Abric 0.31 unch 147 ACP Industries 0.72 unch 140 Advance Synergy 0.18 unch 300 Adventa .0.27 -0.01 61 AE Multi 0.37 0.01 119 Affin Hldgs 1.62 0.04 175 Ahmad Zaki Res 1.56 -0.01 59 AlCCorp .0.92 -0.06
      2,450 words
    • 271 12 AFP {JAKARTA] The Indonesian government has formed an agency to take over the management of businesses rim by the powerful armed forces (TNI), and clean them up, a report said yesterday. Said Didu, the secretary to the minister for state enterprises, is quoted
      AFP  -  271 words
    • BRIEFLY ASIA
      • 77 12 Reuters EKUALA LUMPUR] Malaysia named a new chief executive for its markets watchdog yesterday, along with two new directors for its state investment agency Khazanah Nasional. Zarinah Anwar was appointed chairman of the Securities Commission, succeeding Mohamad Nor Yusof. The latter was named a director
        Reuters  -  77 words
      • 51 12 Reuters [BEIJING] Bank of China, the country's second-biggest lender in which Singapore investment agency Temasek Holdings has a stake, said yesterday it was eyeing a listing in Hong Kong in the first half of 2006, but no firm timetable has been set.
        Reuters  -  51 words
      • 82 12 Reuters [KUALA LUMPUR] Malaysian takeover target Southern Bank Bhd (SBB) said yesterday its announcement of the details of a stake held by state firm Khazanah Nasional Bhd were inaccurate and it was withdrawing them. Khazanah's direct shareholding of 5 million SBB shares only arose on
        Reuters  -  82 words
      • 41 12 Reuters [HONG KONG] Property group Henderson Land Development Co Ltd said yesterday it was exploring the possibility of spinning off properties to a real estate investment trust that could seek a Hong Kong listing. —Reuters
        Reuters  -  41 words
      • 71 12 Reuters [SHANGHAI] China's Pudong Development Bank Co Ltd yesterday posted a 31 per cent rise in fourth-quarter net profit as the size of its loans grew rapidly, and said it expected profit to rise by a fourth in 2006. Pudong Bank posted net
        Reuters  -  71 words
    • 491 12 [KUALA LUMPUR] Malaysian companies face two tough challenges ahead, although earnings results of most companies during the recently ended reporting season came in within expectations, says a report in Malaysia's Business Times citing research houses. The paper said the dual challenges
      491 words

  • GREATER CHINA/INDIA
    • 675 13 But they say if they don't invest now, they may become underperformers Reuters [MUMBAI] Fund managers are facing a dilemma in India's booming stock market: should they risk buying pricey shares or sit on cash and wait for a correction and possibly
      Reuters; Source: Bloomberg; AFP  -  675 words
    • 310 13 Reuters [TAIPEI] Days after scrapping guidelines on unification with China, Taiwan called yesterday for talks with its giant neighbour which considers the selfruled island its sovereign territory. The plea is likely to fall on deaf ears. China refuses to deal with independenceminded Taiwan President
      Reuters; AP  -  310 words
    • 173 13 Reuters [MUMBAI] Indian shares rose to a new peak yesterday, extending their re-cord-setting rally into a fourth session, as cement and auto stocks surged on hopes of higher sales and profits. Associated Cement Companies Ltd surged nearly 6 per cent to a day's high
      Reuters  -  173 words
    • 359 13 China Minstieng said to be getting shareholders' nod [HONG KONG] China Minsheng Banking Corp the mainland's only privately controlled lender in which Singapore investment company Temasek Holdings has a close to 5 per cent stake plans to issue new shares to fund expansion as
      359 words
    • 170 13 Bloomberg [HONG KONG] Hong Kong's legislature has passed a bill to scrap profit tax for offshore funds as the city seeks to draw more overseas capital. The Legislative Council passed the bill on Wednesday, according to its website. The new
      Bloomberg  -  170 words
    • 342 13 Reuters [BEIJING] Chinese energy major PetroChina Co Ltd yesterday signed a deal with French peer Total SA to jointly explore a natural gas field with proven reserves of over 100 billion cubic metres. The agreement calls for cooperating in development and
      Reuters  -  342 words
    • 271 13 Reuters Bloomberg [HONG KONG] Hutchison Telecommunications International Ltd said yesterday that it has simplified the shareholding structure of its joint venture with India's Kotak Group to prepare for its planned IPO. Hutchison Telecom, the emerging markets cellphone arm of Hong Kong tycoon Li
      Reuters; Bloomberg  -  271 words

  • ASIA-PACIFIC
    • 656 14 Thai Rak Thai, four other parties register candidates for April 2 poll By Our Correspondent in Bangkok THE Thai Rak Thai party of Prime Minister Thaksin Shinawatra yesterday registered candidates for the snap election to be held on April 2. So did four other
      REUTERS  -  656 words
    • 227 14 AFP [BANGKOK] Thailand's telecoms giant Shin Corp, at the centre of a political crisis that threatens Prime Minister Thaksin Shinawatra's leadership, yesterday said its net profit fell slightly in 2005 on weaker earnings from its mobile phone unit. Shin Corp. which Dr Thaksin
      AFP  -  227 words
    • 555 14 Bloomberg [HONG KONG] Goldman Sachs Group Inc may supplant Morgan Stanley as China's No 1 stock underwriter this year when Industrial Commercial Bank of China (ICBC) raises as much as US$l2 billion in the country's biggest initial public offering (IPO). Goldman, the secondlargest
      Bloomberg  -  555 words
    • 235 14 Reuters [TOKYO] Japan's top companies will enjoy stronger profit growth over the next two years than previously expected, the Daiwa Institute of Research says in a quarterly report. Recurring profits at Japan's 300 biggest non-financial firms are likely to grow 9.2 per cent this
      Reuters  -  235 words
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  • WORLD
    • 446 15  -  Shares jump 4% to new peak; bank looking for more acquisitions By NEIL BEHRMANN in London STANDARD Chartered's pre-tax profits for last year jumped by 19 per cent to US$2.6B billion. The bank says it is on the look out for more
      446 words
    • 379 15 Reuters. Bloomberg [WASHINGTON] The number of Americans filing new claims for jobless benefits rose a larger-than-expected 15,000 last week, the government said yesterday in a report skewed by two holidays last month. Initial filings for state unemployment insurance aid rose to 294,000
      Reuters.; Bloomberg  -  379 words
    • 561 15 Investment in new technology to rise to 10b euros Reuters [BONN] Deutsche Telekom raised its dividend by more than expected after another strong performance at its key mobile unit lifted fourth-quarter earnings and sales, sending its shares higher yesterday. Europe's biggest telecoms group stuck
      Reuters; REUTERS  -  561 words
    • 554 15 Bloomberg [NEW YORK] Google Inc analysts were set to probe the world's biggest Internet search engine about its surging spending and how it plans to fend off competition at a meeting hosted by the company yesterday. Analysts including Robert Peck at Bear
      Bloomberg  -  554 words
    • 183 15 AFP (LONDON] Aviva, Britain's biggest insurer, yesterday said that its operating profit soared 29 per cent in 2005 as it was boosted by a bumper performance from its general insurance division. Aviva said operating profits income earned before tax and interest payments leapt
      AFP  -  183 words
    • WORLD WATCH
      • 133 15 AP [DETROIT] Both General Motors and Ford said on Wednesday they would scale back production in the second quarter, a move that reflects their falling sales and shrinking market share in the United States. As has been the case for much of
        AP  -  133 words
      • 136 15 Reuters [FRANKFURT] German sporting goods firm Adidas posted a net loss of 4 million euros (557.7 million) in the fourth quarter, missing analysts' expectations, mainly due to the costs of its takeover of US rival Reebok. The fourth-quarter net loss from continuing and
        Reuters  -  136 words
      • 144 15 AFP [BANGKOK] Revenue from foreign movies shot in Thailand is expected to jump 75 per cent to two billion baht (5583.7 million) this year, unless political turmoil scares off filmmakers, experts said yesterday. A rebound in tourism after the December 2004 tsunami and
        AFP  -  144 words
      • 54 15 AFP [WASHINGTON] Online gambling revenues reached US$lO.9 billion worldwide last year even though betting is illegal in many countries including the US, a survey showed on Wednesday. The research firm eMarketer said global Internet gambling revenues minus the amounts paid to winners grew 28 per
        AFP  -  54 words
      • 132 15 Bloomberg [NEW YORK] Google Inc, which operates the most-used Internet search engine, is switching its servers to run on Advanced Micro Devices chips instead of those made by Intel Corp, according to a Morgan Stanley report. Google, which has more than 200,000 servers, has
        Bloomberg  -  132 words
      • 114 15 Reuters [NEW YORK] HewlettPackard Co and Gateway Inc on Wednesday said they had settled all outstanding patent litigation, with Gateway paying HP a total of US$47 million and revising 2005 results to reflect the deal. The settlement resolves claims in three federal
        Reuters  -  114 words
  • Page 15 Advertisements

  • AVIATION
    • 425 16  -  Airline's tender invitations for the supply of a range of services includes new terminal By VEN SREENIVASAN [SINGAPORE] Singapore Changi Airport's Budget Terminal may soon have a second customer. Air India Express, the budget carrier of the state owned Indian airline, is
      AFP  -  425 words
    • 359 16 Reuters [MADRID] The chairman of Spain's Ferrovial was in London on Wednesday finalising details on a consortium to bid for British airports operator BAA, Spanish newspapers said yesterday. Officials at Ferrovial declined to comment. Newspaper ABC quoted sources close to the process as
      Reuters  -  359 words
    • 112 16 Reuters [HANOI] Boeing Co forecast yesterday that Asia-Pa-cific sales of new airplanes would total 7,200, valued at US$77O billion over the next 20 years. "In a competitive market, the airlines will continue meeting passengers' demand for more direct non-stop flights to destinations around
      Reuters  -  112 words
    • 190 16 Bloomberg [NFW YORK] Northwest Airlines Corp, seeking US$l.4 billion in annual labour savings, reached an agreement with its flight-attendants union that will save the bankrupt company US$l95 million a year and avert a strike. The accord is subject to approval by the union's
      Bloomberg  -  190 words
    • 614 16 Bloomberg [TOKYO] Billionaire Eitaro Itoyama, who forced out a Japan Airlines Corp president for the second time, threatened to oust replacement Haruka Nishimatsu after a year, unless he turns around the unprofitable carrier. "I will tell him I want dividends," Mr
      Bloomberg; BLOOMBERG  -  614 words
    • 433 16 Bloomberg [WASHINGTON] US airlines agreed on a proposal that would replace passenger ticket taxes with user fees to fund the US$l4.3 billion Federal Aviation Administration budget. The plan, which took more than a year to negotiate, will be the basis of
      Bloomberg  -  433 words
    • 510 16 CITY HKW ETA PUWH ITP AbuDfcaU S0455 1205 tff jjg mm UimiMmi SOUS (BIS "*^11" m l%j^j "TIW1 ■HP igjgjf J]gj J* iirn r silsl 11 i mm Okago UAMS 235$ —UAHS 0645 Chrktchurch ~T|4g Cadla —JM 20T5 WIM Darwin jpl Dayao MiSSS i9l£> MIS88 0905
      510 words

  • SHIPPING
    • 504 17  -  Available sectors: shipping, tourism, service, energy, IT and agriculture By DONALD URQUHART [SINGAPORE] Sembcorp Marine, the Singapore Cruise Centre and PSA International are among the local companies tipped to tap business opportunities in Panama as a visiting trade delegation highlighted six key investment
      REUTERS  -  504 words
    • 298 17  -  By CONRAD RAJ [SINGAPORE] Keppel Fels Ltd, the world's leading rig builder, has won a US$l77 million contract to upgrade and extend the life of a semi-submersible drilling rig for Blackford Dolphin Pte Ltd, which is wholly owned by Norway's Fred.Olsen Energy
      298 words
    • 99 17 Bloomberg [SYDNEY] Toll Holdings Ltd, Australia's biggest freight company, will restructure the mix of cash and stock in its A 53.9 billion (554.7 billion) hostile offer for Patrick Corp, the country's largest port cargo handler. Toll CEO Paul Little has offered to find
      Bloomberg  -  99 words
    • 544 17 But he may change decision if new review gives nod Reuters [NEWARK, New Jersey] A US judge said on Wednesday that it was premature to order the Bush administration to disclose parts of a security probe into an Arab port operator,
      Reuters  -  544 words
    • 814 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE Supreme Court of India recently ordered an admiralty claim made against a Singapore-flag vessel almost six years ago, to be heard in the Calcutta High Court although the relevant bills of lading contained an
      814 words
    • 335 17 Bloomberg [HONG KONG] Shanghai International Port (Group) Co, which manages China's busiest port, handled 12 per cent more containers in February than a year earlier as rising trade increases demand for sea freight. Cargo volume grew to 1.25 million standard 20foot
      Bloomberg  -  335 words
    • 295 17 SGX '000 Mar 2 St W- Vol CH Offshore 0.38 -0.01 244 ChuanHup 0.38 0.01 1270 Cosco Corporation 1.22 -0.01 6159 CWT Distribution 1.03 0.01 86 Ezra Hldgs 221 0.15 1697 Freight Links 0.0® unch 2882 Grand Banks Yacht 0.92 unch 0 Java Holdings 129 0.01 614 K1
      295 words
  • Page 17 Advertisements
    • 103 17 NOTE TO THE TRADE The Burkina Shipper's Council (CBC), Ouagadougou, Burkina Faso would like to inform all Shippers, Forwarders and Agents that an Electronic Cargo Tracking Note (ECTN) must be issued for all shipments Bills of Lading to the Republic of Burkina with effect from the Ist of March 2006.
      103 words

  • EDITORIAL & OPINION
    • 519 18 EDITORIAL ONE of the biggest hurdles Singapore start-ups face, aspiring entrepreneurs would lament, is difficulties in securing funding, even in the face of a seeming array of financing options. The idea of a new stock trading board dedicated to fledgling firms if it does materialise, with
      519 words
    • 1129 18  -  Latest tax changes give Singapore a shot at becoming the captive hub for Asian MNCs By YIP YOKE HAR ON Feb 17,2006, the Finance Minister announced an incentive to effectively exempt from income tax the income earned by captive insurers from their offshore business. What
      FILE PHOTO  -  1,129 words
    • 762 18  -  THE BOTTOM LINE FRANK CHING THE good thing about Sino-Japanese relations is that the two sides keep talking to each other. The bad thing is that they seem to be unable to make progress on any of the main issues that divide
      762 words
    • 1406 19  -  With the political situation improving, the economy is moving in the right direction out of a multi-year slump By TONG SUIT CHEE DESPITE its internal and external conflicts, Israel's economy is on the rise. In 2005 a particularly good year it enjoyed growth of 5.2 per
      BLOOMBERG  -  1,406 words
    • 1092 19  -  By DON LEE LAT-WP Homeowners wondering what follows a housing bubble can look to China's largest city. Once one of the hottest markets in the world, sales of homes have virtually halted in some areas of Shanghai, prompting developers to slash prices and real
      LAT-WP; AFP  -  1,092 words


  • 10907 20 SGX MAINBOARD 52-Wk T«l Last Vol Day lutQuote GrDiv Uv GrYM Net MCap High Low Cod« Company Sal* +<- COOP) High Low Buyr SaiUf H Cvt K W 5.5 2 5716 IstSoftwareSc 2.5 unch 461 2.5 2 2 2.5 to 1 115 6 3148 8Telecom US2c 7.5 unch
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  • Page 20 Advertisements
    • 34 20 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in att markets Access to Asian, US, Euro slocks 4wl IfpHM Select Exchange TVaded Funds and indices
      34 words

  • 6203 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES lo local can In SS tm OSS dy y* dy dy 1 Indci Chang« Owngt Oxnga Chang* Qnnqa O\angt VtaWlnde* Preliminary ***** 03 3.7 02 17 04 45 I EAft Pretmmary ***** M <3 M U IU 5» Europe Preliminary 1364.8 Q9 53
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  • Page 22 Advertisements
    • 1070 22 I fl jflljlj|B| BkJ *f I If —"•dpwHMH<i l^bmu- fl WrilfcaT MkW V^n I ULr 3»ll 1 1 jgpfe ■Kl 1 'V vi) ;;v < /Q\ NYK GROUP SOUTH ASIA PTE LTD \l' V7VV HJ IB *J' F TEL *****123 \r—ill JL JmLINE Ksxx?d m 3 A LINE Fax:6292 2856(RegtonaJsates)/*****109(0P5)/*****785(Documentation)
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  • Page 23 Advertisements
    • 1680 23 WAN HAI INTERNATIONAL PIE LTD at NO: **********0/R T1L*****5M (MUNIS) FAX:*****163 VAN > WAN HAI I INFn G to r S«rvk*/looUwg(DirectUrn- (1800)*****200 IIV I Iflll Mftl klllU NLIH: (03)'3344M11 FAX: (03) *****2 M PBI 1H: (04) *****00 FAX: |04)*****f4 V XJH TH: (07) 251W23 FAX: |07)2S1I«1 SURIH: (031) *****7S FAX:
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    • 221 23 jM.. P. T. DJAKARTA LLOYD (PERSERO) AUSTRALIA FULL CONTAINKR SERVICE As Agents Storship Agencies (MAL) Pie Ltd Operator Code: DJ CR NO. **********QH VSL |VOY SIN I IHG I FRI IM« I STP IMB I API NHHIOYD ADHJUW HIS 05/03 07/03 13/03 I 119/*****/*****/03 I AW. EOIEO 0305 14/03 14/03
      221 words
    • 2107 23 VESSEL VOY SIN JKT HKG KHH lIK KYH PUS VESSEL VOY SIN JKT SU» HKG DSN PUS HY MIDGE IQK 9/3 11/3 It/3 11/3 20/3 22/3 22/3 KMTC PUSAH 6Q3S 5/3 1/3 t/3 M/ 3 l»/3 19/3 HY VLADIVOSTOK 173S 14/3 11/3 73/3 25/3 27/3 29/3 29/3 KMT( SINGAPORE 603S
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  • Page 24 Advertisements
    • 908 24 (Asia) Pie Lid KS' 70 SlimHm Way, *21-03 Marfca Hovs* Singapore 0791 IS NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATE VISSfL VOT ISawooore Fro—rth Cocas Isload Chrisfos jjjj Jakarta CWisfai Idoad Pasir Gadaaa Island Exwtss 1E602 I Q2Jk LLMfll liM® I I
      908 words
    • 900 24 vtssn voy sw pgu vksb vor sw jut CSf 2301 0243P 25/07 26/02 PAC OMTAM *339 25/07 21/07 2AUANM UZ4* 25/02 25/02 «07 M PACtAMPA 1675H 26/02 27/02 nc >IWT JM M/ 03 107/03 sstm 5144? 2zzfi2 pi/0? 4&Sa JUr M— -MLMffiA !4ZM 28/02 21/9? g{ ~a/03~ u/S jausaa lea!
      900 words
    • 437 24 BSA x MYANMA ■H FIVE STAR UNE (Myannar Notional Line) Loading (or Yang on vtssa voy sii no. pin pgu OM SHWE HAW 90W SID PAGAN 349W SU IN MALAYSIA: lOUSTIAD SHIPPING AGENCIES KUI/PKL: 03-300 SUM PEN: 04-263U1S ACCEPTING CONVENTIONAL C6O VESa VOY MB SM PU KM TN ITU SIX
      437 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7091 25 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number To ABIDJAN (A8J) 2003 Cote D'lvoire 14/03 10/04 Delmas VERONIQUE DELMAS 615W *****344 IS/03 18/04 China Shpg CMACGM MAKASSAR SX219W *****898 22/03 22/04 Del mas NALA DELMAS 616W *****344 30/03 06/05
      7,091 words

  • executive lifestyle
    • Article, Illustration
      1730 26  -  The National Museum of Singapore will formally reopen its doors in December after a $118m makeover. PARVATHI NAYAR takes a peek at what visitors can expect of an icon that aims to be accessible to everyone PARVATHI NAYAR THE grand old lady is back, and promises to look
      1,730 words
  • Page 26 Advertisements

  • WINE
    • 1107 27  -  The wines from Weingut J J Prum impress N K YONG at the annual Raffles Hotel event recently N KYONG IT is interesting that the development of Singapore's wine culture has reached the stage where wine tastings and wine and food events are taking place
      1,107 words
    • 6284 27 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Stt Etfope Eqty! 0904/ Star Europe Bond 1.169* Star Ei*ope Bal 1.156 Star Asian liger Eqty 1.184/ Star Asia Bond 1308/ Star Asia Balanced 1 082/ Star Global Technology fund!" 0.211/ Mult] St Fd 1.041/ Sta Asia BonddJSD) 0.807/ Gto Mufti St
      6,284 words
  • Page 27 Advertisements
    • 30 27 fSJCJ2; DIT Europazins Best Bond Europe Fund over 5yrs category Allianz (j!i) rated AA by Standard Poor's. ciobai investors source: The Edge I ipper Sinyapoii'I mid Aw.ikIs ?00() no iwhi/h.^/
      30 words

  • CINEMA
    • 819 28  -  GEOFFREY EU predicts who they are GEOFFREY EU AS Tinseltown and the rest of the movie- watching world gear up for the 78th edition of the Academy awards this weekend (Monday morning Singapore time), and the various "noms" (that's industry-speak for nominees) work themselves up
      819 words
    • 517 28  -  By CHEAH UI-HOON THE butter is spread evenly across the bread, lavished with kaya, carefully cut into two triangular halves and placed lovingly on a tray, together with a cup of black kopi. While you're taking in this opening scene, you'll also notice
      517 words
    • 575 28  -  FILM REVIEWS By PARVATHI NAYAR STANLEY is just one surgery short of fully becoming Sabrina Claire Osborne, or Bree (Felicity Huffman of Desperate Housewives fame). She/he can hardly wait to fully liberate the woman that's been trapped in a man's body. But, as
      575 words
  • Page 28 Miscellaneous
    • 170 28 CRYPTIC CROSSWORD 11 Left with sombre German 21 They hope to find oriental 17 Supported retired American YESTERDAY'S SOLUTION Wlt h blemished reputation Across: 1 Shadow, 5 Paternal, 9 23 Mistresses of half the world 1 L—l 1 1 1 1 1 Tr^ es ty, 25Bare, 26 r Rebellious, 27
      170 words

  • PROFILE/ARTS
    • 1446 29  -  Master filmmaker David Puttnam talks to PARVATHI NAYAR about his time in the celluloid world, why he left it and his current concerns PARVATHI NAYAR /t ILMMAKING is like Jf I being in the circus. 1 You arrive, pitch Lggg your tent, do your
      YEN MENG JIIN  -  1,446 words
    • 290 29  -  THEATRE By PARVATHI NAYAR ROSNAH, a 1995 play written by The Necessary Stage's (TNS) Haresh Sharma, was one of the Singaporean offerings at the ongoing Ml Singapore Fringe Festival. The play deals with a young Malay Muslim woman from Singapore who travels to study in London, where
      290 words
    • 977 29  -  DANCE By CHEAH UI-HOON DANCE fans earlier this week got a glimpse of the potential in a new, and more mature, generation of local choreographers with former-Singapore Dance Theatre dancer Ricky Sim's Transparent Ground, which was showcased as half of a double bill
      977 words

  • FRENCH FLAIR
    • 1023 30  -  PARVATHI NAYAR checks out the elegant store concepts at three luxury French brands PARVATHI NAYAR FRENCH flair. The two words go together like, well, handbags and shoes or luxury and brand. We rely on famous French brand names such as Hermes or Dior or Louis Vuitton
      1,023 words
  • Page 30 Advertisements
    • 190 30 fH f|, Open up, (jj£ W The Megane Coupe-Cabriolet •>', f|> U jjf 3 J the world's first fully automated glass roof. j|||| Both an elegant thanks to Pillm ss roof that automat ca "Y opens on your t BK® 1 li°OTl ,and An 'nspiringly French driving experience that's i&JL
      190 words
    • 31 30 m Fernando Alonso 1 i 'Jul became the youngest WoHd Champion in Formula One history when he, of 24, clindied the 2005 FIA Drivers'' tide with the f- flnm.ilf Kenauitri team
      31 words