The Business Times, 18 August 2006

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Total Pages: 30
1 30 The Business Times
  • 20 1 THE BUSINESS TIMES mmth ANNIVERSARY Jb Friday August 18,2006 MICA (P) 099/03/2006 SINGAPORE 85 cents online at http://business-times.asia 1 .com^g
    20 words
  • 710 1  -  Grandson of late Y K Pao sinks roots here with family By GEORGE JOSEPH [SINGAPORE] The scion of a leading shipping family has quietly taken up residence here and has been guiding a major portion of the operations of one of the world's biggest
    710 words
  • 133 1 STI 2,470.65 (+17.22) ST INDEX FUTURES 2,465.00 (+17.00) SIMSCI 293.81 (+2.23) SIMSCI FUTURES 294.00 (+2.80) MARKETS Thursday Change KLSECOMP 942.08 +4.10 NIKKEI1225 1 6,020.84 -50.52 HANG SENG 17.373.05 -77.98 SET INDEX 709.01 -3.06 JAKARTA COMP Closed MANILA COMP 2,345% +2.45 SEOULCOMP 1,327.78 +12.17 SHENZHEN B 288.99 -1.52 MUMBAIIND
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  • 920 1  -  Setting up of 2nd law school, allowing hiring of top foreign lawyers among measures By WEE-LI-EN [SINGAPORE] The government will introduce sweeping measures to boost the supply of lawyers, in a bid to position Singapore as a world-class centre for legal services.
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  • TOP STORIES
    • 639 2  -  By DANIEL BUENAS [SINGAPORE] Singapore Management University (SMU) hopes to welcome its first cohort of law students in August next year, but incumbent National University of Singapore (NUS) does not see the proposed new law school as a threat. SMU submitted
      639 words
    • 495 2  -  By CHUANG PECK MING [SINGAPORE] Growth of Singapore's key non-oil domestic exports (NODX) eased to a disappointing 8.4 per cent in July from a year ago the second sin-gle-digit monthly growth this year pulled back by weaker shipments of electronics and drugs.
      Source: IE Singapore  -  495 words
    • 532 2  -  Move comes as the region seeks to regain its competitive edge By PAULINE NG in Kuala Lumpur TARIFFS on most of the electronic products traded between the six original Asean members will be abolished by January as the region seeks a competitive advantage
      532 words
    • 605 2 Wrsma Atria faces body blow from 1 -yr closure of MRT link THE heat is on Wisma Atria and its 74 per cent owner, listed Macquarie MEAG Prime Reit. The mall next to Orchard MRT Station could soon lose at least for a year or so its default
      605 words
    • 743 4  -  Passage to be sealed to facilitate piling for Orchard Turn: sources By KALPANA RASHIWALA [SINGAPORE] The heat is on Wisma Atria and its 74-per-cent owner, listed Mac-. quarie MEAG Prime Reit (MMP Reit). BT understands the mall next to
      YEN MENG JIIN  -  743 words
    • 505 4  -  By CHUANG PECK MING [SINGAPORE] Two in three employers in Singapore feel no obligation to help workers save enough for retirement, despite more workers looking to employers to fund their healthcare and retirement costs as the workforce ages,
      505 words
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  • Page 3 Advertisements
    • 1265 3 3^S~S~S J W—WW^—l^^Nl J r »T _y SK ThKJBI idW^^^Baifelfc-l^ffig^^#. 1 j*m- 1 SB /1 SS |j BTjjß BE?!s?^^s (Constituted in tha Rtpubßc of Singapore pursuant to a 6 February 2004 (at «rwndad)) I 1 I H I A I|| I [Tj Managed by B M I I I 1111
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  • Page 4 Advertisements
    • 45 4 cr i 3?> o fc -D E ■d0P rm V 7/ I i GEAR UP AT: Adidas Crumpler Fitness First Kettler Mizuno Motion Sports Nike Pan West The Planet Traveller World of Golf World of Sports Jf 290 Orchard Road Singapore *****9 Tel: 6738 5535
      45 words

  • COMPANY NEWS
    • 898 5  -  HOCK LOCK SIEW By SIOW LI SEN THE marketing sounds good. Together with insurer unit Great Eastern Holdings, OCBC Bank calls itself one of the top three consumer financial services providers in the combined Singapore-Ma-laysia market. Yet, however one cuts it, whether by assets,
      898 words
    • 667 5  -  Sesdaq has eight additions in 2005 versus AIM's 378: Grant Thornton By TEH HOOI LING LONDON'S Alternative Investment Market (AIM) remains the overwhelmingly popular listing destination for emerging companies of the world, attracting more than half of emerging companies which went public
      667 words
    • 478 6  -  Acquisitions to help company recycle scrap metal for S-E Asian car industry By CHEN HUIFEN A MONTH after completing its takeover by Advance SCT, scrap metal recycler Green World Holdings yesterday said it is buying two Malaysian firms in a reverse takeover
      478 words
    • 392 6  -  By ROLAND LIM SINGAPORE-BASED regional telecommunications service provider Pacific Internet (PacNet) yesterday reported a 64 per cent drop in sec-ond-quarter net profit to US$O.6 million, as it took a US$l.2 million charge to its Mediaßing takeover offer. The Nasdaq-listed company said the
      392 words
    • 238 6 Bloomberg [SINGAPORE] Advanced Info Service pel, Thailand's biggest mobile-phone operator, plans to sell as much as 13 billion baht (***** million) in bonds this month to fund its network expansion and repay due debt. The Bangkok-based company will sell 11
      Bloomberg  -  238 words
    • 798 6  -  By MICHELLE QUAH THE chief executive of integra2ooo, Kwok Kah Kie, has told BT he is not afraid of shareholders who want to oust him and continues to up his stake in the company. Mr Kwok has sent a personal letter to
      FILE PHOTO  -  798 words
    • 309 6 Reuters [SINGAPORE] Singapore property trust Frasers Centrepoint Trust is planning to raise about $300 million from the sale of mortgagebacked securities next month, sources told Reuters yesterday. The asset-backed fiveyear bonds will be used for working capital and for capital management, one
      Reuters  -  309 words
  • Page 5 Advertisements
    • 129 5 Terms Conditions: Prices stated are per person for a round trip Business Class to Los Angeles and New York for travel out of Singapore from 14 Aug. The return travel and hotel stay must be completed by 30 Oct 06 Bookings are to be made from 14 Aug 12 Sep
      129 words

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  • THE CFO INTERVIEW
    • 1263 7  -  HTL's financial controller Siew Peng Yim tells CHUANG PECK MING how he helped his company become more transparent to investors CHUANG PECK MING LIKE they say, show me the numbers. After all, who can quarrel with numbers being the clincher in a key decision or
      YEN MENG JIIN  -  1,263 words
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  • SINGAPORE MARKETS
    • 511 8  -  STOCKS Uncertainty continues with Fed-watching still determining stock trading strategies R SIVANITHY Senior Correspondent HOPES of a recovery in the tech sector yesterday boosted semiconductor stocks in a session where trading strategies continued to be dictated by guesses as to what the Federal Reserve might
      Source: Bloomberg  -  511 words
    • 997 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Aug 17 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell 000 Shr ('000) C000) Sea View 17-Aug-06 Serge Pun SA *****1 0.55 0 0.00 *****1 62.85 HG Metal 17-Aug-06 Tan
      997 words
    • Article, Illustration
      983 8  -  Compiled by MATTHEW PHAN OCBC Bank Aug 17 dose: $6.40 CIMB-GK RESEARCH, Aug 17 THE Great Eastern (GE) offer ends with OCBC taking its stake up to only 87.1 per cent. The lack of acceptances was somewhat disappointing. OCBC had 83.5 per cent of GE before it made
      Source: Bloomberg  -  983 words
    • 563 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar continued to chalk up painful losses in Asian trading yesterday after a trio of softer-than-expec-ted July numbers were released for the US economy overnight. When combined with an unusually large surge in the Chinese yuan for
      Source: Reuters  -  563 words

  • SINGAPORE NEWS
    • 534 9  -  By MATTHEW PHAN THE rules on reproducing the Singapore currency for advertisements and publications have been relaxed, the Monetary Authority of Singapore (MAS) said yesterday, as part of its overall aim to regulate with a lighter touch. As part of the changes, partial depictions of
      534 words
    • 316 9  -  By DANIEL BUENAS IN a move aimed at enhancing its standing as a research institute, the National University of Singapore (NUS) has launched eight prestigious professorships totalling $40 million in endowments as part of its centennial celebrations. The eight NUS Centennial Professorships, each endowed at
      316 words
    • 263 9 OWNERS of two residential developments on Cavenagh Road are joining forces to sell their apartment buildings as one large collective en bloc sale site. The owners of the 60unit Clemenceau Court have decided to launch their site next for
      263 words
    • SINGAPORE ROUNDUP
      • 57 9 AN AMENDMENT to clarify Singapore's current double-taxation agreement with New Zealand entered into effect yesterday. The amendment will help promote the flow of expertise between the two countries by removing the double taxation of services. The full text is available on the Inland Revenue
        57 words
      • 68 9 THIS year's Green Transport Week starts on v Sunday. During the week, which is organised by the Singapore Environment Council, motorists will be encouraged to opt for fuel-efficient vehicles or public transport. To plug the green message, there will be exhibitions, an Amazing Race-like
        68 words
      • 51 9 THE inaugural Singapore-Malaysia Ministry of Transport Games 2006 will be hosted by Singapore today and tomorrow. The games are planned to be held annually tb allow the two transport ministries to interact through sporting activities. Malaysia will send a 46-member team to Singapore for the
        51 words
      • 66 9 THE Feedback Unit announced the members of its newly created Feedback Supervisory Panel yesterday. The panel, appointed for a two-year term, is tasked to find better ways to engage Singaporeans beyond giving feedback. It has 21 new faces out of 24, is headed
        66 words
    • 534 9  -  David Miller is president of Lenovo Asia, to be based in Singapore By AMIT ROY CHOUDHURY LENOVO Group, the world's third largest computer maker, has hired two executives to head the company's operations in Asia and Japan from its rival the world's largest
      534 words
    • 391 9  -  By VEN SREENIVASAN A SIZEABLE number 65 per cent of the 1,701 note-holding members of Raffles Marina Ltd (RML) have become shareholding members of Raffles Marina Holdings (RMH). RML yesterday said 1,104 shareholders of RMH had signed up to the user agreement to
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  • Page 9 Advertisements
    • 851 9 >AT^ NOTICES IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 101 of 2006/ C In the matter of the Companies Act, (Cap 50) In the Matter of EAMACO SHIPPING CO PTE LTD UNfTB)TMBERTRADERS ...Plaintiffs And EAMACO SHIPPING CO PTE LTD (RCB NO. *****2877 D) Defendants
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    • 524 9 Ib The Matter Of The Companies Act, Cap. 50 Aad la The Matter Of TECHJUCH ENTERPRISES PTE LTD (In Creditor!' Voluntary Liquidation) (Co. Re*. No. 1994M357G) Notice of Resolution At an Extraordinary General Meeting of the member* of the abovenamed Company duly convened and held on the 14th day of
      524 words

  • ECONOMY WATCH
    • 495 10  -  'Fear factor' will ensure oil prices remain high, says economist By NEIL BEHRMANN in London THE price of crude oil will rise to US$BO a barrel by the end of the year despite the Middle East ceasefire, according to consensus forecasts. A survey
      AFP  -  495 words
    • 303 10 AP [BEIJING] China has reprimanded officials in the Inner Mongolia region for building an unauthorised power plant and warned others against similar projects amid attempts to cool the overheated economy, state media said yesterday. The warning was issued on Wednesday during a meeting
      AP  -  303 words
    • 829 10 Panic for gold seen as dollar runs into major trouble Reuters [NEW YORK] Richard Russell is feeling like less of a loner these days. The founder and scribe of the Dow Theory Letters. which examine stockmarket trends, has been warning
      Reuters; AP  -  829 words
  • Page 10 Advertisements
    • 1592 10 :#iATCi 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 TRADE CENTRE SYSTEMS HOLDINGS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 47 Hill Street #05-01, Singapore
      1,592 words
    • 650 10 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF RAFFLES CORPORATION (USA) PTE LTD (In Members' Voluntary Liquidation) (Company Registration No. *****0352N) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held pursuant to Section
      650 words

  • MALAYSIA/INDONESIA
    • 504 11 Move will come when earnings are sizeable and sustainable: CEO [PETALING JAYA] IJM Corp Bhd may consider listing its Indian unit during the fiscal year ending March 31, 2008, The Star reported chief executive officer and managing director Krishnan Tan as saying. "The business
      504 words
    • 1066 11  -  It is at the top of Mesdaq and meets Main Board criteria By PAULINE NG in Kuala Lumpur PUAN Chan Cheong strongly believes he's in possession of a radical disruptive technology. The group managing director and chief executive officer of Green Packet (GP) has
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    • 261 11 Bloomberg [JAKARTA] The Indonesian government is seeking the Supreme Court's opinion before it changes a rule that would allow state-run banks such as PT Bank Mandiri, the nation's biggest lender, to forgive part of their bad loans. "The Supreme Court
      Bloomberg  -  261 words
    • 421 11 Reuters [JAKARTA] Indonesian plantation firm PT Perusahaan Perkebunan London Sumatra (Lonsum) said on Wednesday it has obtained US$l5O million worth of syndicated loans to help finance its new factories and refinance its loans. Lonsum said the five-year loans had come from a consortium of
      Reuters  -  421 words
    • BRIEFLY ASIA
      • 72 11 AFP [KUALA LUMPUR] India is citing the fear of political fallout and its suicide epidemic among farmers as obstacles to hammering out a free-trade deal with South-east Asia, officials said yesterday. The agreement between India and the 10-member Asean is scheduled to come into
        AFP  -  72 words
      • 55 11 Reuters [HONG KONG] China Merchants Bank Co Ltd, the country's No 6 lender, won Hong Kong stock exchange approval for a share sale expected to be worth about US$2 billion and plans to begin pre-marketing its deal next week, sources familiar with
        Reuters  -  55 words
      • 70 11 Reuters [HONG KONG] The state-owned parent of China's Citic Bank yesterday said that it is in talks with foreign financial institutions, including Barclays pic, about selling a minority stake in the lender before an initial public offering expected to be worth
        Reuters  -  70 words
      • 69 11 Reuters [MUMBAI] Investment bank Goldman Sachs has bought a 3.7 per cent stake in India's Infrastructure Development Finance Co Ltd for about U5552.5 million, a source familiar with the deal said yesterday. Goldman, which said in March it aimed to invest US$l billion
        Reuters  -  69 words
      • 60 11 AFP [HONG KONG] China Mobile, the nation's largest mobile phone operator, yesterday posted a 25.5 per cent rise in first-half net profit to 30.17 billion yuan (555.9 billion). The result was on the back of growth in operating revenue and subscriber numbers and was
        AFP  -  60 words
    • 2271 11 vol General Coip .0.59 0.01 19 Af 17 H W- Cm* Genting 34.70 0.S0 313 taorge Kent 0.50 0.02 33 A 4M Realty MS unch 0 GHL Systems .0.22 -0.02 2412 A 032 43 GtobetronksTech .030 -0.01 644 ACP Industries X79 -0.03 106 GlomacBhd 1.12 unch 152 Advance
      2,271 words

  • GREATER CHINA
    • 619 12  -  20% drop in VIP revenue at end July, a third of VIP halls face bankruptcy By JANE MOIR in Hong Kong CASINO mogul Stanley Ho is feeling the heat from glitzy Las Vegas rivals as they grab a greater slice of Macau's lucrative
      619 words
    • 253 12 [HONG KONG] Billionaire Nina Wang has failed in a bid to find out who bankrolled her father-in-law's attempt to gain control of her late husband's HK$23 billion (554.7 billion) empire, the South China Morning Post reports. But Wednesday's ruling by acting chief justice
      253 words
    • 405 12 [HONG KONG] Sportswear manufacturer Win Hanverky and Cambodian casino operator NagaCorp, which failed to secure a listing in Singapore in 2003, plan to tap the market for a combined HK$l.4B billion (*****.3 million) in initial public offerings next week, beginning a fresh round
      405 words
    • 496 12 Reuters [SHANGHAI] A legal battle is brewing between Yahoo Inc and the former head of its China operations, who filed a lawsuit against his ex-employer yesterday as Yahoo prepared to answer with its own suit. Zhou Hongyi took his legal action in
      Reuters; AP  -  496 words
    • 254 12 Reuters [BEIJING] China's cabinet has punished Inner Mongolia's governor and his lieutenants, in the central government's first crackdown on provincial leaders for failing to enforce policies aimed at slowing growth in the world's fourth-largest economy. Vice-Premier Zeng Peiyan has urged local governments to rein
      Reuters  -  254 words
    • 354 12 Reuters [BEIJING] China will discuss later this year whether to establish a super agency to improve financial regulatory coordination, according to government officials and economists. A project team under the State Council, China's cabinet. is working, on the proposal as part of
      Reuters  -  354 words
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  • INDIA
    • 444 13  -  Firms raised US$3.3b from overseas markets in April and May By SIDDHARTH SRIVASTAVA in New Delhi MORE than 100 Indian companies are eyeing a listing on US stock exchanges including Nasdaq, and have started posting earnings according to the US Generally Accepted Accounting Principles (US
      444 words
    • 154 13 Reuters INDIA'S central bank has approved the appointment of HSBC's new Indian head, Naina Lai Kidwai, after she agreed to bow to the regulator's demands and quit the board of food maker Nestle, HSBC said. HSBC appointed Ms Kidwai in May and
      Reuters  -  154 words
    • 436 13 Bloomberg [NEW DELHI] India has to be "careful" when imposing curbs on the sale of beverages made by Coca-Cola Co and PepsiCo Inc, the world's two biggest softdrink makers, because such restrictions worry overseas investors, Trade Minister Kamal Nath said. Local authorities in
      Bloomberg  -  436 words
    • 5601 13 UNIT TRUSTS FUNDS abaow mam* a eur 6.66/ AS Amer Income B EUR 6661 »mn M -u,.ii"lliI AB Europ Income Opp AT SGD 1508/ ABU Amro Asset Mgt (5 pore) AB Euroo Income Odd BT SCO 15 08/ Star Europe Eqty." 1962/ AB Europ Income Opp AI EUR ZZ Star
      5,601 words
  • Page 13 Advertisements
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      31 words

  • ASIA-PACIFIC/WORLD
    • 553 14 LATEST US DATA Index of Leading Economic Indicators falls 0.1% against expectation AP [NEW YORK] An indicator of future economic activity dipped in July, a private research group reported yesterday, in the latest sign that US economic growth is cooling off. The Conference
      AP  -  553 words
    • 547 14 TAKEOVERS AP, Bloomberg, Reuters [MELBOURNE] Australian retailer Coles Myer has been approached by a potential buyer, the company said yesterday. Analysts said the deal could be worth A 516.5 billion (5519.9 billion). Shares of the Mel-bourne-based retailer surged a record 12 per cent, valuing the
      AP, Bloomberg, Reuters; BLOOMBERG  -  547 words
    • 332 14 Reuters [BANGKOK] Thai Prime Minister Thaksin Shinawatra said yesterday he was ready to push back the general election re-run scheduled for October 15 if the new Election Commission could not make it happen on time. Mr Thaksin, wrapping up a campaign foray in
      Reuters  -  332 words
    • 538 14 Bloomberg »[MANILA] Baguio Gold Holdings Corp, a company owned by the Philippines' richest man Lucio Tan, has agreed to acquire 81.57 per cent of Philippine Airlines Inc, the nation's biggest carrier. Baguio Gold directors yesterday approved the purchase of six companies that own
      Bloomberg  -  538 words
    • 312 14 Reuters. Bloomberg [LONDON] A private-equity consortium is holding talks with UK cable company NTL about a potential £10 billion (5529.8 billion) takeover, sources close to the deal said yesterday. That would be Europe's biggest leveraged buyout, "It's just a question of NTL deciding
      Reuters.; Bloomberg  -  312 words
    • 384 14 To maintain Aids war, it must make newer drugs: bank Bloomberg [GENEVA] The World Bank has said that the Thai government should consider breaking pharmaceutical company patents and making newer, more expensive HIV drugs itself to maintain its successful programme to supply medicine to
      Bloomberg  -  384 words
    • WORLD WATCH
      • 66 14 Bernama [KUALA LUMPUR] South Korea will sign a free trade agreement (FTA) in trade and goods with Asean next week although Thailand has chosen to be excluded following inconclusive negotiations on the issue of rice. "Even without Thailand, the agreement will go on but we
        Bernama  -  66 words
      • 82 14 Reuters [MANILA] Philippine conglomerate Ayala Corp and its property arm Ayala Land yesterday said they will jointly invest up to US$75 million in a private equity fund that will invest in property markets overseas. The Ayala group said the fund management firm, ARCH Capital
        Reuters  -  82 words
      • 75 14 AP [SYDNEY] Australian Stock Exchange yesterday announced its full-year earnings fell 19 per cent to A 5135.5 million (Ssl63 million) for the fiscal year ending June 30. The ASX, which operates the national bourse and the Sydney Futures Exchange, said the earnings drop reflected
        AP  -  75 words
      • 111 14 Bloomberg [CANBERRA] Australia may put its As2s billion (Ss3o billion) stake in Telstra Corp in a state-run investment fund, rather than selling stock in a public offer, Treasurer Peter Costello said after the shares closed at a record low. The government's
        Bloomberg  -  111 words
      • 90 14 Reuters [TOKYO] Japan, the world's third-largest oil consumer, will set out nationwide biodiesel standards this year in an effort to kick-start demand, but will not force refiners to sell it, government officials said yesterday. Lagging international moves to use more biofuel to battle
        Reuters  -  90 words

  • ASIA-PACIFIC/WORLD
    • 713 15 Shrinking market shares and stalled volume growth dog the S Korean firms Reuters [SEOUL] Wrestling with falling mobile phone sales and shrinking market shares, South Korea's Samsung and LG yearn for the days when their high-tech, pricey phones were the talk of the
      Reuters  -  713 words
    • 33 15 [MUNICH]Nine-year-old Anna Lena walks in the art project "Beben by German artist Benjamin Bergmann in Munich on Wednesday. "Beben "(quake) is a huge walkable megaphone, in show until October2oo6. AP
      AP  -  33 words
    • 453 15 Strong printer and laptop sales almost double earnings AP [SAN JOSE, California] Hewlett-Packard Co (HP) beat Wall Street's expectations on Wednesday, when the computer maker reported that fiscal thirdquarter profit surged on strong printer and laptop sales. The company's shares gained more than
      AP  -  453 words
    • 256 15 Bloomberg [TOKYO] Royal Philips Electronics NV may have approached Matsushita Electric Industrial Co and private equity funds to sell its stake in LG.Philips LCD Co, according to a Merrill Lynch Co internal note. "We're hearing that Philips tapped all the various
      Bloomberg  -  256 words
    • 246 15 AFP [JERUSALEM] Israeli Prime Minister Ehud Olmert and his wife are to be summoned for questioning by the government's top watchdog over a property deal, a newspaper said yesterday. State comptroller Micha Lindenstrauss is looking into how Mr Olmert—a former
      AFP  -  246 words
    • 603 15 Analysts estimate that recall could run to US$200-400m AP [DALLAS] Dell Inc's unprecedented recall of 4.1 million faulty laptop batteries is creating headaches for its corporate customers who have come to rely on notebook PCs as an indispensable part of doing business. Information technology
      AP  -  603 words
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  • AVIATION
    • 687 16 Aussie airline to slash more jobs; expects flat earnings this year Reuters [SYDNEY] Qantas Airways said yesterday annual profit fell 30 per cent on higher fuel and redundancy costs and said it planned to slash more jobs, including more than 1,000 management
      Reuters; AFP  -  687 words
    • 324 16 Bloomberg [TOKYO] Japan Airlines Corp (JAL), reeling from two years of losses in three, plans to raise fuel surcharges and reduce its flights to Chicago and Manila, as it tries to return to profit. JAL will end its service from Nagoya to Manila,
      Bloomberg  -  324 words
    • 489 16 AFP [FRANKFURT] The German airline industry looked set for further consolidation yesterday as the country's number two and three airlines, low-cost carriers Air Berlin and DBA, said they planned to merge. Air Berlin, Europe's number three low-cost carrier, said in a statement
      AFP  -  489 words
    • 164 16 AFP [LONDON] Flights were virtually back to normal 'yesterday at major British airports, fully a week after police thwarted an alleged plot to put Islamist suicide bombers on US-bound airliners. British Airways (BA), which had scratched more than 1,900 flights over the
      AFP  -  164 words
    • 459 16 Oil price hikes have hit sentiment for airline counters Reuters [SHANGHAI] Air China Ltd, the country's flag carrier, is set to receive a lukewarm reception when it lists in Shanghai today, dogged by concern about the airline industry and weakness in its Hong
      Reuters; AFP  -  459 words
    • 2098 16 CUT PUMT CTA RIGHT «TB GA840 1640 5Q146 1640 QF137 1805 GA841 17SS .1- frucc VF542 2205 5Q148 1900 L>W771 1750 1*9770 2345 "Z <%£ -j§» fin=Sf BP- l 5ii is A £?sl§ AZ3992 1530 L***** 2345 W 375 j} 54 °°$J E M ora Sio
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  • SHIPPING
    • 492 17  -  Leading maritime liability insurer says its membership here is growing By DONALD URQUHART [SINGAPORE] Reflecting Singapore's growing importance in the maritime world, major Norwegian maritime liability insurer, Skuld has announced it will open a representative office here in late September. Skuld
      492 words
    • 636 17 AFP [NUEVA VALENCIA, Philippines] The Philippines said yesterday that a massive oil spill could get much worse without urgent help to lift a stricken tanker, still loaded with fuel, off the ocean floor. The spill, which has already devastated nature sites and covered
      AFP; AP  -  636 words
    • 394 17 Reuters [SINGAPORE] Singapore, Malaysia and Indonesia should be wary of seeking external funding to help patrol the Malacca Strait as it could undermine their sovereignty, a top Asian shipping official said. "We have to be very careful here," said Teo Siong Seng,
      Reuters  -  394 words
    • 283 17 SGX '000 Aug 17 SS «f Vol CH Offshore 0.35 ureh 129 Chuan Hup 0.33 unch 918 Cosco Corporation 1.50 -0.03 6903 CWT Distribution 0.64 0.02 139 Ezra Hldgs 2.79 unch 575 Freight links 0.07 0.01 543 Grand Banks Yacht 0.87 unch 7 Jaya Holdings 1.35 0.01 486
      283 words
    • 486 17 It will issue RM170m of Islamic bonds for capital Reuters [KUALA LUMPUR] Small Malaysian shipping company Nepline Bhd expects to return to profit next year and plans to issue RMI7O million (5575.34 million) in Islamic bonds te expand its fleet Nepline, which has a
      Reuters  -  486 words
    • 873 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR A US appeals court last month ruled that two other federal statutes should take precedence over the Carriage of Goods by Sea Act (COGSA) to determine a railroad company's liability after a train derailment damaged 32 tractors being
      873 words

  • EDITORIAL & OPINION
    • 566 18 EDITORIAL OCBC Bank's failed bid to take Great Eastern Holdings private has exposed an ambiguity in prevailing rules governing takeovers where the aim is an eventual delisting of the target company. The source of the problem is inconsistency between the Singapore Exchange's Listing Manual and
      566 words
    • 768 18  -  THE BOTTOM LINE FRANK CHING FOLLOWING the Chinese press, one sometimes gets totally depressed and feels that there is no hope for the country, with its myriad problems. At other times, the opposite is true. This week, it is a mix. On
      768 words
    • 967 18  -  Outcry over Koizumi's visits to Yasukuni shrine scuttles region's attempts to work together WILLIAM PESEK JR GET ready for summit season in Asia. Starting next month, the annual barrage of meetings of the Association of South-east Asian Nations (Asean), the Asia-Pacific Economic
      AP  -  967 words
    • 1196 19  -  The reasons supporting the claims for India's NPT exclusion are open to doubt By DEEPAK NAIR THE ability to make an exception has been a defining quality of absolute political power. Individual states establish their sovereign power by making exceptions within their territory,
      PHOTOS: BLOOMBERG  -  1,196 words
    • 853 19  -  By JULIA E SWEIG AMERICA'S moral standing in the world has precipitously declined since 2001. For starters, blame the Bush administration's go-it-alone tough talk after Sept 11, contempt for the Kyoto accord, war and then chaos in Iraq, secret prisons in
      853 words
    • 140 19  -  LETTER TO THE EDITOR G N Setly Sydney, Australia TRADING on the Singapore Exchange (SGX) closes at spm. Every weekday, most listed companies release their announcements after spm. Even assuming stockmarket analysts work until 6pm, they hardly have any time to read,
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  • 9958 20 SGX MAINBOARD Transaction date: Aug 17 52-Wk Tel Last Vol Day Last Quote Div GrVtd Net MCap High Low Code Company Salt fOOO) (Ugh low »uyr Cvr P/t Smll 4 1 S716 1st Software 2.5 +0.5 25 2.5 2 2 2.5 10.1 11.5 6 3148 STelecom 7.5 +0
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  • 6057 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES I* bcai cot to SJ In USS dy yr dy yr dy %yr Aug 16 Index Change Change Puny Change Chang* Oxnge World tnctex Pietiminary <0047 OS 3.6 0.5 1.4 0.7 7.2 tEAfE Prelimrary 1016.7 0.7 4.5 0.9 5.9 1 1 11.9 Europe
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  • Page 22 Advertisements
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  • THE BUSINESS TIMES SHIPPING TIMES
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  • ARTS
    • 462 26  -  THEATRE What begins as a nightmare goes on to dissect what dreams are fuelled by, writes PARVATHI NAYAR PARVATHI NAYAR MARK Murphy's Nightshift presented at the Esplanade Theatre Studios over the weekend begins as a repetitive nightmare, then dissects the brutality of the real world that
      462 words
    • 437 26  -  By KARMEN CHENG IF Waiting for Godot is all that you associate Samuel Beckett with, then check out an upcoming buffet of the playwright's other works. The highly-acclaimed The Beckett Project is being staged next week and on the agenda are
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    • 361 26  -  MUSIC By KARMEN CHENG WHEN Womad rolls into Fort Canning Park next week, one musician to look out for would be Chico Cesar, the 42-year-old Brazilian songwriter hailing from the north-eastern state of Paraiba. < Already making music at age 8 with his
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  • Page 26 Advertisements
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    • 479 26 NO I ICES IN THE MATTER Of THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER Of PROMEET SINGAPORE PTE LTD (Co. lU9. No. *****1311K) NOTICE Of RESOLUTIONS At on Extraordinary General Mooting of the members of Promeet Singapore Pie Ltd duly convened and hold on 16 August 2006 at
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  • CINEMA
    • 309 27  -  By KIIRA GUSTAFSON GARY (Vince Vaughn) pursues Brooke (Jennifer Aniston) at a baseball game with hot dogs and bullet-fast banter. Fast forward their entire relationship through snapshots during the opening credits, and that's where the film starts. Without any base to their
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    • 329 27  -  DVD By PARVATHI NAYAR L 'ENFANT— or The Child —is an uncompromising slice of life, shot on hand-held camera by Belgian brothers Jean-Pierre and Luc Dardenne. The movie won the Palme d'Or for best film at the 2005 Cannes Film Festival. Everything about it
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    • 614 27  -  The Wim Wenders film is less compelling than some of his better works, says PARVATHI NAYAR PARVATHI NAYAR A WIM Wenders film is a particular kind of pleasure, enjoyed like a single malt served neat, with its complexities to be savoured at leisure. More pragmatically,
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  • BOOKS
    • 1811 28  -  The publishing world is seeing a literary buzz of a new kind. Popular blogs have found their way to print format, reports SWATI CHAUDHARY. Below are reviews of two blooks SWATI CHAUDHARY. EVEN as the current hype over blogs, personal websites and the unprecedented
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    • 400 28 A fortnightly listing of the latest books available in S'pore NON-ACTION Southeast Asian Affairs 2006 Edited by I)aljit Singh and Lorraine C Salazar ($41.90) Annual reference guide for policy-makers, scholars, analysts, journalists on issues and events of the previous year in Southeast Asian countries, and also a macro
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  • Page 28 Advertisements
    • 231 28 Diners Club Card To apply, call 6416 0980 I A World of Exclusive Privileges Treats Diners Club wtctacliners.com.sg SiJei JtaQonat i 60 Reasons To Feast Again Savour delectable dishes in our popular *60 Dishes Deluxe Feast' such as Braised Shark's Fin Soup with Crabmeat. Shredded Pork with Garlic 6c Chilli
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  • Page 28 Miscellaneous
    • 310 28 CRYPTIC CROSSWORD 3 Kind of tactics girl needed to 1 Missing, away from one s French boyfriend (6) base (8) 4 Strong belief that goes into 5 It may be got by breaking the one's record (10) tew 6 Switch d and s? (8) 9 Inhabitants of this Asian 7
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  • WINE
    • 500 29  -  off the cuff jaime ee IT'S not an easy time for air travellers. In the good old days, we just had to worry about deep vein thrombosis, bad inflight service and picking a sympa-thetic-looking check-in staff who might overlook the excess 10 kg in our
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    • 973 29  -  It eschews power and muscle in favour of breed and great style, says N K YONG N K YONG REPORTING on a great vintage is a piece of cake. The vintage speaks for itself, and the press have already preempted what you want to
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  • Page 29 Advertisements
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  • executive lifestyle
    • Article, Illustration
      1810 30  -  PARVATHI NAYAR looks at some of the positive signs taking place in the local film industry PARVATHI NAYAR "I HAVE a strong gut feel that the time of the Singapore movie industry is coming; after 30 years in the media scene, I can sense there is a
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