The Business Times, 19 August 2006

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Total Pages: 20
1 20 The Business Times
  • 21 1 THE BUSINESS TIMES weekend Vth ANNIVERSARY 5) SINGAPORE 85 cents MICA (P) 099/03/2006 August 19-20, 2006 online at http://business-times.asia 1 com.sg
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  • 1016 1  -  Private previews can do what public launches can't By ARTHUR SIM [SINGAPORE] With all the hype about the high-end property market these days, one would expect to see lines of buyers snaking around showflats, just like the "good old days" of the mid-*****. But
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  • 610 1  -  Uncertainty over size of foreign shareholding in AIS By SIOW LI SEN in Singapore and OUR CORRESPONDENT in Bangkok THAILAND'S leading mobile phone company, Advanced Info Service (AIS), may face delays in getting access to additional mobile numbers as a result of the
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  • 135 1 STI 2,483.53 (+12.88) ST INDEX FUTURES 2,478.00 (+13.00) SIMSCI 295.37 (+1.56) SIMSCI FUTURES 294.70 (+0.70) MARKETS Friday Change KLSE COMP 942.00 -0.08 NIKKEI 225 16,105.98 +85.14 HANG SENG 17,330.70 -42.35 SET INDEX 706.49 -0.52 JAKARTA COMP Closed MANILA COMP 2,329.90 -16.06 SEOUL COMP 1,331.10 +3.32 SHENZHEN B 289.13
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  • 655 1  -  By WEE LI-EN [SINGAPORE] With Singapore lawyers already active in places from China to Indonesia, the Middle East is now seen as another area of expansion. One leading lawyer, Andre Maniam, partner at Wong Partnership, told BT: "The Middle East will be
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  • TOP STORIES
    • 396 2 US has accused Great Wall Airlines' parent of supplying missile parts to Iran Bloomberg SINGAPORE Airlines (SIA), owner of the world's thirdlargest international air freight carrier, said its cargo venture in China will suspend operations after the US accused SlA's Chinese partner
      Bloomberg  -  396 words
    • 48 2 IN the table accompanying the article "Bigger and more frequent dividends paid" (BT, Aug 17), Lee Metal's share price should have been 10 cents, not 35.5 cents. And its dividend yield should have been 10 per cent, not 2.8 per cent. We are sorry for the errors.
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    • 913 2  -  By ANNA TEO [SINGAPORE] Hong Kong emerged tops by far followed by Taiwan and Singapore in a new competitiveness study of 79 Asian economies, including 66 Chinese provinces and Indian states. While Singapore came up most competitive in two of the four factors
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    • 944 2  -  SATURDAY SOAPBOX By CORRINE KERK SO, IT all comes down to this, huh. A case of "my plastic bag is better than yours". It's Saturday evening at a very chaotic London Heathrow airport, just a couple of days after what is
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    • 604 2 Whistleblowing?. Who you gonna call? MICHELLE QUAH writes about the need to protect the identity of whistleblowers and to shelter them from reprisals and discusses the difficulties in enforcing such protection. COMPANY NEWS, f>G 4 Pacific Healthcare enters JV with Prestige PACIFIC Healthcare's acquisition of a 70 per
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  • RAFFLES CONVERSATION
    • 2369 3  -  After piloting a whole new era in wealth management, Deepak Sharma is now charting a new course to grab a large slice of the fastest growing area in the financial services sector, says CONRAD RAJ CONRAD RAJ THE son of an army officer, Deepak Sharma's
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  • Page 3 Advertisements
    • 61 3 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels and Resorts. The Traveller's Palm in the Raffles Hotels and Resorts logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in
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  • COMPANY NEWS
    • 927 4  -  CORPORATE ANALYSIS Identify how whistleblowing protection can be made more effective, writes MICHELLE QUAH MICHELLE QUAH THE passion behind the call for whistleblowing laws in Singapore has ebbed and flowed in the last few years or so almost appearing to come in waves as, every
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    • 347 4  -  By MICHELLE QUAH THE Institute of Certified Public Accountants of Singapore (ICPAS), a strong advocate of best corporate governance practices here, yesterday sent a reminder to directors of companies to take their responsibilities seriously. The institute's corporate governance committee, made up of
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    • 424 4  -  STOCKS TEH HOOI LING Senior Correspondent INVESTORS are slowly returning as market uncertainties are reduced following a clearer picture emerging from the US economy and the easing of oil prices. The Straits Times Index (STI) rose for a third day, up by 12.88 points
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    • 372 4  -  By MATTHEW PHAN SINGAPORE Technologies Aerospace (ST Aero), a subsidiary of ST Engineering (STE), is opening a facility in Panama to provide heavy maintenance services to aircraft operators in the Americas, it said yesterday. The facility, named Panama Aerospace Engineering (PAE), is
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    • COMPANY BRIEFS
      • 55 4 OLAM has signed a letter of intent with Taloca Cia Limitada (TAB), a subsidiary of KraftFoods International, to acquire its green coffefe processing unit in Colombia. TAB annually processes 21,000 tonnes of processed green coffee. At full capacity, the facility will generate revenues of
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      • 61 4 SINCERE Watch has appointed S Chandra Das, former chairman of NTUC Fair Price, as an independent non-executive director. It also named Teng Chee Kiong, currently senior vice-president for corporate development in Sincere Watch, as an executive director. Lua Cheng Eng has retired as independent
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      • 46 4 KEPPEL Telecommunications Transportation's unit Keppel Telecoms between July 24 and Aug 15 bought about 15.7 million additional shares in Mobile One on the open market at a cost of nearly $31.1 million an average price of $1,983 per share.
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      • 100 4 YOMA Strategic Holdings (formerly known as Sea View Hotel) has seen changes in directors, following the completion of its acquisition of Yoma Strategic Investments. The new directors include Serge Pun, who will be listed Yoma Strategic Hldgs' CEO and executive director; Kyi Aye, Ambrose Wang
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      • 53 4 BRITISH and Malayan Trustees (BMT) saw a 16 per cent drop in net profit for the year ended June 2006 to $1 million, due to lower income from trust activities. Revenue slipped 13 per cent to $2.9 million. BMT has declared a
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    • 244 4 AURIC Pacific yesterday posted updated second quarter results incorporating results of its 29.9 per cent new associate Robinson Co. Auric posted group net loss of $3.3 million for the quarter ended June 2006, against a $3.4 million net profit for the
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    • 291 4  -  By MATTHEW PHAN MULPHA Australia, a wholly owned subsidiary of Mulpha International, a real estate and financial services group listed in Malaysia, has made an off-market, cash offer for all the issued .shares of Australia-listed Grand Hotel Group (GHG), which is 25.04
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    • 383 5  -  HEALTHCARE PLAY It will acquire 70% stake in Shanghai Kanglian Hospital through Prestige instead of SHSCC By NANDE KHIN PACIFIC Healthcare Holdings' acquisition of a 70 per cent stake in Shanghai Kanglian Hospital will be now made through a new unit Prestige Healthcare Investments
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    • 272 5  -  By CHEW XIANG THE biotech arm of Singapore-listed WBL Corporation yesterday said its traditional Chinese medicine product Hypo Col has been clinically proven in Em-ope to reduce blood cholesterol. Wearnes Biotech Medicals managing director Hoong Bee Tech said the results "would help pave
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    • 621 5  -  By KALPANA RASHIWALA THE owners of the Wisma Atria shopping mall are planning how to keep customer numbers up during the closure of the base-ment-level link to Orchard MRT Station when construction work starts on the Orchard Turn site. Macquarie MEAG Prime Real
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  • PERSONAL INVESTMENT
    • Article, Illustration
      999 6  -  Compiled by MATTHEW PHAN Youcan Foods International Aug 18 dose: 24.5 cents PHILLIP SECURITIES RESEARCH, Aug 18 YOUCAN entered the local ice-cream scene in late June with seven of its ice-cream varieties (mainly Asian flavours). Currently, Youcan ice-cream can be found readily in our local supermarkets, hypermarkets and
      Source: Bloomberg  -  999 words
    • 1034 6 For week beginning Aug 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial luy No of Mco SHA*EMOLDING Trans Shareholder/ Soil Shartf Par Mora Aftar stock Data Director Con* '000 Shr S 000) 000) CIH Ltd 18-Aug-06 Gold Peak Ind Hldgs *Buy 1318 na ***** 69.54 9] 203 70.56 CIH
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    • 1163 6  -  SHOW ME THE MONEY TEH HOOI LING Senior Correspondent SOME US$5.4 billion worth of equities have been issued on the Singapore Exchange so far this year, according to data from Bloomberg. That's more than the US$4.3 billion raised for the whole of last year.
      Source: Compiled by BT with data from Bloomberg  -  1,163 words
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  • BT INVESTMENT ROUNDTABLE
    • 3354 7 OVERVIEW i IN THE last few years, thematic investing has been closely asso- 1 ciated with manias that seize markets now and then, and end badly. Yet today you can find portfolios driven single-mind- edly by themes, and the country or geographical choices are secondary. What
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  • SINGAPORE NEWS
    • 464 8  -  By WONG WEI KONG THE long-drawn-out hearing by the Singapore High Court in the case against Deutsche Bank over the sale of shares in Indonesia's biggest coal mine yesterday took another twist. Singapore-registered Beckkett Pte Ltd, which is suing Deutsche and Indonesian company
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    • 599 8  -  Move will give owners of old flats fresh 99-year lease and allow them to enjoy subsidy again By DANIEL BUENAS AS SINGAPORE'S economy progresses, the government will continue to upgrade Singaporeans' assets by stepping up the Selective En-bloc Redevelopment Scheme (Sers) and
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    • 356 8  -  By NANDE KHIN WITH just a little more than seven months to go before Singapore Post Ltd's (SingPost) monopoly licence to provide basic mail services here expires, the Infocomm Development Authority of Singapore (IDA) is seeking feedback on whether the basic mail services
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    • 549 8  -  By DONALD URQUHART THE American aircraft maker Boeing has announced it is to ditch its money-losing Internet-ac-cess service, unplugging airlines including Singapore Airlines, Lufthansa and ANA of Japan from high-altitude cyberspace. Boeing said it had decided to give up
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    • 161 8 THE Singapore Mediation Centre (SMC) yesterday officially launched the Small Case Commercial Mediation Scheme (SCCMS) for cases involving $30,000 or less. SMC chairman Andrew Ang said the SCCMS is a cost-effective solution for those who want their disputes mediated but whose claims were previously too small given
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    • 466 8  -  By KALPANA RASHIWALA THE collective sale market continues to buzz with Far East Organization yesterday inking a conditional deal to purchase the freehold Rose Garden in the Katong area for $169.8 million or $423 psf of potential gross floor
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    • SINGAPORE ROUNDUP
  • Page 8 Advertisements
    • 59 8 BTR&tiy; I t ;vi '-...v -1 I r i Celebrate BT's 30 th anniversary with $30 delights at The Marina Mandarin Ss3o nett semi buffet lunch at Ristorante Bologna (valid on weekdays only) Ss3o nett buffet lunch at AquaMarine (valid on weekdays only) Ss3o nett set lunch at Peach Blossoms
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  • FACES GOING PLACES
    • 1428 9  -  Each dynamic in their own right, MELISSA LWEE finds out what makes these five faces a cut above the rest in the services industry MELISSA LWEE ANDREW ING 39 COO, Power Concepts IF IT were up to him, Andrew Ing would have worked in an advertising
      YEN MENG JIIN  -  1,428 words
  • Page 9 Advertisements
    • 33 9 OUR BUSINESS IS TO GROW OUR PARTNERS' BUSINESS Like any other company, our customers are the heart and soul of our business. At HTL, we're passionate and committed to furthering our partners' growth.
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    • 28 9 This is the third of a six-part series jointly brought to you by The Business Times and HTL International, as part of the two companies' 30th anniversary commemoration.
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  • MALAYSIA
    • 858 10  -  Bumiputra policy will continue to be key element, indicates Abdullah By PAULINE NG in Kuala Lumpur MALAYSIA unveiled its Third Industrial Masterplan (IMP 3) aimed at making the nation more globally competitive but, at the same time, made clear its intention of
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    • 7146 10 Transaction date: Aug 18 52-Wk Tet Lart Vot Day UitQuoU Otv GrYtd Nat MCap High Low Coda Company Sala COOP) HW> low »uyar SaBar Cvr HI Swi 4 1 5716 1st Software 2.5 2 2.5 10.1 11.5 6 3148 STelecom 7.5 unch 20 7.5 7.5 6.5 7.5 4.9
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    • 345 10 AP [KUALA LUMPUR] Malaysia on Thursday eased visa rules for India and China travellers as part of efforts to tap two of the world's fastest-growing tourism markets. India and China visitors, who are previously given only single-entry visas for a limited period,
      AP  -  345 words

  • INDONESIA
    • 344 11 Firefighters face water shortage as they struggle to put out the fires AFP [JAKAßTA] Firefighters battled hundreds of forest fires on the Indonesian island of Borneo yesterday, as haze blanketed at least two cities in the region, officials said. "There are fires burning all
      AFP; REUTERS  -  344 words
    • 4893 11 Transaction Date: Aug 18 MOST ACTIVE STOCKS VOLUME VALUE Synear 174.474.000 Svnear 146.237.190 Advanced Hldgs 31.839.000 SingTel 71,792,634 UTAC 29.838.000 DBS Grp 66.534.100 SingTel 28.516.000 CitvDev 56.643.808 Cosco Corp 27.835.000 CapitaLand 50.063.784 IPCO Intl 21.123.000 Cosco Corp 43.799.190 Wilmar 20.351.000 UOB 29.709.200 Thai Beverage 19.318.000 Wilmar 23,573,160 Gallant 18.776.000
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  • GREATER CHINA
    • 543 12 Proposed routes to HK, Shanghai and Guangzhou would cut flight time Bloomberg [BEIJING] The International Air Transport Association, which represents 265 airlines, said it is in talks with China's aviation regulator and air force to open three new corridors through
      Bloomberg; AP  -  543 words
    • 398 12 Reuters [SHANGHAI] The new Shanghai Petroleum Exchange was launched yesterday with the sound of a gong, but traders said the market's success could hinge on whether China allows more price flexibility. The exchange will initially offer four fuel oil contracts with spot and two
      Reuters  -  398 words
    • 330 12 AP [BEIJING] China raised interest rates yesterday for the second time in four months amid efforts to rein in a boom in lending and construction that the government worries could spark a financial crisis. The central bank raised the minimum rate
      AP  -  330 words
    • 451 12 Bloomberg [BEIJING] Shares of Air China Ltd, the country's biggest international airline, ended their debut in Shanghai at their offer price after dropping as much as 2 per cent on concern that rising fuel costs will erode earnings. Air China closed
      Bloomberg  -  451 words
  • Page 12 Advertisements
    • 835 12 I^CORONA MARITIME PTE LTD ~jff (Regn. No. *****8212H) V (In Members' Voluntary Liquidation) f M I 59A Neil Road Singapore *****4 XTlj\ ft] I NOTICE OF FINAL MEETING 12] J I NOTICE IS HEREBY GIVEN thai MM I I pursuant to Section 308 of the VTy AGRICULTURAL BANK OF CHINA
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    • 37 12 a PB ■■H K SUmU 5 rmmm M' lH2lSlll£j w Sunset Boulevard with Jane Boey spm Bpm Mon Fri Call 1800 289 8822 or email notiees@sph.eom.sg V^Sf. to book your tender notice in our newspapers now. 'notices
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    • 22 12 STYLE UP your OUTDOOR ■pIIBHHoW till you've read our FREE l~ Designer Showcase booklet! For more info, log onto SPHmagfazineS www.homeanddecor.com.sg —*sr
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  • INDIA
    • 384 13 Negotiations had stalled over items to be exempted from tariff cuts AFP [KUALA LUMPUR] India said yesterday that it had offered concessions to restart stalled trade talks with South-east Asia, slashing tariffs on imports of sensitive agriculture products such as palm
      AFP; BLOOMBERG  -  384 words
    • 554 13 Reuters [MUMBAI] A clutch of Indian banks are looking to raise an estimated US$lO billion through offshore hybrid debt issues in coming months to feed rising credit demand in an expanding economy and to meet new capital adequacy rules. A growing view
      Reuters  -  554 words
    • 5446 13 UNIT TRUSTS FUNDS AB Amer Income A EUR 6.66/ AS Amer Income B EUR 6.661 AB Europ Income Opp AT SGO 15.1/ Am Amro Amt Mgt (S'port) AB Europ income Opp BT SGO 15.1/ Star Europe Eqtyt 0.967/ AS Europ Income Opp AT EUR 747/ Star Eieope Bond 1.187/ AB
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  • ASIA-PACIFIC/WORLD
    • 426 14  -  Asean is small but it can be significant, says its secretary-general By CHEW XIANG DESPITE Asia's resurgence, the United States still has a pivotal role to play in the region, said Minister of Foreign Affairs (ieorge Yeo yesterday. He was speaking at the
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    • 782 14  -  By AMIT ROY CHOUDNURY THK world s largest personal computer maker. Dell Inc. whirh this week had to recall more than 4 million potentially dangerous laptop batteries, reported a healthy 27 per cent revenue growth in Singapore for the second quarter of fiscal 2<X)7.
      AP  -  782 words
    • 490 14 AP. Reuters (WASHINGTONJ The White House, responding to a US media report that North Korea may be preparing for an underground test of a nuclear bomb, said such a test would be an "extremely provocative" act that would be denounced around the
      AP. Reuters  -  490 words
    • 491 14 Bloomberg IBANGKOKI Cieneral Flectric has won Thai government approval to buy 25 per cent of Bank of Ayudhya Pel. Thailand's sixthlargest lender. Finance Minister Thanong Bidaya said yesterday. "I Just signed an approv• al for GE to buy a 25
      Bloomberg  -  491 words
    • 2191 14 VOl General Corp 059 OOI 122 H W- f088| Gentmg 34.70 «*xh 220 George Kant M OjOI 38 AAMRaalty 1.45 unch 0 GHL Systems 42) 001 4905 OH «♦> GlobetroniaTedl 0J0 iMtOi 20* ACPmdustnes Ml 002 112 GlomacOM 114 0O2 *0 Advance Synergy 0.18 0.01 2S Gold Bndge
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  • MOTORING
    • 1000 15  -  The new Lexus has luxuries such as a massage seat, DVD player, 19-speaker audio system and a cooler box, reports SAMUEL EE SAMUEL EE IT STII.I has only one engine si/e but at least Lexus now offers a long wheelbas»> version of its flagship model
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    • 412 15  -  By SAMUEL EE THF new LS model from Lexus will have a petrol-electric hybrid version that promises the power and comfort of high-end motoring without the discomfort of sky-high petrol prices. The LS6OOh claims to have the performance of a six-litre VI2 power
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    • 420 15  -  By SAMUEL EE STAMFORD Tyres is spinning towards a custom niche by offering high-performance alloy wheels to cater to the young and trendy at affordable prices. Singapore's biggest distributor of wheels and tyres entered the wheel manufacturing business less than two years ago, and since then
      ARTHUR LEE  -  420 words

  • GOLF
    • 1048 16  -  Although Singapore's Big Three clubs have enjoyed a strong price appreciation, a continued surge in membership rates looks unlikely, says VEN SREENIVASAN VEN SREENIVASAN IF YOU had bought a membership at the Sentosa Golf Club, your investment would have appreciated by as much as 30
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    • 355 16  -  By GEOFFREU EU AT 38, Mardan Mamat is in his golfing prime with 10 years or more of top level competition still ahead of him but he showed his support for the older generation yesterday when he teed off at a fundraising tournament, for
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    • 596 16 WlllC&Cllli© withweekendßT MB HI A u n kitchens. Open daily from 6.30 am to midnight Buffet thebuffet table, the chefs special drunken prawns and buffet-style. Breakfast daily 6am to 10.30 am. Lunch: w.n lunch prices on Saturday, Sunday and public holidays are dabscan be had for $36+++ for adults and
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  • WELLNESS
    • 1715 17  -  Detection of pre-diabetes can help identify those most at risk, says CHEAH UI-HOON CHEAH UI-HOON Diabetes is a serious condition that we're familiar with. Less so its precursor pre-diabetes even though detection of pre-diabetes could well save a third of those who have it from developing
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    • 762 17 NYT [NEW YORK] For 22 years Joanne and Daniel Megna lived in monochromatic splendour on Staten Island. "Everything was beige," said Joanne Megna, who was reluctant to change the decor by Ruben de Saavedra, who was one of Manhattan's most chic decorators in
      NYT  -  762 words
  • Page 17 Miscellaneous
    • 227 17 CRYPTIC CROSSWORD The dial he's is feature of spaceship (4,6) posh car (10) YESTERDAY'S SOLUTION DOWN 11 Retaliation from buffoon hiding Across Homesick( 5 Wea thi g 1 Mange to get something for under work surface (12) Thailand 10 Across, 11 Chow priest to wear (4) 14 German city graduate
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  • SHOPPING
    • 1192 18  -  CORINNE KERK talks to design director Stuart Vevers to find out what makes leather brand Mulberry tick CORINNE KERK STUART Vevers looks younger than his 32 years, and seeing him appear for our train ride from London's Paddington station to Mulberry's factory in rural Somerset, Southwest England,
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    • 493 18  -  By CORINNE KERK MULBERRY'S design director, Stuart Vevers, has described the English leather brand's factory setting in Somerset, south-west England, as "ridiculously idyllic". He's right. To get there, you need to take a 90-minute train ride from London, then a 30-minute drive past charming historic buildings
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    • 470 18  -  By CORINNE KERK WHEN you have a good thing going, why settle for three when you can double it? And so, Bvlgari's classic fragrances, Pour Femme, Pour Homme and Pour Homme Extreme, have just been joined by three new scents
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  • PERSONAL SPACE
    • 1127 19  -  An open mind and innovative planning can result in a dynamic inner-city living experience, as GEOFFREY EU finds out GEOFFREY EU WHEN banking tant-turned-entrepre-neur Peter C L Tan bought a small, dilapidated and unsightly old shophouse in a quiet side street near Rochor
      YEN MENG JIIN  -  1,127 words

  • THE BUSINESS TIMES weekend
    • 820 20  -  The Tiffin Club delivers freshly cooked home-style meals of three dishes served with rice or potato to office workers, says GEOFFREY EU GEOFFREY EU AS FAR as novel food concepts go, The Tiffin Club is a real doozie. When Ajai Zecha and Michelle Saram bought
      JOHN HENG  -  820 words
    • 1105 20  -  By JAIME EE IF YOU'RE looking for a daily meal delivery service that's a little more upscale than your familiar three-dishes-one-soup tingkat service, good luck finding one. Hardly any upmarket caterers here who specialise in private parties offer an option to busy executives who want a nutritious
      YEN MENG JIIN  -  1,105 words
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