The Business Times, 28 December 2006
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2006-12-28
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The Business Times
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Title Section27 2006-12-28 1 THE BUSINESS TIMES mmth ANNIVERSARY 3D fi i SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Thursday, December 28,200627 words
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1174 2006-12-28 1 AMIT ROY CHOUDHURY - MAS says no major disruption to financial sector; most online banking systems working well By AMIT ROY CHOUDHURY [SINGAPORE] Internet users across Singapore, particularly in the vital financial sector, spoke yesterday of how they rallied round to ensure business as usual despite the international1,174 words
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513 2006-12-28 1 By OUR CORRESPONDENT in Bangkok FOREIGN companies operating in Thailand including Singapore's Temasek Holdings could face further restrictions under rule changes being considered by the country's Ministry of Commerce. At present, companies seen to be in strategic sectors of513 words
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Article132 2006-12-28 1 sn 2,***** (+18.72) ST INDEX FUTURES 2,961.00 (+18.00) SIMSCI 360.57 (+2.24) SIMSa FUTURES 361.00 (+2.60) MARKETS Wednesday Change jCLCOMP 1,083.22 +5.07 NIKKEI 225 17.223.15 +53.96 HANG SENG 19.725.73 +409.21 SET INDEX 687.88 -0.84 JAKARTA COMP 1.803.26 +19.29 MANILA COMP 2.883.47 +25.16 SEOUL COMP 1,425.10 -8.82 SHENZHEN B 429.83132 words
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Page 1 Advertisements
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Advertisement12 2006-12-28 1 1 BizfT V Star Hub offers sizzling broadband service PAGE 28 .HI12 words
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Advertisement108 2006-12-28 1 PROPERTY Govt depts in CBD urged to streamline use of space PAGE 29 FALLOUT FROM QUAKE S'pore businesses take network delays in their stride Quake damages regional undersea cables Two killed, 42 injured in Taiwan PAGE 4 J. if -j.\ v'.'j '*utu? ''V m 1* i ■■■■■■■■■■■■■■■■Pill HBP 111 1108 words
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Advertisement7 2006-12-28 1 S'PORE STOCKS Prospects positive but less spectacular7 words
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Advertisement9 2006-12-28 1 IE S'PORE Unlocking the Korean market PAGE 12 *4- >9 words
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TOP STORIES
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Article, Illustration894 2006-12-28 2 R SIVANITHY - OUTLOOK FOR 2007: S'PORE STOCKS Market has gained 145% since 2003 Sars outbreak; US slowdown looms By R SIVANITHY [SINGAPORE] If you want the short version, then here it is: 2007 will probably be a fairly decent year for the Singapore stockJOHN HENG - 894 words
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Article457 2006-12-28 2 Quake slows Internet but S'pore firms little affected FOLLOWING the earthquake off the coast of Taiwan that affected major undersea cables, network-dependent businesses based in Singapore reported delays in Internet and telephone links, but said although the links were slow they were little affected otherwise. TOP STORIES, PAGE457 words
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132 2006-12-28 2 Reuters [SINGAPORE] The Republic's advance gross domestic product data for the fourth quarter and for the whole of 2006 will be released on Jan 3, the government said yesterday. The data is due fa be published at 8 am nextReuters - 132 words
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Article, Illustration425 2006-12-28 2 NYT Reuters AP [LOS ANGELES] Former US President Gerald Ford, who was thrust into the presidency in the wake of the tumultuous Watergate scandal, has died, his widow said on Tuesday. "My family joins me in sharing the difficult news that Gerald Ford, ourNYT; Reuters; AP; AFP FILE PHOTO - 425 words
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Article, Illustration554 2006-12-28 4 MATTHEW PHAN, CONRAD TAN - S 'pore businesses take network delays in their stride TAIWAN EARTHQUAKE A saving factor for business is the slow end-of-year holiday season By MATTHEW PHAN, CONRAD TAN [SINGAPORE] Following the earthquake off the coast of Taiwan that affected major undersea cables, net-work-dependent businesses based in Singapore reported delays in InternetYEN MENG JIIN - 554 words
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Article, Illustration417 2006-12-28 4 Bloomberg Reuters [TAIPEI] Three earthquakes hit Taiwan within 14 minutes on Tuesday night, sparking initial fears of another regional disaster similar to the 2004 tsunami While a tsunami warning came to nothing, the quake damaged at least six undersea telecommunication cables, affecting users inBloomberg; Reuters; AP - 417 words
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839 2006-12-28 4 Reuters AFP AP [SINGAPORE] Telecommunications around Asia were severely disrupted yesterday after earthquakes off Taiwan damaged undersea cables, slowing Internet services and hindering financial transactions, particularly in the currency market. International telephone traffic was restricted from some countries and Internet access slowedReuters; AFP; AP - 839 words
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Article, Illustration445 2006-12-28 4 CONRAD TAN - By CONRAD TAN [SINGAPORE] The disruptions to Internet traffic and some telephone services in Singapore yesterday after Tuesday's powerful earthquake damaged undersea cables off the shore of Taiwan came as a jolting reminder just how important such cables are. Unseen and themselves silent, underwater cablesSource: Reuters - 445 words
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232 2006-12-28 4 AFP [SYDNEY] The disruption to international telecom and Internet services yesterday caused by a strong earthquake in Taiwan highlights our increasing dependence on high-tech cable systems across the world. The earthquake, measuring 7.1 on the Richter scale, hit southern Taiwan hard late onAFP - 232 words
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Advertisement189 2006-12-28 2 I <' CINDERELLA WAS SWINGIN' TO THE 't BEAT OF THE BAND WAY PAST MIDNIGHT. It was the night to celebrate the hopes, dreams and moments of another glorious year. I entered the Swingln' the New Year party at The Atrium —15 jiving rhythm-makers setting the stage for the merry189 words
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Advertisement8 2006-12-28 2 people Roaming Asia-Pacific. www.thepeopleatwork com Asia-Pacific Executive Search8 words
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Advertisement142 2006-12-28 3 I V J® Aidemars Piguet Le maitre de I'horlogerie depuis 1875 '\V- NEW MILLENARY COLLECTION *7 f .&V. j; 'Vj J j .< v > V <. V '-V 1 ;V. ■'SSf*-* ■*iS^ k i' ?j *kfs. t|4 J {Sr •%^'lJ"'J?^ j Exclusively At: AUDEMARS PIGUET LA BOUTIQUE Liat Towers142 words
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COMPANY NEWS
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714 2006-12-28 5 MICHELLE QUAH - HOCK LOCK SIEW By MICHELLE QUAH STARHUB rounded off 2006 with an announcement intended to bring cheer for hardcore Internet gamers in Singapore, introducing the nation's "fattest green pipe" in the form of a broadband subscription plan which promises blazing speeds for Internet714 words
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Article, Illustration307 2006-12-28 5 Firm can provide container transportation, logistics services AFP SINGAPORE shipping giant Neptune Orient Lines (NOL) said yesterday it has been granted a licence by Vietnam to provide container transportation and logistics services in the country. NOL said that the licence placed the company inAFP; BLOOMBERG - 307 words
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256 2006-12-28 5 UMA SHANKARI - By UMA SHANKARI PROPERTY developer Capita Land yesterday said that its Malaysian real estate investment trust (Reit) Quill Capita Trust (QCT) has seen strong interest from both retail and institutional investors ahead of its listing. The 83.4 million QCT units offered to institutional investors256 words
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Article, Illustration424 2006-12-28 6 CONRAD TAN - Bank's branches in China can now take deposits of at least 1m yuan from locals By CONRAD TAN DBS Bank has obtained approval from banking authorities in China to offer high-value time deposits to local Chinese residents, a move whichBLOOMBERG - 424 words
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Article, Illustration505 2006-12-28 6 DANIEL BUENAS - By DANIEL BUENAS IT'S not often that a novice investor has the opportunity and the requisite experience to glean some insight from an investment expert, especially one who manages a portfolio of over US$3O billion. But emerging markets guru Mark Mobius has decided to reach505 words
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300 2006-12-28 6 ARTHUR SIM - By ARTHUR SIM LIAN Beng Construction (LBC) has won a $93 million contract to build a 472-unit condominium for Tripartite Developers. To date, it has contracts that are worth $158.9 million, including two condominium contracts from UIC Investment worth $65.9300 words
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516 2006-12-28 8 CONRAD RAJ - Rig to be chartered for US$109.5m biggest contract for both companies By CONRAD RAJ MARINE supply and logistics company Sinwa Ltd and Indonesian tycoon Kris Wiluan's KS Energy Services have formed a joint venture (JV) company called Yakki International Pte516 words
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336 2006-12-28 8 MICHELLE QUAH - By MICHELLE QUAH IT RETAILER Challenger Technologies is offering shareholders a right-shares-cum-warrants issue that could raise up to $4.4 million for the company. Challenger announced yesterday that it is proposing a renounceable non-un-derwritten rights issue which would see each shareholder getting three rights shares and two336 words
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Article178 2006-12-28 8 SINGAPORE Airport Terminal Services (SATS) is spreading its wings in China. The Singapore Airlines subsidiary announced last night that it, together with Chinese partner Capital Airports Holding (CAH), will expand its inflight catering and ground-handling businesses to cover eight other Chinese airports. With the expansion, SATS178 words
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COMPANY BRIEFS
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65 2006-12-28 8 THE mandatory conditional offer by Grace Star Services for the remaining stake in HLG Enterprise has lapsed. At the close of the offer yesterday, valid acceptances together with shares owned or to be acquired by the Hong Leong Asia subsidiary came to 45.68 per65 words
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Article97 2006-12-28 8 ACHIEVA'S wholly owned subsidiary Achieva Investments has acquired an additional 5 percent stake in Achieva Components Taiwan (ACT). ACT. which is a subsidiary of the company incorporated in Taiwan, has its core business in electronic rampqflyyfi fliptrihntinn in Taiwan, Hong Kong and China.97 words
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67 2006-12-28 8 i Mitsubishi UFJ to sell securities Bloomberg [TOKYO] Mitsubishi UFJ Financial Group Inc, Japan's biggest bank, will sell about 150 billion yen (S$l .94 billion) of preferred securities to boost capital, following its local rivals in raising funds. The securities, to be listed for trading in Singapore, will be denominatedBloomberg - 67 words
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269 2006-12-28 8 WEE LI-EN - By WEE LI-EN ENERGY company Asia Power Corporation has acquired an additional 30 per cent stake in China hydropower company Sichuan An Ning River Energy Development (Chuan An Neng) for 85 million yuan (5516.8 million), raising its holding to a269 words
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Advertisement34 2006-12-28 6 Faniasiic value You can enjoy salads, soups, ice cream, local desserts like ice kacang and tau suan plus fresh fruit for only $3*! With every order of a local or western delight from $6.90*.34 words
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Advertisement94 2006-12-28 6 I SIX TANTAUSING TURKEY TWISTS Enjoy six irresistible Turicey twists this festive season: Thai-style, 'Char Siew', Sichuan, 'Buah Keluak' and Tandoori, at our delectable Festive Feasts. •y PARKROYAL HOTILI miOUT* Parkroyal on Beach Road, Tel: 65-6298 0011 Parkroyal on Coleman Street Tel: 65-6336 3456 New Park Hotel. Tel: 65-6428 300094 words
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Advertisement11 2006-12-28 6 ChQOM ono item from our selection* of local one choice wßtr11 words
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Advertisement36 2006-12-28 8 r m, ■■■■■■ftJK fe- 5 5 '.'m t!P^tvl&? A I -j m. y ■*|J 4 BgM "JJ-JJ— ——-——jjjjjli Idllr I HI Hiikiaft lIHHHI Hi tI3 F?^sl I cttoi Br W' B iBBE* _^M^' a JK,." ;^l36 words
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Advertisement276 2006-12-28 9 Nokia for Business jk. I vf A r\; p. |j. ■¥>('# i i 4 j f |r V% n m. jJl I j ,1 J§ fc J WStF Z 7 Stay connected to life with wireless internet on the go. o ro <> i 0 t i II p. s276 words
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SINGAPORE MARKETS
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Article, Illustration485 2006-12-28 10 R SIVANITHY - STOCKS Banking and property stocks support index's 18.7-point surge amid firm trading R SIVANITHY Senior Correspondent AN OVERNIGHT recovery on Wall Street that probably helped fuel a large burst of buying in Hong Kong underpinned demand for banks and property stocks here, pushing theSwioetthoo - 485 words
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Article, Illustration1014 2006-12-28 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Dec 27 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr > fBBB) TO—) China Enersave 27-Dec-06 Leung Cheuk Lam *Buy 2500 na ***** 9.70 ***** 9.9S China Enersave 27-Dec-061,014 words
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Article, Illustration858 2006-12-28 10 CONRAD TAN - Compiled by CONRAD TAN Samudera Shipping Line D«c 27 dosf: 33 cents PHILLIP SECURITIES RESEARCH, Dec 27 Growth rate of demand for container shipping is slowing: Annual growth in world container trade peaked at 13.4 per cent in 2004. and slowed to 10.1 per cent in 2005. ClarksonSource: Yahoo - 858 words
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Article, Illustration482 2006-12-28 10 CURRENCIES Reuters [TOKYO] The dollar slipped from near a two-month high against the yen yesterday as technical problems hampered some currency trading, and on a media report that the Bank of Japan (BOJ) will probably discuss bumping up interest rates at next month'sReuters; BLOOMBERG - 482 words
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SINGAPORE NEWS
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426 2006-12-28 11 ANNA TEO - Higher pay raises and bonuses this year, but not for 2007: survey By ANNA TEO STILL upbeat but no longer euphoric. That perhaps sums up business sentiment at the end of a year of strong growth, with caution creeping in about prospects next year.426 words
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Article, Illustration416 2006-12-28 11 KALPANA RASHIWALA - The 77,000 sq ft store at Ang Mo Kio hub starts ops today By KALPANA RASHIWALA SUPERMARKET co-opera-tive NTUC Fair Price is investing about $12 million in its first hypermarket, which opens at Ang Mo Kio Hub today. Fair Price hopes to achieve annual sales416 words
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Article4405 2006-12-28 11 UNIT TRUSTS FUNDS ABEmgMktsBUSD 29.48/ AB Amer Income AT SGO 13.47/ AB Amer Income BT SGO 1151/ AM Amro Ml Mgt (Spore) AB Amer Income AT USD 174/ Star Eirope Eqty! 1.046/ AB Amer income BT USD 177/ Star Eiaope Bond 1.157/ AB Amer Income A USD 1.73/ Star Europe4,405 words
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Advertisement40 2006-12-28 11 Mi AllianzGI RCM Global Twin-Focus Fund a fund that offers you twin benefits AlliaFlZ (Hi) li of potential quarterly payouts and limits possible downside. Visit OCBC and other investors^ I appointed distributors for more details company regn. no *****7169Z 140 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1434 2006-12-28 12 CHUANG PECK MING - A big premium is placed on relationship and 'chong', or literally 'feelings' when it comes to doing business in South Korea's close-knit society. For Singapore companies more at home with a rational and fact-based marketing approach, the chances of making it there are better if they1,434 words
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Article, Illustration598 2006-12-28 12 CHUANG PECK MING - Firms will get help from the Development Bank of Japan, reports CHUANG PECK MING CHUANG PECK MING THERE has never been a better time than now to break into the Japanese market, according to Yamamoto Takayuki, the Development Bank of Japan's chief representative598 words
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Advertisement234 2006-12-28 12 International Enterprise Singapore BHB International Enterprise Singapore's mission is to help Singapore Tap on our services to enhance your export competitiveness v enterprises grow and internationalise successfully. Tasked to one**oiw company consultations cd-rom on ftai "v develop Singapore's external economic wing, we offer a wide We conduct one-to-one consultations This234 words
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ECONOMY WATCH
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443 2006-12-28 13 Interest rates may rise sharply for exotic mortgages Reuters [WASHINGTON] Concerned some borrowers may be over-stretching to buy homes, US lending regulators on Tuesday released a new consumer handbook that warns of the risks associated with interest-only, payment-option and other exotic homeReuters - 443 words
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196 2006-12-28 13 Bloomberg [NEW YORK] Private equity firms have formed a group to lobby on behalf of firms such as the Carlyle Group and Blackstone Group, which face legal inquiries in the US following a record amount of takeovers. The Private Equity Council was formedBloomberg - 196 words
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Article, Illustration537 2006-12-28 13 But central bank also committed to keeping currency at 'reasonable' level Reuters [BEIJING] China plans to push forward with efforts to make its currency more flexible, and to allow market forces to play a fundamental role in setting its value, central bankReuters; AFP - 537 words
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345 2006-12-28 13 GDP may be up 5% but poor growth in jobs, incomes AFP [SEOUL] This year's solid economic growth failed to trickle down to many South Koreans due to lacklustre growth in jobs and incomes and falling corporate profitability, a private research instituteAFP - 345 words
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Article, Illustration769 2006-12-28 13 AP [WASHINGTON] Frustrated over languishing diplomatic campaigns against Iran and North Korea, US officials are finding that their backup strategy of financial sanctions has been surprisingly effective against those remaining members of President George Bush's "axis of evil". Over the pastAP - 769 words
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Page 13 Advertisements
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Advertisement92 2006-12-28 13 HI "I love the that I I can do my work 8 I wherever lam and 9 I whenever I want. HI noifi I So after my kids HI J; II nMnknrlJnmht HI Take 3.5G connectivity II go to bed at night, ■I with you ft I can send email92 words
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MALAYSIA/INDONESIA
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468 2006-12-28 14 Sources say it has made offer of 37 sen a share for the builder Bernama [KUALA LUMPUR] Malaysian Resources Corp Bhd (MRCB) is believed to have made an offer to buy a controlling stake in Talam Corp Bhd, once the country's biggest builderBernama - 468 words
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Article, Illustration503 2006-12-28 14 NATURAL DISASTERS AFP Bernama [KUALA LUMPUR] Malaysia's flood crisis worsened yesterday with more downpours that forced tens of thousands to flee their homes and five relief centres to reopen in southern Johor state. More than 65,000 people nationwide have been forced to evacuate, mostAFP; Bernama - 503 words
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451 2006-12-28 14 Kuwait Finance House begins talks with owner UBG [KUALA LUMPUR] Market attention has once again turned to banking group Rashid Hussain Bhd (RHB) as its single largest shareholder, Utama Banking Group Bhd (ÜBG), began talks last week with yet another party interested in451 words
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420 2006-12-28 14 Survivors need medicine, mosquito nets urgently AP [BANDA ACEH] Emergency rations and medicine were airlifted yesterday to 414,000 people displaced by torrential rains on Sumatra island. Flash floods and a landslide there have killed at least 109 and left hundreds missing. Survivors wadedAP - 420 words
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146 2006-12-28 14 Bernama [KUALA LUMPUR] The price of tin added another US$6O to reach an all-time high of US$ll,4OO per tonne on the Kuala Lumpur Tin Market (KLTM) yesterday. A dealer said there was still a shortage of the metal in the market. The supplyBernama - 146 words
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Article2262 2006-12-28 14 vol Gamuda 4.9* 0.10 529 Dec 27 RM W- fBOO) General Corp. 354 -0.01 67 Gentmg 31.50 0-25 344 ASM Realty 134 unch 0 George Kent .0.57 unch 119 Abric .-030 unch 0 GHL Systems .033 0.01 2388 ACP Incfcjstries 135 0.04 137 Globetronics Tech .030 unch 5612,262 words
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Page 14 Advertisements
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Advertisement82 2006-12-28 14 *i ij tuokshonl 11 Food tf Tkomkts p h VfaribAn Ue-e-'s fi •j list enters oore* ph.cA. ror t e-X&c/MT ive- j •J liA-ncU., (\wd N sMppi-Hj 1 Do you have the flavours to satisfy their palates or the products to entice them? Advertise them /J on the brand new82 words
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GREATER CHINA
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Article, Illustration328 2006-12-28 15 Reuters [TAIPEI] The son-in-law of Taiwan President Chen Shui-bian was found guilty of insider trading and sentenced to six years in prison yesterday in the latest of a series of scandals that have undermined Mr Chen and his independenceleaning Democratic Progressive Party (DPP). Chao Chien-ming, whoReuters; AP FILE PHOTO - 328 words
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498 2006-12-28 15 Surprise payment raises fresh doubts on intent to free fuel market Reuters [SHANGHAI/BEIJING] Sinopec Corp, Asia's largest oil refiner, announced yesterday a surprise 5 billion yuan (*****.5 million) government rebate to compensate for refining losses, sending its shares up nearly 5 perReuters - 498 words
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548 2006-12-28 15 Forex reserves will fund search for oil, gas, coal: official AP [SHANGHAI] China will take advantage of its missive foreign exchange reserves to expand its stock of strategic resources such as oil and minerals, state media reported yesterday, citing a top economicAP - 548 words
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245 2006-12-28 15 It may receive US$100b in 2007 as preparation for overseas listing AFP [BGUING] The Agricultural Bank of China, the country's fourth largest lender, may get a US$lOO billion cash injection in 2007 in preparation for an overseas listing, state media reported yesterday. Liu Mingkang,AFP - 245 words
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414 2006-12-28 15 Reuters [SHANGHAI] More than 800 billion yuan (*****.2 billion) has been frozen for the subscription of China Life Insurance Co's US$3.6 billion domestic A-share offer in Shanghai, a record in China's IPO market, the China Securities Journal reported yesterday. ThisReuters - 414 words
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Article, Illustration84 2006-12-28 15 [BEIJING] A man looking at a painting at the Museum of the War of Chinese People's Resistance Against Japanese Aggression in Beijing, depicting civilians fleeing Shanghai during the Japanese imperial army's war of aggression and conquest on China that lasted from 1931 to 1945. China andAFP - 84 words
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Advertisement179 2006-12-28 15 IN THE MATTER OF THE COMPANIES ACT (CAP. 50, 1994 ED) AND IN THE MATTER OF MTTSUIHIGH-TEC INTERNATIONAL (S'PORE) PTE LTD (In MnibM 1 Voluntary Uquidatton) (Co. Reg. No. *****4670G) NOTICE OF RNAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50,1994 Ed)179 words
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INDIA
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358 2006-12-28 16 It reportedly offers US$17b-US$18b for Hutch Whampoa's share in Hutch Essar Reuters [MUMBAI] India's Essar group has made an offer to buy Hutchison Whampoa's 67 per cent stake in mobile phone operator Hutchison Essar at an estimated enterprise value of US$l7 bil-lion-US$lB billion,Reuters - 358 words
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347 2006-12-28 16 Reuters [NEW DELHI] India's staterun Oil and Natural Gas Corp Ltd (ONGC) is investing in new projects on the basis of a US$35-US$4O long-term oil price, a top company official says, a more aggressive baseline than most oil majors. The estimate may helpReuters - 347 words
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Article, Illustration322 2006-12-28 16 Reuters [MUMBAI] India may permit foreign investment in some non-food sectors in the tightly-controlled retail industry, newspapers said yesterday. The department of industrial policy and promotion is preparing a note calling for further relaxation of foreign direct investment (FDD norms, which isReuters; REUTERS - 322 words
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298 2006-12-28 16 Reuters [NEW DELHI] India's state-run Oil and Natural Gas Corp (ONGC) and its private competitor Reliance Industries Ltd (RIL) are in talks to jointly develop Tuba oil field in southern Iraq, top ONGC officials said on Tuesday. ONGC, throughReuters - 298 words
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Article, Illustration702 2006-12-28 16 Hotel rates are soaring as supply can't keep up with the influx of business travellers NYT [MUMBAI] WITH its ultra-chic restaurant and sweeping views of a 16th-century tomb, the Oberoi in New Delhi is a hotel of choice for the deal makers pouring into India.NYT; AP - 702 words
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258 2006-12-28 16 Economic Times [MUMBAI] Despite increased vigilance by the Securities and Exchange Board of India (Sebi) and the Bombay Stock Exchange (BSE), small investors continue to be at risk from companies where trading activity resumes in a bull market. Because many among these companiesEconomic Times - 258 words
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Advertisement60 2006-12-28 16 A < A X 00 VOU h g V getaways desire lingerie, sP 3 or g ifts romantic dining expenen Advertise mem M me brand new ONHMP 1U 4 C l q 1900 or emair <2! fllLaradio9i3.com, ••4 advertiser solutions. AAA for creative advertising •mm, OH* jA Radio 91.3 is60 words
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MIDDLE EAST
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186 2006-12-28 17 Bloomberg [ABU DHABI] Abu Dhabi, where the Sorbonne will open its first branch outside France, plans to build a business park that will host academic institutions to attract students from around the Middle East. The state-owned Mubadala Development Co, which owns 5 perBloomberg - 186 words
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445 2006-12-28 17 It will likely reduce its cooperation with the UN nuclear watchdog AP [TEHERAN] Iran's Parliament voted yesterday to urge the government to "revise" ties with the UN nuclear agency in a move seen as likely to reduce the country's cooperation with the international atomicAP - 445 words
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314 2006-12-28 17 NYT [BAGHDAD] The US military said on Tuesday that it had credible evidence linking Iranians and their Iraqi associates, detained here in raids last week, to criminal activities, including attacks against US forces. Evidence also emerged that some of the detainees wereNYT - 314 words
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Article, Illustration519 2006-12-28 17 NYT AP [BAGHDAD] The final days of Saddam Hussein appeared to be at hand after an Iraqi appeals court upheld his death sentence on Tuesday and called for his death by hanging within a month. Judge Aref Shahin. head of the Iraqi High Tribunal,NYT; AP - 519 words
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Advertisement149 2006-12-28 17 MTOffliHlW lIIHIIIiI CELEBRATE NEW YEAR AT OUR SHOWROOM WITH SINGAPORE'S FIRST BROADBAND —P— TV SERVICE right in the comfort of your living room m m2btv Your Ultimate Lifestyle Choice WORLD ON-DEMAN D ||HKp Your personal entertainment service, available through penw anytime. 50 enteftainment <^<3nne S Shop online Sony Pictures Television149 words
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ASIA-PACIFIC/WORLD
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Article, Illustration902 2006-12-28 18 NEIL BEHRMANN - TPG owes success to 'crazy' stakes for its 17 deals worth US$101b in 2006 By NEIL BEHRMANN in London TEXAS Pacific Group, the giant US private equity firm known as TPG, is an exceedingly interesting case study. In deals totalling almost US$3O billion in December,902 words
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Article, Illustration828 2006-12-28 18 AP NYT [LOS ANGELES] The late Gerald R Ford, who picked up the pieces of Richard Nixon's scandal-shattered White House as the 38th president, was the only person to lead the United States without having been elected as president or vice-presi-dent. He occupiedAP; NYT; AFP - 828 words
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435 2006-12-28 18 NYT [DETROIT] The new chief executive of Ford Motor Co which is struggling to bounce back from one of the worst crises in its history met last week in Tokyo with the chairman of Toyota, which is poised to become the world's biggestNYT - 435 words
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519 2006-12-28 18 LATEST US INDICATORS AP Reuters [WASHINGTON! Sales of new homes rose in November while the backlog of unsold homes fell for a fourthstraight month, providing hope that the serious slump in housing could be ending. Sales of new singlefamily homes rose byAP; Reuters - 519 words
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237 2006-12-28 18 AFP (BANGKOK] Deposed Thai premier Thaksin Shinawatra's children will testify before an anti-graft body next month over their controversial sale of shares in telecom giant Shin Corp. an official said yesterday. Panthongtae Shinawatra and Pinthongta Shinawatra, Mr Thaksin's son andAFP - 237 words
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AVIATION
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Article, Illustration615 2006-12-28 19 They now switch their forecast to a loss for Q4 instead of a profit AP [DALLAS] Analysts who expected the parent of American Airlines to break even or earn money in the fourth quarter now forecast a loss for the period, following the largestAP; REUTERS - 615 words
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Article584 2006-12-28 19 It is keen to let foreign budget carriers including Tiger Airways, fly in Reuters [KUALA LUMPUR] Malaysia is keen to let low cost carriers, including Singapore's Tiger Airways, fly in to help kick off its biggestever tourism drive next year, a minister saidReuters - 584 words
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354 2006-12-28 19 It also wants govt to cut airport taxes to woo more tourists: reports AP {KUALA LUMPUR] Malaysia's Air Asia has urged the government to build more low-cost airline terminals in the country and cut airport taxes to woo more tourists, reports saidAP - 354 words
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249 2006-12-28 19 AP [BANGKOK] Problems at the Thai capital's recently opened international airport will require about 1.5 billion baht (Ss63 million) to fix. a top official said late on Tuesday. Suvarnabhumi Airport began operating with great fanfare on Sept 28, taking overAP - 249 words
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Article2100 2006-12-28 19 >***** 0715 EM05 0220 to*# .mt as .sg :?9? 88 ***** 2335 AflEe7 1«30 QF82 2215 XjX "SSJ lEo SS6fift AOI951 065§ LH9765 1430 18y gg 9 2 LH9762 0655 L***** 1490 ,-W *<??? L***** 0655 SQ326 1430 L g*031 0645 KL838 2315 SQ25 0655 8A73052,100 words
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Page 19 Miscellaneous
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Miscellaneous329 2006-12-28 19 CRYPTIC CROSSWORD 1 Sappers' establishment needs total makeover (11) 9 Tramp wants a stove; nothing Lh 10 Perhaps Parliament's unwant- mm mh mm ed interference (11) |p£ jS Ssl JilE 11 I'll mention it's offshore (4) ii£§ 14 Not the worst accomplice (7) 16 Flimsy paper kept in a folder329 words
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SHIPPING
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Article, Illustration508 2006-12-28 20 GEORGE JOSEPH - Pakistan's Gwadar port and Indian container port at Chennai almost in the bag By GEORGE JOSEPH [SINGAPORE] After a year of heavy bidding for some of the world's best port assets, PSA International has ended the year taking508 words
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Article, Illustration571 2006-12-28 20 But rebels claim the Tigers rescued the crew and tried to help them repair their engines AFP [COLOMBO] The crew of a Jordanian cargo ship accused Tamil Tiger rebels on Tuesday of piracy, saying that the guerillas had attacked their vessel after itAFP - 571 words
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Article, Illustration198 2006-12-28 20 Xinhua [SHANGHAI] The cargo turnover of Shanghai port will exceed 500 million tons this year, making it the world's busiest for the second consecutive year, says Shanghai Port Administration. It replaced Singapore port as die largest in terms of total cargoXinhua; REUTERS - 198 words
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PORT SHOTS
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89 2006-12-28 20 Bloomberg [TAIPEI] Evergreen Marine Corp, operator of Asia's largest container-shipping line, will promote president Arnold Wang to chairman, replacing Chang Kuo-cheng. Mr Chang will become the first vice-chairman of the Evergreen Group, parent of the shipping company, the group said in an e-mailed statement. TheBloomberg - 89 words
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91 2006-12-28 20 Reuters [BEIJING] Eight seamen have been rescued and 17 were missing after a North Korean cargo ship sank off northeast China on Tuesday. China's official Xinhua news agency said. The Ryong Ak San, owned by North Korean fishery authorities, sank near DalianReuters - 91 words
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Article66 2006-12-28 20 Bloomberg [LONDON] ACM Shipping Group Pic, a shipbroker that listed on London's Alternative Investment Market in November, said its fiscal first-half profit more than doubled. Net income rose to £723,000 (552.3 million), or 4.72 pence a share, in the six months ended Sept 30, fromBloomberg - 66 words
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89 2006-12-28 20 Bloomberg [BANGKOK] Thoresen Thai Agencies Pel, Thailand's second-largest shipping company by value, ordered two dry-bulk carriers for a total of 8.2 billion Yen (Sslo6 million) from Japanese trading company Sumitomo Corp. The two ships, each with a capacity of 53,350 deadweight tons, are scheduledBloomberg - 89 words
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259 2006-12-28 20 Reuters [SINGAPORE] Freight rates for the benchmark Asian route rose to an 18-month high this week, boosted largely by a rush of bookings ahead of the Christmas holidays, shipbrokers and traders said on Tuesday. Spot charter rates for modern panamax tonnages onReuters - 259 words
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Page 20 Advertisements
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Advertisement40 2006-12-28 20 I. *r 1 1 1 Geta —v I Leading Edge I \y c I Your sailing schedules get wider attention in The Business Times shipping pages y Call Bernard Ong at 631 9-1645 or Michael Chng at 6319-2026 Shipping Times40 words
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EDITORIAL & OPINION
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Article553 2006-12-28 21 EDITORIAL THERE have been few offers of foreign help for the victims of the massive floods that inundated Malaysia and Indonesia in the past one week. More than 120 people have been killed and close to 400.000 people have been forced to flee their homes553 words
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Article, Illustration1561 2006-12-28 21 KOR BING KEONG, NG CHOON BENG - Businesses should perform a cost-benefit analysis before deciding on registering for GST By KOR BING KEONG, NG CHOON BENG GOODS and services tax (GST), also known as value added tax (VAT) in some countries, is a form of consumption tax on goods and services consumed. GSTAP - 1,561 words
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Article, Illustration779 2006-12-28 21 FRANK CHING - THE BOTTOM LINE FRANK CHING AS 2006 draws to a close, China's continuing rise is a fact that none can dispute. For 28 years, the country has been devoting itself single-mindedly to economic growth and it has chalked up remarkable successes. In779 words
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Article, Illustration1706 2006-12-28 22 LEON HADAR - It's been a recurring theme in conflicts all over the world this year and looks set to gain momentum in the US as well LEON HADAR Washington Correspondent AFTER examining the way American pundits have interpreted political news this year, I'm struck by theirREUTERS - 1,706 words
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352 2006-12-28 22 Vincent Lim - LETTER TO THE EDITOR Vincent Lim General Manager, Credit Cards and Personal Loans Consumer Banking, Standard Chartered Bank, Singapore WE REFER to the letter by Johnny Tan Hung Ming. "True cost of Stanchart credit card not apparent" (BT, Dec 19). We note the concerns raised352 words
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Article745 2006-12-28 22 PATRICK MCCULLY - By PATRICK MCCULLY LATWP EXCEPT for a handful of fossil-fuel-funded lobbyists who deny the reality of global warming, we all agree that we urgently need to "green" our energy sources. Investors in electricity generation with low greenhouse-gas emissions stand to make a lot of moneyLATWP - 745 words
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Article10166 2006-12-28 23 SGX MAINBOARP 52-Wk Tal Last Vol Day Last Quote Dry GrVM Nat MCap High law Code Company Salt *f- 000) High Low 8»yer S«l» Cw WE $nJl 3.5 1 5716 1st Software 2 <uip HI 11.5 6 3148 STelecom AS -OS 505 85 8 8.5 9 43 1210,166 words
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Page 23 Advertisements
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Advertisement80 2006-12-28 23 4P e edward piguet watch AUDEMARS PIGUET THE BIRTH OF A GREAT DATE Le maitre de I'horlogerie depuis 1875 f r I Available THE WATCH OF YOUR LIFE W J Jjflire Ef cortinawatch 3 '*'"t *3»?a; jflpP Espace Boutique MiWsnia Waft Tel: 6399 1728 'SH *««i|®P r WBHK Paragon T»l80 words
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Article5541 2006-12-28 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In St Hi US$ dy %yr dy yr dy %yr P*c26 Indw Changa Oianga Oianga Changa CWiqv Ch«ng« Woridlndo Preliminary 1093 9 0 2 128 02 86 0,1 17J »£AFE Preliminary ***** 0.1 12.8 0.0 13.2 -0.1 222 Europe Preliminary5,541 words
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Page 25 Advertisements
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Advertisement1420 2006-12-28 25 UK CONTINENT SERVICE U.SJk SERVICE Destination Destination DD SUCCESS RDM/ATW/BMN/TLB/NAN XU CHANG HAI LAX/VCW/MZL AURORA SAPPHIRE CAM/NFK/NO/SAV Loads Singapore, t /W. Malaysia, Uxxls E./W. Malaysia, l~lon«io MIDDLE-EAST SERVICE F.EJS.I.A. SERVICE Destination r VANGUARD DBI/ABU/DOH/BRN/DMM/KWT Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN VOYAGER JDH/AQA/ALGERIA Loads Singapore, E./W. Malaysia, Indonesia1,420 words
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Advertisement501 2006-12-28 25 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VESSEL VOT RAMP HBCHT SW LK MAO SAV lAI OM TAMO AF7OI 4201 m MM 19/11 21/01 30/01 03/01 00/02 M/ 02 TAIAOOT AF7O2 4001 m 6.4 M 00/01 00/02 12/02 17/02 15/02 TAUSMAH AE7O3 3201 m MM It/01 11/02 20/02 24/02 20/02 M/501 words
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Page 26 Advertisements
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Advertisement1261 2006-12-28 26 WAN HAI INTERNATIONAL PTI LTD aNa lmsnoooo/i \AJO\WAN HAI LINES V 11 V Tfnil llnl hi Ilk I# PU TO: (03) 334MW FAX: (03) *****2 M HMIH: 104) 2265V00 FAX: (04)2ntM4 Y JOHII: (07) 251W23 FAX: |07)2Slini SM 19: (031)32*4475 FAX: 1031) 32*1714/3W130J www wanhai com to XTTLmi)S2MIMMX:(O2I)S2WHPUI 11:71 UH/TIUII1,261 words
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Advertisement856 2006-12-28 26 IviiiiL V6y I Nti rn MkAtHl bXI lAt btm mk *h<* IRAN ZANJAN PCI 8180 06/01 OS/01 15/01 10/01 19/01 25/01 27/01 29/01 WAN TABATABAII KL tl!2 10/01 11/01 20/01 22/01 24/01 20/01 01/02 03/02 IRAN SATTAIH KL 8183 12/01 13/01 22/01 25/01 26/01 01/02 03/02 03/02 IVISSRL VOY SIN856 words
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Advertisement69 2006-12-28 26 P. T. DJAKARTA LLOYD (PERSERO) I ll® AUSTRALIA FULL CONTAINER SKRVICI ya VOT mi Imlw I w I $TI I m I w I APISYMFY IMS »1/lj|«/U| 11/»l|l«/»l|u/II |l*/OI HAMAKWA OJ4S 17/0) M/ 01 IS/11 11/0) M/ 01 M/ 01 I I FT Djakarta Uayd (Singapore) Pta Ltd Opardlor Cod*:69 words
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Advertisement619 2006-12-28 26 m asass* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS «sa wr j P.KUHG coionio I k shey* I colowcT ISmiM JQSfIL ante nuc MOK mm MJM mramu rrww? 02jam 03uw kmm PM 13MH HAJff GAMOHI 101 IW> I WJAN I 10JAM I 13JAM 161619 words
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THE BUSINESS TIMES SHIPPING TIMES
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5560 2006-12-28 27 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number SIN Oesfn Name Name Number Number 11/01 31/01 China Shpg MERIAN 040A *****898 To ABU DHABI (AUH) 2004 U.A.Emirates 18/01 07/02 China Shpg NEW DYNAMIC5,560 words
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BizIT
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Article, Illustration1017 2006-12-28 28 ROLAND LIM - By ROLAND LIM FRESH from the government's commitment this year to grow the interactive digital media GDM) industry, IDM players here are excited about the coming year. The Media Development Authority (MDA) said earlier this year that it wanted to accelerate the growth ofFILE PHOTO - 1,017 words
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Article, Illustration936 2006-12-28 28 ROLAND LIM - By ROLAND LIM AFTER finishing this year on a high note, semiconductor firms are expecting 2007 to be a more challenging year, as the industry cools and enters an expectedly slower pace of growth. I The global semiconductor market is expected to936 words
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Article, Illustration654 2006-12-28 28 WINSTON CHAI - It looks set to cement its lead in the speed race with the launch of the fastest Internet plan in Singapore to date, says WINSTON CHAI WINSTON CHAI AFTER a successful trial, Star Hub is challenging Sing Tel with a network upgrade to deliver 100YEN MENG JIIN - 654 words
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PROPERTY
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897 2006-12-28 29 KALPANA RASHIWALA - This could help alleviate office space crunch, curb rent rises: Colliers By KALPANA RASHIWALA PROPERTY consultant Colliers International yesterday suggested that government departments located in the Central Business District (CBD) rationalise their use of office space and streamline their operations897 words
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Article, Illustration849 2006-12-28 29 Reuters [BANGKOK] South-east Asian developers are targeting Japanese retirees, hoping the lure of $heap homes and healthctt&JHall create a profitable new niche market. Although Australia's Gold Coast and Hawaii have been favoured destinations for Japanese in the past, Thailand, the Philippines and MalaysiaReuters; BLOOMBERG - 849 words
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Article, Illustration517 2006-12-28 30 KALPANA RASHIWALA - Freehold The View Meyer with 45 luxurious units may be released in Jan By KALPANA RASHIWALA QUEK Leng Chan's Singa-pore-listed property arm GuocoLand could be eyeing an average price of about $1,500 psf for its freehold boutique development The View Meyer,517 words
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Article1632 2006-12-28 30 PROPFRTY TRANSACTIONS I OD(iFD BFTWFFN DFC IftAND DFC 7fi JDOfi PROJECT NAME/ PROP CONTRACT TENURE «#AREA< PRICE >SF STREET NAME TYPE DATE <SQ fT) 000) District 1 NON-LANDED xJJP i;, Emerald Gdn Apt 07/12/2006 999 1259 1322 1050 The Sail At Marina Bay Apt 0&12/2006 99 1313 1904 14501,632 words
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Page 29 Advertisements
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Advertisement29 2006-12-28 29 I. Lianhe Zaobao Would I share prices I of the I three telcos I continue their I upward I trend I in 2007? I I Esettis I mxmmmm I29 words
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Advertisement574 2006-12-28 29 A Land area 21,242 sf; FH o GPR 2.8 Up to 36 storeys T yZz.* yiW S5. Unobstructed Seaview Parkway Parade, Chinese Swimming Club J /V s osin9 on 5 Jan 07 2 3 °P m 3 adjoining plots potential SL I ft* Total land WO*- 41.463 sf n 9LMm*»574 words
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Advertisement347 2006-12-28 29 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 TULLET LIBERTY (FUTURES) PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No: *****1054K) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held at 36 Robinson Road #17-01 City House. Singapore *****7 on 22 December 2006, the following resolutions347 words
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Page 30 Advertisements
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Advertisement339 2006-12-28 30 OPEN HOUSE OALVEY RD 20.000/ B,ooosqft. Modem design. Brand new renovations, huge pool, rectangular land. Facing greenery. Bright breezy, easy access. Good Deal I Sole Agent Binjal Park ***** sqft, elevated Bin Tong Pk ***** sqft $590psf Cornwall *****, ***** sqft Jarvois Hill *****,***** sqft Laadon Pk ***** sqft greenery339 words
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