The Business Times, 28 September 2006
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2006-09-28
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The Business Times
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Title Section25 2006-09-28 1 THE BUSINESS TIMES ■fth ANNIVERSARY jd SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBUCATION MICA 099/03/2006 Thursday, September 28,2006 online at http://business-times.asial.com.sg IBMMfIMIfIMMMHMMMMMHMfIMMMfIMMMMMMMMMMMMMmfIMMfiM 1 HHMMMMHHMHHMi25 words
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Article, Illustration736 2006-09-28 1 RONNIE LIM - Relocation of marine products B2B unit's key execs from London may be prelude to other moves By RONNIE LIM [SINGAPORE] Oil giant Shell is moving its marine products "HQ" or, specifically, its top management from London to Singapore at year-end, says itsARTHUR LEE - 736 words
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530 2006-09-28 1 CONRAD TAN - Consultation from Oct 20 on merger regime proposals By CONRAD TAN [SINGAPORE] Provisions under the Competition Act to prohibit anti-competitive mergers will come into force on July 1 next year later than some had expected. Earlier this year, the government indicated that the530 words
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Article133 2006-09-28 1 sti 2,557.90 (+31.90) ST INDEX FUTURES 2,558.00 (+33.00) SIMSCI 306.65 (+4.52) SIMSCI FUTURES 306.50 (+3.40) MARKETS Wednesday Change KLCOMP 966.32 +0.66 NIKKEI 225 15,947.87 +390.42 HANG SENG 17,521.51 +213.43 SET INDEX 693.03 +4.40 JAKARTA COMP 1,523.06 +22.95 MANILA COMP +12.23 SEOUL COMP 1,360.03 +16.06 SHENZHEN B 310.25 +0.74133 words
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Page 1 Advertisements
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Advertisement10 2006-09-28 1 LIFE AT THE TOP Nature and history break PAGE 3010 words
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Advertisement14 2006-09-28 1 BizlT 86% of PC attacks aimed at home users PAGE 29 8 BHi lWllllofl^14 words
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Advertisement40 2006-09-28 1 N Bunkering: S'pore will stay premier place PAGE 3 Analysts' Aflews RAGE 21 I ft m I 2 v A H I Jk m 3Bi m I 1 I A I |fl |1* If I r fc I I 9ShI40 words
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Advertisement7 2006-09-28 1 COMPANIES A-Sonicwins $139 m contract PAGE 47 words
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TOP STORIES
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712 2006-09-28 2 KALPANA RASHIWALA - Tange Associates' design exceeds URA height limit; special approval sought By KALPANA RASHIWALA [SINGAPORE] OCBC is poised to make a decision soon on redeveloping the ageing Specialists' Shopping Centre in Orchard Road, sources say a move that will complete the rejuvenation of the area712 words
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Article437 2006-09-28 2 ExxonMobil: S'pore will remain top bunkering centre THE integrity of the robust and efficient bunker supply system put in place in Singapore will ensure that the island remains by far the world's dominant bunkering centre, according to a top ExxonMobil executive. TOP STORIES, PAGE 3 S'pore govt land437 words
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Article, Illustration750 2006-09-28 2 MICHELLE QUAH - NKF FALLOUT Two medical firm staff accused of paying bribes By MICHELLE QUAH [SINGAPORE] The fallout from the National Kidney Foundation (NKF) debacle continues former NKF director Matilda Chua was charged yesterday, with two others, for securities breaches, while another two peoplePHOTOS: WONG KWAI CHOW/ST - 750 words
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Article, Illustration606 2006-09-28 3 GEORGE JOSEPH - 14th SINGAPORE INTERNATIONAL BUNKERING CONFERENCE Govt moves ensure integrity of efficient supply system: ExxonMobil By GEORGE JOSEPH [SINGAPORE] The integrity of the robust and efficient bunker supply system put in place in Singapore will ensure that the island remains by far the world'sARTHUR LEE - 606 words
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Article, Illustration369 2006-09-28 3 KALPANA RASHIWALA - Sales to private sector account for $3.67b By KALPANA RASHIWALA [SINGAPORE] The government collected $5.8 billion from selling state land in the year ended March 2006 more than double its $1.96 billion take the year before. The Singapore Land Authority (SLA) custodianSource: Singapore Land Authority - 369 words
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Page 2 Advertisements
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Advertisement14 2006-09-28 2 people r u e r r includes Fortune 500 companies. www.thepeopleatwork.com Asia-Pacific Executive Search14 words
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Advertisement218 2006-09-28 2 jjljg. J Sixth Annual Knowledge Management Asia Conference Exhibition 7-9 November 2006 Suntec Singapore International Convention Exhibition Centre Singapore (T| KEYNOTE AND EMINENT SPEAKER UNE-UP B® 0 Thomas A. Stewart Dr. Alex Bennet Dave Snowden Leif Edvinsson Editor Former Chief Knowledge Acclaimed expert on narrative World's Ist1 st Harvard Business218 words
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Page 3 Advertisements
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COMPANY NEWS
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Article, Illustration469 2006-09-28 4 VEN SREENIVASAN - Value of contract may rise to 180 m based on current utilisation growth rate By VEN SREENIVASAN MAINBOARD-listed A-sonic Aerospace has clinched a $139 million fleet maintenance deal with Tony Fernandes* new East Malaysia-based airline, Fly Asian Xpress (FAX). Under the terms ofFILE PHOTO - 469 words
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731 2006-09-28 4 MATTHEW PHAN - HOCK LOCK SIEW By MATTHEW PHAN 810-Treat Technology last week reduced the conversion price of some $206 million worth of convertible bonds (CBs) from $1.30 to $1.02, increasing the potential dilution of earnings per share to minority shareholders from 15.4 per cent to 19 per731 words
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342 2006-09-28 5 CONRAD RAJ - Ex-CEO seeks $2m in pay; substantial shareholder wants EGM declared valid By CONRAD RAJ THE soap opera at software company integra2ooo simply refuses to end, with the various disgruntled parties now going to court to settle their grievances. Yesterday, Integra said it had,342 words
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253 2006-09-28 5 OH BOON PING - By OH BOON PING FOOD Empire Holdings, best known for its MacCofFee range of instant coffee products sold in Russia, Eastern Europe and other emerging markets, has officially opened its new plant in Moscow its first outside Asia. The opening ceremony was officiated253 words
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Article350 2006-09-28 5 MATTHEW PHAN - By MATTHEW PHAN SINGAPORE Technologies Engineering (ST Engg) said yesterday an American subsidiary VT Halter Marine Inc has won two further ship-building contracts in the US, worth a total of US$2l4 million. The first contract is a US$l99 million contract with the US Navy,350 words
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Article252 2006-09-28 5 LESLIE YEE - By LESLIE YEE OCBC Bank yesterday announced the launch of OCBC Treasury Mudharabah Account (OTMA), a new Shariah-approved product that is based on the concept of 'mudharabah' or 'profit sharing'. OTMA is the first 'mudharabah' product to be launched by a bank in Singapore. OCBC252 words
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Article5320 2006-09-28 5 UNIT TRUSTS FUNDS AB Amer Income B USD 8.61/ AS Amer Income A EUR 6 781 AB Amer Income B EUR 6.78/ AIM Amro Asset Mgt (Spore) ABEi/opIncomeOppATSGO 1519/ Star Euope Eqty!" 0.976/ AB Eimp Income Opp BT SGD 1517/ Star Europe Bond 1-208/ AB Ei/op Income Opp AT EUR5,320 words
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370 2006-09-28 7 SIOW LI SEN - A 30-year deal would be one of longest dated issues from Asia By SIOW LI SEN TEMASEK Holdings is about to borrow one billion euros in its second foray into the international debt market. According to Reuters yesterday, the Singapore investment company has370 words
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324 2006-09-28 7 WEE LI-EN - By WEE LI-EN CELEBRITY Richie Jen is the ambassador for The Bull Run 2006, a charity fun run organised by the Singapore Exchange (SGX). The singer cum actor who is best known for his love ballads and has more than 16 films under324 words
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207 2006-09-28 7 RAFFLES Hotels Resorts was voted number two in the recent October 2006 Conde Nast Traveler Business Travel Awards, above eight other leading international hotel chains. The Conde Nast Traveler is a widely followed and influential travel publication in the US. The annual207 words
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COMPANY BRIEFS
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Article50 2006-09-28 7 SUNPOWER Group has secured a U553.74 million contract to supply pressure vessels to CTCI Overseas Co, a unit of Taiwan-listed CTCI Corp, for a Thai refinery project. Sunpower said it expects to complete the fabrication of the vessels by end-2007 with payment on a progress basis.50 words
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73 2006-09-28 7 TR NETWORKS' wholly owned subsidiary Three Rifles International has signed a manufacturing and distribution licence agreement with private French designer firm Pierre Balmain to manufacture menswear products under the Balmain trademark and sell them here and in Brunei. TR said the deal is73 words
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49 2006-09-28 7 VENTURE Corporation's directors yesterday recommended shareholders vote in favour of the proposed takeover of GES at the extraordinary general meeting on Oct 20. Meanwhile, the SGX said it has no objection to the delisting of GES shares once the scheme is approved.49 words
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Article, Illustration528 2006-09-28 8 MATTHEW PHAN - CHINA FOCUS Bulk of proceeds to fund large-scale projects, repay short-term loans By MATTHEW PHAN EPURE International, a China-based water-treat-ment specialist, is seeking to raise $65 million in an initial public offering for a mainboard listing. The expected listing date is Oct 6.ZAOBAO - 528 words
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532 2006-09-28 8 MATTHEW PHAN - By MATTHEW PHAN CHINA'S third-largest distributor of liquefied petroleum gas (LPG), Ouhua Energy Holdings, is planning to sell new and vendor shares in its mainboard initial public offering to raise capital to expand its sales network and improve production facilities. Ouhua is a tier-one532 words
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458 2006-09-28 8 Reuters THE Singapore Exchange (SGX) expects the pipeline of initial public offerings from China to remain strong despite the recent tightening of foreign listing rules by China's securities regulator. Lawrence Wong, head of Listings Markets Group at SGX, said in anReuters - 458 words
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Page 4 Advertisements
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Advertisement358 2006-09-28 4 WtlPP ■> <' I* '^JJ* with Pro Curve Swrtc Pro Curve Switch 1800 series 24-port Gigabit web managed switch series The Pro Curve Switch 1800 series. Gigabit performance, quiet operation and minimal footprint allow for unobtrusive performance. Switches are affordable, easily integrated and come with a lifetime product warranty. |i|Bia358 words
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Advertisement35 2006-09-28 5 MP*'' AtlianzGI RCM Global Twin-Focus Fund a fund that offers you twin benefits AlliatIZ (ill) of potential quarterly payouts and limits possible downside. Visit OCBC Bank for G(obal nvestor^" >^ more details company regn. no **********35 words
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SINGAPORE MARKETS
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Article, Illustration545 2006-09-28 6 R SIVANITHY - STOCKS ST Index jumps 31.9 points in tandem with the region as American data shows improvement R SIVANITHY Senior Correspondent JUDGING by yesterday's market movements here and elsewhere in the region, the fortunes of equities everywhere appear to hinge on American consumer confidence. An improvementSource: Bloomberg - 545 words
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Article, Illustration988 2006-09-28 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Sep 27 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy Shares Per Before After Stock Date Director Sell 000 Shr S r0OO) S ('000) HLNTech 27-Sep-06 Tan Su Hong *Buy 100 na ***** 45.10 ***** 45.20 HLNTech 27-Sep-06 Wa988 words
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Article, Illustration972 2006-09-28 6 MATTHEW PHAN - Compiled by MATTHEW PHAN Chip Eng Seng Corporation Sept 27 dose: $0.25 WESTCOMB SECURITIES, Sept 27 CHIP Eng Seng (CES) is a play on the high-end and mid-tier property markets. It has a portfolio of four, land parcels comprising three sites in the prime districts of 9, 10Souroe: Bloomberg - 972 words
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Article, Illustration527 2006-09-28 6 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE Chinese yuan once again took centre-stage with fresh highs not seen since it was depegged from the US dollar, notwithstanding an overnight bounce for the greenback elsewhere. Currency traders reported a turnaround for the much-needed reprieve forSource: Reuters - 527 words
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Advertisement130 2006-09-28 7 INDONESIAN ART FAIR EXHIBITION 28 September 02 october 2006 Over 20 Indonesian Artists! Masterpieces at incredible value!! Tea Reception Saturday 30th September 4pm 7pm gntl(,iy» YADDO -TZ Akl t -x- mul—l^ JsTve TAX/ Our qualified professionals A can assist you with offshore structures, shelf companies and incorporations In ALL jfljjClHKer130 words
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Advertisement52 2006-09-28 7 ■mMI Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but shaped by the future, Always looking at opportunities and challenges from a long-term point of view. Because we know the future doesn't Just happen, It has to be built, www,credlt-sulsse.com Thinking Naw PcrspcctlvM.52 words
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Page 8 Advertisements
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Advertisement49 2006-09-28 8 Heartiest Congratulations to Tan Sri Frank Tsao Wen-King Chairman, Suntec City Development Pte Ltd on being awarded the International Maritime Centre Award (Individual) 'M br I The Maritime and Port Authority of Singapore From Management and Staff of Suntec City Development Pte Ltd SUNTEC SUNTEC CITY DEVELOPMENT PTE LTD49 words
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Advertisement9 2006-09-28 8 The Business Times 3d To subscribe call 6388 38389 words
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SINGAPORE INTERNATIONAL
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Article, Illustration1071 2006-09-28 9 CHEN HUIFEN - The Chinese province has continued to open up and presents many more opportunities to S'pore companies, reports CHEN HUIFEN CHEN HUIFEN SHORT quiz. Where is the the ancestral hometown of award-winning director Lee Ang? And do you know where the world's tallest ferris-wheel is? The1,071 words
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Article, Illustration737 2006-09-28 9 AS MULTIPLE construction projects cloud the skylines in neighbouring Chinese provinces bent on industrialisation, the forest-rich province of Jiangxi is a refreshing sight. About half the land area of Jiangxi is covered by timber plantations and forests. Jiangxi, which is bordered by Zhejiang,737 words
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Page 9 Advertisements
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Advertisement221 2006-09-28 9 ENTERPRISE The Business Times SINGAPORE Singapore to The Murines tftnof undsr ttw Mbwtty of Trade end Indwtoy SnpHpm cntarpriMS export and MvnrifoMlMi ijg|j y a k jj. b d Keep up to date with the latest information and network opportunities with our service. Key Services: Online and print resources Business221 words
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SINGAPORE NEWS
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Article361 2006-09-28 10 LAUREL TEO - Their tie-up comes just one day after launch of SGX-Chicago board joint venture Jade By LAUREL TEO THE Singapore Commodity Exchange (Sicom) has announced a tie-up with the New York Board of Trade (NYBOT) to share information, organise joint seminars and cooperate on other361 words
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Article, Illustration456 2006-09-28 10 CHEN HUIFEN - It will co-invest $7.5 m in Amaranth Medical By CHEN HUIFEN A SINGAPORE start-up created by two academics has attracted the attention of a Silicon Valley venture capitalist, which is co-investing $7.5 million in the firm. Amaranth Medical Inc, which develops biodegradable stents for useRLE PHOTO - 456 words
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Article, Illustration273 2006-09-28 10 LESLIE YEE - By LESLIE YEE HSBC'S head of commercial banking in Singapore, Janet Young, will be leaving the bank at the end of this month. After spending almost six years at HSBC, where she is a senior vice-presi-dent, Ms Young is leaving to take on273 words
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335 2006-09-28 10 RONNIE LIM - But it is rumoured production will cease* by year-aid By RONNIE LIM SINGAPORE'S second-larg-est generating company PowerSeraya says it is presently still receiving contracted supplies of orimulsion a bitumen/water fuel mix from Venezuela amid reports the South American country will stop producing the fuel335 words
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255 2006-09-28 10 SAMUEL EE - By SAMUEL EE THE Land Transport Authority yesterday launched the LTA Academy to share Singapore's experience and expertise in land transport with other countries. Key courses are already available at the academy, at LTA's Hampshire Road headquarters, says its head Mohinder255 words
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384 2006-09-28 10 JEAN CHUA - By JEAN CHUA FROM next year, locals and tourists shopping here will be able to recognise a product that has been conceived in Singapore by a logo or a special mark on its packaging, as retailers here aim to come out with something instantly384 words
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SINGAPORE ROUNDUP
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48 2006-09-28 10 THE electricity tariff will be increased by an average of 2.3 per cent or 0.49 cent per kWh for the next quarter Oct 1 to Dec 31, 2006, SP Services said. The increase is due to the higher forward oil price.48 words
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52 2006-09-28 10 LAST month, 870,000 tourists visited Singapore, up 7.2 per centyear-on-year and a record for August. The top five visitor-generating markets were Indonesia (164,000), China (103,000), Japan (63,000), Australia (55,000) and Malaysia (51,000) Together they accounted for 50 per cent of all visitor arrivals during52 words
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Article102 2006-09-28 10 FOUR Singapore companies have so far tapped the Enable Fund by employing a total of 16 people with disabilities. The companies are The Coffee Bean and Tea Leaf, Carona Holdings, Pizza Hut (S) and S-Team Switchgear, which is a unit of Natural Cool Holdings Ltd.102 words
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52 2006-09-28 10 THE Urban Redevelopment Authority (URA) has released detailed sales conditions for a 0.35 ha hotel site at New Market/Merchant Roads. Developers interested in the site which has a gross plot ratio of 3.5 can now apply to URA for it to be put up52 words
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Page 10 Advertisements
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Advertisement28 2006-09-28 10 o«o»oo««e t wVSecals®| I ops System I -nsn CPX {g onThurs stock lasts.lP'wwMfc Radio 91.3 is managed by 4 SPH Unionworks, a subsidiary of ttV Singapore frets Holdings28 words
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ECONOMY WATCH
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Article, Illustration612 2006-09-28 11 Sales of new US homes rise 4.1 in August LATEST US DATA Biggest jump since March surprises economists; orders for durable goods drop 0.5% in Aug AP, AFP [WASHINGTON] Sales of new homes posted the biggest increase in five months in August, raising hopes that the steep slide in theAP,; AFP - 612 words
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286 2006-09-28 11 The currency hits a high of 7.9025 amid market speculation Reuters [SHANGHAI] China's yuan quickened its pace of appreciation and hit a post-re-valuation high against the dollar yesterday amid speculation that Beijing and Washington may have reached an understanding on the Chinese currency's rise.Reuters - 286 words
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Page 11 Advertisements
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Advertisement306 2006-09-28 11 Middle Eastern Delights T 00* \L i I...- \W i'-•• <.M- Wm SATURDAY —r—Fabulous and leisurely brunches are no longer M', restricted to Sunday! Kick off the weekend by El rVH pampering yourself to a fantastic spread of Italian Bjj ip fare where the freshest ingredients are added to traditional306 words
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Advertisement5 2006-09-28 11 §R| ihr% KTI] mm wSKBBBmBmBBSBSmB^KHm5 words
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MALAYSIA/INDONESIA
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694 2006-09-28 12 S JAYASANKARAN - Move dismays legal community and surprises political analysts By S JAYASANKARAN in Kuala Lumpur IN a move that disappointed many in Malaysia's legal community, Kuala Lumpur's response to the "new and important facts" presented on Tuesday by former Lord President Salleh Abas to694 words
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BRIEFLY ASIA
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49 2006-09-28 12 Bloomberg J JAKARTA] Industrial Bank of China Js in talks to buy PT Bank «Halim Indonesia, in a move Jhat would mark its first acquisition beyond China. *'ICBC is in talks with Bank <Halim Indonesia," said a for Bank Indonesia. —BloombergBloomberg - 49 words
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98 2006-09-28 12 Reuters China has 'widened its dragnet in a scandal, Shanghai's top policeman who is a nephew wof retired President Jiang and detaining two of the city's Ideposed Communist Party •chief, sources said The nephew, Wu Chiming, 54, failed to a key government meeting onReuters - 98 words
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82 2006-09-28 12 Reuters (NEW DELHI] India expects to launch 3G mobile services in the second half of 2007, Telecoms Minister Dayanidhi Maran said yesterday. "The process for introducing 3G service has already been initiated in India, and it is expected that we should be ableReuters - 82 words
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36 2006-09-28 12 Bloomberg [KUALA LUMPUR] Geely Holding Group, China's private automaker, will start assembling cars in Indonesia after a plan to produce them in Malaysia was rejected by the government. —BloombergBloomberg - 36 words
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50 2006-09-28 12 Bloomberg [MUMBAI] India's Multi Commodity Exchange said it has become the world's second largest in trading natural gas futures contracts, trailing the New York Mercantile Exchange. Contracts traded rose to a daily average 546,150 lots of 500 million British thermal units in August. BloombergBloomberg - 50 words
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399 2006-09-28 12 AP [WASHINGTON] Indonesia's vice-president touted his country as a potential "anchor of stability" in a sometimes turbulent region, appealing for cooperation with the US to help protect Indonesia's emergence as one of South-east Asia's most vibrant democracies. Vice-President Jusuf Kalla said inAP - 399 words
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225 2006-09-28 12 Reuters [KUALA LUMPUR] Malaysia is taking another step in its promised sale of state assets with an issue of around US$75O million in bonds convertible into Telekom Malaysia shares, sources familiar with the deal said on Tuesday. State investment arm Khazanah Nasional, which alongReuters - 225 words
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Page 12 Advertisements
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Advertisement651 2006-09-28 12 mn* '"O CHINA SKY CHEMICAL FIBRE CO., LTD. (Incorporated in the Cayman Islands) NOTICE OF EXTRAORDINARY GENERAL MEETINO tIIIk f r *1|« NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of China Sky Chemical Fibre Co., Ltd. ("the Company") will be held at Amara Singapore, Connection 1, Level651 words
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Advertisement119 2006-09-28 12 •7* I* v 4 V 1 (J\DUOREST' t I r i,-> w I' •i~ 3 t 1 ""i Optimum Comfort. Dynamic Sitting. 'i' 1 T (i s 'i&m. J V- -'-h t rnk k V Ik bI a I Wfi I EL. 11. Hfe*. wf mm jjMj DUOREST* Ergonomic Chair119 words
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GREATER CHINA
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Article, Illustration258 2006-09-28 13 Reuters [SHANGHAI] The size of China's equity market is likely to triple over the next four years as more foreign money pours in and Chinese firms raise funds there more actively, a senior industry official has predicted. The totalReuters; REUTERS - 258 words
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323 2006-09-28 13 State-owned bank plans record US$19b IPO Bloomberg [HONG KONG] Industrial and Commercial Bank of China Ltd, the nation's biggest lender by assets, plans to sell HK529.2 billion (555.9 billion) of shares to corporate investors in its record initial public offering, the companyBloomberg - 323 words
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157 2006-09-28 13 Bloomberg [HONG KONG] Shui On Land Ltd, owned by Hong Kong billionaire Vincent Lo, raised HK$6.2 billion (551.26 billion) in an initial public offering (IPO), bankers involved said. The company, which builds apartments and offices in China, and stockholders sold 1.16 billion sharesBloomberg - 157 words
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418 2006-09-28 13 Domestic offering of 1.15b new shares representing 15.7% of enlarged capital Bloomberg [HONG KONG] Ping An Insurance (Group) Co, China's second-biggest insurer, may raise as much as HK$32 billion (556.6 billion) in a stock sale, part of a plan to offerBloomberg - 418 words
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Page 13 Advertisements
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Advertisement61 2006-09-28 13 y o\ ky '.\':v Wraßr wHßH^^Sjjl^^^^^H I#l rvv *WL«f\ yWI m II XW pKHUrii *3$L "'^^BH 1/ am Iw V u II a I I M 4^Eb^l ■I 9 MB fl re KT^WSBBSBm^^ Mri |Ral Af^||^BH| II rW Iff HI II B Ml l\ /4H 7 C «V£VE K| Ml61 words
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INDIA
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379 2006-09-28 14 Firm expanding in Asia to offset competition in the US, western Europe Bloomberg [SINGAPORE] Satyam Computer Services Ltd, India's fourth-largest software exporter, is planning to make an acquisition or alliance in Japan as the company expands in Asia to trim reliance on theBloomberg - 379 words
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245 2006-09-28 14 Bloomberg [NEW DELHI] Ranbaxy Laboratories Ltd, India's biggest pharmaceuticals company, may purchase drug-ingredient makers to lower costs and increase its capacity to sell generic medicines in the US and Europe. "I'm open to buying companies," Malvinder Singh, 33, the company's chief executive officerBloomberg - 245 words
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359 2006-09-28 14 Figure may reach 30% by 2010, says Nasscom, rejecting data security fears AFP [NEW DELHI] India's outsourcing industry will be able to process up to 30 per cent of US bank transactions by 2010, more than triple the current figure, theAFP - 359 words
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319 2006-09-28 14 Bloomberg [MUMBAI] Indian lenders may be moved to a higher risk category by Fitch Ratings on concern that unabated loan growth may lead to a "systemic crisis" in the banking industry. India, Austria, the Czech Republic, Slovakia and Slovenia were movedBloomberg - 319 words
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Advertisement43 2006-09-28 14 d tt d j v '*■*'< iB v, v t *>'•*»,. iC V' ■M? %fi t ii" f /*>'"':, ,;'■> </ W i^^ijg^^Bß k I v \l- li|MMk imdi lM f&^La V I »2H J Jp^ v j jiS %\V V 9 vs»*>V*'si' '^•^."fct tel "-f-''.- 'j^ *Sfe43 words
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ASIA-PACIFIC/WORLD
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Article, Illustration793 2006-09-28 15 ANTHONY ROWLEY - ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent JAPAN'S new Prime Minister Shinzo Abe is determined to shape a new diplomatic future for his country. But as an economic power, Japan is already seen by many as in danger of becoming a part of793 words
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Article, Illustration793 2006-09-28 15 Sonthi presents constitution draft to King on Saturday AFP. AP. Bloomberg, Reuters [BANGKOK] A popular retired general has emerged as a major contender alongside a former head of the World Trade Organization (WTO) for interim premiership in Thailand. The leading candidate hadAFP.; AP.; Bloomberg,; Reuters - 793 words
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179 2006-09-28 15 SINGAPORE Prime Minister Lee Hsien Loong yesterday expressed his appreciation for the role former Japanese prime minister Junichiro Koizumi played in strengthening ties between Japan and Singapore during his term which ended this week. "I have enjoyed working closely with you over the past179 words
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372 2006-09-28 15 AFP rrOKYOI Japan said yesterday that its new Prime Minister Shinzo Abe could visit China as soon as next month to repair damaged bilateral ties as he knuckled down to work on his conservative agenda. Mr Abe, Japan's first premier born afterAFP - 372 words
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Page 15 Advertisements
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Advertisement1638 2006-09-28 15 COSCO CORPORATION (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number:l96lools9G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of COSCO Corporation (Singapore) Limited (the "Company") will be held on 12 October 2006 at 11.00 a.m at Marina Mandarin Singapore, Level1,638 words
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WORLD
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480 2006-09-28 16 Bleak federal intelligence report at odds with Bush's reassurances AP [WASHINGTON] The war in Iraq is breeding deep resentment of the US and is likely to get worse before it gets better, federal intelligence analysts conclude. The bleak report is at oddsAP - 480 words
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Article, Illustration424 2006-09-28 16 CORPORATE SCANDALS: ENRON, WORLDCOM Reuters [NEW YORK] Two men at the heart of corporate greed scandals in America paid the price on Tuesday, as a judge sentenced former Enron Corp executive Andrew Fastow to prison and Bernard Ebbers, once the chief executive of high-flyingReuters; PHOTOS: REUTERS, BLOOMBERG - 424 words
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273 2006-09-28 16 AP [NEW YORK] The former head of Citibank's worldwide commodities trading activity pleadetf guilty on Tuesday to conspiracy in a scheme the government says was aimed at inflating trading profit and boosting his eligibility for bonuses. David Becker, 40, pleaded guilty in a US districtAP - 273 words
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Article2256 2006-09-28 16 vol General Corp .0.5} -0.01 30 Sep 27 KM *4- C000) Genting 24.00 OK) 168 George Kent O.S2 uoch 112 A&MRealty 1.41 unth 1 GHL Systems 0.23 -0.01 481 Abrit -031 -0.01 16 GlabetronicsTeth *31 0.01 668 ACP Industries JO.93 unch 83 GtomacBhd 1*5 -0.01 2 Advance Synergy-..2,256 words
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Page 16 Advertisements
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Advertisement1376 2006-09-28 16 ASL MARINE HOLDINGS LTD. (Incorporated in the Republic Of Singapore) Company Registration No. *****8542N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the annual general meeting of the Company will be held at Jurong Country Club, 9 Science Centre Road, Singapore *****8 on Friday, 20 October 2006 at1,376 words
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AVIATION
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Article, Illustration596 2006-09-28 17 VEN SREENIVASAN - Cheaper fuel, rising travel demand lift confidence in industry: Survey By VEN SREENIVASAN [SINGAPORE] Confidence in the airline industry has climbed to new recent highs, thanks to receding fuel price and continuing buoyant demand for air travel. The latest Airline Business Confidence surveyAP - 596 words
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387 2006-09-28 17 HABIB SHAIKH - By HABIB SHAIKH in Jeddah SAUDI Arabian Airlines has begun a marketing campaign to attract investors and international partners for privatisation of the national carrier's catering unit, Saudia Catering, which it plans to sell off by November. The announcement came from the airline's387 words
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143 2006-09-28 17 AFP [NEW DELHI] International flag-carrier Air India's net profit slid in 2006 by 82 per cent, hit by high fuel costs and competition from private rivals, a source at the state-owned airline said on Tuesday. The net profit for the year to March totalledAFP - 143 words
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413 2006-09-28 17 (SINGAPORE] The battle for the flying dollar continues to heat up. with Asia's leading airlines spending millions of dollars to roll out state-of-the-art comforts and conveniences to entice customers. In the past week alone, Singapore Airlines, Cathay Pacific and Emirates unveiled a slew413 words
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190 2006-09-28 17 [SINGAPORE] Singapore Airlines begins flying into Bangkok's new Suvarnabhumiirport today, when the airport officially opens. The carrier's first flight to the new airport will be SQ 60, which is expected to land at 10.10 am local time. Passengers will enter the departure hall190 words
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Article2171 2006-09-28 17 PIT MW r» WW B» ***** 1650 QF3955 2300 1145 SQ142 0935 ItalMi SOB 1135 SQ456 1300 SQ143 1535 ***** 1640 StaST igff ITS 4/8588 2215 1640 GA841 1755 S0230 1750 8A7382 2215 SQ147 22j? SQ148 1900 AFM87 1850 QF82 2215 SO® BSfl SQ4* 2030 BA73812,171 words
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Page 17 Miscellaneous
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Miscellaneous232 2006-09-28 17 CRYPTIC CROSSWORD 1 Country's cries of woe being 4 Secretary allowed to gather JHHIH--—^ speed producing little book (8) 8 hERBI 91 IR 9 Secure prime bit of your meat •pj IhJ ever one with a ridiculous 1 Someone people can thank when they have time on their hands? (10)232 words
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Page 18/19 Advertisements
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Advertisement148 2006-09-28 18/19 -K E m %lbli j|M:l6i. •"•sSfcifiSH 5 1 X ft I/ 1 i fe'iMjja V 'raatJ m& fc M il ■r- j'-W 1 fg t Kf m .'s* f S 1 aSamamsaa V 7-m g: I I lii 'Sk, •T ,j f.qI^MMMMBMBMBI^^MM^^^HImMI^^^^^^BH^^^MWMbbMI ■J i stf^m^^iPv^fli'- Sep ~r' f frfrj Ai148 words
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SHIPPING
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Article, Illustration516 2006-09-28 20 DONALD URQUHART - Move safeguards Singapore's place as leading shiprefuelling port By DONALD URQUHART [SINGAPORE] A new standard for bunker fuel quality is being introduced as Singapore moves to safeguard its position as the world's leading port for shiprefuelling, a trade valued at $7 billion a year.516 words
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1105 2006-09-28 20 DAVID HUGHES - It hopes its international partners will follow suit By DAVID HUGHES in London AS WIDELY expected, the European Union's Competitiveness Council has decided to repeal liner shipping's block exemption from anti-trust law. Liner conferences—which publish freight tariffs and, in the past,1,105 words
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Page 20 Advertisements
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Advertisement10 2006-09-28 20 f YOUR QUALITY PROVIDER WORLDWIDE Mobil Marine Fuels 1 I10 words
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MARITIME WEEK 2006 SPOTLIGHT
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Article, Illustration2315 2006-09-28 21 SURENDREN APPAROO - By SURENDREN APPAROO THE 14th Singapore International Bunkering Conference (Sibcon) opened yesterday. The Businees Times took the opportunity to seek the views of some key players within the industry. Question: What is the impact of rising oil prices on shipping and bunkering? Douglas Raitt: Although2,315 words
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Page 21 Advertisements
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Advertisement31 2006-09-28 21 S5MPA SINGAPORE This series is brought to you by the Maritime and Port Authority of Singapore l||j||||BwP|j||§^ 1 CLOSE TO MEMBERS CLOSE TO BUSINESS j| Skuld Singapore opens today 'M t31 words
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Advertisement50 2006-09-28 21 JBCONJ9K Hk H|HHK mm ImM Ir^B i i9^BhH^B^H9^EbSß^ UK* «l■k>] tP 111. j,JB BAOM Craig Boot Asst Commandant for Prevention, USCG and J®! KKMS)TayIJBiHeng.C£.MW at the morld Maritime flay Reception Marittae leek launch j jjj^jjj^ Lim meeting Tan Sri Frank Tsaoi winner of the I international Martin* Centre (Individual Award50 words
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EDITORIAL & OPINION
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484 2006-09-28 22 EDITORIAL THIS year's meeting of the United Nations General Assembly again provided an opportunity for members to take part in the most important forum of public diplomacy. When the UN was established in 1945, its founders envisioned that it would function not only484 words
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Article, Illustration692 2006-09-28 22 AL LABITA - THE BOTTOM LINE AL LABITA Manila Correspondent MALAYSIAN-BROKERED peace talks between Manila and Muslim separatists are on the brink of collapse, but in a surprise turn of events, Japan is trying to salvage them. As if coming out of the blue, Tokyo692 words
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Article, Illustration848 2006-09-28 23 ROBERT J SAMUELSON - It threatens America's social compact, which depends on a shared sense of well-being By ROBERT J SAMUELSON IF YOU'RE in Asheville, North Carolina, stop by the Biltmore, the vast estate that George Vanderbilt 111 heir to a railroad fortune constructed between 1889 and 1895. You canAFP - 848 words
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858 2006-09-28 23 MICHELINE MAYNARD - By MICHELINE MAYNARD NYT. PARIS too bad Bono and Angelina Jolie aren't here. If they were, this year's Paris Motor Show, which opens to the media today, would feel even more like the car industry's equivalent of the World Economic Forum inNYT. - 858 words
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229 2006-09-28 23 Michael McDonald - LETTERS TO THE EDITOR Michael McDonald McDonald Partners 1 WAS very pleased to see Wong Wei Kong identify the integral role that succession planning plays in good corporate governance ("Seamless transition at the top", BT, Sept 25). As the market for talent becomes229 words
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113 2006-09-28 23 Denis Distant Singapore - Denis Distant Singapore I REFER to the letter "Malaysian banks comments unfair" from Ngia Soon Chai (BT, Sept 27). I cannot see how a statement can be unfair when based on facts. I suggest anyone who doubts the claim that Singaporeans cannot open113 words
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Article, Illustration1113 2006-09-28 22 MICHAEL RICHARDSON - It's tough because terrorist groups are a hydra-headed target constantly changing shape By MICHAEL RICHARDSON HIGH finance, development economics and anti-corruption measures were prominent themes at the recent annual meetings of the International Monetary Fund (IMF) and the World Bank in Singapore. ButREUTERS - 1,113 words
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Page 23 Advertisements
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Advertisement10 2006-09-28 23 For orders or enquiries, call 6845 1236 or email peachblossoms.mms@meritus-hotels.com10 words
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Article10075 2006-09-28 24 SGX MAINBOARD Transaction date: Sep 27 52-Wk Tel Last Vol Day Last Quote Div GrYId Net MCao Mgh Low Coda Company Sale +<- COOP) High Low Buyer Sa««f Cvr P/t Smll 3 5 1 5716 1st Software 2.5 unch 10 2.5 2.5 2.5 3 10.1 115 6 314810,075 words
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Advertisement35 2006-09-28 24 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in aH markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices Competitive Commission charges35 words
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Article6004 2006-09-28 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES kMan InSS In USS <ty ye dy yr dy Syr S«p 26 Index Owiy Ofnfft Onnq« Change Orange Change World Indei Mimmay 1019.7 05 12 05 34 03 8.2 t tAtt Pttfrnmary 1018.0 0.7 46 05 53 03 108 fuiope Preliminary 1385-9 t3-6,004 words
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Page 26 Advertisements
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Advertisement1611 2006-09-28 26 UK COMTIWEMT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL OCEAN TRADER RDM/ATW/TLB/NAN STX PO TBN CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT GLENGO INC/BSN ADDU STAR JDH/AQA Loads Singapore, E./W. Malaysia,1,611 words
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Advertisement523 2006-09-28 26 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VISSE VOY UW HBCHT SM UC MAO SAV »Al OBF TAUSMAM Af62B 3201 m 6.4 M 02/10 10/10 21/10 01/11 06/11 04/11 TOMCOMG Arm 4001w 6.3 M 07/10 30/10 01/11 12/11 17/11 14/11 TAM£SIS AH3I 3201 m t.4« 24/10 20/11 29/11 03/12 07/12 05/12523 words
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Advertisement1494 2006-09-28 27 WAN HAI INTERNATIONAL PIE LTD at NO; **********0/R TEL******588 (14LINES) FAX:*****163 V\\N WAN HA lINFS Cus,o, er S«vk,/Boofckgs DHc! Lm (1800) *****200 11 I fIMII II Ml LllltJ HUH: (03) *****818 FAX: (03) *****288 Wl 1H: 04) *****00 FAX; (04)2294>99 V JON 1H: (07) *****23 FAX: (********** UIH: «03l) *****751,494 words
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Advertisement1227 2006-09-28 27 VESSEL VOY 1 PKI I SIN KARACHI DXB BAB NHS PMAA BIK KHCWB~] IRAN TABATABAII PCL 8159 22/09 23/09 02/10 05/10 06/10 12/10 14/10 16/10 IRAN SATTARI PCL 8160 05/10 06/10 15/10 It/10 19/10 25/10 27/10 29/10 IRAN KORDESTAN PCL t!6l 08/10 09/10 lt/10 21/10 22/10 I 2t/10 I 30/1011,227 words
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Advertisement688 2006-09-28 27 W S&iSTA WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS vessel I vot sm I pjoawg coiomo N.SHEVA COLOWtO HOT* PEIWIU YPWO9I 20 SH 1 OMIT 24 SEP 27 SEP 01 OCT IWPUU GAWDHI 0107W 26 SEP 27 SEP 30 SEP 03 Oq 07 00688 words
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THE BUSINESS TIMES SHIPPING TIMES
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5378 2006-09-28 28 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Desfn Name Name Number Number 12/10 01/11 China Shpg NEW DYNAMIC 123A *****898 To ABIDJAN (ABJ) 2003 Cote D'lvoire 19/10 06/11 China Shpg MERIAN5,378 words
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BizIT
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922 2006-09-28 29 AMIT ROY CHOUDHURY - US and China are biggest source of attacks in Asia-Pac, says AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE latest Internet security threat report released by Symantec shows that 86 per cent of all malicious attacks worldwide are directed at home computer users922 words
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455 2006-09-28 29 AMIT ROY CHOUDHURY - It carries out disaster recovery simulation here By AMIT ROY CHOUDHURY INDIA'S fourth largest IT services company, Satyam Computer Services, yesterday launched its business intelligence, analytics and mobile applications global innovation hub in Singapore. Speaking at the launch, Singapore Economic Development Board (EDB)455 words
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305 2006-09-28 29 Reuters [NEW YORK] Finland's Nokia, the world's top cell phone maker, on Tuesday unveiled a pair of media phones and a music service in a bid to increase revenue and win back popularity lost to rivals. Nokia hopes to regain ground lost to phones suchReuters - 305 words
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258 2006-09-28 29 ROLAND LIM - By ROLAND LIM TO mark Singapore's 25 years of infocomm achievements, the Infocomm Development Authority of Singapore (IDA) and its partners have put together "innovationation", an exhibition for the public to learn about technology from the past, present and future. Held at Singapore258 words
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Article, Illustration609 2006-09-28 29 ROLAND LIM - It has over $10m in funds to break into South-east Asia By ROLAND LIM HAVING loaded up with more than US$lO million from investors, new online gaming operator Infocomm Asia Holdings (lAH) now has its guns drawn to shoot right into609 words
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Page 29 Advertisements
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Advertisement70 2006-09-28 29 To mark Singapore's 25 years of infocomm achievements, IDA is holding 'innovationation', an exhibition from Oct 11 to 15 for the public to learn about technology. In celebration of their 50 th anniversary Grand Banks will be having a and Eastbay Series If you are interested in W buying a70 words
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BizIT FOCUS: LIFE AT THE TOP
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Article, Illustration1629 2006-09-28 30 AMIT ROY CHOUDHURY - EMC's Steve Leonard keeps grip on things by remembering there's a bigger canvas than one we paint on, says AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY FOR a man who divides his time into 15-minute slots during working hours, it's quite a change to be able to1,629 words
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436 2006-09-28 30 Amit: How has IT changed your life in the past five years, both at work and outside work? Steve: If we talk at a personal level about IT changing my life in the past five years, I would honestly436 words
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Page 30 Advertisements
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Advertisement57 2006-09-28 30 fl I Fujfrsu I Fujitsu PC Asia Pacific S pledges "Built-in i Confidence" for every M product under its brand H t name to reassure users B of product and service I excellence. Rom Wgh S performance components S to stringent quality control I and professional after-sales I service, Fujitsu57 words
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Page 31 Advertisements
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Advertisement3887 2006-09-28 31 NOTICES X v/ A JL JLj Toll free: 1800-289-8822 Email: notices@sph.com.sg I IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF FISCHERHUDE (S) PTE LTD Company Registration No. *****0368W (IN MEMBERS' VOLUNTARY U0UI0ATI0N) At an Extraordinary General Meeting of the members of Fischerhude (S) Pte3,887 words
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PROPERTY
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788 2006-09-28 32 ARTHUR SIM - Redevelopment of old office buildings set to slow with rebound in sector By ARTHUR SIM WITH the rebound of the office property sector, redevelopment of old office buildings is likely to slow down with the few new residential apartments in the CBD788 words
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Article, Illustration496 2006-09-28 32 FEATURE Land, a member of the Tong Eng Group, yesterday snapped up two adjoining freehold sites in Sixth Avenue for $2.5 million at a Colliers International auction where three other properties including a freehold walk-up maisonette at Tanglin Hill Condominium496 words
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164 2006-09-28 32 SINGAPORE'S latest retail mall, Vivo City, will open for business next weekend with more than 90 per cent of the available space already taken up. For a start, about 60 per cent of Vivo City's 1.04 million square feet of net lettable area164 words
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379 2006-09-28 33 ARTHUR SIM - M'sian, Indon home buyers tie in top spot: report By ARTHUR SIM THE-proportion of foreign property buyers rose to 24 per cent in the third quarter, up from 22 per cent in the previous quarter, with Malaysians and Indonesians tying as top379 words
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261 2006-09-28 33 THE Institute of Estate Agents IIEA) yesterday launched a scheme to accredit agents in an effort to weed out unethical operators. The lEA's Central Registration Scheme (CRS) allows customers looking to hire an estate agent to log on to lEA's website www.iea.org.sg to check if261 words
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439 2006-09-28 34 UMA SHANKARI - Residential projects around the island making their way to the market By UMA SHANKARI DEVELOPERS are revving up the pace of their property launches, now that the Hungry Ghost Festival has ended. First up is The Centris at Jurong West, which439 words
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Article, Illustration330 2006-09-28 34 WHEELOCK Properties, which conducted a soft launch of its latest luxury condominium, Ardmore 11, on Tuesday, said yesterday that more than half of the units were snapped up on the very first day. About 52 per cent of the 118 units at330 words
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1609 2006-09-28 34 PROJECT NAME/ PROP CONTRACT TENURE BUHJ-W AREA PRICE P$F STREET NAME TYPE DATE (SQFT) (SS 000) District t NON-LANDED The Sail At Marina Bay Apt 15/09/2006 99 3767 5105 1355 The Sait At Marina Bay Apt 15/09/2006 99 13131,609 words
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Page 32 Advertisements
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Advertisement252 2006-09-28 32 rMßMSlsraSlSs^^^H^lsavillsl PRIME CBD COMMERCIAL BUILDING I* 13-storey commercial building with ground floor retail space. Gross Floor Area: 96,734 sq.ft. Nett Lettable Area: 72,122 sq.ft. (potential to enhance to 75,227 sq.ft.) Total Carpark Lots: 103 Tenure: 99 yrs from 19/3/1997 Walk to Tanjong Pagar MRT station. Easy access to ECP/AYE. Good252 words
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Advertisement106 2006-09-28 32 Rare Investment Opportunity MacPherson vicinity Freehold 9-storey Industrial Building 100% tenanted Land 37,000 sqft GFA 90,000 sqft For more information, please contact: Dominic Peters *****101/*****638 Edmund Lee *****965 *****631 Elf Seah *****126/*****330 For Lease Office: 301 fo 4160 sqft Restaurant/Shop: 576 1712 sqft Next to Shaw House/ Isetan Scotts Outside106 words
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Advertisement692 2006-09-28 32 >at^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MARITIME (PRIVATE) UMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****0425G NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Mem ben of692 words
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Advertisement84 2006-09-28 33 |I|U^ For Lease UE Print Media Hub, at Paya Lebar Road BRAND NEW, TOP Ist1 st Quarter 2007 5-storey building with basement carpark Units from 1,300 sqft 17,000 sqft Food Court in Building Next to Circle Line MRT Station Attractive Rentals Sole Marketing Agent ElfSeah 9693 4126/6415 7330 Cayce Kor84 words
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Advertisement1102 2006-09-28 33 J H MkLot:22-3315T ❖Total Site: *****.2 Sq Ft Plotßatio: 14 Building Ht: 5 storey V For more details /Tender documents please contact \Va StanleyKoo *****785 Jg* AAngeline Koh *****228 ERA u. f Jones Lang LaSalle Hotels" EXPRESSION OF INTEREST FOR SALE On behalf of Pacific Peace Investments Limited, acting by1,102 words
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Advertisement362 2006-09-28 33 FREEHOLD CONSERVATION SHOPHOUSES FOR SALE BY EXPRESSION OF INTEREST j: i 2 storey shophouses at I Excellent corner location Possible conversion to y hotel use Ideal for owner X CHU X Prise* occupation or investment /at/ P«jtrtw /qV ■WPQPJifWVJYPfTmPsS ny Contact: pm CB Richard Ellis B D C Investment Properties362 words
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Advertisement19 2006-09-28 34 Commercial Industrial Residential Investment Sales Collective Sales Valuation Research Consultancy Property Management •UK Residential International Sales Tel: 6536 502219 words
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