The Business Times, 27 September 2005

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Total Pages: 31
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 069/03/2005 Tuesday September 27,2005
    17 words
  • 660 1  -  GLOBAL ENTREPOLIS SINGAPORE Winners will be role models for local firms, says Mr Lee By CHUANG PECK MING [SINGAPOItE] Singapore will introduce a national award for manufacturing excellence to underline the continuing importance of manufacturing here and provide role models for innovation. Prime Minister
    ARTHUR LEE  -  660 words
  • 134 1 sn 2,317.58 (+24.54) ST INDEX FUTURES 2,318.00 (+25.00) siMsa 274.15 (+2.43) SIMSa FUTURES ***** (+3.10) MARKETS Monday Chang* KLSECOMP. 111 dM NIKKEI 225 13.392.63 +233.27 HANG SENG. 15,274.31 +130.34 SET INDEX 721.28 -4J3 JAKARTA COMP 1,034.58 +21.73 MANILA COMf 1.954.74 -4.77 SEOUL COMP 1,206.41 .+30.53 SHENZHEN B 221.55
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  • 475 1  -  Negative effects on consumption accompanied by pluses for sectors like oil refining By VIKRAM KHANNA, DANIEL BUENAS [SINGAPORE! The 180 per cent run-up in oil prices since 2002 has not hurt the Singapore economy significantly, and has even been accompanied by some positive
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  • TOP STORIES
    • 639 2  -  In staggered release, RFP for Sentosa project to be out in Q1 2006 By ALEXANDRA HO [SINGAPORE] For the second time, the Singapore Tourism Board (STB) has pushed back the launch of the Request for Proposals (RFP) for the integrated resorts (IRs). The
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    • 632 2  -  By ANNA TEO [SINGAPORE] Electronics was the one blip in an otherwise sparkling set of August industrial output results which economists say point to GDP growth of 5.5-6 per cent in the third quarter. A surge in pharmaceutical output and
      632 words
    • 620 2  -  BT exclusive Possible merger with Maybank after books cleaned up By s JAYASANKARAN in Kuala Lumpur BANK Islam, Malaysia's pioneer Islamic financial institution, is expected to announce this week provision of at least RMSOO million (***** million) for its financial year ended
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    • 691 2 S'pore economy on sound track, say economists SINGAPORE'S economy is on a sound track and showing resilience against shocks, but there are some reservations on the composition and quality of growth as well as the looming spectre of rising oil prices, economists at a recent forum concluded. MAS
      691 words
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  • SINGAPORE ECONOMIC ROUNDTABLE
    • 1200 3  -  But some have reservations on composition, quality of growth By DANIEL BUENAS, VIKRAM KHANNA [SINGAPORE] Singapore's economy is on a sound track and showing resilience against shocks, but there are some reservations on the composition and quality of growth as well as the
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    • 146 3 I'OHI'OHA! I a INVI SI Ml Ml BANK INC AV-I I M \U,*r.| Ml (J I I'l.'lV'.Ml VY! At I! I M-*'-; 11 1 I aiisikaiia At the centre of every market. B HONG KONC; At edge. 11 1 PAKISTAN w -warn iSSSf p.. ......in n linn 1 V tMPP,NE^
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  • COMPANY NEWS
    • 618 4  -  But aborted bid to run Delhi airport won't result in fallout with S'pore investors, it says Reports by ANGELA TAN .INDIA'S Bharti Enterprise is "very, very disappointed" that its Singapore consortium partner has aborted its bid for a management deal under the privatisation of
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    • 206 4 INDIA'S leading mobile phone company Bharti Tele-Venture is not looking for funds and says there is no scope for Singapore Telecommunications to raise its stake in the fastgrowing Indian telco at present. "There is no room. Somebody has to sell
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    • 543 4  -  HOCK LOCK SIEW By MICHELLE QUAH THE fight for Citiraya Industries has been portrayed in the past week especially as a battle of wills between its independent directors and the parties trying to wind it up. But far from being just good viewing, or
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    • 3612 4 UNIT TRUSTS FUNDS drt-EuropaonsCSEq.) I *****7/ (Mm taM Mft AMI Aaro Am( Ifgt (S'pore) aS&STBtM/* X.C.'.., IMS/ Star Euope Eqty!" 084* C*A«iit*asmicue —ATOMJGK Star Europe lond 1354/ CM Japan 1 Star Europe Bal 1.161/ OMond S'pore A/J 1 392/ Star Asian Tiger Eqty 1.061 CMond S'pore 8/$ 134* Sftr Asia
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    • 466 6  -  Merged entity creating a fund of Asian hedge funds business By LESLIE YEE SINGAPORE'S largest nongovernment asset management company Lion Capital a new merged entity which has more than $32 billion of assets under management —will be an active investor
      466 words
    • 181 6 OCBC Bank has appointed Bobby Chin Yoke Choong as a non-executive independent director of its board, with effect from Oct 1. the bank announced yesterday. Mr Chin, a 53-year-old veteran accountant', has been the managing partner of KPMG Singapore since 1992. He will retire
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    • COMPANY BRIEFS
      • 106 6 MACQUARIE'S stake in Prime Real Estate Investment Trust has been reduced from 25 to 20 per cent following the exercise in full of an overallotment option granted by Macquarie Real Estate Singapore, financial sponsor of the trust, to Macquarie Securities Singapore, sole global co-ordinator
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      • 56 6 STRATECH Systems says it's been awarded a contract to install a homeland security technologies product— its intelligent Vehicle Access Control System (iVACSTM)for yet another major US government agency. Stratech says the market potential for more installations is significant given that this agency has a
        56 words
      • 58 6 HESHE Holdings, which recently announced a deal to invest in Citiraya Industries, yesterday said that it has invested 700,000 euros (Ssl .4 million) in joint venture company Vic Technology. It now owns 70 per cent of the venture which will be responsible for Heshe's recycling
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      • 79 6 SESDAQ-LISTED New Wave Technologies has through its associated company, Manufacturing Network Pte Ltd—signed a memorandum of understanding (MOU) to manufacture and export cold drawn aluminium alloy tubes and rods to the North American market, the world's largest market for aluminium products. It
        79 words
      • 78 6 LISTED C2O Holdings said yesterday that a subsidiary C2O Mobile Pte Ltd has been appointed as an inbox accessories vendor for Nokia Corporation. C2O will provide Nokia t? approved card readers with USB connection for certain Nokia phones in Europe and China.
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      • 70 6 UNITED Industrial Corporation's (UIC) wholly-owned indirect subsidiary, Netpearl Sdn Bhd, has entered into a joint venture agreement with another Malaysian company, General Corporation Bhd, to buy and develop six plots of leasehold land in Selangor, for about $5.5 million. This is not
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      • 184 6 Bloomberg JAKARTA FT Matahari Putra Prima, Indonesia's biggest retailer by sales, has sold its 7.9 per cent stake in PT Hero Supermarket to Dairy Farm International Holdings. Matahari sold its stake in Hero at 6.351 rupiaha share. Matahari said in an e-mailed statement
        Bloomberg  -  184 words
    • 323 6  -  CHINA DEALS By SAMUEL EE AFTER rolling into China with its buses and taxis, ComfortDelGro Corp has now set up a driving school in Chengdu, the capital of Sichuan province. The school, Comfort Del first outside Singapore, is a 23 million yuan (Ss4.B million)
      323 words
    • 161 6 RETAILER Isetan has just opened its fourth department store in China: a 10,700 sq metre outlet in the northern city of Jinan in Shandong province. Isetan Singapore paid US$l.2 million for a 45 per cent stake in the Jinan store marking its first foray
      161 words
    • 531 6  -  By WONG WEI KONG ASIAN equities are set for a good year in 2006, with Singapore and Hong Kong expected to star, according to DBS Bank strategists. Stronger growth, the end of interest-rate hikes and an electrqnics recovery will be
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    • 382 6  -  By WONG WEI KONG HIGH-END property developer SC Global is embarking on a fund-raising exercise that could rake in almost $89 million from shareholders. The company, controlled by businessman Simon Cheong, said yesterday it is proposing a renounceable rights issue
      382 words
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    • 313 7 Canon s f Delighting You Always IiiHKBBBPI H H H |9SffiKflaj]l ITinQ I Itb SEE THE LIGHT AT THE STARTOF EVERY WORKDAY Hvrtl j, i <:■■■■■■.. »Vfc.-* 5 -1! j rt •'-'.Jk.lto, >> ,■>.■ 'U». i °i > ■■ft- >r t <tf. t >< ■>-' Htm*. The changing business climate
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  • SINGAPORE MARKETS
    • 503 8  -  STOCKS Easing of price pressure in oil markets and bullish regional bourses leave their mark R SIVANITHY Senior Correspondent THE Jardine Group, Capita Land and the banks yesterday helped catapult the Straits Times Index over the troublesome 2,300 mark, the improved sentiment coming
      Source: Bloomberg  -  503 words
    • 538 8  -  TRADES TO WATCH By MICHELLE QUAH MALAYSIAN tycoon Quek Leng Chan has gone into the open market yet again to acquire more shares in BIL International, just days before his takeover offer for the hotels company lapses. BIL disclosed to the Singapore Exchange
      538 words
    • Article, Illustration
      405 8 OTHER SINGAPORE INDICES Sep 26 VALUE CLOSE BT OB/OS 141.00 -25.00 IT CADI -*****.00 +82.00 ITIO-day MA -*****.00 +14.00 AH-SG Equities 592.83 +4.98 SG Equities Hart 138.48 +1.71 SGEquWesFtn 1659.55 +12.01 SG Equities Prop 702.17 +12.09 SIMSO 274.15 +2.43 SiMSCI Futures 274.40 +3.10 MOST ACTIVE STOCKS VOLUME GlobrtVoice 5c 37.092.000
      405 words
    • Article, Illustration
      910 8  -  Compiled by UMA SHAHKARI Singapore Exchange Sept 26 dose: $2.40 (JOB KAY MAN RESEARCH. Sept 26 THE Strafts Times reported that tougher guidelines imposed by the Indian government have raised fears that fewer companies from India will be able to list in Singapore. The new rules stipulate that
      Source: Bloomberg  -  910 words
    • 498 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar yesterday staged a brilliant recovery to levels not seen in up to two months, after weekend news that Hurricane Rita had spared vital Houston oil refineries, and to a lesser extent because the Group of
      Source: Reuters  -  498 words

  • COMPANY NEWS
    • 267 9  -  IPO WATCH Funds raised to be used for product expansion and R&D facility, among others By OH BOON PING CHINA-BASED Landwind Medical, which makes and distributes medical imaging equipment' in China, has lodged its preliminary prospectus with the Monetary Authority of Singapore for a mainboard listing.
      267 words
    • 241 9  -  By MATTHEW PHAN CHASEN Logistics Services a regional logistics service provider, is eyeing a Sesdaq listing. The company said yesterday that it has lodged its prospectus with the Monetary Authority of Singapore. Chasen, founded in Singapore in 1995, specialises in the relocation of
      241 words
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  • GLOBAL ENTREPOLIS @ SINGAPORE
    • 478 10  -  $650m to be invested in 2 countries by S'pore and foreign firms By CHEN HUIFEN SINGAPORE and Vietnam yesterday announced a total of 20 projects worth almost $650 million to be invested in the two countries, marking a new high in economic collaboration. Of
      478 words
    • 204 10 THE Center for Creative Leadership (CCL), a US educational institution, is to set up a research unit here which will conduct three leadership projects in Asia over the next three years. The research unit will study leadership patterns across continents and cultures, and
      204 words
    • 540 10  -  By DANIEL BUENAS ECONOMIC integration in Asean is hampered by bureaucracy, a lack of "institutionalised mechanisms" and by the limited absorption of business inputs, according to Asean secretarygeneral Ong Keng Yong yesterday. He said that Asean economic integration was primarily a matter of implementation,
      540 words
    • 437 10  -  By CHEN HUIFEN SINGAPORE has a good chance of becoming an Asia-Pacific hub for technology to meet the needs of disabled people, but greater understanding and application of such technology needs to be developed. "We do have the knowledge and technology for
      YEN MENG JIIN  -  437 words
    • 264 10  -  By DANIEL BUENAS SINGAPORE is rapidly becoming the place foreigners want to come to for surgery or other healthcare treatment. Jason Yap, director of the Singapore Tourism Board's Healthcare Services Division, said there were more than 320,000 medical tourists in 2004, up from about
      264 words
    • 379 10  -  By NANDE KHIN THE government has a twopronged approach to helping small-and-medium enterprises (SMEs) with finance needs, Spring Singapore's deputy chief executive Png Cheong Boon said yesterday. Besides working with financial institutions to make special financial platforms available to SMEs, it also
      379 words
    • 692 11  -  Private property firms are the likeliest candidates By JEAN CHUA AFTER almost a year of speculation that the real estate bubble in China if there really was one was going to burst any time, the industry is now talking about the latest investment craze, the
      AFP  -  692 words
    • 274 11 SINGAPOREAN and Indian healthcare companies can make use of the new free trade agreement between the two countries to help both nations to develop as medical hubs, according to India's High Commissioner to Singapore, Alok Prasad. Speaking at the Singa-pore-India Ceca (Comprehensive Economic
      274 words
    • 247 11 PARTICIPANTS of the Asean Business Connection conference at the Global Entrepolis Singapore were treated to a surprise presentation on business opportunities in East Africa yesterday. The unscheduled presentation was given by a business delegation from the East African Business Council (EABC), representing the private
      247 words
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  • SINGAPORE NEWS
    • 475 12  -  This will ensure obligations are met as natural disasters increase in scale, says MAS director By GENEVIEVE CUA A YEAR of terrible disasters around the world has demonstrated the urgent need for more sophisticated risk management by reinsurers the companies that eventually pick up
      475 words
    • 162 12 A 60,820 sq ft freehold site at Minbu Road in the Balestier area has come on the market. It is a collective sale involving 10 owners who among them own a 10-storey block of 40 apartments, a detached house, four semi-detached homes
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    • 365 12  -  By ARTHUR SIM CHINATOWN may see bars, pubs and health centres opening up after yesterday's revision by the Urban Redevelopment Authority (URA) of guidelines for allowable uses in Singapore's Historic Districts. As well as Chinatown, the revised guidelines will also apply to the
      365 words
    • 304 12  -  Single Japanese encephalitis shot expected 7-8 yrs By CHEN HUIFEN SINGAPORE-based vaccine company Sing Vax is partnering the Netherlands' OctoPlus to co-develop a sin-gle-shot vaccine against Japanese encephalitis (JE). The project will see both parties spending "several millions each" over the next five years
      304 words
    • 231 12 WHAT goes up does come down after all even grav-ity-defying petrol prices. Pump prices were cut by three cents a litre for petrol and diesel yesterday afternoon. Shell, which operates Singapore's second largest chain of service stations, was first to cut prices, at
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  • SMEspotlight
    • 577 13  -  Standardisation eases market acceptance at home and abroad, writes UMA SHANKARI UMA SHANKARI THE recently concluded general assembly of the International Organization for Standardisation (ISO) held in Singapore for the first time last week put the spotlight on one aspect of business that is usually
      577 words
    • 256 13 WHEN paying to exhibit at a trade fair, a manufacturer will want to know how many visitors he can expect to see. But different exhibition organisers have different ways of counting how many people pass by. "Some go by headcount, while others count the
      FILE PHOTO  -  256 words
    • 480 13  -  Centre offers consultant projects by SMU students, partly funded by UOB By NANDE KHIN SMALL and medium-sized enterprises (SMEs) that need consultancy expertise but don't have the resources to hire professional help tap the knowledge base of the Singapore Management University and United
      480 words
    • 692 14  -  SMALL CAPS Its soaring share prices get analysts bullish on its prospects as an acquisition target, reports ANGELA TAN ANGELA TAN SINCE Raffles Holdings sold its hotel business in July, the market has been abuzz with speculation the same could happen to service apartment operator,
      FILE PHOTO  -  692 words
    • 311 14  -  By TEH HOOI LING THE small cap sector continues to power ahead, adding a substantial 6 per cent in the five trading sessions to yesterday. Unfortunately, our small cap portfolio did not fare as well. Still, It advanced 1.1 per cent, outpacing tiie Straits Times
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  • Page 14 Advertisements
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  • ECONOMY WATCH
    • 679 15  -  But emerging economies fail to secure greater say in the two bodies By ANTHONY ROWLEY in Washington FINANCE ministers from around the globe came away from the International Monetary Fund (IMF) and World Bank annual meetings in Washington yesterday, congratulating themselves on
      REUTERS  -  679 words
    • 786 15 Central bank meets with 7 local outfits, HSBC, Citigroup, Deutsche Bank Bloomberg [SHANGHAI] The People's Bank of China (PBOC) may name banks including HSBC Holdings Pic. Citigroup Inc and Bank of China as market makers in die yuan, in a step towards
      Bloomberg  -  786 words
    • 401 15 LATEST US DATA Bloomberg [WASHINGTON] US sales of previously owned homes surged to the second-high-est level on record in August, spurred by steady job growth and interest rates within a percentage point of historic lows. Existing home sales rose 2 per cent to
      Bloomberg  -  401 words
    • 283 15 AFP [SHANGHAI] China's booming economy is expected to grow 9.2 per cent this year and 8.7 per cent in the first half next year, according to forecasts made by central bank researchers. The estimates were made in a report by researchers at the People's
      AFP  -  283 words
    • 650 18  -  MALAYSIA INSIGHT Worried UN urges better virus control policies; Bambang may shuffle Cabinet to induct more capable people SHOB KAGDA Jakarta Correspondent INDONESIA'S poultry industry is in the grip of fear and confusion as the government struggles to contain the outbreak
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    • 569 18 Indon telecoms market expected to double in size in next 2 years Bloomberg [SINGAPORE] Pt Indosat, Indonesia's second-biggest phone company, said that it may cilt prices of services or introduce products to take on rivals such as Hutchison Telecommunications International Ltd,
      Bloomberg  -  569 words
    • NOTE BOOK
      • 96 18 AFP [BEUING] Corporate China is far from ready to take over the world as only a tiny minority of Chinese enterprises have active plans for acquisitions overseas, a research report said Monday. Out of 176 Chinese companies that took part in a recent survey. 91 per
        AFP  -  96 words
      • 83 18 [SHANGHAI] Investment bank ÜBS is paying 1.7 billion yuan (***** million) for 20 per cent of troubled Beijing Securities, the first time a foreign institution has taken a stake in a mainland brokerage, said South China Morning Post, quoting a report published on Sunday. According to
        83 words
      • 64 18 AFP [KUALA LUMPUR] Malaysia said yesterday it will build three plants to produce biodiesel from palm oil to reduce its dependency on petroleum. Plantation Industries and Commodities Minister Peter Chin Fah Kui said the Malaysian Palm Oil Board (MPOB) will soon "commence the construction of up to
        AFP  -  64 words
      • 86 18 [JAKARTA] Indonesian mobile phone operator PT Bakrie Telecom plans an initial public offering of its shares in November, a company official said yesterday. "We're planning an IPO in November. More details about the IPO are being reviewed," said Nadia Mars, vice-president corporate communications for Bakrie
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    • 2032 18 Notices CALYON FINANCIAL PRODUCTS (GUERNSEY) LIMITED (Incorporated in Guernsey, Channel Islands with limited liability) NOTICE TO WARRANTHOLDERS TO: ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE UNITS OF ASCENDAS REAL ESTATE INVESTMENT TRUST ISSUED BY CALYON FINANCIAL PRODUCTS (GUERNSEY) LIMITED (ASCENDAS REIT CA ECW*****4) UNCONDITIONALLY AND
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  • GREATER CHINA/INDIA
    • 557 19 Bank of America strengthens ties with China's No 3 lender Reuters. Bloomberg [HONG KONGI China Construction Bank, the country's third biggest lender, is testing the market to raise as much as US$7.7 billion not including an over-al-lotment option in the world's biggest
      Reuters.; Bloomberg; BLOOMBERG  -  557 words
    • 255 19 Sensex up 3.1 after US refineries escape Rita Bloomberg [MUMBAI] India's key stock index had its biggest gain in 16 months after US refineries escaped major damage from Hurricane Rita, sending oil prices lower and boosting expectations of higher economic growth for Asia's third-largest importer of the fuel. Reliance Industries
      Bloomberg; Source: Bloomberg  -  255 words
    • 370 19 Bloomberg [SHANGHAI] China plans to accelerate development of its futures and derivatives markets to help companies cope with currency and stock fluctuations in a more market-driven financial system, officials said. The government is considering introducing inter-est-rate and stock-index futures, Cheng Siwei, vice-chairman of
      Bloomberg  -  370 words
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    • 141 19 GOLDHEART JEWELRY PTE. LTD. (Incorporated in the RepabHc of Singapore) Co. Reg. No. *****2328 G I.OST CERTIFICATES Application has been made to the Directors of die abovenamed Company to issue duplicate share certificate for the following certificates which has been reported lost. Certificate No. Name TMn rrf nf SSI 0"
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    • 274 19 r I r i I 1 asia business oxford k i: I Mk'BM executivuducation \*S LEADERS FORUM 2005 I Hi CKiIT-T m m. 4 w uSSeSS MMWCaiI ®F I STRATEGIES FOR NOVATION I 17 18 OCTOBER 2005 PAN PACIFIC HOTEL. SINGAPORE I Learn from some of the most influential leaders
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  • ASIA-PACIFIC/WORLD
    • 599 20 Rita inflicted less damage than Katrina but 16 refineries still shut AP. NYT, Reuters [WASHINGTON] Concerned about Hurricane Rita's damage to coastal oil refineries, President George W Bush is turning his attention to the US energy industry even as relieved investors prppelled stock prices
      AP.; NYT,; Reuters; REUTERS  -  599 words
    • 326 20 AFP [SYDNEY] Australian TV mogul day alleged Court that he hadfbeen warned that iiiftkiiA barons Rupert Murdoch and Kerry Packer were working together against him. Mr Stokes is seeking more than Asl tyjjUon (Ssl.2 billion) ismafcges over the demise ofnis Seven Network's pay-TV Sports
      AFP  -  326 words
    • 430 20 But he gives no details about ties with Asian nations Reuters [TOKYO] Prime Minister Junichiro Koizumi yesterday told Parliament he was determined fe%Wshrffiead with privittfiligjapan's postal system and other reforms. But his policy speech to the Lower House was short on
      Reuters  -  430 words
    • 358 20 Reuters [AMSTERDAM] Developing countries could raise billions of dollars in additional revenues if they put excessive luxury taxes on the purchase of mobile phones, a study found yesterday. Some of the world's poorest countries impose special taxes whirti make mobile communications expensive and
      Reuters  -  358 words
    • WORLD WATCH
      • 93 20 AFP [FRANKFURT] Executives at Deutsche Boerse are interested in pursuing merger talks with Paris-based rival Euronext, toe Financial Times reported yesterday. Mathias Hlubeck, acting chief executive at Deutsche Boerse. has told shareholders at recent meetings that he is "receptive" to holding talks
        AFP  -  93 words
      • 99 20 Bloomberg [NEW YORK] Buyout firm Apollo Management raised US$lO billion for the world's second-largest takeover fund. Apollo is putting US$25O million into the fund, said Erik Hirsch, chief investment officer for Hamilton Lane Advisers, who helped line up investors for the fund. Hamilton
        Bloomberg  -  99 words
      • 74 20 Bloomberg [GENEVA] Food giant Nestle named Procter Gamble Co's Paul Polman chief financial officer and said Wolfgang Reichenberger, the current CFO, will step down to run a 500 million-euro (Ssl billion) venture capital fund for Nestle. Mr Polman, 49, will start in
        Bloomberg  -  74 words
      • 119 20 Reuters (LONDON] Two of Britain's top business groups yesterday renewed calls for a hike in the country's retirement age to ward ofT a pensions crisis, setting the centre-left Labour government and unions on a collision course. The Confederation of British Industry and
        Reuters  -  119 words
      • 84 20 AFP [DUESSELDORF] E.ON, Germany's leading power supplier, yesterday said it planned to buy British gas supplier Caledonia Oil and Gas Limited (COGL) for around £470 million (Ssl.4 billion). "We are acquiring Caledonia Oil and Gas Limited (COGL), a British gas production company
        AFP  -  84 words
  • Page 20 Advertisements
    • 887 20 1 o macquarc MACQUARIE BANK LIMITED (ABN 46 008 583 542) (Incorporated under the laws of Australia) NOTICE TO WARRANTHOLDERS To all Holdara of 10,000,000 European Style Caah Settled CaN Warrants expiring on 16 December 2005 relating to the units of Aecendas Real Estate Investment Trust (ASCENDAS REIT MBL ECW*****6)
      887 words

  • WORLD
    • 682 21 Low interest rates help push deals worth US#1.97t in 2005 Reuters [LONDON] Bankers are expecting booming mergers and acquisitions (M&A), which have touched US$l.97 trillion this year, to continue to thrive next year. Fuelled by low interest rates, cheap debt and cash-rich
      Reuters; Source:  -  682 words
    • 77 21 [LONDON] Vicky Patterson, an author of a book on diamonds, wears the 67.5 carat Black Orlov diamond at the Natural History Museum in London. The diamond has become a legend after tales that it is cursed and was responsible for the violent deaths of two
      AFP  -  77 words
    • 433 21 TECHNOLOGY TACTICS NYT Bloomberg [NEW YORK] Microsoft Corp yesterday unveiled its own system for selling Web advertising as it struggles to compete with Google and Yahoo in the expanding Web search business. The adCenter system, to be used by MSN, is meant
      NYT; Bloomberg  -  433 words
    • 308 21 NYT [SAN FRANCISCO] Sun MidDsystems is hoping to steal market share from Microsoft with the release today of a new version of its business software collection, Star Office, with improved compatibility with Microsoft Office. Star Office 8, which includes a spreadsheet, word processor,
      NYT  -  308 words
    • 415 21 NYT. AP [NEW YORK] Like all search engines, Google helps people sort through information from the past. But a new service, being used inside the company, tries to forecast the future. Google has created a predictive market system, basically a way for
      NYT.; AP  -  415 words
    • 540 21 Exchange has yet to complete custodian bank contracts Bloomberg [DUBAI] Dubai planned to open an exchange yesterday to lure investors and companies from outside the United Arab Emirates. The problem is, there are no stocks to offer. The Dubai International Financial Exchange
      Bloomberg  -  540 words
  • Page 21 Advertisements
    • 34 21 C™ f» mm»MMaiiiiiijainirt I w wm warn ufr *3F MB? MR in 90 BOUND 3" I lijSolwSS [ST Moum Mytewd V|»lWf W§QHwhii Wwiow*XEfrwl—low!matOWte* P*MCC AiiV*V)nj(i Mi ®ntf fivHiy MOW wCHocawrenwias gar* lw»<m<T43s *UWW»I»fIWr iijiirQ—wJjjICWU.
      34 words

  • AVIATION
    • 501 22 3-year deal offered to end 24-day strike, to boost pensions, bonuses Bloomberg [NEW YORK] Boeing Co, the world's largest aircraft maker, reached the quickest labour settlement in four decades with its machinist union to resume production in the strongest commercial plane market
      Bloomberg; AT  -  501 words
    • 250 22 AP. Bloomberg [KUALA LUMPUR] The national carriers of Malaysia and Myanmar yesterday signed a code-sharing agreement to provide daily flights between Kuala Lumpur and Yangon another step in the region's plan for open skies by 2008. Beginning Oct 30, Myanmar Airways will re-route its services
      AP.; Bloomberg  -  250 words
    • 220 22 AFP [PARIS] European airplane builder Airbus has acknowledged that there were previous jammed nose-wheel incidents similar to the one which caused a spectacular emergency landing in the US earlier last week. "These incidents all ended without a problem and we must await
      AFP  -  220 words
    • 201 22 It covers 65 regional jets and 5 turboprop planes Bloomberg [MONTREAL] Bombardier Inc, the world's third-larg-est maker of commercial aircraft, said that it has completed a US$l.7 billion customer financing agreement to help the company to sell more regional planes. The financing, from an
      Bloomberg  -  201 words
    • 265 22 Bloomberg PALLAS] Mesa Air Group Inc, which primarily makes regional flights for larger airlines, said it will begin service in the Hawaiian Islands after the region's two main carriers filed for bankruptcy. Regional jets will fly to Hilo, Honolulu, Kona, Lihue and Maui,
      Bloomberg  -  265 words
    • 1513 22 n FU I,T DopaiM S0141 1145 S0142 093S mas j§ ijg u$770 2300 DBij SQ435 0550 SQ436 2030 I SQ229 2300 D«fc« QW626 1230 QW627 1910 flii Mttp A*— SQ347 ~0555 JPgS ]fg K* 92 MM EK433 0215 Sq281 0855 EK432 2005 "N&I I MO Wl!
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  • Page 22 Advertisements
    • 79 22 BT Deal of the Week I Exclusive Business Class Airfares with ZUJI AIRFARE HOTEL WEATHER Bali $506 j $299 1 Garuda Indonesia IntefContinental Resort Bali Sunny I jgjjjjjjjjjj|jj~ Shanghai $887 Bangalore $1,099 (Indian Airlines) $486 (The Oberoi Bangalore) London $3,150 (Qatar Airways) $488 (Park Lane Sheraton Hotel) 4fc I brought
      79 words
  • Page 22 Miscellaneous
    • 207 22 CRYPTIC CROSSWORD 27 Takes 28 Drop of French perfume (7) 15 George confused with US I Across: 1 Reveal, 4 Free hand. 9 find outrageous (9) Unload, 10 Sluggard, 12 Edam, 13 Doee,e 16 Marines-different class (7) Erato, 14 Alec, 17 Turning point 20 1 Bit of resistance in bar
      207 words

  • SHIPPING
    • 653 23 Questions about hastily negotiated contract that could total US$236m AP [WASHINGTON] When Carnival Cruise Lines agreed to lease three ships to the government to house evacuees from Hurricane Katrina, the company president portrayed it as an act of compassion' intended to "provide desperately needed
      AP; AFP  -  653 words
    • 288 23 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's sec-ond-largest shipbuilder, said it has received an order for one drilling rig valued at 511 billion won (SsB32 million) from Sea rill Ltd. The vessel will be delivered by March 2008, the Seoul-based company said
      Bloomberg  -  288 words
    • 140 23 AFP [KUALA LUMPUR] Two oil tankers have been seized and the Indonesian and Myanmarese crew arrested after illegally entering Malaysian waters and transferring oil from one to the other, marine police said on Sunday. Marine police on Friday evening detained the Homo,
      AFP  -  140 words
    • 289 23 S6X '900 Sep 26 SS Vol CH Offshore .0.41 0.01 2010 ChuanHup .0.93 0.02 5401 Casco Corporation .2.63 0.06 2576 CWT Distribution 0.75 0.02 131 Ezra Hldgs 1.61 0.01 4540 Freight iSks s 0.06 -0.01 1479 Grand Banks Yacht 0.95 unch 79 Jaya Holdings 1.40 0.01 1096 K1
      289 words
    • 485 23 Bloomberg [OSLO] The cost of shipping crude from the Persian Gulf to refineries worldwide may climb for a fifth consecutive week as an increase in bookings leaves oil companies with fewer ships to hire. Forty-four very large crude carriers, or
      Bloomberg; ap  -  485 words
    • 218 23 Reuters [LIMASSOL, Cyprus] The European Commission will present wide-ranging proposals in November to enhance maritime safety and introduce better cohesion among the 25 EU member states, transport commissioner Jacques Barrot said yesterday. Mr Barrot, addressing a shipping conference in Cyprus, said
      Reuters  -  218 words
  • Page 23 Advertisements
    • 1333 23 r l TTL HOLDINGS LIMITED (Company Registration No. *****1719E) (incorporated in Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of TTL HOLDINGS LIMITED (the 'Company') will be held at 1 Orchid Club Road. Orchid Country Club, Sapphire 2, Orchid Lodge, Level 11, Singapore *****2 on Thursday, 13 October
      1,333 words

  • EDITORIAL & OPINION
    • 500 24 EDITORIAL THE government is set to refine the 50-year-old Central Provident Fund (CPF) again in order to generate better returns for the fund's pool of more than three million members. It is now studying the possibility of designing a "default" pension plan as well as
      500 words
    • 914 24  -  New study says cutting subsidies, scrapping barriers would benefit American interests LEON HADAR Washington Correspondent Wjf HEN Americans want to proclaim that a certain national institution or value is beyond criticism or reproach, they tend to stress that it is "as American
      BLOOMBERG  -  914 words
    • 758 24  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent EUROPEAN Commission chief Jose Manuel Barroso is a cautious man who makes no secret of his reluctance to get entangled in the complex domestic politics of the European Union's 25 member states. But only days after Germany
      758 words
    • 1537 25  -  2008 Olympics and 2010 World Expo will also boost infrastructure and tourism in a big way By ROY KHENG CHINA will host two top international events: the 2008 Olympics in Beijing and the World Exposition in Shanghai in 2010, that will
      AP  -  1,537 words
    • 893 25 AP GOLD is hovering near 17-year-highs. What that means depends on who's doing the interpreting. According to one school, demand from China and India is pushing the price higher, but another school insists gold is up because Western investors are convinced
      AP  -  893 words


  • 9934 26 SGX MAINBOARP 52-VMi Tel Last Vol My Laat Quota Grtt* Mr flrtM MM Ma Wgh Law Coda Company Sate W- fOOQ) Low Buyer Satar CVr P< 10 2 5716 1st Software 5c 3 -0.5 4055 3.5 3 3 3.5 111 28.5 8 5 3148 BTelecom US2c 9.5 unch
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  • Page 26 Advertisements
    • 55 26 i Why would you trade Contracts for Differences (CFDs)? I-* i' k'l i ,u. !1 f' 11' i f .i!i''i''r, t 1 1 I '•''■i'i' 1 i r M i•. hi.-titi. «l •i. tf'i-. 't i"" i 'I I i lit l(; t!,|( 111 i( ti 1 I 1 1'
      55 words

  • 6071 27 FINANCE COMMODITIES INTERBANK CROSS RATES StpX AS C$ Rmb Euro HK$ bid to Rapt* Yto Won MM NSUh too SS Rnd Sfr NTS BaM Pound \K$ 1 Australia 0.889. 6.126 0.630 5.874 33.176 77.489 0.851 7.835 2.854 1.102 ***** 42.610 1.276 4.825 0.881 25.116 31.181 0.427 0.757 Canada 1.125 6.889
    6,071 words

  • Page 28 Advertisements
    • 1213 28 jj|j [if i 1 ■RHK y IV p,g- >-4iifr i ill liiiiirKLV M im "HjBL J 1 NYK GROUP SOUTH ASIA PTE LTD N YKunor hfe3 TS ML LIME Fax:*****Bs6(Regionalsates)/*****109(0P5V6299 5785(Daxrnertetion) U NIPPON YUSEN KAISHA TOKVO «MKU tUMMA. U& (C/R NO **********06) MM MB |?i iMMMA ttTWH SSllrtw w^iwLrfcn.iiiii Furop>
      1,213 words
    • 687 28 —-—I HSHh®JSSB«SS i vßsa/vor umn) hbowtw no km lo sw *r SIIAITSWnUKM/05 I' IS 3J 30/04 01/10 #4/10 04/10 11/10 SlUfJSfflm* 21/05 IS U 13/10 14/10 20/10 7VIO 25/10 lsmnswnwtn/05 is 12 27/10 wio ovn 04/11 I 01/11 I VBSft/VOT I MMWtT) HBGHUM) I tol'swllM STB MB «T IS» I
      687 words

  • Page 29 Advertisements
    • 1027 29 www.hambufgsud.coni 1 asia soma suwc kotow) asia savxi sums l (txrotp igaiamm SSMSS. SBMB. aSH agg "M" anal MLMK —OHMS BO auwi sawos »m> Umki s«i*ot 504W a/w o»/io n/io 20/10 22/10 23/10 c^iMmShwoi/ioM/ioS/ioSoi 30/10 bptamoa SO4W 05/10 14/10 24/10 27/11 If/10 30/10 taMM!IOIW 01/10 11/10 02/11 OVII 04/11 HYIFattaOIOW
      1,027 words
    • 1000 29 vssa vorfsiTreii hoi rasa voy si re jkt GOUHITUDt 513K I 2»/f I 29/9 1/10 AfIHMMB HIS ~57W~ 4/10 7/10 CAffSAMTIASO 004 M I 4/10 I 5/10 7/10 AOtrUMBtIA 004S 10/10 11/10 14/10 IGOUBMH ***** I 11/10 I 11/10 14/10 IttXHfflßlA MIPS 17/10 11/10 21/10 rasa vw re sw BO
      1,000 words
    • 746 29 W WEEKLY EXPRESS SAILING SCHEDULE ALBO ACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS vtssa vot aw Mmi6|(Oiomo lit smv* cotomo HfflffuTlllOM T7W~ ~n Sff PHOT MOfT C 7 off IQttffWMA YWB7I 04 Oa IS OCT MOO 1100 MOO mi»i ciiinw OQI7W 10 00 lion 14 OCT 17 OCT MOO
      746 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7161 30 fTA HA AM* VMM( «W IT* t» M VtQg T**M. sp. P«»f■, ,,.]Www Nw* MN Dwt-n Mm ;j r f j "w*g^. 18/12 1«01 NGPl FOYUBANK ST93 *****288 To ABIDJAN (ABJ) 2003 Ceta D'lvoJr* To aLOTAU (GUR) 2465 Papua Naw Gulnaa 04/10 16/11 CMACGM
      7,161 words
  • Page 30 Advertisements
    • 608 30 lllfijlf WALLENIUS WILHELMSEN W wobsito: http://www.2wglobfll.(Q»n nc MAP HOW HO SAY OAI OW HTC WW HI TAMBUNf A 1520 330fc« MM I 20/09 21/10 30/10 03/11 07/11 05/11 TAMO Af $27 420tm MM I 05/10 30/10 00/11 11/11 17/111 IS/11 TAUMff Af552 400fcaf |MM 13/10 09/11 10/11 33/11 3S/11 35/11
      608 words
    • 350 30 sy —3V- IE lllllim ffi""ii w=*=h=* \HiWH! mm ir/Hliiflin i gwnw* I w»»»| 3/w| jjfl? I ?7fl» 1 fffl? I _tumuki m. a/U >i/ti ygy *«j H/;»| w/n laggMfa Ist, 1 aw 1 ™Lj£lSi^SsS Mtljlii lli_ll 1 PKUUiSM irtL I iltL iAi I irtL 1 irtL bfjit kSi I 1
      350 words
    • 320 30 i BSA a. r, MYANMA HH FIVE STAR UNE (Myamor Notiosal Um) [»■<■! ff Y—f— vissa vor sm pkl pin pgu PAGAN WW at PAGAN 34fW SU HI MALAYSIA: IOUSTUD SHIPPING AGENCIES KUI/PKL 03-300 SUM PEN: 04-*****15 An™"* MKBk ACCIPTIM COiVEITIOMAI C>o VESSEL VOY HKG SI POO PKI KIK MAINE
      320 words


  • PROPERTY
    • 505 32  -  Company is expanding Phuket hotels, may run Chiang Rai resorts By ALEXANDRA HO PLANS for DTZ Debenham Tie Leung to extend its hospitality management operation overseas are all built on an original happy accident, according to the property consultancy's execu- tive director, Heng
      505 words
    • 328 32  -  By KALPANA RASHIWALA THE tender for the choice Orchard Turn site will close on Dec 8, the Urban Redevelopment Authority said yesterday. The 99-year lease on the site will be awarded solely on the basis of price. Market watchers expect the top
      328 words
  • Page 32 Advertisements
    • 299 32 4 Buildings One single-storey building Tenure :60 we f 1969 One 2-storey building No Cround Rent Two 3-storey buildings u "y Air-Conditk>ned Land Area 261,400 sq ft Ample Car Parking lots CPA 304,700 sq ft Within Toa Payoh Housing Estate m For enquiries/ please contact: OFFICE SPACE AT THE HEEREN
      299 words
    • 106 32 Residential Redevelopment Site at Minbu Road ■■■■■■■■■■■■■■M*®"* 1 1-111 Freehold An^lo-Chlnei* Ch<Po Site area: 5,650.3 sqm (60,820 sq ft) v Biltstiir w -i. i PUu Residential ..TP. Mutter MM Hrtghti plotßatk)2-8 rr« 100% Consensus Obtained 1 Novtni cjiaicrT m. CTE MKT utt fiobinion 1 Nom Wf .if* 1 Near to
      106 words