The Business Times, 27 October 2005

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Total Pages: 34
1 34 The Business Times
  • 14 1 THE BUSINESS TIMES Thursday, October 27,2005 SINGAPORTBSreRb online at http://business-times.asial .com.sg MICA (P) 089/03/2005
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  • 709 1  -  Sources say $181 m preferential tranche also met same fate By LESLIE YEE [SINGAPORE] Retail investors have snubbed the $60 million ATM offering of Capita Mall Trust (CMT) and sources indicate that CMT's $181 million preferential offering has also been undersubscribed. Market players are wondering
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  • 140 1 sn 2,228.79 (+2.33) ST INDEX FUTURES 2,229.00 (+2.00) SIMSCI 263.63 (+0.62) SIMSCI FUTURES 264.40 (+1.90) MARKETS Wednesday Change KLSE COMP 905.21 +0.46 NIKKEI 225 13,395.02 +114.40 HANG SENG 14,458.14 +33.26 SET INDEX 685.04 +8.20 JAKARTA COMP 1,062.175 +0.003 MANILA COMP 1,934.55 +7.06 SEOUL COMP 1,179.00 -2.28 SHENZHEN B
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  • 885 1  -  S'pore companies acquiring assets overseas even as foreign buyers step up purchases here, say analysts By WONG WEI KONG [SINGAPORE] The spate of takeover offers for listed Singapore companies in recent months may yet continue. But smaller transactions rather than mega deals
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  • Page 1 Advertisements
    • 39 1 SUPPED FELL 1 f Shipping figure Lua Cheng Eng in intensive care PG3 BizlT Strong chip sales likely in second half PG2B In the hot seat The latest trends in office furniture I I 1 I 11l R RR7ißi"^nnn(U
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    • 41 1 CORPORATE fIEB RESULTS Creative Q1 earnings downBs% pg4 SHIPPING Bunker fuel tests spark speculation of tampering pgis s"<-v"^^H V v S r 'jm mjj^''' i jtf fe; .f jaE-' ASSIOMA -4" HILTON DE PART MEN WATCH JEWELLERY. SINCERE FINE WATCMtHM^^^^^^^^^^^^B mmm^pp%>. <*
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  • TOP STORIES
    • 529 2 Hu Jintao accepts PM Lee's invitation to visit S'pore SINGAPORE and China relations got a further boost yesterday after Prime Minister Lee Hsien Loong met with Chinese President Hu Jintao who accepted Mr Lee's invitation to visit Singapore. Mr Lee also met with National People's Congress chairman Wu
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    • 509 2  -  Strong showing bodes well for third-quarter economic numbers By ANNA TEO [SINGAPORE] An unexpected surge in pharmaceutical output powered September's industrial production to a 21 per cent jump erasing fears that the flash estimate of third-quarter GDP growth will be revised down. Economists
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    • 862 2  - China and India as superpowers a futurist's perspective A consultant looks at the trends that are shaping the new order Reports by CONRAD TAN [SINGAPORE] Futurist and consultant Rohit Talwar, in town to address some 400 government delegates on security issues and the challenges that lie ahead, says everyone knows
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    • 152 2 [SINGAPORE] Futurist Rohit Talwar is determined to raise $1 million for the victims of the devastating Oct 8 earthquake in Pakistan, which killed more than 50,000 people and took away the livelihoods of a further 1.1 million. As chief executive of London-based consultancy Fast
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    • 435 3  -  He underwent operation after a fall in Beijing By GEORGE JOSEPH [SINGAPORE] Well-known Singapore maritime and establishment figure Lua Cheng Eng is under intensive care in a Beijing hospital after he tripped and fell in his hotel on Tuesday night. Mr Lua,
      FILE PHOTO  -  435 words
    • 695 3  -  PM Lee, Chinese leaders discuss bilateral, regional cooperation By NANDE KHIN in Beijing SINGAPORE-China relations got another boost yesterday when Singapore Prime Minister Lee Hsien Loong met Chinese President Hu Jintao, who accepted Mr Lee's invitation to visit Singapore. Mr Lee also met
      LIANHE ZAOBAO  -  695 words
  • Page 2 Advertisements
    • 388 2 M v i .q^i FTTj 11 /''iTfTTfTTl^^^lßßi!BßP!^wffinßßMli^B Sole Distributor: SERANQOQN n Appollo Sellappas Mega Department Cold Mart 3 Campbell Lane, 153 Dunlop Street Tel: *****691 Bhatia Brothers Pte. Ltd. 1 North Bridge Road Bharath Watch Pte Ltd 172, Serangoon Road Tel: *****029 #01-36 Hiqh Street Centre Tel: 6339 3700 Emri
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    • 98 2 Our qualified professionals a f can assist you with offshore structures, shelf companies and incorporations in ALL sDhR jurisdictions including: British Virgin (stands •.Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate
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    • 23 2 T"N Geta /~i/P==) Leading J—t/ c f Edge Your sailing schedules get wider attention in I The Business Times shipping pages Shlpping Times
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  • Page 3 Advertisements
    • 100 3 BT ONLINE: BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times.asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. Introducing The Tiffany Grand vrS '<-> J# 4'^.v' s o 3 ///l/'^^i m*" 0 i jfl nl|L; > }%i m//
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  • COMPANY NEWS
    • 607 4  -  Meeting the Act is even more critical for non-profit organisations By WONG WEI KONG SINGAPORE companies will profit from meeting the requirements and standards of the Sarbanes-Ox-ley Act (SOX) even if they are not legally bound by the US legislation and it is even more
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    • 749 4  -  HOCK LOCK SIEW By R SIVANITHY WARRANT issuers Deutsche Bank and Macquarie Securities have certainly shown admirable sensitivity to the needs of local players by issuing a total of three call warrants on the shares of China Construction Bank (CCB),
      749 words
    • 516 4  -  CORPORATE EARNINGS Analysts divided over Creative's future performance By ROLAND LIM DESPITE its revenue growing by a third and its sales of MP3 players more than doubling, Creative Technology suffered an 85.5 per cent plunge in net profit for its first quarter ended Sept 30,
      FILE PHOTO  -  516 words
    • 324 4  -  By AMIT ROY CHOUDHURY UNITED Test and Assembly Center (Utac) has posted a three-fold jump in net profit to a record US$lO.5 million for its third quarter. At the same time, it said a special resolution for a selective capital reduction
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    • 439 4  -  By ARTHUR SIM ASIA has been good to Osim International. Will the United States follow suit? For the first nine months of this year, group revenue for the healthcare and lifestyle products group jumped 51 per cent to $354.8 million,
      439 words
    • 412 5  -  It is seeking nod from shareholders to create 260,000 preference shares By LESLIE YEE UNITED Overseas Bank (UOB) could be looking to issue preference shares for the first time in recent years to help achieve better capital efficiency. UOB is seeking shareholders' approval for
      FILE PHOTO  -  412 words
    • 613 5 DBS is expected to earn $460 m and UOB $412 m Reuters SINGAPORE'S two biggest banks, DBS Group Holdings and United Overseas Bank (UOB), may report higher third-quarter profits tomorrow, boosted by firmer property prices and buoyant stock trading.
      Reuters  -  613 words
    • 362 7 Township for Jiangsu's middle-income group to be built over 6 years KEPPEL land's equal joint venture with Surbana Land (China) City One Township Development has bought a 35-hectare site in Wuxi for $146 million. The deal with Wuxi Land Bureau was announced
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    • COMPANY BRIEFS
      • 89 7 MAINBOARD-Iisted Huan Hsin Holdings' net profit was up 37 per cent to $7.9 million for the quarter ended Sept 30. Revenue was up by 35 per cent to $156.4 million during the same period. For the first nine months of the year,
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      • 83 7 MAN Wah Holdings, a home furnishing group, yesterday announced that its subsidiary. Man Wah (Macao Commercial Offshore), has secured a HK$ 10.9 million (S$2.38 million) sales order from UK's of Leather. The sales order from the London Stock Kxchange-listed new customer is in addition
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      • 89 7 AZEUS Systems Holdings, a Hong Kong-based provider of information technology (IT) consultancy services, yesterday reported that its net profit rose 410 per cent to HK$6.8 million (S$l .48 million) for the six months ended Sept 30. This came on the back of
        89 words
      • 88 7 NASDAQ-listed Multi-Fineline Klectronix Inc announced yesterday that its majority stockholder. WBI. Corporation Ltd, or Wearnes. has agreed to serve as a source of expanded manufacturing facilities for M-Flex, if needed. Wearnes is also ready, if necessary, to provide packaging services to assist M-Flex in
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      • 76 7 HYFLUX Ltd has reached a shareholder agreement with RB (Labuan) Ltd under which each will take a 50 per cent equity interest in SinoSpring Utility Ltd, a company incorporated in the British Virgin Islands. SinoSpring's primary business is to invest in water projects
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      • 82 7 THOMSON Medical Centre yesterday said its wholly-owned subsidiary, Thomson International Health Services, has been appointed by Protrade Corp as the hospital consultant for the development of a private hospital for women and children in Vietnam. The deal marks the first overseas hospital consultancy contract
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      • 39 7 AQUA-TERRA Supply announced yesterday that it has used $3.4 million of its net proceeds of $9.2 million from its recent placement of 15 million new shares as working capital to support business growth.
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    • 309 7 SINGAPORE-LISTED property giant Capita Land said yesterday it will proceed with plans to invest US$lBO million in The Link Real Estate Investment Trust (The Link Reit), slated for a listing on the Hong Kong bourse by year end. Capita Land also
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  • Page 4 Advertisements

  • Page 5 Advertisements

  • SINGAPORE MARKETS
    • 562 6  -  STOCKS Local market manages to avoid loss as unconvincing Wall Street continues to dampen sentiment R SIVANITHY Senior Correspondent THESE days, it's seen as a triumph if the local market manages to avoid a loss instead of rallying strongly as was the case a
      Source: Bloomberg  -  562 words
    • 530 6 TRADES TO WATCH MALAYSIAN tycoon Quek Leng Chan's deemed interest in BIL International has crossed the 50 per cent threshold limit as the general offer by High Glory Investments (HGI), a wholly owned subsidiary of Mr Quek's Guoco Group, became unconditional at
      530 words
    • Article, Illustration
      436 6 OTHER SINGAPORE INDICES Oct 26 VALUE CLOSE BT OB/OS -689.00 +222.00 BT CADI -*****.00 +38.00 BT 10-day MA -*****.00 -69.00 All-SG Equities 573.83 +2.66 SG Equities Elect 120.89 -0.86 SG Equities Fin 1637.27 +2.08 SG Equities Prop 700.00 +6.78 SIMSCI 263.63 +0.62 SiMSCI Futures 264.40 +1.90 MOST ACTIVE STOCKS VOLUME
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    • 1082 6  -  Compiled by UMA SHANKARI Venture Corporation Oct 26 close: $12.60 KIM ENG RESEARCH, Oct 26 WE are upgrading Venture Corp to "hold" on valuation. Share price has declined 18 per cent in the last one month after our "sell" report, and is now below our target price of
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    • 432 6 CURRENCIES AFP [TOKYO] The US dollar was firmer against other major currencies in Asian trade yesterday after stumbling on soft US consumer confidence data that contrasted with a brightening picture in the eurozone, dealers said. The US dollar rose to 115.10 yen in
      AFP; BLOOMBERG  -  432 words

  • Page 7 Advertisements
    • 99 7 UNITED OVERSEAS BANK LIMITED (Incorporated in Singapore) (Co Reg No *****0026Z) LOST SHARE CERTIFICATES The undermentioned certificates have been reported lost, destroyed or mislaid:Name Certificate No. No. of shares SOH CHENG KIAT *****31-5 300 -do- *****32-8 120 -do- *****14-4 84 -do- *****50-4 25 NOTICE IS HEREBY GIVEN that new share
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    • 53 7 I I 1 s c i I 1 I Non-stop innovation is the only way we know. Designing the new A 350-900 with improved engine efficiency and lightweight materials, it saves up to 25% fuel per seat compared to competing aircraft currently in production. Airbus A 350. The world's most
      53 words

  • SINGAPORE NEWS
    • 502 8  -  S'pore companies have experience overseas: Business Dialogue speakers By NANDE KHIN in Beijing SINGAPORE businesses and those in China can help each other in their globalisation efforts. China's businesses have access to a large domestic market while Singapore companies have the experience and
      SEYU TZYY WEI/ZAOBAO  -  502 words
    • 528 8  -  But its introduction faces difficulties, warns report By ANGELA TAN MONEY could be saved and Singapore's sources of energy would be diversified by importing liquefied natural gas (LNG), says a report commissioned by the Energy Market Authority. But the 22-page report on initial findings
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    • 393 8  -  By ALEXANDRA HO JUNKET operators say the 3 per cent withholding tax in the draft Casino Control Bill will not discourage them from introducing premium players to the two integrated resorts (IRs) with casinos when they are ready in 2009. "Of course if
      393 words
    • 337 8 Minister urges retailers to improve service standards FIVE of Singapore's best retailers were honoured last night at the Singapore Retailers Association ball for their innovation, creativity and retail excellence. Tangs won for the best retail concept of the year. The store recently revamped its
      FILE PHOTO  -  337 words
    • 292 8 THE Employer Alliance, a group of business leaders set up to promote better work-life balance practices in Singapore, was officially launched yesterday, backed by the results from a survey showing that such initiatives help companies by reducing employee turnover and improving customer satisfaction.
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    • 601 9  -  Plants seen opening up new market for Singapore's chemicals cluster By CHEN HUIFEN THREE investors yesterday announced plans to pump in more than $80 million to build Singapore's first two biodiesel plants to produce fuel from palm oil. The facilities are seen
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    • 290 9 LOCAL firms seeking to compete in cutting-edge product design can turn to International Enterprise Singapore's latest Iconic Design Initiative, launched at the International Design Forum (IDF) yesterday. The initiative allows companies to work with world-class designers and design firms and aims to help them create
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    • NEWS ROUNDUP
      • 93 9 THE government has appointed Lee Chiong Giam as Singapore's next high commissioner to Pakistan and ambassador to the Democratic Republic of Timor-Leste, and Chua Yong Hai as its next high commissioner to the Republic of Maldives. Mr Lee is at present a deputy secretary in the Ministry
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      • 79 9 THE Ministry of Community Development. Youth and Sports yesterday held a public forum to seek feedback from welfare and grassroots organisations on how best to support low-income families through the "Workfare" initiative by the Ministerial Committee on Low Wage Workers. Workfare aims to provide support
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    • 330 9  - Chijmes gets latest tenant Australia's Hog's Breath By ARTHUR SIM CHIJMES will see restaurant Hog's Breath Cafe move in, taking up space vacated by Vietnamese restaurant Viet Lang. This year, Upper Club, a dinner and dance venue, and Sun, a Japanese restaurant, also opened there. It is also understood that
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  • Page 8 Advertisements
    • 223 8 fc?SMU SINGAPORE MANAGEMENT UNIVERSITY "Knowledge of accounting has become essential for all who aspire to move up the corporate ladder. Corporate leaders recognise the importance of Accounting as the language of business." Chaly Mah CEO and Managing Partner, Deloitte Touche Singapore There's never been a better time to pursue a
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  • Page 9 Advertisements
    • 64 9 ~i- 'I?&tME®Mlt?* rt i l *f r.gT~ i. A+a 'ujtf >?# sSmk2B& |f w»l *?if\4 JB&#®»4 7 I i CO t i t l Non-stop innovation is the only way we know. We designed the A 350 with the most innovative materials. Composite materials for lightness and strength. New metallic
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  • FOCUS: INDUSTRY
    • 906 10  -  WATER With its infrastructure and technology, S'pore may just be the next R&D hub for this fast-growing sector, writes CHEN HUIFEN CHEN HUIFEN SINGAPOREANS who remember 1963 will also remember water rationing then, as dry weather depleted reservoirs. The problem lasted 10 months, causing disruption and
      ARTHUR LEE  -  906 words
    • 5217 10 UNIT TRUSTS FUNDS cuiBood spore a/s 1.29/ CitiBond Spore B/$ 1341/ Cd Money SGO Class A 1.031 IV < spore Cm Money Smg Dollar Class I 1j08S7/ Cit. Parv£urojx> Equrty Rod 127/ S CHiSHecl Asa Tilt Balanced 1.43/ s£ Asa Tit Growth 1.3* 1ST —il ssgaaay- a s»OoM am A
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  • Page 10 Advertisements


  • ECONOMY WATCH
    • 454 12 Reuters [HONG KONG] New property funds in Asia will discover that bargains are difficult to find and big returns may only be possible by taking on risky development projects, according to Hong Kong property executives. "Every week, I meet
      Reuters  -  454 words
    • 2343 12 VOl General Corp 0.41 unch 22 Petit COOP) Genting .21.20 -0.20 505 George Kent 0.58 unch 19 A M Realty 1.60 -0.01 4 GHL Systems .0.10 unch 1601 031 001 51 Globetronics Tech 027 0.01 2064 ACP Industries .0.63 0.01 16 GlomacBhd 1.23 -0.01 36 Advance Synergy 0.24
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    • 876 12  - Could Asia's 'savings glut' melt away ASIA INSIGHT Investment could increase in a big way with corporate balance sheets improving fast ANTHONY ROWLEY Tokyo Correspondent BEN Bernanke, who has been nominated to succeed Alan Greenspan as Federal Reserve chairman, is what you might call a thinking man's central banker (though
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    • 356 12 AFP [SHANGHAI] China will not widen the yuan trading band against the US dollar this year and any future changes would be made in line with market developments, state press reported yesterday. "There is not much time left this year so a widening of
      AFP  -  356 words
  • Page 12 Advertisements
    • 140 12 STARTING 30 OCTOBER, FLY THERE 4 TIMES A WEEK NON-STOP. Hyderabad is home to India's thriving IT and biotech industries. It is also a city with a rich historical Ak past and a legendary culinary reputation, offering a vibrant mix of sights, handicrafts and cultural experiences. Fly there with us
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  • MALAYSIA/INDONESIA
    • 301 13 [KUALA LUMPUR] Bumiputra-Commerce Holdings Bhd (BCHB) is forging ahead with its plan to take over Southern Bank Bhd (SBB) although the latter has said it is not considering a merger, says a report in Malaysia's Business Times, citing
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    • 530 13  -  By PAULINE NG in Kuala Lumpur SHAREHOLDERS of DiGi.Com can expect a nice payout from the company next year. The cellular phone operator is proposing a capital repayment of RM0.75 sen per DiGi share to its shareholders, and has announced
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    • 224 13 [JAKARTA] For some Indonesian Cabinet ministers, this year's Hari Raya holiday may not be as festive as in previous years, says The Jakarta Post. Some of them may find it helpful to voluntarily extend their fast to seek divine intervention so that they could stay
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    • 575 13  -  Mystified bankers in Kuala Lumpur say there had been no lack of interest in offering By S JAYASANKARAN in Kuala Lumpur MYSTERY surrounds the unexpected and last minute abandoning of a US$l.O5 billion bond due to be taken to market this week. The bond
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  • Page 13 Advertisements
    • 365 13 The World's Reigning IBP' STRATEGY INNOVATION Revolution, Renewal Resilience Building organisations that thrive In turbulent times. f Organised by: j Date, time and venue 18 November NETWORK 2005 supper n nanyang Singapore, Pan Pacific organisation: technological aaa/i 4 UNIVERSITY U&UU 1 OOU W If you are in any of these
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  • GREATER CHINA
    • 426 14 US$4.18b takeover is biggest acquisition so far by Chinese companies Bloomberg AP [HONG KONG/SINGAPORE] China National Petroleum Corp (CNPC), the nation's largest oil company, won Canadian court approval for a US$4.lB billion takeover of PetroKazakhstan Inc, ending months of manoeuvring by Indian
      Bloomberg; AP  -  426 words
    • 140 14 AFP [SHANGHAI] China will not ease stringent restrictions on foreign investment in domestic banks anytime soon, although the policy will be revised in 2006 as mandated by the World Trade Organisation (WTO), the China Daily reported yesterday. "The current ratios fit with the
      AFP  -  140 words
    • 436 14 AFP AP [HONG KONG] China Construction Bank (CCB), the mainland's third largest lender, said yesterday that the public tranche of its Hong Kong initial public offering (IPO) attracted bids for 43 times the stock up for sale. The international tranche was also oversubscribed
      AFP; AP; REUTERS  -  436 words
    • 109 14 Reuters [BEIJING] China has reported the deadly bird flu in chickens and ducks in a village in the central province of Hunan, on the heels of another outbreak in the east of the country, and declared it had been brought under control. China notified the
      Reuters  -  109 words
    • 308 14 Reuters [BEIJING] China's biggest commercial bank, Industrial and Commercial Bank of China (ICBC), is set to appoint three independent board members, including a former Hong Kong financial secretary and a former Goldman Sachs president, a source said yesterday. "These three independent board
      Reuters  -  308 words
    • 360 14 [TAIPEI] Warner Music will become the first foreign recording label to establish a majority-owned distribution company on the mainland, taking advantage of the Closer Economic Partnership Arrangement (Cepa), reports The South China Morning Post. The new venture, Warner Music Shanghai
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  • Page 14 Advertisements
    • 725 14 JIN PERTAMA HOLDINGS LIMITED S3|| Company Registration No. *****0483W rtTTTAMA (Incorporated in the Republic of Singapore) GROUP NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Pertama Holdings Limited (the 'Company') will be held al 315 Outram Road, #01-01/02 Tan Boon Liat Building, Singapore
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  • INDIA
    • 468 15 RBI starting to get concerned over inflation outlook as fuel costs rise Bloomberg [MUMBAI] India's central bank may increase its key overnight borrowing rate for a second consecutive quarter in January as rising fuel costs and consumer demand push inflation higher, economists
      Bloomberg; Source: Bloomberg  -  468 words
    • 317 15 Economic Times [BANGALORE] THE top three Indian software and business process outsourcing (BPO) service providers continue to set a scorching pace in hiring, as seen in the just-ended second quarter of the current fiscal year, signifying a strong order book and a robust outlook
      Economic Times  -  317 words
    • 316 15 AP [BANGALORE] Unexpected rains in three southern states flooded India's technology hub, caused dams to overflow and affected thousands of people, officials said Tuesday. At least one person drowned. Bangalore, the country's information technology heartland and capital of Karnataka state, has
      AP; REUTERS  -  316 words
  • Page 15 Advertisements
    • 516 15 X-markets L^l w/f M mi gg—rergii^^^^w iiii —ii sKit hsbh»ipß China Construction Bank Call Warrant China Construction Bank is the first of China's state-run "Big Four" banks to list shares overseas. Reports cited strong China Construction Bank Call Warrant institutional and retail demand. The shares are expected to CHINA CONSTRUCTBK
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  • ASIA-PACIFIC/WORLD
    • 201 16 Round-the-World Yacht Race Leg 2 Race 3 SALVADOR, Tuesday After a week of caipirinhas and Brazilian festivities, the 10 yachts in the Clipper 05-06 Round-the-World Yacht Race left Salvador, Brazil, at 1930 hrs GMT in their quest for Durban, South Africa. The fleet left in bright sunshine and
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    • 447 16 Reuters [TOKYO] Toyota Motor Corp will raise vehicle output by 11 per cent next year, unseating General Motors (GM) as the world's biggest manufacturer of automobiles, a Japanese newspaper reported yesterday. Toyota's profits and market value already dwarf those
      Reuters  -  447 words
    • 722 16 It loses 1.55b yen as chip sales drop, predicts full-year loss of 20b yen Bloomberg Reuters [TOKYO] NEC Electronics' president Kaoru Tosaka will step down after the company forecast a loss this year on slumping sales of chips used in flat
      Bloomberg; Reuters; BLOOMBERG  -  722 words
    • 346 16 AP Reuters Bloomberg [SAN FRANCISCO] Flextronics International yesterday posted a quarterly loss and lowered its financial forecast to reflect the sale of two of its divisions and the loss of two European cell-phone customers. Shares of Flextronics, which assembles electronics for other companies, fell nearly
      AP; Reuters; Bloomberg  -  346 words
    • WORLD WATCH
      • 81 16 Bloomberg [BANGKOK] Siam Cement's net income in the third quarter fell 30 per cent to 8.42 billion baht (*****.8 million) from 11.99 billion baht a year earlier because of higher material costs for making chemicals, the company said. It was its first quarterly decline
        Bloomberg  -  81 words
      • 100 16 Reuters [LOS ANGELES] Amazon.com on Tuesday posted a lower quarterly profit as higher expense drove margins to their lowest levels in almost two years. Amazon said third-quarter net income fell to US$3O million, or seven US cents per share, compared with US$54 million, or
        Reuters  -  100 words
      • 79 16 Reuters [BANGKOK] Shares in Thai property firm Metrostar Property PCL rose sharply on debut yesterday, boosted by the company's strong earnings outiook and a rise on the wider market. Metrostar surged 1.65 baht, or 24 per cent, to 8.65. The company, which reported profit of
        Reuters  -  79 words
      • 120 16 NYT [NEW YORK] The Charles Dolan family withdrew its bid on Tuesday to take the Cablevision Systems Corp private, after negotiating since June, and asked directors to approve a US$3 billion dividend to shareholders. The family, which controls 71 per cent of the
        NYT  -  120 words
      • 99 16 [NEW YORK] Beeland Management, the management company behind Jim Rogers' commodity funds, is suing Refco in an attempt to recover US$362 million in funds from the collapsed US brokerage group, the Financial Times reported. The lawsuit alleges that Refco, against Beeland's instructions, fraudulently shifted
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  • Page 16 Advertisements
    • 809 16 M THE MATTER OF JPV SYSTEM FURNITURE PTE LTD (In Creditor*' Voluntary Liquidation) (Company Rag. No. IM7MIMQ) At the meetings of members and creditors of the Company held at 27 Cantonment Road, Singapore *****5 on 21th October 2005 the following resolutions were passed MEMBERS'RESOLUTION: That it has been proved to
      809 words
    • 85 16 OFFERMANN GERMANY* SINCE 1842 Leather Is Our Tradition A^H|' 4528 genuine leather. Designed as unique pieces of a timeless value. Suitable for laptop with large pockets for Lever Arch Files. No. 4518 Handcrafted AttodwCwrMeSdy^^^^^ leather. Designed as unique pieces of timeless value. 2625*00 Takashimaya Deportment Store, 391 Orchard Rood, Level
      85 words

  • AVIATION
    • 874 17  -  NEWS ANALYSIS But its transformation raises questions about its brand positioning By YEN SREENIVASAN IS Jetstar Asia changing its low cost carrier model? That is the question some industry watchers here must be pondering as the Qantas-controlled low fare regional associate embarks on
      FILE PHOTO  -  874 words
    • 281 17 AFP [MELBOURNE] Fire broke out in the undercarriage of a Thai Airways jet yesterday when a tyre shredded while landing in high winds at Australia's Melbourne Airport, air safety officials said. An Airservices Australia spokesman said the Airbus A34G from Bangkok with
      AFP  -  281 words
    • 127 17 AP [PARIS] Passengers at the largest airport in Paris will be able to cross the sprawling network of terminals, parking lots and train stations in just eight minutes when a new automated railway line opens in the fall of 2006, the airport authority
      AP  -  127 words
    • 397 17 Reuters [FRANKFURT/LONDON] The cash-strapped German government is selling its 18.2 per cent stake in Frankfurt airport operator Fraport in a deal worth around 640 million euros (551.309 billion), the government's banker, Rothschild, said yesterday. In a first step, the government sold
      Reuters  -  397 words
    • 365 17 Reuters rNEW YORK] Boeing Co's quarterly results missed Wall Street forecasts as revenue at its defence unit slid, sending shares of the top US aerospace group lower yesterday. The weak military sales were a setback for Boeing, whose shares trade at the highest earnings
      Reuters  -  365 words
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  • Page 17 Miscellaneous
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  • SHIPPING
    • 228 18 Bloomberg [NEW DELHI] India said it needs US$l5O billion of investment in the next decade to improve its ports, roads and other transport infrastructure and keep pace with economic growth in Asia's fourth-largest economy. India will seek to attract investments from companies in
      Bloomberg  -  228 words
    • 943 18  -  BT exclusive Retests show conflicting lab results, samples exceeding limits By DONALD URQUHART [SINGAPORE] Are bunker fuel samples being tampered with to allow fuel that exceed regulatory limits to escape detection? Industry observers speculate this is what is happening in Singapore's lucrative $7
      FILE PHOTO  -  943 words
    • 275 18 SGX '000 oa» a <>• w Cm Ot*tx** A37 -0.01 62 OumHy«. oao -001 U22 Coco Corporation 2 17 -0 03 5166 CWTOrtJi t>J1ion 0 85 0,0* 87 (irafftdgi 137 uneh *02 freight UnkV 007 0.01 2SC Cittrd l«Uj Y»cJn 092 uneh 0 J4»e Hotdngt 130 002 *80
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    • 278 18 Bloomberg [TAIPEI] Evergreen Marine Corp. which operates Asia's largest container shipping line, may post its first quarterly profit drop in six, as Taiwan's slowing exports growth reduced shipments and fuel prices soared. Third-quarter net income probably fell 21 per cent
      Bloomberg  -  278 words
  • Page 18 Advertisements
    • 1319 18 A THE MITSUBISHI TRUST MTFCn AND BANKING CORPORATION SJSZJLJsj (INCORPORATED IN JAPAN WITH LIMITED LIABILITY) Consolidated Balance Sheets Consolidated Statements of Income As of March 31, 2005 and 2004 Years Ended March 31, 2005 and 2004 March 31 March 31 March 31 March 31 2005 2004 2006 2004 (Millions of
      1,319 words

  • LOGISTICS
    • 583 19 Group eyeing more acquisitions in region to boost expansion [SINGAPORE] DHL, Deutsche Post's express delivery and logistics arm, expects strong growth in Asia including continued doubledigit revenue growth in India in coming years, the head of its Asian business said recently. Scott Price,
      583 words
    • 287 19 [SINGAPORE] Led by strong worldwide gains in package volume and the expansion of its supply chain and freight business. UPS reported a 17.9 per cent increase in revenue and an adjusted 22.9 per cent increase in diluted earnings per share. For the three
      287 words
    • 134 19 [SINGAPORE] Exel, a global leader in supply chain management, is strengthening its team in Singapore with the skills to provide an even stronger supply chain solution design expertise in Asia Pacific. With growing demand for integrated logistics design (ILD), customers face supply
      134 words
    • 158 19 [SINGAPORE] Lufthansa Cargo has announced several changes in management positions within the organisation in the Asian Pacific Area. As of Nov 1, Arias Alejandro will be appointed director sales in Korea. Yoshihiro Yamamoto, currently deputy sales manager in Osaka will be the new sales
      158 words
  • Page 19 Advertisements
    • 148 19 jSHBp |V nL'« v *4y j j ■HH 8S J Hi f jutfStfP V \m .1 s& In I 11 M.a lr rw > y VI rm UfJw'S'J W Imr Wm V flwlf j| BVHbv" y J! I Today, Asian garment manufacturers have customers that stretch all the way from
      148 words

  • EDITORIAL & OPINION
    • 502 20 EDITORIAL INDONESIAN President Susilo Bambang Yudhoyono will have to attend to some serious business over the coming Idul Fitri holidays. He is expected to pore over assessment reports that his ministers would have submitted in order for him to evaluate their performance in the past
      502 words
    • 807 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE United States has all the telltale signs of an inflation breakout: a big jump in oil and energy prices; an increase in the price of gold, often an inflation hedge; and
      The Washington Post Writers Group  -  807 words
    • 1022 20  -  Blair may have his agenda for brainstorming but his counterparts have their own ideas SHADA ISLAM Brussels Correspondent RITISH Prime Minister Tony Blair plays host to Jp European Union leaders W today for an unusual brainstorming session on l| the bloc's strategic
      AFP; REUTERS  -  1,022 words
    • 530 21  -  By GEORGE KOPITS EARLY this summer, I participated in a conference in Hyderabad, India, along with the finance secretaries of India's state governments, to discuss the pros and cons of fiscal responsibility legislation implemented last year by the central government and a handful of states.
      530 words
    • 965 21  -  By LEO FERNANDEZ VERY often an HR outsourcing decision gets made, contracts are signed, service level agreements worked out, project plans drafted and then both partners watch as the actual execution unravels before their eyes. Reasons include capability of the provider partner, lack of
      ST FILE PHOTO  -  965 words
    • 357 21 LETTERS TO THE EDITOR BUKIT Sembawang, which originally started out as a rubber estate, is quoted on the SGX mainboard. From my fairly long involvement in the stock market, it is my perception that the counter is what is described by financial
      357 words
    • 77 21  -  Denis Distant Singapore MANY analysts forecast higher profits for local banks due to the wider spread between borrowing and lending rates. Rates for larger fixed deposits may have risen due to pressure from foreign banks but the mass of local depositors have to accept 0.125
      77 words

  • Page 21 Advertisements
    • 103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btl«tt«rCsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
    • 948 21 MAlulti#Chem Thm Hot* Solution Provtctor NOTICE EXPIRY OF WARRANTS To: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW SHARES IN MULTI-CHEM LIMITED (THE 'COMPANY') THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in doubt as to the action you should take, you should consult your stockbroker,
      948 words

  • 10336 22 SCX MAINBOARP 52-Wk Id Last Vol Day Last Quote GrOiv Dtv GrVM Net MCap High lew Code Company Sal* ('000) High Low Myor Mj» Cvr f/I Smil 8 2 5716 1st Software 5c 3 unch 12 3 2.5 2.5 3 u.t 25.5 6.5 3148 8TelecomUS2c 7 unch 251
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  • Page 22 Advertisements

  • 6627 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to toot tan to SS to Utt ity ft yr %yr Oct 25 Indca Chang* Ouwq* Chang* Clung* Chang* Chang* Ft* World hide* Preliminary 9007 0.2 57 -0.1 *7 07 U EAft Preliminary 8770 01 135 07 05 10 29 furopePrelimrnary ***** 03
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  • Page 24 Advertisements
    • 1451 24 /335. NYK GROUP SOUTH ASIA PTE LTD KfVir M'TG V TEL:6295 0123 XW A Aline tjtegdf m 3Mm LIN E Fax: 6292 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO SEMPAKU KA3MA. UD (C/R NO: **********0E) CR#; 37g *****00G SENATOR LINES .ffbrPf UNATOI (MJL) Pte
      1,451 words
    • 820 24 IHTIIAHA Koto SMVia VBSa/YOT M«rffT) HBGHTtm TO KOI 13 SW JKT STRAITS VEMTUItE 22/05 IS 3.2 27/10 30/10 03/11 06/11 08/11 STRAITS VENTURE 23/05 IS 3.2 10/11 13/11 17/11 20/11 22/11 [straits venture 24/ os is 3.2 24/11 27/11 30/11 03/12 os/12 [AUSTRALIAN ROtO WPW I VBSE/VOY I RAMfffl) I
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  • Page 25 Advertisements
    • 1276 25 www.hombur9sud.com **3^ ASIA SKVKE SUNG 1 (EXPORT) ASIA SEWVICt SIING 7 (EXPORT) V«MI/V»m« SWSAPORE DURBAN StPtTIIA SANTOS ITAJAI PARANAGUA Vwnl/Vtvn SINGAPORE BUENOS AIRES RIO GRANDE SANTOS SEPETIIA NYK Floresto 003W 02/1) 13/11 23/11 24/11 26/11 27/11 Iponemo 101W 29/10 21/11 23/11 25/11 27/11 Alionca Bohio 502W 09/11 20/11 30/11 01/12
      1,276 words
    • 1230 25 VESSEL VOY SIN PGU HCM VESSEL VOY SIN PKG JKT GOLDEN BRIDGE SPIN 1/11 2/11 4/11 AQ HIBISCUS 112S ~~ST7TTi I7TI 4/11 GOLDEN TRADE 515N 8/11 9/11 9/11 ACX DAHLIA 095S 7/11 8/11 11/11 CAPE SANTIAGO 008N 15/11 16/11 18/11 ACX MAGNOLIA 097S 21/11 22/11 25/11 VESSEL VOY PKG SIN
      1,230 words
    • 843 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOY SIN PJtLANG COLOMBO N. SHEVA COLOMBO KOTAPERTAMA YPMO2S 24 OH 25 OCT 29 OCT 01 NOV 04 NOV SQVUAY "OSTIFM" OMIT OMIT ~STHQV~ 06 NOV HQWRAh ÜBfit MM 31 Qa 01 NOV fiUUU OftM LLHffi
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 8475 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number SIN Deifn Name Name Number Number OS/11 28/11 WanHai WAN HAI303 E038 *****588 To ABIDJAN (ABJ) 2003 Cote D'lvoire 07/11 30/11 Senate* I YUEHE COYH *****750
      8,475 words
  • Page 26 Advertisements
    • 743 26 \/QUkM WALLENIUS WILHELMSEN website: http://www.2wglobol.com vtssti uc ~~mao~ hou» mi* sav »ai orf myc new moo TAUSMAN AFS2S 3201 MS 6.4 M I 30/10 20/11 21/11 03/12 07/12 OS/12 TARONGA AfS29 3201 ms 6.25 M I 07/11 03/12 12/12 16/12 21/12 19/12 TAMPER E AES3O 4001 MS 6.3 M H/ll
      743 words
    • 1194 26 VKsa voy sm pgu vtssa vor sw jkt PAC lANPA ISS7N 24/10 27/10 PKMNWH *322 W/10 01/11 «L23o] Oil!I IZZIO 2|Z!P_ M PAC lANPA ISMW 21/10 21/10 MC MMTAN 0323 05/H 08/11 JWCIANDA iSMN »Z!0 29/10 «f23OJ 01W »Z!0 30/10 I?S 14/11 17/11 mum I5?OM 3ozio 3izip_ gig —-gjf— vtssa
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    • 395 26 BSA jl MYANMA HH FIVE STAR LINE (My—r Natioßol Ike) Loading far Yongon VESSEL VOY SIN PM PEN PGU PAGAN 348W SIS PAGAN 349W SU> IN MAUYSIA: BOUSTIAO SHIPPING AGINCIIS KUI/PKL 03-300 SUM PIN: 04-*****15 ACCEPTING CONVENTIONAL C6O VESSEL VOT HUG SM PGU PU KUC RAINBOW JOY i SID LION
      395 words


  • BizIT
    • 303 28  -  By RAJU CHELLAM TWO of the world's largest microprocessor chipmakers Intel Corp and Advanced Micro Devices Inc (AMD) this month forecast good times ahead for the semicon sector while reporting healthy third quarter revenues. Intel said its Q3 profit rose about 5
      303 words
    • 558 28 Bloomberg I LOS ANGELES] Google Inc, the world's most-used Internet search engine, is testing a new service that analysts said may be part of a plan to offer classified ads in competition with EBay Inc and online listings such as Craigslist.com. Snapshots of
      Bloomberg  -  558 words
    • 644 28  -  Global sales rose 6.5% in H1 this year to hit US$109b, reports RAJU CHELLAM RAJU CHELLAM A HUGE jump in global shipments of personal computers, wireless handsets, automotive applications and wired communications in the second and third quarter of this year bodes good
      644 words
    • 452 28 AFP [TOKYO] China's largest computer maker Lenovo needs to be a "turtle" that can move ahead slowly but surely in a tough business environment, overtaking its more complacent competitors, according to its chairman Yang Yuanqing. Lenovo, which completed its US$l.75 billion
      AFP  -  452 words
    • 209 28 Bloomberg I LOS ANGELES] Carly Fiorina, former chief executive officer of Hewlett-Packard, said the 2002 purchase of Compaq Computer Corp for US$lB.9 billion was "a resounding success". "1 would do the merger all over again," Ms Fiorina, 51, said on Tuesday at the Internet
      Bloomberg  -  209 words
    • 482 28  -  Creators say new transformer is world's smallest By MATTHEW PHAN THREE engineers from Nanyang Technological University (NTU) have created what they say is the world's smallest transformer a device nearly übiquitous to mobile phones and wireless network adaptors. The transformer, known as a "balun" to industry
      482 words
    • 455 29  -  It helps them edit RAW images; new PowerBook and Power Mac G5 models unveiled By ROLAND LIM HAVING established its Final Cut Pro video editing software as a leader in the video editing space, Apple has now turned its focus to the digital photography market
      455 words
    • 254 29 AP [ROUND ROCK, Texas] Dell Inc yesterday announced an all-inclusive way to help consumers who've accidentally deleted precious photos or lost valuable data because of a hard drive crash. Starting in November, Dell will install its "Data afe" option on new
      AP  -  254 words
    • 580 29 AP [SEATTLE] Microsoft Corp is diving into the business of offering online searches of books and other writings, and says its approach aims to avoid the legal tussles met by rival Google Inc. The software giant said on Tuesday that it will sidestep
      AP  -  580 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 501 29 Finally a server that's just right for an economy that worships the "do more with less" mantra. The IBM eServer* p5-the server that can run multiple OSs like UNlX*and Linux, and multiple apps with ease. With advanced IBM Virtualisation Engine™ technology options, it's the only UNIX* server with breakthrough ZZL
      501 words

  • PROPERTY
    • 462 30  -  It moves up a spot from last year as average monthly rents rose 6.3% By KALPANA RASHIWALA SINGAPORE'S Orchard Road is now the world's 14th most expensive location in which to rent retail space, up a notch from its 15th position
      462 words
    • 227 30  -  By ARTHUR SIM AFTER an advertising blitz that began last week, Cairnhill Crest by Hong Kong-based Cheung Kong Holdings has sold 26 units, making $68 million over the weekend. At an average price of $1,562 psf, the units went for around $2.63
      227 words
    • 316 31 Board will offer not more than 160 units in each quarter THE Housing and Development Board (HDB) plans to sell another 400 flats from its stock of unsold units in the resale market over the next nine months. The board will, however, manage the
      316 words
    • 181 31 THE Urban Redevelopment Authority (URA) yesterday said that Northern Capital Properties has put in the highest bid for an industrial site at Woodlands Ave 4/Woodlands Industrial Park. The bid, at $4.08 million or $386.74 per square metre, was the highest of six bids
      181 words
    • 401 33  -  Bulk of proceeds will go to sole secured creditor Winners Path By KALPANA RASHIWALA THR Indonesian-incorpo-rated company that owns the Bintan Lagoon Resort was sold recently in a deal said to have valued the resort at $70-80 million, sources say. The
      401 words
    • 506 33  -  By KALPANA RASHIWALA ONE Raffles Quay (ORQ) continues to attract tenants. The latest are RZB Bank of Austria and Societe Generale (SG), who are taking up about 18,000 sq ft and 40,000 sq ft, respectively, in the project's North
      FILE PHOTO  -  506 words
    • 1867 33 PROJECT NAME/ PROP CONTRACT TENURE BUIIJ-IN/IAND PRICE PSf STREET NAME TYPE DATE AREA*(SQ FT) (SfOOO) (S$) District 3 NON LANDED Ctl Green Cdo Apt 26/09/2005 99 764 450 589 CD Green Cdo Apt" 24/08/2005 99 926 465 502 Domain 21
      1,867 words
  • Page 30 Advertisements
    • 409 30 Prime Freehold Site for Landed Houses at Old Holland Road T*»cay Land 87,087 sf, Residential Provisional Planning Permission previously Bukit Timah Road granted for cluster housing (32 semi-ds and ■3» tv 3 bungalows) v 1 Potential for c a) < 28 conventional semi-ds; or Subject Site I I- 42 units,
      409 words

  • Page 31 Advertisements
    • 556 31 Land size 2,688 sq ft Floor area 7,200 sq ft approximately mmm llfil Freehold fully tenanted B|KBAa|pSB Beautifully refurbished, I 100% move in ill Ample parking lot, near Chinatown MRT Good investment opportunities, rarely available. Don't miss! Sole Marketing Agent: lES Debenham Jeffrey Sim 9815 8318 sJ mxnmmnmmtow MariMaihifirNpLMM SOUTHERN
      556 words
    • 263 31 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ACI INTEGRATED COMMUNICATIONS PTE LTD Company Registration No. *****2808W (Incorporated in the Republic of Singapore) (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN That pursuant to Section 308 of the Companies Act, Cap. 50.
      263 words
    • 375 31 Prime Development Site At District 11 For Sale By Tender V\& Land Area 35,392 sq ft -Freehold L—• Plot ratio 2.8 99mAMSL Short walking distance to Novena MRT, United Square Squ and Novena Square A^Str"—\ -B-. Tel: 6224 8181 ViDflC 6 Battery Road #32-01 Singapore *****9 cb richard ellis GOOD
      375 words

  • Page 32 Advertisements
    • 208 32 f*; ifa Ifft*'* "Tflffijft i J 1 j <'-' TE\ *.1 i *4 i '"<•'. t t f-f'. ,~"i V > -A--. si" f-(' fw*. '-3- r.'' >' I r ...W < ~";i .^j^,» _r <* Vi- iriiiViVMfiiifitifaiifV'iyrir iiT iifii> rii T/;* Baywater Collection offers extraordinary potential with dual views
      208 words

  • Page 33 Advertisements
    • 266 33 f M JonesLang i W LaSalle- 3 adjoining units of 4-storey shophouses r Gross Floor Area 24,300 sq ft (approx) Tenure: 999 years leasehold •■Mp gtm |f| M In financial hub of CBD, close to Tanjong Pagar, HH UU Hj Raffles Place, Chinatown and Outram MRT for a office For
      266 words
    • 13 33 mmrn n ikSSS B^^gL v wissfciu bM r 5000/1 flpOOsqft; sffil r IB
      13 words

  • WORKSPACE
    • 812 34  -  Ergonomic chairs, honeycomb workstations and rocking footstools aren't hardware, they are workplace solutions, office furniture suppliers tell TAN SU YEN TAN SU YEN EARLIER this year when an investment bank placed an order for 1,000 Herman Miller Aeron chairs for its staff, word quickly spread, forcing
      CHRIS LOH  -  812 words
    • 639 34 SYSTEMS furniture as we know it today had its roots in Herman Miller's L-shaped desk and return, which debuted in 1965. likened to an expanding Lego set, systems furniture has evolved and grown in complexity since then. Today, systems furniture is generally seen as
      639 words
  • Page 34 Advertisements
    • 42 34 IIIII Ml I "P* P— i il IHI H —n I iJj J pmammmi s&* T~ >»§ ■■■■^■■■■»■M>" aaiaa ibbbb*^■■■■■•■■■■«■■■■ Tgrrg[|g£a£pipiiliiiM||)|ML^^ Property Developer: One Raffles Quay Pte Ltd Co. Registration No. *****1576E Website: www orq.com.sg a Joint Development By HHongkong Land ri?TT7Yl 1
      42 words
    • 17 34 A series on workspace brought to you by ONE raffles ■|fIQUAY Leasing enquiries 6438 3328 6224 8181
      17 words