The Business Times, 17 November 2005

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Total Pages: 32
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asia 1 .com.sg mica (P) 089/03/2005 Thursday, November 17,2005
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  • 919 1  -  UBS cuts STI target for end-2006 by over 10% as interbank rates surge to near 5-year high By TEH HOOI LING [SINGAPORE] The outlook for stocks has dimmed after a big j"ump in local interest rates in the past month, with analysts
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  • 718 1  -  Some fear demand may not grow to match supply By ALEXANDRA HO [SINGAPORE] Reactions to upcoming convention and exhibition space at the Marina Bay Integrated Resort are mixed, judging by interviews with existing convention and exhibition space operators and organisers. Based on
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    • 42 1 GERMAN POLITICS PG 21 J- BEAUTIFUL HOMES f |»V flJamm 'ppf* \j/riM fla^v /in /iViaHKF f H a T^KW ■M|n^!| r .-JSJ i :^fv^l!H^HIH _J Thumbs up for cluster housing PG 30 Peermont drops out of race for Marina resort pg 2
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    • 11 1 COMMODITIES Platinum hits 25-year high BIU Hi Markets Digest Pg 3
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    • 222 1 CINEMA {LWI One director's take on the Asian industry pg 10 BJzU Wireless broadband may cut costs: study PGI2 i n Vfc C> "Passione" jl The Mille Migiia For in the Mille Migiia (a race from to Rome the strategy was to as as possible for as long as possible.
      222 words

  • TOP STORIES
    • 793 2  -  Eight bidders are in the running but more are expected to bow out By ALEXANDRA HO [SINGAPORE] The first casualty in the high-stakes bid for the integrated resorts (IR) since the launch of the Marina Bay request for proposals (RFP) has
      793 words
    • 789 2 Asean must align bond markets to attract savings ASEAN countries need to find ways to "align and connect" their national bond markets if they are to attract savings and serve the region's investment needs, Asian Development Bank president Haruhiko Kuroda said yesterday at an international bond market conference
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    • 728 2  -  Rise of India and China fanning shortage of talent By CHUANG PECK MING [SINGAPORE] There's never enough talent and skills around. Or is there? Headhunters, who thrive on a shortage of talents and skills, say their business goes through many ups and downs.
      ARTHUR LEE  -  728 words
    • 587 3  -  Ageing populations add to urgency of the task By ANTHONY ROWLEY in hong &ong ASEAN countries need to find ways to "align and connect" their national bond markets if they are to attract savings and serve the region's investment needs, Asian
      BLOOMBERG  -  587 words
    • 138 3 STI 2,254.46 (+13.97) ST INDEX FUTURES 2,256.00 (+14.00) siMsa 266.88 (+2.06) SIMSa FUTURES 266.40 (+1.10) MARKETS Wednesday Change KLSE COMP 896.80 +2.47 NIKKEI 225 14,170.87 +79.10 HANG SENG 14,650.54 +23.13 SET INDEX 675.31 -6.27 JAKARTA COMP 1,025.83 +3.75 MANILA COMP 2,060.75 -2.99 SEOUL COMP 1,267.16 +13.30 SHENZHEN B
      138 words
    • 382 3  -  It expects 12-20% rise next year in sales charged By LESLIE YEE [SINGAPORE] Citibank Singapore is looking at growth of between 12 and 20 per cent in sales charged to its credit cards next year, says its business director of credit payment products
      382 words
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    • 143 3 THE HOURGLASS TEMPUS SHOWCASE > /SIM PI ICI I r-i-vpnU' it> hiu.ii.111•.• B r h i l imm nurour 11 O 1 I O i_' C I U* k." O 111 p I U| tU' c AN ii OUA VIANNtY HALTER 3.03 Creative Watchmaking Satellite hour indicator with a revolutionary
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  • COMPANY NEWS
    • 764 4  -  Offer of $180m is 5.6% above second-highest bidder MCL Land By KALPANA RASHIWALA INDONESIA'S Lippo Group and Singapore's CapitaLand have joined forces for a first joint property bid here, emerging as top contender yesterday for a 99year condo site next
      764 words
    • 167 4 COMPUTER maker LKN-Primefield has confirmed the sale of its LKN Building for $43 million. And the buyer is the Indonesian Po family. The option to purchase the 14-storey building on Cecil Street was exercised yesterday by Noxh Developments. Nico Purnomo Po, a director of
      ARTHUR LEE  -  167 words
    • 4379 4 UNIT TRUSTS FUNDS Citi Money SmgDoHar Class B 1.0865/ Citi Pan-Europe Equity Fund 131 >Mt > T nI .i CitiSelect Asia Till Balanced 1.461 S»b«»fcibl** n8 7 CitiSetect Asia Tilt Growth 1 44/ CitiSelect Asia Tilt Enh Grth 1.36/ HSK CitiSelect Global Growth 1.1* n™ Citi Global Healthcare Fund 0.98/
      4,379 words
    • 445 6  -  Its move is seen by analysts as typical of private equity firms' exit strategy By MICHELLE QUAH A SUBSTANTIAL shareholder of Yellow Pages a member of the consortium that bought the telephone directory company from Sing Tel two years ago slashed its
      FILE PHOTO  -  445 words
    • 444 6  -  By AMIT ROY CHOUDHURY DESCRIBING its results as its best in 12 quarters, Datacraft Asia yesterday posted a net profit of US$3.6 million for its fourth quarter ended Sept 30, against a net loss of US$l2.5 million in the year-ago period. Datacraft's US$l2.5
      FILE PHOTO  -  444 words
    • 171 6 A NEW substantial shareholder, Tan Choon Hock, has emerged at listed Sembawang Kimtrans. A filing to the Singapore Exchange by the company yesterday shows the shareholder had bought 16.97 million Sembawang Kimtrans shares on the open market on Tuesday this week. No details were given
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    • 323 6 Reuters [KUALA LUMPUR] Shares of Malaysian gaming firm Genting International are expected to begin trading in Singapore on Dec 16, raising up to US$3OO million, following promotions in Singapore, Hong Kong and Europe, a source familiar with the share sale said yesterday. Moving
      Reuters  -  323 words
    • 748 6  -  HOCK LOCK SIEW By WONG WEI KONG THE emergence of other big names as potential investors in China Aviation Oil (Singapore) may actually be welcome news for Temasek Holdings, which, for a long time, was seen as the most likely to
      748 words
    • 523 6 Reuters SINGAPORE-LISTED LMA International NV, which makes medical devices, plans to acquire a company in Europe in the next 12-18 months to expand its distribution network, an executive said yesterday. LMA whose laryngeal tubes keep patients' airways open during anaesthesia and emergency
      Reuters  -  523 words
    • 328 9  -  Partners aim to vie for enhanced oil recovery projects outside China Reports by RONNIE LIM MAINBOARD-LISTED China Petrotech Holdings is partnering the EOR Research Center (EORRC) of the PetroChina Group China's largest oil and gas company to engage in enhanced oil recovery (EOR)
      328 words
    • COMPANY BRIEFS
      • 89 9 MACQUARIE International Infrastructure Fund (MIIF) is issuing about 450 million new shares at 96 cents each. The issue price compares with the stock's last traded price of 99.5 cents. MIIF hopes to raise $435 million "for new acquisitions and other purposes". The issue
        89 words
      • 66 9 LUM Chang Holdings yesterday announced it has inked a deal to buy 100 per cent of Venus Capital Corporation Sdn Bhd for RM3.49 million (about 551.57 million). Venus has entered into a deal to buy five contiguous land parcels totalling about 30 acres north
        66 words
      • 163 9 UNITED Overseas Bank said yesterday that as part of the merger of its two banking subsidiaries, Bank of Asia (BOA) and UOB Radanasin Bank, BOA has completed a rights issue to raise funds to acquire all the shares in UOB Radanasin held by
        163 words
      • 94 9 HONG Leong Asia's wholly-owned unit GPac Technology has been granted tax incentives by the Economic Development Board for the manufacture and sale of its environmental-friendly pallets. This tax incentive will begin from January 2006. Home-grown GPac Technology has come up with a way
        94 words
      • 55 9 COSCO Corporation (Singapore) says it has executed a corporate guarantee amounting to $130 million as security for a three-year term-loan facility of about 1.2 billion yuan (about ***** million) granted to its 51 per cent owned subsidiary Cosco Shipyard Group. The loan is from Export
        55 words
      • 92 9 SINOMEM Technology is investing $10 million to take a 30 per cent interest in China's biggest sorbitol manufacturer Shandong Tianli Biochemical Co Ltd to expand its membrane-based downstream business. Sorbitol is a sugar alcohol that the body metabolises slowly, resulting in reduced calories,
        92 words
    • 210 9 SESDAQ-LISTED Aqua-Terra Supply, which sells lubricants and tools to the oil gas and marine industries, is venturing into the Middle East through a supply joint venture in gas-rich Qatar. It is setting up a "one-stop" shop in Qatar's Salwa industrial area with Qatari
      BLOOMBERG  -  210 words
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  • SINGAPORE MARKETS
    • 476 8  -  STOCKS Market indicators also show the players don't seem to know where to turn to next R SIVANITHY Senior Correspondent WHEN 31 per cent of unit volume is done in structured warrants, you can't help but have a sneaky suspicion that the market is firmly
      Source: Bloomberg  -  476 words
    • TRADES TO WATCH
      • 431 8 FirstLink chairman ups deemed interest to 7.01 FIRSTLINK Investments chairman Ling Yew Kong's deemed stake in the company has increased further after another open-market purchase by Alphasky Group. The latter yesterday bought 2 million First Link shares at 6.5 cents apiece. This has raised Alphasky's holding in First Link to
        431 words
      • 96 8 WESTCOMB Financial Group CEO Choo Chee Kong continues to buy shares in the company. Yesterday, he snapped up another 55,000 shares at 32.28 cents each, raising his direct holding in the company to 2.77 million shares, equivalent to a 1.85 per cent stake.
        96 words
    • Article, Illustration
      424 8 OTHER SINGAPORE INDICES Nov 16 VALUE CLOSE BT OB/OS -114.00 -67.00 BT CADI -*****.00 +21.00 BT 10-day MA -*****.00 -12.00 All-SG Equities 575.47 +3.42 SG Equities Elect 119.24 +0.20 SG Equities Fin 1675.58 +10.01 SG Equities Prop 695.62 +4.46 SIMSCI 266.88 +2.06 SiMSCI Futures 266.40 +1.10 MOST ACTIVE STOCKS VOLUME
      424 words
    • Article, Illustration
      987 8  -  Compiled by UMA SHANKARI Singapore Airlines Nov 16 dose: SSI 1.60 UOB KAY HIAN RESEARCH, Nov 16 SINGAPORE Airlines' (SIA) October operating statistics showed continued healthy passenger traffic growth, and cargo has bounced back again this month. For the fourth successive month, SlA's passenger traffic growth has exceeded the
      Source: Bloomberg  -  987 words
    • 539 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar retreated from fresh 2005 highs in Asian trading yesterday, but could push higher again on stronger US inflation and capital flow data due out at the start of US trading overnight. Traders reported that, overnight,
      Source: Reuters  -  539 words

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    • 13 9 CATS Recruit The first step on your ladder to success f I u
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    • 54 9 Cameraman: Fred Scott, Genoa, 29.07.01 life remains of Fred Scott's camera. It survived eighteen armed 881 conflicts, corrosive spray from the Arabian Sea, the heat of the I; j mm Gobi and sub-zero Manchuria.The camera finally met its end >■ ajH during the riots at die G8 summit. *<. mm
      54 words

  • SINGAPORE NEWS
    • 425 10  -  By MATTHEW PMAN THE organisers of next month's Child Aid concert have been hard at work raising another $85,000 from four corporate sponsors and strengthening the concert line-up with a pair of emcees, a harpist and a soprano. NTUC Income has committed $35,000 to
      425 words
    • 175 10 PRIME Minister Lee Hsien Loong arrived yesterday in Busan, South Korea, ahead of the two-day Apec Economic Leaders' Meeting which starts tomorrow. As well as the official round of talks, Mr Lee will have bilateral meetings with leaders of other countries. He
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    • 572 10  -  70% of global box-office takings could one day come from region By CHEN HUIFEN SOME time in the future, a Spiderman sequel is likely to be shot in a setting that looks like a hybrid of New York and Shanghai. "And then when Spiderman takes
      YEN MENG JIIN  -  572 words
    • 316 10 AFTER months of speculation, the National Kidney Foundation (NKF) has confirmed that it is to transfer its cancer fund to the Singapore Cancer Society (SCS). At a press briefing yesterday morning, NKF chairman Gerard Ee said that the year-old NKF
      316 words
    • 313 10  -  By SIOW LI SEN STANDARD Chartered Bank yesterday unveiled a priority centre for affluent customers at Sun tec City its fifth branch opening in the past 12 months. This takes the UK-based bank's local network to 24 branches one shy of the 25
      313 words
    • SINGAPORE ROUNDUP
      • 79 10 A TRIPARTITE delegation from Singapore is visiting Japan for four days, from yesterday to Saturday, to learn from the country's experience in improving the employability of older workers. The delegation, led by Minister of State Gan Kim Yong, seeks to gain insights into Japan's
        79 words
      • 99 10 MINISTER for Defence Teo Chee Hean yesterday met separately the chairman of the National People's Congress Wu Bangguo and the vice chairman of the Central Military Commission and the Minister for National Defence, General Cao Gangchuan. The meetings reaffirmed the defence relationship as a component
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      • 63 10 MINISTER for Foreign Affairs George Yeo met Panama First VicePresident and Minister of Foreign Affairs Samuel Lewis Navarro yesterday at the sidelines of the Apec ministerial meeting in South Korea. They both look forward to the signing of a bilateral Free Trade Agreement soon and agreed
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    • 199 10 WATER-SKIING and wakeboarding enthusiasts have something new to look forward to. Come next year, Singapore will get its first cable ski park. The $2 million Ski 360° park at East Coast Lagoon in East Coast Park (ECP) will be open by
      199 words
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  • FOCUS: SERVICES
    • 810 11  -  AUTOMOTIVE HQ And it's using Singapore, its Asean headquarters, as its global hub for high-precision activity, reports SAMUEL EE SAMUEL EE WITH a record number of au-to-related multinationals setting up corporate headquarters here in 2005, the year is shaping up to be an important one
      Source: Delphi  -  810 words
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  • BizIT
    • 909 12  -  New players using WiMax will boost competition, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE introduction of the latest wireless broadband technology into Singapore could lower the price paid by companies for leased lines, according to a recent study on wholesale telecom services in
      909 words
    • 591 12 Verso said to be selling an antiSkype filter system [BEIJING] Skype, the Internet telephony company owned by eßay, is in talks with Chinese state-owned operators and is optimistic that they will clear the way for the launch of its comput-er-to-telephone call service
      BLOOMBERG  -  591 words
    • 289 12 Reuters [SEATTLE] Microsoft Corp, which built its business by aiming to put a "computer on every desk", is moving into the high-end supercomputing market as hardware becomes more affordable, Chairman Bill Gates said on Tuesday. The world's largest software maker will offer a version
      Reuters  -  289 words
    • 222 12  -  It has capacity to serve 100 more customers in region By ROLAND LIM HEWLETT-PACKARD (HP) announced the opening of its second disaster recovery centre in Singapore earlier this week, as part of its US$lOO million investment in business continuity and disaster recovery centres
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    • 271 12  -  By LEE KIM SIANG SUN Microsystems has beefed up its data management stable with the launch of the TlOOOO Enterprise Tape Drive. The Sun StorageTek TlOOOO tape drive was designed with three factors in mind: to reduce costs by boosting efficiency,
      271 words
    • 397 12 Industry group sees fastest growth in transport cards Bloomberg [PARIS] Global sales of chip cards are forecast to rise 8.9 per cent this year, lifted by demand for products such as health-insurance passes and banking cards, industry group Eurosmart said. Smart-card
      Bloomberg  -  397 words

  • ECONOMY WATCH
    • 476 13 Weaker currency helps Tokyo's fight against deflation [TOKYO] To those who think the yen's slide to a 27month low against the dollar may prompt the Ministry of Finance (MOF) to soon intervene in support of the Japanese currency, some analysts have
      476 words
    • 664 13 Fed will remain free of political influence on his watch, he assures lawmakers AP [WASHINGTON] Ben Bernanke, the chief White House economist, told senators on Tuesday he'll continue the policies of Alan Greenspan if confirmed as Federal Reserve chairman and will make sure the
      AP; REUTERS  -  664 words
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  • MALAYSIA
    • 534 14  -  It paid RM115m deposit refundable except under some circumstances By S JAYASANKARAN in Kuala Lumpur MALAYSIA'S Southern Bank (SBB), apparently shrugging off the looming threat to its own existence, yesterday distributed a circular detailing its plans for the RM2.I billion (Ss9so
      BLOOMBERG  -  534 words
    • 302 14 Project in S Arabia seen as springboard to similar deals in the Gulf [KUALA LUMPUR] A MalaysianSaudi consortium has clinched a US$2.5 billion power and water desalination project in Saudi Arabia the first privatised job in the kingdom, reported Starßiz yesterday. The consortium
      302 words
    • 2340 14 VOl General Corp .0.40 unth 93 1« Ml ♦<- ffMt Genting 19.80 0.10 1332 George Kent .0.59 unch 59 ASM Realty ..—1.51 -0.03 14 £HL Systems MO unch 104 Abrit 0 29 0 01 34 GlobetronksTech 0.27 unch 2632 ACP Industries 0.63 unch 0 GkxnacBhd 1.22 0.01 132
      2,340 words
    • BRIEFLY ASIA
      • 55 14 Reuters [SEOUL] President Roh Moo-hyun said yesterday that South Korea has granted Beijing market economy status, a landmark move that will give China greater protection from anti-dumping duties on exports. Mr Roh was speaking during Mr Hu's two-day state visit to Seoul, the first by
        Reuters  -  55 words
      • 56 14 Xinhua [KUALA LUMPUR] The Malaysian government will not issue any new Islamic banking licences to foreign banks for now, a local newspaper said here yesterday. Any future issuance will be done on a step-by-step basis, the New Strait Times quoted Malaysian Second Finance
        Xinhua  -  56 words
      • 75 14 AP [HONG KONG] Top Hong Kong record companies have launched their first legal battle against illegal music file sharing on the Internet. The companies are seeking a court order asking Internet service providers to disclose personal details of 22 individuals who allegedly uploaded
        AP  -  75 words
      • 38 14 Reuters [HONG KONG] Top Chinese telecoms equipment maker Huawei Technologies Co Ltd, believed to have lost out in the bidding for UK counterpart Marconi, said yesterday it remains on the acquisition hunt. —Reuters
        Reuters  -  38 words
    • 291 14 AP [KUALA LUMPUR] Malaysia will switch to bio-diesel next year a year ahead of schedule with government vehicles slated to start using the palm oil-laced fuel to cushion the impact of rising fuel prices, a news report said yesterday. The government was
      AP  -  291 words
    • 478 14 AFP [KUALA LUMPUR] A Malaysia Airlines union yesterday denied claims that the carrier's large workforce had contributed to losses that it blamed on poor planning and wrong decisions by management. Union president Alias Aziz said losses incurred by Malaysia Airlines had nothing to do
      AFP; BLOOMBERG  -  478 words

  • INDIA
    • 624 15 BSNL 's plans set Indian telecoms sector abuzz BSNL to float a tender for equipment to handle 60m lines [NEW DELHI] A major expansion plan is about to set India's telecoms sector abuzz, according to the Business Standard. Stateowned phone operator Bharat Sanchar Nigam Ltd (BSNL) intends to secure at
      624 words
    • 233 15 Bloomberg, Reuters [NEW DELHI] Indian Finance Minister P Chidambaram urged banks to seek acquisitions to strengthen the nation's financial industry, ruling out forced mergers. "The initiative for consolidation must come from the banks' management with the willing support of employees," he said in New Delhi
      Bloomberg,; Reuters  -  233 words
    • 523 15 Indian companies, banks may mop up over US$3b in the next 4-5 months Economic Times [MUMBAI] Several Indian corporates and banks will step into the overseas market in the next four to five months to mop up over US$3 billion through a mix
      Economic Times  -  523 words
    • 207 15 Bloomberg [NEW DELHI] India's mergers and acquisitions are expected to reach US$l7 billion by value this year, more than triple the 2004 level, as companies expand and foreign investment increases in Asia's fourth-largest economy, a business group said. Mergers and acquisitions touched US$6.9 billion
      Bloomberg  -  207 words
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  • GREATER CHINA
    • 414 16 Some managers in China earn more than double the rates in India: study [LONDON] Multinational companies establishing low-cost operations in Asia face higher wage costs in China than in India, the Financial Times reported a study of more than 600 companies in the
      REUTERS  -  414 words
    • 291 16 Reuters [BEIJING] China is preparing to scrap a two-decade-old taxation policy that gives foreign companies preferential treatment, something that will happen soon, Finance Minister Jin Renqing said yesterday. Foreign firms enjoy income tax rates as low as 15 per cent while domestic
      Reuters  -  291 words
    • 214 16 Bloomberg [BEIJING] Liu Qibing, the deputy head of imports and exports at a Chinese government agency, was placed on leave in October, people who know him said, amid speculation he made losing bets on copper prices. Mr Liu, who bought and
      Bloomberg  -  214 words
    • 757 16 Reuters [SHANGHAI] Interbank trading in onshore foreign exchange forwards a central plank of China's currency reforms is finally stirring three months after its launch, raising hopes that the market will soon accurately reflect long-term domestic expectations for the yuan. But dealers and economists
      Reuters  -  757 words
    • 342 16 Bloomberg [TAIPEI] Bevan Yeh has become the best-performing fund manager in Taiwan in less than two years by betting on local producers of alternative energy as oil climbed to a record. Falling energy prices haven't changed his strategy. Prudential Securities Investment Trust Co's
      Bloomberg  -  342 words
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    • 37 16 MERITUS MANDARIN SINGAPORE A NEW LOOK IS COMING IN EARLY DECEMBER Mandarin Chicken Rice is still available at our temporary locations. Meritus Mandarin Level 5, PooWde Chatterbox© The Neptune, ShentonWay (Mon Fii 12 noon 2.30 pm) l
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  • ASIA-PACIFIC/WORLD
    • 448 17 But Singapore investment firm denies interest in such Korean deals [SEOUL] Hana Bank, the mid-sized South Korean lender, said on Tuesday that possible partners in its planned bid for smaller rival Korea Exchange Bank might include Singapore investment company Temasek Holdings,
      448 words
    • 359 17  -  Round-the-Wodd Yacht Race. Leg 2 Race 3, Day 22 Al R Dizon UNIQUELY Singapore dismissed its sail problems by going 89 miles cfcffing the 12 hours on Thursday in what could be skipper Richard Faflc's last-ditch effort to land a podium finish for die Singapore CSpper with just
      359 words
    • 368 17 LATEST US DATA Reuters [WASHINGTON] US consumer prices rose 0.2 per cent in October despite a dip in energy prices as the cost of housing notched the largest gain in nearly five years, government data showed yesterday. Excluding food and energy costs, prices climbed
      Reuters  -  368 words
    • 331 17 Reuters [SINGAPORE] Platinum, used in jewellery and auto catalysts, rose to its highest level since March 1980 in Asia yesterday as funds started buying again in Tokyo, propelling its futures to a record high. Spot platinum rose sharply to US$9B4-988 an
      Reuters  -  331 words
    • 762 17  -  ASIA INSIGHT Koizumi trying to push around BOJ to cover up bankruptcy of his policies ANTHONY ROWLEY Tokyo Correspondent Monetary policy has become a political football again in Japan, with politicians busily fouling the Bank of Japan, despite the fact that it was granted independence in 1998,
      762 words
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  • AVIATION
    • 760 18  -  It's a natural successor to the 747 series, they say By VEN SREENIVASAN [SINGAPORE] The new Boeing 747-8 Intercontinental passenger plane is a replacement for the popular 747-400 and not a response to the Airbus A3BO. Boeing officials said
      BLOOMBERG  -  760 words
    • 338 18 AFP [BEIJING] China called yesterday for renewed direct flights to Taiwan during the 2006 Spring Festival, but on an even larger scale than when they were launched under much fanfare early this year. China made the appeal at a press conference conducted by
      AFP  -  338 words
    • 369 18 AP [WASHINGTON] Airline pilots need better warning systems to avoid collisions at increasingly crowded airports, accident investigators said on Tuesday while announcing transportation safety priorities. Other recommendations that made the National Transportation Safety •Board's annual list of mostwanted improvements were: require children
      AP  -  369 words
    • 266 18 Bloomberg [BANGKOK] Thai Airways International Pel said its financial position is improving as travellers return to Thailand after the tsunami and fuel surcharges help compensate for higher oil prices. "Our present financial position is good and is on the rise," Somchainuk Engtrakul, acting president of
      Bloomberg  -  266 words
    • 223 18 Bloomberg [SYDNEY] Virgin Blue Holdings Ltd, Australia's second-biggest airline, reported second-half profit fell by more than half as jet fuel prices rose to a record and competition from Qantas Airways Ltd drove down ticket prices. Net income plunged 52 per cent
      Bloomberg  -  223 words
    • 1173 18 OTT MBIT IT* HJCMT CTP S0493 0715 EK4Q5 0220 UM4 M ,s riU 4$ gperiffl WW~WW SQ5427 2s0b LZH ils L8> 1400 eg. il™ g|| 8a*" |j||| E a HI J|jg Jjjg <| j j iph v 8 l U»" aS5 11 ***** 6715 gg ggj;
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  • Page 18 Miscellaneous
    • 234 18 CRYPTIC CROSSWORD 5 Plant spies on an accountant g 10 The minister for sport a fool! j 21 Clean with wood! (4) 27 Formidable man-eater held back by coat (6) ~~Hflf fHf 28 Free, liberal, English and totally VV—-Vl—— painT(6) 30 Gave permission to see stand being rebuilt (8) (4)
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  • SHIPPING
    • 517 19 Shipping lines hold back purchases for fear of overcapacity Bloomberg (SINGAPORE] Hyundai Heavy Industries Co, the world's biggest shipbuilder, and eight other South Korean dockyards won 19 per cent fewer orders in the first nine months, as shipping lines withheld purchases on
      Bloomberg; BLOOMBERG  -  517 words
    • 287 19 Reuters [BEUING] The chief executive of Dutch mail and logistics company TNT NV said that his company was looking for acquisitions in Europe and China, and could comfortably spend up to 1 billion euros (Ss2 billion). "We are actively looking
      Reuters  -  287 words
    • 294 19 Odfjell's Q3 profit jumps 21 on higher freight rates Q4 fall seen due to hurricanes' impact on US shipments Bloomberg [OSLO] Odfjell ASA, the world's biggest operator of deep-sea chemical tankers, says third-quarter profit jumped 21 per cent on rising freight rates. Net income was US$35 million, or 41 cents
      Bloomberg  -  294 words
    • 523 19 AP [NAIROBI] Lawless Somalia cannot patrol its own waters and the neighbours to whom it has appealed for help have yet to devise a plan for dealing with increasingly daring pirates along an important shipping route. Captains and crews can
      AP  -  523 words
    • 293 19 S€X JK0 IfeM '000 M»»1< St W- VI CM Offshore 037 unch 178 ChuanHup J0M3 unch 373S Coco Corporation 228 0.03 2706 CWT Distribution.. 0.82 unch 83 EzraHldgs 136 0.06 1829 Freight links 0X16 -0:01 69 Grand Banks Yacht 0.93 0.03 32 JavaHotdings 135 unch 358 K1 Venture
      293 words
  • Page 19 Advertisements
    • 287 19 KAT« €0 NOTICFS A- A JL L Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AROVEST PTE LTD (Company No. I*****858H) At an Extraordinary General Meeting of AROVEST PTE LTD held on 14 November 2005, the following Special Resolution was passed: WINDING-UPAND APPOINTMENT OF
      287 words
    • 530 19 SGA SOCIETE GENERALE ACCEPTANCE N.V. (Incorporated in the Netherlands Antilles with limited liability) NOTICE TO WARRANTHOLDERS TO ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF SINGAPORE PRESS HOLDINGS LIMITED ISSUED BY SGA SOC|£T£ G£n£RALE ACCEPTANCE N.V. UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY SOCl£T£ G£n£RALE
      530 words
    • 92 19 transport insurance plus stability Insurance for Transport and logistics operators Ports and terminals Cargo handling facilities Ship operators Contact TT via your broker or at any point in the network B Singapore B fsIIHBBE Tel+6s 6323 6577 B Hong Kong B Tel +852 2832 9301 B Shanghai B U Tel
      92 words

  • EDITORIAL & OPINION
    • 528 20 EDITORIAL IT was a historic moment for Singapore and European planemaker Airbus last week when its giant A3BO test plane made its first ever Asian touchdown at Changi Airport. There were, of course, the obligatory speeches, champagne and guided tours. In fact, everything would have
      528 words
    • 1342 20  -  Rapid growth depleting skilled workforce, but rural revolution set to become new engine By SANJEEV SANYAL INDIA has joined China as the darling of the global investor community. Much of this is well deserved since 14 years of economic reform have genuinely transformed the
      BLOOMBERG  -  1,342 words
    • 745 20  -  THE BOTTOM LINE ROBERT SAMUELSON DEAR Robert J Samuelson Our records show that you haven't yet registered for the benefits of AARP membership, even though you are fully eligible... I look forward to your joining us. Sincerely. William D Novelli. Executive Director Among AARP's
      745 words
    • 1024 21  -  She is presiding over an economic programme that combines an austere package with taxing the rich, and is likely to push Germany into recession MATTHEW LYNN Angela Merkei already has one historic achievement to her name. Later this month, she will become
      AFP  -  1,024 words
    • 881 21  -  By DONALD GREENLEES IHT CHINA'S surging economy has had one unsurprising by-product: the Chinese people are feeling good about themselves and the world, according to an opinion survey. An index of personal optimism, produced by the Pew Research Center, an independent opinion research organisation based
      IHT  -  881 words
    • 362 21  -  LETTERS TO THE EDITOR Tay Boon Sun for Director. Corporate Development, Housing Development Board I REFER to the letter "Relax HDB policies to help lowerincome group" by Leong Sze Hiah (BT. Nov 9). The writer felt that HDB's policies on rental flats and resale
      362 words
    • 464 21  -  Narayana Narayana Singapore WHILE appreciating the depth of analysis in your editorial "Getting the best possible IR" (BT. Nov 9). I feel that some of your fears may be overblown. I suppose the public is not greatly interested in knowing the rationale or mechanics
      464 words

  • Page 21 Advertisements
    • 103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph.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
    • 585 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 STEADFAST DEVELOPMENT PTE LTD COMPANY REGISTRATION NO. *****2415H (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 1 Harbourfront Avenue, *18-01, Keppel Bay Tower. Singapore *****2 on the 11 th day of November 2005,
      585 words

  • 10303 22 SGX MAINBOARD U-Mi T«i Lot Vol On Uct Quota GrOtv 04* GrVM Nat MCap H60I Lor Coda Company Sola W- 000) Wgh low luyar Sdhr Cw P/1 Si3l 7.5 2 5716 1st Software 5c 2.5 unch 1007 3 2.5 2.5 3 tai 23.5 6 3148 8TelecomUS2c „.7 unch
    10,303 words

  • 6335 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy %yr dy yr %dy %yr Nov 15 lnd»K Change Change Change Change Change Chang* WortdlndwPwfcBinMv 936.7 OO 9.9 -0-3 8.1 -02 3.6 t EAFE Preliminary 9177 -03 18.7 -0.7 8.5 -05 4.0 Europe Preiminaty 1234.7
    6,335 words

  • Page 24 Advertisements
    • 1383 24 _aj y-, jjjiff j'ffQflr KSd Am jB V 3JU Is ihBKP n NYK GROUP SOUTH ASIA PTE LTD CJi JLTVV* fflij ff> «r TEL 6295 0123 Y rf|' N s|^ JLIW sggg* j3* J"* 1 Fax:6292 2856(Regionalsales)/6239 7109(OPS)/6299 5785(Documentation) NIPPON YUSEN KAISHA TOKYO KMPAKU RASHA. LTD- (C/R NO' **********0E) /W=
      1,383 words
    • 529 24 jINTIRASIA ROUP SERVICE vcsa/vor uwrom hbchtoS wg km m I sm I jkt siuns vomitf 23/05 1$ 12 10/11 13/11 17/11 20/11 22/11 SntAITC VBTTUtE 24/05 IS 12 24/11 27/11 30/11 03/12 05/12 STUffS VEKTUIE ?t/05 15 12 11/12 25/12 21/12 01/01 03/01 [AUSTRALIAN RORO SERVICE VBSa/VOT RAMPQCT) I HBGHTCTDI
      529 words

  • Page 25 Advertisements
    • 1180 25 www.homburgsuJ.iom ASIA SERVICE SUMO 1 (EXPORT) ASM SERVICE SUNG 2 (EXPORT) ETA n* TT st r t "y PUAWACUA Singapore mpi mmum umot tßtmn Cap frio 505W 23/11 04/12 14/12 15/12 17/12 11/12 lriso26W it/11 12/12 IVI2 C«nmodoraol*»f 30/11 11/12 21/12 22/12 24/12 25/12 Civ ignite 503W 2A/11 19/12 22/12
      1,180 words
    • 1025 25 rasa VOY SIN JKT m KHH iik kyh PUS VESSEL VOY sIT jkt sub hkg usn pus HYUIOGt 193S 24/11 26/11 1/1? VI? VI? 7/12 7/1? KMT(PUSAH SI3S 20/11 23/11 24/11 21/11 03/12 OyiT IHYVUMVOSTOK ItIS 1/1? yi? 1/1? 10/12 12/1? 14/1214/1? KMTC SINGAPORE 516S 27/11 30/11 1/1? 6/1? 10/12
      1,025 words
    • 686 25 m WEEKLY EXPRESS SAILING SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS I VESSEI I VOT I sm I PJOANgIcOLOMIO llt SHEVA COLOMIO I ALSO ACGEPTMG KI TO COCHM, TUTKOMN (VU COLOMIO) AND UMU t GOaK (VIA N SHEVA) COMCCTMG MOM* WIS TO BOOK (KUXSTOWI ROTTHtDAM.I HA—O
      686 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7666 26 ETA ETA AitmllW Vessel Voyage Telephone ETA ETA A*mtlm' Vessel Voyage Telephone SIN Dcsfn Nmm Njmc Nuinbcf Nuntbtf SIN 0#st'n Nwnc Nmh# Nunbcf Nuvntocf To ABIDJAN (ABJ) 2003 Cote D'lvoire To BALTIMORE (BTM) 2035 U. S. 24/11 19/12 Delmas DELMAS T0URV11LE 680W *****344 07/12
      7,666 words
  • Page 26 Advertisements
    • 673 26 VESSEL VOY SIN PGU VESSEL VOY SIN JKT PACIANDA 1598N jJ/U 11/11 fAOINTAN 9324 ~H7T1 15/11 PAC BANDA 1S99N 12/11 12/11 »MJ <192 ~WTl 17/ CSf 2301 019SP 12/11 13/11 PAC IINTAN 9325 19/11 22/11 mum ]600N 13ZU M/11 gg 2301 oiw 14/11 !6Z1J_ SBP PAC IANDA 1601N_ Ml !iZli_
      673 words
    • 913 26 WAN HAI INTERNATIONAL P7I LTD CI N**********00/1 u,... TH:*****588 (HUNK) FAX:*****163 V\\M 1 WAN HAI I INFS C"*"* *«*•/■•**M~ti-(laoo)*****200 V V lIWII llftl kill m«:W>niI«IIIHUHWa4aiIIfHHM|7»SWOm:tB<>UWW Y J(Wm:)o7)7sl»raHUL(B7JHl»t?lSUl*:|Ml|r*M7s»X;|»3l)J?mi4/CT1385 WWW Wllkfll (Am CI JRTW:|RI)SB4IIINU(:|RI)SB47HrUIW:7ItM/7ItSII HUb7l437f »ll;|OOI)4IS700»«:<0»MI»nS/4IOOW Imnhnm hits iioi ayii a/ii 22/11 vm jui jw 02/12 m/ 12 OVI2 IMM HM 233
      913 words
    • 415 26 BSA jl MYANMA RH FIVE STAR LINE (Myanmar National Um) Loading for Yaigon VESSEL VOY SIN PU PEN PGU PAGAN 348W SID PAGAN 349W SLD IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****388 PEN: 04-*****1S MMmKk ACCEPTING CONVENTIONAL CSO VKSE VOY HUG SW Pitt KOI IN ITU SDK TWU COCOA HEART
      415 words


  • PROPERTY
    • 489 28 UAE per capita construction spending of US$51.804 suggests Dubai's is even higher [DUBAI] Dubai's per capita construction spending is one of the highest in the world according to market estimates, said Emirates News Agency (WAM) yesterday. The value of ongoing projects in the UAE stands at US$223.79
      489 words
    • 430 28  -  By ARTHUR SIM VENUS Mansion, off Cairnhill Road, is the latest development to go on the market for collective en bloc sale. It is understood that close to 80 per cent of the owners of the 41-unit apartment building have agreed
      FILE PHOTO  -  430 words
    • 404 29 Land Houses sees sales beating forecast Senior executive expects full-year growth to be more than 15% Bloomberg [BANGKOK] Land Houses Pel, Thailand's largest homebuilder, said it may post a sales gain of more than 15 per cent this year, boosted by increasing confidence towards the company's projects among home buyers.
      Bloomberg; BLOOMBERG  -  404 words
    • 126 29 Bloomberg [HONG KONG] Kerry Properties Ltd, a Hong Kong-based developer controlled by the family of Malaysian tycoon Robert Kuok, said it made a HK$l.B billion (*****.4 million) loan to a unit for a property development in the city. The loan to Cheerjoy Development Ltd
      Bloomberg  -  126 words
    • 1675 29 PKUJtU NAMb PROP CONTRACT TENURE BUIff-INrtAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (S$'000) District 3 NON-LANDED Domain 21 Apt 17/10/2005 99 904 553 611 Emerald Park Apt 26/10/2005 99 926 400 432 Q*?ens Apt 27/10/2005 99 1184 710 600
      1,675 words
    • 413 31 Results boost rise in its shares and those of other property firms Reuters [LONDON] Britain's Land Securities pic posted a near doubling in first-half profit yesterday and struck a positive tone about prospects, boosting its shares and those of other property companies. The
      Reuters  -  413 words
  • Page 28 Advertisements
    • 171 28 The Baywater Collection offers extraordinary potential with dual views of the waterway and seafront an exclusive opportunity to develop the last condominium parcel within the gated residential The Baywater Collection community of the Northern emma. T n Sprawled across 25,684 sq m, The Baywater Collection consists of The largest condominium
      171 words
    • 184 28 For Sale By Tender I U.I Site Area 45,512 sq ft (approx) l| |IimWIUjME GPR 2.8, up to 36 storeys r ll r a Unblocked view 9010*1 Near amenities and reputable c I schools wrra Conveniently located with easy t access to Orchard Shopping U Belt and CBD 1 Tender
      184 words

  • Page 29 Advertisements
    • 219 29 Prime Freehold Site for Landed Houses at Old Holland Road HjHHI TurtC Land 87,087 sf, Residential Provisional Planning Permission previously Bukit Timah Road granted for cluster housing (32 semi-ds and m o** 3 bungalows) 1 Potential for -o < Tinll I CM-" 28 conventional semi-ds; or 42 units, comprising 16
      219 words

  • BEAUTIFUL HOMES
    • 666 30  -  Many buyers are first-time landed property owners as developers market such homes as lifestyle packages, reports ARTHUR SIM ARTHUR SIM CLUSTER housing or strata landed housing as it is officially known is an interesting part of the private residential property market, and it is increasingly
      666 words
    • 497 30  -  FEATURE HOME OF THE WEEK By ARTHUR SIM CHONG Teck Wei was not looking for a new home when he came across a newspaper article about a new cluster-house development being designed by Woha Architects. But being a fan of the prominent
      PHOTOS: CHRIS LOH  -  497 words
  • Page 30 Advertisements
    • 264 30 i 1 you more than one reason to Now when you finance your new home or refinance your existing one with party your mmmWßm Besides, HSBC home come with other attractive benefits as SHro "ff* competitive interest rates, no 'lock-in' feature where there's no penalty for ear| y redem P
      264 words
    • 38 30 Beautiful Homes A aeries brought to you by HSBC<X> Do you have a home you are proud of? Visit www.hsbc.com.sg to tell us about it If your home Is featured in this series you will receive Ssl,ooo cash.
      38 words

  • Page 31 Advertisements
    • 2400 31 Rare Prime Residential Redevelopment Site Rare Prime Condominium Redevelopment Site Emerald Lodge Emerald Hill Road (District 9) Venus Mansion Peck Hay Road (District 9) Freehold Freehold Located within the Emerald Hill Conservation Area a jj te area 5 ©25.1 sq m Master Plan 2003 Residential 0 Plot Ratio 2.1 Master
      2,400 words

  • Page 32 Advertisements
    • 219 32 ■apj I v I y K J§f" I t i kv\ f 1 ''TnCT ;]l t i ffM I I vl I WU I I l^^H Hiny Be part of a new riverside retail experience at Central. c Rimffl With a population of up to 10,000 working and living right
      219 words