The Business Times, 29 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 (F) 089/03/2005 Tuesday, November 29,2005
    17 words
  • 771 1  -  No outright call on entire S'pore tech sector yet, but some think it's time to look among sub-sectors By TEH HOOI LING [SINGAPORE] The darkest days may have passed for Singapore's technology sector, but choosing the right sub-sector and the right stocks are still vitally
    Source: N  -  771 words
  • 400 1  -  By ANGELA TAN [SINGAPORE] Singapore Telecom yesterday unveiled a major corporate restructuring as it gears up for the next phase of growth. The shake-up the company's biggest in six years will see tiie creation of two new chief executive officer posts
    400 words
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    • 28 1 flpl SME SPOTLIGHT Mil-Corn builds up training centres IBM Singapore's managing director on t how open-source computing is levelling JHmL jjf the playing field for Asia PG21 My*—*'
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    • 40 1 COMMENTARY CPIB should clear air overAirOcean PGS THE REITS REVOLUTION Physical property, stocks orReits?PG28 Challenges facing S'pore market PG 29 Still looking good in the US PG 30 AsiaReits: perils and prospects PG32 v -<#4; 811! llJoiiifi Markets Digest onPg2
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    • 274 1 HSBC CEO Stephen Green to succeed as chairman PGI7 < Mlv t &>. a IJL s rrtMDAMICC COMPANIES Qtiiaya chairman passes the torch PG6 If J J-:/• 7 (todew Marie-Antoinette 's passion for Breguet watches is legendary. She was a trendsetter, and if she wore a Breguet, everyone who aspired
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  • TOP STORIES
    • 411 2  -  This initiative will help address the issues exposed by the cashback scandal By ARTHUR SIM [SINGAPORE] Some 380 owners of Housing and Development Board (HDB) property were unhappy about valuations on flats they hoped to sell in the past three months. And
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    • 374 2  -  Electronics sector output rises 16.4%, fuelled by all-round growth By OH BOON PING [SINGAPORE] Singapore's factory output rose 17.6 per cent year on year in October, with increases in all clusters especially transport engineering, biomedical manufacturing and electronics. Excluding the biomedical
      374 words
    • 356 2  -  By CHEN HUIFEN [SINGAPORE] Singapore's overall business receipts index for services industries went up 12.2 per cent year on year in Q3, affirmihg that last quarter's growth of 7 per cent was a robust one. The Department of Statistics says the double-digit
      356 words
    • 134 2 STI 2,308.54 (+12.81) ST INDEX FUTURES 2,309.00 (+12.00) SIMSCI 272.99 (+2.04) SIMSCI FUTURES 272.90 (+1.20) MARKETS Monday Change KLSECOMP 900.14 -4.14 NIKKEI 225 14.986.04 +202.65 HANG SENG 15.100.00 +18.53 SET INDEX 666.69 -3.20 JAKARTA COMP 1.061.06 +6.66 MANILA COMP Closed SEOUL COMP 1,293.74 +0.52 SHENZHEN B 196.41 -139
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    • 693 2 PM lee rolls ou«he wetcome mat for Europe" v PRIME Minister Lee Hsien Loong has extended an invitation to Europe to be part of Asia's growth and prosperity. And Europe will not exactly be a party-crasher. Noting that ties between Europe and Asia go back centuries, Mr Lee
      693 words
    • 611 4  -  By CHUANG PECK MING in Paris PRIME Minister Lee Hsien Loong has extended an invitation to Europe to join the party and be part of Asia's growth and prosperity. And Europe will not exactly be a party-crasher. "Ties between Europe and
      STEPHANIE YEOW/ST  -  611 words
    • 577 4  -  Opinion makers see govt as the nation's most-trusted institution By MICHELLE QUAH [SINGAPORE] Foreign multinational corporations (MNCs) in China are held to a higher standard of performance than domestic companies, a study of opinion makers in China has found. The study,
      Source: Edel annual Asia Pacific stakeholder study for 2005  -  577 words
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  • Page 3 Advertisements
    • 275 3 ©2005 Samsung Electronics Co. Ltd. Screen images are simulated. B ''"'v-v vipmiß "4i J^H. Miiiiniain mp I i* "V. ;}y .<> ~s';tf' 1 imagine a phone that lets you jo I I Bra! harness the power of business. MjgHmgmM Imagine an ultra-sleek phone that has a 2-Megapixel camera with flash,
      275 words

  • Page 4 Advertisements
    • 137 4 **22^1®,:' Diners Club Card To apph cafl 6416 0980 D... A World of Exclusive Prtvilagam Treats Diners Club 1 i ffir I v. .C 333 Orchard Road, Singapore *****7. Tel: +65 6737 4411. Fax: +65 6732 2361. A division of Overseas Union Enterprise Limited (Company Registration N0.*****0050E) #f 1 >
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  • COMPANY NEWS
    • 641 5  -  Prudential Tower and Bugis Junction Towers among four buildings included By KALPANA RASHIWALA KEPPEL Land said last night it is setting up a real estate investment trust, K-Reit Asia, that will initially hold four office buildings Prudential Tower (about 10 floors), Bugis Junction
      641 words
    • 211 5 PROPERTY developer GuocoLand Ltd's China subsidiary has successfully tendered for a 143,846 sq m land site in the Putuo District in Shanghai for 1.44 billion yuan (*****.3 million). Wholly-owned GuocoLand (China) was confirmed by the Shanghai Putuo Land Bureau to have won the site in
      211 words
    • 554 5  -  HOCK LOCK SIEW By CONRAD RAJ THE recent spate of news surrounding chief executive Thomas Tay of logistics provider Air Ocean Group has once again highlighted issues in the local stock market. The saga started, it seemed, when the Corrupt Practices Investigation Bureau (CPIB)
      554 words
    • 676 6  -  Judicial manager Ernst Young to talk to new investors about their involvement By MICHELLE QUAH THE Citiraya saga may be coming to a close for some. But for others, the work is just beginning. As Citiraya Industries chairman Michael Lim prepares to "hand over the torch"
      676 words
    • 245 6  -  Eight others are likely to plead guilty: sources By LESLIE YEE ACCORD Customer Care Solutions (ACCS) founder and former CEO Victor Tan, 34, who has been slapped with 99 charges, is claiming trial. The charges against him include cheating Nokia through fake
      245 words
    • 236 6 AIROCEAN shares tumbled yesterday in heavy trading. The stock fell 1.5 cents or 12 per cent to close at 11 cents despite the company's chief executive Thomas Tay having reassured investors that he was not under any investigation by the Corrupt Practices Investigation Bureau (CPIB). A
      236 words
    • COMPANY BRIEFS
      • 41 6 DBS Treasures Priority Banking yesterday officially opened its newly renovated Raffles Place Centre/Branch. This is the second DBS Treasures Centre/Branch to be opened after renovations. The total number of DBS Treasures centres now stands at five.
        41 words
      • 82 6 EQUIPMENT supplier Autron Corporation posted a net profit of As 3 million (553.7 million) for its first quarter ended Sept 30, 2005, up from As2.l million in the previous corresponding period. Sales revenue and "other revenue" rose to A 560.2 million, up from
        82 words
      • 78 6 FROZEN food and ice-cream maker Youcan Foods International Ltd has been recognised as "China Famous Trademark" which provides the company with the maximum level of intellectual property (IP) protection in China. The "Youcan" trademark will not be allowed to be used by any other
        78 words
      • 73 6 TELECOMMUNICATIONS services firm Teledata (Singapore) has warned that its full-year turnover for FY2005 is expected to fall below that of last year and the company is projected to incur net loss close to that of last year. The projected net loss would be attributable to
        73 words
      • 38 6 MAPLETREE Logistics Trust yesterday completed its purchase of 8 Loyang Crescent for 16.5 million. The acquisition costs are fully funded by net proceeds from the private placement of new units of Maple Tree Logistics.
        38 words
      • 60 6 MIDAS Holdings, which makes aluminium alloy extrusion products and polyethylene pipes, has set up a wholly-owned subsidiary in Beijing. The subsidiary, Midas Trading (Beijing) Co Ltd, has a registered share capital of US$2.l million and is in the business of import, export and wholesale of
        60 words
    • 311 7  -  IPO WATCH Poor market sentiment was the reason cited for the withdrawal By SIOW LI SEN YET another IPO hopeful, Haojey Technofibre, has shelved plans to go public because of poor market sentiment, says issue manager Westcomb Capital's boss Choo Chee Kong. He said the withdrawal
      311 words
    • 342 7  -  Medical equipment firm's turnover could rise 30m yuan By CHEN HUIFEN JUST weeks after listing, Landwind Medical has signed a deal with Siemens that could add at least 30 million yuan (556.3 million) to its turnover next year. The medical equipment distributor has entered into
      342 words
    • 338 7 EXHIBITION and event management specialist Cityneon Holdings and logistics service provider Chasen Logistics Services announced 1 the launch of their initial public offerings (IPO) yesterday. Sesdaq aspirant Cityneon is offering 21 million shares 17.6 million new and 3.4 million vendor units at 25
      338 words
    • 280 7  -  By CHEN HUIFEN BIOTECH company GeneMedix Pic has reported a net loss of £3.75 million (5510.9 million) for the nine months ended August, more than the £3.2 million in the preceding corresponding period. But the British-based firm, which did not
      280 words
    • 397 7  -  By LESLIE YEE SINGAPORE'S United Overseas Bank (UOB) is aiming to raise profit contribution from its Thai operations by at least six times over the next five years. Francis Lee, senior executive vice-president (personal financial services and international), expects Thai contribution to
      397 words
    • 142 7 Reuters UNITED Overseas Bank plans to raise about US$5OO-$6OO million in hybrid debt, a source familiar with the deal said. This would be "the first hybrid debt issue for UOB and the largest bank capital hybrid Tier 1 deal in Asia this year", said
      Reuters  -  142 words
  • Page 5 Advertisements
    • 227 5 (BDH) prolabo INTERNATIONAL V V VWR International is a Global Laboratories Supplies Group with annual sales of US$3.O billion to 250,000 customers with products from 3,000 suppliers. VWR International Global Operations (UK) is pleased to announce the appointment of SINO CHEMICAL COMPANY PTE LTD 70-72 Kian Teck Road, Singapore *****9
      227 words
    • 152 5 .mi Mi XS f if VV' WITH THE RIGHT SUPPORT, STAYING LEGAL CAN BE VERY REWARDING. In line with IPOS' bid to stay 100% legal, we at the Association of Small and Medium Enterprises (ASME) support the use of legal software. Thus, we would like to encourage all our members
      152 words

  • Page 6 Advertisements
    • 2299 6 I —V I Commonwealth Bank of Australia Commonwealth Bank p COMMONWEALTH BANK OF AUSTRALIA AND CONTROLLED ENTITLES FOR THE YEAR ENDED 30 JUNE 2005 All amounts are expressed in Australian currency Statements of Financial Performance Directors as at 30 June 2005 GROUP BANK The name of each person holding the
      2,299 words

  • Page 7 Advertisements
    • 287 7 hcjkß BUSINESS 16,552 rnileT^M Y M 13,244 miles ECONOMY Ah I 4,634 miles Q 768 milp< (Booking Class: M/H/W/C) W ITllieS J 4;•'' Terms Conditions To receive the doubt* bonus miles. members mun pre-register for the double bonus mfles during the campaign period and fly with ANA from 01 Dec
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  • SINGAPORE MARKETS
    • 501 8  -  STOCKS This should be a more effective theme compared to many others that have run in the past 12 months R SIVANITHY Senior Correspondent Throughout the run of the past 12 months, various themes have come and gone China, oil and gas, penny stocks,
      Source: Bloomberg  -  501 words
    • 504 8  -  TRADES TO WATCH Compiled by Nande Khin MORGAN Stanley companies collectively known as Morgan Stanley Entities have emerged as a substantial shareholder of hard-disk component maker Unisteel Technology. The group comprises Morgan Stanley Investment Management Company, Morgan Stanley Dean Witter (Singapore) Holdings, Morgan
      504 words
    • Article, Illustration
      417 8 OTHER SINGAPORE INDICES Nov 28 VALUE CLOSE BT OB/OS +159.00 BT CADI -*****.00 +16.00 BT 10-day MA -*****.00 All-SG Equities 586.49 +4.32 SG Equities Elect 124.84 +0.35 SG Equities Fin 1701.87 +8.25 SG Equities Prop 702.16 +4.48 SIMSCI 272.99 +2.04 SiMSCI Futures 272.90 +1.20 MOST ACTIVE STOCKS VOLUME SingTel 15c
      417 words
    • Article, Illustration
      970 8  -  Compiled by UMA SHANKARI ST Engineering Nov 28 dose: 552.65 OCBC INVESTMENT RESEARCH. Nov 28 ST Engineering announced after market close on Friday that it had won a contract worth Ssl2o million from Singapore's Ministry of Defence. Under this contract, STE's aerospace arm ST Aerospace will provide the Republic
      Source: Bloomberg  -  970 words
    • 539 8  -  CURRENCIES LARRY WEE Senior Correspondent GOLD and the US dollar were in the driver's seat yesterday in Asia, headed (almost inexorably, it would seem) for such key round number targets as US$5OO per ounce and 120 yen at the start of a week which
      Source: Reuters  -  539 words

  • CORPORATE AWARDS
    • 1205 9  -  A new award that recognises exemplary investor relations practices will be given out next year. MICHELLE QUAH reports MICHELLE QUAH GOOD investor relations isn't simply about talking to shareholders. It's about the entire spirit of good corporate governance and corporate disclosure. About going beyond what's mandatory in the
      FILE PHOTO  -  1,205 words
  • Page 9 Advertisements
    • 312 9 3D COLOUR MANAGEMENT The Colour Management System achieves precise control based on 3D management in the color difference plane #1 and brightness directions. This finer level of control produces more expressive images. SD/PC CARD SLOTS VIERA Plasma and LCD models* are equipped with SD and PC card slots, so viewing
      312 words

  • SINGAPORE NEWS
    • 563 10  -  Traders see a one-third drop in business for this year against 2004 By RONNIE LIM DESPITE a promising third-quarter spurt, oil trading activity here slipped again in OctoberNovember to lacklustre first-half levels. And traders expect business for the full year to be down more than
      563 words
    • 293 10  -  By UMA SHANKARI RAFFLES Hotel's annual charity Christmas tree auction is back for the 14th year running. This year, the theme is "A Christmas Wish". And the auction, on Nov 30, will feature eight spectacular trees sponsored by companies in Singapore. The
      PHOTOS: YEN MENG JIIN  -  293 words
    • 340 10  - Lee Lee turns 50, donates $500,000 By CONRAD TAN ONE of Singapore's oldest law firms, co-founded by Minister Mentor Lee Kuan Yew, celebrated its 50th anniversary yesterday by giving $500,000 to charity. At a reception, Mrs Lee Kuan Yew, who is one of the three founders of Lee Lee, presented
      340 words
    • 167 10 SINGAPORE enjoyed a 6.9 per cent jump in visitor arrivals last month, according to figures released yesterday by the Singapore Tourism Board (STB). The island welcomed 744,000 visitors in October, up from 696,000 in the same month last year. Visitor days were estimated to
      167 words
    • 215 10 LEADING international service apartment operator The Ascott Group and Bah-rain-based Addax Investment Bank signed an agreement yesterday to launch a cluster of Ascott and Som-erset-branded service residences across the Middle East and North Africa. Under the terms of the memorandum of understanding, Addax will
      215 words
    • 142 10 A GROUP of Singapore businessmen are in China's third-largest city, Tianjin, to network and explore investment opportunities with potential Chinese partners. The businessmen are part of the Singapore Country Exhibition 2005, co-or-ganised by the Association of Small Medium Enterprises (ASME) and Singex Exhibitions, with the
      142 words
    • NEWS ROUNDUP
      • 25 10 FOLLOWING a restructuring of ownership, Sinova Medical Centre which specialises in medical aesthetics has changed its name to Vida Medical Centre.
        25 words
      • 45 10 NEXT year, the government will be giving up to four months of service and conservancy charges rebates, and up to three months of rental rebates to eligible Singaporean HDB households. The rebates will be given in January. March, June, September and December.
        45 words
  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 225 11 UOB 4 celebrates the dawn t iV of a new era I'M in Thailand .i s i I 1 f t The United Overseas Bank (UOB) Group celebrated a historical milestone in A subsidiary of United Overseas Bank, UOBT has total assets of Baht 206 Thailand on 28 November 2005
      225 words

  • SMEspotlight
    • 1085 12  -  Aerospace services firm has set up second centre in Manila and will open a third in Tianjin, China. MATTHEW PHAN reports MATTHEW PHAN MIL-COM Aerospace has made more than a few headlines, winning the Enterprise 50 award twice in 2002 and 2003. Its then-CEO Diana
      ARTHUR LEE  -  1,085 words
    • 593 12  -  Its biobags are 100% biodegradeable and compostable By OH BOON PING IMAGINE you're a homemaker washing up the dishes after a meal and trying to dispose of uneaten food. It's likely you'll reach for a plastic bag to hold the waste before you throw
      593 words
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  • Page 13 Advertisements
    • 1229 13 An advertising feature Links with multiple upstream suppliers in diverse geographical locations, 24-hour technical monitoring and affordable rates keep Phoenix Comms well moored IDD market Keep in touch at low cost TODAY, it is common for peo- fic transmission, technicians will quickly pie to advance not only attempt to resolve
      1,229 words

  • ECONOMY WATCH
    • 922 14  -  COMMENTARY The euro-area economy needs a dear, pro-growth economic policy. And the ECB needs a leader who can put that message across straight By MATTHEW LYNN Bloomberg DOES European Central Bank (ECB) president Jean-Claude Trichet think interest rates should rise next month? Yes. No. Er,
      Bloomberg  -  922 words
    • 171 14 Reuters [SHANGHAI] The surplus in China's international balance of payments grew sharply in the first half of the year, with foreign exchange reserves also up strongly, the country's forex watchdog said in a report yesterday. China recorded a current account surplus of
      Reuters  -  171 words
    • 4578 14 UNIT TRUSTS FUNDS crtl Money Sing DoHai Class B 1.0867/ CM ParvEuope Equity Fund 13/ IM CitiSelect Asia T/t Balanced M7/ niKAI OtiSdect Asia Tit Grow* 1.45/ CitSelectAsaWEnhGrt, 1.3* CitiSelect Global Growth U1/ jar tuopeoai ii*i i cj6 Healthcare Fund 0.98/ Star Asian Tiger Eqty 1.094/ iii Star Asia Bond:
      4,578 words
  • Page 14 Advertisements
    • 55 14 AllianzGl Global Internet Fund Winner of the Sector TMT Global (3Year) Category* Allianz (jfi) and Best Equity Sector Information Technology Fund over 1 Year" Global investors i r- r- j j tl -j i r j j company regn. no *****7169Z Source: Standard Poor s 2005 Singapore Fund Awards 'The
      55 words

  • MALAYSIA/INDONESIA
    • 621 15  -  This follows poor showing of Mesdaq firms, including S'pore's Litespeed By PAULINE NG in Kuala Lumpur MALAYSIA'S Securities Commission is set to unveil new and tougher guidelines for listing on the Mesdaq Market, as recently listed Singapore e-learning solutions provider Litespeed Education
      621 words
    • 316 15 AP [KUALA LUMPURJ South-east Asian nations will look for foreign investment for a proposed railway line from Singapore to the Chinese city of Kunming that is expected to bolster regional trade, Malaysia's trade minister said yesterday. Rafidah Aziz said feasibility studies to identify
      AP  -  316 words
    • 2269 15 vol General Corp .0.40 -0.02 26 Nov 28 RM *1- (-000) Gentinq. 21.00 -0.50 258 George Kent 0.60 -0.01 435 A4M Realty 1.49 unch 3 GHL Systems j0.10 -0.01 1140 Abric .0.31 unch 101 Globetronics Tech 0.29 -0.01 397 ACP Industries .0.65 unch 0 GlomacBhd 1.18 0.01 10
      2,269 words
    • 371 15 Bloomberg [KUALA LUMPUR] Proton Holdings Bhd shares closed 3.2 per cent lower after a newspaper report said Malaysia's biggest carmaker may post RM7OO million (Ss3l4 million) in pretax loss for the quarter ended September. Proton closed at RM7.45 yesterday, 25 sen lower than Friday's
      Bloomberg; AFP  -  371 words
    • 115 15 Reuters [KUALA LUMPUR] Malaysia's biggest lender, Malayan Banking Bhd, said yesterday it has ended merger talks with financial consultancy BinaFikir Sdn Bhd. "Maybank wishes to announce that it has mutually agreed with BinaFikir Sdn Bhd to cease negotiations on any tie-up with its merchant
      Reuters  -  115 words
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  • GREATER CHINA/INDIA
    • 606 16 Firm's cash managed by just one global bank and complex derivatives are avoided Reuters [SINGAPORE] When Chinese firm Lenovo Group Ltd bought parts of IBM's business. this year to become the world's thirdlargest computer maker, it suddenly had cash flows from 67 countries
      Reuters  -  606 words
    • 267 16 AP [MUMBAI] Indian shares rose to a record high yesterday, crossing the 9,000 mark for the first time ever with foreign investors snapping up shares of blue chip companies. The Bombay Stock Exchange's benchmark 30-stock index, Sensex, rose as high as 9,005.63 in
      AP  -  267 words
    • 252 16 [NEW DELHI] The chairman of Wipro Ltd, a top Indian software exporter, says he is opposed to unionisation of the information technology sector, according to a news report published yesterday. "The unionisation of the sector would certainly be a retrograde step. "It will unnecessarily
      252 words
    • 67 16 AFP [TOKYOI The cast of Hollywood movie Sayuri, (left to right) Japanese actress Kaori Momoi, Malaysian actress Michelle Yeoh. Chinese actress Zhang Ziyi and Japanese actor Ken Watanabe. smiling for photographers at a press conference here yesterday. The movie, an adaptation of the novel 'Memoirs
      AFP  -  67 words
    • 422 16 Disgraced land minister accused of accepting 5m yuan in bribes Reuters [BEIJING] China's disgraced minister of land and natural resources has been charged with accepting bribes, the Beijing News said yesterday, the most senior official ensnared for graft since President Hu Jintao took office.
      Reuters  -  422 words
    • 409 16 It is seeking to ban commission rebates and change rules [HONG KONG] Hong Kong's financial regulator is seeking to clamp down on irregularities in the territory's derivative warrants market by proposing a ban on several trading incentives and market practices, says a
      409 words
  • Page 16 Advertisements
    • 1526 16 :*AT3 NOTICES BUY IT-SEtL IT FIND IT IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KINTETSU INTERNATIONAL EXPRESS (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****3259G) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the
      1,526 words

  • ASIA-PACIFIC/WORLD
    • 567 17 Move contravenes UK code but bank says it consulted major investors Reuters. Bloomberg [LONDON] HSBC stuck to the bank's tradition of promoting company insiders yesterday, naming Stephen Green, group chief executive, to succeed John Bond, its chairman, who will retire next year. Mr Bond, 64,
      Reuters.; Bloomberg; FILE PHOTOS  -  567 words
    • 228 17 Bloomberg. AP [NEW YORK] Merck Co, whose earnings have dropped for three straight years, will cut 7,000 jobs and close five factories in a restructuring designed to reduce annual costs by US$3.5 billion to US$4 billion. Chief executive officer Richard Clark, who
      Bloomberg.; AP  -  228 words
    • 273 17 Reuters [SYDNEY] A US$4 billion trio of new listings is rushing to market in Australia ahead of the Christmas break, testing investors' seasonal appetite. The two utility infrastructure trusts with assets centred in Victoria and South Australia states and one brand-rich food group come
      Reuters  -  273 words
    • 484 17 Prime brokerage revenues at US$5b: Morgan Stanley [LONDON] The world's largest investment banks have seen a sharp increase in revenues from servicing hedge funds, underlining their growing dependence on the new breed of investors for future profits and growth, according to a report
      484 words
    • 224 17  -  Round-the-Worid Yacht Race. Leg 3, Race 4, Day 1 Clipper Ventures After Sunday's tumultuous farewell, the fleet soon got back to reality as they headed offshore across the fast flowing Agulhas current Relatively light winds and a confused sea state soon claimed several victims and buckets were reportedly
      224 words
    • 345 17 [LONDON] The London Stock Exchange (LSE) is considering merging with OMX, formerly OM Group of Sweden, to create a company with a market value of £2.5 billion (557.26 billion), says a report in the Sunday Observer. The paper said LSE's chief executive Clara Furse
      345 words
    • 217 17 Bloomberg [WASHINGTON] US sales of previously owned homes fell a larger-than-expected 2.7 per cent in October to the lowest level since March, evidence that rising mortgage rates and skyrocketing prices are putting buying out of reach for some. The inventory of
      Bloomberg  -  217 words

  • AVIATION
    • 326 18 Move aimed at raising number of Chinese tourists to Indonesia Bernama [JAKARTA] Indonesia's national airline companies have been asked to increase their direct flights to China to boost the number of foreign tourists to Indonesia, state-run Antara news agency reported yesterday.
      Bernama; AP  -  326 words
    • 357 18 Private carrier East Star to buy 10 A32o0s on credit AFP [BEIJING] Airbus has signed a 12 billion-yuan (552.5-biilion) deal to sell 10 A 320 jets and lease another 10 to private Chinese carrier East Star Airlines, the two companies said yesterday. The new
      AFP  -  357 words
    • 140 18 AFP [ISTANBUL] Turkey has proposed to Organisation of the Islamic Conference (OIC) member countries a project for the joint manufacture of a passenger plane, a senior Turkish official told Anatolia news agency on Friday last week. The proposal was made by
      AFP  -  140 words
    • 220 18 AFP [KUALA LUMPUR] Malaysia Airlines may cancel plans to retire its fleet of Boeing 737s and replace them with at least 40 new Boeing or Airbus aircraft, as it seeks ways to cut costs, a report said yesterday. The New Straits Times quoted unnamed
      AFP  -  220 words
    • 454 18 Bloomberg [HONG KONG] Air Asia Bhd, South-east Asia's biggest budget carrier, posted its fifth quarterly profit after the airline attracted more passengers with low fares and locked in fuel costs with futures contracts. Net income for the first quarter ended Sept
      Bloomberg  -  454 words
    • 212 18 Bloomberg [TAIPEI] EVA Airways Corp, Taiwan's second-largest airline, is in talks with Airbus SAS on buying aircraft as it upgrades its fleet to meet rising travel demand. "We've always been in talks with Airbus," Nieh Kuo-wei, a spokesman at Taoyuan-based EVA, said
      Bloomberg  -  212 words
    • 591 18 rUWtT timl GEEi 504S5 0550 —«M3£ 2030 smiA i7« J|| m tS~m AImmcUM ***** 2000 ;045 If 1 frSHiR &88J m Mfflg jg Jgjj I II Ijjjj I >•*•— ftl H <j®8 a "S8I8 8I1S lwk sJ8| i$ Jg H &T J|1'^fjj Iwdn MZ900 1140 MZ901
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  • Page 18 Miscellaneous
    • 304 18 CRYPTIC CROSSWORD 1 Considers food shop repri--9 Beauty that is in the outer 10 He is upset in father and P! mother's rhetorical digression 11 Legislation Norwegian capital 12 |H has on linen (4) 14 One in a list of names to cele- I I I I I 16 Will
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  • TRANSPORT
    • 363 19 Business group says planned £240b spending over 10 years not enough Bloomberg [LONDON] Britain's transport system needs an extra £60 billion (Ssl74 billion) over 10 years in public and private funds to improve aging infrastructure and meet growing demand, the country's
      Bloomberg; BLOOMBERG  -  363 words
    • 385 19 Bloomberg [LONDON] The cost of shipping crude from the Middle East to refineries worldwide on 2 million barrel oil tankers may level out after last week's 6 per cent decline as a surplus of tonnage off' sets an increase in
      Bloomberg  -  385 words
    • 231 19 Bloomberg [AMSTERDAM] Workers at Smit Internationale NV, a Dutch provider of port towing services, have cancelled a planned 48-hour strike after their unions reached a new labour agreement. "We are very pleased about this," Claudia van Andel, a spokeswoman for the Rot-terdam-based
      Bloomberg  -  231 words
    • 287 19 SGX '000 Ho» 28 SS W- Vol CH Offshore .036 -0.01 237 ChuanHup— .0.81 unch 9604 Ccsco Corporation 2.33 -0.02 1802 CWT Distribution .0.81 -0.01 27 EzraHldgs 1.40 -0.02 223 Freight Unks .0.06 unch 163 Grand Banks Yadit 0.89 unch 0 Java Holdings 1.24 0.01 810 K1 Venture
      287 words
  • Page 19 Advertisements
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  • EDITORIAL & OPINION
    • 553 20 EDITORIAL FOR someone who has managed to antagonise both China and South Korea by actions that can at best be described as insensitive, Japanese Prime Minister Junichiro Koizumi might be thought to have achieved a minor diplomatic coup in hosting a relatively cordial
      553 words
    • 1080 20  -  The Asia-Pacific Trade Agreement provides significant opportunities for its members By RAHUL SEN EARLIER this month, Asia's oldest preferential trade agreement (PTA) signed in 1975 under the aegis of the Economic and Social Commission for the Asia-Pacific (Escap), also known as the Bangkok Agreement,
      BLOOMBERG  -  1,080 words
    • 752 20  -  THE BOTTOM LINE PAUL KRUGMAN NYT MANY eulogies were published following the recent death of Peter Drucker, the great management theorist. I was surprised, however, that few of these eulogies mentioned his book The Age of Discontinuity, a prophetic work
      NYT  -  752 words
    • 1612 21  -  The open computing model has levelled the playing field for South-east Asian nations By PATRICIA YIM THE burgeoning high technology centres in South-east Asia and other parts of Asia owe their impressive growth to the open source movement coupled with the talent and creativity
      AP, REUTERS  -  1,612 words
    • 615 21  -  LETTER TO THE EDITOR Philip Hemnell Singapore AS an existing shareholder of Genting International, I am perturbed by the company's move to suspend the stock on Clob on Nov 23 and the Singapore Exchange's decision to let suspension continue until the "date of
      615 words

  • Page 21 Advertisements
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  • 10096 22 SGX MAINBOARD S2-Wk Tot Last Vol Day List Quote GrfMv Mv GtVM KM MCao Wgli low Cod* Cannny Solo +7- COOP) Wgh low Buyr Mhr Cvr P/t turn 75 2 5716 1st Software 5c .12.5 2.5 3 10.1 22 6 3148 STelecom US2c 7 unch 50 7 7
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  • 6415 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to tool on la SS M OSS dy yr dy %yr dy *V Nov2» Indm Oin— Onng« Chang* Chang* Change Chang* WatUmiP>tftnin»Y 9606 03 12.7 03 103 00 6.3 EAftPrehmwy 9B8J 03 21.4 0.1 103 -03 63 tMopePrtfawY 1254-9 03 115 0.1 73
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  • Page 24 Advertisements
    • 1374 24 NYK GROUP SOUTH ASIA PTE LTD r- K v tel 6295 0123 V—l——a JIAAunE A 3 Im. LINE Fax: 6292 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5786 (Documentation) NIPPON YUSEN KAISHA TOKYO KNPAKU KAOHA. ITtt (C/RNO: **********0E) luwyNCxLn u Mt J /-J- y.„ u. >->—» i«—l— r u I
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  • Page 25 Advertisements
    • 1212 25 #ww hamburgsud.com ASIA StUVKI SUM 6 1 (EXPORT) ASK SERVKE SUNG 2 (iXPOKT) W/Vw StsAPORE DORIAN SEPETIRA SAKTOS (THAI PARANAGUA SNWAPORE MOOS AWES RIOGRANM SANTOS SOTTHi Commodore 016W 30/11 11/12 21/12 22/12 24/12 25/12 Cm (arte 504W 05/12 24/12 29/12 31/12 01/01 tfonco Singapore 505W 07/12 11/12 21/12 21/12 31/12
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  • THE BUSINESS TIMES SHIPPING TIMES
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  • Page 26 Advertisements
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  • FOCUS ON REITS
    • 1254 28  -  MICHAEL SMITH lists some suggestions to boost Singapore's position as a preferred Reits listing destination MICHAEL SMITH REVISED property fund guidelines issued in October by the Monetary Authority of Singapore (MAS) have put Singapore at the forefront of Asian real estate investment trust (Reit) regulations. The latest
      1,254 words
    • 790 28  -  By TRICIA SONG SINGAPORE property stocks have risen 34 per cent on average so far this year, significantly outperforming the 10 per cent for the Straits Times Index. A few stocks have more than doubled as investors anticipate a rise in capital values for the
      790 words
    • 923 29  -  ROGER TAN looks at key influencing factors as Singapore moves closer to becoming a regional Reits hub ROGER TAN THREE years after Singapore investors got their first taste of real estate investment trusts (Reits) with the listing of Capita Mall Trust, the investment options have widened
      Source: Reuters, SIAS Research; Source: SIAS Research  -  923 words
    • 878 30  -  With large pension funds and institutional money looking for parking places, the outlook for Reit market remains bright, says STUART CROW STUART CROW THE US market has about 200 Reits currently registered with the Securities and Exchange Commission with an asset value of over US$627
      Photo: Bloomberg; Source: Nareit  -  878 words
  • Page 28 Advertisements
    • 263 28 H iiifl I m M I J—flj Br*! J LI "TBHfff i BMEttofW|B]lUyj 'jj^j I M System 1 J, B'pas.f Panjang M M W* L I J I" I •I I ifadr l>itiWjj§v iB I. 890 psa jm m crrr/cBO/ Freehold Foreigners Eligible BuMinge# II Ji CHANGI AIRPORT r In
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  • Page 29 Advertisements
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  • Page 30 Advertisements
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  • Page 31 Advertisements
    • 420 31 Singapore's most sought after addresses. tflflH Within three weeks of theii release on the market, both penthouses were snapped up. "I*-. > m 9 For developer Ideal Homes Pte Ltd, a wholly jfißßgfite owned subsidiary of Singapore Land Limited, the success of the Paterson's launch is What's more, because TOP
      420 words

  • PROPERTY
    • 1535 32  -  FENG ZHI WEI examines the development of and outlook for the fast-growing asset class around the region FENG ZHI WEI ASIA has seen a dramatic growth in real estate investment trusts (Reits) which currently have a market value of about US$3l billion. It was just
      Source: Jones Leng LaSalle Research  -  1,535 words
  • Page 32 Advertisements
    • 281 32 4 Buildings One single-storey building Tenure :60 we f 1969 One 2-stOfey building No Ground Rent Two 3-storey buildings u "y Air-Conditioned Land Area 261,400 sq ft Ample Car Parking lots CFA 304,700 sq ft Wtthin Toa Payoh Housing Estate K&. For enquiries, please contact: AMBER ROAD DEVELOPMENT SITE FOR
      281 words
    • 124 32 mji wct .1, t i i ~^^^OWßH|||^wpbS^ 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 site area 5,025.1 sq.m. Site area 2,501.4 sq.m. Master Plan
      124 words