The Business Times, 1 December 2005

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Total Pages: 40
1 40 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE online at http://business-times.asia 1 .com.sg MICA (P) 089/03/2005 Thursday, December 1,2005
    15 words
  • 750 1  -  BT exclusive Source believes ministry will be amenable to idea following JTC plan to divest property By LESLIE YEE [SINGAPORE] The Housing and Development Board may inject its car parks and shop units into a huge real estate investment trust (Reit).
    750 words
  • 538 1  -  By S JAYASANKARAN in Kuala Lumpur central bank yesterday announced its first interest rate rise in seven years after the economy accelerated in the third quarter for the first time in more than a year to 5.3 per cent. Bank Negara hoisted
    538 words
  • 137 1 STI 2,300.25 (-2.63) ST INDEX FUTURES 2,300.00 (-3.00) SIMSCI 272.69 (+0.54) SIMSCI FUTURES 272.40 (-0.20) MARKETS Wednesday Change KLSECOMP 896.13 -2.50 NIKKEI 225 14,872.15 -55.55 HANG SENG 14,937.14 -91.62 SET INDEX 667.75 -2.15 JAKARTA COMP 1,096.64 +14.36 MANILA COMP 2,099.74 -7.62 SEOUL COMP 1,297.44 +18.06 SHENZHEN B 193.81
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  • Page 1 Advertisements

  • TOP STORIES
    • 945 2  -  Moves in place to cut costs, improve patient care and transparency By WONG WEI KONG [SINGAPORE] In the four months since it took charge, the new board and management at the National Kidney Foundation (NKF) has made sweeping changes to the way the charity
      JESSICA LIM/ST  -  945 words
    • 592 2  -  Details of charity's related-party deals revealed By MICHELLE QUAH [SINGAPORE] The new board of £he tyatiorjaJ Mr ney Foundation (NKFI has decided to write off $6 million for 2004 as a result of findings so far from an independent probe into the
      592 words
    • 170 2 [SINGAPORE] Former National Kidney Foundation (NKF) chief executive officer TT Durai has paid Singapore Press Holdings (SPH) —which he took to court in a failed defamation suit in Ju1y—5357,290 in legal costs and expenses. A letter from his lawyers at Michael Khoo
      170 words
    • 584 2 China franchisee takes Informatics to court PROBLEMS continue to pile up at Informatics Holdings, with a franchisee suing the beleaguered education provider for making him part with $240,000 in fees by misrepresenting the potential of the business in China's Hainan province. The legal move comes a day after
      584 words
    • 515 3  -  He alleges company distorted China market potential, causing him losses By CONRAD RAJ [SINGAPORE] Problems continue to pile up at Informatics Holdings, with a franchisee suing the beleaguered education provider for making him part with $240,000 in fees by misrepresenting the potential of the
      515 words
    • 473 3  -  By CONRAD TAN [SINGAPORE] Singapore's most valuable brands are now worth more than ever. At the Singapore Brand Award 2005 presentation ceremony yesterday, brand consultant Interbrand said the country's 15 most valuable brands are now worth an estimated $9.5
      473 words
    • 502 3  -  It can lease back current office space for up to 14 years By NANDE KHIN [SINGAPORE] DBS Bank has agreed to sell its headquarters building in Shenton Way to a Goldman Sachs real estate fund for $690 million, confirming an earlier BT report.
      502 words
  • Page 2 Advertisements
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  • COMPANY NEWS
    • 328 4  -  By VEN SREENIVASAN FIND a prompt and amicable solution with Wearnes International (1994), taking into account the interest of Wearnes' minority shareholders, the Singapore Exchange (SGX) told WBL Corp yesterday. SGX's call follows recent news that mainboard-listed WBL's stake in Wearnes has risen
      328 words
    • 427 4  -  NEW CORPORATE GOVERNANCE BAR Tougher standards say they cannot be SGX members By SIOW LI SEN TOUGHER corporate governance standards that the Singapore Exchange (SGX) has to abide by to ensure its independence are set to put the immediate spotlight on its
      427 words
    • 698 4  -  HOCK LOCK SIEW By MICHELLE QUAH THE slew of new rules announced by the Monetary Authority of Singapore (MAS) this week to tighten corporate governance at the Singapore Exchange (SGX) should be applauded for their boldness. But the process shouldn't stop there; the
      698 words
    • 485 4  -  By MATTHEW PHAN THE Civil Aviation Authority of Singapore (CAAS), in partnership with main-board-listed Mediaßing, yesterday launched Voice over Internet Protocol (VoIP) phone service at Singapore Changi Airport. CAAS introduced the facility at the departure and transit lounges of both terminals, making
      LIAMHE ZAOBAO  -  485 words
    • 24 4 Data reflects bid rates quoted by SGS primary dealers Source: The Monetary Authority of Singapore
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    • 450 5  -  Ongoing talks for restructuring of US$650m debt continue Reports by ANGELA TAN RECEIVERS of Singapore Telecom's, troubled 59.5 per cent owned submarine cable unit C2C are close to concluding the sale of its issued shares as Sing Tel continues to negotiate with
      450 words
    • 174 5 SINGAPORE Post yesterday said its executive vice-presi-dent of postal services and administration, William Tan, will be retiring on Dec 31, after 13 years with the company. Mr Tan, 58, was the deputy chief executive officer of Sing Post (then a wholly-owned subsidiary of Singapore Telecom)
      174 words
    • 222 5  -  By OH BOON PING NEWLY-LISTED HLN Technologies, a manufacturer of engineering precision elastomeric and polymeric components, has been appointed by Italy's Brembo as a supplier of technical rubber components for its automobile braking systems. Brembo, which is listed on the Milan Stock Exchange,
      222 words
    • 195 5 Bloomberg CAPITALAND Ltd. Singapore's biggest developer, said its Capitaßetail Japan Fund will pay 5.3 billion yen (Ss7s million) for its fourth shopping mall and expects its asset base to more than triple in the next three years. Capita Land said the fund
      Bloomberg  -  195 words
    • 676 7  -  Billion-dollar club is up a net 4 at 72 and the STI rebounds 3.8% By R SIVANITHY AFTER a weak October, the market capitalisation of the local stock market rebounded in November, up 3.6 per cent at $420.5 billion thanks to a fall
      FILE PHOTO  -  676 words
    • 282 7  -  By VEN SREENIVASAN AIROCEAN group will not suffer any major writedown of assets or investments by scaling back its China courier service, its chief operating officer said yesterday. "We did not invest in huge infrastructure or assets like trucks or property," Johnson Chong
      282 words
    • COMPANY BRIEFS
      • 109 7 TYCOON Oei Hong Leong has made a mandatory cash offer for Jurong Engineering Ltd (JEL) renamed International Capital Investment Ltd to buy all the shares he does not already own. The conditional offer— through Chip Lian Investments is at $2.62 a share. Chip Lian's
        109 words
      • 114 7 AP OIL International announced yesterday that one of its suppliers has failed to make delivery of raw materials due to funding problems. This was despite AP Oil having already made advance payments totalling US$l.62 million to the supplier to expedite the delivery. As a
        114 words
      • 66 7 TWO China companies have launched their initial public offers (IPO). Sinopipe Holdings, a plastic pipes and pipe fittings manufacturer and distributor, will be issuing 48 million shares at $0.26 a share, Its offer will close on Dec 14. Marine aquaculture specialist Oceanus Bio-Tech Holdings' IPO
        66 words
      • 114 7 PRINTING and packaging services provider Fung Choi yesterday said it has formed two joint ventures (JV) in China. The first JV— Weilun JV company between its subsidiary Fung Choi Printing and Zhongshan Weilun Trading will engage in the design, manufacture and sale of commercial
        114 words
      • 51 7 CHINA-based peanut-products maker Oriental Food Holdings yesterday said its joint secretary and chief financial officer Law Kok Kheng has resigned. Maureen Low will remain as sole secretary of Oriental Food, while Lee Wan Sing, the firm's finance manager will be the interim CFO with effect from
        51 words
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    • 3458 6 MANDATORY CONDITIONAL CASH OFFER by PRIMEPARTNERS CORPORATE FINANCE PTE. LTD. (Company Registration No. *****7389 D) (Incorporated in the Republic of Singapore) for and on behalf of CHIP LIAN INVESTMENTS PTE. LTD. (Company Registration No. *****3269K) (Incorporated in the Republic of Singapore) to acquire all the issued ordinary shares of 550.50
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 579 8  -  STOCKS Index-only strategy may not work at month-ends, or when overseas developments take a turn for the worse R SIVANITHY Senior Correspondent EARLIER this week, this column revisited a tried and trusted maxim that has particular applicability in the local market if players stick to the big
      Source: Bloomberg  -  579 words
    • TRADES TO WATCH
      • 448 8 UNITED Overseas Bank chairman and chief executive officer Wee Cho Yaw has increased his interest in takeover target United Industrial Corp (UIC) from 4.943 per cent to 4.957 per cent—a shade below the substantial shareholding level of 5 per cent. The 4.957 per
        448 words
      • 88 8  -  By UMA SHANKARI TAN Choon Hock, who earlier this month emerged as a substantial shareholder of Sembawang Kimtrans after having bought 16.97 million shares on the open market, has further increased his stake in the logistics company. Over a series of transactions over
        88 words
    • Article, Illustration
      435 8 OTHER SINGAPORE INDICES Nov 30 VALUE CLOSE BT OB/OS 78.00 +52.00 BTCAPI -*****.00 +73.00 BT 10-day MA -*****.00 +8.00 All-SG Equities 586.34 +2.03 SG Equities Elect 127.09 +2.23 SG Equities Fin 1698.31 +0.01 SG Equities Prop 698.19 +1.80 SIMSCI 272.69 +0.54 SiMSCI Futures 272.40 -0.20 MOST ACTIVE STOCKS VOLUME Wee
      435 words
    • Article, Illustration
      1052 8  -  Complied by UMA SHANKARI Keppel Corporation Nov 30 dose: $11.70 CIMB-GK RESEARCH, Nov 30 KEPPEL Corp's 53 per cent-owned subsidiary, Keppel Land announced it will be setting up a real estate investment trust, K-Reit Asia. K-Reit will own four prime office buildings for a start, comprising Keppel Towers, GE
      Source: Bloomberg  -  1,052 words
    • 547 8  -  CURRENCIES LARRY WEE Senior Correspondent A TBIO of strong US data releases overnight stiffened the back of the US dollar in overnight trading but, in contrast, good news Down Under for Australia yesterday morning failed to boost its currency's fortunes. Ahead of key US jobs
      Source: Reuters  -  547 words

  • SINGAPORE NEWS
    • 365 9  -  Asia to account for 15-20% revenue in the coming decade, from about 8% now By RONNIE LIM FIRST Shanghai, now Singapore. And more manufacturing plants are likely to follow in Asia for US chemical giant Huntsman Corporation. "Our strategy is to continue to grow with
      365 words
    • SINGAPORE ROUNDUP
      • 59 9 THE Vietnam Chamber of Commerce is organising an investment seminar and exhibition on Vietnam from Dec 6 to Dec 8 at the Suntec International Convention Exhibition Centre. Called Vietnam Day, the event is held in conjunction with the signing of an agreement on Vietnam-Singapore
        59 words
      • 44 9 Shell yesterday cut retail pump prices at its stations by five cents per litre for petrol and three cents per litre for diesel. Following with similar cuts were Esso, Mobil, Singapore Petroleum Company and Caltex.
        44 words
    • 282 9  -  By LESLIE YEE JTC Corporation has appointed foreign banks ÜBS and JP Morgan and property consultants Colliers International and Chesterton International as its advisers in relation to planned property divestments, market sources say. The property consultants are expected to fociis on the tenancy agreements of the
      282 words
    • 186 9  -  By CHUANG PECK MING in Berlin PRIME Minister Lee Hsien Loong, who today will be the first Asian leader to meet new German Chancellor Angela Merkel, kicked off an official visit to Germany yesterday with a visit to Parliament in Berlin,
      STEPHANK YEOW/ST  -  186 words
    • 218 9 THE Child Aid concert, despite the fact that not a single performer in its line-up has yet reached age 20, is promising to be a night of professional entertainment. Organised in support of The Straits Times School Pocket Money Fund and The Business Times Budding Artist
      218 words
    • 397 10  -  92% voted in favour, RTC to apply to courts to sanction scheme By NANDE KHIN THE Raffles Town Club (RTC) saga is finally over. A scheme of arrangement to pay damages to founder members has won a majority vote, allowing the club
      397 words
    • 244 10 THE government said yesterday it will spend $570 million over the next five years upgrading Sembawang Town. The announcement, made by Hawazi Daipi, chairman of Sembawang Town Council and Senior Parliamentary Secretary for Education and Manpower, comes just days after a similar programme for
      244 words
    • 349 10  -  By MATTHEW PHAN MEDIA companies here are venturing into new markets via partnerships with regional counterparts. Yesterday, two local companies moved to partner an Indonesian firm to produce telemovies. And today the Media Development Authority (MDA) joins hands with the Korean Film Council (KOFIC),
      349 words
    • 262 10 ECONOMIC ties between Singapore and Malaysia are at an all-time high, but the two countries must address bilateral issues that continue to plague them, diplomats and academics said yesterday at a roundtable on Singapore-Malaysia relations. According to N Parameswaran. the Malaysian High
      262 words
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  • FOCUS: SERVICES
    • 1068 12  -  DESIGN S'pore is not a design hub just yet, says MATTHEW PHAN MATTHEW PHAN AHEART-shaped bar top takes pride of place in the well-lit office. And a spiral shelf lined with books on art and architecture curls around the pink wall of the business manager's
      YEN MENG JIIN  -  1,068 words
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  • ECONOMY WATCH
    • 511 14 LATEST US DATA Overall economy weathers hurricane fallout but labour market takes a hit AP [WASHINGTON] The United States economy grew at a lively 4.3 per cent pace from July through September, the best showing in more than a year. The
      AP  -  511 words
    • 500 14 Reuters [TOKYO] The US dollar stayed within striking distance of a fresh two-year high around 120 yen yesterday, keeping gains made on data that reinforced expectations US interest rates will keep rising in the near term. The US currency
      Reuters; BLOOMBERG  -  500 words
    • 638 14 Bloomberg [NEW DELHI] India's economy grew faster than expected in the quarter ended September as monsoon rains increased harvests for the nation's 600 million farmers and financial services expanded. Gross domestic product expanded 8 per cent in the three months from
      Bloomberg  -  638 words
    • 283 14 Bloomberg [SHANGHAI] China's central bank said yuan appreciation would help reduce the nation's trade surplus and capital inflows, alleviate a rapid increase in foreign exchange reserves and ease pressure on the government to curb money supply growth. "Global market expectations of a
      Bloomberg  -  283 words
    • 203 14 AFP [BANGKOK] Thailand's economy is likely to expand by 5.0 per cent next year, supported by strong exports, improving tourism and falling global oil prices, the finance ministry said yesterday. Exports, which account for more than 40 per cent of Thailand's
      AFP  -  203 words
  • Page 14 Advertisements
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    • 35 14 MERITUS MANDARIN SINGAPORE A NEW LOOK IS COMING IN EARLY DECEMBER Mandarin Chicken Rice b still available at otr temporary locations. Meritus Mandarin Level 5, Pbofcade Chatterbox ©The Neptune, Shenton Way (Mon-Fri, 12 noon-230 pm)
      35 words

  • MALAYSIA/INDONESIA
    • 617 15  -  Carrier attributes 45% jump in costs to higher fuel charges, salaries By PAULINE NG in Kuala Lumpur STATH-OWNED Malaysia Airlines (MAS) plunged deeper into the red in the second quarter ended Sept 30, posting a net loss of almost RM36B million (Ssl6s
      617 words
    • 701 15  -  INDONESIA INSIGHT Indon officers imbibing the right values in training will be good for Indonesia as future leaders SHOES KAGDA Jakarta Correspondent THE news last week from Washington that the United States would restore full military ties with Indonesia after a 14-year lapse
      701 words
    • 270 15 Bloomberg [JAKARTA] Indonesia's President Susilo Bambang Yudhoyono ordered state oil company PT Pertamina to share the operations of the Cepu oilfield with ExxonMobil Corp, said Pertamina's president, Widya Purnama. "My president just gave me instructions to jointly operate between Pertamina and Exxon,"
      Bloomberg  -  270 words
    • GREATER CHINA/INDIA
      • BRIEFLY ASIA
        • 85 16 Bloomberg IKUAI LUMPUR] Tanjong Pic, a Malaysian electricity producer and betting group, will buy two power plants in Egypt from a unit of Electricite de France SA for US$3O7 million, almost doubling its power generation capacity. An agreement was reached to buy the plants
          Bloomberg  -  85 words
        • 117 16 Reuters. [JAKARTA] Indonesia's largest lender, PT Bank Mandiri Tbk, is planning to set up a separate entity to handle its bad debts next year, its president said yesterday. The plan comes after the bank was hit by a graft case worth hundreds millions
          Reuters.  -  117 words
        • 79 16 AP. [KUAIj\ LUMPUR] Malaysia Malaysia's deputy police minister apologised yesterday for inflaming a police abuse scandal by apparently defending the stripping of a Chinese woman at a police station, an act made public by a secretly shot video. Deputy Internal Security Minister Noh Omar said
          AP.  -  79 words
        • 75 16 AP [KUALA LUMPUR] The Malaysian government yesterday vowed to crack down on illegal money lenders and loan sharks amid rising complaints of harassment and intimidation of debtors, including attempts to torch their homes. The government will show "no mercy to illegal money lenders
          AP  -  75 words
        • 84 16 Bloomberg [BEIJING] China is a "priority" market for Kazakhstan's oil and the Central Asian state may provide incentives to lure investment by oil companies from the fastest-growing major economy, the Kazakh vice-energy minister said. A 900 km pipeline to China is complete and
          Bloomberg  -  84 words
    • 4 16 Source: Reuters
      4 words
    • 407 16 Growing concern in Beijing over foreign involvement in financial sector [HONG KONG] Industrial and Commercial Bank of China (ICBC), the mainland's largest lender, has frozen talks with two Arab state investors negotiating for a US$l billion stake, amid growing concern
      407 words
    • 49 16 Reuters [DRANGYARI] A Kashmiri earthquake survivor holding her child during snowfall in Drangyari. 130 km north-west of Srinagar. on Tuesday. Thousands of Kashmiris who survived the devastating Oct 8 earthquake are fighting a grim battle with the harsh Himalayan winter Which has just set in.
      Reuters  -  49 words
    • 588 16 More Chinese car makers plan IPOs to fund expansion Reuters. Bloomberg [HONG KONG] Hong Kong's stock market has hosted a record volume of initial public offerings in 2005, headlined by the multi-bil-lion-dollar listings of China Construction Bank (CCB)
      Reuters.; Bloomberg  -  588 words
    • 341 16 Reuters [NEW DELHI] Semlndia plans to invest US$3 billion in a semiconductor chip-making factory in India, with technology from America's Advanced Micro Devices Inc (AMD), officials from the companies said yesterday. AMD will transfer micro processor and logic manufacturing technology to Semlndia, and
      Reuters  -  341 words
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      503 words
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  • ASIA-PACIFIC/WORLD
    • 582 18 Outlook for the sector is less attractive, say analysts Reuters [TOKYO] A rally in hightech shares that has helped send Tokyo shares to fiveyear highs is seen unlikely to last as investors return to sectors that rely more on domestic demand than
      Reuters; REUTERS  -  582 words
    • 294 18 Bloomberg, Reuters Reuters [LONDON] A group of private equity firms is acquiring TDC, Denmark's largest phone company, for 76 billion kroner (5520.3 billion). The offer was made by Nordic Telephone Company (NTC), created recently by a group of five private equity
      Bloomberg, Reuters; Reuters  -  294 words
    • 571 18 Reuters. Bloomberg [LONDON] Britons should work longer and save harder to avert a looming pensions crisis, a panel appointed to study changes to the retirement benefit system have concluded. The Pensions Commission appointed three years ago proposed raising the age at which people take a
      Reuters.; Bloomberg  -  571 words
    • WORLD WATCH
      • 97 18 Bloomberg [LONDON] Lloyd's of London, the world's biggest insurance market, may post its first annual loss since the 2001 terror attacks after the costliest hurricane season on record triggered claims of about £2.9 billion (SsB.s billion). "The chances of the market making a profit in
        Bloomberg  -  97 words
      • 98 18 AP [SAN FRANCISCOI Financier Carl Icahn kept up pressure on Time Warner to restructure itself, saying his group has hired investment bank Lazard Ltd to help it explore strategic alternatives to boost Time Warner's flagging stock price. The billionaire investor opened fire on Time
        AP  -  98 words
      • 56 18 AP [TOKYO] Internet retailer Rakuten yesterday said the company has withdrawn its proposal to merge with Tokyo Broadcasting System, signalling the two parties in Japan's latest takeover battle are making peace. The two companies said separately that they have signed a memorandum of understanding to enter
        AP  -  56 words
      • 89 18 Reuters [SEOUL! Saudi Arabia may invest up to US$3.5 billion to build a plant in South Korea to process more profitable clean fuels, Seoul's energy ministry said yesterday. In an effort to meet tightening fuel standards throughout Asia, refiners in the region are pouring
        Reuters  -  89 words
    • 321 18 Round-the-World Yacht Race. Leg 3, Race 4, Day 3 Clipper Ventures Fron Durban Clipper: "Once the race got under way, the boats started to scatter almost immediately. At the last schedule we were in the lead, with Glasgow. WA and Qingdao following in our wake and the rest
      Clipper Ventures  -  321 words
    • 711 18  -  ASIA INSIGHT Reformers do more harm than good when they seek change without ensuring infrastructures are in place ANTHONY ROWLEY Tokyo Correspondent THE path to hell is paved with good intentions, it is said. I was reminded of this the other day while listening
      711 words

  • SINGAPORE BRAND AWARD
    • 252 19  -  By Conrad Tan THE Singapore Brand Award turns four this year. A collaborative effort between IE Singapore and brand specialist Interbrand, the awards are intended to encourage companies to think about the brands they own as financial assets to be nurtured and protected. The very nature
      252 words
    • 981 19  -  NANDE KHIN finds out what goes into the company's recipe for successful branding NANDE KHIN FOR manufacturer and supplier of cocoa ingredient products Petra Foods, its house brands are "the life of the company", declared Chua Koon Chek, president of Petra's consumer division. "Branding is of
      ARTHUR LEE  -  981 words
    • 851 20  -  Cerebos Pacific is keenly aware of how valuable its brand name is. But it is willing to make changes to keep pace with consumer demands, reports CONRAD TAN CONRAD TAN THINK of Brand's, and what comes to mind are neatly packaged jars of potent
      YEN MENG JIIN  -  851 words
    • 865 21  -  Corporate reputation and branding are vital elements in APB's marketing strategy, reports MATTHEW PHAN MATTHEW PHAN BEFORE you chug your next Tiger Beer, it may be worth taking a few seconds to reflect that Asia Pacific Breweries (APB), owner of Tigei 1 has a brand valued at
      FILE PHOTOS  -  865 words
    • 927 22  -  Companies can't build great brands if they ignore their internal customers, WILLIAM J McEWEN explains why employees matter WILLIAM J McEWEN COMPANIES spend a good deal of time and effort and a great deal of money in branding the products and services they sell. They
      927 words
    • 1041 23  -  The ability to deliver a relentless, consistent message has been key to Food Empire's brand-building success. CONRAD TAN reports CONRAD TAN FOOD Empire's brands may not be well known here in Singapore, but many of them are household names abroad. Its flagship product, Mac Coffee
      YEN MENG JIIN  -  1,041 words
    • 1087 24  -  Companies can improve their odds by following the 10 fundamental rules of branding, JACKY TAI has the details JACKY TAI BIG corporations rarely create the next big brand despite their vast financial, technical and marketing resources. Google, eßay, Intel, Nike, Starbucks, Apple, FedEx, Creative,
      1,087 words
    • 1264 26 Brand valuation plays a key role in business today and a number of evaluation models have been developed for this class of assets IN THE last quarter of the 20th century, there was a dramatic shift in the understanding of the creation of shareholder
      REUTERS  -  1,264 words
    • 786 27 The criteria and methodology for the Singapore Brand Award THE Singapore Brand Award's main aim is to increase the awareness of branding as a strategic business tool and not simply a logo or marketing campaign. Branding is an investment that improves business performance, and if
      786 words
    • 279 27 IE SINGAPORE has been championing branding as a critical internationalisation competency for Singapore companies since the late *****. Over the years, as the agency responsible for helping companies to grow their businesses internationally, it has introduced several initiatives to build awareness and capabilities in branding among
      279 words
  • Page 19 Advertisements
    • 137 19 Coordinator Conrad Tan Editor. Elaine Koh Sub adHor: leong Sau Ming Artists: Ben Cruz, Jennifer Chua Photographers: Arthur Lee, Yen Meng Jiin I I Asia Pacific Breweries is honoured to be named one of the 15 Most Valuable Singapore Brands by International Enterprise Singapore, for the fourth consecutive year. (wBh"^'
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  • Page 21 Advertisements
    • 324 21 Valuable Brands ■<• yBF^ With your support, We now inspire healthy lifestyles all over the world. i Desire We are honoured to receive the" Most Valuable Singapore Brands" /%6\ award for the fourth consecutive year. m. M iGallop Turning Aahs to Oohs worldwide In 2005, OSIM launched five lifestyle products
      324 words

  • Page 22 Advertisements
    • 74 22 H t f fy* 'if tff r." i KIM fOOK 1«05 Singapore's Most Valuable Brands The Origin of IndulgenS^^ We have two key business divisions Cocoa Ingredients and Branded Consumer. Our brands and our focus i on rem um c ua ave mac e aHHHHBi premium cocoa ingredients under the
      74 words


  • Page 24 Advertisements
    • 75 24 4- ':M -iv., ■-.'f'- 4?px, Earning the trust i of generations for Since 1985 1 7Q VParS Since 1985 ,/U 7 cai s for over 170 years, generations the world over have trusted BRAND'S* Essence for its goodness. A L bince I t7O Unquestionably, we source only the finest feyA
      75 words

  • Page 25 Advertisements
    • 105 25 ~'v I H K1 lt» -*,> ~<-• tm- -4S&. •'%'^aH I' v -f;;c-H'| V' i' J|S$P|L I t •■> $M ■si wso&4 ;f^' a# *tn 9HI a." CQ >^, M KV v Bf **y'/".s'+ j :^i International Enterprise Singapore congratulates the winners of the Singapore Brand Award 2005 Sing Tel
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  • Page 26 Advertisements
    • 99 26 The brand that Asia trusts. Winner of the Singapore Brand Award With a progressive and innovative approach to r Traditional Chinese Medicine (TCM), Eu Yan Sang is J® definitely well-positioned as a global healthcare company. Now, with our 4* h consecutive win of the Singapore Brand Award for 2005, this
      99 words

  • Page 27 Advertisements
    • 75 27 v f■. I f BRAND A K, 1 AWARD U 3 Singapore's Most Valuable Brands An initiative by IE Singapore t■■: 'M"' A iA j^B jFjtjfH A IJBVni B bBH I n flB A J,V' ,Sj B *fl if <&A l lil v BKISaBB J^B 1 v. r^S^B I bB?
      75 words

  • AVIATION
    • 536 28  -  October traffic the slowest singlemonth growth since Jan 2004 By VEN SREENIVASAN [SINGAPORE] In what seems to be. a rather ominous sign for the industry, the International Air Transport Association (lata) yesterday said both passenger and cargo air traffic had shown signs of
      AP  -  536 words
    • 279 28 NYT [WASHINGTON] The United States Transportation Security Administration will announce later this week that passengers will again be able to carry small tools and scissors aboard commercial airplanes, as it tries to focus its security efforts on more serious threats,
      NYT  -  279 words
    • 311 28 Bloomberg [NEW DELHI] The state of Kerala in southern India said it plans to start a lowfare airline to tap travel demand by residents working in the Persian Gulf as labourers, becoming the first local government to own a carrier in the country.
      Bloomberg  -  311 words
    • 126 28 AP [PARIS] Investigators have examined if bad weather and ice caused a plane crash in Venezuela earlier this year that killed 152 tourists from the French island of Martinique, a French minister said on Monday. Overseas Territories Minister Francois Baroin, speaking on Europe-1
      AP  -  126 words
    • 322 28 Bernama [JAKAßTA] PT Garuda Indonesia has been forced to lower the seating-capacity of its flights by 30-40 per cent especially on flights from Australia or Japan to Bali and vice versa due to the declining number of visitors to the island paradise after the second
      Bernama  -  322 words
    • 442 28 Bloomberg [BEIJING] China's Premier Wen Jiabao will urge Airbus SAS to give more parts contracts to Chinese manufacturers when he visits the head office of the world's largest maker of commercial planes next week, said a foreign ministry spokesman. Mr Wen will
      Bloomberg  -  442 words
    • 385 28 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      385 words
  • Page 28 Miscellaneous
    • 168 28 CRYPTIC CROSSWORD DOWN r victory being an art form (4,5) YESTERDAY'S SOLUTION 2 Journey to Spain for some- 13 jhese birds are back first Across* 1 Tod dress 5 Laodoa 9 thing to eat! (5) down South! (5) Across. 5 Wog. 9 4 rhara? r thp o Rpnch and run
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  • SHIPPING
    • 739 29  -  Integrated network spans Singapore, Malaysia and Thailand for a start By GEORGE JOSEPH [SINGAPORE] Global express and logistics services provider TNT yesterday launched an Asia road express service which by 2007 will be able to truck small cargo from Singapore to Chinese cities. The
      Source: TNT  -  739 words
    • 420 29 AFP [KUALA LUMPUR] Indonesia's efforts to boost naval and air patrols in the notorious Malacca Strait helped suppress piracy there this year, but any let-up will see the attacks quickly resume, a top official has warned. Pottengal Mukundan, London-based director of the
      AFP  -  420 words
    • 263 29 MKteiwfcJMNBii nmn g w- m CHOfhhore 0.36 0.01 226 ChuanHup -039 unch 4926 Cosco Corporation _236 0.02 3360 CWT Distribution 032 -0.02 22 EzraHkte 1.38 -001 238 Fraigh* links.— —0.06 unch 147 Grand Banks Yacht 039 unch 0 Java Holdings.. ..1.24 032 2105 KlVanturc— .034 0.02 ***** KappelCorp
      263 words
    • 267 29 Bloomberg [LONDON] DP World, which is buying Peninsular Oriental Steam Navigation Co (P&O). expects to sell US$2.B billion of Islamic bonds that will be convertible into shares of the company after it holds a planned initial public offering (IPO). The bonds,
      Bloomberg  -  267 words
  • Page 29 Advertisements
    • 335 29 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CTP GRAPHICS PTE LTD (Company No: *****7816G) (In Members' Voluntary Liquidation) The following Special Resolution was passed by written means by shareholders on 30th November 2005. Resolved that the Company be wound up voluntarily and that
      335 words
    • 89 29 p| BBS IN THE HIGH COURT OF THE RF.PITBI.ir OF SINGAPORE Companies Winding Up No. 169 of 2005 In the Matter of the Companies Act (Chapter 50) And In the Matter of PACOM S.E. ASIA PTE LTD (RC No. *****1504E) NOTICE OF WINDING lIP ORDER In the Matter of PACOM
      89 words
    • 677 29 SGA SOCIETE GENERALE ACCEPTANCE N.V. (Incorporated in the Netherlands Antilles with limited liability) NOTICE TO WARRANTHOLDERS TO (1) ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF VENTURE CORPORATION LIMITED ISSUED BY SGA SOClflt G£n£RALE ACCEPTANCE N.V. UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY SOCl£T£ G£n£RALE
      677 words
    • 638 29 Deutsche Bank IZI DEUTSCHE BANK AG, ACTING THROUGH ITS LONDON BRANCH (Incorporated under the lews of the Federal RepubHc of Germany) NOTICE TO WARRANTHOLDERS To (1) ALL HOLDERS OF EUROPEAN STYLE PHYSICALLY SETTLED DISCOUNT CERTIFICATES (CALL SPREAD WARRANTS) RELATING TO THE ORDINARY SHARES OF SINGAPORE PETROLEUM COMPANY LIMITED ISSUED BY
      638 words

  • EDITORIAL & OPINION
    • 515 30 EDITORIAL -2005 will go down as another year when the Singapore economy defied pat projections. Economists who look back on their forecasts and assertions early in the year might well kick themselves. Having expanded 5.1 per cent in the first nine months and with the manufacturing industry
      515 words
    • 1417 30  -  That seems to be what's happening to China copper trader Liu Qibing, who is untraceable By LE-MIN LIM Bloomberg LIU Qibing, the Chinese copper trader whose wrong-way bets left his government with an estimated US$3OO million in losses, scored 90 out of
      Bloomberg; BLOOMBERG  -  1,417 words
    • 745 30  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IN 1927, The Jazz Singer the first movie with sound opened. In 1931, Charlie Chaplin, a silent-movie star, said: "I give the talkies six months more." A similar frame of mind now haunts
      The Washington Post Writers Group  -  745 words
    • 1843 31  -  Controls and risk management systems must be balanced so that decision making and the spirit of risk-taking will not suffer By MAK YUEN TEEN THE phrase "governance is not bureaucracy" used in the title of this article originated from an email exchange between the chief financial
      Rli PHOTO  -  1,843 words
    • 384 31  -  LETTER TO THE EDITOR Kan Shik Lum Managing director head Equity capital markets DBS Bank Ltd For and on behalf of Genting International pic I REFER to the letter by Philip Hemnell, "Genting lnt'l minorities lumped with raw deal" (BT, Nov 29), on
      384 words

  • Page 31 Advertisements
    • 102 31 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
      102 words
    • 476 31 CALYON FINANCIAL PRODUCTS (GUERNSEY) LIMITED (Incorporated in Guernsey, Channel Islands with limited liability) NOTICE TO WARRANTHOLDERS TO ALL HOLDERS OF EUROPEAN STYLE CASH SETTLED CALL WARRANTS RELATING TO THE ORDINARY SHARES OF NOBLE GROUP LIMITED ISSUED BY CALYON FINANCIAL PRODUCTS (GUERNSEY) LIMITED (NOBLE GROUP CA ECW*****3) UNCONDITIONALLY AND IRREVOCABLY GUARANTEED
      476 words

  • 217 32 SGX XTRANET T(l Lai vw Oay IH— Crt*» Mr Gffl* tot MCki n» u» cat* u»» *>• nm im> m*rn M« Cw m >3 t0t»101» tttt Owmonfc._ US101SW W9S IS D) US T»tt* ..USJ740 60*3 ISMSOSpor* USSSS «1« ISSAPSOO US«70 t 11MCMJOO 61K VMS U&ITJOOcd h* jo« Oft
    217 words
  • Page 32 Advertisements

  • 3372 33 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local curr In SI In USS dy yr dy yr dy %yf Nov 23 lnde« Change Change Change Change Change Change World inde* Preliminary 958 1 0.1 12 4 01 10.1 02 6.1 tAFt Preliminary 937 7 0.1 214 0.2 103 02
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  • Page 34 Advertisements
    • 832 34 v NYK GROUP SOUTH ASIA PTE LTD taaZ* fipij rw* «r- TEL *****123 A M 3 Im LINE Fax:6292 2856(Regionalsales)/*****109(0P5)/6299 5785(Documentation) NIPPON YUSEN KAISHA TOKYOKNPAKUKASHA.ua (C/RNO' **********0E) /5p 3BHHIHI C*#s 137® *****00G SENATOR LINES jc&fftrf I SHUTOR|MX)n«M Main line: *65 6536-2750 gMJLJsfeS 72 Anson Road, *05-01 Fax: <65 *****135 Anson
      832 words
    • 977 34 IINTERASIA RORO StRVKI y vtssa/vpr rawed hbgwumS to kch la m jw STUnSVENTUtt 24/05 IS 3.2 14/11 17/11 30/11 03/12 OS/12 STUITCVWIUK 24/05 IS 3J 11/12 21/12 21/12 29/12 31/12 laiwwauam tftift wvwi I VBSH/VOT UfgCDl W6MTWI IP S» I MB STP MB. JW SW |Q~ FWU/41 50 45 30-30/10
      977 words

  • Page 35 Advertisements
    • 1248 35 www.hamburgsud.com *Sl* SERVICE SIIHG 1 (EXPORT) ASIA SERVICE SLING 2 (EXPORT) ETA ETA V»ts«l/V«voot SINGAPORE DURIAN SEPETIM SANTOS ITAJAI PARANAGUA Vtss«l/V»y«w SINGAPORE IUENOS AWES RIO GRAMOt SANTOS SEPnm Alionco Singapore 505W 07/12 18/12 28/12 29/12 31/12 01/01 Cop Cortes 504W 05/12 24/12 29/12 31/12 01/01 Cap Bonovisto 505W 14/12 25/12
      1,248 words
    • 1030 35 VESSEL VOY SIN JUT HKG KHH IK KYM WIS VESSEL VOY SIN JKT SUB HKG USN PUS HYPTOGBESS 105S B/12 10/12 15/1? 17/12 lt/12 ?1/12 21/12 KMTC JAKARTA SUS 4/12 7/12 1/12 13/12 17/12 18/12 HYHUGE IMS 15/12 17/12 22/1? 24/12 24/12 21/1? 21/1? KMTC PUSAN 514S 11/12 14/12 IS/12
      1,030 words
    • 695 35 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS VISSa VOT SHI PJUANG COiOMSO H SWVA COtOMSO JBfcaffiJEJJfciSJfczSfc KOTA PEIWHA YPWO7S I? DfC 13 DK It DK 19 DK 7? Off IHDIIA 6ANDHI OOWW HDK 18 DK 23 DK ME JSM UJIV GANDHI OOWW 26
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  • THE BUSINESS TIMES SHIPPING TIMES
  • Page 36 Advertisements
    • 673 36 VESSEL VOY SIN PGU VISSIL VOY SIN CSF 2301 0203P 24/U 2S/11 PAC UNTAX 9326 267Tl 29/11 PAC BANDA 1608N 25/n 25/11 PACIAU 4194 21/11 01/12 PACIANDA 1609N 26/11 26/11 PACIINTAN 9327 03/12 66/1 i CSf 2301 0204P 26/11 27/11 4195 05/ 2 01/ 2 I -au»«ss i*ioh rm wj
      673 words
    • 699 36 WAN HAI INTERNATIONAL FTI LTD a NOE 14WW0000/* W\WAN HAI LINES V A llftl killL«# mKrmsMMMNUbmiMiairM&MnwioMfciMaNMt IK J0M1H:|D7)»l»WI*l:|WB$l»ni>«ll!|Bl)»i47l(ilUtW1|JI»l7U/W1W www wanhai tarn to *TlH;H2l)s2s4ll»fU:(ni)S2S«7l»n«m;7lO»/71M»l HUk7IU» m.n:m\)*wmM:m\)4\»n&/*\itm l ,y, a, n r a gr, ST Iwmhnid msi 01/12 i i/i j ivu ivii in? ivn 21/u jvu ivij w\i ItM turns nms
      699 words
    • 363 36 BSA jl MYANMA HH FIVE STAR LINE (MvoMiar Notioool Um) Loading far Yoogoo vessel vor sm m pen pom PAGAN 341W si* PAGAN 349W SU) IN MALAYSIA: IOUSTIAD SHIPPING AGENCIES KUI/PKL 03-300 St 3U PEN: 04-2*3311S JHi ACCEPTING COWVEMTIOWAL CGO VESSa VOY HM> SM «L KCH TM ITU SDK TWU
      363 words


  • BizIT
    • 580 38  -  By ROLAND LIM HAVING spent the last two years developing and testing his interactive television platform, The Interactive Channel (TIC), media veteran Robert Chua feels that the tirpe is ripe for him to take it around the world. Speaking to BizlT in an interview,
      ARTHUR LEE  -  580 words
    • 917 38  -  Mobinet 2005 results in line with Singapore trends, with OPRS and MMS traffic growing 50-80% yearly, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY A GLOBAL study shows mobile phone users are increasingly comfortable with mobile data services and that 56 per cent of them access the
      Source: Mobinet 2005  -  917 words
    • 531 38 AP [SAN JOSE] Looking to boost the number of computers whirring away in living rooms, Intel Corp yesterday unveiled its first list of companies whose products are expected to work with the chip maker's upcoming Viiv entertainment PC
      AP; BLOOMBERG  -  531 words
    • 258 38  -  By LEE KIM SIANG SIZE does matter. And it was a case of smaller is better as scientists at the Institute for Infocomm Research (I2R) designed the world's smallest broadband antenna. At 25x25x1.5 mm, the antenna is just half the size of the smallest design
      258 words


  • BEAUTIFUL HOMES
    • 601 40  -  Older apartments in the prime districts cost less but are no less luxurious and certainly more spacious, reports ARTHUR SIM ARTHUR SIM Districts 9, 10, 11 are well-known as home to Singapore's most sought-after residential properties. Having a home in these districts implicitly puts you in the
      601 words
    • 501 40  -  FEATURE HOME OF THE WEEK By ARTHUR SIM LOOKING out from her rooftop terrace, Ng Yuin-Mae, 32, can see huge bungalows nestled in lush vegetation across gently rolling hills. Jokingly, she says: "Maybe when I reach 60 or 70,1 can afford
      PHOTOS BY YEN MENG JIIN  -  501 words
  • Page 40 Advertisements
    • 267 40 jtjks Beautiful Homes A series brought to you by HSBC<X^ The home loan you more than one v Now when you your new home or your you can a party your Besides, HSBC home loans come with other attractive benefits such as "'lip H v competitive no feature where no
      267 words
    • 18 40 Do you have a home you are proud of visit If yout home is will receive S$1.000 cash.
      18 words