The Business Times, 2 December 2005

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 30
1 30 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cenjs- online at http://biisiness-times.asia 1 .com.sg MICA (P) 089/03/2005 Friday, December 2,2005
    17 words
  • 628 1  -  But LCCs still barred from major centres like Shanghai, Beijing despite expanded air pact By VEN SREENIVASAN [SINGAPORE] Singapore and China have signed an expanded air services pact which allows airlines of both countries to operate passenger and cargo services between China and
    628 words
  • 646 1  -  Upon en bloc sale, original landowners lose all rights By KALPANA RASHIWALA [SINGAPORE] A collective sale has just become easier for 24 estates including Kim Yam Mansion and Melody Mansion in the River Valley area wfeere the original landowner/developer retains the freehold title
    646 words
  • Page 1 Advertisements
    • 48 1 EXEC LIFESTYLE MelvynTan, Kjl the serious pianist pg 29 mi 8 *****1 *****4 Markets Digest onPg3 ixbuskstms i 1 Ask for your complimentary copy of BT at any SPC UfDDKDnn petrol station on you make a minimum W UUlvC'lltl purchase of S3O. Offer good while stocks last *^SPC
      48 words
    • 48 1 BUSINESS COOPERATION S'pore-German economic ties set for growth pg 13 HHjIHBMHk BLOSSOMING ART Can Singapore's floral design be taken as serious design? exec lifestyle, pg 25 vjfy* > c y* f "w»"i•»*"i tyr,-? iTts^t l W%kL* v ■MMttHKKHBWvVA M#l u#lHiH^^^^^H mm iv. h a la |K.'' 7 MiiMfcyijME^^^^^M _^j^H
      48 words
    • 5 1 COMPANIES .Ml inject assets into
      5 words

  • TOP STORIES
    • 569 2  -  Good chance of mega underground project going ahead: officials By RONNIE LIM [SINGAPORE] JTC Corporation is sounding out potential partners including SembCorp Engineers and Constructors (SEC) to help it build a massive underground oil storage facility on Jurong Island. A final decision on
      569 words
    • 538 2 S'pore household wealth rises 3.5% to $697b GAINS in financial assets and, to a smaller extent, private property values boosted the wealth of Singapore households by 3.5 per cent in the first half of this year to $697 billion. The value of Singapore households' financial wealth defined as
      538 words
    • 426 2 It ignores calls to give growth more time to accelerate Bloomberg [ROME] The European Central Bank raised interest rates for the first time since 2000, ignoring calls from politicians to give economic growth more time to accelerate. The ECB raised its
      Bloomberg  -  426 words
    • 585 3  -  Increase due to gains in financial assets, and private property values By ANNA TEO [SINGAPORE] Gains in financial assets and, to a smaller extent, private property values boosted the wealth of Singapore households by 3.5 per cent in the first half of
      Source: MAS estimates  -  585 words
    • 474 3  -  By OH BOON PING [SINGAPORE] Continuing the bright fourth quarter manufacturing outlook, November's purchasing managers' index (PMI) expanded for the seventh consecutive month, with most of the key siA-indices showing strong increases. Last month's PMI a barometer of manufacturing activity was 53.5, up
      474 words
    • 133 3 STI 2,310.99 (+10.74) ST INDEX FUTURES 2.310.00 (+10.00) siMsa 273.84 (+1.15) SIMSa FUTURES (+2.00) MARKETS Thursday Change KLSECOMP 887.80 -8.33 NIKKEI 225 15,130.50 +258.35 HANG SENG 15,068.03 +130.89 SET INDEX 660.95 -6.80 JAKARTA COMP 1,096.37 -0.27 MANILA COMP 2,086.18 -13.56 SEOUL COMP 1,305.98 +8.54 SHENZHEN B 194.18 +0.38
      133 words
    • 621 3  -  Offer of $1.75 a share is a 25% premium over last traded price By WONG WEI KONG [SINGAPORE] Hongkong Land Holdings is making a takeover offer worth $647 million for Singapore-listed residential property developer MCL Land in a move to penetrate the Singapore
      621 words
  • Page 2 Advertisements
    • 241 2 I I forgot I was an executive I and went totally native... A I it was perfect! m »l .el ,uv.i\ 11> iI.h i ii i r f a tt 11 If i! I i m h i i 'In 111 t i 111 11 iti. t c I umpiml
      241 words
    • 51 2 Mm fat spcs Chicken Wing Wood Sofa |T Kl I Long Tablafegpfc^BpH fO-59") Assorted Rosewood IWKKI/HonflW'|Tf_jl[ 3pcs Black Ebony Concubinaßjd Black Wood Aaaortad Court Hat Chair spcs RoMwm(Double Rsh 8 (T) ifcJLm/D labia MiflHite VI 50"Lx49"H BEC 32"L x 337«"H 7pcs Chicken Wing Wood Flower AgEuS^ 1 Altar Table 18"-
      51 words


  • COMPANY NEWS
    • 466 4  -  M&A DEALS Developer Yoma expected to hold majority stake after reverse takeover By LESLIE YEE SEA View Hotel, the shares of which have been suspended from trading for two years because the company has had no core business, looks as if it
      YEN MENG JHN  -  466 words
    • 351 4  -  Parent WBL Corp discussing options with company By CONRAD RAJ WBL Corporation and its privatisation target Wearnes International (1994) Ltd (WIL) are thinking of delisting the latter voluntarily now that more than 90 per cent of its shares are in the hands of the former.
      351 words
    • 229 4  -  By LESLIE YEE MALAYSIA'S Southern Bank Berhad (SBB) is making a big push to get shareholders to vote in favour of its proposed acquisition of Singapore's privately held insurer Asia General Holdings at SBB's extraordinary general meeting to be held in KL on Dec 12.
      229 words
    • 674 4  -  HOCK LOCK SIEW By SHOEB KAGDA INDONESIA'S Salim Group has never shied away from making corporate waves. And last month, it proved yet again just how shrewd it is in recognising an opportunity. Its Hong Kong-based First Pacific has made a conditional offer for 40 per
      674 words
    • 319 4  -  By ANGELA TAN EVEN before Star Hub launched i-mode, Singapore's high-speed 3G subscriber base had more than doubled since July to hit 96,900 in October, according to figures from the Infocomra Development Authority (IDA). The take-up figures compare to 66,200 in September, 47,700 in
      319 words
    • 492 6  -  IPO WATCH Listing on AIM will help in its funding needs for second phase of expansion By TEH HOOI LING DISPOSABLE glove manufacturer Medi-Flex is planning to seek a dual listing on London's Alternative Investment Market (AIM). It is the-second Singapore company to head
      492 words
    • 318 6  -  By LESLIE YEE AFTER structured warrants and and real estate investment trusts, Singapore investors are now getting their first taste of an initial public offering (IPO) of stapled securities from Singapore Power's SP AusNet. More offerings of stapled securities in Singapore could follow
      318 words
    • 338 6  -  By UMAS HANKARI WESTCOMB Capital Pte Ltd, which was barred by the Singapore Exchange (SGX) earlier this month from submitting new IPO applications for three months, yesterday launched its final IPO of the year Contel Corporation. Choo Chee Kong, chief executive of the Westcomb Financial Group,
      338 words
    • 3976 6 UNIT TRUSTS FUNDS cm Money SmgDota Class B 1J0S71/ Gli Pan-Europe Equity find 13/ imj I,. /r'u-.i CitSdect Asia TUt Bibmd 1.47/ Si-—*!!-- nua/ CitiSetect Asia Tit Grwdh 1.451 GtiMect Asa Till Erh Grth 13* SgSSSi GfficfetGfcMGra** 1.2/ CfeGlaWHaManFund _6J» 7 ,"i7, GtiGfc fin Sna fund J.I* S» iZ T
      3,976 words
    • 578 7  -  Deal could lead to bigger US govt contract of building 3 fast missile craft By ANGELA TAN SINGAPORE Technologies Engineering yesterday disclosed that its US unit has clinched the first phase of a US$45O million design and build project for up to
      578 words
    • 195 7 INFORMATICS Holdings has said that it vflll vigorously defend itself against a lawsuit filed by KS Consultants Pte Ltd and Kim Seng Holdings Pte Ltd. Businessman Tan Kim Seng is suing mainboardlisted Informatics for the return of $240,000 in fees, costs incurred and damages, claiming
      195 words
    • COMPANY BRIEFS
      • 129 7 SINGAPORE Telecommunications (Sing Tel) said its indirect wholly owned unit, NCSI Holdings, has incorporated a fully owned subsidiary in China. The new subsidiary NCSI (ChengDu) has a registered capital ofUS$l.5 million. It will undertake IT research and development and other IT-related services. Meanwhile, Sing Tel
        129 words
      • 79 7 MEDICAL devices firm Biosensors International Group has appointed R Chato Abad as its new chief financial officer with immediate effect. Ms Abad, based in the group's California office, has more than 15 years of senior financial management experience in the pharmaceutical and medical
        79 words
      • 52 7 ENGINEERING company L&M Group Investments is proposing the appointment of Bob Low from Bob Low Co as judicial manager. Mr Lo has agreed to be judicial manager if appointed by the High Court. Last month, L&M announced that it had been served a
        52 words
      • 50 7 ASCOTT Group's indirect wholly owned subsidiary Citadines Bangkok (S) Pte Ltd (CBS) and Boutique Group Ltd have formed a joint venture to invest, develop and own one or more properties in Thailand, to be operated and managed as serviced residences under the Citadines brand name.
        50 words
    • 527 7  -  By MICHELLE QUAH IT is finally certain when the individuals charged over the China Aviation Oil (CAO) scandal will be tried with two weeks in March and three weeks in April next year having been set aside to hear the cases of
      FILE PHOTOS  -  527 words
  • Page 4 Advertisements
    • 64 4 5 -rkt I H1 ri 9 CT |^h I a plßw Is S m jl i e'&S+AJ JTv **yw H I Mukkjm fIS. W" v QQon -Jf I •>;\-,;Xw "V H II jwc s >x<sm mW HI .L. j. 7 /MBK3ftV\ V«» W I L w ft i i n
      64 words



  • Page 7 Advertisements
    • 50 7 SLEEPON WATER SLEEP ON WATER TO RELIEVE THE SYMPTOMS Waterbeds are made from strong, smooth vinyl that is extremely hygienic. Top covers can be washed preventing accumulation of dust mites and other harmful particles. It also relaxes, refreshes and renews the mind body. It's a Health Spa in Your bedroom.
      50 words
    • 100 7 jßanW^i^^BKMl pam I^BBBBM|^f y We the key to an dining experience oH«fi'lie*irt yrot-fefM^fcing what "expeci. With an extensive spread of wining and dining options to choose from; there's a n^^ntui waiting to be discovered at every corner. Have dinner conversations that are anything tiut Qrdirtfty I l^^l our chef at
      100 words

  • SINGAPORE MARKETS
    • 551 8  -  STOCKS Component stocks Jardine group and banks also enjoy spotlight, but broad market takes a beating R SIVANITHY Senior Correspondent IT'S becoming an increasingly frequent sight in daily trading one or two stocks driving the Straits Times Index in one direction, while the rest of
      Source: Bloomberg  -  551 words
    • TRADES TO WATCH
      • 426 8 Funds FMR, Fidelity pare stake in Reyoung FUND managers FMR Corp and Fidelity International, whose combined deemed stake In Reyoung Pharmaceutical Holdings went above the 5 per cent level on Oct 17. have ceased to be a substantial shareholder. From Oct 18 till Nov 18, they had. on behalf of
        426 words
      • 83 8  - and accumulate more shares in Parkway Compiled by NANDE KHIN A SEPARATE filing to the SGX yesterday shows that the deemed holding of FMR Corp and Fidelity in healthcare group Parkway Holdings has risen. The ftind managers bought 133,000 Parkway shares in a series of non-market transactions from Nov 11
        83 words
    • Article, Illustration
      429 8 OTHER SINGAPORE INDICES Dec 1 VALUE CLOSE BT OB/OS 68.00 -10.00 BT CADI -*****.00 -30.00 BT 10-day MA -*****.00 +7.00 AM-SG Equities 588.19 -1-1.85 SG Equities Elect 127.15 +0.06 SG Equities Fin 1704.73 +6.42 SG Equities Prop 689.44 -8.75 SIMSCI 273.84 +1.15 SIMSCI Futures 274.40 +2.00 MOST ACTIVE STOCKS VOLUME
      429 words
    • Article, Illustration
      940 8  -  Compiled by UMA SHANKARI DBS Group Dm 1 dose: $16.40 (JOB KAY HIAN RESEARCH, Dec 1 DBS has agreed to sell its Shenton Way office buildings to funds managed by Goldman Sachs for Ss69o million. The transaction is expected to be completed within a month. The Shenton Way offices
      Source: Bloomberg  -  940 words
    • 534 8  -  CURRENCIES LARRY WEE Senior Corespondent ANOTHER strong US number released on Wednesday night lifted the US dollar just short of the psychological 120 yen marker for the second time this week in Asia, and the euro was looking a little vul- nerable to more
      Source:  -  534 words

  • SINGAPORE NEWS
    • 612 9  -  MAS stress test shows that bulk of losses would be from equities slide Reports by SIOW LI SEN TWO-THIRDS of the local banks' profits could be wiped out if Singapore suffers a sharp contraction brought on by rapidly rising interest rates,
      FILE PHOTO  -  612 words
    • 369 9 BUSINESSES are expanding strongly overseas and are borrowing heavily to do so. This is reflected in October's 16 per cent increase in Asian currency unit (ACU) loans. Foreigners who have helped prop up property prices in Singapore are also swelling banks' ACU mortgage loan
      369 words
    • 220 9 SEVERAL roads that form part of the main route of the Singapore Marathon will be closed off when the race is held this Sunday, Dec 4. Roads in the Marina Bay area, the part of East Coast Park Expressway (ECP) near Marina Station Road,
      220 words
    • 452 9  -  Respondents say limited inbox space a major bugbear By AMIT ROY CHOUDHURY PEOPLE working for Singapore companies spend as much as 20 per cent of their time managing e-mails, a survey has shown. Indeed, the information technology (IT) manager in
      452 words
    • 102 9 EIGHT specially decorated Christmas trees found homes with successful bidders on Wednesday night at Raffles Hotel's 14th annual Christmas tree auction. The bids, together with direct donations from well-wishes, raised $287,000 for various charities, far exceeding Raffles Hotel's target of $150,000. The generous tree
      102 words
    • 200 9  -  By UMA SHANKARI CIVIL servants will get a 1.75-month year-end bonus, the government said yesterday. This will comprise an annual variable component (AVC) of 0.75 months and a non-pensionable allowance of one month, also known as the 13th-month annual wage supplement. In
      200 words
    • 488 9  -  By CHEN HUIFEN HOMEGROWN biotechnology firm Rockeby biomed yesterday launched a rapid diagnostic kit for HIV, which could pave the way for Singapore to become the first country in Asia to allow HIV testing outside a clinical setting. Called the OraQuick Advance Rapid
      LIANHE ZAOBAO  -  488 words
  • Page 9 Advertisements
    • 1116 9 IN THE MATTER OF NOTICE OF REDEMPTION THE companies ACT, CAP. 50 I THE CHAPTER 50 AND AND HONG FOK LANDLTD(THE'MSSUER") in the matter of xen wmanowuofspirit pie ud Company Registration No. *****0485 C MARTINIQUE INVESTMENTS PTE LTD c*««a AAA AAA I o No. *****2097 D) MEMBERS'VOLUNTARYWINDING UP S»110,000,000 (IN
      1,116 words

  • ECONOMY WATCH
    • 513 10 Rates still considered low in real terms because of 3% inflation AFP [KUALA LUMPUR] Malaysia could again hike interest rates over the next 12 months after raising it for the first time in seven years on the back of faster-than-expected economic growth,
      AFP  -  513 words
    • 2357 10 VOl General Corp .0.41 -0.01 33 Btc1 H C000) Genting ..JO. 10 -0.40 1000 u. -1- GeorgeKent 0.S9 unch 39 AS M Realty .1.49 unch 2 GHLSystems .0.11 unch 1476 Abnc ..0.30 -0.03 56 Globetronics Tech .0.31 0.01 5630 ACPIndustr.es 0.65 unch 41 GlomacBhd 1.16 -0.04 81 Advance
      2,357 words
    • 156 10 Bloomberg [SINGAPORE] Malaysia, which yesterday reported faster-than-expected thirdquarter economic growth, is unlikely to have its credit rating upgraded in the "short-term". Fitch Ratings said. The ratings company may raise its Malaysian economic growth forecasts for 2005 and 2006, Tony Stringer, head of corporate
      Bloomberg  -  156 words
    • 547 10 Interest rate increases expected to end soon Reuters [WASHINGTON] US economic activity increased across the country through mid-November but the housing market has cooled and high energy prices have raised concern about consumer spending and production costs, the Federal Reserve said on Wednesday.
      Reuters  -  547 words
    • 509 10 2 different PMI readings send mixed signals Reuters [BEIJING] A pair of surveys released yesterday pointed to excess capacity as a growing problem in China's economy, although they gave mixed signals about the overall health of the manufacturing sector. An official
      Reuters  -  509 words
    • 251 10 Reuters [BEIJING] China's central bank believes a more flexible yuan would have little effect on other countries' economic imbalances, official media reported yesterday. The defence of China's gradual approach to reform of its exchange rate came a day before finance ministers from the Group of
      Reuters  -  251 words

  • MALAYSIA/INDONESIA
    • 367 11 Move rests on whether latter gets govt nod to up power rates in 2006 Bloomberg [JAKARTA] Tenaga Nasional, Malaysia's biggest power producer and distributor, may have its rating raised by Fitch Ratings should the government allow it to increase electricity rates next year,
      Bloomberg  -  367 words
    • 717 11  -  Editor-in-chief puts zing back into declining firm By S JAYASANKARAN in Kuala Lumpur WHEN Malaysia's largest publishing group, the New Straits Times Press, bid to have Starhill's prospectus carried in its flagship newspaper recently, it approached the company's owners with an intriguing proposal.
      717 words
    • 293 11 Bloomberg [JAXARTAJ Indonesia's Supreme Court sentenced Probosutedjo, a half-brother of former president Suharto, to four years in prison and ordered him to pay 101 billion rupiah (Ssl7 million) after upholding his conviction for embezzling state funds, a prosecutor said. "We gave him a month
      Bloomberg; REUTERS  -  293 words
  • Page 11 Advertisements
    • 222 11 I I Xf r\ r-' f f. X r~\ Spend $150 or rhore Receive a limited edition Katana 0 n polo tee (worth $69) or 1 dozen Top Flight Infinity Awesome TII 6 Distance golf balls (worth $33)* Spend $500 or more 6CIS O II T Receive 1 Katana trolley
      222 words

  • GREATER CHINA/INDIA
    • 283 12 US$2b bid for deepwater development Bloomberg [NEW DELHI] Oil Natural Gas Corp (ONGC), India's state-run exploration company, expects to win a stake in an oil field off Nigeria, gaining foreign supplies needed to meet rising energy demand, people involved in the
      Bloomberg  -  283 words
    • 512 12 Presence of TCI and other hedge funds could prove politically sensitive [HONG KONG] One of Europe's largest hedge funds has accumulated about 18 per cent of the publicly traded shares of Hong Kong's Link Real Estate Investment Trust, says a report
      512 words
    • 53 12 Reuters [HONG KONG]ltalian opera singer Luciano Pavarotti attending a news conference in Hong Kong on Wednesday. His concert there today is part of his round-the-world farewell tour. He said he plans to sing with Placido Domingo and Jose Carreras again before he
      Reuters; REUTERS  -  53 words
    • BRIEFLY ASIA
      • 66 12 Reuters [BEIJING] China Construction Bank (CCB) said yesterday it was looking for underwriters for an upcoming offering of some US$37l million in mortgage-backed securities (MBS), which would be the first such issue in China. CCB had completed preparations for a long-awaited issue of three billion yuan
        Reuters  -  66 words
      • 57 12 Bloomberg [HONG KONG] Xiamen International Port Co, one of two operators of China's seventh-largest container port, plans to raise as much as HK$l.2 billion (*****.5 million) in a Hong Kong IPO to expand as cargo volume rises. It plans to sell 858 million
        Bloomberg  -  57 words
      • 68 12 Reuters [KUALA LUMPUR] Malaysia launched a hunt yesterday for some 50,000 illegal immigrants and overstaying foreign tourists, Bernama said. The crackdown comes as Malaysian police have come under fire for allegedly mistreating some visitors from China. "The prime minister has directed that we should trace
        Reuters  -  68 words
      • 58 12 Bloomberg [BANGALORE] Broadcom Corp, a maker of semiconductors used in consumer electronics, is in talks with Semlndia Inc to make its chips in India. "We've had initial discussions with them and we are very encouraged about them becoming a supplier for us here in India,"
        Bloomberg  -  58 words
    • 499 12 Received bids for 43.5 m shares at 545 rupees each Bloomberg [MUMBAI] ICICI Bank Ltd. India's biggest privately owned lender, received on the first day of a 70 billion rupee (552.6 billion) stock sale demand for almost 44
      Bloomberg  -  499 words
    • 324 12 [TAIPEI] Four Taiwanese and one South Korean company are biddihg to manufacture the world's cheapest laptop computer, which is to be distributed to children in developing countries from next year, says a report in the Financial Times. The laptop, which will cost
      324 words
  • Page 12 Advertisements
    • 767 12 >AT^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND HYDRA LI FT SINGAPORE PTE LTD (In Members' Voluntary Winding Up) [Reg. No. *****5624 C] At an Extraordinary General Meeting of the Company held at 53, Übi Ave 1, #0133 Pay a Übi Industrial Park, Singapore *****4 on
      767 words
    • 843 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BAROMEDICAL SERVICES (ASIA) PTE LTD (Registration No. *****4010N) (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held at The Boardroom, Level 3, 5 Clementi loop,
      843 words
    • 687 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YEO BROTHERS LAUNCH SERVICES PTE LTD (IN LIQUIDATION) Co. Reg No. *****5538 D NOTICE OF MEETING TAKE NOTICE that separate meetings of the creditors and contributories of the abovenamed Company will be held as follows: Date:
      687 words
    • 42 12 p pjilp i THE ONES [i THAT FlTia Recruit the > people through 1 CATS Recruit |J f-,-J 1800 289 8822 i or email r "H recrultfcsphxonusg J to advertise, i ru 1 ltW _J recruit 51-, XT r- C1 ZP £.1 'linH
      42 words

  • ASIA-PACIFIC/WORLD
    • 505 13  -  PM Lee, Merkel discuss ways to deepen business cooperation From CHUANG PECK MING in Berlin SINGAPORE businesses can expect economic ties between Singapore and Germany to grow under the new German coalition government headed by Angela Merkel. Singapore's Prime Minister Lee Hsien Loong, on
      AFP  -  505 words
    • 344 13 Reuters [TOKYO] The Nikkei share average rose 1.74 per cent to close above 15,000 for the first time in five years yesterday as investors bought shipping and construction shares and others seen lagging the market's rally. Advantest Corp, the biggest
      Reuters; Source: Bloomberg  -  344 words
    • 347 13  -  Round-the-World Yacht Race. Leg 3, Race 4, Day 4 Clipper Ventures The main news yesterday from the ocean was the overnight transfer of parts between Jersey and New York Clippers. New York had reported that an integral piece of their watermaker pump system had failed. In communication with
      347 words
    • 486 13 LAT-WP (NEW YORK] US Chamber of Commerce president and chief executive Thomas Donohue on Wednesday called on all publidy traded companies to stop offering quarterly earnings guidance, saying such predictions create a damaging focus on "meaningless short-term performance" and undermine
      LAT-WP  -  486 words
    • 308 13 LATEST US DATA Reuters [WASHINGTON] US consumer spending rose 0.2 per cent in October, driving the personal saving rate into negative territory for the fifth straight month, while jobless claims fell last week, government reports showed yesterday. Personal income also rose in October, by
      Reuters  -  308 words
    • WORLD WATCH
      • 82 13 Bloomberg [SYDNEY] Telstra Corp, Australia's biggest telephone company, won't build a planned high-speed Internet network unless the government changes "onerous and outdated" regulations to block rivals gaining access to the network. "You can't ask Telstra shareholders to invest in a new broadband network,
        Bloomberg  -  82 words
      • 128 13 (BANGKOK! The Finance Ministry plans to amend the corporatisation law next year to refine the privatisation process for state enterprises, the Bangkok Post reported yesterday. Areepong Bhoocha-oom, the deputy director-general of the State Enterprise Policy Office, said changes would be aimed at
        128 words
      • 132 13 Bloomberg [SEOUL] South Korea's Kospi index closed above 1,300 points for the first time, led by Samsung Electronics Co and Hynix Semiconductor Inc, after the country's exports rose to an all-time high. The Kospi added 8.54, or 0.66 per cent, to
        Bloomberg  -  132 words
      • 115 13 Reuters [LONDON] Morgan Stanley said the chairman of its international business and veteran banker David Walker will retire at the end of this year and be replaced by Jonathan Chenevix-Trench. Mr Chenevix-Trench, a 21-year veteran of the bank, will be in
        Reuters  -  115 words
      • 118 13 AFP [MELBOURNE] Australia's Foreign Minister Alexander Downer outlined a vision for an Asian free trade bloc yesterday and said his country was intent on helping shape the emerging East Asian community. Mr Downer said negotiations being held by the 10-member Asean
        AFP  -  118 words
      • 76 13 AFP [TOKYO] Japan yesterday backed away from slapping a levy on hot-selling digital audio players dubbed the "iPod tax". A government panel decided against proposing a royalty on digital music devices such as Apple's phenomenally popular iPod, rebuffing calls from the recording industry to
        AFP  -  76 words

  • AVIATION
    • 771 14 Analysts split over whether cuts will make airline more competitive IHT [NEW YORK] Management experts are stunned by the layoffs announced late Wednesday by British Airways, saying that the airline is a big and a profitable one, earning U*****.5 million, last year. The company
      IHT; BLOOMBERG  -  771 words
    • 512 14 Reuters [MONTREAL] Bombardier Inc posted a quarterly loss on Wednesday as job-cut costs at its railcar unit and a weaker regional aircraft market outweighed a 71 per cent surge in business jet deliveries. The world's top train maker and No 3 manufacturer of
      Reuters; BLOOMBERG  -  512 words
    • 280 14  -  By VEN SREENIVASAN [SINGAPORE] Cathay Pacific Airways said yesterday it has ordered 16 Boeing *****0ER (extended range) aircraft and has options for 20 more. The 16 aircraft will be delivered between September 2007 and July 2010. Cathay also said it will buy three A 330-300
      280 words
    • 225 14 Bloomberg [NEW YORK] Delta Air Lines Inc, the No 3 US air carrier, said it had a net loss of US$l.l4 billion from Sept 15, the day after it filed for Chapter 11 bankruptcy protection, through Octo- < ber. The loss includes
      Bloomberg  -  225 words
    • 133 14 AP [TAIPEI] Taiwan's Far Eastern Air Transport Corp said on Wednesday that US-based American International Group Inc (AIG) plans to sell its 18 per cent stake in the airline. AIG, a shareholder since 1995. wants to sell its stake as it is
      AP  -  133 words
    • 560 14 gn WW n* m—T wn ****** i7« jami iks AKaDiuU BVSOSA 1215 lass Mill iw q| |1 m m Z if il dfus m alf aa <E8 r m tg i| j|| ***»V Z3M OBII Umimi 1140 ifi&Ol 1245 SSp B5pH —"Bnloffil s=r ®"1W1i |«T3 :;j0
      560 words
    • 247 14 AFP [KUALA LUMPUR] Malaysia will buy four A4OOM military planes from European aircraft manufacturer Airbus to further boost its existing fleet for the transport of cargo and troops, a report said yesterday. Negotiations between aircraft manufacturer Airbus Military SL, and the government
      AFP  -  247 words

  • SHIPPING
    • 616 15  -  Industry must expect 'possible changes', especially with high fuel cost By DONALD URQUHART [SINGAPORE] While the near-term prospects remain positivfe, the shipping industry must prepare for a dampening effect as more newbuildings come on stream, warned the outgoing chairman of the Federation of
      S'PORE MARITIME FOUNDATION  -  616 words
    • 359 15 Reuters [LONDON! Dubai Ports World would most likely wait for P&O's struggling ferry arm to return to profitability before selling it, a top shipping consultant said on Wednesday. State-backed DP World agreed to buy UK ports and ferries group Peninsular and
      Reuters  -  359 words
    • 289 15 SGX '000 dki a +i- vol CH Offshore 0.36 -0.01 216 ChuanHup 0.39 unch 5721 Cosco Corporation 2.33 -0.03 2809 CWT Distribution 0.81 -0.02 59 Ezra Hldgs 1.42 0.04 612 Freight Links 0.06 unch 14 Grand Banks Yacht 0.89 unch 0 Jaya Holdings 1.23 -0.01 757 K1 Venture
      289 words
    • 800 15  -  ADMIRALTY CASEBOOK By SELVA KUMAR A TANKER that was converted in Singapore 10 years ago into a floating offshore oil production unit was at the centre of a recent decision in an Australian appeals tribunal on whether it fitted the definition of a
      800 words
    • 125 15 Berhama [NEW DELHI] Port Klang Free Zone (PKFZ) has invited investors to invest in the Malaysian free trade zone "to see your, business grow and. succeed in South-east Asia". In a half-page, advertisement in India's leading financial daily, the Economic Times, PKFZ says: "If
      Berhama  -  125 words
  • Page 15 Advertisements

  • EDITORIAL & OPINION
    • 529 16 EDITORIAL IT was no surprise that the United States Treasury this week stopped short of labelling China as a currency manipulator, an act that could have triggered sanctions by Washington. In fact, this stance was already hinted at before President George W Bush had left
      529 words
    • 1153 16  -  Bridgewater had average annual returns of 13.3 per cent during the decade ended on Sept 3 By RICHARD TEITELBAUM Bloomberg ONE day in the early 1980s, a young trader named Ray Dalio placed a bet in the bond market. Then he reached for a
      Bloomberg; AFP; BLOOMBERG  -  1,153 words
    • 794 16  -  THE BOTTOM LINE PAUL SAMUELSON Tribune Media Services "TROUBLES come in threes." That's the old folk saying. For US President George W Bush's popularity at home and America's leadership abroad, troubles come in three times threes. Repeated hurricanes from the Caribbean might have been
      Tribune Media Services  -  794 words
    • 1183 17  -  The ban on hormone-laden US beef imports by Europe and Japan is more than just a trade dispute it is a matter of health HARISH MEHTA THE world's biggest markets for beef are slamming the door shut in the face of American exporters
      AFP  -  1,183 words
    • 648 17  -  By JULIA SMITH WHEN it comes to communicating pay to employees one thing is abundantly clear most companies don't do it very well. In fact, a recent survey conducted by Hewitt Associates found that more than half of the HR professionals in Asia were not comfortable
      FILE PHOTO  -  648 words
    • 397 17  -  LETTER TO THE EDITOR Audrey Ang, Lew Nam Mun WE refer to the article, "CPIB should clear air over Air Ocean" (BT, Nov 29), by Conrad Raj. In the article, Mr Raj said: "Far too often, the Commercial Affairs Department and the CPIB keep silent
      397 words

  • Page 17 Advertisements
    • 103 17 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

  • 10235 18 SGX MAINBOARD JOf Last Vol Day Last Quote GrtMv Mv GrYM Nat MCap High Low Coda Company Salt ('000) High Low »uyar Saiar Cyr P/t SnS 7.5 2 5716 1st Software 5c 2.5 unch 215 2.5 2.5 2.5 3 101 22 6 3148 8TelecomUS2c 6.5 -0.5 306 7
    10,235 words

  • 6421 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la local am to SS In US* yr dy yr dy %yr Nov 30 tedw Oggg Chmrty Chang* Qmoq* Chang* Ch»r>q« Work) Index Preliminary 952 2 -04 11.7 -04 93 -0J 58 J lAft Prei.rn.raiy gl.l -ft6 208 -83 98-04 68 Europe Preliminary
    6,421 words

  • Page 20 Advertisements
    • 1149 20 1 v ig°\ NYK GROUP SOUTH ASIA PTE LTD W»4 tkrtrwr ppy r»> wjr TEL 6295 0123 ZZ£k^' M %g& JkSSoSX:Jt ,MK 2^^^/^™(oFSy6299s7B6(Doar«^ |»Mi|Qg |g Anaon Howw^ngopor* Q***** SSSj^N?www.flnnlariiMMi.cnwi ra3£S3^E2jjju9 turB P•NCX-Sun MmtomwmmCMX-M y '>/< Vtsstl CW. Vty Nt Shi*** hfartwwl Hwhw hlw) Vwwl (Wt V*rlb Tlmim EwIS«M li.m i
      1,149 words
    • 427 20 ar> r- VBSa/WT I MTKT) HB6HWB H6 KM K» I SW JP STUnSVBfIUK24/0S I is 3.2 M/ll 17/11 30/11 03/1? 05/1? siwiswmiK 24/05 is i? 11/12 ?i/i? 24/12 21/12 31/12 [MmßMiwiwwoHtwa VBSa/WT I IAMPQCT) I HBGHT(W)| 13 181 I 1 STD MB Ml HH B Ia I Ifl 1 SO
      427 words

  • Page 21 Advertisements
    • 1382 21 www.homburgsud.com ASIA SERVICE SUNG 1 (EXPORT) ASIA SIHVICI SIIH6 1 (EXPORT) ETA fTA /Vw SINGAPORE PUROAN SEPETIRA SANTOS ITAJAI PARANAGUA Vww )/V tY< SINGAPORE MHOS AMIS RWGRANPi SANTOS SWTIOA Alionco S.ngopor« 505W 07/1J 11/12 28/12 N/12 31/12 01/01 Cop Corte 504W 05/12 24/12 29/12 31/12 01/01 Cop Sonovisto 505W 14/12
      1,382 words
    • 1096 21 VBSa VOY SIM JKT HKG Ml IWC KYM WIS VESSEL VOY Sffl JKT SUB HKG USH PUS HYPtOGItESS 105S 1/12 10/12 15/12 17/1! H/12 21/12 21/1? KMTC JAKAfTA SI6S 4/1? 7/12 1/1? 13/12 17/12 11/1? HYIHIDGE 104S 15/12 17/12 22/12 24/12 2i/l2 21/12 21/12 KMTC FIfSAW 514S 11/1? 14/1? 15/1?
      1,096 words
    • 649 21 m WEEKLY EXPRESS SAIUNG SCHEDULE I" ALSO ACCEPTIN6 TO ALL NORTHERN AND WESTERN ICQ POINTsI vissa I vot |an pjtuwclcotowo 1 n swva I coummo I I— I I I I II Alio ACOPIMB pa TO COOW, TUDCOCM (VU aXOMKD MB KANDU I GOaI (VU N SUVA) CONMCTM6 MOTOR VSU
      649 words

  • Page 22 Advertisements
    • 1258 22 WAN HAI INTERNATIONAL PTE LTD at NO 14M*****00/I 'Z »ill a II A |||P|i TH:*****588 (14 UNES) FAX: *****163 V\\N 1 IAfAN HAI I INFS t" slo "'*Swvkt/iookkgsDHctUm-(1800)*****200 V V llnil lini hlllk V Hd TH: (03) 3346U11 MIL (03) *****2 M fIN 10: (04) 22*5900 FAX: (*****9M99 V JOHIB:IO7)2SIW23NUb|O7|2SIW2I
      1,258 words
    • 125 22 Gen^? GENIKI LINES I As Agents: CROSSEAST SHIPPING PTi UD operator cod* GK CK NO: 778 3202 OOOOM Tel: 6327 1788 Fax: 6327 ISBB «-n*A bootdng@aoss«Kl.com.s() WEBSITE nMMf^vldconuny KUCHING WEEKLY WEDNESDAY SAIUNO BINTULU MONTHLY 2 SAIUNOS GENIXI JOHOft GiISOE 02/12 03/12 04/12 OS/12 GENIKIJOHOR GJIB2E 10/12 Of/12 08/12 12/12 13/12
      125 words
    • 545 22 vtssa voy sin pcu vissn voy sin jkt CSf 2301 0206P 05/12 07/12 PAC MNUW M 27 "***** 06/12 ncuHM m* 84/13 00/ i? -J&Enn jm —ZfWZZMHZZ PACIANDA 1617N 07/12 01/12 PAPUAN M2O 10/12 13/12 -SUM! m* SSZI2 Wl2 -m™ SS W/ I -caurn liim sszi2 wu sy ?;H iffiF
      545 words
    • 339 22 Ml BMIIESMPPM6COPTKIII I Mi UUim (IS Ums) tan UtMUt/UUHM SnM' 54/05 02/12/7005 03/12/2005 Duna/Ponwant (Mm Sin 27 405 03/12/2005 04/12/2005 Sw4oyt Umoh Star 3 47/05 04/12/2005 05/12/2005 BsloMn/Uiofaa«Nm IwW 55/05 05/12/2005 04/12/2005 Duma/FBau/Buan Unwisln 20 52/05 04/12/2005 07/12/2005 Sals ujMSjji«^s2/0507>*****^2L12i225-J2SLi£aJ^L^—-vSavoTflrTra^TrTßßßTttl^^^ Mm W> 12 1*6232 02/12/2005 03/12/2005 taMq/BMtoi Mora Palo 96
      339 words
    • 549 22 BSA 4 MYANMA nH FIVE STAR UNE (MyaMnar National Um) Looting for Yh|m VKSE YOY SIN Pitt PIN PGU PAGAN 341W SIB PAGAN 349W SID IN MALAYSIA: BOUSTEAD SHIPPING AGENCIES KUI/PKL 03-300 SUM PEN: 04-*****1S ACCEPTING COiVEWTIOMAL CBO vEssa voiwniKHniiuniN MM STAR «7S SLD SLD SU) 12/12 13/12 tt/12 H/12
      549 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8237 23 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vaesel Voyage Telephone SIN Desfn Name Name Number Number SIN Desfn Name Name Number jMnNMHHnMHHHHNHMHMMMMMHBWMnHHMMMMHNMHHHMMMH 12/12 18/12 ECL COSMIC CHAUENGER lit *****555 To ABIDJAN (ABJ) 2003 Cote D'lvoire 16/12 19/12 B tang Mas B BELAIT
      8,237 words
  • Page 23 Advertisements
    • 398 23 Taiwan KEE KHH TXG \VVeekly Consol Service,/ V_ USA All IPI via LAX/NYC (MLB/AWS) LCL/FCL rates! HUB MARINE PTE LTD BOOKING: *****375/718 MAINLINE: *****888 FAX: *****088 OPR CODE "DZ" CR NO **********0Z MARKETING SALES: KELVIN CNUA: *****535, MEUNA LEE: *****187 PTKLANO -STO«-YANOON:** STCM-HJCHNQ-mU VESSEL VOYAGE PKG SIN YGN VESS& VOYAGE
      398 words
    • 308 23 r FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 E-mail: flesin@freightlinks.net Website:http://www. freightlinks.net SOUTH AMERICA CHILE H AQABA BUENOS AIRES SANTOS RIO GRANDE RIO DE JANEIRO VALPARAISO CALLAO CANADA ALEXANDRIA MALTA MAHE GENOA PANAMA CEBU DALIAN HONG KONG JAKARTA QINGDAO SHANGHAI SURABAYA
      308 words
    • 148 23 ■BWffifll TIGER SKY 341N 06-07/12 13-15/12 20-21/12 342N 10-11/12 16-18/12 24-25/12 Ml H""""" 343H 13-14/12 20-22/12 27-21/12 ■■■■■TIGER SEA 344H 17 11/12 23-25/12 31-01/01 I BMillißlifl 345N 20-21/12 27-29/12 03-04/01 wTicHaiTaaiutniVHini nm n7.ni/i? ■VMRHHTIGER SPIRIT 113 10-11/12 18-20/12 29-30/121 ■U||l||TIGaCUF 019N 15-16/12 23-25/12 02-03/01 I WxrttsmoTst 633 u-19/12 26-21/12 os-ot/oi
      148 words


  • executive lifestyle
    • 602 25  - It's only words... off the cuff jaime ee ENGLISH is such a powerful language, you can twist it to mean anything you want. No one knows that better than Malaysian Deputy Internal Security Minister Noh Omar, who, in response to the uproar over a film clip showing a naked China
      602 words
    • Article, Illustration
      1482 25  -  Floral design may have come a long way, but those in the business hope it will be considered an art form, reports CHEAH UI-HOON CHEAH UI-HOOI WHEN Michelle Goh gets a project like the launch of a new collection at watch boutique Roger Dubuis' next week it takes
      ARTHUR LEE/FILE PHOTO  -  1,482 words
  • Page 25 Advertisements

  • EPICURE
    • 227 26 THEY took you on a crash course of where to eat in Singapore. Now the authors of Life'.Eats have taken their fair share of Nice Bus rides across the Causeway and returned with a comprehensive collection of good eats in Malaysia. Straits
      227 words
    • 728 26  -  The food industry hopes to tap a new upscale market by uniting Tokyo's passions for eating and design, reports KAORI KANEKO KAORI KANEKO AFP I H I ITH your first M fl m course, eat the V m S m plates.
      AFP  -  728 words
  • Page 26 Advertisements
    • 26 26 FREE! EXCLUSIVE BARON'S BIKINI CALENOAR SOUND INVESTMENT V 1 DOLIBLt IROUBLf OUT NOW! $6 JY .vHimfSf IWINS UNCOVfMO' Jp j3j ■hML* Presented by: Sponsored by: Mtm
      26 words

  • WINE
    • 740 27  -  Biodynamic viticulture is rapidly catching on among vintners today. With all its virtues, however, it is not a winemaker's Holy Grail, says RANDY SEE RANDY SEE IT's a challenge trying to convince consumers how cow manure fermented in cow horn, buried over several winters in the
      740 words
    • 734 27  -  WINE 101 Understand the appellation system which is built based on villages By TOMMY LAM WHILE other parts of the world have no problems growing i Chardonnay and Pinot Noir, none has come close to > beating Burgundy. Nowhere in the world does a
      734 words
    • 716 27  -  By GEOFFREY EU "ANY man who drinks Dom Perignon '52 can't be all bad," says secret agent James Bond about an adversary in The Spy Who Loved Me and who can argue with that? Indeed, the prestige cuvee of Champagne house Moet Chandon
      YEN MENG JIIN  -  716 words
  • Page 27 Advertisements
    • 79 27 <Prestigious Hampers for this fioCxday season... AI wiurt quaHty Is our utmost prtonty, tut proifJly present auidt telectvm ofquafity ttu* Hampers from an affonCaMe range ofSf 90-SS2SO. him can also create your very oun cusUmaztd Hamperfrom our vast collection. "ftcKjour choice from ourfinest nines list today! 0 AttMC PAOFIC MM
      79 words
    • 23 27 ARGUABLY SINGAPORE'S BEST SELECTION OF TOP AUSTRALIAN WINES Distributor of Fine Wines 40 Holland Grove Road Singapore *****1 Tel: 6462 0053/*****170 Email: le.vlgne@pacific.netsg
      23 words
    • 76 27 V O Y A CE R E STAT i M.n V\ •<• U II i i I ]'viului«* i: w i >i iii A .i.» i .1 .1 ul n,;-| 'in M. Mjn 111 In I )l "i 'I stal> > ill n«,i.u 1 trot iff I'.ill i t k>
      76 words

  • CINEMA
    • 628 28  -  A History of Violence is a killer portrait of a man at odds with himself, says GEOFFREY EU GEOFFREY El T first, David Crom\ nenberg's absorb- ing and unortho- dox new film A J History of Violence seems rela- tively clear cut: a couple of murderous thugs
      628 words
    • 690 28  -  By GEOFFREY EU CYNICS might be temDted to dismiss The History of Singapore, which was commissioned to mark the country's 40th anniversary, as a fea-ture-length party political message or at the very least, a slick highlight reel depicting the not-inconsiderable achievements of the People's
      690 words
    • 576 28  -  By PARVATHI NAYAR OKAY, so there's an admission that needs to be made upfront, let's just say it and get it out of the way. Chicken Little is one adorably cute little chicken to look at, with the nerdy green glasses, minute little
      576 words
  • Page 28 Advertisements
    • 191 28 EXCLUSIVE WINE LABELS FROM: Australian French fnHftfiriffl JfteWew Dominique Portet Barton flt Guestier Estancia Bisol Hardys Baron Edmond dc Rothschild Franciscan Estates Ca Bianca Handpickcd Chateau La Tour Martillac Morgan Garofoli Normans Deutz Champagne Murphy Goode Lamberti Peter Lehmann Del as Quintessa Man tell aasi Warburn Estates Georges Duboeuf Ravenswood
      191 words
    • 125 28 Children Eat for Free! International Buffat HL SPECIAL DINNER IVWM PROMOTION SI (Tin 30 Ok 2005) For overy paying adult, ONE child dinasFßEEl 0 T* IV Lunch (Mon-Fri): X Dine Adults 27 Childsl9 Buffet Tunch (Sat Sun): TOP FRFF Adult $27 Childsl9 i Dinner (Mon-Thurs): f Adult $32 Child $20
      125 words
    • 63 28 SULA VINEYARDS Cfln SJncfian S?em India's first truly internationalclass wines Wine Spectator Imported by c^&es <= VLqne/ 40 Holland Grove Rd. Tel: *****053 n xt- Cafe Vic f Q taWi p Carlton Hotel Singapore, Level 1, 76 Bra* Baaah Road. Tel: 6311 8195 10% off Buffet Bill. v »w' (From
      63 words
    • 68 28 VilllM' Ml'ilK ill im'H |H I ilrm ll 11li N ll rr i lioirr ul ml |i*r lr;i sollilrillli*> Menu Nasi Goreng Ktimewa m Hamanc-st Chicken Ricc Katsu Don 7 Fn&a P.c-e S Cfd Fivti Th.-k Soup Snqaporc Laks<i Fncd Ths Style K.vay Tea.v Pand Thai G' |r-ij Ch >•
      68 words
    • 7 28 B I IB w M ml K
      7 words
  • Page 28 Miscellaneous
    • 225 28 CRYPTIC CROSSWORD b B ~TBf 5 Quarrel JH 8 Provide money to pay Fred Cook a penny finally (6) HHHHH 9 Harvest fruit to come into view again (8) regiment (6) 23 Fire-lighting key (8) 24 Weapon to slip out (6) V (4,3) (5) 25 German man leaves to go
      225 words

  • ARTS
    • 754 29  -  MUSIC S'pore-born pianist Melvyn Tan talks to MATTHEW PHAN about the works he will be performing at his homecoming concert MATTHEW PHAN Melvyn Tan is known as the Singa-pore-born critically acclaimed pianist, but the moment his picture was splashed across local newspapers when he was slapped with
      FILE PHOTO  -  754 words
    • 490 29  -  MUSIC By CHEAH UI-HOON EVEN as Singaporeans were watching Rent's international touring cast from New York belt out the 10-year-old musical's famous Seasons of Love at Kallang Theatre last week, that tune was reverberating across America's silver screens as the $50 million movie version opened there
      490 words
    • 396 29  -  ART By MATTHEW PHAN BELIEF has been chosen as the theme for the Singapore Biennale 2006 that will open next September. In the context of a pluralist society, in which many certainties about history and culture are questioned, SB 2006 will itself
      396 words
  • Page 29 Advertisements
    • 94 29 FINE TRADITIONS SEEN IN A NEW LIGHT A SHARING OF THE SEASON'S BEST Festive gift ideas now available at all Royal Selangor stores in Singapore. ROYAL SELANGOR! mm v Wk M&f' 'WM v*V.<j fl '•a vfjjfcr' iV" ii v «5 SkM.QL* M.~" iwvm,, <•»« i H." W- t "it!" mm
      94 words

  • Page 30 Advertisements
    • 193 30 ImMk: xMsMf- ■V' WBm .-NjWL^ jjjXSjjj^V 'WBp|'. A v %)u, Mkju^t •-t 4 Live happily ever after n 'i 1 *■'> v V*V' .'"t. y l *v v ••'< ±f~<j 'f *V*' r .;V <>\ I j .•>>*" *v*. v < .>• -V V V* -v. f f'-'K"". it" V
      193 words