The Business Times, 9 December 2005

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Total Pages: 38
1 38 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Friday, December 9,2005
    15 words
  • 625 1  -  Among Temasek-linked companies, analysts see ST Engg, DBS as attractive candidates for returning cash to shareholders By WONG WEI KONG [SINGAPORE] The surprise capital reduction and special dividend by Neptune Orient Lines (NOL) has turned market attention to other Temaseklinked companies (TLCs) that
    625 words
  • 797 1  -  By KALPANA RASHIWALA [SINGAPORE] The partnership that put in the bullish top bid of $1.38 billion for the plum Orchard Turn site yesterday i§ planning to go big on the retail component of its project. Capita Land group, Singapore's biggest
    Source: URA  -  797 words
  • Page 1 Advertisements
    • 62 1 LONDON DEBUT Local media firm Peach Blossom lists on Ofex PG6 The man who i I masterminded London's successful Tomorrow in The Raffles Conversation tw busmss tmb I 1 Ask for your complimentary copy of BT at any SPC ■hl^^ UOOkDlm petrol station on Saturday if you make a minimum
      62 words
    • 261 1 CHRISTMAS MORE REPORTS, Pg 4 Initial excitement over NOL payout fizzles out An uncommon route to financing payout Commentary: why the tepid response J>. 4 >.'*&&»:•. -1..' .\m-~~. K <x :j -A- <; 1_~TT "~< *ir—ar. kw -xm' '<* J Y <..iu.. un* V -to w-»--.V-J^W—'V- /v ri* r j"
      261 words
    • 9 1 NKF Reserves to last only 6.7 years PG 2
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  • TOP STORIES
    • 815 2  -  Without further donations, coffers will be empty in just 4.5 years By MICHELLE QUAH [SINGAPORE] The National Kidney Foundation (NKF) does not haVe enough reserves to last beyond seven years, and if no further donations come in, the charity's coffers will be
      815 words
    • 560 2 Freak sell order spooks Tokyo market A HUGE errant sell order by Japanese brokerage Mizuho Securities in newly listed shares of recruitment firm J-Com Co pushed down stocks of the country's top brokerages and banks yesterday. The ruckus was caused by a sell order for 600,000 shares—valued at
      560 words
    • 440 3 Nikkei stock average drops 1.95%, its worst loss in 2 months Reuters [TOKYO] A huge errant sell order by Japanese brokerage Mizuho Securities in newly-listed shares of recruitment firm J-Com Co pushed down stocks of the country's top brokerages and banks yesterday. The ruckus
      Reuters  -  440 words
    • 275 3 Issue may not be decided 'for a little time yet', he says AP [SYDNEY] The execution by Singapore of an Australian drug smuggler will not affect Canberra's decision on whether to grant the citystate's airline access to a route between Australia and the
      AP  -  275 words
    • 470 3  -  By ARTHUR SIM [SINGAPORE] The Singapore Tourism Board (STB), which wants the number of hotel rooms here doubled by 2015, is leading the way by facilitating the development of a 288-room boutique hotel in Tiong Bahru. Two 50-year-old blocks of
      470 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 525 4  -  NOL'S MONSTER PAYOUT Stock surrenders half of gain as market shrugs off distribution move By R SIVANITHY THE market yesterday delivered a thumbs-down to Neptune Orient Lines' proposed capital reduction, wiping out half the 36-cent gain that the stock made on Wednesday in
      Source: Bloomberg  -  525 words
    • 421 4  -  By TEH HOOI LING INCREASING borrowing for a cash distribution to shareholders as done by Neptune Orient Lines is far from a common practice. A poll of some of the veteran analysts to find out if they rememberftd any Singapore company which had
      421 words
    • 786 4  -  HOCK LOCK SIEW By DONALD URQUHART IF pressed to put a description to the announcement by Neptune Orient Lines (NOL) on Wednesday that it would return $1.34 billion in cash to shareholders, "shock and awe" might be appropriate. While the cash distribution itself came
      786 words
    • 383 6  -  $7.3m net loss in nine months as revenue plummets from $2.2b to $13.3m By WONG WEI KONG CHINA Aviation Oil (Singapore) remained in the red in the first nine months of this year, following its staggering loss of $864.8 million in 2004 caused
      383 words
    • 394 6  -  By VEN SREENIVASAN THE Australian economy could gain just A$ 10 million (5512.6 million) if Singapore Airlines was allowed to operate and compete against Qantas on the Australia-US transpacific route, according to a study conducted in Australia. The Australian daily reported yesterday that
      394 words
    • 258 6  -  By UMA SHANKARI SINGAPOREAN media company Peach Blossom Limited made its trading debut on the London Ofex public market yesterday, making it the first local company to do so. Peach Blossom issued 1.146 million shares at 20 pence each. The company said
      258 words
    • 173 6 Bloomberg [BANGKOK] Capita Land Ltd, Singapore's biggest developer, will more than double its Bangkok property developments next year, with four more residential projects planned with Thai joint venture partner TCC Land Ltd, chief executive officer Liew Mun Leong said. TCC Capital Land Co, 40 per
      Bloomberg  -  173 words
    • 4362 6 UNIT TRUSTS FUNDS C(ti Money Sing Dollar Class B 1.0875/ Cm Pan-Europe Equity Fifid 1.34 ABN Amro Asset Mgt (S'pore) Star Europe Eqty!" 0.862/ Jiff Star Europe Bond 1.206/ rJclJS !"i!i' Star Eurooe Bal 1 143/ CrtiSdect Global Growth 1-2W Star Asian Tiger Eqflf r __l -*****/ Fund T Star
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    • 511 7  -  But ST Telemedia's Indosat is more vulnerable, says Fitch Ratings By ANGELA TAN INDONESIA'S leading telcos, which include SingTel's 35-per-cent owned PT Telekomunikasi Selular (Telkomsel) and ST Telemedia's 42-per-cent owned PT Indosat Tbk (Indosat), will enjoy robust customer growth over the next two years, but
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    • 276 7  -  By MATTHEW PHAN CONTRACTS are flowing the way of Darco Water Technologies in Taiwan. Two weeks after winning a joint NT$l.66 billion (SsB4 million) municipal contract in which it has a $46.2 million share the Sesdaq-listed water-treat-ment company yesterday announced another deal worth NT$5BO
      276 words
    • COMPANY BRIEFS
      • 65 7 OCBC Bank said yesterday that it has through wholly owned OCBC Overseas Investments raised its stake in Bank NISP from 70.74 per cent to 72.29 per cent, paying about 483 billion rupiah (S$82.5 million) for 643.9 million new shares in relation to
        65 words
      • 68 7 SC Global Developments said that it is raising $7.8 million from a proposed placement of 5.75 million new shares at $1.35 apiece to Mass Noble Ltd. a member of the Yawson Investment Group. The latter is a diversified real estate and financial investment group
        68 words
      • 38 7 RESIDENTIAL property developer MCL Land, whose shareholders are consideringa $647 million takeover bid from Hongkong Land, said yesterday that it has appointed CIMB-GK Securities as its independent financial adviser in connection with the offer.
        38 words
      • 39 7 SINGAPORE Exchange (SGX) announced yesterday that it has signed a five-year contract, with a "nominal value of $95 million", with Hewlett-Packard Singapore (Sales) Pte Ltd to outsource its data centre and IT infrastructure services.
        39 words
      • 78 7 RETAIL investors are placing their bets on Genting International, making the public offer tranche 13.8 times subscribed. More than 22,000 applications were received for the 50 million shares on offer, making it the highest number of applications this year for a non-Reit offering.
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    • 421 7  -  By LESLIE YEE THE market is keenly waiting to see what United Overseas Bank (UOB) will do with the US$5OO million (SsB4s million) it is raising from an issue of preference shares. The bank could buy back part of the 3.1 per cent stake
      421 words
    • 263 7  -  By LESLIE YEE SINGAPORE investors have been allocated 20.5 per cent of the stapled securities in the initial public offering of Singapore Power's SP AusNet. A minimum of 15 per cent of the IPO was set aside for the Singapore offering. The
      263 words
  • Page 4 Advertisements
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    • 704 4 SUPERIOR FASTENING TECHNOLOGY LIMITED (THE "COMPANY") RENOUNCEABLE RIGHTS ISSUE (THE "WARRANTS ISSUE") OF 43,878,480 WARRANTS (THE "WARRANTS"), EACH WARRANT ENTITLING ITS HOLDER TO SUBSCRIBE FOR ONE (1) NEW ORDINARY SHARE OF HK80.17 EACH IN THE CAPITAL OF THE COMPANY, AT AN ISSUE PRICE OF 550.03 FOR EACH WARRANT, ON THE
      704 words

  • Page 5 Advertisements
    • 1927 5 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES SP AusNet A member of Singapore Power Group Each Security consists of: A unit in A share in A share in SP Australia Networks (Finance) Trust (constituted under the laws SP Australia Networks (Transmission) Ltd (incorporated in SP Australia Networks (Distribution)
      1,927 words



  • SINGAPORE MARKETS
    • 473 8  -  STOCKS Shorts push the ST Index below 2,300 before it finishes the day at 2,305.71 R SIVANITHY Senior Correspondent Short-sellers and intra-day scalpers would have had a field day yesterday, after a sudden 2 per cent loss for Japan's Nikkei Average and a
      Source: Bloomberg  -  473 words
    • TRADES TO WATCH
      • 450 8 MATTHEW International Capital Management LLC has emerged as a substantial shareholder of Hyflux. Its deemed stake in the water-treatment company has risen from 4.94 per cent to 5.09 per cent following the purchase pn Monday of 790,000 shares at $2,674 each "for investment
        450 words
      • 86 8  -  Compiled by MICHELLE QUAH RECENT market debutant Sarin Technologies says two of its substantial shareholders have sold a total of 11.25 million shares in the company to three unnamed institutional fund managers. The 4.5-per-cent stake was sold by Sarin Research Development Ltd
        86 words
    • Article, Illustration
      413 8 OTHER SINGAPORE INDICES Dec 8 VALUE CLOSE BT OB/OS -73.00 -110.00 BTCAPI -*****.00 -70.00 BT 10-day MA -*****.00 -7.00 Ail-SG Equities 588.43 -1.57 SG Equities Elect 125.94 -1.70 SG Equities Fin 1694.07 -10.48 SG Equities Prop 703.36 +7.20 SIMSCI 272.51 -1.08 SiMSCi Futures 272.20 -1.30 MOST ACTIVE STOCKS VOLUME Celestial
      413 words
    • Article, Illustration
      960 8  -  Compiled by UMA SHANKARI Mobile One Dec 8 dose: 552.20 CIMB-GK RESEARCH, Dec 8 ACCORDING to Dow Jones, Philippine Long Distance Telephone (PLDT) will sign a co-operation agreement with Ml on Friday, quoting a PLDT spokesman. The tie-up will provide inexpensive cellular services to Filipinos in Singapore through
      Source: Bloomberg  -  960 words
    • 530 8  -  CURRENCIES LARRY WEE Senior Correspondent FEARS that New Zealand's generous interest rates may have finally peaked hurt the currency badly, notwithstanding another as-expected 0.25 per cent rate hike yesterday morning, even as the US dol- lar slipped back from its overnight highs.
      Source: Reuters  -  530 words

  • SINGAPORE NEWS
    • 450 9  -  Company could focus on meetings and conventions segment to do so By ALEXANDRA HO CHINA holds the key to driving up Singapore's tourism numbers and Las Vegas Sands, a contender for the Marina Bay integrated resort (IR), hopes to unlock that potential
      450 words
    • 329 9  -  STORE'S MANUFACTURING DRAW By OH BOON PING AUTOMATION components maker Carlo Gavazzi Automation (CGA) wants to use its new Asia-Pacific headquarters in Singapore to help it sustain growth of 45 per cent in regional turnover. The Swiss-listed company is looking for a
      329 words
    • 286 9  -  By MATTHEW PHAN EXXONMOBIL Chemical took another step towards confirming that it will build a second petrochemical cracking plant on Jurong Island, announcing yesterday that it had appointed a project executive and external contractor to do further feasibility studies. The proposal for the
      286 words
    • 399 9  -  A 10-point cut in piracy rate adds US$lb to sector By AMIT ROY CHOUDHURY A 10 percentage point reduction in Singapore's piracy rate of 42 per cent over four years would help boost the size of Singapore's information technology (IT) sector by nearly US$l
      399 words
    • 230 9 SENIOR Minister Goh Chok Tong has sent his deepest condolences to the late former president Devan Nair's son Janadas. In his letter, Mr Goh described how he has benefited from knowing and observing the late president, who died on Wednesday in Canada at the age
      230 words
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  • Page 10 Advertisements

  • ECONOMY WATCH
    • 472 11 Leaders will tackle oil prices, trade, pollution, bird flu Reuters [KUALA LUMPUR] Ten South-east Asian leaders are likely to discuss a range of sensitive issues at a summit of the Association of South East Asian Nations (Asean) next Monday, from oil prices
      Reuters  -  472 words
    • 440 11  -  Singapore's current expansion is likely to peak by end-March 2006 By ANNA TEO [SINGAPORE] The current expansion of the Singapore economy will likely peak by end-March 2006, if not by year-end, but GDP growth next year could well exceed 2005'5, according to one
      440 words
    • 436 11 Reuters [NAGOYA, Japan] Chances of a policy shift by the Bank of Japan will increase next year, BOJ governor Toshihiko Fukui said yesterday, though he sought to placate concerns by saying the central bank will keep rates near zero after
      Reuters; AFP  -  436 words
    • 235 11 AFP [HONG KONG] India and Brazil, two of the biggest and fastest growing of the developing countries, may hold the key to a deal at crucial World Trade Organization (WTO) trade talks here next week, the chair of the meeting said
      AFP  -  235 words
    • 471 13 New MD says it will focus on Middle East, Africa, UK, Australia, Asean Bloomberg [KUALA LUMPUR] Proton Holdings Bhd, Malaysia's largest carmaker, said it aims to increase exports by more than fivefold by 2008 amid its declining share of South-east Asia's
      Bloomberg  -  471 words
    • 198 13 Reuters [JAKARTA] Indonesia's exports should grow 20 per cent this year to US$B6 billion and rise further in 2006 by at least 15 per cent, the country's trade minister said yesterday. Mari Pangestu said the main contributors to the growth are exports <5f palm
      Reuters  -  198 words
    • 2354 13 VOl General Corp .0.41 0.01 71 P** M *>- fWO Genting 30.30 0.30 749 George Kent 0.59 unch 454 ASM Realty 1.47 unch 0 GHL Systems .0.10 unch 314 AbrK 031 001 43 Globetronks Tech .033 -0.01 1266 ACP Industries .0.65 unch 0 GlomacBhd .....1.09 -0.01 170 Advance
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    • 270 13 It will later offer to buy the rest and delist it Bloomberg [KUALA LUMPUR] MMC Corp, a Malaysian builder and engineering group controlled by Syed Mokhtar AlBukhary, agreed to buy his 52 per cent stake in Johor Port Bhd for RM427
      Bloomberg  -  270 words
    • 265 13  -  Deals part of promotion tie-up between M'sian govt, Giant By SIOW LI SEN [SINGAPORE] Small Malaysian food companies have won RM5.2 million (552.3 million) worth of orders in a meeting with Singapore traders earlier this week, as part of a two-week affair to promote
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    • BRIEFLY ASIA
      • 31 13 AP [KUALA LUMPUR] Malaysia signed a deal with Airbus SAS' military division yesterday to buy four A4OOM transport planes worth RM2.B billion (Ssl .2 billion). —AP
        AP  -  31 words
      • 72 13 Reuters [TAIPEI] Taiwan Semiconductor Manufacturing Co fTSMC), the world's largest contract maker of microchips, posted record-high sales for a third straight month in November, showing a 31 per cent rise from a year ago on strong pre-Christmas demand for electronics. It said November revenues came to
        Reuters  -  72 words
      • 64 13 AFP [KUALA LUMPUR] The chairman of Intel, the world's largest chipmaker, yesterday said the company will US$23O million in Malaysia as part of a three-year expansion plan. Mr Craig Barrett (above) said the project, which will see the creation of a development centre and an
        AFP  -  64 words
      • 44 13 Reuters [HONG KONG] Australian property firm Macquarie Goodman Group yesterday signalled it would launch a property trust in Hong Kong in the first half of next year after it added another warehouse to its assets in the city.—Reuters
        Reuters  -  44 words
      • 43 13 Bloomberg [HONG KONG] Prosperity Reit, owned by Hong Kong billionaire Li Ka-shing's Cheung Kong (Holdings) Ltd, raised HK$l.92 billion (Ss4l7 million) in the territory's second share sale by a property trust, the sale document showed. Bloomberg
        Bloomberg  -  43 words
      • 35 13 Bloomberg [JAKARTA] PT Pertamina, Indonesia's state energy company, said it had temporarily halted talks on the extension of sales contracts with buyers of liquefied natural gas in western Japan. Bloomberg
        Bloomberg  -  35 words
      • 71 13 Reuters [HOUSTON] The participation of a subsidiary of Chinese oil major Sinopec in the Northern Lights oil sands project does not necessarily mean the eventual crude output will be destined for the Far East. The 100,000 barrels per day expected to emerge
        Reuters  -  71 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 50 12 SBB Asia General Performance and Value for Customers and Shareholders </ #1 in Wealth Management y Sustained Performance Leadership y Consistently Creating Shareholder Value v. 1 y Higher Earnings y Growing to #7 in Assets J J 1 M L y Tes For more information www.sbbvote.com Helpline: 00 603 6204
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  • Page 13 Advertisements
    • 561 13 >at^; NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF INET WORLDWIDE TELECOMMUNICATIONS PTE LTD (R»giilralion No. *****0461 C) (In Member's Voluntary liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2Kb)) An Extraordinary General Meeting of the Company deemed to hove been pursuant to Section
      561 words
    • 228 13 Stf SWEE SZE ASSOCIATES Certifiod Public Accountants Our client is desirous of dhfesting its interest in Chinese companies engaged in the production and sale of cement and related products. Accordingly, we are inviting parties to participate in the lender for the aforesaid The closing date is 16 December 2005. Interested
      228 words
    • 332 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PHOENIX MARITIME PTE. LTD. Co. Reg. No. *****6651E (IN MEMBER'S VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of PHOENIX MARITIME PTE. LTD., duly convened and held on 5 December 2005 ot 11.00 a.m.,
      332 words
    • 333 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CROSBY PTE. LTD. (IN MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary Genera] Meeting of the abovenamed Company duly convened and held at 6 Battery Road #13-01 Singapore *****9, on 5 December 2005 at 11.00 a.m., the
      333 words

  • GREATER CHINA/INDIA
    • 263 14 [BEIJING] Japanese automakers held a 26.6 per cent share of the Chinese market in the January-October period, just 0.7 point shy of top-ranked Chinese producers, becoming the top foreign car supplier in the world's third-largest market for the first time ever, Japan's Nihon
      263 words
    • 403 14 Shares with links to Morgan Stanley, Goldman Sach jump more than 5% Reuters [MUMBAI] Merrill Lynch's decision to pay about US$5OO million for control of its Indian joint venture, DSP Merrill Lynch Ltd, has raised investors' hopes that US rivals might follow
      Reuters  -  403 words
    • 69 14 IHONG KONG] A protester, part of a small demonstration by People for the Ethical Treatment of Animals (Peta), urging people to stop eating chicken and accusing the poultry industry of spreading birdflu. "Avian flu comes from farming animals forfood, "said Andrew Butler, campaign coordinator for Peta?"As long
      AP  -  69 words
    • 149 14 Reuters (LONDON] Credit Suisse First Boston (CSFB) is to resume operations in India's securities market more than three years alter it was suspended by the country's stock market regulator, the Financial Times reported yesterday. The investment bank will reopen its Indian equity trading and brokerage
      Reuters  -  149 words
    • 461 14 Reuters [SHANGHAI] CNOOC Ltd, China's top offshore oil producer, is interested in the assets of Russian oil group Yukos, state media reported yesterday. Chief executive Fu Chengyu said that any potential deal would depend on government cooperation, because of the uncertainties of investing in Russia's
      Reuters  -  461 words
  • Page 14 Advertisements
    • 1872 14 NOTICES T(ill Irc-t: Lm.|« iltttm?:, iHi'tUUsii I IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND INFOSPEED PTE LTD (Company No. 200I*****N) Al an Extraordinary General Meeting of INFOSPEED PTE LTD held on S December 2005, the following Special Resolution was passed WINDING-UP AND APPOINTMENT OF LIQUIDATORS That the
      1,872 words
    • 423 14 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF J.DIRECT VENTURE PTE LTD Rag. No. *****4196R (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 3 Irving Road, #05-03 Irving Industrial Building, Singapore
      423 words
    • 339 14 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of GOLDEN YESLINES PTE LTD R»g. No. *****2713W NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. SO NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap. 50,
      339 words

  • ASIA-PACIFIC/WORLD
    • 582 15  -  Central bank governor says easy monetary policy 'near an end' By ANTHONY ROWLEY in Tokyo TOKYO shares fell sharply yesterday after Bank of Japan governor Toshihiko Fukui said that the central bank's commitment to a su-per-easy monetary policy was "near an end".
      AP  -  582 words
    • 355 15 Half of amount will be to expand 3G mobile network Reuters I BANGKOK] Advanced Info Service PCL (AIS), Thailand's top mobile phone firm, said yesterday it plans to invest US$4OO million in 2006, half of it on expanding a third-generation (3G) mobile network.
      Reuters  -  355 words
    • 515 15 Round-the-World Yacht Race. Leg 3, Race 4, Day 11 Clipper Ventures ONE of the things about being a skipper of a yacht in mid-ocean is that when things break you have to either fix them or find a way to get round the problem completely there is no
      Clipper Ventures  -  515 words
    • 201 15 Reuters [WASHINGTON] The number of US workers filing new jobless claims last week rose unexpectedly by 6,000, the government said yesterday, but a more reliable barometer of labour trends fell for the second straight week. Initial claims for state unemployment insurance benefits climbed
      Reuters  -  201 words
    • WORLD WATCH
      • 92 15 Bloomberg [NEW YORK] Microsoft expects advertising to become its fastest-growing consumer business as the company targets a larger slice of Internet searches from Google Inc and Yahoo! Inc. The world's largest software maker is looking at how it can bring ads into
        Bloomberg  -  92 words
      • 102 15 AP [LONDON] Richard Branson said yesterday he is confident that NTL Inc will come up with an acceptable offer for Virgin Mobile Holdings, which rejected a first takeover bid valued at more than £810 million (552.4 billion). "My gut feeling is NTL
        AP  -  102 words
      • 81 15 AP [INDIANAPOLIS] Heart device maker Guidant Corp said on Wednesday its board has decided to hold discussions with Boston Scientific Corp about its US$25 billion offer for the company, which seeks to undo a standing, but lower, deal with Johnson
        AP  -  81 words
      • 82 15 NYT [DETROIT] General Motors said on Wednesday that it was holding discussions with the investment firm run by its biggest shareholder, Kirk Kerkorian, about board representation for his company. It was not clear how many seats Mr Kerkorian's company. Tracinda Corp, was
        NYT  -  82 words
  • Page 15 Advertisements
    • 496 15 t Q) RESTAURANT (Q LA RtCMLADE @LES AMIS 14th i 7th December 2005 I"i* Restaurant La R£galade is renowned for unpretentious French cuisine that highlights the best ingredients from Burgundy. You can look forward to savouring such hearty dishes as Rack of milk-fed veal with morels, Scrambled eggs with Perigord
      496 words

  • AVIATION
    • 666 16 Officials say man tried to flee after being confronted by air marshals Reuters [MIAMI] US air marshals on Wednesday shot and killed an American Airlines passenger who claimed to be carrying a bomb in his backpack at Miami International Airport. Federal
      Reuters; AP  -  666 words
    • 501 16 Reuters [SYDNEY] Qantas Airways Ltd, the world's eighth-big-gest passenger airline by market value, has delayed a decision on a fleet renewal plan, but it approved an international expansion for its discount carrier Jetstar. Qantas yesterday said that its board would hold a special
      Reuters  -  501 words
    • 302 16 Bloomberg [NEW DELHI] Kingfisher Airlines Ltd, a six-month old carrier formed by India's biggest brewery, said it's valuing the country's third-largest domestic airline Sahara Airlines Ltd at 53 per cent less than the floor price recommended by an adviser. Kingfisher has
      Bloomberg  -  302 words
    • 287 16 Bloomberg [SEOUL] Korean Air Lines Co, South Korea's largest carrier, cancelled more than half of its scheduled flights yesterday as pilots refused to fly, demanding higher wages. Korean Air cancelled 30 international flights out of 154 with about 77 per cent of its
      Bloomberg  -  287 words
    • 516 16  -  Plansfor 85 aircraft by 2009, says chief executive By VEN SREENIVASAN [SINGAPORE] India's Jet Airways is buying a whole fleet of new aircraft to help it with an aggressive increase in the routes it flies. The airline's chief operating officer,
      516 words
    • 533 16 CITY m«IT «TA WW HP AQZK9 1745 5MU ]K5 AbaNwM BV502A 1215 nan will lis 3& M OmtiAai fVl tl H Umlup) M755C TfJC" Gt»i»s*og ||9| Molt FD3M1 IP? J J ***** Tlm^ _nD j^l titi nn mm mm M SP i <g»j mm 11 Jj
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  • SHIPPING
    • 354 17  -  World's pioneer batch awarded competency certification after Web-based training By GEORGE JOSEPH [SINGAPORE] Five ship superintendents, all employed by Singapore-based NYK Ship Management, became the first in the world to have their competency certified, following the first Web-based training and testing of
      354 words
    • 102 17 Xinhua [BEIJING] Shanghai is expected to become world's largest freight port at the e*d of this year, according to materials provided by the Ministry of Commerce. During the January to November period this year, the throughput at Shanghai port totaled 404 million tons, up 16.6
      Xinhua  -  102 words
    • 54 17 [COPENHAGEN] Two bulk carriers collided on Tuesday night in Danish waters. Denmark's TV2 reported on its website. Liberia registered 'Ziemia Lodzka' had minor damage from the collision. Jamaican-registeredfreighter "Vertigo' (foreground in picture) listed after the impact. Twenty-three seamen were evacuated on Wednesday but no one
      AFP  -  54 words
    • 302 17 Bloomberg [HONG KONG] China Shipping (Group) Co. China's second-largest shipowner, will pay as much as HK$lB5 million (5540.2 million) for a 5 per cent stake in Xiamen International Port Co. which operates the country's seventh-largest container port. China Shipping agreed to
      Bloomberg  -  302 words
    • 435 17 Bloomberg lOSLO] General Maritime Corp (Genmar), the secondbiggest US oil tanker company, rejected a US$l.5 billion takeover bid from Frontline Ltd, saying it was too low, and adopted a plan to deter further offers for the company. Frontline offered US$39 per share, according to a
      Bloomberg  -  435 words
    • 711 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR NFITHFR general maritime law nor US legislation precludes a shipowner from suing a seaman employed as a mate on its vessel for negligently causing damage to the vessel, a US appeals court ruled last week. The
      711 words
    • 283 17 AP [BRUSSELS] About 45 billion euros (SsB9 billion) needs to be spent improving transport links between the European Union and neighbouring countries to enhance international trade, a group of experts said on Wednesday in a report for the European Commission. The group recommended
      AP  -  283 words
    • 290 17 SGX *000 Dec! S$ W- Vd CH Offshore A37 -0.01 320 Oman Hup 0.38 unch 1619 Cotco Corporation... 230 -0.02 2*54 CWT Distribution 0J1 0.01 20 EzraHldgi 1.43 -0.01 410 FraightUnks... JJ6 -0.01 539 Grand Banks Yacht.. .0.89 unch 0 Java Holdings 1.22 -0.02 7116 K (Ventura JJ2
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    • 187 17 POWER BARGE FOR SALEI I SOHz/MMW/HFO Fuel |fl Ungtli Overall: M meters (2270 I L Bum (moulded): 26 meters (SS.S*) I I Depth (at (Ida): 4.2 maters (11*) a I Draught (estimated): 1.6 melon (5J5*) I We are inviting potential purchasers to submit indications of interest to purchase I a
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  • EDITORIAL & OPINION
    • 520 18 EDITORIAL THERE is growing evidence that the relaxation of mortgage financing rules earlier this year has not translated into a sharp spike in demand in the property market. And that although real estate developers may differ is a good thing. Back in July, the government
      520 words
    • 1618 18  -  A change of mindset is needed if grouping is to speed up integration and stay competitive By DENIS HEW NNHpMH HE proposed Asean Charter is expected to set out the longer-term direction for the grouping. In terms of regional economic integration, that long-term direction and
      REUTERS  -  1,618 words
    • 784 18  -  THE BOTTOM LINE ROBERT SAMUELSON THE price of gold passed US$5OO an ounce last week, its highest level since the late 1980s. This is either an ominous development or it isn't. You can make the case that higher gold prices (up 23 per cent
      784 words
    • 961 19  -  It's to fulfil development promises, not just salvaging Doha By PRADEEP S MEHTA IN the run-up to the World Trade Organisation (WTO) Ministerial meeting in Hong Kong next week, hectic parleys have continued among key ministers to try and get a deal on the
      AFP  -  961 words
    • 530 19  -  LETTERS TO THE EDITOR Kevin Shum Director Social Support Division 1 Ministry of Community Development, Youth, and Sports I refer to Leong Sze Hian's letter, "Are the needy being helped fast enough?" (The Business Times, Nov 30). TJie 74,000 records in the Com Care database are
      530 words
    • 327 19  -  Jonathan Gressel Agricultural Counselor US Embassy, Singapore I write to correct the information conveyed in Harish Mehta's Dec 2 article "US Beef Unsafe? It's Not Just Bull". His article reflects a particular perspective and does not incorporate the readily available lnformation that reftites his. claims. Mr
      327 words

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    • 448 19 i J >-iflBflb < *JHBMMfc< v V*> HAVE YOUR SAY Fax your letters to 6319-8277 or email them to LAIAMAMAML ->- Diienervtpn.com.sg or write to: The Business Times, SPH HQ, 1000 Toa DmmIi l|,.,|i, I rayon Norm, rooiuro Ltvti 3, Singapore *****4. We need your full name, address and telephone
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  • 10356 20 m» luwuuuiMuuujujwujiui wmmmmim mm m msmmm mmnmimmmaimmmmm mmm mmmmmm SGX MAINBOARD 52 WV Tel Last Vol Day Last Quote GrOiv Olv GrVM Net MCap High low Code Company Sale ('000) High Low Buyer Seller Cvr P/t Smll 7 5 2 5716 1st Software 5< 3 +0.5 1 3
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  • 6209 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool curr hi St tm USS dy yr dy %yw dy %yr 0<k 1 Index Change Change Ogngt Oggt Change Ornge World Inden Pielimmary %SI 0.1 137 OJ 104 02 69 4 lAff Preliminary 9540 0.1 23.5 <L2 11.7 -OJ 87 Europe
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  • Page 22 Advertisements
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    • 349 22 R DONGNAMA LINEI aoirtiiiiMMi MhViiih "H VBSE ffVHT WHO VOT [$6P HM MC PIS MARCAttMA 003N 14/lt 11/1! 11/11 M/ 11 zofGum oi in li/ii is/ii M/ii n/ii AKfANOPMSS SOM ]»/n| 01/01 M/ 01 M/ 01 vissa (evbt sim) vot sap mo KOUHASI HAS4II 11/11 IS/11 KonNMUN Nun) li/ii a/ii
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    • 1385 23 www.homburgsud.com ASIA SERVKE SUNG 1 (EXPORT) ASIA SERVICE SUNG 2 (EXPORT) ETA ETA Vwml/Voyi* SINGAPORE DORIAN SEPETIM SANTOS ITAJAI PARANAOUA Vmd/Vtyty SINGAPORE WENOS AIRES RtOGRANOE SANTOS SEPETWA Cap Bonovreta SOSW 14/1? 25/12 04/01 05/01 07/01 08/01 Cop Maleas 515W 10/12 02/01 05/01 07/01 00/01 NYK Es*elo 002W 21/12 01/01 11/01
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    • 1165 23 VESSEL VOY SIN iff HKG KHH IWC KYH PUS VESSEL TOY TIT JKT SUB HKG USN PUS HY BRIDGE IMS IS/1? 17/12 23/12 24/12 M/ 1? 21/12 21/12 KMTC PUSAN SMS 11/12 14/12 15/12 20/12 24/12 25/12 HY VLADIVOSI 149S 22/12 24/12 29/12 31/12 2/1 VI 4/1 KMTC SINGAPORE 517S
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    • 650 23 m StOHTA WEEKLY EXPRESS SAILING SCHEDULE I" ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS! VKSn 1 VOY I SH IpJUANcIcOLOWM) IIISHfVA IcOUMMO I I, I Aiso acoptmg fq to com* tutkomn m coumhoi and undu i go* I (VW N SHIVA) OONNKIMG MOTHBI VSIS TO HMR (FBIXSTOWI ROTTHDAJIJ
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 8672 25 ETA ETA Advertiser Vessef Voyage Telephone ETA ETA A (tv either Vessel Voyage Telephone SIN Dest'n Name Name Number' Number SIN Desfn Name Name Maker Number 05/01 12/01 NGPL CHEKIANG 86S *****288 To ABIDJAN (ABJ) 2003 Cote D'lvoire To BINTULU (BTU) 2051 Malaysia 17/12
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    • 345 25 HMoi'dana (Asia) Pie Lid 70 Slwnton Woy, *21-03 Morino Hw»» Smyywo *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATS ARE ARRIVAL DATES VESSEL VOY Si»qop<xc Frw—life Cocas Iriwd Cfcristwos I stead Porir CiJwg Island Express 1E503 X 19 Pet 29 Pet 01 Jon 07 Jon
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    • 313 25 FREIGHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 SOUTH AMERICA Cr CHILE AQABA BUENOS AIRES SANTOS RIO GRANDE RIO DE JANEIRO VALPARAISO CALLAO CANADA ALEXANDRIA MALTA MAHE GENOA PANAMA CEBU DALIAN HONG KONG JAKARTA flCnrf QINGDAO SHANGHAI SURABAYA 4, r* Booking Hotlines
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  • executive lifestyle
    • 584 27  -  off the cuff jaime ee DEAR Famous Pianists and all other draft dodgers, It has come to my attention that there are several of you who might be trying to come back to Singapore and thought your biggest obstacle was the government. Now, you know this to
      584 words
    • 1481 27  -  The need to network stylishly for business and pleasure has given rise to niche organisers of networking events, reports PARVATHI NAYAR PARVATHI NAYAR THE phone beeps, as promised, at 6pm on a Saturday evening. You read that appetisers await at 6.30 pm at
      ARTHUR LEE; FILE PHOTO  -  1,481 words
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  • CHRISTMAS SPECIAL
    • 1841 28 Gifts to make you go 'wow' Yes, we want peace on earth, goodwill to all men and more time for friends and family. But we also want the latest Xbox (tough, unless you were one of the lucky few who snagged one over the Internet),
      1,841 words

  • CHRISTMAS 2005
    • 554 29  -  CORINNE KERK suggests how you can shine at that end-of-year party CORINNE KERK CHRISTMAS is coming and so are the yearend parties. Whether or not you're clear about the real reason for celebrating Christmas, you've got to admit it's a great time to bring on the
      554 words
    • 584 30  -  VEN SREENIVASAN on some of the latest products in the market that are bound to improve your style, if not your game VEIN SREENIVASAN JV XlB Driver: The composite crown lowers the centre of gravity and enhances the ball trajectory. Callaway's SP7OO Hot Face
      ARTHUR LEE  -  584 words
    • 874 31  -  Forget the poinsettias; use local flora in festive table settings. CHEAH UI-HOONn finds out how CHEAH UI-HOON IT'S always a bit decorating the home for Christmas in the tropics. Go for tne white Christmas look and the decorations would be out of sync in our perennially
      YEN MENG JIIN  -  874 words
    • Article, Illustration
      196 32  -  ROLAND LIM and CHRISTOPHER LIM line up some of the ROLAND LIM, CHRISTOPHER LIM MORE THAN JUST A PHONE If you want a mobile phone that screams "designer", look no further than Vertu's Signature Diamond Platinum. For $62,000. you'll get a work of art set with a
      196 words
    • 223 33 hottest gadgets available. And find out from people in the industry what they hope to find under the Christmas tree BE THE IPOD DJ If you're an iPod owner, Numark's new iDJ could be the ideal outlet for your fantasies of being a big-time disc jockey. The
      223 words
    • 557 33 Terry Clontz, chief executive officer, Star Hub 'When I am travelling, I would still be able to watch some of the Star Hub TV channels on my laptop in any hotel room if 1 had the Slingbox Personal Broadcaster (about US$25O). It is a small box
      557 words
    • Article, Illustration
      828 34 Marmalade Pantry: Marmalade Pantry's Christmas Hamper comes in three versions the Christmas turkey hamper ($180) is Christmas dinner in a basket, complete with roast turkey, cornbread stuffing and all the trimmings. For stuff that will last longer, the $220 and $300 versions feature its signature fruit cake, home-made
      828 words
    • 317 34 I am very keen to give my son George a set of real golf clubs, the trouble is that he is only 18 months old and perhaps isn't quite ready for them! My wife Annabel fell in love with a beautiful Vietnamese painting by Hoang
      317 words
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  • Page 32 Advertisements
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  • Page 34 Advertisements
    • 80 34 if HOWARDS 9 Mi 9 STORAGE WM WORLD* 9 RETAIL FRANCHISE EH OPPORTUNITY H Howards Storage World® is a retailer selling "fegHI all forms of storage and organisational products for the home and office. Our Singapore flagship store opened in January 2005 at Parkway Parade. WE NOW SEEK FRANCHISEES TO
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  • FESTIVE DINING
    • 1746 35  -  For that festive spirit, nothing adds to the mood more than the flavours and smells of classic yuletide dishes like traditional roast meats of turkey, beef, goose and ham, and the delectable sight of creamy log cakes and rich fruit cakes. CHEAH Ui-HOON suggests
      1,746 words
    • 188 35 'My number one wish: quality time with the family. Having to travel extensively due to my work, I've spent more than 200 nights away from home, so weekends at home have become far more important than ever. I've granted that wish myself by taking a
      188 words
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    • 36 35 < i;-|f -v• A QUIET CELEBRATION WITH A FRIEND OR TWO. A SHARING OF THE SEASON'S BEST AS SHARP AT BUSINESS OR AT PLEASURE Festive gift ideas now available at all Royal Selangor stores in Singapore. 'V'S
      36 words

  • CHRISTMAS BOOKS
    • 1076 36  -  It's an old favourite that stays evergreen: books as year-end gifts, especially coffee-table and hardback books. In other words, books that are beautiful to have and keep as objects in themselves, but also represent a guilty pleasure that you'd prefer to receive as a gift than
      1,076 words
    • 527 36 'I have a pair of 10-year-old bedroom slippers made of suede from Gucci, and they are so comfortable, but the inside has become tattered and torn. Actually, what I would really like is for me to wake up one morning and have them be magically
      527 words

  • WINE/ARTS
    • Article, Illustration
      849 37  -  There is a range of excellent red and white wines to match your Christmas dinner, even if you are serving spicy dishes, says N K YONG N K YONG PLANNING the wines for dinner is always a pleasure. Champagne is a natural choice for a starter. At one
      849 words
    • 552 37  -  MUSICAL By CHEAH UI-HOON HAVING gotten the formula right for its past two Christmas pantomimes the exaggerated localisation of a foreign play, improvised comedy, cross-dressing actors, satire, slapstick and double entendres Wild Rice confidently takes the pantomime beyond mere entertainment with a more
      552 words
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  • Page 37 Miscellaneous
    • 194 37 CRYPTIC CROSSWORD DOWN 1 Weightlifter found on bowl- of intellectual lady (12) YESTERDAY'S SOLUTION ,ng-green (4) 13 Open but too proud to take Across: Wedding rnarch/ 8 Ani 2 Persuade a steersman out (4) lodgers;' (b-b) ta g Loved ones 1 1 Be) towerj 12 3 Daydreamer who is easily
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  • ENTERTAINMENT
    • 677 38  -  LIVE SHOWS The nude stage show is to a strip joint what fine dining is to fast food, discovers GEOFFREY EU GEOFFREY EU SINGAPORE'S live entertainment scene came of age (R2l age. that is) in suitably spectacular fashion earlier this week when the naughty-but-nice nude
      677 words
    • 591 38  -  CINEMA By PARVATHI NAYAR ROUND it goes, "like a circle in a spiral, like a wheel within a wheel" or a story within a story. That's Perhaps Love, a film within a film where the lives of the characters onscreen resonate with
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    • 112 38 250 YEARS OF UNINTERRUPTED HISTORY... /gg Blip k.lB %fW7 jf V&A- K jr •<* 8 RdF W ■>C v Jl JHMBP»' T*- :fmmjA M ~£,7M > Hi ♦m, A I > PATRIMONY A jjy I Hand-wound mechanical movement. f 9 Hallmark of Geneva, Apertured caseback sapphire 18K yellow gold '^BSStj^^^^^m
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