The Business Times, 13 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
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Tuesday, December 13,2005
    15 words
  • 507 1  -  ASEAN SUMMIT Action needed in face of competitive pressures By NANDE KHIN in Kuala Lumpur PRIME Minister Lee Hsien Loong yesterday urged fellow South-east Asian leaders to forge ahead with integration of Asean through further economic liberalisation and accelerating plans for a
    507 words
  • 135 1 Dsn 2,331.40 (+10.30) ST INDEX FUTURES 2,333.00 (+10.00) siMsa 275.02 (+0.69) SIMSCI FUTURES 276.10 (+0.60) MARKETS Monday Change KLSECOMP 897.01 -1.29 NIKKEI 225 15,738.70 +334.65 HANG SENG 14,984.40 +73.89 SET INDEX Closed JAKARTACOMP 1,175.01 +14.94 MANILA COMP 2,101.40 +1.15 SEOUL COMP 1,333.23 +15.81 SHENZHEN B 190.06 +0.37 MUMBAIIND
    135 words
  • 614 1  -  Exclusive partnership with owner of major conventions facilities is good strategy, say sources By ALEXANDRA HO [SINGAPORE] In one fell swoop, the consortium of Harrah's Entertainment and Keppel Land bidding for the Marina Bay integrated resort (IR) has guaranteed itself access to
    614 words
  • Page 1 Advertisements
    • 27 1 pi SME SPOTLIGHT Homegrown golfing company is in the MORE REPORTS Asean, Russia ink cooperation pact PG 2 Grouping to study faster economic integration PG 2 8
      27 words
    • 38 1 JOBS S'pore employers more upbeat on hiring PG2 IPO WOES Macquarie real estate fund postpones $676 m IPO PG 4 Keda Comm and Sunpower issue profit warnings PG 4 -i Oceanus extends share offer after snowstorm PG 4
      38 words
    • 164 1 COMMENTARY Quadrato Time Perpetual A 1 m, Hmhb ~*H Mechanical Perfection Contemporary Aesthetic The only perpetual that adjusts back- and forward from a single crown, even in the year 2100. The hour hand jumps instantly to a new local time with pushers or Dual Time THE ARROW HAND KEEPS TRACK
      164 words
    • 8 1 PROPERTY GuocoLand ups price of Raterson Residence PG3O
      8 words

  • TOP STORIES
    • 671 2  -  Survey points to moderate pick-up in recruitment during Q1 next year By CHUANG PECK MING [SINGAPORE] Employers in Singapore are a tad more upbeat in stepping up hiring in the next three months than they were this time last year, as the competition for
      671 words
    • 549 2  -  By NANDE KHIN in Kuala Lumpur MINISTERS and senior officials of Asean were yesterday charged with speeding up the creation of the proposed Asean Economic Community (AEC) by five years. A statement on the 11th Asean Summit sessions, which took place in Kuala Lumpur,
      549 words
    • 651 2 Deutsche Asset Mgt launches $200 m fund DEUTSCHE Asset Management yesterday announced Singapore's first small and mid-cap mutual fund, a development that is predicted to inject liquidity into a neglected sector of the market. The firm is seeking $200 million for the DWS Singapore Small/Mid Cap Fund, after
      651 words
    • 744 2  -  China, India and South Korea also seek closer regional integration By NANDE KHIN, PAULINE NG in Kuala Lumpur ASEAN and Russia yesterday signed a separate pact for a multi-faceted economic. cooperation at the same time as leaders of other Asean dialogue
      REUTERS  -  744 words
    • 405 3  -  Local and foreign carmakers fear competition after bilateral trade deal By S JAYASANKARAN in Kuala Lumpur MAIAYSIA and Japan will sign a so-called Economic Partnership Agreement essentially a free trade area pact that incorporates services, investment and cooperation on the sidelines of the
      405 words
    • 581 3  -  It has raised less than $10m of the $200m target By TEH HOOI LING (SINGAPORE] Deutsche Asset Management yesterday announced Singapore's first small and mid-cap mutual fund, a development that is predicted to inject liquidity into a neglected sector of the market. The firm
      581 words
    • 539 3  -  Round-the-World Yacht Race. Leg 3, Race 4, Day 15 By Jonathan Herod Clipper Ventures onboard the Liverpool Clipper WELL, the wait goes on. It's a bit like sitting outside the headmaster's office waiting for him to return and dish out your punishment, wishing you had put on some
      Clipper Ventures  -  539 words
  • Page 2 Advertisements
    • 35 2 If you are interested to make money, develop people and live an Wm amazing life... COACHING CHAMPIONS" *W A Professional Coaching Certification Course ...is for you!!! For more information, please call 6338 5669 info@DifferWorld.com www.DifferWorld.com
      35 words

  • Page 3 Advertisements
    • 28 3 I 1 Thf. Luxury of Time Redefined at Cortina Watch GP GIRARD-PERREGAGX Laureato F-W Chronograph Final Edition Ferrari F40 Limited to 20 pieces in Singapore <o> Cortina watch
      28 words

  • COMPANY NEWS
    • 696 4  -  IPO WOES Miref IPO appears to have been hit by recent slew of large equity fund raisings By LESLIE YEE ONE of the largest equity raisings planned for the Singapore market this year the $676 million initial public offering (IPO) of Macquarie International
      696 words
    • 270 4  -  By LESLIE YEE SINGAPORE'S largest bank, DBS Group, is intent on expanding its business catering to affluent customers in Singapore and the region. DBS Treasures Priority Banking intends to continue its record of double-digit growth in numbers of customers and assets under
      270 words
    • 474 4  -  By WONG WEI KONG TWO companies which were listed only earlier this year Keda Communications and Sunpower Group issued profit warnings yesterday. Both cited project delays and higher expenses, but observers say some in the market may still see the twin developments as further
      474 words
    • 507 4  -  By SIOW LI SEN OCEANUS Bio-Tech Holdings yesterday announced that its share offer would be extended to Dec 15, while it assesses the impact to its facilities and operations from the snowing in Weihai, Shandong province, where its 6,000 fish tanks are. The offer
      REUTERS  -  507 words
    • 385 5  -  Key buyers said to be Lion Capital, 40m shares; Fidelity, 30m shares By ANGELA TAN SINGAPORE Telecommunications has placed out 95 million Singapore Post shares or a stake of about 5 per cent for $105.2 million as part of its divestment strategy to
      385 words
    • 642 5  -  HOCK LOCK SIEW By ANGELA TAN SINGAPORE Telecommunications yesterday disclosed that it had disposed of 95 million shares, representing a 5 per cent stake, in Singapore Post for a total of $105.2 million. Sing Tel said that the move was part of divestment plan, after
      642 words
    • 311 5  -  By ALEXANDRA HO GENTING International ended its first day of trading on the mainboard of the Singapore Exchange yesterday on a high finishing at 38 cents, 8.6 per cent up from its issue price of 35 cents. When trading started at
      ARTHUR LEE  -  311 words
    • 741 6  -  Probe shows bogus business falsely inflated earnings for two years By MICHELLE QUAH A SPECIAL investigation into suspicious transactions at Accord Customer Care Solutions (ACCS) has confirmed that the company did indeed fabricate a business, while under the reign of former CEO Victor Tan in
      741 words
    • 324 6  -  By WONG WEI KONG A SPECIAL committee set up to review corporate governance at China Aviation Oil (Singapore) has .completed its work and submitted its recommendations to the board. CAO said yesterday that it has received a written report from the Corporate Governance Assessment Committee,
      324 words
    • 161 6 A-SONIC Aerospace boss Janet L C Tan's deemed interest in Air Ocean went up by nearly 1 per cent last Friday as Janco Strategic Biz upped its stake in the freight forwarder from 7.42 per cent to 8.34 per cent Janco Strategic Biz is a unit of
      161 words
    • 3838 6 UNIT TRUSTS FUNDS Deutsche Mia EqtyFd CI A USD 0.7781/ Frst Stale Gfc Resarces USt *****/ DWS SGP smaltaxdCap A SGO 1.0121/ 1017ft AsianGro, ,hl *****/15.645 1.012® CNneseGrow*!" 21 996/23-277 8 050 0.6017/ Global Fwed Income 9282/9.57 fideflhftaactmenti (S'pore) ltd CFf FMdi Global Growth" 186/9376 FidefctydQrio SGO r 7.9606/ Global
      3,838 words
    • 242 7 MAINBOARD-LISTED Jacks International yesterday announced that it will sell its entire 56 per cent stake in William Jacks pic to the Sytner Group for £5.62 million (5516.46 million), or 91 pence a share. William Jacks is listed on the Alternative
      242 words
    • COMPANY BRIEFS
      • 57 7 JACK Investment has awarded a $54.4 million contract to Sim Lian Construction (SLC), a wholly owned subsidiary of Sim Lian Group, for the redevelopment of the Kallang Leisure Park. The contract is SLC's maiden project in the commercial sector. It is scheduled to begin
        57 words
      • 122 7 ASCOMM Holdings, which plans a listing on the mainboard, yesterday lodged its preliminary prospectus with the Monetary Authority of Singapore (MAS). Established in 1997 by Singaporean Alex Choi, the Hong Kong-based company is a distributor of electronic components to customers in the telecommunications (corded
        122 words
      • 111 7 SINGAPORE Shipping Corporation (SSC) is buying up an additional 50 per cent interest in associated companies from Mitsui OSK Lines (MOL). SSC will purchase 250,000 shares for 1.15 million in Orchid Bunkering and the same number of shares in Orchid Tankers for $1.26
        111 words
      • 37 7 ISDN Holdings Ltd, which provides motion control and industrial computing solutions, has established a joint-venture company, Eisele Asia, in China with Eisele Antriebstechnik GmbH to manufacture precision motion control components.
        37 words
      • 105 7 MAPLETREE Logistics Trust (MapletreeLog) has through its trustee, HSBC Institutional Trust Services (Singapore), signed a put and call agreement to purchase Tang Logistics Centre at 10 Changi South Street 3 for $20 million from Tang Logistics Centre Pte Ltd. The property is expected to generate
        105 words
      • 48 7 Reuters NEPTUNE Orient Lines, the world's sixth-biggest container shipping line, carried 3 per cent more cargo on its ships for the four weeks to Nov 18 than a year earlier as it profited from rising global trade, NOL said in a statement.
        Reuters  -  48 words
    • 494 7  -  Some shareholders voice displeasure with central bank for scuttling deal By S JAYASANKARAN in Kuala Lumpur IN what turned out to be an anti-climax, Southern Bank shareholders yesterday adjourned a controversial vote on the RM2.I billion (***** million) acquisition of Singapore insurer Asia General
      494 words
  • Page 4 Advertisements
    • 679 4 :+at^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SINOGAS HOLDINGS PTE LTD (Co. Reg. No. *****13I4D) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING UP (PURSUANT TO SECTION 290) At on Extraordinary General Meeting of the members of SINOGAS HOLDINGS PTE LTD duly
      679 words
    • 525 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF DESIGNTOPRESS PTE. LTD. (Company No: *****3702K In Members' Voluntary Winding Up) The following Special Resolutions were passed by written means by shareholders on 12th December 2005:- 1) Resolved that the Company be
      525 words
    • 566 4 INFORMATICS HOLDINGS LTD (Company Registration Number *****3419G) NOTICE OF BOOKS CLOSURE DATE FOR ADJUSTMENTS TO THE TERMS AND CONDITIONS OF THE WARRANTS 2004 OF INFORMATICS HOLDINGS LTD (THE "COMPANY") IN CONNECTION WITH THE RIGHTS ISSUE Unless otherwise stated, the capitalised terms not defined herein shall have the same meanings ascribed
      566 words

  • Page 5 Advertisements
    • 424 5 I 8 Resort Land Parcels I I For Sale/JV Phuket, Thailand I *20 minutes from Phuket International Airport I I *15 minutes from JW Marriott Resort Spa *18 minutes from Blue Canyon Golf Club I u Ocean Front, Lakeside, Riverside, Mountain View I I land parcels ranges from 12 to
      424 words

  • Page 6 Advertisements
    • 45 6 •life *&!>■%*• SW < Allianz Global Investors one of world's top five asset management groups' Allianz (Sly L V'-- with more than US$1.45 trillion'' of assets under management. Global investors Source: Watson Wyatt. As at 31 December 2004 As ai 50 June ?005 company repn no iwo7if
      45 words

  • Page 7 Advertisements
    • 94 7 can assist you with offshore structures, shelf companies and incorporations in ALL I^l jurisdictions including: wF/ British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information
      94 words
    • 199 7 <r.Cr•*.•••! 1 is t,- '>•'< v if 1 V;; v -V .-:-4 i\ ,P': y v V* if'' -V v '< K ;br 1* g .V' > vvS'i'V.'' %'m. f <*. v v'.ifirp i jury f niir,'# <0\ 1 i* i m M mmtM UmM m 9^l I I m
      199 words

  • SINGAPORE MARKETS
    • 486 8  -  STOCKS Market led by stocks of Jardine stable, banks, property and technology counters TEH HOOI LING Senior Correspondent IN line with the performance of all the regional markets yesterday, the Straits Times Index advanced 10.3 points, or 0.44 per cent, to 2,331.4 points.
      Source: Bloomberg  -  486 words
    • TRADES TO WATCH
      • 402 8 CHINA-BASED Junma Tyre Cord's chairman has raised his stake in the Sesdaq-listed company. Following a transfer from former executive director Jiang Jianping of 12.5 million shares last Friday at 0.8 yuan a share, Yang Peixing's direct interest has gone up to 18.39 per
        402 words
      • 148 8  -  By AMIT ROY CHOUDHURY TWO directors of Sesdaq-listed Darco Water Technologies, Lee Sue Lin and Teh Swee Heng, sold a total 0f300,000 shares on the open market last Friday in separate transactions, a day after the company said it won a deal
        148 words
    • Article, Illustration
      428 8 OTHER SINGAPORE INDICES Dec 12 VALUE CLOSE BT OB/OS -28.00 -20.00 BTCADI -*****.00 -4.00 BT 10-day MA -*****.00 -3.00 AH-SG Equities 592.89 +0.62 SG Equities Elect 127.91 +1.56 SG Equities Fin 1705.47 +7.20 SG Equities Prop 704.62 -0.99 SIMSCI 275.02 +0.69 SiMSCI Futures 276.10 +0.60 MOST ACTIVE STOCKS VOLUME Gen
      428 words
    • Article, Illustration
      946 8  -  Compiled by UMA SHANKARI I Singapore Telecom Dec 12 close: $2.56 KIM ENG RESEARCH, Dec 12 SINGTEL has placed out 95 million Sing Post shares for $105.2 million or $1.15 per share. This will cut its stake in the associate from 30.85 per cent to 25.87 per cent.
      Source: Bloomberg  -  946 words
    • 544 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar came under heavy fire in Asia yesterday, as fears grew that the US central bank may put out some kind of signal tonight that shortterm US interest rates could soon peak. And once again, precious
      Source: Reuters  -  544 words

  • SINGAPORE NEWS
    • 537 9  -  The Mercedes-Benz cabs have petrol engines that can also run on gas By SAMUEL EE MERCEDES-BENZ has launched Singapore's first commercially operated taxi powered by eco-friendly compressed natural gas (CNG), with Smart Automobile becoming the biggest operator of such vehicles in Asia. The first
      537 words
    • 555 9  -  This year's showing unlikely to match 2004 levels: players By RONNIE LIM [SINGAPORE] Singapore refiners saw margins dip in October-November, but they still expect to close the year on a firm note, especially with oil demand and prices starting to climb again
      555 words
    • 404 9  -  By KALPANA RASHIWALA IT MAY be the holiday month of December, but the owners of Eng Lok Mansion next to Gleneagles Hospital are letting it be known that their property is available for collective sale. The property could fetch about $100 million or even
      404 words
    • 560 9  -  By GENEVIEVE CUA THE present gold price of more than US$5OO is only half the level the yellow metal will be reaching in a few years, says new research. BCA Research says that although gold is "vulnerable to a sharp correction", the
      Source: Bloomberg  -  560 words
    • 385 9  -  By SIOW LI SEN IT'S still a trickle, but the Middle East is beginning to make itself felt in Singapore's financial markets. Yesterday, Abu Dhabi Commercial Bank (ADCB) launched a $80 million bond issue, the first Singapore dollar bond issue from the
      385 words
  • Page 9 Advertisements
    • 1949 9 NOTICE OF ANNUAL GENERAL MEETING Company Reg. No. *****2051G NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Orchid Country Club, Sapphire Suite I, 1 Orchid Club Road. Singapore *****2 on Fnday, 30 December 2005 at 9.30 am to transact the following business:AS
      1,949 words

  • SME spotlight
    • 814 10  -  OAAG also looking at South African, Middle East markets, reports NANDE KHIN NANDE KHIN Homegrown golf membership company Organisation of Asian Amateur Golfers (OAAG) has plans to set up in Latin America next year and Europe the year after, according to its CEO
      814 words
    • 663 10  -  For its founder, Ichiban has come a long way in establishing itself as a household brand. OH BOON PING reports OH BOON PING LIFESTYLE products maker Ichiban is aiming to be the world's leading trendsetter for consumer appliances through its "Ichiban" philosophy,
      YEN MENG JIIN  -  663 words
    • 645 11  -  Homegrown KK Asia is expanding, with possible factories as far as in Italy, reports UMA SHANKARI UMA SHANKARI PLASTICS recycling may not be glamorous in the least, but it can be a multi-million dollar business. Just look at home-grown recycler KK Asia, which is a
      YEN MENG JIIN  -  645 words
    • 637 11  -  SMALL CAPS And DP Info says third-party private bodies can do this best, reports NANDE KHIN NANDE KHIN IN HELPING small- and medi-um-sized enterprises (SMEs) grow their external wings, greater focus should be placed on linking a company to a specific business
      637 words
    • 345 11  -  By TEH HOOI LING GAINS in WBL, Stamford Tyres and Bonvests held up our small-cap portfolio, giving it a 0.2 per cent gain compared with a 1.4 per cent fall in the UOB Sesdaq Index. WBL was re-rated recently by a few analysts. Kim
      345 words
    • 997 12 PARTICIPANTS in the roundtable Moderator: Uma Shankari, BT reporter Panelists: Goh Kai Kui, CEO of Goh Joo Hin Alson Teo, CEO of Stamfles Food Management Xavier Chew, business development manager, Sitra Holdings Annie Yap, managing director, GMP Group OVERVIEW INTEREST rates are on the way
      997 words
  • Page 10 Advertisements

  • Page 11 Advertisements
    • 41 11 —jji" 1 ~i!i 1 'V" ij ;»TP 'r Excellence Award Others just look for the Award. employers are to commitments. employers have engaged and motivieted employees, happy customers and enhanced business performance. Apply See www.wleaward.com.sg for more by the on Strategy
      41 words

  • Page 12 Advertisements
    • 65 12 Let your financial ambitions flight with Crec it Suisse. <-»W r Jr CREDIT FIRST SUISSE BOSTON t fcr Our global vision and in-depth Asian insights enable us to deliver tailored financial solutions to meet your needs. So wherever you are in the world, take flight with Credit Suisse. www.csfb.com CSFB
      65 words

  • ECONOMY WATCH
    • 504 13 WTO CONFERENCE HK moves to make the territory violence-free during conference [HONG KONG] Trade powers yesterday promised steps to help poorest nations sell more goods, while Europe came under renewed pressure to give ground over farm tariff barriers on the
      AP  -  504 words
    • 404 13 Bloomberg [KUALA LUMPUR] Indonesia's central bank will be able to cut interest rates in the second half of 2006 as inflation caused by government fuel price rises starts to ease, Trade Minister Mari Pangestu said. Inflation "will still see some one
      Bloomberg  -  404 words
    • 500 13 AFP [GENEVA] The following issues are central to the deadlock in the Doha Round talks among the 149 World Trade Organization (WTO) governments. Farm trade This accounts for just 10 per cent of global commerce but is of enormous importance to the economies
      AFP  -  500 words
  • Page 13 Advertisements
    • 268 13 International Enterprise Forum (IE Forum) is Asia's premier event on internatjonalisation that brings together today's most respected thought leaders and entrepreneurs to shed light on the strategy of bringing local businesses to the world. j IE Forum 06 will feature international business guru Ram Charan, co-author of the best selling
      268 words

  • MALAYSIA/INDONESIA
    • 443 14  -  S'pore award is its first outside M'sia and boosts hopes for more deals By S JAYASANKARAN in Kuala Lumpur MALAYSIAN oil and gas company Dialog Group broke a three-year drought by snaring a RM2BS million (S$ 127 million) contract to construct a fuel oil
      443 words
    • BRIEFLY ASIA
      • 94 14 AFP [KUAI.A LUMPUR] Playboy Enterprises, the company behind the Playboy magazine empire, yesterday said it will open a store in Malaysia, even though the raunchy publication is banned here. But anyone looking for sex-related products will be disappointed the store which opens at
        AFP  -  94 words
      • 60 14 Reuters [NEW DELHI] The Indian government has identified 10-15 profit-making state firms for share sale and hopes to raise 40-50 billion rupees (Ssl .5-1.8 billion) through the process, a finance ministry official said yesterday. The firms include state-run telecoms giant Bharat Sanchar Nigam
        Reuters  -  60 words
      • 59 14 Reuters [NEW DELHI] State-run Indian Oil Corp plans to sell a quarter of its 9.1 per cent stake in explorer Oil and Natural Gas Corp by March, lOC's director for finance, S V Narasimhan, said yesterday. This would help lOC, India's largest
        Reuters  -  59 words
    • 654 14  -  INDONESIA INSIGHT Breaking impasse will make immediate impact on foreign investment community SHOEB KAGDA Jakarta Correspondent WHAT a difference a week makes. In the seven days since President Susilo Bambang Yudhoyono appointed former finance minister Budiono to head his economic team, the rupiah has recovered strongly
      654 words
    • 336 14 Bernama [KUALA LUMPUR] Former Malaysian prime minister Mahathir Mohamad said he was still figuring out whether he had made a bad decision by implementing mega projects in the country during his premiership. He said he still could not find
      Bernama  -  336 words
    • 2265 14 Bwwmmw ot nWI Genting 19.90 -0.30 HO George Kent 058 unch 8 A8M Realty 147 unch 4 GHL Systems A10 u*h 568 A"*-- 030 31 GlobetronicsTadi ....0.33 i>idi 670 ACPInutncs 0.69 unch 0 GlomacBhd 106 -004 111 Acfcance Synergy A23 001 77 Gold Bridge Zo.11 unch 12 557
      2,265 words
  • Page 14 Advertisements
    • 635 14 :»ATci NOTICFS JL J 1 1 j 1 Toll fiee: 1800-289-8822 tni;nl notires' sph.com sc; LIANG HUAT ALUMINIUM LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****3779 D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Liang Huat Aluminium Limited
      635 words
    • 297 14 NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR YAMAGEN SINGAPORE (PRIVATE) LIMITED (Co. Rag. No. *****1087W) (Incorporated in tho Republic of Singapore) Take notice that Mr Lim Yeong Seng, CPA, Approved Liquidator of Kong, lim Partners, 111 A Telok Ayer Street, Singapore *****0 hot been appointed provisional liquidator of the above named
      297 words

  • GREATER CHINA
    • 441 15 Parent company to invest in CNOOC's former preserve upstream activities [HONG KONG] CNOOC announced that its stateowned parent would start investing in upstream activities, previously the exclusive realm of the Hong Kong and New York-listed company under a non-com-pete agreement, the Financial
      441 words
    • 211 15 AFP [BEIJING] China has prosecuted and punished nearly 50,000 corrupt officials over the past two years during an ongoing campaign against graft, official media said on Sunday quoting a senior state prosecutor. WangZhenchuan, deputy procurator-general of the Supreme People's Procuratorate, said the
      AFP  -  211 words
    • 337 15 Move will allow them to secure energy supplies Bloomberg [DUBAI] Indian and Chinese oil companies may invest in a US$6.4 billion refinery project in Kuwait as they seek to secure supplies of fuels, Kuwait's oil minister said. "We're inviting foreign
      Bloomberg; AP  -  337 words
    • 243 15 Bloomberg [HONG KONG] Dongfeng Motor Group Co, China's third-largest automaker, raised the size of its initial public offering by 15 per cent to HK54.57 billion (*****.5 million) to meet investor demand. The company sold an additional 372.48 million shares at HK$l.6O apiece, Dongfeng, based
      Bloomberg  -  243 words
    • 103 15 Bloomberg [BEIJING] China National Petroleum Corp, the nation's biggest oil company, agreed to explore for crude oil and natural gas off the coast of Libya, the Chinese government said. China National Oil Gas Exploration and Development Corp signed the agreement with Libya's National
      Bloomberg  -  103 words
    • 611 15 IT exports jump to US$180b against US$149b from US IHT [BEIJING] After almost a decade of explosive growth in its electronics sector, China has overtaken the US as the world's biggest supplier of information technology goods, according to a report by
      IHT  -  611 words
  • Page 15 Advertisements
    • 183 15 I^l -Paiii^4l' II iJ^Bl^^BHiWrniH I |/f//>^Jy HOTEL PHOENIX Ly/wufcnutJ I FESTIVE BUFFET LUNCH CHRISTMAS EVE NEW YEAR'S EVE BUFFET DINNER BUFFET DINNER 24 Dec. 6.30pm to 10pm 31 Dec. 6.30pm to 10pm $26.80+++ Adult I $18.80+++ Child $49.80+++ Adult $23.80+++ Child $49.80+++ Adult $23.80+++Ch»ld *l>Kluslveof*convlmnU>y gtMoTdaMMMer rrCTU/C Dl irrrr UirUTrA
      183 words

  • INDIA
    • 323 16 AFP [BANGALORE] India's high-tech capital, Bangalore, known worldwide as an outsourcing hub, will change name to reflect the local language and become "the town of boiled beans", the state chief minister said yesterday. The city in southwest India, capital of Karnataka, will officially use
      AFP  -  323 words
    • 283 16 Industrial Devt Bank of India a potential partner IMUMBAI] Fortis is negotiating to set up an insurance joint venture with Industrial Development Bank of India which, if sealed, would bring to an end several years of effort by the Benelux bancassurance group to
      283 words
    • 504 16 Worker shortages threaten country's lead in global offshore services [MUMBAI/NEW DELHI] India's information technology industry faces a shortfall of 500,000 professionals by 2010, threatening its dominance of global offshore IT services, the Financial Times reported, citing a survey to be published
      504 words
    • 410 16 AFP (NEW DELHI! The separation of India's civilian and military nuclear plants, key to a July deal with the United States on nuclear technology sales, is at an "advanced stage". Prime Minister Manmohan Singh has said. Mr Singh was quoted yesterday
      AFP  -  410 words
    • 211 16 Reuters [MUMBAI] India's largest CDMA mobile services provider, Reliance Infocomm, said yesterday it has signed a connectivity deal with China's top mainland fixed-line carrier, China Telecom. Reliance Infocomm said the agreement would lead to the first direct telecommunications connectivity between thfe two countries,
      Reuters  -  211 words
  • Page 16 Advertisements
    • 297 16 Diners Club Card To apply, ca*****6 0980 -A World of Exclusive Privileges Treats Diners Club LW InternationaT I A New Asian Tapas Bar Opens 19 December 2005 I EAT DRINK CHILL MINGLE ME*7E I •savor* •sip* •submerge* 'Share* every bite flamboyant newly evolved intimate alcoves for promises to be interpretations
      297 words
    • 111 16 Take your with this tall, dark and handsome model C Come experience the newly renovated Plata Brasserie Be smitten with ttie most tempting frr»eftow dessert buffet and tali In love with our magnificent chocolate fountain Euro Asian Buffet: i lunch (Daily) $28iAdulti i SI7 (Child) g Dinner (Monday Thursday' if
      111 words

  • ASIA-PACIFIC/WORLD
    • 462 17  -  Good financial education programmes will help strengthen financial markets By DANIEL BUENAS in Kuala Lumpur CONSUMERS of financial products need to be better educated to protect themselves, the head of the OECD, the Paris-based think tank, said in Kuala Lumpur yesterday. Good financial education programmes
      462 words
    • 402 17  -  By ANTHONY ROWLEY in Tokyo CASTING off the impact of a sharp but brief drop last week, the Tokyo stock market powered to a new fiveyear high yesterday after the clearing house of the Tokyo Stock Exchange said it would take the
      402 words
    • 382 17 NYT Reuters [NEW YORK] ConocoPhillips is in advanced talks to buy Burlington Resources, one of the largest independent oil companies in the country, for more than US$3l billion in the latest deal in the rapidly consolidating oil and gas industry, according
      NYT; Reuters  -  382 words
    • WORLD WATCH
      • 76 17 Reuters (STOCKHOLM] Ericsson's recent deal with 3 in the UK is worth more than 25 billion Swedish kroner (555.3 billion), its CEO Carl-Henric Svanberg said, according to Dagens Industi daily. "Those who have speculated the order is worth 25 billion Swedish crowns are
        Reuters  -  76 words
      • 76 17 Reuters [MANIIjM Philippine troops loyal to President Gloria Arroyo uncovered an attempt by rogue soldiers to seize power over the weekend, a senior military official said yesterday. Fresh talk of action by some elements of the military, before Christmas or early in the new year,
        Reuters  -  76 words
      • 51 17 NYT [NEW YORK] Three private equity firms are near an agreement to buy the Dunkin' Donuts chain for about US$2 billion, sources said on Sunday, deal with Thomas H Lee Partners, Bain Group and the Carlyle Group could be announced later yesterday.
        NYT  -  51 words
      • 63 17 Bloomberg [SAN FRANCISCO] Initial public offerings, boosted by larger deals, raised more money this year than last, according to a study. Initial share sales through November raised U*****.5 billion in 1,268 offerings compared with U*****.2 billion in 1,352 deals in the same
        Bloomberg  -  63 words
  • Page 17 Advertisements
    • 7 17 Report on the clipper race, Pg 3
      7 words
    • 366 17 ocearms BIOTECH Salient Highlights Proposed dividend comprising 30% of cashflow generated from operating activities for FY2005 and FY2006. Established track record in large scale aquaculture production of fish, and engages in continuing R&D into new species of fish as v Mm well as new breeding and farming technologies, of which
      366 words

  • AVIATION
    • 456 18 Tiger launching service to Darwin f Jetstar and Valuair to Bangalore, Bali AFP (SINGAPORE) Asia's lowcost airline battle heated up yesterday when Singaporebased discount carriers announced special fares on new routes to Australia, Bali and India. Tiger Airways is selling tickets
      AFP; FILE PHOTOS  -  456 words
    • 290 18 Bloomberg [LONDON] BAA pic, the world's largest airport operator, plans to spend £2.7 billion (SsB billion) adding a second runway at London's Stansted airport that would open in 2013 to accommodate an increasing number of passengers. The project, which has drawn criticism from
      Bloomberg  -  290 words
    • 235 18 (SINGAPORE] Guangzhou-based China Southern Airlines has signed an agreement with Singapore Aircraft Leasing Enterprise (SALE) for the lease of five Airbus A320 aircraft. Scheduled for delivery in the first half of 2006, the aircraft will all be delivered new from the Airbus
      235 words
    • 214 18 Bloomberg [JAKARTA] Air Asia Bhd, South-east Asia's largest low-fare carrier, said its Indonesian venture will lease five 737-300 planes made by Boeing next year to double its destinations in the country. PT Indonesia Air Asia, 49 per cent owned by Sepang, Selangor-based
      Bloomberg  -  214 words
    • 514 18 Invitation to help modernise Kolkata, Chennai airports to go out in March Reuters (KUALA LUMPUR] India will invite private investors to help modernise two major airports in March, Prime Minister Manmohan Singh said yesterday, stepping up efforts to modernise the country's creaking infrastructure.
      Reuters  -  514 words
    • 210 18 Bloomberg [HONG KONG] Hong Kong International Airport, Asia's second-busiest airfield by passenger numbers, handled record cargo volume and 6.2 per cent more travellers in November than a year earlier as the region's travel demand increased. The number of passengers using the airport
      Bloomberg  -  210 words
    • 642 18 11 !=f fill w —i-i y eas S {I i i I CapcTMni ***** 0705 GA£>8 IS? 50 86 525 £eC X W» «M W g gfj ffl a«9d« CA403 0040 CA404 0740 |n j j rfjwl f| <M—ifctol TftiX 1835 i&l i'8 dliugo UA895 2355
      642 words
  • Page 18 Miscellaneous
    • 153 18 CRYPTIC CROSSWORD 1 Incinerate the container that^ 2 the recorder 6 h,oh and drv> YES,t DA,PSSOUmI I (5) 16 o W 9 a d dry? Across: 1 Music, 4 Mascaras, 8 3 Abstruse edict Nero issued 17 n wintP«*t ia a\ Son-in-law, 9 Scullion, 11 Ulsters, anew (9) \L r
      153 words

  • SHIPPING
    • 560 19  -  Patrols to be allowed to pursue targets across maritime borders By DONALD URQUHART [SINGAPORE "Hot pursuit" across maritime borders in the Malacca Strait is about to become a reality with the littoral states set to sign an agreement detailing the
      FILE PHOTO  -  560 words
    • 327 19 US$2.8b issue may be oversubscribed by 50 to 75% Reuters [DUBAI] The US$2.B billion Islamic bond issue from Dubai's ports corporation has attracted intense investor interest and is likely to be oversubscribed by at least 50-75 per cent, a lead manager.said on
      Reuters  -  327 words
    • 260 19 AP [ISLAMABAD] Transport officials from Pakistan and India agreed on Saturday to allow third-country ships to transport goods between ports in either nation, the Foreign Ministry said. The two countries, ending three days of talks on beginning a ferry service, also agreed
      AP  -  260 words
    • 429 19 Overseas shippers can now bid alone for LNG contracts Bloomberg [LONDON] India has changed its liquefied natural gas (LNG) shipping rules. The amendments allow overseas carriers to bid alone for shipment contracts, P Dasgupta, managing director of Petronet LNG Ltd said, citing a government order.
      Bloomberg  -  429 words
    • 256 19 Bloomberg [LONDON] Samsung Heavy Industries Co, the world's third-largest shipbuilder, said it was in talks with shipowners about liquefied natural gas (LNG) tankers the company had built for them after one vessel was found to be leaking. The Methane Kari F.lin.
      Bloomberg  -  256 words
    • 57 19 [BRUNSBUETTEL. Germany] Capsized freighter 'Maritime Lady' lying under a catamaran crane. The vessel is being prepared for its salvage on Sunday in the Elbe river near Brunsbuettel. in northern Germany. The ship which was sailing under the British flag had sunk after it collided with a
      AFP  -  57 words
    • 284 19 sax *eoo pi 12 aw- vei CH Offshore „..X>.37 unch 312 Oman Hup— 037 -0X»1 2780 Cosco Corporation 229 -0.01 1667 CWTDimfamuti 0.83 0.01 1S9 EzraHldgs 1.43 -0X12 151 .0.06 -0.01 109 Grand Banks Yacht X)J8 unch 14 JayaHatdmgi 122 unch 1424 K1 Venture _033 0.01 4666 KeppelCom
      284 words
  • Page 19 Advertisements
    • 33 19 -r-\ 1 Geta Leading JJyTf Edge I Your sailing schedules get wider J attention in The Business Times shipping pages I Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2026 Shipping Times
      33 words

  • EDITORIAL & OPINION
    • 504 20 EDITORIAL INDIA is witnessing a new wave of foreign direct investment (FDI). Global players, including Cisco, Intel, AMD and Microsoft have committed nearly US$lO billion there in recent weeks. Their decisions, spanning the entire range of IT services, show how well India is positioned to
      504 words
    • 1015 20  -  Distinctly different opinions on free trade, open immigration and military intervention LEON HADAR Washington Correspondent AMERICA'S trade partners are hoping that the US will play an active role in trying to revive the faltering Doha trade round during the World Trade Organization
      REUTERS  -  1,015 words
    • 758 20  -  THE BOTTOM LINE WILLIAM PESEK JR Bloomberg "VERY regrettable'. That is how Japan's Economics and Financial Services Minister Kaoru Yosano described a typing error that caused chaos in stock markets and cost the nation's second biggest bank at least 27 billion yen
      Bloomberg  -  758 words
    • 1777 21 AFP WHEN well-heeled trade negotiators from around the world sit around a conference table in week, the lives and livelihoods of millions will be in the balance. The people affected by its success or, more likely, failure range from poor African cotton farmers
      AFP  -  1,777 words
    • 552 21  -  LETTERS TO THE EDITOR Quek Soo Beng Singapore I REFER to your correspondent Michelle Quah's Dec 9 report, "NKF has reserves to last only 6.7 years". With this and other recent revelations by the new National Kidney Foundation (NKF) board, the hard and somewhat grim reality
      552 words
    • 299 21  -  Denis Distant Singapore HOLDERS of warrants issued by Singapore Exchange (SGX) listed companies have a financial interest in the issuing companies although they do not get copies of the annual report nor receive dividends and are not eligible to attend AGMs. But they cannot complain
      299 words

  • Page 21 Advertisements
    • 103 21 HAVE YOUR SAY Fax your tetters to 6319-8277 or email them to bttotterOsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full none, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • 10138 22 SGX MAINBOARD 52 Wk Tel Last Vol Day Last Quote GrO«v On GrYld Net MCap High Low Code Company Sale 000) High Low Buyer Seller S Cvr P>t SmS 7 5 2 5716 1 st Software 5c ....2 5 2 3 10.1 22 6 3148 8TelecomUS2c 7.5 7
    10,138 words
  • Page 22 Advertisements
    • 32 22 Trade from 20% depotH jS x levarsgs) on mot stocks Go long or short Commission, from 30bps Accroito AMiun, US, Euro »tocto Select Excharioe Touted Fundi mml IndfeM y 1 w" v
      32 words

  • 6154 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In loot cwt In St In OSS %dy %yr dy N yr %dy %yr D«9 Indei Change Change Ch«nq» Chang* Chang* Chmy VtexW Index Preliminary 962 8 0.2 12.9 0.1 103 02 70 I MR Pieliminary 9516 0.3 23.2 03 12.1 04 8«
    6,154 words

  • Page 24 Advertisements
    • 862 24 X v NYK GROUP SOUTH ASIA PTE LTD I"_— nmy mjr TEL: *****123 KWfiS/ It LINE Fax: 6292 2856 (Regional sales)/6239 7109 (OPS)/6299 5785 (Documentation) w NIPPON YUSEN KAISHA TOKYO SENWWU KASHA. LTD (C/R NO" **********0E) 1371 *****000 SENATOR LINES ;Srm? —fph* •BNATOR (S.U.) Me Ltd Main Uiwt *65 6536-2750
      862 words
    • 999 24 linterasia rqro service vßsa/vor umvn hbghthu r»c m log m STRAITS VBHURE 24/05 IS 3.7 24/11 77/11 30/11 03/12 05/17 STttITSYWnjIE 25/05 IS 3.7 07/17 STRAITS VBffURE 74/05 IS 3.7 11/17 71/17 01/01 06/01 04/01 I AUSTRALIAN BORO SERVICE vtssa/vor |mwmi| wghtwi jjjjj sw m std m mm jrt Isi
      999 words

  • Page 25 Advertisements
    • 1223 25 wwv.hambufgsud.com ASIA SERVICE SUNG 1 (EXPORT) ASIA SERVKE SUNG 7 (EXPORT) EH ITA V«sml/V«VH SINGAPORE DORIAN SEPETMA SANTOS ITAiAI PARANAGOA V wm l/Vw— SINGAPORE BUENOS AIRES RWCRANPE SANTOS SBCTOA Cap Bonawn 505* 14/12 25/12 04/01 05/01 07/01 01/01 h*ololW 17/12 09/01 12/01 14/01 15/01 NYK Estida 007W 21/12 01/01 11/01
      1,223 words
    • 1008 25 VESSEL DOT SIM JKT HKG KHH INC KYH PUS KSSfI. VOV SIN JKT SUB HKG USM WS HYMBDGt IMS 15/12 17/1? 22/12 24/12 ?l/l? 2t/l? KMT( SIMGAPOKE 517S H/12 21/1? 22/1? 27/1? 31/1? 1/1 HY VLADIVOSTOK JHS_ 24/12 2V/12 31/12 2/1 1/1 VI KMTC JAKARTA 517S 25/12 21/12 2V/12 3/1
      1,008 words
    • 594 25 m aoirsw WEEKLY EXPRESS SAILING SCHEDULE I" ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS I YBSa I VOT I SW I PJmwIcOUMMO llt SUVA ICOUMMO I 1 I Aiso iamm fq to coo* iuikmm m atom am kandu a goal CM N SKVA) <—K— MOTMB VBS TO BANK
      594 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7258 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Desfn Name Name Number Number 03/01 17/02 WWl TEXAS AF602 *****033 To ABIDJAN (ABJ) 2003 Cote D'lvoire To BANDAR ABBAS (BND) 2036 Iran 20/12 1V01
      7,258 words
  • Page 26 Advertisements
    • 702 26 VESSEL VOY SIN PGU VESSEL VOY SIN JKT CSF 2301 021 IP 12/12 14/12 PAC BALI 4196 12/12 IS/12 PAC BANDA 1621N 13/12 13/12 PAC lINTAN 9329 17/12 20/12 PAC BANDA 1622N 14/12 15/12 PAC BALI 4197 19/12 22/12 CSF 2301 0212P 15/12 16/12 lIWTAW W}\ g/j» PAC BANDA 1623N
      702 words
    • 873 26 WAN HAI INTERNATIONAL PTE LTD a NO: i*****2000a/R %CrA ***** l A I MUP«* TEL6226ISU (14UNIS) FAX:*****163 VAN > WAN HAI lINFS n,on r Wvk,/Booi«p Dr»ct L* (1800) *****200 V V lIHII lim fnlK:|o3) 334MM1MX:(03)*****2Mf81 T1L(04)*****00MX:(04R294W V XWIH:(I7)BIIf23HLt(#7BSIW2I 90 031) 31t5475 MX: 031) 3H2714/37V130S L-i jnOb|Rl)S2S4l«MX:|o2l)S2S47linfl«:7l4»/*****l HUL7I437* HWW.HIMW.H 4157 m
      873 words
    • 380 26 BSA4 MYANMA HH FIVE STAR LINE (Myannar National U.e) Loading lor Yosgoa vtssa vor sin na pin ku PAGAN 341W SU PAGAN 349W SU> IN MALAYSIA: lOUSTIAD SHIPPING AGINCIIS KUI/PKL 03-*****3U PIN: 04-*****15 ACCEPTING CONVENTIONAL C6O vissa vor hg sm ph km in mi sdk twu MMMESTM 7S SU> SU>
      380 words


  • PROPERTY
    • 405 28 Higher mortgage rates, new taxes discouraging buyers: survey Bloomberg [SHANGHAI] Fewer urban Chinese plan to buy homes and take out loans, a central bank survey showed, after the government this year raised mortgage rates and imposed new taxes to deflate prices and cool a
      Bloomberg; AFP  -  405 words
    • 217 28 Reuters [HONG KONG] Australian property firm Macquarie Goodman Group has bought another two warehouses in Hong Kong, lifting to US$577 million a portfolio it wants to sell to investors as a property trust in the city. Macquarie Goodman said yesterday it had bought
      Reuters  -  217 words
    • 157 28 Reuters [MANAMA, Bahrain] Bahrain-based Arcapita bank launched on Saturday a US$l.5 billion mixed-use real estate project that will be built on the kingdom's waterfront. The bank said in a statement it had formed a joint venture with a Bahrain investment firm to oversee the construction
      Reuters  -  157 words
    • 344 29 Move comes after British hedge fund lifted its stake to 7.45% a week ago Reuters [HONG KONG] Hong Kong property firm New World Development was selling U*****.8 million of new shares, sources said yesterday, a week after a Britishbased hedge fund lifted its
      Reuters  -  344 words
    • 468 29 [HONG KONG] GZI Real Estate Investment Trust (GZI Reit), the first mainland property investment trust to seek a Hong Kong listing, will expand its property portfolio largely by buying its parent's assets, the South China Morning Post quoted chief executive Liu Yongjie as
      REUTERS  -  468 words
    • 205 29 [HONG KONG] Mainland property and power group Sinolink Worldwide Holdings, which has just announced a tie-up with New York-based Rockefeller Group to set up a fund to invest in the mainland property market, will raise US$546 million through a top-up share placement
      205 words
    • 469 30  -  Latest units sold for $1,450 psf, against $1,400 at preview 6 weeks ago By KALPANA RASHIWALA GUOCOLAND has gradually raised the price of its Paterson Residence' condo, which now averages about $1,450 psf compared with $1,400 psf when it began previewing the development six
      469 words
    • 317 30 [SINGAPORE] Kam Tin Seah, Centrepoint Properties' assistant general manager (development), left the company a few weeks ago and is said to be joining rival United Overseas Land (UOL) soon. At UOL, Mr Kam will be general manager (investment), a role which will include business development
      317 words
  • Page 28 Advertisements
    • 260 28 Rare Prime Residential Redevelopment Site Rare Prime Condominium Redevelopment Site Emerald Lodge <8> Emerald Hill Road (District 9) Venus Mansion Peck Hay Road (District 9) Freehold Freehold Located within the Emerald Hill Conservation Area sl te #rM 5 q 25 1 m Site area 2,501.4 sq.m. Master Plan 2003 Residential
      260 words
    • 1959 28 FOR SALE (BY TENDER) LAST PRIME RESIDENTIAL REDEVELOPMENT SITE ALONG MEYER ROAD VICINITY 10 Margate Road, District 15 I Freehold rectangular site C.c. kHHaBDHnHM Site Area: 1,576.3 sq m (16,967 sq ft) I I Katong I Plot Ratio: 2:1, up to 24 storeys H B Park H H j°^ orß
      1,959 words
    • 21 28 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words

  • Page 29 Advertisements
    • 98 29 For Lease Office: 344 to 3725 sqft Shop: 400 to 6297 sqft Next to Shaw House/ Isetan Scotts Outside CBD Near Orchard MRT station Hong Fok Group Tel: 6390 2477/ 6292 8181 Grade A office building in Raffles Place I Winner of Prix d'Excellence award, the Oscars of the r
      98 words
    • 182 29 UNIQUE DEVELOPMENT SITE AfcONG NAPIER ROAD FOR SALE BY TENDER X I Prestigious address along tar\\ Napier Road, offTanglin of Infl Affairs Iff jJ Road JsP® Gardens Lodg. -J**??-. GienaagiM Freehold Plot Ratio 1.6 SH«pHal RjjfSWA. r pES? Sh aS n# Approximately 70,8105q ft Place 1 Hotel 1 I Hilton
      182 words
    • 74 29 FOR SALE BY TENDER PRIME RESIDENTIAL DEVELOPMENT SITE ROAD I wo% CONSENT OBTAINED NO STB APPROVED REQUIRED MAMCET /qf 1 rx Land Area: 14,146 sqf "SB" W Plot Ratio: 1.6 station Close proximity to Orchard Road cnMfrr Shopping belt and CBD PROPERTY W ns t0 MRT Station (Farrer/Holland) N 631
      74 words

  • Page 30 Advertisements
    • 161 30 The Baywater Collection offers extraordinary potential with dual views of the waterway and seafront an exclusive opportunity to develop the last condominium parcel within the gated residential The Baywater Collection community of the Northern Precinct. The largest condominium site within the Northern Precinct Sprawled across 25,684 sq m, The Baywater
      161 words