The Business Times, 16 December 2005

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

Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES Friday December 16,2005 SINGAPORE 85 cents online at ,com.sg MICA (P) 089/03/2005
    15 words
  • 629 1  -  Nominal earnings up 4.5% in Q3 and job-hopping modest, says S'pore ministry report By CHUANG PECK MING [SINGAPORE] The job market is tightening. Nominal earnings jumped 4.5 per cent in the July-September quarter up from 2.5 per cent in April-June as more jobs
    629 words
  • 567 1  -  Suntec Singapore says its focus is on MICE, not gaming By ALEXANDRA HO [SINGAPORE] A Hong Kong newspaper has stirred up a storm with speculative reports that tycoon Li Kashing may pull out of Suntec Singapore International Convention and Exhibition
    567 words
  • 137 1 sn 2325.73 (+1.35) ST INDEX FUTURES 2327.00 (+1.00) siMsa ***** (+0.11) SIMSa FUTURES 273.90 (-1.60) MARKETS Thursday Change KLSE COMP 894.98 -3.82 NIKKEI 225 15.254.44 -210.14 HANG SENG 15,059.02 +82.76 SET INDEX 690.49 -4.23 JAKARTACOMP 1,155.96 -17.75 MANILA COMP 2,071.67 -25.58 SEOUL COMP 1,337.68 +3.41 SHENZHEN B 190.13
    137 words
  • Page 1 Advertisements
    • 65 1 PROFILE Pritzker Architecture Prizes V m his profession s highest honour. Rem Koofoaas, who was in Singapore recently, shares his unconventional views and talks about eweww; Singapore architecture. mm V' s&jpFt |jjfe 1;! was—i—m 1 i «1 L IgiilWiliiiitiJuf Mm, BBBii mobm i 1 AskfcryourcornplmeritafycopjfofßTatanySrc rirAAl/ATIH petrol stotion on Saturday
      65 words
    • 4 1 KAZA||ISIAI»; Opportune abound .U
      4 words
    • 18 1 INTEGRAIED RESORTS CityDev joins Sands in Marina bid PC 4 g-.g| !Km> bI! UL r*—Wam -5 Y\ F
      18 words

  • TOP STORIES
    • 636 2  -  WTO SUMMIT But backsliding feared in talks on removing tariffs on industrial goods By ANNA TEO in Hong Kong LEAVE aside the impasse on agricultural subsidies. In industrial goods, talks aimed at removing tariffs are not only nowhere near consensus, they may even be
      AP  -  636 words
    • 102 2 AFP [HONG KONG] EU trade negotiator Peter Mandelson had a little trouble getting his message across yesterday thanks to some Christmas carol-singing activists dressed in Santa hats. To the tune of "Jingle Bells", the protesters sang: "Mandelson. Mandelson. this gift we give to you. trade
      AFP  -  102 words
    • 417 2 Governance breaches uncovered at SAVH INVESTIGATIONS into Singapore's other high-profile charity scandal of the year, that involving the Singapore Association for the Visually Handicapped, have uncovered breaches of governance to rival the much-publicised mismanagement at the National Kidney Foundation. This means the fate of the SAVH remains in
      417 words
    • 359 4  -  CityDev to take 15% equity stake; parties will share know-how By ALEXANDRA HO [SINGAPORE] Property tycoon Kwek Leng Beng has finally shown his hand in the contest to build an integrated resort (IR) a day before the Dec 16 deadline for bidders
      359 words
    • 570 4  -  Rising interest rates, inflation dampen demand By SHOEB KAGDA in Jakarta INDONESIA'S largest property players are bracing themselves for a slowdown in 2006 as rising interest rates and inflation bite into consumer spending, especially demand for new apartments and outlets in large
      570 words
    • 653 4  -  By MICHELLE QUAH [SINGAPORE] Investigations into Singapore's other high-profile charity scandal of the year, that involving the Singapore Association for the Visually Handicapped (SAVH), have been completed. And the Commissioner of Charities (COC), in his inquiry, has uncovered breaches of governance to rival
      653 words
  • Page 2 Advertisements
    • 18 2 NEW YEAR SALE IMMEDIATE DELIVERY slm —x i£SsS»sas^]iiii»iM^iiiiiiw»wwiww^^^B^^WßMßHjjjj^^^^^WßH^^^^B^^^^BF Attractive finance packages also available. Specifications vary. Terms conditions apply.
      18 words
    • 73 2 wwwJetstarAsia.com CaH centre: 8822 2288 An-An Travel Tour. 6538 2538 Jetabout Holidays: *****818 Maple Aviation: 6538 5515 51PSPP$§r'.' I is <» > "i --tr-r i Terms and conditions: 1. Fares quoted are for one-way and exclude airport taxes, admin fees, insurance and fuel surcharges. 2. Seats subject to availability. 3.
      73 words
    • 43 2 K'mas Mew $?ar Sales of Oil Ranting, Sculpture man? more... Jvonn* Arts Gallery 896 Duneam Rd *02-018 Sime Darby Ctr Open daily 10am 7.30pm Tet:6762 7608 I a I Jj CATS Recruit The first step on your lamer to success WAT 3 RECRUIT
      43 words


  • Page 4 Advertisements

  • COMPANY NEWS
    • 599 5  -  HOCK LOCK SIEW By SIOW LI SEN INVESTORS here probably find December the most balmy time of the year; instead of constantly perspiring, they can find many days which are pleasantly snug and warm. It is easy to forget then how much the
      AP FILE PHOTO  -  599 words
    • 358 5  -  Damage to fish farm will impact FY2005 profit; application money being refunded By SIOW LI SEN A SHANDONG snow storm reportedly the worst in 42 years has wreaked havoc not just to Oceanus Bio-Tech Holdings' fish farms, but to its planned Singapore
      358 words
    • 651 6  -  They believe it improves strategic planning, defines risk, sets risk limits By MICHELLE QUAH A GROWING number of financial institutions in Asia are adopting a risk-based management of capital, with many believing that it improves their strategic planning, defines their appetite for risk and
      651 words
    • 218 6 HOMEGROWN heart stent firm Biosensors International said yesterday it did not delay disclosing a lawsuit against it and had taken all reasonable steps to keep the market informed. In a Thursday news report, it was suggested the company had been slow to
      218 words
    • 242 7  -  Aerospace division buys 67% of SAS Component for 80.4m euros By LEE KIM SIANG SINGAPORE Technologies Engineering said yesterday its Singapore Technologies Aerospace arm has agreed to buy 67 per cent of SAS Component (SASC) from Scandinavian-based airline group SAS for 80.4
      FILE PHOTO  -  242 words
    • 277 7  -  By LEE KIM SIANG TUTT Bryant Group (TBG) the Australian subsidiary of Singapore-listed Tat Hong Holdings made an impressive trading debut on the Australian Stock Exchange yesterday. Tat Hong said yesterday that TBG shares closed at A 51.23, 23 per cent above
      277 words
    • 227 7  -  Company proposes 0.58 cent a share interim dividend By UMA SHANKARI ROLY International Holdings, an integrated global supply chain management and distribution company, saw net profit rise to US$6.4 million for the sec- ond quarter ended Oct 31, 2005 a 52 per
      227 words
    • COMPANY BRIEFS
      • 32 7 ASL Shipyard, a wholly-owned subsidiary of ASL Marine Holdings, has secured additional shipping contracts worth $40 million. This came after recent additional contracts worth $31.1 million.
        32 words
      • 83 7 PENTON International has signed a memorandum of understanding with UE China (Shanghai) Co Ltd (UEC), under which the latter will advise and assist Penton to develop the 15,000-hectare coal concessions acquired by Penton in Jambi, Indonesia. Penton intends to produce up to 2
        83 words
      • 95 7 GLOBAL Active's extraordinary general meeting (EGM) yesterday passed the resolution on delisting of the company from the Singapore Exchange. The exit offer pertaining to the delisting will be open for acceptance by shareholders for a period of 14 days commencing from today and
        95 words
      • 47 7 TRANSVIEW Holdings yesterday announced that its subsidiary Winston's Golf will be losing its distributorship rights for the US PING brand of golf equipment from Jan 24 next year. Transview said it is now evaluating the financial implication of the loss.
        47 words
      • 50 7 SERIAL Systems' group financial controller, Philip Yu, has resigned with effect from Dec 31. The company has appointed Alex Wui Heck Koon as acting group financial controller with effect from Jan 1. Mr Wui is currently the company's senior finance manager and company secretary.
        50 words
      • 41 7 MACQUARIE Pacific Star Prime Reit Management Ltd, the manager of Macquarie MEAG Prime Reit (MMP Reit), yesterday announced the appointment of senior counsel Michael Hwang as its third independent director with effect from Jan 1.
        41 words
    • 356 9 OSK pays $50m for 51 of S'pore broker Bernama [KUALA LUMPUR] OSK Holdings Bhd has acquired a 51 per cent interest in DMG Partners Securities Pte Ltd of Singapore from Su E-Min Co (Singapore) Pte for $50 million. The purchase consideration is based on a multiple of 1.325 times the
      Bernama  -  356 words
    • 293 9 Bloomberg SINGAPORE Airlines Ltd, the world's second-largest carrier' by market value, filled more seats and cargo space in November for a third straight month, helped by increased global trade and travel demand. The airline filled an average 69 per cent of its combined passenger and
      Bloomberg  -  293 words
    • 394 9 Parent PCCW to pare stake to meet 25% public float requirement Reuters [HONG KONG] Minority shareholders in Hong Kong mobile carrier Sunday Communications Ltd yesterday voted to block parent PCCW Ltd's plan to take it private, leaving PCCW to continue to run Sunday as a
      Reuters; BLOOMBERG  -  394 words
  • Page 5 Advertisements
    • 79 5 mu dan Chinese antique furniture AMAZING FRAMED CHINESE ARTEFACTS now at 40% off!! 12TH Century white jade double dragon prosperity rings (45cm x 30cm) IH MIAO' SILVERED Wedding necklace (80cm x 80cm) Ming-Style Black Lacquered A\\ II it Writing desk with weaved top f 144 cm x 70cm x 53cm
      79 words
    • 208 5 Sony Ericsson I y 1 JL 171 j V Ifl Bfi ,iri«jl j| ■I 1 L jjj v "^'v^J B Bx. 11 v^diS^MfliS ngfe--' Welcome to the world of Walkman™ Phones. /sr-'"".™ —>> Get more on the move in this fast paced world, now that we've added 3G capabilities to
      208 words

  • Page 6 Advertisements
    • 136 6 MINTON RISE CONDOMINIUM PRIME RESIDENTIAL REDEVELOPMENT SITE FOR SALE BY TENDER I Site Area: Approx. 43,885.4 Sqm V/ r Close Proximity to Shopping Centres Short Walk to Kovan and Sarangoon j 500 m to Paya Labar Mathodiat Girla* Primary Secondary Schoola For enquiries, please contact: Laurence 8121 0884 Nationwide Realty
      136 words

  • Page 7 Advertisements
    • 17 7 m Lianhe Zaobao a I Forecasts I I prices I in ***** 1 1 I I awaww?
      17 words
    • 120 7 'JFJBHKVIn" l i TOmwmi 1 rfftt t fli y- t MW) Kt^iK^HK^a BBw Hi ISflh w _> >A> in -a. tfWSnff" TlßfflnTi \nd We believe that the key to an exquisite dining experience not knowing what to expect. With an extensive spread of wining and dining options to choose from,
      120 words

  • SINGAPORE MARKETS
    • 573 8  -  STOCKS But market's liquidity still relatively thin suggesting that many players are away for the holidays R SIVANITHY Senior Correspondent FINALLY after months of inactivity, China stocks appear to be stirring, probably thanks to a Merrill Lynch upgrade. In an otherwise drab session yesterday,
      Source: Bloomberg  -  573 words
    • TRADES TO WATCH
      • 431 8 CHINA Wheel Holdings' executive director Zang Liguo's deemed stake in the aluminium alloy car wheel designer and manufacturer has gone up marginally to 63.93 per cent or 150.26 million shares, from 63.85 per cent or 150.06 million shares, after Li Zhong Investment Ltd
        431 words
      • 73 8  -  Compiled by AMIT ROY CHOUDHURY FROZEN food and ice-cream maker Youcan Foods International's executive chairman and CEO Dai Tianrong's deemed interest in the company has gone up from 55.17 per cent, representing 104.67 million shares to 55.42 per cent or 105.14 million shares.
        73 words
    • Article, Illustration
      430 8 OTHER SINGAPORE INDICES Dec 15 VALUE CLOSE BT OB/OS 80.00 +130.00 BTCAPI -*****.00 +100.00 BT 10-day MA -*****.00 +8.00 All-SG Equities 592.97 +1.44 SG Equities Elect 127.68 +0.43 SG Equities Fin 1697.42 -3.67 SG Equities Prop 711.04 +1.82 SIMSCI 274.26 +0.11 SiMSCI Futures 273.90 -1.60 MOST ACTIVE STOCKS VOLUME Informatics
      430 words
    • Article, Illustration
      1012 8  -  Compiled by UMA SHANKARI United Overseas Land Dec 15 dose: $144 CIMB-GK RESEARCH, Dec 15 PREVIOUSLY, we were 'neutral' on the stock as we had expected exchangeable bonds issued by UOB (121 million or 15.4 per cent of UOL shares exchangeable at an implied price of 552.27 per
      Source: Bloomberg  -  1,012 words
    • 555 8  -  CURRENCIES LARRY WEE Senior Correspondent NEWS of yet another record US trade deficit US$6B.9 billion for October dealt the US dollar another body blow, and this time it was the Japanese yen which out-per-formed all others by a long shot. Coming so soon
      Source: Reuters  -  555 words

  • Page 9 Advertisements
    • 209 9 r /0E& JonbsLang I w LASalut PRIME CONDOMINIUM SITE ill^^urlllß'llnTlß DhobyGhaut Somerset MRT Site Aree: 49,079.5 sq ft (approx) Plot Ratio: 2.8, up to 10 storeys 7 Near amenities and reputable schools I I c u i,i BC Conveniently located with easy access to A Site Orchard Shopping Belt and
      209 words

  • SINGAPORE NEWS
    • 331 10  -  It will deploy largest wireless LAN in China, based on tech used here By ROLAND LIM NETPOWER International has won a US$l5O million contract from Chinese Internet service provider Great Wall Broadband Network Service (GWBN) to deploy what is touted to be the largest wireless local
      331 words
    • 562 10  -  By SIOW LI SEN THE Central Provident Fund Board has issued a reminder that CPF contributions will be slashed come Jan 1 hitting borrowers who rely on CPF money to pay their home loans. Analysts said that the CPF changes might be a
      562 words
    • 369 10  -  By MATTHEW PHAN THE local sports landscape looks set for exciting times ahead, with the tender for a Singapore Sports Hub, encompassing a new National Stadium and an Indoor Aquatic Centre, being launched yesterday by the Singapore Sports Council. The hub will be the
      369 words
    • 4915 10 UNIT TRUSTS FUNDS Otigroiip Asset Mgt Cm Global Bond/ A 1.44/ AMI Amra Asset Mgt (S'pore) *****#*)35 S l 1 25-"* 1 CmBondS'po* A/S 1279/ iff star Asia Balanced 1 068/ IT" 1 48/ Star GloW Technology Fund!" 0215/ CmSe)ect Tl H Grow*) 1.47/ St Fd CitiSelect Asia Tilt Enh
      4,915 words
    • 345 11  -  EN-BLOC DEALS Developer building condo after plot is combined with land it owns next door By KALPANA RASHIWALA CITY Developments has bagged the Bougainville apartment block in Shelford Road through a $19 million collective sale, and plans to amalgamate the plot with a
      FILE PHOTO  -  345 words
    • 113 11 COSTA Sands Resorts (East Coast), a popular choice for weekend chalets and shortterm vacations for Singaporeans, will cease operations from Jan 3, following the expiry of its 30-year lease. All guest staying at the resort from Dec 15 to Jan 2 will receive surprise
      113 words
    • 349 11  -  By OH BOON PING THE retail sales index (RSI) in October rose 10.2 per cent, with the food and beverage segment reporting the strongest sales increase of 18.8 per cent over the year-ago period, according to the Department of Statistics (DOS).
      349 words
    • 273 11  -  By ARTHUR SIM FOLLOWING the necessary government approvals, Minton Rise Condominium looks set to become the first former HUDC estate to be sold en bloc. Yesterday, the marketing agent for the condominium, Nationwide Realty, announced that the owners have received
      273 words
  • Page 10 Advertisements

  • Page 11 Advertisements
    • 57 11 m <— A 4m W aiJPRH^ Season's Greetings Clifford Chance would like to wish their clients and friends a Merry Christmas and a prosperous New Year. As an alternative to sending Christmas cards, we have made donations to selected Singapore charities devoted to the welfare and development of children. CLIF
      57 words
    • 371 11 22.0 ■nW||ll||||jj||||||||wM H |L jflH iJHk JE B S' V Q: Why do wealthy individuals need a proprietary, holistic wealth management process? >4: High-net-worth clients have many more opportunities and challenges than other parties. So a designedfor retail or even institutional clients really doesn Vfully address our clients' needs. That's
      371 words

  • ECONOMY WATCH
    • 465 12 Concern driven in part by talk of fewer rate hikes Reuters [NEW YORK] Only a few months ago, talk of monthly US trade deficits consistently exceeding US$6O billion might have been limited to only the most hardened dollar bears. Now, in
      Reuters  -  465 words
    • 394 12  -  Ruling party wants BOJ to agree on growth target prior to policy change By ANTHONY ROWLEY in Tokyo JAPAN'S ruling Liberal Democratic Party (LDP) yesterday put new pressure on the Bank of Japan to avoid monetary tightening, even though the economy is
      394 words
    • 160 12 Bloomberg [HONG KONG] South Korea and the European Free Trade Association (EFTA) yesterday agreed to lift taxes and non-tariff barriers on goods and services that they trade, the South Korean trade ministry said in a statement. South Korean trade minister Kim Hyun Jong
      Bloomberg  -  160 words
    • 2352 12 VOL General Corp 0.42 unch 174 Dk15 RM ('000) Gerrting 10.50 0.10 1722 George Kent 0.59 unch 0 A&M Realty 1.47 unch 2 GHL Systems .0.10 unch 39 Abric 0.30 -0.01 10 GlobetronicsTech 0.32 -0.01 830 ACP Industries 0.65 -0.01 135 GlomacBhd 0.99 -0.01 439 Advance Synergy 0.22
      2,352 words
    • 518 12 Reuters [TOKYO] After making a fortune from a resurgent stock market, Japanese retail investors are increasingly eyeing commodities, ranging from gold to sugar, as they seek new ways to boost returns. With interest rates near zero, Japanese investors are hungry to find alternatives to
      Reuters; REUTERS  -  518 words
    • 387 12 Bloomberg [JAKARTA] Indonesia's economic growth will slow this quarter and next year's pace will probably match this year's rate of expansion, the central bank said. South-east Asia's largest economy will probably expand by 4 to 4.5 per cent in the fourth quarter from
      Bloomberg  -  387 words
    • 472 12 LATEST US DATA This is the biggest monthly decline in 56 years, after a plunge in gasoline prices AP [WASHINGTONI US consumer prices plunged by the largest amount in more than a half-century in November as gasoline prices fell by a record amount. The
      AP  -  472 words

  • MALAYSIA/INDONESIA
    • 371 13  -  Change could boost its 2006 earnings by 9% or RM195m: UOBKayHian By S JAYASANKARAN in Kuala Lumpur STATE-owned telecommunications utility Telekom Malaysia will emerge as the biggest beneficiary when new rules proposed by the Malaysian Communications and Multimedia Commission (MCMC), the industry's
      371 words
    • 363 13 Reuters [JAKARTA] China's Fujian terminal wants only one million tonnes of LNG a year in the short term from Indonesia's BP-led Tangguh project instead of the 2.6 million it had agreed to buy, Jakarta's oil minister said yesterday. "China has told us that... in the
      Reuters  -  363 words
    • BRIEFLY ASIA
      • 101 13 Reuters [BEIJING] China National Offshore Oil Corp (CNOOC), the country's top offshore oil producer, yesterday laid the cornerstone of a 19.3 billion yuan (Ss4 billion) refinery in Guangdong province, Xinhua news agency said. The project is key to CNOOC's plans to move into the
        Reuters  -  101 words
      • 61 13 AFP [NEW DELHI] India's Maoist rebels vowed to intensify their "war" against foreign multinationals and other firms, accusing them of plundering resources and forcing them off their lands, reports yesterday said. The Maoists plan to target firms in at least six mineral-rich states, home
        AFP  -  61 words
      • 88 13 Reuters [SHANGHAI] China is considering a capital injection into the state-owned Export-Import Bank of China (Eximbank) and progress may be seen next year, the president of the policy bank said yesterday. "The government is discussing this (capital injection)," Li Ruogu told Reuters on the
        Reuters  -  88 words
      • 56 13 Bloomberg [BEIJING] China signed more than US$l billion worth of contracts with Malaysia yesterday on aluminium, paper and technology projects, the Chinese Commerce Ministry said. The deals were signed in Kuala Lumpur during Chinese Premier Wen Jiabao's visit to Malaysia to attend the Asean
        Bloomberg  -  56 words
      • 40 13 Bloomberg [TAIPEI] The Taiwan Stock Exchange says it is investigating why United Microelectronics Corp (UMC) on Wednesday filed its restated results with the Taiwanese regulator five hours after posting them in the United States.
        Bloomberg  -  40 words
    • 354 13  -  By MATTHEW PHAN LOGISTICS remains the biggest stumbling block to reconstruction in tsunamiravaged Aceh and Nias, says a 12-month progress report by the body created by the Indonesian government to head the efforts. With 67,500 people still homeless, Reconstruction and Rehabilitation for Aceh and Nias
      354 words
    • 248 13 Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd, South-east Asia's biggest power producer, will refinance the bulk of RM2.9 billion (Ssl.3 billion) of debt due in the year ending August 2006, chief financial officer Izzaddin Idris said yesterday. "We can easily go to
      Bloomberg  -  248 words
  • Page 13 Advertisements

  • GREATER CHINA
    • 402 14 Reported suspension may jeopardise potential deals Reuters [SHANGHAI] China has suspended all new foreign investment in brokerages while it tries to clean up the debt-ridden sector, an official newspaper said yesterday, casting doubt on potential deals by financial giants such as Citigroup Inc. The
      Reuters  -  402 words
    • 411 14 Bloomberg [BEIJING] China Development Bank (CDB) and China Construction Bank (CCB), two state-owned lenders, raised a combined 7.2 billion yuan (Ssl.6 billion) selling asset-backed bonds, the first such sales in the country. CDB, which funds the country's largest public works projects, sold 4.2 billion yuan
      Bloomberg  -  411 words
    • 77 14 [ASTAN A] Uzakbai Karabalin. president of Kazakhstan's state oil firm KazMunaiGas (left), and Zhou Jipin, vice-president of China National Petroleum Corporation, waving after opening an oil pipeline at a railway station yesterday. Without crossing Russian territory, the 1.000 km-long oil pipeline, linking Atasu in central Kazakhstan to Alashenkou
      REUTERS  -  77 words
    • 316 14 Strong showing sets tone for listing of 2 Reits Reuters [HONG KONG] Shares in Chinese property developer Agile Property Holdings Ltd leapt more than 17 per cent in their US$4O4 million Hong Kong debut yesterday as investors crowd into new listings, especially for real
      Reuters  -  316 words
  • Page 14 Advertisements
    • 201 14 Explore a different side of Christmas and New Year S our MT "4 Me epicurean pleasures and lifestyle ■1 experiences this December. r tngapore j '24&. 31 Dec 05 24, 25, 31 Dec 05 1 Jan 06 jfe.# jJ 3-course Set Dinner Buffet Lunch $42- per person f $55"* per
      201 words
    • 654 14 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sq. >AT3 NOTICES Toll free: 1800-289-8822 Email, notices@sph.com sg I NEW WAVE TECHNOLOGIES LTD (Incorporated in the Republic of Singapore) Company Reg. No. *****6870Z NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE
      654 words
    • 225 14 IN THF. Hir.H COURT OF THE RfPITHI IP OF SINGAPORE Companies Winding Up No. 18 of 2005/F In the Matter of the Companies Act (Cap 50 1994 Ed) And In the Matter of SINGLAND MACHINERY CONSTRUCTION PTE LTD (IN COMPULSORY LIQUIDATION) (RC NO. *****4237W) vrvrirr of meeting OF CREDITORS Take
      225 words

  • INDIA
    • 639 15 Combined wealth of top 40 list jumps 74% to US$106b: Forbes Asia Bloomberg [NEW DELHI] Lakshmi Mittal, chief executive of Mittal Steel Co, retained his position as India's richest person with an estimated wealth of US$2O billion, Forbes Asia said, as demand for
      Bloomberg  -  639 words
    • 309 15 Reuters [BOSTON] India's Tata Consultancy Services plans to more than double its US staff next year in an expansion that takes aim at a key market for IBM and Accenture Ltd. Tata, the information technology services arm of one of India's
      Reuters  -  309 words
    • 462 15 Reuters [MUMBAI] Tata Steel Ltd, India's second-biggest steelmaker, agreed to buy a 40 per cent stake in Thailand's Millennium Steel Pel for three billion baht (Ssl22 billion) to expand production amid rising demand for the alloy in Asia. Tata Steel will acquire Siam
      Reuters  -  462 words
  • Page 15 Advertisements
    • 65 15 V V |HF*»m m w ,-y W^ Bl >-y)£k 19k vf-;-. »«ai(t.?«y;A Enjoy the Dubai Shopping Festival with special offers from Emirafes. m P Jr' «HM Keep lit yiSr aPPPjF Valid from 4th January to 4th February 2006. Prices are per person per night. Inclusive of all room taxes and
      65 words

  • ASIA-PACIFIC/WORLD
    • 714 16 Flash memory could replace hard drives in high-end laptops in 5 years: analysts Reuters [SINGAPORE] Apple Computer's shift to flash memory chips instead of tiny hard drives for its latest iPod music players is casting a cloud over the medium-term outlook of some electronics
      Reuters  -  714 words
    • 336 16 [NEW YORK] Microsoft chairman and chief architect Bill Gates is the world's most admired leader, according to a global survey. Steve Jobs of Apple took the second place and Warren Buffet of Berkshire Hathaway the third in the study conducted by BursonMarsteller with
      336 words
    • 211 16 Reuters [WELLINGTON] New Zealand's Telecom Corp, weighing the future of its struggling Australian unit AAPT, said it will launch a formal study for a sale or spin-off of the business in January. Telecom will evaluate all possibilities for AAPT, the third-ranked fixed-line carrier
      Reuters  -  211 words
    • 446 16 Clipper Ventures Round-the-Worid Yacht Race. Leg 3, Race 4, Day 18 FOR the last several days it has looked as if the first boats into Fremantle were going to be early. Report after report showed them eating up the miles and for a while it looked as if
      Clipper Ventures  -  446 words
  • Page 16 Advertisements
    • 1511 16 yiTj WATS NOTICES Toll free: 1800-289-8822 Email: sph.com.sg IN THE MATTE* OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BLB ASIA PACIFIC LTD (Co. Rag. No. *****6800K) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuont to Section 308( 1) of the Companies Act, Cop. 50, that
      1,511 words
    • 401 16 THE COMPANIES ACT, CAP. 50 GLAVERBELASIA-PACIRC PTE LTD (In Vol. UqiMationj Co. Rog. No. *****0649 C NOTICE IS HEREBY GIVEN that the creditors of the above-named Company which is being voluntarily wound up are required on or before the 18 m day of January, 2006 to send in their names
      401 words
    • 182 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 TOKYU INVESTMENT SINGAPORE PTE LTD (Co Reg No.: *****2719E) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 13 December 2005, the following resolutions were duly passed: 1. SPECIAL RESOLUTION WINDING-UP That the Company
      182 words

  • WORLD
    • 721 17 Easier exit for foreign firms, many US firms to be exempted from Sarbanes-Oxley Act NYT [NEW YORK] In strong moves to reduce the burden of securities regulations, the Securities and Exchange Commission proposed rules on Wednesday to make it easier for
      NYT  -  721 words
    • 388 17 AFP [LONDON] Australia's Macquarie Bank yesterday launched a hostile cash bid ofsBo pence per share for the London Stock Exchange, valuing the biggest equity market in Europe at £1.5 billion (554.4 billion). The bank said it regretted the LSE's rejection last
      AFP  -  388 words
  • Page 17 Advertisements
    • 749 17 Diners Club Card row* «064i***** M|H| A World of Exclusive Privileges Treats Diners Club www.Jiners.com.sg v International Jui rIHBMMTi 'WWW ¥-1 ir-IWiIBWWr tacchino con OSarolo sfomema(fe pas/a in 6raise<f v e JJZ i n *P** r F^ ie^a fiosj crJs/a Jier6e I IK wfißoffed fambirA£e/r6s Sauce <j& A w9k£speciaf/y from
      749 words
    • 48 17 ANewAsianTapasBar Opens 19 December 2005 on Orchard Road as*an tapas AA^EBAR EAT DRINK CHILL S. j MINGLE 11 .mi i .mi w wiSB5g.<r»»». (sun wed) 11 am {«ini m (lliurs sat, eve of public holida\ public holiday) Enquiries: *****288 MERITUS MANDARIN SINGAPORE il i Orchard Road, Singapore 2.'iB8f>7
      48 words

  • AVIATION
    • 738 18  -  Only one third of tickets issued by them is through electronic ticketing By YEN SREENIVASAN in Geneva ASIAN carriers are laggards when it comes to paperless tickets, according to the International Air Transport Agency (lata). Only about one third of all airline
      AP  -  738 words
    • 194 18 AFP [JAKARTA] Ailing national carrier Garuda Indonesia is undergoing a steady loss of scores of pilots to competitors who can offer better salary and work conditions, a Garuda executive said yesterday. "We may have lost some 120 pilots since 2004," a vice-president for
      AFP  -  194 words
    • 323 18  -  Reports by CONRAD TAN [SINGAPORE] Singapore's low-cost airline terminal will open for business on March 26 next year, and it looks set to live up to its promise of being cheap and easy to use. Last night, the Civil Aviation Authority of Singapore revealed
      323 words
    • 217 18 [SINGAPORE] Starting next month, British Airways passengers flying from Changi Airport will be able to print out their own boarding passes from home or work, and go straight to the departure gate, bypassing check-in queues completely. "BA will be the first full-service carrier in
      217 words
    • 258 18 Reuters [TOKYO] Japan Airlines Corp (JAL) and All Nippon Airways Co (ANA) said yesterday they plan to replace turbine blades in Pratt Whitney engines in Boeing Co 777 aircraft as a precaution. The move follows a series of engine problems that the
      Reuters  -  258 words
    • 570 18 Pricing, financing structure will influence decision Bloomberg [HONG KONG] Viva Macau, the first discount airline in the former Portuguese colony, will announce an order by next month for new fuelefficient aircraft from Airbus SAS or Boeing Co that could be worth as
      Bloomberg  -  570 words
    • 250 18 AP [NEW DELHI] India's internal onal carrier. Air India, has threatened .to groui d overweight cabin staff unless they shed their ex ess pounds. The airline's 1,600 cabin crew workers have been given two months to shj pe up, or risk being
      AP  -  250 words
    • 584 18 CITY man ro wan m sqm3 5i| Ml# AhuHwU BY502A 1215 *»w 2235 A«|» jMjj H s J8SI! lb "m w! m imi liniTunn kASOO 1140 M7901 1245 tap JIM 3HE 25 Mm sas# TTi™i| FT>350f T035 TG40? 0620 (335 ,325 CZ354 1400 <5*561 1115 SO®
      584 words

  • SHIPPING
    • 707 19  -  Move applies to routes between EU and anywhere else including S'pore By DAVID HUGHES in London THE European Commission has, as expected, decided to propose a ban on liner shipping "conferences" and similar arrangements by which groups of shipping companies set common
      FILE PHOTO  -  707 words
    • 456 19  -  By DONALD URQUHART [SINGAPORE] The decision earlier this week by the European Commission to strip the antitrust immunity afforded the liner shipping industry has been heralded as a "watershed" decision by Asian shippers. "We are very happy to hear this news and are happy
      456 words
    • 910 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR A SYDNEY court last month rejected the application of the chief engineer of a container ship not to record a conviction against him after he had earlier pleaded guilty to causing marine pollution while
      910 words
    • 433 19 US, Japan, China may be asked to provide assistance AP [KUALA LUMPUR] The US. China, Japan and other powers may soon be asked to contribute equipment and expertise to help fight threats such as piracy in the world's busiest shipping lane, officials said
      AP  -  433 words
    • 200 19 Bloomberg [LONDON] Associated British Ports Holdings pic (ABP), the biggest operator of ports in the UK, said operating profit rose about 3 per cent this year. "The group is well positioned to deliver higher growth in its UK ports business during the second
      Bloomberg  -  200 words
    • 296 19 S6X '000 Ok 15 S$ W- Vol CH Offshore 0.36 unch 313 Chuan Hup .0.37 unch 599 Cosco Corporation 2.25 0.01 5234 CWT Distribution 0.82 -0.01 42 EzraHldgs 1.41 0.02 145 Freight Links 0 07 unch 398 Grand Banks Yacht .0.90 unch 0 Java Holdings 1.22 unch 1994
      296 words
  • Page 19 Advertisements
    • 30 19 TO THE WINNER OF A TRIP TO THE MASTERCARD CHAMPIONSHIP IN HAWAII Mr Ang Bon Par, Philip NRIC: SXXXXIS9A m f* UNITED OV€RS€AS BANK ■MflNMl urrvtod Company tag No iwaoooaz
      30 words

  • EDITORIAL & OPINION
    • 539 20 EDITORIAL CRITICS of trading in structured warrants would probably have noted with grim satisfaction the problems China has encountered with warrants trading. Industry players in China last week complained of a huge speculative bubble building in warrants that is draining liquidity away from underlying
      539 words
    • 1319 20  -  Small companies have been able to carve a niche by targeting small oil and gas fields By DONALD GREENLEES IHT W Santosa started in Indonesia in 1968, it was dominated by a state-owned foreign multinationals. The only job he could get was as a
      IHT; MEDCO ENERGI  -  1,319 words
    • 712 20  -  THE BOTTOM LINE SHOEB KAGDA Jakarta Correspondent WITH inflation now hovering at 18 per cent per annum and interest rates climbing sharply, Indonesia's economy is facing a bumpy road for the first quarter of 2006. The Central Bank has warned it will
      712 words
    • 874 21  -  Three of them have been successful there, paving the way for SMEs to follow in their wake GEORGE JOSEPH Transportation Editor Kazakhstan is a huge country of 2.7 million square kilometres, making it the ninth largest in the world. But deep down inside the territory is
      KAZAKHSTAN INVESTMENT PROMOTION  -  874 words
    • 669 21  -  ASHOK KUMAR In Mumbai INDIAN salaries are heading towards international levels. This is good news, indeed. But the flip side is the accompanying hype and hoopla that it would erode the competitiveness of corporate India. How true is this? That the re-pricing the
      669 words
    • 918 21  -  WILLIAM PESEK JR Bloomberg Thomas Friedman's "The World Is Flat" is a fascinating read, especially while visiting one of the nations that is supposed to thrive amid the borderless world created by globalisation and technology. In my case, Sri Lanka. Walking the streets
      Bloomberg  -  918 words


  • 9734 22 SGX M AINBOARP 52-Wk Td latt Vol Day lartQuot# GrOiv Div GfYW Nat MCap High law Coda Conyjny Sate +<• (HOP) Hlgli Urn »uy*f Mto CV HE Swl 7.5 2 5716 1st Software 5c 2.5 unch 320 2.5 2.5 2.5 3 10.1 22 6 3148 8TetecomUS2c .7.5 unch
    9,734 words

  • 6205 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In IKS dy yr dy %yr dy Syr Dt 14 Index Change Change Change Change Change Change Work) Inda Preliminary 9693 -0.1 <3.7 0-2 11.1 0.4 8.6 t EAFE Preliminary 953.8 -0.5 23.5 0.4 13.4 0.6 109 Europe
    6,205 words

  • Page 24 Advertisements
    • 1275 24 V v NYK GROUP SOUTH ASIA PTE LTD \l"_ Aim «r 7EL6295 0123 XV A AIXNE CStodf M 311 LINE Fax: 6292 2856 (Regional sates) 6239 7109 (OPS)/ 6299 5785 (Documentation) 11 NIPPON YUSEN KAISHA TOKYO SO#»AXU KASMA. LTD (C/R NO **********08 C SENATOR LINES BBSS HNIIOft (SJJL) H# Ud
      1,275 words
    • 579 24 IwnRAHA ROUP SERVICI vcsa/vor iwm hbgwiwb m «n to s» jkt nwns*BmiK2Vos is 3.2 74/11 17/11 30/11 03/12 os/12 s«Ans*Bmi«t?s/os 1$ 3.1 07/12 I SHAFTS VBffUK 24/05 15 3J 11/12 21/12 01/01 00/01 06/01 IAUWRAUAN RORO SBMCE I vßsa/vor MfffDi «GHni| io j aw iwb STP Ma r la FWft/49
      579 words

  • Page 25 Advertisements
    • 1321 25 www.homburgsud.com ASIA SMYKi SUNG 1 (EXPOCT) ASM SIIVKISUMSI (EXPORT) ETA nA Voinl/Vwo SINGAPORE DURIAN SEPETIOA SANTOS ITAJAI PARAMAOUA Vwid/Vw— SINGAPORE MUNOS AIRES mOGRANOE SANTOS SIPETOA NYK Baraio 002W 21/12 01/01 11/01 12/01 14/01 15/01 IwMIOIW 17/12 N/01 12/01 14/01 15/01 (op Cornel 505W 21/12 08/01 11/01 19/01 21/01 22/01 CopAzul
      1,321 words
    • 1265 25 rasa VOY SIN jkt hkg khh iwc kyh PUS VESSEL VOY hSn jkt sub hkg ush pus HY VLADIVOSTOK 169S 22/12 24/1? W/12 31/1? 2/1 4/1 4/1 KMTC SINGAPORE 517S 1«/12 21/12 22/12 27/12 31/12 1/1 HY PROCESS 106S 29/12 31/12 5/1 7/1 9/1 11/ l 11/1 KMT(JAKARTA SI7S 25/12
      1,265 words
    • 777 25 m 8i(3!i c Ae WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS vessel vor sin fjqanglcoiomo n. sheva Icolomio mmn noww 2UB 27 DK 31 DEC 03 JAN 06 JAW KQTAPHUAM* VPMOW O?JAM 03JAW 07JAN IQJAH 13JAW HOWUH HIDGE 0048W W JAM 10 JAW 14
      777 words

  • Page 26 Advertisements
    • 1346 26 WAN HAI INTERNATIONAL PIK LTD a NO: 14M*****00/R \W\ WAN HAI LINES SSSMWY vvnil llfll Ulllii# mi&miMMMMfcmmi&NNNißiMziimoMfciMizmiM JOH IB: (07) 251W23 HUk (07)*****21 Sill TH: (031)*****75 FAX: (031)*****14/*****05 www wanhal can %a JKTIH: (021) S2S4IM MX: (021) *****5S PUN IB: 7163a0/*****l FAX: *****9 WWW.WIIIII.IM.H MIH: (Oil) 4157M3 BUL (041) *****25/*****04
      1,346 words
    • 1084 26 vgsa vor sm pou vissa yot sin jkt PACIANDA 1625* I|/12 19/11 PACOWIAII 9329 ***** H7jj sstm ana: mi um J"™ jjg— jy. j Zg/jjlZ PAC 6AHPA 1626N mi Kg™ 1751 i!si Sff fAC PAHPA U2ZH 21/11 B/H Bm mr M -SUM mst urn a/i? 1% -M— os/i mum ma
      1,084 words
    • 616 26 BSA x o MYANMA HH FIVE STAR LINE (Myanmar National Uao) Loading lor Yangon Vtssa VOY SIN PKI PEN PGU PAGAN 341W SU> PAGAN 349W SU> IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKb 03-300 SI Ml PEN: 04-*****15 ACCEPTINB CONVENTIONAL CBO VESSB VOY HKG SM PKI KOI TNITy SDK TWU HON
      616 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8241 27 ETA ETA Admrfeer Vessel Voyage Telephone SIN Desfn Name Name Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 24/12 24/01 China Shpg CMA COM SEINE SX197W *****898 27/12 20/01 Delmas VERONIQUE DELMAS 606W *****344 28/12 07/02 China Shpg CMA CGM ELBE SX199W *****898 02/01 27/01
      8,241 words
  • Page 27 Advertisements
    • 352 27 HNordana (Asia) Pie Lid 7 70 SlmrtM Way, *21-03 MariM House Singapore 0791 It NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VESSEL VOY SjBW Fiwlk Com B (hist—* Idd PwlrMi Island Express 1E503 X 19 Pet 280k 31 Dec 07 Jon Island
      352 words
    • 392 27 FREIGHT LINKS EXPRESS PTE LTD 51 Pfenjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 Website: http://www. freightlinks.net j SOUTH AMERICA CHILE I I 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
      392 words
    • 292 27 HHHHIIGaSEIk 344N 17 11/12 23 25/12 31-01/01 I ■PSflWl TIGER SKY 345N 20 21/12 27 29/12 03-04/01 I ■iUSUiSUfI TIGER WAVE 346N 25-26/12 31-01/01 07-08/01 I ■£T7Trn TIGER PEARL 347N 27 28/12 03-05/01 1011/01 ■■■■■TIGERSEA 348N 31-01/01 06-08/01 14-15/01 I TIGER SKY ***** 03-04/01 10-12/01 17-18/01 ■nTTT7iHI»ttfSLMTSE 633 19-70/12 27-29/12
      292 words


  • WINE
    • 1187 29  -  A personal cellar offers convenience and luxury, says N K YONG who shares his perspective on how to start one N K YONG I BEGAN collecting simply because it seemed like a good idea. When I decided to take wine seriously, a personal cellar
      FILE PHOTO  -  1,187 words
    • 895 29  -  By GEOFFREY EU FIFTEEN years ago, Florence Cathiard's knowledge of fine wine was confined mostly to drinking it in fancy restaurants. Now, she's the owner of a famous Bordeaux wine estate Smith Haut Lafitte who relishes her role as a "luxury
      895 words
  • Page 29 Advertisements
    • 30 29 Cry »t* I Wioti I 491 River Valley Road. #014)2/03 Valley Point Singapore *****1 I Tel (65) 6737 3540 eMail retail®crystaKvines com I Open Daily tiom 11am to Bpm I
      30 words
    • 107 29 M Bordeaux Prices Are Lower At Brix! Free Excusive Food Hamper Worth $70 with purchase of 12 bottles! 18th Nov 30th Nov 2005 Closdu Marquis 1998 $85 Net! Faurie de Souchard 1998 $65.50 Nett Lafon Rochet 1998 $71.50 Nett Lagrange 2001 $74.50 Nett Les Fiefs de Lagrange 2000 $58 Nett
      107 words
    • 26 29 ARGUABLY SINGAPORE'S BEST SELECTION OF TOP AUSTRALIAN WINES c d^ey <= Vianey Distributor of Fine Wines 40 Holland Grove Road Singapore *****1 Tel: 6462 0053/*****170 Email: le.vigne@pacific.net.sg
      26 words
  • Page 29 Miscellaneous
    • 179 29 CRYPTIC CROSSWORD DOWN 1 Asinine sound, yelp right to ble some 10 YESTERDAY'S SOLUTION be included (4) H Despondent revelation of a Across: 4 Antihero. 8 Escape, 9 2 Rum fdlow in his own parte- cardiograph? (5-8) Acco iade, 10 Autocues, 11 Slogan, übr sphere (7) 13 Display not operational
      179 words

  • PROFILE/CINEMA
    • 1334 30  -  Writer Jeffrey Archer he of the implausibly chequered career tells PARVATHI NAYAR he has his hands full getting on with life PARVATHI NAYAR JEFFREY Archer dismisses honorifics such as "Lord Archer" and settles down to a brisk discussion of his newest book, False Impression. It's immediately obvious
      YEN MENG JIIN  -  1,334 words
    • 531 30  -  CINEMA By PARVATHI NAYAR TAKE a blonde who can scream, a 25 foot/8,000 pound gorilla, perch them both atop the Empire State Building, and what do you get? Surprisingly, a stunningly effective remake of the 1933 black-and-white favourite, King Kong. That's no mean
      531 words
    • 461 30  -  CINEMA By PARVATHI NAYAR YOU know the doggerel verse you sometimes see on pencil boxes manufactured in Japan: beautiful words strung together that add up to precisely nothing? That's what Chen Kaige's The Promise is like; lots of promisingly beautiful imagery, set action pieces, and epic sounding
      461 words

  • LEISURE/ARTS
    • 360 31  -  By CHEAH UI-HOON WITH Singaporeans taking to the high seas, cruise holidays have also docked in Singapore taking luxury travel to another dimension. Think a four-night cruise from Nice to Monaco, with tickets to the 2006 Monaco Grand Prix included, from $7,873 upwards. Or a
      360 words
    • 287 31  -  DANCE By CHEAH UI-HOON WHENEVER this time of the year rolls around, ballet fans the world over troop to concert halls to watch The Nutcracker, the classic Christmas production. It's a time-honoured tradition for the Singapore Dance Theatre (SDT) as well, having staged the
      287 words
    • 331 31  -  DANCE By STEPHANIE BURRIDGE IT'S a cliche but a fair one: LA Dance Connection (LADC) rocks. The local dance company is vibrant, full of energy and talent, and reflects the title of their dance performance last week titled Hope Street. Hope Street was the
      331 words
    • 231 31  -  MUSIC By MATTHEW PHAN "DURING any performance, any one of my soloists can stand up and lead the big concert," boasts Bohodar Kotorovych, creator and conductor of the Ukrainian string ensemble. The Kyiv Soloists. The ensemble's flexibility was tested and proved at the Esplanade Concert Hall
      231 words
  • Page 31 Advertisements
    • 125 31 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 mKtKKKKKm ..».*> j_ i i iiji.. m Jul M 11 'V H gtwy M ..i'.. BT mm —ga»TiBp- '•''k^yiiu^ M j I I
      125 words

  • executive lifestyle
    • 740 32  -  COVER STORY Cruises and boats are getting popular as party venues, says CHEAH UI-HOON CHEAH UI-HOON With Singaporeans game for out-of-the-norm leisure activities and companies ever on the lookout for unusual venues, boats like The Rising Tide have had their sails blowing in the wind for a good
      740 words
    • 572 32  -  off the cuff jaime ee IN THE movie King Kong, the annoying filmmaker Cart Denham (played by the annoying Jack Black) tricks his leading lady Ann Darrow into thinking they are going to make a film in Singapore. Of course, we all know that's not
      572 words
  • Page 32 Advertisements
    • 71 32 W PROFILE Writer Jeffrey Archer has his hands full w- r 'am mmi > i fOPSSn s, Wm- Wk V^ 3 v4B: ffS -iv w Trlrmm \SIHB■ .^^■^^^^h££H. flDnj 1 r En toNhH 8 f Kb I v /lis f 1 I 9 1 ■If,. S B fR- II V
      71 words