The Business Times, 17 December 2005
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2005-12-17
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The Business Times
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Title Section14 2005-12-17 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents MICA (P) *****3/2005 December 17-18, 2005 online14 words
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Article, Illustration675 2005-12-17 1 UMA SHANKARI - With shopper traffic stronger than expected, sales are likely to top the $7.3b of Q4 last year By UMA SHANKARI [SINGAPOREI With just a week left to Christmas, shoppers are invading Orchard Road much to the delight of retailers who are playing Jingle BellsYEN MENG JIIN - 675 words
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735 2005-12-17 1 ANNA TEO - Key members doubt positive outcome this weekend By ANNA TEO in Hong Kong BUSTLING Hong Kong's sights and sounds and shops may beckon. But for trade negotiators and campaigning activists alike, those pleasures are furthest from their minds as the past week's posturing735 words
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Article134 2005-12-17 1 STI 2.325.53 (-0.20) ST INDEX FUTURES 2,326.00 (-1.00) SIMSO 274*43 (+0.17) SIMSO FUTURES 275.00 (+1.10) MARKETS Friday Change KLSECOMP 893.37 -1.61 NIKKEI 225 15.173.07 -81.37 HANG SENG 15.029.81 -29.21 SET INDEX 691.17 +0.68 JAKARTA COMP 1.143.43 -12.54 MANILA COMP 2,047.56 -24.11 SEOUL COMP 1,321.04 -16.64 SHENZHEN 8 191.74134 words
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Page 1 Advertisements
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Advertisement12 2005-12-17 1 nmnn HE in full swing ~r,.t«i wv 1 linn 8 *****1 *****412 words
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Advertisement265 2005-12-17 1 Ml RAFFLES Jmm CONVERSATION n A I/ ii ot_- Hem Kownaas on Spore pg!^ ,^"¥¥?*-V < «rte#< YI-%w*i|L. < A- FOOD Tmfeeysin ASMUI nrftSßlily ,g Queen Marie-Antoinette 's passion for Breguet watches is legendary. She was a trendsetter, and if she wore a Breguet, everyone who aspired to la mode"265 words
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TOP STORIES
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Article, Illustration794 2005-12-17 2 KALPANA RASHIWALA - Ambition is to open mail component by Christmas 2008 By KALPANA RASHIWALA [SINGAPORE] Capita Land and Sun Hung Kai Properties (SHKP) will, in all, invest about $2 billion developing a mall and luxury condo on the Orchard Turn site. The outlaySource: JU,CBRE,UBS (Global Real Estate Analyzeer) & Capital and Research - 794 words
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Article, Illustration392 2005-12-17 2 Source: The Globalist The richest in Asia Asia is widely regarded as the world region with the greatest potential for economic growth. And sure enough, millions of Asians have been lifted out of poverty by strong growth over the past several decades We wonder: Which Asian country or territorySource: The Globalist - 392 words
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Article518 2005-12-17 2 Singapore IPO market flounders SEVERAL companies have withdrawn their preliminary listing prospectuses after lodging them, with some citing weak IPO sentiment. The main reason for investors turning away from IPOs, according to market players, is the poor showing of many new listings. COMPANY NEWS, PG 3 SIAS urges518 words
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Article, Illustration604 2005-12-17 2 CHUANG PECK MING - By CHUANG PECK MING [SINGAPORE] Powered by strong shipments of electronic and non-electronic items, Singapore's key nonoil domestic exports (NODX) jumped 14 per cent year-on-year in November to $12.9 billion the best monthly increase for 2005. And even though the NODX dipped aSource: Int'l Enterprise Singapore - 604 words
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Article, Illustration715 2005-12-17 2 CONRAD RAJ - SATURDAY SOAPBOX CONRAD RAJ Senior Correspondent FRIENDS and colleagues, when they heard my apartment block was going to be sold en bloc, rushed to congratulate me on my supposed "good fortune". But when they found that I was not as715 words
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COMPANY NEWS
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Article, Illustration805 2005-12-17 3 LESLIE YEE - CORPORATE ANALYSIS A spate of events this week and over recent months show the lacklustre state of the market, says LESLIE YEE LESLIE YEE IF ADDITIONAL confirmation were needed that the initial public offering (IPO) market in Singapore is weak, events this week provided it. On Monday,805 words
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GRAPEVINE
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Article157 2005-12-17 3 ONE would have thought that property giant Capita Land, fresh from its victory at the Orchard Turn tender, would be happy to declare its ambitions on other upcoming land tenders in the Orchard Road belt, like the two sites on either side of Somerset MRT Station and Specialists'157 words
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Article87 2005-12-17 3 ALLIES of Southern Bank chief Tan Teong Hean may be keen to start talks to buy the Sultan of Selangor's stake in the Malaysian lender, according to the grapevine. The move, if successful, will help Mr Tan fend off predator Bumiputra-Commerce Holdings, which is in talks with the87 words
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Article79 2005-12-17 3 THESE days, the toothpick is not just a tool to pick your teeth. A couple of Australian journalists on their way to Singapore the other day asked for some toothpicks after their meal. The British Airways stewardess replied: "We stopped giving them out since 9/11," referring to the79 words
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178 2005-12-17 4 Reuters [SHANGHAI] Oversea-Chinese Banking Corp has agreed to buy a 10 per cent stake in China's Ningbo Commercial Bank for about 200 million yuan (5541.3 million), a senior executive at the Chinese bank said yesterday. Chinese newspapers have reported OCBC'sReuters - 178 words
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Article, Illustration359 2005-12-17 4 SIOW LI SEN - His stake in UOL rises to 20.29% from 18.62% By SIOW LI SEN WEE Cho Yaw is proceeding smoothly with his plan to tighten his grip on United Overseas Land and United Industrial Corp at the same that United Overseas Bank (UOB),359 words
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497 2005-12-17 4 WONG WEI KONG - It wants them to disclose how they plan to do so and the total involved By WONG WEI KONG THE Securities Investors' Association of Singapore (SIAS) yesterday urged listed companies to make every effort to fully use any tax credits they497 words
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288 2005-12-17 4 UMA SHANKARI - By UMA SHANKARI IN its largest acquisition since its listing, Mapletree Logistics Trust (MLT) has entered into a $45 million put and call option agreement to purchase the corporate headquarters of mainboard-listed Fu Yu Corporation, a supplier of plastic moulds. The eight-storey288 words
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Article, Illustration543 2005-12-17 4 R SIVANITHY - Maximising profits or minimising losses? STOCKS R SIVANITHY Senior Correspondent DIEHARD market players will tell you "no race has ever been won from the sidelines". Alternatively, they might say "you have to be in it, to win it". The two pieces of advice mean the same thing if you don't543 words
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Article, Illustration530 2005-12-17 4 DONALD URQUHART - By DONALD URQUHART A VERY strong market for offshore rigs has Keppel Offshore Marine (O&M) ramping up capacity at its Philippine yard to cope with demand which has yet to peak, according to chairman and CEO Choo Chiau Beng. With an order book530 words
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COMPANY BRIEFS
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68 2005-12-17 4 HOMEGROWN software solutions company Systems Access yesterday said that it may not post a profit for the first hatf of its fiscal year ending Dec 31. In any case, results for the period will be "lower than that of the corresponding period" last year. The68 words
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59 2005-12-17 4 MALAYSIAN businessman Quek Leng Chan's Guoco group has emerged as a substantial shareholder of China Sky Chemical Fibre. Guoco, through its wholly owned Asia Fountain Investment Company Ltd, has increased its interest in China Sky to more than 5 per cent, in one59 words
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Article96 2005-12-17 4 IDG-ACCEL China Growth Fund-A has bought an 8.07 per cent stake in Longcheer Holdings, a China-based designer of mobile handsets, which was listed on the mainboard in May. The fund bought 32 million shares at 35 cents each from Tomorrow Electronic Co. As a96 words
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Article51 2005-12-17 4 UNITED Engineers (UE group) has established a wholly owned foreign enterprise in Beijing, UE Asia Pacific (Beijing) Co. The new entity will support the UE Group's project packaging and management activities in China, and will act as an investing arm for future property-related51 words
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112 2005-12-17 4 REACTING to Indian press reports, Lee Kim Tah Holdings yesterday said the purchase by Singapore Realty of 102 acres in Chennai's Siruseri Sipcot Information Technology Park for the development of an integrated township project was in accordance with a memorandum of understanding signed by112 words
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88 2005-12-17 4 Bloomberg SINGAPORE Airport Terminal Services, the ground-handling unit of Singapore Airlines, yesterday said it handled 4.2 per cent more passengers last month. The company dealt with 2.32 million passengers in November, an increase from 2.23 million in the same month last year. ItBloomberg - 88 words
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233 2005-12-17 4 MAINBOARD-LISTED LifeBrandz yesterday announced a first quarter net loss of $5.7 million for the three months ended Oct 31. The group saw its bottom line drop by 370 per cent from a profit of $2.1 million in the corresponding period a year233 words
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Page 3 Advertisements
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RAFFLES CONVERSATION
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Article, Illustration1557 2005-12-17 5 PARVATHI NAYAR - World renowned architect Rem Koolhaas talks to PARVATHI NAYAR about the philosophy that shapes his unconventional work PARVATHI NAYAR fVb 1W isionary and m implementer m philosopher m and pragmatist m theorist and prophet an H architect mf whose ideas about buildings and urbanYEN MENG JIIN - 1,557 words
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Article389 2005-12-17 5 PARVATHI NAYAR - By PARVATHI NAYAR REM KOOLHAAS'S work shows a remarkable range in scale and geography from the highly acclaimed house in Bordeaux designed around the needs of a client confined to a wheelchair, to the ongoing 575,000 sq m headquarters, studio, and cultural centre for China Central Television (CCTV)389 words
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Page 5 Advertisements
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Advertisement8 2005-12-17 5 New York Otftkll Hotels Resorts 'mmlkdMlaommt www.raffles.cofn www8 words
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Advertisement62 2005-12-17 5 Raffles INTERNATIONAL Hotels Sc Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest62 words
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PERSONAL INVESTMENT
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Article1117 2005-12-17 6 MATTHEW PHAN - Compiled by MATTHEW PHAN City Developments Dec 16 date; $175 KM BIG RESEARCH, Dec If CITY Developments has struck an exclusive agreement with Las Vegas Sands Corp to bid for the Marina Integrated resort City Dev plans to take a 15 per cent stake In the projected US$2.5 billion1,117 words
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Article966 2005-12-17 6 For week beginning Dec 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial No* Mc. SHMlMUmO Trans Shareholder/ So* Stem hi "otero {£*> Stock Date Director Cow 0Q> S*t (WO) C—») ECS Hldgs 15-Dec-05 Tay Eng Hoe OE 1113 0.10 ***** 10.75 ***** 10.81 ECS Hldgs 15-Dec-05 Foo Sen Chin966 words
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Article, Illustration1120 2005-12-17 6 TEH HOOI LING - SHOW ME THE MONEY The best bet is to seek those companies that pay decent dividends TEH HOOI LING Senior Correspondent I WAS at a Singapore Society of Financial Analysts event this week for a webcast on "Private Equity Management in a Low-ReturnFILE PHOTO - 1,120 words
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Page 6 Advertisements
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BT INVESTMENT ROUNDTABLE
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Article, Illustration3298 2005-12-17 7 OVERVIEW THE price of gold soared to a 25-year high of over US$54O an ounce this week and, while it then underwent what was widely seen as a necessary correction after its dizzying ascent, many (although not all) experts believe the upsurge in the price of gold3,298 words
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Article, Illustration493 2005-12-17 7 Robert Pringle: Contemporary art works and many other assets will jump into the space opened by governments' systematic destruction of the usefulness of money (bank accounts and cash). Governments will try to clamp down. They will impose more and more draconian penalties, but will never be able to493 words
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SINGAPORE NEWS
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707 2005-12-17 8 GENEVIEVE CUA - MAS proposes the cost to be charged to insurance funds By GENEVIEVE CUA THE cost of a safety net for life insurance policies in the form of the Policy Owners Protection Fund (PPF) can be charged to the life insurance funds, the Monetary Authority707 words
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237 2005-12-17 8 LESLIE YEE - By LESLIE YEE UNDERPINNING the importance it attaches to Islamic banking, OCBC Bank said yesterday it has appointed a full-time Syariah advisory council the first local bank to do so. The council will provide guidance for OCBC's Islamic banking activities in Singapore and Brunei and237 words
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342 2005-12-17 8 CONRAD TAN - By CONRAD TAN MAYBANK is to offer an online one-year fixed deposit that pays an effective rate of 2.88 per cent per annum, for deposits of $25,000 or more. There is a twist. Customers will receive one percentage point of the interest payment up-front342 words
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Article4699 2005-12-17 8 UNIT TRUSTS FUNDS cwgrx>«p Mgt B 1 I 06GlobalBond/ A 1.443/ AM Amro Asset Mgt (S'pore) £*j 077?»0«BS c2 25!** CitiBond S'pore A/$ 1-27* fj GtiBond S'pore 8/$ 1331 StarEwopeBal "52/ C it> Money SGD Class A 1.0337/ s£^B^^~"~" ;£L' Citi Pan-Europe Equity Fund 1.3V n??2 CitiSeleaAsiar*Balanced 1.48/ to Global4,699 words
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854 2005-12-17 9 ALEXANDRA HO - Existing malls headed for makeovers, new openings expected By ALEXANDRA HO THE retail scene in Singapore is preparing for exciting times as shops compete for customers and property companies set store against store. The year ahead will see the initial stages of three plum854 words
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Article235 2005-12-17 9 OH BOON PING - By OH BOON PING MORE local workers are upbeat about the current economic outlook, even though a lower proportion felt that things would get better in the coming year, according to a Gallup Organisation study. The US-based polling specialist said that 59 per cent of the235 words
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Article281 2005-12-17 9 SAMUEL EE - By SAMUEL EE SINGAPORE'S second hydrogen refuelling facility was officially opened by BP yesterday at the one-north technology hub in Portsdown Road. The $1 million facility comes almost one-and-a-half years after the first was launched at a petrol station on Upper East Coast Road. Both281 words
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Page 9 Advertisements
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Advertisement441 2005-12-17 9 CcHufrcrful&tuHis AUTOMATION to the following AWARD GRAND WINNER IA Award 2005 The Most Innovative System Integrator QUANTUM AUTOMATION PTE LTD MERIT AWARD WINNERS 2005 CALISTRA RESEARCH LABS PTE LTD CALVAN SYSTEMS PTE LTD TJ SYSTEMS (S) PTE LTD ORGANISED BY: www.esiaa.com Tel: 6749 1822 An advertising feature Philips SmartTouch-XL HQ9190441 words
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MALAYSIA
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Article, Illustration227 2005-12-17 10 Reuters [KUALA LUMPUR] Malaysian lender RHB Capital Bhd said a judge yesterday dismissed a RM$2O million (SsB.B million) claim by the bank against its founder Abdul Rashid Hussain. "RHB Capital will be appealing against this decision," the country's third-largest lender said in aReuters - 227 words
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224 2005-12-17 10 Bernama [KUALA LUMPUR] The Chi-na-Malaysia consortium which is bidding to build an aluminium smelting plant in Similajau, Sarawak, has offered to buy all the power generated by the Bakun hydroelectric dam at two US cents per kilowatt-hour. The proposed aluminium smelting plant is initiallyBernama - 224 words
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Article7722 2005-12-17 10 Transaction date: Dec 16 S2-Wk Tel Last Vol Day Lact Quota GtDki Mr GrYM Nat MCa> Bah law Coda Compaq Sak +l- P»H «j» Low fciyr Salar Cw M M 7.5 2 5716 1st Software 5c 25 unch 275 2.5 2.5 2.5 3 10.1 22 6 3148 8Te)ecom7,722 words
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Article, Illustration356 2005-12-17 10 S JAYASANKARAN - It doses at RM1.03, against institutional offer price of RM1.01 By S JAYASANKARAN in Kuaia Lumpur STARHILL Reit, Malaysia's largest real estate investment trust, debuted disappointingly on the Kuala Lumpur stock exchange yesterday, closing at RM1.03 (550.46) amid heavy trading that counted for nearlyBLOOMBERG FILE PHOTO - 356 words
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170 2005-12-17 10 Bernama [PUTRAJAYA] Tenaga Nasional Berhad's proposal to raise power tariffs by 10 per cent next year has not reached the Cabinet yet, Prime Minister Abdullah Ahmad Badawi said yesterday. Therefore, there was no discussion on the matter, Mr Abdullah said whenBernama - 170 words
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INDONESIA
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Article523 2005-12-17 11 Pertamina develops new system to cut time and hassle for investors [JAKARTA] In an apparent attempt to get ahead in the new competitive fuel retailing environment, state oil and gas firm PT Pertamina has developed a new system to cut time and hassle for investors523 words
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Article5579 2005-12-17 11 Transaction Date: Dec 16 MOST ACTIVE STOCKS VOLUME VALUES) GenlntUSIOc 67.473.000 SingTel 15c 48,295,731 UniFiber 10c 24.151.000 SPH 20c 45.873.100 SingTel 15c 18.624.000 DBSGrp 44,274,036 GlobalVoice 5c 15.681.000 UOB 32,275,950 Celestial US6c 11.198.000 Keppel Corp 50c 29,122,750 SPH 20c 10.781.000 SIA50c 25.653.050 DMXTech US5c 10.657.000 Gen IntUSIOc 25,157,980 Landwind5,579 words
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182 2005-12-17 11 AFP [JAKARTA] Indonesia is to require prepaid mobile phone users to register their numbers by April next year in a bid to reduce fraud and deter terrorists, said Gatot Dewa Broto, spokesman for the directorgeneral of post and telecommunications yesterday. Prepaid mobile phone usersAFP - 182 words
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GREATER CHINA
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620 2005-12-17 12 First Reit of mainland Chinese buildings draws US$28b in orders Reuters [HONG KONG] The first property trust made up entirely of mainland Chinese buildings priced its US$23O million IPO at the top of the range yesterday, after drawing ordersReuters - 620 words
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229 2005-12-17 12 Reuters [SHANGHAI] China may be pondering a widening of the yuan's wafer-thin daily trading band against the dollar to more closely match fluctuations permitted against other currencies, a major newspaper cited unidentified industry insiders as saying. China revalued the yuan, also known asReuters - 229 words
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Article2296 2005-12-17 12 VOL General Corp .0.42 unch 158 DtU KM +1- COOP) Genting -20 JO -0.30 615 George Kent .0.99 unch 41 A M Realty 1.47 unch 0 GHL Systems .0.10 -0.01 5 Abric 0.29 -001 56 Globetronks Tech .0.32 unch 208 ACP Industries 0.66 0.01 56 GlomacBhd 0.99 -0.012,296 words
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Article174 2005-12-17 12 [HONG KONG] Investors buying more than 5 per cent in a Hong Kong-listed real estate investment trust (Reit) will be required to disclose their holdings both to the manager of the Reit and the stock exchange, the South China Morning Post reported the Securities and174 words
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BRIEFLY ASIA
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61 2005-12-17 12 [SHANGHAI] China's national welfare fund will start investing overseas in the first half of next year, with its initial phase of investment not exceeding US$l billion, the official China Securities Journal reported yesterday. The fund's head, Xiang Huaicheng, said it should have no problem61 words
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63 2005-12-17 12 Reuters [BEIJING] China will revise up the size of its economy in 2004 by 16.8 per cent next week, a government source said yesterday, a move that could catapult China from the world's seventh-largest economy into fourth spot. "The underestimation of the services sectorReuters - 63 words
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58 2005-12-17 12 Reuters [TAIPEI] Taiwan's second-largest listed financial holding company, the state-run Mega, yesterday said it will buy up to 26 per cent of Taiwan Business Bank in a deal valued at about US$3OO million. Mega Financial Holdings Co said its investment in Taiwan's ninth-largestReuters - 58 words
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67 2005-12-17 12 Reuters [SHANGHAI] China could consider allowing more companies to secure various assets to help expand their fund-raising channels, a senior central bank official was yesterday quoted as saying in state media. "In the future, we could consider securitising assets such as accounts receivable and rentalReuters - 67 words
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38 2005-12-17 12 AP [BANGALORE] India is to beef up laws protecting data that international companies entrust to local outsourcing companies, the country's software trade body, National Association of Software and Services Companies, said yesterday. —APAP - 38 words
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Article, Illustration70 2005-12-17 12 [HONG KONG] Members of Friends of the Earth International playing "WTOpoly". a large board game similar to the popular game Monopoly, at Victoria Park in Hong Kong yesterday. The focus on agriculture in key World Trade Organisation (WTO) talks in Hong Kong this week risks underminingREUTERS - 70 words
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285 2005-12-17 12 Reuters [HONG KONG] The world's fifth-largest listed oil company. PetroChina Co Ltd, yesterday said it is "actively considering" buying PetroKazakhstan Inc from its parent in a move that would bolster the listed company's assets beyond energyhungry China. The possible deal had been widely expectedReuters - 285 words
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Article242 2005-12-17 12 Playing Mao a role to die for Reuters [BEIJING] Getting that Chairman Mao look nearly cost the life of a budding Chinese actor who went on a purge and binge eating regime to portray the late Chinese leader from his lean youth to portly old age. The man. a multi-millionaireReuters - 242 words
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INDIA
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475 2005-12-17 13 The Indian company is aiming to win the right to explore for oil there [MUMBAI] ONGC Videsh Limited (OVL) is lining up billion-dollar infrastructure development projects for Kazakhstan to secure oilfields, says a report in the Business Standard. India's OVL is keen to ink475 words
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Article, Illustration377 2005-12-17 13 Bloomberg [NEW DELHI] India wants to narrow the divide between rural and urban areas with its plan to spend as much as 1.76 trillion rupees (5564.6 billion) in the next four years to boost jobs, incomes and infrastructure in its villages. Prime Minister ManmohanBloomberg; REUTERS - 377 words
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295 2005-12-17 13 Reuters [MUMBAII India's largest private refiner. Reliance Industries Ltd, has won a government contract to supply aviation fuel at 12 airports, entering an area dominated by state-run oil firms, a company source said yesterday. Federal agency Airports Authority of India (AAI) has selected RelianceReuters - 295 words
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Page 13 Advertisements
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Advertisement19 2005-12-17 13 N OT ICES T ,f E.na.1 n 0l ,ce, spn.com sg r- •/>' illHtf* f"-j fryF 4 |»1 •> tj" ?> i^n19 words
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Advertisement380 2005-12-17 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BLUE CROSS MEDICAL CONSULTANCY (S) PTE LTD (Co. Rag. No. *****0615 C) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the380 words
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Advertisement1016 2005-12-17 13 ORANGE DESIGN PTE LTD (Company Registration Number *****3080 C) (Incorporated In the Rdpubfic of Singapore) NOTICE (Pursuant to Section 76(10)(h) of the Companies Act (Cap. 50)) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the Company convened and held on the 15th day of December 2005, the1,016 words
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Advertisement1152 2005-12-17 13 CITIGATE SU YEANG DESIGN PTE LTD (Company Registration Number *****4083H) (Incorporated in the Republic of Singapore) (the "Company"). NOTICE (Pursuant to Section 76(10)(h) of the Companies Act (Cap. 50)) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the Company convened and held on the 15th day of1,152 words
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ASIA-PACIFIC/WORLD
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534 2005-12-17 14 New board members getting options and stock worth millions of dollars Bloomberg [NEW YORK] Google Inc's surging stock price made its employees the envy of Silicon Valley. Now the same may happen with the search engine's corporate directors. The companyBloomberg - 534 words
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Article, Illustration382 2005-12-17 14 PAYOUT TIME US$111.7m stock, US$60m cash bonus given out to 17 managers Bloomberg [NEW YORK] Morgan Stanley gave acting president Zoe Cruz a year-end stock bonus of almost US$l4 million. Neal Shear, co-head of institutional sales and trading, got US$l6 million. The awardsBloomberg; BLOOMBERG - 382 words
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Article, Illustration353 2005-12-17 14 Bloomberg [NEW YORK] Goldman Sachs Group paid chief executive officer Henry Paulson about US$37 million in shares and stock options after posting a second straight year of record earnings. Fiscal 2005 profit at the third-largest securities firm by market value rose 24 per cent toBloomberg - 353 words
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WORLD WATCH
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90 2005-12-17 14 Cox [ATLANTA] Coca-Cola Enterprises' retiring CEO will be leaving with more than US$lO million in severance benefits from the company. John Aim, who announced his retirement earlier this month amid a disappointing financial performance at the world's largest soft drink bottler, will getCox - 90 words
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Article76 2005-12-17 14 Reuters [TOKYO) Top Japanese household products maker Kao Corp said yesterday it will buy Kanebo Cosmetics in a deal that values the latter at 410 billion yen (555.88 billion), seeking faster growth in the lucrative global cosmetics market. The deal would nearly quadruple Kao'sReuters - 76 words
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59 2005-12-17 14 Reuters [SEOUL] SK Corp, South Korea's top oil refiner, yesterday signed a final contract to buy smaller rival Inchon Oil for US$3 billion. The acquisition will boost SK's overall oil refining capacity by a third to 1.115 million barrels per day, makingReuters - 59 words
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72 2005-12-17 14 Bloomberg [SEOUL] South Korean scientist Hwang Woo Suk said he is retracting a landmark study on stem cells after acknowledging "human errors" in some of the documentation. He denied media reports he had falsified results of his research published in the journal Science in May.Bloomberg - 72 words
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386 2005-12-17 14 LATEST US DATA AFP. Reuters (WASHINGTON] The US current account deficit fell slightly in the third quarter on a jump in payments from foreign insurance companies for hurricanerelated damage, the Commerce Department reported yesterday. The broadest measure of trade and capitalAFP.; Reuters - 386 words
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242 2005-12-17 14 OH BOON PING - By OH BOON PING THE Singapore Tourism Board (STB) is planning a series of activities to welcome the arrival of the Clipper Round of the World Yacht Race next month. "We are pxcited about hosting crew members of the yachts and will offer them a242 words
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Article, Illustration445 2005-12-17 14 Reuters. AP [TOKYO] The walking childlike robot from Honda Motor Co can now serve tea, push a mail cart and gallop along at twice its previous pace the latest in the Japanese automaker's quest to replicate human movement. The 1.3m-tall, bubbleheaded robot named Asimo has alreadyReuters.; AP - 445 words
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Page 14 Advertisements
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Advertisement37 2005-12-17 14 8 Lianhe Zaobao I Investing in China: I I Yanlord Group I I chairman I m mTT® I fie ■AIII I I I I lIIHII B I M I I shares his I I experiences I \JLmM37 words
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MOTORING
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Article, Illustration549 2005-12-17 15 SAMUEL EE - Its prices are 20% lower now after the setting up of a national sales company, reports SAMUEL EE SAMUEL EE THE new Azure may cost $1.3 million, but the price of a Bentley in Singapore has actually been revised downwards by as much as 20 per cent549 words
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Article, Illustration695 2005-12-17 15 SAMUEL EE - With exactly eight more days to Christmas, wouldn't it be nice to find something under the tree that will get you all revved up each morning? SAMUEL EE lists eight presents that the autophile might like to unwrap over the course of the week SAMUEL EE Facom695 words
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GOLF
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Article, Illustration1056 2005-12-17 16 JUSTINE MOSS - In a boost to the game, corporate entities are increasingly looking to sponsor tournaments in the region, JUSTINE MOSS reports JUSTINE MOSS IT'S no secret that tournaments in the US and Europe have been the beneficiaries of corporate money tills for many years, with organisations allocatingPAUL LAKATOS/UBS; HSBC - 1,056 words
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Advertisement589 2005-12-17 16 wine&dine withweekendßT Ahltoit new pictorial a la carte menu of < for^^»d»o^?for«clrwv mouth-watering dishes and a unique poolside dining experi- cetebratwns,yougetaloper<eritdfea)urttPnc»:slWK>+++ Mondays id Thursdays. (Inner only. Present The Business Times (acMt).sll.So+++(dil4. softdrirtefarallbuto ES2z£?' wnh ,> SSk'ffi riftta? experience from the Chinese. Malay and Indian five show 41Cuppagelload.TeL67SS4955 W tu s^^orkaßudonats7.son«t.indusiwofaaipo(589 words
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WELLNESS
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Article, Illustration1185 2005-12-17 17 CHEAH UI-HOON,PARVATHI NAYAR - No price can be put on the gift of health, but there are gifts that can enhance your friends and families' well-being. CHEAH UI-HOON and PARVATHI NAYAR suss out some of the new products in the market to look out for CHEAH UI-HOON,PARVATHI NAYAR Turn on1,185 words
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Page 17 Advertisements
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Advertisement332 2005-12-17 17 ir An advertising feature Say hello with sonic confidence THERE'S more a natural, handsome than just more significantly, it means good that impacts one's and physical well-be-By virtue of Its function, the mouth is conducive for plaque formation or bacteria growth causing gum diseases, tooth decay and even certain health332 words
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Page 17 Miscellaneous
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Miscellaneous98 2005-12-17 17 CRYPTIC CROSSWORD ACROSS 2 Connect a non-drinker with a worker gets honour (9) Engross one set of French jM^-— Jj ~~jj 28 Judgement conveyed to inde- YESTERDAY'S SOLUTION pendent soldiers finally n CVA caught (9) 1 9 Down: 1 Bray. 2 Oddball, 18 Tenable. 20 Paragon. 21 Profit, 9 Andorra,98 words
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SHOPPING
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Article, Illustration1370 2005-12-17 18 CORINNE KERK - With just a week to go before Christmas, some stores here are helping busy clients buy gifts for their loved ones, says CORINNE KERK CORINNE KERK IT'S A week to Christmas. And even though you told yourself you won't leave Christmas shopping to theARTHUR LEE - 1,370 words
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IN STORE at the malls
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Article, Illustration69 2005-12-17 18 ONE ofTod's latest moccasins, better known as the Gommino, is geared to kick up a storm in the fashion arena. Thanks to its classic Italian style and detailed leather craftsmanship, the casual-chic moccasin is sleek and comfortable. Inspired by the driving shoes used in the 50s, with69 words
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Article, Illustration63 2005-12-17 18 FURLA's Babydoll nappa purse, with its lovely ribbon design, is one palm-sized accessory that's hard to resist this retail season. Soft to the touch, its understated presentation will bowl over even the sophisticated fashionista. Also available in pumpkin orange, light emerald and Quarzo pink, it retails at63 words
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Article, Illustration79 2005-12-17 18 MIKE CHUA - By MIKE CHUA GOING wireless has never sounded so good, promises Motorola. The H7OO is an improved version of its already impressive predecessor, the HSBSO. Smaller in size and clearer in voice clarity (with new noise reduction and echo cancelling technology), the H7OO also offers up to79 words
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TRAVEL
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Article, Illustration1363 2005-12-17 19 CHEAH UI-HOON - With its picturesque Halong Bay, world heritage sites and remnants of colonial past, Vietnam will not disappoint the adventurous traveller, says CHEAH UI-HOON CHEAH UI-HOON IT'S SCENIC and atmospheric but most of all, Halong Bay is quiet. Blissfully and blessedly quiet with only the gentle, rhythmicCHEAH UI-HOON - 1,363 words
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THE BUSINESS TIMES weekend
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Article, Illustration1558 2005-12-17 20 JAIME EE - If you're thinking of home-cooking this Christmas, here are some ways of Asianising traditional dishes, writes JAIME EE JAIME EE IT'S one week to Christmas. Do you know where your tur-' key is? In about seven days' time, ovens will be creaking with the weight of1,558 words
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