The Business Times, 19 December 2005

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Microfilm: NL26546
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES Monday December 19,2005 SINGAPORE 85 cents online at .com.sg MICA (P) 089/03/2005
    15 words
  • Article, Illustration
    Lock icon WTO forges pact against all odds
    766 1  -  Farm export subsidies to go by 2013 as EU relents, in deal seen as 'modest and incremental' By ANNA TEO in Hong Kong AGAINST the odds, the World Trade Organization's sixth ministerial conference drew to a close last night with a pact in hand,
    AFP  -  766 words
  • Article
    Lock icon MARKETS DIGEST
    135 1 MARKETS WNk Chg* STI 2325.53.—+4.43 KLSECOMP 893.37 -4.93 NIKKEI 225 *****.07 -230.98 HANG SENG *****.81 ....+119.30 SET INDEX .691.17 -6.57 JAKARTA COMP ...1143.43. -16.64 MANILA COMP ....2047.56 -52.69 TAIPEI TAIEX 6350.69 +86.33 SEOUL COMP 1321.04 +3.62 SHENZHEN B 191.74 +2.04 AUSTALLORD 4590.90 +56.10 DOW JONES *****.59 +97.01 NASDAQ
    135 words
  • Article
    Lock icon Harrah's-Keppel unveil blockbuster retail plan for IR
    678 1  -  Taubman, Gordon join consortium for Marina Bay bid By ALEXANDRA HO [SINGAPORE] Back in the days when Las Vegas was just a gambling town, US developer Sheldon Gordon conceived the idea to create a non-gaming attraction there. A retail centre with a difference:
    678 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      562 2 S-E Asian takeover deals poised to exceed USssob SOUTH-EAST Asian takeovers are set to rise by more than a third this year, surpassing US$5O billion for the first time since 2001, as cross-border investments intensify. And among the year's largest deals was the US$5.l2 billion acquisition of PT
      562 words
    • Article
      Lock icon Far-reaching pact leaves Microsoft in the cold
      599 2 GOOGLE-AOL DEAL Fresh business, advertising links to greatly boost AOL's financial prospects LAT—WP [WASHINGTON] Google's buying of a 5 per cent stake in America Online (AOL) will form a far-reaching business and advertising partnership that will link the two companies in many ways
      LAT—WP  -  599 words
    • Article, Illustration
      Lock icon How the deal went down
      222 2 NYT [NEW YORK] Negotiations among the companies reached a fevered pitch Thursday night, executives briefed on the talks said, when teams from Google and Microsoft were in separate conference rooms in the Time Warner Center in New York and executives from the media company walked
      NYT; PHOTOS: AFP, AP  -  222 words
    • Article, Illustration
      Lock icon WTO Summit: The verdict
      287 4 HERE'S what ministers and non-governmental organisations had to say about the outcome of six days of gruelling negotiations at the WTO Ministerial Meeting in Hong Kong. Brazilian Foreign Minister Celso Amorim 4 I think that what is in the document I would qualify as modest, but
      287 words
    • Article, Illustration
      Lock icon South-east Asian takeovers cross US$50b
      786 4 S'pore emerges top in the region for cross-border investments Bloomberg [HONG KONG] South-east Asian takeovers are set to increase by more than onethird this year, surpassing US$5O billion for the first time since 2001, as crossborder investments intensify, regional bankers say. Among the year's largest
      Bloomberg  -  786 words
    • Article
      Lock icon Radisson, Park Plaza may join bevy of hotel names here
      479 4  -  By ALEXANDRA HO [SINGAPORE] Radisson and Park Plaza might not be household hotel names in this part of the world, but the company behind them is looking to change that. Their owner, Carlson Companies, a privately held Minneapolis-based group in
      479 words
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      Lock icon Page 2 Advertisements Column 1
      369 2 Structured Investment Products Complex financial "WMD'S" made simple Dates To provide investors with innovative and hybrid "market plays" and fund 19-20 January 2006 raisers with creative cost-efficient driven modes of sourcing funds, an endless 9.00 am to 5.00pm menu of fanciful structured investment products (SIPS) is continuously being crafted to
      369 words
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      248 2 ii mi iintirrii in A Ik Jl JH Wk Jg fl K A mI K\ M. j| L 1m K w mF9L I L mmm Jl Hl H Rij Doctorate PhD in Business and Management 12t/i Intake University Doctor of Business Administration (DBA) Bt/i Intake °^lx?xtfS a Innovative structure with
      248 words
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      233 3 ©2005 Samsung Electronics Co. Ltd. Screen images are simulated. Vii^Hi! o*T>' B|^ imagine a phone that lets you ffiVl harness the power of business. Imagine an ultra-sleek phone that has a 2-Megapixel camera with flash, 262Kcolour QVGA TFT-LCD screen, views documents, connects to your TV for stunning presentations, and even
      233 words
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      392 4 SERANCOON Sole Distributor: Appollo Sellappas Mega Department Cold Mart 3 Campbell Lane, 153 Dunlop Street Tel: *****691 Bhatia Brothers Pte. Ltd. 1 North Bridge Road Bharath Watch Pte Ltd 172, Serangoon Road Tel: *****029 #ni Minh Street Centre Tpl- 6339 3700 Emri Electronics Pte Ltd 242, Serangoon Road Tel: *****731
      392 words
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      30 4 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times.asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
      30 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon S'pore investors still net US-share buyers
      745 5  -  But Q3 volume falls on hurricane Katrina's impact on oil prices By CHUANG PECK MING SINGAPORE investors continued to pick up more shares than they dumped on Wall Street in the JulySeptember quarter. But they cut their overall trade in US stocks sharply as
      745 words
    • Article
      Lock icon FirstLink must now get its house in order
      728 5  -  HOCK LOCK SIEW By OH BOON PING FIRSTLINK'S chairman Ling Yew Kong survived a coup attempt by substantial shareholder Putra Pacific last month. The Indonesian shareholder failed to boot out Mr Ling at the extraordinary general meeting (EGM). But for the company's
      728 words
    • Article, Illustration
      Lock icon If you let them, will they come?
      714 7  -  NEWS ANALYSIS Fund managers may still not attend shareholders' meetings, even if companies allow more of them to do so, says WONG WEI KONG WONG WEI KONG FUND managers may still fail to show up at shareholders' meetings, even if companies allow more
      FILE PHOTO  -  714 words
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      347 5 j|nf H I 3toGy I |V If l^^ji B >;^ii •*> MHMHHM^bI **v. /js.]^.. f f /"> V v I Don't just be heard, S 1 J I be seen. With Video Call g| i Jl 7 I on Broadßand, you can B J "■J now see the smile behind
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Buys likely to be mainly valuation-driven
      630 6  -  STOCKS R SIVANITHY Senior Correspondent IF you look hard enough, you'll always find reasons to justify buying or selling stocks. For the investment community, most would focus on buying than selling at least as far as client recommendations go, since calling sells all the
      630 words
    • Article
      Lock icon Asian units mixed against US$
      374 6 CURRENCIES AFP [HONG KONG] Asian currencies ended the week mixed against the US dollar, with the yen posting sharp gains and the won, baht and new Taiwan dollar advancing. Japanese yen: The yen advanced sharply against the dollar in the past week as the market
      AFP  -  374 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      545 6 Payment b hob Pay Payment Ex looks Pay leal dose 6#1_ lS»l <«**- Aberdeen UKlOp F VS8 14-Dtc 1%Oec 01-F«b MFiTwftlOc x 150 M-ftfc 07-F«fc PW) AmffcEn«20c a KM 1H*» 23-Moir m MlywhiSc F 030 05-lw APB Breweries EE 2.00 01-Feb 06-F*b 15-F* MamLaetOc f tJO OW* 0M4b
      545 words
    • Article
      Lock icon Oil prices slump on signs of warmer US weather
      429 6 COMMODITIES AFP [NEW YORK] World oil prices tumbled on Friday on forecasts of warmer weather in the United States after freezing temperatures drove up demand for heating fuel, traders said. But overall global demand for crude is expected to increase next
      AFP  -  429 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      1579 6 Source: Reuters Consensus No.of Forecast Mean Fri's Consensus Noof Mean FrTs recommendation esti- EPS Pt target price JJS? 1 Company name TWswk Lastmth mates (cents) (ratio) price Company name ThkwA Lastmth mates (cents) (ratio) pnce (S) Allqreen Properties 2.18 2.11 11 5.68 22.53 1.41 T7Z- r Allied Technoloqies
      Source: Reuters  -  1,579 words
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      64 6 WEEK AHEAP Xpress Hldgs, EGM, Dec 20 Ezra Hldgs, AGM, Dec 20 Thomson Med, AGM, Dec 22 Jardine C&C, EGM, Dec 23 China Enersave, EGM, Dec 23 Digiland, AGM, Dec 27 Digiland, EGM, Dec 27 Miyoshi Precision, AGM, Dec 28 LC Development EGM, Dec 29 Vicplas, EGM, Dec 30 Dayen
      64 words
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      398 7 NpjjpwM How many calls are abandoned How are your agents' 9 performances? t Are calls being directed to the handling groups? PP Hf Can your agents' phone conversations be recorded or HHHH 9R dfl monitored (real-time) without I acquiring costly equipments?... We have all the answers at Converged Solutions Pte
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      20 7 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 *****22 or email notices@sph.com.sg.
      20 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Three portfolios edge up
      1335 8  -  TEH HOOI LING Senior Corespondent Three of our portfolios edged up last week, which was no mean feat given that the major market indices hardly budged. The one-year top losers portfolio saw the biggest jump Of 2.6 per cent, thanks largely to Abterra, Hiap Hoe, Sunlight
      1,335 words
    • Article, Illustration
      Lock icon Directors, major shareholders stay active
      1278 8  -  INSIDE MARKETS Some directors provide price support to purchases while several insiders buy more of their companies' stock, reports ROBERT HALILI ROBERT HALILI DIRECTORS and substantial shareholders remained active for a second straight week, doing 75 trades worth $36 million, according to filings on the
      1,278 words
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  • SINGAPORE NEWS
    • Article
      Lock icon PAP will face tougher competition in the next elections: SM
      310 9  -  By DONALD URQUHART SINGAPORE'S opposition political parties have gotten stronger and wiser since the last election and they will prove to be stiffer competitors to People's Action Party (PAP) candidates at the next polls, Senior Minister Goh Chok Tong said
      310 words
    • Article
      Lock icon TUV to open Asia-Pac centre in S'pore
      378 9  -  German technical service firm's centre will conduct training, house HQ functions By MATTHEW PHAN TUV SUD, a German firm that helps companies comply with product quality and safety laws, intends to invest at least $100 million to set up an Asia-Pa-cific centre in
      378 words
    • Article, Illustration
      Lock icon Headhunters on the lookout for contented employees
      674 9  -  By CHUANG PECK MING HEADHUNTERS have a new quarry in their quest for talent —employees who are pleased with the job they already have. Employers are on the lookout for these "passive" job seekers because they tend to be loyal, reliable and more
      ARTHUR LEE  -  674 words
    • Article, Illustration
      Lock icon BACK WITH A BANG
      53 9 MAYBANK last Saturday reopened itsßukit Timah branch, which has been given a new facelift. Maybank's president and chief executive, Datuk Amirsham A Aziz (centre), was on hand to mark the event. The branch started operations four decades ago in 1961, a year after Maybank set up
      53 words
  • Page 9 Advertisements
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      162 9 EVENTS LISTING DATE TIME EVENT VENUE 21 Dec Dale Carnegie Workshop Aviva Building, 9.00 am Setting and Achieving 137 Cecil Street, Goals 4th Floor Success Strategy Pte Ltd 24 Dec Crazy Horse Paris Christmas The Legends 7.30pm Eve Special Ballroom/Crazy Horse Paris rnrr ;r, COLOUR YOUR SKY Han C Get
      162 words
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      234 9 U P P E L U B Dining Entertainment presents S&iwner 24 2006, S^aAm/ay Treat your loved one to an enchanting Christmas this year. Start your evening with a complimentary Upper Club Martini and be enchanted by the mesmerizing voice of jazz singer Alemay Fernandez harmonized with a splendid 6
      234 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Cash-rich companies and big payouts
      1987 10 THIS WEEK'S TOPIC Are large cash payments to shareholders the best use of the funds of a cash-rich company? Are there circumstances where such companies should explore other alternatives? HOW the world has changed. A decade ago, any company with a significant cash pile traded
      1,987 words
  • Page 10 Advertisements
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      70 10 BT CEOs e-CIub Members of the BT CEOs e-CIub are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub' is a virtual one, with interaction mainly via e-mail. Each week, we will invite comments from these top executives
      70 words
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      61 11 "V J.. f «i I __gLJL_ above A Difficulties increases Difficulties fIBHHHI -*%H '3i?'J9iii^^^^^Kfl!lK9iwPYil'7SWVl!^9r9!!MYlr^ < IBi liiiCT I IfSI I Mil I KB 111] llilß BjhrfWS II Hpblllm iiHl^ilßjlllßAjMlMi^^^ 4 hem education project brought to you by 1 he|p yQU (0 strike up a Baver Healthcare II conversation with your
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      73 11 it' *> V- i, f 1■ t W f y i l V .1 ,< v.* It X V A x«4'A V '•h* V x ->vs 4 "i VX^' "If- '4. I'' -4 '1* > t J-Tr; >\l 5 f 4 y i" > V 4 jj' *j?f- V ■>?
      73 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon A closer look at Reits
      764 12  -  Last week, we saw the different ways in which a young investor just out of school could invest in property. This week, we focus on Reits, and highlight issues that investors should be aware of before parting with their money. By UMA SHANKARI WHAT ARE
      764 words
    • Article, Illustration
      Lock icon A retailing tale
      735 12  -  CAMPUS LIFE Three SMU students talk about their prize-winning retail project, reports OH BOON PING OH BOON PING IMAGINE you are rushing home after work and, while passing along the City Link Mall, the thought of buying some groceries suddenly strikes you. Wouldn't it be nice to
      YEN MENG JIIN  -  735 words
  • Page 12 Advertisements
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      252 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      252 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Three distinctive flavours
      1507 13 8 on Greenwood 8, Greenwood Avenue. Tel: 6100-8711 IT'S not every day that you can find a smart-casual restaurant which serves home-style, zi char-sty\e cooking—perfect for the times that you have to eat out or entertain but your palate is hankering after some good local food. 8
      ARTHUR LEE  -  1,507 words
  • Page 13 Advertisements
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      436 13 Let Singapore's best loved card delight you with our exclusive goodies this festive season! Conrad Centennial Singapore Pan PaolfleSingapore Shangri-La Hotel, Singapore 15% off Christmas Goodies at The Pastry Palette and Millenia Walk. 15% off Christmas Goodies at The Atrium Deli. 15% off on Christmas Goodies at The Line Shop.
      436 words
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      16 13 DINING OUT A sponsored series on fine dining experiences brought to you by UOB Credit Card
      16 words
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  • ECONOMY WATCH
    • Article
      Lock icon GDP revision will question China's economic reporting
      601 14 2004's figures may have been understated by nearly US$300b AFP [BEIJING] China will leapfrog Italy, France, and Britain to be officially recognised as the world's fourth-biggest economy if, as expected, it revises up its 2004 gross domestic product (GDP) by nearly US3OO billion
      AFP  -  601 words
    • Article, Illustration
      Lock icon Harvard economist disputes Greenspan's 'home bias' wane
      498 14 Bloomberg [NEW YORK] Harvard University economist Martin Feldstein challenged Federal Reserve chairman Alan Greenspan's conclusion that international investors are much more willing to put their money in other countries, making it easier to fund the gaping US trade deficit Much of the money
      Bloomberg; PHOTOS: BLOOMBERG, AFP  -  498 words
    • Article
      Lock icon Consumption tax hike likely, says Japan's LDP
      348 14 Reuters [TOKYO] Japan will have to raise its 5 per cent consumption tax at some point to fund growing social welfare costs that are set to weigh on the tattered state finances, top ruling party officials said yesterday. Hakuo Yanagisawa, chairman of the
      Reuters  -  348 words
  • Page 14 Advertisements
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      1784 14 :*AT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND ABOUND INVESTMENTS PTE LTD (In Members' Voluntary Winding Up) (Reg. No. *****4974G] At on Extraordinary General Meeting of the Company held at 66 Sian Tuan Avenue, Singapore *****0 on the 14th day of December 2005, the following Special
      1,784 words
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      1427 14 >AT^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF ALTERNATIVE BUSINESS CONCEPTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration Number: *****1M7G) At an Extraordinary General Meeting of ALTERNATIVE BUSINESS CONCEPTS PTE LTD duly convened and held at 260 Orchard Road #2001, The
      1,427 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Maybank to strengthen China presence
      350 15 It will set up a fourth branch in Guangzhou, say sources [KUALA LUMPUR] The country's largest bank Malaysian Banking Bhd (Maybank) is evidently keen to strengthen its presence in China, reported Star Bizweek, quoting sources as saying that the bank will soon set up a
      350 words
    • Article, Illustration
      Lock icon What would have made KL summits an unqualified success
      645 15  -  MALAYSIA INSIGHT An unusual rebuke to Myanmar on aside, few could point to any real progress PAULINE NG KL Correspondent WITH hundreds of delegates at the 11th Asean Summit and more than 1,000 registered reporters to cover the event and the
      645 words
    • Article
      Lock icon Indon monetary reforms rock markets
      603 15 Changes trigger volatility in short-term rates Reuters [JAKARTA] Indonesia's policy makers are winning kudos for doing all the right things this year boldly slashing domestic fuel subsidies, tightening monetary policy and drawing foreign investment into the country. But these radical changes are taking a toll
      Reuters  -  603 words
    • BRIEFLY ASIA
      • Article
        Lock icon M'sia to double funds for SMEs
        86 15 Reuters [KUALA LUMPUR] Malaysia has allocated RM3.B billion (Ssl .7 billion) to accelerate the development of its small and medium-sized business sector, the central bank said. The government is keen to help businesses in the agriculture and agro-based industries, as well as those in
        Reuters  -  86 words
      • Article
        Lock icon Nod for ONGC's Brazil investment
        142 15 AFP (NEW DELHI] India's Cabinet has cleared a plan by state-run Oil and Natural Gas Corp (ONGC) to invest US$B2O million to buy and develop a Brazilian unit of US energy giant ExxonMobil, reports said on Saturday. The move was in line with efforts by
        AFP  -  142 words
      • Article
        Lock icon Indonesia finds new oil reserves
        83 15 Bloomberg [JAKARTA] Indonesia, South-east Asia's biggest oil producer, estimated that it discovered 134.6 million barrels of new oil reserves and 3.6 trillion cubic feet of natural gas this year, state oil regulator BPMigas said. The discoveries bring the country's total reserves to 8.3 billion barrels
        Bloomberg  -  83 words
      • Article
        Lock icon 42 killed in Chennai stampede
        69 15 AFP [CHENNAI] At least 42 people, mostly women, were killed and more than 50 injured yesterday in a stampede for food coupons at a flood relief camp in the southern Indian city ofChennai, officials said. More than 3,000 people affected by floods had gathered at
        AFP  -  69 words
  • Page 15 Advertisements
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      73 15 GOOD GAINS let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. r M t«Ara NOTICES BbBBHIKI W s ■Bfift: Pioneer Investments has established a global \\B K. JlLiil M provider of innovative investment solutions. We take pride\ np and depth
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      36 15 m Uanha Zaobao M ,J| Exclusive interview with It I LiZhiqin I I China I jfl steps up its investment II I promotion in I Singapore I I feis m I Sffl "H I lA \Md
      36 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon HK auditors shunning high-risk clients
      535 16 Industry pushing to protect reputation amidst financial scandals [HONG KONG] Hong Kong auditors are becoming pickier in selecting clients as the accounting industry pushes to protect its reputation in the wake of local and overseas financial scandals, according to the South China Morning Post. The
      535 words
    • Article
      Lock icon SMIC set to close technology gap with Taiwan rivals
      353 16 [HONG KONG] Semiconductor Manufacturing International Corp (SMIC), China's largest contract chipmaker, is expected to produce 90 nanometre chips by Q1 2006, closing the technology gap with its Taiwanese counterparts, the South China Morning Post quoted a company official as saying on
      353 words
    • Article, Illustration
      Lock icon Small towns lure Indian developers
      433 16 Relaxed rules for foreign investment also push growth Reuters [MUMßAl] Indian property developers are moving to smaller towns and cities, attracted by their faster pace of growth as a booming economy raises incomes and demand for quality developments. "So far, the emphasis has been on
      Reuters; BLOOMBERG  -  433 words
    • Article
      Lock icon Nanjing Auto struggles to turn Rover around
      476 16 Reuters (SHANGHAI] China's littleknown Nanjing Automobile stunned the motoring world in July when it beat General Motors Corp's Chinese partner and other international investors to buy bankrupt MG Rover's assets. Promising to create new jobs, invest in research and revive production at the
      Reuters  -  476 words
    • Article
      Lock icon Huge bank IPOs loom large on China horizon in 2006
      325 16 Reuters [HONG KONG] China's capital markets will be dominated by a pair of multi-bil-lion-dollar bank listings in 20Q6 y >Mt4h# mainland's also creating a slew of mediumsized IPOs and a thriving M&A business. Bankers are also chasing deals that allow
      Reuters  -  325 words
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      210 16 Diners Club Card r<, apply, «//64i6 0980 A World of Exclusive Privileges Treats (i[ fa[erncuional' Pk/ a sparkle on your year-end festivities and enjoy our delicious X'mas £ve Se/ Dinner for y'M5/ $45++! For your main course, you *11 be spoilt for choice between Roasted Young Tom Turkey Breast served
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      24 16 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices^sph.com.sg. 3 KATS3 NOTICES
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Mixed week casts doubts on year-end rally
      678 17  -  WALL STREET INSIGHT Hopes raised by Fed report turn into concerns as last two days of the week end in losses despite a sharp fall in oil prices By ANDREW MARKS in New York THE boost provided by the Federal Reserve's hints last
      678 words
    • Article, Illustration
      Lock icon Citigroup to focus on global expansion to boost profits
      454 17 It plans to add up to 200 retail bank branches, make small acquisitions Reuters [NEW YORK] Citigroup plans to expand its international businesses next year to increase profitability, in a move analysts said is meant to boost the company's share price
      Reuters; BLOOMBERG  -  454 words
    • Article
      Lock icon Intel to end stock options for many employees
      348 17 Reuters [SAN FRANCISCO] Intel Corp said on Friday it will stop giving stock options to many employees, ending a decades-long practice that the world's top chipmaker helped pioneer in the early days of Silicon Valley. Starting in April, Intel will limit stock
      Reuters  -  348 words
    • Article
      Lock icon Durban clipper wins race to Fremantle
      366 17 Clipper Ventures [FREMANTLE] The Durban, skippered by Craig Fremaritie's Maritime Museum at 10.54pm local time on Friday to claim a magnificent victory in the Clipper 05-06 Round-the-World Yacht Race, beating the closest rival Victoria by a mere four miles. The Canadian boat, skippered by
      Clipper Ventures  -  366 words
    • WORLD WATCH
      • Article
        Lock icon Tokyo bourse head to resign
        77 17 Reuters [TOKYO] Tokyo Stock Exchange president Takuo t Tsurushima will resign as nearly as tomorrow over system faults that have raised worries about the dependability of transactions at Asia's largest bourse. Chairman Taizo Nishimuro will double as president until a replacement is found, while Sadao
        Reuters  -  77 words
      • Article
        Lock icon Bush least popular of last 10 US presidents
        90 17 Reuters [WASHINGTON] President George W Bush ranks as the least popular and most bellicose of the last 10 US presidents, according to a new survey conducted by Chicago-based National Qualitative Centers, a marketing research company. Only 9 per cent of the 662
        Reuters  -  90 words
      • Article
        Lock icon First Data lays off 3% of workforce
        61 17 AP [GREENWOOD VILLAGE, Colorado] First Data Corp, parent company of the money transfer service Western Union, laid off 1,000 workers on Friday, or about 3 per cent of its workforce. The layoffs came across business segments and occurred in Denver, Omaha, Nebraska, and
        AP  -  61 words
    • Article
      Lock icon STOCKS ASIA
      2995 17 Transaction date: Dec 16 For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONGKONG v<x 21! °°1 uarc 'ma EcoTek 0.19 0.01 210 eForce Hldgs 0.02 unch 502 Aeon Credit 6.00 unch 406 Egana Jewellery 1.08 undi
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  • AVIATION
    • Article, Illustration
      Lock icon Much work ahead to keep airline sector in the black
      926 18  -  NEWS ANALYSIS Still, lata can take credit for turning sector around after 5 tough years By VEN SREENIVASAN in Geneva AFTER more than two years of crisis management, Giovanni Bisignani was looking uncharacteristically pleased at this year's global press briefing
      AFP  -  926 words
    • Article, Illustration
      Lock icon PAL flying clear of turbulent skies
      713 18 Carrier could be free of debt before creditor deadline AFP [MANILA] For an airline that was on its back just seven years ago, the road to recovery for Philippine Airlines (PAL) is nothing short of a commercial miracle. PAL has already paid back more
      AFP  -  713 words
    • Article
      Lock icon Aircraft seizure cuts Nauru's airlink
      232 18 AFP [SYDNEY] The remote Pacific island of Nauru was left without any air services yesterday after an Australian court ruled that a US bank could seize Air Nauru's only aircraft. The tiny island, whose people were once among the richest per capita in the world,
      AFP  -  232 words
    • LOG BOOK
      • Article
        Lock icon Jet makes emergency stop in Siberia
        74 18 AFP [MOSCOW] An Air France Boeing 777 made an emergency landing at Irkutsk in Siberia on Saturday when one of its two engines broke down on a flight from Seoul to Paris, airport authorities said. An Air France spokesman said the plane carried 246
        AFP  -  74 words
      • Article
        Lock icon Plane evacuated in US after bomb comment
        85 18 AFP [LOS ANGELES] A Southwest Airlines jet was evacuated at an airport in the Los Angeles region on Friday after a passenger was reportedly heard to say the word "bomb", prompting a security alert, authorities said. The Southwest flight had been taxiing to
        AFP  -  85 words
      • Article
        Lock icon China to open direct air route to Brazil
        70 18 Xinhua [BEIJING] China will open the country's first direct air route to South America, from Beijing to Sao Paulo of Brazil, next month. The route will be operated through code-sharing cooperation by Air China and Varig, Brazilian's national carrier. Air China will
        Xinhua  -  70 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      995 18 an Iff WA HWWT WB QB6X 1310 m jggjg jj jjlrvf 1 III WHS «B!8iii K«li <2911 1$ IS 1 "B*& m "pa gg H! II S*- "-ma JST wll m i ig 1111 II -^wis fill f m m 1100 m m 1 li UT
      995 words
  • Page 18 Miscellaneous
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      Lock icon Page 18 Miscellaneous Column 1
      228 18 CRYPTIC CROSSWORD 6 Gets on top mounts (9) 7 Lear, for example, not to- J j gether Ml fHj 10 Book pop idol with hidden —JB®——JMH Lh W 28 Using one's initiative initially I I I I I 1 1 I 1 I I Imi ~Ma DOWN 1 Jerk ditching
      228 words
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  • SHIPPING
    • Article, Illustration
      Lock icon PSA wraps up 2nd joint venture in S'pore with shipping line
      544 19  -  Tie-up with MSC will operate three berths at Pasir Panjang Terminal By DONALD URQUHART [SINGAPORE] PSA Corporation has formed a joint venture with Mediterranean Shipping Company (MSC) here its second tie-up with a shipping line at its coveted Singapore
      544 words
    • Article, Illustration
      Lock icon HK port's Nov box volume declines
      579 19 Bloomberg [HONG KONG] Hutchison Whampoa, PSA International and other operators of Hong Kong's port handled 7.9 per cent fewer containers in November than last year, as competition from neighbouring Chinese ports increased. Cargo volume at Hong Kong, the world's busiest port after Singapore, fell
      Bloomberg; BLOOMBERG  -  579 words
    • Article
      Lock icon Officer shortage expected to worsen
      516 19  -  By ALEC ALMAZAN in Manila THE shortage of officers in the world's commercial fleet is expected to become more acute in the coming years, industry leaders predicted. "The shortage of officers can only get worse in the next three to four years, unless world trade
      516 words
    • Article
      Lock icon NUS to offer two maritime professorships
      410 19  -  Lloyd's Register, MPA are partners in $9m venture By GEORGE JOSEPH [SINGAPORE] Two professorships are being set up at the National University of Singapore (NUS) in another step towards developing Singapore as a premier centre for maritime R&D. A tripartite collaboration between industry, the
      410 words
    • Article
      Lock icon TRANSPORT STOCKS
      292 19 SGX '000 unit s$ w- vd CH Offshore .0.36 urtrfi 729 ChuanHup .0.37 unch 1572 Cosco Corporation....- 2.22 -0.03 4963 CWT Distribution 0.81 -0.01 8 Ezra Hldgs 1.40 -0.01 233 Freight Links 0.07 unch 242 Grand Banks Yacht .0.90 unch 0 Jaya Holdings 1.21 -0.01 1025 K1 Venture
      292 words
  • Page 19 Advertisements
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      122 19 nr IteecL O* tAe> Scoa 7 When it comes to your forwarding and logistics needs, venture no further than The National Forwarder. With a multi-faceted airfreight department reinforcing our Ship Spares In Transit (SSIT) strength; a dynamic team of experienced professionals at the helm; a state-of-the-art online tracking system; and
      122 words
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  • Article
    Lock icon SINGAPORE STOCKS
    8408 20 STRAITS TIMES INDEX STOCKS Stodt nam* Wt Oom Chang. Allgreen SOc 0-31 1310 Ascendasreit 0.96 1.940 -0.010 BIL Intl US20c 0.56 1.410 Caprtaland 3.29 3.360 -0.020 CapitaMaii 0-78 2.180 +0.010 Chart SemiCond 26c 0.79 1-210 City Dev 50c 2.52 8.750 +0 150 Comfort OelGro 25c 1.68 1.570 -0.010
    8,408 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6189 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local am In SS In US$ %dy %yr <fy yr dy *yr Doc 16 Index Change Change Change Change Change Change World Index Preliminaty 969.4 0.2 13.7 0.3 10.9 0.4 8.6 t EAFE Preliminary 953.3 0.4 23.4 0.7 13.2 0.9 10.9 Europe
    6,189 words
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      1142 22 t NYK GROUP SOUTH ASIA PTE LTD v=kimc*™* raTSK LIH C Fax: 6292 2856 (Regional sales) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO «O#AKU KASHA. UO (C/R NO: **********0E) WUrOIIMJLIPIIIM Main Uiwi*6S U36-2750 C*#« 137» OOTOOOOO S& SENATOR LINES iMonHSwir&igaiMn *****1 Webiitot www.s*ne»orliiwx*m PORT HUfW M(W Syore
      1,142 words
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      499 22 INTWASIA RORO MRVKi vesa/voT ramwi) hbgwtou m jrat ia *t STUnSVBmittM/DS IS 3.2 11/12 21/12 01/Ol 01/01 04/01 snuuTSVDrruRE oi/u is 3.2 11/01 14/01 skits vanittoyo* is 1? 23/ Di 26/01 31/01 03/02 OS/02 AUSTRALIAN RORO SCRVICI 1 vtssa/vor lAMrorn hbgmtw] tai |5S m syp mb. ape m m m
      499 words
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      1189 23 Www hamburgsud com ASIA SlUVia SIW6 1 (EXPORT) >SU StIVKI SUH6 (IXPOtT) SWGAWXt DUMAH SIPtIIM SAMTOS ITAJAI rUJMMI Vmml/Vw— SMOAPOtI iUIMOSAWS lIOMANPI UMTOS SIPTrm NYK Esirala 002W 21/12 01/01 11/01 12/01 14/01 15/01 hMo IOIW 17/12 of/01 12/01 14/01 15/01 (■(cmul SOSW 21/12 04/01 11/01 11/01 21/01 22/01 C«taylS23W 24/11
      1,189 words
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      1064 23 vtssa wt sni g h« m i ffl w vk»l wr six <r a» hig ifi* ws HYYlAtXYOSTOt IKS tnt H/17 7V1?3)/)? t/1 VI VI IMKUMU S17S 7V17 21/H »/l? 3/1 7/1 l/l KIW8KSS IKS n/T? 31/17 5/1 7/1 »/l MUCWfiW SIR 1/1 VI V) 10/1 14/1 »V» resa m
      1,064 words
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      753 23 W WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VISSEI I VOY I SIN PJUANGI COLOMBO H SHIVA COUMMO m m =as= miV 6AMDHI QOWW 26 DEC 27 DEC 31 DEC _nUAM OLM hoiapeaama rmn 02J*n 03JAN 07jan UM— HOWKAH UID6E OQ4BW 09 JAN 10
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      1404 24 wanhainiknahonalpielid aKkHttsnoMwl TH:*****588 (14UNES) FA&*****163 WxWAN HAI LINES saffiSBSSdSSSU *HIB:|B7)2SI»nJHUt|DJ)2SI»niMIH:WI)J2»S«S(M:»J||S»27I4/J»IJOS *T*:ini)s2s4l*Ftt(#7l)SJSWWruiltnOll/ZIUII KJL7IU* WWW.WIIW.MB.Ij a«;NHMIS7BSi Ha (0t1)415W25/*****09 rcu aw hb> mm »h h «wr_ is rm tok i «w5 Iwol w» WMHN73S IttS I 13/12 14/12 14/1? 17/12 20/12 *****/12 23/12 24/12 27/12 17/11 2*/l2 2»/12 I WW HAI 212 1174
      1,404 words
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      963 24 Vtsstl VOY SM KU VPSa vw m *L PACIAWPA IMSW 11/12 lt/1I !I4}| M 1 cy23oi 02HP i9/!i Tram 9BS SfiS PACOAMOA 1424N 20/ II 20/12 ffgy !?5 W& paciampa 142ZM 21/12 }}J\\ nt tortm 5531 oS^oi Of 2301 8212 2412 Z2Zl2— ntuu 4io» 02/01 os/oi PACIAMPA lM* 23/12 23/12
      963 words
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      598 24 BSA ik. MYANMA nHH five star une (MyowHor National Um) Loodtaf for Ymmjm vessel vor sin pu pen pgu PAGAN 346W SID PAGAN 349W SU> IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KIK/PKL 03-*****366 PEN: 04-2*3311 S ACCEPTING CONVENTIONAL C6O VESSEL WriKllKlinilUHlNl COCOA HEART It 11/12 14/11 2S/1J MAR6I AMETHYST 3 27/11
      598 words
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      7986 25 ETA ETA Advertiser Vessel Voyage Telephone ETA HA Advertiser Vessel y«ya«e Tetephowe SIN Oesfn Name Name Number Number SIN Dest'n Name Name Number Number To BATU AMPAR/P. BATAM (BAP) 25S2 Indonesia TO ABIDJAN (ABJ) 2003 Cote D'lvoire 19WI 2 1/01 Nordana PRINCESS MARY PM601
      7,986 words
  • Page 25 Advertisements
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      330 25 HNordana (Asia) Pie Ud SS' M 70 Shmtow Way, 121-03 Marina Hms« StoW" *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VESSEL VOY Sogopore I fwrth Coco* Iriwd CWhtwos Itfaad Potkftrfog klond Express 1E503 X )9Dec 28Det 3n* 07 Jon Island Express
      330 words
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      Lock icon Page 25 Advertisements Column 2
      323 25 FREICHT LINKS EXPRESS PTE LTD 51 Penjuru Road, 3rd Level, Freight Links Express Logisticentre, Singapore *****3 SOUTH AMERICA fir CHILE 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 Booking Hotlines k* 4 90S
      323 words
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      Lock icon Page 25 Advertisements Column 3
      286 25 345H2J71/12 27-29/12 03-04/01 ■MHRfll TIGER WAVE 346N 25 26/12 31-01/01 07-08/01 I ■MMMiI TIGER PEARL 347N 27 28/12 03-05/01 10-11/01 I ■rTmmnGoiSfA 348N 31-01/01 06-01/01 14-15/011 ■■■■■TIGERSKY 349N 03-04/01 10-12/01 17-18/01 I TIGER WAVE 3SOH 07-08/01 13-15/01 21-22/01 09lMll ■fMffIMMARTMVEUER 009 26 27/12 03 05/01 13-14/01 I ■&UUILB TIGER SPIRIT
      286 words
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  • Page 27 Advertisements
  • BizIT
    • Article, Illustration
      Lock icon From the business of ears to the business of eyes
      689 27  -  <we say> Actually, the mobile revolution has come full circle, from ears to eyes and back to ears KENNETH JAMES Technology Editor DAN Steinbock, a New Yorkbased researcher and visiting professor at the Helsinki School of Economics, recalls how industry
      689 words
    • Article, Illustration
      Lock icon IBM eyes Singapore outsourcing job
      813 27  -  It feels working with GLCs will enable it to give best value to govt By AMIT ROY CHOUDHURY TO THE several global IT services players eagerly eyeing the government's planned mega outsourcing deal which is expected next year, add the biggest one of all IBM
      813 words
    • Article
      Lock icon Hyperion launches new BPM software
      351 27  -  By LEE KIM SIANG HYPERION'S latest suite of business performance management (BPM) programs, Hyperion System 9 (HS9), is the first solution to bring together financial applications and business intelligence (BI) into one single integrated offering, according to Hyperion's director of product marketing and strategy, Srikant
      351 words
    • <what's new>
      • Article
        Lock icon McAfee releases home network security software
        102 27 MCAFEE has announced the release of McAfee Wireless Home Network Security 2006. According to the company, it is the first consumer security software designed to protect a family's wireless network, tho data they transmit over Wi-Fi, and their PCs. It provides protection for up
        102 words
      • Article
        Lock icon New multi-SIM service from M1
        101 27 MI'S new Multi-SIM service allows customers to acquiro an extra SIM card with tho same mobile phone number. Customers can subscribe to Multi-SIM service on one mobile phone line only. To subscribe to the service, customers can visit the Ml Shops at Paragon. Change Alley
        101 words
      • Article
        Lock icon Kingston releases new CompactFlash cards
        110 27 KINGSTON Technology has announced the release of its new Ultimate line of CompactFlash cards. With a sustained write speed rating of IOOx, Kingston's Compact Flash Ultimate cards offer the performance that high-end digital cameras and other fast capture and storage function devices need to perform
        110 words
      • Article, Illustration
        Lock icon Keep your PC safe with Acronis' new software
        116 27 ACRONIS has released its Privacy Expert Suite 9.0. Among the anti-spyware capabilities are a quarantine feature that enables the user to look through the list of the objects deleted by malicious software removal operations and restore specific items the user wants to
        116 words
      • Article
        Lock icon Belkin's wireless accessory for iPod
        104 27 BELKIN's new Tune Stage for iPod allows users to play songs from their iPod through their home theatre wirelessly via Bluetooth technology. With a transmitter connected to their iPod and a receiver hooked up via RCA or 3.5 mm cable to their system, Tune Stage
        104 words
      • Article
        Lock icon Download VMware Player for free
        126 27  -  Compiled by LEE KIM SIANG VMWARE Inc has announced the general availability of VMware Player, a new product that enables anyone to easily run, evaluate and share software in a virtual machine on a Windows or Linux PC. In addition, VMware announced that it has
        126 words
    • Article
      Lock icon Benefits of SOE programme
      275 27  -  By AMIT ROY CHOUDHURY THE government's plan to outsource its front-end IT infrastructure is a natural evolution in terms of procuring IT (information technology) services, says IBM. Patricia Yim, IBM Singapore's managing director, told BizlT that the government was "forward looking and innovative" in the way
      275 words
    • Article, Illustration
      Lock icon Homegrown IT firms stress need to globalise
      660 28  -  Protecting own market and finding right people are other key challenges, reports ROLAND LIM ROLAND LIM EXPANDING globally is one of the key challenges that will need to be addressed in the new year, according to top executives from homegrown IT firms. "Our
      660 words
    • <what's up>
      • Article
        Lock icon New appointment at Ericsson
        62 28 ERICSSON has appointed Ann Emilson president and country manager for the company's Singapore operations, effective immediately. As head of Ericsson Singapore, Ms Emilson is also responsible for all of Ericsson's business with Singapore operators and their regional activities across the Asia-Pacific region. She was previously based
        62 words
      • Article
        Lock icon SSA appoints new marketing director
        67 28 SSA Global has announced the appointment of Humi Yoshikawa as senior marketing director for the Asia-Pacific/Japan region. Ms Yoshikawa's mandate in her new role is to establish a strong SSA Global brand equity within the partner, industry, employee and customer environments across the Asia-Pacific/Japan region.
        67 words
      • Article
        Lock icon Toshiba selects CBL as services provider
        93 28 CBL Data Recovery Technologies has been selected by Toshiba's computer systems division to provide its services to Toshiba users in 13 Asian countries. CBL will provide Toshiba users with its data recovery service effectively covering all data loss condition, including physical damage, human error,
        93 words
      • Article
        Lock icon Fuji Xerox sets up customer care centre
        90 28 FUJI Xerox Printers has opened a customer care centre, located at Bukit Merah. This centre will enable the company to offer its Singapore customer base technical support and assistance in a comfortable and welcoming environment. In addition to the launch of this centre,
        90 words
      • Article
        Lock icon Amadeus in tie-up with TTInteractive
        86 28  -  Compiled by LEE KIM SIANG AMADEUS has signed a partnership with Travel Technology Interactive (TTlnteractive), to offer enhanced passenger service and distribution solutions to regional and small international airlines worldwide. The partnership responds to the need of these airlines for a passenger service solution that
        86 words
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      132 28 Oracle Database World's #1 Database Small Business Easy to use. Easy to manage. Only US$l49 per user. oracle.com/standardedition or call 1.800.672.2531 Terms, conditions, and limitations apply. Pricing, specifications, availability and terms of offers may change without notice. Taxes, fees and shipping charges extra, vary and are not subject to discount.
      132 words
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      12 28 COMMENTARY From the business of ears to the business of eyes PG27
      12 words