The Business Times, 23 December 2005

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Total Pages: 28
1 28 The Business Times

  • TOP STORIES
    • 571 2  -  COMMENTARY There're too many charities for a country of about 4 million CONRAD RAJ Senior Correspondent THE government's response to the KPMG report on the National Kidney Foundation (NKF) was calm, measured, to the point and proper. It was really big of Health
      571 words
    • 573 2  -  Variable bonuses to average 1.8 months, up from 1.5 last year: poll By CHUANG PECK MING [SINGAPORE] Workers will get a bigger bonus this year, along with a bigger raise in pay. But the bonus for next year is likely
      Source: S 2005/2006 Survey  -  573 words
    • 385 2  -  McCallum St extension being studied to connect old and new CBDs By KALPANA RASHIWALA [SINGAPORE] A proposed extension of McCallum Street into the New Downtown shaping up at Marina Bay may eventually result in the owners of Shenton House and ,l|]C Building
      YEN MENG JIIN  -  385 words
    • 155 2 IN "TPA to sell aerospace business and assets for up to $60m" (BT, Dec 22), we said the buyer of TPA Strategic Holdings' assets also had the right to buy TPA's 40 per cent stake in Starmo International Pte Ltd. TPA has pointed out that Starmo is
      155 words
    • 492 2 Japanese economy in excellent shape JAPAN'S economy enters 2006 in the best shape it has been since the collapse of the great asset bubble some 15 years ago. It has been registering positive real growth for three years, exports are strong, domestic consumption and private capital investment are
      492 words
    • 224 2 [SINGAPORE] The Elections Department has reminded overseas Singaporeans that they can now register a residential address in Singapore as their local contact for voting purposes. Those who have changed their address to an overseas one will need to register a local contact address through
      224 words
    • 935 4  -  JAPANESE ECONOMY Major indicators in good shape as world's second largest economy enters new year By ANTHONY ROWLEY in Tokyo JAPAN'S economy enters 2006 in the best shape it has been since the collapse of the nation's great asset bubble some 15
      935 words
    • 137 4 sn 2.323.66 (-9.01) ST INDEX FUTURE! 2,323.00 (-9.00) SIMSO 275.12 (-0.85) SIMSO FUTURES 276.60 (+0.20) MARKETS Thursday Chang* KLSECOMP 895.85 +1.20 NIKKEI 225 15.941.37 -16.20 HANG SENG 15.182.53 38.89 SET INDEX 696.41 -2.02 JAKARTACOMP 1.164.017 +3.458 MANILA COMP 2,078.58 +3,53 SEOUL COMP JJ50.871 -3.29 SHENZHEN B 191.03 +0.06
      137 words
    • 232 4 [SINGAPORE] Journalists from The Business Times and their guests helped raise more than $13,000 for charity last night by auctioning gifts from Singapore companies and other benefactors. Proceeds from selling off the goods —which included 28 hampers, 15 bottles of wine, 19 bottles of
      PHOTOS: ARTHUR LEE  -  232 words
  • Page 2 Advertisements
    • 156 2 mi Crazy Horse Paris has arrived at Clarice Quay I Be the first to see this celebrated and unforgettable spectacle a landmark of Parisian nignt Itfel SHOW TIMES: Tuesdays to Sundays ist show: 7.30pm, 2nd show: 10.00pm Additional show on Saturdays at 12.30 am Prices range from Ss6s (for 1
      156 words
    • 27 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices^sph.com.sg. i VH;\*-'J fr. pf& |fi j
      27 words

  • Page 3 Advertisements
    • 78 3 Imm f HfSl^ M iJM■ film* ..> trains •illfir' "?§Kr kIHQK^H Mau < I IPsBIS .^^■BH«MflK r "Md^B^PMHH|^^^^^H m 1 HtJHnfiuU 1 < Hnl mvn|H ._^r Wr IB nr t ;^Hßb. I i—wl 7 t. 'Sf vr if I W^SSifSß^*'" tbllflhiSii'NeßW*t rT I U Dd >; 9^^H\l^|^ —H I H
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  • Page 4 Advertisements
    • 1816 4 >AT^ NOTICES Toll free: 1800-289-8822 Email: noticesi"'sph.com.sg j IN THE MATTER OF THE COMPANIES ACT, CAP M AND IN THE MATTER OF NURI SHIPPING PRIVATE LIMITED (In Member's Voluntary Liquidation) At an Extraordinary General Meeting ot the Company duly convened and hetd at 30 Hill Street #03-00 Slnmpore *****0 on
      1,816 words
    • 339 4 In the matter of The Companies Act, Cop. 50 And In the Matter of FLAME-OUT PRODUCTS (SINGAPORE) PRIVATE LIMITED (Company No. *****41MN) STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY -REASON OF ITS LIABILITIES I, LIM WAN AIK of 421 Posir Ris Drive 6, #04-255, Singapore *****1,
      339 words
    • 392 4 THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF S.S.S. HOLDINGS PTE LTD CO REG NO *****4889Z MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of S.S.S. Holding! Pte Ltd convened and held at 190 Mocpherson Road Wisma Gulab 7»h Floor #08-00 Singapore *****8 on 16 December 2005,
      392 words

  • COMPANY NEWS
    • 893 5  -  TELECOMS It'll be interesting to see if StarHub will retain its exclusive TV rights By ANGELA TAN THIS year saw continued growth of th«» wireless market and aggressive forays into delivering managed services. as telcos in Singapore scrambled to secure a market
      AFP  -  893 words
    • 677 5  -  HOCK LOCK SIEW By R SIVANITHY NI-AVS that movie theatre op erator Cathay Organisation is looking U» delist from Sesdaq raises a host of interesting questions. not least of whirh is this if the eronomy Is sup pos«'dl\ rerovenng and the outlook reportedly rosy. why.
      677 words
    • COMPANY BRIEFS
      • 65 7 AIROCEAN Group said in a late night announcement yesterday that it has "on its own initiative appointed M/s KPMG Business Advisory Pte Ltd as special consultants to liaise with the company's financiers and provide recommendations on its financial position". No other details were given. "The company
        65 words
      • 59 7 BIO-TREAT said it has cancelled all options issued under its employee share option scheme with effect from June 30.2005. The move has the consent of its option holders. It said it will put in place a performance-based incentive plan under which cash incentives would be
        59 words
      • 49 7 DAKA Designs Limited has teamed up with renowned marine sports wear maker. Body Glove, to distribute its revolutionary SeaDoo seascooter and motorised inflatable products in the US. Body Glove has commited to total sales orders of US$10 million for the next two years.
        49 words
      • 83 7 THE Ascott Group is expanding beyond Bangkok and has entered Pattaya with a management contract for Thailand's largest serviced residence Somerset Nusasiri Pattaya. It has secured a management contract for the 630-unit serviced residence from The Nusasiri Group. Somerset Nusasiri Pattaya will be located along Jomtien
        83 words
    • 487 7  -  Equity raising to partially fund purchase of nine properties By LESLIE YEE MAPLETREE Logistics Trust (MLT) yesterday announced plans to raise up to $206 million via private equity placement and an ATM offering to partially fund the purchase of nine properties. The purchase is
      487 words
    • 578 7 Reuters SEAGATE Technology's US$l.9 billion purchase of smaller rival Maxtor Corp will shrink its supply chain, with Singapore firms providing electronic parts to Maxtor likely the hardest hit. analysts said. Fears that hard-disk-drive maker Seagate would drop Maxtor suppliers Jurong Technologies Industrial Corp
      Reuters; AP  -  578 words
    • 164 7  -  By OH BOON PING NEWLY-LISTED SP AusNet has secured two transmission network augmentation contracts in Australia worth some As6o million (5573.3 million). The contracts, awarded by the Victorian Energy Networks Corporation, will support load growth in the Melbourne metropolitan and regional areas. The contracts
      164 words
    • 199 7 AS PART of its move to expand its serviced apartment operations, United Overseas Land (UOL) has struck a deal to buy a 30storey tower in Kuala Lumpur from The Lion Group for RM98.5 million (5543.4 million). The deal is made through Star Valuations
      199 words
  • Page 5 Advertisements
    • 243 5 More room to go further Hi' S .> im~ pi hi liM ■K fcffi I if L —V K W li Mte* Vr~°~H ■■■PH I i U>4.h ;jv flKirnlV^lrß^H. i 'i iMi^^^Km^^Uß% Hpl I|;C'BJ^B^XfIHB2iM^^^^^^^^^KJBBBBBBHVi^BBfIBMEf ■fip|M M ._ya WKr -™<*-..-*r 1 <^l w ,ll,l> a P |^*wfc^Mj^sS V r •.«—r lr
      243 words

  • SINGAPORE MARKETS
    • 524 6  -  STOCKS News on takeover of Maxtor drives analysts to figure out the likely winners and losers R SIVANITHY Senior Correspondent NEWS that Seagate is taking over Maxtor provided the only bit of marketmoving news yesterday. as it thrust the hard disk drive sector
      Source: Bloomberg  -  524 words
    • TRADES TO WATCH
      • 435 6 HESHE Holdings will be getting a further cash injection of $990,000 from its chief executive officer Eddie Chng. The CEO has served notice on the company for another share-option exercise—this time for 18 million shares, at 5.5 cents each. The options were
        435 words
      • 65 6  -  Compiled by ANGELA TAN MARATHON Asset Management LLP now has a 6.73 per cent deemed interest in Yellow Pages (Singapore) Ltd, after its clients bought a combined 10.64 million shares in the company. The purchases, made earlier in the week, were transacted
        65 words
    • Article, Illustration
      419 6 OTHER SINGAPORE INDICES Dec 22 VALUE CLOSE BT OB/OS -59.00 -12.00 BTCAPI -*****.00 -82.00 BT 10-day MA -*****.00 -6.00 All-SG Equities 593.41 -2.48 5G Equities Elect 125.48 -1.76 SG Equities Fin 1703.65 -4.39 SG Equities Prop 711.79 -5.44 SIMSCI 275.12 -0.85 SiMSCI Futures 276.60 -1-0.20 MOST ACTIVE STOCKS VOLUME Goldtron
      419 words
    • Article, Illustration
      1050 6  -  Compiled by MATTHEW PHAN TPA Strategic Dec 22 close: 23 cents CLSA ASIA-PACIFIC MARKETS, Dm 22 TPA has signed an MOU to divest its non-China aviation ops for Sss2 million. A conservative reassessment of the break-up value of TPA would be 31 cents per share, in line with
      Source: Bloomberg  -  1,050 words
    • 515 6 CURRENCIES Reuters [NEW YORK] The dollar turned lower against the euro and the yen yesterday, in thin, holiday-season trading after an inflation gauge favoured by the Federal Reserve came in softer than expectations. On the margin, the November US PCE price index hinted to
      Reuters; AFP  -  515 words

  • Page 7 Advertisements
    • 41 7 w f The a company is almost RAFFLES CONVERSATION A 1 1 Ask for your complimentary copy of BT at any SPC petrol station on Saturday if you iapWfcVvuujvcilu fnake a minimum purchase of $30. Offer good while stocks last. SPC
      41 words
    • 1133 7 >at^ NOTICES Toll fiee 1800-28!) 8822 Email: nbtices&'spli.com.sg I In the Matter of The Companies Act, Cap.so And In the Matter of ATS GARMENTS PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****0040 M) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the
      1,133 words
    • 439 7 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) PURSUANT TO SECTION 290(1 Kb) At a General Meeting of PIONEER BARGING (S) PTE LTD duly convened and held at 1 Shenton Way. 20-05 Robina House. Singapore *****3 on 21 December 2005. the following resolutions set out below were duly passed
      439 words

  • SINGAPORE NEWS
    • 338 8  -  Merchants' group unveils 4 new strategies to liven up shopping belt By OH BOON PING SHOPPING at the Marine Parade Promenade may soon be revitalised with a series of new initiatives aimed at enhancing the level of shopping experience there. The Marine Parade Merchants'
      338 words
    • 246 8  -  By UMA SHANKARI SINGAPORE lags Japan and Hong Kong as a location for design work, a survey has found. The result reflects the superior "brand image" of Japan and Hong Kong as creative centres, says Spire Research and Consulting, which carried out the
      246 words
    • 229 8 MOST people who use MP3 players do so to listen to music but now there is a healthy, and free, alternative. The Health Promotion Board yesterday launched a podcast a technology that allows users automatic downloads of audio files from the Internet
      FILE PHOTO  -  229 words
    • 5133 8 UNIT TRUSTS FUNDS Otigroup Asset Mgt Clti Global Bond.'* 1.442/ Citi Asia Infrastructure 0.7726/0.8035 ABN Amro Asset Mgt (5 pore) Star Europe Eqty!" 0.873/ CmBond Sp(wA/ l U77/ Star Euope Bond 2W CmBood Spore gyj U2» StarEuropeBal Clti Money SGD Class A 1.033* Star Asun Tiger Eqty 12V C itj
      5,133 words
  • Page 8 Advertisements
    • 34 8 X. DIT Europazins Best Bond Europe Fund over lyr, 3yrs and 5yrs category Allianz® V' L. rated AA by Standard Poor's. clobal lnvestors company regn. no *****7169Z p Thp FHpp-I inner Funds Awards 7004.
      34 words

  • ECONOMY WATCH
    • 567 9 More reliable data will help govt shape tax policies and investment curbs Bloomberg [BEIJING] A Chinese census that revealed millions of new service companies, and led the government to increase its estimate of the nation's output by a fifth, may help maintain that
      Bloomberg; REUTERS  -  567 words
    • 356 9 Reuters [BEIJING] China sought to reassure the world yesterday that its rapid economic growth does not pose a threat just days after announcing its economy is a sixth bigger than previously thought. Its policy paper, China's Peaceful Development Road, is the latest effort
      Reuters  -  356 words
    • 474 9 Reuters (LONDON] Europe will prove a rich revenue stream for investment banks in 2006, extending this year's burst of corporate activity and with emerging European countries set to play an important role. In mergers and acquisitions (MBtA) alone. European volumes rose
      Reuters  -  474 words
  • Page 9 Advertisements
    • 2624 9 >ATcJ I NOTICES Toll free: 1800-289-8822 Email: notices^sph.com.sg j IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF ESMERK INFORMATION SERVICES PRIVATE LIMITED Company registration no. *****5860 D (In Members' Voluntory liquidation) At on Extraordinary General Meeting of the Company duly convened ond held at
      2,624 words
    • 420 9 In the Matter of The Companies Act, Cap. 50 and In the Matter of DONGWHA SINGAPORE HOLDINGS PTE. LTD. (Confwy No. *****6554K) «n Mntn' Vbfcrtary Liquidation) At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held on the 20th day of December 2005, the
      420 words
    • 640 9 IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF OFFSHORE INVESTMENTS PTE LTD (REG. NO.: *****1470 M) (INCORPORATED IN SINGAPORE) At on Extraordinary General Meeting ol the abovenamed Company duly convened ond held at 205 Sops Crescent Loyana Crescent, Loyartg Offshore Supply Base, S(*****8) on
      640 words

  • MALAYSIA/INDONESIA
    • 590 10 Rising bankruptcy among young may hit productivity, long-term growth Reuters [KUALA LUMPUR] Every month, Malaysian Sophia Lee juggles a housing mortgage, two car loans and outstanding debt on three credit cards. "I spend about twothirds of my monthly salary to pay my
      Reuters; AFP  -  590 words
    • 288 10 Reuters [KUALA LUMPUR] An arbitration panel has ruled in favour of Malaysia's Bumi-putra-Commerce Bank Bhd in a dispute with Germany's Deutsche Bank over RM24B million (Ssllo million) in bond deals, the Malaysian bank's parent said yesterday. "We wish to confirm that in the matter of
      Reuters  -  288 words
    • 244 10 Bloomberg [KUALA LUMPURJ Lion Corp, whose Malaysian steel unit Megasteel Sdn last month postponed a US$45O million bond sale until January, won approval from creditors to delay payments on debt coming due this month. The resolution was passed at a meeting with bondholders
      Bloomberg  -  244 words
    • 386 10 Bloomberg [JAKARTA] President Susilo Bambang Yudhoyono wants Indonesia's state oil company and Exxon Mobil Corp to resolve their dispute over the control of the Cepu field soon, presidential spokesman Andi Mallarangeng said. "President Yudhoyono wants the Cepu field to start production in 2008," Mr
      Bloomberg  -  386 words
    • 284 10 Bloomberg [JAKARTA] PT Bank Mandiri, Indonesia's biggest lender, removed its director for compliance Nimrod Sitorus in the second board shuffle in seven months following a government probe into loans given by the bank. Nimrod has yet to be replaced, Mandiri president Agus Martowardojo
      Bloomberg  -  284 words
    • 2289 10 VOl General Corp 4)40 -0.03 302 Doc 22 Ml W- rtm Genting .20.70 0.10 562 GeoraeKent -057 -0.01 48 ASM Realty 1.46 unch 1 GHL Systems 0.10 unch 136 Abnc .030 0.02 28 GlobetronicsTech 032 -0.01 272 ACP Industries .0.64 unch 0 Glomacihd IjOO 0.01 16 Advance Synergy
      2,289 words
  • Page 10 Advertisements

  • KEPPEL.CLIPPER – ROUND THE WORLD
    • 1353 11  -  BT journalist and sailor VINCENT WEE writes about the ups and downs the Uniquely Singapore Clipper went through during its voyage from Durban, in South Africa, to Fremantle, Australia VINCENT WEE L« HIKINC. at the pictures from the beginning and the ««nd of the third
      AO  -  1,353 words
    • 435 11 THE completion of Leg Three marks a pivotal point in the race for the Uniquely Singapore Clipper team. Three crew members who have been with us right from the start in Liverpool will finish their stints and leave the boat. Those of us who are
      435 words
  • Page 11 Advertisements

  • GREATER CHINA/INDIA
    • 535 12 It says Chinese firms can benefit as overseas markets are more regulated Bloomberg Reuters [SHANGHAI] China's asset regulator will urge stateowned companies controlled by the central government to list overseas first before listing on the domestic markets, Li Rongrong, chairman
      Bloomberg; Reuters  -  535 words
    • 601 12 NEWS ANALYSIS Big corporate, cultural differences bar long-term ties Reuters [SINGAPORE] The state oil firms of China and India may team up for more overseas bids following their successful debut in Syria, but are unlikely to form a perennial partnership
      Reuters  -  601 words
    • 171 12 Bloomberg [SHANGHAI] Chinese companies should step up supervision of their overseas investment units on activities including futures trading, said Li Rongrong, chairman of the State-owned Assets Supervision and Administration Commission. "China is closely following the issue and adopting measures against problems" that Chinese companies
      Bloomberg  -  171 words
    • 323 12 Vote not in line with mainstream opinion, it says AFP AP [BEIJING] The Chinese government yesterday pledged its continued support for Hong Kong leader Donald Tsang after his package of limited electoral reforms was voted down by pro-de-mocracy lawmakers. The pro-democracy lawmakers
      AFP; AP  -  323 words
    • 436 12 Reuters [NEW DELHI] Planned foreign investment in India's booming telecoms and information technology sector is expected to double to US$22 billion next year, as the world's top companies focus on the country, its IT and telecoms minister said. "The world
      Reuters  -  436 words
    • 108 12 [AHMEDABAD]Indian cricket team captain Virender Sehwag (second right) and players (from left) R.P. Singh. Harbhajan Singh, Mohammad Kaif and Yuvraj Singh posing with the trophies following India's victory over Sri lanka at the end of the fifth and final day of the third and
      PHOTOS: AFP, AP  -  108 words
    • 382 12 Partnership allows it to enter large protected market Bloomberg [BEIJING] Philip Morris International plans to link up with China's state-owned tobacco company to make Marlboro cigarettes there and sell them nationwide, entering the world's largest and most protected tobacco market. The
      Bloomberg  -  382 words

  • ASIA-PACIFIC/WORLD
    • 603 13 Demand for flash memory in digital gadgets fuels investor optimism Reuters [SEOUL] Shares in Samsung Electronics jumped 3 per cent to a record high and other Asian chip makers to multi-year peaks yesterday, lifted by growing investor optimism over their earnings prospects. Explosive
      Reuters; AFP  -  603 words
    • 336 13 LATEST US DATA AP [WASHINGTON] American consumers increased spending moderately in November though the growth in their incomes slowed a bit, raising doubts about how strong the Christmas sales season will be. The Commerce Department said personal spending rose by 0.3 per cent
      AP  -  336 words
    • 278 13 AFP [TOKYO] The ritual of exchanging business cards could become a thing of the past after Japanese researchers devised a way to swap data just through a handshake. If two people each wear a 50-gram device the size of a matchbox, they could receive
      AFP  -  278 words
    • 226 13 Reuters [SHANGHAI] Dell Inc's aggressive expansion in Asia has suffered a setback with the departure of the company's top regional executive to an upstart Chinese rival its second high-level departure in the past two months. A Dell spokeswoman said Steve Felice will
      Reuters  -  226 words
    • 371 13 Bloomberg [TOKYO! Saudi Prince Alwaleed bin Talal told the Nihon Keizai newspaper he may invest in Sony Corp. Howard Stringer, Sony's chief executive, can help revive the company just as Carlos Ghosn did at carmaker Nissan Motor Co, Prince Alwaleed was quoted
      Bloomberg  -  371 words
    • WORLD WATCH
      • 48 13 Reuters [TOKYO] The number of deaths in Japan is expected to exceed births in 2005 for the first time in more than a century, government data showed yesterday, foreshadowing a population decline that could threaten the long-term health of the economy. —Reuters
        Reuters  -  48 words
      • 57 13 [LONDON] Hilton Group has received at least three approaches from private equity groups BC Partners, Blackstone and CVC Capital interested in buying its Ladbrokes division, in a deal that could potentially value the betting shop chain at £3 billion (SsB.B billion) to £4 billion including debt,
        57 words
      • 42 13 AP [BRUSSELS] The European Union took new legal steps against Microsoft Corp yesterday to ensure better compliance with its 2004 landmark antitrust ruling, and threatened penalties if the software giant did not meet its demands. —AP
        AP  -  42 words
      • 38 13 AFP [HONG KONG] The Asian edition of the Wall Street Journal has reshuffled its top management, replacing editor Reg Chua with deputy managing editor John Bussey, parent company Dow Jones said yesterday. —AFP
        AFP  -  38 words
      • 80 13 Reuters [WASHINGTON] Doctors in Vietnam reported on Wednesday they had found more evidence that the HSNI bird flu virus can quickly mutate into a form that resists the effect of Roche AG's frontline drug Tamiflu. Four of eight patients treated in Vietnam for bird
        Reuters  -  80 words
      • 37 13 NYT [NEW YORK] IBM announced on Wednesday that it would pay US$B65 million for Micromuse Inc, whose software is used to manage Internet-based computing networks that handle voice, video and data. NYT
        NYT  -  37 words
      • 66 13 Bloomberg [TOKYO] The Tokyo Stock Exchange is turning to people instead of computers to try and prevent a recurrence of a trading error on an initial share sale that cost Mizuho Securities Co 40.5 billion yen (*****.1 million). The three officials that monitor
        Bloomberg  -  66 words
      • 28 13 Bloomberg [BRUSSELS] Oracle Corp cleared the last hurdle in its US$5.B5 billion takeover of Siebel Systems Inc by winning approval from EU regulators. Bloomberg
        Bloomberg  -  28 words
    • 336 13 NYT [NEW YORK] Jeffrey M Bewkes was named president and chief operating officer of Time Warner on Wednesday, putting him in line to succeed chief executive Richard D Parsons, who is fending off the efforts of some investors to break up the company. Coming
      NYT  -  336 words

  • AVIATION
    • 508 14 GE system will be less intrusive and clear passengers in 20 seconds AFP |s\S I K\S» IS4 OJ \n air ;--fl untt thr futufr that krt* lr»>c] U>tt Ira*** ihiirt un fr«ct in* in |h« k«" l» and Upt»|< fumputr»» in urn
      AFP  -  508 words
    • LOG BOOK
      • 85 14 AFP |l l >N! X >N| British ln\% cost airline easy Jet yraUrday said it would buy 20 more \irbus \3l') planes fur about I SS'XNt million after exercising options in an agreement signed llir**«* years ago Under that agrc«>mpnt in December
        AFP  -  85 words
      • 71 14 Bloomberg |T()KY()| Japan Airlines Corp and All Nippon Airway s Co. Japan's two largest carriers, said they cancelled a combined 95 domestic flights yesterday because of heavy snow in the country. JAI. grounded 43 domestic flights as of 10 am local time
        Bloomberg  -  71 words
      • 85 14 Bloomberg |ll()N(i K()N(i| Xiamen Airlines, a unit of China's biggest carrier by fleet, has placed a US$72O million order for 10 Boeing Co planes, expanding its fleet to meet the nation's increasing demand for air travel. The airline, 60 per cent-owned by China Southern
        Bloomberg  -  85 words
      • 72 14 Reuters |H()N(i KONGIThe state-run parent of China's Hainan Airlines Co l.td is in the process of taking a 70 per cent stake in Hong Kong's CR Airways for HK$35O million (5575.4 million), a source close to the deal said yesterday. CR
        Reuters  -  72 words
    • 429 14 AP IKI 'AIA I UMPUHI National carrier Malaysia Airlines may sell its headquarters and other assets to raise part of HM3 billion (Ssl 3 billion) it ne««ds to revamp the organisation and return to the black, a media report said yesterday
      AP  -  429 words
    • 347 14 Bloomberg IMIJMRAII Jet Airways (India) l.td. the country's biggest domestic airline, said it had obtained tin? Reserve Rank of India's permission for fuel hedging overseas to reduce costs. "We have got an in-principle approval for oil uplifted outside but we are yet to
      Bloomberg  -  347 words
    • 444 14 New version is likely to fly further, carry more people Bloomberg lIMIM. IWin| In Old N BUI put ah-** M«U am a UfaVWd iffUMt of tt» 71? pUn* ptntfartni r«n|* im4»l tKr M M*m( p*ikn~t in mm pH# with SAS and rr|tin
      Bloomberg; K  -  444 words
    • 184 14 Reuters (SKOUI.I Korean Air Co, South Korea's top rarrirr. ha* signed a US$3OO mil lion dral to supply nose wheek to Boring (I© for its 7*7 Oreamliner passenger jet. thr korran Arm said yesterday. Korran Air. also thr world's biggest air rargo rarrirr.
      Reuters  -  184 words
    • 606 14 Z Z m US -Mi tj£ Mb QKX '710 fj| 11 SHI IS ±28 «M* U7WD 1140 W*jl 1745 lM|ta CQH |JW OXC JWJ "1 fS Sill lilt "m ,yn ylgj X UN mm iioo jjjg jyg 11 IJ i| m m M Illl afi!5- ,wiw
      606 words

  • SHIPPING
    • 758 15 It benefits from increase in global shipments, higher fuel surcharge Bloomberg [DALLAS] FedEx Corp, the second-largest US package shipping company, said fiscal second-quarter profit climbed 33 per cent as deliveries rose around the world and the company raised surcharges to cover higher fuel prices. Net
      Bloomberg; AP  -  758 words
    • 399 15 Bloomberg [LONDON] The cost of shipping crude oil from the Persian Gulf to Asia on two mil-lion-barrel tankers fell as a surplus of tonnage offset an increase in bookings before the year-end holidays. Freight rates for vessels called very large crude carriers,
      Bloomberg  -  399 words
    • PORT SHOTS
      • 118 15 Bloomberg [LONDON] BP pic, Europe's biggest oil company, plans to stop using tankers with one layer of steel protecting their cargo tanks from next month to reduce the risk of spills. The company aims to introduce the policy on Jan 9, said Simon
        Bloomberg  -  118 words
      • 81 15 Bloomberg [LONDON] Associated British Ports Holdings pic, the UK's largest port operator, won government permission to build a terminal at Hull, England, that will allow the port to handle larger ships carrying more containers. The terminal will take 18 months to build and
        Bloomberg  -  81 words
      • 97 15 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's second-largest shipyard, said profit last month fell 57 per cent from a year earlier. Net income in November dropped to 11.4 billion won (5518.7 million) from 26.2 billion won in the same month last year,
        Bloomberg  -  97 words
    • 534 15 Reuters [NEW YORK] The leaders of the union behind New York's crippling mass transit strike met transit authorities yesterday for the first face-to-face talks since workers walked out on the job two days ago, local media said. With the bus and subway
      Reuters; AP  -  534 words
    • 729 15  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE Australian Pilot publication does not sufficiently highlight the shortcomings of the port of Newcastle anchorage in adverse weather conditions, according to an investigation report released last week by the Australian Transport Safety Bureau (ATSB). The finding in
      729 words
    • 129 15 Bloomberg [HONG KONG] Star Cruises Ltd, Asia's largest cruise line operator, formed a venture with VXL Capital Ltd and Nan Fung Development Ltd to seek the right to build Hong Kong's second cruise-ship terminal, VXL said. Nan Fung, a privately held Hong Kong
      Bloomberg  -  129 words
    • 287 15 SGX '000 D*22 SS W- Vol CH Othhore .036 unch 245 ChuanHup -0.37 unch 1246 Cosco Corporation 2.12 unch 3962 CWT Distribution 0.80 unch 162 Ezra Hldgs 1.38 unch 148 Freight Links 0.06 unch 883 Grand Banks Yacht 0.89 0.01 13 Java Holdings 1.22 unch 1205 KfVenture .0.32
      287 words

  • EDITORIAL & OPINION
    • 507 16 EDITORIAL AT long last, things are looking up in the I.and of the Rising Sun. This week. Japan's benchmark Nikkei stock index surged above 16,(XX) for the first time in more than five years, and the Japanese yen had its best week in
      507 words
    • 1198 16  -  But to make the best of them, investors must formulate the right market entry strategy By SANCHITA BASU DAS INDIA, one of the top emerging economies, presents a vast potential for overseas investment and is actively encouraging foreign direct investment (FDI) in the country. In
      AFP  -  1,198 words
    • 750 16  -  THE BOTTOM LINE YOGI AGGARWAL WHILE much is made of India's booming IT software exports, the country is way behind in its hardware manufacturing facilities. And while a series of investments for projects have been announced in the past few weeks, all these plans are
      750 words
    • 1117 17  -  ASIAN TSUNAMI A YEAR AFTER No collateral for loans, not enough funds in the banks and lack of land titles delay rebuilding By ARIJIT GHOSH Bloomberg Mohammed Nur's request for a US$2,OOO loan to revamp his restaurant in tsunamidevastated Banda Aceh was turned down because
      Bloomberg; REUTERS  -  1,117 words
    • 872 17  -  ANDY MUKHERJEE Bloomberg ONE year after the tsunami, a majority of the half-million people whose homes were swept away in Sri Lanka by ocean waves are living in temporary shelter because new houses are being built too slowly. Out of the 95,000 houses that
      Bloomberg  -  872 words
    • 334 17  -  LETTER TO THE EDITOR Kevin Shum Director Social Support Division 1 Ministry of Community Development, Youth and Sports I RF.FKR to Mr l.u Kee Hong's letter, "Help for n«'edy: Ciive useful details" (BT. Dec 15). Mr l.u asked how the "needy" are evaluated
      334 words

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    • 108 17 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to MctterOsph.com.sg or write to: The Business Times, SPH HQ, IOOOToa Payoh North, Podium level y, Singapore *****4. We need your Kill name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws.
      108 words

  • 10059 18 SGX MAINBOARP 52-Wk Td Last Vol My Last Quote GrOiv Mv GrVM MM Mbp HiBll Low Code Company Sate W- fOBW tow »nyr 5*r Cw Wt hJ 75 2 5716 1st Software Sc 3 2 2.5 12.1 22 6 3148 8TelecomUS2c 7 unch 1 7 7 7 7.5
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  • 5824 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES hi local cm taiSJ l«US$ *dy %yr *dy Dec 21 lnd»» Owng« Chang* Onng» Chang* Change Chang* World Index Pretirmnary 975.4 0.8 14.4 0.7 10.8 0.5 8-4 EAFE 968.8 0.9 25.4 0.4 133 07 105 BwnPlUMwi 1Z83.9 07 217 ai 9.1 -01 U
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  • THE BUSINESS TIMES SHIPPING TIMES
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  • CINEMA
    • Article, Illustration
      615 25  -  But the thinness of the tale shows through despite loads of CGI creatures, epic battles, fabulous settings, and big climatic moments, says PARVATHI NAYAR PARVATHI NAYAR CHILDHOOD fans of the sevenpart fantasy by C S Lewis will agree that its film adaptation, The Chronicles of Narnia: The Lion,
      615 words
    • 512 25  -  By PARVATHI NAYAR WAR, the act of killing your fellow human beings for a "cause", works best when the enemy is depersonalised: a faceless, evil, bogeyman with no redeeming features. What happens when the bogey-man acquires a face and a face that you would
      512 words
  • Page 25 Advertisements
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    • 2 25 a*. w
      2 words

  • ARTS
    • 876 26  -  CERAMICS Ceramicist/performance artist Jason Lim talks to PARVATHI NAYAR about his art PARVATHI NAYAR FRUITS of Labour is a showcase of some 60 hand-built and pressmoulded new ceramic works, created by Jason Lim at the Jalan Bahar Dragon Kiln this year. Does the title refer literally
      876 words
    • 722 26  -  DECORATION By PARVATHI NAYAR IT is not often that the visual arts lends itself to a business model outside the accepted network of galleries and art dealers: however, that is one of the unusual achievements of Art et Domain. This Singapore-based, decoration house
      YEN MENG JIIN  -  722 words
  • Page 26 Advertisements
    • 67 26 Whafs a Philips Sonkare sonic frequency toothbrush got to do with Crosswords? i. Puzzled? I 1 Mk gpf $L iUI H i|j| I BKHI& VML hL ip Ift Clue: You'll soon be brushing with the power toothbrush in a deep cleaning experience thafs hard to match if you're one of
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  • Page 26 Miscellaneous
    • 185 26 CRYPTIC CROSSWORD 2 It's revolutionary underneath vehicle (5) 3 Concern for guard on duty? (7) from one making deliveries (8) Clubroot, 10 Agaric, 12 Public bar, 13 4 Express disapproval at goal (6) 17 Tent hood replaced at exactly Serum, 14 Pros, 16 Maunder, 19 Arti--5 Alternative to ritual conference
      185 words

  • COVER STORY
    • 1028 27 'In Australia, where I grew up, Christmas was always celebrated in a very traditional way with warm family gatherings, delicious food and presents. But Christmas 2000 was starkly different for me. I was then working in Mumbai as Prudential India's executive vice-president of sales and distribution. My wife
      1,028 words
  • Page 27 Advertisements
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    • 45 27 VTf 1 5 B M| r? ggyiJ DVD Home Entertainment System Purchase a Lifestyle 28 S// DVD Home Entertainment System this festive season and enjoy one of these gifts from us! Jfe [mol Multimedfa Speaker System Afusic System o $300 Off I Whilst stocks last
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  • executive lifestyle
    • 1300 28 It's the day before Christmas Eve, and while the first thing on most people's minds is how to sort out their dinner menus and party wardrobe, it's also a time of reflection. After all, what is Christmas, but a Christian celebration of the birth of Jesus Christ. Today,
      1,300 words
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