The Business Times, 28 December 2005

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Total Pages: 28
1 28 The Business Times
  • 14 1 THE BUSINESS TIMES Wednesday December 28,2005 online at http://business-times>asial .com^g MICA (P) 089/03/2005 SJN6APQflES£rfnts
    14 words
  • 136 1 STI 2,334.94 (46.65) ST INDEX FUTURES *****)0 (+6.00) siMsa 277.02 (+1.04) SIMSa FUTURES 277 M (-0.10) MARKETS Tuesday Chang* KLSECOMP 894.51 +238 NIKKEI 225 15,969.40 -138.27 HANG SENG Closed SET INDEX 706.47 +5.10 JAKARTACOMP 1,161.71 +3.37 MANILA COMP 2,088.60 -22.86 SEOUL COMP 1.373.55 +5.96 SHENZHEN B 192.41 -0.77
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  • 919 1  -  BT exclusive Trend could be a concern in face of rising interest rates By SIOW LI SEN [SINGAPORE] After a modest start, HDB home borrowers have turned strongly to bank loans, which could be a concern given the rapid rise in mortgage
    919 words
  • 487 1  -  By S JAYASANKARAN m Kuaia Lumpur MALAYSIAN national carmaker Proton Holdings yesterday announced the sale of its ill-fated Italian motorcycle venture MV Augusta Motor for a nominal one euro (551.97). The proposed sale, by Proton Capital, is a tacit admission of defeat and Proton's biggest
    FILE PHOTO  -  487 words
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  • TOP STORIES
    • 606 2  -  Imbalance between high investment and low consumer spending growing By ANNA TEO [SINGAPORE] Energy in particular high oil prices has even more effect on the global economy than is widely realised, says the Conference Board's chief economist. Separately, the Economic Intelligence Unit
      AP FILE PHOTO; FILE PHOTO  -  606 words
    • 620 2  -  CHEMICALS SECTOR By RONNIE LIM [SINGAPORE] 2006 is set to be a "cracker" of a year for Singapore's chemical cluster, with the likely go-ahead for another two multi-bil-lion dollar petrochemical plants by Shell and ExxonMobil expected by the second quarter, sources said.
      620 words
    • 589 2 Wall St on track for third straight year of gains WALL Street has held firm over 2005 despite fears over terrorism, devastating hurricanes and record high energy prices, leaving the main US indexes on track for a third straight year of gains. Yet analysts are divided on whether
      589 words
    • 796 3 But analysts are divided over whether bull run will be maintained next year AFP [NEW YORK] Wall Street has held firm over 2005 despite fears over terrorism, devastating hurricanes and record high energy prices, leaving the main US indexes on
      AFP  -  796 words
    • 924 3 OBITUARY The country's richest man, his wealth is estimated at A$6.9b AFP Reuters NYT Bloomberg [SYDNEY] Media mogul Kerry Packer combined a love of making money with a typically Australian pas- j sion for sport, pausing in his relentless rise as the 1
      AFP; Reuters; NYT; Bloomberg; REUTERS FILE PHOTO  -  924 words
    • 373 3 AFP [SYDNEY] Associates of Kerry Packer said that they were confident his son James was ready to take full control of the business empire built up by Australia's richest man, despite blotting his copybook with a failed telecoms venture in 2001.
      AFP; AP  -  373 words
    • 108 3 Reuters Bloomberg Packer fortune estimated at A 56.9 billion (SsB.3 billion). Business interests span magazines, television, ski resorts, cinemas, petrochemicals, heavy engineering, diamond exploration and cattle ranching. Changed the face of world cricket in 1977, launching a series of one-day matches for his Channel Nine
      Reuters; Bloomberg  -  108 words
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  • Page 3 Advertisements
    • 178 3 Km!M H m mmm mmm BMk v H^^VnT^ l I^3 4-'M'"'l§; r 4,.a.; :V i ,ViA:^.. bSMex .:rfajal if iT'^ml jM lr Ti Barcelona Win# Bar #01-30/31 New Year 5-coutse Set Dinner at $88+++ *vrO/"U.f (Jo 6 Dec 2005 1 Jan 206*6). Each set dinner comes with free flow of
      178 words

  • COMPANY NEWS
    • 933 4  -  ACCOUNTING RULES Stock option rules lead 2005 changes for companies By MICHELLE QUAH THE way companies think and operate changed significantly this year with the introduction of several new accounting rules. And more changes are set to come, with corporations still trying to figure out
      FILE PHOTO  -  933 words
    • 372 4  -  Company gearing up for hearing next month By UMA SHANKARI HEART stent maker Biosensors International, which is facing legal action alleging patent infringement, said yesterday that it believes that it is in a strong position to defend against the allegations. On Dec 13, the
      372 words
    • 209 4  -  By SIOW LI SEN HELPED by its chairman Derek Goh's application, computer peripheral and components trader Serial System's rights issue has been fully subscribed despite it having issued a profit warning. Serial System said as of Dec 20, the closing date of the rights
      209 words
    • 692 4  -  HOCK LOCK SIEW By PAULINE NG ONE might have envied Yusli Mohamed YusofT for the six million share options he received as part of Bursa Malaysia's listing in March. But few envy his position as chief executive of a bourse whose pulse appears to be
      FILE PHOTO  -  692 words
    • 522 5  -  PROPERTY REVIVAL Including estimated $6.1m development charge, price works out to $541 psf per plot ratio By KALPANA RASHIWALA IN yet more evidence of the pick-up in the property market, Bukit Sembawang has just bought its third residential development site this year Carlton
      522 words
    • 606 5 Bloomberg CAPITALAND, Singapore's biggest property developer, has asked lenders to propose financing for a 551.89 billion project in the nation's main shopping area, bankers involved in the bid said. The money will help pay for the prime property at Orchard Turn that Capita
      Bloomberg  -  606 words
    • 385 7 It will gain direct control of 182 outlets in 34 cities to strengthen its presence in China OSIM International is strengthening its presence in China and gaining direct control of 182 outlets in 34 Chinese cities under a deal announced yesterday. The
      385 words
    • 338 7  -  By MATTHEW PHAN ACTING on plans to explore water-treatment projects in the region, United Engineers Ltd (UEL) yesterday announced the formation of an investment vehicle to spearhead this drive. UEL, a group of engineering and construction, facilities management and trading companies, has
      338 words
    • COMPANY BRIEFS
      • 90 7 OEI Hong Leong-controlled Chip Lian Investments' offer for International Capital Investment Ltd (formerly known as Jurong Engineering) has become unconditional. As at spm yesterday, Chip Lian received valid acceptances for about 3.95 million shares or 11.99 per cent of ICIL's issued share capital
        90 words
      • 31 7 MACQUARIE Bank is launching a series of European-style cash settled warrants on Cpsco Corporation (Singapore), Biosensors International Group, Jurong Technologies Industrial Corp and STATS ChipPAC.
        31 words
      • 33 7 SUPERIOR Multi-Packaging has appointed director Ong Chow Hong as its interim chief executive officer, with effect from Jan 1,2006. The board is shortlisting candidates for the CEO post.
        33 words
      • 67 7 PACIFIC Healthcare Holdings has inked deals to dispose of its 25 per cent stake in associated firm Pacific Healthcare Nursing Home Pte Ltd for $912,500. The disposal will also include a partial repayment of shareholders' loans previously extended by the company to the
        67 words
      • 58 7 HONGWEI Technologies, a mainland China-based polyester fibre manufacturer and supplier, began producing polyester padding cotton (PPC) products from Dec 26. The new product, which can be used as a substitute for natural cotton in making sofa and other accoutrements, is expected to have
        58 words
    • 188 7 Reuters [BANGKOK] Advanced Info Service PCL (AIS), Thailand's largest mobile phone company, said yesterday its net new subscriber numbers dropped 18.46 per cent in November after major competitors stepped up marketing activities. AIS said on its website (www.ais.co.th) it had about 90,100 net new
      Reuters  -  188 words
    • 276 7 [KUALA LUMPUR] Khairy Jamaluddin, the son-in-law of Malaysian Prime Minister Abdullah Ahmad Badawi, has bought a stake in financial advisory firm ECM Libra Bhd from its senior officers, according to Reuters yesterday. The Malaysian corporate advisory owns 29.2 per cent of
      THE STAR FILE PHOTO  -  276 words
  • Page 4 Advertisements
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      63 words

  • Page 5 Advertisements
    • 21 5 Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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    • 1838 5 SDatacraft 1 I DATACRAFT ASIA LTD (Registration No. *****1842Z) I I NOTICE OF TWELFTH ANNUAL GENERAL MEETING I I NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of Datocraft Asia ltd ("Company') will be held at Conrad Centennial H Singapore, Two Temasek Boulevard, Singapore *****2 on Friday, January
      1,838 words

  • SINGAPORE MARKETS
    • 502 6  -  STOCKS Tech stocks lead the way; analysts upbeat about market's prospects next year TEH HOOI LING Senior Correspondent THE Singapore market sailed into the last week of December with firm undertone, despite trading volume being very thin. The Straits Times Index yesterday advanced by 6.65
      Source: Bloomberg  -  502 words
    • TRADES TO WATCH
      • 440 6 ANG Seng Thor, whose appointment as executive director of AEM-Evertech Holdings was terminated last month, continues paring his stake in the company. A filing with the Singapore Exchange released yesterday showed that Mr Ang sold a total 0f4.662 million shares on the open market between
        440 words
      • 77 6  -  Compiled by KALPANA RASHIWALA SEMBAWANG Kimtrans' substantial shareholder Tan Choon Hock has once again increased his interest in the integrated mining logistics specialist. He bought 718,000 shares on Dec 22 on the open market. The transaction raised Mr Tan's direct interest in
        77 words
    • Article, Illustration
      428 6 OTHER SINGAPORE INDICES Dec 27 VALUE CLOSE BT OB/OS 76.00 +60.00 BTCAPI -*****.00 +56.00 BT 10-day MA -*****.00 +8.00 All-SG Equities 597.37 +1.75 SG Equities Elect 125.80 +0.65 SG Equities Fin 1715.19 +7.89 SG Equities Prop 712.83 +1.19 SIMSCI 277.02 +1.04 SiMSCI Futures 277.80 -0.10 MOST ACTIVE STOCKS VOLUME UTACUS1SC
      428 words
    • 653 6  -  Compiled by UMA SHANKARI Olam Dec 27 close: $1.48 IQM ENG RESEARCH. Dec 27 THE recently concluded WTO ministerial meeting held in Hong Kong, which, while from Olam's perspective was disappointing, was not entirely a surprise. Developing countries are Olam's primary source of agricultural products. The removal of
      653 words
    • 436 6 CURRENCIES [TOKYO] The US dollar nudged higher against other major currencies in quiet Asian trade yesterday as the market showed little reaction to the first rise in Japanese consumer prices for over two years, dealers said. Since overseas markets were closed on Monday
      436 words
    • 251 6  -  CHART POINT By YEO KEE YAN, chartist at Kelive Research THE benchmark Straits Times index traded within a 35-point range from 2,315 to 2,340 in the past two weeks as activity slowed amid the December lull. The behaviour was within our earlier technical expectation
      251 words

  • Page 7 Advertisements
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      76 words

  • SINGAPORE NEWS
    • 638 8  -  Data shows economy is on track to beat full-year growth forecast By NANDE KHIN SINGAPORE'S manufacturing output again beat market expectations in November, putting the economy on track to beat the official full-year growth forecast of "around 5 per cent". Factory output surged 22.4
      REUTERS  -  638 words
    • 87 8 Bloomberg [SINGAPORE] Singapore's Changi Airport, Asia's sixth-busiest, said it handled more passengers and cargo last month as a record number of airttnto flew to the city state on increased trade and travel demanjfcue? ffMi trip* The airport handled 2.8 million passengers in November, a
      Bloomberg  -  87 words
    • 196 8 NTUC Income is celebrating the New Year with a special gift for its motor insurance policyholders an estimated 5 per cent cut in premiums from Jan 1. "We aim to make our rates even more attractive." chief executive officer Tan Kin Lian said
      196 words
    • 122 8 Reuters [SINGAPORE] Singapore will release advance gross domestic product data for the fourth quarter and the whole year on Jan 3, the government said yesterday. The data will be released at Bam next Tuesday on the websites of the Ministry of Trade and
      Reuters  -  122 words
    • 704 8  -  By ARTHUR SIM FIVE industrial land sites with a total area of 12.9 hectares are to go on the Confirmed List of Government Industrial Land Sales Programme for the first half of 2006. In addition, there will be five sites, totalling 8.9 ha,
      704 words
    • 486 8  -  By ARTHUR SIM VIETNAM may be the next frontier for globalisation, but the country's business laws are still being tweaked. Dao Nguyen, a partner at Hong Kong law firm Johnson Stokes and Master in Vietnam, says that it has got hold of a
      486 words
  • Page 8 Advertisements
    • 1559 8 H A?V"-»«" r *p' thai village holdings ltd \> 1 v iL^ (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Thai Village Holdings Ltd will be held at Blk 1202, East Coast Parkway #01 -03 East Coast Seafood Centre Singapore *****1 on
      1,559 words

  • ECONOMY WATCH
    • 486 9  -  By ANTHONY ROWLEY in Tokyo JAPANESE consumer prices moved back into positive territory in November for the first time in two years, signalling what analysts predict is the imminent end of deflation in Japan. But government ministers immediately claimed
      486 words
    • 466 9 Yuan to rise slowly within a managed range: says central bank adviser Bloomberg Reuters [BEIJING] China's economy may grow by between 8.5 and 9 per cent next year under a "relaxed" macroeconomic policy environment, the investment department of the nation's top
      Bloomberg; Reuters; AFP  -  466 words
    • 804 9 NYT [DETROIT] In another era, Jennifer Granholm's courtship of Toyota would have been considered heresy for the governor of a state where American automakers and their suppliers fueled Michigan's economic engine for decades. But with General Motors and Ford Motor Co cutting thousands of jobs,
      NYT; BLOOMBERG  -  804 words
    • 807 9 [MUMBAI] After a lacklustre 2005, the Manmohan Singh government has readied a moderate-to-heavy reforms agenda for 2006, with a part of it expected to be unveiled during the first quarter itself, says the Business Standard. For instance, a
      807 words
    • 427 9 Bloomberg [MOSCOW] Opec and Russia will hold annual ministerial meetings in an effort to improve oil market transparency as Russia assumes Group of Eight leadership. The decision was reached during talks in Moscow on Monday between Sheikh Ahmad Fahd al-Sabah, president
      Bloomberg  -  427 words

  • MALAYSIA/INDONESIA
    • 694 10 However, second and mainboard listings experience y-o-y decline [KUALA LUMPUR] The Mesdaq market was Bursa Malaysia's biggest winner in terms of the number of initial public offerings (IPO) in 2005, registering a 67 per cent jump in company listings year-on-year, compared with
      Source: Bursa Malaysia/M T  -  694 words
    • 2348 10 VOL General Corp .0.40 -0.01 164 Dec 27 MM *1- QOO) Genting 21.00 0.20 316 George Kent .0.58 0.01 39 ASM Realty 1.46 unch 0 GHl Systems .0.10 unch 779 AbrK .0.29 -0.01 2 Globetronics Tech 0.31 -0.01 391 ACP Industries .0.64 unch 6 GlomacBhd 1.00 -0.03 155
      2,348 words
    • 634 10 [KUALA LUMPUR] Just about everybody knows that Kumpulan Guthrie Bhd's long-awaited turnaround story hinges on its Indonesian estates performing well in the next couple of years or so. Yet, there is persistent talk of other Indonesian companies eyeing Minamas Plantation, Guthrie's Indonesian subsidiary,
      634 words
    • 394 10 [JAKARTA] Syariah banking, which is based on Islamic law, will expand by up to 50 per cent next year in the world's largest Muslim country on an improving economy and the implementation of a new system, the Jakarta Post reported a
      394 words
    • BRIEFLY ASIA
      • 59 10 Bloomberg [BEIJING] China will force all chairmen, general managers and senior managers of publicly-traded companies to participate in training by the securities regulator, according to the China Securities Regulatory Commission. Management personnel, which also include directors, independent directors, chief financial officers and board secretaries, will
        Bloomberg  -  59 words
      • 61 10 Bernama IKUALA LUMPUR] Titan Chemicals Corp, which has proposed to acquire Indonesian polyethylene producer PT Petrokimia Nusantara Interindo (Peni), will pay for the acquisition in US$2O million in cash and facilitate the resolution of US$5B million in debts owed by the latter to bankers.
        Bernama  -  61 words
      • 80 10 AP (JAKARTA] Police suspect Islamic militants seeking money for terrorist operations may have carried out a recent string of armed robberies in Indonesia, a spokesman said yesterday. Gunmen made off with more than 130 million rupiah (5521,950) in one of five recent bank robberies in Jakarta,
        AP  -  80 words
      • 97 10 Bloomberg [NEW DELHI] India will allow 70 companies including Adlabs Films to submit financial bids for the second phase of expansion of the FM radio network. Among the companies looking to set up stations in 91 cities are units of Sri Adhikari Brothers
        Bloomberg  -  97 words
    • 251 10 [KUALA LUMPUR] Indian paint manufacturer Goodlass Nerolac Paints Ltd (GNP) plans to invest up to RM1.13 billion (*****.6 million) in a partnership with its parent company to capture a slice of the paint market in Malaysia, according to a report in Malaysia's Business Times.
      251 words

  • GREATER CHINA
    • 423 11 Growth in home prices has slowed down after govt tightened policies, says minister Reuters [BEIJING] China will keep a tight grip on real estate investment in 2006 to maintain stable property prices, Construction Minister Wang Guangxi said in remarks published on Monday.
      Reuters; AFP  -  423 words
    • 259 11 AP [BEIJING] A former Cabinet minister was sentenced yesterday to life in prison in China's highest-level corruption case since a deputy chairman of parliament was executed in 2001. A Beijing court convicted Tian Fengshan, former minister of land and resources, of taking 4.4 million
      AP  -  259 words
    • 177 11 Reuters [BEIJING] China's market for corporate asset-backed securities (ABS) will hit 200 billion yuan (5541.2 billion) within two years, officials from the securities regulator said in remarks published yesterday. The comments from the China Securities Regulatory Commission suggested the authorities planned
      Reuters  -  177 words
    • 261 11 Bloomberg [BEIJING] China will raise one-year deposit rates for US dollars and Hong Kong dollars, the People's Bank of China said in a statement posted on its website yesterday, the fifth increase this year. US dollar deposit rates will rise by 0.5 percentage
      Bloomberg  -  261 words
    • 198 11 AFP [TAIPEI] Taiwan Cooperative Bank, among the largest banks on the island, is in talks with foreign banks for the sale of a stake as part of efforts to increase competitiveness, a source said. The source declined to name potential buyers, but
      AFP  -  198 words
    • 569 11 It lacks liquidity, transparency and foreign funds [LONDON] Taiwan aims to overhaul its domestic corporate bond market, known for its lack of transparency, liquidity and foreign participation, within two years, according to the island's market regulator, says the Financial Times. The
      569 words
    • 488 11 China Three Gorges is investing an initial 50.3b yuan [BEIJING] China Three Gorges Project Corp, builder of the world's biggest hydroelectric plant, has started work on the country's second mega-hydropower unit, on Jinsha River, investing an initial 50.3 billion yuan (5510.4 billion). China
      AFP  -  488 words

  • INDIA
    • 802 12  -  INDIA INSIGHT India's top business houses strike big deals in the country's multimillion-dollar film-exhibition sector ASHOK KUMAR In Mumbai Going to the cinema has long been one of the most popular entertainment options in India. But these days the cinemas themselves are part of the
      AFP  -  802 words
    • 579 12 Bloomberg [NEW DELHI] Matrix Laboratories Ltd, India's ninthbiggest drugmaker in which Singapore investment company Temasek Holdings has a stake, expects to sign agreements with two generic companies in the US in the next few weeks to supply them with finished medicines for the world's
      Bloomberg  -  579 words
    • 267 12 AP [NEW DELHI] An Indian textile firm has signed a US$l7.5 million deal to acquire US fabric maker Dan River Inc, hoping to gain a foothold in the American market and win contracts from top retailers like WalMart. In a notice to
      AP  -  267 words
    • 378 12 It will make Indian firm world's No 3 soda ash maker Reuters [MUMßAl] India's Tata Chemicals Ltd said on Monday its group revenues would touch US$l billion after the acquisition of UKbased soda ash maker Brunner Mond Group. The acquisition,
      Reuters  -  378 words
    • 235 12 [KOLKATA] Indian Oil Corporation (IOC) is considering participating in a few "opportunities" in refining and downstream activities, including retailing and equity oil stake, in African nations, reports Business Line. The federal government recently allowed Oil India Ltd (OIL) and lOC to
      235 words
  • Page 12 Advertisements
    • 2149 12 >AT^ NOTICES M THE MATTER OF THE COMMMES ACT, CAPJO AND M THE MATTER OF MONDEX MOW PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Co. Reg. N0.1H70G047W NOTICE IS HEREBY OWEN that the creators of the abovenamed Company which is being voluntarily wound up, are required on or before the 3rd
      2,149 words

  • ASIA-PACIFIC/WORLD
    • 507 13 AFP [WASHINGTON] The annual ritual has been performed. Coveted boxes pulled from under the tree, ribbons cut, wrappings torn, and misty-eyed "thank yous" exchanged. Now what? If a survey released on Monday by online auctioneer eßay is to be believed, it's time to
      AFP; AP  -  507 words
    • 399 13 Goldman rapped for violating investment advisory rules Bloomberg [TOKYO] The world's largest savings bank Japan Post will exclude Goldman Sachs Group when it next selects asset managers to offer investment trusts to customers that have US$2 trillion on deposit. The postal system
      Bloomberg; BLOOMBERG  -  399 words
    • 299 13 Bloomberg [SEOUL] South Korea said offshore and corporate customers will lose access to foreign exchange quotes from Feb 1 in a move to reduce speculation in the local currency market. Under the new system, commercial banks will be the only entities able
      Bloomberg  -  299 words
    • 430 13 [NEW YORK] Amazon.com Inc. the world's biggest online retailer, said holiday sales worldwide set a record this year on demand for Apple Computer's iPod music players, video games and jewellery. Shoppers bought more than 108 million items between Nov 1 and
      AP  -  430 words
    • 538 13 Govt plan promotes gender equality, women managers AFP [TOKYO] Japan's population fell this year for the first time since World War 11, a national census showed yesterday, raising concerns about the challenge posed to the world's No 2 economy by a low birth rate. Amid
      AFP; REUTERS  -  538 words

  • AVIATION
    • 1034 14 Rising travel costs, devaluation of award programmes, erosion of service and bad weather may force them to avoid trips NYT [NEW YORK] AFTER surviving a year of airline bankruptcies, overcrowded flights, hidden hotel fees and indifferent service, business travellers might be forgiven for wondering
      NYT; FILE PHOTO  -  1,034 words
    • 834 14 HJftHT IT* FUGHT ETD gjg 1g% S6S5R Ltfffll 1245 lhWO gU 2^ ||j 2350 ills nli I ftljj 8?il gig j j ggjj I 1 I J! 1 ijjn fendiing MZ960 1146 MM01 1245 nhou jjffi Bangalore IC957 0700 0750 ®55PS5j llii oq?§ !wkh> CaS5? 6655
      834 words
    • 815 14 AIRCRAFT INDUSTRY AP [SEATTLE] It's been a good year to sell aircraft so good that Boeing Co sold dozens even while most of its commercial assembly workers were on strike. European rival Airbus has had a stellar year, too, but
      AP  -  815 words
    • 294 14 Reuters [SHANGHAI] China's air passenger and cargo volume growth should ease off in 2006 as the market reverts to a more stable pace of expansion following the post-Sars rebound of 2004 and 2005, media and the industry's watchdog said. About 15 per
      Reuters  -  294 words
    • 130 14 Reuters [HANOI] Vietnam will build a US$l5B-million international airport on its southernmost island near Cambodia next year to boost tourism, state media said yesterday. The airport would be built on Phu Quoc island off Kien Giang province to handle 2.5 million
      Reuters  -  130 words
  • Page 14 Miscellaneous
    • 242 14 CRYPTIC CROSSWORD preceding drive (8) 9 Drawn holding the French Lgr—^ team 10 Frozen fish taking line (4) P^" I I 1 Criminal and receiver's round 14 Difficult former wife creating jHT "Lh Ln| Lm—L_i_^L_J Queen (6) pendent (6) a funny repartee 23 We are, strangely, entities 25 Close to
      242 words

  • SHIPPING
    • 729 15  -  STRAIT TALK By DAVID HUGHES I AM writing this on Boxing Day, exactly a year after the tsunami devastated the coastlines of the countries surrounding the Indian Ocean. That event, right at the end of 2004, overshadowed the first few months of this year and
      AP  -  729 words
    • 236 15 AFP [PARIS] French ecologists made a last-ditch legal bid to stop the departure of the decommissioned aircraft carrier, the Clemenceau, with asbestos-laden insulation, to India to be broken up. Two groups. Ban Asbestos and Greenpeace, on Monday lodged a
      AFP  -  236 words
    • 290 15 SGX '000 Dec 27 s$ Vol CH Offshore JOM -0.01 350 Chuan Hup .0.39 0.01 3210 Cosco Corporation .2.13 -0.01 1857 CWT Distribution .OJI unch 0 Ezra Hldgs .1.47 0.01 315 Freight Unto .0.06 0.01 281 Grand Banks Yacht 0J8 unch 0 Java Holdings 1-23 unch 112 K1
      290 words
    • 370 15  -  Crew safe; S'pore authorities launch investigation By DAVID HUGHES in London PROMPT and effective action by the region's law enforcement agencies has led to the recovery of the hijacked tanker Steadfast and its crew, according to global anti-shipping crime agency ICC International Maritime Bureau (1MB). The 17,659-dwt
      370 words
    • PORT SHOTS
      • 200 15 Bloomberg [NEW DELHI] Petronet LNG Ltd awarded a shipping contract worth as much as US$27 million a year to a group including Mitsui OSK Lines Ltd to haul liquefied natural gas (LNG) from Qatar to India, Petronet Managing director P Dasgupta said. The contract is
        Bloomberg  -  200 words
      • 54 15 Bloomberg [SEOUL] Hyundai Heavy Industries Co, the world's largest shipbuilder, said the value of its orders last month declined 7 5 per cent. Orders fell to US$3B3 million in November, compared with US$l.6 billion a year earlier, Ulsan, South Korea-based Hyundai Heavy said in a
        Bloomberg  -  54 words
  • Page 15 Advertisements
    • 24 15 :.Jrg> AWj BwBWBBBi LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company's financial performance through CATS Notices in The Straits Times.
      24 words
    • 65 15 TUVALU SHIP REGISTRY j I 1. Low taxes 4. Active role and representation in IMO 2. Agreements with lACS members 5. Worldwide network of surveyors SE3HSST" N° ""Motion on nationality of ownarahlp 3 cOTMntSona'andV'MuStlons*' oomanXwiaaunandad, and la a country conventions and regulations Jn M 0 "White List" i 10 Anson
      65 words
    • 41 15 vjni 'iv <" PORT AUTONOME DU HAVRE PORT OF LE HAVRE AUTHORITY CW SINGAPORE Pte Ltd 108, Middle Road #06-02 Bright Chambers SINGAPORE 1 ***** Tel 65 6339 6055 Fax 65 6338 9489 or 51 E-mail dgrataloup@cw.com.sg/kelly@cw.com.sg Representatives Didier GRATALOUP Kelly LOKE
      41 words

  • EDITORIAL & OPINION
    • 496 16 EDITORIAL MALAYSIA has finally signed what is essentially its first Free Trade Agreement after having dragged its feet for the last few years. Earlier this month, Malaysia and Japan agreed to remove or cut tariffs on practically all goods flowing between them within 10 years under
      496 words
    • 987 16  -  Over-investment is the weakness of China's economy; India's flaw is too little investment ANDY MUKHERJEE Bloomberg IN the holiday-season euphoria, analysts appear to have become excessively upbeat about Asia's economic prospects for 2006. According to Credit Suisse First Boston's latest forecast, the
      Bloomberg  -  987 words
    • 788 16  -  THE BOTTOM LINE FRANK CHING THE Chinese economy, which has been growing at about 9 per cent a year, took a big leap forward last week when the government announced that, as a result of a year-long national economic survey, it had revised
      788 words
    • 1034 17  -  The authorities are competing to land big fines that approach a billion euros for offenders By JAMES KANTER NYT IT was the kind of smoking gun that antitrust investigators dream of: a note, handwritten by the president of France Telecom, the largest French cell
      NYT; AP  -  1,034 words
    • 691 17  -  The crux of the NKF debacle was a problem in values, not oversight JOHN GEE WHEN the behaviour of senior office holders at NKF first came to light, many Singapore charities were fearful of the consequences. It was not that they thought they
      691 words
    • 666 17  -  LETTER TO THE EDITOR David Llewelyn Singapore I READ with interest your story in yesterday's BT ('Building a database of traditional knowledge', BT, Dec 27) about the Traditional Knowledge Data Library being created in India, and which will be made
      666 words


  • 10198 18 SGX MAINBOARD 52-M Tal Last Vol Day Lift Quota CrOtv Mr GrVW Not MCap Htgfc low Codo Company Solo W- fOOO) Wflti Low 8iiyor SoMr Cw Wl low 7.5 2 5716 1st Software 5c 2.5 unch 193 2.5 2 2 3 10.1 22 6 3148 8TelecomUS2c 7.5 6.5
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  • 6008 19 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la tool cot laSS laUSS dy %yr dy %yr %dy %yr Pac26 lnda» Changa Chang* Chang* Changa Changa Changa World Index Preliminary 976.9 0.1 14.6 ai 11.0 0.1 U < EAft Prefcninanr 971.9 0.1 253 0.1 13.9 0.1 11 j8 Europe Preliminary 1286.2
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  • MOTORING
    • 696 25  -  Motor Image's flagship Subaru centre has a host of unique features By SAMUEL EE A RARE and retro model, as well as a rally car, will take centre stage at the new $25 million Subaru Hub. Motor Image Enterprises' flagship Subaru centre in Toa
      YEN MENG JIIN  -  696 words
    • 611 25  -  By SAMUEL EE YOU may have noticed the names "Intel" and "SAP" emblazoned on Formula One cars but what about "Satnam-IT"? Hopefully, the name of this homegrown company will be on a race car again in 2006, with Singapore driver Denis Lian
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  • executive Money
    • 1104 26  -  Here's some advice for those who resolve to manage their money wisely in the new year RACHAEL TAY IT'S that time of the year again when we reflect on the year that has flown by and think about how we can do better next year. To add
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    • 1441 26  -  By TOM PETRUNO LATWP IT'S a tough call separating the financial market highlights of 2005 from the "lowlights". They often were one and the same. Where to start? Maybe Jim Cramer throwing a chair across the CNBC studio? The sound of
      LATWP; AFP  -  1,441 words
    • 767 27  -  KATHERINE BURTON looks at the investment strategies hedge fund investors will be adopting next year KATHERINE BURTON Bloomberg HEDGE fund investors, frustrated by the lowest returns in three years, say they are giving more money to managers who bet on stocks and macroeconomic trends because
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    • 4965 27 UNIT TRUSTS FUNDS Citigroup Asset Mgt Crti Global Bond/ A 1.447/ Citi Asia Infrastructure 0.7726/0.8035 AM a™/toot Mgt (Spore) nKn Cm Japan SyrEuropeEjyT* °f* CttiBond S'pore A/S 1.277/ Star Europe tod 20V CmBond Spore B/t 132* Star Europe Bal™. -5V Cltl Money SGD Class A 1.0336/ Star Asian Tiger Eqty
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  • Page 27 Advertisements
    • 36 27 Z;. DIT Europazins Best Bond Europe Fund over 1 yr, 3yrs and 5yrs category" AlliatlZ (jfi) I rated AA by Standard Poor's. Global investors company regn no *****7169/ %k Source: The Fdge-LiDDer Singapore Funds Awards 2004
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  • SPIRIT OF ADVENTURE
    • 1209 28  -  Dennis Foo, a pioneer in Singapore's entertainment scene, talks to GEOFFREY EU about taking risks in the business GEOFFREY EU IT'S not far from Changi Village to Orchard Road these days, but 25 years ago, the two places were a lot farther apart. To use a popular
      ARTHUR LEE  -  1,209 words
  • Page 28 Advertisements
    • 352 28 Land Rover Legendary Facts The new Land Rover's computerised systems work as well on the road as off Dynamic Stability Control and Electronic Traction Control ensure you never lose traction, power or your composure, even at highway speeds. hit IV,M, 1,1 U I .-Sff-'iSS. J 1* .lib "I I. 'I.
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    • 21 28 GO BEYOND This weekly series profiling high-flying executives who find adventure outside of work is brought to you by Land Rover
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