The Business Times, 29 December 2005
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2005-12-29
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The Business Times
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Title Section16 2005-12-29 1 THE BUSINESS TIMES Thursday December 29,2005 SINGAPORE 85 cents online at http://business-times.asial .com.sg MICA (P) 089/03/200516 words
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Article, Illustration1302 2005-12-29 1 NANDE KHIN - Conditions looking good as occupancy stays high and as Singapore prepares for a string of international conferences By NANDE KHIN [SINGAPORE] The days of Singapore's bargain hotel rooms may be numbered, as hoteliers gain the courage to push rates up1,302 words
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Article139 2005-12-29 1 STI 2,337.89 (+2.95) ST INDEX FUTURES 2,336.00 (+2.00) siMsa 277.07 (+0.05) SIMSa FUTURES 277.20 (-0.60) MARKETS Wednesday Change KLSE COMP 895.55 +1.04 NIKKEI 225 16,194.61 +225,21 HANG SENG 15.101.54 -82.04 SET INDEX 705.29 -1.18 JAKARTA COMP 1,164.14 +2.44 MANILA COMP 2,067.32 -21.28 SEOULCOMP 1,368.16 -5.39 SHENZHEN B 192,40139 words
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216 2005-12-29 1 Four additional branches allowed from next year [KUALA LUMPUR] Foreign banks such as Singapore's OCBC Bank and United Overseas Bank would be allowed to open more branches here as part of efforts to relax restrictions and further liberalise the industry, according216 words
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Page 1 Advertisements
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Advertisement40 2005-12-29 1 COMMENTARY Time for laws in S*pore to protect whistle-blowers PG3 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 6388-3838.40 words
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Advertisement13 2005-12-29 1 ■Pop®" tisifli Business is v J to Phuket 96 16 8 ll llllilll13 words
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Advertisement8 2005-12-29 1 /a n»e human factor 1 F ..vr■:.' .i\8 words
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TOP STORIES
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Article, Illustration716 2005-12-29 2 KALPANA RASHIWALA - Tangs, Zara among about 100 tenants who have signed up at 1.1m sq ft complex By KALPANA RASHIWALA [SINGAPORE] Singapore's biggest mall yet, the 1.1 million sq ft Vivo City, is already 65 per cent let, with 10 more months to itsFILE PHOTO - 716 words
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Article714 2005-12-29 2 S'pore assets bought by M'sian firms top $1 b in 2005 MALAYSIAN companies acquired more than a billion dollars worth of Singapore assets this year, after the end of capital controls on money leaving the country. The investment was the largest since the Asian financial crisis of 1997-98,714 words
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481 2005-12-29 2 S JAYASANKARAN - Lack of investment avenues must be addressed: analysts By S JAYASANKARAN in Kuala Lumpur MALAYSIA'S persistent capital outflow problem appears to be tapering off as evidenced by the slower decline in foreign reserves held by the country's central bank. During the first two weeks481 words
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657 2005-12-29 3 PAULINE NG - It is biggest chunk of investments since the Asian financial crisis By PAULINE NG in Kuala Lumpur MALAYSIAN companies acquired more than a billion dollars worth of Singaporean assets this year, after the end of capital controls on money leaving657 words
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Article, Illustration700 2005-12-29 3 MICHELLE QUAH - COMMENTARY MICHELLE QUAH Correspondent m """W *****1 IS the season for New I Year celebrations and I resolutions. And in I this spirit of change, I perhaps it's time for Singapore to consider a monumental one: having laws to protect whis-tle-blowers, so700 words
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Page 2 Advertisements
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Advertisement193 2005-12-29 3 It \ft 1 W '•< i y SP~ > > V :< (it V/AC', r •?>.. >'*. •'i V V. 'Cfr V t v" ,;V. Ms*'. gURk L JKk Ji mr. Free Business Class Companion ticket with Platinum Master Card. Buy any Business Class ticket on Silk Air with your193 words
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COMPANY NEWS
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Article776 2005-12-29 4 LESLIE YEE - HOCK LOCK SIEW By LESLIE YEE IN 2001, United Overseas Bank (UOB), controlled by Wee Cho Yaw, acquired Overseas Union Bank (OUB), controlled by the late Lien Ying Chow. As part of that merger, control of OUB's property and hotel arm Overseas Union Enterprise (OUE) passed776 words
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Article, Illustration240 2005-12-29 4 LEE KIM SIANG - By LEE KIM SIANG SINGAPORE developer Wing Tai Holdings has turned its Malaysian property arm DNP Holdings Bhd, which is developing a high-end condo in the Malaysian capital, into a subsidiary. Wing Tai's whollyowned subsidiary Wing Tai Investment Development acquired 3.1 million sharesFILE PHOTO - 240 words
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Article42 2005-12-29 4 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; Broadly Diversified; Narowly Focused; S Lower Risk; Low to Medium Risk: Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A. Non Dealing Day42 words
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Article, Illustration431 2005-12-29 5 UMA SHANKARI - TROUBLED DEALS Company failed to meet deadline to provide requested H1 accounts By UMA SHANKARI A DELAY by China Cast Communication Holdings (CCH) in providing financial statements to US-based Great Wall Acquisition Corporation (GWAC) is threatening to derail the latter's plans to431 words
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341 2005-12-29 5 OH BOON PING - By OH BOON PING SP CORPORATION, which earlier clinched three Indonesian coal deals worth $275.6 million, said yesterday the contracts are now being renegotiated. The company, which is a subsidiary of Tuan Sing Holdings, attributed this primarily to the drastic rise in fuel341 words
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294 2005-12-29 5 UMA SHANKARI - By UMA SHANKARI SPECIALIST engineering company Multi-Con Systems yesterday warned that it is likely to report a loss for the year ending Dec 31 due in part to its decision' not to proceed with a Circle Line MRT project. This is the second profit warning294 words
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291 2005-12-29 5 AURIC Pacific, part of the Lippo Group, said yesterday it has bought Bukit Timah Mansions through a $15.4 million en bloc sale. Auric did not give the site area but sources say it is about 20,000 sq ft. Factoring in an estimated development charge291 words
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Article, Illustration562 2005-12-29 7 PAULINE NG - Poor results come despite group's restructuring exercise By PAULINE NG in Kuala Lumpur DESPITE a restructuring exercise, Beijaya Corporation continued to post its second quarter of losses and has warned of "significant one-off charges" in the third quarter of itsFILE PHOTO - 562 words
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Article, Illustration273 2005-12-29 7 CONRAD TAN - By CONRAD TAN HESHE Holdings' chief executive Eddie Chng has pumped another $1 million of his own money into the company. Mr Chng made the cash injection through the exercise yesterday of an option to buy a further 18 million new shares in273 words
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219 2005-12-29 7 Bernama [KUALA LUMPUR] Financial solutions specialist eßworx Bhd has won a contract worth $2.7 million to implement its Digital Credit Management System's Secured Loan Module for Oversea-Chinese Banking Corporation Ltd (OCBC). The contract covers the software licence and professional service fee, eßworx saidBernama - 219 words
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313 2005-12-29 7 FEDERAL International (2000) is raising a net $13.44 million from a share placement. The mainboard-listed company, which distributes and provides turnkey engineering, procurement and construction solutions for the energy and infrastructure industries, is placing 42 million new shares, or 19.97 per cent313 words
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COMPANY BRIEFS
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61 2005-12-29 7 KARIN Technology through wholly owned Compucon Computers Ltd (CCL) has secured the distribution rights for Apple's Xserve RAID, Xserve G5, ißook, cinema display and Mac mini products in Hong Kong. CCL has also been appointed as the authorised distributor of Advanced Digital Information61 words
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70 2005-12-29 7 SHANGHAI Turbo Enterprises Ltd registered its prospectus with the Monetary Authority of Singapore for an initial public offering (IPO) of 70 million shares at 28 cents per share, in conjunction with its listing on the mainboard. Shanghai Turbo is a precision engineering group that70 words
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51 2005-12-29 7 SAMUDERA Shipping Line has proposed a bonus issue of up to 89.86 million new shares on the basis of one bonus share for every five held. The proposed bonus issue will be effected by capitalising up to $8.99 million from the share premium51 words
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80 2005-12-29 7 EZRA Holdings announced that wholly owned subsidiary HCM Logistics Limited has concluded a sale and purchase agreement to acquire a 30 per cent stake in Uni-Bulk Holdings Pte Ltd from Eastern Bulk Limited for $14.4 million. Uni-Bulk is a marine support company specialising80 words
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Page 4 Advertisements
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Advertisement41 2005-12-29 4 Allianz Global Investors one of world's top five asset management groups" Allianz (jfi) f Wlt h more than US$1.45 trillion" of assets under management. Global investors Source. Watson VVyatt. As at 51 Decembei 2004 As at 50 lunr 200'> no i999o/i69Z41 words
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Advertisement350 2005-12-29 5 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg MATS NOTICES International Enterprise Forum (IE Forum) is Asia's premier event on internationalisation that brings together today's most respected thought leaders and entrepreneurs to shed light on the strategy350 words
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SINGAPORE MARKETS
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Article, Illustration537 2005-12-29 6 VEN SREENIVASAN - STOCKS Market sleepwalks through another session with two-thirds of all counters untraded or unchanged VEN SREENIVASAN Senior Correspondent AFTER an overnight session on Wall Street where US stocks posted their biggest single session points loss in two months, few expected the Singapore market toSource: Bloomberg - 537 words
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507 2005-12-29 6 TRADES TO WATCH "I"™" 'S"*" "POPIAH KING" Sam Goi has subscribed for his full entitlement of rights shares in Serial System. A filing yesterday shows he has additional 9.34 million shares in Serial System 7.04 million direct and 2.3 million507 words
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Article, Illustration445 2005-12-29 6 OTHER SINGAPORE INDICES Dec 28 VALUE CLOSE BT OB/OS 120.00 +44.00 BT CADI -*****.00 +11.00 BT 10-day MA -*****.00 +12.00 All-SG Equities 597.41 +0.04 SG Equities Elect 125.77 -0.03 SG Equities Fin 1716.81 +1.62 SG Equities Prop 714.48 +1.65 SIMSCI 277.07 +0.05 SIMSCI Futures 277.20 -0.60 MOST ACTIVE STOCKS VOLUME445 words
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Article, Illustration979 2005-12-29 6 MATTHEW PHAN - Compiled by MATTHEW PHAN Singapore Telecom Dm 28 dose: $2.63 KIM ENG RESEARCH, Dec 28 RECENTLY SingTel'has once again been named as an interested party in several M&A targets, particularly in Australia. A strong balance sheet and healthy free cash flow from operations placed it in the leagueSource: Bloomberg - 979 words
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Article, Illustration373 2005-12-29 6 CURRENCIES AFP [TOKYO] The US dollar eased against other major currencies in quiet Asian trade yesterday on position-squaring as players again shrugged their shoulders at the latest Japanese economic data, dealers said. Although some overseas market participants were returning to their desks after Christmas, tradingAFP; REUTERS - 373 words
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Page 7 Advertisements
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Advertisement108 2005-12-29 7 Diners Club Card A World of Exclusive Privileges Treats Diners -—J0 International 9 T!——HT*''" W i W Featuring over 20 varieties of fw mushrooms, fresh seafood and f|i meat served in a signature hot V f pot and other exciting tjjj^, modern Chinese dishes. JJJf Sumptuous set menus j k,108 words
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Advertisement218 2005-12-29 7 WE'RE CAPPING OUR MAKEOVER WITH I THE PARTY OF THE YEAR Check out what we've planned for th« festivities all the way to New Year's Day. PLAZA BRASSERIE SI CHUAN DOU HUA RESTAURANT Pre New Year Celebrations Naw Year's Eva ft New Year's Day 26-29 Dec 60 Dishes Deluxe Feast218 words
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Advertisement29 2005-12-29 7 S\ The Buffet 'lit PI I I f— mym. M Hotel Singapore K M H H h I 81 Anson Road, Tel: 6421 6226 15% off total bill. TACA29 words
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Advertisement33 2005-12-29 7 I j gar I I For man information or to apply for f'+ Dinm Cluh w "W irww.wini i.tmn.gy -mmf /WNA/WWVA A/^A/kAA/A^ It'NCA itfTTT.. tSSctm Nitwiv sln«<wn M (*****11 tac 6345 21M ■IB^Sbbb&^dS33 words
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SINGAPORE NEWS
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Article, Illustration335 2005-12-29 8 UMA SHANKARI - Award given to global talent who contributed to Singapore's growth By UMA SHANKARI TWO foreigners who were instrumental in helping Singapore make its mark on the international stage will be given Honorary Citizen Awards early next year, the government announced yesterday. Tsutomu Kanai, chairmanFILE PHOTOS - 335 words
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Article266 2005-12-29 8 ROLAND LIM - By ROLAND LIM THE Singapore infocomm Technology Federation (SiTF) yesterday announced that IT industry veteran Colin Chow has been appointed its new executive director from next year. Mr Chow takes over from incumbent Teo Thiam Chye, who will leave at the end of the month266 words
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Article541 2005-12-29 9 ARTHUR SIM - This may mean prices of HDB flats have fallen, say analysts By ARTHUR SIM THE launch of 531 Walk-in Selection (WIS) Housing and Development Board flats at Bukit Batok, Bukit Panjang and Choa Chu Kang will close on Dec 31 and the HDB says 276541 words
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Article, Illustration234 2005-12-29 9 ARTHUR SIM - By ARTHUR SIM AFTER a relatively quiet year, Hoi Hup JV Development, which had four residential developments last year, is now launching its second residential project for 2005, called The Foliage. Located off Pasir Panjang Road, the 88-unit freehold condominium is being priced at234 words
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Article256 2005-12-29 9 UMA SHANKARI - By UMA SHANKARI SINGAPORE'S visitor arrival figures, which have been on an upward momentum this year, continued to show a year-on-year increase as 2005 draws to a close. Last month saw a 4.4 per cent jump in visitor arrivals over November 2004, according to256 words
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Article, Illustration115 2005-12-29 9 TIME passes swiftly and change is constant... but hope springs eternal. A woman who penned her wishes on one 0f2500 spheres floating in Marina Bay off the Esplanade—perhaps summed up what many hope for: to slim down, find the right partner and strike it rich. The spheresARTHUR LEE - 115 words
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219 2005-12-29 9 THE Ministry of Foreign Affairs (MFA) yesterday made three new diplomatic appointments to Australia, Israel, and Kuwait and Qatar. Eddie Teo will be Singapore's next High Commissioner to Australia and takes up his post in Canberra on Feb 1. Lt-Gen (Ret) Winston Choo, who is219 words
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232 2005-12-29 9 THE Arts House will be participating for the first time overseas at the prestigious annual City Festival 2006 in Hong Kong come January. It is a programme partner in "Spotlight Singapore", a presentation of 12 programmes of theatre, film, music, books, visual232 words
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Page 8 Advertisements
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Advertisement1839 2005-12-29 8 I S2Sj_ Boustead Singapore Limited I UfksfSlM! (Incorporated in (he Republic of Singapore) I mncm 1938 (Company Registration Number: *****1036K) H I NOTICE OF EXTRAORDINARY GENERAL MEETING I I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Boustead Singapore Limited (the "Company") I wl)t be held on 181,839 words
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Advertisement1194 2005-12-29 8 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (1) E-LAB PTE LTD (Co. Rag. No. *****1279N) (2) EMINENT BOND ENGINEERING PTE LTD (Co. Rag. No. *****3764H) (IN CREDITORS' VOLUNTARY UQUIDATIONS) Extract of the minutes of the Extraordinary Genera! Meeting of members of (11 E-Loo1,194 words
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Advertisement275 2005-12-29 8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 CATHAY ENTERTAINMENT SERVICES PTE LTD. Co. Reg. No. *****J712Z MEMBERS' VOLUNTARY LIQUIDATION Al an Extraordinary General Meeting of the Company held on the 22nd day of December 2005, the following special resolution was duly passed: "That the Company be wound up275 words
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Page 9 Advertisements
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Advertisement220 2005-12-29 9 y pr UMBP H ■■PV MHKiW r .jp'^WP K v f a BMI S HOTEL PHOENIX CskruSLMjUf FESTIVE BUFFET LUNCH CHRISTMAS EVE NEW YEAR'S EVE D*iiy i2noonto2Jopm BUFFET DINNER BUFFET DINNER Excluding Public Holidays 24 Dec, 6.30pm to 10pm 31 Dec, 6.30pm to 10pm $26.80+++ Adult $18.80+++ Child $49.80+++ Adult220 words
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FOCUS: INDUSTRIES
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Article, Illustration972 2005-12-29 10 OH BOON PING - Personal bias and interests of executives are pitfalls a CEO must be alert to while making major decisions, says OH BOON PING OH BOON PING THE chief executive officer of a large company was trying to decide whether to undertake a merger that might changeREUTERS - 972 words
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Advertisement37 2005-12-29 10 I I I Get a leading Edge t Your sailing schedules get wider attention inThe Business Times shipping pages M Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2062 M u to BU»€SS TMES SHIPPING TIMES37 words
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BizIT
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Article, Illustration909 2005-12-29 11 LEE KIM SIANG - IT SECURITY According to top IT security vendors, workers should adapt to changing security landscape in this age of increased hacker threats and renew and upgrade their IT skills, says LEE KIM SIANG LEE KIM SIANG DESPITE the advances in security909 words
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434 2005-12-29 11 Bloomberg v m rrOKYO] Hitachi Ltd and Toshiba Corp plan to build Japan's first factory to supply made-to-order computer chips to compete against rivals such as Taiwan Semiconductor Manufacturing Co, according to executives and a government official familiar with the plan. The costBloomberg - 434 words
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Article, Illustration670 2005-12-29 11 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY PRINTRONIX, a niche company that makes specialised printers for RFID (radio frequency identification) tags, will make what are the world's first second-generation RFID printers in Singapore. Speaking to BizlT, Wong Ngaim Foong, Printronix's Singapore director670 words
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327 2005-12-29 11 Reuters [LOS ANGELES] Pioneer Electronics Inc on Tuesday unveiled a high-definition Blu-ray DVD disc drive for personal computers in the latest twist in a multibillion dollar battle over next-gen-eration DVD standards. Pioneer is part of the Blu-ray consortium, led by Sony Corp,Reuters - 327 words
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211 2005-12-29 11 Bloomberg [SEOUL] Vodafone Group Pic, the world's largest mobile phone operator, will partner with Samsung Electronics Co and Qualcomm Inc to provide faster cellular phone services in Europe next year. Vodafone will buy handsets from Samsung, Asia's largest mobile phone maker, Suwon, South Korea-based Samsung saidBloomberg - 211 words
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ECONOMY WATCH
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668 2005-12-29 12 Stock market selloff sends prices sharply lower across a broad front NYT [ATLANTA] Investors got a post-holiday shock on Tuesday when the Treasury yield curve inverted a phenomenon that historically has been a precursor of economic weakness and even recession. ButNYT - 668 words
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Article, Illustration541 2005-12-29 12 POST-HOLIDAY SEASON Reuters [CHICAGO] US retailers rolled out the post-Christ-mas clearance sales and bet on throngs of shoppers bearing gift cards to provide a sales rush as they wrapped up a decent but unspectacular holiday selling season. Televisions and MP3 players trumpedReuters; PHOTOS: AP - 541 words
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579 2005-12-29 12 Moves are to ward off financial risk, make yuan fully convertible Reuters Bloomberg [BEIJING] China will tighten up controls on contingent foreign debt, mainly guarantees extended by the government, to help ward off financial risk, a senior foreign exchange official said inReuters; Bloomberg - 579 words
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MALAYSIA/INDONESIA
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485 2005-12-29 13 Stock climbs 15 sen, or 2.4%, to RM6.30, after Tuesday's trading halt Bloomberg Bernama [KUALA LUMPUR] Shares of Proton Holdings Bhd, Malaysia's largest carmaker, rose after the company agreed to sell its stake in Italian motorcycle unit MV Agusta SpA, part ofBloomberg; Bernama - 485 words
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Article, Illustration336 2005-12-29 13 [JAKARTA] Indonesia's government may allow investors to short sell stocks starting next year, part of a plan to boost liquidity, Jakarta Stock Exchange president director Erry Firmansyah said. The stock exchange has asked Indonesia's Capital Market Supervisory Agency to change a rule that stipulatesAFP - 336 words
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386 2005-12-29 13 They're betting on local rubber wood and quality work [KUALA LUMPUR] Malaysian furniture manufacturers are counting on cheap and abundant supplies of rubber wood to counter low-priced China-made furniture exports into the Country, according to Malaysia's Business Times. They are also stepping up on386 words
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296 2005-12-29 13 [KUALA LUMPUR] Downstream processing of palm oil in Sabah is moving in the right direction if recent developments are anything to go by, reported Malaysia's Business Times. POIC Sabah Sdn Bhd, which is wholly-owned by the Sabah government, recently signed a joint-ven-ture agreement296 words
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254 2005-12-29 13 [KUALA LUMPUR] The decision by Bursa Malaysia to allow a longer timeframe for payment of share purchases will eventually lead to a higher volume of shares traded when market sentiment improves, Malaysia's Starßiz quoted analysts as saying. The tabloid said analysts254 words
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GREATER CHINA
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Article, Illustration458 2005-12-29 14 Govt-imposed caps on such domestic oil products as petrol led to losses Reuters [HONG KONG] Asia's largest refiner, Sinopec, said yesterday the Chinese government would pay the group more than 9.4 billion yuan (Ssl.9 billion) to compensate for losses causedReuters; BLOOMBERG - 458 words
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609 2005-12-29 14 Bloomberg [TAIPEI] United Microelectronics Corp (UMC), the world's second-largest supplier of made-to-order chips, threatened to delist from Taiwan's stock exchange and move to "other, better markets" to protest a fine for late disclosure. The stock fell. Moving to another exchange "is worthBloomberg - 609 words
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356 2005-12-29 14 Reuters [SINGAPORE] Oil giant PetroChina has won Beijing's approval to build a US$2.5 billion petrochemical complex in the landlocked southwest, and is considering a refinery nearby, a company source said yesterday. The 800,000 tonne-per-year (tpy) ethylene plant, to be completed by 2010,Reuters - 356 words
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371 2005-12-29 14 AP [SHANGHAII China's stock exchanges will take responsibility for approving companies for share listings under new rules due for approval soon, state media reports said yesterday, part of an effort to shore up ravaged investor confidence. Revised regulations un- der consideration by theAP - 371 words
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Article236 2005-12-29 14 Reuters [BEIJING] A Chinese state-owned energy firm plans to invest at least 20 billion yuan (Ss4.l billion) over the next five years in biomass, garbage treatment and other alternative energy projects, China Daily reported yesterday. China Energy Conservation Investment Corp made the plans toReuters - 236 words
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Article, Illustration579 2005-12-29 14 NYT [TEXAS] The Bush administration announced new sanctions on Tuesday against state-owned Chinese companies that it accused of aiding Iran's missile and chemical programmes, insisting that Beijing cut off the trade at a time when US President George W BushNYT; AFP - 579 words
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INDIA
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625 2005-12-29 15 It will target its Tanishq range of jewellery at people of Indian origin Bloomberg [NEW DELHI] Titan Industries Ltd, India's largest watch and jewellery retailer, plans to begin selling its Tanishq range of branded products in the United States next year, taking onBloomberg - 625 words
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Article, Illustration453 2005-12-29 15 Reuters [MUMBAI] Banking shares could outperform India's main index in 2006, a year which could be volatile for equities as overall corporate earnings growth slows, a fund manager said late on Monday. "One sector which has been a laggard has been banks State-run banksReuters; BLOOMBERG - 453 words
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342 2005-12-29 15 Reuters [SHANGHAI] Mittal Steel, the world's top steel maker, is in talks to buy 49 per cent of China's Baotou Iron Steel (Group) Co Ltd, in the latest in a flurry of deals by multinationals to tap China's vast steel market, two sourcesReuters - 342 words
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Article, Illustration250 2005-12-29 15 Bloomberg [NEW DELHI] Shares of Reliance Industries will be traded in an exclusive onehour session on Jan 18 to allow the stock to find its price after a split in the businesses of India's largest non-state company. Trading will begin at Bam, precedingBloomberg; BLOOMBERG - 250 words
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561 2005-12-29 15 The number of deals may more than double in '06 Economic Times [NEW DELHI] India's domestic third-party business process outsourcing (BPO) outfits have been on a buying spree this year picking up at least 10 companies around the world, up from lessEconomic Times - 561 words
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BRIEFLY ASIA
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93 2005-12-29 15 Bloomberg [SHANGHAI] Royal Philips Electronics NV, Europe's largest maker of consumer electronics, is buying more of TCL Corp, the biggest publicly traded company in China to have the same specialty. Philips Electronics China BV, a unit of the Amsterdam-based company, will pay 204.5Bloomberg - 93 words
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79 2005-12-29 15 Bloomberg [NEW DELHI] State Bank of India (SBI), the nation's largest lender, will be able to meet redemptions stemming from the maturity today of US$5.5 billion in deposits by overseas Indians, Finance Minister P Chidambaram said yesterday. "There's enough liquidity," he said. SBI willBloomberg - 79 words
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95 2005-12-29 15 Bernama [KUALA LUMPUR] In a step that marks a turning point in the regulation of institutions that offer Islamic financial services, the Council of the Islamic Financial Services Board (IFSB) agreed to adopt two prudential standards the Guiding Principles of Risk Management Standard forBernama - 95 words
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Page 15 Advertisements
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Advertisement33 2005-12-29 15 Lianhe Zaobao I I I RichJlrt I I Enterprise I I .mi festive I I decorations! I mzrimm i I I I I I r I I I I I IB ■h __b33 words
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ASIA-PACIFIC/WORLD
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Article, Illustration572 2005-12-29 16 Phuket and Krabi see business return to 70-80% of previous levels Bloomberg [BANGKOK] Along Phuket's Patong Beach, memorial signs for tsunami victims have been replaced by banners, advertising fireworks and seafood festivals. And beach remembrance ceremonies have given way to a volleyball tournament, as Thailand embarksBloomberg; AP - 572 words
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226 2005-12-29 16 AFP Bloomberg [BANGKOK] Krirkkiat Jalichandra, former president of the defunct Bangkok Bank of Commerce, was sentenced yesterday to another 20 years in prison and fined US$472 million, more than nine years after the Thai bank collapsed. He was convicted on fraud charges relatedAFP; Bloomberg - 226 words
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300 2005-12-29 16 LATEST US DATA Bloomberg [NEW YORK] US consumer confidence rose in December to the highest in four months, helped by falling gasoline prices and an improving labour market. The Conference Board's consumer confidence index rose to 103.6 from 98.3 last month, the New YorkbasedBloomberg - 300 words
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Article, Illustration408 2005-12-29 16 It sees this as a 'test case' in South-east Asia LAT-WP [WASHINGTON] The Bush administration has mounted a diplomatic offensive against the military government of Myanmar, suggesting to nations in the region that it is a "test case" for whether they hold theLAT-WP; AP FILE PHOTO - 408 words
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Article164 2005-12-29 16 Reuters [MOSCOW] Russian state oil major Rosneft plans to raise up to US$2O billion when it places up to 30 per cent of its shares on Russian bourses and in London next year. According to documents obtained by Reuters yesterday, the company wants to secureReuters - 164 words
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Article, Illustration792 2005-12-29 16 ANTHONY ROWLEY - ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent BEHIND the headline news about Asia's ongoing economic boom, one factor has gone largely unnoticed and yet it is one that promises to provide many countries, not least Japan, with a substantial further boost to growth in 2006792 words
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WORLD
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413 2005-12-29 17 It will focus on growing its casino business, Hard Rock brand name Bloomberg [PARIS] Rank Group Pic, a UK distributor of movies for half a century, agreed to sell Deluxe Media DVD for US$75O million to 111 Holdings Corp to focusBloomberg - 413 words
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393 2005-12-29 17 Bloomberg [NEW YORK] Floor brokers at the New York Stock Exchange (NYSE) will have to pay US$5,OOO for use of the Big Board's handheld trading devices as the exchange cuts costs before becoming a public company. The eßroker system, which enables the deliveryBloomberg - 393 words
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Article, Illustration44 2005-12-29 17 [PARIS] This giant female figure, titled 'In Bedis one of the works of art by Australian-born sculptor Ron Mueck being displayed at an exhibition at the Cartier Foundation for Contemporary Art in Paris on Tuesday. The exhibition runs until Feb 19. AFPAFP - 44 words
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473 2005-12-29 17 It is probing price-fixing activity of songs sold online AP [NEW YORK] State investigators have subpoenaed several major music companies as part of a preliminary inquiry into whether the digital music services have engaged in any illegal price-fixing activity. Darren Dopp, a spokesman forAP - 473 words
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176 2005-12-29 17 Bloomberg [NEW YORK] US regulators threatened to close remaining accounts at a Refco Inc unit after the company disclosed that they hadn't all been liquidated as promised. The amount at stake is less than US$32 million, the total held by Refco Securities LLC,Bloomberg - 176 words
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387 2005-12-29 17 LAT-WP [WASHINGTON] The Food and Drug Administration (FDA) has barred Guidant Corp, a maker of medical devices, from exporting heart-rhythm stabilisers made in its Minnesota plant because the company could not assure the public that its products were being properly made. InLAT-WP - 387 words
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Article, Illustration463 2005-12-29 17 Firm's fiscal 2005 profit rose 9% to US$1.5 billion Bloomberg [NEW YORK] Bear Stearns Cos, the fifth-largest US securities firm, gave chief executive James Cayne stock units valued at about US$lO.3 million after posting a second straight year of record earnings. The firm,Bloomberg; BLOOMBERG FILE PHOTO - 463 words
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AVIATION
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522 2005-12-29 18 Move by local, German businesses follows Rabat-EU 'open skies' pact Reuters [CASABLANCA] Three Moroccan private business groups teamed up with German tourism firm TUI AG to create Morocco's first lowcost private airline, after the country initialled an "open skies" deal with the EuropeanReuters - 522 words
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Article, Illustration433 2005-12-29 18 Bloomberg [TOKYO] Skymark Airlines Co, a Japanese low-fare carrier which was forced to cancel unprofitable domestic routes, may start overseas flights from Tokyo after Haneda airport's planned expansion in 2009. "There are limited routes on which we can achieve low-cost services withinBloomberg; BLOOMBERG - 433 words
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Article308 2005-12-29 18 Bloomberg [WASHINGTON] Lockheed Martin Corp may receive a US$l.l5 billion United States military order for 26 C-130J transport aircraft over the next two years under a Defence Department budget proposal. The plan, included in a budget memo approved by Deputy Defence Secretary Gordon England, wouldBloomberg - 308 words
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LOG BOOK
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56 2005-12-29 18 AP [SYDNEY] The Australian government warned travellers yesterday that US authorities had ruled that security at the main airport in the Indonesian island of Bali is substandard. The Department of Foreign Affairs and Trade included the warning in its travel advice for Indonesia reissuedAP - 56 words
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62 2005-12-29 18 AFP 1 [JAKARTA] Indonesia's government plans to sell its national carrier Garuda to strategic investors to boost its competitiveness, a report said yesterday. Minister for State Enterprises Sugiharto, quoted by the Kompas newspaper, said Garuda was planning an IPO in 2009 "but we suggestAFP - 62 words
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Article, Illustration293 2005-12-29 18 Otherwise domestic airlines will be barred next winter AP [NEW DELHI] A top Indian official warned private domestic airlines they may not be allowed to fly in or out of New Delhi next winter if they don't train their pilots how to landAP; AFP - 293 words
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Article397 2005-12-29 18 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:397 words
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Page 18 Miscellaneous
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Miscellaneous224 2005-12-29 18 CRYPTIC CROSSWORD a standstill (6) could be 67Kg (12) 27 Irish Father, first from a set of DOWN 15 Easily annoyed but, technology two (4) 1 Aeroplane company owns spe- cally, no reasonable lecturer V cctbbi>av'« coi irnnM cial propeller (8) would be excluded (5) YESTERDAY 5 SOLUTION 2 Prominently224 words
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TRANSPORT/SHIPPING
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Article, Illustration1065 2005-12-29 19 Deal calls for raises of 3% in 1st year, 4% in 2nd year and 3.5% in 3rd year NYT [NEW YORK] The Metropolitan Transportation Authority (MTA) and the transit workers' union announced a settlement on Tuesday in which the authority abandoned its demand for concessionsNYT; AP - 1,065 words
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247 2005-12-29 19 Reuters [SINGAPORE] Sales of marine fuels in Singapore, the world's largest bunkering port, rose 3.8 per cent in November versus a year ago, government data showed yesterday. Bunker sales were at 2.085 million tonnes, down 7.4 per cent from October, butReuters - 247 words
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583 2005-12-29 19 Increase expected as Chinese steel mills up imports Bloomberg [OSLO] Freight rates for the biggest type of ships carrying iron ore and coal may rise in the first quarter as Chinese steel mills increase imports before a gain in ore prices, saidBloomberg - 583 words
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Article293 2005-12-29 19 S6X '000 Doc 28 S$ Vol CH Offshore 0.37 0.01 223 ChuanHup .0.39 unch 2343 Cosco Corporation 2.13 unch 1883 CWT Distribution 0.82 0.01 89 Ezra Hldgs 1.46 -0.01 290 FreightOnks 0.06 -0.01 1328 Grand Banks Yacht 0.88 unch 0 Java Holdings.... 1.22 -0.01 445 K1 Venture 0.33293 words
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Article, Illustration368 2005-12-29 19 [TOKYO] The death toll in a train derailment in northern Japan has risen to five as rescuers searched the snow-covered wreck yesterday following reports that more passengers could be trapped inside. Meanwhile, the president of East Japan Railway Co, operator of theAP - 368 words
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210 2005-12-29 19 Reuters [RIYADH] South Korea's Hyundai Mipo Dockyard Co Ltd is building four chemical tankers for Saudi Arabia's National Shipping Company (NSCSA), the Saudi firm said yesterday. NSCSA said in a statement on the bourse website it would take delivery of theReuters - 210 words
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EDITORIAL & OPINION
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Article504 2005-12-29 20 EDITORIAL MORE than 230,000 people died and about 1.7 million were left homeless when a tsunami surged through the Indian Ocean last December. Among the worst hit were Indonesia's Aceh province and the coastal areas of Sri Lanka. The disaster sparked off an outpouring of sympathy,504 words
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Article, Illustration904 2005-12-29 20 ANDREW E KRAMER - Ironically, the world's biggest polluters can profit by trading their rights to release gases By ANDREW E KRAMER NYT BY ITS own admission, Russia's electricity monopoly is the world's largest corporate producer of greenhouse gases, accounting by itself for nearly as much carbonNYT; AP - 904 words
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Article, Illustration752 2005-12-29 20 SHADA ISLAM - THE BOTTOM LINE SHADA ISLAM Brussels Correspondent THE World Trade Organization's much-trumpeted ministerial meeting in Hong Kong from Dec 13-18 may have resulted in very modest progress in efforts to tear down global trade barriers but it offered big insights into752 words
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Article, Illustration779 2005-12-29 21 BRAHMA CHELLANEY - India should not import expensive reactors when it can develop its own energy resources By BRAHMA CHELLANEY IHT A MUCH-TRUMPETED deal between the United States and India seeks to employ the lure of assistance with commercial nuclear power to bring many Indian nuclearIHT; REUTERS - 779 words
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Article, Illustration755 2005-12-29 21 CHET CURRIER - Investing comes down to just a matter of risk management CHET CURRIER Bloomberg YOU want reasons to worry about the economy and the financial markets in 2006? I'll give you half a dozen. Bubbles in real estate markets around the world some mayBloomberg - 755 words
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Article, Illustration874 2005-12-29 21 MATTHEW LYNN - MATTHEW LYNN AS he turned down the part of Rhett Butler in Gone With the Wind. Gary Cooper remarked: "I'm just glad it'll be Clark Gable who's falling on his face, and not Gary Cooper." I know how Cooper must have felt about874 words
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Article1993 2005-12-29 22 SGX XTRANET S2-Wk Tat Lat *1 Oay iMtQaote G»Otv Dtv GrTW Net MCap NMiU»C»* Oammmit Seto W- fOWl M* Lew »ir» SaBer Cw «t $jJ ********** 6065 Diamonds US*****td 6095 IS DJ US Tech US3740cd 6097 IS MSCI Spore US555ed 6101 IS S4P500 US8270cd ********** 6170 SPORS US*****1,993 words
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Page 22 Advertisements
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Advertisement24 2005-12-29 22 THE WATCH L^oSS^RJBH Wjj^ Wr 11 EspM Mtttania Walk Tel: 6339 1728 Paragon W: 6235 0064 Raffias CHy W: 6338 9185 (l NHMEri _J24 words
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Article3362 2005-12-29 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local turr In S$ inUSS %dy yr dy Syr dy *yr Dot 27 lnd»n Chano* Chang* Chang* Chang* Ch«no» Chang* World Index Preliminary 975.1 -0.2 14.4 -0.2 10.7 -0-3 8.4 »JAFE Preliminary 971.8 25,8 -01 13.7 -0.2 113 Europe Prelinray 1289.8 033,362 words
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Page 24 Advertisements
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Advertisement1408 2005-12-29 24 /J3V NYK GROUP SOUTH ASIA PTE LTD \l V vrvv AflA) f«>C WJT TEL:6295 0123 IV aILIINK wJSgdf A 9 Xm LINE Fax: 6292 2856(Regies sales)/6239 7109(OPS)/6299 5785 (Doa/nentation) V NIPPON YUSEN KAISHA TOKYO K>»AKU KASHA. UD. (C/R NO: **********0E) ■■■■■■■■■■■■■■■■■I I exit 1371 *****00Q Anion Houm SfamttfMW 1 *****11,408 words
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Advertisement451 2005-12-29 24 Ihtwuvha toto MKVK3 vßsa/vw MMwn hbcwtw kg kh u> mh *t STOUTS VBmKE 24/05 1$ 3.1 11/12 11/12 01/01 08/01 01/01 STOUTS VENTURE 01/Oi IS U 11/01 14/01 stouts vemtuie 02/0* is 3.2 23/01 w/oi 31/01 03/02 05/02 UuWMIMMMtOWKWa ~l vßsa/vor |»MrocD| wghtcqi lo sw m stp m mm ja451 words
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Advertisement1120 2005-12-29 25 www.hombufflsud.toni H ASU SHtVKI SUNG 1 (IXPOUT) MM SIKVKI SUMS 2 (EXPOtT) ETA HA VHMI/VW. MW6AWm PUMAN SOTWA SAMTOS ITAJAI fAIAMAGUA VKMI/YW SINGAMM OUENOS AWES HIOMAMIX SAHTOS SIWTWA Cos Sofas 503W 04/01 15/01 25/01 24/01 21/01 21/01 luxoown 502W 01/01 2lAl' 24/01 21/01 21/tll KYK FlorKtg 004W 11/01 22/01 01/021,120 words
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Advertisement1096 2005-12-29 25 VESSa *0Y _S«_ _JICT_ _HKG_ JCHH_ _IK_ _KYH_ _TUS_ VBSEL VOY_ Tn JKT SUB HKG USH PUS HYPROGRESS IMS 30/12 31/12 VI 1/1 10/1 12/1 12/1 KMTC PUSAW 515S 1/1 4/1 S/l 10/1 14/1 IS/1 HVIRIPGE IoSS VI 7/1 12/1 14/1 IVI 11/1 1«/T| KMTCSINGAPORE SIIS,| l/\ 11/1 12/1 17/11,096 words
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Advertisement578 2005-12-29 25 m WEEKLY EXPRESS SAIUNG SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICD POINTS I vissti voy |sm I rjtUNGleotowio Iw. shkva |(ou)m»o I I— I 1 I I I I ALSO ACC7TMC K1 TO COOW. lUDCOMI (VIA COLOMM) AND KAHPU A COA| (VIA N SHFVA) CONNECTING MOTOR VSU578 words
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THE BUSINESS TIMES SHIPPING TIMES
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Page 26 Advertisements
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Advertisement595 2005-12-29 26 vtsstt voy sw pcu vissa voy sw jkt PAC lANPA 1630H 25/12 26/12 PACMU 41W ZjfZjjZZ ?m gsar -at-=SiF «i= irils PACIWTAN 9332 07/01 59/Ol gf™ PA 021» S 30/12~ 4 11/61 ff-.ffL fills S4ri PACHMTAM <333 14/01 17/01 PAC BANDA 1433* 30/]2 30/12 MCIAU 4201 16/01 19/01 vissa VOY595 words
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Advertisement933 2005-12-29 26 WAN HAI WTERNATIONAL PTE LTD aniwsnNN/l V TH: *****581 (14UNB) FAX: *****163 VfIXWAN HAI LINES sssafia££ffiss-. IL— JOHIH: 07) 251W23 ML |07)2511f71 SMI IB: 031)329*475 MX: 1031) *****14/SltllOS I_. KIM: 021) S2S4IHHUL 021)*****11 Pl* W:71UII/7U»I MX: *****9 WWW.WWWUW.H »M:0ll)4IS7«3M»:0H)4l5Wa/4)Ct»t m sm ww urn m SO 85 ES SB ™L■mHwiil nn933 words
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Advertisement362 2005-12-29 26 BS A jl MYANMA HHM FIVE STAR UNE (Myooorar National Um) Loading for Tango* VISSEL VOY SIN PHI PIN PGU PAGAN J4IW SID PAGAN 349W SID IN MALAYSIA: lOUSTEAD SHIPPING AGINCIIS RUL/PKL 03-300 SOU PIN: 04-*****15 ACCEPTING CONVENTIONAL CGO Vtssa VOYHKGSMna KOI IN nu SDK TWU MMKMETHTST 3 M/ 12362 words
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PROPERTY
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Article, Illustration925 2005-12-29 28 2005 supply of office space close to lowest in five years Bloomberg [TOKYO] Yahoo Japan Corp and other companies with plans to expand in. Tokyo, the world's most expensive city after London, may have to budget more for rent next year asBloomberg; FILE PHOTO - 925 words
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221 2005-12-29 28 Bloomberg [HONG KONG] New World Ctiina Land Ltd, a unit of one of Hong Kong's largest builders, said it will develop a site in Guangzhou after buying a stake in the company which owns the land for 100 million yuanBloomberg - 221 words
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Article14 2005-12-29 28 PROPFRTY TRANSACTIONS RFTWFFN nFr 7(1 AND DFC 78 POOS Applies to landed property14 words
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Page 28 Advertisements
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Advertisement33 2005-12-29 28 BjjfiHHHBMHIiMiMHiHPiHI For Lease Office: 344 to 3725 sqft Shop: 400 to 6297 sqft Next to Shaw House/ Isetan Scotts Outside CBD Near Orchard MRT station Hong Fok Group Tel: 6390 2477/ 6292 818133 words
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