The Business Times, 30 December 2005

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Total Pages: 30
1 30 The Business Times
  • 14 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Friday, December3o,2oos
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  • 698 1  -  Rigby only asked for permission to breach trading limits after he had done so By MICHELLE QUAH [SINGAPORE] The Australian senior trader at China Aviation Oil (GAO) was paid more than the company's chief executive officer Chen Juilin and only asked
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  • 1028 1  -  Minister notes progress made by SIA since labour-management relations nosedived in 2003 By VEN SREENIVASAN [SINGAPORE] Marking the progress of two years of gruelling management-la-bour negotiations over Singapore Airlines, Minister Mentor Lee Kuan Yew spoke yesterday of how the competitive
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  • Page 1 Advertisements

  • TOP STORIES
    • 618 2 SIA may hive off subsidiaries SATS SIAEC next year SINGAPORE Airlines could sell listed subsidiaries Singapore Airport Terminal Services and SIA Engineering Company as early as next year. They could be hived off via open-market share sales or in-specie distribution of their stock to SIA shareholders—but analysts reckon
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    • 445 2  -  But new rules will not apply to existing funds By LESLIE YEE [SINGAPORE! The CPF Board is raising the bar for unit trusts and investmentlinked insurance products seeking inclusion in the CPF Investment Scheme (CPFIS). From Feb 1 next year, funds seeking admission
      445 words
    • 429 2  -  OBITUARY Noordin Sopiee, one of Malaysia's best minds, dies of cancer By S JAYASANKARAN in Kuala Lumpur FORMER newspaper editor Kadir Jasin vividly recalls the afternoon in Kuala Lumpur after then-premier Mahathir Mohamad delivered his seminal address on Malaysia's future "The
      FILE PHOTO  -  429 words
    • 897 3  -  Analysts say airline is likely to sell entire stakes to established players By VEN SREENIVASAN [SINGAPORE] Singapore Airlines could divest its listed subsidiaries Singapore Airport Terminal Services (SATS) and SIA Engineering Company (SIAEC) as early as next year. While they
      TERENCE TAN/ST  -  897 words
    • 543 3  -  By GEORGE JOSEPH [SINGAPORE] Former PSA International chairman Stephen Lee can be expected to bring his "special touch" to Singapore Airlines as the national carrier prepares for the changes needed to keep it competitive. Minister Mentor Lee Kuan Yew said yesterday that it
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    • 135 3 STI 2,345.38 (+7.49) ST INDEX FUTURES 2,351.00 (+15.00) SIMSCI 278.20 (+1.13) SIMSCJ FUTURES 278.20 (+1.00) MARKETS Thursday Change KLSE COMP 900.49 >4.94 NIKKEI 225 16,344.20 +149.59 HANG SENG 15,045.59 -55.95 SET INDEX 710.22 >4.93 JAKARTA COMP 1,162.64 -1.51 MANILA COMP 2,096,04 +28.72 SEOUL COMP 1.379.37 +11.21 SHENZHEN B
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  • Page 2 Advertisements
    • 250 2 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your accouriCfaj on to more information, e*iaii cjlbtocsQsph.coiiggor call--6388-3838. As/ a Distributor rnotorsysterns Welcome to the fastest way to dramatically improve your vehicle's performance! The MTEC FACTOR increases Power and Torque by up to 15%
      250 words
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  • Page 3 Advertisements
    • 37 3 RARE SPECIES* HAND-CRAFTED IN SWITZERLAND MUi SWORDFISH Wide eyed and breathless' Choice of left oi right start and stop buttons www (jrahan)-lon(lon.com GRAHAM LONDON /T DF SCO S. A Desco Singapore Pte Ltd Tel: 6222 0322 y
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  • COMPANY NEWS
    • 427 4  -  Group focuses on its strength mid-sized companies By SIOW LI SEN OCBC Bank seems to have carved a niche in syndicating loans to mid-sized companies, drawing on its strength in this segment of the market. It is also a profitable business, because pricing for
      427 words
    • 662 4  - United Fiber shares not for the fainthearted HOCK LOCK SIEW By SIOW LI SEN WITH its gyrating share price, mainboardlisted United Fiber System is often seen as a speculator's dream. So investors may be relieved to find that the company is back in the game to buy PT Kiani Kertas,
      662 words
    • 4359 4 UNIT TRUSTS FUNDS anr'«> CM Global Band/ A 1.44W AM Aavo Aaat Mgt (S*pora) CWAsialnfartticUe 0.772WJ035 Star Ei*ope Eqty!" 0.872/ li! t"iS CMond S'pore B/S >33/ 4* a* Money SGO Cb* A 1.0339/ n J5? E(W C# Money Sing DoBw Class B 1J»4/ H C«iParvEuropeEqi*tyFund 133/ abSdect Asia Tit Balanced
      4,359 words
    • 456 5  -  NEW M'SIAN BANKING LANDSCAPE This follows Bank Negara approval for foreign banks to open new branches By CONRAD TAN SINGAPORE'S United Overseas Bank and OCBC Bank are likely to expand their branch networks in Malaysia, following news that its central bank has given
      FILE PHOTO  -  456 words
    • 830 5 FOREIGN banks could potentially add 52 branches to Malaysia's more liberal banking landscape under a more relaxed guideline issued by the central bank earlier this week. But bankers said the actual plan will hinge on Bank Negara's guideline definitions, which will be crucial in
      830 words
    • 248 5  -  By OH BOON PING COMFORTDELGRO has deregistered four dormant subsidiaries, in line with the group's focus on its land transport business. In an announcement yesterday, the listed company said Comfort Courier Services, Comfort Group Investments, Comfort Myanmar and Perocom Motors had been deregistered, following applications
      248 words
    • 335 5  -  By LEE KIM SIANG THE Fraser and Neave (F&N) group is on an expansion path, announcing two deals totalling $60 million yesterday. It is acquiring through wholly owned Times Publishing the educational publishing business of Temasek-linked SNP Corporation for $37.28 million. And wholly-owned Frasers
      335 words
    • 267 5  -  By ROLAND LIM SINGTEL yesterday announced that its regional IT services arm NCS was winding up two of its subsidiaries Ipacs Computer Services (S) Pte Ltd (IPC) and Ipacs Technology Pte Ltd (IPT) which, in turn, have three subsidiaries in China. Collectively, the five companies
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  • Page 4 Advertisements
    • 24 4 IDIT Europazins Best Bond Europe Fund over lyr, 3yrs and syrs category AlliailZ (j[j) rated AA by Standard Poor's. Global investors company no *****7169Z
      24 words

  • Page 5 Advertisements
    • 476 5 SUPERIOR FASTENING TECHNOLOGY LIMITED RENOUNCEABLE RIGHTS ISSUE (THE "WARRANTS ISSUE") OF 43,878,480 WARRANTS (THE "WARRANTS"), EACH WARRANT ENTITLING ITS HOLDER TO SUBSCRIBE FOR ONE (1) NEW ORDINARY SHARE OF HK$O.l7 EACH IN THE CAPITAL OF THE COMPANY, AT AN ISSUE PRICE OF 550.03 FOR EACH WARRANT, ON THE BASIS OF
      476 words

  • SINGAPORE MARKETS
    • 453 6  -  STOCKS Analysts expect Singapore market to continue doing well next year LESLIE YEE Correspondent SINGAPORE'S benchmark Straits Times Index (STI) advanced for the fourth trading day in a row yesterday, adding 7.49 points to close at 2,345.38. The STI was pushed up in
      Source: Bloomberg  -  453 words
    • 516 6  -  TRADES TO WATCH By LESLIE YEE UNITED Overseas Bank's chairman and chief executive officer Wee Cho Yaw continued to build up his stake in property and hotel group United Overseas Land (UOL) as the bank reduces its holdings in UOL through
      516 words
    • Article, Illustration
      432 6 OTHER SINGAPORE INDICES Dec 29 VALUE CLOSE BT OB/OS 261.00 +141.00 BTCAPI -*****.00 +132.00 BT 10-day MA -*****.00 +26.00 All-SG Equities 599.31 +1.90 SG Equities Elect 125.96 +0.19 SG Equities Fin 1720.12 +3.31 SG Equities Prop 720.67 +6.19 SIMSCI 278.20, +1.13 SiMSCI Futures 278.20 +1.00 MOST ACTIVE STOCKS VOLUME Gen
      432 words
    • Article, Illustration
      968 6  -  Compiled by MATTHEW PHAN Dec 29 dose: 74.S cents KIM BIG RESEARCH, Dec 29 PINE Agritech generates 62 per cent of revenue from soy protein isolate (SPI) and 16 per cent from soy oligo-saccharide syrup (SOS), two organic compounds generated from soybeans. It is the biggest manufacturer in
      Source: Bloomberg  -  968 words
    • 397 6 CURRENCIES AFP [TOKYOI The US dollar was little changed against the yen in sluggish Asian trade yesterday after gaining on a report showing US consumer confidence at its highest level since August, dealers said. The US currency slipped back against the euro, however, with
      AFP  -  397 words

  • COMPANY NEWS
    • 1299 7  -  TEMASEK'S DEALS But the Singapore investment company remains an M&A player to watch in the coming year, reports WONG WEI KONG WONG WEI KONG TEMASEK Holdings may be making fewer investments after a year which has seen the Singapore investment company's largest ever series of
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    • 357 7  -  By KALPANA RASHIWALA METRO Holdings is adding to its China real estate holdings with a $65 million halfshare in a new Beijing shopping mall. Metro, the property and retailing company, owns four department stores in Singapore and another four in Indonesia. The
      357 words
    • 223 7  -  By ARTHUR SIM CAPITALAND'S Australian property arm Australand Property Group will enter into a joint venture with Malaysia's Sunway City to develop an industrial site in western Sydney, Australia, with estimated realisable value of Asl4o million (Ssl7o million). Australand managing director Brendan Crotty
      223 words
    • COMPANY BRIEFS
      • 69 7 OSIM International, which made an exit offer to shareholders with an intention to take the company private, said the offer closed yesterday with valid acceptances amounting to about 14.04 per cent of Global Active. Prior to that offer, OSIM had already
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      • 91 7 VITA Holdings Ltd, listed on Sesdaq in January this year, says it expects to report a net loss for the half-year ending Dec 31,2005. It said the group's shipping division has been affected by the general downturn in the North Asia shipping route, which
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      • 89 7 CHINA T ranscom Technologies says it expects sales and profit for the year ending Dec 31,2005, to be lower than those for the previous financial year, but the company will remain profitable. It attributed the performance slip to declining investment and intense competition in
        89 words
      • 78 7 NATSTEEL yesterday announced the completion of the sale of the first tranche of 30 million shares or 8.335 per cent of Lee Metal Group to Lee Lin Poey, Lee Metal's executive chairman and CEO, and Lee HengThiam, executive director. Nat Steel is expected to
        78 words
      • 101 7 SINGAPORE Technologies Aerospace, part of ST Engineering, has subscribed for an additional 1.28 million shares in its UK subsidiary, Bournemouth Aviation Services Company (Basco), for £1.28 million (553.68 million). This is in response to a cash call by the UK unit
        101 words
      • 50 7 SEMBCORP Logistics has increased its stake in investment holding company. Offshore Joint Services Company of Singapore Pte Ltd, from 82.5 per cent to 90 per cent after buying 750.000 shares in it for nearly $2.5 million. The shares were bought from SembCorp Marine.
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      • 58 7 YHI International says its fully owned unit YHI Corp has inked an MOU to take a 49 per cent stake in a joint venture with Yokohama Rubber Co Ltd in Shanghai to distribute tyre products, from light truck radials and truck and bus
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  • Page 7 Advertisements
    • 26 7 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES
      26 words

  • SINGAPORE NEWS
    • 545 8  -  It will allocate 38 cents out of every dollar, tone down fund-raising By UMA SHANKARI THE new National Kidney Foundation (NKF) board said yesterday that it will set aside 38 cents out of every dollar of income to subsidise kidney patients. The
      545 words
    • 249 8 ELECTRICITY tariffs will rise by an average of 1.45 cents per kilowatt hour (kWh) for the first three months of next year, says SP Services. The increase has been driven by the higher fuel oil prices, which account for
      249 words
    • SINGAPORE ROUNDUP
      • 41 8 THE United States has appointed Patricia Louise Herbold as its new ambassador to Singapore. Ms Herbold. who takes over from Franklin Lavin. presented her diplomatic credentials to President S R Nathan at the Istana yesterday.
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      • 94 8 THE government has identified three new sites for the Selective En bloc Redevelopment Scheme (Sers) Block 6C Margaret Drive, and Blocks 27A and 39A Commonwealth Avenue. The Housing and Development Board will build about 800 new studio apartments, three-room, four-room and
        94 words
      • 54 8 STANDARD Chartered Bank yesterday announced that all esaver accounts with balances of $50,000 and above will enjoy an interest rate of 2.45 per cent per annum, starting from Sunday. Accounts with balances below $50,000 will earn 1.88 per cent per annum. Similar rates apply
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      • 105 8 THE Singapore Foreign Correspondents' Association has launched a new journalism prize as part of its 50th anniversary. Competition for the new Dennis Bloodworth Memorial Journalism Prize is open to Singapore citizens under the age of 25. The top prize is a two-month paid internship
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    • 276 8  -  By LEE KIM SIANG INTERNATIONAL Enterprise (IE) Singapore will be leading a group of 15 Singa-pore-based consumer technology companies to next year's International Consumer Electronics Show (CES) in Las Vegas. CES 2006 will be held on Jan 5-8 and is the world's largest
      276 words
    • 180 8 CENTREPOINT Properties' serviced residence management arm Fraser is looking to expand to more cities in 2006 as well as doubling the rooms it offers. Fraser COO Choe Peng Sum said: "I am looking forward to bringing Fraser's distinctive gold-stan-dard service to more and
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  • Page 8 Advertisements
    • 536 8 ofgffmss ofcaf «y»iyn« Executive Chef Carmine Palomba, also the personal chef of Do visit us at: Italian Ambassador 207 River Valley, UOl-61 UE Square River Wing Singapore *****5 For reservation or enquiry: Tel: 6333 8875 Fax: 6333 8655 Email: fuenti. mark@gmail com Diners Club Card r.w»^64i***** illlWß A Wort Aof
      536 words

  • Page 9 Advertisements
    • 5414 9 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT SELL IT FIND IT ———i^—^—— lADE I TECHNOLOGIES JADE TECHNOLOGIES SINGAPORE LTD (Incorporated in The Republic of Singapore) Company Registration No. *****3839Z NOTICE OF ANNUAL GENERAL MEETING To All Shareholders: NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Shareholders
      5,414 words
    • 96 9 CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED' (Incorporated In Singapore) (Co. Rag. No. *****1278 D) LOST SHARE CERTIFICATE The undermentioned certificate has been reported lost, destroyed or mislaid Name Certificate No. No. ol »hr— CHEW TEO SONG JOO TEO SONG *****0 1,000 NOTICE IS HEREBY GIVEN that new share certificate will be
      96 words

  • ECONOMY WATCH
    • 798 10 This will mark turning point for Asia's export-led economic model Reuters [SINGAPORE] For the first time in more than three decades Japan's economy, the world's second largest, is set to be surpassed in size by the rest of Asia. That milestone, says
      Reuters; REUTERS  -  798 words
    • 472 10 Large projects planned, farm subsidy to continue Bloomberg [BANGKOK] Thai Prime Minister Thaksin Shinawatra said the country's economy could grow as much as 6 per cent next year, boosted by increased state spending. "I will do everything to meet the economic
      Bloomberg  -  472 words
    • 281 10 Bloomberg [BRUSSELS] European interest rates won't stay put "eternally", a European Central Bank council member said spurring speculation that the ECB is weighing a second increase in borrowing costs. Guy Quaden, the head of the Belgian central bank, told the Trends-Tendances weekly
      Bloomberg  -  281 words
  • Page 10 Advertisements
    • 1156 10 [*AT^ NOTICES 101 l free: 1800-289-8822 Email notices'"sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ABACA CAPITAL PARTNERS PTE LTD (In Members' Voluntary Liquidation) (Reg. No. *****1102R) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held
      1,156 words
    • 431 10 In the Matter of the Companies Act, Cap. 50 Section 290(2)(b) And In the Matter of SATE RIA FAST FOOD PRIVATE LIMITED (In Members' Voluntary liquidation) (Company Registration No. *****2614E) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the above-named company duly convened and held at
      431 words
    • 23 10 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices§sph.com.sg. mAT:S NOTICES
      23 words
    • 142 10 WH JIAYI FURNITURE PTE. LTD. 298 MvarVMn Bmml SCSSBSSUtom. Amm M«lito) M: <7M 27M (Free Mm Sat: It.Maai tJtpn, Son A Mfc ll.Sflaw lMjm 6pes Purole Ebonv Sofa Set m IT, .1 TT t Hong Tan/Rosewood _&rc a■» t 35" spcs Dining Set csBHZ]IIIjTO3f lmmlmL* Dining set LOWHIhitiB 48" 7pcs
      142 words

  • MALAYSIA/INDONESIA
    • 632 11 Analysts attribute shift to its need for quick access to M'sian car market Bernama [KUALA LUMPUR] Volkswagen AG (VW) is believed to have dropped its insistence on taking a controlling stake in Proton so that it can quickly seal a deal
      Bernama; AFP  -  632 words
    • 238 11 AFP [KUALA LUMPUR] Malaysia said yesterday that its new naval base on the north-western island of Langkawi would help improve security operations in the piracy-prone Malacca Strait. The base, which will be the Royal Malaysian Navy's (RMN's)third regional headquarters, is to begin
      AFP  -  238 words
    • BRIEFLY ASIA
      • 91 11 AFP [KUALA LUMPUR] Former Malaysian premier Mahathir Mohamad's office yesterday quashed rumours that he was seriously ill, saying he had been admitted to hospital for a routine cardiac check-up. "It's routine, as in it's every year. Unfortunately this time around it
        AFP  -  91 words
      • 107 11 AFP (ISLAMABAD] Experts say the Al-Qaeda network has been definitely weakened but the four-year US-led war on terror has not brought to its knees the network of the world's most hunted Osama bin Laden whose fate remains unknown. Analysts say the
        AFP  -  107 words
      • 79 11 Reuters [TAIPEI] Cathay Financial Holding Co Ltd, Taiwan's largest financial holding firm, yesterday said its banking arm has written off an additional bad loan of NT$9 billion (*****.4 million). The unit, Cathay United Bank, made the move in preparation for possible
        Reuters  -  79 words
      • 89 11 Reuters [JAKARTA] Investigators from Indonesia's anti-corruption commission have detained the government's former investment chief in a graft probe, his lawyer said yesterday. Theo Toemion is the latest high-profile figure to be detained under an anti-graft campaign launched by President Susilo BambangYudhoyono. Lawyer Sugeng
        Reuters  -  89 words
    • 230 11 [JAKARTA] PT Bakrie Brothers, a diversified group with companies in the infrastructure, plantation, property and telecommunications sectors, announced on Tuesday that its unit and a partner had sealed a contract worth 374 billion rupiah (5563.3 million), said a Jakarta Post report. The
      230 words
    • 428 11 [KUALA LUMPUR] Malaysia's housing property sector will face a challenging year in 2006 amid factors such as likelihood of further interest rate hikes and the possibility of weaker consumer sentiment, according to a report in The StarBiz citing analysts. Even so, there
      428 words
    • 2313 11 VOL General Coip 0.40 unch 67 Mc2* DM *h CBBBI Genting 3130 020 462 George Kent 0.58 unch 3 A* M Realty 146 unch 3 GHLSystems .0.12 0.01 6922 Abric 0J9 unch 2 Globetronics Tech *32 0.01 2433 ACP Industries 0*4 unch 12 GkxnacBhd 1.00 0.01 1131 Advance
      2,313 words

  • GREATER CHINA
    • 377 12 But some worry that law could be actually targeted at foreign MNCs Reuters [BEIJING] China may introduce a controversial antimonopoly law to challenge domestic and multinational companies' market power as early as next year, the country's legislature announced on Wednesday. The National People's Congress (NPC)
      Reuters  -  377 words
    • 290 12 Reuters [BEIJING] Bank of China, the country's top foreign exchange lender, will apply for what is expected to be a multi-billion-dollar flotation on the Hong Kong bourse in early 2006, the official China Securities Journal said yesterday. The bank
      Reuters  -  290 words
    • 372 12 AFP [TAIPEI] Robert Tsao will step down as chairman of the world's second-biggest contract chip maker, United Microelectronics Corp (UMC) amid an escalating row with Taiwan's financial regulators, the company said yesterday. "With the recent controversy regarding the filing of UMC's financial statements, I
      AFP  -  372 words
    • 49 12 [BEIJING] China's top speed skater Yang Yang (front) and her teammates during the final phase of the team's training, prior to their departure for the winter Olympics in Turin. Yang Yang's gold at the 2002 Salt Lake City games was China's first for the winter Olympics. AFP
      AFP  -  49 words
    • 269 12 Reuters Bloomberg [BEIJING] China is looking into building power plants in neighbouring countries and transporting the electricity across its borders on high voltage cables, the China Daily said yesterday. It is considering hydropower and coal-fired stations in Kazakhstan, Mongolia and Russia, which
      Reuters; Bloomberg  -  269 words
    • 507 12 Four in five do not sign job contracts with staff: survey Xinhua [BEIJING] Four in five private enterprises in China have not signed job contracts with their employees. That's the startling result of a survey by the country's top legislators. "The legal rights
      Xinhua  -  507 words
    • 394 12 IHONG KONG] Term limit* for members of the Hong Kong stock exchange's listing committee are bein introduced, forcing chairman Moses Cheng Mo-chi and four others to step down by April, reported the South China Morning Post. The rule change is bein made
      394 words
  • Page 12 Advertisements

  • INDIA
    • 573 13 ECONOMY Rapid growth turning it into economic power with potential to rival China AFP [NEW DELHI] Oft-derided as the slowmoving elephant of Asia, India's economy has been transformed into a star performer with booming growth and a stock market that rocketed 40 per
      AFP  -  573 words
    • 566 13 Sibling rivalry led by Ambanis dominates corporate news [NEW DELHI] Sibling rivalry remained the flavour of the Indian corporate story in 2005, with conflicts in at least three families spilling out into the open. But the most engaging of them all was the fight between the Ambani brothers Mukesh and
      566 words
    • 387 13 AFP [BANGALORE] A massive hunt was underway yesterday in this southern Indian city for a gunman who attacked an international science conference, killing a professor and wounding four delegates, police said. Political leaders and police chiefs from Karnataka state, of which Bangalore is the capital, were
      AFP; AP  -  387 words
  • Page 13 Advertisements
    • 1418 13 NFS MFS TECHNOLOGY LTD I TtM interconnect (Company Registration No. *****9562R) solutions Pmvkfr (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that th« Fifth Annual General Meeting of the Company wi» be held at 22 Tuas Avenue 8, Singapore *****7 on Wednesday. 18 January 2006, at 11.30 a.m.
      1,418 words

  • ASIA-PACIFIC/WORLD
    • 606 14 System woes come as turnover hits record 226.8b yen on start-up market Reuters [TOKYO] Overburdened computer systems interfered with trade at two of Japan's leading markets for start-up companies yesterday, the latest in a series of glitches that have hit Japan's stock exchanges this
      Reuters  -  606 words
    • 437 14 Reuters [SEOUL] A South Korean panel dealt a devastating blow to discredited scientist Hwang Woo-suk yesterday, concluding that his oncecelebrated team provided no data to prove a claim they had produced tailored embryonic stem cells. The findings deepened the disgrace
      Reuters; REUTERS  -  437 words
    • 520 14 LATEST US DATA AP [WASHINGTON] Sales of previously owned homes fell by 1.7 per cent in November, a fresh sign that the high-flying housing market is losing altitude. The latest snapshot of activity in the housing market, released by the National
      AP  -  520 words
    • 257 14 Reuters [MANILA] San Miguel Corp, South-east Asia's largest food and beverage company. said yesterday it had acquired full ownership of Australian juice maker Berri Ltd. Manila-based San Miguel, which already owned 51 per cent of Berri, said in a statement it bought the
      Reuters  -  257 words
    • 510 14 Bloomberg AP [TOKYO] Japanese stocks advanced yesterday, driving the Nikkei 225 Stock Average towards its biggest second-half rally in more than half a century. Traders bought exporter blue chips and economysensitive stocks after reports showed consumer confidence and retail sales in
      Bloomberg; AP  -  510 words
    • 282 14 Bloomberg [SYDNEY] Exxon Mobil Corp, the world's largest publicly traded oil company, has scrapped a plan to sell its 35 per cent interest in the Griffin oil field off north-western Australia after reviewing offers for the stake. Exxon will keep
      Bloomberg  -  282 words
  • Page 14 Advertisements
    • 313 14 In The Matter Of The Companies Act. Cap. 50 And In The Matter Of (1) PRN ASSOCIATES PTE LTD Company Reg. No. *****3334R (2) CHANSELOW PTE LTD Company Reg. No. 198y*****M Notice of Creditors' Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50 NOTICE is hereby given that
      313 words

  • WORLD
    • 404 15 Trump and partners also apply for one of two sites in Philadelphia Bloomberg [NEW YORK] Gambling heavyweights are betting millions on expansion in the US state of Pennsylvania, which is expected to issue its first gaming licences next year. Harrah's Entertainment, the world's
      Bloomberg  -  404 words
    • 240 15 Bloomberg [NEW YORK] AT&T Inc. formed in November when SBC Communications bought AT&T Corp, will spend hundreds of millions of dollars on a branding campaign that begins on New Year's Eve and includes the music of UK rock band Oasis. While AT&T,
      Bloomberg  -  240 words
    • 452 15 LAT-WP [LOS ANGELES] Toy maker Mattel Inc will pay its deposed Barbie and Hot Wheels chief US$6.9 million in severance, the company said in a regulatory filing on Wednesday. Former Mattel Brands president Matthew Bousquette will get US$5.4 million three times his
      LAT-WP  -  452 words
    • 655 15 ENRON SCANDAL In exchange, he pleads guilty to one felony charge NYT [HOUSTON] The former chief accounting officer of Enron agreed to cooperate on Wednesday with the government in its case against the two leading executives in the scandal over the company's collapse,
      NYT  -  655 words
    • 408 15 That could undermine effects of change: analysts [SAN FRANCISCO] Investment analysts say new rules on how US companies account for stock options will cause widespread confusion on Wall Street early next year as investors struggle to make sense
      408 words
    • 392 15 Bloomberg [NEW YORK] US money market mutual funds attracted US$lO.l billion this week, pushing total assets above US$2 trillion for the first time since February 2004, as rising yields drew investors, according to the Money Fund Report. Total assets climbed to US$2.Ol
      Bloomberg  -  392 words

  • AVIATION
    • 673 16 Their expansion plans throw up new challenges for coming year AFP [SYDNEY] 2006 will be a make-or-break year for airlines with big expansion plans in the Asian region, the Centre for Asia-Pacific Aviation (Capa) said in its annual outlook report. With an
      AFP; BLOOMBERG  -  673 words
    • 262 16 AFP [BANGKOK] Thailand has shelved a plan to expand Bangkok's new international airport immediately after it opens next June, an official said yesterday. The US$3.7 billion Suvarnabhumi international airport, 25 kilometres east of Bangkok, will open with annual capacity of 45 million passengers
      AFP; THE NATION  -  262 words
    • 171 16 Bloomberg [SEOUL] Korean Air Lines Co, Asia's fifthlargest carrier by sales, said it expects operating profit to rise next year to 560 billion won (*****.5 million) after higher fuel costs this year forced the company to abandon its target. Korea Air also expects sales
      Bloomberg  -  171 words
    • 255 16 Bloomberg [JAKARTA] PT Garuda Indonesia. the nation's biggest airline, may not meet its target to cut losses by 50 per cent this year after bookings slowed amid rising fuel costs following the Oct 1 suicide bombings in Bali. The Jakarta-based airline may
      Bloomberg  -  255 words
    • 674 16 Interim agreement, reached on Dec 11, will cut pay 14% Bloomberg [CHICAGO] Delta Air Lines Inc pilots ratified an interim agreement with the bankrupt carrier that will cut pay 14 per cent and save the company US$l43 million annually, while negotiators work toward
      Bloomberg; AFP  -  674 words
    • 594 16 401 M 1 aar gas p <im m —«ra« 6fiH 925 DaKa OH626 1210 OR639 Q615 nsriiii5ir i feodum MaOU 1140 iSBol IMS a oa fjff iff? is m mi ww BS*ST~ n?%) !?jp ni cassj 0055 —CA958 0745 ill! 1118 pe raw j| wrra TR137
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  • TRANSPORT/SHIPPING
    • 693 17 They are set to jump by up to 41% because of higher fuel costs Bloomberg [SINGAPORE] Neptune Orient Lines (NOL), Evergreen Marine Corp and 10 other shipping lines plan to raise surcharges on land transportation of containers in the US by as
      Bloomberg; REUTERS  -  693 words
    • 420 17 Singapore shippers point to better strait security AFP [SINGAPORE] Singapore shippers have urged an international insurance body to remove the Malacca Strait, one of the world's busiest waterways, from its list of "war risk" areas incurring possible higher premiums. Security in the
      AFP  -  420 words
    • 266 17 [SINGAPORE] PSA-operat-ed Tuticorin Container Terminal has set a containerhandling record in India, achieving a vessel rate of 103 moves an hour. Starting just before midnight on Dec 21, it moved a total of 1,500 Twenty-foot Equivalent Units of containers from Evergreen Marine Corporation's
      266 words
    • 315 17 AFP [PAßlS] Europe shivered in the grip of an icy cold snap on Wednesday, with France hardest hit by blizzards that have cut rail and road links and left thousands of motorists stranded in sub-zero temperatures. Snowstorms caused hundreds of train cancellations in Britain
      AFP  -  315 words
    • 227 17 AFP [BEIJING] The first expressway linking China and a member of the Association of South-east Asian Nations (Asean) opened to traffic on Wednesday, significantly reducing travel time, state media said. The 179.2-kilometre expressway begins in Nanning, the capital of south China's Guangxi region
      AFP  -  227 words
    • 821 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR SHIPS owned by state-owned enterprises that are established at different levels of government in the People's Republic of China are not "associated" or sister ships, according to a recent decision in South Africa's Supreme Court of Appeal. The appellant in
      821 words
    • 295 17 SOX 000 Doc 29 st w- Vol CH Offshore .037 0.01 949 ChuanHup .0.40 0.01 ***** Cosco Corporation 3.17 0.04 6235 CWT Distribution .0.81 -0.01 41 EzraHldgs 1.47 0.01 557 Freight Links 0X16 unch 20 Grand Banks Yacht .0.88 unch 0 Java Holdings 1.25 0.03 169 K1 Venture
      295 words

  • EDITORIAL & OPINION
    • 522 18 EDITORIAL THIS year has been remarkable for North-east Asia. The economies of the region's two giant neighbours have both been growing strongly Japan's pulled along by China's to some extent, while also benefiting from a degree of domestic demand. South Korea has also enjoyed
      522 words
    • 1502 18  -  With potential demand, commodity-producing S-E Asia is well-placed to reap the benefits By NG BOON YIAN ONCE an idea tossed around in the ivory towers, biofuel seems to be taken more seriously by governments and industry players these days. Indeed, this year
      FILE PHOTO; REUTERS  -  1,502 words
    • 767 18  -  THE BOTTOM LINE YOGI AGGARWAL HAS the huge flow of foreign portfolio investment leading to a boom in the Indian stock market been a blessing? The buoyant market has seen a tripling of the major stock indices since the bull
      767 words
    • 1543 19  -  Xu Rongmao controls more land than any private US developer and is bigger than Donald Trump or Sam Zell By DAVID BARBOZA NYT A THERE are only 10 known billionaires in China, and Xu Rongmao is one of them. He is no Donald Trump,
      NYT; BLOOMBERG; APPLE DAILY  -  1,543 words
    • 109 19  -  Leong Sze Hian Singapore 1 REFER to the article, "Bank loans to HDB buyers hit $11.5b" (BT, Dec 28). It states that "as at October 31, 2005, some 65,000 occupants of HDB flats have taken bank loans. The figure represents 12 per cent of
      109 words
    • 832 19  -  LETTERS TO THE EDITOR Narayana Narayana Singapore YOUR writer Conrad Raj laments that "an en bloc sale these days has become a tyranny of the majority" and cries out in frustration, asking, "Where are our minority rights?" ("En bloc property sales are a tyranny
      832 words


  • 10350 20 SGX MAINBOARD 52-Mfk Tal Last Vol Day UttQuot* GtfNv Dtv GfYW Not MCap Hij|N low Cod* Cowpawy Salt +J- COOP) Wgh law twyr SdNr Cvr W W 7.5 2 5716 1st Software 5c 2.5 -0.5 489 2.5 2.5 2.5 3 10.1 22 6 3148 8Telecom US2c 7.5 6.5
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  • 5849 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool care k» »»USi %<*» y« **f md«« Oiang* Ch«n— Ch«na» Chug. Choifl* Oi»hi WtrtJIrtBtPfefrTWwy 9M4 03 14J 02 106 03 jM t EAf E Prekmmaty 975.3 0.4 26? 04 UJ 0.5 11.9 1281,1 ai 313 02 M 03 7.7 Pacific JC64
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  • Page 22 Advertisements
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  • Page 24 Advertisements
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  • THE BUSINESS TIMES SHIPPING TIMES
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  • Page 25 Advertisements
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  • executive lifestyle
    • 259 27  -  PARVATHI NAYAR looks ahead to the trends in 2006 that could help turn the city into a lively place for work and play PARVATHI NAYAR AT the end of the year one inevitably looks back —and ahead. The buzzword of 2005 has been "vibrant Singapore" or the
      259 words
    • 574 27 FILM AND CONTENT CREATION COME the new year, films will continue to add buzz to the Singapore scene, whether fuelled by Oscar chatter, the growing power of the Asian market or corporate entertainment. Films as a key component of corporate hospitality through blockbooking theatres or sponsoring big
      574 words
    • 534 27 ARTS CAN we become another New York or London where museum and theatre-going are regular lifestyle choices? It may take a generational change, but one thing is certain: the local theatre and arts culture must be maintained if we are to have vibrancy in this
      534 words
    • 615 27 LEISURE AND ENTERTAINMENT NEXT year could well see Singapore stak< its claim to wear the region's Party Capita hat —with nightspots now staying open til 6am, the Big Club scene fired up with th( opening of Ministry of Sound (MOS), anc entertainment options on the increase. MOS
      615 words
    • 504 27 DINING SINGAPOREANS love to eat, sure, but what will they be eating in 2006? Different industry players offer their perspectives: Food in Singapore will become even less defined by distinct "types" like French or Italian, says restaurateur Ignatius Chan of Iggy's, "and move towards amalgams of flavours".
      504 words
  • Page 27 Advertisements

  • BOOKS
    • 653 28  -  WORDS FROM THE TOP Priscylla Shaw, chairwoman of Asian Civilisations Museum, talks to PARVATHI NAYAR about how literature, children's books, travel and museums integrate into an appreciation of the richness of life PARVATHI NAYAR Q. Is there a book that has helped you in
      YEN MENG JIIN  -  653 words
    • Article, Illustration
      439 28  -  By Uma Shankari Memories off My Melancholy Whores by Gabriel Garcia Marquez $34.13 (Hardcover) Published by Jonathan Cape, 115 pages NOBEL prize winner Gabriel Garcia Marquez leads us into his latest novel with the sentence: "The year I turned ninety, I wanted to give myself the gift of a
      439 words
    • 935 28  -  PARVATHI NAYAR checks out the latest selections PARVATHI NAYAR IT'S a year that has seen no shortage of books published including the sixth of the Harry Potter series or awards won including unusual choices such as Harold Pinter for the Nobel prize. In Singapore, the literary
      935 words
  • Page 28 Miscellaneous
    • 128 28 CRYPTIC CROSSWORD 26 divine of- Canada^3o Nativity, 31 Arrest, fice? (3) Down: 1 Airscrew, 2 Splatter, 3 27 Meal that went pear shaped jng 6 to fly across Norway (7) Erne, 5 Amphitheatre, 6 Alto, 7 with soup and tongue start- 2 Earth mother welcomes 5 Hesitating in front of
      128 words

  • CINEMA/WINE
    • 1009 29  -  GEOFFREY EU picks the 10 best films of the year GEOFFREY EU Depending on how you look at it, 2005 was either a decent or disappointing year for the movies in Singapore. The ambivalence comes about because even though quality offerings many in the form
      1,009 words
    • 386 29  -  By PARVATHI NAYAR rCHRfSTMAS-THEMED family dramas arfr -Supposed to spread warmth by promoting the temporary illusion that there's an excess Of love, miracles and good cheer up for grabs, ;and all is well with the world. While most of us would like to
      386 words
    • 566 29  -  By GEOFFREY EU FANS of the popular plasticine pair Wallace and Gromit will rejoice in the? knowledge that there is now a full-length feature film to accompany three earlier shprts which first propelled them to Oscar-winning fame. Wallace and Gromit: The
      566 words
    • 1125 29  -  By N K YONG IT is not the wine alone that makes it memorable. It is the wine in combination with the context in which it is drunk. The occasion, the place, the people you are drinking with, and yes, the food that accompanies it
      1,125 words

  • 1481 30  -  Making Time SU JIAXIAN looks at the sophisticated mechanics that resides in the small space within your wristwatch SU JIAXIAN THESE days, mechanical chronographs are like SUVs. They look like they can accomplish quite a lot, but no one actually needs them to do
    1,481 words
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    • 16 30 EST? t 954 SINCERE fine watches This series is brought to you by Sincere Fine Watches
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