The Business Times, 31 December 2005

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Microfilm: NL26546
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents MICA (P) 069/03/2005 December 31, 200S January 1, 2006 c- ir>c .it t!p bustness-1 nx*3s43l ccnr. so
    24 words
  • Article, Illustration
    Lock icon S'pore market cap soars to record $437.8b
    968 1  -  But bourse remained skewed in 2005, with investors flocking to blue chips and generally shunning the rest By WONG WEI KONG [SINGAPORE] A strong showing by heavyweight stocks, along with a healthy supply of new listings, propelled Singapore's market capitalisation to a record
    Compiled by BT  -  968 words
  • Article, Illustration
    Lock icon WHAT A YEAR
    102 1 Yes. another year is going out. And what better way to round off a year of hard work than to break out tne cnampagner ueuing a jump on me fun yesterday was the management team at Singapore's Orchard Hotel. In case you think it's their New Year
    YEN MENG JIIN  -  102 words
  • Article
    Lock icon Counting down to the great holiday escape
    811 1  -  Holiday-makers and tour agencies are liking it this Chinese New Year By MATTHEW PHAN [SINGAPORE! Come Chinese New Year, many Singaporeans may not be around to celebrate. The long weekend affords the chance to take three-to-four day vacations, but according to tour operators,
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  • Article
    Lock icon MARKETS DIGEST
    133 1 sn 2,347.34 (+1.96) ST MDEX FUTURES 2,353.00 (+2.00) SIMSCI 278.51 (+031) SIMSCI FUTURES 277.50 (-0.70) MARKETS Friday Change KLSECOMP 899.79 -0.70 NIKKEI 225 16.111.43 L 232.77 HANG SENG 14,876.43 -169.16 SET INDEX 713.73 +3.51 JAKARTA COMP Closed MANILA COMP Closed SEOUL COMP Clostd r SHENZHEN B 195.61 +189
    133 words
  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon Extending the S'pore brand, to sporting excellence
      905 2  -  SATURDAY SOAPBOX The country should concentrate its resources on niche sports if it hopes to win Olympic glory one day LESLIE YEE Senior Correspondent Adventures Khoo swee Chiow has broken the Guinness World Record for the longest scuba dive done in a controlled
      905 words
    • Article, Illustration
      Lock icon The globalist quiz
      377 2 Source: The Globalist The PC Superpower In the age of high technology and global irrterconnectedness, a vital measure of a country*s competitiveness is how computer-literate its people are. And having access to a computer is the first step in learning how to use one We wonder Which
      Source: The Globalist  -  377 words
    • Article
      Lock icon Correction and clarification
      102 2 IN our report of visitor arrivals for November (BT, Dec 29), we said that November arrivals were up 5.5 per cent compared with October 2004. The comparison is with the previous month, October 2005. We are sorry for the error. In 'OCBC loan syndication strategy pays off
      102 words
    • Article
      Lock icon Wait-and-watch game begins over SIA's divestment plans
      720 2  -  Likely competitors concerned over SIA's future ties with SATS, SIAEC By GEORGE JOSEPH [SINGAPORE] Analysts and ground-handling players are waiting to see how Singapore Airlines (SLA) will go about the planned divestment of its ground-services units to know how the competitiveness of the
      720 words
    • Article
      Lock icon Loans growth in S'pore falls below 1% in Nov
      456 2  -  More balanced growth seen next year as consumer spending rises By SIOW LI SEN [SINGAPORE] Domestic loans growth fell to below one per cent in November from 1.4 per cent in October, continuing a worrying trend. But there were some tentative
      456 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      545 2 Jakarta keen to buy back Indosat stake from STT INDONESIA has indicated a strong interest in buying back a 40.77 per cent stake in PT Indosat from Singapore Technologies Telemedia in a letter sent by the country's Minister of State Owned Enterprises, Sugiharto, to STT. Any possibility of
      545 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Myanmar's 'Mr Clean'
      2007 3  -  Founder of SPA, one of Myanmar's largest and most successful companies, seeks to get his firm here listed on SGX, says NANDE KHIN NANDE KHIN SERGE Pun, one of the most successful tycoons in Myanmar, has been described by the foreign media as "the least corrupt" businessman
      YEN MENG JIIN  -  2,007 words
    • Article
      Lock icon Singapore firms told to be patient in Myanmar
      482 3  -  By NANDE KHIN SINGAPORE companies that want to do business in Myanmar should be prepared to stay for the long haul, says International Enterprise Singapore's honorary business representative in the country. "You cannot expect to be profitable from day one, to sustain
      482 words
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      100 3 The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in an east-west direction, serving
      100 words
    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      5 3 >v£:>- w»"Raffles INTERNATIONAL Hotels Resorts
      5 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Jakarta keen to buy back Indosat stake from ST Telemedia
      861 4  -  Strong interest shown in letter from Indon minister to STT By SHOEB KAGDA in Jakarta INDONESIA has indicated a strong interest in buying back a 40.77 per cent stake in PT Indosat from Singapore Technologies Telemedia (STT) in a letter
      REUTERS  -  861 words
    • COMPANY BRIEFS
      • Article
        Lock icon Seatown moving into funeral business
        91 4 SEATOWN Corporation, which is under judicial management, could be headed into the funeral business in Malaysia next in a proposed move that is seen "more likely to return the company to greater financial health and stability". It has inked a conditional agreement to buy 100
        91 words
      • Article
        Lock icon Venture to sell property to CEO, wife
        55 4 VENTURE Corporation has inked a deal to sell a residential property at 3A Camden Park for $8 million to Wong Ngit Liong, its chairman and CEO, and his wife. The sale price was based on the higher of two professional valuations commissioned for
        55 words
      • Article
        Lock icon MLT sets up M'sian unit in S'pore
        47 4 MAPLETREE logistics Trust (MLT) has set up a fully owned Malaysian unit. MapletreeLog Malaysia Holdings Pte Ltd. in Singapore. The new unit has acquired the entire issued share capital of a shelf company. Takrif Permata Sdn Bhd, incorporated in Malaysia.
        47 words
      • Article
        Lock icon Federal Int'l sells stake in TWCC
        47 4 FEDERAL International (2000) is disposing of its 10 per cent stake in Tiong Woon China Consortium Pte Ltd (TWCC) to an existing shareholder, Tiong Woon Corporation Holding Ltd, for $1.57 million. Federal will record a $0.42 million gain on the divestment.
        47 words
    • Article, Illustration
      Lock icon SGX appoints new CFO
      246 4 THE Singapore Exchange (SGX) has appointed a new chief financial officer (CFO) to replace Seek Wai Kwong, who will take on additional tasks to create new revenue streams. Robert van Zwieten, 43. takes over as CFO tomorrow. He will also serve as executive vice-president of SGX's
      246 words
    • Article
      Lock icon CDL Hotels NZ chairman retires
      179 4 TSANG Jat Meng, the 72-year-old chairman of CDL Hotels New Zealand and CDL Investments New Zealand, has announced his retirement after only six months in the post. The announcement comes as a bit of a surprise as, despite his age, Mr Tsang recently described himself
      179 words
    • Article, Illustration
      Lock icon STI closes out the year with 13.6% gain
      468 4  -  STOCKS LESLIE YEE Senior Correspondent ON its last day of trading for the year, Singapore's Straits Times Index barely held on to earlier gains to close up 1.96 points at 2,347.34. The STI had earlier touched a day's high of 2,355.92. Yesterday
      468 words
    • GRAPEVINE
      • Article
        Lock icon Madam Clare Gu
        50 4 GU Yan Fei, the woman playing an instrumental role in helping turn around crippled oil trader China Aviation Oil, is popularly known as Madam Gu. What is less well known is the Chinese national's other name Clare. No wonder there is now greater Clarity in CAO's direction.
        50 words
      • Article
        Lock icon Hear them roar
        83 4 SINGAPOREANS are hardly tigers in bed the Durex Global Sex Survey last month said the island state has the second-lowest frequency of sex per year. But maybe the young have a bit more go in them? At the upcoming City Festival 2006 in Hong Kong, a group
        83 words
      • Article
        Lock icon Old maid
        39 4 NTUC Insurance really does cover you for life. A person renewing the insurance for her maid found that Income had her date of birth as 1920. An 85-year-old maid? Wonder what the Manpower Ministry has to say.
        39 words
      • Article
        Lock icon Light and noise
        46 4 BANG, Crush, Boom. Or is it Crush, Bang, Boom? Or Boom, Bang, Crush? Adding to the confusion, journalists recently received sparklers from "all the bright sparks at Crush, Bang and Boom" who are public relations/advertising agency/event management companies, not necessarily in that order.
        46 words
    • Article
      Lock icon OCBC, OAC to divest 8.6% of Straits Trading
      413 4  -  By SIOW LI SEN TO the continued delight of its shareholders, OCBC Bank said yesterday that it and a subsidiary will divest a combined 8.6 per cent stake in The Straits Trading Co (STC) and that it will book a net gain
      413 words
    • Article
      Lock icon CapitaLand to expand Syariah-linked business
      259 4 CAPITALAND, which set up its first Islamic property fund in May, is moving deeper into the business by setting up a new unit to grow its Syariah-compliant real estate financial interests in Asia. The group plans to launch another US$5OO million of Islamic-compli-ant real estate-linked
      259 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      197 4 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF CITY BUILDERS (PTE) LIMITED CO. REG. NO. *****1439N (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap.so, that a Final General Meeting of the
      197 words
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  • MARKET CAP
    • Article, Illustration
      Lock icon Market cap of STI stocks jumps 21% to $316b
      561 5  -  Star performers came from the offshore and marine, and property sectors By WONG WEI KONG MOST blue chips and index stocks saw their market value rise in 2005 as investors continued to favour big caps over smaller offerings. Of the 50
      FILE PHOTOS  -  561 words
    • Article
      Lock icon New IPOs add $18.5b to market cap of SGX companies
      454 5  -  By LESLIE YEE THE 67 companies on the Singapore Exchange (SGX) which had their initial public offerings (IPOs) in 2005 boasted a combined market capitalisation of around $18.5 billion as at Dec 30. The boost provided to the market capitalisation
      454 words
    • Article, Illustration
      Lock icon China IPO offers chance to invest in bull semen
      367 5  -  By OH BOON PING GOOD pedigree! The latest China IPO heading to Singapore China Milk also produces pedigree bull semen. Besides this, the company which has submitted its preliminary prospectus with the authorities here produces pedigree dairy cow embryos and raw
      367 words
    • Article
      Lock icon S'pore bourse continues to lack depth
      396 5  -  By WONG WEI KONG DESPITE achieving a record high in market capitalisation in 2005, the Singapore bourse still appears to lack depth, with a small number of major stocks accounting for the bulk of the market's value. Total market capitalisation of the Singapore Exchange
      396 words
    • Article
      Lock icon Ranking of Singapore companies by market capitalisation
      2995 6 ***** FKEV COMPANY MKTCAP %CMN6 GUM PRE* COMWNV %ONG rank rank (SSM) from Mft.< mnk (S$M) from DKM OK 31 KC30 KC3. MC* 06C31 *C3. 2005 2004 2005 2004 IMS. 2004 2005 2004 c i ...i' 1 1 1 1 SirnTel *****.3 10.1
      2,995 words
    • Article
      Lock icon Ranking of Singapore companies by share performance
      2524 7 mm company qosns hke ma I mm camm acme DEC 30 CHANGE CHANGE I OMNGE 2005 I m m «u <S) I WW ra I Z W W I 1 v 1 British Malayan Trustees 74.40 1130 32 6 170 Core M2 0.06
      2,524 words
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  • PERSONAL INVESTMENT
    • Article
      Lock icon BROKERS' TAKE
      1024 8  -  Compiled by MATTHEW PHAN Vita Holdings Dec 30 dose: 17 cents PHILLIP SECURITIES RESEARCH, Dec 30 IN our previous report, we discussed the negative effects of lower chartering rates on Vita and highlighted lower utilisation rates that will affect the shipping segment's revenue and profit for H106; higher
      1,024 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      891 8 For week beginning Dec 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial »uy Mo of Prka SHABIHOUXWC Tram Shareholder/ So# StMjr« Fir Mloro Aft" stock Date Director Conv 000 Shr S (000) C000) San Teh 29-Dec 05 KaoChuanChi Sell 64 0.33 7189 2.51 7125 2.48 Stamford Land 29-Dec-OS Ow
      891 words
    • Article, Illustration
      Lock icon Top two performers come from Sesdaq
      1295 8  -  SHOW ME THE MONEY Only half of SGX companies with at least one year trading posted positive returns TEH HOOI LING Senior Correspondent OFFICIALLY. 2005 is a third positive year for the Singapore market. The Straits Times Index advanced another 13.6 per cent, bringing
      1,295 words
  • Page 8 Advertisements
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  • SINGAPORE NEWS
    • Article
      Lock icon More tax incentives for 'green' vehicles
      338 9  -  Lower road tax, extension of special tax exemption By UMA SHANKARI NEW incentives have been announced to encourage the use of environmentally-friendly "green" vehicles. From Jan 1, the road tax for compressed natural gas (CNG), hybrid and electric commercial vehicles and buses will be
      338 words
    • Article, Illustration
      Lock icon Former SCS CEO Lim Joo Hong dies
      281 9  -  By ROLAND LIM FORMER Singapore Computer Systems (SCS) chief executive Lim Joo Hong passed away on Wednesday at the age of 51. Mr Lim, who was appointed SCS' CEO in 2003, stepped down in August the same year citing health reasons. He subsequently
      FILE PHOTO  -  281 words
    • Article
      Lock icon HDB flats to get $30m utility rebates
      168 9 THE government will hand out $30 million in utility rebates to HDB households in January 2006. Each HDB household will receive between $30 and $100 in utility rebates, depending on their flat type, with higher rebates given to lower income households. This is
      168 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5289 9 UNIT TRUSTS FUNDS Comment*!* Asset Mgt Com Global Finance Index Fd 1.176/ MM Com Global Lifestyle Index Fd 1.066/ 5T C n«77( Com Global Health Inde* Fd 0.934/ JOTl Com Global Telecom Index Fd 0.523/ r?! lis/ Com Global Infotec Index Fdl" 0373/ S SKlS 11VI Com Global Energy Index
      5,289 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      40 9 Allianz Global Investors one of world's top five asset management groups" Allianz (ill) I with more than US$l.45 trillion" of assets under management. Global investors I y Souice Wdsnn Wyall. As al 31 D«cmt*r ?().I4 As,,! ill [uno ,'KiS rmomm
      40 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Maxis acquires India's Aircel
      549 10  -  US$1b deal to give M'sian firm 74% stake while Indian partner will own rest of cellular firm By PAULINE NG in Kuala Lumpur MAXIS Communications has teamed up with Chennai's Reddy family to acquire the entire interest in Indian cellular phone operator Aircel for US$l.OB billion
      549 words
    • Article
      Lock icon US embassy in KL closed over security threat
      157 10 AFP [KUALA LUMPUR] The United States embassy in Kuala Lumpur said yesterday it had been shut down due to an unspecified security threat directed at the mission. "The embassy will close effective today until further notice due to a security threat to
      AFP  -  157 words
    • BRIEFLY ASIA
      • Article
        Lock icon Protest against editor's sacking
        83 10 Reuters [BEUING] About 100 Beying News reporters walked out in protest at this week's dismissal of Yang Bin, the paper's editor-in-chief, sources said. Journalists displayed their anger through a photograph in the paper showing a flock of birds flying through dark skies above the newspaper's office,
        Reuters  -  83 words
      • Article
        Lock icon Mahathir discharged from hospital
        41 10 AP [KUALA LUMPUR] Malaysia's former prime minister Mahathir Mohamad was discharged from a hospital yesterday after a routine heart check-up, his office said. Dr Mahathir, 80, was admitted to Kuala Lumpur's specialist National Heart Institute on Wednesday.
        AP  -  41 words
      • Article
        Lock icon Doubts about central banker's Tokyo visit
        71 10 AFP [TOKYO] The governor of China's central bank, Zhou Xiaochuan, wants to cancel a trip to Tokyo next month apparently in protest against the Japanese premier's repeated visits to controversial war shrine, a newspaper reported yesterday. But a Chinese bank official called the report
        AFP  -  71 words
      • Article
        Lock icon Economist sees 9% growth for China
        46 10 Reuters [BEIJING] China's economy should be able to grow at an annual rate of 9 per cent next year, a central bank adviser said yesterday. The state was also likely to adopt expansionary policies, Yu Yongding was quoted as saying.
        Reuters  -  46 words
    • Article
      Lock icon SGX MAINBOARD
      7233 10 Transaction date: Dec 30 S2-M Td Lift Vol Day LartQ—M MNw Mr OfYWI MM MCap HmTlow C*. Cowp—y Sat. +7- fBBW HI* Urn Bwwr S-er Cw t« >J 7.5 2 5716 1st Software 5c 2.5 unch 300 2.5 2.5 2 2.5 10.1 22 6 B14B 8TefecomUS2c ....7.5 6.5
      7,233 words
    • Article
      Lock icon Sunway to float medical arm or set up Reit
      350 10 [KUALA LUMPUR] The Sunway Group is planning to float its healthcare arm, Sunway Medical Centre Sdn Bhd, or set up a real estate investment trust (Reit) in 2008 to give its shareholders better returns, Malaysia's Business Times reported. Sunway Medical is
      350 words
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  • INDONESIA
    • Article, Illustration
      Lock icon Indon tourism revenue seen growing 11%
      346 11 It will triple tourism marketing budget and hold festivals, says minister Bloomberg [JAKARTA] Indonesia forecast tourism revenue will rise 11 per cent next year as it boosts promotional spending and emulates Thailand to attract overseas visitors. Revenue next year will probably rise to US$5.5
      Bloomberg  -  346 words
    • Article
      Lock icon Garuda cannot meet US$55m debt repayment
      184 11 Reuters [JAKARTA] Indonesian state-owned airline PT Garuda Indonesia stood a day away from defaulting on about US$55 million of debt yesterday as it struggled to secure a restructuring deal it has been seeking since November. Creditors are due their money back by the end
      Reuters  -  184 words
    • Article
      Lock icon SGX
      6074 11 Transaction Date: Dec 30 MOST ACTIVE STOCKS VOLUME VALUE (S) GtobalVoice 5c 18.448.000 SIA50c *****.200 Unifiber 10c 17.537.000 DflSGrp 3S.410.200 DBS DB eCW*****3 12.347.000 UOB 32.631.100 MediaRing 10c 11.551.000 SinoTeJ ISc 29.069.860 Bio-Treat HK40c 11.492.000 QC»CBIc50c 2******0 SingTel ISc 11.119.000 CaottaLand 2ft.322.020 MuttiVis HK7c *****8.000 Kcppel Corp 50c 22.999.140
      6,074 words
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  • GREATER CHINA
    • Article
      Lock icon China approves 13 banks as market-makers for yuan trade
      440 12 Foreign banks include Stanchart, ABN Amro, HSBC and Citibank Reuters [BEIJING] China has approved a total of 13 foreign and domestic banks to act as market-makers for yuan trading, marking another step towards greater flexibility for the currency, banking sources said.
      Reuters  -  440 words
    • Article, Illustration
      Lock icon China's economy may grow 8.7% next year
      673 12 Bloomberg [BEIJING] China's economy will probably expand at more than four times the pace of Europe and Japan next year as Premier Wen Jiabao boosts consumer spending and encourages investment to ease transport bottlenecks. The economy, on course to overtake France and the
      Bloomberg; REUTERS  -  673 words
    • Article
      Lock icon Local officials must not compile GDP figures: economist
      286 12 Reuters [BEIJING] China should introduce a new appraisal system for local officials to help cool a frenzy for rosy growth data to which promotions are now pegged, a prominent economist said. Hu Angang, director of the Centre for China Studies at Tsinghua
      Reuters  -  286 words
    • Article
      Lock icon Taiwan's UMC faces more criticism over share sales
      404 12 It refutes claims vice-chairman did insider trading Reuters [TAIPEI] United Microelectronics Corp (UMC), the world's number-two contract chip maker, faced more criticism over management share sales yesterday. but denied a newspaper report that said its vice-chairman indulged in insider trading. The report
      Reuters  -  404 words
    • Article
      Lock icon Citigroup consortium bidding 24b yuan for Guangdong bank: report
      364 12 AP Reuters [SHANGHAI] A consortium led by Citigroup Inc has bid 24.1 billion yuan (554.94 billion) for a stake in China's Guangdong Development Bank, a Chinese magazine reported yesterday. If Accepted, the offer would be one of the biggest foreign acquisitions
      AP; Reuters  -  364 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      1626 12 P^Eliin I Go-ahead I I for Chinese motorcycle I I to produce sell cars I NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SYNAPSE TECHNOLOGIES PTE LTD REG. NO.: *****4866 C (INCORPORATED IN SINGAPORE) At an Extraordinary General Meeting of the abovenamed Company
      1,626 words
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  • INDIA
    • Article, Illustration
      Lock icon What textile means to India
      880 13  -  INDIA INSIGHT World trade developments have opened new opportunities for India's textile industry ASHOK KUMAR In Mumbai INDIAN tourists are now beginning to make their mark worldwide. But even as they shop prolifically, they are prone to buying apparel with the "Made in India" tag.
      FILE PHOTO  -  880 words
    • Article
      Lock icon BURSA MALAYSIA
      2311 13 VOl General Gxp 0.40 unch 126 Dec 30 Ml W- (POO) Genting 31.40 0.10 308 George Kent .0.60 0.03 167 ASM Realty 1.46 unch 0 GHLSystem All -0.01 3458 Abric -—.030 0.01 5 Globetronks Tech 031 -0.01 1425 ACPIndustries 0.65 0.01 5 GlomacBhd 0.99 -0.01 1001 Advance Synergy
      2,311 words
    • Article
      Lock icon India approves South Asian free trade pact
      425 13 Bloomberg [NEW DELHI] India's cabinet on Thursday approved the Jan 1 start date of the South Asia Free Trade Agreement, which is expected to boost growth in a region that's home to half the world's poor. "This is the first major step toward
      Bloomberg  -  425 words
    • Article
      Lock icon Union Bank to sell more shares in 2006
      366 13 Bloomberg [MUMßAll Union Bank of India Ltd, the country's sev-enth-largest lender, plans to sell additional shares early next year, raising funds to boost capital and expand lending, chairman Cherian Varghese said. The bank is awaiting approval from the stock market regulator for
      Bloomberg  -  366 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      1164 13 >AT^ NOTICES 101 l fit'c 1 a()() HW2 Fnt.nl nutii es"'"s|)hcom sq IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CEI ELECTRONICS PTE LTD REG. NO.: *****1088K) (INCORPORATED IN SINGAPORE) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at
      1,164 words
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      Lock icon Page 13 Advertisements Column 2
      384 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CIS-COMM SYSTEMS PTE LTD REG. NO.: *****2603W) (INCORPORATED IN SINGAPORE) At on Extraordinary General Meeting of the abovenomed Company duly convened and held at 608 Orchard Road, #06-18 The AtriumOOfchard S (*****1) on the 30 December
      384 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Asian stocks way ahead of US shares
      785 14 They make six times more gains; Korea, Japan and India lead the charge Bloomberg Reuter [SINGAPORE] Asian stocks posted annual gains six times those recorded by United States shares and among them, South Korea, Japan and India scored the strongest gains as investors
      Bloomberg; Reuter; REUTERS  -  785 words
    • Article, Illustration
      Lock icon Gold rally to continue into the new year
      503 14 Reuters [LONDON] Gold served up glittering returns this year as many funds and investors included it in their portfolios for the first time in years and analysts saw no sign of the rally fizzling out in 2006. Gold surged by a quarter
      Reuters; REUTERS  -  503 words
    • Article
      Lock icon M'sia stock index has 1st annual decline in 3 years
      185 14 Bloomberg [KUALA LUMPUR] Malaysia's main stock index fell on the last trading of 2005, capping its first annual decline in three years, on concern slowing earnings growth this year will extend into 2006. The Kuala Lumpur Composite Index closed the
      Bloomberg  -  185 words
    • Article
      Lock icon Sony BMG offers free music downloads to settle lawsuits
      257 14 LAT-WP [LOS ANGELES] Sony BMG Music Entertainment has offered free music downloads to as many 11 million customers to settle lawsuits over flawed copy-protec-tion software on compact discs, lawyers said on Thursday. The proposed settlement, submitted on Wednesday to the US
      LAT-WP  -  257 words
    • Article
      Lock icon Intel unveils new logo in brand overhaul
      396 14 Reuters [SAN FRANCISCO] Intel Inside is out. The world's biggest chipmaker said on Thursday it will scrap its 37-year-old "Intel Inside" logo as part of a major rebranding that will emphasise its shift away from its core PC business into consumer products. The
      Reuters  -  396 words
    • Article
      Lock icon Thaksin plays down TDRI warnings
      329 14 [BANGKOK] Thai Prime Minister Thaksin Shinawatra on Thursday played down a leading thinktank's warnings on the government's invitation to foreign investors, and vowed to make the economy stronger next year with a "dual track" economic strategy, the Bangkok Post reported. His response came just a
      329 words
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  • WORLD
    • Article, Illustration
      Lock icon What do Buffett, Deutsche, UBS and Citigroup have in common?
      816 15 They were wrong on the dollar this year, and remain bears for next year Bloomberg [NEW YORK] Billionaire investor Warren Buffett and the biggest banks in the currency market Deutsche Bank, ÜBS and Citigroup missed the dollar's rally in 2005.
      Bloomberg; BLOOMBERG FILE PHOTO  -  816 words
    • Article
      Lock icon US retailers pin hopes on early spring gift cards
      578 15 They are launching full-price spring clothes earlier to entice shoppers Reuters [LOS ANGELES] After a tepid holiday shopping season, US retailers are hoping that an earlier launch of fullprice spring apparel will attract shoppers with gift cards in hand and Jbreak
      Reuters  -  578 words
    • Article, Illustration
      Lock icon ART IMITATING LIFE, OR VICE VERSA?
      59 15 [MADRID] An undated image of a tableau by artist Evgeny Svyatsky who will be represented by the Knoll gallery at Madrid s 25th International Contemporary Art Fair (ARCO). The event won't get underway till Feb 9. but over2sogalleries from 31 countries will be exhibiting
      59 words
    • Article
      Lock icon Chicago's oldest restaurant to close after 107 years
      347 15 LAT [CHICAGO] Warmed by a heavy overcoat and decades of savoury memories, Shelton Latmer waited tearfully on Thursday outside The Berghoff. For more than 40 years, he has regularly stopped at the city's oldest restaurant for a platter of piping hot wiener
      LAT  -  347 words
    • Article
      Lock icon Hilton Hotels reuniting worldwide empire
      768 15 3.3b deal will pull together 2,800 hotels NYT [LONDON] Hilton Hotels agreed on Thursday to buy the international properties of the Hilton Group of Britain for £3.3 billion (559.5 billion), reuniting a business that was carved up more than 40 years ago. and setting the
      NYT  -  768 words
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  • MOTORING
    • Article, Illustration
      Lock icon GIVE WAY TO 2006
      1754 16  -  2005 has witnessed yet another bumper crop of COEs and some car distributors have ridden on that wave towards record sales. But how will 2006 turn out? SAMUEL EE asks Singapore's auto bosses what they would like to see for the industry in 2006 SAMUEL EE
      1,754 words
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  • GOLF
    • Article, Illustration
      Lock icon Wrapping up the year in golf
      973 17  -  JUSTINE MOSS writes on tournament-defining moments, ignominious career starts, and our wish list for the 2006 golfing year JUSTINE MOSS A LOOK back at the year in golf usually involves reminiscences about a few inspired, tournament-defin-ing moments, and 2005 was no exception. While astrologically
      REUTERS; AFP  -  973 words
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      Lock icon Page 17 Advertisements Column 1
      253 17 wine&dine withweekendßT Cafebiz fIHHr j Traders Hotel Lobby level. TeL6B3l 4374 Cafebiz offers exotic Asiin and local cuisine arid selections Ex^ctChta^fradSS"hand-made" noo*fle*tandoori (fishes and Chinese-style toasted meats. On weekends and public hofidays, Cafebiz offers a weekend brunch. Cafe De Amigo #08-38 Specialist Shopping Centre. Tel: *****238 Savour a bottle of
      253 words
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      393 17 Grand Hyatt Singapore lOSc&ttsßoad. TeL 6416 7114 Straits Kitchen presents a uniquely Singaporean cWng experierva from the Ounese.MalayandfndianJJveshoW kitchens. Open daily from 6.30 am to midnight Buffet lunch prices on Saturday! Sunday and public holidays are $3s+++ (adult) aid $22+++ (child from 5-12 years old) indushnof free flow of selected
      393 words
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      206 17 Breakfast daily 6am to 10.30 am Lunch: Monto Fri, 12pm to 2.30pm. High Tea: Sat Sun and public holidays, 12.30pm to spm. Dinner daily 6.30pm to 10.30pm. baffles Marina 10 Tuas West Drive. TeL *****288 You won't be able to resist our invitation to sink your teeth into our selection
      206 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Follow them
      1388 18  -  2006 begins tomorrow. To avoid getting caught wrong-footed on the fashion front, check out what the experts have to say when it comes to the hottest looks in the coming months. CORINNE KERK reports CORINNE KERK MAKEUP > F, < l *> -> < s < NORA Soho,
      1,388 words
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  • TRAVEL
    • Article, Illustration
      Lock icon Blue & white destinations
      1344 19  - Blue white destinations There are more than 90 Club Med destinations, including 10 in Asia, spread over 40 countries, making the 55-year-old company one of the largest hotel chains in the world. GEOFFREY EU makes back-to-back visits to two of them one in the middle of the Indian Ocean and
      GEOFFREY EU; BARRY EU  -  1,344 words
    • Article
      Lock icon New and improved
      290 19 WHILE the Club Med brand, which started in 1950 with the then-radical idea of fun-filled holidays for an all-in-one price, still stands for many of the original Club Med values friendly environment, outdoor activities and that happy Club spirit—it also has worked hard to shed its image
      290 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      364 19 CRYPTIC CROSSWORD 1 Forerunners of scientists? I class 1 1 1 1 1 1 P 1 1 them bogus (10) Mh Hfl |Hi 9 Dog in operation at airfield (4) WM BM MB MB M| I 10 Once again think about order since that needs to be changed 1 One
      364 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Casually enticing
      1761 20  -  The culinary year to come could offer Singaporeans some new less formal dining choices, says GEOFFREY EU GEOFFREY EU WHITHER the fine dining scene in Singapore in 2006? More like wither, it seems. As 2005 fades into the distance, along with the memory of countless $28 three-course set
      ARTHUR LEE/YEN MENG JIIN  -  1,761 words
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