The Business Times, 6 January 2006

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://btisiness-times.asialxom.sg MICA (P) 089/03/2005 Friday, January 6,2006
    15 words
  • 751 1  -  Rapid growth seen catapulting it into top spot in manufacturing contribution By CHEN HUIFEN [SINGAPORE] The output of biomedical science (BMS) companies is increasing so fast that the sector could soon replace electronics as the top component of Singapore's manufacturing base. Going by
    751 words
  • 597 1  -  By ARTHUR SIM [SINGAPORE] The number and value of Good Class Bungalows (GCBs) transacted hit a record in 2005, with 90 properties worth a total of $700 million changing hands. Property consultant Savills says its 2005 flash estimates for
    Source: Savills  -  597 words
  • 133 1 sn 2.403.75 (+19.61) ST INDEX FUTURES 2.408.00 (+20.00) siMsa 285.10 (+1.66) SIMSO FUTURES ***** (+2.70) MARKETS Thursday Chang* KLSECOMP 90&66 +9.53 NIKKEI 225 16.***** >63.83 HANG SENG 15.271.13 +71.07 SET INDEX 741JS -1.98 JAKARTA COMP U11.00 -0.70 MANILA COMP 2,150.93 +12.88 SEOUL COMP 1.395.51 -6*0 SHENZHEN B 209.86
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  • TOP STORIES
    • 537 2  -  SGX to develop syariah-compliant indexes with FTSE, Yasaar Research By SIOW LI SEN (SINGAPORE] THE Singapore Exchange (SGX) is expected to launch the world's first Asian syariah exchange-traded fund within six months. The fund, which comes in response to a growing appetite from
      BERITA HARIAN  -  537 words
    • 667 2 Giant Sentosa Cove site up for grabs soon DEVELOPERS keen on getting a piece of the action on Sentosa Cove will soon have a stab at the biggest site offered so far in the upscale housing district. BT understands that master developer/master planner Sentosa Cove Pte Ltd is
      667 words
    • 503 3  -  580,000 sq ft plot is slated for condos, retail development and a hotel By KALPANA RASHIWALA [SINGAPORE] Developers keen on getting a piece of the action on Sentosa Cove will soon have a stab at the biggest site offered so far in
      503 words
    • 539 3  -  SIA and Cathay Pacific deemed likely investors By SHOEB KAGDA in Jakarta INDONESIA is looking to sell a 49 per cent stake in state-owned airline Garuda Indonesia to help revive the debtridden carrier, but will also inject fresh funds into the airline.
      539 words
  • Page 2 Advertisements
    • 1060 2 NOTICE OF SIXTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Food Junction Holdings Limited ("the Company") will be held at Orchid Room, Level 2, River View Hotel Singapore, 382 Haveiock Road, Singapore *****9 on 27 January 2006 at 10.00 a.m. for the following purposes:
      1,060 words
    • 74 2 r v> 'v t v Sr* i K 'J*rmsi W «p W**.* >v HH *i 4| SfejfitiM *>-# *H0 *stfMfc TffOililßrlliiPH«tlg!BB i _■>_—JM-Jl_. >~v m y^^n§~'-PtSi pfWoUf uallK vOnOHi 9 v|c r )fl *an Jl the Busies Tfeye i 1 Ask for your complimentary copy of BT at any SPC
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    • 31 2 HOT IPO Attract more interest I from investors. Place your IPO notice i in oar newspapers, i Call 1800 289 8822 S or email notices@sph.com.sg. 4 -r J J'iH B6ATS NOTICES
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  • Page 3 Advertisements
    • 96 3 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. bali is respected as the number one luxury resort destination in asia. a unique boutique villa hotel style development, 5
      96 words
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    • 133 3 m m— s li I I! 3 J I luxury villas for sale sales gallery the oriental hotel boardroom 2, level 4 one day on ly Sunday Bth january, 10am to 6pm recent leading projects in bali have enjoyed a 100% capital appreciation of their land villa assets, as well
      133 words

  • COMPANY NEWS
    • 371 4  -  By ROLAND LIM FRESH from seeing its shares hit a 15-month high on Wednesday, flash memory drive maker Trek 2000 International yesterday announced that electronics giant Toshiba will be purchasing about 15.1 million Trek shares to raise its equity stake from 5.3 per
      371 words
    • 1001 4  -  Meanwhile, exec director Dunn defends share sale by his family firm By WONG WEI KONG THERE is no reason to hold an extraordinary general meeting (EGM) to remove directors and appoint new ones, Airocean founder, chief operating officer and acting chief executive Johnson Chong has
      Source: Bloomberg; FILE PHOTOS  -  1,001 words
    • 397 4  -  By RONNIE LIM SINGAPORE Petroleum Company is gearing up for increased production from its Indonesian oil and gas fields, starting with the expected first barrels from the Oyong field "very soon", sources said. SPC will likely see oil flowing from Oyong, in
      397 words
    • 624 4  -  HOCK LOCK SIEW By VEN SREENIVASAN COULD Singapore Airlines end up owning up to 49 per cent of Garuda Indonesia? Some industry insiders certainly seem to think so, amid rumours that the Indonesian government, which owns the airline, is poised to approach either Temasek
      AFP  -  624 words
    • 480 5  -  It wins deal from Golar, the largest independent LNG shipowner By MATTHEW PHAN KEPPEL Corporation through Keppel Shipyard has secured a $90 million contract to convert a liquefied natural gas carrier into a floating LNG storage and re-gasification unit (FSRU), a world first. Keppel Shipyard,
      480 words
    • 588 5 Reuters ST ENGINEERING Ltd, the world's largest aircraft maintenance firm and Singapore's main arms maker, may post slightly lower fourth-quarter net profit on Monday on lower defencerelated payments. But analysts say ST Engineering's 2006 earnings could rise as much as 15 per cent,
      Reuters  -  588 words
    • 267 5  -  KPMG recommends accepting offer of US$0.3862 a share By LESLIE YEE THE offer for Del Monte Pacific by NutriAsia Pacific is "fair and reasonable" from a financial point of view, the independent financial adviser to Del Monte's directors has told the board.
      267 words
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    • 18 4 eiac viniw jnciMitio> inywtofi Aiiooilon (Singapore) 12th January 2006,7.30pm Singapore Power Auditorium, 111 Somerset Road #02-01 Singapore *****4
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    • 30 4 f Get a Leading Edge J Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2062 Shipping Times
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  • Page 5 Advertisements
    • 262 5 Sony Ericsson in| mm 1:. ,4 i: -1 ■I -t 'i 1 SlSftfi V i L" 1 i ;.j 1. i•i- 1 j- I .1 T I i j •—r I '< t t 1 j }r: 1 1 j > 1 j- n£ti MM I Ifl 4-: r— 'I*'
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  • SINGAPORE MARKETS
    • 518 6  -  STOCKS In the second line, there was still residual but selective interest in the oil and gas sector and China plays R SIVANITHY Senior Correspondent THE banks and the Jardine group replaced Keppel Corp and property stocks as the main drivers of the Straits
      Source: Bloomberg  -  518 words
    • 752 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 5 and earlier) Subsantial No of Price SHAREHOLDING Shareholder/ Share! Nr »«for« < AH«* Stock Tram Date Director Sell [000 Shr> Electrotech 5-Jan-06 Low Hock Peng *Sell 20 0.57 13.705 1H2 LafeTech 5-Jan-06 Ho Wing-On *Buv 527 0.19 *****0 KM3
      752 words
    • 211 6  -  By CHEN HUIFEN QUEK Leng Chan's Guoco Group has raised its deemed interest in China Sky Chemical Fibre Co to 7.4 per cent from 5.01 per cent. The change comes about following a series of purchases in the open market
      211 words
    • Article, Illustration
      988 6  -  Compiled by UMA SHANKARI Jurong Technologies lan s dose: SIJB OCBC iNVESTMENT RESEARCH, Jan 5 SEAGATE'S acquisition may be a blessing in disguise. Previously, we had assumed a worst case scenario for jurong Technologies' (JTL) hard disk drive business and we reduced its HDD revenues to zero in FYO7F.
      Source: Bloomberg  -  988 words
    • 534 6  -  CURRENCIES LARRY WEE Senior Correspondent AHEAD of closely watched US jobs figures for December 2005, it was unmistakeably the turn of Asian currencies to hog the limelight as the US dollar slid further in Asian markets yesterday. Despite a marked absence of reported fatalities, US
      Source: Reuters  -  534 words

  • COMPANY NEWS
    • 394 7  -  It'll gain foothold in fast-growing sports lottery equipment market By AMIT ROY CHOUDHURY SINGAPORE mainboardlisted Multi Vision Intelligent Surveillance Ltd yesterday announced that it is buying an indirect 45 per cent stake in a point-of-sale (POS) systems supplier for sports lottery operations
      394 words
    • 239 7 Bloomberg [BANGKOK] Thai builder Property Perfect pel said yesterday that Fraser Neave Ltd has bought a 33 per cent stake in associated company Krungthep Land pel for 563 million baht (Ss23 million). Krungthep Land on Dec 29 sold 50 million new shares to
      Bloomberg  -  239 words
    • COMPANY BRIEFS
      • 163 7 AURIC Pacific Group through its wholly owned APG Strategic Investment Pte Ltd has acquired a near 29.9 per cent stake in Food Junction Holdings for $24.8 million. The stake which is just a whisker away from the takeover trigger point of
        163 words
      • 44 7 LEARNING services provider Informatics Holdings said its latest' rights issue was 1.68 times subscribed, allowing the company to raise net proceeds of about $18.9 million, before the exercise of the warrants and after deducting estimated issue expenses of about $700,000.
        44 words
      • 70 7 ENGINEERING group Tee International yesterday said its subsidiaries have won six contracts worth a total of $27.11 million from various parties, including the National University of Singapore. "To-date, the company has an outstanding order book of approximately $51.56 million for the Singapore
        70 words
      • 59 7 ADAMPAK yesterday announced that the proposed listing of its associate company Aident Berhad on the second board of Bursa Malaysia was unsuccessful. As a result, the two conditional share sale agreements it entered with Aident for the proposed restructuring of associated companies, Aident Corporation Sdn
        59 words
      • 57 7 ECON Healthcare Ltd's wholly owned subsidiary. Econ Healthcare (China), has entered into a shareholder agreement to acquire a 20 per cent stake in Boxuan Medical Equipment for US$717,000 in cash. Boxuan Medicaidquipment owns Zhuhai Boxuan Medical Equipment Co Ltd. a China-based company that
        57 words
    • 405 7 Reuters SINGAPORE microchip testing firm United Test and Assembly Center Ltd (Utac) yesterday said that firstquarter 2006 earnings would be "definitely better" than the year-ago quarter as demand for MP3 players and cellphones remains bullish. Utac became the world's fifth-largest chip testing and packaging
      Reuters; FILE PHOTO  -  405 words
  • Page 7 Advertisements
    • 159 7 For Sale by Tender Prime Commercial Development Site at Tampines Central 1 a aI DBS Tampines Centre Pavilion tpe I Prominent and visible frontage to Tampines MRT Station Tampines Ave 7' 9 Tampines MRT Station at the mjfiUm doorstep and Tampines bus M interchange a stone's throw away Tampines Bus
      159 words

  • SINGAPORE NEWS
    • 615 8  -  They say creative environment is essential to spur the industry By ROLAND LIM IN JUST one month, the digital media industry in Singapore has garnered more than $1 billion in commitment from the government over the next five years, a move welcomed by international digital
      615 words
    • 188 8 THE premium for a big car COE bounced back after the previous fortnight's plunge, but what was less widely expected was the weakness in the small car category. The first tender of the year for certificates of entitlement saw Category B for cars above 1,600
      188 words
    • SINGAPORE ROUNDUP
      • 68 8 SOME lanes will be closed this Saturday from 1 lam to spm because of an NTUC memorial service for former president C V Devan Nair. The affected lanes are one left-most lane of Shenton Way (in front of Singapore Conference Hall) and two left-most lanes
        68 words
      • 34 8 THE Esplanade Co Ltd has appointed Theresa Foo as its new chairman. She will work with the management on leading initiatives to further extend the centre's reach within the community.
        34 words
      • 58 8 SINGAPOBE'S first four-dimensional theatre, Sentosa 4D Magix, opened its doors to the public yesterday. It is equipped with a state-of-the-art Digital Projection DTS 6.1 Sound System. There are shows every half-hour from 1 Oam to 9pm (last ticket sold at 8.30pm) and tickets are priced
        58 words
      • 31 8 JTC Corporation has sold the land parcel at Pioneer Boad under a 30-year lease to Soilbuild Group Holdings Ltd for about $3 million.
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    • 155 8 SINGAPORK has been named the Financial Centra of the Future in The Ranker magazine's inaugural awards for financial centres. Singapore also came up tops in the Asia-Pacific category. The magazine said Singapore emerged tops because of "strong regulation and diversity of instruments and service
      155 words
    • 6181 8 UNIT TRUSTS FUNDS AIM Anro Aaaat Mgt (S'pora) Star Europe Eqty!" 0.892/ Star fur ope Bom U'2> Star i nope Bal. 1-165/ Star Asian Tiger Eqty 1166/ Star Asia Bond 1.327/ Star Asia Balancad 1.094/ Star Global Technology Fundi" 0.214/ MultiStFd 1.061/ Star Asia Bond/USD) 0-804/ Gib Mutti St USO
      6,181 words
    • 504 9  -  PROPERTY MARKET REVIVAL The Esquire at Mt Elizabeth is on the market again for almost $32m By KALPANA RASHIWALA EN BLOC activity continues to heat up in prime District 9, with the $45.2 million sale of Emerald Lodge in Emerald Hill Road
      FILE PHOTO  -  504 words
    • 424 9  -  By RONNIE LIM SHELL is drawing ever closer to a final decision on its planned US$l billion world-scale petrochemical cracker here. It said yesterday that it had awarded the basic design engineering package for the sole downstream, or secondary plant linked to
      424 words
    • 307 9  -  By UMA SHANKARI KICKING off an expected slew of coming residential projects this year are three freehold residential properties that will soon be on the market two in Katong and one in the Pasir Pan-jang-Clementi area. The two properties in Katong—The Esta and One
      307 words
    • 348 9  -  By ARTHUR SIM THE costs of operating a business in Singapore may have increased, but the upside is that this reflects an increase in demand for office space. The latest findings from DTZ Research's Global Occupancy Costs Survey show that occupancy costs in Singapore
      348 words
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  • Page 9 Advertisements
    • 143 9 I Get hooked... I I I I Hp Ri iiis( ynut p-itri t fr.uiit ot YVolt to tho most <-ih h.mtiiMj I luillktiit v unscts jihl tmints. kit fj(.ility you could .vish tot |ust min ty /-Mo CHAKIGI kissed nights Wlm-u- vo u i .in so.ik in utt down tin
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  • ECONOMY WATCH
    • 1164 10 Last fall, only half as much US dollars flowed into country as a year earlier NYT [HONG KONG] After several years of pouring huge amounts of money into China, speculators have abruptly stopped doing so, somewhat reducing the pressure for the Chinese to revalue
      NYT  -  1,164 words
    • 297 10 AFP [BEIJING] China's textile industry recorded an estimated 20 per cent year-on-year increase in revenues, profits and exports in 2005 despite trade disputes and the yuan's appreciation, state media said on Wednesday. The estimates from the China Chamber of Commerce for
      AFP  -  297 words
    • 430 10 AP [TOKYO] Hopes were high for Japan's economic resurgence at a New Year's party for corporate executives yesterday at a time when profits are rebounding, consumers are spending and stock prices are at five-year highs. For the first time in years, the mood was positively
      AP  -  430 words
    • 566 10 Copper touches new high; precious metals also rally Reuters [LONDON] Industrial metals prices are performing strongly at the start of the year as investors and consumers have rushed to take advantage of a brief dip in prices, pushing copper to
      Reuters  -  566 words
    • 239 10 Bloomberg [NEW DELHI] A panel of Indian ministers proposed the simplification of overseas investment norms to reduce the procedures required for government approval. The proposals, which cover various industries, will now go to the cabinet for action, Trade Minister Kamal Nath told reporters
      Bloomberg  -  239 words
  • Page 10 Advertisements
    • 637 10 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF IPACS TECHNOLOGY PTE LTD (Registration No. *****2700E) STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES I, GOH CHIN HOE of c/o 5 ANG MO KIO STREET 62 NCS
      637 words

  • MALAYSIA/INDONESIA
    • 526 11  -  Anonymous e-mail says,among other things, that he was paid RM7,250 a day By S JAYASANKARAN in Kuala Lumpur A FOREIGN consultant allegedly paid RM7.250 a day by hard-pressed Malaysian Airline System has resigned in a move that could signal a more uncompromising
      526 words
    • 152 11 Reuters [KUAI.A LUMPUR] Malaysian conglomerate Sime Darby Bhd has secured the franchise to import completely assembled BMW vehicles, including the Mini brand, from Jan 1, the company said yesterday. Sime has been appointed as the importer and supplier of the vehicles to BMW Malaysia Sdn
      Reuters  -  152 words
    • 2439 11 VOl Jan 5 RM W- (*000) ASM Realty 1 46 unch 2 Abric .0.32 0.02 56 ACP Industries 066 0.01 175 Advance Synergy .0.24 0.02 373 Adventa 037 unch 186 AE Multi .0.28 -0.02 229 Affin Hldgs 1.58 0.02 550 Ahmad Zaki Res 1.16 unch 12 AlCCorp 1.14
      2,439 words
    • 482 11  -  Bank could seek order to sell 3 sites placed as security By PAULINE NG in Kuala Lumpur PROPERTY investor and developer Lien Hoe Corporation has defaulted on the payment of principal and interest on RM14.86 million (556.5 million) it borrowed from
      482 words
    • BRIEFLY ASIA
      • 91 11 Bernama [KUAIA LUMPUR] Four brokers have applied to Bank Negara Malaysia for investment bank status. They are Avenue Securities, ECM Libra, Hwang-DBS Securities and PM Securities. ECM Libra has paid an initial deposit of RM2O million (SsB.7 million) as part payment of a total contribution of
        Bernama  -  91 words
      • 80 11 Reuters [HONG KONG] Indonesia's third-largest mobile phone company, PT Excelcomindo Pratama, will begin marketing a dollar-denominated bond next week, a source familiar with the deal said yesterday. The promotional tour would be held in Singapore on Monday, before moving to Hong Kong and London on Tuesday
        Reuters  -  80 words
      • 82 11 Reuters (BEIJING] Sinopec Corp, China's largest refiner, has won government approval to build a US$3.l billion petrochemical complex in the north-eastern port city Tianjin, the China Daily newspaper reported yesterday. The project, which is slated to be completed by 2008, includes a one million tonne
        Reuters  -  82 words
      • 88 11 Bloomberg [JAKARTA] Citigroup Inc. Credit Suisse First Boston and ÜBS AG are among 11 overseas banks invited by Indonesia's government to manage the planned sale of dollar-denominated bonds this year, a government official said. "We expect the banks to submit their proposal to the
        Bloomberg  -  88 words
      • 125 11 Bloomberg [NEW DELHI] India plans to start the National Rural Employment Guarantee programme aimed at improving incomes and reducing poverty in villages on Feb 2, the government said. The jobs plan will entail an expenditure of 100 billion rupees (553.7 billion) for the two
        Bloomberg  -  125 words
  • Page 11 Advertisements
    • 2337 11 >AT^ NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF HOLLAND LEEDON PTE. LTD. (In Members' Voluntary Liquidation) (Company Registration No. *****0033H) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 5
      2,337 words

  • GREATER CHINA
    • 629 12 Fresh govt rules on foreign ownership pave way for influx of overseas capital Bloomberg [SHANGHAI] China's plans to let foreign investors buy strategic stakes in listed companies may spur a revival of the nation's US$32O billion stock market by drawing in more overseas capital, said
      Bloomberg; REUTERS  -  629 words
    • 508 12 [BEIJING] China's securities regulator announced a new policy on Wednesday allowing mainland-listed companies to grant employees stock options as part of continuing stockmarket reforms, the South China Morning Post reported. The policy is intended to speed up non-tradable share reform by allowing only companies
      508 words
    • 407 12 It overtakes Volkswagen to grab top spot Bloomberg [BEIJING] General Motors Corp's China sales rose 35 per cent to a record last year as discounts and a wider model range attracted buyers, helping the company take top spot from Volkswagen AG in the world's
      Bloomberg  -  407 words
    • 325 12 [HONG KONG] Listing candidate Lingbao Gold, China's second-largest gold miner, has extended the frenzy for new share sales into the new year with brokers estimating the offer could soak up at least HK$6O billion (5512.8 billion) in cash, the South China Morning Post
      325 words
    • 235 12 Bloomberg [TAIPEI] Taiwan plans to abolish the ceiling for public companies investing in China provided they meet certain requirements in a bid to help strengthen their competitiveness, the top financial regulator said here yesterday. Currently, 37 listed Taiwanese companies have already exceeded the proportion of
      Bloomberg  -  235 words
  • Page 12 Advertisements
    • 1139 12 :*ATci 00 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF HE XING ENGINEERING PTE LTD (In Creditors' Voluntary Liquidation) Reg. No. *****0991 M urn-ice of final meeting NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50, the
      1,139 words

  • INDIA
    • 88 13 [TANGMARG, Kashmir, India] A Kashmiri child standing in a snowdrift yesterday in this village, some 40km north ofSrinagar. Officials say that some 6-9 feet of snow has accumulated on the road to the ski resort of Gulmarg making it difficult for vehicular movement. The breakdown of
      AFP  -  88 words
    • 551 13 FOREIGN FORAYS Aim is to bypass patents by varying drugs' composition; method of delivery Bloomberg [NEW DELHI] Dr Reddy's Laboratories Ltd, India's third-biggest drugmaker by sales, is seeking acquisitions in the US to make branded medicines similar to those protected
      Bloomberg  -  551 words
    • 258 13 It's one of seven bidders for bydropower unit [MUMBAI] In its first atrpt to take over a foreign pany, Tata Power is in talks with German giant Siemens for acquisition of its hydropower business in Austria, reports the Business Standard. Confirming
      258 words
    • 141 13 Reuters [MUMBAI] India's state-run Indian Oil Corp Ltd (IOC) and partner Oil India Ltd are close to acquiring a 90 per cent stake in an exploration block in Gabon for a total cost of US$l.2 billion, an Indian newspaper reported
      Reuters  -  141 words
  • Page 13 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 507 14 Boom is likely to attract further investment from US-listed casino companies Reuters [SINGAPORE] Casino revenues in Asia will increase 20 per cent to US$l3 billion in 2006, driven by the strong growth of Macau's gaming industry, according to a report by Las
      Reuters  -  507 words
    • 411 14  -  Analysts see more pressure against policy tightening By ANTHONY ROWLEY in Tokyo THE Bank of Japan yesterday took the unusual step of denying media reports that it plans to monitor bank lending to the real estate sector as part of a strategy
      411 words
    • 154 14 Reuters [HANOI] Intel Corp, the world's largest microchip maker, is seeking to build a US$6O5 million plant in Vietnam to produce chips and computer parts, a government official said yesterday. The application, which would make Intel Vietnam's first major foreign investor in the field, was under
      Reuters  -  154 words
    • 423 14 LATEST US DATA Bloomberg, Reuters Reuters [WASHINGTON] US service industries expanded at a faster pace last month as job growth and rising incomes gave Americans the means to increase their spading. The Institute for Supply Management's index of financial services, construction,
      Bloomberg, Reuters; Reuters  -  423 words
    • 484 14 Reuters [SEOUL] The South Korean won jumped to an eightyear high yesterday, prompting the authorities to call an emergency meeting today on ways to curb the strength of the currency, which could hurt the country's exports. The currency alarm comes as data is
      Reuters  -  484 words
    • 394 14 Reuters [DUBAI] The man who transformed Dubai from a dusty Gulf city into a glitzy metropolis took over as ruler of the booming emirate yesterday, succeeding his elder brother who died on Wednesday. The UAE's defence minister and world-renowned racehorse breeder Sheikh Mohammed bin
      Reuters; REUTERS FILE PHOTO  -  394 words
    • Article, Illustration
      476 14 Clipper Ventures Round-the-Worid Yacht Race. Leg 4, Race s,Days THE light winds to the north-west of Australia have started to take hold properly now; with boats' 12-hour runs dropping from 110-plus nautical miles to less than 80. This is good news for the boats farther south, with the Glasgow
      Clipper Ventures  -  476 words
    • 149 14 PRIME Minister Lee Hsien Loong has sent his condolences to United Arab Emirates on the unexpected death of its vice-president and prime minister Sheikh Maktoum Bin Rashid Al-Maktoum. "On behalf of the government of Singapore, I would like to convey my deepest condolences to you and the
      149 words
  • Page 14 Advertisements
    • 443 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PWC CONSULTING HOLDINGS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****6493W NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 8 Cross Street 11-00 PWC Building Singapore *****4 on the
      443 words

  • WORLD
    • 607 15 It imposes US$50m penalty against McAfee, files criminal charges NYT [NEW YORK] The Securities and Exchange Commission (SEC), trying to put several years of angry battles behind it, announced on Wednesday an agreement on principles governing when the commission will impose financial penalties on
      NYT; AP Photo  -  607 words
    • 279 15 NYT [ALABAMA] A judge here ruled on Tuesday that the former chief executive of Health South, Richard M Scrushy, must repay his former company more than US$47.B million in bonuses. The ruling was returned by Judge Allwin E Horn 111 of Jefferson County Circuit
      NYT  -  279 words
    • 310 15 Rivals come up with varying prices as they tout their own products Reuters [LOS ANGELES] Warring factions in a battle for control of next-generation DVDs on Wednesday unveiled products at wildly varying prices, reflecting their views on what it takes to jumpstart a
      Reuters  -  310 words
    • 510 15 But M'soft makes strides in digital media centres AP [LAS VEGAS] Rival Google Inc may be nipping at its heels, but Microsoft Corp was not flashing any defeatist signs as it showcased its latest plans to help make living in the digital world easier,
      AP; REUTERS  -  510 words
  • Page 15 Advertisements
    • 1212 15 Mgp >AT-^ NOTICES In The Matter Or The Companies Act, Cap. 50 And In The Matter Of TRli-TECH ELECTRONICS PTE LTD Notice of Creditors' Meeting Pursuant To Section 2* Of The Companies Act, Cap. 58 NOTICE is hereby given that pursuant to Section 2* of the Companies Act, Cap. 58,
      1,212 words

  • AVIATION
    • 314 16 Project on track to start this year despite review of technical issues AP [NEW DELHI] The Indian government is re-evaluat-ing some technical aspects of its plan to use private companies to modernise the country's two main airports, but an official said the project is
      AP  -  314 words
    • 303 16 Bloomberg [CHICAGO] United Airlines, the world's largest carrier in bankruptcy, said it has fixed a computer glitch that delayed 200 flights and 20,000 customers on Tuesday in a second disruption of passengers within a month. About 6 per cent of the carrier's 3,400
      Bloomberg  -  303 words
    • 295 16 Bloomberg [CHICAGO] Hartsfield-Jack-son Atlanta International Airport handled more flights than any other airport in the world last year, surpassing Chicago's O'Hare International Airport for the first time in five years. Hartsfield, the busiest airport by passenger volume since 1998, had 980,197 take-offs and
      Bloomberg  -  295 words
    • 183 16 Reuters [SAN FRANCISCO] An airline passenger with the words "suicide bomber" written in his journal was arrested when his plane arrived in San Jose, California, on Wednesday, but the words appeared to refer to music and he was later released, officials said. 4 A male was
      Reuters  -  183 words
    • 183 16 Bloomberg [NEW DELHI] Sahara Airlines Ltd, India's second-biggest non-state airline, offered free tickets to passengers forced to spend the night at the airport in the northern city of Lucknow because fog prevented planes from taking off. "We are offering to each
      Bloomberg  -  183 words
    • LOG BOOK
      • 57 16 AFP Singapore Airlines (SIA) yesterday said it will begin services to Abu Dhabi in March, its second destination in the United Arab Emirates alongside existing flights to Dubai. SIA will be the only carrier operating between Abu Dhabi and Singapore, with three
        AFP  -  57 words
      • 102 16 AFP [SINGAPORE] Air traffic for Asia-Pacific airlines posted its slowest monthly rise for 2005 in November, expanding by a mere 1.2 per cent year-on-year to 10.6 million passengers, the Kuala Lumpur-based Association of Asia Pacific Airlines (AAPA) said yesterday. In the first 11
        AFP  -  102 words
      • 82 16 Reuters [SYDNEYI Australian budget airline Virgin Blue Holdings Ltd yesterday said November passenger traffic rose by 8.6 per cent on a year ago after slowing capacity growth and introducing a frequent-flyer points programme. Revenue passenger kilometres rose by 8.6 per cent in November, said
        Reuters  -  82 words
      • 80 16 Bloomberg [LONDON] Ryanair Holdings Pic, Europe's largest low-cost airline, flew 29 per cent more passengers in December than a year earlier as the carrier added routes and flights. Dublin-based Ryanair served 2.8 million passengers last month compared with 2.2 million in December 2004,
        Bloomberg  -  80 words
    • 512 16 Bloomberg [CHICAGO! Northwest Airlines Corp's largest union on Wednesday objected to the company's effort to eliminate almost half its members' jobs to cut costs in bankruptcy. The International Association of Machinists GAM), which represents 15,000 bag handlers, customerservice agents, stock clerks and
      Bloomberg; AP  -  512 words
    • 529 16 gn ruwT —m—mfgr —no ttaDhaH IYWBA 12U mi n w m UmtUkid SOWS 0115 —'H MTm WrS 86 mm ism mm mm OSSm UAJ95 2355 —UAW 0M5 mi ili2 *m *i& —$35T18r™^ -23TO DSnSft W70C-ZJ5C jhww M588 1910 W588 M05 i$fi A***** 1745 SQlM 900 %ai
      529 words

  • SHIPPING
    • 1420 17  -  US report also cites inadequate safety practices onboard S'pore-flagged chemical tanker By DONALD URQUHART [SINGAPORE] Failure to follow proper safety guidelines and serious cultural distrust onboard were cited as key factors behind the explosion and sinking of the Singapore-flagged Bow Mariner
      1,420 words
    • 881 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR A CHARTERER that listed only a general "info@xxx" e-mail address in the Lloyd's Maritime Directory could not later claim that an e-mail sent to that address to serve notice of arbitration was ineffective, an English court ruled last month.
      881 words
    • 332 17 Bloomberg [SINGAPORE] Neptune Orient Lines Ltd, Evergreen Marine Corp and nine other shipping companies expect "stronger first quarter" demand to transport Asian goods to the US, where record volumes have been moved in the last four years. The shipping lines, which account for
      Bloomberg  -  332 words

  • EDITORIAL & OPINION
    • 520 18 EDITORIAL IS Jakarta serious about selling strategic stakes in its state-owned enterprises or are such sales done on the basis of expediency, only to be regretted later? Does the government have a clear and consistent policy on privatisation? These are the kinds of questions
      520 words
    • 1018 18  -  Companies must, among other things, develop solutions on issues specific to the region By DOMINIC BARTON, SIMON CY WONG A WELL-FUNCTIONING board of directors can be good for the bottom line companies perceived to be well-governed will gain the confidence of shareholders, customers and other
      ST FILE PHOTO  -  1,018 words
    • 774 18  -  THE BOTTOM LINE ANDY MUKHERJEE Bloomberg JUST when it looked like India had found a way to modernise its decrepit airports, squeamish bureaucrats and stubborn politicians discovered new tactics to derail the plan. It was clear to policy makers that privatisation was inevitable
      Bloomberg  -  774 words
    • 1369 19  -  After all, at stake is a whopping US$50 trillion capitalised value of the excess that all importing countries pay By JAYANTA SEN THE major economic story of 2005 was probably the escalation of petroleum prices. Beginning an ascent from US$l2 per barrel in
      BLOOMBERG  -  1,369 words
    • 1587 19  -  By MARK LANDLER AP THIS is the year that the world's major economies will have to learn to live without easy money. The Federal Reserve has already significantly tightened monetary policy in the US. The European Central Bank raised interest
      AP; REUTERS  -  1,587 words


  • 10438 20 SGX MAINBOARD Transaction date: Jan 5 52-Wk Tet last Vol Day Last Quota GrOtv M> GrYM Nat MCa> High Low Coda Company Sala fOOO) High Uw» 8uyr Utm Cvr W <■ 7.5 2 5716 1st Software 5c 2.5 unch 100 2.5 2.5 2.5 3 10.1 22 6 3148
    10,438 words

  • 6135 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local am In SI m UJ5 dy %r *®lf r d r Un4 IndM Owna« Own— Chao«» Ovingi Cl'«rg« ih«ngii Watt Index Prefrninaq 9851 07 155 tit 116 1J 107 tEAfE Preliminary 9S02 15 287 14 167 JL® li? Europe Preliminary *****
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  • Page 22 Advertisements
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  • Page 23 Advertisements
    • 1556 23 WANHAi MTKNATIONALPTI LTD a m 14******000/1 TEL *****5U (14 INS) FAX: *****161 \KI \AIAIJ A I I INEC CmMmtSarvto/loofctagiD6vdLkw• (1100)*****200 IffMll IIMI LlllkJ miiimaMiMMiimsMinimwiiMiiiiiwwbiNiMMf V** joHiiiiv)isiMnMXi»msiMiMii:ini)atM»Miiim)a«m4/»iJH l i JtllKlll) 5M4114 FAX: |B1) JB47NFUI*: 714N1/*****1 WtnUT* www.wmwi.fm.ig »IK;|Dtl)4H7mwHo>l)«H*Wi/«mw p,Taia I WAN HAI ?3I N073 03/01 04/01 Ot/OI 07/01 111/01 TUG-12/01 13/01
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    • 1060 23 W Jff HKUOW IMC KYH fUS VBStl VOY T JKT SUI HKG USD WIS HYVLADIVOSTOK 170S IVI 14/1 It/1 21/1 W\ 25/1 25/1 KMKSIW6APOK SIIS 1/1 11/1 12/1 17/1 21/1 22/1 HY WOMBS 107S It/I 21/1 24/1 21/1 30/1 1/2 1/2 KMTC JAKAKTA MIS 15/1 11/1 I>/1 24/4 21/1 29/1
      1,060 words
    • 636 23 WEEKLY EXPRESS BAIUNG SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WEBTERN ICDfftINTS 1 .VKSa I VOT |sm I FJOAMqI COLOMBO llt SHEVA I COLOMBO I |.r—| 1 ALSO ACC7TMG Kl TO COCHW. TUTKOtW (VIA COLOMRO) AM KAMLA t 00*1 {VIA N SHIVA) CONMCTMG MOTHBt VSLS TO EUROPE (FUXSTOWI ROTTHOAMI
      636 words

  • Page 24 Advertisements
    • 774 24 ONordano (Asia) Pie lid EEEZEE2? 70 Slwt— Way, *21-03 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATS ARE AIHVAI DATES VESSEL VOY Shin on Tublli CwwMjgd (htffef hhri PerirCedi kland Express lE6OI Otiwi 16 Jon 2$ Jon 21 Jw 03 Fib Islond Express 1E602 04 Mi
      774 words
    • 1021 24 Vissa VOY gt P6U VBSE VOT SM JKT PACIAWDA 1430N 25/12 24/12 NCM" 4W 02*1 IBfll ssum wr urn nm ggy gg -Sn PMIAMOA mm 27/12 27/12 pmmhpa ZIE a/12 azi2_ -&B?* SS Iffi -KS Of 2301 821K a/12 */H g£ Jvol MKIANM l&a 2SZI2 2®Zl2_ KMU 4*n ~26?0i wssa
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    • 698 24 BSA iL e !fSHHSfcKIS?arSTBB I^^Br 0 MYANMA ■BR FIVE STAR UNE (MyoMiar Notional Übo) Loodiag for Yang on vtssa vot SIN PKI PEN PGU OHN SHWE HAW 90W 06/01 PAGAN 34¥W SU> IN MALAYSIA: OOUSTEAD SHIPPING AGENCIES KIR/PKL 03-*****360 PIN: 04-*****1S ACCEPTIH6 CONVENTIONAL C6O VESffl VOT HUG SM PKL KOI
      698 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 8042 25 This ETA ETA Adratfccr Vessel Voyage Telephone SIN Dest'n Name Name Neater Nmfeer To ABIDJAN (ABJ) 2003 Cote D'lvoire 14/01 08/02 Del mas D€LMA5 KERGUELEN 608W *****344 16/01 21/02 China Shpg DAXIN 159W *****898 18X11 15/02 Deimas FLORA DEIMAS 609W *****344 26/01 07/03 China
      8,042 words


  • ARTS/EPICURE
    • 1045 27  -  ART Atul Dodiya's works reveal his fearlessness in experimenting with techniques, concepts and content. He talks to PARVATHI NAYAR about the influences that have shaped his art PARVATHI NAYAR EVERYTHING has its time, and the time for Indian art is now: it is crossing geographical
      YEN MENG JIIN  -  1,045 words
    • 279 27  -  FOOD By PARVATHI NAYAR TODAY is the Feast of Epiphany the day of the Three Kings Caspar, Melchior and Balthasar, who followed the star to Bethlehem and presented the Christ child with gold, frankincense and myrrh. In the French tradition, this day is celebrated
      ARTHUR LEE  -  279 words
    • 1186 27  -  WINE By N K YONG BUYING smart is about sensible buying for one's pleasure as well as for return on investment, tangible and intangible. Smart buying is not about cheap buying it is about knowing what, when and how to buy for optimum It
      1,186 words
  • Page 27 Miscellaneous
    • 124 27 CRYPTIC CROSSWORD 26 TT (3,3) Zto 3 4 Car--27 Where to find beer for re- 2 Where to find signs of sav- 5 Petitions that might inter- amel, 5 Aloe, 6 Suspend, 7 Dilturning teachers? (3) j n g? (8) est a person involved? (15) ettanti, 8 Arctic Wolf, 12
      124 words

  • ENTERTAINMENT
    • 516 28  -  FILM By PARVATHI NAYAR THE movie can be described as a mishmash of Unfaithful meets Fatal Attraction meets Bonfire of the Vanities; in other words, when a man contemplates being unfaithful to a good woman, the tiniest wrong turn can escalate into,
      516 words
    • 577 28  -  FILM It's a quiet film that shuns easy resolutions and loud comic situations, says GEOFFREY EU GEOFFREY EU THE trouble with being a ladies man in your youth is that the past invariably catches up with you. "Sometimes, life brings some strange surprises," begins a letter
      577 words
    • 497 28  -  FILM By JAIME EE ELIZABETHTOWN is a movie for different tastes. If you've been feeling suicidal lately, watch it because then you'll realise how embarrassing all those feelings of self-pity can be. If you're an Orlando Bloom fan, there's plenty to look at since he's in practically
      497 words
    • 362 28  -  DVD By PARVATHI NAYAR EARTHSEA. a three-hour miniseries designed to please the hearts of fantasy lovers a huge fan base is also well-timed to profit from the present cinematic interest in all things fantastical. What's more, Earthsea comes with a good literary
      362 words
    • 543 28  -  MUSICAL By JONATHAN YUEN BROADWAY history is about to be made on Monday when The Phantom of the Opera becomes the longest-running show in Broadway history. Its 7,486 th performance on Jan 9 will shatter the record (7,485) held by Cats, which was also written by
      543 words
  • Page 28 Advertisements

  • COVER STORY
    • 1906 29 ANEW year brings with it new experiences not the least of which are new countries and places to discover. But with many Singaporeans being generally welltravelled, where can they go in 2006 that they can boast about at the next chichi dinner party? The hottest destination or should
      1,906 words

  • executive lifestyle
    • 572 30  -  off the cuff jaime ee HAPPY New Year. I had expected it to be fairly uneventful the only major item on my agenda being to check all the Chinese New Year decorations in town to ensure that the God of Fortune "hat" they used
      572 words
  • Page 30 Advertisements
    • 86 30 desire 250 YEARS OF UNINTERRUPTED HISTORY... r /jli lOk PATRIMONY I "^> AOe Hand-wound mechanical movement. mm i iiipw Ml ll' Hallmark of Geneva, Apertured caseback Roman ...DEDICATED TO PERFECTION VACHERON CONSTANTIN Manufacture Horlogere. Geneve, depuis 1755. Vacheron Constantin Boutiques Singapore: Ngee Ann City Malaysia: Kuala Lumpur Plaza Authorised Retailers
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    • 23 30 I ARTS SCORE CARD Keep your investors informed by advertising your financial results In our newspapers. Call 1800 289 8822 or email notices^sph.com.sg.
      23 words