The Business Times, 10 January 2006

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Microfilm: NL26567
Total Pages: 26
1 26 The Business Times
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  • TOP STORIES
    • Article, Illustration
      Lock icon Global funds upbeat on equities, commodities
      616 2  -  They expect the two assets to give highest returns this year, says survey By MATTHEW PHAN [SINGAPORE] Global investment managers say public and private equities and commodities will give the highest returns in 2006, according to a Mercer Investment Consulting survey released yesterday. Broadly,
      AFP  -  616 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      698 2 Soros salivates over China stocks' valuation LEGENDARY hedge fund manager George Soros is salivating over China. The country "reminded me of the kind of under-developed financial markets in which I used to do very well," he told some of Singapore's top brains in the finance industry yesterday. "It
      698 words
    • Article
      Lock icon HK moves to tap outflow of capital from M'sia
      579 2  -  Tax exemption plan for offshore funds a major draw: official By PAULINE NG in Kuala Lumpur HONG KONG'S capital markets are hoping to land a sizeable chunk of Malaysian funds headed overseas. Frederick Ma, the territory's Secretary for Financial Services and
      579 words
    • Article
      Lock icon MARKETS DIGEST
      137 2 sn 2,425.99 (+5.25) ST INDEX FUTURES 2,429.00 (+4.00) siMsa ***** (+0.80) SIMSa FUTURES 288.90 (+2.00) MARKETS Monday Chang* KLSECOMT >13 JO +2.13 NIKKEI 225 Owd HANG SENG 15,547.43 +202.99 SETINOIX 762.26 +14.82 JAKARTA COMP 1,245.05 +22.81 MANILA COMP 2,151.15 +17.36 SEOUL COMP 1,408.33 -4.45 SHENZHEN B 219.50 +5.86
      137 words
    • Article, Illustration
      Lock icon Soros: China is making my mouth water
      658 3  -  It reminds him of underdeveloped markets in which he did very well By TEH HOOI LING [SINGAPORE] Legendary hedge fund manager George Soros is salivating over China. The country "reminded me of the kind of underdeveloped financial markets in which I used to
      YEN MENG JIIN  -  658 words
    • Article
      Lock icon OCBC seen announcing stake in Ningbo today
      473 3  -  It'll be first S'pore bank with interest in China bank By SIOW LI SEN [SINGAPORE] OCBC Bank is expected to announce today that it has taken a stake in China's Ningbo Commercial Bank, some five months after it was first reported to be
      473 words
    • Article
      Lock icon S'pore banks may be paying price for taking slow boat to Chirm
      614 3  -  HOCK LOCK SIEW With a liberalised financial market by year's end, the best opportunities may have already gone By WONG WEI KONG SINGAPORE banks hoping to tap the China market could be in danger of missing the boat.
      614 words
    • Article
      Lock icon Bank of China wins key approval to launch HK IPO: sources
      317 3 Reuters [HONG KONG] Bank of China (BOC), the country's second-biggest lender in which Singapore investment company Temasek Holdings has a 5 per cent stake, has won approval from the State Council to launch a US$6-US$B billion Hong Kong IPO
      Reuters  -  317 words
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      Lock icon Page 3 Advertisements Column 1
      99 3 prosperity and happiness in 2006.1 look a mechanism to quantify, measure and vljL|S^Mgjjsk forward to Singapore's economy growing manage time and help us set specific goals K' at a steady rate, as shown by the promise to be achieved in specific time frame. The quarter of 2005. A steady growth
      99 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon STE's Q4 profit rises 3%, full-year figure up 12%
      613 4  -  All core businesses posted higher sales; analysts see up to 15% rise in '06 net Reports by WONG WEI KONG DEFENCE conglomerate Singapore Technologies Engineering (STE) kicked off the corporate reporting season yesterday with fourth quarter earnings that slightly exceeded market
      FIIE PHOTO  -  613 words
    • Article
      Lock icon STE keen on acquiring SIA Engineering
      346 4 SINGAPORE Technologies Engineering (STE) said yesterday it would, be interested in acquiring SLA Engineering Company (SIAEC), the aircraft maintenance arm of Singapore Airlines (SIA). "On the surface, it looks complementary. There is no reason for us not to take a serious look if the
      346 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5809 4 UNIT TRUSTS FUNDS AM tan AM Mgt (S'porc) Star Ei*ope Eqty!** 0899/ Star Eirope Bond 1221/ StarEuropeBal ***** Star Asian Tiger Eqty 1.183/ Star Asia Bond 1323/ Star Asia Balanced 1.096/ Star Global Technology Fund!" 0227 Mult) St Fd 1j061/ Star Asia BondlUSD) 080* GbMulliStUSD 1.133/ Asia Bond FdA 97.19/
      5,809 words
    • Article, Illustration
      Lock icon Pearl Energy set to step up oil production
      414 5  -  It expects more barrels to come from its Indon fields in next few months Reports by RONNIE LIM EXPLORATION and production company Pearl Energy whose Jasmine field in the Gulf of Thailand has been its biggest find so far expects to roll
      FILE PHOTO  -  414 words
    • Article
      Lock icon S'pore mulls floating LNG storage concept
      466 5 SINGAPORE, which is considering building a liquefied natural gas (LNG) terminal, has also looked at the concept of a floating LNG storage and re-gasification unit (FSRU) a prototype of which is being built by Keppel Shipyard for a foreign client, sources said. But factors
      466 words
    • Article
      Lock icon Federal to get $13.44m capital injection
      258 5  -  Nod from SGXfor placement of 42m shares to two Indon investors By OH BOON PING MAINBOARD-listed oil and gas-related Federal International is set to receive a fresh capital injection of about $13.44 million from two Indonesian investors, which may see them controlling about a
      258 words
    • Article, Illustration
      Lock icon Airocean shares see robust trading volumes again
      509 5 SHARES of controversyridden Airocean made the top volume charts again yesterday, extending the trading hype that surrounded the counter last week. On a day which saw healthy trading volumes all round, 14.7 million Airocean shares changed hands making it among the most active
      509 words
    • Article, Illustration
      Lock icon Creative shares start new year on a recovery path
      607 5  -  BY LEE KIM SIANG CREATIVE Technology shares which were the worst performer on the Straits Times Index (STI) last year appear to be on a recovery path, if trading in the new year so far is anything to go by. But
      607 words
    • Article
      Lock icon Sampoerna ups Kiani Kertas bid by US$31m
      399 6  -  It secures agreement from largest creditor to buy stricken firm By SHOEB KAGDA in Jakarta INDONESIA'S Sampoerna family upped its bid for pulp and paper company PT Kiani Kertas by US$3l tnillion and secured an agreement from the company's largest creditor to buy
      399 words
    • Article
      Lock icon UOB and BNP Paribas launch Income Star Fund
      275 6  -  Payouts linked to performance of six blue chips By UMA SHANKARI UNITED Overseas Bank (UOB) and BNP Paribas Asset Management Singapore yesterday launched the Income Star Fund which offers an attractive guaranteed fixed payout of 5 per cent at the end of
      275 words
    • Article, Illustration
      Lock icon SingTel seen as likely buyer of Shin Corp
      755 6 Thaksin family's controlling stake valued at US$1,6b Reuters [BANGKOK] Rumours that the family of Thai Prime Minister Thaksin Shinawatra will sell its controlling stake in the telecoms group he founded are being kept alive by analysts and investors despite the firm's repeated
      Reuters; REUTERS  -  755 words
    • Article, Illustration
      Lock icon Utac shares hit 20-month high on profit hopes
      461 6 Bloomberg SHARES of United Test Assembly Centre rose to their highest in 20 months on optimism that the demand for computer chips used in music players and mobile phones will boost testing services and the company's earnings. Shares of Singapore's second-largest provider
      Bloomberg; FILE PHOTO  -  461 words
    • COMPANY BRIEFS
      • Article
        Lock icon Designs tudio expects to pos§jsmaller loss
        63 6 DESIGN Studio Furniture Manufacturer Ltd yesterday warned it will remain in the red for the year ended Dec 31,2005. But the group is expecting the loss for FY2005 to be lower than for the previous year. It is trying to improve its profitability by
        63 words
      • Article
        Lock icon JPMPYPS sells off all its Yellow Pages stake
        42 6 JPMP YPS Holdings S.a.r.l ceased to be a major shareholder of Yellow Pages (Singapore) after it rid its entire 8.47 per cent to nought. The entire 13.38 million shares were sold on Dec 20,2005.
        42 words
      • Article
        Lock icon HK Land's MCL offer now unconditional
        79 6 HONGKONG Land Holdings announced yesterday that the takeover offer made by its wholly-owned subsidiary HKL (Morpheus) for Singapore-listed residential property developer MCL Land had become unconditional. Yesterday, Jardine Strategic Singapore tendered its acceptance of the offer for its stake of about 40.8 per cent.
        79 words
      • Article
        Lock icon Two firms discontinue Informatics claim
        78 6 INFORMATICS Holdings said yesterday that KS Consultants Pte Ltd and Kim Seng Holdings Pte Ltd have discontinued their High Court claim against the company. "KS Consultants shall remain a master franchise for the territory of Hainan," added Informatics. Meanwhile, Cheah Hon Kuen has ceased to
        78 words
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      Lock icon Page 4 Advertisements Column 1
      36 4 Allianz Global Investors one of world's top five asset management groups AlliatlZ (fij) with more than US$l.45 trillion' of assets under management. Global investors Sunlit!. Watsun vV V an As 3! !>-. rmnn k»4 company no *****7169Z
      36 words
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      Lock icon Page 5 Advertisements Column 1
      106 5 *j. MM €fiir HH^^p I 1I w pits-' i'l .1 lull I >>ii Ilu I'.ihl Niilippr j mMIi in r K< t 11 v> I JfO? *1* will ili.iniH- I lu- Ii nu I.> all i ollf ol 'I (line /I MU'S Mm I c 1., »f PATEK PHILIPPE .miii.m
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      1220 6 WATS NOTICES NAM LEE PRESSED METAL INDUSTRIES LIMITED (Co. Reg. No. *****0362 M) (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Nam Lee Pressed Metal Industries Limited ("the Company") will be held at 31 Senoko Drive, Senoko Industrial Estate Singapore *****6 on Wednesday, 25 January
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      Lock icon Page 7 Advertisements Column 1
      432 7 Maybe it's time you took a closer look at your IT security. r* Protect precious data. Preserve peace-of-mind. easy to use, highly accurate and harder to forge than other systems. If there's even the smallest gap in your IT security system, someone will find it. In an The übiquity of
      432 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Investors now focus on growth
      484 8  -  STOCKS STI chalks up tenth day of gains, reaching its highest close in six years for the fourth consecutive day TEH HOOI LING Senior Corespondent THE Singapore Straits Times Index chalked up its tenth day of gains yesterday, and reached its highest close in six
      Source: Bloomberg  -  484 words
    • Article, Illustration
      Lock icon TRADES TO WATCH
      757 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 9 and earlier) Subsantial No of Price SHAREHOLDING Shareholder/ Buy/ Shares Per Before After Stock Trans Date Director Sell '000 Shr> COOP) 0000) Trek 2000 6-Jan-06 Henry Tan *Sell ***** 0.53 *****4 3&10 *****1 34.31 Sarin 6-Jan-06 Eyal Avraham Khayat
      757 words
    • Article
      Lock icon Trek CEO's share sale to Toshiba at around 53 cents
      201 8  -  By ANGELA TAN FLASH memory driver maker Trek 2000 International Ltd's chief executive officer Henn Tan sold in the open market a 5 per cent stake in the company, paring his stake from 17.09 per cent to 12.09 per cent.
      201 words
    • Article, Illustration
      Lock icon BROKERS'TAKE
      912 8  -  Complied by MATTHEW PHAN United Test and Assembly Center Jan 9 dose: 84 cents MORGAN STANLEY EQUITY RESEARCH. Jan 9 UTAC is primarily a semiconductor test service provider to fabless. wafer foundries and integrated device manufacturers. Principal operations are in Singapore, with expertise in testing DRAMs and Mixed Signal
      Source: Bloomberg  -  912 words
    • Article, Illustration
      Lock icon Yen soars; Japan's officials stay calm
      473 8 CURRENCIES Reuters [LONDON] The yen hit its highest in three months against the dollar and gained sharply versus the euro yesterday on signs that the Japanese authorities seemed comfortable with the pace of its rise so far this year. The Japanese currency was also
      Reuters; AFP  -  473 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Three feedback groups unveil their ideas
      407 9  -  Recommendations include those that aim to make S'pore a SME hub Reports by UMA SHANKARI THE government asked for public feedback and it has received it in plenty. Recommendations vary from setting up a government body to consolidate all resources available to SMEs, to
      407 words
    • Article, Illustration
      Lock icon Still tough for SMEs to get funding
      262 9 DESPITE recent survey findings that funding is becoming less of a problem for SMEs, the government's feedback unit said yesterday that obtaining finance to fund expansion and daily operations remains a challenge for local businesses. A recent survey by DP Information Group, a
      FILE PHOTO  -  262 words
    • Article, Illustration
      Lock icon BIG BABY
      202 9 SINGAPORE Night Safari, the world's first night zoo and winner of six Singapore Tourism Awards for Best Leisure Attraction Experience, has successfully bred a giant anteater baby the first in South-east Asia. Wildlife Reserves Singapore the parent company of Night Safari. Singapore Zoo. and Jurong Bird Park announced
      FILE PHOTO  -  202 words
    • Article
      Lock icon Sei Woo buyout complete
      99 9 STANDARD Chartered Private Equity Ltd (SCPEL) has completed a management buyout of Sei Woo Technologies, a supplier of customised rubber products with revenues of around $60 million. This transaction has also allowed the founding family to partially exit their shareholding, while introducing a new controlling group
      99 words
    • Article
      Lock icon Chan Soo Sen on six-day Shandong visit
      260 9  -  By LEE KIM SIANG MINISTER of State for Education and Trade and Industry, Chan Soo Sen, is currently on a six-day visit of Shandong, China, during which four deals are expected to be clinched. During the visit, he will witness the signing ceremonies
      260 words
    • Article, Illustration
      Lock icon Businesses more optimistic about economy
      298 9  -  By OH BOON PING BOSSES of medium-size firms have grown more upbeat about the economy this year, with Singapore one of the three most optimistic countries in the region. The Grant Thornton International Business Owners Survey covered about 150 of Singapore's medi-um-size enterprises those with
      Source: Grand and Owness Survey  -  298 words
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  • SMEspotlight
    • Article, Illustration
      Lock icon Innovation: lifeblood of any healthy organisation
      1721 10  -  Singapore wants to be an innovative society that creates wealth through proprietary knowledge. But just what is innovation? CHEN HUIFEN gathers some views CHEN HUIFEN Q: An observer once said that innovation here tends to be linked to cost efficiency. Do you agree with
      FILE PHOTO  -  1,721 words
    • Article
      Lock icon Portfolio rakes in gains in new year
      363 10  -  By TEH HOOI LING DECEMBER and January are generally good months for stocks. And. indeed, last month, and so far the first month 0f2006, have lived up to expectations. Compared with Dec 12 when we last published our small cap portfolio, it has
      363 words
    • Article, Illustration
      Lock icon MFS Tech set to post sterling Q1
      495 10  -  SMALL CAPS By OH BOON PING CONTRACT manufacturer MFS Technology may be a small cap company, but its earnings may well set some record highs in the first quarter of this year, some analysts reckon. Last Friday, the company had also said that
      Source: Bloomberg  -  495 words
    • Article, Illustration
      Lock icon Weighty issue of market share
      1432 11  -  Last week, we looked at how an SME can be caught by the provisions of the Competition Act. This week, KALA ANANDARAJAH examines the issue of how market share is determined and highlights available exemptions and justifications KALA ANANDARAJAH THE first article last week discussed
      REUTERS  -  1,432 words
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      296 11 International Enterprise Forum (IE Forum) is Asia's premier event on internationalisation that brings together today's most respected thought leaders and entrepreneurs to shed light on the strategy of bringing local businesses to the world. IE Forum 06 will feature some 30 renowned speakers including international business guru, Ram Charan. Speaking
      296 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon New data shows faster China growth
      566 12 GDP growth in 2004 revised from 9.5% to 10.1%; 2003 growth revised to 10%, up from 9.5% AFP [BEIJING] China announced yesterday a further revision of economic data following a major upgrade last month, with the new figures showing the booming country grew even
      AFP; REUTERS  -  566 words
    • Article, Illustration
      Lock icon IMF chief asks China to take more steps on currency flexibility
      631 12 Reuters [BASEL] China needs to take further steps to loosen its currency regime, the International Monetary Fund's chief said on Sunday as top central bankers met on the outlook for emerging markets in 2006. Asian countries are worried that
      Reuters; FILE PHOTO  -  631 words
    • Article
      Lock icon Still 'some way to go' on Japan's consumer prices: Fukui
      365 12 Bloomberg [BASEL] Bank of Japan governor Toshihiko Fukui said that there's still "some way to go" after the first increase in consumer prices in two years, suggesting the bank will wait before reducing the amount of cash it pumps into
      Bloomberg  -  365 words
    • Article
      Lock icon Influx of petrodollars keeps US economy afloat
      876 12 Strong returns prompt Opec nations to buy up US stocks and bonds Bloomberg [WASHINGTON] Rising prices for imported oil haven't grounded the US economy because many of the dollars flying out of the country have a return ticket. International investors, flush with petrodollars,
      Bloomberg  -  876 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia ill prepared for monsoon havoc
      538 13  -  INDONESIA INSIGHT SHOEB KAGDA Jakarta Correspondent FOR the past week or so, heavy rains have lashed much of Indonesia, causing deadly flash floods and landslides in central Java and, now, chaos in Batam city. Apart from the loss of lives some 136 people have
      REUTERS  -  538 words
    • Article
      Lock icon Penang says no to casino in Pulau Jerejak
      199 13 [PENANG] The state of Penang is sticking by its original plan to develop Pulau Jerejak as an eco-tourism destination and with no casino in mind, The Star reported. State Tourism Development and Environment Committee chairman Teng Chang Yeow said the issue of
      199 words
    • Article
      Lock icon M'sian shares close 0.23% higher
      153 13 AFP [KUALA LUMPUR] Malaysian share prices closed 0.23 per cent higher yesterday as institutional funds cautiously tried to "catch up" with a firmer region as sentiment was supported by gains on Wall Street, dealers said. The ringgit has been firming against the US dollar and
      AFP  -  153 words
    • BRIEFLY ASIA
      • Article
        Lock icon China bank official on bribery trial
        82 13 Reuters [BEIJING] A former vicepresident of China's Agricultural Development Bank went on trial yesterday on charges of bribery and embezzlement involving more than 12 million yuaa(Ss2.4 million), the official China Securities Journal said. Yu Dalu, 52, was being tried by the Beijing No 1
        Reuters  -  82 words
      • Article
        Lock icon Lippo China to inject cash into bank
        63 13 Reuters [HONG KONG] Lippo China Resources Ltd, an investment unit of Lippo Ltd, said yesterday it will inject HK5179.4 million (5537.8 million) cash into Export and Industry Bank Inc of the Philippines. The move will boost Lippo China's stake in the commercial bank
        Reuters  -  63 words
      • Article
        Lock icon Morgan Stanley's Zhu to join Bain Capital
        63 13 Reuters [HONG KONG] Morgan Stanley's China chief executive, Jonathan Zhu, will join Boston-based private equity firm Bain Capital LLC after 11 years with the Wall Street giant, bankers familiar with the situation said yesterday. Mr Zhu's departure has spurred speculation that Wei Christianson,
        Reuters  -  63 words
      • Article
        Lock icon Hutchison's 3G unit in Italy to list in Q1
        69 13 Reuters [HONG KONG] Li Ka-shing, chairman of ports-to-telecoms conglomerate Hutchison Whampoa Ltd, said Hutchison's 3G mobile phone business in Italy will be listed in the first quarter of 2006. The Milan listing of 3 Italia, which is expected to raise up
        Reuters  -  69 words
      • Article
        Lock icon Hopes up for Federal Bank's Ganesh buy
        36 13 Reuters [MUMBAI] India's central bank moved quickly yesterday on a proposal by mid-sized private sector Federal Bank to buy troubled Ganesh Bank, raising hopes for a quick closure. —Reuters
        Reuters  -  36 words
    • Article
      Lock icon Tenaga may sell stake in Perlis power plant
      367 13 The 20% stake in TTPC could fetch Tenaga at least RM3OOm [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia's biggest power producer, may sell its 20 per cent stake in a Perlis power plant if it receives an attractive offer, Malaysia's Business Times paid,
      367 words
    • Article
      Lock icon Tradewinds to boost oil palm landbank
      295 13 [KUALA LUMPUR] Tradewinds Plantations Bhd, which already owns 6,000 ha of oil palm estates in Kalimantan in Indonesia, plans to boost its landbank there by at least sevenfold to between 40,000 ha and 50,000 ha, says Malaysia's Business Times. This will cost between RM2S
      295 words
    • Article
      Lock icon BURSA MALAYSIA
      2341 13 VOL jm< m w- rmm ASM Realty 1.46 unch 0 Aboc.:. .034 unch 611 ACP Industries .0.67 0.01 4 Advance Synergy .0.23 unch 177 Adventa .0.29 unch 0 AEMutti 339 0.01 158 AffinHldgi 1.59 0.01 346 AhmadZakiRes 1.21 0.04 25 A)C Corp 1.15 0.01 «4 Air Asia 1.65
      2,341 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Former UMC chairman accused of breaking law
      503 14 He is charged with breach of trust and violation of business accounting law Bloomberg [TAIPEI] Robert Tsao, who resigned yesterday as chairman of United Microelectronics Corp (UMC), has been indicted by Taiwan prosecutors for breaking laws when forging an alliance in China for
      Bloomberg  -  503 words
    • Article
      Lock icon CNOOC buys stake in Nigerian field
      510 14 THIRST FOR OIL Strong share performance expected on US$2.3b acquisition Reuters [SINGAPORE/HONG KONG] CNOOC Ltd is to pay US$2.3 billion for a stake in a Nigerian oil and gas field, marking the latest overseas acquisition by a state-run Chinese major oil company keen to
      Reuters  -  510 words
    • Article, Illustration
      Lock icon Need for India and China to cooperate on energy: minister
      429 14 Bloomberg [NEW DELHI] India's Oil Minister Mani Shankar Aiyar called on China to cooperate on jointly bidding for oil fields overseas to prevent rivalry between the world's fastest-growing major economies from making acquisitions too costly. India, which has designated 2006
      Bloomberg  -  429 words
    • Article, Illustration
      Lock icon DOGGED PROTEST
      62 14 [HONG KONG] Hundreds of demonstrators some carrying their dogs took part in an "Anti-animal Abuse and Respect Life" march here on Sunday to demand the government and police thoroughly investigate ongoing animal abuse, and tougher laws and stiffer punishments for better protection to animals. Several animal abuse cases
      REUTERS  -  62 words
    • Article
      Lock icon China's regulators may allow listed firms to sell shares
      305 14 First step towards lifting suspension on new IPOs Reuters [BEIJING] Chinese regulators will consider allowing listed firms to sell shares as a first step towards lifting its suspension on new IPOs in domestic markets, but no timetable has been set, state
      Reuters  -  305 words
    • Article
      Lock icon Air India, Indian Oil to lead extension of stock sales
      650 14 Bloomberg [SINGAPORE] Air India Ltd and Indian Oil Corp will be joined by Indian Airlines, the domestic carrier, Shipping Corp of India Ltd, Power Grid Corp of India Ltd, National Aluminium Corp and Indian Railway Finance Corp in tapping stock
      Bloomberg  -  650 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Buyout firms aim for bigger buys
      539 15 They have raised US$115b, are joining forces to target larger firms Bloomberg [NEW YORK] Leveraged buyout (LBO) firms have raised US$ll5 billion for acquisitions and they, led by Blackstone Group and Kohlberg Kravis Roberts Co (KKR), are teaming up to buy bigger companies. Takeover
      Bloomberg  -  539 words
    • Article
      Lock icon China, Japan hold talks on disputed oil reserves
      291 15 Reuters [BEIJING] China and Japan held informal talks yesterday about how to develop oil and gas resources in disputed areas of the East China Sea, one of several sources of tension between them, but agreed only to meet again. Chinese foreign ministry
      Reuters  -  291 words
    • WORLD WATCH
      • Article
        Lock icon Paramount may sell DreamWorks film library
        87 15 Bloomberg [LOS ANGELES] Paramount Pictures, which last month agreed to buy Dream Works SKG, is in exclusive talks to sell Dream Works' library of films to George Soros's buyout fund, a source said. Soros Fund Management may seek partners to help finance the purchase,
        Bloomberg  -  87 words
      • Article
        Lock icon Trader inflates profits
        84 15 AFP [LONDON] Deutsche Bank has suspended a London-based trader pending a disciplinary hearing this week after he allegedly inflated profits by at least £30 million (5586.6 million), reports said yesterday. Anshul Rustagi, who was suspended last month when the alleged inflation of his trading profits was uncovered,
        AFP  -  84 words
      • Article
        Lock icon Adecco bids for DIS
        72 15 Bloomberg [GENEVA] Adecco SA, the world's largest provider of temporary workers, offered to buy Deutscher Industrie Service for 636 million euros (551.25 billion) and plans to give Dieter Scheiff, the German company's CEO, the top job. Adecco, based in Glattbrugg, Switzerland, said it would pay 54.50
        Bloomberg  -  72 words
      • Article
        Lock icon New bid for Guidant
        88 15 NYT [NEW YORK] After pouring over Guidant's confidential fmancial records for more than a month, Boston Scientific said on Sunday that it would make a formal, binding bid worth US$25 billion in cash and stock for the company. The offer is expected to set off a
        NYT  -  88 words
      • Article
        Lock icon iPod ports on Chrysler cars
        52 15 Bloomberg [NEW YORK] Apple Computer said DaimlerChrysler agreed to provide connections for its iPod digital music players on most 2006 models. Ipod connectivity will be available for US$l75 plus installation on more than three million Chrysler, Jeep and Dodge vehicles starting this model year, it
        Bloomberg  -  52 words
    • Article
      Lock icon Trump's casino firm gets its houses in order
      397 15 AP [ATLANTIC CITY, New Jersey] For want of a vacuum cleaner, the guest room carpets at Trump Plaza Hotel Casino stayed dirty. For want of a dollar, Trump Taj Mahal couldn't add a hotel tower like its competitors did. For want of
      AP  -  397 words
    • Article, Illustration
      Lock icon Small car is slowly making a comeback in US
      380 15 AFP [DETROIT] Higher petrol prices have Americans giving smaller cars a long second look, but the new taste for downsizing is all relative in a country that often embraces a "Bigger is Better" mantra. All but bumped off the map in
      AFP; AP  -  380 words
    • Article
      Lock icon US banks seen posting lacklustre Q4 results
      536 15 Volatile interest rates and increased credit losses cited Reuters [NEW YORK] Many big US banks may post lacklustre fourth-quarter results, hurt by volatile interest rates, increased credit losses and a slowdown in mortgages, analysts said. Larger banks, including those with big non-US operations,
      Reuters  -  536 words
    • Article, Illustration
      Lock icon HOMECOMING
      329 15  -  Round-the-World Yacht Race. Leg 4, Race 5, Day 9 Clipper Ventures THERE'S not a lot of wind out there, and even the whales are not taking much notice of things, as shown by this great photo taken from New York on Sunday. This is a pod of sleeping whales,
      329 words
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  • AVIATION
    • Article, Illustration
      Lock icon Air France-KLM posts 12% rise in passenger traffic
      407 16 Bloomberg [TOULOUSE] Air FranceKLM Group, Europe's biggest airline, said passenger traffic rose 11.9 per cent in December on higher demand for flights to North America and Asia. The load factor, or proportion of seats filled, increased 2.1 percentage points from a year
      Bloomberg; BLOOMBERG  -  407 words
    • Article
      Lock icon Qantas launches non-stop Sydney-Beijing service
      139 16 AFP [SYDNEY] Australian flag carrier Qantas yesterday launched a new non-stop service between Sydney and Beijing. Qantas would initially operate three flights a week to Beijing and expected to offer daily flights to both Beijing and Shanghai within two years, said executive general manager John
      AFP  -  139 words
    • Article
      Lock icon Macquarie buys biggest airport trolley operator
      335 16 Aussie investment bank sees potential for long-term growth in Smarte Carte Bloomberg [SYDNEY] Macquarie Bank, Australia's largest investment bank, agreed to pay US$27O million for airport luggage trolley business Smarte Carte Corp, adding to its airline and toll-road operations in the US. Smarte Carte,
      Bloomberg  -  335 words
    • Article
      Lock icon EasyJet founder denies he is close to selling airline
      389 16 Bloomberg [LONDON] Easy Jet pic founder Stelios Haj£-loannou said he is not close to selling the 40 per cent stake he and his family hold in the discount airline. Sunday Times reported thateasy Jet will hire Goldman Sachs Group Inc to
      Bloomberg  -  389 words
    • Article, Illustration
      Lock icon SIA urged to keep up vigilance
      559 16  -  Airline had a good '05 but challenges remain: chairman By VEN SREENIVASAN SINGAPORE Airlines (SIA) had a successful year, adapting well to the changes in the airline industry. But the airline has to keep up its vigilance and remain nimble as it forges ahead,
      FILE PHOTO  -  559 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      921 16 qrr 1— 1 Bi UaMuM KSOU 1725 TO i?S i|| j| mmwm m liir »p f§ o/y> ■■■#i»lr j Cm* Nan ***** 0705 GB MRH 1910 MBH 0905 CA403 0S*P~ a w mm tth 1 m 1% jm «K TTIIIMI UAI95 2355 UAB96 0645 QnEW SQ352
      921 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      187 16 CRYPTIC CROSSWORD 2 Antiquated, so allowed to be rest break (12) YESTERDAY'S SOLUTION held in honour (8) 14 A card cheat may be so de- Across- 1 Mimic 4 Horseman 8 3 Transport for a small charge (5) Settling, 9 Huntress, 11 Athirst, *13 „V u 16 Two birds seen
      187 words
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  • SHIPPING/TRANSPORT
    • Article, Illustration
      Lock icon East Asian yards top in civilian shipbuilding
      337 17 South Korea, Japan and China account for 80% of ship orders worldwide AFP [PARIS] Three East Asian countries account for 80 per cent of the non-military shipbuilding orders worldwide, dominating in particular production of container and cargo ships, oil tankers and bulk carriers.
      AFP; FILE PHOTO  -  337 words
    • Article, Illustration
      Lock icon Greenpeace says ship collision won't stop whaling protests
      457 17 AFP {SYDNEY] Greenpeace activists vowed yesterday to fight on against a Japanese whaling fleet in the icy waters of the Antarctic despite what they called a deliberate ramming of their ship. The Japanese captain has, in turn, accused Greenpeace of intentionally causing
      AFP  -  457 words
    • Article
      Lock icon Ports, harbours closed as cyclone nears Australia
      452 17 AFP, AP [SYDNEY] More than 1,500 people were evacuated and ports and oil production platforms were closed yesterday as Western Australia's Pilbara region braced for the arrival of Tropical Cyclone Clare, officials said. The State Emergency Service (SES) issued a red alert for
      AFP,; AP  -  452 words
    • Article
      Lock icon London tube strike shuts dozens of stations
      225 17 AP [LONDON] Commuters yesterday faced disrupted journeys to work because of a strike by thousands of the city's subway station workers. Members of the Rail, Maritime and Transport Union began a 24-hour walkout at 6.30 pm on Sunday in a dispute over work
      AP  -  225 words
    • Article
      Lock icon TRANSPORT STOCKS
      283 17 Jan9 SS W- Vol CH Offshore OJS unch 292 Chuan Hup _......3.41 0.01 2683 Cocco Corporation.. ...237 0.04 25S2 CWrDstnbobon 0J0 -0.02 100 EznHldp 1j61 Ml 1092 Fretghtunks 036 -0.01 149 Grand Banks Yacht -036 unch 0 JayaHoMngt 136 unch 23S K1 Ventura 034 unch 4566 Kappei Corp
      283 words
  • Page 17 Advertisements
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      36 17 j Get a Leading Edge m Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2062 HHHHHHHHHHHHHHHHHHHIIHiHiHIHHHIHHIHIBHiiiIHiiI Shipping Hmes jnirniivi iiiviamJ MM I <••••' 1
      36 words
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  • EDITORIAL & OPINION
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      Lock icon Which way US interest rates?
      549 18 EDITORIAL OUTGOING US Federal Reserve chairman Alan Greenspan used to say that he worries he may be too clear with his statements. However, last week, he needn't have worried too much after the minutes to December's Federal Open Markets Committee meeting were released, markets seem
      549 words
    • Article, Illustration
      Lock icon Arroyo aims to make sure history won't repeat itself
      688 18  -  THE BOTTOM LINE AL LABITA Manila Correspondent EMBATTLED Philippine president Gloria Arroyo may have survived the opposition's onslaught to oust her, but the lingering.question now is: How long can she cling on to power? Veiled threats to topple Ms Arroyo for
      688 words
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      Lock icon Sharon's stroke big blow for Bush's Mid-East plan
      1000 18  -  The peace process in the Holy Land was the one thing appearing to go right in the region LEON HADAR Washington Correspondent WASHINGTON'S Middle East project suffered another blow last week after Israeli Prime Minister Ariel Sharon suffered a severe stroke. It
      AFP FILE PHOTO  -  1,000 words
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      Lock icon All-news channels see mushrooming growth
      1508 19  -  Falling price of new technology puts global influence within easy reach By DOREEN CARVAJAL International Herald Tribune THE competition 9tares dead straight into Ulysse Gosset's eyes every moment he sits at his cluttered desk at temporary headquarters near the glassy Seine. Three yards away flickers
      International Herald Tribune; AFP; REUTERS  -  1,508 words
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      Lock icon Europe comes to terms with its dependence on Russian gas
      1058 19  -  By MARK LANDLER NYT PRESIDENT Vladimir Putin's decision to switch off Russia's natural gas spigot to Ukraine on New Year's Day is being widely judged a ham-handed miscalculation, because in the end it only proved how much Europe was prepared
      NYT; BLOOMBERG  -  1,058 words
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  • Article
    Lock icon SINGAPORE STOCKS
    10390 20 SGX MAINBOARD Transaction date: Jan 9 S2-WV T«i UM Vol Day Lift Quota GrDtv Dtv GrVW Nat MCap High Low Coda Company Sala rooo) HWi low 8uyr Cw HI >3 7.5 2 5716 1st Software 5c 3 +0.5 210 3 2.5 2.5 3 12.1 22 6 3148 8Telecom
    10,390 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6035 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tatecu» muss dy r «iy r <*v %yr J«n6 Indw Ourtgt O>»no« Q>w>q» OxnQ« Q>»»|f Chang* Wo.ldlntoPtel.mmar, 992 J J 4 164 03 120 07 11.6 UMMnmy 9B9LO M 15 tt I7J 1J W Eurcoe Preliminary ***** 05 2*2 07 12.7 U PJ
    6,035 words
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  • Page 22 Advertisements
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      1021 22 We offer fully containerised service I I I m m connecting the world: U UUd Vded i cated Europe, Hast West w w Mediterranean/Russia-Black Sea/Latin I I America/South Africa/ I 'Australia/New ll\/ 0 Zealand/Hawaii/Mexico/lntra-Asia I I■ Jt TOCUS6v For complete/specific schedule WE ARE MORE THAN JUST A LINER COMPANY information,
      1,021 words
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      Lock icon Page 22 Advertisements Column 2
      623 22 VBsa/yor tartn) hbgwtpu wc kch 10 aw jw STWrnVOTUK 01/06 IS 3.2 12/01 14/01 siwm vtimjtt 02/06 is u 23/01 26/01 31/01 03/02 05/02 STOmVEWUB 031/06 I IS I 3J 07/02 10/02 SUUW/073 50 4i IHI/12 20-21/12 01-01/01 034)3/01 OS4JS/0I 07-07/01 11-11/01 17-17/01 I*-1»/01 22-22/01 CoUNttUl£Ai)a/0» 30 4i 10-10/01 23-23/01
      623 words
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  • Page 23 Advertisements
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      1018 23 vf j WE CARRY WE CARE WAN HAI LINES LTD, having the most intensive -Jfo tf and complete service networi for ocean carriage, ajMa^^^f||f[;f-- nH* from Asia-Pacific to Mid-East, U.S West Coast, w Europe expanding continuously throughout every iyKHfIyUBHQK\ spot in the world; providing the most efficient j* f- WmM&£
      1,018 words
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      Lock icon Page 23 Advertisements Column 2
      1030 23 ffSffi. HffMßWMliroiHg VBSa VOY V Jff SU» HKG ush wis wrumm 171s 12/1 14/1 19/1 ?i/i a/i g/nyi vikiwxu tois 15/1 i«/i 19/1 24/4 21/1 29/1 HYHO6ESS 107S 19/1 21/1 29/119/1 31/1 1/? In MKPUSAII WIS 22/1 25/1 31/1 4/2 9/2 KESSa WT SM «A JEA ffSSfl WT SO Htt
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      Lock icon Page 23 Advertisements Column 3
      706 23 (S> ,£J<3ISTA, WEEKLY EXPRESS SAILING SCHEDULE I ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS I vma I VOT I SW 1 Majuglcoiomo IN. SWVA 1 COiOWO I I I 1 I I I I I ALSO AOPTMG KI 10 COCMI TUTKOtM (VIA aXOMO) AND UMU I 00*1 CM
      706 words
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      6449 24 This ETA ETA Adyartinr VmwI Voyag* Tshplwie SM 0«fa Nmm Nmm Mmbtr ttaakar jMWMWMMWHtWBMMMMHMgMMMBMHBBBMWMBBMBMWHWWWWWWWHWI To ABIDJAN (ABJ) 2003 Cots D'lvoire 18/01 15/02 Mm* FLORA DELMAS 609W *****344 19*11 21/02 China Shpg NEW DYNAMIC 104A *****898 26/01 07/03 China Shpg CMACGMK0M000 SX207W *****698 27/01 22/02
      6,449 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      389 24 VOY SjN PGU VtSSE VOT SM JKT P»C »AMDA 1630H ***** 26/H MtMU 51g ff/Oj CSf 2301 0217P 26A2H 28/12 Jg g/° -gffi—PACIAMDA IMIH 27/12 27/12 ||S ??fl PAC lAMDA IM2M 21/12 2SZI2— -wror i§T Kfl -Tttgr— CSf 2301 5115? 2SZI2 W/l? KcmSam —8S 21$ !/o PAC lANDA 1633N 3fiZl2
      389 words
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      Lock icon Page 24 Advertisements Column 2
      435 24 I vff4f! v6Y lm 1 SIN I KABA6II I px» 1 SAS I NHS I PMM SIR I KHOB RAN KAASAfI KL 1117 12/01 Ts7ol ***** M7OT 26/01 01/02 05/02 I 08/02 IRAN KOBMSTAN Kl 1114 17/01 SKIP 27/01 2S/01 03/02 06/02 09/02 MAN IHAMBYAB W. SI IS 22/01 23/01
      435 words
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      Lock icon Page 24 Advertisements Column 3
      330 24 BSA o MYANMA FIVE STAR UNE (Myonmar National Lint) Loading for Yang or Vissa VOY SIN Pitt KM PGU CHM SHWt HAW 90W SID PAGAN 349W SID IN MAUYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-300 SOU PEN: 04-2*33 CIS JHA ACCEPTING CONVENTIONAL CBO Vtssa VOY HKG SIN PKL KOI TH ITU
      330 words
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  • PROPERTY
    • Article, Illustration
      Lock icon MCL's 400-unit Esta condo in Katong 50% sold
      357 26  -  Sales made during last week's preview; prices average $690 psf By KALPANA RASHIWALA MCL Land has sold nearly half or about 200 of the 400 units in its Esta freehold condo in Katong last week during a preview. The average price is
      357 words
    • Article
      Lock icon Pontiac Land seeks $200m loan for Sentosa hotel
      390 26 Bloomberg [SINGAPORE] Pontiac Land Group, a Singapore-based property developer, is seeking a loan of about $200 million to build a hotel on Sentosa, a resort island south of the city, said bankers who have been asked to lend the money. Pontiac Land,
      Bloomberg  -  390 words
    • Article
      Lock icon Cheung Kong, Sino submit bids for venture with MTR
      292 26 Bloomberg [HONG KONGI Billionaire Li Ka-shing's Cheung Kong (Holdings) Ltd and Sino Land Co were among the companies who tendered yesterday for a property project with MTR Corp, Hong Kong's governmentcontrolled subway operator. The spokeswoman for Cheung Kong, Wendy Tong Barnes,
      Bloomberg  -  292 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      272 26 Prime Residential Redevelopment Site, in District IS-Amberville at Marine Parade Road 99 years leasehold (subject to approval for lease top-up) Site area 20,293.1 sq m (218,435 sq ft) J •MP 2003 Plot Ratio of 2.8 -449 Wide frontage spanning 249 m with IS unobstructed sea view Direct access to pedestrian
      272 words
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      Lock icon Page 26 Advertisements Column 2
      73 26 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sq. MATS NOTICES CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices#sph.com.sg. Mfim NOTICES f Jerry's Barbeque Grill Tanglin Shopping Centre
      73 words