The Business Times, 10 January 2006
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2006-01-10
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The Business Times
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Title Section15 2006-01-10 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Tuesday, January 10,200615 words
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Article, Illustration688 2006-01-10 1 VEN SREENIVASAN - This is despite only one carrier signing up to use it so far By VEN SREENIVASAN [SINGAPORE] Singapore's $45 million low-cost airline terminal is expected to break even after a few years, despite only one budget carrier having signed upCHEW SENG KIM/ST - 688 words
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Article, Illustration623 2006-01-10 1 VIKRAM KHANNA - Legendary money man paints a global scenario triggered by a US slowdown and subsequent pressures on Asian exports and the dollar By VIKRAM KHANNA [SINGAPORE] The US economy is headed for a slowdown by next year as consumption growth tails off in the wakeARTHUR LEE - 623 words
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Article, Illustration636 2006-01-10 1 ALEXANDRA HO - By ALEXANDRA HO [SINGAPORE] Europa Country Club Resort will shut in March, after being the first proprietary club to fulfil its 12-year term obligation to members. The closure comes as the 12-year lease on its 35,000 sq636 words
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Page 1 Advertisements
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Advertisement7 2006-01-10 1 TAIWAN BUSINESS PtemerUMC W chairman indicted PGM7 words
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Advertisement13 2006-01-10 1 CORPORATE RESULTS STE Q4profit rises 3% PG4 ill 81T*****Z Markets Digest, Pf 213 words
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Advertisement9 2006-01-10 1 COMMENTARY have missed the boat HA in China PG39 words
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Advertisement8 2006-01-10 1 SME SPOTLIGHT Innovation and the Singapore company PGIO8 words
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TOP STORIES
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Article, Illustration616 2006-01-10 2 MATTHEW PHAN - 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
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Article698 2006-01-10 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. "It698 words
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579 2006-01-10 2 PAULINE NG - 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 and579 words
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Article137 2006-01-10 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 +5.86137 words
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Article, Illustration658 2006-01-10 3 TEH HOOI LING - 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 toYEN MENG JIIN - 658 words
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473 2006-01-10 3 SIOW LI SEN - 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 be473 words
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614 2006-01-10 3 WONG WEI KONG - 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
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317 2006-01-10 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 IPOReuters - 317 words
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Advertisement30 2006-01-10 2 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to .com.sg. R>r more information, e-mail btocsOsph.com .sg a call 6388-3838.30 words
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Page 3 Advertisements
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Advertisement99 2006-01-10 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 growth99 words
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COMPANY NEWS
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Article, Illustration613 2006-01-10 4 WONG WEI KONG - 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 marketFIIE PHOTO - 613 words
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346 2006-01-10 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 the346 words
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Article5809 2006-01-10 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
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Article, Illustration414 2006-01-10 5 RONNIE LIM - 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 rollFILE PHOTO - 414 words
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466 2006-01-10 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 factors466 words
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258 2006-01-10 5 OH BOON PING - 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 a258 words
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Article, Illustration509 2006-01-10 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 active509 words
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Article, Illustration607 2006-01-10 5 LEE KIM SIANG - 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. But607 words
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399 2006-01-10 6 SHOEB KAGDA - 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 buy399 words
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275 2006-01-10 6 UMA SHANKARI - 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 of275 words
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Article, Illustration755 2006-01-10 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 repeatedReuters; REUTERS - 755 words
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Article, Illustration461 2006-01-10 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 providerBloomberg; FILE PHOTO - 461 words
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COMPANY BRIEFS
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63 2006-01-10 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 by63 words
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42 2006-01-10 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
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79 2006-01-10 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
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78 2006-01-10 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 to78 words
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Page 4 Advertisements
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Advertisement36 2006-01-10 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 *****7169Z36 words
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Page 5 Advertisements
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Advertisement106 2006-01-10 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.m106 words
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Page 6 Advertisements
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Advertisement1220 2006-01-10 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 January1,220 words
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Page 7 Advertisements
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Advertisement432 2006-01-10 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 of432 words
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SINGAPORE MARKETS
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Article, Illustration484 2006-01-10 8 TEH HOOI LING - 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 sixSource: Bloomberg - 484 words
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Article, Illustration757 2006-01-10 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 Khayat757 words
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201 2006-01-10 8 ANGELA TAN - 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
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Article, Illustration912 2006-01-10 8 MATTHEW PHAN - 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 SignalSource: Bloomberg - 912 words
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Article, Illustration473 2006-01-10 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 alsoReuters; AFP - 473 words
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SINGAPORE NEWS
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407 2006-01-10 9 UMA SHANKARI - 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, to407 words
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Article, Illustration262 2006-01-10 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, aFILE PHOTO - 262 words
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Article, Illustration202 2006-01-10 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 announcedFILE PHOTO - 202 words
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Article99 2006-01-10 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 group99 words
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260 2006-01-10 9 LEE KIM SIANG - 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 ceremonies260 words
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Article, Illustration298 2006-01-10 9 OH BOON PING - 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 withSource: Grand and Owness Survey - 298 words
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Page 9 Advertisements
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SMEspotlight
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Article, Illustration1721 2006-01-10 10 CHEN HUIFEN - 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 withFILE PHOTO - 1,721 words
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363 2006-01-10 10 TEH HOOI LING - 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 has363 words
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Article, Illustration495 2006-01-10 10 OH BOON PING - 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 thatSource: Bloomberg - 495 words
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Article, Illustration1432 2006-01-10 11 KALA ANANDARAJAH - 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 discussedREUTERS - 1,432 words
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Page 11 Advertisements
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Advertisement296 2006-01-10 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. Speaking296 words
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ECONOMY WATCH
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Article, Illustration566 2006-01-10 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 evenAFP; REUTERS - 566 words
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Article, Illustration631 2006-01-10 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 thatReuters; FILE PHOTO - 631 words
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365 2006-01-10 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 intoBloomberg - 365 words
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876 2006-01-10 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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Page 12 Advertisements
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Advertisement25 2006-01-10 12 i"" fyfy J Lianhe Zaobao, Funds in S Korean, I Japanese Indian I bourses I enjoyed I better I returns I in 2005 I I25 words
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MALAYSIA/INDONESIA
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Article, Illustration538 2006-01-10 13 SHOEB KAGDA - 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 haveREUTERS - 538 words
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199 2006-01-10 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 of199 words
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Article153 2006-01-10 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 andAFP - 153 words
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BRIEFLY ASIA
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82 2006-01-10 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 1Reuters - 82 words
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63 2006-01-10 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 bankReuters - 63 words
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63 2006-01-10 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
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69 2006-01-10 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 upReuters - 69 words
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36 2006-01-10 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. —ReutersReuters - 36 words
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367 2006-01-10 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
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295 2006-01-10 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 RM2S295 words
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Article2341 2006-01-10 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 1.652,341 words
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GREATER CHINA/INDIA
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Article, Illustration503 2006-01-10 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 forBloomberg - 503 words
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510 2006-01-10 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 toReuters - 510 words
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Article, Illustration429 2006-01-10 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 2006Bloomberg - 429 words
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Article, Illustration62 2006-01-10 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 casesREUTERS - 62 words
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305 2006-01-10 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, stateReuters - 305 words
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650 2006-01-10 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 stockBloomberg - 650 words
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Page 14 Advertisements
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Advertisement21 2006-01-10 14 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. mmm NOTICES -.121 words
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ASIA-PACIFIC/WORLD
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Article539 2006-01-10 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. TakeoverBloomberg - 539 words
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291 2006-01-10 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 ministryReuters - 291 words
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WORLD WATCH
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87 2006-01-10 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
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Article84 2006-01-10 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
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Article72 2006-01-10 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 54.50Bloomberg - 72 words
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Article88 2006-01-10 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$25 billion in cash and stock for the company. The offer is expected to set off aNYT - 88 words
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Article52 2006-01-10 15 Bloomberg [NEW YORK] Apple Computer said DaimlerChrysler agreed to provide connections for its iPod digital music players on most 2006 models. Ipod connectivity will be available for US$l75 plus installation on more than three million Chrysler, Jeep and Dodge vehicles starting this model year, itBloomberg - 52 words
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397 2006-01-10 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 ofAP - 397 words
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Article, Illustration380 2006-01-10 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 inAFP; AP - 380 words
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536 2006-01-10 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
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Article, Illustration329 2006-01-10 15 Clipper Ventures - 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
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Article, Illustration407 2006-01-10 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 yearBloomberg; BLOOMBERG - 407 words
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139 2006-01-10 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 JohnAFP - 139 words
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335 2006-01-10 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
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389 2006-01-10 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 toBloomberg - 389 words
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Article, Illustration559 2006-01-10 16 VEN SREENIVASAN - 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
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Article921 2006-01-10 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 SQ352921 words
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Page 16 Miscellaneous
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Miscellaneous187 2006-01-10 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 seen187 words
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SHIPPING/TRANSPORT
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Article, Illustration337 2006-01-10 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
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Article, Illustration457 2006-01-10 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 causingAFP - 457 words
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452 2006-01-10 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 forAFP,; AP - 452 words
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225 2006-01-10 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 workAP - 225 words
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Article283 2006-01-10 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 Corp283 words
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Page 17 Advertisements
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Advertisement36 2006-01-10 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 <••••' 136 words
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EDITORIAL & OPINION
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Article549 2006-01-10 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 seem549 words
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Article, Illustration688 2006-01-10 18 AL LABITA - 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 for688 words
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Article, Illustration1000 2006-01-10 18 LEON HADAR - 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. ItAFP FILE PHOTO - 1,000 words
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Article, Illustration1508 2006-01-10 19 DOREEN CARVAJAL - 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 flickersInternational Herald Tribune; AFP; REUTERS - 1,508 words
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Article, Illustration1058 2006-01-10 19 MARK LANDLER - 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 preparedNYT; BLOOMBERG - 1,058 words
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Article10390 2006-01-10 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 8Telecom10,390 words
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Article6035 2006-01-10 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 PJ6,035 words
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Page 22 Advertisements
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Advertisement1021 2006-01-10 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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Advertisement623 2006-01-10 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 23-23/01623 words
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Page 23 Advertisements
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Advertisement1018 2006-01-10 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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Advertisement1030 2006-01-10 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 Htt1,030 words
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Advertisement706 2006-01-10 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 CM706 words
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THE BUSINESS TIMES SHIPPING TIMES
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6449 2006-01-10 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 22/026,449 words
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Advertisement389 2006-01-10 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 3fiZl2389 words
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Advertisement435 2006-01-10 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 23/01435 words
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Advertisement330 2006-01-10 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 ITU330 words
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PROPERTY
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Article, Illustration357 2006-01-10 26 KALPANA RASHIWALA - 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 is357 words
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390 2006-01-10 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
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292 2006-01-10 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
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Page 26 Advertisements
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Advertisement272 2006-01-10 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 pedestrian272 words
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Advertisement73 2006-01-10 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 Centre73 words
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