The Business Times, 12 January 2006

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Total Pages: 31
1 32 The Business Times
  • 13 1 THE BUSINESS TIMES MICA (P) 089/03/2005 Thursday, January 12,2006 SINGAPOREiscente online at http://business-times.asial.com.sg
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  • 863 1  -  Winning tussle against Dubai Ports World will put it in the league of current world leader Hutchison Port Holdings By DONALD URQUHART [SINGAPORE] The muchanticipated bidding war for the prime global assets of UK's Peninsular Oriental Steam Navigation Co (P&O) has begun after
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  • 434 1  -  Hotel expected to be flagged as a Crowne Plaza By KALPANA RASHIWALA [SINGAPORE] The Civil Aviation Authority of Singapore (CAAS) is likely to award a site for a hotel in Terminal 3 to a joint venture comprising Lum Chang group and
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  • 133 1 STI 2,418.65 (-7.34) ST INDEX FUTURES 2,422.00 (-7.00) SIMSO 286.92 (-0.65) SIMSO FUTURES ***** (-1.40) MARKETS Wednesday Chang* KLSECOMP 909.59 -4.21 NIKKEI 225 16.363.59 >239.24 HANG SENG 15.650.88 +80.97 SET INDEX 764.01 +4.69 JAKARTA COMP 1.261.28 +16.23 MANILA COMP 2,150.71 -11.72 SEOUL COMP 1.394.09 -2.20 SHENZHEN B 218.53
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  • Page 1 Advertisements
    • 22 1 S'PORE STOCKS China plays make strong comeback PGS El HKhk- IE ■■■u r£v»tV PROPERTY Centrepoint's mass-market launch of Raintree tomorrow PG 32
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    • 18 1 Most strategists expect big gains HfIHPMi PGI9 -i SPi •< v.« p, y- 4$ t 4 8 Hi I
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    • 272 1 A BHT il outsourcing set to rise VIEWPOINT Global trade and buman rights do not mix PG22 jri WEE CHO YAW Banker wins mm' >|» kudos for m&k keepinghis Si empire intact !m§< &K9*# U4CWH\ I -m?\ PG3 Vf*# \wV"V* i\ :|X I I K Foreign brokers on UOB shares
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  • TOP STORIES
    • 471 2  -  Former H KM A exec director Amy Yip to be appointed new chairman: sources By GENEVIEVE CUA [SINGAPORE] Changes at the top appear to be in store at DBS Asset Management, after a year in which familiar faces departed and new ones
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    • 100 2 IN the article "Integrated resort: STB returns money for probity checks to PBL and Melco" (BT, Jan 7), we said a proposal deposit of $60 million will be refunded to the PBL/Melco consortium after it withdrew from the bidding for the Marina Bay resort. In fact, proposal deposits are
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    • 484 2  -  By MATTHEW PHAN [SINGAPORE] The 10 yachts in the Clipper Round the World Race will arrive this weekend and Singapore is pulling out all the stops to welcome them. Following their arrival, a week of festivities, including city tours and stopovers
      484 words
    • 498 2 UOB rally expected to peter out ALTHOUGH investors initially welcomed United Overseas Bank's announcement last Friday of a $600 million share buyback, some analysts have suggested that further upside may be limited. Of five reports by foreign brokers after the buyback announcement, three call for a "buy" or
      498 words
    • 680 3  -  He is set to meet deadline while retaining his grip on both UOB and corporate assets By LESLIE YEE [SINGAPORE] With about six months left for local banks to divest non-core assets, market players are impressed that United Overseas Bank boss Wee Cho
      ARTHUR LEE  -  680 words
    • 593 3  -  COMMENTARY By WONG WEI KONG WITH wholly-owned PSA making a headline-grab-bing counter bid for Peninsular Oriental Steam Navigation Co (P&O), Temasek Holdings is now playing for big stakes on the global stage. Singapore port operator PSA's £3.5 billion (Sslo.l billion) bid for
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  • Page 2 Advertisements
    • 628 2 ift Financial Services Tax Seminar 2006 Dates In line with the government's effort to steer Singapore ahead as a premier Wednesday, 8 February 2006 financial hub in the region, new tax incentives and initiatives were introduced 9.00 am to 5.00pm in the last few years to provide the much needed
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  • Page 3 Advertisements
    • 308 3 Discover Air New Zealand's new, distinctive blend of premium New 8777 long-haul services to New Zealand introduced from 17 February 2006. i travel when you fly our Business Premier. To begin, simply Business Premier Pacific Premium Economy Pacific Economy lie back and enjoy the extravagance of a truly lie-flat bed.
      308 words

  • COMPANY NEWS
    • 524 4  -  BANKING But of five reports by foreign brokers, three call for a 'buy' or 'overweight' By R SIVANITHY ALTHOUGH investors initially welcomed United Overseas Bank's announcement last Friday of a $600 million share buyback, some analysts have suggested that further upside may be limited.
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    • 488 4  -  By MATTHEW PHAN OCBC Bank's proposed purchase of 12.2 per cent of China's Ningbo Commercial Bank, while likely to have a small impact on the Singapore bank's shortterm earnings, will be more valuable for its long-term strategic contribution as it lets OCBC tap
      488 words
    • 305 5  -  By R SIVANITHY THEY may have been dormant for the best part of a year, but China stocks now look to be making a storming comeback, judging by yesterday's explosion of interest. Almost without exception, all stocks with "China" in their names or with extensive
      305 words
    • 551 5  -  SingTel unit pays A$30m to acquire the remaining 74.15% stake By SIOW LI SEN THE Australian unit of Singapore Telecommunications has paid As3o million (5536.9 million) to acquire the 74.15 per cent of Virgin Mobile Australia (VMA) it did not already own. The
      BLOOMBERG FILE PHOTO  -  551 words
    • 543 5  -  HOCK LOCK SIEW By LEE KIM SIANG ASTI Holdings' announcement on Tuesday that it would be taking over Flextech Holdings, a major shareholder in Asti, follows hot on the heels of its recent $6.3 million purchase of Sesdaqlisted Advanced Systems Automation. Asti has said it will
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  • Page 4 Advertisements
    • 43 4 INITIAL PUBLIC OFFERING mun i c ati n International COMMUNICATION DESIGN INTERNATIONAL LIMiTED (Incorporated in the Republic of Singapore on 17 July 1995) -w/AcnxA-iKI (Registration No. *****5053Z) V p>- *i i jjaii •is t m BH I'Mns J/n 1 B"' [IP IF «fr4
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    • 325 4 Kklw holdings limited (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of KLW Holdings Limited (the "Company") will be held at 19 Senoko Loop, Singapore *****9 on 27 January 2006 at 10:00 a.m. for the purpose of considering
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  • Page 5 Advertisements
    • 35 5 we'll give you I 6%cashback I on petrol I To qualify, just charge SBOO or more ANYWHERE, I including petrol stations -to your Standard Chartered I Credit Card in January. Promotional period: 1-31 January 2006
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  • SINGAPORE MARKETS
    • 516 6  -  STOCKS Blue chips, which were largely responsible for the recent market surge, are among the bigger index losers R SIVANITHY Senior Correspondent THE Straits Times Index yesterday suffered its first loss in about two weeks, when it fell 7.34 points to 2,418.65 a drop
      Source: Bloomberg  -  516 words
    • 933 6  -  By LESLIE YEE Value Partners further trims stake in Pacific Andes HONG Kong-based fund management firm Value Partners and its co-founder Cheah Cheng Hye have seen a further fall in their deemed stake in Pacific Andes Holdings. Announcements on the Singapore Exchange yesterday showed the deemed holding
      933 words
    • Article, Illustration
      967 6  -  Compiled by MATTHEW PHAN MFS Technology Jan 11 dose: 13.5 cents KIM ENG RESEARCH, Jan 11 MFS recently guided that IQFYO6 would surpass 4QFYO4, its record quarter with net earnings of $13.6 million. We expect the company to report net profit of $13.9 million when it releases results on
      Source: Bloomberg  -  967 words
    • 519 6  -  CURRENCIES LARRY WEE Senior Correspondent US dollar bears who had successfully sold off the greenback over the past week locked in some profits yesterday, giving the US currency a breather ahead of what's expected to be a modest improvement in the US trade
      Source: Reuters  -  519 words

  • COMPANY NEWS
    • 354 7  -  Marketing and communication firm offers 25.6 m shares 21.5¢ each By OH BOON PING COMMUNICATION Design International (CDI), an international marketing and communications company, yesterday launched its initial public offering (IPO) for a Sesdaq listing. The offer, which opens today, comprises 25.6 million new shares
      354 words
    • COMPANY BRIEFS
      • 56 7 FUNG Choi Printing and Packaging group has signed a deal under which it will place out up to 63.66 million new shares and White House up to 21.22 million vendor shares at 64 cents each. Fung Choi seeks to raise net proceeds of $39.6 million.
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      • 51 7 ASIATRAVEL.COM Holdings Limited expects to register "significant growth in FY2006" with the resurgence in the travel and tourism industry. It said its decision to focus on its profitable high growth core online reservation business is yielding positive results in the first quarter of FY2006 ended Dec
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      • 51 7 MULTIVISION Intelligent Surveillance has signed an agreement to acquire 80 per cent of the equity of Trade Express Services for HK$7.3 million (Ssl .5 million) to be paid in cash. Trade Express holds an interest of around 7.5 per cent in Beijing Telenet Information
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      • 35 7 A-SONIC Aerospace's wholly owned subsidiary, Janco Strategic Biz, has acquired about 1.83 per cent in Airocean Group, raising its shareholding to approximately 10.17 per cent from about 8.34 per cent.
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      • 22 7 UNISTEEL Technology announced the acquisition of the remaining 32.9 per cent of Valen Technologies for $5.5 million.
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      • 134 7 SINGAPORE Press Holdings' wholly owned subsidiary, SPH Magazines (SPHM), has acquired the remaining 10 per cent stake in Blu Inc Singapore currently held by Blu Inc Holdings Malaysia Sdn Bhd (BIHM) for $1,925 million. SPHM will also assign to BIHM all the
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    • 252 7 Bloomberg SINGAPORE Technologies Engineering Ltd, Southeast Asia's biggest aircraft maintenance company, may acquire the 33 per cent stake in SAS Group's unit it doesn't own, as it expands its business in Europe. ST Engineering may increase to tOO per cent its
      Bloomberg  -  252 words
  • Page 7 Advertisements
    • 293 7 Silver Shadoof ii w Ml VI R M lADOW i> 11 H>i i HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES More room to go further flip f 9 I *1 BBTfl v B W(
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    • 94 7 TAX Our qualified professionals can assist you with offshore fj:l»Uirr J- structures, shelf companies MTi and incorporations in ALL jurisdictions including: 0. British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong iii.iii i Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts
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  • SINGAPORE NEWS
    • 509 8  -  Three companies sign deals with estimated project value of $260 m By MICHELLE QUAH THE cold weather in China's eastern province of Shahdong is not stopping Singapore businessmen from warming up to investment opportunities there. In fact, three new deals just inked are expected
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    • 372 8  -  By UMA SHANKARI SINGAPORE'S 3M system, comprising Medisave, Medifund and MediShield, ensures that healthcare remains affordable for the majority. But a fine-tuning of the system might be needed to help patients who fall through the cracks, recommended the government's feedback unit. The feedback
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    • 252 8 AS EXECUTIVES return to work from their New Year holidays, banks here are taking the opportunity to make several key appointments. Last night, OCBC Bank announced the appointment of industry veteran Larry Lam previously head of internal audit and a senior vice-president at United
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    • SINGAPORE ROUNDUP
      • 77 8 THE Association of Chartered Certified Accountants (ACCA) launched a new international accountancy qualification at an executive power lunch here yesterday. The new qualification—which will focus on professionalism, ethics and workplace competences —will see the ACCA adopt a three-pronged approach to ethics, including a unique online module
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      • 87 8 SINGAPORE'S leading electronic payments provider. Network for Electronic Transfers (Singapore) Pte Ltd (NETS), has appointed Eddie Khoo as a director. NETS said Mr Khoo brings with him vast experience from the banking and finance sector. He is currently the global head of personal financial services
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      • 81 8 ITALIAN carmaker Fiat, which claims to embody all the fine qualities of Italian posh, style and substance, says it has found its equal in one person in Singapore WKRZ91.3FM presenter Marilyn Lee. Fiat says it picked Ms Lee, 27, to drive a silver-coloured Fiat Punto
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      • 38 8 SUPPLY chain management company BAX Global has appointed Andrew Mitchell as director, logistics business development Asia-Pacific, BAX said yesterday. It said Mr Mitchell will be based at the company's regional headquarters in Singapore.
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    • 332 9  -  As at November, cardholders had earned $2m worth of cashback By LESLIE YEE CITIBANK Singapore, which said there has been strong demand for its Dividend card, will introduce an upgraded Platinum version of the cashback credit card from today. One in three of approved card applications
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    • 269 9  -  By ROLAND LIM The company behind the Panasonic brand, Japanese electronics maker Matsushita Electric Industrial, said on Tuesday that it has chosen Singapore as one of the locations for assembling plasma display televisions, according to a Reuters report. The plant will be Singapore's first
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    • 251 9  -  By CONRAD TAN LOCAL accountancy firm Chio Lim Stone Forest (CLSF) has joined the ranks of accountancy organisation RSM International in a bid to expand its presence abroad, it announced yesterday. Both parties described the partnership as a natural one. "The major
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  • Page 8 Advertisements
    • 272 8 Growing with China's Power Industry We are primarily a precision engineering jjroup that specializes in the production of precision vane products which are the key components of steam turbine power generators used for power generation in power plants and power stations Applications for Offer Sheres may be made by way
      272 words

  • Page 9 Advertisements
    • 395 9 SIEBEL. V rrs all about me cusTOMar LOSING EVEN ONE CUSTOMER IS ONE TOO MANY. •—i H So visit www.sitbti.com/sg/bus or call *****0 4330. And learn 1 H the secrets of delivering customer-driven service from companies 1 that got it right. I H| ■I I HI 1. I Hi C
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  • FOCUS: SERVICES
    • 1036 10  -  FINANCIAL ENGINEERING Financially engineered solutions are not foolproof, but users are drawn to the unstoppable tide, industry specialists tell OH BOON PING OH BOON PING IMAGINE a virtual trading floor with thousands of machine traders wired to it and executing more than 10,000 transactions per
      1,036 words
    • 6117 10 UNIT TRUSTS FUNDS AM Amro Asset Mgt (S'pore) Star Europe Eqty!" 0.897/ Star Ernpe Bond 1-215/ Star Europe Bal 1-169/ Star Asian Tiger Eqty 1.177/ Star Asia Bond 1-316/ Star Asia Balanced 1.09/ Star Global Technology Fund!" 0.219/ Mufti St fd 1 061/ Star Asia Bond/USD) 0.805/ Gib Multi St
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  • Page 10 Advertisements
    • 36 10 Allianz Global Investors one of world's top five asset management groups Allianz (ffj) with more than US$l.45 trillion ot assets under management. Global investors Solilu:. WiIUIII tfvmt Asal.il IVmnhr, >(H V,,,.,,V, tmpmy ,esn. no WHO. mM
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  • ECONOMY WATCH
    • 297 11 Bloomberg [LONDON] US Treasury Secretary John Snow said that he expects healthy economic growth with low inflation this year, shrugging off concerns of a slowdown ahead. "We're in a very good position to see this good recovery continue and expand with the growth
      Bloomberg  -  297 words
    • 857 11 Economists cite slower US growth and domestic consumption Bloom berg [SINGAPORE] Three of South-east Asia's four largest economies will probably expand at a slower pace this year as easing US growth damps exports and local consumers buy less. Thailand's economy may
      Bloom berg  -  857 words
    • 326 11 AFP [TOKYO] Japanese Finance Minster Sadakazu Tanigaki has said Japan is expected to escape from deflation by the end of 2006. His comments come as the government presses the Bank of Japan (BOJ) to avoid a premature tightening of monetary policy
      AFP; REUTERS  -  326 words
    • 334 11 AFP [BANGKOK] Thailand's economy grew 4.7 per cent in 2005, Prime Minister Thaksin Shinawatra said yesterday, promising growth of at least 5.0 per cent this year despite problems such as bird flu and deadly unrest in the Muslim south. Dr Thaksin said gross domestic
      AFP  -  334 words
  • Page 11 Advertisements
    • 253 11 -ATC I NOTICI Sl THE COMPANIES ACT, CAP. 50 PICANOL OVERSEAS PTE LTD (IN VOLUNTARY WINDING-UP) (CO. REGN NO. *****1497K) At an Extraordinary General Meeting of the abovenamed company held on the 12th day ot January 2006. the following Special Resolution was duly passed: "THAT the company be wound up
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    • 94 11 I I 6338 5669 info@DifferWort<laMi I ?rnuF IvL Keep your investors informed by advertising your financial results in our newspapers. Call \mmm2or email A European company with a brand name established in Singapore for 35 years is looking for an Qxclusivi Distributor for its Singapore market The successful candidate must
      94 words
    • 1709 11 NOTICES (ill fire 1n(Hl F lll.nl Ilotl(:es<"'sph com Sf) j I IN THE MUTTER OF THE COMPANIES ACT, CAP 00 AND IN THE MATTER OF DEUFUN INTERNATIONAL PRIVATE LIMITED fUgMimon No. ftKMHUEMW) (In LiQuWilkifl] TAKE NOTICE that a meeting of the creditors in the above-named company will, in pursuance of
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  • MALAYSIA/INDONESIA
    • 536 12  -  Company willing to discuss better payment terms with bank: CEO By SHOEB KAGDA in Jakarta UNITED Fiber Systems (Unifiber) is willing to improve its payment terms, if that is what it takes to secure its bid for Indonesian pulp and paper company Kiani Kertas,
      FILE PHOTO  -  536 words
    • 557 12  -  By PAULINE NG in Kuala Lumpur 0101. It was a number many 4-D punters were banking on for a happy start to 2006. Although the number apparently was sold out at some number forecasting operators (NFOs), Magnum, however, drew the short straw when
      557 words
    • BRIEFLY ASIA
      • 155 12 AFP IBEIJING] Two more people have died from bird flu in China, the World Health Organisation (WHO) said yesterday, as an infected boy remained critically ill and authorities worked to contain another outbreak. The latest events in China triggered further alarm bells just
        AFP; AP  -  155 words
      • 108 12 Reuters [KUALA LUMPUR] Amßank, the commercial banking arm of Malaysia's AMMB Holdings, aims to boost its capital by selling about US$l5O million in preference shares and securities, a source said yesterday. Unlisted Amßank is a commercial lender that offers car, personal and housing loans. It
        Reuters  -  108 words
      • 86 12 Bloomberg [NEW DELHI] Mphasis BFL Ltd, an Indian software maker whose customers include Citigroup and JP Morgan Chase Co, said third-quarter profit rose 52 per cent. Net income rose to 408.4 million rupees (5515.1 million), or 2.52 rupees a share, in the
        Bloomberg  -  86 words
      • 75 12 AFP [GENEVA] Switzerland's second largest banking group Credit Suisse yesterday said it had taken al5 per cent stake in a newly established financial services company in China. Poly Finance will provide financial management for companies in the Poly Group, a state-owned defence, industrial,
        AFP  -  75 words
    • 2354 12 VOl w« *h r»o) AIM Realty 1.46 unch 0 Abnc 335 0.01 380 ACPIndurtrtes 0.69 &02 62 Advance Synergy 0-25 0.02 1)8 AtKiiU 0-29 unch 0 Ai MuM-y.U .032 0.03 382 AffinHldjfc-i. 138 -OjOI 299 AhmadZlfci** 1.27 0.06 9 AJCGorp 1.14 -031 52 Air Asia 1.63 -0.02 4352
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  • Page 12 Advertisements
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  • Page 13 Advertisements
    • 20 13 AWAm°YOU R^ISC©VERY r '>■ >e s <>-• >" V >&* y ;'>■ ■b y*- i •J* V X f ,y v iK'. J A; j^^^^H|||K|||||||||W|||i|||H|j||iH||||H||A|«u|ma|n|||||H|Ma|H||a^^H
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  • GREATER CHINA
    • 448 14 But legal adviser expects size of individual transactions to fall Reuters [HONG KONG] China's mergers and acquisitions (M&A),market will remain hot in the new year, but the size of individual deals may fall while the number of transactions will likely rise,
      Reuters  -  448 words
    • 302 14 Home prices in 70 cities down 0.6% in H2 2005 Reuters (BEIJING] Sentiment towards the housing market in the southern Chinese city of Guangzhou has deteriorated sharply while home price inflation in Beijing has cooled, the official Xinhua news agency said yesterday. In
      Reuters  -  302 words
    • 810 14 NEWS ANALYSIS Reuters [SHANGHAI] Global giants including Citigroup Inc and Deutsche Bank are racing to jaut credit cards in every Chinese wallet, but profits from the plastic invasion may elude banks for three years or longer. More than two decades after Bank of
      Reuters  -  810 words
  • Page 14 Advertisements
    • 1769 14 NOTICES BUV IT-SELL IT FIND IT ASIATRAVEL.COM HOLDINGS LTD (Co. Regn. No. *****7534E) (Incorporated in (He Republic of Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ASIATRAVEL.COM HOLDINGS LTD ("the Company*) will be held at 1 Kim Sena Promenade,
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    • 240 14 Head to CATS FASTADS In The New Papv j for job opportunities! >AT> NOTICES oil free. 1800-289-8822 Email: no+.ces<esph.com.sg I Announcement of Joint Licensing Online and Mobile Phone Music Download Composers and Authors Society of Singapore Limited BMG Music Publishing Singapore Pte Ltd EMI Music Publishing Singapore Forward Music Publishers
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    • 316 14 IN THF HICH mfltrny THF KPfIM JT OFSIWr.AFOBE Originating Summons No. 2175 of 200S/H IN THE MATTER OF SECTION 73 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF FCI ASIA PTE LTD (RC NO. *****1714E) Applicant Anvg.ansF.MKWT or appi.ic atiqn MummMmiig PFni imON OF SHAKE PHFMIIIM NOTICE
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  • INDIA
    • 600 15 Infosys Q3 profit up 31 on new services growth Net income climbed to 6.49b rupees or 23.02 rupees a share Bloomberg [BANGALORE] Infosys Technologies Ltd, India's second-largest software developer, said third-quarter profit rose 31 per cent on contracts to install computer programs for companies, manage their networks and process transactions.
      Bloomberg; Source: Bloomberg  -  600 words
    • 357 15 Bloomberg [MUMBAI] Bank of Baroda and Andhra Bank, two state-owned Indian lenders, will start selling next week 25 billion rupees (***** million) of stock as interest rates at 30-year lows boost demand for loans. Banks in Asia's fourth-biggest economy need
      Bloomberg  -  357 words
    • 563 15 Bloomberg [MUMBAI] India's Sensex index is approaching 10,000 for the first time. Demand from overseas investors for the country's stocks may push the benchmark over the top. Investors based outside India bought a record US$lO.7 billion more stock than they sold last year, according
      Bloomberg; AFP  -  563 words
  • Page 15 Advertisements
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  • Page 16/17 Advertisements
    • 548 16/17 Congratulations on the completion and delivery of jfe f to Tidewater Maritime Limited ix i ftf M/V "CURRIE TlbE" is ABS Class Anchor Hsndling and W% yfe PT R m "1W Supply Tug, with firefighting capability, powered by 5,4008 HP lH^R®lWiviS" v Caterpillar engines and a service speed of 13
      548 words

  • ASIA-PACIFIC/WORLD
    • 406 18 Labour Party lawmakers free to vote on proposals for partial ban Bloomberg [LONDON] UK Prime Minister Tony Blair said his Labour Party lawmakers are free to vote as they wish on proposals for a partial ban on smoking,
      Bloomberg  -  406 words
    • 502 18  -  Vincent Wee BT journalist and sailor Yacht Race Leg 4, Race 5, Day 10 AT 0908 and 50 seconds GMT, the Durban dipper sailed across die finish line at the southern end of the SeLat Sunda to win Race 5 of the Clipper Round-The-World Race, her second cqpwcutrve
      502 words
    • 718 18  -  ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent G< OLD has reached its highest level in 25 years, and yet no one really knows why. True, oil prices are high and, yes, inflation expectations are rising, while the US dollar is no longer supported by confidence
      718 words
  • Page 18 Advertisements
    • 329 18 11Ulpl 11 1111 WBBBlPilMlllllli r If it gripped you, uote. A J" Pick the Business Story of the Year IBM 'jgl and win o state-of-the-art VgO V*CYBBR-Rakx Stria massage chair that will help you relax after an Check it out in The Business Times on M Dl C g Jpjpp*"
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  • WORLD
    • 432 19 Bloomberg [NEW YORK] Apple Computer first-quarter revenue reached US$5.7 billion, more than the company expected,' as iPod shipments tripled and computer purchases topped US$l million. The company's retail stores posted sales of more than US$l billion for the first time, chief executive officer
      Bloomberg; AFP  -  432 words
    • 1116 19  -  OUTLOOK 2006 They point to healthy US growth, steady oil prices and lots of liquidity By ANDREW MARKS in New York LESS than two weeks ago, as US stocks limped through the final days of 2005 and into the new year,
      1,116 words
  • Page 19 Advertisements
    • 64 19 MSc Financial Engineering In collaboration with Carnegie Mellon University, USA (A pioneer and leading University in Financial Engineering) INFORMATION SESSION 2006 Date Saturday, 21 January 2006 Time 2pm t Venue Mandarin Court, Meritus Mandarin Singapore 333 Orchard Road, Singapore *****/ To register: http://www.mfe.ntu.edu sg/events/events.asp j i /k 11 It If
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  • AVIATION
    • 550 20  -  By VEN SREENIVASAN [SINGAPORE] The International Air Transport Association (lata) has expressed its disappointment over the European Court of Justice's (ECJ) decision favouring European regulations allowing passenger compensation for denied boarding, delays and cancellations. "It is a sad day for Europe,
      550 words
    • 340 20 Papers say a merged entity would have more than half the domestic market Reuters [MUMBAI] Jet Airways Ltd, India's largest domestic airline, is close to buying out Sahara, the No 2 private carrier, in a deal worth US$56O million, newspapers reported yesterday.
      Reuters; BLOOMBERG  -  340 words
    • 162 20 [SINGAPORE] Singapore Airlines (SIA) plans to increase capacity on some existing routes when the northern summer schedule comes into effect on March 26, 2006. The schedule will improve the connection options for its passengers travelling to Australia and North Asia. SIA will fly daily to the
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    • 313 20 Bloomberg [NEW YORK] Boeing Co, the No 2 maker of commercial aircraft, said jet deliveries rose 1.8 per cent to 290 last year afftf will jump to 395 this year as improving economies spur global demand from low-cost carriers and leasing companies. The increase
      Bloomberg  -  313 words
    • LOG BOOK
      • 135 20 AFP [MANILA] Philippine Airlines (PAL) said on Tuesday it will stop flying unprofitable routes such as Riyadh and Kuala Lumpur but will revive services to India and increase them to the US. PAL president Jaime Bautista saicKhe flag-carrier would drop Riyadh in March because
        AFP  -  135 words
      • 100 20 Bloomberg [LONDON] British Airways pic (BA), Europe's third-largest airline, said it will reduce fares within the UK by as much as 40 per cent and rename its CitiExpress regional unit to return the European short-haul network to profit. BA
        Bloomberg  -  100 words
      • 74 20 Bloomberg [NEW DELHI] Air India Ltd. the nation's biggest overseas airline, signed an accord with Boeing Co, the world's second-biggest passenger aircraft manufacturer, to buy planes worth US$ll billion as part of a plan to expand to more cities. Air India
        Bloomberg  -  74 words
    • 301 20 AP [ROME] Alitalia pilots and flight attendants plan to strike on the eve and the first day of next month's Turin Olympics, threatening havoc for arriving fans. Cabin crews are set to strike for 24 hours on Feb 10 the day of the
      AP  -  301 words
    • 871 20 CIIY Hum «TA mwrr «io MMHMM BY5D1B 0215 —m i$| gg Uw.lihl ***** 2000 m an? 8u —Si mm Ml II jjj e^ 1 zaa SQ*3 0715 gg CapaTwm S04S1 6525 m HM mm |J SQ4OT 6646 6746 Okaw UANS 2555 —UA«6 U45 SS5 d *m
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  • Page 20 Miscellaneous
    • 201 20 CRYPTIC CROSSWORD DOWN 1 v/nirp hrnifP 13 A doctor starts reminiscing Across: 1 Deliberate, 6 Asia, 10 I fSSIi nrn«> over sort of ear, V photograph Renal, 11 Panda Cars, 12 Eremite, 1 Embodiment of fiction prose 13 Treason, 14 Tree Creepers, 18 O M toitimp 14 Knowledge of a
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  • SHIPPING
    • 359 21  -  By GEORGE JOSEPH [SINGAPORE] Another vessel flying the Singapore flag, and the most advanced of its kind designed and built here, was launched yesterday at a naming ceremony at Jurong Shipyard. The Wan Hai 312. a 2,646-TEU container vessel, was built
      359 words
    • 266 21 Reuters [TOKYO] Tokyo Gas Co plans to order three liquefied natural gas (LNG) tankers and take stakes in upstream production projects as part of a plan to start trading spot LNG cargoes, president Norio Ichino said yesterday. Tokyo Gas, Japan's
      Reuters  -  266 words
    • 273 21 Reuters. AP [HAMBURG] Over 1,000 dock wrtlcers in Germany's main port of Hamburg have gone on strike in protest against the European Union's plans to liberalise port industry services, the trade union Verdi said yesterday. The strike started late on Tuesday and
      Reuters.; AP  -  273 words
    • 366 21 Bloomberg [LONDON] The cost of shipping crude oil from the Persian Gulf to Asia on two mil-lion-barrel tankers fell for a sixth straight day because of a surplus of tankers caused by a reduction in demand during the year-end holidays. Freight
      Bloomberg  -  366 words
    • PORT SHOTS
      • 133 21 Bloomberg [LONDON] Russia's second-largest oil port, Novorossiisk. opened to shipping yesterday after high winds and rough seas prevented tankers from docking for six days, local ship agents said. A vessel called the Yannis P started loading its cargo at the Sheskharis oil terminal, according to the
        Bloomberg  -  133 words
      • 112 21 Reuters [HONG KONG] Freight forwarding and logistics firm BALtrans Holdings Ltd said it had signed an alliance agreement with its new substantial shareholder Mitsui Co Ltd. BALtrans said in a statement that it would provide freight forwarding and handling services for Mitsui's air cargo consignments
        Reuters  -  112 words
      • 91 21 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's second-largest shipbuilder, said it has received a 250.4 billion won (Ss4l6 million) order to build a vessel to carry liquid natural gas. The shipbuilder will deliver the ship in April 2009 to a company in
        Bloomberg  -  91 words
    • 284 21 SGX '000 in 11 SS W- Vol CH Offshore .0.38 0.01 720 Chum Hup JOM -0.01 3390 Cosco Corporation .2.34 -0.03 4886 GOT Distribution 0.82 0.02 148 EzraHldgi ..1.60 -0.01 1109 Freightunks 0.06 596 Qrand Banks Yacht 0.86 unth 0 JayaHoWngs .1.25 -0-01 244 K1 Venture -034 unch
      284 words
    • 267 21 China's exports of computers, toys and other goods up 28% in 2005 Bloomberg [HONG KONG] China Ocean Shipping (Group) Co (Coscoj, which controls the nation's second-biggest container line, doubled its profit last year, the government's main planning ministry said. The Beijing-based company, which also
      Bloomberg; FILE PHOTO  -  267 words
  • Page 21 Advertisements
    • 882 21 £0 NOTICES Bosk MOLDINGS LIMITED f (Incorporated in the Republic of Singapore) Company Registration Number: *****6212Z NOTICE 18 HEREBY GIVEN that the Annual General Meeting of the Company will be held at 15 Kian Teck Crescent, Singapore *****4 on 27 January 2006 at 10.00 a.m. to transact the following business:AS
      882 words

  • EDITORIAL & OPINION
    • 473 22 EDITORIAL THE large-scale civil emergency exercise last Sunday, featuring mock terrorist attacks on Singapore's transport system, underlines the nation's determination to respond resolutely to such an eventuality. Protecting human life was the over-riding priority, and rightly so. At the same time, the authorities
      473 words
    • 1062 22  -  Efforts to subject multinationals to international human rights norms are misguided By JAMES McCONVILL TOWARDS the end of last year, international trade regulation generated worldwide attention as the World Trade Organization's (WTO) 149 member nations met in Hong Kong to thrash
      BLOOMBERG; AFP  -  1,062 words
    • 735 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group WHAT is the dominant religion of the past 100 years? The answer is not Christianity with its 2.1 billion followers or Islam with its 1.3 billion. It is the idea of economic
      The Washington Post Writers Group  -  735 words
    • 1256 23  -  In a bid to extend its global influence, China is setting up cultural centres abroad to teach foreigners the language By HOWARD W FRENCH CONQUERING the world is not supposed to be easy, but that is exactly how things must look some days to
      BIGFOTO.COM  -  1,256 words
    • 342 23  -  Simon Ng Yap Peng RETAIL investors form the backbone of our capital market and stock market. Unfortunately, some of them have recently borne the brunt of many corporate debacles, as in the case of Citiraya, ACCS and China Aviation Oil, just to name a
      FILE PHOTO  -  342 words
    • 641 23  -  LETTERS TO THE EDITOR Leong Sze Hian I REFER to media reports that means testing will start in April for some services in the disability sector. For example, children with palsy may have to pay $920, instead of $30 now, for therapy. I would like
      641 words

  • Page 23 Advertisements
    • 101 23 HAVEYOURSAY Fax your letters to 6319-8277 or email them to btletterQsph.com.syor write to: The Business Times,SPH HQ, 1000 Toa Payoh North, Podium Level 3. Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws. We reserve the
      101 words

  • 10487 24 SGX MAINBOARD Transaction date: Jan 11 52-wk Tal Lot Vol Day Lact Quota GrtXv Mv Crtld Nat MCap High low Coda Company Sata W- (HOB) Htfi Low »iy«r SaMar Cw WE tiJ 7.5 2 5716 1st Software 5c 3.5 +0.5 3471 3.5 3 3 3.5 142 22 6
    10,487 words

  • 6127 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr hi SS In USS Hdy yr dy yr dy %yr Jin 10 lnd«x Chang* Chang* Ch«ng« Chano* Changa Ch«np> World Indet Preliminary 992.2 -0.5 16.4 -0.6 11.5 -05 11.4 tEAFEPwfcninaiy 966.1 -OS 27.6 1.0 15.4 -0.9 153 Europe Preliminary 1309.0
    6,127 words

  • Page 26 Advertisements
    • 930 26 We offer fully containerised service I L-i I I m m connecting the world: (1 IJ r331 I \f HpHirntpd USA Canada/Europe/East West Jk Uuuiuu u/v Mediterranean/Russia-'Black Sea' Latin I I I America/South Africa/Australia/New I JII i Zealand/'Hawaii/Mexico/lntra-Asia C 4 II ji TOCUS6C p or complete/specific schedule WE ARE MORE
      930 words
    • 570 26 [WIWRAWA HQ^P'MRWCi» yM/vw" I wrw wbwhw) re raj ui sm n STMfIS VtMTUtf 01/06 1$ JJ 11/01 14/01 STiAmvonuen/u is u 23/01 24/01 31/01 03/02 05/02 swmvßmj«Eo3/0* is 33 07/02 10/02 I I WfIAUAW RORO SittVKl 1 VKSa/VOT I IMTffT) I HBGMTOI 13 SM MB StP Mtt Ml HE JKTjSWIUI
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  • Page 27 Advertisements
    • 1367 27 WAN HAI MTRNATIONAL PTC LTD a not i4M5«oooo/l V 'X mmmmmm TH:6226ISM (141 MB) FAX:*****1*3 W\WAN HAI LINES sssasrst. V" JOHS:|V)BIMOfU:IWSIWII SUiM:(DH) WS47SNUt WDIIW7I4/WIJDS -L-. K*:im)JWi«FU!im)ns«fui*7iui»/7i*» lumm 1 www.wannai.iam.ig M. THj <061) 4157M3 FAX: (0*1) 415W25/4142W sss das a a a a I WAN HAI 211 111 71 27/01 29/01
      1,367 words
    • 979 27 W___ W_JL JB_M_ fflj/jK Jtffl W_ *BSa VOY W JUT SU» HKG USM PUS HYUOMESS 107S 19/1 21/1 26/1 20/1 30/1 1/1 1/2 KMTt JAKAKTA MIS 15/1 11/1 19/1 24/4 28/1 21/1 HY Mlffff 106S 26/1 21/1 2/24/2 6/2 1/2 1/2 KMTC PUSAN MIS 25/1 24/1 31/1 4/2 6/2 VESSEL
      979 words
    • 797 27 m saa WEEKLY EXPRESS SAILING SCHEDULE I HLBO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTsj VtSSB I VOT ISW I MUNGICQUHttO IH SHEVA COUMMO I I I 1 I AUO ACCVTMG PQ TO COCHM, TUTKORIN (VIA COUMWO) AM KAMIA I MA| (VU N SHIVA) OOWWCnWC MOTOR WIS TO BMOK
      797 words

  • THE BUISNESS TIMES SHIPPING TIMES
    • 7373 28 This ETA ETA AJ»«m««r VmmI Voyaf* Tdaptaa SM Dcsf n Urn Name hM Hanbtr To ABIDJAN (ABJ) 2003 Cote D'lvoire 19/01 21/02 China Shpg NEW DYNAMIC 104A *****898 26/01 07/03 China Shpg CMA CGM K0M000 SX207W *****898 27/01 22/02 DHmas DfLMAS FORBIN 610W *****344
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  • Page 28 Advertisements
    • 411 28 VESSEL VOY SIN PGU VESSa VOT SM JKT PAC PANDA 1643N 13/01 13/01 PAPUAN <333 ***** 17/01 PAC PANDA IM4* 14/01 14/01 -EEL gg }}fl Of 2301 0225P 14/01 15/01 -gBf-— WIANPA U4SN Um 14Z8J— -E™™ ml SflW CSf 2301 0226? 16/OJ 10/Q1 -g™ Jgj jacmnoa 1646N IZZOJ iz/o]_ g£
      411 words
    • 428 28 IVKSSIt IVOY PKI SIN KARACHI I DX» »*l NHS PftUW BIK ICHOR RANMMAB PCI Sll7 12/01 11/01 22/01 25/01 26/01 02/02 05/02 00/02 KAN KORMSTAN KL 0114 17/01 SKI* 27/01 20/01 03/02 06/02 09/02 ■AN SHAHRYAK Pd SIIS|22/01 23/01 01/02 1 04/021 05/02 11/02 |14/021 17/02 IVtSSB. VDT SM NMAVA
      428 words
    • 317 28 BSA x MYANMA HM five star une (Myatmar Natiofld Lme) Loading far YoafM VESSQ VOT SM PU PEN PGII OW SMWE HAW NW SU> PAGAN 349W SU> IN MALAYSIA: IOUSTIAD SHIPPING AGENCIES KUL/PKL 03-300SS3U PEN: 04-2*33(1 S ,jkiaßsaaH» ACCEPTIMB COHVEMTIOIAI CBO vissa vorwGSMna rch mi nu sk ran MRKAQ 3b
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  • BizIT
    • 931 30  - Processing services trade set to rise 11 a year Cheque, credit card bill and payroll processing dominate market here, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY J Wk STUDY of outsourcing K Jl trends in Asia-Pacific I* m- shows that the outsourcm ing market for services as cheque, credit lyßMa
      Source: IDC  -  931 words
    • 526 30  -  By ROLAND LIM INTEL'S first dual-core processor for notebooks, the Intel Core Duo, has generated a flurry of activity with notebook manufacturers buzzing with new product announcements including former PowerPC processor proponent Apple Computer. Earlier this week at the local launch of its
      526 words
    • 259 30  -  By ROLAND LIM AFTER a five-month search for a new chief, regional Internet solutions provider Pacific Internet (PacNet) announced on Tuesday that it has found a Motorola executive to fill the shoes of president and CEO. From Jan 16, Phey Teck Moh will take .dver from
      259 words
    • 153 30 Reuters [LOS ANGELES] Call it the 21st Century watch pocket. Denim giant Levi Strauss said on Tuesday it had designed jeans compatible with the iPod music player, featuring a joystick in the watch pocket to operate the device. The Levi's Red Wire DLX
      Reuters  -  153 words
  • Page 30 Advertisements
    • 39 30 Ever How many calls are abandoned How are your agents' *2k Are calls being directed to the fl|H^ conversations be recorded or Please call *****811 to arrange for free demo. I For more Information, visit us at www.cimvsoin.com I
      39 words
    • 78 30 Empowered by Innovation NEC UNIVERGE NEAX 2000 IPS IP-PABX Flexibility: IP, TDM or Mixed Univerge ***** PS IP-PABX Investment Protection Full TDM-Telephony Applications Jj^lj Full IP-Telephony Applications J ftr LHHH Reliability: "NEAX" since 1970 DtermlP-SoftPhone Powerful "NEAX" User Features Attractive Promotion Package Phone Call 6348 8085 6379 2638 Dterm Digital
      78 words

  • PROPERTY
    • 479 31  -  11 Kampong Glam shophouses also among properties put on market By KALPANA RASHIWALA RIDING on the current improvement in property sentiment, several investmentsales properties came on the market yesterday. They include two collective sales at Braddell Park and Lorong K Telok Kurau. Both
      479 words
    • 1689 31 PROJECT NAME/ PROP CONTRACT TENURE BUHJ4N/LAND PRICE PSf STREET NAME TYPE DATE AR£A*(SQFT) (SSOOO) (St) District 1 NON-LANDED The Sail At Marina Bay Apt 02/12/2005 99 678 684 1009 The Sail At Marina Bay Apt 02/12/2005 99 614 633 1032 The
      1,689 words
    • 359 31 Bloomberg berg [HONG KONG] Sino Land Co and two other Hong Kong real-estate developers are seeking a HK$4.5 billion (Ss94B million) loan to build apartments and refinance debt, bankers involved in the deal said. Sino Land, Hong Kong's fifth-largest developer, along with Chinese Estates Holdings
      Bloomberg berg  -  359 words
    • 676 32  -  It will release more properties this year, with 1.500 units up for sale Reports by ALEXANDRA HO CENTREPOINT Properties is kicking off the year with a mass-market project launch tomorrow of the Raintree, near the Bukit Timah Nature Reserve. Centrepoint is looking to release
      676 words
    • 494 32 THE household name of Centrepoint Properties may soon be history the company is looking to change its name in Singapore. -"Centrepoint is essentially a local name tagged on the popularity of Centrepoint Shopping Centre," the company's chief executive Lim Ee Seng explained, referring to
      494 words
  • Page 31 Advertisements
    • 11 31 The Esquire at Mount Elizabeth honiihoonfr' credo.eom.sji and> cri'do.com.si* 6227 6066
      11 words
    • 151 31 For Sale by Tender Prime Commercial Development Site at Tampines Central 1 MM Twnpto.,*™?', H Branch (Mfke J> T»mp*nejßus Interchange sutto if DBS Tampinea Centre Compaq Prominent and visible frontage to Tampines MRT Station a tlhmi T JLiei Spom* 5 luX?<T N Tampines MRT Station at the doorstep and Tampines
      151 words

  • Page 32 Advertisements
    • 264 32 FOR SALE BY AUCTION A 4-storey Freehold Conserved Commercial Building at Jalan Besar Land Area: Floor Area: I lijjj Tenanted to coffee Excellent Frontage 19th January 2006,2.30pm Amara Hotel, Level 3, Connection Room I Connie Chai *****318 Chan IGm Yong *****883 IltiftDebenham* Tie Leung I Area of Practice Topic Date
      264 words
    • 311 32 Braddell Park For Sale By Tender ~77 VT No DC Payable (f 11 f—• Approximately 91,362! sqft JLjgh \V Plot Ratio 1.4 up to yj „5 storey >/ m W Mt Short walk to Serangoon \Y" Woodleigh MRT Stations —-rr—*l Near good schools and y 33? pSSe to amalgamate 52/54
      311 words
    • 24 32 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MAT 3 NOTICES
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