The Business Times, 17 January 2006
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2006-01-17
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The Business Times
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Title Section17 2006-01-17 1 THE BUSINESS TIMES Tuesday, January 17,2006 SINGAPORE 85 cents online at http://btisiness-times.asia 1 .conusg MICA (P) 089*03/200517 words
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Article, Illustration596 2006-01-17 1 MICHELLE QUAH - It says decision follows clarification of some bid requirements; it'll offer advice to Las Vegas Sands By MICHELLE QUAH [SINGAPORE] Singapore property heavyweight City Developments Limited (CDL) last night became the latest casualty in the contest to build an integrated resort (1R)FILE PHOTO - 596 words
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Article, Illustration548 2006-01-17 1 CHUANG PECK MING - But minister says S'poreis still in the learning phase By CHUANG PECK MING in Ahmedabad, India SENIOR Minister Goh Chok Tong has expressed his disappointment over Changi Airport's last-minute withdrawal from a multi-billion dollar project to upgrade New Delhi's airport MrST - 548 words
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Advertisement21 2006-01-17 1 COMMENTARY SGXneedstomete out punishment fairly 1 PC 6 Mm Singapore overtakes HK to become the world's busiest container port pg 2121 words
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Advertisement16 2006-01-17 1 ■MT RETAIL rl Nov sales growth slows to 2.4% 4*610 11l 8"*****1 *****4 Mfftotf DiftftPf 416 words
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Advertisement186 2006-01-17 1 cup ilSiJii >mt spongni Opportunities in tbe water industry P6ll Get the fall text of SM Goh's interview at http^usmess-times.asial.com.sg Quadrato Dual Timb Perpbtual b> 310-90/69 JysiiS&jijy K jflfc iMi^ V 7 Mechanical Perfection Contemporary Aesthetic The only perpetual that adjusts back- and forward from a single crown, even in186 words
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Advertisement11 2006-01-17 1 COURT CASE jT3| M'sian tycoon Halim Saad rejects court judgment mrm11 words
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TOP STORIES
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Article, Illustration599 2006-01-17 2 CONRAD TAN - Don calls for setting up of pure grant scheme to help new enterprises By CONRAD TAN [SINGAPORE] Entrepreneurial activity is on the rise here, new figures show. But some observers say the government needs to plug funding gaps to encourage more high-techSource: Global Ensepeneuship Monitor - 599 words
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356 2006-01-17 2 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] The Australian government is likely to have another look at whether Singapore Airlines should be granted access to the lucrative Sydney-US trans-Pacific route. Media reports from Australia suggest that after six months on the shelf, the issue is356 words
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Article49 2006-01-17 2 IN the article "Ernst Young's 2006 Budget wishlist" (BT, Jan 13), we said: "Ernst would like the government to consider 'ringfencing' such capital allowances". The report should have said: "Ernst Young would like the government to consider not 'ring-fenc-ing' such capital allowances". We are sorry for the error.49 words
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461 2006-01-17 2 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur SOUTHERN Bank Bhd (SBB), Malaysia's ninthlargest lender, said yesterday it had given up its plan to buy Singapore insurer Asia General Holdings after being unable to meet takeover terms set by Malaysia's central bank in time.461 words
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Article, Illustration570 2006-01-17 2 S JAYASANKARAN - Court judgment suggests breach of trust By S JAYASANKARAN in Kuala Lumpur MALAYSIAN tycoon Halim Saad yesterday rejected a Court of Appeal judgment that raised eyebrows over alleged political patronage involving former finance minister Daim Zainuddin. In an impassioned 10page statement, the low-profile MrNSTP FILE PHOTO - 570 words
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Article742 2006-01-17 2 SM Goh: S'pore investments in India will go up SINGAPORE'S investments in India will rise, but not at the expense of those in China, says Senior Minister Goh Chok Tong. Mr Goh, who has driven Singapore's push into India, says that even with a Singapore-India free trade pact742 words
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Article, Illustration771 2006-01-17 4 CHUANG PECK MING - SM GOH IN INDIA But investments won't be diverted from China despite India trade pact Reports by CHUANG PECK MING in Ahmedabad SINGAPORE'S investments in India will rise, but not at the expense of those in China, says Senior Minister GohRAKESH SAHAI - 771 words
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229 2006-01-17 4 SINGAPORE wants to use the SingaporeIndia free trade deal to draw Japanese companies to set up a manufacturing base in the Republic for exports to India, Senior Minister Goh Chok Tong told business leaders in Ahmedabad yesterday. The Japanese are keen229 words
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Article133 2006-01-17 4 STI 2,401.20 (-4.66) ST INDEX FUTURES 2,403.00 (-5.00) siMsa 284.71 (-0.70) SIMSa FUTURES ***** (-0.10) MARKETS Monday Change KLSECOMP 906.53 -5.37 NIKKEI 225 -186.92 HANG SENG 15.777.72 10.25 SET INDEX 752.00 -3.72 JAKARTA COMP 1.235.26 -15.17 MANILA COMP 2.137.76 -10.51 SEOUL COMP 1,421.79 „+5.51 SHENZHEN 8 216.46 -5.94133 words
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539 2006-01-17 4 MANJUSHA DEVI - Speculation of deal drives up share price by 3.87% By MANJUSHA DEVI in Bangkok DESPITE continuing denials by the Shinawatra family, the Thai stock market is rife with speculation that there will be a share sale of the crown jewel539 words
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Advertisement94 2006-01-17 2 Our qualified professionals can assist you with offshore I'J'MtXrr structures, shelf companies MKyf and incorporations in ALL British Virgin Islands Cayman Islands Bahamas Mauritius Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information94 words
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Advertisement30 2006-01-17 2 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http'7/business-times.asial .com.sg. For more information, e-mail btocs©sph.com.sg or call 6388-3838.30 words
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Advertisement244 2006-01-17 3 SINCERE I THE— I WATCH SPECIALIST L uc I I |P I I'— I so Continuing its strong commitment to oiu 1 llk e\ceptional movement, with black ihodium plated biidgcsand rlJlSl/jSyJ/ Sf world's foremost purveyor of exclusive base plate enables a rcgulator-typc display with an adjustable time-zone timepieces, hopard introduces244 words
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Advertisement38 2006-01-17 4 "Haute Indian Cuisine" menu crafted I Wines for Tasting with the wines of Chateau Angelus I Chateau Angelus 1999 and La Fleur de BoOard. I La Fleur de BoOard 2003 I t^ v> II I I O K^Un38 words
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Advertisement10 2006-01-17 4 Get the full text of SM Goh's interview at httpy/business-times.asial.com.sg10 words
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Advertisement32 2006-01-17 4 flkk g wk J^sr yjj^^Bfc'skt* iViiiiiijfii BIRD'S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. KAra>@fe NOTICES I V32 words
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Advertisement70 2006-01-17 5 H§ m mm WW^^ y v 7"', r*WJ. f vv<'£% v.*.--. "7* MWm n urajttjto-&> ;,-;i•;.„ .1 W "i'l^V* **§3lfjf -.W 5 :^-v r®*'* .'^-."T*'"" S* I A 4 I V .H* »jfiw P. x •*/■>; v .< t wßmffiww all5bit"::» i, < ■v..a M*- k M%' &Wk\. W Htr*70 words
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Advertisement555 2006-01-17 6 China Aviation Oil (Singapore) Corporation Ltd +<94t 5* (*r rt.) ft <1 Company Registration Number: *****3293Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 11th Annual General Meeting of the Company will be held at Ballroom 1 3 (Level 2), Suntec Singapore, International Convention and Exhibition Centre,555 words
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COMPANY NEWS
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691 2006-01-17 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY FI ULFILLING the functions of a listed, commercially driven stock market regulator like the Singapore Exchange (SGX) is a difficult and often thankless job. On the one hand is the need to keep the market happy, which691 words
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647 2006-01-17 6 MICHELLE QUAH - He withdrew earlier permission given to special auditor KPMG: sources By MICHELLE QUAH DAKA Designs' chief executive Raymond Chow stepped in at the weekend to block the work of special investigators after they told him they planned to take away the hard disks647 words
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Article, Illustration423 2006-01-17 6 LESLIE YEE - By LESLIE YEE OCBC Bank is buying 2.57 million shares or a 0.54 per cent stake in Great Eastern Holdings (GEH) from three individuals through the issue of about 6.02 million new OCBC shares. Upon completion of the purchase from JoyceFILE PHOTO - 423 words
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278 2006-01-17 6 LESLIE YEE - By LESLIE YEE DBS BANK Hong Kong is selling its office building in Hong Kong's Central district through public tender. Following the sale, DBS Bank (Hong Kong), the sole occupant of 139 Queen's Road Central, will lease back the building for six years.278 words
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340 2006-01-17 6 WONG WEI KONG - By WONG WEI KONG CHINA Aviation Oil (Singapore) or CAO said yesterday it has settled a lawsuit filed by one of its creditors, Sumitomo Mitsui Banking Corporation (SMBC). Under the terms of the settlement agreement, CAO said it accepted liability340 words
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320 2006-01-17 6 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY MAINBOARD-LISTED IT (information technology) services provider Frontline Technologies Corporation Ltd has exercised a majority call option to increase its stake in its Indian company, Accel Frontline, from 42 per cent to 51 per cent. Frontline will do this by buying320 words
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Article, Illustration407 2006-01-17 7 ANGELA TAN - FUND RAISERS Shares sold at $1.08 each; firm raises $206 m from bond issue By ANGELA TAN CHINA-BASED Bio-Treat Technology saw its shares plunge almost 10 per cent yesterday after the wastewater treatment specialist said its executive chairman, Wing Hak Man, has407 words
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404 2006-01-17 7 LEE KIM SIANG - By LEE KIM SIANG CHINA Fishery Group Limited, a global coastal and industrial fishing operations enterprise aiming for a mainboard listing on the Singapore Exchange, has launched its initial public offer (IPO) yesterday. The company is offering 57 million new shares at $1.25404 words
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287 2006-01-17 7 Reuters SINGAPORE-LISTED FerroChina Ltd, a maker of galvanised steel coils, is planning to raise funds through a share placement to acquire another steel-making company, sources familiar with the deal said yesterday. The Changshu, China-based firm, which listed on the main board of theReuters - 287 words
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378 2006-01-17 7 ARTHUR SIM - By ARTHUR SIM ASCENDAS Reit (A-Reit) has announced its first acquisition of the year. The property is Plot 23 International Business Park, a seven-storey building with a gross floor area of 10,116 sq m, currently being built by Lab One Singapore. A-Reit says378 words
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Article, Illustration680 2006-01-17 9 But official says company is not for sale right now Bloomberg PEARL Energy Ltd, a Singa-pore-based oil explorer, may be a takeover target after oil prices surged last year, said Richard Lorentz, the company's chief business development officer. "We are on the radar screensBloomberg - 680 words
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COMPANY BRIEFS
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Article68 2006-01-17 9 BOUSTEAD Singapore said it will be proposing to adjourn its EGM—which was to be held tomorrow on the proposed dividend in specie of part of its stake in Easycall International to a date to be determined. Its announcement late last night said it was "in68 words
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70 2006-01-17 9 ZHONGHW Holdings said its China unit, Shaanxi Zhonghui Environmental Conservation Co, has won a 180 million yuan (5536.4 million) project to provide consultancy services and to design, build, install and operate a 1,200 tonnes a day integrated municipal solid waste treatment plant in70 words
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64 2006-01-17 9 TECHNICS Oil Gas said its unit, Technics Offshore Engineering Pte Ltd, has secured a $13.8 million contract from Norwegian company Prosafe for the supply of gas compression modules for its TUIFPSO project in New Zealand. Robin Ting, executive chairman and managing director of64 words
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SINGAPORE MARKETS
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Article, Illustration531 2006-01-17 8 R SIVANITHY - STOCKS There was also interest in technology stocks, but the focus seemed to be 'the cheaper, the better' R SIVANITHY Senior Correspondent IT'S not often that the stock market performs exactly as expected, but yesterday's session was one of those occasions. GivenSource: Bloomberg - 531 words
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Article, Illustration765 2006-01-17 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 16 and earlier) Subsantial No of Price rx SHAREHOLDING Shareholder/ Buy I Shares Per Before f After Stock Trans Pate Director Sell '000 Shr$ fOaO) ('000) Eucon Hldgs 16-Jan-06 Wen Yao-Long Buy ***** 0.13 ***** 1.95 ***** 4.16 Jadason 13-Jan-06765 words
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190 2006-01-17 8 MICHELLE QUAH - by MICHELLE QUAH MORE Del Monte Pacific shareholders have accepted NutriAsia Pacific's takeover offer for the company. Del Monte announced yesterday that NutriAsia's stake had risen from 52.18 per cent to 53.07 per cent. This followed Del Monte shareholders' acceptances involving 9.63190 words
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Article, Illustration1038 2006-01-17 8 MATTHEW PHAN - Compiled by MATTHEW PHAN Cheung Woh Technologies Jan 16 dose: 22 cants PHILLIP SECURITIES RESEARCH WE wrote in our earlier reports that we believe Cheung Woh's FYO6 earnings should be back-end loaded in anticipation of the production ramp of two additional aircomb programs from two HDD custom- ers, andSource: Bloomberg - 1,038 words
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Article, Illustration520 2006-01-17 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent GOLD exploded to a fresh 25-year high in Asian trading yesterday, jumping 2 per cent to finish at US$559 an ounce after the US dollar's fortunes sagged anew at the close of trading last week. The yellow metal eventuallySource: Reuters - 520 words
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Advertisement558 2006-01-17 9 Wmmjm g HffßnrWiiiiftfiri''• JMK I It aBHBBQBS^^,-^_ £,~A„|f tv -■i aJ|^— a:-*/. S Rewarding IS the word. I upgrade on your I p ESh&2|^^|KSSh |g|| Fly ANA Business or H next tr j p t ISt r nze Economy Class from c I One Business Claw ticket xML Simply make558 words
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Advertisement171 2006-01-17 9 r Start the New Year with a roaring deal from Standard Chartered. Enjoy 6% Cashback on petrol on top of any station discounts. Offer is valid at ANY petrol station, island-wide. 0- Offer is valid across all Standard Chartered Credit Cards. So don't wait. Start charging now! For more information171 words
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SINGAPORE NEWS
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Article, Illustration511 2006-01-17 10 OH BOON PING - Drop due to lower car sales, fewer visitor arrivals, and year-end wait By OH BOON PING AFTER two straight months of expansion, retail sales have contracted by a seasonally adjusted 8.7 per cent in November last year from October due to slowerFILE PHOTO - 511 words
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SINGAPORE ROUNDUP
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128 2006-01-17 10 A NEW TV programme about Singapore's manufacturing industry Made in Singapore will air on Thursday at 8.30pm on MediaCorp's Channel 8. With the show, the Economic Development Board (EDB) aims to increase manufacturing's sustained importance to the country's economy, as well as raise awareness128 words
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Article110 2006-01-17 10 THE International Trade Institute of Singapore (ITIS) celebrated two milestones yesterday. It marked the 1 Oth anniversary of its collaboration with Japan's Association for Overseas Technical Scholarship (AOTS), which trains participants from developing countries. And it also moved into a new office in the Singapore Power110 words
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240 2006-01-17 10 THE revised Registers of Electors for all 23 constituencies have been completed and will be exhibited for public inspection from today at the Elections Department, the Inspection Centres for the respective constituencies and at Overseas Registration Centres. Applications for registration as overseas240 words
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355 2006-01-17 10 LESLIE YEE - And Citibank says customers availing its investment advice do better By LESLIE YEE THE strong showing of retail mutual funds in Singapore last year has been confirmed by analysts at Standard Poor's. The figures show an average return of 10.8 per355 words
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238 2006-01-17 10 HONG Leong Finance (HLF) is going full-fledged into marketing insurance products to its customers it announced a tie-up yesterday with insurance giant AIA to offer a full range of AIA insurance products to meet the protection, health and savings needs of HLF's customers.238 words
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640 2006-01-17 10 ANNA TEO - YESTERDAY IN PARLIAMENT Reports by ANNA TEO STfIFFER penalties await those who evade national service. Not only will the maximum fine be doubled to $10,000, the Ministry of Defence (Mindef) will, in "serious" cases, press for a jail term. Serious cases include640 words
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Article404 2006-01-17 10 S'pore in pilot project to control bird flu SINGAPORE is involved in a pilot project with Indonesia and the United States on the control of bird flu. The project, mooted at the Asia-Pacific Economic Cooperation summit in South Korea last November, will see how preventive and control measures404 words
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Article, Illustration307 2006-01-17 10 ROLAND LIM - By ROLAND LIM BIOMEDICAL research projects here yesterday received a $29 million boost from the Agency for Science, Technology and Research (A*Star). The funding was awarded as a result of the fourth grant call from A*Star's Biomedical Research Council (BMRC), which saw 50 out of307 words
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SMEspotlight
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Article, Illustration1001 2006-01-17 11 UMA SHANKARI - With the sector opening up, SMEs have access to a variety of projects, and help is at hand from Spring, writes UMA SHANKARI UMA SHANKARI SINGAPORE is fast becoming a global player in the water industry, and this due in no small part to SMEs, whoREUTERS - 1,001 words
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Article, Illustration827 2006-01-17 12 CONRAD TAN - Franklin Offshore plans to expand into India, China, Kazakhstan and the Middle East this year, reports CONRAD TAN CONRAD TAN Franklin offshore International managing director Angie Tang has no illusions about her role in the company. "Although I'm the MD, I'm still a salesperson,", she said. SheARTHUR LEE - 827 words
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Article6331 2006-01-17 12 UNIT TRUSTS FUNDS AIM Amro Asset Mgt (S'pore) Star Europe Eqty!** 0.882/ Star Europe Bond 1 -202/ Star Europe Bal— 1-153/ Star Asian Tiger Eqty 1.176/ Star Asia Bond 1313/ Star Asia Balanced 1 09/ Star Global Technology fund 1 0.218/ Mult. St» 1061/ Star Asia Bond(USO) 0 806/ Gb6,331 words
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Article, Illustration627 2006-01-17 13 OH BOON PING - SMALL CAPS OH BOON PING finds out how the design, branding and comms company stays ahead OH BOON PING LIKE many manufacturing services companies, Communication Design International (CDI) delivers end-to-end solutions to its clients except that it is in the business of design, branding627 words
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Article, Illustration1190 2006-01-17 13 KALA ANANDARAJAH - SMEs need to know their legal rights in cases of alleged violation of Competition Act By KALA ANANDARAJAH THE first article in this series, two weeks ago, provided an overview of the new Competition Act, and the key prohibitions that SMEs needed to be awarePhoto: Reuters - 1,190 words
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359 2006-01-17 13 TEH HOOI LING - By TEH HOOI LING IT WAS a tale of mixed fortunes for our small cap portfolio last week, with companies in the same industry seeing big diversion in their share price performance. While hard-disk drive component maker Magnecomp made it as the top gainer359 words
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Advertisement271 2006-01-17 11 JIM 1 ,r .j#* >\."'4^. *J'~ i- f*'-'"V* Sg& T ~j&^ly'3f' j^jjjr^T l If you are looking to expand your business globally, join us at International Enterprise Forum (IE Forum) 06, Asia's premier event on internationalisation. Themed "The Globalisation of Asian Enterprise", over 30 renowned speakers, including international business guru,271 words
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Advertisement41 2006-01-17 12 jr f Altianz Global Investors one of world's top five asset management groups AlliatlZ (jfi) with more than US$1.45 trillion' of assets under management. Global investors Source: Watson Wyatl As at 31 December 2004 Source As at 30 lune200S no *****7,69241 words
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Advertisement6 2006-01-17 13 phoenix Make an affordable call www.phocnixcomms.com6 words
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ECONOMY WATCH
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Article, Illustration791 2006-01-17 14 Compromises with leftist allies will hurt growth and investment say analysts Reuters [NKW DELHI] India's economic reforms will face increasing opposition from the government's communist allies in 2006, keeping a brake on the pace of change, and any compromises will hurt growth andReuters; AP - 791 words
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Article, Illustration413 2006-01-17 14 Reuters [TOKYO] Japan can beat deflation in 2006, probably by September when Prime Minister Junichiro Koizumi's term expires, Economics Minister Kaoru Yosano said yesterday. "By the end of this year I expect people to be able to have a real feeling thatReuters; REUTERS - 413 words
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315 2006-01-17 14 Focus on services will boost financial markets: mayor AP [SHANGHAI] China's financial hub of Shanghai is aiming for economic growth of 9 per cent or higher per year over the next five years to transform into one of the world's leading business centres, theAP - 315 words
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786 2006-01-17 14 AP [WASHINGTON] Like a person packing on pounds, the United States keeps adding to its flabby Budget deficits, endangering the nation's economic health and the pocketbooks of ordinary Americans. Here's the worry: Persistent deficits will lead to higher borrowing costs for consumersAP - 786 words
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MALAYSIA/INDONESIA
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Article, Illustration532 2006-01-17 15 PAULINE NG - Huat Lai shares up 20 sen on fivefold jump in trading volume to 4m units By PAULINE NG in Kuala Lumpur SHARES of Huat Lai Resources soared late last week after it emerged that Singapore investment company Temasek Holdings would ownSource: Bloomberg - 532 words
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397 2006-01-17 15 [JAKARTA] PT Bank Mandiri is very close to an agreement with billionaire Putra Sampoerna on a US$4Ol million purchase and debt settlement deal for pulpmaker PT Kiani Kertas, the Jakarta Post reported citing a bank official. The lender will, however, remain397 words
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Article2429 2006-01-17 15 VOL mit KM r«0W AiM Realty 1.45 -0.01 8 Abric -031 -0.03 96 ACP Industries 0.69 -0.01 63 Advance Synergy .0.23 -0.01 79 Adventa .027 -0.02 22 AE Mutti .028 unch 125 Affin Hldgs 1.58 -0.01 157 Ahmad Zaki Res 131 unch 0 AlCCorp 1.13 -0.01 15 Air2,429 words
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Article, Illustration253 2006-01-17 15 AP [PENANG] A homemade bomb filled with nails and bullet casings exploded outside a shopping mall on the Malaysian resort island of Penang, killing one man and injuring another, the authorities said yesterday. Police said the small, crude bomb went off on SundayAP - 253 words
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Article, Illustration600 2006-01-17 15 SHOEB KAGDA - INDONESIA INSIGHT Boosting efficiency, growth is the way to create jobs SHOEB KAGDA Jakarta Correspondent FACING rising unemployment in the country, Bank Indonesia (BI) has come up with a novel way to combat tfie problem restrict foreign employees at banks that have foreign ownerships. Bank Indonesia600 words
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Advertisement144 2006-01-17 15 UNITED OVERSEAS BANK LIMITED (Incorporated in Singapore) (Co. Reg. No. *****0026Z) f f LOST SHARE CERTIFICATES The undermentioned certificates have been reported lost, destroyed or mislaid:Nme CwtHtcf No. No. o< than* LEE YEE PIN *****44-9 20 -do- *****11-3 0' 2 -do- *****14-2 33 -do- *****16-8 10 -do- *****83-0 224 -do-144 words
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Advertisement507 2006-01-17 16/17 I INITIAL PUBiaCIOFFERING SSaBBM iHMtlnrll ■Bt\ vt.K/ißaj > innißHfiKr i l wr wUxl!&wi<iWk li/lKrmf TL Jr u Ik Cl> mm 5 B Jm*J ■ia»gli IM^MLt Y-W M*>g Mj lkfc!\gp] ii> I'l 1 I L, IBBkMMHHv wv Hv^flM wjsKSJrcfiGußH i M yf f i/vl v i CHINA ..fa..,. f,shery .......:>.'x.T: M507 words
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GREATER CHINA/INDIA
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519 2006-01-17 18 But India-S'pore treaty says Temasek and GIC are independent Economic Times [MUMBAI] The Reserve Bank of India (RBI) has barred Singapore's investment company Temasek Holdings from further raising its stake in ICICI Bank, the country's largest private sector bank. TemasekEconomic Times - 519 words
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Article, Illustration133 2006-01-17 18 AFP AP [MUMBAI] The Standard Chartered Mumbai Marathon 2006 got off to a good start on Sunday as thousands of the city's residents turned up to support top athletes from around the world, including Ethiopia and Britain. Adding glamour and star power toAFP; AP; PHOTOS: AFP, AP - 133 words
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Article, Illustration390 2006-01-17 18 Bloomberg [MUMßAl] India's Sensex fell for a fifth day, posting its longest losing stretch in more than four months. ICICI Bank and Reliance Industries declined. "The overseas fund selling on Thursday may have caused some concern in the market," said JayeshBloomberg; Source: Bloomberg - 390 words
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211 2006-01-17 18 [MUMBAI] Sun Pharmaceuticals is scouting for acquisitions in the US generic drugs market with a US$45O million war chest, says the Business Standard. A Sun Pharmaceuticals executive confirmed the company was on the prowl in the US. "However, no significant progress had been211 words
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Article397 2006-01-17 18 Overhaul of state-owned firms moves ahead AFP [SHANGHAI] China is expected to resume initial public offers (IPO) no later than the second half of the year, lifting a suspension that was aimed at alleviating a liquidity crisis and spurring reform, state press reported yesterday.AFP - 397 words
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381 2006-01-17 18 Bloomberg [BEIJING] China's banking regulator has set new benchmarks to determine Industrial Commercial Bank of China, Bank of China and other lenders' vulnerability to foreign exchange, interest rates and other forms of risk. The benchmarks, which were implemented on Jan 1, replaceBloomberg - 381 words
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242 2006-01-17 18 AFP [SHANGHAI] China is planning a new exchange in Shanghai to trade financial derivatives as part of a broader plan to overhaul its rickety financial system, state press reported yesterday. The China Business News quoted unidentified sources as saying that the five majorAFP - 242 words
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ASIA-PACIFIC/WORLD
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504 2006-01-17 19 Analysts say offer price for Dutch research company not generous Bloomberg Reuters I AM ST HR DAM I The world's private equity firms have offered to buy the Dutch market research company VNIJ for as much as 7.3 billion euros (5514.4Bloomberg; Reuters - 504 words
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Article, Illustration313 2006-01-17 19 ISINGAI'ORKI Credit Suisse, Switzerland's sec-ond-largest banking group, lias launched a single global brand, with a changed logo. Credit Suisse yesterday announced a major rebranding exercise, dropping the First Boston name that has been associated with the Swiss firm since 1 '>78 andREUTERS - 313 words
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Article, Illustration520 2006-01-17 19 Reuters INFW YOKKI Consumer spending on luxury fronds in the IJS is poised to grow more this year as middleincome shoppers opt for high-class brands and wealthy consumers turn U> luxury experiences, retail experts said on Sunday. Since the first of theReuters; AP - 520 words
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570 2006-01-17 19 Energy firms and railcar maker lead IPO debuts this year Reuters INKW YORKI The first corporate newcomers to the US stock market this year have an old-economy look. As the initial public offering calendar gets Veiling, investors are looking at traditional smokestack industries.Reuters - 570 words
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345 2006-01-17 19 AFP Bloomberg IHANCKOKI Thailand's billionaire Prime Minister Thaksin Shinawatra launched his own reality show yesterday, chronicling his five-day stay in a poor village living with farmers. The programme, called Backstage show. The prime minister, will run for 96 hours through Friday onAFP; Bloomberg - 345 words
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WORLD WATCH
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122 2006-01-17 19 Bloomberg |I.()NIX)N| Schroders pic's joint venture with Hank of Communications that soils U> Chinese clients lost half its assets months after selling its first fund, as clients took profits on investment gains. The fund raised about US$6OO million of assets when it was startedBloomberg - 122 words
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88 2006-01-17 19 AFP IMANOII SABMiller, th« world's second-biggest brewer, is to invest in a US$45 million brewery in Vietnam through a joint venture with local dairy products K r <>up Vinamilk. In a posting on its website, Kritish-based SABMiller said it and Vietnam Dairy Products willAFP - 88 words
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125 2006-01-17 19 AP ITOKYO) Prosecutors yesterday raided Japanese Internet company IJvedoor Co, whose outspoken chief executive had grown into a star here for trying to buy media conglomerates and running in nationwide elections. Television stations reported the company was being investigated on suspicion of violating securities laws.AP - 125 words
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99 2006-01-17 19 Bloomberg I LONDON) ArcelorSA, the world's second-biggest steelmaker, raised its offer for Canada's Dofasco to C 55.5 billion (557.7 billion) in cash, topping a rival bid from ThpeenKrupp. Arcelor is offering Cs7l a share, 4.4 per cent more than ThyssenKrupp's Jan 14 bid ofBloomberg - 99 words
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90 2006-01-17 19 Reuters IMANII.AI A iawyer lor me late Philippine dictator Ferdinand Marcos yesterday filed an impeachment motion against President (iloria Arroyo, reprising a failed attempt by the opposition to oust her last year. But the complaint by Oliver Lozano cannot be considered by Congress until JuneReuters - 90 words
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AVIATION
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Article, Illustration505 2006-01-17 20 Cases include flights taking off and landing without permission Bloomberg [TOKYO] Japan Airlines Corp (JAL), the country's largest carrier, was ordered by the government to file a second proposal in 11 months to improve its management after it failed to stem incidents ofBloomberg; AFP - 505 words
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Article508 2006-01-17 20 Asian, Mid-Eastern airlines more than triple seating in Jan Bloomberg [LONDON] Qantas Airways Ltd's Jetstar Asia unit and the United Arab Emirates' Air Arabia led an average 18 per cent increase in lowcost airlines' global capacity in January as Asian and Middle Eastern carriers moreBloomberg - 508 words
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224 2006-01-17 20 Reuters s [STOCKHOLM] Scandinavian airline SAS said yesterday it was tightening up the inspection and servicing of its planes after Swedish authorities identified gaps in its safety checks on 10 aircraft. Separately, a Swedish daily reported the carrier was in talks toReuters - 224 words
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292 2006-01-17 20 Bloomberg [SINGAPORE] Singapore Airlines Ltd (SIA), the world's second-largest carrier by market value, filled more seats and cargo space in December for a fourth straight month, helped by increased global trade and travel demand. The airline filled an average 70.9 perBloomberg - 292 words
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Article, Illustration313 2006-01-17 20 [SINGAPORE] Singapore will be the first Asia-Pacific destination for Air New Zealand's new Boeing *****0ER planes scheduled to arrive on Feb 17. "Singapore is our regional hub and we have heavy traffic through Changi as all our traffic feeds from India, Thailand, IndonesiaYEN MENG JIIN - 313 words
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Article623 2006-01-17 20 CITY HJ8WT ETA FUWTT HB AbaNtabi BY501A 1725 naaii f|| n 'It llll 0541 MB P taiikpapwi <jjA|4g <j>Ag4| 1 ||g Cairo ***** 6715 f| Cap* Town ***** 6765 OSi MiStt 1916 Mi5tt 09tt Owwg* 1 gA4M 0840 CA464 6746 I m Jm CMcago UAS9S 23B623 words
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Page 20 Miscellaneous
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Miscellaneous172 2006-01-17 20 CRYPTIC CROSSWORD 3 Appears wet, perhaps, but do jt again (9) YESTERDAY'S SOLUTION 16 Willing scholar comes up to Across* 1 lordan 4 Gasliaht 8 4 Object to being not quite so- hoin Across. Joraan 4 (jasimnt, (5\ help (8) Citron, 9 Noah s Ark, 10 Bedcover, k fin=.i rrmac,172 words
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SHIPPING/TRANSPORT
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Article, Illustration546 2006-01-17 21 DONALD URQUHART - Slower growth in HKdue to rise of cheaper Pearl River Delta terminals By DONALD URQUHART [SINGAPORE] Singapore has overtaken Hong Kong as the world's busiest container port for the first time in seven years, edging ahead of its north Asian rivalFILE PHOTO - 546 words
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495 2006-01-17 21 Bloomberg [LONDON] Shipping rates will probably fall for a second straight year as the fleet of coal and iron-ore carriers grows faster than the world's demand for commodities. Bevenue for the largest dry-bulk vessels may average U5532,000 a day this year, basedBloomberg - 495 words
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300 2006-01-17 21 AFP [NEW DELHI] The Supreme Court yesterday banned a decommissioned French warship from entering India's waters before Feb 13 when it is due to give a final ruling on whether it can be scrapped in the country, a court official said.AFP - 300 words
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Article282 2006-01-17 21 SGX '000 Jan 16 SS Vol CH Offshore 0.38 -0.01 893 ChuanHup 0.39 unch 1273 Cosco Corporation 2.28 unch 5262 CWT Distribution 0.84 0.02 162 Ezra Hldgs 1.54 -0.02 689 Freight Links 0.06 unch 35 Grand Banks Yacht 0.90 unch 21 Jaya Holdings 121 -0.03 445 K1 Venture282 words
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222 2006-01-17 21 AFP [TAIPEI] Yang Ming Marine Transport Corp, a leading Taiwan shipper, said yesterday it has established a logistics joint venture with China Changjiang National Shipping (Group) Corp. Through its whollyowned subsidiary Yes Logistics Corp, Yang Ming Marine holds a 49 per cent stakeAFP - 222 words
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254 2006-01-17 21 Reuters [PARIS] Eurostar, the train service linking London to Paris, Brussels and other destinations, yesterday reported a 7 per cent rise in sales last year to £464 million (Ssl.3 billion). It said it carried 7.5 million passengers, up 2.4 per centReuters - 254 words
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Article, Illustration525 2006-01-17 21 Dockers oppose EU plan to liberalise port services AP [STRASBOURG, France] Thousands of dock workers held a tumultuous march on the European Parliament headquarters yesterday to protest a European Union (EU) plan to liberalise port services. Police fired pepper gas into a crowd of demonstrators inAP; AFP - 525 words
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EDITORIAL & OPINION
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543 2006-01-17 22 EDITORIAL SHARES of the Singapore Exchange (SGX) were one of the biggest gaining blue chips on the local bourse last year. That comes as no surprise, given its record profits and generous dividend policy. It has been good news so far this year543 words
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Article, Illustration1345 2006-01-17 22 LEON HADAR - Emerging democracies likely to go to war as they have weak political institutions LEON HADAR Washington Correspondent IF YOU'VE been listening to the recent "democracy is the way to go" sermons by US President George W Bush and his advisers, you'll haveAFP - 1,345 words
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Article, Illustration744 2006-01-17 22 NEIL BEHRMANN - THE BOTTOM LINE NEIL BEHRMANN London Correspondent AWASH with petrodollars, the members of the Organisation of Petroleum Exporting Countries (Opec) and other oil producers are increasingly calling the shots in world markets. Moreover, compared with the previous oil booms of the 1970s and744 words
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Article, Illustration1294 2006-01-17 23 TAN JIN SAN - Chinese automakers have to tackle quality, efficiency and IPR issues but are set to resolve them quickly By TAN JIN SAN CHINA'S fledgling automotive industry is set to become the world's third biggest auto market with output of vehicles in expected to reach 5.6 millionREUTERS - 1,294 words
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783 2006-01-17 23 Goh Guan Siong Singapore - LETTERS TO THE EDITOR Goh Guan Siong Singapore I REFER to the article "The plight of minority shareholders" by Mak Yuen Teen (BT, Jan 11). Mr Mak highlights three issues to illustrate the practical realities faced by minority shareholders despite Singapore's apparently robust regulatory783 words
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123 2006-01-17 23 Denis Distant Singapore - Denis Distant Singapore I REFER to the report "EGM called to decide Airocean directors' fate" (BT, Jan 16), which resulted in the company requesting SGX to halt trading in its shares. SGX needs to be stricter in handling requests for trading halts otherwise123 words
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Article607 2006-01-17 23 Narayana Narayana Singapore - Aim of IPOs then and now Narayana Narayana Singapore HAVING followed the growth of public issues in the Singapore/Malaya region from the earliest days, I long ago came to the conclusion that the interests and/or aspirations of investors, and promoters and others actively involved in the flotation of IPOs are607 words
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Page 23 Advertisements
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Advertisement102 2006-01-17 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph.com.sg or 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.102 words
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Article10628 2006-01-17 24 SGX MAINBOARD Transaction date: Jan 16 52 -Wk T«l Last Vol Day Ust Quote GrOnr Mv GrYM MM MCap High Low Code Company Sale COBO) Higll low —yor 5*r Cw Hi Sm* 7.5 2 5716 1st Software 5t 3 unch 600 3 2.5 2.5 3 12.1 22 610,628 words
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Article6166 2006-01-17 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES hi IbuI am Id SS ta UM \dy x r *<>Y *v Im t3 lfx»e« Ch«nq» Chsny OiMnQ9 Chang* Ofop* Chsny IheWorU Index Preliminary 9948 -0! 16.7 0.1 11*_ -0.1 114 i LAf E Preliminary 991.4 -0.5 283 -0.1 154 -03 16,1 t6,166 words
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Page 26 Advertisements
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Advertisement1020 2006-01-17 26 lllllliilKd K jjßtffitffMfll MMmld A Jfl| I oto .>- -1; A s8 Mm i I JIH hi nil ill iil|M j||l|||||| J S%. I V- 1 NYK GROUP SOUTH ASIA PTE LTD r v te*****0123 JL AZJME tfcjEgaf M 11 LINE Fax: 6292 2856(Regional sales)/6239 7109(OPS)/6299 5785 (Documentation) NIPPON YUSEN1,020 words
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Advertisement699 2006-01-17 26 |»WA>utotomvKi VBSBL/VOT IMUKI) IBGHHW) WG KOI IP SW JKT STVAITS VENTURE 02/06 IS 3.1 23/01 26/01 31/01 03/02 05/02 STttlTSVBmMtt 03/06 IS 3.2 07/02 10/02 STtAITS EXPRESS TM 30 4.1 M/ 02 [AUSTRALIAN RORO SERVICE I VBStt/VOY BAMWT) HBGWTUDI U» SW 1 SYP MB. IK Bl IT I ill I699 words
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Page 27 Advertisements
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Advertisement909 2006-01-17 27 i •i si ■Hbi J® 8 VVE CARRY, WE CARE. WAN HAI IJNES LTD, having the most intensive 4 J &lj and complete service network for ocean carriage, from Asia-Pacific to Mid-East, U.S West Coast, r r f.S'r' Europe expanding continuously throughout every 4iJi&^t• *C 7 k"A spot in the909 words
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Advertisement1109 2006-01-17 27 WmiK m rus vessel voy IT jkt su» hkg usn pus HT PtOGKESS 107S It/1 21/1 24/1 21/1 30/1 1/2 1/2 KMTC PUSAW WIS 22/1 2S/1 24/1 31/1 4/2 4/2 HYItIOGC IOtS 24/1 21/1 2/2 4/2 4/2 1/2 1/2 KMTCS SIWGAPOtE 601S 29/1 1/2 2/2 7/2 11/2 12/2 VESSa VOY1,109 words
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Advertisement848 2006-01-17 27 W WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL 1 VOY 1 SIN PJUANG COLOMBO N. SHEVA COLOMBO lIMV mi PHI OIOOW 30 JAM 31 JAM 03 FEB BLffl HUE 10UHVUU YFHO3I 06 FEB 07 FEB 10FB 081 lifU HOWtAH BBIDGE WW 13 FB848 words
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THE BUSINESS TIMES SHIPPING TIMES
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6978 2006-01-17 28 This ■•i i*» AdvtrtiMr Vessai Voy age Tttephon# I SIN Dait'n Nam* Man* Numlwr Numtur 5 1 To ABIDJAN (ABJ) 2003 Cote D'lvoire 2 28/01 07/03 China Shpg CMACGMK0M0D0 SX207W *****898 j 30/01 25/02 Detmas DEIMAS FORBIN 610W *****344 04/02 07/03 China Shpg CMA6,978 words
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Page 28 Advertisements
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Advertisement401 2006-01-17 28 VESSEL VOY Sl* PGU VESSEL VOY SjN JKT PACIAHDA 1643N 13/0] 13/01 11/01 17/gl PAC lAHDA 1644N M/ 01 M/fil_ js] JKfi CSF 2301 0225P M/OJ 15/01 Iff IK 7555 55/51 ***** ii/oi B/ol EKBBE I m ~dsr~ v!m CSF 2301 fi224E 16/0) 11/fil_ raciali 4203 30/01 06/02 PAC lAHDA401 words
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Advertisement432 2006-01-17 28 VISSfI 1 VOY 1 PKi I UN KARACHI I PXI BAB I NHS PMM UK KH<^l WAN KOBPttTiAM KL 1114 11/01 SKIP 21/01 19/01 03/02 06/02 09/02 WAN SATTAJM KL 1116 23/01 23/01 01/02 04/02 OS/02 11/02 14/02 17/02 HAN SHAHRYAt PCI tilt 29/01 23/01 07/02 VtSSIL VOY SIN NHAVA432 words
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Advertisement340 2006-01-17 28 BSfl x MYANMA nM FIVE STAR UNE (Myanmor National Line) Loading for Yangon VESSEL VOY SIN PKL PEN PGU CHIN SHWI HAW 90W SID PAGAN 349W SID IN MALAYSIA: lOUSTIAD SHIPPING AGENCIES UIL/PKL: 03-*****3U PIN: 04-2*3301 S jjiamuiuiaE ACCEPTING CONVENTIONAL CBO VESSEL VOY WG SIN PKL KCH TMI ITU SO*340 words
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PROPERTY
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Article, Illustration500 2006-01-17 30 Office vacancies dropped to 12% in 2005, lowest level since Asian crisis AFP [BANGKOK] After fleeing Thailand in the wake of the 1997 Asian financial crisis, companies are flocking back to expand in the kingdom due to its strong economy, with office rentsAFP; REUTERS - 500 words
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188 2006-01-17 30 Bernama [MELBOURNE] As many as 6,000 investors, including hundreds of Asians, are likely to lose Asl billion (Ssl .2 billion) with the collapse of property giant Westpoint Corporation. Projects involving 3,000 apartments are in various stages of completion, according to TheBernama - 188 words
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292 2006-01-17 31 ANOTHER Malaysian developer hopes to attract Singapore investors to its private residential properties. This time, it's The Lion Group, which is marketing luxury condominiums in Kuala Lumpur's Golden Triangle retail area, at Jalan Nagasari, off Jalan Raja Chulan. The group was behind Malacca's292 words
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298 2006-01-17 31 A 32-UNIT four-storey apartment building at Pasir Panjang Hill is up for collective sale with an asking price of $28 million for the freehold 63,707 sq ft site. Based on a plot ratio of 1.4 and an additional development charge of298 words
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Article, Illustration314 2006-01-17 31 ALEXANDRA HO - Business space rented out through agents doubles to 250,000 sq ft By ALEXANDRA HO BUSINESS space provider Ascendas is reaping the rewards of its programme the Ascendas Partner Rewards to provide incentives to real estate agents to close deals. It has reported a doubling of314 words
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667 2006-01-17 32 KALPANA RASHIWALA - Market looking to see if bids in tomorrow's tender will top that for Orchard Turn site By KALPANA RASHIWALA THE property market is asking whether tomorrow's tender for the Glutton's Square next to Somerset MRT Station and Specialists' Shopping Centre will667 words
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329 2006-01-17 32 ARTHUR SIM - By ARTHUR SIM THE Baywater Collection site at Sentosa Cove has only just been awarded but its new owner, Ho Bee Investment, says it will be ready for launch in the fourth quarter of this year. Ho Bee general329 words
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Page 30 Advertisements
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Advertisement808 2006-01-17 30 Vote for your Story of the Year They featured prominently in 2005: integrated resorts, JTC, the Jetstar-Valuair merger. From the more than 6,000 stories written by BT journalists last year, we shortlist these three for their crisp writing, succinct presentation and the impact they created among readers. If one of808 words
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Page 31 Advertisements
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Advertisement252 2006-01-17 31 Im Grade A office building in Raffles Place Winner of Prix d'Excellence award, the Oscars of the I real estate industry Strata area of 12,196 sq.ft. on high floor with I excellent view Raised floor system, column-free space J I Ideal for financial institutions, major professional 1 1 services companies252 words
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Advertisement124 2006-01-17 31 PRIME DEVELOPMENT SITE OXFORD ROAD BANK'S AUCTION 18/J/06 KENT RD area 14,435 sq ft I Freehold n m Corner plot Z OXFORD RD double frontage k o #|#M > R e g u ar and flat land z Development potential g for apartments O Plot ratio 2.8 1| *5 mins124 words
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Advertisement140 2006-01-17 31 I^January to 12February 2006 Festive I 'Lunch Akßjjljwk Adult $26.80+++ 1 Child $18.80+++ Weekday 5.30pm Adult $18.80+++ I Child $13.80+++ HOTEL PHOENIX Weekend 3.30pm 5.30pm Adult $21.80+++ Child $15.80+++ ChineseNewYear Fest Js£P.T er j 0 Adult $29.80+++ Child $20.80+++ 'l 7) P (|1 iff O f H* (Excluding 29 &30140 words
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Page 32 Advertisements
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Advertisement453 2006-01-17 32 M HV| Pj kBHUiII fStATt r|TlT| I |v&| iE T E Land 16,067 sf, PR 2.8, 36 storeys «<not» V n n,... c? -..""y Existing 30 apts of about 650 sf cq |y M fl ewßjw Redevelop or refurbish suwhw WT J^" h 1 Good rental market O *3»C* <*»453 words
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Advertisement187 2006-01-17 32 iillllll CUSHMAN WAKEFIELD* Global Real Estate Solutions 1 FOR SALE-AND-LEASEBACK HI-TECH INDUSTRIAL DEVELOPMENT IN YISHUN Land Area Approx. 640,000 sq ft Floor Area Approx. 760,000 sq ft Tenure HDB 30 years wef 1 Dec 1988 with option to renew a further 30 years Balance approx 43 years) Max Gross Plot187 words
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