The Business Times, 19 January 2006

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Total Pages: 32
1 32 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents -online at http://business-times.asia 1 .com.sg MICA (P) *****3/2005 Thursday January 19,2006
    17 words
  • 861 1  -  Livedoor triggers further frenzied selling and shuts down exchange By ANTHONY ROWLEY in Tokyo THE Tokyo stock market was plunged into near chaos yesterday when an avalanche of selling orders triggered by Monday's raid by prosecutors on the Livedoor Internet empire forced an early shutdown
    REUTERS; Source: Bloomberg  -  861 words
  • 631 1  -  By KALPANA RASHIWALA [SINGAPORE] Giving a strong signal that it believes the recovery in the property market is for real, Far East Organization yesterday scored a double victory. The property giant was the highest bidder for the former Glutton's Square site
    631 words
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  • TOP STORIES
    • 469 2  -  Shell Eastern, SingTel and Vital Solutions are among the tops By OH BOON PING [SINGAPORE] At an awards ceremony yesterday for companies in Singapore, National Development Minister Mah Bow Tan spoke of how the country "mustcontinue to provide the economic
      YEN MENG JIIN  -  469 words
    • 555 2  -  Some analysts see major turnaround for sector By WONG WEI KONG [SINGAPORE] A bad day for technology shares in Singapore and elsewhere yesterday belies an upbeat report for the coming year by US broker Merrill Lynch. The Singapore tech stocks fell, along
      555 words
    • 658 2 High Asian growth at risk as firms turn cautious ASIAN companies have turned conservative, raising the question of whether the region can continue to post high growth rates, says Deutsche Bank managing director Michael Spencer. Mr Spencer said Asian economies will sustain their growth rates in the first
      658 words
    • 497 4  -  Conservative view will slow region's growth rate: Deutsche Bank By GENEVIEVE CUA [SINGAPORE] Asian companies have turned conservative, raising the question of whether the region can continue to post high growth rates, says Deutsche Bank managing director Michael Spencer. Mr Spencer, who
      AP  -  497 words
    • 504 4  -  Secondary airports still open to foreign low-cost airlines By VEN SREENIVASAN [SINGAPORE] Indonesia has insisted that it will maintain its bar on foreign low-cost carriers LCCs from flying into its major cities, although it will continue to welcome them at
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    • 137 4 sn 2,***** (-17.66) ST INDEX FUTURES 2,360.00 (-19.00) siMsa ***** (-1.96) SIMSa FUTURES ***** (-3.60) MARKETS Wednesday Change KLSECOMP ***** -&20 NIKKEI 225 15.341.18 -464.77 HANG SENG 15.481.21 -94.99 SET INDEX 736.40 -1433 JAKARTA COMP 1.***** -19.67 MANILA COMP 2,125.45 -28.85 SEOUL COMP 1352.91 -36.67 SHENZHEN 8 *****
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    • 241 2 ,it v L Uppe R jls c lu b Dining Entertainment f*£f v Happy 8c Prosperous > Lunar New Year ii, Av Celebrate with Master Chef Chong, a specialist in the Chinese Culinary World as he showcases his creations at Upper Club this Chinese Lunar New Year. Mastering the great
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    • 715 3 ADVERTISING FEATURE NOVENA MEDICAL CENTER The New Paradigm for Healthcare SINGAPORE THE HEALTHCARE HUB A NEW BEACON OF EXQUISITE ATTBsmONTO DETAILS A HEARTBEAT AWAY MEDICAL EXCELLENCE "Singapore, wrth its excellent healthcare system, a I j S Architecture therapy: where light and i H Large glass panels offer a captivating vast
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    • 487 4 I I THE MONETARY AUTHORITY OF SINGAPORE TENOR APPROXIMATELY 5 YEARS TOTAL AMOUNT OFFERED SGD 2,400,000,000 MINIMUM DENOMINATION SGD 1,000 MAS'INTENDED TENDER AMOUNT SGD 200,000,000 I (NON-COMPETITIVE) m I ISSUE CODE N*****0E ISIN CODE 5G7E*****983 ISSUE DATE/SETTLEMENT DATE 1 FEBRUARY 2006 I MATURITY DATE* 1 FEBRUARY 2011 COUPON RATE TO
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    • 68 4 Cru 23 January 2006, 6pm 10pm JfMeet the owner of Chateau Angelus, Hubert de BoOard de Laforest at Rang Mahal. Sample a total of seven of his best wines and round off the evening with a 3-course feature "Haute Indian Cuisine" menu crafted by Rang Mahal's team of award-winning chefs,
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  • COMPANY NEWS
    • 542 5  -  Final dividend and special dividend totalling 20.3 cents per share proposed By ROLAND LIM DESPITE operating revenue rising a marginal 0.3 per cent to $192.9 million for the three months ended Dec 31, 2005, Mobile One (Ml) yesterday posted a stronger than
      FILE PHOTO  -  542 words
    • 633 5  -  HOCK LOCK SIEW By LESLIE YEE CITY Developments Ltd (CDL) took a long time before formally entering the race for the integrated resort (IR) project at Marina Bay. But on Monday, a month after announcing a tie-up with Las Vegas Sands
      633 words
    • 435 6  -  JADE will likely start with palm oil, soybeans, rubber By R SIVANITHY THE joint-venture Asian derivatives exchange between the Singapore Exchange (SGX) and.the Chicago Board of Trade (CBOT) will kick off trading later this year by offering contracts on three Asian commodities most
      435 words
    • 347 6 Rewarding staff with discoupted shares, trips and gems IN A move to reward key employees, YHI International's managing director Richard Tay has sold two million of his own shares in the mainboard-listed automotive products distributor to them at a discounted price. Mr Tay sold the shares at 36 cents each,
      347 words
    • 497 6  -  Two others charged in mobile company scam plead guilty to reduced charges and are fined By CONRAD TAN chief financial officer of Accord Customer Care Solutions (ACCS) Yip Hwai Chong is expected to plead guilty in court on Feb 13, his
      497 words
    • 443 7 Bloomberg [JAKARTA] Indonesia's Sampoerna family withdrew its bid to buy PT Kiani Kertas because it could not agree with the largest creditor of the pulp-maker on purchase terms. The withdrawal leaves Singapore's United Fiber System Ltd in the running to buy Kiani Kertas.
      Bloomberg  -  443 words
    • 143 7 IT services company NTI International has warned of a significant loss for the second half of its financial year ended Dec 31, 2005, due to lower revenues. NTI said yesterday that turnover for the second half of FY2005 was expected to be "significantly lower" compared
      143 words
    • 440 7  -  Thai PM's family likely to announce deal tomorrow, says paper By MANJUSHA DEVI in Bangkok A DEAL for Temasek to buy out Shin Corp is likely to be announced by tomorrow, according to a Thai newspaper. It also suggested that Temasek, the Singapore investment
      FILE PHOTO  -  440 words
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    • 397 6 jf X CHINA CHINA FISHERY GROUPUM4TED ("CFGL") is a company carrying out coastal and deep sea ..g>Qf^aMMM^^P>jWßfclßM^Myt>Sßl* People's Republic of TV CKUCDV industrial fishing operations. "»*M| tor, whkjh revenue, represents a high- V Jf *lslltllT is wet-poiaed 10 capitaltse on this globally GROUP LIMITED c GL operates and manages 34
      397 words

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    • 338 7 >AT^ NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND ALIPH HOLDINGS (1M0) PTE LTD Company Registration No. *****1612 C NOTICE OF CREDITORS' MEETING NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act Cap. 50 that a Meeting ol the Creditors ol the abovenamed Company
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    • 442 7 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF WIDEOCEAN INTERNATIONAL PTE LTD (Company No. *****0265 M) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) A! the Extraordinary General Meeting of the members of the above-named Company, duly convened and held at
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  • SINGAPORE MARKETS
    • 505 8  -  STOCKS It was exactly 11 years ago on Jan 17 1995 that the Kobe earthquake triggered a collapse in Japan's stock market R SIVANITHY Senior Correspondent FOR those interested in odd coincidences or for those who believe that history repeats itself, here's something to chew
      Source: Bloomberg  -  505 words
    • 741 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 18 and earlier) Subsantlal No of Price SHAREHOLDING Shareholder/ Buy I Shares Per Before Altar Stock Trans Date Director Sell 'HI Shr ('000) (*888) YHIIntl 18-Jan-06 Tay Tian Hoe Sell 2000 0.36 ***** mi If 8600 1.47 Stamford Land 18-Jan-06
      741 words
    • 72 8 US fund manager. The Capital Group Companies, Inc has pared its stakes in Singapore Post and the Singapore Exchange (SGX). It has cut its stake in Sing Post from 8.96 per cent to 7.78 percent or about 148.55 million Sing Post shares.
      72 words
    • 54 8 YET 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 54.13 per cent to 58.05 per cent or about 627.95 million Del Monte shares. NutriAsia is linked to
      54 words
    • 62 8  -  by MICHELLE QUAH 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 has fallen from
      62 words
    • Article, Illustration
      889 8  -  Compiled by MATTHEW PHAN Pacific Andes Holdings Jan 18 dose: 50 emits OCBC INVESTMENT RESEARCH CFG's IPO to give FYO7 earnings a further lift: China Fishery Group Limited (CFG) operates and manages a fleet of 34 trawlers fishing in the Pacific, Atlantic and Indian Oceans. Its catches include Alaskan
      Source: Bloomberg  -  889 words
    • 534 8  -  CURRENCIES LARRY WEE Senior Correspondent ASIAN stock market jitters and a sharp surge in oil prices took away quite a bit of the early 2006 zing for Asian currencies yesterday, while high-yielding currencies Down Under were hurt as gold prices suffered a relapse from
      Source: Reuters  -  534 words

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  • COMPANY NEWS
    • 300 10  -  By ALEXANDRA HO PROPERTY giant CapitaLand is stepping up its presence in Malaysia, with the latest purchase of a residential site in Kuala Lumpur for RM112.29 million (5548.7 million) through a subsidiary. The freehold 187,145 sq ft site is one of the
      300 words
    • 471 10  -  It will have major stake in venture running hospital, nursing home and medical school By UMA SHANKARI FRESH from a name change, China Healthcare is all set to go into China in a big way. Known until Tuesday this week as Econ
      471 words
    • 285 10  -  It expects their capitalisation to remain robust By LESLIE YEE THE outlook for Asian banks remains bright this year thanks to a confluence of favourable environmental and operational factors, says Standard Poor's. Stable economic conditions and structural improvements mean most banking systems in
      285 words
    • COMPANY BRIEFS
      • 83 10 COMMUNICATION Design International (CDI), an international marketing and communications company, says its initial public offer (IPO) has been 1.9 times subscribed. The offer, which closed on Tuesday, comprised 25.6 million new shares at a price of 21.5 cents each. CDI received 323 valid applications for
        83 words
      • 116 10 REGIONAL healthcare group Health Management International yesterday reported a 150 per cent jump in net income for the six months to Dec 31, 2005, as it pared administrative and finance costs. Its net profit rose to $3.9 million, from $1.5 million a year earlier.
        116 words
      • 81 10 OLAM International, which supplies raw and processed agricultural commodities, has incorporated a subsidiary in the Dubai Airport Free Zone in United Arab Emirates. The unit, called Panasia International FZCO, has an initial paid-up capital of about U*****,000. Its principal activities are those
        81 words
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  • SINGAPORE NEWS
    • 695 11  -  This will ensure level playing field', since all 3 players use imported gas By RONNIE LIM TEMASEK Holdings will proceed with the sale of the three big generating companies once liberalisation of the gas market including enactment of a Gas Network Code to
      695 words
    • 392 11  -  By KALPANA RASHIWALA INDONESIA'S Lippo Group continues to grow its footprint in Singapore. It is close to signing a deal to buy a 55 per cent stake in the freehold 79 Anson Road office block for about $90 million from Pramerica Asia,
      392 words
    • 93 11  -  By CHUANG PECK MING in India INDIAN Prime Minister Manmohan Singh has backed the meeting between Singapore and India to review implementation of their Comprehensive Economic Cooperation Agreement (CECA). The Indian leader wants to see CECA fully implemented as soon as possible. Singapore's Senior Minister Goh
      RAKESH SAHAI  -  93 words
    • 290 12  -  Regional survey shows big jump in confidence compared to 2005 By ALEXANDRA HO SINGAPORE consumers are becoming more optimistic it is one of two countries out of 13 Asia-Pacific markets that showed significant gains in consumer confidence in a survey, according to global payments solution
      290 words
    • 72 12 THIS two metre tall inflatable "prosperity god" at a shop at Rochor centre attracted many curious would be buyers. Some poked it, others hugged it and several others tested its balance by trying to tip it over. It's on sale for $288 and is likely to make the
      ARTHUR LEE  -  72 words
    • 363 12  -  By SAMUEL EE THE COE premiums for passenger cars all settled to below $10,000 yesterday, with those for small cars plunging to a level not commonly seen since 1991. Yesterday's tender for certificates of entitlement ended with Category A for cars below 1,600 cc sagging
      363 words
    • 290 12  -  MIXED CONSUMER CONFIDENCE By ARTHUR SIM TOURISTS from Asia now account for 73 per cent of the total visitor arrivals in Singapore. This amounts to 6.5 million visitors with Indonesians leading the charge at 1.8 million visits. Latest figures from the Singapore Tourism Board
      290 words
    • SINGAPORE ROUNDUP
      • 109 12 Reuters [PARIS] A disposable laboratory microchip that can confirm within about an hour a human case of bird flu is to be marketed by STMicroelectronics and a Singapore medical company. STMicroelectronics yesterday said it was developing the test with Singapore-based medical
        Reuters  -  109 words
      • 47 12 THE Singapore Institute of Management (SIM) and the Singapore Institute of Manufacturing Technology (SIMT) are to offer Masters of Science degrees in Engineering Business Management from £ngland's Warwick University. Applications for the 30 places should be in by April 30.
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    • 329 12  -  By UMA SHANKARI, MATTHEW PHAN MEMBERS of the business community expressed concerns about Singapore's tax and business competitiveness at a pre-Budget dialogue session yesterday. Participants at the session organised by the Feedback Unit said they would like to*see a staggered corporate tax rate,
      329 words
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  • FOCUS: MANUFACTURING
    • 1162 13  -  The digital media industry is scoring big points as big names in animation and gaming set up shop here, says CHUANG PECK MING CHUANG PECK MING Some 700 gamers from 67 countries descended on Singapore last November for the World Cyber Games (WCG) Grand Final. It was
      REUTERS  -  1,162 words
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    • 164 13 EPSON FANTASTIC. 9jj» Epson brings more gifts for you this festive M M season. Simply purchase either EPSON AcuLaser~ J C2600N or EPSON AcuLaser~ CXIINF and receive a FREE black toner. Promotion is valid till 31 Jan 2006, so hurry and bring home your special gifts from Epson today. 1,968
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  • ECONOMY WATCH
    • 861 14 Economists disagree, as they see gradual cooling in housing market Reuters [NEW YORK] After an 18month campaign of interest rate rises from the Federal Reserve, economists are -pretty sure they can scent a in housing. What they disagree about is how
      Reuters; AFP  -  861 words
    • 812 14 Indonesian rupiah Asia's comeback kid? Interest rate hikes, fuel subsidy cuts revive currency Reuters [SINGAPORE] How times have changed for the Indonesian rUpiah. Less than six months ago, the currency faced a crisis of confidence and hit a four-year low against the dollar amid high oil prices, rising inflation and
      Reuters; AFP  -  812 words
    • 605 14 Growth continues, inflation stable but price pressure stays Reuters [BANGKOK] Thailand's central bank raised interest rates by an expected 25 basis points to 4.25 per cent yesterday and said there was still room for rates to rise. The increase in the 14day repurchase (repo)
      Reuters  -  605 words
    • 655 14 Reuters [NEW YORK] The dollar's decline against European and Asian currencies this year comes as no surprise to US companies operating in overseas markets, and most big ones are fully hedged, analysts say. Some, however, are holding fire as they believe the
      Reuters; AFP  -  655 words

  • MALAYSIA/INDONESIA
    • 577 15  -  Mutual funds had 4.15% loss, equity funds decline 7.84%: S&P By PAULINE NG in Kuala Lumpur MUTUAL funds in Malaysia registered an average loss of 4.15 per cent last year, with equity funds returning an average decline of 7.84 per cent, according
      577 words
    • 2426 15 vol J—u m *i- rwo) ASM Realty 1.42 -0.02 24 Abric 0.30 -0.01 58 ACP Industries 0.66 -0.01 18 Advance Synergy .0.22 unch 106 Adventa 0.28 unch 0 AE Mufti 0-25 -0.02 86 Affin Hldgs 1.59 0.01 358 Ahmad Zaki Res 1.21 -0.02 12 AlCCorp 1.13 undi 8
      2,426 words
    • 329 15 Bernama [PUTRAJAYA] Road tollcollection Arm, Metramac Corporation, which is at the centre of a lawsuit, on Tuesday applied for a stay of execution from paying a RM6S million (5528.2 million) compensation for loss of advertising rights. Metramac lawyer Muhammad Shafee Abdullah said the
      Bernama  -  329 words
    • 342 15 AFP [JAKARTA] The Indonesian government plans to sell stakes in 20 state companies from the second quarter 0f2006 as part of its privatisation programme, a minister said yesterday. "There are 20 companies ready to be privatised," Minister for State Enterprises Sugiharto told
      AFP  -  342 words
    • 626 15 AP AFP [KUALA LUMPUR] Malaysia has lost foreign investors in the auto sector to neighbouring Thailand because it dragged its feet on providing incentives but it is not too late to catch up, a top minister said on Tuesday. International Trade
      AP; AFP  -  626 words
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  • GREATER CHINA
    • 540 16 The Big Four bank is saddled with over US$90 billion in bad loans Reuters [BEIJING] Agricultural Bank of China, the weakest of the country's Big Four lenders, is eyeing a government bailout this year to clean up a balance sheet soiled with more than
      Reuters  -  540 words
    • 381 16 AP [SHANGHAI] Non-perform-ing loans at China's major commercial banks fell by 498.5 billion yuan (Ssloo.B billion) in 2005, reducing their share of total lending by four percentage points, the official Xinhua News Agency reported yesterday. The report, citing an unnamed official at
      AP  -  381 words
    • 606 16 Reuters [HONG KONG] Shares in China's auto makers have made a lively start to 2006 and look a good short-term bet as material costs dip and more buyers can afford to pick from a growing lineup of small, cheap-to-run
      Reuters  -  606 words
    • 75 16 [BEIJING] Models taking part at the ongoing Hong Kong Fashion Week for Fall/Winter2oo6. The picture on the left shows a model presenting a creation by Hong Kong designer Peter Lau as part of his "China Doll" series at the show and, on the right, models presenting creations
      REUTERS, AFP  -  75 words
    • 169 16 AP [SHANGHAI] Total overseas investment by Chinese companies exceeded US$5O billion by the end of 2005, as the pace of mergers, acquisitions and other deals picked up, the government reported. The government has been urging companies to step up such investments, while warning them to
      AP  -  169 words
    • BRIEFLY ASIA
      • 148 16 Reuters [SHANGHAI] China's mid-sized Industrial Bank, partly owned by an arm of HSBC Holdings Pic, saw its profit after tax grow 43 per cent to 2.4 billion yuan (*****.3 million) last year, state media reported yesterday. The bank, which said last month it
        Reuters  -  148 words
      • 124 16 Reuters [MUMBAI] India's second-largest motorcycle maker, Bajaj Auto Ltd, will pay US$lO.5 million for a further 27 per cent of Maharashtra Scooters Ltd, giving it a majority stake, the Business Standard said yesterday. The 27 cent is held by the western state
        Reuters  -  124 words
      • 129 16 AFP [KUALA LUMPUR] Malaysian officials have broken up two pirate DVD syndicates, seized equipment worth some US$lO million and arrested 30 suspects, a report said yesterday. A team from the Domestic Trade and Consumer Affairs ministry's intellectual property protection unit carried out the
        AFP  -  129 words
      • 96 16 Reuters [NEW DELHI] HCL Technologies Ltd. India's fifth-ranked software services exporter, yesterday said it expects to sign two "mega-deals" this quarter which would push its annual sales to US$l billion by June. HCL chairman Shiv Nadar said he expected profit for the year to June 2006
        Reuters  -  96 words
      • 107 16 Reuters [TAIPEI] Taiwan's top memory chip maker, Powerchip, is likely to report its quarterly profit slumped by about two-thirds on a slide in chip prices and analysts saw little relief on prices artd demand this year. A recovery in the memory chip market
        Reuters  -  107 words
      • 107 16 Reuters [MUMBAI] India's top drug maker Ranbaxy Laboratories Ltd yesterday reported a 56 per cent drop in quarterly profit, pinched by pricing pressure in its key US market, but it comfortably beat analyst expectations. Ranbaxy also said chief executive Brian Tempest would be
        Reuters  -  107 words
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    • 274 16 IN THE HIGH CQL'RT OF THE RFPI BI.IC OF SINGAPORE Suit No. 802/2005/W Between UNITED OVERSEAS BANK LIMITED (RC NO. *****0026Z) Plaintiffs And LIM TIONG SAN (NRIC NO. *****752J) Defendant NOTICE QF ADVERTISEMENT To: Lim Tiong San late of Blk 5 Siglap Road #18-52 Mandarin garden. Singapore *****8 Take notice
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  • INDIA
    • 673 17 Stock gains 1.6% to 713.95 rupees, on volume of nearly 20 million Reuters AFP [MUMBAI] Shares in India's stripped down Reliance Industries Ltd jumped in a pre-market special session yesterday, valuing the petrochemical and oil firm at up to US$23 billion as it spun off
      Reuters; AFP; REUTERS  -  673 words
    • 468 17 It expects revenue from its main IT unit to rise 8% in Q4 Reuters [BANGALORE] Wipro Ltd, India's third-largest software exporter, yesterday reported a 24 per cent rise in quarterly profit, beating analyst forecasts as it coped with pay rises to retain high-tech
      Reuters  -  468 words
    • 397 17 AFP [TOKYO] India needs another decade for its people's incomes to match those now in China but it can achieve this by weaning its massive farm population off the land, the finance minister said yesterday. The Asian giants are posting the
      AFP  -  397 words
    • 565 17 It's awaiting nod from New Delhi, says bank president Bloomberg [KARACHI] National Bank of Pakistan Ltd, the only lender in which the government owns a controlling stake, has applied to open a branch in India, as the South Asian neighbours try to put
      Bloomberg  -  565 words
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  • ASIA-PACIFIC/WORLD
    • 362 18  -  Both countries close to signing bilateral free trade agreement By CHEN HUIFEN in Doha SINGAPORE and Qatar are keen to further bilateral relations, especially in port development, joint investments in third countries, and other economic areas. This was revealed in a meeting
      DENNIS THONG/LIANHE ZAOBAO  -  362 words
    • 821 18  -  ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent WHAT a difference a day makes! Monday morning dawned with everything looking normal enough in Tokyo, but by evening a bombshell had exploded in the glitzy Roppongi Hills office and commercial complex, where prosecutors launched a
      821 words
    • 414 18  -  By LESLIE YEE [SINGAPORE] Merrill Lynch sees the continuing structural recovery of Japan and its impact on the rest of the region as a key theme for the forthcoming year. Jesper Koll, Merrill's Japan chief economist, is bullish on Japan, which he
      AP  -  414 words
    • 722 18 Reuters Bloomberg [SAN FRANCISCO] Weak results from technology bellwethers Intel Corp and Yahoo Inc on Tuesday will rais* concerns that tech spending this year could be less than expected. Intel, the world's largest chipmaker, and Internet media giant Yahoo posted results that
      Reuters; Bloomberg  -  722 words
    • 365 18 LATEST US DATA But CPI excluding food and energy up an expected 0.2% Reuters [WASHINGTON] US consumer prices fell unexpectedly in December but matched market forecasts when energy and food costs were excluded, while chain store sales slipped last week, separate reports showed yesterday. Consumer prices
      Reuters  -  365 words
    • 292 18 Reuters AFP [NEW YORK] JPMorgan Chase &'Co yesterday said quarterly earnings rose as investment banking profits offset weaker trading revenue and losses from a surge in bankruptcy filings. The No 3 US bank reported fourth-quarter profit rose to US$2.7 billion, or 76 cents
      Reuters; AFP  -  292 words

  • WORLD
    • 673 19 Greener pastures beckon for top performers once bonuses are paid Reuters [HONG KONG] Investment bankers in Asia, emboldened by fat bonuses and unprecedented demand for their services, are expected to jump ship at a dizzying pace as the job-hopping season begins in earnest.
      Reuters  -  673 words
    • 525 19 AFP [SEOUL] United States investor Carl Icahn, who is engaged in a proxy fight to replace the board of Time Warner over its share price, is opening an Asian front. He wants South Korea's giant tobacco and ginseng group KT&G to take measures,
      AFP; BLOOMBERG  -  525 words
    • 473 19 NYT [NEW YORK] In a move that signals the growing importance of foreign markets to its overall business, CocaCola has created a position in charge of all of the company's operations outside of North America and filled it with an executive who revived sales
      NYT; AP FILE PHOTO  -  473 words
    • 396 19 Reuters [NEW YORK] Citigroup Inc is requiring that investment bankers give 50 to 75 days' notice before quitting or else forfeit most of their annual bonus, in a move to prevent top bankers from jumping ship and taking clients with them. The practice,
      Reuters  -  396 words
    • 293 19 Bloomberg [NEW YORK] Boston Scientific Corp, the world's largest maker of heart stents, raised its bid for Guidant Corp to US$27 billion, almost US$3 billion more than the cardiac device maker agreed to accept from Johnson Johnson four days ago. Boston Scientific's US$BO-a-share
      Bloomberg  -  293 words
    • 356 19 Bloomberg [NEW YORK] Google Inc. which dominates the market for Internet search advertising, announced its intention to break into radio ads with an agreement to buy DMarc Broadcasting Inc for as much as US$l.24 billion. Google will pay US$ 102 million in cash
      Bloomberg  -  356 words
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  • AVIATION
    • 273 20 Bloomberg [HONG KONG] Star Alliance, the global airline industry's largest group, may get its first two Chinese members in 2006, in a move that will make it easier for travellers to connect on flights to and from the world's most populous nation. Air
      Bloomberg  -  273 words
    • 473 20 Now boarding Taiwan-China holiday flights Reuters [TAIPEI] Charter flights between Taiwan and China begin tomorrow, ferrying tens of thousands of Taiwan people to the mainland for the Chinese New Year holiday, but permanent air links seem as far off as ever. Taiwan has banned direct air links with China since
      Reuters  -  473 words
    • 795 20  -  It's disappointed but says it has got three new clients in the past 12 months LOW-COST AIRUNE SYMPOSIUM Reports by VEN SREENIVASAN CHANGI Airport's new kid on the block, Swissport International, has pulled off a major coup by wresting Tiger Airways' ground
      FILE PHOTO  -  795 words
    • 486 20 ANY sliver of hope that the Australian government will consider opening the lucrative trans-Pacific route to competitors like Singapore Airlines when the Cabinet meets to review its aviation policy next month was further dashed yesterday. While the decision will not surprise many
      486 words
    • 951 20 ott Hjqn ita man rre AhaNuU BY501B 0215 m gg HmaMti MM i m M m i in MS SB! 8® Bgjg |g «SS tagilori IC957 0700 j— ||S Cakm AQ7881 1840 "204S ess ***** 07,5 m Cap* Town SQ481 0S25 asi fliwfc CA463 AM —CA464
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  • Page 20 Miscellaneous
    • 183 20 CRYPTIC CROSSWORD DOWN '1 Hickorv tree snares Long Island pensive at first (7) YESTERDAY'S SOLUTION 2 Genuine kind of naive vouno 14 Llk t e v^ but carved Across: 5 Diaper, 8 Elevator, 9 woman (7) 16 SastTy lately un- ?TSd 1 Sjgw 3 ST* f 26 4 Someone who
      183 words

  • SHIPPING
    • 454 21  -  BT exclusive Coastal Command head Lt Col Teo to lay ground work, say sources By DONALD URQUHART [SINGAPORE] While the measured diplomatic process continues its course, Singapore has taken early steps to lay the groundwork for what will ultimately become the Information
      454 words
    • 290 21 AFP [SYDNEY] Australia's competition regulator said yesterday it would oppose Toll Holdings' A 54.6 billion (555.62 billion) hostile takeover bid for transport company Patrick Corp. The Australian Competition and Consumer Commission (ACCC) said any takeover would reduce competition in several parts of Australia's
      AFP  -  290 words
    • 290 21 SGX '000 jmii a w- v«i CHOthhore 0.37 -0.01 376 ChuanHup .0.38 -001 1568 Cosco Corporation.. J. 19 -a 04 S965 CWT Distribution 0.83 -0.01 44 EiraHldgi 1.53 -0.03 4S3 Freight links J).06 unch 0 Grand tanks Yacht .0.90 unch IS Java Holdings _...U7 8.04 1377 Kf Venture
      290 words
    • 353 21  -  By DONALD URQUHART [SINGAPORE] As the bidding war for P&O heats up. attention is now focused on possible reactions from various competition watchdogs, with Australia effectively giving the green light to Dubai Ports World (DPW) yesterday. Australian Competition and Consumer Commission (ACCC) chairman
      353 words
    • 462 21  -  By Alac Almazan in Manila ANY plans Philippine President Gloria Macapagal Arroyo may have of enjoying the luxuries of the presidential yacht went up in smoke on Saturday when the Ang Pangulo (The President) inexplicably caught fire while docked at the
      462 words
    • 213 21 AP [STRASBOURG, France] The European Parliament yesterday rejected plans to liberalise port services across the European Union that had sparked mass strikes by dockers and a violent protest in front of the EU legislature. The parliament voted 532-120 against the draft legislation, which proposed
      AP  -  213 words
    • 251 21  -  By DONALD URQUHART [SINGAPORE] Container shipping lines operating on the westbound transpacific route from the US to Asia, including Neptune Orient Lines' APL, have announced freight rate hikes for .scrap metal shipments and a shortening of freetime allowances for containers in China. Effective
      251 words
  • Page 21 Advertisements
    • 60 21 i Imm mn nmm MM. nu m iririo,- m- t tf n -irr, I •oiiinttnnunii i ttrmwryyitm —ill nil nil I 1 j Get a Leading Edge M Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2062
      60 words

  • EDITORIAL & OPINION
    • 549 22 EDITORIAL LEADING Malaysian mobile phone company Maxis Communications seems to have bypassed Singapore, although the telecom arm of one of Malaysia's richest men had eyed the Singapore market six years ago to help jumpstart its initial public offering then. Last month, Maxis, which
      549 words
    • 1221 22  -  His proposed single method for valuing stock options can lead to greater disclosure By GRAEF CRYSTAL Bloomberg CHRISTOPHER Cox has guts. Hardly had the chairman of the US Securities and Exchange Commission taken on his new job last August before he
      Bloomberg; BLOOMBERG  -  1,221 words
    • 767 22  -  THE BOTTOM LINE FRANK CHING QUIETLY and without fanfare, an organisation has been formed that may help smooth the course of the development of relations between the United States and China. This is the US-China Working Group in the House of Representatives.
      767 words
    • 1695 23  -  Big oil is betting on once-derided unconventional energy sources like natural gas, with Qatar leading the way By SIMON ROMERO NYT If N THIS tiny emirate of Qatar, the world's largest oil companies are betting billions of dollars on an obscure method for
      NYT  -  1,695 words
    • 843 23  -  By EADIE CHEN Reuters A BUREAUCRATIC turf war is stunting China's corporate bond market, keeping the economy excessively reliant on bank finance and robbing firms of the chance to cut their funding costs, bankers and economists said. And although China is
      Reuters; BLOOMBERG  -  843 words


  • 9979 24 SGX MAINBOARP S2-M TH Lad V>4 0«r Ltd QmA* 6rOt» Mr GrVW MM MCJf Mm» law Code Coiwpwy Sate +>• C88W itm H0m Cw Wl 5n* 7 2 5716 1st Software* 15 -05 t 25 25 15 3 101 215 6 3146 STelecom US2c 7.5 unch 1196 S
    9,979 words

  • 6114 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tolMricarr lull taUSS %yr S yt X tfy %yr >*nVJ lnd«» Owna» Qwna» On no* Chang* Onna« Own— Woridlnaa Preliminify -tt.7 1V9 -03 11X) lfl 1C(7 t £AFE Preliminary 9915 -13 37j0 -14 145 -15 143 Europe Preliminary ***** -0.8 235 -1,1 llfl
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  • Page 26 Advertisements
    • 1023 26 rt^L-ggmagf wA > —M illillilfh^^P I A'p:x Hi* L* *0f M >fli HI rgV £<- fly 11 < m i ..J^^KT^BsPr KB, A# 1 NYK GROUP SOUTH ASIA PTE LTD vrvsr A«» rw* w- TEL 6295 0123 \CzJIa XV A Jkum tftcgdf M 3 XI LINE Fax:6292 2856(Re^onalsaJes)/*****109(0P5)/6299 5786Pocumentation) r
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    • 619 26 Unmno fwio —wiT vßsa/w I lUUWW) WONTED PRC KM U» I SM I JKT snunsvenuKoz/ot is 3.2 23/01 26/01 31/01 03/0? 05/02 STRAITS VENTURE 03/06 IS 12 07/02 10/02 I straits express tir 30 4.1 14/02 I I uwSn" icohtol 1a 1 i sto m~ ux n» xt sw to
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  • Page 27 Advertisements
    • 1543 27 WAN HAI INTERNATIONAL PTE LID aNOti4MS9MIM/l Vr.A uiiu HL *****588 (HUMS) FAX:*****163 V\\M iWAN HAI I INFs oamm «*i2oo 11 A Inll llftl Ullii# mifcwnM—HfcwiKaaifiWaMWiiwiiMamw V JOHHLIO7) 251*923 ML (07)251*921 SUi 1H: 1031) *****75NUL KBI) *****14/ *****05 www wankoi ran <a *T (021) *****1* Nut mi) *****0* PI*M: num/nuil HUfc
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    • 1172 27 ¥BSa WT SIM Jff Htt KHH IK KYH HIS VtSSB VOT SHI Jff Silt HKG USM PUS mum m2t/i2i/i2/2i/7i/7t/2i/2 kmtcpusaii wis 22/1 25/1 26/1 31/1 4/2 4/2 wnmosm 171s 2/24/21/2 11/2 13/2 15/2 is/? kmtcssihgatoke mis 29/1 1 n 2/2 7/2 11/2 12/2 rasa *0Y SM MSA JtA YESSa W
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    • 846 27 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOT SM PJfIANC COUNWO M.SHEVA COLOMBO jAumaimi oioow mjam 31 jaw nisi bleb dub KOTAPHTTAM* YFMO3I 06FE» 07FE» 10FB 13FB 16FEB HOWIAH HIOGE OQ49W 13 FE» Mfß 17 FB 3IFB 23F8 AISO AttPTMG Fa ID COOW,
      846 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7368 28 THIS ETA ETA Advertiser Vtuil Voyage Telephone SIN Dest'n Name Neil Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 26/01 07/03 China Shpg PERTH BRIDGE 098A *****898 28/01 07/03 China Shpg CMACGMKOMOOO SX207W *****898 30/01 25/02 Del mas DELMASFORBIN 610W *****344 04/02 07/03 China
      7,368 words
  • Page 28 Advertisements
    • 411 28 VESSEL VOY SIN POU VISSB. VOT SW JKT PAC MjjPA 1643H 13/01 13/01 UNTAX 9333 M7ol 17/01 »ANDA 1644 M 14/Q1 H/PL J2J jtfl JH CSf 2301 0225P 14/01 15/01 PAC UNTAX 9334 I 21/01 24/01 JAOAHfiA IMiN LSZfiJ H/Ql -™|m mj jjfl -SIM! 8224E I4ZS! UZfiL. E" 1 g
      411 words
    • 479 28 rgjgg v6y 1 pki I iiN 1 ka*a6ii rWTTO nh> 6Mm bik 1 kh6r HUN SATTARI Kl *116 23/01 23/01 ***** 04/02 05/02 11/02 14/02 17/02 MAN SHAHCYAJt KL tilt 29/01 21/01 07/02 10/02 11/02 17/02 20/02 23/02 WAN BAABAiI |Kl 3119 1 05/02 06/02 H/02 13/021 19/02 23/02 21/02
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    • 335 28 i BSA jl MYANMA fln FIVE STAR UNE (Myoimor NitM U») Loading for Yowgon VESSEL VOY SIN PM PIN PGU CHIN SHWE WW NW SLD PAGAN 349W SID IN MALAYSIA: IOUSTIAD SHIPPING AGENCIES KUI/PKL 03-*****3 M PIN: 04-*****1S ACCEPTING CONVENTIONAL CBO Vissa VOYWGSMPn KOI TM ITU SM TWU FUTURf AQ
      335 words


  • BizIT
    • 658 30  -  The unit will specialise in financial sector software, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY TATA Consultancy Services (TCS), Asia's biggest information technology (IT) services provider, is looking to set up a development centre in Singapore this year. Girija Pande, TCS' Asia Pacific director, said
      658 words
    • 325 30  -  By LEE KIM SIANG STORAGE and information management major EMC Corp will partner with Google to make Google Desktop for Enterprise available to users within EMC's Documentum Enterprise Content Integration (ECI) Services, EMC said yesterday. EMC's ECI Services is an enterprise-level search solution that
      325 words
    • 185 30 AP [NEW YORK] Nearly one million copies of the topseller World ofWarcraft PC game in 2005 still wasn't enough to swing domestic retail sales of computer games from its slide to below US$l billion, a research firm said on Tuesday. As online gaming
      AP  -  185 words
    • 564 30 China, India account for much of the demand Reuters INTEL Corp, the world's largest chip maker, said yesterday that demand for personal computers in Asia ex-Japan would rise 15-20 per cent in the JanuaryMarch quarter, driven by new users in
      Reuters; FILE PHOTO  -  564 words
    • 451 31  -  But local take-up of regulatory compliance programs is low By ROLAND LIM CHIEF information officers (CIO) in the region see Singapore as the regional leader in meeting regulatory compliance standards, according to a survey commissioned by enterprise software vendor Serena Software. The
      451 words
    • 290 31 Reuters [TORONTO] Internet users can give websites a thumbs up or thumbs down in less than the blink of an eye, according to a study by Canadian researchers. In just a brief one-twentieth of a second less than half the time
      Reuters  -  290 words
    • 275 31 AP [TOKYO] The Japanese government plans to introduce a computer simulator that can predict the damage caused by a large-scale terror attack, a government official said on Tuesday. The system contains data about the damage that can be expected from different types of
      AP  -  275 words
    • 6332 31 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Star EuropeEqty!" 0884/ Star Ei* ope Bond— 1212/ Star Europe Bal 1.16/ Star Asian Tiger Eqty 1.142/ Star Asia Bond 1.317/ Star Asia Balanced 1.061/ Star GioPal Technology Fund 1 0.215/ Mult) St Fd 1061/ Star Asia Bond(USD| 0 806/ Gib Mufti
      6,332 words
  • Page 30 Advertisements
    • 147 30 fa lgjanuary to 12 February ZOO 6 Lunch Daily 12noon 2.30pm Adult $26.80+++ Child $18.80+++ Adult $I^^Tchlf<niß.Bo+++ HOTEL PHOENIX Weekend 330pm 5.30pm Adult $21.80+++ I Child $1 S.Bo+++ ChineseNewYear Fes^£Pi ner 0 y-j s-.r\ Adult $29.80+++ Child $20.80+++ 17)0 ill ill PT 29 430 Jan) Vi/ VII/ v/ 1 Li
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  • Page 31 Advertisements
    • 25 31 Allianz Global Investors one of world's top five asset management groups Allianz (jjl) m with more than US$1.45 trillion of assets undor mafiaciomont. Global investors
      25 words

  • PROPERTY
    • 538 32  -  Site is first privatised HUDC estate to be sold en bloc By KALPANA RASHIWALA FAR East Organization has made its first residential land acquisition in Singapore's private sector since the property market peak in 1996-97.^ It has bought Amberville at Katong making
      FILE PHOTO  -  538 words
    • 342 32  -  By ARTHUR SIM THE Somerset area looks set to become hot property. Prices for en bloc redevelopment sites there will be closely watched, especially now that the latest land sales exercise by the Urban Redevelopment Authority (URA) at Orchard Road/Killiney Road
      342 words
    • 1419 32 PROJECT NAME/ PROP CONTRACT TENURE BUIff-IN/lAND PRICE PSf STREET NAME TYPE DATE AREA*(SQ FT) (SVOOO) (S$) District 1 NON-LAND© The Sail At Marina Bay Apt 15/12/2005 99 2034 2666 1310 The Sal At Marina Bay Apt 15/12/2005 99 1184 1562
      1,419 words
  • Page 32 Advertisements
    • 235 32 Freehold Residential Site HEElTaiffllHlTilTnil U^"** Unmrstryof Singapore Site Area: 63,707 sq ft (approx) Plot Ratio: 1.4; up to 5 storeys •Walking distance to Pasir Panjang MRT station "7 /T) Near amenities and reputable v '"/&Z, A». r*\ piw schools y\ p i|?r •Easy access via West Coast L™**/ Highway and
      235 words