The Business Times, 20 January 2006

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Total Pages: 36
1 36 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005 Friday, January 20,2006
    15 words
  • Article, Illustration
    56 1 The crew of Singapore's entry in the Clipperßound-the-World Yacht Race is stopping over on the island before pushing on with the next leg of the race just before Chinese New Year. Read about the gruelling sea adventure that is making waves for the Singapore name. Pages 10 and
    P K SURESH; INGRID ABERY/HOTCAPERS.COM  -  56 words
  • 537 1  -  Systems upgrading will prevent future shutdowns B y ANTHONY ROWLEY in Tokyo THE Tokyo Stock Exchange (TSE) recovered its balance yesterday as it became clear that panic selling on Wednesday was triggered by the exchange's advance warning that it would have to close early to
    537 words
  • 732 1  -  Signs point to Temasek as buyer in biggest takeover by a foreign company in Thailand By MANJUSHA DEVI in Bangkok THAILAND'S finance minister and central bank chief yesterday confirmed Prime Minister Thaksin Shinawatra has sold his telecommunications empire and all signs
    BLOOMBERG  -  732 words
  • Page 1 Advertisements
    • 84 1 JL jHL ANWAR RESPONDS He challenges Halim's vers on °f Metramac affair THE RAFFLES CONVERSATION K good quality people living in difficult conditions and manning risks that's Olam's core competence. Sunny Verghese, CEO of Olam International 35®^ in The Business Times tomorrow j I jflJv SmM3r tx susmss Tws 1
      84 words
    • 12 1 SGX LISTING Adam Air eyes main board PGS Markets Digest Pg 3
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    • 18 1 EXECUTIVE LIFESTYLE The high-definition TV revolution pg 33 SHIPPING Malacca Strait stays on risk list PG 21 jjjjjß
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  • Page 2 Advertisements
    • 459 2 OT M We are honoured that Capita Land's properties are recognised by industry professionals, At Capita Land, we believe in building for people. Every project that we embark on, whether jgr residential or commercial, local or overseas, is guided by Capita Land's vision to move beyond developing mere functional spaces
      459 words

  • TOP STORIES
    • 137 3 STI 2,378.52 (+19.22) ST INDEX FUTURES 2.379.00 (+19.00) SIMSCI 282.11 (+1.58) SIMSCI FUTURES 281.60 (+2.30) MARKETS Thursday Change KLSECOMP 902.70 +1.38 NIKKEI 225 15,696.28 +555.10 HANG SENG 15,670.42 +189.21 SET INDEX 744.98 +8.58 JAKARTA COMP 1,230.06 +36.86 MANILA COMP 2,109.08 16.37 SEOUL COMP 1,360.64 +7.73 SHENZHEN B 250.20
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    • 623 3  -  Latter defends Daim, denies alleged criminal misappropriation By S JAYASANKARAN in Kuala Lumpur FORMER deputy premier Anwar Ibrahim yesterday blasted tycoon Halim Saad for dragging his name into a controversy over the takeover of Malaysian toll road operator Metramac. Mr Anwar, now on
      AFP  -  623 words
    • 505 3 Simon Cheong buys 6 bungalows for $35m ENTITIES controlled by Simon Cheong of SC Global Developments have bought six Good Class Bungalows along Peirce Road for $35 million, sources say. The -price works out to an average of $365 per square foot based on the freehold site's total
      505 words
    • 471 4  -  Price for Peirce Rd properties works out to an average of $365 psf By KALPANA RASHIWALA [SINGAPORE] Entities controlled by Simon Cheong of SC Global Developments have bought six Good Class Bungalows (GCBs) along Peirce Road for a total of $35 million, sources
      FILE PHOTO  -  471 words
    • 817 4  -  DONALD URQUHART Correspondent WITH PSA International's hat now in the bidding ring for Britain's P&O'Group and a two-week hiatus in the process for PSA to do due diligence, analysts, armchair pundits and journalists appear to have too much free time on their hands.
      817 words
    • 400 4  -  Headcount of 450 on par with London as bank's biggest outside Zurich By LESLIE YEE [SINGAPORE] Credit Suisse private bank (CS) increased its staff headcount in Singapore by 50 per cent last year up from 300 at end-2004 to 450 at the end
      400 words
    • 489 4  -  By RONNIE LIM A NEW player has joined Singapore's $3 billion-plus wholesale electricity market. And the entry of Cana-dian-Australian-backed Diamond Energy has opened up a new business front. Diamond, a privatelyowned boutique energy services company, is the first to secure a "wholesale" trading licence
      489 words
  • Page 3 Advertisements
    • 67 3 WIN $8,688 MASSAGE CHAIR Pamper yourself with this state-of-the-art VGO massage chair. Just vote for the BT-Prudential Business Story of the Year and you'll stand a chance to take home this beauty worth $8,688. .J| [L R A F -.f«c L E S WINE. FOOD ARTS J r Ss£&s This
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  • Page 4 Advertisements
    • 33 4 EXCELLENCE J World-class academics and industry A professionals. State-of-the-art MX infrastructure: Reuters 3000Xtra Mi CONNECTIONS Sr J) career placements, and extensive networking more 6790 4758 5025 +65 6793 7440 www.mfe.ntu.edu.sg Date for February
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  • COMPANY NEWS
    • 223 5 UNITED Overseas Bank's Thai unit is well positioned to become a significant player in the Thai financial sector, Thai Finance Minister Thanong Bidaya said yesterday. Speaking at the inauguration of the newly integrated bank, United Overseas Bank (Thai) PCL, Dr Thanong also pointed
      223 words
    • 607 5  -  In meantime, it welcomes any investor that can help it grow now By VEN SREENIVASAN ADAM Air, one of the most profitable privately held airlines in Indonesia, is eyeing a mainboard listing on the Singapore Exchange within a couple of years. Adam Air president-di-rector
      607 words
    • 579 5  -  HOCK LOCK SIEW By R SIVANITHY THEY say a picture is worth a thousand words. If so, then the accompanying graphic should speak volumes. It depicts the performance of Flextech Holdings' shares in the first four trading days of this month a
      Source: Bloomberg  -  579 words
    • 503 6  -  Lawyers believed to have made request because foreign subsidiary involved in transaction By MICHELLE QUAH case involving an al►teged breach of the Companies Act by former Member >6f Parliament Lew Syn Pau ►Jould be transferred to the High Court from the Subordinate
      503 words
    • 203 6 CITIRAYA Industries, currently under judicial management, says the Singapore Exchange (SGX) -has granted its application to extend the deadline for it to report its financial results. Citiraya said yesterday that SGX had granted the company an extension of time to report its full-year FY2005
      203 words
    • 601 6  -  Move comes after Centrepoint trails in bid for adjacent site By KALPANA RASHIWALA OCBC Bank yesterday said it will explore possibilities for its Specialists' Shopping Centre/Hotel Phoenix property, a day after Centrepoint Properties failed to clinch the former Glutton's Square site next to Specialists'
      601 words
    • 396 6  -  PROPERTY FOCUS By ARTHUR SIM CAMBRIDGE Reit is finally gearing up for an initial public offering, with sources saying it is about to lodge its preliminary prospectus with the Monetary Authority of Singapore. The real estate investment trust is managed by Cambridge Real
      396 words
    • 350 6  -  By ARTHUR SIM MAPLETREE Logistics Trust (MLT) has raised $111.3 million from the sale of new shares through private placement to institutional investors to fund the acquisition of further properties. The private placement of 115.943 million units was close to four times subscribed
      350 words
    • 301 6  -  By ALEXANDRA HO DESPITE plunging sales and an operating loss, Keppel Land subsidiary Dragon Land haS swung back into the black for the year ended 2005 thanks to exceptional gains. The mainboard-listed developer of property in China which became a subsidiary of Keppel Land last
      301 words
    • 485 6  -  CEO says prudent to retain cash with interest rates rising By LESLIE YEE SESDAQ-LISTED Wearnes International's decision not to pay a final dividend for its financial year ended Sept 30, 2005, came under fire from a minority shareholder at its annual
      485 words
    • 529 7  -  Dream of US$1b revenue for company within five years-from last year's S$100m By OH BOON PING OIL gas firm Federal International could be looking at a quantum leap in revenue if its latest major shareholders have their way to US$l billion within
      YEN MENG JIIN  -  529 words
    • 204 7 TIGER Airways has had its temporary permit extended by the Philippines Civil .Aeronautics Board (CAB), allowing the Singapore budget airline to keep its flights between Manila (Clark) and Macau for another seven days. Whether Tiger can continue with the route past next Friday will depend on the
      204 words
    • COMPANY BRIEFS
      • 65 7 ADVANCED Holdings Ltd said yesterday it will place 17 miHion new shares at 89 cents each to raise net proceeds of about $14.7 million to expand its business. The placement represents about 15.1 per cent of its share capital. BNP Paribas Peregrine (Singapore) Ltd
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      • 58 7 MRIBAN Group yesterday warned that its 2005 sales will be lower than 2004, citing as a reason weaker demand for its products. As a result, its profitability for the full year ended Dec 31, 2005 will be affected. The full extent is being assessed.
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      • 61 7 MOBILRONF (Ml) has partnered Singapore Airlines Ltd to offer Singapore Airlines KrisFlyer miles to their customers via the Sun Perks Programme, Ml's customer loyalty programme. Ml customers have an option to convert their Sun Perks points to KrisFlyer miles. Every
        61 words
      • 86 7 CHINA Aviation Oil (CAO) said major industry players continued to offer strong support for its jet fuel tenders. Its wholly owned subsidiary, China Aviation OH Trading Pte Ltd, closed its latest physical jet fuel tender for deliveries in March to April 2006, and received
        86 words
  • Page 5 Advertisements
    • 691 5 o ..J| L-.„ 0 RA E s WINE. FOOD ARTS S r ./yVSVYS'//SY' The 11 Michelin Star Experience Raffles hotel is pleased to invite you to a week of wine, food and art this February. In attendance will be a truly stellar cast of chefs and vintners. It is a
      691 words

  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 83 7 r f) ESS" 1 «■> Freehold Residential Redevelopment Site hiiIMBTM Site Area: 34,402 sq ft (approx) 1 fs2!s£!i WV Plot Ratio: 2.8; up to 36 storeys A Close proximity to Orchard s X Shopping Bel. MB VCT\\ Walking distance to 1 Somerset MRT station J /_J|/^ Near amenities and reputable
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    • 263 7 iV| I V A w ||fl H v V.V fl H f PIiPP mm v J*Jt a \V& Wednesday mMjm 11 z |ofr 11J cV #1 yiiIJMHH^ TO CELEBRATE OUR NEW FUGHTS TO PAKISTAN, WE'RE OFFERING YOU A SPECIAL FARE OF $498*. A tFrom 1 February, Singapore Airlines flies 3
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  • SINGAPORE MARKETS
    • 524 8  -  STOCKS ST Index recoups 19 points, after 6 consecutive sessions of losses; play on oil and gas stocks resumes R SIVANITHY Senior Correspondent THE Japanese stock market managed a fairly decent rebound yesterday, thus helping the Straits Times Index recoup 19.22 of the 66
      Source: Bloomberg  -  524 words
    • 489 8  -  By MICHELLE QUAH NutriAsia's Del Montestake tops 60% WITH the deadline nearing on NutriAsia Pacific's offer for Del Monte Pacific shares, more Del Monte shareholders have throwu in j their acceptances. Wednesday saw shareholders holding some 49 million Del Monte shares accepting NutriAsia's offer. This' raised NutriAsia's
      489 words
    • Article, Illustration
      421 8 OTHER SINGAPORE INDICES Jan 19 VALUE CLOSE BT OB/OS 96.00 +130.00 BT CADI -*****.00 +206.00 BT 10-day MA -*****.00 +10.00 All-SG Equities 612.01 +4.98 SG Equities Elect 123.97 +1.27 SG Equities Fin 1732.26 -2.03 SG Equities Prop 755.21 +6.28 SIMSCI 282.11 +1.58 SiMSCI Futures 281.60 +2.30 MOST ACTIVE STOCKS VOLUME
      421 words
    • Article, Illustration
      983 8  -  Compiled by MATTHEW PHAN Mobile One Jan 19 dose: $2.23 OMB-GK RESEARCH. Jan 19 'ANG POW' pay-out: FYOS net profit is in line with CIMB-GK and market expectations. Results were characterised by: a higher-than-expected dividend payout; and poor operational performance. Returning cash: Ml proposed a gross DPS of 20.3
      Source: Bloomberg  -  983 words
    • 511 8  -  CURRENCIES LARRY WEE Senior Correspondent THE New Zealand dollar or Kiwi came under heavy attack yesterday, hurt by talk that Japanese investors already unnerved by recent losses in the Japanese stock market may be persuaded to unload their holdings of high-yielding New Zealand dollar-denominated
      Source: Reuters  -  511 words

  • Page 9 Advertisements
    • 121 9 i A l t fc?SMU SINGAPORE MANAGEMENT UNIVERSITY I *i. i s -ft-' r v HHBI rH jf'H iK jl fim «mr—ll ft- V BK^^EMHfl^iHI Special thanks to our partners Design Environment Group, Architects NCS Pte Ltd Obayashi Corporation Cisco Systems (USA) Pte Ltd KNTA Architects OCBC Bank IBM Singapore
      121 words

  • KEPPEL.CLIPPER – ROUND THE WORLD
    • 1187 10  -  It's a battle against the elements, but BT journalist and Singapore Clipper crew member VINCENT WEE says ocean racing can also be a source of great joy This series brought to you by Keppel Corporation Till* finish of tho race from Fremantle to Singapore captures
      P K SURESH  -  1,187 words
    • 975 10  -  By P K SURESH SINGAPORK, one of the two Asian cities to partner with the Clipper Round-the-World Yacht Race, is increasingly optimistic that the republic's involvement in one of the world's most prestigious sail events will pay off economically in the long
      975 words
    • 1009 11  -  The intrepid sailors in the Clipper Round-the-World Yacht Race are bracing themselves for the toughest part, reports P K SURESH P K SURESH THE Clipper Round-the-World Yacht Race, with 10 countries competing in a gruelling journey of 35,000 nautical miles, is almost halfway
      P K SURESH  -  1,009 words
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  • Page 11 Advertisements
    • 151 11 Recently ranked among the top three livable communities on the planet by the UN, Whistler BC is home to the 2010 Winter Olympic Games. Nita Lake is Whistler's only lakefront boutique hotel, and is located close to the Olympic Downhill course. Offering 5-star fully furnished suites, Nita Lake promises to
      151 words

  • SINGAPORE NEWS
    • 570 12  -  SINGAPORE'S PHARMACEUTICAL DRIVE CombinatoRx sets up global R&D centre here with Bio*one Capital By ANNA TEO A NEWLY Nasdaq-listed bio-pharmaceutical company with a proprietary method of developing new medicines from existing drugs has chosen Singapore for its venture into infectious diseases. Boston-based Combinatoßx Inc a
      REUTERS  -  570 words
    • 501 12  -  By ALEXANDRA HO JUST a day after putting in the highest bid for the former Glutton's Square site at Somerset, privately held Far East Organization yesterday unveiled details of another project a 200,000 square foot mall at Central, above the Clarke Quay MRT
      FILE PHOTO  -  501 words
    • 556 12  -  By RAVI KANTH in Basle NOVARTIS, the Swiss pharmaceutical giant, said yesterday that its Institute for Tropical Diseases in Singapore made "outstanding progress" by discovering two compounds to target multi-drug resistant tuberculosis. It also broke new ground in understanding the ge-nome-sequencing of dengue virus
      556 words
    • 527 12  -  From CHUANG PECK MING in Kolkata SENIOR Minister Goh Chok Tong has stayed the course while others, including Minister Mentor Lee Kuan Yew, had given up on India and he is happy to be proven right today as India's economy begins to
      527 words
    • 411 12  -  By CHEN HUIFEN in Doha QATAR Foundation, a non-profit body behind the country's flagship Education City, is looking at Singapore as a model, in its efforts to encourage talent from the region to study and live there. The foundation's vice-president, Abdullah
      411 words
    • 338 12  -  By UMA SHANKARI TWO big labels in American clothing Gap and Banana Republic are making their way to Singapore. Homegrown fashion retailer FJ Benjamin announced yesterday that it has struck a franchise deal with a subsidiary of Gap Inc, under which it will hold the
      338 words

  • Page 13 Advertisements
    • 241 13 Congratulations to CREATIVE on winning Overall Best In Show at the Largest Consumer Electronics Show (Las Vegas) JMBfe Creative continues to provide features that [the competition's] users can only dream about... 9 9 CNET.com, December 2005 6 This is the most powerful endorsement I J^SSSS^s. one can have our industry
      241 words

  • ECONOMY WATCH
    • 444 14 Manufacturing, employment expanded in last few weeks Bloomberg [WASHINGTON] Increased manufacturing and employment helped the US economy expand in the final weeks of last year, with competition and lower energy costs hqjding down price increases in some areas, the Federal Reserve said
      Bloomberg  -  444 words
    • 283 14 AP [RENO, Nevada] The US trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to "political turmoil", billionaire investor Warren Buffett has warned. "Right now, the rest of the
      AP  -  283 words
    • 375 14 Bloomberg [KUALA LUMPUR] Malaysia's economy will expand at a faster pace this year as global demand for electronics rise and higher oil prices lift commodities exports, the Malaysian Institute of Economic Research said. The private think-tank maintained its current year growth forecast for Southeast Asia's
      Bloomberg  -  375 words
  • Page 14 Advertisements
    • 1014 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF APPLIED FOOD BIOTECHNOLOGY, ASIA/PACIFIC, PTE LTD ON MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****3843 C) NOTICE TO SUBMTT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose .debts
      1,014 words
    • 1011 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF KINSAN (S) PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. **********) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed company, whose debts or claims have
      1,011 words
    • 606 14 NOTICES Toll free: 1800-289-8822 Email: sph.com. sg I IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF SUMMIT CHEMICALS ASIA PTC LTD (Co. Reg. No. *****5275 D) (In Member's Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the member of the abovenamed
      606 words
    • 309 14 IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF MARCOBILT DEVELOPERS PTE LTD Company Registration No. *****4265 M (In Members' Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap.SO. that a Final Meeting of the
      309 words
    • 568 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF RHEMAX PRECISION INDUSTRIES PTE LTD (Co. Rm. No. *****2201R) NOTICE OF RESOLUTIONS At on Extroordinory General Meeting of the members of Rhemax Precision Industries Pie lid duly convened ond held on 16 January 2006 at 10
      568 words
    • 471 14 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF QAL OFFSHORE SERVKXS PTE LTD (Company Rtoiili utiof t No* **********) NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (pursuant to Section 290) At on extraordinary general masting of the iMmbwi of the above-named Company, duly
      471 words
    • 602 14 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF CHINKARA CAPITAL MARKETS PTE LTD (Company No. *****M08Z) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named Company, duly convened and held at
      602 words

  • MALAYSIA
    • 566 15  -  CEO Foo resigns; his move follows several staff changes at the bank By PAULINE NG in Kuala Lumpur THE merchant banking arm of Malaysia's Alliance Bank, which is partly controlled by Singapore's Temasek Holdings, is set to see a management shake-up. Sources
      THE STAR  -  566 words
    • 324 15 AP [KUALA LUMPUR] Two Malaysian financial services groups announced a merger yesterday to create one of the largest investment banks in the country ahead of scheduled financial liberalisation in 2007. ECM Libra Bhd said it will sell its brokerage and other business units
      AP  -  324 words
    • BRIEFLY ASIA
      • 78 15 AFP [MANILA] The Asian Development Bank yesterday said it has set up a US$33B million fund with a Hong Kong-based firm that will invest in financially distressed but potentially viable South-east Asian companies. The limited partnership fund with ADM Capital, the second in a
        AFP  -  78 words
      • 81 15 Reuters [SHANGHAI] Inßev, the world's biggest brewer by volume, yesterday said it planned to increase its stake in a Chinese brewer, further strengthening its foothold in the world's top beer market. Inßev will pay 124.9 million yuan (5525.3 million) to increase its stake in Zhujiang
        Reuters  -  81 words
      • 72 15 Bloomberg [SHANGHAI] Baosteel Group Corp, China's biggest steelmaker, and Magang (Group) Holding Co agreed to buy raw materials together and cooperate in technology development to lower costs. The partnership will cover marketing and investment planning, they said, without giving details. China plans to force steelmaker mergers
        Bloomberg  -  72 words
  • Page 15 Advertisements
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  • GREATER CHINA
    • 597 16 Bloomberg [HONG KONG] Hong Kong may attract as many as 10 initial public offerings of real estate investment trusts (Reits) this year as A*sian investors catch up with counterparts outside the region in buying the products, according to lawyer Angela Lee. "Hong Kong
      Bloomberg; AFP  -  597 words
    • 448 16 Bloomberg [SAN FRANCISCO] Analysts, fund managers and traders in China and India are taking the Chartered Financial Analyst exams in growing numbers and have some of the highest pass rates in the world as demand for the certification grows. About 54
      Bloomberg  -  448 words
    • 474 16 Refiner China Petrochemical Corp also mulling bid for BP's Russia venture Bloomberg [HONG KONG] China National Petroleum Corp (CNPC) and India's Oil Natural Gas Corp (ONGC), the nations' biggest oil companies, may be among bidders for a US$3 billion venture in Russia operated by
      Bloomberg  -  474 words
  • Page 16 Advertisements
    • 118 16 •«MSlm| A HT »<9 H w |B ■&*<■£ HE V t f *v*v-• A. a t fto lAtffnt r a «.:■»•> rV. j,/3 ~*4MKttr a '^wi^^'vv A:.^^PlMMiwHP^^ Mm w \vV WSgfaiffllß v KL<- .'|9 BPWP' a /f_ K53 A a a '-Wl '^^8 jH a K i jg^jjjZFx^^HHVJ vj^'*. Singapore
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  • INDIA
    • 445 17 Breakaway lawmakers claim majority in Indian state's legislature AP [BANGALORE] The state government for India's high-tech heartland of Karnataka was on the brink of political collapse yesterday after a group of lawmakers walked out of the ruling coalition. Even as both government supporters and breakaway lawmakers
      AP  -  445 words
    • 200 17 Reuters [NEW DELHI] India's booming information t9chnology and call centre industry launched a database for its workforce on Wednesday that it hopes will boost data security after reports of theft surfaced last year. The sector directly employs a million people, and
      Reuters  -  200 words
    • 305 17 Reuters [SINGAPORE] Royal Dutch Shell was to sign a broad agreement yesterday with India's Oil and Natural Gas Corp (ONGC) for potential joint operations in India and abroad, the Financial Times reported. The paper said Europe's second-largest energy group would sign a memorandum
      Reuters  -  305 words
    • 6446 17 UNIT TRUSTS FUNDS AM Antra Aiul Mgt (S'port) Star Inapt Eqty!" 0.875/ Star Europe Bond 1.211/ Star Europe Bal 1.153/ Star Asian Tiger Eqty 1.148/ Star Asia Borx) 1.317/ Star Asia Balanced 1.076/ Star Global Technology Fundi** 0.214/ MultiStFd 1.061/ Star Asia BondUJSD) 0.805/ Gib Multi St USD 1.133/ Asia
      6,446 words
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  • ASIA-PACIFIC/WORLD
    • 467 18 It now plans to increase the capacity of its trading system AFP [TOKYO] It may be Asia's top bourse at the heart of the world's number two economy, but the Tokyo Stock Exchange (TSE) has been caught by surprise amid a surge in
      AFP  -  467 words
    • 456 18 LIVEDOOR BROUHAHA Reuters [TOKYO] The scandal enveloping deal-maker Livedoor Co may prompt Japan to stall the liberalisation of merger and acquisition laws, crimping foreign investment in the world's sec-ond-largest economy, bankers and researchers said. Concerns centre on the possibility of further delays in long-awaited
      Reuters  -  456 words
    • 361 18 Reuters [TOKYO] Japanese Internet portal operator Ltvedoor Co may have helped knock off US$3OO billion of shareholder value in Tokyo's stock market this week, but the company's flamboyant president still has his fans. As prosecutors searched his company on suspicions of spreading false
      Reuters; AFP  -  361 words
    • 2416 18 VOl mm rm w- ooo| ASM Realty 140 -0.02 8 Abric 0.30 unch 30 ACP Industrie. 067 0.01 11 Advance Synergy 0.22 -0.01 79 Adventa A27 -0.01 17 AEMuttl .026 0.01 91 Affin Hldgs 1.59 unch 254 Ahmad Zaki Res 1.20 -0.01 31 AlCCorp 1.13 undi 16 Air
      2,416 words
  • Page 18 Advertisements
    • 130 18 H SLIM-TONE Express Fitness Weight Loss Studio For Singapore, Malaysia, Thailand 1 Slim Tone (USA) is a women's only fitness club in 10 countries including Japan China, with over 150 franchises opened during the past 3 years. We are a subsidiary of NutriSystem®, a public listed company NASDAQ: NTRI. www.slimandtone.com.
      130 words
    • 34 18 The number WANG wine for the Year of the Dog I Shado\#| More popular labels Old Rare WINES COLLECTOR HOUSE 20 Upper Circular Road #B 1-17/18 The Riverwalk Singapore *****6 Tel: 6532 6183 www.winehouse.conuau
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  • WORLD
    • 662 19  -  Exchange also plans to introduce 40 contracts, including petrochemicals BV CLARENCE MICHAEL in Dubai FUEL oil futures are to begin trading on the Dubai Gold and Commodities Exchange (DGCX) by the end of June. An official at the Dubai Metals and Commodities
      662 words
    • 481 19 Reuters [NEW YORK] Citigroup Inc. the largest US bank, said on Wednesday it was launching its own electronic stock-trading network, a move that could potentially divert trading volume away from the New York Stock Exchange (NYSE) and Nasdaq Stock Market Inc. Another electronic communications network
      Reuters  -  481 words
    • 393 19 LATEST US DATA Reuters [WASHINGTON] US housing starts fell 8.9 per cent in December as single-family house construction tumbled, pointing to further cooling after a five-year real estate boom, a government report showed on Thursday. But a separate report suggesting
      Reuters; BLOOMBERG  -  393 words
    • 454 19 Reuters. Bloomberg [SEATTLE] Apple Computer and eßay on Wednesday joined Yahoo and Intel on the list of tech heavyweights that failed to live up to investor expectations for their outlooks. Shares of Apple and eßay fell in af-ter-hours trade on Wednesday. But
      Reuters.; Bloomberg  -  454 words
  • Page 19 Advertisements
    • 257 19 I I K m m J M <Mkm Celebrate IUT Lunar New Year at Award-Winning Seafood Restaurant Usher in this Lunar New Year with our gourmet success, a total of 9 awards including Singapore's "Most Popular Seafood Restaurant". We are open on Lunar New Year Eve 3 seatings 12 noon
      257 words

  • AVIATION
    • 661 20  -  Tickets for these 6-10 hour flights to be on sale in middle of this year By VEN SREENIVASAN [SINGAPORE] Qantas' budget carrier, Jetstar, plans to start the world's first longhaul low-cost flights early next year, initially with Airbus 330-200 aircraft, then upgrading
      FILE PHOTO  -  661 words
    • 419 20 AFP [BANGKOK] Thai Prime Minister Thaksin Shinawatra yesterday insisted that Bangkok's new international airport would open in June as scheduled, after a construction worker was killed in a fire at the site. "One person died in the fire and three
      AFP  -  419 words
    • 223 20 AFP [SHANGHAI] Spring Airlines, a privately owned carrier aiming to tap China's budget travel market, has partnered with pioneering Malaysian low-cost carrier Air Asia, state press reported yesterday. "The airline has started cooperation with Air Asia to develop new routes and projects,"
      AFP  -  223 words
    • 318 20  -  Batavia Air buys the aircraft as it modernises its fleet By VEN SREENIVASAN [SINGAPORE] In what appears to be a coup of sorts, Airbus has managed to get a small foothold in the fastgrowing Indonesian domestic low-cost carrier market with the sale
      318 words
    • 514 20 CUT FUWTT «TA WJWtT ITP m\ is m MIS nl^iSn' —WISPHTi |i Cap* Taw* —inCipwfciiw «972 2210 CW«U 1|2| TF7W-225D !|H| SQ147 223S A***** 192S |j|| wins to ■ggg 0055 0745 BIB imii 1100 m 5JJ8 <miw <mm IW»*»i 5Q438 2025 MM 1330 lifcwwtw —5H7TTJ550 *****
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    • 421 20 Bloomberg [BERLIN] Deutsche Lufthansa AG, Europe's sec-ond-biggest airline, said 2005 operating profit rose 44 per cent, beating its forecast, on rising demand for air travel. The shares rose the most in more than three months. Operating profit, or sales minus operating expenses excluding gains
      Bloomberg  -  421 words

  • SHIPPING
    • 458 21 AFP Reuters [STRASBOURG, France] The European Parliament voted on Wednesday to reject an EU bill to open port services to greater competition, after the bill sparked violent protests by dock workers this week. The lawmakers voted by 532 to 120, with 25
      AFP; Reuters  -  458 words
    • 382 21 AFP [NEW DELHI] India has ordered pollution watchdogs to check if an asbestos-lad-en French warship set to enter its waters contains more than permissible limits of the hazardous material, officials said on Wednesday. The announcement by Environment Minister A Raja came two
      AFP  -  382 words
    • 999 21  -  ADMIRALTY CASEBOOK By SELVA KUMAR A Sydney court has dismissed with costs the appeal of a shipowner held vicariously liable for the negligence of a local harbour pilot who was onboard a bulk carrier that hit a wharf while berthing in Port Kembla in New
      999 words
    • 627 21  -  Panel notes huge improvements made but says it's too early to assess security efforts BT exclusive By DONALD URQUHART to budge on the war and terrorism classification for the Malacca Strait, London underwriters have rejected months of intensive lobbying by
      FILE PHOTO  -  627 words
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    • 1665 21 A :*AT3 NOTICES MERIX HOLDING (SINGAPORE) PTE. LTD. (THE "COMPANY") (Registration No. *****4856Z) NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act (Cap 50) (the "Act") that at the Extraordinary General Meeting of the Company held on 19 January 2006, the following resolution was passed: Special Resolution
      1,665 words

  • EDITORIAL & OPINION
    • 523 22 EDITORIAL RUMOURS in early January that China was about to diversify its huge currency reserves subsided almost as quickly as they started, with little obvious upside effect on the Chinese yuan so far. But even if currency traders have largely given up betting
      523 words
    • 757 22  -  THE BOTTOM LINE HARISH MEHTA INDIA'S US$2 miliion project to create the so-called Traditional Knowledge Digital Library, which will document the country's traditional medical knowledge in five foreign languages, is a modest and belated attempt to stop bio-pirates. This undertaking to document Ayurvedic
      757 words
    • 1102 22  -  Protests in rural areas are becoming common and so is the use of force to put them down By HOWARD W FRENCH NYT BY DAY, this small village in the midst of China's industrial heartland seems to be a picture of normalcy:
      NYT; AP  -  1,102 words
    • 962 23  -  Good fiscal behaviour; fiscal rectitude will help it emulate China's recent growth rates ANDY MUKHERJEE Bloomberg FITCH Ratings wants the Indian government to stop dipping into the cookie jar of household savings to finance its spending habit. Good fiscal behaviour
      Bloomberg; BLOOMBERG  -  962 words
    • 803 23  -  ROBERT SAMUELSON The Washington Post Writers Group LET US now praise the newest edition of Historical Statistics of the United States, whose five volumes and 1,781 tables are about to hit libraries and universities all over the country. We study history for many reasons:
      The Washington Post Writers Group  -  803 words
    • 533 23  -  LETTERS TO THE EDITOR Narayana Narayana YOUR report "CityDev pulls out of race for Marina IR" (BT, Jan 17) calls to mind that, when bids were invited for the Marina IR, 14 hopefuls originally "expressed their intent". This provoked the flippant thought
      533 words
    • 100 23 Fax your letters to 6319-8277 or email them to btletterOfph.cofn.s9 or write to: The Business Times,SPH Ha 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.
      100 words


  • 10436 24 SGX MAINBOARP 52-Wk T«l Last Vol Day Last Quota GrtMv Mv GrVId Nat MCm lew Coda Company Sate COOP) High Low loyar Sa«ar Cw ME S3 7 2 5716 1st Software St _2.5 2.5 3 10.1 21 6 3148 8TelecomUS2e 7 -0.5 1422 7.5 7 7 8 26
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  • 6192 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local cwr In S$ In USS dy yr dy yr dy %yr Jan 11 Indax Change Chang* Chang* Changa Change Changa World Index Preliminary 978.8 -1.0 14.8 -13 96 <1.9 9.8 EAFE Preliminary 967.5 -1.4 25-2 -U 1.2.7 1.1 13.0 Europe Preliminary
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    • 668 26 iMTRAfU ROftO fWVia vßsa/wT imwoto hbcnwo HO KH ta I SN JW STumvaniK 02/04 is 3.2 23/01 2&/01 31/01 03/02 05/02 STUDS VEMTUK 03/04 IS 31 07/02 10/02 STMTS EXWESS TIN I 30 I 4.1 14/02 mmmmm iobq mmnm^ I VBSK/Wr lIMWDIHBGHIWH KB SM Ml SYP Wa <B JKTISWIIO SUUHI/D73
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    • 1543 27 WAN HAI MTiRNAIIONAL PVK LID a NO-. mmsooooo/I VtrA 1,.... Til: *****5 M (14 LINES) FAX: *****163 V\\|4 WAN HAI I InFS CwfoßirSwvta/looktapDirectUm-(1100)*****200 V llftl klllLi/ miHiwnw— HBMWlN—wnntotttswowiiMgwwi V JOHIH: (07) *****23 WL (********** SUITH; (03!) *****75FAJL (031) *****14/ 3291J05 www wanhtii cam <n JKTIB-(031) S2S4IMNUb«O2I) S2S47MPUIIB: 71«3I0/71*M1 NUL7IU7I rai
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    • 1295 27 VESSEL DOT SIN JKT HK6 KHM UK KYH HIS VESSEL VOY SIT JKT SUB HKG DSN PUS HY MIDGE IMS 26/1 21/1 2/2 4/2 6/2 1/2 1/2 KMTCPUSAN 60IS 22/1 25/1 26/1 31/1 4/2 6/2 HY VLADIVOSTOK 17IS 2/2 4/2 9/2 11/2 13/2 IS/2 IS/2 KMTG SIWGAPOtE 60IS 29/1 1/2
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    • 873 27 m 3035& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VBSil VOT SIN PJOANC COUMMO H. SHIVA COLOMBO tAJIY 6AHDHI OIQOW 30 JAN 31 JAM fllitt QtiO filitt KQTA PBTAMA H2L JMLBL Jfcß Ufß -llffl 16 FB HOWUHWIDGE 0049W 13FE1 14 FEB 17 FEB 20
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  • Page 28 Advertisements
    • 794 28 MNordana (Asia) Pie lid SSIZ! 70 ShMton Way, #21-03 Marina Hmm Sk«apara 07*110 NORTH WEST EXPRESS LINE MONTHLY SIRVICI TO WISTIRN AUSTRALIA AND ISLANDS DATS ARE ARRIVAL DATES [VESSEL VOY I Fn—ih Ctw lilwd 1 I PirirGfdi 1 Island Express lE6OI X 24Jm 01_Feb MFjb 09 Fib Island Express 1E602
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    • 39 28 0 HANGLI SHIPPING DIRECT REGULAR SERVICE 22/01 22/01 SHAN FURYU ■aiyarvra 26/01 26/01 SHANNON EXPRESS JAKARTA 01/02 01/02 SHAN FURYU 05/02 05/02 SHANNON EXPRESS ttfli P.SUMATERA CI IDABAVA 27/01 27/01 PUAUNANAS dUnHDMTM 01/02 01/02 P.SUMATERA 06/02 06/02 PULAU MANAS
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    • 784 28 VKsa voy sm fw vpsa vor sm jkt PACIAMPA 14S1N ***** 24/01 MCHMM 0334 "IT7or~ 24/01 mum urn urn ism Kjfr i»l —M M CSf 2301 0230? 26/01 27/01 ffg™" gg gS -BHSK iH2 S3! BJH«z—gg —jjjj —Mb vissa vor sm m -MtllMM 2224 W/Ql— 31 /PI PACRUW P***** 27/01
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    • 518 28 HHHHTKOWAVE 354N 21-22/01 27-29/01 04-05/02 ■PSfifli TIGCT PEARL 3SSN 24-25/01 31-02/02 07 01/02 ■aUiiUlriGaisEA 356na 28 29/01 03-05/02 11-12/02 nfQ]| TIGER ISUHD 356N 30 31/01 04-05/02 12-12/02 ■■■■■TIGER SKY 357N 31-01/02 07-09/02 14-15/02 116(8 WW 3SSii 04-05/02 10-12/02 IS-19/02 KffwTTnWTwKiHOTy as 1011/01 n7^/n7iTi</n7 MMMRMMAimUVELLER Oil 01-02/02 09-11/02 19-20/02 ■UUILITIGER CUF
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    • 577 28 BSA x MYANMA nH five star une (Myonmar Notional Lin*) Loading for Yangon VESSEL VOY SIN PKI PEN PGU CHIN SHWE HAW 90W SID PAGAN 349W SID IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****341 PEN: 04-*****15 jfatasßanm ACCEPTING CONVENTIONAL CBO VESSa VOY MG SM PKL KM IN ITU SDK TWU
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 7368 29 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 28/01 07/03 China Shpg CMACGMKOMODO SX207W *****898 30/01 26/02 Delmas DELMAS FORBIN 610W *****344 04/02 07/03 China Shpg CMA CGM KALAMATA SX209W *****696 06/02 05/03
      7,368 words

  • CINEMA/BOOKS
    • 626 30  -  FILM Memoirs of a Geisha scratches only the surface of a multi-layered world, says PARVATHI NAYAR PARVATHI NAYAR THE success of Arthur Golden's 1997 bestseller could be explained using the metaphor of the kimono, wound in layers around a geisha's nubile body, which concealed yet
      626 words
    • 514 30  -  SHORT STORIES By CHEAH UI-HOON SO this is what post-post-modern Indian writing could be like contemporary and universal, with j\ist enough of the occasional cultural reference so you know that you're reading Indian writing and not Indian travel writing. Smell of an Evening is a debut
      514 words
    • 605 30  -  COOKBOOK By JAIME EE YOU could call Chef Chan Kwok a winning chef. Last year, he not only was named Asian Ethnic Chef of the Year at the World Gourmet Summit (WGS) awards, but the restaurant he heads Orchard Hotel's Hua Ting was also named
      605 words
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    • 732 30 :*at3 *0 NOTICES BUY IT Sill IT FIND IT 'Sll Boustead Singapore Limited t MtfSTtAMI (Incorporated in the Republic of Singapore) SJnc* It2ll (Company Registration Number *****1036K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 63 Übi
      732 words
  • Page 30 Miscellaneous
    • 171 30 CRYPTIC CROSSWORD 22 churdf(4) t0 fndW° k 0 W YESTERDAY'S SOLUTION 23 A device for lifting one Across: 1 Private, 5 Sea-pigs, 9 27 The compiler fool to catch 23 Mediaeval, 25 Lookout. 26 Enthe French disease! (7) r 27 Nemes,s 28 ->o A while? (8) 6 Got up to
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  • ARTS
    • 394 31  -  THEATRE By MATTHEW PHAN CONNECT the Dots, a play culled from 21 of Singapore's celebrated and banned literary works, found favour in Hong Kong last Friday as part of the City Festival's Spotlight Singapore programme. The play is not new, but takes some of
      394 words
    • 783 31  -  ART The Hermes S'pore gallery currently has the spotlight on Yann Kersale. PARVATHI NAYAR finds out more about the brand's arts programme and the artist's installations PARVATHI NAYAR ART is sometimes referred as the fine arts suggesting a level of aesthetic refinement and association with
      ARTHUR LEE  -  783 words
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  • WINE/COVER STORY
    • 1083 32  -  The wines described below are not trophy wines, not collectibles. They are very good wines in their class, not particularly expensive, except perhaps for the Masseto, but with the potential to become very fine wines. The point is to buy them young and cellar them yourself, says N
      1,083 words
    • 720 32 Producing HD documentaries Keiko Bang, president, Bang Singapore Pte Ltd "TO get that first chunk of project money is the hardest for any documentary, so this gives us a great boost." Keiko Rang, president of Rang Singapore Pte Ltd, is referring to the US$l5 million deal
      720 words
  • Page 32 Advertisements
    • 508 32 Diners Club Card row*™//*****980 >4 World of Exclusive Privileges Treats Diners JMUMBJ 1 \9 P; SE5Z5E5Z5Z5-Z5Z5ZSZSZ5Z5Z5?.5ZSZ5Z5E 7E I g C{ (Bj [)j s§/ Spring Court Lrj Qj The Oldest Chinese Restaurant in Singapore since 1929. Ln Lrj 76 ,h jr] I /TSfc »76c 1 8 Craajap :$52 S Limited to
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    • 150 32 lu)| Prosperous Lunar New Year Usher In the Year of the Dog at Grand Plaza Parfcroyal Lanck Tancli (Dalyh Adult $28 80 Child J19.80 Dtancr (Moo Iharii Adult $33.80 Child $21.80 OkHMr <M Sn|: Adult $38 JO Child $23 80 Kflan Miner (2S Jm): Adult $49 80 Child $28.80 27,
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  • executive lifestyle
    • 593 33  - What's the definition of 'openness'? off the cuff jaime ee I AM writing this in the interest of openness, especially after Soros said last week that Singapore is not an open society. Which of course prompted a ministry spokesman to nibut that if that was true, Mr Soros would not
      593 words
    • 632 33  -  PARVATHI NAYAR looks at the paradigm shift created by high-definition TV and profiles three players who are at the cutting edge of the HD movement in S'pore PARVATHI NAYAR AI'AKADKiM shift is an exciting, uncommon occurence when; a fundamental aspect of the playing field changes. The
      632 words
    • 683 33 "Ill) content is a key component of our library," says Jonathan Foo. coprosident, Six-Six-Fight Pte Ltd, talking of the; revolutionary content management company he helped <»s--tablish in December last year. Six-Six-Fight, capitalised at $15 million, is a partnership between Furopean
      683 words
    • 648 33 "III) is a strong format that offers a toUilly different visual experience for today's audience it's the way of the future." believes Mike Wiluan, managing director of Infinite Frameworks Pte l.td, the company referred to as "Singapore's leading
      PHOTOS BY ARTHUR LEE  -  648 words
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  • Page 35 Advertisements
    • 121 35 a F.P. Journe? The journey and vision of a revolutionary watchmaker r ik The Horological J Alchemist F.P. Journe Invenit et Fecit H -transforms brass into gold H|ijpi The Height of Sophistication The Sonnerie Souveraine that is protected by 10 patents SINCERE -the-WATCH SPECIALIST presents %Sonnerie Souveraine Jjpßj -> Be
      121 words
    • 2 35 8 HI
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  • THE BUSINESS TIMES
    • 482 36 F.P. Journe Invenit et Feeit transforms brass into gold From April 2004. every F.P. Journc Invenit et Fecit chronometer will feature mechanisms fully crafted in 18carat rose gold a fitting evolution for this luxury maker of chronometers. Francois-Paul Journe's handwound mechanical wristwatches, basal on mechanical principles <
      482 words
    • 265 36 Sonnerie Souveraine The grand-strike elockwatch is the m< >st ex )mple\ of the h< >rological ereatk mis. l"he greatest difficult} in its construction is to achieve full clock-watch capability from the limited energy in a wristwateh. without compromising on the sound ami reliability of the chime.
      265 words
    • 381 36 The journey and vision of a revolutionary watchmaker Francois-Paul Journe has a gaze as uncompromising and steady as the stature of the most cxaetingly made mechanical watch. And it is his zeal tor watchmaking that has allowed his Geneva-based brand, to bloom like a rare flower
      381 words
    • 479 36 iy" Hirth of Francois-Paul Journc in Marseille 1972 Fntrv into the Watch maker's Sehool of Marseille 1976 Diploma from the Watchmaker's Sch«K)l of Paris 1978 Begins working in his uncle's antique watch restoration workshop 1952 Completes his first tourhillon pocket watch with constant-force device 1985 Sets
      479 words