The Business Times, 23 January 2006
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2006-01-23
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The Business Times
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Title Section13 2006-01-23 1 THE BUSINESS TIMES MKA(P)(K9m3/2005 SINGAPORE «5 cents at http://business-times>asial .com.sg Monday, January 23,200613 words
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Article, Illustration699 2006-01-23 1 KALPANA RASHIWALA - They also account for 22.5% of all private-home purchases last year, the highest in at least 10 years By KALPANA RASHIWALA [SINGAPORE] Foreign nationals including permanent residents accounted for a solid 44.1 per cent of private-home buyers in the high-end segment last year.Source: URA,Savills Research & Consultancy - 699 words
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Article137 2006-01-23 1 MARKETS Week Chge STI 2388.91.. -16.95 KLSECOMP 905.41 -6.49 NIKKEI 225 *****.69 -758.26 HANG SENG *****.08 -125.89 SET INDEX _.747.70 -8.02 JAKARTA COMP ...1222.89 -27.54 MANILA COMP ....2108.25 -40.02 TAIPEI TAIEX 6486.63 -195.72 SEOUL COMP 1324.78 -91.50 SHENZHEN B 248.29 +25.88 AUSTALLORD 4806.10 +21.80 DOW JONES *****.39 -292.48137 words
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653 2006-01-23 1 ANNA TEO - By ANNA TEO [SINGAPORE] With trade prospects looking promising this year. International Enterprise Singapore is setting its sights squarely on meeting the needs of its "customers" Singaporebased companies venturing abroad. It will, in particular, step up its role as evangelist for free trade653 words
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Page 1 Advertisements
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Advertisement10 2006-01-23 1 VIEWS ROM THE TOP CEOs on Wbrkfare PGSIO-11 8 Hi10 words
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Advertisement38 2006-01-23 1 J&*.. ONA ROLL Plunge in COE premiums frenzy in car showrooms over the weekend. Report Pg 2 ARTHUR LEE BizlT ■r jh h Hi IDA sets stage for'living masterplan' PG3O Commentaiy: Hard times over for hard drives? PG3O38 words
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Advertisement145 2006-01-23 1 DMMGOUT/ Good cuisine f i and Quick bites ri»'l4 i 4 La f |V #1. Hell*K>- mm i At Rabobank, we are committed to With presence in nearly 40 countries and over support you in all your corporate and >.500 offices. Rabobank offers a range of products V t0 our145 words
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Advertisement7 2006-01-23 1 COMMENTARY Mi's investment appeal wearing thin PG67 words
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Advertisement8 2006-01-23 1 WALL STREET Market braces for more pain PG28 words
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TOP STORIES
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Article507 2006-01-23 2 Clouds hovering over Tokyo bourse THE Tokyo stock market will open under not one but three clouds today. One is that the Livedoor investigations would spread to other listed companies; the second is whether the bourse is able to cope with trading crises; and finally, there is the507 words
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Article, Illustration686 2006-01-23 2 ANDREW MARKS - WALL STREET INSIGHT Dow's 213-point loss js sharpest since 2003, wiping out this year's gains By ANDREW MARKS in New York US stocks were walloped last week like they haven't been walloped in a long time, putting anxiety in a marketSource: Bloomberg - 686 words
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437 2006-01-23 2 SAMUEL EE - By SAMUEL EE {SINGAPORE] You could say it was as packed as the streets of Chinatown. Some car showrooms across the island were chock-fuU yesterday as bar-gain-hunters them irk the wlke oflSlt in car £OE premiums to below $10,000. "It437 words
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Article, Illustration594 2006-01-23 4 ANTHONY ROWLEY - Three issues arising from last week's crash are worrying investors By ANTHONY ROWLEY in Tokyo THE Tokyo stock market will open under not one but three clouds today. Weighing on investors will be the three implications of last week's market crash triggered by prosecutors' raidsAFP - 594 words
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253 2006-01-23 4 It delays vote on DP World's offer by almost 4 weeks Bloomberg PENINSULAR Oriental Steam Navigation Co (P&O) is giving Singapore's PSA International more time to make a formal bid for the company, delaying a shareholders' vote on an offer fromBloomberg - 253 words
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552 2006-01-23 5 US$1.8b deal shaping up as biggest corporate takeover in Thailand Reuters [BANGKOK] Thai Prime Minister Thaksin Shinawatra's family is set to announce a US$l.B billion deal today to sell a controlling stake in the telecommunications empire he founded to SingaporeReuters - 552 words
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Advertisement418 2006-01-23 2 Financial Services Tax Seminar 2006 Dates In line with the government's effort to steer Singapore ahead as a premier Wednesday, 8 February 2006 financial hub in the region, new tax incentives and initiatives were introduced 9.00 am to 5.00pm in the last few years to provide the much needed impetus418 words
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Advertisement123 2006-01-23 2 FLY JAL. DOUBLE YOUR MILEAGE. i EARN DOUBLE MILES! UPGRADE WITH FEWER MILES! All JAL Croup Flights, International And Domestic, in All Classes. Upgrade For As Few As 10,000 Miles One Way! For flight taken between December 1, 2005 and March 31, 2006 For flights taken between January 1, 2006123 words
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Page 3 Advertisements
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Advertisement30 2006-01-23 3 HAUTLENCE i I Bill, p HAUTLENCE HLOI Jumping hours, retrograde minutes 40 hours power reserve In-house manufactured calibre Manually wound mechanical movement Water-resistant to 30 meters Limited to 88 pieces30 words
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Advertisement654 2006-01-23 4 l '*go* o i 14 Sole Distributor: SERANGOON Rk>»i> Dpml.», d>. |f j 1 q i Appollo Seilappas Mega Department St Cold Mart 3 Campbell Lane, 153 Dunlop Street Tel: *****691 Bhatia Brothers Pte. Ltd. 1 North Bridge Road Bhirath WatchPte Ltd 172, Serangoon Road Tel: *****029 #01 -36 High654 words
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Advertisement60 2006-01-23 4 HjjHH t 4 <> Authentic TEOCHEW t j I J"* it t Raw fish to welcome the Auspicious New Year BBQ We are closed on 29 Jan and will re-open on 30 Jan 2006. < TEOCHEW RESTAURANT 28 NORTH CANAL ROAD, POH HENG BUILDING (OPPOSITE HONG LIM PARK), SINGAPORE *****4.60 words
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Advertisement167 2006-01-23 5 ktMISmWKBk %A .> md V r fei O^fIHHHK9IBP r SHIFT_ passion m ROADSTER Showrooms: Authorised Dealers: Auto Mega Trading Pte Ltd 300 Tampines Ave 5, #01-01, NTUC Income Tampines Junction. Tel: 6787 jL Tan Chong Motor Sales Pte Ltd Bukit Timah: 91 1 BukitTimahßd Tel: 6466 7711 2882 Hong Heng167 words
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COMPANY NEWS
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Article, Illustration863 2006-01-23 6 ROLAND LIM - OUTLOOK 2006 Surging demand for consumer electronics driving upswing: analysts By ROLAND LIM WITH the increased demand for consumer electronics widely expected to fuel the recovery in the semiconductor industry this year, listed semiconductor players here look all set to ride this waveSource: Semiconductor Industry Association - 863 words
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COMPANY BRIEFS
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61 2006-01-23 6 NUTRIASIA Pacific said over the weekend that it now has over 914.36 million shares, representing an 84.52 per cent stake, in Del Monte, following the expiry of its Jan 20 deadline for a mandatory conditional cash offer to acquire all the issued and61 words
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170 2006-01-23 6 MAPLETREE Logistics Trust has raised $130 million to fund its acquisition of nine properties in Asia. All 20 million units of MapletreeLog under an ATM offering to the public were fully taken up within eight minutes of the offering's opening last Saturday. The price170 words
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Article, Illustration716 2006-01-23 6 WONG WEI KONG - By WONG WEI KONG THE good news from Mobile One's (Ml) latest results is that it is returning more cash to shareholders for FY2005. The bad news, however, is that such a level of generousity probably cannot be sustained. For some time now, Ml,BLOOMBERG - 716 words
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Article, Illustration539 2006-01-23 7 CONRAD RAJ - Shareholders get one Cougar share for every 4 SSC shares held By CONRAD RAJ SOME 9,200-odd shareholders of Singapore Shipping Corporation (SSC) are being given shares in logistics firm Cougar Logistics Corporation which is being demerged from the company and separately listed on Wednesday539 words
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Article, Illustration393 2006-01-23 7 OH BOON PING - As Chuan Hup chairman, veteran MP focuses on foreign business ops By OH BOON PING PAIRING business with politics may be tricky, but veteran politician Tan Cheng Bock struck a balancing act by looking at overseasbased business operations. "As chairman of393 words
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Article336 2006-01-23 7 LESLIE YEE - By LESLIE YEE THE focus on risk management coupled with a slew of changes in accounting rules are forcing companies to look for ways to reduce volatility on their balance sheets. And this is proving to be a boon for Nexgen Financial Solutions (NFS), said its336 words
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400 2006-01-23 7 THE Airocean Group has taken on board one more new director. Bukit Timah MP and Feedback Supervisory Panel chief Wang Kai Yuen has been appointed as an independent director, the group said yesterday. Irene Tay, who was named last Friday to Airocean's400 words
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272 2006-01-23 7 AFTER winning a US$33B million repeat order for an ultra-deepwater semi-sub-mersible drilling rig from Texas-based Ensco International just last week, Keppel FELS a whollyowned subsidiary of Keppel Corporation and the world's largest rig builder delivered a KFELS B Class design jackup drilling rig272 words
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Page 6 Advertisements
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Advertisement63 2006-01-23 6 Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but shaped by the future. Always looking at opportunities and challenges from a different point of view. Bringing together new partners to achieve results that can make the difference for our clients. Because our sole63 words
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Page 7 Advertisements
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Advertisement5 2006-01-23 7 I J&WS&Sst. %riiillilllllliiyiiisik?.fr Credit Suisse5 words
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SINGAPORE MARKETS
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Article, Illustration662 2006-01-23 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index's movements over the past four weeks have not been for the faint-hearted. A rise of 102 points (using only closing figures) in 11 trading sessions was followed by a fall of 68 in six,662 words
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Article440 2006-01-23 8 Payment Ex looks Pay Payment Ex Books Pay 131)—dali close tffta (ct») date dot* data Aberdeen UK 10p f 1.58 14-0ec 19-Dec 01-Feb Nam Lee 10c F 1.00 06-Feb 09-Feb 28-Feb APB Breweries EE 2 00 01-Feb 06-feb 1S-Feb Qian Hu Corp 10c b 0.50 17-Mar 22-Mar 03-Apr440 words
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448 2006-01-23 8 CURRENCIES AFP [HONG KONG] Asian currencies fell against the dollar last week, with the Japanese yen down slightly after a tumultuous week on the Tokyo bourse. Japanese yen: The yen swung back and forth in the lower-115 range against the dollar, but remained relatively stableAFP - 448 words
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447 2006-01-23 8 COMMODITIES AFP [LONDON] Gold prices hit another 25year high last week, while oil prices raced to four-month peaks on supply fears stoked by tensions from Iran, Nigeria and the purported new alQaeda threat to the United States. Metal prices mostly jumped higher onAFP - 447 words
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Article, Illustration1638 2006-01-23 8 Source: Reuters Consensus No.of Forecast Mean Ftfi recommendation esti- EPS PE target price Company name This wk Lastmth mates (cents) (ratio) price Allgreen Properties 2.22 2.22 9 5.49 23.32 1.43 1.28 Ascendas REIT 2.14 2.29 14 11.37 18.29 2.32 2.08 Beyonics-Technology 1.50 1.50 2 5.80 7.07 0.48 0.41Source: Reuters - 1,638 words
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Article, Illustration1293 2006-01-23 9 TEH HOOI LING - TEH HOOI LING Senior Correspondent THE Straits Times Index plunged In tandem with steep, panic-driven falls in Japan eariy last week, before recovering some tost ground in the last two days ofthe week. In all however, the index still ended in the negative1,293 words
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Article, Illustration1288 2006-01-23 9 ROBERT HALILI - INSIDE MARKETS Notable buying seen for Eucon Holding, MTQ Corporation and Utac, reports ROBERT HALILI ROBERT HALILI TRADING activity by directors and substantial shareholders remained flat last week with only 41 trades worth $13 million, based on filings on the SingaporeFILE PHOTO - 1,288 words
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VIEWS FROM THE TOP
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Article, Illustration2871 2006-01-23 10 THIS WEEK'S TOPIC What do you think of the proposed Workfare-based scheme to help our lower-wage workers? What concrete steps can be taken to ensure that it benefits those who need it most? BTCEOse-dub Members of the BT CEOs e-Club are Singapore's top corporate leaders whom2,871 words
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Advertisement142 2006-01-23 11 »■<. <p- V 4 7" ■V- H <• .'V it* T?'v >••* .j Ux *-l'^ 'i, V;, 1 x ,'y o >*'' I Br r£, V -V-'-'l 'i«. V, f $T >-. Vision is about choice. The choice to change or stay the same. To transform or conform. To act142 words
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Advertisement22 2006-01-23 11 UN* YOURSMT What do you think of the opinions expressed in these pages? Share your views by writing to <- J btietterOsph.com .sg22 words
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SINGAPORE NEWS
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433 2006-01-23 12 LESLIE YEE - The number of companies wound up last year down 28% at 161 By LESLIE YEE THE declining trend in new corporate and individual insolvency cases seen in 2004 continued last year. The number of companies wound up and petitions filed to wind up companies433 words
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Article105 2006-01-23 12 DATE/ TIME EVENT VENUE 23-25 Jan Asia Business Forum Legal Grand Copthorne 8.00am Tax Aspects of M&A.JV Waterfront Hotel 24 Jan EAI Seminar on The EAI Conference Room 3.30pm 'Scientific Concept* as a Blk AS5, Level 4, NUS, Guide for China's 7 Arts Link Development 24 Jan 'Strategies105 words
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Article, Illustration260 2006-01-23 12 ARTHUR LEE - Report and photo by ARTHUR LEE THE Year of the Dog comes once every 12 years in the Chinese lunar calendar. But every year in Germany, the best of the German Shepherd breed compete at the annual Sieger show, held around September, for top260 words
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323 2006-01-23 12 By LESLIE YEE FINANCIAL services firms in Singapore and globally need to provide customers with "an experience", and this can be done through service excellence, said customer relationship management (CRM) guru Paul Greenberg. In a recent interview with The Business323 words
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Advertisement341 2006-01-23 12 Diners Club Card To apply, call 6416 0980 A WorJAof Exclusive Privileges Treats Diners Club wwuuiiners.com.sff International- f **r ir k 7W( V j Trm- -~^aßmW™B^BtmMiWOTlll^B^^^MT^ I i itJ: L fI^ET **S9l IS3DHDfl|fl9B^^Sjj^|P^^^^R*jHK9JHHHV ir liigfliß IWWiW^KBiMwBiBMiBIM it From now, eat all you can from our special a fa carte menu341 words
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Advertisement59 2006-01-23 12 JS-O s u sh 1 i siai pl I^3 i Off for Sushi Sashimi j 'Terms Conditions Apply Sushi Don Pte Ltd 109 North Bridge Road #81-01 A Funan Digitalife Mall, Tel: 6338 9894 Sushi Don (Rendezvous) Pte Ltd 9 Bras Basah Road #01-01, Hotel Rendezvous Gourmet Gallery, Tel: 688359 words
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Advertisement96 2006-01-23 13 .V-r :V :'/Bj V t THE FIRST IN THE WORLD TO WIN GOLD AT THE MONDE WORLD SELECTION AWARDS! SKYLIGHT PREMIUM GIFTS 4 i.• V JL 1 .■7''* r- >* i "•'v v V .~v. v •i• Sr r. V- BUY ANY 2 CANS OF SKYLIGHT ABALONE AND GET 196 words
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DINING OUT
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Article, Illustration1358 2006-01-23 14 Imperial Treasure Cantonese Restaurant #02-06 Great World City. Tel: 6732 5573 ONE thing about Alfred Leung. You don't know how he does it but he seems to have the Midas touch. Ever since he left Crystal Jade to come out on his own, he's1,358 words
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Advertisement126 2006-01-23 14 Harriott. SINGAPORE LUNAR NEW YEAR GOURMET TAKEAWAYS FROM WAN HAO CHINESE RESTAURANT Celebrate a memorable Lunar < New Year reunion or gathering with exquisite gourmet takeaways from Wan Hao Chinese of i j|H WM Gourmet Hunt 2005 u Sheng rom $38.00 Nian Gao $33.00happiness Abundance Blessings Health, Wealth Prosperity at126 words
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Advertisement52 2006-01-23 14 L Singapore Gourmet Hunt Gold Award Winner mL Most Popular Asian Cuisine Restaurant |n Best Dish Competition Best Service (Asian), Wine ft Dine Top Restaurants Guide f Singapore Tatter Best Restaurants Guide Reservations recommended: 6472 3833 E jjKt 3 USE Ife The Copperdome, Anchorpoint r Group 368 Alexandra Road (Opposite52 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration684 2006-01-23 15 DANIEL BUENAS - Singaporean investors tend to be even mote overconfident than their Hong Kong and Taiwan counterparts. DANIEL BUENAS explains how a Citibank study arrived at this conclusion DANIEL BUENAS OVER the last couple t>f weeks, we've looked at a Gtibank study that delved on684 words
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Article, Illustration748 2006-01-23 15 KELVIN SAM - CAMPUS LIFE SMU undergraduate KELVIN SAM recalls the old-world charm of Milan, a city in which he spent four months as an exchange student KELVIN SAM SITUATED in one of the fashion capitals of the world, Bocconi University was everything I had expected. Although the city campus748 words
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Advertisement251 2006-01-23 15 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have251 words
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ECONOMY WATCH
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Article, Illustration591 2006-01-23 16 Livedoor probe, Teheran standoff jar global stock and currency markets Reuters [WASHINGTON] A geographical shift in the destination of Iran's foreign investments is hardly the stuff of global economic meltdowns, experts reckon, nor are alleged shenanigans at just one Japanese Internet firm. But both events sentReuters; BLOOMBERG - 591 words
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304 2006-01-23 16 Reuters [TEHERAN] Iran, which has said it is shifting its money out of European accounts as the threat of UN sanctions mounts, will not move its currency assets to Asia, a deputy central bank governor said on Saturday. Teheran has .bitterReuters - 304 words
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422 2006-01-23 16 AFP [PARIS] The Organisation of Petroleum Exporting Countries (Opec), which is to set its production policy for the coming months at the end of January, risks being dragged into a conflict pitting Iran against Western oil consuming nations. Opec, which pumpsAFP - 422 words
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Page 16 Advertisements
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Advertisement939 2006-01-23 16 NATSTEEL LTD (Incorporated in the Republic of Singapore) Company Registration Number *****0107 C NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Members of NATSTEEL LTD (the "Company") will be held at STI Auditorium, Capital Tower 9th floor, 168 Robinson Road, Singapore *****2 on 22 February 2006 at939 words
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Advertisement188 2006-01-23 16 In the matter of THE COMPANIES ACT (CAP. 50) And In the matter of SINMINH INDUSTRIES PTE LTD Co Reg No.: *****3786N (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 50) that the Final Meeting of188 words
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Advertisement597 2006-01-23 16 IN THE MATTER OF THE COMPANIES ACT (CAP. SO, 1994 E0) AND IN THE MATTER OF GOLDEN SQUARE PTE LTD (Company Registration No. *****4993N) CAPITALAND MARKET STREET PTE LTD (Company Registration No. *****4995R) ROCHOR SQUARE PTE LTD. (Company Registration No. *****4996G) (All In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING597 words
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Advertisement862 2006-01-23 16 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 *AND IN THE MATTER OF PEOPI-E'S REALTY COMPANY (PRIVATE) LIMITED (INMEMBERS' VOLUNTARY < LIQUIDATION) Company Registration no. *****0353W At an Extraordinary General Meeting of the ahovemcntioncd Company held al 22 Scotts Road. Goodwood Park Hotel. Executive Boardroom Singapore *****1 on 18862 words
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MALAYSIA/INDONESIA
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Article, Illustration649 2006-01-23 17 SHOEB KAGDA - Sales grew by 25% per annum and net profit by 40% in the past few years By SHOEB KAGDA in Jakarta INDONKSIA'S manufacturing sector has taken a beating in recent years as competition from Vietnam, Thailand and China led factories to relocate649 words
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405 2006-01-23 17 IKUAIJV LUMPUR] Analysts gave the thumbs-up to the proposed merger between ECM Libra Bhd and Avenue Capital Resources Bhd, saying it will be a win-win situation for both parties, Malaysia's Business Times reported. This is because their businesses are expected to complement each other.405 words
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251 2006-01-23 17 It also plans to tap loan to meet investment needs [JAKARTA] PT Indonesia Power, a subsidiary of state electricity firm PLN,*will launch its initial public offering (IPO) later this year to raise fresh funds for the expansion of the company's power251 words
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Article, Illustration647 2006-01-23 17 PAULINE NG - MALAYSIA INSIGHT PAULINE NG KL Correspondent IT WAS a casual survey of university students in their late teens and early twenties. Asked what their dream cars were, they replied: Volkswagen Beetle, BMWS series, Mitsubishi lancer and Kia Sorento. And when did they think647 words
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Article3399 2006-01-23 17 Transaction date: Jan 20 For a full listing of the closing prices, log on to BT Online at http: 7business-times.asial.com.sg after 11.30pm every trading day HONG KONG v.i HK$ '000 Aeon Credit .6.10 unch 0 Aeon Stores 7.50 unch 6 Angang New Steel H 4 88 0.15 *****3,399 words
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GREATER CHINA/INDIA
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447 2006-01-23 18 US$3.8b deal sets higher valuation for bank than earlier sales of China rivals [HONG KONG] Industrial and Commercial Bank of China (ICBC) is understood to have reached an agreement to sell a 10 per cent stake to a consortium led by447 words
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197 2006-01-23 18 [SHANGHAI] China is considering a plan to increase foreign participation in its domestic stock and bond markets, seeking to bring more outside capital into the nascent sectors, a media report said on Saturday. China first began allowing foreigners to invest in its197 words
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Article, Illustration414 2006-01-23 18 [NEW DELHI] India is facing a severe shortage of quality hotel rooms, a crunch that has spurred hotels to raise rates dramatically, a travel executive said last Friday. The shortage of rooms at hotels that meet Western standards has led manyFILE PHOTO - 414 words
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Article, Illustration647 2006-01-23 18 ASHOK KUMAR - INDIA INSIGHT ASHOK KUMAR OVER the next 12 to 24 months, 325 global outsourcing contracts worth US$lOO billion will be up for renewal. At present, almost 70 per cent of these are with the big six IBM, HP, Accenture, Affiliated Computer Services (ACS), Computer647 words
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281 2006-01-23 18 Reuters [MUMBAI] India's largest commodities futures exchange will roll out contracts for more iron and steel products and non-fer-rous metals in the next few weeks, following the success of a product launched a year ago, a top official said. India produced nearly 39Reuters - 281 words
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BRIEFLY ASIA
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81 2006-01-23 18 Bloomberg [AMSTERDAM] Rabobank Groep, the world's largest agricultural lender, has teamed up with a third cooperative bank in China as part of its expansion drive in the world's fastest-growing major economy. Rabobank and Tianjin Rural Cooperative Rank have signed a preliminary agreement to cooperateBloomberg - 81 words
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115 2006-01-23 18 Bernama [KUALA LUMPUR] Private sectors should act fast and grab the opportunities given under the new European Union Generalised System of Preferences (EU GSP) to ftoost Malaysian exports to European market, International Trade and Industry Minister Rafidah Aziz said. "So theyBernama - 115 words
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94 2006-01-23 18 Reuters [TAOYUAN] Taiwan's Quanta Computer Inc, the world's biggest contract manufacturer of laptop computers, forecast last Friday 30-40 per cent sales growth in 2006 due to higher laptop, server and LCD TV shipments. The forecast was above market expectations, with 15 analystsReuters - 94 words
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82 2006-01-23 18 Bloomberg [HONG KONG] Hong Kong Exchanges Clearing Ltd, the manager of Asia's second-biggest stock market, is studying three options for revamping the Growth Enterprise Market, or GEM board. The exchange may merge GEM with the main market; create a new market for growthBloomberg - 82 words
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84 2006-01-23 18 Reuters [BEIJING] China is relaxing curbs on management buyouts of state-owned enterprises (SOEs), while maintaining restrictions to protect the state from losses and preventing control by a small group of insiders, Xinhua news agency said yesterday. Total shares held by management staff shouldReuters - 84 words
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98 2006-01-23 18 Reuters [NEW DELHI] Mobile phone companies are taking cheap handsets and life-time prepaid services to India's hundreds of millions of low-income earners in a bid to expand market share and maintain their break-neck rates of growth. Mobile ownership surged in December with a recordReuters - 98 words
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Advertisement64 2006-01-23 18 v Vj,'!.' SUPER HOT DEALS Fly Royal Brunei to London Dubai via Brunei DUBAI from $590 LONDON from $695 Minimum 2 passengers Sales ticketing tffl 31st January 2006 Outbound validity ttl 28tti February 2006 Excluding taxes and surcharges Terms and conditions apply v For more information please call our travel64 words
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ASIA-PACIFIC/WORLD
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621 2006-01-23 19 Fears of economic slowdown as major companies fail to meet expectations Reuters [NEW YORKI A spate of missed revenue targets this quarter from high-profile US companies across sectors is raising concerns the economy is slowing and will not grow as fast asReuters - 621 words
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250 2006-01-23 19 Bloomberg [MANILA] Ayala Corp, owner of the Philippines' largest land developer and biggest bank, said its chairman Jaime Zobel de Ayala will retire after 49 years at the country's oldest business group. Mr Zobel's retirement will take effect after the company's annual stockholders'Bloomberg - 250 words
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280 2006-01-23 19 Reuters INKW YORK] The New York Mercantile Exchange (Nymex) is expected to seal a deal within the week to sell a 10 per cent stake to private equity group General Atlantic LLC for up to US$l7O million, toppingReuters - 280 words
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WORLD WATCH
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59 2006-01-23 19 Reuters [ZURICH] Swiss bank ÜBS is cutting ties with all of its customers in Iran because of high compliance costs, a spokesman said yesterday, adding that the decision was not driven by political motives. "We started to exit customer relationships with counterparties in IranReuters - 59 words
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50 2006-01-23 19 AFP (SYDNEY] Australian Prime Minister John Howard is set to reshuffle his Cabinet this week after sacking one minister and accepting the resignations of two others. He is expected to announce his reshuffled Cabinet when he addresses the National Press Club on Wednesday. —AFPAFP - 50 words
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76 2006-01-23 19 AP [PRINCETON] Cleveland philanthropist and chairman of a car insurance company Peter B Lewis, a graduate of Princeton University, has given the school US$lOl million to build a new performing arts centre and improve the school's creative arts programmes. It's the largest single monetary giftAP - 76 words
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Article62 2006-01-23 19 Reuters [NEW YORK) Nasdaq Stock Market Inc's reported interest in bidding for the London Stock Exchange (LSE), if true, would mark a surprising change in direction for Nasdaq, which had its fingers burnt when it leapt overseas in the late *****. Nasdaq was reportedReuters - 62 words
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35 2006-01-23 19 Bloomberg [NEW YORK] JPMorgan Chase Co said chairman William Harrison and CEO James Dimon each received US$l2.6 million in restricted stock as part of their 2005 compensation packages. BloombergBloomberg - 35 words
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Article61 2006-01-23 19 Bloomberg [MUNICH] Infineon Technologies AG, Europe's largest chipmaker, reported a bigger-than-expected quarterly loss after semiconductor prices dropped on lower demand. The net loss in the three months ended in December was 183 million euros (*****.5 million), compared with a profit of 142 million euros a yearBloomberg - 61 words
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63 2006-01-23 19 Reuters [NEW YORKJ General Electric Co and Hitachi Ltd are teaming up for a bid on Westinghouse Electric Co, the Wall Street Journal reported last Friday, citing people familiar with the matter. But the Journal also said that GE is thought to beReuters - 63 words
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Article, Illustration783 2006-01-23 19 AP [NEW YORK) Computers at the Tokyo Stock Exchange (TSE) couldn't handle a deluge of«rders in the midst of a major sell-off last week, and a hiccup at the Nasdaq Stock Market meant investors saw incorrect stock price movements online for much ofAP; AFP - 783 words
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389 2006-01-23 19 Bloomberg, Reuters INEW YORKI Walt Disney Co chief executive officer Robert Iger. less than four months into the job. is planning the media company's biggest acquisition in 10years. A purchase of Pixar. maker of binding Nemo and Toy Story,Bloomberg,; Reuters - 389 words
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Advertisement11 2006-01-23 19 5 'JT jsl rnotinw umiin a<ti4B*\Jmu!£>L*nnm* Ur*emlUcm*f Sakittam I Cmdthtg > %>iwiiiwi**wiiw11 words
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WORLD
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413 2006-01-23 20 They cite high costs of complying with Sarbanes-Oxley governance laws Reuters [LONDON] An increasing number of European companies are set to delist their US shares due to the high costs and burdens associated with complying with Sarbanes-Oxley corporate governance laws, industry officials said.Reuters - 413 words
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Article, Illustration84 2006-01-23 20 [CLEVELAND, United States] Charles Sandison, in silhouette, installing his exhibition called 'Index' at the Museum of Contemporary Art here last week. 'Index' is a large-scale installation of projected data. In this photo, the 1911 version of an entire encyclopaedia is projected as competing to get back onAP - 84 words
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356 2006-01-23 20 He took £265m loan to buy club last year for £790m [LONDON] JP Morgan, the US investment bank, will own Wayne Rooney and all of Manchester United's assets if US sports tycoon Malcolm Glazer is unable to keep up with repayments356 words
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251 2006-01-23 20 Bloomberg [NEW YORK] Microsoft Corp, the world's biggest software maker, will spend US$l2O million a year on an advertising campaign to fight its image as "a huge American company". The campaign, spanning television, print and the Internet, highlights Microsoft's education and economicBloomberg - 251 words
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Article366 2006-01-23 20 In return, 2 Porsche executives will join VW board NYT [FRANKFURT] A highstakes boardroom battle at Volkswagen ended in a truce last Friday, as Ferdinand K Piech, the company's chairman and an heir to the Porsche fortune, agreed to step down next year in returnNYT - 366 words
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328 2006-01-23 20 AP [DETROIT] In a survey released last week, Ford Motor Co ranks last among major carmakers in the use of its North American plant capacity. The company aims to change that with a restructuring plan to be announced today that isAP - 328 words
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Article, Illustration431 2006-01-23 20 Reuters [LOS ANGELES] With little bunny-eared tubes of makeup bearing evocative names like "In the Mood" and "Tie Me to the Bedpost", Playboy Enterprises Inc hopes to boost sales of licensed products at upscale retailers to help ofFset the slump in itsReuters; REUTERS - 431 words
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AVIATION
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672 2006-01-23 21 Unsecured creditors to get stock in reorganised company AFP [CHICAGO] A US court has approved United Airlines' plan to emerge from more than three years of bankruptcy protection in early February. "We have come to the end of a long process," USAFP - 672 words
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267 2006-01-23 21 Bloomberg [WASHINGTON] The US government is going forward with its "registered traveller" plan to let passengers move quickly through airport security, which an airline trade group now opposes as "a revenue-generating scheme". The plan would let passengers avoid some security measures, suchBloomberg - 267 words
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Article, Illustration322 2006-01-23 21 51 int'l flights cancelled, 90 delayed at Narita AFP [TOKYOI A rare snowfall in Tokyo left nearly 10,000 passengers stranded overnight at Narita airport after about 50 international flights were cancelled, the airport authority said yesterday. The season's first snowfall in the greater Tokyo re-AFP - 322 words
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279 2006-01-23 21 Bloomberg [MUMBAI] Jet Airways (India) Ltd, the nation's biggest domestic carrier, said its third-quarter profit declined 53 per cent, its second quarterly fall, as fuel costs surged and competition from low-fare carriers intensified. Net income fell to 610.1 million rupeesBloomberg - 279 words
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205 2006-01-23 21 Bloomberg [CHICAGO] American Airlines, United Airlines, Delta Air Lines and other carriers said they raised ticket prices US$5 each way in most US markets amid rising fuel costs. Northwest Airlines Corp and Continental Airlines Inc said they also adopted the increase, which was initiatedBloomberg - 205 words
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Article635 2006-01-23 21 CUT MB ITA MJSMT «W> in to m Amsterdam 11 i f Anchorag« VDA878 1300 III IW J! Jj| landung tWto' W90T UK aim, A***** 1910 l Mil Cap* Town 5C<7S 0215 Cabu OR613 (5515 —MI56S 0905 wm OiiMflhUI TRIM 2350 TRIM 1645 ChkaSo UAM5 2355635 words
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Page 21 Miscellaneous
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Miscellaneous207 2006-01-23 21 CRYPTIC CROSSWORD emperor (6)"" 25 Boss-had one circular room (6) 7 Day of joyful occurrence YESTERDAY'S SOLUTION 26 The north-eastern enclosure when final reminder arrives? Across: 1 Die Fledermaus, 9 Giranfirst has pitcher-plant (8) (3-6) do l e> 10 Mambo, 11 Nurse, 12 DOWN nmo building up Deep, 13 Plot,207 words
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SHIPPING
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578 2006-01-23 22 DONALD URQUHART - Seacurus' product will cover ransom money and access to negotiation specialists By DONALD URQUHART [SINGAPORE] The lucrative business of kidnap-for-ran-som, an offshoot of the global maritime piracy problem, has in turn spawned a new business for insurers who are now offering kidnap-and-ran-som policies for578 words
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Article, Illustration444 2006-01-23 22 Move to speed up project taken up at the advice of US agency Reuters [CHITTAGONG] Bangladesh's main Chittagong port has taken up a US$l2 million project to set up container scanners aimed at detecting shipments of deadly cargoes, port officials said.Reuters; FILE PHOTO - 444 words
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Article285 2006-01-23 22 Source: Reuters SGX '000 Jan 20 SS Vol CH Offshore 0.38 001 194 ChuanHup 0.39 unch 631 Cosco Corporation 2.31 0.02 6493 CWT Distribution 0.83 0.01 51 EzraHldgs 1.71 0.09 4165 Freight Links 0.06 unch 95 Grand Banks Yacht 0.91 0.01 11 Jaya Holdings 1.26 0.01 2107 K1Source: Reuters - 285 words
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245 2006-01-23 22 Bloomberg [LONDON] Old ships accounted for 31 per cent of the world fleet of dry-bulk vessels last year as freight rates traded above historical averages, prompting operators to keep ageing carriers in service, the London-based shipbroker Simpson, Spence Young said. VesselsBloomberg - 245 words
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Article, Illustration293 2006-01-23 22 AFP [SEOULI South Korea, Asia's fourth largest economy, has opened a new cargo port in the southern city of Busan, stepping up a race to become the leading shipping hub in Asia. South Korean President Roh Moo Hyun attendedAFP - 293 words
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275 2006-01-23 22 Reuters [LONDON] Crude oil freight rates from key exporting centres stormed higher last week, with Middle East VLCC to Asia leaping over 50 points on strong demand and emerging February cargoes, shipping brokers said. Prices on leading routes from the GulfReuters - 275 words
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191 2006-01-23 22 AP [KUALA LUMPUR] A Thai fisherman, clinging to a piece of wreckage from his boat in the South China Sea, was rescued by a Taiwanese cargo ship and brought to a Malaysian port yesterday, an official said. The fisherman's boat had been smashed in aAP - 191 words
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Page 22 Advertisements
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Advertisement28 2006-01-23 22 Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2062 Shipping times28 words
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Article12365 2006-01-23 23 STRAITS TIMES INDEX STOCKS Stock nam* Wt Oom Chang* Stodi mum Wt Oom Chang* Stoc* nam* in daw Oiang* All(|rc «ti S0< 0 10 1280 0 010 Maw Par Corp 0.42 5 300 SPH20r 430 4 320 nuillltMrill 1 01 2 080 Hyflu* 5c 044 2 990 0.07012,365 words
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Article6465 2006-01-23 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In k**l art Hi U feUfl *yr X dy yr X &y %yt tan 20 lnd»« Chang* ChfiQ« Ofng« Ovngt Q»>og» Owng» The World Index Preliminary 9809 -0.7 15.1 <05 9.7 -0.7 Mil «EAFE Prefiminary 9754 -03 2*2 <4 133 414 III Europe6,465 words
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Page 25 Advertisements
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Advertisement1578 2006-01-23 25 IMTWAHA HQBO WNKM vpsa/voT rartpct) hbghthq mo «h to sm mt STRAITS VENTURE 02/06 IS 3.2 23/01 26/01 31/01 03/02 05/02 STIAITS YEMHJK 03/04 IS 3.2 07/02 10/02 STIAITS EXWtESS TIN 30 4.1 M/ 02 IAIffTWAIIAH WQHQ MBVICI I vßsa/vor rampped hbghtim)| m ism m std ma mm jkt sm1,578 words
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Page 26 Advertisements
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Advertisement1574 2006-01-23 26 WAN HAI NIERNATIONAL PTE LID aNfctofktooo/T IrrrA mi mm 10:*****588 (14 LINES) FA&*****163 i \T* \\M WAN HAI I INF\ OntMNrSmto/lMhtagi DM UN (1800) *****200 V 111 flnll llffl hlllLl# FRI TH: KB) ***** M HUL (03) S42HM FBI IB: |04) *****0 FAX: (M)229Mf9 V JOH IB: (07) *****23 MX:1,574 words
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Advertisement1251 2006-01-23 26 YESSa WW SIN JKT HK6 Pi IWC KYH PUS VKSE VOY V JKT SUB HKG DSN PUS HY HtIOGE IQtS 24/1 21/1 2/2 4/2 4/2 1/7 1/2 KMTC SINGAPORE 401S 29/1 1/3 2/2 7/2 11/2 12/2 HTVLADIVOSTOK 171S W M 11/2 13/2 IS/2 IS/2 KMT( JAKARTA 402S S/2 8/2 9/21,251 words
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Advertisement796 2006-01-23 26 a<3as&* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS vessel I voy Ism pjuangl Colombo N. SNEVA COLOMBO gg |gfl -aIWMiW OIWW 30 iAH 31 JAM fllifi Q&iU Blfß KOT» PtKTAMA YPMO3I 06 FEB 2Zi£| IMO Ufß IMU HpWUX IKIPGE Jjg49W_ JLlfij UFB liffl MFB796 words
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Advertisement1041 2006-01-23 27 (Asia) Pie Ltd 70 Slwntoii Way, *21-03 Marino How Shgqpwt *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATtS ARE AIMVAL.DATB I VESSEL VOY Singapore ftmmllk Cocw Itlwwl Chrhfts IsUd Pwk Island Express lE6OI X 24 Jon 0) Feb M Feb 09 Feb Island Express 1E6021,041 words
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Advertisement1283 2006-01-23 27 VISSCL VOY SM POU Ytssa VOT SIN JKT PAC lAHDA 16S1H 24/01 24iSH PAC MNTAN 9334 21/01 24/01 ncuHM ***** am HfWtUl llu gffi CSH3OI 0230f 26/01 27/01_ "g™ SF TACMWPA 14m UM 27/01 Si! M 6755 mum M4M a/ftj azu_ g a™ —Jfg S —Sim J5L22O] siaif MZftl BZfil-1,283 words
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Advertisement581 2006-01-23 27 BSAi '^HH9VTfS?STrV?SS9rT lia,l ?Tl l S!'^^^v 0 MYANMA ■H FIVE STAR LINE (Myonmar National Line) Loading for Yangon VESSEL VOY SIN PKI PEN PGU CHIN SHWI HAW 90W SLD PAGAN 349W SU> IN MALAYSIA: 80USTEAD SHIPPING AGENCIES Kill/PKL 03-*****388 PEN: 04-*****1S ACCEPTING CONVENTIONAL CBO VESSEL VOY HKG SIN PKI KCH581 words
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THE BUSINESS TIMES SHIPPING TIMES
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7818 2006-01-23 28 This ETA ETA Advertiser Vessel Voyage Telephone SIN 'Dest'n Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 30/01 26/02 Delmas DELMAS FORBIN 610W *****344 30/01 07/03 China Shpg DAXIN 161W *****898 04/02 07/03 China Shpg CMA CGM KALAMATA SX209W *****898 06/02 05/037,818 words
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Page 29 Advertisements
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Advertisement47 2006-01-23 29 <3 C) L__ .-L3 (-AJ FIND c; THE ONES H THAT FIT! U J Recruit the right H people through CATS Recruit. I Call 1800 289 8822 j ..J or email > recruit@sph.com.sg v h to advertise. n 1 C I I i> r .3i rn; u J47 words
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Advertisement55 2006-01-23 29 Ever How many calls are abandoned everyday? How are your agents' 4S5m performances? Are calls being directed to the appropriate handling groups? Can your agents'phone conversations be recorded or JL *0* JjjjL monitored (real-time) without acquiring costly equipments?... mm Please call 6899 1811 to arrange for free demo. For more55 words
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Advertisement128 2006-01-23 29 Rjtaljg* Vz An integrated suite of communication and collaboration NETm-^" > > solutions by 1-Net Compete successfully in today's challenging business conditions. Enable more efficient ways for knowledge workers to communicate and collaborate. Move beyond the capabilities of basic email and enable your people with the power of uninterrupted collaboration128 words
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BizIT
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Article, Illustration759 2006-01-23 29 ROLAND LIM - Its focus is on profitability not revenue growth, says president By ROLAND LIM WHILE the acquisition of the loss-making mobile phone division of Siemens AG is expected to drag it into a full-year loss for 2005, BenQ Corp believes it can beat759 words
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<what's new>
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Article, Illustration85 2006-01-23 29 i SONY Ericsson has unveiled its latest clamshell phone, the Z3ooi. Aimed at the basic phone user, the Z3ooi features a picture phonebook, polyphonic ringtones and up to five hours of talk time. The phone can be customised with the Crystal Decor (a small stick-on85 words
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Article91 2006-01-23 29 FLUKE Networks has introduced its Interpret Air WI AN Survey software, a new laptop-based wireless IAN survey tool that helps network engineers and system integrators plan network deployments, verify actual performance and optimise access point placement. Interpret Air displays visual results rather than listing complicated RF91 words
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93 2006-01-23 29 OPFRA Software, a leader in browser technologies, has released the Opera Mobile 8.5 Web browser for Windows Mobile Pocket PC (PPC). Opera 8.5 beta runs on Windows Mobile 2003 and 5.0, offering Opera's Web surfing experience on the full range of Windows Mobile Pocket93 words
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102 2006-01-23 29 LEE KIM SIANG - Compiled by LEE KIM SIANG SYMANTEC Corp announced last week the delivery of product technology updates to its consumer and enterprise antivirus solutions, providing users with expanded protection against stealth computer threats. These updates are the first incremental technology updates Symantec has brought to its consumer102 words
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Article, Illustration461 2006-01-23 29 LEE KIM SIANG - By LEE KIM SIANG MOBE than 11 million PCs were shipped in Asia-Pacif-ic (excluding Japan) in the fourth quarter of 2005, with Singapore among the countries exceeding expectations, said a preliminary report released by technology research consultancy IDC. Overall, IDC's latest numbersBLOOMBERG - 461 words
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Article, Illustration808 2006-01-23 30 KENNETH JAMES - Regular feedback, focus on three vital industry 'horizontals', will be key to the success of iN2015. KENNETH JAMES reports KENNETH JAMES THE consulting process used in preparing Singapore's next infocomm technology (ICT) masterplan has proven so successful that the Infocomm Development Authority of Singapore808 words
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506 2006-01-23 30 CHAN Yeng Kit. chief executive of the Infocomm Development Authority of Singapore, sees Singaporeans like him and his family reaping substantial benefits from infocomm technology well before the new masterplan, iN2015, runs its course. "When I first joined the civil service, things were moving506 words
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Article, Illustration441 2006-01-23 30 ROLAND LIM - By ROLAND LIM BUOYED by a 15 per cent jump in sales and record revenues of US$l.7 billion last year, Canon Singapore Pte Ltd (CSPL), the regional headquarters of Canon Inc, has set itself a higher target of 25 per cent growth for441 words
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<what's up>
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Article131 2006-01-23 30 THE local electronics industry got a boost last Friday when more than half of the integrated circuit (IC) design and system design companies in Singapore came together to form the Microelectronics IC Design and System Association (MIDAS). Ulf Schneider, vice-president of the development centre at131 words
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Article68 2006-01-23 30 ALCATEL has announced the appointment of Oliver Foo as its managing director in Singapore. He will be responsible for ensuring consistent growth and sustained profitability of the Singapore operations, as well as the ongoing development of relationships with key customers and partners. In addition, Mr68 words
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Article, Illustration62 2006-01-23 30 LEE KIM SIANG - Compiled by LEE KIM SIANG SANJIV Aiyar, formerly a top regional executive with HewlettPackard, has joined Emerio Corp, a Singaporebased IT services and consulting company, as president. He will be directly responsible for business development, marketing and strategic alliances for the fast-growing company, and also share62 words
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939 2006-01-23 30 RAJU CHELLAM - <you say> The industry is seeing a boom due to the rise of e-mail f corporate compliance and archiving By RAJU CHELLAM External factors such as e-mail, corporate compliance, and archiving will result in the next boom in data storage. No wonder Seagate939 words
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Advertisement80 2006-01-23 30 Empowered by Innovation f NEC UNIVERGE NEAX 2000 IPS IP-PABX Flexibility: IP, TDM or Mixed Univerge NEAX ***** PS IP-PABX Investment Protection Full TDM-Telephony Applications HK7II Full IP-Telephony Applications IJmbHI i Reliability: "NEAX" since 1970 Dte rm IP-SoftPhon e Powerful "NEAX" User Features Attractive Promotion Package Phone Call 6348 *****637980 words
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Advertisement10 2006-01-23 30 PC SALES Record growth in Asia-Pacific in 2005: report PG2910 words
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