The Business Times, 26 January 2006

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES SlNGAPOft£gs&ents ijonfme at http://business-times.asia 1 .com.sq MICA (P) 089/03/2005 Thursday. January 26.2006
    15 words
  • 1036 1  -  Industry players say sellers are focusing on fair prices and buyers are looking for fair value By ARTHUR SIM [SINGAPORE] Property players polled by BT believe the market which collapsed 10 years ago is set for a broad-based recovery following recent signs that stability has
    Source: Jones Leng LaSalle Research  -  1,036 words
  • 572 1 By OUR SPECIAL CORRESPONDENT in Bangkok THE Stock Exchange of Thailand (SET) has so far uncovered no evidence of insider trading in the shares of Shin Corp just before a $3 billion purchase by Singapore investment company Temasek Holdings and
    Source: Bloomberg  -  572 words
  • Page 1 Advertisements
    • 9 1 S'PORE ECONOMY 2005 GDP growth revised to 6% PGI4
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    • 59 1 < v A-'-l v IE FORUM S'pore companies giving as good as they get in investments PGI2 TRADE Apec business leaders ready to push free trade PGI4 PROPERTY SLA makes direct sale of Yishun site PG3I BizlT Analysts on key enterprise IT trends PG3O Google's China site to screen search
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    • 78 1 SERVICES eommitnieiitsup PG2 SGX-MAS RESEARCH Fbrmal performance audit needed PG6 fll nT il fin Bttk C' :^g^g if 'i%u. W*W I In conjunction wkh tlio launch of tha JSS liter Compressor Extreme World Chronograph, IN* Exhibition at Cortina Wktch Espaca Miilenia Walk from II *1 ftflßMt* haSS^S CHRONOGRAPH. Rrst automatic
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    • 17 1 OTHER REPORTS Global Crossing, Indosatastudyin contrasts PG4 Eyes turn to third Thai mobile phone operator pg 4
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  • TOP STORIES
    • 646 2  -  Main growth drivers last year included IT and HQ services By NANDE KHIN [SINGAPORE] The Economic Development Board's strategy to diversify the services sector is bearing fruit. Although investments in individual services segments fluctuate from year to year, total business spending (TBS)
      Source: Economic Development Board  -  646 words
    • 726 2 Global Crossing, Indosat a study in contrasts WITH Shin Corp set to be Temasek Holdings' biggest overseas telco acquisition, the performance of two major investments it made earlier in the sector Global Crossing and Indosat have come under the spotlight. And the report card so far is mixed.
      726 words
    • 453 2  -  By LESLIE YEE [SINGAPORE] Unlisted Singapore insurer Asia General Holdings will be up for sale again probably early next month following the botched acquisition by Malaysia's Southern Bank, sources say. They told BT that Asia General's board of directors met a
      453 words
    • 137 2 sn 2,378.64 (+10.32) ST INDEX FUTURES 2,379.00 (+10.00) SIMSO 282.17 (+1.84) SIMSO FUTURES 283.40 (+2.50) MARKETS Wednesday Change KLSECOMP 909.77 *2.79 NIKKEI 225 15,651.00 +2,11 HANG SENG 15.***** -10.18 SET INDEX 762.70 +16.75 JAKARTA COM? U30.12 ♦22.90 MANILA COMP 2,112.49 +9.12 SEOUL COMP 1,342.59 +15.76 SHENZHENS 246.84 +1J2
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    • 792 4  -  TEMASEK'S TELECOM CONNECTIONS One is in the red, but profitable Indon deal faces uncertainty as well By WONG WEI KONG [SINGAPORE] With Shin Corp set to be Temasek Holdings' biggest overseas telco acquisition, the performance of two major investments it made earlier in
      AFP PHOTO  -  792 words
    • 625 4 Analysts expect True to be next foreigners' target Reuters [BANGKOK] The US$l.B7 billion takeover of Thailand's Shin Corp by Singapore's Temasek Holdings is likely to heat up competition in the country's crowded telecoms sector and speed up a long-de-layed liberalisation, analysts said.
      Reuters  -  625 words
    • 424 4 AFP [SINGAPORE] Two leading risk evaluators affirmed their highest rating for Temasek Holdings yesterday after the Singapore investment company's foray into Thailand's telecommunications sector. Moody's Investors Service and Standard and Poor's (S&P) both gave the thumbs-up to the purchase of a 49.6 per cent
      AFP  -  424 words
  • Page 2 Advertisements
    • 325 2 Budget 2006 Date Prime Minister and Minister for Finance Mr Lee Hsien Loong will deliver his Friday, 24 February 2006 Budget Statement to Parliament on 17 February 2006. Will there be a cut in 9.00 am to I.oopm corporate tax rate? Will there be tax rebates for individuals? How will
      325 words
    • 30 2 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http://business-times. asia1.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 103 4 *J.'* lgJanuary to 12 February 2006 Festive* Lunch Daily 12noon- 2.30pm Adult $26.80+++ J Child $JB.Bo*++ Adult i kfst?.Bo+++ HOTIL PHOENIX Weekend 330pm 5.30pm Adult $21.80+++ I Child $15.80+++ ChineseNewYear Fes^£Pt ner Adult $29.80+++ I Child $20.80+++ restive Buffet Mm $22 80+++ 16^80+++ §|ft '29 a 30 Jan 2006; 6.30pm
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  • Page 5 Advertisements
    • 97 5 l ■■I lIjHl I I 111 111 V^^B ifbi f) ji 'intli li H a W iBII ■88 iH 111 *11'lr IB i Wm /4fc a I i Ka b*-^-^4—^*tg£g Bgf" 1 1 'W^TB Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but
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  • COMPANY NEWS
    • 758 6  -  But it says it is not challenging the rationale behind the taxman's move By MICHELLE QUAH ASIA Pacific Breweries (APB) is appealing a recent decision made by the taxman that would cost the brewer millions of dollars in tax credits. The complex issue
      758 words
    • 333 6  -  By R SIVANITHY THE Singapore Exchange (SGX) yesterday announced it is extending its SGX-MAS research incentive scheme for two more years because of strong demand from listed companies and investors. The SGX said the scheme will continue to be subsidised by the $7.5 million SGX-MAS
      333 words
    • 405 6  -  By KALPANA RASHIWALA PROPERTY developer Hoi Hup, part of Straits Construction Group, is understood to have bagged the 877-year leasehold Kim Yam Mansion, off River Valley Road, for about $63 million through a collective sale. The price works out to
      405 words
    • 146 6 THE Singapore Exchange (SGX) and FTSE/Xinhua Index yesterday announced an agreement to list a futures -contract on the FTSE/Xinhua China A5O Index on the SGX by September. In a joint statement, the two parties said the A5O Index is one of the
      146 words
    • 613 6  -  HOCK LOCK SIEW By R SIVANITHY LOOKING at the numbers, the SGX-MAS Research Incentive Scheme appears to be a success. Some 115 firms signed up for coverage when the scheme was launched in September 2003, a figure which has risen to the present 187, while the
      613 words
    • 492 7  -  CORPORATE RESULTS Record 'ang pow' of 32 cents per share, including special dividend, to be paid By RONNIE LIM RECORD oil prices plus strong demand, particularly from China and India, saw Singapore Petroleum Company (SPC) turning in dazzling FY2005 numbers, with its
      492 words
    • 400 7  -  By ARTHUR SIM CAPITACOMMERCIAL Trust (CCT) will be looking to diversify its portfolio following a year in which its net property income was $84.3 million, up 32 per cent from 2004, due mainly to strong demand for prime office space. CCT says
      400 words
    • 287 7  -  By ALEXANDRA HO SUNTEC Real Estate Investment Trust (Suntec Reit), controlled by Hong Kong tycoon Li Ka-shing, is distributing an income of $22.2 million for its first quarter ended Dec 31. This works out to 1.72 cents per unit, 14 per cent higher than
      287 words
    • 521 7  -  By KALPANA RASHIWALA KEPPEL Land, which yesterday posted a 37.6 per cent increase in fourthquarter net earnings to $55.5 million and a 17.4 per cent rise in full-year net profit to $155.7 million, will be releasing the first 200 units at the residential block
      521 words
    • 332 9  -  CORPORATE RESULTS By MATTHEW PHAN HELPED by a doubling in sales the result of stronger demand and contributions from an acquired company in Taiwan United Test and Assembly Center (Utac) posted a fivefold jump in fourth-quarter net profit to a record US$2O.l million.
      332 words
    • 250 9  -  By LESLIE YEE CONTINUING to benefit from the global outsourcing trend, mainboard-listed Amtek Engineering achieved a near five-fold jump in net profit to U555.27 million for its second quarter ended Dec 31, 2005. The Q2 earnings, up from US$l.O7 million In the previous corresponding
      250 words
    • 419 9  -  Mumbai-listed company wants to raise money for its fleet expansion By LESLIE YEE THE Singapore Exchange's (SGX) efforts to woo Indian companies to list here appear to be paying off. Sources said India's fourthlargest shipper of gas and oil, Varun Shipping,
      419 words
    • 423 9  -  By CONRAD RAJ WHILE phone giant Singapore Telecoms mulls over its plans for broadband TV, local entrepreneur Colin Binny has announced plans to launch a 40-channel global broadband TV service in June. The IPTV (Internet Protocol TV) service will be first rolled out to viewers
      FILE PHOTO  -  423 words
  • Page 6 Advertisements
    • 270 6 *jF*% v "i *J*.4r+4 .*-> .7..TT"> HI Amtekffl ■*MB BROAD BASED REVENUE GROWTH ■E»l NET PROFIT UP 54% IN 1H FY2006 '•''-it > MKfl f <P--2Q FY2OQ6 2Q FY2005 Change Turnover USsl47.7m USsl29.6m t 14% I I EBITDA US$ 14.5 m US$ 11.8 m t 23% Net profit US$ 5.3
      270 words
    • 184 6 >AT3 3 NOTICES FORM 69(3) NOTICE OF INTENDED PREFERENTIAL PAYMENT Nam* of Company Contract Design Pt* Ltd (In Liquidation) Co Reg No *****11 UK Address of Registered Office c/o The Liquidator's Office Number of Matter Companies Winding Up No. 184 of 1995 Last day for receiving Proofs 15 February 2006
      184 words

  • Page 7 Advertisements
    • 199 7 More corporate results, Pg 9 More room to socialise ■i'" w 111 ylr' mi jIHk jgg Wnm In more than 40 cities across Asia Pacific and Europe Welcome to Ascott serviced residences, where there's more complete with excellent facilities and services. Choose a luxurious room for you to work, rest
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  • Page 8 Advertisements
    • 2219 8 MJ.I.UlLand Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2005 At the pre-tax level before exceptional items, Group profit of $183.4 million was 31.1% higher than last The Directors of Keppel Land Limited announce the following unaudited
      2,219 words

  • Page 9 Advertisements

  • SINGAPORE MARKETS
    • 525 10  -  STOCKS STI softens by close for a 10-point gain as broker reports help lift Chartered and Utac R SIVANITHY Senior Correspondent THE local market yesterday continued its fixation with China stocks and oil and gas plays, but also managed to extend its interest into
      Source: Bloomberg  -  525 words
    • 119 10 Major Sunray shareholder trims stake from 41 to 31 SUNRAY Holdings, which makes medical equipment for women's healthcare, yesterday said its largest shareholder Lionway Assets Limited reduced its stake from 41.02 per cent to 31.16 per cent through a vendor sale of 30 million shares. The shares were sold at
      119 words
    • 97 10  -  By UMA SHANKARI MOBILEONE Ltd (Ml) said in a filing to SGX yesterday that Telekom Malaysia has increased its deemed stake in the Singapore telco from 24.74 per cent to 25.19 per cent. The change in shareholding came about after Telekom Malaysia's
      97 words
    • 741 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 25 and earlier) Subsantial No of Price SHAREHOLDING Shareholder/ Buy/ Shares Per Before After Stock Trans Date Director SeM '000 ShrS fOM| (100) Vita Hldgs 25-Jan-06 Chong Thim Pheng Buy 206 na ***** 1049 ***** 10.57 MobileOne 24-Jan-06 Telekom M'sia
      741 words
    • Article, Illustration
      937 10  -  Compiled by UMA SHANKARI SMRT Ltd Jan 25 dose: $1.12 OCBC INVESTMENT RESEARCH, Jan 25 SMRT registered 25.8 per cent year-on-year rise in net profit to $30.0 million in 3Q06, which is higher than our projection of $28.1 million. This was mainly due to positive impacts from fare
      Source: Bloomberg  -  937 words
    • 518 10  -  CURRENCIES LARRY WEE Senior Correspondent THE New Zealand dollar enjoyed a fairly decent bounce yesterday after the sharp losses it sustained over the past week, but its US counterpart continued to find gains hard to come by anywhere and especially versus its Asian counterparts.
      Source: Reuters  -  518 words

  • COMPANY NEWS
    • 550 11  -  It plans direct negotiations with Kiani Kertas and its main creditor By SHOEB KAGDA in Jakarta UNITED Fiber Systems (Unifiber), the Singapore listed company that has emerged as the front-run-ner in the battle to acquire Indonesian pulp maker Kiani Kertas, is
      550 words
    • 315 11  -  Changes arise from accounting error at listed HK unit By MICHELLE QUAH SINGAPORE-listed Pacific Century Regional Developments (PCRD) has said that its subsidiary Pacific Century Insurance Holdings (PCIH) has made an inadvertent accounting error causing material mis-state-ments in several of its profit periods last year.
      315 words
    • COMPANY BRIEFS
      • 118 11 KEPPEL Fels Limited, the rig building arm of Keppel Corp, yesterday said it has won a US$l4O million rig order from Sinvest ASA's subsidiary. The rig is scheduled for completion in the first quarter 0f2009. This is KepFels' fifth rig order from Sinvest. Sinvest's first
        118 words
      • 132 11 GUOCOLAND Limited's wholly owned subsidiary, GuocoLand (China) Limited, yesterday entered a conditional agreement to buy a 94.93 per cent stake in Nanjing Ma Hui Property Development Co Ltd from San Bao Group Co Ltd for 322 million yuan (5564.7 million). This will be payable
        132 words
  • Page 11 Advertisements
    • 564 11 SINUS DEPARTMENT YjrssJ -National University <y of Singapore VIM—! Aims and Benefits of the Program 1 This executive master-class on International Real Estate Investment Financing is organized by the Department of I Real Estate (DRE), National University of Singapore, as part of its continuous effort to disseminate knowledge pertaining 1
      564 words
    • 188 11 I jtHE MONETARY AUTHORITY OF SINGAPORE J Tenor Approximately 5 years Total Amount Allotted SGD 2,400,000,000 I iisiifeKAmount Allotted to Non-Competitive Applications SGD 341,201,000 Of which allotted to MAS SGD 200,000,000 Total Amount Applied SGD 4,783,013,000 ji r Coupon Rate 3.125% p.a. Cut-off Yield Price 3.15% p.a. and on Allotment
      188 words

  • IE FORUM 06
    • 509 12  -  Leading overseas M&As are TLCs, but non-TLCs also have their fair share By MATTHEW PHAN SINGAPORE-BASED companies are giving as good as they get the total stock of outward foreign direct investment (FDI) from companies here hit $180 billion in 2005, having increased at
      FILE PHOTO  -  509 words
    • 361 12  -  By MATTHEW PHAN THE privatisation of India's infrastructure gives foreign companies plenty of opportunities, but do not expect smooth sailing there, participants at the IE Forum 2006 were warned yesterday. Companies have spent the last ten years finding out that having a local
      361 words
    • 448 12  -  By OH OOON PING INVESTORS looking to buy into China's state-owned enterprises (SOFs) often face several risks and challenges that emanate from the country's complex legal framework and laws governing foreign investments. These could range from possible restrictions on SOFs' investment activities after
      448 words
    • 385 13  -  2004 FDI surges to US$37.6b, a doubling from 2003's US$18.7b By MATTHEW PHAN FOREIGN companies are increasingly moving into Japan by merger or acquisition, while the growth in foreign direct investment into that country shot up to U5537.6 billion in 2004 from US$lB.7 billion
      385 words
    • 307 13  -  By OH BOON PING COMPANIES do not always need a strong home base before they venture overseas, says Ocean Sky International chief executive Edward Ang. "This depends on your business model which will tell you whether you need a strong home base or not,"
      307 words
    • 319 13  -  By OH BOON PING WITH an Indonesian government that aims to clamp down on corruption, investment opportunities there deserve a second look, said Francis Yeoh, managing director of YTL Corporation yesterday. "The new leadership under Susilo Bambang Yudhoyono is fighting against corruption. And
      BLOOMBERG  -  319 words
    • 6319 13 UNIT TRUSTS FUNDS AMI Amro Asset Mgl (S'porc) Star Europe Eqty! 0.874/ Star Europe Bond 1.213/ Star Europe M 1.156/ Star Asian Tiger Eqty 1.15/ Star Asia Bond 1.307/ Star Asia Balanced 1.072/ Star Global Technology Fund!" 0.208/ MultiStFd-... 1.061/ Star Asia Bond(USO) 0.806/ Gib Multi St USD 1.133/ Asia
      6,319 words
  • Page 12 Advertisements
    • 101 12 Cut through the hassle of venturing overseas. When you're looking for information on what it takes to venture and succeed overseas, you need it in a snap. Not to mention specific to your business and industry. Which is why when you register at ieConnect, that's precisely what you'll receive business
      101 words

  • Page 13 Advertisements
    • 24 13 Allianz Global Investors one of world's top five asset management groups' AlliailZ (fij) with more than US$1.4b trillion' of assets under management. Global investors
      24 words

  • SINGAPORE NEWS
    • 372 14  -  Change from 5.7% is due to DOS's shift of base year to 2000 from 1995 By CHUANG PECK MING SINGAPORE'S economy was growing even faster last year than was previously believed. The figure for economic growth has been revised to 6 per cent from
      372 words
    • 407 14 Bloomberg HONG Kong billionaire Li Kashing will sell his stake in a Singapore downtown convention centre if its venture with Harrah's Entertainment Inc wins a licence to run a casino in the city-state, said Justin Chiu, Mr Li's executive. Suntec Singapore
      Bloomberg  -  407 words
    • 487 14  -  They commission study on feasibility of Apec-wide FTA By CONRAD TAN BUSINESS leaders from the 21 Apec economies have decided to go it alone if April's round of World Trade Organization negotiations stalls. In the clearest signal yet that it
      487 words
    • 445 14  -  By GENEVIEVE CUA YOU may recall Fidelity Investments' lavish advertising campaign last year that splashed its name on buses and train stations. But a quiet spell ensued, leading some observers recently to wonder: Has the fund giant quit the scene? Yesterday, Fidelity
      445 words
    • 168 14  -  By Chen Huifen [ABUDHABI] Global energy needs and water resources were on the agenda when Minister Mentor Lee Kuan Yew met Abu Dhabi Water and Electricity Authority chairman Sheikh Diab bin Zayed yesterday. During their 45-minute talks. Mr Lee also updated Sheikh Diab on the advances Singapore
      DENNIS THONG/ZAOBAO  -  168 words
    • 373 14 8 entrepreneurs to vie for Ernst Young awards EIGHT finalists have been shortlisted from more than 30 nominees for the Ernst Young Entrepreneur of the Year Awards 2005. Now into their fourth year, the awards recognise entrepreneurs in three categories: Emerging Entrepreneur, Business and Industrial, and Lifestyle, Hospitality and Retail.
      373 words
    • 425 14  - $100m the likely cost of the Arts School By CONRAD TAN SINGAPORE'S new dedicated arts school for pre-tertiary students is expected to cost $100 million to develop, a minister said yesterday. The Arts School due to open in January 2008 will boast a range of facilities for dedicated arts education
      425 words

  • ECONOMY WATCH
    • 591 15 DAVOS FILE Economists express concern over US deficits AFP [DAVOS, Switzerland] Deepening concern about US deficits and a possible oil supply shock are weighing on a world economy that will be driven largely by China during 2006, a panel of leading economists predicted
      AFP  -  591 words
    • 299 15 Bloomberg [DAVOS, SWITZERLAND] Morgan Stanley chief economist Stephen Roach has said that US consumer spending is the "weakest link" in the global economy and will fade this year as the housing market slows. "This is the year to watch out
      Bloomberg; AFP  -  299 words
    • 540 15 Energy supplies, US economy likely to be key topics AFP [DAVOS, Switzerland] Heavyweights from the overlapping worlds of business and politics gathered yesterday in the Swiss Alpine resort of Davos amid concerns over energy supplies and the United States economy and a scramble
      AFP  -  540 words
    • 428 15 Focus is on winning market access, not cost savings Bloomberg [BERLIN] A majority of chief executive officers plans to invest in China over the next three years to win customers in the world's fastest-growing major economy, a survey by PricewaterhouseCoopers
      Bloomberg  -  428 words
    • 140 15 Xinhua [BEIJING] China posted a trade surplus of US$lOl.9 billion in 2005, an increase of U5569.9 billion from 2004, director of National Bureau of Statistics Li Deshui said here yesterday. Mr Li made the announcement at a press conference held by the State Council Information
      Xinhua  -  140 words
  • Page 15 Advertisements
    • 1240 15 NOTICES 6U y IT- SELL r vf IND 'T m AURIC PACIFIC GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****2981 D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Auric Pacific Group Limited (the "Company") will be held at
      1,240 words

  • MALAYSIA/INDONESIA
    • 390 16 Pact with UK group will help Malaysian operator establish itself overseas more quickly Reuters [KUALA LUMPUR] Vodafone Group pic and Telekom Malaysia Berhad have agreed on a tie-up which aims to boost access to each others' networks for customers travelling abroad as well as
      Reuters  -  390 words
    • 366 16 [KUALA LUMPUR] Standard Chartered Bank Malaysia Bhd (Stanchart) will apply for Bank Negara Malaysia's permission in the next two weeks to open four new branches, Malaysia's Business Times yesterday quoted its chief executive Shayne Nelson as saying. The new branches will
      366 words
    • 292 16 [JAKARTA] Japan's ener-gy-hungry manufacturers are still awaiting a commitment from Indonesia on the future supply of liquefied natural gas (LNG) when their contracts expire in 2010, the Jakarta Post reports. Several Japanese businessmen from the influential Nippon Keidanren (Japanese Chamber of Commerce and Industry) raised the
      292 words
    • 461 16  -  By PAULINE NG in Kuaia Lumpur TENAGA Nasional has posted a profit of RM595.6 million for its first fiscal quarter ended Nov 30, 2005 mainly as a result of translation gains of RM362.5 million. Although operating expenses increased by 12.2 per cent to RM4.09 billion,
      461 words
    • 458 16  -  By S JAYASANKARAN in Kuala Lumpur THE controversy over the takeover of Malaysian toll road operator Metramac took another twist yesterday with Muhamad Fawzi Karim, the brother of the plaintiff in the original case, entering the fray to refute statements by tycoon Halim Saad over
      458 words
    • 2427 16 VOl j—g mi rtm ASM Realty 141 unch 0 Abric *31 unch 0 ACP Industries 0 66 unch 18 Advance Synergy 022 unch 87 Adventa 027 unch 0 AE Mutti 0-25 -0*1 47 Affin Hldgs 1*1 0.01 1346 Ahmad Zaki Res 1.21 0.01 9 AlCCorp 1.15 unch 7
      2,427 words
  • Page 16 Advertisements
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      194 words
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      132 words

  • GREATER CHINA
    • 536 17  -  Global financial imbalances due to new international division of labour By ANTHONY ROWLEY in Tokyo FURTHER revaluation of the yuan will not solve the problem of global financial imbalances, which are a product of the "new international division of labour", Bank of China assistant
      REUTERS  -  536 words
    • 274 17 [HONG KONG] Standard Poor's is changing its view of China's banking sector, the South China Morning Post reported. The credit rating agency's overall outlook is "positive", while it has altered its assessment of the economic risks from "high" to "moderately high" and of the
      274 words
    • 400 17 Reuters [SHANGHAI] Lenovo Group Ltd, the world's third-larg-est computer maker, is likely to post a 40 per cent jump in quarterly profits, fuelled by its US$l.25 billion IBM purchase. Investors hope the firm virtually unknown outside China can transform itself into a
      Reuters  -  400 words
    • 465 17 Debate over listing local-currency A shares on Shanghai bourse Reuters [HONG KONG] Bank of China's (BOC) US$B billion Hong Kong IPO may be delayed possibly to the second half of 2006 while regulators debate a possible dual listing
      Reuters  -  465 words
    • 444 17 High asking price discouraged local banks, say sources [HONG KONG] Asia Financial Holdings, which is seeking to sell its wholly owned Asia Commercial Bank for more than HK$3.6 billion (Ss7sl million), picked Taiwan-based Fubon Financial Holding and Malaysian tycoon Quek Leng Chan's
      444 words
    • BRIERY ASIA
      • 91 17 Bernama [KUAIJV LUMPURJ Proton continues to dominate the passenger car market, taking 41 percent share of the total sales 0f400,835 units last year while Toyota topped the non-national car category. Malaysian Automotive Association (MAA) President Aishah Ahmad said Proton's sales, however, suffered a slight
        Bernama  -  91 words
      • 86 17 Bloomberg [HONG KONG] Pacific Century Premium Developments Ltd, the real estate unit of Hong Kong's PCCW Ltd, plans to build a one billion yuan (Ss2ol million) luxury residential development on land it purchased this week in Beijing. Pacific Century, controlled by businessman Richard Li, paid
        Bloomberg  -  86 words
      • 93 17 AFP [JAKARTA] The Indonesian government aims to send a million workers abroad annually and wants to double the number of their destination countries, a manpower ministry official said yesterday. Indonesia has long encouraged the sending of semi-skilled and skilled manual workers abroad in a
        AFP  -  93 words
      • 77 17 Bloomberg [NEW DELHI] India, Asirf s fourth-largest economy, needs investments of as much as US$l55 billion in power, ports and telecommunications in the next 10 years to boost economic growth, Prirpe Minister Manmohan Singh said. India will need about US$lOO billion investment in power and
        Bloomberg  -  77 words
  • Page 17 Advertisements
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  • INDIA
    • 658 18 Single brand companies, like Reebok, allowed to invest up to 51% Reuters. AP [NEW DHLHI] India has further liberalised foreign direct investment (FDI) limits in sectors such as retailing, airports and mining in a bid to attract more longer-term funds into the
      Reuters.; AP; AFP  -  658 words
    • 358 18 Bloomberg [NEW DELHI] India Finance Minister P Chidambaram described the central bank's decision to increase some key interest rates as a "pre-emptive action" and that the move may be reversed if conditions change. India is watching for action, that the US Federal Reserve will take on
      Bloomberg  -  358 words
    • 437 18 AP [NEW DELHI] India is looking to this week's visit by Saudi Arabia's king as a chance to lobby for lower prices on the oil it desperately needs to keep fuelling its growth as an economic and military power. For Saudi
      AP; REUTERS  -  437 words
  • Page 18 Advertisements
    • 1305 18 J0F k :»ATci moticfs 1 V1 L< Toll free: 1800-289-8822 Fmail: notices^sph.com sg SUNTEC Real Estate Investment Trust NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Suntec Real Estate Investment Trust ("Suntec REIT") will be closed at 5.00
      1,305 words

  • ASIA-PACIFIC/WORLD
    • 846 19  -  ASIA INSIGHT Some people believe there's a 'vague abstract national will' at work determined to foil the vision of the 'Koizumi Dynasty' for the future ANTHONY ROWLEY Tokyo Correspondent WHAT do Japan's Livedoor scandal, the arrest of an architect and corporate executives in connection
      846 words
    • 490 19 Reuters, NYT [SAN FRANCISCO] Steve Jobs could be the 21st century Walt Disney, helping the media giant Mr Disney founded to regain its lost lead in animated films. Walt Disney Co announced on Tuesday it would buy Pixar Animation Studios for US$7.4
      Reuters,; NYT; AP  -  490 words
    • 614 19  -  ADB,ADM Capital launch US$338m fund that will help companies, banks B y ANTHONY ROWLEY in ioKyo THE Asian Development Bank has joined Hong Kong-based investment firm ADM Capital in launching a US$33B million fund aimed at removing part of the huge legacy of
      614 words
    • 282 19 AP AFP [TOKYO] The Walkman whose original model was once Sony's signature product will no longer be made in Japan. Sony Corp said yesterday that by the end of March it will close a factory that began producing the Walkman music players in
      AP; AFP  -  282 words
    • 234 19 AP [INDIANAPOLIS] Guidant Corp agreed yesterday to be acquired by Boston Scientific Corp for about U5527.2 billion in cash and stock, ending a nearly two-month bidding war against Johnson Johnson for the heart device maker. Natick, Massachusettsbased Boston Scientific and J&J have been competing
      AP  -  234 words
  • Page 19 Advertisements
    • 765 19 £0 NOTICES BUY IT SELL IT PlND >T ®o LQ WAH SHING INTERNATIONAL HOLDINGS LIMITED .a*** (Incorporated in Bermuda with limited liability) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Wah Shing International Holdings Limited (the "Company") will be held at The Executives'
      765 words

  • AVIATION
    • 590 20  -  Change in organiser in 2008 unlikely to affect brand built up over 25 years By VEN SREENIVASAN [SINGAPORE] Singapore will remain the home of the world's third biggest airshow despite a change in organisers in 2008. This is the message conveyed
      LIANHE ZAOBAO  -  590 words
    • 367 20 Bloomberg [KUALA LUMPUR] MASKargo, which carries Malaysian Airline System Bhd's (MAS) freight, will impose a fuel surcharge on domestic cargo for the first time from Feb 15 to help cover higher oil costs. MASKargo will introduce a levy of 30 sen (13
      Bloomberg  -  367 words
    • 266 20 Bloomberg [DALLAS] American Airlines' three largest unions filed grievances against the unprofitable carrier over a plan to pay more than US$76 million to about 1,000 managers. The payments would violate terms of 2003 agreements reached between American, the world's largest airline, and the
      Bloomberg  -  266 words
    • 406 20 Its Danish pilots are protesting against job cuts and working conditions AFP [STOCKHOLM] Scandinavian Airlines said it was suing pilot unions in Denmark, Norway and Sweden in the Swedish Labour Court over a wildcat strike by Danish pilots that went into its third
      AFP  -  406 words
    • 149 20 AFP [SINGAPORE] Airbus will display the world's largest commercial aircraft, the A3BO, in Singapore Airlines (SIA) colours at the Asian Aerospace show here next month, the carrier said yesterday. SIA will be the first airline in the world to operate the European-made
      AFP  -  149 words
    • 948 20 ott man n« mar «r» AbaBWi BY5616 (SIS Haas 1 ***** 20M ASSESS jlffl V1 Ofct A***** 1846 A&78& >045 Cairo SQ493 0715 N£43|4 Cape Town 5Q481 0525 ir« Chengdu CA403 0040 CA404 0740 fKrm M55 5 536 &&W r~: <J fc IPI C»>«rtl|l» SK973 1940
      948 words
  • Page 20 Miscellaneous
    • 246 20 CRYPTIC CROSSWORD Entrance for carriage (9) Employed some edu- ——HHHTarsenic 24 Bail seen posted at the back of I 26 Weapon found regularly in Financial record of money reDOWN 1 Cost of a pair of diamonds (5) (4) YESTERDAY'S SOLUTION 2 Half relent and half retire un- 15 Trifle with
      246 words

  • SHIPPING
    • 814 21  -  Global LNG fleet expected to more than double to 400 vessels in 3 years By DONALD URQUHART [SINGAPORE] With the global fleet of liquefied natural gas (LNG) carriers set to more than double to nearly 400 vessels within three years, Singaporebased Thome
      ARTHUR LEE  -  814 words
    • 408 21 Reuters [SYDNEY] Toll Holdings Ltd, Australia's biggest land transport firm, will challenge the legality of a decision by the antitrust watchdog to block its US$3 billion bid for the country's top ports operator, Patrick Corp Ltd. "We will vigorously defend our
      Reuters; BLOOMBERG  -  408 words
    • 348 21 AP [SYDNEY] Emergency crews rushed to clean up 10,000 litres of fuel oil that fouled mangroves near Australia's Great Barrier Reef after two vessels collided, officials said yesterday. The oil spilled off Gladstone- city in the eastern state of Queensland
      AP  -  348 words
    • 301 21 SGX '000 Jan 25 SI ♦<- Vol CH Offshore 0.38 0.01 621 ChuanHup 0.39 unch 962 Cosco Corporation 1.13 -0.02 6277 CWT Distribution .0.83 unch 31 Ezra Hldgs 1.79 0.01 1404 freight Links 0.06 unch 812 Grand Banks Yacht 0.91 unch 0 Java Holdings 1.25 0.01 1233 K1
      301 words
    • 876 21 It could help Japan ship uncover vital scientific secrets AP [YOKOHAMA, Japan] The Chikyu is studded with superlatives. Completed last year, the ship houses the world's biggest deep-sea drill, sports a high-tech floating laboratory and boasts a hefty 57.3 billion yen (SsBoB.l million)
      AP  -  876 words

  • EDITORIAL & OPINION
    • 521 22 EDITORIAL IT HAS been evident for the past few months that the economic reconstruction of Iraq has been lagging and that the pipeline of international and US money is gradually drying up. Now to compound matters, the Bush Administration seems to have gone back on
      521 words
    • 733 22  -  THE BOTTOM LINE DAVID SANDISON IT IS interesting, and perhaps revealing, to look back at wish lists compiled by us and others in the run-up to prior-year Budgets and tick off those items that have been fulfilled only to find the lists
      733 words
    • 1351 22  -  MNCs prefer Beijing's ability to attract investment and provide necessary infrastructure By DAN BILEFSKY, ANAND GIRIDHARADAS International Herald Tribune THE beer giant SABMiller made big investments in China and India in the *****, hoping to conquer markets that together have more than
      International Herald Tribune; AP  -  1,351 words
    • 1226 23  -  Successful companies are using innovation and technology to spur growth CHUE YUIN CHEONG Many businesses take a traditional approach to business strategy development. This might include generating volumes of data to analyse customer segments, relative market share and competitive threats. At the same time,
      FILE PHOTO  -  1,226 words
    • 820 23  -  ROBERT SAMUELSON The Washington Post Writers Group ALMOST everyone here agrees that Americans ought to "fix the health care system" a completely meaningless phrase despite its popularity with politicians, pundits and "experts". Indeed, it is popular precisely because
      The Washington Post Writers Group  -  820 words
    • 485 23 NYT WITH its bonds downgraded to junk and its market share on the ropes, Detroit's auto industry almost looks to be in a free fall. Ford Motor Co's announcement on Monday that after three straight quarters of North American losses, it
      NYT  -  485 words


  • 10884 24 SGX MAINBOARP 52-Wk Td Last Vol Day Last Quote GrOw Mv GrYW Net MCap High low Cod* Company Sate *b COOP) Htgh low Buyer Cvr Hi tmj 7 2 5716 1st Software 5c 3 +0 5 1 3 3 2.5 3 12.1 20 6 3148 BTelecom U52c 7
    10,884 words
  • Page 24 Advertisements
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      44 words

  • 6190 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in local an in it US* dy y» S dy S yr dy Nf Jsn IA indr* Oanfl« Omut Quay Chang* Chanf Oi«ng« WwldindetPrelmtfi*, 9775 03 147 03 95 02 103 IEAFE Piefimmaiy 97Q4 0J 256 02 I3J 01 IU Fwiope Pn»ltm»nafy I8M
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  • Page 26 Advertisements
    • 1026 26 NYK GROUP SOUTH ASIA PTE LTD ir_- vrvv vc te*****0123 jm MMLmjMK C&g=7 M 9 XI LINE Fax: 6292 2856 (RegionaJsales)/6239 7109 (OPS)/6299 5785 (Documentation) 11 NIPPON YUSEN KAISHA MsJSP*' TOKYO SENPAKU KASHA. UO. (C/R NO" *****830OOOE) UK CONTINENT SERVICE U.S.A. SERVICE Destination Destination C BRAVE ATW/RTM/BMN/TLB/NAN ELEOUSSA CAM/NFK/SAV/TPC HANJIN
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    • 719 26 IMTKASIA ROftO SMVK! vßsayvor mmwo) hbghtw to km u» i sw i jkt STunsvßmiKa2/06 15 3.2 23/01 26/01 31/01 03/02 05/02 STOUTS VEHTORE 03/04 15 3.2 07/02 10/02 STOUTS EXIKESSTM 30 4.1 M/ 02 VBSa/VOT I RAMfQtI) I HBGHT(W)| IP SIN IMB STP MB APE FK JT I ill 113
      719 words

  • Page 27 Advertisements
    • 1626 27 WAN HAIMVBINAIIONAL PTE LID ano iwshoooo/R V "l TEL*****5M (14UNES) FAX:*****143 VANNWAM HAI I INF\ «Swito/lwlihpDHctUn-(1M0)*****200 111 "Mil I lft I LlllLJ WffL M 3MMUIFAX:IO3) *****218 MIR: (04) *****00 NUt V JOHTH: (07)*****23 FAX: (07)251(121 SUR IB: (031) *****75 FAX: 031) *****14/*****85 www wnnlifli ram ta *T 1021)*****10 FAX: 021)******
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    • 1222 27 VESSa VOY SIR JKT HK6 KHH IMC KTH fUS VESSEL VOY AN JKT SUI HKG USH MS HY VLADIVOSTOK 171S i/1 VI 1/j 11/? IV? 15/2 15/2 KMT( SINGAPORE 6QIS 29/1 1/2 7/7 7/2 11/2 12/2 HYHO6KSS IMS V? 11/2 14/? 11/2 20/2 22/2 22/2 KMTC JAKAKTA tO2S 5/2 1/2
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    • 893 27 w WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VfSSU VOY SIN PJUAHGI COLOMBO N. SHIVA COLOMBO IWDIIU GAWDHI 01 DOW 25 JAM OMIT 30 JAN 0? FEE OSFB ujiv gawdhi iIMKL WIAH 31 JAh ttliU Oi ftl 8F» I tnii PfrtiU YHM3I 06 FEB
      893 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7246 28 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 02/02 07/03 China Shpg NEW DYNAMIC 105A *****898 04/02 07/03 China Shpg CMA CGM KALAMATA SX209W *****898 06/02 05/03 Delmas DELMAS TOURVILLE 611W *****344 16/02
      7,246 words
  • Page 28 Advertisements
    • 421 28 VISStI VOY SIN PCU VKSB. VOT SW JKT PAC BAXDA ]651N 24/01 24/01 PACRtMTAM 9314 21/01 24/01 PAC BANDA 1652N 2s/01 26/01 J 4202 23/0 IgMZZ CSF 2301 0230P 26/01 27/01 PACHWAM 9335 21/01 04/02 PACBANDA 1653N 2ZZOI 27/01 ZgMZI IgMZI PAC BANDA 0654N 28/0] 28/91 If™" olfla W/0 «F2301
      421 words
    • 511 28 I VESSEL VOY I PKL I SIN I KARACHI DXB BAB NHS PMM BIK KHOR KAN SHAHRYAR PCL tilt 29/01 36/01 07/03 10/03 11/03 17/03 30/03 33/03 IRAN BAABACI PCI 8119 05/03 06/03 15/03 18/03 19/03 35/03 36/03 03/03 IRAN KORPfSTAN PCL >130 13/03 14/03 33/03 1 36/031 37/03 03/03
      511 words
    • 338 28 BSA iA o MYANMA ■H FIVE STAR UNE (Myanmar National Lilt) Loading for Yangon VESSEL VOY SIN PKI PEN PGU CHIN SHYW HAW KM SID PAGAN 349W SU) IN MAUTSIA: lOUSTIAD SHIPPING AGENCIES KUL/PKL: 03-300St3U PEN: 04-*****1S ACCEPTING CONVENTIONAL CBO VESSa VOY HUG SIN PKL KOI IN ITU SM TWU
      338 words


  • BizIT
    • 598 30  -  Increased use of business intelligence software also among trends this year, reports ROLAND LIM ROLAND LIM up somewhat different visions for this year, some common trends have emerged. One such trend is the adoption of IP (Internet Protocol) telephony by the corporate
      598 words
    • 498 30 Bloomberg [SAN FRANCISCO] Google Inc will this week release a version of its Internet search engine in China that excludes information censored by the Chinese government. The site, Google.cn, won't allow users to submit their own content, such as e-mails and Web log
      Bloomberg  -  498 words
    • 374 30  -  It is developing devices that will help save labour, improve efficiency By LEE KIM SIANG THE Agency for S<jience, Technology and Research (A*Star) is currently'developing two radio frequency identification (RFID) technologies that make possible a whole new range of applications of this fast-growing area. Boon
      374 words
    • <whafs up>
      • 67 30 PHILIPS has unveiled the Philips 960 mobile phone featuring a two-megapixel camera, MP3 player and high-quality video recording capability at 30 frames per second. In addition, it also comes with Bluetooth, infrared and USB connectivity options. An SD/MMC card slot offers increased storage capacity. The Philips
        67 words
      • 68 30 LINKSYS has announced IP-based telephony offerings such as a PBX (private branch exchange) and phones for residential and small business phone systems. The new Linksys products enable service providers to offer residential'and small businesses a voice service with many of the features found in large business
        68 words
      • 82 30 SOPHOS has published its latest report on the top 12 spam relaying countries over the last quarter of2005. Although the United States still heads the chart, it has made significant reductions, and for the first time accounts for less than a quarter of all spam relayed.
        82 words
      • 71 30 PALM Inc is delivering a software update for its award-winningTreo 650 smartphones. The update features performance and reliability enhancements, as well as new functionality for the Treo 650. The Treo 650 Updater 1.20 is available now, and includes numerous enhancements to device performance, voice
        71 words
      • 78 30 SAMSUNG Electronics has unveiled its latest hybrid product, the YP-D1 flash multimedia player featuring an integrated two-megapixel camera. It features up to 20 hours of continuous music playback, a built-in FM radio, built-in speaker, and a 1.8-inch colour TFT screen capable of displaying 260,000 colours. The
        78 words
      • 89 30  -  Compiled by LEE KIM SIANG BENQ has launched a 19-inch FP93V LCD monitor equipped with an ultra-fast 8 ms response time and a 550:1 contrast ratio. The BenQ FP93V also features a unique base stand which offers a place to store external drives, media players, or
        89 words
    • 295 30 AFP (SAN FRANCISCO] San Francisco has the most wireless Internet "hot spots" in the United States while Seoul topped the list worldwide, an Internet directory, showed on Tuesday. There are 801 "wi-fi" or wireless fidelity points in San Francisco where people with laptop
      AFP  -  295 words
    • 489 30  -  By ROLAND LIM SINGAPORE'S first commercial wireless broadband access (WBA) service is likely to come from a homegrown start-up partly bankrolled by Creative Technology. QMax Communications, a joint venture between telecom operator Qala Singapore and Creative, said this week that it
      489 words

  • PROPERTY
    • 589 31  -  Centrepoint said to have paid $55m, plans to use site to extend Northpoint By KALPANA RASHIWALA THE Singapore Land Authority (SLA) has sold a site next to Yishun's Northpoint Shopping Centre to the mall's owner, Centrepoint Properties. Centrepoint, which bought the plot direct
      FILE PHOTO  -  589 words
    • 243 31 Reuters THE 2005 listing boom in Japanese real estate investment trusts (J-Reits) increased competition in the sector, pressuring financing capabilities and creating ripe conditions for credit quality divergence, Standard Poor's (S&P) Ratings Services said in a report published yesterday. In 2005, 13 J-Reits went public,
      Reuters  -  243 words
    • 1619 31 PROJECT NAME/ PROP CONTRACT TENURE BIHU-WAAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (S$'000) (S$) Districts NON-LANDED City Sq Residences Apt 05/12/2005 FH 1216 832 684 City Sq Residences Apt 29TI1/2005 FH 1216 843 693 Citylights Apt 09/12/2005 99 872
      1,619 words
  • Page 31 Advertisements
    • 161 31 I I I Llmtinf Company Meeting IN Challeaies •f SelllHf/ Leaslig Properties jfl 1 single agent cannot match the orchestrated efforts of 4 Agents More Resources Wider Reach JKm* •lISTMFECY p 4 agents market each property m 4 weekly advertisements committed in writing LOUIS TB3D 2 months in advance (17
      161 words

  • Page 32 Advertisements
    • 196 32 i3i3ByLre Be part of a new riverside retail experience at O Qnf KO I Clemenceau Ave jflHß| k wvl I U dl Riverside Point With a population of up to 10,000 working and living right above your outlet, Central Sw,ss6tel Merchant court Fort c.nnin9P»k offers unique round-the-clock retail possibilities. Add
      196 words