The Business Times, 6 February 2006

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Total Pages: 30
1 30 The Business Times
  • 21 1 THE BUSINESS TIMES Monday, February 6,2006 SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg wm wmmmmmmmm mmmmmmmmmmmmmmmmmmmmmmm MICA (P) 089/03/2005 ■NBr~
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  • 728 1  -  Trend causes concern smaller firms may not detect poor governance in companies By MICHELLE QUAH [SINGAPORE] Top-tier accounting firms in Singapore have become more stringent in taking on audit clients amid a growing incidence of corporate fraud here, sources said. But many
    BLOOMBERG  -  728 words
  • 139 1 MARKETS Wnk Chge STI J431.72 ......+19.64 KLSE COMP 927.85 +13.84 NIKKEI 225 *****.64 ....+198.96 HANG SENG *****.73 -323.41 SET INDEX 747.09 -14.18 JAKARTA COMP ...1244.13 +14.42 MANILA COMP ....2138.71 +16.82 TAIPEI TAIEX 6594.60 +62.42 SEOUL COMP 1333.50 -51.06 SHENZHEN B dosed AUSTALLORD 4832.10 -35.20 DOW JONES *****.62 -113.59
    139 words
  • 542 1  -  Sentiment is that Dubai is playing to win at any cost By DONALD URQUHART [SINGAPORE] With exactly one week remaining before P&O shareholders convene to vote on a mega takeover offer for the British ports and shipping group, Singapore terminal operator PSA International
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  • Page 1 Advertisements
    • 48 1 DCITC KclTb S'poresettobe regional Reit hub PG2 BizlT EDS announces partners for S1.5b govt tender PG 28 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http:// business-times.asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
      48 words
    • 95 1 MITTAL STEEL French elite raises spectre of Indian threat PGIS DINING OUT Tasteful in aU senses 1? V --•>-vt~ %&5v% 1 .'v j&NfeW > :>V-i -l.^i\^ VIEWS FROM THE TOP CEOs on what can be done to help workers who are near or past the mandatory retirement age of 62
      95 words
    • 11 1 BizlT You may have to pay for A-elass e-mail PG 28
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  • TOP STORIES
    • 104 2 [SINGAPORE]NearIy 4,ooograssroots leaders and their spouses celebrated yesterday on the Istana Lawn as guests of Prime Minister Lee Hsien Loong and his Cabinet at the annual Chinese New Year garden party. The event is held each year to show appreciation to grassroots leaders for their
      DESMOND WEE/ST  -  104 words
    • 382 2  -  By MATTHEW PHAN [SINGAPORE] Shook Lin Bok is the top local law firm for Chinese companies listing in Singapore, according to a report by Zero2lPO Venture Capital Research Centre, a Chinese investment advisory firm. The report also noted that the number of Chinese companies listing
      382 words
    • 781 2  -  NEWS ANALYSIS Market players believe HK is shaping up as key challenger to Singapore's position By LESLIE YEE [SINGAPORE] In July 2002, Capita Mall Trust became the first real estate investment trust (Reit) to successfully list in Singapore. The Hong Kong
      781 words
    • 647 2 Reits market: HKsetto challenge S'pore lead HONG Kong is quickly shaping up as a key challenger to Singapore's position as the Asian market leader in Reits, ex-Japan. But opinion is divided as to whether the development of Hong Kong's Reit market will help or hurt Singapore in the
      647 words
    • 850 4  -  Its lead likely to drive more S'pore firms to look abroad in 2006 By MICHELLE QUAH [SINGAPORE] Temasek Holdings has topped the charts for merger and acquisition activity here, securing the two largest cross-border deals for Singapore last year, according to a
      850 words
    • 602 4  -  COMMENTARY MICHELLE QUAH Senior Correspondent RECENT talk about the growing complexity of audit work and the resulting rise in audit fees has thrown the spotlight on a profession that few outside the industry understand. This unfamiliarity, while lending an edge of mystique
      602 words
  • Page 2 Advertisements
    • 337 2 Foreign Exchange Work! Spot and forward currency instruments Dates This is a savvy guide on how spot and forward exchange rate as well as FX 2-3 March 2006 swap contracts are used in trading, hedging and arbitrage activities. This 9.00 am to 5.00pm highly interactive workshop also provides an invaluable
      337 words

  • Page 3 Advertisements
    • 320 3 V'/.' 1* x"%--r -»T v f ,/i '.i»_ #>, s* TWO REASONS WHY THE COMPETITION IS w t SEEING GREEN: fe v -.ifrrrr-tt »U» >> {">*<?' ti :f k. X'!" i 'J. ••b V. >•"*• ,Y' >-■• .1 v -J, > *r i I JHT.VV'- *A%V ,Wi. IV v: •>'.*"
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  • Page 4 Advertisements
    • 161 4 Sfc JSISL 1 1Bti8R&tef£8ll&?^»• -r»£ ;^^v j. > &s£||gpW J® v\ ~v.' •I i 1 1 I I THEBUSMESStimes I I -^X2^E' 1 BREAKUP mews I II v SLm I 1/ 6 X, 1 1 Jr <&&±^:. ■.^.mm^-^v-._ v'' J*Bk I Mm i vhk&vV ,*#*Sig|;t^iH- w« —i«. •M£ ff M
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  • COMPANY NEWS
    • 651 5  -  HOCK LOCK SIEW By R SIVANITHY COME Feb 24, traders at the Chicago Board Options Exchange (CBOE) will be able to try their luck at making money from shifts in fear, greed and depending on your point of view complacency. How? Through a new type
      651 words
    • 506 5  -  Yoma will inject assets, get 86.7% of listed firm's enlarged capital By ALEXANDRA HO SEA View Hotel, having cast around for a new core business for more than two years to avoid being delisted from the Singapore Exchange (SGX), has signed a conditional
      506 words
    • COMPANY BRIEFS
      • 91 5 BIOSENSORS International Group Ltd (BIGL), which makes stents for arteries, has announced an agreement to acquire the remaining 1.3 per cent in Biosensors International Pte Ltd (BIPL), making the latter a wholly-owned subsidiary of BIGL. This comprises 15,000 ordinary shares of Ssl.oo each for
        91 words
      • 53 5 OVERSEA-Chinese Banking Corporation has ceased to be a substantial shareholder of LKN-Primefield. According to a disclosure, OCBC has seen its interest in LKN-Primefield fall to 2.72 per cent from 5.03 per cent previously following the sale of 15.2 million LKN-Primefield shares at 0.5 cent each to
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    • 1345 7  -  INSIDE MARKETS The most significant trade last week, according to ROBERT HALILI, was in MMI Holdings. Oniontech Ltd also saw bullish sentiment ROBERT HALILI, FUND managers were very active in the local market last week, particularly on the buying side as there was accumulation in
      1,345 words
  • Page 5 Advertisements
    • 184 5 alnanclal PR is an investor relations specialist, vith clientele from diverse industries and ountries that are about to be listed or already sted on the Singapore Exchange. Backed by i-depth knowledge of investing and extensive ontacts in the media and investment ommunity, Financial PR has built a reputation or helping
      184 words

  • SINGAPORE MARKETS
    • 680 6  -  STOCKS R SIVANITHY Senior Correspondent A FORTNIGHT ago, this column asked how much longer the market could keep pushing China and oil/gas stocks. The conclusion reached then was that between the two, China probably had more legs to run as a theme because oil/gas
      680 words
    • 482 6 CURRENCIES AFP [HONG KONG] Asian currencies were mixed against the dollar over last week, with the US Federal Reserve's decision to hike interest rates boosting the US unit against the yen while failing to outweigh regional factors in trade against other currencies. Japanese
      AFP  -  482 words
    • 577 6 Payment El Books Pay Payment Ex Books Pay lets) <«i dose data Ififtl data dote date APBBreweries EE 2 00 01-Feb 06-Feb 15-F«b MFSTedllOc X 1.50 (H-Hb 07-M) 23-f«b WHrwutu F UN 01-feb Ofrfeb 15Jeb Midas «c j 035 23-Jan 26-Jan 15-ftb AacendatREIT it 2J9 23-lw 26-Jan 24-ftb
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    • 471 6 COMMODITIES AFP [LONDON] World oil prices plunged last week on easing supply concerns, while metals posted fresh historic and multi-year high points, including cop-per-which struck US$5,OOO per tonne for the first time. Among soft commodities, rubber stretched to a 20year high
      AFP  -  471 words
    • 1672 6 Consensus No.of Forecast Mean Fii's recommendation esti- EPS PE target price Company name This wfc last mth mates (cents) (ratio) price Allgreen Properties 2.13 2.22 8 5.36 24.62 1.43 1.31 Ascendas REIT 2.23 2.29 13 11.41 19.20 2.32 2.15 Beyonics Technology 1.50 1.50 2 5.80 7.24 0.48 0.43
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  • Page 7 Advertisements
    • 658 7 „.J L.„ R A FFL E S WINE. FOOD ARTS <sjyiertesux> The 11 Michelin Star Experience RAFFLES HOTEL IS PLEASED TO INVITE YOU TO A WEEK OF WINE, FOOD AND ART THIS FEBRUARY. IN ATTENDANCE WILL BE A TRULY STELLAR CAST OF CHEFS AND VINTNERS. IT IS A DISTINGUISHED LINE-UP
      658 words

  • SINGAPORE NEWS
    • 780 8  -  Some feel eligibility criteria for some schemes ought to be relaxed By OH BOON PING SMALL and medium-sized enterprises (SMEs) have welcomed the now many schemes to help them grow their business operations but some of them feel the schemes have to be finetuned
      780 words
    • 439 8  -  By VINCENT WEE THE contrast could not have been more stark on Saturday night. We went from going all out at over 10 knots of boat speed in nearly 30 knots of wind under reduced mainsail to going on a slow cruise.
      FILE PHOTO  -  439 words
    • 157 8 DATE/ TIME EVENT VENUE 6 Feb IDSS Public Talk -The IDSS Seminar Room, 3.00pm Challenge of Terrorist Blk S4, Level B4, Recruits From The West Nanyang Technological University 6-7 Feb DW Associates The Power River View Hotel 9.30am Has Shifted From Supplier to Consumerl 8 Feb ISEAS Seminar
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  • Page 8 Advertisements
    • 1699 8 ;»at^ NJOTICFS 1 VJL J. JL Toll free: 1800-289-8822 Email: notices@sph.com:sg Deutsche Bank IZI DEUTSCHE BANK AG, ACTING THROUGH ITS LONDON BRANCH (Incorporated under the laws of the Federal Republic of Germany) NOTICE TO WARRANTHOLDERS To all holders of: (I) 50,000,000 European Style Caah Settled Put Warrants expiring on 27
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    • 907 8 IN THE MATTER OF ALIPH HOLDINGS (1M0) PTE LTD (In Creditors' Voluntary Liquidation) Company Registration No. *****1612 C NOTICE OF RESOLUTIONS FOR CREDITORS' VOLUNTARY WINDING UP At meetings of members and creditors of AJiph Holdings (1990) Pte Ltd duly convened and held at 27 Cantonment Road Singapore *****5 on 27
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  • DINING OUT
    • 1369 9 Saint Pierre 3 Magazine Road, #01-01 Central Mall. Tel: 6438-0887 FROM a culinary perspective, there's nothing better than sitting down to a great meal in good company unless of course it comes with a nice environment and impeccable service to match. Not many establishments in Singapore
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  • Page 9 Advertisements
    • 363 9 Hewitt I I H Developing the Leaders You Need Insights and learnings from companies in the region and globally Wednesday, 22nd February 2006 8.30 am 1.30pm Raffles City Convention Centre (Stamford Road) Hewitt's experience in developing Why is Leadership development so much leaders in the spotlight today? Hewitt's point of
      363 words

  • VIEWS FROM THE TOP
    • 3270 10 THIS WEEK'S TOPIC What are your thoughts on the recommendations of the Tripartite Committee on Employability of Older Workers? Are there other ways to help workers who are near or past the mandatory retirement age of 62? SIXTY-TWO is young, not old. Minister Mentor Lee Kuan Yew at
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  • Page 10 Advertisements
    • 132 10 BTCEOse-Gub Members of the BT CEOs e-Cfub are Singapore's top corporate leaders whom BT edtors would like to interact with in an atmosphere of informality and trust This 'dub' is a virtual one; with interaction mainly via e-mail. Each week, we will invite comments from these »4 top executives on
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      732 12  -  How do Asians view the notion of regret when it comes to making, or not making] investment decisions? DANIEL BUENAS summarises the findings of a Citibank study DANIEL BUENAS: OVER the past few weeks, we've been exploring the Singaporean investment mindset, and we've discovered that we're not as
      732 words
    • 707 12  -  CAMPUS LIFE UMA SHANKARI meets Melissa Loh, the winner of the Ray Heath Memorial Essay contest UMA SHANKARI FIRST year business student Melissa Loh recently lent her voice to the ongoing public debate about the pros and cons of the upcoming integrated resorts (IRs) and
      YEN MENG JIIN  -  707 words
  • Page 12 Advertisements
    • 251 12 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 have
      251 words

  • ECONOMY WATCH
    • 733 13 Fall in US dollar may encourage more sales to overseas customers NYT [NEW YORK] The freespending days of the American consumer may be nearing an end. The embossed numbers on American consumers' credit cards have worn thin, the housing market shows signs of
      NYT; AFP  -  733 words
    • 295 13 Reuters [LONDON] Global economic growth slowed in January thanks to a weaker pace of expansion in the United States, particularly in the service sector, an indicator based on national surveys of purchasing managers showed last Friday. The All-Industry Output Index for January,
      Reuters  -  295 words
    • 451 13 LAT-WP [WASHINGTON! President George Bush plans to propose a US$2.7 trillion budget today that would shrink most parts of the government unrelated to US security while slowing spending on Medicare by US$36 billion during the next five years, according to White House documents.
      LAT-WP  -  451 words
  • Page 13 Advertisements
    • 228 13 4 v^|jfe PULFILLING ITS K:. APPLICATIONS mLL^M mm,,., M 1 *-''J "4. .ffjyi. A 1 m.. «B i ini>i[ivr r ii i^Hr^M^B^M^M^B M ■H China Essence is a leading integrated producer of potato starch and potato starch-based products such as vermicelli, starch strips and five-grain noodles in the PRC. ISO-certified
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  • MALAYSIA/INDONESIA
    • 606 14  -  MALAYSIA INSIGHT Govt should allow Tenaga Nasional to hike tariff to send a signal to investors that it is fully committed to GLC reform S JAYASANKARAN KL Correspondent LAST year was not exactly a banner year for Bursa Malaysia. Or for analysts. It
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    • 384 14 But government won't interfere in Kiani Kertas issue [JAKARTA] Indonesian Vice-President Jusuf Kalla criticised the Sampoerna family on Friday for the uncertainty it had allegedly caused in the local economy after withdrawing from several investment projects sponsored by the government, the Jakarta
      AP  -  384 words
    • 341 14 Reuters [JAKARTA] Indonesia's economic growth is estimated to have slowed further in the final quarter of last year due partly to weaker consumer spending after a big rise in fuel prices in October, a central bank document showed. The. document submitted to Parliament
      Reuters  -  341 words
    • 735 14 AFP [KUALA LUMPUR] Proton's new tie-up with Mitsubishi could give Malaysia's troubled carmaker a new lease on life by helping it roll out new models, even if the alliance is looser than hoped for, analysts say. The deal signed on Friday covers
      AFP  -  735 words
  • Page 14 Advertisements
    • 129 14 HHB Diners Club Card To apply, coff 6416 0980 World ofExclusive Privilege* Treat* Diners Club t Km<^"< Love is in the air on this special night with a sweet offer to lovebirds. Spend a memorable Valentines Day with your sweetheart with our special $188 package, including a one night stay
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    • 13 14 S .Mja c £le/CVifyn&1 e/ C Vifyn& 40 Holland Grove Rd. Tel: *****053
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    • 64 14 Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. notices The Seafood International Market Restaurant "nBK/ 902 East Coast Parkway Aquatic Complex (Big Splash), Tel: 6345 1211 £*wEstnmi 10% off Valentine's Day Set Dinner at $88
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  • INDIAN EXPANSION
    • 1110 15  -  Mittal Steel's hostile bid for Arcelor is being portrayed as a corporate clash of civilisations, reports ANAND GIRIDHARADAS ANAND GIRIDHARADAS IHT POLISH plumber, step aside. The new archetype of the threat to Europe is the Indian in pinstripes. Or so it seemed last
      IHT; AFP/REUTERS; AFP  -  1,110 words
    • 744 15 AFP [NEW DELHI] After decades of being stifled by strict foreign exchange controls, corporate India has gone on a shopping spree snapping up companies everywhere from Britain to Korea. Still, the country has no home-based takeover tycoons to rival Kolkata-born "king of
      AFP  -  744 words
  • Page 15 Advertisements

  • GREATER CHINA
    • 537 16 HKEx will expand committee to at least 28 members, including investors [HONG KONG] Hong Kong Exchanges and Clearing (HKEx) has revised its controversial plan to impose a six-year term limit on members of the listing committee, the South China Morning Post reported on
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    • 329 16 AFP [BEIJING] Chinese consumers spent some 190 billion yuan (5538.6 billion) during the week-long Chinese New Year holiday, up 15.5 per cent over the same period last year, the government announced yesterday. Food made up some 25 per cent of the retail
      AFP  -  329 words
    • 335 16 Bank to sell former HQ, estimated to be worth HK$2b [HONG KONG] Hang Seng Bank has appointed Jones LaSalle to handle the tender for its HK$2 billion (*****.5 million) former headquarters in Central, putting it in direct competition with DBS which has
      BLOOMBERG  -  335 words
    • 286 16 [HONG KONG] China approved requests by 31 foreign institutional investors to pour U555.64 billion into yuan-denominated stocks and bonds by the end of 2005 as demand for access to the domestic market heats up, The Standard reported on Saturday. Ultimately the scheme
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    • 913 16 NEWS ANALYSIS It miscalculated people's needs when it built West-East pipeline Reuters [SINGAPORE] China faces an unprecedented shortage of natural gas that may take years to alleviate after state planners and energy firms were caught off guard by the pace of demand growth
      Reuters; AFP  -  913 words
  • Page 16 Advertisements
    • 76 16 inrtovest consulting One Stop Investment Services in Indonesia for Setting up foreign company Setting up representative office Corporate and Tax Services Employment Pass Trademark and Product Registration Obtaining various approvals, licenses and permits from Indonesian Authorities Find out how to set up business in Indonesia at: www.indovest.co.id Investment Enquiries: ws@indovest.co.id
      76 words

  • INDIA
    • 328 17 [NEW DELHI] Directors of nearly 700,000 companies, including all listed, unlisted and private firms, will have to obtain a director identification number (DIN), the Business Standard reported on Saturday. This is required for the Ministry of Company Affairs' e-governance project that will
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    • 549 17 Row may fuel a fresh feud between Ambani brothers Bloomberg [\fuMBAI] India's Anil Ambani group has disputed the terms of a gas supply agreement with Reliance Industries Ltd (RIL), the nation's largest non-state company, signalling the possibility of a renewed feud between the
      Bloomberg; BLOOMBERG, AFP  -  549 words
    • 267 17 Reuters [SAN FRANCISCO] Wipro Ltd said on Friday that a five-year computer services deal with General Motors Corp (GM) was far less than the US$3OO million reported a day earlier. Wipro was the only Indian company to be awarded work in the latest
      Reuters  -  267 words
    • 809 17 AFP [NEW DELHI] India is billing its new jobs scheme that promises every rural family 100 days of work a year as a landmark in its battle against poverty but economists say it faces big hurdles. Chief among them are widespread corruption and
      AFP  -  809 words
    • 3168 17 Transaction date: Feb 3 For a full listing of the closing prices, log on to BT Online at http://business-times.asla1.com.sg after 11.30pm every trading day HONGKONG HKS '000 Aeon Credit 6.10 unch 82 Aeon Stores 7.60 und> 106 Angang New Steel H 5.45 -0.05 ***** Anhui Conch H .11.00
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  • ASIA-PACIFIC/WORLD
    • 634 18 Move is in response to IAEA referring Iran to the UN Security Council AP. Reuters. Bloomberg [TEHERAN] Iran has ended all voluntary cooperation with the International Atomic Energy Agency (lAEA), Foreign Minister Manouchehr Mottaki announced yesterday. The president had ordered the
      AP.; Reuters.; Bloomberg; Source: Bloomberg; REUTERS  -  634 words
    • 264 18 Reuters [NEW YORK] The Hoover vacuum cleaner, once a brand so powerful its name became a verb in some parts of the world, has fallen so far out of favour with consumers that owner Maytag Corp may sell the business. Chief executive Ralph
      Reuters  -  264 words
    • 272 18 Reuters [TOKYO] Sony Corp is in discussions to sell sizeable stakes in four "non-core" businesses, including a retail outlet and a French restaurant launched by the late Sony founder Akio Morita, a source close the matter said on Saturday. The four
      Reuters  -  272 words
    • 389 18 Bloomberg [NEW YORK] Research In Motion Ltd's chances of avoiding the shutdown of its Blackßerry wireless email service in the United States improved last week after decisions by two government agencies, legal experts and analysts said. The US Patent and Trademark
      Bloomberg  -  389 words
    • 311 18 Bloomberg [LONDON] BNP Paribas SA, France's largest bank by market value, offered about 9 billion euros (5517.68 billion) for Banca Nazionale del Lavoro SpA (BNL) after Italy's central bank rejected a bid for the Rome-based lender by a local rival. BNP Paribas
      Bloomberg  -  311 words
    • 245 18 Bloomberg [SYDNEY] Telstra Corp, Australia's biggest telephone company, said it will adopt a pricing policy that will make it more expensive for rivals to rent its copperwire network in the nation's cities, a move that may prolong a standoff with the competition
      Bloomberg  -  245 words
    • 490 18 Rivals planning more rallies this weekend AFP [BANGKOK] Thai Prime Minister Thaksin Shinawatra urged his supporters to ignore "stupid" protesters yesterday, even as his rivals declared their mass antigovernment rally a victory and vowed to stage new demonstrations. "These are just a few stupid people. Let's
      AFP  -  490 words

  • WORLD
    • 688 19  -  WALL STREET INSIGHT By ANDREW MARKS in New York US STOCKS slumped last week as investors were disappointed by earnings from high-profile companies and spooked by inflationary signs in the January jobs report. And Wall Street market analysts see no reason why stocks won't repeat
      AP  -  688 words
    • 543 19  -  By NEIL BEHRMANN in London PENSION fund assets in the 11 major markets grew by 17 per cent to US$l6.4 trillion last year, according to Watson Wyatt's Global Investment Review 2006. Cash from soaring pension fund portfolios have poured into global equities, private
      543 words
    • 649 19  -  By ANTHONY ROWLEY in Tokyo JAPAN is in the midst of its half-yearly corporate reporting season and most results so far suggest that the trend towards rising profits enjoyed over the past three years is continuing. Opinions are divided over whether or not improved
      649 words
    • 352 19 Reuters [WASHINGTON] Regulators vowed to start inspecting the riskiest of hedge funds first as the world's hottest investment vehicle over the last few years entered a new world of US government oversight. "Our examiners will take a risk-based approach," said Lori Richards,
      Reuters  -  352 words
    • 524 19 Reuters [LOS ANGELES] Internet retailer Amazon.com left Wall Street puzzling over its strategy and wondering if its long-term investments would pay off. Investors punished Amazon's stock on Friday, sending shares down more than 10 per cent after disappointing earnings, and some on Wall
      Reuters; AP  -  524 words

  • AVIATION
    • 494 20 BAA's method for rationing fuel favours UK carriers by adding costs for rivals, they say Bloomberg [WASHINGTON] The US government and airlines are protesting against BAA pic's method for rationing fuel at London's Heathrow Airport, saying the approach favours UK carriers by
      Bloomberg; BLOOMBERG  -  494 words
    • 159 20 Bloomberg [JAKARTA] PT Adam Skyconnection Airlines, an Indonesian budget carrier, is in talks to sell a stake to Australia's Qantas Airways, Adam's president director Adam Suherman said. Adam Air, as the Jakarta-based airline is known, said Qantas's chief executive officer Geoff
      Bloomberg  -  159 words
    • 289 20 AP [IQALUIT, Canada] The world's largest passenger jet is set to make its first trip to North America today where it will undergo coldweather testing in the barren northern Canadian territory of Nunavut. The Airbus A3BO is scheduled to fly from France to
      AP  -  289 words
    • 363 20 AP [MADRID] Prime Minister Jose Luis Rodriguez Zapatero inaugurated a fourth terminal at Madrid's airport on Saturday a six billion euro (Ssl 1.8 billion) project aimed at turning the international hub into one of Europe's largest. The terminal, designed by architect Richard Rogers, took
      AP; REUTERS  -  363 words
    • 455 20 AFP [NEW DELHI] Left-wing parties yesterday called an urgent meeting after the Indian government ignored their demands to call a halt to the privatisation of airports and voted against Iran over its nuclear programme. The communists, with 61 MPs in tfie 545-member national parliament
      AFP  -  455 words
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  • Page 20 Miscellaneous
    • 335 20 CRYPTIC CROSSWORD 10 They may offeMheir visitors an IH experience of renewal (10) HHH 11 Unfortunately churning over I when having motorway food (6) 12 Sat uneasily after dance something needed to settle things |HPH|PL_ 15 Awful earful I received for lack of j ly across river (5) 17 Hi
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  • SHIPPING
    • 787 21 Boom fuels fears of snarls that delayed deliveries through S California in '04 LAT-WP [LOS ANGELES] Every major container seaport in North America handled more import cargo in 2005 than ever before as trade with Asia continued to swell and importers looked for
      LAT-WP; BLOOMBERG  -  787 words
    • 286 21 SGX '000 Nb3 S$ W- Vol CH Offshore 0.39 -0.01 1111 ChuanHup 0.40 0.02 2722 Cosco Corporation 1.24 0.08 ***** CWT Distribution 0.90 -0.01 141 Ezra Hldgs 1.98 -0.06 2596 Freight Links 0.06 unch 1985 Grand Banks Yacht 0.92 0.01 605 Java Holdings 1.30 unch 3698 KfVentureT. 0.41
      286 words
    • 555 21 Reuters. AFP [SAFAGA, Egypt] An officer from the Egyptian ferry which sank in the Red Sea said yesterday the car deck had flooded as crew battled a fire. About 700 people arestill missing from the ferry Al Salam 98, which caught fire
      Reuters.; AFP  -  555 words
    • 342 21 Reuters [ANCHORAGE, Alaska] Rescue crews refloated a tanker carrying nearly 19 million litres of oil and gasoline on Friday, one day after the vessel ran aground in Alaska's Cook Inlet and caused a small spill, state and Coast Guard officials said. Emergency crews emptied
      Reuters  -  342 words
    • 240 21 AP [NEW DELHI] Three large trade unions in India said last week they would take action to stop a decommissioned French warship from entering an Indian shipbreaking yard, unless it is cleared of toxic waste on board. Environmental activists say
      AP  -  240 words
    • 146 21 Bloomberg [NEW DELHI] Great Eastern Shipping Co, India's secondbiggest shipping group, said its third-quarter profit declined 36 per cent as it wrote down the value of some of its ships in compliance with local accounting norms. Great Eastern earned 1.85 billion
      Bloomberg  -  146 words
    • 176 21 Reuters [LONDON] The British government said it had approved plans by Hong Kong conglomerate Hutchison Whampoa for a new container terminal at Britain's largest container port at Felixstowe, 120 km north-east of London. Transport Minister Derek Twigg said that a container terminal
      Reuters  -  176 words
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  • 11644 22 STRAITS TIMES INDEX STOCKS Stock nam Wl Oom Chang* Stock ran* Wt Oom Change Stock nam* MR Oom Chang* Allgreen 50c 0.30 1.310 -0.010 Haw Par Corp 0.42 5.450 +0.100 SPH20C 4.22 4.320 -0.020 Ascendasreit To2 2.150 -0.040 HyfluxSc 0.44 3.040 +0.040 STEngglOc 1.94 3.060 *0.020 BIL Intl
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  • 6262 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool curr In SS hi USS dy *yr dy yr *dy %yr Feb 3 lnd«» Ch»nq« Change Change Change Change Chang* The World IndwPieimrey 9915 -0.1 2.6 -0-3 1.5 -05 3.2 EAFE Preliminary 1006.2 0.0 3.4 -0.6 3.0 -0.8 47 Europe Preliminary
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    • 1080 24 NYK GROUP SOUTH ASIA PTE LTD m. rWJnMF fVfIM ar TE_: 6295 0123 JVXAIiNE t«R£jf M 9 Mm LINE Fax: 6292 2856 (RegionaJ sales) 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO K>»AKU KASHA. 170. (C/R NO: **********0E) UK CONTINENT SERVICE U.S.A. SERVICE Destination Destination C BRAVE ATW/RTM/BMN/TLB/NAN
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    • 979 25 WAN HAI NTHINATIONAL PTE LID a NO: IWSttOOOO/l TIL *****5 M (14 IMS) FAX: *****163 X®\WAH HA LINES J0H1H:(B7)2SIWBBUt(DJB51IB1 SUIIMOll) JJW47SfWt(OSI|UWI4/JBIJBJ 1 JCTHLKHD *****H FAX: 1071) S2S47IIWIW: 716*0/71 Ull WWW.WtMBI.MM.t9 w gw mc khh kh mc kwt w tw tog iws ibo tw_ W*hHfJ7ll I I mfm I 07/D2 07All
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    • 828 25 W si si WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS ytsstl I VOT I SIN MUNgIcOIOMO N. SHtVA COUMMO sat m a nt Jt =1= YPWO79 "mfo"~itm" 24F8 2Z-EEI DIM— ihdiu GAWDHi 01Q1W _2Z_Ea 2g_EEi_ _£M IAM— ALSO ACCEPTMG Kl TO COCHM. TUTKOMN (VU
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    • 1160 26 mNorclana (Asia) Pie Lid LSZ' 70 Shu*- Way, *21-03 Marim H«w 07*1 It NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATS ARE ARRIVAL DATES VtSSIL VOY ttg—re Fre—Ho Cocwhhd Ckbl—shhrf PwiiGdi Islond Express lE6OI X 24Jon 01_Feb MM> 09 Feb Island Express 1E402 11 Feb 21
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 7304 27 This ETA ETA Advartkar Vassal Voyaga Tataphona SIN Dasfn Nana Name Niitoar Numtoar To ABIDJAN (ABJ) 2003 Cote D'lvoire 13/02 21/03 China Shpg DAXIN 16SW *****898 16/02 15/03 Delmas URSULA DELMAS 612W *****344 16/02 21/03 China Shpg CMA COM SEINE SX211W *****896 18/02 21/03
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  • BizIT
    • 761 28  -  It heads the first consortium to go public, which includes Singapore Computer Systems, Avanade, Microsoft and Cisco, reports ROLAND LIM ROLAND LIM NOW it gets interesting. Global technology solutions provider EDS says it has joined hands with Singapore Computer Systems (SCS), Avanade, Cisco
      761 words
    • 403 28 NYT [NEW YORK] Soon companies will have to buy the electronic equivalent of a postage stamp if they want to be certain that their email will be delivered to many of their customers. America Online (AOL) and Yahoo, two of the
      NYT  -  403 words
    • 759 29  -  <you say> Top hardware and software vendors have jumped on an initiative originally mooted by a Singaporean. But will the idea fly? By RAJU CHELLAM THIS is a story that needs to be told. It's about a Singaporean who floated an idea about four years ago.
      759 words
    • <what's up>
      • 63 29 GERMAN chipmaker Infineon Technologies has appointed Hans-Martin Stech as the new chief financial officer for its Asia-Pacific operations. Based in Singapore, he will be responsible for the company's accounting, tax, finance and treasury, as well as audit activities in the region. Mr Stech was previously
        63 words
      • 71 29 THE Lasalle-SIA College of the Arts has chosen Sony Singapore to be the technology partner for its new city campus located in the Rochor area. To be completed by the end of this year, the school will serve as a showcase for Sony's design,
        71 words
      • 78 29 T-SYSTEMS, the infocomm technology solutions arm of the Deutsche Telekom Group, has announced the appointment of Gladys Wong as its chief financial officer for Singapore. With additional responsibilities for the firm's other businesses in the Asia South region, Ms Wong's charter is to
        78 words
      • 66 29  -  Compiled by 'WINSTON CHAI SONY has launched its latest entry-level digital camera, the Cybershot S6OO (above). Targeted at the novice user, the new 6-megapixel camera can take up to 460 pictures on a single battery charge. It also features a more powerful flash, capable of
        66 words
    • 325 29 Bloomberg [SAN FRANCISCO] Dell Inc stopped selling its most-ex-pensive digital music players after failing to take market share from Apple Computer Inc's iPod. Dell, the world's largest personal-computer (PC) maker, discontinued three Digital Jukebox players that sell for US$2OO to US$3OO, spokesman Liem Nguyen
      Bloomberg  -  325 words
    • 669 29  -  Software provides surveillance, recognition and tracking of threats By LEE KIM SIANG DETECTING suspicious activity via security cameras has now been made more efficient and effective with Singapore Technologies (ST) Electronics* latest innovation, which functions as a virtual "brain" to process the information
      669 words
    • 310 29 AP [NEW YORK] Companies and individuals heeded last week's warning some may call it "hype" about a file-destroying computer worm known as "Kama Sutra", helping minimise its damage on Friday, security experts said. One Italian city shut down its computers as a precaution, but otherwise
      AP  -  310 words
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    • 124 29 ifflk w An integrated suite of communication and collaboration 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 collaboration to stay relevant.
      124 words

  • BizIT FOCUS: MAKING IT WORK
    • 1321 30  -  Companies are increasingly realising the need to align IT with their business requirements, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY WITH Information Technology (IT) now a critical part of business operations, companies are beginning to ask how they can align their IT investments with their
      AFP  -  1,321 words
    • 451 30 BTO (Business Technology Optimisation) software and services can ensure that IT initiatives are focused on the right business outcomes. To do so will require software that automates the governance of, and control over, critical IT processes as well as application quality, performance, and availability. According to
      451 words
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    • 80 30 **~s *v *v; »w. t m*r* &lt;~ ;:i I lli J i I W A |fl| H I I I I I v 111 1 y MNIfI|HHRjH I MERCURY BUSINESS TECHNOLOGY OPTIMIZATION H C 2006 Mercury Interactive Corporation All riflh.s reatricted Mercury Interactive. Mercury, Mercury BTO Enterprise. and the Mercury
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    • 12 30 This weekly series is brought to you by MERCURY" BUSINESS TECHNOLOGY OPTIMIZATION
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