The Business Times, 9 February 2006

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES Thursday, February 9,2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 089/03/2005
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  • 850 1  -  This will lower costs, spur private sector, it says By CHUANG PECK MING [SINGAPORE] Expensive land has been a major obstacle to the development of private retirement homes. And a government-led panel yesterday unveiled a package of proposals that include a measure aimed at
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  • 766 1  -  Thai rules require majority domestic control of carrier By VEN SREENIVASAN in Singapore and OUR CORRESPONDENT in Bangkok TEMASEK Holdings and Malaysia's AirAsia could see their stakes in Thai AirAsia diluted with the impending. injection of local equity in line with
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  • Page 1 Advertisements

  • TOP STORIES
    • 596 2 Tourism appeal, design are winning factors for IR bid TOURISM appeal and architectural concept and design will be the factors in deciding the winning bid for the Marina Bay integrated resort (IR), the government has revealed. And some industry watchers believe consortiums with experience in Asia could have
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    • 135 2 sn 2.428.25 (-20.48) ST INDEX HJTURES 2,432.00 (-21.00) simsq 287.55 (-2.47) SIMSCI FUTURES 287.70 (-2.40) MARKETS Wednesday Change KLSECOMP 918.92 -4.92 NIKKEI 225 16,272.68 -448.31 HANG SENG 15,373.44 -143.57 SET INDEX 734.63 -8-74 JAKARTA COMP 1.238.17 -21.19 MANILA COMP 2,060.92 -36.46 SEOUL COMP 1,310.99 -21.29 SHENZHEN B 258.93
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    • 338 2  -  Exercise will prepare financial sector to cope with shocks to system By SIOW LI SEN [SINGAPORE] Banks here will hold their first indus-try-wide business continuity exercise in May, Association of Banks in Singapore (ABS) chairman Wee Ee Cheong said yesterday. The exercise, to be
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    • 546 2 But SEC says it's not aware of UK firm implicated by Democrat Party By OUR CORRESPONDENT in Bangkok IN what conjld be another .blow to Thai Prime Minister •jhaksin ShiAwatra, an opposition part* to •have founcfflwKrWWlritfe that suggests insider trading of shares before his
      AFP  -  546 words
    • 536 2  -  RECOMMENDATIONS BY COMMITTEE ON AGEING ISSUES Broker also sees downside in leasing HDB flats to VWOs By ARTHUR SIM [SINGAPORE] The Committee on Ageing Issues (CAI) is recommending that the government "consider specific measures to facilitate the development of retirement housing by
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    • 891 3  -  Consortiums with Asia experience have an edge: industry insiders By DANIEL BUENAS [SINGAPOBE] Tourism appeal and architectural concept and design will be the factors in deciding the winning bid for the Marina Bay integrated resort (IB), the government has revealed. And
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    • 491 3  -  Fitch analyst says P&O's network confers power against shipping lines By DONALD URQUHART [SINGAPORE] The victor in the ongoing battle between PSA International and Dubai Ports World (DP World) for the P&O Group will have the extensive global network needed to
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  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 670 4  -  Director Gu Yanfei stays on proposed new board, with executive powers By MICHELLE QUAH SCANDAL-RIDDEN China Aviation Oil (Singapore) Corporation, or CAO, has proposed appointing two well-known individuals from the corporate world to its new board, in an apparent attempt to
      670 words
    • 571 4  - CAO —no clean break HOCK LOCK SIEW By WONG WEI KONG CHINA Aviation Oil's proposed neW board may come as a disappointment to those who were looking to the company to make a clean break, from the past. At CAO's annual general meeting last week, several shareholders had called for
      571 words
    • 6001 4 UNIT TRUSTS FUNDS AM Amro Aseet Mgt (S'pore) Star Europe Eqty!" 0386/ Star Europe Bond 1.176/ Star Europe Bai 1.148/ Star Asian Tiger Eqty 1.161/ Stat Asia Rand 1311/ Star Asia Balanced 1.076/ Star Global Technology Fund!" 0J07/ Multi St Fd 1.053/ Star Asia BondfUSO) 0.804/ Gfc Mult) St USD
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    • 535 5  -  Results better than expected on strong associates' showing By SIOW LI SEN SINGAPORE Telecommunications yesterday posted slightly better than expected third-quarter results as the performance of its Australian unit Optus held up better than anticipated and contributions from associates were much stronger.
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    • 277 5 TELECOM FOCUS LEE Hsien Yang, Sing Tel group chief executive, yesterday said the bitter legal fight in which the company has emerged victorious against Star Hub was not about money but over a principle. Referring to Monday's unanimous decision by the Court of
      277 words
    • 293 5  -  By SHOEB KAGDA in Jakarta INDONESIA'S top three telephone companies were given licences yesterday to operate third generation (3G) mobile technology, paving the way for them to expand their long-term dominance of the phone market. The three Telekomunikasi Selular (Telkomsel), Indosat and Excelcomindo
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    • 349 6  -  Mercer survey shows it's second among Asian banks, behind BOC(HK) By LESLIE YEE OCBC Bank is Singapore's top bank based on volatili-ty-adjusted shareholder value performance, says global financial services consulting firm Mercer Oliver Wyman. In a survey of shareholder value performance of 400 financial
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    • 222 6  -  By CONRAD TAN OCBC Bank yesterday announced the launch of the first shariah-compliant term deposit here, which will be sold wholesale to Muslim companies, financial institutions, mosques and non-prof-it organisations. The deposit will be offered in four foreign currencies the US dollar, the euro, the Australian dollar
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    • 519 6 By OUR CORRESPONDENT in Bangkok A HOLDING company controlled by Charoen Sirivadhanabhakdi. one of Thailand's leading businessmen, said that he and associates would make a tender offer for all the remaining shares of Oishi pic, ahead t of the planned listing of their
      519 words
    • 408 6  -  CORPORATE RESULTS It posts net profit of US$4.2m for Q1 ended Dec 31 By AMIT ROY CHOUDHURY SHAREHOLDERS of Datacraft Asia can expect good tidings soon with the company deciding to resume from the eqjg of to© current fiscal yea&il* September, afyeaH**^"* This announcement came
      FILE PHOTO  -  408 words
    • 374 6  -  By CHEN HUIFEN GP Batteries International yesterday reported a thirdquarter profit attributable to shareholders of $3.3 million, a turnaround from the $18.5 million loss it suffered a year ago. For the three months ended Dec 31, revenue at the rechargeable battery
      374 words
    • 282 6  -  By CONRAD RAJ THANKS to higher contributions from security printing and lower divestment losses, Temasek-linked listed printing company SNP Corporation, reported a 50 per cent increase in net earnings to $15.2 million for the year ended Dec 31, 2005 from $10.1 million for the
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    • 339 6  -  By MATTHEW PHAN INTER-ROLLER Engineering, a provider of airport logistics solutions, posted an 89 per cent year-on-year surge in net profit to $5.54 million for its fourth quarter ended Dec 31, 2005. Revenue for the three months rose 53 per cent to $30.45 million. The
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    • 267 6  -  By CONRAD TAN SP CHEMICALS, formerly Singpu Chemicals, has reported a 22 per cent fall in net profit to 34.1 million yuan (556.9 million) for its fourth quarter ended Dec 31, 2005 due to weaker selling prices for two of its core products. However,
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    • 220 6  -  By LESLIE Y|E SINGAPORE Food Industries (SFI) reported a 12.2 per cent jump in net profit to $14.94 million in the fourth quarter of 2005, up from $13.32 million in the same period a year ago. Turnover for Q4 was $179.93 million, up 2.3
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    • OTHER RESULTS
      • 59 6 GATES Electronics Limited yesterday recorded a 99.2 per cent growth in net profit to $488,000 for the six months ended Dec 31,2005 due to higher revenue and tighter control over expenses. Revenue grew 30.8 per cent to $14.17 million. Going forward, it plans to develop
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      • 47 6 THAKRAL Corporation Ltd yesterday unveiled a profit attributable to shareholders of $607,000 for Q3 ended Dec 31,2005 compared to $4.4 million achieved the previous year. The weaker performance was due to lower turnover and margins in its principal electronics distribution business.
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      • 38 6 CHINA EnerSave's full-year profit more than quadrupled to $1.1 million, from $233,000. For the year ended Dec 31, revenue slipped 42 per cent to $18.4 million as the group divested its non-core businesses.
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      • 58 6 DRAGGED down by higher expenses and foreign exchange loss, electrical installation products supplier CIH yesterday reported a Q3 loss of $3.2 million, against a net $652,000 profit in the year-ago period. This was despite a 21.53 per cent growth in revenue to $38.1
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      • 49 6 HESHE Holdings narrowed its interim loss to 1.1 million, from $1.2 million. For the six months ended Dec 31, sales declined 78.3 per cent to $1.1 million. The group said it will strengthen its F8tB business, while scaling down the property development segment.
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      • 48 6 ASTI Holdings yesterday posted an 84 per cent fall in full-year profit to $2.7 million, on a 25 per cent drop in turnover to $88.5 million. For Q4 ended Dec 31, however, net profit jumped 37 per cent to $2.2 million.
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    • 472 7  -  Price works out to $550 psf ppr, inclusive of charges, premium By KALPANA RASHIWALA MCL Land has bought the freehold Waterfall Gardens in Farrer Road and two smaller adjoining sites for $131.75 million. The price works out to $550 per square foot of potential gross
      FILE PHOTO  -  472 words
    • 350 7 Reuters SINGAPORE printed circuit board maker MFS Technology Ltd said yesterday that it is in preliminary merger talks, after the Singapore Exchange queried a recent sharp gain in its share price and trading volume. MFS shares jumped on the merger news to end
      Reuters  -  350 words
    • COMPANY BRIEFS
      • 64 7 LABROY Marine's wholly-owned subsidiary, Labroy Shipbuilding And Engineering Pte Ltd, has signed a shipbuilding contract worth $44 million. The contract is for the construction of two anchor handling tug supply vessels with delivery scheduled in 2008. The group is not expecting any material effect on
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      • 69 7 CSE Global Ltd (CSE) yesterday said its US-based subsidiary, W-Industries Inc, has recently clinched three projects totalling $20 million, which will have a positive impact on its net profit for this year and the next. The projects mostly involve the supply of platform
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  • Page 4 Advertisements
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  • Page 7 Advertisements
    • 25 7 Want the best deal? Invite tenders. Call 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. [•sATfIW? NOTICES I
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    • 151 7 *:|pj l.'fStfp I I MAI :lov. 'I' >u i< I. 1 M'- 1! v •(j hi,.(. •11 11) > r All j' t I'■ f/' i' 1' S V I MMIItr, I Ml« II V' M. s I J ■-f v ,,tl Iki*.pit.ilit j tli.it i'. tin' I *i.:> I
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  • SINGAPORE MARKETS
    • 546 8  -  STOCKS China stocks still in demand as trading in penny stocks remains brisk R SIVANITHY Senior Correspondent Sometimes, it's wail Street that brings the sellers out, other times it's Japan. Yesterday, it was both the US market dropped overnight and the mood was
      Source: Bloomberg  -  546 words
    • 750 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Feb 8 and earlier) Subsantial No of Wee SHAREHOLDING Shareholder/ Buy I Shares Per Before After Stock Trans Date Director Sejj '000 Shr C000) C000) Vita HIdas 8-Feb-06 Chong Thim Pheng Buy 150 na ***** 10.65 ***** 10.70 Vita Hldgs 8-Feb-06
      750 words
    • 212 8  -  By CHEN HUIFEN MAE Engineering substantial shareholder Bobby Lim Chye Huat has pared his direct shareholding in the company to 9.28 per cent, from 9.83 per cent. Mr Lim sold 2.27 million shares in the open market through a series of transaction last Friday
      212 words
    • Article, Illustration
      930 8  -  Compiled by CHEN HUIFEN Ezra Holdings F«b 8 dose: $2.01 DBS VICKERS SECURITIES, Feb 8 WITHIN the anchor handling and tugs supply (AHTS) vessel class, Ezra is aggressively expanding its fleet size, from 13 at end-FYOS to 30 by end-FYO7. It has also started to diversify vertically. It
      Source: Bloomberg  -  930 words
    • 502 8  -  CURRENCIES LARRY WEE Senior Correspondent COMMODITY prices suffered a sharp and painful reversal overnight, with gold tumbling more than 3 per cent or US$2O per ounce to record its largest one-day fall since August 1993 punishing commodity currencies like the Austra- lian,
      Source: Reuters  -  502 words

  • SINGAPORE NEWS
    • 469 9  -  Falling margins prompt first such reduction in two years By RONNIE LIM SINGAPORE refineries have started to cut their crude rims the first such capacity reductions in two years. The move comes as refining margins are eroded by costlier crude on one hand and weak
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    • 387 9  -  By SAMUEL EE AS expected, the small car COE premium has bounced hack up, after it unexpectedly slumped below $10,000 three weeks ago. But in an indication of the general lack of interest in larger models, big car and open category COEs eased
      ARTHUR LEE  -  387 words
    • 719 9  -  By ALEXANDRA HO in Las Vegas MGM Mirage may be reticent about its plans for the Marina Bay integrated resort (IR), but it has been hard at work finding out what will click in Singapore. With co-bidder CapitaLand, MGM conducted
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    • 240 9 Bloomberg THE Government of Singapore Investment Corp (GIC) and the Monetary Authority of Singapore (MAS) have agreed to tighten controls after a government committee found minor lapses in their work procedures. The Monetary Authority paid some overseas allowances and benefits that were not
      Bloomberg  -  240 words
    • 323 9  -  By LESLIE YEE THE Monetary Authority of Singapore announced yesterday that the Singapore Deposit Insurance Corporation (SDIC) has been set up to administer the* deposit insurance scheme and manage the deposit insurance fund. Targeted to commence on April 1 this year, the
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    • 317 9  -  By OH BOON PING COUNTRY club and time-share operators may face more stringent disclosure standards if proposed changes to the Consumer Protection (Fair Trading) Act, or CPFTA, are passed. These amendments include the disclosure of the minimum and maximum number of memberships offered,
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    • 351 9  -  By CHEN HUIFEN HOMEGROWN fashion retailer FJ Benjamin Holdings yesterday announced a tie-up that will see it strengthen its foothold in the Middle East. It has entered into a franchise arrangement with Gulf retail operator Apparel LLC that will result in the opening of
      FILE PHOTO  -  351 words

  • FOCUS: SERVICES
    • 1223 10 STRATEGY Mega corporations are changing the business landscape and evolving a new model of competitive advantage THE world's biggest companies have got much bigger and richer in the past two decades, and by all indications, the trend will continue. The rise of these mega corporations has
      AFP/AP  -  1,223 words
    • 417 10 THERE has been a remarkable shift in the mix of the world's top 150 companies and in the skills they employ over the past two decades. Financial services and healthcare companies accounted for just 12 per cent of the top 150 in 1984
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  • Page 10 Advertisements
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  • ECONOMY WATCH
    • 668 11 Demand for bank loans rose to the highest level in almost six years Bloomberg [TOKYO] Japan's bank lending stopped falling for the first time in eight years in January, adding to signs the deflation that's been plaguing the world's sec-ond-largest economy is coming
      Bloomberg  -  668 words
    • 774 11 Reuters [NEW DELHI! This is the time of year when things are supposed to be looking up in India: festivals and crop harvests typically boost activity. But economists say growth in this quarter and at thie end of 2005 may have already started
      Reuters; BLOOMBERG FILE PHOTO  -  774 words
    • 420 11 AP [HOUSTON] Saudi Arabia's oil minister said on Tuesday that today's soaring oil prices were not sustainable in long term, but that prices must be between US$45 and US$5O a barrel for petroleum producers to meet global demand, which he estimated
      AP  -  420 words
    • 492 11 Reuters [GENEVA] The World Trade Organization ruled on Tuesday that the European Union and six member states had broken trade rules by barring entry to genetically modified crops and foods. A US trade official confirmed findings of the preliminary ruling, contained in
      Reuters  -  492 words
  • Page 11 Advertisements
    • 143 11 i |(x- «i 9!*pit4< -vmdoHi on* qofovsb gdmtiqnettM ''(fxiwMnßq'tftoiwtntffi irmrittifc t&Uii bw, rtoiia »itf no muquim <wft on ig January to 12February 2006 Festive Lunch Daily 12noon 230pm Adult $26.80+++ Child $18.80+++ Adult 3< j P Chiufsl3.Bo+++ HOTEL PHOENIX Weekend 3.30pm 5.30pm Adult $21.80+++ Child $15.80+++ ChineseNewYear Fes S£Pz ner
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  • MALAYSIA/INDONESIA
    • 353 12 Malaysian lender says no formal offer after three months of negotiations Reuters [KUALA LUMPUR] Malaysia's second-smallest lender, Southern Bank Bhd, said yesterday it had decided to end merger talks with rival CIMB Group, which had made no formal offer after nearly three months
      Reuters  -  353 words
    • 386 12 [JAKARTA] Despite recent calls to reduce the country's reliance on foreign debt, the government is still hoping to secure at least US$2.5 billion in loans from creditors in the Consultative Group on Indonesia (CGI) to help cover this year's
      386 words
    • 2393 12 VOL Ml m W- raoo) ASM Realty 1.41 unch 0 Abric .034 -0.01 23 ACP Industries .0.69 -0.01 310 Advance Synergy -025 unch 263 Advent* .0.30 0.01 237 A£ Muttl 0.35 0.01 926 AffinHldgs 1.64 0.02 516 Ahmad Zaki Res 126 -0.02 13 AJCCorp 1.14 -0.01 16 AirAsia
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    • 306 12 Reuters [KUALA LUMPUR] Malaysian hotel and casino operator Resorts World Bhd plans to raise around RMI billion (*****.4 million) from a bond sale, people familiar with the plan said, as it seeks to expand its gaming business. Star Cruises, 36 per cent-owned by Resorts,
      Reuters  -  306 words
    • BRIEFLY ASIA
      • 91 12 Reuters [KUALA LUMPUR] Penerbangan Malaysia Bhd, the parent of state carrier Malaysian Airline System, plans to sell US$l billion in 10-year bonds, sources familiar with the plan said yesterday. The planned sale, expected to be one of Malaysia's biggest US dollar bond issues this
        Reuters  -  91 words
      • 105 12 AFP [SHANGHAI] Chinese oil giant Sinopec Corp is expected to begin a 12-13 billion yuan (552.4 to 552.6 billion) restructuring bid after it announced yesterday four of its subsidiaries would be suspended from trade. "The four listed units have a total tradable share value
        AFP  -  105 words
      • 109 12 Bloomberg [HONG KONG] Hong Kong billionaire Li Ka-shing's Hutchison Whampoa Ltd and Cheung Kong (Holdings) Ltd will invest 475.8 million yuan (5596.4 million) in cash for a joint 46 per cent stake in a real estate development project in China. The venture will own four
        Bloomberg  -  109 words
    • 424 12 Bernama [NEW DELHI] Malaysian telecoms major Maxis Communications Bhd plans a fresh investment of US$l billion in the Indian market following its acquisition of Tamil Nadu-based cellular services company Aircel. This is in addition to a US$l.OB billion investment the Malaysian company has kept
      Bernama; BLOOMBERG  -  424 words
    • 344 12 AP [KUALA LUMPUR] Malaysia's government is considering a law that would require employers to deposit their maids' salaries into bank accounts following complaints from maids that they are not paid on time, a report said yesterday. The legislation would protect some 300,000 maids,
      AP  -  344 words

  • GREATER CHINA
    • 497 13 HK tourism officials dismiss fears that mainland park would hurt HK Disneyland [HONG KONG] In a sign that a deal may be imminent, Disney officials have for the first time admitted it's negotiating to build a theme park in Shanghai, shortly after disclosing
      PHOTO: AP  -  497 words
    • 613 13 Application toHK exchange could come as early as this week: sources Reuters [BEIJING] Bank of China, the country's number-two lender, has agreed to list its stock in Shanghai, as well as its preferred bourse in Hong Kong, to win
      Reuters  -  613 words
    • 499 13 Reuters [HONG KONG] Most of Hong Kong's leading lenders, like HSBC's Hang Seng Bank and Bank of East Asia, will eke out small earnings growth for 2005 after a second-half rebound in net interest margins, analysts say. Big lenders in
      Reuters  -  499 words
    • 480 13 Reuters [BEIJING] China will not allow new cigarette factories, including joint ventures with foreign partners, as part of efforts to reduce smoking in a country that puffs its way through almost two trillion cigarettes a yeaV. Beijing would also impose strict controls
      Reuters  -  480 words
    • 454 13 Furore over Unocal was good learning experience: CEO Reuters. Reuters,Bloomberg [HOUSTON] CNOOC Ltd chief executive Fu Chengyu says last year's collapse of his US$lB.5 billion bid for Unocal Corp on political opposition in Washington won't prevent him from trying to buy other
      Reuters.; Reuters,Bloomberg  -  454 words
  • Page 13 Advertisements
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      127 words

  • INDIA
    • 429 14 Mukesh Ambani's Reliance Industries hands over control of four units to brother Anil AFP. Bloomberg [MUMBAI] Family-run Reliance Industries, India's largest private business, completed its split into five companies late on Tuesday, ending a renewed round of sparring this week between two brothers over the
      AFP.; Bloomberg  -  429 words
    • 416 14 Reuters,Bloomberg Reuters. [MUMBAI] JP Morgan will be the latest international player to enter the Indian mutual fund industry, which has seen assets grow 32 per cent last year to 1.99 trillion rupees (5573.4 billion) on unprecedented inflows, sources said. Fidelity, the world's
      Reuters,Bloomberg; Reuters.; AFP  -  416 words
    • 172 14 AP [BANGALORE] Energy giant Royal Dutch Shell will hire 1,000 new employees this year and open a technology research centre in India's southern city of Bangalore. The new centre which follows Shell's two centres in the Netherlands and one in the
      AP  -  172 words
    • 494 14 Bloomberg [NEW DELHI] Indian Prime Minister Manmohan Singh has ordered a fresh scrutiny of building violations in the national capital, as local politicians protest against a municipal drive to demolish illegal construction. Mr Singh stopped short of accepting a demand from New Delhi's shopkeepers,
      Bloomberg; AFP  -  494 words
    • 599 14  -  INDIA INSIGHT It's becoming sweeter music to advertisers' ears ASHOK KUMAR In Mumbai THE traditional and conservative Indian lifestyle is slowly but surely giving way to a more self-assertive and confident one. Leveraging is being increasingly used to purchase assets by consumers, who
      599 words
    • 220 14 [MUMBAI] India and Pakistan posted the highest gains among developing Asia-Pacific equity markets last year, posting much stronger returns than those in 2004, according to a report by Standard and Poor's (S&P). According to India's Business Standard newspaper, the data collated by S&P
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  • Page 14 Advertisements

  • ASIA-PACIFIC/WORLD
    • 568 15  -  Initiative aimed at preventing further surge in energy prices B y ANTHONY ROWLEY in Tokyo THE Asian Development Bank (ADB) plans to launch an "energy intensity initiative" later this year to offer technical and financial assistance to emerging giants such as China and India
      568 words
    • 362 15 Reuters [SEOUL] Samsung and its leader pledged a record donation of 800 billion won (Ssl.3 billion) to charity as a way to atone for a spate of bad public relations and legal troubles over corporate governance, it said on Tuesday. A leading
      Reuters  -  362 words
    • 273 15 Bloomberg [WASHINGTON! Should the "Oracle of Omaha", drawn as a cartoon character, look like Richie Rich or more like a Power Ranger? Last year, the world's second-richest man, Warren Buffett, appeared in animated form as a girl named Dorothy with friends made of
      Bloomberg  -  273 words
    • 576 15 Reuters [SEOUL] Shares in Samsung Electronics and other Asian memory chip makers fell yesterday after Apple's music player price cut fanned fears of a steeper price decline in chips used in the products. Apple, which uses the NAND flash memory chips in
      Reuters; AP  -  576 words
    • 203 15 Bloomberg (MAWltAJGtobeTelecom Inc, thesecond-largest Ph i lippiDft mobile phorte company, will spend an initial US$lOO million on its high-speed, third-generation (3G) cellular services, which will start commercial operations this year. "The investment can go higher depending on how much subscriber take-up is experienced,"
      Bloomberg  -  203 words
    • 824 15  -  ASIA INSIGHT Then some assumptl about and India might have to be revisited ANTHONY ROWLEY Tokyo Correspondent WHY does the wVMd pay so much attention to China and India nowadays, and so little to Japan? It's a good question and one that doesn't seem to get
      824 words
    • WORLD WATCH
      • 136 15 Reuters [NEW YORK] Cisco Systems posted better-than-expected quarterly results and a positive outlook on Tuesday. The communications equipment maker reported a boost in sales for its primary revenue source, network equipment that directs Internet traffic. While costs from expensing stock options pushed net income down
        Reuters  -  136 words
      • 85 15 Reuters (NEW YORK] Lazard Ltd, on behalf of corporate raider Carl Icahn, on Tuesday called for the breakup of Time Warner into four companies and an aggregate stock buyback of about US$2O billion, according to a report by the investment bank. The 343-page plan
        Reuters  -  85 words
      • 73 15 NYT [NEW YORK] Pfizer said on Tuesday that it would explore spinning off or selling its consumer health care division, a unit that had US$3.9 billion in sales last year and whose brands include Listerine mouthwash and Benadryl allergy medicine. Spinning off the consumer
        NYT  -  73 words

  • AVIATION
    • 736 16 Rising jet fuel prices, landing charges will wipe out airlines' gains AFP [SHANGHAI] China's airlines are enjoying fast-ris-ing passenger numbers but analysts say many may struggle to turn a profit this year due to increasing competition and oil-driven rising operational costs.
      AFP; AfP  -  736 words
    • 345 16 Non-UK carriers say rationing unfairly penalises them Reuters [LONDON] Airlines will submit a proposal this week to tackle the way fuel is rationed at London's Heathrow Airport. This follows allegations that non-UK carriers are being unfairly penalised by current shortages at the world's
      Reuters  -  345 words
    • 270 16 AP [NEW YORK] A trustee for Delta Air Lines Inc bond investors have asked a bankruptcy court judge to force the carrier to ensure proper maintenance of jets that are pledged as collateral for debt. Wells Fargo Bank, the bank serving as
      AP  -  270 words
    • 370 16 Bernama [KUALA LUMPUR] The Boeing Company and New Delhi-based Spice Jet on Tuesday celebrated the delivery of the airline's first next-generation 737-800 with Blended Winglets, the first of 10 737-800s ordered. The order, which includes options for 10 additional airplanes, was originally announced by the
      Bernama  -  370 words
    • 129 16 Reuters [LONDON] British budget airline easy Jet said on Tuesday it carried 2.3 million passengers in January, up 11.2 per cent from a year earlier. Its load factor, a measure of how efficiently it is filling its planes, was 74.2 per cent against 76.4 per cent
      Reuters  -  129 words
    • 884 16 arr man ita wan m> BHi W ros m IIBIMiI I I 55*42 JdM "■rnmm L j|Pj Ulkyepw CWTom S0481 0525 Si n m °**""**i 81 CA4M 0^40 L h 'iS IS wi Codlln MI467 0610 SQ5367 0610 Coiombo E EK&174 ??13 Mi ig? r M
      884 words
  • Page 16 Miscellaneous
    • 192 16 CRYPTIC CROSSWORD 7 As ages reflect I find a weap--10 She is navy meat or nothing when sweet (5,5) ous permutation current (10) the one j^H 26 Kick the stage full of moonDOWN 1 Sorry to see tree by the sea y 3 Remember what to do as vis- Across:
      192 words

  • SHIPPING/AVIATION
    • 703 17 CLEMENCEAU BREAKING Vessel's fate depends on Feb 13 Indian court ruling AFP [ALANG, India] France will take back asbestos from a decommissioned warship heading for an Indian shipbreaking yard if the New Delhi government wants it to, France's ambassador said yesterday. "Our commitment is
      AFP  -  703 words
    • 329 17 AVIATION Bloomberg (JAKARTA] PT Garuda Indonesia, the nation's biggest airline, said its European lenders are asking the Indonesian government to help provide funds for the delayed payment of US$5l5 million in debt the carrier owes them. "They want the government
      Bloomberg  -  329 words
    • 130 17 Bloomberg [LONDON] Rolls-Royce Group Pic won an order valued at as much as US$65O million to power Boeing Co 787 airliners for FL Group Hf s Icelandair unit, Iceland's biggest airline. Rolls-Royce will supply Trent 1000 engines for two 787 aircraft and as many as five
      Bloomberg  -  130 words
    • 546 17 Navy and builders working to slash cost by US$1b for each destroyer Reuters [WASHINGTON] General Dynamics Corp and Northrop Grumman Corp have told the US Navy they can pare the cost of each new DD(X) destroyer by US$l billion by the
      Reuters  -  546 words
    • 171 17 AFP [ISMAILIYA, Egypt] A cargo ship blocked traffic in the Suez Canal yesterday after it experienced steering problems. It ran aground across the waterway, an official with the canal authority said. Traffic was interrupted at 11.15 am (0915 GMT) after the Hong Kongflagged
      AFP  -  171 words
    • 281 17 SGX '000 we ss vol CH Offshore .0.40 unch 1380 Chuan Hup .0.39 -0.01 1461 Cosco Corporation 125 -0.04 9469 CWT Distribution .0.92 -0.01 70 Ezra Hldgs .2.01 -0.01 936 Freight Gnks. 0.07 unch ***** Grand Banks Yacht 0.91 0.01 30 Jaya Holdings 1.27 0.01 2564 Kf Venture
      281 words
    • 688 17 RED SEA FERRY SINKING AP [CAIRO] The presidential spokesman said on Tuesday that the owners of the Red Sea ferry that sank, drowning about 1,000 people, did not inform the government that the ship had sunk for nearly six hours after it went down.
      AP; AFP  -  688 words
    • 284 17 Bloomberg [WELLINGTON] Freightways Ltd, New Zealand's second-biggest courier company, said first-half profit rose 20 per cent as it increased market share. The outlook for the New Zealand market "will remain challenging", the company said. Net income in the six months ended Dec 31 rose to
      Bloomberg  -  284 words

  • EDITORIAL & OPINION
    • 524 18 EDITORIAL „YVHEN asked if the Australian Cabinet would allow Singapore Airlines (SIA) to fly the Sydney-Los Angeles route when it meets next month, one wit quipped that it's more likely to snow in Sydney before that happened. Not many people seem able to recall
      524 words
    • 950 18  -  Industry expected to account for 6.5% of country's projected GDP in 2010 AL LABITA Manila Correspondent OUTSOURCING demands of multinationals are proving to be a goldmine for the Philippines from millions, it is now grossing billions in just a few short years. Revenues chalked
      FILE PHOTO  -  950 words
    • 760 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group AMERICA'S annual budget debates, begun anew with President George W Bush's proposed U552.77 trillion budget for 2007, have increasingly become exercises in political theatre. They certainly aren't intended to bridge the gap
      The Washington Post Writers Group  -  760 words
    • 950 19  -  WTO members must now make real progress in bridging the fundamental divisions in the Doha negotiations By ROB PORTMAN AFTER more than four years of negotiations with no breakthrough on the toughest issues and a failed ministerial meeting in Cancun, expectations for the Hong Kong
      AFP  -  950 words
    • 476 19  -  LETTER TO THE EDITOR Leong Sze Hian I REFER to the article "Employment hits all-time high of 2.3 million" by Anna Teo (BT, Feb 2). It has often been asked whether the inflow of cheap, low-skilled foreign workers into Singapore over the years has
      476 words
    • 1397 19  -  By ALEXEI BARRIONUEVO NYT FROM fast cars to rugged adventure trips to US$6.4 million in bonuses, Enron was a dream maker for Kenneth D Rice. While he was still in his 30s, Rice, a former Nebraska farm boy and high school jock, pocketed millions
      NYT; BLOOMBERG FILE PHOTO  -  1,397 words


  • 10728 20 SGX MAINBOARD Transaction date: Feb 8 X«L Int Vol Day Last Quota GrtXv Mv GrYW Nat MCap High Law Coda Company Sala fOPO) High low Hiym Saiar Cvr fit SnS 6.5 2 5716 1st Software 5c 3 unch ***** 3 3 2.5 3 jj.l 20 6 3148 8TelecomUS2c
    10,728 words

  • 6165 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy Syr *dy Syr F»b7 lnd«x Change Change Change Change Change Change World Index Preliminary 991.5 -0.4 2.3 -0.4 0.6 -0.4 2.8 SAFE Prehninaiy 1006.8 -07 3.5 -0.2 23 -03 4.5 Europe Preliminary *****
    6,165 words

  • Page 22 Advertisements
    • 745 22 ?j^il^^BßHl Z5Tv NYK GROUP SOUTH ASIA PTE LTD Aim r»p TEL: 6295 0123 IV JL Aumx M O li LINE Fax: 6292 2856 (Regional sates) 6239 7109 (OPS)/ 6299 5785 (Documerrtation) NIPPON YUSEN KAISHA TOKYO KM>AJCU KASHA. UD (C/RNO **********06) UK CONTINENT SERVICE U.3.A SERVICE Destination Destination C BRAVE ATW/RTM/BMN/TIB/NAN
      745 words
    • 392 22 p[\ DONGNAMA LINE SSMVICK VKSa (EVERY WB» VOY |SGP HK RK PUS ZOE GLORY UN 15/0? 19/02 24/02 27/07 AEGEAN EXPRESS MM 22/02 24/02 03/03 19/03 MIXHRL 602W |01/031 05/03 10/03 13/03 VfSSaffVBYSIM) VOY |~SGP MS KOtt HADUH HU227 12/02 14/02 KOTAWKAMM WRM94 19/01 13/02 KOUHARU HU449 »/R2 02/03 VESSEL
      392 words
    • 488 22 IITMAMA RORO SWViq vßsa/voT umyn) hbghtw Htc km m sw jkt siunsvßmjKovot is u 07/02 10/02 SWUTSKPttSSTIII 30 4.1 14/02 SHAHS VBffUK 04/04 15 3.2 10/03 13/03 [AUSTRALIAN RORO fWYIOI I VBSa/VOT llMrffT)! «GHTW| Ifl I I 1 STP M. HI «T I S« I Ifl COLUMIU CEAOa/D39 30 4i
      488 words

  • Page 23 Advertisements
    • 1171 23 WAN HAI NIBtNATIONAL PIE LTD a■« 144*59*0000/1 .mM TH*****15W (14UNB) FAX:*****163 VmWAN HAI LINES ssssssessksssss»L. JOH IB: (07) 251W23 NUt (07)251(921 91 IB: (031) *****75 fWt (031) *****14/ *****05 —i—t MCI M: (021) *****(1 MX: 1021) *****MPU1*: 7143((/7143tl KX: *****1 WWW.WIIHI.IW.I| jnfl-fft') """"BUI; (0*1) <150*25/*****01 wu aw w» aw «h
      1,171 words
    • 973 23 rtssh wf_ _sw_ _*t_ me khh inc trw we vtssti voi_ jfi_ Jin su» hug usn rus HYMBOGt wT 14/Z l|/2 23/2 2S/2 27/2 1/3 1/3 "«*»l MIS 12/2 15/2 14/2 21/2 2S/2 24/2 tfY VLADIVOSTOK 172S 23/2 25/2 2/3 4/3 4/311/31 l/3~| *MT( SINGATOtt 402S H/2 22/2 23/2 2S/2
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    • 820 23 m SiGIfTA WEEKLY EXPRESS SAILING SCHEDULE AMD WESTERN ICQ POINTS yusa vot siw pjuiig|coiwmo In. skv* |caow»o I ALSO KCOTNG FQ TO axm. TUTICOIBW (Vl* COIOMO) MB WU t 60*1 (VU M SHEVA) CONNKTWG MOTHBt VSIS 10 B«OK (raHSTOWI, MTTRDMII —C) AMP tAST CO*ST US* (WWTOM.NOtTHFOUtOWtBTON) *TNStKV*| vssa voy m
      820 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7839 24 This ETA ETA AdvwtiMr VmmI V«y«f» TllipNim sm Dast'n Name Hum Number NumtMr To ABIDJAN (ABJ) 2003 Cote D'lvoire 16/02 21/03 China Shpg CMACGM SEINE SX211W *****898 17/02 15/03 Delmas URSULA DELMAS 612W *****344 19/02 21/03 China Shpg CMACGM ELBE SX213W *****898 20/02 04/04
      7,839 words
  • Page 24 Advertisements
    • 486 24 VESSEL VOY SIN PGU VKSE VOY SM *T CSff 2301 0235P 06/02 08/02 PACHNTAN 9136 04/02 HZ/02 P»C MNDA ma 07/02. 07/02 Jgi M PACIANDA 1662N 08/02 09/02 Irffi /•rt OIAI AOIID AO/ao lA/AO PAC BALI 4205 13/02 16/02 92M MZJ2 UZS2_ wiHTAk —tlftr" Sgj W/ll P*C lAU 4206 20/02
      486 words
    • 482 24 I VfSSIL IVOY I PKL I SIN I KARACHI PXB BAB NHS PMM BIK I KHOR IRAN KORMSTAN PCL SIM 14/02 13/03 33/03 36/03 37/03 05/03 08/03 11/02 IRAN SHAHRYAR PCL 1123 31/03 33/03 03/03 06/03 07/03 13/03 16/03 19/03 IRAN BAABAiI PCL 1123 01/03 03/03 11/03 14/03 13/03 31/03
      482 words
    • 331 24 BSA x ■wgraggraw ji| wi|i iniMjii hi MYANMA «RM FIVE STAR UNE (Myanmar Notional Line) Loading for Yang on VESSEL VOY SM PKI PEN PGU CHIN SHWI MAW 90W SU) PAGAN 349W SU) IN MALAYSIA: lOUSTIAD SHIPPING AGENCIES KUL/PKL 03-***** Ml PEN: 04-*****1S jiMMia iMHA ACCEPTINB CONVENTIONAL CBO VESS& VOY
      331 words


  • BizIT
    • 770 26  -  It will help strengthen its share of the SME market in Asia-Pac, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY German software major SAP has set up a centre here for developing industry-spe-cific solutions for small and medium enterprises (SME) in the Asia-Pacific region, including
      FILE PHOTO  -  770 words
    • 336 26 Reuters [SAN FRANCISCO] Dell Inc and Google Inc confirmed on Tuesday they are testing a pre-installed package of Google software on Dell computers, in a potential blow to Microsoft Corp's dominance of the desktop software business. Bob Kaufman, a spokesman for Dell, the
      Reuters  -  336 words
    • 306 26  -  By WINSTON CHAI SONY Ericsson has taken some weight off its latest 3G handset, the M6ooi, while bulking up the device with business features to appeal to the mobile road warrior. At 15mm thick, the M6ooi is one of the slimmest 3G phones
      306 words
    • 488 26 Reuters (SEATTLE] Microsoft Corp said on Tuesday it plans to launch a new computer security service in June, marking the world's biggest software maker's entry into the fast-growing consumer anti-virus market. Microsoft's Windows One Care Liv 6, a subscrip-tion-based, self-updating service, will
      Reuters  -  488 words
    • 471 27  -  It opens centre to provide support for IPTV projects in S'pore and region By WINSTON CHAI WHILE launch plans for Internet TV services are still very much on the drawing board in Singapore, Alcatel is hoping to seize an early-mover advantage as the
      LIANHE ZAOBAO  -  471 words
    • 201 27 Bloomberg [HELSINKI] Freescale Semiconductor Inc, Nokia Oyj and Symbian Ltd will cooperate in designing technology allowing mobile-phone makers to develop handsets capable of handling tasks such as video calls in a shorter period of time. The companies will create a so-called reference
      Bloomberg  -  201 words
    • 404 27 Reuters [TOKYO] The chief executive of NTT DoCoMo Inc, Japan's largest mobile operator, expects spending related to its advanced mobile service to peak next year as it approaches the final stretch in an effort to move the bulk of its business to its
      Reuters  -  404 words
    • 164 27 Reuters [HELSINKI] Mobile phone equipment firm Nokia said yesterday it had won a major network expansion deal with 3 UK to help the British telecoms operator cut its network costs. The deal would expand and upgrade 3 UK's core network, increasing its
      Reuters  -  164 words
    • 518 27 Reuters [WASHINGTON] High-speed Internet providers and Internet content companies clashed before lawmakers on Tuesday, in a dispute over whether a law enshrining the right to surf anywhere on the Web would help or harm consumers. Representatives of local telephone and cable companies that offer fast
      Reuters  -  518 words
    • 406 27 It could drive transmissions 10 times faster Bloomberg [NEW YORK] International Business Machines Corp, the world's largest maker of chips for game consoles, has developed a chipset that can feed video to wireless televisions and may help IBM sustain sales to consumer electronics
      Bloomberg  -  406 words
  • Page 26 Advertisements
    • 48 26 IB|_ <MI c i jf j\ jmf u •*J; V' --<; J\ deploy HHHHHBHHHH International business technologists connecting your workplace Getronics Cisco Systems MtCfOSOft QOiD CEHTIFtCD ICT SOLUTIONS AND SERVICES I >*** 10 Hoe Chiang Road, #05-06/08 Keppel Towers, Singapore *****5 Tel: +65 6890 2828 Fax:+6s 6890 2888 sales.singapore@getronics.com www.getronics.com
      48 words
    • 20 26 IPTV the next big thing? Alcatel gets a head start by opening new support centre for IPTV projects. PG 27
      20 words

  • Page 27 Advertisements
    • 115 27 Dopod Enjoy Mobility |j/, I g v ,:4 HP O c Monday, October ,S$ q n-. f ;E> jpfomng appointments ff IN IP! '*> tee to sign into Pacbst MSN'> JMfIV :»■*<» unkx+ad ">oUH .it Mil Get more to do more. The Dopod 838. Now with a FREE 512M8 MiniSD
      115 words

  • PROPERTY
    • 480 28 Property funds now include unit trusts, partnerships, other fund structures Reuters [LONDON] British pension funds are strongly raising exposure to property as a share of all assets, showing no let-up in their appetite since the end of the *****, a senior figure in the
      Reuters  -  480 words
    • 494 28 NYT TWO real estate websites are starting to offer services that could change the way real estate is bought and sold online. One site, Zillow.com. which was introduced yesterday, will help consumers obtain more accurate real estate sales information to the consternation of some
      NYT  -  494 words
    • 1554 28 PROPERTY TRANSACTIONS BETWFFN lAN 31 AND FEB 7. 2006 PROJECT NAME/ PROP CONTRACT TENURE BUfcWNAAND PRICE PSF STREET NAME TYPE DATE Aft£A*(SQFl) (SS'OOO) (S$) District 01 NON-LANDED The Sail At Marina Bay Apt 09/12/2005 99 592 605 1022 The Sail At
      1,554 words
    • 593 30  -  The former is going for $550 psf on average and the latter, $462 psf By KALPANA RASHIWALA AFTER the Chinese New Year break, two projects will be launched officially this weekend GuocoLand's The Stellar condo at Pasir Panjang, on the former Greenacres
      FILE PHOTOS  -  593 words
    • 300 30 [HONG KONG] The management of Link Reit is looking to refinance its HK$l2 billion (552.5 billion) loan facility provided by HSBC during the initial public offering last year with a five-year debt facility, the South China Morning Post quotes sources as saying. The
      300 words
    • 269 30  -  By KALPANA RASHIWALA CHEANG Kok Kheong, formerly chief operating officer of MCL Land, has joined Centrepoint Properties as its general manager (development property). In doing so, Mr Cheang is following in the footsteps of his former boss, Lim Ee Seng. Mr Lim left MCL Land,
      269 words
  • Page 28 Advertisements
    • 293 28 Freehold Residential Site pCi I 111 I I I I I I I I I [I Science Park University of Singapore p. Site Area: 63,707 sq ft (approx) ge Plot Ratio: 1.4; up to 5 storeys Walking distance to Pasir Panjang MRT station pT/Tp I p V\ Near amenities and
      293 words

  • Page 29 Advertisements
    • 1463 29 £0 NOTICES BUY IT-SELL IT-FIND if G. K. GOH HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****0184 D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of G. K. Goh Holdings Limited (the "Company") will be held at Straits Room,
      1,463 words
    • 3115 29 CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD ■PlSftiift (JMott) Bftfflßttfl (Incorporated in the Republic of Singapore) Company Registration Number: *****3293Z IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 1990t2006/X IN THE MATTER OF CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD (Company Registration No. *****3293Z) And In the Matter
      3,115 words

  • Page 30 Advertisements
    • 263 30 ALEXANDRA ROAD MIXED USE DEVELOPMENT SITE FOR SALE BY TENDER \\V Prime location at Alexandra Residential with Ist storey Commercial Qumwow* \v\ \2v H Freeho,c n v\ n Site Area approximately W 50,838 sq ft T«MMk Vv Th.. /y Plot Ratio 3.0 Height control up to 4 storeys Walking distance
      263 words