The Business Times, 10 February 2006

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Total Pages: 30
1 30 The Business Times
  • 13 1 THE BUSINESS TIMES SINGAPORE online at http://business-times.asial.com.sg Friday, February 10,2006 MICA (P) 089/03/2005
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  • 679 1  -  Move will better safeguard interests of minority unit holders, some believe By LESLIE YEE [SINGAPORE] Listed real estate investment trusts (Reits) could soon be covered by the takeover code in a move some players believe would better safeguard the interests of minority
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  • 539 1  -  DBS Bank likely to spearhead new asset class By SIOW LI SEN [SINGAPORE] The Singapore Exchange is poised to list its first business trust a new investment class through which the assets of a business are held in a managed trust that is
    539 words
  • 180 1 [SINGAPORE] Singapore's 2005 economic report card will be released next Thursday, one day before the Budget is presented. Economic growth for the year has been estimated at 6 per cent, following the recent change in the base year for computing the value of goods and
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  • 140 1 sn 2,431.62 (+3.37) ST INDEX FUTURES 2,435.00 (+3.00) SIMSO 288.43 (+0.88) SIMSO FUTURES 288.20 (40.50) MARKETS Thursday Change KLSECOMP 920.63 +1.71 NIKKEI 225 16,439.67 +166.99 HANG SENG 15,413.43 +39.99 SET INDEX 733.14 -1.49 JAKARTA COMP 1,246.64 +8.47 MANILA COMP 2,083.65 +22.73 SEOUL COMP- 1,321.66 +10.67 SHENZHEN B 250.68
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  • Page 1 Advertisements
    • 45 1 SOUTHERN BANK M'sian lender seeks \£jbL, 8 HI v MOiW J| -i jM K ajjP „*.JB 3Sm*§M l j£L Starting tomorrow, BT brings you a special four-part series on the sports industry in focusing on the business and the opportunities available to the private sector.
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    • 7 1 COMMENTARY Don't rule out Channel Sin£M PGS
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    • 81 1 KM CHINA AVIATION Shareholders support ■flv move to retain Gulfcnfei PGS ROAD PRICING 13A, Mitsubishi to take system abroad PGIO w\ Z Am m There are an estimated 600,000 single people in Singapore. For corporate marketeers and dating services* the potential of the market is limited only by their imagination.
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  • TOP STORIES
    • 566 2  -  By DANIEL BUENAS SINGAPORE] The government will jfet up a ministerial committee on jiAmmunity engagement, chaired by Bleputy Prime Minister Wong Kan Sfeng, as part of a broader effort to help build community ties and harden Singapore against terrorism, Prime Minister Lee
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    • 684 2  -  Move comes a day after it calls off merger talks By S JAYASANKARAN •©Kuala Lumpur A last-ditch move to fight a hostile takeover by •Jumiputra-Commerce JWCB), Malaysia's Southern •jiank (SBB) has signalled its Jljtention to invite a white •{fright to make
      684 words
    • 800 2  -  By ALEXANDRA HO m Las Vegas >CLTHOUGH it is busy builda casino resort in MaMGM Mirage promises make the Marina Bay inyfegrated resort (IR) its ♦Jsian flagship if it wins the £fcjd with its partner, Singapore's Capita Land. Without divulging specifics, MGM's chairman
      BLOOMBERG  -  800 words
    • 534 2 S'pore to pump up sports into an industry SINGAPORE wants to grow sports into a significant part of its economy one that will create jobs and bring in investments on its own as well as through overlaps with other industries like education, media and tourism, says Singapore Sports
      534 words
    • 706 4  -  Govt to seed growth, but private sector participation is essential By NANDE KHIN [SINGAPORE] Singapore wants to grow sports into a significant part of its economy one that will create jobs and bring in investments on its own as well as through
      YEN MENG JIIN  -  706 words
    • 489 4  -  By VEN SREENIVASAN [SINGAPORE] Singapore Mint president and chief executive Chong Phit Lian will take over as chief executive officer of Qantas-con-trolled budget airlines Valuair and Jetstar Asia next month. Orangestar, the holding group that controls the carriers, said yesterday Ms
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  • Page 2 Advertisements
    • 44 2 'S\ stir the pot m order to put pressure on the nation's politicians to do their best? Steve Forbes* CEO of Forbes f magazine and two-time US presidential aspirant In The Raffles Conversation tomorrow. BY APPOtNTMCNT TO her majesty PURVEYORS OF CHOCOLATES PREstat FINE
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  • Page 4 Advertisements
    • 214 4 ■K §;t§ -I gill -HI llflpa III! |^MW-~Vi ill ■s^M^zraa Join our Driveaway to Hyatt Kuantan from 11 -13 March! Eveiy P art WpatMT\^B mm "'"I" receive a 8 9H tes« I goodie bag worth H I Eur e I M SlMCa 'h Voucher /HI Saver P re and Post
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  • COMPANY NEWS
    • 293 5 Reuters ASIAN commodities trader Noble Group has suspended two traders at its aluminium business after it discovered that loss-making trades were intentionally misrecorded, the firm said yesterday. Hong Kong-based Noble said in a statement it had quantified the resulting losses and believed that,
      Reuters  -  293 words
    • 861 5  -  Others wonder if move suggests CAO is making light of charges against her By MICHELLE QUAH THE decision by China Aviation Oil (CAO) to retain special task force head Gu Yanfei as a director amidst a proposed board reshuffle has raised a number of
      861 words
    • 557 5  -  Company says Pacific ops its main growth driver By WONG WEI KONG NEWLY listed China Fishery yesterday announced a 74 per cent jump in fullyear earnings, after its shares surged as much as 77 per cent in just two weeks. China
      Source: Bloomberg  -  557 words
    • 584 5  -  By ROLAND LIM LAST year, Singapore Telecommunications' (Sing Tel) then consumer business executive vice-president, Lim Chuan Poh, said that the telecoms company would decide by the end of 2005 whether or not to launch a pay-TV service. It is now 2006, and there is no
      584 words
    • 324 6  -  CORPORATE RESULTS Exceptional gains from stake sale in HK unit lifts profit; 9-month earnings up 161% to $25m By VEN SREENIVASAN MAINBOARD-LISTED Sincere Watch reported a more than six-fold leap in its third-quarter earnings to $15.7 million from $2.5 million, thanks to exceptional gains from
      324 words
    • 323 6  - Elec Eltek posts 25% rise in Q2 earnings Profit for the first half up 21% as revenue rises 12% By NANDE KHIN HIGHER shipment volume has helped Elec Eltek International to register a 25.8 per cent year-on-year rise in net profit to U5513.82 million for its second quarter. The U5513.82
      323 words
    • 323 6  -  By WONG WEI KONG VENTURE fund K1 Ventures, an associate of Keppel Corp, saw second quarter earnings fall due to investment gains in the previous year. K1 said net profit for the second quarter and half year ended Dec 31, 2005, was $8.6 million
      323 words
    • 305 6  -  By CHEN HUIFEN BOOSTED by strong sales in Europe and North America and a wider range of higher-value products, furniture maker Koda Ltd yesterday posted a 45.6 per cent year-on-year rise in net profit to $3.59 million for its first half-year ended
      305 words
    • 401 7  -  CORPORATE RESULTS Group set to ride on recovery in home buying sentiment By KALPANA RASHIWALA BUKIT Sembawang Estates, often dubbed the "King of Seletar Hills" because of its massive landbank in the area, yesterday reported dramatic improvements in its results for the third quarter
      401 words
    • 447 7  -  But charges in Q1 result in US$2.5m full-year loss By CHEN HUIFEN LMA International, the Netherlands-incorporated airway devices maker that was listed on the Singapore Exchange main board in March last year, yesterday posted a fourth-quarter net profit of U556.42 million, 9
      447 words
    • 232 7 PRECISION-MACHINED components and assemblies solutions provider Spindex Industries yesterday reported a 5 per cent increase in net earnings on the back of a 6 per cent rise in turnover for the six months ended Dec 31, 2005. Earnings rose to $1.33 million from
      232 words
    • OTHER RESULTS
      • 70 7 ELLIPSIZ Ltd yesterday reported profits for the first six months ended Dec 31,2005 up 8 per cent to $5.6 million. Revenue was up 35 per cent to $81.7 million. The company expects "positive contributions" in the second half of the fiscal year from
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      • 63 7 UNlSTEELTechnology yesterday reported a 43.4 per cent jump in net profit to $41.1 million for 2005. Revenue rose 49.1 per centto $185.9 million. Unisteel announced a 1 -for-4 bonus issue and a final and a special dividend totalling 4.5 cents per share (tax exempt). Looking
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      • 56 7 GP INDUSTRIES saw profit attributable to shareholders for the third quarter ended Dec 31,2005, fall 73.5 per cent to $2 million from the previous corresponding period. Q3 net profit in the previous financial year was boosted by an exceptional gain of $10.1 million. Revenue
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      • 45 7 KARIN Technology announced a 12 per cent increase in net profit to HK$16.2 million (S$3.4 million) for the six i* months ended Dec 31,2005. Group revenue fell 8.7 per X centto HK$564.5 million over the same period. '2p
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      • 38 7 MULTIVISION Intelligent Surveillance's net profit rose a marginal 0.1 per cent to HK$8.6 million (S$l .8 million) for its third quarter ended Dec 31, 2005. Revenue rose 30 per cent to HK$49 million.
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      • 58 7 BIL International reported a 32.6 per cent fall in net profit for the second quarter ended Dec 31,2005, to US$14.9 million. For the six months ended Dec 31, 2005, BIL's net profit fell 5.5 per cent to US$30.7 million. Revenue in 2Q
        58 words
      • 49 7 SURFACE Mount Technology (SMT) achieved profit attributable to shareholders of HK$37.5 million (S$7.9 million) for its third quarter ended Dec 31,2005, up 4.2* 2 per cent from the previous corresponding period. SMT's* revenue for Q3 rose 4.1 per cent to HK$669.8 million.
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      • 62 7 INTRACO'S profit attributable to shareholders jumped ''V 250 per cent to $5.76 miUion for the full year ended Dec 31, 2005. Intraco's commodities and semiconductors business units contributed to the improved profitability. Z Turnover fell 7.3 per cent in 2005 to $365.95 million duiy to
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    • 347 9  -  They face maximum one year's jail or a fine, or both for each offence By CONRAD TAN THREE former managers at Nokia service centres run by Accord Customer Care Solutions (ACCS) yesterday pleaded guilty to a total of 12 charges of cheating.
      347 words
    • 400 9  -  Fall in contributions from associates and turnover cited By LESLIE YEE MAINBOARD listed Flextech Holdings reported a 53 per cent drop in full-year net profit for 2005 to $6.16 million due mainly to reduced contributions from associated companies and lower turnover.
      400 words
    • 233 9 Reuters [JAKARTA] Indonesian shipping company PT Berlian Laju Tanker Tbk plans to list its shares in Singapore by April to raise funds for its expansion, a senior company official said yesterday. The firm hopes to raise between US$lOO million
      Reuters  -  233 words
    • 316 9 SINGAPORE Technologies Electronics (ST Electronics) has announced a partnership with Tata Consultancy Services (TCS) for the marketing of IT (information technology) solutions developed jointly by the two companies in the regional market. ST Electronics is the electronics arm of Singapore Technologies Engineering,
      316 words
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  • Page 6 Advertisements
    • 394 6 sSR STAR Pharmaceutical Limited Incorporated in Singapore on 10 January 2005 Z" Company Registration Number: *****0429W < STAR Pharmaceutical Limited is engaged in the manufacture and sale of both Western and TOM- formulated prescription drugs. OurnwAetis V primarily in the PRC and we sell to hospitals, clinics and pharmacies throughout
      394 words

  • Page 7 Advertisements
    • 27 7 fTT SSH Corporation Ltd. jBSB Supplying The Integrated Needs of The Global Oil Gas, Infrastructure, Petrochemical Co. *****0985 C http://www.sshcorp.com.sg l 19 Jurong Port Road Singapore *****3
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  • SINGAPORE MARKETS
    • 495 8  -  STOCKS The dominant and recurrent themes of China and oil stocks are starting to wear thin R SIVANITHY Senior Correspondent GO WITH the flow and hope for the best" seems to be the preferred theme these days, judging by the rapid-fire rotational
      Source: Bloomberg  -  495 words
    • 743 8 Compiled by BT SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Feb 9 and earlier) Stibsantial No of Price SHAREHOLDING Shareholder/ Buy I Shares Per Stock Trans Pate Director Sell '000 ShrS 00°) PCATech 8-Feb-06 Ng Yiak Meng *Buy 500 na ***** 13.19 ***** 13.41 Eastern Hldgs 8-Feb-06 Janet
      Compiled by BT  -  743 words
    • 62 8 DIRECTOR Tan Eng How has increased his deemed interest in Hotel Grand Central from 45.62 per cent to 50.47 per cent. This came about because of the receipt of scrip dividend by Tan Chee Hoe Sons Sdn Bhd and Aditan Holdings
      62 words
    • 64 8 FUND manager Aberdeen Asset Management and its subsidiaries, on behalf of accounts managed by the group, has increased its deemed interest in City Developments from 5.025 per cent to 6.02 per cent. The Aberdeen group saw the number of shares in which it has
      64 words
    • 61 8  -  Compiled by LESLIE YEE CHARTERED Asset Management has reduced its deemed interest in Meiban Group from 6.31 per cent to 4.89. The change in deemed interest arose through open market sale of shares effected on Feb 7 and 8. Last month, Meiban
      61 words
    • Article, Illustration
      892 8  -  Compiled by LESLIE YEE Jadason Enterprises Feb 9 dose: 550.15 KIM ENG RESEARCH. Feb 9 JADASON Enterprises is a laggard among the printed circuit board (PCB) stocks. Jadason has underperformed PCB stocks like MultiChem, Eucon and Elec Eltek, which have rallied between 20 per cent and 100 per cent
      Source: Bloomberg  -  892 words
    • 510 8  -  CURRENCIES LARRY WEE Senior Correspondent A SOLID overnight comeback for gold prices helped to improve the tone for commodity currencies yesterday, while European currencies were largely sidelined, and the US dollar had a mixed session versus its Asian counterparts. In terms of fresh
      Source: Reuters  -  510 words

  • Page 9 Advertisements
    • 858 9 LMA™ LMA International N.V. (incorporated with limited liability in the Netherlands Antilles on July 28,1998) LMA ACHIEVES SOLID SALES AND PROFIT GROWTH IN FY2005 Summary of LMA's Financial Performance Three months ended December 31, Year ended December 31, (USS'OOO) i 2005 2004 Change 2005 2004 Change Net sales 22,110 53
      858 words

  • SINGAPORE NEWS
    • 412 10  -  Partners to market solution to urban authorities in other countries By SAMUEL EE NfSI Global, a consultancy owned by the Land Transport Authority, has signed a memorandum of understanding with Japan's Mitsubishi Corp and Mitsubishi Heavy Industries to market Singapore-style integrated urban road
      FILE PHOTO  -  412 words
    • 218 10 THE Lien Foundation will donate $6 million over five years to fund the establishment of the Lien Foundation Centre for Social Innovation at Singapore Management University, which will be Asia's first centre for social innovation. The centre will focus on supporting the
      218 words
    • 376 10  -  By RONNIE LIM IN a respite for motorists, pump prices for petrol and diesel have been cut by four and five cents per litre respectively, with Shell leading the industry-wide reductions late on Wednesday. The retail price cuts mirror falls in
      376 words
    • 457 10  -  By SIOW LI SEN EULEEN Goh, the outgoing chief executive of Standard Chartered Bank Singapore, is keeping mum on her next move beyond saying she is far from going into retirement mode. In the meantime, Ms Goh, one of the rare women
      457 words
    • 337 10  -  By AMIT ROY CHOUDHURY A GUIDEBOOK was launched yesterday to help companies here navigate the India-Singapore free trade agreement (FTA) that was sealed last June. The guide traces the origins of the Comprehensive Economic Cooperation Agreement (CECA) and summarises its various provisions. Speaking at the
      337 words
    • 301 10  -  By CHEN HUIFEN CITIBANK is targeting to grow its clientele of smalland medium-sized businesses (SME) by at least 35 per cent this year with an array of products and services that are traditionally offered to larger corporations. These include high-yield current accounts, real
      301 words
    • 423 11  -  They're Haig Gardens, and Kai Sheng Court with two semi-Ds By KALPANA RASHIWALA ANOTHER two sites have been added to the collective sale market Haig Gardens in Katong, with an asking price of about $50 million, and Kai Sheng Court and an adjoining
      423 words
    • 229 11  -  By KALPANA RASHIWALA A SIX-STOREY freehold service apartment block in Tiong Bahru was snapped up on Wednesday at an auction for $10.2 million. The property at 3 Seng Poh Road was bought by a small investor who was represented by a lawyer, according to
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    • 6396 11 UNIT TRUSTS FUNDS ABM A/nro Asset Mgt (S'pore) Star Ei*ope Eqty! 0.885/ Star Europe Bond 1-176/ Star Euope Bal 1.146/ Star Asian Tiger Eqty 1-159/ Star Asia Bond 1.307/ Star Asia Balanced 1 -075/ Star Global Technology Fund!" 0.21/ Mult) St Ed 1 053/ Star Asia Bond(USD) 0.803/ GlbMutoStUSD 1.133/
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  • Page 10 Advertisements
    • 860 10 aecoWise HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Registration No. *****9835 C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2006 Annual General Meeting of the shareholders of the Company will be held at 18 Cross Street Bth Floor Marsh McLennan Centre Singapore *****3 on Monday,
      860 words

  • Page 11 Advertisements
    • 52 11 jfl I Holding an auction? Call 1800 289 8822 or email notiees@sph.eom.sg to book your auction notice in our newspapers now. [t5AT3^k NOTICES 8 I 3 1 AllianzGI Global High Payout Fund rated 4 stars Allianz (jfi) by Mercer Investment Consultinq. Visit OCBC Bank for details. ciobaiinvestors J company regn.
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  • ECONOMY WATCH
    • 668 12 More evidence shows deflation has ended Bloomberg [TOKYO] The Bank of Japan (BOJ) will keep pumping cash into the economy and 1 hold interest rates at almost zero as policy-makers gather more evidence that deflation has ended. The central bank's board kept
      Bloomberg; AFP  -  668 words
    • 539 12 Reuters [TOKYO] Buyout activity by private equity funds in the Asia-Pacific excluding Japan hit a record level in 2005, and they gathered enough firepower to seal more deals this year, according to a new report. Buyout funds, which aim to purchase
      Reuters  -  539 words
    • 611 12 Reuters [BEIJING] The World Bank yesterday painted a rosy picture of China's economic prospects, playing down fears that excess capacity could derail growth and voicing confidence that the politically troublesome trade surplus is cresting. In its latest quarterly economic update, the bank forecast gross
      Reuters; BLOOMBERG  -  611 words
    • 591 12 Bloomberg [JAKARTA] Indonesia's government forecasts foreign investment will probably increase 12 per cent this year and help spur growth in South-east Asia's biggest economy. The government expects to attract about US$lO billion of overseas investment this year up from US$B.9 billion
      Bloomberg  -  591 words
  • Page 12 Advertisements
    • 880 12 >AT^ NOTICES In the matter of The Companies Act, Cap. 50 And In the Matter of CHENG ENGINEERING EQUIPMENT PTE LTD (Company No. *****6102Z) (Incorporated in the Republic of Singapore) NOTICF TO CRFDITORS OF MEETING Notice is hereby given, pursuant to Section 296 of the Companies Act, Cap. 50, that
      880 words

  • MALAYSIA
    • 535 13  -  Second-board gas appliances firm in the midst of boardroom tussle By PAULINE NG in Kuaia Lumpur BURSA Malaysia yesterday warned investors to exercise caution in the trading of shares of TH Hin Corporation, a company associated with former Securities Commission chairman Ali
      535 words
    • 2398 13 VOL mi i w- on AftMRealty 1.40 -0.01 6 Abric 034 unch 40 ACP Industries ..~0.« 0.01 357 Advance Synergy 025 undi 270 Advenca.. 0.28 -0.02 428 AEMuki .036 0.01 520 Affin Hldgs 164 unch 634 Ahmad Zaki Res 1.26 undi 36 AJCCorp 1.14 unch 9 Air Asia
      2,398 words
    • 307 13 AFP. Reuters [KUALA LUMPUR] Malaysian palm oil producer Kulim will build two biodiesel plants, including Singapore's first, amid higher prices of fuel and increasing demand for alternatives, reports said yesterday. The biodiesel plants in southern Johor state and in Singapore will be built
      AFP.; Reuters  -  307 words
    • 541 13  -  By PAULINE NG in Kuala Lumpur MALAYSIA'S manufacturing exports appear to be on the mend, but a slow pickup in private investments continues to cast a shadow on the country's business climate, said an economist. The rise in the middle of last year in
      541 words
    • BRIERY ASIA
      • 63 13 AFP [SHANGHAI] A study has found nearly 15 per cent of teenagers in China's economic hub of Shanghai have become addicted to the Internet and online games, state press said yesterday. The survey, conducted by the Shanghai Youth Federation across 35 schools, also
        AFP  -  63 words
      • 81 13 [HONG KONG] The planned spinoff of Hutchison Whampoa's 3 Italia unit will depend on efforts to bridge a gap of as much as 2 billion euros (553.9 billion) between what the parent company and fund managers think the Italian third-generation (3G) mobile phone company
        81 words
      • 55 13 Bloomberg [HONG KONG] Francis Leung, Citigroup Inc's chairman in Asia, will leave the world's largest financial services company by market value this month after five years with the firm, according to a banker familiar with the decision. Mr Leung. 51, will continue to
        Bloomberg  -  55 words
      • 56 13 Bloomberg [NEW YORK] Wipro Ltd, India's third-largest software services company, said it is "very actively looking" at selling more American depositary receipts (ADRs) in the United States. "There is a demand from more and more investors that there should be more ADRs,"
        Bloomberg  -  56 words
  • Page 13 Advertisements
    • 1937 13 S NOTICES BUY "T SELL IT f!ND H IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GABRIELLA TRANSPORTATION Pit. LTD. Co. Rag. No. *****9130 M (INCORPORATED IN SINGAPORE) (IN MEMBERS' VOLUNTARY WINDING UP) NOTICE OF SPECIAL RESOLUTIONS At on Extraordinary General Meeting of the
      1,937 words

  • GREATER CHINA
    • 533 14 Release of rules latest step in liberalisation of financial markets Reuters. Bloomberg [BEIJING] China's central bank published rules yesterday permitting yuan interest rate swaps, the latest step in the liberalisation of the country's financial markets. Chinese banks have been awaiting the
      Reuters.; Bloomberg  -  533 words
    • 420 14 Reuters [SINGAPORE] Morgan Stanley, Merrill Lynch and rival investment banks are jostling to underwrite a US$lO billion listing of Industrial Commercial Bank of China (ICBC), potentially the mainland's biggest IPO and one that could yield US$3OO million in banking fees. China's top commercial
      Reuters  -  420 words
    • 471 14 Reuters [SINGAPORE] China's top national oil company is seeking a major investment breakthrough in Canada's oil sands this year, as the massive resources in the North American country offers it a potent supply option. But China National Petroleum Corp (CNPC), which has spent
      Reuters; AP  -  471 words
  • Page 14 Advertisements
    • 54 14 ItlA >^^BE- ,^y'*" v wtflt A 1 /1 w M flr j 1 With SPH Integrated Marketing Solutions that are customised V 3 Singapore .W* I^IfPHP^ 911 to suit your every need, you can ever? se// sand to Arabs. Press Newspapers Online Outdoor Magazines Radio WAP f 1" r m.
      54 words

  • INDIA
    • 409 15 JP Morgan set to launch asset management company in H2 Economic Times [MUMBAI] An increasing number of foreign entities, including some which had earlier exited India, are now looking to enter the asset management space here. These include JP Morgan, AIG, Lazard, Goldman Sachs and
      Economic Times  -  409 words
    • 335 15 Reuters [DHAKA] Plans by Indian industrial giant Tata Group to invest US$2.5 billion in Bangladesh were stalled after negotiations with Dhaka over the price of natural gas faltered, the two sides said yesterday. "We could not reach agreement mainly on gas pricing and there will be
      Reuters  -  335 words
    • 372 15 Reuters [NEW DELHI] A landmark nuclear cooperation deal between India and the United States has run into serious trouble, with Washington playing hard ball and India's atomic energy establishment raising objections to the terms of the deal. Now Indian Prime Minister Manmohan Singh has
      Reuters  -  372 words
    • 314 15 [MUMBAI] The Citi group will use two of its nonbanking finance subsidiaries Citi Corp and Citi Financial to increase its exposure to small scale industries in a move to fulfill its priority sector lending target. The bank has also applied for branch licences
      314 words
  • Page 15 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 923 16 Says he's willing to amend Constitution if majority of people want it By Our Bangkok Correspondent THAI Prime Minister Thaksin Shinawatra, marking the fifth year of his premiership yesterday, said he will stay in office until his term ends in three years, but is willing
      AF  -  923 words
    • 410 16 AFP [BANGKOK] Thai media tycoon Sondhi Limthongkul, once one of Premier Thaksin Shinawatra's staunchest supporters, has become his leading critic and a rallying point for those calling for his resignation. Wearing a white headband and a white T-shirt, the 58-year-old shouted himself
      AFP  -  410 words
    • 267 16 Reuters IKUALA LUMPUR] The kingdom of Brunei has vowed to pursue its exiled Prince Jefri to return more of the billions of dollars he is accused of squandering while heading the state investment arm. The Brunei Investment Agency (BIA) said its former boss, under
      Reuters  -  267 words
    • 272 16 Bloomberg [CANBERRA] Telstra Corp. Australia's biggest telephone company, said firsthalf profit fell 11 per cent as customers abandoned its fixed-line business for cheaper mobile phones and Internet services. Net income declined to A 52.14 billion (552.58 billion), or 17.3 cents a share,
      Bloomberg  -  272 words
    • 403 16  -  By Neil Behrmann in London ASIAN and other foreign hedge funds generated 30 per cent ofbroker commissions in Hong Kong, Singapore and other Asian financial centres in the past year. But activity could abate this year, as hedge funds and institutions are generally more
      403 words
    • 396 16 LATEST US DATA Reuters [WASHINGTON] US jobless claims rose less than expected last week in the latest sign of tightening labour markets which may prompt the Federal Reserve to lift interest rates to 5 per cent before pausing. The Labor Department said yesterday
      Reuters  -  396 words
  • Page 16 Advertisements
    • 586 16 r CWT CWT DISTRIBUTION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0498 M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of CWT Distribution Limited (the "Company") will be held at No. 24 Jurong Port Road, #03-00 Office Block p CWT
      586 words

  • WORLD
    • 689 17 AP [AUSTIN, Texas] The Internet search sector may be dominated by corporate heavyweights such as Google Inc, but that has not stopped the sector from emerging as a hotbed of entrepreneurial activity. "It's a great time (to start a searchrelated company), although
      AP  -  689 words
    • 505 17 They will cut cost of applications that require lots of data processing NYT [NEW YORK] International Business Machines (IBM) is betting on video game technology to bring supercom-puter-calibre visualisation tools to its mainstream corporate market and to reduce the computing costs of
      NYT  -  505 words
    • 551 17 AP [LOS ANGELES] The veteran Irish rock band U2 captured the limelight on Wednesday night at the 48th Annual Grammy Awards, winning five awards and overshadowing the comeback story of the evening, Mariah Carey, and the producer-turned-rap-per Kanye West. The awards also bestowed
      AP  -  551 words
    • 242 17 Reuters [NEW YORK] Some Time Warner Inc investors on Wednesday shrugged off a breakup plan crafted by billionaire investor Carl Icahn, and highlighted flaws in his case to break up the world's largest media company. The tepid response comes a day after Mr Icahn
      Reuters  -  242 words
    • 604 17 Reuters [NEW YORK] News Corp's quarterly profit nearly tripled, boosted by the sale of an education-publishing unit, which masked plunging profits in its film and newspaper divisions. Layoff costs at some UK newspaper printing plants and tepid home video sales reduced
      Reuters  -  604 words
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    • 560 17 I on LINDETEVES-JACOBERG LIMITED (Incorporated in the Republic of Singapore) (Company Registration No *****0172G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the "EGM") will be held at 7 Temasek Boulevard, #11-01 Suntec Tower One, Singapore *****7 on 27 February 2006 at 10.00 a.m.
      560 words

  • AVIATION
    • 542 18 Higher after-service sales helped; Asia is key growth market for all its sectors Reuters [LONDON] British engine maker Rolls-Royce posted a 2005 operating profit of £679 million (Ssl.9 billion) yesterday, a jump of 40 per cent, helped by higher af-ter-service sales. The underlying operating
      Reuters; REUTERS  -  542 words
    • 417 18 Bloomberg [FRANKFURT] SAS Group, owner of the Nordic region's biggest airline, posted a fourth-quarter profit after cutting costs in a reorganisation and selling more tickets by lowering fares. The company said it will not pay a 2005 dividend. Net income attributable
      Bloomberg  -  417 words
    • LOG BOOK
      • 97 18 Bloomberg [HONG KONG] Hong Kong Air Cargo Terminals Ltd (HACTL), the city's biggest air freight company, handled 10 per cent more cargo in January than in the same month last year because of an increase in exports. Overall cargo volume rose to 191,488
        Bloomberg  -  97 words
      • 74 18 AP [KUALA LUMPUR] Passenger volume at Malaysia's airports rose 5.4 per cent from the previous year to 41.6 million people in 2005, according to data released on Wednesday. Malaysia Airports Holdings Bhd, which operates 38 airports in the country, did not give reasons
        AP  -  74 words
      • 47 18 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd is delaying a plan to fly to Manchester, England via Moscow as it doesn't yet have rights for the service The airline needs to complete "regulatory formalities regarding Manchester", it said yesterday. Bloomberg
        Bloomberg  -  47 words
    • 282 18 Reuters [LONDON] British airport operator BAA Pic will vigorously defend itself against any takeover bid by Spain's Grupo Ferrovial, a source familiar with the matter said yesterday. "It is hard to see what anyone can do that they (BAA) haven't considered or
      Reuters  -  282 words
    • 238 18 AFP [SINGAPORE] Travel bookings in Asia hit a record in 2005 with more than 54.3 million reservations made, an increase of 6 per cent over the previous year, a leading industry operator said yesterday. For 2006, regional bookings are projected to grow
      AFP  -  238 words
    • 232 18 Airline conducting feasibility study on the proposal AFP [BANGKOK] Flag carrier Thai Airways International said yesterday it was considering launching a new domestic airline after reports that it would separate its domestic and international business. Thai Airways is currently conducting a feasibility study on
      AFP  -  232 words
    • 226 18 Bloomberg [TOULOUSE, France] Airbus SAS, the world's biggest aircraft maker, won an order from International Lease Finance Corp, the world's biggest aircraft lessor, for four additional A3sos, worth US$67B million at list price. Airbus at the Dubai Air show on Nov 22
      Bloomberg  -  226 words
    • 525 18 on hjwit r» nmn m> in m m ilii i iiii kUmm H S1 #0 S m rwi lin m 1 sc maws II 1 55 ISS 3ffiH Sss -'sii wi sas «jjM 8TC <*•*-- 255? 6SSS —]i tr7m 6wm Ml568 1910 MI58TT5S55 11 11 Ml
      525 words

  • SHIPPING
    • 605 19 Ports need to increase capacity by estimated 2.3 times to cope with volume surge Reuters [MUMBAI] Indian ports need to increase capacity sharply to handle a surge in trade volumes as they approach saturation in an economy which
      Reuters; BLOOMBERG  -  605 words
    • 363 19 Bloomberg [SYDNEY] Patrick Corp chief executive officer Chris Corrigan said he wants to resume talks about combining Australia's biggest port cargo handler with trucking company Linfox Group as soon as the fate of rail venture Pacific National is decided. "If Linfox is still
      Bloomberg  -  363 words
    • 866 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE Singapore Court of Appeal last week upheld a High Court judge's decision that a sham charterparty to get government dredging concessions cannot be relied on for an admiralty action, but overruled the judge on a damages award against the
      866 words
    • 328 19 New fast boats, exercises with neighbours among its moves AFP [KUALA LUMPUR] Malaysia will step up anti-piracy patrols in the attack-prone Strait of Malacca by adding up to 15 new high-speed police boats and conducting joint maritime exercises with Indonesia, Thailand and
      AFP  -  328 words
    • 238 19 AFP [BEIJING] China Ocean Shipping Co (Cosco) is in talks to own part of a major Greek port that would give it increased access to European markets, state > press reported yesterday. Cosco Hellas, the Chinese shipping giant's Greek subsidiary, has expressed interest
      AFP  -  238 words
    • 288 19 SGX WKStBM 000 F*» aw- Vol CH Offshore .0.40 -0.01 497 Chuan Hup .0.39 unch 2665 Cosco Corporation 1.25 unch 6621 CWT Distribution .0.91 -0.01 53 EzraHldgi ill 0.10 1818 Fretfitunks 0.07 unch *****: Grand Banks Yacht 0.92 0.02 12 Jaya Holdings 1-28 0.01 2316 K1 Venture!™. A41
      288 words
  • Page 19 Advertisements
    • 39 19 Special gift* for lite Special PeopU• in your Life (Uy fl Giltcd Ltcquerware, and H uuiny otfter exclusively I designed home accessories <at^__ Rivariicfa Piazzotaff mo*»liva®»ingn«t 4 HBB flj Mod Sot (10am 7pm)-' s Sundayt (11 am 5pm) naMMHti—»»——
      39 words

  • EDITORIAL & OPINION
    • 510 20 EDITORIAL THE greying of Singapore's population is a reality that cannot be ignored, and an important step has been taken with the package of recommendations just presented to the government. Turning the proposals into workable projects is just half the challenge. The other half, no
      510 words
    • 1213 20  -  The impact of GST on overseas businesses procuring goods in Singapore must be reviewed By YEO KAI ENG THE 2006 Budget will be presented to Parliament on Feb 17. Since the introduction of the Goods and Services Tax in 1994,
      FILE PHOTO  -  1,213 words
    • 800 20  -  THE BOTTOM LINE G PANICKER FORMER Indian prime minister Atal Behari Vajpayee was fond of saying that when the elephant starts running, there is no stopping, and when elephants run, the forest shakes. Of course, to him, the elephant was his country. So
      800 words
    • 1029 21  -  Strong economy, streamlining of rules lead more foreign investors to take the plunge By RAHUL RAI, ROHAN SOLAPURKAR THE potential of India as a dynamic and robust economy of over a billion people has never been in doubt. The last decade has seen
      Source: Capital Mar Group, Cushman & W India; Source: Bloomberg  -  1,029 words
    • 920 21  -  ANDY MUKHERJEE Bloomberg SUCH is the extent of overinvestment in China, say HSBC Holdings Pic economists Qu Hongbin and Sophia Ma, that the municipality of Jian in the southern Guangxi province has built an eight-lane highway in the city centre when the whole
      Bloomberg; AP  -  920 words
    • 439 21  -  LETTERS TO THE EDITOR Narayana Narayana Singapore I AM disappointed that an experienced journalist like Conrad Raj should contribute the Hock Lock Siew article "Unwise to bar media from AGMs" (BT, Feb 3) to express his dissatisfaction at the press being excluded from
      439 words
    • 217 21  -  Peter Heng Director, Corporate Communications Singapore Telecommunications We refer to the article "Star Hub fight was over principle: Sing Tel CEO" (BT, Feb 9). We would like to clarify that when Group CEO Lee Hsien Yang responded to a question at Wednesday's press briefing, he
      217 words


  • 10659 22 SGX MAINBOARD Transaction date: Feb 9 52-Wk Tal Latt Vol Day Last Quote GrOtv Mr GrYld Net MCap High Low Coda Company Sal* r«00) High Low luyar SdUr Cvr P<t Smll 6.5 2 5716 1st Software 5c 2.5 -0.5 2085 3 2.5 2.5 3 10.1 20 6 3148
    10,659 words

  • 6002 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr *dy yr dy %yr P«b8 lnd«x Chang* Chang* Ch«nq« Chang* Chang* Chang* The World Index Preliminary 985.8 -0.4 1.7 -07 0.2 -0.4 2.1 t EAftPrtfcninay 997.9 -a9 2.5 -08 1.5 -1.0 3.5 Europe PrefcninjtY
    6,002 words

  • Page 24 Advertisements
    • 1065 24 5 NYK GROUP SOUTH ASIA PTE LTD JtfYKkLINE 'I' SML LINE Fax: 6292 2856(Regional sales)/6239 7109(OPS)/6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO KWAKU KASHA. UO. (C/R NO: **********0E) UK COMTINEMT SERVICE U.S.A SERVICE Destination Destination C BRAVE ATW/RTM/BMN/TLB/NAN ELEOUSSA Sit A fS /WC HAN UN BOMBAY VCW/lAX/MZL JOHN F CAM/NFK/NOL/SAV
      1,065 words
    • 524 24 IWTitAiiA ItOtO MKViq vßsa/vor rampoo} hbghtw prc kh ui sw m STUITS VEMTU IE 03/06 15 3.2 07/0? 10/0? STUnSHPIESSTIN 30 4.1 14/02 smnsynmmo4/ot is i? n/Q3 is/03 I I AUfTHAUAH KOBO SMMCi I r—i 1 VBSa/VOT «AMPgT) I «GHTWi LP I SW I W STD MR ACE FRE JKT
      524 words

  • Page 25 Advertisements
    • 1447 25 WAN HAI INmNAIIONAL PIE LTD at NO; **********0/R A TEL *****588 (14 UMS) FAX: *****163 \M XA/AIJ II A I I lIJEQ Swvke/Bookingi Drod Line (1800) *****200 V Yl I »HII lIMI LlllC J HITH: (031 ]MtBIM FAX: (03) 3342J2H PW IE: (04) *****00 FAJL 104)*****99 IL—- JOH IB: 107)
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    • 1137 25 Vtssa VOY SIN JKT HKG KHH lIK KYH PUS VESSEL VOY 3N JKT SUI HKG DSN PUS HYWIDGt ~m ~W7 "il/T 23/7 2S/7 V/t 1/3 1/3 HW« M 'V* 16/2 21/2 25/2 ?t/? HY VLADIVOSTOK 172S 23/? 25/2 2/3 4/3 6/3 »/3 1/3 KMTC SINGAPORE 602S 19/2 22/2 23/2 28/2
      1,137 words
    • 863 25 m WEEKLY EXPRESS SAILING SCHEDULE ICQ POINTS I VtSStl 1 VOT SIM |p.KIANg|cOLOMBOIn.SHEVA I COLOMBO I also AcarnM fa ro cochm. tutkomn (via colomroi am> hurra i goa| (VIA N SHEVA) CONNKTMG MOTHER VSLS TO BROK (RUXSTOVrt, ROTTERDAM I HAMBURG) AMD EAST COAST US* (WOW TOOT. NORTHKXK I CHARIiSTOH) AT
      863 words

  • Page 26 Advertisements
    • 937 26 i I a I iu liJ W: 65-*****907 Fox: *****917 Nordana (Asia) Pte Ltd mmMnMum 70SHwrtowWay, *21-03Mori— Htw«Jlyjgir»o79lls NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WiSTCRN AUSTRALIA AND ISLANDS DATS ARE ARRIVAL DATES VESSEL VOY SIiWDH Frowartte Comlriwd ttrigggjjgj PwlrGtrf— Islond Express [EMI X 24Jon OIJA Mfek 09 Fib Islond
      937 words
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      899 words
    • 463 26 BSA x. MYANMA nM five star line (Myonmor Notional Line) Loading foe Yangon vissa voy sin PKI PEN PGU CNN SHWI HAW WW SU) PAGAN J49W SU) IN NIALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****3U PfN: 04-*****15 ACCEPTINB CONVENTIONAL CBO VBSE VOYHUSMPU KM TIN ITU SN TYfIJ JACMUNMAd mSUSUSU) PUKES n
      463 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7520 27 This ETA HA AdvwtMr Vassal Voy«j« T«lephon« HI SIN Dasfn Name Nam Hwbw Itaaibar Sl» Tc To ABIDJAN (ABJ) 2003 Cote D'lvoire a 17/02 15X13 Delmas URSULA DELMAS 612W *****344 ia 19(02 21/03 China Shpg CMA CGM ELBE SX213W *****898 2 i 20/02 04/04
      7,520 words

  • ARTS/WINE
    • 965 28  -  S Nandagopal's narrative sculptures have grown in depth, with an eye for the contemporary sensibility. But the artist remains one inspired by Indian myth and traditions, PARVATHI NAYAR discovers PARVATHI NAYAR Drawings in metal: it's the descriptive thought that leaps spontaneously to mind when confronted with
      965 words
    • 656 28  -  By PARVATHI NAYAR "OUR mission statement is to become the Coke of the wine business in Singapore we aren't for the connoisseurs but for the appreciative masses," says John Chuang, chief executive officer of Petra Foods Limited. The wine in question is the Australian Yellow Tail
      656 words
    • 1164 28  -  By N K YONG ENTERTAINING with wine is a lot of fun. We all like to eat and when food is accompanied by wine the pleasure is multiplied manifold. There is wine as well as food to look forward to, with the additional
      1,164 words
  • Page 28 Advertisements
    • 41 28 > ©Herman Miller AERON* CHAIR ifrnKnj factum i usual 1549 NETT* VAUD WHILE STOCKS LAST 8 4 C BU£ AVALAOUE V ull ichokMt mntoM* m Xtra living 9 panang road 01-01 park mall a *****9 J m t 6338 0688 a lwingOxtra.com.ag
      41 words

  • CINEMA
    • 542 29  -  There are more stories going on in Syriana than you can keep up with, says JAIME EE JAIME EE LIKE George Clooney's character Bob Barnes says to his son in Syriana when he's confronted to tell the truth about his work (he's a CIA operative),
      542 words
    • 529 29  -  By PARVATHI NAYAR BRAZILIAN director Fernando Meirelles' celluloid adaptation of John le Carre's The Constant Gardener is both thriller and all-too-real morality tale. Both elements derive from the landscape in which it is set: the post-colonial exploitation of Africa by corrupt diplomats and rapacious
      529 words
    • 526 29  -  By PARVATHI NAYAR CASANOVA or Giovanni Giacomo Casanova de Seingalt (1725-1798) is a by-word today for legendary sexual prowess. However, the real man behind the amorous icon was something more: an endlessly fascinating if unscrupulous character who was a spy, inventor, musician and politician among
      526 words
    • 789 29  -  DVD By PARVATHI NAYAR FORGET the outrageously priced roses and three-course dinners for the price of six Valentine's Day is far more fun at home with a stack of romantic films, popcorn and candles though you could trade in the soda pop for some bubbly.
      ARTHUR LEE  -  789 words
  • Page 29 Miscellaneous
    • 197 29 CRYPTIC CROSSWORD 23 Pure evil's awfully disgusting 25 Direct rip off on foreign mon- x 1 1 ey standard (11) 7 A future monarch? (11) seen before long (5) 9 Sweet man's a bigger nerd, vfctfrqavc solution 1 Poet earns abuse for con- possibly (11) I «q f m trived
      197 words

  • executive lifestyle
    • 614 30  -  off the cuff jaime ee LADIES and gentlemen, welcome. Thank you for signing up for Love 101 our satisfaction guaranteed, get-love-or-go-broke-trying, crash course designed to win the heart of your chosen one. At the end of this course, you will receive a diploma as "Love Graduate" you can
      614 words
    • 1626 30  -  Tapping the singles dollar can become a flourishing lifestyle business. CHEAH UI-HOON talks to organisers of singles events CHEAH UI-HOON SO you're in your 30s and a single working professional. That makes you one in three Singaporeans who are unattached, up from just one in 10 in
      1,626 words
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