The Business Times, 13 February 2006
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2006-02-13
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The Business Times
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Title Section14 2006-02-13 1 THE BUISNESS TIMES Monday, February 13,2006 ""SfN6#PofflfBs cents online at http://business-timestasial.com.sg MICA (P) 089/03/200514 words
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Article1016 2006-02-13 1 AMIT ROY CHOUDHURY - Mid-sized firms far more concerned than those in EU, US: survey By AMIT ROY CHOUDHURY [SINGAPORE] Despite the huge pool of available labour in Asia-Pacific, midsized companies in the region are far more concerned about shortages of talented staff than their counterparts in Europe and the1,016 words
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572 2006-02-13 1 RONNIE LIM - The firm declines to reveal partner's identity, but says it's not CAO By RONNIE LIM [SINGAPORE] A Chinese partner has come on board Singapore oil trader Hin Leong Trading's mega $750 million oil terminal project on Jurong Island. And its entry is572 words
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Article162 2006-02-13 1 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http 7/ business-times. asial.com.sg. For more information, e-mail btocs&sph.com.sg or call 6388-3838. MARKETS WMk Chge STI .....2423.59 -8.13 KLSECOMP ***** -7.54 NIKKEI 225 *****.83 -401.81 HANG SENG *****.95162 words
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Page 1 Advertisements
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Advertisement12 2006-02-13 1 DINING OUT gttWfllldf Sentosa's Italian FEH. THE HYATT TOUCH® tbI£SS^E67^iSTfacSJMIIJE6732 1696 Singapore.grand.hyatLcom12 words
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Advertisement13 2006-02-13 1 BUT EMC crosses USslb in Asia-Pac sales fCt i PG26 8 lU l13 words
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Advertisement34 2006-02-13 1 YOUNG t W FORUM WKL* Putting some shine in your portfolio pg 12 P&O SAGA A new deal in the works? PG3 JA VIEWS FROM THE TOP Is the business situation likely to improve34 words
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TOP STORIES
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546 2006-02-13 2 CHUANG PECK MING - They get about one-fifth of CEO's pay compared to half elsewhere: poll By CHUANG PECK MING [SINGAPORE] Despite the importance attached to human resource management in talent-scarce Singapore, top HR executives here are not so well-regarded in practice going by their pay.546 words
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Article, Illustration746 2006-02-13 2 ANDREW MARKS - WALL STREET INSIGHT Nervous investors await his first semi-annual monetary policy report By ANDREW MARKS in New York THE US stock market faces a bewildering variety of conflicting influences, from quarterly profits that are still strong by historical standards but are clearly slowing, toREUTERS - 746 words
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Article, Illustration572 2006-02-13 2 Xpress appoints Sam Chong Keen CEO FORMER Comfort Group managing director Sam Chong Keen has become chief executive officer of Xpress Holdings. He will draw a salary of only $1 a year and get 15 million new shares over the next two years, worth some $1.2 million. TOP572 words
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Article, Illustration1049 2006-02-13 3 DONALD UROUHART - NEWS ANALYSIS PSA may have lost the bid but the real winner may not be Dubai, DONALD URQUHART suggests DONALD UROUHART [SINGAPOREI In the end it boiled down to precisely what Prime Minister Lee Hsien Loong had earlier assessed as a "hardheaded businessREUTERS - 1,049 words
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458 2006-02-13 3 Consumer group wants screens to be repaired for free Bloom berg (SAN FRANCISCO] Apple Computer Inc. maker of the best-selling iPod digital music player, was sued by a consumer group claiming the company is refusing to give refunds for scratched screens on theBloom berg - 458 words
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Article, Illustration806 2006-02-13 3 CONRAD RAJ - He draws $1 a year but gets 15m new shares over 2 years By CONRAD RAJ [SINGAPORE] Just a fortnight after Xpress Holdings founder and former chief executive KK Fong was named chief operating officer of the speed printing outfit, the companyCHEW SENG KIM/ST - 806 words
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Page 2 Advertisements
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Advertisement960 2006-02-13 2 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I In the Matter of The Companies Ad, Cop. 50 ond In the Matter of MINITE SHIPPING PTE LTD Company No: *****8257E Notice of Resolutions for Members' Voluntary (Pursuant to Section 290) At the Extraordinary General Meeting of the members of MINITE SHIPPING PTE960 words
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Advertisement319 2006-02-13 2 In the Matter of The Componies Ad, Cap. 50 and In the Matter of GREEN NAVIGATION PTE LTD Company No: *****7557H Notice of Resolutions for Members' Voluntary Winding-Up (Pursuant to Section 290) At the Extraordinary General Meeting of the members of GREEN NAVIGATION PTE LTD duly convened and held at319 words
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Page 3 Advertisements
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Advertisement323 2006-02-13 3 55 Hewitt 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 view is323 words
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COMPANY NEWS
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703 2006-02-13 4 WONG WEI KONG - Big stocks such as SembCorp Marine, DBS to announce results this week By WONG WEI KONG MOST listed companies have announced higher profits so far, as the fullyear reporting season got underway. At the close of trading last Friday, a total 40 companies with December703 words
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712 2006-02-13 4 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY WHEN the Dow Jones Industrial Average crossed 11,000 some four weeks ago, hopes were high that finally, after years of flattering to deceive, US stocks were poised to lead global equity markets higher. Newspaper headlines read712 words
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358 2006-02-13 5 Analysts say metals market moving ahead of expectations Bloomberg NOBLE Group Ltd. the Hong Kong-based commodities trader, is at least the fourth company in the past year to make wrongway bets on record-high metal prices. Noble had losses that "were quite small,Bloomberg - 358 words
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610 2006-02-13 5 SIOW LI SEN - Prospectus of first business trust expected this week By SIOW LI SEN ASIA'S first business trust is likely to pay higher yields than a real estate investment trust (Reit) and DBS Bank has confirmed the imminent listing of the new asset class610 words
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317 2006-02-13 5 ROLAND LIM - By ROLAND LIM AFTER issuing a profit warning last month, troubled air cargo logistics firm Airocean reported on Saturday a loss of $3.3 million in its third fiscal quarter, citing higher losses from its express courier business, and a one-off expense317 words
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Page 5 Advertisements
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SINGAPORE MARKETS
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Article, Illustration623 2006-02-13 6 R SIVANITHY - STOCKS R SIVANITHY Senior Corespondent II- TJIFRF. are senUment indicaton» for the local market. the\ would surely be giving off very positive signals at the moment That wasn't the ca.se a month ago. but the Influx of liquidity in early January has623 words
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Article146 2006-02-13 6 XO... I* «a -1*1» r t* V...*.*' !,<-■■ <*»< I* Mi t "< riAOy.Mji >»«• m jt tt> j^j-ij <■ r I» <* >ti «•*> i ,i i ia >>*• < t <a _ii *i r- »»a *a l«fc **•>• »«te »<* hMMk IK r*« »*a t m146 words
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499 2006-02-13 6 CURRENCIES AFP (HONG KONGI Asian currencies mostly fell against the dollar last week on a slump in commodity prices and as investors waited for signals from Japan's central bank on a possible interest rate hike. Japanese yen: The yen edged down against the dollarAFP - 499 words
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Article, Illustration1726 2006-02-13 6 Consensus No*f Fortart Mean hfi lacownendation K 1 t«|«tprtai Company name TMswfc Lastaith matas (cent») (ratio) price Alkyeen Properties 2.13 222 8 S.36 24.24 1.43 1.30 Ascendas REIT 2 39 2.29 13 11 41 1893 2.32 2.15 Aussino Group 2.00 1.00 2 4.55 8.57 0.54 039 Beyonics Technology1,726 words
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452 2006-02-13 6 COMMODITIES AFP lI.ONDONI World oil prices fell last week on rasing supply concerns while metals also dropped from lofty heights The prices of copper, aluminium and zinc hit record highs on Monday before tumbling as investment fUnds locked in gains. StrongAFP - 452 words
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Article, Illustration1371 2006-02-13 7 TEH HOOI LING - TEH HOOI LING Senior Corespondent THE Year of the Dog has ushered in significant wealth Tor punters In the last three weeks, the UOB Sesdaq Index has surged by 5.4 per cent while the Straits Times Index has edged up 1.5 per cent There was1,371 words
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Article, Illustration1198 2006-02-13 7 ROBERT HALILI - INSIDE MARKETS But selling transactions swell with many of them done at below purchase prices, reports ROBERT HALILI ROBERT HALILI Substantial shareholders maintained their high level of activity since the Chinese New Year holidays with 17 reporting transactions in 18 listed firms1,198 words
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VIEWS FROM THE TOP
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Article, Illustration3957 2006-02-13 8 THIS WEEK'S TOPIC Do you share the optimism of those who think the business situation will improve over the next six months? In your opinion, which sectors are likely to do well, and which do you think will need attention? Till jUmA f*« tNr Iburvul urtw IMb3,957 words
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Page 8 Advertisements
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Advertisement24 2006-02-13 8 BTCEOf t-Oub MmteioffvlTCIOft fOUbiiShpnviiop capon* Mvi whom if aftmwoAJfttiDMmi wtfi in «i Mraphvtof +4vtriLE«hwMk.wt«fl cowtnjnfc IOpMCUO¥tSOnMhOIA ccononvc jnd (opooH btpUbkh«dinttiw«ty stCtxw from t* Top.24 words
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Page 9 Advertisements
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Advertisement21 2006-02-13 9 HAVE YOUR SAY What do you Mk of 4m opinions oxprtfMd in thofo poQis? Shifi your viiws by writing to MottarOsphxonug21 words
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SINGAPORE NEWS
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542 2006-02-13 10 CHUANG PECK MING - Not many excited about catering to old folks despite growing number By CHUANG PECK MING SINGAPOREANS are ageing fast faster than even the Japanese. Germans, Americans and others, according to a comparison by the US Census Bureau. Yet, not many Singapore businesses appear to542 words
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Article, Illustration858 2006-02-13 10 CHEN HUIFEN - By CHEN HUIFEN IN A recent week-long visit to Qatar, Minister Mentor Lee Kuan Yew described the development progress in the Gulf country as "stupendous". The adjective is apt given that the country has come a long way since the worldwide slide inREUTERS - 858 words
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Article190 2006-02-13 10 DATE/ TIME EVENT VENUE 13-14 Feb Asia Business Forum Hilton Hotel 9am Maritime Law 14 Feb ISEAS Seminar How far ISEAS, Seminar Room 10.30am can the Proliferation II, 30 Heng Mui Keng Security Initiative (PSI) Terrace, Pasir Panjang reach at sea? What are the legal, diplomat and other190 words
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Page 10 Advertisements
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Advertisement1983 2006-02-13 10 >AT^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I TRANS VIEW HOLDINGS LIMITED (Co. Reg. No. *****2905Z) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of TRANSVIEW HOLDINGS LIMITED ("the Company") will be held at Event Facilities A, Level 3, Singapore Polytechnic1,983 words
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Advertisement865 2006-02-13 10 M THE MATTER OF THE COMPANIES ACT, CAP SO ANO IN THE MATTER OF SINKO COMPOSITE PTE LTD Company Reg No. *****2907 D (In Members' Voluntary Winding Up) Al an Extraordinary General Meeting of the members o( the abovenamed company duly convened and held at Tanjong Penjuru Singapore 60*01 on865 words
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DINING OUT
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Article, Illustration883 2006-02-13 11 JAIME EE - Since day one, II Lido has seen city dwellers heading to Sentosa. JAIME EE checks it out JAIME EE II Lido Sentosa Golf Club, 27 Bt Manis Rd #02-00. Tel: 6866 1977 THERE'S a new attraction in Sentosa. No. they have not replenished the peacocks theYEN MENG JIIN - 883 words
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Article, Illustration503 2006-02-13 11 Cheah UI-Hoon - By Cheah UI-Hoon Rang Mahal Level 3, Pan Pacific Singapore. Tel: 6826 8887 THOSE who consider Rang Mahal to be the ambassador for fine Indian food can expect even more variety by this weekend when the menu is expanded to include Dum Pukht503 words
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Page 11 Advertisements
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Advertisement66 2006-02-13 11 Diners Club Card To app/{| caff 6416 0980 I A\w -A World of Exclusive Privilege* Treats Diners Club JHHPJHHgP wwuxclinert.com.Mo VIP^ /nfermtfiW ■d fl| website: www.cantinafoodwine.com 1^ Js, One-Ninety at Four Seasons Hotel Singapore 190 Orchard Boulevard, Tel: 6831 7250 Four Seasons Hotel Valentine's Day Four-Course Set Dinner at $140+++66 words
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Advertisement212 2006-02-13 11 Basic Wine Appreciation Course by Tommy Lam, Wine MBA Bordeaux Corporate, private and Mandarin session upon RQ Hi Amigo Tommy I I must compliment you on your humourous and candid style of presentation. It mode the session more captivating and lively. The information is very useful. You have unselfishly shared212 words
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Advertisement118 2006-02-13 11 buffet dining "f at its HtiM'P'JiUHH'S' (nil!< 8 Ml Kill s Savour the delights of excellent Asian Cuisine brought to you by our chefs. Promotion is on from 15-28 Feb, available at $22.80 for adults and $16 for children. y 5888 dtseei KO«UU Exclusively for Diners Club Cerdmembers: 10% off118 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration662 2006-02-13 12 OH BOON PING - OH BOON PING looks at the options for those who want to invest in gold's recent sterling performance OH BOON PING OF late, gold has been shining as an investment even as prices have been soaring and setting record highs over the past few662 words
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Article, Illustration688 2006-02-13 12 KELVIN SAM - CAMPUS LIFE Five university and JC students present their 'Budget' and defend their priorities at a debate organised by SMU and the finance ministry, reports KELVIN SAM KELVIN SAM M I m m a E cannot neglect our M MK t elderly. Taking care ofYEN MENG JIIN - 688 words
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Article205 2006-02-13 12 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 have205 words
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Page 12 Advertisements
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Advertisement46 2006-02-13 12 citibank The Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.46 words
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ECONOMY WATCH
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466 2006-02-13 13 Ministers also mull over creation of an 'anti-shock fund' to face energy crises AFP [MOSCOW] Group of Eight (G8) finance chiefs, struggling at a weekend meeting here to avert future energy shocks, considered creating an anti-shock fund and developing a globalAFP - 466 words
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Article, Illustration545 2006-02-13 13 Reuters [NEW YORK] The United States' record trade deficit shows no sign of narrowing any time soon, but some analysts say the trend is so entrenched that its ability to hurt the dollar is waning. Official figures released on Friday showed thatReuters; AP - 545 words
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Article3194 2006-02-13 13 Transaction date: Feb 10 For a full listing of the closing prices, log on to BT Online at http://business-times.asial .com.sg after 11.30pm every trading day HONG KONG vd Hlt$ ♦<- 'GOO Aeon Credit 6.05 unch 0 Aeon Stores 7.35 0.10 113 Angang New Steel H 5.70 .0.20 *****3,194 words
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496 2006-02-13 13 Reuters [MOSCOW] Finance ministers of the Group of Eight nations believe global growth prospects remain strong but they share a responsibility to reduce imbalances which threaten the outlook, US Treasury Secretary John Snow said on Saturday. "The global economy remains strong and there areReuters - 496 words
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439 2006-02-13 13 AFP [NEW YORK] The fever that gripped oil markets in recent weeks has begun to subside as traders discount the likelihood of a doomsday scenario in Iran, yet many remain cautious due to a variety of geopolitical risks. Crude oil pricesAFP - 439 words
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MALAYSIA/INDONESIA
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Article, Illustration699 2006-02-13 14 SHOEB KAGDA - He says if AG's logic is accepted, then all of Ibra's deals will be deemed illegal By SHOEB KAGDA in Jakarta THE seventh and last chairman of the powerful Indonesian Bank Restructuring Agency (Ibra), Syafruddin Temenggung, has denied any wrongdoing during hisFILE PHOTO - 699 words
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458 2006-02-13 14 Malindo Feedmill's production capacity to double by Q3 [JAKARTA] PT Malindo Feedmill Tbk, the first Ma-laysian-owned company to list on the Jakarta Stock Exchange, expects its pre-tax profit to grow 15-20 per cent this year due to its expansion programme, reports Starßiz Weekend.458 words
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418 2006-02-13 14 [KUALA LUMPUR] The two largest shareholders of NasionCom Holdings Bhd are in talks to sell part of their stakes to HSBC Holdings pic, reports the Star Biz Week, citing industry sources. The tabloid quoted sources as saying that the shareholders are managing director418 words
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Article, Illustration686 2006-02-13 14 PAULINE NG - MALAYSIA INSIGHT Analysts pick the top dogs in the market and those to avoid PAULINE NG KL Correspondent ON FRIDAY, Feb 3, the market shot up 1.5 per cent, or 14 points, for its highest finish in 15 weeks. VolumeNST - 686 words
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439 2006-02-13 14 [KUALA LUMPUR] Pent-up demand for overseas investments with better returns and the need to diversify investment portfolios are pushing Malaysia's unit trust companies to increase their existing foreign equities fund size and launch more such funds, says a report in Malaysia's439 words
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Page 14 Advertisements
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Advertisement1078 2006-02-13 14 3 NOTICES In the Matter of The Companies Act, Cap. 50 and In the Matter of MARIGALE SHIPPING PTE LTD Company No: *****4409K Notice of Resolutions for Members' Voluntary Winding-Up (Pursuant to Section 290) At the Extraordinary Geneiai Meeting of the members of MARIGALE SHIPPING PTE LTD duly convened and1,078 words
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GREATER CHINA
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Article, Illustration628 2006-02-13 15 Instead, it sells Goldman Sachs 10% of unit for 420 m euros AP IHONG KONG] Hong Kong conglomerate Hutchison Whampoa Ltd has delayed the long-awaited initial public offering of its Italian third-generation mobile phone unit, blaming weak market conditions for European telecomsAP - 628 words
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311 2006-02-13 15 [HONG KONG] Hong Kong banks expect competition in the consumer finance market to intensify as more lenders offer personalised or tiered pricing to fight for personal business, according to the South China Morning Post. Joseph Yam Chi-kwong, chief executive of the311 words
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460 2006-02-13 15 Offshore investors concerned over China's pay-off plan [HONG KONG] The threat of legal action from disgruntled offshore investors is delaying state share reforms to be carried out by mainland companies with dual listings at home and abroad, the South China Morning Post quoted analysts460 words
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Article, Illustration500 2006-02-13 15 AP [BEIJING] The Beijing Military and Civilian Matchmaking Service is one of a growing number of Chinese companies that are wedding high technology with low-tech tradition to spawn romantic unions. Romance and marriage have changed drastically in China after 25 years of breakneckAP - 500 words
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306 2006-02-13 15 Reuters [BEIJING] China should aim by 2010 to be making half of the high-precision machine tools used by its fast-expanding industrial sector, up from 30 per cent today, Xinhua news agency yesterday quoted an industry group as saying. China currently importsReuters - 306 words
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334 2006-02-13 15 [HONG KONG] Xinao Gas Holdings, China's largest privately owned piped gas distributor, was quoted by the Standard as saying that growth over the year will come from expanding its existing distribution systems, rather than buying new ones a decision that will allow it334 words
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INDIA
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Article, Illustration671 2006-02-13 16 Managers closing mid-cap equity funds, fear diminishing returns Reuters [MUMBAI] Some Indian money managers are closing equity funds focused on mid-sized companies for fear of diminishing returns. It's a matter of too much cash chasing too few stocks, they say. Fund managers also fear investorsReuters; AP - 671 words
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264 2006-02-13 16 Banks to submit report to audit panels and RBI [MUMBAI] The Reserve Bank of India (RBI) has asked banks to investigate funding they provided for the purchase of shares in initial public offers (IPOs) in the last three years, says a report in264 words
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195 2006-02-13 16 [MUMBAI] The Japanese haven't just developed a yen for Indian equities they have a matching hunger for Indian debt paper as well, according to a report in the Business Standard online edition. This has been demonstrated by the response to Export-Import Bank195 words
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Article, Illustration335 2006-02-13 16 AP INEW DELHI] From entering the Taj Mahal to boarding flights and staying at hotels, foreigners have to pay substantially higher charges across India. Prime Minister Manmohan Singh is seeking an end to the discrimination, his office said last Friday. Foreign passport holders andAP - 335 words
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BRIEFLY ASIA
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149 2006-02-13 16 Bloomberg [NEW YORK] Morgan Stanley named Hans Schuettler chief executive of the firm's Asia business, six months after making him co-head of investment banking in Europe. Mr Schuettler, 55, will move to Hong Kong from Germany and report to Asia chairman Alasdair Morrison andBloomberg - 149 words
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128 2006-02-13 16 AP [LAS VEGAS] Two former Bank of China managers and their wives pleaded not guilty on Friday to charges they embezzled US$4B5 million in China and tried to launder the money in Hong Kong, Canada and the United States. Each faces up toAP - 128 words
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111 2006-02-13 16 Xinhua [SHANGHAI] Hong Kong has become the most important source of investment to Shanghai, China's leading industrial and commercial centre. Information from Shanghai Municipal Commission of Commerce said Hong Kong investors had made investments in 11,767 ventures in the city by last October, withXinhua - 111 words
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126 2006-02-13 16 Bloomberg [NEW DELHI] India is scrapping a 10 per cent bonus on some deposits collected by post offices to lower borrowing costs for the government. The Finance Ministry decided to withdraw the one-time payment, paid on maturity, in the six-year Post Office MonthlyBloomberg - 126 words
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Page 16 Advertisements
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Advertisement13 2006-02-13 16 I Lianhe Zaobao I tSMt I I I I (fll|j&3L9F£! t 'k I13 words
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Advertisement35 2006-02-13 16 I V I Geta —r—\ n Leading Edge li^7 Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 631 9-1 645 or Michael Chng at 6319-2026 Shipping Times35 words
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ASIA-PACIFIC/WORLD
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705 2006-02-13 17 Thousands attend first demonstration by newly formed anti-govt alliance By OUR CORRESPONDENT in Bangkok THAI Prime Minister Thaksin Shinawatra's Thai Rak Thai (Thais Love Thais) party said that it was mulling over filing a lawsuit against its critics, if the allegations made by705 words
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208 2006-02-13 17 Reuters [TOKYO] A technology tie-up between Japan's Nippon Steel Corp and Arcelor could enable the Luxembourg-based steel firm to fight off a takeover bid by Mittal Steel, a newspaper said yesterday. Under the agreement, Nippon Steel can prevent Arcelor from using technologiesReuters - 208 words
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407 2006-02-13 17 An indictment of Horie could prompt TSE to act: paper AP [TOKYO] The Tokyo Stock Exchange (TSE) will probably delist disgraced Internet startup Livedoor Co and a subsidiary if prosecutors indict, as expected, its former president and other executives on accounting fraud charges,AP - 407 words
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Article, Illustration280 2006-02-13 17 Reuters [REDMOND. Washington] Microsoft Corp and its hardware partners will continue to develop new digital media devices aimed at challenging the dominance of Apple Computer Inc's übiquitous iPod music player, chairman Bill Gates said on Friday. "I don't think what's out on the marketReuters; AP - 280 words
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668 2006-02-13 17 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo DATA due this week could set the stage for a battle of wills between the Bank of Japan (BOJ) and government leaders over whether the central bank should '.ityove soon to tighten monetary policy,668 words
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150 2006-02-13 17 Bloomberg [CHICAGO] Conrad Black, former Hollinger International Inc chairman and chief executive accused of looting his own company, said he is eager to have his trial begin. "I want to face the accusers and expose this case for the fraud it is," BlackBloomberg - 150 words
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Article, Illustration488 2006-02-13 17 Reuters [FRANKFURT] Volkswagen may cut up to 20,000 jobs in the next three years at its core VW brand in a sweeping restructuring programme that could also lead to a reduction in production capacity, it said on Friday. Shares inReuters; AFP - 488 words
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AVIATION
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Article, Illustration516 2006-02-13 18 Airline offers to pay pilots US$300m if plans are scrapped in the revamp Bloomberg [CHICAGO] Pilots at Delta Air Lines Inc, the thirdlargest US airline, are demanding a US$l billion payment should the airline scrap employee pension plans as part of its bankruptcyBloomberg; BLOOMBERG - 516 words
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472 2006-02-13 18 Bloom berg [CHlCAGO] Northwest Airlines Corp pilots will vote this month on allowing their union leaders to call a strike against the bankrupt carrier should the company win court permission to impose pay and benefit cuts. The union's chairman, Mark McClain, asked forBloom berg - 472 words
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LOG BOOK
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106 2006-02-13 18 AP [MANCHESTER, England] An American Airlines pilot was arrested at Manchester Airport on suspicion of being drunk on Saturday shortly before his flight was due to take off, police and the airline said. One of three pilots on Flight 55 to Chicago had beenAP - 106 words
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112 2006-02-13 18 Light read, light meals huge savings AFP [HONG KONG] Lighter reading and light meals appear to be key to Hong Kong airline Cathay Pacific's plans to trim weight and fuel bills on its international flights. It believes it can shed up to half a tonne of weight on each flightAFP - 112 words
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106 2006-02-13 18 AFP [NEW YORK] Robert B Hotz, the longtime editor and then publisher of the influential magazine Aviation Week and Space Technology, died on Thursday of complications from Parkinson's disease at a hospital in Frederick, Maryland. He was 91. An expert on arms control andAFP - 106 words
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360 2006-02-13 18 Route introduced last Sept but it fails to fill enough seats Bloomberg [HONG KONG] Hong Kong Express Airways Ltd, a new airline partly owned by billionaire Stanley Ho, said it will stop flying to Guangzhou city in southern China by the end ofBloomberg - 360 words
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357 2006-02-13 18 AFP [JAKARTA] A plane carrying 145 passengers flew for hours without navigation and communications systems over Indonesia before making a safe emergency landing, reports said yesterday. The systems on the Boeing 737-300 of Indonesian regional airline Adam Air had broken down 20 minutesAFP - 357 words
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Article591 2006-02-13 18 CITY FUjHT IT* MUT fTP |g m $8 Aimtardwn ~i" 0100 ■ass offilffi |P w IB m 8® J|j ll Jl H jjjj WO M Cm* Town 5047S 3315 II CMangMal TTHM 2330 TK12B 1645 CMcmo UAH! 2355 UA896 0645 SS5 fc >m its m c5as591 words
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Page 18 Miscellaneous
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Miscellaneous203 2006-02-13 18 CRYPTIC CROSSWORD DOWN 2 Fancy artist keeping quiet? Syrian sect (5) Across: 1 Target practice, 9 Mis- a expect him to. (8) 15 Attractive part of hospital with sion, 10 Satsuma, 11 Laid, 12 Fragsweetdec°'a,ion(B) ™««i. Rancid. 15 Democrat. 4 mlno a rnKi 17 Take mat s" al 'T a203 words
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SHIPPING
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Article, Illustration591 2006-02-13 19 They face rising container shipping capacity, pressure on freight rates, high fuel costs Reuters [TOKYO] Japan's top three shipping firms have said that a fall in freight rates slashed quarterly profit more than 20 per cent, and surprise cuts inReuters; FILE PHOTO - 591 words
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414 2006-02-13 19 US$247.5m sale will reduce the age of its fleet Bloom berg [NEW YORK] General Maritime Corp, the second-larg-est US tanker owner, agreed to sell nine ships to Singapore's Tanker Pacific for U*****.5 million in an effort to reduce the age ofBloom berg - 414 words
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291 2006-02-13 19 They oppose import of hazardous wastes: survey AFP (NEW DELHI] Seventy per cent of Indians are against allowing an asbestos-laden decommissioned French warship to be broken up in India, according to a survey commissioned by the rights group Greenpeace. "Seventy per centAFP - 291 words
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282 2006-02-13 19 Reuters [CHITTAGONG] Cargo deliveries at Bangladesh's Chittagong port,, which handles 80 per cent of the country's external trade, resumed after truckers called off their two-day strike after only nine hours yesterday, port officials said. They said the Bangladesh Transport Workers Federation called off theReuters - 282 words
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Article295 2006-02-13 19 SGX '000 Feb 10 SS W Vol CHOHshore .0.39 -0.01 935 ChuanHup .0.39 -0.01 1683 Cosco Corporation 1.27 0.02 5204 CWT Distribution .0.91 unch 11 Ezra Hldgs J.10 -0.01 838 Freight Links 0 07 unch 4130 Grand Banks Yacht 0.93 0 01 32 Jaya Holdings 1.28 unch 928295 words
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164 2006-02-13 19 Bloomberg [LONDON] Wilh Wilhelmsen ASA, halfowner of the world's biggest operator of ships carrying vehicles, said fourth-quar-ter profit fell 64 per cent after accounting changes cut the value of contracts used to protect against future costs. Net income at the Lysaker, Norway-based company droppedBloomberg - 164 words
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Article, Illustration365 2006-02-13 19 Bloom berg. Reuters Reuters [LONDON] The world may soon face a shortage of oil tankers that can carry as much as 2 million barrels of crude, because United Nations rules will reduce the number of ships and higher prices will discourage owners from ordering new ones, saidBloom berg. Reuters; Reuters; FILE PHOTO - 365 words
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294 2006-02-13 19 Bloomberg (NEW YORK] Rates to ship oil in the Caribbean basin fell for the fifth straight day on Friday as too many ships competed for cargoes. "There's more supply than there is demand right now," said John Fitzgerald, a shipbroker withBloomberg - 294 words
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Article11274 2006-02-13 20 STRAITS TIMES INDEX STOCKS Stock nam Wt One Chang* Stock name Wt Oom Change Stock name Wt Ooae Clung. Allgreen 50c 0.30 1.300 Haw Par Corp 0.42 5.450 SPH20C 422 4300 Ascendasreit V02 2.150 -0.010 HyfluxSc 0.44 3.060 STEngglOc 1.90 2.990 -0.010 OIL Intl US20c 0.57 1.500 -0.02011,274 words
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Article6635 2006-02-13 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy Syr S dy Syr Sdy Syr Feb 10 Index Change Change Change Change Change Change World Index Preliminary 967.5 -0.6 1.9 -0.7 0.1 -0.5 2.3 IEAFE Prefcninary ***** -0.7 2.9 -0.8 1.6 -06 3.9 Europe6,635 words
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Advertisement1071 2006-02-13 22 NYK GROUP SOUTH ASIA PTE LTD W^. m,rw rviC VJT TEL *****123 JK ALuNK m *9P M» LIME Fax: 6292 2856(Regionalsales)/*****109(0P5)/6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO K>»AXU KASHA. ITO (C/R NO: **********0E) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination C BRAVE ATW/RTM/BMN/TLB/NAN EIKXJSSA CAM/NFK/SAV/TPC HANIIN BOMBAY VCW/lAX/MZL JOHN F1,071 words
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Advertisement561 2006-02-13 22 IfWRAHA RORO IWVKI vßsa/vor Mwrgn) wgwiw m km io sm *t sium antes tin 30 4.1 14/02 STOUTS VOTIIK 04/04 15 3.2 10/03 13/03 STOUTS VBmtK 05/04 IS 3.2 22/03 25/03 30/03 02/04 04/04 l<uinuuiMi«o«on«¥i« I mn/rn I mum I waww la sn i m m mm I» I nl561 words
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Advertisement1477 2006-02-13 23 WAN HAI INTERNATIONAL PTE LTD at Nft MMKMNO/I V TH: *****588 (14LINES) Ftt:*****163 W\WAN HAI LINES JOH IB: (07) *****23 HUL (07)*****21 SUt TEL: (031) *****75 MX: 1031) *****14/ 33*1305 ww ww..b.ir««<. WIB:|O2I)S2S4I«OI*X:(O2I)S2S*7HrUIW:7I4MO/7HJII FMfc7lU79 www.wimi.nan >1E: |0H) *****03 HUt: (Otl) 415W25/*****09 fGuawHwnw ffi wcitwYmsTToroi «w$ mo rn VMM HM 7721,477 words
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Advertisement1232 2006-02-13 23 VESSa VOY SID JKT HK6 KHH INC KYH PUS VESSEL VOY 2N JKT SUB HKG USH PUS HY BRIDGE JO7S_ It/7 l»/7 73/7 25/2 77/7 1/3 1/3 KMTC SINGAPORE 602S 19/2 22/2 23/2 28/2 4/3 5/3 HY VLADIVOSTOK 172S _7V7_ 25/7 7/3 4/3 6/3 1/3 1/3 KMTC JAKARTA 603S 26/21,232 words
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Advertisement905 2006-02-13 23 w asaaa* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VKSH. VOT SIN PJHANG COIOMSO tC SHEVA MUMMO \m jjg -mIQTA PEIWIIA YPWO79 20 FH ?l FB 24 FB 2LEB J&M INDIRA GANDHI OIOIW 27 FEI 28 FH 04 m 07 MAI 10MAK E£jssL 0101W905 words
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Advertisement956 2006-02-13 24 HNordana (Asia) Pte Ltd 70 Sh—ton Way, *21-03 Marino Honw Shgapw *****1 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATtS |VKSH VQT Sfcwpre FrwUli Cows Itlod Chhtwos jjd P«kCwl«H btond Express I £601 X Mjon 01_Feb Mhb 09F«b blond Express |E602 HFeb 2lMi956 words
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Advertisement895 2006-02-13 24 sm pgu vissa vot sw kt KIMII IWM 14/ M !iZ«_ iS "ffi nc lAHD* ISSffl !i/S2 U/w jjg ij/k CSf 2301 0239f 16/02 17/02_ !£t. M uM "Snati iwwT- JM2 !ZZB|_ KST —BP M _SL2Jfi] 82IS£ jl/e? WW PACWHTAM *340 04/03 07/03 PACIAHDA 14*9* 11/02 li/02_ r>CMU 4200 06/03895 words
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Advertisement493 2006-02-13 24 i BSA ik o MYANMA nH FIVE STAR LINE (Myanmar National Una) Loading for Yangon VESSEL VOY SIN PKI PIN PGU CHIN SHWI HAW 90W SID PAGAN 349W SID IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****3 M PIN: 04-*****15 jmfammm JHBL ACCEPTIN6 CONVENTIONAL C6O VESSa VOYHKGSMPn KHTNiniSOK TWU PMKES O493 words
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THE BUISNESS TIMES SHIPPING TIMES
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BizIT
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Article, Illustration763 2006-02-13 26 AMIT ROY CHOUDHURY - It plans to double its sales force in Singapore, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY FOR data storage major EMC Corp, the Asia-Pa-cific market continues to show increasing traction with sales crossing the important US$l billion mark in the region, including Japan,FILE PHOTO - 763 words
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280 2006-02-13 26 EMC believes that IT (information technology) is undergoing a fundamental shift, says Steve Fitz, senior VP and president of the Asia-Pacific operations of the company. Historically, most of the focus in IT has been on technology specifically the components that make up the infrastructure. "However,280 words
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Article, Illustration463 2006-02-13 27 ROLAND LIM - The firm will be stepping up its operations in the Asia-Pac region By ROLAND LIM OUTSOURCING will be the key driver behind the next wave of growth in the data integration market, according to data integrator Informatica. In fact "the data integration industry is463 words
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<what's up>
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Article67 2006-02-13 27 MICROSOFT has appointed Colin Png as the director of its business and marketing organisation in Singapore. In his new role, Mr Png will oversee the firm's local business products strategy and marketing communication functions like events, public relations and branding, as well as corporate and social67 words
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Article73 2006-02-13 27 PROGRESS Software will hold a seminar, "The Power to Win Accelerating the Speed of Your Business", on Feb 17 at the Grand Hyatt Hotel. The complimentary event features presentations and discussions, including a keynote address from Joe Alsop, CEO of Progress Software, on how companies73 words
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61 2006-02-13 27 SUN Microsystems will play host to a two-day conference from Feb 22 to 23 at the Raffles City Convention Centre. Attendees to the event will gain insights into the latest developments in Java technology, as well as Sun products like its Solaris 10 server operating61 words
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Article44 2006-02-13 27 NETWORKING equipment maker D-Link International has appointed George Wong as its marketing director for South-east Asia and Alice Chew as the sales director for Singapore. Mr Wong has been with the company for six years and Ms Chew for three.44 words
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Article82 2006-02-13 27 WINSTON CHAI - Compiled bv WINSTON CHAI THE Asia Mobility Initiative (AMI), an alliance of six mobile operators in the region with a combined subscriber base of 50 million, has appointed Steven Siew-Key Chan as its executive director. In his new capacity, Mr Chan will work with standards82 words
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429 2006-02-13 27 Bloomberg [CHICAGO] Microsoft Corp joined computer-chip maker Texas Instruments Inc, mobile-phone makers and video-game publishers to create common standards for games played on mobile phones and other wireless devices. The companies plan to produce an initial set of mobile game standards inBloomberg - 429 words
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501 2006-02-13 27 It was lost in Jan whilst flying on a commercial airliner AFP [MEMPHIS] Philip K Dick is missing. Not the American science fiction writer whose novels spawned hit films such as Blade Runner and Total Recall he died more than 20 years agoAFP - 501 words
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531 2006-02-13 27 WINSTON CHAI - By WINSTON CHAI LG ELECTRONICS is seeking to make a bigger splash in the cut-throat notebook market in Singapore. Better known for its home appliances, audio-vi-sual (AV) products and more recently mobile phones, the Korean consumer electronics giant hopes its nascent notebook business531 words
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<what's new>
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Article, Illustration78 2006-02-13 27 BENQ has unveiled what it claims to the world's fastest 20-inch LCD monitor. The FP2O2W features an Bms response time and a 600:1 contrast ratio, making it a good choice for gaming and movie viewing. It is equipped with BenQ's proprietary "Senseye" technology, which78 words
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Article79 2006-02-13 27 VMWARE Inc has unveiled a free entry-level hosted virtualisation product for Linux and Windows-based servers. This tool enables users to make provisions for new capacity by partitioning a physical server into multiple virtual machines. The VMware Server supports any standard xB6 hardware, as well as a79 words
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103 2006-02-13 27 SECURITY solutions provider Sonic Wall has launched a new SSL VPN appliance aimed at organisations with less than 50 users. Called the SSL-VPN 200, it allows secure remote access to network resources such as e-mail, files, intranets and applications without licence restrictions on the103 words
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66 2006-02-13 27 SYMANTEC has launched the latest version of its i 3 7.5 performance management software. Formerly known as Veritas i 3, the new release helps companies boost application performance by monitoring, identifying and analysing problems with their J2EE platforms. Pricing for components of Symantec i 3 currently66 words
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Article, Illustration83 2006-02-13 27 WINSTON CHAI - Compiled by WINSTON CHAI LG HAS introduced the *****, its new handset based on a sliding design. The ***** features connectivity support for Bluetooth and GPRS and comes with a USB port. It is equipped with 64M8 of internal memory, as well as a 1.383 words
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Advertisement88 2006-02-13 26 FOCUS Controlling IT resources PG 28 FUJITSU the 4*".'' *X 'l|V I 'I';- -"U*! Va V-": --jf r 4 f l A• j m tfIMMHP T i i f*** "t* i i I^l w~* l ine 'WE'u I"OC LLi IMvj a IN THE WORLD 1 Superior performance and excellent reliability.88 words
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Advertisement22 2006-02-13 27 «*«kes J ws&v?f •OS&°.Y •■•wQIIWIWCT wrO&vwtg lnvfm tinxfCy ioliftfimi (Cicfilii| f r vmui r T»«t«m t MMIM Rl| I I •ftW"> /IMIIWIPiMUUVIi22 words
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BizIT FOCUS: MAKING IT WORK
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Article, Illustration1328 2006-02-13 28 ROLAND LIM - ROLAND LIM looks at why IT governance is crucial for businesses and what they can do to achieve it ROLAND LIM AS RECENTLY as a few years ago, many organisations could still run their businesses profitably without strong IT practices. Today, with IT becoming increasingly pervasive andFILE PHOTO - 1,328 words
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Article141 2006-02-13 28 ACCORDING to research group Gartner's Brendan Conway, the best performing chief information officers are identified by six traits: They are able to lead and position themselves as business leaders within the organisation; They anticipate the needs of the organisation. This is helped by spending much141 words
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Advertisement191 2006-02-13 28 IfOPTIMIZE I IT GOVERNANCE 1 I I CONTROL. COMPLIANCE. ALIGNMENT. IT executives are judged on their ability to deliver business results. Leaders must be able to effectively govern and manage the priorities, processes, and people of IT. Mercury delivers the visibility and control that IT leaders require to optimize for191 words
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Advertisement12 2006-02-13 28 This weekly series is brought to you by MERCURY BUSINESS TECHNOLOGY OPTIMIZATION12 words
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