The Business Times, 16 February 2006

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Total Pages: 32
1 32 The Business Times
  • 15 1 THE BUSINESS TIMES Thursday February 16,2006 MICA (P) 089/03/2005 SINGAPOR^UwI^ online at http://business-times.asia 1 .eom.sg
    15 words
  • 643 1 AP [WASHINGTON] US stocks turned higher yesterday as investors bobbed and weaved with every word of new Federal Reserve chairman Ben Bernanke's testimony before Congress. At 11am EST, the Dow Jones industrial average rose 13.86 points to 11,042.25, while the Nasdaq composite
    AP  -  643 words
  • 137 1 sn 2,424.17 (-16.81) ST INDEX FUTURES 1427.00 (-17.00) SIMSCI 287.76 (-2.07) SIMSO FUTURES 288.70 (-1.40) MARKETS Wednesday Change K1SFC0MP 927.17 +1-66 NIKKEI 225 15.932.83 -252.04 HANG SENG 15,423.26 +2.94 SET INDEX 725.73 -2.18 JAKARTA COMP 1.!36.94 +6.56 MANILA COMP 2.074.09 +4.20 SEOUL COMP 1,303.84 -24.37 SHENZHEN B 257.95
    137 words
  • 698 1  -  BT exclusive Club claiming over $130m from four former directors and original shareholders By NANDE KHIN [SINGAPORE] A new chapter has opened in the Raffles Town Club (RTC) saga, with the club starting legal action against four of its former directors and
    FILE PHOTO  -  698 words
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  • TOP STORIES
    • 806 2 Regulators visit cargo subsidiaries' offices-including JAL, SIA, Cathay Bloomberg Reuters [SINGAPORE] The US and European offices of the cargo subsidiaries of the world's top airlines including Asian carriers Japan Airlines, Singapore Airlines and Cathay Pacific were visited by European and US regulators yesterday
      Bloomberg; Reuters; FILE PHOTO  -  806 words
    • 539 2 GIC RE develops property on its own in China THE Government of Singapore InvestmentCorpocation Real Estate is breaking new ground literally—by developing property. And the recently completed Azia Center in Shanghai is its first wholly-owned greenfield development. TOP STORIES, PG 4 Bio* One, Lonza in USs2som biomed joint
      539 words
    • 371 2 Bloomberg [BANGKOK] Thai Prinze Minister Thaksin Shinawatra's son Panthongtae, 26, is expected to be fined for violating disclosure rules over changes in his shareholding of Shin Corp before the family sold a USSI .9 billion stake to Temasek Holdings of
      Bloomberg; THE NATION  -  371 words
    • 562 2 By OUR CORRESPONDENT in Bangkok THAI Air Asia, caught up in the turbulence surrounding the sale of the Thai prime minister's stake in Shin Corp to Temasek of Singapore, believes it has found a way out. The budget airline owned by Malaysia's AirAsia Berhad and Shin
      562 words
    • 796 4  -  Shanghai tower completed below budgeted cost; value has gone up By ARTHUR SIM [SINGAPORE] The Government of Singapore Investment Corporation Real Estate (GIC RE) is breaking new ground literally by developing property. And the recently completed Azia Center in Shanghai is its first wholly
      796 words
    • 332 4  -  By OH BOON PING The pharmaceutical industry will get a boost from a new joint venture manufacturing plant at Tttas to produce commer-cial-scale proteins and antiTBBBmZ. The partnefS Singapore's Bio* One Capital and Swltierland-based Lonza will invest up to US$25O million in
      YEN MENG JIIN  -  332 words
    • 410 4  -  By OH BOON PING [SINGAPORE] Fnr tttWtf.fr----ond year runntXQESBBES Business Times lijh win the Year award at thp Z com Annual organised by Singpgorp Press Holdings' English and Malay Newspapers Division. j Correspondent Donald Urquhart, who has been with BT for
      The Buisness Times,December 9,2005; BRYAN VAN DER BEEK/ST  -  410 words
  • Page 2 Advertisements
    • 139 2 NEW ZEALAND RELOCATION SEMINAR Immigration Policy Changes reflect record low unemployment Protea Pacific Ltd, a New Zealand based Immigration Consultancy, will be giving a seminar on Saturday 18 February at 11.00 a.m. at the Orchard Hotel, 442 Orchard Road. Seminar cost is Ss2o per person/couple which includes a DVD about
      139 words

  • Page 3 Advertisements
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  • COMPANY NEWS
    • 575 5  -  But CEO seems to qualify denial; bank's interim profit rises slightly By PAULINE NG in Kuala Lumpur MAYBANK, Malaysia's biggest banking group, has denied it is in merger negotiations with Southern Bank (SBB) or that it has even sought central bank approval to begin
      575 words
    • 300 5 Bloomberg SINGAPORE Airlines, the world's second-largest carrier by market value, filled more seats and cargo space in January for a fifth straight month, helped by increased global trade and holiday travel demand. In a filing with the Singapore stock exchange yesterday, the
      Bloomberg  -  300 words
    • 684 5  -  HOCK LOCK SIEW By R SIVANITHY According to the Encarta World English Dictionary, to reprimand is "to tell somebody off, to rebuke somebody for a wrongdoing". The Macmillan English Dictionary (For Advanced Learners) goes a bit further: "To tell someone officially and in a serious
      684 words
    • 373 6  -  Shares expected to resume trading in August says executive chairman By LESLIE YEE A LISTING status on Sesdaq can be worth some $15-20 million, based on the reverse takeover (RTO) of Global Ariel announced late last week. Mike Lee, executive chairman of Global
      373 words
    • 569 6 Expected to have sold more homes after rules eased Reuters SOUTH-EAST Asia's top two property firms are set to report strong growth in full-year 2005, with fourthquarter earnings boosted by divestments and improved home sales. Capita Land Ltd is likely to report today
      Reuters  -  569 words
    • 375 6  -  By WONG WEI KONG ANOTHER set of strong earnings by HTL International Holdings has impressed investors and analysts and earned the sofa maker a round of upgrades from the market. HTL shares hit a new 52-week high of $1.57 on Tuesday
      375 words
    • 350 6 CONTINUING to make inroads overseas, Capita Land yesterday announced its maiden residential project in India, just a day after it unveiled its first housing venture in Vietnam. For the project in the Indian financial capital of Mumbai, Capita Land is paying about
      350 words
    • 438 6  -  By DONALD URQUHART STRONG performance by its diversified business units and a $37.7 million exceptional gain lifted PanUnited Corp Ltd's fourthquarter net profit to $42.2 million up from just $2.95 million in the previous corresponding quarter. The results for the three months ended Dec 31,
      438 words
    • 517 6  -  Thai firm Aapico Hitech is strategic shareholder By SAMUEL EE IN a twin move to penetrate the booming Thai auto market, mainboard-listed Jackspeed Corp is acquiring a Singapore vehicle services company that comes with a $3.5 million profit and roping .in ufacturer as a strategic
      FILE PHOTO  -  517 words
    • 320 6  -  By TEH HOOI LING DIRECT marketing company Best World International has turned in another set of solid results, with net earnings surging 68 per cent to $8.5 million. Revenue was up 78 per cent to $55 million. The group, which markets skin
      320 words
    • 499 7 It sees growth of mobile industry in India rising further [BARCELONA] India's largest mobile operator Bharti Televentures, an associate of Singapore Telecommunications, expects the explosive growth in mobile users to continue and has set its sights on a higher share of the market, its
      FILE PHOTO  -  499 words
    • 436 7 Placement at $1.56 each represents 6% discount on Monday's price SINGAPORE Labour Foundation (SLF), a major shareholder of Comfort Del Corporation Limited, yesterday sold a 6 per cent stake in the taxi and bus operator for $193.44 million in a portfolio reshuffle. SLF said
      436 words
    • COMPANY BRIEFS
      • 58 7 NERA Telecommunications' sales turnover jumped 30 per cent from 2004 to $260.6 million last year thanks largely to more business in the telecommunication and contract manufacturing segment, even though sales dipped in the information technology business segment. Profits after tax
        58 words
      • 86 7 PDC Corp Ltd, which requested a share trading halt on Feb 9, yesterday said its talks to place up to 29 per cent of the enlarged share capital of the company to a potential investor at about $0.***** for each placement
        86 words
      • 105 7 ASL Marine Holdings, which owns shipyards in Singapore. Indonesia and China offering services in ship building, repairing and chartering, has announced that its wholly-owned subsidiary ASL Shipyard has secured contracts for six vessels worth a total of $24.3 million. These vessels include three
        105 words
      • 60 7 PAN-UNITED Marine Limited has been awarded contracts worth US$3l million to construct two platform supply vessels from repeat customer Swire Pacific Offshore Operations (Pte) Ltd. They are expected to be delivered in Q1 and Q3 of 2008 respectively. These new orders bring PUM's
        60 words
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  • Page 7 Advertisements
    • 229 7 Irichoderm The Hair Collagen Treatment For Your Hair Problems jjjjj MAKE A LASTING IMPRESSION vn M j a Irichoderm a day J Protect YourHair with Hair Collagen TRICHODERM INTENSIVE HAIR REACTIVE SERUM is scientifically formulated with TRICHOGEN .1 bio engineered aTRICHOOERM complex whose structi ir e resembles hair collagen, which
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  • SINGAPORE MARKETS
    • 502 8  -  STOCKS Investors succumb to Japan market slide, earnings disappointments and forced selling R SIVANITHY Senior Correspondent CLEARLY, the local market is more responsive to regional developments these days, in particular to how the markets in Japan and Hong Kong behave in the local time zone.
      Source: Bloomberg  -  502 words
    • 729 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Feb 15 and earlier) Subsantial No of Price SHAREHOLDING Shareholder/ Buy/ Shares Per Before After Stock Trans Date Director Sen 000 Shr S 00°) 1 ComfortDelgro 15-Feb-06 S'pore Labour Foundation PL *****0 na *****6 12.20 ReyoungPharm 15-Feb-06 NewSmith Capita Partners Sell
      729 words
    • 128 8 HKL (Morpheus), the unit of Hong Kong Land which has made a voluntary cash offer for all the remaining shares in MCL Land, on Monday this week received valid acceptances for 2.64 million shares. This has raised HKL (Morpheus)'s stake in MCL
      128 words
    • 69 8  -  By CHUANG PECK MING THAI Focused Equity. Fund yesterday upped its stake further in Magnecomp International, from 7.1 per cent to 7.3 per cent, after buying more shares of the company in the open market. There was no information on the prices
      69 words
    • Article, Illustration
      912 8  -  Compiled by CHUANG PECK MING Olam International Feb 15 dese: 551.63 KIM EIKi RESEARCH, Feb 15 OLAM'S first-half results show business as usual its profit came in at 5530.7 million. This was below our expectation of 5533.0 million. But the seasonal trend of Olam's second quarter being significantly higher
      Source: Bloomberg  -  912 words
    • 514 8  -  CURRENCIES LARRY WEE Senior Correspondent IN AN otherwise wait-and-see session for most currencies, the sterling pound tumbled to a fresh 30-month low in overnight trading before recovering yesterday against the Singapore dollar ahead of the release of what could be a dovish quarterly
      Source: Reuters  -  514 words

  • SINGAPORE NEWS
    • 679 9  -  AGE-FRIENDLY DRIVE They should invest in ways to maximise output from older workers By CHEN HUIFEN MANPOWER Minister Ng Eng Hen yesterday called on companies to seek help from government schemes to make their workplaces more age-friendly, saying it would give
      FILE PHOTO  -  679 words
    • 337 9  -  By CHEN HUIFEN SINUArUKh is maKing progress on the wage restructuring front, with 90 per cent of the workforce in large enterprises having some form of flexible wage system as of June 2005. This is a 10 percentage point increase over the 80 per
      337 words
    • 326 9  -  Bv CONRAD TAN CASA Rosita, one of the largest freehold residential sites in the prime Newton area, was put up for collective sale yesterday at an asking price of $300 million. The development at Bukit Timah Road has a
      326 words
    • 316 9  -  By OH BOON PING THE government is spending $60 million to upgrade road infrastructure and another $21 million to make public buses wheelchairaccessible in a bid to promote a more "barrier-free" public transport system. The Land Transport Authority (LTA) said yesterday the upgrade of road
      TERENCE TAN/ST  -  316 words
    • 321 9  -  Most sectors experience higher receipts, says Dept of Statistics By DANIEL BUENAS SINGAPORE'S overall retail sales index rose 7.4 per cent in December from a year earlier, with most sectors reporting higher receipts, the Department of Statistics (DOS) said yesterday. Excluding vehicles,
      321 words
    • 386 9  -  By CONRAD RAJ SINGAPORE'S proposed new rules for charities and other institutions of public character (IPCs) yesterday won praise from the president and chief executive officer of one of the world's leading fundraising bodies. Paulette V Maehara of the Association
      386 words
    • 212 9 Bloomberg SINGAPORE'S government will probably say its economy expanded faster than initially estimated in the fourth quarter after exports grew at a record pace in December. Gross domestic product expanded an annualised 11.8 per cent in the fourth quarter from the third, according to
      Bloomberg  -  212 words
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  • FOCUS: MANUFACTURING
    • 807 10  -  HARD-DISK DRIVE Up to a third of the disk drives made globally are rolled out of the Republic. CHUANG PECK MING reports CHUANG PECK MING THE first hard-disk drive took up a storage closet. Half a century later now, a five gigabyte drive can
      AP  -  807 words
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      6,100 words
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  • ECONOMY WATCH
    • 601 11  -  Govt roadshow in S'pore highlights investment opportunities By VIKRAM KHANNA [SINGAPORE] Capitalising on a fast growing economy, a resurgence of investor confidence and a booming stock market, Pakistan is stepping up its privatisation drive. Yesterday, its government put on a roadshow in Singapore to publicise
      YEN MENG JIIN  -  601 words
    • 715 11 It forms dedicated trade enforcement task force for this AP [WASHINGTON] The Bush administration has declared that.the US has entered a new phase in its economic relationship with China and promised "rigorous enforcement" of laws aimed at curbing unfair trade practices. The pledge
      AP; BLOOMBERG  -  715 words
    • 559 11 Reuters [BRUSSELS] Europe's economy lost steam in late 2005 as German growth screeched to a halt, but European Union finance ministers and economists on Tuesday clung to the belief that a long-forecast upturn would materialise this year. As the ministers met
      Reuters  -  559 words
  • Page 11 Advertisements
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  • MALAYSIA/INDONESIA
    • 679 12 Deal will give M'sia bank a footprint in China, strengthen position in HK Reuters [HONG KONG] A unit of Malaysia's Public Bank Bhd is paying HK$4.5 billion (*****.6 million) in cash for the small Hong Kong banking arm of
      Reuters  -  679 words
    • 471 12 Bloomberg [JAKARTA] Indonesia's economic growth slowed to 4.9 per cent in the fourth quarter as higher borrowing costs curbed consumer spending. The expansion in Southeast Asia's largest economy, the slowest in six quarters, followed a revised gain of 5.6 per cent in the three
      Bloomberg  -  471 words
    • 180 12 Bloomberg [JAKARTA] PT Pertamina, Indonesia's state oil company, may replace China Petroleum Chemical Corp as its partner in the construction of the nation's 10th refinery because the companies haven't agreed inyestment terms for the IKSject. may cancel ■pflftis to cooperate with Sitela's largest refiner
      Bloomberg  -  180 words
    • 303 12 ■Bloomberg [KUALA LUMPUR] Malaysia lowered the amount that mobile-phone operators can charge other providers to access their networks, and raised the rate that Telekom Malaysia is allowed to charge to connect fixedline calls in the country. The new access prices between fixed-line and
      ■Bloomberg; REUTERS  -  303 words
    • 2393 12 VOL NfelS Ml W- COM) AIM Realty 141 unch 0 Abhc *33 -0.01 55 ACP Industries 0.70 0.01 258 Advance Synergy -0-26 unch 164 AdMHtt... ...0.30 0.01 863 AEMutti. .0.43 -0.03 1905 AffinHldgi 1.62 001 483 Ahmad Zaki Res 1.30 0.03 11 AIC Corp 1.14 0.02 28 AkAsia
      2,393 words
  • Page 12 Advertisements
    • 879 12 ;*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com sg BUY IT -SELL IT FIND IT LOST STOCK CERTIFICATES The following stock certificates have been reported lost, mislaid or destroyed by the stockholder namecfbelow:Name of Company Cert. Nos. NO. Of StPCKs In tttt Mm* Of MCL Land Limited *****226 $1,000 Tiang Wan
      879 words
    • 201 12 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF WEE TOCK SIAN (PTE) LTD (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50, that a Final Meeting of the Members of the
      201 words

  • GREATER CHINA
    • 616 13 Investors with less than 5% of stock need not reveal short positions Bloomberg [HONG KONG] Hedge funds, which manage about US$B5 billion of assets in Asia, are benefiting from loopholes in Hong Kong's disclosure rules that allow them to disguise their voting intentions. Minority
      Bloomberg  -  616 words
    • 450 13 Reuters [SHANGHAI] Beijing has more than doubled the amount ABN AMRO can invest in China's main financial markets, regulators said yesterday, in the latest sign of ongoing reforms to boost the nation's ailing stock markets. The Dutch bank was given an additional
      Reuters  -  450 words
    • 268 13 Bloomberg [SHANGHAI] Citigroup Inc, the world's biggest financial services company, won approval from shareholders of Shanghai Pudong Development Bank Co to increase its stake in the Chinese lender to 19.99 per cent. A shareholders meeting in Shanghai yesterday also agreed to free Citigroup from
      Bloomberg  -  268 words
    • 348 13 [HONG KONGI More than half of the leading company bosses around the world plan to do business in China in the next three years as their brands compete for customers in emerging markets, the South China Morning Post reported. The newspaper
      AFP  -  348 words
    • BRIEFLY ASIA
      • 70 13 Bloomberg [NEW DELHI] The Delhi High Court will decide whether the Indian government can form joint ventures for the New Delhi and Mumbai airport before the verdict in a case challenging the selection of partners. Reliance Airport Developers Ltd asked the court
        Bloomberg  -  70 words
      • 83 13 Reuters [HONG KONG] Sinopec Corp will pay a higher-than-expected US$l.77 billion to take four Chinese-listed units private, a source close to the deal said, as Asia's top oil refiner simplifies a convoluted structure. The firm intends to pay 14.25 billion yuan (552.9
        Reuters  -  83 words
      • 78 13 AFP [KUALA LUMPUR] Bursa Malaysia yesterday posted 132 per cent net profit rise for 2005 to RM81.34 million (5535.6 million) due to lower operating expenses. "We have done well in our first year as a listed company, despite difficult market conditions," said Bursa Malaysia
        AFP  -  78 words
      • 48 13 Reuters [HONG KONG] Property developer Chinese Estates Holdings Ltd said it was "pursuing the possibility" of a spin-off of some of its commercial properties into a real estate investment trust. The terms and timing had yet to be determined, it said. —Reuters
        Reuters  -  48 words
    • 385 13 Reuters [BEIJING] Industrial and Commercial Bank of China (ICBC) aims to increase profit and reduce bad loans in 2006 and list its shares on the stock market as soon as possible, the country's biggest lender said on Tuesday. The bank said it
      Reuters  -  385 words
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  • INDIA
    • 238 14 AFP [NEW DELHI] Former US president Bill Clinton will be among a string of celebrities attending a lavish wedding of the son of a New York-based hotelier in New Delhi this weekend, reports said yesterday. Others expected to attend the glittering marriage of i
      AFP; REUTERS  -  238 words
    • 561 14 Compulsory removal done through reverse book building Bloomberg [SHANGHAI] India's capital market regulator plans to remove companies that aren't traded from the bourses to help increase efficiency and scrutiny. "The compulsory delisting of a number of companies has started," M Damodaran, chairman
      Bloomberg  -  561 words
    • 444 14 Reuters [LOS ANGELES] Hilton Hotels Corp will look for partners in China and India who are willing to do large scale development of branded hotels as the company seeks to expand into those market?, its president said on Tf Hilton, which recently
      Reuters  -  444 words
    • 215 14 AP [SAN FRANCISCO] An Indian employee of an information technology consulting company filed a lawsuit on Tuesday alleging he and other foreign workers were required to give their employers their tax return cheques. Starting when he arrived in the United States from
      AP  -  215 words
  • Page 14 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 585 15 Clients with over US$1m to invest add a net 8.6b Swiss francs in Q4 Bloomberg [ZURICH] Credit Suisse Group's private bank said new assets more than doubled in the fourth quarter as it added clients in growing markets such as Asia. Clients with more
      Bloomberg  -  585 words
    • Article, Illustration
      130 15 THAI Prime Minister Thaksin Shinawatra (left) sharing a light moment with Singapore Deputy Prime Minister. Coordinating Minister for National Security and Minister for Law S Jay akumar at a lunch hosted by the premier for the Asean Charter Eminent Persons Group in the Thai capital yesterday. According
      FILE PHOTO  -  130 words
    • 384 15  -  By ANTHONY ROWLEY in Tokyo TOSHIBA Corporation, Japan's second-largest electrical and electronics corporation, has set up a sales and marketing company in Moscow in readiness for what it thinks will be a strong surge in Russia's economic growth once the country joins the
      384 words
    • WORLD WATCH
      • 88 15 Bloomberg, Reuters [LONDON] Mittal Steel Co, embroiled in a US$23.l billion hostile bid for Arcelor SA, posted a 58 per cent decline in fourth-quarter profit on higher costs and lower prices, and said no turnaround is likely for months. Net income dropped
        Bloomberg,; Reuters  -  88 words
      • 58 15 Reuters [TOKYO] A Japanese stock fund to be managed by Daiwa Asset Management Co Ltd was launched yesterday with initial assets of 95 billion yen (Ssl .3 billion), its parent company said. It marked the biggest launch for any Japan-based actively managed fund with
        Reuters  -  58 words
      • 73 15 Reuters [NEW YORK] Nasdaq Stock Market Inc yesterday said it would revamp its market tiers, including a new market for public companies with higher financial and liquidity requirements. It will offer three market tiers in all. In addition to the newly announced Nasdaq Global Select Market,
        Reuters  -  73 words
      • 77 15 Reuters [SEOUL] France's biggest insurer, AXA SA, is in talks to buy a stake in South Korea's third-largest life insurer, Kyobo Life Insurance Co Ltd, said a source yesterday. The size of a possible stake purchase had not been set, nor
        Reuters  -  77 words
      • 69 15 AFP [TOKYO] Mitsubishi UFJ Financial Group yesterday said it expects an annual net profit of about US$lO billion almost twice that of its closest domestic rival MUFG, which became the world's top financial services group by assets after a merger last October, raised its net
        AFP  -  69 words
      • 68 15 Bloomberg [SYPNEY] BHP Billiton, the world's biggest mining company, said first-half profit rose 48 per cent to a record, prompting the company to buy back US$2 billion of shares and increase its dividend. Net income rose to U554.36 billion, or 71.9 US cents a
        Bloomberg  -  68 words
      • 75 15 Bloomberg [ROME] International oil companies are struggling to find spending opportunities because of investor focus on short-term returns and more competition from state-run producers, said Eni SpA's chief executive officer, Paolo Scaroni. Some state-run oil companies, including Saudi Aram co, Petroleo Brasileiro SA and
        Bloomberg  -  75 words
    • 365 15 LATEST US DATA AP. Bloomberg. Reuters [WASHINGTON] Output from US factories, mines and utilities unexpectedly fell 0.2 per cent in January as unseasonably warm weather caused the biggest monthly drop on record in utility output, the Federal Reserve said yesterday. Wall Street economists
      AP.; Bloomberg.; Reuters  -  365 words
    • 793 15  -  ASIA INSIGHT Asian central banks are still in love with the greenback ANTHONY ROWLEY Tokyo Correspondent CENTRAL banks in Asia and elsewhere are developing a bigger appetite for risk, it seems, by shifting part of their huge forex reserves out of government securities and into corporate
      793 words

  • AVIATION
    • 280 16 Reuters [LONDON] Shares in British airports operator BAA Pic rose more than 5 per cent yesterday as expectations rose of a takeover bid by a consortium led by Spain's Grupo Ferrovial. The Singapore government and a Canadian fund manager had approached
      Reuters  -  280 words
    • 742 16  -  It is counting on traditional network carriers to upgrade from their old fleets By VEN SREENIVASAN [SINGAPORE] Airbus may have overtaken Boeing in order and delivery numbers during the past three years, but the American planemaker is confident of maintaining
      742 words
    • 460 16 Cold weather tests done, it will head for S'pore airshow [SINGAPORE] The Airbus A3BO the second of the giant jumbos in test flights returned to Tolouse from Iqaluit, Canada, where it successfully completed the cold weather test campaign, and is now preparing to head
      AIRBUS  -  460 words
    • LOG BOOK
      • 75 16 AP [BANGKOK] Thai Airways International said yesterday that net profit fell 33 per cent in the October-December quarter as high oil prices took a big bite out of operating expenses. The national carrier said that net profit in the first quarter
        AP  -  75 words
      • 75 16 Reuters [KARLSRUHE, Germany] A law allowing the German air force to shoot down errant planes to prevent a suicide attack is against the constitution and must be scrapped, the country's highest court ruled yesterday. The German law, drawn up two years after the
        Reuters  -  75 words
      • 80 16 Bloomberg [HONG KONG] Beijing Capital International Airport Co, China's biggest airfield operator, said it handled more passengers and cargo in January, as the nation's growth spurred demand for air travel and freight. Passenger numbers at the Beijing's airport rose 19 per cent from a
        Bloomberg  -  80 words
    • 227 16 [SINGAPORE] Tiger Airways is confident that the new Budget Terminal at Changi Airport will help it cut check-in time for passengers. The airline's chief executive Tony Davis said yesterday that the design of the terminal and the location of Tiger's check-in facilities
      227 words
    • 811 16 oty MB rn MB Bt m 1% n AhmMitf SQ442 2000 15x1 13^1 H^s ~%ir«i M\ if m m ■■T Ore ***** 0715 NZ43W 2325 50<I2 2325 11 J Chicago UAS45 2355 UA»6 0645 im m m ?i8i 036 M eii.«t. —m in CiptM" "sK973 1940
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  • Page 16 Miscellaneous
    • 201 16 CRYPTIC CROSSWORD en to set (7) place reference (6) HH.—HH—HH— They are flag by —HI American fleet (6) 1 That bread is mine thank you 14 Aw j cwarc j admiral to be just Across: 1 Laughing gas, 9 Alarm(s) awkward (9) ists, 10 Amiss, 11 Dredge, 12 Sack--2 Hrfalutin
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  • SHIPPING
    • 709 17  -  Players find ways to get around safeguards put in place by MPA By DONALD URQUHART [SINGAPORE] The health of Singapore's $13 billion bunker industry was a hot topic earlier this week at a marine fuel forum here with participants saying that
      Flli PHOTO  -  709 words
    • 440 17 Probe into asbestos discrepancy has been ordered Reuters [PARIS] President Jacques Chirac stepped in on Tuesday to tackle a messy legal standoff that has ensnared the scrapping of an asbes-tos-laden French warship in India, just days before he makes an official visit to
      Reuters  -  440 words
    • 287 17 SGX '000 fib 15 5$ W- Vol CH Offshore .0.38 -0.01 616 ChuanHup .0.39 unch 2239 Cosco Corporation 1.26 urxh ***** CWT Distribution 0.94 -0.01 24 EzraHldgs 2.15 unch 1255 Freight Links 0 06 urxh 2230 Grand Banks Yacht 0.92 0.01 20 Jaya Holdings 1.33 0.02 2457 K1
      287 words
    • 285 17 Bloomberg [BANGKOK] Thoresen Thai Agencies Pel, Thailand's second-largest shipping company by market value, said profit fell 57 per cent in its fiscal first quarter on higher vessel operating costs and less revenue from freight. Net income fell to 927.6 million baht (Ss3B
      Bloomberg  -  285 words
    • 111 17 Bloomberg [NEW DELHI] Shreyas Shipping Logistics Ltd, an Indian container shipping line, said it is aiming to sell global depositary shares to raise about 10 per cent of the money it needs to expand. Shreyas, which announced a 3.5 billion rupee (Ssl29
      Bloomberg  -  111 words
    • 193 17 Reuters [BEIJINGI Chinese state-owned container shipping major China Cosco Holdings Ltd is likely to enjoy solid earnings in 2006 after a strong start to the year, its president Wei Jiafu said yesterday. Prospects for earnings at the company were "very good" and Cosco had
      Reuters  -  193 words
  • Page 17 Advertisements
    • 25 17 Joining forces? Announce the good news. Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. i NOTICES a
      25 words
    • 222 17 INFORMAL RATE AGREEMENT (IRA) FAR EAST MIDDLE EAST TRADE RATE RESTORATION BUSINESS PLAN FOR 2006 In order to maintain a high standard of service t(\ their customers, the member lines of the Informal Rate Agreement (IRA) covering trade from the Far East to destinations in the Middle East wish to
      222 words
    • 119 17 fife. mm mmm Jtrmm moving moving b movina^L ahead ißßlllk To synergise our resources, and opti mi se operationa I excel lence, we're shifting to our new office on 27 Feb '06 to: With an enhanced working environment, we are well positioned to serve you better in scheduled regional liner
      119 words

  • EDITORIAL & OPINION
    • 469 18 EDITORIAL THE Singapore Exchange's (SGX) public reprimand of thumb drive maker Trek 2000 International for releasing material information through the media makes clear its stance on proper disclosure. But where a strong signal is most needed as far as many investors are concerned regards selective
      469 words
    • 701 18  -  THE BOTTOM LINE ROBERT SAMUELSON A PUZZLE of our time is why the US economy has become increasingly stable while individual industries have become increasingly unstable. The continuing turmoil at General Motors and Ford simply reflects this more pervasive industrial instability also in
      701 words
    • 1115 18  -  Their introduction in the local law will benefit both tax legislators and taxpayers By NICOLE FUNG, MUNJAL ALMOULA COMPANIES are now being managed along global or regional lines, not national ones. Many have global brands and global research and development (R&D) and regional
      1,115 words
    • 1560 19  -  The ingredients are Iraq, Iran, Hamas and cartoons deemed blasphemous by Muslims LEON HADAR Washington Correspondent THE best thing you can say about Vice-President Dick Cheney's recent "hunting incident" is that, to the relief of members of his family, Cheney didn't shoot himself in
      AFP  -  1,560 words
    • 731 19  -  By MICHAEL T KLARE LAT-WP PRESIDENT Bush was right to say that the United States is "addicted to oil" in his State of the Union address. For too long Americans have been consuming ever-greater quantities of the stuff without paying heed to
      LAT-WP  -  731 words
    • 749 19  -  By ANTHONY KUHN LAT-WP AT A roadside store across the street from a kindergarten in Panlong village, a local man sat beside his motorcycle having a soft drink and chatting with a visiting reporter on the recent violence the village had experienced. "Does political power
      LAT-WP  -  749 words

  • Page 19 Advertisements
    • 220 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF iNTERJAYA MARINE PTE LTD (Company Registration No: *****2087 M) (In Members' Voluntary liquidation! NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final General Meeting
      220 words

  • 10506 20 SGX MAINBOARD Transaction date: Feb 15 52-Wk Td Latt VoJ Day Last Quote GrOrv Mr GrVM Nat MCap Hijfc Law Code Co«n«y Sal* *4- fQQW High Low lnyir Sdhr Cw HE iA 6.5 2 5716 1st Software St 2.5 unth 824 2.5 2.5 2.5 3 10.1 20 6
    10,506 words

  • 6145 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local oht In SS In US$ dy Syr %dy yr dy %yr F«b 14 Index Change Ch«nq« Change Chang* Change Ching« World Index Preliminary 991.7 0.5 23 0.4 0.5 03 2.6 EAfE fteiminaiy 1002.6 0.4 3.0 02 15 0.1 3.7 Europe Preliminary
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  • Page 22 Advertisements
    • 1048 22 t 'I I UHjj^^^lr HL f ifet t NYK GROUP SOUTH ASIA PTE LTD otsk LINE Fax: 6292 2856 (Regional sales)/6239 7109 (OPS)/6299 5785 (Documerrtabon) NIPPON YUSEN KAISHA TOKYO «D#AJOJ KABHA. HO. (C/R NO: **********0E) UK CONTINENT SERVICE U.3.A SERVICE Destination Destination C BRAVE ATW/RTM/BMN/TLB/NAN HANJIN BOMBAY VCW/LAX/MZL ERIKOUSA RDM/ATW/BMN/TLB/NAN
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    • 580 22 Imwmoiowwa vßsa/vor «AMPgn hbgmip) wg «ch ig sm STUITS EXPKSS TIN 30 4.1 14/02 STWJTSYBITUK 04/04 1$ 3.2 10/03 11/03 IsmmvpmjttoyM is 3.2 a/03 25/03 30/03 02/04 04/04 [AWTRAiIAN RORO tONKM I vßsa/vor [iamped! wghiwi iqiswini srp Ma adi he *t 10 SUUIK/074 50 4.5 22 22/01 24-24/01 OS-OS/ 02
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  • Page 23 Advertisements
    • 1445 23 WAN HAI NTBtNATIONAL PTC LTD a NO: **********0/RI v "V T1L*****5M (14 LINES) FAX:*****163 T\ \k| lAIA IJ II A I I lIJCC CntaMrS«rvk«/BooldngsDtodUN-(1800)*****200 V 1* A fiHIl lIMI LlllLJ mmmxmmmimiaasmmmmtmmttKkPvmm JOH IB: (07) *****23 MX: (OTHSIMI 80 RL (031) BTS47S HUL 4031) *****4/ 32*1305 «itwi)swmi»wi)Sß4mwi«:7iM»/mi»i n*mm WWW.WM— aiB:»I)4IS7M3WU:|O6t)4IS»«S/*****W Ittl
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    • 1098 23 SIW I JKT He KHH' INC KYH PUS VtSSEL VOY T JKT SUI HKG DSN PUS HY VLADIVOSTOK 172S 23/2 2S/2 2/3 4/3 t/3 »/3 1/3 KMTC SINGAPORE 602S 19/2 72/? 23/2 21/2 4/3 5/3 HY PtOGKESS 109S 2/3 VI 1/3 11/3 13/3 15/3 15/3 KMTC JAKAKTA 403S 24/2 1/3
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    • 856 23 W SOiiSSK WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VKStI I VOY SIN I PJOANgIcOIOMBO It SKY* COLOM6O —Ui— omiw 27 FB 21FB M MAI 07 m liMAi miyumohi QiQiw mmai Q7mai iomai p MM— ton POTAMA YTMo33ll3iut 14MAll 17m 20 MAR gg ALSO
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 7176 24 This ETA HA AdvcrtMr Viml Voy»f« TlliphlM SIN Dtsfn nunc Name Nuibbtr Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 23/02 25/03 Delmas EUSA DELMAS 613W *****344 23/02 04/04 China Shpg PERTH BRIDGE 100A *****898 27/02 04/04 China Shpg CMA CGM FORCE SX215W *****898 02/03
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  • Page 24 Advertisements
    • 428 24 vksei vor sm pcu vtssa voy siw jkt PACIAMPA 1668N 17/02 17/02 PACHNTAM ?33| 1»/02 Of 2301 0240P 11/91 12ZS2 gCMU W* PAOANOA 1669W 11/02 l»/02 "t Bg Zg/M JACMNM LfcZflS mi 20/fl2_ ffilitfAll gg ~Mr— CSF 2301 0241P M K/Q2 gg gflg mum 14Z1M nm gjajg w nfo ufa
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    • 21 24 PLACE YOUR AD HERE The Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 0002
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    • 518 24 I VESSEL IVOY I PKI I SIN I KARACHI PXB lAI NHS PMM BIK KHQg KAN SHAHRYAR PCI 1122 21/02 22/02 03/03 06/03 07/03 13/03 16/03 19/03 RAN BAABAII KL 3123 01/03 02/03 11/03 14/03 15/03 21/03 24/03 27/03 KAN KORDfSTAN PCL >124 10/03 09/03 19/03 22/031 23/03 1 29/03
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    • 322 24 BSAii MYANMA five star une (Mvwmmt Notioad Um) Loodiog for Ymgoa VESSEL VOY SM PKL PW PGU CHM SHWE WW WW SU) PAGAN 349W SU> IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUI/PKL 03-300 SI 3M PIN: 04-*****15 ACCEPTING CONVENTIONAL CBO VESSa VDT HKG SM PKL KOI TM ll\J SDK TWU muss
      322 words


  • BizIT
    • 733 26  -  It declares 16th straight quarter of net income for Q4 of '05, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY PACIFIC Internet (PacNet), which provides Internet services in Singapore and other countries in the region, is poised to take advantage this year of
      733 words
    • 431 26  -  By ROLAND LIM THE majority of private sector IT professionals in Singapore feel that self-reg-ulation, rather than govern-ment-led policies, is key for the development of the local software industry, according to the results of a survey released yesterday. The "2005 Domestic Software Industry
      431 words
    • 121 26 Bloomberg [SAN JOSE] Microsoft Corp chairman Bill Gates says computer-security programs are too complex and need "simplicity" to adequately protect networks. "If we" don't do this right, we won't get the results we need," Mr Gates, 50, said on Tuesday at the annual
      Bloomberg  -  121 words
    • 744 26  -  Analyst forecasts a tough time for PC firms in'06 and '07 By AMIT ROY CHOUDHURY COMPUTER sales are on the rise in Singapore, with 17.3 per cent more personal computers (PCs) sold last year than in 2004, according to latest
      744 words
    • 261 26  -  By WINSTON CHAI NETWORKING giant Cisco Systems and Fujitsu Asia are funding a year-long trial to improve the IT systems at Alexandra Hospital and in the process making things easier for patients. The trials, which will last until September, are expected to cost around US$lOO,OOO.
      261 words
    • 303 26  -  By WINSTON CHAI INSTEAD of relying on subscriptions, M2B World plans to rely on customised advertising to drive the lion's share of income for its upcoming broadband TV service. The local subsidiary of US-based broadband and interactive entertainment provider Amaru Inc is
      303 words
  • Page 26 Advertisements

  • Page 27 Advertisements
    • 22 27 Organised by: Supported by: Partners: Sponsored by: The Business Times HI SIRS sid j|®UBS mmm *■**»<>•■ *>*.*** l <» image Certified Pybk AtcouKumi EXCHANGE ofU*i*K»t
      22 words

  • PROPERTY
    • 1129 28  -  Estimates of 15-20% based on recent transactions done at benchmark prices By KALPANA RASHIWALA THE prime Orchard Road area, which has seen several land deals at benchmark prices of late, will head the next round of increases in development charge (DC) rates
      FILE PHOTOS  -  1,129 words
    • 421 30 HKand Tokyo grab 2nd and 3rd spots, pushing Paris to 4th place: report Bloomberg [LONDON] The British capital remains the world's most expensive place to rent offices, while growth in Asia pushed Hong Kong and Tokyo above Paris into second and third place,
      Bloomberg  -  421 words
    • 170 30 PROPERTY firm Jones Lang LaSalle (JLL) yesterday said it had been selected by computer systems company Sun Microsystems to manage the group's worldwide office, lab and manufacturing facilities totalling 17 million square feet. Under tha Sun Microsystems Global integrated Facility Management agreement JLL will
      170 words
    • 1655 30 PROPFRTY TRANSACTIONS BFTWFFN FFB 7 AND i J^?oQ6_ NAME/ PROP CONmCT TENURE N0N4ANDED The Sal At Mama Bay Apt 05/01/2006 99 1033 1054 1020 IheSaHAt Marina Bay Apt 0301/2006 99 883 1148 Hflf > I District 2 S'% ISMsR IS N0N4ANDE0
      1,655 words
  • Page 28 Advertisements
    • 225 28 «S» -gssP^!jPT Haig Gardens in Katong siws Land 53,093 sf, PR 2.8, 64m AMSL FroehO,d 1 ->H SIMCCt hmb Close to Paya Lebar MRT, A VFsNe amenities and established schools I o Potential for an 18-stycondo of o5^ n 2L TiirJafH^fflF 1 118 units of 1,200 sf apts I Closing
      225 words
    • 200 28 Redevfrjitwwirt mmssmsmmm ■.vv m Existing single storey building with mezzanine level sonmn \yI9PF ExistingGFA:9o3sm Good rental investment yield Various possible viable usage including hostel, F& B outlet *1 foodcourt, retail showroom etc Near amenities at Robertson Quay, Boat Quay and Clarke Quay jJJ Potential for Redevelopment yd/ J Land Area:
      200 words
    • 92 28 For Lease BL Office: 645 to ***** sqft Shop: 312 to 2433 sqft Outside CBD/ Free Shuttle Bus Service to M MRT Station ■L Panoramic city/ sea view Broadband enabled/ SCV Service available ■L Ample carpartdng space a Hong Fok Group M Tot: 6390 2425/6292 8181 4-storey bklg with basement
      92 words

  • Page 29 Advertisements
    • 238 29 i v i rrTTTTwTTm k f I a i f a 1 y A 1 p^^Hj I HMflßyl I Cull Bf.-" w •!I^^H ■Ml Sflj^^^H H 9 fl j9 A.. JuiMtf H t .jflj Jj9^^H|^^H^H Pay a minimum deposit andget the keys to your dream home within TWO WEEKS. 1
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  • Page 30 Advertisements
    • 168 30 UNIQUE DEVELOPMENT SITE ALONG NAPIER ROAD FOR SALE BY TENDER Prestigious address along Napier Road, offTanglin Road Plot Ratio 1.6 jy Approximately 70,810 sq ft SxzsT 111 J Next to Botanic Gardens cwiiry \l\ J J c ~*~/yy T S" \l\ »j2s_ Ideal for luxury condominium s \VSL, G^T^S^ewßD 2
      168 words

  • Page 31 Advertisements
    • 202 31 i? ?3 f Slit flflrtP ;> *a <v f >*_ *"v. v C~j^BS|jßpß An unrivalled quayside experience at Asia's ultimate integrated marina resort Share our vision. Embrace an investment opportunity unlike any other. Sentosa Cove, on Sentosa Island, is the centrepiece of Singapore's billion-dollar plan to develop one of Asia's
      202 words

  • Page 32 Advertisements
    • 1080 32 ADVERTORIAL H Wiring the World with SYSTI MAX' Solutions i»M [J^H Jf fTCJfiij&q cgpjiuo ;8 UK-iSUfpt 30Ujb|6X uejAr 'I How a Leader in Structured Cabling Connects People Worldwide Intelligent systems are all around us. Consider the information panels in our office elevators, the wall mounted LCD displays on our TTI6
      1,080 words