The Business Times, 17 February 2006

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Total Pages: 34
1 34 The Business Times
  • 18 1 THE BUSINESS TIMES Friday, February 17, 2006 SINGAPORE 85 ante online at http://business-times.asia 1 .com.sg MICA (P) 089/03/2005
    18 words
  • Article, Illustration
    74 1 f If there's a dance that expresses the motion and engineering of a top car marque, this might be it. Hundreds ofguests at the official opening of the new Mercedes-Benz Centre on Alexandra Road were treated to a stunning performance from the Moondressers yesterday evening. Flown in
    ARTHUR LEE  -  74 words
  • 662 1  -  By CHEN HUIFEN [SmGAmtE? The Ministry of Trade and Industry (MTI) yesterday unveiled Singapore's R&D roadmap for the next five years, with specific roles and targets for various government agencies. The Science Technology Plan 2010 is part of a national strategy to
    662 words
  • 135 1 ST! 2,434.66 (+10.49) ST INDEX FUTURES (+10.00) siMsa 288.75 (+0.99) SIMSa FUTURES 289.40 (+0.70) MARKETS Thursday Change KLSECOMP 928.10 >0.93 NIKKEI 225 16.043.67 +110.84 HANG SENG 15.450.88 +27.62 SET INDEX 735.16 +9.43 JAKARTA COMP 1.237.87 +0.93 MANILA COMP 2,076,42 +2.33 SEOUL COMP 1,314.32 +10.48 SHENZHEN B 253.23 -4.72
    135 words
  • 717 1  -  Economists expect last year's sluggish domestic demand to pick up By ANNA TEO [SINGAPORE] Consumer spending is predicted to perk up this year as the Singapore economy heads for growth of up to 6 or 7 per cent. But as domestic demand increases,
    Source:NTI  -  717 words
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  • TOP STORIES
    • 787 2  -  Allegations do not state how he violated constitution By OUR CORRESPONDENT in Bangkok THAI Prime Minister Thaksin Shinawatra yesterday won a decisive victory over his political opponents when the country's Constitutional Court decided not to review a petition submitted by 28 senators seeking
      AFP  -  787 words
    • 535 2  -  BT exclusive By LESUE YEE [SINGAPORE] Shopping centres at Causeway Point. Northpoint and Anchorpoint with a combined book value of $655 million are expected to be the main holdings of a Fraser Neave (F&N) real estate investment trust (Reit) to be
      535 words
    • 441 2 Inflation could rise to 0.5-1.5% this year INFLATION fell to 0.5 per cent last year but could rise to between 0.5 and 1.5 per cent this year, the government said yesterday. For' 2005 as a whole, consumer price inflation eased to 0.5 per cent from 1.7 per cent
      441 words
    • 615 4  -  2005 ECONOMIC SURVEY OF SINGAPORE Low inflation of 0.5% last year attributed to slide in COE prices Reports by DANIEL BUENAS [SINGAPORE] Inflation fell to 0.5 per cent last year but could rise to between 0.5 and 1.5 per cent this year, the
      Source:Monetary of Trade & Industry; FILE PHOTO  -  615 words
    • 442 4 Govt officials and economists see turnaround in 2006 [SINGAPORE] After years of decline, there are signs that the construction industry is finally set to grow again. And government officials and economists believe the turnaround will happen this year. In its 2005 Economic Survey
      442 words
    • 445 4 [SINGAPORE] As Singapore restructures its economy, there have been substantial learning and productivity improvements in its manufacturing industries, a study has found. The study, released as part of the 2005 Economic Survey of Singapore, developed a simple model to investigate the phenomenon of learning and productive
      445 words
  • Page 2 Advertisements
    • 395 2 i International Taxation Principles and Planning SEMINAR I Raffles Hot*] Ss2so for Private Client Relationship Managers and Advisers presented by Ned Shetton i> ■>: t .< v. .< v 24MARCH06 Fri 2.00 to 5.00pm (half-day) j.. About the SEMINAR The half-day Seminar outlines the tax principles involved in selected important
      395 words
    • 6 2 THE lUSMESS TIMES 1 1 weekend
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    • 90 4 Award-wining Rang Mahal presents a culinary tradition from the 18 century The Classic Dum Pukht. "Dum" means "to breathe" and "Pukht" means "to cook: The age-old practice involves cooking in an urn sealed with dough, retaining the natural flavours of.,—. J the ingredients as they cook in their own juices.
      90 words

  • COMPANY NEWS
    • 617 5  -  But full-year profit of $750 m is highest ever for a listed S'pore developer By I KALPANA RASHIWALA CAPITALAND saw a 16 per cent year-on-year fall in net profit to $93.2 million for its fourth quarter ended Dec 31, 2005. But fullyear net
      617 words
    • 733 5  -  HOCK LOCK SIEW By YEN SREENIVASAN X PRESS Holdings founder and former chief executive KK Fong has introduced a relatively rare performance-based remuneration package for the company's new chief executive officer. At the weekend, the speed-printing outfit named former Comfort Group managing director Sam Chong
      733 words
    • 213 6 ZHONGHUI Holdings yesterday reported a 22 per cent jump in net profit to 46.9 million yuan (559.5 million) for the fiscal year fended Dec 31,2005. Revenue came to 86.9 ,»million yuan, up 39 per cent from 2004. (> The Chinese solid-waste
      213 words
    • 457 6  -  Shares fall 13 cents to $2.97 after an intra-day high of $3.12 By CONRAD RAJ WATER and fluid treatment company Hyflux posted a 77 per cent surge in net profit to $46.3 million for the year ended Dec 31. The $46.3 million net earnings attributable
      457 words
    • 393 6  -  By WONG WEI KONG KS Energy Services yesterday reported record earnings for 2005 and proposed a bonus issue and special dividends. The energy services group, which caters to the oil and gas and petrochemicals industries, said that net profit more than doubled
      393 words
    • 276 6  -  By CONRAD TAN ECS Holdings, a regional IT distributor and services provider, yesterday posted a 32 per cent increase in its fourth-quarter net profit to $5.7 million, boosted by a move into higher-margin products during 2005. Although the $577.5 million in revenue for
      276 words
    • 661 7  -  Stock price target raised to $20 on potential of huge dividends By YEN SREENIVASAN SINGAPORE Airlines shares soared as much as 6 per cent yesterday after JPMorgan raised its year-end price target to $20 from $14, citing SlA's potential to pay huge dividends.
      661 words
    • 528 7  -  IPO WATCH By MICHELLE QUAH SINGAPORE investors will soon get the chance to sink their teeth into the corn sweeteners business in China. Luzhou Bio-Chem Technology, a leading corn sweetener producer in China, yesterday launched its initial public offering (IPO) for a mainboard listing
      528 words
    • 350 7  -  By CONRAD TAN HOMEGROWN environmental engineering company Metax Engineering is seeking to raise some $4 million in net proceeds through a listing on the Singapore Exchange's Sesdaq board. The company which provides engineering, procurement and construction services for water treatment and
      350 words
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  • SINGAPORE MARKETS
    • 484 8  -  STOCKS Boost from 2006 growth revision, Japan and Hong Kong rebounds; banks and Singapore Airlines shine R SIVANITHY Senior Correspondent NEWS that the 2006 growth forecast has been revised upwards yesterday contributed to a firm session for the local stock market, helped also by
      Saurce:Bloomberg  -  484 words
    • 531 8  -  By CHUANG PECK MING ARB chief executive sells 70,000 shares at $9.40 apiece: KOH Poh Tiong, chief executive officer of Asia Pacific Breweries, the producer of Tiger Beer, yesterday sold 70,000 APB shares at $9.40 each. The sale of the $658,000 stake reduced his holding in APB
      531 words
    • Article, Illustration
      426 8 OTHER SINGAPORE INDICES Feb 16 VALUE CLOSE BT OB/OS -279.00 -119.00 BT CADI -*****.00 +30.00 BT 10-day MA -*****.00 -28.00 All-SG Equities 628.95 +1.40 SG Equities Elect 122.06 +0.12 SG Equities Fin 1754.65 +7.66 SG Equities Prop 766.86 +0.77 SIMSCI 288.75 +0.99 SiMSCI Futures 289.40 +0.70 MOST ACTIVE STOCKS VOLUME
      426 words
    • Article, Illustration
      884 8  -  Compiled by CHUANG PECK MING Singapore Airfines Feb 16 doMK $14.10 MERRILL LYNCH. Feb IS JANUARY traffic data was strong in both the passenger and cargo segments, confirming the management's upbeat comments on the demand outlook in its Decemberquarter results announcement We expect demand to remain firm in 2006,
      Source: Bloomberg  -  884 words
    • 531 8  -  CURRENCIES LARRY WEE Senior Correspondent NEW US Federal Reserve chairman Ben Bernanke impressed with a confident address to US lawmakers on Wednesday, reassuring them that the US economy is looking solid while warning that US interest rates may not have peaked yet. But it was the
      Source: Reuters  -  531 words

  • COMPANY NEWS
    • 386 9  -  Legal proceedings to start if M&V Holding fails to pay $285,000 debt By LESLIE YEE A WHOLLY owned subsidiary of the loss-making materials handling company Greatronic has been served with a letter of demand seeking payment of a debt of $285,000
      386 words
    • 330 9 PORTEK International Ltd is investing $2 million for a 51 per cent stake in an Italian company which provides equipment engineering services in Genoa a move which is expected to generate $10 million in sales in the first full year
      330 words
    • COMPANY BRIEFS
      • 88 9 MEIBAN Group's revenues fell 13 per cent from 2004 to $436.8 million last year, dragging down net profit from $33.4 million to $14.3 million a decline of 57 per cent. Lower business from contract manufacturing hit the company's plastic injection moulding production. Meiban said
        88 words
      • 56 9 FRAGRANCE Properties, a wholly owned subsidiary of Fragrance Group, has exercised options to buy two plots of freehold land for a total of $14.6 million. The plots, at Mergui Road, are zoned "Residential" with a maximum permissible plot ratio of 2.8. There is a total
        56 words
      • 41 9 OCEAN International Holdings yesterday said its performance for the year ended Dec 31 would be substantially lower than that of the previous year due to higher operating costs, particularly freight rates and administrative expenses.
        41 words
      • 49 9 ADVANCED Holdings has an exclusive deal to market Axens' clean fuel process technologies and proprietary products to a new refinery owned by China National Petroleum Co. Axens is a refining, petrochemical and natural gas company offering products including process technologies, catalysts, adsorbents and equipment.
        49 words
    • 239 9  -  By CONRAD TAN THREE former Accord Customer Care Solutions (ACCS) employees who pleaded guilty to cheating Nokia last Thursday were sentenced to jail yesterday. Susan Loo and Ko Slew Kim were each sentenced to 20 weeks' imprisonment, while Mohd Haniffah bin Abdul Halim received
      239 words
    • 284 9  -  By WONG WEI KONG THE majority shareholder of mainboard-listed Asia Tiger Group has sold 41.5 million shares worth $8.3 million in a share placement which the company said would boost institutional shareholding in the office equipment company. China-based Asia Tiger said
      284 words
  • Page 9 Advertisements
    • 32 9 IShEhhiU '^Pl dJtm&wMsx f *^<wk II;.- ■ht** I a. n ¥'r T v< 1 IwHbSsSPm Vv^ W3*va»;- r 'jss&J Paragon #01-34/35 Tel 6735 8147 Ngee Ann City #02-07/08 Tel 6733 9293 www.zegna.com
      32 words

  • SINGAPORE NEWS
    • 496 10  -  LUXURY MARQUES It helps firm renew exclusive dealership for the luxury brand Reports by: SAMUEL EE CYCLE Carriage's investment of more than $40 million in Asia's first Merce-des-Benz Centre was a clinching factor in helping the company renew its exclusive dealership for the
      ARTHUR LEE  -  496 words
    • 353 10  -  MIDDLE EAST LURE By GRACE CHONG SINGAPORE developers with little presence in the Middle East have embarked on a mission to try to capture a slice of the Ss4s billion worth of building contracts in the booming oil-rich region. Some 15 companies are
      BLOOMBERG  -  353 words
    • 401 10 BMW Group has posted another record year of sales in Asia and says it plans to supply the cars from the region itself within about five or 10 years. The marque overtook Mercedes-Benz in Singapore sales for the first time last year, registering more
      401 words
    • 295 10 Bloomberg [KUALA LUMPURI The Islamic real estate fund started last year by Kuwait Finance House and Singapore's Pacific Star Group has invested in a Malaysian project that includes offices and apartments, its first in Asia. The US$6OO million Baitak Asia Real
      Bloomberg  -  295 words
    • 193 10  -  By GRACE CHONG SINGAPORE'S standing in international commercial arbitration has just been raised a notch, thanks to a new dispute resolution centre. The new operation called the International Centre for Dispute Resolu-tion-Singapore was launched yesterday by USbased International Centre for Dispute Resolution (ICDR), the American
      193 words
    • 106 10 9.4% bonus ERS, NSS to be paid in March HOLDERS of Economic Restructuring Shares (ERS) and New Singapore Shares (NSS) will receive 9.4 per cent in bonus shares. This is 3 per cent above Singapore's real GDP growth rate of 6.4 per cent for 2005, the Finance Ministry
      106 words
    • 242 10  -  By NANDE KHIN SMALLER companies can now build a good defence against the economic impact of a bird flu attack with the help of a guide launched yesterday by Spring Singapore and the Singapore Business Federation (SBF). The 24-page Business Continuity Guide is
      242 words
  • Page 10 Advertisements
    • 24 10 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg Qz* mjm NOTICES
      24 words

  • ECONOMY WATCH
    • 644 11 Treasury officials seek assessment of financial markets' likely reaction Bloomberg [WASHINGTON] US Treasury officials are sounding out investors about the potential impact of naming China as a currency manipulator. people familiar with the situation said. Treasury Undersecretary Tim Adams, in meetings in New
      Bloomberg  -  644 words
    • 237 11 AP [KUALA LUMPUR] Foreign investment in Malaysia's manufacturing sector reached RM17.9 billion (Ss7.B billion) last year, its highest level since 2001, the trade ministry said yesterday. Companies such as USbased Intel Corp and Dell Inc. and South Korea's Samsung Electronics expanded production or
      AP  -  237 words
    • 2413 11 VOL Kbit KM W- rWO) A»M Realty 1.40 -0.01 8 Abric .0.32 -0.01 30 ACP Industries .0.73 0.04 1168 Advance Synergy .025 -0.01 242 Adventa j0.30 undi 841 AE Mutt) .0.38 -0.05 443 Affm Hldgs 1.60 -0.02 126 Ahmad Zaki Res 1.28 -0.02 25 AlCCorp 1.11 -0.03 159
      2,413 words
    • 333 11 Reuters [ISLAMABAD] The Pakistani Cabinet approved a regional pact on Wednesday to promote free trade and economic ties in South Asia, home to nearly one-fifth of the world's population. Information Minister Sheikh Rashid Ahmed hailed the ratification of the South Asia Free
      Reuters  -  333 words
    • 429 11 Bloomberg [GENEVA] World Trade Organization chief Pascal Lamy lashed out against rising protectionism in the US, saying Congress is stirring election-year fears about China's growing economic strength. Increasing congressional opposition to free trade is "a worrying development", Mr Lamy, the WTO director-general, said on Wednesday
      Bloomberg; AFP  -  429 words
    • 191 11 Bloomberg [NEW DELHI] India's economy may grow faster than 8 per cent in the year ending March 31 and this expansion will be a "precursor to better times in future", President A P J Abdul Kalam said. "Our economy is on the move and people
      Bloomberg  -  191 words
  • Page 11 Advertisements
    • 241 11 Leam from America's most successful I America's top market educator I I George Fontanills Harvard options educators! MBA Founder of the award I r winning Optionetics Make enormous returns with minimal risk Generate profit risking as little as SG$lOO mTmISS' 5 m Trade on the ASX, NASDAQ, NYSE or any
      241 words

  • MALAYSIA
    • 347 12 Bernama [KUALA LUMPUR] "Sugar King" Robert Kuok Hock Nien tops Malaysian Business magazine's 40 richest Malaysians list for the third consecutive year, with a wealth of RM21.56 billion (559.4 billion) or 27 per cent of the total worth of all 40 individuals
      Bernama  -  347 words
    • 508 12  -  Analysts say stock's sentiment may also be hurt due to rich valuations offered By S JAYASANKARAN in Kuala Lumpur ANALYSTS say that the expensive plan for Malaysia's Public Bank (PBB) to buy a small Hong Kong bank could hurt the
      AP  -  508 words
    • 492 12  -  It will focus on producing its vehicles by 2008 By PAULINE NG in Kuala Lumpur VOLKSWAGEN set up its domestic operations in Malaysia yesterday to the clanging cymbals of a lion dance troupe. But officials from Proton were conspicuously absent from the launch of the
      492 words
  • Page 12 Advertisements
    • 2058 12 NOTICES BUY IT SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. M AND IN THE MATTER OF BAOGUANG PTE LTD (Company Raglstratlon No: 1MM2796E) (In Members Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 55-B
      2,058 words
    • 1445 12 :*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I IN THE MATTER OF THE COMPANIES ACT (CAP. 50.1994 Ed) AND IN THE MATTER OF ING BELGIUM SINGAPORE LTD. (In Members' Voluntary Liquidation) (Company Registration No. *****4094K) NOTICE OF RESOLUTION At an Extraordtoary General Meeting at the members ot»» abovenamed Company duly
      1,445 words
    • 442 12 IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF DAVIS LANG DON SEAH (2000) PTE LTD (In Members' Voluntary Liquidation) (Company Registration No. *****0034 D) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members or the abovenamed Company duly convened and held
      442 words

  • GREATER CHINA
    • 426 13 Reuters [BEIJING] THE Industrial and Commercial Bank of China (ICBC) hopes to raise around 80 billion yuan (5516.1 billion) in an overseas share offering in September, the China Securities Journal said yesterday. The newspaper cited unnamed sources as saying that the state-owned
      Reuters  -  426 words
    • 335 13 AFP [BEIJING] US companies in China are flourishing, with more making profits despite ongoing bilateral trade disputes, according to an American Chamber of Commerce survey released here yesterday. US firms in China are gaining more access to domestic markets and are
      AFP  -  335 words
    • 490 13 [TAIPEI] Taiwan's government fined chipmaker United Microelectronics Corp (UMC) NT$5 million (*****,600) for giving help to China's He Jian Technology (Suzhou) Co, in the latest round of tensions between the chipmaker and regulators. Hsinchu-based United Microelectronics, the world's second-biggest supplier of made-to-order
      BLOOMBERG  -  490 words
    • 306 13 Reuters [SHANGHAI] Top Shang-hai-listed lender China Merchants Bank is set to gain control of a fund venture co-invested by Dutch financial giant ING, a senior ING executive told Reuters yesterday. Christopher Ryan, AsiaPacific chief of ING's asset management arm, said Merchants
      Reuters  -  306 words
    • 471 13 INTERNATIONAL ACCOUNTING RULES New rules in line with international practices, apply to listed firms Reuters. Bloomberg [BEIJING] China will begin using revised accounting and auditing standards from the beginning of next year to bring them in line with international practices. the official China
      Reuters.; Bloomberg; BLOOMBERG  -  471 words
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    • 160 13 KTTWIB J Jgf <u a I *c Oh i 1111 B I X !j<! Ijiilli Hilt u lit ifii i! 11l 3 III! ill ill J l;i i< rt ifs| ffSllil ■|i II l!|li fllltlf U g>iHl! IfllSlt WlJ\ -2 IliHi ii 1 >f <u IVbH hh if c !<9m
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  • NEW FACE OF XIAN
    • 863 14  -  Qujiang district in Xian has revived the grandeur of the Tang dynasty to spark tourism in the ancient Chinese city, reports LEONG CHING LEONG CHING WHILE China is noted today as the factory of the world, the country may well be on the cusp of exporting
      863 words
    • 996 15  -  A Tang dynasty theme park, royal gardens and cultural squares all contribute towards making Xian, and Qujiang district in particular, a tourism hotspot, says LEONG CHING LEONG CHING TWENTY years ago, then US president Ronald Reagan r paid a state visit to China, the
      996 words
  • Page 14 Advertisements
    • 755 14 Introduction to the Investment Attracting Projects of the INMBMHi 88E331 in Western China Xi'an Qujiang New District (Part I) siuivv o. ,h,- Noriii piaza of the B.« w»d <**>*<■. scenery of music fountain In Asia and is made up of the ruins of Chantfan city wall in Tang d V
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  • Page 15 Advertisements
    • 542 15 Introduction to the Investment Attracting Projects of the in Western China Xi'an Qujiang New District (Part 2) Yuan and the building area of 500,000 m 2. and builds sole Investment the supporting facilities such as catering, entertainment centre, apartment, automobile city, sauare, parking lot Culture Experiencing Hotel: Xian etc. to
      542 words

  • INDIA
    • 681 16 Fears unfounded as firm is under EC regulations, says WTO chief Bloomberg, AFP [LONDON] Concern raised over the hostile takeover bid by Mittal Steel for Arcelor stem from foreign aspects of the former, World Trade Organization (WTO) head Pascal Lamy said in comments that appeared
      Bloomberg,; AFP; REUTERS  -  681 words
    • 386 16 AP [MUMBAI] Indian pharmaceutical company Dr Reddy's Laboratories yesterday said it has acquired 100 per cent of Germany's Betapharm Group for US$57O million in cash. The acquisition of Betapharm, the fourth-largest generics drug maker in Germany, would boost Dr Reddy's presence in Europe and increase company
      AP  -  386 words
    • 312 16 AFP [NEW DELHI] Fast food chain Kentucky Fried Chicken (KFC) announced on Wednesday plans to expand its operations in India and the re-opening of a restaurant here after almost a decade. KFC's presence here "will be an important step" in extending its presence in
      AFP  -  312 words
  • Page 16 Advertisements
    • 212 16 I H > |B|j I still get a headstart I JfcsSSiiifci Get up to speed even before you step into the office. Read al the latest financial I _K§gK news, insghts and analyses in the comfort of your home. Invest in a 12-month I subscription of The Business Times at
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  • ASIA-PACIFIC/WORLD
    • 529 18 Deal will create large money manager with US$1t in assets Reuters [NEW YORK] Blackßock Inc is taking control of the asset management arm of Merrill Lynch Co in a deal announced on Wednesday that will create one of the world's biggest
      Reuters  -  529 words
    • 379 18 LATEST US DATA AP. Reuters. Bloomberg [WASHINGTON] Construction of new homes and apartments in the US, defying forecasts of a housing slowdown, shot up in January at the fastest pace in more than three decades. The Commerce Department reported yesterday that building
      AP.; Reuters.; Bloomberg  -  379 words
    • 360 18 AP [NEW YORK] Nearly a year into his job as chief executive of Hewlett-Packard (HP), Mark V Hurd is overseeing a company that is doing what he said it would do: increasing its revenue and improving its profit margins. The company, based
      AP; BLOOMBERG  -  360 words
    • 330 18 Horiealleged to have said out 30m yen to chief's son AFP [TOKYj] Japan'sscandal over disgrace» young Internd entrepreneur implicatedthe chief othe ruling paiy yesterdk with the oppsition allegig that his sol receivedlsecret campam cash. The Opposition Oarged that Tfcafumi Hon, the jailed
      AFP  -  330 words
    • 430 18 AFP [BANGKOK] Thailand's Prime Minister Thaksin Shinawatra said yesterday he was looking for a successor but did not rule out running for a third term amid demands for his resignation. In an interview with AFP, Dr Thaksin also said he could
      AFP  -  430 words
    • WORLDWATCH
      • 91 18 Reuters [NEW YORK] IBM will invest US$l billion to develop software and recruit thousands of consultants over the next three years to expand its business of making corporate information more accessible to office workers, the company said yesterday. It is dedicating 15,000
        Reuters  -  91 words
      • 74 18 Bloomberg [STUTTGART] DaimlerChrysler AG, the world's fifth-largest carmaker, said fourth-quarter profit rose on gains in vehicle financing tid sales of Chrysler cars. The shares ropped after the company failed t(provide a specific outlook. Net incone increased to 966 million etos (Ssl .9 billion),
        Bloomberg  -  74 words
      • 67 18 Bloomberg [NEW YORK] Morgan Staifey, the No 3 US securities firm, iifreased its holdings in General MotoiCorp to 5.1 per cent, joining billioiire investor Kirk Kerkorian another shareholders in buying stoc as the carmaker tries to end Stanley holds 29.6 milhonshres of
        Bloomberg  -  67 words
      • 45 18 Bloomberg [JAKARTA] Nfcvmont Mining Corp, the world's latest gold miner, agreed to pay Indoneili US$3O million in an effort to resolvQa dispute with the government, wlich alleges the company polluUd the sea near its mine on Sulaweli Island.
        Bloomberg  -  45 words
      • 68 18 Reuters [SHANGHAI] PC siipments in Asia, excluding Japan, 9oared 32.6 per cant in Q4, fuelled by sH-ong demand in India and China and bringing growth for the year to 26.2 per cent, according to data released yesterday. PC makers
        Reuters  -  68 words
  • Page 18 Advertisements
    • 905 18 AND NEAVE, LIMITED (Company Registration No. *****0001R) (Incorporated in the Republic of Singapore) DIVIDEND PAYMENT Shareholders approved, at the Annual General Meeting held on 26 January 2006, a final dividend of 35 cents per share, being after deduction of Singapore tax, for the year ended 30 September 2005. This dividend
      905 words

  • Page 19 Advertisements
    • 125 19 IHM??HSnffIHffWWHB Exclusively at Serta Premium Sleep Centre. ra/f/) revealed, when you purchase a Serta, you own more than just a spring bed. The Serta tag bears our passion for craftsmanship, performance and quality. Excellent configuration of materials and premium bedding upholsteries are crafted inside the mattress to guarantee our customers'
      125 words

  • AVIATION
    • 493 20  -  It can train more than 6,000 pilots and flight attendants annually By VEN SREENIVASAN [SINGAPORE] A new $100 million Boeing training centre to be built near Changi Airport will be able to train more than 6,000 pilots and flight attendants
      LIANHE ZAOBAO  -  493 words
    • 398 20 Bloomberg [FRANKFURT] Air FranceKLM Group, Europe's biggest airline, said thirdquarter profit more than tripled, missing analysts' estimates after spending surged for fuel, maintenance and airport fees. Net income in the three months ended Dec 31 rose to 77 million euros (Ssl49 million) from
      Bloomberg  -  398 words
    • 255 20 Bloomberg. Reuters [FRANKFURT] Switzerland has joined a European and US probe into possible price fixing by at least 12 cargo airlines, including American Airlines and Air France-KLM Group. Swiss investigators raided "various companies" on Tuesday for evidence they colluded to raise prices for surcharges
      Bloomberg.; Reuters  -  255 words
    • 426 20 Bloomberg [TOKYO] Toshiyuki Shinmachi, Japan Airlines Corp's chief executive since April last year, has been asked by four of the carrier's 10 directors to quit and take the blame for poor performance, said a company spokeswoman. Mr Shinmachi, executive vice-president
      Bloomberg; AFP  -  426 words
    • 306 20 Reuters [HELSINKI] Finnish national carrier Finnair reported an unexpected fourth-quar-ter pretax loss yesterday, hit by higher jet fuel costs, and predicted weaker firstquarter profitability than in 2005. "The ratio of fuel costs to turnover has risen from 13 per cent
      Reuters  -  306 words
    • 213 20 AFP [JAKARTA] Indonesia's struggling Garuda Indonesia is in talks with German airline Lufthansa in connection with its search for a strategic investor, an adviser to the airline said yesterday. "We're still in talks, as per shareholders' request, to seek a strategic investor,"
      AFP  -  213 words
    • 547 20 9H HWT HA mw ITO tfl jawiiftra OBIS 348 0100 b*&mg MZ900 1140 ?mm mm ■pm j Cap« Town 5 0215 wnsriara! 35 ss gjBj jfljj $&i! ts7^ 0«v»o WF588 1910 M'588 0905 WIS ll li m M 115? wwisos D.t« OKX 1210 8 PurfKH. MPS53
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  • SHIPPING
    • 685 21 French climbdown seen as major victory for environmentalists AFP IPARISI French President Jacques Chirac on Wednesday ordered the asbestoslined warship Clemenceau back home after France's highest court blocked its transfer to India for scrapping. The French climbdown will be seen as a
      AFP; REUTERS  -  685 words
    • 253 21 Bloomberg [BANGKOK] Precious Shipping Pel, Thailand's biggest sea-transportation company by market value, said profit rose 30 per cent to a record last year as it earned more from freight and charter rates. Net income rose to a record 6.18 billion baht (*****
      Bloomberg  -  253 words
    • 453 21 Company upbeat as demand for vessels expected to rise Bloomberg [AMSTERDAM! Aker Yards ASA, Europe's largest shipbuilder, reported a fourth consecutive quarterly profit as it benefited from a tax gain and rising demand for oil-exploration vessels. Fourth-quarter net income rose to 381 million
      Bloomberg  -  453 words
    • 778 21  -  ADMIRALTY CASEBOOK By SELVA KUMAR A LONDON court last week ruled that a shipowner had not ensured the seaworthiness of a brand new vessel it had taken delivery barely a month earlier because it failed to test the safe working loads of hooks
      778 words
    • 644 21 But govt says it will not allow vessel into the country AFP ICHITTAGONGI A Bangladeshi scrap merchant has offered to buy a famed ocean liner crammed with asbestos for US$l2 million, despite warnings from the government that it will not allow the
      AFP  -  644 words
    • 286 21 SGX '000 n>w a w »oi CH Offshore A* -001 924 ChuanHup -039 -001 1132 Coco Corporation 1-23 -0.03 ***** CWT Distribution j0.91 -0.03 32 Ezra Hktat 3.17 0 02 865 Freight Links 0 06 unch 2661 Grand Bantu Yacht 0 «2 unch 9 Jaya Holdings 1.32 -0
      286 words

  • EDITORIAL & OPINION
    • 508 22 EDITORIAL AN impressive jump in Japan's Q4 2005 GDP is expected today. It could well be the strongest number since the Japanese stock market bubble burst in the early *****, providing yet more evidence that the world's second largest economy is on the up and up. Such
      508 words
    • 997 22  -  Companies that master the 'innovation fulcrum' can boost their balance sheets By MIKE BOOKER, MARK GOTTFREDSON IT'S A constant trade-off faced by even the most successful companies, from Honda to Starbucks: customers are crying out for more and more innovation; yet create too many offerings, and
      AP  -  997 words
    • 771 22  -  THE BOTTOM LINE FRANK CHING TO mark the opening of the Year of the Dog, Taiwan President Chen Shui-bian dropped a minor bombshell in the lap of the US. He said he thought it was time to consider abolishing the National Unification Council and
      771 words
    • 948 23  -  Will China, with the government's one-child policy, get as rich as Japan is today before it gets as old? ANDY MUKHERJEE Bloomberg HELEN Qiao, an economist at Goldman Sachs Group Inc in Hong Kong, posed an interesting question this week: "Will China grow old before getting
      Bloomberg; AP  -  948 words
    • 584 23  -  By KEVIN WATKINS IHT GOING by economic measures, India is a globalisation success story. Average incomes, rising at 3 per cent to 4 per cent a year, have doubled since the mid-1980s. Dynamic new industries have emerged, most visibly in the high-technology hubs of Bangalore
      IHT; REUTERS  -  584 words
    • 861 23  -  By HAL R VARIAN NYT US PRODUCTIVITY just keeps humming along. Growth in output per hour in the third quarter of 2005 was a striking 5.4 per cent. In fact, output per hour has grown at an average annual rate of nearly 3.5 per cent over
      NYT; BLOOMBERG  -  861 words


  • 9489 24 SGX MAINBOARD Transaction <U* M>16 SUA ■r.ara.t Stt I it i wa <«>> ii 41 mm I n It l a »a i~in i 11r 41 t> >t m u mi u I n« »tnt Ml «t H P M U» «l ««r HI MM IM«Ba*at* M »i
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  • 5980 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local cwt in SS In USS dy yr dy %yr dy %yr F«b 15 lnd«x Change Change Changa Chang* Ch«nfl« Change World Index Preliminary 992.7_ -0.2 2.4 -0J[ 0J 0.0 2.8 EAft Pleliminary 999.5 -03 2.7 -0.1 15 00 3.7 Europe Preliminary
    5,980 words

  • Page 26 Advertisements
    • 1077 26 I <* IWTymi^^^Pw /g\ NYK GROUP SOUTH ABU PTf LTD AmCuNl y@ 'M' Si K LINE fe 5?92 ?856 ««***MM/©»7109(0P»6299 5706Ooarmon w **>*»ON VVJSCK kaiSHA IonoMMHUMin |C* N0'*****3000® uk cotmwiMT nmci u.*a smvici D^ihfxjtnx 1 Doshnotto^ C BRAVE AJW/RTM/BMN/TIB/NAN HANJIN BOMBAY VCW/lAX/MZL ERIKOUSA ROM/ATW/BMN/TLB/NAN JOHN F CAM/NRC/NOt/SAV HANJIN HOUSTON VCB/VCW/IAX/MZI
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    • 448 26 jr ,,B SflW aim I-si o -m [MMII B <i i MWM n II MM ifcM I »t I ii nm nm mi mm mm [wTCT biwT »mm km vwm »«m wim**m rrm nM bmm ommiimm/m a u'Mi mivv %%m nrnm caw nnvpnv <«>w *t*« |—<n a I «i Ia
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  • Page 27 Advertisements
    • 1027 27 WAN H<y HIBENATIONAL Hi LIP awtfc iiiuiuimT V "V TIL ******11 (14IMS) FA* *****143 WXWAN HAI LINES JssssaessasssLm wtnu* WWW.WIRMI.(VM.>| M M; (Ml) 419W IMb 1*1) 41 *t»/414H0f SSSI IS SS SS 85 M SS A%, SS Iwlwns !ui S8 £5 wo M 'vw ismo iiab xi n*i ii/t> n/w
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    • 957 27 KBSfl. jor_ _y«_ r w mi m m rus *csa m vr jit sui hkg usw wis NTWADWOSWI IVI li/l MVI 4/11/3 1/3 IMK SW6tfQg tOTS IV7 77/7 73/7 71/7 4/3 5/3 10 TOMBS IWS 7/3 VI W 11/1 IV3 IS/3 IV3 OT( JAJUTA M3S ?t/7 1/3 7/3 7/3 11/3
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  • Page 28 Advertisements
    • 889 28 ffH Nordana (Asia) Pie Lid 22EXS22S BSB 70 Shmtm Way, #21-03 Mrtw Hmm *****0 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DMB <g AttlWl PATCS ivtssa VOT t I Pwfc I Fro—tie I Cms Ishad I Christ—s lihad ~jdwrti I P—fr 11 Island Express 1E602 20
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    • 490 28 BSA x MYANMA fln FIVE STAR UNE (Mvommt Notioaol Um) Loading fof Ykjh VESSE VOY SM PU PEN P6U OflN SHWE MAW »0W SID PAGAN 34 9W SID IN MALAYSIA: IOUSYEAD SHIPPING AGENCIES KIK/PKU 03-300 SOU PEN: 04-*****15 jfato&iuiMm Ml ACCEPTING COMVENTIOiAL CBO VESSa VOY HKG SW PU. KOI IM
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  • THE BUISNESS TIMES SHIPPING TIMES
    • 7305 29 This ETA ETA Admrtinr Vwul Voyage Tetophon* SIN Dtsfn Nam* Nmim NuintMr Nwnb#r To ABIDJAN (ABJ) 2003 Cote D'lvoire ***** 04/04 CNna Shpg CMACGM FORCE SX215W *****896 28/02 04/04 China Shpg CMACGM FELIXSTOWE SX217W *****696 02/03 04/04 Own Shpg NEW DYNAMIC 107A *****898 05/03
      7,305 words

  • executive lifestyle
    • 563 30  -  off the cuff jaime ee JACK: Ennis? ENNIS: (grunts) JACK: Ennis, no pun intended, but get your a" up here and look where we are! ENNIS: Duh, Brokeback Mountain? JACK: I wish, but it says here we're on Bukit Batok Mountain. How'd we get here?
      563 words
    • Article, Illustration
      2343 30  -  The Singapore arts scene scales new peaks with an explosion of arts festivals. PARVATHI NAYAR looks at the changing cultural landscape COVER STORY PARVATHI NAYAR fjt M N the past," he M I says humorously, "there was this thing called 'f- The Arts and this other thing called
      2,343 words
  • Page 30 Advertisements

  • CINEMA/PURSUITS
    • 634 31  -  Well-rounded as the two leads in Brokeback Mountain are, there's a sense of stalemate after their big sexual discovery, says PARVATHI NAYAR PARVATHI NAYAR IN a way it feels like a creative writing exercise: pair two unlikely words together "gay" and "cowboy" and submit a
      634 words
    • 540 31  -  By PARVATHI NAYAR IT is a movie that is such a riff on superficiality, you've got to take it seriously. The film in question is Zoolander no, not a sequel, but the original 2001 product that is being reviewed now because it was banned in Singapore
      540 words
    • 575 31  -  By GEOFFREY EU WE already know all about the Hollywood tendency to churn out noisy, big-budget movies that have nothing in particular to say while on the other end of the cinematic spectrum, European filmmakers have a certain knack for producing quietly disturbing (some might
      575 words
    • 530 31  -  MUSEUMS By CHEAH UI-HOON IN war history, this was a significant week for Singapore. Those well-versed with World War Two will recall that Feb 15,1942 marked the fall of Singapore to the Japanese Army a move described by Winston Churchill, the
      ARTHUR LEE  -  530 words
  • Page 31 Miscellaneous
    • 260 31 CRYPTIC CROSSWORD 7 Opposition leader following HL_flE__flfl_JHl obvious policies (9) K I I I I I I j 8 Big gun, we hear, in the L_J L_J 10 Game with rake allowed last Balanced old politician out- —L_l——L_j wardly worried (8) 15 Box sound of bell's mandatory 17 American measure's
      260 words

  • PURSUITS
    • 934 32  -  CHEAH UI-HOON checks out Workloft@Wessex, which has attracted a fair number of pioneer residents CHEAH UI-HOON COULD one's working environment add to the quality of one's working life and output? If you're an artist or in the creative industry, it's a definite yes, hence the success of schemes
      ARTHUR LEE  -  934 words
    • 281 32  -  THEATRE By PARVATHI NAYAR PREMIERING on Valentine's Day, Confessions of 300 Unmarried Men directed by Paul Sadot, is the second part of an Action Theatre trilogy that began in 1997 with Confessions of 3 Unmarried Women. Featuring vignettes by Desmond Sim, Alfian Sa'at, Tan
      281 words
  • Page 32 Advertisements
    • 232 32 Diners Club Card roa W »/»«ff64i6 0980 A World of Exclusive Privileges Treats Diners Club V™ International' l www.amers.com.sg EXCLUSIVE WINE LABELS FROM: AUSTRALIAN FRENCH TAUAN Dominique Portet Barton ft Guts tier ,s Eileen Hardys Baron Edmondde Rothschild r,ri?[^ Thomas Hardys Chateau La Tour Martlllac r fall Normans Deutz Champagne
      232 words
    • 133 32 Experience an irresistible brew of culture and cuisine at Si Chuan Dou Hua With the opening of a newly refurbished Si Chuan Dou Hua and its companion Tian Fu Teahouse, your gourmet outings will never be the same. This unique pairing combines the finest Chinese cuisine with a selection of
      133 words
    • 170 32 Children Eat for Free! International Buffet fa eeary pa»Ni ade*. OWiLki<#a-H— Lunch (Mon-Fri): MHfct Adult $27 Child $19 w Buffet Tunch (Sat Sun): T [\jMp Adults 27 Childsl9 Dinner (Mon-Thurs): fnr FDPP Adult $32 Child $20 lUI l Dinner (Fri-Sun): MMM Adult $38 Child $22 For reservations, please call 6432
      170 words
    • 32 32 c £efVl(pte/ 40 Holland Grove Rd. Tel: *****053 r— 1 Holding an auction? Call 1800 289 8822 or email notiees@sph.eom.sg to book your auction notice in our newspapers now. AT3 >3& NOTICES
      32 words

  • WINE
    • 1292 33  -  Wine is to be enjoyed and to increase the pleasure of one's food, says N K YONG. He gives some advice on how best to achieve that N KYONG. IN matching wine with food it makes sense to develop some general principles which are
      1,292 words
    • 5495 33 UNIT TRUSTS FUNDS AM Amro Aaaet Mgt (S'pore) Star Europe Eqty!** 0.892/ Star Europe Band 1.172/ Star Europe Bal 1.14» Star Asian Tiger Eqty 1.156/ Star Asia Band 130* Sar Asia Balanced 1-072/ Star Global Tecfmology Fund!** 021/ Mult) St Fd 1053/ Star Asia BondtUSO) 0.804/ Gt) Muhi St USD
      5,495 words
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  • FRENCH FLAIR
    • 1001 34  -  Is the French wine industry facing a crisis? N K YONG looks at the current trends and future of French wines N KYONG PRESS reports in the past few years have been highlighting the crisis in the French wine industry sales have dropped, overall
      FILE PHOTO  -  1,001 words
    • 280 34  -  A very personal list,basically these properties I follow(and buy)every vintage By N KYONG BORDEAUX First Growths: Chateau Hantßrion Chateau Lafite Rothschild Chateau Latour Chateau Margaux Chateau Moutonßothschild Chateau Ausone Chateau Cheval Blanc Chateau Petrus Other Crus Classes: Chateau Angelus Chateau Canon Chateau Canon-Gaffeliere Chateau Cos
      280 words
  • Page 34 Advertisements
    • 163 34 5-seater Scfafk. It's got that little fun-filledweekend, a family day but with the dog illSlll simply a the, Sctak makes It easy, with practicaifw: smart cabin design, plus the comfortable driving pleasure of a saloon. gc^' £Vtf SAFETY WITH RENAULT WM/L* The car manufacturer with the maximum V M P*s
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    • 2 34 M SI
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