The Business Times, 20 February 2006

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Total Pages: 38
1 38 The Business Times
  • 25 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial .com.sg mi m mi lulu»im>i iimm mm mi i "ininim MICA (P) 089/03/2005 Monday, February 20,2006
    25 words
  • 645 1  -  It sells 54% of its UOB stake for $378.8m By LESLIE YEE [SINGAPORE! Hotel and property group Overseas Union Enterprise (OUE) has sold 26.1 million shares of United Overseas Bank for about $378.8 million and is returning a hefty $564.2 million to shareholders in
    645 words
  • 132 1 MARKETS Week Chge STI 2431.34 +7.75 KLSE COMP 926.47 +6.16 •NIKKEI 225 *****.45 -544.38 tfANG SENG *****.69 +49.74 SET INDEX *****.—+1.28 JAKARTA COMP ...1243.48 -9.63 MANILA COMP ....2102.16—+16.87 TAIPEI TAIEX 6673.75 —+78.83 SEOUL COMP 1332.73 -2.50 SHENZHEN B 254.44 +4.49 AUSTAILORD 4748.50 -69.20 DOW JONES *****.32 ....+196.27 NASDAQ
    132 words
  • 658 1  -  S'pore initiative couldn't have come at better time: Frederick Tsao By SIOW LI SEN [SINGAPORE! With Asia's first business trust headed for a listing on the Singapore Exchange (SGX), there is one industry that seems to be particularly keen on this new
    658 words
  • Page 1 Advertisements
    • 267 1 BROADBAND NETWORK S'pore's fast track in a flat world pg3s INTELLECTUAL PROPERTY S'pore firms found wanting m two areas PG2 V DINING OUT Classic Chinese at h (T I h A f" f*%if* f*| A f* 6 M Beating the odds: a watershed year for airlines, Pg 17 fijlfll w
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  • TOP STORIES
    • 810 2  -  NUS study also finds sizeable proportion without IP protection By DANIEL BUENAS [SlNGAPOßE] Most of Singapore's knowledge-inten-sive firms may be involved in innovations, but a startling number do not have any form of intellectual property (IP) protection for their innovations, a
      YEN MENG JIIN  -  810 words
    • 475 2  -  By SHOEB KAGDA in Jakarta THE last time Minister Mentor Lee Kuan Yew visited Indonesia, the country was facing a constitutional crisis and its economy was In a tailspin. Back in February 2001, then president Abdurrahman Wahid was facing impeachment while
      475 words
    • 402 2 Joint bid possible with Permodalan for 13.5% stake [KUALA LUMPUR] Khazanah Nasional, Malaysia's state investment company, is mulling a proposal to acquire a substantial stake in Britain's Standard Chartered pic that belongs to the estate of the late Singapore tycoon Khoo Teck Puat,
      402 words
    • 580 2 Tsao family to set up own merchant bank THE Tsao family is setting up its own merchant bank to better control its shipping business. Alter all, it understands the risks involved in the shipping industry, said Frederick Tsao, chairman of IMC Pan Asia Alliance Group. IMC is already
      580 words
    • 561 3  -  Pan Asian Capital to be ready in 6-12 months, says IMC chairman By SIOW LI SEN [SINGAPORE] The Tsao family is setting up its own merchant bank to better control its shipping business. The family, after all, understands the risks involved in
      561 words
    • 745 3  -  WALL STREET INSIGHT But market braces for flood of economic data that will underpin or undermine his optimism By ANDREW MARKS in New York AS the song goes, a spoonful of sugar helps the medicine go down. Last week, a solid dose of optimism
      AFP  -  745 words
  • Page 2 Advertisements
    • 129 2 LEARNING CAPITAL I INSTITUTE "y* I ENHANCE YOUR INTERPERSONAL AND PEOPLE DEVELOPMENT WITH PSYCHOLOGY Take up our Diploma in Psychology or Counselling Psychology for a firm foundation in understanding human behaviour and developing helping skills. Know your workplace psychology and improve your perfomance at work! Enrol with us today! Diploma
      129 words

  • Page 3 Advertisements
    • 117 3 -a.*.-' ;-V ,/v U '-J* v. >• nt k t *s.; «*>* **V v >,:• M' <M *4rm I £3&S #>>7 >4 > ii 1 »s r *k, A problem is a situation that presents difficulty. Many experience feelings of discomfort when confronted with one. Few see that every problem
      117 words

  • COMPANY NEWS
    • 428 4  -  If not for FY2004 exceptional gain, profit would have been 3% higher By LESLIE YEE PROPERTY group United Overseas Land (UOL) has reported a 74 per cent fall in net profit to $100.1 million for the year ended Dec 31,2005. But profit fell
      FILE PHOTO  -  428 words
    • 155 4 TRI-M Technologies disclosed over the weekend that interim losses had been understated due to an over-statement of sales. Pre-tax loss for the half-year ended Sept 30, 2005 should be $1.95 million, not $1.15 million as reported earlier. TRI-M said that it had at end-November discovered that
      155 words
    • 654 4  -  HOCK LOCK SIEW By R SIVANITHY ELECTRONICS firm Electrotech Investments disclosed in its third-quarter profit statement that its earnings per share for that quarter was 2.23 cents and that the nine-month figure was 7.51 cents. A simple extrapolation suggests that Electrotech will earn
      654 words
    • 852 4 Reuters Ever paid-good money to be criticised? Raymond Kwong, managing director of Singa-pore-listed software firm Axis Systems Holdings Ltd, did just that. Mr Kwong paid an annual fee of $8,000 to be researched by two brokerages under a scheme supported by the SGX and
      Reuters  -  852 words
    • 727 4  -  Companies have overcome earnings volatility worries By SIOW LI SEN ASIAN corporates' use of derivatives to help hedge or manage risks doubled last year as these financial instruments become more globalised overcoming even worries that they could create some volatility in earnings, because
      727 words

  • SINGAPORE MARKETS
    • 1426 5  -  TEH HOOI LING Senior Correspondent THE market is getting jittery, as evidenced by a few big swings in market direction last week. On Wednesday, the Straits Times Index fell as much as 26 points before recovering to end the day at almost 17 points down.
      1,426 words
    • 1323 5  -  INSIDE MARKETS Fund managers hog buying activity with large deals in Advanced Holdings, CSE Global and Food Junction, reports ROBERT HALILI ROBERT HALILI TRADING done by directors and substantial shareholders heated up last week, with significant purchases and sales in several firms. Fund
      1,323 words
    • 640 6  -  STOCKS R SIVANITHY Senior Correspondent SOME players might have been caught by surprise as the market weakened towards the end of last week, since it occurred in spite of Wall Street's decent showing (which in itself is a surprise given US interest rate and
      640 words
    • 508 6 CURRENCIES AFP [HONG KONG] Asian currencies were mixed against the dollar last week despite hints of further rate rises in the United States amid a lack of clear indicators. Japanese yen: The yen edged up against the dollar last week, with the Japanese
      AFP  -  508 words
    • 1711 6 Consensus No.of Forecast Mean FfTs recommendation esti- EPS K target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.13 2.22 8 5.36 24.24 1.43 1 30 Ascendas REIT 239 229 13 11.41 18.85 2.32 2.17 Aussino Group 2.00 1.00 2 4.55 8.35 0.54
      1,711 words
    • 776 6 Payment El loots Pay Payment Ex Books Pay lc«*l #at« dm <f»_ ISM—toi dose date Anrtefc Engg20c I 1.00 134* 164* 274* Noel Gifts mtl e 200 09-Mar 14-Mar 03-Apr AscendasRETT n 2M H4m 2Mw 244* NOL a 92 00 25Jan 014* 21-f* Asian Micro w US 2M*
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    • 310 6 COMMODITIES AFP [LONDON] World oil prices dived below US$6O last week, as a jump in stockpiles of US crude inventories offset concerns about possible supply disruptions in major exporter Iran. Metals fell across the board on profit-taking after recently striking historic
      AFP  -  310 words


  • Page 7 Advertisements
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  • DINING OUT
    • 1300 8 Asia Grand Restaurant 37 Scotts Road, Asia Hotel Tel: 6887-0010 ASIA Hotel hardly ever makes a dent in the old memory bank when it comes to deciding on which Chinese restaurant to go too. If you drive anything bigger than a Matchbox car, you might want
      1,300 words
  • Page 8 Advertisements
    • 1321 8 NOTICES Toll free: 1800-289-8822 Email: notices^sph.com.sg BUY 'T SEL. IT-FIND IT PT INTERNATIONAL NICKEL INDONESIA Tbk ANNOUNCEMENT TO ALL SHAREHOLDERS Notice is hereby given that PT INTERNATIONAL NICKEL INDONESIA Tbk (hereinafter referred to as "the Company" will convene an Annual General Meeting of Shareholders of the Company on March 29,
      1,321 words
    • 333 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER Of PACIFIC* SHIP MANAGEMENT (SINGAPORE) PTE LTD (COMPANY NO. *****1571E) (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of the Minutes of on Extroordinory General Meeting of PACIFICA SHIP MANAGEMENT (SINGAPORE) PTE LTD signed by the Representative of the Holding
      333 words
    • 19 8 1 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email noticestsph.com.sg.
      19 words

  • SINGAPORE NEWS
    • 752 9  -  Industry officials say it could draw other China firms to S'pore oil assets By RONNIE LIM PETROCHINA'S participation in a mega $750 million oil terminal being built on Jurong Island by leading local trader Hin Leong signals the possibility of more investments
      FILE PHOTO  -  752 words
    • 128 9 DATE/ TIME EVENT VENUE 20 Feb Seminar on Stress in the Marina Mandarin 7pm 21th Century Hotel, Merrill Lynch Auditorium 23-24 Feb Asia Business Forum Grand Copthorne 8am Company Securities Law Waterfront Hotel 23-24 Feb Asia PR Werkz Workshop 1 Supreme Court Lane, 9am Strategic Conflict Level 2
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  • Page 9 Advertisements
    • 380 9 When it comes to investing, you can never be certain whether you'll achieve positive results. ÜBS Absolute Return seeks to preserve capital and provide stable positive returns. In other words, no matter what the market is doing, ÜBS Absolute Return aims to provide stable performance for your investment. It's a
      380 words

  • VIEWS FROM THE TOP
    • Article, Illustration
      1983 10 THIS WEEK'S TOPIC Are you satisfied with the recommendations on helping our seniors? What other measures would you like to see implemented? A LARGE number of elderly people are not well-to-do, and this group requires attention and help. Measures proposed by the authorities have covered the important aspects.
      1,983 words
  • Page 10 Advertisements
    • 89 10 BT CEOs e-dub v- vVT v Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact witn in an atmospnereot informality and trust This'dub'is a virtual one; e-mail. Each week, we will economic and corporate issues. Their views will then be published
      89 words

  • Page 11 Advertisements

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Young and derivatives savvy
      • 1285 12  -  SMU student Lucas Lim has been trading US stock options successfully for over 18 months, while insurance executive John has been focusing on one type of structured warrants on one stock listed on the local bourse. MATTHEW PHAN charts their progress MATTHEW PHAN OPTIONS trading
        1,285 words
      • 922 12 IN contrast to options investors who prefer the diversity and liquidity of the US market, a mid-twenties insurance executive, who prefers to be known as John, trades only one type of structured warrants on only one stock listed on the local bourse. John trades Capita
        922 words
      • 206 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 have
        206 words
  • Page 12 Advertisements
    • 47 12 ciii bank 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.
      47 words

  • ECONOMY WATCH
    • 503 13 ADB chief upbeat after Q4 5.5% GDP growth result AFP [WASHINGTON] The Japanese economy, which has expanded five times faster than that of the US, is poised to regain its role as Asia's key growth driver, Asian Development Bank (ADB) chief Haruhiko Kuroda
      AFP; REUTERS  -  503 words
    • 259 13 Reuters [AMSTERDAM] The Netherlands is a haven for money laundering with at least 18.5 billion euros (5535.8 billion) processed every year, 20 per cent of which stems from domestic criminal activity, a study said on Friday. Finance Minister Gerrit Zalm said he would consider
      Reuters  -  259 words
    • 169 13 Reuters [SEOUL] South Korea will scrap some restrictions in the financial sector through a new law that will allow companies to offer stock brokerage, futures trading and asset management under one roof, the finance ministry said. The combined law on non-bank financial services
      Reuters  -  169 words
    • 247 13 Reuters. Bloomberg [BEIJING] The People's Bank of China is committed to letting market forces drive exchange rates and interest rates, Wu Xiaoling, a deputy governor of the central bank, told business magazine Caijing. Speculation persists that China might announce a change in
      Reuters.; Bloomberg  -  247 words
    • 511 13 Private investors buying Treasury securities may keep the dollar stable NYT [NEW YORK] Guess who's financing the budget deficit of the United States? Hint: Very few Treasury securities are being purchased by American consumers or businesses. The federal government released its calculations last week
      NYT  -  511 words
  • Page 13 Advertisements
    • 277 13 BUSINESS I 6,552 rnileT^M Y 7 13,244 miles HI ECONOMY WBESM Terms t Conditions To ncilvi the doubt# bonus rwlti, nwnbcri rnust pre ri|iMif for tht doubk bonus fniics durifyj the campaign ptnod and By with ANA from Of Dec 2005 to 31 Mar 2006 [based on boarding dm]. Campaign
      277 words

  • MALAYSIA/INDONESIA
    • 433 14 Resolutions calling for removal of board members were withdrawn [KUALA LUMPUR] The boardroom tussle in TH Hin Corp Bhd ended amicably before its annual shareholders' meeting on Friday, with all warring parties agreeing to bury the hatchet and work together to take the company
      433 words
    • 500 14 Reuters [SINGAPORE] Oil traders looking for a rebound in Indonesia's oil demand that could resuscitate moribund diesel and gasoline markets may be in for a long wait as Indonesians have quickly learned to live with less fuel. Despite hopes for a quick recovery,
      Reuters; BLOOMBERG FILE PHOTO  -  500 words
    • 252 14 [KUALA LUMPUR] The EPF board is considering a dividend ranging from 4.75 per cent to 5 per cent, the Sunday Star reported sources as saying. It is learnt the board had made the recommendation based on the financial year for 2005 to the government
      252 words
    • 234 14 Bloomberg [JAKARTA] Indonesia appointed a government minister to helm talks between state oil company PT Pertamina and Exxon Mobil Corp to resolve a dispute about who should operate the country's biggest untapped oil field. Indonesia's State Enterprises Minister Sugiharto was named to nftdiate
      Bloomberg  -  234 words
    • 546 14  -  MALAYSIA INSIGHT Multi-party negotiations is the norm in many places S JAYASANKARAN KL Correspondent THE takeover tussle for Southern Bank Bhd (SBB) is getting increasingly acrimonious. Last week, Bumiputra-Com-merce Holdings (BCB) made a RM6.4 billion (Ss2.B billion) offer for the bank which SBB's
      546 words
    • BRIEFLY ASIA
      • 69 14 Reuters [NEW DELHI] Fremji President Jacques Chirac arrived in India yesterday with a group of top CEOs to improve trade ties with Asia's third-largest economy amid a growing row over an Indian-born tycoon's bid for Luxembourg-based steelmaker Arcelor. Mr Chirac will hold talks
        Reuters  -  69 words
      • 102 14 AFP [NEW DELHI] Lakshmi Mittal, head of the Netherland-based Mittal Steel, says his bid for Luxembourg-based Arcelor is about setting new goals rather than making money, a report said yesterday. "For me, success isn't about counting millions, it's about achieving new targets. I just love
        AFP  -  102 words
      • 81 14 AFP [KUALA LUMPUR] Malaysia is hoping to attract some 20.1 million tourists in 2007, up from 15.7 million in 2004 anclliopes to increase revenues by 50 per eent;o|Beials were quoted as saying yesterday. The government is hoping the increased numbers of tourists will
        AFP  -  81 words
      • 57 14 AFP [KUALA LUMPUR] Malaysia's ailing national carmaker Proton yesterday dismissed an offer by former chief executive Mahaleel Ariff to buy its British sports car outfit Lotus for £1 (552.84 dollars). "We are not interested to sell it for whatever value," Proton managing director Syed
        AFP  -  57 words
      • 68 14 Reuters [BEIJING] China will face power shortages again this year but much less than previously, an industry association official said in remarks published in the People's Daily yesterday. Supplies of thermal coal, used for generating electricity, would be sufficient, with stocks expected to
        Reuters  -  68 words
  • Page 14 Advertisements
    • 136 14 Diners Club Card -A World of Exclusive Privileges Treats Diners Club International 1 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. -SS c^£>eFVhtyne/ 40 Holland Grove Rd. Tel: *****053 I
      136 words
    • 225 14 Basic Wine Appreciation Course by Tommy Lam, Win* 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 snared
      225 words

  • GREATER CHINA/INDIA
    • 765 15 But cost-conscious boutique fund start-ups are seen picking Singapore [HONG KONG] Small hedge fund start-ups trying to save cash and time may choose Singapore but heavy hitters targeting China still prefer to put up their signs in Hong Kong, according to a
      765 words
    • Article, Illustration
      54 15 AFP [KARACHI] A Pakistani cricket spectator paints the face of a fellow spectator as they watch the fifth and final One Day International match between Pakistan and India at The National Cricket Stadium in Karachi yesterday Pakistan scored2B6 runs for the loss of eight wickets in their allotted
      AFP  -  54 words
    • 3127 15 Transaction date: Feb 17 For a full listing of the closing prices, log on to BT Online at http://business-tlmes.asial.com.sg after 11.30pm every trading day HONG KONG vol HKS W- 000 Aeon Credit 6.20 0.05 200 Aeon Stores 7.80 0.05 30 Angang New Steel H 5.80 0.10 3246 Anhui
      3,127 words
    • 245 15 Reuters [BEIJING] Differences between government officials over whether Bank of China should list just in Hong Kong or also on the mainland mean the bank is unlikely to float shares before June at the earliest, Caijing magazine said. Bank of China is 10 per
      Reuters  -  245 words
    • 499 15 ANALYSIS Dr Reddy's and Ranbaxy are the two leading players Reuters [LONDON/MUMBAI] India's drug industry is flexing its muscles with a series of increasingly ambitious overseas acquisitions, and analysts expect more to come as companies seek greater heft in generics. Dr
      Reuters  -  499 words
    • 201 15 Reuters [BEIJING] China will issue regulations allowing domestic insurers to invest in infrastructure projects, as part of a broader drive to increase their investment options, the semi-official China Business Post reported on Saturday. The China Insurance Regulatory Commission (CIRC) will issue
      Reuters  -  201 words

  • ASIA-PACIFIC/WORLD
    • 538 16 Poultry exports from India and France take a beating AFP, Reuters [PARIS] France, the world's fourth-largest poultry exporter, has lost about a third of its trade and officials are warning of lasting damage to the Indian economy as fears about a bird flu outbreak
      AFP,; Reuters; REUTERS; AFP  -  538 words
    • 490 16 Going still rough for US firms despite telecoms revolution LAT-YIP. [WASHINGTON] No doubt about it the long-awaited telecoms revolution is upon us. But for companies in the vanguard of that revolution, the going can still be a bit rough. Time Warner last week beat back a determined sixmonth campaign by
      LAT-YIP.; REUTERS  -  490 words
    • 175 16 AP [OMAHA, Nebraska) A lucky winner from Nebraska has netted US$365 million in the biggest lottery jackpot in American history, but has yet to claim his prize, US lottery officials said yesterday. Only one winning ticket was sold for Saturday's jackpot, the Powerball website
      AP  -  175 words
    • 439 16  -  Fears of severe correction offset by speculation waves By NEIL BEHRMANN in London SUCH has been the wave of speculation in the gyrating commodity market in the past few months that traders and analysts aren't sure whether recent declines presage a steeper slide. A flood
      439 words
    • 240 16 AP [BANGKOK! A former prominent politician and mentor of Thai Prime Minister Thaksin Shinawatra called for his resignation yesterday amid escalating opposition against the embattled leader. Chamlong Srimuang, who invited Dr Thaksin into the political arena, called the prime minister's actions in office "unethical"
      AP  -  240 words
    • WORLD WATCH
      • 87 16 LAT [NEW YORK] Merrill Lynch Co said on Friday that it will pay US$l64 million to settle 23 class-action lawsuits alleging that investors suffered massive losses by following its dishonest stock recommendations, including those from its former star technology analyst Henry
        LAT  -  87 words
      • 84 16 AP [LOS ANGELESI Space Adventures, a company that has sent three space tourists into orbit, said on Friday it plans to build a US$265 million spaceport in the United Arab Emirates, a day after it announced it was in a venture
        AP  -  84 words
      • 101 16 Bloomberg [NEW YORK] Verizon Communications, the second-largest US phone company, was accused of aiding the US government's domestic spying programme in a lawsuit that asks for US$2O billion in damages. The suit, filed on Friday in a federal court in New York,
        Bloomberg  -  101 words
      • 113 16 Reuters [LONDON] Standard Life, Europe's largest mutual life assurer, said yesterday it was not aware of any approaches to buy the business, playing down newspaper speculation of a takeover before its planned summer flotation. "At the present time, there have been no approaches as
        Reuters  -  113 words

  • Asian Aerospace 2006
    • 716 17 IT should be a fairly benign year for Asia-Pacific airlines, airports and tourism operators, with "normalised" market conditions in 2006. Passenger traffic growth should maintain recent high levels, broadly in line with capacity increases. But that depends on continued economic strength as the effects of high fuel
      AP  -  716 words
    • 334 17  -  By GEORGE JOSEPH IT'S time for the last Asian Aerospace show, though not the end of such events for Singapore. Held on alternate years since 1981, the event has surely helped to put the Republic on the radar screens of the global aviation and defence
      334 words
    • 1749 18  -  Reducing costs, improving efficiency and providing value for money are critical in meeting challenges, says lata CEO GIOVANNI BISIDNANI GIOVAINNI BISIGNANI THE story of air transport over the past four years presents a paradox. Systemic shocks 9/11, Sars, war, terrorism and soaring fuel prices forced
      RLE PHOTO  -  1,749 words
    • 1768 20  -  Though they suffer from weak industry environment, LCCs see huge growth potential in the region, says VEN SREENIVASAN VEN SREENIVASAN THREE years after the low-cost carrier (LCC) phenomenon first swept across the region, the industry already seems headed for a restructuring. And instead of 20 to
      FILE PHOTO  -  1,768 words
    • 990 22  -  Fighter planes have come a long way since their 1930s takeoff, reports DONALD URQUHART DONALD URQUHART ALTHOUGH not sharing quite the same limelight as developments in the commercial aviation sector where new plane designs like the giant Airbus A3BO or Boeing's 787 Dreamliner have tickled the imagination of
      990 words
    • 464 22  -  By OH BOON PING THE demand for regional jets in the Asia-Pacific is set to double within 10 years, even though such planes currently represent just 20 per cent of the total number of commercial aircraft in operation, says aircraft producer
      464 words
    • 427 23  -  By DR MARKUS HELLENTHAL GLOBAL security is a fundamental prerequisite for social cohesion, political stability and freedom. As regulators of the peace, governments have the responsibility to ensure security in the face of threats to people, organisations and property. However, those responsible for this
      427 words
    • 841 23 Singapore continues to invest in airport infrastructure to add to its world-class services SINGAPORE'S aviation industry has come a long way since its humble beginnings. From commercial air transportation, the industry has grown significantly to encompass a broad spectrum of aviation activities. Today, the key segments of
      FILE PHOTO  -  841 words
    • 507 24 Milestone for Singapore's homegrown aircraft leasing company AS ASIAN Aerospace gets under way, Singapore Aircraft Leasing Enterprise (SALE) is preparing to acquire its 100 th aircraft. The new Airbus A 320 will be delivered from Airbus next month and leased to China Southern Airlines.
      FILE PHOTO  -  507 words
    • 463 24 ROLLS Royce, the world's second largest civil aero-engine company, is one of the big global players that wants to emphasise its position as an established and powerful partner in Singapore and the Asia Pacific. That will be the message the UK company brings to Asian Aerospace, with
      463 words
    • 552 24 SMALL commercial jet specialist Embraer is another aircraft maker bullish on the long-term prospects for the Asia-Pacific markets. And it sees a more deregulated region fostering keener competition in the industry, driving Improvement in service levels and a need for "right-sized" equipment. "At present,
      552 words
    • 265 24 IN A sign of the importance of the Asian market for business jets, Brazilian aircraft maker Embraer is putting on display its Legacy 600 for the first time at the Asian Aerospace. According to Embraer forecasts, China and a number of countries in
      265 words
  • Page 17 Advertisements
    • 42 17 Coordinator George Joseph; Editor Elaine Koh; Sub editor: P K Suresh i n t t i v -DflK? wlftflETl < vflVPllll^^H I-M fcfrtfl KT. fJy] j 'jMPf < v MSl mBWfiM} 1 Uf^Trffyf»B i fiS 'nWjlBI jKBUBPn^n^^Mj^^^^^BB^^IB uSllJifllllKlaBSftnsllKlfiwwiSMBM-^1 I FM^T* ■r flf Wf aMpijBMfflsSlM
      42 words

  • Page 18 Advertisements
    • 136 18 1 >■ .»*>. t .J ~vr -7' j C: The world is safer with Thales. 1 -'S •-V *>«• r Ji-Xi. vil -v >«iyJip'-- ••••J*.' v -.iriV ~Wi ''j,!'. .gL It ;t ~r r f-,v I. f A leader in Aerospace, Defence Security systems, Thales develops advanced technologies and services
      136 words

  • Page 19 Advertisements
    • 168 19 '-"ffi r r-V-. >V.i ;r it.-,v r/v.v;.• h?* *$E r.y iJ sK3 r s -''< "■h t 4, •>*•>'• .ay *6* i, iJ%4 *~f li 4'* rurnv nnu uir ddiiia EVERY DAY WE BRINu nnwoßin TRAVELERS MA iiaiiv A lITTIF PI HQFR TO HOMF n LIIILL vLUOLII Iv FIUITIL. >*i
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  • Page 22 Advertisements
    • 78 22 Success flies on the Bombardier CRJ Series Low costs are driving the rapid growth in Asia/Pacific's airline market. And Bombardier s CRJ aircraft are leading this revolution in the air. The CRJ's excellent performance and passenger comfort, combined with the lowest seat-mile operating costs in their class, has helped to
      78 words
    • 87 22 t i f'r >ii r vp^fl wflillL Success flies on the Bombardier Q Series The regional aircraft market in Asia/Pacific is taking off. And Bombardier's Q4OO turboprop is leading this revolution in the air. As the world's most advanced turboprop, the Q4OO provides the lowest operating costs of any regional
      87 words

  • Page 23 Advertisements
    • 137 23 gßSpffi* h i i fiiapTT r *»<•;£. a. BMMK a dBSP A *m. i E' '-cJKAsia is very important to us. Which is why Rolls-Royce has .The growth in Asian economies is creating demand for market sectors. Through our network of offices, facilities been part of the fabric for over
      137 words


  • Page 25 Advertisements
    • 31 25 Organised by: Supported by: Partners: Sponsored by: The Business Times flj j® SIRS sip ImiKuir of AMOC«AT»OM Of UMGAroeC 1 > i I HNUPOM WVTfTVTIOrMWCTHW ifcAAfZf: r punk accou»u«i v EXCHANGE oiHttfjpoit
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  • AVIATION
    • 427 26 US firm alleges it was charged non-competitive prices Bloomberg Reuters [DALLAS] Deutsche Lufthansa AG, British Airways Pic, Air France-KLM Group and six other air carriers were accused in a lawsuit of violating US antitrust laws by fixing prices in the US$5O billion
      Bloomberg; Reuters  -  427 words
    • 206 26 [SINGAPORE] Air New Zealand's inaugural Boeing 777-200ER flight left Singapore's Changi Airport for Auckland on Friday. Singapore is the first Asian destination to take delivery of the airline's new 8777-200ER services. A total of eight 8777-200ER powered by Rolls Royce Trent 800 series engines
      206 words
    • 309 26 Xinhua [HONG KONG] Overseas travel during the Chinese New Year holiday boosted January's passenger throughput at Hong Kong International Airport (HKIA) to a total of 3.5 million, up 15.9 per cent over the same month last year. A press release from the Airport Authority
      Xinhua  -  309 words
    • 124 26 Bloomberg [SYDNEY] Qantas Airways Ltd's chief executive Geoff Dixon signalled he wants to run Australia's biggest airline beyond his contract, which expires in July 2007. "I think I will be there for 2008," Mr Dixon, 66, said yesterday when asked on Nine Network's
      Bloomberg  -  124 words
    • 829 26 Bloomberg [NEW YORK] Boeing Co is staking its position as the dominant maker of the biggest passenger planes on selling Pakistan International Airlines and other Asian carriers the first of a longer, more fuel-efficient version of its 747 model. Boeing may
      Bloomberg; BLOOMBERG  -  829 words
    • 486 26 grr maw it* maw w» —irti Mkmm H taijj jg Jjj| Cairns A0796T 19T0 gF=J|=M Colombo Jg4S fi jjj r j 1MB OTTTnfii fr I &r 11II S8ffi HS SlHi «!fi wffi? m mm ssos Doha 0R6X TTTfT w i a il51 J j J J
      486 words
  • Page 26 Miscellaneous
    • 198 26 CRYPTIC CROSSWORD 24 Stupid sheep rolling over by a 1^ JHL_ hard to listen to? (10) DOWN 8 Walking over the nicest part of YESTERDAY'S SOLUTION 1 Country singer making money Yorkshire once (10) Across: 1 Behind the times, 9 Tur(4) .11 Tim s P'9 eating roughly dou- 10 12
      198 words

  • SHIPPING
    • 717 27 It seeks US$10m damages, citing national security risk at the port AP [WASHINGTON] A company at the Port of Miami has sued to block the takeover of shipping operations there by Dubai Ports World, a state-owned business in the United Arab
      AP; BLOOMBERG  -  717 words
    • 264 27 Reuters [LONDON] Ocean freight for dry raw materials surged last Thursday, with a leading index showing gains not seen for two years as Chinese iron ore buyers sought to cover ahead of expected price rises in April. The Baltic Exchanges' Capesize Index, which
      Reuters  -  264 words
    • 289 27 SGX '000 Feb 17 SS Vol CH Offshore 039 0.01 735 Chuan Hup 0.39 unch 1034 Cosco Corporation 1.22 -0.01 ***** CWT Distribution 0.92 0.01 42 EzraHldgs .2.17 unch 426 Freight Links 0.06 unch 1048 Grand Banks Yacht 0.92 "unch 0 Jaya Holdings 1.31 -0.01 1547 Kf Venture
      289 words
    • 553 27 AFP [PAßlS] The fiasco over the French aircraft carrier Clemenceau highlights Europe's lack of facilities for wrecking old ships, according to industrialists and environmentalists. Since the *****, the rendering of rust-bucket vessels into valuable scrap metal has shifted from Europe to shipyards
      AFP  -  553 words
    • 263 27 AP [BEIJING] Rescuers were fighting strong wind and waves yesterday as they searched for 31 sailors missing after a Panamaregistered freighter sank off China's south-eastern coast, the government said. Four sailors had been rescued and two bodies recovered since the freighter
      AP  -  263 words
    • 249 27 AFP [DUBAI] Dubai Ports World will borrow US$6.5 billion to finance its acquisition of British port and ferries group P&O, a statement said on Saturday. DP World has mandated Barclays Capital and Deutsche Bank to "arrange facilities totalling US$6.5 billion incorporating a US$6.3
      AFP  -  249 words
    • 316 27 Bloomberg [TOKYO] Mitsui OSK Lines Ltd, Japan's second-largest shipping line, won't meet its profit forecast for next fiscal year because of lower freight rates and higher fuel prices. Mitsui had originally forecast 190 billion yen (552.6 billion) in current profit,
      Bloomberg  -  316 words
    • 112 27 Bloomberg [LONDON] Egypt's Suez Canal Authority said it will not reduce fees for natural-gas tankers after Qatar asked for a discount. "All gas tankers, from all nationalities, are already getting a discount under the canal's policy to promote the environment;
      Bloomberg  -  112 words
  • Page 27 Advertisements
    • 88 27 ASIA WEST AFRICA TRADE AGREEMENT NOTICE OF RATE RESTORATION In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the 8 Members Lines of the Far East West Africa trade agreement have decided to implement the
      88 words

  • 11689 28 STRAITS TIMES INDEX STOCKS Stock name MR Oom Change Stodi iwm Mtt Oom Chang* Stock nam* Wt OoM Chang* Allgreen 50c 0.30 1.300 -0.010 Haw Par Corp 0.42 5.400 SPH20c 4.22 4.320 -0.020 Ascendasreit 1.03 2.170 +0.010 HyfluxSc 0.41 2.830 -0.140 STEngg 10c 1.94 3.060 +0 020 BIL
    11,689 words

  • 6175 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES ktlwalCBn i»SS In IKS dy yr K dy %r *r HbW lwt«» Changt Oxogt Q»nq» Omm Chary Oungt WtaMUdBi 999.5 -03 11 -0J 1* -02 35 > EAR Prefcnirary 1004.1 0-2 12 -03 2.1-0.1 3.9 bunpehtkmmy ***** 03 52 05 <5 06 64
    6,175 words

  • Page 30 Advertisements
    • 1186 30 i fl H rtmiL pPf NYK GROUP SOUTH ASIA PTE LTD W M'\ KTVVT AflW Wjr TEL:*****123 Hr A AIINE Wtofrf M 3 1m LINE Fax: 6292 2856 (Regionalsates) /*****109(0P5V6299 5785 (Documentation) NIPPON YUSEN KAISHA M N£±«* TOKYO SOPAKU UUSHA. UD (C/R NO: **********0E) UK COWTIMENT SERVICE U.S.A SERVICE Destination
      1,186 words
    • 737 30 ■p^Bi^^^^PVfVPmfffJfJTffVMJWWffVWfP^^^^^^^HMHK^Hjj kll »I'H kf-1 111JT1H rill JIW I wamAtm aoto taviq f\ vßsa/vor ramped I hbghtw pug kh lo sm jkt i STCAITS VBdUK OS/OA is 12 22/03 75/03 30/03 02/04 04/04 STMITSVBITUtt 04/04 IS I 3.2 04/04 09/04 20/04 23/04 25/04 4 [SmffSyßfTUK 07/04 IS I 12 I 27/04
      737 words

  • Page 31 Advertisements
    • 1097 31 i WAN HAI INTERNATIONAL PI! ITD aKk *****9MN0/R V TEL *****588 (14IMS) FAX:*****1(3 mWAN HAI LINES IL. JOHTtL(O7) 751W23 HUL(O7I7SIIWI 9* 1R; (031) JWS47S FAX: 1031) JJTZ7I4/ 3WIIOS mwwllka ulll *TT1;(071) *****1S FAX-1021) *****MW1W: 71UI0/TI4JII U71*119 www.wannai.cQm.ig aiMDti)4ls7wm:(oti)4isw»/4i42W wu sw wb nw «h jnc an M I9L—J3SL sns —I *M
      1,097 words
    • 997 31 VBSa YOY SIN KT HKG ItHH IIC KYH PUS VESSEL VQY Tn JKT SU» HKG USX Rfi Hlf VLADIVOSTOK !7B M iS/7 Z/3 4/3 6/3 1/3 1/3 KMTC JAKAHA *03S ?i/J 1/3 2/3 7/3 11/3 12/3 HY PKOGtESS 109S 2/3 4/3 »/3 11/3 13/3 15/3 KMTCPUSAH 603S 5/3 1/3 f/3
      997 words
    • 821 31 w snirA WEEKLY EXPRESS SAIUNG SCHEDULE western icq points I .YKSB I VOT 1 SW 1 PjaANGjcOLOMRO llt SHEVA COLOMIO I IHOWUHItIDGF 0049W 113F3 I I4FB I 17FEB I 20FB I 23F8 I I Vuo taanm kl to qkm, tutkmbn (via coloomo) urn ranoia a ooa| (VIA N SMFVAJ 00MCCTM6
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  • Page 32 Advertisements
    • 1039 32 (Asia) Pte Ltd 70 Slwtw Wiy, <21-03 WUrtw How 07*111 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATB ME ARRIVAL DATES lypsa YOT Shwin I N*Mm Trwurtli Cwihhd ttrfahNeshhri Mf N»irG«dai blond Express IE60? 20 Fab 21_Feb Wjlgr 11 Mor 14Mor X 22Mi Idond Express 1E603
      1,039 words
    • 921 32 vtssa voy sm pgu vtssa vot sw *r PAC MM UMN IZZM \im PACKMAH wo 10/07 71m cy2301 0240T 18/02 If/02 M Sffi—" PACIAMPA IM9N 11/02 11/02 ggg gg gg mum 14Z8B 11/82 29/52- i SS I*m v/m _J£2gL jgjf 28/92 22/82_ ~55 S/E -§9^— paciahoa I4ZIH 21/92 21/82— mchnun
      921 words
    • 498 32 BSfl x e !T3f5n i VSWSTS3VSH^^Hr MYANMA n| FIVE STAR UNE (Myomar Notioool Line) Loodiog far Yoogoo vissa vot sm m pw pcu OflN SHWI HAW »0W SU> PAGAN 349W SU) IN MALAYSIA: lOUSTUD SHIPPING AGENCIES KIH/PKL 03-300 SO 301 PIN: 04-*****15 ACCEPTING CONVENTIONAL CGO VESSEL VOTIKGSMKL 101 W ITU
      498 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 7239 33 This i-iiririHi-iTimirB i-rnm nnif ETA ETA Advertiser Vessel Voyage Telephone SM Desfn Nine Name Number Number 1o ABIDJAN (A8J) 2003 Cote D'lvoire 27/02 04/04 China Shpg CMA COM FORCE SX215W *****696 28/02 04AM China Shpg CMA COM FELIXSTOWE SX217W *****696 02/03 04/04 China Shpg
      7,239 words

  • Page 34 Advertisements
    • 54 34 aja "JS- 1 ~T~~- Tt&BSk wg Mr& I iSaSaßSwi* -few 3E?t»' s-• i>*' -faf --X? 1 ■V^' r r "r r r' 1 "'>.. ft ~^'"^~Vc f I H llfi felt,-. '——t,-. r 'l J B -*1 ?Jfel!-j m 1 f, •■■aft* j PW *^|L J9 i $PjS|. t -sy
      54 words

  • BizIT
    • 698 35  -  Global consortium includes IBM as key partner, reports ROLAND LIM ROLAND LIM Going one up on local rivals who are partners within MNC-led consortiums, NCS, the IT arm of Sing Tel, has stepped out to lead a consortium of heavy-weight IT multinationals bidding
      698 words
    • <what's up>
      • 52 35 AUTODESK has appointed Doug Shinsato vice-president of Asia-Pacific Central Sales. Based in Singapore, Mr Shinsato will be responsible for sales of Autodesk products across the region, including Japan, Korea and South-east Asia. Prior to joining Autodesk, he was an independent consultant for
        52 words
      • 49 35 SAP has appointed Simon Dale chief technology officer for the Asia-Pacific. Singapore-based Mr Dale will be responsible for delivering SAP's Enterprise Services Architecture and transitioning customers to the company's Business Process Platform. He will remain as regional VP of SAP's Netweaver business development team.
        49 words
      • 63 35 THE Institute of Systems Science has joined hands with Ernst Young to introduce a new diploma in infocomm security for local IT professionals. Made up of 43 evening classes, the course starts on March 1 and covers topics like principles of security, systems security and
        63 words
      • 99 35 TREND Micro has launched two of its certification programmes in Singapore. The Trend Micro Certified Antivirus Professional is a non-vendor specific course designed to provide individuals with detailed knowledge of how to respond to the latest computer virus infections. To be certified, participants have
        99 words
      • 66 35 ADOBE will hold a roadshow for its Production Studio software on Feb 24 at the Intercontinental Hotel. The event will comprise five one-hour workshops, each covering a different aspect of Adobe Production Studio. Topics include "Creating Successful Flash Video Content for Web and Mobile" and
        66 words
      • 61 35  -  Compiled by WINSTON CHAI STARHUB has formed a dedicated team to focus on the development and delivery of content across multiple platforms like cable TV, mobile and online channels. The group is headed by Tham Loke Keng, Star Hub's former head of marketing.
        61 words
    • 812 35  -  It sees 50% y-o-y growth in SMB segment in S'pore By AMIT ROY CHOUDHURY IBM Singapore, a major player in the external storage market here, sees Independent Software Vendors (ISVs) and channel partners driving its business in this market especially in the small
      812 words
    • 753 35  -  &lt;we say&gt; What does the new ultra high-speed broadband network unveiled by PM Lee mean for users? KENNETH JAMES Technology Editor Singaporeans applauded the multi-billion dollar package of goodies unveiled by Prime Minister Lee Hsien Loong in his Budget speech last Friday. For a
      753 words
    • 574 36  -  That and continued cost control seen helping imaging division recover By ROLAND LIM JAPANESE imaging vendor Olympus is banking on a strategy of focusing on higher-end digital cameras and continued cost control to bring its imaging division back into the black. At a product launch
      574 words
    • 241 36 AP [SAN JOSE, California] Two busy websites that focus on Apple Computer Inc's Mac OS X operating system went silent last Friday just days after they featured links to information on how to hack the software and run it on non-Apple PCs. The OSxB6 Project
      AP  -  241 words
    • <what's new>
      • 95 36 JUNIPER Networks has launched two firewall and virtual private networking platforms under its new Secure Services Gateway (SSG) 500 line. With integrated local area and wide area network interfaces, the products combine security and routing features into a single high-performance platform. The company will also add antivirus
        95 words
      • 67 36 AVANADE has taken the wraps off its new enterprise customer relationship management (CRM) software for the financial services sector. Developed through an alliance with Microsoft, the product offers modules like wealth management, commercial banking, investment banking and retail banking. It can be customised for different segments
        67 words
      • 80 36 SMC has launched a new all-in-one device targeted at the business traveller. Besides allowing wireless connectivity, the SMC Wireless Travel Voice Gateway also functions as a VoIP (Voice over Internet Protocol) gateway which allows users to make Internet calls by plugging in a traditional phone line.
        80 words
      • 60 36 KODAK has introduced the C 663, an affordable 6.1-megapixel digital camera equipped with a 2.5-inch LCD screen and 3x optical zoom. This is the first camera to incorporate Kodak's proprietary "Perfect Touch" technology, which enhances the quality of underexposed pictures with the press of a button. The
        60 words
      • 149 36  -  Compiled by WINSTON CHAI TANBERG has launched J four new products as part of its effort to make 1 videoconferencing more accessible to organisations. V j The first offering, called the Tanberg Content Server, allows companies to stream and archive video conferences. Recorded content can be viewed
        149 words
    • 510 37  -  Region accounts for US$1.7 billion in revenues in Q4, up 21% year-on-year By WINSTON CHAI WITH China, Korea and the Asean countries going great guns, Asia is now the fast-est-growing region for personal computer giant Dell. And this is set to continue, according to
      510 words
    • 810 37  -  &lt;you say&gt; Small businesses in particular owe it to themselves to make an informed choice By PAUL ANTHONY TODAY, entrepreneurs owning small businesses are increasingly using technology to level the playing field. With a good website, colour printers, a high-speed Internet
      810 words
  • Page 35 Advertisements
    • 48 35 Boom time for Dell Asia-Pacific is fastest-growing region for PC giant PG37 B Lianhe Zaobao I S'pore firms I lore I I innovative in I I cominq up with I I new I I products I I services I I I I Rncis I I I I I
      48 words

  • Page 36 Advertisements
    • 101 36 I &lt;p FUJITSU THE H i;tf» »^.-v :is &gt;f Sfißs BBl—mmii ~f■ :Vt WiWlli^Ma——«^__ m&gt; '$tf\ Kt B Q MBsßrngSw r9S !Tffx 'fU'Vv ♦"«•&gt;* v"* *&gt;,- c 4'."fi%h* &gt; S?' F B B s "*&gt; «lfv 'M:.: v f** *U^~," f! 4 tv 4 &lt;? 5 If*! f w\ A-
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  • Page 37 Advertisements
    • 19 37 «Oiicm&lt;S«rwri Compter Co UcHn Smnkm tftunttj filmUm ICn +*g I Hnmim mm i ohM»r RMBMfy Suckup A Stotogt Tmiimj
      19 words
    • 392 37 Be In. Not Out. Be part off the most prestigious international event for the HR Business people in 2006. M i inWORLD 11* World HR Congress Business-Connect Exposition 2006, PartMrS))onMr 29 May-1 June MANPOWER Programme Singapore b m Jfc workforce Adecco will be hosting a book signing by Prof Dave
      392 words

  • BizIT FOCUS: MAKING IT WORK
    • 1169 38  -  There are some common factors and best practices that can ensure good IT governance in companies, reports ROLAND LIM ROLAND LIM WITH the increased use of information technology in organisations and the need for IT governance, more companies are looking at ways to improve
      BLOOMBERG  -  1,169 words
  • Page 38 Advertisements
    • 195 38 ■OPTIMIZE I IT GOVERNANCE 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 for business impact and
      195 words
    • 12 38 This weekly series is brought to you by MERCURY BUSINESS TECHNOLOGY OPTIMIZATION
      12 words