The Business Times, 22 February 2006
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2006-02-22
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The Business Times
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Title Section16 2006-02-22 1 THE BUSINESS TIMES SINGAPORE B!>cerrts online at http://business-times.asia 1 .com.sg MICA (P) 089/03/2005 Wednesday, February 22,200616 words
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776 2006-02-22 1 NANDE KHIN - 'Capital development exchanges' proving to be a draw By NANDE KHIN [SINGAPORE] Small and medium-sized enterprises (SMEs) here are increasingly looking overseas to list. And it is not just bio-tech companies casting their gaze beyond the local stock market. Educators, movie makers and traders776 words
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896 2006-02-22 1 VEN SREENIVASAN - Cheow Tong: S'pore generosity towards Aussie carriers taken for granted By VEN SREENIVASAN [SINGAPORE] Qantas wins, Australians lose. That was the reaction of a bitterly disappointed Singapore Airlines yesterday to the Australian government's decision not to grant it access to the lucrative896 words
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Advertisement182 2006-02-22 1 HMHHM I '"M* HttA 4 M i VA ya&< CLASH OF THE TITANS BMW 7 Series outsells PG 27 Discover the wonders of space. The new Opel Zafira. asgn^m^.... MM S^jjSSjj /R\ AUTO nmfilllir Feast your eyes on the wonders of the new Opel Zafira. Unfold and discover this 7-seater182 words
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Advertisement41 2006-02-22 1 COMPANIES Three Wuxi companies to list on SGX PGS Ml--1 Mr I p 1 asian aerospace Ifjßfc 1 2006 Big buck deals being mB sealed fast, with more than 900 I exhibitors fc from 43 countries <y„ ,<flMl YEN MENG JIIN41 words
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Advertisement12 2006-02-22 1 EXEC MONEY Oil: towards US$lOO PG 28 8 Markets Digest Pg 212 words
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TOP STORIES
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Article, Illustration646 2006-02-22 2 MICHELLE QUAH - SENTENCING OF FORMER FINANCE CHIEFS He gets 2 years for conspiring to cheat and $150K fine for false statements By MICHELLE QUAH [SINGAPORE] The Singapore courts yesterday sent out a strong signal that they will deal severely with corporate criminals. Peter Lim,ST FILE PHOTO - 646 words
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Article, Illustration787 2006-02-22 2 WONG WEI KONG - BECKKETT vDEUTSCHE BANK-DSM By WONG WEI KONG [SINGAPORE] Deutsche Bank conspired with Indonesian company PT Dianlia Setyamukti (DSM) when it sold a Singapore-registered company's shares in Indonesia's biggest coal mine to DSM at vastly deflated prices, the787 words
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Article39 2006-02-22 2 IN the report of a discussion on the Budget, "Panellists see potential in the finetunings" (BT, Feb 18), we described Irene Ng as managing editor of NTUC Media. NTUC has clarified that she is director (special duties), "NTUC.39 words
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Article140 2006-02-22 2 STI 2,443.56 (+11.79) ST INDEX FUTURES 2,445.00 (+12.00) simsq 289.69 (+1.50) SIMSQ FUTURES 290.00 (+1.50) MARKETS Tuesday Change KLSECOMP 925.67 +0.49 NIKKEI 225 15,894,94 +457.01 HANG SENG 15.627.24 +28.57 SET INDEX 727.76 -6.89 JAKARTA COMP 1.236.09 -11.32 MANILA COMP 2,076.81 -7.29 SEOUL COMP 1.346.49 -1.76 SHENZHEN B 251.99140 words
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Article307 2006-02-22 2 CONRAD TAN - He pleads guilty to 22 charges of cheating, fraud and false reporting By CONRAD TAN [SINGAPORE] The former finance chief of scandal-hit Accord Customer Care Solutions (ACCS) was jailed yesterday for 52 months —a much lighter sentence than his lawyer had feared. "I307 words
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Article645 2006-02-22 2 EMA proposes open access to gas facilities SINGAPORE'S plan to open up the gas market here is finally taking shape, with the Energy Market Authority asking for industry feedback by this weekend on a draft Gas Network Code which will govern participants' behaviour, and ensure "open, competitive access"645 words
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Article, Illustration424 2006-02-22 4 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] The Paya Lebar Crescent house of former Citiraya CEO Ng Teck Lee, whose whereabouts are unknown, is going up for auction on Tuesday with an indicative price of $2.3 million to $2.4 million. The two-storey freehold detached house424 words
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577 2006-02-22 4 RONNIE LIM - Industry feedback on Gas Network Code expected by this week By RONNIE LIM [SINGAPORE] Singapore's plan to open up its gas market is finally taking shape. The Energy Market Authority (EMA) is expecting industry feedback by the end of this week on a577 words
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376 2006-02-22 4 CHUANG PECK MING - By CHUANG PECK MING [SINGAPORE] Like their American and other Asian counterparts, Singapore employers find positions for sales representatives, technicians and engineers among the toughest to fill, according to a global survey by Manpower Incorporated. Sales rep jobs top the hard-to-fill list, followed376 words
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Advertisement20 2006-02-22 2 Joining forces? Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. NOTICES a20 words
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Advertisement186 2006-02-22 3 IP® Mr M \\v ,i i 1_ v v N in'"! 1 UIL *mm wfciJrW'i^ l a v a IPy» .JmBA^L Mt < A w H V vj I I i v k Ki S3 m^m B;v v >■ m 'MmM I—k k v f B b^V anniversary Pacific has186 words
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Advertisement2365 2006-02-22 4 I CIMB j CIMB-GK Securities Pte. Ltd. (Incorporated in the Republic of Singapore) (Company Registration No. *****1621 D) 21 February 2006 4. Responsibility Statement To: The Shareholders of Wah Shing International Holdings Limited Th« directors of SCI (BVI) (including those who may have delegated detailed supervision of this Ex* Offer2,365 words
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Advertisement24 2006-02-22 4 Want the best deal? Invite tenders. Call 1800 289 8822 or email notiees@sph.com.sg to book your tender notice in our newspapers now. BEATS NOTICES24 words
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COMPANY NEWS
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Article, Illustration411 2006-02-22 5 SIOW LI SEN - SembCorp Ind's associate, Wuxi S'pore Ind Park, is one of them By SIOW LI SEN CHINESE companies continue to form the backbone of Singapore Exchange's (SGX) listings business as they made up four of the six new companies which have gone public411 words
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264 2006-02-22 5 Bloomberg SHARES of Venture Corp, Singapore's biggest publicly traded electronics maker, rose the most in 11 weeks after the company reported a 27 per cent increase in fourthquarter profit. Venture's shares advanced 3.9 per cent, the biggest gain since Dec 2, toBloomberg - 264 words
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617 2006-02-22 5 ROLAND LIM - HOCK LOCK SIEW By ROLAND LIM THE largest electronics manufacturer listed on the Singapore Exchange (SGX), Venture Corporation, on Monday reported a set of full-year results that exceeded many financial analysts' expectations. For the fiscal year ended Dec 31, Venture raked in $3.2 billion,617 words
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530 2006-02-22 6 CONRAD RAJ - Previous Q4's $1.09b net profit helped by one-time $1.06b gain By CONRAD RAJ SEMBCORP Logistics, the 61 per cent-owned subsidiary of Temasek-linked SembCorp Industries, reported a 99 per cent fall in fourth-quarter profit to $10.9 million from $1.09 billion the previous corresponding period.530 words
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Article, Illustration319 2006-02-22 6 CONRAD TAN - By CONRAD TAN International, a main-board-listed alloy wheels manufacturer and distributor of tyres and automotive batteries, yesterday posted a* 25.2 per cent increase in net profit to $25.5 million "tor the full year ended Dec 2005. V* Sales rose $43.5FILE PHOTO - 319 words
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Article194 2006-02-22 6 Bloomberg SEMBCORP Cogen Pte Ltd, a Singapore power plant operator, is seeking a Ss3o3 million loan that will replace debt at a cheaper rate, bankers involved in the deal said. BNP Paribas SA, Mizuho Corporate Bank Ltd, HSBC Holdings Pic and United Overseas Bank LtdBloomberg - 194 words
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Article, Illustration471 2006-02-22 6 SIOW LI SEN - Food Empire's profit up 31 to $20.6m By SIOW LI SEN FOOD Empire Holdings Ltd yesterday posted a 31 per cent gain in net profit to $20.6 million from $15.7 million for the full year ended Dec 31,2005, boosted by one-time gain from an associate. "In the fourth quarter ofFILE PHOTO - 471 words
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Article372 2006-02-22 6 CONRAD TAN - By CONRAD TAN PETRA Foods, which sells Kessed cocoa to chocomakers sucfi"4£ j?£stle and Cadbury worldwide, yesterday reported a jump in net profit for its latest financial quarter, boosted by higher sales of cocoa ingredients and chocolate snacks. Net profit grew 39.5 per cent to372 words
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427 2006-02-22 6 ALEXANDRA HO - Hospitality firm's full-year profit rises 20% to £61.1m By ALEXANDRA HO MILLENNIUM Copthorne Hotels (M&C), the Londonlisted hotel and hospitality company that's 52 per cent owned by property heavyweight City Developments Limited, posted a decline in net profit to £25.3427 words
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298 2006-02-22 6 CHEN HUIFEN - By CHEN HUIFEN DIVERSIFICATION into the production of printed circuit boards (PCBs) paid off for Eucon Holding, which reported fourthquarter earnings of $8.5 million, more than four times the $1.9 million it posted a year ago. The performance led it to record a298 words
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Article, Illustration503 2006-02-22 7 Malaysian debt underwriter in talks with Singapore monetary authority Bloomberg [SINGAPORE] CIMB Bhd, ranked first among Islamic debt underwriters in the world last year, yesterday said it's in an "advanced stage" of introducing an Islamic unit trust in Singapore in theBloomberg - 503 words
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Article345 2006-02-22 7 CHEN HUIFEN - By CHEN HUIFEN AS it had warned last week, food and beverage maker Yeo Hiap Seng (YHS) found itself in the red for 2005. Its fourth quarter also saw a ballooning in net loss. Dragged down by a huge provision cost and higher expenses,345 words
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228 2006-02-22 7 SOY bean-based product maker Pine Agritech has reported a 48.4 per cent jump in its fourth-quarter earnings to 66.2 million yuan (5513.4 million). Revenue rose 29 per cent to 224.6 million yuan. This brought its full-year net profit to 234.6 million228 words
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171 2006-02-22 7 Reuters OVERSEA-Chinese Banking Corp's bid to buy a stake in a small Vietnamese bank is expected to be completed in the second half of this year, a Vietnamese bank executive said yesterday. "It cannot be done overnight but we are extending talks withReuters - 171 words
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COMPANY BRIEFS
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61 2006-02-22 7 STEEL group Delong Holdings reported FY2005 revenue rose 24.1 per cent to $861 million. Net profit soared 214.2 per cent to $121.5 million on cost efficiency. It announced a dividend policy to distribute at least 20 per cent of full-year net profits. For FY2005,61 words
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58 2006-02-22 7 AIRWAY devices supplier LMA International said it has agreed to buy 50 per cent of LMA Urology from Duliver International for US$3.B4 million. The acquisition will give LMA International the intellectual property and distribution rights to a device known as "Stonebreaker", used58 words
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48 2006-02-22 7 MODIFIED starch maker China Sun Bio-Chem Technology Group Co posted a 40.9 per cent jump in its full-year earnings to 241.9 million yuan (Ss49 million). For the 12 months ended Dec 31, sales went up 34 per cent to 882.1 million yuan.48 words
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64 2006-02-22 7 SOILBUILD Group Holdings announced that its full-year net profit fell 36 per cent year-on-year to $3.8 million, despite a 16 per cent year-on-year gain in turnover to $92.54 million. This was largely due to the absence of a once-off exceptional gain of $2.47 million in64 words
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Article22 2006-02-22 7 ASIAMEDIC has issued a profit warning, saying it expects its 2005 net profit to be "significantly lower".22 words
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37 2006-02-22 7 NORELCO UMS Holdings posted a fourth-quarter net profit of $1.04 million, against a loss of $5.2 million in the previous corresponding period. Revenue rose 6 per cent to $37.4 million.37 words
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Advertisement308 2006-02-22 5 METAX ENGINEERING CORPORATION LIMITED (Incorporated in the Republic of Singapore on 20 January 1975) (Company Registration Number *****0111H) Invitation in respect of 25,000,000 New Shares comprislng:(a) 1,000,000 Offer Shares at $0.20 for each Offer Share by way of public offer; and (b) 24,000,000 Placement Shares by way of placement, comprising:(i)308 words
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Advertisement82 2006-02-22 5 LE SHOW Tu«td*y< to Sunday! Ittihow: I.oopm, 2nd shew: 10.15pm Additional ihow on Saturday nlghtt at 12.00 am Tlckati from SIM onward* (Indudoa a drink) Jt«*tfittedl# age* 21 year#afltf afeeve LE RESTAURANT Modern iurep#*fl Cuism« Lunch and dlnnar from »at and la carta manuft ara available Optnina Hauw ■■■mi le82 words
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Advertisement22 2006-02-22 7 ©Premium Automobiles Showrooms: 9 Leng Kee Road Singapore *****0 Tel: 6566 1111 •55 Übi Road 1 Singapore *****9 Tel: 6388 2323 *****2271W22 words
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SINGAPORE MARKETS
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Article, Illustration906 2006-02-22 8 LARRY WEE - CURRENCIES Selected Asian units like yuan, ringgit and S$ still in vogue LARRY WEE Senior Correspondent THE US dollar has managed a decent recovery against the Japanese yen and New Zealand dollar over the past week, and pushed its way back above a couple of906 words
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Article, Illustration720 2006-02-22 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Feb 21 and earlier) SubMfltial No of Pricc SHAREHOLDING say" a "a js fta ss sras:— I!£&S saw f 5 41 Adv Integrated 20-Feb-06 Tan Kim Yonq 'Buy 1451 0.22 55 02 8.40 ***** 8.62 Advanced Hldgs 20-Feb-06 Asian Small G>.720 words
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169 2006-02-22 8 CHEN HUIFEN - By CHEN HUIFEN ASIAN Small Companies Portfolio, a diversified fund specialised in investing in high-growth small/medium-sized companies located or traded in Asia, has again increased its stake in Sesdaq-listed Advanced Holdings. The fund now holds 8.1 million shares, or about169 words
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Article, Illustration713 2006-02-22 8 CHEN HUIFEN - Comoiled bv CHEN HUIFEN Venture Corp Feb 21 dose: $13 JO KIM ENG RESEARCH, Feb 21 SALES declined 13 per cent year-on-year to $877.5 million, in the absence of high-volume handset programmes which it took on in 4Q04. Earnings rose 16 per cent to $54.8 million, as itSource: Bloomberg - 713 words
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Article, Illustration442 2006-02-22 8 R SIVANITHY - STOCKS ST Index puts on 11.8 points R SIVANITHY Senior Correspondent A SOLID closing for Japan, a rise in the futures market for Wall Street benchmarks and a push on the three bank stocks enabled the Straits Times Index to rise 11.79 points yesterday442 words
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SINGAPORE NEWS
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Article, Illustration478 2006-02-22 9 LESLIE YEE - $2b of syariahcompliant real estate funds set up here By LESLIE YEE SINGAPORE wants to help the development of Islamic finance and has already seen the establishment of about $2 billion of Syariahcompliant real estate funds managed out of the Republic, an official ofARTHUR LEE - 478 words
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338 2006-02-22 9 NANDE KHIN - By! NANDE KHIN HUMAN resources (HR) professionals were yesterday urged by the members of the Tripartite Committee on Employability of Older Workers to relook their HR policies to make them more age-friendly. Speaking at a dialogue organised by the Singapore Human Resources Institute,338 words
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Article5483 2006-02-22 9 UNIT TRUSTS FUNDS AO ACI ABM Aim Asset Mgt (Spore) AC1 Star Europe Eqtyl** 0.903/ AQ Star Europe Bond 1 •18' A C Star Europe Bal 1.1® A C Star Asian Tiger Eqly 1-16» AO Star Asia Bond 131V AC Star Asia Balanced 1.073/ Star Global Technology Fund! AC Mult5,483 words
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Article, Illustration488 2006-02-22 10 ARTHUR SIM, ALEXANDRA HO - PROPERTY Estimated 15 per cent of 100 GCBs sold in 2005 $re to PRs By ARTHUR SIM, ALEXANDRA HO PERMANENT residents (PRs) are increasingly looking to buy high-end landed homes here and some developers are hoping their ready-built new luxury homes will appeal488 words
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Article, Illustration325 2006-02-22 10 ALEXANDRA HO - By ALEXANDRA HO ANOTHER group of homeowners have jumped on the increasingly popular collective-sale bandwagon. This time, it's the folks at Suffolk Apartments, off Newton Road, who are asking for $29 million collectively through a public tender. At present, the freehold site has325 words
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Article, Illustration142 2006-02-22 10 [LAS VEGAS]It was a happy night for all atHarrah's Entertainment's charity performance on Monday including pop superstar Elton John (centre), Harrah's Entertainment's president and CEO Gary Loveman (right), as well as Keppel Corporation's executive chairman Lim Chee Onn. Elton, along with singer Celine Dion and142 words
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Article397 2006-02-22 10 CHEN HUIFEN - By CHEN HUIFEN A UNIQUE form of double insurance for new babies' future health is being offered by NTUC Income and tissue banking services provider .Cord Life. First, protect the newborn's future by sending blood from his or her umbilical cord to a blood bank,397 words
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214 2006-02-22 10 Reuters SINGAPORE'S domestic wholesale trade rose 19.9 per cent in the fourth quarter over the same period last year, thanks to a big rise in petroleum and chemical sales, government data showed yesterday. Excluding petroleum, domestic sales increased by 12.7 per cent compared toReuters - 214 words
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274 2006-02-22 10 Trust will include Lippo's business assets in Indonesia Reuters INDONESIA'S Riady family is in talks to set up a property trust in Singapore that will contain real estate assets belonging to its Lippo group worth Ss3oo millionSs4oo million, sources said yesterday.Reuters - 274 words
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277 2006-02-22 10 ARTHUR SIM - By ARTHUR SIM THE first industrial site up for tender on the Confirmed List for the first half of 2006 under the Government Industrial Land Sale Programme took off yesterday, leading property analysts to say that existing landlords may become worried. And there277 words
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Advertisement25 2006-02-22 9 I AllianzGI Global High Payout Fund rated 4 stars Allianz p by Mercer Investment Consulting. Visit OCBC Bank for details. G baMn v t ors25 words
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Advertisement34 2006-02-22 10 u; Lianhe Zaobao I toTunct 11 I I new series or I I mobile I I audio I I I video I I products I I 3Efc=#M«msßsiJ«rj fc B i a I H mm34 words
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ECONOMY WATCH
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740 2006-02-22 11 Global sales expected to rise 13 to 14 per cent this year Reuters [BOSTON/LONDON] The biotechnology sector looks set to grow again in 2006, helped by new drug approvals, a relative lack of generic competition and the eagerness of big drug companiesReuters - 740 words
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394 2006-02-22 11 1m job vacancies will be advertised on new website Xinhua [BRUSSELS] The European Union (EU) on Monday launched an EU-wide campaign to promote free movement of labour within the 26-nation bloc, saying that it will benefit both the workers and the economy ofXinhua - 394 words
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262 2006-02-22 11 Reuters [BRUSSELSI The European Central Bank (ECB) will take a strict stance on new European Union countries wanting to join the euro, and will make no concessions on inflation to the relatively poor, fast-growing economies, ECB president Jean-Claude Trichet said on Monday.Reuters - 262 words
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451 2006-02-22 11 Bloomberg [LONDON] President George W Bush said the US needs to reduce crude oil imports and diversify its energy consumption so the world's largest economy isn't "held hostage" by oilrich countries that may not be allies. "Some of the nationsBloomberg - 451 words
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Article, Illustration624 2006-02-22 11 AFP [HONG KONG}* A buoyant Hong Kong awaits a Budget today in which the government will try to balance demands for middle class tax cuts while securing a broader and steadier long-term fiscal base, analysts say. The territory lastAFP; FILE PHOTO - 624 words
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491 2006-02-22 11 Reuters [MOSCOW] Russia, awash with petrodollars from booming oil exports, can allow the rouble to float freely within three to four years once the current tide of liquidity has ebbed, the deputy central bank chairman said yesterday. When the currentReuters - 491 words
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Advertisement118 2006-02-22 11 Globalise Your Brands Protection Of Intellectual Property Rights is our Business TRADEMARK name, words, brand, logo, figure, device, picture, slogan or any sign distinguishing your goods or services from that of your competitors indicating quality and acts as a badge of origin. Protection of these rights gives you a commercial118 words
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Advertisement23 2006-02-22 11 MINI I I ll—■ I 1 125 Yaars 3 |over4ooLo&^^ 8733-7472 or visit www.berlltz.com M *05-0304 Wheelock Place Singapore *****0 j "TOM ximee23 words
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MALAYSIA/INDONESIA
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Article, Illustration510 2006-02-22 12 SHOEB KAGDA - Revamping the civil service to make it more efficient was also on the agenda By SHOEB KAGDA in Jakarta IMPROVING Indonesia's investment climate and revamping the country's civil service were the two key issues on the table in discussions yesterday between MinisterLIANHE ZAOBAO - 510 words
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Article, Illustration578 2006-02-22 12 PAULINE NG - By PAULINE NG in Kuala Lumpur LISTED Malaysian poultry companies just about survived a torrid second day on bird flu fears, with most of them rebounding to close yesterday only marginally lower. Poultry counters had already taken a hit on MondayFILE PHOTO - 578 words
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Article2403 2006-02-22 12 VOL Kb 21 MM W- C000) AAM Realty 140 -0.01 26 Abric j0.31 unch 21 ACP Industries 0.72 -0.03 158 Advance Synergy .0.18 -0.05 7209 Adventa 0-29 unch 116 A£ Mutti 0.39 0.01 237 Affin Hldgs 1.62 0.02 367 AfcmadZakiRes -.133 0.03 32 Jif. Corp 1.07 -0.02 22,403 words
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561 2006-02-22 12 PAULINE NG - By PAULINE NG in Kuala Lumpur CHINESE car maker Geely Automobile Holdings, which would like to invest in Malaysia, is wary about doing so until final details of the national automotive policy (NAP) are made known, according to a company561 words
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Article, Illustration441 2006-02-22 12 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur FORMER Malaysian deputy premier Anwar Ibrahim is facing a possible police investigation over allegedly seditious remarks he made last year in the course of campaigning for the opposition in a by-election in north-eastern Kelantan state. It441 words
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INDIA
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Article, Illustration434 2006-02-22 13 But Maharashtra state officials handling localised outbreak well Bloomberg [NEW DELHI] The bird flu outbreak in India is a "serious matter" considering it has been reported in the South Asian nation for the first time, the World Health Organization's regional adviserBloomberg; REUTERS - 434 words
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245 2006-02-22 13 Bloomberg [NEW DELHI] Reliance Communication Ventures Ltd, the Anil Dhirubhai Ambani Group (ADAG) holding company for its telephone businesses, said its board has approved a plan to write off and make provisions for 45 billion rupees (Ssl .65 billion). The write-off and provisions relateBloomberg - 245 words
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460 2006-02-22 13 Airports Authority plans to raise US$1b in one year Bloomberg [NEW DELHI] The Airports Authority of India, a government body that runs the nation's airfields, is considering selling bonds to fund the expansion and upgrade of 35 airports around the country.Bloomberg - 460 words
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252 2006-02-22 13 Reuters [NEW DELHI] South Korea's Samsung Electronics Co Ltd, the world's thirdlargest mobile phone maker, said on Monday that its Indian handset plant had begun production, helping it cut costs in a fast-growing sector. India is the world's fastest growing wireless market, withReuters - 252 words
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Page 13 Advertisements
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Advertisement622 2006-02-22 13 Our Japanese funds performed even in a gloomy climate. Just think how they'll do now that things are looking brighter. i?. w^v. 5 i mM IB Japan's economy is on the rise. Discover how our Japan Growth Fund and Horizon Japanese Equity Fund can help you make the most of622 words
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GREATER CHINA
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Article, Illustration493 2006-02-22 14 This wilt be China's highest-level public reception in months of a Tokyo official Reuters [BEIJING] Japanese Trade and Economics Minister Toshihiro Nikai flew to China yesterday to repair frayed ties and meet Premier Wen Jiabao in what will be China's highest-level public reception ofReuters - 493 words
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233 2006-02-22 14 AFP [SHANGHAI] State Bank of India (SBI) will become the first Indian bank to set up a branch in China after gaining approval last week from the Chinese regulatory authorities, state press reported yesterday. SBI, which is the country's largest commercial lender,AFP - 233 words
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318 2006-02-22 14 [HONGKONG! Chinese mainland companies invested nearly US$7 billion abroad last year and the figure is expected to more than double in the next few years, according to the South China Morning Post. The Hong Kong daily quoted the website of the Ministry of Commerce as318 words
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421 2006-02-22 14 Reuters [BEIJING] Internet giant Google, which has agreed to block politically sensitive items on its new China site, rejected Chinese newspaper reports yesterday that the new platform does not have the correct licence. The Beijing News reported yesterday that Google.cn. theReuters - 421 words
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Article, Illustration594 2006-02-22 14 But policies need to remain flexible given uncertainties Reuters [BEIJING] There is little sign that China's near dou-ble-digit growth will lose much momentum, but policies need to remain flexible given volatile global oil prices and the risk of US dollarReuters; REUTERS - 594 words
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Advertisement1045 2006-02-22 14 tt&ib QIAN HU CORPORATION LIMITED Q. (Company Registration Number: *****6124N) (Incorporated in the Republic at Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company wl be held at No. 71 Jelan Lekar, Singapore *****0 on Friday, 10 March 2006 at1,045 words
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Article, Illustration722 2006-02-22 15 Turmoil won't hit Thai economy much, however, say bankers, regulators By OUR CORRESPONDENT in Bangkok THAI Prime Minister Thaksin Shinawatra's woes continued to worsen yesterday after four more of his party's Members of Parliament called on him to resign accusing himAP - 722 words
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405 2006-02-22 15 Conference Board's January index up 1.1 LATEST US DATA Bloomberg [NEW YORK] An index of US leading indicators rose for a fourth straight month as the labour market improved and manufacturing strengthened, pointing to faster economic growth. The Conference Board's index for January rose 1.1 per cent, the biggest gainBloomberg - 405 words
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Article, Illustration479 2006-02-22 15 Reuters [LONDON/PARIS] An alliance of European financial bodies have asked the European Union to break up some of its biggest stock exchanges to lower costs. Analysts doubt that the EU would meet their demands but said that it could seek measuresReuters; AFP FILE PHOTO - 479 words
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399 2006-02-22 15 Reuters [LONDON] UK fund manager Schroders Pic said pretax profits rose 18.5 per cent last year and that it was buying a hedge fund business. London's biggest publicly traded fund manager said profits before tax rose to £250.7 million (*****.2 million) fromReuters - 399 words
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245 2006-02-22 15 AP [ATLANTA] The Home Depot Inc, the largest US home improvement store chain, reported a more than 23 per cent jump in fourthquarter profit on a solid increase hi sales. The results, announced before the market opened yesterday, beat Wall Street expectations. The Atlanta-basedAP - 245 words
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324 2006-02-22 15 Bloomberg [MADRID] German power company E.ON yesterday launched a bid for Spanish utility Endesa for 29.1 billion euros (5556.5 billion), topping a hostile bid from Spanish rival Gas Natural. Germany's largest utility offered 27.5 euros a share in cash for the MadridbasedBloomberg - 324 words
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WORLD WATCH
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Article74 2006-02-22 15 Bloomberg [NEW YORK] Wal-Mart Stores, the world's largest retailer, said yesterday Q4 profit rose 13 per cent on holiday sales. The company forecast annual earnings below analysts' estimates. Net income climbed to U553.59 billion, or 86 cents a share, exceeding analysts' estimates and helped byBloomberg - 74 words
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100 2006-02-22 15 Bloomberg [AMSTERDAM] Dell Inc, the world's largest maker of personal computers, lost a US$7OO million contract to supply Royal Philips Electronics with PCs and systems management. The companies "mutually" agreed to end the contract, a Philips spokesman said on Monday. The deal was part ofBloomberg - 100 words
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110 2006-02-22 15 Bloomberg [NEW YORK] Crude oil rose for a third session in New York yesterday after rebel attacks over the weekend halted almost a fifth of Nigeria's output. The militants threatened to intensify their offensive, aiming to reduce production by 30 per cent. SinceBloomberg - 110 words
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103 2006-02-22 15 AFP [TEHRAN] Iran and Russia have agreed on the principles of a "common formula" in negotiations in Moscow on a plan to enrich uranium on Russian soil, the head of the Iranian delegation told state television yesterday. "The negotiations were positive and constructive we talkedAFP - 103 words
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Article98 2006-02-22 15 AFP [TOKYO] The Tokyo Stock Exchange yesterday unveiled a plan to raise the number of orders it can handle each day to 12 million in May from nine million now in the wake of a string of technical problems. The TSE plans to further boostAFP - 98 words
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AVIATION
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Article, Illustration623 2006-02-22 16 Airlines from India leading shopping spree, picking up planes and engines [SINGAPORE] Several mul-ti-million-dollar contracts have already been sealed at Asian Aerospace, even though the region's top airshow opened only yesterday. Boeing led the pack by scoring a US$7OO million dealYEN MENG JIIN - 623 words
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400 2006-02-22 16 Reuters, Bloomberg [TOKYO] Japan Airlines Corp, Asia's biggest airline, said yesterday that it will announce a five-year business plan next week amid an internal dispute that has rocked the loss-making carrier. Infighting broke out earlier this month when four board members ofReuters,; Bloomberg - 400 words
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281 2006-02-22 16 China to v design parts for Airbus' new A350 AFP [SHANGHAI] China and Airbus expect to sign a final deal in about two months that will see Chinese engineers design parts for the new A3 50 commercial jet, an Airbus spokesman said on Monday. Two framework agreements signed mid lastAFP - 281 words
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Article, Illustration396 2006-02-22 16 Flights to Haikou, Shenzhen and Guangzhou to start in April Bloomberg [HONG KONG] Tiger Airways Pte, a budget carrier partly owned by Singapore Airlines Ltd, will fly to three Chinese cities from April and seek more access to India, to tapBloomberg - 396 words
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Article931 2006-02-22 16 OTT HJMT Bl FU8WT HP W j| Uvm*dtb»4 SOW 0615 AmdartaM gg Ji® m i 11 15 i HOI 1245 ***** ESr Ml<38 <5TO m«i 33-* cos $T? m «s M c.Mnii.iw —$$nss w97j 22,0 —mi sis mi us Darwin AJT8M7 1925 A&8K TH5 19S Tft'OO931 words
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Page 16 Miscellaneous
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Miscellaneous224 2006-02-22 16 CRYPTIC CROSSWORD 13 A bit of exercise? (5) I 14 No more than fair (4) JBL__flßL—AH—— 31 A game one may come DOWN "Salad Days"? (8-4) YESTERDAY'S SOLUTION 1 Obviously not Oxbridge mate- 15 Good P ers n t0 censure cor- Across: 1 Shake hands, 6 Adam, 9 r j224 words
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SHIPPING
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Article, Illustration745 2006-02-22 17 DONALD URQUHART - It is confident shipping market will remain robust until at least 2009 By DONALD URQUHART [SINGAPORE] Buoyed by two years of record new building activity and a booming energy sector, maritime and industrial risk management group Det Norske Veritas (DNV) is confident the745 words
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Article, Illustration284 2006-02-22 17 Bloomberg [HONG KONG] Star Cruises Ltd, the world's third-big-gest cruise operator, posted a smaller loss in the fourth quarter after economic growth boosted demand for holidays on ocean liners. Net loss was U5525.7 million, compared with a year-earlier restated loss of US$39.B million,Bloomberg; BLOOMBERG - 284 words
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Article893 2006-02-22 17 DAVID HUGHES - STRAIT TALK By DAVID HUGHES WHETHER the reaction from some US politicians and sections of the country's press would have been similar had PSA won the battle for P&O nobody can say for sure, but the hostility being voiced to the prospect of Dubai-based DP World893 words
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194 2006-02-22 17 Bloomberg [MUMBAI] The cost of shipping commodities like coal and iron ore rose to the highest in almost three months as vessels were delayed at Australian ports following an accident in December at a BHP Billiton Mitsubishi Alliance-operat-ed coal terminal. The company'sBloomberg - 194 words
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453 2006-02-22 17 AP. Bloomberg [WASHINGTON] Two Republican governors are threatening legal action to block Dubai Ports World from taking over operations in major US ports and some Republican lawmakers say the deal should be closely examined. In the uneasy climate after the Sept 11 2001AP.; Bloomberg - 453 words
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Article281 2006-02-22 17 SGX '000 Nfc21 aw- vol CH Offshore 039 unch 206 ChuanHup .0.39 0.01 940 Cosco Corporation 1.20 unch 7864 CWT Distribution .038 -0.02 178 EzraHldgs -2-09 0X>1 246 Freight Unks 0 06 unch 1346 Grand Banks Yacht .0.93 0.01 10 Jaya Holdings..- 130 -0.02 995 K1 Venture ...0.38281 words
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Page 17 Advertisements
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Advertisement96 2006-02-22 17 r— 22-24 Mar 2006 TTT'ir" Asia Pacific Singapore Expo maritime www.apmaritime.com iH "SHIPOWNERS |*K International Ship Registries (ISR) provides fast efficient service for registration licensing of w ships under various flags. International Ship Classification (ISClass) is an (Jp) independent organization providing classification icrTnii services for newbuildings existing vessels as well96 words
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EDITORIAL & OPINION
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478 2006-02-22 18 EDITORIAL DUBAI one of the seven emirates of the United Arab Emirates (UAE) has embarked on an ambitious plan to become "the Singapore of the Middle East". It hopes to do this partly by becoming a global port and aerospace operator. In this478 words
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Article, Illustration920 2006-02-22 18 IAN TILL - To solve it, they must grasp the foundations on which top companies build themselves By IAN TILL WITH great power comes great responsibility. Nowhere is it truer than in the corporate world. Top management has the onus to lead the organisation towards better prospects andREUTERS; Source: Hewitt Associates - 920 words
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Article, Illustration776 2006-02-22 18 YOGI AGGARWAL - THE BOTTOM LINE YOGI AGGARWAL WHEN the agreement between the warring Ambani brothers Mukesh and Anil to break up the family-run Reliance group was inked last June, few observers had thought that the matter was finally settled. The stakes in the division776 words
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Article, Illustration1253 2006-02-22 19 PETER GELLING - But concern grows developed countries may take advantage of the tiny nation's inexperience at the negotiating table By PETER GELLING ASIA'S newest nation, East Timor, is also its poorest with about 40 per cent of its one million inhabitants living in poverty. ButBLOOMBERG - 1,253 words
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Article, Illustration740 2006-02-22 19 ANDY MUKHERJEE - ANDY MUKHERJEE Bloomberg THE 30 million or so taxpayers in India don't have the tens of billions of dollars that their government immediately needs in order to provide good roads, regular power and clean water to citizens. Ditto for banks. Should theyBloomberg - 740 words
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Article, Illustration1233 2006-02-22 19 SETH MYDANS - By SETH MYDANS IHT IT WAS 20 years ago this month that Corazon Aquino coined the term "people power" to describe the thrilling popular uprising that drove Ferdinand Marcos from the presidency of the Philippines. In its iconic image, nuns knelt in the paths ofIHT - 1,233 words
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FOCUS: HEDGE FUNDS
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Article, Illustration1356 2006-02-22 20 Lending is now one of the hottest new investments for the funds, which are pushing into uncharted territories in search of high returns NYT ON A SUMMER day in 2003, Anthony DiMartino was helping pour concrete on a construction job in Manhattan when heNYT; FILE PHOTO - 1,356 words
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Page 20 Advertisements
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Advertisement728 2006-02-22 20 NOTICES Toll free: 1800-289-8822 Email: I I GREATRONIC LIMITED r nr vrrv\»iiir (Incorporated in the Republic of Singapore) I VJKtAIKUINK. (Company Registration No. *****0621N) NOTICE OF EXTRAORDINARY GENERAL MEETING 1 NOTICE 13 HEREBY GIVEN that an Extraordinary General Meeting of Greatronic Limited (the I 'Company*) wtM be held at Republic728 words
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Advertisement136 2006-02-22 20 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF PCS MOBILE PRIVATE LIMITED (In Members' Voluntary Liquidation) Reg. No. *****8659W NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed136 words
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Article7251 2006-02-22 21 SGX MAINBOARP u-M M l«t vat Dot UMQmoM OrO* Mv SrtM HM MCa* I— Cal» C—ipawy Sato W- (<M> <">» Mht Cw K 2 5716 m Software St 25 2-5 J .i»!» aasg,==-g -a» m i« 107N j, n 7 »J !|S U f. 3f 8 "ffl B7,251 words
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Page 21 Advertisements
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Article6070 2006-02-22 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool cmt tail In US$ dy %yt dy y» H dy *yr Kb 20 Indm Ch«nq« Chang« Ch»oq« Oxnq* Q»«ng« Ch»ng« WaMlr«taiPttftw«rv 999; -fl.1 3.1 -02 1.4 00 3.5 J EAfEPreliminary 1801.8 -<12 23 -0.3 1.8 0.0 3.9 Europe PteSrtrawy >35?.? 026,070 words
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Page 23 Advertisements
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Advertisement1023 2006-02-22 23 I mmm NYK GROUP SOUTH ASIA PTE LTD Im4 wSS? 'M' Si H. LINE Fax: 6292 2856(Regional sales)/6239 7109(0P5V6299 5785 (Documentation) V NIPPON YUSEN KAISHA TOKTO »»«U K*«HA. UO- (C/RNO: **********0E) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination C BRAVE ATW/RTM/BMN/TLB/NAN HANJIN BOMBAY VCW/LAX/MZL ERIKOUSA RDM/A7W/BMN/TIB/NAN JOHN F HANJIN HOUSTON1,023 words
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Advertisement634 2006-02-22 23 IINTWASUHOHO MIVKa VKW/VOT UWH HBOHIW) W6 KM l? W *T STRAITS VOfRJRE OS/06 15 3.2 22/03 25/03 30/03 02/04 04/04 STUm*OmJK 04/04 IS 3.2 04/04 M/ 04 20/04 23/04 2S/04 STRAITS yOfTUK 07/04 15 3.2 27/04 30/04 04/05 07/05 M/ 05 [AUSTRALIAN KOftO MRVKI 1 IHBGHTBQ |IP |SM M STB634 words
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Advertisement1851 2006-02-22 24 WAN HAJ INTERNATIONAL PTE LTD at NO: **********0/K TEL *****588 (14UNES) FAX; *****163 M4\ WAN HAI lINFs -cmm)«W*O V l" V WW Mil rIMI UllkJ PH HL (03) *****8 M FAX: (03) *****258 HM TH: (04) *****00 Wt (04)*****99 V, JOH (07) *****Z3 HUL (07)251»92l Sl* 1*1031)*****75 FAX: *01) *****14/1,851 words
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Advertisement1166 2006-02-22 24 rasa voy _sjm_ j#g_ m_ jk_ m_ _ws_ vcsa voy_ «n jkt su» hkg dsn pus HY VLADIVOSTOK 172S 23/2 2S/2 2/3 4/3 4/3 1/3 1/3 RMTC JAKARTA M3S 24/2 1/3 2/3 7/3 11/3 12/3 HY PROGRESS 109S J/3_ 4/3 »/3 JV3 J5/3 JIV3 KMTC PUSAN 603S 5/3 8/3 */31,166 words
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Advertisement803 2006-02-22 24 m WEEKLY EXPRESS SAIUNG SCHEDULE ICQ POINTS I .ygsa 1 VOT Ism IpjajuwlcoitMMokswv* |COUHMO~~| lAUO ACOBHTING FQ TO COOW, lUIKMW (VIA COIOMO) AND UKUI 60*1 (VIA N SWVA) COMNKIMG MOTHB VSIS 10 HMPI (HUXSTOWI. WTTBtDAAI HAHKG) AW> EAST COAST USA (WW TOM. HOKIHTOU A (HAMBTOH) AT N SHEVA| VBSE VOT803 words
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Page 25 Advertisements
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Advertisement746 2006-02-22 25 SNordana (Asia) Pte Lid E2SLES' 70Sh—tw Wty, #21-03 WUri— Hmw> *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS MTK PWB VtSSa VOY ftwir* TfHi Cfthhd ttrirt—st*d Mf Island Express 1E602 20 fab 2]_W> 02 Itor 11 Mot MM® Island Express 1E603 23 Mot X 02 Apt746 words
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Advertisement658 2006-02-22 25 -HnfiMi ig»~ l?/w j«"y» h —Sh— ggk= SS ISS B»- ™==^==afe==afe= gST Kg -Sg==3g= I®==!=##= PAOANP* 1471 M 21/02 ?l/03 rXMNttll W1 11/03 14/03 wr s* w MHUNi HHgIH paciawgm S2s* i*/i2 17/02— Vissa VOT SM _m MSS 5257 21/02 23/02 rXWB P***** 17/02 »/02 gßj 5251 M/oT~ 21/02 HKWWI658 words
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Advertisement283 2006-02-22 25 i BSA MYANMA MM five star une (MytHMor Notioaol line) Loading for Ymgoa vissa voy sin pu pen pgu OWSMWIHAW WW SU) PAGAN 34 fW SU) W MALAYSIA: BOUSTtAD SHIPPING AGENCIES KUI/PKL 03-*****3U PEN: 04-*****15 ACCEPTING CONVENTIONAL C6O VESSa wink m khiniiusm t*w COCOA MART II SU) SU) 71/01 J4/07-283 words
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THE BUSINESS TIMES SHIPPING TIMES
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7246 2006-02-22 26 This ETA ETA Mmrtkm VmmI Voyage Tileptiom SM D«fn Nan* Nam* Number To ABIDJAN (ABJ) 2003 Cot* D'lvoire 02X13 (MAX China Shpg CSCL FEUXSTOWE SX215W *****698 05/03 06/04 Ddmas DELMAS BAUCHN 6I4W *****344 07/03 18/04 China Shpg CMA CGM FORCE SX217W *****696 15X13 11/047,246 words
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MOTORING
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Article, Illustration809 2006-02-22 27 SAMUEL EE - BMW set a sales record in Singapore last year, beating traditional rival Mercedes-Benz for the first time. At the same time, the 7 Series topped the luxury limo stakes against the outgoing S-Class. But now that a new edition of the big Merc hasARTHUR LEE - 809 words
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Article, Illustration675 2006-02-22 27 THE new Mercedes-Benz SClass is expected to do well this year and regain the lead from the BMW 7 Series for at least a while. Even so, DaimlerChrysler claims not to be interested in the who-sells-most league. "We are not in the numbers gameARTHUR LEE - 675 words
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203 2006-02-22 27 SAMUEL EE - By SAMUEL EE THE Land Transport Authority (LTA) will shut its service counters and vehicle-related online services for a long weekend before next Tuesday's introduction of new online services, which will introduce electronic records for the registration, transfer and deregistration of vehicles.203 words
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Page 27 Advertisements
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Advertisement56 2006-02-22 27 Diners Club Card roo W ./»«.ff64i6 0980 A World of Exclusive Privilege, 6 Treat, (A jKriSSr wtotc.amere.com.eg V_i^^ «rastaurartsOcarttartxjMLaB hi Aria Bistro Wine Bar KCinffl™ ***** l Esplanade Mall #01-09, Tel: 6334 6166 vsllllll 111 NSslll 50% off ala carte main courses bistro Wine bar Only when you charge to56 words
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Advertisement31 2006-02-22 27 Presents Tastings@ Vinotique featuring wines <>/" With Mr Howard Duncan. Export Manger Vertical Tasting of Stonewtll Shiraz Vintages 1996,1999,2000 Eight Songs Vintages 1996,1999,2000,2001 Mentor Vintages 1996,1999,2000 Attendance by Invitation, kindly RSVP Raymond@VinotiqueWineCellar.com31 words
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Advertisement95 2006-02-22 27 y) uihl i lEHII H|^| Off for Sushi Sashimi Terms Conditions Apply Sushi Don Ptt Ltd 109 North Bridge Road #B1 -01A Funan Digitalife Mall, Tel: 6338 9894 Sushi Don (Rendezvous) Pte Ltd 9 Bras Basah Road #01-01, Hotel Rendezvous Gourmet Gallery, Tel: 6883 2159 i Present this cut-out advertisement95 words
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Advertisement15 2006-02-22 27 Cake, anyone? Sift out the freshest bakery/cooking courses from Class 23 right now! I KATSJ15 words
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Advertisement62 2006-02-22 27 ValiM* Mt als a( SV/."»0 iirfi |mt ilrin 11 it It I Iitc rlioirr ol ioltVi k /i( k «i/Miliilrinl«s Menu Nasi Goreng Hainanese Chicken Rice Katsu Don Kampong Fried Rice Sliced Fish Thick Beehoon Soup Singapore Laksa Fried Thai Style Kway Teaw (Pahd Thai) Grilled Chicken with Prata Bread62 words
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executive Money
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Article, Illustration1292 2006-02-22 28 RAY BARROS - It will fall to about US$48, with correction ending around June, but in the long term, it is set to hit at least US$100, says RAY BARROS RAY BARROS FROM a high of US$7O, crude oil has recently fallen to about US$55 a barrel. The1,292 words
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Page 28 Advertisements
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Advertisement138 2006-02-22 28 '> KENNY HILLS, KUALA LUMPUR Xhe Most Prestigious Add ess Y »**< »*'*i^^^^^t rl] InKihMBITPmMi-fMIty^iJteslij ■|bhh|mßbli fIH fj.^L»^ nIHII ■BP M PW |M J fcM Built on 7.4 aaes of FREEHOLD land the exclusive Hjani 2 North condominiums are designed to be modern and contemporary with full attention to details138 words
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