The Business Times, 27 February 2006
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2006-02-27
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The Business Times
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Title Section19 2006-02-27 1 THE BUSINESS TIMES Monday February 27,2006 SINGAPORE 85 cents mm- online at http://business-tinres.asia 1 .com.sg MICA (P) 089/03/2005 MMMNHNMMBRMMMMMI19 words
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813 2006-02-27 1 SIOW LI SEN - Signatures not enough for card use in some countries By SIOW LI SEN [SINGAPORE! Singaporeans bound for Britain had better brace themselves for possible confusion over how their credit cards will be received, after the UK recently became the latest country to switch to the813 words
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Article135 2006-02-27 1 MARKETS Week Chge STI .2453.67 +22.33 KLSE COMP 924.91 -1.56 NIKKEI 225 *****.91 ....+388.46 HANG SENG .......*****.05 ....+380.36 SET INDEX 741.80 +2.45 JAKARTA COMP ...1216.14. -27.34 MANILA COMP ....2069.93........-32.23 TAIPEI TAIEX 6538.22 -135.53 SEOUL COMP 1365.82 +33.09 SHENZHEN B 252.82 -1.62 AUSTALLORD 4849.40 ....+100.90 DOW JONES .......*****.85.. -53.47135 words
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699 2006-02-27 1 CLARENCE MICHAEL - Officials looking at developing joint marketing By CLARENCE MICHAEL in Dubai SINGAPORE government officials are currently in talks with the United Arab Emirates (UAE) tourism authorities, especially in Dubai and Abu Dhabi, to explore possible areas of cooperation. The consul-general of Singapore in the699 words
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Advertisement13 2006-02-27 1 BizH mm Lenovo to launch |.G,, PCsinAsia-ftic s|i| < YT V PG3S 8 II13 words
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Advertisement24 2006-02-27 1 P&O DEAL Commentary: US outcry reeks of hypocrisy PG3 USs6.sbloan financing: what bankers say PG3 DP World expected to seek new US review PG2B24 words
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Advertisement38 2006-02-27 1 VIEWS FROM THE TOP CEOs on whether it was a business-friendly Budget res m H ''Wsm^^^M fund managers giveiheir ''"pv^iv''• *?•■i'X'"s<■■'-.'" 'VE^Sl^^^qh E, C». >| St a. jjiM tsaumsm ft j 's r^H^HB WWfm <•• \'*:i Y .liiiml^^^^^^Mß ,i wW^^Vk38 words
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Advertisement8 2006-02-27 1 COMPANIES Can Capita Land maintain earnings momentum? PGS8 words
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Advertisement8 2006-02-27 1 COMMENTARY Reimburse victims t of corporate crimes PG48 words
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TOP STORIES
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511 2006-02-27 2 S'pore govt said to have joined Macquarie consortium [LONDON] Macquarie, the Australian investment bank, is poised to team up with Spanish construction giant Ferrovial to launch a £15 billion (5542.7 billion) hostile bid for BAA, the former British Airports Authority, which runs Heathrow,511 words
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Article714 2006-02-27 2 DP World's USs6.sb loan gets positive response RESPONSE to Dubai port operator DP World's US$6.5 billion syndicated loan facility to help pay for its proposed controversial purchase of Peninsula and Oriental Steam Navigation Co (P&O) has been positive. The initial pricing margin for the five-year loan is 125714 words
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653 2006-02-27 2 He says any such event may pass in 6 months to a year [SINGAPORE] The economy will suffer a contraction if the Avian flu hits pore, Minister Mentor Lee Kuan Yew said yesterday. Saying that the event may pass in six653 words
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Article, Illustration561 2006-02-27 2 ASIAN AEROSPACE 2006 Reuters [SINGAPORE] Strict limits on US and European firms taking sensitive defence technologies into China will hamper plans for a new Hong Kong air show, though burgeoning Asian aircraft demand will make it difficult not to attend, aerospace company officialsReuters; PHOTO: YEN MENG JIIN - 561 words
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555 2006-02-27 2 CHUANG PECK MING - By CHUANG PECK MING [SINGAPORE] American investors' appetite for Singapore equities and long-term debt instruments has kept up with their growing hunger for foreign long-term securities, according to a study. But US investors have been more active in rising capital markets555 words
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Article, Illustration1043 2006-02-27 3 DONALD URQUHART - DUBAI PORTS WORLD'S PURCHASE OF P&O 'Security concern' smacks of xenophobia DONALD URQUHART Correspondent While it appeared the end of the bidding war for the 168-year-old P&O group signalled the conclusion of the high-stakes corporate drama, the continued cacophony of US politicians bent on denying1,043 words
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438 2006-02-27 3 SIOW LI SEN - It consists of US$6.3b term loan, US$200m revolving credit facility By SIOW LI SEN [SINGAPORE] INITIAL responses from bankers to Dubai port operator DP World's five-year US$6.5 billion syndicated loan facility is said to be positive as it is offering 125 basis points438 words
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Advertisement289 2006-02-27 3 Kb a if S VlSiyrtV6 I* |L "J® I i Hitachi projectors will present you perfectly. Conducing dynamic business is never easy. You may be initiating ground--3W I breaking research, identifying hard to spot opportunities, or even formulating ideas that could save your client small fortunes. m IT But how289 words
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COMPANY NEWS
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442 2006-02-27 4 Reuters SEMBCORP Industries Ltd, Singapore's third largest conglomerate by market capitalisation, is expected to post a slightly lower quarterly profit tomorrow due to lower contributions from its logistics business. A lower-tban-expected quarterly profit posted by its offshore oil-rig building affiliate, SembCorp Marine, alsoReuters - 442 words
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586 2006-02-27 4 MICHELLE QUAH - UOB and Venture improved their earnings in contrast to Noble, HK Land By MICHELLE QUAH THE reporting season got into full swing last week, with 102 companies posting their full-year results. As of the end of trading last Friday, a total of 190586 words
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Article, Illustration565 2006-02-27 4 AFP [SYDNEY] The Australian public's lingering view of Qantas as a national icon helped sway its government's controversial decision to maintain a trans-Pa-cific ban on Singapore Airlines (SLA), according to analysts. While Qantas was privatised more than a decade ago, many Australians retain anAFP; REUTERS - 565 words
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597 2006-02-27 4 CONRAD RAJ - HOCK LOCK SIEW By CONRAD RAJ WHEN American Insurance Group, one of the world's largest insurers, reached a US$l.6 billion settlement with US regulators over its deceptive accounting practices, half of that amount went to investors who were affected by the malfeasance. This is not597 words
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Article, Illustration916 2006-02-27 5 KALPANA RASHIWALA - CORPORATE ANALYSIS Divestment gains look set to be regular, sizeable item in its accounts By KALPANA RASHIWALA CAPITALAND'S full-year 2005 net profit of $750.5 million was not only an all-time best for the property group but also the highest ever for any listed Singapore propertySource: Capital and - 916 words
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Article, Illustration411 2006-02-27 5 Reuters ASCOTT Group Ltd, the largest serviced-apartment operator in Asia, will generate more than half of yearly net profit from asset sales after the listing of its property trust next month. Ascott chief executive officer Cameron Ong said the company was transformingReuters - 411 words
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COMPANY BRIEFS
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99 2006-02-27 5 FULL Apex Holdings' net profit for the year ended December 2005 dipped slightly by 0.9 per cent to 144.1 million yuan (5529.1 million) on a revenue increase of 10.2 per cent to 909.1 million yuan from the year before. The decline in99 words
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86 2006-02-27 5 TOY maker Wah Shing International's controlling shareholder, South China Industries BVI (SCI) and parties acting in concert owned, controlled or had agreed to acquire a total of 194.1 million shares in the Hong Kong-based company, representing about 71.32 per cent of86 words
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27 2006-02-27 5 VIBROPOWER Corps full-year net earnings fell from $3.7 million to nearly $2 million. Turnover declined 28.1 per cent to $61.2 million.27 words
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38 2006-02-27 5 CG Technologies's Q4 net profit rose 3.7 per cent to 19.6 million yuan. For the year ended Dec 31,2005, net profit rose 24.9 per cent to 70 million yuan.38 words
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Page 4 Advertisements
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Advertisement145 2006-02-27 4 This announcement appears as a matter of record only February 2006 l|^HL*A 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 comprising:(a) 1,000,000 Offer Shares at $0.20 for each Offer Share by way of145 words
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Page 5 Advertisements
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Advertisement150 2006-02-27 5 MHt 1 IHBHI A ■I rm w B flt-• hI w 1, Hi HI WmW AHI Bm7 i| I II fl| ft IB tv I Mai I lin I I 3o I t Ii mm A: I 18! w* m mr 1 I f P™W I a. I II ■lIHIV150 words
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SINGAPORE MARKETS
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Article, Illustration634 2006-02-27 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent According to bca Research's latest Global Investment Strategy, most fund managers are "nervously long". The research house said: "This accurately describes and sums up the current sentiment and position of the average investor each and every one seems to634 words
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Article973 2006-02-27 6 Payment Ex looks Pay Payment Ex Books Pay tad itis do— Mt last <•?« d»o Action Aaa x 050 IB-May 054% 174% Nera Elect 5c b 1.00 0*4% 0»4toy 1»May Amtek Engg 20c I IJO 13*€b 16-Feb 27-Hh Nera Telecom F 123 OMkl 004% 104% Asian Micro w973 words
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512 2006-02-27 6 CURRENCIES AFP [HONG KONG] Asian currencies were mostly higher against the US dollar over the past week with expectations of an early interest rate hike in Japan and a further rise in Australia driving their currencies higher against the greenback. JapaneseAFP - 512 words
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Article, Illustration1697 2006-02-27 6 Consensus No.of Forecast Mean M*s if immwmliilkm csti- EPS PC 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 1.31 Ascendas REIT 2.39 2.14 13 11.41 18.85 2.32 2.18 Aussino Group 2.00 1.00 2 4.55 8.13 0.541,697 words
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Article217 2006-02-27 6 COMMODITIES AFP [LONDON] World oil prices raced above US$62 per barrel last week as geopolitical concerns in Nigeria and the Middle East returned to the fore, overshadowing news of healthy US crude stocks. Many commodity prices rose in the wake of gains by oil. Gold: On theAFP - 217 words
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Article, Illustration1353 2006-02-27 7 TEH HOOI LING - TEH HOOI LING Senior Correspondent After much volatility the week before, the Singapore market seems to have found its footing again to continue its way up. For the week ended Feb 24, the Straits Times Index edged up 0.9 per cent while the UOB1,353 words
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Article, Illustration1086 2006-02-27 7 ROBERT HALILI - INSIDE MARKETS Cerebos Pacific, Ferrochina and Thomson Medical Centre report heavy profit taking by directors, reports ROBERT HALILI ROBERT HALILI THE rebound in the market in the past five weeks has prompted a wave of selling by directors and substantial shareholders in the local1,086 words
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VIEWS FROM THE TOP
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Article, Illustration2803 2006-02-27 8 THIS WEEK'S TOPIC Is it a business-friendly Budget as well? Are there any additional pressing concerns affecting businesses in Singapore that the Budget could have addressed? SINGAPORE businesses are increasingly aware of the need to innovate in order to compete with companies with a larger home2,803 words
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Advertisement70 2006-02-27 8 BT CEOs e-Club Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interaci with in an atmosphere of informality and trust This 'dub' is a virtual one; with interaction mainly via e-mail. Each week, we will invite comments from these top executives70 words
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Advertisement21 2006-02-27 9 HAVE YOUR SAY What do you think of the opinions expressed in these pages? Share your views by writing to btietter@sph.com.sg21 words
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SINGAPORE NEWS
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432 2006-02-27 10 WINSTON CHAI - Sector contributes 6% of GDP, future remains positive: Lee Boon Yang By WINSTON CHAI DESPITE growing competition, Singapore's infocomm technology industry continues to advance, raking in revenues of around $37 billion in 2005. Citing estimates from the Infocomm Development Authority of Singapore432 words
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Article, Illustration461 2006-02-27 10 HONG SOON JAE - By HONG SOON JAE SOUTH Korean banks in Singapore are moving to ditch their conservative approach in an effort to attract more business when a Free Trade Agreement (FTA) between the two countries takes effect next month. Almost all their business here involves lettersREUTERS - 461 words
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164 2006-02-27 10 ENCOURAGED by a year of robust growth in the Asia-Pacific, German pharmaceutical firm Schering AG is seeking to expand its reach in the region, especially in the area of fertility control. At an announcement yesterday of Asia-Pacific sales, Schering said that it is banking on164 words
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Article, Illustration455 2006-02-27 10 LESLIE YEE - By LESLIE YEE FRANCE'S SG Private Banking sees significant growth in its Singapore operations coming from European clients being served out of its dedicated European platform in Singapore. Daniel Truchi, CEO SG Private Banking (Asia Pacific), said: "The European platform in Singapore willFILE PHOTO - 455 words
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Article179 2006-02-27 10 DATE/ TIME EVENT VENUE 27 Feb LexisNexIs A Practical Furama Hotel 8.45am Guide to Fraud Prevention for Auditors 27 Feb Channel NewsAsia Asia Grand Hyatt 9.00am Seminar Leadership From the Battlefield to the Boardroom 27-28 Feb Ark Group Brand Profit Grand Hyatt 8.00am Masterclass. Authentic Brand Positioning: How179 words
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Advertisement159 2006-02-27 10 Hosting is Our Business When you host your mission-critical online business with Webvisions, you are assured of reliability, round-the-clock service and true 24/7 technical support. WHY WEBVISIONS 7 p! PVt- ;Kp 11 l|nr Am.I-Kic i'iC < i if-' Onn poi-t if contact wrh your '1e<1;c .ltd .u'co t>* '••.in i159 words
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DINING OUT
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Article, Illustration1000 2006-02-27 11 Wine Garage #01-07 Riverside Point 30 Merchant Road. Tel: 6533-3188 MOST wine places tend to focus on wines, while offering you finger food on the side. On the other end of the spectrum, they could be intimidating fine-dining restaurants serving high-priced food with wines1,000 words
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Page 11 Advertisements
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Advertisement121 2006-02-27 11 > I f 1 SSEoC E There are several ways by which we enhance people's lives. Here is one of them. Our visual solution supported by advanced projector has enhanced teachers' performance and students' comprehension level. With original mirror projection technology that enables v ultra-short focal distance, you can easily121 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration716 2006-02-27 12 KELVIN SAM - CAMPUS LIFE Members of SMU's Zero Limits cycling team share their thoughts with KELVIN SAM KELVIN SAM WE are going to make it up there! Expedition leader Lee Li Jen often repeated this catch-phrase to her team during the most gruelling parts of their cycling journey to716 words
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Article206 2006-02-27 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 have206 words
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Advertisement888 2006-02-27 12 Making sense of an IPO prospectus Thinking of investing in a company that's going public? Before you take the We take a look this week at what the Singapore Exchange and the Monetary plunge, be sure you understand what you are actually getting yourself into; don't Authority of Singapore have888 words
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Advertisement46 2006-02-27 12 crfrbank The Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.46 words
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ECONOMY WATCH
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668 2006-02-27 13 ANTHONY ROWLEY - Senior government minister gives nod for end of quantitative easing By ANTHONY ROWLEY in Tokyo TOKYO financial markets will be keyed up with suspense this week for further signs that the Bank of Japan (BOJ) is about to end its five-year-old ultra-easy668 words
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229 2006-02-27 13 Bloomberg [JAKARTA] Indonesia's central bank and the government will form a panel to help coordinate fiscal and monetary policy and attract investments into the country, Coordinating Minister for Economic Affairs Boediono said on Saturday. President Susilo Bambang Yudhoyono had pledged to improve policyBloomberg - 229 words
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256 2006-02-27 13 Reuters [LONDON] Baby boomers are so qsset-rieh that they will cause an unprecedented boom in the value of housing wealth that is inherited in the next 15 years, the Halifax said on Saturday. Four-fifths of people born in the years immediately following WorldReuters - 256 words
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Article, Illustration696 2006-02-27 13 Stable prices key to growth and stability, he says Bloomberg. AFP [NEW YORK] The new Federa) Reserve chairman, like his predecessor Alan Greenspan, doesn't plan to get in the way of surging home or stock prices. Ben Bernanke, staking outBloomberg.; AFP; BLOOMBERG - 696 words
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392 2006-02-27 13 Bloomberg [ATLANTA! St Louis Federal Reserve president William Poole made a series of recommendations, including standardised phrasing in Fed statements, that he said would improve communications between the central bank and the markets, and make monetary policy more effective. Mr Poole alsoBloomberg - 392 words
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488 2006-02-27 13 Arab countries account for less than one per cent of total US$1.5t of FDI NYT [HOUSTON] Despite soaring oil revenues in the Middle East and the uproar over the attempt by a Dubai company to control seaport terminals at several AmericanNYT - 488 words
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MALAYSIA/INDONESIA
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Article, Illustration490 2006-02-27 14 PAULINE NG - M.Mobile says its phones with Islamic features can grab market share By PAULINE NG jn Kuala Lumpur M.MOBILE: It's a brand name yet unknown, but Malaysia's newest challenger in the cellular phone arena aspires to be a top ten player within the next fiveAP - 490 words
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328 2006-02-27 14 Reuters [JAKARTA] Activities at a huge mine in Indonesia's remote Papua province owned by a unit of US company Freeport-McMoßan Copper 8r Gold Inc have resumed after an agreement with village protesters ended the blockade. "The situation at the Grasberg Mine in Papua hasReuters - 328 words
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249 2006-02-27 14 I KUALA LUMPUR] The first steps appear to have been taken to involve the courts in BumiputraCommerce Holdings' attempt to take over Southern Bank Bhd (SBB), The Star said on Saturday. A major shareholder and board member of Killinghall (M) Bhd, believed to249 words
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Article3099 2006-02-27 14 Transaction date: Feb 24 For a full listing of the dosing prices, log on to BT Online at http://business-times.asia1 .com.sg after 11.30pm every trading day HONG KONG v«i HO W- '00> Aeon Credit 6-2S unch 92 Aeon Stores 7 JO unch 4 Angang New Steel H .6.35 -0.153,099 words
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Article120 2006-02-27 14 [KUALA LUMPUR] Oil services company Scomi Group Bhd has more than doubled its full-year net profit, and says it wifl continue to boost its drilling waste management business to take advantage of the increasing trend towards integrated services, Malaysia's Business Times reported on Saturday. The group120 words
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Article, Illustration545 2006-02-27 14 PAULINE NG - MALAYSIA INSIGHT PAULINE NG KL Correspondent IF a job is worth doing, it's worth doing it right the first time. This is certainly true of infrastructure projects. The heavily utilised Middle Ring Road 2 (MRR2) was closed at a particular section just after Chinese545 words
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GREATER CHINA/INDIA
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672 2006-02-27 15 It is expanding consumer financial services amid big demand for credit Bloomberg [MUMBAI] GE Money, a unit of General Electric Co r aims to triple its assets in India by the end of 2008 as demand for credit rises inBloomberg - 672 words
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Article, Illustration498 2006-02-27 15 ASHOK KUMAR - INDIA INSIGHT Main thrust likely to be on infrastructure, agriculture ASHOK KUMAR In Mumbai ONE of the biggest events on the Indian financial calendar usually takes place on the last day of February when the nation, waits, watches and listens for Indian Union498 words
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529 2006-02-27 15 It will be the world's largest IPO in six years Bloomberg [HONG KONG] China s biggest lender has invited banks including Credit Suisse Group, Deutsche Bank and Goldman Sachs, to submit plans to manage its US$lO billion initial public offering, bankersBloomberg - 529 words
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Article, Illustration599 2006-02-27 15 ANALYSIS It is attracting international developers Reuters [HONG KONG] At a convention in Shanghai, a group of investors with US$llO billion in funds between them asked a property (and decisions) expert where in Asia he would put his money. "Without hesitation, Macau," answeredReuters; REUTERS - 599 words
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252 2006-02-27 15 Bloomberg [SINGAPORE] News Corp, the media company owned by Rupert Murdoch, denied a report it may sell its entire 38 per cent stake in Phoenix Satellite Television Holdings Ltd, the biggest satellite television operator broadcasting into China. "We have not consideredBloomberg - 252 words
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326 2006-02-27 15 Bloomberg [MUMBAI} HSBC Holdings Pic, Europe's biggest bank by market value, sold part v of its stake in India's UTI > Bank Ltd for 6.38 billion rupees (***** million), reducing its holding below, the 5 per cent limit on ,j foreignBloomberg - 326 words
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ASIA-PACIFIC/WORLD
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Article, Illustration568 2006-02-27 16 A successful attack may cripple ties between US, Saudi regime Reuters. LATWP [RIYADH] A failed Al-Qaeda attack on a Saudi oil facility last week may have seemed poorly planned, but determined militants, boosted by experience in Iraq, will keep the key oilReuters.; LATWP - 568 words
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415 2006-02-27 16 Thaksin's rivals have not ruled out boycotting polls AFP, Reuters [BANGKOK] Thailand's three main opposition parties are seeking a meeting with embattled Prime Minister Thaksin Shinawatra to discuss constitutional reforms that could end a deepening political crisis* officials said yesterday. "The best solution, as ofAFP,; Reuters - 415 words
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546 2006-02-27 16 Reuters [NEW YORK] The bird flu's expansion to Europe presents risks to health and the region's sluggish economy that could batter the euro, some US-based currency traders reckon. In forex markets, the virus has until now been perceived as a threat mainlyReuters - 546 words
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734 2006-02-27 16 ANDREW MARKS - WALL STREET INSIGHT Weak durable goods report and oil prices dent stocks By ANDREW MARKS in New York COMING in to week, Wall Street strategists were saying that the key to determining the stock market's fortunes would be the numbers of two economic734 words
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175 2006-02-27 16 Reuters [NEW YORK] Morgan Stanley has awarded chief executive John Mack US$27 million in compensation for 2005, and gave predecessor Phillip PurcAll, who left under pressure, US$52 million. Mr Purcell was forced out as CEO at the end of June in the wake of managementReuters - 175 words
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433 2006-02-27 16 Bloomberg. Reuters [PARIS] Suez and Gaz de France, the world's No 4 and No 9 largest utilities, said they plan to merge. The transaction will create the world's No 2 power and gas supplier and fend off aBloomberg.; Reuters - 433 words
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Page 16 Advertisements
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Advertisement598 2006-02-27 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER Of ENTHONE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****0169 C NOTICE Of RESOLUTIONS At an Extraordinary General Meeting of the Company held at 80 Raffles Place, #18-20, UOB Plaza 2, Singapore *****4 on the598 words
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Investment Fund Awards
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Article, Illustration581 2006-02-27 17 Genevieve Cua - By Genevieve Cua TTHE LAST three years have been truly rewarding for those invested in plain vanilla equity unit trusts. For quite a number of funds and sectors, returns have been in the triple digits, leaving any conservative instrument structured deposits, protected funds and, of course, lowly deposits581 words
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765 2006-02-27 19 LIM MENG TAT - LIM MENG TAT explains why it is futile to chase investments based on sizzling past returns LIM MENG TAT BASING your investment decisions on past performance can be a buy-high strategy that leaves you with disappointing returns. Typically, "rear view mirror" investors as they are765 words
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663 2006-02-27 19 ROBIN PARBROOK - By ROBIN PARBROOK THE Greater China markets, comprising China, Taiwan and Hong Kong, performed respectably last year and could well have some steam left in 2006. China: We expect GDP growth to remain robust, supported by the benign global economic outlook and strong government663 words
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Article, Illustration963 2006-02-27 20 Over-confidence and optimism are some of the key psychological quirks investors should keep in mind when making investment decisions INVESTORS like to believe that making investment decisions is a thrilling mixture of skill, knowledge and guts. Humans are, however, known to suffer from illusions when it comes to963 words
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572 2006-02-27 20 ANDREW KEMP - By ANDREW KEMP US MONETARY policy appears to be near a neutral level and the extent of further hikes depends on the strength of economic data. As such, the Federal Reserve will be closely monitoring the health of the US consumer as572 words
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Article, Illustration2256 2006-02-27 22 LION CAP JAPAN: Winner, three-year Equity Japan category t Management f What want right: We believed that the economic recovery in Japan was self-sustaining and would be driven by domestic consumption and capital investments despite the ecpnomy having slipped into negative growth in the2,256 words
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Article, Illustration953 2006-02-27 24 MARTIN LAU - MARTIN LAU explains why investors are focusing on Asia-Pac markets for dividend investing MARTIN LAU GLOBAL investors are turning to Asia for dividend yield investments in a climate characterised by low bond and -tash yields. This is because companies in the region have Jiuilt up strong cashSource: CSA - 953 words
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Article452 2006-02-27 24 INVESTORS who are more confident and better prepared for retirement often share common strategies. You may want to consider the following smart moves when building your nest egg. Make sure you have a goal: You may assume that having a goal is a given, but452 words
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Article, Illustration1321 2006-02-27 25 SHIV TANEJA - But Singapore's financial advisers must build momentum as a group to ensure healthy competition and quality services, says sSHIV TANEJA SHIV TANEJA I THE development of Singapore's financial advisory (FA) channel and unit trust platforms is the first serious effort to provide a competitiveFILE PHOTO - 1,321 words
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Advertisement188 2006-02-27 17 Owniwlor Genewve Cua MtorßaineKoh S«b liMr. PK Surest) Artists Gareth Chung; Jacquefine Phua; Jennifer Chua ■■■99 the Busies STANDARD r spoors ONLY on the navigator platform Navigator provides you with a comprehensive range of exclusive award-winning funds through the first CPF-lnvestment Administrator electronic platform in Singapore. Now you can Plan,188 words
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Advertisement566 2006-02-27 18 For the third y©ar runhittg, has ftfteived a fine harvest Winning funds at Standard Poor's 2006 Singapore Fund Awards «aa> I- i a i Winner of the Equity Europe (3-Year) Category: Fidelity Funds -European Aggressive Fund (e?) of awards at Staftaard Poors 2006 Singapore Fund Awards I 1 1 .ifZ566 words
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Advertisement439 2006-02-27 19 Thank you for supporting our award-winning investment funds. For the year 2005, we won 11 prestigious investment awards. We couldn't have done this without you, our clients and partners. The Edge-Lipper Singapore Fund Awards 2006 Best Fund Group Over Three Years Overall Group: DBS Asset Management Best Fund Group Over439 words
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Advertisement306 2006-02-27 20 l L^wSfi^^j vfe^j j *vl onar 200 vears of j*e?ft >r->L J^W^'^^MmKK^SsKsm .■jHß®-■•■■•■- -;2L—* :> W^B^^^BM|PBWBP!^»^ lrt j^^w^%i%^Q: i i ffifffm- <" < 3Tf <&.J^f fl^g «r>£, ;|V IJM* ra[p» 18EIF m--MBBBKSMMipp^*=•%jy#T <: *iM 3s& 4s v J&* ifoyyy j|jP|k v •>*%?&■. '^96* **sFsS^* I fPS?^l,|& t ,^s' s*£^~. 4306 words
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Advertisement648 2006-02-27 21 I 1 I I WE COULD TELL YOU I I HOW GOOD OUR FUNDS ARE. I BUT WE'D RATHER LET THE I RESULTS SPEAK FOR THEMSELVES. 1 H I STANDARD POOR'S 2006 SINGAPORE FUND AWARDS I Lion Capital Japan Growth Fund Equity Japan 3 Years I Lion Capital Japan Growth648 words
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Advertisement293 2006-02-27 23 I' H I «t «> A consistent winner of prestigious awards since 1996, UOB Asset achieve your investment goals. After all, nothing is quite as important Management boasts an impressive haul of 84 accolades in Singapore*. as rewarding your trust in us. How did we achieve such success? With a293 words
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Advertisement299 2006-02-27 24 CIMB cfiibank finatjpcom l Tel: 1800-800 FUND (1861) "fel! 1800 118 9889 Tel: 6111 9000 1*1: 6220 7890 1*1:1800 416 2882 n *"*Sr MwnHta HSBC«> Tel: 6220 5333 MIH7 2H) tkl: I*oo *00 MOO M 1600-HJK NOW (*7U tOt) IW:US7 2000 i i fMaybank IMjfaiMitll PfhiiiipCapttai RK3+BANK v vi >.299 words
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Advertisement167 2006-02-27 25 -4BT~~ I l I Ik Jr/*?V' 1] M*v- -piS 'M' v Vri* '-^jllf^BHp 1 '3't J^B r.J < Imagine a global financial firm with the heart and soul of a tw6-person organisation. A world-leading wealth management company that sits down with you to understand your needs and goals. An award-winning167 words
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FOCUS: INVESTING
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Article, Illustration1581 2006-02-27 26 CLEMEN CHIANG - Successful investing is a matter of understanding the market. CLEMEN CHIANG offers advice and lists resources to get you started. CLEMEN CHIANG BEING a successful investor is not as difficult as most people think. Making a successful investment is highly dependent on knowing how theAFP - 1,581 words
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Page 26 Advertisements
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Advertisement139 2006-02-27 26 liTwl Lianhe Zaobao I \m\ I Taiwanese I I mired in I I credit card I I debt I Diners Club Card Toapri»cJi64,i6o9&o A WorIA of Exclusive Privileges Treats Diners Club HwyfKl r J* Be transported to France with authentic French fare that sends you on a journey to gastronomic139 words
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Advertisement64 2006-02-27 26 GOOD GAINS Q> Let your investors know by advertising your financial results in our newspapers. WATS Call 1800 289 8822 or email notices@sph.com.sg. notices V fel IFr,f/iKT3Tllirgf Sunt«c Ctty Man #61-40/41/42,1 M: 0336 8240 Funan Digltall* Mad #02-10/11, TW: 6336 0090 1 HI 1 50% off Seafood Steak Combo Main64 words
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AVIATION
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Article, Illustration735 2006-02-27 27 M-E airlines are adding long-range jets and raising bar for inflight services AFP [SINGAPORE] When Peter Harbison flew back to Sydney after attending the Asian Aerospace exhibition here last week, his plane could offer only one entertainment channel in the first hourAFP - 735 words
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434 2006-02-27 27 AFP [PARIS] One of the earliest Airbus planes was the first arrival at a new aircraft recycling plant in the Pyrenees last weekend for an environmentally friendly end to its 30-year life. The new facility reflects a boom in aircraftAFP - 434 words
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308 2006-02-27 27 AFP [KUALA LUMPUR] Malaysia's low-cost pioneer Air sia says it anticipates tough times ahead as fuel prices soar and the bird flu threat looms, despite having just posted a healthy 16 per cent increase in quarterly profits. Chief financial officer Raja MohamadAFP - 308 words
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Article, Illustration732 2006-02-27 27 Orders are pouring in for Airbus plane from Asia's LCCs AP [SINGAPORE] Boeing s 737 passenger plane, which has seen deliveries top 5,000 since it entered service 38 years ago, has always been touted by its US makers as the world's most popular commercialAP - 732 words
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Article667 2006-02-27 27 Mj" ]g "w m AflMM TUff AOT961 1910 if Owwifc CMM 0040 GUM SmU TR1X JT50 TRia o5q»0^ re*3<r 06K M 7 8SB 3a SS Jii ii m 1 tSmrmtm TR70I W TW700 H50 0~m J|| p Pi II m s!a m |j| 5= i ..1*8667 words
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Page 27 Miscellaneous
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Miscellaneous218 2006-02-27 27 CRYPTIC CROSSWORD ridiculous, realty upsetting parliamentarians (6) string (10) DOWN make Monica moan (10) YESTERDAY'S SOLUTION 2 Everybody has yen for a friend 13 Like a film that drags second Garden party, 10 Asses, (4) time around? (4-6) 1 Ginger ale, 12 Dungarees, 13 3 Work of casual artist takes218 words
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SHIPPING
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Article, Illustration899 2006-02-27 28 Compromise move reached after talks with Bush officials, lawmakers: sources NYT. LAT-WP [WASHINGTON] After two days of behind-the-scenes negotiations with the Bush administration and Congress, the Dubai company seeking to manage terminals at six ports in the US isNYT.; LAT-WP; AP - 899 words
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Article, Illustration942 2006-02-27 28 US officials say Jebel Ali port still susceptible NYT [DUBAI, United Arab Emir- ates] To US officials, the sprawling port along the Persian Gulf here, where steel shipping containers are stacked row after row as far as the eye can see, is a modelNYT; AFP - 942 words
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Article282 2006-02-27 28 set Mi w f«fe 24 SS Vd CH Offshore -.A 39 -0-01 378 ChuanHt4> .039 0.01 373 Coko Corporation 1.20 -0.02 6885 COT Distribution .0.98 0.04 503 EzraHkte 3.08 -0.01 ***** FreightUnks. .0.07 0.01 2530 Grand Banks Yad* .0.91 unch 0 Java Holdings..... 138 unch 114 KlVtntuntl. .038282 words
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317 2006-02-27 28 AP [RALEIGH, North Carolina] Authorities are resorting to a risky new method aimed at helping preserve what is believed to be the sunken flagship of the pirate Blackbeard. The Army Corps of Engineers is creating an underwater sand dune to shelter the QueenAP - 317 words
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Article, Illustration510 2006-02-27 28 AP [SHANGHAI] The giant cruise ship Queen Mary 2 sailed from Los Angeles harbour last Wednesday on a voyage to the past. The world's largest ocean liner spent the night at sea and then returned to Southern California for a historic meeting with itsAP; AFP - 510 words
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Article10018 2006-02-27 29 STRAITS TIMES INDEX STOCKS Stack mm Wt Oom Owng* Stodmam* Wl Oom Change SMtMM Allgreen 50c 0.30 1310 Haw Par Corp 0.41 5.400 SPH20C 4J4 4380 +0J2Q Ascendasreit 1.03 2.180 -0.010 Hyflux5c 0.40 2.790 *0.010 STEngqIOc 1.90 3.020 8ILIntlUS20c 0.57 1.520 +0.010 JMHUS25c400 3.18 17.500 STAT5ChP2Sc 0-83 1.14010,018 words
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Article5933 2006-02-27 30 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES l»St HW <»y %r HtoM md- Chang* Q*«wfl« Oung. Chi— Own— OM89# WtarU tndei PidinMj ***** 0.2 19 00 13 01 A3 t EARFtahmy ***** 03 47 00 32 00 56 Europe 1368J 03 02 -02 4.7 Q.1 Paofic 919.9 02 16 0-45,933 words
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Page 31 Advertisements
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Advertisement774 2006-02-27 31 NYK GROUP SOUTH ASIA PTE LTD AnnCzJiar mSrS TS ML LINE Fax:*****Bs6Pogonalsies)/*****109(0P5V6299 5785Pocunenteter) NIPPON YUSEN KAISHA TOKTO KJWAKU KASHA. UO. (C/R NO: **********0E) UK CONTINENT SERVICE M SERVICE Destination Destination ERIKOUSA RDM/AIW/BMN/TIB/NAN Sgftg/JW Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE SERVICE Destination Destination NORDIC CONRDENCE DBI/ABU/DOH/BRN/DMM/KWT774 words
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Advertisement564 2006-02-27 31 mm) wbgwhw m km u» I I sium ram* os/k is 12 22/03 2yw 30/03 02/ M 04/w siuns rami# 04/04 is h/w o»/w 20/w 23/w wm |smnsramwo7/m is 3.2 27/04 3054 04/0S QMS w/os Ikua 1— «i«4m aoMUM 1 VBSBL/VOY IMW) NBGNVPQ ICI SW MSYiIIKWt*TS»iUB COUWKA IIADBt/MO 30 445564 words
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Advertisement1897 2006-02-27 32 WAN HAI MTBtNATIONAL PIE LTD a N(k 14M*****00/I %TTTS\ nnu 1H:*****5W (14UNB) FA&*****163 \\J4N WAN HAI I INFs <*>— -<noo> »mnpo V «A WW Mil 11 ft I LIIILJ nai&iosiMMoa nut ramisairai am 220*000 nut pomMtt V JOH IB: (07) 2SI*9ZS HUL «07T251«*21 SWIH: (031) *****75HUL (031) *****14/IMI3OS __L_. XT1,897 words
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Advertisement1001 2006-02-27 32 YBSft wr SIM IT HK6|PW HK ItH WIS VBS& VOT SIN JKT SUB HKG USII PUS HTftOGKSS lOfS 2/3 4/3 V3 11/3 13/3 IS/3 15/3 KMTC fUSAW 403S 5/3 «/3 V3 14/3 l«/3 lf/3 HYIBOGC IMS V3 11/3 14/3 11/3 20/3 22/3 B/3 MCKSWGAfOtt 4Q3S 12/3 15/3 11/3 21/3 25/31,001 words
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Advertisement703 2006-02-27 32 m &(3!SQSrn WEEKLY EXPRESS SAILING SCHEDULE (I ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICQ POINTS I Ivissa I VOT I SW IPJHAMcItOUMMO IHSUVA ICOUMMO I ImNMKxmm rare axm tutkohn (vu colomoi and umu t goa| ■(VIA N SKVA) CONNKTMG MOTHBt VSIS TO BMK (FBBSTOWt, rOTTWOAM.! KM—CI AW EAST COAST703 words
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Page 33 Advertisements
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Advertisement884 2006-02-27 33 DNordana (Asia) Pie Ltd 70 SiwrtN Way, *21-03 Marha Hmm Shfapws 0791 It NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WISHRN AUSTRALIA AND ISLANDS MTB ME mm MTES HI WT I Swot fnntk I tmhtari frbfrußJ ifrd rwtMM hmm 1E402 X 02 Mar 11 to 14lto X I 22M a884 words
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Advertisement636 2006-02-27 33 vtssa voy sm pom rasa vot S jkt g g-jpjp ifcidlßzidHbrrffifc •M —wS~ g I jS 1 rasa sm pm vor r!u MB itH lt/*2_ ffiß !^7|,. T BSi hzm am g;gg ggg il/ST" -HUAW6" OfZO3 10/0? PACRUPAT P***** 07/03 04/03 WUlKli <941 11/03 U/OJ WIUM ggg o»/6i ff7B~l rasn636 words
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Advertisement273 2006-02-27 33 i BSA iL MYANMA ■HH FIVE STAR UNE: (Myomar National Um) Loading for Yngoa vissa vov sin pup« pgu OW SHWI HAW 90W SU» PAGAN 34 tW SID IN AAUYSIA: lOUSTEAD SHIPPING AGENCIES KIK/PKL 03-*****3 M PEN: 04-2*3341 S AMimJiMS ACCEPTf 8 CONVENTIONAL CBO vbsr wrw m mmmiat twu ODOOAMMT273 words
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THE BUSINESS TIMES SHIPPING TIMES
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7764 2006-02-27 34 This ETA ETA Arfvvtfar VMMl V«W TMm* ETA SM Dtifn Mm Nmm Jtegtar m two To ABIDJAN (ABJ) 2003 Cot* D'lvoire 23A> 06/03 07/04 China Shpg BUNGAS MAS 12 043W *****89a 26/0 07/03 07/04 China Shpg CMACGM FORCE SX217W *****898 09/03 18/04 China Shpg7,764 words
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BizIT
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Article, Illustration896 2006-02-27 35 AMIT ROY CHOUDHURY - It will launch its own brand-name PCs to the Asia-Pacific market, focusing on small businesses, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE Asia-Pacific PC market looks set for interesting times as Chinese PC giant Lenovo, which bought IBM's personal computing division about a year ago, debuts896 words
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Article204 2006-02-27 35 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY THE Lenovo 3000 line includes new notebooks, the Lenovo C Series, and new desktop PCs, the Lenovo J Series. According to Howie Lau, Lenovo Singapore's general manager, the Lenovo CIOO notebooks are designed for mobile small-business professionals and weigh around 2.Bkg.204 words
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<what's new>
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97 2006-02-27 35 OLYMPUS has introduced three affordable digital cameras aimed at budding photographers. The 5-megapixel FE-115 sports a 2x optical zoom and 4x digital doom, and provides one-touch access to functions like shooting, playback and erase. It is also equipped with a super macro mode which97 words
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Article, Illustration70 2006-02-27 35 PHILIPS has launched the 768, its new multimedia handset that allows music on the go with a built-in MP3 player and a mini SD card expansion slot. The phone also sports a 1.3 megapixel camera with video recording capabilities, and supports standard70 words
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Article, Illustration110 2006-02-27 35 New home digital entertainment PC from HP HEWLETT-PACKARD has taken the wraps off its latest desktop to be based on the Microsoft Windows XP Media Center operating system. The HP Pavillion m7377d is equipped with an Intel Pentium 4 3.2 GHz processor and a 160GB hard drive. Touted as a110 words
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110 2006-02-27 35 KODAK has unveiled what it claims to be the world's first dual-lens digital still camera. The Easyshare V570 combines an ultra-wide angle lens with an optical zoom lens in a sleek package. The dual lens technology produces 5x optical zoom and a wide viewing110 words
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87 2006-02-27 35 SECURE solutions provider Blue Coat Systems has announced a new software release for its ProxyAV Web antivirus gateway appliance. With the release, the appliance has added Korea's AhnLab to its range of compatible antivirus engines, and enhanced throughout performance to 285 Mbps. The87 words
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108 2006-02-27 35 WINSTON CHAI - Compiled by WINSTON CHAI ADOBE has announced an update to the trial version of its Lightroom software, a digital imaging solution for professional photographers. The update adds new functions such as "crop" and "straighten", and allows users to add music to slideshows.108 words
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Article, Illustration722 2006-02-27 36 KENNETH JAMES - <we say> It lost its lustre after the dot-com bust but is buzzing again KENNETH JAMES Technology Editor IT'S been an intense but satisfying morning of interviews and gee-whiz tech demos, and lunch beckons. We cruise the San Diego area, passing sprawling campuses of low-rise722 words
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Article, Illustration395 2006-02-27 36 ROLAND LIM - By ROLAND LIM PRINTER specialist Lexmark unveiled seven new printers at a launch event last week, including its first inkjet printer with a built-in compact disc (CD) burner. The Lexmark P450 inkjet photo printer ($399) prints 4x6 inch photo quality images, and also includes a395 words
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210 2006-02-27 36 AP [WEST BLOOMFIELD TOWNSHIP, Michigan] Alex Ostrovsky got more than he bargained for when downloading Coldplay's Speed of Sound from the iTunes Mu- 4 sic Store. The 16-year-old's purchase was the one billionth song bought from the online music service that Apple ComputerAP - 210 words
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Article, Illustration1072 2006-02-27 37 WINSTON CHAI - SCS IT Leader Awards 2006 'Person of the Year' Leslie Loh has stood the test of time and the dotcom bust while 'IT Youth' Melvin Tan has displayed a business acumen and tech savvy far beyond his age, writes WINSTON CHAI WINSTON CHAI BEST-OF-BREED was a1,072 words
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Article130 2006-02-27 37 OTHER winners of the IT Leader Awards 2006 Hall of Fame: Noel Hon MR HON, chairman of NEC Solutions Asia-Pacific, was honoured for his continued contributions to the local ICT industry. These include his leadership of the Singapore Federation of the Computer Industry and the Asian Oceanian130 words
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Page 35 Advertisements
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Advertisement147 2006-02-27 35 SCS IT Leader Awards 2006 Meet the Person of the Year. PG 37 I jP liJri#lr" r\ ■HiiiS i '%CJ t• 'i mm An integrated suite of communication and collaboration solutions by 1-Net Compete successfully in today's challenging business conditions. Enable more efficient ways for knowledge workers to communicate and147 words
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Advertisement33 2006-02-27 36 ..r&li > j x i v i <^fy^P^y 4 3v3 Wi.' WWtitW 'W%% a Tl Y 3 i \r.' iJ*Blr jW* *y' 1 |9m M| SGDSI ,360 Other models are available. I Hf IliiliiMtiill33 words
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Page 37 Advertisements
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Advertisement101 2006-02-27 37 Service Oriented Architecture (SOA) w TT fi r 4^4 Mr Steve Mills After Steve tells you why, we will show you how. IBM Public Forum Unlocking the Business Value of SOA B -♦■•Ml", m- i H. !>.-'• t., .A Learn mo'e at ;(Hif this -ft-. .er -.t r f <.t101 words
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BizIT FOCUS: MAKING IT WORK
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Article, Illustration925 2006-02-27 38 AMIT ROY CHOUDHURY - A solid application delivery ecosystem is needed to ensure there's no downtime due to software faults, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE role of IT has changed dramatically over the past few years from being an enabler of business to effectively becoming the business.FILE PHOTO - 925 words
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Article, Illustration705 2006-02-27 38 Using application delivery the Great Eastern experience ONE of the major users of application delivery tools and processes in Singapore is Great Eastern Life Assurance Co Ltd. Great Eastern is the largest insurance group in Singapore and Malaysia, with more than $39 billion in assets and 2.4 million policyholders. With705 words
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Advertisement217 2006-02-27 38 II ■Imml I jBT AUTOHWE TESTING TO IMPROVE QUALITY AND RAISE PRODUCTIVITY. |gg| HIV H wjjg OW you can minimize human error, dramatically raise productivity, V H |SB increase quality, and create easily replicated testing procedures with IBP Mercury's Application Delivery offerings. m H HH H Hi IHHH manual testing217 words
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Advertisement12 2006-02-27 38 This weekly series is brought to you by MERCURY" BUSINESS TECHNOLOGY OPTIMIZATION12 words
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