The Business Times, 18 July 2006
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2006-07-18
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The Business Times
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Title Section15 2006-07-18 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Tuesday, July 18,200615 words
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276 2006-07-18 1 R SIVANITHY - STI's 43-point fall brings loss since last Monday to 5% By R SIVANITHY [SINGAPORE] The escalating conflict in the Middle East and rocketing oil prices yesterday brought stock prices around the region down with a thud. Here, the Straits Times Index lost 43.35276 words
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Article131 2006-07-18 1 sn 2,320.20 (-43.35) ST INDEX FUTURES 2.321.00 (-44.00) siMsa 275.73 (-6.02) SIMSa FUTURES ***** (-6.00) MARKETS Monday Change KLSECOMP 902.70 -10.93 NIKKEI 225 closed HANG SENG 16,064.82 -70.89 SET INDEX 653.02 -8.57 JAKARTA COMP 1,283.949 -19.636 MANILA COMP 2,175.21 -34.94 SEOUL COMP dosed SHENZHEN B 291.36 +2.50 MUMBAIIND131 words
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Article, Illustration819 2006-07-18 1 ANNA TEO - Unyielding oil prices could foil upgraded forecast of 10-12% growth in 2006 NODX By ANNA TEO [SINGAPORE! After a robust pace in the first half, Singapore's trade growth is expected to ease a bit in the second half-year. But statisticians warn thatSource: IE S'pore - 819 words
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Page 1 Advertisements
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Advertisement11 2006-07-18 1 SME SPOTLIGHT Making money out of metal PAGE 14 PHOTO: AP11 words
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Advertisement15 2006-07-18 1 I Gerard Rigby pleads guilty to insider trade G-8 GLOBAL GROWTH REMAINS STRONG PAGE 1915 words
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Advertisement180 2006-07-18 1 CREDIT V CARDS Plastic for teens page 2 PROPERTY What next after Habitat One? PAGE 8 vulCain MANUFACTURE DEPUIS 1858 "Vulcain Cricket, the world's FIRST MECHANICAL ALARM-WATCH. Since 1947" Golden Voice A NEW DISTINCTIVE SOUND IT RINGS ALWAYS AT THE RIGHT TIME IN THE RIGHT PLACE < Unveiling the Golden180 words
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TOP STORIES
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555 2006-07-18 2 LESLIE YEE - Changes follow amendments made to Banking Act By LESLIE YEE [SINGAPORE] Teenagers as young as 18 may soon fuel the next phase of credit card growth. Banks are now issuing supplementary credit cards to those aged 18 and over down from the555 words
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412 2006-07-18 2 CHEN HUIFEN - By CHEN HUIFEN [SINGAPORE] A new council is to be set up to spearhead the growth of the environment and water industry in Singapore, the Ministry of Environment and Water Resources (MEWR) announced yesterday. The new body, to be called the Environment412 words
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Article, Illustration544 2006-07-18 2 ROLAND LIM - Move follows stake increase to 26.1% after failed bid By ROLAND LIM [SINGAPORE] Mediaßing has spent U5527.3 million to up its stake in Internet service provider Pacific Internet (PacNet) from 4.8 per cent to 26.1 per cent by purchasing an additional 2.88 million shares just544 words
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Article492 2006-07-18 2 Four foreign banks in Malaysia pool 300 ATMs FOUR Malaysia-incorporated foreign banks yesterday launched a shared automated teller machine service to widen their collective reach to over 300 ATMs nationwide. In the initial stages, the shared ATM service of HSBC, OCBC, UOB and Standard Chartered would give the492 words
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Article, Illustration610 2006-07-18 4 Prices set to fluctuate with news flows of Mid-East conflict Reuters. Bloomberg [LONDON] Oil slipped from record highs on Monday in volatile trading as fighting raged between Israel and Lebanese Hizbollah guerrillas. Concern that the conflict could escalate and spread toReuters.; Bloomberg; AP - 610 words
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Article, Illustration375 2006-07-18 4 DANIEL BUENAS - By DANIEL BUENAS and JEAN CHUA [SINGAPORE] Singapore and Hong Kong may compete with each other in some areas, but bilateral relations are largely coop erative and complementary, with scope for each side to learn from the other. Prime Minister LeeREUTERS - 375 words
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582 2006-07-18 4 PAULINE NG - Network shared by OCBC, UOB, HSBC, Stanchart By PAULINE NG in Kuala Lumpur FOUR locally incorporated foreign banks yesterday launched a shared automated teller machine (ATM) service to widen their collective reach to over 300 ATMs nationwide. In the initial stages, HOUSe582 words
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Advertisement37 2006-07-18 2 uni-ba|o II I U—mm* ...i in..—.—immmmmmrn jfR: H fW m H ilf I —Jl MMBhbi® I i I Holding an auction? Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now.37 words
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Advertisement148 2006-07-18 2 Hflr Pioneer of jr Contemporary K |r ch inese Cuisine EAnjisite Dim Sum, Lunch anU)inner Tasting Menus Reservations: 6834 0660 mm CLUBCHINOIS Orchard Parade Hotel Level 2 Singapore Tatler Best Restaurants Hall of Fame Awards 2006 Gourmet Hunt 2005 Gold Award Wine Dine Top Restaurants Tung Lok Group i www.tungk3k.com148 words
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Advertisement24 2006-07-18 2 Want the best deal? Invite tenders. Call 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. NOTICES A24 words
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Advertisement16 2006-07-18 2 ■—M———' —wwa—yn people Your search 1 ends here. H www th»*pt»opl*vitwc»»k < on Asm f xeoutive Seafr.h16 words
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Advertisement58 2006-07-18 3 A BUKITSEMBAWANG I C.AWltftl Sflrf |S OkhltMlmp B PCVfijOrMWISLIMITID ALLGREEN PROPERTIES UMfTED pßfl ESTATES LIMITED inl r EaitOrganization GuocoLand Group r H waobanci ppowtrti. m ltd H »<SmFT I (gn I *****3JH0mes fl MCLIAND I Orru irt ho bee croup v BH wov#nyuroup ||i:":::... I H H TkjnflAikOroup H TUAN58 words
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Page 4 Advertisements
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Advertisement1088 2006-07-18 4 fr ICICI Bank (Incorporated in India) Registered Office: Landmark, Race Course Circle, Vadodara 390 007 Corporate Office: ICiCI Bank Towers, Bandra Kurta Complex, Mumbai 400 051 Rupees in '000s I As on As on To 31 03 2006 31.03.2005 The members of ICICI Bank Limited CAPITAL AND LIABILITIES 1 We1,088 words
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Advertisement176 2006-07-18 5 I 2E mT- J i> J Ma aaPi^M rtW ,il V Bjjl ttla i Spar ii fm VI HI HHB w3r]s J y mL*l^^>flH^W£KHß^^VPJHKtl^^^^&&>. \'n&< I? vfl >fe t] H 1 ?tH ggg<^H**M I „VjgEw-^^^^lH^^H6^^HHP*^^^^^^^Hj^^Bsij|j^^^SB^B^^^eB®^^S^?^^^^yß wmpn *^P? Jfe w» JpJI to aycClQBW^-^^ BMSB^Nrji is Jam* T >* ;sfc! t* v176 words
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Advertisement413 2006-07-18 6 vWL mua ft^9 I il .fr i jflHH k ,i a BMB_BBB HBP' ~"^lFw§sKS^®'^ r \«g Kg VI K fa HI bl I r nrfHi 1k IB H MMiß— £^9HRHH| r k k s < V Hf 1 Vr% v W-> >> t H »—h tf W r t i413 words
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COMPANY NEWS
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389 2006-07-18 7 MICHELLE QUAH - It has to answer to two charges concerning its financial statements By MICHELLE QUAH EDUCATION services provider Auston International Group has been summoned to appear in court next week to answer to two charges under the Securities and Futures Act (SFA). In a389 words
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Article, Illustration367 2006-07-18 7 WEE LI-EN - He can be fined up to $250,000 or jailed for up to seven years or both By WEE LI-EN FORMER China Aviation Oil (CAO) deputy head of trading Gerard Rigby pleaded guilty yesterday to one criminal charge of insider trading. The Australian,THE STRAITS TIMES - 367 words
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578 2006-07-18 7 UMA SHANKARI - HOCK LOCK SIEW By UMA SHANKARI o** INGAPORE'S first-ever hotel real estate investment trust (Reit) has finally been launched, and will no doubt add variety to Singapore's Reit market, which is expected to keep growing. But while celebrating the arrival of yet another578 words
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Article288 2006-07-18 8 Bloomberg SINGAPORE Airlines (SIA), the world's second-largest carrier by market value, filled more seats and cargo space for the tenth month ih* June, as economic growth and the World Cup tournament in Germany boosted travel demand. The airline filled an average 68.9 per cent ofBloomberg - 288 words
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Article, Illustration578 2006-07-18 8 KALPANA RASHIWALA - It will still proceed with October launch of Ardmore II on Habitat II site By KALPANA RASHIWALA WHEELOCK Properties (Singapore), which has just bagged the Habitat One site along Ardmore Park, is eyeing adjoining properties for a bigger project. "If we're approachedFILE PHOTO - 578 words
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335 2006-07-18 8 CONRAD TAN - By CONRAD TAN SALES orders for AEM-Ev-ertech Holdings' core equipment division rose sharply in the first six months of the year, boosted by orders from the US and Europe. The company, which supplies equipment, chemicals, parts and services for the semiconductor335 words
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396 2006-07-18 8 LESLIE YEE - $6.45 offer price a significant premium over stock's NTA By LESLIE YEE ING Bank says the cash offer by UOL Group for Hotel Negara at $6.45 per share "is fair from a financial point of view". ING is the independent financial adviser396 words
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478 2006-07-18 8 [HONGKONG] Legislators will meet next month to look into "possible irregularities" in the sale of Richard Li's stake in PCCW to former investment banker Francis Leung Pak-to, according to a report in the South China Morning Post. Secretary for Financial Services478 words
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Article, Illustration609 2006-07-18 9 JEAN CHUA - Fourth profitable quarter since it reported net losses for first half of 2005 By JEAN CHUA FISH breeder Qian Hu Corp has reported a 23.8 per cent jump in net profit to $594,000 for the second quarter, paving the way forFILE PHOTO - 609 words
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COMPANY BRIEFS
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Article50 2006-07-18 9 TT International has secured a US$4O million syndicated loan facility arranged by BNP Paribas, Rabobank International, DBS Bank, KBC Bank NV and OCBC Bank. The electronics exporter said the proceeds will be used for refinancing existing loans of US$23 million and for general working capital.50 words
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77 2006-07-18 9 CH Offshore, a local shipbuilder, has entered into an agreement to sell one of its vessels to Mexican logistics and transportation company Grupo TMM for US$3O.7 million. The company said it expects to realise a gain of about U5511.44 million from the sale,77 words
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88 2006-07-18 9 KEPPEL Land is raising its stake in joint venture DL Properties (DLP), which owns the 28-storey Equity Plaza office building in Raffles Place, to 64.63 per cent from 35.37 per cent previously. Calling it a further move to unlock value in its commercial88 words
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102 2006-07-18 9 MAINBOARD-listed Thai mobile phone operator Total Access Communications will sell up to six billion baht (***** million) of unsecured bonds over the next three months, Reuters reported. The unsecured bonds will be used to refinance some of the firm's debt and expand102 words
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367 2006-07-18 9 MATTTHEW PHAN - SPH, ST Engg and ComfortDelGro remain its top picks By MATTTHEW PHAN CITIGROUP said yesterday it remains defensive as the reporting season approaches, preferring stocks with high yields and companies with capital management or high earnings visibility. "The earnings reporting season kicked off with Singapore367 words
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217 2006-07-18 9 Bloomberg NOBLE Group Ltd, a supplier of raw materials from coffee to ethanol, halted talks to buy a 10 per cent stake in Fortescue Metals Group Ltd, which is seeking partners for a US$l.9 billion iron ore project. Noble was negotiating to payBloomberg - 217 words
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Advertisement84 2006-07-18 8 Diners Club Card r<,Ww<»#64i6 0980 A World of Exclusive Privileges Treats Diners Club Rama Thai Sharksfin Restaurant 81-81 A Tanjong Pagar Road. Tel: 6222 6626 JKBgk. 6 Crispy Rama Thai Prawn Rolls with purchase of Fried Chilli Crab in Bangkok Style Only when you charge to your Diners Club Card.84 words
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Page 9 Advertisements
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Advertisement380 2006-07-18 9 We've moved to South Wing, Terminal I, Narita Airport. ANA is poised to offer you more convenience with shorter connection time, faster check-in and better facilities at our new home. HH To extend our hospitality, we you two Mtk HH ■HH| exciting privileges! Fly with us from Singapore H to380 words
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SINGAPORE MARKETS
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Article, Illustration569 2006-07-18 10 R SIVANITHY - STOCKS Market takes another beating as selling intensifies; China stocks hold relatively firm but succumb later R SIVANITHY Senior Correspondent WHEN the top gainers for the day are put warrants, it's a safe bet that it wasn't a particularly good day for theSource: Bloomberg - 569 words
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Article, Illustration998 2006-07-18 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jul 17 and earlier) Subsantiai No of Wee SHAREHOLDING Trans Share holder/ Buy/ Shares Per Before After Stock Date Director N SeW '000 Shr S fQQO) fOOO) Asia Enterprise 14-Jul-06 Ching Thim Pheng Buy 200 na ***** 5.26 ***** 5.34 Asia998 words
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Article, Illustration961 2006-07-18 10 UMA SHANKARI - Compiled by UMA SHANKARI Star Hub July 17 dose: $2.06 GOLDMAN SACHS, My 17 SOURCE of opportunity: We believe the recent concerns over the National Broadband Network (NBN) and the broadcasting rights for the English Premier League (EPL) are overdone. The NBN is still at a conceptual stageSource: Bloomberg - 961 words
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Article, Illustration535 2006-07-18 10 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent RISING Middle East tensions and record oil prices took the US dollar up to fresh three-year highs versus the Indian rupee yesterday in Asia, to sev-en-month peaks versus the New Taiwan dollar, and to a three-month best ofSource: Reuters - 535 words
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SINGAPORE NEWS
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Article, Illustration409 2006-07-18 11 LESLIE YEE - Profit boosted by $48.6m gain from disposal of subsidiaries By LESLIE YEE J MAPLETREE Investments saw net profit jump 179 per cent to $144.5 million in its latest financial year ended March 31. The privately held entity, owned by Singapore investment companyFILE PHOTO - 409 words
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225 2006-07-18 11 SINGAPORE businesses support corporate social responsibility (CSR) more than their peers in Malaysia and Hong Kong, accounting body CPA Australia said yesterday. Forty-five per cent of Singapore-listed companies act in a socially responsible manner, compared with 37 per cent in Malaysia and 27 per225 words
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Article, Illustration405 2006-07-18 11 CONSTRUCTION of the MRT Circle Line is on schedule, said Transport Minister Raymond Lim after a site visit and media briefing the first major one conducted by the Land Transport Authority after the Nicoll Highway collapse two years ago. "The Circle line construction405 words
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Article166 2006-07-18 11 MORE than 1,000 people from government agencies will conduct an exercise this weekend to prepare Singapore for a possible flu pandemic. The drill, will take place at 19 locations, ranging from Changi Airport Terminal 2, and Tanah Merah Ferry Terminal, to the Lions Home for166 words
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311 2006-07-18 11 LESLIE YEE - By LESLIE YEE BANK lending in Singapore to non-bank customers increased at its fastest pace this year, rising 2.4 per cent month-on-month to $187.6 billion at end-May, according to latest preliminary numbers released by the Monetary Authority of Singapore (MAS). Bank lending311 words
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306 2006-07-18 11 WEE LI-EN - By WEE LI-EN MAY was a month for eating and driving, and for buying jewellery rather than clothes or things for the home. Shoppers pushed up overall retail sales in the month by 4.5 per cent to $2.5 billion from306 words
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Page 11 Advertisements
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Advertisement24 2006-07-18 11 Want the best deal? Invite tenders. Call 1800 289 8822 or email notices@sph.eom.sg to book your tender notice in our newspapers now. r NOTICES24 words
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Advertisement10 2006-07-18 11 f/' *v.„A- /mL--.. r-mms 1; tjm-*«: Jr. iTi 'J*' I'*10 words
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ECONOMY WATCH
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566 2006-07-18 12 Tokyo should take action to secure alternative energy sources: analyst AFP I-tfAINT PETERSBURG] The latest Middle East crisis has /re-awakened Japan to the Vieed to reduce its heavy re!»liance on oil from the vola*,tile region and should spur Wt toAFP - 566 words
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Article, Illustration578 2006-07-18 12 AP. Bloomberg [BEIJING] Reflecting fears of a possible overheating of Chinese economy despite efforts to cool it, Premier Wen Jiabao has instructed officials to watch for possible problems caused by the country's double-digit growth. "Leaders of all regions must maintain a clear mindAP.; Bloomberg; REUTERS - 578 words
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255 2006-07-18 12 AFP [BANGKOK] Thailand's consumer confidence is among the lowest in Asia due to the prolonged political turmoil rocking the nation, a survey by credit card company MasterCard showed yesterday. The consumer confidence index in Thailand stood at 28.6 points out of 100,AFP - 255 words
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Article, Illustration549 2006-07-18 12 Report of slowing economy could hit their poll campaign Bloomberg [WASHINGTON] Federal Reserve chairman Ben S Bernanke may deliver his fellow Republicans a message they'd rather not hear when he gives Congress his monetary-policy report this week: The economy is slowing and inflationBloomberg; REUTERS - 549 words
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402 2006-07-18 12 Reuters [WELLINGTON] New Zealand's inflation rate accelerated at its fastest in 16 years in the second quarter, backing expectations the central bank will not cut interest rates until next year despite a slowing economy. The consumer price index (CPI) rose by aReuters - 402 words
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Page 12 Advertisements
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Advertisement30 2006-07-18 12 www.JetstarAsia.com Jet^ASld Call centre: 6822 2288 Or contact your nearest travel agent. JetstiuAsia.com (A service fee of $10 per way is applicable for bookings through Call centre) Terms Conditions apply30 words
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SMEspotlight
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Article, Illustration1100 2006-07-18 13 SWATI CHAUDHARY - Mark Phooi talks to SWATI CHAUDHARY about the keys to his company's success and its expansion plans SWATI CHAUDHARY AT first glance, Mark Phooi, founder of First Media the largest homegrown integrated marketing communication firm today and winner of the e5O start-up award in 2005,AFP - 1,100 words
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Article, Illustration585 2006-07-18 14 UMA SHANKARI - SMALL CAPS UMA SHANKARI finds out why HLN Technologies expanded its portfolio to include the manufacture of metal products UMA SHANKARI HLN Technologies, which in the past made customised plastic and rubber components, now has a new business in its portfolio, making metal products as585 words
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Article5232 2006-07-18 14 UNIT TRUSTS FUNDS acmgi Amer income bt uso 8.42/ ACMGI Amer Income A USO 8.3# ACMGI Amer Income 6 USO 1.3# AIM Amro Asset Mgt (S port) ACMGI Amer Income A EUR 6.64/ Star Europe Eqty! -.0# ACMGI Amer Income B EUR 6.64/ Star Europe Bond 1.IW ACMGI Europ Income5,232 words
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Page 13 Advertisements
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Advertisement89 2006-07-18 13 Want the best price? Hold an auction. Call 1800 289.8822 or email notiees@sph.com.sg to book your auction notice in our newspapers now. I i t Think short term less Tired of stopgap solutions? Let UPS power your global business with long-term solutions. Apart from express delivery services, UPS can support89 words
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Page 14 Advertisements
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Advertisement34 2006-07-18 14 ■P AllianzGI RCM Global Twin-Focus Fund a fund that offois you twin benefits AlliariZ (Hi) f of potential quarterly payouts and limits possible downside. Visil OCBC Bank for G(oba| nvestors p/ more details. <""w34 words
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EMPOWERING SMEs
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Article, Illustration1124 2006-07-18 15 MATTHEW PHAN - Identify the bottlenecks in the cash flow cycle as short-term loans cannot be used to finance long-term assets, writes MATTHEW PHAN MATTHEW PHAN A START-UP may find it difficult to obtain bank financing but must pay for staff and equipment despite its as-yet meagre income.1,124 words
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130 2006-07-18 15 Be the first 50 respondents to e-mail your question to cbgspore@citigroup.com on today's topic and receive a pair of Coffee Bean Tea Leaf, Brew of the Day vouchers. Selected questions and our responses wilkbe featured on Aug 1. The deadline to submit questions each week130 words
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Article, Illustration407 2006-07-18 15 MATTHEW PHAN - By MATTHEW PHAN CITIGROUP'S cash management platform is critical in supporting Ess Kay Electronic?' trading operations, according to its managing director, Kishin Primalani. Ess Kay is a Singapore-based trader of consumer electronic products for brand names like Sony, Samsung and LG. About two years407 words
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Page 15 Advertisements
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Advertisement315 2006-07-18 15 COMMERCIAL BANKING GROUP. TURNING VISION INTO REALITY. Join the growing number of organisations that have benefited from a partnership with Citigroup Commercial Banking Group. At Citigroup Commercial Banking Group we empower Singapore's Small and Medium Enterprises and emerging corporations, enabling them to take their businesses further. We help our customers315 words
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MALAYSIA/INDONESIA
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384 2006-07-18 16 Waves had come several hundred metres inland at Pangandaran Beach Reuters. AFP [JAKARTA] A strong undersea earthquake struck off Indonesia's West Java province yesterday, triggering a tsunami that killed eight people. Forty others are missing and another 40 injured, the IndonesianReuters.; AFP - 384 words
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442 2006-07-18 16 Bloomberg [BANGKOK] Saudi Arabia's Islamic Development Bank, an organisation set up by 56 nations to lend to Muslim communities, may sell as much as RMI billion (*****.6 million) of Islamic bonds, its first debt offering in Malaysia's currency. Proceeds from theBloomberg - 442 words
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Article2314 2006-07-18 16 vol General Corp 0.60 -0.01 36 Jut 17 AM C000) Genting .23.00 -0.90 485 George Kent .0.48 -0.01 91 AiM Realty 139 unch 8 GHL Systems.- .032 -0.01 ***** Abnc ...0.33 -0.01 95 GlobetronKS Tech 0.30 unch 874 ACP Industries 037 -0.03 124 GlomacBhd 133 undi 169 Advance2,314 words
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305 2006-07-18 16 Bloomberg [JAKARTA] PT Bakrie and Brothers, Indonesia's biggest metal products manufacturer, won a tender to build and operate a US$l.26 billion pipeline connecting gas-rich Borneo island and Java. Bakrie won the contract against bidders including PT Perusahaan Gas Negara after it offeredBloomberg - 305 words
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Article, Illustration453 2006-07-18 16 New licences could be issued as early as end of the year [KUALA LUMPUR] The fiveyear freeze ijßposed on new hypermarket licencesrin Kuala Lumpur, Shah Aland, Petaling Jaya, Johor Baru and Penang may be lifted as early as end of this year, Malaysia's BusinessBLOOMBERG FILE PHOTO - 453 words
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176 2006-07-18 16 Bernama [KUALA LUMPUR] The pocket-sized book published by the Information Ministry explaining the government's decision to scrap the "scenic bridge" project is expected to be distributed from today. "It is ready. If possible, we will distribute it tomorrow," said Information Minister Zainuddin Maidin atBernama - 176 words
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BRIEFLY ASIA
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61 2006-07-18 16 AFP [MUMBAI] Indian share prices closed sharply lower yesterday, falling 3.61 per cent on concerns about inflation and increased tensions in the Middle East, dealers said. The 30-share Mumbai stock exchange index ended down 385 points to 10,293.22. Losers led gainers 1,712AFP - 61 words
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65 2006-07-18 16 Reuters [SHANGHAI] The China securities regulator has levied a 300,000 yuan (5559,835) fine on the former chairman of Guangdong Kelon, an appliance maker caught up in an accounting scandal, state media reported yesterday. The China Securities Regulatory Commission also banned Gu ChujunReuters - 65 words
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77 2006-07-18 16 Bloomberg [SHANGHAI] Citic Securities Co, China's biggest publicly traded brokerage, said its first-half profit' probably rose more than 50 per cent from a year ago as a ban on new share sales was lifted and a market rally boosted revenue.Bloomberg - 77 words
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56 2006-07-18 16 Bloomberg [BEIJING] China Netcom Group Corp, the nation's second-largest fixed-line operator, was downgraded to "neutral" at Credit Suisse, on uncertainty over the government's decision on high-speed mobile-phone licences and the stock's valuation. China Netcom, which applied last year.for a mobile licence, is lookingBloomberg - 56 words
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GREATER CHINA
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398 2006-07-18 17 Planned dual listing would offer 12% of share capital in HK and 6% in Shanghai: source Reuters [HONG KONG] Industrial and Commercial bank of China (ICBC), the country's top lender, aims to raise as much as US$2l billion inReuters - 398 words
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396 2006-07-18 17 Reuters [BEIJING/SHANGHAI] Minsheng Banking Corp, in which Singapore's investment company Temasek Holdings has a stake, plans to raise funds in the Shanghai stock market after a US$l billion Hong Kong listing plan failed, senior executives at the Chinese bank told ReutersReuters - 396 words
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Article, Illustration600 2006-07-18 17 Reuters [SHANGHAI] The business of fun and games is translating into big bucks in China for global builders of theme parks and museums that cater to newly affluent Chinese with a growing taste for world-class entertainment. In the last yearReuters; AFP - 600 words
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329 2006-07-18 17 [HONG KONG] Beijing Capital International Airport, along with its mainland parent company, plans to raise about US$3 billion by the end of next year to fund construction of its new terminal, the South China Morning Post reported sources familiar with both companies329 words
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513 2006-07-18 17 While cash is being pulled out of money market funds Reuters [HONG KONG] Chinese investors pulled cash out of money market funds and bought more equity products in the second-quarter as mainland markets boomed, a trend that should boost fee income for the fundReuters - 513 words
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420 2006-07-18 17 [HONGKONG] International Finance Corp (IFC), the World Bank's investment arm, plans to invest in China's securities industry as aggressively as it has in the banking industry, where it has spent almost US$6OO million in seven years, says a report in the South China Morning420 words
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Page 17 Advertisements
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Advertisement14 2006-07-18 17 H I I H IJh I (Mar I Puffs I Cakes I IpE? I14 words
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Advertisement312 2006-07-18 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DECIMAL CONTRACTS A FURNISHING PTE LTD CO. REO. NO. *****9039 M NOTICE OF RESOLUTION At on Extraordinary General Meeting of the abovenamed Company duly convened and held at VIP Room, be Grandeur Restaurant, 1 Stadium Walk,312 words
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INDIA
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Article, Illustration743 2006-07-18 18 SIDDHARTH SRIVASTAVA - Foreign control of telecoms firms have now become a security issue By SIDDHARTH SRIVASTAVA in Mumbai INDIAN telecommunications regulators have refused to rubber-stamp 74-per-cent foreign direction investment (FDI) in telecoms companies on security grounds, following the Mumbai blasts. The Department ofAFP - 743 words
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502 2006-07-18 18 The Economic Times [MUMBAI] The chests are full and members of India Inc are unabashedly thumping them. Corporate India is loaded with cash and high-spirited spending is under way. Well, if you have a pile of 1.5 trillion rupees (5551.4The Economic Times - 502 words
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795 2006-07-18 18 Bloomberg [WASHINGTON] For India, which wants the US Congress to approve an accord allowing it to acquire nuclear technology, it helps to have friends in high places. Top executives at JPMorgan Chase Co, General Electric Co and Boeing Co are among thoseBloomberg - 795 words
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Advertisement1287 2006-07-18 18 Mri lit i KM; BANK Incorporated in Germany I Singapore Branch Singapore Branch: 50 Raffles Place, #43-01, Singapore Land Tower, Singapore *****3 Consolidated Balance Sheet Consolidated Income Statement 31.12.2005 31.12.2004 2005 2004 .eccrc In Euro million In Euro million 1. Interest earned 11,536 11,070 1 r«h roccn'o 457 1298 21,287 words
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ASIA-PACIFIC/WORLD
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Article, Illustration610 2006-07-18 19 UN envoy to present Israel with 'concrete ideas' to end fighting Reuters, AP, Bloomberg [BElßUT] Tit-for-tat missile bombardments continued between Israel and Lebanon for a sixth day yesterday as a senior United Nations' envoy said he will present Israel with "concrete ideas" toReuters,; AP,; Bloomberg; REUTERS - 610 words
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225 2006-07-18 19 AP [NEW YORK] Citigroup yesterday said its second-quarter profit rose 4 per cent as corporate and investment banking revenue improved, but the results were slightly below analysts' projections. Profit in its consumer banking division continued to be dampened by narrow net interest margins.AP - 225 words
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429 2006-07-18 19 MATTHEW PHAN - By MATTHEW PHAN [SINGAPORE] Rockwell Automation, a NYSE-listed provider of industrial automation products with over US$5 billion in sales last year, officially started production in Singapore last week. Rockwell said in March this year that it is moving its global HQs for several business segments429 words
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304 2006-07-18 19 AP [WASHINGTON] US industrial production rose significantly in June, reflecting advances in manufacturing, mining and auto production. The Federal Reserve reported yesterday that output at the nation's factories, mines and utilities jumped by 0.8 per cent last month following a gain of 0.1AP - 304 words
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489 2006-07-18 19 Summit leaders seek to revive Doha round of talks Reuters IST PETERSBURG] Global economic growth is strong and becoming more broadly based, the Group of Eight nations (G8) said yesterday at their summit here. "We concluded that global growth remains strong and isReuters - 489 words
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Article, Illustration371 2006-07-18 19 AP [ST PETERSBURG, Russia] It wasn't meant to be overheard. Private luncheon conversations among world leaders, picked up by a microphone, provided a rare window into both banter and substance including US President George W Bush cursing Hezbollah's attacks against Israel.AP - 371 words
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457 2006-07-18 19 AFP. Forbes [BANGKOK] Prime Minister Thaksin Shinawatra is Thailand's fourth richest businessman with a fortune worth US$2.2 billion, according to a rich list complied by the Forbes magazine. The 56-year-old self-made billionaire, who took office in 2001, is the founder of telecom giantAFP.; Forbes - 457 words
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Page 19 Advertisements
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Advertisement140 2006-07-18 19 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SEMBAWANG MULPHA PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****2603 C NOTICE QF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the140 words
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AVIATION
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565 2006-07-18 20 Airline financially sound and confident of India, China routes: CEO AP. Bloomberg [KUALA LUMPUR] Malaysian budget carrier Air Asia is still financially sound and will not fail despite recent setbacks that could threaten its growth, its chief executive said in remarks publishedAP.; Bloomberg - 565 words
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Article, Illustration713 2006-07-18 20 FARNBOROUGH AIR SHOW Plane to go into service in mid-2012; revamp to cost US$10b AP [FARNBOROUGH, England] Airbus, reeling from a management shake-up that followed delays in its flagship superjumbo jet programme, unveiled a longawaited revamp of its midsized A 350 yesterday. "TheAP; AFP - 713 words
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259 2006-07-18 20 Reuters [LONDON] Richard Branson's Virgin Atlantic Airways said it was in talks with plane maker Airbus about changing the mix and number of its plane orders to fill a possible gap caused by delays in deliveries of the A3BO supeijumbo. VirginReuters - 259 words
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Article2143 2006-07-18 20 OTT HJWTT HA MW WD EK348 1650 HZ4354 2335 UL2348 1650 SQ492 233S AMIMI LH9771 1750 AF8088 2215 SQ230 1750 BA7382 2215 »ff AF8087 1850 Of82 2215 *£f951 U*7« |350 BA7381 1850 LH9770 2345 0635 L***** 350 tag a; ic si sm jss as ssss *ss2,143 words
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Page 20 Advertisements
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Advertisement163 2006-07-18 20 BT/ZUJI Deals of the Week ||Pw> i 'iißwEwWpi(|||Bfc^HMßl^^^^^BHßß^^^^^^^B FIRST CLASS (from BUSINESS CLASS (from S) HOTEL (from Sydney $3,499 $2,399 $63 Gulf Air Gulf Air PBTMMIONS BUSINESS CLASS from S) ECONOMY CLASS (IromS) HOTEL (from S) WEATHER Bangkok $619 Thai A«ways $148 Swiss International $42 Rain •tenia $710 PttfpineAttnß $310163 words
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Page 20 Miscellaneous
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Miscellaneous186 2006-07-18 20 CRYPTIC CROSSWORD DOWN Ici I I. head after man (7) Across: 1 Fly off the handle, 8 Rarai/fil'n obtain a PP'i" 17 Blunders with flowers on fe- er, 9 Populist, 11 Snaffle, 12Ranch- -> it ctenc te.\ ma,e 9 arm ents (8) er, 13 Otago, 15 Scrap-iron, 17 I mfvhf186 words
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SHIPPING
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Article, Illustration567 2006-07-18 21 DONALD URQUHART - Long-term growth anticipated as oil companies develop deepwater reserves By DONALD URQUHART [SINGAPORE] Deepwater semi-submersible oil and gas rigs have a higher long-term growth potential than the shallower water jack-up rigs which are increasingly reaching their operational limits, according to analysts. With record new567 words
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203 2006-07-18 21 Bloomberg [LONDON] OAO Primorsk Shipping Corp, Russia's third-largest shipping company by tanker capacity, is designing a new oil port for Russia's Far-East coast that it said would have a "record" high loading rate. The shipping firm and the Far Eastern marineBloomberg - 203 words
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Article253 2006-07-18 21 M1' O w voCH Offshore J033 -0.01 193 0luw Hu p 0 52 -0.01 2692 Cosco Corporation 137 -006 ***** CWTO«rtJUbon._ 0.61 -0.02 273 EvaHldgs .2.17 -006 229 Freight Links 0 06 wtd> 3287 Grand Banks Yaiht 0.91 undi 0 S««S±—=S iS! ICeppei Corp 14.60 urxtl 2780 Labroy253 words
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323 2006-07-18 21 LETTER TO THE EDITOR WE REFER to your article "A fact shippers' rep should know" (BT, July 5). Despite writer David Hughes' assertion in the article that "it is sometimes very difficult to understand where shippers' representatives are coming from", he only needs to examine323 words
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353 2006-07-18 21 Bloomberg [LONDON] The cost of shipping crude oil from the Middle East to Asia on two-mil-lion-barrel tankers held at a 20-week high as violence in the Middle East spurred refiners to stock up on crude. "The concern now is what's happening with theBloomberg - 353 words
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181 2006-07-18 21 Reuters [DHAKA] Cargo handling at Bangladesh's main Chittagong port rose 7 per cent to nearly 26.10 million tonnes in 2005-06 from the previous fiscal year, port officials said yesterday. The figure combining both container and bulk cargoes, included 23.17 million tonnes of importReuters - 181 words
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Page 21 Advertisements
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Advertisement48 2006-07-18 21 mmmm wmm -t-rr mm. I I j m. I I I 0 7 Get a Leading Edge m Your sailing schedules get wider attention inThe Business Times shipping pages II Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2062 I HSftlWKltK wmm '.w mm i mmmmmmmmmmmmmm wmmmmmmmmm48 words
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EDITORIAL & OPINION
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492 2006-07-18 22 EDITORIAL THE United Nations Security Council's condemnation of North Korea's missile tests and the demand that Pyongyang suspend its ballistic missile programme signal an important step in the diplomatic effort to get Kim Jong Il's regime to give up nuclear bomb-building. Although the resolution was weakened492 words
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Article, Illustration769 2006-07-18 22 ANDY MUKHERJEE - THE BOTTOM LINE ANDY MUKHERJEE Bloomberg ANANDA Siregar, 31, a first-generation entrepreneur, has given up a cushy hedge fund job to plunge into business. That makes him something of a rare breed in Indonesia. In September, he will open the first of what heBloomberg - 769 words
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Article, Illustration1264 2006-07-18 22 JOE MCDONALD - Losses to piracy are especially damaging at a time when communist leaders want China to transform itself from the world's low-cost factory into an 'innovation society* By JOE MCDONALD AP Kingsoft corp's English-Chinese dictionary program is used on most of China's 60 millionAP; REUTERS - 1,264 words
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Article, Illustration1620 2006-07-18 23 LEON HADAR - As President Bush's crusade has been failing, candidate Bush's plea for US 'humility' in world affairs is gaining more popularity among policy analysts in Washington, DC, and elsewhere LEON HADAR Washington Correspondent PLEASE name the US presidential candidate who made the followingAP - 1,620 words
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685 2006-07-18 23 PAUL KRUGMAN - By PAUL KRUGMAN NYT SINCE those who fail to learn from history are doomed to repeat it —and since the cast of characters making pronouncements on the crisis in the Middle East is very much the same as it was three or four yearsNYT - 685 words
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Article342 2006-07-18 23 Joyce Koh - LETTERS TO THE EDITOR Joyce Koh Group Corporate Communications OCBC Bank I REFER to the letter by Mr Quek Soo Beng, "Be more customer-friendly, banks" (BT, July 12). Mr Quek's suggestions on more customer-friendly processes at the bank and its stockbroking company are appreciated. We342 words
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Article154 2006-07-18 23 Cheng Keng Guan - Cheng Keng Guan Manager Marketing Communications GMODC YOUR article "GM carrying out due diligence on Malaysian distributor" (BT, July 14) contained some inaccuracies. While there were a few non-factual statements in that article, one that hurt us is "GM is said to be revoking its154 words
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Article10530 2006-07-18 24 SGX MAINBOARD 52-Wk T«l Last Vol Day Last Quote GrDtv D(v GrYtd Nat MCap High Low Coda Company Sala OOP High Low Buyer Seller Cw P/E Smll 4 *1 5716 1st Software 5c 2.S 2 2.5 10.1 125 6 3148 STelecom US2c 7 6.5 7 5.8 4.9 2.710,530 words
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Page 24 Advertisements
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Advertisement6 2006-07-18 24 Access to A^an^J^ttocte d Fundsand Ihdkx*6 words
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Article6167 2006-07-18 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES m tool curt In SI la USS dy yr dy *yt <** Jul 14 md— Change Change Chang* Chang* Chang* Oi«oq» WwB Indei Preliminary 9665 -l.t -13 4.9 13 -13 12 I LArt Prelinwwy 9615 K 1-2 -15 -03 -10 40 •tropePreliminary BB16,167 words
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Page 26 Advertisements
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Advertisement1979 2006-07-18 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination AFRICAN UON RDM/ATW/BMN/TLB/NAN SEAFRIEND CAM/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EVS.E.A. SERVICE Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT Destination PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT ORIENTAL RIVER INC/BSN WIN HONEY INC/BSN w* Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER1,979 words
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Advertisement692 2006-07-18 26 «Hv WALLENIUS WILHELMSEN LOGISTICS website: hftp://www.2wglobal.com Vtssa VOY RAMP HBGHT SIN IK MAO SAY Ml ORF TAR AGO AE673 3201 mm 6.4 M 07/00 31/01 09/09 13/09 17/09 IS/09 TAMER LAM AE625 3201 M 6.4 M 26/01 20/09 29/09 03/10 07/10 05/10 TALAOOT AF627 ♦OOTt 6JM H/09 10/10 19/10 23/10692 words
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Page 27 Advertisements
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Advertisement657 2006-07-18 27 WAN HAI INTERNATIONAL PIE LTD a NO: U*****0000/« tifAII II A I lllirr Ti1:*****588 (14UNES) FAX:*****163 \\\|4> WAN HAI LINES G too,<r S«rvfce/BookhgsDHct[km- (1800)*****200 \r**V tinil imi klllhl# PKHH: (03) 3346MMFU: (03) *****2MWTR: (04) *****00 FA* (04)229*899 V JOH T* (07) *****23 FA* |07)251»921 51* TH: (031) *****75 HUL (031)657 words
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Advertisement1234 2006-07-18 27 VES&I VOT I PKL SIN KARACHI DXB BAB NHS DMM BIK KHOR IRAN SATTARI PCI 8147 19/07 20/07 29/07 01/08 02/08 08/08 10/08 12/08 JOLLY PCL 8148 31/07 08/08 11/08 12/08 18/08 20/08 22/08 IRAN KOR DC STAN PCL 81 SO 02/08 03/08 12/08 IS/08 16/08 1 22/08 24/08 26/081,234 words
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Advertisement787 2006-07-18 27 m a a j /a,, WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VESSEL VOT SIM MIAMC COLOMBO M.SHEVA COLOMBO INDHA GANDHI 0105W HJUL 20 JUL 24 JUt ZLUU 2LIIIL RAJIV GANDHI OIOSW 26 JUL OMIT 31 JUL 03 AUG 07 AUG hum rrram ALSO787 words
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THE BUSINESS TIMES SHIPPING TIMES
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5118 2006-07-18 28 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfx Name Name Number Number SIN Desfn Name Name Number Number 23X19 01/11 NGPL GAZELLE BANK SP201 *****288 To ABIDJAN (ABJ) 2003 Cote D'lvoire To DURBAN (DUR) 2118 South Africa5,118 words
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PROPERTY
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Article, Illustration542 2006-07-18 29 UMA SHANKARI - Tipped to do better on takings in hotel, retail, office and residential sectors By UMA SHANKARI INVESTMENT bank ÜBS reckons prospects for Singapore's property sector are the best ever. In its July issue of Singapore Analyser, the bank identifies City Developments, Capita Land, TheFILE PHOTO - 542 words
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206 2006-07-18 29 SINGAPORE-based Surbana International Consultants said yesterday it has clinched a design and consultancy contract for a $148 million luxury hotel project in Abu Dhabi. The proposed development, along the prestigious Corniche Waterfront, is a 35-storey complex that will house a five-star hotel, serviced206 words
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288 2006-07-18 29 UMA SHANKARI - By UMA SHANKARI MORE than 70 per cent of the 375 apartments in London's Pan Peninsula's West Tower have been sold and 30 of these were bought during the Singapore launch. Pan Peninsula is on Millwall Dock, next to Canary Wharf.288 words
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Article, Illustration521 2006-07-18 30 KALPANA RASHIWALA - Collective sales still hot in prime districts; 12-unit St Martin's Lodge priced at $30m By KALPANA RASHIWALA COLLECTIVE sales activity continues in Singapore's prime districts. Soilbuild Group Holdings has bought Furama Tower at Leonie Hill Road for $76 million or $872 per square foot per plot521 words
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Article548 2006-07-18 30 ARTHUR SIM - Increased demand from relocating expats, prime districts most popular By ARTHUR SIM THE number of residential leasing transactions increased to 8,807 over the first three months of this year. This represents a 15.8 per cent increase compared to the same period last year when the548 words
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Page 29 Advertisements
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Advertisement199 2006-07-18 29 7 Draycott Dr 2,1215f $2.80 m Scotts2B 1,7335f $2.90 m Lucky Plaza 1,5505f 1.70 m The Imperial I,BoBsf 1.98 m Jervois Lodge 1,9485f 1.45 m ShearesVille 1,5285f 1.52 m Aspen Hgts 1,3245f $1.33 m Balmoral Gate 1,5725f $1.33 m The Aston 678sf $585k Jervois Jade 2,0565f I.oBm Res @Evelyn 2/3/4199 words
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Advertisement97 2006-07-18 29 PRIME INDUSTRIAL SITE WITH REDEVELOPMENT POTENTIAL FOR SALE BY TENDER Address 81 Playfair Road Tenure Freehold Land Area Approx. 10,740 sa ft Plot Ratio 2.5 Tender Closing: 3 Aug 2006, 3pm For tender document, please contact: Bernard Goh: 6326-1232 9780-9252 CB Richard Ellis (Pte) Ltd r brc 6 Battery Road97 words
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Advertisement423 2006-07-18 29 Option A Purchase 17 out of 20 apts Ctr Total Strata Floor Area: 25,908 sf Only 8 years old; Excellent Condition I o v Unit Sizes 1,420 sf to 1,582 sf rV4/ \&5«sZ ™ilte Option B Purchase all 20 units )1] LA: 12,163 sf;GFA 34,993 sf e /B jj) Potential423 words
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Advertisement299 2006-07-18 30 Leveraging the Hf i| »TJ *1«iul j i I ill I Experience of |111 [fI U i 1111,1 Performers Harnessing I *FT|v^y"« Essential KPIs 1111 [V lIIR J 11IIIHI 111 Ikl to ■■■■■■■■■■■■■■M w MM V I Competence 111 ]fl 11 l/l fj IM 11 M J I 0 1299 words
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Advertisement71 2006-07-18 30 PRIME FREEHOLD DEVELOPMENT SITE FOR SALE /*->~Z Prominent Corner Location T*** @St. Thomas Walk 9>g ~7<p/ Proximity to Orchard Road /j/cJ,'" '/syj£m AS Walking distance to /&y Somerset MRT station OWBH,RE "V^ jJjssjsJZ Freehold Land area approximately vf/ 19 961 sqft \BV/ plotßatl 2 8 VAU-E* RIVEW VALLgT^^ Contact: CB71 words
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