The Business Times, 5 August 2006

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Microfilm: NL26972
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES weekend Vth ANNIVERSARY JD MICA (P) 099/03/2006 SINGAPORE 85 cents August 5*6, 2006 online at http: business-times asial com sg
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  • Article, Illustration
    Lock icon Restaurants fear cost push from IRs
    932 1  -  Staff poaching, wage rise, competition for customers among worries about integrated resorts By MATTHEW PHAN [SINGAPORE] Private restaurant groups are worried about the Marina Bay and Sentosa integrated resorts (IRs) driving up staff costs and competing for customers, despite the hype surrounding the economic
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  • Article, Illustration
    Lock icon More expensive than the real thing – showflats go upmarket
    775 1  - More expensive than the real thing showflats go upmarket Developers splurge $800,000-$2m on lavish show suites By ARTHUR SIM [SINGAPORE] Showflats have become so lavish lately that some cost more than real flats. Designers tell BT that in the past 5-10 years, budgets, especially at the top end of the
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  • Article
    Lock icon MARKETS DIGEST
    133 1 STI 2462.92 (+5.83) ST WDEX FUTURES 2*39.00 (+6.00) SIMSCI 293.25 (+1.55) SIMSa FUTURES 291.10 (+1.40) MARKETS Friday Change KLSECOMP 937.99 +2.70 NIKKEI 225 15,499.18 +28.81 HANG SENG 16,887.80 -160.62 SETWPEX 703.28 40.11 JAKARTA COMP 1.*****3 +9.638 MANILA COMP 2362.60 +5.05 SEOUL COMP 1,304.51 +12.46 SHENZHEN B 281.43 _-1.78
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  • Article
    Lock icon Look inside for BT's 30th anniversary offers
    116 1 AS part of our 30th anniversary celebrations, The Business Times presents its first Bonus Issue today, with a special promotion at Raffles The Plaza, Singapore. Check your paper /or our fabulous $30 offers at Szechuan Court, INK Club Bar and RafflesAmrita Nail Suite.
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  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon Thai tycoon is buyer of stake in InterCon hotel
      479 2  -  Thai Beverage chairman controls firm that bought CapitaLand's stake By KALPANA RASHIWALA «[SINGAPORE] The ultimate 4 buyer of CapitaLand's 4 44.55 per cent stake in In"terContinental Hotel at «Bugis Junction is none oth«er than Thai Beverage tycoon Charoen Sirivadhan- abhakdi, BT
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    • Article
      Lock icon Stiffer penalties proposed for damaging national monuments
      459 2  -  But some think the proposed changes penalise private owners twice over By WEE LI-EN [SINGAPORE] Private individuals or companies who own a little bit of Singapore history could soon have to take even more care to look after it properly. Major amendments to
      459 words
    • Article
      Lock icon Correction
      47 2 SOH Yew Hock is not the managing director and CEO of WBL Corporation, as incorrectly reported in the Company Briefs column of Aug 2. Mr Soh was formerly MD and CEO of Wearnes International (1994), a subsidiary of WBL Corporation. We are sorry for the error.
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    • Article
      Lock icon THREE-MINUTE DIGEST
      562 2 Most listed firms post higher profit at half-time SINGAPORE Exchange-listed companies have emerged well amid an environment of higher oil prices and fears of higher interest rates, with the bulk of them profitable at half-time and a sizeable majority posting better earnings. Since the half-year results season kicked
      562 words
    • Article, Illustration
      Lock icon Save the last gasp for me
      1103 2  -  SATURDAY SOAPBOX Musings of a smoker under siege SURESH MENON Foreign Editor THE writing on the wall reads "Extinction", with other words, "Total Annihilation", and "Quit Them" in fine print. The agenda is that only the fittest shall prevail. Health evangelists, the passive hypochondriac
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      29 2 I'* I m H fl Bp .^fllH JJm -|3| f -VBIki #/^P®hS& 1 ".h -A.'v. i ii w<^ea^,^..^..v^.^^^^^thl< ii^wiiiM^ l< »i > ttijj^<wa»|g^jjpg^p,pp;,,.;■< r 7 ImHL v f ,is 'SjSmbSH
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon India's Mr Professional
      2383 3  -  Infosys co-founder Narayana Murthy tells AMIT ROY CHOUDHURY what makes him and his company tick AMIT ROY CHOUDHURY AFTER shaking hands and saying goodbye to a newsmaker at the coffee shop in one of the top hotels in Singapore recently, this reporter had a curious experience. As
      ARTHUR LEE  -  2,383 words
    • Article
      Lock icon Murthy's many associations with Singapore
      315 3  -  By AMIT ROY CHOUDHURY INFOSYS Technologies chairman and chief mentor N R Narayana Murthy is well known in Singapore, perhaps more so than the other heads of Indian software giants such as Tata Consultancy Services (TCS), Wipro and Satyam. Mr Murthy is an independent director
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      61 3 Raffles^ Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels and Resorts. The Traveller's Palm in the Raffles Hotels and Resorts logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in
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  • COMPANY NEWS
    • Article
      Lock icon Most listed firms post higher profits at half-time
      878 4  -  Of the 108 that reported interim results, 103 were in the black By JEAN CHUA SINGAPORE Exchangelisted companies have emerged well amid an environment of higher oil prices and fears of higher interest rates, with the bulk of them profitable at half-time
      878 words
    • Article
      Lock icon SingLand reports 9% fall in Q2 earnings
      388 4  -  By WONG WEI KONG SINGAPORE Land, one of the biggest landlords here, yesterday reported a 9 per cent drop in second quarter earnings despite higher turnover. Sing Land said net profit for the three months ended June 30 fell to $25.8 million from
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    • Article, Illustration
      Lock icon APB to buy over Foster's brewery ops in Vietnam
      622 4  -  By CONRAD RAJ EVEN as it continues to lose ground in its home market, Asia Pacific Breweries (APB) is expanding overseas with the latest addition being all of Australian beer giant Foster's brewery operations in Vietnam. The company yesterday announced that
      FILE PHOTO  -  622 words
    • Article, Illustration
      Lock icon Robust earnings season helps STI hit 11-week high
      484 4  -  STOCKS TEH HOOI LING Senior Correspondent SINGAPORE'S main market index rose yesterday for the third consecutive day after a number of index heavyweights unveiled robust earnings in the last couple of weeks. It was also the third consecutive week of gains for
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    • Article
      Lock icon Analysts aren't impressed with SingTel's Q1 earnings
      485 4  -  They cite lower margins at Optus, Temasek stake sale By SIOW LI SEN SINGAPORE Telecommunications' latest quarterly results have met with lukewarm responses from analysts, even though they beat market expectations. Some analysts appeared to be worried about the prospect of the telco's
      485 words
    • Article
      Lock icon Cosco unit wins US$74m contract
      195 4  -  By GEORGE JOSEPH A SUBSIDIARY of Cosco Corp (Singapore), Cosco Shipyard Group (CSG), has clinched Floating Storage and Offloading unit (FSO) building and conversion contracts totalling US$74.B million, including its first for its Zhoushan shipyard in China. The announcement comes soon after China's largest shipyard
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    • Article
      Lock icon ST Engg Q2 net profit up 8.6% to $110 m
      526 5  -  S-E Asia's largest defence-related firm expects a stronger 2H06 By MATTHEW PHAN SINGAPORE Technologies Engineering (STE), Southeast Asia's largest defencerelated company and one of the world's largest aircraft repair firms, grew net profits 8.6 per cent year-on-year to $110 million
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    • COMPANY BRIEFS
      • Article
        Lock icon Untitled
        46 5 AEM-Evertech's net profit soared 138 per cent to $10.7 million in the first half as revenue jumped 75 per cent to $126.9 million. Total costs and expenses rose 67 per cent to $114 million, but profit from operations still grew from $4.9 million to $13.5 million.
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      • Article
        Lock icon Untitled
        42 5 HI-P International expects its FY06 net profit to be lower than that of FY05. The company reported a 34.5 per cent drop in profit to $14.25 million for the second quarter ended June 30,2006. Revenue grew 25.3 per cent to $174.99 million.
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      • Article
        Lock icon Untitled
        98 5 AQUA-TERRA Supply Co's net profit fell 7.6 per cent to $2.6 million in the first half despite a 39.2 per cent rise in revenue to $67.4 million, which boosted its operating profit by 21.2 per cent to $3.6 million. A reason for the slide in net profit was the absence
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      • Article
        Lock icon Untitled
        55 5 GUL Technologies' net Iqss narrowed from US$17.4 million to US$3.2 million in the first half, as revenue rose from US$42.1 million to US$51.6 million. With cost of sales falling from US$49 million to US$43.7 million, it reversed an operating loss of US$15.1 million in 1H 2005, turning it into an
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      • Article
        Lock icon Untitled
        55 5 CHINA Sky Chemical Fibre's net profit inched up 3.2 per cent to 87.7 million yuan in the second quarter, on the back of a 4.7 per cent gain in revenue to 315.3 million yuan. Its gross profit stayed flat at 105 million yuan, but costs and expenses fell 39.6 per
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      • Article
        Lock icon Untitled
        45 5 NEW Toyo International Holdings' second-quarter net profit fell 56 per cent to $2.2 million, as revenue dipped 3 per cent to $42.4 million. The slide in the company's bottomline was due mainly to a sharp increase in administrative expenses, from $2.8 million to $5 million.
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      • Article
        Lock icon Untitled
        52 5 MIDSOUTH Holdings' net profit rose 43 per cent to 22.7 million yuan in the second quarter, on the back of a 47 per cent gain in revenue to 101.9 million yuan. Separately, it said its Chinese subsidiary has entered into an agreement to develop vehicle parts for a major Chinese
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      • Article
        Lock icon Untitled
        37 5 COLEX Holdings posted a net loss of $165,000 in the first half, reversing net earnings of $166,000 in 1H 2005, despite a 37.6 rise in revenue to $17.6 million. Staff costs and other operating expenses were higher.
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      • Article
        Lock icon Arianecorp's interim loss up
        49 5 ARIANECORP'S half-year net loss widened to $943,000 from $731,000 in HI 2005, while revenue stayed flat at $1.7 million. Its gross profit grew from $395,000 to $594,000 but this was offset by net other operating expenses compared to a net other operating gain last year.
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      • Article
        Lock icon GK Goh quarterly profit slips
        40 5 GK GOH Holdings said for the three months ended June 30,2006, its net profit slipped to $1.5 million compared to the $2 million achieved a year ago. Revenue grew to $4 million from $1.3 million.
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      • Article
        Lock icon Lung Kee issues profit warning
        64 5 LUNG Kee (Bermuda) Holdings last night issued a stark profit warning, saying that its first-half profits will be "substantially lower" than last year's. The group blamed the decline in profit on the rising cost of labour and raw materials as well as higher depreciation charges
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      • Article
        Lock icon Multivision in acquisition
        54 5 MULTIVISION Intelligent Surveillance Ltd has entered into an agreement to buy holding company Gain Forward Ltd for HK$45 million in cash. The purchase of Gain Forward will give Multi Vision a 15 per cent stake in Beijing Guildford Information Technology Co, an online media, entertainment and information
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      • Article
        Lock icon Intraco unit in deal
        48 5 INTRACO Ltd said its subsidiary Intraco Technology Pte Ltd has entered into a conditional agreement to buy Time Technology Sdn Bhd, a distributor of computer components and peripherals in Malaysia. The purchase will be funded by an issue of new shares in Intraco Tech.
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      • Article
        Lock icon Q2 earnings up for Allied Tech
        57 5 ALLIED Technologies' net profit grew from $66,000 to $401,000 in the second quarter, even as revenue dipped 5 per cent to $36 million. Its total operating expenses fell 6 per cent to $36 million, mainly due to a 35 per cent drop in the
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      • Article
        Lock icon NEC to raise S'pore production
        61 5 JAPANESE microchip maker NEC Electronics plans to raise its chip production in Singapore by 4 million units to 10 million units a month from September, said wire reports. Its chip production in Singapore accounts for 20 per cent of the total supply in the global
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    • Article
      Lock icon Venture's Q2 profit up 5% despite sales dip
      440 5  -  By OH BOON PING ELECTRONICS manufacturer Venture Corporation yesterday reported a 5 per cent rise in net income to $52.6 million on a 3.4 per cent dip in sales to $750.6 million for the second quarter ended June 30, 2006. During the
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    • Article
      Lock icon Midas bags orders worth 200m yuan for China rail
      340 5  -  By CHEW XIANG MIDAS Holdings yesterday announced that it has secured a contract worth 200.5 million yuan (5539.6 million) to supply aluminium alloy extrusion train car body profiles for the Bering to Tianjin high-speed train project. Mainboard-listed Midas is a leading
      340 words
    • Article, Illustration
      Lock icon CityDev's M&C Hotels net profit in Q2 surges 33.1%
      402 5  -  They raked in £18.1m with Revpar up 23.6% By KALPANA RASHIWALA MILLENNIUM Copthorne Hotels pic (M&C)'s Singapore hotels were the star performer in the group's second-quarter report card, with a 23.6 per cent year-on-year increase in revenue per available room (Revpar).
      402 words
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      Lock icon Page 4 Advertisements Column 1
      221 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MOELLER ASIA PACIFIC PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Registration No. *****0533R) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members
      221 words
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      20 5 Inviting tenders? Call 1800 289 8822 or email notiecs@sph.com.sg to book your tender notice in our newspapers now. NOTICES HS
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      Lock icon Page 5 Advertisements Column 2
      220 5 HE Tt <2 nnr tri so indulge This 'week only, I enjoy these privileges from I Raffles The Plaza, Singapore, J frorriAugfto 1-0 2006^ 8 1 $80+++feastitStMOtmanCourt > tor only $30+++ per parson Steamed Silver Fin Cod with Spinach Sauce Ip Deep-fried Conpoy 2. Braieed Spare Ribe with Savoury Sauce
      220 words
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  • PERSONAL INVESTMENT
    • Article
      Lock icon BROKERS'TAKE
      1027 6  -  Compiled by UMA SHANKARI Sing Tel Aug 4 dose: $2.56 CREDIT SUISSE, Aug 4. QlO7 came in within expectations. Sales met 24 per cent, while net profit hit 23 per cent of our FYO7 estimate. Overall, it was a weak quarter. Sales fell 2.7 per cent quarter-on-quarter due to
      1,027 words
    • Article, Illustration
      Lock icon Do new index stocks bring better returns?
      1265 6  -  SHOW ME THE MONEY Study on returns of S&P 500 Index stocks shows surprise findings TEH HOOI LING Senior Correspondent MARKET indices are used as benchmarks for measuring the performance of mainly larger capitalisation companies in various markets. For example, the S&P 500
      AFP  -  1,265 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1013 6 For week beginning Jul 31 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Sabsaotial Buy No of Price SHAREHOUMMG Tram Shareholder/ Sal Shares Par Mara After «ock Data Director Com '000 tkrS fW> C—> Vita Hldgs 4-Aug-06 Chong Thim Pheng Buy 190 na ***** 12.13 ***** 12-20 Popular Hldgs 3 Aug-06
      1,013 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Sizing up a risky energy market
      3487 7 OVERVIEW HAS energy'become the ultimate investment for the current decade and beyond? It is tempting to think so, because even if the extreme turmoil in the Middle East which has driven oil prices to extreme highs abates, the fundamental supply and demand situation appears
      REUTERS  -  3,487 words
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  • SINGAPORE NEWS
    • Article
      Lock icon New MAS rules to curb terror financing, money laundering
      357 8  -  Financial houses to adopt stricter customer due diligence measures By LESLIE YEE FINANCIAL institutions will have to undertake more rigorous customer due diligence measures under draft notices on curbing money laundering and countering financing of terrorism unveiled by the Monetary Authority
      357 words
    • Article
      Lock icon Follow Lasalle's overseas example: Hng Kiang
      240 8 EDUCATION institutions here should follow in the footsteps of La-salle-SIA College of the Arts, and work towards exporting their brand of education services overseas, Minister for Trade and Industry Lim Hng Kiartg said yesterday. "Lasalle is a shining example of a home-grown institution which
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    • Article, Illustration
      Lock icon Firms must strategise to survive: consultant
      369 8  -  BY WEE LI-EN AS the global business climate becomes more risky, companies need to strategise to survive, says Mark Daniell, director emeritus of global consulting firm Bain Company and chairman of The Cuscaden Group. "Strategy lies at the heart of business success," he says.
      369 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      34 8 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ Lower Risk;^ Low to Medium Risk;& Medium to High Risk;** Higher Risk;open-ended;+Before subdivision of units;After subdivision of units;SP after stock split N.A.Non Dealing Day
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    • Article
      Lock icon Tiger Beer taps UK's keen interest in Asia
      531 9  -  APB grows export sales there by over 30% yearly for the last five years By MATTHEW PHAN LEVERAGING on "growing interest in anything Asian", Asia Pacific Breweries has boosted export sales mostly of Tiger Beer to the UK by more than 30
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    • Article
      Lock icon Far East's Central, Square 2 chalk up good take-up rates
      271 9 FAR East Organization yesterday unveiled good takeup rates for two of its malls which are about to open Central at Clarke Quay and Square 2 in Novena. At Central, 60 per cent of the 200,000 sq ft of retail space
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon Yudhoyono to visit S'pore
        42 9 INDONESIAN president Susilo Bambang Yudhoyono will visit Singapore on Aug 6-7, accompanied by his wife and government officials. He will meet local business leaders and call on Prime Minister Lee Hsien Loong and Minister Mentor Lee Kuan Yew.
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      • Article
        Lock icon Disruption of passport services
        37 9 THE Immigration Checkpoints Authority is reminding Singaporeans that some passport services will be disrupted from Aug 10-14 as it prepares for the introduction of the Bio Pass biometric passport. More details at app.ica.gov.sg
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      • Article
        Lock icon ERP rates to go up at six gantries
        73 9 ERP rates are set to go up at six gantries, mainly on the Central Expressway (CTE). Rates will rise 50 cents on the CTE north and south of Braddell Road, on the northbound CTE after the Pan-Island Expressway (PIE) and the PIE
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    • Article, Illustration
      Lock icon Right time for workers to enhance skills
      320 9  -  By OH BOON PING THE economic recovery has presented an opportunity for workers to enhance their skill sets and employability, says labour chief Lim Boon Heng. "The recovery creates an important window of opportunity for us to adjust With a relatively stable window
      320 words
    • Article
      Lock icon LNG import plan may be unveiled soon
      330 9 Reuters SINGAPORE is likely to join the world's LNG club within a decade to enhance energy security despite lingering apprehensions about the economics of such a move. "Singaporeans, generally speaking, value all sorts of security, so 1 think they would like to have
      Reuters  -  330 words
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      35 words
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      94 9 "Hominy 118*' ISPII Srs^■ 4 V; .S.:. C* 1 11 £$SS r r. J 9VIHHII^^^^^IBI'W^IHIHHIBV mm. i IlisßP SSHH^^Sfil m:Aw(j BC*2^^Hlml^^H aSS^JjSBBH i|l L T^k-* f f JUj/ believes in MuUctiiy the, right connections. Ttvd/t s why h/Bs i/i/~&'s lAisßs &/H/ STI sU/bsor i/j^tl/Okv wh/B/r Bsi/~8/r tlvß/ job td/k/BsS '1
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  • MALAYSIA
    • Article, Illustration
      Lock icon No plans to merge Niaga, Lippo: Bumiputra chief
      398 10 Bernama [KUALA LUMPUR] There are no immediate plans to merge Indonesia's Bank Niaga and Lippo Bank although Khazanah Nasional Bhd has majority stakes in both banks. Under the Single Presence Policy which Bank Sentral Republik Indonesia is proposing, a single party will
      Bernama  -  398 words
    • Article
      Lock icon Sime, Genting may invest in Indon biodiesel projects
      447 10 Bloomberg [KUALA LUMPUR] Sime Darby Bhd Malaysia's second-big-gest publicly traded company by sales and Genting Bhd have been offered the opportunity to invest in biodiesel projects in Indonesia, South-east Asia's biggest oil user. Genting, which operates casinos and plantations in Malaysia, is
      Bloomberg  -  447 words
    • Article
      Lock icon M'sian exports rise 11.4% in June
      175 10 AP [KUALA LUMPUR] Malaysia's exports rose 11.4 per cent in June from a year earlier, roughly in line with economists' expectations, and were up 2.8 per cent from May, government data showed yesterday. Strong demand for products such as transport equipment, electronic and electrical
      AP  -  175 words
    • Article
      Lock icon SGX MAINBOARD
      6 10 Transaction date: Aug 4
      6 words
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  • INDONESIA
    • Article, Illustration
      Lock icon Jakarta to boost investment incentives
      414 11 Indon president pledges to attract foreign capital by fighting corruption Reuters [KUALA LUMPUR] Indonesia's president promised yesterday to keep fighting corruption and to increase incentives aimed at attracting foreign investment to help build roads, ports and power plants. President Susilo Bambang Yudhoyono also said Indonesia
      Reuters  -  414 words
    • Article
      Lock icon Indon, Msian stock mkts seek link-up
      155 11 Bloomberg [KUALA LUMPUR] Bursa Malaysia Bhd operator of the country's stock exchange and Indonesia's Jakarta Stock Exchange may allow investors to trade each other's securities next year. "We are still discussing now," said Erry Firmansyah. president of the Jakarta Stock Exchange, told reporters in
      Bloomberg  -  155 words
    • Article
      Lock icon SGX
      1204 11 Transaction Date: Aug 4 MOST ACTIVE STOCKS VOLUME VALUE Thai Beverage 21.755.000 DBSGrp 87.995.429 UTAC US 15c 21.400.000 SIA50c 59.556.100 SingTel 15c HL210.000 UOB 59.*****2 Pac.ficCentjrylOc *****.000 Keooel CofP 50c 49.849.700 STX PO KW100 15.508.000 SingTel 15c 41.562.304 China Sun HK25c 14.036.000 CapitaLand 40.914.785 DMX Tech USSc 13.311.000 OCBC
      1,204 words
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  • GREATER CHINA
    • Article
      Lock icon BEA's H1 profit rises 33% to HK$1.57b
      370 12 Reuters [HONG KONG] Bank of East Asia Ltd (BEA) the fifthlargest lender by assets here said yesterday that its first-half earnings rose by a third, on higher revenue from lending and feebased income. BEA, one of the few Hong Kong lenders rated a
      Reuters  -  370 words
    • BRIEFLY ASIA
      • Article
        Lock icon AirAsia didn't submit fresh Singapore bid
        74 12 Bernama [KUALA LUMPUR] Air Asia group chief executive Tony Fernandes yesterday refuted talk the local budget carrier has made a fresh bid to fly into Singapore. Although Singapore is one of the many routes that Air Asia-is interested in, the island state is not
        Bernama  -  74 words
      • Article
        Lock icon China asks trust firms to curb loans
        66 12 Reuters [SHANGHAI] China's banking regulator has asked trust firms to cut back on loans to real estate developers, closing a loophole in the government's restrictions on property companies, the Securities Times said yesterday. The China Banking Regulatory Commission recently sent an urgent notice
        Reuters  -  66 words
      • Article
        Lock icon Taiwan sees record foreign investments
        46 12 AFP [TAIPEI] Taiwan's foreign investments in 2006 are expected to hit a record high of over US$B billion, officials said yesterday. The forecast came as Taiwan's Premier Su Tseng-chang appointed Chen Ruey-long, a Vice-Economic Minister, to head the economic ministry. —AFP
        AFP  -  46 words
    • Article
      Lock icon People's Daily unit lashes out at elite Beijing cars
      371 12 Vehicles with real and fake privileged licences flout traffic rules with impunity Reuters [BEljlNG] The city is plagued with drivers flaunting military and state security licence plates, real and bogus, to enjoy immunity from traffic rules a privilege reserved for China's
      Reuters  -  371 words
    • Article, Illustration
      Lock icon Japan's Fast Retailing keen to buy Giordano stake
      601 12 Move will help it gain access to China, boost sales Bloomberg [HONG KONG] Fast Retailing Co, Asia's largest clothing retailer and owner of the Uniqlo brand, may buy a stake in Hong Kong's Giordano International Ltd a move that would double its
      Bloomberg  -  601 words
    • Article
      Lock icon Alarm over corruption probe in China's corporate debt market
      497 12 Reuters [SHANGHAI] A corruption probe touching one of Shanghai's largest private investment companies has raised questions about the risk involved in China's fledgling short-term corporate debt market and the accuracy of local rating agencies. The central bank gave approval in May
      Reuters  -  497 words
    • Article
      Lock icon Cathay, Dragonair add flights after typhoon disruptions
      274 12 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd and Hong Kong Dragon Airlines Ltd* the city's biggest carriers put on extra flights yesterday after a typhoon caused havoc with their schedules and stranded thousands of passengers overnight. Cathay added three flights to Bangkok and
      Bloomberg  -  274 words
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      35 12 STYLE UP your OUTDOOR HUB DESIGNER SHOWCASE (VOL2) BOOKLET IBSl" I 1 renovate fI&KH I till you've read gfV&i I our FREE Designer I Showcase booklet! For more info, loj onto SPH magazines www.nomeanddecor.com.sg «rsc
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      Lock icon Page 12 Advertisements Column 2
      24 12 Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. NOTICES
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  • INDIA
    • Article, Illustration
      Lock icon Tech firms eye US$40b from engineering services
      373 13 Report bullish on growing offshore market's potential AFP [BANGALORE] India's premier software body said on Thursday outsourcing of engineering services by global firms presented the country with a US$4O billion opportunity. The National Association of Software and Service Companies in a report said
      AFP; AfP  -  373 words
    • Article
      Lock icon Bharti, IBM hoping to wire up govt depts
      171 13 The Economic Times [NEW DELHI] With the proof of concept in place, Bharti Airtel and IBM are betting big on the Indian government. The success of Taxnet, which on completion will connect 745 IT departments in 510 cities, is pushing many ministries
      The Economic Times  -  171 words
    • Article
      Lock icon BURSA MALAYSIA
      4 13 Source: Reuters
      4 words
    • Article
      Lock icon GM eyes 10% of Indian car market
      339 13 AFP [MUMBAI] US car giant General Motors yesterday said it aims to grab 10 per cent of India's booming car market after announcing plans to build a second Indian plant to sharply ramp up production. "The key issue for us is to capture
      AFP  -  339 words
    • Article
      Lock icon Delhi moves to curb rate hikes by banks
      516 13 Some state-run banks told to seek board's nod before any rate revisions Reuters [NEW DELHI] India has asked some state-run banks to seek board approval before raising their prime lending rates, a move which bank officials said was aimed at controlling the
      Reuters  -  516 words
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      140 13 NHEZAOBAO I 1 ALLONGE 82 I I 'our Win Prizes I tailing $5,000 in I Biggest I rie-tasting Event! I igust 2006 (Sunday) 2 pm-5 pm I m I I Centennial Singapore, Gnnd Ballroom Imj m ti Lianhe Zaobao Wine irs the best wine labels from apgund the In conjunaion
      140 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US adds fewer jobs than expected in July
      509 14 LATEST US DATA Rise in jobless rate to 4.8% may stop Fed from raising rates next week Bloomberg [WASHINGTON] Employers in the US added fewer jobs than expected in July and the unemployment rate climbed, making it easier for the Federal Reserve
      Bloomberg  -  509 words
    • Article, Illustration
      Lock icon Thailand may face slower H2 growth
      606 14 BOT chief says growth likely in 3-4% range By in Bangkok THAILAND'S economic growth is likely to slow dramatically in the current second half. Bank of Thailand Governor (BOT) Pridiyathorn Devakula said yesterday. Growth in South-east Asia's second-biggest economy would likely be in the
      AFP  -  606 words
    • Article
      Lock icon Billionaire is Yukos' white knight
      291 14 Reuters [MOSCOW] Suleiman Kerimov, a billionaire member of Russia's parliament, has emerged as a white knight for bankrupt oil firm Yukos and is negotiating to buy its multi-billion-dollar debts, Kommersant business daily reported yesterday. Quoting unnamed sources close to Yukos* creditors, Kommersant said Mr Kerimov,
      Reuters  -  291 words
    • Article
      Lock icon Apple likely to restate its earnings following probe
      335 14 Bloomberg [SAN FRANCISCO] Apple Computer Inc, maker of Macintosh computers and iPod music players, said it will probably restate earnings after an internal investigation into options backdating found additional suspicious grants. The company delayed its quarterly filing with regulators while it conducts
      Bloomberg  -  335 words
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      Lock icon IMF should give Asia more say in its affairs
      418 14  -  By ANTHONY ROWLEY in Tokyo JAPANESE Finance Minister Sadakazu Tanigaki yesterday raised the pressure on the International Monetary Fund (IMF) to give Asian countries a bigger say in the affairs of the institution. His comments came on the heel of a
      418 words
    • WORLD WATCH
      • Article
        Lock icon 40 casualties in Israeli missile attack
        75 14 AP [BEIRUT] An Israeli missile slammed into farm workers loading vegetables into a refrigerator truck near the Lebanon-Syria border yesterday, killing or wounding as many as 40 people, the workers' foreman said. The Lebanese and Kurdish farm labourers were in a field in a
        AP  -  75 words
      • Article
        Lock icon AOL likely to lay off 5,000 employees
        76 14 AFP [NEW YORK] Time Warner's struggling Internet unit AOL said on Thursday it was likely to lay off about 5,000 employees, or a quarter of its global workforce, in the next six months. The announcement came just a day after AOL said it
        AFP  -  76 words
      • Article
        Lock icon Global microchip sales in June up 9.4%
        71 14 [SAN FRANCISCO] Global microchip sales in June rose 9.4 per cent from a year earlier as a mobile telephone boom showed no sign of slowing, but falling prices are painting a mixed picture for the sector, a US industry group said on Thursday.
        71 words
      • Article
        Lock icon BA's Q1 profit rises 72% to £150 m
        61 14 Bloomberg [LONDON] British Airways pic (BA) said first-quarter profit rose 72 per cent on increased business passenger travel from London. CEO Willie Walsh predicted a "tougher" second half. Net income increased to £150 million (*****.5 million) in the three months ended June
        Bloomberg  -  61 words
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  • MOTORING
    • Article, Illustration
      Lock icon Super saloon
      743 15  -  One is a sedan, another a coupe, while the third is a roadster. The body styles may be different but these three cars have one thing in common sheer performance. SAMUEL EE drives three very fast and very uncommon cars SAMUEL EE JL S A model which is
      PHOTOS BY WILLIAM WHEY  -  743 words
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      Lock icon One good-looking cat
      679 15 IT HAS been called the alternative Aston but there is more to the Jaguar XK than its pretty looks. For one, go beyond the attractive exterior and into the elegantly modernised cabin to see how this new Jag has succeeded where the competition in the luxury segment
      679 words
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      Lock icon To the power of M
      671 15 PERHAPS the most remarkable feature of the BMW Z4 M Roadster is not its prodigious power but the way it is delivered. M stands for Motorsports and the blue and red badge is usually a precursor of raw power. But like the M 3 and
      671 words
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  • GOLF
    • Article, Illustration
      Lock icon Comeback for golf pioneer
      1134 16  -  JUSTINE MOSS talks to the head of SLGA, one of two golf clubs which saw changes at the helm recently JUSTINE MOSS THE winds of change swept through both the Singapore Golf Association (SGA) and the Singapore Ladies Golf Association (SLGA) recently, when new presidents were
      1,134 words
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      452 16 wine&dine withweekendBT I ?fji —1=5 1' rf Ah Hoi's Kitchen For birthdays, registration of marriages of baby's our time-honoured and mutti-award winning Mandarin Orchard Hotel Poolside, Tm**, Hotel (above TengUn Mali) 1Q percem discount Chfcton Wee along wrthottgr lauded local favourtttt in 4# Orchard RootL Tel.*****554 TeL *****373 Prk»: JT6.80+++
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  • WELLNESS
    • Article, Illustration
      Lock icon Fast teeth service
      656 17  -  Getting a new set of teeth done during your lunch hour is now possible, as CHEAH UI-HOON finds out CHEAH UI-HOON INSTALLING teeth implants has always beep a complicated process, stretching over six months at least, and for the patient, it is not without pain. However, Singapore
      656 words
    • Article
      Lock icon Shed extra pounds? Now worry about excess skin
      1359 17  -  By NATASHA SINGER NYT AS MORE severely obese people take drastic steps to lose weight many are facing an unexpected hurdle in their struggle to slim down: rolls of loose skin that are heavy, uncomfortable and prone to rash and infection. Body
      NYT  -  1,359 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      208 17 CRYPTIC CROSSWORD DOWN 1 English shilling and copper suf- 14 Jump falling short in field (3) Across: 1 Lip> reader 7 fice as "old rnoney" (6) 16 Heather, with double hesita- Tumbled, 13 Guarded, 14 Absorb--2 Girl and boy failed (6) ,tjon. not one to get going (8) ed, 17
      208 words
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  • SHOPPING
    • Article, Illustration
      Lock icon This toy shop is adults-only
      1277 18  -  Yes, it sells sex toys and no, it's not shifty—not if you think of it as a romance store rather than a sex shop, says CORINNE KERK CORINNE KERK PSSST. Want to know a secret? Nudge, nudge. Wink, wink. Tucked away on the second level
      1,277 words
    • Article, Illustration
      Lock icon New products galore to treat and protect your skin
      794 18  -  Latest trends in skincare see first-time entrants into the beauty arena and more potent formulas. CORINNE KERK checks them out CORINNE KERK HEAR, hear, those who swear by La Mer's Creme de La Mer moisturising cream. The skincare regime, it seems,
      794 words
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  • PURSUITS
    • Article, Illustration
      Lock icon A peek into his parlour
      1308 19  -  It's all about using 'modest' materials, says CHEAH UI-HOON who takes a look at how an award-winning architect works and lives CHEAH UI-HOON Architect Yip Yuen Hong was a happy man last week. And justifiably so since a residential house his firm ip:li design designed
      ALBERT LIM KS  -  1,308 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon DIY goodness
      90 20 Going by current taste trends, it looks like 'artisanal' and 'traditional' are the new buzz words on the food scene. We uncover three culinary craftspeople who believe that when it comes to producing the best food, nothing comes close to making it yourself Sugar and spice: (from left)
      90 words
    • Article, Illustration
      Lock icon Going back to his Italian roots
      672 20  -  By GEOFFREY EU Pasticceria Da Valentino 7, Jalan Bingka. Tel: 6462-2760 THE family that cooks together also bakes cakes together, it seems. In the year since he transformed a corner shophouse in a laid-back residential corner of Bukit Timah into an authentic family-style Italian
      FILE PHOTO  -  672 words
    • Article
      Lock icon Back to the basics with substance over style
      864 20  -  By JAIME EE Archangel #03-32/33 Great World City Tel: 6836-4424 PASTRY chef Audrey Tan doesn't believe in pretty cakes. "When you go to a hotel and pick up a nice cake, with the gelatin and glaze and fancy sponge layers—l don't do
      864 words
    • Article, Illustration
      Lock icon Bernard and the low-volume chocolate factory
      821 20  -  By GEOFFREY EU Laurent Bernard ChocolatieratThe Chocolate Factory 80, Mohamed Sultan Road, #01-11, The Pier on Robertson Quay, Tel: 6235-9007 ASK chocolate maker Laurent Bernard where his idea of chocolate heaven is and chances are his answer will be Chuao, a remote 16th century
      821 words
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