The Business Times, 8 August 2006

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Total Pages: 30
1 30 The Business Times
  • 19 1 THE BUSINESS TIMES warn th ANNIVERSARY JD MICA (P) 099/03/2006 Tuesday, August 8,2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg
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  • 576 1  -  Request for proposals to build terminal to be called next year By RONNIE LIM [SINGAPORE] Singapore will import liquefied natural gas (LNG) from around 2012 most likely from Australia.and Qatar —to diversify its energy supplies and ensure it is not overreliant on any single
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  • 137 1 Dsn 2,***** (-2.67) ST INDEX FUTURES £435.00 (-4.00) SIMSO ***** (+0.31) SIMSO FUTURES 291.20 (+0.10) MARKETS Monday Change KLSE COMP 938.48 +0.49 NIKKEI 225 15,154.06 -345.12 HANG SENG 16.953.55 +65.75 SET INDEX 705.35 +2.07 JAKARTA COMP 1,403.49 +14.14 MANILA COMP 2,378.63 +16.03 SEOUL COMP 1,289.54 -14.97 SHENZHEN 8
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  • 809 1  -  Drawing shoppers to a mall and helping retailers boost revenue are good for a Reit's bottom line By UMA SHANKARI [SINGAPORE] Rents in shopping centres are on the way up, but the burden is also on mall managers to
    YEN MENG JIIN  -  809 words
  • Page 1 Advertisements
    • 14 1 Jw j*§ SME SPOTLIGHT Globalroam: the first company to list on page 10 8
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    • 31 1 ANALYSIS Why Doha doesn't matter PAGE 23 I Rechar 9 in 9 l -v a t4<l I Singapore's drive to rebrand, remake, retrain I A National Day special section in BTtomomm
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    • 89 1 BP shuts down Iff jßutigp biggest oil field in US COMMENTARY Reits getting riskier PAGE 4 v'l 1 7 «<- -V j l "PIHMJt rC^r »Ji; viM9^flHJH<j Breguet. La passion laissa das tracas. sft W "Le RAveil du Tsar" Man's Classique alarm wristwatch in 18-carat yellow gold. Self-winding movement witt|
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  • TOP STORIES
    • 410 2  -  Temasek unit in talks with Embassy Group on logistics development By KALPANA RASHIWALA [SINGAPORE] Temasek Holdings unit Mapletree Investments continues to fan out its network in the AsiaPacific region. The latest market talk is that it is in discussions with India's Embassy Group
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    • 660 2  -  Malaysian prime minister tells his side of story in interview By S JAYASANKARAN in Kuala Lumpur AFTER weeks of silence in the face of unrelenting attacks on his leadership by his predecessor Mahathir Mohamad, Malaysian Prime Minister Abdullah Ahmad Badawi
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    • 432 2  -  By GENEVIEVE CUA [SINGAPORE] The Life Insurance Association is looking at conducting a "mystery shopping" exercise in a bid to improve sales standards and the quality of the "fact-find" performed by its agents. LIA president Jason Sadler said a work-group has been
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    • 609 2 Banks poised for slice of moneylenders' pie BANKS are in line for a National Day present. Under proposed new rules, they will be able to lend unsecured credit to people earning as little as $20,000 a year—up to now the preserve of moneylenders. The proposed changes could give
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    • 713 3 Pipeline leak forces closure, taking out 8% of US output AP, Reuters [ANCHORAGE, Alaska] Oil company BP has indefinitely shut down the United States' biggest oilfield after finding a pipeline leak, removing about 8 per cent of US oil production and
      AP,; Reuters; Source: Bloomberg; AFP  -  713 words
    • 631 3  -  Proposed new rules to let them give unsecured credit to those earning $20,000 a year By SIOW LI SEN [SINGAPORE] Banks are in line for a National Day present. Under proposed new rules, they will be able to lend unsecured credit to people
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  • Page 2 Advertisements
    • 368 2 Corporate Treasury Risk Management Dates Corporates can no longer excuse themselves from the imperative 12 13 September 2006 responsibility to manage their financial risks effectively just because they are 9.00 am to 5.00pm "only in the business of making widgets (....or whatever)". This highly interactive workshop offers an integrated approach
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    • 35 2 people Black belts wanted. vvvvv. it v." rk oiti Asia-Pacific Executive Search GOOD GAINS Let your investors know by advertising your 1 financial results in our newspapers. Call 1800 289 8822 or email sph.com.sg. B|
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  • Page 3 Advertisements
    • 198 3 Choose a world leader for your FX trading. The Singapore office of IG Markets is part of IG Group, aUK FTSE 250 company. With over f £LC\ /I AA CI 1 O 30 years' experience and tens of thousands of individual clients, we are uniquely placed to offer you a
      198 words

  • COMPANY NEWS
    • 866 4  -  HOCK LOCK SIEW By LESLIE YEE JUST over four years since Capita Mall Trust (CMT) pioneered the creation of Singapore's real estate investment trust (Reit) sector with its successful listing in mid-July 2002, there appears much to cheer in this sector. Today, Singapore has Reits
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    • 447 4  -  By CONRAD RAJ SEMBCORP Industries, the world's second largest rigbuilder, yesterday reported a 15.6 per* cent rise in second-quarter net profit to $86 million, in line with market expectations. The $86 million profit attributable to shareholders took into account a net loss of $369,000
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    • 556 4  -  By MICHELLE QUAH DIRECTORS of integra2ooo have responded to shareholder allegations of mismanagement reported in BT yesterday, giving examples of how they have always done their duty and acted in the best interests of shareholders. But as they did so, .a group of six
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    • 214 4  -  By CHEW XIANG KEPPEL Offshore Marine (Keppel O&M), through Keppel Fels, has secured a Brazilian contract worth US$27O million totiesign and build a drilling rig. The semi-submersible rig order from drilling contractor Queiroz Galvao Perfuracoes is Keppel O&M's first to be deployed in Brazilian
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    • 262 4  -  By CHEW XIANG ACHIEVA, which distributes and sells IT and electronic products, yesterday announced a first-half net profit of $1.66 million, up 23 per cent year-on-year. Earnings per share rose 22 per cent to 0.33 cents up from 0.27 cents. Revenue fell 5 per
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    • 148 4 SINGAPORE Press Holdings (SPH) has bought back 1.21 million shares from the open market for a total of $4.7 million. The media group bought the shares for $3.88 each yesterday the same price as the counter's closing price on Friday. Yesterday's buy-back is SPH's second
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    • 581 5  -  Morgan Stanley did not quantify future value of GEH: UK fund manager By GENEVIEVE CUA A UK-BASED minority shareholder in Great Eastern Holdings has taken issue with the recommendation of the independent adviser on the cash offer for GEH by OCBC,
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    • 396 5  -  By SAMUEL EE YHI International is on a roll with its tyre distribution business accelerating to post an 86.7 per cent jump in net profit to $11.0 million for the second quarter ended June 30, 2006. Second quarter turnover grew 19.2 per
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    • 329 5  -  BY WEE LI-EN AIRPORT logistics systems provider Inter-Roller Engineering reported record turnover and profit after tax for the first half. It also declared a Q2 one-tier tax-exempt dividend of 1.5 cents a share based on its higher number of post-share split
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    • 341 5  -  By JEAN CHUA SGX-LISTED Macquarie International Infrastructure Fund (MIIF) has reported a better-than-expected net income of $45.6 million for the first half of the year and will be looking to boost its investments in Asia to more than half of its
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    • 502 7  -  Rig refurbishing and leasing business proves lucrative By TEH HOOI LING KS ENERGY Services is on a roll. Yesterday the group, which provides capital equipment and parts to the oil and gas industry, reported an 83 per cent jump in its first
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    • 424 7  -  By OH BOON PING EVEN though full-year net income is expected to be lower, Hi-P International said it will benefit from a strong pipeline of new wireless telecommunications projects and a cut in overseas headcount. At a results briefing yesterday, the company
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    • COMPANY BRIEFS
      • 47 7 HYFLUX has penetrated the Indian market, saying it will invest in a 15,000 cubic metres/day high grade industrial water plant at Hebbal, Bangalore. The project value is $17.1 million and the treatment plant will provide high grade water to industries.
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      • 30 7 WILMAR International shares resume trading today. The company said yesterday that its compliance placement of 375 million shares has been well received by institutional investors.
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      • 55 7 SINCERE Watch said that net profit for its first quarter ended June fell 63.9 per cent year-on-year to $2 million. This was due to an unrealised foreign exchange gain of $4.5 million, against a gain of $4.5 million previously, said Sincere. Revenue grew 16.6
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      • 51 7 PROPERTY company Chip Eng Seng's net profit for the first six months of 2006 fell 58.3 per cent to $2 million due to timing differences in the recognition of revenue and profit from development projects. Revenue grew 30.4 per cent to $77.1
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      • 38 7 ASIA Water Technology's net profit for the half year ended June 30 grew 34.2 per cent to 21 million yuan ($4.15 m). Revenue rose 7.3 per cent to 171.1 million yuan.
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      • 36 7 OAKWELL Engineering announced yesterday that net profit for the six months ended June 30 climbed 61.3 per cent to $1.3 million as revenue grew 39.4 per cent to $70 million.
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      • 32 7 SURFACE Mount Technology (Holdings)'s first quarter net profit fell 24.9 per cent to HK$2l.l million ($4.3 million). Revenue rose 14.7 per cent to HK5703.3 million.
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      • 31 7 ADVANCED Holdings' net profit for the six months ended June 30 fell 43.1 per cent to $1.2 million, while revenue declined 15.3 per centtoslo.4million.
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      • 38 7 MFS Technology reported yesterday that net profit for its third quarter ended June 30 fell 84 per cent to $1.04 million. Revenue also fell by 8 per cent to $71.9 million.
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      • 50 7 CHINA Food Industries warned it will provide for the potential loss of about $8.8 million for the half year ended June 30,2006. The board will be conducting an internal review and may consider appointing an external auditor to assist in the review, if necessary.
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      • 36 7 SEMBAWANG Kimtrans' net profit for the six months ended June 30,2006 hit $34 million, compared to $7.81 million a year ago. Turnover rose 28 per cent to $53.24 million.
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      • 37 7 LAFE Technology Limited yesterday reported net profit for the second quarter ended June 30, 2006 rose 24 per cent to US$2.5l million. Revenue rose 15 per cent to US$lB.BO million.
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      • 20 7 AZTECH Systems was conferred the International Headquarters Award from the Economic Development Board yesterday.
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    • 329 7  -  By JEAN CHUA CHINA Milk Products Group has reported a 58 per cent jump in first-quar-ter net profit, as it sold more pedigree bull semen, a product which gave it higher margins. China Milk, which produces bull semen, cow
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    • 219 7  -  By OH BOON PING DESPITE a drop in revenue, Tele Choice International, a provider of telecommunications services and solutions, posted a 16.5 per cent rise in net income to $4.1 million for the three months ended June 30. Sales during the quarter dropped 15
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  • Page 4 Advertisements
    • 259 4 Australian Portfolio APWprovides: Wines offers astute Expert advicd on wine investors the investment opportunity to invest Access to top established r J and emerging investment in premium dnd cult wine brands K V Australian Wines, Three years of professional including many limited-volume f cellaring and insurance for labels with a
      259 words

  • Page 5 Advertisements
    • 705 5 wilmar WILMAR INTERNATIONAL LIMITED (Incorporated in Singapore on 14 August 1999) (Company Registration No. *****4785Z) OFFER AND INTERNATIONAL PLACEMENT OF 375,000,000 ORDINARY SHARES (THE "PLACEMENT SHARES") IN THE CAPITAL OF WILMAR INTERNATIONAL LIMITED AT SSO.BO PER BHARE TO INVESTORS, INCLUDING INSTITUTIONAL AND OTHER INVESTORS IN SINGAPORE, SUBJECT TO THE OVER-ALLOTMENT
      705 words
    • 98 5 This announcement appears as a matter of record only August 2006 wilmar WILMAR INTERNATIONAL LIMITED (Incorporated in Singapore on 14 August 1999) (Company Registration No. *****4785Z) I OFFER AND INTERNATIONAL PLACEMENT OF 375,000,000 ORDINARY SHARES (THE "PLACEMENT SHARES") IN THE CAPITAL OF WILMAR INTERNATIONAL LIMITED AT Sso.Bo PER SHARE TO
      98 words

  • SINGAPORE MARKETS
    • 550 6  -  STOCKS Investors reckon that some high-flying stocks may not measure up to expectations TEH HOOI LING Senior Correspondent AS THE results season draws on, investors are bracing themselves for a possibility of some of the high-flying stocks falling short of expectations. Already, there have been
      Source: Bloomberg  -  550 words
    • 1032 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Aug 7 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell 000 Shr ('000) ('000) Boustead S'pore 7-Aug-06 Wong Fong Fui Buy 2400 1.30 ***** 26.68 ***** 27.63 Vrta Hldgs 4-Aug-06 Chong
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    • Article, Illustration
      920 6  -  Compiled by UMA SHANKARI Singapore Land A»| 7 dose: SS&4S OCBC MVESTRUVT RESEARCH, Aug 7 SINGAPORE Land (Sing Land) has reported its 2Q06 results with net profit down 9 per cent year-on-year to 5525.8 million, on the back of a 38 per cent year-on-year improvement in sales to
      Source: Bloomberg  -  920 words
    • 559 6  -  CURRENCIES LARRY WEE Senior Correspondent A SOGGY outcome for US jobs last month delivered yet another blow to the US dollar on Friday, exactly one week after US second-quar-ter growth in GDP came in well under expectations at 2.5 per cent.
      Source: Reuters  -  559 words

  • Page 7 Advertisements
    • 113 7 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
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    • 78 7 |fl& JhHb v- 9 CS Grow, evolve and empower your business get funding, explore opportunities and experience the latest innovations. Connect with like-minded entrepreneurs 14,000 participants from over 60 countries. Be inspired by global leaders, tap their winning strategies over 30 conferences. 30 Oct 2 Nov 2006 Suntec Singapore International
      78 words

  • SINGAPORE NEWS
    • 415 8  -  Online scheme will help alert consumers to identity theft By WEE LI-EN CONSUMERS will soon be able to get information on their credit records online like credit providers by using their Sing Pass to authenticate their identification. The scheme, to be launched by Credit
      FILE PHOTO  -  415 words
    • 351 8  -  By MELISSA LWEE ASIAN corporations are taking a more hands-on approach when it comes to charity work, a CEO forum in Singapore was told yesterday. Instead of simplying donating money, many companies are sending their employees abroad to take an active role in
      351 words
    • 215 8 TMC Education Corporation said yesterday that Monash University with whom it had a agreement which allowed the Singapore education provider to offer Monash courses has decided not to enroll any further students for the courses. The change took effect yesterday. Monash and TMC have
      215 words
    • 524 9  -  Aussie, Qatar gas fields identified as sources for Singapore facility By RONNIE LIM FOUR Australian gas fields and one in Qatar have been identified as the top five potential LNG suppliers to Singapore, says a Tokyo Gas Engineering (TGE)-led consortium that is advising
      REUTERS  -  524 words
    • 336 9  -  By EDDIE TOH IN A surprise move, the Government of Singapore Investment Corporation (GIC) has emerged as a substantial shareholder ofPantai Holdings a listed medical group that has been the subject of political scrutiny in Malaysia. GIC recently acquired more than one million
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    • 55 9 SINGPOST is issuing a set of four stamps to commemorate this year's National Day. On the stamps are pictures of skyscrapers, youths, the container port and multi-cultural dances, to reflect the theme of this year's National Day Parade. "Our Global City, Our Home". The stamps
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    • 220 9 OLDER and unskilled workers remain the target group for the government, said Manpower Minister Ng Eng Hen yesterday at the Ministry of Manpower's National Day observance ceremony. Dr Ng told union leaders and civil servants that while last year's strong employment performance has
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  • Page 8 Advertisements

  • Page 9 Advertisements
    • 10 9 IB I ■■■flfc ■■■■■■I sag M I The Business Times
      10 words
    • 67 9 "The Citigroup Private Bank" is a business of Citibank N.A. or Citigroup Inc., which provides its clients access to a broad array ot products and services available through bank and non-bank affiliates. Not all services and products provided by ad affiliates are available at ail locations. For more information, contact
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  • SMEspotlight
    • 843 10  -  Founder Clarence Tan tells CHEW XIANG what he learnt from his previous setback and how he plans to grow his newest baby CHEW XIANG THE story of Clarence Tan is a powerful parable of those madcap days when the dotcom boom was careening ahead at full
      YEN MENG JIIN  -  843 words
    • 895 10  -  Kenetics tailors a one-stop RFID solution for customers By KRITI SINGH "WE are using technology to enhance efficiency," said Ken Wong, president and CEO of Kenetics Innovations Pte Ltd when asked to explain his company's main aim. Kenetics is a regional leader in security and risk management,
      YEN MENG JIIN  -  895 words
    • 312 11  -  By TEH HOOI LING STOCKS in our small-cap portfolio turned in a mixed bag of performance, but with losses slightly exceeding overall gains. Consequently, our portfolio slid 0.9 per cent. This compared with a gain of 0.9 per cent for the UOB Sesdaq Index and a 0.6
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    • 970 11  -  SMALL CAPS Strong demand for consumer electronics products such as DVD controllers, digital set-ups and LCD panel TV sets will boost earnings for the semicon testing service provider, writes NANDE KHIN NANDE KHIN GLOBAL Testing Corporation (GTC) is counting on strong demand for consumer electronics
      970 words
    • 979 12  -  Operating an international franchise is highly challenging. CHARLOTTE YEN and KEOY SOO EARN look at what is involved CHARLOTTE YEN, KEOY SOO EARN HAVE you been thinking about expanding your business overseas? Or you may know of business owners who had opportunities presented to them by
      FILE PHOTO  -  979 words
    • 5614 12 UNIT TRUSTS FUNDS AB Amer Income A EUR 6.61/ AB Amer Income I EUR 6.61/ y *■■»*■*Ml(yppf) AtEuroptomeOpp *T SGOIZ~~'ZZ~ 1&11/ SwEuroptbfirt" 0.947/ AB Europ Income Opp AT EUR 7.46/ Star Europe Bond 1.111/ Euro hcome Oop BT EUR 7.4* Star Europe Bai 1.177/ Jg Euro? tarn Opp A flw
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  • Page 10 Advertisements
    • 992 10 NOTICES Wl (Company Regtotatiuri No. *****5164G) ■HHiicil (Incorporated In toe Repubtic of Singapore) NOTICE S HBOY GIVBJ that toe Second Annual General Meeting of SCORPIO EAST HOUXNGS LID. be held at 6 Harper Road #02-01, Laong Huat BuMing, Singapore *****4 on Monday, Auguet 28,2006 at 11.00 am tor toe toNowlngpurpoees:AS
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  • Page 11 Advertisements
    • 98 11 %^-Bp I |^j^| the Business times Micromanias v 'Y'ui. Wr AlJPf*' W JUI- V X SSe X Do you pore over every single detail, worrying about the 'what its' and the 'buts' when it comes to growing your business? UPS can help take your mind off the small details and
      98 words

  • Page 12 Advertisements
    • 34 12 E> A AllianzGI RCM Global Twin-Focus Fund a fund that offors you twin benefits AlliatlZ (fil) v of potential quarterly payouts and limits possible downside. Visit OCBC Bank for Global investors^ more details. (ohiimiivukhihiwiwim
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  • ECONOMY WATCH
    • 970 13 While Treasury bond traders rejoice, the stock market is on edge LATWP UNLESS Federal Reserve policymakers want to risk triggering the equivalent of a major earthquake in global financial markets today, they will halt their two-year-long credit-tightening campaign. But the glee that the idea
      LATWP  -  970 words
    • 605 13 Foreign investors fear backlash as officials voice protectionist issues Reuters [BElJlNG] China is becoming more choosy about foreign investment as policy makers worry that excessive capital spending could send the world's fourthlargest economy spinning out of control. Now that it sits atop
      Reuters  -  605 words
  • Page 13 Advertisements
    • 78 13 iH Wwm BraPlKlYl 111 ?jjj* d BHBSHRBr I *t f R Make critical business decisions with an accurate overview I tr I mm fH Possess adequate knowledge to accommodate changes in jjM l today,S aggrBSS ve business environment and retain your b -i® 1 11 ,l SW HBI 29 I
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  • MALAYSIA/INDONESIA
    • 516 14  -  It gives customers up to RM 100.000 at marginally lower rates By PAULINE NG in Kuala Lumpur SINGAPORE'S OCBC Bank is launching a new flexible financing option in Malaysia that will offer qualified customers up to RMIOO.OOO (5543,340) in non-collateralised cash at rates marginally lower
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    • 217 14 Reports reckon RM600m withdrawn suffered loss AP [KUALA LUMPUR] The Malaysian government ordered the country's main pension fund to tighten guidelines for people to make withdrawals yesterday following reports that some Malaysians incurred huge losses after putting their savings into bad investments. Prime Minister Abdullah
      AP  -  217 words
    • 611 14 Bloomberg [KUALA LUMPUR] A smoke haze over Malaysia from forest fires in Indonesia and Borneo could worsen because tropical storms gathered in the region may trigger strong winds and dry weather, the Malaysian weather office says. The winds are expected
      Bloomberg; AFP  -  611 words
    • 348 14 Reuters [JAKARTA] US oil major ConocoPhillips is expected to produce natural gas in 2010 from its working area of block A in Indonesia's Aceh province, mines and energy minister Purnomo Yusgiantoro said yesterday. Indonesia, Asia Pacific's only Opec member, which has far more gas
      Reuters  -  348 words
    • BRIEFLY ASIA
      • 67 14 AP [KUALA LUMPUR] Malaysia will plan new policies to monitor hill slopes and prevent landslides that have killed dozens of people in recent years, officials said yesterday. Works Minister Samy Vellu said a National Slope Master Plan would be completed by 2008
        AP  -  67 words
      • 65 14 AFP [BEIJING] Chinese officials can no longer appoint their spouses, children or other close relatives to senior positions on their staff, state media said yesterday, citing new regulations. The rules, issued by the ruling Communist Party, bar both government and party bureaucrats from hiring
        AFP  -  65 words
      • 52 14 Bloomberg [BEIJING] China may consume 5 per cent more crude oil this year as growth boosts demand and reliance on imports of the fuel increases, the government said. Oil use may increase to 320 million metric tons this year, the Ministry of
        Bloomberg  -  52 words
      • 66 14 Reuters [JAKARTA] Indonesian police said yesterday that the government had banned Islamic militants from travelling to the Middle East or elsewhere to fight Israel. The comments came after the self-styled head of the Jakarta-based Asean Muslim Youth Movement said more than 200 militants had
        Reuters  -  66 words
    • 2270 14 V* General Corp .0.60 0.01 110 tag7 KM W- rOQO) Genting 2450 -0.10 184 George Kent .0.49 unch 7 A M Realty MS -0.05 25 GHL Systems 521 -0.01 859 Abnc 533 unch 0 Globetron.cs Tech .030 -0.01 659 ACPInductries .057 -0.01 145 GlomacBhd 1.18 -0.01 135 Advance
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  • Page 14 Advertisements
    • 50 14 0$ jr Gem n t th e Jewels Trendsetting Chinese Cuisine Exquisite Dinner Menus from $48+++ Reservations: 6877 8188 J A D 1$: The Fullerton Hotel Hospitality Asia Platinum Awards 2004-2005 Restaurant of the Year Best Chinese Cuisine Restaurant Wine Dine Top Restaurants Singapore Tatler Best Restaurants Lok Group\ vww.tunglok.com
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  • Page 15 Advertisements
    • 4958 15 :*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg l BUY IT SELL IT FIND IT SINGAPORE REINSURANCE CORPORATION LIMITED (Company Registration No. *****0016 C) SUMMARY ANNOUNCEMENT OF UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2006 GROUP (I) Key Unaudited Financial Flgurea (SS'000) let Helf Ist Half lncr/(decr) 2006 2005
      4,958 words
    • 165 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF KANEKO (ASIA) PTE LTD (In Members' voluntary Liquidation) Reg. No. *****6876 D NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
      165 words

  • GREATER CHINA
    • 539 16 If it does, it will be the first H-share to be a constituent stock of the index [HONG KONG] China Construction Bank (CCB), which raised US$9.2 billion in a Hong Kong listing last year and has Singapore investment company Temasek Holdings
      BLOOMBERG  -  539 words
    • 311 16 [BEIJING] China's securities regulator will grant the first margin trading licences to domestic brokerages within the month as reforms accelerate and the market prepares for the introduction of more sophisticated financial products, says a report in the South China Morning Post. Citic Securities,
      311 words
    • 257 16 Bloom berg [BEIJING] Chinese regulators will subject the country's banks to intensified checks in a bid to "strictly control the valves of credit". a top banking official said in remarks released late on Sunday. Jiang Dingzhi, vice chairman
      Bloom berg  -  257 words
    • 441 16 Reuters [SHANGHAI] More than 100 billion yuan (Ss2o billion) of fresh bank equity could hit the mainland stock exchanges mostly Shanghai over the next 18 months, analysts estimate. That could raise banks' share of the value of the domestic stock markets
      Reuters  -  441 words
    • 514 16 Shares soar 21.6% to HK$4.95 on buyout hopes Reuters [HONG KONGI Shares of Giordano International Ltd surged up to 21.6 per cent yesterday, as the stock resumed trading after the bargain fashion chain confirmed it had been approached by suitors Fast Retailing Co Ltd.
      Reuters; FILE PHOTO  -  514 words
    • 252 16 Bloomberg [BEIJING] China, the world's second-largest energy user, plans to shut projects that pollute the Bohai Sea to protect the environment. China wants at least 80 per cent of waste discharged in the Bohai area, in the country's north, to be treated
      Bloomberg  -  252 words
  • Page 16 Advertisements

  • INDIA
    • 397 17 It reckons 40% of revenues will come from its enterprise arm after 2007 [NEW DELHI] Looking beyond the voice segment, the country's largest mobile operator, Bharti Tele-Ven-tures is in talks with about 10 global long distance carriers for bilateral agreements for its enterprise
      397 words
    • 391 17 Bloomberg [NEW DELHI] Carlsberg A/S, which makes the Tuborg and Baltika brands of beer, is considering setting up a unit in India to sell its brew in the world's secondmost populous nation, a market vacated by Foster's Group Ltd last week. Carlsberg
      Bloomberg  -  391 words
    • 486 17 The Economic Times [NEW DELHI] India Inc is fast losing its corner-room stickiness. And we are seeing the rise of a breed of restless honchos with fast-declining longevity in companies. Gone are the days when a top management executive boasted of his
      The Economic Times  -  486 words
  • Page 17 Advertisements
    • 276 17 .i■ r .I-? 2 *s si? mhm I WMBg|M^Kpi^SM^^M "'i [i i 'ill"" iiiiMW«*»«»HB»^^ A NHoi >-' H RHf J V ®ssj9* fl HE^sf~ V 1 r SM3HBL i H 3 11 am to 2:3opm (Moo-S«0 y I(fc3oam to ib3opm (Buf»-PH) &i fi %PS?!SBESWB3iKI^SESIB|I^PBBBSB®M3r^NS^^^^P^^I 76 Bras Dm* Road Singapore *****8
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  • ASIA-PACIFIC/WORLD
    • 605 18 Talks fail over fees for rivals to access high-speed fibre network Bloomberg [SYDNEY] Australian teleco Telstra Corp yesterday scrapped plans to build a As3.l billion (553.7 billion) high-speed Internet network after failing to agree with the competition regulator on access fees for rivals. Talks with
      Bloomberg; BLOOMBERG  -  605 words
    • 436 18 Reuters [NEW YORK] A further spike in oil prices resulting from a broader Middle East conflict would drag the slowing US economy into recession more easily now than a year ago. Standard Poor's said yesterday. The credit ratings agency said it believes the
      Reuters  -  436 words
    • 433 18 Bloomberg [TOKYO] Mitsubishi Corp has become the biggest shareholder of Hokuetsu Paper Mills Ltd as the paper manufacturer seeks to thwart a US$l.4 billion hostile takeover by bigger rival Oji Paper Co. Mitsubishi, Japan's biggest trading house, yesterday bought 50 million new Hokuetsu shares for 30.4
      Bloomberg  -  433 words
    • 581 18  -  By OUR CORRESPONDENT in Bangkok IN WHAT could be another problem for Thailand's caretaker Prime Minister Thaksin Shinawatra, the country's AuditorGeneral's office has asked the Finance Ministry to explain why the sale of the Shinawatra family's Shin Corp stake to
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    • 342 18 Reuters [SEOUL] Hyundai Motor Co, South Korea's top auto maker, posted a worse-than-expected 37 per cent drop in quarterly net profit on weaker domestic sales. It was also hit by a strong local currency and high raw material costs. However, operating profit
      Reuters  -  342 words
    • WORLD WATCH
      • 52 18 AFP [LONDON] Rupert Murdoch is to launch a free London evening newspaper, to be called thelondonpaper, on Sept 18. The paper will break the monopoly on London evening titles held since 1980 by the Evening Standard, published by Associated Newspapers. Free newspapers make inroads in Europe,
        AFP  -  52 words
      • 87 18 Bloomberg [LONDON] Deutsche Boerse AG, operator of the Frankfurt stock exchange, said its offer for Euronext NV is more valuable than one from NYSE Group Inc and called for "equal footing" when shareholders vote. Frankfurt-based Deutsche Boerse said its offer values each Euronext share
        Bloomberg  -  87 words
      • 72 18 Reuters [BALTIMORE] The US Energy Department yesterday unveiled rules that spell out how the government will dole out up to US$2 billion in loan guarantees for novel clean energy-producing concepts like wind and solar. Projects eligible for the funds, set aside by energy
        Reuters  -  72 words
      • 59 18 Reuters [FRANKFURT] Europe's biggest telecoms group Deutsche Telekom could be forced to cut its 2007 forecasts later this year after tough markets and a weak showing at its US mobile unit push second-quarter earnings lower. It is expected to post a 3 per cent
        Reuters  -  59 words
  • Page 18 Advertisements
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  • WORLD
    • 498 19  -  Mid-East crisis, oil price hike fuel selling by investors, say traders By NEIL BEHRMANN in London CONCERNS about the Middle Eastern crisis, oil price surge, inflation, rising interest rates and an eventual global economic slowdown, have precipitated sizeable outflows of funds from
      498 words
    • 712 19 Buyout fund pays up to US$300m for 40% stake NYT [NEW YORK] Since the death in 1990 of the legendary publisher Malcolm S Forbes, his four sons and a daughter have sold his cherished assets here and there his private jet, the
      NYT  -  712 words
    • 624 19 Reuters [PARIS] With growing public concern about global warming, the green buzz is everywhere, and for JCDecaux it's starting to pay off. Europe's biggest outdoor advertising company is installing solar-powered bus shelters in Los Angeles, collecting rain water to wash street
      Reuters  -  624 words
    • 530 19 ConocoPhillips to return oilfields in 2007 after 45 years Reuters [DUBAI] Dubai has joined those oil producers tightening their grip on energy assets, with a deal to take control of its offshore oilfields. The Gulf Arab emirate will take over the fields
      Reuters  -  530 words
    • 448 19 Bloomberg [NEW YORK] Kohlberg Kravis Roberts Co's (KKR) purchase of Royal Philips Electronics's semiconductor unit last week ended a 10-day stretch of U5546.7 billion worth of deals, almost a fifth of all leveraged takeovers this year. The world's biggest buyout firm
      Bloomberg  -  448 words

  • AVIATION
    • 659 20 Still struggling to regain customers lost to ANA on domestic routes Reuters [TOKYO] Japan Airlines Corp (JAL), Asia's fourthbiggest airline by market value, reported a hefty quarterly loss yesterday as increased fuel costs wiped out boosts from surcharges and restructuring of international
      Reuters; AP  -  659 words
    • 252 20 AFP [BANGKOK] Flag carrier Thai Airways International will move all its domestic flights to Bangkok's new international airport on Sept 15, two weeks ahead of the official opening, officials said yesterday. Prime Minister Thaksin Shinawatra ordered the new
      AFP  -  252 words
    • 483 20 It is first China firm to do so because of weak demand Bloom berg [BEIJING] Air China Ltd. the nation's largest international carrier, will cut its domestic share sale by about 40 per cent to 4.5 billion yuan (SsBBB.B million) amid
      Bloom berg  -  483 words
    • 206 20 AFP [BEIJING] China's Shenzhen Airlines has hired 40 Brazilian pilots, one of the largest foreign batches to be employed in the Chinese aviation industry, state media said yesterday. They will be paid triple the salary of Chinese pilots, which amounts to a little more
      AFP  -  206 words
    • 2244 20 CUT BIHT ETA FUSWT HP EK404 1405 MS9492 2335 EK348 1650 NZ4354 2335 «MMi LH9771 1750 AF8088 2215 W^ 34 1£® 2335 SQ230 1750 BA7382 2215 I* 432 AF8067 1850 Of82 2215 TTSHT BA7381 1850 LH9770 2345 m**t AC9951 0635 LH6765 1350 QF81 1850 SQ229 2345
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  • Page 20 Advertisements
    • 151 20 r-rn r r- rr rn —nr -i r iMiiMiw«ip)wißiiwii>iwiii iiiiwi»iwii^mi»iwiw»«mb| BT/ZUJI Deals of the Week lE^RVIILIhHMB^HH 1 .Bp ;»|Baig|| r ..v BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Kuching j $366 $138 $25 i Silk Air Malaysia Airlines DSHNAnOWS BUSINESS CLASS (from S) ECONOMY CLASS (from S) HOTEL from
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  • Page 20 Miscellaneous
    • 235 20 CRYPTIC CROSSWORD 4 A drawer of 17 Painfully noisy in the grain di- __JBBL_jBB>_JBBL_JBB__JI^B__M vision (3-9) l[^H 20 Introduce objectives to for the hunt to live within its income 23 A44)d t be It ted —M ——M —M the point (5) 25 In which I combine style and elegance (4)
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  • SHIPPING
    • 521 21  -  It will expand its Dominican Republic port and eyes Greek transshipment hub By DONALD URQUHART [SINGAPORE] While still busy integrating its recently acquired P&O terminal network, Dubai Ports (DP) World remains on its steady course of global expansion with a US$2OO
      REUTERS  -  521 words
    • 353 21 Fees track fleet expansion while costs rise modestly Anderi mar Shipping News [LONDON] Tsakos Energy Navigation reports net revenue less voyage expenses of U*****.88 million in the six months to June, up from U*****.52 million in the same period last year. Partly the
      Anderi mar Shipping News  -  353 words
    • PORT SHOTS
      • 96 21 Reuters [SHANGHAI] Shanghai International Port (Group) is likely to buy a minority stake in a container terminal in Zeebrugge, Belgium, company officials said yesterday. AP Moeller-Maersk has agreed in principle to sell a stake in the terminal, but the size and price are
        Reuters  -  96 words
      • 63 21 Bloomberg [MANILA] International Container Terminal Services Inc, the largest port operator in the Philippines after the government, said second-quarter profit rose 16 per cent as it handled more cargo containers overseas. Net income rose to 477 million pesos (5514.6 million) from 411 million pesos
        Bloomberg  -  63 words
      • 70 21 Reuters [DUBAI] The US$24B million IPO of United Arab Emirates shipping firm Gulf Navigation Co has been around 30 times oversubscribed, sources close to the deal said yesterday. The offer of 910 million ne\v shares at one dirham each closed later yesterday, having opened
        Reuters  -  70 words
      • 65 21 Bloomberg [JOHANNESBURG] Ships have been turned away from South African ports because of a shortage of fuel due to the scheduled shutdown of two coastal oil refineries, Business Report said. The shortage has pushed up marine fuel by US$4O to about US$3BO a
        Bloomberg  -  65 words
    • 481 21 Reuters [SINGAPORE] Rates for oil tankers carrying clean fuel from Asia to the United States rose yesterday and may climb 15 per cent soon on expectations that BP's closure of its Prudhoe Bay oilfield in Alaska, the biggest in the US, will
      Reuters  -  481 words
    • 240 21 Xinhua [PHNOM PENH] A master plan for a navigating system along Mekong River has been reached between Cambodia and Belgium, local weekly newspaper Business Press reported yesterday. The plan is to form a legal navigating framework acceptable to the countries along the Mekong River and
      Xinhua  -  240 words
    • 278 21 mm- m Aug 7 S$ W- Vol CH Offshore .035 -0X12 3S Chum Hup .0.33 unch 769 Cosco Corporation 1.49 -0.02 3S22 CWT Distribution 0.62 inch 136 EzraHkta. 230 unch 283 0j07 inch 729 Grand Banks Yact* .0.92 -0.01 37 Java Holdings 136 unch S23 K1 Venture ..J)
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  • Page 21 Advertisements
    • 41 21 I LJ5 y get a Leading Edge j t Your sailing schedules get wider attention in The Business Times shipping pages Bernard Ong at 6319-1645 or Michael Chng at 6319-2062 1 s«K »WiW' Mm&MWMmM V v* "V M IHIHWH w^ivHswwwiauidMwrf 1
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  • EDITORIAL & OPINION
    • 517 22 EDITORIAL ONE thing is certain: the coming US mid-term elections are going to be anything but boring. At stake will be the control of the US Senate and the House of Representatives in which the Republicans enjoy a slim majority now. With public opinion polls
      517 words
    • 1283 22  -  Europeans read 19 million out of about 28 million free papers distributed worldwide By I ERIC PFANNER NYT WHEN Metro International, a publisher of free newspapers, moved into France in 2002, established competitors cried foul, and some of their workers took to the streets.
      NYT; BLOOMBERG  -  1,283 words
    • 767 22  -  THE BOTTOM LINE HARISH MEHTA THE United States Department of Agriculture (USDA) has long been at odds with many health-conscious consumers over its reluctance to test US cattle for mad cow disease. So it came as no surprise when the USDA announced last
      767 words
    • 1353 23  -  Despite stiff resistance to the Doha agenda for five years, there have been powerful gains in world trade in the same period By STEPHEN ROACH TOO much has been made of the apparent failure of the Doha Round of trade liberalisation. It does not spell
      AP; Source: AF, Morgan Stanley Research  -  1,353 words
    • 742 23  -  By PAUL KRUGMAN NYT THESE are the dog days of summer, but there's a chill in the air. Suddenly really just in the last few weeks people have starting talking seriously about a possible recession. And it's not just economists who seem worried. Goldman
      NYT; AP  -  742 words
    • 577 23  -  LETTER TO THE EDITOR Prof Lim Chong Yah Albert Winsemius Chair Professor of Economics Nanyang Technological University I WOULD like to react to the excellent and thought-pro-voking article by Malcolm Borthwick on IMF reform (BT, Aug 3). True, the voting system in the IMF
      577 words


  • 10536 24 SGX MAINBOARD S2-*k Tel Last Vol Day Last Quote GrtMv Mv GrYtd Not MCap Wgfc Uwt Codo Company Sale w- ("000) HWi low —yor So»or CV Pit W 4 1 5716 1st Software 5t 2.5 unch 200 2.5 2.5 2 2.5 to 1 115 6 3148 gTetecom US2c
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  • Page 24 Advertisements
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  • 6185 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In US$ dy yr %dy yr %dy *yr Au 9 4 Index Change Change Change Change Change Change World Index Preliminary 995.6 0.5 2.7 0.5 0.7 0.9 6.5 t EAFE Preliminary 9994 0.6 2.7 1.1 47 1.5 10.7
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  • Page 26 Advertisements
    • 1161 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination EVGENIA RDM/ATW/ BMN /TLB/ NAN SEAFRIEND CAM/NFK/SAV/NOL HANJIN PENANG lAX/VCW/MZL Loads Singapore, E./W. Malaysia, Indonesia A Loads E./W. Malaysia, Indonesia MIDOLE-EAST SERVICE F.E./S.E.A. SERVICE Destination PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN GLOBAL MOKPO DBI/ABU/DOH/BRN/DMM/KWT PAN DYNAMIC JDH/AQA Loads
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    • 108 26 As Agents: Star ship Agencies (MAI) Pie Ltd CI NO. **********0H No. 1 Stanton Way, #11 07/08, 5106M03) Operator Code: EC feimi Ivotlm Imnn mamanaai uusis u/M uammmm mum nm vm w» »/m »/w a/n itwousmoh nr i\m auranm* us* »m n/» n/w «/m »/m »/m »/w ASIA STJUt in)
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  • Page 27 Advertisements
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    • 957 27 WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN tCD POINTS VBSa VOT SW PJUANO tOUHMO N.SWVA CtXOWO HOWUH HIDGE 0054W 09 AUG 10 AUG 13 AUG !AA|!fi 2WUS KOTAPEKWIU YPWOO9 IS AUG It AUG 19 AUG 7? AUG 26 AUG INDIRA GANDHI 01 OiW 72 AUG 23
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 5170 28 This ETA HA *<vwtlwi VhmI Voy«9* Telephone ETA ETA Advertker Vessel Voyage Telephone S» ,De»r» llMBI HmmNumber v Number SIN Desfn Name Name Number MMber 23/08 15/09 ChinaShpg BUNGA MAS 12 063W *****698 H> ABIDJAN (ABJ) 2003 Cot® D'lvoire 2AIM 12/09 China Shpg MERIAN
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  • PROPERTY
    • 465 29  -  Rises for Q2 2006 at 13.5% q-o-q and 44.4% y-o-y, says JLL By ARTHUR SIM TIGHT supply of prime office space in Singapore continues to push up rentals, with latest figures from Jones Lang LaSalle (JLL) showing an increase of 13.5
      AFP  -  465 words
    • 351 29  -  By AL LABITA in Manila ROBUST earnings of operating units led by a joint venture with Singapore Telecom almost doubled the first-half after-tax profit of listed Philippine conglomerate Ayala Corp. In a statement yesterday to the Philippines Stock Exchange, the company said net income
      351 words
    • 400 30 New policy will regulate overseas institutions and individuals Xinhua [BEIJING] China's new policy on overseas investment in the property sector aims to shut the gates on hot speculative money from overseas, a spokesman for the Ministry of Construction said here yesterday. "China's land resources are
      Xinhua; AFP  -  400 words
    • 408 30 Reuters [SHANGHAI] China Vanke Co Ltd. the country's biggest listed property developer, yesterday said it had taken over smaller rival Narada Real Estate Co in a deal that could herald a wave of consolidation in the sector. Vanke said it had bought 60 per
      Reuters  -  408 words
    • 342 30 Reuters [LONDON] London's landmark Covent Garden market piazza, including the market itself, has been sold for £421 million (551.26 million), the joint owners of one of the city's biggest tourist attractions said yesterday. Capital Counties, a subsidiary of Liberty International pic, bought 31
      Reuters  -  342 words
  • Page 29 Advertisements
    • 91 29 PRIME FACTORY FOR SALE BY TENDER Address 118 Pioneer Road Description A 4-storey factory/warehouse bldg with mezz. office basement carpark Tenure JTC 30 yrs from 1 Jan 1996 Land area approx. 173,225 sq ft GFA approx. 426,866 sq ft Tender Closing 7 Sept 2006, 3pm For tender document, please contact;
      91 words
    • 305 29 LUXURY RESIDENTIAL DEVELOPMENT SITE: GRANGE TOWER Short walk to Orchard Road yTf "iSST Site Area approximately w Mew 53,257 sq ft "T/ls- Freehold Plot ratio 2.8 36 store y s m^mm No development charge i t" payable mm. n Unobstructed views of I /—WM Orchard Road area mrnrnnMmmm <*- —i
      305 words
    • 152 29 Supermarket COSTA SANDS LOYANG HOLIDAY IKEA resort resort loyang GIANT MTUC sandy water LODGE Cinepiex downtown lqyano palS» mm mm EAST 0 C T m M U RfSORT g M iTl"** 1 PA mrt ß S gj Pasir Ris New Town Devt Zone Few mins to NTUC Downtown Plot Ratio
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  • Page 30 Advertisements
    • 141 30 Sentosa Cove SIN.GAPORE *iij> V/ All you need to build y° ur own tropical paradise *„.s Presenting The South Cove Collection J J t > By Special Invitation Only For Enquiries An Exclusive Auction of The South Cove Collection ,12 Prime Bungalow Land Parcels Singapore: +65 6531 8501 Hong Kong:
      141 words