The Business Times, 15 August 2006

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Total Pages: 28
1 28 The Business Times
  • 17 1 THE BUSINESS TIMES vth ANNIVERSARY 3b SINGAPORE 85 cents online at .com.sg MICA (0099/03/2006 Tuesday, August 15,2006
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  • 943 1  -  By SIOW LI SEN ISINGAPOREI The three local banks have posted a combined first-half net profit of $3.80 billion almost equal to, full-year 2005's $3.83 billion boosted by one-time sales to comply with July 1 rules. Fuelled by the strong domestic economy
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  • 775 1  -  It wants to attract 2,000 companies and RM2b investments over next 10 years By By PAULINE NG in Johor Barn and MATTHEW PHAN in Johor Baru in Singapore MALAYSIA yesterday rolled out its Multimedia Super Corridor (MSC) Johor Cyberport plan aimed at
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  • Page 1 Advertisements
    • 45 1 confrontation R I'f J L*fij^^x!'« (jwaTyam ■V's. 1 fm\ LrVvl *>' BblJiIMkA V^"; v jgnQl f&TrH I9PV?9IWn."«iUL* f, S^ r '™i fc y^v If* \JNf w^Hj.» J|Mk_ fIU ik '^W^E' 7 "*Th, Hii^d^B ',*1 \*.rags «.«in* itV^mBBMBMMMWIHPIIPIT^^ SME SPOTLIGHT Father knows best at MothercaFe PAGE 10
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    • 13 1 COMMENTARY Creative's window of opportunity PAGE 4 Ml Markets Digest on Page 2
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    • 172 1 TERROR PLOT CORPORATE RESULTS CDL's Q2 profit soars PAGE 4 vulCain MANUFACTURE DEPUIS 1858 "Vulcain Cricket, the world's FIRST MECHANICAL ALARM-WATCH. iSINCE 1947" Golden Voice A NEW DISTINCTIVE SOUND IT RINGS ALWAYS AT THE RIGHT TIME IN THE RIGHT PLACE Unveiling the Golden Voice, a fascinating new chapter in the
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  • TOP STORIES
    • 536 2  -  Led by Minister of State for Health, it will tackle issues of quality and cost By CHEN HUIFEN [SINGAPORE] Amid rising concerns about the affordability of healthcare costs, a high-level committee led by Minister of State (Health) Heng Chee How has been set up
      ASHLEIGH SIM/ST  -  536 words
    • 618 2 Good class bungalow market chalks up more gains THE highest end of the residential property market—good class bungalows (GCBs) continues to improve, with an increase in the number and total value of transactions recorded in the first half of the year. According to a report by Knight Frank
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    • 468 2  -  Demand projected to grow 4.4% a year over next decade By RONNIE LIM [SINGAPORE] With electricity demand here projected to grow at a robust 4.4 per cent annually over the next 10 years, new player Keppel Energy—which is set to commission
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    • 132 2 sn *****0 (-0.13) ST INDEX FUTURES 2,444.00 (+6.00) SIMSO 291.58 (-0.32) SIMSO FUTURES 291.10 (-0.10) MARKETS Monday Change KLSECOMP 946.00 +3.73 NIKKEI 225 15,857.11 +292.09 HANG SENG 17,290.01 440.06 SET INDEX Oostd JAKARTA COMP 1,415.22 +13.03 MANILA COMP 2,327.50 -13% SEOUL COMP 1.295.11 +3.01 SHENZHEN B ***** -312
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    • 625 3  -  Prices up 11.5% in first half of '06; 10% of buyers are PRs: Knight Frank By ARTHUR SIM [SINGAPORE] The highest end of the residential property market good class bungalows (GCBs) continues to improve, with an increase in the number and total
      Source: Realis, Knight Frank Research  -  625 words
    • 496 3  -  By SIOW LI SEN [SINGAPORE] OCBC Bank yesterday proposed a higher interim dividend of 11 cents, up 25 per cent, and again increased its target minimum dividend payout ratio while posting a net profit of $795 million for the second
      ARTHUR LEE  -  496 words
  • Page 2 Advertisements
    • 117 2 eJLocr\r+.e, cveeoLs Kvet 'tyej-ove evei* erases crj- c/an*j-cnrt jpYv\ra.oi^ w-cL thcJi vjM -«v wk JIHk. WL S M A V |JL 5 j J|A I flWi Mr.« K vj l^vlr M J (AUt vvJLQ. veiv/ei^'lyevf Four Seasons Hotel J^zdartiz Rates start at BED BREAKFAST PACKAGE: WHILE staying IN THE US$
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    • 28 2 BT ONLINE 6T print subscribers get free access to the Business Times Online. To activate your account (ogontohttp: //business-times. asia1.com.sg. For more information, e-mail btocsOsph.com.sg or call 6388-3838.
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    • 11 2 people Corporate matchmakers. .-.v. triHpeot »?.it\vo''k coir Asia-Pacific Executive Sea-c h
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  • Page 3 Advertisements
    • 170 3 Choose a global name for your FX trading. The Singapore office of IG Markets is part of IG Group, aUK FTSE 250 company. With over f 4%E\ AA C 1 1 Q 30 years' experience and tens of thousands of individual clients, we are uniquely placed to offer you a
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  • COMPANY NEWS
    • 662 4  -  HOCK LOCK SIEW By WONG WEI KONG CREATIVE Technology has certainly narrowed its losses. But that does not mean it has secured its future. And Creative may not have that much time to get its strategy right; how it deals with the emergence of Microsoft in
      662 words
    • 462 4  -  By DONALD URQUHART FALLING freight rates and mounting pressure from high fuel prices conspired to depress net profit at Neptune Orient Lines (NOL) by 66 per cent in the second quarter, with the group warning that the next 12 months will be "challenging".
      462 words
    • 461 4  -  By MICHELLE QUAH THE lawyer for Sim Ee Tong, the latest person to be convicted in the Accord Customer Care Solutions (ACCS) scandal, made his case yesterday for his client to be spared a harsh jail sentence. Mark Goh, of
      461 words
    • 809 4  -  It says its Jan-Aug 2006 residential sales have already topped 2005 figure By KALPANA RASHIWALA PROPERTY giant City Developments yesterday posted a near doubling of second-quarter net profit to $44.9 million from $23 million due partly to profit booking from The Sail
      809 words
    • 431 5  -  Insurer's products complete bank's platform in wealth management By SIOW LI SEN TAKING Great Eastern Holdings (GEH) private would help OCBC Bank earn more from selling wealth management products to people in Asia, says bank chief executive David Conner. OCBC already owns 83
      431 words
    • 429 5  -  By ANGELA TAN THANKS to one-time gains, Nat Steel Ltd yesterday reported a net profit of $83.03 million for its second quarter ended June 30, 2006, up from $3.76 million a year ago. Nat Steel made a $41.1 million gain after selling a
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    • 360 5  -  By MICHELLE QUAH CEREBOS Pacific saw its earnings slip slightly in the three months ended June 30, 2006, from a year ago as its turnover dipped marginally from the yearago period. The food and beverage company, best known for its Brand's
      360 words
    • 339 5  -  By WEE LI-EN MEDIARING executive director Koh Boon Hwee will be meeting Pacific Internet's (PacNet) board of directors later this week. No agenda has been set, Mr Koh said at Mediaßing's financial results briefing yesterday. "It is for us to
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    • 368 7  -  It posts earnings of $22.3m, maintains interim dividend at 6 cents per share By MICHELLE QUAH IT WAS a better showing for Hong Leong Finance in the second quarter of this year, from a year ago. The finance company turned in a net
      FILE PHOTO  -  368 words
    • 404 7  -  By VEN SREENIVASAN STRONGER demand for its high capacity cranes, and a surge in infrastructure expenditure and energy exploration in Asia and the Middle East, boosted main-board-listed Tat Hong Holdings' first-quarter earnings by almost 40 per cent. Net profit for the three
      FILE PHOTO  -  404 words
    • 144 7 Reuters TAIWAN-based computer notebook casings maker Huan Hsin Holdings Ltd is targeting sales and earnings growth of 20-30 per cent in the next few years, buoyed by robust demand for notebooks from developing markets. "This is our internal target to grow both sales
      Reuters  -  144 words
    • 260 7 LIQUID display maker ArianeCorp has struck a deal to acquire Hong Kong's telephony product and service provider Carrier Net Corp for $15.6 million. Sesdaq-listed ArianeCorp, formerly known as Vikay Industrial, will fund the purchase of the 100 per cent stake in Carrier
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    • COMPANY BRIEFS
      • 116 7 NEW Lakeside Holdings yesterday posted a 12 million yuan net loss for the half year ended June 2006, down from $66.2 million net loss a year ago. It also revealed that its fully-owned subsidiary Sanmenxia Lakeside Fruit Juice Co Ltd (LFJ) has
        116 words
      • 53 7 GREATRONIC posted a $224,000 net profit for the six months ended June 30, 2006, reversing a $960,000 net loss previously. This was due mainly to discounts and overprovision of liabilities in 2004 and 2005. The company has settled most of its creditors from funds advanced
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      • 76 7 Provisions one-time expenses widen MDR's Q2 loss MDR Ltd (formerly known as Accord Customer Care Solutions) has posted a bigger loss. Its net loss for Q2 2006 widened to $27.2 million from $4.1 million in the same period last year. It attributed the loss for the latest period mainly to
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      • 64 7 CHINA Aviation Oil (Singapore) has achieved a $14.8 million net profit for the second quarter, against an $18.5 million net loss in the same period last year. Revenues jumped from $6.2 million to $99.2 million. CAO reported $357 million net
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      • 36 7 METRO Holdings' net profit for Q1 ended June 30, 2006, fell 52 per cent to $5.3 million. Revenue from continuing operations rose 9.9 per cent to $50.7 million.
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      • 63 7 HONG Leong Asia's Q2 net profit jumped 123 per cent to $24.4 million. It attributed the improvement mainly to improved profit contribution from its consumer products unit Xinfei, industrial packaging arm Rex and building materials unit BMG, as well as the group's
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      • 44 7 BREADTALK Group posted a 281.5 per cent jump in first-half net earnings to $1.9 million. Revenue for the half year ended June 30 rose 32.1 per cent to $55.9 million, lifted by broad-based growth across all business segments.
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      • 28 7 ECO Water's first-half net loss declined to $644,000 from $4.1 million previously. Revenue increased 88 per cent to $6.9 million.
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      • 45 7 MEGHMANI Organics Limited's net profit for three months to June 30, 2006 improved 17.3 per cent to Rupees 90.4 million (S$ 3.1 million) from Rs 77.0 million (S$ 2.7 million) previously. Group revenue hit Rs 1.0 billion (S$35.2 million).
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    • 308 7 TREK 2000 International yesterday reported that net profit rose 39.52 per cent to US$l.l6 million for the second quarter ended June 30, 2006, reinforcing the thumb-drive maker's optimism that its full-year 2006 performance will be better than 2005. This was in spite of
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    • 297 7 Bloomberg BANYAN Tree Holdings Ltd, which runs luxury resorts from the Seychelles to Phuket, said second- quarter losses narrowed as business picked up following a decline in tourists after the 2004 tsunami. Losses narrowed to $2.7 million or 0.42 cent a share
      Bloomberg  -  297 words
  • Page 4 Advertisements
    • 311 4 s^jtrfooo INVITATION FOR SUBMISSION OF AUDITED FINANCIALS I FOR ANNUAL CORPORATE RANKINGS 2007 Ranking Period (financial year ending): 1 June 2005 31 May 2006 Closing Date for Submissions: 30 September 2006 lb qualify for the ranking, companies must satisfy the following criteria: For Singapore SME 500, in addition to above
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  • Page 5 Advertisements
    • 259 5 I Currency Rate for 3-month deposits I Mil Jz m as ¥5 HII UNITED OVERSEAS BANK United Behind You Terms and Conditions: 'Interest rates are quoted as at 3 August 2006. Promotional rates are applicable to individuals for a limited period only and subject to change without notice. Deposit must
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  • SINGAPORE MARKETS
    • 508 6  -  STOCKS Interest shifts from China stocks to the semiconductor, property and shipping sectors R SIVANITHY Senior Correspondent THE semiconductor sector yesterday emerged as the local market's latest play, replacing China stocks as the main outlet for trading energies which have been curtailed by the current
      Source: Bloomberg  -  508 words
    • 1006 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Aug 14 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr COOP) fOOO) LottVision 14-Aug-06 TriVision Ltd ST 3590 na ***** 5.65 ***** 4.83 LottVision 14-Aug-06 TriVision Ltd ST 8400
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    • Article, Illustration
      861 6  -  Compiled by MATTHEW PHAN Noble Group Aug 14 dose: SSI.IO OTI6ROW RESEARCH, Aug 11 NOBLE Group has reported 2Q06 net profit of U5524.9 million, compared with US$35.l million in IQO6. We make no changes to our full-year forecast of US$l24 million, but note upside risk to die rest of
      Source: Bloomberg  -  861 words
    • 531 6  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar mounted a spirited comeback in Asia yesterday, boosted by the happy combination of Friday's strong US July retail sales report and a step-down in the terrorist fears which had hurt it last Thursday. But
      Source: Reuters  -  531 words

  • Page 7 Advertisements
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  • SINGAPORE NEWS
    • 590 8  -  Consortium led by Salcon, a leader in water treatment business By RUCHIKA TULSHYAN MORE than half a dozen Singapore companies have teamed up in an effort to secure $500 million worth of water projects in the Middle East by 2009.
      FILE PHOTO  -  590 words
    • 366 8  -  Located on Jurong Island, it's expected to open on Oct 1 By KAR-MEN CHENG MITSUI Chemicals has chosen Singapore's Jurong Island as the site for its first petrochemical research and development centre outside Japan. The Mitsui Chemicals Singapore Technical Centre, at the
      366 words
    • 209 8 THE Maritime Port Authority (MPA) of Singapore along with industry partners awarded 22 maritime scholarships and sponsorships to students pursuing maritime courses locally and overseas. Five MPA scholars were awarded scholarships to attend degree programmes at overseas and local universities and six MPA-sponsored students have
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    • 245 8  -  By ARTHUR LEE CORPORATE finance adviser Kelvin Ng will always remember this year's National Day or more correctly the day before it. He received a phone call at 4 pm on National Day eve telling him to get ready for good news. The 32-year-old,
      ARTHUR LEE  -  245 words
    • 193 8 Bloomberg LAS Vegas Sands Corp has hired seven banks for a US$l.4 billion loan for its Singapore casino project, a banker involved in the deal said. The banks hired are Citigroup, DBS Group, Goldman Sachs, Morgan Stanley, Lehman Brothers, Merrill Lynch and
      Bloomberg  -  193 words
    • 262 8 THE fee dispute between MediaCorp and the Association of Accredited Advertising Agents Singapore (4As) is still rumbling on, after both parties again failed to find a compromise despite "numerous" meetings over the past few months. The industry body and MediaCorp fell
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    • SINGAPORE ROUNDUP
      • 64 8 MINISTER of Trade and Industry Lim Hng Kiang is leading a delegation to Russia from yesterday to Thursday to sign an MOU on economic cooperation between the two countries. He will also co-chair a meeting with Russian Minister of Economic Development and Trade German
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      • 59 8 HUMAN resources consulting firm Hewitt is launching its fourth Best Employers in Singapore study early next month, in partnership with The Business Times and The Straits Times Recruit. The study will examine HR practices in leading companies here as part of a larger study
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      • 59 8 VACCINE development company SingVax has appointed John Brown as chairman. The company said Dr Brown has extensive experience in the industry as CEO of Acambis, a London-listed biotech company, as well as directorships at other biotech firms. He is expected to head SingVax's focus on developing
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      • 50 8 JAPANESE House of Representatives member Toshimitsu Motegi is in Singapore till tomorrow on a visit organised by the Singapore International Foundation. Mr Motegi will call on Prime Minister Lee Hsien Loong as well as Senior Minister Goh Chok Tong and Foreign Minister George Yeo.
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  • ENTERPRISE & INNOVATION
    • 1726 9  -  CHEN HUIFEN looks at how Singapore can create a dynamic community of enterprises that is self-sustaining and innovative CHEN HUIFEN WHEN the term "ecosystem" was coined by British botanist Roy Clapham in 1930, it was used to describe the dynamic relationships among the various physical
      JENNIFER CHUA; ARTHUR LEE  -  1,726 words
    • 747 9  -  By CHEN HUIFEN FEW people would link a cement manufacturer with IT, but EnGro Corp did just that back in the 1980s when IT was yet to become the buzzword. "Back in the mid-80s we were operating under the name of SsangYong Cement Singapore,"
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  • Page 9 Advertisements

  • SMEspotlight
    • 880 10  -  Pang Shu Ming has learnt the ropes from her father on running the flourishing franchise chain, notes JAMIE LEE JAMIE LEE SUCCESS at Mothercare, says executive director Pang Shu Ming, is distilled simply into "My father is a businessman". This is a mantra she repeats
      ARTHUR LEE  -  880 words
    • 5628 10 UNIT TRUSTS FUNDS ABAmer income A EUR 6.68/ AS Amer Income B EUR 6.6V ABEimphcomeOppATSGO 15/ A—*_Af*»< *1* PPOf) AS Europ Income OppBTSGO 15/ Sar Eirape Eqty! 0935/ AB Europ Income Opp AT EUR 7.45/ SfIISEF MS A8 Europ Income Opp BT EUR 7.45/ Star EuapeBa 1.163/ aB Euroo Income
      5,628 words
    • 1067 11  -  MMI's T Chandroo tells CHEW XIANG how he started his business and grew it to become the biggest Montessori player in S'pore CHEW XIANG THE brand Montessori is synonymous with quality but expensive preschools. But "Montessori" isn't trademarked. You could, in theory, start your
      YENMENG JIIN  -  1,067 words
    • 866 11  -  By RUCHIKA TULSHYAN THE last thing interior furnishings firm Goodrich Global wants to be known as is a traditional small and medium-sized enterprise (SME). In fact, throughout the interview, Goodrich chairman CB Chan keeps emphasising that his organisation does not operate like a run-of-the-mill SME.
      YEN MENG JIIN  -  866 words
    • 944 12  -  SMALL CAPS MATTHEW PHAN looks at the China-based company's performance and growth prospects MATTHEW PHAN IF you happen to travel to Lhasa on China's new railway from Qinghai to Tibet, you might like to know your life, and that of your fellow passengers, are partly guaranteed
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    • 372 12  -  By TEH HOOI LING WITH the reporting season underway, many stocks saw their share prices being adjusted some rather drastically when there were divergences between the market's expectation and the actual performance as reported by the companies. Perth-based engineering company Ausgroup was the
      372 words
  • Page 10 Advertisements
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  • Page 11 Advertisements
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  • Page 12 Advertisements
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  • ECONOMY WATCH
    • 608 13 Central bank's plan to keep cutting rates seen reviving consumer spending Bloomberg [JAKARTA] Indonesia's economic growth accelerated for the first time in 18 months, boosted by exports of agricultural commodities such as palm oil and rubber. Gross domestic product, the value
      Bloomberg  -  608 words
    • 530 13  -  India, Pakistan received US$60b from 1993 to 2002 By CLARENCE MICHAEL in Dubai FOREIGN workers in the Gulf Arab states are sending home US$27 billion a year, equivalent to about 9 per cent of those states' gross domestic product (GDP),
      530 words
    • 430 13 Bloomberg [BONN] The German economy, Europe's largest, expanded at the fastest pace in five years in the second quarter, boosting growth in the euro region and raising the likelihood of higher interest rates. Gross domestic product grew 0.9 per cent from
      Bloomberg; REUTERS  -  430 words
    • 403 13 AP IKUALA LUMPUR] Malaysia's trade minister yesterday urged South-east Asian nations to get serious about tackling hurdles to regional integration, and try to form a European-style economic bloc by 2015 five years earlier than originally planned. Although tariffs on most products have been
      AP  -  403 words
    • 2266 13 VOi General Cop -0.59 551 75 «1M H W- cm* Genting 2420 520 207 George Kent .048 -0.01 97 ASM Realty 1.45 unch 5 G HI System 523 0.01 4939 Abrit —032 unch 33 GtobetronksTedi 530 -0.01 836 ACPInifcstnes .053 0.01 251 GlomacBhd 1.12 -0.05 369 Advance Synergy
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  • MALAYSIA
    • 698 14  -  Question mark over how lucrative concessions are awarded in M'sia By S JAYASANKARAN in Kuala Lumpur SINCE Aug 1, a little known private Malaysian company named Lembah Sari has taken over a lucrative RM7O-100 million-a-year (Ss3o-43 million) concession to security-label packaging for locally made cigarettes, sparking
      698 words
    • 233 14 Reuters [KUALA LUMPUR] Stock exchange operator Bursa Malaysia Bhd isn't planning tougher curbs to damp speculative trading activity in some shares, Chief Executive Yusli Mohamed Yusoff said yesterday. Malaysia's army of volatile small caps provides the only real action in a market dominated
      Reuters  -  233 words
    • 398 14 AFP [KUALA LUMPUR] Malaysia yesterday said it would issue a "big fat no" to any nation or group that asked it to dismantle a system of positive discrimination for its majority ethnic Malays as part of trade talks. Malaysia and the
      AFP  -  398 words
    • 268 14 But PM Abdullah says he'll stick to his decision AP [KUALA LUMPUR] Former Malaysian leader Mahathir Mohamad said he would end his sharp criticism of the current government if it agrees to restart plans to build a bridge to Singapore. Prime
      AP  -  268 words
    • 533 14 Bloomberg, AP [KUALA LUMPUR] Malaysia will allow local and overseas lenders and insurers to conduct Islamic business transactions in foreign currencies in its continuing bid to make the country an Islamic financial hub, central bank governor Zeti Akhtar Aziz said. Bank Negara Malaysia
      Bloomberg,; AP  -  533 words
  • Page 14 Advertisements
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      138 words
    • 33 14 a jm Bistro 21 Millenla Walk #01-54, Tel: 6333 4514 One FREE Seafood Combo with min. spending of $50 (valid after 3pm) Only when you charge to your Diners Club Card. T&C Apply
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  • GREATER CHINA/INDIA
    • 643 15 Purchase is second such deal by India, China state oil firms this year Reuters. AFP [DEHRADUN, India/BEIJING] Chinese and Indian state oil firms have teamed up to invest US$BOO million in a 50 per cent stake in Omimex de Colombia, India's
      Reuters.; AFP  -  643 words
    • BRIEFLY ASIA
      • 76 15 AFP [KUALA LUMPUR] Rubber prices which are at 20-year highs will stay firm in the long term as global demand outstrips supply and oil prices boost the cost of alternatives, the Malaysian industry said in a report yesterday. Demand from China's automotive
        AFP  -  76 words
      • 75 15 Reuters [SHANGHAI] China Life Insurance Group Co, which owns the nation's biggest insurer, bought a 1.75 per cent stake in Industrial Bank Co of Fujian for 392 million yuan (Ss7B million) in an auction, diversifying business. China Life Group purchased 70 million shares
        Reuters  -  75 words
      • 90 15 Reuters [HONG KONG] Hong Kong conglomerate Hutchison Whampoa Ltd, a frequent trader of its assets, said yesterday it has no plans to spin off its retail arm into a separately listed firm. The company, controlled by billionaire Li Ka-shing, was responding to a report
        Reuters  -  90 words
      • 51 15 Reuters [MUMBAI] British bank Barclays Pic is in talks to buy alO per cent stake in Indian distressed assets firm Asset Reconstruction Co of India Ltd (Arcil), a senior Barclays official said yesterday. He added that the deal is subject to various regulatory approvals.
        Reuters  -  51 words
      • 83 15 Reuters [SHANGHAI] China could approve over 100 billion yuan (5519.8 billion) of asset-backed securities this year, as more banks apply to issue paper backed by their loan portfolios, the China Securities Journal said yesterday. A second round of ABS applications are nearing approval
        Reuters  -  83 words
    • 65 15 [BEIJING] The world may soon pay more than ever for its most abundant food: Rice. A record crop this year in a market anticipating rising production costs will do little to slow the price rally for the staple of 3 billion people, as China, the No
      BLOOMBERG  -  65 words
    • 390 15 Pay for senior posts now equal to HK, US peers as demand for talent surges Bloomberg [HONG KONG] Surging demand for investment bankers, fund managers and other finance professionals in China has .driven salaries higher, with senior positions commanding the same money as those
      Bloomberg  -  390 words
    • 337 15 Bloomberg [CHICAGO/MUMBAI] Reliance Industries Ltd, India's biggest publicly traded company, aims to complete construction of the world's largest oil refinery as much as six months ahead of schedule to profit from record fuel prices. "We want to hit the market as soon
      Bloomberg  -  337 words
    • 346 15 Market reform is aimed at cutting widespread waste AP [BEIJING] China is considering easing controls on the price of oil, power and other resources, letting market forces push them up in an effort to cut widespread waste, a state newspaper said yesterday.
      AP  -  346 words
    • 199 15 AFP [SHANGHAI] China Merchants Bank said it had won regulatory approval for a multi-billion-dollar public offering in Hong Kong, the latest Chinese bank seeking to raise cash on overseas stockmarkets. In a statement to the Shanghai stock exchange released over the weekend,
      AFP  -  199 words
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  • ASIA-PACIFIC/WORLD
    • 506 16 AFP [SYDNEY] The Australian government yesterday offered motorists up to A 52,000 (552,408) to convert their cars to run on liquid petroleum gas, as spiralling global oil prices cause the costs of petrol to soar. Petrol prices have surged by more
      AFP  -  506 words
    • 575 16 Outage-induced glitch freezes Nikkei 225 index updates for 3 hours Reuters. AP [TOKYO] A rare power outage caused by an industrial accident plunged much of Tokyo into chaos for about three hours yesterday, darkening offices, trapping people in elevators and disrupting transport
      Reuters.; AP  -  575 words
    • 317 16 AFP [SEOUL] South Korean steel giant Posco yesterday rejected reports it was scrambling to cover short positions in nickel on the metal markets and being forced to roll them forward at greater expense. "It is a groundless market rumour," a Posco spokesman
      AFP  -  317 words
    • 309 16 AFP [SYDNEY] The world now has more overweight people than hungry ones, a conference of international experts heard in Australia yesterday. The transition from a starving world to an obese one has happened with dramatic speed, US professor Barry Popkin told the International
      AFP  -  309 words
    • WORLD WATCH
      • 109 16 Reuters [LONDON] Women millionaires will outnumber their male counterparts within 15 years as the total number of mega-rich quadruples, according to research. Bigger divorce settlements, rising house prices and shrewd investments will fuel the women's rise, said the Centre for Economics and Business Research (CEBR),
        Reuters  -  109 words
      • 109 16 Reuters [NEW YORK] Twentieth Century Fox will start to sell movies including X-Men: The Last Stand and TV shows like 24 from websites owned by parent News Corp in the company's first step in the online movie market. Fox Interactive Media said
        Reuters  -  109 words
      • 86 16 Reuters [KUWAIT] Kuwait's cabinet on Sunday approved plans for a 1.2 billion dinar (556.6 billion) company to develop the country's Boubyan Island, a statement said. Kuwait, flush with petrodollars thanks to record oil prices, has said it plans to invest more than US$5O billion in
        Reuters  -  86 words
      • 69 16 Bloomberg [SYDNEY] Telstra Corp was ordered to cut network access fees, threatening dividend payments and the government's plan to sell its majority stake in the company. Australia's competition regulator set a monthly A517.70(5521.3) charge for an unidentified rival to access Telstra's phone lines
        Bloomberg  -  69 words
  • Page 16 Advertisements

  • ASIA-PACIFIC/WORLD
    • 698 17 Both Israel and Hezbollah claim victory after truce takes effect Reuters [BEIRUT] Heavy fighting in southern Lebanon stopped abruptly yesterday after a UN-brokered truce came into effect, but reports that Israeli troops killed six Hezbollah fighters underlined the fragility of the calm.
      Reuters  -  698 words
    • 387 17 Bloomberg [LONDON] US billionaire Randolph D Lerner, owner of the Cleveland Browns National Football League team, agreed to buy English soccer club Aston Villa for £62.6 million (SslB7 million). Mr Lerner, a former chairman of the MBNA Corp financial services company,
      Bloomberg  -  387 words
    • 85 17 AFP Reuters [KARACHI] Pakistani youths, their faces painted with the colours of the national flag, joining in celebrations for the country's 59th Independence Day here yesterday. Pakistan was created out of India, when Britain split the subcontinent into two countries in 1947. Prime Minister ShaukatAziz said in
      AFP; Reuters  -  85 words
  • Page 17 Advertisements
    • 2497 17 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BEE YIT HOLDINGS PRIVATE LIMITED (Incorporated In Singapore) (Co. Rag. No. *****1182Q NOTICE 18 HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the registered office at 24 Frankei Avenue Singapore *****2 on 25 August 2006 at 11.00 a.m.
      2,497 words
    • 708 17 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) PURSUANT TO SECTION «XlKb) At an Extraordinary General Meeting of ASIAPAC (I E) PTE LTD (Company Registration N0.*****2423R) duly convened on 8 August 2006, the following rcaolutioof set out below were duly passed ISPRTIAIi RESOLUTIONS Resolveda) That the Company be wound
      708 words

  • AVIATION
    • 578 18 UK TERROR PLOT Officials ease rules to allow hand carry luggage aboard aircraft AP [LONDON/WASHINGTON] Authorities lowered the threat level but warned Britons to remain vigilant, saying they may still be Islamic terrorists' targets after security forces foiled an alleged plot
      AP; REUTERS  -  578 words
    • LOG BOOK
      • 71 18 AFP [NEW DELHI] Indian low-cost airline Spicejet yesterday said it had signed a US$l.l billion sale and lease agreement for new Boeing 737 passenger jets to expand its network. The deal for 16 Boeing 737-800 and 737-900 ER models was signed with global
        AFP  -  71 words
      • 111 18 [SINGAPORE] Evaluation of data from the Rolls-Royce Trent 900 engines which powered the A3Bo's recent hot weather trials in Abu Dhabi has confirmed excellent levels of performance, validating pre-test predictions. The trials were conducted in average daily temperatures of between 43 and 47
        111 words
      • 79 18 AFP [DHAKA] Cash-strapped national carrier Biman Bangladesh Airlines yesterday raised fares on all domestic routes to cut massive losses as fuel and maintenance costs surge, an official said. "The airfares have been raised by between 5 and 7 per cent on all our domestic
        AFP  -  79 words
    • 377 18 AirAsia hails prospect of earlier liberalisation AFP [KUALA LUMPUR] Some South-east Asian countries are considering bringing forward an open-skies agreement due to be implemented in the region by 2008, Malaysian Transport Minister Chan Kong Choy said yesterday. "We are open (to the
      AFP  -  377 words
    • 249 18 AFP [KUALA LUMPUR] Malaysia, Indonesia and Thailand yesterday inked a landmark agreement to harmonise aviation laws relating to Air Asia which will smooth the budget carrier's regional operations. Air Asia's chief executive Tony Fernandes, who has urged the Association of South-east Asian
      AFP  -  249 words
    • 2261 18 CUT FUCKT ETA FUfiNT CTD SQ493 0735 EK352 2225 EK404 1405 M***** 2335 MM LH9771 1750 AF8088 2215 S* 348 16 2335 SQ230 1750 BA7382 2215 W 2348 15?? ***** 2335 AF8087 1850 <*82 2215 432 BA7381 1850 LH9770 2345 A 352 g? 55 gaga; 5sHfsT53IS
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  • Page 18 Advertisements
    • 146 18 BT/ZUJI Deals of the Week I BUSINESS CLASS (from S) ECONOMY CLASS (from I HOTEL (from Madrid $2,899 $998 $178 Thai Airways British Airways DESTINATIONS BUSINESS CLASS (tan S) ECOHOMT CLASS (tariS) HOTEL (from 1) WEAIHEK Langkawi $366 (S*Air) $88 (Malaysia Airlines) Rwhhg $366 (SM) SiaSMMiMta) •afi&a-ii Hanoi SS3B {Vfemam
      146 words
  • Page 18 Miscellaneous
    • 213 18 CRYPTIC CROSSWORD 8 Gloomy start to the music (8) YESTERDAY'S SOLUTION Tl™,,. 14 False story about ringleader Across: 1 Doughty, 9 Negative, 10 1 Injured fliers returned to base produces bad feeling (8) Celsius 11 Cassette 12 Vanish 13 W u 16 Floral trophy at the Dairy Portending/tfLeah. 16 Top'ba--2
      213 words

  • SHIPPING
    • 620 19 Weak growth 'due to automatisation problems at port's container handler' AFP [ROTTERDAM, The Netherlands] Three years after it was overtaken by Shanghai as the world's biggest port, Rotterdam is facing up to the difficulties of competing in a globalised economy. In the
      AFP; BLOOMBERG  -  620 words
    • 422 19 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co, the world's sec-ond-largest shipbuilder, said it posted a profit in the second quarter from a yearearlier loss as steel prices fell and it charged more for building vessels. Net income was 100.4 billion won (*****.5 million)
      Bloomberg  -  422 words
    • 291 19 Reuters [MANILA] The Philippines rushed ships and equipment yesterday to the seas surrounding the central island of Guimaras to stop the country's potentially largest oil spill from spreading to other coastal areas. The Philippine Coast Guard said it had sent two ships to
      Reuters  -  291 words
    • 201 19 Reuters [KUALA LUMPUR] Malaysia's MISC Bhd, the world's largest carrier of liquefied natural gas, said yesterday it saw softer shipping rates this year and the next, but little impact on earnings due to long-term charters. In May, MISC reported a 70 per cent
      Reuters  -  201 words
    • 815 19 Migrating whales moving into shipping lanes are increasing risk of collisions Reuters [SEOUL] A HIGH-SPEED ferry was nearing port in Kagoshima in Japan in April when a shudder went through the ship, jolting passengers out of their seats and slamming crew members into walls. More
      Reuters  -  815 words
    • 305 19 Bloomberg [SINGAPORE] Samsung Heavy Industries Co. the world's third-largest shipbuilder, said second-quar-ter profit rose 64 per cent, as it charged more to build vessels and paid less for steel plates. Net income rose to 32.1 billion won (5552.6 million) in the
      Bloomberg  -  305 words
    • 279 19 SGX 000 Aug 14 S$ W- Vol CH Offshore .0.35 -0.01 135 Chuan Hup .0.32 -0.01 296 Cosco Corporation 1.51 0.03 5739 CWT Distribution .0.62 unch 109 Ezra Hldgs.. .2.64 0.10 1196 .0.06 -0.01 494 Grand Banks Yacht .0.87 -0.05 1 Java Holdings 1.36 0.01 146* K1 Venture
      279 words
  • Page 19 Advertisements

  • EDITORIAL & OPINION
    • 467 20 EDITORIAL THE Singapore Exchange's (SGX) decision last week to sever its four-year-old common trading platform with the Australian Stock Exchange should not have come as a surprise. Signs of the imminent collapse of the crosstrading arrangement the first between SGX and a foreign exchange
      467 words
    • 811 20  -  THE BOTTOM LINE WILLIAM PESEK JR Bloomberg LAST week should have been a rough one for bond traders in Tokyo. While you wouldn't know it from bond prices they rose in that time the process of reflating Japan's deflationary economy moved
      Bloomberg  -  811 words
    • 970 20  -  China has yet to shed light on specific actions and a timeframe for a more flexible currency By V ANANTHA NAGESWARAN NEWSWIRES are agog with speeches and pronouncements from Chinese officials about the need for a flexible policy framework, including flexible
      Sources: CEIC; Thomson Financial  -  970 words
    • 1496 21  -  At best, reconciliation and rebuilding in Lebanon; at worst, a long and bloody civil war and a more powerful Hezbollah LEON HADAR Washington Correspondent SINCE the start of the current Middle East crisis, analysts have been trying to figure out who is responsible for this
      REUTERS  -  1,496 words
    • 399 21  -  LETTER TO THE EDITOR Peter Heng Director Corporate Communications SingTel I REFER to the article "Rotating auditors: Is the policy serving a purpose?" by Ms Michelle Quah (BT, 11 Aug). Sing Tel agrees and recognises that external auditor is a critical component of any company's
      399 words
    • 723 21  -  By RICHARD DOBSON Reuters THREE typhoons churn through Asia in a week, a heat wave bakes the northern hemisphere and a drought slashes grain crop estimates in Australia. Signs that scientists' worst fears about global warming are unfolding before our eyes or is it just
      Reuters; REUTERS  -  723 words


  • 10819 22 SGX MAINBOARD Transaction date: Aug 14 52-Wk Tel List Vol Day List Quote Grttv Mr Grffd Net MCap High Low Code Company Sale W- (*000) High Low 8«yr Sdkr Cvr m jmk 4 1 5716 1st Software 5c 2.5 unch 2 2.5 2 2 2.5 10.1 115 6
    10,819 words
  • Page 22 Advertisements
    • 64 22 Welcome to Our online CFD trading service gives .< »u t i•: «nd ,-v ess to the world of financial market trading Make Our City and trade with tk~ nrufessionak BMMMwBMwIBsSBiMgBBMMraSMMMBP'SaBsPwIMiIIiBIiW "vw™ 'wPw^ CFDs carry a higher degree at iist- corn; > r'O-: t»a t o'.a; j.jt. *ia i• i
      64 words

  • 6150 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la lacal am h« SS la IKS dy yr dy yr dy Kyr Awg 11 Index Chmga Change Change Chang* Chang* Chang* World tnde» PreHmran 9845 -03 15 0.1 -03 «J EAff Preliminary 99M -0.1 M 83 33 43 M Europe Prelimtnarj 1389
    6,150 words

  • Page 24 Advertisements
    • 1892 24 UK COHTIHEHT SERVICE U.».A SERVICE Destination Destination EVGENIA RDM/A7W/BMN/TLB/NAN SEAFRIEND CAM/NFK/SAV/NOL HANJIN PENANG LAX/VCW/MZL Loads Singapore, E./W. Malaysia, Indonesia E/w |ndonejia MIPPLE-EAST SERVICE F.EJS.EJL SERVICE Destination PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN GLOBAL MOKPO DBI/ABU/DOH/BRN/DMM/KWT PAN DYNAMIC JDH/AQA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia
      1,892 words
    • 501 24 Wtw WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com VKSH VOT U» HEIGHT SI LK HUP SAV BAI 0»F TAMERLANE AMIS 3201 m MM 24/00 20/09 29/00 03/10 07/10 05/10 TAUIOT AE427 4001 m 4.3 M 16/09 10/10 19/10 23/10 21/10 26/10 TAUSMAN Af42» Will 6.4 M 27/09 20/10 29/10 02/11 06/11 04/11
      501 words

  • Page 25 Advertisements
    • 874 25 WAN HAI NTERNATTONAL PTE LTD C* NO: **********0/1 \aR\WAN HAI LINES V ~mi nanuiminMiatnuL'ioj)3342mrwrew)mmtmimrmim X JOMIH:(O7)2SI*923HU:(O7)2Sia92I SUM IB: (031) *****7S FAX: <031) 32*2714/ *****0S WWW.Wanliai.COM.Sg *T 1H: (021) ***** M FAX: (021) ***** M n* IK: 7163*0/*****1 FA&7IU7V m 1H: (Ml) 4157H3 FAX: (Ml) 41SW2S/4142W* WEEKLY EXPRESS SERVICE TO AND
      874 words
    • 1093 25 iVfSSfI I VOY PKL I SIN KARACHI PXI lAS NHS PMM UK I KHOR IRAN SATTARI PCI 8152 16/08 17/08 26/08 29/08 30/08 05/09 07/09 09/09 IRAN BAABAII Pa 8151 21/08 30/08 02/09 03/09 09/09 11/09 13/09 IRAN TABATABAII PCI ***** 23/08 22/08 31/08 03/09 04/09 09/09 11/091 13/09 VESSEL
      1,093 words
    • 119 25 P. T. DJAKARTA LLOYD (PERBERO) AUSTRALIA FULL CONTAINER SERVICE As Agents: PT Djakarta Lioyd (Singapore) Pte Lid Operator Code: Dl CR NO. **********00 »a yor sw mIwI iw I std mb w MjMMM 029S n/m 22/N 2»/N 03/09 05/09 01/09 ANiHRRUE QMS 27/ M 29/00 01/09 10/09 12/09 15/09 AH
      119 words
    • 860 25 m aisas^ WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vissa vor sin pjoanc cotomo n. sheva coiowo mam MlB..llAus sm ism ms urn IMPIKA GANDHI 0106W 22 AUG OMIT 26 AUG ?9 AUG 02 SEP KAJIV GANDHI OIQ6W 29AU6 OMIT 02SEP 06 SEP 10
      860 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5067 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dosfn Name Name Number Number SIN Detfn Name Name Numb if Number To DURBAN (DUR) 2118 South Africa To ABIDJAN (ABJ) 2003 Cote D'lvoire 2 3/08 15/09 China Shpg BUNGA MAS
      5,067 words

  • PROPERTY
    • 589 27  -  S'pore firm will also market Arabian's serviced apartment properties globally By CLARENCE MICHAEL in Dubai GLOBAL Investment House has announced the launch of Arabian Hospitality Holding Company the Gulf Arab region's first chain of branded luxury serviced residences, to be managed exclusively by
      589 words
    • 539 27 Bloomberg [SEATTLE] When Seattle's Four Seasons hotel opens, its US$4OO-a-night visitors can swim in a courtyard pool with sweeping views over Elliott Bay and unwind at an outdoor fireplace. Or, they can pop over to the peep show next door. That last amenity
      Bloomberg; BLOOMBERG  -  539 words
    • 453 28 Rodamco's net asset value up 11 in Q2 Mall price gains, increased rents lift NAV; shares at three-month high Bloomberg [EDINBURGH] Rodamco Europe NV, the largest shopping-centre owner in Europe, said the net value of its assets rose 11 per cent in the second quarter as malls gained in price
      Bloomberg  -  453 words
    • 226 28  -  COMPANY RESULTS Reports by KALPANA RASHIWALA SC Global Developments' second quarter net profit surged to $8.1 million from $2.4 million a year ago as revenue jumped 77 per cent to $50.1 million. The strong showing for the quarter ended June 30
      226 words
    • 204 28 WHEELOCK Properties has posted a 42.3 per cent increase in first-quarter net profit to $26.5 million. Revenue for the three months ended June 30 jumped 88.4 per cent to $156.2 million. The increases were due mainly to profit recognition for units sold
      204 words
    • 342 28 Bloomberg [LONDON] UK house-price growth slowed for the first month in three in June, adding to signs that Britain's US$6.2 trillion residential property market is cooling, a government report shows. Prices gained 5.2 per cent from a year
      Bloomberg; BLOOMBERG  -  342 words
    • 249 28  -  By ARTHUR SIM PRICES for Capita Land and Hwa Hong Corporation's River Gate condominium units have increased by almost 50 per cent in the last year. River Gate was launched in mid-2005 at an average price of $1,080 psf. Now, with 90 per cent of the
      249 words
  • Page 27 Advertisements
    • 216 27 PRIME FACTORY .FOR SALE BY TENDER Address 118 Pioneer Road Description A factory/warehouse bldg with mezz. office basement carpark Tenure JTC 30 yrs from 1 Jan 1996 Land area approx. 173,226 sq ft GFA approx. 426,866 sq ft Tender Closing 7 Sept 2006, 3pm For tender document, please contact: Bernard
      216 words
    • 179 27 SSTSfcaa spf, FREEHOLD RESIDENTIAL SITES L. M.rqu. FOR SIMULTANEOUS SALE f®" 00 B: 54,898 sqft v Villa Margaux Parcel C: 35,277 sqft aXSZr. TOTAL: 116,861 sqft ■BHi mumm Within Ikm of reputable schools. Qag£ near to social clubs and MRT Station hm**. rmnoH 5 minutes to Orchard Road and Centred
      179 words
    • 173 27 Derbyshire Mansions r r Site Area: 36,098 sq ft (approx) TmrrlV >lww OMCT QPR: 2.8, up to 36 storeys wrrT"* ll V*™**" Unblocked view t S Near amen Wee and next to 13* <, St. Michael's Primary 1 w Conveniently located with easy ""f access to Orchard Shopping I Beit
      173 words

  • Page 28 Advertisements
    • 54 28 Awarded Best Foreign Investment Bank J! n^a^°re 2006 pSPKfs£»' Best Foreign Investment Bank in Singapore ■■■laili Finance Asia Country Achievement Awards 2006 Best Foreign Investment Bank in Singapore KSSQk The Asset Country Awards 2005 k*. A Passion to Perform. Deutsche Bank For more information www «H> nnn 1 r u,
      54 words