The Business Times, 26 August 2006

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Microfilm: NL26973
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES ANNIVERSARY 3> Jp A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE 85 cents MICA (P) 099/03/2006 online at http://business-times asial.com sg August 26-27, 2006
    25 words
  • Article, Illustration
    Lock icon Major hotels spare no expense to impress elite
    891 1  -  World Bank/IMF visitors can wine, dine in renovated restaurants with top-notch menus By WEE LI-EN [SINGAPORE] Major hotels are revved up to wine and dine the thousands of guests who will descend on them during next month's International Monetary Fund (IMF) and
    PHOTOS: ARTHUR LEE  -  891 words
  • Article
    Lock icon Singapore, China to start FTA talks
    357 1  -  Bilateral trade between the 2 nations soared to a record US$33.15b last year By CONRAD TAN [SINGAPORE] Singapore and China have agreed to launch negotiations for a bilateral free trade agreement (FTA), said leaders from both countries yesterday. The announcement was made after Deputy
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  • TOP STORIES
    • Article
      Lock icon Sentosa Cove sets new record for bungalow land
      723 2  -  S'porean pays $1,039 psf for plot; other bids range from $656-$925 psf By KALPANA RASHIWALA [SINGAPORE] New benchmarks were set for bungalow land yesterday, when an auction at Sentosa Cove drew a top bid that works out to a whopping $1,039 per
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    • Article
      Lock icon Vopak builds commercial biofuel tankage
      428 2  -  By RONNIE LIM [SINGAPORE] Rapid growth in the region's biofuel industry, with new biodiesel plants sprouting up in Singapore, Malaysia and Indonesia, has spurred Dutch-ownSd Royal Vopak to kick off its next expansion phase estimated lo cost more than $100 million of its mega tank
      428 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      505 2 Reits prove resilient despite rising rates SINGAPORE'S growing real estate investment trust (Reit) sector has proved resilient despite rising interest rates. Five out of seven Reits that have been around since last year are currently trading at levels higher than at the beginning of this year. COMPANY NEWS,
      505 words
    • Article, Illustration
      Lock icon S'poreans develop taste for New World wines
      659 2  -  Fruit-driven style of such wines makes them popular among beginners By CONRAD TAN [SINGAPORE] Singaporeans are drinking more "New World" style wine from Australia, Latin America and South Africa, compared with the traditional European-type product from France and Italy. But enthusiasts here say
      659 words
    • Article
      Lock icon MARKETS DIGEST
      134 2 STI (+7.10) ST INDEX FUTURES (+9.00) SIMSCI 292.15 (+1.46) SIMSCI FUTURES 292.50 (+2.60) MARKETS Friday Change IOS£ COM? 950.52 +239 NIKKEI 225 15,938.66 -21.96 HANG SENG 16,955.45 +72.41 SET INDEX 689.13 -3.04 JAKARTA COMP 1,416.93 :12.55 MANILA COMP 2,274.53 -39.56 SEOUL COMP 1,329.35 +13.62 SHENZHENB 286.29 +0.16 MUMBAIIND
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon THE CEO-GOVERNOR
      1372 3  -  Jon Corzine, New Jersey Governor and former chairman and CEO of Goldman Sachs, talks to VIKRAM KHANNA about his journey from Wall Street to politics VIKRAM KHANNA WHEN you examine the former professions of elected politicians around the world, you most frequently come across lawyers. There are also
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    • Article
      Lock icon The Singapore-New Jersey connection
      682 3  -  By VIKRAM KHANNA AS A former investment banker, New Jersey Governor Jon Corzine is no stranger to Singapore. "For 25 years, I worked at Goldman Sachs, so I've been here many times during that period," he says. "It's great to be back." But this time, Mr
      682 words
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      Lock icon Page 3 Advertisements Column 1
      61 3 Raffle? Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels and Resorts. The Traveller's Palm in the Raffles Hotels and Resorts logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in
      61 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Reits prove resilient despite rising rates
      937 4  -  CORPORATE ANALYSIS Good performance stems from the rise in the 10-year government bond yield, says LESLIE YEE LESLIE YEE SINGAPORE'S growing real estate investment trust (Reit) sector has proved resilient despite rising interest rates, which theoretically make investment instruments that are bought for their
      937 words
    • Article, Illustration
      Lock icon Airocean trial witness fails to recall kickback details
      537 4  -  Prosecution's star witness opens trial on unsure footing By MICHELLE QUAH THE trial of Airocean's former CEO Thomas Tay on a charge of corruption opened on an ambivalent note yesterday, when the prosecution's star witness told the court that he could not
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    • COMPANY BRIEFS
      • Article
        Lock icon New index to track China plays
        84 4 Reuters SINGAPORE'S Prime Partners Group, an asset manager and corporate finance advisory, plans to launch an index to track the 25 top Chinese companies listed on the Singapore Exchange, sources said yesterday. The index, which will be called Prime Partners China Index, will be
        Reuters  -  84 words
      • Article
        Lock icon Heshe cuts losses by 94%
        74 4 HESHE Holdings which strode in as a white knight last year for beleaguered e-waste recycler Citiraya Industries has slashed its losses for the full year ended June 30,2006. It reported a 94.1 per cent fall in its net losses to $566,000, from $9.6 million in
        74 words
      • Article
        Lock icon OCBC takes stake in Advance SCT
        37 4 ADVANCE SCT Limited yesterday said that OCBC has become a shareholder with a stake of 1.43 per cent by converting $1 million as part of a convertible loan facility into shares.
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      • Article
        Lock icon Olam buys peanut shelling unit
        57 4 OLAM International yesterday said it has acquired a peanut shelling and processing unit from Senwes, an agricultural company in South Africa. The unit can process 20,000 tonnes of in-shell peanuts every year. At current prices, this translates to revenues of US$20 million with prospects to
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      • Article
        Lock icon Boardroom CEO resigns
        49 4 BOARDROOM Ltd said its chief executive officer Thomas Yeoh has resigned to pursue other business opportunities. His last day of service will be on Sept 22. Pending the recruitment of a new CEO, the company's chairman, Goh Geok Khim, will assume the responsibilities of the CEO.
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      • Article
        Lock icon Cerebos revamps Taiwan ops
        59 4 CEREBOS Pacific Ltd said it will restructure its operations in Taiwan to improve the efficiency there an exercise that will see its subsidiary Cerebos International Health Ltd (CIHL) acquire all the assets and business of Cerebos Pacific Ltd, Taiwan Branch, on Nov 1 this year. CIHL
        59 words
      • Article
        Lock icon Tiong Woon posts $8.8m earnings
        39 4 TIONG Woon Corporation reported net profit of $8.8 million on sales of $69.2 million for the year ended June 30,2006. The company also declared a final dividend of 0.3 cent per share (exempt 1-tier).
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      • Article
        Lock icon China Printing IPO to raise $20m
        91 4 Reuters CHINA Printing Dyeing Holding Ltd plans to raise between $20 million and $23 million in funding from the sale of new shares on Singapore's stock market, sources said yesterday. It is expected to sell both new and vendor shares in its initial public
        Reuters  -  91 words
      • Article
        Lock icon Hotel Prop's $50m bond issue
        68 4 Reuters SINGAPORE'S Hotel Properties Ltd will issue $50 million worth of three-year bonds on Aug 31 for working capital, a source close to the deal said yesterday. The property company priced a $25 million three-year fixed-rate bond at 4.315 per cent and a $25 million
        Reuters  -  68 words
    • Article, Illustration
      Lock icon 2nd-liners in play as blue chips dip on US uncertainty
      495 4  -  STOCKS R SIVANITHY Senior Correspondent SECOND-LINERS have dominated trading this week, thanks mainly to fresh research reports that set eye-catchingly high target prices. Labroy Marine, Synear Food and Wilmar International were the main beneficiaries of this thrust, replacing perennial favourites
      495 words
    • Article, Illustration
      Lock icon BIL Int'l buys London casino Clermont Club for £31 m
      561 5  -  Group aims to run 6 gaming operations in the UK within next 12-18 months. By CONRAD RAJ SINGAPORE-BASED hotel and investment group BIL International, which aims to be one of the biggest casino operators in Britain, said yesterday it has
      APPLE DAILY  -  561 words
    • Article
      Lock icon One-time gains help lift GuocoLand's profit to $155.6 m
      335 5  -  Net earnings up 88%; revenue dips 14% to $361 m By CONRAD TAN HELPED by one-time gains, property developer GuocoLand Ltd yesterday reported a sharp rise in full-year net profit despite a revenue fall. GuocoLand's net profit soared 88 per cent
      335 words
    • Article
      Lock icon US$10m IFC boost for Epure ahead of its listing here
      376 5  -  By CHEW XIANG EPURE International, a wa-ter-treatment specialist in China which is planning a Singapore mainboard listing, hag received a US$lO million investment from International Finance Corp (IFC), the private sector investment arm of the World Bank. The preliminary prospectus
      376 words
    • Article
      Lock icon Lion Teck Chiang net profit surges 73%
      290 5  -  Strong rental returns, sales of M'sian properties boost earnings By VEN SREENIVASAN ROBUST rental returns, increase in sales of properties in its Malaysian townships and better margins for its steel business boosted Lion Teck Chiang's full-year net earnings by 73 per cent to
      290 words
    • Article
      Lock icon Interior Services Group sells its 22% stake in ISG
      336 5  -  By CONRAD TAN UK-based Interior Services Group, the company which is buying Sesdaq-listed ISG Asia's existing businesses, has sold its 22 per cent stake in ISG to a third party. The sale brings ISG one step closer to completing the disposal
      336 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      108 5 smm 1 The Harbour Grill Oyster Ban $30 nett Two-course lunch comprising a starter and main course (U.P. $62+++) Asparagus risotto Canaroli with vegetables jus (worth $24) OR Caesar salad (worth $22); Scottish grilled salmon with black trumpet mushroom (worth $38) OR Chicken breast with gratin of zitta pasta (worth
      108 words
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      Lock icon Page 5 Advertisements Column 2
      616 5 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF RAMPARTS INTERNATIONAL PTE LTD Co Reg No: *****8577W (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General Meeting
      616 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      1056 6  -  Compiled by CONRAD TAN ASL Marine Aug 25 close: 550.76 PHILLIP SECURITIES RESEARCH, Aug 25 ASL Marine turned in full-year net profit of 5523.1 million, which was roughly in line with our estimate of 5523.6 million. Total group revenue increased 42 per cent to *****.7 million, fired by
      Source: Bloomberg  -  1,056 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      948 6 For week beginning Aug 21 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial »uy Mo of Price SHAREHOLDING Trans Shareholder/ Sell Shorts Por Before khm Stock Date Dirottor Conv 000 Shr S ('000) C000) United Envirotech 25-Aug-06 Lin Yucheng Buy 225 0.30 ***** 25.89 ***** 25.97 PNE Ind 24-Aug-06 Tan
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    • Article, Illustration
      Lock icon Oil prices may resolve Fed's inflation split
      959 6  -  By JOHN M BERRY OIL prices, the bane of Federal Reserve officials trying to keep inflation low, could be on the verge of helping them resolve a serious split over monetary policy. World crude oil prices have bounced around the US$7O to US$75-a-barrel
      BLOOMBERG  -  959 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Understanding alternative investments
      2728 7 OVERVIEW MORE investors are using alternative investments such as hedge funds, private equity and real estate to diversify portfolios and generate higher returns. Conventional wisdom has it that hedge funds and the like are only for institutional investors or those with high levels of risk tolerance. Is
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  • SINGAPORE NEWS
    • Article
      Lock icon IDA partners tech giants for new technology
      634 8  -  Move aims to equip civil servants with system needed to handle large data By AMIT ROY CHOUDHURY THE Infocomm Development Authority of Singapore (IDA) yesterday announced plans to work with Intel, Microsoft and Fujitsu to explore the use of nextgeneration technology by the
      634 words
    • Article
      Lock icon S'pore firms should tap HK-China FTA
      546 8  -  Benefits include zero tariffs, says HK agency By JEAN CHUA SINGAPORE businesses can take advantage of Hong Kong's free-trade agreement with China recently expanded to include more concessions and be treated as if they were domestic companies, the head of Hong Kong's investment agency
      546 words
    • Article, Illustration
      Lock icon Tools that can assess a person's ability to sell
      518 8  -  By NANDE KHIN SINGAPORE companies can look to boost the performance of their sales teams with a suite of assessment tools available in Asia for the first time. The tools are said to help identify potential sales staff and evaluate the
      518 words
    • Article
      Lock icon Johor luxury resort goes on sale here
      232 8 Developer Mulpha offers 55 terrace houses initially MALAYSIAN property giant Mulpha International will launch its latest luxury residential resort, Banyan Water Village, in Singapore this weekend. The development, which will be launched today and tomorrow at the Grand Hyatt Singapore, is the latest
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    • Article, Illustration
      Lock icon S'pore Poly students take up Disney internship
      380 8 IF A familiar accent greets you when you next visit Disney World at Orlando, Florida, it isn't just the Disney magic. The person inside the costume or behind the hotdog stand might just be a Singapore Polytechnic (SP) student on a fivemonth work
      JOHN HENG  -  380 words
    • Article
      Lock icon H2 retail sales seen growing 8.6%
      206 8 DESPITE low stockmarket confidence in Singapore, second-half retail sales are expected to grow 8.6 per cent year-on-year to $16 billion, according to the latest Masterlndex of retail sales forecast released yesterday. The Masterlndex is ducted and commissioned by MasterCard to provide sales data and
      206 words
    • Article
      Lock icon Lower income group sees higher rise in CPI
      224 8 LOWER income households have continued to experience higher inflation than middle and higher income groups. The Consumer Price Index (CPI) for the average household rose 1.3 per cent from January to June this year, compared with a year ago, the Department of
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon BMW design firm opens studio here
        51 8 DESIGN consultancy BMW Group DesignworksUSA has opened a new studio at Keppel Bay Tower to pro\rtde services to its clients from Asia. The company, which has been in Singapore since early this year, said the studio is in response to increased demand for its
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      • Article
        Lock icon HDB selling 615 flats in three areas
        59 8 HDB is opening for sale 100 two-room flats at Jurong West, 418 four-room flats at Bukit Merah and 97 five-room flats at Queenstown. The balloting exercise started yesterday and applications close on Sept 14. The Bukit Merah flats are completed. Those in Queenstown
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      • Article
        Lock icon Medisave withdrawal limit policy revised
        60 8 THE Ministry of Health has revised its policy on Medisave withdrawal limits. From Dec 1, the day surgery non-surgical component of inpatient claims will be raised to $200 from $150. This will allow Medisave to fully cover the non-surgical component of 82 per cent for
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      • Article
        Lock icon Boost for competence in grid computing
        41 8 NANYANG Technological University (NTU) yesterday signed a memorandum of understanding with the National Grid Office to jointly conduct a Grid Computing Competency Certification programme. The programme will boost competence in grid computing here, NTU said.
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  • FACES GOING PLACES
    • Article, Illustration
      Lock icon Passion + innovation = success
      2048 9  - Passion innovation success RUCHIKA TULSHYAN meets five passionate innovators who have made waves in IT communications RUCHIKA TULSHYAN SUNE STILLING 29 Senior general manager, Marketing Branding and Communications South-east Asia, Maersk IN the cut-throat world of communications, Sune Stilling has made his mark on the future of one of the
      BOTH PHOTOS BY JOHN HENG  -  2,048 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      21 9 SHARING CREATIVITY WITH OUR PARTNERS We go beyond the expected. We provide innovative solutions tailored to our partners' requirements. HTL www.htlinternational.com
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      Lock icon Page 9 Advertisements Column 2
      28 9 This is the fourth of a six-part series jointly brought to you by The Business Times and HTL International, as part of the two companies' BOth anniversary commemoration.
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  • MALAYSIA
    • Article
      Lock icon M'sia speeds up big cap listing procedure
      277 10 SC's faster review aimed at attracting quality listings Bernama [KUALA LUMPUR] The Securities Commission (SC) has shortened the timeframe for the review and consideration of initial public offering (IPO) applications for companies with market capitalisation of at least RMSOO million (*****.5 million) to
      Bernama  -  277 words
    • Article, Illustration
      Lock icon US, Asean ink trade liberalisation pact
      523 10 Framework deal is first step if both sides wish to start free trade talks Reuters [KUALA LUMPUR] The United States and 10 Southeast Asian nations signed a trade and investment agreement yesterday that opens the door to possible free-trade talks. US Trade Representative Susan
      Reuters; REUTERS  -  523 words
    • Article
      Lock icon SGX MAINBOARD
      7517 10 Transaction date: Aug 25 52-Wk T«l Lact Vol Day Last Quote Uv GrYld Net MCap High Low Code Company Sale +<- ('000) High Low Buyer SaBf Cvf S P/E tmil 4 1 5716 1st Software ....2 2 2.5 8.1 11.5 6 3148 STelecom „.....7 unch 20 7 7
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    • BRIEFLY ASIA
      • Article
        Lock icon Bank Negara benchmark rate unchanged
        74 10 Bloomberg [KUALA LUMPUR] Malaysia's central bank kept its benchmark interest rate unchanged for a third straight meeting, citing easing inflation. The overnight policy rate remains 3.5 per cent. "The central bank is likely to keep rates unchanged for the rest of the year with the
        Bloomberg  -  74 words
      • Article
        Lock icon Jakarta to sell bank stakes next month
        66 10 Bloomberg [JAKARTA] Indonesia will sell its remaining stakes in PT Bank Internasional Indonesia, the country's sixth-largest lender, and PT Bank Permata, the No 9, next month, aiming to raise funds to plug its budget deficit. "We want the best price from the stake
        Bloomberg  -  66 words
      • Article
        Lock icon India sees US$5b investments for SEZs
        75 10 Reuters [KUALA LUMPUR] India expects to attract up to US$5 billion of investments for its special economic zones by December 2007, Commerce and Industry Minister Kamal Nath said on Thursday at regional economic talks in Kuala Lumpur. Mr Nath said that he expected the
        Reuters  -  75 words
      • Article
        Lock icon M'sia, Brunei to resolve border dispute
        69 10 Reuters [KUALA LUMPUR] Malaysia and Brunei will speed up efforts to resolve a dispute over the ownership of two large oil exploration blocks in the South China Sea, Malaysia said yesterday after leaders of the two countries held annual talks. "The leaders discussed the
        Reuters  -  69 words
      • Article
        Lock icon Delhi offers Asean separate deal on palm oil
        69 10 AFP [KUALA LUMPUR] India yesterday proposed striking a separate deal on palm oil imports with Malaysia and Indonesia in a bid to speed up free-trade talks with Asean and meet a year-end deadline. "I am happy to have a separate palm oil
        AFP  -  69 words
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  • INDONESIA
    • Article
      Lock icon Bumi scraps sale of 2 coal mines
      509 11 It says final agreement with Renaissance was taking too long Bloomberg [BALI] PT Bumi Resources, Indonesia's biggest coal exporter, scrapped plans to sell its two largest mines for US$3.2 billion after failing to reach a final agreement with PT Renaissance Capital. "It took
      Bloomberg  -  509 words
    • Article
      Lock icon SGX
      6130 11 Transaction Date: Aug 25 MOST ACTIVE STOCKS VOLUME VALUE SSHCorp 34.748.000 DBS Grp 84.246.499 Wilmar 27.499.000 CapitaLand 62.20S.040 UniFibef 25.842.000 SingTel 49.848.400 Magnus 25.609.000 UOB 47.008.575 Synear 23.778.000 Keppel Corp 40.687.117 Ho Bee 2Z131.000 Wilmar 34.650.340 Xpress 20.492.000 OCBC Bk 32.746.650 SingTel 20,354.000 Asia Pac Brew 26.546.100 Gallant 18.648.000
      6,130 words
    • Article
      Lock icon Former investment chief jailed for graft
      184 11 AFP [JAKARTA] An Indonesian court yesterday sentenced the former head of Indonesia's state investment agency to six years in jail for his involvement in a US$3 million investment scam. Theo Toemion, 49, was guilty of "enriching himself by misusing state funds" worth about 30.2
      AFP  -  184 words
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  • GREATER CHINA
    • Article
      Lock icon Shanghai district chief in funds probe
      582 12 He's second senior Shanghai official to be publicly linked to the scandal Reuters [SHANGHAI] More than 100 investigators froih Beijing have arrived in Shanghai to probe a corruption case involving government pension funds, the biggest scandal in the city for decades, Chinese state media
      Reuters  -  582 words
    • Article
      Lock icon BURSA MALAYSIA
      2324 12 VOL General Corp 0.57 -0.01 74 Aug 25 KM *1- C000) Genting ...24.30 -0.40 106 George Kent 0.49 0.01 14 A M Realty 1.45 -0.01 6 GHL Systems 034 0.01 2240 Abric .0.31 unch 6 Globetronics Tech 0.29 -0.01 1119 ACP Industries .0.83 0.01 118 Glomac Bhd 1.09
      2,324 words
    • Article, Illustration
      Lock icon TROUBLED WATERS
      48 12 Reuters [BEIJING] Dead fish wash up on the banks of the Mazitan reservoir. 70 km from Suining in south-west China's Sichuan province yesterday. About 500,000 kg offish have died due to the high water temperature caused by the scorching summer heat, local media reported. Reuters REUTERS
      Reuters; REUTERS  -  48 words
    • Article
      Lock icon Beijing to control growth of fixed-asset investments in H2
      272 12 Special attention to be paid to credit land, says planning chief Reuters [BEIJING] China's planning chief yesterday pledged to strictly control the pace of fixed-asset investment in the second half of the year, saying special attention would be paid to controlling
      Reuters  -  272 words
    • Article
      Lock icon China may scrap foreign tax breaks, restrict trade
      510 12 Trade surplus woes could see overseas firms losing perks Reuters [BEIJING] China is likely to set a unified corporate income tax rate of between 24 and 27 per cent, which would be phased in for foreign firms over as long as five
      Reuters  -  510 words
    • Article
      Lock icon China should diversify FX reserves with care: economists
      278 12 Reuters [BEIJING] China should be careful about diversifying its foreign-exchange reserves, two academic economists said in remarks published yesterday. The overseas edition of the People's Daily quoted Ding Zhijie, a professor at the University of International Business and Economics in Beijing, as
      Reuters  -  278 words
    • Article
      Lock icon 3-year jail sentence for NYT researcher
      187 12 Reuters [BEIJING] China jailed a New York Times researcher for three years for fraud on Friday, his lawyer said, one day after a blind human rights campaigner was convicted in what appears to be a clampdown on dissent. But the Beijing court dismissed a
      Reuters  -  187 words
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  • INDIA
    • Article, Illustration
      Lock icon Diamonds are still a girl's best friend in India
      650 13  -  Deßeers and retailers moving quickly to make the most of demand By PRIYANKA BHARDWAJ in New Delhi DIAMONDS are no longer a girl's best friend. The plasma TV now has her affection, according to a recent US study, which puts three
      AFP  -  650 words
    • Article
      Lock icon India plans law to screen foreign investment
      271 13 AP [KUALA LUMPUR] India is planning legislation to require screening of foreign investment in certain industries for national security reasohs, federal Commerce Minister Kamal Nath said. Such screening typically takes place in developed economies, Mr Nath said. "Thisis in line with what's I
      AP  -  271 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5399 13 UNIT TRUSTS FUNDS AB income A EUR 6.71/ AB Amer Income B EUR 6.71/ ABEurop Income Opp AT SGD 15.1/ AM Amro Asset Mgt (S'pore) AB Europ Income Opp ST SGO 15.1/ Star Elf ope Eqty! ft95W AB Europ Income Opp AT EUR 7 V Star Europe Bond 1.18# AB
      5,399 words
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      36 13 AllianzGl RCM Global Twin-Focus Fund a fund that offois you twin benefits Allianz (jfi) of potential quarterly payouts and limits possible downside. Visit OCBC Bank for Gjobal <>■ K vr more details. «v J nn l ;i.,,ffw)M/
      36 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Pop goes the bubble
      752 14  -  With real estate sales slumped against the wall, the US looks headed for a major housing bust PAUL KRUGMAN NYT [NEW YORK] Bubble, bubble. Toll's in trouble. This week, Toll Brothers, the nation's premier builder of McMansions, announced that sales were way off, profits were down,
      NYT  -  752 words
    • Article, Illustration
      Lock icon Ford may sell luxury brands to ex-CEO Nasser
      564 14 Bloomberg [SOUTHFIELD, Michigan] Ford Motor Co, restructuring after a US$l.44 billion first-half loss, may sell some luxury car brands to an investment group led by former chief executive officer Jacques Nasser, four people familiar with the discussions said. The talks focus on
      Bloomberg  -  564 words
    • Article
      Lock icon Battery recall will cost Sony up to US$257m
      375 14 AFP, Bloomberg [TOKYO] Japan's Sony Corp yesterday said that it expected to take a hit of up to US$257 million over the recall of millions of its batteries by US computer makers because of fears they could catch fire. Apple Computer said
      AFP,; Bloomberg  -  375 words
    • Article, Illustration
      Lock icon Govt to sell Telstra shares
      496 14 State to sell A$8b or a third of its stake in telco AP [CANBERRA] The government will sell its stake in Telstra Corp, starting with a third of its shares going on sale later in October and November, Australian Prime Minister John Howard said yesterday.
      AP; AFP FILE PHOTO  -  496 words
    • Article
      Lock icon Blackstone, Bain may join KKR in Coles bid
      315 14 Bloomberg [SYDNEY] Blackstone Group LP and Bain Capital LLC joined a bid led by Kohlberg Kravis Roberts Co for Australian retailer Coles Myer Ltd, ending plans for a rival offer, four people with knowledge of the talks said. Shares of Coles Myer,
      Bloomberg  -  315 words
    • WORLD WATCH
      • Article
        Lock icon Higher oil prices won't fuel inflation
        74 14 AFP [LONDON] The world economy can bear th,e brunt of even higher oil prices without facing a serious inflation problem, the governor of Australia's central bank said in an interview published in the Financial Times yesterday. Lan Macfarlane told the newspaper that he thought
        AFP  -  74 words
      • Article
        Lock icon Icahn,Lichtenstein end alliance
        77 14 Reuters [SEOUL] Carl Icahn and Warren Lichtenstein have ended their alliance under which they had offered together to buy KT&G Corp, South Korea's top tobacco company, according to a regulatory filing by the US investors. The move came after KT&G, a former state monopoly, said earlier this
        Reuters  -  77 words
      • Article
        Lock icon Ryanair sues UK govt for compensation
        67 14 AP [LONDON] Budget airline Ryanair yesterday filed a claim for £3 million (558.97 million) against the British government as compensation for the cost of new security measures enforced after a major terror alert. The Department for Transport said it would not roll back the
        AP  -  67 words
      • Article
        Lock icon Belgacom buys out Proximus for 2b euros
        70 14 AFP [BRUSSELS] Belgian telecommunications operator Belgacom said yesterday it was taking full control of its Proximus mobile phone unit by buying 25 per cent stake for two billion euros (Ss4 billion). Proximus and Vodafone have also signed an agreement to maintain commercial cooperation
        AFP  -  70 words
      • Article
        Lock icon Quickflix shares jump as Lachlan buys stake
        74 14 Bloomberg [SYDNEY] Lachlan Murdoch, the son of News Corp chairman Rupert Murdoch, bought a 10 per cent stake in Quickflix Ltd, an Australian online movie rental site. The company's shares jumped 40 per cent. Lachlan, 34, who quit News Corp last year, spent
        Bloomberg  -  74 words
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  • MOTORING
    • Article, Illustration
      Lock icon eship
      668 15  -  Why buy an entry-level model when you can get the high-performance version, especially if it does not cost that much more? The Chrysler 300C SRT8 and Ford Focus ST are two tuned alternatives well worth looking at By SAMUEL EE THE strangest thing about a Chrysler is that it
      WILLIAM WHEY  -  668 words
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      Lock icon Wheels to focus attention on
      591 15  -  By WILLIAM WHEY THE Ford Focus has been one of the besthandling units in the family car class since its introduction. And the second-generation model, launched last year, was very same. But if there's one flaw the Focus had then, it was in the power
      WILLIAM WHEY  -  591 words
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      Lock icon Could Satria be The One for Proton?
      593 15  -  By C Y CHEW TEST-DRIVING a Proton is not supposed to be fun. First of all, we're not somewhere exotic in Europe and the car won't have anything vaguely close to 100 hp per litre. Yet, piloting the Proton Satria Neo over the
      C Y CHEW  -  593 words
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  • GOLF
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      Lock icon Destination Singapore
      892 16  -  While some of the world's top Tour players will tee off in the Barclays Singapore Open next month, 24 top women golfers will compete in the Lexus Cup at the end of the year, says JUSTINE MOSS JUSTINE MOSS Some of the biggest names in professional golf will
      892 words
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      184 16 wine&dine withweekendßT Cafebiz Traders Hotel, Lobby level Tel: *****374 Cafebiz offers exotic Asian and local cuisine as well as tempting selections of global cuisine for buffet and a la cartedining. Specialties from the show'kitchen are traditional hand-made 'lamian', tandoori dishes and Chinese-style roasted meats. Highlights at buffet dinner are fresh
      184 words
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      322 16 Drunkefitive prawns and pepper crabs are at the Ordprd Cafe buffet Along wHh Its TaMaaill K porridge spread Asian specialities and over ffilwii aa the buffet table, the chefs special drunken prawns and^ Enjoy an extensive choice of hot and cold main courses and desserts. Kuali The Asian Kitchen Level
      322 words
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      135 16 homemade qfces and aromatic dshes, served buffet-style. Breakfast daily 6am to 1030 am. Lunch: Mon to Frf, 12pm to 230pm. High Tea:Satg and publkholidaysJ23Qjmto Rlstorante Bologna 6 Ratifies Boulevard, Marina Mandarin Singapore, Level 4. TeL *****111 Sample authentic Italian fare at Ristorante Bologna, one of the very first ttafian restaurants
      135 words
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  • WELLNESS
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      Lock icon Value spas in Bangkok
      1442 17  -  CHAMI JOTISALIKORN checks out some day spas in Bangkok as more Singaporeans fly there for great pampering deals at affordable prices CHAMI JOTISALIKORN IT'S no secret that some of Asia's most luxurious spas can be found in Thailand, but what savvy travellers are discovering is that
      1,442 words
  • Page 17 Miscellaneous
    • Miscellaneous
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      203 17 CRYPTIC CROSSWORD to some of the newspaper industry's problems $top meet trajn havjng YESTERDAY'S SOLUTION 28 Psalter she put out for religious ,k Across: 1 Press-up, 5 Sponsor, 9 event (3 46) 8 Vehicle with many of its wheels Elegiac, 10 Animals, 11 Ariel, 12 i/i 9 P Imperfect, 13
      203 words
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  • SHOPPING
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      Lock icon Vertu's latest flight of fancy
      993 18  -  The bespoke mobile phone marque's newest line targets globe-trotters, taking luxury travel to new heights, says CHEAH UI-HOON CHEAH UI-HOON JETSETTERS with a penchant for bespoke, luxury goods can now get a mobile phone to match their lifestyle with Vertu's launch of its third and
      993 words
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      Lock icon Mix 'n' match bags have wide appeal
      516 18  -  By PARVATHI NAYAR ZIPPED, colourful and naughtily named, Snatch bags by Singapore-based Louise Farnay make a distinctive fashion statement. The signature Snatch bags in styles such as Lucy or Ginger are a funky combination of brightly coloured leather and PVC strips that are
      516 words
    • IN STORE at the malls
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        Lock icon Philips LCD wonder
        144 18 BESIDES being HD ready. Philips's latest LCD TV (42PF9831 LCD) comes with a host of technological wonders, including Pixel Plus3 technology and the capability to produce up to four trillion colours. With its processing power doubled, Pixel Phis3 ensures that each pixel of the incoming visual is
        144 words
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        Lock icon Shabby chic
        130 18 DUNHILL'S new autumn/winter collection of casual leather bags features the Ensign crafted from hard-wearing, soft tumbled leather. Available as holdall (above), messenger, double gusset flat messenger, envelope, and tote, each bag comes equipped with additional zip back pockets, flat pockets and magnetic flap closures to better accommodate and
        130 words
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        Lock icon Autumn's luxurious feel
        131 18  -  Compiled by CHEAH UI-HOON, MIKE CHUA FASHIONISTAS can always expect a more luxuriant look in the Autumn/Winter collections it's all about exotic skins and pliant leather for urbane sophisticates. The new looks from On Pedder this season strike a balance between playfully romantic and edgy gothic. The
        131 words
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  • TRAVEL
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      Lock icon Designer labels for a song
      1196 19  -  Factory outlet shopping is fast becoming a must-do for Europe travellers as it offers a unique experience besides big bargains on the world's most prestigious fashion brands, says GOH HWEE LENG GOH HWEE LENG Mention it^iy and what comes to mind are good food, great
      1,196 words
    • Article
      Lock icon Tips for smart outlet shopping
      387 19 Timing: IF you are able to be flexible with the timing of your visit to the outlets, best is to go during the week as you don't have to contend with the local weekend crowds. And, of course, summer is always a lot busier than
      387 words
    • Article
      Lock icon Where to find them
      515 19 Factory Outlets in Italy OPENING times listed are a guide as some outlets change their operating hours depending on the season and festive holidays. Best is fo ring ahead to confirm or check with hotel concierge before heading out. The Mall Via Europa 8 ***** Lectio
      515 words
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  • THE BUSINESS TIMES weekend
    • Home and away
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        Lock icon Savour authentic Brittany fare
        499 20  -  By CHEAH UI-HOON LA P'TIT BRETON CREPERIE 200 Upper Thomson Road #01-11 A Thomson Imperial Court Tel: 6259 4300 Open from noon to 2.30pm and 6pm to 9.30pm, Wednesday to Sunday. Closed on Monday and Tuesday. FIRST, there was Creperie Armen, which introduced these Breton specialities
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        Lock icon Fusion of Arab, Western cuisine
        413 20  -  By CHEAH UI-HOON AMIRAH'S GRILL 22 Pahang Street Tel: 6344 1610 Open daily from noon to midnight. CHEF Ashraf Mohamed was quite surprised to find himself mentioned by Prime Minister Lee Hsien Loong in his National Day rally speech last week. And while the Egyptian
        FILE PHOTO  -  413 words
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        Lock icon Cafe with a dollop of Vienna
        410 20  -  By CHEAH UI-HOON WIENER KAFFEEHAUS 148 Neil Road Tel: *****148 Open from 10 am to 10 pm daily. WALKING into Wiener Kaffeehaus is like walking into any typical coffeeshop in Vienna, or elsewhere in Europe, with its dark wood fittings and art nouveau decor.
        410 words
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        Lock icon From Russia with love and authenticity
        524 20  -  By GEOFFREY EU KALINKA-MALINKA 143 Tanglin Road #02-01/04, Tudor Court (next to Tanglin Mall) Tel: 6738-8993 Lunch: 11.30 am to 3 pm. Dinner: 6.30 pm to 10.30 pm. Closed on Mondays. THE name of the Russian restaurant Kalin-ka-Malinka has a happy melodic ring to
        524 words
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        Lock icon Real deal Swiss meals
        485 20  -  By GEOFFREY EU STAMMTISCH RESTAURANT AND BAR 805 Bukit Timah Road #01-04 Sixth Avenue Centre Tel: 6468-1649 t Lunch: 12 pmto 2.30 pm. Dinner: 6.30 pm to 10.30 pm. Closed on Mondays. WHILE several newbie restaurants have been busy generating a buzz along the stretch of
        ARTHUR LEE  -  485 words
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