The Business Times, 5 September 2006

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Microfilm: NL27051
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 the Business Times y*w th ANMIVIISARY JD SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 0991/03/2006 Tuesday September 5,2006
    24 words
  • Article
    Lock icon Temasek favours China assets that tap into growing middle class
    742 1 Bloomberg [SINGAPORE] Temasek Holdings Pte Ltd, the largest overseas investor in Chinese banks, says it has spent more than SsB billion buying assets in the country and plans to add more to capitalise on the nation's growth. The Singapore investment
    Bloomberg  -  742 words
  • Article, Illustration
    Lock icon M'sian report on opening up of KL-S'pore air sector soon
    785 1  -  KL minister says liberalisation will benefit both countries' tourism, trade, investment By PAULINE NG in Kuala Lumpur MALAYSIA will present a report to Singapore within days on whether to open up the long-protected and highly popular Kuala Lum-pur-Singapore air sector
    FH.E PHOTO  -  785 words
  • Article
    Lock icon MARKETS DIGEST
    136 1 STI 2,***** (+28.96) ST INDEX FUTURES 2,525.00 (+28.00) SIMSCI 300.70 (+3.43) SIMSCI FUTURES 301.30 (+3.20) MARKETS Monday Change KLSECOMP 968.22 +7.53 NIKKEI 225 16,358.07 +223.82 HANG SENG 17,513.88 +90.16 SET INDEX 703.53 +7.09 JAKARTA COMP 1,469.56 +25.07 MANILA COMP 2,371.10 +41.66 SEOUL COMP 1,359.06 +2.39 SHENZHEN 8 292.94
    136 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      406 2 Indonesia aims to double GDP in 10 years: Yudhoyono INDONESIA could double its gross domestic product in 10 years and help South-east Asia become a "third engine" of growth to complement China and India, said President Susilo Bambang Yudhoyono yesterday. He spelled out Indonesia's financial and economic reforms,
      406 words
    • Article, Illustration
      Lock icon Vital for Asean to maintain links beyond Asia: PM Lee
      568 2  -  Markets and technology will stay in US, developed countries for now By CHUANG PECK MING [SINGAPORE] As they ride the Asian economic boom and expand links in the region, South-east Asian countries including Singapore must continue to strengthen their ties
      FILE PHOTO  -  568 words
    • Article
      Lock icon A first step that could free up the skies faster
      626 2  -  COMMENTARY By VEN SREENIVASAN IT MAY finally happen. Politicians on both sides of the Causeway have hinted that the Kuala Lumpur-Singapore air route could be open to budget carriers from the two countries before a 2008 deadline for partial liberalisation
      626 words
    • Article, Illustration
      Lock icon Philips to open power LED plant here
      663 2  -  By AMIT ROY CHOUDHURY [SINGAPORE] Royal Philips Electronics yesterday announced that it would hire 900 people for a new production facility to make power LEDs (light emitting diodes) in Singapore. These LEDs are used for LCD displays, signages and camera flashes for mobile
      663 words
    • Article, Illustration
      Lock icon Indonesia aims to double GDP in 10 years: Yudhoyono
      404 4  -  FORBES CEO CONFERENCE Indonesian leader highlights nation's investment potential By DANIEL BUENAS [SINGAPORE] Indonesian President Susilo Bambang Yudhoyono yesterday said the country could double its gross domestic product in 10 years and help Southeast Asia become a "third engine" of growth
      ARTHUR LEE  -  404 words
    • Article
      Lock icon World can weather shock even over Iran: Forbes
      628 4  -  By DANIEL BUENAS [SINGAPORE] The global economy is at its strongest in over four decades and is resilient enough to withstand near-term turmoil such as action by the United States and its allies against Iran over its nuclear programme, billionaire and financial
      628 words
    • Article, Illustration
      Lock icon CEOs of property firms upbeat on Asia
      576 4  -  By ARTHUR SIM [SINGAPORE] The property market in Asia is booming, but CEOs of real estaterelated businesses are selective about how they spend their money. Speaking at the Forbes Global CEO Conference session on global real estate yesterday, Grant Kelley, chief executive of
      LAU FOOK KONG/ST  -  576 words
    • Article
      Lock icon Focus on tech products, not services
      265 4  -  New product development is key for S'pore, says Hotmail co-founder By ROLAND LIM [SINGAPORE] Singapore should focus on products and not services in the technology industry, according to Sabeer Bhatia, chief executive of Navin Communications, and better known as one of the founders of
      265 words
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      11 2 people No mountain high enough. www.thepeopleatwork.com Asia-Pacific Executive Search your > •< .;> >J; ,''■»'.-"■■■■•:'•<?
      11 words
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      60 4 WM I I ■mi jor mJ-W*jß&?' l -1 1 «L I M mJMB% -t <. jjnj&Mi J w BBftft»! fAr jfS^r^ih'lit W IS^SI > XMBBMB^KEmmM^Kk I f jt IMH, tl The Starworth group offers today's sophisticated diners 11 exactly what they want excellent cuisine, unique themes O I Al< VVUK
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Informatics ex-CEO's trial starts next week
      395 5  - Informatics ex-CEO 's trial starts next week He denies charges of inflating company's profit statements By CONRAD TAN THE former chief executive of the troubled private education group Informatics has decided to claim trial on changes of inflating the company's profit statements three years ago. In the Subordinate Courts yesterday,
      FILE PHOTO  -  395 words
    • Article
      Lock icon Why the big fuss about gaining control of integra2000?
      1001 5  -  HOCK LOCK SIEW By MICHELLE QUAH PREVIOUSLY all but unheard of, Sesdaq-listed integra2ooo Ltd has suddenly become the subject of an intense power struggle between two groups of shareholders. Which begs the question: just what does this little-known human resources technology
      1,001 words
    • Article, Illustration
      Lock icon Citiraya faked sales, recycling test results
      578 7  -  By MICHELLE QUAH KEY findings from independent investigations into what went wrong at beleaguered e-waste recycler, Citiraya Industries, have been released to the public by one of Citiraya's white knights, Heshe Holdings. In a circular to shareholders detailing its investment plans for Citiraya, Heshe
      FILE PHOTO  -  578 words
    • Article
      Lock icon Chemoil set to launch S'pore IPO this month
      503 7  -  Group lodges prospectus with MAS to sell 382.2 million shares By LESLIE YEE CHEMOIL Energy, which market players expect will raise between US$4OO million and US$5OO million, looks set to launch its initial public offering (IPO) towards the end of this month
      503 words
    • Article
      Lock icon Advanced bags three deals worth $15.2 m
      315 7  -  By CHEW XIANG ADVANCED Holdings has secured three petrochemical projects worth a total of $15.28 million in the Middle East and China. Two of the projects are in China, with one involving the design and supply of analysers in a plant upgrade for
      315 words
    • Article
      Lock icon Tay not on SFA charge: Airocean
      250 7  -  By MICHELLE QUAH AIROCEAN has corrected an announcement it made at the weekend, saying yesterday that its former CEO Thomas Tay has not been charged with breaching the Securities and Futures Act. Airocean announced on the Singapore Exchange website on Saturday that Tay had
      250 words
    • Article
      Lock icon S&P coverage on 14 stocks
      417 9  -  Among them are 7 with 'buy' or 'strong buy' recommendations By JEAN CHUA STANDARD Poor's Equity Research has initiated coverage on 14 stocks under the SGX-MAS Research Incentive Scheme, with seven "buy" or "strong buy" recommendations among them. The "strong buy" stocks are LMA International,
      417 words
    • Article, Illustration
      Lock icon Wearnes takes over Renault franchise
      319 9 WEARNES Automotive, a wholly owned subsidiary of manufacturing and automotive group WBL Corp, has secured the exclusive rights to import and distribute Renault vehicles in Singapore. Wearnes, which takes over the franchise from businessman Peter Kwee of Group Exklusiv, will sell Renault passenger cars and
      319 words
    • COMPANY BRIEFS
      • Article
        Lock icon Ascott sells Tokyo property stake
        36 9 THE Ascott Group is selling its 40 per cent stake in Somerset Roppongi Tokyo to Ascott Residence Trust for $20.7 million. Ascott will realise a net divestment gain of about $300,000.
        36 words
      • Article
        Lock icon Two Manhattan directors to quit
        51 9 MANHATTAN Resources (formerly known as Links Island Holdings) announced yesterday that as part of a planned transition of management and leadership of the company, two directors will be resigning on Sept 10 CEO and managing director Loo Woei Harng and executive director Jason Tan Kwee
        51 words
      • Article
        Lock icon Ascendas buys China office cluster
        56 9 ASCENDAS has made its first acquisition in Nanjing with the purchase of an integrated cluster of four new hi-tech office buildings and adjacent amenity centre. The property cluster, formerly called Creative International Centre, has been rebranded Ascendas iHub and is targeted at customers in China's
        56 words
      • Article
        Lock icon ST Engg unit sets up S'pore firm
        46 9 ST ENGINEERING yesterday said its US company, Vision Technologies Systems, has set up a wholly owned subsidiary in Singapore, iDirect Singapore Pte Ltd (iDirect Singapore) through iDirect International. The unit will support Asia-Pacific region's satellite-based broadband IP solutions market.
        46 words
      • Article
        Lock icon Ang Kong Hua is Yantai director
        35 9 CHINA'S yard Yantai Raffles Shipyard Ltd has appointed Ang Kong Hua as a director with effect from Sept 1,2006. Mr Ang, 62, is an executive director 6f NATSTEEL Ltd.
        35 words
      • Article
        Lock icon Aztech to move to mainboard
        40 9 AZTECH Systems Ltd yesterday said it has received in-principle approval from the Singapore Exchange to transfer its shares from the secondary Sesdaq board to mainboard. The effective date of the transfer will be announced later.
        40 words
      • Article
        Lock icon China Motion trading suspension
        36 9 CHINA Motion Telecom International yesterday sought a suspension in the trading of its shares pending the release of an announcement in relation to the proposed subscription of new shares of the company.
        36 words
      • Article
        Lock icon HPL unit to buy 70% of Palmco
        54 9 HOTEL Properties Limited said its unit, HPL Properties (SEA) Pte Ltd, has entered into a sale and purchase agreement with IOI Oleochemical Industries to buy 70 per cent of Malaysia's Palmco for RM17.03 million (S$7.3 million). The remaining 30 per cent will be
        54 words
    • Article
      Lock icon Biosensors says its stents not a higher risk
      444 9  -  By JEAN CHUA SINGAPORE'S Biosensors International said patients using its stents are not at a greater risk of heart attack or death than those using bare metal stents. The maker of medical devices said this yesterday in response to a query by
      444 words
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      466 words
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      84 7 ra£Z3fliKiiisMHH -i From delivering motorcycles worldwide to getting a unique collectible safely to Daytona Bike Week, Volker Oesau knows what counts in motorcycle logistics. Because he's passionate about bikes, too. We think the best way to help your business is to know it as well as ours. It's the spirit
      84 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Soft US data continues to lift stocks
      513 8  -  STOCKS Banks and Jardine stocks shine again as Straits Times Index puts on 28.96 points R SIVANITHY Senior Correspondent WALL Street's rise last Friday in the wake of soft US job numbers ensured a fifth consecutive rise for the Straits Times Index yesterday,
      Source: Bloomberg  -  513 words
    • Article, Illustration
      Lock icon TRADES TO WATCH
      994 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Sep 4 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ BuyI Shares Per Before After Stock Date Director Sell '000 Shr S (000) T000J Hersing Corp 1-Sep-06 Chua Wah Eng Buy 120 0.16 *****9 63.57 *****9 63.64 LeeKimTah 1-Sep-06 Lee
      994 words
    • Article, Illustration
      Lock icon BROKERS'TAKE
      957 8  -  Compiled by UMA SHANKARI Bio-Treat Technology Sept 4 close: $0,770 CITIGROUP RESEARCH. Sept 4 WE HAVE: cut our FYO7E and 08E earnings estimates by 28 per cent and 39 per cent respectively; raised the risk profile for the group from Medium to High; lowered our target PE from IS
      Source: Bloomberg  -  957 words
    • Article, Illustration
      Lock icon US jobs don't impress, yen leads units' gains
      555 8  -  CURRENCIES LARRY WEE Senior Correspondent A LARGELY expected outcome for August US jobs stats last Friday did not buy the US dollar any meaningful respite in Asian trading yesterday. And contrary to recent currency price action, it was the turn of Asian
      Source: Reuters  -  555 words
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      84 9 RHHHn gl- -■r a "PfVin Js SB M Bw >v Marketing Agent: Developer: A Joint Venture by: Artesian I Amston Properties Pte Ltd HSR Land Resources Group (ffl <><*.»*>. d.** Group) YOUR FIRST CHOICE IN REAL ESTATE Pte LtCI US2I Since 1980 Tenure of Land Freehold on lot(s) 564, 565
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      Lock icon Page 9 Advertisements Column 2
      140 9 I The Kellogg-HKUST Executive MBA Program cordially invites you to participate in its activities in Singapore during its upcoming Asian Tour on Monday, 11 September 2006. Jointly offered by the Kellogg School of Management, Northwestern University and the Hong Kong University of Science and Technology's Business School, the Kellogg-HKUST EMBA
      140 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon SM to Asia: Seek bigger say in IMF
      726 10 Region has become more important in global economic growth, he says Bloomberg SINGAPORE and other Asian countries should push for a bigger voice in the International Monetary Fund as the region gains importance within the global economy, Senior Minister Goh Chok Tong
      Bloomberg; ARTHUR LEE  -  726 words
    • Article
      Lock icon PMI rebounds, but outlook hazy
      374 10  -  By ANNA TEO THE purchasing managers' index (PMI) rebounded with stronger new orders and output in August, but some uncertainty hangs over the outlook for the rest of the year. The index, a barometer of the manufacturing sector, added 1.3 points from July to 52.3
      374 words
    • Article
      Lock icon Courts megastore to cost $80m
      375 10  -  4-storey Tampines building to open by year-end By UMA SHANKARI COURTS (Singapore) said yesterday that it would invest $80 million in its new Courts Megastore in Tampines. The company, Singapore's largest furniture, electronics and IT retailer, also said that it was looking to fill 250
      375 words
    • Article
      Lock icon Far East's unit sells $210m bonds: source
      149 10 Reuters LUCKY Square Pte Ltd, a unit of Singapore's property developer Far East Organization, has sold $210 million worth of five-year bonds, a source close to the deal said yesterday. The bonds were sold by a special-purpose vehicle, Lucky Condotel, and were bought
      Reuters  -  149 words
    • Article, Illustration
      Lock icon PM Lee, Yudhoyono stress need to continue SEZ work
      352 10  -  Leaders say gap on outstanding issues narrowed By LAUREL TEO A RECENT effort to draw more investments to boost the growth of the Riau Islands of Batam, Bintan and Karimun was discussed yesterday by Prime Minister Lee Hsien Loong and visiting
      SIN THAI/ST  -  352 words
    • Article, Illustration
      Lock icon DBS gets enhanced Reuters risk system
      262 10 REUTERS said yesterday that it has implemented an enhanced version of Reuters Kondor Global Risk (KGR) at DBS Group. This version of KGR is meant to help manage market risk by integrating and sharing the pricing models and market rates used by traders, back
      262 words
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      96 10 TAX Our qualified professionals j can assist you with offshore structures, shelf companies and incorporations in ALL jurisdictions including: PaggWjWfMJßritish Viroin Islands Cayman fsiand»:«3l i■ i I Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For
      96 words
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  • ENTERPRISE & INNOVATION
    • Article, Illustration
      Lock icon Joining hands for growth
      1402 11  -  A successful local business hinges on three parties, says CHEN HUIFEN CHEN HUIFEN JUST like marriage, a successful business depends on finding the right partner, though a business may have more than the one alliance that a monogamous society allows. Enterprises have been known to leverage
      FILE PHOTOS  -  1,402 words
    • Article, Illustration
      Lock icon Mozat unleashes the potential in mobile devices
      978 11  -  By CHEN HUIFEN THE beginnings of homegrown mobile solutions provider Mozat were very similar to those of Yahoo and Google. Two friends were working on their PhDs when they stumbled on an idea. "Basically, we saw that people were using mobile devices for
      ARTHUR LEE  -  978 words
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  • SMEspotlight
    • Article, Illustration
      Lock icon Room for SMEs in logistics
      1758 12  -  Players are forming alliances to expand their services, scale up their infrastructure and increase their capacity, writes NANDE KHIN NANDE KHIN WITH the growing affluence in Asia on the demand side and the emergence of China and India as the world's factories on the supply
      1,758 words
    • Article, Illustration
      Lock icon Brimming with optimism
      1024 13  -  SMALL CAPS Full Apex expects strong demand for PET bottles to drive organic growth, reports NANDE KHIN NANDE KHIN CHINA-based PET bottle maker Full Apex (Holdings) Ltd is counting on strong growth in demand for soft drinks and other bottled drinks to drive its own organic growth,
      1,024 words
    • Article
      Lock icon Bonvests is big mover
      345 13  -  By TEH HOOI LING IT HAS been a relatively good few weeks for the stock market with many counters making decent gains. Bonvests was the biggest mover in our portfolio, advancing 18 per cent in the last two weeks. Last month, the group which has interests
      345 words
    • Article, Illustration
      Lock icon ESG eyes untapped sports markets in region
      656 13  -  By OH BOON PING THE race is on for sports marketing firm Enterprise Sports Group (ESG), even as the company aims to regionalise its marketing presence. In a recent interview, managing director Terence Khoo, 35, told BT that untapped business opportunities abound in
      YEN MENG JIIN  -  656 words
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      96 12 3G connection Email with attachments High speed browsing. iHiliiiiiiiiiiiEl Send and receive email on the go. I r P*\ !■>■■■( fi Jiimu —H h M» Hi* iHiiiitlTl liiiii'iill ■■SHI I a'aWsfl MM&S|Hp I f 1 I 1 Subject Reminrjpi B Clock Contacts log Tool; I QWERTY Keyboard H II I
      96 words
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      121 13 Nokia for Business B l A >1 1 I It-: I Nokia E61. Imagine what it jt-UJ can do for you. jfiferffl i «i«i3 «,l" 3 ii r —-.f—jT— ~m \l Optimised for mobile email easy access to email solutions like I 1 i it* f l f 1 Blackberry
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Thai exports shine even as GDP slows in Q2
      588 14  -  Falling levels of confidence begin to show impact on the economy By OUR CORRESPONDENT in Bangkok ROBUST exports continued to be the shining star in the economic growth story of Thailand, although fears of a continued drawn-out political crisis are likely
      AFP  -  588 words
    • Article
      Lock icon Fuller rupee float presents challenges to Indian govt
      514 14 Reuters [MUMBAI] A five-year road map to take India to fuller rupee convertibility appears optimistic in its timeframe, analysts say, because some of the key recommendations will challenge the government and may not find favour with the central bank. The road map,
      Reuters  -  514 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      4742 14 UNIT TRUSTS FUNDS AB Amer Income BT USD MI AB Amer Incomt A USD 8.5V AB Amer income B USO 8.58/ AM Amro Aaeat Mgt (S'pori) AB Amer Income A EUR 6.68/ Star Europe Eqtyl** .197/ aB Amer Income B EUR 6.68/ Sar Europe Bond 1.1W AB Europ Income Opp
      4,742 words
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  • MALAYSIA
    • Article
      Lock icon Intel M'sia to axe up to 2,000 in voluntary scheme
      218 15 [PENANG] Intel Malaysia is implementing a second voluntary separation scheme (VSS) tomorrow which is expected to involve between 1,000 and 2,000 employees in the country, The Star reported yesterday. The exercise is part of Intel's worldwide VSS scheme said to
      218 words
    • Article, Illustration
      Lock icon KL Budget spending surge boosts construction firms
      462 15 Analysts expect revival in building sector, domestic consumption Bloomberg [KUALA LUMPUR] Shares of Gamuda Bhd, IJM Corp and other Malaysian builders rose after Prime Minister Abdullah Ahmad Badawi unveiled his first "expansionary" Budget, boosting spending to revive the building industry. Malaysia on Sept
      Bloomberg; BLOOMBERG  -  462 words
    • BRIEFLY ASIA
    • Article
      Lock icon Khazanah set to revive plan to tap up to US$1b
      259 15 Reuters [KUALA LUMPUR] Malaysia's state investment arm has revived plans to raise between US$5OO million and US$l billion in Islamic convertible bonds, a source familiar with the plan said yesterday. Khazanah Nasional Bhd has stakes in firms making up about
      Reuters  -  259 words
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      129 15 'Asia InciSinaaoore. 2004 m y r "sE -Jy§: I; «9| i iM m U 4«» H. f < Hr 1 fr si 'II Program Highlights Intensive world class program for working professionals in Singapore. Convenient class timings. Comprehensive specializations in Marketing, Finance and Operations. Internationally renowned faculty from S PJain,
      129 words
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      Lock icon Page 15 Advertisements Column 2
      47 15 Reasons I K. r >■ E9 IEOffIBDBSHBiiHHH^HBIHHBBHBkHiiIHBH^ t i Far East Hotels unveil refurbished Executive Rooms in 5 convenient locations. Visit www.fareasthotels.com.sg HHHHHHHHHHI and discover more reasons to stay. A R EAST HOTELS Albert Court Hotel Changi Village Hotel Golden Landmark Hotel Orchard Parade Hotel The Elizabeth Hotel
      47 words
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  • GREATER CHINA
    • Article
      Lock icon New rules threaten red chip offerings
      557 16 IPOs face delays if guidelines require companies to restructure again [HONGKONG] Sponsors of initial public offerings of red chips in Hongkong and New York fear the market could come to a halt if new regulations governing the transfer of mainland assets to overseas shell
      557 words
    • Article
      Lock icon Chinese foreign investments double
      211 16 Reuters [BEIJING] Chinese firms' investments in non-banking sectors overseas more than doubled in 2005 to U5512.26 billion, the first time the figure hit double digits, the Commerce Ministry said yesterday. China has been encouraging its companies to make overseas forays to secure resources, build brands and
      Reuters  -  211 words
    • Article
      Lock icon China's foreign reserves at record US$954.5b
      205 16 Reuters [BEIJING] China's foreign exchange reserves hit a new record of U*****.5 billion at the end of July, a move that increased upward pressure on the yuan, Chinese Vice-President Zeng Qinghong said in remarks published yesterday. In a front page article in the Study
      Reuters  -  205 words
    • Article
      Lock icon Sands pumps up Macau investment
      243 16 AFP [HONG KONG] US gaming giant Las Vegas Sands will boost its investment in Macau's Cotai Strip casino resorts by 25 per cent to US$lO billion, a report said yesterday. Sheldon Adelson. the company's chairman and chief executive, said the group will spend US$2 billion
      AFP  -  243 words
    • Article
      Lock icon Ford, China's Fuyao halt asset sale talks indefinitely
      515 16 Reuters [SHANGHAI] Talks between Ford Motor Co and China's Fuyao Group Glass Industries Co on the sale of some of Ford's North American glass-making assets have been halted indefinitely, industry sources said yesterday. The talks have been suspended because they were disclosed
      Reuters  -  515 words
    • Article
      Lock icon BURSA MALAYSIA
      2198 16 vol General Gorp .0*0 0.03 US Uf* w- cm) Genting .25.75 0.95 976 Gaorge Kant .0.50 0.01 111 ASM Realty 143 -001 3 GHL Systems 025 0X11 3434 Abric *32 uneh 6 GiobetrontciTech .029 unch 243 ACPindustrias -0.91 0.03 390 GlomeclM- 1.00 uneh 72 Advance Synergy All uneh
      2,198 words
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      1164 16 In the Matter of IN THE MATTER OF THE ¥yil I A.S-ARR AY"* Tha Compenles Act, Cap. 50 COMPANIES^ACT, CAP. 36 In the Mattar of IN THE MATTER OF QAULEOPHARMA SINGAPORE POH SENG HOUSING Willas-Array Electronics (Holdings) Limited PTE. LTO- DEVELOPERS (PTE.) LTD (IN MEMBERS'VOLUNTARY WHiAS-ARRAY ELECTRONICS (HOLDINGS) UMITED (ln
      1,164 words
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  • INDIA
    • Article
      Lock icon ICICI, Canara to bid for United Western Bank
      526 17 Expansion into Maharashtra bank's strong rural base a big attraction Bloomberg [MUMBAI] Indian lenders including ICICI Bank Ltd, the second-largest in which Singapore's Temasek Holdings and the Government of Singapore Investment Corporation (GIC) have stakes and Canara Bank are bidding to acquire
      Bloomberg  -  526 words
    • Article, Illustration
      Lock icon KASHMIR'S FLOOD MISERY
      51 17 [SRINAGAR. India] Kashmiris leaving their flooded neighbourhood on a boat in Srinagar yesterday. Flood waters started receding after heavy monsoon rains claimed at least eight lives over the past three days in Kashmir and cut off more than 200 villages inhabited by thousands of people, officials said.
      AP  -  51 words
    • Article
      Lock icon Cairn could rake in £3b from float of India assets
      418 17 Rajasthan reserves make up 3-quarters of company's value [LONDON] Oil exploration company Cairn Energy will this week unveil further details of its plans to float its assets in the northern Indian state of Rajasthan on the Indian stock exchange, which
      418 words
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      9 17 I I I more zhou re I I expensive!
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      348 17 CONGRATULATIONS to the Winners of the 10th Asia Insurance Industry Awards 2006 jpNPMNMMMMqMiaMM Life Insurance Company Reinsurance Broker A HSBC International Life J »l Benfield HJ*- J1 4.-. V >::v y Jf F General Insurance Company r I AHA S' 1 General Reinsurer J| l 3 M lSu l\v Loss
      348 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Japanese Internet tycoon pleads not guilty to fraud
      427 18  -  Ex-Livedoor CEO denies falsifying profit figures to boost share price By ANTHONY ROWLEY in Tokyo THE trial of Japan's once high-flying Internet services tycoon Takafumi Horie on charges of securities laws violations began in Tokyo yesterday with the young man sticking to
      427 words
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      Lock icon 'Crocodile Hunter' Steve Irwin killed by stingray
      478 18 AFP [SYDNEY] Iconic Australian wildlife daredevil Steve Irwin died as he loved living: seeking out the world's most dangerous and exotic creatures in their own domain. The ebullient environmentalist, one of Australia's best known exports, was killed when he was lashed in the
      AFP; AFP FILE PHOTO  -  478 words
    • Article
      Lock icon Mid-Easterners behind West Ham bid
      409 18 They eye profits from buying and selling players Bloomberg [LONDON] Middle Eastern billionaires are behind the proposed takeover of West Ham, several newspapers, including the Sunday Express, report. An unidentified group of businessmen is targeting the East London club and is "poised" to stalk other
      Bloomberg  -  409 words
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      175 18 HE'S THE WORLD'S LEADING YOUTH AND I Brand Forum TECHNOLOGY BRANDING GURU. >-/—»» HIS WRITINGS ON YOUTH AND MEDIA TECHNOLOGIES REACH 4 MILLION PEOPLE EVERY WEEK. HIS BOOK 'BRAND CHILD' HAS REVOLUTIONIZED HOW COMPANIES COMMUNICATE WITH THE YOUTH. i|■wu This November, the most anticipated forum on Brands returns for two
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  • WORLD
    • Article
      Lock icon Scepticism dogs UK supercasino site selection
      649 19 Critics allege the Millennium Dome has already been chosen as the spot AFP [LONDON] Candidates staking their claim to set up Britain's first Las Vegasstyle "super casino" have begun making their cases, despite suspicions the game is rigged in favour of a government-backed London
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    • WORLD WATCH
      • Article
        Lock icon Nokia to move 2.000 extra staff to Siemens
        59 19 Reuters [HELSINKI] Nokia said yesterday it would reorganise its corporate support business and move an extra 2,000 staff to its planned joint venture with Germany's Siemens. Nokia and Siemens agreed in June to merge their telecoms network equipment businesses, forming the world's
        Reuters  -  59 words
      • Article
        Lock icon News International launches free paper
        51 19 AP [LONDON] Rupert Murdoch's News International is jumping into an increasingly crowded London market for free newspapers yesterday with the launch of thelondonpaper. More than 400,000 copies of the paper were planned for the first run, said News International, the main UK subsidiary of News
        AP  -  51 words
      • Article
        Lock icon DME to offer 3 classes of membership
        44 19 Bloomberg [DUBAI] Dubai Mercantile Exchange (DME), a venture between Dubai's government and the New York Mercantile Exchange Inc, said it will offer three classes of membership as it prepares to start commodity and energy futures trading. —Bloomberg
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      • Article
        Lock icon Thai election likely to be delayed
        86 19 Reuters [BANGKOK] Thailand's Senate will meet this week to select a new set of Election Commissioners although the process has taken so long it is doubtful an Oct 15 general election can go ahead as planned, government officials said yesterday. Senator Wallop Tangkananurak, a
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      Lock icon If you've got it, flaunt it at the Millionaire Fair
      454 19 AFP [CANNES] A Bentley, a new private jet or an 18-carat gold diamond-studded phone were some of the items on offer last weekend at a new fair for the very wealthy in the southern city of Cannes. The Millionaire Fair
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    • Article
      Lock icon London banks paying top dollar for accountants: study
      295 19 Reuters [LONDON] Strong demand and short supply is pushing salaries for newly qualified accountants in the financial services industry here to record levels, according to a study released yesterday. The average total pay package offered by investment banks and other financial services
      Reuters  -  295 words
    • Article
      Lock icon Aston Martin boss eyes management buyout
      235 19 Reuters [LONDON] Aston Martin chief executive Ulrich Bez is planning a management buyout of the luxury sports car maker, put up for sale by Ford Motor Co last week as it frees up funds to invest in other brands, weekly newspaper The Sunday Times
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      127 19 cafebiz Lobby Level, Traders Hotel, 1A Cusceden Road, Singapore *****6. HHHHHHHHHHH For reservations, call 6831 4374 Diners Club Card t» apply, can o9so MSggSHy A World of Exclusive Privileges Treats Diners Club www.Jiners.com.sg \hiteiixataanaf jm Bistro 21 Larissa Cafe Nirvana Millenia Walk #01-54, Tel: 6333 4514 Orchard Hotel Shopping Arcade
      127 words
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      117 19 Mid-Autumn Feast Outing f fa J ®V riid-Oufunn IK tfo A fcv«:! pjj" mf of ;<? I o'-tf IK f( s I on d J' jy thm moonco^c ''pcfHo'. T'f? rh l co"c f l* C trlpta ce'oh'oftic VI^P»C Cor'tiv? con qatbpr t h&r end onjjy/ a r> 0 One
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  • SHIPPING
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      Lock icon Dalian Port shelves plan to buy Jinzhou
      527 20 Jinzhou Port's shares hit three-week low after announcement Bloomberg [BEIJING] Dalian Port, operator of China's third-largest oil port, has suspended its plan to buy Jinzhou Port Co Ltd, a smaller rival also located in north-east China. Jinzhou Port said in a brief statement
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    • Article
      Lock icon M'sia exempts ship rentals from income tax
      211 20 Bernama [KUALA LUMPUR] The government on Friday proposed that rental payment of ships under voyage charter, time charter or bare boat charter to a non-resident by a resident company in Malaysia be exempted from income tax. Currently, rental payment made to a non-resident
      Bernama  -  211 words
    • Article
      Lock icon Nov S'pore meet for counci overseeing anti-piracy centre
      428 20  -  By GEORGE JOSEPH [SINGAPORE] Singapore is to host, in November, the first meeting of the governing council of the Information Sharing Centre (ISC) of a regional group on combatihg piracy, ReCAAP. The Regional Cooperation Agreement on Combating Piracy and Armed Robbery Against
      428 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2230 20 CITY FUGKT FT* FU6NT FTO SQ493 0735 EK352 2225 EIC404 1405 MS9492 2335 1UQ771 V750 Acngg 2215 EK348 1650 NZ4354 2335 io3o ITSO all "J2S 1650 ***** 2335 AF8087 1850 QF82 2215 g® S" 5 BA7381 1850 LH9770 2345 OF81 1850 S0229 2345 Fre*ktWt AC9951 0635
      2,230 words
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  • Page 20 Miscellaneous
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      311 20 CRYPTIC CROSSWORD 5 Not in form but easily defeat the others (8) 1 What the unpopular cand,- Rsh jn |ake? date will do? (5,2,4' the opposite (5) 9 Unqualified actor's position r r on staoe? (9) 7 Clty com P an y 9 a,ns a rem ciT? At cord couple
      311 words
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  • AVIATION
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      Lock icon Biman employees threaten to shut airports
      319 21 AFP [DHAKA] Thousands of employees at Bangladesh's national carrier Biman yesterday threatened to shut down the country's airports this week to demand payment of wages and a US$95 million government bailout. Unions representing the state-run carrier's pilots, ground workers and managers formed a united
      AFP  -  319 words
    • LOG BOOK
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        Lock icon Electrical fire delays Northwest flight
        112 21 AP [DULUTH, Minnesota] A Northwest Airlines flight to London made an emergency landing after smoke was reported in the cabin, and passengers waited aboard for nearly 10 hours before the trip was cancelled. Flight 44 from Minneapolis landed without incident just before 9.50 pm on
        AP  -  112 words
      • Article
        Lock icon Technical fault grounds AirAsia flight
        76 21 Bernama [LANGKAWI] Some 135 passengers of an Air Asia flight from Langkawi to Kuala Lumpur were delayed 10 hours after an aircraft developed a technical fault here and could not take off as scheduled at 12.50 pm on Sunday. Malaysia Airports Bhd (MAB) manager Mustafa
        Bernama  -  76 words
    • Article
      Lock icon Bimantara sells 20% stake in aircraft unit
      334 21 Bloomberg [JAKARTA] PT Bimantara Citra, Indonesia's biggest media company, plans to sell a 20.1 per cent stake in unit PT Indonesia Air Transport, which will be the nation's first aircraft charter company to offer shares to the public. Bimantara aims to sell as
      Bloomberg  -  334 words
    • Article
      Lock icon Qatar plane lands in Beirut amid blockade
      445 21 Israel says flight won't have been possible without clearance by it AFP [BEIRUT] A Qatar Airways flight arrived in Beirut from Doha yesterday in defiance of an Israeli air and sea blockade of Lebanon. Flight QR 422 arrived in the Lebanese capital shortly
      AFP  -  445 words
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      225 21 ICT/ZUJI Deals of the Week il-SM* r 0k 'fvrJtfjj fcmii' fIP" BUSINESS CLASS {from ECONOMY CLASS (from HOTEL (from New Delhi $840 $350 $36 Indian Airlines Indian Airlines DESTINATIONS BUSINESS PASS (horn D ECONOMY CLASS (from S) HOTEL from S) WEAIHE* Bangkok $565 (Swiss International) $148 (ThaiAimays) $42 Rah Hong
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  • EDITORIAL & OPINION
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      Lock icon Tough call for BOJ on tackling inflation
      569 22 EDITORIAL THERE was a horrified reaction among some economists when it was learned that consumer price inflation in Japan has been running at significantly lower levels recently than stated previously. The Bank of Japan was as good as accused of cheating by using
      569 words
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      Lock icon The big test for Europe's revival will be in 2007
      803 22  -  THE BOTTOM LINE MATTHEW LYNN Bloomberg FEW people would have predicted the euro area would grow faster than the US and newly re-energised Japan at some point this year. Yet that's what happened. High taxes and stifling regulations notwithstanding, the
      Bloomberg  -  803 words
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      Lock icon How Chinese banks are raking in the dough
      1184 22  -  With competition heating up, they have been trying hard to increase the share of fees and commissions income in order to reduce business risk and to leverage on their networks By TIGER TONG CHINA'S banking sector is booming. In 2005, most major
      AFP  -  1,184 words
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      Lock icon Now you can be a philanthropist too
      693 23  -  Having the money to give away is the easy part. Giving it in a way that will make a lasting impact is the challenge for would-be donors By TERRY ALAN FARRIS YOU don't have to have a fortune the size of Li Ka-shing's
      FILE PHOTO  -  693 words
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      Lock icon EU's 'birth dearth' spreads to Eastern Europe
      1190 23  -  By ELISABETH ROSENTHAL NYT PUSHING their newborns in strollers along Na Prikope, Prague's main shopping street, Jelena Heitmankova and her two friends get emotional as they describe their desire for more children. But, although they're only nearing 30, they know their broods will
      NYT  -  1,190 words
    • Article
      Lock icon Law Society clarifies clients' money rules
      476 23  -  LETTERS TO THE EDITOR Yap Teong Liang vice-president The Law Society of Singapore I REFER to your article "New rules tabled to protect clients' funds with lawyers" (BT, Aug 16). We refer to paragraphs three, four and five of your report that "the key
      476 words
    • Article
      Lock icon Scrutinise stock analysts, firms to deter frauds
      177 23  -  Tom Y T Tan Perth, Western Australia IN LINE with the pursuit for corporate governance and professional integrity, BT may, perhaps, like to consider the following: Analysts' recommendations of small cap stocks be recorded and results on the quality or accuracy of each
      177 words
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      116 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btfetter&sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • Article
    Lock icon SINGAPORE STOCKS
    9825 24 SGX MAINBOARD Transaction date: Sep 4 52-Wk T«l last Vol Day UKtQuot* Mv GrYM Net MCap High Low Cod* Company Sata 000; High low Buyer Sailer CVr P/t Smil 4 1 5716 1st Software 2 2 3 M 11.5 6 3148 BTelecom 6 unch 176 6.5 6 6
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  • Article
    Lock icon FINANCE & COMMODITIES
    5981 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la toat am In VS m Utt d* yr %dy %yt dy %yr Indi Owng» Oi«ng» Chug* Chug* Ch«o9» Chang* The Wortainda Preliminary 1018.7 04 5.1 0.5 2.6 0.4 8.5 »EAft Puftmnaty 11B&3 03 5.7 04 6l6 03 12.6 EjcpePigliminary ***** 05 7.0
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      1678 26 UK COMTIMEMT SERVICE U.S.* SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL Loads Singapore, E./W. Malaysia, Indonesia E/w Malay*, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN DYNAMIC JDH/AQA ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E.
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      478 26 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com Vissa VOY RAMP HBGHT SM IK MAO SAV »Al OOF TAIAMT AT627 4001 m 6.3 M 16/09 10/10 10/10 23/10 20/10 26/10 TAUSMAN Af62S 3201 m 6.4 M 02/10 10/10 20/10 01/11 06/11 04/11 TOURCOMG A 1629 4001 MS. 6JM 07/10 30/10 00/11 12/11
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      898 27 WAN HAI INTERNATIONAL PTE LTD Nft **********0/R W\WAN HAI LINES SAmAU \\3-—-A ■Illhv fVL TB: (03) *****888 FAX: (03) *****288 IE: (04) *****00 FAX: (04)*****99 X JCH TB: (07) *****23 FAX: (07)*****21 SUITH: (031) *****75 FAX: (031) *****)4/ 329)305 WWW.Wanhai.COIH.Sa KITE: (021) *****88 FAX: (021) *****88 KKIH: *****0/*****1 FAX: *****9
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      1165 27 VESStL VOY PKI SIN I KARACHI I PX» »AI NHS PMM UK I KHOR IRAN KORDESTAN PCI <155 09/09 10/09 19/09 22/09 23/09 29/09 31/09 02/10 IRAN SATTARI PCI 8156 12/09 21/09 22/09 21/09 30/09 01/10 IRAN BAABAEI PCL ***** 15/09 16/09 25/09 23/09 29/09 04/10 06/10 03/10 I VESSEL
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      864 27 m soasfc WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEI VOY SW P-KIAMG COUMMO W. SHIVA COiONfO KOTAPHtTAM* YPMO43 05 SEP 06 SEP MSEP 12SEP 16Sg HOWUHWIDGE 0055W I2SEP 13SEP I6SEP LLSEP 23SEP KOTA PtRWIRA YfWMI 19 SEP 20 SEP 23 SEP 26 SEP
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      5162 28 This ETA ETA Advartfcar VmmI Voyage Telephone ETA ETA AdvertiMr Vmm* Voyage Telephone SIN Desfn Name Name Numbec Number SIN Deffn Name Number Number 25/12 08/01 Austral Al CAPE HASTINGS 04f6 *****333 To ABIDJAN (ABJ) 2003 Cote D'lvotre To DA RWIN (DRW) 2104 Australia
      5,162 words
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  • PROPERTY
    • Article
      Lock icon GSS sales hit $5.2b, up 4% from last year
      282 29  -  Strong leasing demand in Q2 with 80% take-up in new shopping malls By UMA SHANKARI RECEIPTS from this year's Great Singapore Sale totalled $5.2 billion up 4 per cent from last year's $5 billion according to figures released yesterday by property
      282 words
    • Article
      Lock icon Somerset site up for en-bloc sale
      334 29 A 13,404 sq ft freehold residential site in the prime Somerset area is up for collective sale. Owners of the residential site the 10-unit Mayer Mansion at Devonshire Road are asking for $38.5 million for the property, inclusive of a development charge of $507,000.
      334 words
    • Article
      Lock icon Capita Land JV property fund expands investment in Japan
      387 30  -  It raises target size to 42b yen after it commits to 22.5b yen properties By KALPANA RASHIWALA CAPITALAND'S joint-ven-ture property fund with Bahrain-based Arcapita Bank to invest in rental apartment buildings in Japan yesterday announced it is expanding its target size
      387 words
    • Article
      Lock icon Wisma-MRT tunnel link to close Sept 30
      256 30  -  By UMA SHANKARI THE licence agreement for an underground pedestrian walkway that links Wisma Atria and Orchard MRT Station will be terminated on Sept 30, Wisma's largest shareholder said yesterday. Macquarie Pacific Star Prime Reit Management manager of Macquarie MEAG Prime Real Estate
      256 words
    • Article, Illustration
      Lock icon Northpoint extension to be completed by end-08
      324 30  -  By KALPANA RASHIWALA FRASERS Centrepoint Ltd is going ahead with the development of an extension to Northpoint Shopping Centre in Yishun. The company sold the mall earlier this year to Frasers Centrepoint Trust (FCT), which was listed on the Singapore Exchange in July.
      324 words
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      201 29 Supermarket COSTA SANDS LOYANG HOLIDAY IKEA RESORT I QYANO GIANT NTUC sandy water LODGE DOWNTOWN LgJJN. PMM Q MRT g Pasir Ris New Town Devt Zone Few mins to NTUC Downtown Plot Ratio 1.4 (up to 5-storeys) East and Costa Sands Resorts Site Area: 43,626 sf (approx) Few mins to
      201 words
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      306 29 CendeX IBM Expand Extend Excel Jw ■HMBB 16-Storey Business 1 Building Fronting Lower Delta Road NearTiong Bahru MRT Unit Size From 1,098 sq ft Over 600 Carpark Lots High Investment Yield 6877 2555 X" HOfHTt SI Aft CM MAM lAkf T 1 Orangelee Bank's Auction 13/9/2006 Building Joo Chiat Place
      306 words
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      228 29 f J° nes Lang 2 IP LaSalle For Sale by Tender Along Coronation Road West Land Area: 25,429 sq ft (approx) Wide frontage of 35m fWKBpiIWMMifMrT Exclusive and serene environment Close to Holland Village and Jelita Cold Storage Tender Closing Date: 28th September 2006 (Thur) at 3 pm. For further
      228 words
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      802 30 ■MJijUwiißtiUfl People's Republic of China Republic of Korea Mk I Kingdom of Thailand Malaysia BMpifippM Bank of China Limited HjgigjijyijLpLfi|M The Korea Development Bank Petroliam Naaional Bertiad (Petronas) Offer Period: From 7 August 2006 to 15 September 2006 (subject to extension or early closure) Pinnacle Notes Series 1 are available
      802 words
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      Lock icon Page 30 Advertisements Column 2
      100 30 f 6732 2189 by 7 October 2006. I ABB Land area 24,531 sf, leasehold Zoned "Commercial" GPR 11.2 Alternative Residential use possible v Walking distance to Tg PagarMßT Station V Prominent corner plot, 66m frontage Tantor Closing on 28 Sep 2006 (Thu), 2.30pm At Cuscaden Road r~ ~r~ Site Area:
      100 words