The Business Times, 6 September 2006
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2006-09-06
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The Business Times
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Title Section21 2006-09-06 1 THE BUSINESS TIMES 30 SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Wednesday, September 6,200621 words
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Article, Illustration792 2006-09-06 1 CONRAD RAJ - Some expect full occupancy this month as 16,000 delegates attend IMF/World Bank meetings By CONRAD RAJ [SINGAPORE] Visitors to Singapore this month can expect to pay more than they normally would as a result of the International Monetary Fund and World Bank792 words
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Article, Illustration820 2006-09-06 1 LESLIE YEE - Gulf investment bank is in search of S'pore partners By LESLIE YEE [SINGAPORE] With an annual funding gap of at least US$53 billion for infrastructure projects in the Arabian Gulf region over the next few years, the opportunities for Gulf One Investment820 words
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Article130 2006-09-06 1 STI 2,519.72 (-0.73) ST INDEX FUTURES 2,524.00 (-1.00) SIMSCI 300.79 (+0.09) SIMSCI FUTURES 303.00 (+1.70) MARKETS Tuesday Chang* KLSECOMP 963J4 -438 NIKKEI 225 16.385.96 +27.89 HANG SENG 17.438J0 -75.08 SET INDEX 701.10 -2.43 JAKARTA COMP 1.468.24 -1.32 MANILA COMP 2.382.56 *21.46 SEOULCOMP 1,361.24 +2.18 SHENZHEN B 295.18 +2,24130 words
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Page 1 Advertisements
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Advertisement123 2006-09-06 1 I I INDONESIA'S MUI 40 RICHEST WmKj Paper tycoon tops rich list PAGE 2 CHINA RJTURES CEO CONFERENCE EXEC MONEY Biggest gold exchange traded fund seeks S'pore listing PAGE 28 MOTORING Chevrolet Spark eyes •premium budget' niche PAGE 26 111 8 *****V r *****4" I Europe's favourite MPV. f jj^r/)123 words
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TOP STORIES
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Article, Illustration957 2006-09-06 2 LAUREL TEO - Forbes' first ranking of Indonesians values him at US$2.8b By LAUREL TEO [SINGAPORE] A colourful pulp and paper entrepreneur has unseated patriarchs of traditional conglomerates to become the richest man in Indonesia. Going by Forbes' first ranking of Indonesia's wealthiest, 56-year-old SukantoTanoto and957 words
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Article428 2006-09-06 2 China index futures start trading on SGX THE FTSE Group played down concerns that a copyright-infringement case involving the Shanghai Stock Exchange will affect its new China futures in Singapore and stood by its right to run the index as it began trading on the Singapore Exchange yesterday428 words
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Article, Illustration559 2006-09-06 2 DANIEL BUENAS - FORBES CEO CONFERENCE Its facilitator role between countries a source of strength By DANIEL BUENAS [SINGAPORE] Singapore and Asean must play a supplementary role to emerging giants China and India, but Singapore's strength as a facilitator between many different countriesJOYCE FANG/ST - 559 words
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244 2006-09-06 2 [SINGAPORE] Minister Mentor Lee Kuan Yew has become Citigroup's first special adviser, the world's biggest financial services group said yesterday. He will be consulted on international affairs and developments that affect the group's business. Mr Lee, who has taken up244 words
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Article, Illustration720 2006-09-06 3 JEAN CHUA - FTSE reiterates its right to run China A50 Index, downplays lawsuit By JEAN CHUA [SINGAPORE] The FTSE Group played down concerns that a copyright-in-fringement case involving the Shanghai Stock Exchange will affect its new China futures in Singapore and stood by its rightJOHN HENG - 720 words
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506 2006-09-06 3 RONNIE LIM - This will follow its launch contract on Oman crude By RONNIE LIM [SINGAPORE] The soon-to-open Dubai Mercantile Exchange (DME), which intends to start with the trading of a new Oman crude oil futures contract, announced yesterday that it was now planning a506 words
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COMPANY NEWS
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679 2006-09-06 4 OH BOON PING - STI surged in Q4 for seven out of 10 past years: Citigroup By OH BOON PING SINGAPORE'S stock market is likely to see a technical rally in the fourth quarter, says Citigroup. In a Singapore strategy report on Monday, Citigroup pointed out that the679 words
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325 2006-09-06 4 MATTHEW PHAN - Datapulse cuts costs, grows profit by 271 to $6m By MATTHEW PHAN DATAPULSE Technology, which provides data storage in the form of CDs and DVDs for software content distributors, saw full-year net profit rise 271 per cent to $6 million, from $1.6 million last year, as the company cut operating325 words
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Article, Illustration462 2006-09-06 4 Bloomberg [SINGAPORE] Keppel Corp, the world's largest oil rig maker, plans to keep a $1.1 billion stake in oil producer Singapore Petroleum Corp because it may bolster earnings should demand for exploration platforms decline. While Keppel's $10 billion order book at itsBloomberg - 462 words
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721 2006-09-06 4 RONNIE LIM - HOCK LOCK SIEW By RONNIE LIM FIRST stop, Indonesia and then later, the Middle East and China. That's the plan which Indonesian tycoon Kris Wiluan has envisioned for the three Singapore-listed companies in which he has acquired strategic stakes oil rig refurbisher KS721 words
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337 2006-09-06 4 RONNIE LIM - By RONNIE LIM SINGAPORE Petroleum Company (SPC) yesterday reported an encouraging new gas find in Indonesia that can be quickly connected to the nearby Oyong field, which is scheduled to start production next year. It said an exploration well (Wortel-1) at the337 words
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302 2006-09-06 4 UMA SHANKARI - It signs MOU with Viet govt firm for project By UMA SHANKARI PROPERTY giant Capita Land announced yesterday that it has signed a Memorandum of Understanding (MOU) with a state-owned company in Ho Chi Minh City to develop its302 words
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613 2006-09-06 5 MICHELLE QUAH - ACRA says FY2005 statements appear not to have complied with Companies Act By MICHELLE QUAH MAINBOARD-LISTED Advance Modules Group may be in breach of the Companies Act over its financial accounts for the year ended Dec 31, 2005. The company said in a613 words
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371 2006-09-06 5 MICHELLE QUAH - By MICHELLE QUAH CONSTRUCTION company Shining Corporation has sued renewable-energy producer China Enersave over a deal they struck two years ago. And China Enersave has counter-sued Shining and three of the latter's subsidiaries. In an announcement yesterday. Shining Corp said that the company371 words
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333 2006-09-06 5 MATTHEW PHAN - By MATTHEW PHAN TECHNICS Oil Gas Ltd has forged two strategic alliances to expedite expansion in its new market segment the leasing of gas compression systems and other equipment to companies in the oil and gas industry. The first is an agreement with333 words
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Advertisement594 2006-09-06 4 by OVERSEA-CHINESE BANKING CORPORATION LIMITED ("OCBC BANK") FOR AND ON BEHALF OF GENERAL NICE RESOURCES (HONG KONG) LIMITED (THE "OFFEROR") for fIBTERRA Bringing you the earth's resources ABTERRA LTD. (Incorporated in the Republic of Singapore) V (Company Registration Number *****3007 C) I The Board of Directors of Abterra Ltd. (the594 words
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Advertisement565 2006-09-06 5 A 'iJmuSHBI I r 1 r Jt -JflHißl" I' ift IRHb' jH. j,. y imUF L Hr •> WKf m Hr w ifWi S* m. mm 1 bb v fl^HHSgirv f Jf r M -JSp A M glil I A M' .*9| I «BB B B 13.05% 1 potential return565 words
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SINGAPORE MARKETS
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Article, Illustration895 2006-09-06 6 LARRY WEE - CURRENCIES But it may be premature to call for more huge gains too quickly LARRY WEE Senior Correspondent A SPIRITED swing in favour of Asian currencies appears to have taken place this week, leaving European currencies sidelined for a change, but895 words
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Article, Illustration1012 2006-09-06 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Sep 5 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director SeP '000 Shr COOO) COOP) LafeTech S-Sep-06 Ho Wing-On *Buy 185 0.18 *****6 68.97 *****1 68.99 Lafe Tech 5-Sep-06 The Grande Grp1,012 words
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Article, Illustration716 2006-09-06 6 UMA SHANKARI - Compiled by UMA SHANKARI Technology Sector CREDIT SUISSE. Sept S MMI, Sept 5 dose: $0,925 Unisteel. Sept 5 close: $2.00 Brilliant, Sept 5 dose: $0.24 Jurong Tech, Sept 5 close: $1.12 Magnecomp, Sept 5 dose: $0.81 1 IN THE past two to three weeks, we have had theSource: Bloomberg - 716 words
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Article, Illustration431 2006-09-06 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent WITHOUT the benefit of an overnight Wall Street to provide guidance the local market lost its way somewhat yesterday, with prices drifting marginally weaker in low volume. Apart from a mid-afternoon spike that came via a push on431 words
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Advertisement8 2006-09-06 6 There is no Chart Point column this week8 words
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COMPANY NEWS
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Article, Illustration548 2006-09-06 7 It's zeroing in on diggers, pavers, trailers to ride rapid growth there Bloomberg [SINGAPORE] Singapore Technologies Engineering said it plans to sell hydraulic diggers and road-paving machines to China to tap the construction boom in the world's fastest-growing major economy. TheBloomberg - 548 words
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314 2006-09-06 7 JEAN CHUA - By JEAN CHUA SYNEAR Foods will be sponsoring 41 million yuan (SsB.2 million) worth of frozen food products for the 2008 Beijing Olympic Games, the company said yesterday. Synear said its subsidiary Zhengzhou Synear Food Co will be the exclusive supplier of frozen314 words
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COMPANY BRIEFS
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86 2006-09-06 7 EAGLE Brand Holdings has issued a profit warning for its second quarter and first half-year ended July 31, 2006. The company said its gross profit margin will fall because of intense competition and China's tighter credit policies. It will record impairment on idle property, plant86 words
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61 2006-09-06 7 SARIN Technologies Ltd yesterday said recent floodings in Surat, India, will not have substantial additional impact on its business, though some sales may be deferred. "The majority of our clients have resumed business operations (some up to 90 per cent capacity) and damage61 words
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36 2006-09-06 7 SINGAPORE Press Holdings (SPH) yesterday announced the incorporation of two wholly owned subsidiaries: SPH Interactive Pte Ltd and SPH Interactive International Pte Ltd. The two investment holding units will provide online services.36 words
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44 2006-09-06 7 Tat Hong Shanghai Zhao Mao set up JV TAT Hong Holdings' wholly owned subsidiary Tat Hong International and Shanghai Zhao Mao Mechanical Engineering have set up a joint-venture company, Shanghai Tat Hong Equipment Rental. Tat Hong owns 60 per cent of the joint venture.44 words
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Article22 2006-09-06 7 SESDAQ-listed Midas Holdings will be upgraded to the main board of the Singapore Exchange tomorrow.22 words
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Advertisement352 2006-09-06 7 PRIVATE JET SERVICES (JiAareet aircraft services to suit your travelling needs. and feiAwe packages. aweMsava\\ab\e. eaj/berietice /wye... New i~i in For enc i u ries: 1 IV- Email: sales@orientpurple.com Tel: (65) 6838 9066 Fax: (65) 6733 8022 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial352 words
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SINGAPORE NEWS
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Article, Illustration589 2006-09-06 8 NANDE KHIN - FORBES CEO CONFERENCE Tycoon urges peers to use wealth to 'gallantly' invest in social capital By NANDE KHIN HONG Kong billionaire Li Ka-shing, who yesterday received the first ever Malcolm S Forbes Lifetime Achievement Award at the Forbes Global CEO Conference, calledAP - 589 words
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551 2006-09-06 8 ARTHUR SIM - By ARTHUR SIM THE odds may look good for the success of Singapore's gaming industry, but operators will not be placing their bets on this small island alone. Mark Advent, chairman of Eighth Wonder, which is putting in a bid for the551 words
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Article, Illustration530 2006-09-06 9 HONG SOON JAE - Bank team visited recently to learn from experience of DBS, OCBC and UOB By HONG SOON JAE KOOKMIN Bank, South Korea's largest commercial bank, has started to benchmark itself against Singapore banks. Recently, a group of Kookmin executives came here to study the strengthsBLOOMBERG - 530 words
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324 2006-09-06 9 SAMUEL EE - By SAMUEL EE SHELL took the lead yesterday evening by cutting petrol prices by six cents per litre the first time pump prices have moved in four months. The oil giant's move at 6pm yesterday was followed an hour later by324 words
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273 2006-09-06 9 SINGAPORE companies flush with success are getting complacent and are neglecting to focus on their customers, says a top management consultant based here. Mark Daniell, director emeritus of Bain Company and chairman of The Cuscaden Group, said: "Some Singapore companies now risk being victimised273 words
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Article, Illustration315 2006-09-06 9 UMA SHANKARI - By UMA SHANKARI FORMER Member of Parliament Lew Syn Pau who was recently cleared of criminal charges of breaching the Companies Act resumed his responsibilities as chairman of both Ascendas and its listed property trust Ascendas Real Estate Investment Trust (AReit) fromFILE PHOTO - 315 words
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SINGAPORE ROUNDUP
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Article49 2006-09-06 9 MINISTER for Education and Second Minister for Finance Tharman Shanmugaratnam is in Vietnam today and tomorrow for the 13th Asia Pacific Economic Cooperation (Apec) finance ministers' meeting. He will also be meeting his recently appointed counterpart, Vietnam's Minister for Education and Training Nguyen Thien Nhan.49 words
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Article39 2006-09-06 9 HAJI Ahmad bin Haji Abdul Rahman, acting permanent secretary in the Prime Minister's Office of Brunei, will visit Singapore from tomorrow to Saturday. He will attend three events involving students from Singapore and Brunei.39 words
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312 2006-09-06 9 THE government is setting up a cyber threat watchdog as part of its efforts to protect public sector agencies from the onslaught of computer viruses and hackers. The Cyber-WatchCentre (CWC) to be operational by March 2007 will keep tabs on local government312 words
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Advertisement131 2006-09-06 8 Chooay one item from our setocttanyxjtio&t Diners Club Card To apply, call 6416 0980 World of Exclusive Privileges Treats /g Diners Club unoto.Jmers.com.sg zJF International BP—Bfagffr .(immI aah y«aB^^BMBM8Ha|jBH8|B^^^J^^^^g^gMtoiiMB| ffiSXZXSSS!" citibank l&s fEJt ni SB; mSKff f jm Bistro 21 mmmmmjmm Millenia Walk #01-54. Tel: 6333 4514 Bistro Mm* I131 words
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Advertisement41 2006-09-06 8 India's first truly international-class wines..." Wine Spectator v SULA VINEYARDS C%n S?e/n proacfly servedat g MIKCHI UMr«(«4i Mirchl Taste of India 8 Raffles Ave *02-23 Esplanade Mall Tel: *****590 <£?' Imported by c s(ie< c Vign& 40 Holland Grave Rd. Tel: *****05341 words
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Advertisement262 2006-09-06 9 URBAN HOMME J W I Advanced Wave Frequency Slimming Facelift jpl m Fast, painless, non-surgical, fuss-free and guaranteed effective. > ij J j/F m Another premier innovation from URBAN HOMME, i m a leader in face and body treatments. m 3 A Melvin Kang Before i i' Account Executive 1262 words
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ECONOMY WATCH
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Article, Illustration686 2006-09-06 10 Six of 10 govts it tracks have lower credit ratings than before 1997 crisis Bloomberg [SINGAPORE] The increase in Asian government debt since the 1997 financial crisis is a concern because some nations' credit ratings still haven't recovered, Standard Poor's said.Bloomberg; AP - 686 words
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Article2332 2006-09-06 10 VOl General Corp 0.59 -0.01 88 Sep 5 RM C000) Genting 25.50 -0.25 565 George Kent 0.50 unch 0 ASM Realty —1.43 unch 1 GHL Systems 0.23 -0.02 3370 Abric .031 -0.01 14 Globetronks Tech .0.29 unch 230 ACP Industries .0.86 -0.05 71 GlomacBhd 1.07 -0.01 116 Advance2,332 words
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721 2006-09-06 10 Cotis says the Fed may also need to hike rates further Reuters [PARIS] Further ECB interest rate rises by year-end are justified now that it is clear that economic growth in the euro zone picked up sufficiently over the first half of 2006,Reuters - 721 words
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555 2006-09-06 10 SIDDHARTH SRIVASTAVA - By SIDDHARTH SRIVASTAVA in New Delhi DESPITE higher fuel and power costs, increased raw material prices and higher interest rates, India Inc has performed extremely well in the first quarter. The CII State Of Economy report released on Monday shows555 words
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MALAYSIA/INDONESIA
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Article, Illustration503 2006-09-06 11 PAULINE NG - He is also optimistic about the opening up of the KL-S'pore sector By PAULINE NG in Kuala Lumpur TO CATER to the growing numbers of budget travellers, Malaysia plans to build another two terminals for low-fare airlines by 2008. The first suchAFP - 503 words
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177 2006-09-06 11 Reuters [JAKARTA] Indonesia cut its key interest rate yesterday by 50 basis points to 11.25 per cent, the fourth cut this year, seeking to boost spending in South-east Asia's top economy and reflecting confidence inflation will fall further. Analysts see the trend ofReuters - 177 words
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390 2006-09-06 11 Bloomberg [JAKARTA] Indonesia raised 1.75 trillion rupiah (Ss3o3 million) selling its 25.9 per cent stake in PT Bank Permata, the country's ninth-largest lender, to help plug the government's budget deficit. Indonesia sold two billion shares yesterday, Mohammad Syahrial, presidentBloomberg - 390 words
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277 2006-09-06 11 Reuters [LONDON] Malaysian investor Genting is behind a bid approach to Stanley Leisure that could value Britain's biggest casino operator at up to £485 million (551.45 billion), industry sources said yesterday. Stanley Leisure and Genting declined to comment. Genting, which already owns a fifthReuters - 277 words
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Advertisement151 2006-09-06 11 m a M Ji m A Jk WL M if \i^j f r^mKK i., :11 j^n Terms Conditions: Price stated is per person for a round trip Business Class to Japan (Tokyo, Osaka, Nagoya or Fukuoka) or Korea (Busan or Seoul) for travel out of Singapore from 14 Aug. The151 words
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GREATER CHINA
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367 2006-09-06 12 Reuters [BEIJING] China has issued new rules on land use laying out punishments for local leaders who fail to investigate or halt illegal sales, stepping up its campaign against insubordinate officials, state media said yesterday. J Local authorities have ■gome into theReuters - 367 words
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267 2006-09-06 12 Bloomberg [SHANGHAI] China Construction Bank Corp (CCB), the nation's fourth-largest lender, denied a media report that it plans to lift salaries by almost a third amid criticism that its employees already earn almost five times the country's average. "We hadBloomberg - 267 words
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467 2006-09-06 12 They must get official approval to repatriate proceeds of sales of property Reuters, Bloomberg [BEIJING] Foreigners investing in Chinese property must obtain approval before repatriating the proceeds of sales of property, China has said in detailing rules regarding the purchases of propertyReuters,; Bloomberg - 467 words
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Article, Illustration62 2006-09-06 12 /HONG KONG] NBA star player Kobe Bryant (back centre) posing for pictures with Disney characters Mickey and Minnie Mouse and young basketball players at Disneyland Hong Kong yesterday. Bryant made his first visit to Hong Kong as part of his tour of Asia, announcing plans to send youngAFP - 62 words
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586 2006-09-06 12 Companies get access to hedging in global markets Reuters [SHANGHAI! Six Chinese futures brokers will soon begin derivatives broking abroad, a move that for the first time will give ordinary Chinese companies a legal channel to hedge in international markets. TheReuters - 586 words
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353 2006-09-06 12 AP [BEIJING] China's biggest commercial bank plans to raise up to US$l9 billion with an initial public offering (IPO) this year, possibly breaking the record for the world's biggest IPO, a news report said yesterday. Industrial Commercial Bank of China Ltd (ICBC)AP - 353 words
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Advertisement21 2006-09-06 12 W '^lolm^ n I Mon Fri I tjL I Lianhe Zaobao I trena I Isweepsl Asia I I I JRMHaHBttSiII I21 words
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Page 13 Advertisements
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Advertisement4 2006-09-06 13 jnkina^gggHH Oiltanking rotary] j4 words
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INDIA
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Article, Illustration566 2006-09-06 14 They are looking towards health, personal care to bring in profits Reuters [MUMßAl] Indian consumer goods firms are looking beyond their traditional strongholds in packaged tea and soap and are tapping emerging trends in health and personal care in search of bigger profits in anReuters; BLOOMBERG - 566 words
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364 2006-09-06 14 Reuters [LONDON] UK-based oil explorer Cairn Energy pic is on track for an initial public offering of its Indian operations in December but said its biggest oilfield would come onstream later than planned, knocking its shares. Cairn added in a statementReuters - 364 words
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167 2006-09-06 14 Bloomberg [SINGAPORE] Sabeer Bhatia, co-founder of the Hotmail free e-mail service, is seeking investments for a multibillion technology park in India. Mr Bhatia will fund the so-called Nano City project with his personal funds as well as investments from real estateBloomberg - 167 words
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Article, Illustration608 2006-09-06 14 Economic Times INEW DELHI] Global information technology (IT) giants like IBM, EOS, Accenture and Oracle are posed by their Indian rivals. A number of global research firms, including Goldman Sachs, Forrester, Gartner, AMR Research and Wachovia Securities have suggested in separateEconomic Times; BLOOMBERG - 608 words
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238 2006-09-06 14 Reuters [MUMBAI] France's Total SA and Kuwait Petroleum International Ltd may each pick up a stake of 25-30 per cent in a refining and petrochemicals complex planned by India's Hindustan Petroleum Corp Ltd (HPCL), a source at the Inclian firm saidReuters - 238 words
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335 2006-09-06 14 [NEW DELHI] Tata Industries Ltd will pick up 10-26 per cent equity in the initial phase in companies it has identified in the emerging areas of technology, the Business Standard newspaper reported yesterday. The plan is to fund such companies335 words
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Advertisement740 2006-09-06 14 >AT^ 0- NOTICES IN THE MATTE* OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF CHAN HO ENGINEERING PTE LTD COMPANY REGISTRATION NUMBER- *****0649H of Resolutions for |l, m k mrm' VnliuJ.u lj Wlnttnn I n IIIOIIIUtI I VOf Vim my VTinainQ Up (Pursuant to Section 290) At the740 words
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Advertisement551 2006-09-06 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 l AND IN THE MATTER OF ASIA PACIFIC AIR CARGO PTE LTD (Registration No. *****3057*) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50 that the Final551 words
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Advertisement219 2006-09-06 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TIMERWELL TECHNOLOGY (SEA) PTE. LTD. (Company Registration No: *****0036R) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final General Meeting219 words
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ASIA-PACIFIC/WORLD
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383 2006-09-06 15 Move comes four months after officials said foreign firms must cede more control Bloomberg [MOSCOW] Russia sued to halt Royal Dutch Shell's US$2O billion Sakhalin oil project, four months after government officials said foreign companies should cede more control of their venturesBloomberg - 383 words
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598 2006-09-06 15 Reuters [LONDON] Britain's baby boomers are turning 60, shaking up traditional notions of retirement with new careers or "silver" travel and transforming the pension and savings industry that underpins the country's life insurers. British workers once retired with a gold watch andReuters - 598 words
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135 2006-09-06 15 AFP [BANGKOK] Thai regulators said yesterday they had widened a renewed probe into the sale of telecom giant Shin Corp to Singapore's Temasek Holdings. Securities and Exchange Commission (SEC) secretary-general Thirachai Phuvanatnaranubala said investigators had been contacting sources in other countries over allegations ofAFP - 135 words
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Article, Illustration367 2006-09-06 15 AFP [LONDON] Pressure mounted further on British Prime Minister Tony Blair yesterday to name a resignation date after a leaked memo set out his "exit strategy", fuelling already intense speculation about his plans. The sense of growing urgency was also bolstered by mediaAFP; REUTERS - 367 words
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WORLD WATCH
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63 2006-09-06 15 Bloomberg [DUBAI] Doha Bank Ltd, Qatar's third-biggest lender by assets, plans to open a branch in Dubai, as well as offices in Turkey, Singapore and Japan, as part of an international expansion programme. It has secured regulatory approval for theBloomberg - 63 words
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99 2006-09-06 15 Bloomberg [TOKYO] Sony Corp, the world's biggest maker of video-game machines, will cut the price of the Play Station 2 console by about 20 per cent in Japan before releasing a new player, to increase its appeal to women and theBloomberg - 99 words
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66 2006-09-06 15 Bloomberg [PARIS] Compagnie Generale de Geophysique SA agreed to buy Veritas DGC Inc of the United States for US$3.l billion to become the world's biggest surveyor of oil and gas fields as energy exploration surges. The offer equals US$75 in stock and cash,Bloomberg - 66 words
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121 2006-09-06 15 AP [SEOUL] Sun Microsystems Inc and Unisys Corp have filed a lawsuit against Hynix Semiconductor Inc in the United States, apparently seeking damages related to a federal probe into price-fixing of memory chips, Hynix said yesterday. Hynix said in a disclosure to SouthAP - 121 words
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60 2006-09-06 15 AP [TOKYO] Japan's parliament will convene on Sept 26 to pick a new prime minister, Kyodo news agency reported yesterday. The parliament gathering is to follow the Sept 20 leadership election of the ruling Liberal Democratic Party (LDP). Hawkish chief CabinetAP - 60 words
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Article, Illustration485 2006-09-06 15 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo IT WILL take up to three years before oil production in the Middle East rises to levels that can restore equilibrium to global prices, the chairman of Nippon Oil Corporation, Fumiaki Watari, suggested yesterday. The head ofREUTERS - 485 words
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412 2006-09-06 15 Reuters [DUBAI] Dubai is developing a system of marketmakers to encourage trading in Islamic bonds an illiquid niche market expected to be worth more than US$lOO billion in five years a senior official said. Islamic bonds, or sukuk, are almost always heldReuters - 412 words
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Advertisement12 2006-09-06 15 '<F> PIV m»- Sunset Boulevard with Jane Boey spm Bpm Mon Fri12 words
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AVIATION
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Article, Illustration1138 2006-09-06 16 Thanks to government help and cost-cutting, the industry is in better shape than before Sept 11 AP [WASHINGTON] NO OTHER industry was devastated by the Sept 11 attacks quite like the US airlines. Now after nearly US$4O billion in losses, bankruptcies at 10 US airlines andAP - 1,138 words
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268 2006-09-06 16 Bloomberg [LONDON] Southwest Airlines Co, Ryanair Holdings pic and the world's other low-cost carriers (LCCs) have doubled capacity in the past four years, OAG Worldwide, a travel and transportation data provider, said. LCCs are offering 46 million seats on more than 323,000 flights thisBloomberg - 268 words
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LOG BOOK
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55 2006-09-06 16 AFP [LONDON] British Airways (BA) said yesterday that the disruption caused by increased security at airports after the foiling of an alleged terror plot last month cost the company £40 million (S$ 118.8 million). "The airline estimates that the financial impact for August wasAFP - 55 words
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64 2006-09-06 16 AP [EL PASO. Texas] A Continental Airlines jet became stuck in mud on Monday at El Paso International Airport as it was turning onto the taxiway after landing, officials said. None of the 67 passengers and five crew members on the flight fromAP - 64 words
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78 2006-09-06 16 AP [BANGKOK] A rail system connecting central Bangkok to the new international airport is 40 per cent complete and is scheduled for completion in November 2007, the company managing the country's airports said on Monday. The Airport Link to Suvarnabhumi Airport will includeAP - 78 words
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54 2006-09-06 16 Bloomberg [NEW DELHI] Jet Airways (India) Ltd said it's increasing fuel surcharge on tickets for domestic flights by 15 per cent because local oil refiners raised the prices of jet fuel. Jet was slated to raise the surcharge to 750 rupees (5525.5) starting yesterday, fromBloomberg - 54 words
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Article, Illustration358 2006-09-06 16 New CEO takes steps to overcome production woes AFP [PARIS] The Airbus A3BO, the world's largest commercial airliner, took its first passengers aloft on a test flight on Monday as the company announced a fresh management shake-up to grapple with delaysAFP - 358 words
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Article2090 2006-09-06 16 cmr HJSNT ETA FUSNT ITS SQ407 0715 tC860 0925 AM80 0740 AM81 1625 AtooBi —sense 1300 080S iff? 0*77, ,750 *"P—« ItSm? &7 >< tQ QH37 1805 5Q148 1900 *SS Ss AZ3992 1530 L***** 2345 Dk k s£i iga ss JSIS sg .££< l»ii 0150 g»2,090 words
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Page 16 Miscellaneous
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Miscellaneous169 2006-09-06 16 CRYPTIC CROSSWORD DOWN 11 Art Deco to bizarre degree (9) YESTERDAY'S SOLUTION 2 Flirtation's no start for mar- 14 Shot dice and rent is blown Across: 1 Stand to lose, 9 Downriage(B) (10) right, 10 Venal, 11 Arnica, 12 3 Losing Tory leader sitting on 17 Cue rest missing second169 words
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SHIPPING
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682 2006-09-06 17 GEORGE JOSEPH - Move follows court orders by local shippers over port crowding surcharge By GEORGE JOSEPH [SINGAPORE] A Singaporebased group of container feeder operators is boycotting Bangladesh's Chittagong port following court orders taken out against it by local shippers over port congestion surcharges. More than half the vessels682 words
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Article, Illustration325 2006-09-06 17 Probe points to criminal negligence on part of skipper, owner of 'Solar I' AP [MANILA] Justice officials yesterday recommended criminal charges against the skipper and owner of a tanker that caused one of the nation's worst oil spills off a central Philippine province. Justice Undersecretary ErnestoAP; AFP - 325 words
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272 2006-09-06 17 Bloomberg [HONG KONG] Shanghai International Port (Group) Co, operator of China's busiest container harbour, handled a record nurtiber of cargo boxes in August because of the nation's rising trade. Container volume rose 21 per cent to 1.95 million 20-foot boxesBloomberg - 272 words
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168 2006-09-06 17 Bloomberg [HONG KONG] China Ocean Shipping (Group) Co, which controls the world's fifthlargest port operator, said it plans to invest five billion yuan (*****.6. million) in the southeastern Chinese port of Quanzhou as the nation's trade increases. The company will add cargoBloomberg - 168 words
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Article287 2006-09-06 17 SGX '000 Sap 5 g W- Vol CH Offshore .0.37 unch 187 ChuanHup j0.32 unch 381 Coico Corporation 1.55 -0.02 3224 CWT Distribution .0.60 unch 62 Ezra Hldgs 2.73 -0.02 77 Freight Unks 0.06 -0.01 3954 Grand Bantu Yacht .0.87 unch 0 Jaya Holdings 1.37 -0.01 5689 K1287 words
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Article, Illustration799 2006-09-06 17 DAVID HUGHES - STRAIT TALK By DAVID HUGHES IT IS said a picture is worth a thousand words and that seems to be the thinking behind the International Chamber of Commerce's International Maritime Bureau's (1MB) new online piracy map. The IMB says the map gives users a visualSource: ICC international Maritime Bureau - 799 words
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216 2006-09-06 17 [MUMBAI] With security concerns blocking the way for Chinese major Hutchison Ports Holdings (HPH), the Rs 500-crore (*****.5 million) second container terminal at Chennai Port Trust is all set to go to Singapore port operator PSA International, the Business Standard reported216 words
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Page 17 Advertisements
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Advertisement97 2006-09-06 17 TUVALU SHIP REGISTRY QJ-J ALI T Y F 1. Low taxes 5. Worldwide network of surveyors 2. Agreements with lACS members 6. No restriction on nationality of ownership on surveys and issuance of 7 Tuva|u a party to STCW 1987 convention statutory certificates a# an d is a country in97 words
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EDITORIAL & OPINION
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Article540 2006-09-06 18 EDITORIAL ONE of the big debates now raging in the United States is whether the economy is in the midst of a deflating housing bubble and what this will mean. The pessimists, who include billionaire financier George Soros and prominent economists Stephen Roach of Morgan540 words
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Article, Illustration1246 2006-09-06 18 ANDREW SYMON - Looking ahead, Singapore officials talk of a new era of deeper and wider relations. There is a 'mutual rediscovery' of ancient links between Asia and the Middle East, says SM Goh By ANDREW SYMON THE implications of growing economic ties between the oil rich MiddleLIAN HE ZAO BAO - 1,246 words
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Article, Illustration782 2006-09-06 18 FRANK CHING - THE BOTTOM LINE FRANK CHING THE sentencing of Hong Kong journalist Ching Cheong, coming as it does within days of a sentence of four years and three months for blind activist Chen Guangcheng and three years for New York Times researcher Zhao782 words
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Article, Illustration1454 2006-09-06 19 LEON HADAR - Most historians would agree comparing the role of Bush in combating terrorism with that of Churchill combating Germany is ridiculous LEON HADAR Washington Correspondent BASIL Fawlty is not a political consultant; nor does he play one on television. But I wish President George W Bush, DefenceREUTERS - 1,454 words
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240 2006-09-06 19 Karen Tan - Karen Tan Director Corporate Communications Ministry of Health IN the letter "Issues healthcare panel should explore" (BT, Aug 30), Leong Sze Hian asked about the administration fee for Medisave use. As with all billing, credit card or banking transactions, it costs money to240 words
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712 2006-09-06 19 Penelope Phoon Head ACCA Singapore - LETTERS TO THE EDITOR Penelope Phoon Head ACCA Singapore WE refer to the article "Prognosis not optimistic for auditing profession" by David Mason (BT, Sept 1). The accounting profession has undergone various crises in the past and has always bounced back stronger. In the wake712 words
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Page 19 Advertisements
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Advertisement103 2006-09-06 19 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 libel103 words
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Article10247 2006-09-06 20 SGX MAINBOARP Transaction date: Sep 5 52-Wk Tel Last Vol Day Last Quote Dtv GrYtd Net MCap High law Coda Company Sala COOP) High Law Iwyaf Sallaf Cvr P/t SmH 4 1 5716 1st Software 2 2 2.S 8.1 11.5 6 3148 STeiecom 6.5 +0.5 54 6.5 6.510,247 words
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Page 20 Advertisements
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Advertisement35 2006-09-06 20 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in aH markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices Competitive Commission charges35 words
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Article6065 2006-09-06 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES tm tool car? In St In USS sty %yr dy yr dy %yr S«p4 lnd>» Chang* Oi«nq« Oiangt Chtnqm Chang* Oxng» Woria lotto Prrtnwary ***** 03 53 02 33 0s6 93 J WE PWhBHMV KBS2 0.7 6.4 0.9 7.5 1.2 MJ Europe Preliminary6,065 words
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Page 22 Advertisements
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Advertisement1608 2006-09-06 22 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG lAX/VCW/MZL loads Singopore, E./W. Malaysia, Indonesia E /w |ndonesja MIPPLE-EAST SERVICE F.E./S.E.A. SERVICE Destination r 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 Loads1,608 words
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Advertisement563 2006-09-06 22 lintiraha roup service vcsa/vor umkkd wamm na not to 5 jkt MCHID EXPRESS 76 SO 4i 21/0* SWTS VBITIK! 18/04 IS 17 IS/0* 18/0* 27/0* 30/0* 02/10 STOUTS VBITMiyO* I 15 I 3.2 04/10 07/10 AUSTRALIAN RORQ SfRVICE vcsa/vor Mjggn jgggw ia s* syp m mm jktismiubi FESTA/035 SO 43563 words
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Page 23 Advertisements
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Advertisement1515 2006-09-06 23 WAN HAIINTBINAIIONAL PIC LTD at NO: **********0/ I VTrA TIL *****588 (14 IMS) FAX:*****163 \\M WAN HAI lINrS u» moo 6i*i»o V ll V If Mil IIMI LlllkJ m IH: (03) 3344H58 MX: (01) *****38 Wl lE. (00 *****00 FUL (04)*****99 Y JOHIR: (07) *****23 FAX: (********** SWIIH: (031) *****751,515 words
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Advertisement1067 2006-09-06 23 EASTERN CAR LINER, LTD \y > A 1 SPECIALIZE IN RORO t HEAVY LIFT UPTO 450 TOHS~| WTIA-ASlAsaviq VOY SIH I TPP I PtOffl PKKW) pwh jkt su» to hubi ITU HK OtIEMT lltIS P~ 3S 10 ~077w~ ~0»/W 10/W 12/W iftsv "mr~6o ~im GARDENIA ACE II 10 I 11/W1,067 words
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Advertisement768 2006-09-06 23 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS vtssa Ivor si muwcomimo h. Shiva Colombo hotapbtama 05Sg otsg «sa 12SEP itsa— HOWUH IBDGE 0055W !2Sg 13 SEP 16 SEP \m 02E KOTAPEIWIIA YWfWI HSg 70Sg 73SEP 24SEP 30Sg lIIOIIIA 6ANDHI "SiWThff" 27 SEP 30768 words
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Page 24 Advertisements
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Advertisement671 2006-09-06 24 MNordana (Asia) Pie Ltd lISS' 70 ShMtoß Way, *21-03 Marfaa House Single *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES WE ARRIVAL DATES raff l WY Short I Itmumb Cotosltlwd Orfctwcs Iriod H—f mi X Mfr I 12Jtt LLSfIB HSee 25 Sao J&BdjSBBK IE60» x671 words
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Advertisement172 2006-09-06 24 lines GENIKir "7 As Agents CROSSEAST SHIPPING PIS LTD operator code GK CR NO: 778 3202 OOOOM Tel: 6327 1788 Fax: 6327 1588 •-mail: bookingOcrossaost.co«n.sg WEBSITE: www.gaAi.coin.my KUCHING 5 DAYS SAILING SHUTTLE SERVICE MING R) MROI2E 10/09 17/09 MINGRI MROI4E 15/09 17/09 MINGRI MROI6E 20/09 22/09 hM ENG LIE SHIPPING172 words
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Advertisement580 2006-09-06 24 saHs am. =ga==p==H= aan =sg==sf==§%= HKUHM llim M/W M/H 1 HKWTM jg 81/lfl MVlfl 1 WKWT ffRR H7W TJ7R PKUNMA w7o* fW Ila Sn I m |Sb |iii"l W\ nS"" VBStl VOT sat rum cudang oSttagST ay =m= i m til 181 lif I M 11 m■■ ff I fflff580 words
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Advertisement480 2006-09-06 24 CONVENTIONAL SERVICE LOADING FOR LOADING FOR COLOMBO-RORO COLOMBO BREAKBULK 5 SEPT I 12 SEPT LOADING FOR CHENNAI 13/9/06 LOADING FOR MUMBAI 17/9/06 LOADING FOR DUBAI, MUMBAI, DOHA 05/9/06 liai GLORY NAVIGATION GROUpI I I swa i*7o) i I OWNS A OPERATES THE YOUNGEST FLEET I WITH FOURTEEN 7,000 DWT TWEEN480 words
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THE BUSINESS TIMES SHIPPING TIMES
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6316 2006-09-06 25 This ETA ETA Advertfeer Vessel Voyage Telephone ETA ETA Advertfeer Vessel Voyage Telephone SM Dest'n Name Name Number Number SIN Desfn Name Name Number Number 14/09 12/10 China Shpg NEW DYNAMIC 121A *****896 To ABIDJAN (ABJ) 2003 Cote D'lvoire 20/09 12/10 China Shpg HELECONIA6,316 words
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MOTORING
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Article, Illustration564 2006-09-06 26 SAMUEL EE - It has already received almost 100 orders since its launch on Aug 19 Reports by SAMUEL EE CHEVROLET believes there is room in the local market for a budget model that isn't too basic and comes with some frills. And, as a result, the564 words
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Article, Illustration438 2006-09-06 26 GENERAL Motors' big push for the Chevrolet brand in the region seems to be paying off. Apart from the Singapore market, the Chevy badge is also gaining in popularity in Thailand, where a plant in Rayong produces the Aveo subcompact sedan,WILLIAM WHEY - 438 words
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Page 26 Advertisements
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Advertisement26 2006-09-06 26 Hewitt Have you got what it takes to be a Best Employer? h w amu^r m i ■"■""I S3 "U —j J I HH ||H| H26 words
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Advertisement221 2006-09-06 26 Hewitt s Best Employers in Singapore To learn more please attend the study is the largest employee complimentary Best Employers in Singapore research project and market practice 2007 info session on Tuesday, October audit in the city state. It examines 10, 2006 at 2:oopm. people management practices in many of221 words
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EXECUTIVE MONEY
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Article, Illustration1225 2006-09-06 27 WONG SUI JAU - It's important to know the risk of the investments as well as your own personal risk appetite MONEY MATTERS WONG SUI JAU OW should a person handle risk when it comeis to investing? We all know that there are some investments which are riskier than1,225 words
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Article5572 2006-09-06 27 UNIT TRUSTS FUNDS AB Amer Income BT USD 8.6/ AB Amer Income A USD 8.58/ AB Amef Income B USO 8.581 ABN Amro Asset Mgt (S pore) AB Amef Income A EUR 6.67/ Star Europe Eqty! 0.97V ab Amer Income B EUR 6.67/ Star Ei*ope Bond 9V AB Europ Income5,572 words
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Article, Illustration1140 2006-09-06 28 GENEVIEVE CUA - StreetTRACKS Gold Trust, whose assets rose almost 70% in 2006 alone, is one of the fastest growing US-listed exchange traded funds, says GENEVIEVE CUA GENEVIEVE CUA THE preliminary prospectus for StreetTRACKS Gold Trust the world's largest gold exchange traded fund (ETF) has been lodged1,140 words
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Article, Illustration867 2006-09-06 28 GENEVIEVE CUA - When clients are hit hard by a change of terms, there should be a provision for waiving exit penalties and legal fees GENEVIEVE CUA Personal Finance Editor A GOOD number of Standard Chartered Bank home loan clients got a rude shock in the867 words
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Page 27 Advertisements
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Advertisement37 2006-09-06 27 1 You can now use your CPF savings to invest in AllianzGI Global Allianz Hiqh Payout Fund. Visit our appointed distributors for more details. Globai |nvestors mm. i If* $P J I I company regn no *****7169Z37 words
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Page 28 Advertisements
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Advertisement272 2006-09-06 28 P^OVIDEND® Independent Financial Adviser Investment Manager i "OlJk An Evening with Mr. Christopher Tan, CEO ofProvidend "HOW NOT TO BE A VICTIM TO WEALTH MANAGEMENT" Date: 28 th September 2006, Thurs Time: 7.00pm 9.30pm Venue: Fullerton Hotel Seminar Fee: $100 'Cocktail Reception Materials will be provided The concept of wealth272 words
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Advertisement29 2006-09-06 28 Kiffln IS AVAILABLE TO ACCOUNTANTS FINANCIAL ADVISERS WITH A CLIENT-BASE OF SOPHISTICATED INVESTORS LOOKING FOR VALUE AND TRANSPARENCY. FOR INFORMATION Contact Paul McDonald +61 3 9859 9409 or paulmcdonaldOwealth-lnsurance.com29 words
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Advertisement30 2006-09-06 28 MONEY MATTERS Understanding risks is the key PAGE 27 SCORE CARD Keep your investors informed,by advertising your financial results in our newspapers, Call 1800 289 8822 or email flotlces@spfixotn.sg. .t,30 words
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