The Business Times, 12 September 2006

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Total Pages: 115
1 116 The Business Times
  • 22 1 THE BUSINESS TIMES mmwth ANNIVERSARY jd A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Tuesday, September 12,2006 c SIN6APDRE%Stents online at http://business-timesasial.com.sg
    22 words
  • 883 1  -  Value harder to find, but he's still bullish on banking By LESLIE YEE [SINGAPORE] Renewed interest in Asia coupled with a liquidity bubble are driving up asset prices in the region, making it harder to find good value, said Citigroup chairman and chief
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  • 137 1 STI 2,488.51 (-21.63) ST INDEX FUTURES 2.491.00 (-22.00) SIMSCI 297.02 (-2.94) SIMSCI FUTURES 297.70 (-3.00) MARKETS Monday Change KLSECOMP 955.72 -0.98 NIKKEI 225 15,794.38 -286.08 HANG SENG 16,948.59 -117.17 SET INDEX 686.03 -6.43 JAKARTA COMP 1,447.25 -19.32 MANILA COMP 2,400.78 +22.74 SEOUL COMP 1,334.08 -20.81 SHENZHEN B 291.70
    137 words
  • 348 1  -  Region could wipe out poverty within next decade if growth continues By DANIEL BUENAS [SINGAPORE] After reemerging stronger from the Asian financial crises of 1997-98, Asia presents to the world today a positive model of macroeconomic stability and socioeconomic development, Prime Minister
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  • TOP STORIES
    • 379 2 28 people from 8 groups barred from entering S'pore SINGAPORE has barred 28 people from eight groups from attending the IMF/World Bank meetings which start this week. Announcing the ban yesterday, the police also defended their decision to ban outdoor demonstrations. SINGAPORE 2006, PAGE 4 World leaders have
      379 words
    • 530 2  -  Survey shows 37% of 685 employers polled plan to hire more staff in Q4 By CHUANG PECK MING [SINGAPORE] After starting to slow down, Singapore's job market has suddenly sprung to life again, according to the latest poll by Manpower, the US-based
      530 words
    • 383 2  -  It can help mitigate globalisation's harsher elements By LESLIE YEE [SINGAPORE] Globalisation is described by Citigroup chairman and CEO Chuck Prince as an "almost overwhelming trtod, which naturally created a backlash of sorts". Speaking in advance of the IMF-World Bank meetings starting here tomorrow,
      383 words
  • Page 2 Advertisements
    • 17 2 people Clients wanted. (Only excellent companies need apply) www.thepeopleatwork.com Asia-Pacific Executive Search KPMG KPMG Seminar Series SINGAPORE
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  • SINGAPORE 2006
    • 532 4  -  Though accredited, they are judged to pose threat to security and order By CONRAD TAN [SINGAPORE] Twenty-eight people from eight groups have been barred by police from attending the IMF/World Bank meetings which start this week. Announcing the ban
      YEN MENG JIIN  -  532 words
    • 400 4  -  It'll cash IMF-issued travellers' cheques for delegates free By MATTHEW PHAN [SINGAPORE] It used to be an empty booth, a former Sistic outlet that is out of service, tucked away behind the escalators on the right-hand side of the first floor
      400 words
    • 549 6 IIF head calls for resolve in times of uncertainty about global economy AP [WASHINGTON] To keep the global economy growing, finance ministers and central bank governors from the world's largest economies have to do a better job of working together to reduce widening
      AP  -  549 words
    • 50 6 [SINGAPORE] With the tight security surrounding the International Monetary Fund and World Bank events, security clearances are a must. Many from all over the world showed up at City Hall yesterday to collect their passes that will allow them access to the events. ARTHUR LEE
      ARTHUR LEE  -  50 words
    • 465 6 (HELSINKI! European finance ministers said that the next stage of reorganisation at the International Monetary Fund may be harder to achieve after they backed the fund's decision to give China and other emerging economies greater sway to match their rising economic might.
      BLOOMBERG  -  465 words
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  • COMPANY NEWS
    • 514 8  -  Derivatives trading rules revised after 2 rounds of public consultation By WONG WEI KONG 'THE Singapore Exchange (SGX) is introducing new rules on futures trading and clearing to keep pace with market changes. At the same time, there will be a new membership framework
      514 words
    • 634 8  -  HOCK LOCK SIEW By ROLAND LIM WHY would a major shareholder want to convene an extraordinary general meeting to dissolve the board of directors, only to propose to re-elect them as directors at the very same meeting? Well, that was what Vantage Corp proposed in
      634 words
    • 371 8  -  By CONRAD RAJ SHOULD Keppel Corporation or any of its subsidiaries make a large acquisition, the Temasek-linked entity is making sure that it has the necessary funds for any such eventuality. The diversified conglomerate yesterday announced that it has set up
      371 words
    • 536 11  -  They agree to refrain from any contentious moves until next EGM By MICHELLE QUAH THE two opposing groups of shareholders fighting for control of integra2ooo reached a truce of sorts yesterday. After duelling for almost two months, both sides worked out a compromise in the
      536 words
    • 356 11  -  By JEAN CHUA PUBLISHER and bookstore owner Popular Holdings has reported a 25 per cent fall in net profit for its first quarter ended July 31. The Singapore-based company, which runs a chain of Popular Bookstores in the region and prints mainly
      356 words
    • 209 11 LONDON-listed insurance broker Jardine Lloyd Thompson (JLT) is selling its retail operations in the United States to Californiabased Alliant Insurance Services for US$lOO million. The transaction, which is expected to conclude by the end of next month, comes months after the group first announced
      209 words
    • 224 11  -  By WEE LI-EN THE trial of former Informatics chief executive Ong Boon Kheng started yesterday, with former chief financial officer Patrick Lau taking the stand as the prosecution's first witness. According to the statement of facts read out in court, Ong was responsible for the
      224 words
    • 479 13  -  It warns of $5-8b writedown for SingTel unit unless returns improve By CONRAD TAN MERRILL Lynch has expressed fears that Sing Tel could face a "massive writedown" of several billion dollars on its Australian Optus unit unless returns improve. In a research report dated Sept 8,
      479 words
    • 231 13 PAN Hong Property Group, which develops residential and commercial properties in China, will offer 125 million shares at 35 cents per share in a mainboard initial public offering (IPO) valuing the company at $168.3 million. The 125 million shares consisting of
      231 words
    • COMPANY BRIEFS
      • 32 13 SWING Media Technology said it entered into a three-year US$3O million syndicated loan facility agreement with a group of international banks and financial institutions on Sept 7.
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      • 35 13 WBL Corporation announced that one of its wholly owned Malaysian subsidiaries has been appointed as a Volkswagen distributor in Malaysia. This is the group's first partnership with Volkswagen.
        35 words
      • 51 13 THE Singapore Exchange (SGX) has queried Hiap Seng Engineering on "a substantial increase" yesterday in the price of the company's shares. Hiap Seng's stock climbed to a one-year high of 40 cents before closing at 39 cents yesterday—up 3.5 cents or 9.9 per
        51 words
      • 33 13 ADVANCED Holdings has obtained a five-year "pioneer tax status" for its bio-diesel project to be located in the designated "eastern corridor" of Peninsular Malaysia in Kuan tan, Pahang.
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      • 36 13 SUNGARD Asia Pacific said yesterday that its offer for System Access Ltd is now unconditional as the former received acceptances for 99.36 per cent of System Access's shares by spm yesterday.
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    • 318 13 LMA International has enforced a judgment by a German court against Ambu (Deutschland) GmbH, a move that entitles the Sin-gapore-listed airway masks supplier to seek up to 250,000 euros (*****,400) in penalty payment for each case of non-compliance. Ambu is barred, with immediate effect,
      318 words
    • 312 13 Bloomberg CAPITALAND Ltd said it may double investments in China in the next five years, even as demand slowed under Bering's curbs on real estate loans and development. The developer has invested 30 billioa yuan (555.9 billion) in projects in China since
      Bloomberg  -  312 words
  • Page 8 Advertisements
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    • 14 8 HH mi M M X Singapore 2006 a 5 the yoice Communication SoCution §pfj
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  • Page 9 Advertisements
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  • SINGAPORE MARKETS
    • 537 12  -  STOCKS Straits Times Index's 0.86% loss is moderate when compared to other regional indexes TEH HOOI LING Senior Correspondent THE fall in oil prices to a five-month low, as well as declines in commodities like gold and copper, triggered a stock sell-off in Asia yesterday.
      Source: Bloomberg  -  537 words
    • 428 12 Deemed Interest; IP: Investment Purposes; SA: Share Allotment; ST: Share Transfer; B/R: Bonus/Rights Issues; OE: Option Exercise; PL: Placement Shares; IT: Internal Transfer Compiled by BT OTHER SINGAPORE INDICES Sep 11 VALUE CLOSE BT OB/OS 150.00 +61.00 BTCAP1 -*****.00 -46.00 BT 10-day MA -*****.00 +15.00 All-SG Equities
      428 words
    • Article, Illustration
      961 12  -  Compiled by MATTHEW PHAN AusGroup Sept 11 dose: 550.34 UOB KAY HIAN. Sept 11 AFTER an excellent set of earnings with EPS growth of 38.5 per cent (FYO6 EPS of 3.6 Australian cents), AusGroup continues to show positive corporate dynamics. In July, it completed the acquisition of Cactus
      Source: Bloomberg  -  961 words
    • 537 12  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar recovered with a vengeance yesterday, revisiting highs not seen in seven and six weeks respectively versus the Australian dollar and the euro, while rebounding to its best levels in more than a week versus the Japanese yen.
      Source: Reuters  -  537 words

  • Page 13 Advertisements
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  • SINGAPORE NEWS
    • 87 14 LAW firm Herbert Smith LLP yesterday announced the launch of a Singaporebased US securities practice focused on South-east Asia and India. The Singapore office comprises 13 lawyers including three partners and is the centre of its Southeast Asian practice. Nick-Anthony Buford is senior US
      87 words
    • 448 14  -  Corporate clients can produce own electricity with cogen, trigen units By RONNIE LIM POWER generating company Tuas Power and gas importer Gas Supply Pte Ltd (GSPL) have formed a new joint venture called TPGS Green Energy. It will develop and market energy-efficient
      BLOOMBERG  -  448 words
    • 260 14  -  Glowtec, Keppel Integrated Engg figure in deals By MATTHEW PHAN WATER-RELATED companies from Singapore have signed two agreements with their Chinese counterparts in the middle of a fiveday trade mission from Singapore to China. Singapore's Institute of Environmental Science and Engineering, together with
      260 words
    • 295 14 AS SINGAPORE lightens controls on strategic goods moved through its ports to curb the trafficking of weapons of mass destruction (WMD), Singapore Customs has said that transhipment and transit cargo will be exempted from permit requirements under certain conditions. In a statement
      295 words
    • 333 16  -  Strata Titles Board hears 80-year-old widow Chow's views about sale By UMA SHANKARI MORE than 60 unit owners in Eng Lok Mansion have to wait for at least another f week to see if the sale of I their property will go ►.through.
      FILE PHOTO  -  333 words
    • 500 16  -  Johor state govt ups offer, and Khazanah may join bid to develop land By S JAYASANKARAN in Kuala Lumpur A THREE-YEAR deadlock over Johor state acquiring land from Singapore-based Lee Rubber Company could be broken soon. The state government has upped
      500 words
    • 419 16  -  By ARTHUR SIM THE second hotel site launched by the Urban Redevelopment Authority (URA) for sale this year has received a bid of $26 million from an unnamed developer. This comes just weeks after Hong Kong's Park Hotel Group paid more than double the
      419 words
    • S'PORE ROUNDUP
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  • ENTERPRISE & INNOVATION
    • 1572 15  -  Through R&D, Universal Wellness' founder has come up with a wide range of health products. CHEN HUIFEN reports CHEN HUIFEN BEFORE the advent of railroads, sea travel and air transport, traders and merchants had to traverse land and sometimes treacherous terrain to hawk their wares
      JOHN HEM  -  1,572 words
    • 857 15  -  By CHEN HUIFEN WITH about 101 incubators and accelerators in Singapore supporting both foreign and local enterprises, there has never been an easier time to start up a new business here. Business incubators and accelerators are organisations that help to nurture enterprises
      Source: ED  -  857 words
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  • Page 16 Advertisements
    • 4 16 Enterprise One www.business.gov.sg Ou^
      4 words
    • 207 16 B HITACHI Inspire the Next A You can enjoy big savings on the energy bill for your buildings, old and new, by using our one-stop energy-saving solution. pMfPlUlj We have more than 75 years' experience in the engineering industry, including the installation of air-conditioning 11 systems for ail kinds of
      207 words

  • SME SPOTLIGHT
    • 774 17  -  NANDE KHIN explains how it benefited Enzer and three SMU students NANDE KHIN AN astute businessman knows a good deal when he sees one, and homegrown consumer electronics outfit Enzer's founder and executive chairman Boyd Au is no exception. When he came across an opportunity for his
      774 words
    • 760 18  -  It pioneered radiology in Vietnam, has opened a subsidiary in Malaysia and continues to expand regionally, reports RUCHIKA TULSHYAN RUCHIKA TULSHYAN LIM See Wah, managing director of Pan-Malayan Pharmaceuticals (PMP), has much to smile about. He runs a company that has carved a niche for
      ARTHUR LEE  -  760 words
    • 862 19  -  SMALL CAPS CEO Andy Luong tells MATTHEW PHAN how he plans to grow the company MATTHEW PHAN ANDY Luong, chief executive of Norelco UMS Holdings, a mainboard-listed contract manufacturer for the semiconductor and hard-disk drive industries, has come a long way. Born in South Vietnam,
      862 words
    • 302 19  -  By TEH HOOI LING OUR small-cap portfolio held up quite well in the past week, despite the small-cap sector coming under some profit-taking after its strong performance in August. Our portfolio had 13 gainers versus seven losers, and edged up 0.1 per cent overall. That's
      302 words
  • Page 17 Advertisements
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  • Page 19 Advertisements
    • 97 19 Hi mru. i i. ij.nja. It's people like Evgenly Darovskikh and the more than 285,000 employees worldwide who give DHL unrivaled local knowledge. Our fleet of 76,000 land, air and sea vehicles in over 220 countries and territories makes it possible to cover the globe and meet deadlines every day.
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  • MALAYSIA
    • 678 20  -  Blames bribery for not being elected Umno delegate By PAULINE NG in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad blames money politics in his former constituency for his failure to secure enough votes to become a delegate to
      REUTERS  -  678 words
    • 293 20 It has agreed to pay 860 pence per share in cash Reuters [KUALA LUMPUR/LONDON] Malaysia's Genting has agreed to buy Stanley Leisure in a deal which values the UK casino firm at £639 million (Ssl.B billion) and shores up Genting's position in a
      Reuters  -  293 words
    • 237 20 [KUALA LUMPUR] ExxonMobil Corp, the world's largest energy company, is believed to be looking at the possibility of taking its Malaysian publiclisted unit private by the end of the year, company sources told Malaysia's Business Times. The US company's wholly-owned unit, ExxonMobil
      237 words
    • BRIEFLY ASIA
      • 81 20 AFP [BEIJING] China's trade surplus hit a monthly record of US$lB.B billion in August, state media said yesterday. In the first eight months of the year, the accumulated surplus hit U5595.7 billion, the Xinhua news agency said, citing customs statistics. It did not
        AFP  -  81 words
      • 73 20 Bloomberg [BASEL] Chinese central bank governor Zhou Xiaochuan said the yuan is "in the process of strengthening" as China allows greater flexibility in the currency's exchange rate. "We're steadily expanding the flexibility of our exchange rate," Mr Zhou said yesterday in Basel, Switzerland, where he's
        Bloomberg  -  73 words
      • 69 20 Bloomberg [MUMBAI] India aims to attract as much as 300 billion rupees (5510.2 billion) of foreign direct investment in metals and minerals sector after the government overhauls a 49-year-old mining law, Junior Mines Minister T Subbarami Reddy said yesterday. Mining will contribute up to
        Bloomberg  -  69 words
    • 4 20 Source: Reuters
      4 words
  • Page 20 Advertisements
    • 105 20 *I>a,cJz. K*et e-vreiA. k ci* 6,1* cr6/>IS crj" fort Cvfvol |PV"tyft,6'^' yW t(ve eye-rytkn'v^ £,*> ■Z. fist K 0 s Ikjr BttJl vvJIQ- Y&i^&^\yeY? Four Seasons Hotel RATES start AT BED BREAKFAST PACKAGE I WHILE STAYING IN THE US$ T// Superior Room, enjoy breakfast for two at Seasons Caf£. m
      105 words

  • INDIA
    • 380 21 New CSFB banker likely to be the highest paid with US$2m package Economic Times [MUMBAI] Global investment banks making a late entry into India are pushing up salaries to multi-million-dollar level while creating a churn in the industry. V Anantharaman, who heads
      Economic Times  -  380 words
    • 428 21 Hyundai sets up plantand home in Chennai Reuters [CHENNAI, India] In the auto industry, carving out a place in India is in vogue as its population of more than one billion promises big returns for future business. But few have taken to the task as literally as Hyundai Motor Co,
      Reuters; REUTERS  -  428 words
    • 231 21 Bloomberg [HAVANA] India's biggest state-controlled oil exploring company won permission from Cuba to drill for crude in its waters, part of an effort by the Caribbean island's communist regime to become oil self-sufficient in coming years. Financial terms of the
      Bloomberg  -  231 words
  • Page 21 Advertisements
    • 259 21 8 PECK iThink software mm Business must continually embrace change in order to Workshop details survive and grow. This implies risk. Dynamic modelling st on 9 background in simulation modelling, Evans minimicac th. ri.kc i„ uft i iri Z Peck has been providing sound decision modelling advice to minimises the
      259 words
    • 567 21 Managing Risks in an Uncertain Business Environment Growing your business nowadays often means f global expansion but venturing into overseas j markets brings with it both opportunities and risks. (i| The key to successful internationalisation lies in minimising risks so that businesses can tap on the business prospects available. To
      567 words

  • GREATER CHINA
    • 418 22 They include ICBC, a supermarket chain operator and a property developer [HONG KONG] Following the H-share debut of China Merchants Bank, at least seven more mainland companies will float shares in Hong Kong this month and in October, The Standard reported
      REUTERS  -  418 words
    • 316 22 Bloomberg [TAIPEI] Foxconn International Holdings Ltd, the world's biggest contract maker of handsets such as the Razr, joined Hong Kong's benchmark index on Monday after its market value rose six-fold, surpassing companies including Lenovo Group Ltd. The market value of Shenzhen, China-based Foxconn surged to
      Bloomberg  -  316 words
    • 346 22 [HONG KONG] Gushan Environmental Energy, a biodiesel fuel producer, will delay its Hong Kong initial public offering until at least HI 2007 to await clarification of new mainland rules that bring red-chip listings under much closer regulatory scrutiny, the South China Morning Post reported yesterday.
      346 words
    • 42 22 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; v Broadly Diversified; Narowly Focused; Lower Risk; Low to Medium Risk: Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A- Non Dealing Day
      42 words

  • Page 23 Advertisements
    • 902 23 IHIMHHBHbMmHMmmI EKKI. kfik ii j** j» s iS ■Mpp^^f-v»W welcomes the world with 4 million smiles and an endlesss array of culinary delights,during the IMF and World Bank meeting. With a smorgasbord of familiar international cuisine to distinctly local delights, any guest in Singapore will be spoilt for choice indulging
      902 words

  • ASIA-PACIFIC/WORLD
    • 699 24 Move comes as dissent among mom-and-pop shops grows THAILAND'S Ministry of Commerce has taken an unexpected step to halt the expansion of large retail outlets of Western origin across the nation as dissent among mom-and-pop shops grows. Thailand's Deputy Commerce Minister, Preecha Laohapongchana,
      AFP  -  699 words
    • 237 24 Bloomberg [LONDON] The drop in oil, gold and other raw materials since May is signalling an end to the five-year bull market in commodities as global growth slows and demand falls. "The mega-run for commodities has run its course," says Stephen Roach, the New York-based chief
      Bloomberg  -  237 words
    • 470 24  -  By ANTHONY ROWLEY in Tokyo AN economic partnership agreement (EPA) between Japan and the Philippines was signed at the weekend in Helsinki by Japanese Prime Minister Junichiro Koizumi and Philippine President Gloria Macapa-gal-Arroyo, who were both in the Finnish capital for the Asia-Europe summit
      470 words
    • WORLD WATCH
      • 75 24 Bloomberg [SYDNEY] Telstra Corp had a plan to charge rivals higher connection charges for long-distance services blocked by the competition regulator in a draft decision. The proposal by Telstra, which would have also lowered connection charges for local fixed-line calls, would double the rates for long-distance
        Bloomberg  -  75 words
      • 67 24 Bloomberg [SEOUL] Samsung Electronics Co, the world's second-largest semiconductor maker, forecast the company will post record chip sales during the third quarter, helped by rising prices of computer memory. The company expects revenue to rise on demand for dynamic random access memory, or
        Bloomberg  -  67 words
      • 64 24 Bloomberg [SEOUL] South Korea's Fair Trade Commission is investigating Hyundai Motor Co and some of its affiliates, adding to probes that have already led to bribery charges against the chairman of the country's largest carmaker. The new probe into suspected unfair internal trading was prompted
        Bloomberg  -  64 words
      • 67 24 Reuters [HONG KONG] Citigroup Inc has signed a cooperation agreement with Vietnam's Eastern Asia Commercial Bank to access the country's cards, consumer finance and corporate banking markets. Citigroup said it had signed a memorandum of understanding with Eastern Asia, a mid-sized Vietnamese lender with
        Reuters  -  67 words
  • Page 24 Advertisements
    • 257 24 The electronics industry has been a mainstay of the Singapore economy since the early nineties. Date In 2005, electronics products accounted for 36% Friday, 22 September 2006 of toy manufacturing output Exports for electronics are expected to grow 5% to 6% in 2006, compared Time with 3.9% in 2005. 8.30
      257 words
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  • Page 25 Advertisements
    • 333 25 \y| \wl HH ii wM liSe* aEi fex» v W Oingapore welcomes the world with 4 million smiles and an endlesss array of culinary delights,during the IMF and World Mb Bank meeting. With a smorgasbord of familiar international cuisine to distinctly local delights, any guest in Singapore will hml be
      333 words

  • AVIATION
    • 491 26 Govt can open terminal 6-8 months after payment to Piatco Reuters [MANILA] The Philippines said it paid 3 billion pesos (Ss93 million) in compensation to a business group led by Germany's Fraport AG that built an airport terminal, seized by the government
      Reuters; AFP  -  491 words
    • 337 26 AP [LONDON] Hand baggage restrictions imposed last month on flights from British airports after police uncovered an alleged plot to blow up US-bound airliners may soon be eased, a government official said on Sunday. Passengers and airlines have complained about the inconvenience
      AP  -  337 words
    • 400 26 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      400 words
    • 349 26 Bloomberg (PARIS] European Aeronautic, Defence Space Co (EADS), the parent of Airbus and Europe's largest aerospace company, said it was notified that Russian state-owned bank Vneshtorgbank has acquired 5.02 per cent of its shares. "Yes, we received notification late Friday that the bank
      Bloomberg  -  349 words
  • Page 26 Advertisements
    • 669 26 M THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF JOO HAN SHIPPING PTE LTD (COMPANY REGISTRATION NO. 1M*****4N) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of -the members of the abovenamed company duly convened at 1* 1 Floor Lot MO5-MOS Pending Court, Jalan
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    • 68 26 BT/ZUJI Deals of the Week BUSINESS CLASS {from S) ECONOMY CLASS (fcom j HOTEL (from Tokyo/Nagoya $1,999 $538 j $88 Northwest Northwest Saigon jss3B (VfctoamAMnes) $185(VtanamArtnei) $102 1 New DeM 1 $840 Orator.***) I $3440ntbnArtne) I $36 «VA«I £I.649m*Arwaw} $780{GutfArt $116 'V "V Sydney j $2399 MW $439<Gu»*) j $151
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  • Page 26 Miscellaneous
    • 206 26 CRYPTIC CROSSWORD 17 Double vision (12) 20 Pity starch is unlikely to make DOWN 1 Various needs are expressed (12) YESTERDAY'S SOLUTION in song® 15 Finish with conclusion of Across: 7 Oculist. 8 Byronic, 10 2 He suffers from a lack of bal- judge in lawsuit (5) Leadership. 11 Cake,
      206 words

  • SHIPPING
    • 709 27 They are seeking some 10,000 officers in the next three years to operate vessels Reuters [CHICAGO] AS shipping companies around the world expand their fleets, qualified sea officers are in high demand. Rising global consumption of everything from oil to iron ore and televisions
      Reuters; FILE PHOTO  -  709 words
    • 669 27 AFP [KUALA LUMPUR] The maritime industry has done little to improve security since the Sept 11 attacks while cooperation among governments on security is still lacking, analysts and a senior Malaysian official said yesterday. Maritime expert and Emeritus Professor at the Massachusetts Institute
      AFP  -  669 words
  • Page 27 Advertisements

  • EDITORIAL & OPINION
    • 511 28 EDITORIAL SINGAPORE'S tough position on outdoor demonstrations during the IMF-World Bank meetings here contrary to what some believe actually sends the right messages. Ahead of the high-profile meetings, the Republic has come in for criticism for its decision to ban street protests by activists and
      511 words
    • 925 28  -  An Apec-wide trade deal can accelerate the process of integrating the Asia-Pacific economies WILLIAM PESEK JR Bloomberg A1 2-CAR motorcade zoomed up to one of Hanoi's swankiest hotels recently. Its passengers were greeted with smiles, bows and a receiving line of
      Bloomberg; BLOOMBERG  -  925 words
    • 763 28  -  THE BOTTOM LINE REGINALD DALE NOW that Prime Minister Tony Blair of Britain has confirmed that he will leave office next year, Americans must get used to the prospect that relations with their closest ally-are likely to become markedly less intimate. For
      763 words
    • 310 29  -  LETTERS TO THE EDITOR Sonny Yuen Chee Choong Singapore I REFER to your report, "S'pore inter-ministry group to formulate energy policies" (BT, Sept 8). While I applaud the announcement by Minister of State For Trade and Industry S Iswaran, I feel more needs
      310 words
    • 118 29  -  Denis Distant Singapore ORCHARD Road and other roads around the Suntec City venue of the IMF-World Bank annual meetings have been planted with flowers with the aim to impress the delegates. However, these people are not horticulturists, but bankers and financial experts. It would have
      118 words
    • 1886 29  -  Instead of more empty rhetoric, America should work towards reducing its military intervention in the Gulf By LEON HADAR I REMEMBER landing in New York City for the first time about 30 years ago and gazing at the majestic beauty of the Statue of
      AP  -  1,886 words

  • Page 29 Advertisements
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  • 3364 31 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local cuff In S$ In USS dy Syr %dy Syr Sdy Syr S«p8 Indax Change Change Change Change Chang* Change The World Index Preliminary 1007.8 0.2 B.9 0.2 1.0 0.0 6.8 t EAfE Pretiminary 1017.8 0.4 4.6 0.1 4.4 -0.1 10.4 Europe
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  • Page 32 Advertisements
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  • PROPERTY
    • 516 35  -  But owners of Futura confident of getting $295m in en bloc sale By ARTHUR SIM HAIG Gardens in Katong has been sold for $44 million, 12 per cent below the original asking price of $50 million, but owners of Futura at Leonie
      516 words
    • 237 35 Reuters [WELLINGTON] New Zealand's residential market continued to cool in August, with annual growth in property values slowing for the seventh straight month, government agency Quotable Value (QV) said yesterday. The QV house price index rose 10.5 per cent in August from a year
      Reuters  -  237 words
    • 798 36  -  Performance driven by upmarket launches, collective sales in prime areas By KALPANA RASHIWALA THE luxury housing market continued to shine in the second quarter. The biggest increases in the number of private apartment and condo deals were posted by units in the
      Source: URA Realis, DTZ Research  -  798 words
  • Page 35 Advertisements
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  • The Business Times guide to the IMF-World Bank Annual Meetings, Singapore 2006
    • SINGAPORE 2006: CONTENTS
      • Article, Illustration
        159 38 4 Messages: Singapore Prime Minister Lee Hsien Loong, IMF Managing Director Rodrigo de Rato 6 Program of Seminars 10 Chronology: History of the IMF-World Bank KEY ISSUES 16 Taking stock: IMF's new medium-term strategy 20 Adding value: The World Bank in Asia 26 Cautious admiration: Latin America and the
        159 words
    • SINGAPORE 2006: MESSAGES
      • 498 40  -  By LEE HSIEN LOONG Prime Minister, Singapore rFOUR years ago, when we bid to host the 2006 Annual Meetings of the IMF and the World Bank, the global outlook was very different. The world was just emerging from the aftershock of the
        498 words
      • 615 40  -  By RODRIGO DE RATO Managing Director, International Monetary Fund THE 2006 Annual Meetings of the World Bank and International Monetary Fund in Singapore provide an opportunity to strengthen the IMF as our member countries confront the challenges of 21st century globalisation. The core
        615 words
    • SINGAPORE 2006: PROGRAM OF SEMINARS
      • 2557 42  -  By TOMMY KOH THE last time the IMF and the World Bank had their annual meetings in Asia was in 1997. Many countries in East Asia were struck by the financial crisis which caused great suffering to the people. Many pundits in
        2,557 words
    • 4729 46 1944: Jul 1-22: IMF and World Bank Articles of Agreement are formulated at the International Monetary and Financial Conference, Bretton Woods, New Hampshire, USA. 1945: Dec 27: Articles of Agreement enter into force upon signature by 29 governments, representing 80 per cent of original quotas. a 1946:
      4,729 words
    • SINGAPORE 2006: KEY ISSUES
      • Article, Illustration
        2270 52  -  Mark Allen, director of the IMF's Policy Development and Review Dept, talks to VIKRAM KHANNA about the Fund's new medium-term strategy VIKRAM KHANNA Vikram Khanna: Why does the IMF need a new medium-term strategy? Mark Allen: It makes sense for any institution, especially one that's 60 years old,
        YEN MENG JIIN  -  2,270 words
      • 1360 56  -  The World Bank tailors its cooperation with countries in East Asia to meet the needs of the region's diverse economies, explains HOMI KHARAS HOMI KHARAS AST Asia is economically the most diverse region on the v planet. Rich, middle-income and low-income nations all live
        AFP; AP  -  1,360 words
      • 1820 62  -  DANIEL LEDERMAN, MARCELO OLARREAGA and GUILLERMO PERRY examine the Latin American response to the rise of China and India DAIVIEL LEDERMAN, MARCELO OLARREAGA, GUILLERMO PERRY CHINA and India's fast economic growth in the past decade is matched only by their growing presence in policy discussions throughout the Latin
        REUTERS  -  1,820 words
      • 2028 66  -  One of the IMF's chief concerns in recent years has been the ballooning of global current account imbalances. RAGHURAM RAJAN discusses how the private sector can adjust, how governments can tweak policy, and how multilateral consultations can make a difference RAGHURAM RAJAN THE 2006 IMF-World Bank annual
        REUTERS  -  2,028 words
      • 1874 70  -  JAMES M BQUGHTON sets out how IMF quotas work JAMES M BOUGHTON FOR anyone trying to understand how the International Monetary Fund works, the role of country "quotas" can be a bit daunting. No other financial institution is structured this way, and the word does not
        1,874 words
      • 1433 74  -  We need to do more to embrace the clean energy technologies already available to us, says KATHERIME SIERRA KATHERINE SIERRA BY 2050 the world's population is expected to reach nine billion people, an increase of nearly 50 per cent from today, and mostly in
        PHOTOS: AFP, REUTERS  -  1,433 words
      • 3298 78  -  The world is no longer as it was when Bretton Woods came into being. With the US-European share of the economy and global political leadership shrinking, it's high time that Asians had a bigger say at the IMF and the World Bank, writes KISHORE MAHBUBANI KISHORE
        IMF  -  3,298 words
      • 2118 84  -  PAUL REDDEL draws some important lessons from the World Bank experience in financing infrastructure PAUL REDDEL Fi OR many developing countries, including those in Asia, bridging gaps in infrastructure is key to achieving goals for growth and poverty reduction. Over the years, developing governments have generally under-invested
        PHOTOS: BLOOMBERG, AFP; PHOTOS: REUTERS  -  2,118 words
      • 1793 90  -  In the face of criticism that its interventions in emerging market crises are harmful, and that its adjustment programmes in poor countries aggravate rather than alleviate poverty, the IMF needs to reinvent itself to restore its relevance and credibility, says YILMAZ AKYÜZ YILMAZ AKYÜZ THE
        NOEL A ROSALES/ST  -  1,793 words
      • Article, Illustration
        2333 94 An examination of the extent of the disease and the key challenges in the battle to contain its spread WITH almost half the world's population, Asia will determine the future of the global HIV/Aids pandemic. If prevalence rates in China, Indonesia and India increase to numbers similar to
        Source: UNAIDS; PHOTOS: AFP  -  2,333 words
      • 1803 100  -  The AMF initiative, despite its earlier failure to fly, may yet take off. ANTHONY ROWLEY reports ANTHONY ROWLEY NEXT year will mark the 10th anniversary of the Asian financial crisis and of Japan's ill-fated attempt to launch an Asian Monetary Fund that was designed to
        PHOTOS: BLOOMBERG  -  1,803 words
      • Article, Illustration
        1789 102  -  After integrating globally and within the region, East Asian countries now need to do the same at home, say INDERMIT GILL and HOMI KHARAS INDERMIT GILL, HOMI KHARAS EAST Asia is vastly different today than the place described in a 1993 World Bank report, The East Asian
        AFP; REUTERS  -  1,789 words
    • SINGAPORE 2006: TIME OUT
      • 1730 106  -  DAVEN WU presents a Singapore food guide for the indecisive gourmand DAVEM WU IT IS impossible to go hungry in Singapore. The city is an astonishing melting pot that blends the regional flavours of China, the chilli heat of the Indian sub-continent and the pungent herbs
        1,730 words
      • Article, Illustration
        1088 109  -  MELISSA LWEE takes you on a night tour of the island's coolest clubs and hottest hangouts MELISSA LWEE INGAPORE may be small, but its nightlife scene is going big. In the last year alone, some renowned 1| names from the world of entertainment like the British Ministry of
        1,088 words
      • 773 111 ATTRACTIONS DISTRACTIONS There's more to Singapore than shopping and eating, writes DAVEN WU MENTION Singapore and chances are that most first timers in Singapore or for that matter even repeat visitors are apt to think immediately of the bold-faced couture names strewn along Orchard Road, or the soaring steel-brushed skyscrapers
        773 words
      • 549 113 Mint Museum ofToys 26 Seah Street. T: 6287 0060 Open Mon to Sun, 9.30 am to 6.30pm. Admission at $10 for adults, $5 for children and senior citizens (60 and above). Family promotions at $24-28. Check out businessman Chang Yang Fa's collection made up of
        549 words
      • 475 112  - EIGHT TOURISTY THINGS \V ITODO IN SINGAPORE By DAVEN WU Get up close and personal with the animals of the night at the Night Safari (80 Mandai Lake Road, T: 6269 3411 Kb. zoo teeming with nocturnal beasts. The scenic tour on the open aired trams is a little touristy,
        475 words
      • Article, Illustration
        784 114  -  Don't leave before checking out the most talked-about arts events in town. PARVATHI NAYAR highlights the shows to catch and the names to watch PARVATHI NAYAR The Singapore Biennale: 8 must-see artists TAKASHI KURIBAYASHI Tanglin Camp, Aquarium: I Feel Like I'm in a Fishbowl, mixed media installation The
        784 words
    • 1021 60 BT ADVERTORIAL Rajah Tann is actively involved in shaping legislation for countries around the region jf"** 1 ROM Lesotho to Mongolia, local law firm Rajah Tann has been assisting developing countries to set up their legal framework to help achieve their development goals. The firm has
      FILE PHOTO; RAJESH SREENIVASAN; KALA NANDARAJAH  -  1,021 words
    • 200 60 RAJAH Tann is one of the largest full service law firms in Singapore and the Asia-Pacif-ic. The firm was named Construction Law Firm of the Year 2006 and Maritime Law Firm of the Year 2006 at the recent Asian Legal Business Leading Law Firms Deals
      200 words
    • 789 61 BT ADVERTORIAL Its long-standing commitment to social responsibility and lending medical assistance has made it a credible resource option for international donor agencies GOING international for Singapore companies does not always mean opening overseas offices. And sometimes they don't even have to look at their
      789 words
    • 231 61 Int'l education research projects BESIDES engaging in international projects, Sing Health is a major regional centre for postgraduate healthcare education, research and training. Sing Health's training institutions, which include the SGH Postgraduate Medical Institute, Sing ealth Alice Lee Institute of Advanced Nursing, and Postgraduate Allied Health Institute, offer short training
      231 words
    • 156 61 SINGAPORE Health Services Pte Ltd (Sing Health) is Singapore's largest group of healthcare institutions, with three hospitals Singapore General Hospital, KK Women's and Children's Hospital and Changi General Hospital; five National Specialty Centres for cancer, heart, neuroscience, eye and dental care; and a network of primary
      156 words
    • 786 62 BT ADVERTORIAL CPG Consultants conducting a World Bank-funded study to improve the city's transportation network TIANJIN'S rapid development and growing population have led to increased demand for transportation within the city, and realising this, the Tianjin municipal government funded by the World Bank decided recently
      786 words
  • Page 38 Advertisements
    • 693 38 Editor: Vikram Khanna Sub-editors: Leong San Ming (coordinator), Michelle Low, Dextei Lee Designer: Gareth Chung Artists: Jennifer Chua, Jacqueline Phua Sarah Loyola Photographer: Yen Meng Jsin SCHEDULE OF EVENTS 2006 Fund and Bank annual meetings Sept 11 Bam Registration opens City Hall Sept 14 10am Press briefing: World Economics Outlook
      693 words







  • Page 45 Advertisements
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    • 133 51 Being the big fish is only the start... CB Richard Ellis is the leader in investment property sales and commercial leasing. ••"V "V Our Investment Properties team handled US$l.l billion worth of investment deals. And Office Services transacted 1.28 million square feet of office space in the first half of
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    • 187 52 www.DopodAsia.com oopoo Enjoy Mobility Dopod 838 Pro. FOR ALL YOUR must keep in touch with the office by checking my emails on the go and making sure the deals are signed and the goods get sent on time while surfing the web for the best places to go on holiday
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    • 74 54 don't miss SINGAPORE'S HOTTEST MUSICAL 4 PORTRAIT OF AN EMPRESS I fc. A A j JifejKF K fl|| .jn «-t^sl J Presented by v Singapore ceJft& SEASON MUST END 30 SEPT ESPLANADE THEATRE WITH CHINESE SUBTITLES Call SISTIC at 6348 5555 or visit www.sistic.com.sg 1„ MflkJal Aauu Ui^l rrooucooo apontof
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    • 77 58 Singapore's premier gallery of I KWOK Chinese art presents a collection of GALLERY Three Generations of Experience Shang, Zhou and Han period bronzes; since ms pottery sculptures from Han to Tang; 545 rchard Road #03 01 Far East Shopping Centre ceramics from the Song and Yuan; (next to HKton Hotel)
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  • Page 63 Advertisements
    • 97 63 nHnpr ■■Pr f*S.,-K' v 's?S3£ ■/&?%&+*>>» -'i < t-.S-rA yaalPfe^aßfcvr» v--- -'tr"'/'. ;<^w .^a^ijglF Hfe. JP' Ay|aHH|^^fliHl Network for Electronic Transfers (Singapore) Pte Ltd (NETS) is at the forefront of Singapore's cashless a||"ff revolution, supporting nationwide direct debit, stored value and Internet payments. f* I NETS' track record over the
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  • Page 65 Advertisements
    • 169 65 CIMB, one of the region's most awarded investment banks, is now a universal bank. I^| Southeast Asia's most awarded investment bank is now poised to create more value for clients at every level frofjjj today's corporate big boys, to the littlest ones right in your home. The CIMB Group is
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  • Page 67 Advertisements
    • 98 67 Terms and conditions: IMF Delegates special promotion valid till 22 Sept 2006. All other promotions are valid to the public. While stocks last. *IMF delegates are to present the IMF delegate pass at the counter before purchase. This offer is only valid at the following exclusive partner outlets: Suntec City
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  • Page 69 Advertisements
    • 206 69 An extraordinary Singapore lifestyle icon takes shape. f-'fo' jj® 7 Hr *> Am Jg All m M m -Nfc a I>JIM AJ lltiir fify k _i^Hß^^|B^^^ *iri# 1 l^iWil avliiT' r T^^wnlpk" ~A ja JI3SHMP Jfcktw if9i^{Bß^HHi^Hi^^^^^^ hl^ > >ss, v **,jnuHnnnni Welcome aboard and be amazed by the nautical
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  • Page 70 Advertisements
    • 89 70 %l#estpac Westpac would like to extend a warm welcome to the 16,000 delegates visiting Singapore for the 2006 IMF Conference. We hope your stay is safe and enjoyable. If we can be of assistance at any stage of your trip, from cash-backed loans to multi-currency terms and personal banking, please
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  • Page 71 Advertisements
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    • 75 88 Strictly for delegates. Visit us now and get your luggage or bag fixed at no charge* Only at Marina store for basic repairs. With minimum purchase of $450 at either store. Delegates must present their IMF/World Bank identification. Travel Gear Business Bags Travel Books Maps Travel Accessories Travel Appliances Outdoor
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  • Page 92 Advertisements
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  • Page 95 Advertisements
    • 76 95 Fine, Exquisite Chinese Antiques, Contemporary Furniture. Antique Porcelain Wares Works of art. We specialize in design custom-made furniture with Zitan, Blackwood, Rosewood, Camphorwood Elm wood from Beijing. Specializes in Antique furniture restoration and others. 63 South Bridge Road, Singapore *****3 Te1:*****492 Fax:*****783 E-mail:khaiarts@singnet.com.sg \''x .SIXIX IH I X > Bj
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  • Page 97 Advertisements
    • 196 97 A posh 130-<seater chic Chinese restaurant in the heart of Chinatown. It is tastefully designed in contemporary style, creating a comfortable ambience ft. a^ jazzy Chinese music. SjjyL*!r '«&.^j§L* Impressively presenting our intriguing menu of original modern Chinese dishes lߧ our renowned Hong Kong chef, every dish that came out
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  • Page 104 Advertisements
    • 263 104 mmpp The University of Manchester International Compliance Association Manchester Business School www.int-comp.org Professional Qualification for Compliance Officers The International Compliance Association (ICA) in association with the University of Manchester Business School is pleased to announce the Singapore launch of the Certificate in Compliance and the International Diploma in Compliance. International
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  • Page 105 Advertisements
    • 147 105 .Wm^-^yw'iry jj Knot An ji l! Ordinary if M Private A Collection. I| We extend a special |Pf| J|lp invitation to all delegates l|||§ to visit our showroom pB: flif and view our exclusive Bli lg| £t fel lot collection or Traditional ffS| Tribal. Classic Persians fill! jjp|l 3nd Silk
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  • Page 115 Advertisements
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