The Business Times, 15 September 2006
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2006-09-15
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The Business Times
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Title Section25 2006-09-15 1 THE BUSINESS TIMES N N«VIR A SINGAPORE 85 cents online at http://business-times.asial.coni.sg JT A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Friday, September 15,2006 mmmmmmmmimmmmmmmmmmmmmmmmmmm25 words
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797 2006-09-15 1 ANNA TEO - IMF hikes global growth forecast to 5.1 But its chief economist warns that medium-term risks may affect world economic health By ANNA TEO [SINGAPORE] The International Monetary Fund is now more sanguine about global growth in 2006 and 2007 than it was five months ago. But too little is being797 words
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707 2006-09-15 1 UMA SHANKARI, KALPANA RASHIWALA - By UMA SHANKARI, KALPANA RASHIWALA [SINGAPORE] The next wave of collective sales could well come from commercial properties strata-titled office buildings and shopping centres. BT understands that three office buildings in the Central Business District (CBD) could be headed for707 words
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Article134 2006-09-15 1 STI 2,518.97 (+10.94) ST INDEX FUTURES 2.520.00 (+11.00) SIMSCI 300.84 (+1.24) SIMSCI FUTURES 302.70 (+1.20) MARKETS Thursday Chang* KLSE COMP 953.82 -0.43 NIKKEI 225 15,942.39 +192.34 HANG SENG 17.183.45 -26.59 SET IN06X 701.97 >3.78 JAKARTA COMP 1.461,29 +10.21 MANILA COMP 2,406.48 +27JJ5 SEOUL COMP 1.358.75 >25.62 SHENZHEN B134 words
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Advertisement93 2006-09-15 1 fIMV WKBttim ■liiMl A> l i i'ti ■ttllfyAW ifawliMmiuiiiMl j fIHHIIIIHfIiMMIIfIHHUHHI^H |Hu I i w^ AP Keeping watch: Police officers guarding a venue of the annual meeting of the IMF and World Bank SINGAPORE 2006 Commentary: When the US slows down, look to China PAGE 3 World Bank president Paul93 words
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Advertisement9 2006-09-15 1 COMPANIES SingM: No writedown for Optus investment PAGE 109 words
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Advertisement34 2006-09-15 1 The Business Times and DBS Bank welcome IMF and World Bank delegates to Singapore 2006. 11 Complimentary copies of The Business Times are available at meeting premises and selected hotels, courtesy of DBS. ry^^s.cHQPARD34 words
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TOP STORIES
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Article, Illustration723 2006-09-15 2 KALPANA RASHIWALA - This may fuel further rises in occupancy, rents over 2-3 years By KALPANA RASHIWALA [SINGAPORE] UIC Building may be the latest ageing office block in the Central Business District (CBD) that could be headed for redevelopment. Together with a stringYEN MENG JIIN; FILE PHOTO - 723 words
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Article712 2006-09-15 2 Wolfowitz defends tougher line against corrupt regimes TAKING a harder line towards lending to countries where corruption is rife will improve the quality of the World Bank's assistance, said the bank's president yesterday. Paul Wolfowitz, who took over the helm of the World Bank Group 15 months ago,712 words
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411 2006-09-15 2 MICHELLE QUAH - By MICHELLE QUAH [SINGAPORE] The Central Provident Fund Board (CPF) and computing giant IBM have settled their mul-ti-million-dollar legal spat seen by many as one of the largest IT lawsuits here in recent history. The two sides declined yesterday to reveal the terms of411 words
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SINGAPORE 2006
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Article, Illustration906 2006-09-15 3 VIKRAM KHANNA - SUMMIT WATCH VIKRAM KHANNA Associate Editor THE US economy is on the brink of a slowdown, and when that happens, the response of China is of pivotal im-. portance for the region. That's a key message that one should read between the906 words
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754 2006-09-15 3 VIKRAM KHANNA - By VIKRAM KHANNA [SINGAPORE] Taking a harder line towards lending to countries where corruption is rife will improve the quality of the World Bank's assistance, the bank's president, Paul Wolfowitz, told BT yesterday. He defended his approach to dealing with corruption which critics754 words
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Article, Illustration546 2006-09-15 4 CHUANG PECK MING - World Bank report finds region on sound footing but it can improve further By CHUANG PECK MING [SINGAPORE] East Asian countries particularly Singapore, Hong Kong, South Korea and Malaysia are on a sounder financial footing than they were before the 1997ARTHUR LEE - 546 words
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Article, Illustration443 2006-09-15 4 UMA SHANKARI - By UMA SHANKARI [SINGAPORE] The number of "fragile" states around the world has increased sharply from 17 in 2003 to 26 this year, the World Bank said yesterday. The Bank called for more effective aid to these fragile states, which are in danger ofFILE PHOTO - 443 words
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Article5296 2006-09-15 4 UNIT TRUSTS FUNDS AB Amer income BT USD 8.61/ AB Amer Income A USO 8.58/ A8 Amer Income 8 USD 8.50 Amro Asset Mgt (S port) AB Aw Income A EUR 6.7V Star Europe Eqty! 0.9W AB Amer Income B EUR 6.7V Star Europe Bond 1.18V AB Europ Income Opp5,296 words
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Article, Illustration482 2006-09-15 6 CONRAD RAJ - AT LEISURE CONRAD RAJ Senior Correspondent JOURNALISTS and other media representatives covering the International Monetary Fund/World Bank annual meetings were treated to an evening of local culinary delights as well as plenty of booze at one of the island's hottest nightspots, The Ministry of Sound at Clarke Quay.ARTHUR LEE - 482 words
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Article, Illustration421 2006-09-15 6 NANDE KHIN - By NANDE KHIN RENOWNED economist and Nobel laureate Amartya Sen last night urged government leaders to examine well the causes and possible solutions of national problems before proceeding with policies so as to achieve a good balance between market forces and governance.YEN MENG JIIN - 421 words
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Article, Illustration196 2006-09-15 6 INTERNATIONAL Monetary Fund (IMF) managing director Rodrigo de Rato called on Prime Minister Lee Hsien Loong at the Istana yesterday. Mr de Rato briefed Mr Lee on the key issues that will be discussed during the IMF annual meetings, including the reviewAP - 196 words
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248 2006-09-15 6 WINSTON CHAI - By WINSTON CHAI WITH 16,000 of the world's financial leaders gathered here for the IMF-World Bank annual meetings, Singapore's financial technology companies are grabbing a great opportunity to market their businesses. Two government agencies—lnternational Enterprise (IE) Singapore and the Infocomm Development248 words
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396 2006-09-15 6 CONRAD TAN - By CONRAD TAN THE Singapore 2006 (*****) organising committee has issued a rebuttal to accusations by the World Bank that the Singapore government breached an agreement by blacklisting several foreign activists planning to attend its annual meeting here. The statement last night read: "The International396 words
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Article, Illustration667 2006-09-15 8 WORLD ECONOMIC REPORT Abrupt slowdown in the US housing market a key risk, says IMF Bloomberg. AFP [SINGAPORE] The Federal Reserve may need to raise interest rates again to temper US inflation at the same time as a housing slowdown threatens the country'sBloomberg.; AFP - 667 words
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469 2006-09-15 8 AP. AFP [SINGAPORE] Rising oil revenues have bolstered economic growth in the Middle East, and the outlook remains good because oil prices are expected to stay high, according to the International Monetary Fund (IMF). IMF has raised its 2007 oil price forecastAP.; AFP - 469 words
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416 2006-09-15 8 Reuters. AFP [SINGAPORE] The International Monetary Fund (IMF) said yesterday that the euro currency zone's central bank should probably hike interest rates again to head off inflation at a time of healthy economic growth. In its twice-yearly World Economic Outlook, theReuters.; AFP - 416 words
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144 2006-09-15 8 Bloomberg [SINGAPORE] Global economies must improve on trade negotiations such as the so-called Doha Round to ensure future growth, the International Monetary Fund's (IMF) chief economist Raghuram Rajan said on Wednesday. Doha Round negotiations were suspended in July after members of the World Trade OrganizationBloomberg - 144 words
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313 2006-09-15 8 Bloomberg. Reuters [SINGAPORE] Latin American and Caribbean economies will expand more quickly this year than previously forecast, fuelled by rising domestic spending and demand for commodities exports, the IMF said. Argentina and Venezuela will lead a 4.8 per cent expansion this year, the fundBloomberg.; Reuters - 313 words
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Article, Illustration1021 2006-09-15 9 WORLD ECONOMIC REPORT IMF raises growth forecast for 'most dynamic' region this year and next [SINGAPORE] Asia's emerging economies will grow faster than previously thought this year and next, driven by the booming expansion of China and India, the IMF said yesterday.BLOOMBERG - 1,021 words
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COMPANY NEWS
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Article, Illustration658 2006-09-15 10 SIOW LI SEN - Response comes after research report appears to warn of possibility By SIOW LI SEN SINGAPORE Telecommunications has responded yesterday to say it is not considering a writedown for its largest investment Optus, Australia's second largest telco, a week after a negative research report658 words
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288 2006-09-15 10 SINGAPORE Exchange Ltd (SGX) and the CIMB Group, Malaysia's second largest bank, yesterday said they will list the FTSE/Asean 40 Exchange Traded Fund (ETF) in Singapore on Thursday next week. The FTSE/Asean 40 ETF will track 40 of the biggest288 words
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639 2006-09-15 10 WONG WEI KONG - HOCK LOCK SIEW By WONG WEI KONG JUST how much the Hong Leong Group wants loss-making Thakral Corp will be put to the test if the founding Thakral family goes ahead and makes a counter offer for the company. Thakral said on Wednesday639 words
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774 2006-09-15 11 CONRAD RAJ - CEO's pay, leave encashment and spotter's fee questioned in preliminary report By CONRAD RAJ FORENSIC auditors Moore Stephens have uncovered a slew of apparent irregularities and issues of corporate governance at integra2ooo, the Sesdaq-listed human resources technology company that is at the centre of a774 words
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222 2006-09-15 11 ARTHUR SIM - By ARTHUR SIM VITA Holdings, which recently branched out into coal mining and trading in Indonesia, yesterday said it will build carpark structures in China in a bid to enter the property management business in the world's fourth largest economy. It said it222 words
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245 2006-09-15 11 OH BOON PING - By OH BOON PING NE HOLDINGS, which has completed its purchase of a 68.27 per cent stake in Nera Electronics Ltd (NEL), is making an offer for the remaining shares it does not own at 26 cents245 words
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SINGAPORE MARKETS
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Article, Illustration538 2006-09-15 12 R SIVANITHY - STOCKS Plastic mould firms, Biosensors and Wilmar benefit; Keppel and Jardine group lift ST Index R SIVANITHY Senior Correspondent Broking "buy" calls continued to play a major role in the market's affairs yesterday tech stocks operating in the plastic mould segment enjoyed aSource: Bloomberg - 538 words
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Article, Illustration979 2006-09-15 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Sep 14 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Pate Director Sell '000 Shr S COOP) COOP) Adampak 14-Sep-06 Tham Kim Par Sell 95 na ***** 9.72 ***** 9.66 Adampak 14-Sep-06 Tham979 words
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Article, Illustration964 2006-09-15 12 MATTHEW PHAN - Compiled by MATTHEW PHAN China Water Treatment UOS KAY MIAN. Sept 13 THE outlook for the water treatment sector in China is very promising but given the diversity of exposure and business models, it is necessary to take a more selective approach. With its water resource constraints andSource: Bloomberg - 964 words
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Article, Illustration524 2006-09-15 12 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent IF THERE were any doubts that carry trades still constitute an important force in currency trading, they were dealt a big blow yesterday after the New Zealand dollar exploded to sixmonth highs in Asian trading yesterday. NewsSource: Reuters - 524 words
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COMPANY NEWS
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COMPANY BRIEFS
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65 2006-09-15 13 IN REPLY to Singapore Exchange queries about the trading activity of its stock, Hitchins Group said that as announced on Aug 29, the company is in talks with a strategic investor for injection of funds in exchange for a stake in Hitchins. But to65 words
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53 2006-09-15 13 EAGLE Brand Holdings said that for the second quarter ended July 31, 2006, the company's net loss increased to 118.8 million yuan (5523.6 million), from 18.1 million yuan in the previous year. Revenue climbed 28 per cent to 168.3 million yuan, from53 words
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53 2006-09-15 13 NH CERAMICS said that its wholly owned subsidiary, Nam Huat Tiling Panelling Co, had on Sept 13 agreed to sell a freehold property at Jalan Masjid for $2.3 million. The option, granted to Zhulian Singapore Pte Ltd, will expire in three weeks from the53 words
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Article37 2006-09-15 13 MARINE supply provider Sinwa Limited yesterday said it has signed contracts worth $15 million with Shell International Trading and Shipping Company Limited, Teekay Shipping Corporation and Kristian Gerhard Jebsen Skipsrederi A/S.37 words
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Article59 2006-09-15 13 CHINA EnerSave Limited, one of the earliest entrants into the renewable energy sector in China, has announced that its share placement of 406 million new shares has been fully subscribed, raising $64.8 million for the group to pursue its growth plans in China's energy industry.59 words
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Article46 2006-09-15 13 HLN Technologies Limited, a maker of customised ultra-precision elastomeric and polymeric components, has secured a US$7 million contract. The contract value is about 78 per cent of its FYos's total revenue. Revenue from this new contract will be recognised in FY2007.46 words
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Article, Illustration437 2006-09-15 13 WEE LI-EN - INFORMATICS TRIAL Former senior V-P appears in court as prosecution's second witness By WEE LI-EN FORMER Informatics senior vice-president Lawrence Wee said in court yesterday that he was not advised that the company's revenue recognition policy in 2003 may have contravenedFILE PHOTO - 437 words
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370 2006-09-15 13 LAUREL TEO - Turnover up 63.4% due to newly acquired unit By LAUREL TEO ROLY International Holdings yesterday reported a net loss of U*****,000 for its first quarter ended July 31, against a net profit of US$l.O6 million for the corresponding period last year. This marks370 words
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488 2006-09-15 13 But it expects full-year loss on inventory write-off Reuters MAGNECOMP International Ltd, which makes parts for computer hard disk drives, expects to return to profit in the fourth quarter thanks to strong disk drive shipments and demand for components for cars and LCDReuters - 488 words
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244 2006-09-15 13 Bloomberg SEMBCORP Industries Ltd, the world's second-largest oil-rig builder, signed an initial agreement to develop a water-treatment project in Tianjin as China adds 16 million new urban water consumers a year. The project is in a chemical industry park in the Binhai districtBloomberg - 244 words
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SINGAPORE NEWS
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321 2006-09-15 14 LESLIE YEE - Multilateral trade liberalisation best policy for Asia By LESLIE YEE WORLD trade talks need to be revived urgently, even though countries in Asia are deepening their economic integration through free trade agreements that will liberalise certain services and eliminate tariffs for final321 words
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377 2006-09-15 14 LESLIE YEE - By LESLIE YEE SINGAPORE businesses should make the effort to find out more about business opportunities in the Gulf Cooperation Council (GCC) countries and seize the many opportunities available, R Seetharaman, deputy chief executive of Qatar's Doha Bank, said here yesterday. With booming economies in377 words
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Article, Illustration538 2006-09-15 14 SIOW LI SEN - DBS is arranger for Asia's first such US$10b plan under single framework By SIOW LI SEN THE Asian Development Bank (ADB) yesterday launched Asia's first multicurrency bond programme under a single unified framework governed by English law, an initiative bankers hope will pave the way forFILE PHOTO - 538 words
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SINGAPORE ROUNDUP
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Article62 2006-09-15 14 THE Institute of Microelectronics yesterday announced that it has signed a number of research agreements with Fujikura Ltd, Mitsui Chemicals and Seiko Instruments. The tie-up with Fujikura and Mitsui involves the development of a type of photonic crystal device and optoelectronics respectively. The partnership with Seiko will62 words
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Article64 2006-09-15 14 MAYBANK has released a new home loan package that lets customers choose a monthly instalment of between 0.1 per cent and one per cent of property value. In the first five years, customers can change the percentage they want to repay. Another scheme gives a 364 words
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Article51 2006-09-15 14 THE Ascott Group, the serviced residence arm of Capita Land Ltd, has been voted the "Best Serviced Residence Brand" in Asia Pacific by readers of Business Traveller Asia-Pacific Magazine. Ascott Singapore was voted "Best Serviced Residence in Asia Pacific". The awards event was held in Hong Kong51 words
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68 2006-09-15 14 EXXONMOBIL has increased its upfront diesel discount at all of its 74 Esso and Mobil stations in Singapore. Smiles Card members will get a 25 per cent discount, up from 13 per cent. Non-members will get a 21 per cent discount. Members of Esso MasterCard, Esso68 words
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Article39 2006-09-15 14 A RECORD 26,124 votes have been received for this year's Spirit of Enterprise Awards, organised by a private sector non-profit organisation. The polls close today. There are 200 nominees to choose from its website www.soe.org.sg.39 words
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Article45 2006-09-15 14 MINISTER for Manpower and Second Minister for Defence Ng Eng Hen will be in New York today and tomorrow for the UN High Level Dialogue on International Migration and Development. He will present a statement on Singapore's migrant experience.45 words
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412 2006-09-15 14 RONNIE LIM - OIL AND GAS JTC calls tender to pre-qualify contractors Reports by RONNIE LIM PREPARATORY work for the Ssl billion underground oil storage project on Jurong Island is now in full swing, with JTC Corp calling a tender to pre-qual-ify contractors for the rock cavern's412 words
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392 2006-09-15 14 SINGAPORE refiners are cutting crude runs again this quarter, just as they did in Q1 which was their first cut in two years as refining margins have been eroded by oversupply and weak regional demand for oil products. ExxonMobil, which operates the392 words
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Advertisement327 2006-09-15 14 7000 2007 Ranking f 'II 111 ■JfP national ranking of the l° r 9 est most P ro fi ta bl e Jyjjjik INVITATION FOR SUBMISSION OF AUDITED FINANCIALS FOR ANNUAL CORPORATE RANKINGS 2007 Ranking Period (financial year ending): 1 June 2005 31 May 2006 Closing Date for Submissions: 30327 words
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AVIATION
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Article, Illustration603 2006-09-15 15 VEN SREENIVASAN - Seamless links to other destinations in Australia also on the cards By VEN SREENIVASAN [SINGAPORE] Travellers from Singapore will soon be able fly to Darwin and then on to Cairns in Australia for a fraction of the price they currently pay for aJETSTAR ASIA - 603 words
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Article, Illustration657 2006-09-15 15 Carbon dioxide from aircraft makes up just 2% of total emissions [SINGAPORE] The emissions of carbon dioxide by aircraft represent only 2 per cent of the total amount of man-made emissions, according to recent studies. This has come about despite a booming air transport industryAFP - 657 words
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722 2006-09-15 15 VEN SREENIVASAN - Airline says it's sticking with plans to get first jet in Dec By VEN SREENIVASAN [SINGAPORE] Singapore Airlines (SIA) may not get its new Airbus A3BO jumbo jet in December after all, if the reported third round of delivery delays is announced722 words
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Article2092 2006-09-15 15 CITY RJSNT ETA FLIGHT ETD SQ143 1S35 SQ146 1640 GA840 1640 GA841 17S5 AhaPMW SQ4?? 113? XWS 13P0 MM LH9771 1750 AF8088 2215 h kl £§§i SO230 1750 BA7382 2215 Dohl Q* 638 1345 QW39 J745 AF8087 1850 QFB2 2215 Oatoi MS9493 0735 EK405 0210 BA73812,092 words
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SHIPPING
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Article, Illustration666 2006-09-15 16 DONALD URQUHART - Shipping body calls for creation of new mechanism to deal with such situations By DONALD URQUHART [SINGAPORE] Members of Singapore's shipping fraternity along with the maritime regulator sought to "clear the air" recently over a bunker alert issued by a666 words
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352 2006-09-15 16 Bloomberg [NEW DELHI] India aims to double the capacity of its 199 ports in the next six years as rising trade and economic growth strain existing facilities. The country will increase the capacity of its ports to 1.5 billion tons byBloomberg - 352 words
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196 2006-09-15 16 AP [WELLINGTON] A big cruise ship due to sail Antarctic waters next January will change the face of tourism in one of the world's great wilderness areas, a New Zealand polar academic said. The Golden Princess, due to make a three-week voyage through theAP - 196 words
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455 2006-09-15 16 It is spending US$84m to make ship parts, build vessels in China Bloomberg [SEOULI STX Shipbuilding Co, South Korea's seventhlargest shipbuilder, plans to spend a total of US$B4 million with two affiliates to set up separate ventures that will make ship parts andBloomberg - 455 words
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885 2006-09-15 16 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR AN ITALIAN seller of electrical hairdryers has been held responsible for the short delivery of cargo to an Australian company on the basis that the container had not been properly sealed before it left the port of885 words
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MALAYSIA/INDONESIA
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Article, Illustration615 2006-09-15 17 PAULINE NG - Jump in costs blamed on climbing fuel prices, higher interest rates By PAULINE NG in Kuala Lumpur THE big jump in the cost of living in Malaysia, due largely to rising fuel prices and higher interest rates, is dampening consumerAFP - 615 words
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193 2006-09-15 17 Reuters [KUALA LUMPUR] Malaysia has set up a Cabinet panel to fast-track approval for important projects after complaints of red-tape and delays from foreign investors. The panel, including the trade-and-industry and finance ministers, can meet weekly if needed and make decisions "on theReuters - 193 words
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371 2006-09-15 17 Scomi's CEO says it has been given 'a clean bill of health' AP. Reuters [KUALA LUMPUR] Malaysian oil services firm Scomi Group Bhd which received high-tech measuring devices from a Japanese manufacturer that could be used to build nuclear weapons has been clearedAP.; Reuters - 371 words
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Article240 2006-09-15 17 Reuters [JAKAßTA] The Indonesian government may postpone a planned offering of its remaining shares in the country's No 6 lender, PT Bank Internasional Indonesia (BII). to next year, the head of a state restructuring agency was quoted as saying by a newspaper yesterday. TheReuters - 240 words
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INDIA
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Article, Illustration551 2006-09-15 18/19 Deal to be inked today for joint operations in areas like loans Reuters IMUMBAI] Three Indian state-run banks are set to form a strategic alliance today to meet growing competition, in a step analysts say could be the first towards consolidation in theReuters; BLOOMBERG - 551 words
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402 2006-09-15 18/19 Entities registered overseas will be treated as Flls Economic Times IMUMBAII The Securities and Exchange Board of India (Sebi) has widened the scope of international entities that can invest in the stock market as registered foreign institutional investors. Previously, some of these entitiesEconomic Times - 402 words
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238 2006-09-15 18/19 Bloomberg IBANGALORE] Tata Consultancy Services Ltd (TCS), India's largest computer-services provider, said it aims to generate US$5O million in revenue from its Chinese operations in the next 18 months. The Mumbai-based company, which operates a whol-ly-owned unit in China, is awaiting a commercialBloomberg - 238 words
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GREATER CHINA
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Article, Illustration482 2006-09-15 18/19 JANE MOIR - CLSA sees another spurt in Asean economies due to China spillover By JANE MOIR in Hong Kong ASEAN finance ministers gathering in Hong Kong this week have urged member states to put more effort into reaping the benefits of China and India's rapid482 words
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304 2006-09-15 18/19 Launch planned by year-end or early 2007 in Shanghai Reuters IXIANGHE, China! China is eager to develop its capital markets by launching domestic stock index futures, the country's top securities regulator said yesterday. "We hope that by the end of this year orReuters - 304 words
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Article378 2006-09-15 18/19 AFP. Bloomberg [SHANGHAI] China said yesterday that it had suspended approvals for new domestic and for-eign-invested security brokerages a blow to overseas firms looking to get in on the booming Chinese markets. The securities regulator said it would also suspend expansion of domestic brokerages and would notAFP.; Bloomberg - 378 words
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210 2006-09-15 18/19 Reuters. Xinhua (XIANGHE, China] Industrial and Commercial Bank of China (ICBC) could be the first Chinese firm to make use of a greenshoe option in a mainland initial public offering, the country's top securities regulator said here yesterday. Regulators are revising China's rules governingReuters.; Xinhua - 210 words
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Page 18/19 Advertisements
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Advertisement136 2006-09-15 18/19 «BBHL^u < *fr& „*•-'£«4&K > Bi>,|^' IB .^v!v I 1 Km IHk. 11 I I t HI I I Hiff llli *sl«^ JS^^seSkj" > A-t< 3Mffl*&>■ 1 1 HImwhI I 1 HHHHK'A 1 HIHi 51 k I I I HlffllllKH 11 mhz- liii^ j! v vt -"i »•*•.**> B 1136 words
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ASIA-PACIFIC/WORLD
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389 2006-09-15 20 HABIB SHAIKH - Funds are needed for various projects to be implemented in next 15 years By HABIB SHAIKH in Jeddah SAUDI Arabia is seeking foreign investment totalling nearly US$l trillion to carry out a large number of projects in various sectors. The projects, to be implemented within389 words
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Article2288 2006-09-15 20 vol General Corp 0.58 0.01 21 Sep 14 RM r000) Gerrtinq 24.40 0.20 1016 George Kent .0.50 -0.02 34 ASM Realty 1.42 -0.01 2 GHL Systems .0.24 -0.01 741 Abric .0.31 -0.01 114 Globetronics Tech 0.30 -0.01 921 ACP Industries .0.92 0.08 656 Glomac Bhd 1.05 unch 262,288 words
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332 2006-09-15 20 LATEST US DATA Bloomberg. Reuters [WASHINGTON] Inventories at US businesses rose in July, matching an increase in sales, suggesting companies kept stocking up in anticipation of strong demand, a government report yesterday showed. The 0.6 per cent increase in the value of unsoldBloomberg.; Reuters - 332 words
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Article, Illustration470 2006-09-15 20 OH BOON PING - 85.7% of them reported profits on their investments By OH BOON PING [SINGAPORE] Latin America is proving to be a profitable market for local firms, with 85.7 per cent of the Singapore-based businesses there reporting profits on their investments in the last financialYEN MENG JIIN - 470 words
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Article, Illustration380 2006-09-15 20 Reuters [MOSCOW] A top Russian central banker who fought to clean up Russia's murky banking system died early yesterday from gunshot wounds after being ambushed by assassins in what police said was a contract "hit". The killing of Andrei Kozlov, 41, aReuters - 380 words
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WORLD WATCH
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58 2006-09-15 20 Reuters [CANBERRA] Australia's conservative government introduced laws into Parliament yesterday to free up media ownership. Communications Minister Helen Coonan introduced the media ownership bills into the upper House Senate, where the laws face an uncertain future with two government lawmakers withholding their support due toReuters - 58 words
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63 2006-09-15 20 Bloomberg [LONDON] The UK's Standard Chartered pic plans to expand Islamic financial services in Pakistan to tap the world's second-biggest Muslim population. The lender, which paid US$4B7 million in cash to buy Union Bank Ltd of Pakistan last month, will consider opening a subsidiary devotedBloomberg - 63 words
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46 2006-09-15 20 AP [SAN JOSE] California's attorney general could file criminal charges within a week in the boardroom spying scandal at Hewlett-Packard Co, a spokesman said, and experts say the company's top brass and third-party detectives are all possible targets. —APAP - 46 words
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60 2006-09-15 20 Bloomberg [TOKYO] Livedoor Co founder Takafumi Horie, on trial for alleged securities violations, directed efforts to falsify the Internet company's financial information, former executive Ryoji Miyauchi said. Horie, who waged a hostile takeover battle with Japan's largest broadcaster, pleaded not guilty on Sept 4 to chargesBloomberg - 60 words
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337 2006-09-15 20 AP. Reuters. Bloomberg [BANGKOK] Thai Prime Minister Thaksin Shinawatra said during an interview broadcast yesterday that he is tired and thinking of stepping aside after a general election expected by yearend. "Sometimes I wonder if it is better for me not toAP.; Reuters.; Bloomberg - 337 words
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EDITORIAL & OPINION
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504 2006-09-15 21 EDITORIAL ON the eve of one of the most important international meetings Singapore has hosted to date, the story that seemed to move the global media most was the deporting of two animal rights activists planning a nude protest. This must surely have rankled504 words
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Article, Illustration1132 2006-09-15 21 MICHAEL HEISE - Stagnating wages compensated for rising oil prices to avoid negative effects on production By MICHAEL HEISE THE world economy has performed strongly in recent quarters, defying sky-high oil prices and the ongoing removal of monetary accommodation in the major countries. While the USAFP - 1,132 words
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Article, Illustration789 2006-09-15 21 YOGI AGGARWAL - THE BOTTOM LINE YOGI AGGARWAL ONE of the advantages India is said to enjoy over other countries such as China is its young labour force. The average age in India is lower than in China and certainly much lower than in Japan or Europe.789 words
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Article, Illustration1562 2006-09-15 22 MARK LANDLER, MARTIN FACKLER - Auto exec Carlos Ghosn might be spreading himself too thin if he brings General Motors into the Renault-Nissan fold By MARK LANDLER, MARTIN FACKLER NYT FOR an executive who runs two giant car makers, in France and Japan, and is trying to extend his influenceNYT; AFP - 1,562 words
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266 2006-09-15 22 Peter Heng - LETTERS TO THE EDITOR Peter Heng Director Corporate Communications SingTel I REFER to the letter by Denis Distant, "Sing Tel should state the facts" (BT, Sept 14). In line with the Singapore Financial Reporting Standards, Sing Tel has ceased amortisation of goodwill on acquisition266 words
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Article175 2006-09-15 22 Lim Bee Khim - Lim Bee Khim Acting director Corporate Communications Ministry of Trade and Industry WE refer to Sonny Yuen Chee Choong's letter calling for the formation of an Energy Ministry in Singapore (BT, Sept 12). We would like to assure Mr Yuen that the inter-min-istry Energy Policy Group (EPG)175 words
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Page 22 Advertisements
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Advertisement807 2006-09-15 22 FOBM AOIII THE HMH COURT OF oyjj) repubuC Of SINGAPORE NOTICE OF INTENDED PREFERENTIAL PAYMENT AND MMo HiolMM/N INTENDED DIVIDENDS TO UNSECURED CREDITORS Name of Company Civil Geo Pte Ltd (In Liquidation) And In to Matter of Co. Reg. No. *****1840E TOE NEWSROOM BAR PTE LTD Address of Registered Office807 words
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Advertisement95 2006-09-15 22 INVITATION TO OFFER 1997 HAWKER 800XP Serial *****8 Owned and operated by the Queensland Government since new. Current time 4173.7 hrs 3133 landings U557,850,000* (plus Goods and Services Tax if applicable) For information, specifications, terms and conditions of the Invitation to Offer contact Frank Lautenbach, Phone: (07) 3698 9500 or95 words
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Advertisement78 2006-09-15 22 WE I WELCOME ALL DELEGATES FOR THE IMF I AND 1 WB MEETINGS I V o I We offer f 30% off on ail our stocks of Finest Oriental Carpets with door to door shipping fi service worldwide Free Limo service will be provided for appointments I CD I Contact:78 words
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Article10120 2006-09-15 23 SGX MAINBOARD Transaction date: Sep 14 52-Wk T«l Last Vol Day Last Quote Mv GrYW Nat MCap High Law Coda Company SaU (-000) Hi» low »yyar Ma Cvr Wt Smfi 4 1 5716 1st Software 2.5 unch 403 2.5 2.5 2.5 3 10.1 11.5 6 3148 STelecom 7.510,120 words
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Article5959 2006-09-15 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local cwt In $i In USS dy yr dy yr dy Xyt S«p II lnd«j» Chtnq* Chanp« Oi»nfl« Q»nfl« Chi>g« Ch»nq» World inden Preliminary 101*7 02 47 02 19 0.2 75 £Af€ Preliminary 1017-8 03 AS 02 02 103 turope Preliminary 1374.25,959 words
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Page 25 Advertisements
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Advertisement1067 2006-09-15 25 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL STX PO TBN CAM/NFK/NOl/SAV Lead, Singapore, E./W. Molcpia, Umo lood. E./W. Malaria, InWio MIPOLE-EAST SERVICE UAIX SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT ADDU STAR JDH/AQA Loads Singapore,1,067 words
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Advertisement619 2006-09-15 25 DONGNAMA LINE l L imm m COMTAINIWBEP >WV»CI Vissa (EVERY SAT) VOY SGP I HKG (WT TERMINAL) KMTC JAKARTA till 23/09 27/09 YMMUMRAM 14E >0/091 04/10 VISSa (EVBY SUN) VOY SOT HKG KOTA HARTA HTA444 17/09 21/09 KOTAHAOIAH HU243 24/09 1 2S/09 VESSa (EVERY SUN) VOY SGP HKGWm TXY YOK619 words
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Advertisement524 2006-09-15 25 fresa/voY J' g/mpgnj T hbghtw hb wj L 3 sw jkt ORCHID EXHtESS 76 50 4.5 21/0* STUITSVBmW 11/04 15 II IS/0* l»/0* 27/0* 30/0* 01/10 |smrcvßnuttn/04 15 12 04/10 07/10 I I [AiwrmaiMHiwoftwci VBSa/VOT I KAWfgT) IHBGWTW IP SW 1 Ml STD MB AK Htt JKT SM IP FBU/035524 words
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Page 26 Advertisements
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Advertisement1395 2006-09-15 26 WAN HAI INTERNATIONAL PTE LID at no i **********/k V\m\ WAN HAI LINES Y llAllftll llnl fill 1H: |03) *****000 MX: (03) *****20S KM 1H: fl>4) *****00 FAX: (04)2294(94 V JOHIH: 07) *****23 FAX: (07)*****21 SUI IB: (031) *****75 FAX: (031) *****14/*****05 www wanhai com ta OCT TIL 1021)*****00RUL*21)*****11 rui1,395 words
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Advertisement1030 2006-09-15 26 EASTERN CAR LINER, LTD SPECIALIZE IN ROUP HEAVY UFT UPTO 450 TONS [■nu-*susavig vot I sm m mm rmw) rm jkt I sii liolmm I ib Iwoww LUWAA2UL 73 35 10 15/01 16/01 17/01 22/W 24/W AMHHAMTO 2 50 It/01 11/01 20/01 24/01 27/W BKILiiAW PtSCADORES _Jj 60 11/W 20/W1,030 words
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Advertisement841 2006-09-15 26 m a<sas& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VKStI VOT SW PJOANG COtOWO UStCVA COUNMO HOWUH HtIDGE 00S5W 12 Sg 13 Sg 16 Sg USEP 23 Sg HOTAPBWIU YPWMI IYSg 20 SEP 23 StP 26 SEf 30 SEP INDfU GANDHI OIO7W 26 SEP841 words
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Advertisement567 2006-09-15 27 ONordana (Asia) Pte Ltd 70 Stiwlon Way, ♦21-03 Marino How Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VESSEL VOY Shoapon Fn—rie Cotos triad Qrisfros Iriowl PaskGwlow htandiMTtt ~_IMZ I I 125 m im x Spam m X Qifijl lAita LZJto567 words
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Advertisement171 2006-09-15 27 S?"7GENIKI LINES GENIKIf As Agents: CROSSEAST SHIPPING PTE LTD operator code GK CR NO: 778 3202 0000 M Tel: 6327 1788 Fax: 6327 1588 •-mad: booklng®cross«ast.coni.se WEBSITE: www.geniki.com.my KUCHING 5 DAYS SAILING SHUTTLE SERVICE MING Rl MROI4E 16/09 18/09 MINGRI MROI6E 21/09 23/09 MINGRI MROIBE 26/09 28/09 \womm ENG lii171 words
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Advertisement457 2006-09-15 27 CONVEHTIONAL SERVICE ETA SIN LOADING FOR 26 SEP CHENNAI 18 SEP MALE, COLOMBO 26 SEP DUBAI, DAMMAM 03 OCT CHENNAI, BOMBAY fij GLORY NAVIGATION GROUpI I SINa 1970 I OWNS A OPERATES THE YOUNGEST FLEET I WITH FOURTEEN 7,000 DWT TWEEN DECKERS COVERING THE ENTIRE ASIA PACIFIC PORTS 1 REGULAR457 words
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THE BUSINESS TIMES SHIPPING TIMES
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6228 2006-09-15 28 This HA ETA AdvartMr VmmI Voyage Telephone ETA ETA Advartbar Vasal Voyage Telephone I SM DwTr SSXawsa mmm mSmSm S,N Number j 29/09 16/10 Eukor/MUR VTC STAR (MO *****552 To ABIDJAN (ABJ) 2003 Cote D'lvoire 05/10 26/10 China Shpg MERIAN 033A *****896 25/09 09/116,228 words
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HEALTH
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Article, Illustration1043 2006-09-15 29 TAN SU YEN - Early disease detection followed by aggressive management of risk factors that is the basis of a new approach to managing coronary artery disease. TAN SU YEN reports TAN SU YEN MOST of us have some inkling of the statistics. It really doesn't surprise us that coronary arteryYEN MENG JIIN - 1,043 words
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Article, Illustration1058 2006-09-15 29 TAN SU YEN - Reversing the damage from a stroke or an arterial blockage is an uphill battle. That's why it pays to look out for early warning signs, reports TAN SU YEN TAN SU YEN STROKES don't just happen without warning. A numbness or weakness on one side of the body,ARTHUR LEE - 1,058 words
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Page 29 Advertisements
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Advertisement144 2006-09-15 29 I "J H 0 l B I 4 ■I aesthetics age management assisted reproduction cardiology colorectal surgery Hr cosmetic Implant dentistry day surgery dermatology diagnostic radiology mk' surgery hand, wrist microsurgery health screening neurology W HI nursing rehabilitative care obstetrics gynaecology ophthalmology (eye surgery) tW orthopaedics otolaryngology (ear, nose throat144 words
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Advertisement13 2006-09-15 29 PACIFIC HEALTHCARE HOLDINGS A fortnightly series brought to you by Pacific Healthcare Holdings13 words
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executive lifestyle
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Article, Illustration1706 2006-09-15 30 GEOFFREY EU - GEOFFREY EU checks out the Singapore Pavilion at the Venice Biennale and finds out how S'pore architecture stacks up against the world GEOFFREY EU THERE was glamour to burn in Venice last week, with an impressive selection of mega yachts docked alongside the city's main drag, A-list1,706 words
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Page 30 Advertisements
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Advertisement107 2006-09-15 30 ZZ~ I jhH M re I Singapore's most stylish and beautiful Sunday Brunch just yj I keeps getting better. Discover why It's the only place to be <* brunch «.and discover alfresco adventures and buffet I^'that-goes-beyond, set-to a soundtrack of smooth live Jazz, pj H Taste the glamour, the effervescence107 words
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Advertisement8 2006-09-15 30 MHHT p9HH Buyers snap up ■H||h Dali works8 words
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WINE
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994 2006-09-15 31 N K YONG - By N K YONG MIND over matter —pre-conception exerts a powerful influence on one's judgment. Nowhere is this more evident or more pervasive than in wine tasting. Say someone hands you a glass and tell you it is Chateau Lafite 1982.994 words
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626 2006-09-15 31 jaime ee - off the cuff jaime ee I HAD a little adventure the other day that I would like to share. It's called "How I broke out of Fortress Suntec and helped a protester do his, well, protest thing": So here I am,626 words
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Page 31 Advertisements
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Advertisement129 2006-09-15 31 i "Roman Bratasiuk (owner winemakeit of Clarendon Hills) is one of the Planet s I greatest winemakers.i" (Robert Parker m m Clarendon Hills Astralis 2001 m m m m 98-100 points (Robert Parker) m ik Clarendon 11 ills Astralis 2002 m m m 98-100 points (Robert Parker) M M Clarendon129 words
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CINEMA
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Article, Illustration230 2006-09-15 32 PARVATHI NAYAR - DVD By PARVATHI NAYAR FIND Me Guilty is based on a true story the longest trial in American history that went on for 21 months, involving New Jersey's Lucchese crime family. Legal proceedings in Guilty resemble a circus with 20 defendants who come armed230 words
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Article, Illustration555 2006-09-15 32 PARVATHI NAYAR - Feng Xiaogang's The Banquet makes references to Hamlet in clever ways, writes PARVATHI NAYAR PARVATHI NAYAR THE most interesting interpretations of Shakespeare in recent times seem to be the least traditional ones. When adapted to different geographical settings/time periods, the Bard's stories come startlingly alive555 words
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Article, Illustration440 2006-09-15 32 PARVATHI NAYAR - By PARVATHI NAYAR THAT girls are a girl's best friend is a theme explored by serials such as Desperate Housewives and Sex and the City. What's different with Friends with Money is that director Nicole Holofcener's take on the idea is honest, compassionate and funny440 words
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Page 32 Advertisements
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Advertisement758 2006-09-15 32 ot& cPa/net* <SeovU^ The Original Ballet Gifts Novelties Store for your Precious Ones VISIT US AT 402 ORCHARD ROAD, LEVEL 1 UNIT 08 DELFI ORCHARD SHOPPING SINGAPORE *****6, TEL:6S 6734 2820 Opening Hours: Mon to Sat HOOhrs to 1900hrs www.ballerina-latida.com Revolution Of Evolution T *£-/> TLiKt \/fonv7 Thai's Chilling Out!758 words
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ARTS
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Article, Illustration615 2006-09-15 33 CHEAH UI-HOON - MUSICAL By CHEAH UI-HOON AS with all productions, the test of a classic .show is whether it bears repeat viewing. Even though the Singapore Repertory Theatre's Forbidden City: Portrait of an Empress first premiered four years ago, and jwas presented again in 2003, it's615 words
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Article, Illustration830 2006-09-15 33 PARVATHI NAYAR - ART His pieces are a great investment as he's undervalued, reports PARVATHI NAYAR PARVATHI NAYAR if 1 ALI is a great investment, beA cause he is an artist who is 1 still undervalued on the marM ket," says Gilles Dyan, owner ftof the Opera Gallery830 words
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Article, Illustration633 2006-09-15 33 PARVATHI NAYAR - By PARVATHI NAYAR "IN the world of education, you definitely need to take the mountain to Mohammed today." says James McCalman, managing director of Sotheby's Institute of Art, based in London. He was explaining the rationale behind the institute opening its first Asian centre in633 words
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Page 33 Advertisements
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Page 33 Miscellaneous
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Miscellaneous362 2006-09-15 33 CRYPTIC CROSSWORD 5 The charm of a piano accompa- -—IHV HH 8 A king with energy in call for drastic change (5-3) 9 Long-distance travellers needing time in aircraft (7) 10 Issue one penny with English Queen on it (5) H l w I 11 Untainted and of a certain362 words
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BOOKS
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Article, Illustration587 2006-09-15 34 UMA SHANKARI - Politicians, journalists and well-known writers are now jumping on the anti-globalisation bandwagon, writes UMA SHANKARI UMA SHANKARI GLOBALISATION: Always a buzzword, but never more so than this week, with the International Monetary Fund (IMF), and World Bank meetings now on in Singapore. And what with587 words
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Article, Illustration322 2006-09-15 34 Uma Shankari - By Uma Shankari 'Making Globalization Work* by Joseph E Stiglitz W W Norton ft Company Inc (New York) $38 (hardcover) FEW academics can say that their works have contributed significantly to their fields of study. But 2001 Economics Nobel Prize winner Joseph E Stiglitz is one person322 words
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Article385 2006-09-15 34 A fortnightly listing of the latest books available in S'pore NON-FICTION The Life and Times of the Thunderbolt Kid by Bill Bryson ($42) Bryson releases a memoir of himself as a child growing up in America in the *****. SQ2I Singapore Queers in the 21st Century by Ng385 words
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Page 34 Advertisements
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Advertisement93 2006-09-15 34 More than 250 years of uninterrupted history y jfs I j f iW\ U I If —^L\ Y^v/'SpJft^^^^BKS^rliß AfiiH a|^%^^HU^HHpMMni MALTE DUAL TIME M^^^mmmm Selfwinding Date calendar powerreserve indicator. Cube-patterned engine- I9H dial. White or *i* VACHERON CONSTANTIN Manufacture Horlogere. Geneve, depuis 1755. Vacheron Constantin Boutiques Singapore: Ngee Ann City93 words
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