The Business Times, 16 September 2006

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Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES ANNIVERSARY 5> A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 099/03/2006 SINGAPORE 85 cents online at http;//business-times asial.com.sg September 16-17, 2006
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  • Article
    Lock icon S'pore gets top marks from World Bank
    645 1  -  It scored close to 100% in government effectiveness and regulatory quality By OH BOON PING, CONRAD TAN [SINGAPORE] The World Bank yesterday gave Singapore continuing good marks for the way it is governed, with the republic probably still among the world's top 10
    645 words
  • Article
    Lock icon MARKETS DIGEST
    133 1 STI 2,521.91 (+2.94) ST INDEX FUTURES 2,522.00 (+2.00) SIMSCI ***** (+0.64) SIMSa FUTURES ***** (-0.30) PRIME RATES SINGAPORE 533 MALAYSIA.... 6.76 HONGKONG 8.00 INDONESIA 16.778 TAIWAN 6.728 JAPAN 1.625 KOREA 9.33 BRITAIN 4.75 US 8.25 CANADA 6.00 SWITZERLAND 3.36 INDIA 11.00 Source: Bloomberg FOREX us$ s$ USS(SSptfUS$) 1.581
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  • Article, Illustration
    Lock icon Wine and dine under the stars in Tanglin Village
    664 1  -  By RUCHIKA TULSHYAN, DANIEL BUENAS [SINGAPORE] The Dempsey Road area now known as Tanglin Village may soon be the latest place for chic winers and diners, with a $6 million, 110,000 square-foot alfresco dining extravaganza slated to open there in November.
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  • Article, Illustration
    Lock icon Ex-minister Yeo Cheow Tong joins Lippo as adviser
    444 1  -  By KALPANA RASHIWALA [SINGAPORE] Former transport minister Yeo Cheow Tong joined Lippo Group as an adviser a couple of weeks ago. "It's not an executive position. As an adviser, he'll be giving us the benefit of his wisdom and experience," Lippo Group
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      529 2 Be ready for tougher conditions: IMF WHILE the global economy is strong and in good shape, policy makers still need to be prepared to deal with more difficult economic conditions, International Monetary Fund managing director Rodrigo de Rato said yesterday. He also warned that global imbalances in trade
      529 words
    • Article
      Lock icon New jobs created in first six months hit record high
      918 2  -  Economists expect prospects for job market to be moderate By NANDE KHIN [SINGAPORE] Some 36,400 jobs were created in Singapore from April to June this year, bringing the total number of new jobs in the first half to a record
      918 words
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      176 3 ORCHARD iSCOTTS URBAN ARTFORM En^idSl^Bi Wrffi'wßF^ KMga#loM^S x •«wiwp* y M J" A MASTERPIECE BY p, ORCHARD iSCOTTS FAR EAST ORGANIZATION SHERATON TOWERS EOfl v ys; iritu AND ARQUITECTONICA (USA) o I GOODWOOD PARK HOTEL 2 FAR EAST PLAZA Spoken in the same breath as New York's sth Avenue and
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  • SINGAPORE 2006
    • Article, Illustration
      Lock icon Lessons in fighting corruption
      714 4  -  SUMMIT WATCH VIKRAM KHANNA Associate Editor JUST about everyone everywhere, from Cabinet ministers to businessmen to taxi drivers, would agree that corruption is a terrible scourge in any society. But how does a multilateral lender deal with the problem? It's not easy, and there may be
      714 words
    • Article, Illustration
      Lock icon Be ready for tougher conditions amid strong world economy: IMF
      725 4  -  De Rato says no easy fix for trade imbalances By WONG WEI KONG [SINGAPORE] While the global economy is strong and in goud shape, policy makers still need to be prepared to deal with more difficult economic conditions, International Monetary
      ARTHUR LEE  -  725 words
    • Article
      Lock icon Emerging markets could clinch US$260b of equity
      539 4  -  IIF warns govts they need to persist with sound policies By JEAN CHUA [SINGAPORE] Thanks to their improving economies, emerging markets will reap a record US$26O billion of private equity inflows this year, says the Institute of International Finance (IIF), the global group
      539 words
    • Article, Illustration
      Lock icon World Bank steps back into infrastructure lending
      559 4  -  By ANNA TEO [SINGAPORE} The World Bank is getting back into infrastructure lending and needs more resources, its president Paul Wolfowitz said yesterday, urging donor countries to step up their pledges. He said at a news conference that infrastructure investment in a priority
      ARTHUR LEE  -  559 words
    • Article, Illustration
      Lock icon US$ rout unlikely after G- 7 statement
      553 5  -  G-7 MEETING LARRY WEE Senior Correspondent Most currency players do not expect the US dollar to suffer any pronounced fall next week based on what G-7 finance ministers say after their meeting in Singapore today. It may even rise further versus the low-yielding
      553 words
    • Article, Illustration
      Lock icon G-7 to discuss world economy, IMF reform
      508 5 AP. Bloomberg [TOKYO] Japanese Finance Minister Sadakaztr Taftigaki said yesterday that finance leaders of the Group of Seven (G-7) leading industrialised nations will discuss the global economy and the reform of the International Monetary Fund (IMF) at their weekend meeting in Singapore. "The
      AP.; Bloomberg; REUTERS  -  508 words
    • Article
      Lock icon G-7 meets as US housing slump pressures global growth
      884 5 Call expected for more flexible Chinese and other Asian currencies Bloomberg [SINGAPORE] Finance ministers and central bankers from the Group of Seven nations gathered in Singapore yesterday with a US housing slump clouding their outlook for world economic growth. Sales of
      Bloomberg  -  884 words
    • Article, Illustration
      Lock icon China may be pulled up for costly loans to poor nations
      400 5 Beijing moving in after rich nations forgave their debt, says report AFP [BEIJING] The Group of Seven nations will use a meeting this weekend in Singapore to criticise China for extending high-priced loans to poor countries in Africa and
      AFP  -  400 words
    • Article, Illustration
      Lock icon No networking problems here
      525 6  -  AT LEISURE CONRAD RAJ Senior Correspondent FUNCTIONS organised by the various financial institutions over the next few days in conjunction with the meetings of the boards of governors of the World Bank and International Monetary Fund provide plenty of opportunities for networking. Last night's event organised
      ARTHUR LEE  -  525 words
    • Article
      Lock icon Singapore to allow in 22 of 27 blacklisted activists
      464 6  -  By CONRADTAN SINGAPORE is to allow the entry of 22 of 27 accredited activists it had earlier asked to stay away. The blacklisting had drawn sharp criticism from the chiefs of the World Bank and International Monetary Fund. "The ***** organising
      464 words
    • Article, Illustration
      Lock icon Try a 'Bank Breaker' and lots more
      789 6 Bloomberg NICK Leeson's old watering hole in Singapore, Harry's Bar, is one of dozens of restaurants and drinking venues enjoying a windfall as the city hosts the annual meetings of the International Monetary Fund and World Bank. Leeson, whose derivative even has a
      Bloomberg; FILE PHOTO  -  789 words
    • Article, Illustration
      Lock icon Our system works, with the right people: MM
      564 7  -  RAFFLES FORUM Opposition govt would ruin S'pore since they aren't up to scratch, he says By CHUANG PECK MING SINGAPORE has got its system of government right and all it needs is to get the right people to run it, according to
      YEN MENG JIIN  -  564 words
    • Article
      Lock icon Abu Dhabi, S'pore as regional gateways;
      365 7  -  By DANIEL BUENAS ABU Dhabi, which part of the United Arab Emirates, has a "huge interest" in building its investment relationship with Singapore, and the two countries could serve as gateways to their respective regions, the executive director of the Abu Dhabi Investment Authority
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    • Article, Illustration
      Lock icon Globalisation constrains national monetary policy
      675 7  -  Countries can't inflate so easily, says Volcker By LESLIE YEE WITH the rise of globalisation and the increase in financial flows across the globe, individual countries are more constrained in conducting their monetary policy, says Paul Volcker, chairman of the board of trusteesujaf Jke JOroup
      YEN MENG JIIN  -  675 words
    • Article
      Lock icon Need for investors to globalise portfolios
      449 7  -  By DANIEL BUENAS INVESTORS must globalise their portfolios and take currency exposure into account if they want to maximise returns in the next 25 years, according to Seth Masters, chief investment officer of asset management firm Allianceßernstein. Mr Masters, speaking at the Raffles Forum
      449 words
    • Article, Illustration
      Lock icon Imbalances caused by poor financial systems
      484 8  -  By MATTHEW PHAN [SINGAPORE] Imperfect financial systems in emerging economies are leading to global imbalances in current and capital accounts which mean that workers cannot borrow against their income to spend and consume more, IMF chief economist Raghuram Rajan said yesterday. At a breakfast
      ARTHUR LEE  -  484 words
    • Article
      Lock icon The challenges ahead for Asia
      861 8  -  The region on the whole is well placed to deal with any risks By DAVID BURTON THIS week's World Bank-IMF annual meetings in Singapore are the first to take place in Asia since the Hong Kong meetings nearly a decade ago. As global financial leaders
      861 words
    • Article
      Lock icon Uphill fight for de Rato in revamp of IMF quotas
      853 8 Netherlands, for one, wants to stick to the status quo Bloomberg [WASHINGTON] Rodrigo de Rato, head of the International Monetary Fund, is struggling to curb the influence of some European nations in favour of fastergrowing economies like China. The first
      Bloomberg  -  853 words
    • IN BRIEF
      • Article
        Lock icon Brown tells rich to lead road to Doha
        88 8 AFP [LONDON] Britain's Chancellor of the Exchequer Gordon Brown yesterday called on the world's richest countries to "show leadership" by reinvigorating the moribund so-called Doha round of trade talks. "Singapore is a critical opportunity for the developed world to show leadership and
        AFP  -  88 words
      • Article
        Lock icon Rato sad at killing of Russian official
        126 8 Reuters [SINGAPORE] IMF managing director Rodrigo Rato yesterday said he was saddened to learn of the murder of a Russian central banker who tried to combat money laundering. "I would like to express how saddened I am, and also in the name of
        Reuters  -  126 words
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      326 6 1 BIRD'S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits-Times. NOTICES 1 S IN THE MATTER OF THE COMPANIES ACT, CAP JO AND IN THE MATTER OF 1. PAGODA CHINATOWN PTE LTD (Rag No. *****2037W) 2. STH EASTWOOD
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      106 7 T~ Westpac Private Bank For any of your international banking needs in Australia, talk to Westpac, the multi-currency experts. From cash-backed loans to multi-currency term deposits and dual currency investments, Westpac Private Bank's staff have the knowledge and expertise to assist you with your banking and investment requirements. With offices
      106 words
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      46 8 A HA B \xs£s****W X 1..'; jpr v V" "Bp MAXIM NOME OF THE PLANET'S SEXIEST WOMEN OCTOBER ISSOE 00T NOW! sPHmagazines /FREE! (Meant To Be Swallowed) V Get your copy of Maxim at Buzz Kiosks and receive 3 bottles of Ocean's Mineral Water (300 ml)
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      69 8 (~~~/*yxj Crystal Win**. We are a fine wine merchant specialising in the sale of fine wine from the region of Bordeaux, Burgundy. Rhone, Champagne. Cry y»« n6 S Alsace in France including fine wine from Argentina. Australia, California. Chile. Germany. Hungary. Italy. Spain and South Africa etc. \Ty J 491
      69 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Engineer of change
      2048 9  -  Prof Lord Bhattacharya of Warwick University tells AMIT ROY CHOUDHURY how he pioneered the concept of industry-academia partnership AMIT ROY CHOUDHURY IMAGINE an academic who starts with a borrowed chair at a university. Then in the course of imparting knowledge over a quarter of a century, he
      YEN MENG JIIN  -  2,048 words
    • Article
      Lock icon S'pore can follow British example
      430 9 IF Britain can do it, then, of course, so can Singapore, says Professor Lord Sushanta Kumar Bhattacharya of Warwick University when asked about whether this country can face the onslaught from low-cost manufacturing in places like China and India. "Singapore will always be a major
      430 words
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      114 9 Raffles Beijing Hotel M LI jpß CHINA 1 giaß t/i& a/u/^^lLidxHiroj d at Hjie/ Beijing's grandest hotel attracts high-society acclaim as the HIHiHHfIHHBEiiMMMifMRiiM glamorous center for the city's luminaries. For more information, please visit www.beijing.raffles.com 2006 33 East Chang An Avenue Beijing *****4 People's Republic of China Close to a
      114 words
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      61 9 Raffle? Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels and Resorts. The Traveller's Palm in the Raffles Hotels and Resorts logo is an apt symbol. Not only has water stored It the base of this palm provided sustenance, the leaves rest in
      61 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon A matter of focus for banks
      718 10  -  COMMENTARY What's important is not ownership, but the scale and scope of banking operations carried out from Singapore LESLIE YEE Senior Correspondent WHEN I spoke with Citigroup's chairman and chief executive Chuck Prince recently, he said there are two models for success in the
      718 words
    • Article, Illustration
      Lock icon Witness tells of 'same nature' of revenue policy
      396 10  -  INFORMATICS TRIAL Tiong believed no contradiction in FY2004 revenue recognition BY WEE LI-EN FORMER Informatics finance controller Eric Tiong said in court yesterday that he believed that the company's revenue recognition policy in FY2004 was not contrary to its finance policy. Mr
      396 words
    • Article, Illustration
      Lock icon A research-driven, narrowly focused week in the market
      469 10  -  STOCKS R SIVANITHY Senior Correspondent IT may have appeared as if there was plenty of activity over the week with many stocks enjoying elevated trading volume but a closer examination reveals that the focus insofar as rises were concerned was actually narrow,
      469 words
    • Article, Illustration
      Lock icon Revamp pays off with turnaround for Alantac in H1
      544 11  -  It'll now focus on improving product quality, moving up China supply chain By OH BOON PING HAVING turned around the business, the new management of Alantac Technology is now embarking on a twopronged strategy of improving product quality and moving upstream
      544 words
    • Article, Illustration
      Lock icon MURAL, MURAL ON THE WALL
      91 11 CHARITY goes beyond the bull run —for staff of the Singapore Exchange (SGX) and their families. A group of them recently rallied togetherfor a mural wall painting project for Chaoyang Special School, one of the charities supported by The Bull Run, 2006 a charity fun
      91 words
    • Article
      Lock icon Startech looking to buy HK investment company
      325 11  -  By MICHELLE QUAH STARTECH Electronics, whose auditors raised doubts earlier this year about the group's ability to continue as a going concern, announced yesterday that it is looking to buy a Hong Kong investment holding company called Red Flag Holdings Co Ltd. Startech
      325 words
    • Article
      Lock icon GK Goh's unit makes offer for Boardroom
      196 11 GK Goh Holdings' wholly owned unit, Salacca Pte Ltd, is making a mandatory takeover offer for main-board-listed Boardroom Limited at 50 cents a share. GK Goh, which is also mainboard-listed, said yesterday that Salacca will be making a conditional cash offer for all
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    • COMPANY BRIEFS
      • Article
        Lock icon SIA's capacity use up in August
        65 11 Bloomberg SINGAPORE Airlines filled an average 68.5 per cent of its combined passenger and cargo capacity last month, compared with 67.3 per cent in the same month the year before, it said in a statement. The carrier flew 6.6 per cent more passengers in
        Bloomberg  -  65 words
      • Article
        Lock icon Ellipsiz in deal to buy 40% stake in Kita Mfg
        34 11 ELLIPSIZ has entered into an agreement to buy 40 per cent of Japan-incorporated Kita Manufacturing Co Ltd, a precision engineering company, for U554.56 million.
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      • Article
        Lock icon AFP to distribute stake in Golden Agri
        48 11 ASIA Food Properties (AFP) has proposed to distribute a stake of about 55 per cent in Golden Agri-Resources (GAR) to its shareholders —to be effected through a capital reduction and a distribution in specie. GAR will cease to be a subsidiary.
        48 words
      • Article
        Lock icon Thai Beverage in acquisition talks
        46 11 THAI Beverage Public Company said it is in negotiations with the owner of a distillery which makes a Thai white spirit under the White Tiger trademark for a possible accpiisition of its distillery facilities but have not finalised the deal yet.
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      • Article
        Lock icon Jacks Int'l in the black in first half
        46 11 JACKS International yesterday reported a net profit 0f51.21 million for the six months to July 31, 2006, compared to a net loss of $1.89 million for the same period a year earlier. Tnmnvyr rnsft flftf fiWtt to $i4.B&HMBkm.
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      8 11 bt mm ■fth UMIIUH The Business Times JD
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      116 11 I I H I < Ak I' II •f V -mi, II Program Highlights Intensive world class program for working professionals in Singapore. Convenient class timings. Comprehensive specializations in Marketing, Finance and Operations. Internationally renowned faculty from S P Jain, lIMs, UK and US Universities. CEO Guest lecture series. S
      116 words
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  • PERSONAL INVESTMENT
    • Article
      Lock icon BROKERS' TAKE
      1047 12  -  Compiled by MATTHEW PHAN Offshore sector GOLDMAN SACHS, Sept 14 INDUSTRY context We remain bullish on the offshore industry and expect oil rig demand to stay at robust levels through 2009, driven by high oil prices. While we expect the major offshore rig builders to extract the most
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    • Article, Illustration
      Lock icon News you can use – on the market
      1337 12  - News you can use on the market SHOW ME THE MONEY A stock market report could well affect the stock market it reports on TEH HOOI LING Senior Correspondent DO THE financial news media induce, amplify or simply reflect investors' interpretations of stock market performance? In other words, does a
      1,337 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      944 12 For week beginning Sep 11 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial luy Mool Mc. SHAREHOLDING Tram Shjrefioidei Sal) Shares Per Before Atfr Stodi Data Director Cony "000 Shr i'OOO) (000) Serial System 1S-Sep-06 Goh Bak Heng Buy 50 0.16 *****9 37.59 *****9 37.60 Aspial Corp 15-Sep-06 Koh Wee
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  • SINGAPORE NEWS
    • Article
      Lock icon Jetstar Asia to launch Darwin, Cairns flights
      531 13  -  It will collaborate with sister carrier, plans to resume Perth services By VEN SREENIVASAN SINGAPORE-BASED Jetstar Asia is to operate flights on the new Singapore-Dar-win-Cairns route for its sister airline, Jetstar Australia. And the collaboration could expand further with Jetstar Asia restarting Sin-gapore-Perth
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    • Article
      Lock icon Pump prices fall by 5 cents a litre
      255 13 DRIVING has just become slightly cheaper, after each of Singapore's fuel companies yesterday evening took turns to announce price cuts at the pumps. Taking the lead was ExxonMobil, which reduced its retail prices for its Synergy petrol by five cents starting from
      255 words
    • Article
      Lock icon July retail sales index up 2.7% y-o-y
      178 13 THE overall retail sales index rose 2.7 per cent in July from a year earlier, according to the Department of Statistics (DOS). But compared with the previous month, the index fell 3 per cent. Total retail sales value in July was estimated at
      178 words
    • Article
      Lock icon Natas travel fair to draw 50,000 visitors
      191 13 NATAS Holidays 2006 organised by the National Association of Travel Agents Singapore (Natas) will be held from Sept 29 to Oct 1 at Singapore Expo. Natas said a record 750 booths will offer travel packages and tourism products at what is touted as
      191 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon HDB launches two new BTO projects
        43 13 THE Housing and Development Board is launching two new build-to-order projects this month: studio apartments in Golden Jasmine in Bishan Town and four-room flats in Sembawang Green. Buyers can apply for both from now till Oct 5.
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      • Article
        Lock icon Entrepreneurial fund pays out $1.4 m
        28 13 THE Entrepreneurial Talent Development Fund, which gives grants to tertiary institutes for investment in their students' business ventures, has paid out $1.4
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      • Article
        Lock icon Two JI terror suspects released: ministry
        66 13 THE Ministry of Home Affairs announced the release of two alleged Jemaah Islamiyah terrorist group members who had been detained on Orders of Detention under the Internal Security Act (ISA) since September 2002. Said bin Ismail and Munain bin Tumi were released on Sept
        66 words
      • Article
        Lock icon Convergys appoints new S-E Asia VP
        50 13 UNITED States-based customer care organisation Convergys Corporation yesterday said it has appointed Stanley Jeremiah vice-president for its South-east Asia operation. Mr Jeremiah announced his resignation as general manager of NTUC Income's Life Department last week, where he will be replaced by Toi See Jong.
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    • Article, Illustration
      Lock icon THROUGH THE EYES OF CHILDREN
      69 13 'WAITING for the kettle' the work of 19-year-old TruongLe Uyen is one of the exhibits at the 'Colours of Life' exhibition now on at the Arts House. The 45 photos on display showcase the work of disadvantaged Vietnamese children aged 13 to 19. The exhibition
      69 words
    • Article
      Lock icon YTL's Sentosa buy seems relatively cheap
      549 13  -  It clinches 132,689 sq ft site in Sentosa Cove for $50.2m By KALPANA RASHIWALA MALAYSIAN tycoon Francis Yeoh's YTL Corporation Bhd appears to have bought its maiden property development site in Singapore for a steal. It is paying $50.2 million or $378 per square
      549 words
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  • MALAYSIA
    • Article
      Lock icon CIMA buy by France's Vicat said to have been put on hold
      496 14  -  Official rejection appears to stem from controversy over Pantai deal By S JAYASANKARAN in Kuala Lumpur THE rising political temperature in Malaysia is causing potential business deals involving foreigners to come unstuck, with the latest casualty being a
      496 words
    • Article
      Lock icon Canada's Scotiabank eyes M'sian buys, but denies bid
      245 14 Reuters [KUALA LUMPUR] Canada's Bank of Nova Scotia confirmed yesterday it was seeking acquisitions in Malaysia but denied a report that it planned to buy an indirect stake in the country's fourth-biggest lender. Malaysia's Business Times, citing unnamed sources, said Scotiabank planned
      Reuters  -  245 words
    • Article
      Lock icon SGX MAINBOARD
      6 14 Transaction date: Sep 15
      6 words
    • Article
      Lock icon New financial rules needed to boost housing demand
      539 14  -  By PAULINE NG in Kuala Lumpur HOUSING developers are calling for new financial rules for the Malaysia My Second Home programme (MM2H) to encourage capital inflow from well-off foreigners and boost demand for new housing. Fateh Iskandar Mohamed Mansor, vice-presi-dent of the
      539 words
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  • INDONESIA
    • Article, Illustration
      Lock icon Jakarta battles corruption to woo foreign investment
      422 15 Country set to get tough on graft, bureaucracy: finance minister Reuters [HONG KONG] Indonesia, struggling to lure foreign investment it needs to help build roads, ports and power plants, is tackling corruption and red tape to make itself an attractive destination, its finance
      Reuters; BLOOMBERG  -  422 words
    • Article
      Lock icon SGX
      1098 15 Transaction Date: Sep 15 MOST ACTIVE STOCKS VOLUME VALUE ChinaPDve 29.244.000 DBSGrp 58.477.040 Svnear 26.988.000 UOB 46.320.325 Thai Beverage 23.907.000 CapitaLand 39.480.680 HiapHoe 21.741.000 KeppelCorp 37.659.550 AdvanceSCT 15.665.000 SingTel 33.888.390 SingTel 13.761.000 Svnear 24.791.145 CoscoCorp 13.220.000 SGX 24.702.440 Labrov Marine 12.244.000 Cosco Corp 21.162.290 CapitalanMBLeCW***** 12.174.000 Labrov Marine 20.020.340
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    • Article
      Lock icon Indonesia rolls out 3G services: report
      208 15 AFP [JAKARTA] Indonesia has begun rolling out its first-ever third generation (3G) mobile services, a report said yesterday. Telkomsel, an associate company of Singapore Telecommunications, began offering high-speed wireless service for mobile phones on Thursday after a successful trial in August, the Jakarta Post
      AFP  -  208 words
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  • INDIA
    • Article
      Lock icon India needs to build port mega-hubs: APL
      398 16 Lack of facilities for vessels carrying at least 6,000 20-foot containers Bloomberg [SINGAPORE] India should invest more to develop •"mega-hubs" than spread jout its port investments to •boost trade of Asia's fourth- biggest economy and attract more shipping lines, APL Ltd's head of
      Bloomberg  -  398 words
    • Article, Illustration
      Lock icon Hotmail founder plans Indian Silicon Valley project
      238 16 Bloomberg [NEW DELHI] Sabeer Bhatia, co-found-er of the Hotmail free e-mail service, plans to raise US$55O million in the initial round of investments in an Indian multibillion dollar high-technology project modelled after Silicon Valley. "It comes from a combination of both my personal
      Bloomberg; TNP FILE PHOTO  -  238 words
    • Article
      Lock icon BP, BG bid to explore for energy with ONGC
      394 16 Bloomberg [NEW DELHI] BP pic, Europe's largest oil company, and BG Group pic are among companies that have bid to explore for energy in India jointly with the nation's largest explorer, Oil Natural Gas Corp (ONGC). ONGC led 14 other companies
      Bloomberg  -  394 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      34 16 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ 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
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  • GREATER CHINA
    • Article
      Lock icon HSBC may incorporate China business
      420 17 It is seeking to tap US$1.9t of household savings Bloomberg [SHANGHAI] HSBC Holdings Pic, Europe's largest bank, said it's considering a plan to incorporate its China business and Hang Seng Bank unit in Shanghai to meet a government rule and may sell shares on the
      Bloomberg  -  420 words
    • Article
      Lock icon Warburg Pincus seals finance for rare China buyout: source
      269 17 Reuters [TOKYO] US private equity firm Warburg Pincus and a Chinese investor have finalised the US$lBl million leveraged buyout of 98 per cent of China's Shandong Deosen Corp, a source familiar with the deal said yesterday. In a typical LBO, the
      Reuters  -  269 words
    • Article, Illustration
      Lock icon Packer-Ho joint venture hits snag with proposed listing
      622 17  -  Regulators worry stakeholders would be left empty-handed By JANE MOIR in Hong Kong IT HAS been a bitter-sweet week for the offspring of casino magnates Kerry Packer and Stanley Ho: while regulators in Macau have paved the way for a gaming venture,
      PHOTOS: BLOOMBERG, AFP  -  622 words
    • Article
      Lock icon BURSA MALAYSIA
      4 17 Source: Reuters
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    • Article
      Lock icon Beijing curbs investment by social insurance funds
      164 17 Reuters [SHANGHAI] China said it will restrict the investment of its social insurance funds after a major corruption scandal involving Shanghai's municipal pension funds. The central government has ordered that investment of social insurance funds around the country must be limited to bank
      Reuters  -  164 words
    • Article
      Lock icon China trims export rebates to check surging trade surplus
      422 17 Steel and textiles faced cuts, but tech goods got a boost Bloomberg [BEIJING] China has cut export incentives for steel and textiles and increased them for high-technology and biomedical goods, seeking to curb a record trade surplus and encourage production of
      Bloomberg  -  422 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Investigators probe Silicon Valley companies
      651 18 100 firms being examined for financial irregularities WP [WASHINGTON] Silicon Valley has long been the stuff of dreams, a place where gawky entrepreneurs create billion-dollar companies in their garages, their innovations sometimes bending the rules but forever changing the way we listen to music or
      WP; BLOOMBERG  -  651 words
    • Article
      Lock icon Inflation pressures moderate in August
      453 18 LATEST US DATA AP, Reuters [WASHINGTON] Consumer inflation slowed sharply last month as energy prices moderated, brightening prospects for future economic growth. The Labour Department reported yesterday that its closely watched Consumer Price Index posted a 0.2 per cent increase in August, just half of
      AP, Reuters  -  453 words
    • Article
      Lock icon US, EU, Canada start WTO battle against China
      406 18 Bloomberg [PARIS] The US, European Union and Canada yesterday asked World Trade Organization (WTO) judges to prohibit Chinese duties on imports of car parts they say discriminate against foreign makers, in the first WTO lawsuit against China, EU and US officials said.
      Bloomberg  -  406 words
    • Article, Illustration
      Lock icon Bangkok to probe 16 MNCs for any ownership breach
      457 18 AFP [BANGKOKI Thailand will launch an investigation into 16 multinationals over alleged violations of its foreign ownership limits, it was reported yesterday. The commerce ministry will probe the Thai-regis-tered companies to check whether they are nominees for international groups trying to
      AFP; BLOOMBERG  -  457 words
    • Article
      Lock icon Ford to offer buyouts to 75,000 workers
      345 18 NYT [DEARBORN, Michigan] In the latest sign that Detroit has decided it needs to shrink to survive, the Ford Motor Co agreed on Thursday to offer buyouts and other incentives worth as much as US$l4O,OOO each to its 75,000 hourly workers in the
      NYT  -  345 words
    • Article
      Lock icon China warns against linking US deficit to yuan
      374 18 AP [BEIJING] China yesterday warned Washington against linking the US trade deficit to a dispute over the Chinese currency, saying that doing so will only hurt both sides. The statement comes ahead of a visit to China next week by US Treasury
      AP  -  374 words
    • WORLD WATCH
      • Article
        Lock icon Ericsson to revamp company into 3 units
        63 18 Bloomberg, Reuters [STOCKHOLM] Ericsson, the world's biggest maker of mobile-phone networks, will reorganise the company into three units and hire 500 engineers to accelerate research and development in Internet-based networks and multimedia. The three units will be networks, global services and multimedia, Stockholm-based
        Bloomberg, Reuters  -  63 words
      • Article
        Lock icon Russia seeks data from energy majors
        61 18 AFP [MOSCOW] Russian authorities have asked foreign energy majors in production-sharing agreements with the Russian government to turn over their technical and financial data. The request from the natural resources ministry was addressed to the Russian offices of Total, Exxon and Royal Dutch Shell,
        AFP  -  61 words
      • Article
        Lock icon GE to sell adhesives unit for US$3.8b
        88 18 Bloomberg [BOSTON] General Electric Co has agreed to sell its adhesives and sealant unit to Apollo Management LP for about US$3.B billion, marking the company's largest ever disposal of a non-finance division. The sale of GE Advanced Materials continues chief executive Jeffrey Immelt's
        Bloomberg  -  88 words
      • Article
        Lock icon Microsoft's Zune to take on Apple's iPod
        70 18 Reuters [SEATTLE] Microsoft Corp said on Thursday that the ability to share music through wireless connectivity is a key element for its new Zune portable media player to win over consumers from Apple's market-leading iPod. The world's largest software maker said it will
        Reuters  -  70 words
      • Article
        Lock icon Energy market to buy NYBoT for US$1b
        68 18 Bloomberg [NEW YORK] Intercontinental Exchange Inc, an electronic energy market whose shares have risen 78 per cent this year, has agreed to acquire the New York Board of Trade for about US$l billion in cash and stock. Atlantabased Intercontinental will pay about 10.3
        Bloomberg  -  68 words
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  • MOTORING
    • Article, Illustration
      Lock icon Fine-tuning a winning concept
      776 19  -  As a premium seven-seat SUV which debuted in 2002, the Volvo XC90 created a niche which it still dominates today. CY CHEW drives the updated version of a Swedish success story CY CHEW fF it ain't broke, don't fix it." Words to live by but only
      PHOTOS BY CY CHEW  -  776 words
    • Article, Illustration
      Lock icon Volvo keeps drivers safe even when not on the road
      366 19  -  By CY CHEW NO other car manufacturer has become as synonymous with safety as Volvo and for good reason too. Volvo was the first to introduce the front laminated windscreen in the *****; the first to introduce three-point seatbelts in
      366 words
    • Article, Illustration
      Lock icon Masterful Commander
      452 19  -  By SAMUEL EE THE number of premium sevenseat sport-utility vehicles available in Singapore has just doubled with the arrival of the Jeep Commander. The Volvo XC9O was the original SUV with three rows of seats and some measure of prestige since it was launched here in 2003. By
      452 words
    • Article, Illustration
      Lock icon Hydrogen power for BMW
      315 19  -  By SAMUEL EE SUSTAINABHJTY is a big word, not just because of its six syllables but for its potential to break our dependency on fossil fuels. So what better way to demonstrate that concept than in an equally big car like the BMW 7 Series. The
      315 words
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  • GOLF
    • Article, Illustration
      Lock icon Pressel the prodigy
      1075 20  -  Competing against veteran players at the age of 18 is a dream come true, US golfer Morgan Pressel tells JUSTINE MOSS JUSTINE MOSS SINGAPORE'S golfing fans might be experiencing withdrawal symptoms after seeing some of golfs best male professional golfers tee off in the Barclays Singapore Open
      REUTERS  -  1,075 words
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      Lock icon Page 20 Advertisements Column 1
      548 20 willG&dillG withweekendßT '>#v k Mil Cafebiz weddings, gifts or for pure enjoyment In addition to an Ngoh Hiang, Chilli Cnfc MmQm. homemade spices and aromatk dishes, served Traders Hotel Lobby level TeL *****374 impressive collection of top Australian wines and Kueh Tu Tu, Nonya Kueh, Durian Cake etc Weifaby buffet-style.
      548 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 2
      23 20 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES
      23 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      310 20 CRYPTIC CROSSWORD ACROSS drink (6,3) 1 A bogus journalist felt humili- 6 Natural reaction of garages ated (7) running out of gss (4) 5An instrurrjent of Eve's down- 7 on f sort of examiner always f a |j (7) circles a wrong mark (8) 9 Poet's house by the sea
      310 words
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  • WELLNESS
    • Article, Illustration
      Lock icon All in a day's work
      966 21 With the opening of the Singapore Day Surgery Centre going for minimally invasive surgery will be easier and less expensive, reports CHEAH UI-HOON GETTING a minimally invasive procedure done, but told that you'd have to get in line for the operating theatre? Patients and private
      966 words
    • Article, Illustration
      Lock icon Getting rid of toxic matter – in the body
      895 21  - Getting rid of toxic matter in the body Detoxification is drawing interest in Western medicine, writes CHEAH UI-HOON CHEAH UI-HOON Detoxification has a role in mainstream Western medicine, according to some advocates, even if the concept itself is still seen as an "alternative" practice. "Detoxification isn't a new concept, but
      895 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Tangs and the City
      1135 22  -  VivoCity when it opens next month will be Singapore's largest shopping mall. CORINNE KERK gives a sneak preview of the kind of tenant mix and retail concepts shoppers can expect CORINNE KERK ON THE back of a successful revamp of Tangs' Orchard Road department store in
      1,135 words
    • Article, Illustration
      Lock icon Labels to look out for
      1196 22 WHEN it opens next month, Vivo City in the Harbour Front precinct will be the largest shopping mall in Singapore with over a milIron square feet in lettable space. "1 But, what we really want to know is are Ihere new labels and retail concepts
      1,196 words
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  • PERSONAL SPACE
    • Article, Illustration
      Lock icon A work of art that's home too
      1349 23  -  In choosing an architect to redesign his home, master potter Iskandar Jalil settles for one with an artistic flair not unlike his own, notes NANCY LOH NANCY LOH WHEN it came to finding an architect to rebuild his single-storey terrace in Kembangan, master
      PHOTOS BY ARTHUR LEE  -  1,349 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Upmarket hawker fare
      2417 24  -  Want to impress foreign visitors? JAIME EE and CHEAH UI-HOON check out restaurants which serve yummy local food with stylish flair JAIME EE, CHEAH UI-HOON ANYBODY who's ever had to entertain friends from temperate countries would have faced this dilemma where to take them to enjoy the
      2,417 words
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