The Business Times, 26 September 2006

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES i^Vth ANNIVERSARY JD SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Tuesday, September 26,2006
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  • 729 1  -  By WONG WEI KONG [SINGAPORE] Institutions of a public character (IPCs) in Singapore charities, foundations, town councils and similar organisations have been urged to do more in adopting best practice when investing their surplus funds, which can run into millions of dollars. This
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  • 924 1  -  Singapore, Vietnam are among Asian countries in which it is planning to step up its investments By LESLIE YEE [SINGAPORE] One of the world's leading holding companies, Dubai World, is poised to step up its international investments, with Asia a key market,
    ARTHUR LEE  -  924 words
  • 136 1 STI 2,523.89 (+3.39) ST INDEX FUTURES 2,523.00 (+3.00) SIMSCI 301.78 (+0.94) SIMSCI FUTURES 301.80 (+0.50) MARKETS Monday Change ICLCOMP 965.44 +0.21 NIKKEI 225 15.633.81 -0.&5 HANG SENG 17,546.04 -54.61 SET INDEX 686.74 +5.03 JAKARTA COMP 1,506.76 -4.07 MANILA COMP 2,531.68 +0.03 SEOUL COMP 1,355,21 +6.83 SHENZHEN B 317.67
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  • TOP STORIES
    • 548 2  -  Vietnam gives green light for NOL unit, CapitaLand tie-up and Giant South operations By CHUANG PECK MING in Ho Chi Minh City PRIME Minister Lee Hsien Loong's visit to Vietnam has helped pave the way for several Singapore investment projects under a
      UM WUI LIANG/ST  -  548 words
    • 385 2 LATEST US DATA AP. Bloomberg. Reuters [WASHINGTON] Sales of US existing homes fell for the fifth consecutive month in August as the once-boom-ing US housing market slowed further in tandem with a cooling economy. On Wall Street, stocks turned lower as the
      AP.; Bloomberg.; Reuters  -  385 words
    • 31 2 IN the report, "IBM launches USs2som showcase bank centre" (BT, Sept 23-24), the investment value of the IBM centre is U*****,000, not US$25O million. We are sorry for the error.
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    • 293 2  -  By CONRAD TAN [SINGAPORE] Keppel Corp has won a $1.7 billion contract to design, build and operate a solid waste management facility in Qatar over a period of 20 years. The group said last night that its environmental technology and engineering arm, Keppel
      293 words
    • 653 2 Hesley to set up USs2som cocoa factory in Jurong HESLEY Cocoa International announced yesterday that it would be spending US$25O million over the next three years to build a cocoa-processing plant in Jurong. The move could also see the company seek a secondary listing in Singapore. TOP STORIES,
      653 words
    • 645 4  -  It will be biggest cocoa-processing plant here when fully completed By CHEN HUIFEN [SINGAPORE] The whiff of cocoa fragrance could soon lighten the steps of workers in the Pioneer Road area in Jurong. -Hesley Cocoa International announced yesterday that it would
      LIANHE ZAOBAO  -  645 words
    • 310 4  -  By LESLIE YEE [SINGAPORE] Dubai World, which is developing various iconic projects reshaping Dubai's skyline, could be looking to park some of this prized property into real estate investment trusts (Reits), says Sultan Ahmed Bin Sulayem, chairman of Dubai World. And the
      310 words
    • 34 4 UNIT TRUSTS FUNDS LEGEND:All prices are indicative;Broadly Diversified; Narowly Focused;$ 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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    • 8 2 people Roaming Asia-Pacific. wwv/.thepeopleatwork com Asia-Pacific Executive Search
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  • COMPANY NEWS
    • 595 5  -  Opposing group lists objections, lodges complaint with SGX, ACRA By CONRAD RAJ DEAL maker and former HSBC Securities head Christopher Chong has asked the High Court to declare his extraordinary general meeting of the shareholders of Sesdaq-listed integra2ooo valid against the objections of
      595 words
    • 408 5  -  New award CEO of the Yearup for grabs By MICHELLE QUAH NOMINATIONS are open for the second season of the Singapore Corporate Awards (SCA), which recognise good governance. And this year there will be a new award CEO of the Year, for excellence in shareholder
      408 words
    • 378 5  -  By WONG WEI KONG THE Securities Industry Council (SIC) has given three directors of Thakral Corp a deadline? to announce whether they will make a counter-offer for the company. The three all members of the founding Thakral family have been given until Oct
      378 words
    • 591 6  -  High Court approval nextshares may be relisted by Oct 4 By MICHELLE QUAH SHAREHOLDERS of Citiraya Industries yesterday voted overwhelmingly in favour of a new future for the company under white knights Heshe Holdings and Oei Hong Leong in effect, ending two years of great uncertainty
      591 words
    • 361 6  -  Yong Pung How's first appointment since retirement By CONRAD TAN VENTURE capital group kl Ventures has appointed former chief justice Yong Pung How as an independent director. The appointment is Mr Yong's first as a director of a public-listed company since he retired in
      361 words
    • 417 6  -  By JEAN CHUA MAINBOARD-LISTED Pacific Healthcare is opening its second clinic in India this time in Mumbai as it moves to expand its business overseas. The healthcare group is starting a 50:50 joint venture with The Wadia Group, one of India's biggest private conglomerates,
      YEN MENG JIIN  -  417 words
    • 702 6  -  HOCK LOCK SIEW By LESLIE YEE JUST about all the private and public sector leaders in town recently for Singapore 2006 were bullish about Asia's prospects. Certainly, last week's military coup in Thailand serves as a timely reminder that when it
      702 words
  • Page 5 Advertisements
    • 112 5 TAX Our qualified professionals can assist you with offshore structures, shelf companies and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For
      112 words
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  • Page 7 Advertisements
    • 272 7 Vietnam Singapore Industrial Park celebrates a 10 th anniversary marked by great vision and success. SembCorp celebrates 10 years of working hand-in-hand with Becamex Corporation to shape the Vietnam a Singapore Industrial Park (VSIP) into the widely recognised industrial estate that it is today. With strong commitment and support from
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  • SINGAPORE MARKETS
    • 546 8  -  STOCKS Trading centres on penny-stock plays due to greater caution and absence of research-driven ideas R SIVANITHY Senior Correspondent PENNY stocks the lower the price, the better provided the main trading plays in a directionless session yesterday that saw brokers scour the market for ideas
      Source: Bloomberg  -  546 words
    • 441 8 Deemed Interest; IP; Investment Purposes; SA: Share Allotment ST: Share Transfer B/R: Bonus/Rights Issues; OE: Option Exercise; PL Placement Shares; IT: Internal Transfer Compiled by BT OTHER SINGAPORE INDICES Sep 25 VALUE CLOSE BT OB/OS 107.00 -21.00 BT CADI -*****.00 -67.00 BT 10-day MA -*****.00 +10.00 All-SG
      441 words
    • Article, Illustration
      326 8  -  Compiled by UMA SHANKARI Mapletree Logistics Trust Sept 25 dose: $0.91 iPMORGAN, Sept 24 MAPLETREE Logistics Trust (MLT) has announced the $168 million acquisition of the Jurong Logistics Hub from Jurong Port Pte Ltd, a subsidiary of JTC Corporation. The acquisition will lift the portfolio size to $1.34 billion
      Source: Bloomberg  -  326 words
    • 320 8  -  CHART POINT By YEO KEE YAN, YEO KEE YAN, chartist at Kelive Research ENERGY prices suffered a sharp drop during the past two months. Light sweet crude tumbled from its peak of US$7B per barrel to US$6O in recent sessions. Technical indicators have fallen to oversold
      Source: Nea  -  320 words
    • 542 8  -  CURRENCIES LARRY WEE Senior Correspondent CARRY trades continued to be the favourite game in town for currency traders yesterday, lifting the New Zealand dollar to highs not seen in at least six months versus the US and Singapore dollars. Warnings
      Source: Reuters  -  542 words

  • COMPANY NEWS
    • 385 9  -  $50m deal starts in end-2008 when Chinese biomass plant opens By RONNIE LIM CHINA Enersave will be the second Singapore-listed company after SembCorp Utilities to sell "green" carbon credits in the UK market, starting from end-2008 when the first of its three
      385 words
    • 363 9  -  By MATTHEW PHAN THE directors of Austra-lian-listed Grand Hotel Group, in which Singaporelisted Tuan Sing Holdings has a 25.04 per cent stake, have formally rejected a takeover offer from Mulpha Australia as "inadequate and derisory". Mulpha Australia, a subsidiary of Malaysian property and financial
      363 words
    • COMPANY BRIEFS
      • 36 9 ASIA Environment Holdings has agreed with Chinese officials to acquire and operate a wastewater treatment plant in Zhangzhu of Jiangzu Province over 25 years for 16 million yuan (553.2 million).
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      • 87 9 KEPPEL Land has agreed to sell its stake in Singapore Suzhou Industrial Holdings Pte Ltd (SSIH) to JTC Corp's subsidiary Ascendas for $27.1 million. KepLand, whose interests in SSIH comprise 25 per cent of its ordinary share capital and 33.33 per cent of the
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      • 36 9 KINGSMEN Creatives Ltd's subsidiary, Kingsmen Exhibits Pte Ltd, has been awarded, by the Singapore Science Centre Board, a $9.4 million contract to build the i-Space Exhibition at the Singapore Science Centre.
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    • 300 9  -  By MATTHEW PHAN MORE Asian-based commodities futures are in the offing as the Joint Asian Derivatives Exchange (Jade) commenced its first day of trading yesterday with the launch of a TSR 20 Rubber Futures Contract. "We plan to list a Jade Crude Palm Oil
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  • Page 9 Advertisements
    • 258 9 Earljr lirlH \|v J Opportunities A Challenge* in In dim's Market Reform: Bntry atrategy Location eboicea/ FDi limit*/ Tax benefit* Taxation A Employment Diapute resolution Joint ventures Merger* Acquisitions Outsourcing Protecting Intellectual Property Some Distinguished Speaker*: RAVI BMQHANIA fMrnmrnfimf Partner, atnghania m rartamrM) B.Cam 00*1), LLB Dtlhl Uniwraitw TARUN DUA
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  • SINGAPORE NEWS
    • 347 10  -  FAMILY TRENDS But divorces also beat previous record set in 2003 By JEAN CHUA THE number of couples getting hitched last year was the highest since 2002, according to figures released yesterday by the Department of Statistics (DOS). But the number of breakups also
      347 words
    • 236 10 PARENTS working for OCBC were yesterday told of plans to offer places at a new childcare centre to be set up by the bank in partnership with the NTUC Childcare Group. The 6,100 sq ft centre on the second floor of OCBC Centre at Chulia
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    • 554 10  -  Hikes of up to 0.5 percentage point driven by increased interbank rates By LESLIE YEE MORTGAGE interest rates are being increased for the second time this year by two banks in Singapore, DBS and Citibank. The market leader in home loans, DBS
      FILE PHOTO  -  554 words
    • 370 10  -  By LESLIE YEE NAMES and details of stockbrokers, financial advisers and others could soon appear on a public register, following a public consultation by the Monetary Authority of Singapore (MAS). The authority is proposing to establish a public register of representatives permitted to
      370 words
    • 235 10  -  By AMIT ROY CHOUDHURY SAMSUNG has consolidated its group companies in Singapore in one building, called the Samsung Hub, at the junction of Church Street and Telok Ayer Street. The building will house 400-odd Samsung staff. The company's regional president and CEO Park Sang-Jin said at
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    • 255 10 Bloomberg SINGAPORE'S inflation rate fell to an 11-month low in August as a stronger currency made fuel and other imports less expensive. The consumer price index rose 0.7 per cent from a year earlier after gaining 1.1 per cent in July, the Department
      Bloomberg  -  255 words
  • Page 10 Advertisements
    • 665 10 O LINDETEVES-JACOBERG LIMITED (Incorporated in the Republic of Singapore on 11 December 1947) (Company Registration No. *****0172G) PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 248,056,294 NEW ORDINARY SHARES IN THE CAPITAL OF LINDETEVES-JACOBERG LIMITED (THE "COMPANY"), AT AN ISSUE PRICE OF $0.12 FOR EACH RIGHTS SHARE, ON THE BASIS
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    • 19 10 assail Mmv HF V P|fe W I Pi' B> w A 'v. 'r; y> ■■■■If iwniai n waKeuproaf 2*913
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  • THE BUSINESS EDGE
    • 1118 11  - Going int'l the business of FTAs Free trade agreements represent a strategic tool for enterprises to enhance their market access abroad. CONRAD TAN reports CONRAD TAN EVERYONE seems to be signing free trade agreements (FTAs) these days but what good do they really do? For many smaller companies, these agreements
      FILE PHOTO  -  1,118 words
  • Page 11 Advertisements
    • 63 11 Your point of view Will FTAs play an integral role in your decision to expand to a particular country? a) Yes, definitely b) Yes, but it would not determine the ultimate decision c) No, not at all Please log on to www.hsbc.com.sg/1 /2/bizedge to share your views today. The first
      63 words
    • 168 11 This is the first of a four-part series brought to you by HSBC Commercial Banking ||h H life |||!||!|ff i 4 tt v t— MPHRHMMiHHIMRPHiHPP I It's funny, the people who think H all fabric manufacturers are the same H all wear pinstripe suits. H Fabric manufacturers (unlike most bankers)
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  • SMEspotlight
    • 1194 12  -  Following a time-honoured research tradition has proven to be the right strategy for MerLion Pharmaceuticals, reports CHEN HUIFEN CHEN HUIFEN JUST before drug discovery firm MerLion Pharmaceuticals Pte Ltd was officially formed in 2002, its CEO Tony Buss launched a contest for staff to
      ARTHUR LEE  -  1,194 words
    • 985 13  -  Born some 2 years ago, the gallery hosts works of renowned artists and draws a wide circle of clients, writes RUCHIKA TULSHYAN RUCHIKA TULSHYAN MANY companies have an art in business, but there are few that have a business in art. Ode to Art
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    • 963 14  -  SMALL CAPS Nippecraft focuses more on design and innovation to beat low margins and growth in OEM business, reports NANDE KHIN NANDE KHIN NIPPECRAFT Ltd, operating in what some observers have written off as a sunset industry, has recently been moving up the value
      FILE PHOTO  -  963 words
  • Page 12 Advertisements
    • 120 12 HE'S THE WORLD'S LEADING YOUTH AND TECHNOLOGY BRANDING GURU. >-/—«« HIS WRITINGS ON YOUTH AND MEDIA TECHNOLOGIES REACH 4 MILLION PEOPLE EVERY WEEK. HIS BOOK 'BRAND CHILD' HAS REVOLUTIONIZED HOW COMPANIES COMMUNICATE WITH THE YOUTH. 6 7 NOVEMBER THE RITZ-CARLTON, MILLENIA SINGAPORE gmnUH W j— Jjflk This November, the forum
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  • Page 13 Advertisements
    • 216 13 Sponsor: 2nd annual Modtl^Jilk. AAU ORACLE E-BUSINESS SUITE HHH SUPPLY MANAGEMENT ablvl H j Stirling cofiwiwrcv SB Logistics World 2006 Held in conjunction with: HaraflingftMustriil AotanitlM 1 Asia2oo6 ®BDP 17- 18October 2006<§> SUNTEC SINGAPORE MJmiMMUMMiW Cognizant Material Handling Industrial Automation p|pctr9 Looking into a host of solutions for Industrial J^T\\C*\PJ
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  • Page 14 Advertisements
    • 112 14 Diners Club Card r»w»J64i6 0980 b\j FHi! BbM A World of Exclusive Privileges Treats Diners Club www.Jiners.com.eg JnternattonaT -^||§f|j§gl|liyii^ Jfa~" "ftJEßim The Wine Hut AKKk The Quayside #01-16, Tel: 6836 6445 UM Up to 15% off total bill Only when you charge to your Diners Club Card. T&C Apply. Paulaner
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  • ECONOMY WATCH
    • 364 15 Beijing may raise yuan daily change limit to 1 analyst Bloomberg [BEIJING] The yuan may advance after US Treasury Secretary Henry Paulson said Chinese officials he met last week agreed to the need for a more flexible exchange rate. The currency
      Bloomberg; AFP  -  364 words
    • 270 15 Bloomberg [KUALA LUMPUR] Malaysia's ringgit fell, extending two weeks of losses, after the central bank said Asian nations can't adjust their currencies as much as the US would like. Bank Negara Malaysia's governor Zeti Akhtar Aziz said greater flexibility in Asian currencies may be "highly
      Bloomberg  -  270 words
    • 648 15 Concerns over US slowdown denting demand, Iran's offer for talks also affect prices Reuters. Bloomberg [LONDON] Oil dropped under US$6O to a six-month low yesterday as abundant supplies in the United States and fears that slower US economic growth would stunt demand
      Reuters.; Bloomberg  -  648 words
  • Page 15 Advertisements
    • 340 15 Q: What is "Global Wealth Structuring" (GWS)? A: It is planning how to hold your assets to preserve, protect and ultimately transfer the value of your life's achievements to the people and causes you care for. GWS helps clients understand potential tax liabilities, anticipate possible legal issues and examine alternatives
      340 words
    • 1984 15 (O LASSETERS INTERNATIONAL HOLDINGS LIMITED Compeny Registration No. *****2223 M Q&isseims (Incorporated in the Republic of Singapore) NOTICE IS HERBIY GIVEN THAT the Third Annual General Meeting of Lasseters International Holdings Limited wi be held at Balroom 11, Level 2, Grand Hyatt Singapore, 10 Scotts Road, Singapore *****1 on Wednesday.
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  • MALAYSIA/INDONESIA
    • 494 16  -  The Internet exchange should offer equal access and price: minister By PAULINE NG in Kuala Lumpur MALAYSIA'S plan to establish an Internet Exchange by year-end may force local traffic to be routed domestically rather than through Singapore or US Internet exchanges. Energy, water
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    • 4 16 Source: Reuters
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    • 488 16  -  By S JAYASANKARAN in Kuala Lumpur SHARES in Malaysian financial services company Rashid Hussain Berhad have moved up almost 40 per cent to RM1.40 apiece in the past two weeks on speculation that a deal by the Employees Provident Fund to purchase
      FILE PHOTO  -  488 words
    • 436 16 [KUALA LUMPUR] The market for initial public offers (IPOs) in Malaysia is set to become the slowest in five years following regulator moves to tighten rules to boost the quality of companies, according to a report in Malaysia's Business Times.
      436 words
    • 417 16 [WASHINGTON] Indonesian Vice-President Jusuf Kalla has named domestic reform and stability as overriding factors for US corporations to invest in Indonesia, warning that the failure to achieve them would continue to deter foreign investors* says a report in The Jakarta
      417 words
    • BRIEFLY ASIA
      • 90 16 Reuters, Bloomberg [SHANGHAI] BMW's China partner, Brilliance China Automotive Holdings, has secured a deal to export 3,000 of its self-developed Zhonghua sedans to Europe, marking its first entry into the continent. Brilliance yesterday said a unit had signed an agreement with German
        Reuters,; Bloomberg  -  90 words
      • 75 16 Reuters [SINGAPORE] Indonesia's largest listed mining group, PT Bumi Resources, is seeking a US$3OO million loan to fund a share buyback after raising US$9OO million in refinancing for its recent failed mine sale, a source close to the deal said yesterday. The
        Reuters  -  75 words
      • 83 16 Bloomberg [HONG KONG] Kowloon Development Co, which develops real estate in Hong Kong and Macau, yesterday said it and Citic South China (Group) Co had paid 3.03 billion yuan (*****.2 million) at an auction for land in China's south. The
        Bloomberg  -  83 words
      • 99 16 AFP [TAIPEI] The Taiwanese government will sell a 6 per cent stake in Chunghwa Telecom through local auction and American depository receipts, officials said yesterday. An auction will be held on Thursday for the sale of a 1.2 per cent stake
        AFP  -  99 words
      • 64 16 Bloomberg [JAKARTA] Bank Indonesia said foreign investors have bought US$7 billion in stocks, treasury bonds and central bank bills as "short-term" investments, some of which may be withdrawn as the central bank cuts interest rates. "We think the sum will decline in
        Bloomberg  -  64 words

  • GREATER CHINA/INDIA
    • 473 17 A political rival of President Hu,he's also ousted from the Politburo AP. Bloomberg [SHANGHAI] The city's top leader was dismissed yesterday for alleged corruption, the highest level official to be axed in more than a decade as President Hu Jintao moves to consolidate
      AP.; Bloomberg; REUTERS FILE PHOTO  -  473 words
    • 320 17 Allies in coalition govt oppose raising investment limits Bloomberg [NEW DELHI] Indian Prime Minister Manmohan Singh's plan to attract US$l5O billion for roads, ports and power supply systems may flounder because the government won't allow overseas investors in on the terms they want.
      Bloomberg  -  320 words
    • 145 17 AFP [SHANGHAI] China plans to give over 2.000 weak state companies at least 18 extra months to comply with a new bankruptcy law aimed at ending government coddling of loss-making firms, the Financial Times reported yesterday. The law, which will come into effect
      AFP  -  145 words
    • 243 17 AFP [HONG KONG] A new theme park that hoped to cash in on Macau's casino-led economic boom may be sold off, a media report said yesterday, as attendance figures remain low just months after it was opened. Fisherman's Wharf, a harbourside complex
      AFP  -  243 words
    • 291 17 Bloomberg [BEIJING] China Telecom Corp, China's largest fixedline operator, said it is in talks with five potential strategic investors, including Singapore Telecommunications (Sing Tel), that may buy stakes after the company receives government approval to enter the mobile phone business. "We're at preliminary stages
      Bloomberg  -  291 words
  • Page 17 Advertisements
    • 827 17 f LUM CHANG HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No.: *****3949N NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on Friday, 27 October 2006 at Rendezvous Hotel Singapore, Straits Ballroom 1, Level 2, 9 Bras Basah Road, Singapore *****9
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    • 1397 17 X Karin Technology Holdings Limited (InooHiwlrt In I«iwuSs on SB Ntgm 20Cg) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that an Annual General Meeting of the Company will be held at 2 Stamford Road, Raffle* City Convention Centre, Singapore *****2 on Thursday, 12 October 2006 at 9.30 a.m.
      1,397 words

  • ASIA-PACIFIC/WORLD
    • WORLD WATCH
      • 41 18 Reuters [CANBERRA] Telstra chairman Donald McGauchie notified the Australian Stock Exchange that the board would not recommend the Australian government's appointment of former advertising guru Geoffrey Cousins because he had not completed due diligence tests. —Reuters
        Reuters  -  41 words
      • 34 18 Reuters [LONDON] ICAP pic said on Sunday it had held talks about a possible merger with the London Stock Exchange and that the talks had ended. Reuters
        Reuters  -  34 words
      • 60 18 Reuters [FRANKFURT] Germany's Schwarz Pharma yesterday said it had agreed to be bought by Belgium's UCB for around 4.4 billion euros (SsB.B billion) in shares and cash. Schwarz said its shareholders would get 50 euros a share in cash and 0.8735 of one
        Reuters  -  60 words
      • 60 18 AP [NEW YORK] A federal judge yesterday granted class action status to tens of millions of "light cigarette" smokers for a potential US$2OO billion lawsuit against tobacco companies. The class is anyone who purchased cigarettes that were labelled "light" or "lights" after they were
        AP  -  60 words
      • 47 18 Reuters [TOKYO] The Bank of Japan yesterday said a system problem which made its website difficult to view on Sept 22 was caused by multiple attempts at unauthorised access, but it has yet to determine where they originated or the motive. —Reuters
        Reuters  -  47 words
    • 528 18 COUP AND AFTER Auditor-general completing probe into sale of bomb scanners to new airport soon AP, Reuters. AFP, Bloomberg [BANGKOK] Thailand's top graft buster said yesterday that the military rulers may freeze the assets of ousted prime minister Thaksin Shinawatra and members
      AP,; Reuters.; AFP,; Bloomberg  -  528 words
    • 575 18 Reuters. AP [TOKYO] Japan's prime minister-in-waiting, Shinzo Abe, picked a pro-growth party heavyweight and a hardliner on China to fill key ruling party posts yesterday, offering the first clues to the line-up in his administration. Hidenao Nakagawa was appointed Liberal Democratic Party
      Reuters.; AP; REUTERS  -  575 words
    • 459 18  -  By AL LABITA in Manila INDIAN outsourcing companies have turned to the Philippines to outsource their burgeoning global business to cut surging operating costs and stay competitive. Highlighting an emerging trend of Indian-Philip-pine joint ventures in IT-en-abled services, two giant companies have forged a
      459 words
    • 466 18 Reuters [NEW YORK] Chief executives who become celebrities may earn more than the performance of the companies they run merit, according to a new study. Companies that enjoy less than stellar profits and stock prices tend to suffer after their
      Reuters  -  466 words
  • Page 18 Advertisements
    • 1022 18 I^2=—— —I L.C. Development Ltd (Incorporated in the Republic of Singapore) (Company Registration No.: *****1118N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 34th Annual General Meeting of the Company will be held at the office of L.C. Development Ltd, 1 Selegie Road, #03-01 Paradiz Centre, Singapore
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  • AVIATION
    • 584 19 New airport is S-E Asia's largest but S'pore, M'sia will soon expand AFP [BANGKOK] The opening of Thailand's new airport will spur competition as Singapore and Malaysia boost their own air traffic capacity in a bid to be the region's
      AFP; REUTERS  -  584 words
    • 249 19 AFP [BEIJING] China's surging air travel market is giving authorities a safety headache as passenger numbers grow to a predicted 270 million by 2010, a senior aviation official said, quoted by Saturday's China Daily. Wang Changshun, the deputy director of the General
      AFP  -  249 words
    • 597 19  -  COMMENTARY Both sides are agreeable to arbitration VEN SREENIVASAN Senior Correspondent IS THERE another industrial relations crisis in the making at Singapore Airlines (SIA)? One might think so, judging from the reports regarding the latest disagreement between the company and
      597 words
    • 385 19 AIRLINE CODES: AA: American Airlines (AAL), AF Air France (AFR), AI: Air India (AK), AY Finnair Oy (FIN), AZ: Alitalia Airlines (AZA),BA: British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      385 words
  • Page 19 Advertisements
    • 141 19 BT/ZUJI Deals of the Week $20 voucher 20 f OOO hotels I $100 off I Special j With any flight booking put on sale most packages OtSTOWnOHS BUSWESS CLASS (feorol) ECONOMY CtASSfomS) HOffßflwwft WEAIHBt Hanoi $538 (Vietnam Airlines) $185 (Vietnam Airlines) $159 K* l Bangkok $565 fSwss intemaOonafi $118 (thai
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  • Page 19 Miscellaneous
    • 192 19 CRYPTIC CROSSWORD poetry lay holloW (9) 13 They eat out at work (7) YESTERDAY'S SOLUTION DOWN 15 She may hold one under her Across: 1 Reg ret. 5 Upstairs, 9 Ar--2 Seeking self esteem of pride spell (9) mageddon, 10 Page, 11 Heirloom, before the fall (3,4) 16 So to
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  • SHIPPING
    • 742 20  -  MARITIME WEEK 2006 IESE hopes to begin production of the water treatment device next year By GEORGE JOSEPH [SINGAPORE] A research and development centre here is about to commercialise an onboard shipping ballast water treatment system it invented that may spin off a
      YEN MENG JIIN  -  742 words
    • 291 20 SGX '000 Sep 25 SS Vol CH Offshore 0.37 <Toi 42 ChuanHup 0.33 0.01 394 Cosco Corporation 1.58 -0.05 3485 CWT Distribution 0.60 0.01 61 Ezra Hldgs .2.82 -0.02 139 Freight unki 0.08 0.01 ***** Grand Banks Yacht 0.85 unch 1 Jaya Holdings -.1.41 0.02 832 K1 Venture
      291 words
    • 452 20 AP [MIAMI] Carnival Corp, the world's largest cruise operator, said last week that fiscal third-quarter profit grew 4 per cent, helped by strong European and Alaska cruise seasons that offset increased fuel costs and softness in the Caribbean market. Profit for
      AP  -  452 words
    • 527 20  -  By DONALD URQUHART [SINGAPORE] The shipping industry has a "once-in-a-lifetime" opportunity to improve its global image or risk falling into mediocrity, industry executives said yesterday at the start of Singapore's Maritime Week 2006. "While the maritime and shipping industry has many achievements to
      527 words
    • 351 20  -  By DONALD URQUHART [SINGAPORE] The time has come for Asia to "take its destiny in its own hands". Singapore Shipping Association (SSA) president SS Teo said yesterday, arguing for a change tn International- Maritime Organisation (IMO) representation from one seat per member country
      RLE PHOTO  -  351 words

  • MARITIME WEEK 2006 SPOTLIGHT
    • 789 21  -  Local firm NewEarth develops a process that treats industrial waste and recycles and re-utilises the products By SURENDREN APPAROO AS in any industry in the world, the marine and maritime industry will have to keep up with changing trends and new problems that
      FILE PHOTO  -  789 words
    • 894 21 SHOWCASING the vast array of talent, resources and expertise across the maritime industries in Asia is the main theme of Sea Asia, an international maritime exhibition and conference due to take place in Singapore next year. The event runs from April
      894 words
  • Page 21 Advertisements
    • 18 21 MPA SINGAPORE This series is brought to you by the Maritime and Port Authority of Singapore lnfo@ Jjs^y^^.j^jj.^jj^J^tzV
      18 words
    • 96 21 OeOOkt -NOOks ShtngrHa Hotel J ICBMIIOO6 1830 tin fShangrHaHaM 0900hrs-T73ohrt• WflesTown J mCOttalthMSKwltySaHlMr nOOtnWXftntMHoM 111 O mf *1 j JBr. jyMMf 'WFj/\j£Jm 3- BG(NS) Choi Shing took. Permanent Secretary, Ministry of Trareport and Mr David Edwards, Director of Technical Co-operation DMskm, Ml WO at the World Maritime Day Parallel Event
      96 words

  • EDITORIAL & OPINION
    • 517 22 EDITORIAL CHINA'S top banking regulator has given an undertaking that Beijing would press ahead with reforms and stand by its commitments to open the domestic market to foreign lenders by the end of the year. It could not have come at a better time and
      517 words
    • 1589 22  -  Ketchup made with China-grown produce costs less with no compromise on quality By JAMES KANTER IHT YI LIU has spent five long years trying to persuadeEuropeans that Chinese tomatoes can match the quality of produce ripened in the Provencal sun and at a
      IHT; FILE PHOTO  -  1,589 words
    • 673 22  -  THE BOTTOM LINE AL LABITA Manila Correspondent THE United States-supported war on terror in southern Philippines has turned bloody, raising the spectre that another Iraq or Afghanistan is in the making. In less than a month, nearly two dozen Filipino soldiers were
      673 words
    • 793 23  -  A conference there last week painted a much more sobering picture of global growth and financial sector prospects ANTHONY ROWLEY Tokyo Correspondent IF IT was possible to leave the recent IMF and World Bank annual meetings in Singapore feeling at least mildly optimistic about prospects
      REUTERS  -  793 words
    • 163 23  -  LETTERS TO THE EDITOR Ambassador K Kesavapany Director. Institute of Southeast Asian Studies Singapore I REFER to Vikram Khanna's article, "S'pore Inc should plug into Bank projects" (BT, Sept 21). I agree with Mr Khanna that the private sector should not view the
      163 words
    • 198 23  -  Denis Distant Singapore I REFER to the report "Come on over, Bursa tells S'pore investors" (BT, Sept 23). I cannot resist asking just how sincere is the call to Singaporeans to invest in Malaysian stocks and shares? Banks in Johor Baru refuse to
      BLOOMBERG  -  198 words
    • 409 23  -  Narayana Narayana Singapore I REFER to the comments in HIM Governance Singapore's letter, "What's needed in corp governance" (Mailbag, Sept 14), in reference to the new Code of Corporate Governance which will come into effect for AGMs from Jan 1, 2007. Given the shareholding structure
      409 words
    • 120 23  -  Simon Chan Fatt Hoi Singapore I REFER to the letter "Wolfowitz's comments unfair" from Rahul Goswami (BT, Sept 21). Based on my understanding of what was reported in the newspapers, before Singapore was awarded the right to host the IMF-World Bank Meeting, it had
      120 words


  • Page 24 Advertisements
    • 1310 24 j ===^^t L.C. Development Ltd (Incorporated in the Republic of Singapore) (Company Registration No.: *****1118N) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of L.C. Development j Ltd (the "Company") will be held at 1 Selegie Road, #03-01 Paradiz Centre, Singapore *****6 on Thursday, 26 October 2006 at 11.00
      1,310 words
    • 1338 24 r LUM CHANG HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No.: *****3949N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 24th Annual General Meeting of the Companv will be held at Rendezvous Hotel Singapore, Straits Ballroom 1, Level 9 Bras Basah Road, Singapore *****9
      1,338 words
    • 1138 24 CSMAT'M INDUSTRIAL' 4 COMAT INDUSTRIAL LTD. (Incorporated in the Republic ot Singapore) Company Registration Number. *****0428 C NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of COMAT INDUSTRIAL LTD. ("the Company") will be held at 30 Raffles Place #21-02 Caltex House Singapore *****2
      1,138 words
    • 571 24 IN THI HIQH COtfHT Of THE MPUM ie Qg MMUMi Originating Petition No. 12 of 2005/ M In the Matter of IN Companies Act, Chapter 50 And In the Matter of NEOCORP INTERNATIONAL LTD. (M JUDICAL MANAGEMENT) (RC No. *****2648H) NOTICE OF CREDITORS' MEETING TO CONSIDER A PROPOSED SCHEME OF
      571 words

  • 2237 25 SGX XTRANET U-Mt I<4 UH Vol tar LaMQwM* On fetid Mm MCa n» Co* ?■■>«■> utt n» —y s«—r rw w iJ 10t» 1W50 Mtt Diamonds USIOWW saw SDJUSTech US37«kd Wil iSMSQSpor* US55S «>01 ns*TVX) U5U70cd on sum us***** jm 2»3 €235 STlfTF 100 *580 .2 t 2600
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  • 3346 26 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local amr In SI In USS dy ft dy yr dy Syr 12 lnd«i Oanq« Chang* Chang* Chang* Changa Chang* mmmfaWBtw >ws -qj u -M U -M TI I EAR Preliminary ***** -tjB 4.1 -04 M -ttt EiacjePteliniinay 137t.7 -1 1 65
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  • Page 27 Advertisements
    • 1626 27 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 Loads Singapore, E./W. Malaysia, Indotwsio E./W. Malaysia, ln<Wia MIDDLE-EAST SERVICE F.EJS.EJL SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT GLENGO INC/BSN ADDU STAR JDH/AQA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia,
      1,626 words
    • 483 27 Mlttf WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VKSE VOT IMP MBBHT SM LK j MAO I SAV tkl ORf TAUSMAN AH 21 3201 ms 6.4 M 01/10 19/10 20/10 01/11 06/11 04/11 TOURCOING AM 21 4001 ms 6.3 M 07/10 90/10 01/11 12/11 17/11 H/11 TAMESIS AH3I 3201 ms MM 24/10
      483 words

  • Page 28 Advertisements
    • 878 28 WAN HAI INTERNATIONAL PTE LTD NO: *****W0000/R \W\ WAN HAI LINES A ir*i ail llhrf M18:(03)3344MMMX:(03)*****2HKN18:(04)*****00FAX:(04)22ttW9 JON IB: (07) 251 #923 FAX: (*****1 #921 SUt IB: (031) 32*475 MX: (031) 32*2714/ *****05 www.wanhai.com.sg JKIIB:(O2I)S2S4IMMX:|O2I)S2S47MPIMIH:7I*3M/716W Ml-*****9 ttlH: (Ml) 4157K3 MX: (0*1) 41S**2S/4142«09 WEEKLY EXPRESS SERVICE TO AND FROM CALLING SINGAPORE EVERY
      878 words
    • 1100 28 IVfSSeL I VOY PKL SIN I KARACHI I PX» BAB NHS PMM BIK 1 KHOR IRAN TABATABAEI PCI 8159 22/09 23/09 02/10 05/10 06/10 12/10 14/10 16/10 IRAN SATTARI PCL 8160 05/10 06/10 15/10 18/10 19/10 25/10 27/10 29/10 IRAN KORPESTAN PCL 8161 08/10 09/10 18/10 21/10 122/10 28/10 30/10
      1,100 words
    • 782 28 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VESSEL VOY sw PJOANG COLOMBO N. SHIVA COLOMBO hqta rawm mn mi. m__H2 im snaa INDIRAGAHDHI OIO7W 26SEP 27SCP 30SEP 03 00 07 OCT LAI BAHADUR OIO6E 26 SEP 30 SEP KAJfV 6AWDHI ~"0iW1W OMIT OMfT 13
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  • PROPERTY
    • 386 30  -  Pavilions, gun batteries, water tank towers under consideration By ARTHUR SIM GATES, bridges and even water tank towers could soon be officially recognised as repositories of national identity. Grace Fu, Minister of State for National Development, yesterday said that structures other than buildings can
      386 words
    • 447 30 THE Singapore Exchange (SGX) has appointed Jones Lang LaSalle (JL) to handle the sale of its space at SGX Centre 1 in Shenton Way, sources say. BT understands that JLL may launch soon an expression of interest or tender for
      447 words
    • 206 30 MAINBOARD-LISTED Sim Lian group has acquired a residential development in Surrey Road for $29 million, or $750 per square foot per plot ratio (psf ppr). No development charge is payable. The four-year-old project, called Olivio, has a land area of 13,808 sq ft and is
      206 words
    • 563 31  -  Another site at Bencoolen Street expected to go on sale next week By ARTHUR SIM THE hotel industry could be in for a shake-up, with one site launched for sale by public tender in Mohamed Sultan Road yesterday and another at Bencoolen Street
      563 words
    • 385 31 Bloomberg SINGAPORE'S hotel room rates may rise to a record this year as the World Bank and International Monetary Fund meetings and other events draw more tourists, pushing prices higher, analysts said. Singapore last week hosted the IMF and World Bank meetings, which attracted
      Bloomberg  -  385 words
    • 297 31  -  By UMA SHANKARI CAPITALAND said yesterday that the joint venture (JV) it set up in Vietnam in February this year to develop a prime residential site in Ho Chi Minh City has received an investment licence from the country's government allowing the
      297 words
  • Page 30 Advertisements
    • 93 30 THE MEEREN CENTREPCHffT v 1 m ii'nniw'MlMlifil rT iH'''illlilil^illif"""""r"""l l v PROPOSED SOMERSET CENTRAL SOMERSETftOAD SOMERSET MRT I PCKANG ROAD STATION YOUTH PARK 1 SINGAPORE POWER BUtLOtNG# UEH COMCENTRE AA 55 57 Devonshire Road, Mayer Mansion Enbloc Sale By Tender Site Area: 13, 404 sqft. Plot Ratio 2.8 Excellent Residential
      93 words
    • 111 30 Quality Business Space For Rent @Tai Seng Modern 5-storey light industrial building Prominent location at junction of Airport Road Suitable for MNCs SMEs Ideal for production, warehousing office Large floor plktes: 7,200 sq ft to 36,200 sq ft Easy access to PIE KPE Attractive rental available immediately 9380 8662/8100 0129
      111 words
    • 186 30 116 Changi Road Freehold Commercial Building For Sale 4-storey office building with basement carpark |£L__ ,<■ Within walking distance to Eunos MKT Station I<m Easy access to PIE, ECP and City mMy H Site Area: Approx. 16,694 sq ft Net Floor Area: Approx. 43,000 sq ft Ideal for corporate office
      186 words

  • Page 31 Advertisements
    • 207 31 FOR SALE BY TENDER L s Commercial Development pie I 5 Site at Bedok Centre t I I (Bedok and Changi Theatres) Bedok w<>f th mm p rom j nen t and visible frontage to cwMMrity st 2 New Upper Changi Road m* 7 kM Km Within walking distance to
      207 words
    • 284 31 t Land 22,472 sf +SL 3,550 sf r mm®J, LH 947 yrs from 5/10/1934 Chomp L ".AUrl I IjPstte Residential, GPR 1.4, 5 storeys APPro* 600 m to Kovan MRT ySSrXi/ Within 2km of Rosyth School J Htghtox) yf, la >? I Potential for 30 units x 1,160 sq ft
      284 words
    • 28 31 m Tin Lianhe Zaobao I HiMifiMlllMl'lMl'fl I I President CEO I lof Samsung I I South-east Asia I I on plans I to expand I I region I
      28 words

  • Page 32 Advertisements
    • 287 32 Professional Professional j Portable Ultra Portable LCD Home Theatre Projector Multimedia Real XBA LCD Projector Multimedia Real XGA LCD Projector Muttimedie Reel XGA LCD Projector Multimedia Real XGA LCD Projector PIU 7A rnmim PLC-XF46 MS PLC-XF6OA 6500im PLC-XPS7L WS] PLC-XU4B QHDS •High contrast ratio 1300:1 High contrast ratio 1300:1 i
      287 words