The Business Times, 29 September 2006

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Total Pages: 42
1 40 The Business Times
  • 42 1 THE BUSINESS TIMES ■HV F th JW anniversary 5) SINGAPORE 85 cents MICA (P) 099/03/2006 Fridav. SeDtembf»r 29.2006 THE BUSINESS TIMES mmrth ANNIVERSARY 1 JD SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Friday, September 29,2006
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  • Page 1 Advertisements
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  • Page 3 Advertisements

  • 542 1 Sources say group also poised to clinch M&S rights in Vietnam, and gunning for same in China [SINGAPORE] Retailer Robinson Co is poised for its next wave of expansion. According to industry sources, it has just clinched the franchise for the trendy, mid-range
    542 words
  • 618 1  -  It will create up to 3,000 jobs running at full capacity By ROLAND LIM [SINGAPORE] Hard disk drive giant Seagate Technology said yesterday it will spend $1.3 billion over the next four years to build its third recording media plant in Singapore. The
    618 words
  • Page 1 Advertisements
    • 50 1 COMMENTARY Chemoil IPO makes S'pore a big winner PAGE 6 ARTY PARTY nnk Museums and galleries are fast becoming the SKBEBp venues of choice for corporate events p EXECUFESIYIf.MGEX •or Michelin-starred chef Alain Ducasse clears the air about critics who say he has betrayed profit Tomorrow in the Raffles Conversation
      50 words
    • 18 1 RANKING Citigroup wants to stop 'exporting" talent PAGE 2 IHI 8 "887 SraOOCK 11 Martets Digest. Pg 2
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    • 44 1 CFO INTERVIEW Courts cashing in on credit page 10 MJKm PRIMARY SCHOOLS Subject-based banding to replace language stream PAGE 17 •>* *P» fiififtlffllliiiiitM^^Ml ?^^^fißßH^nn|||Hg|BßWi^HHHH^B^l 4H fH .^mHIi^nBKfI^HHI^^HHHEKBI 'J^^^KsSH^^^^Bß^^^Hß^HßGH^flßflMl mrsSKBKSmSBBBKHBm I l 3 i»" jMw' 1W ;SL /il J?™ Mm raHf 5Kf \V 'fcjilPwn! lf /fl
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  • TOP STORIES
    • 411 2 S'pore investors net sellers of US stocks in Q2 SINGAPORE investors have remained in a net-selling mode on Wall Street in April-June, dumping more US shares than they bought in a quarter that saw the Dow rising marginally and the Nasdaq dipping on high energy prices, interest rates
      411 words
    • 808 2  -  Bankers will get chance to be entrepreneurial within the group By LESLIE YEE [SINGAPORE] There are so many former Citibankers to be found in financial institutions in Asia that their onetime employer Citigroup says it faces a problem of "exporting talent". Robert Morse,
      YEN MENG JIIN  -  808 words
    • 474 2  -  It leases 2 aircraft to Philippine domestic carrier By VEN SREENIVASAN [SINGAPORE] Tiger Airways is headed towards a cross-border tie-up which could ultimately see it owning a stake in a small, but well established, domestic airline in the Philippines. In what appears to be
      474 words
    • 133 2 STI 2,567.97 (+10.07) ST INDEX FUTURES 2,568.00 (+10.00) siMsa ***** (+0.87) SIMSQ FUTURES 307.70 (+1.20) MARKETS Thursday Chang* KLCOMP 968.88 +2.56 NIKKEI 225 16.024.85 +76-98 HANG SENG 17.530.57 +9.06 SET INDEX 687.90 -5.13 JAKARTA COMP 1.533.80 +10.74 MANILA COMP ClOMd SEOUL COMP 1371.43 +11.40 SHENZHEN B 315J5 +5.59
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    • 297 2 LATEST US DATA Reuters [WASHINGTON] A cooling housing market helped slow US economic growth more steeply than expected in the second quarter, the government reported yesterday, while corporate profits grew feebly. Analysts said a slowdown in the pace of expansion could extend into 2007
      Reuters  -  297 words
    • 564 3  -  Trading patterns hit by inflation fears, high energy prices and interest rates By CHUANG PECK MING [SINGAPORE] Investors here remained in a net-sell-ing mode on Wall Street in April-June, dumping more US corporate stocks than they bought in a quarter
      564 words
    • 638 3  -  Conference hears about importance of enforcement By MICHELLE QUAH [SINGAPORE] The key to improving corporate governance and reducing the incidence of fraud and other corporate misdemeanours in Singapore lies in enforcing compliance with existing rules rather than coming up with extra ones,
      638 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 597 4  -  Group's rebranding efforts pay off as it seeks to expand beyond S'pore By ARTHUR SIM JUST weeks before it opens its new store at Vivocity, Tangs, one of Singapore's oldest retailers, has changed its identity. "We don't call ourselves a department store
      ARTHUR LEE  -  597 words
    • 303 4  -  By ARTHUR SIM CAPITALAND will buy Silver Tower in Cairnhill for $161 million, its second col* lective en bloc sale site in about a year. Including an estimated development charge of $16.5 million, the price works out to $1,107 psf per
      303 words
    • 199 4 Reuters [BANGKOK] Shin Corp said yesterday that Singapore's DBS Bank had declined to subscribe for new shares issued by its consumer finance unit Capital OK, which would dilute its holding to 24.69 per cent from 40 per cent. Shin Corp, which owns
      Reuters  -  199 words
    • 202 4 YEO Hiap Seng Ltd (YHS) has hired food industry veteran Marcel Bertaud to break into the North Asian markets of Japan and Korea. The listed food and beverage company yesterday said effective Oct 1, it has appointed Mr Bertaud, 45, as executive
      202 words
    • 758 6  -  HOCK LOCK SIEW By LESLIE YEE BIG initial public offerings are good for the Singapore stock market and the financial industry. But just because an IPO is sizeable does not guarantee that investors who get their hands on the IPO shares will make
      ARTHUR LEE  -  758 words
    • 452 6  -  By UMA SHANKARI AS PART of an aggressive expansion drive, The Ascott Group will spend $60 million to spruce up its portfolio in Singapore adding another 462 units to three properties. And Ascott's chief executive Cameron Ong said his group, together with
      452 words
    • 579 15  -  IPO FOCUS It seeks $46m to boost output capacity for new, existing products By NANDE KHIN CHINA Kangda Food Co, which makes processed food products, is looking to raise $46 million in its initial public offering in order to
      579 words
    • 321 15  -  By AMIT ROY CHOUDHURY MAINBOARD-LISTED Frontline Technologies Corporation's Indian subsidiary, Accel Frontline Ltd, has launched an initial public offering (IPO) for listing on Indian stock exchanges. On offer are about 5.64 million shares which include some 5.18 million new shares at an indicative price of
      321 words
    • 331 15  -  M'sian firm could launch offer here by end of next month By LAUREL TEO TWO years after it backed off from a listing attempt on the Singapore Exchange (SGX), a Malaysia-based plastic packaging firm has revived its initial public offer (IPO) here. Buoyed by warming
      331 words
  • Page 4 Advertisements
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  • Page 6 Advertisements
    • 1294 6 >AT^ NOTICES Toll free: 1800 289-8822 Email: notices@sph.com.sg BUY JT-STLL tr-FINO »T CFM HOLDINGS LIMITED (Registration No. *****3708R) NOTICE OF THE SIXTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN (hat the Sixth Annual General Meeting of the Company wfll be held at The Grassroots' Club. 190 Ang Mo Wo Avenue
      1,294 words
    • 277 6 IN THE MATTES OP THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OP UNDETEVES MARKETING SERVICES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****6329K) NOTICE OF MEMBERS' VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the abovenamed company held on
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    • 25 6 HOT IPO Attract more interest from investors. Place ycur IPO notice in our newspapers. Call 1800 289 8822 or email notices&sph.com.sg. THE Business Times uD
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  • Page 7 Advertisements
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  • Page 8/9 Advertisements
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  • THE CFO INTERVIEW
    • 1325 10  -  Shopping on credit reflects today's lifestyle, Courts' finance director tells SIOW LI SEN SIOW LI SEN TO MOST people, Courts (Singapore) is a megastore selling furniture and electronics. But to those in the financial community, it is regarded as a hire purchase or finance company competing directly with
      FILE PHOTO  -  1,325 words
    • 326 10 THE retail industry more often than not hires young people, because the business is best learnt on the job. Doing so also helps to keep costs down, as the business by nature is la-bour-intensive. But what is probably little-known, especially to people outside
      326 words
    • 420 11  -  FirstLink claimed refund of $4.3 m from Creanovate in coal-mining deal By OH BOON PING FIRSTLINK Investments Corporation, whose coalmining deal hit a snag last year resulting in legal suits, has won its case against Creanovate Pte Ltd. In a statement yesterday, First Link said
      420 words
    • 306 11  -  By NANDE KHIN NOBLE Group, a supply chain manager of agricultural, industrial and energy products, yesterday said it is buying a 10 per cent stake in Precious Metals Australia Ltd's (PMA) Windimurra mine for A 513.5 million (Ssl6 million). It will
      306 words
    • 292 11  -  By CONRAD TAN PARKWAY Holdings, the largest private hospital operator here, has proposed a $65.7 million special dividend payout and a rights issue. The special cash dividend works out to a net 9 cfents per share. The group which owns the Mount Elizabeth, Gleneagles and
      292 words
    • COMPANY BRIEFS
      • 54 11 KEPPEL Corp's environmental technology division Keppel Seghers has secured a $13.3 million contract to provide equipment design and technical services for a waste-to-energy plant in Changzhou city of China's Jiangsu province. Keppel Seghers said it is also currently undertaking waste-to-energy projects in Changshu, Shenzhen,
        54 words
      • 93 11 STOCK market players keen to profit from movements in the Taiwan stock market can do so on the local exchange from Monday onwards, following the listing of four new structured warrants offered by Societe Generale. The bank, which is among the world's top
        93 words
  • Page 10 Advertisements
    • 347 10 £4 Great organisations demand a high level 1 of commitment by the people involved. V I I Bill Gates Founder of Microsoft i The greatest competitive edge of a dynamic company lies in the 1 i undivided dedication of its people. Your company has certainly i come a long way.
      347 words

  • Page 11 Advertisements
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    • 234 11 > V jgF Btafl k W Wf" m f>Avako Tafcaai I K ji H -ZMi j i v\\ I BW OTCrwwT V WWIIIUP' In 2006, we invite you to the 17th presentation of the Toyota Classics. In celebration of the 250 th anniversary of Wolfgang Amadeus Mozart, the first half
      234 words

  • SINGAPORE MARKETS
    • 530 12  -  STOCKS Share price patterns, especially among the Reits and banking stocks, seen as odd R SIVANITHY Senior Correspondent SOME might call it "portfolio rebalancing" or perhaps "quarterly window-dressing", although there would be a fair number of observers who would prefer "index rigging" to describe yesterday's price movements,
      Source: Bloomberg  -  530 words
    • 411 12 Deemed Interest; IP: Investment Purposes; SA: Share Allotment; ST: Share Transfer; B/R: Bonus/Rights Issues; OE: Option Exercise; PL: Placement Shares IT: Internal Transfer Compiled by BT OTHER SINGAPORE INDICES Sep 28 VALUE CLOSE BT OB/OS 28.00 411.00 BTCAPI -*****.00 +18.00 BT 10-day MA -*****.00 +3.00 All-SG Equities
      411 words
    • Article, Illustration
      895 12  -  Compiled by UMA SHANKARI Keppel Corporation Sept 28 dose: 5514.80 CITIGROUP RESEARCH, Sept 28 KEPPEL has secured a repeat order for an uhra-deepwater semi-sub-mersible rig for US$3B5 million, due for delivery by the end 0f2009. This rig is similar to the first two semis, Ensco 8500 and Ensco
      Source: Bloomberg  -  895 words
    • 525 12  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar steadied in Asia yesterday, heartened at least in part by news that Wall Street had hit fresh 2006 highs overnight. Partly because of that, tricky cross-trading plays dominated traders' attention, instead. After first dipping overnight on
      Source: Reuters  -  525 words

  • Page 13 Advertisements
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  • Page 14 Advertisements
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  • Page 15 Advertisements
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    • 127 15 /U&7 MORE EFFICIENT CONNECTIONS. Jr\ ~y J LESS WAIT. HUrttm r With our new morning flight to Tokyo, transit time will be cut dramatically! Forget the dreaded 10-hour wait depart for San Franscisco and Los Angeles in less than I hour. You can also expect more prompt connections to Chicago,
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  • Page 16 Advertisements
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  • SINGAPORE NEWS
    • 395 17  -  MOE move will help Primary school students who are weaker in languages, maths By MATTHEW PHAN THE Ministry of Education (MOE) is replacing the current EM3 stream in primary schools with subject-based banding, starting with,the 2008 Primary 5 cohort— a move that will allow
      RLE PHOTO  -  395 words
    • 480 17  -  By LESLIE YEE WELL over half of suggestions from the public for changes to income tax law have been adopted, the Ministry of Finance (MO) said yesterday. The ministry has taken up 28 out of 49 suggestions related to the drafting of the
      480 words
    • 299 17  -  Investment over 10 years is to develop major R&D centre By CONRAD TAN VESTAS Wind Systems, a leading wind turbine manufacturer based in Denmark, will invest $500 million here over the next jdecade to develop a research and development centre here.
      299 words
    • 371 17 LEISURE and entertainment in suburban Singapore may never be the same again come next November, with the opening of a round-the-clock retail mall called e!Hub at Pasir Ris. To cost $80 million, the 24-hour entertainment complex will chase the
      371 words
    • 283 17 THE monthly magazine Far Eastern Economic Review (FEER) has had its licence for sale and distribution here revoked by the government. In a statement yesterday evening, the Ministry of Information, Communications and the Arts (Mica) said it had withdrawn approval for the magazine
      283 words
    • SINGAPORE ROUNDUP
      • 82 17 PHILIP Yeo, chairman of the Agency for Science, Technology and Research, yesterday became the first Singaporean to receive Harvard Business School's Alumni Achievement Award. The award was instituted in 1968 to recognise graduates "who have contributed significantly to their companies and communities whilst upholding the
        82 words
      • 87 17 THE value of properties sold by auction in the third quarter of this year was $155.4 million the highest figure in seven years, says Colliers International. The latest Q3 figure compares with just $37.4 million in the preceding quarter and $60.8 million
        87 words
      • 67 17 THE Urban Redevelopment Authority yesterday launched a hotel site at Bencoolen Street for sale by public tender, after a developer committed to bid at least $36 million about two weeks ago. The land parcel has a site area of about 0.36 ha and a gross
        67 words
  • Page 17 Advertisements
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      64 words

  • SHIPPING
    • 537 18  -  MARITIME WEEK 2006 Boost gained from opening of rep office by Norway insurer Skuld By GEORGE JOSEPH [SINGAPORE] Singapore's role in marine insurance is growing in tandem with its rise as a premier maritime centre. This is reflected by the more than
      FILE PHOTO  -  537 words
    • 376 18  -  By DONALD URQUHART [SINGAPORE] The maritime industry urgently needs to recruit competent people at all levels to offset a growing shortage of personnel, speakers at a wom-en-in-shipping forum said yesterday. Speaking at the opening of the Women's International Shipping Trading Association (Wista) 2006
      376 words
    • 523 18 It raises concern over high gadget, enrolment costs Reuters [NEW YORK] Port operators and freight companies will have to pay up for tightened security checks that will extend full background checks to all workers entering US maritime facilities and vessels by the
      Reuters  -  523 words
    • 321 18 Reuters [NEW YORK] The largest US Jones Act tanker operator, Overseas Shipholding Group Inc, projects the strongest tanker market growth opportunity to be in gas tankers, chief executive Morten Arntzen said on Wednesday. Earlier this week, OSG agreed to acquire crude oil and petroleum
      Reuters  -  321 words
    • 289 18 SGX '000 S«p2« S$ W- Vol CH Offshore .037 unch 194 ChuanHup 0.32 unch 425 Cosco Corporation 1.62 -0.01 3688 CWT Distribution. 0.60 -0.01 31 Ezra Hldgs .2.87 0.08 884 Freight Links 0.08 0.01 1984 Grand Banks Yadit .035 unch 7 Java Holdings 1.39 -0.02 431 K1 Venture
      289 words
    • 702 18  -  ADMIRALTY CASEBOOK By SELVA KUMAR POOR stowage of containers and lack of stabilisation systems were among the factors cited in a report into the loss of 27 containers overboard from the UKflagged ship P&O Nedlloyd Genoa during a trans-Atlantic voyage in rough seas. The findings
      702 words
  • Page 18 Advertisements
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      141 words

  • MARITIME WEEK 2006 SPOTLIGHT
    • 463 19  -  Regional seafaring nations should be better represented on the International Maritime Organisation, says the council's chairman Reports by SURENDREN APPAROO THE school atlases some of us saw as children always had Europe, including Britain, in the centre of the picture. That was till about 40 years
      FILE PHOTO  -  463 words
    • 566 19 AMVER is a piece of kit that can be a lifesaver for seafarers in distress. Amver, which stands for Automated Mutual-Assistance Vessel Rescue, is a computerbased global ship reporting system used worldwide by search and rescue authorities. It is sponsored by the United States
      AP  -  566 words
  • Page 19 Advertisements
    • 194 19 WISTA 2006 SIBCON MA Golf Toumamtnt ODOOhrs CZOhrs TOOhrs laguna National Gotf 1 SotssoM. The Stamford Country Club 9K0N20M-M*0ISpa WISTA 2006 Gala Dinner CMtte WOOhrs 9 Equinox szrjjr 1 I KeppelMerina J j (L to R) Ms LohWaine* CEO/Vice President Shell Marine Products: I Mrs limHweeHua, MWster of State for
      194 words

  • AVIATION
    • 563 20 Planes towed closer to runway for takeoff can cut engine running time, he says Reuters [NEW YORK] Virgin Group chairman British billionaire Richard Branson proposed a plan on Wednesday to cut aviation emissions at busy airports, starting at Lorn don's Gatwick Airport. Mr
      Reuters; AFP  -  563 words
    • 532 20 Bloomberg [BANGKOK] Bangkok's new Suvarnabhumi airport, built on the reclaimed Cobra Swamp, opened yesterday to full domestic and international traffic, with 800 soldiers on hand to sort and lug baggage when systems fail. Some flights were delayed and luggage was lost or misplaced when the airport
      Bloomberg; BLOOMBERG  -  532 words
    • 305 20 AFP [HONG KONG] Hong Kong flag carrier Cathay Pacific said yesterday that its billion-dollar takeover of Dragonair has been completed and announced a total of 191 jobs were axed. As part of a restructuring, Cathay said 174 staff, mostly office-based in various departments,
      AFP  -  305 words
    • 464 20 AP (KUALA LUMPUR] A restructuring plan to turn around flag carrier Malaysia Airlines will fail if the government liberalises the country's aviation industry before 2008, the airline's chief executive officer has warned. Idris Jala told Dow Jones Newswires in an interview earlier this week
      AP  -  464 words
    • 242 20 Bloomberg [SEATTLE] Boeing Co, the world's second-largest maker of airliners, won't speed up production to capture new sales in its effort to avoid production line breakdowns, newly named commercial planes chief Scott Carson said. "In this hot market it would be
      Bloomberg  -  242 words
    • 1932 20 Dw>mrM 5Q141 114S SQ142 0935 mvm ;S° «*W* 5Q230 1750 LH9770 2345 1S£ SJS 1SS nra «fS« 22® SQ148 1900 at*»» 7>K SQU7 Wf—9E!44_!215 Antotal ***** 0630 AZ3993 2255 ***** 0550 BOSS 1930 AZ3992 1530 KL838 22S5 7££ i«25 <£1 2030 KL837 1530 U***** 2345 5S
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  • ECONOMY WATCH
    • 680 21 He is against a bill to impose duties on Chinese imports Bloomberg [WASHINGTON] US Treasury Secretary Henry Paulson said he told two legislators that threatening tariffs is "not the right way to negotiate with China". Mr Paulson met
      Bloomberg; BLOOMBERG  -  680 words
    • 372 21 Reuters [WASHINGTON! The World Bank's private sector arm, the International Finance Corp, and IBM inked a deal on Wednesday to design a business management website for small to mid-sized enterprises in developing countries and those run by US minorities and women. The
      Reuters  -  372 words
    • 362 21 But the market will keep sliding till mid-2007, say economists Bloomberg [WASHINGTON] The US housing market will keep sliding the rest of the year, subtracting about one percentage point from secondhalf economic growth, and will bottom out by mid-2007, David Seiders,
      Bloomberg  -  362 words
  • Page 21 Advertisements
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  • MALAYSIA
    • 497 22  -  A plan to offer professional services overseas is in the works By PAULINE NG in Kuaia Lumpur THERE could be more Malaysian engineers, architects, IT specialists, business consultants and educationists advising companies overseas if a plan to export professional skills is successful. Malaysia
      FILE PHOTO  -  497 words
    • 279 22 [KUALA LUMPUR] Bursa Malaysia's planned reintroduction of short-selling, originally scheduled for today, has been deferred to next month, according to a report in Malaysia's Business Times. "The reason for deferment was to make sure that the systems are running smoothly as well as
      279 words
    • 161 22 [KUALA LUMPUR] ECM Libra Avenue Bhd, a Malaysian stockbrokerage. said it plans to cut its workforce by 23 per cent to reduce costs and improve operations, Bloomberg reported yesterday. Employees have been offered an early retirement programme, which is expected to be
      161 words
    • 5578 22 UNIT TRUSTS FUNDS AB Amer income 6 USD 862/ AS Amo Income A EUR..._ 6.78/ AB Amo Income B EUR 6.78/ AM Ainro Asset Mgt (S pore) ABEurop Income Opp AT SGO 15.21/ Star Eirope Eqty' 0.979* ASEwop Income Opp BT SGD 15.1* Star Euope Bond 1-202/ ABEuop Income Opp
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  • Page 22 Advertisements
    • 31 22 I You can now use your CPF savings to invest in AllianzGl Global Allianz (jfi) High Payout Fund. Visit our appointed distributors for more details. Global investors company regn. no **********
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  • INDIA
    • 488 23  -  Investments are rising despite market volatility By iIDDHARTH SRIVASTAVA New Delhi DESPITE stockmarket volatility, figures released recently by the Reserve Bank of India (RBI) have surprised investment analysts. The percentage of household savings that flowed into shares and debentures in the financial year to March
      488 words
    • 335 23 Bloomberg [NEW DELHI] India will get at least US$52 million each from Bharti Airtel, in which Sing Tel has a stake, and its rivals for airwaves that will allow mobile-phone companies to offer videostreaming and similar high-speed services in the
      Bloomberg  -  335 words
    • 310 23 Bloomberg [MUMBAI] ICICI Bank Ltd, India's second-largest lender in which Singapore investment company Temasek Holdings has a stake, said companies will require eight trillion rupees (*****.5 billion) of funding over the next three years to finance expansion as economic growth accelerates. The funding
      Bloomberg  -  310 words
    • 142 23 Bloomberg [NEW DELHI] India, the world's second-biggest iron ore supplier to China, must restrict overseas sales of the main steel-making ingredient to ensure supply to domestic steel producers, Steel Minister Ram Vilas Paswan said yesterday. The South Asian country, the world's
      Bloomberg  -  142 words
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  • GREATER CHINA
    • BRIEFLY ASIA
      • 35 24 Bloomberg INFW DELHI] Mahindra Mahindra Ltd. India's biggest sport-utility vehicles maker in which Singapore investment company Temasek Holdings has a stake, is to buy Jeco Holding AG, a German component maker
        Bloomberg  -  35 words
      • 65 24 Reuters IHONG KONG) China Merchants Bank, the country's sixth-largest lender, said it increased the size of its Hong Kong initial public offering to US$2.6 billion to account for additional demand for shares. It exercised its "greenshoe" overallotment option to sell 220 million shares at
        Reuters  -  65 words
      • 39 24 Bloomberg (HONG KONG] Shangri-U Asia Ltd, Asia's largest luxury-hotel operator, and two other companies controlled by Malaysian Robert Kuok will pay HK5588.4 million (*****.8 million) for Novotel Century Harbourview on Hong Kong island. —Bloomberg
        Bloomberg  -  39 words
    • 473 24 AFP (SHANGHAI 1 The Shanghai corruption scandal that has seen the fall of the financial hub's top politician widened yesterday, with confirmation that another senior government official had been implicated. Sun Luyi. vice-secre-tary-general of the Shanghai municipal committee, had "seriously violated party discipline"
      AFP  -  473 words
    • 386 24 Officials to study if govt policies are cooling markets; Shanghai may impose more curbs AP [SHANGHAI] China's cabinet has ordered top-level investigations of real estate markets in a dozen cities and provinces, the government said yesterday. Teams of officials from the Ministry of
      AP; REUTERS  -  386 words
    • 560 24 Estimated to have doubled in the second quarter to a 2½ year high of US$480m Reuters [SAN FRANCISCO] Western venture capitalists say the flood of money to China is forcing financiers to overpay for investments, but most think they can find the rare bargain
      Reuters  -  560 words
    • 250 24 Reuters [BEIJING] Financial regulators across the world need to work together to keep checks on the increasingly powerful US$l.2 trillion hedge fund industry, China's banking regulatory head said in remarks published yesterday. "Regulators in all countries should strengthen the monitoring of hedge funds
      Reuters  -  250 words
  • Page 24 Advertisements
    • 1431 24 ———~IN THE MATTER OF THE COMPANIES ACTjCAP. 50,1994 Ed) IN THE MATTER OF eh group ltd. (In Members' Voluntary Liquidation) (Company Registration No. *****2046Z) NOTICE OF resolution At an Extraordinary General Meeting of tha NOTICE IS HEREBY GIVEN that the Annual General Meeting of FHTK Holdings Ltd will be held
      1,431 words

  • ASIA-PACIFIC/WORLD
    • 302 25 Chip increases by 50% computing performance AFP [SAN FRANCISCO] Intel revealed on Wednesday that it was poised to release a powerful new computer chip packed with four microprocessors and the potential to wrest back market share from rival Advanced Micro Devices
      AFP  -  302 words
    • 244 25 Bloomberg [BANGKOK] Bangkok Bank Pel, Thailand's biggest lender, has reached an agreement with China Union Pay Co, allowing Chinese visitors to use their credit and debit cards to buy goods in Thailand, it said today. The agreement will give Thai
      Bloomberg  -  244 words
    • 433 25 Company denies CFO's involvement in probe into boardroom leaks Reuters. AP. Bloomberg [WASHINGTON] Patricia Dunn, the former chairman of Hewlett-Packard Co, said she believed that it was her duty to stem boardroom leaks of sensitive information and that the investigation into the
      Reuters.; AP.; Bloomberg; AFFILE PHOTO  -  433 words
    • 206 25 AFP [LONDON] Al-Qaeda leader Osama bin Laden, reported last week to have died, is alive and hiding in Afghanistan, Pakistani President Pervez Musharraf said in an interview published in The Times yesterday. "It's not a hunch," Gen Musharraf said, interviewed from a
      AFP  -  206 words
    • 616 26 Speculation is rife that post will be filled by ex-chief of the military AFP. AP [BANGKOK] Thailand's military rulers said yesterday that they had selected a new prime minister to be unveiled at the weekend and kept in office until they restore
      AFP.; AP; REUTERS  -  616 words
    • 323 26 Only borderless regulation can address problem AFP [LONDON] Leading officials from three of the world's most powerful financial regulators have warned in a joint letter that countries must join forces to help contain risks posed by the explosive growth of derivatives trading, the
      AFP  -  323 words
    • 241 26 [BANGKOK] Former Thai Foreign Minister Surin Pitsuwan, a Muslim with wide international respect, yesterday emerged as a possible last-minute candidate to replace Kofi Annan as United Nations Secretary-Gen-eral, ahead of third informal vote on Thursday. Citing "informed sources", Thailand's Nation newspaper
      241 words
    • 370 26 Hedge fund that lost US$6b thinking of shutting down Bloomberg [NEW YORK] Amaranth Advisors, the hedge fund manager that lost US$6 billion betting on natural gas prices, told investors that it may liquidate if it can't find a buyer for some or
      Bloomberg  -  370 words
    • 452 26 Bloomberg [NEW YORK] The scandal over backdating stock options, used by companies to reward top executives with shares granted at belowmarket prices, has so far cost investors at least US$7.9 billion in market value. More than two-thirds of 117 companies that announced investigations into
      Bloomberg  -  452 words
    • 2267 26 WX. General Corp jO.S8 0.01 250 —i f—1 Genting .24.10 0.10 1417 George Kent .0.52 unch 10 AAMReaity 1.41 unch 3 GHL Systems A22 -0.01 1555 Abric 431 unch 1 Gtobetroma Tecti .030 -0.01 572 ACP trx*jstnes 0.94 0.01 520 GlomacBhd 1.03 -0.02 1098 Advance Synergy 0.18 -0.01
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  • Page 25 Advertisements
    • 414 25 1 1 1 1 1 1 THE 6TH ARTSINGAPORE IS THE BIGGEST ART FAIR IN SOUTHEAST ASIA! H COUNTRIES I 72 ART GALLERIES I THOUSANDS OF ARTWORKS w/7 n n tp V 7 L U If THE CONTEMPORARY ASIAN ART FAIR 28 SEPTEMBER 2 OCTOBER I SUNTEC SINGAPORE LEVEL 6
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  • Page 26 Advertisements
    • 94 26 THAN 10,000* A MONTH^| while keeping your Job. [7 Be Your (f>wn Boss. No Retrenchment Worries H' Highly Popular Global Job Guarantee Program [7 No Prior experience reauired. [7 You will be cjuided step-by-step training to build up your business ST Work Part-Time Earn FulHime Income Very Low Refundable Course
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  • Page 27 Advertisements
    • 2022 27 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUY IT-SELL IT-FIND IT +Sli§jißiT VS/ INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED (Incorporated in The People's Republic of China) Mead Office 55 Fuxingmennei Dajie, Xicheng District, Beijing, China Tel: 86-10-6610 6027, 6610 6026 Tlx: ***** ICBHOCN Fax: (10) 6610 6011 Singapore Branch
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    • 448 27 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OVERSEAS UNION TRUST (NOMINEES) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****6444H NOTICE OF RESOLUTIONS Vt an Extraordinary General Meeting of he Company held at 4th Storey, 80 Raffles tace, UOB Plaza I, Singapore
      448 words
    • 1911 27 grrgs) CH OFFSHORE LTD (Incorporated in the Republic of Singapore) Co. Reg. No. *****0666 D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 30TH ANNUAL GENERAL MEETING will be held at The Board Room, 390 Jalan Ahmad Ibrahim, Singapore *****5 on 18 October 2006 at .2.00 p.m.
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    • 369 27 kith* Matter of The Compantee Act, Cap. SO and bithaMMtaraf iwl (asm mcnq pre ud (fci Members' Votwitary Liquidation) (Company Rejpi No. *****1153R) At an Extraonflnary General Meeting of tha Members of abovenamed company hatd at 88 Wnywig. London. WC2B BAA on 2«th SefXember 2006, tha fcAaim leariuHone wn duty
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    • 342 27 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF HING YIP CONTAINERS PTE. LTD. (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****0663 M Notice of Resolutions for Mtmbtn' Voluntary \Yindino Up (Pursuant to Section 290) At the Extraordinary General Meeting of the members of Hing Yip Container!
      342 words

  • EDITORIAL & OPINION
    • 537 28 EDITORIAL FINANCIAL markets are well-known for their excesses'. When prices explode, traders and speculators get ahead of themselves, price predictions escalate from the merely sensational to the almost ridiculous, and those late to the party lose out. Thankfully, there's a brighter side to all of this
      537 words
    • 845 28  -  With foresight, Singapore has turned business-continuity services into a tidy business ANDY MUKHERJEE SATYAM Computer Services Ltd, the fourth-biggest Indian computer software company, simulated a tsunami this week. No, the company did not recreate giant ocean waves in the southern city of Hyderabad, where
      FILE PHOTO  -  845 words
    • 807 28  -  THE BOTTOM LINE PAUL SAMUELSON PEOPLE on America's Main Street, along with Wall Street bankers and brokers, are terribly confused this autumn. They are uncertain whether six months from now the economy will be in a recession; or, will the Opec-induced spike-ups in prices
      807 words
    • 1197 29  -  As demand elsewhere rises, the share of exports bought by US consumers is falling By SHOBHANA CHANDRA, MATTHEW BENJAMIN Bloomberg El K< >I*l lapan and emerging amund the world are Meaning themsebe* from dependence on the Vmrnran consumer, and economist* say
      Bloomberg; BLOOMBERG  -  1,197 words
    • 211 29  -  LETTER TO THE EDITOR I.u Keehong Singapore I HI I I H to >our report, "I'M I emasek s decisions are commercial IHI. Sept ?7l I think the question posed b> Intlilultnnal In mtnr maga/lne. which you cite in the report, is shallow and
      211 words

  • Page 29 Advertisements
    • 2 29 CHARTING DIRECTIONS
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    • 403 29 jgL >ATc? NOTICES l IN THE MATTER OF THE COMPANIES ACT, CAP.» AND IN THE MATTEK OF SEPPO ENTERPRISES (ASIA) PTE LTD /I— IVKBDCfI THMUay NOTICE OF PINAL MEETING NOTICE IS HEREBY GIVEN pnuini lo Section M of te Compeam Act. C*> 50 thai I Fuml Mcding oi the Member*
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    • 567 29 HAVE YOUR SAY Faeyourlettorsto63l9-t277arcmarf!hemto or wnte to TV Business Times. SPH HQ, 1000 Toa Peyoh North. Podwm level 3. Singapore *****4. We need your ful name, addresa and telephone number for verification. Pita* use temperate language, and bear in mind libel kawv We reserve the nght to etfct and amend
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  • 10272 30 SGX MAINBOARD 52-Wk Tel Last Vol Day Last Quote Div Gr«d Net MCap High Low Code Company Sale ('000) High Low Buyer Sailer Cvr Pit hi 3.5 1 5716 1st Software 2.5 unch 50 2.5 2.5 2.5 3 10.1 11 5 6 3148 8Telecom..... 6 5 -0.5 155
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  • Page 30 Advertisements
    • 35 30 Trade from 20% deposit (5 x leverage) on most slocks Go long or short Competitive financing rates in all markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and indices Competitive Commission charges
      35 words

  • 5957 31 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy yr dy Xyr Sep 27 Index Change Change Change Change Change Change World Index Preliminary 1029.9 0.7 6.2 0.7 4.4 0.7 93 EAFE Preliminary 1031.6 1.3 6.0 1.3 7.2 1.3 12.2 Europe Preliminary
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  • Page 32 Advertisements
    • 993 32 Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN HANJIN PENANG LAX/VCW/MZL OCEAN TRADER RDM/ATW/TLB/NAN STX PO TBN CAM/NFK/MCX/SAV Loads Singapore, E./W. Malaysia, Indonesia A Loads c./W. Malaysia, Indonesia MIDDLE-EAST SERVICE > l>lfUt F.E./S.E.A. 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
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    • 46 32 DST Lines Pte Ltd aittlBlM93ma» (BOOKING AGENT FOR TRAMPER VESSELS) CONVENTIONAL SERVICE MVBM SINGAPORE/DUBAI 5 -11 OCT 2006 50 TONS LIFTING for bookings, Plooso mml to sales@iktlines.com Or callus at 626 ***** *****329 /*****728 or fax *****347 Attention: Mr Anthony Omni or Mr Ng Kah Yong
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    • 1064 32 Interasia RORO SERVICE vßsa/vor xwmi hbcwp) pkg kh io stt I jct MOB EMS 77 SO 4.5 OS/10 10/10 OKHOfMWSST* SO 4.S 71/10 30/10 ottmo awns 74 so 4.s 29/10 02/10 1 AUSTRALIAN RORO SERVKI VBsa/wr [iampqct)|hbghkm)| m m wo sn> aa m jwiswlta MHDOI/54 100 S.O 034VW 1717/09 1919-09
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    • 2561 33 WAN HA! INTERNATIONAL Pit LTD at NO: **********0/R Vx rA iif ma TEL *****588 (14 LINES) FAX: *****163 V\\N i WAN HAI I INFs KUmm Df^ctUM-d500)*****200 V tlHil lini klllhtj ridT1L(03)*****888FAX;(03)*****288P8tT1L(04)*****00FAX:(04)*****99 V JOHTH; (07) *****23 FAX: (07)*****21 51* 1H: (031) *****75 FAX: (031) 32*2714/ *****05 www wanhai ram to KT
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    • 21 33 PLACE YOUR AD HERE The Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 0002
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    • 651 33 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOY SIM PJOAHG COLOMBO N. SHtVA COLOMBO immm—msLmi mi 24 sep 27 sep 01 on INDIRA GAWDHI 0107W 26 StP 27 SEP 30 SEP 03 OCT 07 OCT LAI BAHADUR OIO6E 26 SEP 30 SEP HUIV
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  • Page 34 Advertisements
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    • 611 34 S^H|r=— —gw— —Sirpa{ iamda m Wv> wm pr mm tot urn tt7ttj T*f,fypA i»29w z w_, wm m wtan no Wm vrm I MAMMY*? 9031 M 30/W 61/)6 FACWTAH WW H/1C ***** JKL iff,.. wu vtssa m gy WAT _I M 0344 M/ 09 oT/IP PACIANGKA S3OO 657T6 ***** \S
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    • 119 34 *>*» ■PffWJI n&tt UY 4271 03-04/10 IM2/I0 17-11/101 HUaWIIIGaSHAM 428N 07 08/10 13-15/10 21-23/101 «< i "■nGßttfT 42W 10-11/10 17-19/10 24-25/101 HBHMB Tl&tft rfAXL 430N 14-15/10 20-22/10 28-29/101 gMMßrcaw *****71>/10 ?4 M/1 31-oi/Ti B E!223ißfaa^^o6^»wi^Ewi^n7/i^ ■ffMmMrONGWAN6 111 Os 06/10 13-15/10 23-24/10 1 ■UUU|LBI)GEtaJF 036N 12-13/10 18-70/10 28-29/10 p—jl!6a(gß 067 16-17/10
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    • 444 34 CONVENTIONAL SERVICE ETA SIN LOADING FOR 30 SEP DUBAI, PAMMAM 03 OCT CHENNAI 05 OCT MALE, COLOMBO 15 OCT BOMBAY, CHITTAGONG I( sma i*7o OWNS OPERATES THE YOUNGEST FLEET WITH FOURTEEN 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS B REGULAR WEEKLY SERVICES: B IKAOHSIUNG A CHINESE
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 6624 35 This ETA IT A AArartiwr VmmI Voya«t Tilaptin ETA ETA Advwttur VMM* Voy*9* T.l»p>inn. SIN Dvttn taM Hum Nuwifew Mumim SIN Dot* Mm Nmm Nwubn Niwtii %10 IS/11 Chma Shpg NEW DYNAMIC IJU *****898 To ABIDJAN (ABi) 2003 Cote D'lvoire )ono 23/11 Own Shpg
      6,624 words

  • executive lifestyle
    • Article, Illustration
      1623 36  -  Museums and galleries are becoming the venues of choice for corporate events and product launches, reports PARVATHI NAYAR PARVATHI NAYAR brand is launching a new range of jewellery, and so does the conversation in the space that looks like an art gallery which it is. The unusual venue
      1,623 words
  • Page 36 Advertisements
    • 136 36 Oct's festival-driven H dance revolution PAGE 37 Off The Cuff column has been held over. l I jm >v m m |HH|l Singapore's most stylish and beautiful Sunday Brunch just keeps getting better. Discover why the only place to I for brunch and discover al fresco adventures and buffet W
      136 words

  • ARTS
    • 599 37  -  DANCE Choreographer Boris Eifman has evolved his own dance language from the traditional Russian repertoire, writes CHEAH UI-HOON CHEAH UI-HOON THERE'S no accusing Russian choreographer Boris Eifman of crafting lightweight ballet. In his 30 plus years of experience spanning the old communist Soviet regime to postPerestroika
      599 words
    • 628 37  -  By CHEAH UI-HOON THE dance scene in Singapore might not have flourished as much as theatre or music these few years, but a new dance company and the Esplanade's newly inaugurated dams Festival are fresh moves which promise to invigorate the space. John Mead's Moving Image
      628 words
    • 681 37  -  VISUAL ARTS By PARVATHI NAYAR BELIEF is the title of our inaugural Singapore Biennale. Artistic director Fumio Nanjo has said the use of "seven religious sites as exhibition locations is something never seen before" and serves to distinguish ours from other biennales. Meanwhile,
      681 words
    • 590 37  -  THEATRE By SANGEETHA MADHAVAN WHILE local theatre company The Finger Players suddenly became one to watch after playwright Chong Tze Chien came on board, it is not relying on his pen alone. Artistic director Tan Beng Tian and her band
      590 words

  • HEALTH
    • 1593 38  -  Whether they occur in the lung, large bowel or prostate, cancers diagnosed early offer far better survival rates. TAN SU YEN reports TAN SU YEN CANCER should be associated with survival, not death that was the take-home message of a campaign launched by the
      PHOTOS: JOHN HENG  -  1,593 words
    • 1034 38  -  Breast cancer survivors can look forward to living life to the fullest with breast reconstruction options that are safe and increasingly natural. TAN SU YEN reports TAN SU YEN THERE is good reason for the sustained public education campaign on breast cancer it is
      JOHN HENG  -  1,034 words
  • Page 38 Advertisements
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    • 14 38 mmsmmp ■<§> PACIFIC HEALTHCARE HOLDINGS A fortnightly series brought to you by Pacific Healthcare Holdings
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  • ENTERTAINMENT/WINE
    • 514 39  -  CINEMA 'Little Miss Sunshine' is a comedy at heart and with heart, says GEOFFREY EU GEOFFREY EU THERE are two basic categories of movie comedies: the formulaic, lowest-common-denominator ones with toilet humour and sight gags galore; and the more low-key, bittersweet ones that
      514 words
    • 377 39  -  DVD By PARVATHI NAYAR THE Wachowski brothers' V for Vendetta is adapted, of course, from the famous graphic novel by Alan Moore and David Lloyd, that was written as a response against Margaret Thatcher's England. In the film, Britain is controlled by a
      377 words
    • 574 39  -  By PARVATHI NAYAR THE material of Sergio Machado's Lower City isn't new two men love the same woman but it's given a different spin, thanks to locating the story in the gritty streets of Salvador. The woman in question is Karinna (Alice
      574 words
    • 1098 39  -  By N K YONG WHEN was the last time you had a dessert wine at the end of a good dinner? Dessert wines are one of the casualties of the modern pace of life we do not take the time, or we do
      1,098 words
  • Page 39 Miscellaneous
    • 302 39 CRYPTIC CROSSWORD ACROSS middle aged (8) 1 Accidentally catching some- Misty ale, burn off (7) thing perhaps (11) 7 Sneak had opportunities dur--10 Material from the Big Apple ing days gone by (2,6,5) plus western half of London 8 Make great effort during (5) fight (8) 11 Molar? (9) 9
      302 words

  • 724 40  -  Making Time Special Singapore editions to be launched next Thursday, reports LARRY WEE LARRY WEE IN last month's BT annual watch supplement, we offered a sneak peak at some of the nice watches promised by Sincere's new high horology arm. For those who missed
    724 words
  • Page 40 Advertisements
    • 94 40 This series is brought to you by SINCERE watch academy More than 250 years of uninterrupted history E MALTE CHRONOGRAPHE Caliber 1141 handwound mechanical movement. Column-wheel chronograph mechanism. Telemetric scale with 1-kilometer graduations and tachymetric scale; 30 minute totalizer. Manually engine-turned dial with applied hour markers and a subdial for
      94 words