The Business Times, 18 October 2006

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 32
1 32 The Business Times
  • 19 1 THE BUSINESS TIMES %3D SlFJ^Pdßfi^tente online at http://business-timesasial.com.sg 'A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Wednesday, October 18,2006
    19 words
  • 876 1  -  Performance gap between S'pore, HK appears widening By TEH HOOI LING [SINGAPORE] Hong Kong has outpaced Singapore and Malaysia as the best hunting ground for top performing stocks over the past three, five and 10 years. The 20 best performing stocks in Hong
    876 words
  • 132 1 STI 2,637.70 (-31.85) ST INDEX FUTURES 2,639.00 (-32.00) SIMSCI 317.19(4.01) SIMSCI FUTURES ***** (-5.30) MARKETS Tuesday Chang* KLCOMP 977.23 -6.56 NIKKEI 225 16.611.59 -81.17 HANG SENG 18.014.84 +4.64 SET INDEX 710.74 -6.37 JAKARTA COMP 1.566.82 *5.04 MANILA COMP 2,543.48 -40.72 SEOUL COMP 1,351.30 -5.42 SHENZHEN 8 325.65 -0.96
    132 words
  • 806 1  -  By YEN SREENIVASAN [SINGAPORE] First, the good news: Singapore Airlines yesterday unveiled its new cabins designed to give passengers a more spacious and comfortable ride. Now, the not-so-good news: a ticket on a plane fitted with the posh cabin will cost
    806 words
  • Page 1 Advertisements

  • TOP STORIES
    • 785 2  -  Time for change, says company's third biggest shareholder By ANGELA TAN, CONRAD TAN [SINGAPORE] In a shock development, Robinson Co shareholders yesterday voted out. Michael Wong Pakshong, the board chairman of 10 years, at the company's annual general meeting (AGM). Mr Wong, 74,
      ARTHUR LEE  -  785 words
    • 410 2 Kerzner-CapitaLand takes on rivals ride for ride KERZNER International and Capita Land plan to have attractions at Sentosa that would match those of their competitors ride for ride. A water theme park called Aquaventure would have 14 rides spread over 4.8 hectares, and a capacity for up to
      410 words
    • 679 2 Report says its total stake could be reduced to 48.99% Reuters Reuters ISirSGAPOftE) Temasek Holdings may se]J up to 46 jper cent of Thai telecommunications group Shin Corp to help resolve a dispute over foreign ownership. The sale, which is expected to
      Reuters  -  679 words
    • 813 4  -  Water theme park will have 14 rides with capacity for up to 5,000 people By ARTHUR SIM Kerzner International and Capita Land ijvould have attractions at Sentosa that would match those of their competitors ride for ride. Revealing details of the partners'
      FILE PHOTOS  -  813 words
  • Page 2 Advertisements
    • 216 2 people Your search ends here. www.thepeopleatwork.com Asia-Pacific Executive Search I Proving PR's Worth: I I Steering Measuring PR's Impact I I Workshop I I 27-28 Nov 2006, M Hotel, Singapore B Workshop Agenda High-Return Techniques for Quantifying the Value of PR: Essential Principles of PR Measurement Critical Tools for Measuring
      216 words
    • 41 2 CH\/T A IYT Investment International IMV/\K I Property Expo 2006 21 22 Oct 1 QAM 7PM Hall 402, SUNTEC Singapore REGISTER FOR FREE EXPO TICKET at www.smartexpos.com TEL: +65 6232 2449 3C L.rii Ar mw .J®, Qcimb «r~.r US ebbes Q
      41 words

  • Page 3 Advertisements
    • 341 3 4 T"' Ltfe' 1 ••,i v* IS^III t 9, True Spirit, True Leader ttfe-" v-' V J|§|llf| f| f. -jfL is ■r- K Introducing the II 0 MB I^o I Luxury that also gets your adrenaline rushing. I K I Jf T\ it 1 mßmtz&Lki*# *lk js^K^wKgg^. K fl». ?wn
      341 words

  • Page 4 Advertisements
    • 601 4 Discover Barter As A Phenomenal Business Tool a At first glance, bartering sounds like a historical form of doing business,but upon a proper introduction, barter stands for a comprehensive and modern profit centre for many international businesses. ,Barter to co-founder of ACH Investments Tommy Thompson had meant counter trade, one-to-one
      601 words
    • 70 4 ■H MB MjJ Mjj ISHue Hv Mkl MOST SOUGHT-AFTER PROPERTY H jKj Superb properties on sale from the world's Kek best locations for lifestyle and investment HE Hi m One bottle Kilikanoon Block's Road Cabernet Sauvignon w« Magnum (1,5 L) will be given away at REGISTER FOR FREE WINE TASTING
      70 words

  • COMPANY NEWS
    • 959 5  -  HOCK LOCK SIEW By SIOW LI SEN IN 2002, much was made of the $2.83 million remuneration received by the then chief executive of the Singapore Exchange (SGX), Tom Kloet. His pay was compared, in particular, with that of the chief executive of the
      959 words
    • 420 5  -  Board's proposal could stalemate Vantage and MediaRing By ROLAND LIM COME Nov 7, Mediaßing and Vantage Corp the two largest shareholders of Nasdaq-listed Pacific Internet (PacNet) will play the endgame in their board manoeuvres. But who will checkmate whom at the PacNet extraordinary
      420 words
    • COMPANY BRIEFS
    • 609 6  -  As an investment banker, he brought the deal to UFS and fed financing of bid By WONG WEI KONG pNITED Fiber System JUFS) has named former investment banker Jaka Praisetya as its new chief execu•tive, with the immediate *task of closing
      609 words
    • 568 6  -  By CONRAD RAJ in Qatar KEPPEL Corporation's engineering arm yesterday signed two of its biggest contracts ever totalling a whopping $1.7 billion with the government of Qatar to build and operate the first integrated waste management plant in the Middle East. The
      568 words
    • 329 6  -  By LAUREL TEO EU YAN Sang has poured more than $5 million into a new wellness and lifestyle megastore that is rooted in what it knows best traditional Chinese medicine (TCM). Set to open at Singapore's largest and newest mall Vivocity
      329 words
    • 467 7  -  Distribution income up 19%; occupancy at its highest 97.2% at end-Sept By LESLIE YEE ASCENDAS Real Estate Investment Trust (A-Reit) is paying a distribution per unit (DPU) of 3.16 cents for the second quarter ended Sept 30 up 9 per cent
      FILE PHOTOS  -  467 words
    • 532 7 It prefers Star Hub over Sing Tel but no talks held yet: CEO Bloomberg ORASCOM Telecom Holding SAE, the largest mobilephone company in the Middle East and North Africa, said that it is "interested" in buying telecommunications assets owned by Singapore's Temasek Holdings Pte Ltd
      Bloomberg; BLOOMBERG  -  532 words
  • Page 5 Advertisements
    • 112 5 I fc^»' i i |U < i n > I i t i With our expertise in FX risk, you can overcome every challenge. At Barclays, we explore every nook and cranny to ensure we can price every definable FX risk. Our team of specialists offers tailored and innovative FX
      112 words

  • Page 6 Advertisements
    • 162 6 *.l ORDER FORM Schroders ASEAN HONG KONG Directory 2006/2007 2 EASY WA YS TO ORDEnM Name: Title: Q he q hH Company Name: please make cheque bank draft pa. seg ft>Jß Address: SiMSL Schroders Asean Country: Telephone No.: Fax No.: and mail together with order form to: Schroder Investment Email
      162 words
    • 649 6 l IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KVjfRTVJTI MAP RESULTS PTE LIMITED (In Members' Voluntary Liquidation) Company registration no. *****2690 M At an Extraordinary General Meeting of the Company duly convened and held at 1 Raffle* Place, #29-01 OUB Centre, Singapore *****6
      649 words

  • Page 7 Advertisements
    • 524 7 tii P*-*-;. ~*3r Jr 'k/ W si, W t jdT Jm Kj^.....'. J8 Jgt&W jpr F BE"' Sk^ar Introducing streetTßACKy GOLD SHARES gold ETP traded like a share on the SGX. HHHHHHIHI One Year Since Inception** The largest gold ETF in the world with a fund size of US$7.3 billion
      524 words

  • SINGAPORE MARKETS
    • 554 8  -  STOCKS Activity in the second line was muted, with traders focusing their energies on a few issues R SIVANITHY Senior Correspondent AFTER gaining 178 points or 7 per cent since Sept 1 and setting consecutive all-time highs last Friday
      FILE PHOTO  -  554 words
    • 999 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Oct 17 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy Shares Per Before After Stock Date Director Sell '000 Shr fBOCt fOOO) Asia Enterprise 17-0ct-06 Chong Thim Pheng Buy 881 na t7119 6.26 ***** 6 58 Fragrance Grp 17-0ct-06
      999 words
    • 854 8  -  Compiled by MATTHEW PHAN DBS Group Oct 17 close: $20.50 CITKiROUP RESEARCH, Oct 16 NON-CONSENSUS Sell. 2007E target 5520.35 (from 2006E S$18.90): This is our first Sell on DBS since January 2004. A 19 per cent sixweek rally has in our view priced in much of the 2007E
      854 words
    • 400 8 CURRENCIES Reuters [NEW YORK] The dollar fell yesterday after a mixed bag of economic data did not change the market's view that the Federal Reserve is likely to keep interest rates on hold for the remainder of 2006. Mixed inflation
      Reuters; BLOOMBERG  -  400 words

  • COMPANIES: CHINA STOCKS
    • 536 9  -  Only 26% would consider having foreigners; 'guanxi' still a major factor Reports by JEAN CHUA ABOUT 26 per cent of Chinese companies whether they are state-owned or private enterprises say they would consider hiring a foreign director. Close to half of them
      536 words
    • 599 9 KIM Eng Research has initiated coverage of recent listing China Printing Dyeing, with a "buy" call and a price target of 51 cents. Analyst Gregory Yap expects the second half of the year to be better than the first, thanks to "strong seasonability,
      599 words
    • 405 9 CHINA Sky Chemical Fibre's shares went up as much as 7.26 per cent yesterday after the company said net profit for the third quarter rose 69.41 per cent from a year ago, as new production capacity contributed to higher sales. The
      405 words
  • Page 9 Advertisements
    • 385 9 topHiEsa THINK LttlkKlKSl WHki: m« WW IK Wl« v" 16 17 November 2006 The Legends Fort Canning Park PROGRAMME HIGHLIGHTS J| [DISTINGUISHED SPEAKERS Creating the Future Today! Mr Essa Al Saieh 0 Logistics in Asia: Preparing for Tomorrow Managing Director, International Development, PWC Logistics 0 Adaptive Organisations enabled through Platform
      385 words
    • 180 9 High powered courses for finance profes§kms^ M J» Macquarie Financial Intelligence Series Knowledge leads to opportunity. Macquarie's financial knowledge has helped it become a significant participant in Asian financial markets. Macquarie is proud to offer one-day training courses in Singapore for finance professionals: Visual Basic for Financial Applications 31 October
      180 words

  • SINGAPORE NEWS
    • 528 10  -  Electronics shipment growth down to 0.4% but pharmaceutical exports surge 59.6% By CHUANG PECK MING THE higher official growth forecast for exports this year is still within reach, as non-oil domestic exports jumped 8.3 per cent in September to bring export gains for
      Source: IE Singapore  -  528 words
    • 426 10  -  By OH BOON PING THE ***** event which attracted delegates from far and wide to the annual meetings of the IMF and World Bank in Singapore last month was a resounding success well organised, efficient, not lavish but impressive, Prime Minister Lee Hsien Loong said
      ST  -  426 words
    • 6351 10 UNIT TRUSTS FUNDS ■tnrTnTTTTSHHIHH ABAmef Income AT USD 8.6/ AB Amer Income BT USD 8.63/ ABAmef Income A USO 8.6/ ABN Amro Asset Mgt (Spore) AB AmerIncome8 USD 8.61 fSL' ABAmef Income A EUR 6 86/ SfESSEl AB Amer Income B EUR 6 86/ St 12 AB Eur °P l
      6,351 words
    • 497 11  -  Rebound in office property market adds buzz to tender By ARTHUR SIM THE tender for the Collyer Quay commercial and hotel site closed yesterday with eight bids, despite the site's small size of just 2.67 ha and other potential negatives.
      URA  -  497 words
    • SINGAPORE ROUNDUP
      • 52 11 THE Singapore Institute of International Affairs and its partners the Centre for Strategic and International Studies in Indonesia and the Institute of Strategic and International Studies in Malaysia will discuss the haze pollution affecting countries in South-east Asia with civil society organisations and think-tanks from
        52 words
      • 44 11 HSBC will open a new branch at VivoCity today. The branch, with a floor area of 3,400 sq ft, will offer retail banking and financial planning services. There is a day and night banking centre and two ATMs.
        44 words
      • 41 11 ROYAL Bank of Scotland has appointed Paul McWilliam head of syndicate for the global banking and markets business in Asia Pacific, based in Singapore. Mr McWilliam joins the bank from McWilliam Vega where he was a founding director.
        41 words
    • 343 11  -  By CHEN HUIFEN THE majority of foreign research scientists in the biomedical sciences (BMS) industry are paid on local terms, going by a HR Business Solutions Asia (HRBS) survey. The study, which looks at 302 research scientists from 11 BMS companies, found
      343 words
    • 427 11  -  By NANDE KHIN SPRING Singapore will invest $50 million over the next five years to make the standards and conformance (S&C) infrastructure in Singapore more internationally relevant, recognised and trusted. This will enhance local companies' access to overseas markets. This S&C plan was unveiled
      427 words
  • Page 10 Advertisements

  • Page 11 Advertisements
    • 94 11 Cn\>f A TYT Investment International ijlVlAKl Property Expo 2006 _^§|i§k REGISTER FOR FREE EXPO TICKET at www.smartexpos.com TEL: +65 6232 2449 y «.dkr mnt m QCtMB HH JT a. LF 3 Mkw 3SSBEB 1 HP world tour 2006 nrni ac zotn uctooer uo W Victoria Theatre Bpm TTctete avaiabte at
      94 words
    • 585 11 CS Ck G£ 3. Achieving ISO 9001:2000 status I W W (Sapt 2006) With the commencement of operations, the ISO K certification team, led by the OA department swung into NEPES Pt6 Ltd, an intsrnstional flip action. Within the short space of 6 months, they have chip bumping company pursuing
      585 words

  • ECONOMY WATCH
    • 551 12 Business conditions and consumer sentiment indexes up in Q3: think-tank Bloomberg [KUALA LUMPUR] Malaysia's economy will probably expand this year at a faster pace than earlier forecast, a private research institute said, citing improved confidence among consumers and businesses. South-east Asia's thirdlargest economy
      Bloomberg  -  551 words
    • 641 12 Reuters [SAN FRANCISCO] Two Federal Reserve presidents, who will be voting at a policy meeting of the Federal Open Market Committee next week, said on Monday that the US central bank needed to focus on the risks posed by inflationary pressures. They also
      Reuters; BLOOMBERG; REUTERS  -  641 words
    • 214 12 Bloomberg [BANGKOK] Thailand will boost spending by 9.3 per cent to a record to spur growth after delays in government expenditure and high fuel costs this year curbed consumption. Government spending in 2007 will rise to 1.52 trillion baht (5564.3 billion) from 1.39
      Bloomberg  -  214 words
  • Page 12 Advertisements
    • 175 12 r l iii u jh£L» i v Mm i j J mrf 1 WE I wmm m Mim^ F i W m 1 v mi I m if 2 i 9 188 APm j -C; v-pppasßMg ■*> *i> > GET IT AT HOME ON SATURDAYS And get a copy of
      175 words

  • MALAYSIA/INDONESIA
    • 514 13  -  But charges are still below Indonesia, Philippines and Vietnam By S JAYASANKARAN in Kuala Lumpur AFTER years of depressed prices, Malaysia's hotels have begun to recover, with room rates moving sharply higher and shares in Shan-gri-La, Malaysia's only pure hotel play, rising
      BLOOMBERG  -  514 words
    • 234 13 Bloomberg [JAKARTA] Indonesia will reconsider a plan to build a US$l.26 billion gas pipeline linking Borneo and Java islands, which may cut Indonesia's export of the fuel, President Susilo Bambang Yudhoyono said yesterday. Java's Cepu field, an area under development by Exxon Mobil
      Bloomberg  -  234 words
    • BRIEFLY ASIA
      • 83 13 Reuters [SHANGHAI] Investors sold the listed funds of one of China's leading fund management firms yesterday after its top executive was detained in a corruption probe. Han Fanghe, general manager ofHuaan Fund Management Co, was removed from his position in the company after government investigators
        Reuters  -  83 words
      • 66 13 Bloomberg [KUALA LUMPUR] Sime Darby, Malaysia's second-biggest publicly traded company by sales, denied a report that it may win a contract to build submarine cables linking the Bakun hydroelectric dam on Borneo island with the Malaysian peninsula. Malaysian Resources Corp also denied the report,
        Bloomberg  -  66 words
      • 64 13 AFP [MOSCOW] Rosneft, Russia's second largest oil producer, and China National Petroleum Corporation (CNPC) have created a joint venture to produce and sell hydrocarbons, Rosneft said in a statement yesterday. "The new joint venture company was established primarily to conduct exploration work in Russia
        AFP  -  64 words
      • 62 13 Reuters [TAIPEI] Chinatrust, Taiwan's top credit card issuer, yesterday said it was being investigated over its stake purchase in bigger rival Mega Financial. Investigators questioned some of Chinatrust's executives late on Monday, Charles Lo, chairman of Chinatrust Commercial Bank, the company's banking unit, said. Chinatrust's former
        Reuters  -  62 words
      • 80 13 Bloomberg [BANGALORE] Tata Consultancy Services, India's biggest computer- services provider, secured Chinese regulatory approval for its venture with Microsoft Corp, moving ahead with a strategy to shift work to lost-cost regions. "We're absolutely on schedule," Tata Consultancy CEO S Ramadorai said in
        Bloomberg  -  80 words
    • 395 13 But it'll scout for opportunities for GCC if asked [KUALA LUMPUR] Kuwait Finance House (KFH), one of the world's largest Islamic banks, has denied a report that it is in talks to acquire a stake in banking group Rashid Hussain Bhd (RHB), reports
      395 words
    • 207 13 Bloomberg [KUALA LUMPUR] IJM Corp, Malaysia's secondbiggest builder, Road Builder (M) Holdings Bhd and RB Land Holdings Bhd will be halted from trading today pending an announcement on share transactions. The three companies announced the trading halt of their shares in separate
      Bloomberg  -  207 words
  • Page 13 Advertisements
    • 52 13 Dj ners Qub Card r o w >/,,c«/?64i***** A World of Exclusive Privileges Treats Diners Club BSKI IJMmit J- v" International' IaHiUB MIX Changl Airport T1 #021-023J OUB Centre #01-21 A Raffhi* City Shopping Centre #B 1-81/82 15% off total bill Only when vou charae to vour Diners Club Card.
      52 words
    • 166 13 ■Sr. **mc*vMMfa...... I 1) HttKWbnq Outlet s w OtyUnk Ml 081-19 Etpienede M*» #01-130 :wC\- tr" I Kovn MeerOend f*e» '01-133/135 Marwta Square JUI (Center Stage) 002-139 C Spongy* *01 03 Exclusively for Diners Club Cardmembers: Lunch tp«ct«l« 1 main court# 1 qutnchtaf Rom OUnh with um« TW»«t at $10
      166 words
    • 174 13 Get your favourite source of news from SPH's range of newspaper publications while in Jakarta, Indonesia! raptofc The Straits Times, The Sunday Times, The Business Times and Lianhe Zaobao TJ Commercial Services Jin. Surya Permata 111 N0.47 Garden Jarkarta Barat Look out for more news agents f fc coming your
      174 words

  • GREATER CHINA/INDIA
    • 494 14  -  They should not quit for 'personal reasons' when their firms face crisis, says SFC chief By JANE MOIR in Hong Kong THE head of Hong Kong's securities watchdog has issued a stern warning to directors who bail out of troubled companies under the
      REUTERS  -  494 words
    • 273 14 Reuters [SHANGHAI] Asia-focused Standard Chartered yesterday said it planned to register as a local bank in China and issue credit cards in the country next year. The plan could make Standard Chartered the first foreign bank to issue credit cards in
      Reuters  -  273 words
    • 335 14 NYT [SHANGHAI] Wal-Mart Stores, the largest retailer in the US, is poised to become the biggest foreign chain in China with the US$l billion purchase of a major foreign-run retailer here, according to people briefed on the deal. The move represents a large
      NYT  -  335 words
    • 163 14 Reuters [LONDON] Anglo-Dutch steelmaker Corus Group said yesterday it had received a takeover proposal from India's Tata Steel Ltd as the two firms closed in on an agreed £4.1 billion (5512.1 billion) deal. Corus said it had received a 455 pence-per-share cash
      Reuters  -  163 words
    • 432 14 [HONG KONG] Hong Kong Exchanges Clearing (HKEx) said on Monday that it granted a waiver to Industrial and Commercial Bank of China allowing warrants on the stock to be traded on the day ICBC shares begin trading on the main
      432 words
    • 2318 14 vol Gamuda 3.94 -0.08 650 Oct 17 RM W- ('MM) General Corp .a 0.65 0*4 241 Gerrting 3635 -0.50 1041 A 4 M Realty 1.37 unch 1 George Kent .0.55 unch 110 Abric 0.32 unch 15 GHl Systems 0.23 unch 3112 ACP Industries 1.18 0.20 7124 Globetronics Tcdi
      2,318 words
  • Page 14 Advertisements
    • 59 14 ************************* l great racffo gjjvettsingi MteflS for your I praHGctSan I BSoowz.^ i Whether you are launching a new sr o b r n9 1 team at rad/091 call 6353 6100 or emSIT I advertise@radio9l3 com I ands^ e h °w we can really push inlnßSiiiiii Radio 91.3 is managed
      59 words
    • 49 14 >> ,s rifl*!. win i C0 "rrrm l r Tir.«ns I I <r i V-•; >. 1 l. A! I-1. I f -M t I v. If; I Mi' AND RECEIVE A FAST FURIOUS: TOKYO DRIFT DVD POSTER! •J4» u 'i jl},' •kui < II ST 5 OCTOBER ISSUE OUT
      49 words

  • MIDDLE-EAST
    • 879 15  -  In 2005, Arab Heavy Industries' revenue rose 22% to $53m, profit up 9% By CLARENCE MICHAEL in Dubai UAE-BASED Arab Heavy Industries (AHI), which is 33 per cent owned by Keppel and managed by Keppel Shipyard, a division of Keppel Corp, from November
      FILE PHOTO  -  879 words
    • 642 15 GCC countries record impressive GDP growth IDUBAI] The Gulf Cooperation Council (GCC) region, which accounts for a major share of the investable Arab capital of US$2.3 trillion, will be able to retain 60 per cent of its money through investments within the region by 2015,
      BLOOMBERG  -  642 words
    • 210 15 Bloomberg [BAHRAIN] Gulf Finance House, a Bahrain-based Islamic investor, plans to start building resorts in Marrakech and Tangiers by the end of the year as part of a US$l.4 billion project. The first phase of the "Gateway to Morocco" project will include construction of
      Bloomberg  -  210 words
  • Page 15 Advertisements

  • ASIA-PACIFIC/WORLD
    • 613 16 LATEST US DATA Gasoline drops 22.2% in biggest 1-month decrease on record; energy costs down 8.4% AP [WASHINGTON] Wholesale inflation in the United States plunged by the largest amount in more than three years in September as a record drop in gasoline prices offset
      AP  -  613 words
    • WORLD WATCH
      • 83 16 AFP [TOKYO] Sony Corp warned yesterday that it may miss its earnings targets as the company's defective battery troubles spread to its own computers for the first time in another setback to its fragile recovery. The Japanese electronics giant said it was recalling
        AFP  -  83 words
      • 89 16 Bloomberg [TOKYO] Toshiba Corp, Japan's largest chipmaker, said first-half profit more than doubled, led by earnings from its unit that includes Westinghouse Electric Co. Net income rose to 38 billion yen (*****.5 million) in the six months ended Sept 30, from 14.6 billion
        Bloomberg  -  89 words
      • 88 16 AP [NEW YORK] Merrill Lynch Co, the nation's largest brokerage, yesterday reported third-quarter profit more than doubled on a huge one-time gain resulting from its deal with money manager Blackßock Inc. Quarterly profit attributable to common shareholders was US$3 billion, or US$3.l7 per
        AP  -  88 words
      • 69 16 Reuters [LONDON] The music industry has launched a fresh wave of 8,000 lawsuits against alleged file-sharers around the world, escalating its drive to stamp out online piracy and encourage the use of legal download services. The International Federation of the Phonographic Industry (IFPI) said
        Reuters  -  69 words
    • 396 16 Bloomberg [BANGKOK] Thailand's Cabinet endorsed Tarisa Watanagase as Bank of Thailand Governor, making her the first woman to head the regulator. Ms Tarisa, a 31-year veteran of the central bank, was a deputy governor heading the financial institutions' stability department before replacing Pridiyathorn
      Bloomberg  -  396 words
    • 495 16 Bloomberg [NEW YORK] RWE AG, Europe's third-largest utility, agreed to sell its Thames Water unit for £4.8 billion (SSI4 billion) to a group led by Australia's Macquarie Bank Ltd to focus on growing energy markets. The utility will book a gain of
      Bloomberg; AFP  -  495 words
    • 431 16  -  By RAVI KANTH in Geneva SINGAPORE is ranked third in Asia for attracting inward foreign direct investment, or FDI, a new United Nations report says. The Republic received more than US$2O billion worth of such investment last year largely in the hightech
      AP  -  431 words
    • 534 16 Bloomberg [TOKYO] Japan's Finance Minister Koji Omi yesterday welcomed the decision by the Russian central bank to buy more of the Japanese currency for its foreign exchange reserves. "It's up to each central bank to decide how to compose foreign
      Bloomberg  -  534 words

  • MOTORING
    • 882 17  -  Number of firms seen trebling from 25 in 2004 to around 70 in 2008 with $1b in contract revenue By SAMUEL EE THE number of Singapore companies involved in the lucrative automotive supply business is expected to treble after just four years and
      882 words
    • 443 17  -  By SAMUEL EE DODGE is entering the Singapore market its sights set on younger buyers with attitude who want something other than a popular Japanese model. Last Friday, the American brand launched the Caliber, a five-door compact hatchback with sporty crossover styling and distinctive flared arches.
      443 words
  • Page 17 Advertisements
    • 140 17 t I 4i *Bfc -A.,. H rll SYAHID'S BIGGEST <L± skW I DREAM IS TO BE A SCIENTIST. V' f\ YOU COULD HELP ™"^jMAKE IT A REALITY. it> _i Last year, nearly 8,000 students benefited from The Straits Times School ■HHHHH /P -Jf ll)€L Pocket Money Fund.The fund provides pocket
      140 words

  • SECTOR REPORT
    • 1094 18  -  VIKRAM KHANNA looks at three key trends in the transformation of Singapore's economy in the last 30 years VIKRAM KHANNA The changed face of manufacturing and services The Singapore economy has changed significantly since 1976. In terms of size it has grown by more than
      FILE PHOTO  -  1,094 words
    • 506 18  -  By VIKRAM KHANNA THE Singapore economy has weathered many shocks and crises since 1976, including the oil shock of 1980/81 and the subsequent global recession, the domestic recession of J 1985/86 and the Sars breakout of 2003. But for sheer scale and intensity,
      506 words
    • 654 19 CWT was one of the earliest container depot operators and trucking companies in Singapore, with the initial shareholders being notable names: PSA, DBS Bank, Intraco and NOL. Set up in 1970, the company was formed to prepare for the advent of containerisation in Singapore.
      654 words
    • 1447 19  -  As part of our 30th anniversary celebrations, MINT KANG traces the roots of global trade and its evolution over the past three decades MINT KANG THE 1970s were years of increased international trade and, for Singapore, a decade of economic growth. The entrepot trade having been
      FILE PHOTO  -  1,447 words
  • Page 18 Advertisements
    • 188 18 ;V jl I Our mission is to help Singapore-based enterprises grow and internationalise successfully. An agency M' under the Ministry of Trade and Industry responsible for developing Singapqre's external economic i wing, International Enterprise (IE) Singapore can help smoothen your journey towards becoming a li riE k f*i jig world-class
      188 words

  • Page 19 Advertisements
    • 278 19 T§l Tap on Our Services to Help You Venture Abroad Enhance Your Export Competitiveness Resource Centre www.ieslngapore.com One-to-one Company Consultations Fundamentals of Free Tirade Agreements (FTAs) CD-ROM Our Resource Centre is a rich reserve of vital A wide range of services and resources is To promote the utilisation of Singapore's
      278 words
    • 20 19 This Sector Report is brought to you by IE Singapore, in conjunction with the 30th anniversary of The Business Times.
      20 words

  • AVIATION
    • 442 20 United, American, Continental and Northwest vie for new direct flights AP [DALLAS] Four US airlines bidding for new non-top routes between China and the United States took their last shots at each other on Monday. American Airlines, which proposes to fly between Beijing and
      AP; BLOOMBERG  -  442 words
    • 568 20  -  Traffic volumes expected to grow 10% per annum By OUR CORRESPONDENT in Bangkok THAILAND'S newly opened Suvarnabhumi International Airport is looking to expand its passenger capacity soon, due to a surge in traffic volume, a leading government official said yesterday. Suvarnabhumi, which means land of gold,
      568 words
    • 169 20 Bernama [JOHOR BARU] Loss-making Malaysia Airlines (MAS), which is expected to return to the black next year following the implementation of its turnaround plan, is no longer the "choice" airline among Malaysians, the president of a local travel association said. Bumiputra Travel and Tour Operators
      Bernama  -  169 words
    • LOG BOOK
      • 108 20 Reuters [LUXEMBOURG] The European Union (EU) signed on Monday a deal giving US law enforcement agencies easier access to air passenger data, ending a legal limbo for airlines, the EU presidency said. The agreement, clinched on Oct 6 after tough talks, enters
        Reuters  -  108 words
      • 93 20 Reuters [LONDON] Madrid's new airport building, designed by the Richard Rogers Partnership and Spanish partners Lamela Studios, has won Britain's Stirling prize for architecture. "It's a hymn to travel, to the excitement of travel," Richard Rogers said of the new terminal and its satellite building
        Reuters  -  93 words
      • 63 20 Bloomberg [HONG KONG] The Hong Kong International Airport, Asia's third-busiest airfield by passenger numbers, handled 6.8 per cent more people in September than a year earlier because of the growth in transfer passengers. Passenger numbers at the airport rose to 3.5 million last month
        Bloomberg  -  63 words
    • 510 20 Bloomberg [SINGAPORE] Tiger Airways, the discount carrier partly owned by Singapore Airlines Ltd, exercised an option to buy eight A32os from Airbus SAS to expand routes as it faces increasing competition. Tiger Airways will take delivery of the new planes between 2008
      Bloomberg  -  510 words
    • 2223 20 CITY FUCHT ETA FLIGHT ITD Btat Misae 1910 msn osos AW, $0456 1340 S2081 0630 S2082 0910 LH9771 1750 2*5 g" AimUrtUm L***** 0630 AZ3993 2255 QF3954 1650 OF3955 2300 ***** 0630 KL838 2255 Dtnostar m jM, AZ3992 1530 L***** 2345 M |9 Ji 2£ |S]2
      2,223 words
  • Page 20 Miscellaneous
    • 189 20 CRYPTIC CROSSWORD 26 down being perceptive! (5-4) YESTERDAY'S SOLUTION 1 Firm support for venomous Sulphur is best minor injuries Across: 1 Trimmer, 5 Risible, 9 striker (5) Reign, 10 Light-blue, 11 Whitebait, 2 Where cars may be sold by 14 Good landlord won't be dis- 12 Scorn, 13 Nominee, 14
      189 words

  • SHIPPING
    • 748 21  -  MARITIME CAREERS SMF promoting maritime field as an evergreen and vibrant industry By GEORGE JOSEPH [SINGAPORE] Singapore is at the epicentre of the Asian maritime trade, but it is desperately crying out for more trained maritime professionals. But this
      748 words
    • 572 21  -  The industry offers a myriad of exciting challenges By GEORGE JOSEPH [SINGAPORE] Is the maritme industry a male dominated sunset industry? If that is the popular belief, the Singapore Maritime Foundation (SMF) will have nothing of it. It fired its first salvo to demolish the
      ARTHUR LEE  -  572 words
    • 272 21 Reuters [SINGAPORE] ConocoPhillips was ordered to pay a US$2.3 million settlement by the United States government for an oil spill involving its shipping arm two years ago, the US Coast Guard said yesterday. "Today's settlement with ConocoPhillips sends a strong signal to the
      Reuters  -  272 words
    • 858 21  -  STRAIT TALK By DAVID HUGHES THE current shipbuilding boom shows every sign of continuing for several years yet, leaving some us with vivid memories of the collapse of the late seventies and much of the eighties more than a little perplexed.
      858 words
    • 206 21 Anderimar Shipping News [LONDON]" Tanker owners' group Intertanko has slammed states for not ratifying the IMO convention banning tribuyltin (TBT) anti-foulings. The International Convention on the Control of Harmful Anti-fouling Systems on Ships was adopted on Oct 5, 2001 but so far only
      Anderimar Shipping News  -  206 words
  • Page 21 Advertisements
    • 94 21 "SHIPOWNERS Ship Registration |Mv International Ship Registries (ISR) provides fast efficient service for registration licensing of w rv ships under various flags. Ship Classification International Ship Classification (ISClass) is an \mj independent organization providing classification ISCtatt services for newbuildings existing vessels as well as statutory surveys certification on behalf of
      94 words

  • EDITORIAL & OPINION
    • 540 22 EDITORIAL WHETHER the current oil price slump is a brief aberration or a major downturn ultimately depends on whether the US economy heads for a soft or hard landing. Thanks to record oil prices that prevailed through most of this year, there have been growing
      540 words
    • 761 22  -  THE BOTTOM LINE FRANK CHING FOR the second time in three months, China joined the members of the 15-nation United Nations Security Council in adopting a resolution highly critical of North Korea, this time for the detonation of a nuclear
      761 words
    • 1477 22  -  The skills gap reflects the narrow availability of high-quality college education in India and the galloping pace of the country's service-driven economy By SOMINI SENGUPTA NYT AS ITS technology companies soar to the outsourcing skies, India is bumping up against an improbable
      NYT; AFP  -  1,477 words
    • 1208 23  -  Lucrative market poised to become even more competitive when more foreign players establish their presence By TIAN TIAN CHINA'S fund management industry, which was non-existent just a decade ago, has been receiving an increasing amount of attention from foreign institutions. The foreign fund
      Source: China Knowledge Financial  -  1,208 words
    • 307 23  -  LETTERS TO THE EDITOR Teoh Sian Chew Subang Jaya Malaysia I REFER to recent articles covering the debate on Malaysia's New Economic Policy (NEP). The NEP was formulated almost 30 years ago to achieve certain socio-eco-nomic targets. Various measures were undertaken to achieve
      307 words
    • 300 23  -  Victor Ughoro International Student Singapore I REFER to the report, "MPA to focus R&D on shipping port, offshore engineering" (BT, Oct 13), quoting the CEO of the Maritime and Port Authority (MPA), Tay Lim Heng, on maritime manpower development^ He highlighted that the MPA is
      300 words
    • 720 23  - Russia —the rising energy superpower Its petroleum exports alone last year brought it a cash windfall of more than US$l00 billion By MARSHALL I GOLDMAN GIVEN the way Russian oil companies have traditionally disregarded pollution control, it does seem odd that the Russian Ministry of Natural Resources has decided to
      720 words

  • Page 23 Advertisements
    • 104 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to bttetterOsph. com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind
      104 words
    • 223 23 Lianhe Zaobao I Debate over I I role of I I Intensifies I I in China cJ DBS BANK UD fltDß** (Incorporated in the Republic of Singapore) W*— NOTICE OF CLOSURE OF BOOKS FOR Ssl r loo,ooo,ooo 6% NON-CUMULATIVE PREFERENCE SHARES ("PREFERENCE SHARES") Notice is hereby given that the Share
      223 words

  • 10217 24 SGX MAINBOARD I* l*t Vol Day Last Quote Df* GrVW Met MCap High Low Code Company Sale rOOO) High Low »uy«f Salhr Cvr fit Snill 35 1 5716 1st Software 2.5 unch 50 2.5 2.5 2 2.5 101 115 6 3148 STelecom 7 6.5 7 4.9 2.7 7
    10,217 words
  • Page 24 Advertisements
    • 35 24 Tirade from 20% deposit (5 x leverage) on most stocks 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

  • 5764 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool ciift I* SS In U» X dy %yr dy yr %dy Syr Of 1* ind«a Oanyr Chjn.;< Oxnq« Q>wg« Chawq* ***** 03 93 02 63 0.4 11.6 t EAFE PreHnwlag 1068.7 04 9J 05 12 07 146 1445.6 0.2 12-2 0.2
    5,764 words

  • Page 26 Advertisements
    • 2136 26 jINTIRASIA RORO SERVICE VBsa/VQT mrgT) hbghud kg «h ig I s jkt OKHID EXPKSS 79 SO 4.5 21/10 30/10 STUITSEXMSSSI 30 4 OS/11 30/10 01/11 1 AUSTRALIAN ROUP SKVKI J vßsa/vor I bated I hbghtwl lo i sh m sro m mm jwiswito MBOtM/057 100 S.O OUX/10 11-11/10 11-21/10 23-24/10
      2,136 words

  • Page 27 Advertisements
    • 1491 27 WAN HAI INTERNATIONAL PTE LTD CRNftIWSttOOOO/R VrrA TEL:*****558 {14UWS) F«r*****163 \AM 1 WAN HAI I |Nr\ Swvk^/lookfcgsDfrwctUw (1800)6W61 ?00 11V wlflll llnl LHILJ naiH;(o3) *****8MFU: (03)*****91 W1TH;(04)*****00MX:(04)229t«99 V JOH TH. (07) *****23 FAX: (07)*****71 SUt TR; (031) *****75 NUL (031) *****)4/ *****05 WWW wanhai (OIK la «TnU1071)*****«FU:t02))*****nPU118;7)i3M/71UII HUL *****9 www.wanwgi.tpm.ig
      1,491 words
    • 1147 27 |~jn EASTERN CAR LINER, LTD yj 1 SPECIALIZE IN ROUP 4 HEAVY LIFT OPTO 450 TONs"~| lamu-Asusßma I voy iMp|uhta|| sm I tpp I puoq I pkkw) I pnn jkt 3 10 wti M Ihiorng I FRIENDLY SKY 25 60 ""iW l»/10 22/10 24/10 mtm ~i —i —sr-fl7ir~ —m —m
      1,147 words
    • 678 27 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VKSa VOT SIH PJOAN6 COtOMO W. SHTVA COLOtHO KOTAffIITAMt YFMO4S 10 00 lion 14 on 17 OCT 21 on HOWUHIUDGE OOS6W 17OCT HOG 21 OCT 24OCT 21 OCT OUOMM YPWO93 24 OCT 25 OCT 21 OCT
      678 words

  • Page 28 Advertisements
    • 1484 28 VESSEL VOY PKL SIN KARACHI DXB BAB NHS PMM BIK KHOR~~I IRAN TABATABAEI PCL 8164 19/10 20/10 30/10 02/11 03/11 09/11 11/11 13/11 IRANSHAHRYAR PCL 5166 02/11 03/11 12/11 15/11 16/11 22/11 24/11 26/11 IRAN SATTARI PCL 8168 08/11 09/11 16/11 21/11 22/11 21/11 30/11 02/12 VESSEL VOY SIN NHAVA
      1,484 words
    • 484 28 (OMVEHTIONAL SERVICE ETA SIN LOADING FOR 19 OCT MAlf, COLOMBO 20 OCT BOMBAY, CHfTTAGONG 24 OCT DUBAI, DAMMAM 25 OCT CHENNAI life GLORY NAVIGATION GROUpI I( SMCf 1970 OWNS A OPERATES THE YOUNGEST FLEET I WITH FOURTEEN 7,000 DWT TWEEN DECKERS I COVERING a THE ENTIRE ASIA PACIFIC PORTS jj
      484 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6343 29 This ETA FT A Advertiser Vessel Voyage Telephone HA ETA Advertiser Vessel Voyage Telephone' SIN Desfn Name Name Number Number SIN Oesf n Name Name Number Number 02/11 22/11 China Shpg MEDIAN 035A *****898 To ABIDJAN (ABJ) 2003 Cote D'lvoire To FREMANTLE (FRE) 2130
      6,343 words

  • executive Money
    • Article, Illustration
      1081 30  -  Lifecycle funds don't boast a sexy angle or trumpet spectacular returns. But they do give out perfectly respectable returns and are well-suited for retirement needs. GENEVIEVE CUA reports GENEVIEVE CUA HOW much of a nest egg do you need to accumulate if you're to live out a
      1,081 words
    • 580 31  -  An AIA poll shows most Singaporeans don't think they are able to cover a sudden loss of income, and don't know if they have enough savings for retirement Reports by GENEVIEVE CUA SINGAPORE registers the highest level of insurance penetration of four territories in the region,
      580 words
    • 405 31 THE rough rule of thumb that you need to save for a retirement income that is about three-quarters or twothirds of your last drawn pay is likely to understate your actual needs. In a presentation last week during a retirement conference. National University of Singapore
      405 words
    • 1191 32  -  MONEY MATTERS CLEMEN CHIANG NEWS headline: Crude oil crosses US$lOO a barrel! Although it was once unbelievable, this reality is inevitable. Investors could make lots of money if you understand the overall game plan of oil. The winners in this game are ener-gy-related
      Source: Energy Information Administration  -  1,191 words
  • Page 30 Advertisements
    • 500 30 r' r :g2*x■*!:--- .v. v :-i L Enhanced returns on SGD of 5.25% per annurrf M' JF v-. V A".' V HHHW A^MBBHBBMMMBM|M|^M| v 7^%^': y v"> Bank of China Limited The Koreaqßtapment Bank Malayan Banki^^|^H W Offer Period: From 9 October 2006 to 3 November 2006 (subject to extension
      500 words
    • 11 30 MONEY MATTERS Make rising oil prices work for you pg 32
      11 words

  • Page 31 Advertisements
    • 561 31 The global name in CFDs CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. //:r\ £3 Of) CllO IGo long margin, putting up a fraction of the full contract value. 'k tS m Guaranteed market prices, and low commissions 24-hour dealing on global markets m
      561 words
    • 105 31 WW NANYJMfegjBg? It;'" Nanyang Business School v Nanyang Executive t Programs At The Cutting-Edge of Asian Executive Education v BerkeleyNanyang Advanced Management Custom Programs Pr°g ram yy e a SO offer corporate in-house training 15-24 November 2006, Singapore programs specially tailored to meet the 5-16 March 2007, USA specific needs
      105 words

  • Page 32 Advertisements
    • 88 32 More than 250 years of uninterrupted history Caliber scale totalizer. Manually markers a for the Diameter 41.5 mm. Sapphire-crystal caseback. Water-resistant to 30 meter (-100 feet). Standard buckle. White Gold. *****/000G-9098 >* VACHERON CONSTANTIN Manufacture Horlogere. Geneve, depuis 1755. Vacheron Constantin Boutiques Singapore: Ngee Ann City Malaysia: Kuala Lumpur Plaza
      88 words