The Business Times, 9 November 2006

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Total Pages: 30
1 30 The Business Times
  • 27 1 THE BUSINESS TIMES ■IF th ANNIVERSARY %s$ Thursday, November 9,2006 SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg JT a Singapore press holdings publication mica (P) 099/03/2006
    27 words
  • 604 1  -  4 out of 5 manufacturers made operating surplus in S'pore in 2005 one of the highest ratios in Asia By CHUANG PECK MING [SINGAPORE] Japanese manufacturers are pumping more money into China, but more of them are making money in Singapore. Four out
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  • 147 1 ST! 2,735.30 (-13.92) ST INDEX FUTURES 2,737.00 (-11.00) SIMSC1 332.10 (-0.89) SIMSCI FUTURES 332.30 (-1.60) MARKETS Wednesday Change KLCOMP 1007.29 +4.01 NIKKEI 225 16.215.74 -177.67 HANG SENG 18,***** -128.07 SET INOEX 738.93 >0.03 JAKARTA COMP 1 -8.09 MANILA COMP 2.755.28 -37.46 SE OU L COM P 1.380.07 -737
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  • 765 1 US CONGRESSIONAL ELECTIONS Bilateral FTAs with Asia nations likely to be affected IHT [SINGAPORE! The victory by the Democratic party in US congressional elections appears to have left President George Bush hampered in his efforts to push through free trade agreements (FTAs) being negotiated
    IHT; Source: BBC News  -  765 words
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  • TOP STORIES
    • 638 2  -  Shares at 5-yr-high on 19% rise in profit; maiden 4.6% interim dividend By SIOW LI SEN •{SINGAPORE] Yesterday Iwas a good day for shareholders of Singapore's tyvo •major telcos, with both better-than-expec-♦ted quarterly earnings and •springing dividend surprises. Singapore Telecom's •Stock finished the day
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    • 662 2 Democrats re-take House r of Representatives RESURGENT Democrats won control of the US House of Representatives and were two seats short of a majority in the Senate in an election day blow to President George W Bush. Democrats rode to victory on a powerful wave of public anger
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    • 699 2 Companies will get time to adjust to any new structure !n Bangkok IN the face of dwindling foreign investor confidence as government investigators look into the Temasek Holdings buyout of Shin Corp. the Thai Ministry of Commerce now says it Is undertaking a.
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    • 702 4 US CONGRESSIONAL ELECTIONS They are two seats short of taking majority in Senate —AP. LAT, AFP. IHT [NEW YORK/WASHINGTON] Resurgent Democrats Won control of the House of Representatives and were two seats short of a majority in the Senate in an election day blow to US President
      —AP. LAT, AFP. IHT; AFP  -  702 words
    • 733 4  -  They are united in their aim to restore investor confidence By MICHELLE QUAH [SINGAPORE] The world s biggest accountancy firms united yesterday in a call to make financial statements more meaningful for investors. Their proposals could result in some of the most
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    • 21 2 HOT IPO Attract mors interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sphcom.sg.
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  • Page 4 Advertisements
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  • COMPANY NEWS
    • 409 5 TELCO FOCUS Net income at $81.4m or 3.94 cents a share; sales at $460.6 m, up 16% Bloomberg STARHUB Ltd, Singapore's second-largest telephone company, said thirdquarter profit rose 25 per cent as it signed up new customers for services from mobile phones to cable
      Bloomberg  -  409 words
    • 871 5  -  HOCK LOCK SIEW By SIOW LI SEN §M G'S entitled to his I I opinion and we work hard to prove him wrong," said outgoing Singapore Telecommunications chief Lee Hsien Yang yesterday of a warning by a Merrill Lynch analyst. The analyst had earlier predicted
      871 words
    • 542 5  -  By JANE MOIR in Hong Kong HONG KONG finance chiefs ducked questions over the contentious PCCW share sale yesterday during a ques-tion-and-answer session with lawmakers that reflected growing concern over the controversial deal. The sale of a 22.6 per cent stake in
      542 words
    • 186 5 IF a city's sophistication can be measured by how much attention it pays to its canine residents think New York's dedicated dog hotels Singapore has arrived at another level. This year's Singapore Exchange (SGX) Bull Run, to be held tomorrow evening,
      186 words
    • 444 5  -  Bukit Sembawang, Hong Fok, Hwa Hong on 'buy' list By UMA SHANKARI WITH most first-tier property stocks- reaching full value, research firm CIMB has taken its hunt to sec-ond-tier names to search for bargains and in the process, identified property companies Bukit Sembawang, Hong Fok
      444 words
    • 673 6  -  Tuas recycling plant to be leased, some assets to be sold to 50-50 joint venture Reports by MICHELLE QUAH CENTILLION Environment Recycling the company that grew out of the ruins of collapsed waste recycler Citiraya Industries signed a deal yesterday with the world's biggest
      673 words
    • 215 6 VEOLIA Environnement Asia CEO Jorge Mora yesterday described the deal between Veolia and Centillion Environment Recycling as a "coming together of lovers". "You find someone who shares your vision, you fall in love, you get married," he quipped. But he was coy about who made
      215 words
    • 192 6 CAPITALRETAIL China Trust, the China retail real estate investment trust (Reit) of Singapore property developer Capita Land, plans to raise as much as $218 million in its share sale, said Capita Land in a filing to the Singapore Exchange yesterday. The
      192 words
    • 5634 6 UNIT TRUSTS FUNDS AB Amer Income AT USD 8.66/ A■ Amer Income BT USD 8 69/ AB Amer Income A USD 8.67/ ASH AMro «wt Mgt (Spore) AS Amer Income B USD 8.67/ Star Eirnpe Eqly! 1.0141 AB Amer Income A EUR 6.7* Star Ewope Bond 1.1# AB Amer Income
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    • 369 9  -  Property developer says it expects to 'do well' in this financial year By ARTHUR SIM WING Tai Holdings has achieved a first-quarter net profit of $30.81 million, up almost fourfold from $8.13 million in the previous corresponding period. The property developer's improved earnings
      369 words
    • 153 9 Bloomberg STX Pan Ocean Co, South Korea's largest carrier of iron ore, grain and other products, said third-quar-ter profit slumped 97 per cent due to higher fuel costs and losses from bets on shipping rates. Net income fell to US$l.7 million, or 0.1
      Bloomberg  -  153 words
    • 528 9  -  Company expects big earnings in Q4 and next 3 years By KALPANA RASHIWALA HO BEE yesterday painted a bright picture of its bottom line for the fourth quarter of this year as well as for the next three years after reporting a 30.3 per
      FILE PHOTOS  -  528 words
    • 417 9  -  By OH BOON PING ASTI Holdings has posted a seven-fold year-on-year jump in third-quarter sales to $177.55 million thanks to firsttime contributions from two newly-ac-quired subsidiaries and to the recovery in the semiconductor industry. The $177.55 million turnover compares with $25 million
      417 words
    • COMPANY BRIEFS
      • 47 9 NATSTEEL Ltd reported a 3 per cent rise in third-quarter net profit to $21.2 million and an 8 per cent growth in sales to $83.8 million. At the continuing operations level, exceptional gains doubled from $2 million to $4.2 million.
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      • 54 9 FU YU Corp posted an $8.4 million net loss in the third quarter, reversing net profit of $4.6 million in Q3 2005, as sales dipped 0.8 per cent to $113.8 million. Contributing to the loss were higher cost of sales and
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      • 46 9 SUPER Coffeemix's net profit rose 16 per cent to $6.2 million in the third quarter, while revenue grew 8 per cent to $55 million. It said the improved performance was due to higher demand from South-east Asian markets.
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      • 49 9 SUNNINGDALE Tech's net profit plunged 30.3 per cent to $5.4 million in the third quarter, despite a 1.8 per cent rise in turnover to $117.7 million. The firm said it took a hit from the amortisation of customer-related intangibles and provisions for stock.
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      • 58 9 HAW Par Corp's net profit grew 20.8 per cent to $39.1 million in the third quarter on the back of a 5.4 per cent rise in turnover to $32.6 million. The group's bottomline was helped by share of profits from an associate
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      • 45 9 Elec Eltek net profit up 28 per cent ELEC Eltek Int'l Co's net profit grew 27.9 per cent to US$l6.6 million for the three months to Sept 30. Sales rose 19.2 per cent to U*****.6 million, helped by growth in its US and Asian markets.
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      • 48 9 FOOD Empire reported a 106 per cent growth in Q3 net profit to $8.54 million, and a 32 per cent jump in sales to $58.77 million. This is largely due to strong growth in all key markets including Russia, Ukraine and Kazakhstan.
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      • 50 9 CH OFFSHORE Ltd has awarded contracts worth US$5l.2 million to Japan's Universal Shipbuilding Corporation to build two vessels capable of operating in deep water. One vessel is to be delivered in November 2009 while the other vessel is to be delivered in February 2010.
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      • 48 9 SMRT Corp is looking to raise $200 million by selling three- and five-year bonds to refinance a bond maturing in December, sources told Reuters. The transport firm has asked banks to come up with proposals for a local currency bond sale.
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      • 48 9 OCULUS Limited said it will stop reporting its earnings on a quarterly basis following the sale of its contact lens and eye care related business and assets to I Kare Pte Ltd. It will report earnings on a half yearly basis from now on.
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      • 37 9 CSE Global's net profit grew 33 per cent to $8 million in the third quarter on the back of a 41 per cent jump in revenue to $96.1 million.
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      • 37 9 CHINA Wheel's third-quarter net profit rose 39 per cent to 23.3 million yuan (554.6 million), on the back of a 55 per cent jump in revenue to 203.7 million yuan.
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    • 301 9  -  By UMA SHANKARI FURNITURE, electronics and IT retailer Courts Singapore yesterday reported a net loss of $3.9 million for its second quarter ended Sept 30. In the corresponding three months last year it had made a profit of
      301 words
  • Page 5 Advertisements
    • 245 5 If you are facing any of these: "messy" accounts arising from change of systems staff turnover i inability to meet statutory reporting deadlines urgent need to submit financial statements to banks financial institutions need to reconstruct accounts from incomplete records 1 need to extract financial information for a litigation need
      245 words

  • Page 6 Advertisements
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  • COMPANIES: CHINA STOCKS
    • 359 7  -  Revenue also increased 56% from 82.8m yuan to 129.5m yuan Reports by JEAN CHUA BRIGHT World Precision Machinery has reported a 77 per cent increase in net profit for the third quarter, as it sold more of its traditional
      359 words
    • 311 7 MIDSOUTH Holdings has reported a 14.4 per cent increase in net profit for the third quarter as it sold more of its fibreglass-reinforced plastic (FRP) products. Net profit for the three months to Sept 30 was 34.03 million yuan (556.67 million), compared
      311 words
    • 351 7 DRUGMAKER AsiaPharm Group said net profit for its third quarter dipped 0.1 per cent on reduced sale of its drugs and export of active ingredients. For the three months to Sept 30, net profit was 19.987 million yuan (553.99 million), compared
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  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 541 8  -  STOCKS Most Asian markets recede on news of Democrat victory and its expected impact on Wall St R SIVANITHY Senior Correspondent SINGAPORE Telecommunications yesterday replaced penny stocks as the market's focal point, its 11-cent rise to $2.85 following better-than-expected results helping limit the
      Source: Bloomberg  -  541 words
    • 983 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Nov 8 and earlier) Subsantial No of Price SHAREHOLDING Tram Shareholder/ »uy/ Shares Per Before After Stock Date Director SeO '000 Shr S (000) CQ0Q) Asia Water 7-Nov-06 Assyson Xue *Sell 8460 0.70 ***** 5.90 2460 1.30 Asia Water 7-Nov-06 Bella
      983 words
    • Article, Illustration
      971 8  -  Compiled by UMA SHANKARI Unisteel Technology Nov 8 doc*: $2.12 CREDIT SUISSE. Nov 7 3Q UNISTEEL'S 3Q06 results is in line with expectations. Sales met 76 per cent, while net profits hit 72 per cent of our FYO6 forecast. We saw yet another strong quarter with net profits
      Source: Bloomberg  -  971 words
    • 535 8  -  CURRENCIES LARRY WEE Senior Correspondent HEAVY Republican party losses in the US mid-term congressional elections overnight gave an already soggylooking US dollar another nudge lower in Asian trading yesterday, forcing it down to yet another fresh post-depeg low of 7.8661 yuan by
      Source: Reuters  -  535 words

  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 966 10  -  PENAL CODE REVAMP New technology taken into account, penalties and fines updated By CONRAD RAJ THE government is proposing sweeping changes to the Penal Code, the first since 1984, to make it more effective in keeping Singapore safe and secure from criminals and terrorists. Penalties have
      FILE PHOTO  -  966 words
    • 366 10  -  By CONRAD TAN SWISS biotech giant Lonza Group is to build a second, large-scale biopharmaceutical manufacturing plant here, hot on the heels of a US$25O million plant already under construction. Lonza yesterday announced a wideranging deal with US biotech firm Genentech
      366 words
    • 532 10  -  By WEE LI-EN LAWYERS have welcomed the proposed changes to the Penal Code saying they are long overdue, with the last major update made more than 20 years ago. There was particularly strong backing for the proposal to make overseas
      532 words
    • SINGAPORE ROUNDUP
      • 52 10 THAI Prime Minister Surayud Chulanont is travelling to Singapore today for his first visit after he was sworn in as premier last month. During his one-day visit, he will call on President S R Nathan, Minister Mentor Lee Kuan Yew and Prime Minister Lee
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      • 123 10 COE premiums rebounded with a vengeance yesterday after the longer-than-usual three-week break between bidding exercises. The rise in the case of Category A cars below 1,600 cc was also probably owing to the way this category was looking rather attractive at 10,510 after the previous
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      • 74 10 THE Monetary Authority of Singapore (MAS) and the Economic Society of Singapore (ESS) have launched the sixth MAS-ESS Essay Competition. MAS said this year's essay title "The Asian financial crisis 10 years on: What has changed and what have we learnt?" is especially significant
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      • 42 10 MINISTER for the Environment and Water Resources Yaacob Ibrahim will attend the Special Ministerial Session on Haze in the Philippines today. Dr Yaacob will be accompanied by senior officials from the ministry and the National Environment Agency.
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      • 54 10 A HIGH-LEVEL panel of water experts and industrialists is in town to discuss Singapore's environment and water technology plans as mapped out by the Environment and Water Industry Development Council. The team includes Joe Zuback, chief technology officer for Siemens Water, and Rengarajan Ramesh, general
        54 words
    • 570 10  -  YESTERDAY IN PARLIAMENT By DANIEL BUENAS PARLIAMENT yesterday saw both new and veteran MPs debating a range of issues raised in the President's Address early this month, including older workers, globalisation and the make-up of Singapore's society. MP For Jurong GRC Halimah Yacob
      570 words
    • 440 10  -  By NANDE KHIN SMALL and medium-sized enterprises (SMEs) have been urged to move ahead with implementing flexible wage systems while the Singapore economy is doing well. Minister of State for Manpower Gan Kim Yong made the call yesterday, when he was speaking to
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  • ECONOMY WATCH
    • 378 11 Bid to raise investments abroad to curb baht gains Bloomberg [BANGKOK] Bank of Thailand Governor Tarisa Watanagase said the central bank plans to raise the amount of money that mutual funds, insurance firms and other institutions can invest abroad in an attempt to
      Bloomberg; AP FILE PHOTO  -  378 words
    • 577 11 Unexpectedly large number puts renewed pressure on yuan to rise Reuters Bloomberg [BEIJING] China has posted a record trade surplus of U5523.83 billion for October, a result that easily beat forecasts and fanned expectations that Beijing will come under new pressure
      Reuters; Bloomberg  -  577 words
    • 453 11 Its WTO membership likely to create new growth opportunities, fund says Reuters AP [WASHINGTON] The International Monetary Fund (IMF) on Tuesday forecast that Vietnam's economy is likely to expand close to the official target of 8 per cent in 2006 and said the
      Reuters; AP  -  453 words
  • Page 11 Advertisements
    • 298 11 TRADE MARKS» I M \J IP BUSINESS? 1 OUTREACH PROGRAMME DATE 16th November 2006 TIME 9am 3pm VENUE Singapore Management University Administration Building Level 5 Conference Hall 81 Victoria Street fj ■> FEE Ss3o/Pax YOUR Tl tf^Sfi T|ATES your products and services from that of other businesses.lt is essentially a
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    • 269 11 The Bull Run* 2006 ZZ^Z CHAtlrr tuk m 9 l NTUC Oat 1 FuMrkw CwWf Rafflw »C v om Esplanade Bridge CollyerQuay Raffles Quay ShentonWay ade 'rf/ I Bnd 9e M| Tomtl f. I fRj lA, SGX CollyerQuay HI I K. Robinson Rd I ft N. I r—l I St
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  • MALAYSIA/INDONESIA
    • 608 12  -  Contentious points include NST, South Johor Economic Region, racial and religious matters By S JAYASANKARAN in Kuala Lumpur FIREWORKS are expected at next week's annual assembly of Malaysia's dominant political party, the United Malays National Organisation (Umno). For a start, former premier
      608 words
    • 322 12 AP [KUALA LUMPUR] A controversial multi-billion-dol-lar Malaysian rail project that was shelved in 2003 because of its high cost may be partly revived after a feasibility study by the government, a news report said yesterday. Deputy Prime Minister Najib Razak announced on Tuesday
      AP  -  322 words
    • BRIEFLY ASIA
      • 82 12 Reuters [BEIJING] China's cabinet yesterday approved in principle draft rules covering foreign banks' operations once remaining restrictions on their ability to do yuan business are removed in December, Xinhua news agency said. It gave no details of the eagerly awaited regulations. In line with
        Reuters  -  82 words
      • 40 12 Reuters [NEW DELHI] Hutchison Essar, India's fourth-ranked mobile services provider, has formed an alliance with Microsoft Corp to offer search, mail and messaging services to its 21 million customers, both companies said yesterday. —Reuters
        Reuters  -  40 words
      • 85 12 [JAKARTA] Indonesian miner PT Bumi Resources said yesterday it is reviewing plans to merge with oil explorer PT Energi Mega Persada, but had not decided to scrap the plan yet. Earlier, Bisnis Indonesia quoted a member of the Bakrie family, which controls both companies,
        85 words
      • 45 12 Reuters [BEIJING] A Chinese court has jailed a man for 14 years after he used forged documents to embezzle US$33 million from Industrial and Commercial Bank of China more than 10 years ago, Xinhua said yesterday. —Reuters
        Reuters  -  45 words
      • 59 12 Reuters [SHANGHAI] Several senior executives of Changsha Commercial Bank have been fined for inappropriate handling of client funds worth 470 million yuan (5593.2 million), the China Securities Journal said yesterday. Bank chief Zhu Yuguo was fined 30,000 yuan for mishandling of Sun Securities' funds
        Reuters  -  59 words
    • 521 12 Reuters [JAKARTA] Indonesia's central bank cut its key interest rate by 50 basis points on Tuesday, the sixth cut this year, after annual inflation plunged in October, and said there was scope for further cuts. Spokesman Budi Mulya told reporters
      Reuters  -  521 words
    • 2257 12 VOl Gamuda <42 030 8139 Ma* 8 Ml *h fH GeneralCorp.. 0.70 -0.02 106 Gentmg 2680 unch 260 At M Realty 136 -OOI 3 George (Gent -....4)57 ■•01 104 Abric.... 032 -0.03 67 GHL Systems _A22 001 9766 ACT Industries 130 -0.03 580 GlobetronicsTiadi.— <031 unch 1706 Actvance
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  • Page 13 Advertisements
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  • GREATER CHINA/INDIA
    • 563 14 ENERGY MOVES Move fuels fears that China may use emergency stocks more readily Reuters [BEIJING] China has rented out a third of the storage space at its first strategic oil reserve to state-rim refiner Sinopec, reinforcing fears that Beijing may use its emergency
      Reuters  -  563 words
    • 495 14 Project similar to Disneyland set to complete by 2009 [HONG KONG] Shimao Property Holdings is challenging United States entertainment giant Walt Disney by building a three billion yuan (***** million) theme park in the outskirts of Shanghai, the South China Morning Post reported.
      495 words
    • 146 14 Bloomberg [BEUING] Zhang Weiguo, chief accountant of China's top securities regulator, has been appointed to the International Accounting Standard Board (IASB), as China tries to bring its own rules in line with global norms. Mr Zhang will become one of the board's 14
      Bloomberg  -  146 words
    • 468 14 Reuters [SEOUL] State-run Korea National Oil Corp (KNOC) said yesterday it is in talks with India's ONGC to store crude from Russia's Sakhalin-1 field, and will boost its storage capacity by about 20 per cent by 2010. KNOC plans to
      Reuters  -  468 words
  • Page 14 Advertisements
    • 1465 14 WATS I NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I IN THE MATTES OP THE COMPANIES ACT, CHAPTERS* ROSENBERGER RF TECHNOLOGY JIfcLTD Co. Uf.N*. *****4471R MEMBERS' VOLUNTARY LIQUIDATION At ao Extraordinary General Meeting of the Company bald on the 3rd day November 2006. the following special resolution was duly passed That
      1,465 words
    • 375 14 IN THE MATTER Of THE COMPANIES ACT (CHAPTER 50| AND IN THE MATTER Of AEROTECH SINGAPORE (PTE) LTD (Co. Rag. No.: *****2693N) (Incorporated in Singapore) (In Mwbwi' Voluntary Liquidation) At an Extraordinary General Mooting of AEROTECH SINGAPORE (PTE) LTD dwiwd to have boon duly convened and hold on October 2006,
      375 words
    • 371 14 IN THE MATTER Of THE COMPANIES ACT (CHAPTER 50) IN THE MATTER OF LAY SING HOLDINGS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) Co. Reg. No/ *****3620Z Extract of the minutps at the Extraordinary General Meeting of members of lay Sing Holdings Pte ltd convened ond held at Equßy Plaza, 20
      371 words

  • MIDDLE-EAST
    • 350 15 It will invest US$80b over five years to increase crude production Bloomberg [RIYADH] Saudi Arabian Oil Company (Saudi Aramco), the world's largest state-owned oil company, plans to spend US$BO billion over five years to increase crude production, company vice-president Khalid Al-Falih said in London
      Bloomberg  -  350 words
    • 138 15 AFP [KUALA LUMPUR] Bahrain and Saudi Arabia have expressed an interest in forging free trade agreements (FTA) with Malaysia, says a report quoting Malaysian Trade Minister Rafidah Aziz. Malaysia is currently involved in FTA talks with a number of countries including
      AFP  -  138 words
    • 425 15 Reuters [DUBAI] United Arab Emirates (UAE) real estate developers Nakheel Group and Aldar Properties announced the world's third and fourth-largest Islamic bond issues to raise a total of US$4 billion to finance projects. Dubai governmentowned Nakheel, which is developing three palmshaped islands off the coast
      Reuters; AFP  -  425 words
  • Page 15 Advertisements
    • 11 15 The winner is Mr Quah Yeok 800 lnd»p»nctont.ln»pir»<Unrft»fn««bta. FINANCIAL TIMES I
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    • 46 15 m I By Ay |<ij< v j j Kj v I ««<*, 50 fv MM be o« fw fact w. J 1 V K SMART TRAVELLERS KNOW. TRADERS HOTELS .1 BEIJING CHANGZHOU DUBAI KUALA LUMPUR KUNSHAN MANILA PENANG SHENYANG SINGAPORE YANGON OPENING IN 2008: BANGALORE MACAU URUMQI
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  • SINGAPORE INTERNATIONAL
    • 1285 16  -  The tiny Gulf state has much upside potential as it took the modernisation path only a few years ago, reports CHUANG PECK MING CHUANG PECK MING THE emirate of Qatar, which once depended, on fishing and pearling for a living, is Singapore's next stop in
      1,285 words
    • 679 16 TWO years after it \vas set up in Qatar, ST Education Training's (Stet) business is taking off. "We have made a strong and dedicated entry and the efforts are now bearing fruit," says Michael Chen, chief executive of the company, a subsidiary of the Singapore
      679 words
  • Page 16 Advertisements
    • 154 16 Be part of the Singapore Pavilion at the world's leading business event for the digital world CeBIT ***** Hal The trade show is an excellent platform for Singapore-based companies from the infocomm technology industry to launch HBiPii|lMpr *||[5h55 SB^BE^P and introduce their innovative products to global players, as well as
      154 words
    • 14 16 ENTERPRISE THE BUSINESS TIMES SINGAPORE Singapore toyoubyK Singapore mdThMM Tlml flnpapowban •gncywdirtlwMMMyflfTniiMdMutfy helping Smg^wrt
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  • ASIA-PACIFIC/WORLD
    • 464 17 Competition forcing some prime brokers to drop due diligence standards Reuters [FRANKFURT] European banks' lending to highly leveraged financial players like hedge funds and private equity firms poses new risks to financial stability, a top European central banker said on Tuesday. "Links
      Reuters  -  464 words
    • 772 17  -  ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent IN THE not-too-distant future, when .people talk about how the stock market is doing, they may mean just that "the" one global stock market rather than the New York, London, Tokyo or lesser markets. Major and minor
      772 words
    • WORLD WATCH
      • 61 17 Reuters [LONDON] The London Stock Exchange pic (LSE) said yesterday its first-half operating profit rose sharply, lifted by new listings and growth in electronic trading. The LSE said operating profit for the six months to Sept 30 rose 60 per cent to £81.3
        Reuters  -  61 words
      • 57 17 Bloomberg [SYDNEY] Australia's central bank raised its benchmark interest rate to the highest in almost six years to curb inflation, risking a slowdown as households grapple with record debt. Reserve Bank of Australia governor Glenn Stevens raised the overnight cash rate target a quarter
        Bloomberg  -  57 words
      • 62 17 NYT [FRANKFURT) Volkswagen ousted its chief executive Bernd Pischetsrieder on Tuesday, six months after he appeared to win an internal power struggle by signing a new contract. Europe's largest carmaker gave no reason for the decision by a committee of its supervisory board, which voted to
        NYT  -  62 words
      • 40 17 Reuters [HANOI] Intel Corp. the world's largest chip maker, is to more than treble its investment in building two plants in Vietnam to US$l billion, sources familiar with the firm's plan said yesterday. Reuters
        Reuters  -  40 words
  • Page 17 Advertisements
    • 712 17 Sponsored feature _j jr TKJpLflM^^^B^ I T Wfck.- i WEflflMrHw wiyllWEil 1 Jfflfcv £t r 1 /Mp i SLf f. r '^^Bm§mS^SSßmßS^ i <■a:'*^x?-is&y.\iWMMß? BANK JULIUS BAER counseling, tailor-made investment Bank Julius Baer, as the key company of WBfried KofrneW is supported by a moftated We endeavor to display service
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  • AVIATION
    • 671 18 Planemaker to cut number of main contractors to trim costs Reuters Bloomberg [FRANKFURT/TOULOUSE] Airbus parent EADS posted a third-quarter operating loss yesterday after it took 1 billion euros (Ss2 billion) of charges as it grapples with costly production problems at its A3BO
      Reuters; Bloomberg; FILE PHOTO  -  671 words
    • 632 18  -  By VEN SREENIVASAN [SINGAPORE] Singapore and Singapore Airlines (SIA) will face increasing competitive pressure from Dubai and its Emirates Airlines as the gulf city state ups the ante in the fight to be a key airhub on the Eu-rope-Australia "kangaroo route", according to a report
      632 words
    • 451 18 AFP [SINGAPORE] Singapore Airlines, set to be the first airline to fly the Airbus A3BO, will go ahead with its orders for the much-de-layed supeijumbo, the carrier said yesterday. "There are no changes to our existing aircraft orders with Airbus," an SIA
      AFP  -  451 words
    • 259 18 AP [TOKYOI After losing money last fiscal year, Japan Airlines said yesterday it had returned to profit in the half-year through September, thanks to route restructuring that contributed to higher international passenger revenue. JAL posted a net profit of 1.5 billion yen (Ss2o
      AP  -  259 words
    • 2027 18 CITY mew IT* maw ro tXH»» 1340 QR639 0635 AfWfW sQ4j 5 122s 13P0 S§2 MM LH9771 1740 AF8088 2215 °Z!f SO268 1740 BA7382 2215 |J| j™ AT8067 1830 QF82 2215 JSi BA7381 1830 LH9770 2350 IJ2 1W Fraakfart AC9951 0655 IM9765 1430 ™~r*: inM cfl*
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  • Page 18 Miscellaneous
    • 189 18 CRYPTIC CROSSWORD 9ht y a 2 It'll rot a poorly cooked pan- thjng due (8) YESTERDAY'S SOLUTION cakel (8) 14 Could one hold up entrance? Across- 1 Handsome 5 Banish 9 3 Knockout, unfortunately, for (8) 5 some animals (o) 15 Inconvenient dawn tour was Cognate, 13 Daily Mirror, 16
      189 words

  • SHIPPING
    • 466 19  -  The 40-year BOT lease at Gwadar Port includes a revenue-sharing mechanism By DONALD URQUHART [SINGAPORE] PSA International is among four shortlisted terminal operators bidding for a 40-year concession to operate Pakistan's first deep-water port, including container and multi-purpose cargo handling, a report
      466 words
    • 216 19 Reuters [COPENHAGEN] Danish shipping company Torm posted a lower-than-expected third-quarter pre-tax profit of US$73 million yesterday, but raised its full-year pre-tax profit forecast slightly. Pre-tax profit rose to US$73 million from US$66 million in the same quarter last year. Analysts in a
      Reuters  -  216 words
    • 566 19 AP [NEW YORK] The USS Intrepid saw plenty of action in its day surviving five kamikaze attacks as it travelled the world to serve in World War II and the Korean and Vietnam wars. But after decades in retirement, the ship refused to
      AP; REUTERS  -  566 words
    • 462 19 2 of 6 pirates hurt after gunfight but crew unharmed AFP [NAIROBI] Forces loyal to Somalia's powerful Islamist movement stormed a ship hijacked by pirates ofT the Somali coast, freeing the vessel and its crew after a fierce gunbattle, a maritime source said
      AFP  -  462 words
    • 565 19 Bloomberg [FRANKFURT] TUI AG, Europe's largest travel company and the owner of the Hapag-Lloyd shipping line, may report today that third-quarter profit dropped as lower Asian freight rates and higher fuel costs weighed down its marine diyision. Earnings before interest, tax and amortisation
      Bloomberg  -  565 words
  • Page 19 Advertisements
    • 144 19 TRI INVESTMENTS PTE LTD (Co. Reg. No. *****1146W) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act Cap 50 that a Final Meeting of the Members of the Company will be held at 5 Shenton Way #16-01/12 UIC Building
      144 words
    • 303 19 Business Plan Westbound Cargo 2007 At their meeting on 25 October 2006, FEFC Principals agreed the following FEFC Business Plan for Westbound cargo for 2007:From Asia (excluding Japan) to North Europe/Baltic/Scandinavia and Mediterranean Ist1 st January 2007 A Conference fate increase of USD 200 per TEU Ist1 st April 2007
      303 words
    • 117 19 IMF Hyper Galex Service flrf Sets Sail From November 11 Htlx'iSnßK Nov. you can enjoy faster connections to 3 of liraß the world's fastest growing economic regions i* with the newly launched Hyper Galex Service by SCI Line and its two consortium partners, JgU Emirates Shipping Line and TS Line.
      117 words

  • EDITORIAL & OPINION
    • 956 20  -  Many investors are taking the political hiccups in their stride. One reason is the belief that the benefits of China's 10%-plus growth trump internal squabbles in one country or another WILLIAM PESEK JR Bloomberg HERE'S proof 'that Asia's political world has
      Bloomberg; AFP  -  956 words
    • 124 20  -  LETTERS TO THE EDITOR Chew Gek Khim Singapore I READ with grave concern the report, "Riady rebuts claims directors caught offguard" (BT, Nov 7). Your description of Mr Riady saying that "it was not the case that these directors had not been made
      124 words
    • 323 20  -  Leong Sze Hian Singapore I REFER to the articles "The low down on home loans" (BT, Nov 8), "Housing policies to be refined" by Uma Shankari (BT, Nov 4) and "Mortgagee sales of HDB flats on the rise" by Siow Li Sen (BT,
      323 words
    • 498 21 EDITORIAL THE market for stockbroking research has come a long way since full deregulation some six years ago. Research now plays a pivotal part in daily market life. This represents welcome progress since it is far better for investment decisions to be driven
      498 words
    • 1041 21  -  The experiences of major European companies with having significant equity stakeholders from the Middle East have been resoundingly positive By STEPHAN RICHTER AT THE time of the 2006 football World Cup, many Germans rubbed their eyes when they saw that Emirates Airlines was
      REUTERS  -  1,041 words
    • 797 21  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT SEEMS impossible to have an honest conversation about global warming. I say this after diligently perusing the British government's huge report released last week by Nicholas Stern, former chief economist of the World
      The Washington Post Writers Group  -  797 words
  • Page 20 Advertisements
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  • 10425 22 SGX MAINBOARD Transaction date: Nov 8 52-Wk Tri Last Vol Day Last Quote Mv GrYM Net MCap High Low Code Company Sal* COOP) High Low luyr SeHer Cvr HI Sm* 3.5 1 5716 1st Software 3 +0.5 7608 3.5 3 3 3.5 12.1 11.5 6 3148 STelecom 8
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  • Page 22 Advertisements
    • 35 22 Trade from 20% deposit (5 x leverage) on most stocks Qo long or short Competitive financing rates in aH markets Access to Asian, US, Euro stocks Select Exchange Haded Funds and indices Competitive Commission charges
      35 words

  • 5629 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy %yr %dy yr dy %yr Nov 7 Indox Change Change Change Change Change Change World Indec Preliminary 1074.0 0.4 10.8 03 73 0.8 143 t EAf E Prefomnary 1080.4 0.4 11.0 0.7 11.1 1.1 18.4
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  • Page 24 Advertisements
    • 1570 24 I Jl UK CONTINENT SERVICE U.&.A SERVICE Destination Destination DD LEADER RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia E/w Ma|aysio/ |ndonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination r BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT Destination JUPITER CHARM DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT ASEAN PREMIE* DBI/ABU/DOH/BRN/DMM/KWT J Loads Singapore, E./W. Malaysia,
      1,570 words
    • 501 24 vftv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VESSEL VOT RAMP HBGHT SM LK MAO SAY lAI ORE TAMOU AE634 400 I» UM 14/11 10/12 19/12 24/11 31/12 29/12 TEXAS AM3S 4201 ms 6.4 M 08/12 02/01 11/01 IS/01 20/01 11/01 TAIXO AF7OI 4201 m MM 21/12 21/01 30/01 03/02 00/02 06/02
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  • Page 25 Advertisements
    • 1441 25 WAN HAI INTERNATIONAL PTE LTD aNO IW9 *****00/* mmmmm HL*****5M (MUNIS) FAX:*****163 Y\\M lAIAIJ LI A I I I NEC Customr Swvin/loaktags Direct Um (1800) *****200 V VffMll rIMI UlltJ fid TR; (03) 134AUM fUt (03) *****211 FBI IH: (04) 226M00 FAX: (04)*****99 1 JOH IB: 107) *****23 MX: (07)*****21
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    • 1140 25 IVISSII VOY Pto. I SIN I KARACHI I DX» IAB NHS PMM UK I KHOR IRAN KOKDfSTAN PCI 5167 09/11 10/11 19/11 22/11 23/11 29/11 01/12 03/12 IRAN TABATARAEI PCI 8169 13/11 14/11 23/11 26/11 27/11 03/12 OS/12 07/12 IRAN SAASAII Kl 1170 20/11 21/11 30/11 I 03/12 06/12 1
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    • 657 25 m &&29U WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VESSEI I VOT SIN PJtUWG COUMAIO" N.SHTCA COLOM6Q LAIIAHADUI OIO9W I3MOV OKtfT OMjT 20WOV 24NOV HOTAPEKAMA TPXO47 14 NOV 15 NOV H NOV 21 NOV 25 MOV HOWIAHH 0057W 21 NOV 22 NOV 25 NOV
      657 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5571 26 This s? ss» "tsr tsr as 'Sr *tsr s as 'tar B*****8SS88 89 88 B To FREMANTLE (FRE) 2130 Australia To ABIDJAN (ABJ) 2003 Cote D'lVOire 26/11 04/12 PTDjakarta AMI ESPRIT 032S *****202 16/11 17/12 China Shpg MERIAN 036A *****898 03/12 10/12 Austral Al
      5,571 words

  • BizIT
    • 832 27  -  It cites confidentiality for denying audit access, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY ESYS Technologies Pte Ltd, the world's largest distributor of desktop hard disk drives (HDD), yesterday rebutted charges of irregularities made by Seagate Technology when terminating its distributor agreement with eSys. Seagate,
      832 words
    • 517 27  -  Operator gearing up to launch high-definition TV By WINSTON CHAI DESPITE growing competition, incumbent pay-TV operator Star Hub remains confident that its digital cable offering will stand on its own against the onslaught of Internet television services. "It is our view that IPTV (Internet
      517 words
    • 309 27 Bloomberg [SAN FRANCISCO] Microsoft Corp will pay US$442 million to Novell Inc in a technology accord signed last week to make their rival server software work together. The companies will jointly develop and market software that lets Microsoft's Windows and Novell's Linux operating systems
      Bloomberg  -  309 words
    • 158 27 Bloomberg [SAN FRANCISCOI Yahoo! Inc, in a push to tap the growth of advertising on mobile phones, will start showing graphical ads for companies including PepsiCo Inc on Internet sites that people access with their handsets. The ads are tailored to the
      Bloomberg  -  158 words
    • 876 28  -  Trend Micro, McAfee both launch new security solutions By ROLAND LIM TOP security vendors have been stepping up their efforts to battle new threats and grow their businesses amidst the ever-changing security landscape, against the backdrop of software behemoth Microsoft's maiden efforts in this
      876 words
  • Page 27 Advertisements
    • 111 27 NEW SOLUTIONS Security vendors move up a level. PG 28 1 URBAN 1 GETS... SNAZZY] THE STRAITS TIMES GUIDE TO LOOKING GOOD APPEARS 4 EVERY THURSDAY 4 -®f§iHK3 il \I- Do You Know CA named top Identity and Access Management Who Has Access software vendor worldwide by IDC for the
      111 words

  • Page 28 Advertisements
    • 370 28 imagine better IT innovations, built on trust Reputation is nothing without originality. As the leader in IT components, we had thought out of many boxes. Take the SyncMaster™ 2058 W. Besides being Windows Vista*" compliant, its wider screen allows for more windows to be opened, making for easier drag-and-drop, file
      370 words
    • 106 28 •S999Q««e 1 Ask about our I a fabulous i fl advertising i urates fl on #4 s**>9l3| fl A new team. A new sound. S And a host of excitingnew tk nrnnrammes. Radio9l.3 is K 2 all geared to maximise Y° a ur B fl advertising mileage w K m
      106 words

  • PROPERTY
    • 727 29  -  It aims to ink deals for 15 new properties in key gateway cities By NANDE KHIN AS PART of its aggressive global expansion plan, Frasers Hospitality which manages premier serviced residences is looking to ink deals for 15 new properties in "the next year
      FILE PHOTO  -  727 words
    • 174 29 PRUDENTIAL Property Investment Singapore (Prupim Singapore), part of the UK-based Prudential pic, yesterday said it has formed a team for its Asia-Pacific real estate investment management business. The operation, based in Singapore, is headed by chief executive officer Jonathan Allen. The other senior members
      174 words
    • 372 30  -  112,100 sq ft site one of the biggest collective sale sites in Ardmore Park By KALPANA RASHIWALA TAKING advantage of strong sentiment in the high-end residential sector, Knight Frank is racing to put Anderson 18 on the market this month. The reserve
      372 words
    • 363 30  -  By UMA SHANKARI WITH high-end property prices in Singapore racing ahead, Malaysian developers are hoping Singaporeans will look north for upmarket bargains specifically in Kuala Lumpur and the exclusive gated community, Mont' Kiara which have both proved popular with foreigners. They
      363 words
    • 1884 30 co sr s s S5*Ti NOfHANOfD Pearls Cte Apt 20/10/2006 99 280 I The Sail At Marina Bay Apt *****006 99 1263 1431 The Sail Al Marina Bay Apt 18/*****6 99 657 674 10& The Sal At Mama Bay
      1,884 words
  • Page 29 Advertisements
    • 200 29 FOR SALE BY TENDER Residential Redevelopment I m«rd«ng. tot 6 I »wj )b Site at Balestier Road, T juS2Sf Hang Tat Garden m«, T a Land area: 2 341 2sm (25 200 4sq ft) Hn a iin 4 Freehold A Subject v fc> Master Plan 2003 -PR 2.8, up to
      200 words
    • 374 29 FOR SALE BY TENDER WW I I ■> g j p I'JP BELLERIVE PRIME FREEHOLD RESIDENTIAL SITE T „„i| I II Squarish plot of Land Area: 29,439 sq ft .-foPief St JOMpht Anoto-CNn**Sch Raf c!!*° wn ln,WuUon Build-up Gross Floor Area: 61,822 sq ft J Anglo-CNnm W Sch I j
      374 words

  • Page 30 Advertisements
    • 163 30 lliyiAalfil^^^^^Hsavills For Lease UE Print Media Hub, at Paya Lebar Road BRAND NEW, TOP Ist1 st Quarter 2007 5-storey building with basement carpark Units from 1,300 sqft 17,000 sqft Food Court in Building Next t6 Circle Line MRT Station Attractive Rentals Sole Marketing Agent ElfSeah 9693 4126/6415 7330 Cayce Kor
      163 words