The Business Times, 17 November 2006

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Total Pages: 32
1 32 The Business Times
  • 21 1 THE BUSINESS TIMES •v v SlNGAPoiOscents online at http://business-timestasialxom.sg JF A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Friday, November 17,2006
    21 words
  • 586 1  -  Rebound in line with underlying economic growth By ANNA TEO [SINGAPORE] The strong rebound in private property prices is not a cause for concern, as long as the price gains are in line with underlying economic and income growth, says a Monetary
    586 words
  • 570 1  -  He stresses US commitment support for Asia By ANNA TEO [SlNGAPOßE] Visiting US President George W Bush yesterday backed the proposal for a free trade zone for the entire Asia-Pacific Economic Cooperation (Apec) area, while calling on the region's leaders to help
    AP  -  570 words
  • Page 1 Advertisements
    • 39 1 JM A! t INTERVIEW Dealing with taxes M in China page 9 WARHOL RECORD HK tycoon pays record USsl7.4m for Warhol's Mao page i 6 |HHBHn^H|^H£fl^H I v" i jS\|^h^^^H|HHH|Hh jjf|- ''jflHnl fllM^D^B^^^^^^^9H^9^HB^Ml^HßE^^HKs9fl9EuK If MhHWM|[hHMH|MPMHmHMw^^BBBBHL B" gp' !BBHBfIfIHBB| J-
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    • 26 1 HM BOOKS Doing it the Carlyway page 31 TRIBUTE Fond farewell for a veteran newspaper WBRm e<^tor HI PAGE 12 A h Warn BHHHr tHPMHwfei Safe
      26 words
    • 26 1 H CINEMA® mmm. hits the jackpot PAGE 11 ■■■I BOOK j LAUNCH I 15 years of great conversation, 1 now in one volume page 3 ■Kin
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  • TOP STORIES
    • 441 2  -  Both countries share common desire to promote free and fair trade By NANDE KHIN [SINGAPORE] Visiting US President George W Bush yesterday hailed Singapore's open market economy as a role model for the region. Mr Bush was in Singapore for
      AFP  -  441 words
    • 184 2  -  Alleged offences involve continuous disclosure By OH BOON PING [SINGAPORE] Six directors of Chuan Soon Huat Industrial Group, an SGX-listed timber-related company, have been arrested under the Securities and Futures Act (SFA). The six are managing director Lee Thian Soon, executive
      184 words
    • 421 2  -  Private-sector financing needed for infrastructure development By CONRAD TAN [SINGAPORE] Banks and the wider financial sector have a key role to play in promoting greater Asean integration. Monetary Authority of Singapore managing director Heng Swee Keat said yesterday. Private-sector participation is
      421 words
    • 458 2 Raffles Hotel set for growth with new owner RAFFLES Hotel's new ownef, the Los Angeles-based Colony Capital, intends to grow the hotel chain, its head for Asia said yesterday. "We see an unparalleled growth opportunity for the brand," said Grant Kelley, chief executive of Colony Capital Asia, who
      458 words
    • 362 3 [SINGAPORE] The first instalment of what is now The Raffles Conversation appeared in The Business Times in January 1992 as a full-page Saturday feature, and for the past 15 years, the series has kept BT readers company on many Saturday mornings, treating them to
      ARTHUR LEE  -  362 words
    • 437 3  -  Colony Capital aims to add 10 hotels, resorts to the portfolio in 5 years Reports by UMA SHANKARI [SINGAPORE] Raffles Hotel's new owner, the Los Angeles-based Colony Capital, intends to grow the hotel chain going forward, its head for Asia said yesterday. "We see
      437 words
  • Page 2 Advertisements
    • 138 2 ■>I I N i s WOVE N ART* s\ JK r> •I I The Absolutely I Brilliant Carpet Sale /£n. /w N Sparkling new showroom now open /C'• /VV 3° •Tftl'- < */V The Orientalist has always blazed trails. With the region's v *4*4* v 9 i-/ most scintillating selection,
      138 words
    • 39 2 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account. people Your search ends here. www.thtjpe6pleatvyoiK.com I Asia-Pacific Executive-Anarch
      39 words

  • Page 3 Advertisements
    • 136 3 r J 4 •I.' Wo 'o »r it *.jti/' '-fi l CAT'S EYE Bi-retro > Diamond-set white gold case, gold dial with diamond-set mother-of-peart marquetry, jt GIRARD-PERREGAUX automatic mechanical movement, sapphire back si Retrograde seconds and day-of-the-week displays, moQn phase indicator •t 4 I A I V gj* GP II
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  • COMPANY NEWS
    • 744 4  -  They plan to incorporate locally as China opens up its banking sector By SIOW LI SEN SINGAPORE banks will incorporate locally in China as they shift into higher gear to take a slice of the Middle Kingdom's banking sector which will be fully
      AFP  -  744 words
    • 557 4  -  By SIOW LI SEN THE hotly contested auction for English football television rights for Singapore could go into a further round —pushing the eventual price even higher than first predicted. Following the hufee price reached in Hong Kong oh Wednesday
      REUTERS  -  557 words
    • 672 6  -  HOCK LOCK SIEW By CONRAD RAJ JUST a few years ago, Keppel Corporation was being panned by analysts as supposedly a company drifting in the corporate world with a bleak future and without a focus. Today, it is the darling of most research houses, although it has
      672 words
    • 457 6  -  By OH BOON PING OCBC Bank now appears attractive compared with its local rivals, says Citigroup in a review of their third-quarter results. Overall, it issued an "underweight" on the sector. On Wednesday, Citigroup noted that OCBC was the only bank to see a
      457 words
    • 302 6 CITY Developments has begun previews for its freehold Tribeca condo next to the Grand Copthorne Waterfront Hotel at an earlybird average price of $1,420 psf. It will be developed on the last of the group's sites in the Kim Seng Road/Jiak Kim Street area. Based
      302 words
    • 243 6 PROPERTY developer Soilbuild Group Holdings yesterday said it will place out 13.3 million new ordinary shares at 49 cents each to raise net proceeds estimated at $6.24 million. It entered into a private placement agreement with OCBC Securities Pte Ltd to farm out the shares.
      243 words
    • 283 7 Business park developer Embassy targets launch early next year: sources Reuters [HONG KONG] The first property trust of Indian assets is due to be launched early next year, when business park developer Embassy Group spins off buildings in a Singapore IPO, according to sources
      Reuters  -  283 words
    • 285 7 Reuters [HONG KONG] A property trust initial public offering (IPO) of Chinese shopping centres spun off by Singapore developer Capita Land Ltd has seen its institutional order book more than 20 times covered less than half-way through its marketing roadshow, a
      Reuters  -  285 words
    • COMPANY BRIEFS
      • 54 7 HIAP Hoe Limited yesterday said it is proposing a five-to-one share consolidation due to the higher transaction costs related to its low share price. The directors believe the consolidation may cut the fluctuation in its market value, cut transaction costs and make its shares
        54 words
      • 56 7 SWIBER Holdings said it has secured formal contracts for the Letters of Intent worth about US$9.36 million detailed in its prospectus. The contracts boost its order book to about US$16.5 million. Separately, its unit Swiber Offshore'has signed a Letter of Intent worth US$5.75 million with
        56 words
      • 69 7 RICE cracker maker Want Want Holdings has hired BNP Paribas, DBS and Chinatrust Commercial Bank to arrange a US$200 million loan to cut debt and expand. Bloomberg says it will pay interest of 0.29 of a point more than the London interbank offered rate for
        69 words
      • 47 7 NOBLE Group is seeking a US$450 million trade finance facility for two years to support its business, chief financial officer Stephen Jeffrey Marzo told Bloomberg. A banker said that ING, Standard Chartered and Societe Generale have been hired to arrange the deal.
        47 words
  • Page 4 Advertisements
    • 153 4 p i i This announcement appears as a matter of record only November 2006 Ihv® SITRA HOLDINGS (INTERNATIONAL) LIMITED (Incorporated in the Republic of Singapore on 5 May 1979) (Registration Number: *****1237E) Invitation in respect of 24,000,000 New Shares comprising:(1) 1,500,000 Offer Shares at $0.21 for each Offer Share by
      153 words
    • 936 4 0. SITRA HOLDINGS (INTERNATIONAL) LIMITED (Incorporated in the Republic of Singapore on 5 May 1979) (Registration Number *****1237E) Invitation In ras#Mt of 24,000,000 New Shares comprising:(1) 1,501,101 Offer Shares at $8.21 for each Otltr Share by way of public offer and (2) 22,500,010 Placement Shares by way ef placement, comprising:(I)
      936 words


  • Page 6 Advertisements
    • 154 6 I ti 11 W' 1 |F Louis Erard the tfu6ilee 1931 Sold S^N 9n celeSraiion of our 75i£ Anniversary >3 fek MIV 888 V v 1/ jut Jgbi*l93lGoldliS| V LER-*****-ORO2-L f fS United EdMon 75 pes 1 W V\ i JiM jpf jr I V JHfe CITYCHAIN Vivo City Tel:
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    • 414 6 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. [*AT3 NOTiCES NOTICES tohmmuht Compenlee Winding Up No. 201 of 1909 In the Matter of the CompaniM Act, Cap SO and In the Matter of VELOOCO GENERAL CONTRACTORS PTE
      414 words

  • Page 7 Advertisements
    • 174 7 :^l 3k F^fiU wQf W i 1 **8! Kmt nrafl /If# 'jgi J«H^B|^^Hra^M^H|||||^, WEs M I *m£- |B| I I H THE VERY BEST OF MALAYSIAN PROPERTIES IS NOW IN SINGAPORE Invest Now Enjoy Expected Rental Yield Up To 1 2% p.a. Condominiums j j j J J 5 j
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  • SINGAPORE MARKETS
    • 492 8  -  STOCKS Banks, technology and property push market barometer up 20.8 points to 2,798 TEH HOOI LING Senior Correspondent ANOTHER day, another record. Yesterday, the Straits Times Index climbed 20.83 points or 0.75 per cent on active trading to yet another all-time high of 2,798.45.
      Source: Bloomberg  -  492 words
    • 943 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Nov 16 and earlier) Suhuntial No of Price SHAREHOLDING Tram Shareholder/ 8w/ Sha*e» Nr Wore After Stock Pate Director Sen 000 Shr> 0°°) C5?S CSC Hldgs 16-NOV-06 Ng San Wee *Sell ***** na 2£1« CSC Hldgs 16-Nov-06 Ng Sun Giam 'Sell
      943 words
    • Article, Illustration
      683 8  -  Compiled by UMA SHANKARI Datacraft Nov 16 dose: USst.2s CITIGROUP RESEARCH, Nov 15 Maintain "buy (1M)" rating: Q4 FYO6 results support our view that Datacraft is a turnaround story and deserves to be re-rated. A solid cash conversion cycle, sustainable margins and a strong order book are key
      Source: Bloomberg  -  683 words
    • 549 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar ended mixed to stronger in Asia yesterday, with traders awaiting the release of more key US data later in the day leaving the British pound and Japanese yen the standout losers, but a couple of Asian
      Source: Reuters  -  549 words

  • THE CFO INTERVIEW
    • 1153 9  -  Income tax is the biggest headache for Chinese companies, a veteran of several red chip listings in Singapore tells MATTHEW PHAN MATTHEW PHAN COMPANIES in China find that their biggest headache is income tax, says someone who has learned the hard way. A veteran of
      YEN MENG JIIN  -  1,153 words
  • Page 9 Advertisements
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      41 words

  • COMPANIES: CHINA STOCKS
    • 578 10  -  Forestry firm also unveils plan to help improve its cash flow in 2006/2007 By JEAN CHUA GUANGZHAO Industrial Forest Biotechnology Group said yesterday it has found alternative finance after a party it was in talks with "unexpectedly experienced financial difficulty". The company also tried
      578 words
    • 610 10 Reuters WHEN fund manager Winson Fong visits corporate headquarters, he looks out for swanky offices and flashy cars to see If the company is wasting money instead of enriching its shareholders. Poor corporate management, especially by Chinese companies listed in Singapore, is a hot topic
      Reuters  -  610 words
    • 3852 10 UNIT TRUSTS FUNDS AB Amer Income A USO 8.6* J* AB Amer Income 8 USD _86* m AB Amer Income A EUR f-7®- DJJ ARM Amro Asset Mgt (S'pore) AB Amer Income B EUR 6.7* W Star Euope Eqty!** 1-01* ABEurop toneOppATSGO 15.06/ W jg WSSSSf:: .--"SB S JJ AsaBondMA.........
      3,852 words
  • Page 10 Advertisements
    • 29 10 jr- You can now use your CPF savings to invest in AllianzGI Global Allianz (Hi) I High Payout Fund. Visit our appointed distributors for more details, ciobai investors j
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  • SINGAPORE NEWS
    • 210 11 THE children's charity concert Child Aid, jointly organised by The Business Times and The Straits Times, has been given a boost by donations from two banks. Local bank OCBC and Swiss bank ÜBS have each given $10,000 to the concert organisers to pass on
      210 words
    • 412 11 Bloomberg SINGAPORE investment company Temasek Holdings plans to start an infrastructure fund backed by SsBoo million of water and gas assets, according to four people familiar with the proposal. Temasek hired New York-based Morgan Stanley to sell as much as US$l5O million of shares in
      Bloomberg  -  412 words
    • 547 11  -  GROWING WATER SECTOR Republic seen as global leader in successfully managing water By MATTHEW PHAN WITH the most urgent challenges facing the global water industry coming from Asia, the region has significant potential to take a leadership position over the
      547 words
    • 611 12  -  SPH staff pay tribute to Cheong Yip Seng who steps down after 43 yrs' service By CONRAD RAJ AN evening of revelry and fun, tinged with sadness and nostalgia, last night marked the impending end of an era Cheong Yip Seng's reign as editor-in-chief
      NG SOR LUAN/THE STRAITS TIMES  -  611 words
    • 362 12  -  Report to focus on achieving goal of single market By CONRAD TAN TOMMY Koh, Singapore's ambassador-at-large, will NgUui CharterniWWWP ceraber. The 10-member task force, comprising members from each of the KXAfean countries will be foflp at the 12th Asean Sumiwt in December in
      362 words
    • 402 12  -  By MATTHEW PHAN THE proposed increase in Singapore's Goods and Services Tax to 7 per cent will have an impact on costs but should not affect SMEs more than multinational firms, accountancy firm KPMG's director of indirect tax in Singapore, Lam Kok Shang,
      402 words
    • SINGAPORE ROUNDUP
      • 96 12 ■***** lIB9CWM ABtnce (BGA). of which Singapore Is a member through the Singapore Tourism Board, is implementing the world's first Convention Bureau Certification Programme. This is aimed at ensuring a consistent level of convention bureau service excellence for all eight member cities. Lloyd's Register Quality
        96 words
      • 66 12 THE Ministry of Manpower has appointed Tan Pheng Hock, a member of the Singapore Workforce Development Agency (WDA) board of directors, as the board's Deputy Chairman. Mr Tan's appointment will run from October 2006 to August 2007 in line with the tenure of the
        66 words
    • 511 12  -  By CONRAD RAJ ONE of the biggest gatherings of high-end sports cars here took place last Saturday at Singapore's newest hot-spot for local swingers, the St James Power Station. A sea of more than 30 Ferraris in trademark fiery red and yellow, and about
      511 words
  • Page 11 Advertisements
    • 139 11 Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in out newspapers now. NOTICES 11l lii lj' "shop! Mdi-K Course- Kiku Ba.i*u4 CT ujptKr z) C.CT. Le-wis Bc-st of Uve- 3) S£|j <*W Fftntifjj Stone- TkA-nK i/j&U 0 I if)
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  • Page 12 Advertisements
    • 1759 12 3 NOTICES I IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF BRIZAY HOLDINGS LTD (In Members' Voluntary Liquidation) (Company Registration No. *****7195R) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 20
      1,759 words

  • DESTINATION DELIGHTS
    • 964 13 Elver been smitten by a city's charm? It could be the hospitality of the people, an unforgettable dining experience or just the scenic wonder of the place. We bring you Portland, Oregon, the second of a six-part series on how some destinations have touched
      PHOTOS: BLOOMBERG, TNP FILE PHOTO  -  964 words
  • Page 13 Advertisements
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      54 words

  • ECONOMY WATCH
    • 600 14 APEC SUMMIT Trading bloc seen as 'plan B' for Apec members if Doha talks fail AFP Bloomberg AP [HANOI] US Secretary of State Condoleezza Rice yesterday pushed the idea of a massive free trade zone stretching from China to Chile after 21 Asia-Pacific
      AFP; Bloomberg; AP  -  600 words
    • 458 14  -  By CHUANG PECK MING in Hanoi PRIME Minister Lee Hsien Loong, due to arrive in Hanoi today for the 14th AsiaPacific Economic Cooperation (Apec) leaders' meeting, is expected to lend Singapore's support to the push for a free trade zone in the Asia-Pacific region
      458 words
    • 492 14 Bloomberg Reuters [BALI] The People's Bank of China, which holds US$l trillion in currency reserves, has been buying yen, deputy governor Wu Xiao ling said. Asked whether the central bank had been purchasing the currency, Ms Wu said: "We have." She
      Bloomberg; Reuters  -  492 words
    • 419 14  -  By ANTHONY ROWLEY in Tokyo EXPECTATION of an early rise in Japanese interest rates is building after Bank of Japan (BOJ) governor Toshihiko Fukui said that he "refused to rule out" the possibility of another hike before year end. Foreign exchange markets
      419 words
    • 402 14 Bloomberg [NEW YORK] Robert Rubin, Treasury secretary under President Bill Clinton, and former Federal Reserve chairman Paul Volcker said foreign investors probably will not keep increasing US dollar holdings, raising the risk of a slump in the currency. Failure by the US government to
      Bloomberg  -  402 words
  • Page 14 Advertisements
    • 65 14 I iw M m v x\ raHl /5/i» A dJMwf i&\ii Wkjm J/f h Jtji m> 4 ~43§I3kBTCKf H ?*&*£2fiߣBSß t if f- awbV" w- v r A im fl «r Jm'c 1 vy\ JB i ,I J, i .^■RJ^HbHSHHBHBHHHBk EST? O 1954 SINCERE finewatches NGEE ANN CITY TEL (65)
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  • MALAYSIA/INDONESIA
    • 471 15 Umno delegates warn against concessions on religious issues Bloomberg [KUALA LUMPUR] Malaysia's leader denied yesterday that race relations in the multi-ethnic country have become worrisome, as ruling party officials urged ethnic Chinese and Indian minorities to respect Islam's status. Delegates attending
      Bloomberg; BLOOMBERG  -  471 words
    • 337 15 Reuters [JAKARTA] Indonesia's annual economic growth accelerated broadly in line with expectations in the third quarter, thanks to strong exports and steady private consumption, data showed yesterday. South-east Asia's largest economy expanded in the third quarter by 5.52 per cent from a year
      Reuters  -  337 words
    • 131 15 Bloomberg [JAKARTA] Indonesia's central bank said there is a possibility for its benchmark interest rate to fall below 10 per cent this year as inflation slows. "The possibility is there, but we will see from time to time the development in November and
      Bloomberg  -  131 words
    • BRIEFLY ASIA
      • 80 15 Bloomberg [JAKARTA] Indonesia plans to sell a 5.22 per cent stake in PT Bank Internasional Indonesia to raise funds for the state budget, the finance ministry said on Wednesday. The lender is 57 per cent-owned by Sorak Financial Holdings, in turn controlled by
        Bloomberg  -  80 words
      • 55 15 Reuters [BEIJING] Chen Geng has retired as head of state-owned China National Petroleum Corporation, the country's top oil and gas producer and parent of PetroChina Co Ltd, a newspaper sponsored by the company said yesterday. He has been replaced by vice-president Jiang Jiemin,
        Reuters  -  55 words
      • 68 15 Reuters [SHANGHAI] Bank of Communications (BoCom), China's fifth-largest lender, posted a 40 per cent rise in third-quarter net profit yesterday, driven by strong loan growth. The bank plans to issue up to 4.5 billion domestic A-shares in a Shanghai Stock Exchange listing, vice-president Peng
        Reuters  -  68 words
    • 211 15 Bloomberg [KUALA LUMPUR] Malaysia must offer government contracts equally to local and US companies to seal a free trade accord next year, said the head of the United States delegation negotiating the agreement. "It's a sensitive issue and they're going to need to consider it
      Bloomberg  -  211 words
    • 355 15  -  By S JAYASANKARAN in Kuala Lumpur MALAYSIAN political and defence analyst Abdul Razak Baginda, 46, was yesterday charged with abetting in the murder of Mongolian businesswoman Altantuya Shariibuu, setting the stage for one of Malaysia's most sensational murder trials ever. The case is
      AFP  -  355 words
  • Page 15 Advertisements
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  • GREATER CHINA
    • 368 16 Its consortium will pay US$3.1b for 85.6% stake in Guangdong bank AP Reuters [BEIJING] A Citigroup-led investment team has won a year-long bidding war by overseas suitors for a stake in China's Guangdong Development Bank (GDB), an official of the biggest US
      AP; Reuters  -  368 words
    • 175 16 AP [LAS VEGAS] The company run by billionaire Steve Wynn has announced an expansion for the Wynn Macau casino resort, just two months after its opening. The new Wynn Diamond Suites hotel would have its own casino, retail space and restaurants, according to a
      AP  -  175 words
    • 260 16 AFP [NEW YORK] A Hong Kong real estate tycoon has paid the highest amount ever for a work by pop art icon Andy Warhol, with the purchase of a portrait of Mao Zedong for US$l7.4 million at an auction here. Self-made billionaire
      AFP  -  260 words
    • 349 16 It ends speculation that it may sell 3 UK, list 3G assets Reuters [LONDON] Hong Kong conglomerate Hutchison Whampoa on Wednesday doused growing speculation that its 3 UK mobile business could be up for sale and said it had no plans to
      Reuters  -  349 words
    • 2199 16 VOl Gamuda 4.74 OW 5462 «rW m *h rim General Corp 038 i«h 58 WW -100 176 AAMftaafty 136 unch 4 George Kant OJi 0.01 92' Afar* 034 001 *2 ril TjlMin 022 001 3478 ACPmduRrtM 136 "OOI #24 GiobetroniaTech 033 OOI #005 Advance Synergy 023 002 4206
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  • Page 16 Advertisements
    • 53 16 PTBONUS T 1 ,v-- -Vs3o nett for two diners at One-Ninety or Jiang-Nan Chun, Four Seasons Hotel, Singapore i j- t .r > ~.J Another irresistible offer to celebrate BJ's 30th anniversary. Check out 4& The Business Times tomorrow to qualify. Jl i 1 ji Ik :JM m mm* MMiimuo
      53 words

  • INDIA
    • 358 17 Bloomberg [NEW DELHI] Pantaloon Retail India Ltd, the country's biggest publicly traded retailer, will spend US$l billion to fight off competition from Reliance Industries Ltd, the nation's second-biggest company by market value. Pantaloon plans to sell stakes in some of its units
      Bloomberg; BLOOMBERG  -  358 words
    • 248 17 [MUMBAI] In a move that signals its pullout from India, Egyptian mobile phone operator Orascom is planning to divest around 5-7.3 per cent of its stake in Hutchison Telecom International, the joint venture partner of Indian mobile service provider Hutchison
      248 words
    • 534 17 56 deals announced this year-worth US$38.7b- eclipse last year's record Bloomberg [SINGAPORE] Tata Steel Ltd's planned US$B billion purchase of Corus Group pic is giving Indian companies, including drug-mak-ers, confidence to scout for bigger acquisitions abroad, bankers at ABN Amro Holding NV
      Bloomberg  -  534 words
  • Page 17 Advertisements
    • 72 17 MCMrNTS k.rw wi 7 i#s» «<•■» r >' »>' > '•<«•• fi» :r 1 I 1 <' (f) A M•iiiiini*.' "I ill* 1'i' t I'!.« 11 V-tt > 11< .Hi I J< 11* LV rn I tfii' r 1 I;.'lil 1 1' I'"" ff| il,i .*ff.t11 < < ii in
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    • 135 17 5 H Sln KB B I Bp jm >: 18 t-PHMg 2007 O Businessman of the Year Award M y Nomination Presented to the most deserving individual for outstanding corporate success. He or Name: she has shown exemplary leadership qualities, and has demonstrated extraordinary business and financial skills. Designate: Company:
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  • MIDDLE EAST
    • 573 18 Move is part of group's development of Cape Town mall Bloomberg [DUABI] Dubai World, which manages state assets for the Persian Gulf emirate, may enter the South African mortgage market as part of the group's development of the Victoria Alfred Waterfront shopping mall
      Bloomberg  -  573 words
    • 408 18 Infrastructure boom there may spur their growth Reuters [MANAMA] Islamic investors are looking to channel money into a Middle East infrastructure boom, which is likely to lead to the growth and development of banks and funds that follow Islamic law. Delegates at a recent conference
      Reuters  -  408 words
    • 33 18  -  By CLARENCE MICHAEL In Dubai DUBAJ is planing a masive US$19 billion township which can house 235,000 people and will also feature business sacilites.
      33 words
    • 402 18 Bloomberg [TEHERAN] Iran will not have oil to export by 2019 if domestic consumption keeps growing at the same pace, a member of the country's Parliamentary energy commission said. "If domestic consumption continued in the current manner, Iran will
      Bloomberg  -  402 words
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  • ASIA-PACIFIC/WORLD
    • 588 19 LATEST US DATA This offers more evidence that inflation pressures beginning to ease AP Reuters AFP [WASHINGTON] US consumer prices, helped by another huge decline in petrol pump prices, fell for a second straight month in October, providing more relief to Americans battered earlier
      AP; Reuters; AFP  -  588 words
    • 409 19 Temasek may be forced to shed some of its stake AFP [BANGKOK] A special police panel will next week begin looking at possible violations of foreign ownership laws in the purchase of Thai telecommunications company Shin Corp by Singapore's Temasek Holdings. Thai
      AFP  -  409 words
    • 721 19 AP Reuters [NEW YORK] Having vanquished its rival in the takeover battle for stock exchange operator Euronext NV, it would seem that the New York Stock Exchange is poised to dominate global equities trading. Yet the ev-er-evolving world stock market is creating new opportunities
      AP; Reuters; REUTERS  -  721 words
    • 468 19 Bloomberg [BANGKOK] Thai corporate profit dropped in the third quarter as a political stalemate undermined confidence among consumers, who delayed purchases on goods such as homes from property developers including Land 8t Houses Pel. The combined profit for 47 of the 50
      Bloomberg  -  468 words
    • 167 19 Reuters [BOSTON] Worldwide sales of semiconductors are set to; 3 rise 10 per cent to U*****.8 billion in 2007 r "JJ and 10.8 per cent to U*****.4 billion in 2008, J the Semiconductor Industry Association (SIA) said yesterday. The SIA also expected industry
      Reuters  -  167 words
  • Page 19 Advertisements
    • 285 19 Diners Club Card r«.w»«"64i***** aHHHBiI A WorU of Exclun* PrhiUge. Treat, (0% www.ainerB.com.mg 60 Reasons To Feast Again Savour delectable dishes in our popular *60 Dishes Deluxe Feast' such as Braised Shark's Fin Soup with Crabmeat. Shredded Pork with Garlic fit Chilli Sauce, Chengdu Diced Chicken with Spicy Bean Paste
      285 words
    • 105 19 2004 Growers TatachiUa SemUlon Sauvignon Blanc Named after the small band of dedicated growers M who supply the fully flavoured grapes from premitiri* South Australian vineyards. Light straw hue with a& crisp un-oaky palate exploded* a bouquet of ripe tropical citrus fruits with zesty finish. 2003 Partners Cabernet i Shiraz
      105 words

  • AVIATION
    • 728 20 AIRLINE CONSOLIDATION But some potential tie-ups can be ruled out because of route overlap [MINNEAPOLIS] Whether or not US Airways manages to buy Delta Air Lines, more US airline mergers could be on the way, analysts said. On Wednesday, US Airways
      AP  -  728 words
    • 507 20 Bloomberg 2001: American-TWA AMR Corp's American Airlines bought the aircraft and other assets of Trans World Airlines Inc from bankruptcy in April 2001 for US$2.B billion in cash and assumed aircraft leases and other debt The deal made AMR, of Fort Worth, TexaSk
      Bloomberg  -  507 words
    • 655 20 He foresees consolidation for battered industry Reuters (WASHINGTON] The US$B billion bid for Delta Air Lines led by Doug Parker jolted the industry on Wednesday, but the chief executive officer who pulled off the last big US airline merger is simply sticking to his
      Reuters; BLOOMBERG  -  655 words
    • 150 20  -  By VEN SREENIVASAN SINGAPORE Airlines has introduced auto check-in machines at the airport and two-dimensional (2D) barcoded boarding passes. The new services offer customers more check-in options while reducing the time spent at the airport, by enabling customers to bypass the queues and check themselves in
      DOMINIC WONG/ST  -  150 words
    • 504 20 Reuters [PARIS] Aerospace group EADS denied plans to let Gulf investors buy part of Airbus to fill a vacuum left when its British partner walked away from a costly new aircraft, but doubts remained over how the plane will be funded. Daily
      Reuters  -  504 words
    • LOG BOOK
      • 86 20 AFP [KUALA LUMPUR] Asia's largest budget carrier Air Asia on Wednesday said it may order another 60 A 320 Airbus aircraft bringing the total to 160 planes to meet a surge in passenger traffic. "This is my gut feeling. We may firm an order
        AFP  -  86 words
      • 99 20 Reuters [LONDON] British airport operator BAA said on Wednesday it would invest in 500 new security staff and spend more money on x-ray machines following a security alert at London airports. "Our additional investment in nearly 500 new security staff amounts to an
        Reuters  -  99 words
      • 57 20 Bloomberg [HONG KONG] Hong Kong Dragon Airlines Ltd flew more passengers for the 36th month in a row, helped by rising demand for business travel to Beijing and Hong Kong. The airline flew 498,129 passengers last month, 4.9 per cent more than a year
        Bloomberg  -  57 words
      • 93 20 Reuters [NEW YORK] Airline passengers will be able to connect their iPods to in-flight entertainment systems and watch their favourite videos without fear of running out 9f battery power while travelling on any of at least four major carriers, iPod maker Apple
        Reuters  -  93 words

  • SHIPPING
    • 528 21  -  Shipmasters reminded of rules aimed to prevent collisions at sea By DONALD URQUHART [SINGAPORE] Speeding is a problem not only on Singapore roads but also in the Singapore Strait and the Maritime Port Authority (MPA) has issued a circular to the
      FILE PHOTO  -  528 words
    • 790 21  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE sinking of a timber barge in calm waters while tied alongside a wharf is not a loss that can be said to be caused by the "perils of the sea", a Canadian appeals court ruled last month.
      790 words
    • 206 21 Bloomberg [SINGAPORE! Daewoo Shipbuilding Marine Engineering Co, the world's second-largest shipyard, said its profit in October rose 37 per cent from a year earlier because of a stronger won against the US dollar. Net income increased to 23.5 billion won
      Bloomberg  -  206 words
    • 311 21 Increase due to China's rising trade activity Bloomberg [HONG KONG] Hutchison Whampoa Ltd, PSA International and other operators at Hong Kong's sea port handled 4.2 per cent more containers in October, helped by China's rising trade. Cargo volume at Hong Kong, the world's
      Bloomberg  -  311 words
    • 149 21 Reuters [LONDON] British shipping broker ACM Shipping pic said on Monday that it intended to float on London's Alternative Investment Market (AIM) before the end of the year. The company said it wanted to raise £8 million (5523.5 million) through the share
      Reuters  -  149 words
    • 280 21 Reuters [HANOI] A Vietnamese oil tanker firm valued at U5524.6 million said on Wednesday it would make its share debut late next month on the country's main stock market, Asia's fastest growing exchange this year. The Vietnam Petroleum Transport Co, also
      Reuters  -  280 words
    • 284 21 ■PHHf' '0f0 w»i< ss w vol CH Offshore o5o unS 384 Chuan Hup j031 unch 3717 Cosco Corporation. -2.00 -0.04 1S619 CWT Distribution -....0.59 -0.01 312 EzraHktas 3.68 -0-28 1633 FrcidKtunia 0XJ7 unch 1048 Grand Banks Yacht. 0J6 0.01 20 Java Holdings 1.40 0.03 2218 K1 Venture 0.40
      284 words
  • Page 21 Advertisements
    • 29 21 Get a Leading Edge I Your sailing schedules get wider attention in The Business Times shipping pages I Call Bernard Ong at 6319-1645 I or Michael Ding at 6319-2026
      29 words

  • EDITORIAL & OPINION
    • 554 22 EDITORIAL IF EVER events pointed to an early realignment of exchange rates among leading currencies the dollar and the yen in particular but also those of other currencies that time is now. The past week has provided a possibly unique conjunction of events that
      554 words
    • 826 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group AMONG Washington lobbyists, policy analysts, congressional staffers and journalists, the game last week was to figure out how the Democrats' capture of Congress will refashion legislative agendas. One answer is that we
      The Washington Post Writers Group  -  826 words
    • 926 22  -  Its most Innovative feature is its resemblance to a gambler at a casino, doubling up when bets go awry by shifting chips from the safety of his pile to the danger of the bane By MARK GILBERT Bloomberg ear Sir/Madam, your details
      Bloomberg; AFP  -  926 words
    • 1141 23  -  Analysts agree that the country is enjoying a more sustainable economic upswing than the one in the 1990s Reports by ANNA TEO WITH the economy headed ss straight year of abovetrend growth, and rosy prospects for 2007, could Singapore be entering what one economist calls
      FILE PHOTO  -  1,141 words
    • 196 23  -  LETTER TO THE EDITOR Eddie Sim Corporate Communications Officer Singapore Polytechnic I REFER to the letter, "Upgrade SMA's status to varsity'' (BT, Oct 18). We would Uke to thank the writer for his suggestion that the Singapore Maritime Academy (SMA) should be given
      196 words
    • 672 23 WAGES have continued to rise for Singapore's middle and high income earners over the past nine years but have stagnated at the bottom. And tackling this disparity is one of the government's top priorities, Prime Minister Lee Hsien Loong said this
      AP  -  672 words

  • Page 23 Advertisements
    • 78 23 JV —'V i J* v. x«w i •*r- W. t' r ?Zwr*l''' >v3>-.. **«.i •■■?<»' J i THE BULL RUN CONTINUES ...INPICTURES I j? 6 S 'I^HB "IK I Enjoyed the Bull Run charity race last Friday? Then be sure to grab a copy of The Business Times tomorrow. We
      78 words

  • 7310 24 SGX MAINBOARD S2Wk T«l Last Vol Day UrtQ-o* W» GrtW MM MUm I High Low Coda Cowpany Sdo COCO) Hfrh lw Sdter Cw HI W _ll 35 1 5716 1st Software 2.5 -05 ,99 25 25 2.5 3 10.1 115 6 3148 STelecom 9 unch 1010 9 9
    7,310 words
  • Page 24 Advertisements
    • 35 24 Trade 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

  • 5555 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la local cm m USS X dy %yr %&f yr dy %yr Nov 15 Index Chang* Change Owm Chang* Chanqt Ouryt World index Preliminary 1078.7 0.4 113 05 7.4 63 14.5 S £AF£ Preliminary 1060.6 0.5 HjD OA 106 03 173 Europe Preliminary
    5,555 words

  • Page 26 Advertisements
    • 1367 26 UK CONTINENT SERVICE SERVICE Destination Desti notion DD LEADER RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOL/SAV y Loads Singapore, E./W. Malaysia, Indonesia E yw. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia load* E. Malaysia, Indonesia
      1,367 words
    • 633 26 liwwamwo fwa ~1 vtssa/vor Bffij hbqwp) go 5® 51! ouvu* 5 4 JJJJJ OKWOEXFttSSIO 50 4J JjJ HOI OtOTOBMBSII I SO I 15 1 [AUSTRALIAN ROKO SnVKK 'Jra/Ww '""TißimTlSSlMr Ifl SYP MB API FM JtT MM 10_ ftm/jy SO 4i 15-15/10 2»-»/10 31 31/10 07-03/11 054)5/11 W-W/ll 14-14/11 1»-1»/11 fosnwiittoa/oo*
      633 words

  • Page 27 Advertisements
    • 1112 27 WAN HAJINTBINATIONAL PTE LTD a NO: 14+9W0000/7 TH: *****5 M (14 UWS) FAX: *****163 WxWAN HAI LINES ssaatSRSS!JSmL- 1 JOM WL H7) 2518T0 HUt (07J251W71 SM (Ml) J*****5 FAX: |M 1) 1WT714/ JWl*5 www w.nhoi cm JD*:(ni)JWI«f«:|BDS»<7«FUIM:7UW7UW WL7l4B* 1 www.wannai.com.sg MW:|Oti)«iS7mra:|OH)4lsBWS/4I«HW rcu aw ww nw m k un__m m_ _jm
      1,112 words
    • 860 27 Tin EASTERN CAR LINER, LTD yj 1 SPECIALIZEIM RORO HEAVY UFT UfTO 450 TONS ■h»a-«u samg vot uhH v* m row mmn rm *t 10 1 roows_ DfWIfUWATI fi~ 40 73/11 z Z ffflj ~i nflr3g!E _i_ AUA cTif 1C 50 25/11 M/ll W/11 Oil? Seiz: =n= =i= Jar :bz2=
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    • 521 27 w aoas& WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS vtssa I VOT Ism |r.tuiic|cou)w»o luswv* coichmo UIIAWDW OlOfW 13 MO* 14 WOV 17 WO* OMU OMT MttfHlUM* TWM47 I4WW ISWV HWW 71 WW ?SMOV HOWtAHH DOS7W 7\ WW BWW BWW WWW WDK HOttrgWU YWKWS
      521 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5011 28 This I r|T¥||T|[i fj fH»lliITTTinjPlMit11hrHNlhliPlll^1ll^^ ETA ETA Advwtfcar VMMi Voy«»# Tllipfcn ETA ETA A*wtiwr VjmmI V»yy SM oatfa To BARCELONA (BCN) 2042 Spain To ABIDJAN (ABJ) 2003 Cote D'lVOlr« 2 7/11 23/12 China Shpg ARABIAN EXPRESS 6046W *****898 2*11 04/01 Mmas CMA CGM CARIOCA
      5,011 words
  • Page 28 Advertisements
    • 409 28 IRISL, Qfh® (tell?!,S)®3{? S(H) Qlh® /M&sJlte 3@B(}j GKS(S®(pQ3 I tfhip&ygjlh IbSSU (fax? Q® (p®3mite 3® Ocrem ®a (S o Qo§o (StswinQirites ft® tfh® Gasifest) ydum* AGENT IN S PORE: SINOSE MARITIME PTE LTD AGENT IN MSIA: BOUSTEAD SHIPPING AGENCIES S.B. AGENT M INDONESIA: TEL: *****144 FAX: *****181 KLANG TEL: 03-*****388
      409 words
    • 212 28 KM —US ——mil IMI ilfumu |_w4__l__iBk_J-j^ fP%! fr= 1 —SIF- —S?H--lii 11 i MUJM=ft=MH IE IS jiSB jj3jjiiliipj 14/11 S/it I i*#i* I M/ 17 ssa yoT m nrnwu* o«TUOO«G Vmml |v»yy| 1 rtj 1 .<, 1 t»l Itf I «Wlitt|tWl«f|««j|Vn|«««| «M I*fl *M USB lii 1 111 I I
      212 words
    • 284 28 CONVENTIONAL SERVKE ETA SIN LOADING FOR 17 N6V BOMBAY, CHHTAGONG 18 NOV DUBAI. DAMMAM, KUWAIT 05 DK MALE, COLOMBO 06 DEC CHENNAI fiai GLORY NAVIGATION GROOPI I una 1*70) OWNS A OK RATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS COVCIUNO THE ENTIRE ASIA PACIFIC PORTS UOULAR WffKLT
      284 words


  • WINE/ENTERTAINMENT
    • 270 30  -  DVD By UMA SHANKARI THE year is 1183, and England's King Henry 11, having built up a kingdom stretching across Britain and France, needs to choose a successor. Angling for the throne are all three of his sons, whom he gathers together during winter to settle
      270 words
    • 1009 30  -  N K YONG finds some must-buys in the session, which also included a tasting of all the 2004's N K YONG THE invitation from Lorenza Sebasti, co-owner and managing director of Castello di Ama, to attend the conference she had organised at the
      1,009 words
    • 977 30 AFP [BORDEAUX, France] Wine-mak-ers in France's prime Bordeaux region have shrugged off warnings by experts over a rise in counterfeiting of top wines potentially worth millions of euros. While most top chateaux in Bordeaux, in France's south-west, have introduced measures to protect their wines
      AFP  -  977 words
  • Page 30 Advertisements
    • 76 30 am ■>-'m, Mora Amazina Gr^ziriQ I X Hi 1 muic miiaAiiiy v»icM....y ''"sKe! Qi mnct Stvfifitl hftffllltflll SlifMtSlV BflillCh |USt UM SHHHRI niiiiiminf»«su ■*>« nntu _i_f. wp V 11 W f I eS jSBBRip' Tssts ths olsufnour, tti6 6ff6rv6SC6ncs sod the contsmporsry vihp If ftrv now Ifs vwv frfisti tfs
      76 words
  • Page 30 Miscellaneous
    • 353 30 CRYPTIC CROSSWORD 4 Boy to eat gluttonously, gainACROSS ing energy (6) 5 Frenchman offering praise in 5 p| ot aga j n st one of the church church (6) high-ups? (8) 8 Hygiene problem gets one g A rumour two characters have sweetheart to become very in- tove a ff
      353 words

  • BOOKS/CINEMA
    • 595 31  -  off the cuff jaime ee DEAR Mr Person-in-charge, We, the undersigned, wish to comment on the upcoming increase in the GST from 5 per cent to 7 per cent. We are the founding members of a society devoted to the constant upgrading of consumer knowledge
      595 words
    • 724 31  -  Bid adieu to cheesy 007 installments, the new Bond is licensed to thrill, writes JAIME EE JAIME EE IT'S Bond. New Improved Bond. Guess what \ve like him. So you thought Sean Connery was too smarmy and misogynist. Maybe you dismissed Roger Moore as an
      AFP  -  724 words
    • 494 31 A fortnightly listing of the latest books available in S'pore NON-FICTION Trump 101 by Donald Trump with Meredith Mclver ($37.75) Trump releases a new book that teaches, in his characteristic no-nonsense style, the qualities and skills needed for a business person to succeed. James Halliday's Australian Wine Companton
      494 words
    • 539 31  -  By PARVATHI NAYAR THE Art of Bond by Laurent Bouzereau (Boxtree, $90) looks at the artfully created persona of the man with the licence to kill over the course of his 21 movie incarnations. In an interview on James Bond fansite Ml 6,
      539 words
    • 492 31  -  We feature this week memoirs written by two famous business personalities By Kenneth James Tough Choices: A Memoir By Carty Fiorina Portfolio (Published by the Penguin Group), 319 pages, $38w/oGST LET'S play word association. "Carly"? Carly Fiorina. HP. CEO. Woman. Most Powerful. Sacked. It's a
      492 words
    • 373 31  -  By Ngiam Ying Lan iWoz: Computer Geek to Cult Icon: Getting to the Core of Apple's Inventor By Steve Wozhiak with Gina Smith Headline, 313 pages, $32.95 (w/o GST) AT the age of 10, Steve Wozniak couldn't decide whether he wanted to be an engineer or
      373 words

  • executive lifestyle
    • 750 32  -  VINCENT WEE looks at the trends in Internet shopping and discovers there is still some way to go before the e-commerce concept is fully embraced VINCENT WEE THE stereotypical statement that men do not shop, they buy stuff, is apparently as true in the online shopping
      JENNIFER CHUA  -  750 words
    • 599 32  -  By Vincent Wee THE one area in which online retail commerce seems to have been a success is eßay. Almost everyone who has made a transaction on the Internet has used the global online marketplace that trades just about everything, either for the sale itself
      599 words
  • Page 32 Advertisements
    • 145 32 Get a FREE companion ticket on Gulf Air when you charge with MasterCard SINGAPORE TO Sydney London Bahrain Dubai Doha Muscat First Class SGD 8,820 SGD 10,646 SGD 8,212 SGD 7,604 SGD 7,604 SGD 7,604 Business Class SGD 5,778 SGD 7,604 SGD 5,992 SGD 4,974 SGD 4,974 SGD 5,992 Sffer
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    • 8 32 CINEMA This Casino Vhits the jackpot PG 31
      8 words