The Business Times, 28 November 2006

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Total Pages: 32
1 32 The Business Times
  • 21 1 THE BUSINESS TIMES mamth ANNIVERSARY 3> Tuesday, November 28,2006 online at http-i/business-times.asial.com.sg A SINGAPORE PRESS HOUXNGS PUBLICATION MICA (P) *****/2006 sMAPißfc^Tants
    21 words
  • 551 1  -  By S JAYASANKARAN in Kuala Lumpur WHILE the deputy prime ministers of Singapore and Malaysia made contrasting speeches at a seminar in Kuala Lumpur, there was a common theme about the need for more economic cooperation and cross-border investment. Malaysia's Deputy Prime Minister Najib
    551 words
  • 139 1 Dsn 2,840.94 (+26.13) ST INDEX FUTURES 2,841.00 (+26.00) SIMSCI 346-26 (+3.13) SIMSO FUTURES 347.10 (+5.00) MARKETS Monday Change KLCOMP 1.06&29 >7.86 NKKEI225 15.885.38 +150.78 HANG SENG 19.204.01 -56.29 SET INDEX 734.66 +10.79 JAKARTA COMP 1.728.93 +11-20 MANILA COMP 2,817.56 -0.28 SEOUL COMP 1.425.13 +3.40 SHFNZHEN B ***** +5.58
    139 words
  • 968 1  -  Some analysts, fund managers are uncomfortable over implications for share dilution, earnings stability By TEH HOOI LING [SINGAPORE] Singaporelisted companies have issued more than Ssl.B billion of convertible bonds this year significantly higher than last year. And more and more China
    968 words
  • Page 1 Advertisements
    • 10 1 £Pj SMALL CAPS f Adampak gears up PAGE 15 8
      10 words
    • 57 1 iWOW software attracts top phone makers PAGE 14 HDB OWNERSHIP When contributions to renovations matter PAGE 2 ifc? A INDEPENDENT directors S0 Sing^XK^weaskwhenisitallrightfor j E8A a director to quit page 10 o W ffiirPirik e 'wmhHHk e ft': f Rtf| e tyjj;A '.tJtctUT Ii jr Montres Breguet SA. Valine de
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    • 20 1 CURRENCIES US dollar plummets to fresh lows for year PAGE 2 PROPERTY CKTang store, Marriott Hotel not for sate MGE32
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  • TOP STORIES
    • 444 2 CIMB announces plan for world's biggest palm oil firm MALAYSIA yesterday announced details of a RM3I billion (Ssl 3.2 billion) plan to create the world's biggest palm oil company, with profits of RM2 billion a year. A special purpose company called Synergy Drive will buy the assets and
      444 words
    • 568 2  -  Currency watchers warn of more weakness because of 'China factor' By LARRY WEE [SINGAPORE] The US dollar in Asian trading yesterday was forced to extend already painful losses late last week, recording fresh lows not seen in months, if not years.
      Source: Reuters  -  568 words
    • 515 2  -  By WEE LI-EN [SINGAPORE] Contributions to renovation costs can be considered when determining various parties' shares in a piece of property, and this applies both to HDB flats and private property, a High Court ruling has determined. The decision by Judge
      515 words
    • 687 2  -  By CHUANG PECK MING in Riyadh, Saudi Arabia IT'S not just Singapore that is keen to do business with Saudi Arabia. The oil-rich kingdom seems just as enthusiastic about Singapore. Saudi business leaders meeting Prime Minister Lee Hsien Loong yesterday invited Singapore to look
      DESMOND WEE/ST  -  687 words
    • 712 3  -  Special-purpose firm to buy assets and liabilities of 8 listed companies By S JAYASANKARAN in Kuala Lumpur MALAYSIA yesterday announced details of a RM3I billion (5513.3 billion) plan to create the world's biggest palm oil company the fifth biggest company
      FILE PHOTO  -  712 words
    • 396 3  - Raffles Edu share options from CEO's own stake By MICHELLE QUAH [SINGAPORE] It's a remuneration plan with a difference: the chief executive of Raffles Education Corporation is sharing a piece of his own wealth with his staff. Raffles Education announced yesterday that it had been informed by its executive chairman
      396 words
  • Page 2 Advertisements
    • 222 2 people Clients wanted. (Only excellent companies need apply) www.thepeopleatwork.com Asia-Pacific Executive Search '„< r mirriiii T *1" jg n i S JIHK ■■|S m r H jdfljH 4^^hEBH^^ Join us for the first Executive Seminar on Solutions to Compliance with Existing and Emerging RoHS Regulations Worldwide Hfc To remain competitive,
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 422 4  -  It ties up with Morgan Stanley in revised bid at A$1.30 a share By ANGELA TAN PROPERTY-RELATED Tuan Sing Holdings has teamed up with Morgan Stanley Real Estate to make a revised takeover bid for Australia's Grand Hotel Group (GHG) at
      422 words
    • 784 4  -  HOCK LOCK SIEW By WONG WEI KONG OEI Hong Leong may have helped rescue scandal-hit Citiraya Industries now Centillion from disaster but the tycoon's track record at International Capital Investment (ICI), formerly known as Jurong Engineering, has not been as notable
      784 words
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  • COMPANIES: CHINA STOCKS
    • 636 5  -  Statement comes ahead of Thursday's showdown vote by PCRD shareholders By SIOW LI SEN JUST days ahead of the showdown vote in- Singapore by shareholders of telecoms company Pacific Century Regional Development (PCRD), its 23 per cent-owned unit PCCW has come
      ARTHUR LEE  -  636 words
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  • COMPANY NEWS
    • 538 6  -  But setback will not affect ThumbDrive patents in other countries: CEO By ROLAND LIM THE revocation of ThumbDrive inventor Trek 2000 International's UK patent for its portable USB data storage device will not affect other patents that it has been granted or those that it
      FILE PHOTO  -  538 words
    • 235 6 IPO WATCH Reuters [TAIPEI] Singapore-based eSys Technologies Pte Ltd, a distributor of information technology components', plans to list its shares in either Singapore or Dubai in early 2QO&, a companyu,*. official said yesterday. eSys' clients include South Korea's Samsung Electronics Co
      Reuters  -  235 words
    • 267 6  -  By MICHELLE QUAH THE Finance Ministry has appointed three new faces to the Council on Corporate Disclosure and Governance (CCDG) from Dec 1. They are Keppel Land's chief financial officer Choo Chin Teck, Qian Hu Corporation's finance director Lai Chin Yee, and Singapore
      267 words
    • 336 6  -  By ROLAND LIM PACIFIC Internet said yesterday that it had met all legal requirements to convene its recent extraordinary meeting held on Nov 7, saying that the objection by its largest shareholder, Mediaßing. was "misconceived". In a release yesterday, PacNet said it had
      336 words
    • 288 6  -  By DONALD URQUHART SHARES of Neptune Orient Lines, which operates the world's ninthlargest container line APL, rose as much as 7 per cent to $2.13 yesterday in reaction to a research report suggesting the line may seek joint ventures with other terminal
      288 words
  • Page 6 Advertisements
    • 248 6 I >iSwinriSnLn,. V I "amwwTiw! *'^§1 FfffeiPflF WIRELESS LllfiX HEADPHONE rffCJt ark. Jf m MraNMBfM TMRtSTMMSNSOMftS More details in this issue! DECEMBER ISSUE OUT MOW! tra magazines UMjWjjMIJI HeardQl about '|j Skype: I Another new Ml Phrase on the A\\\\\ jami»Uorißnted >fi||||||l ijradiool ftf Hotline 6691 1913 SMS 9766 Radio
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  • Page 7 Advertisements
    • 225 7 Hphv EVERGRO li A MEMBER OF THE KEPPEL GROUP "V Embracing Change, Enhancing Growth Hf I <-'•;!■ mhbßm lIMMHBMH v -ISMgrH- -^1 v ,f x u f\ w l" -l^y Bll'liiM *OSlfe fIHKS^^HIB JBi lsliJail lyßff Itrip*^^j^BßKHMH^maiaMlliiHMi^^WlMKiii..;SHM^BßßB^^iri^...j,- y^K '188 I Growth I Strength I Endurance I Integrity .I j n
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  • SINGAPORE MARKETS
    • 516 8  -  STOCKS Semiconductor sector leads second line activity as index gains 26 points to hit new high R SIVANITHY Senior Correspondent AFTER dropping 24 points on Friday, the Straits Times Index came bouncing back with a 26.13point rise yesterday to 2,840,94 as traders shrugged
      Source: Bloomberg  -  516 words
    • 887 8 Source: Reuters SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Nov 27 and earlier) Subsantial Mo of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sefi 000 shf 0001 s 0001 AEICorp 27-Nov-06 Sinta Muchtar *PL ***** 0.13 Iflyq 18 58 AEt Corp 27-Nov-06 Lauw
      Source: Reuters  -  887 words
    • 517 8  -  Compiled by MATTHEW PHAN Enviro-Hub Nov 27 dose: €15 cents KIM ENG RESEARCH. Nov 27 THE integrated e-waste recycler E- Hub is a major environment management group and e-waste recycler in the Asia-Pacific. The group's turnkey capabilities in recycling and refining base metals, ferrous metals, precious metals, engineering
      517 words
    • 113 8  -  CHART POINT By YEO KEE YAN chartist at Kelive Research IN our last technical update on the Straits Times Index, we predicted that the index will attempt 2,823 before correcting. Indeed, 2,823 was achieved as anticipated and the subsequent dip halted at 2,771. With
      Source: NexMEW  -  113 words
    • 498 8 CURRENCIES Reuters [NEW YORK] The dollar fell against the euro yesterday, touching a fresh 20-month low against the euro, though it regained some ground after France's finance minister said it was important to be highly vigilant on the dollar's recent weakness. The euro
      Reuters; BLOOMBERG  -  498 words

  • COMPANY NEWS
    • 575 9  -  By CLARENCE MICHAEL in Dubai SINGAPORE-LISTED Banyan Tree Holdings has made significant inroads into the Middle East market, lining up six new projects in the United Arab Emirates alone on top of the four facilities it is currently operating in the region, according
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    • 423 9  -  Increase will be due to 22% higher price of ComfortDelGro's Sonata fleet By SAMUEL EE COMFORTDELGRO'S new Hyundai Sonata taxis may have a higher flagdown rate than the Toyota Crown models they will be replacing. The land transport giant yesterday announced that it
      423 words
    • COMPANY BRIEFS
      • 59 9 SERIAL System has sold another three million shares or a 1.86 per cent stake in Wintech Microelectronics, paring its holding to 12.18 per cent. The shares were sold on the open market of the Taiwan Stock Exchange for NT$B9.3 million (554.47
        59 words
      • 80 9 DAYEN Environmental has agreed to issue three million new shares in the company, at 55 cents each, to Al-Julanar SA—the private investment arm of one of the world's largest international contractors, Consolidated Contractors Company. The new shares represent about 3.72 per cent
        80 words
      • 66 9 MEDI-FLEX has entered into a subscription agreement with Top Glove Corporation Bhd, Regal Honour Investments Limited and Pacal Consulting Pte Ltd for the three companies to subscribe for a total 0f328.3 million new shares in the company at an issue
        66 words
      • 72 9 BRILLIANT Manufacturing slipped into the red for the year ended Sept 30,2006, reporting a $9.4 million net loss, compared with a $15.3 million net profit the year before. The poorer performance was mainly due to a 25 per cent year-on-year
        72 words
      • 72 9 CAPITALAND announced yesterday that it has received valid acceptances amounting to 320.45 million shares—or a 15.01 p6r cent stake—in respect of its exit offer to Raffles Holdings shareholders. Capita Land owned about 59 per cent of Raffles before the latter's meeting last
        72 words
  • Page 9 Advertisements
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  • FOCUS: INDEPENDENT DIRECTORS
    • 1817 10  -  While S'pore law is silent on the subject, corporate governance advocates are split on IDs' leaving boards when the going gets tough Reports by Michelle Quah THE law in Singapore may be forgiving of independent directors (IDs) who quit when the going
      1,817 words
    • 691 10 Hong Kong HONG Kong has taken a strong stance on directors who resign for no good reason. The head of the securities watchdog there issued a stern warning last month to directors who bail out of troubled companies under the übiquitous banner of "personal reasons". "In
      691 words
    • 575 10 WHILE some independent directors (IDs) have bolted at the first sign of trouble, there have been others who have stuck with their companies through thick and thin and against all odds truly embodying what it means to fully discharge their duties as
      575 words

  • SINGAPORE NEWS
    • 482 11  -  By VINCENT WEE SINGAPORE'S efforts towards becoming a global media exchange for media products and services received an $80 million boost yesterday with a loan guarantee facility to involve local producers in the production of international films. The facility will be used to
      482 words
    • 385 11  -  Local spending on health care is 4.5% of GDP or half the OECD average By ANNA TEO SINGAPORE'S Medisave and national medical insurance schemes have been held up as a "model for value-based healthcare transformation" in an IBM study: The study by researchers from
      FILE PHOTO  -  385 words
    • 372 11  -  Legend lends name to sports stadium, academy hotel By ARTHUR SIM SOCCER legend Pele was in 'town yesterday to give an extra kick to Eighth Wonder's bid to build its planned Harry's Island resort on Sentosa. A sports stadium and football academy
      DOMINIC WONG/ST  -  372 words
    • 332 11  -  By MICHELLE QUAH THE growing ties between Singapore and Australia were recognised at the AustCham Silver Jubilee Business Awards 2006 last Friday, held in conjunction with the Australian Chamber of Commerce's (AustCham) 25th anniversary. Prominent architect Kerry Hill, who runs the Singapore-based Kerry
      332 words
    • 272 11  -  By ARTHUR SIM SINGAPOREANS bought 26 bungalow plots in a new development in Christchurch, New Zealand, at the weekend, accounting for 60 per cent of the 44 transactions. A total of 52 plots were launched in Singapore. Vincent Chong, associate director (residential) at Colliers
      272 words
    • 190 11 Reuters r /r.'i 4' if r. SINGAPORE'S business receipts index, measuring activity in the services industry, posted the slowest pace of growth in three years as revenue in the financial and insurance services sector fell, official data showed yesterday. The index rose 1.3
      Reuters  -  190 words
  • Page 11 Advertisements
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  • ENTREPRENEURSHIP AWARDS
    • 289 12 THERE were cjieers and toasts all around at the Ernst Young Entrepreneur of the Year awards gala dinner held at the Ritz-Carlton on Nov 21 in honour of entrepreneurship in Singapore. David Teo of Super Coffeemix was named entrepreneur of the year as well as winning the
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  • Page 13 Advertisements
    • 81 13 A Salute to Wee Cho Yaw Chairman CEO, UOB Group JV Credit Suisse Ernst Young n V few. BL I m J vy& mIH wm V R;l 1 i 1 V p|'' JM p|'' H£fl l~ I■■ 1J BM I ■--.■'^•w^^y•-... im B| 8:r 111 J|nß4 [^n^m 5 [Br 1
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  • SMEspotlight
    • 1178 14  -  iWOW Technology has carved a niche for itself by being competitive through its continual creation of IP. NANDE KHIN reports NANDE KHIN That snazzy mobile phone of yours may have been made by one of the top mobile phone makers in the world, but the software
      YEMMENG JIIN  -  1,178 words
    • 1216 15  -  SMALL CAPS Producer of customised labels Adampak sees the potential for strong growth in smart tags in the near future, writes NANDE KHIN NANDE KHIN ADAMPAK Ltd, which manufactures labels and die-cut components, is gearing up to tap the growing global demand for
      1,216 words
    • 322 15  -  By TEH HOOI LING SINGAPORE stocks, continue to show strength as the Straits Times Indefc has climbed to yet another record high. Our portfolio also advanced, although the gain is not as impressive as that of the STI. It added 1.7 per cent,
      322 words
  • Page 14 Advertisements
    • 187 14 I VVw ■E#Sj EVERY CHILD CAN ■If EXCELLENCE** F 1 i ait I 11 I GIVE CTAMD THE *®Wr 'fgmmS^p, cHHff Mmmß «>«««* fV Last year, close to 8,000 students benefited from The Straits Times School flHPocket Money Fund. The fund provides pocket money for children from low-income families to
      187 words
    • 93 14 The Enterprise 50 Awards, now in their 12th year, recognise the top 50 privately held local companies that are outstanding in areas such as turnover and innovativeness. Companies are ranked based on performance indicators such as operating profit and profit growth. The eso.startup awards are for young entrepreneurs who show
      93 words

  • Page 15 Advertisements
    • 23 15 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices^sph.com.sg. MATS NOTICES
      23 words
    • 124 15 I IH M I 8 I 5 JMWMH||fI W < V ■■H ''pVH W/?' I ml 4 From 7 November to 26 December 2006, you can get your business running further with up to 20% off Microsoft's latest software and tools, including Windows Server 2003 R2, Small Business Server 2003
      124 words

  • ECONOMY WATCH
    • 769 16 Bloomberg [HONG KONG] The Hong Kong dollar's 23-year-old link to the US currency is getting strained as the city's economy grows closer to China. The interest rate banks charge each other to borrow the Hong Kong dollar for one
      Bloomberg  -  769 words
    • 549 16 Average spent over Thanksgiving weekend up 18.9% at US$360.15 Reuters [LOS ANGELES] Holiday shoppers over the weekend came out early and spent big across the US, merchants said on Sunday, as Internet sellers geared up foiHßMttpeetod surge in online sales yesterday. Christmas
      Reuters; BLOOMBERG  -  549 words
    • 423 16 AP [NEW DELHI] A potential water shortage and the spread of HIV infection pose some of the biggest risks to India's economic future, the country's finance minister said on Sunday as business executives from around the world gathered to discuss the opportunities and challenges
      AP  -  423 words
    • 551 16 Bloomberg [LONDON] One in three companies based in the UK have considered moving operations abroad because they say corporate taxes are too high and difficult to comply with, Britain's biggest employers' group said. A survey by the Confederation of British Industry (CBI) shows
      Bloomberg; AFP  -  551 words
  • Page 16 Advertisements
    • 868 16 [*at^ NO! ICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BARRELS EXPRESS PTE. LTD. (In Members' Voluntary UqukMion) Reg. No. *****2514 M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 34 Qui Avenue Singapore
      868 words
    • 401 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JAYA MAKMUR ENTERPRISE CO. (PTE) LTD, (In Membere' Votortary UquMstxxi Reg. No. *****0396K NOTICE OF RESOLUTIONS At an Extraordinary General Meeftng of the abovenamed Company duly convened and held at 22Tuaa Creecant Singapore *****6 on the
      401 words

  • DESTINATION DELIGHTS
    • 739 17 Travellers' tales are as varied and colourful as the places themselves. It could be the hospitality of the people, an unforgettable dining experience or just the scenic wonder of the place. Today, we bring you Seattle, the fifth in a sixpart series on how some destinations
      STARBUCKS, BEECHERS HANDMADE CHEESE PHOTOS BY BLOOMBERG  -  739 words
  • Page 17 Advertisements
    • 93 17 bH 'I 1 1 v ifl ■■■HHHHHH I a WMMIMMWBHHmmm ■HHHHPR 9 HnHBHHHHBm M ||^HB^9r£^^^^Hj^BflEßH^^HßHßp^| wmWA J^HHHGH^HHHHHHHHHRE carrier, it's like taking my office with me without the interruptions. And when I've finished working on the bluepnnts, I can always indulge in more than 40 channels o movies, musk and games
      93 words

  • MALAYSIA/INDONESIA
    • 425 18 Bank sector shares AMMB, Affin jump to highs on talk of stake sales Bloomberg [KUALA LUMPUR] Malaysian stocks rose for a fifth day yesterday, as the market gets set to record the longest stretch of gains in a month. AMMB Holdings Bhd climbed to its highest
      Bloomberg; Source: Bloomberg  -  425 words
    • 370 18 AFP [TOKYO] Indonesian President Susilo Bambang Yudhoyono yesterday pledged good governance after receiving an honorary doctorate as part of his visit to major'investor Japan, where he is set to seal the framework for a free trade deal. He became Indonesia's first directly elected leader
      AFP; AP  -  370 words
    • 2231 18 vol Gamuda AM 0.06 4922 Hov27 KM W- C88» General Corp .067 -001 53 Genting .29.25 -0.75 114B ASM Realty 136 wich 0 GeorgeKent 0.59 unch 135 033 "001 75 GHL Systems .024 0.02 ***** ACP Industries 1.28 -0.02 321 GJobrtrontaTech. 0.32 unch 1677 Advance Synergy —035 0.01
      2,231 words
    • 226 18 AP [KUALA LUMPUR] Indonesia's PT BumiGas Energi plans to raise US$3OB million by selling bonds to finance the building of two geothermal power plants, lead arranger Affin Investment Bank said yesterday. BumiGas will build a 120 megawatt plant in Deing, central Java, and a
      AP  -  226 words
    • 194 18 Bernama [KUALA LUMPUR] Jane Hint Husainy Abdullah has withdrawn the application she had filed to divorce Mirzan Mahathir, a son of former Malaysian prime minister Mahathir Mohamad. Jane, 45, who had married Mirzan in 1992, withdrew the application on Nov 15 through her lawyer. Muhammad
      Bernama  -  194 words
    • 383 18 AP [KUALA LUMPUR] Malaysia may revive plans to lay undersea power cables from Borneo island to the mainland at a massive cost of RM9 billion (553.9 billion), a minister said yesterday. The cables will transport up to 5,000 kW of electricity from the Bakun
      AP  -  383 words
    • 485 18 It plans stake sales in 91 companies to fund deficit: VP Bloomberg [JAKARTA] The Indonesian government plans to reduce its stakes in as many as 91 state-run companies to fund its budget deficit, VicePresident Jusuf Kalla said. The government which runs 141 confpanies including
      Bloomberg  -  485 words

  • GREATER CHINA/INDIA
    • 507 19 Joint venture deal with equal stakes lets US retailer enter US$300b Indian market Reuters [NEW DELHI] India's Bharti Enterprises Ltd and US retailer Wal-Mart Stores Inc have agreed to a joint venture to enter India's lucrative retail sector, Bharti's chairman said yesterday.
      Reuters  -  507 words
    • 455 19 Bloomberg [NEW DELHI] Accor SA, Europe's largest hotel company, and an Indian unit of Emaar Properties PJSC have formed a venture to set up 100 budget hotels in the South Asian nation to take advantage of a shortage of
      Bloomberg  -  455 words
    • 291 19 AFP [HONG KONG] Top Hong Kong banker Mimi Monica Wong waltzed her way to an US$B million payout in a court battle with her ballroom dance tutors, but failed last Thursday to tap even more money from them. Ms Wong,
      AFP; REUTERS  -  291 words
    • 161 19 Bloomberg [TAIPEI] Shares of Advanced Semiconductor Engineering Inc, the world's largest chip packaging and testing company, rose by the daily limit on a USSS.7 billion buyout offer from Carlyle Group. Advanced Semiconductor stock rose 6.9 per cent to NT537.95 (551.73)
      Bloomberg  -  161 words
    • 273 19 [NEW DELHI] Energy-hun-gry India and China, often fierce rivals in the race for global oil and gas supplies, have agreed to form a joint venture for the acquisition of hydrocarbon assets in Africa and Latin America, the Press Trust of India (PTI) news
      273 words
    • BRIEFLY ASIA
      • 68 19 AFP [BEIJING] The New York Stock Exchange (NYSE) plans to open an office here, its chief executive John Thain said yesterday, as he prepared to head to China to get more companies to list on the US bourse. Mr Thain told the state-run
        AFP  -  68 words
      • 75 19 Reuters [JAKARTA] PT Essar Indonesia, a member of India's Essar Group, plans to invest US$500 million to build a steel factory in Indonesia to strengthen its industry presence there, a local paper reported yesterday. "Essar plans to build a pellet factory with a
        Reuters  -  75 words
      • 71 19 Reuters [KUALA LUMPUR] Malaysian pay-TV operator Astro All Asia Networks pic expects to launch a third satellite in two weeks, doubling its number of channels and helping boost profits, a top official said in an interview. The launch of Astro's Measat-3 satellite has
        Reuters  -  71 words
      • 67 19 Reuters [JAKARTA] India's third-largest motorcycle maker, TVS Motor Co, plans to invest up to US$100 million in Indonesia over the next three years to set up a production base for the region, a company official said yesterday. TVS is the second Indian motorcycle
        Reuters  -  67 words
      • 63 19 AFP [HONG KONG] Hong Kong Chief Executive Donald Tsang said air quality in the city is unacceptable, and he will take further steps to address pollution. Last week, US investment bank Merrill Lynch issued a scathing report on Hong Kong, saying the bad air could
        AFP  -  63 words
    • 543 19 Bloomberg Xinhua [BEIJING] Foreign banks operating in China will have three to five years to fully comply with the country's new industry rules, the South China Morning Post reported, citing the banking regulator. Overseas banks will face different compliance
      Bloomberg; Xinhua  -  543 words
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  • MIDDLE EAST
    • 433 20 Applications worth at least 190b dirhams submitted Reuters [DUBAI] The Dubai Financial Market's share sale, the first by an Arab stock exchange, was more than 120 times subscribed, according to preliminary data given by the bourse's directorgeneral on Sunday. The public and private share
      Reuters  -  433 words
    • 709 20 Riyadh's trade alliance with China 'could upset its decades-old ties with US' Reuters [RIYADH] WHEN Haytham Zamzami began studying Chinese. the rising superpower had only just begun to register on the horizon for Saudi Arabia. Eight years later, China is all the rage. China's insatiable demand
      Reuters; REUTERS  -  709 words
    • 248 20 Bloomberg [DUBAI] An Iraqi property developer founded in January, Empire Holdings, is offering Persian Gulf investors as much as 30 per cent annual returns on hotels, offices and homes in Iraq's northern Kurdistan region. Empire in March started building a
      Bloomberg  -  248 words
  • Page 20 Advertisements
    • 235 20 Answer: 1 LEGENDS GARDEN THE LEGENDS**. FORT CANNING PARK 11 Canning Walk Singapore *****1 Tel: 6333 9979 www.lagandsfortcannlng.com HB Diners Club Card r.«wV«"Mi6O9«O mWgTITI A WorlJ of ExcJumiva PrivilagaM Treats Diners Club •»ww.jm m com.sg, ln *motional- FREE EG IE GRAS BURGER j SjjiljJ MARTINI NIGHT ONWEDNESDAYS AAf^5FRAR v C_
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  • ASIA-PACIFIC/WORLD
    • 499 21 Sole exporter paid US$222m kickbacks to secure wheat sales in 1999-2003 Reuters AP [SYDNEY] A judicial investigation has found that Australia's monopoly wheat exporter AWB Ltd broke United Nations sanctions by paying US$222 million in kickbacks to secure wheat sales in
      Reuters; AP  -  499 words
    • 274 21 AFP AMERICAN billionaire Donald Trump plans to develop a golf course in Scotland for £1 billion (Ss3 billion). Speaking from New York, Mr Trump told The Guardian newspaper: "We have incredible ocean frontage, incredible dunes and unbelievable land. When we put it all
      AFP  -  274 words
    • 491 21 AFP [LONDON] Ten years after the liberalisation of Britain's energy sector, consumers have not yet seen the benefits, experts say, although the government and regulator remain convinced they made the right move. Gas and electricity distribution was opened up to competition between
      AFP; BLOOMBERG  -  491 words
    • 268 21 Plan to reduce debt burden key to company's survival Reuters IPARIS] Anglo-French Channel tunnel operator Eurotunnel won the approval of its creditors yesterday for a debt restructuring plan key to the company's survival. Creditors met in a Paris court to vote on the plan,
      Reuters  -  268 words
    • 520 21 AFP Bloomberg [BANGKOK] Thailand's junta leader has asked the government to lift martial law across more than half the country in what would be the first easing of military rule since the September coup. General Sonthi Boonyaratglin told reporters that only Bangkok
      AFP; Bloomberg  -  520 words
    • 400 21 AP [CANBERRA] Scientists say Australia could become a world centre for research into diseases such as diabetes and Alzheimer's if Parliament passes legislation next week that would lift a ban on cloning human embryos for stem cell research. Ending the
      AP  -  400 words
    • 474 21 Reuters [LONDON] Criminal gangs using hijacked computers are behind a surge in unwanted emails peddling sex, drugs and stock tips. The number of''spam*' messages has tripled since June and now accounts for as many as nine out of 10 emails sent worldwide, according to
      Reuters  -  474 words

  • AVIATION
    • 438 22 It'll spend A$27m this financial year to launch new flights abroad Bloomberg [BANGKOK] Jetstar, a lowcost carrier (LCC) owned by Australia's biggest airline, Qantas Airways Ltd, says its overseas traffic will surpass domestic traffic as it adds flights to Asia and Europe on
      Bloomberg; AFP  -  438 words
    • LOG BOOK
      • 128 22 AFP [FRANKFURT] The French government is seeking to take control of European Aeronautic Defence and Space Company (EADS) by pushing for a capital increase to finance development of the new A 350 long-haul jet, Germany's business daily Handelsblatt reported yesterday. Paris surprised the
        AFP  -  128 words
      • 75 22 Bloomberg [PARIS] Air France-KLM Group, Europe's largest carrier, said its new tourism airline will begin flights to northern Africa, Italy and Spain in June and expects revenue of 300 million euros (Ss6lo million) in three years. The carrier, to be called Transavia.com, will
        Bloomberg  -  75 words
      • 50 22 Reuters [TEHERAN] Aft Iranian military aircraft crashed at a Teheran airport yesterday, killing at least 37 people, state media reported. It said one person was in hospital after surviving the crash in the Russian Antonov-74, which wa§ being used by the Revolutionary Guards.
        Reuters  -  50 words
    • 703 22  -  COMMENTARY By VEN SREENIVASAN JETSTAR Australia's inaugural flight from Melbourne to Bangkok last Friday heralded a new era of low-cost carriers' (LCC) long-haul flights in the Asia-Pacific region. Just 24 hours after its Melbourne-Bangkok hop, the Qantas-owned budget carrier followed up with its first Sydney-Phuket
      703 words
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  • Page 22 Advertisements
    • 73 22 BT/ZUJI Deals of the Week I i|£| _jftfMnL_ «ltk% ft ?SK k I BUSINESS CLASS (from S) ECONOMY CLASS (from HOTEL (from S) Melbourne $3,295 $620 $29 Malaysia Airlines Singapore Airlines Jakarta $355 OHai Afeways) $99 (Qatar Airways) $30 Manto j $774 (PhMppine Aktnes) Xiamen f $1,061 (Xtamen $418 (Xiamen
      73 words
  • Page 22 Miscellaneous
    • 210 22 CRYPTIC CROSSWORD Husb^ side museum's gallery (8) the less it is footwear (5) YESTERDAY'S SOLUTION 28 motion (6) C m 8 "antproduced by high priest's Across: 1 Marathon, 6 Remedy, 9 staff (6,3) Affirm, 10 Autonomy, 11 Reveille, DOWN 14 More modest form of the cha- 12 Dry-fly, 13 Capital
      210 words

  • SHIPPING/AVIATION
    • 326 23 Bloomberg [SINGAPORE] The perceived risk of owning Qantas Airways Ltd debt surged to a three-year high on speculation that it will be easier for Australia's largest airline to borrow under private ownership. The company's creditdefault swaps, a measure of its ability
      Bloomberg  -  326 words
    • 256 23 Bloomberg [BANGKOK] Thai Airways International, the country's biggest airline, expects to return to profit this quarter, helped by higher passenger traffic. THAI unexpectedly posted its first quarterly loss in more than a year for the three months ended September as
      Bloomberg  -  256 words
    • 249 23 Bloomberg [MANILA] Cebu Air, the second-largest carrier in the Philippines, will start flying to the Indonesian capital Jakarta by the end of January as it expands its fleet. The airline, a unit of JG Summit Holdings, will begin flying three times
      Bloomberg  -  249 words
    • 472 23  -  It will also bear set-up, running cost of ReCAAP's info sharing centre By DONALD URQUHART [SINGAPORE] The world's first inter-governmental agency focused on the problem of maritime piracy will officially open here tomorrow with the inaugural meeting of the organisation's 14-member
      472 words
    • 573 23 3.5b new shares of state-owned firm to be sold in HK Bloomberg [HONG KONG] China Communications Construction -Co, the country's largest port builder, plans to sell HK$l6.l billion (553.2 billion) of shares in an initial public offering (IPO), two people with knowledge of
      Bloomberg  -  573 words
    • 381 23 Bloomberg [SEOUL] Shares of Hanjin Shipping Co, South Korea's largest shipping line by sales, jumped 8 per cent on speculation that the company may become a takeover target following the death of its chairman. Hanjin Shipping shares climbed to 28,250 won at the
      Bloomberg; BLOOMBERG  -  381 words
    • 267 23 epoH in *»n ss w- w CM Offshore jOjO 001 1753 Oun Mup 031 -0.01 »9» CoKDConoratten 217 0 03 4840 CWT DotJtbuCon 041 0.02 11« brsHld<s 3.74 -046 575 0.01 unch 4M Grand Banks Vadir0.87 002 64 iMMoUngi 1.44 wvh H4 (iVmm 041 o.oi bis2 K>p(>«<C(»p 17.
      267 words
    • 308 23 Bloomberg [HONG KONG] Airport Authority Hong Kong, operator of Asia's third busiesl airfield, said that a ferrj service linking tJie airporl to four cities in sojuthern .China will help it &&racl -more passengers from mainland. The airport operator will spend
      Bloomberg  -  308 words
  • Page 23 Advertisements

  • EDITORIAL & OPINION
    • 501 24 EDITORIAL MALAYSIA is back on the radar screen of some big foreign investors at least in,the banking sector. Two big banking deals are in the works. First, AMMB Holdings has finally found a strategic partner in Australia and New Zealand Banking Group (ANZ) after countless failed
      501 words
    • 1066 24  -  In his book, Duncan K Foley sets out to explore and critique the ideas of great economists By PETER STEINFELS NYT Duncan k Foley could have called his new book simply A Guide to Economic Theory. The book grew from a course he
      NYT; AFP  -  1,066 words
    • 807 24  - The Paulson Bernanke Show: new hit or rerun flop? THE BOTTOM LINE WILLIAM PESEK JR Bloomberg TO underscore how serious he is about pushing for change in China, Henry Paulson is employing a powerful prop: Ben Bernanke. As the New York Times reported, US Treasury Secretary Paulson is enlisting Federal
      Bloomberg  -  807 words
    • 1284 25  -  Pakistan's clothing is less value added than those from Bangladesh, India and China YOGI AGGARWAL wk am m HEN the multiM M fibre agreement M MS m (MFA) that set quoM SMS tas for the export of M M M m textiles
      BLOOMBERG  -  1,284 words
    • 842 25  -  By MATTHEW LYNN Bloomberg RUPERT Murdoch is rarely forced to apologise. Yet the chairman of News Corp was left with little choice when faced with an outcry over the crass decisjoij to pay 0 J Simpson a massive sum for a book and
      Bloomberg  -  842 words
    • 410 25  -  LETTERS TO THE EDITOR Tay Poh Choo Vice-president (Corporate Communications/ Customer Service) I REFER to Leong Sze Hian's letter "Hikes in postage rates unjustified" (BT, Nov 21). In 2004, when the Goods and Services Tax (GST) was increased to 5 per cent, Sing Post
      410 words
    • 168 25  -  Ho Hwei Ling Assistant director Corporate and Marketing Communication Infocomm Development Authority of Singapore WE REFER to the letter "Hikes in postage rates unjustified" (BT, Nov 21). The Infocomm Development Authority ADA) regulates the basic mail services market and keeps a close watch to ensure
      168 words
    • 297 25  -  Tong Ka-Pin Head, Group Investor Relations Corporate Communications CapitaLand Retail Limited WE REFER to the article "Capita Land's China Reit a tough act to follow" (BT, Nov 21). In the article, an anonymous critic from a rival mall said Capita Land is offloading second-rate properties on
      297 words


  • 10354 26 SGX MAINBOARD Transaction date: Nov 27 S2-Mfk Til Last Vol Day Last Quote Wv GfYVJ Not MCjb High low Codo Company Salo W- (000) Mlqli low >»yr Sotor Cw Wl sJ 3.5 1 5716 1st Software 3 unch 121 3 3 2.5 3 12.1 11.5 6 3148 8T<H«om
    10,354 words
  • Page 26 Advertisements
    • 35 26 TVade from 20% deposit {5 x ieverage) on most stocks Go long or short Competitive financing rates in alt markets Access to Asian, US, Euro stocks Select Exchange Ttaded Funds and Indices Competitive Commission charges
      35 words

  • 5192 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES kMlan luSS l»US$ %dy %yr %<* %n *r New 24 hxUx Chang* Chang* Chang* Chang* Chang* Ourtfl* TheWoridtndw Pwfciwmy ***** 4.4 111 00 74 00 153 t EAK Prdwiinaty 1062 7 47 M H MS _1? 1 15 Empe PicMnay 1«5a0 -0.7 133
    5,192 words

  • Page 28 Advertisements
    • 244 28 izt? yfeMHfc JBIjWIfiaHBMgEM Ji|aW .^E^^E^hIB^HI^^HBR *"W JBr i^HHn^mlHi I wssmm lO 5k JBfl «L I ■Pi V HH j|HHHb"' f..|«f: (1 fII -~^M HV SHBH I K. •»—< f II >1. O jfl r Jlmm* I B^ wu^vH u s^^™ 1 m*^HPll i» < jfiP HttttPte V&. I H P
      244 words

  • Page 29 Advertisements
    • 1390 29 UK CONTINENT SERVICE U.».A SERVICE Destination Destination DD LEADER RDM/ATW/BMNALB/NAN MATIRA CAM/ NFK/ NO L SAV DD SUCCESS RDM/ATW/BMN/TLB/NAN loads Singapore, E./W. Malaysia, Indonesia e./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination j SAFE DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN BRIGHT JDH/AQA/DMT ASEAN GLORY DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore,
      1,390 words
    • 463 29 vtf/v WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com YKSa VOY KANT HBCHT SIM IK »A 0 S*V lAI 0M lOAS AH3S 420fcw MM 07/12 01/01 11/01 15/01 10/01 10/01 TJUKO Ami 4201 MS MM 30/12 21/01 30/01 03/02 00/02 00/02 TAUOOT *1702 4001 m MM 00/01 31/01 00/02 13/02 10/02 10/02 few
      463 words

  • Page 30 Advertisements
    • 430 30 WAN HAI INTERNATIONAL PTE LTD aMO: UWMOOOO/* V Tt\. ■■>■11 a nurr TELi6226ISSS (14LINES) FAJL*****163 VH\WAN HAI LINES assassssissrsV— JOHIH:|B7)2SIIBJHUt(O7JBIHII SIB BL (OSI) 12W47J (Wfc (Ml) SJWI4/*****5 www wanhai com SQ MtnttW www.wannQi.tora.JB »|H:|0*1)41S;I»JHU:|I»I)4IS»»B/4I42W WEEKLY EXPRESS SERVICE TO AND FROM muMsmmm CALLING SINGAPORE EVERY THURSDAY CALLING PALEMBANG EVERY SUNDAY 11
      430 words
    • 660 30 rvtiOT VOY —HCL I SIN I KARACHI I DX» I »*i I PMM MK KHOR H fa gam I i lis 1 ill teiil ttfil I iff! 1 iii Si! s»? IviSSfl VOY SIN NHAVA SHIVA Jf ML AU COLOMBO CHTTTAQONO VOY SIN H£o_ LUCIEN G A 001W 11/11 06/12
      660 words
    • 514 30 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS much I VOT I SW I MUMG C» <***» CaOMO tOttfgwm WWS WHO* WDK 05OK mWGMWI 010* OtPK 07DK IQDK 13jK ]IM— SIUMDW 0110W I note 113 DK 16DK »0K »DK mso team kito coom wrcy
      514 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 3945 31 This ETA ETA Advcrtscr Vessel Veyjge Tetaptwne I ETA ETA A*wtiw Vessel Verge I SIN Desfn Name Name —fcer iJSiniM I MM I 1o DURBAN (DUR) 2118 South Afrka 2302 To ABIDJAN (ABJ) 2003 Cote D'lvoire 07/12 05/01 China Shpg NEW DYNAMIC 117A *****898
      3,945 words

  • PROPERTY
    • 327 32  -  Valuers' meet seen as platform for cross-border deals By ARTHUR SIM THE World Association of Valuation Organisations (WAVO) kicked off its inaugural conference in Singapore yesterday. And speaking at the opening of the three-day event, Minister of State for Trade and Industry S
      327 words
    • 678 32  -  Tang Plaza redevelopment also not an option now: CK Tang chairman Reports by KALPANA RASHIWALA THE CK Tang department store and adjoining Marriott Hotel on the prime Orchard/Scotts Road corner are not for sale. This is despite interest in buying the properties expressed by
      FILE PHOTO  -  678 words
    • 611 32 CK TANG chairman Tang Wee Sung says he is "satisfied" with the performance of the group's new Vivo City store which opened last month but that its full potential has not been realised. He also disclosed in a recent interview with BT that the
      FILE PHOTO  -  611 words
  • Page 32 Advertisements
    • 218 32 CLUNY I Build your dream home here I 2-Storey Good Class Bungalow I Panoramic greenery views I Land size 37,000 sq.ft. (approx.) I Sprawling grounds Private I Ideal for a single palatial home I Tenure Freehold I 1 2-Storey Good Class Bungalow I Perched on hillside. Greenery views mPiwaimemuJK Pristine
      218 words
    • 138 32 INDUSTRIAL BUILDING FOR SALE BY TENDER Address 55 Jakm PemlmpJn Descriptor* A 4-storey detached factory Tenure 999 yrs wet 6 July 1885 Land area approx. 33,519 sq. ft. GFA approx. 53.977 sq. ft. Tender Closing 08 Dec 2006, 3pm For tandw document, ptoaM contact CB IHchard EMc Mmata ©oh: 6326-1232
      138 words
    • 1 32 ■■111
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