The Business Times, 5 December 2006

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES ■Vth ANNIVERSARY 5) A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg Tuesday, December 5,2006 St J
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  • 834 1  -  Strong economy, aggressive promotion by banks ahead of festive season set to boost numbers further By DANIEL BUENAS [SINGAPORE] Singapore's strong economic performance coupled with aggressive promotions by banks has pushed the number of credit cards here to an all-time high. Based
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  • 538 1  -  PASSPORT-FREE ZONES IN JOHOR S'pore's role in Johor immigration control unclear By PAULINE NG in Kuaia Lumpur UNCERTAINTY continues over Malaysia's plan for two immigration-free Free Access Zones (FAZs) in the state of Johor with one Malaysian official saying the proposal will need
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  • TOP STORIES
    • 706 2  -  Initiative also allows public agencies to focus on strategic functions By DANIEL BUENAS (SINGAPORE) The government yesterday revealed that, as at October this year, it had outsourced contracts worth $664.7 million, slashing annual operational costs by $34.6 million, as part of its
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    • 136 2 Dsn 2,850.72 (+14.68) ST INDEX FUTURES 2.847.00 (+14.00) SIMSCI 347.52 (+2.20) SIMSO FUTURES 347.20 (+1.70) MARKETS Monday Change KLCOMP 1,077.44 -2.61 NIKKEI 225 16,303.59 -18.15 HANG SENG 18,702.73 +11.91 SET INDEX 742.45 +1.05 JAKARTA COMP 1,731.24 -3.52 MANILA COMP 2,795.30 +6.8^ SEOUL COMP 1,426.46 -7.9( SHENZHEN B 389.74
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    • 90 2 IN the Show Me the Money column (BT, Dec 2) we said Want Want's price-to-book ratio was 1.8 times. It should have been 2.8 times. In other words, the market was valuing Want Want at a similar level to that of Hsu Fu Chi. We are sorry
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    • 596 2 Some fear the recent slide may be overdone Bloomberg Reuters [LONDON! The dollar rebounded from a 20-month low against the euro as traders awaited more evidence the US economy is weakening before adding to bets the Federal Reserve will lower interest rates. "We
      Bloomberg; Reuters; BLOOMBERG  -  596 words
    • 535 2  -  Increased orders, output and inventory lift November PMI By CHUANG PECK MING [SINGAPORE] Singapore's factories are still humming along strongly as the readings for the latest purchasing managers' index (PMI) a key production indicator show the manufacturing sector continued to expand in November for
      Source  -  535 words
    • 685 2 Securities giants bypass NYSE, Nasdaq markets THE biggest customers of the New York Stock Exchange and Nasdaq Stock Market are turning into their most dangerous competitors. Securities firms, led by ÜBS AG, Goldman Sachs Group Inc and Credit Suisse Group, already steer 12 per cent of US stock
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    • 809 4 Big-name securities houses are steering away some 12% of trades Bloomberg [NEW YORK] The biggest customers of the New York Stock Exchange (NYSE) and Nasdaq Stock Market are turning into their most dangerous competitors. Securities firms, led by ÜBS AG, Goldman Sachs
      Bloomberg; AP  -  809 words
    • 5328 4 UNIT TRUSTS FUNDS Afi Eing Mkts B USD 28.99 AB Amer Income AT SGD 13.44/ AB Amer Income BT SGD 13.49/ AfiN Amro Asset Mgt (S'pore) AB Amer Income AT USD 871/ Star 1.012/ ABAmerIncomeBTUSD —M**t. StaEtnokM 1-221/ ABAmer Income A USD Star Enope sal—— 1224/ AB Amei Income B
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  • Page 3 Advertisements
    • 80 3 IKS ENERGY SERVICES LIMITED Company Registration No. *****0104G A Leading One-Stop Energy Services Provider to the Global Oil Gas Petrochemical Industry or being recognized as one of the 200 Best Under a Billion" companies by Forbes Asia t The Well Wishers OOCBC Bank QDRS Wk 0 56ATRAX KBC SINWA SSH
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    • 41 4 Aztech www.aztech.com IP Phone AllianzCl RCM Global Twin-Focus Fund a fund that offers you twin benefits AlliatlZ (pll) of potential quarterly payouts and limits possible downside. Visit OCBC and other G|obal nvestor^^ appointed distributors for more details. company regn no *****7169Z
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  • COMPANY NEWS
    • 982 5  -  HOCK LOCK SIEW By MICHELLE QUAH LAST week a group of Isetan shareholders grabbed headlines when they called for the removal of the retailer's independent directors (IDs). The group is unhappy over what it described as Isetan's "continued refusal" to use up its $61
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    • 513 5  -  New plant to have testing operations, distribution centre By JEAN CHUA SEMICONDUCTOR testing firm United Test Assembly Center (Utac) said it is investing US$lOO million over the next three years in Thailand, where it will consolidate its leadframebased packaging business. The investment will
      513 words
    • 415 8  -  Aerospace parts factory expected to generate US$100m revenue in 5 years By CONRAD TAN NORELCO UMS Holdings, an equipment manufacturer for the disk-drive and electronics industries, is to invest US$2O million in a new plant at Changi to make parts for the
      FILE PHOTO  -  415 words
    • 420 8  -  By CONRAD RAJ SEMBAWANG Engineers Constructors (SBW), formerly a subsidiary of SembCorp Industries and now a member of India's Punj Lloyd Group, yesterday announced its involvement in a US$2OO million polyethylene plant in Thailand. The company said its UK subsidiary, Simon Carves
      420 words
    • 344 8  -  By KELVIN HAN OFFSHORE oil and gas industry service provider Swiber Holding has secured a charter contract in India worth about US$l4 million. The contract from BG Exploration and Production India Ltd is for the provision of an anchor handling tug and supply
      344 words
    • 318 8  -  Chairman, two others resign as directors By JEAN CHUA SUN Business Network yesterday said that one of its major shareholders has placed out shares to unnamed investors as it restructures the business. Sun Media Investments Holding will be placing out 86 million
      318 words
    • 215 8 Reuters INDONESIA'S Lippo Group is set to raise about $100 million from the sale of units in its Singapore real estate investment trust after pricing it at the lower end of an indicated range. Jakarta-listed Lippo Karawaci, one of the real
      Reuters  -  215 words
    • COMPANY BRIEFS
      • 115 8 ASIAMEDIC warned yesterday that it may not be profitable for the financial year ending Dec 31,2006, due to internal restructuring costs and market conditions. As part of cost rationalisation, it has made an application to the Accounting and Corporate Regulatory Authority to
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      • 47 8 Stamford clinches Continental tyre deal STAMFORD Tyres Corporation announced that the group will be the first to distribute Continental's new ContiSportContact 3 tyre in Asia Pacific in partnership with German tyre manufacturer Continental AG. The new tyre is specially designed for manufacturers and drivers of sporty vehicles.
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      • 78 8 ESMART Holdings has issued a profit warning saying the group is expected to report a larger loss for the year ended Dec 31,2006 as compared to FY2005. This is largely due to weaker than expected orders for the last quarter of FY2006, the drop in
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      • 96 8 NTEGRATOR International Ltd, a regional communications network specialist and systems integrator, announced yesterday that it has secured a US$23.5 million contract with state-run Myanmar Radio Television the largest contract the company has secured since it commenced operations in 2002. Ntegrator also secured a separate US$870,000
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      • 51 8 CAPITALAND'S exit offer to Raffles Holdings' shareholders closed yesterday with valid acceptances representing a stake of about 38.68 per cent, bringing CapitaLand's total stake to about 97.19 per cent. CapitaLand said it will exercise its right of compulsory acquisition for the rest of the
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  • SINGAPORE MARKETS
    • 535 6  -  STOCKS Worries over Wall Street depress index but a sudden last-hour push on OCBC, DBS lifts market R SIVANITHY Senior Correspondent To borrow from the game of football, it was clearly a game of two halves as far as the Straits Times
      Source: Bloomberg  -  535 words
    • 993 6 Compiled by BT SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Dec 4 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Pate Director Sell 000 Shr S COOP) COOP) Oriental Century l-Dec-06 UOB Cap Inv PL Sell 1269 na 6377 3.84
      Compiled by BT  -  993 words
    • 353 6  -  CHART POINT STI could be holding up for award of the Sentosa IR winner By YEO KEE YAN chartist at Kelive Research IN recent weeks, we witnessed bearish divergences forming in major global indices (typically warning signs of weakening technicals), which finally triggered downside break of several
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    • 539 6  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar skidded to fresh multiyear lows yet again in US trading last Friday following the release of yet more disappointing data in the country, but managed to trim some of its worst losses by the close of
      Source: Reuters  -  539 words

  • COMPANIES: CHINA STOCKS
    • 786 7  -  Top performance from Guangzhou Ind and China Aviation Oil Reports by JEAN CHUA ABOUT six in ten China companies listed in Singapore have done better for their third quarter than they did a year ago, with about three in ten saying that
      786 words
    • 422 7 810-TREAT Technology said the independent review task force charged with finding out what went wrong in the company will look at ways to improve "internal control and corporate governance" and how the board is organised. Releasing more details on the review team's work,
      422 words
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  • Page 8 Advertisements
    • 625 8 ANNOUNCEMENT ALLQREEN PROPERTIES LIMITED (Company Registration Number: *****1009N) PROPOSED CASH DIVIDEND AND RIGHTS ISSUE NOTICE OF BOOKS CLOSURE DATE Unless otherwise defined, all terms used herein shall bear the same meaning as in the Company's announcement on 2 November 2006. NOTICE IS HEREBY GIVEN that the Share Transfer Books and
      625 words

  • SINGAPORE NEWS
    • 480 9  -  FINANCIAL SECTOR But controls are weaker in post-sale period, according to MAS review By GENEVIEVE CUA MOST financial institutions protect their clients fairly well against "improper switching" of financial products, but these controls are weaker after a sale has been made, the Monetary
      FILE PHOTO  -  480 words
    • 323 9  -  By SIOW LI SEN BANKS in Singapore have agreed on a code of minimum standards when dealing with small businesses. The Association of Banks in Singapore (ABS) yesterday said the new code of guidelines sets out how banks will treat small businesses. All of
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    • 302 9 AT A time when the labour movement in Singapore is travelling well, National Trades Union Congress (NTUC) secretary-general Lim Boon Heng will be relinquishing his position after more than 13 years as Singapore's labour chief. Mr Lim officially tendered his resignation from
      302 words
    • 362 9  -  By UMA SHANKARI SENTOSA is seeing a surge in interest from companies looking to develop projects on the island, Sentosa Leisure Group's chief executive Darrell Metzger said yesterday. Rather than being intimidated by competition from the upcoming Sentosa integrated resort (IR), more companies
      ARTHUR LEE  -  362 words
    • 386 9  -  Firms may risk prosecution if staff send out racially offensive messages By WEE LI-EN COMPANIES should pay heed to what employees do with company equipment to avoid falling foul of the penal code if the proposed amendments are passed, lawyers said yesterday at
      386 words
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  • SME spotlight
    • 1170 10  -  The award-winning furniture retailer is looking to take its brands overseas, reports NANDE KHIN NANDE KHIN WALK into Air Division's office in Kampung Bugis, and one cannot help but notice the rows of trophies and plaques on display. These are the various accolades that the furniture retailer
      1,170 words
    • 318 10  -  By TEH HOOI LING RECENT additions to our small-cap portfolio have done well, helping to prop up the portfolio's perfor- > mance. Raffles Education advanced 9.7 per cent after i announcing last week that it is acquiring a 20 per cent stake in Oriental
      318 words
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    • 59 10 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. >■ P^fli •I K |H M| I &jhl B* i Love, relationship, heartbreak #1 affairs, sex... lx P du"^Ton 9ht 5: ««0913 I: •< E3is#™ 9 Radio 91.3 is
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  • Page 11 Advertisements
    • 354 11 Looks like another typical day in your IT department. It's time you tamed your IT system. Is your IT servers provide the most efficient server staff spending long hours dealing with rather solutions for your business. daunting tasks? Whatever happened to the notion that technology is supposed to make your
      354 words

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  • OIL AND GAS 2006
    • 1051 13  -  While US$60 oil has brightened prospects for the E&P industry in South-east Asia, RONNIE LIM learns that it's not yet time to party RONNIE LIM IS the offshore party in South-east Asia in full swing yet? Not quite, said lan Collins, president of the South East Asian
      1,051 words
    • 224 13 OSEA 2006, Asia's leading oil and gas exhibition and conference, kicks off today, amid continuing high oil prices. 1 Current oil roughly double what it costs to produce each barrel in this region has resulted in a surge in oil exploration and production (E&P) activity
      BLOOMBERG  -  224 words
    • 713 14  -  The oil boom has turned skilled personnel and infrastructure into hot commodities, says Interra Resources CEO LUKE TARGETT LUKE TARGETT THERE remains tremendous exploration and production (E&P) potential in South-east Asia. In particular, the South China Sea area is believed to contain vast undiscovered reserves. As
      REUTERS  -  713 words
    • 962 16  -  JUDY HAN outlines how tiny Singapore managed to establish itself as the market leader in the marine industry JUDY HAN SINGAPORE has proven that size does not matter when it comes to excelling in the marine and offshore industry. The republic is the world's top builder
      Source: OOS-Petrodata  -  962 words
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  • Page 16 Advertisements
    • 156 16 SINGAPORE PA°UON E f?ZtßlPA<zia?OOfi y"" 1 lyvl fill! W A IAA^ ># V V a.-mumimiwiii.in Ill'lll IV b W■ Bvm The Bth International Refining, LNG Petrochemical Technology Exhibition Conference 5-8 December 2006 Suntec Singapore Level 4 Sjjjj Opening Hours: 10.30 am 6pm E\iON "p 7 \asia J FLQTECH Futron Electronics
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      96 words

  • ECONOMY WATCH
    • 612 17 Build-up caused by unexpected slump in US demand, hike in energy prices Bloomberg [PARIS] Just-in-time inventories are turning into just-too-much at companies around the world. From Dodge Ram trucks to Sanyo mobile phones, unsold goods are piling up around the world. That
      Bloomberg  -  612 words
    • 228 17 Bloomberg [LONDON] Immigrants mainly from Eastern Europe have increased tax revenue for British Chancellor of the Exchequer Gordon Brown by £18 billion (Sss4 billion) since 1998, a report shows. Ernst Young Item Club said immigration and a greater number of people
      Bloomberg  -  228 words
    • 478 17 It may grow 9.8% next year and 10% in 2008 Bloomberg [HONG KONG] China's economic boom will probably continue for at least another two years, making it the longest and least volatile expansion since free-market reforms began in 1978, Goldman
      Bloomberg; REUTERS  -  478 words
    • 448 17 Thai economy grows 1.5% in Q3 fastest in a year Analysts say central bank may delay cutting rates Reuters [BANGKOK] Thailand's economy grew at its fastest pace in a year in the third quarter, although momentum is expected to slow in 2007 as global demand falters, data showed yesterday. Analysts
      Reuters  -  448 words
    • 288 17 Bloomberg [KUALA LUMPUR] Malaysia's exports unexpectedly declined for the first time in more than four-and-a-half years in October as shipments of electronics and oil fell after holidays reduced the number of working days during the month. Exports dropped 3.4 per
      Bloomberg  -  288 words
  • Page 17 Advertisements
    • 115 17 A weekend where time stands still, even though your kids won't. ji _v ..f• It's our pleasure. Your children make every weekend moment a precious one. That is why we v look forward to pampering them, when you and your loved ones escape to The Ritz-Carlton. The Family Weekend Getaway.
      115 words

  • MALAYSIA
    • 526 18  -  Semiconductor, transport sectors shine but insurance, auto fall short By PAULINE NG in Kuala Lumpur MALAYSIAN corporates turned in a third-quarter performance that was mainly in line with forecasts, but there were a few encouraging surprises. Underachievers outnumbered outperformers, but the 3Ms made the
      526 words
    • 2363 18 vol Gamuda .4.94 0.02 3441 Dcc4 WW W- COOP) General Corp .0.67 -0.01 18 Genting .29.00 -0.50 734 ASM Realty 140 unch 14 George Kent .0.59 unch 42 Abnc .034 0.01 100 GHl Systems .024 unch ***** ACP Industries 125 -0.02 455 Globetronks Tedi 0.31 unch 1022 Advance
      2,363 words
    • 411 18 Bernama [KUALA LUMPUR] Retail investors and managers are generally upbeat about the prospects for the retail market in Malaysia, despite increased petroleum and electricity prices in early 2006. According to the Retailer Sentiment Survey Asia 2006 conducted by Jones Lang LaSalle, retailers have expansion
      Bernama  -  411 words
    • 725 18  -  Umno's Supreme Council objects to NSTP-Utusan tie-up By S JAYASANKARAN in Kuala Lumpur THE uncertainty over the fate of the merger between the New Straits Times Press (NSTP) and Utusan Melayu to create a Malaysian me-ga-media group could cast a pall over the
      725 words
    • 301 18 [KUALA LUMPUR] Western Digital, the world's second largest hard disk drive (HDD) maker, may invest up to US$l5O million in Malaysia to expand its capacity in the country, Malaysia's Business Times (MBT) quoted its vice-president of HDD operations in Asia, Don Blake, as saying.
      301 words
    • BRIEFLY ASIA
      • 60 18 Reuters [JAKARTA] Indonesia's state oil and gas company, PT Pertamina, plans to cooperate with South Korea's SK Corp in a US$l billion expansion of its Dumai refinery, Pertamina president Ari Soemarno said yesterday. The plan is to raise the capacity of the refinery in Sumatra
        Reuters  -  60 words
      • 65 18 [BEIJING! China's own technology for "third generation" cellphones is ready for large-scale commercial use, said the Financial Times (FT) yesterday. Yin Yimin, president ofZTE, China's second largest telecom equipment maker, told FT that equipment based on the Beijing-backed TD-SCDMA standard for 3G telecom
        65 words
      • 48 18 Bloomberg [DUBAI] New Zealand billionaire Christopher Chandler may buy stakes in Indian banks. Legatum Capital Mr Chandler's investment company has "substantial holdings in India and is planning to put more money into long-term portfolio positions" there, said Mark Stoleson, Legatum's president.
        Bloomberg  -  48 words
      • 52 18 AP [BEIJING] China should overtake Japan this year to become the world's No 2 investor in R&D after the US, said the Organisation for Economic Cooperation and Development (OECD) yesterday. China's R&D spending is expected to exceed US$l36 billion this year, passing Japan's forecast
        AP  -  52 words

  • MIDDLE EAST
    • 324 19 Club allows DIC to study books for possible £450m deal by year-end AFP [LONDON] Premiership giant Liverpool is moving closer to a deal which would involve a takeover by a Dubai-based company by the end of the year, press reports here said yesterday.
      AFP  -  324 words
    • 263 19 Bloomberg [TEHERAN] Tiger Woods plans to design a golf course in Dubai, United Arab Emirates, the first by his Tiger Woods Design company set up last month. The 7,700-yard "A 1 Ruwaya" course will open in 2009 and be par 72, Woods
      Bloomberg; AP  -  263 words
    • 223 19 AFP [TEHERAN] Iran has protested that France's celebrated art and antiquities museum the Louvre has deleted the word Persian from descriptions of the Gulf in its guides, Iranian media reported yesterday. "We have recently become aware of this. Certainly,
      AFP  -  223 words
    • 450 19 Four out of seven Gulf Arab bourses at near 2-year lows Reuters [DUBAII Saudi Arabia's stock market on Sunday suffered its sharpest singleday drop in more than four months, erasing all the re-cord-breaking gains of 2005 and setting the stage for more selling.
      Reuters; AP  -  450 words
  • Page 19 Advertisements
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  • GREATER CHINA/INDIA
    • 392 20 Firms to publish 2nd report that meets international standards [BEIJING] Mainland-listed companies will have to prepare two sets of annual reports for this year after new accounting standards come into effect on Jan 1. Shanghai and Shenzhen-listed companies will have to publish their
      392 words
    • 491 20 Central bank urged to take cue from S Korea, S'pore, HK Reuters [SHANGHAI] China needs to set up a state-run investment agency to better manage the country's US$l trillion in foreign exchange reserves, two senior government economists said on Sunday. The People's Bank
      Reuters  -  491 words
    • 39 20 [HONG KONG] A visitor examining mobile phones at a booth on the first day of International Telecommunication Union (ITU) Telecom World2oo6 here yesterday. ITU Telecom World is the biggest telecom exhibition for the global industry. REUTERS
      REUTERS  -  39 words
    • 352 20 Marco Polo CEO plans petition to regulators Bloomberg [HONG KONG] Marco Polo Investments Group chief executive officer Aaron Boesky, who founded the Hong Kong-based hedge fund two years ago, said he plans to ask China's regulators for greater access to the nation's stock
      Bloomberg  -  352 words
    • 229 20 Reuters [NEW DELHI] India has shortlisted four countries in which it may consider buying coal mines as it grapples with growing domestic demand from power plants to fuel a booming economy, a top government official said yesterday. "We have shortlisted
      Reuters  -  229 words
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  • ASIA-PACIFIC/WORLD
    • 531 21 All-stock deal will make new entity world's largest securities servicer AP Bloomberg [NEW YORK] Bank of New York Co has agreed to take over Mellon Financial Corp in a US$l6.5 billion allstock deal that will create the world's largest securities
      AP; Bloomberg  -  531 words
    • 472 21 Bloomberg Reuters [PARIS] Alcatel SA completed its US$ll.6 billion purchase of Lucent Technologies Inc to create the world's largest supplier of telephone networks. The combined AlcatelLucent expects cost savings of 1.4 billion euros (552.9 billion) in three years and plans to cut 9,000 jobs worldwide,
      Bloomberg; Reuters  -  472 words
    • 302 21 Reuters [TOKYO] Global microchip equipment sales are to likely rise 3.7 per cent in 2007, slowing down after three straight years of doubledigit growth, an industry group said yesterday. The latest forecast for 2007 by California-based Semiconductor Equipment and Materials International
      Reuters  -  302 words
    • 406 21 AP [BANGKOK] Thailand's central bank tightened foreign exchange restrictions yesterday to curb speculation of the baht after the currency hit an eight-year high against the US dollar last week. The Bank of Thailand (BOT) increased restrictions on the supply of baht to speculators
      AP  -  406 words
    • 526 21 The firm now faces a hole in its future revenue stream Reuters [LONDON] Shares in Pfizer Inc fell in European and early US trade yesterday after the world's biggest drugmaker scrapped development of its most important experimental medicine. Pfizer halted work on torcetrapib
      Reuters  -  526 words
    • 285 21 Reuters [NEW YORK] LSI Logic Corp, a maker of storage and DVD chips, said yesterday it would buy semiconductor and software storage company Agere Systems Inc for about US$4 billion in stock. The deal calls for the exchange of 2.16 shares
      Reuters  -  285 words
    • WORLD WATCH
      • 83 21 AFP [TOKYO] JAPANESE police yesterday raided a telecom company on suspicion it swindled 40 billion yen (***** million) from investors in a nationwide scam. Kinmirai Tsushin, which operated Internet Protocol telephones, allegedly persuaded around 3,000 people to invest, offering them false promises of handsome profits,
        AFP  -  83 words
      • 102 21 Reuters [NEW YORK] Yahoo Inc, in partnership with Reuters, is inviting the public to contribute eyewitness photos and videos of news events, in the latest move to turn spectators into on-the-spotjournalists. The Internet media company said it has created a news contribution system
        Reuters  -  102 words
      • 76 21 AFP [LONDON] Premier Foods announced yesterday it had agreed to buy rival British group RHM for £1.2 billion (553.7 billion) in a deal bringing together some of Britain's best-known food brands. The deal will create a company with annual sales of about
        AFP  -  76 words
      • 80 21 Bloomberg [LONDON] The number of UK households with more than US$l million in assets will grow by 26 per cent to eight million, or almost a quarter of all households, in the next 10 years, according to a report by Barclays Pic. Britain
        Bloomberg  -  80 words
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  • AVIATION
    • 536 22 A380 jet flies specially to Bangkok after cancellation threat AFP [BANGKOK] European plane maker Airbus yesterday promised no more delays in delivery of its new A3BO superjumbos, as one of the jets was headed to Bangkok to convince Thai Airways not to
      AFP  -  536 words
    • 329 22 Bloomberg [LONDON] British Airways pic (BA) chief executive officer Willie Walsh said a third runway at London Heathrow airport would add £7 billion (5521.3 billion) annually to the UK economy and called opposition to the expansion on global-warming grounds "doom-mongering". Heathrow, Europe's
      Bloomberg  -  329 words
    • LOG BOOK
      • 100 22 Bloomberg [PARIS] Rolls-Royce Group pic, Europe's biggest aircraft-engine maker, said it signed an agreement to equip Airbus SAS' new A 350 XWB airliner with Trent engines. A new version of the Trent model will be offered for all variants of the twin-engine A
        Bloomberg  -  100 words
      • 92 22 Reuters [KATHMANDU] State-owned Nepal Airlines plans to buy two aircraft for its international routes, a top official said yesterday. "The aircraft will be bought as soon as possible," Madhav Prasad Ghimire, the most senior bureaucrat in the Tourism and Civil Aviation Ministry, told
        Reuters  -  92 words
      • 67 22 Reuters [SYDNEY] Australia's Sydney Airport is raising a total of A 52.7 billion (553.3 billion) of bonds using a variety of maturities, credit wrappers, lead managers and structures as part of a refinancing of debt. Sydney Airport, which operates Kingsford Smith airport the
        Reuters  -  67 words
    • 332 22 10b euro plan to compete with Boeing's 787 AP [PARIS] Airbus kicked off a 10 billion euro (5520.6 billion) plan yesterday to build its A 350 XWB wide-bodied jet, designed to compete with Boeing's successful 787 and boost the fortunes of the troubled European
      AP  -  332 words
    • 238 22 [SINGAPORE] A NEW era in premium air travel begins today as Singapore Airlines' (SLA) first Boeing 777-300ER (Extended Range) aircraft embarks on its inaugural commercial flight from Singapore to Paris. Fitted with an entirely new cabin, the new aircraft features the world's widest First
      238 words
    • 2188 22 CITY FLIGHT ETA FLIGHT ETC NZ4355 0715 EK405 0220 311 SQ493 0715 EM33 0250 «WM LH9771 1740 AF8088 2215 1645 NZ4354 2335 SQ268 1740 BA7382 2215 J* 348 645 fC4354 «35 AF8087 1830 QF82 2215 50,92 BA7381 1830 LH9770 2350 |5 4 g Qf81 1W Frankfurt
      2,188 words
  • Page 22 Miscellaneous
    • 208 22 CRYPTIC CROSSWORD of A team DOWN quarter (6) YESTERDAY'S SOLUTION 1 Imnrp«,nn rlaim hv workino 9 For P ins what masked Across: 1 Custom, 4 Chabrier, 9 Si? V robbers wear (5,9) Viable, 10 Capuchin, 12 Ride, 13 -> Ar♦« i n r,i flinht lino 16 Time limits how to
      208 words

  • SHIPPING/TRANSPORT
    • 628 23 Carriers' profits dropping with capacity to rise over 13% next year Bloomberg [SEOUL] Global rates to move cargo by containers may decline for a second year in 2007 as capacity growth from vessels under construction will outstrip demand, South
      Bloomberg; AP  -  628 words
    • 421 23  -  But they continue push for more equal footing with lines By DONALD URQUHART [SINGAPORE] Asian cargo owners are looking at recent regulatory victories as the turning of the tide, as they continue to press for what they say is a more equal footing
      421 words
    • 316 23 Reuters [SHANGHAI] China is expected to surpass the United States as the world's top automotive market by 2020, with output reaching 15 million units, a Chinese academic at a government think-tank said. China's motor vehicle output will likely grow 10 per cent
      Reuters  -  316 words
    • 291 23 SGX '000 Dec4 SS Vol CH Offshore 0.45 unch 2301 ChuanHup 0.31 -001 826 Cosco Corporation 2.22 0.01 4974 CWT Distribution 0.61 unch 176 Ezra Hldgs 3.82 -0.02 322 Freight links 0.07 unch 3153 Grand Banks Yacht 0.87 -0.01 14 Jaya Holdings 1.43 unch 405 K1 Venture 0.42
      291 words
    • 248 23 AFP [BEIJING] A senior official has slammed China's urban transport policy as favouring the cars of the ruling elite and newly rich, while urging more funds for public transport, state press said yesterday. Qiu Baoxing, viceminister of construction, told a weekend policy meeting that urban
      AFP  -  248 words
    • 333 23 Reuters [HO CHI MINH CITY] Thousands evacuated their homes and ships were called in to shore as Typhoon Durian approached Vietnam's coast yesterday, but forecasters predicted it would make landfall as a tropical storm. The storm, named after a pungent and spikyskinned Asian
      Reuters; AP  -  333 words
    • 165 23 Reuters [MIAMI] Nearly 400 passengers and crew were sickened by a common stomach virus on a Caribbean cruise aboard Royal Caribbean's Freedom of the Seas, the world's largest cruise ship, the company said on Sunday. The company said 338 of the ship's 3,823 passengers
      Reuters  -  165 words
    • PORT SHOTS
      • 115 23 Bernama [KUALA LUMPUR] Johor Port Authority (JPA) will play a major role in ensuring that ports in Johor are able and equipped to compete with increasing competition internationally, chairman Abdul Halim Suleiman said. "We intend to continue with our vision of serving the country's
        Bernama  -  115 words
      • 83 23 Bloomberg [SINGAPORE] Daewoo Shipbuilding Marine Engineering Co, the world's second-largest shipyard, said it received an order to build two oil tankers valued at 246.2 billion won (Ss43l million). The order from an unidentified company in Liberia will be by early January 2011, the Seoul-based
        Bloomberg  -  83 words
  • Page 23 Advertisements
    • 36 23 GEMINI MARINE PTE LTD AUTHORISED PARTS AND SERVICE DEALER rgrjl DIESEL EN6INES REPAIR CENTRE s/ 10 ADMIRALTY STREET, NORTH LINK BUILDING *ag #01-83. SINGAPORE *****5 'ST. TEL +45-6542M19 FU H5-654W2? 24/7 SERVICE HOTLINE; H5-*****233 info@performance-boating.com www.performance-boating.com
      36 words

  • EDITORIAL & OPINION
    • 509 24 EDITORIAL INDIA is increasingly demonstrating that it can more than match East Asian economic growth rates on a sustained basis. In the latest quarter to September, its gross domestic product (GDP) grew 9.2 per cent, exceeding analysts' expectations. That is a notch 0.3
      509 words
    • 1370 24  -  KL needs to focus on execution if its ambitious economic blueprint for the state is to succeed PAUUNE NG KL Correspondent Malaysia has unveiled an ambitious blueprint, including two passport-free zones for visitors, to turn the southern state of Johor into a major economic zone to
      AFP; Source: Khazanah Nasional  -  1,370 words
    • 830 24  -  THE BOTTOM LINE NEIL BEHRMANN London Correspondent JOHN Maynard Keynes, the great economist, once dismissed gold as a "barbarous relic". Some relic! Despite decisions by Western central banks to dump gold on the market in the past two decades, gold is gleaming.
      830 words
    • 1169 25  -  Some are predicting that the 2008 campaign is going to be one of the most 'exciting' in US history LEON HADAR Washington Correspondent SO YOU thought now that the midterm US Congressional elections are over, that you could close the store and go
      AP  -  1,169 words
    • 388 25  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to media reports that there will be no government fee increases for one year after the proposed Goods and Services Tax (GST) hike kicks in. This promise was made by the
      388 words
    • 215 25  -  Philip Tan Singapore I REFER to your editorial "Retirees need more financial help" (BT, Dec 1). I support the current discussion and concern over this matter, and support the efforts in addressing this issue. Perhaps just as important is the need to dispel
      215 words
    • 339 25  -  Paul Heng CMF Founding President Asian Association of Career Management Professionals I REFER to your article "Technology can help prolong working life" (BT, Dec 1). The key issues raised of falling birth rates, ageing population, and extended life spans are real issues that
      339 words
    • 653 25  -  By ALEXANDER ARTEM SAKHAROV TWENTY-FIVE years ago, a Reagan administration official asked my opinion on whether America was facing a clear and present danger from Russia. 1 said no. Despite the heated rhetoric on both sides, the Russians never intended to initiate an
      REUTERS  -  653 words


  • 7808 26 SGX MAINBOARD Transaction date: Dec 4 52-Wk Tel Last Vol Day Last Quote Oiv GrYld Net MCan High Low Code Company Sale COOP) High Low Buyer Setter Cw HE Srml _H| 11 5 6 3148 |o <2*h 1259 10 10 9.5 10 49 J.9 105 47 9 8
    7,808 words
  • Page 26 Advertisements
    • 35 26 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

  • 5513 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool atn In S$ In USS %tfy %yr dy y dy *yr De< 1 Index Ch»ng« Change Chang* Chnnqe Ch»ng» Change rtie World indei Preftmiiav >068.3 <14 10,2 03 tS -03 15.5 t EAR Preliminary 1C65? -06 85 -03 103 -0.1 19.7
    5,513 words

  • Page 28 Advertisements
    • 1553 28 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DD LEADER RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOl/SAV DD SUCCESS RDM/ATW/BMNALB/NAN Loads Singapore, E./W. Malaysia, Indonesia Load$ E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination j SAFE DBI/ABU/DOH/BRN/DMM/KWT Destination PAN BRIGHT JDH/AQA/DMT STX PO TBN INC/BSN ASEAN GLORY DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E.
      1,553 words
    • 487 28 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com vcsa VOT RAMP HBGHT SM LBC MAO SAV Ml ORE TEXAS AH3S 4201 MS 4.4 M 10/12 02/01 11/01 15/01 20/01 11/01 TAMERLANE AF434 3201 mm 4.4 M 11/12 10/01 10/01 23/01 27/01 25/01 TAMO AF7OI 4201ws 4.4 M 11/12 21/01 30/01 03/02 00/02
      487 words

  • Page 29 Advertisements
    • 793 29 WAN HAI INTERNATIONAL PIE LTD a NO: 14M5W0000/R I««B ki un uirfi TEL *****588 (14LINES) FML6224U63 \AM i WAN HAI lINrS o^^s«™a/Booki«pl™-nsoo)*****200 V llVllllll hllliil# Hal* (03) *****»«« FA* (03) *****288 WITH: 104) 226*00 FA* (04)22%«» V JOH TR: (07) 251W23 FA* (*****1W21 Sl* l* (031) 32*5475 FA* (031) 32*2714/
      793 words
    • 1103 29 Ivtssil VOY PKL I SIN KARACHI PXI BAB DMM MK KHOR IRAN KORDfSTAN PCL 8173 09/12 U/12 21/12 22/12 28/12 30/12 01/01 IRAN TABATABAEI PCL 5174 11/12 12/12 21/12 24/12 25/12 31/12 02/01 04/01 IRAN SATTARI PCL 1177 18/12 19/12 28/12 31/12 01/01 07/01 09/01 11/01 1 VESSEL VOY SIN
      1,103 words
    • 671 29 ID WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VBSE I VOT I SIN I MUMP (OitHWO N. SHEVA COIOtWO wmrawm rrwws ?bwov 29nov i»dh osptc wdk KAJIY GANDHI 01 WW 06 DK 07DK IQDK 13 DK 17DK IAJIAHADW 011WK I?DK 1 13PK It DK
      671 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 4328 30 This ETA HA Advertiser Vessel Voyage Telephone ETA ETA A*ertiser Vessel g SIN Oest'n Name Name Number Number SIN Oerfn Name 08/01 23/01 Nortrans THOR TRIBUTE 4/06 *****776/86 23 To ABIDJAN (ABJ) 2003 Cote D'lvoire To DUNKIRK (DUK) 2117 France 2/ 16/12 19/01 Delmas
      4,328 words

  • PROPERTY
    • 191 31 Bloomberg [HONG KONG] Henderson Land Development Co will sell interests in eleven Hong Kong properties for HK$l.OB4 billion (*****.49 million) to help establish a real-estate investment trust (Reit), the company said in a statement yesterday. Henderson Land, Henderson Investment Ltd and
      Bloomberg  -  191 words
    • 607 31 Majority of home owners blame them for inflating property prices Bloomberg [LONDON] A majority of Britons blame residential real estate brokers for inflating property prices, and say the profession is one of the least liked in the UK, according to a
      Bloomberg; BLOOMBERG  -  607 words
    • 374 32 It partners Russian firm for US$11b investment in project's first phase AP [DUBAI] A Dubai-based developer plans to build a new Russian city on 18,000 hectares near Moscow, it announced on Sunday. The project, dubbed Great Domodedovo, was described by developer Limitless
      AP  -  374 words
    • 690 32 Reuters [TOKYO] Japan's 40th property trust made its debut last week, but a market that has grown to US$35 billion in just five years will probably need to consolidate and undergo deregulation if it is to continue to thrive. With the US$222 million IPO
      Reuters; BLOOMBERG  -  690 words
  • Page 31 Advertisements
    • 446 31 SB S VE District 14 ;3,j j "Geylang Mansion" i i <JT fV J a'/ COLLECTIVE SALE Site Area 17,000 sq.ft. QEyUkHQB °AD Tenure Freehold ~.1 Ii I 8 plot Ratio: 2 8 U P to 8 storeys) Ijl i 8 Location 2 Geylang Lorong 26 21 Prime Residential/Hotel Site
      446 words
    • 416 31 3 f SINWA MARINE sum* AND LOGISTICS SINWA LIMITED (the "Company") (Registration No *****6542H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 80 Raffles Place #25-01 UOB Plaza 1 Singapore *****4
      416 words
    • 959 31 TENDER SALE 16 WOODLANDS LINK 2-storey detached food factory with 2-storey office block Land 76,2955f approx. Floor Area 46,7005f approx. •30+ 30 years wef 16 Nov 1995 Tender Closing 8 Dec 2006 (Friday), 12noon For details, call 9388 7879 6228 7323 Lianhe Zaobao I ifiitexiis I I waaf affifrwgxa IN
      959 words

  • Page 32 Advertisements
    • 89 32 I lllllllllllllllllimilllll I mimiiiiiiiiiiiii"" 11 i 9c i S wBKsiA f 1 I jiife&s. 11 gaJnow -'g^i ill '««."9i3 i iiSilfiEm! Radio 91.3 is managed by SPH Unionworks, a subsidiary of ttiv Singapore Press Holdings |i |jj| cbk i /Nik I s■ MHm V 81 ijSkl. ■—IHE? W /Aw j§
      89 words
    • 112 32 TUt \y&.o Kvet 'Ivej'crve eireiA, a,sk n»v crj" C'CrM/ j"enrt o,*vol jpvtvro.C'^f tt\.e tt\.«*t ever^tlu*v^ IAJC(!(! p 2tfv,fv*vecl i« v > u i > f jiyr 3 «Ht jjgt K >■ [AV.gX [fjJUI vehrt/C'K^*l>'fi'y? Four Seasons Hotel Rates start at BED BREAKFAST PACKAGE: While staying IN the £/S$ T/lO* SuPER,OR
      112 words