The Business Times, 7 December 2006

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

Total Pages: 32
1 32 The Business Times
  • 24 1 THE BUSINESS TIMES wmmth ANNIVERSARY JD SINGAPORE 85 cents online at http://business-times.asial.com.sg Jr A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Thursday, December 7,2006
    24 words
  • 602 1 US corporate bosses' net stock sales hit widest margin in 20 years Bloomberg [NEW YORK] Stock sales by America's corporate chieftains exceeded purchases last month by the widest margin since 1987, a sign that they do not share the confidence of investors
    Bloomberg  -  602 words
  • 817 1  -  Bourses ending year on high note, but analysts are divided over outlook By TEH HOOI LING [SINGAPORE] The return of investor interest in the region lifted South-east Asian stock markets to new heights, making them among the top performing markets in the world
    817 words
  • Page 1 Advertisements
    • 50 1 PROPERTY fffllM GEReaJEstate S'PORE'S NINE MILLIONTH VISITOR !^-i-' HtSb wMKhh i lA| vssk iwmm iBR \jbfrs? v hhHMH ik fll> SKJOSS^k. m 9B JT HItX mjlv i v# ffwfe--1 s^Bßf '■?r- ■.r #^■SL^^BV', :-/',/nJL J '■Hi Russian doctor Vladykina Elena arriving at Changi Airport to a rousing welcome PAGE 12
      50 words
    • 36 1 S'PORE POPULATION Up 3.3%, fewer babies, more divorces PAGEI2 BizlT Motorola sees uptake of WiMaxnext year PAGE 27 Software users told: Time for a change PAGE 28 IH 8 *****1 *****4 Markets Digest is held over
      36 words
    • 148 1 ■T RETAILING ..-A Singapore company J OSIM goes to Harrods MMMMMS PAGE 3 ■Bk a. Geneve your own ■Usw 1 *Bi HHBHmH gy >• 9^^^^^^HMH^^^Bfe^li r S JfIHRTr .JKHk IF Ml J .s*■ I jUt W* jg|# w&r .j* ma ''iß^r f m« Jstf Iffi J Alt j» jtfHß S
      148 words
    • 8 1 ANALYSIS Don't overtook GST when outsourcing PAGE 21
      8 words

  • TOP STORIES
    • 435 2  -  Carrier takes heat from travellers, moves to cut costs By VEN SREENIVASAN [SINGAPORE] Faced with travellers' complaints, Malaysia Airlines (MAS) has promised to review domestic airfares. MAS said yesterday that it would complete the review by Jan 19, while undertaking measures to cut
      435 words
    • 423 2 Car seizure saga puts consumer laws in spotlight SINGAPORE'S consumer protection laws are in the spotlight after a recent case of helpless car buyers caught between dealers and financiers. The inadequacy of the laws became apparent when a company repossessed five cars from people who did not buy
      423 words
    • 389 2 Bloomberg {SINGAPORE] Temasek Holding Ltd, the Singapore investment company, may buy Pakistan Industrial Credit and Investment Corp Ltd through a unit to add insurance and asset management businesses in the South Asian country. Temasek's NIB Bank Ltd has reached an agreement with
      Bloomberg  -  389 words
    • 62 2 IN the report "Youcan Foods to launch big ad blitz on CCTV in 2007" (BT, Dec 6) we said Youcan Foods International will pay 75.6 million yuan for slots on China Central Television in 2007. This is incorrect. The advertising campaign will be funded mainly by You Kang Food
      62 words
    • 782 2  -  MAS PROPOSALS TO IMPROVE MARKET CONDUCT Move sends right message about good governance By MICHELLE QUAH [SINGAPORE] The Monetary Authority of Singapore's (MAS) efforts to tighten up market enforcement here has received a resounding thumbs-up from directors, lawyers and corporate governance advocates. Specifically,
      782 words
    • 279 3  - OSIM scores a first with London store in Harrods By UMA SHANKARI [SINGAPORE] OSIM announced yesterday that it has set up shop in the hallowed halls of Harrods the first Singaporean retailer to do so. Harrods, located in Knightsbridge in London, and one of the world's most prestigious department stores,
      BLOOMBERG  -  279 words
    • 707 3  -  Inadequate system apparent after 5 cars wrongfully repossessed By SIOW LI SEN, KELVIN HAN [SINGAPORE] The citystate's consumer protection laws are in the spotlight after the recent case of helpless car buyers caught between dealers and financiers. The inadequacy of the laws
      707 words
    • 382 3 US$100m deal expected to be signed soon, sources tell Indian financial paper Economic Times The Government of Singapore Investment Corporation (GIC) and New York-based hedge fund Galleon Partners are close to buying a 20 per cent stake in Edelweiss Capital
      Economic Times  -  382 words
  • Page 2 Advertisements

  • Page 3 Advertisements
    • 109 3 THE HOURGLASS Contemporary Horological Art PanoMaticVenue V, f (jfa■sfjiilfr ORIGINAL HANDMADt IN GERMANY f Hipsocurvex Papiilon DANIEL ROTH MASIfKPIlCIS IN T H i 4 8 1 Of WATCHMAKING THE HOURGLASS MNtiAPORI MAIAYMA IHAIIANM IAKASHIMAYA Si III «.S «.7 »4 ,»4.'0 MIALAIUMPUR RANtiKOfc IAN(i I'lAZA HI hVo.'li 7I'DI MIRIAMO III <•<>
      109 words

  • COMPANY NEWS
    • 655 4  -  HOCK LOCK SIEW By VEN SREENIVASAN IS CITY Axis formerly known as ISG Asia about to "do a Wilmar"? Just over a month ago, Salim-controlled Indofood Oil Palm announced a reverse takeover of ISG Asia, an interior design firm listed on Sesdaq. Under
      655 words
    • 656 4 He also raises stake in holding company PCRD to 76 per cent cents yesterday. Bloomberg RICHARD Li has raised his stake in PCCW Ltd, Hong Kong's largest phone company, to strengthen control after shareholders rejected a plan that would have made state-owned
      cents yesterday. — Bloomberg; AP  -  656 words
    • 402 6  -  New bid values firm at $1.1b; block trade raises stake to above 50% By WEE LI-EN NAUTICAL Offshore Services (NOS), which is owned by buyout fund adviser Affinity Group, has bought more shares in shipping company Jaya Holdings to acquire control, and
      402 words
    • 530 6  -  Raffles Yantai wins jack-up rig deal worth US$135m By CONRAD RAJ THE global rig building boom continues with Singapore's Keppel Offshore Marine (KepO&M), the world's largest builder of jack-up rigs, securing a US$37l million contract for the largest jack-up ever to be built here.
      FILE PHOTO  -  530 words
    • 366 10  -  Company says it'll vigorously resist and defend Pacific Coatings' suit By CONRAD TAN BRILLIANT Manufacturing is being sued in the High Court for $21,400 by a joint-venture partner for alleged breach of contract, a claim which Brilliant intends to "vigorously resist
      366 words
    • 331 10 Group to write back $83m in loan provisions SEMBCORP Industries (SCI) will write back provisions for loans of about $83 million which will be reflected as an exceptional gain for its 2006 full-year results, following the sale of its interest in a
      FILE PHOTO  -  331 words
    • 386 10  -  By OH BOON PING ENVIRO-HUB Holdings, an electronic waste management and recycling group, has inked a sale and leaseback agreement for two properties. The total sale price is $54.9 million. The put and call option deal with MacarthurCook Property Investment is for the two
      386 words
    • 302 10  -  By SAMUEL EE STAMFORD Tyres' net profit for the six months ended Oct 31 fell 13.7 per cent to $5.6 million on increased pressure from material costs, even as total revenue rose 15.3 per cent to $138.3 million. Singapore's biggest distributor and
      302 words
    • COMPANY BRIEFS
      • 42 10 UNITED Industrial Corp (UIC) director and major shareholder John Gokongwei has increased his deemed stake in the company from 31.54 per cent to 31.976 per cent through a married deal of six million shares at $1.81 each.
        42 words
      • 53 10 SHOE manufacturer Hongguo International Holdings said its executive chairman, Chen Yixi, has placed out 28 million shares, or a 7 per cent stake, to three institutional investors. Mr Chen said he has no further intention to reduce his stake in the group over the
        53 words
      • 80 10 THE Ascott Group will invest U5523.5 million in a joint venture it is setting up with Vietnam's Hoabinh Co Ltd. The joint venture will buy a 206-unit serviced residence property in Hanoi. Ascott's investment covers US$7.2 million for a 90 per cent stake
        80 words
      • 74 10 ABOUT half of One Tree Hill Residence, or 25 units, have been taken up by a US-based investment fund. The 48-unit project, built by Soilbuild, is located in Grange Road. The investment fund paid 5541.7 million or an 11.7 per cent
        74 words
      • 44 10 TRI-M Technologies and Surreyville have agreed to convert part of the $21.99 million owed by Tri-M to Surreyville into new Tri-M shares. Tri-M will convert $12.47 million of the debt into 155.91 million new shares.
        44 words
      • 65 10 TOTAL Access Communication (TAC) is reviving its listing in Thailand, after a hitch last month involving the delisting of its parent United Communication Industry (UCOM). TAC, Thailand's second-largest mobile phone operator, will offer up to 44.4 million shares, including up to 28 million vendor shares,
        65 words
  • Page 4 Advertisements
    • 45 4 wz' r •>- JBEH Km. ~w" ,^vshew. WmM \f,* f M. i *«b JPfc- -m W K mm B 9 >:■ B| ft.-. |i JK st r ml IJ m V Da j^iiiawiiViSMtK wmt V v W i ,>j i?' f "-T/ VI BOSS HUGO BOSS SELECTION
      45 words
    • 1385 4 Hitchins HITCHINS GROUP LTD i' (Incorporated in the Republfe of Singapore) w l (Registration No. *****0189 D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Hitchins Group Ltd. (the "Company") will be held at Republic of Singapore Yacht Club, 52 West Coast Ferry
      1,385 words

  • Page 5 Advertisements
    • 189 5 M Audemars Piguet Le maitre de Vhorlogerie depuis 1875 NEW MILLENARY COLLECTION I ;.f V'; iif 4 A I-• i m. m J vH v*\ 4 k ill I -^ar V^^H|hJv^ v a /a v j«|HBH^ N oa i?SJ y'^^mmSSmSSKBBSrnHKm v\ Jt? A;, n gf-^Jikvp^l^B svl A iv/A»laL^-I Msm',>* T
      189 words

  • Page 6 Advertisements
    • 811 6 FIRST a i u REIT FIRST REAL ESTATE INVESTMENT i x LB i flliiifB! *> :^i^l^^^^^L sSb*' m B^M^B^wbbbP|K^^^B|B^B |jyj||j|K This advertisement is qualified in its entirety by, and should be understood in offering Price of sso.7i per Unit. conjunction with, the full text of the prospectus which has been
      811 words
    • 100 6 ■■1^ Our qualified professionals can assist you with offshore nwwjjpr S^m structures, shelf companies and incorporations in ALL British Virgin Islands Cayman Islands Bahamas Mauritius fIKHHSHHBRH Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning.
      100 words

  • Page 7 Advertisements
    • 1400 7 advertisement (JBJA'^ N; |NV est )A^ H cV MPO S general merchandise stores are on the m if) lit nse n urban and suburban areas and 1 -f iBD 0 1 regional cities. This presents more stioft' opportunities for Singapore retailers who A Takashimaya have opened stores near Sml 1
      1,400 words

  • SINGAPORE MARKETS
    • 531 8  -  STOCKS But the market barometer yields only about seven of the 50 points gained on Tuesday TEH HOOI LING Senior Correspondent THE Straits Times Index managed yesterday to hang on to the bulk of its 50-point gain chalked up on Tuesday, sliding by a
      Source: Bloomberg  -  531 words
    • 992 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Dec 6 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr S (00°) 000 Midas Hldgs 6-Dec-06 Chen Wei Ping Sell ***** 1.05 ff'2 If UlCLtd 6-Dec-06 John Gokongwei, Jr
      992 words
    • Article, Illustration
      889 8  -  Compiled by UMA SHANKARI Biosensors International Dec 6 dose: S $0,985 ÜBS Investment Research, Dec 4 Four changes in recent years: Biosensors has seen three CFO changes over the past few years, including Chato Abad who joined in December 2005 and has just resigned. COO Steven Thomson left
      Source: Bloomberg  -  889 words
    • 520 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar again hit fresh multi-year lows against favoured Asian counterparts yesterday, even though it did finish in better shape versus last week's top gainers. The greenback was forced to lows not seen as far back as
      Source: Reuters  -  520 words

  • COMPANIES: CHINA STOCKS
    • 431 9  -  Currently at less than 10%, it may rise to 25% of total in 3 years Reports by JEAN CHUA CHINA Lifestyle Food and Beverages said its overseas sales could make up a quarter of its total sales in three years' time, as
      431 words
    • 300 9 It will double capacity as product is more profitable YARN and fabric maker Hongwei Technologies will double its capacity to produce synthetic cotton, which gives it higher margins than its traditional yarn products. The new product, which Hongwei started making in November last year
      300 words
    • 5037 9 UNIT TRUSTS FUNDS A8EmgMktsBUS0 29.64/ Dm I AB Aim Income AT SGO 13.47/ DW AB Amer Income BT SGO 13.52/ DW ABN Amro Asset Mgt (S'pora) ABAmer Income AT USD 8.74/ DW Star Europe Eq«y'** 031' AB Amer Income BT USD 877/ DW Star Europe Bortl 1228/ AB Amet income
      5,037 words
  • Page 9 Advertisements
    • 95 9 I 0 u 1 H (1 i y i. nWAmr to* iutJMM HOUMTMM Good Business Please call *****848 for the new holiday business gift catalogue. Inside are memorable gifts to express your thanks to employees, clients and colleagues. < Tiffany&Co. SINGAPORE RAFFLES HOTEL ARCADE NGEE ANN CITY BUSINESS SALES *****848
      95 words

  • Page 10 Advertisements
    • 2493 10 "When you go up to the Ifi summit of the mountain, I IS think about when you have B IS to come down... More H B people have died on the ■I DBlO B way down than on the H Take 3.5G connectivity 111 way up. You want to go
      2,493 words
    • 109 10 Jf HOWARDSDH m STORAGE MS WORLD' HI Business Opportunity BH Howards Storage World® is a specialty retailer selling all forms of storage and organisational products for the home and office. Our flagship Singapore Store opened in Parkway Parade in January 2005. Singapore Franchise Opportunities Now Available EHj We are looking
      109 words

  • SINGAPORE INTERNATIONAL
    • 956 11  -  Business opportunities abound in oil-rich Middle East, which is trying to diversify into new industries, reports CHUANG PECK MING CHUANG PECK MING FLUSH with rising oil revenue, states in the Middle East are pumping more petro-dollars into new industries and building projects. And their moves
      956 words
    • 686 11 BE PREPARED to work on Saturday and Sunday if you want to do business in Dubai and the Middle East as a whole. And we are not talking about just the occasional weekend burnt. Saturdays and Sundays are regular working days in the
      686 words
    • 523 11 DBS BANK is the first bank in South-east Asia to have a presence in Dubai and among the first few Asiabased financial institutions to secure a banking licence there. The bank, which has "AA-" and "Aa2" credit ratings, among the highest in the
      523 words
  • Page 11 Advertisements
    • 241 11 International Enterprise Singapore International Enterprise Singapore's mission is to help Singapore Tap on our services to enhance your export competitiveness enterprises grow and internationalise successfully. Tasked to One-to-one company consultations CD-ROM on ft As ISkL develop Singapore's external economic wing, we offer a wide of an FTA. range of services
      241 words
    • 40 11 ENTERPRISE the Business times SINGAPORE Singapore Singapore tatamadonal k a weekly, mailwMoeured mrtm brought to you by IK Singapore and Tho lurfneai Tlnm II Singapore te an agoncy under the MMffy ofTreda and lndu*y helping Singapore •nterphw export and kitemationetiw.
      40 words

  • SINGAPORE NEWS
    • 416 12  -  Highest number of marriages since 2002; divorces also increase to record level Reports by JEAN CHUA SINGAPORE'S population has risen by 3.3 per cent over last year, but fewer babies are being born and more couples are divorcing. The number of non-residents
      416 words
    • 418 12 LIKE most tourists, Vladykina Elena was looking forward to the usual Singapore experience tasty food and great shopping when she arrived at Changi Airport on SIA flight 5Q375 from Moscow yesterday morning. But as she stepped through the sliding glass doors into
      418 words
    • 357 12  -  By UMA SHANKARI A 21,000 sq ft hotel site across the road from Vivo ity is up for collective sale with a $52 million price tag. Citiport Centre on Telok Blangah Road was put on the market yesterday after Dickson Property Consultants
      357 words
    • 351 12  -  By CONRAD TAN CITIBANK Singapore has launched a series of Syar-iah-compliant financial products aimed at helping Islamic financial institutions and fund managers in the region manage their investments and risk-expo-sure. There is a range of fixedterm, commodity-based murabaha investment products, as well as the Islamic equivalents
      351 words
    • 438 12  -  By UMA SHANKARI JTC Corporation will soon launch a request for proposals for private developers to build Phase 2B of its cutting edge science and engineering R&D hub Fusionopolis, the industrial landlord said yesterday. A request for proposals (RFP) could be launched sometime
      438 words
    • SINGAPORE ROUNDUP
  • Page 12 Advertisements
    • 39 12 S c f% S K I 111/, p f Kg* "\T |M I /w I•. M SINCERE fine watches NGEE ANN CITY TEL (65) 6733 0618 LUCKY PLAZA TEL (65) 6737 4593 SUNTEC CITY MALL TEL (65) 6337 5150
      39 words

  • Page 13 Advertisements
    • 157 13 5 ~*X' < j,\ t»" DDBftCMTATinN W777H3J72W TO register your participation in the luncheon presentation, kindly complete the reply slip below and fax it to our office before 5 Dec 2006 (Wed) LUNCHEON KOREA TRADE-INVESTMENT PROMOTION AGENCY SINGAPORE FAX: *****850 Investment Opportuntleejn t Outline of Investment Interest in Korean Tourism
      157 words

  • ECONOMY WATCH
    • 528 14 Year of change as Europe, Asia drive growth while US economy weakens Reuters [PARIS] The International Monetary Fund (IMF) will trim its global growth forecast for 2007 but the outlook remains healthy for a year of "profound change" where Europe and Asia
      Reuters  -  528 words
    • 291 14 AFP [BEIJING] China has set an official economic growth target for next year of about 8 per cent despite expectations the expansion will be much faster, a senior government economist said yesterday. "The central government set the annual target at about 8
      AFP; REUTERS  -  291 words
    • 274 14 AFP [SYDNEY] The Australian economy slowed more than expected in the third quarter and its worst drought in 100 years was likely to keep the pressure on, official figures showed yesterday. Gross domestic product for the three months to September grew a seasonally adjusted 0.3
      AFP  -  274 words
  • Page 14 Advertisements
    • 347 14 M^BB^BWBBB^BW^^^^BWBBBSSBW^^^gSM| Diners Club Card To apply, col! 6416 0980 mnil A World of Exclusive Privileges Treats i Diners Club www.Jmerm.com.tg International' 60 Reasons To Feast Again Savour delectable dishes in our popular '60 Dishes Deluxe Feast' such as Braised Shark's Pin Soup with Crabmeat, Shredded Pork with Garlic Chilli Sauce,
      347 words
    • 35 14 Fantastic value You con eryoysokxk soups, ke cream, local {lessens Hkekxkacang and too such plus fresh fruit for only $3*! With every oajer of a local or western i delkjHt from $6.90*. M *i > J
      35 words
    • 10 14 >0^ :0 jy V* < For enquiries, call 6831 6071 72
      10 words
    • 24 14 GOOD GAINS Let your investors Know by advertising your financial results in our newspapers. Call 1800 289 8822 or email riotices@spb.com.sg. £0 mpm NOTICES
      24 words

  • MALAYSIA/INDONESIA
    • 163 15 AFP [JAKARTA] Insulting the Indonesian president is no longer a crime after the Constitutional Court said yesterday that it had revoked a colonial law used by ex-president Suharto to silence critics, and more recently against student protesters. Court chairman Jimly Assiddiqie said the
      AFP  -  163 words
    • 436 15 Penang operations will become a key technology centre for the HDD maker Bernama [PENANG] Seagate Technology the world's leading supplier of hard disk drives (HDD) and storage solutions has committed to invest over US$2OO million over the next five years in
      Bernama  -  436 words
    • 305 15 [KUALA LUMPUR] A controlling stake in banking group Rashid Hussain Bhd (RHB), said to be up for sale, may now cost a lot more than before as a bidding war looms, Malaysia's Business Times cited analysts as saying. A relaxation in
      305 words
    • BRIEFLY ASIA
      • 44 15 Bloomberg [KUALA LUMPUR) Malaysia's government said the Naza Group has proposed buying a stake in state-controlled carmaker Proton Holdings Bhd. Naza, a Malaysian auto assembler, "expressed its intention" to acquire a stake, Prime Minister Abdullah Ahmad Badawi said yesterday.
        Bloomberg  -  44 words
      • 87 15 Reuters [KOLKATA] Political consensus was needed to permit greater foreign investment in India's insurance and pension fund sectors given the "slow" progress, Finance Minister Palaniappan Chidambaram said yesterday. The Congress-led government wants to lift the cap on foreign ownership in insurance firms to 49
        Reuters  -  87 words
      • 67 15 Reuters [KUALA LUMPUR] British retailer Tesco pic said yesterday it agreed to buy Malaysian retail chain Makro Cash Carry for an undisclosed sum, in a bid to boost market share in the region. Tesco said the purchase of Makro's eight Cash Carry stores, totalling more
        Reuters  -  67 words
      • 47 15 Reuters [MUMBAI] ICICI Bank Ltd, India's second-largest lender, said on Tuesday it had opened offices in Bangkok, Jakarta and Kuala Lumpur, to capitalise on a rise in cross-border deals. With the new offices, ICICI Bank would have a presence in 17 countries.
        Reuters  -  47 words
  • Page 15 Advertisements
    • 118 15 JUST A SMILE AirPlns INTE R NAT I O N A I JUST A CORPORATE CREDIT CARD AIRPLUS. WHAT TRAVEL PAYMENT IS ALL ABOUT. We have been specialising in globai payment solutions, reporting and analysis of business travel for over 15 years. Furthermore we have helped our 30.000 corporate clients
      118 words

  • GREATER CHINA/INDIA
    • 299 16 THE Prime Minister's Office (PMO) has stepped into the matter of Bharti Enterprises* proposed tie-up with US-based retailer WalMart, ostensibly to address the concerns of Left parties, which are opposed to giving multinational companies a free rein in retail, according to a report
      299 words
    • 61 16 [BEIJING] A masked cyclist moving in polluted air in Lanzhou, in China's western Gansu province on Tuesday. Visibility fell to only 300 metres in the morning. China's pollution problem has worsened this year as the demands of the surging economy continue to challenge anti-pollution efforts, according to
      AP  -  61 words
    • 453 16 But Beijing also rules out easing of foreign investment caps any time soon Reuters [BEIJING] Chinese policy makers yesterday affirmed Beijing's determination to liberalise the country's financial sector while ruling out the easing of foreign investment caps any time soon. China is likely to
      Reuters  -  453 words
    • 319 16 So far, the bank has given loans mostly for local projects AFP [SHANGHAI] China Development Bank intends to use its vast assets to help more Chinese companies expand overseas, especially in natural resource projects, the Financial Times reported yesterday. China Development Bank,
      AFP  -  319 words
  • Page 16 Advertisements
    • 72 16 Hfe i |Al fc sel Hi v L A «■■^■p p I jg Ik A M ■k -wjj "mUtittmt, I A 41 y fl ■l 3 1 ■L Eh v .JlreV I ■k W juIXV ■jfet I A I W sH I W n|H I 1 W 1 ■1m -^EiiHWßWiii
      72 words

  • ASIA-PACIFIC/WORLD
    • WORLD WATCH
      • 97 17 AFP [LONDON] Indian steel tycoon Lakshmi Mittal and Russian businessman Roman Abramovich came first and second in a newspaper's list of the richest people living in Britain released yesterday. Mr Mittal is worth £13.2 billion (5539.9 billion), while Mr Abramovich, owner of Chelsea Football
        AFP  -  97 words
      • 128 17 Bloomberg [DELAWARE] Morgan Stanley, Credit Suisse Group and 10 other securities firms won't have to face combined claims by investors who contend the firms rigged initial public offerings (IPOs) in the *****, a federal appeals court ruled on Tuesday. The US Court of Appeals
        Bloomberg  -  128 words
      • 105 17 Bloomberg [LONDON] Middle East real-estate industry salaries rose as much as 15 per cent in the past year because of a burgeoning number of projects and growing demand for property professionals, the Macdonald Co recruiting firm said on Tuesday. The salary increase, which
        Bloomberg  -  105 words
      • 79 17 Reuters [PARIS] ISS, a shareholder advisory and proxy voting firm, recommended that Euronext shareholders vote in favour of the pan-European exchange's planned merger with New York Stock Exchange NYSE Group, Euronext said yesterday. Euronext, which operates the Paris, Amsterdam, Brussels and Lisbon bourses
        Reuters  -  79 words
      • 109 17 Bloomberg [LONDON] NTL Inc, the UK's biggest cable television company, abandoned a £4.73 billion (S$ 14.3 billion) offer for ITV pic, ending a month of wrangling between billionaires Rupert Murdoch and Richard Branson. NTL said acceptable terms "were unlikely to be attained" after ITV,
        Bloomberg  -  109 words
    • 421 17 Move limits foreign acquisitions of US assets if national security issues arise Reuters [WASHINGTON] US and international business groups on Tuesday objected to a new Bush administration policy that would require foreign companies to potentially unwind acquisitions of American assets if national
      Reuters  -  421 words
    • 47 17 [LONDON] This iconic black Givenchy dress, being modelled here by a Christie's auction house employee, was worn by Audrey Hepburn in the 1961 film, 'Breakfast at Tiffany's'. It sold for a cool £410,000 (Ssl.2 million) on Tuesday, around seven times its pre-sale estimate. REUTERS
      REUTERS  -  47 words
    • 381 17 Reuters [NEW YORK] NYSE Group Inc, operator of the New York Stock Exchange, said on Tuesday it had received regulatory approval to expand its hybrid system to all securities listed on the exchange a move that could speed up trading
      Reuters  -  381 words
    • 423 17 Reuters [BRUSSELS] Arcelor Mittal the world's top steelmaker unveiled a major refinancing and an asset sale and reiterated a steady profit outlook yesterday, prompting its shares to outperform the market. Mittal Steel shares were up 1.5 per cent to 31.65 euros
      Reuters  -  423 words
    • 417 17 AFP [SYDNEY] Australia's sec-ond-largest media company Fairfax media yesterday announced a takeover of the rival Rural Press group to create a As 9 billion (5510.89 billion) regional press behemoth. The offer by John Fairfax Holdings Ltd, worth up to As2.B billion, came as
      AFP  -  417 words
    • 2256 17 vol Gamuda 535 0.07 660« DecC R* W- COOS) General Corp 038 unch 218 Gentmg .29.75 0.50 2260 AAMReatty 1.42 0.02 3 George Kent 031 -0.01 272 Abric 335 unch 133 GHL System. -3JS -0.01 ***** ACP Industries 1.27 -0.02 255 GlobetronicsTech 0-31 -0.01 7051 Advance Synergy .0-23
      2,256 words

  • AVIATION
    • 573 18  -  World freight grows 2.3% y-o-y vs September's 4.9%, says lata By VEN SREENIVASAN [SINGAPORE] International air freight traffic recorded its slowest monthly growth for the year in October, according to data released by the International Air Transport Association (lata). lata's October
      REUTERS  -  573 words
    • 305 18 Bloomberg [SINGAPORE] Tiger Airways Pte, the discount carrier partly owned by Singapore Airlines Ltd, said it expects to get 20 per cent of seats to be offered between Singapore and Kuala Lumpur within two years. "We see the opportunity for Malaysia to
      Bloomberg  -  305 words
    • 225 18 Reuters [LONDON] Congestion at British airports could cost airlines and passengers more than £5 billion (5515.1 billion) a year by 2015 if plans to expand London's airports are stopped due to environmental concerns, a study backed by the aviation industry said on
      Reuters  -  225 words
    • 430 18 Flag carrier warns it may scrap A380 orders if talks fail Bloomberg (BANGKOK] Thai Airways International pel, Southeast Asia's second-biggest carrier by market value, may complete talks with Airbus SAS this week or next over compensation for the delayed delivery of the A3BO
      Bloomberg  -  430 words
    • 199 18 Reuters [BEIJING] The world's highest airport, which serves Tibetan capital Lhasa, has for the first time handled more than one million passengers in a year, China's official Xinhua news agency said yesterday. The one millionth passenger through the airport this year departed on an Air
      Reuters  -  199 words
    • 2161 18 IL. "Z2 T== a aw Dh bl 225 557? 504S3 0715 EK433 0250 Adaiaid* L ]'i° 2215 EK404 1345 NZ4354 2335 21? j§8 ;tji 2335 BA7381 1830 LH9770 2350 U F 4*X SS Igifg flfg SSiSrt AC9951 LH9765 14* Ti-.-r IW9762 0655 L***** 1430 A—lfd— L*****
      2,161 words
  • Page 18 Miscellaneous
    • 212 18 CRYPTIC CROSSWORD 1 Rest uneasily accepting support for race (2,5) 8 Years on a road a good YESTERDAY'S SOLUTION 2 Naked, surrounded by rubbish source of energy needed for Across: 5 Buffet, 8 Coiffeur, 9 Pamatenal (7) this distance (7) > nache, 10 Ingle, 11 Embrasure, 13 3 Concord in
      212 words

  • SHIPPING
    • 651 19  -  Its Rhapsody of the Seas, which arrives on Sunday, will use S'pore as home port By DONALD URQUHART ISINGAPOREI Royal Caribbean International, one of three cruise lines planning to use Singapore as a home port, has announced its schedule of five regional cruises.
      651 words
    • 452 19 Reuters [BREMEN, Germany] A German shipping company plans to harness ocean winds by unfurling a giant high-tech kite over a cargo ship next year to boost the vessel's propulsion and to conserve fuel. The "Sky Sail", a 160 sq m kite tethered
      Reuters  -  452 words
    • 318 19 Reuters [SEOUL] South Korea's top shipping firm Hanjin Shipping Co and Japan's thirdlargest shipping firm Kawasaki Kisen Kaisha Ltd entered a stake swap deal to strengthen an existing alliance, the companies said yesterday. The two firms currently cooperate in running lines and terminals.
      Reuters  -  318 words
    • 203 19 They will work with China Shipping to build container berths in Dalian Bloomberg [HONG KONG] Dalian Port (PDA) Company, operator of China's biggest crude oil terminal, Nippon Yusen KK and China Shipping (Group) Co agreed to form a venture to build container berths in
      Bloomberg; FILE PHOTO  -  203 words
  • Page 19 Advertisements
    • 324 19 IBPB II j Department of Real Estate 1 w The Amos Koh Memorial Fund Committee National University of Singapore A Real Estate Event in Support of the Amos Koh Memorial Fund In 2003, the NUS Department of Real Estate established the Amos Koh Memorial Fund to commemorate the lifetime achievements
      324 words
    • 1213 19 GEMINI MARINE PTE LTD AUTHORISED PARTS AND SERVICE DEALER DIESEL EN6INES REPAIR CENTRE 1/ 10 ADMIRALTY STREET, NORTH LINK BUILDING VStf #01 -83. SINGAPORE *****5 TEL HHMIMIf FIX: *4W542f42f 24/7 SERVICE HOTLINL +******5213 info@pertormance-boating.com www.pertormance-boating.com >at^ NOTICES B7P A EZRA HOLDINGS LIMITED Co. R«g. No. *****1411N (Incorporated in tK« Republic
      1,213 words

  • EDITORIAL & OPINION
    • 507 20 EDITORIAL IT'S been said repeatedly before, and now yet another study confirms it: Singapore is a key player in the global services outsourcing business. A survey of 305 senior executives around the region just released by the accounting and consulting firm KPMG has revealed that
      507 words
    • 951 20  -  What is needed is better management of public enterprise. China has proved that state owned enterprises can be made to function much more efficiently than believed possible ANTHONY ROWLEY Tokyo Correspondent THERE are certain things in life that no-one likes forking out money for, the
      AP  -  951 words
    • 808 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group LET'S face it. Foreign exchange markets are not mass entertainment. So you might have missed the latest excitement of the sliding US dollar. Who cares if the euro is now worth US$l.33 instead
      The Washington Post Writers Group  -  808 words
    • 1460 21  -  Any business considering outsourcing must factor in the consequential GST effects if they are to be successful By KOH SOO HOW, COLIN EADES THE impending GST hike announced by Prime Minister Lee Hsien Loong on Nov 13, 2006 has created much interest among consumers and
      FILE PHOTO  -  1,460 words
    • 746 21  -  MATTHEW LYNN Bloomberg THE Internet has the financial services industry in its sights. Some recent initiatives show that the Web is starting to chew away at some profitable areas of banking. Recently, the Internet has hammered the media industry. Newspaper publishers have lost readers
      Bloomberg; FILE PHOTO  -  746 words
    • 382 21  -  LETTER TO THE EDITOR Ang Hao Yao Singapore I REFER to the letters "Minority shareholder supports SIAS call" (Nov 30, BT) by Tan Bien Chuan and "IDs help in corporate governance" (Dec 6, BT) by Mak Yuen Teen. The two writers have succinctly described the
      382 words

  • Page 21 Advertisements
    • 103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification Please use temperate language, and bear in mind libel
      103 words
    • 1435 21 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NTUC HEALTHCARE INTERNATIONAL (PTE) UD RC No.: *****5930E (Incorporated in the Republic of Singapore) (IN LIQUIDATION) MaMM VOUIMTABY WINDING UP At on Extraordinary General Meeting of the members of the abovenamed Company, duly convened and
      1,435 words

  • 10243 22 SGX MAINBOARD Transaction date: Dec 6 52-Wk Td Last Vol Day Last Quote On GrYtd Mot MCap Mgfc low Code Company Soto +1- COCO) Wgh law Buyer SoMor Cvr M in* 3.5 1 5716 1st Software 2.5 -0.5 468 3 2.5 2.5 3 101 11.5 6 3148 BTelecom
    10,243 words
  • Page 22 Advertisements
    • 35 22 TVade from 20% deposit (5 x leverage) on mo* stocks Go long or short Competitive financing rales in ail markets Access to Asian, US, Euro stocks Select Exchange Itaded Funds and Indices Competitive Commission charges
      35 words

  • 5695 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy %yr dy yr %dy %yr Dec 5 Index Change Change Change Change Char.ge Change World Index Preliminary 1000 3 0.4 11.4 02 7.9 03 16.6 EAFE Preliminary 1065.9 04 9.5 02 11j6 04 20.5 Europe
    5,695 words

  • Page 24 Advertisements
    • 1543 24 UK CONTINENT SERVICE U.».A SERVICE ——i———————————————— Destinotion Destination DO LEADER RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOL/SAV DD SUCCESS RDM/ATW/BMN/TIB/NAN Loods Singapore, E./W Malaysia, Indonesia [oodl E {txionn>o MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination J SAFE D6I/ABU/DOH/BRN/DMM/KWT Destination PAN BRIGHT JDH/AQA/DMT STX PO TBN INC/BSN ASEAN GLORY D6I/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E
      1,543 words
    • 472 24 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com ynsa VOT I MM HOGHT SM LK MAO SAV Ml 0«f tu as tfus 4Nta t.4M li/ii 01/01 n/ei 11/ei 20/01 u/01 TOUtUM AM)* I?01m 0.4 M 11/12 10/01 10/11 21/01 27/01 2S/01 !AHtO AF7OI 4201 M *.4M M/ll 21/01 20/01 02/02 00/02 00/02
      472 words

  • Page 25 Advertisements
    • 1570 25 WAN HAI INTERNATIONAL PTE LTD at NO **********0/1 TEL *****588 (14UNB) FAX:*****163 \\\M WAN II A I I |MF\ Servke/Bookhgs Direct Um (1800) *****200 V 11 I ffnll lIMI LIIIL J rUIH: 103) *****WHUt (03) 334Z32M FBI IB: 04)*****00 ML-«M)2296t99 V- JON IB: (07) 251*923 FA* (07)*****21 S» IB: 1031)
      1,570 words
    • 1226 25 |yi£BS|^H IVESStL VOY PKL I SIN KARACHI I DXB I MB 1 PMM BIK KHOU IRAN KOR DC STAN PCI 8173 10/12 19/12 22/12 23/12 29/12 31/12 02/01 IRAN TABATABAEI PCL 8174 11/12 12/12 21/12 24/12 25/12 31/12 02/01 04/01 IRAN SATTARI PCI 8177 18/12 19/12 28/12 31/12 01/01 07/01
      1,226 words
    • 711 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vkse I vot I aw pjoaiig cocomo n st€v» coummo m»GMDW OIOWH 07 DK OMIT II OK 14OK lIOK iaiiahaoui 01 low hdk i 3 0K it ok hdk 73 ok ionraiwu Imam| itpk I ?odk
      711 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5382 26 This HA HA A4»»tl»i VMM) »W Tlliphim HA HA A*r«rHwi V«M( Veyge Tilijtui n DWa mm Haw Noah* Ikaahar UN DWa Im Mmm ftaafcv Haator > N 11/01 2%Ot ChmaSlog MERIAN 040* 6S1W98 To ABIDJAN (ABJ) 2003 Cot* D'tvoire 1602 IKI Deimas now MIMAS
      5,382 words

  • BizIT
    • 281 27 New technology to spot criminals and delete their pages Bloomberg [NEW YORK] MySpace. com, the social networking website owned by News Corp, is creating technology to help block convicted sex offenders from using the site. Sentinel Tech Holding Corp and MySpace will build a searchable,
      Bloomberg  -  281 words
    • 614 27  -  Motorola will offer the broadband service as part of the Wireless@SG initiative By ROLAND LIM in Hong Kong DEPLOYMENT of WiMax wireless broadband applications will be one of the key drivers of growth for Motorola's networks operations in Asia next year, according
      614 words
    • 196 28 Xinhua [BEIJING] A Chinese has developed a computer operating system for servers that is said to be more secure than other server software used so far in national defence. The Kylin operating system passed an assessment test by experts from the state 863 Hi-tech Research
      Xinhua  -  196 words
    • 454 28  -  Salesforce.com has mock ceremony to mark 'the end of software' By KENNETH JAMES IT'S close to that time of year, and salesforce.corn's president and chief executive for Asia-Pacific, Steve Russell, looked like a lat- ter-day Santa Claus dispensing Christmas gifts. In fact, he
      SALESFORCE.COM  -  454 words
    • 687 29  -  German firm bets on more mature technology markets to drive Asian sales By WINSTON CHAI WHILE most technology companies view China and India as sizzling revenue hot spots, Software AG is charting a growth path which currently excludes the region's twin economic
      687 words
    • 579 29 LAT [SAN FRANCISCO] A broad restructuring at Yahoo Inc on Tuesday will result in the departures of the company's chief operating officer and Lloyd Braun, the former ABC television chief who was hired two years ago to bolster the Internet giant's relationships in Hollywood. Chief executive
      LAT; BLOOMBERG  -  579 words
    • 632 29 Reuters [HONG KONG] Eddie Lee watches TV on his daily commute on his cellphone. The financial adviser is one of 700,000 pairs of eyes that subscribe to broadband television provided by PCCW Ltd, Hong Kong's former fixed-line phone monopoly and now the world's
      Reuters  -  632 words
    • 316 29 Bloomberg [BANGALORE] Cisco Systems Inc. the world's largest maker of computer-net-working equipment, is considering manufacturing in India, chairman John Chambers said. "India offers opportunities for manufacturing in many areas," Mr Chambers told reporters in New Delhi yesterday. He made further comments at a press
      Bloomberg  -  316 words
  • Page 27 Advertisements
    • 236 27 FOCUSED APPROACH Software AG betting on more mature technology markets in Asia PG 29 JfaißtßXA >tppMBFTi .j*. «r/- fgiflK Jw T T *J2S9IHHP 19i jEmR^ ;^«P H- f SE -HI I ««»> I T— Jf —m,- T—l ?:ss3s s X II 2 X Ki.v nL Q K5" I JH T
      236 words

  • Page 28 Advertisements
    • 123 28 I Delighting You Always ■■I |1 '''M m Rnllf i^SH hB MHMMiii'lYDiml™" i m^yi^^M^feSi-^yKiMpifcM^^H^BHa^^TagK44HJllMfcij -,^^J|||^|Hk\Vß^&i^^^ V ii ImmmmES SRKSiiISE Who can offer a whole spectrum of colour solutions? Whatever your business issues scanning and producing professional documents in accurate colour, keeping control of your costs, or even finding new ways
      123 words
    • 60 28 Irnlm/ZTI DCS Networks Re Ltd I /Jf y N 83 Gerrting Lane #05-03 A Genting Building, S'pore *****8 I J Tel: 6745 2883 f I www.dcsnetworks.sg u HM LffixJl ®EB3:: J—WlH^—fti^ •^^HEBfiBS •^MeMilißj^Hi ••tSBBHHP 9 l radio 91 (3 Hotline 6691 1913 SMS 9766 6913 Z Radio 91.3 is managed
      60 words

  • Page 29 Advertisements
    • 250 29 Canon Delighting You Always Award-winning LCOS technology just got bctt^^^ HVW! Platinum Award &«||Mt2oo6 Soon. 'sWVjKaSjlf* jfe -ißk JHL Wk a B 3XO^. 3500 lumens -)000:1 contrast ratio 1.7 x wide angle zoom lens Supports Adobe RGB From the award-winning XEED SXSO comes a complete Award-winning LCOS and AISYS technologies
      250 words

  • PROPERTY
    • 427 30  -  20-storey freehold property to be called Negara on Claymore By KALPANA RASHIWALA UOL Group will take over the management of the 198-room Meritus Negara Singapore hotel in the prime Claymore area from Jan 1. 2007. The 20-storey property will be
      FILE PHOTO  -  427 words
    • 361 31  -  Acquisition marks its maiden investment in S'pore property By KALPANA RASHIWALA GE Real Estate has made its maiden investment in the Singapore property market, with its acquisition of Anson House for $75 million or $1,040 psf of existing net lettable area, BT
      361 words
    • 345 31  -  By ARTHUR SIM NEXT year looks set to be a good one for retailers across Asia, with almost all of them set on expansion, a new survey shows. In the latest Jones Lang LaSalle (JLL) Retailer Sentiment Survey, a majority of respondents said
      345 words
    • 221 31 Bloomberg [HONG KONG] Shanghai Real Estate Ltd and its biggest shareholder sold shares at a discount to raise HK$B2B million (Ssl64 million), its first share sale in a year. The Hong Kong-listed developer sold 342 million shares at HK52.42 apiece, a discount of 4 per
      Bloomberg  -  221 words
    • 470 32 Besides offices, it will have medical suites, drive-in banking hall and car showroom SC GLOBAL Developments has decided to develop the former Shell petrol staUon site at Newton Hoad into an office building with medical suites, with potential for
      470 words
    • 1579 32 PROPFRTY TRANSACTIONS I ODGFD RFTWFFN NOV AND PFf S 7006 PROJECT NAME/ PROP CONTRACT TENURE BUICMNAREA PRICE PSF STRgT NAME TYPE DATE (SQ FT) 5V000) (St) District 1 NOWLANDED Emerald Gdn Apt 16/*****06 999 980 980 1000 People's Park Cphc Apt 21/11/2006 99 1604 480 299 TheSatfAtM»uB«y Apt 21/11/2006
      1,579 words
  • Page 30 Advertisements
    • 150 30 WMH /^^nkS^H Jifflflo ~fIK BH JH >if v Jl_m Sav? >*-^EB^BMiM P& to* Nl I £>1 Bk: Jf If pr igr j t# |yi w V T .t,, j* IKIL —MPi M /T3 v?*/!SL m*- T HfflHnk/wvli infe ffif I Ipl^lh :^^Ht j i^yi nOHH S v nMHHffI» vHHI^^H^HfIHH Raffles
      150 words
    • 111 30 I Mi savilts I Ifjmmm vIIBBI I^HHHHKpmJLX Good corporate image 1,200 8,000 sf Prime ground upper Near MRT stations floors ayailable Attractive rentals 9792 8416/9693 4126 PRIME SHOPHOUSE SERANGOON ROAD AUCTION 20/12/06 H* 4 adjoining 2-storey refurbished shophouses Total land area 4,834 sq ft, Freehold Used as retail shops eating
      111 words

  • Page 31 Advertisements
    • 110 31 savills For Lease UE Print Media Hub, at Paya Lebar Road BRAND NEW, TOP Ist1 st Quarter 2007 5-storey building with basement carpark Units from 1,300 sqft 17,000 sqft Food Court in Building Next to Circle Line MRT Station Attractive Rentals Sole Marketing Agent ElfSeah 9693 4126 6415 7330 Cayce
      110 words
    • 117 31 11 J! l l- 111 Movawithus International FTlOVewitJllJS Property Land investments International 'Big on research, big on returns' Exceptionally high yield high capital gain investments with a track record of outperforming. Exclusive deals that developers themselves invest in! Worldwide developments UK's biggest network of realtors Contact Ella at info@movewithusintl.com or
      117 words
    • 111 31 8 OPP Obtained v* Freehold Site Area 21,168 Sq Ft Plot Ratio 3.5 r.bkcTrs».. py Dj rec tiy Across Vivo City/ St. James Power /f subject Station Entertainment Complex site Outside Harbour Front MRT Station Gateway To Sentosa IR TELOK BLANGAH RD TOCITY«=O- KEPPEI. RD Tender Closing Date: 17 January
      111 words
    • 151 31 iMBIWMMBIHBiIiSWM savills I PRICED TO SELL H CORNWALL GARDENS Brand new house with pool 2-Storey Good Class Bungalow Greenery views Hj jT Land area -15,070 sq.ft. (approx.) HHMB! Floor area -10,000 sq.ft. (approx.) Tenure Freehold PRICED TO SELL Potential for subdivision into 3 plots Perched on hillside Greenery views Land
      151 words

  • Page 32 Advertisements
    • 239 32 74^/IMM B^UdyUi era; P m»*m Freehold RnidMitial V HHi Plot Ratio: 2.81 36 atorey M I p|p| i| §79 tqFt (approx) 0. Jd i#t n PkX B: 15,657 Sqft (approx) x Z g Plot C: 15,166 SqFt (approx) Minute to CBO 4 Orchard Rd x Walking distune* to Toa Pay
      239 words