The Business Times, 12 December 2006
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2006-12-12
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The Business Times
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Title Section23 2006-12-12 1 THE BUSINESS TIMES ■fth ANNIVtMAIY JD SINGAPORE 85 cents online at http://lxisiness-times.asialxom.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Tuesday, December 12,200623 words
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Article, Illustration543 2006-12-12 1 ARTHUR SIM - It expects resort to account for half of S'pore's $30b tourism revenue target by 2015 By ARTHUR SIM [SINGAPOREI Resorts World at Sentosa will be Singapore's single biggest tourism earner, raking in $15 billion by 2015, developer Genting International's chairman Lim KokBLOOMBERG - 543 words
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Article135 2006-12-12 1 STI 2,887.23 (+22.09) ST INDEX FUTURES 2.884.00 (+21.00) SIMSCI 352.19 (+3.03) SIMSCI FUTURES 354.30 (+3.30) MARKETS Monday Change KLCOMP 1,101.70 +3.11 NIKKEI 225 16.527.99 +110.17 HANG SENG 18.924.66 +184.67 SET INDEX- Closed JAKARTA COMP 1,759.67 -15.61 MANILA COMP 2,841.77 +10.37 SEOUL COMP 1,390.73 +0.30 SHENZHEN B 395.32 +12.63135 words
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577 2006-12-12 1 ANNA TEO - By ANNA TEO [SINGAPORE] The buzz is back. A robust economy has meant not just higher pay all round this year but increased churn and staff turnover, especially in the top ranks. According to Mercer Human Resources Consulting's latest577 words
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Page 1 Advertisements
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Advertisement10 2006-12-12 1 CHINA STOCKS TPV Tech's Q3 profit down 7.7% PAGE 1010 words
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Advertisement36 2006-12-12 1 I JH FEDERAL RESERVE Ben Bernanke's greatest inflation victory Ir M PAGE 3 BT Corporate Transparency Index Few changes to top scorers PAGES 12 13 TELCO Merrill Lynch rerates Sing Tel to 'neutral' PAGE 4 836 words
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Advertisement108 2006-12-12 1 FALUNG DOLLAR jTjfM How America's trading partners are affected M'SIAN INSURANCE Great Eastern Holdings j calls off merger t PAGE 15 tfLiLik*] Speculators jS eye Marina 1 Residences U PAGE3O I^————^ 4ffl| i THE HOURGLASS I k»ii»ltKM* .tl Ail \i.\'«. vr> >r i ,v! vni t! !<.... r v... v108 words
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TOP STORIES
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Article54 2006-12-12 2 IN the column "City Axis: another Wilmar in the making?" (BT, Dec 7). ISG Asia was described as an interior design firm. The company has clarified that it offers management and construction services in the real estate sector. Also, the company that acquired ISG Asia's services business was ISG54 words
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423 2006-12-12 2 ARTHUR SIM - SENTOSA IR By ARTHUR SIM [SINGAPORE] Genting Group plans to raise close to US$5OO million in a fundraising exercise, with a substantial part going towards building the $5.2 billion Resorts World at Sentosa. Group chairman, president and CEO Lim Kok Thay said in Singapore423 words
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454 2006-12-12 2 S JAYASANKARAN - Sentosa IR bid winner sees little impact on its casino and resort in M'sia By S JAYASANKARAN in Kuala Lumpur SHARES of companies connected to Malaysia's Genting group jumped on both sides of the Causeway and in Hong Kong yesterday in the first day454 words
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Article543 2006-12-12 2 Falling redefines US trade partners' competitiveness THE weakening American dollar is starting to redefine the competitiveness of US trading partners, including Singapore. A realignment in wage costs a key determinant of where foreign direct investment flows to is still taking shape as the effects of the greenback's recent543 words
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Article228 2006-12-12 3 change in hourly pay of production workers, 200W)5 HOURLY COMPENSATION, HOURLY NATIONAL EXCHANGE COMPENSATION CURRENCY RATES USS Amcrkn United States 3.6 3.6 Brazil 8.1 20.2 29.9 Canada 13 74 9.4 Mexico 4.1 3.7 7.9 Asia and Octante Australia 2.9 3.6 6.5 Hong Kong SAR* 2.4 1 1& Israel228 words
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567 2006-12-12 3 He wants credibility in the institution, not personality Bloomberg [NEW YORK] Ben Bernanke's greatest inflation victory to date may be in deflating the aura of power and influence surrounding his job. In 10 months in office, the Federal Reserve chairman has givenBloomberg - 567 words
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707 2006-12-12 3 CHUANG PECK MING - It appears that S'pore's edge has sharpened in wake of weaker US dollar By CHUANG PECK MING [SINGAPORE] The weakening American dollar is starting to redefine the competitiveness of US trading partners, including Singapore. A realignment in wage costs a key determinant of707 words
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Page 2 Advertisements
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Advertisement73 2006-12-12 2 JOY TO THE WORLD. UP TOl2 MONTHS' FREE INSTALMENTS WORTH $19,900* FIRST YEAR INSURANEE SUBSIDY* EASH REBATES AS HIGH AS $11,700* jMHH ?MMk\ BUY THE NEW VOLVO XC9O, SBO OR S6O BEFORE 31 DECEMBER AND ENJOY THESE AMAZING FESTIVE OFFERS*. HURRY, VISIT OUR jr^jT SHOWROOM TODAY. BBas2<Q •Terms and conditions73 words
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Advertisement9 2006-12-12 2 people Roaming Asia-Pacific. Www thepeopleatwork.com I Asia-Pacific Executive Search9 words
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Advertisement87 2006-12-12 3 W -imrnr'itjnnTittr'*iaff"- ,B rr*r—r*r i-mr Hf ■<■*■*»» ■>*» I I H I V/ jf fc 1 Iff! 1 »t;^JmRML*'- M. R'M -1—— Q > ?*Mi^Brmr' > HBJte? I 'l.x-' ;-.n^/P"pHp^B^^^F Ee *tA '< Jj I H jidßl Hi K« •>- Jul Vflßf/iiH'' ■flu '■yMyiML- IflUt». £§§l&i Vfl. »gm P| j87 words
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COMPANY NEWS
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Article688 2006-12-12 4 SIOW LI SEN - HOCK LOCK SIEW TELECOM FOCUS By SIOW LI SEN ON SUNDAY in Oslo meeting the King and Queen of Norway were four Bangladeshi "telephone ladies". They were among nine board members of Grameen Bank who shared the 2006 Nobel Peace Prize with founder banker Muhammad Yunus,688 words
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485 2006-12-12 4 SIOW LI SEN - Shares surge 14 cents, or 4.5%, to six-year high of $3.22 By SIOW LI SEN SINGAPORE Telecommunications (Sing Tel) shares surged again yesterday, up 14 cents, or 4.5 per cent to $3.22 as Merrill Lynch rediscovered its love affair with the stock. The investment485 words
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240 2006-12-12 4 CONRAD RAJ - By CONRAD RAJ WITH oil prices still above US$6O a barrel, the almost unrelentless search for new sources of crude is keeping Singapore's shipyards busy for the next four years. The already record orders for new rigs was boosted yesterday by another order for a240 words
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Advertisement772 2006-12-12 4 V H Jm, Jhl Lb I Ik .^fl I lLr 1 r M ••3«W»?3Mf•'"••:<?-ni |ls APPLY NOW! ONE OFFER CLOSES AT 2:00 P.M. ON 12 DECEMBER 2006. CHEMOIL DELIVERING ENERGY OUR COMPETITIVE STRENGTHS: CHEMOIL ENERGY LIMITED (incorporated in Hong Kong on 9 October 1987) Company Registration Number: *****1 Chemoil Energy772 words
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Advertisement94 2006-12-12 4 Our qualified professionals can assist you with offshore structures, shelf companies J||Hjr7 HkT and incorporations in ALL lßg~ jurisdictions including: British Virgin Islands Cayman islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate94 words
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Advertisement63 2006-12-12 5 Thank you for 105 years of support. For over 100 years, Citigroup has been at the forefront, building strong partnerships with Singaporeans and companies. Now more than ever, we are proud to be part of the Singapore landscape. We thank you for your loyal support and look forward to serving63 words
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SINGAPORE MARKETS
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Article, Illustration552 2006-12-12 6 R SIVANITHY - STOCKS The index puts on 22 points, but soft session sees the broad market post 220 falls against 194 rises R SIVANITHY Senior Correspondent JUST as it was on Friday, it was once again Singapore Telecom which provided the main support yesterday for the StraitsSource: Bloomberg - 552 words
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Article, Illustration1002 2006-12-12 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Dec 11 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr S ('000) OOP) Riverstone 8-Dec-06 Lee Wai Keong Buy 300 0.28 ***** 13.59 *2379 13.68 Escelpoint 8-Dec-06 Phuay Yong1,002 words
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Article481 2006-12-12 6 UMA SHANKARI - Compiled by UMA SHANKARI Capita Land Dec 11 close: 556.00 CITIGROUP RESEARCH. Dec 8 Downgrade to "sell/low risk" on rich valuation: We have upgraded our RNAV to reflect higher office and residential prices. However, we are downgrading the stock to "sell" for valuation reasons. At the current price,481 words
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Article, Illustration260 2006-12-12 6 YEO KEE YAN - CHART POINT By YEO KEE YAN chartist at Kelive Research THE benchmark Straits Times Index (STI) has surpassed our near-term chart target of 2,880, but the advance is increasingly susceptible to an impending correction, and we see limited scope for the index toSource: NeMEW - 260 words
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Article, Illustration534 2006-12-12 6 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent TAKING its cue from last Friday's US trading, the US dollar extended its comeback in Asia yesterday, ahead of what could be yet another challenging week especially versus its North Asian counterparts. Traders reported that much stronger thanSource: Reuters - 534 words
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COMPANY NEWS
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Article, Illustration818 2006-12-12 7 ROLAND LIM - Company remains confident despite forecast slowdown in semicon industry By ROLAND LIM DESPITE the anticipated slowdown in the overall semiconductor industry, semiconductor test and assembly service provider STATS ChipPAC (STATS) says it is confident of achieving growth in the double-digit range that will outpace theFILE PHOTO - 818 words
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380 2006-12-12 7 PAULINE NG - By PAULINE NG in Kuala Lumpur SINGAPORE developer Capita Land reckons its Quill Capita Trust (QCT) venture in Malaysia will help it expand across the Causeway despite the un-der-performance of Reits there and the small size of the trust. Capita Land, through Capita380 words
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489 2006-12-12 9 RONNIE LIM - Developer for water and power project to be shortlisted by May By RONNIE LIM A SEMBCORP Industries consortium which includes the Japanese partners in its Vietnam power plant venture has just been prequalified by Abu Dhabi for the mega Fujairah II independent water and power489 words
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610 2006-12-12 9 Reuters SINGAPORE construction and engineering firm Yongnam Holdings said its order book should triple in size next year due to several big infrastructure projects in the city-state and the Middle East. Yongnam wants to win bigger deals at home and abroad, including contractsReuters - 610 words
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COMPANY BRIEFS
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Article63 2006-12-12 9 MHDIA Asia Entertainment yesterday delivered a profit warning for the financial year ending Dec 31, 2006, saying that results will be "substantially less" than the previous year's. Results have been affected by the lower than expected theatrical performance, licensing results and the postponement of production63 words
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Article51 2006-12-12 9 SINGAPORE Land said it has bought a residential site in Chengdu for 174.6 million yuan (5534.4 million) in a government land auction. The site has a land area of 7,600 sq m and a 7.0 plot ratio. It may be developed into high-end residential apartments,51 words
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57 2006-12-12 9 MAPLETREE Logistics Trust (MLT) has agreed to purchase a warehouse-cum-office property for $10 million from SGX-listed Eastgate Technology. The property in Tampines will be leased back to Eastgate for seven years with an option to extend another seven years. MLT said that the deal will57 words
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Article50 2006-12-12 9 ACMA Ltd announced yesterday that it will place out 68.5 million new shares in the company at six cents a share, raising about $4.1 million for working capital purposes. The shares will be placed out to Alpha Securities Pte Ltd and four other individuals.50 words
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Article62 2006-12-12 9 SHARES of Airocean will be delisted from the Singapore Exchange from today, as the merger between A-Sonic Aerospace and Airocean takes effect, the two companies said yesterday. A-Sonic also said that Airocean, now its wholly-owned subsidiary, has accepted a letter of offer from a bank62 words
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55 2006-12-12 9 FU YU Corporation said that its executive chairman and chief executive Lui Choon Hay has stepped down from both positions from yesterday. Mr Lui will remain a director. Vice-chairman Ching Heng Yang will become executive chairman, while a chief executive will be55 words
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61 2006-12-12 9 OCEAN Sky International said that its wholly owned subsidiary in Honduras was affected by a fire which started in a neighbouring factory. The subsidiary Sky Textile Honduras had goods, machinery and equipment worth US$l.l million in its warehouse. It expects to recover the value61 words
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Article, Illustration462 2006-12-12 9 ANGELA TAN - By ANGELA TAN SHARKS of Fraser Neave Ltd (F&N) climbed more than one per cent yesterday to $4.54 apiece after Temasek Holdings, the Singapore investment company, said it would buy a 15 per cent stake in the drinks maker famed for its Tiger Beer.462 words
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Advertisement130 2006-12-12 7 e. yi wf .M JUS I A SMII I Air Plus INIIHNA I I O N A I JUST A C OKPOK AI I (KIDIT C AKI) AIRPLUS. WHAT TRAVEL PAYMENT IS ALL ABOUT. We have boon specialising in global payment solutions. topoilim) and .analysis ol business travel lot ovet130 words
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Advertisement1810 2006-12-12 8 VOLUNTARY UNCONDITIONAL CASH OFFER by KPMG Corporate Finance Pte Ltd (Incorporated in Singapore) (Co. Reg. No: *****0417 D) for and on behalf of Kerith Holdings Re. Ltd. (Incorporated in Singapore) (Co. Reg. No: *****4838E) to acquire all of the issued ordinary shares in the capital of C.K. Tang Limited (Incorporated1,810 words
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Advertisement1497 2006-12-12 8 (a) The Offer Price of 550.65 represents a premium of between 12.3 per cent, to 27.0 per cent, to CKTs Average Prices for the various periods set out in the table above prior to the date of this Announcement. (b) The Offer Price of 550.70 represents a premium of between1,497 words
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Advertisement191 2006-12-12 9 *s sR i T' S 3? At PATEK PHILIPPE GENEVE Begin your /'^IUHH^V jHHH|IB[BMBBBBBB&BIB^J^P>>>iii^Ij[^M^W|BBM|^Mfc 1 IHB v^p^. pHH^^B^S^Bn^HB^BB3«Hk W^ v ,v :«l 1 |»1 HMHHkt in CFDs CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. (55) 6390 5118 Go lonq or short of shares191 words
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COMPANIES: CHINA STOCKS
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378 2006-12-12 10 JEAN CHUA - Decline in profitability attributed to falling prices and stagnating sales of monitors Reports by JEAN CHUA HONG Kong's TPV Technology said net profit for the third quarter fell 7.7 per cent as selling prices decreased and sales of its TFT-LCD monitors stagnated.378 words
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424 2006-12-12 10 CNA Group said yesterday its unit has won contracts, worth about 130 million yuan (5525.6 million), to build wastewater treatment plants in China. These are in addition to the deals it clinched in September. The three new projects that Beijing Herocan Environmental Engineering424 words
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Article5795 2006-12-12 10 UNIT TRUSTS FUNDS Afi Emg Mkts B USD 29 42/ Bilk AB Amer income AT SGD 13 51/ AB Amer Income BT SGD 13.55/ AMI Aimo Asset Mgt (S'pora) AB Amer Income AT USO 873/ Star Europe Eqtyl** 1 033/ AB Amer Income BT U50 876/ Star Eirope Bond 1-218/5,795 words
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Advertisement109 2006-12-12 10 ********************111 l lllllllllllllllllllll"'" /ssgrgreat radio Sfegrtefcig! 1253? i»w» i i products m i Whether you are launching a new I product or branding your company talk to our brand new team at J Call 6319 1900 or emao* I a<^ vert ise(Q)radio9l3.com and see how we can really push in°n109 words
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SINGAPORE NEWS
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Article, Illustration538 2006-12-12 11 MATTHEW PHAN - Singapore Spotlight team's Japanese host interested in investing here By MATTHEW PHAN ENTREPRENEURS from Singapore's food and fashion industries met Japanese restaurant managers and retailers during a recent trip to Tokyo, getting insights into that notoriously tough market and occasionally hearing from the538 words
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444 2006-12-12 11 GENEVIEVE CUA - By GENEVIEVE CUA OCBC Bank has launched a novel single premium insurance plan that can give a sum assured of up to 22 times the premium, for a term of 20 years. After the 20th year, the plan can be extended for another 20444 words
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93 2006-12-12 11 NANYANG Technological University (NTU) yesterday announced it has received $10 million from the Lien Foundation, together with a matching government grant, to launch the Lien Chinese Enterprise Research Centre. The centre will conduct research on Chinese enterprise and produce a series of case studies93 words
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306 2006-12-12 11 NANYANG Technological University is putting aside $40 million to set up a new graduate school dedicated to developing leaders in diplomacy and security matters and produce research central to the security issues of the region. President SR Nathan officially launched the new school306 words
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Advertisement66 2006-12-12 11 cr o V CO co c O W rt v. O CL L, o U OO d u "O c 3 O cS -C w CO d) r u O J* ice E -o ft* L u «2 y 5 r ■<ii i jji Fi jti i w □□a WORLD66 words
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FOCUS: BT-CTI
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6283 2006-12-12 12 1 Qian Hu Corporation Ltd Dec 31 '05 58 36 94 2 Raffles Holdings Ltd Dec 31 '05 56 31 87 2 SingTel Mar31'06 49 38 87 3 Ascendas Real Estate Investment Trust Mar31'06 40 40 80 3 CapitaCommercial Trust Dec 316,283 words
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Article, Illustration1094 2006-12-12 13 MAK YUEN TEEN, PENELOPE PHOON-COHEN - Qian Hu maintains lead position while SGX enters top 10, report MAK YUEN TEEN and PENELOPE PHOON-COHEN MAK YUEN TEEN, PENELOPE PHOON-COHEN THE third edition of the Business Times Corporate Transparency Index (BT-CTI), conducted in collaboration with the Corporate Governance Financial Reporting Centre (CGFRC) andFILE PHOTO - 1,094 words
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ECONOMY WATCH
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Article, Illustration384 2006-12-12 14 NYT [OSLO] Bangladeshi banker Muhammad Yunus, who invented the practice of making small, unsecured loans to the poor, warned on Sunday that the globalised economy was becoming a dangerous "free-for-all highway". "Its lanes will be taken over by the giant trucks from powerfulNYT - 384 words
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502 2006-12-12 14 Exchange rate is a matter of national sovereignty, Beijing tells Washington Reuters [BEIJING] China yesterday raised the stakes for high-level economic talks with the US by reporting a near-record monthly trade surplus and telling Washington that its exchange rate is a matter of nationalReuters - 502 words
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202 2006-12-12 14 Bloomberg [JAKARTA] Indonesia's consumer confidence index rose to a 17-month high last month on optimism of higher incomes and better job prospects, the country's central bank said yesterday. The index rose to 101.6 in November, the highest since June 2005, according to BankBloomberg - 202 words
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Article2317 2006-12-12 14 VOL Gamuda .4.88 -0.06 3723 DK11 KM *1- COOO) General Corp .0.65 -0.02 155 Genting .32.00 2.75 ***** AAMReatty 137 unch 2 George Kent .0.80 unch 55 Abric 0.33 -0.01 39 GHL Systems 0.25 unch 6941 ACP Industries 1.23 -0.03 342 GlobetronicsTach 030 -0.01 6621 Advance Synergy ..0.242,317 words
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Advertisement224 2006-12-12 14 fflfH "As stupid as it may sound, none of this is really real money. It's not as if you have cash B K 91 I Stay n touch, always. Supports Microsoft Direct Push or Blackßerry Connect High-speed WiFi (802.11b/g) I GSM Quad-band with GPRS and EDGE Enjoy Mobility www.getDopod.com Burgundian224 words
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MALAYSIA/INDONESIA
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462 2006-12-12 15 PAULINE NG - Move is no surprise due to lack of progress over three years By PAULINE NG in Kuala Lumpur AFTER trying for more than three years, Great Eastern Holdings (GEH) has called off a proposed merger between its Malaysian insurance subsidiaries and those of Pacific462 words
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Article, Illustration407 2006-12-12 15 It may commit up to RM2b to buy 51% stake in Proton's manufacturing arm, say sources AP (KUALA LUMPUR] German car giant Volkswagen AG may conduct a due diligence audit on Malaysia's national carmaker Proton before Christmas ahead of a possibleAP; AFP - 407 words
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343 2006-12-12 15 [KUALA LUMPUR] Two parties have submitted plans to acquire Jaring, Malaysia's first Internet Service Provider (ISP), from government-owned Mimos Bhd, Malaysia's Business Times reported. The tabloid quoted sources familiar with the matter as saying that the two parties interested are Ramli Abbas,343 words
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191 2006-12-12 15 Bloomberg [JAKARTA] Commonwealth Bank of Australia, the nation's second-largest lender by assets, and Bank of India, the country's sixth-largest lender, have agreed to buy more than 50 per cent of two Indonesian lenders. Commonwealth Bank of Australia agreed to acquire a controllingBloomberg - 191 words
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Advertisement10 2006-12-12 15 Aztech www.aztech.com 4 .--Tr r IP Phone Aztech *****231 *****11010 words
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Advertisement492 2006-12-12 15 IHMm i BBfip JH mk*Lrr Enjoy trade-up offers and shopping rewards for your business Small workgroup mono laser printer Efficient workgroup mono laser printer Efficient workgroup mono laser printer High-speed workshop mono laser printer Speedy Print up to 24ppm in A 4 Speedy Print up to 28ppm in A 4492 words
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Advertisement102 2006-12-12 16 9 i 8k mm 9P H H H H |H H m. V. -V I I I I—% I l\^| |r 11 £to»'' 13B8BQB^SS9LdiCf^^ik.'i I lky| I mJ BW^SLjv Wj Mta p 3 JhQflfek, wr ••'"-^jiifiEk Kn 831 I 4 THE PACIFIC STAR GROUP CONGRATULATES DR. GEORGE QUEK, <itt f.102 words
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GREATER CHINA/INDIA
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365 2006-12-12 17 [HONG KONG] Darby Overseas Investment the private equity arm of Franklin Templeton Investment plans to raise US$3OO million for its mezzanine fund by April, South China Morning Post yesterday quoted Darby's managing director Simon Sham as saying. The Asian fund will invest365 words
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239 2006-12-12 17 Move tops sweetened bid from Tata Steel Bloomberg [LONDON] A bidding war for Anglo-Dutch steelmaker Corus Group continued yesterday with Cia Siderurgica Nacional of Brazil raising its offer to £4.9 billion (5514.75 billion), topping a sweetened bid from Tata Steel Ltd theBloomberg - 239 words
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341 2006-12-12 17 But analysts say the president shouldn't be complacent AFP [TAIPEI] The surprise triumph of Taiwan's ruling party in a tight mayoral race shows it has limited any damage from the highprofile corruption scandal implicating President Chen Shui-bian, analysts say. The result also sentAFP - 341 words
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Article, Illustration563 2006-12-12 17 Eight foreign banks seek better market access as WTO transition ends AFP AP Reuters [BEIJING] China will do more to shore up the competitiveness of its banks now that a five-year transitional period for the country to live up to its World Trade Organisation (WTO)AFP; AP; Reuters - 563 words
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Advertisement347 2006-12-12 17 Jkm eS C< f Sandal Osaka i Business Clciss SGD/Lfi Xj-a, DW Isetan Voucher Economy Class rrn Takashimaya jVJ U I 1 Voucher or Isetan Voucher .6=15 1 23:25 106:5 5+1 NHIII I |0:40 I 17:15 J1 H 01 I 17:25 100:05+1 Tokyo Singapore I I Tokyo Singmpore, I I347 words
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ASIA-PACIFIC/WORLD
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Article, Illustration518 2006-12-12 18 Pact to cut its 55% stake to a blocking stake reached last week: sources Reuters [MOSCOW] Royal Dutch Shell has offered to cede control of the US$22 billion Sakhalin-2 project, Russia's biggest single foreign investment, to state gas monopoly Gazprom after months ofReuters; REUTERS - 518 words
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396 2006-12-12 18 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo JAPAN'S Education Minister, Bunmei Ibuki, yesterday defended proposed educational reforms that would put more stress on teaching schoolchildren to speak better Japanese than good English, and which would also seek to inculcate patriotism through the educational system. The reforms396 words
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354 2006-12-12 18 Reuters [RIYADH] Oman has opted not to join a single Gulf Arab currency by 2010, plunging the project into crisis and casting doubt on whether any country in the world's top oil exporting region would meet the deadline. The other five GulfReuters - 354 words
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Advertisement299 2006-12-12 18 11l li 111 Hi i M/'./»»<" ill lllli ll li lllf < tt'lttll illlillllll it, lliiir'* in fin it hllh I'll of '■limit-Inn in mutt) <»<«# fut inn ih linn i ill h* flin nhi i nth liuffil trill thint I lI\I- fimil ih Mil m it nil mil\. nihil299 words
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Advertisement137 2006-12-12 18 v in i 1 > at 37fi# Qlfyrru/A Adu* CMW 24 Dec Christmos Eve Buffet Dinner* $55J00 $27.50 mL 25 Dec Christmas Day FamBy Brunch* $38.00 $19.00 aIHS Christmas Day Buffet Dinner $26.80 $U. 40 ■T 31 Dec NY's Eve Mega Buffet Dinner* $68.00 $34j00 New Year's Eve Countdown at137 words
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Advertisement22 2006-12-12 18 Tao's Restaurant Centre #81-19, Tel: 6339 8858 10% off total bill Only when you charge to your Diners Club Card. T&C Apply.22 words
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Advertisement96 2006-12-12 19 >» N T LEXUS CUP 2006 SINGAPORE JUST WHAT YOU'D EXPECT FROM LEXUS. BEAUTY, POWER AND ELEGANCE. LEXUS BRINGS YOU THE WORLD'S BEST LADY GOLFERS. I a iIEStL i J» -em <K |AL r jbh^», nu o jliSSr \m^J '^^p^Bp; HmHBBHBnnHBv fj jq i» r pfl fl ll "V BBKB96 words
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AVIATION
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Article, Illustration413 2006-12-12 20 Increasing tourists, airlines boost traffic growth to highest in 5 years Bloomberg [SINGAPORE] Passenger traffic at Singapore's Changi Airport, Asia's fifthbusiest, rose 7.8 per cent in the 10 months to October from a year earlier, helped by increased travel growth. The 10-month passenger trafficBloomberg; AFP - 413 words
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Article, Illustration660 2006-12-12 20 US airlines are lobbying hard for the lucrative route Bloomberg [WASHINGTON] Continental Airlines has handed out 5,000 fortune cookies to members of Congress, Transportation Department officials and other Washington decision makers. Among the messages inside: "Shanghai: The right route for the most people." American AirlinesBloomberg - 660 words
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320 2006-12-12 20 AFP (SYDNEY] Shares in Australian flag carrier Qantas jumped more than 4 per cent yesterday following a report a takeover consortium is finally ready to formally table a multi-billion dollar offer for the airline. The consortium, led by Australia's biggest investment bankAFP - 320 words
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LOG BOOK
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101 2006-12-12 20 AP [TOKYO] Japan and India are in final talks to revise their bilateral aviation pact for the first time in 13 years, with the number of flights between the two countries set to almost quadruple, a Japanese newspaper reported yesterday. Japan's Prime MinisterAP - 101 words
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64 2006-12-12 20 Bloomberg [ZURICH] Swiss International Air Lines Ltd will pay workers 2,000 Swiss francs (552,559) as a one-time "thank you" bonus after the carrier trimmed its fleet and cut jobs. "The restructuring of past years was a painful process and involved job reductions,"Bloomberg - 64 words
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99 2006-12-12 20 Reuters [HONG KONGI Hong Kong's main air cargo terminal said yesterday that it handled 8.2 per cent more cargo in November compared with the same period last year. Hong Kong Air Cargo Terminals Ltd (HACTL), which is 25 per cent-owned by Jardine MathesonReuters - 99 words
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86 2006-12-12 20 Bloomberg [LONDON] Airbus SAS' A3BO superjumbo airliner will be "a success story" after problems with its production and capacity are ironed out, CEO Louis Gallois said. "2006 has not been the best year for us," Mr Gallois said yesterday during a news conferenceBloomberg - 86 words
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Article2252 2006-12-12 20 WWH ITA HJ6WT IIP -j-j EK344 0020 EK344 0140 *3556 LH9771 1740 AF8088 2215 0250 SQ268 1740 BA7382 2215 EK352 2205 AF8087 1830 Of82 2215 £5 2335 BA7381 1830 LH9770 2350 645 S0492 2335 QW 1«30 SQ269 2350 W 2348 W 2335 tkmaMti 5O530 1930 SSS2,252 words
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Page 20 Miscellaneous
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Miscellaneous206 2006-12-12 20 CRYPTIC CROSSWORD DOWN 1 Adult bunch covers a couple of (7,5) YESTERDAY'S SOLUTION the main points (5-2) 10 Short day at one's workplace? Across: 1 Strong point, 9 Close 2 Thought one could see duck That's okay (12) ca ll iq Glebe, 11 Ablaze, 12 Spoton the wing here (7)206 words
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SHIPPING/AVIATION
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Article, Illustration505 2006-12-12 21 Talks on to get hub going by 2009; 500,000 passengers expected by 2011 [BANGALORE] The southeastern Indian port city of Pondicherry is in "serious talks" with several international cruise operators to help establish a cruise hub there. With Indians cruising on internationalBLOOMBERG - 505 words
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382 2006-12-12 21 AP [FORT LAUDERDALE, Florida] T wo separate Caribbean cruises ended their trips after 211 people came down with the same gastrointestinal illness. Royal Caribbean officials delayed the scheduled departure on Sunday of the Freedom of the Seas from the Port of Miami for additionalAP - 382 words
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Article, Illustration755 2006-12-12 21 SIDDHARTH SRIVASTAVA - US$50b worth of investment needed in next 10 years By SIDDHARTH SRIVASTAVA in New Delhi TWO recent developments related to India's airline sector indicate its high potential. Last week, Airbus, the European aircraft maker, said that it intends to invest US$l billion in IndiaAFP - 755 words
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Article, Illustration229 2006-12-12 21 Bloomberg [NEW DELHI] Jet Airways (India) Ltd, the nation's largest domestic airline, said it will start flights to the US and China next year as it seeks to increase revenue from its international business. The airline plans to start flightsBloomberg - 229 words
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238 2006-12-12 21 Reuters [BEIJING] Chinese ports are expected to be the busiest in the world for a fourth consecutive year as the country's trade booms, an industry newspaper reported. Throughput at ports across the country is expected to reach 5.6 billion tonnes inReuters - 238 words
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Article292 2006-12-12 21 SGX .'000 Doc 11 S$ Vol CH Offshore .0.43 0.01 1962 ChuanH(4> J031 unch 1814 Coko Corporation 2.19 0.01 4856 CWT Distribution .0.59 unch 0 Ezra Hkto .3.74 -0.02 25 Freight Links 0 07 -0.01 828 Grand Banks Yacht .0*7 unch 26 Jay a Holdings 1.47 0.01 703292 words
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Page 21 Advertisements
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Advertisement69 2006-12-12 21 MfffOMO 1 More rooms lor J creative I 2 advertising gradio9l fj AndTh^" 1 A new m And a host of exciting new a!l^ rammeS is K fl t0 maxirr >ise your 2 :tr sin9mi,^e^a advertrseiradioQi e mai D te// us your adv^ 13 com F fl and 'etusp^rr 969 words
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EDITORIAL & OPINION
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496 2006-12-12 22 EDITORIAL IT HAS been up and up for stocks in Singapore and the region this year, but it is precisely when markets are at their most euphoric that investors should be most on guard. On the surface, there appears to be much cause for496 words
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Article, Illustration953 2006-12-12 22 WILLIAM PESEK JR - The tall building craze is often also an early warning sign of financial turbulence WILLIAM PESEK JR Bloomberg Hundreds of thousands of Taiwanese have been taking to the streets of Taipei in recent months to oust their president, prompting observers to wonder what gives.Bloomberg; AP - 953 words
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Article, Illustration726 2006-12-12 22 SHADA ISLAM - THE BOTTOM LINE SHADA ISLAM Brussels Correspondent AS PART of their New Year's resolution, EU leaders should vow to stop spreading doom and gloom and make 2007 a year when Europeans finally shed their fears and start looking at the world726 words
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Article, Illustration2014 2006-12-12 23 LEON HADAR - Realism on Iraq too little, too late Although the Iraq Study Group rebukes the Bush administration's failed missions into the Middle East, implementing its recommendations may be a lost cause for a militarily and diplomatically weakened US LEON HADAR Washington Correspondent One of Aesop's fables recounts how once upon aAFP - 2,014 words
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Page 23 Advertisements
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Advertisement10 2006-12-12 23 1 -^b^B THE WORLD'S BIGGEST MEN'S MAGAZINE sPHmagazines 1 110 words
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Article9913 2006-12-12 24 SGX MAINBOARD Transaction date: Dec 11 52-Wk Tal Last Wot Day LastQuote Wv GrVM Net MCap High Loud Cod* Company Sale COOP) High Low Buyer Sjg Cvr P/t $m» 3.5 1 5716 1st Software 2.5 -0.5 520 3 2.5 2.5 3 101 113 6 3148 STetecom 9 -0.59,913 words
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Page 24 Advertisements
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Advertisement76 2006-12-12 24 Welcome to Our online CFD trading service gives you fast and reliable acces: to the world of financial market tradingMake Our City trade with the professionals CFDs carry a higher degree of risk compared to traditional equity 'trading. It is possible to quickly lose more than yotit initial deposit. s<76 words
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Article5739 2006-12-12 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to total am to 5$ to USS %&f *yr <ty *yr Ptg Indi Ch«oq« Chtnqt 0>»ng« Change Chmng» Chang* WwMlndwfttHminiiy ***** 0.1 118 OS 85 01 163 t lAFt Pr&mmaty 1074 5 -0.1 104 03 12.7 -0,1 21.4 Cm*MMa>n ***** Ot 133 065,739 words
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Page 26 Advertisements
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Advertisement1585 2006-12-12 26 UK CONTINENT SERVICE U.S.* SERVICE Destination Destination DD SUCCESS RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia E/w Ma aysia( Indonesia MIDDLE-EAST SERVICE F.EJS.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 DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER1,585 words
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Advertisement513 2006-12-12 26 V*V I WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com VESSEL VOY RAMP HBGHT SM LK MAO SAY »*1 Q«F TAMERLANE Af636 3201ns MM 11/12 10/01 19/01 23/01 27/01 2S/01 TAIKO AI7OI 4201w* 6.4 M 28/12 21/01 30/01 03/02 01/02 06/02 TALAIOT Af7o2 4001 ms 6.4 M 00/01 01/02 10/02 14/02 19/02 17/02513 words
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Page 27 Advertisements
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Advertisement735 2006-12-12 27 WAN HAI INTERNATIONAL PIE LID NO: **********0/R k" tifiii mi liiirr TEL: *****588 (MUNIS) FAX: *****163 \\Ml 1 WAN Hill LINES <***"" ServM/looki,, Drect Um (1800) *****200 Y »*HII lini Mllii# nait(o3)fax.-m*****2ll pbitil#h)22*s4oofail V JOHTB: (07)*****23 HI: (07)*****21 51* *L(031) *****75 FAI (031) *****14/*****05 WWW wonhai com sq KT TO:735 words
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Advertisement1153 2006-12-12 27 VESSEL VOY PKL 1 SIN I KARACHI DXB BAB PMM BIK KHOR IRAN TABATABAH PCI 8174 12/12 13/12 22/12 25/12 26/12 01/01 03/01 05/01 IRAN SATTARI PCL 5177 19/12 20/12 29/12 01/01 02/01 08/01 10/01 12/01 IRAN SHAHRYARI PCI 8176 23/12 24/12 02/01 05/01 06/01 12/01 14/01 16/01 VESSEL VOY1,153 words
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Advertisement689 2006-12-12 27 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vissa I vot I sw rmum cquwbo suva coiombo UHAHADUI OIIOW 12 DK 13 DK ItDK HDK 73 DK roitwnw th»w hdk wok 73 ok mok 300K HOWAHIt I OOSIW MOK 77IMY 30DK 02JAM I OtJA*689 words
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THE BUSINESS TIMES SHIPPING TIMES
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4222 2006-12-12 28 This ETA ETA Advarlfcar VmmI Voyaga Tatophom ETA ETA Advartisar Vassal Voyage Tajaphona El SIN Dart'n Nana Nam Number Number SIN Dest'n Nam* Nana Number Number si 23/12 07/01 Nortrans THOR MERCHANT 10/06 *****776/86 0 To ABU DHABI (AUH) 2004 U.A.Emirates 24/12 0SA1 IRISl4,222 words
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PROPERTY
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245 2006-12-12 29 Bloomberg [BASEL] China's housing mortgage market has become Asia's largest with a value of US$227 billion, according to the most recent quarterly Bank for International Settlements report. The market, which didn't exist until 1998, made up about 10 per cent of China's grossBloomberg - 245 words
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Article, Illustration306 2006-12-12 29 UMA SHANKARI - Asking price works out to record $1,500 psf per plot ratio By UMA SHANKARI ANDERSON 18, a prime freehold residential site in the Ardmore area, is up for collective sale to the tune of $470.8 million or a staggering $1,500 perFILE PHOTO - 306 words
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Article, Illustration608 2006-12-12 30 KALPANA RASHIWALA - Project likely to be priced at just under $1,700 psf on average By KALPANA RASHIWALA PROPERTY speculators are heading for their next gold mine at Marina Bay Residences, market watchers say. Previews begin today and although pricing has not been finalised, the net average price608 words
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279 2006-12-12 30 UMA SHANKARI - By UMA SHANKARI ASCENDAS, which describes itself as Asia's leading business space solutions provider, has invested in a new real estate fund with leading South Korean insurers, the company said recently. Ascendas holds a 30 per cent stake in the fund.279 words
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190 2006-12-12 30 Reuters [LONDON] The art-deco Shell-Mex building in London has been sold to Dubai government investment agency Istithmar for "almost £520 million" (Ssl.6 billion). Property Week magazine said on Friday. The deal would mark the latest British purchase by Dubai government-backed investment vehicles, which have alreadyReuters - 190 words
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Page 29 Advertisements
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Advertisement192 2006-12-12 29 Wt Z&P' Land area 21 > 242 sf: FH \o i GPR 2.8 /Up to 36-storeys -V® Saavww^ >>V 7 p™** Unobstructed Seaview *o J \3>\ Parkway Parade, Sff* 0 Chinese Swimming Club y r Closing on 5 Jan '07 (Fri), 2.30pm 3 adjoining plots potential SL fj Total land192 words
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Advertisement140 2006-12-12 29 PRIME SHOPHOUSE SERANGOON ROAD AUCTION 20/12/06 4 adjoining 2-storey refurbished shophouses Mh Total land area 4,834 sq ft, Freehold Used as retail shops eating house Mpfl Prominent main road frontage Within conservation area WaJk to Litde India MKT station Irene Song 9338 0284 PRIME DEVELOPMENT SITE KING'S ROAD AUCTION 20/12/06140 words
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Advertisement989 2006-12-12 29 [*AT3 0 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF STARLIGHT KTV LOUNGE PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) Co. Rag. No. *****7508 D Extract of the minutes at the Extraordinary General Meeting of membert of Starlight KTV Lounge Pto Ltd convened and989 words
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Advertisement1218 2006-12-12 29 0 SINCERE EST? 1954 SINCERE WATCH LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****0967 C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Sincere Watch Limited (the "Company") will be held at Suntec Singapore International Convention Exhibition Centre. 1 Raffles1,218 words
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Page 30 Advertisements
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Advertisement172 2006-12-12 30 Prime Location, Sterling Opportunity! For Sale by Tender RELC Bldg Anderson International Green'pi> Anderson 18 Secondary School I W X x\ w I 1 \N\ \J Shangn-Lc j yv The last large plot of prime land available !g j I f° r acc l u i s t; on n172 words
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