The Business Times, 13 December 2006
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2006-12-13
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The Business Times
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Title Section21 2006-12-13 1 THE BUSINESS TIMES mmth ANNIVERSARY JD SirjG^POf^rSScents online at http://business-timesasial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Wednesday, December 13,200621 words
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728 2006-12-13 1 VEN SREENIVASAN - By VEN SREENIVASAN to develop the relationship at a pace with which our partners here are comfortable. In short, we managed to 'modularise' the project, rather than offer an all-or-nothing proposition." Abu Dhabi Airports Co chairman Khalifa A 1 Mazrouei said his side was728 words
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757 2006-12-13 1 KALPANA RASHIWALA - Districts 1, 4, 9, 10 and 11 expected to make up 52% of total private homes that could be launched next year By KALPANA RASHIWALA [SINGAPORE] Slightly more than half of about 14,700 private homes that could be launched next year757 words
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Article136 2006-12-13 1 STI 2,893.81 (+6.58) ST INDEX FUTURES 2,890.00 (+6.00) SIMSCI 353.29 (+1.10) SIMSCI FUTURES 352.60 (-1.70) MARKETS Tuesday Change KLCOMP 1,088.42 -13.28 NIKKEI 225 16,637.79 +109.79 HANG SENG 18,907.17 -17.49 SET INDEX 738.25 -2.69 JAKARTA COMP 1,754.58 -5.10 MANILA COMP 2,840.82 -0.95 SEOUL COMP 1,376.98 -13.75 SHENZHEN B 395.94136 words
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Page 1 Advertisements
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Advertisement23 2006-12-13 1 EXEC MONEY How to boost retirement savings PAGE 31 MALAYSIAN Jj POLITICS DrMwasoutto topple me: Abdullah Mahathir to meet old adversary Soros: sources23 words
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Advertisement31 2006-12-13 1 US exchange launches £2.7b hostile bid for LSE PAGE 17 11l 8 *****1 *****4 US INTEREST RATES Go to http://business-times.asiaone.com.sg for the outcome of the latest Federal Open Market Committee meeting31 words
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Advertisement121 2006-12-13 1 MOTORING What matters in car fIR page 19 INVESTMENT BANKING Goldman tops rankings for bank M&A and equity fees PAGE 17 x lnvenit et Fecit invented and made The motto of a contemporary watchmaker building his own history. ■EBTI IK; Bu. X <f ii^jfmbbi^hß Hiigi 11® H X Q In121 words
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TOP STORIES
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Article, Illustration617 2006-12-13 2 S JAYASANKARAN - Sentosa award expected to encourage a focus on the future By S JAYASANKARAN in Kuala Lumpur MALAYSIAN gaming conglomerate Genting's $5.2 billion resort and casino project on Singapore's Sentosa island could lay the groundwork for greater economic cooperation between the twoAP - 617 words
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512 2006-12-13 2 SingTel, Temasek, ST Telemedia named in complaint Reuters [JAKARTA/SINGAPORE] Indonesia's anti-monopoly agency may investigate whether the country's top mobile phone operators used their dominant market position to fix prices and block rivals. A complaint received by the agency specifically targets Singapore investment companyReuters - 512 words
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Article566 2006-12-13 2 Stanchart launches instalment credit card A NEW type of credit card launched yesterday means users can spread the cost of purchases over two years or more. The Standard Chartered Platinum Access card automatically converts any retail purchase above $100 to a 24-month fixed instalment plan with an effective566 words
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481 2006-12-13 2 TEH HOOI LING - By TEH HOOI LING [SINGAPORE] Asia-Pacific financial markets will remain generally strong next year, but higher financing costs, increased corporate borrowing and a frenzy of mergers and acquistions (M&A) will fuel market volatility and add to the risks faced by investors, a leading481 words
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Article, Illustration358 2006-12-13 3 WEE LI-EN - Retail purchase above $100 automatically converted to 24-month fixed instalment plan Reports by WEE LI-EN [SINGAPORE] A new type of credit card launched yesterday means users can spread the cost of purchases over two years or more. The Standard Chartered PlatinumFILE PHOTO - 358 words
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201 2006-12-13 3 [SINGAPORE] Standard Chartered has seen a growth in its mortgage business of "20 to 30 per cent" in the past three to four months measured by value of the mortgages, head of consumer banking Ajay Kanwal said yesterday. "The majority of new loans come201 words
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Page 2 Advertisements
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Advertisement419 2006-12-13 2 WliS T4 m J iVj fSB > Structured Investment Products Complex financial "WMDs" made simple Dates To provide investors with innovative and hybrid "market plays" and fund 18-19 January 2007 raisers with creative, cost-efficient and driven modes of sourcing funds, 9.00 am to 5.00pm an endless menu of fanciful structured419 words
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Advertisement10 2006-12-13 2 Clients wanted. (Only excellent companies need apply) Asia-Pacific Fxecutive Search10 words
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Advertisement172 2006-12-13 3 fc?SMU SINGAPORE MANAGEMENT UNIVERSITY Master of Science Programmes in Economics Programme Features By Research FuMme/Parttime The P[°f ammes are designed to equip graduates with irvdepth knowledge in their selected discipline for a career in academic research or teaching or as a professional Finance practitioner. By Research Full-time/Part-time Ailj All the172 words
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Advertisement121 2006-12-13 3 THE HOURGLASS Contemporary Horological Art f|p DE BETHUNE ;«Sfr i TV 5 jAJ?Cf JM>!V v jfe j liHWf s> "Y T"~ BIG BANG H "'^'v X** v I s i 4 y s j ,HHUBLOT GENEVE THE HOUR GLASS SINGAPORE MA1AYSIA THAILAND TAKASHIMAVA SI 111 65-67.14 2420 kl'ALA lUMPUR RANoKi>k121 words
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COMPANY NEWS
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Article, Illustration504 2006-12-13 4 ARTHUR SIM - US$630m fund will be biggest syariahcompliant real estate fund in Asia By ARTHUR SIM CAPITALAND has announced a new fund to be set up in Bahrain which will be the largest syariah-com-pliant real estate fund in Asia, worth up to US$63O million504 words
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673 2006-12-13 4 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN ABOUT two weeks ago, Mobile One (Ml) launched Singapore's first high-speed wireless Internet access service with what looked Uke an aggressive strategy to win business clients. But things have quickly soured. Mi's islandwide673 words
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512 2006-12-13 4 UMA SHANKARI - IPO WATCH Aussie firm plans to list an industrial assets Reit on SGX By UMA SHANKARI UNITED Engineers yesterday said that it has sold its warehouse complex UE Tech Park to Australianlisted MacarthurCook Ltd for $115 million, which brings the value of Singaporean512 words
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429 2006-12-13 4 OH BOON PING - Babcock Brown fund offers 9% dividend yield By OH BOON PING BABCOCK Brown Structured Finance Fund, which has registered its prospectus, is offering a 9 per cent dividend yield next year, with potential for further upside. The fund yesterday announced an IPO of 323.46 million shares at a price of429 words
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Article, Illustration675 2006-12-13 6 WEE LI-EN - It launches first lifestyle store, plans to replicate concept in region By WEE LI-EN THE former Mayfran International has gone from ailing bedsheet maker to lifestyle company with new name, senior management and business units in just three months. Renamed the more hip Friven Co675 words
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Article, Illustration416 2006-12-13 6 JEAN CHUA - Believed to be the biggest tract won by S'pore developer By JEAN CHUA BROTHERS Holdings the former Koh Brothers has won rights to develop a massive five million sq ft piece of land in Shenyang, capital of the north-eastern416 words
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182 2006-12-13 6 VITA Holdings Limited yesterday said the company and its subsidiaries have filed a writ of summons against one of its ex-directors, Jiang Haiying, in the Singapore High Court. The claims include an inquiry into the damages and/or an account of profits for breach182 words
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Page 4 Advertisements
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Advertisement1306 2006-12-13 4 NOTICES BUY IT- SILL IT- FIND IT DAYEN ENVIRONMENTAL LIMITED (Incorporated in the Republic of Singapore) Registration No. *****2051 G NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Orchid Country Club, Sapphire Suite 3,1 Orchid Club Road, Singapore *****2 on Friday, 291,306 words
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Advertisement1263 2006-12-13 4 :*AT3 NOTICES BUV IT-SELL IT-UNO IT IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons Suit No. 2163 of 2006 A/) IN THE MATTER OF SECTION 210 OF THE COMPANIES ACT, CHAPTER 50 And IN THE MATTER OF QUAN GUAN PLASTIC INDUSTRIES PTE LTD (RC No. *****1614R) NOTICE1,263 words
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Page 5 Advertisements
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Advertisement653 2006-12-13 5 Enjoy attractive structured'f?nance fund irsr\ -V BABCOCK BROWN STRUCTURED FINANCE FUND LIMITED J f_| I I I J J (I ill (a mutual fund company incorporated with limited liability in Bermuda on 24 April 2006) diversified portfolio of structured finance assets! Offering 323,460,000 shares ("Offering (subject to the Over-allotment Option)653 words
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Page 6 Advertisements
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Advertisement2605 2006-12-13 6 RI Special Holdings Bermuda Limited Roly International Holdings Ltd. (Incorporated in Bermuda with limited liability) (Incorporated in Bermuda with limited liability) u (Company Registration No. EC/*****) JOINT ANNOUNCEMENT PROPOSED VOLUNTARY DELISTING OF ROLY INTERNATIONAL HOLDINGS LTD. It INSt'LOSI'RkS I The respective directors of RI Spec.al Holding Bern,*). Limited CM Sector2,605 words
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Page 7 Advertisements
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Advertisement94 2006-12-13 7 J" LEXUS CUP 2006 SINGAPORE JUST WHAT YOU'D EXPECT FROM LEXUS. BEAUTY, POWER AND ELEGANCE. LEXUS BRINGS YOU THE WORLD'S BEST LADY GOLFERS. A v< wKCfe mfw jfl PPH Ij^^Hußl^^^^HE 1 w ■MS?:^S w J|3hflHHBP I-, WBBfc iJhli V- SSF- Ik ti»* h >®MsBil' .^Hj is »lap 5 > M94 words
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SINGAPORE MARKETS
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Article, Illustration899 2006-12-13 8 LARRY WEE - CURRENCIES Yen weakness complicates picture, US$ bears look for better levels to sell LARRY WEE Senior Correspondent SELECTED Asian currencies have continued to impress, even though the US dollar has fought its way back from late last week on the basis of899 words
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Article, Illustration923 2006-12-13 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Dec 12 and earlier) Subsantial No of Price SHAREHOLDING Tram Shareholder/ BuyI Shares Per Before After Stock Date Director Sell 000 Shr 00°) 000 0 JOna W4n_Cotp 11-Dec-06 Chua Eng Enq Buy 650 0.11 ,***** 8.93 leeKimX«h 11-0ec-06 Lee Soon Teck923 words
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Article, Illustration744 2006-12-13 8 MATTHEW PHAN - Compiled by MATTHEW PHAN Tat Hong Holdings Dec 12 dose: $1.18 CITIGROUP RESEARCH. Dec 11 BENEFICIARY of IR: Our discussion with management suggests that Tat Hong should be a beneficiary of the recent second Integrated Resort win by Genting. This is in addition to the one already wonSource: Bloomberg - 744 words
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Article, Illustration529 2006-12-13 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent "BUY in anticipation, sell on news" is a frequently encountered theme in the local stock market and given that the results of the second integrated resort (IR) bid have just been announced, it's per- haps understandable that prices which529 words
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COMPANY NEWS
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423 2006-12-13 9 ROLAND LIM - Its October forecast of zero to US$10m profit is lowest in five quarters By ROLAND LIM CHARTERED Semiconductor Manufacturing yesterday reiterated its lower sales and profit forecast for the current fourth quarter. On Oct 20, Chartered said it expected net profit for423 words
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407 2006-12-13 9 CONRAD RAJ - By CONRAD RAJ ALTHOUGH corporate governance in Singapore is among the highest-rated in Asia and comparable to that in the US and Britain, the co-author of a new book on the subject is calling for greater disclosure on the remuneration of407 words
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COMPANY BRIEFS
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74 2006-12-13 9 OVERSEAS Union Enterprise last night announced a private placement of 20 million new shares at $10.50 apiece. The $204.3 million net proceeds will be used for, among other things, redeveloping Overseas Union House and sprucing up Mandarin Gallery into a luxury mall. The placement74 words
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Article48 2006-12-13 9 ROLY International substantial shareholder Wang Lu Yen is heading a group seeking to delist the company. Shareholders are offered 35 cents per share in cash. Roly posted a 66.3 per cent drop in net earnings for the quarter ended Oct 31, to US$2.14 million.48 words
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29 2006-12-13 9 MAPLETREE Logistics Trust has agreed to buy a distribution centre at 134 Joo Seng Road in Singapore for $10.7 million from Nobel Design Holdings.29 words
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20 2006-12-13 9 ORCHARD Parade Holdings said its unit OPH Shanghai Investments has been put into voluntary liquidation.20 words
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273 2006-12-13 9 UMA SHANKARI - By UMA SHANKARI TRADITIONAL Chinese medicine company Eu Yan Sang (EYS) International has signed an exclusive worldwide agreement to distribute Wisconsingrown American ginseng. The deal is expected to add more than $10 million to turnover in the first year, with potential for273 words
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Page 9 Advertisements
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Advertisement108 2006-12-13 9 .i JUST A SMILE AirPlus INTERNATIONAL JUST A CORPORATE CREDIT CARD AIRPLUS. WHAT TRAVEL PAYMENT IS ALL ABOUT. We have been specialising in glooal payment solutions, reporting and analysis of business travel for over 15 years. Furthermore, we have helped our 30.000 corporate clients save up to of their business108 words
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COMPANIES: CHINA STOCKS
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Article, Illustration593 2006-12-13 10 JEAN CHUA - Subsidiaries face 73m yuan claim as 'guarantors' for loans in bank's suit By JEAN CHUA CHINA Food Industries said it may challenge the validity of guarantees allegedly undertaken by its subsidiaries to a bank in China, failing which the units will haveFILE PHOTO - 593 words
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Article5423 2006-12-13 10 UNIT TRUSTS FUNDS AB Emg Mkts B USD 29.22)' 0 I I :<TV1 ABAmer Income AT SGD 13.471 0 ABAmer Income BT SGD 13.51/ D AtN Ainro Asset Mgt (S'porc) ABAmer Income AT USD.... 8.74' D Star EuopeEqtyl** '033/ ABAmer Income BTU5D 877' 0 Star Euope Bond 1J1* AB Amer5,423 words
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Page 10 Advertisements
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Advertisement128 2006-12-13 10 HI "I was naive enough to think H 9 one could win systematically. I Now, I'm older and wiser m I and I don't think it is possible. K I More than half the people K who try to outperform the H I index will fail." C72OW i H Stay128 words
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SINGAPORE NEWS
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467 2006-12-13 11 OH BOON PING - S'pore on track to reach its target of 1m medical visitors by 2012 By OH BOON PING A NEW medical travel association is to be set up to help the medical travel industry, the Singapore Tourism Board (STB) has announced. Some 374,000467 words
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476 2006-12-13 11 CHUANG PECK MING - By CHUANG PECK MING BUSINESSES will be able to get legally binding rulings from the taxman that will provide certainty and clarity on how their transactions are treated under the Goods and Services Tax thanks to public suggestions in the move to476 words
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Article, Illustration557 2006-12-13 11 CHEAH UI-HOON - Tie-ups with retailers let US chain widen network By CHEAH UI-HOON AMERICAN specialty retailer GAP is one of the latest converts to the franchise business model, having adopted it for their expansion into South-east Asia and the Middle Eastern markets just this year. "It's one557 words
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Article, Illustration287 2006-12-13 11 KALPANA RASHIWALA - By KALPANA RASHIWALA AT LEAST 130 units are said to have been sold on the first day of preview at Marina Bay Residences yesterday at prices ranging from $1,700 to $2,000-plus per square foot. Meanwhile, rival developer City Developments began drumming up287 words
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155 2006-12-13 11 AFP Reuters MALAYSIAN gaming firm Genting Bhd group, which is issuing 33 million new shares to help fund its planned Singapore casino, has fixed the share placement price at RM31.50 each. The group's Singapore-listed unit Genting International will also issue convertible bondsAFP; Reuters - 155 words
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SINGAPORE ROUNDUP
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Article107 2006-12-13 11 THE Singapore Heart Foundation said the health of many older Singaporeans is in danger because they do not know how to manage the risk of heart attacks and strokes. This comes after a survey, supported by a grant from drug company Pfizer Singapore and conducted107 words
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Article61 2006-12-13 11 TWO developments by Far East Organization struck gold at the Landscape Industry Association (Singapore) Awards of Excellence 2006. Orchard Scotts and Water Place were the overall winners in the categories of Implementation Projects (Residential) and Maintenance Projects (Residential) respectively. Gardenvista, another development by the61 words
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Page 11 Advertisements
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ECONOMY WATCH
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411 2006-12-13 12 AP [NEW YORK] Wealthy Americans are divided on the outlook for the US economy next year, but they are more optimistic than pessimistic about prospects for the stock market, according to a survey released on Monday. The study of individuals with at least US$5OO,OOO inAP - 411 words
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Article, Illustration515 2006-12-13 12 Report to Congress cites piracy; limits on farm goods, foreign banks NYT [BEIJING] In a rebuke of China on the eve of a high-level visit by American officials, the Bush administration on Monday formally accused Chinese leaders of failing to meet commitments toNYT; AFP - 515 words
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357 2006-12-13 12 Bloomberg [WASHINGTON] Former Federal Reserve chairman Alan Greenspan said the US dollar will probably keep falling because it's unlikely that international fund managers will continue to increase their allocations to the US currency. Russia and other oilproducing currencies are shifting their assetsBloomberg - 357 words
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Article2270 2006-12-13 12 ¥01 Gamuda 336 -0.22 3526 Dec 12 KM fOOO) General Corp 0.65 unch 187 Genting 3250 0.50 1650 At M Realty 136 -0.01 11 George Kent 359 -0.01 50 Abnc..._ 0.32 -0.01 S GHLSysterm 034 -0.02 ***** ACP Industries 120 -0.03 496 Globetrorecs Tedl .030 -0.01 5384 Advance2,270 words
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Page 12 Advertisements
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Advertisement67 2006-12-13 12 ,WE ARE SERIOUS ABOUT SLEEP i z FANTASY WATERBEDS PTE LTD CANT SLEEP visit THE NEW FANTASY SLEEP CENTRE Feather Down Pillows #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Daily: 12pm to 9pm Tel: 6469-1381 6396-6701 Fax: 6755-4624 Email: waterbed@singnet.com.sg I I I Hkjy I I I homegrown67 words
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MALAYSIA
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Article, Illustration612 2006-12-13 13 PM's allowance of democratic space, free speech gave leeway for criticism AP Bloomberg [BANGKOK] Malaysia's prime minister says accusations of nepotism by his predecessor, Mahathir Mohamad, are aimed at toppling him, and he suggested he is paying the price for allowingAP; Bloomberg; AP/BLOOMBERG - 612 words
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332 2006-12-13 13 AFP [KUALA LUMPUR] Malaysia's former prime minister Mahathir Mohamad is to meet his old foe US billionaire philanthropist George Soros, who will visit the country this week, officials and a report said. Dr Mahathir and Mr Soros were once locked in aAFP - 332 words
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503 2006-12-13 13 [KUALA LUMPUR] The current stock market rally is largely fuelled by foreign funds that are building a bigger exposure to the Malaysian market. The StarBiz quoted Bursa Malaysia Bhd chief executive Yusli Mohamed Yusoff as saying. He noted that the stock503 words
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Page 13 Advertisements
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Advertisement136 2006-12-13 13 Vorsprung dure ti Technik GOOD I IBBj t ,j The new Audi TT Coupe. Pure energy. A new ciawn of power has arrived. Eight years after the introduction of the iconic original, the now Audi TT Coupe is as uncompromising a sports car as ever charged with refined energy in136 words
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GREATER CHINA
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Article, Illustration361 2006-12-13 14 Speculation over stake sale after ex vice-chairman's arrest warrant Reuters [TAIPEI] Chinatrust Financial, Taiwan's top credit card issuer, yesterday denied a media report that it was in talks to be acquired by private equity funds. The Economic Daily has reported that several private equity investors, in-Reuters; BLOOMBERG - 361 words
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319 2006-12-13 14 Reuters [SHANGHAI] China's top securities regulator told the country's fund managers to improve risk controls and stay "cool-headed" as millions of investors rush into the market, the Shanghai Securities News reported yesterday. A series of governmental measures, including longawaited reforms that remove aReuters - 319 words
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Article, Illustration703 2006-12-13 14 Bloomberg [HONG KONG] Winnie Ho, sister of Macau gaming billionaire Stanley Ho, said she offered to buy out his stake in the company that controls 16 of Macau's 23 casinos to settle a legal dispute that has stalled a US$l.9 billion public shareBloomberg; BLOOMBERG - 703 words
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317 2006-12-13 14 Corn and grain crops needed to feed population of 1.3b AFP [BEIJING] China cannot afford to embark on industrial production of grain-derived biofuels because supplies of corn and other crops are needed to feed the country's 1.3 billion people, state media said yesterday. "It wouldAFP - 317 words
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336 2006-12-13 14 [HONG KONG] Brokerages are less willing to make margin loans to retail investors to subscribe to lesser-known initial public offerings (IPOs) as their funds are tight after a number of larger share sales locked up most of the liquidity, according to a336 words
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Page 14 Advertisements
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Advertisement218 2006-12-13 14 Choose one item from our selection# of local favourites and get one choice coffee/tea/eon-drlnKs j^HKfe Diners Club Card To apply, call 6416 09 SO I A World of Exclusive Privileges Treats Diners Club www.clmers.com.sg International' L FESTIVE REVELRY AT MARINA MANDARIN (18 DEC 2006 7 JAN 2007) 111 U| From218 words
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Advertisement35 2006-12-13 14 To Celebrate With A corporate gift, a company dinner or drinking, Le Vigne offers a large SRHHI selection of wines for each occasion. < 11^ 'tiß by c £>ef V'ujne' 40 Holland Grove Rd. Tel: *****05335 words
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INDIA
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519 2006-12-13 15 Double whammy for market after RBI move last Friday to tighten money Bloomberg Reuters [NEW DELHI] India's Sensitive Index (Sensex) tumbled almost 3 per cent, the biggest fluctuation among equity markets included in global benchmarks, after the nation's industrial production growth inBloomberg; Reuters - 519 words
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410 2006-12-13 15 Economic Times [MUMßAl] The Bangalorebased processed food manufacturing'company MTR, which has been on the block for some time, is nearing a deal with United States spice maker McCormick. The deal may be struck in the next two weeks for 3.5-4 billionEconomic Times - 410 words
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192 2006-12-13 15 Economic Times [NEW DELHI] India's third-largest software exporter, Wipro, said it will figure in the league of top 10 IT services firms globally in terms of revenue in the next two to three years. "Indian IT services firms like Wipro are currentlyEconomic Times - 192 words
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Article, Illustration267 2006-12-13 15 Reuters [MOSCOW] Russia's top oil producer L&koil said yesterday that Mittal Investments had bought half of its Caspian Investment Resources subsidiary, paying US$9BO million and assuming around US$l6O million in debt. "After the completion of the deal, which is expected in early 2007,Reuters; AP - 267 words
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Page 15 Advertisements
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Advertisement186 2006-12-13 15 They help keep my service levels high. ll I I 44 Hiring older workers in tho call centre is a right move. With their -JP* mrm patience and maturity, they are better Wf M able to engage customers. Results? Bp The customer satisfaction level j I l A I A186 words
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MIDDLE EAST
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Article, Illustration447 2006-12-13 16 Fivefold increase likely as Arabs look at options to invest bumper oil revenue Reuters [DUBAI] Middle East institutional investment in hedge funds could surge almost fivefold to US$l4O billion by 2010 as Arabs look for alternatives to invest bumper oil revenue,Reuters; BLOOMBERG - 447 words
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460 2006-12-13 16 CLARENCE MICHAEL - Nakheel's sukuk oversubscribed 2.5 times By CLARENCE MICHAEL in Dubai INVESTORS here are clamouring for sukuk Islamic bond issues, as the latest hugely oversubscribed issue demonstrates. The Nakheel Group of Dubai, which is developing three projects off Dubai's shores The Palm Jumeirah,460 words
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366 2006-12-13 16 HABIB SHAIKH - By HABIB SHAIKH in Jeddah SAUDI Arabia plans a US$B billion expansion of its airports in Jeddah, Madinah and Tabuk as the Kingdom is gradually opening up its skies to private airlines. Besides meeting the requirements of the new private airlines, the366 words
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Page 16 Advertisements
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Advertisement59 2006-12-13 16 J3L I MIMIIMIIIIIMimi—■ TO j"Wm"' <'•'* r" i. "-5 i -A• I 1 m—l«»aWraaE^;L^>::M?« j^SB jr SSsk r -f JuL ~>; l Jl\ KBk J MM £n&- L z *mi /S /j§^4-'* dh^a^ jWnjH W x EST? 1954 SINCERE fine watches NGEE ANN CITY TEL (65) 6733 0618 LUCKY PLAZA59 words
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Advertisement63 2006-12-13 16 na (ts d«P° V neV4 BHH 1 'i&&"~" 7 in «<J 2 116 2005 ji i i> li^A^^^^BWWwkwjMMißMii^^^BßwCTi\aillMiliii^^BPTOißitiiiliaiyillßl^^^^^^^Bß!Hi Reproduction ofSPH material without licence or permit amounts to an infringement ofSPH's copyright under the law. SPH reserves the right to seek full recourse in respect of such an infringement. "SPH material"63 words
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ASIA-PACIFIC/WORLD
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Article, Illustration446 2006-12-13 17 It needs over a fifth of shareholders to accept for it to take control Reuters [LONDON] Nasdaq launched its £2.7 billion (SsB.2 billion) hostile bid for the London Stock Exchange (LSE) yesterday and will need just over a fifth of LSE shareholders toReuters; AP - 446 words
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263 2006-12-13 17 LATEST US DATA AP [WASHINGTON] America's trade deficit posted a dramatic decline in October, falling to the lowest level in 14 months as the price of crude oil plunged by a record amount. But America's deficit with China hit an all-timeAP - 263 words
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597 2006-12-13 17 MATTHEW PHAN - Advanced Semicon and Shin Corp deals were two big ones By MATTHEW PHAN [SINGAPORE] Goldman Sachs has pulled ahead of the corporate finance pack to emerge as the leading bookrunner in Asia so far this year, in terms of fees in597 words
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Page 17 Advertisements
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Advertisement213 2006-12-13 17 i ■Hii MHHHHHHHI r t* maM ll^^hhH' gp *111 j P SBHHHHHHnHH -MPHHPHMRRi Host of the Singapore Masters Award winning golf courses and venue of world-class events ..v. j. mm Play golf on the very same course that world renowned golfers like Ernie Els, Nick Faldo, Colin Montgomery and Laura213 words
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WORLD
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Article, Illustration536 2006-12-13 18 'Phase-change' memory is 500 to 1,000 times faster than flash memory AFP {SAN FRANCISCO] A team of scientists announced a breakthrough in computer memory technology on Monday that heralded more sophisticated and reliable MP3 players, digital cameras and other devices. Scientists from IBM, MacronixAFP; AP - 536 words
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523 2006-12-13 18 Personal info of UCLA students, faculty, staff members exposed LAT-WP [LOS ANGELES] In what appears to be one of the largest computer security breaches ever at an American university, hackers have gained access to a database containing personal information on about 800,000 current andLAT-WP - 523 words
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366 2006-12-13 18 Bloomberg [NEW YORK! Citigroup Inc chief executive officer Charles Prince promoted Robert Druskin to chief operating officer and gave him responsibility to cut costs at the world's largest financialservices company. Mr Druskin's job will be to "make sure we have the most efficientBloomberg - 366 words
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Page 18 Advertisements
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Advertisement1027 2006-12-13 18 :*at3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT-FIND IT In the matter of The Companies Act, Cap. 50 And In the Matter of MACRO MACHINERY INTERNATIONAL PTE LTD (Company No. *****5198R) STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES I, NG1,027 words
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Advertisement393 2006-12-13 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF U-PLAS TECHNOLOGY PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Company Registration No: *****2869E At an Extraordinary General Meeting of the Members of U-PLAS TECHNOLOGY PTE LTD duly convened and held at 28 Kallang Place #01-07/08/09, Singapore *****8393 words
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Advertisement61 2006-12-13 18 ••OfOOOM I Ask about our I fabulous I 1 advertising I S rates" I f 555S=S«r I m advertising mileage with K wide g" 9 |g f i9oo or email E f# frti S e@radio9l3.com, m f elective 9 let us provide the creative fgy solutions. Radio 91.3 is managed61 words
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Advertisement53 2006-12-13 18 ••••••••••••••Mi •jyyyL* i g J i ••••4MiaBH v 00 y °ugett^v s c desire ling®" rience or gifts? romantic dining exp Advertise them on Q^i the brand new radlOCJ I V# •<L iQ 1900 or emaTT frtis«@radio9l3-com, HI j >' Radio 91.3 is managed by SPH Unionworks, a subsidiary of53 words
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MOTORING
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Article, Illustration582 2006-12-13 19 SAMUEL EE - It will continue to make similar investments for two more years By SAMUEL EE CYCLE Carriage (C&C) is setting aside $1 million to market its newly acquired Citroen brand for the first year in what the group says is an important first step582 words
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Article, Illustration728 2006-12-13 19 GEOFFREY EU - By GEOFFREY EU WHEN it comes to cars that have been developed under his watch, BMW Group design chief Chris Bangle has received his fair share of kudos and controversy. But it's definitely not every day that one of his carFILE PHOTO - 728 words
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Page 19 Advertisements
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Advertisement200 2006-12-13 19 |SdJ every child can I I EXCELLENCE 11 F Hml I GIVE SYAHID THE Jf Hn I LIFT HE NEEDS. H *AH_Jb3 Last year, close to 8,000 students benefited from The Straits Times School UKBki-'''' Pocket Money Fund. The fund provides pocket money for children from JKh£. |r low-income families200 words
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EDITORIAL & OPINION
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Article505 2006-12-13 20 EDITORIAL IT looks like the season of plenty for Singapore's smalland medium-sized enterprises (SMEs) is fast approaching. After winning the Sentosa integrated resort (IR) project, Malaysia's Genting group this week promised to set aside up to $200 million worth of deals every year for Singapore's505 words
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Article, Illustration768 2006-12-13 20 FRANK CHING - THE BOTTOM LINE FRANK CHING FOR the first time since the Dalai Lama's representatives and those of the Chinese government started talks in 2002, the Tibetan leader's chief envoy has provided an in-depth account of the hitherto secret discussions in a talk768 words
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Article, Illustration1234 2006-12-13 20 TIGER TONG - With one of the richest talent pools in the China hinterland, Chengdu is now a favoured foreign investment destinations in China's interior By TIGER TONG W China now argue that its a question of when, and not if, over the US to become theAFP - 1,234 words
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Article, Illustration1563 2006-12-13 21 JOSHUA KURLANTZICK - A common culture also may allow Asians to put past conflicts behind them By JOSHUA KURLANTZICK WHEN it began in 1998, the Bangkok FUm Festival seemed about as exciting as a college flick fest. At a theatre atop a Bangkok mall, small groups of localMEDIA ASIA FILMS - 1,563 words
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506 2006-12-13 21 LETTERS TO THE EDITOR WE refer to the article "Intimate surgery for missing pleasure" (BT, Nov 11-12). The article stated that Dr Martin Huang will be the first plastic surgeon in Singapore certified to offer the two trademarked procedures Designer Laser Vaginaplasty (DLV) and506 words
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560 2006-12-13 21 Leong Sze Hian Singapore - Leong Sze Hian Singapore I REFER to the article "Foreigners to pay more for healthcare costs from Oct" (BT. Dec 11). Increasing medical costs for foreign workers, may lead to employers reducing the take-home pay, particularly for lower-skilled workers. In the past,560 words
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Page 21 Advertisements
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Advertisement103 2006-12-13 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.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 libel103 words
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AVIATION
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Article, Illustration610 2006-12-13 22 China to deploy devices costing US$200,000 each in its 147 airports Reuters AP [BEIJING] China will introduce special machines at its 147 civil airports to spot liquid explosives, a senior Chinese official said yesterday, vowing to protect travellers during the 2008 Olympics fromReuters; AP - 610 words
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307 2006-12-13 22 Reuters [LONDON] Britain's consumer affairs watchdog urged competition authorities to explore a break-up of BAA's UK airports yesterday, saying the current ownership system had resulted in poor quality and high charges. The ruling could pave the way for a break-up of BAA's threeReuters - 307 words
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252 2006-12-13 22 Reuters [GENEVA] Global airlines are expected to make a profit of US$2.5 billion in 2007, up from the previously forecast US$l.9 billion profit, despite high fuel prices, the International Air Transport Association (lata) said yesterday. The loss for 2006 was seen atReuters - 252 words
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Article, Illustration384 2006-12-13 22 GEORGE JOSEPH - It says S'pore will be its Asia regional headquarters By GEORGE JOSEPH [SINGAPORE] TNT Logistics, the world's largest dedicated contract logistics company, was reborn yesterday as CEVA Logistics, and announced that Singapore will be its Asia regional headquarters. The rebranded company's regional data384 words
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135 2006-12-13 22 AFP [PARIS] The financially troubled Italian airline Alitalia could end its commercial ties to Air France and the Sky Team alliance, Italian Transport Minister Alessandro Bianchi said in an interview published on Monday. He told La Tribune that a 200-million-euro (*****.8million) penalty forAFP - 135 words
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Article2164 2006-12-13 22 FUW<T OF3954 1620 OF3955 2310 —1300 D*»wMi SQHI IUS soi42 0935 1M0771 1740 LH9770 2350 ***** 1535 SQ146 1640 Ad- W £2 g|S GA840 1630 GA841 1750 2350 SQ1«7 2235 ?Q1<8 1900 O 1 11 1 ,g%! KL838 2315 Dhaka SQ435 0410 5Q436 1850 t— 12,164 words
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Page 22 Miscellaneous
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Miscellaneous215 2006-12-13 22 CRYPTIC CROSSWORD DOWN 2 Following the cross in ten up (4) 15 These stones are spun a ng^t YESTERDAY'S SOLUTION 3 Eat in, fetch me some or eat out (5) Across: 1 Group therapy, 8 Oxoni(4) 16 Warms up for preliminary races arij 9 Unbo |ts, 11 Cantina, 12 Ex--4215 words
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SHIPPING
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Article, Illustration779 2006-12-13 23 DONALD URQUHART - The office will look into new freight market indices for regional routes By DONALD URQUHART [SINGAPORE] For the first time in its 260-year history, the Baltic Exchange has opened its first office outside London, making Singapore its new Asia-Pacific base as it seeks779 words
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767 2006-12-13 23 DAVID HUGHES - STRAIT TALK By DAVID HUGHES THERE was a time, not so long ago, when the priorities were clear when a ship was in trouble; save the crew and then, if possible, the ship. Nowadays the top priority is still the same, or767 words
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Article, Illustration753 2006-12-13 23 DONALD URQUHART - PSA consortium's bid for Pakistani port is the highest By DONALD URQUHART [SINGAPORE] PSA International is hot on the heels of several port investments with one almost in the bag and a big one in China being keenly pursued with global heavies likeREUTERS - 753 words
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Article556 2006-12-13 23 NYT [LONDON] Dubai's giant port company, DP World, sold off its US holdings on Monday to the American International Group (AIG), bringing to an end a contentious deal that left a bitter taste for Middle East investors. Under pressure from politicians, DP WorldNYT - 556 words
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Article282 2006-12-13 23 SGX '000 Dec 12 SS Vol CH Offshore .0.43 unch 1902 Chuan Hup.... -.0.31 unch 1159 Cosco Corporation .2.13 -0.06 7679 CWT Distribution .0.60 0.01 58 EzraHldgs —3.72 -0.02 148 Freight Links 0.07 unch 735 Grand Banks Yacht 0.87 unch 40 Jaya Holdings 1.47 unch 2505 K1 Venture282 words
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Page 23 Advertisements
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Advertisement18 2006-12-13 23 10 Anson Road #25-02, International Plaza, Singapore *****3 Tel: +65 6225 0555, Fax: +65 6225 0550, Email: info@kiribaship.com18 words
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Article9477 2006-12-13 24 SGX MAINBOARD 52-Wit Td Last Vol Day Last Quota Mv GrYW Not MCap High Low Cod* Company 5ata ♦I- fOOO) Mgh low »uy«r Sa«af CV Wi Swill 35 1 5716 1st Software 3 +0.5 100 3 3 2.5 3 12.1 115 6 3148 STelecom 9.5 +0.5 201 9.59,477 words
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Page 24 Advertisements
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Advertisement39 2006-12-13 24 Trade from 20% deposit (5 x leverage) on most stocks i Go long or short Competitive financing rates in all markets Access to Asian, US, Euro stocks iun ii Select Exchange Traded Funds and Indioes /J Competitive Commission charges39 words
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Article5569 2006-12-13 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to loot act in Si m US5 %&t %yt dy yr dy %yr Ox 11 I rate* Oiigt Chang* Ounqe Change Owy Work) tnda FMimmary 1087J 04 121 0.1 M 00 '6.9 I EAR Pie#mtn»y 1080.9 0.6 11.1 02 12 5 03 21.15,569 words
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Page 26 Advertisements
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Advertisement992 2006-12-13 26 UK CONTINENT SERVICE U.B.A SERVICE Destination Destination DD SUCCESS RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOL/SAV loodi Singapore, E./W. Malaysia. Indonesia load. EVW. 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. Malaysia, Indonesia OTHER992 words
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Advertisement741 2006-12-13 26 |»1 DONCNAMA LINE CONTAINERISED SERVICE I VESSEL (EVERY SUN) VOY fsGP HKG KOTAHAMAH H1A249 17/12 21/12 KOTAHARMUM HN1313 24/12 20/12 VESSEL (EVERY SUN) VOY SGP HKG (HI) TKY YOK KOOE MOL LIBERTY ***** 1 7/12 21/12 25/12 20/12 20/12 MOLFORTUNE ***** 24/12 20/12 01/01 02/01 04/01 VESSEL (EVERY FRI) VOY741 words
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Advertisement707 2006-12-13 26 IINTIRAHA ROUP SERVICE VBsa/vor MjggQ hbghtw kg «h m sm I jkt STVAfTS EXfUESS f 30 4 15/17 14/12 ORCHID EXPRESS 12 50 4.5 23/12 24/12 OKCHIO EXPKESS 83 SO 1 4.5 28/12 30/12 AUSTRALIAN RORO SERVICE 1 vßsa/vor I mroa)! wghiuw! ia [sw wb stp m m m it707 words
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Advertisement1583 2006-12-13 27 WAN HAI INTERNATIONAL PIE LTD atNfeiwsttOOOO/R TIL *****588 {14 LINK) FAX: *****163 W\WAN HAI LINES V*"- JOH IB: (07) 2SIWZ3 HUb (07)2511*11 SUB TH; (031) *****75 FAX: (031) *****14/*****05 wnnhni om cn *TIH:(O2I)S2S4II»FAX|O2I>S2M7UH*III:7I43B>/7H3»1 1*1:*****1 WWW.WIWII.WB.iI ■.M:(0tl)41S7l«iH«:(0tl)415»925/4M79W mi a it wi »H WC hwtius TTOTOK kwj ngo m_ WAN HAI 2331,583 words
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Advertisement1230 2006-12-13 27 |ijR EASTERN CAR LINER, LTD .1 SPECIALIZE IN ROttO HEAVY LIFT UPTO 4SO TONS MTRA-ASIA SOVKJ VOY R«* Ufttaj SIR Tff PKIOI) PKUW) PWW JKT SW LO W»l »TU KUCHIRO MERUONACE 32 30~ 13/12' 14/12 17/12 W/!L N676M1 ~n ST IFTT HI7TT tSik 7C 45 21/12 22/12 25/12 28/12 OCEAN1,230 words
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Advertisement780 2006-12-13 27 ID WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vtssa I VOT I SW tJOAWG COtOIMO H SHVA COUMMO LAIIAHAMJI 01IQW 17 OK 13 PK UDK 19 PK 23 DK HQTAFBTAMA mxm UDK 20 D€C 73 DK 7t DK 30 DK HOWWW OOSIW gt PK780 words
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THE BUSINESS TIMES SHIPPING TIMES
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6791 2006-12-13 28 This ETA ETA Advrt»«r Vessri Voyaje Tataphon. ETA HA A*mte» £®H Vow Tjtajfcon. I SIN Dest'n Name Name Nu"*«r Number SW D«rn Name Nam* numoer 01/01 04/01 Sinokor MERKUR SEA 002N *****516 To ABIDJAN (ABJ) 2003 Cote D'lvoire 03/01 07/01 pacc Cont pac Palawan6,791 words
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Advertisement557 2006-12-13 28 VESSEL VOY PKL 1 SIN KARACHI I DXB 1 BAB 1 DMM BIK KHOR "I RAN TABATABAEI PCI 8174 12/12 13/12 22/12 25/12 26/12 01/01 03/01 05/01 IRAN SATTARI PCL 8177 19/12 20/12 29/12 01/01 02/01 08/01 10/01 12/01 RAN SHAHRYARI PCL 8176 23/12 24/12 02/01 05/01 06/01 12/01 14/01557 words
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Advertisement400 2006-12-13 28 lljftl j*Jli Sffa W| M/1I «/H —Sill ass lJl=: Rt&SSt ipw »/u I _igii__| mini &I TmrTSiT -a- -pg? ffr; g/» -jgn— f^^=ii==g=^^ vtssa wTTmi mt sm I Iff/,, Iffi?? 1 jftWl swai mmtah m oyii 11/11 u/n 3? Ml M! Bfll rii/To IPO CHU fig 11/12 is/12 j{L Ijfll400 words
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Advertisement287 2006-12-13 28 CONVENTIONAL SERVIQ ETA SIN LOADING FOR 10 DEC MALE, COLOMBO 10 DEC CHENNAI 11 DEC BOMBAY 16 DEC DUBAI, DAMMAM, KUWAIT 24 DEC SHARJAH, DAMMAM, DOHA, KUWAIT riii. GLORY NAVMATMMI GROUpI Ic sina i»7i OWNS A OPERATES THE YOUNGEST FUET WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE287 words
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EXECUTIVE MONEY
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Article, Illustration1243 2006-12-13 30 CLEMEN CHIANG - MONEY MATTERS CLEMEN CHIANG OVER the last decade, you would probably have heard of the investment approaches of well-known and successful investment professionals. These approaches run the gamut from those that are primarily valuebased to those that focus on growth; from those that1,243 words
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569 2006-12-13 30 Buyouts, buybacks, payouts turn out to be bad for bondholders Bloomberg [CHICAGO] Investment-grade corporate bonds are the "riskiest segment" of the fixed-income market because of the threat of more leveraged buyouts and pressure by shareholders to boost stock returns, according to MFS InvestmentBloomberg - 569 words
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Article, Illustration3486 2006-12-13 31 WHAT ails retirement savings in Singapore? An ageing demographic, smaller contributions into CPF, and high investment costs do not bode well. In this roundtable conference, four experts share their views on what can be done. Genevieve Cua: We're here to talk about retirement savings orPHOTOS BY YEN MENG JIIN - 3,486 words
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Advertisement231 2006-12-13 30 t FTiB I I pj l| v-. ><* *wi j^^§f^i^^^S?^^^ffi^ii^^BffffPWWWffHlßWßnmnPß^Hß^H Opening hours: 10am to 6pm (Closed on Mondays except school and public holidays) j^T^i 15 Science Centre Road Singapore *****1 IMkU* Tel: (65) 6425-2500 Fax: (65) 6565-9533 SINGAPORE Email: marketing@science.edu .sg SCIENCE CENTRE Free parking. 10 minutes walk from Jurong231 words
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Page 31 Advertisements
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Advertisement9 2006-12-13 31 MONEY MATTERS S is for stock-picking, theS-Curveway PG3O 319 words
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Advertisement89 2006-12-13 32 > ;ki§.i ®wsi& i^Hi9Bß^9HK«H3&Hßi^Rfl^Hl^^^^^M^^^^^^^^^^H^Hfl^PfjV' f^T' Developer CDL Land Pte Ltd (Co. Regn. No. *****1107 D) Tenure of Land 99 y*° rs wirtl from 14 ctob#f 2005 Lo No- 78A and 286TTS 30 COt (\fr\ f TV |> c%/c I />nii f; fcJTC II mi ITU n a* Shenton Way Developer89 words
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