The Business Times, 14 December 2006

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Microfilm: NL27116
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    24 1 THE BUSINESS TIMES mmth ANNIVERSARY Jb SINGAPORE cents online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Thursday, December 14,2006
    24 words
  • Article
    Lock icon Thai court rules against Temasek's iTV
    890 1 Penalties for licensing breaches may go as high as $4b, but government has yet to decide on final amount By OUR CORRESPONDENT in Bangkok A THAI television station that Temasek Holdings acquired control of as part of its Shin Corp takeover could face penalties
    890 words
  • Article
    Lock icon DBS, UOB, OCBC ramping up retail banking in China
    713 1  -  Move follows full opening of sector to foreign players By SIOW LI SEN [SINGAPORE] Singapore banks are taking every route possible to get a slice of China's retail banking market which was opened to foreigners this week and not a moment
    713 words
  • Article
    Lock icon MARKETS DIGEST
    134 1 STI 2.884.15 (-9.66) ST INDEX FUTURES 2,880.00 (-10.00) siMsa 350.76(2.53) SIMSQ FUTURES 351.20 (-1.40) MARKETS Wednesday Change KICOMP 1,079.60 -8.82 NIKKEI 225 16,692.93 +55.15 HANG SENG 18,718.19 -188.98 SET INDEX 734.98 -3.27 JAKARTA COMP 1,753.80 -0.78 MANILA COMP 2,835.86 -4.96 SEOUL COMP 1,383.28 +6.30 SHENZHEN B 392.22 -3.72
    134 words
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  • TOP STORIES
    • Article
      Lock icon Developing world to drive global growth
      564 2  -  Rising middle class, inequality, unstable fundamentals mark next stage: report By ANNA TEO [SINGAPORE] Developing countries which today are growing more than twice as fast as high-in-come economies will be the main drivers of the world economy in the next 25 years, with many
      564 words
    • Article, Illustration
      Lock icon Qantas on verge of being sold to consortium: report
      527 2 Board likely to approve deal today, says newspaper AP [SYDNEY] Australia's flagship carrier Qantas Airways was reportedly on the brink of being sold last night to a consortium of Australian and US interests, despite the airline's rejection earlier yesterday of the
      AP; AFP  -  527 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      567 2 Demand for 7,500-15,000 additional homes a year? THERE could be additional demand for 7,500 to 15,000 homes a year —most of them private if the population of Singapore increases by one million over the next 10 years, according to figures worked out by a veteran property consultant. The
      567 words
    • Article
      Lock icon Corrections
      130 2 IN the report "Genting'y IR win to bilatei&L ties" (BT, Dec 13), we said that a high-power team from Singapore, including chief executives of govern-ment-linked companies led by National Development Minister Mah Bow Tan, was given a briefing in Johor Baru on Monday by Malaysian officials on development plans
      130 words
    • Article
      Lock icon US interest rates unchanged
      260 2 THE FOLLOWING is the lull text of the Federal Reserve statement issued after the US central bank's latest meeting on Tuesday: "The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 per cent. "Economic growth has slowed over
      260 words
    • Article, Illustration
      Lock icon Marina Bay's 418 units sold out, prices hit $2,770 psf
      456 4  -  By KALPANA RASHIWALA [SINGAPORE] Luxury condo Marina Bay Residences is virtually sold out. The highest unit price achieved as of 6pm yesterday was $2,770 psf for a high-floor, three-bedroom apartment, compared with a top price of $2,200 psf recorded on
      ASHLEIGH SIM/ST  -  456 words
    • Article
      Lock icon Demand for 7,500-15,000 additional homes a year?
      430 4  -  That could be scenario if S'pore population rises 1m over next 10 years By KALPANA RASHIWALA [SINGAPORE] There could be additional demand for 7,500 to 15,000 homes a year most of them private if the population of Singapore increases by one million over
      430 words
    • Article
      Lock icon Grade A office rents pushing record highs
      792 4  -  By KELVIN HAN, ARTHUR SIM [SINGAPORE] Rents for Grade A office developments are now close to the record highs set in the 1990s beating even the forecasts of analysts. Moray Armstrong, executive director of office services at CB Richard Ellis (CBRE), says: "CBRE
      792 words
    • Article
      Lock icon A gift that's always fresh off the press
      260 4 IN this season of giving, how about sending your loved ones or business associates a gift that stays fresh right through the year? In fact, it's actually a new product every week. For Just $65, The Business Times Weekend edition can be
      260 words
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      96 3 I j I DE BETHUNE I Tun HOROLOGICAL MASTERPIECES I I J I w DB20 I AUTOMATIC iMT I THE HOURGLASS I Contemporary Horological Art MAIAYSIA INDONISIA AUM RAIIA MNC.AIORl i\k/\kl\ \M>Nn III (>1 2 J) 22l 22KK I K'S AM KiSSSS? ="n, ,o.,, 1( ,,ss n A/AM NAN AN
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  • Page 4 Advertisements
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      1320 4 LOST SHARE CERTIFICATE(B) Notice is hereby givefri that the following share certificates have been reported lostDBS GROUP HOLDINGS LTD (Incorporated in Singapore) Mame Certificate Nos Number of shares Estate of Dr Chan Loo Chun, Deceased *****6 3,811 Estate of Nam Chee Woo, Deceased *****5 526 Estate of Wee Swee Cheng,
      1,320 words
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      234 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UNI-STRONQ INDUSTRIES PTE LTD (Members' Voluntary Winding-Up) At an Extraordinary General Meeting of the Members of UNI-StRONG INDUSTRIES PTE LTD duly convened and held at 17 KaNang Junction #03-01 Esmart Centra, Singapore *****4 on 07th December
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  • COMPANY NEWS
    • Article
      Lock icon It may be worthwhile to exit Roly now
      643 5  -  HOCK LOCK SIEW By TEH HOOI LING IN JULY this year, fund manager Arisaig sold its entire 17.67 per cent stake in supply chain integrator Roly International for 35 cents a share to private equity fund RI Investments. The day before that,
      643 words
    • Article
      Lock icon Allegations against Indosat unfounded, says STT
      369 5  -  It says its associate does not engage in monopolistic behaviour By SIOW LI SEN ST TELEMEDIA (STT) has strenuously denied that its Indonesian associate, PT Indosat, engages in monopolistic behaviour with PT Telekomunikasi Selular (Telkomsel), both dominant Indonesian telco players. STT owns some 41
      369 words
    • Article
      Lock icon Isetan S'pore to set up new store in Chengdu
      216 5 ISETAN (Singapore) Ltd yesterday said it has taken a 45 per cent stake in a new department store in Chengdu, China. The retailer said the remaining 55 per cent stake in the new company formed in China will be held by
      216 words
  • Page 5 Advertisements
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      116 5 y W- JUST A SMILE AirPlus INTERNA T I O N A L JUST A CORPORATE CREDIT CARD AIRPLUS. WHAT TRAVEL PAYMENT IS ALL ABOUT. We have been specialising in global payment solutions, reporting ana analysis of business travel for over 15 years. Furthermore, we have helped our 30.000 corporate
      116 words
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  • COMPANIES: CHINA STOCKS
    • Article
      Lock icon Key shareholders plan to take Roly private
      427 6  -  Subsidiary Linmark will be bought if delisting is successful Reports by JEAN CHUA THE main shareholders of Roly International Holdings have proposed taking the logistics firm private, and will buy its subsidiary Linmark Group if the delisting of Roly is successful. Chairman Wang
      427 words
    • Article, Illustration
      Lock icon China Energy sells new shares for $206.5m
      408 6 Proceeds to be used to expand factories on the mainland CHINA Energy, a maker of dimethyl ether (DME), an alternative liquid fuel, is raising $206.5 million in Singapore to expand its factories on the mainland. The company will sell 248.8 million shares at
      408 words
    • Article
      Lock icon Epure unit wins two contracts worth 213m yuan
      276 6 EPURE International said yesterday it has won two contracts worth about 213 million yuan (5541.9 million) through its subsidiary. The first project that Beijing Sound Environmental Engineering will build is a wastewater treatment system for Tongliao Bibo Water. The project is worth
      276 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5126 6 UNIT TRUSTS FUNDS AB Emg Mkls B USD 28fi2/ AB Amer Income AT SGO 13.40 AB Amer Income BT SGO 13-51/ AW Aura AmM Mgt (S'pora) A8 Amer mane AT USD 87V Star Europe Eqty' 1.042/ AB Amer Income BT USD 8.78/ Star Ewope Bond 1216/ Afi Amer Income A
      5,126 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      37 6 l,r AllianzGI RCM Global Twin-Focus Fund a fund that offers yon twin benefits Allianz (fij) I f of potential quarterly payouts and limits possible downside. Visit OCBC and other cjobal lnvestors I appointed distributors for more details.
      37 words
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  • COMPANY NEWS
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      94 7 tax Our qualified professionals can assist you with offshore yfiSHsr structures, shelf companies MBT# and incorporations in ALL British Virgin Islands Cayman Islands Bahamas Mauritius pHHmHHHHnffiI Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning.
      94 words
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      146 7 **WmMiLA T* t 3 4 §.»r jfid r? /ißPjr rw^^O' Jm jMJtM IJSm <M <-A- '1 MMm wr f<TW r -C» JjKTf/# |v w f j#jr£ ?.f <\, mjr m- <i:Sci¥^# Tfm ft *f, jf #Hr d> PKOPCI? Ir <Jb i Jmmr,* WfkjrJw Wr- H ,jl rjf* r BmMBMI f^^mUkMF^^KhklSK
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon SingTel, DBS drive STI in soft session
      544 8  -  STOCKS Telco's 16-cent loss largely offset by banking group's 50-cent gain as index sheds almost 10 points R SIVANITHY Senior Correspondent SINGAPORE Telecom almost single-handedly provided the impetus for the Straits Times Index between Friday and Tuesday, so it probably came as no
      Sotrce: Uocmbtrg  -  544 words
    • Article, Illustration
      Lock icon TRADES TO WATCH
      1006 8 SUBSTANTIAL SHAREHOLDEk/DIRECTOR TRANSACTIONS (Disclosures made on Dec 13 and earlier) Subsantial Mo of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr ('000) 000) PineAgri 13-Dec-06 Hu Fabao 'Sell *****0 na *****0 9.75 0 0.00 PineAgri 13-Dec-06 Golden Revenue Inc Sell
      1,006 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      879 8  -  Compiled by UMA SHANKARI Gallant Venture D«c 13 dose: 550.875 CLSA ASIA-PACIFIC MARKETS, Dec 11 GALLANT Venture's (GV) shares as much as doubled on excitement about the company's huge, "bar-gain-basement" book-value land on Bintan Island. Indonesia. Land sales are expected soon, which could re-energise its shares if pricing
      Source: Bloomberg  -  879 words
    • Article, Illustration
      Lock icon Yen plumbs fresh 8-year lows despite soggy US$
      525 8  -  CURRENCIES LARRY WEE Senior Correspondent CARRY trades once again dominated proceedings in Asian currency tion yesterday after the US central bank left its interest rates unchanged overnight at 5.25 per cent as widely expected, and the Jap- anese yen emerged the worst
      Source: Reuters  -  525 words
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  • COMPANY NEWS
    • Article
      Lock icon Merrill Lynch upgrades OCBC Bank to 'buy'
      468 9  -  Bank seen to be ready to leverage growth of broad consumer sector By OH BOON PING OCBC Bank has made it to Merrill Lynch's A-list, emerging as one of the latter's highest-conviction stock recommendations. The research house also upgraded OCBC to a "buy"
      468 words
    • Article
      Lock icon KepFels sells rig stake to partner for US$72m
      414 9  -  By CONRAD RAJ KEPPEL Fels (KepFels), whose parent Keppel Corporation is the world's largest builder of jack-up rigs for the oil industry, is selling its 72 per cent stake in the semisubmersible rig West Berani to its partner, Sea Drill Asia, for
      414 words
    • Article
      Lock icon Labroy bags 2 deals worth US$58.9m
      278 9  -  By UMA SHANKARI SHIPBUILDER Labroy Marine yesterday said it has signed two shipbuilding contracts worth a total of US$5B.9 million, bringing its total outstanding order book value for 2006 to a record $1.9 billion. The contracts are for the building of two units of
      278 words
    • COMPANY BRIEFS
      • Article
        Lock icon Mapletree Log buys 2 industrial properties
        67 9 MAPLETREE Logistics Trust (MLT) has agreed to buy two warehouse-cum-office properties for $28.9 million one from Kingsmen International Pte Ltd at Changi South Lane in Singapore for $13.9 million and another in Shah Alam, Selangor, Malaysia for RM3S million (Ssls million). Both deals have
        67 words
      • Article
        Lock icon Stratech wins US govt agency order
        39 9 STRATECH Systems said yesterday it has won a repeat contract from a US government agency. Under the new contract, Stratech's Intelligent Vehicle Access Control System will protect a major secure facility in Kansas.
        39 words
      • Article
        Lock icon Penguin Boat seals $10m ferry contract
        43 9 PENGUIN Boat International has signed a contract with Tian San Shipping to jointly provide high-speed passenger ferry transport services to support major infrastructure projects in and around Singapore waters. The contract is worth an estimated $10 million.
        43 words
      • Article
        Lock icon Hiap Seng in tie-up with CNOOC
        71 9 HIAP Seng Engineering said yesterday that it has entered into a strategic cooperation agreement with a subsidiary of China National Offshore Oil Corporation, a major oil and gas group in China. Under the pact, both parties will use their respective strengths to collaborate on
        71 words
      • Article
        Lock icon I'M Tech gets SGX nod to delist after offer
        52 9 I'M Technologies has received approval from the Singapore Exchange to delist. The move follows an offer for the company's shares by Oberthur Card Systems, announced on Oct 11. I'M said a shareholders' meeting will be held to vote on the scheme
        52 words
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      137 9 ■■mBI Tltlllo jHfiMBpL 4* >mm ■Hill iiliHl^H aT**- 7- ir* **K*Sl> >S5 giE U BjKKyobslf jit .IjJb fIWMI $B m jcUHh V lr 1 JHPQ B l fi Ml lw| Si Bml Developer GUAN REALTY (PTEI LTD (Co Regn No *****0766R| Developer license no.: ***** SwAwnt 1) •We of lord:
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Dining opportunities next door
      1484 10  -  Malaysia is both a convenient stop and a good testbed for S'pore F&B operators despite challenges, reports CHUANG PECK MING CHUANG PECK MING MALAYSIA has often been the first port of call for Singapore businesses when they expand overseas. Traders and manufacturers were among the early
      BLOOMBERG  -  1,484 words
    • Article, Illustration
      Lock icon Crystal Jade sees good potential in Malaysia
      312 10 MALAYSIANS may spend less than Singaporeans when dining out, but that does not mean that Singaporean restaurant owners can afford to ignore Malaysia's food services sector, according to Ip Yiu Tung, chairman of the Crystal Jade restaurant group. "Compared with Singapore, customer spending
      FILE PHOTO  -  312 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      200 10 international Enterprise Singapore jk International Enterprise Singapore's mission is to help Singapore Tap on our services to enhance your export competitiveness enterprises grow and internationalise successfully. Tasked to One-to-one company consultations cd-rom on ftas —W '.~i ra n r 5 .w,0«,.,.«, ISSKSSSXS' i range of services to help you export,
      200 words
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      41 10 ENTERPRISE the Business times SINGAPORE Singapore Singapore International is a weekly, market-focused series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry helping Singapore enterprises export and internationalise.
      41 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Hedge funds not hit by new US rules
      661 11  -  SEC bid to raise bar from US$1m-2.5m affects mostly US onshore investors By MATTHEW PHAN TOUGH new US rules on who can put their money into hedge funds are unlikely to hit Singapore-based funds, their managers told BT yesterday. The United States
      661 words
    • Article, Illustration
      Lock icon Great show by BT Budding Artists Fund
      282 11  -  By VINCENT WEE THE chamber at The Arts House last night became a secret chamber where children were transformed into performers for the finale of "Playtime! The Business Times Budding Artists Fund" (BT-BAF) three-day arts camp sponsored by BNP Paribas. The camp aimed
      YEN MENG JIIN  -  282 words
    • Article
      Lock icon Beer becomes multimedia entertainment at TigerLive
      406 11  -  By CONRAD RAJ ASIA Pacific Breweries, brewers of the worldrenowned Tiger Beer, hopes to enthrall the 300,000 visitors a year that it expects to entice to its brand entertainment centre at St James Power Station with a variety of high-tech animation effects and illusionary
      406 words
    • Article
      Lock icon Betting tax revenue may double: economist
      396 11  -  By ANNA TEO ONCE the two integrated resorts are operating, Singapore could well afford to cut income taxes even without raising Goods and Services Tax, an economist has suggested. If Macau's experience is anything to go by, from 2010 when the two IRs here
      396 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon New S'pore-Germany tax agreement
        76 11 A NEW avoidance of double taxation agreement between Singapore and Germany came into effect on Tuesday, replacing the previous agreement which dated back to 1972. The new agreement includes a cut in withholding tax rates on interest from 10 per cent to 8 per cent, and
        76 words
      • Article
        Lock icon Relations with Antigua & Barbuda
        29 11 Relations with Antigua Barbuda SINGAPORE and Antigua Barbuda on Tuesday agreed to establish diplomatic relations at ambassador level. The two countries hope this will strengthen and develop friendly relations.
        29 words
      • Article
        Lock icon New Bridge Rd site to be sold by tender
        117 11 THE Urban Redevelopment Authority yesterday said that a 0.13 ha commercial site at a corner of New Bridge Road and North Canal Road will be put up for sale by public tender within two weeks, after an unnamed developer bid $21.5
        117 words
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      156 11 Clariden Leu Clariden Leu: The name stands for the tradition and innovative spirit of the four Swiss private banks Clariden, Leu, Hofmann and BGP, as well as Credit Suisse Fides. In joining forces, they will continue to guarantee the first-class service their private clients all over the world have come
      156 words
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  • ECONOMY WATCH
    • Article
      Lock icon US$50b new raw material inflows seen by 2008
      349 12 Reuters [NEW YORK] Investments in commodities could increase by another US$5O billion by 2008 and investors are likely to opt for more actively managed exposure than passive portfolios, a Barclays Capital (Bar Cap) survey showed on Tuesday. The UK-based investment bank said
      Reuters  -  349 words
    • Article
      Lock icon Vietnam sees 8.2% economic growth in 2006
      384 12 Foreign direct investment rises to record US$9.5b Reuters [HANOI] Vietnam's economy will grow 8.2 per cent this year with record foreign direct investment of US$9.5 billion, government ministers said yesterday. That would suggest a modest slowdown from 8.43 per cent growth in 2005
      Reuters  -  384 words
    • Article, Illustration
      Lock icon E Timor ready to cut red tape to draw investment
      347 12 AFP [SYDNEY] East Timor is planning to cut red tape and simplify legislation to attract foreign investment and create much-needed jobs, President Xanana Gusmao said. "The challenge incumbent upon all of us is to work together to transform the economy
      AFP  -  347 words
    • Article, Illustration
      Lock icon China's industrial output growth close to 2-year low
      427 12 Results suggest the govt is achieving a gradual economic slowdown Bloomberg [BEIJING] China's industrial production growth stayed close to a two-year low last month, suggesting the government is achieving a gradual slowdown in the world's fastest-growing major economy. Output rose 14.9 per
      Bloomberg; AP  -  427 words
    • Article
      Lock icon Indians top global consumer confidence survey
      225 12 Reuters [HONG KONG] Indians are the world's most optimistic consumers, followed by Norwegians and Danes, while Japanese remain cautious despite their recovering economy, a survey by market researcher ACNielsen shows. India set the highest level ever registered in the ACNielsen Global Consumer Confidence Index
      Reuters  -  225 words
    • Article
      Lock icon BURSA MALAYSIA
      2275 12 VOL Gamuda AM 0.02 1386 IMC 13 KM W- rOOO) General Corp -0.65 unch 230 Genting 33.00 0 50 2226 AAMRealty 136 unch 0 George Kent .0.58 -0.01 33 Abric 032 unch 29 GHLSystem .034 unch 4008 ACPmcfcathes 131 0.01 110 Globetronks Tacti .030 unch 2876 Advance Synergy
      2,275 words
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      113 12 IB "I personally disagree with the view 9 that entrepreneurs are born and not 9 bred -it is the conditioning of the 91 9 environment that the modus operandi H| 9 on how to make a business work Bp 9 i gets ingrained in your mind. You will K 9
      113 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon M'sia to raise KL highway toll rates from January
      223 13 AFP [KUALA LUMPUR] Malaysia will impose higher toll rates from January for highways into the capital, a junior minister said yesterday, despite strong public outcry and concerns it will fuel inflation. S Veerasingam, deputy domestic trade and consumers minister told AFP
      AFP; FILE PHOTO  -  223 words
    • BRIEFLY ASIA
      • Article
        Lock icon Anil Ambani eyes Hutchison's India ops
        92 13 Reuters [MUMBAI] India's Anil Ambani group and US private equity funds are working on a US$l4 billion-plus bid for the Indian mobile phone operations of Hutchison Telecommunications International, the Financial Times reported yesterday. Analysts said existing shareholders in the business may want a higher
        Reuters  -  92 words
      • Article
        Lock icon Chinatrust embraces strategic investors
        140 13 Reuters [TAIPEI] Chinatrust, Taiwan's top credit card issuer, said yesterday it would prefer to form a strategic alliance with a foreign bank to help it become a regional player rather than take on a private equity investor. Chinatrust Financial Holding* which is 53 per cent owned
        Reuters  -  140 words
      • Article
        Lock icon GE Aviation, Home Depot in China deals
        103 13 AP [BEIJING] US retailer Home Depot Inc signed an agreement yesterday to buy a chain of Chinese home improvement stores and GE Aviation announced a jet engine sale as US and Chinese companies announced deals ahead of a visit to Beijing by US
        AP  -  103 words
      • Article
        Lock icon India to overtake China growth in 2007
        115 13 Bloomberg [NEW DELHI] India will overtake China next year as the world's fastest-growing major economy on rising consumer and government spending, Credit Suisse's chief Asia economist Dong Tao said. Credit Suisse raised its 2007 growth forecast for India's US$775 billion economy, Asia's fourth
        Bloomberg  -  115 words
      • Article
        Lock icon US economic chiefs in China for crucial talks
        129 13 AFP [BEIJING] US Treasury Secretary Henry Paulson arrived yesterday for crunch talks in Beijing at the head of the most high-profile US trade delegation to visit China in recent years. A full one-third of the 15 US Cabinet secretaries are to hold
        AFP  -  129 words
    • Article, Illustration
      Lock icon Proton: No decision yet on partner
      509 13 Chairman shrugs off report of planned tie-up with Volkswagen Bloomberg [KUALA LUMPUR] Proton Holdings Bhd Malaysia's biggest carmaker has yet to pick a strategic partner and a report of a planned tie-up with Volkswagen AG was premature, chairman Azlan Hashim said. Proton, which last
      Bloomberg; BLOOMBERG  -  509 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon HK plans currency futures market by end-2007
      539 14 Ma says he wants to see creation of commodities and currency markets NYT [HONG KONGI Hong Kong's Secretary of Financial Services and the Treasury, Frederick Ma, gave cautious support on Tuesday to the creation of a currency futures market here by the end
      NYT  -  539 words
    • Article, Illustration
      Lock icon DOGS' BEST FRIEND
      87 14 [BEIJING] Dog lovers gathering on Tuesday to protest the inhumane treatment of all animals in Kunming, in China's south-west Yunnan province, after a local man stomped on and killedfive puppies barely 25 days old, before eventually being caught by the police. Modern China's burgeoning affection for the
      AFP  -  87 words
    • Article
      Lock icon China Life launches Shanghai listing
      269 14 Reuters [SHANGHAI] China Life Insurance Co will launch a 28 billion yuan (555.5 billion) A-share offer this month and list them here in January in what would be the second-biggest share sale ever in mainland China. The official China Securities Journal says in a front-page
      Reuters  -  269 words
    • Article
      Lock icon India restricts bank loans to financial firms
      354 14 Aim is to curb credit risk and regulatory arbitrage by banks Bloomberg [MUMBAI] India has introduced limits on loans and investments by banks in non-bank financial companies to curb credit risk arising from record lending in the world's second fastestgrowing major economy. The
      Bloomberg  -  354 words
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      278 14 Enon9 Rt^klu .v^ r Bksml P^jfl ■jlfll, Tffin^firiaPl^^H^^^^B^^rnMl^'JWMßß^BßffTflffTßralt^^r *££&&dBs!f *Wk 7vf ul jjgglfiW?; v -^fIHOK *fcy4i /HK'i^^HM rfll >A^ya^^^WC? Singapore's first-ever 'snowfall' at The Jewel Box. Experience 'snow' whilst wining and dining! fc>. I Stunning view from lighted cable car The Jewel Box Winter season Spectacular'snowfall'while dining The Jewel Christmas
      278 words
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  • MIDDLE EAST
    • Article, Illustration
      Lock icon World Bank sees continued strong growth for Mid-East
      382 15 Economic expansion in 2007 pegged at 2006's 4.9%; in 2008, at 4.8% Bloomberg AP [CAIRO] Economic growth in the Middle East and North Africa will probably remain little changed over the next two years, after reaching a four-year high of 4.9 per
      Bloomberg; AP  -  382 words
  • Page 15 Advertisements
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      402 15 U.S. MEAT EBB h j«ih4 n vin ■K |VH jpr Fantastic, value You can enjoy salads, soups, ice cream, local desserts like ice kacang and tau suan plus fresh fruit for only $3*! With every order of a local or western delight from $6.90*. Diners Club Card To apply, can
      402 words
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      Lock icon Page 15 Advertisements Column 2
      195 15 Black Angus is proud to present our Christmas Eve 2006 set menu Starter Leek and Potato Soup or Tomato Salad Entree Roast Turkey w/ Gammon Ham or Grill Striploin combo w/Grill jumbo Prawns. Dessert Xmas Mini Log Cake Drinks Glass of red/ white wine Price: $78 Christmas Lunch Set Entree
      195 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon It's the US dollar, stupid
      552 16 EDITORIAL THE US stock market doesn't seem at all worried about inflation, nor is the US Treasury market, and a good number of Fed watchers have pencilled in two to three Fed cuts starting from somewhere around the middle of next year. Yet, once again,
      552 words
    • Article, Illustration
      Lock icon 2006 may well be curtain call time for Pax Americana
      801 16  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group EVER since World War 11, the United States has used its military and economic superiority to promote a stable world order that has, on the whole, kept the peace and
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      Lock icon Inequality abound on Wall Street
      1211 16  -  With the shrewdest and most sophisticated investors armed with essentially unlimited capital, any company that is available to the public is almost by definition an inferior asset By MICHAEL LEWIS Bloomberg ONE of the miracles of Wall Street is its ability to create a class
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      Lock icon Japan needs to embrace change or lose out
      798 17  -  It cannot afford to ignore the fact that its hesitant attitude is putting it at a disadvantage ANTHONY ROWLEY Tokyo Correspondent WHEN Japanese Prime Minister Shinzo Abe and Education Minister Bunmei Ibuki talk about "beautiful Japan", they are not alluding to the
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      Lock icon US in balancing act with China
      1291 17  -  LEON HADAR Washington Correspondent American pundits have been wondering whether the Democrats who will be controlling US Congress for the next two years and the Republican lawmakers who will occupy a minority status on Capitol Hill would be able to cooperate in advancing a
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      Lock icon Freeze fees for basic amenities
      283 17  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore I REFER to media reports that the government has spelt out the fees to be frozen for one year after the Goods and Services Tax (GST) hike, in fulfilment of its pledge to offset the burden of
      283 words
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      Lock icon Allegations made against Craft Print false and misleading
      699 17  -  Dora Ong Kwee Cheng On behalf of the Board of Directors Craft Print International Ltd WE REFER to the letter, "Minority shareholder supports SIAS call" by Tan Bien Chuan of OWWS Ltd (BT, Nov 30), in which reference is made to the
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Fed adopts wait-and-see stance on rate cuts
      801 18  -  But it gives itself wiggle room on possibility of future reductions By ANDREW MARKS in New York ON Tuesday, the US Federal Reserve's Open Market Committee (FOMC) told Wall Street not to expect the short-term interest rate cuts that many investors believe are
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      Lock icon Japanese business seeks tighter rules on foreign takeovers
      163 18 AP [TOKYO] Japan must protect its national interests and key manufacturing technologies by strengthening rules on mergers and acquisitions by foreign companies, a powerful Japanese business lobby said. Nippon Keidanren also called for stock markets to allow companies to adopt a wider
      AP  -  163 words
    • Article
      Lock icon Lehman top 6 execs get US$35.9m in stock
      380 18 Wall St expects 30% increase in bonuses Bloomberg [NEW YORK] Lehman Brothers Holdings has awarded its top six managers a total of U5535.9 million in stock for the current year, the first of the billions in bonuses to be paid as Wall
      Bloomberg  -  380 words
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      Lock icon Goldman average 2006 pay rises to US$622K per staff
      563 18 Bloomberg [NEW YORK] Goldman Sachs Group is paying its employees an average of U*****,000 this year, after posting the highest profit ever for a securities firm. The firm set aside US$l6.5 billion for salaries, bonuses and benefits for its 26,467 employees
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      Lock icon Google sets up stock option market for staff
      580 18 AP [SAN FRANCISCO] Google employs a lot of brilliant minds, but even smart people have trouble figuring out how much their stock options are really worth. The Mountain View. Cal-ifornia-based company hopes to simplify the task by creating a new online market
      AP; AFP  -  580 words
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      168 18 "NO MORE CARDS; NO MORE FORGOTTEN..." HOGA BIOMATRIX FINGERPRINT PIN DOUBLE CONTROLLER 88HBE Benefit! g One fingerprint develop the whole world. «i■+ PM |p||||l w Adopt high reliable industrial component gFrcjß IB parts an( optical sensor, watchdog monitor to mam fllflAffftlH voW unit hanß unique reset key keeps the mm
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  • AVIATION
    • Article
      Lock icon S'pore, Ireland ink open skies agreement
      427 19  -  Deal could lead SIA to start services between Dublin and the US By VEN SREENIVASAN [SINGAPORE] Singapore and Ireland have signed an open skies agreement which allows their airlines to fly to each other's country and onwards to thirdcountry destinations. "With this open skies
      427 words
    • Article
      Lock icon Great Wall Air cleared to resume all-cargo services
      358 19  -  By VEN SREENIVASAN [SINGAPORE] Singapore Airlines' 25-per-cent held China associate, Great Wall Airlines (GWA), has been cleared to resume its allcargo services following a decision of the US Treasury Department to remove the airline from its list of designated companies. This came
      358 words
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      Lock icon Airbus A380 certified by US, Europe
      729 19 Meanwhile, police raid EADS offices in insider probe Reuters [TOULOUSE, France] The world's largest airliner, the Airbus A3BO superjumbo, was officially declared safe to fly commercial services on Tuesday, capping six years of development marred by delays in deliveries to airlines. The European Aviation
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    • Article
      Lock icon Mid-East airlines to purchase US$150b of new planes
      270 19 Bloomberg [ABU DHABI] Airbus SAS, the world's largest maker of commercial aircraft, expects airlines in the Middle East to spend US$l5O billion on new planes from 2005 through 2025 to tap rising regional demand for air travel. "The Middle East is one
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    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2214 19 AfcaOfcaH SQ455 1225 SQ456 1300 Jgg 1645 ***** 2335 UiUMi LH9771 1740 AF8088 2215 "iiiSf jtJo >tf80B7 1830 BA Of82 2215 fnMmt AC9951 0655 LH9765 1430 J* .J*% HJ5 IH9762 0655 L***** 1430 OF8 830 io269 2350 *****9 0655 ***** 1430 Q f81 1830 lain SQ2S
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  • Page 19 Miscellaneous
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      Lock icon Page 19 Miscellaneous Column 1
      216 19 CRYPTIC CROSSWORD cords (7) 8 Upsets philosophy within 72 YESTERDAY'S SOLUTION 1 i++i i< i niaw i~7\ hours! (7) > Across: 1 Understands, 9 Sire. 10 1 Little girl s left to play (7) 13 Look clever and identify plant Executioner, 11 Fell. 14 Amatory, 2 Orchestrate a few changes
      216 words
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  • SHIPPING/AVIATION
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      Lock icon SSA says studies needed on switch to cleaner fuel
      632 20  -  Feasibility, costs, market supply and environmental impact need to be examined first By DONALD URQUHART [SINGAPORE] The Singapore Shipping Association (SSA) says more detailed studies are needed into Intertanko's suggestion that the shipping industry switch to a different type of fuel
      AP  -  632 words
    • Article
      Lock icon Toll plans to spin off its port and rail units
      624 20 Move will enable it to borrow A$1b for acquisitions in Asia Bloomberg [SYDNEY] Toll Holdings Ltd, Australia's biggest cargo handler, plans to spin off its port and rail units, allowing the company to borrow Asl billion (Ssl.2 billion) to pursue
      Bloomberg  -  624 words
    • Article
      Lock icon S'pore ports volume rises, fastest pace this year
      159 20 Bloomberg [SINGAPORE] PSA International and Jurong Port handled 12 per cent more containers in Singapore last month, the fastest pace of growth this year, helped by growing trade demand. Singapore, the world's busiest container port, handled 2.1 million 20-foot standard containers in
      Bloomberg  -  159 words
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      Lock icon Continental and United discussing merger
      795 20 People involved say talks picked up after US Airways' bid for Delta NYT [NEW YORK] United Airlines and Continental Airlines have been holding talks on a potential merger, a combination that would create the biggest domestic airline, with a combined value of US$9 billion, people
      NYT; AP  -  795 words
    • Article
      Lock icon China looks to lead on no-ticket air travel: lata
      467 20 Reuters [GENEVA] China is heading to become the first country in the world to operate a totally paper-free ticket system for air travel at home and abroad, the head of the airline industry's global body lata said on Tuesday. But Russia
      Reuters  -  467 words
    • Article
      Lock icon Dubai Aero to spend up to US$3b on leasing ops
      174 20 Bloomberg [DUBAI] Dubai Aerospace Enterprise, a US$l5 billion airport and aviation services company owned by the Persian Gulf emirate, plans to spend as much as US$3 billion to establish an aircraft leasing business. "Whether I build that leasing company from
      Bloomberg  -  174 words
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  • Article
    Lock icon SINGAPORE STOCKS
    10151 21 SGX MAINBOARP 52 WV Id Last Vol Day Last Quote Wv GrYtd Net MCap High Low Coda Company Sale +I- rOQO) High low My SaBar Cm WE SwM 3.5 1 5716 1st Software 3 2.5 3 12.1 11.5 6 3148 STelecom 9 -0.5 562 9 8.5 8.5 9
    10,151 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    5662 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local can to SS In US J fcdy dy yr dy Nyr D»c1t IndW Oi»oy Chrnnq* Cringe Chant)* mange Change World inde» Preliminary 1087 5 0.1 122 0.1 8.6 02 17.0 t EAfE Preliminary 1083.8 03 it4 04 13.0 OS 21.7 Europe
    5,662 words
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      1569 23 UK CONTINENT SERVICE 11.5.A SERVICE Destination Destination DD SUCCESS RDM/ATW/BMNALB/NAN MATIRA CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia loq6s e/w Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination j 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
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      488 23 v&v WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.tom VESSE VOY UW HBCHT SIN LK MAO S*V PAL ORE BMUi Afo3t 3201 m MA 11/11 10/01 19/01 23/01 27/01 25/01 UIKO Af7ol 4201 MM 6.4 M 21/12 21/01 30/01 03/02 00/02 06/02 TAUBOT AF7O2 4001 m *.4M 01/01 01/02 10/02 14/02 10/02 17/02
      488 words
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      1251 24 WAN HAI INTERNATIONAL PTC LTD at NO; **********0/R 1E:*****588 (I4UNES) F/Ut*****163 WxWAN HAI LINES V JoHim7)2sltra HULH7)2SHf7I SUIIH: (Ml) JWSA7SFAI:|WI) 12*7714/J*****5 JB«:JB1)WHiWt|Bl)IB«»H«*:71MI0/7M3WWtniW» WWW.WMMI.(M.I] (041)415/00 BUfc|O4IMIS»«S/«m«9 roi aw «c bw m mc an jus to rw —nw ngo wo MM W 733 MO3 lt/17 20/12 22/12 77/17 IK2O/13 01/01 OMH OJAII
      1,251 words
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      1101 24 VtSStl VQY PKL SIN I KARACHI PXE 6A> PMM MK ICHOR IRAN SATTAR I KL »177 19/12 20/12 29/12 01/01 02/01 OR/01 10/01 12/01 IRAN SHAHRYAR PCI SI7S 23/12 24/12 02/01 05/01 06/01 12/01 14/01 16/01 IRAN BAABAf I PCI 6176 02/01 11/01 14/01 15/01 21/01 23/01 25/01 VESSEL VQY
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      Lock icon Page 24 Advertisements Column 3
      632 24 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS yt«H vot an mang couimo hswva coiowo" LAIIAHADUI 01IQW l?0K 13 DK It OK HBK 73 DH BHAKMMM TflttW UDK WOK 73 DK WOK 30 OH HOWAHH OOSM I HDK ?7DK 30DK WJMI OtJAII ALSO ACOPIMG
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      5529 25 This ETA ETA Advertiser Vessel Voyye Tekphooe ETA ETA Adverser Vessel Vomg ET, SIN Dest'n Name Name Number Number SIN Desfn Nmw Name Number Number Sll ■■■■■■NHMMHMMMflHMNHHMNNNMNMMMHNNNNNMMNHNMNMMMMNNi n 17/01 25/01 Austral AL CAPE HASTINGS 01F7 *****333 02 To ABU DHABI (AUH) 2004 U.A.Emirates 21/01
      5,529 words
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  • BizIT
    • Article, Illustration
      Lock icon S'pore IT market set to grow 4.8% to US$4.7b next year
      572 26  -  Some sectors here will see a double-digit boom, according to new IDC report By WINSTON CHAI WHILE the rest of the region looks set for a boom in technology spending. Singapore's IT market is expected to witness moderate sin-gle-digit
      572 words
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      Lock icon The future is here, and it lies in a smart potty
      412 26  -  By WINSTON CHAI SO much has IT permeated all facets of our lives that even a trip to the humble restroom could soon prove to be a demonstration of high-tech wizardry. One such toilet of tomorrow, now flushing at
      412 words
    • Article
      Lock icon Korean portal Daum ties up with Google
      248 26 Reuters [SEOUL] Daum Communications Corp said yesterday that it has entered a deal with global Web search leader Google Inc as the South Korean Internet portal aims to win back the top spot in the local search ad market. Under the deal, whose
      Reuters  -  248 words
    • Article, Illustration
      Lock icon M1 rolls out HSDPA consumer trial on Samsung handset
      493 27  -  200 customers will get unlimited service during one-month trial By ROLAND LIM TRAIL-BLAZING telco Mobile One launched a High Speed Downlink Packet Access (HSDPA) service earlier this week that, unlike its recently launched HSDPA mobile broadband service, is truly unlimited but
      493 words
    • Article
      Lock icon Apple's iTunes music sales plunge in H1
      355 27 Reuters [AMSTERDAM] Sales at Apple's online music shop iTunes Music Store fell off a cliff in the first six months of 2006, according to a recent survey. Since January, the number of monthly iTunes transactions has declined 58 per cent, while the average
      Reuters  -  355 words
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      558 26 V j^^^^^Hß^niji£MlL~|ijTO2ynH| U HHfIHHHHHHHHHHfIi In an age where industry leaders are competing to make dramatic widescreen perspective, exceptional display Forget about squinting at images and clicking your way things more miniscule, experiences more portable, some quality and ultra slim bezel designs. 'Seeing the bigger through several hidden 'windows'. Just concentrate
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      Lock icon Page 26 Advertisements Column 2
      12 26 3.5G NETWORK Ml rolls out consumer trial on Samsung handset PG 27
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      56 27 f fttf tt.* ■I HB JkjL m i •1 MM V Bk, w JP.' W m I K' Ilk 9 wL IsPß™ |n| J mJ# I# Sat% n z% h e r breaK I s» ht s dio9l3 is •l 1 is Radio 91.3 is managed by SPH Unionworks, a
      56 words
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      Lock icon Page 27 Advertisements Column 2
      138 27 I Delighting You Always IV A «S\ vv iH 1 Hi m J t W i i wot m m I y w\ ■PNI BEST I K B MM Jl>i tin r ->• JOMgßLkaaMtes. i V \AH y Ai Imiifr^ ■■■■■■■■■■■■■■Bite... i Who can light up your business with their
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  • PROPERTY
    • Article, Illustration
      Lock icon US housing slump seen continuing into next year
      590 28 But commercial property is likely to remain strong, says top E&Y official Reuters [NEW YORK] The US housing market is probably in for continuing hard times next year, as mortgage defaults prolong the pain, Gale Anne Reiss, Ernst Young's global director of
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      Lock icon Investment sales hit record $26.9b
      522 29  -  Total sales double 2005's high; sentiment still buoyant: CBRE By UMA SHANKARI PROPERTY investments sales this year have hit $26.9 billion to date, surpassing by 51 per cent the historical high of $13.5 billion reached in 2005, according to data released yesterday by property consultancy
      Compiled by BT  -  522 words
    • Article
      Lock icon Househunt
      2135 29 PROPFRTY TRANSACTIONS I flDfiFD RFTWFFM DFf 4 AND DFf 11.7006 PROJECT NAME/ PROP CONTRACT TENURE BUHJ-W/tAND PRICE PSE STREET NAME TYPE DATE AREA*(SQ FT) (St'OOO) (Stt District 1 NONl AfOED People's Park Cpix Apt IS/11/2006 99 409 225 550 The Sail At Marina Bay Apt 28/11/2006 99 88J, 1364
      2,135 words
  • Page 28 Advertisements
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      278 28 Ht B S E&glS .aJMHHv m.-u~ jjßftix&k >. INVEST IN ORCHARD ROAD Singapore's Hottest Residential District 1 to 4 bedroom Apts Available Freehold Brand New Excellent Investment Potential I®' tUt in" nn-*' > mimA*. >s'i*- h- ueorge lan *«riHfeWFi# v -r mbbbptWb Cecilia Wang *****035 QHQ3I ,r >' '.i£BS&.9La»M3«^"IHWMBWi r,,
      278 words
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      Lock icon Page 28 Advertisements Column 2
      185 28 HSiri^vnvii7fS3llHlllll^^|saviiisl Prime Strata Floors For Sale GB Building 5,425 sq. ft. The Octagon 6,000 sq. ft. Suntec Tower from 4,600 sq. ft. onwards Other prime CBD office units shophouse units Prime Office Space For Lease i Anson House from 1,400 sq. ft. onwards GB Building 5,425 sq. ft. available immediately
      185 words
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      Lock icon Page 28 Advertisements Column 3
      19 28 Parting company? Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. NOTICES
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      19 29 Commercial Industrial Residential Investment Sales Collective Sales Valuation Research Consultancy Property Management •UK Residential International Sales Tel: 6536 5022
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      Lock icon Page 29 Advertisements Column 2
      37 29 BKe Area 17,111.53 aq ft approx. Tenure Freehold -Plot Ratio 2.1 Close to Dhoby Ghaut MRT Investment Sale: 6352 6616 Daniel Ong: 9128 8179 °*o# Email: investmentsQdennlswee.com For •nquiriM, pIMM contact Jason Chow 9673 7733 rw?u» jtsonchow@propnßX.com
      37 words
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      166 30 M Audemars Piguet Le maitre de I'horlogerie depuis 1875 NEW MILLENARY COLLECTION m *-< V ;-y -y.. .t -V- i -v *ur > *;v 1 ,M; Bkj m x Hal V V&\ 4 k. Mir i" r. !.<■ r < v r mh^hMSK^ir..wmsX.- mM W 4, •/> V F F
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