The Business Times, 15 December 2006

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Total Pages: 38
1 36 The Business Times

  • Page 2 Advertisements
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  • 716 1  -  Merger will turn SGX-listed Wilmar into a leading Asian agribusiness By LAUREL TEO, S JAYASANKARAN in Kuala Lumpur THE Kuok family plans to merge and regroup its vast assets in edible oils, palm plantations, grains and other commodities under a Singapore-listed
    716 words
  • 130 1 sn 2,916.28 (+32.13) ST INDEX FUTURES 2,912.00 (+32.00) SIMSCI 354.75 (+3.99) SIMSa FUTURES 353.60 (+2.40) MARKETS Thursday Change KLCOMP 1,075.47 -4.13 NIKKEI 225 16,829.20 +136.27 HANG SENG 18.919.40 +201.21 SET INDEX 732.40 -2.58 JAKARTA COMP 1,767.80 +14.00 MANILA COMP 2,833.27 -2.59 SEOUL COMP 1,418.38 +35.10 SHENZHEN B 394.56
    130 words
  • 913 1  -  Change takes immediate effect today By ARTHUR SIM, UMA SHANKARI IN WHAT appears to be a subtle warning to the real estate industry to keep the property market in check, the government has withdrawn the concession to defer stamp duty a move that
    913 words
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  • TOP STORIES
    • 32 2 IN the report. "Investment sales hit record $26.9b" (BT, Dec 14), the Good Class Bungalow market generated $859.2 million of investment sales, not $859.2 billion. We are sorry for the error.
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    • 407 2 Consortium says it has no plans to break up airline AP Bloomberg Reuters [SYDNEY] Qantas Airways yesterday accepted a sweetened Asll.l billion (5513.3 billion) takeover offer from a private equity consortium in the world's biggest airline takeover. If approved, it will
      AP; Bloomberg; Reuters  -  407 words
    • 609 2 But AG has to make a decision, and cabinet may take a different stand Bloomberg [BANGKOK] Thailand's government is seeking about 98 billion baht (554.28 billion) in fines and 2.2 billion baht in back fees from the iTV television network that
      Bloomberg  -  609 words
    • 495 2 Marina Bay penthouse goes for $28m THE 11,000 sq ft "über" penthouse at Marina Bay Residences last night sold for what is said to have been slightly over $28 million even as some people who had bought apartments in the project earlier this week were already seeking to
      495 words
    • 577 3  -  Committee set up to study issue and guide practitioners By WEE LI-EN [SINGAPORE] Claims by a plastic surgeon to be able to treat stress urinary incontinence have upset established members of Singapore's gynaecological community. A BT report last month featured Martin Huang, executive director
      577 words
    • 402 3  -  By CONRAD RAJ [SINGAPORE] Singaporebased eSys Technologies, one of the world's largest distributors of hard disks, has signed an agreement for a strategic investment of up to $160 million from India's Teledata Informatics, a company whose $210 million worth of assets
      402 words
    • 728 3  -  Some apartment buyers already seeking to cash in By KALPANA RASHIWALA [SINGAPORE] The 11,000 sq ft "über" penthouse at Marina Bay Residences last night sold for what is said to have been slightly over $28 million even as some people who had bought apartments
      728 words
  • Page 2 Advertisements
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    • 8 2 people Corporate matchmakers. www thepeopleatwork.com Asia-Pacific Executive Search
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 504 4  -  Citigroup rates SingTel, SPH, ComfortDelgro as buys with strong cash flows, dividend yields By MATTHEW PHAN SINGAPORE stocks have been riding the wave of sentiment that has lifted Asian equity markets over the past two-and-a-half years. But the local market is now
      Source: Bloomberg  -  504 words
    • 247 4 Company CEO delighted with strong trading debut performance CHEMOIL Energy, which took a second stab to go public on the Singapore Exchange, made its debut yesterday to close at U550,585 at the end of the trading day, up 30 per cent
      247 words
    • 638 4  -  HOCK LOCK SIEW By R SIVANITHY THE Malaysian stock market looks like it's finally stirring after years in the doldrums so far this year, the Kuala Lumpur Stock Exchange Composite Index has risen about 20 per cent, all of which has taken place
      638 words
    • 436 6  -  CapitaLand and Maybank arm to set up US$250m fund Bv PAULINE NG in Kuala Lumpur CAPITALAND'S CapitaCommercial Trust (CCT) has decided to take up 30 per cent of Quill Capita Trust (QCT) the real estate investment trust established in joint venture with
      436 words
    • 487 6  -  Topix-related indices may be licensed to SGX for trading products By SIOW LI SEN INTERNATIONAL investors may soon be able to trade Japanese stock indices and securities on the Singapore Exchange under a tie-up between the SGX and the Tokyo Stock Exchange
      487 words
    • 352 6  -  IPO WATCH By MATTHEW PHAN LOCAL investors looking for exposure to unlisted property trusts invested in North America and Australia may wish to consider Australia-listed MacarthurCook Property Securities Fund, which is making a secondary listing on the Singapore Exchange (SGX). MacarthurCook is seeking to raise
      352 words
    • 191 6 v. 2 RAFFLES Education Corporation will place up to 30 million new shares to investment bank Credit Suisse (Singapore) Ltd to raise net proceeds of up to $47.95 million for general corporate purposes as well as potential mergers and acquisitions. At
      191 words
    • 337 6  -  By CONRAD RAJ THE voluntary offer last week by private equity firm, Affinity Equity Partners, to buy up mainboard-listed First Engineering for $1 a share has now become mandatory, following openmarket purchases by the offeror. The actual offer for the plastics components maker
      337 words
  • Page 4 Advertisements
    • 215 4 CHAMPION Celestial Bay Shiraz 2004 GOLD AWARD WINNERS SXOO f l(Ji'(lf/(/({/(O'/iA M A R Unobk &»d Cm Btoc dc Blanc 19% J Lamun Pere FU* Black Label NV Valdivicoo Chaidonnay Reserve 2003 Wolf Blass Gold Label Chaidonnay 2005 m Fertnoy Estate Chaidonnay 2004 B Margaret River, Australia Villa Maria Private
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  • Page 5 Advertisements
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  • Page 6 Advertisements
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    • 158 6 PENG KWEE 01 -45A PENINSULA PLAZA 6334 0155 02-90K PEOPLE'S PARK COMPLEX 6327 4628 01 -44 PEOPLES'S PARK CENTRE 6533 4619 01-45 BENCOOLEN 6333 1921 01 -46 PENINSULA PLAZA 6334 5929 01-51 ORCHARD PLAZA 6836 6608 01 53 LUCKY PLAZA 6732 3243 0% Interest instalment plan for Credit Cards available
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  • Page 7 Advertisements
    • 828 7 HI Silr p S|' f'f:i A diversified trust providing a broad-based property investment portfolio through a range of mm ijijjjji B|WB|bMmSM• As at 30 June 2006, invests in over 46 funds managed by more than 27 specialist real estate BHH !j-jysiM|{|]§||il investment managers with more than 1,200 underlying properties under
      828 words

  • Page 8/9 Advertisements
    • 212 8/9 j Sentosa is fast becoming the region's top hotspot with the growing number of thrilling global attractions. ,I^'f VTlll#M^ e titiS6SSnSEß!!^ f^3Pfli^^*lll^lßHß ,^*"T On the eastern end of Sentosa island lies Sentosa Cove, sparklinq as the world's most desirable fJllfc. J^SfiSfefe. address, and richly sought-after with its collection of 2,500
      212 words

  • COMPANIES: CHINA STOCKS
    • 709 10  -  Out of 25 stocks in the market capweighted index, 8 saw prices fall Reports by JEAN CHUA SINCE the Prime Partners China Index went live on Oct 2. it has done pretty well. Of the 25 stocks in the market cap-weighted index. only eight have
      Source: Bloomberg  -  709 words
    • 338 10 Successful pilot may see its systems spread across China SINO -ENVIRONMENT Technology Group is going to start a 10 million yuan (Ss2 million) pilot project which could see its waste gas management systems deployed across China by the world's biggest maker of shipping containers. Sino-Environment
      338 words
    • 4996 10 UNIT TRUSTS FUNDS A8img»*tsBuso 2a* AB taw Income AT SGO 1346/ AB Amer Income BT SGO 13.V AM Amro Asset Mgt (S pore) A8 Amcv Income AT USO 873/ SiarEuopeSiflr'** 1 04* AB Aim krone BT USD 1W Start dope Bond 121V AB Amer Income A USD 873/ StartuopeBal 1245/
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  • Page 10 Advertisements
    • 35 10 |tr You can now use your CPF savings to invest in AllianzGl Global Allianz (jfi) Hiqh Payout Fund. Visit our appointed distributors for more details. Global investors w J I I company no *****7169Z f >»
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  • Page 11 Advertisements
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  • SINGAPORE MARKETS
    • 529 12  -  STOCKS Region's firm trading sparks interest in blue chips; low-priced stocks in play among second-liners R SIVANITHY Senior Correspondent A FIRM session for most markets throughout the region yesterday resulted in a surge of interest in local blue rhips. driving the Straits Times
      Source: Bloomberg  -  529 words
    • 1110 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Dec 14 and earlier) SubuntUI No of Price SHAREHOLDING Tram Shareholder 1 (vy/ Share* Nr Before A ft or Stock Date Director Sel 000 She > 000) OOP Asia Enterprises 13Dec-06 ChongThim Pheng Buy 503 na ***** 9 92 ***** 10
      1,110 words
    • Article, Illustration
      933 12  -  Compiled by MATTHEW PHAN Fraser and Neave Dec 14 dose: 554.50 CITIGROUP RESEARCH. D«c 13 Temasek takes 14.9 per cent stake in F&N: Temasek is keen to expand its F&B exposure in the region and sees F&N as a vehicle with a strong F&B presence in region. The
      Source: Bloomberg  -  933 words
    • 543 12  -  CURRENCIES LARRY WEE Senior Correspondent AN UPBEAT US retail sales number for November bought the US dollar a nice breather against its major counterparts overnight. but it was a tale of some quite contrasting outcomes closer to home in Asia. For at
      Source: Reuters  -  543 words

  • COMPANY NEWS
    • 454 13  -  But half-year profit drops 18.9% to $8.2m over forex loss, higher costs By OH BOON PING PUBLISHING and education group Popular Holdings yesterday reported a 9.4 per cent rise in net profit to $1.18 million on sales of $90.8 million for the
      454 words
    • 297 13  -  By CONRAD RAJ DEMAND for oil is keeping rig builders busy, with Keppel Singmarine (KepSing) clinching an order for a $135 million floating storage offloading system (FSO) unit for Russia's zhnevolzhskneft, a subsidiary of Lukoil Oil Company. The 28,000 tonne FSO is a new
      297 words
    • COMPANY BRIEFS
      • 122 13 EDUCATION provider Auston International is being sued for breaking an employment contract by Ng Swee Hua, the former managing director of its wholly owned subsidiary Auston Institute of Management Technology (AIMT). Auston International said yesterday that Mr Ng, who is also a director of
        122 words
      • 51 13 COAL miner Straits Asia Resources said sales figures have hit U5572.38 million in the third quarter. This has resulted in a net profit of US$9.4B million. Straits Asia also said it is on track to achieve its best-ever coal sales of 3.5 million tonnes this
        51 words
      • 73 13 ASCOTT Residence Trust has entered into conditional sale and purchase agreements with Coral Holdings and Sparkle Limited to purchase an effective 26.8 per cent stake in Saigon Office and Serviced Apartment Company (SOSACL), the owner of Somerset Chancellor Court in Ho Chi Minh City, Vietnam,
        73 words
      • 39 13 MAPLETREE Logistics Trust Management (MLTM), manager of Mapletree Logistics Trust, says the trust has signed put-and-call option agreements to buy two warehouse-cum office properties in Singapore for an aggregate acquisition price of $35.1 million.
        39 words
      • 77 13 SMRT Corp has launched $200 million of notes under its $500 million multi-currency medium-term note programme, the company said. The proceeds will be used to refinance the existing $250 million of 3.41 per cent bonds. The $200 million note issue comprises $100 million of three-year
        77 words
  • Page 13 Advertisements
    • 196 13 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 SINGAPORE CHI CHENG PTE LTD (Co. Reg. No. *****2721Z) CAPITAL REDUCTION EXERCISE At an Extraordinary General Meeting of the Company deemed to be held on 13 December 2006, the following special resolutions were duly passed:That pursuant to the Company's Article
      196 words
    • 448 13 IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF ASIA CABLE TV PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) (COMPANY REG N0.*****5824D) Mnnrt of BFsni irnoNS AT an Extraordinary General Meeting of the members of the above named Company duly convened and beld at 88 Jian
      448 words
    • 87 13 yp- |g, BBP v B^BB^^^B^^^Bi a S* <*•* ffBBB^HBBBB V«iiJ A i I r FE *«oft IfM [71 HBf •>• j 3MPORs§» IBBKi^^B^^B^H^^BU S^HHBBHH #S§ i i wL,^^^^^B^Bß^B ibices Jr our holiday The grandprize includes airfare and a 5-night stay at new Millennium Hotel, |B| Shanghai. Other I, ,1 For
      87 words

  • THE CFO INTERVIEW
    • 1519 14  -  What's after Ho Bee's sought-after Sentosa Cove waterfront projects? Plenty, going by the group's track record, executive director Desmond Woon tells KALPANA RASHIWALA KALPANA RASHIWALA FROM the time that Ho Bee Investments was listed on the Singapore Exchange in 1999 to November 2004 when it
      ARTHUR LEE  -  1,519 words
  • Page 14 Advertisements
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    • 41 14 HARK, THE FESTIVE ANGELS R«volvln| RetUurtnt Celebrate this Christmas among the stars as you marvel at the ever-changing panoramic view at Top of the 'M', Singapore's first and highest revolving restaurant. Scrumptious set menus start from $98 MERITUS www.mandarin-stngapore.com "51^ N
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  • Page 15 Advertisements
    • 655 15 Enjoy attractive STRUCTURED FINANCE FUND A. BABCOCK BROWN STRUCTURED FINANCE FUND LIMITED f I I I f T f Mfi '.1 (a mutual fund company incorporated with limited liability in Bermuda on 24 April 2006) ItrlUlllo lIUIII a diversified portfolio of structured finance Cl 4*^^ assets! Offering 323,460,000 shares ("Offering
      655 words

  • SINGAPORE NEWS
    • SINGAPORE ROUNDUP
      • 63 16 SINGAPORE'S avoidance of double taxation agreement with Brunei came into effect yesterday. The agreement will apply to all types of income earned from Jan 1,2007 and is expected to promote greater cross-flow of trade, investment, technical know-how and expertise. The full text of the agreement
        63 words
      • 107 16 THE Land Transport Authority (LTA) is to build a two-lane vehicle viaduct running along Cross Street from Raffles Quay to the east of China Street to minimise the impact of the construction of the Downtown Extension (DTE). There will be up-ramps to the viaduct at Central
        107 words
      • 63 16 SINGAPORE and the World Bank have signed a Memorandum of Understanding (MOU) for collaborative programmes in human resource development in Africa. The MOU—which came into effect yesterday—will see Singapore and the World Bank jointly conducting technical training courses and study-visit programmes for government officials from
        63 words
    • 424 16  -  Govt approves recreational uses for former govt chalet site By VINCENT WEE CHANGES are afoot on rustic Pulau Übin as the Singapore Land Authority (SLA) calls for its first tender for state property on the island. The property, which used to be
      424 words
    • 450 16  -  By ARTHUR SIM OVER $4 billion worth of office assets have been transacted so far this year, more than double the value of deals done in 2005, with many of the significant acquisitions made by real estate investment trusts (Reits). According to
      450 words
    • 384 16  -  By OH BOON PING SINGAPORE will recruit more healthcare professionals and expand the number of private hospitals to help meet its target of treating orte million foreign patients a year by 2012, the government said yesterday. "We are gearing up for the
      384 words
    • 415 16  -  By MATTHEW PHAN SIEMENS Water Technologies is planning an Asia-Pa-cific research centre for water technologies in Singapore, making it at least the third water-indus-try multinational this year to set up a regional base in the republic. In September, GE Water announced it would
      415 words
  • Page 16 Advertisements
    • 221 16 jgHIB "A good businessman must possess the courage to take on fi new challenges and calculated risks, Bf 9 and the determination and stamina B 1 to move on despite setbacks. On top B S of that he must possess the ability m. I to muster staff support and B
      221 words

  • ECONOMY WATCH
    • 597 17  -  Stanchart doesn't agree, and says it sees no justification for a crisis By NEIL BEHRMANN in London THE world's pension-fund and insurance companies are putting themselves at risk by pouring money into Asia and emerging markets, the European Central Bank (ECB)
      597 words
    • 557 17 US urges lift oh yuan's value to help preserve nations' trade ties Bloomberg Reuters [BEIJING] Federal Reserve chairman Ben Bernanke told Chinese policy makers that a stronger yuan would be good for their country, US Labour Secretary Elaine Chao said yesterday. Ms Chao
      Bloomberg; Reuters; REUTERS  -  557 words
  • Page 17 Advertisements
    • 94 17 mht jmmmmbmmmP' *hjijh«pw; JHHHMHI JH| g||f H ,^p.;:%.- J|^^H^BH| La _k r I i jfgßßf iH^HBGm HHhK< 9 ,jHS ■H| Hr|r i 4r F jIA .jtejf jMtt II Jb F Mwm& H i fl j(P®* gk gflP KJp WgBL ...j; Bfe It X" V^fc^y| iffiiif J^ft-'-Season's Greetings Clifford Chance would
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  • MALAYSIA/INDONESIA
    • 558 18  -  Concessionaires need to be compensated RM2.59b: govt By PAULINE NG in Kuala Lumpur MALAYSIA has announced an increase of up to 60 per cent on five tolled roads around the Klang Valley beginning Jan 1, in a move that is
      NSTP  -  558 words
    • 252 18 AFP [KUALA LUMPUR] Malaysia has spent RMII billion (Ss4.B billion) in the past five years bailing out ailing companies including Malaysia Airlines, according to a report yesterday. The operation from 2001 saw the government rescue seven companies and their key projects, which ran
      AFP  -  252 words
    • 178 18 Reuters {KUALA LUMPUR] Stock exchange operator Bursa Malaysia loosened some restrictions on listed firms yesterday, announcing rule changes designed to speed up equity issues and cut disclosure costs. The changes to the listing rules are part of Bursa's goal to become a
      Reuters  -  178 words
    • BRIEFLY ASIA
      • 63 18 Bloomberg [TOKYO] Indian Prime Minister Manmohan Singh called on Japan to increase investment in his country, saying the world's second-biggest economy was trailing China in recognising opportunities in the South Asian nation. Dr Singh, in Tokyo for a four-day visit, is pressing
        Bloomberg  -  63 words
      • 79 18 AP [BEIJING] The pace of China's spending on real estate and other fixed assets jumped in November despite official controls meant to slow an investment boom that economists worry could ignite a financial crisis, according to data released yesterday. Urban fixed-asset investment grew by
        AP  -  79 words
      • 75 18 Reuters [SHANGHAI] Chinese television maker Sichuan Changhong Electric Co Ltd has acquired a majority stake in Orion PDP Co Ltd, a South Korean flat-panel display maker, for U5599.9 million, a government website said. Changhong affiliate Century Shuanghong Display Devices Co Ltd had acquired
        Reuters  -  75 words
      • 73 18 AFP [BEIJING] China will launch an audit campaign to scrutinise pension funds under local authorities' control following a recent US$4OO million scandal in Shanghai. The campaign is aimed at preventing a repeat of the graft scandal in Shanghai, which involved officials misusing the
        AFP  -  73 words
      • 42 18 Bloomberg [BANGALORE] Reliance Communications Ltd, India's second-largest mobile phone operator, is seeking a US$l billion loan, bankers with knowledge of the deal said. Lenders are bidding for the mandate to arrange the loan, said the bankers. —Bloomberg
        Bloomberg  -  42 words
      • 58 18 AFP [SHANGHAI] Chinese insurance giant Ping An, already listed in Hong Kong, is planning an initial public offering (IPO) in Shanghai in the first quarter of 2007. Ping An Insurance, China's second-largest life insurer, planned to sell 1.15 billion shares on the
        AFP  -  58 words
    • 461 18 Bloomberg [JAKARTA] Mutual-fund assets in Indonesia will probably rise for a second year in 2007 as falling interest rates make bank deposits less attractive to investors, PT Fortis Investments and PT Mandiri Manajemen Investasi predict. "Lower rates will make people try to find
      Bloomberg  -  461 words
    • 2259 18 vol Gamuda 4.78 0.10 2027 Dec 14 10* W- COOO) General Corp 0*5 unch 75 Genting .32.50 -0.50 1139 A 4 M Realty 1.33 -0.03 32 George Kent *58 unch 5 Abric *32 unch 52 GHLSystems 0 23 -0.01 3134 ACP Industries 1-21 unch 435 Globetronics Tech ......029
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  • Page 18 Advertisements
    • 222 18 Therapeutic Breathing RESPeRATE breathing exercises help manage blood pressure. No Drugs WHAT IS RESPeRATE? RESPeRATE is a portable, computerized electronic device No Side Effects that guides you through a series of interactive, therapeutic No Therapist breathing to help manage blood pressure. pnA Annrnved The built-in sensor automatically analyzes your breathing
      222 words

  • SENSE AND SIMPLICITY
    • 1042 19  -  The URA unveiled a masterplan to light up the city last month. MINT KANG walks you through its projections and explains how it will plug the Singapore night skyline into the electric map of global metropolises like London, New York and Paris MINT KANG LIGHT is
      BLOOMBERG  -  1,042 words
    • 308 19 HOW does the promise of an enhanced nighttime experience go down with the typical heartlander? Are the lights only for the cameras? What about action, or rather, interaction? The Goh family, from Serangoon Avenue 3, did not have a clue about this grand plan, until last Saturday.
      308 words
    • 489 19 A KEY feature of the Urban Redevelopment Authority's masterplan is for the traditional yellow street lighting in the Central Business District (CBD) to be replaced by white light. A decade ago, such a proposal would have been dismissed by city planners. The reason: white light
      489 words
    • 423 19 GOOD lighting design is not just about flooding a space with light. It involves the integration of lighting and architectural elements, to provide viewers with a three-dimensional experience that is attractive without being intrusive to the vision. So say the experts behind URA's Lighting Up The City
      423 words
  • Page 19 Advertisements

  • ASIA-PACIFIC/WORLD
    • 577 20 Officials warn that private equity firms may not be vigilant enough to risks AFP (LONDON] The multi-bil-lion-dollar takeover of Australian airline Qantas yesterday underlines an increasing trend by cashrich investment funds to snap up established companies. At the same time, finance officials are warning about
      AFP; AP  -  577 words
    • 383 20 LATEST US DATA Reuters (WASHINGTON] US import prices posted a surprising 0.2 per cent rise in November even though oil import prices fell. Analysts polled by Reuters were expecting import prices to stay unchanged. US Treasury debt prices fell and the US dollar
      Reuters  -  383 words
    • 445 20 They want tougher fuel standards and push for biofuels NYT [WASHINGTON] More than a dozen prominent business executives and retired military officers including the chairman of FedEx and a former commandant of the Marine Corps are lobbying Congress and the White
      NYT  -  445 words
    • 265 20 Bloomberg [NEW YORK] NYSE Group will complete its planned purchase of Euronext NV "towards the end" of the first quarter and may consider expanding in Asia next, chief executive officer John Thain said on Wednesday. NYSE Group and Euronext shareholders are scheduled to
      Bloomberg  -  265 words
    • 383 20  -  By ROLAND LIM JAPANESE chemical and electronics manufacturer Showa Denko KK said that it will invest 60 billion yen (Ss7B6 million) over the next three years in its second hard disk media plant in Singapore which opened yesterday. The new plant at
      383 words
    • WORLD WATCH
      • 63 20 AFP [TOKYO] Electronics and energy giant Toshiba Corp is selling its entire stake in Japanese label Toshiba EMI to British partner EMI Group, saying that music was no longer relevant to its business. Toshiba said yesterday that it would sell its stake for
        AFP  -  63 words
      • 46 20 AFP [GENEVA] Swiss food giant Nestle said yesterday that it had acquired the medical nutrition business of pharmaceuticals major Novartis for US$2.5 billion. The acquisition is expected to be completed in the second half of 2007, pending regulatory approval. —AFP
        AFP  -  46 words
      • 75 20 Bloomberg [NEW YORK] Bank of America Corp (BOA) chief executive officer Kenneth Lewis said he is in no hurry to make an acquisition in Europe, damping speculation that the second-biggest US bank is considering a bid for Barclays pic. "We never say never, but
        Bloomberg  -  75 words
      • 71 20 Reuters [NEW YORK] Citigroup Inc said on Wednesday it agreed to acquire Central American commercial and retail bank Grupo Cuscatlan forUSsl.sl billion in cash and stock to further expand in Latin America. Grupo Cuscatlan is based in El Salvador and has operations in Guatemala,
        Reuters  -  71 words
  • Page 20 Advertisements
    • 78 20 > Aiada ty<zlleiy [7 THE HOUSE OF PAINTINGS flf Proudly presents X CHAS& CHASFf Jiang Shuo and Wu ShaoXiang Sculpture Exhibition Grand Opening 16 th Dec 2006 at 3pm Exhibition till 31 st Dec 2006 Artists will be present on the first 3 days of exhibition Treasure From The Torso
      78 words

  • GREATER CHINA
    • 512 21  -  By SAMUEL EE in Hong Kong THE Peninsula hotel experience begins the minute a guest enters the car, declares Michael Kadoorie, chairman of the Hongkong and Shanghai Hotels, which operates the luxury chain. And the car he is referring to is, of course,
      AFP  -  512 words
    • 393 21 It may raise up to US$3 billion on HK bourse after govt capital injection [HONG KONG] State-owned lender China Everbright Bank is likely to speed up its planned listing in Hong Kong after receiving a boost to its balance sheet from
      393 words
    • 261 21 Situation due to huge sums of foreign currency held by banks AFP [BEIJING] China's three largest stateowned commercial banks have suffered exchange losses of hundreds of millions of dollars as the local currency continues to rise in value, state press
      AFP  -  261 words
  • Page 21 Advertisements
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  • MIDDLE EAST
    • 485 22  -  Its 188-ha Tijara Town project in Dubailand aims to attract SMEs By CLARENCE MICHAEL in Dubai WORK has begun on a sprawling freehold master development here at a cost of US$l.63 billion, and will be aimed at small and medium enterprises. Dubai
      485 words
    • 178 22 AFP [LIVERPOOL] Liverpool FC are not expecting to be handed a blank cheque in the event of the proposed Dubai takeover of the club, according to its chief executive, Rick Parry. Accountants for Dubai International Capital (DIC), the investment arm of
      AFP  -  178 words
  • Page 22 Advertisements
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  • AVIATION
    • 682 23  -  COMMENTARY Protectionist measures shoring up airline will come under scrutiny VEN SREENIVASAN Senior Correspondent IT now looks like the US$ll billion takeover of Qantas may go through after all, with the airline changing course yesterday and recommending acceptance of an offer of
      BLOOMBERG  -  682 words
    • 350 23 NYT [NEW YORK] Jetßlue Airways, trying to improve its appeal to travellers and cut costs in one move, said on Wednesday that it planned to remove a row of seats from all 96 of its Airbus 320 planes, giving the front 11 rows
      NYT  -  350 words
    • LOG BOOK
      • 115 23 Bloomberg [TOKYO] All Nippon Airways Co (ANA), Japan's second-largest carrier by sales, expects costs for jet fuel to rise by about 24 per cent next fiscal year as hedges run out. Costs for fuel will rise by about 45 billion yen (*****.7 million)
        Bloomberg  -  115 words
      • 101 23 AP [HONG KONG] Hong Kong Dragon Airlines Ltd has said it will join the oneworld global alliance a move that will give the flight network much-needed access to over a dozen additional cities in China's booming market. There has been intense competition between oneworld and
        AP  -  101 words
      • 89 23 AFP [SINGAPORE] Tiger Airways will launch an extra flight to Darwin from June 2007, increasing the airline's flight frequency to the Australian city to five times a week, the Singapore-based budget carrier said yesterday. With the extra flight. Tiger Airways will offer
        AFP  -  89 words
    • 719 23 Restructuring at Airbus poses pressing challenge AP [PARIS] Airbus, poised to fall behind US rival Boeing Co in orders for the first time in six years, must be wishing 2006 was already history. But the coming year may not be much easier for the
      AP  -  719 words
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  • Page 23 Advertisements

  • EDITORIAL & OPINION
    • 505 24 EDITORIAL SINGAPORE sporting history was created at the ongoing 2006 Asian Games in Doha when the Republic hit its ambitious target of eight golds three more than its previous best with days to spare. The feat has reignited visions of
      505 words
    • 700 24  -  THE BOTTOM LINE AL LABITA Manila Correspondent IS the Philippines back on the elusive radar screen of Singaporean investors? It appears to be so. After years of lying low following the crippling 1997 Asian currency crunch, Singaporeans or Singapore-linked companies are making waves
      700 words
    • 834 24  -  It seems they are commissioning advertisements that are turning prospective clients off By MARK GILBERT Bloomberg Mj OW do the world's I biggest investment banks view themselves and their clients? The following examples are culled from the glossy, full-page advertisements H that adorn the
      Bloomberg; BLOOMBERG  -  834 words
    • 1156 25  -  LETTERS TO THE EDITOR Martin H S Huang MBBS M Med Surg (Sing), FRCS (Glasg), FRCS (Ed), FAMS (Plast Surg) Executive Director and Consultant Plastic Surgeon The Cosmetic Surgery Clinic, Pacific Healthcare Holdings Ltd I REFER to the the letter entitled
      FILE PHOTO  -  1,156 words
    • 218 25  -  Tan Lye Huat CEO, HIM Governance Singapore IN THE article "Call to disclose pay of listed firms' key staff" (BT, Dec 13) Tan Lay Hong is correct in her assertion that greater disclosure is needed with regards to executive remuneration. This disclosure should include the
      218 words

  • Page 25 Advertisements
    • 2628 25 C° Compact COMPACT METAL INDUSTRIES LTD Company Registration Number: *****0009H (Incorporated in the Republic of Singapore) (the "Company") NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at 120 Pioneer Road #01-03 Singapore *****7 on 30 December 2006 at
      2,628 words

  • SHIPPING
    • 795 26  -  SeaAsia will showcase Asian talent resources and expertise By GEORGE JOSEPH [SINGAPORE] Singapore will attempt its biggest maritime show ever in April next year with the inaugural Sea Asia event, a new entrant to the exhibition scene here which will give the incumbent Asia
      795 words
    • 301 26 SGX '000 Dec 14 S$ Vol CH Offshore 0 44 unch 1104 Chuan Hup 0.32 unch 370 Cosco Corporation 2.16 0.05 8611 CWT Distribution 0.60 -0.01 46 Ezra Hldgs 3.74 0.02 145 Freight Links 0.07 unch 892 Grand Banks Yacht 0 87 unch 38 Jaya Holdings 148 -001
      301 words
    • 283 26 Bloomberg [LONDON] European Commission (EC) rules banning pricing alliances between shipping companies may trigger "price wars" and mergers among container lines, Clyde Co said. Operators such as A.P. Moeller-Maersk A/S, the world's biggest shipping company, and Hapag-Lloyd AG will no longer be
      Bloomberg  -  283 words
    • 49 26 [SYDNEY] A replica of the Dutch ship 'Duyfken' sailing through the harbour here on Wednesday. The 'Duyfken' has made a 12.000-kilometre voyage to commemorate the 400 th anniversary of the first documented European contact with Australia, which occurred at Queensland's Cape York in 1606. AP
      AP  -  49 words
    • 316 26 Bloomberg [SINGAPORE] Pusan Newport Co, which counts Dubai's DP World as one of its major shareholders, will start operating three more berths next year in South Korea's Busan as the world's fifth-largest port tries to attract more business. The new berths, which
      Bloomberg  -  316 words
    • 879 26  -  ADMIRALTY CASEBOOK By SELVA KUMAR A CANADIAN appeals court has rejected a bid by a ship owner and its charterer to blame their shipping agent for the compensation they had to pay to cargo interests for negligently causing damage to a cargo
      879 words

  • 10195 27 SGX MAINBOARP S2-WV Td Last Vol Day Last Quote Dtv GrYM Net MCap High low Cod* Company Sal* W- rOQO) HI0» low Buyor Sdter Cvr fit Smll 3.5 1 5716 1st Software 3 unch 101 3 2.5 2.5 3 12.1 11.5 6 3148 BTelecom 9 unch 310 9
    10,195 words

  • 5624 28 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local cut In SS In US$ dy jrr dy yr dy %y» 0*c 13 Wdw O-yqi- Chj.'-yt Cringe Chang* Q>fg« WotU tndei PrrNitnmarj ***** 02 124 -0,1 8.5 02 172 »Mff Preliminary IM5 04 IIJ 01 111 03 g.1 Europe Prtfminary *****
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  • Page 29 Advertisements
    • 1732 29 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DD SUCCESS RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia E/w Ma aysici/ Indonesia MIDDLE-EAST SERVICE F.EJS.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 OTHER
      1,732 words
    • 764 29 ItWTIKASU KOtO SWVKi vßsa/vor ramppct) hbghum) m roj 10 sjn mt straits express* 4 15/11 M/ 12 ORCHID EXPRESS 17 50 4.5 23/12 26/12 OKtMID EXHtESS t3 50 4.5 28/12 30/12 [AUSTRALIAN KOKO SIRVICt j vtssa/vor \umm\ hbohtwl la I a I i sn> m m re jkt sw lo
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  • Page 30 Advertisements
    • 1636 30 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/R VrrA iifiu M 1..« TEL *****588 (14LINES) FAX:*****163 V\MA > WAN HAI I INF\ G ,omw Service/Bookings Direct Lite (1800) *****200 Y 111 "Wll lIMI LIIILJ W IB: (03) *****888 NUb (03) *****218 PWIH: (04) *****00 FAX: (04)*****99 Y AH IB: (07)
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    • 1366 30 EASTERN CAR LINER, LTD 1 SPECIALIZE IN RORO HEAVY UFT UPTO 450 TONS IKTRA-ASIA SERVICE VOY Roapl UHteg I SIN TPP I NUN) I PKKW) I PNN JKT I SUI LCB j MHtl ITU KOTA KINAIAUJ NOZOMI 11 50 TW 20/12 IW 25/12 21/12 AsiainnM6» :~1 SB 122/121 K7TC 21/12
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    • 861 30 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vissa I VOT I sw pjoangT COLOWIO N. SHm cocowto LAI lAHAMM OIIW 12 DK 13 DtC I6DK 19DK ?3 DK ■WjgWM THgW HDK am 23 DK 2tPK 30 DK HOWWH 005W» I 26Ott ?7DtC 30KC O?JAW
      861 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6884 31 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyye Telephone SIN Oesfn Name We Hl—btr Wuwlur SM Dest n Name Name Number Number ''v: y J 1 11/01 10/02 China Shpg MERIAN 040A *****698 To ABIDJAN (ABJ) 2003 Cote D'lvoire 18/01
      6,884 words
  • Page 31 Advertisements
    • 512 31 IRISL, (fib® fa) Qfh® S&3&, j GGlPgfs) (&D MW ©0 tefcgj Q® SujlkjijodJ Sod ®s os fts> (SoQJ&> (s&ntmMm to 0&© $@3Q®3i) ftramito Otism* SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: Ipic Asia pre |Tn SINOSE MARITIME PTE LTD BOUSTEAD SHIPPING AGENCIES SDN BHD PT
      512 words
    • 435 31 Tf7TT~ ffc■JßVm IW7S JS7TI JT7TS PKWTAM 9371 1*71? WM mammy* i ma m Wm hi urn* wt? JT7TI wfti [miAHM Wm ww h/i; ntmn ww or/fli 09/01 VBSU VOY SM PKU VtSSU VOY SIN PNK HfWr H5555 JS7TC H7TC rACUNOA 55H 5571? 257T2 "7KTDRT PW3SI Vfm JT7TI HCIkHCKA STTS 1570
      435 words
    • 289 31 CONVENTIONAL SERVICE ETA SIN LOADING FOB 23 DEC DUBAI, DAMMAM, KUWAIT 30 DEC MALE, COLOMBO 30 DEC CHENNAI 04 JAN SHARJAH, DAMMAM, DOHA, KUWAIT 06 JAN BOMBAY r^irORVNAVMTIONGROUPI II swa H7O OWNS OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFK PORTS a
      289 words


  • WINE
    • 922 33  -  N K YONG gives his wish list for the wines that best go with the festive mood N K YONG IBM's motto is, or used to be, KISS as in, Keep It Simple, Stupid. It is a motto that applies aptly to all life's activities and
      922 words
  • Page 33 Advertisements
    • 771 33 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUY IT- SELL IT- FIND IT IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF VANDASHIMA (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration No. *****4118H) NOTICE OF MEMBERS' VOLUNTARY LIQUIDATION Notice is hereby given that at
      771 words
    • 296 33 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SUMPILES INVESTMENTS PRIVATE LIMITED (IN LIQUIDATION) (Company Registration No. *****1265 C) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the members
      296 words
    • 747 33 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TATA TECHNOLOGY INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 5 Shenton Way, #22-08 UIC Building, Singapore *****8, on 12th December 2006 the following
      747 words
    • 704 33 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KELLOC DEVELOPMENT PTE LTD. COMPANY REGISTRATION NO: *****4600 D (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN m piquant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of the Members of
      704 words
    • 977 33 •Herman Miller eames find out why this lounge chair ottoman remains a favourite after 50 years www.hvrmanmiHwr.com/MmMloung* usual $9408 •xcluwvaty «»»itott« «t SBESx X tra living Xtra vivo :< support Mthentlc designs EjES! 9 penang road 01-01 park mail 1 haboorfront walk 02-12 vivo city I SnHH ***** 0888 a
      977 words
    • 525 33 IN THE MATTER OF THE MYANMAR GROWTH FUND LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****0125R NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members of the abovementioned Company will be held at One Raffles Quay,
      525 words
    • 657 33 In The Matter Of The Companies Act Cap. SO And In The Matter Of Beverly Hills Vintage Collection Company Reg No. *****1628 C (In Members' Voluntary Liquidation) Members' Voluntary Winding Up At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 1 Scotts
      657 words

  • BOOKS
    • Article, Illustration
      1345 34  -  There are ample titles to suit all tastes and preferences. PARVATHI NAYAR checks out what's available at the stores PARVATHI NAYAR m m EADING is one of the mm 1 best disciplines I know m of to stay 'on your game' and at your highest." So says
      1,345 words
  • Page 34 Advertisements
    • 151 34 M: K I I G Br v v 4 HBnffiE Singapore's most stylish and beautiful Sunday Brunch just J| J pi keeps getting better. Discover why It's the only place to be m m f* m tor brunch... and discover al fresco adventures and buffet mM m \m* .4k fli
      151 words

  • PURSUITS
    • 547 35  -  The characters and the story are competent rather than memorable, says PARVATHI NAYAR PARVATHI NAYAR I I k 0 dragons" is a I I wonderful expression ■""■"■i attributed to early mapmakers, who used it I when referring to unexplored lands that might hold unimaginable dangers.
      547 words
    • 483 35  -  NIGHTSPOT By MELISSA LWEE PARTYGOERS are in for a treat this weekend at Clarke Quay. One year after Lifebrandz introduced the popular nightspot Ministry of Sound to Singapore, the listed company is planning to open a range of bars and restaurants to accompany
      483 words
    • 316 35  -  By PARVATHI NAYAR THE Holiday, by writer-director Nancy Meyers (Something's Gotta Give. What Women Want), is such a happy overload of the delicious fluff factor, it's hard not to buy in. Word of warning, though: it's definitely not for those who get toothache with
      316 words
  • Page 35 Advertisements
    • 116 35 Celebrate the season of Peace fa J J~^ope Spread the cheer of the season and invite the Christmas spirit into your home with J} Barang Barang. There are heartwarming gifts for the whole family with cuddly toys and stylish leather boxes to luxurious leather recliners and Zen styled tatami products.
      116 words
    • 39 35 w |L m v .ik mm M Am SBHL Mjfr ~£r ''33m£ OFFICIAL RE-OPENING on selected items only 16 th Dec till 24 th Dec 2006 Daily From 10am Bpm Sunday From 10am 6pm #01 -23 Parkhouse Singapore *****5
      39 words
  • Page 35 Miscellaneous
    • 348 35 CRYPTIC CROSSWORD 3 Farm worker showing eleAC OS gance ahead of the wom--7 To get cure, cooked a veg- an with diamonds! (8) etable (9) 4 Allure of a Thailand region 8 Individual getting rid of last (7) son has a big problem (5) 5 Sandy finishing in this ath--10
      348 words

  • executive lifestyle
    • 1352 36  -  CHEAH UI-HOON looks at how some Christian entrepreneurs remember the 'Christ' in Christmas CHEAH UI-HOON ALFRED Wong's work takes on a jollier hue during Christmas. The founder and managing director of Noel Gifts International Ltd is. like Santa, in the business of gift-giving after all. But
      1,352 words
  • Page 36 Advertisements
    • 154 36 Get a FREE companion ticket on Gulf Air when you charge with MasterCard SINGAPORE TO Sydney London Bahrain Dubai Doha Muscat First Class SGD 8,380 SGD 10,114 SGD 7,802 SGD 7,224 SGP 7,224 SGD 7,224 Business Class SGD 5,316 SGD 6,996 SGD 5,512 SGD 4,576 SGD 4,576 SGD 5,512 Offer
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    • 21 36 ft*# BOOKS :(*< t' Give a book fi I for Christmas mm*ls<fwiwwm PG 34 SCTN 60DIN Off the Cuff returns next week
      21 words