The Business Times, 21 December 2006
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2006-12-21
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The Business Times
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Title Section23 2006-12-21 1 THE BUSINESS TIMES mmmth ANNIVERSARY 3b SINGAPORE 85 cents online at .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Thursday, December 21,200623 words
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Article, Illustration199 2006-12-21 1 ARTHUR LEE - By ARTHUR LEE [SINGAPORE! There's nothing like the real thing. So this season, Pan Pacific Hotel is having what is probably Singapore's tallest real tree for Christmas. Standing at 28 feet and smellingrefreshingly of pine, the tree is about 30 years old. It was orderedARTHUR LEE - 199 words
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Article, Illustration542 2006-12-21 1 LARRY WEE - By LARRY WEE [SINGAPORE] As the Thai markets staggered back to normality yesterday after Tuesday's extraordinary day of turmoil and dithering, currency traders warned that issues of policy credibility could continue to weigh heavily on the Thai baht. Despite yesterday's turnaround in the fortunesSource: Reuters - 542 words
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Article, Illustration862 2006-12-21 1 MATTHEW PHAN - More support service providers pitching their services here as assets under management rise to US$10b By MATTHEW PHAN [SINGAPORE] Singapore is understood to have lured at least 150 hedge funds with some US$lO billion of assets under management to set862 words
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Advertisement15 2006-12-21 1 Bizrr Wincor targets 20% growth in Asia-Pacific PAGE 25 BIH Market* Dtgeet on Page 415 words
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Advertisement30 2006-12-21 1 IB n aviation lUfl USsl.33b SilkAir-Airbus deal inHH PAGE 16 iT fl kh >fMrrwimni-aimgiMiwiiwiT«-ym«ryif^MyiimMriiw j aniTrnTitiiMtirit *r-"r |B fl ■B A fl ■HH B M i H x _^H| ON30 words
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Advertisement10 2006-12-21 1 ISETAN January EGM to vote on independent directors PAGE 510 words
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TOP STORIES
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Article, Illustration913 2006-12-21 2 KALPANA RASHIWALA - More office hotel sites may go on offer in H1 next year GOVT LAND SALES 2007 Ministry seen continuing with Reserve List system as mainstay By KALPANA RASHIWALA (SINGAPORE] The widely watched Government Land Sales (GLS) programme for the first half of 2007 could see more office and hotel sites913 words
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Article561 2006-12-21 2 Surge in tax revenue set to slice Japan's new debt A SURGE in tax revenues will allow the Japanese government to improve its budgetary position significantly in the current fiscal year to next April and to cut issuance of new bonds by a record amount next year. But561 words
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655 2006-12-21 4 ANTHONY ROWLEY - But draft Budget still shows challenges of ageing population, burden of old debt By ANTHONY ROWLEY in Tokyo A SURGE in tax revenues will allow the Japanese government to improve its budgetary position significantly in the current fiscal655 words
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Article, Illustration472 2006-12-21 4 KELVIN HAN - By KELVIN HAN [SINGAPORE] More than $20,000 was raised this year at The Business Times' annual Christmas party and auction held on Tuesday. While it poured all day outside, inside the SPH auditorium, invited guests and BT journalists spread some festivePHOTOS: YEN MENG JIIN - 472 words
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658 2006-12-21 4 CHUANG PECK MING - By CHUANG PECK MING [SINGAPORE] Construction workers seem fitter than healthcare staff. Fewer than a third 28.6 per cent of the employees in the construction sector went on MC last year, the smallest number among workers in Singapore, according to the Ministry of Manpower's658 words
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Article130 2006-12-21 4 sn 2,920.83 (+23.53) ST INDEX FUTURES 2.921.00 (+25.00) stMsa 355.17 (+2.16) SIMSO FUTURES 356.70 (+3.50) MARKETS W«dn*sday Chang* KLCOMP 1.***** +15.94 NIKKEI 225 17,011.04 +234.16 HANG SENG 19,240.12 +275.57 SET INDEX 691.55 +€9.41 JAKARTA COM? 1.766.60 +30.13 MANILA COMP 2.829.57 -20.14 SEOUL COMP 1,442.28 +14.52 SHENZHENS 422.60 +9.25130 words
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Advertisement87 2006-12-21 2 I JOY TO THE WORLD. UP TO 12 MONTHS' FREE INSTALMENTS WORTH $19,800* FIRST YEAR INSURANCE SUBSIDY* CASH REBATES AS HIGH AS $11,600* 1 -V •k •Jgh& f^ :^9j|^ 4 I JL ißralf ■r issSil^Bi < s v BUY THE NEW VOLVO XC9O, SBO OR S6O BEFORE 31 DECEMBER AND87 words
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Advertisement10 2006-12-21 2 I I people No mountain I hioh enough. M M10 words
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Advertisement20 2006-12-21 3 Ja^l -/'j» iMB 'Ml htW J f EjH Vq ■-—tQ*| .'aß jjß fl#H 'iH ,r > nHMnMHH|BBIHB vf > r H > B20 words
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Advertisement88 2006-12-21 4 Our qualfftod professionals can assist you with offshore structures, sh«if companies gdjll |g* and incorporations In ALL jurisdictions including: Cayman Hongkong i nn. m yw— i~i» S#lT>o4 Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For88 words
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Advertisement22 2006-12-21 4 SCORE CARD V Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email noticesd^sph.com.sg.22 words
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COMPANY NEWS
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491 2006-12-21 5 MICHELLE QUAH - Unclear if board will discuss controversial issue of tax credits By MICHELLE QUAH ISETAN shareholders will get to vote on the removal of the company's independent directors and the appointment of new ones in January. But it remains unclear if491 words
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Article, Illustration712 2006-12-21 5 EDDIE TOH - HOCK LOCK SIEW By EDDIE TOH WILL Singapore's food and beverage giant Fraser Neave finally part ways with its longtime partner, Dutch brewer Heineken International, after 74 years? The scenario can no longer be discounted in the wake of recent events, although they haveFILE PHOTO - 712 words
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324 2006-12-21 5 UMA SHANKARI - By UMA SHANKARI PROPERTY giant CapitaLand is taking a 40 per cent stake in a joint venture (JV) with Malaysia's YNH Property to develop a prime freehold site in Kuala Lumpur's Golden Triangle. BT reported earlier this month that Capita324 words
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Article, Illustration605 2006-12-21 6 JEAN CHUA - Writ filed by same two shareholders seeking ouster of three directors By JEAN CHUA THE two shareholders seeking the ouster of three Hengxin Technology directors have turned to the court to block the company's board from proceeding to issue605 words
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263 2006-12-21 6 DONALD URQUHART - By DONALD URQUHART SHIPYARD group Pan-United Marine has landed its first contract to convert a tanker into a floating production, storage, off-loading (FPSO) vessel. The $11 million contract to convert the 55,230 deadweight tonne tanker East Fortune into an FPSO was awarded by263 words
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587 2006-12-21 6 MICHELLE QUAH - He admitted helping to falsify accounts in 2003 By MICHELLE QUAH THE former chief financial officer of Auston International Group has admitted he helped to falsify the company's accounts in 2003 the year in which the education services provider went public. Chua587 words
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Page 5 Advertisements
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Advertisement173 2006-12-21 5 d&Mt«■*?'..' ASTROLOGY the right thing, at the right time. Feng Shui is not a get-rich-quick scheme, nor is it about *1 Get your tickets now to Joey Yap's 'Feng Shui Astrology 2007' Seminar zUU SEMINAR Seminar Details: Ticket Price: Best Selling Author Date 7 January 2007 (Sunday) gqj) 78 (1173 words
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Advertisement171 2006-12-21 6 CELEBRATE CHRISTMAS AT OUR SHOWROOM WITH SINGAPORE'S FIRST BROADBAND wmmmm tv service RIGHT IN THE COMFORT OF YOUR LIVING ROOM I nri2btv M Elk Your Ultimate Lifestyle Choice K Hr jflfl W ORLD ON-DEMAND *w» hAh—' «BHBWBBWgaMMi Your personal entertainment service, available through ponv anytime. I Q Over 50 entertainment171 words
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SINGAPORE MARKETS
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Article, Illustration534 2006-12-21 7 R SIVANITHY - STOCKS But ST Index only manages to regain about one-third of Tuesday's loss at 2,920.83 R SIVANITHY Senior Correspondent A POLICY U-turn in Thailand regarding capital controls on the baht enabled Thai stocks yesterday to recoup about two-thirds of its Tuesday loss, thus easingSoukk Bkxwtog - 534 words
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Article, Illustration1003 2006-12-21 7 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Dec 20 and earlier) Subsantial No of Price 1 SHAREHOLDING Trans Shareholder/ BuyI Shares Per Before After Stock Date Director Sell 000 Shr S COOP) OOP) City Axis 19-Dec-06 Loke Tan Chung Sell 600 na ***** 18.18 ***** 17.73 El-Nets 19-Dec-061,003 words
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Article, Illustration999 2006-12-21 7 MATTHEW PHAN - Compiled by MATTHEW PHAN Swiber Holdings Dec 20 dose: 550.915 WESTCOMB FINANCIAL GROUP, Dec 18 Preferred service provider with integrated offshore services: Swiber prides itself over its ability to offer both offshore marine support services and offshore engineering, procurement, construction, installation and commission (EPCIC) services to customers inSource: Bloomberg - 999 words
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Article, Illustration500 2006-12-21 7 CURRENCIES Reuters [LONDON] The euro hit a record high versus the yen and climbed against the dollar yesterday, after the previous session's upbeat survey of German business sentiment firmed expectations for further euro zone rate hikes. European Central Bank president Jean-Claude Trichet, testifyingReuters; REUTERS - 500 words
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COMPANY NEWS
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428 2006-12-21 8 CONRAD RAJ - It wins 140m euro deal to build lifters for dismantling oil rigs By CONRAD RAJ THE Keppel Group, one of the world's largest builders of offshore oil-drilling rigs, is now going into building floating cranes for the dismantling of oil rigs and other428 words
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513 2006-12-21 8 JEAN CHUA - By JEAN CHUA CHEMICALS manufacturer SP Chemicals said it will invest about US$35 million to increase its ability to make products that are in demand, as it starts to sell more overseas. This investment what it calls the fifth phase of its expansion513 words
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COMPANY BRIEFS
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81 2006-12-21 8 SINGAPORE Press Holdings will be launching a video-on-demand (VOD) news channel with broadband TV service provider M2B World Asia Pte Ltd in January. As part of the deal, M2B World will convert, host and stream video news clips produced by SPH, as81 words
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52 2006-12-21 8 CHEMICALS producer China Energy yesterday said that its initial public offer of around 248.8 million shares consisting of about 240.8 million placement shares and 8 million public shares at 83 cents each has been about 18.9 times subscribed. The public offer closed at noon52 words
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80 2006-12-21 8 PRESERVED and processed food maker Zhongguo Jilong yesterday issued a profit warning for its financial year ending Dec 31. Among the factors cited was the discovery and disposal of 31.6 million yuan (556.2 million) worth of damaged stock that was kept in a rented warehouse.80 words
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129 2006-12-21 8 JACKSPEED Corporation said yesterday that its wholly owned Malaysian subsidiary, Jackspeed Leather Special Manufacturer (M) Sdn Bhd (JM), has commenced legal action in the Johor Baru High Court against "a number of JM's former employees and the companies in which they are presently directors129 words
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Article5050 2006-12-21 8 UNIT TRUSTS FUNDS ABEmgMictsBusD ***** AB Amer Income AT SGO<. 13.46/ AS Am Income BT SGO 13.51/ AM Amro AM Mgt (S port) AB Amer income AT USD 174/ StjfEucpeEqty!** 1.049/ AB Amer Income 8T USD 177/ StarEmipeBoad 12/ AB Aaitr Income A USD *73/ Star Europe Bal 12W AB5,050 words
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Page 8 Advertisements
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Advertisement39 2006-12-21 8 L* AllianzGI RCM Global Twin-Focus Fund a fund that offers you twin benefits Allianz (fil) °f potential quarterly payouts and limits possible downside. Visit OCBC and other investors^ I appointed distributors for more details company regn. no *****7169Z I39 words
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SINGAPORE NEWS
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266 2006-12-21 9 SAMUEL EE - By SAMUEL EE THE COE premium for commercial vehicles plunged to the minimum bid of $1 yesterday, with a dearth of popular Japanese models on the market. Since the Oct 1 start of the new Euro 4 emission standard for diesel266 words
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Article, Illustration161 2006-12-21 9 THE junction of Bideford Road and Orchard Road which is framed by Ngee Ann City, Paragon, Crown Hotel and Meritus Mandarin Singapore saw a new lighting display launched last night. Special lighting features will project moving, as well as changing, images and lights that follow161 words
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SINGAPORE ROUNDUP
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83 2006-12-21 9 VIETNAM'S Minister for Agriculture and Rural Development, Cao Due Phat, arrived in Singapore yesterday on a three-day visit organised by the Singapore International Foundation under its Eminent Southeast Asians Programme. The minister will call on Mah Bpw Tan, Minister for National Development, and Heng83 words
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70 2006-12-21 9 THE Subordinate Courts are to hold special sittings of the Criminal Mentions Court in Court No 26 on the Christmas Day and New Year's Day public holidays so investigation agencies will be able to meet constitutional and statutory requirements to produce all arrested persons before70 words
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Article58 2006-12-21 9 THE Valiram Group announced yesterday that it has appointed Julian Levy chief operating officer. Mr Levy takes up the post on Jan 1. The luxury goods retailer and travel retail specialist headquartered in Kuala Lumpur was awarded the Changi Terminal 2 fashionwear concession in November.58 words
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Article, Illustration428 2006-12-21 9 ARTHUR SIM - It is sixth hotel site to go on reserve list of Govt Land Sales programme By ARTHUR SIM INTEREST from investors and developers is expected to be high as the sixth hotel site goes on the reserve list of the428 words
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Article, Illustration386 2006-12-21 9 MATTHEW PHAN - By MATTHEW PHAN THE sun is beginning to shine on an increasingly viable source of energy, and Singapore is plugging into it. Solar power is expected to be commercially viable in 10 years or so, by when the market for solar energy in SingaporeFILE PHOTO - 386 words
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Advertisement110 2006-12-21 9 BBBirT^HP™™ "You must have passion if you H 1 I don't have the love for it, don't try. If you just do it for the money, SH^^BB| when you make the money |H^HHE j-\ wfl eventually, you will run out of 9VlHp||p H steam. You must really enjoy HB what110 words
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Advertisement1425 2006-12-21 9 >AT^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 30) AND IN THE MATTER OF CArt ONE FULLESTON PTE. LTD. (Incorporated in the Republic of Singapore) (Co. Reg. No. *****6223N) (IN LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Member*1,425 words
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Advertisement373 2006-12-21 9 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF DAVENTON PTE LTD COMPANY REG. NO: IM7-*****-K ON VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of DAVENTON PTE I>D duly held and convened at 80 Rafflee Place #34-20 UOB Plaza373 words
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ECONOMY WATCH
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882 2006-12-21 10 THAI U-TURN Foreign investors will remain wary of economic policies ahead, they say AP AFP Bloomberg [BANGKOK] A sudden, drastic move that sent the stock market plunging has shaken confidence in the ability of Thailand's new, military government to helm the country and attract foreignAP; AFP; Bloomberg - 882 words
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Article, Illustration347 2006-12-21 10 Bloomberg [BANGKOK] Thailand's central bank introduced currency controls without consulting the stock market regulator or stock exchange, leading to an underestimation of the impact on shares, head of the Securities Exchange Commission said. "The central bank relied mainly on their academic research to comeBloomberg - 347 words
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Article, Illustration517 2006-12-21 10 Reuters [BANGKOK] When he led Thailand's central bank, Pridiyathorn Devakula was highly regarded as a fierce defender of the bank's independence while keeping financial markets stable. Now, that reputation appears to be in tatters after a bungled bid to rein in a surging bahtReuters; AFP - 517 words
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381 2006-12-21 10 Reuters [NEW YORK] Wall Street's bonus babies expected to collect nearly US$24 billion this year won't be the only ones crying tears of joy. Tax collectors expect the record payout to boost their coffers beyond projections. Wall Street bonuses are expected toReuters - 381 words
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558 2006-12-21 10 Bloomberg [WASHINGTON] US Treasury Secretary Henry Paulson has declined to brand China a currency manipulator, concluding that the nation is taking steps to make the yuan more flexible. The Treasury in its semi-annual foreign exchange report tempered language in the May release, which hadBloomberg - 558 words
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342 2006-12-21 10 AFP [FRANKFURT] The German economy, the biggest in the 12-country eurozone, is currently in champagne mood, with business confidence at its highest level since unification 16 years ago, a key survey showed on Tuesday. Even the upcoming rise in value-added orAFP - 342 words
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MALAYSIA/INDONESIA
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Article, Illustration501 2006-12-21 11 PAULINE NG - They can now lease or rent out their properties worth at least RM250,000 By PAULINE NG in Kuala Lumpur MALAYSIA'S government has further tweaked home ownership rules for foreigners, allowing properties worth at least RM250,000 (*****,567) to be leased or rented out,AFP - 501 words
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353 2006-12-21 11 AP AFP [KUALA LUMPUR] Thousands of people were evacuated from their homes in Johor as it reeled from the worst floods in a century, leaving major roads impassable and disrupting trains to Singapore, officials and news reports said yesterday. More thanAP; AFP - 353 words
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328 2006-12-21 11 Bloomberg [JAKARTA] Total SA, Europe's third-largest oil company, expects to spend US$B billion over the next nine years to tap its remaining reserves in Indonesia and supply the nation's largest liquefied natural gas plant in Borneo. Fields of Total E&P Indonesie andBloomberg - 328 words
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Article394 2006-12-21 11 It will be third foreign Islamic bank in Malaysia AP [KUALA LUMPUR] Malaysia's third foreign Islamic bank, a consortium led by Qatar Islamic Bank, is set to open next month with plans to expand to other Muslim nations in the region, a report said yesterday.AP - 394 words
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Article, Illustration396 2006-12-21 11 Reuters [JAKARTA] The Indonesian government may issue Islamic bonds, also known as sukuk, for retail investors next year, once a bill regulating the debt issue is approved by Parliament, government officials said yesterday. Indonesia is the world's most populous Muslim nation, but its IslamicReuters; FILE PHOTO - 396 words
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Article2209 2006-12-21 11 VOt Gamuda 4JB 0.14 1761 Dec 28 KM 4- C«00) General Corp 0.65 0.01 293 Gentlng J1.75 0.25 706 AAMRaalty 132 -0.01 4 GeorgtKant __037 unch 50 Abric 029 0.01 2 GHl Systems 0.23 0.01 7473 ACP Industries —130 0 M 345 GtobetronicsTech 039 0.01 699 AdwnceSynergy 0232,209 words
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GREATER CHINA
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622 2006-12-21 12 It will pay US40m for 49% stake, and shut its loss-making China auction unit Bloomberg [LOS ANGELES] Online auction site eßay Inc will close its unprofitable China unit, and form a venture with billionaire Li Flashing's Tom Online Inc to run aBloomberg - 622 words
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229 2006-12-21 12 AFP [SHANGHAI] A member of the Citigroup-led consortium that bought into China's Guangdong Development Bank (GDB) has pulled out, the Financial Times said yesterday. Local firm Puhua Investment, which was to take an 8 per cent stake in the troubled firm, hasAFP - 229 words
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Article476 2006-12-21 12 Company plans to spend net proceeds on three gaming sites in Macau Reuters [NEW YORK] Shares of Macau casino operator Melco PBL Entertainment (Macau) Ltd soared as much as 32 per cent on Tuesday in their US market debut, backed by a surgeReuters - 476 words
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Article, Illustration49 2006-12-21 12 [BEIJING] With less than a week left before Christmas, a festive mood is very much in the air—and in water as well. Here, a diving Santa Clausfeeds the fish in an aquarium at Ocean Park in Hong Kong yesterday as part of the park's Christmas celebrations. REUTERSREUTERS - 49 words
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Article558 2006-12-21 12 But shortages may constrain China's production Reuters [HONG KONG] Soaring car sales may help lift China's lead consumption by nearly 10 per cent in 2007, analysts said on Tuesday, despite restrictions on battery-powered bicycles and motorbikes. But global shortages of concentrate, the raw material,Reuters - 558 words
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Page 12 Advertisements
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Advertisement94 2006-12-21 12 J^DUOREST' PMI w SHOE?* A m Optimum Comfort. Dynamic Sitting. at work... at home... at play... DUO REST* Ergonomic Chair is equipped with the patented DUOBACK technology originated from Germany. DUOREST* chair is economically designed to support both sides of the back, effectively soothe your tired neck, shoulders and back,94 words
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Advertisement127 2006-12-21 12 111 i i i IliyokshoD! J Mai-vi Course l) &re-<g KiWn BaW J~eopar<d|j I 2) C.CT. Lewis Best of M|j- Uwe. J j Z) S£|j tke Fauci Sto-ne. i# "Tka-nK yn* I I j if) David Bowie- Years J J S) Steropkowes Wave a Mice- Da|j #1 4) Qui-KC/J Jo-nes127 words
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INDIA
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Article, Illustration659 2006-12-21 13 Foreign exchange reserves have grown fourfold in the past five years Bloomberg [MUMBAI] India may use part of its near-record foreign exchange reserves of U*****.5 billion to fund the nation's bid to modernise roads, ports and airports, the finance minister jsaid. Prime Minister ManmohanBloomberg; AP - 659 words
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234 2006-12-21 13 Reuters [MUMBAI] Britain's mobile services giant Vodafone Group is exploring options to bid for India's Hutchison Essar to expand its presence in the world's fastest growing cellular services market, according to a news report yesterday. This could include selling its stake in Bharti AirtelReuters - 234 words
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475 2006-12-21 13 UK panel to auction firm if competitive situation drags on AP [LONDON] Britain's takeover regulator put the battle for control of British steelmaker Corus on the fast track on Tuesday, announcing that it will host an auction if competition between India's TataAP - 475 words
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Advertisement82 2006-12-21 13 1 tmm&m BHHfIHHHHHHHHHHHNHHHHHHBHBHMHHHHHHHHBttBSv i,„.;--jatiMl JSB& W "mmm m< W wKK^^L*~~ T| V H r^««| ay lilir —i JP HA i *.tfgf Mg| RjZM V CJE^ jfe Introducing the new V& Renault Coupe-Cabriolet, ttkrimk 3 fully automated glass roof. 1 an a I genuine cabriolet thanks to a hl j i82 words
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MIDDLE EAST
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728 2006-12-21 14 President plans to expand size of military in long-term war on terrorism AFP AP LATWP [WASHINGTONJ President George Bush warned Americans of the need for new "sacrifices" in Iraq next year in a news conference yesterday, and said hard choices await inAFP; AP; LATWP - 728 words
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Page 14 Advertisements
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Advertisement498 2006-12-21 14 Mfc>3Hf^y. ;H fvjii 5 Hi9d&L^ zPK" M&. 4 JtL HNL <f'%^flißHßni JjKgW^y*jjlW|MKaWßlMWPßj| H ifinIC^ViuIMHIIBkr^MIHHMMHHi (Sj'eMot' (S&uffet jGe&gdfa A JIA&a |AjlA4k MMi A AlMllktM aAMg4 I^U MaW I 08T6 Wful US ViG RM I vUmHw>Q Stan lO ui6 yWf OnQ IMUHMIB Christmas caroling by Victoria Junior CoSaga on 82.29 and 24498 words
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ASIA-PACIFIC/WORLD
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Article, Illustration557 2006-12-21 15 Texas Pacific Group, Apollo Management in US$17.1b deal NYT [NEW YORK] The newest players in Las Vegas plunked down billions of dollars on the Strip on Tuesday, as two private equity firms bought Harrah's Entertainment, the world's largest casino company. The US$l7.l billion dealNYT; AP - 557 words
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266 2006-12-21 15 Bloomberg [LONDON] Ericssdn AB, the world's largest maker of wireless-network equipment, agreed to buy Redback Networks for US$2.l billion, taking on Cisco Systems in the market for Internet routers. Cisco equipment directs two-thirds of the world's Internet traffic. The cash offer of US$25Bloomberg - 266 words
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Article135 2006-12-21 15 Reuters [TEHRAN] Iran and China's CNOOC have signed a US$l6 billion deal to. develop Iran's northern Pars gas field and build plants to produce liquefied natural gas (LNG), Iranian state radio reported yesterday. "The agreement to develop the northern Pars gas field was signed withReuters - 135 words
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334 2006-12-21 15 Bloomberg [NEW YORK] Goldman Sachs gave chairman and chief executive officer Lloyd Blankfein a U5553.4 million bonus for the current year, setting a new high-water mark for Wall Street's top brass less than a week after Morgan Stanley paid John Mack a record US$4OBloomberg - 334 words
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475 2006-12-21 15 multiples lie." Bloomberg. Reuters [LONDON] Clara Furse, chief executive of the London Stock Exchange, said she would consider selling the bourse at the right price, the Times reported yesterday. "If the right price was on the table of course themultiples lie." — Bloomberg. Reuters - 475 words
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446 2006-12-21 15 LAT-WP [WASHINGTON! Accounting industry overseers yesterday scrapped an audit rule targeted by businesses as expensive and burdensome, proposing looser guidelines that would direct accountants to focus on the integrity of corporate managers and the most risky aspects of a company's financial reports. TheLAT-WP - 446 words
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Page 15 Advertisements
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Advertisement320 2006-12-21 15 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF CArt PARAGON PTE. LTD. (Incorporated in the Republic of Singapore) (Co. Reg. No. *****4499E) (IN LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Memben of CAFfc PARAGON PTE LTD. duly convened and held320 words
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Advertisement20 2006-12-21 15 ||J uPy BF, I m IM Yr'mnl A I J "M 13 A P IMI m I y Mlfe 1120 words
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AVIATION
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Article, Illustration772 2006-12-21 16 YEN SREENIVASAN - Airline prepares for expected flood of regional tourists when IRs open By YEN SREENIVASAN IN a bid to capitalise on the expected boom in inbound regional tourist arrivals when Singapore's two integrated resorts open, Singapore Airline's regional carrier, SilkMUGILAN ILAIASEGERAN/ST - 772 words
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419 2006-12-21 16 Bloomberg [LONDON] European regulators proposed to demand airlines including Easy Jet pic, British Airways pic and American Airlines Inc curb emissions starting in 2012, in a drive to combat global warming that will raise ticket prices. Airlines flying within Europe willBloomberg - 419 words
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285 2006-12-21 16 Bloomberg [DALLAS] US Airways Group said it remains a "determined" bidder for bankrupt Delta Air Lines after a hostile US$B.5l billion merger offer was rejected. US Airways' offer of US$4 billion in cash and 78.5 million shares to create the world'sBloomberg - 285 words
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447 2006-12-21 16 AFP Reuters [SYDNEY] Qantas chief executive Geoff Dixon rounded on critics of a proposed private equity takeover of the airline yesterday. As pilots, labour unions, airport operators and politicians raised doubts about the implications of the Asll.l billion (Ssl3 billion) deal, Mr Dixon saidAFP; Reuters - 447 words
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Page 16 Miscellaneous
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Miscellaneous164 2006-12-21 16 CRYPTIC CROSSWORD 8 About to make teenager re- YESTERDAY'S SOLUTION f orm (10) Across: 1 Versatile, 9 Threat, 10 1 Married expert on the staff (4) 11 Politicians who ascend a bit Crack-down, 11 Spruce, 12 Atten--2 Home worker welcomes way dangerously (6,7) tion, 13 Harrow, 17 Ant, 19 Exto164 words
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SHIPPING
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Article, Illustration554 2006-12-21 17 GEORGE JOSEPH - It more than doubles container throughput at Aden terminal since taking over in '03 By GEORGE JOSEPH A PRIVATELY owned Sin-gapore-based port management company that decided to go down the road less travelled in its ventures is making some noteworthy gains554 words
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Article, Illustration498 2006-12-21 17 Bloomberg [SINGAPORE] Hyundai Heavy Industries, the world's largest shipyard, said sales last month increased 15 per cent from a year earlier, as it built more vessels at higher prices. Sales rose to 1.2 trillion won (Ss2 billion) in November, from 1.04Bloomberg; BLOOMBERG - 498 words
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Article286 2006-12-21 17 SGX '000 Dm 20 S$ +1- Vol CH Offshore 0.45 001 522 ChuanHup .0.31 unch 469 Cosco Corporation -2.19 0.08 5423 CWT Distribution 0.61 0.02 45 Ezra Hldgs 3.80 0.06 135 Freight links 0.08 0.01 3377 Grand Banks Yacht .0.88 unch 0 Jaya Holdings 1.47 -0.01 155 K1Venture286 words
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261 2006-12-21 17 Bloomberg [SINGAPORE] Hutchison Whampoa, Hanjin Shipping, DP World and other operators handled 6.7 per cent more containers last month in South Korea's Busan, the world's fifth-busiest port, helped by growing global trade. The port processed 1.05 million 20foot standard containers in November,Bloomberg - 261 words
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563 2006-12-21 17 LAT-WP [BOSTON] Capping a threeyear international investigation, US federal officials on Tuesday announced a landmark US$37 million penalty in a maritime pollution case involving one of the world's largest publicly traded tanker companies. The fine against Overseas Shipholding Group Inc, a USLAT-WP - 563 words
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290 2006-12-21 17 Reuters [AMMAN] Jordan's special economic zone in the Red Sea port of Aqaba has signed a 15-year contract with a UAE and Jordanian firm to invest US$l5 million in handling the port's marine services, officials said on Monday. They said Lamnalco Group, a UAE-based towageReuters - 290 words
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Advertisement19 2006-12-21 17 :§fj I m/ j™ ETiil Lianhe Zaobao Clmamm avrong I I demand I I wSi'iSjb I la S) I19 words
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EDITORIAL & OPINION
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Article516 2006-12-21 18 EDITORIAL THAILAND'S dramatic flip-flop on currency curbs this week came barely in the nick of time. But, as much as it possibly stemmed a regional crisis in the making, the policy U-turn is also highly costly for the Thai leadership and the economy, raising as it516 words
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Article, Illustration744 2006-12-21 18 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON CONSIDER it a good omen. In October, the US trade deficit dropped unexpectedly to US$5B.9 billion, about US$5.4 billion less than in September. Although the largest cause as lower oil prices, strong American exports up 14 per cent from744 words
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Article, Illustration976 2006-12-21 18 ANDY MUKHERJEE - The Bank of Thailand's actions have raised the spectre of more widespread use of monetary shock therapy in Asia ANDY MUKHERJEE Bloomberg IN A span of 24 hours, the Bank of Thailand first outraged investors by slapping a Chilean-type tax on capitalBloomberg; AP - 976 words
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Article, Illustration996 2006-12-21 19 ANTHONY ROWLEY - Once the web breaks, the dollar, the yen, the euro, the pound and a host of others are all vulnerable to severe correction ANTHONY ROWLEY Tokyo Correspondent H WHAT a tangled web B we weave when first B we practise m to deceive,"BLOOMBERG - 996 words
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1339 2006-12-21 19 RAJSHREE JETLY - By RAJSHREE JETLY OVER the last two years, India and the United States have passed several milestones in thenrelationship, most prominent of which is the Indo-United States nuclear agreement. Indo-United States relations are poised for a significant breakthrough with the signing of1,339 words
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Advertisement41 2006-12-21 19 Heard about j §kype e *?i Another new Phrase on the A\ H^S!fcSxrrpTTil^llllllll nm«The I HMpyni—ff MA ||§pBS& i'adio9l OK Hotline 6691 1913 SMS 9766 6913 MmimiiNHßSSßaii Radio 91.3 is managed by SPH Unionworks, a subsidiary of GiV Singapore Press Holdings41 words
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Article10285 2006-12-21 20 SGX MAINBOARD 52-Wk Tel Last Vol D*y Last Quote Uv GrYtd Net MCap Wgh Low Cod* Company Silt W- (*000) low Buyer sifcr Cvr Wt W 3.5 1 5716 1st Software 2 -0.5 6043 2.5 2 2 2.5 -11 11.5 6 3148 8Telecom 9 +0.5 260 9 8510,285 words
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Advertisement35 2006-12-21 20 TVade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in aril markets Access to Asian, US, Euro stocks Select Exchange TVaded Funds and Indices Competitive Commission charges35 words
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Article5449 2006-12-21 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in loat cwt In IS in US$ dy X yr dy yr dy %yr D»c 19 lnde» Ch»nq« Change Ounqm Change Omigt Q>ty World index Preliminary ***** -05 128 -05 >9 -03 174 EAFE Preliminary 1094,0 -OS 124 04 113 -0-2 223 Europe5,449 words
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Advertisement1451 2006-12-21 22 UK CONTINENT SERVICE 11.5.A SERVICE Destination Destination DD SUCCESS RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOl/SAV loads Singopore, E./W. Malaysia. ■ndooo.io u*,k EVW. Malaysia, ln<Wia MIPOLE.EABT SERVICE REJS.EJL SERVICE Destination J SAFE DBI/ABU/DOH/BRN/DMM/KWT Destination VANGUARD DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN Loads Singopore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk, breakbutk, mineral1,451 words
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Advertisement538 2006-12-21 22 vtf/v WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com rasa VOT RAOP HBCWT SM LK MO SAV PAL ORE TAIKO Af 701 4Nlm> t.4M N/12 21/01 30/01 03/02 01/02 00/02 talaoot um 4001 m 6.40 o»/oi 01/02 10/02 14/02 19/02 17/02 TAUSOAN 1f703 3201 M MO 10/0) 11/02 20/02 24/02 01/03 27/02 Raw538 words
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Advertisement1414 2006-12-21 23 WAN HAI INTERNATIONAL PTI LTD CR NO: **********0/R \AM\WAN HAI LINES 11 V IIHII Imi KIH:(O3)334MHtNUb(O3)*****MWIH:O4)StSIOtFWL(MU29MM V XWIH: (07)*****23 MI: (#*****121 SUR TEL (031) 339J47S Ml (Oil) *****14/*****05 www wanhai (am <■ KTIH: (021) *****U FAL(O2» *****U ftM IH: 71&3(0/71UI1 MX:7Ii37V www.wunnai.mni.ig »1H;|06I)41S7I«3HULIOtl) 41 syr?s 4K2W I'vtssa toy I re>1,414 words
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Advertisement1004 2006-12-21 23 UgSSSMSB IVISSIL VOY PKI I SIN I KARACHI PXI BAB PMM *IK KHOR IRAN SHAHRYAR PCLBI7B 24/12 26/12 04/01 07/01 08/01 14/01 16/01 18/01 IRAN ZANJAN PCL 8180 06/01 05/01 15/01 19/01 19/01 26/01 28/01 30/01 I IRAN TABATABAII PCI 8182 10/01 11/01 20/01 23/01 24/01 30/01 01/02 03/02 [VlSStl1,004 words
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Advertisement111 2006-12-21 23 P. T. DJAKARTA LLOYD (PERSERO) l?*£> AUSTRALIA FULL CONTAINER SERVICE Vtt I WT I HM I IHC I F»I I Wl STB I ma I /UH AM tSftIT 033$ 24/1? 24/*****/01 07/01 09/01 12/01 |*nsnmrr oo4S|3i/n|oi/oi| |it7oi m/oi i*/oi 19/01 liissrao 1167/6t |W/6111 S/6i IWW&TOT lawemium 104 is I m/oi111 words
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Advertisement716 2006-12-21 23 m aaas&« WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS rasa nor 1 sw pxuhg coiomio n sntv* I colomo ifilifiEM JODSL HDK TOOK 23DtC 26 DtC 30DK HWHW JOSW 26 DK 27 DtC 30 DK 02 UW 06JAN rouraiwm Tymwl urni lo3janl 06j*k I716 words
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THE BUSINESS TIMES SHIPPING TIMES
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5456 2006-12-21 24 This ETA ETA Advcrtber Vessel Voyage Telephone ETA ETA Advertfeer Vessel Voyage Telephone SM Dest'n Nan Mane Number Huwbw SIN Dasfn Name Name Number Number 07/01 15/01 PTDjakarta KAMAKURA 034S *****202 To ABU DHABI (AUH) 2004 U. A. Emirates 21/01 2901 China Shpg ANL5,456 words
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BizIT
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Article, Illustration758 2006-12-21 25 ROLAND LIM - Fuelling its growth are the giant domestic markets of China and India, reports ROLAND LIM ROLAND LIM RETAIL and banking solutions specialist Wincor Nixdorf (Wincor) is looking to grow at least 20 per cent in the AsiaPacific in the new year, fuelled by the758 words
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Article, Illustration806 2006-12-21 25 WINSTON CHAI - By WINSTON CHAI THE long-drawn battle raging between malicious hackers and computer security specialists shows no signs of slowing down. If anything, the common prognosis among security vendors is that cybercrooks are likely to get smarter and the deluge of unsolicited e-mail will806 words
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366 2006-12-21 25 Reuters [SAN FRANCISCO] Handheld computer and cell phone maker Palm Inc posted a lower quarterly profit due to a delay in shipping its new Treo 750 smartphones and higher costs. But the company also backed an earlier forecast that theReuters - 366 words
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630 2006-12-21 25 Bloomberg [SAN FRANCISCO] Ericsson AB, the world's largest maker of wireless-network equipment, agreed to buy Redback Networks Inc for US$2.l billion, taking on Cisco Systems Inc in the market for Internet routers. The cash offer of US$25 a share represents an 18 perBloomberg - 630 words
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228 2006-12-21 25 AP [SAN FRANCISCO] Sony BMG Music Entertainment will pay U*****,000 and finance computer fixes to settle a lawsuit charging it hid invasive anti-piracy software on CDs, California officials said on Tuesday. Under the settlement, Sony BMG will pay penalties and reimburse eachAP - 228 words
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PROPERTY
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Article, Illustration451 2006-12-21 26 KALPANA RASHIWALA - It's said to be doing due diligence on an acquisition for close to $350m By KALPANA RASHIWALA A PROPERTY fund managed by Credit Suisse is likely to be the buyer of Lippo Centre at 78 Shenton Way. Sources say that the fund isFILE PHOTO - 451 words
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Article, Illustration720 2006-12-21 26 ARTHUR SIM - Manufacturing sector uplift to boost demand By ARTHUR SIM RENTAL and capital values for industrial space look set to increase by as much as 10 per cent next year on the back of the improving manufacturing sector, increased demand for hightech space,720 words
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220 2006-12-21 26 A 40-UNIT walk-up apartment block off River Valley Road has been sold to a low profile property developer Galaxy Capital for $28.5 million, or $468 per square foot per plot ratio, including a development charge of about $137,000. The development was put up for220 words
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Article, Illustration714 2006-12-21 27 KALPANA RASHIWALA - Expression of interest launched, with asking price above $830m By KALPANA RASHIWALA THE long-awaited collective sale of UIC Building on Shenton Way has finally been launched through an expression of interest exercise, with an asking price of more than $830 million. This works out714 words
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362 2006-12-21 27 UMA SHANKARI - By UMA SHANKARI HONG Leong Group has emerged as the top seller of residential property in Singapore for the second year running. Figures compiled by Chinese daily Lianhe Zaobao show that the group sold 1,475 units worth $3.2 billion as at362 words
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Article2219 2006-12-21 27 PROPFRTY TRANSACTIONS IODGED BETWFFN DEC 12 AND DFf 18.7006 PROJECT NAME/ PROP CONTRACT TENURE BIHU-IN/LAND PRICE llMB STREET NAME TYPE DATE AREA*(SQFT) (SS 000) 0$) h——— District 1 Mnw-i Awnpn Pearls Cte Apt 21/11/2006 99 1485 560 m Hie Sail At Marina Bay Apt 01/12/2006 99 936 m 14792,219 words
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Advertisement205 2006-12-21 26 «hhh| jm JwßgSSilj ■vjnßHpn INVEST IN ORCHARD ROAD Singapore's Hottest Residential District 1 to 4 bedroom Apts Available Freehold Brand New Excellent Investment Potential District 14 Sl' r "Geylang Mansion" If V r ,25 V COLLECTIVE SALE I Site Area 17,000 sq.ft. Tenure Freehold Q Vrr' plot Ratio: 2 8205 words
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Advertisement1499 2006-12-21 26 NOTICES BUY <T SCI I IT UNO IT. In the Matter of The Companies Act, Cap. 50 And In Matter of SEMBAWANG INVESTMENTS PTE LTD (Company No. **********) (In Members' Voluntary liquidation) Norte# it hereby given that at an Extraordinary General Meeting of Sembowang Investment! Pte ltd deemed to have1,499 words
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Advertisement19 2006-12-21 27 Commercial Industrial Residential Investment Sales Collective Sales Valuation Research Consultancy Property Management •UK Residential international Sales Tel: 6836 688819 words
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Advertisement233 2006-12-21 28 M Audemars Piguet Le maitre de I'horlogerie depuis 1875 NEW MILLENARY COLLECTION i V ;v, .w\ V 1 -v :'v-: 7 '>'•*• v 7 r .V, I > •V' I". i > V 1 VA'*-- r»_ ■■"> !> V V i" T »l r.,- •#Sfe3®^to 4 4' a* „j®dr r233 words
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