The Business Times, 22 December 2006
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2006-12-22
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The Business Times
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Title Section22 2006-12-22 1 THE BUSINESS TIMES 30th ANNIVERSARY SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 099/03/2006 Friday, December 22,200622 words
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1090 2006-12-22 1 KALPANA RASHIWALA - Ministry bulks up on hotel sites but no sign of attempt to cool high-end housing market By KALPANA RASHIWALA [SINGAPORE] The government yesterday announced its land sales programme for the first-half of next year, signalling what is interpreted by analysts1,090 words
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Article, Illustration632 2006-12-22 1 Deal creates first transatlantic stock market LATWP AP Bloomberg [NEW YORK] The Big Board is getting bigger. Shareholders of the New York Stock Exchange's parent company, NYSE Group, voted overwhelmingly on Wednesday to purchase Euronext in a landmark US$l4.6 billion deal that creates theLATWP; AP; Bloomberg; Source - 632 words
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Page 1 Advertisements
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Advertisement6 2006-12-22 1 BOOKS Vikram Chandra, the self-confessed geek6 words
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Advertisement33 2006-12-22 1 >»;. f ,y, MM ■kMHHI FILM-MAKING Telling good stories with style WO*4SuFWHm''MGE29 fij Wod m v I wBBBSB^EBBsk vmßqkfA. j|s |gM|§E a .a 3|affi£inSSttKHMEKHfla^^l^^^flH^^HH^HHlßHaßHHHßHflHB^BMßHHlß^nßßHKißll!i; ■;9wHnaH|H|^nHH^Hn^HH|Hnn|H ■V mi 8 "*****r*****4 Markets Digest Is held over33 words
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Advertisement14 2006-12-22 1 PAGE 29 Full list of sites in the government land sales programme, page 414 words
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Advertisement11 2006-12-22 1 New office site coming up at Marina I Bay MfiE4 M11 words
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TOP STORIES
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Article, Illustration645 2006-12-22 2 LARRY WEE - Fears linger among investors of further stringent measures by govt By LARRY WEE [SINGAPORE] The embattled Thai baht tumbled to one- and two-month lows against the US and Singapore dollars yesterday, taking heat in the market as foreign investors pulled their moneyBLOOMBERG - 645 words
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Article99 2006-12-22 2 IN "S'pore firms mdre fam-ily-friendly now: survey" (BT, Dec 21), we incorrectly reported that the hospital stay of construction workers averaged 12 days last year. It should be 22.2 days, more than the 15-day average for all workers. In "Hong Leong sells highest number of units in 2006", Chia99 words
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Article493 2006-12-22 2 New office site coming up in Marina Bay THE Ministry of National Development has puiasitA Boulevard on the confirmed list of the GovenunftniJjuid Sales programme for the tost half 0f2007, potfflltWßy activating a whole corridor of new sites at Marina Bay. And in light of the tight supply493 words
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Article, Illustration1422 2006-12-22 4 ARTHUR SIM - Decision hailed amid space crunch in Grade A office space By ARTHUR SIM [SINGAPORE] A new development site at Marina Bay has been activated and more sites could be on their way. In a move that is widely seen as a reaction1,422 words
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Article, Illustration553 2006-12-22 4 SIOW LI SEN - Bid was previously estimated to be S$125-200 million By SIOW LI SEN [SINGAPORE] Star Hub is now said to have paid an astounding US$l6O million about Ss2so million to buy the Singapore rights to the English Premier League (EPL) for three553 words
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515 2006-12-22 4 S JAYASANKARAN - Entire businesses to be sold to Synergy as part of offer By S JAYASANKARAN in Kuala lumpur THREE listed Malaysian plantation groups have agreed to accept an offer from governmentlinked Synergy Drive to help create the world's largest listed oil plantation group. The515 words
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Page 2 Advertisements
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Advertisement13 2006-12-22 2 lib. iAI BBS SHHBI HBjpH H HH MH I I 1 H|HB BHB^B|13 words
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Advertisement119 2006-12-22 2 oeoDle Do we know K K y OU (Register with us today) www.thepeopleatwork.cofn Asia-Pacific Executive Search DZHIEZOEIIB spca Roaawood Sofa Sat 9pca Roaawood Dining Sat 7pca Roaawood Doubla {A (81WX31-U Rah Proaparity Sofa Altar Tabla 18"-60" Roaawood Two fffl %j|Hy Hong Tan/Roaawood .»lt ;T. Hong Tan 0 35" spcs Dining119 words
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Advertisement137 2006-12-22 3 i Wf J® s|||H|^^Bßß^p^'~ flWm™Mgte^lff^ L Hp' pi '~5 -c# iH H K Si->-' JBKf HH jfl 1 JBfil 8 K I JKL i^BSIJ I 'VI r J ki^ufl wiiMiiMmJM»>.N wafe: iiw Mi- l-M f :^®i?i!§r b?*\-. m mM mM m 9HH|^H^^^lHBHnß|^^K| 4 4^ f *i i.j- Mb! biv.' '.^J>g137 words
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Page 4 Advertisements
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Advertisement49 2006-12-22 4 TRADE TALK We have to be very ambitious and have to push for real market opening. Because without that you have.no advocates, all you have is people arguing against the agreement.^ US Deputy Trade Representative Karan Bhatia on the Doha Round of trade talks. In the Raffles Conversation tomorrow49 words
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COMPANY NEWS
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446 2006-12-22 5 MATTHEW PHAN - It will own 30% of units in SingSpring Trust; subsidiary to continue operating Tuas plant By MATTHEW PHAN WATER specialist Hyflux has proposed to divest its stake in Sing Spring, which owns Singapore's first seawater desalination plant, to a business trust, in a446 words
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Article, Illustration395 2006-12-22 5 OH BOON PING - It also reveals terms of Hsieh's compensation By OH BOON PING SINGAPORE Exchange (SGX) has renewed its chief executive officer's contract, extending his service to Sept 30, 2009. The new contract comes with a guaranteed base salary of $750,000 a year. The announcement ofFILE PHOTO - 395 words
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389 2006-12-22 5 CONRAD TAN - By CONRAD TAN MACQUARIE International Infrastructure Fund (MIIF) is selling its stake in a renewable energy joint venture in the UK and Europe for Ss9l million. It said yesterday that it expects to make a gain of Ss27 million from the389 words
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703 2006-12-22 6 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN LAST week, the Singapore Exchange (SGX) and the Tokyo Stock Exchange (TSE) the world's second largest stock exchange in market capitalisation after New York announced that Topix-ETFs and other Japanese securities will soon be703 words
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268 2006-12-22 6 UMA SHANKARI - Tie-up will help to grow asset pipeline for property funds By UMA SHANKARI PROPERTY developer Capita Land, which aims to expand its asset portfolio in Japan, yesterday said it has bought a 5.45 per cent stake in one of the leading residential developers in the268 words
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Article5076 2006-12-22 6 UNIT TRUSTS FUNDS AS Emg Mkts B USD mn AS Amer Income AT 5G0 13.46/ AS Amer Income BT SGO 13.51/ A*N Amro AsMt Mgl (S'pore) AB Amer Income AT USO 8.74/ Star Euope Eqty! 1057' AB Amer Income BT USD 8.77/ SarEuropeBond 1.20V AB Amer Income A USO. 8.74/5,076 words
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Advertisement8 2006-12-22 6 JHVHHHHHHHHHHHHHBIIHHB s iilf% 'rirvffffi I 'iiyaF "i ity8 words
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Page 7 Advertisements
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Advertisement170 2006-12-22 7 x, C 7/ g V L J week won t be complete in Aix actus. *fc|| e uD p o Jjnow l/l/nue woulcln t dettle for leAd. Jt'i wliu 006wit(never cut it. Dlie wicLednumber of the deadly iini. PI |L 'X/'.'-■■£ fj I magnificent I iBPW recot ailed(uchty m 7-ieaterJL^rJSW.170 words
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SINGAPORE MARKETS
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Article, Illustration518 2006-12-22 8 R SIVANITHY - STOCKS Broad market posts 229 falls against 153 rises, as many players cash in gains ahead of year-end break R SIVANITHY Senior Correspondent THERE was plenty of huffing and puffing in the local stock market yesterday but other than a small handful of moves,Source: Bloomberg - 518 words
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Article, Illustration1019 2006-12-22 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Dec 21 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director SeU '000 Shr COOP) ('000) See Hup Seng 20-Dec-06 Merrill Lynch Intl PL ***** 0.26 0 0.00 ***** 5.63 See Hup1,019 words
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Article, Illustration964 2006-12-22 8 MATTHEW PHAN - Compiled by MATTHEW PHAN Singapore Press Holdings Dec 21 close: 554.16 CITIGROUP RESEARCH, Dec 20 November adspend appears buoyant: AC Nielsen's advertising expenditure numbers for the month of November showed that newspaper ad expenditure jumped 10.3 per cent. Excluding Today, the rise was still 9.7 per cent AdspendSource: Bloomberg - 964 words
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Article, Illustration507 2006-12-22 8 CURRENCIES Reuters [LONDON] The dollar softened against the euro yesterday ahead of US data on growth and manufacturing that could help the market to assess whether the Federal Reserve may cut interest rates next year. The yen hit a record low against theReuters; AP - 507 words
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COMPANY NEWS
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445 2006-12-22 9 CONRAD RAJ - Chan Ewe Teik, Ko Beng Soo to subscribe to 75m new shares, grant $3m convertible loan By CONRAD RAJ A COUPLE of white knights have come in to bail out Sesdaq-listed ceramic tiles supplier and producer, NH Ceramics, which has been445 words
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COMPANY BRIEFS
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83 2006-12-22 9 CITY Developments yesterday said it will sell a unit in its prime Residences Evelyn to the spouse of one of its directors at a 14 per cent discount, comprising a 12 per cent discount offered to the public and a 2 per cent83 words
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46 2006-12-22 9 VISITORS to Parco Bugis Junction can now enjoy free surfing using the wireless broadband access service with up to 1Mbps download speed provided by Ml at the shopping mall. The free service will be available until Dec 31, 2007.46 words
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47 2006-12-22 9 THE Straits Trading Company Limited said Rendezvous Hotels (NZ) Limited, a unit of its hotel management arm Rendezvous Hotels International Private Limited, has been appointed to manage a new 171 -room/suite hotel to be built on Gloucester Street in Christchurch.47 words
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65 2006-12-22 9 SUPER Coffeemix Manufacturing Ltd said it has further extended a loan of US$4.BB million to JHS Holding Pte Ltd a 50:50 venture formed by Tee Yih Jia Food Manufacturing Pte Ltd and the company. The loan is not expected to have any significant impact65 words
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63 2006-12-22 9 SINGAPORE Technologies Engineering Ltd said its US company, Vision Technologies Kinetics Inc, has finished its purchase of 80 per cent of US-based MAK Technologies Inc a leader in simulation software to link, simulate and visualise the virtual worlds in a networked synthetic environment.63 words
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51 2006-12-22 9 OCEAN International Holdings warned it may suffer a loss for the financial year ending Dec 31,2006, due primarily to the increase in costs and expenses, the impairment of assets, as well as the exceptional inventory loss incurred during the industrial incident in August51 words
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Article87 2006-12-22 9 PACIFIC Healthcare Holdings has entered into an agreement with Vision Corporation Holdings to form a 50:50 joint venture company Pacific Vision Medical to establish a network of healthcare and wellness centres in China. Both parties will invest an initial sum of $100,000 each and have87 words
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252 2006-12-22 9 LAUREL TEO - By LAUREL TEO LUXURY hotel group Mandarin Oriental International is selling half of its 50 per cent stake in the chain's New York hotel, an establishment valued at US$34O million. Its 50-50 partner in the hotel, Apollo Real Estate and Related Companies,252 words
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Article, Illustration295 2006-12-22 9 ROLAND LIM - By ROLAND LIM INTERNET telephony firm Mediaßing announced yesterday that it has appointed Lucas Chow as its fourth independent director. Currently the chief executive officer of Mediacorp, Mr Chow will join the Mediaßing board from Jan 1. Before joining Mediacorp in December 2005,295 words
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SINGAPORE NEWS
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SINGAPORE ROUNDUP
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96 2006-12-22 10 THE two major public transport operators have announced an extension of train services for Christmas Eve and New Year's Eve. Users are advised to check the last train timings on notice boards at the respective stations. SBS Transit will be operating four special services for96 words
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Article100 2006-12-22 10 EXXONMOBIL cut its pump prices for petrol yesterday, just two days after increasing prices in a move that was not followed by other suppliers. The latest cut effectively brings ExxonMobil's pump prices back to their level at the start of the week, with the exception of100 words
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48 2006-12-22 10 YELLOW Pages (Singapore) Ltd has gained the licensing rights from the Singapore Land Authority to publish the latest edition of the Singapore street directory. The new edition of the directory, last published by Yellow Pages in 2002, will be available in February.48 words
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Article, Illustration539 2006-12-22 10 MATTHEW PHAN - It plans to focus on 'high severity' risks in five key sectors across Asia By MATTHEW PHAN ASIA Capital Reinsurance Group (ACR), a US$62O million reinsurer that counts Koh Boon Hwee, Hsieh Fu Hua and Lim Ho Kee among its angel investors,539 words
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241 2006-12-22 10 Blackout due to gas supply disruption at Senoko station SEVEN areas in Singapore experienced power cuts yesterday as two gas-fired generators at Senoko power station closed down when their gas supply was interrupted. Power supply to Bukit Batok, Choa Chu Kang241 words
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330 2006-12-22 10 VINCENT WEE - By VINCENT WEE SINGAPORE'S completion of a water distribution network on Gan island in the Maldives has helped to foster better ties between the two small island-states. Speaking at a handover ceremony on Wednesday, Singapore's High Commissioner to the Maldives, Chua Yong Hai330 words
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346 2006-12-22 10 ARTHUR SIM - PROPERTY Committed bid of $21.5m received for commercial plot By ARTHUR SIM THE Urban Redevelopment Authority is to launch a commercial site at New Bridge Road/North Canal Road for sale after receiving a committed bid for $21.5 million. Based on the committed bid346 words
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242 2006-12-22 10 JTC Corporation yesterday offered a 20,122 square metre land parcel at LI Enterprise Road for sale by tender. The site, located off Jalan Boon Lay, was originally on the reserve list of the Government Land Sales programme for this year.242 words
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Advertisement42 2006-12-22 10 v«r *rr?.t*3*€t W W& HIMTM THE ASIAN •w WfeA' •-A: **> /V .-;3ii|fl| jl fi wk > I '.-{hb tt&k.. i X i ■kl 8 1 Imb' 9^ H The Asian Spa |P" Winner, The Award For Excellence-Best Spa Hospitality Asia Platinum Awards 2006-200742 words
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Advertisement27 2006-12-22 10 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WAT3 NOTICES Jp27 words
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ECONOMY WATCH
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373 2006-12-22 11 A voluntary code would have to come from the market itself, says bank chief Bloomberg [BRUSSELS] European Central Bank (ECB) president Jean-Claude Trichet said a voluntary "code of conduct" for hedge funds can "reinforce" current oversight, saying new financial instruments createBloomberg - 373 words
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Article, Illustration553 2006-12-22 11 Inflation likely to rise in euro nations in early 2007, says Trichet Bloomberg [BRUSSELS] Inflation in the dozen euro nations may accelerate, European Central Bank president said on Wednesday, signalling he will probably endorse inter-est-rate hikes next year. "Inflation rates are likelyBloomberg; BLOOMBERG - 553 words
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364 2006-12-22 11 Reuters [WASHlNGTON] US President George W Bush said on Wednesday that he "very strongly" supports reaching a deal in world trade talks that have shown little visible progress since a breakdown over farm subsidies in July. "We've had a lot of discussions hereReuters - 364 words
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471 2006-12-22 11 Bumper year ahead as firms seek finance for M&As Reuters [LONDON] Global mergers and acquisitions (M&As) by fast-growing companies in India, China and Russia will fuel another bumper year for capital markets in Europe, bankers said, as they seek finance for their growthReuters - 471 words
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Page 11 Advertisements
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Advertisement551 2006-12-22 11 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 available551 words
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MALAYSIA/INDONESIA
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404 2006-12-22 12 [KUALA LUMPUR] Quek Leng Chan, owner of the Hong Leong Group, may take a stake in oil rig builder Kencana Petroleum Bhd, sources told Malaysia's Business Times. Mr Quek may buy between 12 and 15 per cent of the company's shares from404 words
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Article, Illustration246 2006-12-22 12 AP [JAKARTA] Indonesia's Supreme Court yesterday overturned the conviction that sent militant cleric Abu Bakar Bashir to jail for more than two years in connection with the 2002 Bali bombings. The ruling was largely symbolic, because Bashir, 69, had already been released from prisonAP; AP FILE PHOTO - 246 words
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Article, Illustration448 2006-12-22 12 QUAH CHOON POH - Extensive flooding from heavy rains also seen jacking up vegetable prices By QUAH CHOON POH [SINGAPORE] All train services between Singapore and Malaysia were yesterday cancelled by Malaysian rail operator KTM after days of heavy rains and overflowing rivers flooded towns and villages in Johor andREUTERS - 448 words
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314 2006-12-22 12 Reuters [NILAI, Malaysia] A Malaysian opposition party accused a minister yesterday of trying to provoke a race row after he said a new memorial to Malayans who fought the Japanese invasion in World War II paid tribute to communists. After WWII, Malaysia waged aReuters - 314 words
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Article2266 2006-12-22 12 VOL Gamuda 482 -0.06 1362 M fW| General Cop 0.65 0.01 63 Genbna .31-2S -0.50 3569 A 8M Realty 133 031 11 ZmxgjKm* 057 unch 0 Abrfc 030 031 25 GHl Systems 0.23 331 1770 ACPMMrtes 130 («h 214 Globetronics Tech J02» unch 373 AcWice Synergy 032 3312,266 words
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236 2006-12-22 12 AFP [JAKARTA] Russian investment giant Alfa Group plans to invest US$2 billion in Indonesia's fast-growing telecoms sector next year through its Altimo subsidiary, a report said yesterday. "We are targeting some kind of stake in one of the larger mobile operators here," Altimo vice-presi-dentAFP - 236 words
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Advertisement27 2006-12-22 12 v v- v- CBOO Have everything you need for work. _e e ***** Sliding QWERTY keyboard GSM Quad-band with GPRS and EDGE Enjoy Mobility Ultra-slim design www.getOopod.com27 words
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GREATER CHINA/INDIA
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541 2006-12-22 13 Beijing more interested in technology China needs: officials Bloomberg [BEIJING] Schaeffler KG, the German maker of precision machinery and auto parts, is finding China is not as welcoming as it once was. Schaeffler has been frustrated in its effort to invest US$l2B millionBloomberg - 541 words
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Article366 2006-12-22 13 Carlyle, Dah Sing sign purchase agreement Bloomberg [HONG KONG] Chongqing City Commercial Bank, owned by the government of China's most populous city, plans to sell a 25 per cent stake to Carlyle Group and Dah Sing Financial Group before an initial public offering. The threeBloomberg - 366 words
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299 2006-12-22 13 Blackstone, Reliance Comm ask banks to fund buyout of the mobile-phone firm in India Bloomberg [MUMBAI] Blackstone Group LP and Reliance Communications Ltd asked banks led by Citigroup Inc and ÜBS AG to lend almost US$l5 billion to fund a buyout of India'sBloomberg - 299 words
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257 2006-12-22 13 Bloomberg [TAIPEI] Google Inc, the most-used Internet search engine, ruled out taking on a Chinese partner as the United States company continues to lose market share to rival Baidu.com Inc. "We have confidence in our current approach" in the nation, Lee Kaifu, MountainBloomberg - 257 words
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Article, Illustration73 2006-12-22 13 [BEIJING] A Chinese boy playing in front of the Olympic rings carved on ice during a winter festival in Urumqi. in China's far-west Xinjiang region, on Wednesday. China recently rejected the charges of rights abuses and announced that reporting restrictions on foreign journalists would beAFP - 73 words
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Advertisement206 2006-12-22 13 3 NOTICES WOT nU 1 IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. s i 0 r A l Jfk m T m rn2 wAIw m In the Matter of THE COMPANIES ACT (CHAPTER 50) AND In the206 words
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Advertisement67 2006-12-22 13 rnall TiongßohruPkiza A^mLs IJ jrjr Tut Business Timesi Price includes delivery on Sat, Sun and Public Holiday only. Price includes delivery on Fri, Sat and Sun only. Offer valid for subscriptions at roadshows only and from now tin 25 Dec 06. To be eligible for a free MP3. gift recipient67 words
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MIDDLE EAST
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402 2006-12-22 14 Dubai bourse set for take-off in 2007, says its CEO Per Larsson Bloomberg [DUBAI] The Dubai International Financial Exchange (DIFX), the Gulfs first bourse open to investors and issuers of any nationality, needs a "sizable" company to list next year to make theBloomberg - 402 words
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227 2006-12-22 14 Bloomberg [ABU DHABI] The Abu Dhabi Securities Market, home to one of the worst performing indexes in the world, will next month implement new regulations to further protect investors and attract more international business. The exchange plans to publish the trades made byBloomberg - 227 words
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Article, Illustration195 2006-12-22 14 Bloomberg [CAIRO] Egypt, Africa's sec-ond-largest gas producer, has secured US$5.4 billion in funding including US$3 billion from foreign sources for a series of projects in the first phase of the country's petrochemical investment initiative. The eight projects will generate four million tonnes of productsBloomberg; BLOOMBERG - 195 words
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Page 14 Advertisements
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Advertisement2979 2006-12-22 14 INVITATION TO OFFER 1997 HAWKER 800XP Serial *****8 Owned and operated by the Queensland Government since new. Current time 4173.7 hrs 3133 landings U557,850,000* (plus Goods and Services Tax if applicable) For information, specifications, terms and conditions of the Invitation to Offer contact Frank Lautenbach, Phone: (07) 3898 9500 or2,979 words
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Advertisement721 2006-12-22 14 In the Matter of the Companies Act, Cap. 50 And In the Matter of COASTAL PETROLEUM (FAR EAST) PTE LTD (In Members' Voluntary Liquidation) (Company Reg. No. *****2616 D) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN that the CREDITORS of the above-named company which it being wound up voluntarily, are721 words
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WORLD
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WORLD WATCH
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Article80 2006-12-22 15 AFP [TOKYO] Japan's Prime Minister Shinzo Abe suffered the first resignation from his government yesterday as his top adviser on taxes quit over a scandal involving his mistress. Masaaki Honma, picked by Mr Abe to lead the Council on Economic and Fiscal Policy, came underAFP - 80 words
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70 2006-12-22 15 Bloomberg Reuters [LONDON] Steel producer Arcelor Mittal has been ordered to pay a 2.4 billion koruna (S$ 176.6 million) fine to Czech tax authorities for overcharging a customer, the biggest ever imposed on a foreign company. Mittal's Czech subsidiary, Mittal Steel Ostrava, overcharged the clientBloomberg; Reuters - 70 words
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44 2006-12-22 15 Bloomberg [BOSTON] Seagate Technology, the biggest maker of computer disk drives, has agreed to buy EVault Inc for US$lB5 million in cash. EVault provides more than 8,500 customers with online access to archived records and data retrieval services.Bloomberg - 44 words
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87 2006-12-22 15 Reuters [CANBERRA] Two workers were evacuated from a Sydney building housing an office of Australian Prime Minister John Howard yesterday after the discovery of an unidentified substance. The workers found the substance, which officials refused to identify, in the basement mailroom. They were laterReuters - 87 words
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Article70 2006-12-22 15 Bloomberg [LOS ANGELES] Apollo Management LP and Texas Pacific Group may take as long as 18 months to complete their US$ 17.1 billion agreement to buy Harrah's Entertainment Inc, the world's largest casino company. The private equity firms may take that long to obtainBloomberg - 70 words
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Article, Illustration912 2006-12-22 15 After courting Europe, the exchange wants to woo Asian bourses LATWP [NEW YORK] The shareholders of both European stock exchange operator Euronext and the New York Stock Exchange have voted for the US$l4-billion merger, creating the first transAtlantic stock market. Euronext operates stock exchanges inLATWP; AFP - 912 words
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Article371 2006-12-22 15 Leading index up 0.1 in Nov LATEST US DATA Reuters Bloomberg AP [WASHINGTON/NEW YORK] A gauge of future economic activity advanced 0.1 per cent in November, suggesting that the US economy will continue to expand modestly in the coming months, an industry-backed research group said yesterday. The Conference Board, basedReuters; Bloomberg; AP - 371 words
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263 2006-12-22 15 Reuters [NEW YORK] In the US, stock options are falling out of favour as a perk amid scandal and accounting and legal changes, according to the Wall Street Journal. In 2001, as the stock market boom of the 1990s crested, nearly eightReuters - 263 words
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Page 15 Advertisements
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Advertisement390 2006-12-22 15 BB Jt: &^H9||| P?' (SSitjff'et 'j&e&grffr Maid 0 date wMi ua sod have a fuMMnQ start to ttia year and catabrotkms. CMatmaa earning by Victoria Junior Colege on 22.23 and 24 Dec torn 7pm to 7 .30pm. tfo Prilartw toSOacZQMt Buftat Lunch SS2MQ*** I BBQ Dlnnar<a,aa.a3*aoOM) SS36UBO+++ Buftat Hnmr SttQJOi390 words
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AVIATION
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Article, Illustration515 2006-12-22 16 Deal brings total order to 20 planes; delivery to start in August 2008 AFP [SYDNEY] Australia's national carrier Qantas yesterday confirmed a U552.36 billion order for eight more Airbus 380 jets, despite damaging delays in the superjumbo's delivery schedule. The airline, which announcedAFP - 515 words
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137 2006-12-22 16 AFP [KUALA LUMPUR] Malaysia's main airport operator announced yesterday it will introduce a surcharge to help pay for tighter security measures. Malaysia Airports said a fee of RM6.O (552.6) for international destinations and RM3.O for domestic ones will be collected as part of the costAFP - 137 words
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419 2006-12-22 16 Bloomberg [DALLAS] FedEx Corp. the world's largest air-cargo carrier, said second-quar-ter profit rose 8.5 per cent on a fuel surcharge and increased global demand while projecting third-quarter earnings that trailed analyst estimates. Net income increased to US$5ll million, or US$l.64 a share, inBloomberg - 419 words
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191 2006-12-22 16 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Qantas* Syd-ney-based discount carrier Jetstar has obtained approval from the Australian regulator for Extended Range Operations (ETOPS) for its long-haul international services for 180 minutes. An important part of the approval process by the Civil Aviation Safety Authority (CASA) involved191 words
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282 2006-12-22 16 It will help users speed through immigration Reuters [JAKARTA] Jakarta's busy international airport introduced an iris scanner system yesterday aimed at business travellers willing to pay around US$2OO per year to avoid long immigration lines. Under the "Saphire" programme, frequent flyers register with theReuters - 282 words
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Article, Illustration50 2006-12-22 16 [LONDON]Hundreds of passengers queueing in Terminal One of Heathrow Airport here following the cancellation of 180 flights by British Airways yesterday. BA said dense fog has forced it to cancel all domestic flights in and out of Heathrow, as well as a number of European services. APAP - 50 words
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Article2150 2006-12-22 16 CUT PLIANT ETA FUCflT CIS AM80 1405 5Q408 1620 WV18 1620 9W17 2310 nffrW "Vlf 1225 QF39M 1620 QF?955 231Q iSg? LM9771 IT* LH9770 2350 *>142 0935 SQ|« W40 5Q26? 2350 !I» iSSZT gg| KU08 i315 ***** 2235 Snf El SS SSB SQ435 0410 £Ttt g2,150 words
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318 2006-12-22 16 AFP [LONDON] Low-cost Irish airline Ryanair said on Wednesday it was retracting its hostile takeover bid for its national carrier Aer Lingus with immediate effect because of a European Commission (EC) probe into the bid. But the budget carrier said that while allAFP - 318 words
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SHIPPING
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Article, Illustration559 2006-12-22 17 DONALD URQUHART - TT Club to cover up to US$25m for any one direct incident per member By DONALD URQUHART [SINGAPORE] The spectre of a "dirty bomb" being smuggled by terrorists aboard commercial vessels has become a dramatic, but realistic concern for the global shipping industry,REUTERS - 559 words
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693 2006-12-22 17 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR BARELY two years after the UK government called on vessel owners and managers to improve the safe operation of "portable bulkheads" (movable walls in cargo holds), it last week reported into another death of a seaman for the same693 words
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311 2006-12-22 17 Bloomberg [ATHENS] UK coast guards detained nine foreign ships in November for failing safety checks, including one oil tanker and two dry-bulk vessels, the highest number since June. A hundred and thirty checks were carried out during the month, finding faultsBloomberg - 311 words
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148 2006-12-22 17 Bloomberg [DUBAI] DP World, the con-tainer-port operator forced to part with six American terminals because of US lawmakers' security objections, agreed to buy control of Mermaid Marine Australia Ltd and combine the company with its P&O Maritime Services Pty Ltd unit. Mermaid MarineBloomberg - 148 words
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Article286 2006-12-22 17 sex < w* '000 0*21 S$ Vol CM Offshore .044 -0.01 725 Chuan Hup .0.31 unch 1243 Cosco Corporation .2 17 -0.02 2095 GOT Distribution .0.60 -0.02 150 Ezra Hldgs .3.80 unch 682 Freight Unks .0.08 unch 796 Grand Banks Yacht 0.88 0.01 40 Jaya Holdings 1.47 unch286 words
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Page 17 Advertisements
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Advertisement16 2006-12-22 17 liv If ,UH Wm WSmMOm i icim z 1 1 FET 1 F sMfe J3SI I16 words
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EDITORIAL & OPINION
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529 2006-12-22 18 EDITORIAL ACCORDING to recently released figures, dual-income households in Singapore now make up 44 per cent of married couples, up from 41 per cent in 2000. It may seem insignificant, but that represents an 18 per cent increase in absolute numbers; it means there are529 words
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Article, Illustration789 2006-12-22 18 SHADA ISLAM - THE BOTTOM LINE SHADA ISLAM Brussels Correspondent THE European Union's decision to partially freeze membership talks with Turkey is a tough blow to Ankara's 40-year-old bid to join the Union. But it is only the first of many hurdles Ankara faces in789 words
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Article, Illustration1193 2006-12-22 18 MICHAEL LEWIS - Discover how to defend yourself and your money from the jealous and angry faction within the middle class that, come the holidays, is especially difficult to avoid: your extended family By MICHAEL LEWIS Bloomberg ONCE again the rich have gotten richerBloomberg; AFP - 1,193 words
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Article, Illustration1799 2006-12-22 19 STEPHEN ROACH - Bernanke's spin continues to downplay the role that the US is playing in creating its bilateral imbalance with China By STEPHEN ROACH FEDERAL Reserve chairman Ben Bernanke offered the Chinese much in the way of good advice in a speech he recently gave in Beijing as partREUTERS - 1,799 words
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930 2006-12-22 19 JEREMY RIFKIN - By JEREMY RIFKIN THE coming year marks a great milestone in the human saga, a development similar in magnitude to the agricultural era and the Industrial Revolution. For the first time in history, a majority of human beings will be living in930 words
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Article10350 2006-12-22 20 SGX MAINBOARD 52-WV Tel Last Vol Day Last Quote Dhr GrTId Nat MCap High Low Coda Company Sala fOOO) Wgh Law Buyer Salar Cw Wt SaaJI 3.5 1 5716 1st Software 2 unch 7306 2 2 2 2.5 11 11.5 6 3148 8Telecom._ 9 unch 170 9 910,350 words
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Page 20 Advertisements
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Advertisement41 2006-12-22 20 TVade from 20% deposit (6 x leverage) on most stocks Go long or short Competitive financing rates in aH markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices A -l' <■ > t |i i AM oorppetitive commission cnarges41 words
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Article5394 2006-12-22 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES •> lool aarr la SI la IKS %dy y» %tf|r *yr Ot» lnri«» Change Change Chang* Change Changa Ounf World Indw Prelitranary *****4 03 134 03 93 03 W EAR Pteferenary ***** 0.6 13.1 OS 113 05 735 Fuicpe Preliminary 1487.9 03 1555,394 words
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Page 22 Advertisements
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Advertisement966 2006-12-22 22 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DD SUCCESS RDM/ATW/BMN/TLB/NAN MATIRA CAM/NFK/NOl/SAV load, Singapore, E./W. Malawi,, UxhJ, E./W. lndon«io MIDDLEJASTWRV.CE lERVICE Destination J SAFE DBI/ABU/DOH/BRN/DMM/KWT Destination VANGUARD DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk, breakbulk, mineral ores, project966 words
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Advertisement35 2006-12-22 22 0 DST Lines Pte Ltd giBtIWMCTOOOI (100KHC AGtWT FOB TRAMPtR VPSBS) BREAKBULK RORO XINGANG SHANGHAI SINGAPORE DOHA for oaquklos, pitas* email to sales@dstlines.com Or call us ot *****329/*****728/*****683 or lax *****347 Attention: Mr K. Y.35 words
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Advertisement601 2006-12-22 22 'fj>3 DONCNAMA LINE OOKTAiNWItfIPSgIVKm VESSEL (EYERT SUN) VOY SGP HKG KOTA HAIMUM HM3I3 24/11 21/12 KOTA HASH HAS 439 11/12 04/01 VESSEL (EVBY SUN) VOY SGP HKGND TIY YOB KOK Ma FOtUMi Mm 24/12 21/12 01/01 02/01 04/01 TM ***** 31/12 04/01 00/01 09/01 11/01 VtSSadVBYRI) VOY I SOP HKG601 words
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Advertisement688 2006-12-22 22 IIMMJMt MMM i■i .1 ii'i r n VBSR/VOT RAMPED HBOHTQH) KG KOI L 3 UN JKT ORCHID EXPRESS 8? SO IS 73/12 24/12 STRATTS EXPRESS 10 30 4 01/01 02/01 04/01 VBSa/VOY KAMPdm HBGHTW uV a m STD MR ABE fRE IT IMI I Ifl 1 FESU/031 50 4i 19-19/11688 words
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Advertisement1634 2006-12-22 23 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/K IrrrA imu TH:*****588 (MINKS) FAX:*****163 V\\N 1 WAN HAI I iNFN W/looUg.DHctLfa-(1800)*****200 I*V Ifflll I Inl klllkii# miHiinisMtiMNUbmiMnmnHniMzaumiUbMntMM V JOH TH: (07) *****73 FAX: (07)*****21 SWTH: 1031) *****75 FAX: 1431) *****14/ *****05 WWW wonhoi cam ta JKT TIL (021) *****44 FAX: (021)1,634 words
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Advertisement933 2006-12-22 23 |~r-\ EASTERN CAR LINER, LTD W j SPEQAIIZE W RORO ft HEAVY UFT WTO 450 TONS~] mtuhuu savta Ivor ite* Ism iff rum rmw) |pnn|*t|sw|io|n»[itu I kota uubalu GOIDMENAM 75 40 122 124/12 25/12 HftT 01/01 03/01 ASami ~K~~*T IK/II COSMKMASTB 105 40 120 124/12 30/12 "li7iT" 05/01 01/01 BflfiutttWtt933 words
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Advertisement173 2006-12-22 23 "SBRBRBPI BREAK BULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM SPORE TO KARACHI Ivtssa I VOTMg IT> SBIGAfOM FH KAtAQi MUUmwatrtfcH 039HW 10-15.01 JOO7 20-25.01.2007 mv* SEA-PAC MANAGEMENT PTE. LTD. 70 Anion Rood *17-07/08 Apw Towtr, Singapore *****5 TeUphon* 6270 0977 II FocsimtU: 6275 2309 V|| T«Uk RS ***** SttMC PjMCT173 words
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Advertisement641 2006-12-22 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS KBSa WT SHI fJQANG (OCOMIO IM SHW I (010)00 HOIAraiAM* TMO49 HPK 20DK 23 DK 2* Dtt »PK howww jsaw ma vw. wpk km* tourawm imwwl miu |03mi| otm cwjaw I irgj MSO Kanw fa K) OXMI641 words
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THE BUSINESS TIMES SHIPPING TIMES
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6701 2006-12-22 24 This ETA ETA Atfvartfear Vassal Voyaga Tatapfcana ETA HA Advartkar Vassal Voyaga TiliphiHi SIN Dasfn Nam Name Number Numbar SW PmT« M— ll —Mr M—*ar in iT iii iMniniomwuiwrriiwmmmmm-itmm rmmmnmmmmm ammHm&KmMmKHMmmmmHBmmHHMnHtmKKHmmmmmm To BANGKOK (BKK) 2038 Thailand TO ABIDJAN (ABJ) 2003 Cote D'tvoire 3Cyi2 03/016,701 words
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Advertisement491 2006-12-22 24 IeVMXIODHH IRISL, Qfh® IkargjmQ Ah®? to (JUm Mikstl® BseO? ossmpQs (3QfhlP&mjlh MM to lp(°)3mQ3 to lltflsim @3 to <3X& (s&ytnQtitim to Q(h® <fc}£fr£Bi) ifrsimft) (fim&o SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: IRISL ASIA PTE LTD SINOSE MARITIME PTE LTD BOUSTEAO SHIPPING AGENCIES SON OHO491 words
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Advertisement360 2006-12-22 24 9m —Wirni umba firs H7n iut mmm wti nro vm AIAMJAYA WW H7TC JIW MM W7? JT7T? W7BI jgjßjg ilmi h/h Hyif fmwiwi *w o//bi w/ii WWMT 7?7T5 ®*iiu |fr ls7T3 ST7H 1 Maw Iffiwlff/i* IBWPI Ml MP 6 1 SiMA» jOHTAWft 014 21/11 31/11 fmßKfill 1 fffjj/ X/il M/Oj360 words
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Advertisement278 2006-12-22 24 CONVENTIONAL SERVia ETA SIN LOADING FOR 25 DEC DUBAI, DAMMAM, KUWAIT 30 DEC MALE, COLOMBO 30 DEC CHENNAI 04 JAN SHARJAH, DAMMAM, DOHA, KUWAIT 06 JAN BOMBAY Irak GLORY NAVIGATION GROOPI SINCE 1970 OWNS OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING THE ENTIRE ASM PACIFIC PORTS278 words
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executive lifestyle
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625 2006-12-22 26 jaime ee - off the cuff jaime ee IT could well have been the 24 hours that changed our lives, when all of Singapore was united in misery as more rain than we thought could possibly fall from the sky did and the625 words
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Article, Illustration1077 2006-12-22 26 CHEAH UI-HOON - Luxury goods retailers are beaming this year-end as those with huge bonuses up their spending. CHEAH UI-HOON finds out what items are bestsellers with these big spenders CHEAH UI-HOON SANTA Claus has clearly been busy in the accounts department this month, doling out bonuses of six1,077 words
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Page 26 Advertisements
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Advertisement12 2006-12-22 26 H BOOKS Vikram Chandra: An attempt to understand his world PG 2812 words
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WINE
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Article, Illustration1083 2006-12-22 27 N K YONG - For the more adventurous who prefer to go off the beaten track, N K YONG suggests some choices N K YONG AFTER the whites come the eagerly awaited reds! The choice is wide, to some extent dependent on the main course, be it traditional roastFILE PHOTO - 1,083 words
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Page 27 Advertisements
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Page 27 Miscellaneous
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Miscellaneous378 2006-12-22 27 CRYPTIC CROSSWORD 5 Fence has this metal at front ACROSS (4) 1 !!l ver P 's!! d ZSSL* 6 Retire as Head of Governhome is deteriofatingi 10) ment having got booted out 9 Henry and Thomas brought (2 2 3) back insect (4) -j p ajr come to dance when378 words
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BOOKS
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Article, Illustration802 2006-12-22 28 PARVATHI NAYAR - It was seven years in the making. Vikram Chandra tells PARVATHI NAYAR what made him write his third novel, Sacred Games PARVATHI NAYAR UC Berkeley lecturer and novelist Vikram Chandra's latest book, Sacred Games, has created quite a stir, not just because of itsAFP - 802 words
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Article, Illustration426 2006-12-22 28 PARVATHI NAYAR - WORDS FROM THE TOP Colin Kelly, regional director, Asia Pacific of Rolls Royce, talks to PARVATHI NAYAR about books as gifts and inspiration PARVATHI NAYAR Do your work interests spill over into your reading tastes? A: For sure. A book that immediately comes to mindARTHUR LEE - 426 words
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Page 28 Advertisements
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Advertisement62 2006-12-22 28 HF I [mH^HHj^BjaHß^HKffijH. digital camera: $900 :j m//fr JyflM jsfct j H I 'iTS^i^®! l4 designer sunglass*#Ts3oo 'j&L i I with /our favourite tray^G|P||^tt3^riceless" > '^ikte^^^^^^^^^^^^^^H HH9i '*^*'H HHSi^HI •f'f-1 y'fi 3K i§i .c'Y «Bpv iMWWr HL xr <«?%- TfcV w "»0 ?jl!A> IsJil' II '.I. Js ,-'i' >*■€» g[MU62 words
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CINEMA
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Article, Illustration666 2006-12-22 29 PARVATHI NAYAR - Deepa Mehta talks to PARVATHI NAYAR about the issues her movies explore and her controversial 'Water' PARVATHI NAYAR INDIA-born; Canada-based writer/director Deepa Mehta has been called "Canada's most internationally renowned woman film-mak-er". However, it is her films about India for which she is most famous666 words
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Article, Illustration502 2006-12-22 29 PARVATHI NAYAR - By PARVATHI NAYAR IN October this year, The Theatre Practice staged a handsomely produced and well-acted revival of Cao Yu's seminal 1934 play, Thunderstorm. One admired the tale's contemporary content a simmering stew of murder, madness, incest and vengeance but the formality of its structure left502 words
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Article, Illustration332 2006-12-22 29 PARVATHI NAYAR - By PARVATHI NAYAR "WHAT if you're wrong, and you're just an ordinary guy who should get a job," asks young Nicky of his father Larry Daley (Ben Stiller) in Night at the Museum. Larry's wildly ambitious, money-making inventions are all doomed to failure usually332 words
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Article, Illustration302 2006-12-22 29 PARVATHI NAYAR - DVD By PARVATHI NAYAR THE heart of the 2003 monster hit Pirates of the Caribbean was Johnny Depp's fey turn as the pirate Jack Sparrow. Equal parts amoral rake and campy comic, Sparrow was unlike anything we had seen on screen. It302 words
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Article, Illustration189 2006-12-22 29 Parvathi Nayar - By Parvathi Nayar DEEPA Mehta's Water looks at the idea of oppression, both of women in a patriarchal society and an entire country by colonialism. The setting is India in 1938; the rise of patriotism and Gandhian idealism threatens the set ways of the Hindu189 words
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Advertisement10 2006-12-22 29 ■BPP HfJ SHEik h. ranasßug IsALM H Storewide 30% Off10 words
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