The Business Times, 2 January 2007

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Total Pages: 22
1 22 The Business Times
  • 22 1 THE BUISNESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 202/12/2006 Tuesday, January 2,2007
    22 words
  • 1235 1  -  Traditional faves reap strong gains for investors By MICHELLE QUAH [SINGAPORE] Despite the constant emergence of new investment theories, conventional market wisdom appeared to be the best bet in 2006. Last year's tally of the top gainers and losers in the stock market showed strong
    1,235 words
  • Page 1 Advertisements
    • 202 1 HHHH LOOKING BACK ST INDEX AVIATION Last year's Europe's new giant leap emission rules i»mmpi>>W7 V i5iM^BMM^^Mll^M Si Bi. F HAPPY NEW YEAR, SINGAPORE j: j» [SINGAPORE] This view from Marina Mandarin Hotel signifies the end of the year2006. Against a backdrop of breathtaking fireworks and (V sea of wishing
      202 words

  • TOP STORIES
    • 792 2  -  WALL STREET: OUTLOOK 2007 Investors may take some profits after a robust 2006 while declining earnings will also weigh on the market, say analysts By ANDREW MARKS in New York US MARKETS will be late starting the New Year, with the New York Stock
      792 words
    • 903 2  -  M'SIAN POLITICS: YEAR IN REVIEW 2006 PM likely to delay call for general election to 2009 By S JAYASANKARAN in Kuala Lumpur IT HAS been a turbulent year for Malaysian Prime Minister Abdullah Ahmad Badawi and the likely fallout is that the general
      903 words
    • 622 2 Junta blames Thaksin and his supporters Reuters, AP. AFP [BANGKOKI Foreign governments urged their citizens in Bangkok to stay indoors as Thailand yesterday grappled with the mystery of who ordered a series of blasts on Sunday. Eight blasts struck in various locations across Bangkok late
      Reuters,; AP.; AFP  -  622 words
    • 480 2 PM's 2007 growth forecast conservative: analysts THE Prime Minister's economic growth forecast for 2007 is conservative and is likely aimed at cooling overheated expectations after a year of strong growth, said analysts yesterday. In a New Year's Day address that contained few surprises, Prime Minister Lee Hsien Loong
      480 words
    • 708 3  -  NEWS ANALYSIS Implementing open skies may be more effective By VEN SREENIVASAN [SINGAPORE] Within the next five years, airlines operating over European skies could be forced to play by new emission rules announced by the European Commission last month. Under the proposal,
      REUTERS  -  708 words
    • 558 3  -  By ANTHONY ROWLEY in Tokyo JAPAN'S powerful business lobby, Nippon Keidanren, stepped into the political arena yesterday by calling for a rise in Japan's national consumption tax. The call comes at a sensitive time for Japanese Prime Minister Shinzo Abe who is anxious to
      AP  -  558 words
    • 793 3  -  They say 4-6% estimate could be aimed at cooling expectations By CONRAD TAN [SINGAPORE] The Prime Minister's economic growth forecast for 2007 is conservative and is likely aimed at cooling overheated expectations after a year of strong growth, said analysts yesterday. In a New
      793 words
    • 161 3 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to asial.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS WMk Chg* STI .2965.83 +43.44 KICOMP 1096.24 +1652 NIKKEI 225 *****.83 .._+120.87 HANG SENG *****.72 ....+*44.20 SET INDEX
      161 words
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  • Page 3 Advertisements
    • 56 3 mem 7 ~..y 1 1 l||y T Y „,|,I mi t, In miij HI, HWMJ IK IWWiiilliimir Maim 111 liaiwn —I ll =fmic4 Get a Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages J Call Bernard Ong at 6319-1 645 or Michael Chng at
      56 words

  • COMPANY NEWS
    • 1883 4 Consensus No.of Forecast Mean Frfs recommendation esti- EPS K target price Company name This wk Last mth mates (cents) (ratio) price Allco Commercial REIT 1.33 1.33 3 5.20 20.% 1.21 1.11 Allgreen Properties 2.33 2.22 9 5.28 24.81 1.35 1 31 Allied Technologies 2.50 2.50 2 0.95 11.05
      1,883 words
    • 645 4  -  HOCK LOCK SIEW By R SIVANITHY ONE of the most oftenheard criticisms of trading warrants is that it is very risky. This much is true to some extent like any stockmarket instrument, there is always risk of loss. But it is also not true to say that
      645 words
    • 331 4 SingTel wants UK group off Bharti board: reports Reuters IMUMBAI] Singapore Telecommunications wants representatives of Vodafone off the board of mobile phone operator Bharti Airtel due to the British firm's interest in Hutchison Essar, newspapers said on Saturday. Sing Tel has a 30 per cent stake in
      Reuters  -  331 words
    • 753 4  -  TECHNOLOGY: OUTLOOK 2007 Launch of new Windows operating system may spur PC replacement By OH BOON PING THE technology sector looks set to improve in 2007, with growth fuelled by higher IT spending and the launch of Microsoft Vista, among other drivers,
      AFP FILEPHOTO  -  753 words
    • 3764 5 MM COMPANY CLOONG CLOSING 0CC29 OK 10 CHANGE MM IMS t m <s) 1 ONAn 0J80 0.050 MftO MAE Engg 0.150 0022 5614 3 Hfcftns 0370 0.060 5107 4 See Ifcf) Seng 0340 0 060 4K7 5 Nylect 0265 0.050 4300 6 Ybngnam
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  • 2006 MARKET REVIEW
    • Article, Illustration
      1945 6 Many themes underpinned the Straits Times Index's stellar performance of a 27-per-cent gain last year a strong oil and gas sector thanks to record oil prices, a reflation play involving the banks, the continued interest in China stocks, the "buy emerging Asia" rallying cry among investors, a
      PHOTOS: FILE PHOTO; CHART: BLOOMBERG ARTWORK: JASON LEONG  -  1,945 words


  • 2006 IN PICTURES
    • 1216 8  -  By VINCENT WEE 2006 was a year of big numbers, big stakes and bullish sentiment. The resurgent economy brought waves of investment and optimism to our shores, but also winds of change. Meanwhile, those who strayed from the straight and narrow were brought to account as
      ST FIIE PHOTO; AFP; LIANHE ZAOBAO; ST PHOTO; Photos by ARTHUR LEE and YEN MENG JIIN  -  1,216 words


  • SINGAPORE NEWS
    • 297 10 h|—I b Ms Pwf ft)»il b tab taf AIlgre«n q 37 50 ?0-0«t 2fr0* tm NoatGiftttm) t 2CD U-0ec IMtoc 09-Hn AmMik _l UnODOTA 29Qtt It-to Nort Gtfts Ind i IX 12-Ok 1»0ec 09-ton AfiaPacaraw f 6.SH 2»to» Ql-Nb 12-1* Popular Htdy m 050 M-ton 09-tor 22-ton Asia
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    • 1270 10  -  MOTOR INDUSTRY: YEAR IN REVIEW 2006 Cheap cars ruled when COE premium for Cat A fell below $10,000 mark By SAMUEL EE 2006 MAY have been a roaring year for Singapore businesses but the irony is that it will probably be remembered in
      FILE PHOTOS  -  1,270 words
    • 429 10  -  By CONRAD TAN BARCLAYS Wealth, the private banking arm of UK banking group Barclays pic, is planning to expand its wealth management business in Asia, despite the keen competition. But in contrast with the fierce poaching of staff seen among some other
      429 words
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  • MALAYSIA/INDONESIA
    • 551 11 They are said to be in talks to realise world's Ist low cost global network AFP, Reuters [KUALA LUMPUR] Three of the world's top budget carriers including Richard Branson's Virgin, will soon form a global alliance based in Malaysia to fly
      AFP, Reuters  -  551 words
    • 729 11  -  IPOS: YEAR IN REVIEW 2006 By PAULINE NG in Kuala Lumpur THE Malaysian market raised a paltry RM2 billion (SsB6B million) in initial public offerings (IPOs) last year due to a dearth of big listings. Total company flotations came to 39 or about half
      PHOTO  -  729 words
    • 3128 11 Transaction date: Dec 29 For a full listing of the closing prices, log on to BT Online at http://business-times.asia! .com.sg after 11.30pm every trading day HONG KONG vol HKS *1- 000 Aeon Credit 6.05 -0.44 102 Aeon Stores 8.60 -0.27 0 Angang New Steel H 1140 0.58 3929
      3,128 words
    • 192 11 Bloomberg [JAKARTA] The Jakarta Stock Exchange expects the number of new listings on the bourse to double in 2007 as faster economic growth in Indonesia may lure more companies to raise funds by selling shares. The exchange targets 25 new listings this year compared
      Bloomberg  -  192 words
    • 269 11 AP [JAKARTA] Rescue teams were dispatched after a commercial Adam Air passenger plane with more than 100 people onboard sent out a distress signal while flying in bad weather in Indonesia, the transport minister said yesterday. Hatta Radjasa said a
      AP  -  269 words
    • 337 11 AP [BEIJING] The Industrial and Commercial Bank of China (ICBC), which had the largest-ever initial public offering (IPO) last October, yesterday said it had agreed to acquire the small Bank Halim of Indonesia in its first such overseas purchase. ICBC said it would buy
      AP  -  337 words

  • GREATER CHINA/INDIA
    • 282 12 AFP (BEIJING] China, which doubled its car exports last year, plans to introduce a system of quotas to weed out local vehicle makers that are too small to be serious global contenders, state media said yesterday. China's car industry exported a total of340,000
      AFP  -  282 words
    • 54 12 AP An Indian Sadhu. Hindu holy man. sports a "tilak"on his forehead with the digits "2007" to observe the New Year in Allahabad. India, yesterday. Tilaks are distinctive marks made on the forehead or the brow with clay, ashes or sandalwood paste, as an indication of
      AP  -  54 words
    • 546 12 Bad weather and faulty repair ship causing delay, say telcos, regulators ITAIPEI) Repairs to undersea rabies damaged by an earthquake off southern Taiwan have been delayed by bad weather and problems with a repair ship, according to Asian telephone companies and regulators. The "schedule
      546 words
    • 288 12 Cabinet on Dec 29 eased curbs on chipmakers Bloom berg [TAIPEI] Taiwan is a sovereign state that doesn't belong to China, Taiwanese President Chen Shui-bian, said in his New Year's Day speech, and restrictions on investment on the mainland will stay. Mr Chen
      Bloom berg  -  288 words
    • 240 12 (TOKYO] Japan's second largest automaker Nissan Motor plans to invest some US$B4O million in the construction of car factories in India, a newspaper said yesterday. Nissan is considering two or three coastal cities in western and southern India as possible locations, and plans
      240 words
    • 278 12 Reuters (BEIJING) China has formally approved the establishment of a new postal savings bank, setting the stage for the transformation of China Post's vast network of savings accounts into an independent financial institution. The China Banking Regulatory Commission (CBRC) said on its
      Reuters  -  278 words
    • 526 12 AFP (NKW I>l-1.1 ll| India's fouryear stock market bull run could stumble in 2007 amid expectations that the torrid growth pace of Asia's fourth-biggest economy will slow, analysts say. The 30-share Bombay Stock Exchange (BSK) Sensex index finished 2006 up a record 46.7
      AFP  -  526 words
    • 227 12 AFP [BEUING] China as a nation has grown in stature since unleashing its economy more than two decades ago but so havp its people, who are getting taller, state media reported on Saturday. Chinese children are an average 6 cm taller and roughly 3 kg
      AFP  -  227 words
    • 445 12 Reuters [AHMEDABAD] India completed construction of a highly ambitious and controversial dam on Sunday, nearly two decades after it launched the project which environmental groups said will destroy the lives of hundreds of thousands. Authorities hailed the completion of the Sardar Sarovar dam in
      Reuters  -  445 words
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  • ASIA-PACIFIC/WORLD
    • 502 13 South Korean govt to avoid any replay of economic crisis of 1997 or 2002 AFP. Reuters [SEOUL] South Korean President Roh Moo-Hyun has called for tight management of the property and financial markets so as to avoid any risk of an economic crisis. Mr Roh
      AFP.; Reuters  -  502 words
    • 227 13 Reuters [LONDON] The London Stock Exchange (LSE), which is currently being stalked by US rival Nasdaq Stock Markets, said on Sunday that companies listing on its markets raised a record £27.9 billion (SsB4 billion) last year. The exchange has staked its defence
      Reuters  -  227 words
    • 457 13 CRACKING THE CODE AFP [SAN FRANCISCO] YouTube and Warner Music Group rang in the new year online despite a seemingly broken promise by the superstar video-sharing website to have an anti-piracy system in place by 2007. Music and messages from Warner artists and
      AFP; REUTERS  -  457 words
    • 490 13 NYT [SAN FRANCISCO] An anonymous computer programmer may have skewed the competition over standards for highdefinition DVD discs, by possibly defeating a scheme that both sides use to protect digital content. The standards, HD-DVD and Blu-ray, are being backed by rival coalitions of
      NYT  -  490 words
    • 506 13 AP [BANGKOK] Tarisa Watanagase's first big decision in her new job may have sent shivers down international investors' spines, but Thailand's first female central bank chief is hanging tough as she tries to rein in speculators and salvage her credibility. The
      AP  -  506 words
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  • SHIPPING/AVIATION
    • 590 14 Numbers may rise as some picked up by ships headed for different ports Reuters (TUBAN, Indonesial At least 200 people survived the sinking of an Indonesian ferry, the health ministry said yesterday, even as body bags were being prepared for victims and
      Reuters; AP  -  590 words
    • 402 14 Increased security costs mandated by Belgian govt cited for increase in April Bloomberg [BRUSSELS] Brussels Airport will raise landing fees levied on airlines by 34 per cent as of April because of increased security costs mandated by the Belgian government. The unit
      Bloomberg  -  402 words
    • 157 14 Xinhua [ANKARA] The Turkish Maritime Undersecretariat will put into practice an automatic identification system (AIS) against human, narcotics and arms trafficking in Turkish territorial waters, the semi-official Anatolia news agency reported on Sunday. Any vessel that enters the Turkish territorial waters would
      Xinhua  -  157 words
    • 235 14 Bloomberg [HONG KONG] Orient Overseas (International) Ltd (OOIL). a Hong Kong-based shipping line, agreed to sell and lease back eight vessels worth about US$4BO million to a venture backed by HSH Nordbank AG, to help pay for new ships. The firm
      Bloomberg  -  235 words
    • 855 14 OTf MIT ITA MM TP Hill um*4ak*4 95 MB mm I ItrilagawM ■iipME "J HI >£1 ii CIMTmmi 50*79 0705 *■»«> mm 111 11 if mil iiril If gll 11 M C"mnh»mi SQ352 0100 3£ 88 3bb m mbr] HIS HaKoa TH943 1425 TW42 0610 mm
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    • 547 14 Reuters (AMSTERDAM) The port of Rotterdam, Europe's biggest, realised a 1.7 per cent growth in cargo volumes last year, keeping levels at all-time highs, but growth capacity would be limited in the short term, the port said on Friday. The port
      Reuters  -  547 words
  • Page 14 Miscellaneous
    • 199 14 CRYPTIC CROSSWORD 1 Vehicle on course (4-4) 2 Making a purchase? (8) (8) Across: 1 Chaplains, 9 Aconite, 10 3 Not the only one on the 15 a y pothing for drinks ma- Gainsay, 11 Panther, 12 Cha-cha-beach (6) chine (8) cha, 14 Enabling, 15 Priest, 17 4 Avaricious newsman
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  • EDITORIAL & OPINION
    • 547 15 EDITORIAL THE past year has been, to say the least, rather inauspicious for monetary cooperation in East Asia and it may take something of a regional monetary crisis in 2007 to get policymakers aligned behind the idea that the determination of exchange rates cannot simply
      547 words
    • 1298 15  -  Critics of the deal have pointed out by allowing the sale of civilian nuclear reactors and fuel to India, other countries such as Iran or N Korea would be encouraged in their nuclear plans YOGI AGGARWAL WHEN US president George W Bush signed a
      AP  -  1,298 words
    • 833 15  -  THE BOTTOM LINE LEON HADAR Washington Correspondent THERE was a certain End-of-an-Era feeling in Washington in the last two weeks of 2006. In the aftermath of the Republican loss of Congress in November, interpreted by most pundits as the American public's repudiation of President
      833 words
    • 938 16  -  Latin America has clearly taken a turn in a new economic direction, and it looks to be overwhelmingly positive By MARK WEISBROT IHT ANEW wave of Latin American leaders is changing the face of the region and its relations with the United States, multilateral institutions, international
      IHT; AP  -  938 words
    • 1077 16  -  Governments should continue to track and eradicate the disease By JASON GALE JOHN LAUERMAN Bloomberg BIRD flu infected fewer humans in the second half of last year, prompting experts to point to a new enemy in the fight against a possible pandemic: complacency.
      Bloomberg; AP  -  1,077 words


  • 11305 17 SGX MAINBOARD Week ended: Dec 29 Tal Last Vol Weak Last Quota Mv GrVW Nat MCap M# Low Cede Company Ml W- COW) HWi Low —i* S<fct Cw Ht $13 35 1 5716 1st Software 2 susp 6,1 115 6 3148 aTetecom &5 unch 1555 9 8 8.5
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  • 6337 18 FINANCE COMMODITIES SGX DERIVATIVES TRADING Dec 29 OPEN HIGH LOW SOT VOL OWNT EURODOLLAR FUTURES M«i07 94 600 0 8079 Jun07 94 785 0 4928 >p07 94.945 0, 7403 0«c07 95.000 0 1964 RJBOTPIWTUIB M«r07 ***** 99 325 99 320 99 320 346 ***** Mjn07 99 220 99 220 *****
    6,337 words

  • Page 19 Advertisements
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    • 535 19 «Hw WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VBSE VOY RANT HBCHT SM UK MAO SAY Ml 0»f UUMT U707 400Im> 4.4 M 08/01 M/ 02 12/02 17/02 IS/02 TALISMAN Af7o3 3201 M 4.4 M 19/01 11/02 20/02 24/02 20/02 24/02 TAHOWGA A 1705 BWm 4.25 M 09/02 OS/03 14/03 11/03 23/08
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  • THE BUSINESS TIMES SHIPPING TIMES
    • 4022 21 ETA ETA A4*trtinr Vessel Voyage Telephone SIN Desfn Heme Mane n tMiili n To ADELAIDE (ADL) 2007 Australia 14/01 02/02 ChiraShpg ANl EMBLEM 041S *****896 14/01 ***** PTDjakarta ANL EMBLEM 041S *****202 21/01 09(02 China Shpg ANL ESPRIT 034S *****698 21/01 09/02 PTDjakarta ANl
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  • PROPERTY
    • 642 22 PROPERTY: OUTLOOK 2007 Demand to pick up as economists see interest rates cut in second quarter AFP [BANGKOK] Thailand's property market is expected to rebound in 2007 amid expectations of falling interest rates, after a year of uncertainties that plagued consumers' confidence, analysts said.
      AFP; FILE PHOTO  -  642 words
    • 560 22 Enthusiasm for property trusts waning in HK Reuters [HONG KONG] Regal Hotels International Holdings Ltd has put on hold plans to spin off its hotels because of waning enthusiasm for Hong Kong property trusts, but still hopes for an IPO in early 2007,
      Reuters; BLOOMBERG  -  560 words
    • 300 22 Reuters [BEIJING] China's first law on property rights is likely to pass at this year's parliament session after years of delay, but Hong Kong reports say mainland media have been banned from freely reporting on the contentious bill. State media on
      Reuters  -  300 words
    • 410 22 Bloomberg [LONDON] UK banks granted the most loans for home purchases in five months in November, a sign that the property market is holding up after two interest-rate increases this year, a report from the British Bankers' Association showed. Lenders approved 77,788 mortgages,
      Bloomberg  -  410 words
    • 142 22 [LONDON] Nine UK property companies will formally convert to real estate investment trusts, or Reits, this week as the newest asset class on the London Stock Exchange begins trading, The Sunday Telegraph reported. The companies include British Land Co pic,
      Bloomberg  -  142 words
    • 583 22 Reuters [MIAMI] On a piece of prime bayfront property near downtown Miami, weeds climb the steps of the sales office for Onyx 2, a planned waterview condo where apartments were to sell for USSSOO,OOO to US$2 million. A sign reads "For Sale.
      Reuters  -  583 words