The Business Times, 16 January 2007

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Total Pages: 30
1 30 The Business Times
  • 19 1 THE BUSINESS TIMES SlNGAPOffe*i»*r online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Tuesday January 16,2007 immmmKlmmmmmmMmmmm-
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  • 468 1  -  With the US$625m deal, STT and Qtel will pursue investments in selected key Asia-Pac markets By SIOW LI SEN [SINGAPORE] Qatar Telecom is pumping US$625 million into Temasek-con-trolled Asia Mobile, which will seek out mobile ventures in the fast-growing Asia-Pacific region. A joint
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  • 495 1  -  Views sought from all groups to form good package By DANIEL BUENAS in Cebu THIS year's Budget will do more than maintain the status quo, and will help make the country stronger as Singapore prepares to meet challenges ahead, Prime Minister
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  • 137 1 STI 3,035.58 (+26.49) ST INDEX FUTURES 3,037.00 (+26.00) SIMSCI 369.13 (+3.74) SIMSCI FUTURES 369.10 (+4.30) MARKETS Monday Change KLCOMP 1,127 41 +8.08 NIKKEI 225 17,209.92 +152.91 HANG SENG 20,068.56 +455.15 SET INDEX 650.31 +10.60 JAKARTA COMP 1,730.475 +52.431 MANILA COMP 3,019.06 +26.73 SEOUL COMP 1,390.96 +2.59 SHENZHEN B
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  • Page 1 Advertisements
    • 10 1 COMPANIES SamGoi, Koh Boon Hwee buy into JEL page 7
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    • 91 1 profit up 62% PAGE 7 ti v |W|jßß|B| HHp* ij^WF DESMOND WEE/ST Launch of Fort Canning Tunnel; more roads to be built underground in future page 8 Capita Land plans to buy 35 China malls worth USsl.3b page 2 Mitsui Oil Asia to shut down following USsBlm loss by naphtha
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    • 24 1 SME V~oB SPOTUGHT WZW Hiap Seng Engineering is upbeat page 12 PROPERTY Indian bank to buy apartments for staff use PAGE 30 HRhH f'fH
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  • TOP STORIES
    • 603 2  -  Move will make group the biggest mall owner and operator in China By ARTHUR SIM [SINGAPORE] Capita Land is making a giant investment leap in China's shopping mall business with a plan to buy over 35 malls worth US$l.34 billion through
      603 words
    • 407 2 MDA introduces two types of licences for Internet TV THE Media Development Authority of Singapore will now offer two types of licence to companies that are looking to stream TV content over the Web to homes and businesses. One is for services with a base of more than
      407 words
    • 466 3  -  Move follows last year's US$81 m loss by naphtha trader By RONNIE LIM [SINGAPORE] Mitsui Oil Asia is being shut down following last year's loss of US$Bl million in unauthorised speculation by one of its naphtha traders. Mitsui Oil Asia (MOA) is a Singapore
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    • 729 3  -  By ANNA TEO [SINGAPORE] The Asian economies could be in for something of a rough ride this year, says Deutsche Bank's Asia chief economist, whose forecasts see 2007 global growth turning out "a little bumpier" than the consensus soft landing. But the
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    • 328 3  -  Move aimed at increasing competition By WINSTON CHAI [SINGAPORE] A new licensing policy announced yesterday by the Media Development Authority of Singapore (MDA) is intended to boost competition in the emerging Internet television market. As part of the changes, the regulator
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  • Page 2 Advertisements
    • 475 2 Credit Derivatives Credit where credit's due Dates Appropriately defined as the oldest risk prevalent in any financial (and 8-9 February 2007 non-financial) transaction, credit risk has now been accepted as an asset class of its 9 00am to 5 00pm own introduction of credit derivatives helps institutions both financial and
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    • 179 2 Clients wanted. pd SPRING Singapore Join us for the Export Certification Clinic and Workshop on Electrical and Electronic Products Date Tuesday, 6 February 2007 Time 9.00 am -12 .30 pm Venue Mandarin Court D, Meritus Mandarin Hotel Fee $50 per person «nd. gsd In the dynamic electrical and electronics industry,
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  • Page 3 Advertisements
    • 227 3 centra^^__^_ Own A Prime Office Space At Central. Above Clarke Quay MRT Station, next to the Singapore River. It's prime time for offices in Singapore. w New office space for sale is rare. Rents are posting their highest quarterly increase in more than 10 years copthom. *©53 (BT Fri Dec
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  • COMPANY NEWS
    • 595 4  -  HOCK LOCK SIEW By R SIVANITHY A SUGGESTION was made in this column last Thursday that there is a need for stockmarket regulators to exercise greater even-handedness when querying companies on unusual share price movements. This was based on the observation that smaller
      595 words
    • 466 4  -  Investors will get diversified exposure this way By SIOW LI SEN BNP Paribas is launching a basket of mid-cap China stocks listed on the Singapore Exchange (SGX) for investors looking for a diversified exposure to China equities. The China equities market has been hot
      FILE PHOTO  -  466 words
    • 560 4 Subscribers will be able to watch TV programmes using its new 'mio box' SINGTEL yesterday spoke of its plans for television over the Internet after it was awarded a licence for this by the Media Development Authority. The 10-year nationwide subscription-TV licence goes
      560 words
    • 353 4 LUXURY spa and resort operator Banyan Tree Holdings Limited yesterday confirmed a BT report that it had pledged US$2OO million to build an international standard tourism and services complex in Vietnam's central Thua ThienHue province's Chan MayLang Co economic zone. "The board
      353 words
    • 494 5  -  Buyers are the owners of a broadband TV service provider By ROLAND LIM THE owners of Singaporebased broadband TV service provider M2B World Asia Pacific (M2BAP) yesterday mounted a $165 million reverse takeover bid for troubled education service provider Auston International. Auston
      494 words
    • 567 5  -  By WEE LI-EN WHEN it comes to proxy voting, Singapore ranks second in Asia after Hong Kong, according to an inaugural report by the Asian Corporate Governance Association (ACGA). The survey focused on 10 key issues, including voting by poll, independent audit
      FILE PHOTO  -  567 words
    • 187 5 Bloomberg COSCO Corp Singapore Ltd, a ship repair and bulk carrier unit of China's biggest shipping company, said it won more than US$45O million of ship-building and conversion contracts. The Singapore-based company said the contracts include a US$2OO million vessel-building assignment from
      Bloomberg  -  187 words
    • 131 5 A-Reit renews leases, signs fresh ones ASCENDAS Real Estate Investment Trust (A-Reit) has renewed and clinched fresh leases (including expansions) amounting to a total net lettable area of 51,816 square metres for the three months ended Dec 31,2006. These leases represent 7.7 per cent of the net lettable
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    • 506 7  -  They are separately taking substantial stakes in a 50m share deal worth $11 m By ROLAND LIM IN a deal valued at $11 million, consumer goods distributor JEL Corp yesterday announced that it intends to place out 30 million new shares and options
      506 words
    • 432 7  - Qian Hu Q4 profit jumps 62.1 to $869,000 By UMA SHANKARI ORNAMENTAL fish breeder Qian Hu yesterday said that net profit for its fourth quarter ended Dec 31, 2006 surged 62.1 per cent to $869,000, up from $536,000 in the previous corresponding quarter. Fourth-quarter revenue similarly grew by 13.2 per
      YEN MENG JIIN  -  432 words
    • 231 7  -  By JUDITH JACOB NAM Lee Pressed Metal Industries announced yesterday that it had secured two sub-contracts totalling $23.2 million. The company landed a sub-contract worth $17.6 million from Bovis Lend Lease Pharmaceutical, part of a global project management and construction
      231 words
    • 348 7  -  It will also place out 247,000 new shares at 7.9 cents each By JUDITH JACOB PDC Corporation expects to invest about US$5O million in cultivating corn and coffee plantations in North Sumatra, Indonesia. The investment will be disbursed
      348 words
    • 303 7  -  By VEN SREENIVASAN A SURGE in year-end holiday travel saw Singapore Airlines filling a record 84 per cent of its seats last month. It enjoyed a 7.8 per cent year-on-year increase in passenger carriage across the system, measured in revenue passenger
      303 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 2 5 CAN'T SLEEP
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  • SINGAPORE MARKETS
    • 544 6  -  STOCKS Property stocks, Keppel and SingTel contribute to STI's rise; banks see an indifferent session R SIVANITHY Senior Correspondent AN all-time high on Wall Street last Friday and a rousing afternoon session in Hong Kong yesterday brought buyers out in force, driving the
      Source: Bloomberg  -  544 words
    • 1011 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 15 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy Shares Per Before After Stock Date Director Sell '000 Shr 000) C000) Dayen Env 15-Jan-07 Goi Seng Hui Sell 1000 na ***** 24.35 ***** 23.43 DayenEnv 15-Jan-07 Kor Hock
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    • Article, Illustration
      948 6  -  Compiled by UMA SHANKARI CSE Global Jan 15 dose: $1.25 DBS GROUP RESEARCH, Jan 15 STORY: CSE Global is in a strong growth phase as the oil and gas and healthcare sectors are favourable. The company recruited over 300 employees in the last two years to take its global
      Source: Bloomberg  -  948 words
    • 521 6  -  CURRENCIES LARRY WEE Senior Correspondent THE British pound emerged yesterday in Asian currency trading as the runaway winner for the past week, continuing to reap gains from last Thursday's earlier-than-expected 0.25 per cent rate hike by the Bank of England (BOE). And
      Source: Reuters  -  521 words

  • Page 7 Advertisements
    • 170 7 fft-t tjgkPATEK PHILIPPE GENEVE Begin your 'is wssmm .-A»^.. Tho global tidinc in CFDs CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. [rr\ £3QQ CIIQ Go long or short of shares on margin, putting up a fraction of the full contract value. t m
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  • SINGAPORE NEWS
    • 540 8  -  INFRASTRUCTURAL PROJECTS Limited land and the densely built-up environment makes this necessary By SAMUEL EE NEW road projects will increasingly need to be built underground because of limited land and the densely built-up environment, Transport Minister Raymond Lim said at an event
      540 words
    • 176 8 AFP SINGAPORE yesterday opened a light rail link to Sentosa island, which will become home to a gambling and entertainment complex. The $140-million Sentosa Express takes passengers on a four-minute journey from a station at the Vivo City shopping mall, Sentosa said on its website.
      AFP; EDWIN KOO/ST  -  176 words
    • 362 8  -  By CHUANG PECK MING GLOBAL cooperation is not simply something needed to deal with the terrorism threat, Deputy Prime Minister S Jayakumar said yesterday. y The exchange of intelligence, ideas and best practices must be an on-going process," he said when kicking off the
      362 words
    • 394 8  -  NKF CIVIL SUIT By MICHELLE QUAH FORMER National Kidney Foundation (NKF) chief TT Durai had creative control and the final say over all publicity material put out to the public including reports that contained misleading information about the charity's needs, the High Court heard yesterday. The
      394 words
    • 564 9  -  By VINCENT WEE THE year ahead will see a decoupling of the external sector from the domestic economy in Singapore, while at the broader level, intra-Asian trade will grow in prominence and the US market will decline in importance, Standard Chartered Bank economists said at
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    • 411 9  -  By ANNA TEO MICHAEL Spencer does not see any story of domestic demand driving growth in Asia at the moment, with possibly one exception Singapore. And for Singapore, domestic demanddriven growth would also be an exception to the rule. Apart from China and
      411 words
    • 276 9 Bloomberg SINGAPORE'S retail sales growth accelerated in November to the fastest pace in six months as consumers bought more motor vehicles and clothing. The retail sales index increased 7.9 per cent from a year earlier, after gaining a revised 1.3 per cent in
      Bloomberg  -  276 words
    • 120 9 Lee Kuan Yew starts 5-day Vietnam visit MINISTER Mentor Lee Kuan Yew leaves for Vietnam today on a five-day visit as the official guest of Vietnamese Prime Minister Nguyen Tan Dung. Apart from meeting Vietnamese President Nguyen Minh Triet, the Vietnamese prime minister and Communist Party of Vietnam
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    • 601 9  -  ECONOMIC INDICATORS Headcount to also increase, especially in healthcare, media and banking By CHUANG PECK MING THE job market is looking up again after a slight dip in the past three months, with employers dangling pay and bonus hikes of 10 per
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  • Page 8 Advertisements
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    • 1 8 www.res.com.sg
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  • Page 9 Advertisements
    • 335 9 £>M¥^J o fly chan :r -;;:?J a S |k jdjs? SSy sum Business Class sgdAH Voucher or W/ ov lsetanVoucher Economy Class p\ Takashimaya b\J U 4|) Voucher or Isetan Voucher J^L l 08:45 16:15 .^JI 23:25 1 06=55+1 NHI 1 I I os4o I |7 |5 NH9OI I ,7,25
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  • SME spotlight
    • 501 10  -  Young Singapore companies are growing their overseas arms at an early stage in their business, reports DANIEL BUENAS DANIEL BUENAS SINGAPORE start-ups are venturing overseas early in their business cycle, with four in 10 having some form of presence overseas, a survey has found. The survey released
      AFP  -  501 words
    • 3557 10 UNIT TRUSTS FUNDS 9 4 owsiMarMa«* MMyAraDavMutp htk iu* cfGfcTect>sGDF i*nn aoMtouisGO i-oomoai o«»s*>wic» asaoa ABAmei income AT SGD 13 A2I DWS PworQbEqSal a A USD 1/ Mb Foaa U9) Hi2> pnlqCaefdA ifiy Uf-USMtftlwMBdUSDA 1035* QobdhndlSD tWCin 0«ie*<Da70li_ *****977 A8 Artier Income *1 SGD 1)4* OWSNoorOfcloMCllSGO If FrddNyMdiFoaMUSO 27** fctqfieMA
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    • 342 12  -  By TEH HOOI LING THE market's awakening to the potential of construction companies as the development of a few mega projects in Singapore picks up made Yongnam Holdings the best performer in our portfolio last week. It surged a whopping 41 per cent to a
      342 words
    • 609 12  -  Bigger order books are in the pipeline, MD Frankie Tan tells OH BOON PING OH BOON PING ENERGY-RELATED Hiap Seng Engineering looks set to post stronger growth ahead by penetrating both the upstream and downstream segments of the oil gas (O&G) industries
      609 words
    • 503 12  -  By SIOW LI SEN STANDARD Chartered Bank's collateral-free loan for small firms has been so successful that the bank is hiring another 50 sellers to boost its 100-strong team, said Victor Lee, the bank's general manager. SME banking. The two-year-old product,
      503 words
  • Page 10 Advertisements

  • Page 11 Advertisements
    • 341 11 Just how far will they go to steal your data? <-n Protect your IT system from floor to ceiling. There's of protection by encrypting data that's one thing of which you can be sure: Any weak link in being transferred to a remote back-up. your IT security system will be
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  • Page 12 Advertisements
    • 149 12 35,000 nautical miles. 12 cities. 10 months. The Clipper Round the World "focht Race 2007-08 presents a brave new world ?i to those with the dare and guts to take up the challenge of cross-ocean sailing. Last year, some 30 Singaporeans rose to the occasion. Hailing from diverse wa&s of
      149 words
    • 605 12 CATS NOTICES THE THAI PRIME FUND LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****3033G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of The Thai Prime Fund Limited (the 'Company*) will be held on 8 February 2007 at 20 Cecil Street.
      605 words
    • 170 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CDC MEXICO PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company No: *****9220G) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members of the
      170 words

  • ECONOMY WATCH
    • 431 13  -  ASEAN SUMMIT Combined growth of 5% last year fastest since 1997 financial crisis Reports by DANIEL BUENAS in Cebu EAST Asia's combined GDP grew an estimated 5 per cent last year the highest level since the 1997 financial crisis, but growth is
      431 words
    • 399 13 LEADERS of Asean and six other nations yesterday signed a declaration that acknowledges the need to strengthen renewable energy development such as in bio-fuel and promote trade and cooperation in the sector and related industries. The signing of the Cebu Declaration on
      REUTERS  -  399 words
    • 587 13  -  Value worldwide by end-2005 hits US$140t: McKinsey By NEIL BEHRMANN in London THE four-year bull market Pas caused an explosion in global financial assets. The value of total financial assets worldwide expanded to US$l4O trillion by end-2005, from US$95 trillion in 2002
      Source:McKinsey  -  587 words
    • 399 13 Measures are expected to help curb gains in the nation's currency Bloomberg [SEOUL] South Korea's government eased restrictions on overseas investment by individuals and companies to help curb gains in the nation's currency. South Korea will suspend taxes on gains from overseas fund investments
      Bloomberg  -  399 words
    • 328 13 AP, Reuters [SEOULI The United States and South Korea can still wrap up a free trade agreement (FTA), although time is running short, Washington's chief negotiator said yesterday. "We have made important progress to date but we still have a
      AP,; Reuters  -  328 words
    • 434 13 Bloomberg [HONG KONG] Foreign direct investment (FDI) in China, the world's fastestgrowing major economy, rebounded last year after a fall in 2005, state-run news agency Xinhua said. A separate report announced that China's foreign exchange reserves topped US$l trillion for
      Bloomberg  -  434 words

  • MALAYSIA/INDONESIA
    • 693 14  -  Lower fuel prices and better news flows are driving investor interest By PAULINE NG in Kuala Lumpur ALTHOUGH keen rivals with very different business models, Malaysia's two airlines are flying high on investors' radar screens. Lower fuel prices and the better news
      AP PHOTO  -  693 words
    • 2529 14 VOL Jams RM *1- COOP) ASM Realty 1.49 0.04 5 Abric Bhd 0.32 unch 42 Acp Industries 1.35 0.02 725 Advance Synergy 0.25 0.01 9692 AdventaBhd 0.90 unch 124 AeMuIti Hldgs .0.39 unch 100 Affin holdings 1.86 0.01 1264 Ahmad ZakiResou 2.66 0.05 84 AicCorp .0.72 -0.01 1832
      2,529 words
    • 251 14 Reuters [JAKARTA] One of the two hospitals designated to treat bird flu cases in the Indonesian capital has been overwhelmed with patients exhibiting symptoms of the disease amid a spike of new cases this year, a doctor said yesterday. Indonesia has seen four
      Reuters  -  251 words
    • 315 14 Study by YTL shows US$2.3b project is feasible, KL says Reuters [PUTRAJAYA] Malaysia gave its backing yesterday to a US$2.3 billion plan to build a bullet train between Kuala Lumpur and neighbouring Singapore, saying that a study had shown the proposal
      Reuters  -  315 words
    • 593 14 Reuters [KUALA LUMPUR] General Motors Corp, the world's largest carmaker, is interested in Proton Holdings, Malaysia's second finance minister said yesterday. The comments by Nor Mohamed Yakcop, which confirmed newspaper reports that GM may bid for the loss-making state-con-trolled firm, pushed
      Reuters  -  593 words
    • BRIEFLY ASIA
      • 107 14 Reuters [HONG KONG] Institutional shareholders in Malaysian leisure and gaming firm Genting Bhd were selling up to US$82.6 million worth of existing shares in the company at a discount of 2.1 per cent to 4.9 per cent to its closing price yesterday, sources
        Reuters  -  107 words
      • 69 14 Bloomberg [MUMBAI] India's Bombay Stock Exchange may decide on its overseas partners by May, chief executive Rajnikant Patel said. The exchange is still in discussions with international investors, he said. Singapore Exchange recently said it's in talks with the bourse, which has also
        Bloomberg  -  69 words
      • 72 14 Reuters [KUALA LUMPUR] Malaysia's Utama Banking Group yesterday denied a report that it had received a firm bid from Kuwait Finance House for its indirect interest in Malaysia's fourth-largest bank. Utama owns 32.9 per cent of fmancial firm Rashid Hussain Bhd, which is the
        Reuters  -  72 words
      • 65 14 Reuters [JAKARTA] Indonesia suspended shares in gas distribution firm Perusahaan Gas Negara Tbk (PGN) yesterday after the stock exchange requested more information on a delayed pipeline project that has rattled financial markets. Led by foreign selling, PGN shares plunged more than a fifth on
        Reuters  -  65 words
      • 82 14 Bloomberg [HONG KONG] Shares of Chong Hing Bank Ltd, a family-owned bank in Hong Kong, surged 23 per cent to the highest in almost a decade on speculation it may be acquired by Industrial Commercial Bank of China Ltd. Chong Hing's stock
        Bloomberg  -  82 words
      • 40 14 Reuters [KUALA LUMPUR] Plantation firm Golden Hope has asked for an extension of time to implement its agreed merger with other plantation firms to create the world's largest listed oil palm planter. —Reuters
        Reuters  -  40 words

  • GREATER CHINA/INDIA
    • 455 15 Stake sale likely after govt positions OTCEI for listing by SMEs, says report IMUMBAI] After the National Stock Exchange and the Bombay Stock Exchange, foreign stock exchanges are now eyeing equity stake in the Over the Counter Exchange of India (OTCEI), as
      455 words
    • 299 15 It is latest mainland financial group to list at home AFP [SHANGHAI] China's Industrial Bank said yesterday it is set to offer shares to institutional and retail investors next week, becoming the latest mainland financial group to float on home stock markets. Current
      AFP  -  299 words
    • 119 15 Bloomberg [MUMBAI] India plans to allow short selling by institutional investors this year, said M Damodaran, who heads the country's stock-market regulator. "No short selling is one of the oddities of our markets. We'll have to persuade a few people to see, as
      Bloomberg  -  119 words
    • 392 15 The Economic Times [NEW DELHI] The Tatas are learnt to have initiated talks to buy out Sri Lanka's premier private telecom operator Suntel. The Tata group, through its international arm, VSNL Global, recently bagged international long distance and Internet service provider
      The Economic Times  -  392 words
    • 324 15 Reuters [DELHI/MUMBAI] Shares /Jn exploration firm Cairn India Ltd rose nearly 7.5 per cent in early trade yesterday on news that it was close to resolving differences over laying a pipeline for crude from its fields in western India. The stock
      Reuters  -  324 words
    • 77 15 COFFEE, TEA OR STOCK OPTIONS? [SHANGHAI] A group of young Chinese tourists from Henan Province posing for a photo here yesterday. Starbucks, which now has more than 200 stores in 20 Chinese cities, plans to issue stock options to all its Chinese employees in mainland stores in which it has
      AFP  -  77 words
    • 322 15 Bloom berg [BEIJING] Asia Netcom Corp, an undersea-cable operator formerly owned by China Netcom Group Corp (Hong Kong) Ltd, has received funds of US$636 million to build and extend its EAC undersea cable to meet demand from South Asia. The funds came
      Bloom berg  -  322 words
    • 365 15 It will allow flexible delivery, develop after-hours trading Reuters [BEIJING] The Shanghai Futures Exchange will take steps this year to allow more flexible delivery and to develop after-hours electronic trading in an effort to attract foreign capital, the China Securities Journal reported yesterday,
      Reuters  -  365 words
  • Page 15 Advertisements

  • MIDDLE EAST
    • 721 16  -  Surbana holds ground-breaking for its $331 m waterfront project By MATTHEW PHAN in Abu Dhabi BEACHES and public parkland stretch for several kilometres along the coast of Abu Dhabi, capital of the United Arab Emirates. It is the Corniche, a
      721 words
    • 336 16 Reuters [RIYADH] Saudi Arabia has no plans to change the riyal currency's peg to the dollar, its central bank governor said yesterday after the United Arab Emirates raised the prospect of a re-gion-wide revaluation. Saudi Arabia, the region's largest economy, is the
      Reuters  -  336 words
    • 356 16 Talks on to finalise 7-year deal that includes LNG plant AFP, Reuters [BEIJING] China National Petroleum Corp (CNPC), the cdftttry's biggest oil pft>gttcer, will invest USfftfc ■jlion to develop a blook in Van's offshore gas field* a report said yesterday.
      AFP,; Reuters  -  356 words
    • 249 16 Reuters [TEHERAN] Iran said yesterday it was pressing ahead with a plan to install 3,000 atomic centrifuges and to achieve industrialscale production of nuclear fuel, which the West fears is part of a programme to make bombs. As an immediate reaction to
      Reuters  -  249 words
  • Page 16 Advertisements
    • 1428 16 mmm—m^^ m— m ET,KA INTERNATIONAL holdings limited Company Registration No: *****3131Z (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Etlka International Holdings Limited will be held at Singapore Marriott Hotel, Ballroom 1, Level 3, 320 Orchard Road, Singapore *****5 on Wednesday, 31
      1,428 words
    • 506 16 CATS NOTICES ETIKA INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****3131Z) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Etika International Holdings Limited (the "Company*) will be held at 11.30 a.m. (or as soon thereafter as the annual general meeting of the Company
      506 words
    • 182 16 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF TAMADE HOLDINGS PTE LTD Co. Reg. No. *****6635R (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap SO that the Final Meeting of the
      182 words

  • ASIA-PACIFIC/WORLD
    • 574 17 Curbs on foreign funds invested in Thailand may also be eased Bloomberg [BANGKOK] Thailand's central bank has lifted the ceiling on the amount local companies can invest abroad, and said it may relax controls on some foreign funds used to finance domestic investments.
      Bloomberg  -  574 words
    • 271 17 Bloomberg [NEW YORK] General Electric Co, the world's biggest jet-engine maker, agreed to buy Smiths Group Pic's aerospace business for US$4.B billion amid record demand for commercial aircraft. The purchase of the Smiths unit, which makes electronic controls, is subject to approval
      Bloomberg  -  271 words
    • 709 17 AP [NEW HAVEN, Connecticut] General Electric Co, vyhich rode a wave of /merican prosperity in the last century to become one of the world's largest companies, expects its overseas sales to roughly match its domestic business this year for the first time due
      AP; BLOOMBERG  -  709 words
    • 509 17 LAT-WP [PERRIS, California] Martha Stewart may not be able to pull Southern California out of its housing slump, but the persnickety tastemaker snapped Catalina and Ernie Tamayo out of theirs. The couple, parents of two, had visited several new subdivisions in south Riverside
      LAT-WP; BLOOMBERG  -  509 words
    • 376 17 NYT [LONDON] John Browne, chief executive of BP, will become chairman of the advisory board of the private equity firm Apax Partners when he leaves the oil company in July. Mr Browne told BP executives on Friday of his plans, which
      NYT  -  376 words
    • 299 17 Bloomberg [NEW YORK] AOL, Time Warner's Internet unit, agreed to acquire Sweden's TradeDoubler for 6.3 billion Swedish kronor (Ssl .4 million) to further expand in Europe. AOL offered 215 Swedish kronor per share, or 8.6 per cent more than TradeDoubler's closing price on Jan
      Bloomberg  -  299 words

  • AVIATION
    • 539 18 Move will be spearheaded by Qantas-owned Jetstar and AirAsia, KL minister says Reuters [PUTRAJAYA, Malaysia] Malaysia and Australia are in talks to open a low-cost air route between the two countries, spearheaded by Qantas-owned Jetstar and Air Asia, Malaysia's transport minister said yesterday. Malaysia-based
      Reuters; FILE PHOTOS  -  539 words
    • 320 18  -  It failed to achieve target in special share issue last year By ANTHONY ROWLEY in Tokyo JAPAN Air Lines (JAL) struggling to overcome financial losses, safety problems and loss of passengers to rivals is likely to receive 200 billion yen (552.6
      320 words
    • 290 18 Bloomberg [HONG KONG] Airport Authority Hong Kong, the operator of Asia's third-busi-est airfield, said the number of passengers it handled rose to a record 44.45 million last year, 9.1 per cent higher than in 2005. The airport also handled a record 3.58
      Bloomberg  -  290 words
    • 204 18 Reuters [BARRU, Indonesia] Indonesian rescue workers scouring the seas for a commercial airliner that went missing two weeks ago have found a fuel spill believed to be from the doomed jet, an official said yesterday. Small pieces of the Adam Air Boeing
      Reuters  -  204 words
    • 98 18 Bloomberg [SYDNEY] Macquarie Airports, Australia's biggest airport owner, and Dublin Airport Authority may sell their combined 48 per cent stake in Birmingham International Airport. The two are considering a joint sale of their 24 per cent stakes, the Sydneybased company said in a
      Bloomberg  -  98 words
    • 258 18 Bloomberg. Reuters [BANGKOK] Thai Airways International pel, said it reached an agreement with Airbus SAS over compensation for the delayed delivery of its A3 80 aircraft orders. The two parties had agreed on discounts for other planes purchased by THAI, Apinan Sumanaseni, THAI's
      Bloomberg.; Reuters  -  258 words
    • 2302 18 qty yuarr ita hjcit ftp jBaaS LH9771 1740 AF8066 2215 SQ268 1740 BA7382 2215 AFM87 1890 Of82 2215 BA7381 1830 LH9770 2350 SB1 MB SQW 2jj0 Amsterdam LOW31 0645 KL838 2315 SO323 0645 L***** 2345 <L8j7 1»» SO324 2345 iSS- fS8S-^ir<« UL2433 0130 NZ4385 2100 NZ4386
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  • Page 18 Miscellaneous
    • 195 18 CRYPTIC CROSSWORD nothing (6) 9 Manufacture on a large scale YESTERDAY'S SOLUTION WN in a service industry? (4,10) Across: 1 Prelates, 6 Result, 9 1 In Paris he could create some 15 Stole old hat and left in a hur- Ageism, 10 Legalist, 11 Playmate, ru n (8) ry (6,3)
      195 words

  • SHIPPING
    • 363 19 Competition from Chinese terminals in Shanghai and Dalian cited Bloomberg [SINGAPORE] South Korea's Busan port, the world's fifth-busiest, handled 1.6 per cent more containers in 2006, the smallest gain in 16 years, on growing competition from terminals in Shanghai, Dalian
      Bloomberg; BLOOMBERG  -  363 words
    • 667 19 Reuters [KUALA LUMPUR] Malaysian shipping company MISC expects freight rates for crude oil to remain soft over the next two years as competitors put more new tankers to sea. MISC earns 90 per cent of its profits from shipping oil and liquefied natural
      Reuters; BLOOMBERG  -  667 words
    • 305 19 AFP [CHITTAGONG] Bangladesh banned on Sunday an allegedly "toxic" oil tanker from being dismantled in the country after it was bought by a local shipbreaker, an official said. "We have banned the MT Apsheron's entry into Bangladesh waters as we have found its name on
      AFP  -  305 words
    • 298 19 Bloomberg [MANILA] International Container Terminal Services Inc, the largest Philippine port operator, agreed to buy 60 per cent of a terminal operator in China's Yantai port, its first acquisition in the world's most populated country. ICTSI, as the company is known, will
      Bloomberg  -  298 words
    • 367 19 Bloomberg [LONDON] The cost of transporting 2 million barrels of crude oil to Asia from the Middle East, at a fourweek high, may extend gains because of limited tanker supplies. There are less than half the number of oil-tankers available this
      Bloomberg  -  367 words
    • 222 19 Bloomberg [COPENHAGEN] AP MollerMaersk A/S, the world's largest container-ship owner, said it will increase its capacity for trade between Europe and Asia by 13 per cent in 2007. Maersk Line, the company's shipping unit, expects the westbound market to expand by 15 per cent
      Bloomberg  -  222 words
    • 202 19 Bloomberg [LONDON] Royal Dutch Shell pic, Europe's biggest oil company, hired more oil tankers than any rival last year, said a report by US oil-tanker broker Poten Partners. The oil company concluded 755 tanker bookings, according to Poten, retaining its top ranking above
      Bloomberg  -  202 words
    • 287 19 SGX '000 Jan IS SS ¥ol ChOHtfwre DM uridi 1S37 03* 001 3476 CoscoCorp 2.81 0.19 7371 Cwvt Umrted 063 untti 102 EiraHldgs 4.74 -006 1014 freight Links 0.10 0.01 ***** Grand Banks 048 untfi 30 Java HoW Ltd 1.47 unch 335 K1 Ventures —014 unch 4309 KeppelCorp
      287 words

  • EDITORIAL & OPINION
    • 479 20 EDITORIAL THE crash of the ill-fated Adam Air flight two weeks ago off the Sulawesi seas has once again focused attention on the safety of air travel in South-east Asia where there has been a proliferation of budget carriers over the past five years. Since
      479 words
    • 1360 20  -  Bush's 'new' Iraq policy is a military plan divorced from a sensible political approach LEONHADAR Washington Correspondent IT WAS the renowned Prussian military thinker Carl von Clausewitz who had proposed in the early 19th century that "war is merely a continuation of politics"
      AFP  -  1,360 words
    • 789 20  -  THE BOTTOM LINE DAVID MASON THE favourite subject of conversation in the UK these days is global warming. Last year has been declared the warmest year on record, though the length of the record is somewhat short. Greenhouse gases are to blame,
      789 words
    • 1371 21  -  Amendment to Thai Foreign Business Act aims to list categories of business that foreigners are prohibited from running By OUR CORRESPONDENT in Bangkok THE Thai government's move to redefine and amend the 1999 Foreign Business Act (FBA) seems to have backfired. The claimed intention was to
      1,371 words
    • 917 21  -  By JOHN F WASIK Bloomberg THE questions can be dizzying. Will the US Federal Reserve raise or lower rates this year? If the US housing market continues to drop, won't the Fed lower the cost of money? Before you reach any
      Bloomberg; AP  -  917 words


  • FOCUS: TAXING MATTERS
    • 1260 22 Financial transparency gets a boost this year when US firms have to disclose tax reserves for the first time NYT [NEW YORK] Investors interested in transparent financial statements have reason to celebrate the arrival of 2007, even if they do not know it.
      NYT  -  1,260 words
    • 1080 22 NYT [PARIS] In the dark of winter, the French rock 'n' roll icon Johnny Hallyday has abandoned France to settle in a snow-dusted mountain chalet, joining a scattered flock of super-rich tax refugees in serene Switzerland. Numbering about 3,700, according
      NYT  -  1,080 words
    • 762 22 Ex-Coke secretary accused of trying to sell stolen company data to Pepsi AP [ATLANTA] Prosecutors say a former Coca-Cola secretary took confidential documents from the beverage giant and samples of products that had not been launched with the aim of selling them to
      AP; AP FILE PHOTO  -  762 words

  • 11060 23 SGX MAINBOARD Transaction date: Jan 15 52-Wk let Last Vol Day Last Quote Div GrYM Net MCap High Low Code Company Sale C000) High Low »uyef Seller Cw P/E SmH 35 1 5716 1st Software 2 susp 8.1 11 5 6 3148 8Telecom 9.5 unch 1346 10 9.5
    11,060 words
  • Page 23 Advertisements

  • 6059 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local out in SS m USS dy %y» dy y» dy *yr l«n 12 Index Change Change CKy>ge Oiange Change Changa IliellllatftlHWWHB 1WH 05 <44 07 93 0,7 ||J EAFE Preliminary ***** 07 14.7 1.1 143 1.1 230 Europe Preliminary 1510.2 03
    6,059 words

  • Page 25 Advertisements
    • 1582 25 UK CONTINENT SERVICE 11.5.A SERVICE Destination Destination DD SUCCESS RDM/ATW/BMN/TIB/NAN XU CHANG HAI LAX/VCW/MZL MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia ~Au I Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination VANGUARD DBI/ABU/DOH/BRN/DMM/KWT Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN PAN VOYAGER JDH/DMT/BJA W Loads Singapore, E./W.
      1,582 words
    • 465 25 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com VESSEL VOY RAMP HBGHT SM LK MAO SAV »Al ORE TALISMAN Af 703 320T0« t.4M 11/01 11/02 20/02 24/02 2S/02 26/02 TARONGA Af/OS 320TM* 6.25* 07/02 05/03 14/03 11/03 23/03 21/03 TAMISIS AE7O6 3201 m* MM 17/02 12/03 21/03 25/03 29/03 27/03 few York
      465 words

  • Page 26 Advertisements
    • 955 26 WAN HAI INTERNATIONAL PTI LTD a MO: 1W95W0000/1 VTkI\IAIAU LI AI I ILIEC THEISM (14LINES) FAX:*****163 WAN HAI I INhS Customer Service/Bookings Direct Um (1800) *****200 fcllWfcl# PKLIH: (03) 3346UU FAX: (03) *****28S fBI IB: (04) *****00 FAX; (04)*****99 X JOH TH; (07) 251J923 HUL (07)251»921 SUITE: (031) *****75 NUL
      955 words
    • 1202 26 jjsflKgggl^gwWlWlW I VtSSIL VOY PKI 1 SIN I KARACHI PXB BAB DMM BIK KHON IRAN S ATTAR I PCI 8183 16/01 17/01 26/01 39/01 30/01 05/03 07/03 09/03 IRAN SHAHRYAR PCL 8184 33/01 33/01 01/03 04/03 OS/03 11/03 13/03 15/03 IRAN BAABAII PCI 8186 33/01 34/01 03/03 03/03 06/03 13/03
      1,202 words
    • 99 26 P. T. DJAKARTA LLOYD (PERSERO) I)© AUSTRALIA FULL CONTAINER SERVICE va vot ~sw f»c at m sto mb aw AM {SPOT 034S 21/01 10/01 09/02 11/0113/02 16/02 KAMAKIRA 035S 04/02 06/02 13/02 11/02 20/02 23/02 AMI TOPAZ MIS 111/*****/*****/021 104/*****/*****/03 AMI WINPAItA 001S 2S/02 27/02 00/03 11/03 13/03 16/03 I
      99 words
    • 722 26 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS ttssa ypY sin I pioang Colombo w sheva Colombo mm m \m m um um hm touraum rmosi ?3iaw ?<jaw 27 jaw 30 jaw 03fb HOWUHBH 0058W 30 JAW 27DK 03 Ftß 06FB IQFB ALSO ACCEPTING
      722 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 4719 27 :i n ■> -m ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ADELAIDE (ADL) 2007 Australia 28/01 16/02 China Shpg ANL ESPRIT 034S *****896 28/01 16/02 PTDjakarta ANL ESPRIT 034S *****202 04/02 23/02 China Shpg KAMAKURA 035S *****898 04/02
      4,719 words

  • PROPERTY
    • 594 28 Those with £200,000 mortgage suffer personal inflation rate of 6.8% in Nov, double UK's average Bloomberg [LONDON] London homeowners suffer inflation at twice the rate prevailing across the United Kingdom, according to a new calculator on the Office for National Statistics website. A London homeowner with
      Bloomberg  -  594 words
    • 113 28 Bloomberg [EDINBURGH] The prices of London's most expensive homes are rising at the fastest pace since Margaret Thatcher became prime minister in 1979, as bankers, traders and hedge-fund managers earn record bonuses. The UK capital's prime properties gained 2.6 per cent in December, bringing
      Bloomberg  -  113 words
    • 319 29 Al-Hadharah Boustead Reit will be Malaysia's second Islamic Reit Bloomberg [KUALA LUMPUR] Malaysian plantation and property group Boustead Holdings Bhd plans to raise RM229.7 million (Sslol million) selling shares in an Islamic oilpalm plantation trust. The company will offer 198 million shares in the
      Bloomberg  -  319 words
    • 165 29 Bloom berg [HONG KONG] The Link Real Estate Investment Trust, which runs properties previously owned by Hong Kong's government, appointed Chew Fook Aun chief financial officer as the Standard newspaper reported chairman Paul Cheng submitted his resignation. The appointment of Mr Chew may indicate a
      Bloom berg  -  165 words
    • 398 29 AFP [PARIS] The European housing market is likely to slow down in 2007 but not collapse, supported by purchases to offset concern about pension provisions, credit rating agency Standard and Poor's says. The company's chief economist in Europe, JeanMichel Six, said that after years
      AFP  -  398 words
    • 364 30  -  $20m set aside; it's also putting Katong bungalow up for auction By KALPANA RASHIWALA INDIA'S UCO Bank has set aside about $20 million to buy nine apartments in Singapore's Districts 9,10 and 15 to house its expat staff working here. The apartments
      364 words
    • 247 30 The Singapore Land Authority (SLA) has awarded Goldkist International the tenancy for the 30-year-old East Coast Resort (ECR), formerly known as the Costa Sands Resort (East Coast). The tenancy, which starts on March 1, is for three years initially and is
      247 words
    • 152 30 KOH Brothers Group yesterday said it has acquired a 12,900 sq ft freehold site at Florence Road, near Kovan MRT, for $5.2 million. The price includes a development charge of about $1.5 million. The acquired site is adjacent to two freehold plots already owned
      152 words
    • 314 30 KHENG Leong, a privately owned property group controlled by the family of banker Wee Cho Yaw, has bought a privatised HUDC estate in Hougang for $209 million. The company inked a deal over the weekend to buy Minton Rise in a collective sale, according to
      FILE PHOTO  -  314 words
    • 190 30 A NEW trend evolving in Singapore's malls is the inclusion of an IT hub or information technology retail space, Knight Frank points out in a retail sector report issued yesterday. "There is strong demand from IT vendors who are looking for retail
      190 words
  • Page 28 Advertisements
    • 187 28 •i~rO''""r"'i'r-'-WfflnnTinnm'r!iW"i-fiMiXiipfV;ni;iripffiCTl[iWfi["iirOTiTllTM Corporate Image Warehouse with Ancillary Office FOR SALE 'if r<)wwirj.ri-i> I'li; j Mmnu >w. vjwf ir i www .uiw< i Tuas vicinity Built-up area: approx. 200,000 sq ft High ceiling from 6.8 m Multiple dock-leveler loading bays Price on Application Kenny 9111 0972 Jonathan 8113 9192 !)o f OO
      187 words
    • 102 28 AUCTION SALE r j Suitable for detached landed housing SKm >T* mm Please call 9388 7879 for more details I Lianhe Zaobao 8 spend IQC billion I I /.Oyuen I I QQairports I I OOand I I buying I planes I ttg26IHZScAIHfi I 1 1 I gift I Ifog Debenham
      102 words
    • 404 28 v n~ REGENT GARDEN m (West Coast Road) It b Freehold residential site 0. ~sili l .4 m t u*. Th 1 J9 Land area: 75,758 sq ft If -rcO' 41 MBeh Ho ~n-T-rt P' ot U P to 5-storeys II %>""**<§* Near to NUS, West Coast Park and major
      404 words

  • Page 29 Advertisements
    • 289 29 FREEHOLD RESIDENTIAL SITE THOMSON ROAD (DIST.II) CONCORDE RESIDENCES FOR SALE BY TENDER m 7"1 Site area: 34,092.57 sf 9 Tenure: Freehold r Plot ratio: 2.8 (up to max 36 storeys) bwoht I No DC payable for subject site m B Few mins walk to Novena MRT mlns drive to Orchard
      289 words
    • 71 29 PRIME CBD REDEVELOPMENT SITE FOR SALE BY EXPRESSION OF INTEREST 7 K^»BB& s inR9HiP jpy Actual 41' storey view from subject site SESE Suitable for Residential Office Hotel use 2 s|||s=!= Height control 35/50 storeys ■fe. ,J|a|fp Large site area approximately 73,000 sq ft Bm Close proximity to MBFC, Sands
      71 words

  • Page 30 Advertisements
    • 126 30 pw v JB H M V B .^y^SMiwHßWr BB ■--;V' I I^^^^;^fea^ii^Nii^BIMHBHBBMBMHBMHKBHBi^BifIBBItM^BMBi^HMMwMIBII^^WW^BKI^^^^EMBHMBiBi^BBBBBHBIW^^E^^^MraBHiI^r jH^Pß^^^^'^'' A v'«|^^J^/%" <: -*^fi ■fl av.: r\.,, .^jaHil^Bi^^BHM historic Bb* EMplgCl M jjn IS I r v- PkJfti, "s. t%.':"* j!f\ffirgafc fill SC fiw v Walton International Group congratulates our clients who invested in Northwest Industrial, a
      126 words