The Business Times, 17 January 2007

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Total Pages: 32
1 32 The Business Times
  • 20 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Wednesday, January 17,2007
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  • 829 1  -  Economists forecast 2-4% growth this year, even higher in 2008, as private sector contracts surge By UMA SHANKARI [SINGAPORE] After a long journey through a dark tunnel, Singapore's construction sector is finally seeing the light, with contracts expected to pour in from both the
    829 words
  • 500 1  -  JTC seeks proposals for civic and commercial nucleus on 1.93-ha site By ARTHUR SIM [SINGAPORE] The buzz for one-north is set to reach new heights thanks to an impressive new complex that will showcase civic, cultural and shopping activities. JTC Corp is
    500 words
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    • 72 1 GOLDEN GLOBES fjt Meryl Streep triumphs; TOflP Dreamgirls steals fw Mm the show PAGE 18 MOTORING Tbyota, Honda parallel imports surge PAGE 19 EXEC MONEY Appeal of millions insurance policies PAGE 30 'gDIi k [LlA^.^jt Far East tops bid for Novefta hotel site page 11 BriM B Tfck W 1
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    • 13 1 COMPANIES SembMarinebags USsl9om jack-up order pageio 8 *****1 ***** Markets Digest P>9e 4
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  • TOP STORIES
    • 373 2  -  DTZ cites interest from foreign buyers and quality projects in the pipeline By KALPANA RASHIWALA [SINGAPORE] The high-end residential property market is expected to perform even better this year, after last year's 17.4 per cent increase in the average capital value of freehold
      373 words
    • 354 2  -  If not, country risks trained manpower shortage soon By CHUANG PECK MING in Hanoi VIETNAM should gear its young population to ride on Asia's economic boom, says Minister Mentor Lee Kuan Yew. The country has youth on its side,
      LIANHE ZAOBAO  -  354 words
    • 500 2 AP [BANGKOK] Thailand yesterday summoned Singapore Ambassador Peter Chan over ousted Thai prime minister Thaksin Shinawatra's private visit to Singapore over the weekend. Hours later, the government also rescinded an invitation to Singapore's foreign minister, while the Thai foreign ministry said that it
      AP  -  500 words
    • 684 2 S'pore yet tareceive-details of KL's bullet train plan SINGAPORE has yet to receive details of a Malaysian proposal for a high speed rail link between Kuala Lumpur and Singapore, but the government is open to any proposal to enhance links with Malaysia. In response to reports that KL
      684 words
    • 575 2  -  S'pore would be freest but for state influence of banks By SIOW LI SEN [SINGAPORE] Hong Kong, followed by Singapore, have been named for the 13th year running as the world's two freest economies by The Wall Street Journal newspaper and the
      575 words
    • 39 2 IN yesterday's report, "Qatar Telecom takes 25% of Asia Mobile", we wrongly gave the amount that Qatar Telecom is pumping into Temasek-controlled Asia Mobile as US$625 million. It should be US$635 million. We are sorry for the error.
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    • 136 4 ST! 3,***** (+2.63) ST INDEX FUTURES 3,039.00 (+2.00) siMsa 369.55 (+0.42) SIMSa FUTURES 369.80 (+0.70) MARKETS Tuesday Change KLCOMP 1,132.61 >5.20 NIKKEI 225 17.202.46 -7.46 HANG SENG 20,027.95 -40.61 SET INDEX 655.90 -0.41 JAKARTA COMP 1.754.29 +23.82 MANILA COMP 3,070.29 +51.23 SEOUL COMP 1,389.71 -1.25 SHENZHEN B 520.84
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    • 612 4  -  But Raymond Lim says govt open to any proposal to enhance links By VEN SREENIVASAN [SINGAPORE] Singapore I has not received details of a Malaysian proposal for a high speed rail link between Kuala Lumpur and Singapore, but the government
      612 words
    • 573 4  -  PM clears air after report says deal could be called off By S JAYASANKARAN in Kuala Lumpur MALAYSIA will proceed with its plan to merge the three plantation firms to create the world's largest listed oil-palm planter despite initial hiccups. "A decision
      AFP  -  573 words
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 341 7  -  By ARTHUR SIM THE total investment by Capita Land in Macao Studio City (MSC) could hit $764 million, with annual returns expected to be around 15.2 per cent. Revealing more details yesterday on its first foray into Macau, Capita Land Integrated Leisure, Entertainment and
      341 words
    • 591 7  -  The Lyxor ETF Commodities CRB comprises a basket of 19 items By SIOW LI SEN THE Singapore Exchange will list Asia's first broadbased commodities exchange traded fund (ETF) tomorrow, allowing for the first time easy access for retail investors to an
      591 words
    • 574 7  -  HOCK LOCK SIEW By ROLAND LIM FROM education to entertainment and, more importantly, guaranteed profits for the next two years that's what minority shareholders of Auston were promised when the company became the subject of a $165 million reverse takeover bid
      574 words
    • 139 7 UNITED Overseas Bank (UOB) yesterday announced thatjjt had entered into a Heads of Agreement with Vietnam's Southern Bank on a possible strategic investment. Both parties are now working out the definitive agreements for the investment and UOB is conducting due diligence on Southern Bank. The
      139 words
    • 233 7 Bloomberg [HONG KONG] Sino-Forest said in a statement on Monday it received a letter from Macquarie, Australia's biggest investment bank, indicating that the bank and partner CVC Asia didn't intend to submit a bid for the Toronto-listed forest-prod-ucts firm. Sino-Forest said on Jan
      Bloomberg  -  233 words
  • Page 7 Advertisements
    • 247 7 KPMG INVESTMENT OPPORTUNITY SALE BY LIQUIDATORS Offers are invited for the purchase of the following Property on an 'en Woe' Basis belonging to a property development company, situated in Johor Bahru on an "as is where is" basis: The Property (known as 'Lot 1, Johor Bahru Waterfront City') Land measuring
      247 words

  • SINGAPORE MARKETS
    • Article, Illustration
      908 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down U»di Up Down Undi Up Down U»d> Multilnd 11 3 3 0 1 0 11 4 3 Manufacturing 71 50 22 11 18 93 107 68 Commerce 35 28 19 10 4 8 45 32 27 Tpt/Stor/Comms 12 14 15 0 12
      908 words
    • 928 8  -  CURRENCIES Yuan continues to chalk up highs, Antipodean pair hold their ground LARRY WEE Senior Correspondent AN earlier-than-expected UK rate hike made the British pound the most impressive performer this past week, but the US dollar also bullied its way back above 120 yen for
      928 words
    • Article, Illustration
      799 8  -  Compiled by UMA SHANKARI Qian Hu Corporation Jan 16 dose: $0.33 OCBC INVESTMENT RESEARCH. Jan 16 Sustained improvement through FYO6: Qian Hu's (QH) sustained improvement through FYO6 enabled the group to close the year on a strong note. Revenue was up 14.9 per cent year-on-year to $76.1 million,
      Source: Bloomberg  -  799 words
    • 518 8  -  STOCKS R SIVANITHY Senior Correspondent WALL Street's closure on Monday for Martin Luther King Day meant markets everywhere were left bereft of inspiration yesterday and thus had to resort to their own devices to keep the momentum going. Most failed to
      518 words

  • COMPANY NEWS
    • 869 9  -  OCBC has been working hard at improving its risk management systems By WONG WEI KONG OCBC BANK has long been seen as being the most conservative among the local banks. But to those in charge of managing risks at the bank,
      869 words
    • 197 9 New Ml plans target SMS users Ml YESTERDAY announced two new text message-centric mobile tariff plans specially to cater to the needs of enterprise customers. The EnterpriseText 2500 and EnterpriseText 5000 offer 2,500 and 5,000 free SMSes monthly for $65 and $125 respectively. Penguin Boat unit bags US$14m
      197 words
    • 269 9  -  By JUDITH JACOB FABCHEM China Ltd, a Sin-gapore-listed maker of explosives and detonators, announced yesterday that DNX Australia Pty Ltd, a subsidiary of Dyno Nobel Ltd, has acquired 29.9 per cent of its ordinary shares, making it the second largest shareholder of the group.
      269 words
    • 143 9 Reuters ASCENDAS Real Estate Investment Trust (A-Reit), Singapore's second-biggest property trust by market value, yesterday posted a 7 per cent rise in quarterly net distributable income, boosted by its growing portfolio of business parks and industrial properties. A-Reit earned distributable net income of $41 million
      Reuters  -  143 words
    • 293 10  -  Rig for Taiwan group to be based on proprietary deep drilling design By CONRAD RAJ BARELY a fortnight into 2007, SembCorp Marine, the world's second-largest builder of jack-up rigs, has clinched an order for a US$l9O million rig from Taiwan's Offshore Group Corporation. It will
      293 words
    • 375 10  -  By UMA SHANKARI MAPLETREE Logistics Trust (MLT) yesterday said that it has beaten its distribution per unit (DPU) forecasts for its fourth quarter which ended on Dec 31 and the 2006 financial year as a whole, boosted by its recent acquisition of industrial
      375 words
    • 390 10  -  WEE LI-EN CORROSION prevention company See Hup Seng (SHS) has bought a controlling stake in Tat Petroleum from its shareholders for $12.75 million to develop a second business pillar in the petroleum industry and to give it an immediate presence in
      390 words
    • 6907 10 UNIT TRUSTS FUNDS ABN Amro Asset Mgt (S'pore) Star Europe Eqty!" 1061/ Star Europe Bond 1 169/ Star Europe Bal IJB Star Asian Tiger Eqty 1 32/ Star Asia Bond 1312/ Star Asia Balanced 1 101/ Star Global Technology Fund'" ***** MutoStF* .....0 984/ Star Asia Bond(USD) 0851/ Gt) Mult)
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    • 47 9 /'2oyea M 17 August 1969 1 October 1977 30 July 2003 The Woodstock Festival ends. Pclc hangs up his boots. The last VW Beetle rolls olTthe line. j Some things leave our lives dull and bland with their passing. Such an event will arrive this February. j
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    • 30 10 Allianz RCM Global Twin- Focus Fund a fund that offers you twin benefits of potential quarterly payouts and limits possible downside. Visit OCBC and other appointed distributors for more details.
      30 words

  • SINGAPORE NEWS
    • 282 11  -  Unreleased Singapore films to be included By JUDITH JACOB THE National Library Board (NLB) and the Asian Film Archive (AFA) have agreed to set up a reference library collection of films made by Singaporean and Asian film makers. In addition, the
      282 words
    • 705 11  -  Group also building hip 108-room hotel called Quincy for young travellers By KALPANA RASHIWALA FAR East Organisation is expanding its Singapore hotel business with two new projects. It will invest about $330 million to $350 million developing a hotel with 420 to
      705 words
    • 212 11 New TransitLink Guide on sale THE TransitLink Guide 2007 is now available at TransitLink ticket offices in MRT stations and bus interchanges, at $2 per copy. The guide, with updated information on bus routes and the MRT and LRT systems, will soon be offered in bookstores. Mitsui Co
      212 words
    • 672 12  -  NKF CIVIL SUIT Court hears how ex-NKF board picked IT contractor By WONG WEI KONG THE award of a critical in-formation-technology contract and its implementation was again the subject of yesterday's hearing on the law suit against the old National Kidney Foundation (NKF) board. In
      WONG KWAI CHOWIST  -  672 words
    • 604 12  -  But bank obtains stay on judgment until after its appeal is heard By CONRAD RAJ THE High Court has found that United Overseas Bank and its third-party vendor for a currency identification system did infringe the patents of an Irish company, and
      604 words
    • 406 12  -  By RONNIE LIM UNCERTAINTY persists over the future of Mitsui Oil Asia (MOA) after a rogue trader tried to conceal US$Bl million of losses from unauthorised speculation last year. The Singapore company said yesterday it has no information about reported plans by its
      406 words
    • 345 12  -  By WEE LI-EN THE number of Singapore companies that have completed the transformation of their human resource (HR) processes has tripled in the past three years, according to a survey by human resource r.nn snlt»n taxMOi jjW'U l xwi** Mercer senior consultant Adam Kassab
      345 words
    • 191 12 SINGAPORE'S 35th Chingay parade is set to be the best yet. It will be led byfour floats, one of which will carry guest-of-honour President S R Nathan. Other highlights include a hip-hop performance with 700 dancers and an after-parade party at
      191 words
  • Page 11 Advertisements
    • 574 11 120 yean Welcome to the peak of epicurean living Raffles Hotel is pleased to invite you to a week of exquisite indulgence. This February, the Twelfth Annual Raffles Hotel Wine, Food and Arts Experience will feature the culinary talents of 7 stellar chefs, wine from 10 renowned vineyards and the
      574 words

  • Page 12 Advertisements
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  • ECONOMY WATCH
    • 582 13  -  HK also advised to curb inflation and deepen financial ties with mainland By JANE MOIR in Hong Kong HONG KONG has received its report card from the International Monetary Fund (IMF) with a caution that its future may
      582 words
    • 454 13 Bloomberg [NEW YORK] Conservative Republicans are sending a message to Henry Paulson: Don't mess with taxes. Four of the biggest US anti-tax organisations were to hold a "policy conference" on Capitol Hill later yesterday to warn the Treasury Secretary away from
      Bloomberg; AFP  -  454 words
    • 370 13 Strengthening yuan means China would be able to buy more HK goods and services Reuters [HONG KONG] Hong Kong's currency peg to the US dollar is expected to be maintained in the long run despite China's currency appreciation, an adviser to
      Reuters  -  370 words
    • 543 13  -  By ANTHONY ROWLEY in Tokyo THE Bank of Japan is likely to raise interest rates again this week, which will have negative impact on Japanese banks in the short term, the president of Sumitomo Mitsui Financial Group, Teisuke Kitayama, predicted yesterday. The
      543 words
    • 635 13 Issues include job creation, wage hikes, interest rates Bloomberg [NEW YORK] Ben S Bernanke, meet the Democrats. They want to know how you fit their agenda for change. Democrats, in control of Congress for the first time in 12 years, want to discuss the Federal
      Bloomberg; BLOOMBERG  -  635 words
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  • MALAYSIA/INDONESIA
    • 295 14 Reuters [KUALA LUMPUR] Malaysian builder Gamuda Bhd said yesterday it expects the government to respond to its proposed doubletrack railway project in the country's north this month. "We made a presentation to the cabinet committee chaired by the deputy prime minister in
      Reuters  -  295 words
    • 539 14  -  Concession will fallow Sime to own :2and run power for 35 years By S JAYASANKARAN Jn Kuala Lumpur *2»IME Darby is poised to bag l»<)ne of its biggest contracts vpver a RMIS billion,##Ml6 billion (556.6 billion*jps7 billion) concession sfrom Kuala Lumpur that give
      REUTERS  -  539 words
    • 269 14 Reuters [KUALA LUMPUR] Islamic investor Kuwait Finance House has become a player in Malaysia's consolidating banking sector, agreeing to buy an indirect interest in the country's fourth-largest lender. Kuwait Finance House has agreed to buy 32.5 per cent of holding
      Reuters  -  269 words
    • 2512 14 VOL Jan RM *1- ('000) A M Realty 1.46 -0.03 5 AbricBhd 0.32 -0.01 34 Acp Industries 1.32 -0.03 348 Advance Synergy 0.24 -0.02 2260 Adventa Bhd .0.92 0.03 343 Ae Multi Hldgs .0.39 -0.01 102 Affin Holdings 1.93 0.07 4158 Ahmad Zaki Resou 2.61 -0.05 55 AicCorp
      2,512 words
    • 288 14 [JAKARTA] Bank Indonesia says foreign nationals will only be allowed to work as top-level executives at for-eign-owned banks in the country, The Jakarta Post reported. The central bank's deputy'governor for banking affairs, Muliaman D Hadad, was also quoted by the newspaper as
      288 words
    • BRIEFLY ASIA
      • 59 14 Bloomberg [BEIJING] Hong Kong will introduce a real-time settlement system for yuan-denominated financial transactions by early March as part of efforts to forge closer economic ties with China, Joseph Yam, chairman of the Hong Kong Monetary Authority, said. He also aims for the first
        Bloomberg  -  59 words
      • 68 14 Reuters [MUMBAI] International rating agency Moody's Investors Service yesterday said that India may not sustain a 9 per cent growth rate momentum due to capacity constraints, and there are a lot of signs of overheating in the economy. "India cannot continue at 9
        Reuters  -  68 words
      • 103 14 Bloomberg [JAKARTA] The Jakarta Stock Exchange said it will investigate the management of PT Perusahaan Gas Negara and a number of brokerages after the 23 per cent drop in the share price of the country's largest gas distributor on Jan 12. The exchange
        Bloomberg  -  103 words
      • 75 14 Bloomberg [JAKARTA] PT Bimantara Citra, Indonesia's largest media company, has agreed to buy at least 51 per cent of PT MNC Skyvision, the country's first pay-television operator known as Indovision. The company has signed a deal to buy a controlling stake in Skyvision,
        Bloomberg  -  75 words
    • 290 14 Bloomberg [JAKARTA] Indonesia, South-east Asia's biggest oil producer, plans to ease commitments from oil and gas explorers in the eastern part of the country, as it seeks to boost oil and gas output 30 per cent by 2009. Oil companies that bid
      Bloomberg  -  290 words

  • GREATER CHINA
    • 508 15 But competition from Asian cities, over-investment pose risks: S&P AFP [HONG KONG] Credit-rat-ing agency Standard and Poor's said yesterday it is bullish on Macau's booming casinos, whose earnings would overtake those of all of Las Vegas' gaming centres within four years. But
      AFP  -  508 words
    • 438 15 But only 53% investigated and 21% took no action, according to survey [HONG KONG] Four in 10 Hong Kong companies suffered losses from their mainland operations because of fraud but only about half investigated the misconduct, according to a survey by global
      438 words
    • 165 15 Reuters [SHANGHAI] Bank of Nova Scotia, Canada's secondlargest bank by market value, is in the final stage of talks to seal a deal for a 20 per cent stake in China's Dalian City Commercial Bank, two banking sources said yesterday. Bank of
      Reuters  -  165 words
    • 475 15 Reuters [SHANGHAI] Microsoft Corp is set to launch its popular Xbox 360 console in China in the next few months, expanding beyond its traditional focus on selling PC software in the country, industry sources said. The software giant has been discussing
      Reuters  -  475 words
    • 285 15 Reuters [BEIJING] Major Chinese banks are asking for more hedging instruments to allow them to deal with potential foreign exchange losses as the yuan appreciates, Xinhua said late on Monday. "Chinese commercial banks need more derivative instruments to hedge against foreign
      Reuters; AP  -  285 words
    • 406 15 Bloomberg, AP [SHANGHAI] Baosteel Group Corp, China's biggest steelmaker, named Xv Lejiang as its new chairman, replacing chairwoman Xie Qihua under guidance from the State Council, China's cabinet. Ms Xie, 63, stepped down because of her age, according to an e-mailed
      Bloomberg,; AP  -  406 words
    • 166 15 Bloomberg [BEIJING] Hong Kong will introduce a real-time settlement system for yuandenominated financial transactions by early March as part of efforts to forge closer economic ties with China, the head of the city's de facto central bank said. Joseph Yam, chairman of
      Bloomberg  -  166 words
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  • INDIA
    • 520 16 Q3 revenues up 41 crossing US$1b mark for the first time AP, Bloomberg, Reuters [NEW DELHI] India's top software exporter Tata Consultancy Services Ltd (TCS) said it won several multimillion dollar outsourcing deals between October and December that helped the company's net income during
      AP,; Bloomberg,; Reuters; FILE PHOTO  -  520 words
    • 432 16  -  It'll hit USs4sb by 2010, with jobs for millions: report By By SIDDHARTH SRIVASTAVA in New Delhi INDIA'S organised retail trade will hit the US$45 billion mark by 2010 generating direct jobs for about 2.5 million and 10 million more in support activities, according
      432 words
    • 354 16 [NEW DELHI] The government has found Wal-Mart's plan to set up shop in India in collaboration with the Bharti Group to be in conformity with foreign direct investment norms. The US giant's plans do not violate FDI norms, officials feel. The government was under
      BLOOMBERG  -  354 words
    • 427 16 Reuters [HONG KONG] Dev Property Development Pic, an Indian real estate firm, said yesterday it will raise about US$53O million through a listing in London, joining a wave of Indian property plays headed to the market. Dev Property, which will list its shares on London's
      Reuters  -  427 words
    • 261 16 [LONDON] Vodafone Group pic is considering buying the large stake in the parent company of India's fourth largest carrier Hutchison Essar owned by Hutchison Whampoa Ltd to gain control of the Indian company, the Wall Street Journal reported yesterday. Both Vodafone and
      261 words
    • 401 16 Bloomberg [SINGAPORE] Oil Natural Gas Corp (ONGC), India's biggest oil company, may win drilling areas in the nation's sixth offer, overcoming a regulator's objections that the company failed to make discoveries in areas awarded since 2000. "The government has rejected my recommendations,"
      Bloomberg  -  401 words
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    • 24 16 .a|.■l■ V A 1 jr For enquiries ond subscription, please coll 6775 9629 or email m marketing@heritagemedia.com.sg. HFRITACrE A SUBSIDIARY OF SINGAPORE PRESS HOLDINGS
      24 words

  • MIDDLE EAST
    • 271 17 Technical-level talks in Feb to clear way for final deal Reuters [BRUSSELS] The European Commission expects to complete a long-awaited trade agreement with a group of Gulf countries soon, after a rotind of technical negotiations reached completion last week. "I welcomp the
      Reuters  -  271 words
    • 566 17 He says output cuts agreed by Opec has removed much of the excess supply Reuters, Bloomberg [NEW DELHI! Saudi Oil Minister Ali Al-Naimi yesterday said that output cuts already agreed by Opec had removed much of the world's excess supply and there was no
      Reuters,; Bloomberg; REUTERS  -  566 words
    • 310 17 Bloomberg [MUSCAT] Oman, one of the six Gulf Arab monarchies that had agreed to adopt a single currency in 2010, has decided against progressing with the project, the country's central bank governor said. "Oman will not be joining the proposed Gulf monetary
      Bloomberg  -  310 words
    • 257 17 Bloomberg [DOHA] Qatar National Bank, the Gulf emirate's largest lender by market value, had a fourth-quarter profit increase of 12 per cent as loans rose and costs declined. Net income climbed to 405 million riyals (SS171.2 million) from 362 million riyals
      Bloomberg  -  257 words
  • Page 17 Advertisements
    • 289 17 35,000 nautical miles 12 cities. 10 months the support of the Singapore lourism Board. Come February, let the Uniquely Singapore crew of the 2005-06 race regale you with their tales of adventure and courage on the h|gh seas! 1 Guest speaker, Mr David Cusworth from Clipper Ventures,will gfve exciting insights
      289 words
    • 12 17 EflfilJtMiylßfl Chooee on* item from our selections of !oc«lTift tavourrtCT 9 t
      12 words

  • ASIA-PACIFIC/WORLD
    • 715 18 GOLDEN GLOBES LAT-WP, Bloomberg HOLLYWOOD] The identity of the Golden Globes never has been exactly clear. Yet another crummy awards show, desperately trying to cook up ratings with a sliver of original entertainment? Or is it a reputable catalyst of actual Academy Awards
      LAT-WP,; Bloomberg; REUTERS  -  715 words
    • 699 18 Last month's move aimed at driving out speculators from US, Japan Bloomberg, AP JjjJANGKOK] Thai central <"4>ank deliberately created "uncertainty" in the foreign exchange market to ji#ive out speculators from <$*pan and the US when it yimposed curbs on investment, the Bank of Thailand said
      Bloomberg,; AP  -  699 words
    • 295 18 AFP [BANGKOK] Thai prosecutors yesterday launched their case against the deposed premier's political party on electoral fraud charges, in the first of two trials that could see the kingdom's main parties dissolved. Judges began hearing the case against the twiceelected Thai Rak Thai (TRT)
      AFP  -  295 words
    • 551 18 Reuters [NEW YORK] Technology and globalisation are changing the retail landscape and successful retailers will be those who can respond and adapt to those changes, attendees of the National Retail Federation's annual convention were told on Monday. Speaking to a crowded ballroom on Monday morning
      Reuters  -  551 words
    • 438 18 NYT [MOSCOW] When BP announced a landmark investment of US$6.l5 billion In Russia in 2003, the event was celebrated with a healthy dose of British pomp and circumstance. President Vladimir V Putin flew to London for the announcement of
      NYT  -  438 words
    • 350 18 Reuters [SEOUL] South Korean prosecutors demanded yesterday a six-year jail term for the chairman of Hyundai Motor Group, the world's No. 6 auto maker, for alleged breach of trust and embezzling company funds. The prosecution request came as unionised workers at South Korea's
      Reuters  -  350 words

  • MOTORING
    • 608 19  -  PI market last year accounted for 13.8% of 2006 total of 116,849 new cars Reports by SAMUEL EE THE parallel import market soared from an industry low a few years ago to a bumper year in 2006, but only two familiar brands reaped the
      FILE PHOTO  -  608 words
    • 627 19 A MANAGEMENT reshuffle at Borneo Motors Singapore has resulted in a change in the executives in charge of the Toyota and Lexus brands, whose roles have been refined. Gavin Yeo has been appointed director of sales and marketing for Toyota and Hino, while
      FILE PHOTOS  -  627 words
  • Page 19 Advertisements
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      55 words

  • AVIATION
    • 557 20  -  35.03 m passengers, 1.91 m tonne cargo, and 25 global prizes for airport in 2006 By VEN SREENIVASAN [SINGAPORE] Singapore's Changi Airport enjoyed an 8 per cent rise in traffic, resulting in a record 35.03 million passengers passing through its gates
      LIANNE ZAOBAO  -  557 words
    • 479 20  -  By MATHEW PHAN in Abu Dhabi MANAGERS from Changi Airport are to advise Abu Dhabi International Airport on the planning of its new US$6.B billion Midfield terminal complex, which when completed will handle as many passengers a year as Changi's Terminal 1
      479 words
    • 228 20 Bloomberg [MUMBAI] India deferred a decision on merging state-run Air India Ltd and Indian Airlines Ltd saying some labour issues weren't resolved. India's government, which owns all of both the airlines, expects to take a decision on the merger by March 31,
      Bloomberg  -  228 words
    • 311 20 AP, AFP [BEIJING] China's government is considering a plan to inject 16 billion yuan (553.16 billion) into its three major airlines to cut their debt and ease the burden of high fuel costs, a news report said yesterday. The plan, if approved,
      AP,; AFP  -  311 words
    • 249 20 Bloomberg [DUBAI] Emirates said it may place a US$2O billion new plane order with Boeing Co unless it's satisfied with Airbus SAS's compensation for A3BO aircraft-delivery delays. Emirates plans to start talks with Airbus "this month or next month" on reimbursement
      Bloomberg  -  249 words
    • 2298 20 arr hmt ha mb n» i Afe»Pfepfel SQ456 1300 MB LH9771 1740 LH9770 2350 SQ2M 1740 SQ269 2350 «!»■»<»>■< SQ531 0745 lamillB *****1 0645 PCL838 2315 SO 123 0645 L***** 2345 KL837 1605 SQ324 2345 Andtorag* SQ7960 0445 IllMwi EK433 0130 SQ281 0835 UL2433 0130 NZ4385
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  • Page 20 Miscellaneous
    • 205 20 CRYPTIC CROSSWORD age (6) U U Hnd 26 Master and servant (5) DOWN 1 Vessel going round lake casts 16 Plenty of cake available dur- YESTERDAY'S SOLUTION V) n 9 a ball (9) Across: 1 Medium, 4 Appended, 2 Set sail on Eastern passage (5) 17 An engaging suggestion (8)
      205 words

  • SHIPPING
    • 551 21  -  A lot will, however, depend on growth in China, India, says Royal Caribbean By DONALD URQUHART [SINGAPORE] Royal Caribbean Cruises, which has returned this year to home port out of Singapore, is bullish on Asia becoming a "very major" source market
      ARTHUR LEE  -  551 words
    • 825 21  -  STRAIT TALK By DAVID HUGHES Normally i would not impose the same subject three times in three months on the readers of this column but there is an issue that has come out of nowhere to become probably the biggest challenge the shipping industry will face
      825 words
    • 332 21 Bloomberg [SINGAPORE] Samsung Heavy Industries, the world's second-largest shipyard, had more than doubled its fourth-quarter profit as it built more vessels at higher prices. Net income surged to 76.2 billion won (Ssl2s million) in the three months ended Dec 31, from 27.9
      Bloomberg  -  332 words
    • 472 21 AP [ROME] A container ship and a commuter hydrofoil have collided near the entrance to the Sicilian port of Messina, killing four crew members on the hydrofoil and injuring dozens of passengers, police and port officials said yesterday. Five passengers were in grave
      AP; AFP  -  472 words
    • 215 21 Bloomberg [LONDON] Frontline Ltd. the world's biggest oiltanker operator by capacity, said it may spin off a company that will oversee the conversion of vessels nearing obsolescence into oil-rig transporters. Frontline expects to announce its plans "within this week", according to a statement
      Bloomberg  -  215 words
    • 283 21 SGX '000 Jan 16 St *1- Vol Ch Offshore 0.44 2930 Chuan Hup Hldgs 0.3S 0.01 3308 CoscoCorp 2.76 -005 ***** Cwt Limited 0.68 0.05 978 Ezra Hldgs .4.76 0.02 354 Freight Links .0.10 0.01 ***** Grand Banks .0.89 0.01 3 Jaya Hold Ltd 1.47 unch 447 K
      283 words
  • Page 21 Advertisements
    • 19 21 International Ship Classification V INTEGRITYSERVIC^QUAUTY Keeping you isciass J at the forefront of maritime safety, security and environmental protection
      19 words

  • EDITORIAL & OPINION
    • 499 22 EDITORIAL WHEN Shinzo Abe became Japan's prime minister last September and talked of his desire to create a "beautiful" country which Japanese could be proud of, the assumption was that he would make it a priority to cure these social ills. Indeed, he
      499 words
    • 720 22  -  THE BOTTOM LINE FRANK CHING IT is human nature to sympathise with the underdog and to oppose the bully, and the same applies to countries. The US often gets a bad press for throwing its weight around, and China will discover
      720 words
    • 1058 22  -  As India and China rise, the US has become the largest global net debtor and borrower By By JONATHAN SCHMIDT and NOURIELROUBINI Ti HE overarching theme of the World Economic Forum's (WEF) Annual Meeting which will take place in Davos, Switzerland next week
      AFP  -  1,058 words
    • 1510 23  -  Both cities are vying with each other in an increasingly public struggle to become China's main financial centre By By KEITH BRADSHER and DAVID BARBOZA NYT fl| ONG Kong and Shanghai are locked in an increasingly public struggle to become China's n main financial
      NYT; FILE PHOTO  -  1,510 words
    • 330 23  -  LETTER TO THE EDITOR Yeo Lian Sim Executive vice-president Head, Risk Management and Regulation Group Singapore Exchange Ltd WE refer to the Hock Lock Siew articles, "More consistency needed in SGX price queries" and "Price queries: use STI impact as criterion" (BT, Jan 11
      330 words
    • 906 23  -  By ANDY MUKHERJEE Bloomberg IN deciding whether to increase interest rates on Jan 31 or to stay pat, Indian central bank governor YV Reddy has to look beyond inflation. The Reserve Bank of India raised the rate at which it adds liquidity overnight into
      Bloomberg  -  906 words


  • 11430 24 ■I i >■ V s* SGX MAINBOARD Transaction date: Jan 16 52 Wk Tel Last Vol Day LartQuot* CM« GrYtd Not MCap High Low Code Company Sale +1- ('000) High Low »«yr Sofcr C»t fl Swill 35 1 S716 1st Software 2 susp g 1 115 6 3148
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  • Page 24 Advertisements
    • 53 24 •to*!*** ri T ME CO^TRAI^TS^ AUDEMARS PIGUET LA BOUTIQUE Tel 6836 4918 Sol* Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED PINK GOLD WATCH WITH CENTRE SECONDS AND DATE DISPLAY. EXCLUSIVE SELF-WINDING AUDEMARS PIGUET MOVEMENT. WATER-RESISTANT TO 20 METRES. T<ri; 6238 6678 F«: 6238 6676. also available in whits g
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  • 5514 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local cun In SS In USt dy y dy yr dy %yr l"0«x Change Change Change Change Change Change World Inden Preliminary ***** 03 149 0,3 10.1 04 18.7 t (Ml Preliminary 1123 9 0? 15.5 0.6 149 08 23.9 Europe Preliminary
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  • Page 25 Advertisements
    • 43 25 Phillip Futures' 24-Hour IZZ Energy Commodity Desk I MB provides you with advice on hedging techniques, superior client service l^lPhillioCdDitdl and timely order execution. m V im*i^v«pii«i For more details, visit www.phillipfutures.com.sg or call us at 6531 1509. Jf* YOUI" Partner In Finance
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  • Page 26 Advertisements
    • 971 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination DD SUCCESS RDM/ATW/BMN/TLB/NAN XU CHANG HAI LAX/VCW/MZL MARY H CAM/NFK/NOtySAV loads Singapore, E./W. Malaysia. Indonesia loads E./W. Indonesia MIDDLE-EAST SERVICE F.EJS.EJL 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 Loads Singapore, E./W. Malaysia, Indonesia Loads E.
      971 words
    • 666 26 'R DONGNAMA LINE VESSEL (EVERY SUN) VOT SGP HKG ROTAHARMUM HM3IS 21/01 25/01 lOTA HASH HA5441 20/01 01/02 VBSa (EVERT SUN) VOT SGP HUG 0«T) TKT TOR KOK MOLGWRT SIIO2 21/01 2S/01 29/01 30/01 01/02 MttLMOtTY ***** 2S/01 01/02 05/02 06/02 00/02 Vissa (EVEIT Ft I) VOT I SGP HKG
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    • 748 26 IwrmAHA RQBQ SMVKI vßsa/vor targep wghiw i*c not 10 sw jkt NMMMBtSEYII SO 4 20/01 22/01 SIWnStX«BS2 30 4 25/01 21/01 30/01 STUITS EIHtBS 3 I 30 I 4 02/02 04/02 00/02 11/02 13/02 [AUSTRALIAN RORO SERVICE j VBSa/VOT IIMXKDIHBGHIWI Ul| SW|BB SYD Ma API HK JKT ISM I IP
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  • Page 27 Advertisements
    • 1586 27 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/R Vr-I TIL *****588 (MUNIS) FAX: *****163 \\\Kl N WAN HAI I INrS Custwwr Swvke/Booktagj Dtat Lint (1800) *****200 1 llVllflll lim lilllL V PIQIH: (03) *****5tt fAX: (03) *****25) RN HL (04) *****00 FAX: (04)77*6194 V JOHIH: (07) *****23 FAX: |07)251*921 SUtIH;
      1,586 words
    • 1240 27 r*H, EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY UFT UPTO 450 TOWS I HITIA-ASIA SCTVKI IVOYI H Ufttaf ISM I TFT I PKL(N) PU(W) PNN JKT SIN LCI MIRI ITU ||ATANGAS END€AVOR OAK 2-60 W 20/ Dl ~2i76T 26/ Dl 21/01 SHELLY ~T~ ~~35~~?T75r ~H7CT~ "TTW ESTRELLA ETERNA 132
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    • 174 27 BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVICE FROM S PORE TO KARACHI lYKsa I voyace rasinGAWti rmumAoT~[ MUUAN oc ataiMi 039HW~ If 01.7007 3Q.01.M0; s-J** SEA-PAC MANAGEMENT PIE. LTD. 70 AnMn Rood #17-07/08 Ap*x Townr, Singapore *****5 TaUphonw 6270 0977 II FcxumtW: 6275 2309 XII T*Ux: RS ***** SEAPAC DIRECT SIN
      174 words
    • 714 27 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vessel m sin phamg Colombo h shev* I cqlomio MIM 1826 IAJM ML ZLW 2iM 21M hoiapbiama rmosi 23jam jaw 27 jaw 3qjah 03 fe» HOWAHBt 005BW 30 UH 27 O€C 03FB 06 FEB IQFtB ALSO
      714 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6210 28 ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number To ADELAIDE (ADL) 2007 Australia 28/01 16/02 China Shpg ANL ESPRIT 034S *****898 28/01 16/02 PTDjakarta ANL ESPRIT 034S £*****02 04/02 23/02 China Shpg KAMAKURA 035S *****898 04/02 23/02 PTDjakarta KAMAKURA 035S
      6,210 words
  • Page 28 Advertisements
    • 552 28 I VESSEL VOY PKL SIN KARACHI DXB BAB PMM BIK KHOR IRAN SATTARI PCL 8183 16/01 17/01 26/01 29/01 30/01 05/02 07/02 09/02 IRANSHAHRYAR PCL 8184 23/01 22/01 01/02 04/02 05/02 11/02 13/02 15/02 IRAN BAABAEI PCL 8186 23/01 24/01 02/02 05/02 06/02 12/02 14/02 16/02 VESSEL VOY SIN HHAVA
      552 words
    • 435 28 S^PlT I—Rn1 —Rn SW— am KBB =m==K==w= muiiu tgj wyii w/ii nimu jus n/o; uyfe ■fflfa rfs. iR, «s Wn ||_lJ_Ll_mlBß 11 S II VKSII VOT SIN SIT SJU I VHStI I VOT I SIM ICAICUTTAI HAIIXAI PORT KIANG I 9BBUBZ ffi 1*751 iW ptf iuussa* Mil Wit lW tt/bi
      435 words
    • 297 28 I"GLORY NAVIGATION GROUPI I SINCE 1970 i I OWNS A OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING I I THE ENTIRE ASIA PACIFIC PORTS I m REGULAR WEEKLY SERVKES: a IKAOHSIUNG A CHINESE PORTS, HONG KONG TO FROM I SOUTHEAST ASIA J SMGAPOM MAP WOON SMFFMG
      297 words


  • executive Money
    • 1047 30  -  The market for huge insurance policies is growing. GENEVIEVE CUA weighs the pros and cons of these universal life policies GENEVIEVE CUA iiM||pßp HE growing ranks of the wealthy have spurred demand for large insurance policies where the sums assured are in the millions of
      YEN MENG JUN  -  1,047 words
    • 1137 31  -  Liquidity is flooding the markets, but as every easy money boom in history has shown, nothing lasts forever MONEY MATTERS MICHAEL PREISS «mm m inston I m Churchill's m «ft Mm tribute to the t F F RAF pilots m who dissed KM 11 the Luftwaffe
      1,137 words
    • 1205 32  -  GENEVIEVE CUA highlights three funds with attractive coupon incomes GENEVIEVE CUA THE flurry of launches of new structured investment products may lead one to think that coupon income grows on trees. But with structured funds, the investment proposition is usually not as straightforward as you may
      Source: Societe Generale Asset-Management  -  1,205 words
    • 506 32  -  By GENEVIEVE CUA THE bull market in equities is set to last longer than most people expect, says Citigroup chief global equity strategist Ajay Kapur, and this time around the mature markets of the US and Japan could outperform the emerging markets. "Global equity looks pretty
      506 words
  • Page 30 Advertisements
    • 593 30 > > mFI f mli «r s 3^Jfe VhWw f Hl._ "JS smiCS^Ves^^^^l r MHft 4 i I ;H M i» ifc^ r 1 b%J83~ §M nittfifi!' H r j .Jjl tigH llr a fwj sfi^H Distributors: citibank dmg Partners Chartered UOBKayHtan |^C!| Hotline: 6333 9000 Hotline 6538 3773 Hotline:
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    • 65 30 MONEY MATTERS Crashing end to the easy money boom 30 PG 31 'Mp; J^^HHMHMHH!||HHMNMHJBHMH|HP^^^^^H KV Opening hours: 10am to 6pm (Closed on Mondays except school and public holidays) 15 Science Centre Road Singapore *****1 IH h.* Tel: (65) 6425-2500 Fax: (65) 6565-9533 a SINGAPORE Email: marketingOscience.edu sg SCIENCE CENTRE Free
      65 words

  • Page 31 Advertisements
    • 508 31 7 111 1 CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. //:r\ ogn ciio IGo long or short of shares on margin, putting up a fraction of the full contract value. 'j| m Guaranteed market prices, and low commissions 24-hour dealing on global markets
      508 words

  • Page 32 Advertisements
    • 550 32 Entertainm n S lectlncom FundfSGDV Of': tfdJ&M i I Jab r VijkHk JM Bk. Invest in the global entertainment leisure sectors Enjoy potential regular income 2 Benefit from potential capital growth 3 in global entertainment and leisure stocks. Achieve limited downside 4 with a proprietary trading strategy. Managed by 9
      550 words