The Business Times, 23 January 2007
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2007-01-23
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The Business Times
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Title Section18 2007-01-23 1 The Business Times SINGAPOREBS-cems online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Tuesday, January 23,200718 words
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Article, Illustration804 2007-01-23 1 TEH HOOI LING - STI enjoys biggest one-day gain in seven months to hit new record; most regional bourses also rally By TEH HOOI LING [SINGAPORE] A buying wave swept across Asian bourses yesterday, with Singapore stocks getting a further boost from Minister Mentor Lee KuanSource: Bloomberg; REUTERS - 804 words
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291 2007-01-23 1 JUDITH JACOB - Aussie investment firm Babcock and Brown also mulling bid for Alinta By JUDITH JACOB [SINGAPORE] Singapore Power has emerged as the rumoured candidate to lead a counterbid for Australia's biggest energy infrastructure firm, Alinta Ltd, which has a market capitalisation of As6.B291 words
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465 2007-01-23 1 By OUR CORRESPONDENT in Bangkok ITV, the Thai television company which has been ordered to pay fines and charges totalling almost 100 billion baht (S$4.4 billion), is asking for the matter to go to arbitration. In the meantime, an emergency meeting of465 words
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Article134 2007-01-23 1 STI 3,145.20 (+72.32) ST INDEX FUTURES 3,145.00 (+72.00) siMsa 383.27 (+8.64) SIMSa FUTURES 383.20 (+7.60) MARKETS Monday Change KLCOMP 1.157J5 *10.09 NIKKEI 225 17,424.18 +113.74 HANG SENG 20,772.22 +444.50 SET INDEX 655.12 -3.05 JAKARTA COMP 1,817.41 +21,85 MANILA COMP 3.14U8 +56.10 SEOUL COMP 1,363 41 +2.85 SHENZHEN B134 words
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Page 1 Advertisements
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Advertisement49 2007-01-23 1 SPOTLIGHT penchant page 12 S'PORE BUDGET People are dining out, shopping and spending, a property boom is shaping up and the STI is at an all-time high but economists are still waiting for concrete signs of growth. PAGE 23 Singapore Shipping Association draws up Budget wish list PAGE 2149 words
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Advertisement10 2007-01-23 1 COMPANIES SIA world's largest airline by market cap PAGE 610 words
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Advertisement10 2007-01-23 1 CORPORATE RESULTS Q4 profit at Ml up 7.6% PAGE 610 words
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Advertisement9 2007-01-23 1 PROPERTY jHk Biggest en bloc sale in the making9 words
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TOP STORIES
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550 2007-01-23 2 WONG WEI KONG - Law change aimed at safeguarding against potential bank failures By WONG WEI KONG [SINGAPORE] In a move aimed at strengthening protection for Singapore depositors, foreign banks operating here will be required to maintain a minimum level of assets in the Republic, as a550 words
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Article, Illustration598 2007-01-23 2 SAMUEL EE - More options for operators running higher-fare services By SAMUEL EE [SINGAPORE] The Public Transport Council (PTC) has unveiled a new premium bus service scheme to offer better quality bus services as part of the government's plan to make public transport more attractive. The PTC yesterday598 words
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Article499 2007-01-23 2 HPL, foreign fund set to buy Horizon Towers for $500m A PARTNERSHIP involving Hotel Properties Ltd and a foreign property fund is said to have conditionally agreed to buy Horizon Towers at Leonie Hill for $500 million, making it the biggest collective sale yet, in dollar terms. The499 words
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Article, Illustration449 2007-01-23 3 TEH HOOI LING - S'pore companies urged to look at top consumer market By TEH HOOI LING [SINGAPORE] Some mid-die-sized US companies will end up in Singaporean hands if local businesses take the advice of Hector Cuellar, president of RSM EquiCo Capital Markets. "Singapore companies have captured449 words
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Article, Illustration427 2007-01-23 3 KALPANA RASHIWALA - If deal goes ahead, it will be the biggest en bloc sale yet in dollar terms By KALPANA RASHIWALA [SINGAPORE] A partnership involving Hotel Properties Ltd (HPL) and a foreign property fund is said to have conditionally agreed to buy427 words
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Advertisement175 2007-01-23 2 SPRING Singapore iw i' '/■•jf jkshe^^^hhhh it "**'JC W jt, t>n j 1 9 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 <inci.175 words
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Advertisement92 2007-01-23 2 people Giv a V r °e U a r k self Call us. Www thepeopleatwork com Asia Pacific Executive Search HOT IPO Attract more interest from Investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. :»atc NOTICES PENG KWEE 01 -45A PENINSULA PLAZA 633492 words
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Advertisement502 2007-01-23 3 What about your wealth? ASIA is home to some of the fastest growing economies in the world. Most people know this. But how many are actually benefiting from this fact? With nearly 40 years' investment experience in Asian markets and a team of over 100 investment professionals 2 in the502 words
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Advertisement10 2007-01-23 4 »111 iiii iiwia^ 'ff •s ';< -W Ai»is^^P^^MMllK3lsl»lral^BMMyi^ lLmNK-^£^p y>. "'~"~$2oe™~"10 words
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COMPANY NEWS
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306 2007-01-23 5 KALPANA RASHIWALA - By KALPANA RASHIWALA GERMAN fund manager Difa Deutsche Immobilien Fonds (recently renamed Union Investment Real Estate AG) is buying Vision Crest's office block and the House of Tan Yeok Nee next door in the Penang Road/Clemenceau Avenue area for a total sum306 words
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409 2007-01-23 5 WEE LI-EN - The two companies will invest up to $80m in two ventures By WEE LI-EN WATER-TREATMENT specialist Hyflux will be teaming up with major American residential water manufacturer Marmon Water to invest up to $80 million in two ventures, including a manufacturing plant in China.409 words
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688 2007-01-23 5 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN THE past few weeks have been good for the Singapore market, and especially construction stocks. Names such as piling specialist CSC Holdings, building materials maker Hong Leong Asia and infrastructure player LC Development have been in the688 words
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Article, Illustration523 2007-01-23 6 VEN SREENIVASAN - Worth US$l4.4b, it overtakes leader Southwest Airlines By VEN SREENIVASAN WITH its stock price having soared by more than 40 per cent over the past year, Singapore Airlines is now the world's largest airline group by market capitalisation, beating US-based budget carrier SouthwestSource: Bloomberg - 523 words
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Article, Illustration636 2007-01-23 6 SIOW LI SEN - It also proposes final tax-exempt dividend of 7.5 cents a share By SIOW LI SEN MOBILEONE yesterday delighted shareholders with a 7.6 per cent rise in fourthquarter net profit to $39.8 million and a proposed 10 per cent capital reduction toYEN MENG JIIN - 636 words
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350 2007-01-23 6 Bloomberg [HONG KONG] Macau gaming billionaire Stanley Ho made a personal investment in the Singaporelisted Star Cruises, Asia's largest cruise operator said yesterday. Star Cruises also entered into an agreement for Mr Ho's Sociedade de Jogos de Macau to operate a casino in aBloomberg - 350 words
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309 2007-01-23 6 WEE LI-EN; CONRAD TAN - By WEE LI-EN and CONRAD TAN IN A surprise move given current market bullishness, diesel-engine maker Dynamax International has withdrawn the preliminary listing prospectus which it lodged with the Monetary Authority of Singapore (MAS) last year. The talk is that it is looking for a309 words
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Article, Illustration371 2007-01-23 6 CONRAD RAJ - By CONRAD RAJ YANTAI Raffles, a Chinese shipyard founded and controlled by Singapore entrepreneur Brian Chang, has built and launched the world's first specialised vessel for transporting luxury yachts. The US$54 million Yacht Express is a specially designed semi-submersible yacht carrier for Dockwise Yacht Transport,371 words
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Article322 2007-01-23 6 ARTHUR SIM - By ARTHUR SIM K-REIT Asia, the real estate investment trust vehicle of Keppel Land, has reported a distributable income of $11.2 million for the period from April 26 to Dec 31, 2006. This exceeds its forecast by 23.9 per cent. The income relates to this period322 words
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Advertisement7 2007-01-23 5 World's Finest J Virtual Office, *S I7 words
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Advertisement732 2007-01-23 5 LYXOR Oracle Series The S&P All STARS Global Income Funds (sgd/usd) Lyxor Funds Results Powered by Innovation For more information on the Funds, please speak to our (JOB Personal Banker at any UOB Group branch today, call 1800 *****21 or log on to www.uobgroup.com Distributed by: Managed by: *5 LVYOR.732 words
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Advertisement163 2007-01-23 6 1 Choose a world leader for a professional FX trading service. We offer tight spreads on A2Q() CIIQ all major FX pairs and a huge range of exotics, plus CFDs on shares, indices and more. Spreads from 2 pips on leading currency pairs Local office, local bank accounts IQITtSTKCtS^COIVI^SQ it163 words
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SINGAPORE MARKETS
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Article, Illustration509 2007-01-23 8 TEH HOOI LING - STOCKS Prospect of corporate tax cut and US Treasuries news add excitement to liquidity-filled market TEH HOOI LING Senior Correspondent LOOKS like the party is just getting hotter for investors. Yesterday, the Straits Times Index (STI) surged 72.32 points or 2.35 perSource: Bloomberg - 509 words
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Article, Illustration1004 2007-01-23 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 22 and earlief) Subsantial No of PHc« SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr ('000) ('000) Longcheer Hldgs 22-Jan-07 Deng Hua *PL ***** 1.14 ***** 17.22 ***** 12.68 Longcheer Hldgs 22-Jan-07 Tang Jiping1,004 words
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Article, Illustration961 2007-01-23 8 UMA SHANKARI - Compiled by UMA SHANKARI POSSIBLE increase in Thai excise tax for beer: Last week, the Excise Department revealed that it is considering the realignment of the excise tax regime for alcoholic beverages. The aim is to unify the tax rates for different beer grades, which are currently divided intoSource: Bloomberg - 961 words
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Article, Illustration522 2007-01-23 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent A SHARP rebound in oil prices helped to lift the US dollar against some of its more vulnerable counterparts yesterday. but the Australian dollar was a stand-out winner on the back of a smart comeback for both base and522 words
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COMPANY NEWS
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317 2007-01-23 9 JUDITH JACOB - Projects in Western Australia due for completion by Q2 next year By JUDITH JACOB AUSGROUP Ltd has secured two contracts worth about A 572.7 million (5588.7 million). "These projects will commence immediately and are scheduled for completion by the second quarter of FY2008," the317 words
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227 2007-01-23 9 UNITED Envirotech has proposed a placement of up to 49.65 million new shares to raise about $13.1 million in net proceeds. It said yesterday that it had signed an agreement to place 42.23 million new shares at 26.68 cents each to World227 words
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Article309 2007-01-23 9 Longcheer founders place out shares LONGCHEER Holdings non-executive chairman Tao Qiang and eight other founders of the group have placed out 48 million shares representing 12.1 per cent of the group's share base to institutional investors. The shares were sold at $1.14 apiece. Enviro-Hub sells 40% stake in309 words
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Article, Illustration399 2007-01-23 9 ROLAND LIM - Company to unveil innovative product based on new patent in Q3 By ROLAND LIM TREK 2000 International, best known as the inventor of the Thumbdrive portable data storage device, yesterday announced that it has been awarded a new patent covering wireless storage technology, inFILE PHOTO - 399 words
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Advertisement101 2007-01-23 9 vou X d z J Cofl4* 0 g A A I the world's most desirable addresses. UJ|H Warcrvvav Villa v- v. I y w k .V'- I 4 Exclusive Waterway Fairway bungalow land parcels in the South Cove Collection are mm available for sale. Foreigners eligible to purchase bungalow land101 words
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SINGAPORE NEWS
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301 2007-01-23 10 Govt may repossess land, forfeit $200m deposits on delays LAS Vegas Sands Corp and Genting Bhd, which won the right to develop separate casino-resorts in Singapore, may lose their deposits of $200 million each if they don't build on time, a minister301 words
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Article, Illustration391 2007-01-23 10 CHUANG PECK MING - YESTERDAY IN PARLIAMENT Moves include selling more land to private hospital operators By CHUANG PECK MING SINGAPORE is moving to expand its medical capacity including selling more land to private hospital operators to tap new markets and fight increased international competition. WithFILE PHOTO - 391 words
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Article431 2007-01-23 10 Tighter law on 2nd hand goods dealers THE police will zero in on dealers in expensive secondhand goods with the passing of a new Bill intended to curb theft. The refined and updated Secondhand Goods Dealers Bill will replace the century-old Secondhand Dealers Act to better serve today's431 words
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Article332 2007-01-23 11 Housing not only factor in GST package MANPOWER Minister Ng Eng Hen says the government is not going to look at the distribution of the proposed GST offset package by housing type alone. He made these comments at a forum which aired on Channel NewsAsia yesterday. Dr Ng332 words
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248 2007-01-23 11 ExxonMobil triggers this round of cuts for all petrol grades, followed by rivals A FLURRY of price cuts has brought petrol prices down by three to five cents a litre, following the recent weakness in oil prices. ExxonMobil started the248 words
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329 2007-01-23 11 WONG WEI KONG - By WONG WEI KONG A FORMER employee of the Singapore unit of aerospace industry multinational Honeywell was sentenced to 10 months' jail by a district court yesterday for corruption and cheating, including taking bribes from the former chief executive of listed Linair Technologies. Lim329 words
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Article, Illustration501 2007-01-23 11 RONNIE LIM - The Jurong Island station is expected to be ready by mid-2009 By RONNIE LIM FOLLOWING Keppel Energy's recent commissioning of its new Jurong Island power station, the next new genco entrant here, Island Power, is finally set to begin building itsFILE PHOTO - 501 words
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307 2007-01-23 11 Malaysian minister's comments differ from earlier note received, says MFA SINGAPORE is seeking clarification from Malaysia over the latter's proposal to divert heavy vehicles and lorries to the Second Link from the Causeway for about one year. "We have received an earlier notification307 words
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Page 10 Advertisements
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Advertisement5 2007-01-23 10 The monetary authority of Singapore5 words
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Advertisement217 2007-01-23 10 I Finance for Non-Finance Managers Master Trainer: Professor Dan Levin (PhD, Wharton Jl Business School) HsKfljj 6 th Feb (Tue) or 8" 1 Feb (Thu) 1 Taught by an internationally renowned trainer, this is a MUST attend for managers HDE_jI with a non-financial background to be equipped with latest concepts217 words
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Page 11 Advertisements
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Advertisement155 2007-01-23 11 Clariden Leu Excellent news for investors: The four Swiss private banks Clariden, Leu, Hofmann and BGP, as well as Credit Suisse Fides are joining forces to create Clariden Leu and in doing so will continue to guarantee the first-class service their private clients all over the world have come to155 words
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SME spotlight
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Article, Illustration856 2007-01-23 12 CONRAD TAN - And Europe is where it might happen, its CEO hints. CONRAD TAN reports CONRAD TAN AGVA Corp's chief executive Albert Lim is fascinated with Japan. And the Japanese penchant for the latest trends in electronic gadgets has fuelled sales for Agva, which856 words
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Article6139 2007-01-23 12 UNIT TRUSTS FUNDS AM Aim AaM Mgt (S'pora) Star Europe Eqty!* 1.062/ Star Europe Bond 1174/ Star Europe Bal 1226/ Star Asian Tiger Erft/.. 1328/ Star Asia Bond 1312/ Star Asia m5»»W Tsd1 ™JBP dl ZZjETIMZJjft&m 10.854/ gaar^ ln 20.76/ I ChmaEqtyFdA 162.33/ Consumer Dts Fd A 67.87/ Consumer Sep6,139 words
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Article, Illustration724 2007-01-23 13 JANICE HENG - SMALL CAPS Focusing on customer service certainly pays off for Jin Li Mould Manufacturing as JANICE HENG finds out JANICE HENG THE next time you put on those earphones, consider this: the cover of your iPod might just have been made by one of724 words
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345 2007-01-23 13 TEH HOOI LING - By TEH HOOI LING OUR small cap portfolio outperformed both the UOB Sesdaq Index and the Straits Times Index for the second week in a row. It advanced 4.8 per cent, compared with the Sesdaq Index's 1.9 per cent and the STl's 3.6 per345 words
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Page 12 Advertisements
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Advertisement7 2007-01-23 12 You can now use your CPF savings7 words
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Page 13 Advertisements
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Advertisement225 2007-01-23 13 K. k i) 1 1 ■■—I 1 Bn \/i |H M > i k.- H| tL.""TTX! w < T** |H HH l~h6 similarities al c to an y business, ask the right q ues ti° ns and B^H HHP you will realise that two clearly different firms H^H mm Can225 words
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ECONOMY WATCH
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559 2007-01-23 14 LAUREL TEO - They caution against externallydriven growth and lack of reforms By LAUREL TEO in Jakarta THE government might have targeted the Indonesian economy to grow by 6.3 per cent this year, but some analysts and observers have a less rosy outlook. One leading economist, Rizal559 words
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Article2478 2007-01-23 14 VOl Jwi 22 KM rOOO) ASM Realty 1.42 -0.02 28 AbncBhd .033 -0.01 334 Acp Industries 1.51 0.10 2251 Advance Synergy .030 0.05 ***** AdventaBhd 0 88 -0.01 180 AeMultl Hldgs _....039 0.02 144 Affln Holdings 1.99 0.06 4296 Ahmad ZakiResou 2 58 0.05 62 Ak Corp .0.762,478 words
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Article, Illustration615 2007-01-23 14 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo IMF managing director Rodrigo de Rato has come out in support of the Bank of Japan's (BOJ) cautious approach to monetary policy, arguing that the overriding priority should be to "leave deflation firmly behind". But at the sameREUTERS - 615 words
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313 2007-01-23 14 Reuters [TOKYO] Asian central bank governors yesterday warned against risks from growing capital flows into the region, a phenomenon they said could be the biggest challenge they face because of the impact on currency fluctuations and economic policies. "It is, and willReuters - 313 words
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Article667 2007-01-23 14 ANALYSIS But analysts are divided on what the higher rate is, ranging from 6.5% to 8% Reuters [MUMBAIJ More than a decade of reform has shifted India's long-term economic growth rate up a notch. With that, analysts agree. Where they disagree, is inReuters - 667 words
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MALAYSIA/INDONESIA
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254 2007-01-23 15 Bloomberg IJAKARTA] Hutchison Telecommunications International Ltd billionaire Li Ka-shing's phone company with operations from Hong Kong to Ghana said it will spend USsl billion this year to expand network coverage in Indonesia. PT Hutchison CP Telecommunications. the Indonesian unit, will invest in wireless towersBloomberg - 254 words
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Article, Illustration516 2007-01-23 15 PAULINE NG - Trading volume on the rise, with a third generated by buyers abroad: CEO By PAULINE NG in Kuala Lumpur HAVING shunned Malaysian equities for the greater part of the past nine years, foreign investors have turned net buyers, Bursa Malaysia's top official saidAP - 516 words
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458 2007-01-23 15 Reuters [KUALA LUMPUR] Asia's largest budget airline, AirAsia Bhd, is looking at a possible listing in London or Hong Kong to tap a wider pool of foreign investors, a source close to the firm said yesterday. Air Asia has been listed in MalaysiaReuters - 458 words
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165 2007-01-23 15 Reuters [JAKARTA] Shares in Indonesia's largest lender, PT Bank Mandiri Tbk, jumped nearly 5 per cent yesterday after the stateowned lender said it may post a better-than-expected 2006 net profit. The bank said on Sunday its 2006 net profit may be between 1.8Reuters - 165 words
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321 2007-01-23 15 Media Nusantara may raise as much as US$120m Bloomberg [JAKARTA] PT Media Nusantara Citra, owner of Indonesia's most-watched television channel, plans to sell a 20 per cent stake in an initial public offering and use the funds to expand programming to competeBloomberg - 321 words
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Page 15 Advertisements
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Advertisement329 2007-01-23 15 «j£ |k .^Jmgßr ri e ce ent iv r mpt co «->■ s—<«* Business Class >"< Or /Tokyo (Nartta) Takashimaya L/\ XmL, OK3Uf\i 1 Voucher or Xfutook, ssatß WW Isetan Voucher Economy Class r Pv Takashimaya OVjU <() Voucher or W Isetan Voucher _NMI 12 08:45 16:15 .NH9O2 23;25 1329 words
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GREATER CHINA
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439 2007-01-23 16 Bloomberg [BEIJING] China Mobile Communications Corp, the world's biggest mobilephone company, agreed to buy Pakistan's Paktel Ltd in its first overseas acquisition, gaining a foothold in a market that added 34 million users in 18 months. The operator, based here,Bloomberg - 439 words
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519 2007-01-23 16 JANE MOIR - This comes on the back of a windfall in investment income in 2006 By JANE MOIR in Hong Kong HONG Kong's finance chief is coming under public pressure to loosen the purse strings in next month's budget after netting windfall investment income last519 words
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Article, Illustration51 2007-01-23 16 [SHENYANG]Passengers having their tickets checked at a railway station in Shenyang, in northeast China's Liaoning province yesterday. The country's railway system is expected to carry more than 150 million passengers around Lunar New Year's Day, which falls on Feb 18 this year. Xinhua news agency reported.REUTERS - 51 words
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Article, Illustration184 2007-01-23 16 Reuters [SHANGHAI] Shanghai property tycoon Zhou Zhengyi was arrested on corruption charges on Sunday, just months after he finished a three-year prison sentence lor other offences, the official Xinhua news agency reported Mr Zhou, once named China's 11th richest man with an estimated worthReuters - 184 words
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BRIEFLY ASIA
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Article84 2007-01-23 16 NYT AFP [BEIJING] China's apparent success in destroying one of its own orbiting satellites with a ballistic missile f signals that its rising military intends to contest American supremacy in space, a realm many here consider increasingly crucial to national security. The New York TimesNYT; AFP - 84 words
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Article62 2007-01-23 16 Bloomberg [NEW YORK] Rupert Murdoch's chief executives at two Indian media companies, STAR Group Ltd and STAR Entertainment, have resigned. Peter Mukeijea, CEO for STAR Group, will leave the company by the end of this month while Sameer Nair, CEO at STAR Entertainment, will leaveBloomberg - 62 words
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39 2007-01-23 16 AFP [TAIPEI] ProMOS Technologies Inc, Taiwan's leading memory chipmaker, said yesterday it is building a US$900 million, eight-inch wafer plant in south-east China, scheduled to begin operations in Q1 2008.— AFPAFP - 39 words
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53 2007-01-23 16 Reuters [NEW DELHI] India wants a new pension scheme for government employees to start investing a portion in stock markets, while legislation is pending in Parliament. Finance Minister Palaniappan Chidambaram said yesterday that the rules governing non-government funds will be adopted for the newReuters - 53 words
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567 2007-01-23 16 Investors expect another bumper capital market year [HONG KONG] On the back of a record-breaking for the stock market, two more companies opened their order books for retail subscriptions yesterday to raise a combined HK$2.O6 billion (Ss4o6 million). Investors expect the year ahead to567 words
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200 2007-01-23 16 Bloomberg [SHANGHAI] Bank of China Ltd, the nation's secondlargest lender, said that it isn't looking at buying a US company, denying a media report. "We are not currently planning any overseas acquisitions," said Wang Zhaowen, a Beijing-based spokesman at Bank of China. HeBloomberg - 200 words
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Advertisement53 2007-01-23 16 We Are... ADWORDS AUTHORISED RESELLER ssftsS ""TT 6 Google" Advertise On The Premier Search Engine With Us Nowl www.googlereseller.com.sg Contact Us 6872 2725 W Lianhe Zaobao I Red-hot market: I I Chinese I I stockbroking I I firms I I r n fc ngvergg v I I muss I m53 words
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INDIA
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229 2007-01-23 17 [MUMBAI] The Hinduja group, which is in the race to acquire a controlling stake in India's Hutchison Essar mobile phone company, says it will bid for Italian tyre and real estate major Pirelli's stake in Telecom Italia only if the acquisition gives it229 words
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192 2007-01-23 17 Bloomberg [NEW DELHI] Motorola Inc's petition to be reinstated in the bidding process for India's biggest mobilephone equipment order was postponed yesterday by a New Delhi court. The court set the hearing for Feb 1, Rajiv Nayar, Motorola's lawyer, said in New Delhi. TheBloomberg - 192 words
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Article, Illustration510 2007-01-23 17 Net income rose 42% to higher than expected 9.1b rupees Bloomberg [MUMBAI] ICICI Bank Ltd shares gained after India's biggest lender by market value posted record profit as loans to buy homes and consumer products accelerated in the fastest-growing major economy after China. SharesBloomberg; AFP - 510 words
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284 2007-01-23 17 Police say at least 150 people have been arrested Reuters [BANGALORE] Federal police were deployed and schools were shut in India's technology hub of Bangalore yesterday after communal rioting between Hindus and Muslims left one 12-year-old boy dead and dozens ofReuters - 284 words
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Advertisement167 2007-01-23 17 I Kuriya Set Lunch has everything from Salad to Main Course to Soup and more to get you through a hectic day. Besides, price starts $19.80 only! Choose from five different fulfilling sets today, j A M Japan*** Restaurant RE S Group of Restaurants www.rcs.com.sg Diners Club Card To apply,167 words
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MIDDLE-EAST
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Article, Illustration567 2007-01-23 18 CLARENCE MICHAEL - Solid growth, higher financial penetration, sustainable debt levels augur well By CLARENCE MICHAEL in Dubai THE environment for core banking operations in the Gulf Arab region remains strong with 2007 looking to be a year of growth, according to reports. AccordingBLOOMBERG - 567 words
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246 2007-01-23 18 Bloomberg [RIYADH] Saudi Basic Industries Corp, the world's biggest petrochemicals maker by market value, said fourth-quarter profit rose 36 per cent on higher prices and increased sales. Net income climbed to 6.1 billion riyals (552.5 billion) from 4.48 billion riyals a year earlier,Bloomberg - 246 words
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Article339 2007-01-23 18 Bloomberg [DUBAI] Dubai Islamic Bank, the largest lender in the United Arab Emirates complying with Muslim banking laws, said fourthquarter profit more than doubled as it lured more deposits and business from the government. Net income jumped 114 per cent to 540 million dirhams (*****Bloomberg - 339 words
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Advertisement1203 2007-01-23 18 IN THE MATTER OF ,p. I|||M||||| the COMPANIES ACT (CHAPTER 50) WPEVw i WPIM and ECO*THERMAL LIMITED IN E MATTER OF KIM POM AUTO (PTE) LTD DEVOTION ECO-THERMAL LIMITED I (Co. R*9- No. 19******0 M) I (Incorporated in the Republic of Singapore on 15 October 2002) N (Company Registration Number1,203 words
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Advertisement82 2007-01-23 18 fair Weather Olipp^f Singapore craw of the 2005-06 race regale you with their tales of adventure and WW courage on the tygh seas! Guest speaker, Mr David Cusworth from v Clipper Ventures, wffl gve exciting insights into the upcoming race.Find out how you can come onboard the Uniquely Singapore and82 words
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ASIA-PACIFIC/WORLD
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Article, Illustration473 2007-01-23 19 Critics have blamed the Sarbanes-Oxley regulations for lower share sales Bloomberg [NEW YORK] The US will lose its place as the world's leading financial centre in the next decade without legal and regulatory changes, a report commissioned by New York MayorBloomberg; AP - 473 words
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173 2007-01-23 19 Reuters [TOKYO] Japanese prosecutors yesterday searched the offices of three major construction firms including Obayashi Corp on suspicion of bid-rigging for a Nagoya subway line project, bringing down their share prices. Officials from the Nagoya District Public Prosecutors Office went to the headquarters ofReuters - 173 words
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WORLD WATCH
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71 2007-01-23 19 AFP [TOKYO] Japan is trying to arrange for Chinese Premier Wen Jiabao to address the Japanese parliament in April in a sign of warming relations between the two countries, reports said yesterday. Japanese lawmaker Toshihiro Nikai, in Beijing as an envoy of Prime MinisterAFP - 71 words
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73 2007-01-23 19 Bloomberg [LONDON] Norman Foster, the architect who designed the London office building known as the Gherkin and HSBC Holdings Pic's Hong Kong headquarters, is considering the sale of his firm, Foster Partners. The practice is weighing options for its future and how to fundBloomberg - 73 words
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68 2007-01-23 19 AFP [BANGKOK] Sixteen soldiers and civilians are in police custody in connection with the New Year's Eve bombings here. Army Lieutenant General Prayudh Chan-ocha said police had opened investigations into their possible involvement in the blasts that killed three and wounded more than 40.AFP - 68 words
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82 2007-01-23 19 Reuters [LONDON] Global investment in commercial property grew by a third last year to a record US$643 billion, led by Europe and Asia where deal volumes were half as much again as in 2005, data from Cushman Wakefield showed yesterday. The global property servicesReuters - 82 words
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81 2007-01-23 19 Bloomberg [TOKYO] Nippon Oil Corp and Japan Energy Corp will jointly build an oil processing unit with petrochemical makers in 2009, the latest sign that the country's refiners are expanding cooperation to compete with Asian rivals. The companies plan to build aBloomberg - 81 words
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367 2007-01-23 19 Bloomberg [WASHINGTON] NYSE Group and NASD have won approval from US brokerages to form a single regulator and cut compliance costs for the securities industry, overcoming opposition from a group of small firms. NASD members voted 64 per cent in favourBloomberg - 367 words
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271 2007-01-23 19 NYT [NEW YORK] And you thought social networking was all about text-messaging among bored teenagers. IBM has another take on it Yesterday the company was due to announce a set of social software tools that will bring the kind of blogging, idea sharingNYT - 271 words
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424 2007-01-23 19 They had underwritten IPOs for gambling sites NYT [NEW YORK] The Justice Department has issued subpoenas to at least four Wall Street investment banks as part of a widening investigation into the multi-billion-dollar online gambling industry, according to people briefed about the investigation.NYT - 424 words
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543 2007-01-23 19 Financial elite snaps up luxury homes, fast cars, yachts as blazing hot market rewards them with £17.3b in bonuses Reuters [LONDON] WHEN you're a London banker with more than a million dollars in bonus money to burn, the yachts, James Bond cars andReuters - 543 words
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AVIATION
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Article, Illustration315 2007-01-23 20 Workers seek legal protection for jobs if airline was sold or broken up Reuters [SYDNEY] The buyout group bidding for Australia's Qantas Airways met unions yesterday, promising not to cut services or send maintenance operations offshore amid fears about jobs and working conditions.Reuters; REUTERS - 315 words
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Article, Illustration329 2007-01-23 20 AFP [SYDNEY] Time-wasting corporate governance demands and the short-term outlook of equity investors helped convince the Qantas board to back a controversial private equity buyout, the airline's chairman said in remarks published yesterday. Margaret Jackson told the Financial Times that the board of Australia's flag-carrierAFP; FILE PHOTO - 329 words
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225 2007-01-23 20 Bloomberg [BANGKOK] Airports of Thailand Pel, the operator of the US$4.1 billion Bangkok airport that was opened four months ago, said the taxiway of its airport in the capital is cracked and needs repairing. The cracks don't affect the safety of flight operations atBloomberg - 225 words
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236 2007-01-23 20 Bloomberg [SINGAPORE] Great Wall Airlines Co, part-owned by Singapore Airlines Ltd's cargo unit, has resumed flights after the US Treasury Department lifted sanctions against it. The airline restarted a six-times-a-week service from its base, Shanghai, to Amsterdam on Sunday and it plans to resume servicesBloomberg - 236 words
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243 2007-01-23 20 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Singapore Airlines (SIA) has abandoned phone check-ins in favour of Internet check-ins, citing the latter's more extensive capabilities and efficiency. This means that any SIA passenger wishing to check in up to 48 hours before boarding can only do243 words
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Article2312 2007-01-23 20 gn wiHT HA nag *n HUSH LH9771 1740 AFM 2215 SO268 1740 BA7382 221S AF8087 1830 QF82 2215 BA7381 1830 LH9770 2350 w iwp tomriw L***** 0645 KL838 2315 SO323 064S L***** 2345 KL837 1605 SQ324 Auckland EX433 01)0 SQ281 0850 UL2433 0130 NZ438S 2100 NZ43862,312 words
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Page 20 Miscellaneous
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Miscellaneous163 2007-01-23 20 CRYPTIC CROSSWORD DOWN 8 Disengaged with nothing to YESTERDAY'S SOLUTION 2 It helps the driver who do? (2,1.5,3) Across: 5 La-di-da, 8 Claptrap, 9 hasn't got eyes in the back 10 Crooked tender lady! (11) Arabist, 10 Rotor, 11 Comeliest, 13 of his head (4-4,6) 14 a Caledonian racecourse! Strained,163 words
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SHIPPING/AVIATION
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Article, Illustration1001 2007-01-23 21 DONALD URQUHART - Industry facing rising costs, environmental pressures By DONALD URQUHART [SINGAPORE] Ahead of Singapore's annual Budget next month the Singapore Shipping Association (SSA) has drawn up a substantial "wish list" of tax breaks, incentives and other initiatives it hopes to see included in theFILE PHOTO - 1,001 words
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Article376 2007-01-23 21 Bloomberg [LONDON] British Airways Pic, Europe's third-largest airline, is working on contingency plans for a threeday strike threatened next week by cabin crews in a dispute over sick leave, pay and pensions. The shares fell as much as 2.5 per cent. "We're working throughBloomberg - 376 words
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Article282 2007-01-23 21 SGX '000 Jan 22 S$ Vol Ch Offshore .0.44 0*2 1545 Chuan Hup Hldgs .0.34 -0.01 941 CoscoCorp -2.73 -0.02 5519 Cwt Limited .0.73 -0.01 677 Ezra Hldgs 4*2 0.06 268 Freight Unks .0.10 0.01 9421 Grand Banks 0.89 -0.02 9 Java Hold Ltd 1.46 -0.01 168 K1282 words
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Article, Illustration525 2007-01-23 21 AP [ROME] A damaged and listing cargo ship spilled fuel and cargo containers into stormy seas off the southwest coast of England, near Devon, British officials said on Sunday night. Some of the containers hold hazardous materials. An estimated 150 to 200 containersAP; AFP - 525 words
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Article460 2007-01-23 21 AFP [KUALA LUMPUR] Piracy attacks are falling worldwide but hotspots remain, including in Somalia where the removal of the Islamic government set back efforts to curb the problem, a watchdog said yesterday. The International Maritime Bureau (1MB) said in its 2006 report that piracy attacks fellAFP - 460 words
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Page 21 Advertisements
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Advertisement8 2007-01-23 21 M lhHpp|K|j|jA World's Finest ?®|tl Virtual Office. CT8 words
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EDITORIAL & OPINION
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Article489 2007-01-23 22 EDITORIAL A FAMILIAR accusatory tone over Singapore investment company Temasek Holdings's interest in telecoms companies in the region has surfaced again. Last week, Thai army chief Sonthi Boonyaratglin told high school students that Thai military secrets were at risk of being compromised because of last year's takeover489 words
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Article, Illustration1149 2007-01-23 22 TIGER TONG - From 2004 to 2006, it has seen US$2OO billion in annual increments to its foreign reserves By TIGER TONG ON JAN 15 last year, at the bottom of an announcement released by People's Bank of China (PBOC), China's central bank, it was officially statedAFP; Source: SAFE - 1,149 words
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Article, Illustration811 2007-01-23 22 ANDY MUKHERJEE - THE BOTTOM LINE ANDY MUKHERJEE Bloomberg THIS is evident in the conspicuous absence of any Indian lender from what may be the country's deal of the year: the contest to buy the stake of Hong Kong tycoon Li Ka-shing in a Mumbai-basedBloomberg - 811 words
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Article, Illustration1313 2007-01-23 23 CONRAD TAN - Are these really the rolling good, times People are dining out, shopping and spending, a property boom is shaping up and the STI is at an all-time high but economists are still waiting for concrete signs of growth CONRAD TAN Reporter IT'S almost the best of times in Singapore. WeAFP - 1,313 words
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942 2007-01-23 23 WALTER HAMILTON - By WALTER HAMILTON LAT AS STOCKS soared in the *****, countless Wall Street wannabes became "day traders", quitting their jobs and making their living by trading stocks at a furious pace. When the boom ended, so did the day tradingLAT - 942 words
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19 2007-01-23 23 LETTERS TO THE EDITOR IN the letter "Balance use of funds, MOE"19 words
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Article308 2007-01-23 23 Tan Lye Huat - Tan Lye Huat CEO, HIM Governance MANY will agree with Wong Wei Kong's suggestion that voting by a show of hands needs to be replaced with a poll ("Make all companies adopt voting by poll", BT, Jan 19), and rightly so. Voting by a show of308 words
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128 2007-01-23 23 Lo Tak Wah - Lo Tak Wah Director (Retirement Investment) Central Provident Fund Board WE refer to the letter, "Inform CPFSA holders of change individually" (BT, Jan 19). Fixed deposits (FDs) under the CPF Investment Scheme-Special Account (CPFIS-SA) will be distributed to the estate of the deceased instead128 words
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Article10948 2007-01-23 24 SGX MAINBOARD Transaction date: Jan 22 52 WV Td Last Vol Day Last Quote Mv GrYld N«t MCap High Low Code Company Salt *1- ('000) High Low Buyer Sdfcf Cw W hi 3.5 1 5716 1st Software 2 susp 81 11.5 6 3148 8Telecom 10.5 +0.5 3017 10.510,948 words
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Page 24 Advertisements
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Advertisement49 2007-01-23 24 j-l -y. J-. /C Itti tf> ra* r> n* JL>) 11 M» ,< ...j ifßae VtUfii 4U70 QepOSn (O X iwVdTBQw) Oil 9VHNII STOCKS Go long or short Competitive financing ratM in il mvtarti A A nnnnn #i<H- A»lam §lO IS*«MMk Access to Asian, m>, euro stocks Comostitiv* Commliisinn charass49 words
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Article6133 2007-01-23 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local CUfr In Si In UM dy yr dy yr dy Vyr Jan H index Chang* Change Chanqa Chang* Chariq* Changa The World Irate* Preliminary 1113.6 0.3 14.9 03 9.7 0.3 18.7 I EAft Preliminary 1125.3 0.4 15.6 0.4 14.7 0.4 24.06,133 words
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Page 26 Advertisements
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Advertisement1547 2007-01-23 26 UK COMTINEWT SERVICE U.S.A SERVICE Destination Destination STXPOTBN RDM/ATW/BMN/TLB/NAN XU CHANG HAI LAX/VCW/MZL MARY H CAM/NFK/NOL/SAV Loads Singopore, E./W. Malaysia, Indonesia E /y/ |ndonesja 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 STXPOTBN INC/BSN PAN VOYAGER JDH/DMT/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER1,547 words
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Advertisement432 2007-01-23 26 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com Vissa VOY Ug ~HtIOHT SM IK MAO SAV »Al Off TARONGA AF7OS 3201 MS 6.25 M 07/02 03/03 12/03 17/03 22/03 20/03 TAMISIS AF7M ***** m t.4M IS/02 12/03 21/03 2S/03 29/03 27/03 TAMPA A 1707 4201 MS 6.0> 21/02 23/03 01/04 05/04 10/04432 words
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Page 27 Advertisements
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Advertisement806 2007-01-23 27 WAN HAI INTERNATIONAL PTE LTD NO: **********0/R W\WAN HAI LINES iL. —A PKI TH: (03) 3346M5S MX: (03) *****218 POI 1H: (04) *****00 fiUL (04)*****99 JOHIH: (07) 751*923 MX: <07)251*921 SW IB: (031) 32*5475 Ml (031) 32*2714/ 32*1305 www.wanhai.com.sg *I TH; (021) *****8S MX: (021) *****8S nM 1H: 71UW/71AM1 MX:806 words
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Advertisement1278 2007-01-23 27 KgMjflflHH IVfSSEI VOY PKI SIN KARACHI I PXB I BAB PMM BIK KHOR IRAN BAABAEI PCL IIS6 27/01 26/01 06/02 09/02 10/02 16/02 16/02 20/02 IRAN SATTARI PCL »117 09/02 10/02 19/02 22/02 23/02 01/03 03/03 05/03 IIRANSHAHRYAR PCL «1M 15/02 16/02 25/02 26/02 01/03 07/03 09/03 11/03 ["SSti VOY1,278 words
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Advertisement676 2007-01-23 27 |@> £*<sas& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS wssa wr sin I p klawg colomio «smya Colombo mwm mil 23JAW 24JAW 27JAW 30 JAW 03 FH ssa* 22JAN 31 JAW 03 Fit MFB lOFB lourawm mm 06fb 07 fb iofb 13 fb 17676 words
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THE BUSINESS TIMES Shipping times
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4831 2007-01-23 28 ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number To ABU DHABI (AUH) 2004 U. A. Emirates 30/01 13/02 SCI EMIRATES KABIR 703W *****355 05/02 19/02 SCI EMIRATES WASl 704W *****355 To ADELAIDE (ADL) 2007 Australia 04/02 23/02 China Shpg KAMAKURA4,831 words
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PROPERTY
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Article, Illustration762 2007-01-23 29 OUR CORRESPONDENT - Recent bombings and regulatory changes are affecting sentiment By OUR CORRESPONDENT in Bangkok THE once bustling property market in Thailand is gradually showing signs of slowing down as various negative events in the country is starting to take a toll on the industry,AFP - 762 words
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Article, Illustration454 2007-01-23 29 ARTHUR SIM - By ARTHUR SIM THE Sea Breeze apartments on Joo Chiat Road have been sold for $53.76 million, which marketing consultant Jones Lang LaSalle (JLL) believes to be the highest price yet achieved in the area. At the transacted price, the 56,376 sq ft site,454 words
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Article, Illustration652 2007-01-23 30 KALPANA RASHIWALA - Option decision brought forward given impending hike in DC rates By KALPANA RASHIWALA THE consortium that bid for the Business and Financial Centre (BFC) site in Marina Bay and which is now developing the site's first phase is reviewing whether to exercise itsFILE PHOTO - 652 words
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Page 29 Advertisements
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Advertisement207 2007-01-23 29 —I "P* ft —coothome T District 10, Lewis Road Orchid uSf Institution Si Land 20,662 sf SLI,OII sf Club gf 7 cSSJU Freehold, GPR 1.6,12 storeys Spore Z GUls'Sch K (\s\ SCGS, ACS SJI Potential for 22 units x 1,500 sf apts te/suiSct Site g Closing on 14 Feb '07207 words
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Advertisement327 2007-01-23 29 Corporate Image Warehouse with Ancillary Office FOR SALE 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 RCS N» IW ***** ft For Lease B Office: 648 to 6232 softie Shop: 258 to327 words
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Page 30 Advertisements
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Advertisement100 2007-01-23 30 Merchante 1 m H II V 37 MACTAGGART ROAD 7-storey detached factory a "*T Freehold Land area: approx. 1,525.3 sq m Gross floor area: approx. 3,902 sq m |19| F R SALE BY TENDER Closing: 15 March 2007, Thursday at 3pm HCBNo m»ons» lEE Debenham Tie Leung m tin nifii100 words
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Advertisement415 2007-01-23 30 FREEHOLD RESIDENTIAL SITE THOMSON ROAD (DIST.II) CONCORDE RESIDENCES FOR SALE BY TENDER m —7"l Ste area: 34,002.57 sf •Tenure: Freehold Plot ratio: 2.8 (if) to max 36 storeys) No DC payable for subject site Few mins walk to Novena MRT Few mins drive to Orchard Road Opportunity to acquire 2415 words
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