The Business Times, 24 January 2007

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Microfilm: NL27140
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    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 24,2007
    20 words
  • Article, Illustration
    Lock icon MICE players shift gears to lure visitors
    892 1  -  Industry here set to get major boost when IRs open in 2010; STB aims to raise sector's contribution to tourist arrivals to 35% or $10.5b by 2015 By ARTHUR SIM and UMA SHANKARI [SINGAPORE] The target date to attract 17 million visitors to
    892 words
  • Article
    Lock icon MARKETS DIGEST
    46 1 STI 3,132.90 (-12.30) ST INDEX FUTURES 3,133.00 (-12.00) SIMSCI 381.72 (-1.55) SIMSCI FUTURES 381.60 (-1.60) PRIME RATES SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 16.670 TAIWAN 5.896 JAPAN 1.625 KOREA 9.33 BRITAIN 5,25 US 8.25 CANADA 6.00 SWITZERLAND 3.69 INDIA 11.50 Source: Bloomberg
    46 words
  • Article
    Lock icon Tiger Airways ready for IPO take-off by year-end
    667 1  -  Many other budget carriers also headed for public listing By VEN SREENIVASAN [SINGAPORE] Tiger Airways will be ready for an initial public offering of shares by the end of the year, chief executive Tony Davis said yesterday. The Singapore budget airline joins
    667 words
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      198 1 Resolutions passed; Michael PL* Wong Pakshong re-elected COMMENTARY Stricter disclosure for developers? PAGE 6 MOTORING ££^2^2 PROPERTY HK luxury property prices set to soar PAGE 2 Hit's not just our new cockpit that's designed I I to please the eye. a new cockpit design a third for extra comfort Best
      198 words
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      28 1 SINGAPORE BUDGET Vikram Khanna on making sense of the GST hike PAGE 21 BLACK, NEVER BROWN The sartorial secrets of the successful British banker PAGE 16 811 M
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  • TOP STORIES
    • Article, Illustration
      Lock icon Uber-rich drive HK home prices to new highs
      1028 2  -  Asian manufacturer buys house on the Peak at record HK$36,000 psf By JANE MOIR in Hong Kong WITH a prime site on the Peak recently being auctioned for a record sum, globally speaking, Hong Kong luxury housing sales look set for a
      AP  -  1,028 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      535 2 Poor governance found at Youth Challenge: inquiry THE Youth Challenge (YC) charity has been found to have poor governance in an inquiry conducted by the Commissioner of Charities (COC). The report released by the COC highlighted the lack of transparency and misleading information on the pay of YC's
      535 words
    • Article, Illustration
      Lock icon Inquiry finds poor governance at Youth Challenge
      377 4  -  Report highlights misleading info on pay of charity's executive president By JANICE HENG [SlNGAPOßE] The Youth Challenge charity has been found to have poor governance in an inquiry conducted by the Commissioner of Charities (COC). The case dates back to August 2006, when
      FILE PHOTO  -  377 words
    • Article, Illustration
      Lock icon GIC sees new investment landscape unfolding in Asia
      519 4  -  China, India 'could lead world growth in coming decades' By SIOW LI SEN {SINGAPORE] The economic and investment environment in Asia is changing at an increasingly fast pace, and the changes are more broadly based than before, a senior official of the
      519 words
    • Article
      Lock icon Runaway prices crank up supply of luxury apartments
      494 2  -  4,000 units forecast for this year, big jump from last year's 1,600 By UMA SHANKARI [SINGAPORE] The number of luxury apartments offered to buyers this year could hit 4,000 as Singapore's high-end residential market continues its bull run, property firm Colliers International
      494 words
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      219 3 y Because, more than getting ahead, true success is about maintaining your lead. t H v-»v'V'-' t HI m K| I 'if 1 wa MB li' r v H mi II i;.-* ijip 111 H B 'l_ t l Hh KHf on .'->r 'j{, .<. t s y ,\*r: sfi»§
      219 words
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      1393 4 Cats Notices S2PST PACIFIC SHIPPING TRUST (A business trust constituted on 25 April 2006 under the laws of the Republic of Singapore) Managed by PST Management Pte. Ltd. Notice of Books Closure Distribution Payment Date I NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Pacific
      1,393 words
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      605 4 In the matter of The Companies Ad, Cap. 50 And In Am matter of MACS ICE-CREAM MANUFACTURING PTE LTD (Company No. *****5248Z) (In CrodiorrVoluatary liquidation) At an Extraordinary General Moating of the members of the abovenamed Company, duty convonod and hold at 336 Smith Street #06-308 New Bridge Centre Singapore
      605 words
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      438 5 Lsfrtldrrt tulatuHLS tfc '> ifaf-4 Pr r '<• Advance SCT Limited 4».. i i .n# n^i flfe W<-. ss ,t-? v. JT-i t Vi v -J4 *4 i -w.*| ,< adifitifiee V WO limited On the Ground Breaking Ceremony of Singapore Copper Technologies Pte Ltd On 24th January 2007 ,-.v
      438 words
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  • COMPANY NEWS
    • Article
      Lock icon Improper disclosure of property material info?
      761 6  -  HOCK LOCK SIEW By WONG WEI KONG THE property market is hot, and scarcely a day passes without news of developers making bullish forecasts about their projects. That's hardly surprising because businessmen are expected to capitalise on positive market conditions. It has, however, created
      761 words
    • Article
      Lock icon SingTel sells cable firm stake for US$55m
      411 6  -  Sale to Bharti gives latter full control of India-S'pore link By SIOW LI SEN SINGAPORE Telecommunications will sell an undersea cable stake to partner and associate Bharti Airtel for US$55 million as it optimises its network infrastructure assets. Sing Tel said in a
      411 words
    • Article, Illustration
      Lock icon ST Aerospace bags US$160m deal from Xiamen Airlines
      300 6 SINGAPORE Technologies hao won <ffact worth about US$l6O Jjtillion to provide engine Maintenance services to Xiamen Airhnes' fleet of 11 Joeing new-generation aircraft. Under the Maintenance(MBH) contact, ST Aero, through subsidiary ST Aerospace En«snes, will service Xiamen's J&2 CFMS6-7822 engines up to
      ARTHUR LEE  -  300 words
    • Article
      Lock icon WBL shareholders pass resolutions
      171 6 WBL Corporation yesterday held its annual general meeting (AGM), which saw all resolutions passed and the re-appointment of its directors, including Michael Wong Pakshong. Mr Wong will continue to serve as an independent, non-executive director until the next AGM. However, WBL said another director, Ibrahim bin
      171 words
    • Article, Illustration
      Lock icon Bharti Airtel's Q3 profit more than doubles
      245 6 AFP [MUMBAI] India's largest private phone company, Bharti Airtel, posted yesterday a third-quarter net profit surge, which more than doubled and was above analyst forecasts as demand for telecom services rose. The company said net profit was up to 12.15 billion rupees (*****.5
      AFP; BLOOMBERG  -  245 words
    • Article
      Lock icon M1 helps boost KT&T's earnings 11%
      272 7  -  By SIOW LI SEN KEPPEL Telecommunications and Transportation (KT&T) yesterday posted a full-year 2006 net profit increase of 11 per cent to $43.3 million mainly on higher share of profits from telco associate Mobile One. KT&T, a unit of Keppel Corp, proposed a first
      272 words
    • Article, Illustration
      Lock icon Tiong Woon to set up base in Saudi Arabia
      487 7  -  Crane specialist will use $20m base as a launch pad to the booming Mid-east By RONNIE LIM MAINBOARD-LISTED crane specialist Tiong Woon which is moving into fabrication of oil and gas equipment is also setting its sights on the booming Middle
      487 words
    • Article
      Lock icon PST payout beats forecast again
      432 7  -  By CONRAD RAJ PACIFIC Shipping Trust (PST), the island's first pub-licly-listed business trust, has once again beaten its prospectus forecast for fourth-quarter earnings and income distribution to unit-holders. The manager of the trust, PST Management, yesterday announced that unit-holders will receive 1.04 US cents per
      432 words
    • Article, Illustration
      Lock icon SGX responds to MAS over price surge
      152 7 The Singapore Exchange (SGX) yesterday responded to a Monetary Authority of Singapore query regarding a substantial rise in the SGX's shares between Jan 17 and Jan 22, saying that it is not aware of any unannounced information which could account for the price
      Source: Bloomberg  -  152 words
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      98 6 Diners Club Card ro W M ca»64i6 0980 World of Exclusive Privileges Treats Diners Club "HHHHF wwuxJmers.com.sg W International mi Kim Choo Kueh Zhang Tong Shui Cafe S 109/111 East Coast Road, Tel: 6440 5590 1 Liang Seah Street #01-05/06 *417 River Valley Road 54 Zion Road 4 10% off
      98 words
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      82 7 t Awv\ k msfte mmW M*. i\ m v *W jplH IfflWMte, Vg«, Vk S< w|» Li/1 I J2m\±L \MmT' Hi "^ir*! [^K3RA|>^ IP IHk: fl 1. r r't ftrn aU 1 'Hf _9fck. m <' /OiiL' Oil, chutney, green curry, chilli paste, h H?r .*7 r ■IT B H
      82 words
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      52 7 A group of Japanese investors is interested to buy a whole project/building in any of the following categories: > Residential > Office > Retail > Hotel For Central Location: Investment amount is over Ssloom TRE 21 PTE LTD iIM TOKIO PROPERTY SERVICES Uzj PTE LTD Pis contact: Mr Takano 9670
      52 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Die-hard carry trade players stand tall again
      951 8  -  CURRENCIES Yen stumbles badly; record shorts reflect successful yield plays LARRY WEE Senior Correspondent BASED only on how the US dollar has acquitted itself on an indexed basis, it appeared to have made steady, if modest, gains this past week. But that's only
      951 words
    • Article, Illustration
      Lock icon Untitled
      901 8 SECURITIES TRADING SCOREBOARD < MAIN SDQ TOT At Up Down IMch Up Down Undi Up Dow Umh Multi Ind 7 7 3 0 1 0 7 8 3 Manufacturing 57 101 56 11 21 16 68 122 72 Commerce 25 31 26 10 4 6 35 35 32 ]£V5tortComms 10
      901 words
    • Article
      Lock icon BROKERS' TAKE
      858 8  -  Compiled by UMA SHANKARI City Developments Jan 23 dose: $15.30 ÜBS INVESTMENT RESEARCH. Jan 19 RESIDENTIAL market has highest potential to surprise: Overall residential prices in Singapore rose 10 per cent in 2006, but the increase was focused mostly in high-end segments. We expect the recovery to broaden
      858 words
    • Article, Illustration
      Lock icon Wall St halts STI's upward momentum
      514 8  -  STOCKS R SIVANITHY Senior Correspondent A HANDFUL of China stocks. Star Cruises, and real estate investment trusts (Reits) were the hot plays in yesterday's session, during which the Straits Times Index's (STI) upward momentum was halted because of Wall Street's Monday slide.' The index's
      514 words
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  • COMPANY NEWS
    • Article
      Lock icon MMP Reit posts Q4 income of $14m
      460 9  -  Outperformance attributed to higher rental income from its two buildings By KALPANA RASHIWALA MACQUARIE ME AG Prime (MMP) Reit, which owns about 74 per cent of Wisma Atria and 27 per cent of Ngee Ann City, yesterday posted distributable income of nearly $14
      460 words
    • Article, Illustration
      Lock icon Lion Capital seeks China partner
      288 9 Reuters SINGAPORE-BASED fund manager Lion Capital Management Ltd is in early talks to find a local partner in China as it looks to expand its fund management business beyond its home base. "In China, we're looking for a local partner," Lion's CEO Daniel Chan said
      Reuters; FILE PHOTO  -  288 words
    • Article
      Lock icon Yanlord sees 40% rise in FYO6 net
      170 9  -  By JUDITH JACOB CHINA-BASED Yanlord Land Group is expecting a two-fifth rise in net profit to about $170 million for the full year ended Dec 31, 2006. Basing its projections on preliminary figures, it said yesterday that it estimated full-year earnings at $168.5
      170 words
    • Article
      Lock icon SC Global to set near record prices for marQ
      193 9 Bloomberg SC GLOBAL Development Ltd, a builder of luxury apartments in Singapore, plans to price homes at its downtown project at "north of $3,000 per square foot", chief executive Simon Cheong said. The twin-tower development, called the marQ on Paterson Hill,
      Bloomberg  -  193 words
    • Article
      Lock icon COMPANY BRIEFS
      342 9 STATS ChipPAC names non-exec director STATS ChipPAC has appointed Tokumasa Yasui as a non-executive director. Mr Yasui is currently special adviser to the president of Renesas Solutions Corp, a joint venture between Hitachi Ltd and Mitsubishi Ltd. Vita unit to defend further claims VITA Holdings said it had
      342 words
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      883 9 lUli.l.lJlT&T I Keppel Telecommunications Transportation Ltd I Co Reg No: *****0115G B (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2006 I The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results B of the Group for the year ended 31
      883 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Aiming to make life easier for SMEs
      415 10  -  By VINCENT WEE A PARTNERSHIP announced yesterday between the Pro-Enterprise Panel (PEP), the Singapore Business Federation and three Enterprise Development Centres linked to small and medium-size enterprises (SMEs) will cast the net wider for feedback to help reduce red tape and other regulatory
      ARTHUR LEE  -  415 words
    • Article
      Lock icon CPI climbs to five-month high in December
      209 10 Bloomberg SINGAPORE'S inflation rate rose to a five-month high in December as increased housing and food prices offset a drop in transportation costs. The consumer price index rose 0.8 per cent from a year earlier, after gaining 0.5 per cent in November, the
      Bloomberg  -  209 words
    • Article
      Lock icon Construction demand could hit $19b in '07 on property boom
      644 10  -  Contractors urged to seek alternative building methods to curb rising costs By UMA SHANKARI CONSTRUCTION demand could hit its highest level in a decade, but the authorities have urged contractors and developers to step up the use of alternative methods
      644 words
    • Article
      Lock icon Mapletree fund completes first closing
      237 10  -  By KALPANA RASHIWALA TEMASEK Holdings subsidiary Mapletree Investments said yesterday its private real estate fund the Mapletree Industrial Fund (MIF) has completed its first closing at US$3lO million. Bahrain-based Ahli United Bank's AUB Pan Asian Industrial Fund is a cornerstone investor with US$ 186 million
      237 words
    • Article
      Lock icon Commissioner to get more powers
      464 10  -  SPOTLIGHT ON CHARITIES Bill also proposes that charity council be set up By CHUANG PECK MING THE Commissioner of Charities will have expanded powers, including the right to sack trustees and staff of a charity, prohibit or stop public fund-raising and to close down a
      464 words
    • Article
      Lock icon Durai accepts notice about third party
      333 10  -  By MICHELLE QUAH FORMER National Kidney Foundation (NKF) chief T T Durai has accepted a notice to be named as a third party in a civil suit involving other former NKF officers that is now being heard in the High Court. Mr Durai's acceptance
      333 words
    • Article
      Lock icon SINGAPORE ROUNDUP
      336 10 LTA permitted to market its services abroad now PARLIAMENT has given the green light for the Land Transport Authority to market its services abroad, either as consultant or investor. LTA set up to regulate land transportation needs such as cars, subways and buses is limited by law to
      336 words
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  • ECONOMY WATCH
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      58 11 Asia One Business focus: I I small, H retailers businesses from scratch from tyU* to trev» V— 1 Plus, 15 questions and 5 tips on how to start your first food business. Look out for this fortnightly series IF. on Asia One Business every other I iV^ Wednesday, starting from
      58 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M'sia expects 500,000 Japanese tourists in '07
      10 12 AP (Kuala Lumpur)
      AP  -  10 words
    • Article, Illustration
      Lock icon Plantation stocks look overvalued: analyst
      486 12  -  Falling crude oil prices take away case for bio-diesels, says top analyst By S JAYASANKARAN in Kuala Lumpur ARE Malaysian plantation stocks overvalued? Most analysts would say no. Plantation stocks have been the darlings of the Kuala Lumpur stock exchange for the past 18 months
      486 words
    • Article
      Lock icon BURSA MALAYSIA
      2352 12 VOl GamudaBhd 600 025 ***** Magna Prima Bhd 125 -0.01 73 OwtrarxJsBhd )K *02 7 8M *1- row General Corpn 0.80 -0.03 40* Magni-Tech Indus 041 *02 137 Rashld Huaa-WW 0.14 O.Ol 2108 GentingBhd 36.00 0.50 2428 Magnum 40 Bhd unch unch 0 Rashld Huu»W07 0.01 urch 273
      2,352 words
    • Article
      Lock icon Star Cruises shares soar 50% on Stanley Ho deal
      426 12 Bloomberg Reuters [SINGAPORE] Malaysian leisure group Genting Bhd said yesterday it would sell a small stake in Singapore's second integrated resort to gambling mogul Stanley Ho and buy a controlling interest in a new gaming project Mr Ho plans in Macau.
      Bloomberg; Reuters  -  426 words
    • Article
      Lock icon M'sia 'very happy' with rising foreign fund inflow
      184 12 AP [KUALA LUMPUR] Malaysia is "very happy" with the inflows of foreign funds amid a strengthening of the local currency, a minister said yesterday, a day after Asian central bankers warned rising capital flows pose a major challenge. The Malaysian stock market
      AP  -  184 words
    • Article, Illustration
      Lock icon Renaissance KL Hotel may fetch RM850m if sold this year: paper
      404 12 [KUALA LUMPUR] The five-star Renaissance Kuala Lumpur Hotel may be sold for some RMBSO million (***** million) this year, according to a report in Malaysia's Business Times. The 921-room hotel is equally owned by property developer IGB Corp Bhd
      FILE PHOTO  -  404 words
    • Article
      Lock icon Govt urged to control mine licensing
      438 12 Mining companies fear lack of legal guarantee [JAKARTA] Mining companies have strongly urged the government to drop a provision from the proposed mining law that would allow local administrations to issue mining licenses. the Jakarta Post reported. The newspaper said the companies also called
      438 words
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  • GREATER CHINA
    • Article
      Lock icon Investment growth slows: Beijing
      534 13 It fears spending may surge again in 2007 as economy is awash with cash Reuters [BEIJING] China's fixedasset investment growth slowed modestly in 2006 but there is a serious risk it could pick up again because the economy is awash with cash, a senior planning official
      Reuters  -  534 words
    • Article
      Lock icon Industrial Bank's Shanghai IPO to raise 16b yuan: report
      412 13 [SHANGHAI] Industrial Bank, in which Hang Seng Bank has a minority stake, said its Shanghai initial public offering would raise up to 16 billion yuan (553.2 billion), the low end of its indicative range, at a time when mainland regulators are
      412 words
    • Article, Illustration
      Lock icon Macau gaming revenue overtakes Vegas
      252 13 Bloomberg [HONG KONG] Macau's gaming regulator said revenue surged 22 per cent in 2006, surpassing the Las Vegas Strip as the world's biggest gambling market, according to analysts who cover the industry. Last year, Macau's gambling industry reaped 55.9 billion patacas (U556.95 billion) in revenue,
      Bloomberg; FILE PHOTO  -  252 words
    • Article
      Lock icon China funds realised 124.8b yuan net gain
      160 13 Reuters [SHANGHAI] China's mutual funds realised a net gain of 124.8 billion yuan (5524.7 billion) on their assets in 2006 thanks to the country's stock boom, the Shanghai Securities News newspaper reported on Monday. In the fourth quarter alone, the country's 278 funds,
      Reuters  -  160 words
    • Article
      Lock icon China confirms test of satellite weapon
      8 13 AFP China
      AFP  -  8 words
    • Article
      Lock icon China may favour US bonds to diversify: analyst
      198 13 Bloomberg [BEIJING] China, diversifying its US$l.O7 trillion in currency reserves, may favour US bonds as they can easily be sold should the central bank need to defend the yuan, a former central bank researcher said. The People's Bank of China needs to
      Bloomberg  -  198 words
    • Article
      Lock icon Land use control tightened
      6 13 Reuters (Beijing)
      Reuters  -  6 words
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      1181 13 Cats Notices IN THE MATTER OF COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TAN MENO KOW INVESTMENT PTE LTD CO. REO. NO: *****7644W (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final
      1,181 words
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  • INDIA
    • Article
      Lock icon India puts brakes on fresh SEZ approvals
      375 14 Export obligations of 30-50% on units within SEZs also proposed [NEW DELHI] Even as the Finance Ministry yesterday proposed to impose export obligations on industrial units located within special economic zones (SEZs), the government has put the brakes on fresh approval and notification
      375 words
    • Article, Illustration
      Lock icon FACE TO WATCH
      88 14 [BANGALORE] President and chief executive officer of Citizen Watch Company Limited. Makoto Umehara, addresses a press conference in the backdrop of a poster of the company's brand ambassador Bollywood actress Kareena Kapoor, here on Monday. Citizen, the Japanese watch manufacturer, announced the company's expansion plans in India.
      AFP  -  88 words
    • Article
      Lock icon Russia seeks Indian investment in Sakhalin-3
      235 14 Indian capital also wanted in Siberia's Vankor field: report Reuters [MOSCOW] Russia wants Indian companies to invest in its Sakhalin-3 oil and gas deposits, Russia's Itar-Tass news agency quoted Defence Minister Sergei Ivanov as saying on a visit to India on Monday. Moscow is
      Reuters  -  235 words
    • Article
      Lock icon India's top brains now prefer to stay at home
      488 14  -  By SIDDHARTH SRIVASTAVA in New Delhi THE Indian brain drain is slowing to a trickle, a sure indication of the challenges and opportunities now present within the country. A few decades ago, 80 per cent of the graduates of the highly
      488 words
    • Article
      Lock icon CBOT may enter India's commodities market
      143 14 Reuters [NEW DELHI] US-based Chicago Board of Trade (CBOT) plans to enter India's booming commodity derivatives market as it believes the country will soon ease rules governing trading and foreign investment, a board official said on Monday. "Easing of rules is just a matter
      Reuters  -  143 words
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      183 14 y 35,000 nautical miles. 12 cities. 10 months. The Clipper Round the Vforld Yacht Race presents a brave new world tx> those with the dare and tenacity to take up the challenge of cross-ocean sailing. Last year, some 30 Singaporeans rose to the occasion and did us proud. Hailing from
      183 words
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      68 14 cT SINGAPORE %r 1 lerdwareSSwri? PRICE GUIDES the clutter NOW. www.hardwarezone.com® handy Mobile-Phone Price Guide is all you need. With a click of your mouse, even details like Operator Contracts and Phone Plans will be at your fingertips. So log in now for the best Mobile-Phone Prices! |«nd -No SGDIMbMO
      68 words
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      26 14 The Morning Show with Petrina Joe e 3 I rmroßTroff Radio 91.3 is managed by i> SPH Unionworks, a subsidiary Of 9tD Singapore Press Holdings 0
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  • MIDDLE EAST
    • Article
      Lock icon US will need Mid-East oil for 'years to come': Saudi
      174 15 Reuters [WASHINGTON] On the eve of US President George W Bush's address to Congress which is expected to tout the need for more US energy independence, Saudi Arabia's US ambassador on Monday said that the world's biggest oil user will
      Reuters  -  174 words
    • Article
      Lock icon Dubai World launches agency to develop, run trade zones
      492 15  -  Economic Zones World will have a US$8b budget to expand global ops By CLARENCE MICHAEL in Dubai RIDING on the success of the Jebel Ali Free Zone concept and other free zone clusters, governmentowned Dubai World has launched Economic Zones World
      492 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      2721 15 UNIT TRUSTS FUNDS AB tmn miam BT USD Jit OWS Mow Am Pac Eq Q A USD V fhM 3M MMMaM (S'pani Uwu—I" (DKM 5GAMAT Me»trancn»E*" *****71 mdCapPtofd 5®»3U5£i 0 95*!, QnbdCi til *****91 'K Afl Ame. interne A USD 121, lt fi«Sl» lOOGft/" Z_ I WW mHwwWw I DOT
      2,721 words
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      21 15 KHIH^B^KSHBhh ANAUSPICIOUSPOO L wm -.Bry OF investments. DEFINITELY SOMETHING TO I Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS a
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Clothes maketh the man for British bankers
      490 16 Details not noticeable to most are crucial for sending the right signals Reuters [LONDON] The sartorial secrets of a "rainmaker" in London's financial markets are subtle, expensive and still mostly a male preserve. "Rainmakers" are the most successful corporate financiers in the City
      Reuters; AFP  -  490 words
    • Article, Illustration
      Lock icon Vietnam stock market due for correction: analysts
      253 16 Reuters [HANOI] Vietnam's roaring stock market is overvalued and due for a correction, analysts said yesterday. They also said securities laws in the one-party, com-munist-ruled country need more clarity. Analysts told a two-day capital markets conference in Hanoi that intense speculation by foreign
      Reuters  -  253 words
    • Article
      Lock icon Thailand to remove excise tax on phones
      487 16 Cabinet rules that they are no longer luxury items By OUR CORRESPONDENT in Bangkok THAILAND'S phone companies are to be freed from telecoms excise tax after the Cabinet of Prime Minister Surayud Chulanont yesterday announced that phones, fixed or mobile, are no longer
      487 words
    • Article
      Lock icon Nasdaq slams LSE for not talking
      356 16 Bloomberg Reuters [LONDON] With just three days for its offer for the London Stock Exchange (LSE) to expire. US stock market group Nasdaq criticised the LSE yesterday for refusing to discuss the prospect of an agreed takeover deal, and said its hostile bid for
      Bloomberg; Reuters  -  356 words
    • Article, Illustration
      Lock icon Gap's chief executive forced to step down by board
      359 16 NYT [NEW YORK] For the last two weeks, the son of Gap's founders and the board's chairman, Robert J Fisher, conducted a series of secret conference calls with fellow directors. The topic: whether to fire Gap's embattled chief executive, Paul S
      NYT  -  359 words
    • WORLD WATCH
    • Article
      Lock icon Pfizer to shave 7,800 jobs, shut down plants, research sites
      551 16 Global workforce cut by 10%, moves save up to US$2b in annual expenses AP NYT [NEW YORK] Pfizer said on Monday that it would cut 7,800 workers, close several manufacturing and research sites and overhaul its business practices in the
      AP; NYT  -  551 words
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  • MOTORING
    • Article, Illustration
      Lock icon Audi sales continue to race ahead
      609 17  -  German marque beat rivals in S'pore last year with 21% jump in sales By SAMUEL EE IN LINE with its worldwide performance, Audi was the fastest-growing brand in the luxury-car segment in Singapore too last year, with sales up 21 per cent to 651
      609 words
    • Article, Illustration
      Lock icon Parallel importers push Honda to No 2 brand in 2006
      515 17  -  By SAMUEL EE AGGRESSIVE marketing tactics by parallel importers (PI) helped to boost total Honda sales last year and actually made it Singapore's second most popular brand instead of Nissan. Among members of the Motor Traders Association of Singapore (MTA),
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      48 17 sJo»ttsL'■ WMBBW a eii^affiafißHHHQS ImniHw w. s I M 1 1 >>#HHH :'W jKßMttHft v ■.9 ''I^mBMBBBB flr .MSt W «9 i v.£I^^^iiiMMNUN^HHHHHIfIB c# w A J|A Singapore AN E-MARKETPLACE BROUGHT TO YOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL 1800-289 9988 (OFFICE HOURS). Press Holdings
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  • SHIPPING
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      Lock icon Fleet growth at current pace 'can't continue indefinitely'
      652 18  -  Industry will be hit if trade with China, India slows down, says ex-ICS chief By GEORGE JOSEPH [SINGAPORE] A global shipping industry veteran has warned that fleet growth cannot go on indefinitely at the pace seen in the last few years, and
      652 words
    • Article
      Lock icon Shanghai Port posts 2.95b yuan profit
      346 18 Bloomberg [SHANGHAI] Shanghai International Port (Group) Co, operator of China's busiest container port, said it made a profit of 2.95 billion yuan (SssB4 million) last year, as the country's rising trade boosted sea cargo demand. The company's 2006 sales totalled 12.6 billion yuan and
      Bloomberg  -  346 words
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      Lock icon NOL to upgrade Vietnam container terminal
      8 18 Reuters (Singapore)
      Reuters  -  8 words
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      Lock icon S'pore hosts ARF security shore exercise
      237 18  -  By DONALD URQUHART [SINGAPORE] Changi Naval Base yesterday hosted the first ever Asean Regional Forum (ARF) Maritime Security Shore Exercise, bringing together countries that make up the 26-mem-ber organisation. The multilateral shore exercise was designed to promote interoperability and familiarity amongst the various agencies
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      Lock icon Kidnappers seize 24 Filipino sailors in Niger Delta
      284 18 Main rebel group denies involvement in the abduction Bloomberg [MANILA] Nigerian kidnappers seized all 24 Filipino crewmen on board a vessel owned by Seereederei Ba-co-Liner GmbH in the Niger Delta on Saturday, the Philippine Foreign Affairs Ministry said. Seventeen hostages were taken
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    • Article
      Lock icon TRANSPORT STOCKS
      265 18 sax ooo una aw- »oi 0>0ft»hcr* .04* -001 1232 Owvi Hup Hldgi 0.33 -001 1057 COKOCatp...... 171 002 7016 OwtUmKad 4.74 ftOI <33 txra Hldgn 492 urxti 128 fcwghtUrto 0.09 OOi 3132 Grand 9anki .0.98 -Oi>1 1 Java HoM ltd 1.46 i#*»> 237 KlVantknt .0.34 -0 01 *****
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      Lock icon Out of trouble's way: a week in the life of a salvage tug
      940 18  -  STRAIT TALK By DAVID HUGHES LOOKING up from a stationary vessel to see the world's largest container ship bearing down at about three miles was just one of several memorable images of a few days last week
      940 words
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      34 18 l |gßKs& i ■MB mm I yi y fr<r v j 2X7* *U MU S i&«£» '<& 10 Anson Road #25-02, International Plaza, Singapore *****3 Tel: +65 6225 0555, Fax: +65 6225 0550, Email: lnfo@klrlbashlp.com
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  • AVIATION
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      Lock icon Qantas set to invest in an Asian airline
      443 19  -  LCC CONFERENCE It may be a low-cost carrier that could later be brought into Jetstar fold By VEN SREENIVASAN [SINGAPORE] Qantas will in the next few months announce a substantial investment in an existing airline in the Asia-Pacific region and it is
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      Lock icon Travel growth in Asia will fuel budget carriers: minister
      504 19  -  Fragmented land mass, dispersed population centres favour air travel By VEN SREENIVASAN [SINGAPORE] Although income levels in Asia were lower than in the US and Europe, the sheer pace of economic development and the growing propensity to travel among its huge
      504 words
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      Lock icon Runway cracks may close new airport in Bangkok
      10 19 AFP (Bangkok)
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      Lock icon Jetstar to launch this year Sydney-Kuala Lumpur service
      383 19  -  By VEN SREENIVASAN [SINGAPORE] Australia's Jetstar will start its 11th long-haul service between Sydney and Kuala Lumpur this year. And no sooner had Jetstar's chief executive Alan Joyce announced the service, tickets for return flights were already selling on the airline's website
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2287 19 cmr hicmt ha hjsmt hp A*Dh»M SQ4ft 1300 MM LH9771 1740 LH9770 2350 S0268 1740 SQ269 2350 Ahmadlbad SQ5?1 0745 Aawtardain L***** 0645 KL838 2315 SO323 0645 L***** 2345 *1837 1605 yj 3?4 2345 Auckland EK433 0130 SQ281 0850 UL2433 0130 NZ4385 2100 SQ282 0630 5Q285
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  • Page 19 Miscellaneous
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      168 19 CRYPTIC CROSSWORD 2 Friend tucked in, showing rel- 15 Demanding porridge and fish YESTERDAY'S SOLUTION ish (6) Across: 1 Frozen stiff, 9 Parting 3 He's unlikely to be found out Sweet disorder in the bed present, 11 Hive, 12 Avast, 13 Wall, (4-2-4) (5,3) 16 Pleasant, 17 Studio, 19 Exmoor,
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  • EDITORIAL & OPINION
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      Lock icon Growing divergence in global interest rates?
      519 20 EDITORIAL IT used to be simpler. Where US interest rates went, others followed. But with today's large external imbalances in the US economy, such straightforward relationships can no longer be taken for granted. At the extreme, interest rates elsewhere may even be pressured in
      519 words
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      Lock icon Can India sustain its present growth rate?
      1290 20  -  Some economists say its recent spurt is cyclical and growth will slow down in a soft landing YOGI AGGARWAL LAST month, the Indian government announced that the country's gross domestic product (GDP) growth for the quarter ending September 2006 was 9.2 per cent.
      BLOOMBERG  -  1,290 words
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      Lock icon China leaves isolationist past in wake of new project
      768 20  -  THE BOTTOM LINE FRANK CHING BEIJING this month released a massive translation-cum-publishing project, Library of Chinese Classics, whereby virtually the entire corpus of Chinese literature over several thousand years is being translated first into English and then into other languages in
      768 words
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      Lock icon Making sense of the GST hike
      1722 21  -  One effect will be to raise the general price level but GST need not be regressive if the government uses the money wisely VIKRAM KHANNA Associate Editor 0 highlights of the upcoming budget on Feb 15 is likely to be an increase in the
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      Lock icon Make market data clearer
      447 21  -  LETTER TO THE EDITOR Kenice Tay (Ms) The writer is affiliated to the corporate affairs department of the Hong Leong Group. This letter is submitted in her personal capacity READING through the repQrts in The Business Times and The Straits Times on Jan 22 on the
      447 words
    • Article
      Lock icon Davos' downhill slide
      581 21  -  By DANIEL W DREZNER LAT THE World Economic Forum (WEF) begins today in Davos, Switzerland. If the meeting sounds like a collection of economists lulling each other to sleep talking about interest rates, think again. What the in-crowd simply calls "Davos" is an assemblage of business leaders,
      LAT  -  581 words
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      103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh Worth, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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      4 21 World's Finest H Office.
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  • Article
    Lock icon SINGAPORE STOCKS
    10730 22 SGX MAINBOARD Transaction date: Jan 23 H-Wk Td Last Vol Day Last Quote (Mv GrYW Mat MCap High Low Coda Company Sate COOP) High Low luy» jajjar Cvr H M W 3.5 1 5716 1st Software 2 susp 81 115 4 IIS 8Te)acom 10 -05 1820 10.5 10
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    Lock icon FINANCE & COMMODITIES
    5382 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES I* local turf In St In USS dy yr dy yr dy *yr tan 22 index Ct.arge Change Ciangr aung; Ch«ng« World index ***** -03 US -02 9.6 -03 114 1 EAFf Preliminary 1125.9 0.0 15.7 0.1 14* 0.1 HI Europe Preliminary *****
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      51 23 Phillip Futures' 24-hour Energy Commodity Desk BPYjS I H| provides you with advice on hedging techniques, superior client service m ■HPhiiiipGapttai mm For more details, visit www.phillipfutures.com.sg or call us at 6531 1509. M Your Partner In Finance Brought to you by Phillip Futures Re Lid (A member of PhillipCapital)
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      927 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination STXPOTBN RDM/ ATW/ BMN/TIB/NAN XU CHANG HAI lAX/VCW/MZL MARY H CAM/NFK/NCX/SAV loads Singapore, E./W. Malaysia. Indonesia leads E./W. Malaysia, Indonesia midole-east service mumul 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 Loods Singapore, E./W. Malaysia, Indonesia Loads E.
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      578 24 [El PONGNAMA LINE VtSSR (EVBT SUN) VOT SGP HKG lOTA NASI. NA5441 20/01 01/02 lOTA MKT A HTA474 00/jg 01/01 VESSEL (EVBT SUN) VOT SSP HRG 001) T*Y TOR NOV moluobtt ***** 20/01 01/02 os/oi 00/02 00/02 MX FORTUNE ***** 04/01 00/01 12/01 13/02 IS/02 VESS& (EVERT FtJ) VOT ISGP
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      634 24 \wmu*A*M>WKW* vtsa/vor umwn nbbhiwq m km m si jp sntMncxmssi so 4 H/oi a/oi 30/01 SnunSEXRBSI 30 4 02/0? 04/0} 01/07 11/02 13/02 ISmnSEBtBS4 I 30 I 4 02/03 04/03 00/03 11/03 13/03 vßsa'WY 1 aw 1 on stp mb. a« hh jkt|swiio| FBtt/034 SO 4J 2721/12 31-31/12 11-11/01 13-13/01
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      1526 25 WAN HAI INTERNATIONAL PTE LTD at NOt **********0/R VTTA llfAll Mil MiiPf TIL *****5 M (14LINES) FJUL*****163 \AM 1 WAN HAI I INF\ Swvic*/BookingsWtklUm■ (1800)*****200 ll wnil lim P*ll* (03)U46MOMX **********8ftWl TH: (04)224 WOOFAX.(O4t22W»W V I0MIH; (07) *****73 FAX; (********** SUt 1H: (031) JJW47S HUt (031) J2W714/*****05 UIU.U/ uifliik.i mm
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      1197 25 |-p-\ EASTERN CAR LINER, LTD jy SPECIALIZE IN RORO t HEAVY LIFT UPTO 450 TOWS MTIA-ASIA SOVia Ivorl R«p ufthf SIN TFT PU<N) PU(W) PNM JKT SU» Id MM ITU |IATANGAS| SHELLY 2-30 "m7OT 2VOI U7ST ~3670T KTOEha HTHka ~iw~a r~~?77Br~r- —m COSMIC CHALLENGER 126 30 M I 21/01 I
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      178 25 mIHBjBQM Kp I BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM STORE TO KARACHI iVtSSa I VOYAGE HA SINGAPORE ETA KARAQti UN I 1U 20-25.02.2007 30-05.03.2007 SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Road #17-07/08 Apox Toww, Singapore *****5 T*Uphon«: 6270 0977 II FactimiU: 627S 2309 T>Ux: KS ***** SEAPAC DIRECT SIN NAMPO,
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      847 25 m £>sas& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vtssti vor I sm mclahg Colombo > sheya coiomio MUBMi TPMQSI 23 JAU 24 JAM 71M 30JAM Q3 Ffg HOMAHH OOM* 30 JAM 31 JAM 03 FEE 06 FEB IQfB nourtiiwm rmm otra 07 Ft»
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      6533 26 ETA ETA Advertiser Vessel Voyage Telephone SIN Desfa Name Njme Hull till' Number sy; To ABIDJAN (ABJ) 2003 Cote D'lvoire 01/02 10/03 Del mas DELMAS KERGUELEN 708W *****344 12/02 20/03 Oelrnas VERONIQUE DELMAS 709W *****344 17/02 24/03 Mimas NALA DELMAS 710W *****344 To ABU
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      556 26 mODH I VESSEL VOY PKL SIN KARACHI DXB BAB ggg BIK KHOB IRAN BAABAEI PCL 8186 29/01 30/01 08/02 11/02 12/02 18/02 20/02 22/02 IRAN S ATTAR I PCL 8187 10/02 11/02 20/02 23/02 24/02 02/03 04/03 06/03 1 IRAN SHAHRYAR PCL 8188 16/02 [17/02 26/02 01/03 02/03 08/03 10/03
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      428 26 PACIANDA ffiTS 177fl iffrl WK MKTAM MMJI7OI JJ7ol wuhk ran nTih wi\ urwn nu H7#i W7ii BBonn was ivti rifti mn wn nm R7n ntm> iww w/ai jfitj J Himu w»s n/w 11/w ififr ffii. Sftn— -An ftr- Ufa »w am =aj=-aai—ia-hubwi wwm iiyw Ti/w wmtttA Btt wti ii/at E:£&
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      307 26 Fis4 GLORY NAVIGATION GROUpI II SINCE I*7o I OWNS OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS 1 a REGULAR WEEKLY SERVICES: m IKAOHSIUNG CHINESE PORTS, HONG KONG TO* FROM I SOUTHEAST ASIA J SMMTOCi IMF WOOM SHPFM6 (S) PTE UD
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  • executive Money
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      Lock icon The slow and steady way to wealth
      1667 28  -  Investing takes time and the patient investor knows delayed gratification will be amply rewarded in future MONEY MATTERS WONG SUI JAU IN TODAY'S materialistic society, it is very common to have a whole list of wants as we go shopping and see all
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      Lock icon Optimal property investment
      1121 28  -  Investors should consider an exposure to global property stocks that focus on the ownership model, says TODD CANTER TODD CANTER ASIA'S burgeoning real estate investment trust (Reit) markets are predicted to double their market capitalisation to over $100 billion by 2010 from $55 billion now, according to
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      163 28 The global name in CFDs CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. (65) 6390 5118 Go long or short of shares on margin, putting up a fraction of the full contract k t m Guaranteed market prices, and low commissions 24-hour dealing on
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