The Business Times, 30 January 2007
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2007-01-30
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The Business Times
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Title Section20 2007-01-30 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 Tuesday, January 30,200720 words
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781 2007-01-30 1 CHUANG PECK MING - This would top last year's bumper $8.8b which flowed in amid stiff competition By CHUANG PECK MING [SINGAPORE] Against tougher competition from the likes of China and India, Singapore last year attracted a higher-than-expected $8.8 billion of investments in plant and781 words
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Article, Illustration407 2007-01-30 1 UMA SHANKARI - By UMA SHANKARI [SINGAPORE] The government said yesterday the first big shipment of land sand from outside Indonesia has arrived as the search continues for new sources after Singapore's near neighbour announced a ban on sand exports. The Building and Construction Authority (BCA) said407 words
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Article136 2007-01-30 1 STI 3,128.91 (+41.17) ST INDEX FUTURES 3,129.00 (+41.00) SIMSCI 380.25 (+5.17) SIMSCI FUTURES 379.90 (+5.30) MARKETS Monday Change KLCOMP 1,177.53 +7.64 NIKKEI 225 17.470.46 +48.53 HANG SENG 20,236.68 -44.45 SET INDEX 653.92 -3.73 JAKARTA COMP 1,764.99 +5.79 MANILA COMP 3,177.36 +14.54 SEOUL COMP 1,363.10 -8.23 SHENZHEN B 506.75136 words
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Page 1 Advertisements
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Advertisement63 2007-01-30 1 CONFIDENCE BOOST Prince Alwaleed to invest 10b riyals in Saudi Arabia PAGE 18 PROPERTY All 273 units of SPH condo project sold in 30 hours page 4 Two-tier <; market seen t for S'pore's high-end jgj property: K Capita Land 11. Residential gg S'pore CEO PAGE 30 SC Global objects63 words
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Advertisement20 2007-01-30 1 SMALL CAPS ■MH Boutique fund joins the big league I h 1 PAGE 11 8 ASEAN TOURISM FORUM PAGE 1220 words
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Advertisement14 2007-01-30 1 SME SPOTLIGHT LOWER OIL PRICES SlA,SilkAir cut levy PAGE 5 L v a yH14 words
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TOP STORIES
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Article, Illustration538 2007-01-30 2 UMA SHANKARI - Those left out complain of unfairness, poor handling of launches By UMA SHANKARI [SINGAPORE] The strong buying at recent luxury property launches may have been welcomed by developers, but some would-be buyers and agents are unhappy at be- ing left out in the cold.538 words
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Article86 2007-01-30 2 OUR story "More women enter S'pore workforce, more men leave" last Saturday wrongly reported that the median gross monthly income of full-time employed Singaporeans has risen 2.9 per cent a year in the past decade to $2,040 as of June 2006. The income figure should have read $2,170. And,86 words
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Article719 2007-01-30 2 All 273 units of SPH condo project sold in 30 hours SINGAPORE Press Holdings has sold all 273 units at its freehold condo Sky@eleven off Thomson Road. The media group said in a statement that the four-tower luxury project was snapped up within 30 hours after its soft719 words
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Article, Illustration322 2007-01-30 4 Sky@eleven achieved average price of $975 psf, with the highest price paid at $1,200 psf [SINGAPORE] Singapore Press Holdings (SPH) has sold all 273 units at its freehold condo Sky@eleven off Thomson Road. The media group said in aHO PENG YEW/LIANHE ZAOBAO - 322 words
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698 2007-01-30 4 By OUR CORRESPONDENT in Bangkok THAILAND will welcome only "good quality" investors to the country, Commerce Minister Krirk-Krai Jirapaet said yesterday. His statement closely follows one by Thai Prime Minister Surayud Chulanont intended to reassure foreign investors on their importance to the Thai698 words
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462 2007-01-30 2 VEN SREENIVASAN - Surge in audience numbers may put back Feb 1 closure By VEN SREENIVASAN [SINGAPORE] The final curtain may not fall on the Crazy Horse Paris Cabaret tomorrow as planned. The art-form strip show at Clarke Quay was to close from Feb462 words
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Advertisement189 2007-01-30 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GOH CHEE CHIANG REALTY (PTE) LTD. Compu.T Registration No. 197M07*2C (Incorporated in Singapore) (In Members' Voluntary Liquidation! FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50 that the FINAL189 words
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COMPANY NEWS
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Article, Illustration446 2007-01-30 5 RONNIE LIM - This will enable group to bid much better for big O&G contracts overseas By RONNIE LIM INDONESIAN tycoon Kris Wiluan says he hopes to officially merge the trio of KS Energy, Aqua Terra Supply (ATS) and SSH Corp "as soon as possible"FILE PHOTO - 446 words
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464 2007-01-30 5 VEN SREENIVASAN - By VEN SREENIVASAN SINGAPORE Airlines and its regional subsidiary SilkAir have announced a cut in their fuel surcharge in response to a steady fall in fuel prices over the past four months. SIA, now the world's largest airline by market capitalisation,464 words
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Article, Illustration433 2007-01-30 5 NEPTUNE Orient Lines (NOL), which operates Asia's fourth-largest container shipping company, said its average revenue a box fell 10 per cent in the six weeks to Dec 29 from a year earlier, as more vessels entered service. The shipping line's average revenue per 40-footFILE PHOTO - 433 words
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683 2007-01-30 5 AL LABITA - HOCK LOCK SIEW By AL LABITA THE Government of Singapore Investment Corporation (GIC) caught analysts by surprise when it made a last-minute decision to call off its plan to dispose of its shares in one of the Philippines' property majors. GIC,683 words
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Article, Illustration539 2007-01-30 6 MATTHEW PHAN - Says onus on firm to meet claims it makes; firm looking to raise US$200m By MATTHEW PHAN CHEMOIL Energy's chief executive officer Robert Chandran said yesterday that he "intends to buy" more shares in the company once the "blackout" period, before it releasesFILE PHOTO - 539 words
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Article, Illustration349 2007-01-30 6 KALPANA RASHIWALA - By KALPANA RASHIWALA SUNTEC Real Estate Investment Trust has posted distributable income of about $27 million for the first quarter ended Dec 31, 2006, up 21.7 per cent from the same year-ago period. The jump was achieved on the backFILE PHOTO - 349 words
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COMPANY BRIEFS
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65 2007-01-30 6 CHINA Aviation Oil (Singapore) Corporation said yesterday it is currently evaluating various asset injection proposals from China National Aviation Fuel Holding Company (formerly China Aviation Oil Holding Co) and BP Investments Asia. As the original timeframe expected for completion of the asset injection has expired,65 words
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55 2007-01-30 6 STRATECH Systems has made a placement of 56.15 million new shares to raise net proceeds of about $3.04 million for working capital. The placement was made in two tranches, with the first on Jan 19 priced at 5.4 cents each and the second on Jan55 words
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Article29 2007-01-30 6 Bloomberg OLAM International Ltd, which supplies ingredients to companies including Nestle SA, raised $100 million selling bonds, according to data compiled by Bloomberg.Bloomberg - 29 words
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44 2007-01-30 6 FRAGRANCE Group reported a 7.91 per cent rise in net profit for the full year ended Dec 31, 2006. It attributed it to its property development and hotel operations sectors. Turnover increased 12.7 per cent to $97.74 million.44 words
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27 2007-01-30 6 MFS Technology has appointed Professor Cham Tao Soon as board chairman and a member of its nominating and remuneration committees.27 words
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38 2007-01-30 6 SUPERBOWL Holdings' wholly owned units have entered into a collective sale agreement to sell 35 units that they own in Parklane Shopping Mall in Selegis, under a proposed en bloc sale.38 words
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347 2007-01-30 6 Reuters SINGAPORE Telecommunications Ltd (Sing Tel) would have to spend at least 554.7 billion and increase its gearing if it buys Vodafone's stake in India's Bharti Airtel, analysts said yesterday. A report in Britain's Sunday Telegraph newspaper said that Vodafone had heldReuters - 347 words
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Article, Illustration390 2007-01-30 7 Revenue seen topping $100m by 2009; it may issue new shares Reuters HLN Technologies Ltd, which makes metal, rubber and plastic parts for mobile phones and printers, expects sales of nearly Ss6o million in 2007 and of over Ssloo million by 2009, due toReuters - 390 words
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383 2007-01-30 7 INNOVALUES Precision yesterday announced a 33.7 per cent growth in FY2006 net profit to $13.5 million, and proposed a one-for-one bonus issue to reward its shareholders. The company, a manufacturer of precision machined components for the automotive, office automation (OA) and hard disk drives383 words
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Article, Illustration291 2007-01-30 7 CWT LTD has made a conditional deal to buy OCWS Logistics Pte Ltd from Neptune Orient Lines (NOL) for $20 million. The move is aimed at boosting CWT's logistics and container depot businesses. Following the acquisition, CWT group's total container depot capacity willFILE PHOTO - 291 words
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Advertisement80 2007-01-30 5 "THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 2 years Total Amount Allotted SGD 1,700,000,000 Amount Allotted to Non-Competitive Applications SGD 86,903,000 Of which allotted to MAS Nil Total Amount Applied SGD 3,242,800,000 Coupon Rate 4.375% p.a. Cut-off Yield Price 3.03% p.a. and on Allotment 102.736% I Average Yield Price 2.98%80 words
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Advertisement160 2007-01-30 6 nautical miles. 12 cities. 10 months challenge of cross-ocean sailing. Last year, some 30 Singaporeans rose to the occasion and did us proud. Hailing from diverse walks of life, they sailed the Uniquely Singapore Clipper through feir weather and foul. Keppel will again sponsor Uniquely Singapore's repeat entry in the160 words
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Advertisement237 2007-01-30 7 Financial Masterclass for Business Leaders Master Trainer: Professor Dan Levin (PhD, Wharton Business School, University of Pennsylvania) Wf<o* V 6 th Feb (Tue) or Bth8 th Feb (Thu) I Professor Dan Levin is an internationally renowned professor of finance with over y ears of experience in academic, consulting and public237 words
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SINGAPORE MARKETS
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Article, Illustration555 2007-01-30 8 R SIVANITHY - STOCKS UOB rises 50 cents to $18.90, adding almost 10 points to the index R SIVANITHY Senior Correspondent IT'S BEEN said many times before in this column but it bears repeating penny stocks and various second liners may offer the occasional spurt of excitementSource: Bloomberg - 555 words
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Article, Illustration975 2007-01-30 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jan 29 and earlier) Substantial No of Price SHAREHOLDING Trans Shareholder/ Buy Shares Per Before After Stock Date Director Sell 000 Shr C000) COOP) Lifebrandz 29-Jan-07 Thomas Carlton Thompson *Sell 2000 0.18 ***** 4.95 ***** 4.62 Allgreen 26-Jan-07 KhorThong Meng B/R975 words
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Article, Illustration957 2007-01-30 8 UMA SHANKARI - Compiled by UMA SHANKARI FAIR value estimate of 550.95/ share: We continue to hold the view that Genting International remains one of the most exciting stories in the gaming industry with market leading positions in both the UK and Asian markets. However, the share price has risen 136Source: Bloomberg - 957 words
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Article, Illustration520 2007-01-30 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar held on to most of last week's gains yesterday, riding high on expectations of more supportive US data in what will be a heavy week of releases culminating in the first US jobs data forSource: Reuters - 520 words
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SINGAPORE NEWS
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369 2007-01-30 9 BENITA AW YEONG - Myopia, mental retardation research projects get highest grants By BENITA AW YEONG CANCER and oncology continues to be the key research focus in Singapore, according to results from the Agency for Science, Technology and Research (A*Star)'s Biomedical Research Council (BMRC) grant call. Cancer369 words
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217 2007-01-30 9 SINGAPORE and Laos can work together to promote closer integration within Asean, Prime Minister Lee Hsien Loong said at a dinner hosted in honour of the Prime Minister of the Lao People's Democratic Republic, Bouasone Bouphavanh. "The more we open up and link up to217 words
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Article, Illustration387 2007-01-30 9 BENITA AW YEONG - By BENITA AW YEONG WIDESPREAD flooding, and visitors' fears about crime, have not stopped the authorities in Malaysia looking to attract a record number of tourists this year most of them from Singapore. Malaysia is hoping for 3.6 million more tourists thisARTHUR LEE - 387 words
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333 2007-01-30 9 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY BILCARE Singapore Pte Ltd, which makes pharmaceutical packaging material used to pack capsules and tablets, has entered into an agreement with the healthcare films business of Honeywell to develop high-end packaging solutions. With this, Bilcare will become the only manufacturer in333 words
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Article, Illustration105 2007-01-30 9 A STEADY stream of customers has been making a beeline to this stall since it opened three weeks ago at the HDB hub at Toa Payoh. Strategically located about 100m away from the bus interchange, it operates from 8am to 11pm daily. Most were shopping for Chinese NewARTHUR LEE - 105 words
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586 2007-01-30 9 Move comes as primary margins turn positive Reuters EXXON Mobil Corp restored runs at its Singapore refinery to normal rates as primary margins turned positive, after cutting output by 8-10 per cent in August, raising expectations that two other refiners in theReuters - 586 words
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Article216 2007-01-30 9 NTU's MBA is third best in Asia-Pac NANYANG Technological University's MBA programme at Nanyang Business School is the best in Singapore and third-best in the Asia-Pacific region, according to the Financial Times' listing of the world's top 100 MBAs. The school was ranked 67th globally. NUS offers law216 words
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Advertisement23 2007-01-30 9 QP'ORF PADH 3VJV/JLXJQ \^J\iS±J Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg23 words
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SME spotlight
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Article, Illustration1406 2007-01-30 10 NANDE KHIN - China Lifestyle is prepared to sacrifice part of its bottom line in the short term to develop a lasting brand name, reports NANDE KHIN NANDE KHIN CHINA Lifestyle Food Beverages Group is not your run-of-the-mill F&B mass manufacturer from the mainland which simply churns outFILE PHOTO - 1,406 words
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Article, Illustration585 2007-01-30 10 UMA SHANKARI - By UMA SHANKARI MAINBOARD-LISTED Addvalue Technologies is tak-' ing active steps to turn around its business. Recently, the group reported a net profit of $46,000 for the six months ended Sept 30, 2006 reversing a full-year loss of $22.8 million recorded for the previous585 words
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Article, Illustration743 2007-01-30 11 JANICE HENG - SMALL CAPS Target Asset comes a long way since its start to manage US$1.7b worth of assets today, reports JANICE HENG JANICE HENG FEW small and medium enterprises (SMEs) can claim to have billiondollar concerns, but Target Asset Management is one of them. As of743 words
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313 2007-01-30 11 OUR small cap portfolio took a breather in the last five trading sessions to yesterday, having raced ahead by some 18 per cent so far this year. It ended just 0.7 per cent up from the week before. The biggest gainer was Ausgroup, which313 words
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Advertisement36 2007-01-30 10 hk IHbIII efbJMKJM MPfTgMygMr jare*' jpp The Morning Show with Petrina Joe e (n f3dio9l 3 I I!T!!fflT!l?TTlTBT j s Radio 91.3 is managed by J! SPH Unionworks, a subsidiary of Wt9 Singapore Press Holdings 036 words
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Advertisement153 2007-01-30 11 Diners Club Card r.Wi.^*****980. A World of Exclusive Privileges Treats Diners Club Hry 81 LEGENDS GARDEN wishes you A Happy Prosperous Lunar New Year j-|- -gfa- Lunar New Year's Lunar New Yearns v 1 Lunch Dinner Promotions Re-union Lunch and Dinner a r From 17thFeb-4thMarcho7 Lunch: Dinner: «4?R fXU++rtaWf»nffiM*> 11.30153 words
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ASEAN TOURISM FORUM
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Article, Illustration691 2007-01-30 12 ARTHUR SIM - ARTHUR SIM looks at the issues that will be discussed at this year's Asean Tourism Forum which will be held in Singapore for the fifth time ARTHUR SIM NOW in its 26th year, the Asean Tourism Forum will be held in Singapore for theFILE PHOTO - 691 words
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Article343 2007-01-30 12 TRAVEL trade show Travex, which is part of the ongoing Asean Tourism Forum (ATF) 2007, has attracted more than 1,000 seller delegates and 400 buyer delegates from 50 countries this year, about 30 to 40 per cent more than the last show held in343 words
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Article, Illustration387 2007-01-30 12 ARTHUR SIM - By ARTHUR SIM WITH a year to go before it starts spinning, the Singapore Flyer already looks set to get off the ground at full capacity, judging from the response the operator has received so far. Patsy Ong, managing director of the Adval Brand Group387 words
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Advertisement101 2007-01-30 13 fus jfICT. 4*4 i "sbstrMk/ JQ LI Li r r DijM '0,./' jjp >#K JBH M mM b I 1 n r J iv flj Hf M JP V +m r m mw\ I m A v |i A I^k J*Tf 1 1* lu r r jf Bk MP'S L101 words
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WORLD ECONOMIC FORUM
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Article, Illustration676 2007-01-30 14 This is despite warnings by policy makers against complacency Bloomberg [DAVOS, Switzerland] Bankers, investors, and executives last week arrived at the Swiss resort of Davos, giddy about record profits and bonuses. After five days of hectoring by policy makers that they are too complacent, theyBloomberg; REUTERS - 676 words
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Article, Illustration675 2007-01-30 14 Reuters [DAVOS] A flood of cheap money is putting pressure on the world's financial system, threatening to burst its banks and wash away five straight years of strong economic growth. Leading financial officials discussing risks to the global economy at the WorldReuters; AP - 675 words
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Article, Illustration741 2007-01-30 14 Intel and non-profit One Laptop Per Child squabble on the right strategy NYT [DAVOS] Here in the Swiss mountains at the World Economic Forum, concerns over a growing digital divide this year have taken a back seat to the challenge of climate change.NYT - 741 words
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769 2007-01-30 14 NYT [DAVOS] Russia's elite players came to the World Economic Forum high in the Swiss Alps with a mission. At a meeting as much about posturing and politics as it is about business and trade, Moscow's emissaries were here toNYT - 769 words
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ECONOMY WATCH
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Article, Illustration778 2007-01-30 15 Bangkok finds no followers and little sympathy among neighbours Reuters [SINGAPORE] When Thailand floated and then devalued the baht in 1997, the Philippines, Indonesia and South Korea allowed their currencies to weaken in quick succession, sparking a financial crisis across Asia. A decadeReuters; AFP - 778 words
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334 2007-01-30 15 Reuters [BEIJING] China will finetune its macro-control policies in a timely manner to ensure stable growth in the economy, the National Development and Reform Commission (NDRC) said yesterday. The NDRC, China's top economic planning agency, said in a statement setting out itsReuters - 334 words
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271 2007-01-30 15 Aussie-NZ investment rules less liberalised than those between Aussie-US AFP [WELLINGTON] Australian Treasurer Peter Costello yesterday called for a freeing up of investment rules with New Zealand as part of moving towards a single economic market. Mr Costello met with New Zealand FinanceAFP - 271 words
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308 2007-01-30 15 Bloomberg [SHANGHAI] Alan Greenspan, former chairman of the US Federal Reserve System, said China's central bank should allow the yuan to "move faster" against major currencies. Mr Greenspan was speaking via video link at a conference organised by ÜBS AG here yesterday.Bloomberg - 308 words
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470 2007-01-30 15 ANALYSIS Reuters [NEW YORK] Gold prices have held firm so far this year, even though crude oil futures have fallen sharply, signalling the link between the two could further weaken in the longer term. Bullion, because it is used by many investorsReuters - 470 words
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679 2007-01-30 15 Central bankers have to deal with higher growth Bloomberg [NEW YORK] Plunging oil prices are relieving one inflation headache for central bankers Ben Bernanke and Jean-Claude Trichet, only to give them another. The same lower energy bills that are removing a source ofBloomberg - 679 words
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MALAYSIA/INDONESIA
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511 2007-01-30 16 PAULINE NG - Older players still dominate M'sia's investment banking scene By PAULINE NG in Kuala Lumpur WITH arguably more players than corporate deals to be done, expanding overseas could make a big difference to the survival prospects of some of Malaysia's less established investment banks (IBs).511 words
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Article2525 2007-01-30 16 VOL ma rm *i- cooo) A 8. M Realty 1.42 unch 19 AbricBhd 0.33 0.01 143 Acp Industries 1.63 0.06 1358 Advance Synergy .0.29 0.02 4256 Adventa Bhd 0.85 -0.01 507 Ae Multi Hldgs 0.37 -0.02 138 Affin Holdings 1.96 unch 1606 Ahmad Zaki Resou .2.59 0.01 162,525 words
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Article, Illustration504 2007-01-30 16 Move may prompt other agencies to also review ratings Bloomberg [JAKARTA] Indonesia's debt rating outlook has been raised to "positive" from "stable" by Fitch Ratings, which cited improvements in the government's finances and its pledge to reduce corruption. Fitch yesterday affirmed its long-term foreignBloomberg; REUTERS - 504 words
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278 2007-01-30 16 Reuters [KUALA LUMPUR] Malaysia's Sin Chew Media Corp and Nanyang Press Holdings Bhd plan to merge with Hong Kong's Ming Pao Enterprise to form a global Chinese-language media giant, the deal's advisers said yesterday. The merged entity would combined market valueReuters - 278 words
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Article164 2007-01-30 16 Reuters [JAKARTA] Indonesia's largest listed brokerage, PT Trimegah Securities Tbk, said its shareholders had agreed to sell a 29.5 per cent stake in the company for 172.52 billion rupiah (5529.2 million) to a unit of Oversea-Chinese Banking Corp Ltd (OCBC). OCBC separately said its whollyReuters - 164 words
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259 2007-01-30 16 AP Bloomberg [KUALA LUMPUR] Malaysia's government will need to spend RMI.S billion (Ss66o million) to repair roads and schools and to help victims following recent floods, authorities were quoted as saying yesterday. Deputy Prime Minister Najib Razak said much of the expenditure would beAP; Bloomberg - 259 words
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Advertisement21 2007-01-30 16 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg21 words
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GREATER CHINA/INDIA
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597 2007-01-30 17 JANE MOIR - Old landmarks being replaced by infrastructure projects By JANE MOIR in Hong Kong POLICY-MAKERS in Hong Kong are coming under pressure to rethink the city's economic development model as friction escalates between the public and city planners over the loss of597 words
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Article, Illustration289 2007-01-30 17 AFP [SHANGHAI] China has launched a trial run of home-grown fourth-gener-ation mobile technology in Shanghai in what it called the world's first rollout of the wireless application, a report said yesterday. "It testifies that the technology we've developed is feasible and brings us oneAFP - 289 words
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Article, Illustration380 2007-01-30 17 Liquidity crunch in banking sector may quicken trend Reuters [SINGAPORE] India's real estate and stock markets are heading for a correction, with a liquidity crunch in the banking sector likely to accelerate the trend, a top Indian banker told the Financial TimesReuters; REUTERS - 380 words
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429 2007-01-30 17 The Economic Times Reuters [LONDON] You won't see it live on television, but the Tata-CSN face-off over acquiring Corus is set to be way more exciting than any Big Brother show. Neither contestant is willing to budge a penny from its intentions,The Economic Times; Reuters - 429 words
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394 2007-01-30 17 Finance minister says there's a proliferation of tax exemptions [NEW DELHI] The Indian government is likely to target open-ended tax exemptions by stipulating a time period for their conclusion in the forthcoming Budget. In an exclusive interview with Economic Times. Finance394 words
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504 2007-01-30 17 [MUMBAI] Corporate India has posted a record-break-ing performance for the quarter ended December 2006, with 808 companies showing a 67 per cent increase in net profit and 35 per cent increase in net sales, according to a report in Business Standard.504 words
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Advertisement6 2007-01-30 17 World's Finest Virtual Office '.fi 16 words
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MIDDLE EAST
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Article, Illustration454 2007-01-30 18 Move aims to 'bring back confidence' to kingdom's flagging stock market Bloomberg [DUBAI] Saudi .Arabia's Prince Alwaleed bin Talal, the largest individual shareholder in Citigroup, will invest five billion riyals (Ss2 billion) into shares to help "bring back confidence" to the kingdom'sBloomberg - 454 words
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337 2007-01-30 18 HABIB SHAIKH - By HABIB SHAIKH in Jeddah THE Saudi Arabian General Investment Authority (Sagia) is eyeing greater foreign investments, including from Singapore, and, towards this end, it will open more investment offices overseas. According to Sagia's annual report released yesterday, the authority is also337 words
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Article6969 2007-01-30 18 UNIT TRUSTS FUNDS ABM Afnro Asset Mgt (S'pore) St* Europe Eqty!" 1.054/ Star Europe Bond 1.168/ Star Europe Bal 1.22/ Stat Asian Tiger Eqty 1307/ Stai Asia Bond 1314/ Stat Asia Balanced 1 099/ Stat Global Technology Fund!" 0214/ Mult St Fd 0384/ Stat Asia BorxKUSD) 0855/ Gfc Mull] St6,969 words
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ASIA-PACIFIC/WORLD
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494 2007-01-30 19 Earnings drop as stock trading cools and banks push into brokerage Bloomberg [TOKYO] Japan's largest securities firms, Nomura Holdings and Daiwa Securities Group, said their thirdquarter profit slumped after a drop in stock trading eroded brokerage fees. Nomura's net income fell 26 per centBloomberg - 494 words
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Article, Illustration388 2007-01-30 19 Reuters [SYDNEY] All Australian states will be forced to use purified waste water for drinking if the current 100year drought continues, said the premier of Queensland state yesterday, after being the first to approve recycled water. "I think in the end, because of the drought,Reuters; AP - 388 words
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Article, Illustration46 2007-01-30 19 Women dressed in black and white are among the thousands of Shi'ite Muslims who gathered in Istanbul's Halkali district yesterday to commemorate the Ashur a religious festival, the day when Imam Hussein, grandson of Prophet Mohammed, was killed in Kerbala in 680 AD REUTERSREUTERS - 46 words
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562 2007-01-30 19 Reuters Bloomerg [LONDON] US bank Citigroup has agreed to buy British insurer Prudential's loss-making Internet bank Egg for £575 million ($1.7 billion) in cash, the two sides said yesterday. Prudential, Britain's second -largest insurer, has been reviewing its underperforming UK operations since lastReuters; Bloomerg - 562 words
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347 2007-01-30 19 Bloomberg [NEW YORK] If President George Bush thought he had the remedy for America's oil woes when he proposed an increase in ethanol production, he's getting no support in the boardroom of the world's biggest energy company and noBloomberg - 347 words
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399 2007-01-30 19 AP [LONDON] Oil prices fell yesterday despite forecasts of continued cold weather across the US East Coast, a major market for heating oil. An unusually warm winter in the US drove crude oil below US$5O a barrel earlier this month, but theAP - 399 words
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482 2007-01-30 19 Bloomberg [FRANKFURT] The Frankfurt stock exchange wants to look good on television. Deutsche Boerse AG, which runs the exchange, is spending four million euros (557.9 million) to refurbish its trading floor and create a modern backdrop for fi-nancial-TV crews. The project, partly aimed atBloomberg - 482 words
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AVIATION
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Article, Illustration578 2007-01-30 20 Boeing scraps plan as the technology will not work in all parts of the world Bloomberg [NEW YORK] Boeing Co, the world's second-largest commercial airline maker, is scrapping plans to install wireless entertainment systems on its 787 Dreamliner because the technology wouldn'tBloomberg; AP - 578 words
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260 2007-01-30 20 Bloomberg [HONG KONG] Boeing Co, the world's sec-ond-largest commercial aircraft maker, is in talks with as many as 15 airlines on orders for its 747-8 aircraft this year as it tries to take more customers from Airbus. "We see about 10 to 15 airlinesBloomberg - 260 words
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477 2007-01-30 20 Bloomberg [SHANGHAI] China Southern Airlines Co, the country's biggest carrier, forecast it will post its first annual profit in four years, helped by a stronger yuan, higher fuel surcharges and increased traffic. The airline will post a 2006 profit on foreignBloomberg - 477 words
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276 2007-01-30 20 AP [BANGKOK] Thailand's Transport Ministry announced yesterday that it would recommend that some domestic flights using Bangkok's new international airport be temporarily allowed to use the capital's old airport again. Transport Minister Thira Haocharoen said his ministry would seek Cabinet approvalAP - 276 words
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LOG BOOK
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79 2007-01-30 20 Bloomberg [TOKYO] Japan Airlines Corp (JAL), Asia's largest carrier by sales, will stop service on 10 domestic routes as it reshuffles its flight schedule to focus on more profitable routes, the airline said yesterday. It will also reduce the number of flightsBloomberg - 79 words
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83 2007-01-30 20 c Bloomberg [ROME] Alitalia SpA, Italy's unprofitable state-controlled airline, said it has enough cash to operate for more than a year as the government tries to sell its stake. The carrier has 726 million euros ($1.44 billion) in cash and short-term— c — Bloomberg - 83 words
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110 2007-01-30 20 Bloomberg [LONDON] British Airways pic (BA), Europe's third-largest airline, said flight attendants cancelled a strike due to start at midnight after an accord was reached between the carrier and the Transport General Workers Union. "We are pleased that our negotiations with the T&GBloomberg - 110 words
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Article2359 2007-01-30 20 qrr man r« man up AbaOkiW N302AK 0300 AMaMt LH9771 1740 AF8088 2215 SQ268 1740 8A7382 221S AF8087 1830 Of 8? 2215 BA73S1 1830 LH9770 2350 OF81 1830 5Q269 2350 SQ530 1930 laHlrfw L***** 0645 KL838 2315 SQ323 0645 L***** 2345 ***** 1605 ***** 2345 A2,359 words
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Page 20 Miscellaneous
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Miscellaneous237 2007-01-30 20 CRYPTIC CROSSWORD pantomime (4) I IB HH~| 13 Common vehicles having winter whole (2,4) DOWN 15 information that is helpful to YESTERDAY'S SOLUTION 1 Puts on shows, packed at Christ- Aladdin (5) Across: 1 Lancastrian, 8 Siamese Piles of presents, perhaps, out of atsJl Rot a. 12 Snap, 13 Winston,237 words
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SHIPPING
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513 2007-01-30 21 Cargo port operator may raise up to US$750m, says SCMP [HONGKONG] Guangzhou Port Group, an operator at China's third-largest cargo port, plans to raise up to US$75O million from an initial public offering in the fourth quarter, says a report in513 words
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Article, Illustration257 2007-01-30 21 AP [MADRID] Maritime inspectors yesterday were to investigate damage done to a refrigerated ship that ran aground in southern Spain and began spilling engine fuel, the authorities said. The Spanish-owned, Panamani-an-flagged Sierra Nava, which had been anchored without cargo in AlgecirasAP; AFP - 257 words
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Article, Illustration381 2007-01-30 21 TANKER MARKET Bloomberg [LONDON] The cost of shipping two million barrels of crude oil to Asia from the Middle East, which was little changed last week, may increase as bookings for February cargoes reduce ship availability. Heating fuel demand in the north-eastBloomberg; FILE PHOTO - 381 words
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282 2007-01-30 21 Bloomberg [BElJlNG] Hudong Heavy Machinery Co, China's biggest maker of diesel engines for ships, will sell 12 billion yuan (552.4 billion) in shares.to a group of companies to buy shipyards from its parent and raise cash for new technology. The company willBloomberg - 282 words
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PORT SHOTS
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85 2007-01-30 21 Reuters [SHANGHAI] Dubai Ports World (DPW) has won regulatory approval to build a 3.48 billion yuan (Ss6B9 million) container port project in east China, the country's top economic planner said yesterday. The project, located within the Qingdao port in Shandong province, has fiveReuters - 85 words
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107 2007-01-30 21 Bloomberg [LONDON] Turkey's Bosporus strait closed to tankers yesterday because of a gale, delaying delivery of as much as 32 million barrels of Russian, Kazakh and Azeri crude oil to refineries in the Mediterranean and beyond. The waterway closed at around 9.15 am local time,Bloomberg - 107 words
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100 2007-01-30 21 Bloomberg [HONG KONG] Orient Overseas (International) Ltd, owner of Asia's eighth-largest container shipping line, said fourth-quarter sales at the unit increased 8.3 per cent on higher cargo volume. Sales at Orient Overseas Container Line increased to US$l.l billion in the three months endedBloomberg - 100 words
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Article, Illustration595 2007-01-30 21 CLARENCE MICHAEL - LOGISTICS By CLARENCE MICHAEL in Dubai WORK on the Dubai World Central (DWC) project which, when completed, will be the world's biggest airport has gathered momentum with more than 50 per cent of the first of the six runways having been completed,595 words
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Article281 2007-01-30 21 Source: Reuters SGX '000 Jan 29 S$ Vol Ch Offshore .0.45 001 1770 Chuan Hup Hldgs .0.34 0.01 1857 CoscoCorp .2.71 0.01 2080 Cwt Limited .0.74 unch 494 Ezra Hldgs .4.62 128 Freight Unks .0.09 -0.01 1528 Grand Banks unch unch 0 Java Hold Ltd 1.48 unch 17Source: Reuters - 281 words
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EDITORIAL & OPINION
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Article, Illustration553 2007-01-30 22 EDITORIAL MALAYSIAN Prime Minister Abdullah Ahmad Badawi said over the weekend that his country's central bank had pared down the US dollar portion of its international reserves. "We are concerned for the reason that a high percentage of our international trade is in US553 words
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Article, Illustration766 2007-01-30 22 PAUL SAMUELSON - THE BOTTOM LINE PAUL SAMUELSON POOR, poor President George Bush. Everything his team touches goes bad. The US occupation of Iraq has been and most likely will ever be an abysmal failure. It would not be so bad for the president if766 words
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Article, Illustration1092 2007-01-30 22 LEON HADAR - US troops have become hostage to the sectarian and personal interests of Iraqi leaders LEON HADAR Washington Correspondent A COLLEGE professor who is planning to teach a course on imperialism contacted me recently, asking for my recommendations for his course's reading list. I had onlyAP - 1,092 words
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Article, Illustration775 2007-01-30 23 MATTHEW LYNN - Prices of prime property in London are rising at the fastest rate in 27 years By MATTHEW LYNN Bloomberg AFTER a year of increases for London homes, you would think the market had gone crazy. You haven't seen anything yet. London is just following the restBloomberg; BLOOMBERG - 775 words
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Article, Illustration1582 2007-01-30 23 MICHAEL BARBARO; JULIE CRESWELL - By MICHAEL BARBARO and JULIE CRESWELL NYT US PATENT and Trademark No 1,139,254 is not much to look at: a pentagon surrounding a childlike drawing of a seagull in flight. But the design for a Levi's pocket, first used 133 years ago, hasNYT; FILE PHOTO - 1,582 words
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530 2007-01-30 23 Simon Cheong - LETTERS TO THE EDITOR Simon Cheong Chairman chief executive officer SC Global Developments Ltd WE refer to the article "SGX cautions developers about price projections" (BT, Jan 29) and wish to express our strong objection to, and disagreement with, the following statements in530 words
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246 2007-01-30 23 Cheong Swee Ying (Ms - Cheong Swee Ying (Ms) Chief Tax Policy Officer Ministry of Finance I REFER to Donald Urquhart's article "Shipping body draws up Budget wish list" (BT, Jan 23), which carried a wish-list from the Singapore Shipping Association (SSA) to boost Singapore's position as an international246 words
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Article102 2007-01-30 23 Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, IOOOToa Payoh North, 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 laws.102 words
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Article11138 2007-01-30 24 SGX MAINBOARD Transaction date: Jan 29 52-Wk Tel Last Vol Day Last Quote Div GrYM Net MCap High Low Code Company Sale C000) High Low Sefcf CVr P/t SmS 35 1 5716 1st Software 2 susp 81 IIS 6 3148 STeletom 9.5 unch 346 9 5 9 511,138 words
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Page 24 Advertisements
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Advertisement35 2007-01-30 24 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in all markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices Competitive Commission charges35 words
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Article6214 2007-01-30 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curt In SS m USi dy %yr dy yr dy %yr Jan 26 lnd«« Oijnqc Chjnqt Chang* Chang* Cnanqt Change World Index Preliminary 1110.9 0.1 14.6 -0.4 9.2 -0.7 18.1 »EAfE Pielimmary 1125.5 0.5 15.7 -08 14 2 1 0 23.56,214 words
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Page 26 Advertisements
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Advertisement1512 2007-01-30 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN XU CHANG HAI LAX/VCW/MZL MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia E/w |ndonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination BLUE SKY DBI/ABU/DOH/BRN/DMM/KWT Destination PAN VOYAGER JDH/DMT/BJA STX PO TBN INC/BSN J SAFE DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E.1,512 words
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Advertisement455 2007-01-30 26 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VKSa VOT IW HIICHT SIN UK MAO SAY lAI ~ORf TARONGA AI7OS 320Tbw 6.25 M 06/02 11/03 14/03 21/03 19/03 TAMISIS A 1706 3?0To.» 6.4 M 15/02 12/03 21/03 2S/03 29/03 27/03 TAMPA A 1707 420Tms 6.4 M 27/02 23/03 01/04 05/04 10/04 08/04455 words
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Page 27 Advertisements
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Advertisement1299 2007-01-30 27 IVISSIL VOY PKL I SIN I KARACHI PXB »AB PMM BIN KHOR IRAN BAABAEI PCL 8186 29/01 30/01 08/02 11/02 12/02 It/02 20/02 22/02 IRAN SATTARI PCL 8187 10/02 11/02 20/02 23/02 24/02 02/03 04/03 06/03 IRAN SHAHRYAR PCI 8188 16/02 17/02 26/02 01/03 02/03 08/03 10/03 12/03 [vissa VOY1,299 words
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Advertisement687 2007-01-30 27 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS Kssa vor 1 sin pkuiic Colombo n shev* Colombo kota P«TAM* Mii] 23JAH 24 M UM &M QIIB HOWEAHBII OQSBW 30 JAW 31 JAM 03 fB 06FB 10 FB »OT*ftlWm m»W7 OtFB 07FB IP FEB I3FB 17687 words
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THE BUSINESS TIMES SHIPPING TIMES
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4761 2007-01-30 28 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ADELAIDE (ADL) 2007 Australia 11/02 02/03 China Shpg ANL WARRINGA 001S *****898 11/02 02/03 PTDjakafta ANl WARRINGA 001S *****202 18/02 09/03 China Shpg API TOPAZ 002S *****898 18/02 09/03 PTDtakarta ANL4,761 words
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PROPERTY
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Article, Illustration527 2007-01-30 29 Researcher says record bonuses for bankers have blunted effect of interest-rate hikes BLOOMBERG Bloomberg [LONDON] House-price inflation in the United Kingdom reached the fastest pace in more than three years in January, led by London, as record bonuses for bankers bluntedBLOOMBERG; Bloomberg - 527 words
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Article, Illustration250 2007-01-30 29 A FREEHOLD bungalow at 59 Goodman Road put up for sale by UCO Bank changed hands for $8.5 million in an auction last week. In all, eight parties "bid vigorously from an opening price of $6.4 million", according to Knight Frank auctioneer Mary Sai After250 words
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Article, Illustration677 2007-01-30 30 ARTHUR SIM - Super-luxury units should hit more than $3,000 psf: Hong Leong By ARTHUR SIM SINGAPORE'S high-end property segment is developing into a two-tier market of traditional high-end developments and a new "super luxury" category that could see average prices rise to $3,000 per squareFILE PHOTOS - 677 words
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311 2007-01-30 30 Bloomberg MALAYSIA'S government may cut taxes on dividends from property trusts to encourage overseas investors, and compete with neighbours such as Singapore, said the manager of a state-owned real-estate fund. The dividend tax may fall to 15 per cent from 20 per cent, saidBloomberg - 311 words
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Page 29 Advertisements
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Advertisement308 2007-01-30 29 FREEHOLD RESIDENTIAL SITE THOMSON ROAD (DIST.II) CONCORDE RESIDENCES FOR SALE BY TENDER N Site area: 34,092.57 sf °Sce Tenure: Freehold Academy R G E^gg^° E E s J Plot ratio: 2.8 (up to rnax 36 storeys) bright No DC payable for subject site f Few mins walk to Novena MRT308 words
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Advertisement243 2007-01-30 29 gl I Collective Sale of Tulip Garden LMdonParfc J J 1 E3 1 A>/ smJ f £Z/£>/ Land Area: 29,432.2 sq.m. ysGpr MR y (approx. 316,709 sq.ft.) MP 2003 Plot Ratiol 6 "jjgpg* Tenure: Freehold Nnii m rt n Bounded by Leedon Heights, Holland and Farrer Roads vSSS?mrt —i>.j ollan243 words
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Page 30 Advertisements
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Advertisement164 2007-01-30 30 Prime residential redevelopment site at Nathan Road For Sale By Expression of Interest —/a I j f i Freehold 1/ U Land Area: 4,288.8 sq m tj, 0 (approx. 46,164 sq ft) -i l 0 g Master Plan 2003: 'f P/ "Residential" at plot "t' o2 1 Cl Height up164 words
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Advertisement27 2007-01-30 30 Held, Redone! Services Chief Air force Medical Wfcer m FormaeimMm mi appirnmplem contact Ms Ramona Zuzarte Tel:+6s 6790 4042/6136 Fax: +65 6794 7516 Email: aatt@irte.edii.sg www.eucad.ntu.eda.ag/amp -SHHHHHHNHHMHHHHHHMHHHI27 words
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