The Business Times, 6 February 2007
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2007-02-06
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The Business Times
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Title Section20 2007-02-06 1 THE BUSINESS TIMES Tuesday, February 6,2007 A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 online at http://business-times.asial.com.sg SINGAPORE 85 cents20 words
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Article, Illustration887 2007-02-06 1 WONG WEI KONG - SingPost says it's ready for expiry of its 15-year monopoly on basic mail services By WONG WEI KONG [SINGAPORE] Singapore's postal sector will be fully liberalised on April 1 this year. Basic domestic and international mail services including collection and delivery of letters887 words
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553 2007-02-06 1 CHUANG PECK MING - Strong hiring seen in areas like finance, engineering, healthcare, life sciences By CHUANG PECK MING [SINGAPORE] Pay for some people is tipped to shoot up by as much as 25 per cent this year in Singapore as employers in high-growth553 words
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Page 1 Advertisements
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Advertisement13 2007-02-06 1 FUND*SCANDAL fSfif Asiatravel.com: j^Bt From niche player to one-stop vj travel service 313 words
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Advertisement28 2007-02-06 1 COMMENTARY When minorities' tougjier stance works PAGE 5 8 l!l! liilli Markets Digest, Page 2 SME SPOTLIGHT Icon Resources: IT solutions provider takes a double step PAGE 1428 words
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Advertisement28 2007-02-06 1 JHHBH EN BLOC SALES| Landmark ruling I on CPF losses J ÜBI PAGE 2 I CORPORATE RESULTS Robinson Q2profii up 13% page 6 ULYSEE NARDIN THE HOUR GLASS28 words
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TOP STORIES
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Article, Illustration906 2007-02-06 2 KALPANA RASHIWALA - CPF amount withdrawn and accrued interest not allowed in determining loss By KALPANA RASHIWALA [SINGAPORE] The prospect of CPF losses cannot be used to stop an en-bloc sale, the Strata Titles Board (STB) ruled yesterday. In a landmark decision, it said906 words
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Article134 2007-02-06 2 STI 3.223.32 (+5.64) ST INDEX FUTURES 3,228.00(44.00) siMsa 394.03 (+0.51) SIMSa FUTURES 395.00 (-0.60) MARKETS Monday Change KICOMP 1,225.73 ..+1625 NIKKEI 225 17,344.80 -202.31 HANG SENG 20,455.62 108.06 SETINOEX 674.42 +3.C JAKARTA COMP 1,768.54 -11.84 MANILA COMP 3,281.90 +12.72 SEOUL COMP 1,413.14 +30.24 SHENZHEN B 460.23 ♦10.72 MUMBAIIND134 words
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Article, Illustration604 2007-02-06 3 CHEN HUIFEN; TAMARA MOHANAN KUPPUSAMY - FORAYS INTO LIFE SCIENCES But it'll take time to be sure if biomedical industry is on right track By CHEN HUIFEN and TAMARA MOHANAN KUPPUSAMY [SINGAPORE] Singapore will change the focus of its multi-billion-dollar life sciences push if necessary, National Research604 words
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Article, Illustration464 2007-02-06 3 SIOW LI SEN - Firm responds to growth of S'pore hedge fund market By SIOW LI SEN [SINGAPORE] Singapore's growing hedge fund industry has received a further boost with leading investment bank Morgan Stanley announcing that it will set up a prime brokerage office here next month464 words
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Article484 2007-02-06 2 S'pore ready to adjust biomedical focus if needed SINGAPORE will change the focus of its multi-billion-dollar life sciences push if necessary, National Research Foundation chairman Tony Tan said yesterday. Building up a biomedical industry is a long-term effort and it will take another 5-10 years to know for484 words
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Page 2 Advertisements
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Advertisement353 2007-02-06 2 Goods and Services Tax Seminars 2007 Date The Goods and Services Tax (GST) rate will increase. How will you account Friday, 16 March 2007 f or q§j during the transition period before the rate increases? The increase Time cou 'd mean higher non-compliance penalties imposed by the Inland Revenue 9.00353 words
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Advertisement36 2007-02-06 2 people Your search ends here. Www thepeopleatwork.com Asia-Pacific Executive Search JL ■■H BIRD'S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. >&£ f NOTICES36 words
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Page 3 Advertisements
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Advertisement540 2007-02-06 3 What about your wealth? ASIA is home to some of the fastest growing economies in the world. Most people know this. But how many are actually benefiting from this fact? With nearly 40 years' investment experience in Asian markets and a team of over 100 investment professionals 2 in the540 words
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Page 4 Advertisements
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Advertisement70 2007-02-06 4 i. afc jj^ Chinese New Year celebrations. I Invincible Duo Prestige where you get £sisM A a fine bottle (50cl) of Brugerolle Cognac XO Extra Special $308 (w/gst $323.40) Now: *****155 I a dfl 1 A. Products as y^ Noel reserves the right to replace any item with another of70 words
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Page 5 Advertisements
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Advertisement267 2007-02-06 5 a* i Van Gogh Preferred Banking Centres Raffles 50 Raffles Place #01-03 Singapore Land Tower Suntec City 6 Temasek Boulevard #21-02/03 Suntec Tower Four Thomson 301 Upper Thomson Road #01-38/41 Thomson Plaza VfllVGOflh 24-hour Van Gogh Service Hotline 1800 226 8899 Website www.abnamro.com.sg Email vangogh@sg.abnamro.com Preferred Banking n.*«««., »2. w^srszhxss267 words
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COMPANY NEWS
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Article, Illustration813 2007-02-06 5 MICHELLE QUAH - HOCK LOCK SIEW By MICHELLE QUAH A RECENT comment by David Gerald, considered by many to be the voice of minority investors here, on the Isetan issue is a contentious one. And his comment may also have opened a debate on how shareholders should813 words
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Article, Illustration406 2007-02-06 5 WEE LI-EN - By WEE LI-EN DERIVATIVES trading on the Singapore Exchange (SGX) was halted for about four hours yesterday morning by a problem with its trading system. SGX said it identified "non-routine log-in activities" of some member firms in the morning that prevented accessBLOOMBERG - 406 words
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214 2007-02-06 6 WEE LI-EN - By WEE LI-EN THE land systems arm of Singapore Technologies Engineering has won a sixyear $78 million weapon maintenance contract from the Singapore Armed Forces (SAF). The deal, worth about $13 million a year, also includes an option to extend for a214 words
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Article, Illustration430 2007-02-06 6 UMA SHANKARI - Many foreigners indicating interest before March/April opening By UMA SHANKARI SINGAPORE developer Capita Land and Hong Kong's Sun Hung Kai Properties plan to launch The Orchard Residences their upcoming residential project on the prime Orchard Turn site above Orchard MRT sometime in March or430 words
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504 2007-02-06 6 PAULINE NG - By PAULINE NG in Kuala Lumpur MALAYSIAN massage chair maker Ogawa World, which counts Singapore's OSIM as a key rival, is set to expand more aggressively in Malaysia, China and Vietnam. Ogawa, co-founded by Wong Lee Keong and Lim Poh Khian, plans to504 words
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386 2007-02-06 6 SIOW LI SEN - By SIOW LI SEN SINGAPORE Telecommunications (Sing Tel) has tied up with US firm Globe Wireless to resell satellite services to the maritime industry. Globe Wireless which has a customer, base of more than 400 ship operators with a total fleet386 words
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410 2007-02-06 6 VINCENT WEE - It appoints three new independent directors By VINCENT WEE ROBINSON Co yesterday announced a 12.6 per cent year-on-year rise in second-quarter net profit to $14.82 million. The profit was achieved on a 4.9 per cent rise in turnover to $107.8 million for the three months410 words
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Article, Illustration407 2007-02-06 9 MATTHEW PHAN - Revenue up 95% on higher demand from marine, offshore sectors By MATTHEW PHAN BH GLOBAL Marine, which procures electrical equipment for the marine and oil and gas industries, saw a 65 per cent surge in net profit to $11.2 million for the year ended December407 words
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Article633 2007-02-06 9 Union Steel's H1 revenue up 3 times METAL recycler Union Steel Holdings yesterday reported first-half revenue of $141.1 million, up nearly three times from $51.68 million in the previous corresponding period. Net profit for the six months to Dec 31, 2006, also doubled from $2.23 million to $4.4633 words
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282 2007-02-06 9 VINCENT WEE - By VINCENT WEE FERROCHINA could see an additional US$lOO million in revenue and a boost to its margins due to its new strategic partnership with China state-owned steel mill Baotou Steel Union. The partnership will leverage on the respective strengths of the two282 words
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Page 6 Advertisements
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Advertisement194 2007-02-06 6 raNANYANG k&<£> technological UNIVERSITY School of Humanities and Social Sciences j *"J I Your Gateway to China Facing China's rapid political and economic development, you need well-grounded and balanced knowledge about China, its people and the regional and global implications of China's growing power. MACC offers: First and only programme194 words
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Advertisement97 2007-02-06 6 Our qualified professionals can assist you with offshore structures, shelf companies mjtjtj and incorporations in ALL jurisdictions including: 0« British Virgin Islands Cayman Islands Bahamas ZZ Mauritius Hongkong Samoa Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate97 words
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Advertisement49 2007-02-06 6 PENG KWEE 01-45 A PENINSULA PLAZA 6334 0155 02-90K PEOPLE'S PARK COMPLEX 6327 4628 01 -44 PEOPLES'S PARK CENTRE 6533 4619 01-45 BENCOOLEN 6333 1921 01 -46 PENINSULA PLAZA 6334 5929 01-51 ORCHARD PLAZA 6836 6608 01-53 LUCKY PLAZA 6732 3243 0% Interest instalment plan for Credit Cards available49 words
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Page 7 Advertisements
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Advertisement602 2007-02-06 7 ROBINSON AND COMPANY, LIMITED Incorporated in Singapore Co. Reg. No. *****0011H 1. INCOME STATEMENT FOR THE SECOND QUARTER ENDED 31 DECEMBER 2006 (i) The Directors are pleased to announce the unaudited results for the second quarter ended 31 December 2006:GROUP 3 mths to 3 mthsto 6mthsto 6mthsto 31 Dec 31602 words
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Advertisement886 2007-02-06 7 3. CASH FLOW STATEMENT FOR THE SECOND QUARTER ENDED 31 DECEMBER 2006 GROUP 3mthsto 3mthsto 6mthsto 6mthsto 31 Dec 31 Dec 31 Dec 31 Dec 2006 2005 2006 2005 $<000 $*000 $*000 $'000 CASH FLOW FROM OPERATING ACTIVITIES Profit before taxation 18,674 16,758 24,270 21,518 Adjustments for: Investment income and886 words
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Advertisement970 2007-02-06 7 5. SHARE CAPITAL The Company did not issue any shares since the end of the last financial year. 6. STATEMENT OF AUDIT OR REVIEW OF FIGURES The figures have not been audited or reviewed. 7. CHANGES IN ACCOUNTING POLICIES There have been no changes in accounting policies and methods of970 words
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SINGAPORE MARKETS
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Article, Illustration525 2007-02-06 8 TEH HOOI LING - STOCKS Index hits new peak despite weakness in some of the region's major markets TEH HOOI LING Senior Correspondent INGAPORE share prices powered to yet another new all-time closing high yesterday, despite a relatively weak day for some of the region's major bourses. TheSource: Bloomberg - 525 words
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Article, Illustration952 2007-02-06 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Dow Uwdi Up Down Undi Up Down UiKh Multilnd 10 2 5 0 1 0 10 3 5 Manufacturing 79 66 65 15 19 17 94 85 82 Commerce 27 24 25 6 10 5 33 34 30 Tpt/Stor/Comms 11 16 13 2952 words
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Article, Illustration321 2007-02-06 8 UMA SHANKARI - Compiled by UMA SHANKARI FerroChina Limited Feb 5 dose: $1.5S JPMORGAN RESEARCH, Feb 2 WE INITIATE with Overweight, December 2007 price target of 552.00: FerroChina (FRC) is a downstream steel processor of galvanised steel coils in China and trades at B.Bx FYO7E P/E. Attractive valuation: The stock tradesSource: Bloomberg - 321 words
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Article, Illustration232 2007-02-06 8 HANS CHIN - CHART POINT By HANS CHIN chartist at Kelive Research THE STI has rallied 7.9 per cent since the start of 2007. While the STl's four-year uptrend remains intact in our view measured from the 1205 level since March 2003 we believe the indexSource: NextVIEW - 232 words
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Article, Illustration508 2007-02-06 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent CARRY trade players remained defensive yesterday ahead of a two-day meeting of G-7 finance ministers this Friday, but selected Asian currencies can be expected to emerge winners again by next week. With US lawmakers making it pretty clear last weekSource: Reuters - 508 words
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Page 9 Advertisements
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SINGAPORE NEWS
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Article, Illustration482 2007-02-06 10 ARTHUR SIM - By ARTHUR SIM JACK Investment has raised its investment on Leisure Park Kallang and will have spent $70 million on the revamped entertainment hub by the time it opens in the third quarter of this year. Earlier estimates had put the redevelopment cost482 words
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497 2007-02-06 10 SIOW LI SEN - Long-term loan facility from HSBC, and Maybank's Syariah-compliant structured deposit By SIOW LI SEN FOREIGN banks here yesterday announced two innovative products: a long-term loan facility, and a Syaria/i-compliant structured deposit. Hoping to catch people needing funds to pay for the upcoming Chinese New497 words
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290 2007-02-06 10 The freehold site on Upper East Coast Rd has an indicative price of $75m DTZ is launching the collective sale of Palm Beach Garden at Upper East Coast at an indicative price of $75 million for the 108,800 sq ft freehold site. This290 words
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Article, Illustration296 2007-02-06 10 ARTHUR LEE - By ARTHUR LEE NTUC Fair Price is importing 10 million mandarin oranges for this year's Chinese New Year. Singapore's largest supermarket chain estimates that the shipment in 80 40-foot containers is enough to provide for at least two oranges per person. Fair Price buyers have flownARTHUR LEE - 296 words
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466 2007-02-06 12 RONNIE LIM - Groundbreaking of $1b oil storage project on Thursday By RONNIE LIM EVEN as JTC Corporation breaks ground on its $1 billion Jurong Rock Cavern (JRC) this Thursday, it is sending a marketing team overseas to get potential users to sign up for466 words
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Article, Illustration546 2007-02-06 12 MICHELLE QUAH - NKF CIVIL SUIT He concedes failure to ensure that Chua had no role in software contract By MICHELLE QUAH FORMER National Kidney Foundation chairman Richard Yong has admitted breaching his duties as a director of the charity a key point of theFILE PHOTO - 546 words
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525 2007-02-06 12 WEE LI-EN - By WEE LI-EN SHUTTERS came down yesterday at about 13 outlets underground, mali ap strop"" tenants protested against their landlord. SMRT, about poor business. This was a "last resort" to get SMRT to live up to the spirit of what it had promised before525 words
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Article153 2007-02-06 12 Press Club holds property seminar SINGAPORE Press Club will be holding a property seminar tomorrow where four industry experts Knight Frank's managing director Tan Tiong Cheng, DBS Asset Management's chief equities strategist Daniel Chiang, OCBC Investment Research's senior property analyst Winston Liew, and Savills Singapore's marketing and business153 words
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Page 10 Advertisements
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Advertisement247 2007-02-06 10 We are a public-listed company whose business dynamism has earned us recognition in Hi Singapore and regionally. Our diverse business operations and strategies span beyond the ■B shores of Singapore. We are looking at further growth and need a highly motivated and qualified person to join us as: I Head,247 words
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Page 11 Advertisements
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Advertisement315 2007-02-06 11 v. Just how far will they go to steal your data? Protect your IT system from floor to ceiling. There's of protection by encrypting data that's CV one thing of which you can be sure: Any weak link in being transferred to a remote back-up. your IT security system will315 words
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Page 12 Advertisements
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Advertisement1233 2007-02-06 12 r CEI CONTRACT MANUFACTURING LIMITED 1 M 1 Company Registration No: *****5114H ANNOUNCEMENT RESULTS The unaudited results of the Group and of the Company for the financial year ended 31 December 2006 are as follows: SB2UE 2006 2005 +/(-> $'066 —***** Revenue 75,127 70,562 6.5 Cost of sales (55,315) (51,378)1,233 words
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Advertisement6 2007-02-06 12 wt|wm Special I IbnP*^u£ uSHUSBai nSSI6 words
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SME spotlight
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Article, Illustration1374 2007-02-06 13 NANDE KHIN - NANDE KHIN finds out how Asiatravel.com Holdings' next stage of growth will be shaped by its transformation into a comprehensive online travel reservations service provider SMALL CAPS NANDE KHIN THE market for online travel reservations is expected to enjoy strong growth for the next few years,FILE PHOTO - 1,374 words
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330 2007-02-06 13 TEH HOOI LING - By TEH HOOI LING OUR small-cap portfolio did well again in the five trading sessions to yesterday, gaining a respectable 4.4 per cent. Leading the portfolio's charge upwards was undisputably Ezra. The stock surged just under 14 per cent. In percentage terms, its gain was330 words
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Article, Illustration829 2007-02-06 14 OH BOON PING - It also plans to expand its business by entering new markets like Middle East and Europe, writes OH BOON PING OH BOON PING INFORMATION Technology (IT) solutions provider Icon Resources is aiming to hit a turnover of $150 million this year through a two-prongedNG SOR LUAN/THE STRAITS TIMES - 829 words
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Page 13 Advertisements
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Advertisement64 2007-02-06 13 I 11 Friendlier, and more the new improved I s jjj p ower f u tools, simple-to-use features and thoughtful layouts, the enhanced mom.gov.sg saves you time and effort from the very first jShV I Log on today and discover how you can now accomplish more, faster, easier. n tfi64 words
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Page 14 Advertisements
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Advertisement13 2007-02-06 14 THE SECOND BEST PLACE TO FIND OUT WHAT'S HOT ON THE SME SCENE.13 words
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ECONOMY WATCH
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415 2007-02-06 15 Differences over 2 protected sectors also blocking deal AP [KUALA LUMPUR] The United States and Malaysia began a fresh round of free trade talks yesterday, bogged down by differences over opening of two tightly protected sectors, and a controversy over a majorAP - 415 words
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Article, Illustration550 2007-02-06 15 But Bank Negara says it has no 'predetermined rate' for currency Bloomberg [KUALA LUMPUR] Malaysia's central bank will sell the ringgit to prevent the currency rising past 3.5 per US dollar for the next three months, drawing "a line in the sand"Bloomberg; BLOOMBERG - 550 words
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370 2007-02-06 15 [LONDON] Britain's Chancellor of the Exchequer Gordon Brown has hidden liabilities worth more than £500 billion (Ssl.s trillion), and the true size of the public debt is up to 87 per cent of GDP. more than twice the Treasury's "sustainable"370 words
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274 2007-02-06 15 AP [WASHINGTON] President George W Bush sent Congress a US$2.9 trillion spending request yesterday that seeks billions of dollars more to fight the Iraq war and tries to restrain the spiralling cost of the government's big healthcare programmes. Responding to theAP - 274 words
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Page 15 Advertisements
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Advertisement176 2007-02-06 15 NH 112 08:45 16:15 I Singapore—Tokyo NHIII 10:40 17:15 I Tokyo Singapore a^i ji<^M^HHfil^^BSSlsB!WSiß SI NH9O2 23:25 06:55+1 H Singapore —Tokyo NH9OI |7:25 00:05+1 H Tokyo Singapore nft |ggJ NK :*o*^> U y -T»f BB V*l t\/ yy^ 9 lippoft /J\v7 9 MORE EFFICIENT CONNECTIONS. 1 1 j LESS VVA/T.176 words
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MALAYSIA/INDONESIA
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Article, Illustration699 2007-02-06 16 S JAYASANKARAN - Two proposals from foreign suitors already under consideration By S JAYASANKARAN in Kuala Lumpur THE race to grab control of RHB Capital, Malaysia's fourth largest lender, may get even more crowded with the entry of yet another suitor. Bankers familiar with theFILE PHOTO - 699 words
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Article2432 2007-02-06 16 vol GamudaBhd 7.85 0.15 ***** Magna Pnma Bhd Ml •0,02 254 Qir Brancfe Bhd 3.46 0.02 505 FafeS Ml w- rooo) General Corpn 0.79 uoch 846 Magni Tetfilndus 0-81 -0 03 144 Rashid Hu*a-W09 ——<115 0 02 ***** Genting Bhd. 40.50 135 3046 Magnum 40 Bhd unch unch2,432 words
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309 2007-02-06 16 AP [KUALA LUMPUR] Saudi Arabia's Al-Rajhi Bank, the world's largest Islamic banking group, yesterday unveiled an aggressive plan to expand its operations in Malaysia to 50 branches by 2010. Al-Rajhi has set up 12 branches since it opened for business in Malaysia withAP - 309 words
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Article, Illustration391 2007-02-06 16 Reuters [JAKARTA] More than 50,000 residents in the Indonesian capital have sought treatment for conditions ranging from coughs to diarrhoea after days of floods and authorities are monitoring for more serious diseases, officials said yesterday. The flooding has displaced 340,000Reuters; AP - 391 words
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Article, Illustration738 2007-02-06 16 LAUREL TEO - INDONESIA INSIGHT LAUREL TEO Jakarta Correspondent A DAY after President Susilo Bambang Yudhoyono delivered what was supposed to be his heftiest speech of the year, heavy storms broke across Jakarta. The rampaging floods that ensued have since crippled the city and drowned out738 words
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INDIA
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445 2007-02-06 17 It's expected to put in indicative bid for global power projects by mid-Feb Economic Times [NEW DELHI] Reliance Energy, the flagship power company of the Anil Dhirubhai Ambani Group (ADAG) is set to put in its bid for the global power assets of Globeleq, anEconomic Times - 445 words
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Article, Illustration236 2007-02-06 17 AP [NEW DELHI] After gaining media attention for snapping up the US$l2.l billion European steel-maker Corns, the 69-year-old head of India's Tata business empire plans to soar to greater heights in a F-16 fighter jet. Ratan Tata, a trained pilot who heads theAP; FILE PHOTO - 236 words
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296 2007-02-06 17 Aim is to transform it into a separate profit centre Economic Times [NEW DELHI] Singaporebased Gas Authority of India (Gail) Global is set to become Gail India's overseas investment arm, similar to ONGC Videsh (OVL). which is the holding company for ONGC'sEconomic Times - 296 words
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193 2007-02-06 17 [MUMBAI] Less than a month after five fmancial institutions sold 20 per cent in the National Stock Exchange (NSE), a consortium of five stakeholders led by State Bank of India are looking to sell an 11 per cent stake in the exchange, says193 words
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157 2007-02-06 17 Reuters [BANGALORE] Wary of a repeat of deadly 1991 riots, many businesses and schools in India's technology hub of Bangalore shut early yesterday after a tribunal ruled on a centuriesold water dispute between two states. Several technology firms closed down their offices, fearing trouble.Reuters - 157 words
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Page 17 Advertisements
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Advertisement628 2007-02-06 17 NotesJ Series 3: Secured' Cnedit-linked^^^^ USD Tranche A Notes an nteresl: rate 6.50 WfW 1 per annum with a potential I Tmnehe B Notes^^^^ jj* Credit-linked to these Reference Entitijj^J Standard Chartered The Korea Development Bank HMBMHP'* il Malayan Banking Berhad SWK I 1 DBS Bank Limited IKV k 'fist-'628 words
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GREATER CHINA
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141 2007-02-06 18 Reuters [HONG KONG] China Citic Bank, the country's seventh-biggest commercial bank, plans to raise as much as US$3 billion in a Hong Kong/Shanghai dual listing in April, people familiar with the deal said yesterday. The Beijing-based lender, in which Hong Kong-listedReuters - 141 words
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Article, Illustration730 2007-02-06 18 CHINA IPOs US$2b IPO had drawn record bids; analysts see bubble brewing in financial sector Bloomberg [SHANGHAI] Shares of Industrial Bank Co soared 39 per cent yesterday in their Shanghai debut after the US$2 billion initial public offer attracted record bids from investorsBloomberg - 730 words
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376 2007-02-06 18 [HONG KONG] Simcere Pharmaceuticals, a Nan-jing-based medicine maker and CEEG Nanjing PVTech, which builds solar power equipment, plan separate initial public offerings that could raise up to US$35O million on the New York Stock Exchange this year, the South China Morning376 words
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288 2007-02-06 18 Move follows execs' breach of share sale rules AFP [SHANGHAI] China's secu- J rities regulator is tightening J its rules against insider trading by executives of state-owned listed firms, 1 state media reported yes-. terday. The tougher approach comes after some senior executivesAFP - 288 words
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266 2007-02-06 18 It will get back HK$321m deposit, plus interest, costs [HONG KONG] Sino Land Co, controlled by the family of Singapore property tycoon Ng Teng Fong, won a court riding yesterday in a hotel sale dispute with Hang Lung Group Ltd,266 words
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175 2007-02-06 18 AFP [BEIJING] US drug maker Pfizer has lost a bid to win the right to a popular Chinese translation of its male impotency drug Viagra, the Chinese High Court said on its website yesterday. Pfizer had filed a suit with the BeijingAFP - 175 words
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218 2007-02-06 18 Bloomberg [HONG KONG] Merrill Lynch Co hired Margaret Ren, the daughter-in-law of former Chinese premier Zhao Ziyang, as chairman of China investment banking after US regulators cleared the former Citigroup Inc executive of wrongdoing in the 2003 stock sale ofBloomberg - 218 words
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Advertisement21 2007-02-06 18 IYoo IPboct CZPA. To T<Jc£ li? 0 9 or 0 6uv£KM imfnsve 0 (ju*. OEM faspivt fdkffakovJ 0 C**y> rt&sACt ccjff?21 words
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Advertisement15 2007-02-06 18 Radio 91.3 is managed by AM) SPH Unionworks, a subsidiary Of Gflp Singapore Press Holdings15 words
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Advertisement134 2007-02-06 18 Bishopsgata vicinity 35,000 sqft, S22M neg. Quiet, greenery Chatsworth Rd *****sqft Elevated Cluny Hill 22,000 sqft Surrounded by greenery, rare, quiet Lasdon Pit 42,000 sqft. Surrounded by greenery, wide frontage Nassim 22,000 sqft Wide frontage Nassim ***** sqft Subdivide 3 plots Quaan Astrid Park 25,000 sqft Elevated, wide frontage Holland134 words
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MIDDLE EAST
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482 2007-02-06 19 CLARENCE MICHAEL - Gulf Arab states plan to invest US$250b in Asia, says Dubai official By CLARENCE MICHAEL in Dubai THE bulk of the US$25O billion that the Gulf Arab states plan to invest in Asia over the next five years could go to China,482 words
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423 2007-02-06 19 [DUBAI] Dubai has maintained its booming economy for the past seven years, but can it do so until 2015? "I wouldn't want to bet against this government," Steve Brice, regional head of research for Standard Chartered Bank, told the Gulf News daily. "They've done amazing423 words
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201 2007-02-06 19 Bloomberg [DUBAI] Persian Gulf states including Saudi Arabia and Kuwait, planning a monetary union in 2010, are unlikely to achieve their goals due to differences on economic convergence criteria, according to Standard Chartered. The six Gulf Cooperation Council countries have only aBloomberg - 201 words
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Page 19 Advertisements
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Advertisement375 2007-02-06 19 Diners Club Card To apply, call 6416 0980 A World of Exclusive Privileges Treats Diners Club L www.Jiners.com.sg International' B• f K. «WB IH^HE^^V b hHHHhbBk fIF 11 at ll 'I I v. /(IChef Yang Lai Fan Most Promising Chef by 1 ||B I 'la;, 4UO ■jS Hospftahty Asia Platinum375 words
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ASIA-PACIFIC
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Article2557 2007-02-06 20 UNIT TRUSTS FUNDS «***«,***USD aw wwNcPmMeohQAwo 1 .***> liss; jgassasA ;yjj s >g mn IllHtMf Ai u»wm A USO 868/ DWSNoorChmaEoa AUSO 102/ J^^ESSiS 0 U»« Co« (SOT H»»l <**>O— HH X»' iS oS CdM ri*C2»9705 ft* "".ffl f >" AgAnyi inawsuso 868/ DW5Hoc Japan Eq CI A USD 1012,557 words
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Article, Illustration710 2007-02-06 20 Court convicts him of embezzlement, other charges over slush fund scandal [SEOUL] Chung Mong Koo, Hyundai Motor chairman, was convicted yesterday of embezzlement and other charges and sentenced to three years in prison over a slush fund scandal that has weighed on theAP - 710 words
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736 2007-02-06 21 Popular secondary security check provides little protection NYT [NEW YORK] Internet security experts have long known that simple passwords do not fully defend online bank accounts from determined fraud artists. Now a study suggests that a popular secondary security measure providesNYT - 736 words
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WORLD WATCH
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Article32 2007-02-06 21 AP [LONDON] A letter bomb exploded at a London insurance office and injured one woman yesterday. The package exploded at Capital Commercial Services, an insurance mediation company.—APAP - 32 words
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54 2007-02-06 21 Reuters [MOSCOW] Russia will ban British poultry imports from today to prevent the spread of bird flu. The ban would apply to live birds, hatching eggs, poultry meat and all poultry products not subjected to thermal treatment, as well as poultry feed and equipment forReuters - 54 words
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Article86 2007-02-06 21 Reuters [LONDON] The London Stock Exchange yesterday reiterated its opposition to a hostile bid from Nasdaq Stock Market Inc, noting that valuations of trading exchanges had risen since its US rival launched its bid. The LSE said it had sent a letter to shareholdersReuters - 86 words
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45 2007-02-06 21 Reuters [LONDON] Oil retreated from a one-month high above US$59 yesterday after Nigerian unions suspended a strike in Africa's biggest producer but forecasts for a blast of cold weather in top consumer the US limited the drop. —ReutersReuters - 45 words
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56 2007-02-06 21 Bloomberg [MANILA] Ayala Land, the largest Philippine builder, said profit rose 7 per cent in 2006 to a nine-year high as sales rose to a record on demand for its residential projects. Net income rose to 3.9 billion pesos (*****.9 million) compared withBloomberg - 56 words
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33 2007-02-06 21 Reuters [MOSCOW] Russian prosecutors yesterday brought money laundering charges against Yukos oil tycoon Mikhail Khodorkovsky, who is already serving a prison term for fraud and tax evasion. —ReutersReuters - 33 words
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Article, Illustration500 2007-02-06 21 German firm IVG Immobilien will buy the award-winning glass skyscraper AP Bloomberg [ZURICH] Swiss Reinsurance Company will sell its London headquarters, a 40-storey glass skyscraper known as "The Gherkin". The company said it would sell the office building at 30 St MaryAP; Bloomberg; AFP - 500 words
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452 2007-02-06 21 Bloomberg AP [BANGKOK] The popularity of Thailand's junta-ap-pointed prime minister, Surayud Chulanont, dropped on concerns about security and the economy, while that of his ousted predecessor Thaksin Shinawatra rose, an opinion poll showed. Support for Mr Surayud fell to 48.2 per cent of 4,334 peopleBloomberg; AP - 452 words
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369 2007-02-06 21 Bloomberg [WASHINGTON] Growth at US service industries accelerated last month as companies trimmed excess inventories, a sign that increased consumer spending is bolstering economic expansion. The Institute for Supply Management said, yesterday that its index of non-manufacturing businesses increasedBloomberg - 369 words
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227 2007-02-06 21 AP Bloomberg [SYDNEY] Canada's Brookfield Asset Management has approached Multiplex about a possible stake in the Australian construction and property business company. Multiplex, which has been troubled by delays in its redevelopment of London's iconic Wembley Stadium in recent years, said in a statementAP; Bloomberg - 227 words
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245 2007-02-06 21 AFP [MANILA] The Philippine government failed for the fourth time yesterday to privatise the country's power grid when only one of three bidders made a formal offer, officials said. Philippine investment firm Citadel Holdings Inc and Terna SPA of Italy wereAFP - 245 words
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Page 20 Advertisements
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Advertisement28 2007-02-06 20 You can now use your CPF saving to invest in AllianzGI RCM Global DEFINITELY SOMETHING TO CELEBR(f I Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS 5>28 words
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Page 21 Advertisements
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Advertisement45 2007-02-06 21 m Lianhe Zaobao jg I Boosted by Macau's A| I thriving casino industry I llhMhtti'c H I AlflllllCll v HI 28 aAigmaijkialii 5 I property 11 1 niinno IE I prices |i I «mhmSII I fill 1 liter II I mnmm% I 1 1- I45 words
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AVIATION
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Article, Illustration592 2007-02-06 22 Minister pledges vigorous scrutiny of APA consortium's takeover bid AFP [SYDNEY] An Asll.l billion (5513.2 billion) takeover b?d by a private equity consortium for Qantas Airways will be subject to vigorous scrutiny to ensure the airline remains under Australian control, Treasurer Peter CostelloAFP; BLOOMBERG - 592 words
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409 2007-02-06 22 Bloomberg [LONDON] Ryanair Holdings, Europe's biggest discount carrier, raised its fullyear forecast after thirdquarter profit unexpectedly increased 30 per cent on higher fares and baggage charges. Net income rose to 47.7 million euros (5594.8 million), or 6.12 cents a share, for theBloomberg - 409 words
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259 2007-02-06 22 Bloomberg [MUMBAI] Airbus expects demand for aircraft to grow quickly in India, led by travel as well as freight traffic, and the European company said yesterday that it will look to source more materials, design and engineering services from the country. The plane maker,Bloomberg - 259 words
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Article2364 2007-02-06 22 CUT FU6HT ETA HJ6HT FTP Adelaide LH9771 1740 AF8088 2215 SQ268 1740 BA7382 2215 AF8087 1830 QF82 2215 BA7381 1830 LH9770 2350 Qf81 1830 SO269 2350 Ahm«dah«d SQ530 1930 Amsterdam L***** 0645 KL838 2315 SQ323 0645 *****2 2345 KL837 1605 SQ324 2345 AlfcoM SQ347 0545 Auckland2,364 words
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588 2007-02-06 22 [KUALA LUMPUR] Airport operator Malaysia Airports Holdings Bhd (MAHB) plans to introduce an incentive scheme for airlines in May that will include a three-year waiver of landing fees and discounts on airport tax or passenger service charge (PSC), said a report588 words
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Page 22 Miscellaneous
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Miscellaneous187 2007-02-06 22 CRYPTIC CROSSWORD ing this (3,5) Across: 1 Starting-pistol. 10 ReDOWN 9 Extra (3,2,3,5) shaping, 11 Serum, 12 Nearest, 13 2 Noted composition for spirit- 14 Denying a silly yearning (8) Addict, 15 Fast, 17 Motherland, 18 ed duet with energy (5) 16 Endorsed as a fine, resolute Lighterman, 20 Zero,187 words
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SHIPPING
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Article, Illustration250 2007-02-06 23 [SINGAPORE] SP-PSA International Port Co, a joint venture between Saigon Port and PSA Vietnam Pte Ltd, a wholly-owned subsidiary of PSA International, was granted a licence to develop a new container port in Vietnam's Ba Ria-Vung Tau province, with the view of turning250 words
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Article, Illustration610 2007-02-06 23 Bloomberg [SEOUL] South Korean shipbuilders have won huge oders to build liquefied natural gas carriers valued at U552.37 billion, as analysts forecast a tripling of global demand for LNG by 2020. Samsung Heavy Industries and Daewoo Shipbuilding Marine Engineering, two of theBloomberg; FILE PHOTO - 610 words
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215 2007-02-06 23 Bloomberg [SINGAPORE] A P Moller Maersk, Mediterranean Shipping Co and 14 other shipping lines plan to raise their rates for moving waste paper, lumber and other products to Asia from Europe as global demand grows. The 16 shipping companies, which formBloomberg - 215 words
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Article, Illustration592 2007-02-06 23 DONALD URQUHART - Container ship tolls may rise from US$49 per TEU to US$54 as of May 1 By DONALD URQUHART [SINGAPORE] The Panama Canal Authority (ACP) has proposed the first of what is likely to be a series of toll hikes for the waterway as PanamaFILE PHOTO - 592 words
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Article284 2007-02-06 23 SGX *000 Fobs SS *4- Vol Ch Offshore .0.44 -0.01 902 Chuan Hup Hldgs .033 unch 1003 CoscoCorp.Zl. .2.83 0 06 9096 Cwt Limited 0.74 -0.01 137 Ezra Hldgs 530 0.15 346 Freight Links .0.09 unch 2352 Grand Banks .0.91 0.04 56 Java Hold Ltd 150 0.01 875284 words
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357 2007-02-06 23 Bloomberg [BEIJING] China's shipbuilding .industry, the world's second-biggest by tonnage, has tripled profit margins over the past three years as yards boosted output to leapfrog South Korea for the No 1 spot. Profitability at China's largest yards, including China StateBloomberg - 357 words
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Page 23 Advertisements
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Advertisement49 2007-02-06 23 I SBk H UAII AAI CIINTFf CINftAPfMH i SHIP AND BOAT BUILDERS ENGINE/PROPULSION SYSTEM MANUFACTURERS H ,U JlnUMruni; j COUNRESS MARINE EQUIPMENT AND SERVICE SUPPLIERS February 6 8/2007 but, with so much to see, one visit surely wont be enough. iqairdl 10'-OO TO 18:00hrs j entry is free -AU49 words
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Advertisement16 2007-02-06 23 GEMINI MARINE PTE LTD 10 ADMIRALTY STREET, NORTH UNK BUILDING #01 -83. SINGAPORE *****5 Tel:+6s-*****419 Fax:+6s-*****429 />■■■■■■16 words
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EDITORIAL & OPINION
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471 2007-02-06 24 EDITORIAL THERE are increasing signs that US political and economic leaders are finally waking up to the growing in-come-inequality and social stratification, symbolised by the gigantic salaries and bonuses being paid to America's CEOs. In a speech on economic policy last week, US President George W471 words
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Article, Illustration1231 2007-02-06 24 TIAN TIAN; TIGER TONG - Beijing is set to widen QDII channels to let more domestic investors invest money overseas By TIAN TIAN and TIGER TONG CHINA'S double surplus in both its current account and its capital account has resulted in piling foreign currency reserves which by theREUTERS - 1,231 words
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Article, Illustration703 2007-02-06 24 PAUL KRUGMAN - THE BOTTOM LINE PAUL KRUGMAN ONE of the best of the many recent books about the Iraq debacle is Rajiv Chandrasekaran's Imperial Life in the Emerald City. The book tells a tale of hopes squandered in the name of politicisation and privatisation: key703 words
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Article, Illustration1574 2007-02-06 25 STEPHEN ROACH - As the IT revolution empowers developing countries, unprepared rich nations are building barriers against integration By STEPHEN ROACH There was a dramatic moment at this year's World Economic Forum in Davos that I will long remember. It came during one of the sessions on theAFP - 1,574 words
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522 2007-02-06 25 Simone Vaz Singapore - Aviva hardline stance Is it fair to customers? LETTERS TO THE EDITOR Simone Vaz Singapore 1 WRITE this as an open letter to my insurer, Aviva. There has been some discussion about my breast cancer claim to Aviva which the company has denied under the pre-existing condition clause since The522 words
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Article278 2007-02-06 25 Desmond Yen Singapore - Desmond Yen Singapore I READ with some disappointment that three new members have been appointed to the board of Neptune Orient Lines (NOL). While they seem highly qualified and bring unique experience and expertise to the Neptune board, there is one problem they are all278 words
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Page 25 Advertisements
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Advertisement373 2007-02-06 25 LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN that the undermentioned original share certificates have been reported lost or destroyed CITY DEVELOPMENTS LIMITED Name of Shareholder Certificate Not. No. Of Sharet Choo Chin Tong *****659 1 x 1,000 JARDINg CYCLE 1 CARRIAGE LIMITED Name of Shareholder Certificate Nor No. Of ShtrM373 words
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Article10260 2007-02-06 26 SGX MAINBOARD Transaction date: Feb 5 52-Wk Tal last Vol Day Last Quota Wv GrVtd Net MCap High Low Coda Compawy SaU COOP) Wgh Low »wyar Sa8ar C» W hi* 3.5 1 5716 IstSoftware 2 susp 81 115 6 3148 8Telecom 9 5 unch 287 9.5 9.5 9.510,260 words
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Page 26 Advertisements
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Advertisement35 2007-02-06 26 Trade from 20% deposit (5 x leverage) on moat 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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Article4883 2007-02-06 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local tun Hi SS m OSS &f y» tfy yr H*>2 )o6e» Change Chang* Chang* Change Clung*. Change The WorM Inde* Pretatwtary ***** OJ 37 OJ 12 0.0 2.1 i [AH Prebmmat) 1142.8 04 3.2 02 21 0.1 2.0 bmpe PreWnmaiy *****4,883 words
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Advertisement124 2007-02-06 27 Serious trading. Worldwide. [jrrg conquer global markets? 11l flQfittu 1 BtWHI Th« award-winning SAXO TRADER is now available In Singapore, diract from Scandinavia. Join HmUH traders worldwide on this Innovative multi-product trading platform featuring 160 FOREX crosses, I s i n c *p o i 21 exchanges, CFDs and futures.124 words
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Page 28 Advertisements
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Advertisement1535 2007-02-06 28 UK COMTINEWT 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. Molaysio, Indonesia E/w Malaysia, Indonesia MIDDLE-EAST SERVICE F.EVS.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 Loads1,535 words
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Advertisement450 2007-02-06 28 Wtar WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com VESSEL VOY RAMP HBCHT SIN IK MAO SAV ML ORE TARONGA AE7OS 3201 ms 6.25* 07/02 12/03 16/03 21/03 N/03 TAMESIS AF7O6 320T0.< 6.4 M IS/02 12/03 21/03 2S/03 29/03 27/03 TAMPA AF7O7 *****w 6.4 M _J27/02_ 23/03 01/04 05/04 10/0* o>/<H New Yorii450 words
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Page 29 Advertisements
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Advertisement786 2007-02-06 29 WAN HAJ INTERNATIONAL PTC LTD Nft i **********/« IifAII II 1 I I |||Pf Ti1:*****588 (14UNES) FAJL*****163 V\M 1 WAN HAI lINFS CustomerS«r*k«/BooiungjDh^crL^e-(1800)*****200 V 11V 1 PVITH:|O3)3346UBBMX: **********Mf81TH;(04)*****00FAX:|D4)229t849 V JOH TH; (07) *****23 FAX: (07)*****21 SURIB: (031) 32*5475 FAX: (031) 32*2714/ *****05 WWW wanhai torn $Q JCTTR:<O2I)S2S4IMFAX tO2I)S2S47BaPUIITR:7I63»O/71A3»l FAX:*****9 KL786 words
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Advertisement1302 2007-02-06 29 VESSEL VQY PKL I SIN I KARACHI I PXI I M I DMM UK ICHOR IRAN S ATTAR I PCI 8187 12/02 13/02 22/02 25/02 24/02 04/03 06/03 08/03 IRAN SHAHRYAR PCL 8188 19/02 20/02 01/03 04/03 05/03 11/03 13/03 15/03 IRAN BAABAEI PCL 8189 23/02 24/02 05/03 08/03 09/031,302 words
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Advertisement643 2007-02-06 29 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS YBSa I VCY I SIN I HUNG COLOMO mshw Icoiowo nouponmu rmosi 23 jam 24 jaw 27jaw jojaw Qlffl— HOWHAHW OOSW 30 JAW 31 JAM 03FB 06FB !£S HOTAPBWIHA THW97 Otfß 07FB IQFB 13FB 17FB ALSO ACCETTMC643 words
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THE BUSINESS TIMES SHIPPING TIMES
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4466 2007-02-06 30 ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ADELAIDE (ADL) 2007 Australia 18/02 09/03 China Shpg Art. TOPAZ 0025 *****898 18/02 09/03 PTDiafcarta ANl TOPAZ 1415 *****202 25/02 12/03 Austral Al CAPE DARBY 02F7 *****333 25/02 16/03 China Shpg4,466 words
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PROPERTY
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587 2007-02-06 31 Young professionals invest in rental units as retirement plan Reuters (LONDONI Rising immigration, a growing student population and high home prices have given rise to a new breed of landlord in Britain: young, professionals whose main objective is building a nest eggReuters - 587 words
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Article308 2007-02-06 31 Reuters IHONG KONG] Global lender HSBC Holdings yesterday said it was considering a proposal to sell and lease back its group headquarters in London a deal that could raise just over £1 billion (Ss3 billion). Hong Kong-based HSBC spokeswoman Vinh Tran said theReuters - 308 words
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438 2007-02-06 32 ARTHUR SIM - It is even higher than the increase in London and New York: CBRE report By ARTHUR SIM SALES of offices in Singapore have been increasing at an even faster rate than those in London or New York, says a new report.438 words
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409 2007-02-06 32 UMA SHANKARI - By UMA SHANKARI THE Singapore Land Authority (SLA) yesterday said it is offering six state properties solely for lease as offices the first time the government body has done so. The move, which is in line with the government's recent initiative to409 words
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Advertisement86 2007-02-06 31 H 37 MACTAGGART ROAD 7-storey detached factory Land area: approx. 1,525.3 sq m Gross floor area: approx. 3,902 sq m FOR SALE BYTENDER Closing: 15 March 2007, Thursday at 3pm Call Jonathan Tan RCBNo I WO 1152* lEE Debenham Tie Leung I AUCTION SALE SERANGOON ROAD Six adjoining 2-storey shophouses86 words
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Advertisement291 2007-02-06 31 The I j copthom. District 10, Lewis Road Orchid rPSfiA Land 20,662 sf SLI,OII sf S&2U Freehold, GPR 1.6,12 storeys Spore Z Q«8 Seh SCGS, ACS SJI SsSs >s 1 Potential tor 22 units x 1,500 sf apts Site EqwtxM I Closing on 14 Feb '07 (Wed), 2.30pm Sl MargarsTs291 words
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Advertisement461 2007-02-06 31 Prime residential redevelopment sites District 10 For Sale By Expression of Interest 7 Nathanvllle at Nathan Road 1 V/ /V'- 7r— Freehold a W 'J Land Area: 4,288.8 sq m f 1 M (approx. 46,164 sq ft) v\ a 1 W ft/ I Master Plan 2003: rriMrty) "Residential" at plot461 words
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Advertisement204 2007-02-06 32 Y W yjo coußTH\ s V w r cnE sce*«x> f"\ gm*° 1 i k I MOAljuniedßoa^^^^^^^^^ 45/45AMacPherson Road I Site Area: 9,806 sq ft GFA: 27,833 sq ft Current Use: Office Site Area: 10,360 sq ft GFA: 7,741 sq ft Current Use: Office Hr t H l K', 4204 words
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