The Business Times, 7 February 2007

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL27323
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    18 1 THE BUISNESS TIMES Wednesday, February 7,2007 SINGAPDRTSrcents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006
    18 words
  • Article, Illustration
    Lock icon Major organic food store in town changes hands
    618 1  -  Christina Ong's COMO group takes over Supernature By JAIME EE [SINGAPORE] The local organic food scene just got a shot of wheatgrass juice in the arm with Club 21 founder Christina Ong's takeover of one of the biggest organiQ stores in town.
    618 words
  • Article, Illustration
    Lock icon Biomed output growth tops 30% last year
    711 1  -  A*Star chief shrugs off criticism of sector's strategy and investments By CHEN HUIFEN [SINGAPORE] The biomedical sciences (BMS) industry clocked up exceptional output growth of 30.2 per cent last year to $23 billion, amid criticism of the sector's strategy and massive investments. "As
    LAU FOOK KONG/ST  -  711 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      38 1 EXEC MONEY Fbundation for financial planning PAGE 28 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http://business-times.asia 1 .com.sg. For more information, e-mail btocs@sph.com.sg orcall 6388-3838.
      38 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      10 1 TOP JOBS fib chairwoman as well Markets Digest Pag« 3
      10 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      120 1 Audi's image booster PAGE 26 COMMENTARY The key issue in postal services PAGE 4 s Invenil rt Fecit invented and made The motto of a contemporary watchmaker building his own history. M*'" r AM rBJ I Jf"'^^^B^BWMH^^f-:.-- -aifW Ml r MM. Bj Ui^ Q cy BmM m bmmmmj with tW
      120 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon S'pore real wages tipped to rise an average 2.8% this year
      694 2  -  Projected hike 12th highest in 45 locations, second after Korea in mature economies By CHUANG PECK MING [SINGAPORE] Workers in Singapore are tipped to get a fat pay rise this year. But how will their salary increases stack against
      694 words
    • Article
      Lock icon Merrill sees new homes demand outpacing supply
      741 2  -  By WEE LI-EN [SINGAPORE] Demand for new homes will outstrip supply by almost 50 per cent in the next few years, according to a Merrill Lynch report. And this means property developers will see record high project margins of 40-60 per cent in
      741 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      492 2 China, India top export markets of medium-size firms CHINA and India are the top export destinations of privately owned medium-size companies here, proving that they have been able to make inroads into the world's two fastest-growing economies. The 2007 International Business Report by consultancy firm Grant Thornton looked
      492 words
    • Article
      Lock icon India, China are tops for exports of S'pore mid-sizea firms
      614 3  -  17% of their exports go to India and 28% go to China, says survey By SLOW LI SEN [SINGAPORE] China and India are the top export destinations of privately owned medium-size companies here, proving that they have been able to
      614 words
    • Article
      Lock icon Genting may hive off non-gaming assets
      465 3  -  Conglomerate gears up to be major global gaming player By S JAYASANKARAN in Kuala Lumpur MALAYSIAN casino group Genting, which recently bagged the Sentosa integrated resort project in Singapore, may hive off its nongaming assets over the next few years to bet on its
      465 words
    • Article
      Lock icon MARKETS DIGEST
      123 3 ST Index futures MARKETS Tuesday Change KLCOMP 1,236.63 +10.90 NIKKEI 225 17,406.86 +62 06 HANG SENG 20l655.20 +199.58 SET INDEX 673.63 -0.79 JAKARTA COMP 1.761.29 -7.25 MANILA COMP 3.271,97 9.93 SEOUL COMP 1,428.58 >10.63 SHENZHEN B 492.72 +32.49 MUMBAIIND 14,478.19 -37.71 11 AMEDT Change DOW 12,650.21 -11.53 NASDAQ
      123 words
  • Page 2 Advertisements
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      122 3 5 —T" i. .y- 'r Mill IMMlirr -IJflinrT THE MOST AWARDED CAR IN AMERICAN AUTOMOTIVE HISTORY. £jjp' Bold standard 1 Highly rwpon.iv. handling mok., {or a smooth driv. An interior of fin, l«afW a «ns. of por. indulge SoppUm-ntocy fronMo-r*ar ,id.B oi*cv,< sof H Critically acclaimed. Sophisticated. Refined. Built with
      122 words
    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      2 3 Hot Ipo
      2 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article, Illustration
      Lock icon The key issue in postal liberalisation
      725 4  -  HOCK LOCK SIEW By WONG WEI KONG SO IT all boils down to who gets to hold a set of letterbox keys. That is the yardstick by which the market is judging the government's move to liberalise the basic mail services sector here and
      FILE PHOTO  -  725 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7208 4 UNIT TRUSTS FUNDS ASM Amro Asset Mgt (S'pora) Star Europe Eqty'" 1-073/ Star Europe Bond 1.171/ Star Europe W 1 -233/ Star Asian Tiger Eqty 1341/ Star Asia Bond 1-315/ Star Asia Balanced 1-106/ Star Global Technology Fund!" 0214/ Mult) St Fd 0.979/ Star Asia BontXUSD) 0.856/ ObMultiStUSO 1.159/ Asia
      7,208 words
    • Article, Illustration
      Lock icon Capita Land buys Gillman Heights for $548 million
      499 5  -  The deal will enable the group to cater to the 'high-mid' market segment Reports by KALPANA RASHIWALA SIGNALLING its confidence in prospects for the residential market outside Singapore's prime districts, Capita Land yesterday announced it has bought Gillman Heights Condominium in the
      499 words
    • Article
      Lock icon Frasers inks deal to buy Flamingo Valley for $194 m
      332 5 FRASERS Centrepoint Ltd has signed a deal to buy the freehold Flamingo Valley at Siglap Road for about $194 million through a collective sale, BT understands. This works out to about $415 psf of potential gross floor area, inclusive of
      332 words
    • Article
      Lock icon MAS fines investor $80,000 for false trading
      237 5 THE Monetary Authority of Singapore (MAS) has imposed a civil penalty of $80,000 on an investor for false trading in the shares of China Merchants Holdings (Pacific) Ltd to avoid margin calls. MAS said that on 15 trading days between Nov 23,2004 and
      237 words
    • Article
      Lock icon Monopoly loss to have limited impact on SingPost: analysts
      365 5  -  By WONG WEI KONG IT may be losing its monopoly. but Singapore Post (Sing Post) shares held up relatively well in the stock market yesterday, as analysts said the impact on its earnings will be limited. The counter closed two cents
      365 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      18 4 AllianzGI RCM Global Twin-Focus Fund NOW REVIEW your investments. Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS
      18 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      113 5 HWork your way to a at over 120 exceptional hotels in Asia Pacific Maste Between February I and April 30, 2007, simply stay at any of the following participating hotels in Asia Pacific at three different times and pay with your MasterCard card to qualify for your free weekend: Sheraton*
      113 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Untitled
      955 6 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Pawn Undi Up Down Undi Ub Down Unch Multilnd 9 6 2 0 1 0 9 7 2 Manufacturing 65 72 70 1 8 14 14 83 86 84 Commerce 35 25 20 7 6 9 42 31 29 T pt/Stor/Com ms 20
      955 words
    • Article, Illustration
      Lock icon Asian units again the favourites ahead of G-7
      960 6  -  CURRENCIES Yen's comeback hurts carry trades, but this may not last LARRY WEE Senior Correspondent ASIAN currencies have had another outstanding week ahead of this weekend's meeting of G-7 Finance Ministers in Germany, and this has allowed even the low-yield yen to
      960 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      714 6  -  Compiled by MATTHEW PHAN Allco Commercial Reit Feb 6 dose: 551.23 MERRILL LYNCH, Feb 6 INITIATING with a "buy", price objective of 551.93 per share: We are initiating coverage on Allco Commercial Reit with a "buy" rating and a 12-month price objective of 551.93 per share, which implies
      Source: Bloomberg  -  714 words
    • Article, Illustration
      Lock icon Flat day for ST Index; second-liners hold firm
      532 6  -  STOCKS R SIVANITHY Senior Correspondent NOT surprisingly, activity in the local stock market slowed down yesterday, following a tepid overnight session on Wall Street and a generally mixed day for the region. A reversal in Hong Kong, however, enabled the Straits Times
      532 words
Page thumbnail Page 7
  • COMPANY NEWS
    • Article
      Lock icon Red tape strangling innovation of CFOs: study
      552 7  -  But leading execs see importance of focusing more on business strategy Reports by MICHELLE QUAH INCREASING red tape, legal and accounting rules may well be choking off the growing innovation of chief financial officers (CFOs) around the world, says a joint study by
      552 words
    • Article
      Lock icon Yellow Pages posts $4.97 m Q3 earnings
      253 7  -  By SLOW LI SEN YELLOW Pages yesterday reported net profit of $4.97 million for its financial third quarter and $17.05 million for the nine months to Dec 31, 2006. This was helped by the completion of the distribution of the 2006/2007 edition of
      253 words
    • Article, Illustration
      Lock icon To be effective, partner finance with business
      231 7 SINGTEL'S former finance head, Chua Sock Koong, sees partnering the group's finance function with the business as the telco's next big task, following the streamlining and automation of all routine processes. "Finance cannot be effective without understanding the day-to-day challenges the business managers
      FILE PHOTO  -  231 words
    • Article
      Lock icon OCBC to set up China subsidiary by year-end
      399 8  -  It has received CBRC approval to prepare for local incorporation By CONRAD TAN OCBC Bank is likely to set up a subsidiary in China by the end of the year, after receiving approval from regulators there to prepare for local incorporation, the
      399 words
    • Article
      Lock icon Sincere's Q3 revenue up 22.9%
      358 8  -  By VINCENT WEE PREMIER watch specialist Sincere Watch yesterday reported record revenue growth of 22.9 per cent year on year in its thirdquarter results. Revenue in the OctoberDecember 2006 quarter was a robust $105.7 million, surpassing the $100 million quarterly revenue mark for the first
      358 words
    • Article
      Lock icon SIAS head calls meeting with Isetan directors
      223 8 SECURITIES Investors Association of Singapore (SIAS) chief David Gerald has called a meeting with several members of the Isetan board to discuss issues played out in the media of late. Members of the media were notified yesterday evening that a private meeting between
      223 words
    • Article
      Lock icon China Milk Q3 net profit up 34.4% to 103 m yuan
      426 8  -  By WEE LI-EN STRONG sales of bull semen helped pushed China Milk Products Group's net profit up 34.4 per cent to 103 million yuan (5520.3 million) for its third quarter ended Dec 31, 2006. Q3 revenue surged 44.2 per
      426 words
    • Article, Illustration
      Lock icon Kinergy offers 20.2 m new shares in IPO
      560 8  -  IPO WATCH By TAMARA MOHANAN KUPPUSAMY SINGAPORE-BASED electronics manufacturer Kinergy Ltd has launched an initial public offering of 20.2 million new shares at 23 cents each. Additionally,' the Sesdaq-bound company will be selling 12.8 million shares, representing 10 per cent of its
      ARTHUR LEE  -  560 words
    • Article
      Lock icon COMPANY BRIEFS
      366 8 China Enersave profit up four times CHINA Enersave's net profit for the full year ended Dec 31,2006, more than quadrupled to $4.76 million from $1.1 million on the back of a 45 per cent gain in revenue to $26.7 million. Revenue growth was driven mainly by the strong
      366 words
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      63 7 ardwareZone www.hardwarezone.com® handy Mobile-Phone Price Guide is all you need. With a click of your mouse, even details like Operator Contracts and Phone Plans will be at your fingertips. So log in now for the best Mobile-Phone Prices! I*2 -fco 5G*****.0U *ox4Bo 3ll«v-20Q? oo Cam) 5GD298.00 f c/N*3 *K*») Oi-fca»~2QO?
      63 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      126 7 I When your business is going places, you need a guide. Amlnvestment Bank Group is the leading investment banking house in Malaysia. As a full-fledged investment bank with a proven track record, our success with clients is constantly headlined in ground-breaking deals and awards. Wherever you aim to capture the
      126 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      955 8 I o I novena oorwurwr MM»y% group NOVENA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****7300 M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Novena Holdings Limited (the "Company") will be held on 26 February 2007 at 12.00
      955 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      2 8 Score Card
      2 words
Page thumbnail Page 9
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Small charities face limited resources: poll
      421 9  -  Special events were considered the most successful fundraising method By JANICE HENG ALMOST half the Institutions of a Public Character (IPCs) in Singapore receive less than $500,000 a year, and one of the biggest problems they face is that of limited resources. These were
      Source:NVPC survey  -  421 words
    • Article
      Lock icon Hotel investment market tops $1.5b in 2006
      354 9  -  By ARTHUR SIM THE Singapore hotel investment market set an all-time record high in 2006 with seven hotel-related transactions topping $1.5 billion. Jones Lang LaSalle (JLL) Hotels' managing director (Asia) Scott Hetherington said: "Singapore is undoubtedly one of the hottest hotel investment markets
      354 words
    • Article
      Lock icon Regulations for medical devices to be implemented
      284 9  -  By VINCENT WEE THE increasing use of medical devices and the lack of legislation to regulate it is behind the proposed Health Products (Medical Devices) Regulations. The Health Sciences Authority (HSA) is inviting feedback from the medical device industry, healthcare professionals, consumers and
      284 words
    • Article, Illustration
      Lock icon Waterway face-lift: 20 projects identified
      333 9  -  By CHUANG PECK MING THE PUB has identified more than 20 projects in its move to give a major facelift to Singapore's rivers, canals and reservoirs in the next five years. The projects, aimed to add more life and beauty to Singapore's waterways, will be
      PUB  -  333 words
    • Article, Illustration
      Lock icon GE posts 38% rise in revenue to US$727m
      408 10  -  MNCs IN SINGAPORE Its total SE-Asia revenue increased from US$2.5b in '05 to US$3bfor '06 By BENITA AW YEONG GENERAL Electric Singapore (GE), which has reported a 38 per cent rise in revenue growth to US$727 million in 2006 from the previous
      408 words
    • Article
      Lock icon ExxonMobil closer to US$4b plant decision
      376 10  -  By RONNIE LIM OIL titan ExxonMobil is nearer making a final decision expected mid-year on a second petrochemical complex here, expected to cost US$4 billion, or double its existing plant on Jurong Island. Among a spate of upcoming construction tenders is that for the
      376 words
    • Article
      Lock icon MOM slaps labour freeze on builder Greatearth
      367 10  -  Safety violations lead to curbs on foreign workers By JANICE HENG THE Ministry of Manpower (MOM) has frozen the manyear entitlement (MYE) for two Greatearth Construction sites after repeated safety violations. The freeze, effective from September last year, means Greatearth and its sub-contractors
      367 words
    • Article
      Lock icon SINGAPORE ROUNDUP
      137 10 Indian delegation calls on SM Goh A DELEGATION from the Indian Administrative Reforms Commission led by M Veerappa Moily called on Senior Minister Goh Chok Tong at the Istana yesterday afternoon. The commission, which is studying various areas of governance reforms in India, sought SM Goh's views on
      137 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      166 9 Trade in your PDA or mobile phone for a dopodCBoo And have everything you need for work and more 9i Encasing a slide-out keyboard within its sleek body, the CBOO offers full QWERTY functionality, you can access Word/ Excel/ PowerPoint and PDF documents, Sm Synchronise content and manage music, Mobile
      166 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      356 10 solid foundations and 5%)p.a. Ja t every mont ls jjp^^ IS #^k y* &v .if- a Credit-linked to some of the world's largest financial institutions: Barclays Bank Citigroup Deutsche Bank Goldman Sachs ÜBS United Overseas Bank C .J. Other important information The Base Prospectus dated 30 March 2006, and the
      356 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      2 10 Good Gains
      2 words
Page thumbnail Page 11
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Bush eyes cuts to domestic spending
      516 11 Budget aimed at balance in 5 years, while raising defence funding LATWP [WASHINGTON] President Bush took aim Monday at domestic spending as part of a plan to balance the budget in five years without raising taxes while increasing funding for the Iraq war and
      LATWP; AP  -  516 words
    • Article
      Lock icon Bank Negara 'very pleased' with ringgit's performance
      222 11 Reuters [KUALA LUMPUR] Malaysia's central bank chief said yesterday she was "very pleased" with the orderly performance of the ringgit and that the currency, which hit a nine-year high earlier against the dollar, was not hurting exporters. "So far we've been very pleased
      Reuters  -  222 words
    • Article
      Lock icon US defence request the largest since 1980s
      388 11 The Washington Post [WASHINGTON] President Bush's defence budget request of U*****.4 billion an 11 per cent boost over last year pushes US defence spending to levels not seen since the Reagan-era buildup of the 1980s. In addition, the president is requesting a projected
      The Washington Post  -  388 words
    • Article
      Lock icon Indonesia's key rate cut to 9.25%
      257 11 Central bank optimistic on inflation target Reuters [JAKARTA] Indonesia's central bank cut its key interest rate yesterday by 25 basis points to 9.25 per cent as expected the ninth reduction in less than a year after annual inflation eased in January. In a Reuters
      Reuters  -  257 words
  • Page 11 Advertisements
Page thumbnail Page 12
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indon flood losses may surge to 4.11 rupiah
      624 12  -  Govt estimate covers disruption to economic activities, public services By LAUREL TEO in Jakarta FIVE days into one of Jakarta's worst floods in recent memory, total economic losses could have climbed to 4.1 trillion rupiah (***** million), according to initial government estimates.
      AP  -  624 words
    • Article
      Lock icon South Johor land-linked stocks up on ME interest
      339 12 [PETALING JAYA) Shares of companies with land in south Johor rose in active trading in the past two days amid market talk of interest in land purchases by Middle Eastern investors, and as condominium prices in Singapore set record prices week after
      339 words
    • BRIEFLY ASIA
      • Article
        Lock icon China unhappy with results of property controls
        124 12 AFP [BEIJING] The Chinese government is unhappy with the results of measures introduced to control the property market, a newspaper said yesterday. Although measures to rein in property investments have been in place since 2003, the real estate market still shows no sign
        AFP  -  124 words
      • Article
        Lock icon Sonia Gandhi sounds alarm over foreign retailers
        66 12 AFP [NEW DELHI) Ruling Congress party chief Sonia Gandhi has sounded the alarm over fears that letting giant foreign retailers into India could drive small "mom-and-pop" stores out of business, reports said yesterday. In a letter to Prime Minister Manmohan Singh, Ms Gandhi
        AFP  -  66 words
      • Article
        Lock icon Chongqing City Commercial Bank to launch IPO in HK
        87 12 Reuters [SHANGHAI/HONG KONG1 Chinas Chongqing City Commercial Bank, in which US private equity giant Carlyle Group is buying a stake, plans an initial public offering (IPO) in Hong Kong later this year worth hundreds of millions of dollars, sources familiar with
        Reuters  -  87 words
    • Article
      Lock icon BURSA MALAYSIA
      2546 12 VOL Feb 6 KM W- COOP) A tfM Realty 1.43 0 04 26 Afaric Bhd .0.33 unch 63 Acp Industries 1.61 -0.02 550 Advance Synergy .028 0.01 4056 Adventa Bhd .0.83 -0.01 77 Ae Multi Hldgs .0.36 0.01 60 Affin Holdings .207 0.11 ***** Ahmad ZakiResou 2.58 -0.02
      2,546 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      36 12 •J**" I qS |F WL Vj W a M pki Sti &SyE Ij Wljlmm iJ 111 PjH AN E-MARKETPLACE BROUGHT TO YOU BY CATS-CLASSIFIED, SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL 1800-289 9988 (OFFICE HOURS). MP %,'Lg,
      36 words
Page thumbnail Page 13
  • INDIA
    • Article, Illustration
      Lock icon India's SEZs draw more critics than fans
      731 13 Farmers protest against giving up land, most projects put on hold Reuters [NEW DELHI] From the IMF to Maoist rebels, from Hindu nationalists to the country's own finance minister, India's mad dash to revitalise industry through Special Economic Zones (SEZs) has generated an
      Reuters; AFP  -  731 words
    • Article, Illustration
      Lock icon PepsiCo CEO to be company's chairwoman too
      412 13 AP [NEW YORK] PepsiCo Inc said on Monday that chief executive Indra K Nooyi will assume the additional title of chairwoman of the soft drink and snack food company. As its CEO, she was already one of the highestranked women leaders in corporate
      AP  -  412 words
    • Article
      Lock icon Bharti virtual calling cards could trigger tariff wars
      407 13 Cards targeted at countries with big NRI populations Economic Times [NEW DELHI] The country's largest mobile operator Bharti Airtel, in which Singapore Telecommunication has a 30.8 per cent stake, is all set to kick off a series of tariff wars abroad in
      Economic Times  -  407 words
    • Article
      Lock icon Tata Power among firms eyeing Globeleq's assets
      183 13 Reuters [MUMBAI] Indian utility Tata Power Co Ltd and two other firms have joined the race to bid for the global assets of British power investment company Globeleq, three newspapers reported yesterday. "We are evaluating all the assets. Depending on what is attractive
      Reuters  -  183 words
  • Page 13 Advertisements
Page thumbnail Page 14
  • GREATER CHINA
    • Article, Illustration
      Lock icon China market overheated from influx of funds
      297 14 Reuters, AP [BEIJING! China's stock market is overheated from an influx of domestic and overseas funds, a leading politician said in an article published yesterday. Cheng Siwei, a vicechairman of the standing committee of the National People's Congress, writes in the official Financial
      Reuters, AP  -  297 words
    • Article
      Lock icon HKMA seeks settling of stock trading in yuan
      389 14 Move attributed to potential flurry of mainland firms listing in HK IHONG KONG) The Hong Kong Monetary Authority (HKMA) hopes stock trading in the local exchange may be settled with yuan in the future, a move that would enhance the development of
      389 words
    • Article, Illustration
      Lock icon Lenovo halts trading after stock falls on IBM sale
      474 14 Bloomberg (BEIJING] Lenovo Group Ltd, the world's thirdbiggest personal computer (PC) maker, halted stock trading after a sale by International Business Machines Corp (IBM) triggered a 7 per cent decline in the shares. Lenovo's stock fell to HK$3.2O at 10.16 am
      Bloomberg; Source: Bloomberg  -  474 words
    • Article
      Lock icon Agriculture Bank aims to IPO in 2008
      279 14 Source says bank will choose dual listing in Shanghai and Hong Kong AFP [BEIJING] The Agriculture Bank of China, the country's fourth-largest lender, is aiming to go public in 2008, state media reported yesterday. While the exact time and place have not been
      AFP  -  279 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      223 14 Asia One Business focus: I I ID a "l 1 tj?/*" 'j 1 1 j. l fl M. 'ii^r ih»3MI ,«M«MaMMP' pwtrwwwg^ Tackling, two battles U>w?or. «s u /*a Carm<2* Chong Look out for this fortnightly series at Asia One Business today and every M ■J'™ other Wednesday. be the
      223 words
Page thumbnail Page 15
  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Mixed results from Japan giants
      554 15  -  Performances by Toyota, ANA outshine Nissan, Japan Airlines By ANTHONY ROWLEY in Tokyo YESTERDAY provided a study in corporate contrasts in Japan, as automaker Toyota reported a strong rise in third-quarter profit after rival Nissan last week announced a big drop in profit. Japan Airlines
      BLOOMBERG  -  554 words
    • Article
      Lock icon Porsche is a luxury; Merc, BMW aren't?
      374 15 Reuters [PARIS] People's ideas of what constitutes luxury vary from caviar to fast cars to a handbag costing over 70,000 euros (*****,900). The same goes in the world of finance, where luxury fund managers take a wide view on what is a high-end
      Reuters  -  374 words
    • Article, Illustration
      Lock icon Liverpool board accepts American bid
      437 15 It'll be 3rd Premier League club owned by Americans AP [LIVERPOOL] Liverpool is close to becoming the third Premier League club owned by Americans. The storied English soccer club yesterday recommended that its shareholders accept a takeover bid from American businessmen George Gillett Jr And
      AP; AFP  -  437 words
    • Article
      Lock icon Las Vegas Sands Q4 profit up 3.3%
      443 15 AP [LAS VEGAS] Las Vegas Sands Corp, the casino company run by billionaire Sheldon Adelson, said that fourth-quarter profit rose 3.3 per cent from a year ago on increased revenue in Macau and Las Vegas. However, its stock price fell after the company
      AP  -  443 words
    • WORLD WATCH
      • Article
        Lock icon Another letter bomb goes off in England
        72 15 Bloomberg [LONDON] A second letter bomb exploded at a business address injuring two people in Wokingham in the central English county of Berkshire, police said yesterday. The "small explosion" happened at the Oaklands Business Center at 9 am, Thames Valley Police said. On
        Bloomberg  -  72 words
      • Article
        Lock icon IBM chief gets US$5m for meeting targets
        82 15 Bloomberg [NEW YORK] IBM said chief executive Samuel Palmisano met the company's goals in 2006 and that it will pay him US$5 million in cash as a reward. The incentive was in addition to a salary of US$1.8 million, a spokesman said. Mr
        Bloomberg  -  82 words
      • Article
        Lock icon Nasdaq gets SEC nod to raise fees
        70 15 Bloomberg [NEW YORK] Nasdaq Stock Market won US regulatory approval to raise fees and offer more services to the 3,200 companies listed on the all-electronic exchange. Higher fees are effective as of Jan 1, Nasdaq said on Monday. The decision by the US
        Bloomberg  -  70 words
      • Article
        Lock icon Hasbro recalls toys due to burn hazard
        70 15 Bloomberg [NEW YORK] Toymaker Hasbro is recalling 985,000 Easy-Bake ovens because of the risk of injury or burns to children playing with the toy. The recall is being done in conjunction with the Consumer Product Safety Commission. "Young children can insert their hands
        Bloomberg  -  70 words
    • Article
      Lock icon Blackstone raises Equity Office bid to US$39b
      318 15 Bloomberg [NEW YORK] Blackstone Group has raised its cash offer for Equity Office Properties Trust to US$39 billion to fend off rival bidder Vornado Realty Trust a day before shareholders vote on what would be the largestever leveraged buyout. New York-based Blackstone yesterday
      Bloomberg  -  318 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      352 15 s East Gate EASTGATE TECHNOLOGY LIMITED Incorporated in the Republic of Singapore Company Registration Number: *****5519R NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of EASTGATE TECHNOLOGY LIMITED (the "Company") will be held on 26 February 2007 at 20 Tampines Street 92, Singapore *****5
      352 words
Page thumbnail Page 16
  • AVIATION
    • Article, Illustration
      Lock icon Bangkok to reopen old airport in about 6 weeks
      534 16 Cabinet move will see international flights split between 2 air hubs AFP [BANGKOK] Thailand's ar-my-installed government announced yesterday that it will reopen Bangkok's shuttered Don Muang airport after a series of problems emerged at its sparkling new air hub. "The Cabinet
      AFP; REUTERS  -  534 words
    • Article, Illustration
      Lock icon Fund manager urges Canberra to free routes
      599 16  -  Qantas should not be protected if it's a commercial entity By VEN SREENIVASAN [SINGAPORE] One of Australia's most respected fund managers, who also owns shares in Singapore Airlines, has called on the Australian government to allow the Singapore carrier to fly the Pacific
      AFP  -  599 words
    • Article
      Lock icon India may allow building airports on private lands
      326 16 [NEW DELHI] In a move to overcome hurdles in acquiring land for airport projects, the Indian government is planning to allow private players to build airports on their own land, says a report in Business Standard. "To increase connectivity, the government will
      326 words
    • Article
      Lock icon United pays off USs972m of debt, refinances US$2b
      227 16 Bloomberg [DALLAS] UAL Corp's United Airlines says it has paid off US$972 million of the borrowings it used to exit bankruptcy and refinanced the remaining US$2 billion, reducing interest costs. The new financing will save about US$70 million a year before taxes,
      Bloomberg  -  227 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2259 16 CITY FUCMT ETA FU6HT FTP AbaObabi SQ456 1300 Adalaida LH9771 1740 LH9770 2350 SO268 1740 SQ269 2350 Abmadlfcad SQ531 0745 Amsterdam L***** 0645 KL838 2315 SQ323 0645 L***** 2345 KL837 1605 SQ324 2345 Auckland EK433 0130 &Q281 0650 UL2433 0130 NZ4385 2100 SO282 0630 SQ285 2100
      2,259 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      161 16 CRYPTIC CROSSWORD DOWN 1 Party admitting Northern Ire- useless food (10) YESTERDAY'S SOLUTION land exile (6) 15 Move to Iran perhaps, at re- Across: 1 George Cross, 10 Ayu, 2 Sleep around raising gasp (6) gime change (8) 11 Getting on, 12 Keep right, 13 3 Struggle with Sunday Ex-
      161 words
Page thumbnail Page 17
  • SHIPPING
    • Article
      Lock icon Get real on minimum manning
      843 17  -  STRAIT TALK By DAVID HUGHES AS A RULE, the statements coming from the International Shipping Federation (ISF) are well thought out and sensible. Just before last month's meeting of a key International Maritime Organisation (1MO) committee meeting, ISF said something which was neither of these
      843 words
    • Article, Illustration
      Lock icon Shipping downturn bottoming out
      791 17  -  Credit Suisse sees cyclical upturn by 2008, with 5% rise in freight rates By DONALD URQUHART [SINGAPORE] The downturn in the global container shipping sector has nearly bottomed out with the start of a cyclical upturn expected by 2008 bringing with it a 5 per cent
      BLOOMBERG  -  791 words
    • Article
      Lock icon TRANSPORT STOCKS
      298 17 SGX '000 Hfct St *1- Vol Oi Offshore 044 unth 549 Oiuan Hup Hldqs 033 until 474 CoscoCorp 293 0.10 ***** CwT Limited 0.75 0.01 493 Ezra Hldgs 525 -0 05 195 Freight Links 0.09 unth 1070 Grand Banks 096 0 05 102 Java Hold Ltd 1.53 0
      298 words
    • Article
      Lock icon Royal Caribbean posts US$46.6m Q4 earnings
      347 17 Largest cruise ship Freedom of the Seas helps lift profit Bloomberg [NEW YORK] Royal Caribbean Cruises, the world's second-largest cruise operator. posted its first fourthquarter profit since 2002 on revenue from its Freedom of the Seas ship. The company forecast first-quarter profit that trailed
      Bloomberg  -  347 words
    • Article
      Lock icon PSA Int'l signs accord to run Pakistan port
      198 17 [SINGAPORE] PSA International announced yesterday the signing of a 40-year concession agreement to run Pakistan's China-built multi-purpose port at Gwadar, confirming several earlier media reports about the deal. PSA teamed up with Pakistan's Aqeel Karim Dhedhi Group in the port investment, for
      198 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      160 17 TUVALU SHIP REGISTRY o QJJALITY SERVICE QUALITY F LAG 1. Low taxes 5. Worldwide network of surveyors 2. Agreements with lACS members 6. No restriction on nationality of ownership on surveys and issuance of 7 Tuva u ja a party to STCW 1987 convention statutory certificates a# ama nded, and
      160 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      166 17 According to the provisions of the ministerial order no. *****/ MINT of July 11, 2006 of the Republic of Cameroon, all cargo with the destination to Cameroon must be covered by a validated ECTN (Electronic Cargo Tracking Note). All parties can obtain information regarding the ECTN from the authorized agents
      166 words
Page thumbnail Page 18
  • EDITORIAL & OPINION
    • Article
      Lock icon Avian flu danger to travel industry
      490 18 EDITORIAL COULD the global aviation industry be hit by another Severe Acute Respiratory Syndrome-like pandemic, only this time worse? This possibility cannot be discounted as the deadly HSNI strain of Avian flu continues to spread around the world. Over the past week, some 170,000
      490 words
    • Article, Illustration
      Lock icon Listen to the foxes, not hedgehogs, on Iraq
      1600 18  -  Political pundits get it wrong not because of what they think but because of how they think LEON HADAR Washington Correspondent I HAVE read the report on and parts of the (declassified) text of the National Intelligence Estimate (NIE) on Iraq's future,
      AP  -  1,600 words
    • Article, Illustration
      Lock icon A hint of sleaze that wafts from Downing St
      748 18  -  THE BOTTOM LINE NEIL BEHRMANN London Correspondent TONY Blair originally wanted to retire as British Prime Minister sometime in the summer. Instead he could be forced to leave earlier under a dense cloud of alleged corruption. Despite the power of Mr
      748 words
    • Article, Illustration
      Lock icon Fears linger over an arms race in space
      1426 19  -  Debate on an anti-satellite weapons race revives as powers widen their space presence By MICHAEL RICHARDSON China's recent test of a new anti-satellite weapon has raised questions about the continued development of the space economy. While there is an important military and
      AP  -  1,426 words
    • Article
      Lock icon Better to help older workers keep working
      300 19  -  LETTERS TO THE EDITOR Jean Tan Director. Corporate Communications for Permanent Secretary Ministry of Manpower THIS refers to the letter "Review phasing out 50 per cent CPF withdrawal" by Leong Sze Hian (BT, Jan 25). The CPF Minimum Sum is meant to provide
      300 words
    • Article
      Lock icon IR operators aware of social safeguards
      237 19  -  Margaret Teo Director. Integrated Resorts Singapore Tourism Board I REFER to Lu Keehong's letter "Give IRs More Leeway to Succeed" (RT, 31 Jan 2007) and would like to thank him for his feedback. The Casino Control Act was enacted in February 2006 following extensive
      237 words
    • Article
      Lock icon Keeping shareholders informed crucial
      147 19  -  Lawrence Kwan I REFER to the article "Tougher Stance by Minorities Useful Too" (BT, Feb 6). One other perspective which Isetan's board should have considered is to keep shareholders informed of what they are doing to address the tax credit issue. Guideline 14.1 of the Code
      147 words
    • Article
      Lock icon Debris from target practices in the final frontier
      855 19  -  By MICHAEL KREPON LAT-WP THEY warn us of approaching storms. They allow us to make emergency phone calls on mobile phones. They're the digital conveyor belt for global commerce. They help police and ambulances reach their destinations when every minute counts. And
      LAT-WP  -  855 words
Page thumbnail Page 19
Page thumbnail Page 20
  • Article
    Lock icon SINGAPORE STOCKS
    9339 20 SGX MAINBOARD Transaction date: Feb 6 52 WV TH Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale C000) High Low Buyer Sailer Cvr PIE Smil ,n I JSKST zzzzzzzzzzis S58. 356 >6 4, i 34 S 22 *>834 A Son< 29 5
    9,339 words
  • Page 20 Advertisements
Page thumbnail Page 21
  • Article
    Lock icon FINANCE & COMMODITIES
    5672 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local our in Si In IBJ dy dy H yr dy %yr Feb 5 Intte* Change Change Change Change Chang* Change Worttlnde* Preliminary 1129.T 07 26 03 19 -07 19 «fAft Prenminaiy ***** 03 29 0.5 16 -04 16 [orope p retim*iarj
    5,672 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      61 21 Phillip Futures' 24-hour m m Energy Commodity Desk M -Tr*".J |«p hm j nCan j ta provides you with advice on hedging techniques, superior client service M lII*I »Oi and timely order execution. Your Partner In Finance For more details, visit www.phillipfutures.com.sg or call us at 6531 1509. M Brought
      61 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      1624 22 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN XU CHANG HAI /e MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Molaysio, Indonesia E /w Indonesia MIDDLE-EAST SERVICE F.EJS.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. Molaysio, Indonesia Loads
      1,624 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      685 22 IINTiRASIA ROUP SlitVlCi vßsa/vor mmkt) hbghtw wg raj to sw *t STRAITS EXPRESS 3 30 4 02/02 04/02 08/02 11/02 13/02 STRAITS EXPRESS 4 30 4 02/03 04/03 08/03 11/03 13/03 STRAITS EXPRESS S 30 4 08/03 "/03 13/03 lauitrauan roro sirvici 1 VKSa/VOY RAMPffT) HBGHTW 13 Si W SYP
      685 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      1521 23 WAN HAI INTERNATIONAL PTE LTD at NO: **********0/* T1L*****588 (14LINES) FAX:*****163 \\M\\AIAIJ II Al I IMFC Customer Service/Bookings Dkact Um (1800) *****200 Ml VVMII rIHI LlllLJ ftt TH; 103) 3346(818 RUL (03) *****788 PHI IB: (04) *****00 PAX: (04)22H494 V.— JOHTH: (07) 251*923 FAX: (07)*****21 9ft IH; 1031) *****75 Ml
      1,521 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 2
      1421 23 ]fri EASTERN CAR LINER, LTD V 1 SPECIALIZE IN RORO A HEAVY UFT UPTO 450 TOWS INTRA-ASIA SHVtd VOY Romp Ltfttaj SIN Iff PKL(N) P«1(W) PNN JKT SUt LP Ml«l »TII lATANGAS EISHUN '"IT >0 02/02 1 rTTra 01/01 Mkibm n VT WBT _1M? u jgEjjjACE 34 30 11/0? IVM
      1,421 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 3
      800 23 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS «ssa ¥0Y 1 sm I nuw6 coiomio usheva Icoiotao KOIA rtItWIKA ttWOW o?FB SLBI Llifl llfil ItSi MUM 818 MFB 14 fB Ilia Ml 215!— Mm I OOtW Mfß I ?IFB 24F8 27f8 03IW ALSO ACQPTMG FQ
      800 words
Page thumbnail Page 24
  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUISNESS TIMES SHIPPING GUIDE EXPORT
      6206 24 ii inrrniiTi inin ETA ETA Advcrtacr Vessel Voyage Telephone SIN Desfn Name Nam* Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 15/02 19/03 Drtnas VERONKXIE DELMAS 709W *****344 16/02 25/03 Delmas NALA DELMAS 710W *****344 16/02 26/03 Delmas NALA DELMAS 710W *****344 28/02 02/04
      6,206 words
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      565 24 VESSEL VOY PKL SIN KARACHI DXB BAB DMM BIK KHOR IRAN SATTARI PCI 8187 12/02 13/02 22/02 25/02 26/02 04/03 06/03 08/03 IRAN SHAHRYAR PCI 8188 19/02 20/02 01/03 04/03 OS/03 11/03 13/03 13/03 IRAN BAABAII PCI 8189 23/02 24/02 05/03 08/03 09/03 13/03 17/03 19/03 Vtssa VOT SIN MHAVA
      565 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      391 24 "7'" a AIAKJAYA? CTSSU 5775? ***** Fit lINTA# TO? WVI wM -RSTOK rans wm wm mm TOT im tUllMk IW4H 10/53 11/8? —-a —«w— fflw {k sTralT PAt BUM! F***** VTM N7H FAiUNGU 537? 1175? T175? Si 1 SSI IJgIJJgIMI 1 i I g^ni c UIB MWTtiiT. "ftoi H/M M/ot
      391 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 3
      309 24 IfML glory navigation group! I( SING 1970 I OWNS A OPERATES THE YOUNGEST FLEET j WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS I m REGULAR WEEKLY SERVICES: m IKAOHSIUNO A CHINESE PORTS, HONG KONG TO A FROM I SOUTHEAST ASIA J SMGAPORI HUP WOO*
      309 words
Page thumbnail Page 25
Page thumbnail Page 26
  • MOTORING
    • Article, Illustration
      Lock icon R8 is Audi's image booster
      678 26  -  Racy, high performance model also fills strategic market gap By SAMUEL EE THE R8 is Audi's first highperformance sports car, and it not only fills a strategic gap in the current lineup but is also an important halo model for the fast-grow-ing premium brand. "The
      678 words
    • Article, Illustration
      Lock icon VW to spend $2m on showroom renovation
      537 26  -  By SAMUEL EE VOLKSWAGEN Group Singapore (VGS) will spend $2 million to renovate the Volkswagen (VW) showroom and offices on Alexandra Road, after shelling out an additional "similar amount" to take over the existing stock and equipment from former dealer Car Cars Pte
      ARTHUR LEE  -  537 words
  • Page 26 Advertisements
Page thumbnail Page 27
  • EXECUTIVE MONEY
    • Article
      Lock icon Stocks aren't cheap without the big caps
      947 27  -  Actual number of stocks trading on attractive valuations are few and far between By MICHAEL SESIT Bloomberg mpm HREE suppositions guide the market today: investors want cheap stocks; fund managers think equities are undervalued; and asset overseers remain convinced that shares of the
      Bloomberg  -  947 words
    • Article
      Lock icon Japanese small caps set to soar
      569 27 Reuters [TOKYO] After a dismal showing in 2006, the smallest of Japanese small-cap stocks are poised to outperform this year due to their low valuations and relatively high earnings growth, an investment fund adviser said. Japanese small caps took a beating in 2006 after
      Reuters  -  569 words
    • Article, Illustration
      Lock icon Laying the foundation for the 4 Pillars
      994 28  -  MONEY MATTERS Four factors need to be considered in the financial planning of every individual for the social model to be viable ROY VARGHESE IN November 2006 the government announced its strategy of the 4 Pillars as a social model. These pillars are
      ST photo Illustration; Source:CPS Board Website  -  994 words
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      478 27 > •.<• v' 4 AN AUSPICIOUS POOL OF FUNDS WITH INFINITE OPPORTUNITIES. Vr^.--y-'Z r tßP™ 4^ 1 ;<p %JpiwpHn| j;/.^;/!-: MB itJ |n L ip| vj fy/ffit&'-'JmKm L. P mtH* w 4M ty/;C&- I'-:1 g A BI %/4m *^w^t -1 jV *> ')M t V J f CELEBR (f a
      478 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      347 28 WM NANYANG (\Jr TECHNOLOGICAL UNIVERSITY Nanyang Business School ivo At The Cutting-Edge Of Asian Executive Education FINANCIAL MANAGEMENT SERIES Finance for Nonfinancial Managers P 23 24 April 20 21 September 2007 4 Corporate Finance: Enhancing Shareholders Value P 22 23 March 18 19 October 2007 O Ho Kim Wai Nilanjan
      347 words
    • Advertisement
      Lock icon Page 28 Advertisements Column 2
      12 28 Stocks cheap? Not without the big caps -s Q PAGE 27 lo
      12 words