The Business Times, 8 February 2007

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

Total Pages: 31
1 32 The Business Times
  • 20 1 The Business Times Thursday, February 8,2007 MICA (P) 202/12/2006 online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE 85 cents
    20 words
  • Genting and Sands start IR headhunt
    • 539 1 Kelly Services, said: "For the startup, it would be important to fill the positions for the senior leaders to decide the structure of the organisation." Anticipating that there could be some level of job hopping or poaching in the future, he added: "Many players in the service industry anticipate that
      539 words
  • 145 1 sn 3,236.60 (+13.35) ST INDEX FUTURES 3,240.00 (+12.00) SIMSCI 395.58 (+1.84) SIMSCI FUTURES 397.00 (+2.90) MARKETS Wednesday Change KLCOMP 1.243.57 *6.94 NIKKEI 225 17.292.32 -114 54 HANG SENG 20,***** +24 49 SET INDEX 675.33 +1 70 JAKARTA COMP 1,764.91 +3.62 MANILA COMP 3.232 39 -39.58 SEOUL COMP 1.426.29
    145 words
  • 544 1  -  Economists expect downtrend to continue this year By DANIEL BUENAS [SINGAPORE] Singapore's strong job creation and economic performance last year has pushed the number of petitions for bankruptcy to the lowest level since 2000, and economists expect the trend to continue this year. The latest
    Source: MinLaw  -  544 words
  • Page 1 Advertisements

  • TOP STORIES
    • 635 2  -  'Marking the dose' considered a form of manipulative trading, says regulator By WONG WEI KONG [SINGAPORE] Market players who engage in windowdressing a common practice in which stocks are bought at higher prices to pad the performance of a portfolio could run the
      FILE PHOTO  -  635 words
    • 246 2 AFP [KUALA LUMPUR] A former senior Malaysian politician has been ordered to pay debts of more than US$2 million that he ran up at a British casino, according to reports yesterday. Osu Sukam, once a federal minister, chalked up the debt when the
      AFP  -  246 words
    • 331 2  -  Ministry: progress in Indon talks but some issues remain By VINCENT WEE SINGAPORE has expressed surprise at Indonesian media reports that suggested the two countries have moved closer to signing an extradition treaty. "I am a little puzzled. There has indeed been progress in the
      331 words
    • 691 2 'Growth coming from all sides'for ABNAmro ABN Amro Bank is set to repeat last year's sizzling pace of expansion. After a strong 2006, the oldest bank in Singapore needs to hire 250 more staff to augment the current 1,250 headcount as it projects revenues to rise by yet
      691 words
    • 111 3 Bloomberg [GENEVA] Moevenpick Holding AG, which manages hotels in Europe, Asia and the Middle East, plans to develop a new resort with Maxz Universal Development Group on Sentosa Island in Singapore. The resort, based around a *****-era, colonial-style building, will have 186 rooms when
      Bloomberg  -  111 words
    • 195 3 Reuters [LONDON] Swiss bank ÜBS Investment Bank said yesterday it had set up a new agriculturals team within its commodities business. "The agriculturals team will focus on the provision of risk management solutions in soft commodities, grains and fibres to institutional
      Reuters  -  195 words
    • 674 3  -  ABN Amro to raise headcount as it projects 20% revenue rise By SLOW LI SEN (SINGAPORE! Dutchowned ABN Amro Bank is set to repeat last year's sizzling pace of expansion. After a strong 2006, the oldest bank in Singapore needs to hire
      Source: Bloomberg  -  674 words
    • 308 3  -  By YEN MENG JIIN [SINGAPORE] Staff at Millennium Copthorne (M&C) hotels around the world are being kitted out with these new uniforms created by Singapore designer Allan Ross. The outfits will get their first public exposure on the staff of Orchard Hotel Singapore
      YEN MENG JIIN  -  308 words
  • Page 2 Advertisements

  • Page 3 Advertisements
    • 408 3 IGet The Big Picture With Budget Seminar 2007 28February 2007(Wednesday) ANCHORING SINGAPORE'S FUTURE 9:ooam to 4:3opm Budget 2007 will be unveiled on 15 February 2007. As the Meritus Mandarin Singapore government attempts to strike a balance between sustaining tax Level 6, Mandarin Ballroom revenue collection and keeping direct taxes low
      408 words

  • COMPANY NEWS
    • 718 4  -  HOCK LOCK SIEW By ROLAND LIM H N a recent interview, Vivian Balakrishnan, Minister for Community Development, Youth and Sports, and also Second Minister for Information, Communication and the Arts, said that Singapore m needs more innovators to create the next You Tube or Skype,
      718 words
    • 230 4 XFN-Asia ST ENGINEERING Ltd is expected to report next Tuesday that net profit last year rose from 2005 as the defence contractor benefited from strong contributions of its aerospace and electronics divisions, analysts said. Analysts polled by XFNAsia expect the company to
      XFN-Asia  -  230 words
    • 573 4  -  By TEH HOOI LING and BEBITA AW YEONG GLOBAL supply chain manager Olam International yesterday announced two joint ventures to source and supply soybean and cotton with China state-owned Chinatex Corporation the first step towards wider cooperation between the two companies. And
      YEN MENG JIIN  -  573 words
    • 252 4  -  It'll partner Amtel to launch 1,000 units by 2010 By ARTHUR SIM The Ascott Group stake in the company, and his son, Daniel Gupta, who owns the remaining 40 per cent stake. Speaking at the press conference yesterday. Ascott Group CEO Cameron
      YEN MENG JIIN  -  252 words
    • 538 5  -  Reports by OH BOON PING SINGAPORE Telecommunications (Sing Tel) yesterday said it and its associated firms now have more than 112 million mobile phone users. Singapore's largest company by capitalisation has stakes in telcos in Australia, Bangladesh, India, Indonesia, the Philippines
      AFP  -  538 words
    • 382 5  -  TELECOM WATCH This includes Star Hub's upcoming full-HSDPA service By SIOW LI SEN STARHUB has chosen China's biggest telecom equipment supplier, Huawei Technologies, to upgrade its 3G network. Huawei will provide and support future upgrades of Star Hub's network, including its upcoming fullHSDPA (high-speed
      382 words
    • 334 5 OPTUS, SingTel's subsidiary Down Under, has asked the Australian government for As2oo million (*****.4 million) in funding to help extend the coverage of its 3G mobile network there. Yesterday, the company said the extended network would operate at the 900 MHz spectrum overlaid
      334 words
    • 386 5 AFX SP CHEMICALS, a China-based manufacturer of chlorine, aniline and caustic soda, said it is embarking on a further capacity expansion this year as demand for its products, particularly chlorine, remains strong. The latest expansion drive at the China Fine Chemical
      AFX  -  386 words
    • 380 5  -  By DONALD URQUHART ASL Marine Holdings saw its first-half net profit jump 36 per cent, with new facilities in Batam and a new shipyard in China positioning the group for further growth. The integrated marine group saw its net profit rise
      380 words
    • 454 5  -  By CONRAD RAJ THE weakness of the greenback caused a foreign exchange loss of $9.7 million for Keppel Corporation's investment associate kl Ventures in its financial second quarter ended Dec 31. 2006. This, in turn, led to net earnings
      454 words
    • 7395 6 UNIT TRUSTS FUNDS ASM Amro Asset Mgt (S'pore) Star Europe Eqty!" 1 073/ Sot Europe Bond 1 168/ Stat Europe Bal 1231/ Star Asian Tiger Eqly 1 342/ Star Asia Bond 1314/ Stat Asia Balanced 1 105/ Star Global Technology Fund'" 0-212/ Mult) St Fd ***** Star Asu Bond* USD'
      7,395 words
    • 549 6  -  Directors hopeful of finding solution, says SIAS chief after meeting them By MICHELLE QUAH ISETAN shareholders may get their much-desired dividend payout by the end of this year. Securities Investors Association (SIAS) chief David Gerald said after he met several members of the Isetan board
      ARTHUR LEE  -  549 words
    • 206 7  -  By HAN MIN CHUNG BEDLINEN retailer Friven Co plans to open eight new retail outlets in Asia, company officials told BT yesterday. Friven, which markets bedding and bedlinen under several names including its own name and Perrin de Rossi, also said
      206 words
    • Time Watch aims for 100 new China stores
      • 13 7 It's preparing to open flagship store in S'pore as part of growth strategy
        13 words
    • 400 7 [JAKARTA] Indofood Agri Resources Ltd, the palm oil unit of Indonesia's biggest noodle maker, raised ***** million selling shares and plans to use the proceeds to develop oil palm plantations. The Singapore-listed Indofood Agri, a unit of PT Indofood Sukses Makmur, sold 338
      400 words
    • COMPANY BRIEFS
      • 50 7 NOEL Gifts International reported a 60.7 per cent jump in net profit to $561,000 despite a 6 per cent lower turnover of $6.8 million for the first half ended Dec 31, 2006. Earnings per share for the period stood at 0.55 cents.
        50 words
      • 39 7 GP Batteries yesterday reported an 8.3 per cent drop in earnings to $2.99 million on a 13.7 per cent drop in turnover to $201.56 million for the third quarter ended Dec 31, 2006.
        39 words
      • 73 7 LMA International NV has acquired a further 50 per cent of Australian distributor LMA Pacific Medical Pty Ltd, raising its stake to 80 per cent for US$9.7 million, of which 60 per cent will be in cash and 40 per cent in new
        73 words
      • 70 7 DELONG Holdings Limited said its subsidiary, Delong Steel Limited, has on Feb 7 entered into sale and purchase agreements to divest its entire 100 per cent equity interest in Delong Yuntong Steel International Trading Co Ltd to an independent third party for 54 million
        70 words
      • 38 7 SURFACE Mount Technology reported a 72.7 per cent plunge in earnings to HK510.22 million for the third quarter ended Dec 31, 2006. Turnover slipped 5.7 per cent to HK5631.83 million (*****.1 million).
        38 words
      • 63 7 LINAIR Technologies (Suzhou) Co Ltd has successfully secured a management, supply and installation contract worth 179.75 million yuan (5535.9 million) from Changshu Everbright Material Technology Co Ltd for their new galvanising plant in China. The work is expected to be completed by June 2008
        63 words
      • 41 7 BRIGHT World Precision Machinery reported a 20.3 per cent rise in net profit to $115.79 million yuan on a 39.8 per cent growth in sales to $449.34 million yuan for the year ended Dec 31,2006.
        41 words
      • 45 7 convertible notes PDC Corp Ltd yesterday proposed a convertible notes issue to UK-based Pacific Capital Investment Management Limited to raise up to $50 million. The money raised will be used to finance PDC's venture into agribusiness, corporate uses and for general working capital.
        45 words
      • 34 7 KSH Holdings, a construction and property development group, yesterday said its initial public offer was about 18.9 times subscribed. The company raised net proceeds of about $6.75 million.
        34 words
      • 45 7 THE offer by Tuan Sing (Australia) and Kara Investments for Grand Hotel Group (GHG) closed on Feb 6, with an aggregate holding 0f95.55 per cent. The bidders will proceed with compulsory acquisition of the remaining stapled securities in GHG.
        45 words
    • 114 7 ECHO Investment Holding, which is acquiring Landwind Medical, said yesterday its takeover offer has turned unconditional. In a statement, Echo said that as of yesterday it has received valid acceptances (including 169.5 million shares from concert parties) representing a 63.58 per cent stake. This, together with market
      114 words
  • Page 4 Advertisements
    • 13 4 ■I mMM Hi PP^^^^^HPI^HII^B $MH^ "'^jg^^M^j r #01-03/04 Net ANN 6735 PARACBN. Tel:
      13 words
    • 91 4 Our qualified professionals can assist you with offshore structures, shelf companies Ij^" and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For
      91 words

  • Page 5 Advertisements
    • 161 5 i T 111 Choose a world leader for a professional FX trading service. We offer tight spreads on (55) 5390 5118 all major FX pairs and a huge range ofexotics, plus CFDs on shares, indices and more. I Spreads from on currency Local office, W m m Comprehensive range of
      161 words

  • Page 6 Advertisements
    • 30 6 You can now use your CPF savings to invest AllianzGI RCM Global look out for infinite Pi INVESTMENT OPPORTUNITIES. Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS 3 ■Wi
      30 words


  • SINGAPORE MARKETS
    • Article, Illustration
      934 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAl Up Down Undi Uo Down Undi Up Down Undi Multilnd 9 6 2 1 0 0 10 6 2 Manufacturing 83 53 79 15 8 24 96 61 103 Commerce 38 20 24 13 4 9 51 24 33 Tpt/Stor/Comms 19 14 6 2
      934 words
    • 541 8  -  STOCKS ST Index reaches new peak of 3,236.6; many second-liners also set fresh highs R SIVANITHY Senior Correspondent IT WAS banks and property that drove the Straits Times Index for most of last year, and so it was again yesterday when an afternoon play on
      Source: Bloomberg  -  541 words
    • Article, Illustration
      994 8  -  Compiled by MATTHEW PHAN Sincere Watch Feb 7 dose: S$lJ4 KIM ENG RESEARCH, Feb 7 CORE earnings improving: Sincere delivered a stronger-than-expected 3Q07 revenue growth of 22.9 per cent year-on-year and 34.4 per cent quarter-on-quarter to *****.7 million. This brought 9M07 sales to ***** million, up 16.5 per
      Source: Bloomberg  -  994 words
    • 509 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar continued to post fresh multi-year lows versus Asian favourites yesterday even as currency-watchers debated the outcome of this weekend's G-7 Finance Ministers' meeting. Players reported that despite a belief that the US dollar's descent has been
      Source: Reuters  -  509 words

  • SINGAPORE NEWS
    • Article, Illustration
      77 9 THIS year's 12th Annual Raffles Hotel Wine. Food Arts Experience, from now till Feb 11. will feature a number of internationally renowned vintners and Michelin Star-studded chefs. They include chefs Christoph Ruffer. EyvindHellstrom. Alain Passard. Thierry Marx and international wine expert Oz Clarke. Delight in their award-winning
      77 words
    • 420 9  -  INDUSTRY FUNDING Money to fund postgrad training to ensure steady supply of talent By MATTHEW PHAN THE government has set aside $60 million out of the $330 million earmarked for the development of the environment and water industries over the next five
      420 words
    • 288 9  -  By JANICE HENG AN INVESTMENT of $5.6 million will benefit Singapore's precision engineering industry to the tune of $475 million more in revenue and $150 million more in value-add over the next three years. An estimated 2,000 new jobs will also be created. This
      288 words
    • 16 9  -  By KALPANA RASHIWALA Hillcourt Tower, said that the 76.059
      16 words
    • 22 9 (Jakarta) "On some of the captured vessels vessels were still in Indonesian waters
      22 words
    • 465 9  -  Move lets it diversify into feedstocks By MATTHEW PHAN KOLMAR Petrochemicals AG, a Swiss-based trader of petrochemical products, opens its regional headquarters in Singapore today for a new line of business supplying energy-related products like liquefied petroleum gas (LPG), gas oil, fuel oil, naphtha
      YEN MENG JIIN  -  465 words
    • 156 9 FairPrice products to include trans-fat info NTUC FairPrice said it will change the labels on its range of housebrand products by the end of the year to include a declaration about trans-fat content, and will be reformulating its housebrand range to reduce or eliminate trans-fat content. Asean ministers
      156 words
  • Page 9 Advertisements
    • 24 9 OUT NOW! I H MBE *7** > e >M<Kwortcl2oo7 M I I >> d CES2OO7 M I Shootout: Lb >> Productivity paradis i u ■Jusfi Iwsß-1 WWW.HARDWAREMAG.COM
      24 words

  • SINGAPORE INTERNATIONAL
    • 1037 10  -  The country's per capita income has soared by nearly 29 per cent yearly and its middle class is growing, reports CHUANG PECK MING CHUANG PECK MING Although china is the world's biggest market because of its population size, when it comes to buying power, Russia
      AP  -  1,037 words
    • 520 10  -  CAROLYN NEO explains why Singapore businesses should take a look at the Russian market and why it is now the right time to venture into it. But she also has some words of caution CAROLYN NEO BY 2050. the BRIC (Brazil, Russia, India and China) economies
      520 words
    • 352 10 RUSSIA has a vast market and Russians love electronic gadgets and that's why the country is among the top 10 territories Shiro Corporation will be zooming in on in its venture to expand overseas, says Patricia Ng, the company's general manager. Russia also
      352 words
  • Page 10 Advertisements

  • ECONOMY WATCH
    • 224 11 AFP [LONDON] The European Commission (EC) will propose laws to combat so-called "green crimes", which will be penalised by prison sentences and large fines, the Financial Times reported yesterday. The nine offences listed by the draft directive, a copy of which
      AFP  -  224 words
    • 621 11 Forex issues will be discussed as normal course of business: US official Reuters Bloomberg [WASHINGTON] Finance chiefs from the Group of Seven (G-7) rich nations will discuss foreign exchange rates in the normal course of business this week, a US
      Reuters; Bloomberg  -  621 words
    • 351 11 Non-Opec supply growth forecast for Q1 and Q2 towered Reuters [WASHINGTON] Opec pumped less oil last month, the US government's Energy Information Administration (EIA) reported on Tuesday. It said Opec production fell to 30.01 million barrels per day (bpd) in January from
      Reuters  -  351 words
    • 202 11 Bloomberg [JOHANNESBURG] China may sign a free trade agreement with the countries of the Southern African Customs Union (Sacu), South African President Thabo Mbeki said. "That matter remains on the agenda of both China and Sacu," Mr Mbeki told reporters after
      Bloomberg  -  202 words
  • Page 11 Advertisements
    • 53 11 I I~~" 27 routine: Checking out great 1 Name: Mdm Ng 52 2 r g c= in Chinese newspapers. 1 daughter-in-law, Sammi 1 Enjoy: Shopping, spa and facial. Occupation: Home-makers. Control house- J hold budgets. Concerns: Physical well-being for the family. V I Mnst desired purchase: An all-body massage 1
      53 words

  • MALAYSIA/INDONESIA
    • 2514 12 VOl HkJ (••00) AIM Realty 142 -0.01 37 Abrk Bhd 033 unch 89 Acp Industries 161 undi 618 Advance Synergy -0-29 0.01 2689 AdventaBhd .0.80 -0.03 136 Ae Mutti Hldgs 0.38 0 02 235 Affin Holdings -2 14 0.07 ***** Ahmad ZakiRenu 2 59 0.01 103 Ak Corp
      2,514 words
    • 642 12  -  It offers to take RHB and RHB Capital private in deal worth more than RMl0b By S JAYASANKARAN in Kuala Lumpur THE tussle for Malaysia's fourth-largest banking group ratcheted up yesterday with EON Capital offering to take both RHB and its 65 per cent
      642 words
    • 343 12 AFP [KUALA LUMPUR] Dozens of activists yesterday called for an end to negotiations between the United States and Malaysia on a free trade agreement (FTA), at a peaceful protest outside the US embassy here. Flanked by security guards and police in riot
      AFP; AP  -  343 words
    • 457 12  -  By PAULINE NG in Kuala Lumpur AIRASIA'S Tony Fernandes is growing his business empire. Having transformed Air Asia into the region's largest low-cost carrier, he is now eyeing personal financial services and budget hotels. Yesterday, Tune Money .Com owned by his privately held Tune
      457 words
  • Page 12 Advertisements
    • 1674 12 advance ADVANCE SCT LIMITED y*Olirrlted (INCORPORATED IN THE REPUBLIC OF SINGAPORE) (Company Registration No *****4283 C) NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at 6 Tuas View Circuit. Singapore *****9, on 28 February 2007 at 10.00 a.m. for the purpose of considering
      1,674 words

  • CHINA/INDIA
    • 641 13 More transparency, but more 'creative interpretation' too Reuters (BEIJING] China has embarked on a plan to bring the books of mainlandlisted firms closer to international accounting standards an effort that is set to improve transparency but create profit volatility too. All of China's
      Reuters  -  641 words
    • 122 13 Reuters [MUMBAI] Singapore investment agency Temasek Holdings may be in talks to set up a television broadcasting company in India in which it could have a 26 per cent stake, the Business Standard newspaper said yesterday. The newspaper, citing only "sources",
      Reuters  -  122 words
    • 450 13 Corus-like sale likely with US$l4b minimum reserve price, says paper Reuters AFP [MUMBAIJ Hong Kong's Hutchison Telecom may sell its stake in India's Hutchison Essar Ltd through an open auction with a minimum reserve price of about US$l4 billion, the Hindustan Times newspaper
      Reuters; AFP; REUTERS  -  450 words
    • 373 13 AP [SHANGHAI] A consortium led by China's biggest gold miner, Zijin Mining Group Co, has made a £94.6 million (Ss2B6 million) offer for British copper miner Monterrico Metals Pic, in what may become China's first outright takeover of an overseas listed
      AP  -  373 words
    • 491 13 Reuters [NEW DELHI] India expects its fastest growth in almost two decades this fiscal year, underlining the country's growing clout in the world economy as manufacturing and service firms power ahead. In its first official estimate for the current fiscal
      Reuters  -  491 words
    • 308 13 Bloomberg [SHANGHAI] China Minsheng Banking Corp, the nation's only non-state lender in which Singapore investment agency Temasek Holdings has a stake, plans to raise as much as 23.8 billion yuan (554.7 billion) selling shares to select investors to strengthen capital as loans soar. Minsheng will
      Bloomberg  -  308 words
  • Page 13 Advertisements

  • MIDDLE-EAST
    • 360 14 Denial follows report that Prince Alwaleed plans to build US$8b park Reuters [LOS ANGELES] Walt Disney Co has denied that it is in talks to build a theme park in Bahrain, following a newspaper report saying Saudi billionaire Prince Alwaleed bin Talal was
      Reuters  -  360 words
    • 543 14  -  Q-Education to run complex in Abu Dhabi, Gulf region By CLARENCE MICHAEL in Dubai AL QUDRA Holding of Abu Dhabi has signed a jointventure agreement with Singapore education company Learning Vision Holdings to launch Q-Education, with an initial capital of US$l.36 million. Q-Education will
      FILE PHOTO  -  543 words
  • Page 14 Advertisements
    • 298 14 Diners Club Card 7-o<**>/» *****980 A World of Exclusive Privileges Treats Diners Club wwwJiners.com.sg l!W International- lift? i (12 Feb-4 Mar 2007) 4 ZBIQ L Thslr>dMoiwldlahpooneholtran<latMk>a'blgbowt<M»r.HlaamattlngpotottlM j Celebrate With 5 M, finest and richest ingredients, stewed for laborious hours to bring that special A- CH, f gastronomic flavours and richness
      298 words

  • ASIA-PACIFIC/WORLD
    • 537 15 LATEST US DATA Labour costs for each unit of output rose 3.2% for all of last year AP Reuters [WASHINGTON] US productivity grew at a healthy 3 per cent annual rate in the final quarter, although this critical measure of economic vitality for
      AP; Reuters  -  537 words
    • 747 15 Pandemic a threat to 75% of staff at Fortune 1000 firms Bloomberg Reuters [NEW YORK] Concerns about a lethal flu pandemic are rising among company executives, and companies are beginning to make plans to help their employees and their businesses survive. According
      Bloomberg; Reuters; AP  -  747 words
    • 523 15  -  By SLOW LI SEN OIL prices will decline this year. While this can hurt financial markets, it will be good for the real economies of Asia as it will shift petrodollars in the hands of the few to hundreds of millions of
      523 words
    • 463 15 Bloomberg [NEW YORK] Federal Reserve chairman Ben S Bernanke said restrictions on labour markets and trade "would not be helpful" to eliminating growing wage inequality in the American ■workforce. "Policy approaches that would not be helpful, in my view, are those that would
      Bloomberg; AP  -  463 words
    • WORLD WATCH
      • 81 15 Reuters [SAN FRANCISCO] The biggest sexual discrimination case in US history advanced against Wal-Mart Stores Inc on Tuesday when a top court ruled that more than a million women could join a suit charging bias in pay and promotions. The plaintiffs estimate they could
        Reuters  -  81 words
      • 86 15 Reuters [NEW YORK] Media conglomerate News Corp said yesterday its quarterly sales rose helped by higher Borat box office sales and X-Men DVDs, but profit fell due to one-time gain a year earlier. The company posted a fiscal second-quarter profit of US$B22 million, or
        Reuters  -  86 words
      • 66 15 AFP [PARIS] Worldwide newspaper circulation soared nearly 10 per cent in the five years to 2005, according to a study released here that sharply challenges the widespread notion the print media is moribund. The World Association of Newspapers (WAN) said the number of paid-for daily papers
        AFP  -  66 words
      • 61 15 Bloomberg [NEW YORK] MGIC Investment Corp, the largest US mortgage insurer, will buy No 3 Radian Group Inc for US$4.9 billion in stock to reduce computer and salary expenses. The new firm aims to cut almost a quarter of its combined cost base to
        Bloomberg  -  61 words
    • 511 15 Reuters [WASHINGTON] Federal Reserve chairman Ben Bernanke had the largest market impact of any US central banker last year, according to a report on Tuesday that gave Dallas Fed president Richard Fisher the award for hyperbole. The annual survey by Macroeconomic Advisers also
      Reuters  -  511 words

  • Page 16/17 Advertisements
    • 1062 16/17 meDUbHigbS limes, inuiMjqy, rcmuoiyo, l\j\ji wuwuw 'n UI^UJ on the christening of M/V "SEA CHEETAH" At Jaya Shipbuilding Engineering Pte Ltd, 13 Tuas Crescent, Singapore *****7 On Thursday, Bth February 2007,1745 hrs 0 Owner: Deep Sea Supply Pic I AmA Jaya Engineering Pte Ltd (a subsidiary of The company was
      1,062 words

  • AVIATION
    • 449 18 Airbus urged to consider interests of staff and regions in which it operates Reuters [PARIS] France on Tuesday called on Airbus to pay close attention to the interests of staff and the regions in which it operates, as French employees protested for the second time
      Reuters; AFP  -  449 words
    • 2302 18 CITY FLIGHT ETA FUGKT ETD Abu Dhabi SQ455 1225 SQ456 1300 Adelaide LH9771 1740 AF8088 2215 SQ268 1740 BA7382 2215 AF8087 1830 QF82 2215 BA7381 1830 LH9770 2350 QF81 1830 SQ269 2350 SOS30 1930 Amtardam L***** 0645 KL838 2315 SQ323 0645 L***** 2345 KL837 1605 S0324
      2,302 words
    • 221 18 Bloomberg [NEW DELHI] Boeing Co, the world's second-biggest aircraft maker, said it's confident of keeping its US$15 billion of orders from airlines in India, where most carriers are posting losses on low fares and increasing competition. The planemaker's clients, including Jet
      Bloomberg  -  221 words
    • 585 18 AERO INDIA SHOW AP AFP [BANGALORE] India kicked off the Bangalore air show yesterday with a spectacular flying display by its air force, seeking overseas partnerships in its quest to match the nation's increasing economic clout with military might. "India
      AP; AFP  -  585 words
    • 481 18 AFP [MUMBAI] India's airlines lost USS4OO million in the nine months ended December 2006 as high fuel and aircraft purchase costs hit carriers, and more trouble is ahead, aviation executives said this week. At least half a dozen carriers, including budget airlines, have taken flight
      AFP  -  481 words
  • Page 18 Miscellaneous
    • 324 18 CRYPTIC CROSSWORD 1 Buys food, only to become immobilised (3,5) fl| H| 5 Bound to be in season (6) 5 Ml 9 Party with us in Paris if famished (8) —hJ —Lh w^m mm mm 10 Uproar when priest heads HI HI conciliation body (6) 12 Squabbles to get left-overs
      324 words

  • SHIPPING
    • 676 19  -  Expansion of the state's minerals sector may be impeded, they say By EVELYN DUFFY in Perth PORT bottlenecks are being raised as a potential impediment to the expansion of Western Australia's multi-bil-lion dollar minerals sector. One of the state's biggest independent miners, Mount
      676 words
    • 418 19 Bloomberg [SEOUL] Daewoo Shipbuilding Marine Engineering Co workers voted to stop work at the world's third-largest shipyard by backlog unless they are guaranteed a say in the planned sale of a stake by the company's biggest shareholder. About 90 per cent of
      Bloomberg  -  418 words
    • 264 19 SGX '000 Fcfc SS *4- Vol OiOHilxi! 0l44 unch 1485 Owi Ms HUgs 0.13 unch 785 Casta Corp 2jU OjM 3111 Cwlljmited 063 unch 117 tea Hid® *M 0-23 708 fright Unto tt09 unch 3372 Grand Banks 088 0.01 20 Aaya Hold Ud l**h unch 0 K1 Venules
      264 words
    • 218 19 AFP [KUALA LUMPUR] Malaysia's coast guard is to step up air and sea patrols of the piracy-prone Malacca Strait and increase its staff by thousands, a report said on Tuesday. Most of the ships of the Malaysian Maritime Enforcement Agency (MMEA),
      AFP  -  218 words
    • 264 19 Bloomberg {DUBAI] Dubai's Jebel Ali Port, the biggest port in the United Arab Emirates, expects its cargo handling capacity to increase by 10 per cent to 12 per cent in 2007, as it seeks to meet demand stemming from the growth
      Bloomberg  -  264 words
    • 188 19 Bloomberg {ATHENS] Shipowners in Greece, the biggest ship-operating nation, increased orders for new vessels by 40 per cent in January on an improved outlook for dry-bulk freight rates and as companies upgrade tanker fleets, broker George Moundreas Co said yesterday. January's expenditure
      Bloomberg  -  188 words
    • 299 19 Reuters [SYDNEY] Rescuers airlifted all 10 crew from a mining company ship yesterday after the vessel took on water and began to list in rough seas whipped up by a tropical cyclone off northern Australia. The MV Wunma, owned by Australia's Zinifex Ltd, remained afloat
      Reuters  -  299 words
  • Page 19 Advertisements

  • EDITORIAL & OPINION
    • 563 20 EDITORIAL THE Singapore stock market is into its fifth year of gains. It is only Feb 8,2007, and already prices are up 8 per cent for the year. This brings the rise since 2003 to some 140 per cent. This is unprecedented.
      563 words
    • 934 20  -  The rot set in after Ryutaro Hashimoto challenged the powers of the bureaucracy in the 1990s ANTHONY ROWLEY Tokyo Correspondent WOULD Japan be better off putting the governance of its affairs back into the hands of an elite bureaucracy or mandarinate rather than those of
      REUTERS; AP  -  934 words
    • 770 20  -  THE BOTTOM LINE FRANK CHING CHINA'S increasing influence in Africa is on display this week as President Hu Jintao makes his third visit to the continent in four years. Hard upon the swing through seven African countries by his foreign minister at the beginning
      770 words
    • 1073 21  -  The US House of Representatives' call for the end of US military assistance may signal that Musharraf's time is up AASIM SAJJAD AKHTAR By THE passing of legislation in the US House of Representatives calling for a halt to all military assistance to
      AFP  -  1,073 words
    • 1109 21  -  LETTER TO THE EDITOR Dr Roy Ng Kwok Weng Assoc Prof A Ilancheran Obstetricians gynaecologists WE would like to respond to the letter by Dr Martin Huang, "Plastic surgeons have the skill to perform to perform gynae ops" (BT, Dec 15,
      FILE PHOTO  -  1,109 words


  • 10648 22 SGX MAINBOARD Transaction date: Feb 7 52WV Tel Last Vol Day Last Quote Dtv GrYM Mat MCan High Low Code Company Sale COOP) High Low Buyar SeM«f C»r WE Swll 3.5 I 5716 1st Software 2 susp 81 115 6 3148 8Telecom 9 5 unch 125 9.5 9.5
    10,648 words
  • Page 22 Advertisements
    • 35 22 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in aH markets Access to Asian, US, Euro stocks Select Exchange TVaded Funds and Indices Competitive Commission charges
      35 words

  • 7010 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool out In S$ In UU dy y» dy yr dy *yr heb6 lf>de» Change Change Change Change Change Change vwvld indea Pieliminaiy 1130 8 01 2.7 0l2 21 OJ 2.2 J EAfl Prekmtnary 1144.3 04 33 Of 23 0* 23 iuiope
    7,010 words

  • Page 24 Advertisements
    • 1492 24 UK CONTIMENT SERVICE U.S.* SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN XU CHANG HAI LAX/VCW/MZL MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia E/w Mdaysia< 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. Malaysia, Indonesia Loads
      1,492 words
    • 480 24 wDw WALLENIUS WILHELMSEN LOGISTICS website: kttp://www.2wglobal.(om VESSEL VOY RAMP HEIGHT SIN LBC MAO SAV »AL 0«F TARONGA Af 705 320T0« 4.25 M IN POST 12/03 14/03 21/01 19/03 TAMESIS AT 706 3201 m 6.4 M 15/02 12/03 21/03 25/03 29/03 27/03 TAMPA AI/07 4201»w 4.4 M 27/02 23/03 01/0* 05/04
      480 words

  • Page 25 Advertisements
    • 1595 25 WAN HAJ INTERNATIONAL PIE LTD amo **********0/« i TEL *****588 (14 UHK) FAX: 6224U63 WxWAN HAI LINES JOHII (07) 251W23 FAJL (07J251W21 SUIIH: (031) JlKm HCL |B3I) JW27M/ CTI3DS —L—t JCTHLfIHI) S2S4IU FAX: (021) ***** M PUI HL 7IUM/71U81 Wt/IUW www.wgnngi.com.>3 HH:(O6l)4IS7««3m:(0tl)4ISOT25/4M7W pcuawHUonw m wckwtius ttotw «w$ wo m_ WAM
      1,595 words
    • 1269 25 IVISSIL VOY m 1 SIN I KARACHI DX» »*l DMM MK KHOR IRAN SATTARI PCL 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 05/03 11/03 13/03 15/03 IRAN BAABAEI PCL 818 V 23/02 24/02 05/03 08/03 09/03 15/03 17/03 19/03 rvtSM
      1,269 words
    • 663 25 m c a WEEKLY EXPRESS SAILING SCHEDULE 1| ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS Idksr I HOT Isw rum, cocomm I shey* 1 cotomo ItnUfBMU YWWW I 07n 07 FB lIFB I4FB lis KM I oinw I Ufa MFa iifb 7ifb rim I|w«nM 1 00*» I7OFa 1
      663 words

  • The Business Times Shipping Times
    • 6585 26 ETA HA Advertiser Vessel Voyage Telephone SIN Dcst'n Name Name Number Number To ABU DHABI (AUH) 2004 U. A. Emirates 17/02 03/03 SCI EMIRATES WATS 705W *****355 ***** 06/03 SCI TS DUBAI 706W *****355 To ADELAIDE (ADL) 2007 Australia 18/02 09/03 China Shpg API
      6,585 words

  • BizIT
    • 975 27  -  AMI predicts cheap broadband access and falling notebook prices will drive this, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SMALL and mediumsized businesses (SMBs) in Singapore are set to significantly ramp up the use of IP (Internet Protocol) telephony services this year, taking advantage
      975 words
    • 433 27  -  By ROLAND LIM DESPITE having no gamers and three yet-to-be-launched game titles, homegrown regional online games publisher Infocomm Asia Holdings (IAH) announced on Tuesday that it has scored US$l4.2 million in funds from two new investors, and that it was already considering a
      433 words
    • 545 27  -  By WINSTON CHAI SONY Ericsson has taken the wraps off eight new handsets that are slated to hit local retails shelves this year. An upgraded Cybershot phone and a slimmer Walkman handset are among the key offerings that are expected to bolster the company's
      545 words
    • 649 27 NYT [SAN FRANCISCO] Steven P Jobs, Apple's chief executive, jolted the record industry on Tuesday by calling on its largest companies to allow online music sales unfettered by anti-pi-racy software. The move is a gamble for Apple. Its iPod players and iTunes Store
      NYT  -  649 words
  • Page 27 Advertisements

  • PROPERTY
    • 204 28  -  By WEE LI-EN PROPERTY developer Hiap Hoe will soft-launch its latest freehold luxury residential development, the Cuscaden Royale, today. More than 70 per cent of the 46 units in the freehold estate, which occupies the former Angullia Park site, have already been booked at prices
      204 words
    • 544 28 CB Richard Ellis Q4 net profit rises 31 Growing office demand pushes quarterly profit to US$125.1m [NEW YORK] CB Richard Ellis Group Inc, the largest commercial real-estate broker by market value, said that fourth-quarter profit climbed 31 per cent on increased demand for office and retail space in the United
      BLOOMBERG  -  544 words
    • 239 28 AFP [SINGAPORE] Investment in the Asia Pacific hotel sector is expected to exceed US$7 billion this year, up 33 per cent from U555.25 billion in 2006, an industry group said. New markets such as China, India and Vietnam are expected to see
      AFP  -  239 words
    • 633 28 Downside limited if retail investors stay put, says fund Reuters [LONDON] Investment returns on British commercial property will slow by more than the market expects in the next two years, said one of the UK's biggest property fund managers, which has used
      Reuters  -  633 words
    • 704 29 It will pay 225 pence a share, or £170m in total, for Halladale Group Bloomberg [SYDNEY] Stockland, Australia's second-biggest real estate investment trust, has agreed to buy UK property manager and developer Halladale Group Pic for £170 million (Sssl4 million) its first acquisition in
      Bloomberg; FILE PHOTO  -  704 words
    • 2127 29 PROPFRTYTRANSACTIONS IODGFD BFTWFFN FFR 1 AND FFR ft. 7007 PROJECT NAME/ PROP CONTRACT TENURE BUILHN/IAND PRICE PSF STREET NAME TYPE DATE AREA*CSQ FT) (S$ 000) (S$) District 1 NON-IANDED People's Part Cpbc Apt 99 409 217 531 The Sal O Manna Bay Apt 05/01/2007 99 592 800 1351 The
      2,127 words
    • 424 30 Statement comes as competition for Reit takeovers in city heats up [LOS ANGELES] Maguire Properties Inc, downtown Los Angeles's largest office owner, dropped plans to consider a possible sale even as the takeover of landlords Equity Office Properties Trust and Mills Corp
      AFP  -  424 words
    • 506 30 Reuters [NEW YORK] The board of mall owner Mills Corp will weigh a US$l.56 billion takeover offer from Simon Property Group Inc and Farallon Capital Management, but its deal with Brookfield Asset Management Inc remained intact. Mills said on Tuesday. Despite an accounting
      Reuters  -  506 words
    • 199 30 Bloomberg [NEW YORK] Blackßock Realty Advisors Inc and SG2 Properties, a closely held real estate company, paid about US$3OO million for 51 buildings in New York's Bronx neighbourhood, with 3,600 apartments and 80 stores. All of the residential tenants are in rent-regulated
      Bloomberg  -  199 words
    • 253 31  -  By KALPANA RASHIWALA CITY Developments is expanding its presence in the Thomson/Balestier Road area, having bought The Albany for $65 million or $558 psf of potential gross floor area including an estimated $174,000 development charge. Assuming CityDev buys a strip of adjoining state land, its unit
      253 words
    • 566 31  -  If the IRs are delayed, economic activity will also be held up: analyst By ARTHUR SIM SAND, or the lack of it, could derail the current upswing in the property market. Speaking at a property seminar organised by the Singapore Press Club yesterday, Winston
      REUTERS  -  566 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 112 29 saviiis Collective Sale of Tulip Garden LMdonPwt J j 11 El OCBA s4y SzU Land Area: 29,432.2 sq.m. nl (approx. 316,709 sq.ft.) /^^itLEEDo• MP 2003 Plot Ratio 1.6 v /lA\J I qj Tenure: Freehold AJJU,W Bounded by Leedon Heights, Holland and Ib\ Farrer Roads vw I i>p hqll Minutes walk
      112 words


  • Page 31 Advertisements
    • 150 31 For Lease UE Print Media Hub, at Paya Lebar Road BRAND NEW, TOP Irt1 rt Quarter 2007 5-storey building with basement carpark Units from 1,300 sqft 17,000 sqft Food Court in Building Next to Circle Line MRT Station Attractive Rentals ElfSeah 9693 4126/6415 7330 Karan Phoa 9792 8416 6415 3650
      150 words
    • 221 31 STRATEGICALLY LOCATED WSRS! Prime Light Industrial Park Limited units available Built-up area from 4625 to 8461 k.p. j Located approximately 8 kilometers to the north of Johor Bahru city. Tampoi Industrial Park is easily accessible and have efficient road linkages. The ft development also enjoys the prime and direct frontage
      221 words
    • 313 31 Prime residential redevelopment sites District 10 For Sate By Expression of Interest Nathanville at Nathan Road ft J r~ j I I Freehold J a 5 L Land Area: 4,288.8 sq m WmmDmf b 5 (approx. 46,164 sq ft) t v j -> ii I Master Plan 2003: n V
      313 words

  • Page 32 Advertisements
    • 46 32 Q B l*H /aiBIVSW| a: v///> > at i I iISt- Cd 1 ftii iyß^^i ?a \l^-Hii^K^^^il^WPilpß^HiW <r HPRfirv, 1 H ORCHARD BOULEVARD fl jj jEILffIS.SSH I NAPIER RD I ARDMORE PARK S|P 9v-A 'L' <. &i rf 'x&h\ti' -x j -1 I fl stevens yy»>- «VH|Hflfl| HHHHHHBI
      46 words