The Business Times, 13 February 2007
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2007-02-13
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The Business Times
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Title Section22 2007-02-13 1 THE BUSINESS TIMES Tuesday, February 13,200? MICA (P) 202/12/2006 online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE 85 cents22 words
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957 2007-02-13 1 KALPANA RASHIWALA - Proposed amendments to Act also change basis of govt compensation to take into account permitted use and potential value under Master Plan By KALPANA RASHIWALA [SINGAPORE] In a change seen by some as welcome if long overdue, the government proposes to peg compensation to market957 words
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637 2007-02-13 1 CONRAD TAN - By CONRAD TAN [SINGAPORE] Average household income from work grew 6.2 per cent last year as more people found jobs amid the buoyant economy, according to the latest government figures. Data released yesterday by the Department of Statistics (DOS) also shows637 words
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Article90 2007-02-13 1 sn 3,***** (-50.43) ST INDEX FUTURES 3.172.00 (-52.00) simso 387.25 (-6.58) SIMSO FUTURES 387.20 (-6.90) MARKETS Monday Change KLCOMP 1,231.87 -9.00 NIKKEI 225 Closed HANG SENG 20,593.41 84.25 SET INDEX 697.46 +2.19 JAKARTA COMP 1,734.46 -5.85 MANILA COMP 3,234.16 -11.65 SEOUL COMP 1,414.29 -13.39 SHENZHEN B 505.99 +7.4290 words
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Page 1 Advertisements
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Advertisement15 2007-02-13 1 SME SPOTLIGHT M Earth Arts carves out \j|l niche in building sector page 10 I15 words
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Advertisement11 2007-02-13 1 TELCO TAKEOVER Vodalone bags Hutch Essar DE BETHUNE THE Horological Masterpieces11 words
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Advertisement9 2007-02-13 1 **********004 Property stock values may be stretched page 289 words
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TOP STORIES
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Article, Illustration1004 2007-02-13 2 DONALD URQUHART - Royal Caribbean says infrastructure needed to draw the biggest, best ships By DONALD URQUHART [SINGAPORE] A new cruise terminal must be built in Singapore soon if the biggest and best cruise ships are to be attracted here, the head of the world'sFILE PHOTO - 1,004 words
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511 2007-02-13 2 SIOW LI SEN - It can also respond faster to changing financial landscape By SIOW LI SEN [SINGAPORE] The powers of the Monetary Authority of Singapore (MAS) have been strengthened to improve accountability and governance, with the body being given more flexibility to respond to511 words
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312 2007-02-13 2 KALPANA RASHIWALA - CHANGES TO LAND ACQUISITION ACT By KALPANA RASHIWALA [SINGAPORE] Besides pegging compensation for land acquisition to market value, the Ministry of Law wants to abolish some arcane provisions in the current Land Acquisition Act. These seek to reduce compensation of acquired land that312 words
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Article, Illustration958 2007-02-13 3 DANIEL BUENAS; JANICE HENG - PRE-BUDGET FOCUS Some tax professionals say July, others say Jan 2008 more likely By DANIEL BUENAS and JANICE HENG [SINGAPORE] The rise in the Goods and Services Tax from 5 to 7 per cent is a foregone conclusion. What remains to958 words
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685 2007-02-13 3 OH BOON PING - They say that's needed to attract more foreign talent to Singapore By OH BOON PING [SINGAPORE] Singapore should cut personal income tax rates and abolish the estate duty if it is to attract more foreign talent here, said tax consultants and businessmen who685 words
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Article581 2007-02-13 2 GST hike: Opinion divided on when it'll kick off THE rise in the Goods Services Tax from 5 to 7 per cent is a foregone conclusion. What remains to be seen is when the change is implemented, with some tax professionals expecting it as early as July this581 words
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Advertisement112 2007-02-13 3 ——-T --I ■■NANYANG TECHNOLOGICAL UNIVERSITY 1 :j Nanyang Business School v ffSßlfe 7. K x >A \\/V v 1 V 1 N "V; v' V jl NANYANG EXECUTIVE MBA Global Leadership for the Asian Century From the Business School T that brought you Singapore's #1* and Asia's #2 MBA program112 words
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COMPANY NEWS
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805 2007-02-13 4 TEH HOOI LING - HOCK LOCK SIEW By TEH HOOI LING SINGAPORE is a relatively open financial market, in the sense that funds can flow freely in and out of the market. As such, movements in the stocks traded on the Singapore Exchange are not driven purely by805 words
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212 2007-02-13 4 INCREASED exp#.nsioa costs caused PortojfcJnternational's net profit to fall in the first six months of FY2007, the port operator and provider of equipment and services announced yesterday. Net profit for the six months to Dec 31 declined by 47 per cent to about $1.7212 words
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Article, Illustration570 2007-02-13 4 SIOW LI SEN - By SIOW LI SEN CITYSPRING Infrastructure Trust shares rose by a sizzling 66 per cent to $1.48 on their debut on the Singapore Exchange as investors cheered its acquisition strategy. Some observers were surprised at the strength of the rise, given that the wider stockmarket fellJOYCE FANG/THE STRAITS TIMES - 570 words
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436 2007-02-13 4 CONRAD RAJ - Subsidiary SMOE bags its biggest job worth US$300m By CONRAD RAJ SEMBCORP Marine, the world's second largest builder of offshore jackup rigs, has breached the $8 billion mark for its order book, and is breathing down the neck of number one builder and arch436 words
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403 2007-02-13 4 DONALD URQUHART - By DONALD URQUHART COSCO Corp Singapore Ltd, the ship-repair and marine engineering unit of China's largest shipping company, reported a 28 per cent growth in net profit thanks to surging ship repair and conversion orders. The group saw net403 words
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324 2007-02-13 4 ARTHUR SIM - By ARTHUR SIM WING Tai Holdings' second-quarter net profit surged 61 per cent year-on-year to $53.74 million, helped by higher contribution from its property development division. The earnings came on the back of a 77 per cent rise in324 words
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432 2007-02-13 5 RONNIE LIM - By RONNIE LIM ENERGY and resources engineering specialist AusGroup which reported a 133 per cent jump in firsthalf 2007 profits to A 58.25 million (559.82 million) yesterday thanks to the commodities boom intends to use Singapore as a launch pad for further432 words
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343 2007-02-13 5 TAMARA MOHANAN KUPPUSAMY - Firm announces first-ever interim dividend of 1.5 cents per share By TAMARA MOHANAN KUPPUSAMY FJ Benjamin Holding Ltd's net profit almost tripled from $3.7 million to $10.7 million for the second quarter ended Dec 31, despite unfavourable conditions for its Thai and343 words
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496 2007-02-13 5 VEN SREENIVASAN - By VEN SREENIVASAN TAT Hong Holdings, Asia's largest crane lessor and supplier, unveiled record third-quarter earnings and announced a special dividend payout of some $25 million yesterday. For the third quarter ended Dec 31, 2006, net profit attributable to shareholders rose 4 per cent496 words
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Advertisement172 2007-02-13 4 r— i v I —s r The global name in CFDs CFDs are a flexible and cost-efficient way to trade on Singapore and international shares, (ffi) 6390 5118 I Go long or short of shares on margin, putting up a fraction of the full contract value. J Share CFDs IQITIdf172 words
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Page 5 Advertisements
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Advertisement8 2007-02-13 5 The winner is Mr Tim Mackay FINANCIAL TIMES8 words
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Advertisement487 2007-02-13 5 JIA Seize the opportunity to invest in selected leading Asian financial stocks today. This window of opportunity closes on 16 March 2007. Introducing DBS Asian Financials Fund (the "Fund"). For investors who want tactical and opportunistic exposure to the attractive Asian financial sector. eS S d er es Managed by487 words
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SINGAPORE MARKETS
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Article, Illustration554 2007-02-13 6 R SIVANITHY - STOCKS All the sectors suffer losses; banks and SingTel contribute the most to the index's fall R SIVANITHY Senior Correspondent THE local stock market was pummelled yesterday in line with Friday's slide on Wall Street, with stocks coming under pressure most of theSource: Bloomberg - 554 words
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Article426 2007-02-13 6 MATTHEW PHAN - Compiled by MATTHEW PHAN Singapore Exchange Feb 12 dose: $6.80 CITIGROUP RESEARCH. Feb 9 INVESTMENT thesis: We maintain our "sell/low risk" rating. While there are several fundamental posi- tives recent average daily market turnover appears to be resilient at over $1.2 billion per day and aggressive efforts will426 words
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Article, Illustration954 2007-02-13 6 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Dow Umh Up Down Uwdi Up Down Uocti Multi Ind 683 010 693 Manufacturing 34 115 <2 8 23 17 42 138 79 Commerce 18 38 24 8 5 10 24 43 34 Tpt/5tor/Comms 6 24 9 0 1 2 6 25 11954 words
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Article, Illustration337 2007-02-13 6 HANS CHIN - CHART POINT By HANS CHIN, chartist at Kelive Research THE Straits Times Index's (STI) 50-point decline yesterday was triggered by a combination of crude oil prices rebounding above US$6O per barrel and markets awaiting the Federal Reserve chairman's testimony before the Senate Banking Committee337 words
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Article, Illustration549 2007-02-13 6 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE Japanese yen resumed its slide across a broad front yesterday, after the Group of Seven (G-7) Finance Ministers meeting last weekend in Germany excluded any specific criticism about a too-weak yen from their post-meeting communique lastSource: Reuters - 549 words
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COMPANY NEWS
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Article410 2007-02-13 7 Zhongguo Jilong to suspend shares from trade today ZHONGGUO Jilong. a unit of QAF, asked for its shares to be suspended from trade today because its external auditors have raised "certain matters" to the attention of the audit committee. Zhongguo did not provide further details, except to say410 words
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318 2007-02-13 7 MICHELLE QUAH - Earnings surge 89% to $132m, helped by $83m exceptional gain By MICHELLE QUAH NATSTEEL Ltd has reported a better performance in FY2006. The one-time national steel firm saw its fullyear net profit grow 89 per cent to $132.1 million, from $69.9 million in FY2005.318 words
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239 2007-02-13 7 TAMARA MOHANAN KUPPUSAMY - By TAMARA MOHANAN KUPPUSAMY CHINA Sky Chemical Fibre Co Ltd yesterday announced a near doubling in fourth-quarter net profit from 81.3 million yuan to 155.6 million yuan (5530.7 million yuan). Riding on the back of strong demand for nylon fibres in China and expanded239 words
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385 2007-02-13 7 MATTHEW PHAN - By MATTHEW PHAN 810-TREAT Technology yesterday reported a 6 per cent dip in first-half earnings to 156.53 million yuan (Ss3l million). The water specialist also unveiled plans to enter a new business in manufacturing coagulants for the pre-treatment of industrial wastewater.385 words
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Article319 2007-02-13 7 MATTHEW PHAN - By MATTHEW PHAN GEMS TV saw its stock price shoot up 17 cents to $1.45 yesterday, with over 23 million shares traded enough to draw a query from the Singapore Exchange after a morning conference call during which chief executive Jason Choo updated analysts319 words
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Advertisement127 2007-02-13 7 HH Work your way to a H FREE* dream weekend M at over 120 exceptional H hotels in Asia Pacific I with MasterCard®! 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 your127 words
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SINGAPORE NEWS
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150 2007-02-13 8 THE Immigration and Checkpoints Authority (ICA) will launch an instantaneous, password-free e-service, on Thursday to encourage more foreigners to apply for Singapore Permanent Residence (SPR) or Singapore Citizenship (SC). The service called the Naturalisation Eligibility Tool (NET) can be assessed at www.ica.gov.sg. NET will150 words
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275 2007-02-13 8 JANICE HENG - IE to lead team to Brazil, Mexico to explore opportunities By JANICE HENG LATIN America's oil and gas industry offers plenty of opportunities. And International Enterprise Singapore (IE) hopes more local companies will take advantage of them. For the first time, IE is275 words
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277 2007-02-13 8 Survey finds its brand campaign successful RIDING on the success of its Beyond Words branding campaign, the Singapore Tourism Board's (STB) next few campaigns are expected to focus on promoting the leisure, business travel. Mice (meetings, incentives, conventions and exhibitions), education and277 words
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Article305 2007-02-13 8 HPL exercises Horizon Towers option A HOTEL Properties Ltd (HPL) led consortium which signed an option last month to buy Horizon Towers in the Leonie Hill location for $500 million is said to have exercised the option. Discuss Budget speech via Web chat AN E-TOWNHALL meeting to discuss305 words
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Article, Illustration533 2007-02-13 9 CHUANG PECK MING - YESTERDAY IN PARLIAMENT Government to fix price of land sand sold from stockpile to stabilise prices Reports by CHUANG PECK MING INDONESIA'S ban on the export of land sand will not have a major impact on the building industry in Singapore, where severalREUTERS - 533 words
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382 2007-02-13 9 MEDICAL devices will be the first to come under the control of the Health Products Bill that seeks to regulate new products to protect public safety. Other categories of products that need to be regulated under the Bill, which Parliament yesterday passed,382 words
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Article424 2007-02-13 9 CAAS gets nod to issue bonds THE Civil Aviation Authority of Singapore (CAAS) may soon join the list of government agencies borrowing money by issuing bonds. Parliament yesterday gave the green light for the statutory board to raise funds from the capital market, both within and outside Singapore.424 words
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Page 8 Advertisements
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Advertisement145 2007-02-13 8 ■■A Diners Club Card To apply, call 6416 0980 M A World of Exclusive Privileges Treats Diners Club www.cliners.com.sg International 1 i v K 3 Bi 4 4* V.'. To Celebrate With M A corporate gift. a company dinner or just casual drinking. Le Vigne offers a large HHHI selection145 words
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Page 9 Advertisements
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Advertisement268 2007-02-13 9 a, vri t'ny, 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 Van Gogh 24 hour Van Gogh Service Hotline *****26 8899 Website www.abnamro.com.sgEmailvan9ogh@sg.abnamro.com rreferred Banking Promotion. •If any investment applied to this Promotion is pre-terminated268 words
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SMEspotlight
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Article, Illustration807 2007-02-13 10 JANICE HENG - JANICE HENG finds out what both local and foreign banks are offering to gain a bigger slice of the market JANICE HENG SINGAPORE'S small and medium enterprises (SMEs) traditionally complained that they lacked access to financing, and that banks ignored them in favour807 words
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Article, Illustration562 2007-02-13 10 OH BOON PING - By OH BOON PING BUOYED by the upcoming integrated resorts among other things, the construction sector is expected to benefit players like Earth Arts a supplier of stone, tiles and compressed material. "The number of enquiries or tenders has gone up aboutARTHUR LEE - 562 words
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Article, Illustration1287 2007-02-13 11 NANDE KHIN - SMALL CAPS Miyoshi Precision will capitalise on its 'regional business ring' to grow its three core businesses, reports NANDE KHIN NANDE KHIN Having hit upon a business model that has already borne fruit, metal stamping components maker Miyoshi Precision Ltd wants to hold1,287 words
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Article, Illustration274 2007-02-13 11 WEE LI-EN - By WEE LI-EN MULTINATIONAL corporations (MNCs) that used to outsource manufacturing to small and medium-sized enterprises (SMEs) are now looking to them for new products and ideas, says Singapore International Chamber of Commerce (SICC) executive director Philip Overmyer. While SMEs used to be274 words
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369 2007-02-13 11 TEH HOOI LING - By TEH HOOI LING OUR small-cap portfolio has chalked up its sixth straight week of gains since the year began. In the past five trading sessions it advanced 3.4 per cent outperforming UOB Sesdaq and the Straits Times Index, which retreated 0.9369 words
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Advertisement517 2007-02-13 10 Create impact at work! j|H9 Hear from internationally Bsajl renowned speakers. Wpa| Participate in ST7ol's exclusive half-day seminar and hear from three I renowned international speakers. Don't miss this opportunity to gain I valuable and practical lessons on ways to succeed at work! Register now! I t 1 March 2007517 words
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Advertisement45 2007-02-13 11 11 Our New Virtual Centre V| m[ »j jj J Friendlier, easier and more interactive the new improved WIKKIj 1 .1 With powerful tools, simple-to-use features and thoughtful layouts, the enhanced mom.gov.sg Log on today and discover how you can now accomplish more, faster, easier.45 words
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ECONOMY WATCH
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Article, Illustration567 2007-02-13 12 Bloomberg [MUMBAI] India is stepping up purchases of US dollars after a 5 per cent gain in the rupee in six months eroded corporate profits and threatened to slow the economy. The central bank bought about USsl.s billion in the past sevenBloomberg; BLOOMBERG - 567 words
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526 2007-02-13 12 Pressure increases on central bank to raise interest rates to curb inflation Bloomberg [MUMBAI] India's industrial production surged 11.1 per cent last December, more than expected, adding pressure on the central bank to raise interest rates. The increase in production at factories, utilitiesBloomberg - 526 words
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Article, Illustration613 2007-02-13 12 During 2-day testimony, he will, however, air Fed's concern over inflation risk Reuters [WASHINGTON] US Federal Reserve chairman Ben Bernanke looks set to tell Congress this week that the US economy is sound, but that the central bank is still concerned thatReuters - 613 words
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Article, Illustration477 2007-02-13 12 Bloomberg (BEIJING] China's trade surplus widened to US$l5.9 billion in January as exports gained by the most in 17 months, adding pressure on the government to let the yuan rise faster. The gap, reported by the customs bureau on its website yesterday, swelledBloomberg; BLOOMBERG - 477 words
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322 2007-02-13 12 Reuters [WASHINGTON] Sending US service jobs offshore will affect the country only modestly overall but job markets in some cities will be hit much harder than others, according to a report released yesterday. Most vulnerable are large metropolitan areas, mainlyReuters - 322 words
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MALAYSIA/INDONESIA
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317 2007-02-13 13 Reuters [JAKARTA] Garbage trucks were out in force on Jakarta's streets yesterday for a huge clean-up of the city after a devastating flood, while nearly 200,000 people were suffering from flood-related illnesses. The vast majority of the ill were not hospitalised,Reuters - 317 words
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557 2007-02-13 13 LAURELTEO - It needs to boost infrastructure, health funding: World Bank By LAURELTEO in Jakarta PRUDENT fiscal management in recent years has helped Indonesia accumulate a pile of public funds but now it needs to figure out how to spend this money well, and where to557 words
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Article, Illustration155 2007-02-13 13 [SINGAPORE] Singapore Technologies Telemedia (ST Telemedia) yesterday donated 500 million rupiah (5584,700) to Indonesia's Cabinet Ministers Wives' Club in aid of the flood victims and education outreach programmes that cater to Indonesia's underprivileged children. ST Telemedia, a unit of Singapore investment company Temasek Holdings, controls155 words
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536 2007-02-13 13 PAULINE NG - By PAULINE NG in Kuaia Lumpur STEEL stockist HG Metal plans to fork out nearly RM24 million (Sslo.B million) for five industrial lots in South Johor. The Singapore Exchange-listed company will sign a sales and purchase agreement with Malaysia's UEM Land for536 words
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Article, Illustration319 2007-02-13 13 2007 asset-sale plan includes 13 other companies Bloomberg [JAKARTA] The Indonesian government plans to sell a stake in national flag carrier PT Garuda Indonesia and PT Bank Negara Indonesia this year along with shares in 13 other state companies, State Enterprises Minister SugihartoBloomberg; BLOOMBERG - 319 words
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Article2534 2007-02-13 13 vot Feb 12 *M W- 000) AiMRealty 1.42 unch 2 Abrk Bhd .0.39 0.01 234 Acp Industries 1.72 -0.02 1105 Advance Synergy .0.31 -0.01 1689 Adventa Bhd -0.82 0.01 150 Ae Multi Hldgs .0.37 -0.02 136 Affin Holdings .2.34 -0.04 9306 Ahmad ZakiResou 2.60 -0.01 99 AicCorp .0.672,534 words
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INDIA
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Article, Illustration1031 2007-02-13 14 Early reactions find price 'reasonable' while Li exits with huge gain Reuters, Bloomberg Reuters [HONG KONG/BARCELONA] Britain's Vodafone Group pic became a power in the world's fastest-growing mobile phone market with an USsll billion purchase of No 4 Indian carrier Hutchison Essar. Vodafone,Reuters, Bloomberg; Reuters; REUTERS - 1,031 words
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229 2007-02-13 14 Reuters [NEW DELHI] India's Oil and Natural Gas Corp Ltd (ONGC) is set to acquire up to a 35 per cent stake in a Congo oil block held by Italy's ENI in a swop for a similar Indian oilfield stake, company officialsReuters - 229 words
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Article145 2007-02-13 14 Bloomberg [BANGALORE] Bangalore, the southern Indian city home to companies such as Infosys Technologies Ltd, Wipro Ltd and the local unit of Texas Instruments Inc. was halted after a strike against a tribunal's decision in a river water dispute. Offices, schools and colleges remained closed andBloomberg - 145 words
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240 2007-02-13 14 Bloomberg [MUMBAI] Shares of Hindalco Industries Ltd, India's biggest aluminum maker, plunged as much as 14 per cent as investors bet the company's finances may be stretched after it agreed to buy Canada's Novelis Inc for more than US$3.4 billion. The company, basedBloomberg - 240 words
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Advertisement578 2007-02-13 14 Cats NOTICES BMS NORELCO UMS HOLDINGS LIMTED (Company Registration No. *****0340R) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 23 Changi North Crescent Singapore *****6 on 12 March 2007 at 10.00578 words
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Advertisement507 2007-02-13 14 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF SPENSER INVESTMENT HOLDINGS PTE LTD (In Members' Voluntary Liquidation) (Co Reg No *****2630W) At an Extraordinary General Meeting of the Memben of Spenser Investment Holdings Pte Ltd duly convened and held at 35 Selegie Road, #04-06507 words
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Advertisement31 2007-02-13 14 1 I Lianhe Zaobao I Strong I I showing I I c I I dragon I lIS stows I I In listed I I 88 here I I I year I31 words
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GREATER CHINA
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Article, Illustration512 2007-02-13 15 It will set up asset management, investment firms like Temasek, GIC [BEIJING] China's blueprint for managing its foreign reserves is assuming tangible shape with draft proposals for two high-powered investment bodies a key item on the agenda of the National People's Congress next month. TheBLOOMBERG - 512 words
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Article, Illustration414 2007-02-13 15 AP [SHANGHAI] Chinese police are investigating accusations that a 26-year-old businesswoman illegally raised money as she built a paper fortune in businesses including coffee shops and construction materials, news reports and the local government said yesterday. Few details have been given about the charges againstAP - 414 words
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Article, Illustration679 2007-02-13 15 Reuters [SHANGHAI] Once considered a symbol of the decadent West, Valentine's Day is becoming big business in newly affluent China. Nowhere more so than in Shanghai, China's showcase city for the economic reforms of the last three decades, a financial hub whichReuters; AP - 679 words
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BRIEFLY ASIA
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74 2007-02-13 15 Reuters [TAIPEI] Taiwan's Formosa Plastics Group, the island's largest private petrochemical conglomerate, is planning to invest US$lO billion to build a petrochemical complex in China, local media said yesterday. Part of the plan will involve teaming with either China National Petroleum Corp or China PetroleumReuters - 74 words
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85 2007-02-13 15 Reuters [TOKYO/MUMBAI] Toyota Motor Corp plans to build a new plant by 2010 in southern India, concentrating on inexpensive, smaller model cars, the Nikkei daily reported yesterday. The new plant, which would be built close to the company's first plant near Bangalore,Reuters - 85 words
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90 2007-02-13 15 AFP [BEIJING] Citic Bank. China's seventh largest lender, could raise as much as US$3 billion in a dual stock market listing in Shanghai and Hong Kong, state media reported yesterday. The timing of the bank's IPO is subject to the progress of regulatory approvals,AFP - 90 words
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63 2007-02-13 15 Reuters [HONG KONG] Fashion retailer Giordano International Ltd said its 2006 earnings would be "unfavourably affected" by an additional Foreign Enterprise Income Tax provision. The Hong Kong retail chain operator, which will announce its 2006 results before the end of March, said it wasReuters - 63 words
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Article, Illustration540 2007-02-13 15 Chairman wants 20b yuan injection be made to parent Reuters [SHANGHAI] A planned US$2.6 billion government bail-out of China's Everbright Bank is being complicated by its state parent's reluctance to give up direct control of the lender. China in December approved a plan toReuters - 540 words
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MIDDLE EAST
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Article296 2007-02-13 16 It takes legal action against France-based publishers of Trend magazine Bloomberg [DUBAI] Shuaa Capital, the largest investment bank in the United Arab Emirates (UAE), described a magazine report alleging it manipulated the price of a Kuwaiti stock as "malicious" and is taking legal actionBloomberg - 296 words
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Article, Illustration491 2007-02-13 16 AFP AP [WASHINGTON] Saudi Arabia and other Arab states are making public overtures to Israel and American Jews in an effort to undercut Iran's growing influence, contain violence in Iraq and Lebanon and push for a resolution of the Israeli-Palestinian conflict, USAAFP; AP - 491 words
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Article7110 2007-02-13 16 UNIT TRUSTS FUNDS AIM Amro Asset Mgt (S'pore) StarEuropeEgty!" 1 074/ Star Europe Bond 1.171/ Star Euope Bal 1-23" Star Aaan figer tqty 1 332/ Star Asia Bond 131V Star feu Balanced 110V Star Oobal Technology fund'" 0213/ Mi*StW 0979* Star Asia BondlUSD) 0858/ Gl> Mult St USD 1 1»7,110 words
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Advertisement18 2007-02-13 16 Allianz I^—mWKT "K DEFIN,TELY SOMETHING T° CELEBR(f f[U i Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS18 words
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ASIA-PACIFIC/WORLD
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691 2007-02-13 17 AP [BANGKOK] It was an evening of utter decadence a 10-course gourmet dinner concocted by world-renowned chefs at U5529,000 a head. Many of those who attended Saturday night's culinary extravaganza here hailed it as the meal of a lifetime. But it's no easy taskAP - 691 words
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769 2007-02-13 17 Bourse scrambling to appease shareholders after LSE bid failure AP [NEW YORK] The Nasdaq Stock Market Inc, having failed in its US$5.3 billion hostile takeover bid for the London Stock Exchange (LSE), is now seen scrambling to lay out a European strategyAP - 769 words
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WORLD WATCH
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70 2007-02-13 17 Bloomberg [NEW YORK] Four Seasons Hotels Inc, the manager of luxury hotels, entered a definitive agreement to be taken private by its CEO, Microsoft Corp chairman Bill Gates and Saudi Prince Alwaleed Bin Talal. The transaction, first proposed in November, values FourBloomberg - 70 words
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102 2007-02-13 17 Reuters [SEOUL] Shares of major memory chip makers such as Samsung Electronics and Hynix fell yesterday as worries about first-quarter profit were rekindled after US maker Micron warned on Friday about steep price declines. Samsung Electronics Co Ltd. the world's top maker of memoryReuters - 102 words
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80 2007-02-13 17 AP [SYDNEY] Irish billionaire Tony O'Reilly's Independent News Media yesterday unveiled a friendly As2.B billion (553.3 billion) takeover bid for APN News Media, Australia's fourth largest media group. The deal, which values APN atAs3.B billion with the inclusion of debt, is the sector's firstAP - 80 words
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71 2007-02-13 17 Reuters [PHILADELPHIA] Harrah's Entertainment plans to separate its real-estate assets into separate subsidiaries as part of its US$17.1 billion takeover by two private equity firms, according to a filing with the US Securities and Exchange Commission. Harrah's, which agreed in December to be acquired byReuters - 71 words
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439 2007-02-13 17 AP, AFP [BANGKOK] A panel appointed to investigate corruption linked to deposed Thai prime minister Thaksin Shinawatra has recommended that criminal tax evasion charges be filed against his wife, her secretary and her brother, its chairman said yesterday. Pojaman Shinawatra and her brother BhanapotAP,; AFP - 439 words
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275 2007-02-13 17 AP [SYDNEY] Deposed Thai leader Thaksin Shinawatra said he is looking to buy a house in Sydney's luxurious eastern suburbs, where he wants to relax and take a break from politics, according to an interview broadcast yesterday. Dr Thaksin visited Sydney over theAP - 275 words
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460 2007-02-13 17 LAT-WP [LOS ANGELES] The Grammy Awards aren't supposed to feel real. Like any awards show, they uphold the fantasy of glitz and glamour that conceals the hard work and often bitter luck behind show business success. The night's performers and winners offer momentsLAT-WP - 460 words
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Page 17 Advertisements
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AVIATION
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243 2007-02-13 18 AFP [ESSEN, Germany] Thomas Cook, the second-biggest European travel group, is to merge with British rival MyTravel, the British group said yesterday. "The boards of MyTravel and KarstadtQuelle have agreed the terms of recommended merger of MyTravel and Thomas Cook," it saidAFP - 243 words
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Article, Illustration449 2007-02-13 18 Independent report finds bid price of A$5.60 a share fair and reasonable [SYDNEY] A consortium led by Macquarie Bank yesterday came closer to clinching a A$ 11.1 billion (5513.2 billion) takeover of Australia's Qantas Airways after the airline released an independent report sayingFILE PHOTO - 449 words
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161 2007-02-13 18 AP [MANILA] A 66-year-old German tourist, annoyed by stringent security at Manila's airport, dropped his pants before walking through an X-ray machine, newspapers said yesterday. Authorities were not amused. Instead of boarding a flight to Frankfurt on Friday, Hans Jurgen Oskar von NaguschewskiAP - 161 words
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360 2007-02-13 18 Reuters [CALGARY. Alberta] Air Canada sharply reduced its operating loss in the fourth quarter as it attracted more passengers at higher fares while cutting costs, the country's biggest carrier said. The parent company of the newly publicly traded airline,Reuters - 360 words
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Article, Illustration399 2007-02-13 18 Bloomberg (BANGKOK! Cracks in the taxiways and runways at Bangkok's four-month-old Suvarnabhumi airport were caused by high levels of underground water and the quality of construction materials used, the official investigating panel announced yesterday. "Rutting" has caused cracks on the taxiways and "slippageBloomberg; AP - 399 words
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Article2365 2007-02-13 18 an FUSNT JTA HJSMT up MoEMO LH9771 1740 AF8088 2215 SO268 1740 BA7382 2215 AF8067 1830 QF82 2215 BA7381 1830 LH9770 2350 QF81 1830 SQ269 2350 SQ530 1 930 nulllillll L***** 0645 KL838 2315 SO323 0645 L***** 2345 KLB37 1605 SQ324 2345 Mm 0545 ftrt' EK4332,365 words
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Page 18 Miscellaneous
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Miscellaneous127 2007-02-13 18 CRYPTIC CROSSWORD DOWN 1 Anonymous travelling sales- ship (6,6) YESTERDAY'S SOLUTION men (8) 15 Fellow holds me up showing Across: 1 Sinking feeling, 9 Apos--2 Fatherly friend swallows a tear bad spirit (5) tie, 10 Set free, 11 Psi, 12 Enchant(B) 16 They secure the normal ship- ress 14 Angela,127 words
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SHIPPING/AVIATION
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Article, Illustration1126 2007-02-13 19 Maersk Line chief sees need to build capacities to meet increasing demands [SINGAPORE] The head of the world's biggest container shipping line is expecting a healthy container market demand growth of around 10 per cent overall this year. "This demand will continue to be1,126 words
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268 2007-02-13 19 Bloomberg [NEW YORK] US airlines owe the government US$l96 million in unpaid airport security fees, twice as much as last year, and federal officials plan to start collecting them in the autumn. Liability for the fees, created after the SeptBloomberg - 268 words
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Article, Illustration530 2007-02-13 19 VEN SREENIVASAN - It'll continue its aggressive leadership position By VEN SREENIVASAN [SINGAPORE] Jetstar will not stand idly by as Tiger Airways tries to move into its backyard, said the Australian low-cost carrier's chief executive. Alan Joyce, who heads the Qantas subsidiary, warned Tiger thatBLOOMBERG - 530 words
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474 2007-02-13 19 DAVID HUGHES - By DAVID HUGHES in London IN A remarkably blunt statement, the Hong Kong Shipowners Association (HKSOA) has disassociated itself from an International Chamber of Shipping (ICS) statement on emissions policy. The HKSOA has been Intertanko's main shipping industry ally in its campaign to474 words
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Article280 2007-02-13 19 SGX '000 Feh12 St W- Vri ChCtfWwre oil (ToT 736 Chuan Hup MWcp 033 unch 2096 CoscoCorp 2J8 OOt 7201 Cwt UtnMed Ml -002 319 E7T»HkJgs 5J0 -010 OuM 001 *1383 Grand Banks 1X3 001 26 iM Hold Ltd 15J -OjOI 61 KfVentures 033 -001 3229 KeppHCorp 18280 words
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389 2007-02-13 19 AP [NEW YORK] With budget cutbacks and air traffic controllers retiring in higher numbers, New York area airport towers are understaffed by 30 per cent and will face increased flight delays and safety problems unless Congress and the BushAP - 389 words
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EDITORIAL & OPINION
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Article506 2007-02-13 20 EDITORIAL TRADING representatives dealers and remisiers are the gateway to the stock market for most investors. Just as importantly, if not more, they are also gate-keep-ers of the integrity of the market place. It is a point the Commercial Affairs Department (CAD), the white-collar crime unit of506 words
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Article, Illustration960 2007-02-13 20 LEON HADAR - WTO action against China could help ease pressure to take a tougher approach against China LEON HADAR Washington Correspondent WHEN US Treasury Secretary Henry Paulson addressed lawmakers on the Bush Administration's global economic policies late last month, he couldn't fail toAFP - 960 words
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Article, Illustration736 2007-02-13 20 PAUL KRUGMAN - THE BOTTOM LINE PAUL KRUGMAN NYT ATTACKING Iran would be a catastrophic mistake, even if all the allegations now being made about Iranian actions in Iraq are true. But it wouldn't be the first catastrophic mistake this administration has made, andNYT - 736 words
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Article, Illustration760 2007-02-13 21 NEIL BEHRMANN - American mortgage and high risk credit markets nervous after announcement NEIL BEHRMANN London Correspondent THOSE who have been sanguine about the American real estate market and economy should be wary of HSBC's shock announcement last week. The profit warning, the first in the bank's history,AFP - 760 words
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476 2007-02-13 21 Yeo Seng Chong Singapore - Yeo Seng Chong Singapore I MAINTAIN my CPF investment account with one of the local banks. 1 am not sure if what I had experienced is an ethical thing for the bank to do, so I will leave it to CPF members476 words
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Article533 2007-02-13 21 Ivan Ong - LETTERS TO THE EDITOR Ivan Ong Vice-president Nets Payment and Value-Added Services I REFER to the article "SCCCI to hold talks over Nets fee hike" (BT, Feb 9) and want to give your readers some background. Nets was founded 22 years ago by Singapore's leading533 words
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1091 2007-02-13 21 MARK LANDLER - By MARK LANDLER NYT BENEDIKT Thoma recalls the moment he began to think seriously about leaving Germany. It was in 2004, at a New Year's Day reception in Frankfurt, and the guest speaker, a prominent politician, was lamenting the fact that every yearNYT - 1,091 words
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Article11214 2007-02-13 22 SGX MAINBOARD Transaction date: Feb 12 52-Wfc Tel Last Vol Day Last Quote Wv GrYM Nat MCap High low Coda Company Sale +I- COOP) High Low Hiyar Sailer Cvr fit SmH 35 1 5716 1st Software 2 Susp 81 115 6 3148 8Te)ecom IIS +05 2741 11.5 1111,214 words
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Page 22 Advertisements
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Advertisement35 2007-02-13 22 TVade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in all markets Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices Competitive Commission charges35 words
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Article5419 2007-02-13 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES m local am In SI ta WSS %dy *y» <ty yr dy %yr F<b8 Indcit Oiuiy duny Chany Change Chang* Chang* World Inden Preliminary 1116.1 04 3J 0.3 25 Oi 25 I tAFf Pielinwd'Y ***** 0./ 19 04 2.4 03 14 (urope hviimmar/5,419 words
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Page 23 Advertisements
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Advertisement137 2007-02-13 23 Serious trading. Worldwide. jr J conquer global markets? K||MU QSqQSbI The award-winning lAXO TRADIR ti new available In fingapore, from Scandinavia: Jem Singapore traden worldwide en thif innovative multi'predutf trading platform featuring I*o FOftlX crewei, 21 exchanges, CFDi and futures, Be ready to §pot winning opportunities in global inveftments BBEB9IHHI137 words
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Page 24 Advertisements
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Advertisement1505 2007-02-13 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN MARY H CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Ma aysiQ( Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination PAN VOYAGER JDH/DMT/BJA Destination J SAFE DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN DD MASTER DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER1,505 words
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Advertisement458 2007-02-13 24 mXW WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com vissa voy ramr height sin uc map sav bai ore TAMISIS AE7O6 3201« M 6.4 M 14/02 12/03 21/03 2S/03 29/03 27/03 TAMPA Af7o7 4201 MS 6.4* 27/02 23/03 01/04 OS/04 10/04 01/04 TAPtOU A 1709 4001 MS 6.3 M 20/03 12/04 21/04 25/04458 words
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Page 25 Advertisements
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Advertisement845 2007-02-13 25 WAN HAI INTERNATIONAL Pit LTD CR Nft **********0/* VrrA iiiiu II A I lllirr TEL *****588 (MUNES) FAX:*****163 V\\N 1 WAN Hill I INrS Servka/SookkigsWroctLin. -(1800)*****200 V "nil lini m T&: (*****46 MM MX: (*****4232U MIH: (04) *****00 HUb (04)*****99 V JOH TIL (07) *****23 FAIL (07)251*921 SURIH; (031) *****75845 words
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Advertisement1280 2007-02-13 25 VtSSIL VOY PKL SIN KARACHI DXB BAB PMM UK ICHOR IRAN SHAHRYAR PCL SIM 19/02 20/02 01/03 04/03 03/03 11/03 13/03 15/03 IRANBAABAfI PCL 8189 23/02 24/02 05/03 08/03 09/03 15/03 17/03 19/03 IRAN SATTARI PCL 8190 08/03 09/03 18/03 21/03 22/03 28/03 30/03 01/04 Ivtssii vor sw nhav*swva [m¥l1,280 words
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Advertisement673 2007-02-13 25 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS ffssa I WV I SIM I PKLAWG I COCMOO SHEV* COLOMO~ KDTAPtHWim TfWDW 07 FB 07 FB II FB 14fB HB HAJIVGAMDHI 0)11W MFB 14 FB H FEB FB 25 FB maw 006W WFB I 21673 words
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THE BUSINESS TIMES SHIPPING TIMES
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5051 2007-02-13 26 Wki\ft .111 fl fl ffTETTTgffW. WII.W M llffflfflMM Ji i ,?i J 111 I! fl ?1 ffi 1W fit I !TI 4 /:F1U rTOTfflTffTWffll 1MI lf-1 rcfffl!ffW7TTfgTO!ffl!fflT!nTITIflfgEWnffiE^ HA ETA Advertiser Vessel Voyage Telephone I SIM Dest'n Name Name Number Number To ABU DHABI (AUH)5,051 words
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PROPERTY
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396 2007-02-13 27 Despite poor showing last year, it has structural advantages: report [HONG KONG] Despite a weak performance by Hong Kong-listed real estate investment trusts (Reits) last year, RREEF, the global real estate and infrastructure investment arm of Deutsche Bank, believes the market is396 words
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315 2007-02-13 27 Bloomberg [NEW YORK] Deutsche Bank Private Wealth Management and MFS Investment Management are dumping shares of US real estate investment trusts (Reits) just as Blackstone Group LP pays the most ever for a property owner. Shares of US Reits are the most expensive inBloomberg - 315 words
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Article, Illustration454 2007-02-13 28 ARTHUR SIM - By ARTHUR SIM CHYAU Fwu Group has unveiled plans for its upcoming super-luxury condominium on Grange Road, called Parkview Eclat, with prices expected to be around $3,000 per square foot (psf). Construction costs will be $500-$6OO psf for Chyau Fwu, which owns the454 words
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459 2007-02-13 28 WEE LI-EN - Sector is trading at 52% premium to net asset value: Credit Suisse By WEE LI-EN DEFYING current market bullishness on the property sector, Credit Suisse has warned that property stock valuations may be stretched. According to reports by the bank, the sector is trading459 words
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Page 27 Advertisements
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Advertisement263 2007-02-13 27 #oi i/ 2 2 1 2 16 Orchard Shopping Centre, 18 strata title units totaling freehold iipHBH Either on per floor or enbloc basis Opportunities with existing tenancies Next to era ilium i,il ~fiTB Freehold I Residential Plot Ratio: 1.41 5 storey L Chang' N ear amenities I eateries I263 words
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Advertisement510 2007-02-13 27 Prime residential redevelopment sites District 10 For Sale By Expression of Interest Nathanville at Nathan Road 6,*£ F/xV 77^ X j I Freehold a 5 j S Land Area: 4,288.8 sq m j (approx 46J64sqft H x 1 V\ I Master Plan 2003: J&zEzEb l V M "Residential" at plot510 words
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Page 28 Advertisements
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Advertisement19 2007-02-13 28 ->4 ?sKhls ili* 1: Hlw&m.'JM'' yxr'-W*'' v '"T" S f i* ny nil jnfcnMfllrnH jyf jjjjv 1 t'J '"V19 words
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Advertisement71 2007-02-13 28 37 MACTAGGART ROAD 7-storey detached factory fm Freehold HHP Land area: approx. 1,525.3 sq m 2 9flj Gross floor area: approx. 3,902 sq m FOR SALE BY TENDER Closing: 15 March 2007, Thursday Call Jonathan Tan 8113 9192 rcsno i«r»oi)si# For Lease Office: 301 to 2830 sqft Restaurant/Shop: 334 113671 words
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