The Business Times, 14 February 2007

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Total Pages: 28
1 28 The Business Times
  • 21 1 THE BUSINESS TIMES Wednesday, February 14,2007 JF A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg
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  • 952 1  -  Lender taps supermarket chain's 1.5m customer base By WONG WEI KONG [SINGAPORE] OCBC Bank is tying up with NTUC FairPrice Co-operative to offer no-frills banking products and services at all Fair Price outlets across the island a development that will significantly raise
    ARTHUR LEE  -  952 words
  • 723 1  -  Pact provides economic benefits and is excluded from Competition Act By WEE LI-EN [SINGAPORE] The deal in which Qantas and British Airways (BA) work together is not illegal, the Competition Commission of Singapore (CCS) ruled in its first decision yesterday. Qantas, BA and
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  • Page 1 Advertisements
    • 56 1 INVESTMENT ROUNDTABLE j EXEC MONEY Global stocks: room for optimism PAGE 28 COURT RULING Google breached (jQ Q[o newspapers' copyright O PAGE 15 LONDON PROPERTY Prime homes surge at record pace page 15 MOTORING Mulberry ties up withV-Kool distributor PAGE 26 Richburg Motors eyes more parallel import brands page 26
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    • 6 1 8 |l Markets Digest Page 3
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  • TOP STORIES
    • 616 2  -  OCBC-FairPrice and Citibank-SMRT tie-ups prove there's life still in S'pore banking market HOCK LOCK SIEW By WONG WEI KONG OCBC Bank is often labelled "conservative". Yet its tie-up with NTUC Fair Price Co-op-erative (Fair Price) to offer no-frills banking at all Fair Price outlets island-wide is
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    • 334 2  -  Cat A hits $5,200 while Cat B comes in at $6,002 By SAMUEL EE [SINGAPORE] Chinese New Year hongbaos came early for car buyers, as premiums for the two main classes plunged in yesterday's tender for certificates of entitlement. Category A for cars below
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    • 542 2  -  NKF CIVIL SUIT By MICHELLE QUAH [SINGAPORE] It's finally the end of the road for the longrunning National Kidney Foundation (NKF) civil suit. The suit filed by the new NKF board against its former officers was effectively concluded on Thursday
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    • 547 2 Sin, who is responsible for promoting Singapore's role as a financial centre. SINGAPORE NEWS, PAGE 8 China institute forecasts slower growth in H1 CHINA'S growth would slow moderately in the first half of this year while inflation would rise, a top Chinese government research institute forecast yesterday. The
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    • 466 3  -  Tiger protests against merger By VEN SREENIVASAN [SINGAPORE] Jetstar Asia and its holding company, Orangestar, have won the approval of Singapore's competition regulator for an operational merger with parent Qantas. The Competition Commission of Singapore (CCS) said in a draft decision released yesterday that it believes
      FILE PHOTO  -  466 words
    • 491 3  -  Ist open-ended fund in region aims to attain buying power of US$1b By MATTHEW PHAN [SINGAPORE] Prudential pic and Jones Lang LaSalle have set up what they say is the first open-ended pan-Asia-Pacific property fund. Its initial assets are worth over US$6OO million
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    • 135 3 STI 3,149.16 (-21.30) ST INDEX FUTURES 3.151.00 (-21.00) SIMSCI 384.08 (-3.17) SIMSO FUTURES 384.70 (-2.50) MARKETS Tuesday Change KL COMP 1.234J1 +2.44 NIKKEI 225 17,621.45 +117.12 HANG SENG 20.132.25 -461.16 SET INDEX 692.48 -4.98 JAKARTA COMP 1,727.36 -7.10 MANILA COMP 3,233.91 -0.25 SEOUL COMP 1,418.44 +4.15 SHENZHEN B
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    • 822 3  -  It is Singapore's international standing, rather than individual corporate earnings, that will really be boosted by a tax cut By MICHELLE QUAH WITH a corporate income tax cut considered all but a given in tomorrow's Budget, speculation has been on the "unknowns" the amount
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  • Page 2 Advertisements
    • 277 2 I fc?SMU SINGAPORE MANAGEMENT UNIVERSITY Pursue a Master's degree with SMU. Be inspired by the depth of our programmes and the dedication of our distinguished international faculty. Enhance your professional standing and improve your career prospects. Master of Science in Operations Management New Programme) Programme Features The programme is designed
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    • 8 2 people Roaming Asia-Pacific. www.thepeopleatwork com Asia-Pacific Executive Search
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  • COMPANY NEWS
    • 345 4 SIHUAN Pharmaceutical Holdings Group Ltd, a company dealing in cardiocerebral vascular drugs in China. announced yesterday the lodging of its preliminary prospectus for a mainboard listing on the Singapore Exchange. The production, sale and development of cardiocerebral vascular drugs form a major part
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    • 491 4  -  Overseas operating gain now make up 42% of total group figure By SAMUEL EE BUSES and taxis generated the bulk of ComfortDelGro's full-year net profit, which rose 21.1 per cent to $244.6 million and included an exceptional gain of $42.1 million. Revenue for
      FILE PHOTO  -  491 words
    • 531 4  -  By MATTHEW PHAN A STRONG fourth quarter helped Singapore Technologies Engineering (ST Engg) attain full-year growth in net profits to $445.1 million in 2006, up 12 per cent from the preceding year, as revenues rose 34 per cent to $4.49 billion. Full-year
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    • 493 4  -  By ROLAND LIM REGIONAL Internet service provider Pacific Internet (PacNet) yesterday reported fourth-quarter profits down 71 per cent, despite revenues rising by some 8 per cent. Profits for the fourth quarter came up to US$Bl7,OOO, meaning earnings per share (EPS) of six US
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    • 190 4 OFFSHORE oil and gas industry service provider Swiber Holdings Limited yesterday said it has landed a U*****.6 million project from oil giant Brunei Shell Petroleum Company Sdn Bhd. Swiber said the project is its single largest engineering, procurement, construction, installation and commission (EPCIC) contract and its
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    • 422 4  -  IPO WATCH By MATTHEW PHAN VALUETRONICS Holdings, a Hong Kong-based electronics manufacturer serving a diverse range of sectors, is seeking to raise at least $10 million from an SGX mainboard listing. The firm serves customers with end products in three segments telecommunications, consumer electronics,
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    • 347 4 ENTERING its second year as a listed company, China Essence Group yesterday reported a strong set of third-quarter results, with revenue and net profit rising 36 per cent and 28 per cent respectively. Revenue and earnings for the three months
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    • 461 4  -  Announcement comes ahead of its results today By UMA SHANKARI PROPERTY giant CapitaLand yesterday said it will take a 13 per cent stake in a Japan-listed real estate investment trust (Reit) for 3.23 billion yen (about $41 million). Once
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    • 504 5  -  The group can save costs by sharing facilities, avoiding duplication By RONNIE LIM 01L rig refurbisher KS Energy (KSE), oilfield equipment suppliers Aqua Terra Supply (ATS) and Sin Soon Huat will be merged by year-end, said Indonesian tycoon Kris Wiluan yesterday. He is chairman and
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    • 307 5  -  By JANICE HENG FURNITURE maker HTL International Holdings has reported a second consecutive quarter of net profit fall but stays upbeat about achieving a billion-dollar turnover by 2010. The group said yesterday that its net profit for the fourth quarter ended
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    • 375 5  -  By TAMARA MOHANAN KUPPUSAMY EU Yan Sang International announced yesterday a 52 per cent increase in net profit to $4.8 million for its second quarter ended Dec 31, 2006. The Q2 earnings compare with a restated $3.14 million in the previous corresponding quarter.
      FILE PHOTO  -  375 words
    • 373 5  -  By WEE LI-EN GAMING company Lasseters International reported a 76.4 per cent drop in net profit to Asl.B million (Ss2.l million) for the half year ended Dec 31, 2006, citing an unanticipated forced exit from the US online casino market. A new legislation
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  • SINGAPORE MARKETS
    • 964 6  -  CURRENCIES Holders of Japanese yen, Australian dollar and British pound lose heart LARRY WEE Senior Correspondent rORRECTIVE moves on several currency fronts this past week have opened up some scope to buy into selected Asian destinations at better levels, though the fate of
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    • Article, Illustration
      805 6  -  Compiled by MATTHEW PHAN Better-than-expected 4Q06: Fullyear earnings surged 59 per cent to almost 510 million yuan (Sslol million), exceeding our forecast by 4 per cent. 4Q06 broke from the previous weaker trend as the management deferred the usual two to three weeks' maintenance shutdown in December to
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    • Article, Illustration
      977 6 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Undi Up Down Unch Up Down Unch Multilnd 95 3 001 954 Manufacturing 54 86 64 10 21 15 64 107 79 Commerce 28 23 28 7 6 8 35 29 36 Tpt/Stor/Comms 9 23 9 1 1 1 10 24 10
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    • 545 6  -  STOCKS R SIVANITHY Senior Correspondent BY NOW, traders would have got used to increased volatility in the Straits Times Index (STI), as players wrestle with an incentive to sell based on Wall Street's nervousness regarding US interest rates and an incentive
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  • COMPANY NEWS
    • 494 7 MMI founder Teh may make general offer jointly with successful bidder Bloomberg [HONG KONG] Kohlberg Kravis Roberts Co and Affinity Equity Partners are among the bidders for Singapore's MMI Holdings, which makes parts for computer disk drives, according to three people with
      Bloomberg  -  494 words
    • 434 7  -  By BENITA AW YEONG AUSSINO Group yesterday reported an 8 per cent year-on-year rise in first-half net profit to $5.26 million and said it is gearing up" For an exciting year ahead. The earnings rise for the designer, distributor and retailer of home
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    • 369 7  -  By DONALD URQUHART BUCKING the industry trend, offshore shipping and shipyard group Jaya Holdings has posted a 47 per cent decline in net profit for the second quarter of FY2007. It said the setback came because of accounting regulations covering revenue generated from
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    • 476 7 Chip Eng Seng's net income, revenues up CHIP Eng Seng Corporation saw its net income for the full-year ended Dec 31, 2006, grow over 30 per cent to $14.7 million, from $11.3 million the year before. Its total revenues were up 65 per cent year-on-year to $165.1 million,
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  • Page 7 Advertisements
    • 144 7 3nve*tin 9 jor the generation Our Company (formerly known as MAE Engineering Ltd) wishes to announce the change of its name to Lereno Bio-Chem Ltd. (RCB Registration No. *****1961 C) by a special resolution passed at its Extraordinary General Meeting on 10 February 2007 to reflect the change in its
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    • 914 7 =^=======s FEDERAL INTERNATIONAL (2000) LTD (Registration No. *****7113K) (Incorporated in the Republic of Singapore with limited liability) PROPOSED ADJUSTMENT TO WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY (THE "WARRANTS") 1. INTRODUCTION In an announcement dated 18 December 2006 (the "Announcement"), the Board of Directors
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  • SINGAPORE NEWS
    • 308 8 Creating global Design City THE National Museum of Singapore (NMS), DesignSingapore Council and Vitra Design Museum of Germany have signed a Memorandum of Understanding concerning working together in moves to brand Singapore as a global Design City. The National Museum stands to gain by being elevated to the
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    • 545 8  -  MAS prefers to leave decision to banks' internal Syariah boards By CONRAD TAN BANKS' own advisers are to be left free to say whether their products comply with Islamic law, without intervention by the banking regulator, a senior official of the Monetary Authority of
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    • Article, Illustration
      44 8 Face it, guys. giving a bouquet of dew-drenched roses is the best way to capture your Valentine's heart, but these plush flowers for sale at a stall along Robinson Road may really make her feel all warm andfuzzy inside. ARTHUR LEE
      ARTHUR LEE  -  44 words
    • 343 8  -  New art gallery design contest to be launched Feb 23 By PAMELA JILL CHEW WITH preparations under way for an Architectural Design Competition for the new National Art Gallery, Singapore is a step closer to becoming the leading regional and
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    • 430 8  -  PROPERTY Not meaningful in today's property market he says By ARTHUR SIM PROPNEX will not be copying the move by two estate agencies to guarantee to buy properties they take on if no other purchaser can be found. CEO Mohamed Ismail said
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    • 242 8  -  By UMA SHANKARI A TWO-HECTARE industrial site at Tampines Street 92/Simei Avenue was launched for sale by public tender yesterday, with market watchers expecting the plot to attract strong interest. The site is expected to fetch between $12 million and $14 million, or
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    • 152 8 DEUTSCHE Bank, which has the largest trading operations in Singapore, has moved to One Raffles Quay, becoming the single-largest tenant there with 280,000 square feet of floor space. The chairman of the German bank's management board, Josef Ackermann in town to celebrate the
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  • Page 8 Advertisements
    • 379 8 I Jointly organised /trns RMI by Institute for Mathematical Sciences, NUS Rl«» fcimmrt Joint IMS-RMI Public Lecture Mathematical Aspects of Financial Risk Invited Speaker Professor Hans Fdllmer Humboldt University, Berlin Date Thursday, 15 February 2007 Time 6.30 pm 7.30 pm Venue LT 25, Blk MD7, Faculty of Science 3 Science
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  • BT INVESTMENT ROUNDTABLE
    • 2744 9 INTRODUCTION FOREIGN capital continues to flow at near record levels into Asian and other emerging stock and bond markets. Is it a boom based on the healthy growth of these economies or is it a liquidity-driven bubble that is destined to burst eventually, creating distress that
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  • ECONOMY WATCH
    • 425 10 Reuters, Bloomberg [MUMBAI] India's central bank is concerned about accelerating inflation and will use all monetary policy tools to cool price pressures, deputy governor Rakesh Mohan said yesterday. Mr Mohan also said that when an economy undergoes structural changes there could be "micro imbalances
      Reuters,; Bloomberg  -  425 words
    • 550 10 INFLATION WORRIES Report calls for interest rate rise; inflation hits 5-month high in Jan Reuters, Bloomberg [SHANGHAI] China's gross domestic product growth would slow moderately in the first half of this year while inflation would rise, a top Chinese government research institute forecast yesterday. The
      Reuters,; Bloomberg; AP  -  550 words
    • 183 10 AFP [WASHINGTON] Top US leaders and business groups warned on Monday that the country will lose prosperity and prestige if Congress fails to renew the government's "fast-track" authority to adopt trade deals. Speaking at the launch of a "Trade for America" coalition, US
      AFP  -  183 words
    • 544 10 Full-year forecast revised to 2.7% highest in 6 years Reuters [PARIS] Europe's economy stormed into 2007 with forecast-trouncing fourthquarter performances from Germany and Italy, putting the euro currency zone as a whole on par with US growth rates. Growth surged to
      Reuters; AFP  -  544 words
    • 607 10 Bloomberg [LONDON] Crude oil prices, which plunged below US$5B a barrel in New York on Monday after Saudi Arabia told Asian refiners to expect more shipments next month, slipped further yesterday on signs that the Organisation of Petroleum Exporting Countries
      Bloomberg  -  607 words
  • Page 10 Advertisements

  • MALAYSIA/INDONESIA
    • 389 11 Bloomberg, AP [KUALA LUMPUR] Malaysia's government, in free trade talks to bolster US$49 billion of two-way trade with the US, said negotiations will continue on 58 issues still outstanding, denying the discussions were "deadlocked". Talks between the South-east Asian nation and the
      Bloomberg,; AP; FILE PHOTO  -  389 words
    • 605 11  -  But Kuwaiti lender says there're no plans to raise its takeover offer By S JAYASANKARAN in Kuala Lumpur A CORPORATE cat-and-mouse game is being played out in Kuala Lumpur. As the battle to take over financial services group RHB enters its final
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    • 254 11 Manufacturing sector receives RM2O.2b but faces more competition for funds AFP [KUALA LUMPUR] Malaysia drew a record RM20.2 billion (SsB.B billion) in foreign investments in its manufacturing sector in 2006, but is facing more competition for funds, the government said yesterday. Trade Minister Rafidah Aziz said
      AFP  -  254 words
    • BRIEFLY ASIA
      • 61 11 Reuters [BANGALORE/BEIJING] Tata Consultancy Services Ltd, India's biggest software services exporter, yesterday said it will modernise the China Foreign Exchange Trade System's (CFETS) trading platform. Beijing is keen to bring more trading in Chinese financial instruments back to domestic markets, but to do so it
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      • 9 11 AP (Tokyo)
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      • 70 11 Reuters [LONDON] India's Ranbaxy Laboratories Ltd, which is fighting to overturn Pfizer Inc's exclusivity on cholesterol fighter Lipitor, has launched a generic form of the world's best-selling medicine in Denmark. Ranbaxy chief executive Malvinder Singh said on Monday the move marked the beginning of the company's
        Reuters  -  70 words
      • 57 11 Bloomberg [BANGALORE] Crosslinks Finlease Ltd, part-owned by a director of an Indian low-fare airline, will buy the defunct local car factory of Daewoo Group for 7.65 billion rupees (*****.2 million) to make car parts. Crosslinks won court approval to buy the factory once sought by General
        Bloomberg  -  57 words
      • 37 11 AFP [HANOI] Indian steel maker Essar has teamed up with two Vietnamese state-owned enterprises to build a US$527 million plant in Ho Chi Minh City, Essar said yesterday.
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    • 394 11 Reuters, AFP [JAKARTA] A leading Indonesian environmental group has sued an energy firm and President Susilo Bambang Yudhoyono over a "mud volcano" that has displaced more than 10,000 people in Java, its chairman said on Tuesday. The torrent of hot mud has been flowing since an
      Reuters,; AFP; REUTERS  -  394 words
    • 2535 11 VOL Feb 13 KM W- C000) ASM Realty 1.42 unch 8 Abnc Bhd .0.40 0.01 409 Acp Industries 1.81 0.09 1649 Advance Synergy 0.3S 0.04 9088 AdventaBhd .0J2 unch 43 Ae Multi Hldgs .0.37 unch 174 Affin Holdings .2.40 0.06 9668 Ahmad Zaki Resou .2.61 0.01 28 AicCorp
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  • GREATER CHINA
    • 430 12 AFP [HONG KONG] Investors dumped stock in Hutchison Telecommunications International Ltd (HTIL) yesterday amid concerns for its outlook after it sold off its prized Indian assets. HTIL, a subsidiary of Hong Kong telecom-to-port conglomerate Hutchison Whampoa, announced on Sunday that it will sell a
      AFP; Source: Bloomberg  -  430 words
    • 615 12 Sellers would be asked to factor in share prices into valuation: report [BEIJING] The central government is planning new rules to regulate the sale of state-owned stakes in listed companies in a move to prevent assets from being sold too cheaply, the
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    • 141 12 Reuters [BEIJING] China is likely to take further tightening steps to slow property price inflation, two central bank officials said in remarks published yesterday. The China Securities Journal quoted two statisticians from the People's Bank of China as saying Beijing's previous curbs would not
      Reuters  -  141 words
    • 411 12 He says Honeywell, Boeing items won't aid missile project Reuters [WASHINGTON] President George Bush on Monday paved the way for some Honeywell International and Boeing Co technology exports to China by certifying that they would not be detrimental to the US space industry
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    • 197 12 AFP, Reuters [BEIJING] Nearly 100,000 members of China's ruling Communist Party were punished last year for corruption, but eradicating graft in the near future remains a huge challenge, a senior official said yesterday. "Solving the problem of corruption in a short time is
      AFP,; Reuters  -  197 words
    • 60 12 [ZHENGZHOU] In this photo released by China's Xinhua news agency, an artiste from the Miao ethnic group walks barefoot on the edge of a huge knife during the temple fair of the Spring Festival here, the capital of central China's Henan Province on Feb 12. The steel knife
      AF  -  60 words
    • 210 12 AFP [BEIJING] China suffers the most severe brain drain of any country, raising fears there may not be enough talent and skill around to manage the world's fourth largest economy, state media said yesterday. Out of about one million Chinese that
      AFP  -  210 words
  • Page 12 Advertisements

  • INDIA
    • 519 13 With big cities near saturation point, telecom firms turn focus to rural India Economic Times [NEW DELHI] Bharti Airtel, in which Singapore Telecommunications (Sing Tel) has a more than 30 per cent stake, and Vodafone are looking at rolling out common networks in rural
      Economic Times  -  519 words
    • 452 13 Reuters [NEW DELHI] Ten years after winning the Booker Prize for her first novel, and a decade as one of India's leading social and environmental activists, Arundhati Roy is planning a return to fiction. Roy won the 1997 Booker Prize for her
      Reuters; FILE PHOTO  -  452 words
    • 87 13 Reuters [MUMBAI] India's Bombay Stock Exchange Ltd (BSE) yesterday declined comment on its progress in selling strategic stakes ahead of a planned initial public offering in May, after sources said the board of the German bourse operator had authorised a
      Reuters  -  87 words
    • 230 13 It plans to use IPO proceeds to set up services in Mumbai Reuters [HONG KONG] India's Idea Cellular Ltd has started marketing an initial public offering worth up to USSSSO million on the heels of Vodafone's USsll.l billion investment in India's booming mobile phone market.
      Reuters  -  230 words
    • 495 13 Reuters [MUMBAI] Indian businessman Anil Ambani may have lost the multi-billion race to take control of the country's fourth-largest mobile phone company, but the marathon runner is expected to take the setback in stride. Analysts say losing out to British Vodafone's US$ll.l billion
      Reuters  -  495 words
  • Page 13 Advertisements
    • 1586 13 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PELADANG CHEMICALS (S) PTE LTD Company Registration No. *****0921H (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap 50, that the FINAL MEETING of
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    • 211 13 EVEREN INVESTMENT PTE LTD (In Members' Voluntary Liquidation) Company Registration No. *****5330H (Incorporated in the Republic of Singapore) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the Final Meeting of the abovenamed Company will be held at 77 Robinson Road. #27-00 SLA Building. Singapore *****6 on 15 March 2007
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  • MIDDLE EAST
    • 392 14  -  Agreement likely to be completed before the end of the year By CLARENCE MICHAEL in Dubai REPRESENTATIVES from Singapore and the Gulf Cooperation Council countries are working out the framework for talks about the proposed free trade agreement (FTA), and the
      392 words
    • 157 14 Reuters [MANAMA, Bahrain] Bahrain Telecommunications Co (Batelco), the Gulf state's second-largest company by market value, is considering three acquisitions in its growth plans, including a share in Saudi Arabia's third mobile licence. Batelco chief executive Peter Kaliaropoulos told Reuters on Monday the firm
      Reuters  -  157 words
    • 2690 14 UNIT TRUSTS FUNDS is S£SS55sT iss SSfirJ? B, kS^J 553 1 !i1 ISs Afi Ants Income B U50 1W DWS Ptoo» l+m tq Q A U® imw n»*ir«Mi«iu» ,u v un M—nn ImmUmM 0R >, infMr.WM 1MQ/ n T1 ui »w MM AM* Aim! BBgt (S*paral A£ Amu rem* A
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  • Page 14 Advertisements
    • 27 14 AllianzGI RCM Global Twin-Focus N OWR S EV| H EVYC)EUR I nves TM e NTS. fejgjl W& 'JIB Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS
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  • ASIA-PACIFIC/WORLD
    • 568 15 Bloomberg [BRUSSELS] A Brussels court said Google Inc violated copyright laws by publishing links to Belgian newspapers without permission and ordered the company to remove them, setting a precedent for future cases in Europe. Google, the owner of the world's most-used search engine, must
      Bloomberg  -  568 words
    • 263 15 LATEST US DATA Politically sensitive deficit with China rises 15.4% to a record US$232b AP, Reuters [WASHINGTON] The US trade deficit set a fifth consecutive annual record in 2006, reflecting a huge jump in America's foreign oil bill and an all-time high
      AP,; Reuters  -  263 words
    • 165 15 Reuters, Bloomberg [NEW YORK] Nasdaq Stock Market Inc said yesterday that quarterly earnings more than tripled, helped by strong trade revenue. Fourth quarter net income was US$63 million, or 43 US cents per share, versus US$l7.l million, or 15 US cents per
      Reuters,; Bloomberg  -  165 words
    • 470 15 Reuters [ZURICH] ÜBS, the world's largest wealth manager, reported record full-year profits as its wealth management and investment banking units boomed, hiked its dividend and unveiled a 16 billion Swiss franc (5519.6 billion) share buyback. The Swiss-based group reported full-year net profit of 12.257 billion
      Reuters; AFP  -  470 words
    • 383 15 Bloomberg [LONDON] The price of prime London homes rose at the fastest pace in at least 31 years in January as wealthy European, Indian and Middle Eastern buyers competed for houses and apartments in Belgravia and Knightsbridge. Prices of houses in central London
      Bloomberg  -  383 words
  • Page 15 Advertisements
    • 253 15 Diners Club Card To apply, ca*****6 0980 A World of Exclusive Privileges Treats Diners Club I KBD www.Jmers.com.sg International' To Celebrate With A corporate gift, a company dinner or casual drinking, te Vigne a HHHI selection of wines J for each occasion, j by <^e/ C Vifyn& 40 Holland Grove
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  • AVIATION
    • 569 16  -  It'll be S'pore's first privately owned and operated freighter airline By VEN SREENIVASAN ISINGAPORE] First, it was low-cost carriers. Then executive charter jets. And now Singapore is poised to see the launch of the first privately owned and operated freighter airline. JettB Airlines
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    • 565 16  -  UAE's Wallan gets US$75m order for Cessna aircraft By CLARENCE MICHAEL in Dubai NEARLY US$l billion worth of deals were concluded at the recent Middle East Business Aviation (Meba) conference and exhibition in Dubai, it has emerged. The on-site orders rose to touch
      CLARENCE MICHAEL  -  565 words
    • 10 16 AFP (Hanoi)
      AFP  -  10 words
    • 512 16 Indonesian budget carrier also seeks strategic investors Bloomberg [JAKARTA] Adam Skyconnection Airlines said the Jan 1 crash of one of its aircraft will not affect expansion plans as the Indonesian budget carrier will pursue adding 60 planes within five years
      Bloomberg  -  512 words
    • 2289 16 city ntsm cta Fuan no «HWmM SQ456 1300 Klllllfl LH9771 1740 LH9770 23S0 SO268 1740 SQ269 2350 SQS31 0745 L***** 0645 KL838 2315 SO323 0645 L***** 2345 *1837 1605 SO324 2345 Auckland EK433 0130 5Q281 0850 UL2433 0130 LH9766 2100 SO282 0630 NZ4385 2100 LH9767 2015
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  • Page 16 Miscellaneous
    • 172 16 CRYPTIC CROSSWORD 7 Serbia ends in dirty campaign Trying porridge before DOWN 9 Superficial Labour leader hit Across: 1 Nephew, 4 Drive off, 9 1 One more concerned with with egg, possibly (11) Maroon 10 Spaniels, 12 Line, 13 n U t? (7) 13 Trying again, just in case (9)
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  • SHIPPING/AVIATION
    • 211 17 Bloomberg [DALLAS] Snow, freezing rain and sleet threatened parts of Illinois, lowa, Indiana and Ohio, the first of a series of storms expected to tangle travel across much of the northern US from lowa to Maine. "There is a huge region
      Bloomberg  -  211 words
    • 358 17 Bloomberg [LONDON] British Airways ground workers rejected a proposal to close the airline's £2.1 billion (556.3 billion) pension deficit, raising the possibility of another strike threat at Europe's third-largest carrier. The GMB union, which includes 4,500 baggage handlers and check-in staff, said in a
      Bloomberg  -  358 words
    • Article, Illustration
      51 17 [CHERBOURG, France] The chemical carrier Philippine being battered by heavy seas some 110 km off Roscoff after leaving Rotterdam on Monday. French Marine Nationale sent a helicopter to airlift three crew members injured during the storm The 140-metre-long vessel has now taken shelter in the French port of Cherbourg.
      AFP  -  51 words
    • 271 17 Reuters [SINGAPORE] Spot freight rates for the benchmark Asian route were higher compared with week-ago levels, as shipowners took advantage of port congestion in Australia to raise their offers despite thin demand. Spot charter rates for modern panamax tonnages on
      Reuters  -  271 words
    • 293 17 AFP [BANGKOK) Thailand said yesterday it will not force airlines to move back to Bangkok's old Don Muang airport, which will re-open due to mushrooming problems at the kingdom's new aviation hub. "We will stick to voluntary principles and listen to their
      AFP  -  293 words
    • 528 17  -  Technicians for China yard come from Japan, Korea and Singapore By DONALD URQUHART [SINGAPORE] In preparation for its new offshore rigbuilding focus, Cosco Corporation Singapore has been hiring experienced technical staff from shipyards in Japan, Korea and Singapore for its Chinabased shipyard
      BLOOMBERG  -  528 words
    • 238 17 Bloomberg [SYDNEY] The queue of ships waiting to load coal at Newcastle, Australia, the world's biggest coal-export harbour, increased to a record 61, lengthening shipping delays and raising costs for producers and buyers of the fuel. The number of ships queuing outside
      Bloomberg  -  238 words
    • 234 17 [SINGAPORE] PSA's Singapore terminals and Jurong Port together handled 2.17 million 20-foot standard containers last month, 11 per cent more than in January the previous year. According to Maritime and Port Authority of Singapore data, PSA handled 2.1 million boxes,
      234 words
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  • EDITORIAL & OPINION
    • 562 18 EDITORIAL WHEN the US Federal Reserve raised its short term interest rates for the 17th consecutive time in the current cycle last June by 25 basis points to 5.25 per cent, analysts confidently declared that it was the end of the tightening cycle and
      562 words
    • 702 18  -  THE BOTTOM LINE FRANK CHING WITH the approach of legislative elections later this year and a presidential election next year, President Chen Shui-bian and the ruling Democratic Progressive Party are again activating their base of pro-indepen-dence supporters, this time by stepping
      702 words
    • 1287 18  -  Foreign firms are welcome, the question now is whether they can handle local competition By ANAND GIRIDHARADAS International Herald Tribune NOT long ago, an US$ll.l billion takeover of an Indian company by Britons might well have sent effigy-burning mobs into the street. But that
      International Herald Tribune; AFP  -  1,287 words
    • 1585 19  -  Our tax law still remains silent on how an amalgamation should be treated for income tax purposes By David Toh Shantini Ramachandra m N THE good old days, the only way that two businesses could merge together, without having to go to court about the matter, was
      FILE PHOTO  -  1,585 words
    • 876 19  -  By ANDY MUKHERJEE Bloomberg IF VIETNAM ends up imposing Thai-style capital controls, as some Asia analysts expect, the world's richest nations must take some of the blame. In its statement last weekend, the Group of Seven (G-7) industrialised nations had a real
      Bloomberg; BLOOMBERG  -  876 words


  • 11413 20 SGX MAINBOARD Transaction date: Feb 13 52-Wk TH Last Vol Day Last Quote Div GrYld Nat MCap High Low Code Company Sale C000) High Low 8uyef Salter Cot HI SmU 55 I 5716 1st Software 2 susp US 6 3148 STelecom 10 5 -1 312 11 10 5
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    • 45 20 JD DEFY TIME CONSTRAINTS J ,^^|^||||||l2(|jJjßjhWßP®iß''®''®''''^^''''^ l^l, }*k Sole Distributor Service Centre j>\ t_i. 6238 6678 Fax* 6238 6676 PINK GOLD WATCH WITH CENTRE SECONDS AND DATE DISPLAY, EXCLUSIVE SELF-WINDING AUDEMARS PIQUET MOVEMENT. WATER-RESISTANT TO 20 METRES. W Internet: http://www.audemarspiguet.com ALSO AVAILABLE IN WHITE GOLO
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  • 5345 21 FINANCE COMMODITIES PRECIOUS METALS f* is GOLD (USVtw) Feb 12 Feb 13 GOLD BULLION COINS Hang Kong 663 SO 663.80 IUJP99 664 00 664 30 1 oz 1110 90 1010 fe b l? UBS COLO LUNAR KINEBAR S« tciqn »> SSS HI t SILVER Selling fcgjjj S5f™* Seftna Passbook Acd
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    • 1620 22 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 Loads E Malaysia, 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
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    • 1645 23 WAN HAI INTERNATIONAL PIE LTD a NO: **********0/R T£L*****588 (14LINES) FAX:*****163 \\k|\lAlA|J UAI I IKICC Custom* Service/Bookings Kr«t Line (1800) *****200 V 11 V TV Mil rIMI LIIILJ HI 1H; (03) 334MSM FAX: (03) *****2 M FBIHL (04) *****00 MX: (*****H0W V- JOH TH: (07) *****23 RUt (07)251»921 SUR TH:
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  • THE BUSINESS TIMES SHIPPING TIMES
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    • 557 24 I VESSEL VOY PKL SIN KARACHI DXB BAB DMM BIK KHO« IRAN SHAHRYAR PCI 8188 19/02 20/02 01/03 04/03 05/03 11/03 13/03 15/03 IRAN BAABAEI PCI 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 VESSEL VOY 1
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  • MOTORING
    • 649 26  -  New firm, called Novomatrix, will acquire Globamatrix's window film business By SAMUEL EE KOH Boon Hwee's Mulberry Asia Fund has entered into a joint venture with the global distributor of V-Kool automotive solar film and formed a new company called Novomatrix Pte Ltd. Novomatrix
      YEN MENG JIIN  -  649 words
    • 621 26  -  By C Y CHEW AFTER becoming synonymous with alternative Toyota models, parallel importer Richburg Motors is planning to have different showrooms selling different brands in three to four years' time. "We are looking at offering parallel imports of some Japanese and Continental brands but
      621 words
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  • executive Money
    • 1153 27  -  MONEY MATTERS Slowing growth, stretched markets, sharp sell-offs: are IB signs of the end of the bull or has anything really change LIM SAY BOON GLOBAL equity markets are hinting at a possible correction. But the fundamentals underpinning the four-year international stock rally remain sound,
      1,153 words
    • 632 28 With volatility comes the prospect of what investors want: excess returns [LONDON] Investors worry that an end to super-low market volatility could spell the death of the bull run in stocks, but a Barclays Capital study argues that greater volatility is necessary for prolonged
      632 words
    • 753 28  -  The opportunities that lie in Asia and emerging markets outweigh the risks, Deutsche Bank believes. GENEVIEVE CUA reports GENEVIEVE CUA CENTRAL banks may fret about complacency in equity markets given the strong returns of the last few years, but Deutsche Bank Private Wealth Management's chief
      753 words
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    • 276 27 INVESTING There's room for optimism in equities page 28 p 1 111J 1 v^f^ajEpßßEil k WS® NANYANG S&s3a technological UNIVERSITY Nanyang Business School Nanyang Executive Programs At The Cutting-Edge Of Asian Executive Education j Interpretation and Analysis of Financial Statements and Reports f 12 .13 March 24 25 September 2007
      276 words