The Business Times, 23 February 2007
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2007-02-23
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The Business Times
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Title Section22 2007-02-23 1 The Business Times Friday, February 23,2007 A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg22 words
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777 2007-02-23 1 MICHELLE QUAH - S'pore climbs to second place in Milken index By MICHELLE QUAH [SINGAPORE] The economies of Hong Kong and Singapore are proving to be the best markets in the world for entrepreneurs because of their ease of access to capital. The two777 words
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Article, Illustration630 2007-02-23 1 DANIEL BUENAS - Survey finds large and local companies returned the best performance By DANIEL BUENAS [SINGAPORE] Singapore companies appear to be reaping the rewards of the strong economy. More reported higher profits in the fourth quarter of last year than inSouce: BT-UniSiM Business Climate Survey - 630 words
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Advertisement38 2007-02-23 1 o -u- <•* u '*>■ i I 0- v J IL:L EXEC LIFESTYLE In search of good service in Singapore PAGE 27 ij :<JV- v A /I w CORPORATE RESULTS OCBC: full-year profit jumps 54% to record $2b page 438 words
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Advertisement32 2007-02-23 1 5;; /t r.j> •V- '\RKME r' v f v% p jfh^»«*g£#-* "&**-py' *&L A,^ '<" f 33*$ '*g| A vintage love affair with Latour m 1 f PAGE 29 1 .i 'i* ..''.....JriLf...,32 words
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Advertisement15 2007-02-23 1 MMMWCIIBi wHk US presidential hopefuls i« i i and their books PAGE 20 Maurice Lacroix15 words
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TOP STORIES
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Article674 2007-02-23 2 Record number of older people in S'pore workforce A RECORD number of workers aged over 50 are participating in the Singapore workforce, thanks to the country's strong economic performance, according to a Ministry of Manpower study released yesterday. But participation rates among older female workers continue to lag674 words
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511 2007-02-23 2 ShinSat rejects spying charges, says its operations purely commercial AFP [BANGKOK] Thailand's Department of Special Investigation (DSI) will decide today whether to take over the Kularb Kaew case from the police, its director-gen-eral Sunai Manomai-udom said on Wednesday, the Bangkok PostAFP - 511 words
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Article, Illustration658 2007-02-23 2 DANIEL BUENAS - By DANIEL BUENAS [SINGAPORE] China will remain as the top investment spot for Singapore businesses for the next two years at least, although the United Arab Emirates has now popped up on the radar screen of companies, a survey has found. In theREUTERS - 658 words
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Article94 2007-02-23 2 IN yesterday's report "Changi-Tata venture targets Indian airports", we said Changi Airports International pulled out of a bid last year to upgrade Mumbai International airport. This is incorrect. It pulled out of a consortium that was to bid to upgrade and run New Delhi's international airport. And in "Easier94 words
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Article132 2007-02-23 2 sn 3*288*85 (-4.76) ST INDEX FUTURES 3.289.00 (-5.00) siMsa 402.30 (-1.03) SIMSa FUTURES 402.50 (+0.90) MARKETS Thursday Change KLCOMP 1,276.52 -1.70 NIKKEI 225 18,108.79 +195.58 HANG SENG 20,809.23 +J 57.81 SET INDEX 693.61 i1J3 JAKARTA COMP 1.806.44 -8.13 MANILA COMP 3,365,53 -13.39 SEOUL COMP 1.465.41 +14.03 SHENZHEN B132 words
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Article, Illustration164 2007-02-23 3 ARTHUR LEE - By ARTHUR LEE [SINGAPORE] About 1,400 people attended UOB's commercial banking dinner at Swissotel The Stamford last night. But the well-off did not take centrestage. That honour went to six youngsters from the Children's Aid Society who put on a dance performance toARTHUR LEE - 164 words
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615 2007-02-23 3 MATTHEW PHAN - Participation rates point to strong economic performance By MATTHEW PHAN [SINGAPORE] A record number of workers aged over 50 are participating in the Singapore workforce, thanks to the country's strong economic performance, according to a Ministry of Manpower study released yesterday. But615 words
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Page 2 Advertisements
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Advertisement449 2007-02-23 2 people Give yourself a break. Call us. DB Platinum IV SICAV under Part 1 of the law of 20 December 2002 concerning undertakings for collective investment Registered Office 69, route d'Esch, L-1470 Luxembourg R.C.S. Luxembourg B-85.828 The shareholders of DB Platinum IV (the "Company") are hereby informed that, at the449 words
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Advertisement4 2007-02-23 2 > *,r >15] I- HHHHHHHHHHHHhHHHHHII4 words
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Page 3 Advertisements
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Advertisement63 2007-02-23 3 Available at: All Watches Wisma Atria Tel: 6733 2823 FJ BENJAMIN Cortina Watch Millenia Walk Tel: 6339 1728 Dickson Watch Jewellery Wisma Atria Tel: 6732 8900 Suntec City Tel: 6336 4871 Exclusive Distributor and Service Centre Tel: +65 6737 3786 Sincere Fine Watches Lucky Plaza Tel: 6737 4593 Vivo City63 words
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COMPANY NEWS
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Article, Illustration511 2007-02-23 4 PAMELA CHEW - By PAMELA CHEW OSIM International's net profit for its fourth quarter ended Dec 31, 2006, jumped 85 per cent to $29.9 million from $16.2 million in the previous corresponding period. The Q4 results were helped by aYEN MENG JIIN - 511 words
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Article, Illustration933 2007-02-23 4 WONG WEI KONG - Healthy growth across key markets, divestment gains boost bottom line By WONG WEI KONG OCBC Bank's net profit rose 54 per cent to a record $2,002 billion for the financial year ended Dec 31, 2006, boosted by growth across all major marketsARTHUR LEE - 933 words
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798 2007-02-23 4 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN STARHUB last week delivered a strong set of results for the fourth quarter of 2006 and, not unexpectedly, increased its payouts to shareholders. Along with rivals Sing Tel and Mobile One, Star Hub has been steadily798 words
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Article282 2007-02-23 4 ROLAND LIM - By ROLAND LIM REGIONAL telecommunications service provider Pacific Internet (PacNet) said yesterday that it had obtained approval from the Infocomm Development Authority of Singapore (IDA) for the appointment of three new independent directors, ahead of the Feb 28 deadline set by Nasdaq. The Nasdaq-listed firm's three282 words
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396 2007-02-23 4 WEE LI-EN - By WEE LI-EN A BID by the two directors of Koon Holdings to stop the reclamation company issuing 12 million warrants to Indian-listed Valecha Engineering failed in the High Court yesterday. But Koon executive chairman and founder Oh Keng Lim told BT396 words
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469 2007-02-23 6 CONRAD TAN - Keppel Corp arm wins $35m Dutch waste-to-energy plant contract By CONRAD TAN KEPPEL Seghers, Keppel Corporation's environmental technology arm, is chasing over a billion dollars in new contracts even as it clinches a $35 million contract to expand and upgrade an existing waste-to-energy469 words
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321 2007-02-23 6 TAMARA MOHANAN KUPPASAMY - But full-year profit slides 42% as one-off gains fall By TAMARA MOHANAN KUPPASAMY NOBLE Group, a major commodities and supply chain manager, yesterday announced a 70 per cent increase in net profit to US$5l million for the fourth quarter ended Dec 31,321 words
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Article5207 2007-02-23 6 UNIT TRUSTS FUNDS AIM Amro Asset Mgt (S'pore) Slat Europe Eotv!** 1081/ Stai Europe Bond 1.182/ Star Europe 8al 1-2*3/ Star Asian Tiger Eqqr 135# Star Asia Bond 1.321/ SBr Asia Balarad 1.126/ Stat Global Technology fund!" 0218/ MuMStFd- 0979/ S»AsieBond<U5D) 0*1/ GfcMuMStUSO 1159/ Asia Bond EdA 10t6/ Asia Bond5,207 words
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391 2007-02-23 7 TAN WEN LI - It has proposed a bonus issue of one new share for every four existing shares By TAN WEN LI AP OIL International is back in the black for its 2006 financial year. The lubricant and chemical specialist announced yesterday a net profit391 words
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Article464 2007-02-23 7 Trek 2000's profit climbs 74.2% ENGINEERING solutions provider Trek 2000 International yesterday said that 2006 net profit jumped 74.2 per cent to US$5.1 million on the back of a 13.2 per cent increase in revenue to US$116.3 million. IFS Capital's earnings up 2.1% IFS Capital Limited said that464 words
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322 2007-02-23 7 TETTYANA JASLI - By TETTYANA JASLI DESPITE a 0.6 per cent dip in group turnover to 119.7 million, Haw Par Corp's net profit surged 30 per cent to $104.4 million for its full year ended Dec 31, 2006. The healthcare and leisure business group attributed the322 words
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278 2007-02-23 7 UMA SHANKARI - By UMA SHANKARI THE Straits Trading Company, an investment holding group that counts resources and property development and investment among its activities, yesterday said that fourth quarter net profit climbed to $98.6 million, from $26.7 million for the same three months in 2005.278 words
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Page 4 Advertisements
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Advertisement80 2007-02-23 4 INVITATION TO OFFER 1997 HAWKER 800XP Serial *****8 Owned and operated by the Queensland Government since new. Current time 4173.7 hrs 3133 landings Engines have just completed 2iOO ft 4200 hr inspections Aircraft available for immediate delivery U557,650,000* (plus Goods and Services Tax if applicable) For information, specifications, terms and80 words
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Page 5 Advertisements
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Advertisement32 2007-02-23 5 M '\'A 2 ru in fnatinn Rpcnrt Mfidieal Citv IV I ICAI AVA Southern Industrial Logistics Clusters Johor State New Administrative Centre Waterfront Precinct EduCity International Destination Resort Medical City I/\f f\32 words
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Advertisement10 2007-02-23 6 Allianz RCM Global Twin-Focus-Fund Look out for infinite investment opportunities.10 words
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Advertisement50 2007-02-23 7 PENG KWEE 01-45 A PENINSULA PLAZA 6334 0155 02-90K PEOPLE'S PARK COMPLEX 6327 4628 01 -44 PEOPLES'S PARK CENTRE 6533 4619 01-45 BENCOOLEN 6333 1921 01 -46 PENINSULA PLAZA 6334 5929 01-51 ORCHARD PLAZA 6836 6608 01 53 LUCKY PLAZA 6732 3243 0% Interest instalment plan for Credit Cards available50 words
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Advertisement51 2007-02-23 7 Official Airline Official Brew Official Champagne Official Cargo Official Hotel Official Magazine Official Newspaper Official Radio Station 0 Lufthansa [fffßEi mm m. PRESTIGE life! Class C)s fm h a m p a c,"«r m nßrtro®* th rr*Am timb Supporting Partners NC Eseries Hfl SlUigapcmP WEBERSHANDWICK HUB V HRJflr tsenes HHB51 words
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SINGAPORE MARKETS
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Article, Illustration508 2007-02-23 8 R SIVANITHY - STOCKS Blue chips suffer loss of momentum with the ST Index closing 4.76 points down R SIVANITHY Senior Correspondent BLUE chips mainly the banks, property stocks and Sing Tel have driven the Straits Times Index to several new highs this year and in so doing xSource: Bloomberg - 508 words
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Article, Illustration961 2007-02-23 8 MATTHEW PHAN - Compiled by MATTHEW PHAN SembCorp Industries Feb 22 dose: $4.62 PHILLIP SECURITIES RESEARCH, Feb 22 FY NET profit surges past $1 billion on one-time gains: Excluding net profit from discontinued operations and exceptional items, SembCorp Industries' (SCI) net profit grew a solid 51.7 per cent to $371.9 million,Source: Bloomberg - 961 words
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Article, Illustration917 2007-02-23 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up P—m Uth Ub Down Undi tfr Down Multi Ind 7 4 6 1 0 0 8 4 6 Manufacturing 80 67 69 17 12 20 97 79 89 Commerce 34 30 18 8 6 4 42 36 22 Tpt/Stof/Comms 18 13 9 2917 words
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Article, Illustration524 2007-02-23 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent GOLD was the undisputed star in Asian financial markets yesterday, closing limit-up in Tokyo futures trading at September 1985 highs after US inflation fears resurfaced overnight, and after US oil prices ventured above US$6O a barrel again. In the physicalSource: Reuters - 524 words
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SINGAPORE NEWS
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Article, Illustration341 2007-02-23 9 Sources say son of Raj Kumar given option to buy property at $32-35m A PARTY linked to Royal Brothers is said to have been given options to buy all the units in Satnam House at High Street for a total of about $32 millionFILE PHOTO - 341 words
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254 2007-02-23 9 THE Housing and Development Board (HDB) is releasing 250 unsold five-room and executive flats for sale on the open market through four housing agencies with immediate effect. The flats, located in Jurong West, Sengkang, Bukit Merah, Geylang and other towns,254 words
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305 2007-02-23 9 At least two of the programmes will be rolled out in 2007 SINGAPORE'S Public Utilities Board (PUB) will use its experience in water management to teach officers from the region about water policies and governance, together with Unesco, the United Nations Educational, Scientific and305 words
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236 2007-02-23 9 THE Ministry of Information, Communications and the Arts, in association with the Singapore Institute of Architects, has launched an international design competition to seek the best design concept for a new art gallery at City Hall and the former Supreme Court236 words
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178 2007-02-23 9 A NEW advisory board chaired by Tommy Koh will guide the law facidty of the National University of Singapore, replacing a steering committee set up in 2001. The board, announced yesterday, will advise the dean of law and NUS vicechancellor .and liaise between178 words
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Page 9 Advertisements
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ECONOMY WATCH
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525 2007-02-23 10 But officials believe risks from housing slowdown have eased AP Reuters [WASHINGTON] Federal Reserve policy-makers saw a lessening of economic threats from the housing slump but continued to worry about inflation, as they decided last month to leave existing interest rates intact. AccordingAP; Reuters - 525 words
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Article, Illustration433 2007-02-23 10 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo THE yen tumbled yesterday after Bank of Japan governor Toshihiko Fukui admitted that Japan could slip back into deflation again quite soon, and that the BoJ would need to be cautious about raising interest rates againBLOOMBERG - 433 words
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355 2007-02-23 10 Reuters [TOKYO] Asia's huge foreign reserves can and should be used more productively for the region's infrastructure development, a senior official of the Asian Development Bank said yesterday. Rajat Nag, the ADB's managing director general, said a portion of the region'sReuters - 355 words
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567 2007-02-23 10 Shares of NovaStar fall 43% as it posts surprise Q4 loss NYT [NEW YORK] The toll is mounting for lenders that operate in the riskiest, and until recently, the fastestgrowing, segment of the mortgage business. Shares of Nova Star Financial, which makesNYT - 567 words
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Page 10 Advertisements
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Advertisement1848 2007-02-23 10 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JOSEPH LBE MTERtCL (PTE) LTD (In Creditors' Voluntary Liquidation) Reg. No. *****011 in NOTICE OF RESOLUTION At an Extraordinary General Misting of In abovenamed Company duly convened and held at 79 Roblneon Road 924-081,848 words
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Advertisement440 2007-02-23 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 BP ASIA PACIFIC SHARE SCHEME (TRUSTEE) PTE LTD (Companies No. *****6400 D) (In Members' Voluntary liquidation} NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of the Companies Act, Cap. 50 that the Final Meeting of Members440 words
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Page 11 Advertisements
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Advertisement1489 2007-02-23 11 Dear Shareholders The Board of Directors of Noble Group Limited is pleased to present below the Year ended Year ended audited consolidated financial results of the Group for the year ended 31 December 31 December 31 December 2006 together with corresponding results for the year 2005. Revenue for the year1,489 words
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MALAYSIA/INDONESIA
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Article, Illustration421 2007-02-23 12 Country still needs to guard against large, speculative capital flows: Zeti Reuters [KUALA LUMPUR] Malaysia may eventually allow the ringgit to be traded internationally again, but the small open economy will have to move cautiously on the issue, the country's central bankReuters - 421 words
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478 2007-02-23 12 LAUREL TEO - By LAUREL TEO in Jakarta A NEW study by the World Bank suggests that decentralisation of government in Indonesia seems to have improved rather than weakened the quality of basic public services debunking a popular perception. In the study, 32,000 people, including 13,000 households,478 words
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204 2007-02-23 12 Reuters Bernama [KUALA LUMPUR] Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU) agreed yesterday to invest USS3B2 million in Malaysian banking group Bumiputra-Com-merce Holdings Bhd to cement a strategic alliance signed four months ago. Bank of Tokyo, a unit of the world's biggest bank byReuters; Bernama - 204 words
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364 2007-02-23 12 PAULINE NG - By PAULINE NG in Kuala Lumpur KOREAN timber and wood company Dongwha Holdings expects Malaysia to grow in importance in its medium density fibreboard (MDF) business following the acquisition this year of one local MDF company and the assets of364 words
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Article2468 2007-02-23 12 VOl F«h22 MM W- fjjl| AIM Realty 1.56 -0.02 53 AbricBhd 0.48 0.01 993 Acp Industries 1.99 -0.03 1026 Advance Synergy .0.41 0.01 5329 AdventaBhd ...a 0.89 unch 232 Ae Multi Hldgs .047 unch 1980 Aff in Holdings -2.50 undt 7856 Ahmad ZakiRtfou .2.76 -0.04 47 AkCorp 0.762,468 words
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Advertisement1309 2007-02-23 12 QIAN HU CORPORATION LIMITED (incorporated in the Republic of Singapore) k (Company Registration Number: *****6124N) I --jii V > #> NOTICE OF ANNUAL GENERAL MEETING NOTICE IS hereby given that the Eighth Annual General Meeting at the Company win be held at Mo. 71 Jalan Lekar, Singapore *****0 on Monday,1,309 words
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GREATER CHINA
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BRIEFLY ASIA
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91 2007-02-23 13 Bloomberg [TAIPEI] YuShyi-kun, chairman of Taiwan's ruling Democratic Progressive Party and a former premier, said he will run for president next year, becoming the third politician to contest the election. Mr Yu told supporters in his home Ilan county that he'll compete inBloomberg - 91 words
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103 2007-02-23 13 Bloomberg [NEW DELHI] India's cabinet approved a plan to give financial incentives to semiconductor manufacturers such as Intel Corp to attract more investments. India will offer incentives of between 20 per cent and 25 per cent of the capital expenditure for semiconductors and plasmaBloomberg - 103 words
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101 2007-02-23 13 Reuters [BANGALORE] Infosys Technologies, India's second-largest software exporter, may acquire Britain's Smart Stream Technologies for more than £100 million (*****.2 4 million), the Economic Times newspaper said. Smart Stream provides solutions for financial services sector and is majority owned by US private equity fund TAReuters - 101 words
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105 2007-02-23 13 Bloomberg [JAKARTA] Illegal trade in timber costs Indonesia US$3 billion a year in economic losses as two-thirds of forest products sold in the country are sourced unlawfully, the World Bank said in a report. "Large-scale forest conversion continues to feed pulp mills," itBloomberg - 105 words
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89 2007-02-23 13 Bloomberg [JAKARTA] PT Telekomunikasi Indonesia said its profit may have risen more than 10 per cent last year, from 7.99 trillion rupiah (Ssl .3 billion) in 2005. Half of its revenue will come from the cellular phone unit of Telkom, president director ArwinBloomberg - 89 words
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88 2007-02-23 13 AP [NEW DELHI] Indian financial services company J M Financial Ltd and US-based Morgan Stanley yesterday said they have decided to end their joint ventures in investment banking and brokerage operations. Morgan Stanley has agreed to pay US$445 million to J MAP - 88 words
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396 2007-02-23 13 Telco may also sell its HK business to parent Hutchison Whampoa: report [HONG KONG] A report from investment bank ÜBS predicts that Hutchison Telecommunications International (HTIL) may sell its emerging-markets business to Egypt-based Orascom Telecom and its Hong Kong business to its396 words
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Article, Illustration405 2007-02-23 13 IHONG KONG] Hong Kong Exchanges and Clearing chief executive Paul Chow Man-yiu has dismissed the proposal by a leading mainland official to create an Aand H-share arbitrage platform. saying that widespread cross-border stock trading is not feasible as long as the yuan isBLOOMBERG - 405 words
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Advertisement42 2007-02-23 13 Control house- n 3°Y t Shopping, spa and facial. ive flat at Most desired purchsset An all-body massage fW JH Hougang. chair they both can pamper lyj IJb£|r I 81? Wk—im 1 I ||g\ ;:f% I BBS sa w«-& LIANHE ZAOSAO ■■HHSB9HHI42 words
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INDIA
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Article, Illustration504 2007-02-23 14 Bharti plans to invest US$2.5b in next eight years to set up retail chain AP Bloomberg [NEW DELHI] A top WalMart Stores Inc executive arrived in India yesterday for talks with India's Bharti Retail Pvt Ltd on hammering out details of aAP; Bloomberg; AFP - 504 words
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448 2007-02-23 14 SIDDHARTH SRIVASTAVA - By SIDDHARTH SRIVASTAVA in New Delhi WITH several huge international takeover deals already carried out in the first few weeks of this year, Indian analysts predict that the value of mergers and acquisitions (M&As) involving the country's companies will double to US$lOO448 words
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410 2007-02-23 14 Sale could fetch 26.7b rupees and lead to govt's exit from India's biggest carmaker Bloomberg [NEW DELHI] India's government has invited bids for its entire stake in Maruti Udyog Ltd, a sale that may fetch as much as 26.7 billion rupeesBloomberg - 410 words
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Page 14 Advertisements
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Advertisement9 2007-02-23 14 The second best place to find out what's cooking9 words
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ASIA-PACIFIC/WORLD
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Article, Illustration662 2007-02-23 15 Search giant to unveil communications and productivity software bundle NYT [SAN FRANCISCO] Google is taking aim at one of Microsoft's most lucrative franchises. Google, the Internet search giant, was to unveil yesterday a package of communications and productivity software aimed at businesses, which overwhelmingly relyNYT; AFP - 662 words
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314 2007-02-23 15 AL LABITA - By AL LABITA in MANILA US BEVERAGE firm The Coca Cola Company (TCCC) has regained full ownership of its Philippine unit by buying the 65 per cent stake of conglomerate San Miguel Corp (SMC) for US$59O million. The deal, announced yesterday by both314 words
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WORLD WATCH
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77 2007-02-23 15 Reuters [SEOUL] South Korea's unpopular president yesterday said he will quit the liberal Uri Party to give it a chance to boost its sagging support ahead of presidential elections in December that the opposition looks likely to win. Roh Moo-hyun, whose approval rating ofReuters - 77 words
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88 2007-02-23 15 AFP [SAN FRANCISCO] Just weeks after stripping Google-owned You Tube of its video clips, Viacom has struck a deal to offer broadcast-quality programmes on Joost, the Internet television website. Viacom said it would make a full range of programmes from its MTV and BETAFP - 88 words
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Article58 2007-02-23 15 AP [FRANKFURT] Deutsche Boerse said on Wednesday its profit in 2006 was up 56 per cent from the year before because of a solid increase in the volume of trading and tight fiscal discipline. The company earned 668.7 million euros (Ssl .3 billion) last year,AP - 58 words
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73 2007-02-23 15 Bloomberg [TOKYO] Citigroup may seek to take over its Japanese investment banking venture with Nikko Cordial Corp after an accounting scandal led to the resignation of six top Nikko executives, sources said. While Citigroup wants to keep the venture intact to preserveBloomberg - 73 words
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82 2007-02-23 15 Bloomberg [MANILA] The Philippine central bank will relax foreign exchange rules for commercial banks and individuals and allow companies to make more outward investments. The central bank will allow lenders to hold as much as US$5O million of foreign currency assets in excess of foreign-denominatedBloomberg - 82 words
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Article, Illustration330 2007-02-23 15 NYT [SAN FRANCISCO] Apple and Cisco Systems have decided that a name is not worth fighting over. On Wednesday, the companies settled their dispute over the iPhone trademark. Six weeks ago, Cisco filed a lawsuit in federal court in San Francisco over Apple'sNYT - 330 words
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155 2007-02-23 15 Bloomberg [SACRAMENTO] The largest US pension fund will invest US$BOO million in two private equity funds that invest in clean energy technology and in emerging foreign markets. The California Public Employees' Retirement System said the clean energy and technology fund will focusBloomberg - 155 words
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295 2007-02-23 15 Reuters Bloomberg [LONDON] Europe's biggest bank, HSBC Holdings, has ousted the head of its North American operations, Bobby Mehta, in the wake of its shock profit warning and problems in its US mortgage book. HSBC said Mr Mehta stepped down as chiefReuters; Bloomberg - 295 words
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Advertisement24 2007-02-23 15 r j |r radio 91 fTFfTfflßfTTTTfffli I i^UHmhhll Radio 91.3 is managed by tRB SPH Unionworks, a subsidiary of Singapore Press Holdings i 224 words
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AVIATION
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Article, Illustration606 2007-02-23 16 Pierson prefers it to be a normal company like Boeing or BAE Reuters [PARIS] Franco-German tensions could sink Airbus parent European Aeronautic, Defence Space Co (EADS) unless its shareholder structure is radically overhauled, the man who steered Airbus through many previousReuters; FILE PHOTO - 606 words
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473 2007-02-23 16 Bloomberg fLONDON] BAE Systems pic, Europe's biggest weapons maker, said profit tripled last year on sales of Bradley fighting vehicles in Iraq and disposal of a stake in Airbus SAS. Net income rose to £1.64 billion (Sss billion), or 49.2 pence a share,Bloomberg - 473 words
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Article, Illustration529 2007-02-23 16 AP Reuters [FRANKFURT] The chairman of EADS NV, the parent of troubled plane maker Airbus, said on Wednesday that any restructuring of the company would be based on financial interests, not nationalism. Manfred Bischoff, chairman of EADS the Fran-co-German parent company of AirbusAP; Reuters - 529 words
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246 2007-02-23 16 AP [JAKARTA] All seven Boeing 737-300 airplanes operated by Indonesian budget airline Adam Air have been grounded by the government after a plane buckled during a hard landing, forcing a temporary airport closure, officials said yesterday. Aviation authorities will examine all 737-300s owned byAP - 246 words
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367 2007-02-23 16 Reuters [BRUSSELS] The European Union is expecting tough haggling with the US on sharing air passenger data, diplomats said as the bloc set its negotiating guidelines before a first round of talks next week. Under a temporary agreement reached as partReuters - 367 words
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Article2335 2007-02-23 16 grr fuwt ita man »n> star 3$ ;a SQ268 1740 ***** 2350 S&T L SBiSS KUS8 2315 SQ323 0645 L***** 2345 KL837 1605 5Q324 2345 Mkfm SQ348 0100 Auckland EK433 0130 SQ281 0835 UL2433 0130 LH9766 2100 SQ282 0630 NZ4385 2100 LH9767 2015 5Q285 2100 NZ43862,335 words
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SHIPPING
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Article, Illustration543 2007-02-23 17 DONALD URQUHART - Group expects significantly higher operating costs at US ports By DONALD URQUHART [SINGAPORE] Container shipping lines, including Neptune Orient Lines, operating on the westbound transpacific from the US to Asia have announced price hikes and higher bunker surcharges asBLOOMBERG - 543 words
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340 2007-02-23 17 Bloomberg [SINGAPORE] Daewoo Shipbuilding Marine Engineering Co, the world's third-largest shipyard, had fourth-quarter profit that more than doubled from hedging the won's appreciation against the US dollar. Net income climbed to 73.6 billion won (*****.9 million) from 31.9 billion won a year earlier, basedBloomberg - 340 words
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Article, Illustration285 2007-02-23 17 Bloomberg AP [JAKARTA] At least 16 people died when a fire broke out on an Indonesian ferry on its way to Bangka Island from capital Jakarta yesterday morning. The fire sent panicked men, women and children jumping into the Java Sea,Bloomberg; AP; REUTERS - 285 words
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898 2007-02-23 17 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR THE Supreme Court of Florida last week overruled a district court and held that that a cruise ship was not vicariously liable for the medical malpractice of the ship's doctor. The respondents in this case, the Carlisle family, embarked on898 words
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362 2007-02-23 17 Bloomberg [NEW YORK] Teekay Shipping Corp. the world's largest oil-tanker owner, said fourth quarter net income dropped 58 per cent as lower shipping rates reduced revenue. Net income fell to US$6O.3 million, or 81 US cents a share, from U*****.6 million, orBloomberg - 362 words
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Advertisement31 2007-02-23 17 B Lianhe Zaobao m I Taiwan I I looks at possible I I negative impact I ijlj I in its market I I AWIOOOfcARfIi I jTijJiTi »)7nTo i [*iiim\M I VB!^BDDERuBD3BBuDRIfISBIEBE3KEiHH31 words
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EDITORIAL & OPINION
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Article527 2007-02-23 18 EDITORIAL THE bulls are rampant at the Kuala Lumpur stock exchange. On Wednesday, the first working day in the Year of the Pig, the benchmark Composite Index of Bursa Malaysia hit a 13-year high with total market capitalisation crossing the RMI trillion (***** billion) mark.527 words
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Article, Illustration1466 2007-02-23 18 HENRY CHU - Bad floods there have wiped out homes and paddy fields, and raised the salinity of water By HENRY CHU LAT-WP GLOBAL warming has a taste in the Bangladeshi village of Bhamia. It is the taste of salt. Only a few years ago.LAT-WP; REUTERS - 1,466 words
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Article, Illustration768 2007-02-23 18 ANDY MUKHERJEE - THE BOTTOM LINE ANDY MUKHERJEE Bloomberg GOVERNMENTS in rich nations are spending billions of dollars to buy a clearer conscience over climate change. Are they getting their money's worth? Enlightened individuals, those who stay awake at nights wondering what they can doBloomberg - 768 words
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Article, Illustration949 2007-02-23 19 TYLER COWEN - Loyalties to cultural goods and services are about social networking and choosing an identity and an aspiration By TYLER COWEN American movies and music have done very well in some countries, like Sweden, and less well in others, like India. This may sound like aAP - 949 words
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971 2007-02-23 19 MARK GILBERT - By MARK GILBERT Bloomberg Five minutes ago, advisers barnacled to the investment industry were championing hedge funds as balm for the swollen deficits afflicting pension funds. Now, the purveyors of contradictory counsel have decided hedge fund investments are more placebo than panacea.Bloomberg - 971 words
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489 2007-02-23 19 Vivian Heng - LETTER TO THE EDITOR Vivian Heng Deputy Director Corporate Communications Health Sciences Authority WE refer to Mr Leong Sze Hian's letter "Regulatory costs hurting consumers" (BT, Feb 15). Medicinal products are subject to regulation in order to ensure that they meet appropriate489 words
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Page 19 Advertisements
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Advertisement31 2007-02-23 19 |H »«w«I «"<ttii »ii«n w«t mt mm jlutein imti«ii*Wt »w»aw. EK IPHOTOVIDEO" I m PHOTO VIDEO IMAGING pb& £;|fl g- HT 1% H Wfe. jjpr B J' U mess**" HB^2^|0^1ijS£MHB^HHBHdHHl BMH31 words
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FOCUS: CANDIDATE LIT
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Article, Illustration1336 2007-02-23 20 Hillary Clinton, Barack Obama, John McCain they've all done it, and so have a host of other wordy US presidential hopefuls. They all have published books, political or otherwise. What gives? NYT THE lineup of potential presidential candidates is a mishmash of senators, governors, former bigcity mayorsNYT; AP PHOTOS - 1,336 words
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Page 20 Advertisements
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Advertisement8 2007-02-23 20 Choo— on* Mum from our ;j& favour** ohote*8 words
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Article9433 2007-02-23 21 SGX MAINBOARD Transaction date: Feb 22 52-Mi M Last Vol Day LartQuote Dfcr G»W Net MCap High Law Cod* Conyy S«k COM) Low fcy Sdkr Cvr TK. S«J 115 6 3148 ,0.5 io 11 49 1.7 116 52 7 34.5 22 5834 ASook 26.5 unch 331 26.5 269,433 words
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Article7012 2007-02-23 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES m kol am latS IbU» <ty %ff K dy %yt %*f *yr mi »wd»» Own Owng* Ovng* Chang* Chang* 1141i) -04 W -05 J 3 OS 33 IMMmq 1156.1 -04 44 A7 l£ 4.1 U fctnuePrefermarv 1547.4 -07 3L6 -03 3J 49 3l07,012 words
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Page 23 Advertisements
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Advertisement12 2007-02-23 23 Goodway Agencies (Shipping) Pte Ltd Tel 6743 0746 Fax 6748 9530 www.goodwaylogistics.com12 words
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The Business Times Shipping Times
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Advertisement426 2007-02-23 25 IRISL, 9lh® Ikio&ssi) to afo© ffiMkHlte ®6@®fpQ3 (ZsXßifalimM&ms] QGllS&s) ©ft) QihifizWgjlh (bUM dGKstttng) ifa? Q® ipefiißite to /taa ®3 wsfll] ®s Q® @oQo§* G&yinifitim to (?£>© ihisQmf) Mam* SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE AGENT IN MALAYSIA: AGENT IN INDONESIA: IRISL ASIA PTE LTD SINOSE MAflmidE PTE LTD BOUSTEAD SHIPPING426 words
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Advertisement315 2007-02-23 25 I|gft GLORY NAVIGATION GROUpI I( SING 1970 1 OWNS OPERATES THE YOUNGEST FLEET wnw TWELVE 7,000 DWT TWEEN DECKERS I COVERING a THE ENTIRE ASIA PACIFIC PORTS 1 B REGULAR WEEKLY SERVICES: a IKAOHSIUNG A CHINESE PORTS, HONG KONG TO* PCOM J SOUTHEAST ASIA J SMGAPOM MAP WOON SMPPMG (S)315 words
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executive lifestyle
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642 2007-02-23 27 jaime ee - off the cuff jaime ee CONSIDERING the way people are continually being conned by email scams, they must have been written by highly creative writers. Possibly aspiring screenwriters, even. It makes you wonder with the Oscars coming up, could these scammers write the642 words
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Article, Illustration1950 2007-02-23 27 GEOFFREY EU - GEOFFREY EU talks to industry professionals about the standard of service in Singapore and what can be done to improve it GEOFFREY EU WHEN Day-Lin Koh went on a special dinner date to a well-known up-market restaurant a few years ago, she was expecting1,950 words
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CINEMA
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Article, Illustration781 2007-02-23 28 GEOFFREY EU - GEOFFREY EU predicts who'll win. Still, he says, you never know —this just might be an exceptional year GEOFFREY EU IT'S not very often that a film with eight Oscar nominations has any right to feel slighted by the 5,800 voting members of the781 words
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Article, Illustration575 2007-02-23 28 PARVATHI NAYAR - By PARVATHI NAYAR DARREN Aronofsky is a director with a great sense of complexity and visual style, as seen in Pi and Requiem for a Dream. It's reputedly taken him some seven years to convert what he says was a "rough sketch on a575 words
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Article, Illustration647 2007-02-23 28 GEOFFREY EU - By GEOFFREY EU DURING the course of his research for a World War II film about the battle for Iwo Jima, director Clint Eastwood found much more material than he could use for a single movie, so he did what any other award-win-ning, forward-thinking filmmaker647 words
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408 2007-02-23 28 GEOFFREY EU - By GEOFFREY EU THE shiny outfits, the pompadoured hairdo, the brassy, larger-than-life personality, the soulful show tunes everything is present and accounted for in Dreamgirls. If ever a movie role was tailor-made for someone, it's this one. I am referring, of course, to Eddie Murphy as James408 words
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ARTS/EPICURE
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Article, Illustration916 2007-02-23 29 PARVATHI NAYAR - Famed avant-garde visual artist Rirkrit Tiravanija speaks to PARVATHI NAYAR about 'relational aesthetics' and the connection between life and art PARVATHI NAYAR A VISUAL artist whose artwork consists of cooking food that you as a visitor to his show can actually eat? Well,ARTHUR LEE - 916 words
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Article, Illustration671 2007-02-23 29 Bloomberg [PARIS] Michelin Cie, the tyremaker that has sold dining and hotel guides to drivers since 1900, demoted Taillevent to two stars from three, ending the Paris restaurant's 34-year run with the top rank, as the food served became inconsistent in quality. Taillevent, opened in 1946 byBloomberg; BLOOMBERG - 671 words
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956 2007-02-23 29 N K YONG - By N K YONG EVER since I shared a bottle of Chateau Latour 1968 with a surgical colleague way back in 1974 in Kuala Lumpur it was after dinner and we finished it between us Latour has been my all-time favourite amongst the Bordeaux956 words
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Article, Illustration283 2007-02-23 29 PARVATHI NAYAR - DVD By PARVATHI NAYAR ANDY Sachs (Anne Hathaway) has youth, energy and ambition but not, it initially seems, the grit or fashion sense to withstand the withering Miranda Priestly (Meryl Streep), edi-tor-in-chief of Runway magazine, the bible of the fashion world. In The Devil Wears Prada,283 words
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Page 29 Miscellaneous
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Miscellaneous296 2007-02-23 29 CRYPTIC CROSSWORD ACROSS 3 Stroll like our monarchy (14) 1 Old European money I check J[ anc l u zer anc ate for friar 00) c ™(9) 6No red card for Arsenal, say 5 R leader giving a cou--7 pie of bishops religious work 10 fa 7 Personal strength shown296 words
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Article, Illustration1686 2007-02-23 30 DECLAN QUINN - Making Time DECLAN QUINN explains why the rattrapante is so much more than just an extra hand DECLAN QUINN THE chronograph was created in 1821 by Frenchman Rieussec, and was essentially a technical machine for men to impress girls with at horse races becauseREVOLUTION MAGAZINE - 1,686 words
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Page 30 Advertisements
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Advertisement85 2007-02-23 30 More than 250 years of uninterrupted history idHH MALTE CHRONOGRAPHE Caliber 1141 handwound mechanical movement. Column-wheel chronograph mechanism. Telemetric scale with 1-kilometer graduations g and tachymetric scale; 30 minute totalizer. Manually engine-turned dial with applied hour markers and a subdial for the seconds. c Diameter 41.5 mm. Sapphire-crystal caseback. Water-resistant85 words
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Advertisement10 2007-02-23 30 This series is brought to you by ©SINCERE watch academy10 words
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