The Business Times, 2 March 2007

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Microfilm: NL27342
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    20 1 THE BUSINESS TIMES online at http://business-times.asial.com.sg SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Friday, March 2,2007
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  • Article
    Lock icon Temasek makes bid for STATS ChipPAC costing up to S$2.Bb
    622 1  -  It intends to delist chip-tester if it obtains a more than 90% stake By ROLAND LIM [SINGAPORE] Temasek Holdings yesterday surprised the market by announcing a takeover bid for Singapore-based semiconductor test and assembly service provider STATS ChipPAC (Stats) that
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  • Article, Illustration
    Lock icon Seagate sues eSys and Vikas Goel for millions
    743 1  -  eSys indicates intention to counter-sue By MICHELLE QUAH [SINGAPORE] The feud between global disk-drive giant Seagate Technology and its former Singaporebased distributor eSys Technologies has taken a new turn. Seagate's Singapore arm has sued eSys and its founder Vikas Goel for millions
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  • Article
    Lock icon MARKETS DIGEST
    137 1 sn 3,***** (-11.57) ST INDEX FUTURES 3,098.00 SIMSO ***** (-3.00) SIMSO FUTURES 376.70 0 MARKETS Thursday Change KICOMP 1,180.91 -15.54 NIKKEI 225 17,453.51 -150.61 HANCSENG 19,346.60 -304.91 SET INDEX 680.60 +3.47 JAKARTA COMP 1.759.49 +18.52 MANILA COMP 3.190.12 +122.67 SEOUL COMP Closed SHENZHEN B 489.75 -4 48 MUMBAIIND
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      43 1 PARLIAMENT Tharman defends move to raise GST PAGE 9 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http://business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. 8 *****1 *****4
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      24 1 MUSIC FESTIVAL MARKETS IN TURMOIL No answers yet to NYSE computer glitches Bemanke calms Investor anxiety Global stock markets may fall further Marc Faber
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      21 1 COMPANIES Corporate earnings swell by more than 40% PAGE 4 CINEMA S'pore International Film Festival at a watershed EXECUTIVE LIFESTYLE Chopard
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      433 2 New SGX trading system to be ready in 18-24 months THE Singapore Exchange yesterday said that its new trading system, which will integrate the trading of derivatives and securities, will be set up in the next 18 to 24 months. The new trading engine will have open access,
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    • Article, Illustration
      Lock icon $400 m job to kick off string of Genting IR contracts
      477 2  -  Application for casino licence only when development is substantially completed By ARTHUR SIM [SINGAPORE] Construction contracts worth hundreds of millions of dollars will be awarded soon by the Genting International/Star Cruises consortium starting with one worth more than $400
      TERENCE TAN/THE STRAITS TIMES  -  477 words
    • Article
      Lock icon Genting group wants more time to reshape Stanley Ho deal
      409 2  -  By DANIEL BUENAS [SINGAPORE] The Malaysian consortium that won the Sentosa integrated resort is taking longer than expected to restructure a controversial deal with Macau gaming tycoon Stanley Ho. Star Cruises and Genting International now want until March 31 to
      409 words
    • Article
      Lock icon Most capital controls set to go: BOT
      596 2  -  Removal comes a day after ex-finance minister quits By OUR CORRESPONDENT in Bangkok THE Bank of Thailand yesterday said that most capital controls for funds flowing into the country will be effectively abandoned from the middle of this month, although investments will still
      596 words
    • Article
      Lock icon Selldown may not be over but outlook good: analyst
      421 3  -  By ANNA TEO [SINGAPORE] The stock markets probably aren't yet done with the selldown, says JP Morgan economist David Fernandez. But beyond the market correction this week, he is highly bullish about the global growth outlook, and ventures that the United
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    • Article, Illustration
      Lock icon New SGX trading system to be ready in 18-24 months
      353 3  -  Bourse meanwhile studying how to tackle mix of high volume, volatility By TEH HOOI LING [SINGAPORE] The Singapore Exchange (SGX) yesterday said its new trading system, which will integrate the trading of derivatives and securities, will be set up in
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    • Article
      Lock icon Yet another day of losses at regional bourses
      354 3  -  By R SIVANITHY [SINGAPORE] Asian stock markets yesterday extended their losses into a third consecutive day following a resumption of selling in China. Here, the Straits Times Index (STI) underwent a hugely volatile session, first rising 50 points then falling 100 points
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    • Article, Illustration
      Lock icon Indon regulator threatens to cancel gas supply contract
      475 3  -  By RONNIE LIM [SINGAPORE] Indonesia's oil and gas regulator is threatening to cancel a contract to sell natural gas to Island Power to fuel its power station being built on Jurong Island. This is because the US-owned company has so far failed
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      125 2 people Roaming Asi-Pacific. In the heart of the city, IN A WORLD OF YOUR OWN. Four Seasons Hotel Welcome to the stylish, sun-filled sanctuary of Four Seasons. Whether bed breakfast RATES FROM for business or pleasure, enrich your stay with resort-style indulgence: the garden swimming pool, rejuvenating spa and nine
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      99 3 "So are great entrepreneurs born or made? I think it is neither. Firstly, they are not bom with it. If it were in the genes, we would not have witnessed so many businesses withering after the third generation. And entrepreneurs cannot be manufactured either. Singapore has the habit of trying
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  • COMPANY NEWS
    • Article
      Lock icon 2006 earnings jump 40% to $23b
      446 4  -  More than half of SGX-listed companies reported higher profits, but 15% made losses By CONRAD TAN CORPORATE earnings here swelled by more than 40 per cent in 2006, with more than half of public-listed companies reporting higher profits, according to early estimates by BT.
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    • Article
      Lock icon It may pay off to fuel up early on Chemoil
      690 4  -  HOCK LOCK SIEW By MATTHEW PHAN ADVENTUROUS investors could take a shot at reaping gains from buying early into Chemoil Energy, an integrated fuel oil provider that listed on the Singapore Exchange (SGX) in December and which no analyst is
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    • Article
      Lock icon Singapore market cap slips 1.8% to $647.4b in February
      555 4  -  By DANIEL BUENAS THE Singapore stock market ended the Chinese New Year month lower than its January all time-high. At Wednesday's close, total market capitalisation of stocks listed on the Singapore Exchange was $647.4 billion, slipping 1.8 per cent from the
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    • Article
      Lock icon Bursa-SGX trading link pushed back by another year
      513 4  -  By TEH HOOI LING THE trading link between Bursa Malaysia and the Singapore Exchange (SGX) has had to be pushed back by yet another partfßST put in new systems, said Yusli Mohamed Yusoff, chief executive officer of Bursa Malaysia. "It won't happen
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    • Article
      Lock icon Venture's CEO sees sales increasing in '07
      13 5 Bloomberg Venture Corp, Singapore's biggest maker
      Bloomberg  -  13 words
    • Article, Illustration
      Lock icon Jardine C&C earnings fall 21 % to US$224m
      429 5  - Jardine C&C earnings fall 21 to US$224m Weak demand due to higher interest rates, fuel prices hit Indon unit Astra By SAMUEL EE JARDINE Cycle Carriage's net profit slumped 21 per cent to U*****.8 million for the full year ended Dec 31, 2006, after its Indonesian unit Astra faced a
      File photo  -  429 words
    • Article
      Lock icon Banyan Tree's Q4 profit climbs 77%
      402 5  -  By' UMA SHANKARI RESORT operator Banyan Tree Holdings yesterday said that fourth-quarter net profit climbed 77 per cent as it sold more homes and its properties in Thailand saw more visitors. Net profit for the three months ended Dec 31, 2006, climbed to $14.7
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    • Article
      Lock icon Sing Tel shares attractive now, says Merrill
      458 5  -  Stock price now at 6% discount to its valuation of $3.33 By SIOW LI SEN BUY Singapore Telecommunications shares after its sharp correction from a peak of $3.70 to $3.12, said Merrill Lynch's Patrick Russel yesterday morning in a note to investors. "The
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    • Article, Illustration
      Lock icon TT injects Akira assets into ICIL, expects trading by Dec
      649 6  -  TT will own 77% of cash-rich ICIL; looking into a private placement By CONRAD RAJ TT International, which makes and sells the Akira range of electronic appliances, hopes to resume trading in the shares of International Capital Investment Ltd (ICIL),
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    • Article
      Lock icon SCS returns to black with $7.3 m profit
      497 6  -  Turnover for the year rises 8% to $375.3 m By AMIT ROY CHOUDHURY SINGAPORE Computer Systems Ltd (SCS) yesterday announced a net profit of $7.3 million for its fiscal year ended Dec 31, compared with a net loss of $43.6 million in
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    • Article
      Lock icon CNA secures new projects, posts 6-fold profit jump
      237 6  -  By JANICE HENG After a strong financial year. more than doubled to $18.9 million, accounting for about 30.5 per cent of the group's revenue. CNA's 49.9 per cent-held associate, China Water Holdings (CWH), also contributed $4.9 million in net profit for FY2006.
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    • COMPANY BRIEFS
      • Article
        Lock icon Techcomp posts 18% jump in earnings
        91 7 TECHCOMP Holdings' net profit for the year ended Dec 31,2006, rose 18 per cent to U554.35 million on the back of a 23 per cent increase in revenue to US$54.B million. The group, a manufacturer and distributor of advanced medical equipment, declared a first
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      • Article
        Lock icon Ocean Sky reports 27.5% earnings surge
        62 7 OCEAN Sky International, a global one-stop integrated apparel manufacturer, said its net profit increased 27.5 per cent to $11.5 million in FY2006. Revenue rose 13.2 per cent to $352.0 million. The company said the improved performance signalled the positive response from its customers to
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      • Article
        Lock icon Achieva's earnings soar 70% to $4m
        64 7 ACHIEVA, a holding company for businesses engaged in the distribution of electronic and information technology, posted a 70 per cent rise in net profit to $4 million for the year ended Dec 31 2006, up from 2005's $2.3 million. Revenue fell 2 per cent
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      • Article
        Lock icon Cyber Village trims loss
        56 7 CYBER Village Holdings, an e-business consulting firm, posted a net loss of $749,000 for the year ended Dec 31,2006, down from 2005's net loss of $2.2 million. Cyber Village's full-year revenue more than doubled to $5.6 million from 2005's $2.6 million. Loss per share came to
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      • Article
        Lock icon 19.1% earnings rise for DMX Tech
        64 7 DMX TECHNOLOGIES, a solution developer providing a wide range of digital multimedia solutions, network infrastructure and advanced mobile solutions, said net profit increased by 19.1 per cent to US$l7.9 million in FY2006 on the back of a 24.4 per cent growth in revenue to
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      • Article
        Lock icon Australand's Perth unit GM resigns
        61 7 AUSTRALANDsaid yesterday that Chris Lewis, general manager of its Perth residential business unit, tendered his resignation on Wednesday to pursue his own business interests. Mr Lewis started with Australand as marketing manager of its Perth medium-density housing operations in April 1998 and has been general
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      • Article
        Lock icon Sale of business boosts TSH earnings
        87 7 TSH CORPORATION, formerly known as TPA Strategic Holdings, yesterday reported a more than six-fold increase in net profit to $15.56 million, boosted by a $23 million gain from the disposal of its aviation business. Revenues fell 37.9 per cent to $9.3 million. Loss per
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    • Article, Illustration
      Lock icon Yanlord Land posts a 40% jump in 2006 net profit
      515 7  -  But Q4 earnings fell 38% to $48 million due to higher construction costs By TAN WEN LI DESPITE a 38 per cent fall in fourth-quarter earnings, Yanlord Land Group, which listed in Singapore in June last year, saw a 40
      File photo  -  515 words
    • Article
      Lock icon STX Pan Ocean 04 profit quadruples
      180 7 Bloomberg SHARES of STX Pan Ocean Co, South Korea's largest carrier of iron ore, grain and other products, surged to a record after its fourth quarter profit almost quadrupled on higher freight rates. The stock rose 12 per cent to close at $1.23 in
      Bloomberg  -  180 words
    • Article
      Lock icon Delong plans to turn 10 shares into one
      201 7  -  Exercise aimed to raise profile among major investors By BENITA AW YEONG DELONG Holdings has proposed a share consolidation exercise in a move to raise its profile among institutional investors. The China-based hotrolled steel coil manufacturer said the plan involves turning every
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      Lock icon Page 4 Advertisements Column 1
      640 4 MIDDLE EAST DEVELOPMENT SINGAPORE LTD (FORMERLY KNOWN AS HITCHINS GROUP LTD) (THE "COMPANY") (Incorporated in the Republic of Singapore) (Company Registration No. **********) THE PROPOSED RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 126,562,500 NEW SHARES AT AN ISSUE PRICE OF 550.05 EACH (THE "RIGHTS SHARES"), ON THE BASIS OF ONE
      640 words
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      Lock icon Page 4 Advertisements Column 2
      73 4 Regus Ready-to-use offices Regus makes it easy for you to open an office instantly: Offices staffed and equipped ready-to-go Quick move-ins and move-outs Upsize or downsize as your business needs Pay-as-you-go for services and meeting rooms Flexible terms to suit your needs •Offer valid until 30th April 2007 on 12
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      29 5 MITSUBISHI SHOWROOM: 241 Alexandra Road, Singapore *****1 Tel: 6473 9722 AUTHORISED DEALER: Cycle Carriage Fulco Motor Dealer, 22 Übi Road 4, Fulco Building, Singapore *****7 Tel: 6746 3000 www.mtoubishicars.com.sg
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      19 6 Official Airline Official Brew Official Champagne Official Cargo Official Hotel Official Magazine Official Newspaper Official Radio Station Official Waters
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon China slide sends prices lower again
      431 8  -  STOCKS Volatility sees the ST Index swing from an intraday high of 3,154 to a low of 3,054 before closing at 3,092.58 R SIVANITHY Senior Correspondent THE China market again assumed the role of main market driver yesterday, when a steep afternoon slide in
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    • Article, Illustration
      Lock icon Untitled
      220 8 STRAITS TIMES INDEX STOCKS ANyMTi 0-5* \JS30 «OOW 5H 3M 1U00 -0100 STIogg 1-S* iJ3D -0-020 funim*« 0J3 33*0 -COW MwfcwCiC 0*7 12,300 -0700 STATSCW Mi tJHO «0lMD CjpWCcttwti 0*1 2.730 -Q»X Areig T«d> MS liBO «OJBO Si* Corp wd 1** «*40 ♦0-0<0 SOS 7.200 «<U0Q Kappaf Corp 4.5* I7JB0
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    • Article, Illustration
      Lock icon Taks
      867 8  -  Compiled by UMA SHANKARI Beauty China Holdings 2006 results in line with expectations: Beauty China's (BCH) 2006 net profit after tax grew by 23 per cent to HK5134.7 million (5526.3 million), exactly in line with our estimate. Robust network expansion is the major growth driver, while margin erosion remains
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    • Article, Illustration
      Lock icon Greenspan, Bernanke fail to lift US dollar
      520 8  -  CURRENCIES LARRY WEE Senior Correspondent CALMING remarks from Alan Greenspan. the previous chairman of the US Federal Reserve. and his successor. Ben Bernanke. did little for the US dollar yesterday, despite the fact that Asian equity markets continued to look uncomfortably wobbly across
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    • Article, Illustration
      Lock icon Raymond, von Pierer get citizen awards
      396 9  -  By RONNIE LIM TWO leading global talents Lee Raymond, retired chairman and CEO of ExxonMobil, and Heinrich von Pierer, chairman of the Supervisory Board of Siemens have been conferred the 2006 Honorary Citizen Award for their valuable contributions to Singapore. It is the highest
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    • Article, Illustration
      Lock icon GST increase is best way to raise revenues: Tharman
      729 9  -  YESTERDAY IN PARLIAMENT Other potential sources suggested by some MPs are poor alternatives Reports by CHUANG PECK MING THERE appear to be many potential ways of bringing in revenues to help balance the national budget, what with the two integrated resorts
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    • Article
      Lock icon Stanchart S'pore turns in record profits
      446 9  -  By SIOW LI SEN STANDARD Chartered Bank Singapore posted record profits for 2006 by selling more corporate loans and earning higher fees from selling investment products to individuals despite a sharp fall in new mortgages. The strong performance from Singapore meant it contributed 9.1
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    • Article
      Lock icon GST-exemption on necessities will not help poor
      428 9 EXEMPTING or zero-rating essential items from the goods and services tax will not help the poor in Singapore because they do not spend much on necessities, according to Second Finance Minister Tharman Shanmugaratnam. Defending the government's offset packages as a more helpful GST
      428 words
    • Article
      Lock icon February PMI down to 51.5 on lower orders
      478 9  -  By OH BOON PING CONTINUING the slower growth trend in manufacturing, last month's purchasing managers' index (PMI) dipped further, even though some believe the industry is still on the expansion trail. PMI a barometer of manufacturing activity was 51.5 in February, after
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Tang praised for handouts, rapped on policy
      612 10 Reuters [HONG KONG] Hong Kong's Financial Secretary Henry Tang drew praise yesterday for giving back money to the public in his Budget but was criticised for the absence of bolder policy initiatives. "Budget needed to offer more than handouts" ran an editorial headline
      Reuters  -  612 words
    • Article
      Lock icon US-British academic is new IMF chief economist
      224 10 AFP [WASHINGTON] Simon Johnson, a US and British national and professor at the Massachusetts Institute of Technology (MIT), was named the new chief economist for the IMF on Wednesday, managing director Rodrigo Rato said. Mr Rato said in a statement that he notified
      AFP  -  224 words
    • Article, Illustration
      Lock icon US recession not likely this year: Greenspan
      491 10 This is because the housing glut is being reduced Bloomberg [NEW YORK] Former Federal Reserve Chairman Alan Greenspan said a recession in the US is not probable this year as excess housing inventory is being reduced quickly. Mr Greenspan spoke in a satellite
      Bloomberg  -  491 words
    • Article
      Lock icon Steps to rebalance economy outlined
      198 10 Reuters [BEIJING] China will free up energy prices, raise certain export duties, import more natural resources and curb wasteful investment as part of a continuing drive to rebalance its economy, the country's top planner said in remarks published yesterday. Companies in highly polluting, energy-intensive sectors
      Reuters  -  198 words
    • Article
      Lock icon Delays in business laws harmful to China: analysts
      261 10 Reuters [BEIJING] Chinese lawmakers will approve important bills on corporate tax and property rights at their annual plenary session next week, but the postponement of three other measures may harm the country's long-term growth prospects. Delays in passing antimonopoly, patent and labour
      Reuters  -  261 words
  • Page 10 Advertisements
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      199 10 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CCH PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****8432G NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the
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      114 10 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TRI-MIX PTE LTD (Co. Reg. No. *****4058Z) (In Creditors' Voluntary Liquidation) NOTICE TO UNSECURED CREDITORS OF INTENTION TO DECLARE FINAL DIVIDEND Name of Company: TRI-MIX PTE LTD (In Creditors' Voluntary Ljquidatioh) Address of Registered Office: Formerly
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      2 10 Score Card
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Bumiputra-Commerce sees Q4 profit quadruple
      151 11 Wilmar's proposal [KUALA LUMPUR] Bumiputra-Com-merce Holdings Bhd Malaysia's second-biggest bank said fourthquarter profit rose almost four times after its purchase of Southern Bank Bhd boosted lending and income at its Indonesian unit gained. Net income in the quarter ended Dec 31 rose to a record
      Wilmar's proposal  -  151 words
    • Article
      Lock icon BURSA MALAYSIA
      2485 11 VOL Msrl KM COOP) ASM Realty 1.47 -0.01 22 Abric Bhd .0.33 -0.02 128 Acp Industries 1.61 -0.14 597 Advance Synergy 0.30 -0.03 4447 Adverrta Bhd 0.82 -0.02 84 Ae Multi Hldgs 0.36 -0.05 345 Affin Holdings .2.19 -0.04 7204 Ahmad ZakiResou 2.45 -0.04 74 Ak Corp 0.64
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    • Article
      Lock icon Analysts welcome Telkom overhaul
      606 11  -  By LAUREL TEO in Jakarta A WIDELY anticipated overhaul of management ranks at Indonesia's largest telecommunications company has boosted market confidence in the stateowned enterprise. PT Telekomunikasi Indonesia, or Telkom for short, was among the most actively traded stocks on the Jakarta bourse yesterday, gaining 3.9
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    • Article
      Lock icon Regulators won't block takeover: PPB
      502 11  -  But they may impose equity conditions on Wilmar's buyout By PAULINE NG in Kuala Lumpur PPB Oil Palms (PPBOP), which has received a US$l.l billion voluntary general offer (VGO) for all its shares from Wilmar International. does not think regulators would stand in the way,
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  • GREATER CHINA
    • Article
      Lock icon Shanghai index falls 2.9% amid volatility
      221 12 AP [SHANGHAI] Chinese stocks fell back again yesterday, unable to maintain Wednesday's rebound amid profit-taking and weak performances in other Asian markets. The benchmark Shanghai Composite Index lost 2.9 per cent to 2,797.19 points. The smaller Shenzhen Composite Index fell 2.3 per cent to
      AP  -  221 words
    • Article, Illustration
      Lock icon Ping An shares soar 38% on Shanghai debut
      609 12 The surge reflects demand for stock of Hong Kong-traded Chinese companies Bloomberg [HONG KONG] Shares of Ping An Insurance (Group) Co jumped 38 per cent on their debut in Shanghai, bucking a slump in Chinese equities after the world's biggest stock sale
      Bloomberg; Reuters  -  609 words
    • Article
      Lock icon China factory activity highest in 3 months: survey
      420 12 Bloomberg [HONG KONG] Manufacturing growth in February in China, the world's fourthlargest economy, has increased the likelihood of the central bank tightening the money supply, Hong Kong-based brokerage CLSA Asia-Pacific Markets said yesterday. Manufacturing activity rose to the highest in three months
      Bloomberg  -  420 words
    • Article
      Lock icon China to let foreign firms issue yuan bonds
      180 12 Reuters [BEIJING] China will permit large foreign firms to issue yuan-denominated bonds to help reduce capital inflows and so ease upward pressure on the yuan, a senior official said in remarks published yesterday. Only two international organisations, the Asian Development Bank and
      Reuters  -  180 words
    • Article
      Lock icon Time Warner unit sells three cinemas to govt-owned firm
      210 12 Bloomberg [SHANGHAI] Time Warner Inc. the world's biggest media company, agreed to sell three joint venture cinemas in China, four months after pledging to withdraw from the country's film-showing business due to government restrictions. Warner Bros International Cinemas Inc, a Time
      Bloomberg  -  210 words
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  • INDIA
  • Page 13 Advertisements
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      655 13 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO BRIDEX PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 71 aTras Street, Singapore *****0 on 18 January 2007, the following resolutions were duly passed 1. SPECIAL RESOLUTION-WINDING-UP That the
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      290 13 In the Matter of The Companies Act, Cap.so And In the Matter of SI NO HOE METAL PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****0059W) NOTICE OP FIMAI Itfmwi NOTICE IS HEREBY GIVEN that pursuant to Soction 308 of the Companies Act, Cap. 50, the Final Meeting of
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      Lock icon Page 13 Advertisements Column 3
      9 13 in the Matter of The Companies Ad, Cap 50
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      Lock icon Page 13 Advertisements Column 4
      38 13 Wilmar WILMAR INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4785Z) NOTICE OF EXTRAORDINARY GENERAL MEETING IN THE MATTES OF THE COMPANIES ACT, (CHAPTER 58) AND IN THE MATTES OF SHINSEI OVERSEAS OPERATIONS PTE LTD
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      21 13 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND MTHE MATTER OF METHOOE ELECTRONICS CHINA PTE UD (IN MEMBERS'VOLUNTARY LIQUIDATION)
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      17 13 THE MATTER OF THE COMPANIES ACT (CAP. 50) AM) M THE MATTER OF MINOTAUR INVESTMENTS PTE LTD
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  • MIDDLE EAST
    • Article
      Lock icon Qatar Telecom considering bid for Kuwait's Wataniya
      539 14 Qtel's move comes after Emirates Telecom drops takeover plans Reuters [DUBAI] Qatar Telecommunications Co (Qtel) said on Wednesday it was considering a bid for Kuwait's National Mobile Telecommunications Co (Wataniya) after a major regional rival pulled out of the race. Qtel, which is
      Reuters  -  539 words
    • Article
      Lock icon Abu Dhabi to seek bids for solar plant
      10 14 Bloomberg (Dubai)
      Bloomberg  -  10 words
    • Article
      Lock icon UNIT TRUSTS ft FUNDS
      5862 14 ABM Autre Asset Mgt (S'pore) Star Europe Eqty'** 1043/ Star Europe Bond 119/ Star Europe Bal 1224/ Star Asian Tiger E<* 1.28V Star Asia Bond 1315/ Star Ash Balanced 1.099/ Star Global Technology Fundi** 0.209/ Mute St Fd 0 968/ Star Asa BonddJSD) 086/ Gfc MuKi
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon S'pore-US trade rose 19% to US$42.5 billion
      423 15  -  S'pore is now US' 9th-largest export market up from 11th in 2005 By DANIEL BUENAS TWO-way trade between Singapore and the US grew 19 per cent to U5542.5 billion last year the secondhighest rate of growth among America's major trading partners. Figures from
      423 words
    • Article
      Lock icon Marks & Spencer CEO mulling Sainsbury bid
      192 15 Marks Spencer CEO mulling Sainsbury bid Bloomberg [LONDON] Marks Spencer Group (M&S) chief executive officer Stuart Rose said he's considering bidding for J Sainsbury Pic, Britain's third-biggest supermarket chain. Mr Rose said he was speaking to customers about an offer for Sainsbury, which has a market value of £8.8 billion
      Bloomberg  -  192 words
    • Article
      Lock icon US Jan income growth fastest in a year
      289 15 LATEST US DATA AP,Reuters [WASHINGTON] Personal incomes rose in January in the United States at the fastest clip in a year, bolstered by bonus payments to highincome executives and pay raises for federal workers. The extra income helped support a better-than-ex-pected rise
      AP,Reuters  -  289 words
    • Article, Illustration
      Lock icon US to pump US$385m in ethanol projects
      485 15 [NEW YORK] Seeking to encourage motor fuel production from materials that are cheaper and more abundant than corn, the US Energy Department said on Wednesday that it would invest up to US$3B5 million in six bio-refinery projects that would produce cellulosic ethanol, a
      REUTERS  -  485 words
    • WORLD WATCH
    • Article
      Lock icon Citigroup's global equity strategist Kapur quits to start hedge fund
      361 15 Bloomberg [NEW YORK] Ajay Kapur, Citigroup's New York-based chief global equity strategist, is returning to Hong Kong to set up a hedge fund called First Horse Capital. Niall MacLeod and two other members of Mr Kapur's team left Citigroup and
      Bloomberg  -  361 words
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  • Aviation
    • Article
      Lock icon US Airways to raise US$1.6b to refinance debt
      433 16 Loan arranged by Citigroup, Morgan Stanley will help cut interest costs Bloomberg (Dallas) from General Electric Co. The GE accord included USsl.l billion to replace an existing loan at a lower interest rate. "It is economical for us to do it, otherwise
      Bloomberg  -  433 words
    • Article, Illustration
      Lock icon Jet charter firm founder takes over as its CEO
      376 16  -  He quits his job as vice-president of Hotel Properties By YEN SREENIVASAN [SINGAPORE] Hotel Properties Ltd (HPL) senior executive Prithpal Singh has left his day job at the listed property group to take over at the helm of the executive jet
      376 words
    • Article
      Lock icon Daily S'pore-Perth Tiger flights from May 1
      457 16  -  By VEN SREENIVASAN [SINGAPORE] Tiger Airways has brought forward its plans to operate daily Singapore-Perth flight services by six months, and will start on May 1 now. It had originally planned to introduce daily flights only in November this year, after initially kicking
      457 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2370 16 CITY HJftMT ETA FU6WT ETP Abe Dhabi SQ455 1225 Adelaide LH9771 1740 LH9770 2350 ***** 1740 SQ269 2350 Ahmodabad SQS31 0745 Amsterdam L***** 0645 KL838 2315 SQ323 0645 L***** 2345 KL837 1605 SQ324 2345 Athw SQ348 0100 Auckland EK433 0130 LH9766 2100 UL2433 0130 NZ4385 2100
      2,370 words
    • Article, Illustration
      Lock icon Qantas buyout plan hits new snag
      415 16 Bloomberg [SYDNEY] The Macquarie Bank Ltd-led buyout of Qantas Airways Ltd, Australia's biggest airline, cleared one hurdle yesterday by winning antitrust approval then ran into another as a parliamentary committee agreed to scrutinise the deal. Macquarie's role as a member of the buyout group
      Bloomberg; AFP  -  415 words
    • Article
      Lock icon France pledges 100 m euro aid to Airbus
      292 16 AP [PARIS] France stepped up yesterday with 100 million euro (Ss2ol million) in new financial support for Airbus, even as die European Union (EU) transport commissioner urged less state interference in the ailing European plane maker. Meanwhile, employees at three German plants
      AP  -  292 words
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  • Shipping
    • Article, Illustration
      Lock icon NOL to grow network of terminals, may expand to Europe
      733 17  -  Right time to step up pace of expansion, says CEO By DONALD URQUHART [SINGAPORE] Neptune Orient Lines (NOL) is aiming to expand its network of nine terminals, including the possible establishment of terminals in Europe, after it recently announced its
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    • Article, Illustration
      Lock icon Q3 profit of Msia's MISC jumps to RM944.5m
      530 17 Bloomberg [KUALA LUMPUR] Malaysia's MISC Bhd, the world's biggest owner of liquefied natural gas (LNG) tankers, said third-quarter profit rose helped by ship sales and demand for oil and gas facilities. Net income climbed to RM944.5 million (*****.8 million), or 25.4 sen
      Bloomberg; BLOOMBERG  -  530 words
    • Article
      Lock icon Fire-fighting system on ship rendered virtually useless
      845 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR ASINGAPORE-flagged vessel had its Halon 1301 fixed fire extinguishing system rendered virtually useless during an engine room fire two years ago because the fire had prevented the crew from shutting off the ventilation opening to the engine room.
      845 words
    • Article
      Lock icon Sea freight futures seen growing to US$ 150b in 5 years
      248 17 Reuters [LONDONI The global sea freight derivatives market could grow to around US$l5O billion in the next three to five years, but issues ovei transparency and liquidity continue to frustrate expansion, market participants say. Philippe van den Abeele, managing
      Reuters  -  248 words
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      268 17 The Member Lines of the FEFC wish to advise Shippers:Business Plan Westbound Cargo 2007 Customers are reminded that as part of the Business Plan 2007, as announced on 3rd November 2006, for cargo moving from Asia (excluding Japan) to North Europe, Baltic/Scandinavia and Mediterranean, the following Conference rate increase is
      268 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon A timely reminder indeed
      538 18 EDITORIAL AFTER a painful slide this week, global stock markets were still looking queasy yesterday. But for many, the slide so far has looked much more like a healthy correction than an ominous warning of worse to come. That said, such an event does serve a
      538 words
    • Article, Illustration
      Lock icon More are now shopping with a conscience
      1398 18  -  The Fair Trade movement aims to establish improved trading conditions for farmers and artisans in the world's least developed countries By JOHN GEE THE Fair Trade movement could be a motor of change in the way businesses operate. Started in Europe and the
      AFP  -  1,398 words
    • Article, Illustration
      Lock icon Indian Budget fails to pave the road for future growth
      781 18  -  THE BOTTOM LINE YOGI AGGARWAL RIDING a tail wind that has propelled the Indian economy on a high growth path, Indian Finance Minister P Chidambaram presented a Budget that failed to make full use of the possibilities ahead. The biggest
      781 words
    • Article, Illustration
      Lock icon The great China squeeze
      1373 19  -  The problem is that it is still very much a blended economy both state and market driven By STEPHEN ROACH LIKE nearly everything else in the world these days, it now appears that global stock market corrections are made in China. I have no idea if
      REUTERS; Source China Swista Morgan Stanley Rawich  -  1,373 words
    • Article
      Lock icon Fix income loss anomaly for lower-income self-employed
      322 19  -  LETTERS TO THE EDITOR Leong Sze Hian Singapore WHILE the Budget has generally given more cash and more CPF to lower-income people by way of lower CPF contributions by employees and the Workfare Income Supplement (WIS), on a relative basis, some self-em-ployed lower-income
      322 words
    • Article
      Lock icon A victory for shareholder activism
      289 19  -  Tan Lye Huat. Tan Lye Huat, CEO THE proposal by Isetan (Singapore) to pay "a whopping $1.50 special and final dividend" (BT, Feb 28) demonstrates the benefits of sustained engagement by shareholders in this case, the "softsoft", "hard-hard" approaches by a retail minority group over
      289 words
    • Article
      Lock icon Far South Johorto work, M'sia should be bold and open
      470 19  -  By ZHOU FU CHUN MALAYSIAN Prime Minister Abdullah Badawi held a special talk with his Singapore counterpart Lee Hsien Loong on the sidelines of the Asia-Europe Meeting in Helsinki in September 2006. The focus of the meeting was to seek
      470 words
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  • MARKETS IN TURMOIL
    • Article, Illustration
      Lock icon Markets appear to be working well: Fed chief
      566 20 His words at House testimony have calming effect on investors AP [WASHINGTON] US Federal Reserve chairman Ben Bernanke faced his first market crisis with a calm, mat-ter-of-fact demeanour that won praise from lawmakers and economists alike. Rather than the famously opaque language
      AP; AFP  -  566 words
    • Article, Illustration
      Lock icon No answers yet to NYSE's computer trading glitch
      551 20 Some traders see it as a bane of going electronic while Nasdaq boasts its system works fine LAT-WP [NEW YORK] Computer glitches that added to the turmoil of Tuesday's stock market plunge struck some on Wall Street as an illustration of the
      LAT-WP; BLOOMBERG  -  551 words
    • Article, Illustration
      Lock icon Big board's off days
      137 20 The 10 largest one-day percentage and point losses for the Dow industrials DATE PERCENTAGE POINT CLOSING LOSS LOSS J VALUE Oct 19,1987 22.61 508.00 I 1,738.74 Oct 28,1929 12.82 38.33 260.64 Oct 29,1929 11.73 30.57 230.07 Nov 6,1929 9.92 25.55 232.13 Dec 18,1899 8.72 5.57 58.27
      137 words
    • Article
      Lock icon SEC probing into exchange's trading overload
      437 20 The exchange's shift towards e-trading a concern Reuters [NEW YORK] The US Securities and Exchange Commission is looking into whether the New York Stock Exchange's (NYSE( shift towards electronic trading affected its ability to handle a surge in trading volume such as occurred earlier
      Reuters  -  437 words
    • Article
      Lock icon Global stock markets may fall further: Marc Faber
      12 20 Bloomberg (Tokyo) Marc Faber
      Bloomberg  -  12 words
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  • Article
    Lock icon SINGAPORE STOCKS
    10818 21 SGX MAINBOARD Transaction date: Mar 1 5£** W L«rt Vol Day Lact Quote Mv GrYtd Nat MCaa Hl|l» low Coda Cowpawy Ma W- COOP) H>gl» Low twyar Safer Cw m sS 3.5 1 5716 1st Software 2 susp 8 i 115 6 3148 STelecom 10 unch 1207 10
    10,818 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    6622 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in total am to SS la Utt *1 If dy %yr rfy *yt tod— Owng* Oung* Otang* Charm Omm Chang* <W»W IndBi ftafcrinav 110*9 -0l8 04-06 02 -Q9 0.5 EAftPtoHmnaw ***** 2.1 13 2j0 10 -2.2 <3 EunthrfHwaw 1*915 -15 OO -1.5 -0J
    6,622 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      15 23 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination FREIGHT LINKS EXPRESS PTE LTD MARIANA EXPRESS LINES
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      12 23 Goodway Agencies (Shipping) Pte Ltd Tel 6743 0746 Fax 6748 9530 www.goodwaylogistics.com
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      Lock icon Page 23 Advertisements Column 3
      109 23 Wallenius Wilhelmsen logistics Dongnama line P. T. DJAKARTA LLOYD (PERBERO) LINE FAST 315 Outrom Rood 107-08 lon Boon Uat Building Singapore *****4 tel: (65) 6223 7223 fax:(6s) 6222 7838 email: contodttifwfast.cem SINGAPORE BALIKPAPAN, KALIMANTAN weekly container and conventional services MV Anabas ETD SIN *****7 ETA BPN *****7 MV Kariangau Express
      109 words
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon The Business Times Shipping Guide
      6097 25 HA HA Advtrtkar Vtml Voyage Tilwihum SW D«f» Nam daw ItaSSr mSSrn To ABIDJAN (ABJ) 2003 Cot* D'lvoire 20/03 20*04 Delmas URSULA DELMAS 713W *****344 22/03 26*04 Mmas CMA CGM C0L0MBIE 714W *****344 01/04 01/05 Delmas ELISADEIMAS 715W *****344 To ADELAIDE (ADL) 2007 Australia 11/03
      6,097 words
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  • ARTS
    • Article, Illustration
      Lock icon A more colourful Mosaic
      934 27 This year's edition of the music festival packs a more diverse offering, reports PARVATHI NAYAR MOSAIC Turns Me On, the third edition of the Mosaic Music Festival organised by the Esplanade comes bearing musical gifts from some 400 artists from 18 countries, in over 100 free
      934 words
    • Article, Illustration
      Lock icon S'pore-inspired Russian work to open here
      341 27  -  By MATTHEW PHAN CULTURAL diplomacy takes another step forward a composition called SINGAPORE: A Geopolitical Utopia by well-known avant-garde Russian composer Vladimir Martynov will open the Russia-Singa-pore Business Forum next Monday. The piece was commissioned by Singapore ambassador to Russia Michael Tay, after he
      341 words
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  • CINEMA/WINE
    • Article, Illustration
      Lock icon Good men temper film's Orwellian vision
      575 28  -  'The Lives of Others' shows how to knot all threads of a story, says PARVATHI NAYAR Parvathi Nayar WE applaud movies with open endings because we know that's the way life really is, that you don't get to learn ail the reasons why things
      575 words
    • Article
      Lock icon Graduating from the school of hard knocks
      537 28  -  By GEOFFREY EU WHERE there's a Will Will Smith, that is there's always a way. That's the primary lesson to be learned in The Pursuit of Happyness, a star vehicle for the ever-reliable, al-ways-likable Smith to portray Chris Gardner, an honest, hardworking man
      537 words
    • Article, Illustration
      Lock icon All about mothers and daughters
      440 28  -  By GEOFFREY EU PEDRO Almodovar has both an obvious affinity and a strong empathy for the brave, vibrant and resourceful women who inhabit his movies. Just as an earlier film {All About My Mother) focused on the female specifically the Spanish female condition, Volver is
      440 words
    • Article, Illustration
      Lock icon Rocky in the boxing ring still rocks
      297 28  -  By PARVATHI NAYAR YOU approach the movie with a certain weary scepticism; after all. it's the sixth instalment in a story that we know all-too-well. And though the original tale of the boxer whose one truth lay in fighting the good fight harvested
      297 words
    • Article
      Lock icon Keep, drink, or buy some more?
      1025 28  -  By N K YONG ALTHOUGH we are two months into the New Year, the advent of the Bordeaux 2006 en primeur campaign and the beginning of releases of Burgundy 2995 make it a good time to think about what to keep and what to
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      Lock icon Page 28 Advertisements Column 1
      83 28 Celebrate the passion and genius of Verdi, the greatest opera composer of all time, in this one-night-only concert of his greatest hits from Nabucco, Othello, Don Carlo, Rigoletto, II Trovatort, and La Traviata performed by a stellar group of all-Asian singers supported by the SLO Chorus and The Philharmonic Orchestra.
      83 words
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  • Cinema
    • Article, Illustration
      Lock icon Staying relevant in a globalised world
      1297 29  -  The SIFF, which turns 20 this year, has nurtured many local filmmakers and created the basics to build an industry here, reports PARVATHINAYAR PARVATHI NAYAR /m T'S been 20 years of Jf I watching how the world turns through a lens," says Philip Cheah,
      1,297 words
    • Article, Illustration
      Lock icon A macho, male-bonding film
      346 29  -  DVD By PARVATHI NAYAR THE mentor-protege theme is a Hollywood favourite, and it's given yet another lease of life in The Guardian. The setting is new the US Coast Guard Rescue Swimmers but everything else feels pretty derivative. So Ashton Kutcher plays competitive swimmer Jake Fischer
      346 words
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  • Page 29 Miscellaneous
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  • executive lifestyle
    • Article
      Lock icon Getting the 'right'sort of 2 million extra
      606 30  -  off the cuff jaime ee FELLOW Singaporeans, I am the chairman of the citizens task force assigned to study your reaction to the prospect of sharing the limited land of your home with yet another 2 million or so people, a great proportion
      606 words
    • Article, Illustration
      Lock icon Trendy collectors' items
      1622 30  -  The market for Chinese contemporary art is booming, but what are the effects of this rise? EMILYN ANG examines the issue Emilyn Ang WHAT do Zhang Xiaogang, Wang Guanyi, Yue Mingjun and Fang Lijun mean to the average person on the street? Probably nothing but to the
      1,622 words
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