The Business Times, 8 March 2007

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Microfilm: NL27342
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    29 1 The Business Time MICA (P) 202/12/2006 Thursday, March 8,2007 v SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION i i i li IIrtMMH lit
    29 words
  • Article, Illustration
    Lock icon S'pore women less bullish about their career power
    625 1  -  Country also lags region in share of women at the top: surveys By PAMELA CHEW [SINGAPORE] Although women are forging ahead in higher education and in the labour force, women often have a far less bullish picture of their power to hold
    Source: Grant Thomson International Business Report (TBR) 2007  -  625 words
  • Article
    Lock icon SGX buys 5% of Bombay! exchange for $65m
    765 1  -  Deal marks SGX's first direct equity purchase in a foreign securities exchange By CONRAD TAN [SINGAPORE] The Singapore Exchange (SGX) has won a bid to buy a 5 per cent stake in the Bombay Stock Exchange (BSE) for $65.1 million, three weeks
    765 words
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  • TOP STORIES
    • Article
      Lock icon S'pore rated among world's top 5 biotech hotspots
      654 2  -  Tech drive pushing it to the fore, says industry newsletter By CHEN HUIFEN [SINGAPORE] Singapore is among the top five biotech regions in the world, as assessed by Fierceßiotech. a US newsletter for the industry. In a special issue titled "Top Five
      654 words
    • Article
      Lock icon MARKETS DIGEST
      136 2 STI 3.059.15 (+22.63) ST INDEX FUTURES 3,061.00 (+22.00) simso 374.28 (+1.48) SIMSO FUTURES 374*0 (+2.10) MARKETS Wednesday Change KLCOMP 1.156.58 +25.62 NIKKEI 225_ 16.764.62 7988 HANG SENG 18.918.64 139.92 SET INDEX 670.37 -3.87 JAKARTACOMP 1,743.19 +10.75 MANILA COMP 3.063 26 +89.99 SEOUL COMP Ml 0.95 _+8.02 SHENZHEN B
      136 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      435 2 Jackson Tai paid up to $7.75m in 2006 JACKSON Tai, chief executive of DBS Group Holdings, received a 30 per cent pay increase to $7.75 million for 2006 almost matching the bank's performance of a 32 per cent gain in core net earnings to $2.18 billion. Directors too
      435 words
    • Article, Illustration
      Lock icon Jackson Tai paid up to $7.75 m in 2006
      797 3  -  His 30% pay hike almost matches DBS's 32% rise in net profit to $2.18b By SIOW LI SEN [SINGAPORE] Jackson Tai, chief executive of DBS Group Holdings, received a 30 per cent pay increase to a band of $7.5 million to
      ARTHUR LEE  -  797 words
    • Article
      Lock icon iTV to stay on air during Thai govt takeover after all
      593 3 Temasek in talks with two Thai investors over sale of Shin Satellite stake: report Reuters, Bloomberg [BANGKOK] Thai private television station iTV, sold by ousted prime minister Thaksin Shinawatra's family to Singapore's Temasek Holdings last year, will stay on
      Reuters,; Bloomberg  -  593 words
    • Article, Illustration
      Lock icon Leeson may trade full time again – with own money
      820 4 Leeson may trade full time again with own money Bloomberg [GALWAY, Ireland] Nick Leeson, the former rogue trader whose wrong-way bets on Japanese stocks ruined Britain's oldest merchant bank, has said that he may go back to trading full-time with only his own money at stake. Mr Leeson said that
      Bloomberg; BLOOMBERG  -  820 words
    • Article
      Lock icon Star Hub plans cash payout of $444 m
      472 4  -  1 in 12 shares to be cancelled; shareholders to get $2.86 for cancelled share By MATTHEW PHAN [SINGAPORE] Star Hub is proposing to distribute $444 million in cash to shareholders in a capital reduction exercise that will reduce issued share capital by
      472 words
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      Lock icon Page 3 Advertisements Column 1
      8 3 The brilliance of Hitachi lightweight, PC less projector.
      8 words
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      Lock icon Page 3 Advertisements Column 2
      49 3 "We don't take our success for granted. We still have a lot to learn to win more market share. We're never satisfied with ourselves. We always want to learn from the market, see what our competitors are doing. We want to understand our business better to serve our customers
      49 words
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  • COMPANY NEWS
    • Article
      Lock icon HLN executive directors raise stake
      261 6  -  By JANICE HENG HLN Technologies' executive chairman Ng Khoon Seng and executive director Hein Ke Long have raised their stakes in the company. Mr Hein has become a substantial shareholder, buying 2.55 million shares to raise his holding from 4.13 per cent to 6.79 per
      261 words
    • Article, Illustration
      Lock icon ST Aerospace wins $208 m Boeing conversion job
      536 6  -  By! TAMARA MOHANAN KUPPUSAMY SINGAPORE Technologies' aerospace arm has been selected by Boeing for a contract worth an estimated $208 million, bringing to $1.39 billion the deals won by ST Aerospace in just less than three months this year. The latest contract,
      536 words
    • Article
      Lock icon Autron to buy 80% of HK firm for US$34m
      313 6 AUTRON Corporation, a provider of assembly equipment and services to the electronics manufacturing industry, is acquiring 80 per cent of a Hong Kong-based eteetronics manufacturing services (EMS) firm for US$34 million. In a statement yesterday, Autron said it has entered into
      313 words
    • Article
      Lock icon Potential spoiler in QAFs plans
      681 6  -  HOCK LOCK SIEW By VEN SREENIVASAN MOST shareholders would welcome the prospect of receiving generous payouts. After all, in a volatile market such as this, it is the dividend plays which stand out from the rest. But food group QAF may just find itself facing
      681 words
    • Article, Illustration
      Lock icon Olam makes A$142m bid for Queensland Cotton
      578 6  -  Move will fill two holes in Olam's business; QCH board supports By TEH HOOI LING OLAM International, a global integrated supply chain manager of agricultural commodities, has launched a Asl42 million (Ssl69 million) cash takeover bid for Australia's largest and oldest cotton company,
      YEN MENGJIIN  -  578 words
    • Article
      Lock icon Yaan plans to raise output capacity; profit up 53%
      477 9  -  By BENITA AW YEONG YAAN Security Technology, which develops closed-cir-cuit television security and surveillance products, is targeting to expand its production capacity of 360,000 units annually by adding two more assembly lines to its current eight. This comes after it secured
      477 words
    • Article
      Lock icon Ho Bee partners 101 for top bid on Sentosa site
      155 9 HO Bee Investment has teamed up with Malaysia's 101 Properties group for its top bid on Tuesday for the Seaview Collection condo site at Sentosa Cove. Their joint bid of $459.8 million works out to $1,361.33 psf per plot ratio
      155 words
    • Article
      Lock icon About 10% of One North Residences sold: sources
      337 9  -  Prices range from $800 to $900 psf during preview By UMA SHANKARI ABOUT 10 per cent of apartments at the 405-unit One North Residences have been sold so far this week at prices of $800 to $900 per square foot, BT understands.
      337 words
    • Article, Illustration
      Lock icon Citigroup picks UOB on exposure to recovery
      337 9  -  By TAMARA MOHANAN KUPPUSAMY CITIGROUP Research has picked the stock of United Overseas Bank over that of its larger rival DBS Group despite the latter's sharp share price faU. In a report analysing the local banks' fourth-quarter earnings, the research house said it
      AFP  -  337 words
    • Article
      Lock icon DBS to push forex trade, structured products in HK
      474 9 Reuters [HONG KONGI DBS Group Holdings, South-east Asia's largest bank, is pushing foreign exchange trading and structured products to Hong Kong customers in a bid to boost revenues beyond the highly competitive mortgage and credit card markets, a top executive said
      Reuters  -  474 words
    • Article
      Lock icon Jardine's underlying profit up 15%
      457 9 Increase in sales comes mainly from the company's units in Hong Kong Bloomberg [HONG KONG] Jardine Matheson Holdings Ltd, which owns real estate, supermarkets and drugstores in Asia and runs hotels worldwide, said underlying profit rose 15 per cent last year on higher sales. Net
      Bloomberg  -  457 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up again in unconvincing session
      535 8  -  STOCKS Index rises by up to 65 points in the morning, but ends a mere 22.6 points higher as momentum slows R SIVANITHY Senior Correspondent THE Straits Times Index yesterday took a second, tentative step towards recovering from the catastrophic sell-off of the past
      SotftxAoanbag  -  535 words
    • Article, Illustration
      Lock icon Untitled
      886 8 SECURITIES TRADING SCOREBOARD MAW SOQ TOTAL U» Dow U»dl Up Pew Ut> Up Dow Umli Multilnd 6 9 2 0 1 0 6 10 2 Manufacturing 54 101 54 10 18 68 111 72 Commerce 26 23 28 9 2 4 35 25 32 T pt/Stor/Com ms 19 12 10
      886 words
    • Article, Illustration
      Lock icon BROKERS'TAKE
      784 8  -  Compiled by MATTHEW PHAN Singapore Banks KIM ENG RESEARCH. March 7 BROAD-BASED growth across sectors and regions: Singapore banks posted stellar 4Q06 results, reflecting strength in their lending businesses, overseas ventures, feebased earnings and asset quality. 4Q06 results of OCBC and UOB beat expectations, while that of DBS was
      Source Bloomberg; Source: Bloomberg  -  784 words
    • Article, Illustration
      Lock icon Markets waiting for the next big thing?
      528 8  -  CURRENCIES LARRY WEE Senior Correspondent THE Japanese yen steadied yesterday after scoring impressive gains across a broad front over the past week. Asian stock markets finished on a better note though off their morning highs after a nice bounce on Wall Street overnight.
      Source Reuters  -  528 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Riding the global oil boom
      1036 10  -  Latin American countries like Mexico and Brazil offer rich opportunities in the oil and gas sector for S'pore companies, reports CHUANG PECK MING CHUANG PECK MING THE rush to explore and produce oil and gas in the wake of spiking energy prices brings to mind
      Source: Deva  -  1,036 words
    • Article, Illustration
      Lock icon Region spells big bucks for Semco
      512 10 Brazil proving most lucrative for offshore provider SOUTH America Brazil, in particular holds great promise for Semco, an offshore service provider specialising in ocean towage and floating production storage and offloading (FPSO) installation works. "These markets are certainly doing well economically and are set
      FILE PHOTO  -  512 words
    • Article, Illustration
      Lock icon Enjoying the fruits of Singapore's FTAs
      1079 11  -  CHUANG PECK MING looks at how exporters and investors here can gain from free trade pacts CHUANG PECK MING FREE trade agreements are superhighways linking Singapore with key economies and new markets, says International Enterprise Singapore, the national trade promotion agency. "Global trading routes
      AP  -  1,079 words
    • Article
      Lock icon F&N Foods gets an edge from FT As
      651 11 torn authority in the implementation of the FTAs." In China, F&N has to ship its goods directly to enjoy the benefits of the ACFTA. "If there is transhipment, FTA documents will need to be endorsed at a fee by China's custom agent
      651 words
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      22 10 Key topics incfeide: Seminar Details Date Wednesday 14-IS March 2007 foreign markets 442 Orchard Road, Singapore *****9 Free Trade Agreement Symposium 2007
      22 words
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      14 11 Asia's premier business forum on Latin America Promoting overseas growth and international trade Singapore
      14 words
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      40 11 The Business times SINGAPORE Singapore Singapore International is a weekly, market-focused series brought to you by IE Singapore and The Business Times, IE Singapore is an agancy under the inistry of Trada and Industry halping Singapore enterprises export and Intarnationalise.
      40 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Students to be offered more language options
      562 12  -  By DANIEL BUENAS ENGLISH and Mandarin, plus Malay and Tamil, might no longer be enough. To help students prepare for a global future and take advantage of opportunities beyond Singapore, the Ministry of Education intends to take steps to boost the country's key
      562 words
    • Article
      Lock icon Khaw assurance on medical records
      281 12  -  By CONRAD TAN THE Health Minister yesterday sought to reassure the public that sensitive details of people's medical history would not be revealed under a proposed scheme for a common database of patients' medical records. A single, consolidated electronic medical record, or EMR, for each
      281 words
    • Article
      Lock icon Sharp jump in car COE premiums
      172 12 THE price of Certificates of Entitlement (COE) for cars jumped sharply higher in the latest bidding exercise some more than doubling. The biggest rise was in the big car category for cars above 1,600 cc which rose by $7,500 to $13,502. For small cars
      172 words
    • Article, Illustration
      Lock icon Happiness can boost firms' bottom lines
      570 12  -  By MATTHEW PHAN HAPPINESS can help your company's bottom line, says Cathy Greenberg, a leadership consultant and former managing partner with Accenture, who is now in town for a workshop based on her latest book, What Happy Companies Know. Firstly, to address possible misconceptions
      570 words
    • Article, Illustration
      Lock icon S'pore is Clariden's 2nd most important booking centre
      349 12  -  By GENEVIEVE CUA SWISS private bank Clariden Leu, fresh from a merger of four Credit Suisse independent banks, has named Singapore as its most important booking centre after Zurich. While its efforts to build a presence in the Asian wealth market seems
      YEN MENG JIIN  -  349 words
    • Article
      Lock icon MAS to draw up new guidelines for insurers
      323 12  -  By OH BOON PING THE Monetary Authority of Singapore is developing new guidelines for insurers to strengthen the industry's risk management practices, said deputy managing director Teo Swee Lian yesterday. "The proposed insurance risk management guidelines will cover areas like product development,
      323 words
    • Article
      Lock icon 450k jobs may be created over next 5 years: Eng Hen
      536 12  -  YESTERDAY IN PARLIAMENT Marine industry and process technology sector need more workers By CHEN HUIFEN MORE than 450,000 new jobs could be created over the next five years, including positions for professionals, managers, executives and technicians a group also
      536 words
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  • ECONOMY WATCH
    • Article
      Lock icon Growth in global oil demand seen lower
      503 13 US agency cuts forecast for growth in demand by 400,000 bpd Reuters [WASHINGTON] World oil demand over the next six months will grow at a much slower pace than previously predicted, but US petroleum use will remain strong, the US government's top energy
      Reuters  -  503 words
    • Article
      Lock icon India govt worried inflation will affect election prospects
      542 13  -  By SIDDHARTH SRIVASTAVA in New Delhi ONE would think that the increasing number of mega acquisitions and a high growth rate should be reason enough to make any government of the day very happy. New Delhi, however, is very worried and this
      542 words
    • Article, Illustration
      Lock icon China not targeting yuan as US rate gap narrows
      710 13 ANALYSIS Reuters [SHANGHAI] When US Treasury Secretary Henry Paulson arrives in China to urge more action on global trade imbalances, he will find Beijing has already made a quiet move on market interest rates that some think will help. But anyone
      Reuters  -  710 words
    • Article
      Lock icon Australia's Q4 growth highest in 1-1/2 years
      315 13 Reuters [SYDNEY] Australia's economy grew at its fastest pace in one-and-a-half years last quarter, as consumers and the government spent briskly while businesses ramped up production to meet strong domestic demand. The strength handily beat market expectations and pushed the Australian dollar higher
      Reuters  -  315 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Proton, Peugeot Citroen fail to meet expectations
      244 14 AFP [KUALA LUMPUR] Malaysia's loss-making carmaker Proton yesterday said collaboration talks with French car giant PSA Peugeot Citroen failed because both parties could not meet their expectations. "From the series of discussions and meetings held in relation to the feasibility study between Proton
      AFP  -  244 words
    • Article
      Lock icon M'sian trade surplus down 43% in Jan
      179 14 AFP [KUALA LUMPUR] Malaysia's trade surplus in January fell 43 per cent to RM6.61 billion (Ss2.B billion) from RM 11.58 billion in December, the government said yesterday. However, exports for January were 8.9 per cent higher compared to a year earlier, the Ministry
      AFP  -  179 words
    • Article
      Lock icon Indonesia cranks up aid and rescue effort after quake
      356 14 Reuters [SOLOK, Indonesia] Scores of victims of deadly earthquakes in Indonesia were buried in West Sumatra yesterday, as aid flowed in for thousands displaced after their homes were flattened. The disaster management agency said 72 people were killed by Tuesday's two
      Reuters  -  356 words
    • Article
      Lock icon Jakarta mulls tin export quotas to support price
      210 14 Bloomberg [JAKARTA] Indonesia, the world's second-largest tin producer, is considering the imposition of export quotas in a bid to keep the metal's price above US$l2,OOO a ton. The proposed move would keep the global markets from being oversupplied, Mangantar Marpaung, the director
      Bloomberg  -  210 words
    • Article, Illustration
      Lock icon EON Capital offers RM4OOm higher bid than EPF for RHB
      536 14  -  It raises ante to RM9.l2b with much sweeter deal for RHB loan notes By S JAYASANKARAN in Kuala Lumpur THE tussle for RHB, Malaysia's fourth-largest banking group, just got hotter. Yesterday, EON Capital, Malaysia's third-smallest lender, outbid Monday's offer for
      536 words
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  • GREATER CHINA
    • Article
      Lock icon China needs financial derivatives
      282 15 Bloomberg [BEIJING] China needs financial derivatives such as futures and options to make its markets more flexible, the chairman of Shanghai's futures exchange said. China must introduce its own financial products similar to yuan derivatives traded in the US, chairman of the China Financial Futures Exchange
      Bloomberg  -  282 words
    • Article
      Lock icon China Reinsurance eyes US$2.6b IPO
      271 15 Reuters [SHANGHAI] China Reinsurance, the country's biggest reinsurer, plans to raise as much as US$2.6 billion in a dual Shanghai and Hong Kong IPO in September to bankroll a rapid expansion, two sources close to the deal said yesterday. The plan follows a decision by
      Reuters  -  271 words
    • Article
      Lock icon China to maintain rapid, stable growth
      512 15 GDP growth normal, but it'll keep tight grip on credit, land use Reuters [BEIJING] China will keep to a path of rapid but stable economic growth in 2007, the head of the National Development and Reform Commission (NDRC), China's top planning agency, said yesterday.
      Reuters  -  512 words
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  • India
    • Article
      Lock icon Companies tend to evade excise taxes: minister
      573 16 He laments central excise not growing at same rate as booming economy Bloomberg [NEW DELHI] Indian manufacturers may have a "tendency" to evade excise taxes, which are the most "troublesome" of all levies to apply, Finance Minister Palaniappan Chidambaram said yesterday. The collection
      Bloomberg  -  573 words
    • Article
      Lock icon Reliance to regroup overseas oil assets
      185 16 Reuters [MUMBAI] Reliance Industries Ltd, India's top private explorer, will transfer its overseas oil assets to a new holding company to reduce risk on its balance sheet, The Economic Times reported yesterday. In an unsourced report, the paper said that Reliance Exploration and Production
      Reuters  -  185 words
    • Article
      Lock icon Indian TV company fears foul play
      181 16 AP [NEW DELHI] A private Indian television company has threatened to pull out of a US$6l2 million deal signed with cricket authorities a year ago to broadcast matches played in India until 2010, a news report said on Tuesday. The move by Nimbus Communications
      AP  -  181 words
    • Article, Illustration
      Lock icon US turns to WTO in tiff over Indian wine duties
      369 16 It complains about difficulty entering India market Reuters [WASHINGTON] The United States has requested World Trade Organization consultations with India over what it calls "excessive duties" on wine and distilled spirits, the US Trade Representative said on Tuesday. "With its
      Reuters; REUTERS  -  369 words
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      Lock icon Page 16 Advertisements Column 1
      33 16 Your financial results in our newspapers. Diners Club Card Hawker's square at Phoenix Cafe Windsor Charting directions Take your own sweet time with this tall,dark and handsome model ELEVATE YOUR SENSES... Bacchus Boathouse
      33 words
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  • MIDDLE EAST
    • Article
      Lock icon Al-Salam Bank, CM IA team up
      275 17 CMIA will help Bahrain lender buy into SMEs in China's industrial regions Bloomberg [DUBAI] Al-Salam Bank BSC, a Bahrain-based Islamic lender established last year, has agreed to form a private equity venture with CMIA Capital Partners to invest in Chinese companies and realty. From
      Bloomberg  -  275 words
    • Article, Illustration
      Lock icon Dubai Financial Market shares double on debut
      237 17 Bloomberg [DUBAI] Shares of the Dubai Financial Market, the Middle East's first stock exchange to sell a stake to the public, more than doubled during their first trading day. The stock rose to 2.35 dirhams at the close, gaining 1.35 dirhams from the
      Bloomberg; BLOOMBERG  -  237 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      2492 17 UNIT TRUSTS FUNDS l^ll'STr?."''r tTTT 7 r^J—'%! liil AS Am Income 8T SGD 13J« WW5k~elEmgYWICEUR 10I*20V104*/SI AMttCMfe MOST USD u *2r UCEoEutiA A to aiKUbUnuci »um .mif-m-,. A* lm mam AT USD DWS »M9 Eim TO NCEUR Wi13«W«M «S2JSm3i« x/nnr J* 52KTi!7j?» *28 *»»j «iW 988fc«o«d 105*111 ABAmwJrawBTUSD 87V DWSInwa
      2,492 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon TSE set to delist Nikko Cordial: report
      479 18 Citigroup said earlier it will launch US$ 10.8b bid for brokerage Reuters [TOKYO] The Tokyo Stock Exchange is likely to decide to delist scandal-hit Japanese brokerage Nikko Cordial Corp tomorrow, the Nikkei business daily said. The newspaper said yesterday that the TSE had
      Reuters  -  479 words
    • Article, Illustration
      Lock icon Singapore beckons the water way
      679 18 Republic is turning its network of reservoirs and rainwater canals into areas for water sports, walking and cycling Reuters [SINGAPORE] WATER. For years, Singapore has taken a utilitarian view of it. Great for shipping, good for rinsing semiconductors. But for fun? No way. Now all
      Reuters; FILE PHOTOS  -  679 words
    • Article
      Lock icon Many Asian cities getting costlier
      389 18  -  By ANNA TEO EVEN as Tokyo and Osaka have been overtaken by European capitals as the world's most costly cities, Asian hubs have become more expensive. Singapore, for one, has climbed 10 rungs to 14th on the Economist Intelligence Unit's (EIU) latest cost of living
      389 words
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      Lock icon Page 18 Advertisements Column 1
      93 18 Cats Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF J. FAIR PTE. LTD. (Company No: *****3079 M) In Members' Voluntary Winding Up NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, In the Matter of
      93 words
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      304 18 GUTHRIE GTS LIMITED (Incorporated in Singapore) IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MERRICK SINGAPORE PTE. LTD. (Company No: **********) (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting held at 6 Robinson Roaa, #06-00 ASO Building, Singapore *****4
      304 words
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      Lock icon Page 18 Advertisements Column 3
      36 18 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF EASTMOUNT HOLDINGS PIE. LIMITED IN THE MATTER Of THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF EASTMOUNT HOLDINGS PTE. LIMITED
      36 words
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  • World
    • Article, Illustration
      Lock icon Sweden plans to sell crown jewel Absolut Vodka
      403 19 AFP [STOCKHOLM] Sweden plans to sell off one of its crown jewels, the Absolut Vodka brand, sparking interest from suitors in the drinks industry vying for a share of the expanding global vodka market. No sooner had Sweden's centre-right government presented a
      AFP  -  403 words
    • Article
      Lock icon Starbucks memo sparked misplaced fears: analysts
      441 19 Reuters [LOS ANGELES] A memo from Starbucks Corp's founder and chairman warning of threats to the brand has created misplaced growth fears, analysts said on Tuesday, arguing that the memo was a rallying cry for managers rather than a call to slow down. Shares
      Reuters  -  441 words
    • WORLD WATCH
      • Article
        Lock icon Thai corporate profits plunge in Q4
        123 19 Bloomberg [BANGKOK] Corporate profits in Thailand dropped in the fourth quarter as consumers spent less following a military coup, and a stronger baht eroded earnings of exporters such as chip assembler Hana Microelectronics. The combined profit for 46 of the 50 biggest publicly traded
        Bloomberg  -  123 words
      • Article
        Lock icon E.ON drops key condition in 41b euro Endesa bid
        103 19 Reuters [FRANKFURT] E.ON dropped a key condition in its 41 billion euro (5582.2 billion) bid for Endesa on Tuesday, counterattacking after Italian rival Enel snatched control of a major stake in the Spanish utility. In a statement, E.ON said its bid
        Reuters  -  103 words
      • Article
        Lock icon Embattled Eurotunnel cuts losses in 2006
        76 19 AFP [PARIS] Eurotunnel, the operator of the Channel tunnel that has been fighting bankruptcy, yesterday said that it stemmed losses last year after a catastrophic 12 months in 2005. The group said that it made a loss of 204 million euros (*****.9 million) in
        AFP  -  76 words
      • Article
        Lock icon Vivendi reports 18% earnings jump to 2.6b euros
        103 19 Reuters [PARIS] French media and telecoms group Vivendi yesterday posted an 18 per cent rise in adjusted full-year net profit, in line with forecasts, boosted by its games, French mobile and pay-TV units and by Maroc Telecom. The company made a full-year
        Reuters  -  103 words
      • Article
        Lock icon Sony, Hitachi to delay results because of US rules
        123 19 Bloomberg [TOKYO] Sony Corp, the world's second-largest maker of consumer electronics, and Hitachi Ltd, Japan's biggest electronics group by sales, will delay earnings reports because they need more time to prepare for US accounting rules. Sony, which relies on the US
        Bloomberg  -  123 words
    • Article
      Lock icon Americans waiting for US$370m jackpot
      207 19 The top prize in Mega Millions lottery is the biggest payout ever AFP. Bloomberg [NEW YORK] US gamblers waited in bated breath for the winners to be announced in an estimated US$37O million prize in the world's biggest ever lottery jackpot. The Mega Millions top
      AFP.; Bloomberg  -  207 words
    • Article
      Lock icon Microsoft slams Google in online content battle
      527 19 It accuses rival of skirting copyright in rush to grab content for free AFP [NEW YORK] Software giant Microsoft launched a stinging attack on Google on Tuesday, accusing its Internet rival of riding roughshod over copyright in a rush to grab potentially lucrative
      AFP  -  527 words
    • Article
      Lock icon BURSA MALAYSIA
      2491 19 VOL *«r7 1 W- rw> A8M Realty 1.51 0.13 125 Abrk Bhd .030 unch 221 Acp Industries 1.60 0.17 1610 Advance Synergy .0.28 -0.01 2956 Adventa Bhd 0J7 0 09 54 Ac Multi Hldgs .0.35 0.02 298 Atfm Holdings 220 0.07 9220 Ahmad ZakiReou 2.37 -0.01 43 Ait
      2,491 words
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  • AVIATION
    • Article, Illustration
      Lock icon Cathay Pacific profit up 24% on China travel
      757 20 Takeover of HK Dragon Airlines gives it 21 new routes in China Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Hong Kong's biggest carrier, said 2006 profit rose 24 per cent, after it flew more passengers and bought a rival to expand in
      Bloomberg; AFP  -  757 words
    • Article
      Lock icon India may hike peak air travel charges to cut congestion
      433 20 AFP [NEW DELHI] India says it plans to increase charges on airlines for peak-time operations to cut congestion during the busiest periods, which could lead to higher air fares. "We're working on a clear system of disincentives for airlines operating
      AFP  -  433 words
    • Article, Illustration
      Lock icon Indon plane crash kills 23, scores escape
      381 20 Reuters [YOGYAKARTA, Indonesia] An Indonesian passenger jet overshot the runway and burst into flames yesterday as it landed in the cultural capital of Yogyakarta, but most of the 140 people on board survived. Dozens of passengers leapt from the national carrier Garuda Airline
      Reuters; AFP  -  381 words
    • Article
      Lock icon EADS capital increase likely under 5b euros
      140 20 Bloomberg [TOULOUSE] Airbus SAS chief executive officer Louis Gallois said a capital increase for the planemaker's parent, European Aeronautic, Defence Space Co, would likely be less than 5 billion euros (Sslo billion). EADS has sufficient cash currently so there isn't a pressing need
      Bloomberg  -  140 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2301 20 CTTT MBIT «TA FUOT ITB AbaDMM SQ455 1225 SQ456 1300 AdllaHlLH9771 1740 AF8088 2215 SO268 1740 BA7382 2215 AF8087 1830 Of82 2215 BA7381 1830 LH9770 2350 r Q«1 '830 jSM| 2^50 »kmat+ut SQ530 1930 Aimtardam L***** 0645 KL838 2315 SQ323 0645 L***** 2345 1§05 SQ324 2345
      2,301 words
  • Page 20 Miscellaneous
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  • SHIPPING
    • Article, Illustration
      Lock icon Germanischer Lloyd designs new Panamax boxship
      553 21  -  The ship is 427 m long and 55m wide, with a draft of 18.3 m By DONALD URQUHART [SINGAPORE] Panama's historic US$5.3 billion expansion of its 93-year-old canal, which will double its capacity, will redefine what "Panamax" means, with one classification society already touting
      PHOTOS: GERMANISCHER LLOYD  -  553 words
    • Article
      Lock icon Qingdao Port plans share float in China or HK this year
      407 21 Reuters [BEIJING] China's fifth largest port, Qingdao Port, aims to float shares on the domestic or Hong Kong market this year to expand its container business, its chairman said on Tuesday. Qingdao, in the booming coastal province of Shandong,
      Reuters  -  407 words
    • Article
      Lock icon Coal and ore ship rates may rise on Aussie congestion
      317 21 Bloomberg [LONDON] The cost of transporting commodities including coal, iron ore and steel, at its highest in more than two years, may extend gains as record delays at Australian ports cut the supply of vessels. A shipping bottleneck at Newcastle,
      Bloomberg  -  317 words
    • Article
      Lock icon Torm 2006 pretax profit down 19%
      205 21 Reuters [COPENHAGEN] Danish shipping company Torm reported a 19-per-cent drop in full-year pretax profit due to volatile freight rates and issued an outlook below analysts' forecasts for 2007. Pretax profit fell to US$24l million in 2006 from US$299 million in 2005 and compared with
      Reuters  -  205 words
    • Article
      Lock icon Fonterra lobbying govt to oppose NZ ports merger
      243 21 Bloomberg [WELLINGTON] Fonterra Cooperative Group Ltd, the world's biggest dairy exporter, called for more information on a proposed merger of New Zealand's two biggest ports. Ports of Auckland, in New Zealand's biggest city, and Port of Tauranga, 200 km away on the
      Bloomberg  -  243 words
    • Article
      Lock icon Cosco plans to add more crude and LNG carriers
      518 21 Reuters [BEIJING] China's top shipping firm, China Ocean Shipping (Group) Co or Cosco. plans to nearly double its crude carrying capacity to some eight million deadweight tonnes (dwt) by 2010 from the current 4.5 million dwt, a senior executive said. The
      Reuters  -  518 words
    • Article
      Lock icon TRANSPORT STOCKS
      258 21 'sax im' Hi 7 H W Ch 040 0.01 554 Ovim K® Hk*p OJ! 001 519 CoMOtwp 251 001 MMS CMlUmrtvO ON -OBI 1109 IWHkta _A 70 -ft 14 3K AM mdi J TV) Grand tank* 6*2 0 0J 3 JMttoUUtf 142 untft M KfVantura OJO -001 2429
      258 words
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  • EDITORIAL & OPINION
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      Lock icon Sound and fury of Taiwan politics
      523 22 EDITORIAL THE ghosts of Taiwan's history seem to have made a remarkable intrusion into current political life of the island. Last week saw ceremonies that honoured people killed in riots 60 years ago. On Feb 27,1947, customs officers arrested a woman selling cigarettes without
      523 words
    • Article, Illustration
      Lock icon Mini meltdown may be good thing/or Asia
      796 22  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent IT came out of the blue and then seemed to subside back into that ether, almost as though it had never happened. And yet, the mini meltdown in world stock markets that has occurred over the
      796 words
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      Lock icon Building a sports hub the innovative way
      958 22  -  Singapore goes with a public-private partnership programme for its sporting facilities By BRYN JONES HARRY SEEKINGS A QUARTER of a century after the first public-private partnership (PPP) programme was launched in the UK, Singapore is about to break new ground with an innovative
      FILE PHOTO  -  958 words
    • Article, Illustration
      Lock icon Taxing employee stock options
      1269 23  -  Employers and employees who are foreign nationals face many issues in complying with the deemed exercise rule By DAVID SANDISON ALOK AGRAWAL ONE may believe that the taxation policy of a state seeks to tax only real income. However, that is not the case when one
      FILE PHOTO  -  1,269 words
    • Article, Illustration
      Lock icon Greenspan's shadow needs to shrink
      1206 23  -  By JAMES M O'NEILL Bloomberg WHAT does former Federal Reserve chairman Alan Greenspan have in common with Jack Welch, George Washington and a movie character out of Hitchcock? The answer, say management consultants and leadership gurus, is that just like General Electric Co's former chief
      Bloomberg; BLOOMBERG  -  1,206 words
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  • Article
    Lock icon SINGAPORE STOCKS
    11179 24 SGX MAINBOARD Transaction date: Mar 7 52-Wk Tel Last Vol Day Let Quote Div GrYW Net MCap High tow Code Company Sale W- COOP) High Low »«y«r SdUf Cw Wt SiJ 3.5 1 5716 1st Software 2 susp 81 113 6 3148 8Telecom._ 9 4)5 316 9.5 9
    11,179 words
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  • Article
    Lock icon FINANCE & COMMODITIES
    7018 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES hi toe* on to SS to U» dy %yr dy yi dy %yr Mat livtooi Ch*s/t Oxng« Oiwy Ch«n9> Q»nq« Oinga WwWtixlaPitfwinav 1087.6 1.1 -U 1 Jt) -1.7 1,1 -13 I WEPwBminatv 1100-9 13 -05 UP -13 13 -05 Europe Piefcninatv 1476.1 05
    7,018 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      91 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/NOi/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPiE-EAST SERVICE SERVICE Destination PAN VOYAGER JDH/DMT/BJA Destination DD MASTER DBI/ABU/DOH/BRN/DMM/KWT QUOCTU GAM INC/BSN PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping
      91 words
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      Lock icon Page 26 Advertisements Column 2
      43 26 DONGNAMA LINE VESSEL (EVERY SUN) Vessel Gemartrans (S) Pte Ltd Goodway Agencies (Shipping) Re Ltd Tel 6743 0746 Fax 6748 9530 www.goodwaylogistics.com PLACE YOUR AD HERE The Business Times Shipping Times CALL MICHAEL CHNG AT 9862 986S OR BERNARD ONG AT 9675 0002
      43 words
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      Lock icon Page 26 Advertisements Column 3
      37 26 Wallenius Wilhelmsen logistics Vessel Eta Sin Discharging Ports Nortrans shipping agencies Guam Pohnpei Koror Yap Truk Kosrae Legal services required by shippers owners TO ADVERTISE, CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 0002
      37 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      26 27 WAN HAI INTERNATIONAL PTE LTD Pekanbaru Pontianak RICKMERS-LINIE AUSTRAL ASIA LINE Delmas TO ADVERTISE, CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 0002
      26 words
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      Lock icon Page 27 Advertisements Column 2
      50 27 Irisl The only national line of Iran EASTERN CAR LINER, LTD CHINA SHIPPING CONTAINER UNES (HONG KONG) CO., LTD. TOKO LINE MYANMA FIVE STAR LINE CONTAINER SERVICE MARIANA EXPRESS LINE P. T. DJAKARTA LLOYD (PERSE RO) TO ADVERTISE, CALL MICHAEL CHNG AT 9862 9865 OR BERNARD ONG AT 9675 0002
      50 words
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      Lock icon Page 27 Advertisements Column 3
      26 27 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS Scheduled sailings to Colombo Indonesia-Java Sulawesi Ports JESSILTON SHIPPING Place your ad here
      26 words
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  • The Business Times Shipping Times
    • Article
      Lock icon The Business Times Shipping Guide Export
      6215 28 This ETA ETA AJmiHw VmmI Vayaf* Tlliphl.l SM Darn Mm Mm N—blr Himk l 1o ABU DHABI (AUH) 2004 U. A. Emirates 27/03 10/04 SO EMIRATES WASt 710W *****355 03AM 19(04 SCI SCI DIYA 710W *****355 10/04 24/04 SO 15 DUBAI 709W *****355 lb
      6,215 words
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  • BizIT
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      Lock icon Untitled
      23 29 'Besides the creation of business opportunities, SMEs can benefit from One Team's wealth of expertise and experience.' NCS chief executive Chong Yoke Sin
      23 words
    • Article, Illustration
      Lock icon Final hammer drops on M1's mobile auctions
      354 29  -  By Winston Chai DESPITE receiving an overwhelming response from consumers, the final hammer has quietly dropped on Mi's popular mobile auction service. Introduced in June last year, the offering allowed customers to bid a range of snazzy handsets like tile Nokia NBO and
      FILE PHOTO  -  354 words
    • Article
      Lock icon Friendster makes Google its ad supplier
      132 29 Reuters [SAN FRANCISCO] Friendster Inc has named Google Inc as its exclusive advertising and Web search provider, part of a plan by the originator of the social network craze to expand globally, the company said on Tuesday. The plan calls for text and display
      Reuters  -  132 words
    • Article, Illustration
      Lock icon 21 Singapore technology firms to show their wares at CeBIT
      450 29  -  By ROLAND LIM THE next big global Singapore brand might just be lurking among the 21 Singapore technology companies that are going to show their wares at the giant technology fair CeBIT 2007 next week. And that is precisely what
      450 words
    • Article, Illustration
      Lock icon Playing the SME card
      858 29  -  NCS-led group plans to farm out 10% of $2b govt contract if it wins, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SMALL and mediumsized enterprises (SMEs) will be important partners in implementing the government plan to outsource its front-end computer network if One Team, the consortium
      858 words
  • Page 29 Advertisements
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  • PROPERTY
    • Article, Illustration
      Lock icon Bids for Beach Rd site may top $1b
      376 31  -  40% of the 376,295 sq ft site must be for office use and 30% for hotel use By ARTHUR SIM THE Urban Redevelopment Authority (URA) has released a redevelopment site at Beach Road for sale by tender and bids are likely to
      376 words
    • Article
      Lock icon Upper Changi, River Valley sites up for tender
      338 31  -  By VINCENT WEE IN further moves to ease the shortage of office space, the Singapore Land Authority (SLA) is putting up for tender two more state properties for office use today. Following last month's release of the former police headquarters at Pearl's
      338 words
    • Article, Illustration
      Lock icon 4 more properties go on en-bloc sale
      372 32  -  They are Himiko Ct, Green Meadows, Eden Spring, and a River Valley block By KALPANA RASHIWALA MORE sites continue to join the queue for collective sales. Himiko Court at Mt Sinai, Green Meadows in Upper Thomson, Eden Spring at Balmoral Rd, and an
      372 words
    • Article
      Lock icon Soilbuild launches food factories
      210 32 LISTED property developer Soilbuild Group Holdings has launched its Senoko Food Connection terrace food factories at Senoko Crescent for sale and lease. The project, aimed at small and medi-um-sized enterprises in the food manufacturing and distribution industries, comprises 15 units of terrace factories. Soilbuild said yesterday
      210 words
    • Article, Illustration
      Lock icon HK's Link Reit mired in rent and lease controversy
      567 33  -  Mgt-tenant run-ins cast shadow over HK public asset divestments By JANE MOIR in Hong Kong HONG KONG'S first and biggest Reit is struggling to shake off controversy, as commercial tenants in its public housing estate properties go head to head with
      BLOOMBERG FILE PHOTO  -  567 words
    • Article, Illustration
      Lock icon CDL buys Hong Leong Garden for $131.5 m
      513 34  -  More developers may buy back sites they developed years ago By KALPANA RASHIWALA ANNOUNCING its second land acquisition this week. City Developments, the listed property arm of Singapore's Hong Leong Group, said yesterday it has bought Hong Leong Garden Condominium in the
      513 words
    • Article
      Lock icon Househunt Property transactions lodged between Feb 26 and March 6, 2007
      1529 34 WIECTNAME/ PROP CONTRACT TENURE BUIU-WAREA PRICE PSF PROJECT NAME/ PROP CONTRACT TENURE BUKJ-INAREA PRICE PSF PROJECT NAME/ PROP CONTRACT TENURE BtltT-INA«A PRICE PSF STREET NAME TYPE DATE (SQFT1 (SlOOO) (St) STREET NAME TYPE OWE (SQ ff) (S> 000) 61)
      1,529 words
  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      85 31 1100 Lower Delta Road Fully refurbished 4 storey industrial cum office building 5 mins drive to financial district Fully leased/occupied Land area of 48,599 sf JTC 60 yrs wef 1-8-1969 Gross floor area of 103,624 sf Lettable area of 86,000 sf Long term leaseback Star Mansions (by tender) Site Area
      85 words
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      Lock icon Page 31 Advertisements Column 2
      18 31 FAIRWAYS FREEHOLD RESIDENTIAL SITE FACING KEPPEL GOLF LINKS One Balmoral ”Stroll to Great World City” Nanyang Business School
      18 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      41 32 For Lease Office: 646 to ***** sqft Shop: 258 to 1873 sqft Outside CBD/Free Shuttle Bus Service to MRT Station Panoramic city/sea view Broadband enabled/ SCV Service available For enquiries, please contact Jason Chow 9673 7733 jasonchow@propnex.com HOT IPO Double eagle.
      41 words
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      Lock icon Page 32 Advertisements Column 2
      7 32 37 mactaggart road Your best body ever
      7 words
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  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
      78 33 Near to Orchard Road/Dhoby Ghaust MIRT Charting directions Prime Residential Site In Close Proximity To Orchard Road Site Area: 136,677 sq ft (approx) Plot Ratio: 2.8 up to 36 storeys Close proximity to Orchard Shopping Belt *'-ss^ Walking distance to Orchard GBM Somerset MRT Expression of Interest Closing Date: 29
      78 words
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      Lock icon Page 33 Advertisements Column 2
      16 33 Prime freehold residential land at mount sinai collective sale of himiko court Development site a Siglap
      16 words
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  • Page 34 Advertisements
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      Lock icon Page 34 Advertisements Column 1
      72 34 BISHOPSGATE PRIME DEVELOPMENT SITE FOR SALE BY TENDER 2- 50 Bishopswalk Large land sizeapprox. 69,189 sq ft Plot Ratio 1.4 Prestigious and serene neighbourhood, Ideal for super luxury development Close to Orchard Road shopping belt Potential to build 48 units of 2,000 sq ft Tel: 6224 8181 6 Battery Road
      72 words