The Business Times, 22 September 2007

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Total Pages: 20
1 20 The Business Times
  • 19 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 BWWP^^WWSyTjBT|T|^H online at http://business-times.asia1.com.sg
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  • 494 1  - Beckkett, Deutsche claim victory after court ends multi-million-dollar saga WEE LI-EN By 1 [SINGAPORE] The longdrawn dispute involving some of Indonesia's most prominent businessmen over shares in Indonesia's second biggest coal mine, PT Adaro, is finally over. Yesterday, the High Court found that Deutsche Bank breached its mortgagee duty by
    494 words
  • 777 1  -  VEN SREENIVASAN VINCENT WEE More than $10 million raised this year through the perfect vehicle to reach the well-heeled By and en an active interest in charity golf. Besides allowing free use of their facilities, many also actually play host.
    FILE PHOTC  -  777 words
  • MARKETS DIGEST
    • 44 1 Friday 1,305.94 lange -2.73 1COMP IIKKEI225 16,312.61 -101.18 1ANG SENG 25,843.78 +142.65 ;et index 831.51 +16.08 JAKARTA COM P 2,335.49 +30.86 IANILACOMP 3,423.73 -18.65 ;eoulcomp 1,919.26 +10.29 ;henzhen b 770.67 -8.78 IUMBAI IND 16,564.23 +216.28 12N00NEDT Change 13,857.91 +91.21 )OW IASDAQ 2,676.96 +22.67
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    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.50 INDONESIA 15.194 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.75 CANADA 6.25 SWITZERLAND 3.84 INDIA 12.75 Source:
      Bloomberg  -  29 words
    • 41 1 USS SS IS$ (S$ per US$) 1.506 (US$/S$ per 2.014 3.033 ;URO(US$/S$/E) 1.408 2.120 'EN 115.10 76.40 3.449 2.291 IK$ 7.785 5.171 !AHT 34.23 22.74 1UPIAH 9,184 6,100 1ENMINBI 7.501 4.983 INDIAN RUPEE 39.89 26.49 1.154 0.766 IZ$ 1.348 0.895
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 69 1 |1\ FOOD MOTORING TECHNOLOGY JL CLIPPER RACE i Bfl HHfi'l S Singapore cuisine makes Mini's trendy new Clothes that reflect A (fcSr Plenty gained in 1 I £> its mark overseas lifestyle model your mood first 'traimn^'race The big picture Edward Dolman, CEO of Christie's International, on why contemporary art
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  • TOP STORIES
    • 558 2  -  VEN SREENIVASAN Sentosa makes a piece of history but SICC rates show signs of softening By [SINGAPORE] Club membership prices in Singapore have just crossed a new milestone. For the first time, someone has paid $300,000 for a golf club membership. The amount was
      558 words
    • 459 2  - Philips' winning idea electronics you can wear AMIT ROY CHOUDHURY By I [SlNGAPOßE] Ever wanted to wear clothes that glowed with inner light to reflect your various moods? Well your "blushing dress" might just be on the way as Philips Design's revolutionary SKIN probe project has been selected by the
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    • 411 2  -  NISHA RAMCHANDANI By [SINGAPORE] In a vote of confidence for Singapore's semiconductor and precision engineering industries, Nasdaq-listed FormFactor will invest around US$2OO million in a 300,000 square foot wafer probe card plant here. The project, which is expected to be completed around
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    • THREE-MINUTE DIGEST
      • 53 2 MCL LAND has sold 85 per cent of its 163-unit cluster terrace home development Hillcrest Villas over the past fortnight. The average price for the 99-year leasehold project in the Dunearn Road area is about $871 per square foot of strata area. COMPANY
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      • 52 2 CONSTRUCTION and property group KSH Holdings yesterday proposed to issue up to $25 million in convertible notes to institutional investors. The issue, partly to fund capital expenditure, includes a greenshoe option of up to $5 million to meet excess demand. COMPANY NEWS,
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      • 62 2 PRIME Minister Lee Hsien Loong disclosed yesterday that uppermost on his mind was remaking Singapore and how to help Singaporeans cope with changes in the next 5-10 years. Also, grooming and putting in place good leadership is something
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      • 53 2 SMEs that want to test-bed their latest products in a simulated environment can now do so with financial support from Spring Singapore. Spring will pay part of the fees for SMEs to use the Philips InnoHub, a simulated environment for test-bedding consumer electronics. SINGAPORE
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      • 59 2 MALAYSIA'S Petronas has agreed to buy FL Selenia from Kohlberg Kravis Roberts (KKR) in a deal valuing the Italian lubricant maker at about one billion euros (S$2.1 billion) including debt. Petronas, the state-owned oil and gas company, already has a strategic alliance
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      • 89 2 CHINA will limit the amount that individuals can invest in Hong Kong equities, curbing a plan that has fuelled a 19 per cent jump in the city's stock market since it was announced a month ago. The government will cap investments under
        89 words
      • 83 2 THAI Information and Communication Technology Minister Sitthichai Pookaiyaudom plans to resign after the country's anti-corruption body accused him and two other ministers of breaking a law that forbids ministers from holding a stake of more than 5 per cent in
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      • 71 2 A BILLION dollars just does not go as far as it used to. For the first time, it takes more than US$1 billion to earn a spot on Forbes magazine's list of the 400 richest Americans. The minimum net worth
        71 words
    • 283 2 Former MDs to form private equity fund targeting China [SINGAPORE] Two senior Hong Kong-based executives of Singapore investment company Temasek Holdings have quit. "Frank Tang, senior managing director, investments, China, and another staff member, Terry Hu, managing director, investments, will be leaving Temasek,"
      283 words
  • Page 2 Advertisements

  • THE RAFFLES CONVERSATION
    • 2254 3 Edward Dolman, CEO of Christie's International, tells PARVATHI NAYAR how the venerable auction house has responded to changing tastes in the world of art ART auctioneer Christie's International has sold as much in the first half of this year as it sold in the full 12 months
      YEN MENG JIIN  -  2,254 words
    • 156 3 CHRISTIE'S CEO Edward Dolman is upbeat about Singapore's role in the world of art and auctions. He notes that "the pool of collectors here is growing," and he thinks there will be many add-on benefits from the government's support of art through efforts like the National
      156 words
    • 98 3 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through the highest
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  • COMPANY NEWS
    • 350 4 FRASER and Neave Ltd (F&N) is disposing of an Australian asset for AsBo million (Sslo4 million) in a deal which will also give it a substantial stake in a major commercial printing group Down Under. The food and beverage conglomerate said yesterday that
      350 words
    • 583 4  -  KALPANA RASHIWALA Average price for the 163-unit cluster terrace homes project is $871 psf By MCL Land has sold 85 per cent of its 163-unit cluster terrace homes development Hillcrest Villas over the past fortnight. The average price for
      583 words
    • 488 4 [KUALA LUMPUR] F&N Holdings Bhd will invest RM43O million (SslBB million) to build two new dairy manufacturing plants in Malaysia and Thailand, says a report in Malaysia's Business Times. Without giving any breakdown on the investments for the two
      488 words
    • 555 4  -  R SIVANITHY STOCKS SingTel, DBS largely responsible for STl's post-FOMC performance TRADING this week, as far as the Straits Times Index (STI) was concerned, was clearly divided into a tale of two halves as well as mainly two
      555 words
    • 258 4  -  KALPANA RASHIWALA New chief Lynette Leong comes from Ascendas Korea By CAPITACOMMERCIAL Trust Management Ltd (CCTML) has appointed Lynette Leong as its new chief executive officer from Oct 1. Prior to the new appointment, Ms Leong, 43, has been CEO of Ascendas' Korea operations
      258 words
    • 286 4  -  LYNETTE KHOO By HIT by lower sales in electronics manufacturing services (EMS), Beyonics Technology's net profit for the financial year ended July 31 dipped 4.7 per cent from the previous year to $25.35 million. This was due mainly to a discontinuation of PCBA (printed
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  • Page 4 Advertisements
    • 103 4 SEPTEMBER ISSUE r GET YOURS NOW! t^Wr jT" If fl ■l"wi"Pf3P"fPP« Check out the L33T games that mSm3SmMM can be played IRL! ■7lW!fflffßWf^ A closer look at the world of llrliilHi rUJtJj a p aniscomicbook countEiparts Are you ready for the grind of your life? Grab this month's issue for
      103 words

  • COMPANY NEWS
    • 361 5  -  MATTHEW PHAN Issue includes a greenshoe option of up to $5m to meet excess demand iy CONSTRUCTION and property group KSH Holdings yesterday proposed to issue up to $25 million in convertible notes to institutional investors. The issue includes a
      361 words
    • 540 5 They hit 15% limit after company raises 590b won in IPO [SEOUL] STX Pan Ocean Co, South Korea's largest bulk shipping line, surged on its Seoul trading debut after raising 590 billion won (*****.5 million) in the biggest stock sale by an
      540 words
    • 315 5 NATSTEEL LTD will be attempting for the seventh time to change its name. The company gave notice yesterday for an extraordinary general meeting (EGM) on Oct 16 to approve a special resolution to rename itself "NSL Ltd". The company's ongoing saga to change
      315 words
    • COMPANY BRIEFS
      • 82 5 EASTERN Holdings said its subsidiary Eastern Directories has signed a non-binding letter of intent with Singapore Press Holdings (SPH) to divest selected media assets. These include the IT Show; the Computer Exhibition; the Food and Beverage Fair; and the World Food
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      • 53 5 CHEMOIL Energy has sold its 225,000 dead weight tonne tanker, MT Anand Sea, for U5526.5 million to Glory Town Investments. The vessel was acquired to provide additional capacity while Chemoil's land storage facilities were constructed, but has experienced "operational disruptions" while stationed in Malaysian
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      • 81 5 SUNTEC Reit will be seeking shareholders' approval at an EGM on Oct 8 for the proposed issue of up to $450 million in convertible bonds, according to presentation slides published on the SGX website. The issue is subject to and contingent on
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    • 346 5 BTBQtyUS A BT-FRASERS CENTREPOINT MALLS JOINT PROMOTION IF last week's BT Bonus Issue promotion had you savouring Indian cuisine, this week is another Asian joyride for your palate. Located in the courtyard of Robertson Walk at Unity Street, Chameleon Restaurant serves authentic
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  • Page 5 Advertisements
    • 878 5 Expect great surprises at LORENZO'S 24th Anniversary Sale! Visit our new 25,000 sq. ft. flagship showroom at 601 Sims Drive, Pan-I Complex (formerly SAFE Superstore) today! Enjoy our $24* MSaHlftfmlflftM Special Offers! UWJAa UL^£fl *Terms and conditions apply. Purchase any full Purchase any full leather leather L-shaped 3-seater sofa and
      878 words

  • PERSONAL INVESTMENT
    • Article, Illustration
      972 6  -  MATTHEW PHAN Hyflux Sept 21 close: 552.79 CIMB-GK Reseach, Sept 21 Source: NOT time yet: Our recent conversations with the management suggest that Hyflux is set for strong earnings growth in FYOB-09, underpinned by an outstanding order book of ***** million for FYO7-09 and maiden contributions from a
      Bloomberg  -  972 words
    • 978 6 For week beginning Sep 17 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) EnzerCorp 20-Sep-07 Lim Chye Huat Sell 4000 0.25 ***** 17.08 ***** 13.06 Hiap Hoe 20-Sep-07 Hiap Hoe
      978 words
    • 1483 6  -  TEH HOOI LING SHOW ME THE MONEY LAST week, we discussed why some companies enjoy high price-earnings (PE) multiples. Most investors associate highPE stocks with high-growth stocks. But as pointed out by consulting firm McKinsey in a couple of its reports, there is another,
      1,483 words
  • Page 6 Advertisements

  • SINGAPORE NEWS
    • 518 7  -  CHUANG PECK MING Other challenges include finding good leaders, he tells NUS student forum By WHAT keeps Prime Minister Lee Hsien Loong awake at night? Plenty, going by what he told university students at a forum last night. Uppermost in
      518 words
    • 433 7  -  CHEN HUIFEN By THE Ministry of Health will be setting up a committee to study the new specialty centres Singapore will need in the future, taking into account the emerging disease trends, projected demand and clinical capabilities. Consisting of senior doctors, the
      433 words
    • 601 7  -  LYNETTE KHOO By THREE Singapore companies who have developed business concepts for others to take up Pastamania, KinderGolf and Secret Recipe last night received awards for outstanding local and international franchisors. The awards, given by the Franchising Licensing Association Singapore
      601 words
    • 392 7 FANCY having dinner with a school of penguins for company? That was what 40 chief executive officers and their guests did last Thursday at the Jurong BirdPark. Set at the Penguin Expedition, guests were treated to this unusual experience as they dined with a panoramic view
      392 words
    • 432 7  -  MATTHEW PHAN Part of fees to be covered in testing at Philips Inno-Hub By SMEs that want to test-bed their latest products in a simulated environment can now do so with financial support from Spring Singapore. Spring will pay part of the fees for SMEs
      432 words
    • SINGAPORE ROUNDUP
      • 29 7 FORMER National Kidney Foundation chairman Richard Yong, who was this week sentenced to 15 months' jail, yesterday filed a notice of appeal against his sentence.
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      • 24 7 CHINA and Singapore will co-organise each other's film festivals starting with the first-ever Singapore Film Festival in October
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      • 49 7 JTC Corp has launched a 11,175 sq m land parcel at LI Commonwealth Drive/Lane for sale by public tender yesterday. The area has a maximum permissible gross plot ratio of 2.5 and is zoned for light industry, general industry, warehousing, utilities or telecoms uses.
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  • Page 7 Advertisements

  • MALAYSIA
    • 250 8 Reuters, Bloomberg Deal subject to regulatory approval; values Italian lubricant maker at 1b euros [MILAN] Malaysia's Petronas has agreed to buy FL Selenia from Kohlberg Kravis Roberts (KKR) in a deal valuing the Italian lubricant maker at about one billion euros (Ss2.l
      Reuters, Bloomberg  -  250 words
    • 370 8 AP [KUALA LUMPUR] Record labels, faced with sliding sales, called on Malaysian authorities yesterday to block websites that offer illegal music downloads a move that could test the government's pledge not to censor the Internet. The Malaysian music industry's revenue was RMB7 million
      AP  -  370 words
    • 320 8 [KUALA LUMPUR] Penangbased Stanton Technologies Sdn Bhd is likely to be the first Malaysian company to list on the Dubai International Financial Exchange (DIFX), says a report in The Starßiz. The flotation is expected by end-October and the book-building exercise for the sale
      320 words
    • 8433 8 Transaction date: Sep 21 High >-wks Tel Low Code Last Sale Vol ('000) High lay Last Quote Div Low Buyer Seller C'vr Net P/E I Cap $mil Company 3.5 2 5716 1st Software 22 6.5 3148 STelecom 34 17.5 5834 A-Sonic 104 98 6389 ABF SG Bond ETF
      8,433 words

  • INDONESIA
    • 359 9  -  LAUREL TEO He'll be sending a team soon to the region to scout for potential sites By in Jakarta BILLIONAIRE investor George Soros is said to be seriously considering investing in oil palm plantations covering up to 200,000 ha in Aceh.
      359 words
    • 185 9 Xinhua [JAKARTA] Major parties in Indonesia have agreed in the House of Representatives to set a 30 per cent quota for women as party executives, local press said yesterday. The Golkar Party, Indonesian Democratic Party of Struggle (PDI-P), National Awakening Party (PKB),
      – Xinhua  -  185 words
    • SGX
      • 56 9 VOLUME Baker Tech 74,802,000 El-Nets 66,413,000 Centillion 39,477,000 IndoAqri 37,001,000 StarCruises 36,889,000 Lianßenq 31,652,000 Alantac 28,339,000 ChipEnqSenq 26,789,000 STXPO KWIOO 25,935,000 SingTel 23,495,000 VALUE (S) DBS Grp 144,033,645 UOB 117,653,600 S I A 99,788,100 SingTel 87,955,490 SGX 84,702,400 STX PO KWIOO 81,883,495 Capita Land 77,719,182 OCBC Bk
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      • 89 9 CLOSE UP LD 10US$ 7300 135.5 1.2 ;gx 1170 50.0 4.5 ISH 1520 30.1 1.3 1610 30.0 1.9 IOB 2140 30.0 1.4 IndoAi iri 117 19.0 19.4 MH 2860 15.1 0.4 China H 10US$ 2010 15.1 0.5 iTXPO KW100 310 15.0 5.1 iTXPO SGAeCW*****7 113 14.5 14.7 CLOSE UP
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      • 109 9 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN lardine C&C 1700 40.0 2.3 uocoLand Ltd 494 36.0 6.8 IA10 1830 30.0 1.6 OL 500 25.0 4.8 lain irm 456 21.1 3.0 BS Gr| 2020 20.0 1.0 IA 200 1840 20.0 1.1 IOIL 231
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    • 79 9 Clob Up Down Unch 8 6 4 Up Down Unch 0 0 0 Up Down Und lulti Ind lanufacturini 86 59 61 18 15 104 68 lommerce 29 22 19 12 41 24 yt/Stor/Cornrns 15 17 10 18 17 :inance 12 13 12 13 lonstruction 11 21
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    • 111 9 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 26,476 26,476 104,834 104,834 lanufacturini 355,468 151,638 507,106 341,196 55,815 397,012 Commerce 98,832 27,491 126,323 84,935 5,764 90,700 )t/Stor/Comms 142,679 2,085 144,764 447,976 2,192 450,168 :inance 42,846 42,846 427,026 427,026 Construction 116,488 16,525 133,013 63,943 3,746 67,689 'roperties 56,682
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    • 212 9 Jlgreen 0.51 1.730 -0.030 NOL 0.90 5.000 -0.250 \scendasreit 0.91 2.600 +0.010 Noble Grp 0.56 1.770 -0.030 lapitaComm 0.53 2.700 -0.080 OCBC Bk 8.29 8.650 -0.150 la pita Land 5.04 8.000 -0.050 Olam 0.58 3.040 :a pita Mall 0.94 3.680 -0.040 Parkway Hldgs 0.72 4.140 +0.020
      212 words
    • 2429 9 BONDS WARRANTS Fel Zode Com| Last Sale Vol Conv Exer +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left >air >835 Allgreen RBeCW*****6 6.5 -0.5 100 3798 Ascendas REIT SGA ECW*****3 36 -4.5 39 1105 #AsiatravelW*****7 36 2 204 >872 AusGroup RB ECW*****7 13.5 -1.5 10 >853 AusGrpMBLeCW*****0
      2,429 words
    • 2278 9 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum all
      2,278 words
    • 80 9 52-Wk Tel High Low Code Last Sale Vol COOQ) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E $mil Comi >an' Hii ***** 119 6065 Diamonds 5000 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO *****
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    • 74 9 52-Wk Tel ligh Low Code Last Sale Vol COOP) Day Last Quote Div GrYld |h Low Buyer Seller C'vr Net MCap P/E Sinil Comi lam Hii 141 105 6000 AVJennings... 21.5 5 6134 Over&Gen 64 15.9 6017 StarCruises 320 179 6019 TanChonglnt ...A127cd ...A12 .US43.5 .HK250 +3 unch
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  • GREATER CHINA
    • 606 10 Bloomberg Decision highlights conflicting goals among different regulating agencies [SHANGHAI] China will Umit the amount individuals can invest in Hong Kong equities, curbing a plan that has fuelled a 19 per cent jump in the city's stock market since it was announced a
      Bloomberg; REUTERS  -  606 words
    • 280 10 AFP [BEIJING] Nearly half of aU Chinese think prices are too high, state media reported yesterday, in a sign that rising inflation is affecting the public mood. The Chinese central bank's quarterly survey, conducted in 50 cities covering 20,000 households, found that 47.1 per
      AFP  -  280 words
    • 221 10 Reuters [HONG KONG] Shares in Cathay Pacific, Asia's No 3 carrier, soared as much as 12 per cent yesterday before they were suspended from trade, as investors bid up Chinese airlines in hopes that Beijing will soon kick off a wide-ranging overhaul of the
      ■ Reuters  -  221 words
    • 2385 10 VOL C000) P 21 RM \&M Realty 0.83 \bricBhd 0.28 \dvance Synergy 0.33 VJventaBhd 1.49 \eMulti Hldgs 0.30 Win Holdings 2.56 \hmad Zaki Resou 4.44 \ic Corp 0.56 \irasia Bhd 1.84 \kn Messaging Te 0.18 \kn Technology 0.75 Mliance Financi 3.12 Muminium Co 1.30 \malgamated Ind 0.52 \minvestment
      2,385 words
    • 282 10 [BEIJING] A senior Mattel executive apologised to China yesterday for recent recalls of Chinese-made toys and said the company took full responsibility. Mattel, the world's largest toy maker, has come under scrutiny following the recall of about 21 million of its Chinese-made toys
      282 words
    • 447 10 Reuters [HONG KONG] Hong Kong's stock market regulator will take at least a few months longer to study plans to ease short selling rules because of the recent bout of market volatility, its chief executive said yesterday. "Our view
      – Reuters; REUTERS  -  447 words

  • INDIA
    • 412 11  -  SIDDHARTH SRIVASTAVA Brisk sales in major cities as brands target the wealthy from other areas By in New Delhi GLOBAL fashion labels are looking to tap the growing Indian market. While global names French Connection (FCUK), Tommy Hilfiger and Calvin Klein (CK) have
      412 words
    • 484 11 Bloomberg [NEW DELHI] ITC Ltd, India's biggest cigarette maker that runs five-star properties with Starwood Hotels Resorts Worldwide Inc, plans to increase fivefold its brand of cheaper lodgings to tap demand in smaller towns. Fortune Park Hotels Ltd, a subsidiary of ITC,
      Bloomberg  -  484 words
    • 7638 11 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 1.079/ Star Europe Bond 1.204/ Star Europe Bal 1.257/ Star Asian Tiger Eqty 1.679/ Star Asia Bond 1.286/ Star Asia Balanced 1.103/ Star Global Technology Fund!" 0.241/ Multi St Fd 0.977/ Star Asia Bond(USD) 0.854/ Gib Multi St USD
      7,638 words
  • Page 11 Advertisements
    • 31 11 Allianz Global Investors one of the world's largest asset managers with more Allianz (jji) than US$1.2 trillion assets under management as at 31 December 2006. Global lnvestors company regn. no *****7169Z
      31 words

  • ASIA-PACIFIC/WORLD
    • 598 12 Reuters New shares at 44% discount priced at 15 euros; 4.2b euros profit seen in 2007 [BRUSSELS/AMSTERDAM] Belgian-Dutch financial group Fortis yesterday set a deep discount on a 13.4 billion euro (5528.3 billion) rights issue, moving a step closer to its acquisition of parts
      – Reuters  -  598 words
    • 500 12  -  OUR CORRESPONDENT By in Bangkok THAILAND'S Information and Communication Technology Minister Sitthichai Pookaiyaudom plans to resign after the country's an-ti-corruption body accused him and two other ministers of breaking a law that forbids ministers from holding a stake of more
      500 words
    • 550 12 Reuters Report on N Korea linked donations may tarnish Fukuda branch headed by Mr Fukuda to small donations from a business with ties to a pro-North Korea group in Japan could affect the race against former foreign minister Taro Aso, political analysts
      – Reuters  -  550 words
    • 345 12 uters -Re- [TOKYO] Shares in Sharp Corp and Pioneer Corp fell 2 per cent here yesterday, as investors questioned whether an equity and business alliance would make the Japanese consumer electronics makers more competitive. The deal is the latest move by Japan's electronics
      uters; -Re  -  345 words
    • 565 12 Reuters [LONDON] The Bank of England (BOE) has pinpointed Britain's banking regulations as prime suspects in an unfolding financial crisis, but the authorities should be wary of any hasty decisions for fear of making weak rules worse. When Prime Minister
      – Reuters  -  565 words
    • 378 12 Reuters [BOSTON] Hedge fund portfolios run by computers are supposed to deliver better results than those managed by humans, but that did not happen last month when both types of funds lost money, managers said and new data showed. Many
      Reuters  -  378 words

  • WORLD
    • 618 13 AP, AFP [NEW YORK] A billion dollars just does not go as far as it used to. For the first time, it takes more than US$l billion to earn a spot on Forbes magazine's list of the 400 richest Americans.
      AP, AFP; Source: Forbes magazine, AP  -  618 words
    • 796 13 -NYT STOCK EXCHANGE DEALS But a concerned Bush administration vows to closely scrutinise the deal [WASHINGTON] As the Bush administration vowed to vigorously review for national security concerns a proposed investment in the Nasdaq Stock Market by a Dubai-controlled exchange, several
      -NYT  -  796 words
    • 519 13 Reuters [NEW YORK] The agreement between Nasdaq Stock Market and Borse Dubai to buy stakes in one another to create a group of exchanges linking the United States, Europe, the Middle East and Asia may be a sign of things to
      Reuters; FILE PHOTO  -  519 words
    • 407 13 Reuters [NEW YORK] Nasdaq's deal with Borse Dubai to buy Nordic bourse operator OMX and enter the Middle East and Asia will take its competition with the New York Stock Exchange one notch higher. The two largest US stock exchanges the Big
      Reuters  -  407 words
    • 453 13 [NEW YORK] A series of recent accounting rules that gave a lift to investment bank earnings in the third quarter could be a drag on future profits, experts said. The rules allow companies to record the value of some bonds they
      453 words
    • 273 13 Bloomberg The company will use the money to fund investments [NEW YORK] Buyout firm Carlyle Group plans to sell a stake to the government of Abu Dhabi for US$l.35 billion as it considers an initial public offering (IPO). Mubadala Development, an
      – Bloomberg  -  273 words

  • CLIPPER ROUND THE WORLD RACE
    • 1065 14  -  VINCENT WEE The crew did admirably in coping with adverse conditions and overcoming problems By in La Rochelle, France THE first race of the Clipper 07/08 Round the World Yacht Race was a perfect example of the contrasts of open sea racing. The rough,
      VINCENT WEE; ONEDITION  -  1,065 words
    • 517 14  -  VINCENT WEE By LONG-time Keppelite Hizam Haiyon has Keppel's serious involvement in the Clipper Round the World Yacht Race to thank for his being able to take part in the race. The participation of two other Keppelites in the previous edition of the
      517 words
  • Page 14 Advertisements
    • 77 14 This series on Uniquely Singapore's adventures in the Clipper 07-08 Round the World Yacht Race is brought to you by ■^••I'Mi THE BUSINESS TIMES Business Times journalist Vincent Wee, who navigated around the world in the Uniquely Singapore Clipper boat in the 2005-2006 race, is taking part in the first
      77 words

  • MOTORING
    • Article, Illustration
      824 15 Mini's trendy new lifestyle model, the Clubman, lets a grown person sit normally in the back despite its quirky design, says SAMUEL EE MINI has reinvented the five-door hatchback- only it's not really a hatchback and the five doors are not exactly where you would expect them to
      824 words
    • 290 15 BEYOND the Clubdoor on the right side of the car and the double doors for the tailgate, the Mini Clubman also debuts with brand new features not yet found on the standard Mini three-door hatch. One of them is the Auto Start Stop feature to
      290 words
    • Article, Illustration
      391 15 Need to transport an extended family but don't want to settle for something predictable? SAMUEL EE looks at two seven-seat crossovers found only at a parallel importer "THE first thing that strikes you about the Honda Crossroad is how much it looks like a mini Hummer. But unlike
      391 words
    • 304 15 IF the Toyota Vanguard looks vaguely familiar, it is because you have already seen it on Singapore roads as the Toyota RAV4. Like the Honda Crossroad, the Vanguard is a domestic Japanese model and mechanically identical to the long-wheelbase RAV4 being offered by authorised Toyota distributor Borneo Motors.
      304 words

  • GOLF
    • 1181 16 Focusing on the training for young golfers, JUSTINE MOSS lists the programmes to develop their skills and the achievements of some student golfers TO BECOME proficient at any sport, especially when you have an eye to eventually turn professional, it's ideal to start when you're still very
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  • Page 16 Advertisements
    • 964 16 Wine&dine with weekendßT Ah Hoi's Kitchen Imperial Herbal Restaurant mooncake collection from Pan Pacific Singapore. Eight Mezeßar Poolside, (above Tanglin Mall), Traders Hotel, Vivo City #03-08, Tel: 6337 0491 petlt snowsk' n mooncakes prepared by the hotel s m orchard Road Meritus Mandarin Singapore, mi 011 La a executive and
      964 words

  • WELLNESS
    • 964 17 Exercise does a world of good for children with asthma, writes MELISSA HENG, who also reports on new treatments available THERE'S nothing to stop children with asthma from leading normal, full lives, according to Professor Hugo Van Bever, a senior consultant at the Department of
      964 words
    • 853 17 More sports events are being organised just for women, reports CHEAH UI-HOON WOMEN who have seriously sports-minded husbands or boyfriends need no longer just stand on the sidelines, holding out that banana or fresh pair of socks for their other halves when they're participating
      REUTERS  -  853 words
    • 454 17  -  CHEAH UI-HOON By IF you're a baby boomer who has been getting excited over news of presbyopic lasik, don't chuck away your reading glasses yet. That's because trying to perform lasik to correct presbyopia in the ageing eye is like chasing a
      FILE PHOTO  -  454 words
  • Page 17 Miscellaneous
    • 363 17 CRYPTIC CROSSWORD 4 Side path turning into Port- BJ BJ BBBBBJ BJ BJ BJ smouth's main road (8) 9 9 Strongly disapprove of what __^J__^J__^^™——^J——^_ a model will do after work? BJ BJ 111I 11 I Bfl BB Bfl burns quickly (8) Bfl^^Bß BB BB^^BB BB 12 Sent back manufactured
      363 words

  • SHOPPING
    • 1035 18 Piano-maker Steinway Sons partners Lyngdorf to create a system that shows digital audio's coming of age, CHRISTOPHER LIM reports YOU don't have to play the piano or be a music aficionado to know the brand Steinway Sons. The piano company has been in business
      1,035 words
    • 631 18  - Bang Olufsen hot on customisation CHRISTOPHER LIM By THE high-end audio market is pretty crowded these days, but Bang Olufsen (B&O) has managed to do more than just hold its place it has actually expanded its niche. There used to be a huge gulf between true audiophile systems and user-friendly
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    • 781 18 There were also plenty of designs suited for Singapore's hot weather, reports MELISSA LWEE from London ALTHOUGH London Fashion Week has traditionally been known as the little sister of the bigger shows in Paris and Milan, the past week's showcase of Britain's
      i REUTERS  -  781 words

  • PERSONAL SPACE
    • 1059 19 Charms of a black-and-white After cramped Hong Kong, the huge semi-D they're in now is a godsend for this couple, their children and pets, writes GEOFFREY EU IT took a while before warming up to the idea but now, after seven years of living in a black-and-white house, Eric Chan
      PHOTOS BY ARTHUR LEI  -  1,059 words

  • The Business Times I I weekend
    • 1372 20 F&B consultants are not only taking local fare overseas but also introducing the whole restaurant and dining concept, reports CHEAH UI-HOON SINGAPOREANS who travel overseas to Macau, Japan and Russia specifically and suddenly feel like they want some Singaporean food, might now be able to order
      1,372 words
    • 688 20  -  JAIME EE By IF the rising cost of meat is putting a dampener on your regular weekend roast or barbecue parties, there is a cheaper option which not many purists would have given a second thought to frozen meat. While prime-grade
      688 words
    • 548 20  -  WEI-TZE SAM By HOTELS this year are raising the stakes in the competitive mooncake market, creating lavish designs for their boxes to attract more customers. Taking at times between six and nine months to work through the planning and design, the boxes are often delightful creations
      548 words
  • Page 20 Miscellaneous