The Business Times, 1 December 2007

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Microfilm: NL28595
Total Pages: 22
1 22 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 202/12/2006 December 1-2,2007 online at http://business-times.asial .com.sg
    25 words
  • Article, Illustration
    Lock icon Golfing circuit abuzz with merger talk
    767 1  -  YEN SREENIVASAN Value enhancement considerable if the Raffles and Jurong country clubs take a swing at it By [SINGAPORE] The specs of this "super" golf club are impressive. Spread over two locations, it will boast 54 holes, night golfing, a 300-room hotel, and a
    (BT  -  767 words
  • Article, Illustration
    Lock icon Plying the Capella resort – ultra-luxury on wheels
    515 1  - Plying the Capella resort ultra-luxury on wheels SAMUEL EE The hotel will be the first in Spore to have the Phantoms [SINGAPORE] The ultra-lux-ury Capella Singapore resort on Sentosa will have two ultra-luxury limousines to provide a bespoke chauffeur service to its wellheeled guests when it opens later next year.
    515 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
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  • TOP STORIES
    • Article
      Lock icon Refiner to build 550m euro S'pore biodiesel plant
      463 2  -  MATTHEW PHAN Finnish facility with capacity of 800,000 tonnes a year set to be world's largest [SINGAPORE] Finland-list-ed refiner Neste Oil is building a palm oil-based biodiesel plant in Singapore at a cost of 550 million euros (551.17 billion), it said yesterday.
      463 words
    • Article, Illustration
      Lock icon October property loan growth hits 8-year high
      667 2  -  CONRAD TAN Bank lending to sector reaches $105.7b, up 18% [SINGAPORE] Bank lending to the property sector continued to accelerate in October, growing at the fastest annual pace in eight years, according to new data from the Singapore central bank yesterday. Overall loans
      FILE PHOTO  -  667 words
    • MARKETS DIGEST
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.00 INDONESIA 15.527 TAIWAN 6.156 JAPAN 1.875 KOREA 9.33 BRITAIN 5.75 US 7.50 CANADA 6.25 SWITZERLAND 3.99 INDIA 12.75 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon MARKETS
        46 2 Friday Change 1,396.98 +22.66 KLCOMP NIKKEI 225 15,680.67 +166.93 HANG SENG 28,643.61 +161.07 SET INDEX 846.44 +1.64 JAKARTA COMP 2,688.33 -11.48 MANILA COMP closed SEOUL COMP 1,906.00 +28.44 SHENZHEN B 690.91 +26.25 MUMBAI IND 19,363.19 +359.93 11.45AM EDT Change 13,432.77 +121.04 DOW NASDAQ 2,680.40 +12.27
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      • Article
        Lock icon FOREX
        42 2 US$ S$ US$ (S$ per US$) 1.446 (USS/SS per 2.065 2.986 EURO(US$/S$/E) 1.475 2.132 YEN 110.20 76.20 RM 3.360 2.323 HK$ 7.788 5.385 BAHT 33.84 23.40 RUPIAH 9,375 6,482 RENMINBI 7.387 5.108 INDIAN RUPEE 39.66 27.42 1.127 0.780 NZI 1.295 0.895
        42 words
    • Article, Illustration
      Lock icon A BT journalist remembers
      664 2  -  CONRAD RAJ SIM KEE BOON By IT was quite an invitation to lunch. It started with a phone call that rudely woke me one early Saturday morning a long time ago. At the other end of the line was Keppel group's public relations head Wang Look
      664 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Market to stay volatile in weeks ahead: OCBC
        73 2 INVESTORS feeling giddy over the recent market swings may have to face another six to ten weeks of market volatility, till the actual impact of the US sub-prime fallout becomes clearer. But in the medium to longer term, domestic and regional fundamentals
        73 words
      • Article
        Lock icon STX bags 245b won shipbuilding job
        69 2 STX Shipbuilding Co, the world's fifth-largest yard, received a contract from the Middle East to build four chemical tankers for 245 billion won (*****.7 million), almost meeting its order target for this year. The 75,000-deadweight-ton, mid-size vessels will be delivered by June 30, 2011,
        69 words
      • Article
        Lock icon Straits Trading makes director new chairman
        55 2 STRAITS Trading has appointed Bobby Chin non-executive chairman, effective Jan 1. He will concurrently be chairman of the executive committee and member of the nominating committee. Mr Chin has been an independent director of the company since November 2005 and sits on the audit
        55 words
      • Article
        Lock icon Green living plans win design contest for Marina South
        59 2 A LOW-RISE eco-village, canal streets, a coastal shopping promenade and terraced communal green roofs coupled with dramatic views and contrasting skylines. This is the living environment suggested by the winning entrants in a Urban Development Authority competition to get ideas on
        59 words
      • Article
        Lock icon Singapore Airshow 2008 draws over 500 firms
        65 2 MORE than 500 companies representing some 800 subsidiaries, principals and agents in commercial, military, general aviation and space sectors from 34 countries have booked exhibition space at the inaugural Singapore Airshow 2008. And final preparations for Asia's largest-ever 3 aerospace trade event, to
        65 words
      • Article
        Lock icon Sime Darby soars 24% on re-listing
        49 2 SIME Darby's re-listing on the Kuala Lumpur stock exchange yesterday took off with a bang, as the shares closed 24 per cent higher at RMII. Sime instantly became Malaysia's largest corporation, with a market capitalisation of RM66 billion (5528.4 billion). MALAYSIA/INDONESIA, PAGE 12
        49 words
      • Article
        Lock icon India's growth slips to 8.9% in Q2
        64 2 INDIA'S economy grew last quarter at the slowest pace since 2006, signalling that the central bank may soon end three years of inflation-fighting rate increases. Asia's third-largest economy expanded 8.9 per cent in the three months to Sept 30 from a year earlier
        64 words
      • Article
        Lock icon Japan October inflation bucks downtrend
        71 2 JAPAN received more positive economic news yesterday when it was reported that consumer prices rose for the first time in 10 months during October, while household spending rose by 0.6 per cent during the same month. This came on the heels of data this week
        71 words
      • Article
        Lock icon Fed must judge 'renewed turbulence' in markets
        67 2 FEDERAL Reserve chairman Ben S Bernanke said that policymakers must decide whether "renewed turbulence" in markets has shifted the risks between growth and inflation when they meet next month. The outlook has been "importantly affected over the past month by renewed turbulence in
        67 words
    • Article
      Lock icon Temasek's China sales seen as prelude to US, European buys
      310 2 [HONG KONG] Temasek Holdings may be selling shares in Chinese companies to buy stakes in US and European financial institutions, the Hong Kong Economic Times reported yesterday, citing unidentified people. Temasek has recently held discussions with US and European financial
      310 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      54 2 to the preview of Distg, Brand new Paterson Road 35 Freehold units 82 9 sqft-2i s3 sqft 2rm 3rm Penthses s i r Foreigners eligible Walking distance to 1 tfIMP Orchard Road, MRT I Near prestigious schools amenities By appointment only. To RSVP, please call BKristyTan AnthonyChua Wee Ping *****008
      54 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Grooming business leaders of the world
      1558 3 Frank Brown, dean of Insead, tells CHUANG PECK MING how the international business school promotes diversity and multicultural perspectives AS she shows you into the room to meet the new business school dean, the public relations executive gently reminds you that Insead is not
      YEN MENG JIIN  -  1,558 words
    • Article
      Lock icon A who's who of illustrious alumni
      330 3 ALAN Chan, chief executive officer of Singapore Press Holdings, the parent company of this newspaper, is an alumnus. So is Helen Alexander, CEO of The Economist Group. The illustrious list of Insead alumni is not confined just to newspaper and media top executives. Indonesia's
      330 words
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      107 3 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second f~Y~\ among the world's top hotel brands in J II I the 2006 Conde Nast Traveler Business I I f~*C Travel Awards, Raffles Hotels Resorts -A. -Lv^i3 is a collection of luxury hotels
      107 words
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  • COMPANY NEWS
    • Article
      Lock icon Market to stay volatile in weeks ahead: OCBC
      610 4  -  LYNETTE KHOO Sub-prime fallout still not over; defensive stocks recommended INVESTORS feeling dizzy over the recent market swings may have to face another 6-10 weeks of market volatility, till the actual impact of the US sub-prime fallout becomes clearer. But in the
      610 words
    • Article, Illustration
      Lock icon US Fed rescues markets for third time in 10 weeks
      541 4  -  R SIVANITHY STOCKS the third time in about 10 weeks, lie US Federal Reserve under chairnan Ben Bernanke came to the res;ue of stock markets everywhere this week by dropping hints of a rate cut it its Dec 11 Open
      541 words
    • Article
      Lock icon SGX MAINBOARD
      8417 4 Transaction date: Nov 30 High Low Code Company Sale ('OOP) High ■ow Buyer Seller C'vr P/E $mil 3.5 2 5716 1st Software 22 8 3148 STelecom 34 16.5 5834 A-Sonic 104 98 6389 ABF SG Bond ETF 30 15.5 1938 AEI Corp 27 13.5 1100 AEM 42 10
      8,417 words
    • Article, Illustration
      Lock icon STX bags 245b won shipbuilding job
      244 5 Bloomberg Mid-East contract takes 2007 orders to USs9.63b [HONG KONG] STX Shipbuilding Co, the world's fifth-largest yard, received a contract from the Middle East to build four chemical tankers for 245 billion won (*****.7 million), almost meeting its order target for this year. The
      – Bloomberg; a=M-'J'^- ■ ; WMMMt J REUTERS  -  244 words
    • Article
      Lock icon UE wins $280m JTC project at Changi Business Park
      265 5 UNITED Engineers (UE) has won a new project at Changi Business Park with an estimated development cost of $280 million. The company said yesterday that its wholly owned subsidiary, United Engineers Developments Pte Ltd (UED), has been awarded the Built-to-Suit project
      265 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        62 5 VOLUME Golden Agri 251,733,000 Gen Intl 162,624,000 Chart SemiCond 60,978,000 Suntecßeit 49,021,000 China Hongxing 34,224,000 Sing Post 33,763,000 Wilmar 33,711,000 Startech 27,926,000 STXPO KWIOO 27,588,000 Goldtron W*****2 27,455,000 Clob VALUE (S) Golden Agri 450,035,130 UOB 188,885,400 DBS Grp 154,758,180 SGX 147,081,620 Wilmar 142,876,700 Gen Intl 115,600,560 Sing
        62 words
      • Article
        Lock icon RISES
        112 5 BY CENTS CLOSE UP Cosco Cor| 710 65.0 10.1 SGX 1410 60.0 4.4 JMH 2780 43.4 1.1 Kei Con 1340 40.0 3.1 Asia Pac Brew 1360 30.0 2.3 B Sembawani 1130 30.0 2.7 DBS Gr| 2010 30.0 1.5 SGX RB eCW*****8 103 30.0 41.1 UOB 1980 30.0 1.5 CIMBAsean40
        112 words
      • Article
        Lock icon FALLS
        114 5 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN Jardine C&C 2090 -90.0 -4.1 SPC 760 -40.0 -5.0 Wilmar DBeCW*****4 36 -29.5 -45.0 GLD 10US$ 7940 -28.9 -0.3 ire Land 790 -25.0 -3.1 YHS 221 -25.0 -10.2 Great Eastern 1700 -20.0 -1.2 GuocoLand Ltd
        114 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      84 5 Up Down Unch 9 6 3 Up Down Unch OOP Up Down Unch 9 6 3 Multi Ind Manufacture 76 69 63 12 11 16 88 80 79 Commerce 22 20 29 27 26 )t/Stor/Comms 23 26 Finance 19 J9^ lonstruction Pro] 24 JO^ 24 Hotels/Rsts iervices
      84 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      128 5 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 27.495 27.495 159.992 159.992 Manu facturing 344.681 75.915 420.596 517.907 10.886 528.793 Commerce 56.060 7.071 63.131 91.644 1.697 93.340 Tpt/Stor/Comms 166.696 1.329 168.025 448.870 546 449.416 Finance 51.365 60 51.425 582.104 14 582.118 Construction 47.587
      128 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      224 5 Stock name «V1 Close Chani Allgreen 0.48 1.610 +0.010 Ascendasreit 0.83 2.330 +0.070 CapitaComm 0.45 2.250 -0.030 Capita Land 4.46 7.000 +0.050 Capita Mall 0.88 3.220 +0.020 Chart SemiCond 0.52 0.985 -0.075 CityDev 2.70 14.400 +0.100 ComfortDelGro 1.31 1.910 +0.010 Cosco Corp 2.29 7.100 +0.650 Creative
      224 words
    • Article
      Lock icon BONDs & WARRANTS
      2557 5 BONDs WARRANTS Tel Code Comi Last Sale +orPrem Expiry Vol Conv Exer Disc Gear- Mths C000) Ratio Price ing Left >arr 8798 AscendasREITSGAECW*****3 15.5 4.5 1200 9092 Asia Environment W*****4 40 3 300 4105 #Asiatravel W*****7 46 3.5 30 1436 AusGroup MBL ECW*****4 13 0.5 30 1851 AusGroup MER ECW*****8
      2,557 words
    • Article
      Lock icon SGX SESDAQ
      2295 5 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
      2,295 words
    • Article
      Lock icon SGX XTRANET
      81 5 52-Wk Tel High Low Code Last Sale Vol C000) Day Last Quote Div GrYld Net MCap ih Low Buyer Seller C'vr P/E $mil Comi ran' Hii 119 119 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 *****
      81 words
    • Article
      Lock icon CLOB INTERNATIONAL
      82 5 52-Wk Tel High Low Code Last Sale Vol C000) Day Last Quote ih Low Buyer Seller Div GrVkl Net MCap C'vr P/E $mil Com] ram Hii 141 104 6000 AVJennings 21.5 5 6134 Over&Gen 64 18.5 6017 StarCruises 320 179 6019 TanChonglnt A112 A18.5 IS32 IIK260 -1 +4.5
      82 words
    • Article
      Lock icon Straits Trading makes director new chairman
      424 7  -  VINCENT WEE Bobby Chin takes over on Jan 1 from Tang I-Fang; Gerard Ec joins board STRAITS Trading has appointed Bobby Chin non-ex-ecutive chairman, effective Jan 1. He will concurrently be chairman of the executive committee and member of the nominating committee. Mr Chin
      424 words
    • Article, Illustration
      Lock icon Asiatravel net profit rises 37.2% to $4.5m
      440 7 REGIONAL online hotel and travel reservation service Asiatravel.com Holdings has lifted net profit 37.2 per cent to $4.5 million for the year ended Sept 30. This improvement was on 23.3 per cent growth in revenue to $70.5 million. Earnings per share rose to
      FILE PHOTO  -  440 words
    • COMPANY BRIEFS
      • Article
        Lock icon Dayen placement to raise $8.2m
        65 7 DAYEN Environmental is placing out 22 million new shares at 38 cents each to American Orient Capital Partners (Singapore). The new shares represent about 12.9 per cent of the enlarged share capital and will raise about $8.2 million. The subscription price is an 8.5 per
        65 words
      • Article
        Lock icon Lian Beng places out 35m shares
        56 7 LIAN Beng is placing out 35 million new shares at 68 cents each. The shares represent about 7 per cent of the issued and paid-up capital of the company. The offer price is a discount of about 0.47 per cent of the weighted average
        56 words
      • Article
        Lock icon Rowsley CFO resigns
        30 7 ROWSLEY yesterday announced the resignation of chief financial officer Joel Leong with effect from Jan 15. Mr Leong is leaving to pursue personal interests, the company said.
        30 words
      • Article
        Lock icon Friven names new CEO
        38 7 FRIVEN has announced the appointment of Roy Ng as CEO with effect from today and the resignation of Esther Loh as chief executive with effect from yesterday. Ms Loh will become a non-executive director.
        38 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7871 7 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 1.045/ Star Europe Bond 1.231/ Star Europe Bal 1.25/ Star Asian Tiger Eqty 1.691/ Star Asia Bond 1.237/ Star Asia Balanced 1.078/ Star Global Technology Fund!** 0.237/ Multi St Fd 0.936/ Star Asia BondfUSD) 0.858/ Gib Multi St USD
      7,871 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      998 6  -  UMA SHANKARI Suntec Reit Nov 30 close: $1.55 BNP PARIBAS RESEARCH, Nov 29 SUNTEC Reit has tumbled 14 per cent over past month: The share price of Suntec Reit has tumbled 14 per cent since the end of October, in line with the steep correction in the Straits
      : Bloomberg  -  998 words
    • Article, Illustration
      Lock icon Wake me up when September ends
      1332 6  -  TEH HOOI LING SHOW ME THE MONEY THE month of December has been a positive one for the stock market in 17 out of the past 22 years. That's 77 per cent out of the years since 1985. The average December return is 3.3
      1,332 words
  • Page 6 Advertisements
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  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      31 7 Allianz Global Investors one of the world's largest asset managers with more Allianz (jji) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors company regn. no *****7169Z
      31 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Green living scores in design contest for homes in Marina South
      301 8  -  UMA SHANKARI URA selects 4 schemes out of 30 entries from Spore, overseas architects A LOW-RISE eco-village, canal streets, a coastal shopping promenade and terraced communal green roofs coupled with dramatic views and contrasting skylines. This is the living
      301 words
    • Article
      Lock icon Firms should look to Oman instead: IE Singapore
      419 8  -  OH BOON PING INTERNATIONALISING firms should look beyond Dubai, and scout for business opportunities in the Gulf state of Oman instead. Indeed, there is still a lot of untapped potential there, with business projects that are typically smaller in scale. This makes
      419 words
    • Article
      Lock icon Semb E&C wins $463m MRT deal
      300 8 SEMBAWANG Engineers Constructors has won a $463 million contract to build the Downtown Line's Bayfront MRT station in Marina Bay. The Land Transport Authority yesterday said it awarded the civil works contract to Sembawang E&C in a tender and the contract includes the architectural,
      300 words
    • Article
      Lock icon Design tie-up deal signed with Victoria
      186 8 SINGAPORE has signed a memorandum of understanding on establishing a design co-operation programme with Australia's State of Victoria. The first collaboration will be participation in each other's design festivals. Singapore's Ministry of Information, Communications and the Arts (MICA) and its counterpart in Victoria aim
      186 words
    • Article
      Lock icon Singapore Airshow draws over 500 companies
      348 8  -  YEN SREENIVASAN It will be Asia's biggest aerospace trade event ever MORE than 500 companies representing some 800 subsidiaries, principals and agents in commercial, military, general aviation and space sectors from 34 countries have booked exhibition space at the inaugural Singapore Airshow 2008. And
      348 words
    • Article
      Lock icon Strong holiday shopping expected
      278 8  -  LYNETTE KHOO THE stock market volatility might have dampened investment sentiment, but it is unlikely to have hurt the mood for holiday shopping as Christmas approaches, a survey shows. To gain insights into the holiday spending trends in Singapore, MasterCard Worldwide recently commissioned a survey on
      278 words
    • Article, Illustration
      Lock icon Whose line is it anyway?
      185 8  -  YEN MENG JIIN KNOWN for his signature style of creating highly unique artworks using a single continuous line with no breaks or overlap, Singaporean artist Joshua Yang will confine himself to his Marina Mandarin art studio for a continuous 48-hour period following his first and
      YEN MENG JIIN  -  185 words
    • Article
      Lock icon Ex-NKF director Matilda Chua fined $10,000
      235 8 FORMER National Kidney Foundation (NKF) board member Matilda Chua was fined $10,000 yesterday after being found guilty of falsifying accounts in her company. Chua was charged last year along with two others after investigations into a 2001 share-rigging scam which is unrelated to the
      235 words
  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      22 8 S 50 rooms (approved for 56rooms) S Site Area 4,3625qft S Built-in-11,3675qft •S Lucrative returns Co-broke welcome Call Charleen *****410 *****303 koh.charleen@gmail.com
      22 words
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  • FOCUS: ENVIRONMENT
    • Article, Illustration
      Lock icon On the table in Bali
      912 9 Delegates will ride bicycles to meetings but more substantial action is needed, writes MATTHEW PHAN COME Monday, world leaders will meet in Bali until Dec 14 to discuss the future of the planet. Delegates will ride to meetings on bicycles, as befits the theme of
      912 words
    • Article
      Lock icon Papering over the cracks in carbon credit
      510 9  -  MATTHEW PHAN THAI pulp and paper company Advance Agro owns no plantations, yet uses 18 million to 20 million trees a year, providing enough pulp for its mill, which has a 600,000-tonne capacity. Through an arrangement with farmers in a fertile area with
      510 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      670 9 r Singapore I Writers o I FpQtlA/^li SINGAPORE WRITERS FESTIVAL 1001 presets 1, www.singaporewntersfestival.com Singapore Writers Festival 2007 opens at The Arts House today! Celebrating the intersecting of I "i *^ct disciplines, cultures, traditions and languages in the literary arts, this year's festival will embrace an a n k electrifying
      670 words
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  • ENTERPRISE 50
    • Article, Illustration
      Lock icon A night to remember
      674 10 ALL roads lead to Rome, goes the common saying. And for 50 privately held companies, spanning a spectrum of sectors, their push for success has won for them the Enterpriseso award. For some, it was their zeal in moving up value chains; for others, it was
      JOHN HENG and ARTHUR LEE  -  674 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Sime soars 24% on re-listing
      529 12  -  S JAYASANKARAN It is largest M'sian corporation with a market cap of RM66b SIME Darby's re-listing on the Kuala Lumpur stock exchange yesterday came with a bang, as the shares closed 24 per cent higher at RMII. Sime instantly became Malaysia's largest corporation, with a
      AFP  -  529 words
    • Article
      Lock icon Indosat signs US$22B.5m satellite deal with HSBC
      317 12 Reuters [JAKARTA] Indonesia's second-largest mobile phone company, PT Indosat Tbk, has signed a U*****.5 million financing agreement with HSBC to acquire a new satellite. The Palapa-D satellite will replace Pala-pa-C2 which will come to the end of its service in the first quarter
      Reuters  -  317 words
    • Article
      Lock icon WCTE makes takeover bid for its property unit
      462 12  -  PAULINE NG RM503.6m offer for remaining 118.4 m shares in WCT Land MALAYSIA'S civil engineering and construction firm WCT Engineering (WCTE) has made a voluntary takeover offer for the remaining 118.4 million shares of its 64.83 per cent property subsidiary WCT Land
      462 words
    • Article
      Lock icon BURSA MALAYSIA
      2340 12 VOL Cooo) Iov30 RM S.&M Realty 0.97 5,bricBhd 0.27 \dvance Synergy 0.29 \dventa Bhd 1.48 \eMulti Hldgs 0.28 \ffin Holdings 2.59 \hmad Zaki Resou 5.65 \ic Corp 0.63 \irasia Bhd 1.84 \kn Messaging Te 0.17 \kn Technology 0.63 \lliance Financi 2.98 \luminium Co 1.23 \malgamated Ind 0.51 \minvestment
      2,340 words
    • Article, Illustration
      Lock icon Malaysian Air raises profit goal for 2008
      586 12 O Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd, the nation's largest carrier, said it will beat its earnings forecast of RMSOO million (*****.9 million) for 2008 after it agreed to buy fuel at below market rates and cut operating costs. The airline will
      O Bloomberg; BLOOMBERG  -  586 words
    • Article
      Lock icon Jakarta to take 43t rupiah of loans
      241 12 Reuters [JAKARTA] Indonesia expects to take up a total of 43 trillion rupiah (556.6 billion) of loans from the World Bank and other international agencies to help plug the Budget deficit, according to finance ministry data. Planning Minister Paskah Suzetta said that 23.9
      Reuters  -  241 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon India's growth slips to 8.9% in Q2
      611 13 Bloomberg Central bank may end 3 years of interest rate hikes on slowdown in expansion [NEW DELHI] India's economy grew last quarter at the slowest pace since 2006, signalling the central bank may soon end three years of inflation-fight-ing rate increases. Asia's third-largest
      Bloomberg  -  611 words
    • Article, Illustration
      Lock icon Christie's raises HK$2.lb in 5-day artwork auction
      624 13 Bloomberg [HONG KONG] Cai Guoqiang's set of 14 drawings, a Ming Dynasty jar and a painting by Paris-based veteran Zao Wou-ki sold for records in Hong Kong as Christie's International raised HK$2.l billion (*****.9 million) in a five-day sale. Bidders were more discerning
      – Bloomberg; REUTERS, BLOOMBERG  -  624 words
    • Article
      Lock icon India may launch futures by March
      144 13 Reuters [MUMBAI] India's central bank may allow foreigners to trade in currency futures when it launches them and allow contracts other than dollar-rupee to be traded, the Mint newspaper reported yesterday, citing a senior government official. The paper said the government official, who was
      Reuters  -  144 words
    • Article
      Lock icon Mittal may raise stake in China Oriental
      185 13 Reuters [VITORIA, Brazil] Lakshmi Mittal, chief executive of the world's largest steelmaker ArcelorMittal, said on Thursday that talks are underway to buy a 43 per cent stake in China Oriental Group Co Ltd. Mr Mittal said Oriental's two controlling shareholders have been fighting
      – Reuters  -  185 words
    • Article
      Lock icon China to eliminate banned trade subsidies
      459 13 AFP China's surplus with the US ballooned to USs23.Bb in Sept [WASHINGTON] The United States announced on Thursday that China has agreed to eliminate a dozen WTO-banned subsidies that have given Chinese exports a broad, unfair trade advantage. US Trade Representative Susan Schwab said
      AFP  -  459 words
    • Article, Illustration
      Lock icon Shanghai tycoon gets 16 years' jail for bribery
      351 13 -AP [SHANGHAI] A Shanghai real estate tycoon, who was once one of China's richest men, was sentenced yesterday to 16 years in prison following a trial for bribery, tax receipt forgery and embezzlement, state media reported. Zhou Zhengyi was arrested in October
      -AP  -  351 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US consumer spending up 0.2% in Oct
      551 14 AP, Reuters, Bloomberg For 2008, the White House also expects real GDP growth of 2.7 per cent [WASHINGTON] Battered by a slumping housing market and a credit crunch, US personal spending edged up 0.2 per cent in October, the smallest amount in four
      AP, Reuters, Bloomberg  -  551 words
    • Article, Illustration
      Lock icon Singapore Clipper advances on wind change
      305 14 Vincent Wee THE high-pressure area with light winds that was predicted to hit the Liverpool did, in fact, come through and adversely affected their position. They've dropped from fourth all the way down to eigth making barely 13 miles in 12 hours. Others including
      Vincent Wee; Photo: ONEDITION  -  305 words
    • Article
      Lock icon Oil price falls below US$90
      346 14 ■AFP [LONDON] The price of oil feU back below US$9O yesterday as the market speculated about the chances of an increase in Opec output at the cartel's meeting next week, dealers said. They said prices also fell after it appeared more likely that an explosion
      ■AFP  -  346 words
    • Article
      Lock icon Japan October inflation bucks downtrend
      423 14  -  ANTHONY ROWLEY Markets cheered by other positive news but small, mid-size firms still hurting JAPAN received more positive economic news yesterday when it was reported that consumer prices rose for the first time in 10 months during October, while household spending rose by 0.6 per
      423 words
    • Article
      Lock icon More than 150 MNCs urge pact on climate change
      280 14 Bloomberg [LONDON] More than 150 companies, including Coca-Cola, Nike and Tesco, have called world leaders to reach an agreement on cutting emissions of greenhouse gases and give businesses "certainty" to invest in clean technology. "A sufficiently ambitious, international and comprehensive legally-binding
      Bloomberg  -  280 words
    • Article, Illustration
      Lock icon Luxury labels discover that green is the new black
      475 14 AFP [PARIS] Fair-trade and green-friendly goods are becoming increasingly popular with lovers of luxury, with distinctive products as much as politics driving demand, according to French fashion and consumer experts. "People are not buying fair trade to help the planet," said
      AFP; P X SURESH  -  475 words
    • Article
      Lock icon Revaluation won't cure inflation in Gulf states: HSBC
      456 14 Bloomberg [DUBAI] Gulf Arab states may fail to keep consumer prices in check by revaluing their currencies against the US dollar, according to strategists at HSBC Holdings and Citigroup. Saudi Arabia, the United Arab Emirates and other members of the Gulf Cooperation
      Bloomberg  -  456 words
    • Article
      Lock icon Barclays Cap Japan faces penalty from regulators
      137 14 Bloomberg [TOKYO] Barclays' brokerage arm in Japan faces a regulatory penalty after violating financial rules, the Securities and Exchange Surveillance Commission said. The commission recommended the Financial Services Agency take disciplinary action after the head of credit trading at Barclays Capital Japan purchased
      Bloomberg  -  137 words
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  • WORLD
    • Article, Illustration
      Lock icon Wall Street's top woman exec leaves Morgan Stanley
      578 15 Reuters Zoe Cruz retires after bank revealed USs3.7b of losses from sub-prime trades [NEW YORK] Zoe Cruz was regarded as perhaps the most powerful woman executive on Wall Street, and one of the most powerful in Corporate America. Her future isn't quite
      Reuters  -  578 words
    • Article
      Lock icon Fed must judge 'renewed turbulence' in markets
      478 15 -Bloomberg Bernanke says policymakers must decide if risks have shifted [WASHINGTON] Federal Reserve chairman Ben S Bernanke said policymakers must decide whether "renewed turbulence" in markets has shifted the risks between growth and inflation when they meet next month. The outlook has been
      -Bloomberg  -  478 words
    • Article
      Lock icon UK maid industry seen to be worth £3.4b
      190 15 Reuters [LONDON] Pressed Britons would be willing to spend £3.4 billion (5510.17 billion) a year on hired help because they are too busy to do the chores, according to a study. Four in five people want to hire extra help for tasks
      – Reuters  -  190 words
    • Article, Illustration
      Lock icon WINTER CASTS A COLD SPELL OVER EUROPE
      67 15 I AP [GERMANY] A snow covered model of Santa Claus looks with one eye after heavy snowfall in the Thuringian Forest in Neuhaus am Rennweg here, on Tuesday, Nov 27. The winter weather with temperatures around the freezing point will continue, according to
      I AP  -  67 words
    • Article
      Lock icon US banks may agree to freeze sub-prime rates
      563 15 Reuters, Bloomberg Treasury, mortgage firms ironing out plan, say sources [NEW YORK] The Bush administration is close to agreeing on a pact with major financial institutions that would temporarily freeze interest rates on certain sub-prime loans, the Wall Street Journal reported yesterday,
      – Reuters, Bloomberg  -  563 words
    • Article
      Lock icon 'Snooty' bankers blamed for credit crisis
      183 15 -AFP [LONDON] "Snooty" bankers and financiers who thought themselves infallible were largely to blame for the worldwide credit crunch, the German Finance Minister said in an interview published yesterday. Speaking to the Financial Times in Berlin, Peer Steinbrueck also said that regulatory reform was
      -AFP  -  183 words
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  • MOTORING
    • Article, Illustration
      Lock icon The need for extreme speed
      836 16 The benefits to Sing Tel of being co-branded with next year's Fl race are seen to be immense, reports SAMUEL EE ASK Sherie Ng why she is so excited about next year's inaugural Formula One race and the Sing Tel director of brand experience will
      ARTHUR LEI  -  836 words
    • Article, Illustration
      Lock icon Maximum driving pleasure
      745 16  -  SAMUEL EE IT is difficult to get excited about an MPV unless you're a soccer mom with lots of kids and driving around to do. A spacious cabin and a commanding driving position really do help to enhance the commute for anyone who has to negotiate peak
      745 words
    • Article, Illustration
      Lock icon A bright new beginning for Ford
      353 16  -  SAMUEL EE THE two new Ford models the Mondeo and the S-Max represent the rebirth of Ford, executives from the US carmaker declared at their Singapore launch several days ago. It is easy to see why. Compared with the dynamic duo, the models before
      353 words
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  • GOLF
    • Article, Illustration
      Lock icon Come out swinging
      1291 17 The LPG technique helps players develop a repeatable motion that allows them to hit balls farther and straighter, reports JUSTINE MOSS MAKING adjustments to a golf swing is something many professional and amateur players like to do, whether it's to hit the ball farther and straighter, remedy
      1,291 words
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      994 17 Wine&dine with weekendßT Ah Hoi's Kitchen Two Temasek Boulevard, Tel: 6432 7481 Rumpoles Bar rendition of seasonal flavours. Savour the three-course Poolside, Level 4 (above Tanglin Mall), Traders Hotel, Experience a world of palatable pleasures from the Level 2, Traders Hotel, Singapore Tel: 6831 4326 autumn set lunch at $38++
      994 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Sunny days ahead
      849 18 New ingredients for extra protection are being added to sunscreens, reports CHEAH UI-HOON THE only "natural" protection against aging skin is regular, consistent use of sunscreen, skin experts say. When it comes to the sun, prevention is the best cure. "Sun exposure has been always regarded to
      849 words
    • Article, Illustration
      Lock icon Coffee-break treatment to light up your face
      576 18  -  CHEAH UI-HOON A LASER light treatment that doesn't hurt? Unlikely, you might think, if you have been through sessions of Intense Pulsed Light (IPL) treatment before. But with technology leapfrogging ahead in the cosmetic treatment sector, sooner or later a new machine was
      576 words
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      304 18 CRYPTIC CROSSWORD I ACROSS 4 Threatened, but received 7 Meetings bore James unfor- support (5,2) tunately (9) 5 Railway union? (8) 8 Menagerie's conveniences, 6 To skip clues may help when say, for Africans? (5) things go flat (4,5) 10 Fast plane is not re-ordered 9 Nail evil outside right
      304 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Fashion eyewear gets new look
      379 19  -  CHRISTOPHER LIM LASIK has become incredibly popular and new contact lenses are still being launched on the market, but you'll still need a pair of sunglasses to protect you from glare and ultraviolet light. For many people there's still no substitute for a chic pair
      379 words
    • Article, Illustration
      Lock icon Kindle the spirit of Christmas with candles
      1631 19 Evoke the season's mood and ambience by lighting up your home and hearth or making gifts of aromatic lights from luxury brands, writes CHEAH UI-HOON BEYOND what you can inhale from the leather of that new Balenciaga bag or the interior of a
      1,631 words
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  • PERSONAL SPACE
    • Article, Illustration
      Lock icon Minimalist elegance
      1236 20 The house that Ganesh Ayyar and his wife, Jayashree, built is personalised with just enough detailing, whether it is the carefully placed antique carving or contemporary painting, reports PARVATHI NAYAR #ANESH told me, if you want to build that 'dream' home, let's do it now, and let's enjoy
      YEN MENG JIIN  -  1,236 words
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  • THE Business Times
    • FOOD
      • Article, Illustration
        Lock icon Dining off the beaten path
        2833 22  -  La Noce Diners are demanding more culinary bang for their buck and it's not just the food that needs to be special anymore. Driven away by skyrocketing rents and intense competition, more and more restaurateurs are looking beyond in some cases, way beyond the Orchard
        YEN MENG JIIN; I 1 ARTHUR LEE; YEN MENG JIIN r» I I- . /"■/- _-*• /"■. j. ... J  -  2,833 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      219 22 Punj Lloyd Sembawang Simon Carves C^gJ Sembawang A PUNJ LLOYD COMPANY I m '^iMifcbiJtfli TinK --^^HWIv /ZcfßiMMEimzsatk^., «S3eSS*S>>k. I w^A I I i jf«v— -.-91 S^s'mv fi^Mßiv v^wVVtlßaUi,' M /HW^ty^E^H BpH v MA I I-^ H^^S^nt i[ iitbHS^mmW I /^3Bp*nK E^^^h 3 r meXj^-aY I Lja^RMM H.i&; jjl M'SBflh'm "'-'ffß^1
      219 words
  • Page 22 Miscellaneous