The Business Times, 16 March 2006

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Total Pages: 32
1 32 The Business Times

  • TOP STORIES
    • 600 2  -  CAO COURT CASE Court packed to the hilt with reporters, family and friends, as well as CAO and embassy officials By MICHELLE QUAH [SINGAPORE] In one of the most closely watched corporate cases in a decade, the former chief executive of China Aviation
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    • 139 2 Dsn 2,498.02 (-8.68) ST INDEX FUTURES 2,500.00 (-6.00) SIMSCI ***** (-0.18) SIMSCI FUTURES 296.60 (-0.40) MARKETS Wednesday Change KLSE COMP 924.24 -0.13 NIKKEI 225 16,319.04 +80.68 HANG SENG 15,720.36 +200.60 SET INDEX 741.21 +2.58 JAKARTA COMP 1,244.44 -0.94 MAW HA COMP 2.127.91 +6.92 SEOUL COMP 1,333.98 +7.68 SHENZHEN
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    • 742 2 By OUR CORRESPONDENT in Bangkok THAI Prime Minister Thaksin Shinawatra hinted yesterday that he was considering stepping aside and nominating a deputy to lead the country, even as the chief adviser to Thailand's revered King Bhumibol Adulyadej urged all parties to
      REUTERS  -  742 words
    • 490 2 Stick with us for the IRit's less risky: MGM chief MGM Mirage chief Terrence Lanni believes that his company and its joint venture partner Capita Land, bidding for the Marina Bay integrated resort, would prove the least risky among the four contenders, owing to the depth of its
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    • 30 2 IN the report, "S'porean elected to US academy" (BT, March 1), the executive director of A-Star Bioprocessing Technology Institute is Miranda Yap and not Miranda Yeo. We are sorry
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    • 638 3  - Stick with us for the IR it's less risky: MGM chief He also points to company's prowess in attracting tourists By ALEXANDRA HO [SINGAPORE] Any of the four contenders for the Marina Bay integrated resort (IR) would do a good job upon winning but MGM Mirage's chief Terrence Lanni believes
      YEN MENG JIIN  -  638 words
    • 503 3  -  Reward scheme crucial to stimulating tourism and visits, it says By ARTHUR SIM in Las Vegas HARRAH'S Entertainment now has 40 million customers signed up on its customer loyalty programme called Total Rewards, and it is hoping more will join if it
      503 words
  • Page 2 Advertisements
    • 156 2 5 T 5 T R A LIA I m. I 1 Tertiary Secondary Schools Showcase 18 -19 March 2006 Suntec Singapore, Hall 401, Level 4 12 pm 6 pm Meet over 40 world-class secondary and tertiary institutions Includes Specialty studies: Hospitality, Tourism, Creative Arts and Media 1.00 -1.45 p.m Biomedical
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 702 4  -  It has shortlisted potential M&A opportunities in various sectors By NANDE KHIN IT-RELATED AEMEvertech Holdings is expecting a better first half for 2006 compared with a year ago on the back of the improved global chip sector, executive chairman Patrick Cheong tells BT. The company
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    • 609 4  -  HOCK LOCK SIEW By CONRAD RAJ WHEN the Singapore Exchange (SGX) reprimanded listed company Trek 2000 International for making selective disclosure through the media, one would have thought that was the end of the matter. A couple of weeks after the SGX reprimand,
      609 words
    • 486 5  -  Strong govt bond markets could be developed, says DBS chief By LESLIE YEE A DAY after saying in Seoul that financing was not a problem for DBS Bank in its bid for Korea Exchange Bank (KEB), CEO Jackson Tai is not
      486 words
    • 277 5  -  By OH BOON PING NERA Telecommunications yesterday reported an 8.3 per cent rise in earnings to $15.5 million and a 30 per cent growth in revenues to $260.6 million for the year ended Dec 31. Likewise, its subsidiary Nera Electronics reported
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    • 341 5  -  It will be funded through the issue of 375m MDL shares By OH BOON PING MEMORY Devices Limited (MDL), a maker of memory storage products, said yesterday it is buying Taiwan's TwinMOS, which produces memory modules, for US$96.B million. MDL, which was listed last
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    • 404 5  - Motor sales drive Tan Chong net profit up 31 By SAMUEL EE TAN Chong International's motor division has powered the automotive and property group's net profit 30.6 per cent higher to HK5444.9 million (Ss93 million) for the year ended Dec 31. Revenue for the Hong Kong-listed group rose 14.3 per
      FILE PHOTO  -  404 words
    • 441 6 It expects demand for semiconductors used in automative devices to take off Bloomberg UNITED Test and Assembly Center Ltd (Utac), Singapore's second-largest provider of chip-testing services, said it may beat its projection for first-quarter sales growth, helped by demand for chips used in consumer
      Bloomberg  -  441 words
    • 365 6 THANKS to contributions from its recently acquired 60 per cent Chinese subsidiary, Precise Media Group (PMG), speed printer Xpress Holdings was able to report a huge increase in interim profits this year compared with the previous corresponding period. For the six months ended Jan
      FILE PHOTO  -  365 words
    • 413 6  -  By OH BOON PING IN ITS initial coverage of Raffles Medical Group (RMG), investment bank JPMorgan is forecasting a share price of 85 cents a 20.6 per cent jump from yesterday's closing price of 70.5 cents. The JPMorgan analysts expect RMG's three-year revenue and earnings
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    • 302 6  -  By UMA SHANKARI PAPER and pulp company United Fiber System (Unifiber) said yesterday its wholly owned subsidiary Poh Lian Development (PLD) has begun High Court proceedings against its partners in a columbarium project. Among other things, PLD is seeking repayment of a $13.3 million
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  • Page 4 Advertisements
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    • 123 4 GLORY SHIP MANAGEMENT PTE LTD We invite suitably qualified Master Mariners or Chief Officers to apply for the following position(s): Operations Superintendent(s) (Tanker Fleet) Working experience in Tanker operations, supervision of loading/discharging, safety audit, etc., Knowledge of Charter Parties, laytime calculations and ability to independently liaise with Charterers, Agents, Terminals
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  • Page 5 Advertisements
    • 410 5 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEMBAWANG MULPHA PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****2603 C NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 5 Clementi Loop Singapore *****6, Meeting Room
      410 words
    • 66 5 Programme m Outlook on Commercial Property Sector Mr Michael Ng, Managing Director, Savills Singapore Update on Central Development at Clarke Quay Mr Ku Swee Yong, Senior Manager, Far East Organization T'S'M.s... V XL 4 -'v.- .:ll Registration is free and on first-come-first-serve basis. Seats are limited, please register with: Chantelle
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    • 220 5 g SINGAPORE THE AQUATIC CHEF FRESH FROM THE NEW POOL GRILL The Aquatic Chef: Presenting our new Executive Sous Chef, Harry Callinan, the hotel's newest import from Hunter Valley in New South Wales, Australia. Previously from the highly acclaimed 'Roberts at Pepper Tree' restaurant in Hunter Valley, Australia, Harry will
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  • SINGAPORE MARKETS
    • 526 8  -  STOCKS STI loses 2,500 level as retail players stay back, badly hit by sharp downturn in second line R SIVANITHY Senior Correspondent CHINA stocks staged an impressive comeback yesterday, led by recent listing China Milk, China Petroleum, Pine Agritech and a host of pharmaceutical counters.
      Source: Bloomberg  -  526 words
    • 1037 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Mar 14 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell '000 Shr S ('000) C000) Hotel Plaza 14-Mar-06 UOL Ltd Buy 18 na *****4 77.63 *****2 77.63 Vita HIdas 14-Mar-06
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    • Article, Illustration
      895 8  -  Compiled by UMA SHANKARI SembCorp Marine March 15 close: $2.91 CREDIT SUISSE FIRST BOSTON, March 15 LABROY Marine, a relatively small Indonesian shipyard managed from Singapore, entered the jack-up rig market with its first two newbuild orders this week. Labroy has capacity for six jack-up rigs. There was scepticism
      Source: Bloomberg  -  895 words
    • 535 8  -  CURRENCIES LARRY WEE Senior Correspondent A COMBINATION of poor US numbers and fresh warning of an imminent US interest rate peak sent the US dollar reeling across a broad front overnight. The release of a 1.3 per cent drop in
      SoJ&RMm  -  535 words

  • COMPANY NEWS
    • 304 9  -  It marks the first phase in a 185m yuan project in north-east China By MATTHEW PHAN ASIA Environment Holdings said it has signed a 110 million yuan (5522.1 million) deal, the first phase of an estimated 185 million yuan water-supply and wa-ter-treatment
      304 words
    • 187 9 TROUBLED production house Media Stream is selling its entire stake in wholly owned subsidiary Form Kidz Pte Ltd to an individual investor for $175,000 in cash. Media Stream's judicial manager announced yesterday that the company had entered into an agreement on
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    • 279 9 ROLY International Holdings, an integrated supply chain management and distribution company, yesterday reported a 68 per cent year-on-year slide in net profit to U*****,000 million for its third quarter ended Jan 31. The fall in profit attributable to shareholders was despite revenue rising
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    • COMPANY BRIEFS
      • 68 9 RFTALIFR F J Benjamin Holdings has entered into a conditional agreement with Italian high fashion brand Valentino SpA, under which Valentino will purchase F J Benjamin's 50 per cent shareholding interest in VB Fashions, a joint-venture vehicle of the two companies. Upon completion
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      • 166 9 SCANDAL-HIT mobile phone services provider Accord Customer Care Solutions (ACCS) yesterday made two clarifications on its full-year financial statements released earlier this month. The clarifications concern the nature of the "reversal of provision for impairment on retention sum payable of $3.25 million" and "reversal of invalid
        166 words
      • 78 9 AUSTRIAN manufacturer ATB Austria Antriebstechnik AG (ATB) has made a mandatory conditional cash offer for mainboard-listed electric motor maker Lindeteves-Jacoberg at an offer price of 16.58 cents a share. The offer comes after ATB exercised a call option to acquire over 75 million shares
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      • 95 9 LC Development (LCD) yesterday said that it had entered into an agreement on March 10 to sell Huntingdon House, located at South Kensington in London, to Losan Investments, for £31.5 million (SsB9 million). The sale is expected to be completed in
        95 words
      • 41 9 SING Investments Finance Ltd said yesterday that it has established a $300 million medium-term note programme, and that DBS Bank has been appointed to act as the arranger and a dealer under the programme.
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      • 50 9 SUNSHARE Investments, jointly owned by Telekom Malaysia and its state-owned parent, Khazanah Nasional, has raised its stake in Singapore's Mobile One Ltd to 29.85 per cent from 28.36 per cent. Sun Share purchased the additional stake from the open market on Tuesday.
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  • Page 9 Advertisements
    • 8 9 s\ 11 v W yf™** lllllli^ mm S
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    • 188 9 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF REGENT LIFE-STYLE PTE LTD Co. Reg. No. *****2550 C (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the final meeting of the members of the abovenamed Company will be held at
      188 words
    • 808 9 LEGAL NOTICE FROM U.S. COURT If you bought Royal Ahold N.V. stock before February 24, 2003, you could get a payment from a $1.1 billion legal settlement. A settlement has been reached in a class action lawsuit about involved in Fund A and about 40 cents per share for each
      808 words

  • SINGAPORE NEWS
    • 455 10  -  S'pore should position as innovation centre and front office By CHEN HUIFEN SINGAPORE should not worry too much about China and India becoming biomedical science hubs because there is room for many such hubs in the region, says an observer of the global
      FILE PHOTO  -  455 words
    • 456 10  -  By RONNIE LIM HIGH oil prices haven't as yet made a dent in electricity demand in Singapore. But if crude prices hovering just around US$63 a barrel hit US$7O-80, "we'll see some response", according to Roy Adair, president and CEO of Senoko Power,
      456 words
    • SINGAPORE ROUNDUP
      • 66 10 PRIME Minister Lee Hsien Loong has been invited to meet Cuban President Fidel Castro at a Non-Aligned Movement Summit in Cuba in September, according to the Prime Minister's Office. The invitation was delivered by Miguel Angel Ramirez Ramos, special envoy to the president,
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      • 80 10 INDONESIA'S Centre for Strategic and International Studies, Network Indonesia, and Singapore Technologies Telemedia (ST Telemedia) are holding a business seminar on the "Strategic Impact of Foreign Investment in Indonesia" in Jakarta today. The seminar will update investors and the business community on Indonesia's business
        80 words
      • 96 10 THE University of New South Wales has named Sydney-based architectural firm Johnson Pilton Walker (JPW) as the winner of a competition to design its new campus in Singapore. JPW will work with Singapore-based firm Team 3 to design the Science and Engineering Laboratory
        96 words
    • 341 10  -  By KALPANA RASHIWALA AFTER two earlier attempts at a collective sale in 1997 and 2000, the owners of Duchess Court in the Bukit Timah area are once again teaming up to sell their homes. This time, the price tag is lower, with marketing agent
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    • 316 10  -  ON THE MOVE By CONRAD RAJ FORMER top white collar crime buster Hamidul Haq, 42, has quit the public sector to join the private sector. Mr Haq, who was with the Commercial Affairs Department (CAD) for 12 years between 1988 and 1999, the last
      316 words
    • 169 10 Temasek Holdings will appoint New Zealander Simon Israel as executive director come July 1, 2006. Mr Israel, who was appointed as a board director last year, will "primarily focus his attention on investments in Asia, as well as review our overall investment portfolio, including
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    • 300 10  -  By UMA SHANKARI SINGAPORE'S retail sales index fell unexpectedly in January, decreasing by a seasonally adjusted 3.9 per cent from December last year, according to figures released yesterday by the Department of Statistics. Economists had previously predicted that the index would rise by
      300 words
    • 540 10  -  By GENEVIEVE CUA JAPANESE equity was the best performing developed market last year. But it may not repeat the robust showing, said Hiroshi Motoki, chief investment officer (Japan) of the AIG Global Investment Group in Tokyo. Japanese equity funds registered for
      540 words

  • SINGAPORE INTERNATIONAL
    • 1117 11  -  The Singapore-Panama FTA offers huge opportunities for companies here. CHUANG PECK MING reports CHUANG PECK MING EVEN before Singapore closed a free trade deal with Panama early this month, the gains had already kicked in. More than $100 million of business have been sewn up
      FILE PHOTO; AP; REUTERS  -  1,117 words
    • 619 11  -  By CHUANG PECK MING ASK Andrew Powell about doing business in Panama and his reply is: "You will need a quad band phone as Panama uses 850 mhz band only." Otherwise, it's a breeze well, almost to operate in this Central
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  • Page 11 Advertisements
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  • ECONOMY WATCH
    • 507 12 It strengthens vs US$ after PM Wen rules out further revaluation Bloomberg [BEIJING] China's yuan had the biggest gain since July's revaluation after Premier Wen Jiabao said on Tuesday the market will play a greater role in setting the exchange rate. Pressure
      Bloomberg; REUTERS  -  507 words
    • 258 12 Bloomberg (NEW YORK] US bankruptcy filings rose 10 per cent in 2005 to a record 1.78 million, fuelled by a more restrictive law that went into effect on Oct 17 last year. Business filings surged about 20 per cent in the third quarter
      Bloomberg  -  258 words
    • 209 12 Bloomberg [TOKYO] The Bank of Japan may raise interest rates from near zero before the country's inflation rate reaches 2 per cent, the upper end of the range the bank sees as stable prices, central bank Deputy Governor Toshiro Muto said.
      Bloomberg  -  209 words
    • 178 12 Reuters [TOKYO] The Bank of Japan (BOJ) should not start raising interest rates until deflation is completely defeated, senior officials from the Organisation for Economic Co-operation and Development (OECD) said yesterday. "We would be happy for the BOJ not to raise interest rates until
      Reuters  -  178 words
    • 584 12 Regulators sign cooperation agreement Bloomberg [LONDON] The US Securities and Exchange Commission (SEC) and the UK Financial Services Authority (FSA) said they could jointly oversee publicly traded companies listed on a transatlantic stock exchange. FSA chief executive officer John Tiner and SEC commissioner Christopher
      Bloomberg  -  584 words
  • Page 12 Advertisements

  • Page 13 Advertisements
    • 50 13 Stf d dflMl 5*5 jtsK 1? npirt Hb K J fB. Mbgjigjll'nrxxß* ik-mmkiter'i ■k ViL Hm m Bm kBI I H Kg ffi "•'*'fI*—1*— MB U" 1 5' i Jabil Circuit Inc. Congratulates VeriFone Inc. on the Launch of its International Headquarters in Singapore Jabll CIRCUIT THE WAY TO PAY™
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  • MALAYSIA/INDONESIA
    • 746 14  -  SBB's merger with CIMB will create Malaysia's second-largest lender By S JAYASANKARAN in Kuala Lumpur THERE were smiles all round yesterday when officials of Bumiputra-Com-merce Holdings (BCB) and Southern Bank (SBB) held a joint news conference that closes one of the ugliest chapters
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    • BRIEFLY ASIA
      • 63 14 Reuters [MUMBAI] Health workers went door-to-door looking for people with flu-like symptoms in western India yesterday, a day after the country reported its second outbreak of avian influenza in chickens. Officials said that they were checking if the latest outbreak was the deadly HSNI
        Reuters  -  63 words
      • 50 14 Bloomberg [HONG KONG] Wharf (Holdings), which owns real estate and ports in Hong Kong, said that its 2005 underlying profit rose 20 per cent on higher income from its malls. Profit excluding a revaluation increased to HK$4.5 billion (Ss93B million). Sales came to HK$l2.5 billion.
        Bloomberg  -  50 words
      • 69 14 Bloomberg [HONG KONG] Morgan Stanley said that its China co-head Zhao Jing is quitting, two months after the departure of the New York-based firm's chief executive officer in the country, source of about 40 per cent of Asian share sales last year. Mr Zhao, who joined
        Bloomberg  -  69 words
      • 61 14 AFP [JAKARTA] Indonesia's state energy firm, Pertamina, and ExxonMobil signed a joint operating agreement for the Cepu oil field yesterday, resolving a dispute keenly watched by foreign investors here. Pertamina inked the accord with ExxonMobil's local unit, Mobil Cepu, which was appointed the general manager
        AFP  -  61 words
      • 39 14 Reulers IIdIWVJ IIWi IVM [JAKARTA] PT Bakrie Telecom Tbk has halved its net loss, thanks to strong customer growth and some tax benefits. Net loss for 2005 came to 144.32 billion rupiah (5525.7 million).
        Reulers  -  39 words
    • 684 14  -  By SHOEB KAGDA in Jakarta US Secretary of State Condoleezza Rice yesterday said that American businesses will invest in Indonesia again if the country continues to improve the rule of law and strengthen its democratic institutions. She noted that while the
      AP  -  684 words
    • 493 14 Bernama. AP [PUTRAJAYA] Former Prime Minister Mahathir Mohamad says the increase in oil prices in Malaysia is not too large but he believes that it can be avoided if the government strengthens the ringgit. "I think the hike in oil prices
      Bernama.; AP  -  493 words
    • 2418 14 vol IteB MM ♦I- ooo A6M Realty 1.39 unch IS Abric 0.32 -0.01 55 ACP Industries 0.92 -0.01 1049 Advance Synergy AH -0.01 484 Adventa 4.27 unch 123 AE Muttl 0J9 0.04 647 Affin Hldgs 1.66 -0.01 475 Ahmad Zaki Res 1 94 -0.03 90 AlCCorp ...045 unch
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  • GREATER CHINA
    • 605 15 Rise in exports seen slowing in 5 years as country moves up value chain Reuters [BEIJING] China, its trade policies under growing fire in the US and Europe, is not deliberately cranking up exports, Commerce Minister Bo Xilai said in remarks published yesterday.
      Reuters; AFP  -  605 words
    • 215 15 Bloomberg [SHANGHAI] Singapore investment company Temasek Holdings Pte will buy a 10 per cent stake in Sichuan Meifeng Chemical Industry Co to become its third-biggest investor, the Chinese company said in a statement. Temasek will spend 117.9 million yuan (5523.8 million) on the purchase,
      Bloomberg  -  215 words
    • 648 15 It gets top bankers to tell lawmakers that deals were fair Reuters (BEIJING] China s bank regulator has roped in top bankers to try to convince critics that Beijing was not selling stakes in the country's financial institutions too cheaply, bankers
      Reuters  -  648 words
    • 120 15 Reuters [HONG KONG] China Communications Construction Group is looking to raise about US$l billion in an initial public offering (IPO) here, the Financial Times reported yesterday. The Chinese engineering and construction group was believed to have named Merrill Lynch and ÜBS as managers of the
      Reuters  -  120 words
  • Page 15 Advertisements
    • 2254 15 TOP GLOBAL LIMITED (Incorporated in the Republic of Singapore) Registration No. *****3719Z The Board of Directors of Top Global Limited (the "Company') wishes to notify the shareholders of the Company (the 'Shareholders') that it received a notice of takeover offer from its substantial shareholder, Mr. Yap Siean Sin (the "Offeror")
      2,254 words

  • INDIA
    • 577 16 Mittal will go only to shareholders with its US$23b bid as Arcelor bristles Reuters [NEW YORK] Senior Mittal Steel executives on Tuesday ruled out sitting down face-to-face with their counterparts at Arcelor to persuade them to accept Mittal's US$23 billion hostile bid. Instead,
      Reuters; AP FILE PHOTO  -  577 words
    • 493 16  -  Some observers dub Essar Group's arguments specious By SIDDHARTH SRIVASTAVA in New Delhi JUST as security concerns prevented the takeover of six US ports by Dubai Ports World, Indian interests have raised the spectre of an "unfriendly nation" as they try
      493 words
    • 5806 16 UNIT TRUSTS FUNDS ACM Amer Income BT USD 8.721 ACM Amer Income A USD L. 8.71 ACM Amef Income B USD 8.71 AMAmroAsset Mgt (S pore) ACM Amer Income A EUR 7.23/ Star Europe Eqty* 0.897 A CM Amer Income 8 EUR 7.23/ Star Europe Bond ACM Europ Income Opp
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  • ASIA-PACIFIC/WORLD
    • 495 17 Firm was hobbled by an inadequate accounting and controls system Bloomberg [WASHINGTON] Fannie Mae's "culture of arrogance" led the biggest US mortgage finance company to break accounting rules and overstate earnings by US$lO.B billion, the head of an internal probe
      Bloomberg  -  495 words
    • 340 17 By OUR CORRESPONDENT in Bangkok A THAI criminal court yesterday acquitted media reform activist Supinya Klangnarong and the Thai Post newspaper on charges of libel for which Shin Corporation was seeking damages of 420 million baht (5517.4 million). Shin, which when the libel
      340 words
    • 819 17  - Beware the Ides of March or of other months By ANTHONY ROWLEY in Tokyo "BEWARE the Ides (fifteenth day) of March", as the soothsayer urged Julius Caesar in Shakespeare's play of the same name. That fateful date has come and gone. But what we should perhaps beware of is a
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    • WORLD WATCH
      • 93 17 Reuters [WASHINGTON] US import prices fell 0.5 per cent in February, as expected, as the cost of imported petroleum, food and industrial supplies all declined, the Labor Department said yesterday. The drop in import prices was the first since November and followed
        Reuters  -  93 words
      • 47 17 Bloomberg [CANBERRA] John Fairfax Holdings Ltd, Australia's second-biggest newspaper publisher, is one of the most likely takeover targets under a government plan to abolish the nation's media ownership rules, analysts at Goldman Sachs JBWere Pty and three other firms said. —Bloomberg
        Bloomberg  -  47 words
      • 46 17 Reuters [FRANKFURT] German stock exchange operator Deutsche Boerse AG said it is looking forward to entering merger talks with pan-European stock exchange Euronext. But it said it did not plan to make an offer for the London Stock Exchange. —Reuters
        Reuters  -  46 words
      • 36 17 Reuters [SEOUL] Hollywood studio MGM plans to bring its roaring lion trademark to an Asian tiger economy by opening its first overseas theme park in South Korea, officials said yesterday.
        Reuters  -  36 words
      • 30 17 Reuters [TAIPEI] BenQ Corp swung to a wider-than-expected Q4 loss on Tuesday, hit by restructuring pains after taking over Siemens mobile unit. —Reuters
        Reuters  -  30 words
    • 530 17 Reuters [NEW YORK] Goldman Sachs Group reported its quarterly profit soaring by 64 per cent on Tuesday, the largest in the history of the securities industry. The New York-based investment bank leads off what is expected to be another quarter of record results
      Reuters  -  530 words
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    • 575 17 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF OUANTEC REALTY PTE LTD (Company Registration No. *****1506N) (Companies Winding Up No. 137 OF 2005/T) (In Liquidation) NOTICE TO CREDITORS OF MEETING (Under the Order of Winding
      575 words

  • AVIATION
    • 616 18  -  Smart money seems to be on carrier picking Boeing aircraft, over Airbus products By VEN SREENIVASAN [SINGAPORE] Singapore Airlines could decide on its orders for up to 80 widebodied planes in the next few weeks, according to industry observers. Flight International, citing
      AFP. BLOOMBERG  -  616 words
    • 903 18 911 F 61 FU HT Miaha SQ43S 0550 SQ436 2030 Aba Dhabi SQ455 1205 SQ456 1300 ?°K -rS 1 *£11 l s®i?s «s$f|| f|f| HI! HmMmi SQ442 2000 gjclg lap liwwj S|®l ilis 8!!i 5Q5421 1245 SQ5422 1340 MF653 2300 'Mi mm mmmi 3 1 aISIS
      903 words
    • 156 18 [SINGAPORE] Singapore Airlines enjoyed better passenger and cargo load factors in February, thanks to strong demand on most routes as the global economy gained strength. The airline filled 76.2 per cent of seats last month, compared with 71.3 per cent in February 2005.
      156 words
    • 146 18 Reuters [LONDON] British Airways Pic will axe 400 jobs by shutting its high street travel agent business and a call centre as it concentrates on online bookings, it said yesterday. BA said it planned to close its Travel Shops business, which
      Reuters  -  146 words
    • 583 18  -  By VEN SREENIVASAN [SINGAPORE] Changi Airport's third ground handling specialist Swissport has already secured enough business to fill a fifth of the capacity at its new 17,600 square metre state-of-the-art warehouse and has clinched nine airline customers. The Zurich-headquar-tered ground handling specialist
      583 words
    • 292 18  -  By VEN SREENIVASAN [SINGAPORE] Silk Air has launched a series of direct charter services to Christmas Island. The one-year charter contract with Austasia Airlines comes with an option to extend it for another year. The first weekly flight began on Feb 2. The
      292 words
  • Page 18 Miscellaneous
    • 148 18 CRYPTIC CROSSWORD Ca^'ta S 3 a r C ISaS 15 Chinese character Mao Across: 1 Moreover, 9 Open shop, 3 Doooed Torv leader was uo- moved Wlth terrible dir 9 e (8) 10 Arch 11 lnterference 13 Chair 16 Completely unacceptable re- man, 15 Espial, 16 Asti, 17 Pumps, 7,
      148 words

  • SHIPPING
    • 508 19 Negotiations are underway and deal will take months to conclude, it says Bloomberg [SINGAPORE] Dubai Ports World, which agreed to sell six US ports to diffuse opposition from American lawmakers, said potential bidders may include private equity firms or terminal operators seeking
      Bloomberg; REUTERS  -  508 words
    • 795 19 Bloomberg [SINGAPORE] Evergreen Marine Corp, Hapag-Lloyd AG and nine other container shipping lines expect to raise rates for the sixth consecutive year as demand for Asian goods rises, a trade group said. Other members of the shipping group are Cosco Container Lines
      Bloomberg; FILE PHOTO  -  795 words
    • 464 19 AP (FLORIDA] Trips on cruise ships remain a popular vacation value and 2006 looks encouraging despite rising fuel prices and media reports focusing on crime and safety problems on vessels, top cruise executives said on Tuesday. With six new ships hitting the
      AP  -  464 words
    • 434 19 Reuters [NEW DELHI] Dutch mail company TNT NV expects India's express delivery market to more than double in the next four years, as demand is fuelled by an expanding economy, a more prolific manufacturing sector and rising consumption. "The domestic
      Reuters  -  434 words
    • 285 19 SGX '000 Mar 15 »W- Vol CH Offshore 0.38 0.02 419 ChuanHup .0.35 unch 3329 Cosco Corporation 1.22 0.02 6370 CWT Distribution 1.04 unch 51 Ezra Hldgs 2.41 -0.02 480 Freight Links 0.06 unch 297 Grand Banks Yacht 0.92 -0.01 37 Java Holdings 1.29 0.01 1955 K1 Venture
      285 words
  • Page 19 Advertisements
    • 418 19 "rrrrTrriTTT Asia Pacific Ma«tiifieT2oo6~ 22.24 Expo, Hall 3 A true blue international event for maritime and shipping industry professionals. Come and experience refreshing ways of doing business in a new dimension! s Who's Who in the Maritime World Be awed by 9 National Pavilions, 605 exhibiting companies from 45 countries,
      418 words

  • EDITORIAL & OPINION
    • 499 20 EDITORIAL TWO new pieces of labour legislation in Europe one affecting young employees, the other retirement-age professionals, and both highly controversial show up the range of complex and sensitive employment issues that policymakers need to tackle. For Singapore, faced with the ongoing challenge of ensuring
      499 words
    • 744 20  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent THE decision by the Bank of Japan (BOJ) to end its ul-tra-easy monetary policy has focused attention on what will happen when interest rates rise. This is understandable given that the BOJ has
      744 words
    • 1005 20  - Be patriotic —sell high and often In the long term, this makes a nation much richer than barring foreigners from its companies MATTHEW LYNN Bloomberg FRENCH Prime Minister Dominique de Villepin appears to have struck a chord with his calls for "economic patriotism". All around the world, walls are being
      Bloomberg; AFP  -  1,005 words
    • 849 21  -  In hiring villagers, big firms are generating wealth for the poor and profits for themselves By JOHN LANCASTER LAT-WP WITH its open sewers and mud-walled homes, this impoverished farming village of 2,200 in southern India, Cholleru, did not look like fertile
      LAT-WP; AFP  -  849 words
    • 948 21  -  SAID ABDULLAH Correspondent "ARE you hurt by the Prophet's cartoons?' one of my non-Mus-lim colleagues asked me the other day. My unhesitant response was: "Of course any Muslim who loves his Prophet will be hurt." He didn't ask anything further but
      948 words
    • 696 21  -  By DENNY THOMAS Reuters [SYDNEY] Australian retiree Stephen Matthews has a luxury problem: What to do with the extra cash the stock market boom has left in his wallet? He's not alone. A share market trading just shy of record levels, a view that
      Reuters  -  696 words

  • Page 21 Advertisements

  • 11195 22 SGX MAINBOARD 52 Wk Td Last Vol Day Last Quote GrOtv Div GrVId Net MCap High Low Code Company Sate COOP) High low »uy«r SHtof Cot P/E jmil 5 2 5716 1st Software 5t 2 -0.5 1222 2 2 2 2.5 8.1 18.5 6 3148 8Telecom US2c 7
    11,195 words
  • Page 22 Advertisements
    • 34 22 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates In all markets r- w Access to Asian, US, Euro stocks Select Exchange Traded Funds and Indices
      34 words

  • 6138 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES in loot curr In SS In IISS dy yr dy yr dy %yr 14 lnd«» Q-»nge Change Change Change Change Change Wo»Minden JVelimmarf »012l (12 44 03 25 _&6 SO UAffPr*i.miiM«> «0283_ -01 5,7 05 45 0.8 7.1 lurope Preliminary ***** OlT 11
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  • Page 24 Advertisements
    • 1320 24 v NYK GROUP SOUTH ASIA PTE LTD H ®TSK LINE Fax: 6292 2856 (Regional sales)/ 6239 7109 (OPS)/ 6299 5785 (Documentation) NIPPON YUSEN KAISHA TOKYO WAKU KASHA. LTD. (C/R NO: **********0E) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination ERIKOUSA RDM/ATW/BMN/TLB/NAN HANJIN HOUSTON VCB/VCW/LAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W.
      1,320 words
    • 741 24 IINTERASIA RORO SIKVICI vcsa/voY Mwrgo) hbghtw pkg kh lo sin jkt STttllS VENTURE 05/04 is 3.2 22/03 25/03 30/03 02/04 04/04 STRAITS VEKTUtE 04/04 15 3.2 04/04 09/04 20/04 23/04 25/04 STRAITS VPmjKE 07/04 15 3.2 27/04 30/04 04/05 07/05 09/05 laustrauan roro service 1 VBSft/VOT |gAWf(KT)|«GHT(M)| UI |SW IB
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  • Page 25 Advertisements
    • 1892 25 WAN HAI INTERNATIONAL PIE LTD a **********0/* ail* 11 TEL*****5M (14UNES) FAX:*****163 \\\M\ WAN I4AI I INF\ Custom*S«vk«/BookiigsDiredUrn• (1800)*****200 111 TVMII llftl hlllLJ naiH: (031 *****U1HU: (03) *****91 fW TB; (04) 226H00 NUL \> Mi— (07)JJ1»»21 9* 1R: (031) 3J9547S FAX (031) *****14/ *****05 www waithai fain «n *11H; (021)
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    • 1240 25 Ytssa VOY SIN JKT HKG KHH INC KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS HY YUDIVOSTOK 173S 17/3 19/3 24/3 26/3 28/3 30/3 30/3 SUNSET »AY 603S 19/3 ?2/3 23/3 28/3 1/4 2/4 HY PROGRESS 110S 23/3 25/3 30/3 1/4 3/4 _5/4_ 5/4 KMT( PUSAH 604S 26/3
      1,240 words
    • 904 25 m a<3as& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VtSStl VOY SIN PJOANG COUjjgO N. SHEVA COLOMBO KOTAPERIAMA YPMO33 13 MAR 14 MAR 17MA» ?0 MAK ?3 MAK HOWUH BKIDGF~ "553# 7flMAir 21 MAR "frMAT" 27 MAB 30 MAR kota phwira YPWQBI nm ?a
      904 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5948 26 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Heme Mwr IMmi SIN Desfn Name Name Number Ni 23/03 30/03 Gemartrans VANXUAN MSL20N *****662 To ABIDJAN (ABJ) 2003 Cote D'lvoire 25/03 01/04 Gemartrans PLATINUM DIAMOND 33N *****662
      5,948 words
  • Page 26 Advertisements
    • 315 26 VESSEL VOY SIN PCU VESSEL VOY SIM JUT PAC BAWDA 1687N 15/03 16/03 PAC lINTAN 9342 18/03 21/03 CSF 2301 0251P 16/03 17/03 PAC »Ail 4210 20/03 23/03 PAC BANDA 1688N 17/03 17/03 PACBANPA 1689N 18/03 18/03 gJJ CSF 2301 0252P LB/03 19/03 g® PAC BANDA 1690H 19/03 20/fi3_ gjj
      315 words
    • 274 26 VtSStL Ivor PKI SIN KARACHI DXB BAB NHS DMM BIK I KHOR IRAN SHAHRYAR PCI 5126 IS/03 19/03 27/03 01/04 02/04 06/04 09/04 12/04 IRAN BAABAfI PCI «127 25/03 26/03 04/04 07/04 OS/04 13/04 16/04 19/04 IRAN KORPISTAN PCI 1129 02/04 03/04 12/04 H/04| 16/04 22/04 25/04 28/04 I VESSEL
      274 words
    • 120 26 BSfl i. HjMMM BMiy I II MYANMA m FIVE STAR LINE (Myamnar National Line) Loading for Yangoii VESSEL VOY SIM PKI PIN PGU CHIN SHW! HAW 90W SID PAGAN 349W SU) IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****348 PEN: 04-263M15 ACCEPTING CONVENTIONAL C6O VESSEL VOY HKG SM PKL KCH T*
      120 words

  • BizIT
    • 570 27  -  It is keen to join discussions on new broadband network, reports WINSTON CHAI WINSTON CHAI A YEAR after moving its regional headquarters to Singapore, network cabling specialist Systimax Solutions is beefing up its local presence with a new product demonstration facility. According to Dr Ispran
      570 words
    • 337 27 Bloomberg [SHANGHAI] Menglan Group Corp, a Chinese company that invests in textiles and information technology, plans to sell a laptop for about 1,500 yuan (Ss3o2) starting in May to tap demand in the nation's rural areas. The Longmeng, which translates to Dragon Dream, computer
      Bloomberg  -  337 words
    • 455 27 AFP [TOKYO] Sony Said yesterday it will delay the launch of its Play Station 3 by half a year until November, boosting Microsoft's efforts to win a bigger share of the multi-billion dollar videogame industry. The delay, for technical reasons, will give the company
      AFP; AP  -  455 words
    • 414 27  -  By ROLAND LIM MENTION software architecture and service-orient-ed architecture (SOA) often follows. SOA, an IT industry buzzword that has been garnering more attention in recent years, has also become a concept embraced by enterprise software giants. And spreading the SOA gospel here recently was
      414 words
    • 508 28  -  The two companies hope to tap new market segments with the technology By AMIT ROY CHOUDHURY IN A major push to popularise virtualisation in servers and storage machines, VMware has announced a partnership with Intel Corporation that the two companies hope will bring
      508 words
    • 707 28 NYT [NEW YORK] A group of European computer researchers have demonstrated that it is possible to insert a software virus into radio frequency identification tags, part of a microchip-based tracking technology in growing use in commercial and security applications. In a paper
      NYT  -  707 words
  • Page 27 Advertisements
    • 149 27 VIRTUAUSATION SOLUTIONS VMware partners with Intel. PG 28 IH fuJitsu THE POSSIBILITIES ARE INFINITE If PRIMERGY can meet the extreme performance and reliability demands of the animation industry, it can meet the ■Mi Jfini needs of any other application, j y NICKSON FONG Chief Executive Officer, Egg Story Creative Production
      149 words

  • Page 28 Advertisements
    • 224 28 How many calls are abandoned f//t/tjKfck Jo9ttfel How are your agents' Are calls being directed to the |fe| k Ifl appropriate handling groups? fP Can your agents'phone conversations be recorded or mk Js gflj monitored (real-time) without acquiring costly equipments?... j|Hfl| We have all the answers at Converged Solutions Pte
      224 words

  • PROPERTY
    • 648 29  -  HDB dwellers form bulk of upgraders; downgrades mostly from private houses By NANDE KHIN MORE than 60 per cent of Singapore households who moved over the past decade shifted to bigger homes, according to a survey released by the Department of Statistics
      648 words
    • 316 29  -  By GRACE CHONG THE next time you check into a Millennium Copthorne (M&C) hotel, you may be greeted by the staff who not only remembers your name, but also little details like your wedding anniversary, favourite dish and even your favourite newspaper. This
      316 words
    • 524 31  -  By KALPANA RASHIWALA ANOTHER property owned by the former boss of troubled electronic waste recycler Citiraya has been put up for auction. Investors who missed out on Ng Teck Lee's bungalow at Paya Lebar Crescent when it was auctioned last month can now bid for
      524 words
    • 331 31  -  By ALEXANDRA HO PRIVATELY held developer Sing Holdings is launching its freehold residential project at Meyer Place this weekend. The project, Meyer Residence, a 19-storey development with 68 units, is located opposite Katong Park. Sing Holdings has set prices between $707 and
      331 words
    • 1675 31 PROJECT NAME/ PROP CONTRACT TENURE BUIU-1N/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQFT) (SS 000) (St) District 01 NON-LANDED The Sail At Marina Bay Apt 27/02/2006 99 1033 1448 1401 The Sail At Marina Bay Apt 23/02/2006 99 614 767
      1,675 words
  • Page 29 Advertisements
    • 429 29 7 /Nanyang Girls'\ g /"High Sen \"°l /S? Raffles oc Land 152,250 sf Rectangular 999 yrs LH, GPR 1.4, 5-storeys Within Ikm to Nanyang Primary SS^^s V Casabella and Raffles Girls Primary Quiet, overlooking landed estate Victoria Pk P f S®* l r Potential for 100 x 2,000 sf apts
      429 words
    • 230 29 friiiiß rrn>i~"» Plot A:Mk 17 4113 X /C Plot B :Mk 17 5775 C T0ta1:*****.0 Sq Ft Plot Ratio: 2.8 Building Storey. For more details/Tender documents please contac Stanley Koo *****785 fgfc xVI Angeline Koh *****228 ERA; Orchard Road Block Sale of newly completed 2, 3 Bedrooms Penthouses for quick
      230 words

  • Page 30 Advertisements
    • 105 30 |HBH| IH (AI y lf (011 I <I$L i^-%^ v M»ii Ihm&I Ifis HflßglP' I Ep<. 1m I Wh S *-<■> jj^HH I i m Kb a BS*. H Hw i^. I iiM wH |MMM||^H^^^^^^^^^^P'-' t jj&-*,i§y*! J #<*^^ 4MM i>^*^Mlrl Immu 3f «s «j N HiiU. I |yiM|a Bf-«
      105 words

  • Page 31 Advertisements
    • 139 31 RETAIL/RESIDENTIAL/SOHO DEVELOPMENT SITE FOR SALE 77 Corner location v&r Walking distance to the Clarke Quay MRTstation 999 years L Land area approx 8,037 sq ft "®y/ plot Ratio 70 A/ Hei 9 ht control up to 10 storeys s&K S// Zoned commercial. Possible y\% retail/residentiai/SOHO /yf Investment Properties ES E}
      139 words

  • Page 32 Advertisements
    • 1631 32 ADVERTORIAL Intelligent Patching: Key to Successful Network Management Kbi. I >■:•■ feji s- Shh^^te. -imam I I "1 ;-:.^^^B| *BBBBBBBBB^^^B^WI^^^^^^^WBPIWiBIIP^ip[^pB|BBBBp v ;..';f|_ /;i>fe;V^tT> SYSTIMAX® Solutions specialists provide strategies on how to w inii nti iiiHw effectively and easily manage your overall network infrastructure, either centrally or remotely, from just a
      1,631 words