The Business Times, 29 March 2006

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Total Pages: 30
1 30 The Business Times
  • 15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Wednesday, March 29,2006
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  • 1060 1  -  Despite Stanchart deal, Temasek looks far from done in its search for investments in Asian financial institutions By LESLIE YEE, CONRAD TAN [SINGAPORE] Temasek Holdings may be actively divesting stakes in assets at home and abroad but it is busy adding
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  • 502 1  -  Report ranks nations' ability to tap infocomm technology By ROLAND LIM (SINGAPORE] Singapore is no longer the world's most "network ready" country, ceding the top spot to the United States, according to a World Economic Forum (WEF) report released yesterday. Singapore
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  • Page 1 Advertisements
    • 21 1 WORLD CUP O TbpS'pore execs K ■■■■■■■■■■■■■■WKL.-, A LATEST ON US INTEREST RATES: Get the US central bank's decision at http://business-tiines.asial.com.sg
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    • 137 1 MOTORING ARCHITECTURE AS ART WBSSHm. v V 1 h'.-r- -mM&kw* ik.■ m JmMH x.' IjS i< 9 WHIN FUNCTION li TRANSFORMED INTO AN AESTHETIC THAT ELUCIDATE S "l" I I P\ p ARCHITECTURE AND CEIEftRATES UtftAN CULTURE. tT ASSUMES A FORM OF ART THR JE I I IX O L
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    • 18 1 NEW FACES A PAP presents Qf 3 more candidates z :l s, 2006 c* Ml —«L— H ll*
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  • TOP STORIES
    • 509 2  -  Strategic tie-up will give SPH foothold in China's outdoor media sector By WONG WEI KONG {SINGAPORE] Singapore Press Holdings (SPH) will take a 35 per cent stake in the billboard unit of TOM Group Ltd, a publishing, advertising and Internet company
      509 words
    • 490 2  -  They've signed up for the BT-Philips World Cup Fund By MIKE CHUA [SINGAPORE] German electronics giant Siemens took on UK home furnishing company Courts last Friday on a level playing field somewhere in Singapore. The heads of the two companies agreed it was
      ARTHUR LEE  -  490 words
    • 138 2 STI 2,513.57 (+9.34) ST INDEX FUTURES 2,***** (+9.00) SIMSCI 297.92 (+1.35) SIMSCI FUTURES 298.30 (+1.50) MARKETS Tuesday Change KLSE COMP 932.83 +4.35 NIKKEI 225 16,690.24 +40.14 HANG SENG 15,856.58 +40.71 SET INDEX 729.24 -4.09 JAKARTA COMP 1,325.22 +13.27 MANILA COMP 2,186.79 -9.16 SEOUL COMP 1,331.31 +0.97 SHENZHEN B
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    • 487 2 AS the Fifa World Cup Finals approaches. The Business Times and Philips have teamed up for a charity drive that will engage the corporate fraternity and add a bit of sporting fun in these pages. The BT-Philips World Cup Fund aims to
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    • 405 2  -  Temasek deal takes the steam out of market speculation By NEIL BEHRMANN in London STANDARD Chartered shares skidded 2.8 per cent yesterday in London to close at 1,482 pence, as the market believes Temasek Holdings' purchase of the Khoo estate's stake in the
      405 words
    • 537 2 Stanchartseen to mesh with Temasek's strategy INDUSTRY observers believe that Standard Chartered Bank clearly fits Temasek Holdings' strategy of investing in Asian banks as a proxy for the region's economic growth. They also see the acquisition as furthering its drive to buy into Asia's financial sector and invest
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    • 510 3  -  Deal expected to further Temasek's drive to buy into Asia's financial sector By LESLIE YEE [SINGAPORE] What is now Standard Chartered Bank was established in the UK in 1853 and has a London listing. But industry observers believe this bank clearly fits Temasek
      AFP  -  510 words
    • 850 3  -  HOCK LOCK SIEW By MICHELLE QUAH IT MAY have finally answered one burning question but the Khoo estate's sale of its Standard Chartered Bank stake to Temasek Holdings has also raised another: What will the already stupendously wealthy Khoo family do with
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 750 4  -  It also plans to launch three to four such funds by the end of this year By TEH HOOI LING »%HE Singapore Exchange JSGX) is stepping up its efKbrts to develop the market !|for exchange traded funds ♦OETFs) and has plans to
      750 words
    • 381 4 Reuters WHEN trading resumes in shares of China Aviation Oil (Singapore) Corp today, the stock is likely to jump above 550.515, the price new investors paid as part of CAO's bailout and restructuring. But gains are likely to be 9hort-lived,
      Reuters  -  381 words
    • 377 4  -  They allegedly allowed use of their securities accounts By WONG WEI KONG FOUR men were charged in the Subordinate Court yesterday for allowing their securities accounts to be used to trade Citiraya shares for the benefit of its former chief executive Ng
      377 words
    • 573 5  -  There'll be revenue from fans looking for results but no one is offering 3G video clips By SIOW LI SEN WHICHEVER nation is victorious in this year's football World Cup, one outcome is guaranteed: telecoms companies will be among the
      573 words
    • 249 5 Bloomberg [HONG KONG] Globe Telecom Inc, the second-largest Philippine mobile-phone company, will start offering high-speed wireless cellphone services in the second quarter. The company, which is SingTel's Philippine unit, will initially offer free trials of the so-called third-gener-ation (3G) service, which allows
      Bloomberg  -  249 words
    • 412 5 Reuters [BANGKOK] Advanced Info Service, Thailand's top mobile phone firm, yesterday said it had launched new promotions to boost subscriber growth after a decline in the first quarter. The one-month campaigns, to be offered to both pre-paid and post-paid clients, would help boost AlS's competitive
      Reuters  -  412 words
    • 341 7  -  By UMA SHANKARI HELPED by substantial one-time gains from asset sales, construction group Low Keng Huat (LKH) achieved a net profit of $54.6 million for its financial year ended Jan 31,2006, a 17-fold surge from the previous year's $3.1 million. The
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    • 425 7  -  Buyers of ageing vessels are units of its parent China Ocean Shipping By DONALD URQUHART COSCO Corporation (Singapore), the local bulk-ship-ping and ship-repair arm of China's largest shipping group, has agreed to sell four ageing vessels worth US$34 million from its current
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    • 547 7 By then it will start selling timber from its poplar trees Reuters SINGAPORE-LISTED Chinese forestry firm Guangzhao Industrial Forest Biotechnology Group expects to earn a positive cash flow from operations from 2008, when it will start selling timber from its maturing poplar
      Reuters  -  547 words
    • 184 7 Reuters SKY China Petroleum Services, which provides onshore drilling and oil extraction services in China, expects double-digit growth in net profit this year, with a "significant improvement" in profit margin. "Our internal target is to achieve double-digit growth (in earnings), definitely more than 10
      Reuters  -  184 words
    • 357 7  -  From CLARENCE MICHAEL in Dubai NCS Pte Ltd, a wholly owned subsidiary of Singapore Telecom, is completing a unique information, communications and technology (ICT) and security infrastructure project valued at more than $10 million for the iconic Bahrain World Trade Centre. The 50-storey
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    • 367 7  -  By CONRAD RAJ INDIA'S search for more oil and gas to feed its energyguzzling economy has secured for Keppel Fels, the world's largest rig builder, another jack-up rig from the country's Jindal Group. The US$lB4 million rig for Jindal Pipes Ltd, a
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    • COMPANY BRIEFS
      • 94 7 VENTURE Corporation's wholly-owned subsidiary, Univac Precision Engineering Pte Ltd (Univac), has entered into an agreement with Andreas Christen, a tooling solutions expert, to establish a'' joint-venture company in Singapore known as Protool Systems International Pte Ltd (PSI). PSI will have an issued share capital of
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      • 91 7 ST AEROSPACE, the aerospace arm of Singapore Technologies Engineering (STE), has signed a five-year agreement worth US$l2.5 million with an Asian full service airline. It involves components management and maintenance support for the airline's fleet of 13 Airbus A32ojets over five years. Electronics unit
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      • 65 7 NATURAL Cool Holdings, an integrated air-conditioning and switchgear specialist, has lodged its preliminary prospectus with the Monetary Authority of Singapore for a listing on Sesdaq. The group provides installation, maintenance, repair and replacement services for air-conditioning systems to the residential and commercial sectors in Singapore and
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      • 55 7 ASIA Water Technology yesterday entered into agreements with three funds managed by JLF Asset Management, LLC for the investors to subscribe for a total of 13.9 million new shares at 58.16 cents each. The net proceeds of about $7.7 million will be used for investment
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      • 74 7 CNA Group, as part of its Middle Eastern expansion, has formed a company in Dubai, CNA Integrated Technologies (LLC), with 49 per cent interest held by the company and 51 per cent held by a UAE national. The initial paid-up capital of the joint venture
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      • 25 7 BAN Joo Company has appointed KPMG Business Advisory as special consultants to review its financial position and help it restructure debts.
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  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • SINGAPORE MARKETS
    • 879 6  -  CURRENCIES NZ$ and A$ slides may deepen if 60 and 70 US cent supports prove brittle LARRY WEE Senior Correspondent THE US central bank's interest rate meeting overnight provides the immediate focus for currency markets this week, with some danger that
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    • 1028 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Mar 28 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ BuyI Shares Per Before After Stock Date Director Sell '000 Shr T000) COOP) HG Metal 27-Mar-06 Sia Ling Sing *Buy 133 0.30 ***** 7.65 ***** 7.73 LeeKimTah 27-Mar-06 Lee Soon
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    • 272 6  -  Compiled by MATTHEW PHAN Biosensors International March 28 dose: $1.12 UOB KAY HIAN, March 27 FOLLOWING the 3Q results announcement on Feb 6 by Biosensors, a specialist medical device manufacturer, we believe Axxion DES sales in Europe and Asia would have continued to show strong traction. In the
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    • 435 6  -  STOCKS R SIVANITHY Senior Correspondent IT WAS all about the property and China sectors yesterday the former a theme which sprang to the fore ahead of today's deadline for the submission of bids by prospective casino operators, and the latter a well-worn theme that every
      435 words
    • 298 6  -  CHART POINT By YEO KEE YAM YEO KEE YAM IN THIS weekly review, rotational interest was particularly active among small caps with most of the spotlight on China plays. As China Aviation Oil (CAO) resumes trading today, could this be the watershed
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  • Page 7 Advertisements
    • 117 7 Globalise Your Brands Protection Of Intellectual Property Rights is our Business TRADEMARK name, words, brand, logo, figure, device, picture, slogan or any sign distinguishing your goods or services from that of your competitors indicating quality and acts as a badge of origin. Protection of these rights gives you a commercial
      117 words

  • SINGAPORE NEWS
    • 480 8  -  By CONRAD TAN SCOTTISH Re, one of the largest life reinsurers in the US, has been granted a branch licence by the Monetary Authority of Singapore to offer a full range of underwriting services here. The Singapore office which officially opens
      480 words
    • 707 8  - Mk ST/STEPHANIE YEOW PAP presents 3 more candidates Fair Price deputy CEO Seah Kian Peng, and lawyers Hri Kumar, Ellen Lee By DANIEL BUENAS THE People's Action Party has introduced the latest trio of candidates it intends to field in the coming general election. PAP first assistant secretary-general Wong Kan
      707 words
  • Page 8 Advertisements
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    • 71 8 f i ii ■a—zgaaagaaa—im I i 125 Years Bower 400 locations Worldwide j •< Ask us about Corporate, Individual or Group Instruction. Call Berlitz today 6733-7472 or visit www.boriitz.com 5 fj 501 Orchard Road *05-03/04 Wheelock Place Singapore *****0 Berlitz course u >> j pnSSV OW VMF I 1 Lianhe
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    • 237 8 Prime Freehold Industrial Site Off Upper Paya Lebar Road Two adjoining plots at hartley rd iv SUBJECT SITE ijl— A- New Industrial Road LIMTECK BOORD Tlme B Site area :41,819 sq ft approx) iiKi Riiuri 5 NEW INDUSTRIAL RD Sr '<| Ho.Hu«t Plot Ratio :2.5 I Indßldg LITTLE RD J
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  • SINGAPORE NEWS
    • 481 9  -  FOCUS ON PROPERTY 1,200 units sold out of 1,800 launched; pace put down to developers' delay By ALEXANDRA HO AFTER developers' sales of private residential properties in the primary market hit a three-year high of 8,955 units last year, things slowed down
      Source: LRA,Knight Frank Research  -  481 words
    • 700 9  -  By KALPANA RASHIWALA THE second commercial site near Somerset MRT Station made available for application yesterday by the Urban Redevelopment Authority (URA) is expected to fetch more than the first plot, the former Glutton's Square site, that was sold to Far East Organization in
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    • 505 9  -  By CONRAD TAN THE much-anticipated deposit insurance scheme to safeguard individual savings in the event of a bank failure will kick off this Saturday. From April 1, all banks must maintain a register of their products which qualify for the deposit insurance,
      505 words
    • 324 9  -  By MATTHEW PHAN A NEW international treaty on trademarks to be known as the Singapore Treaty on the Law of Trademarks was signed by 41 of the 183 member states of the World Intellectual Property Organisation (Wipo) here yesterday. The treaty standardises and
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    • 241 9  -  By ARTHUR SIM HEARTENED by rising property prices, owners of redevelopment property appear to be expecting more from the en bloc sale of their homes the second time around. Ultra Mansion, a freehold 13-storey apartment building near Novena MRT station, was put on the
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  • Page 9 Advertisements
    • 1324 9 C*P SP CORPORATION LIMITED (Incorporated in the Republic of Singapore) Company Registration No.: *****0115K NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 53 rt Annual General Meeting of SP Corporation Limited (the "Company") will be held at 9 Oxley Rise, 1" Storey Foyer, Podium Block, The Oxley,
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  • ECONOMY WATCH
    • 621 10 US should cut its deficit and boost savings rate, says central bank chief Bloomberg [BEIJING] People's Bank of China Governor Zhou Xiaochuan said adjusting the yuan's value will not reduce the nation's trade surplus, rejecting US accusations that the government keeps the currency artificially
      Bloomberg  -  621 words
    • 449 10 AP [BEIJING] US Commerce Secretary Carlos Gutierrez met Chinese officials yesterday to discuss reducing Washington's massive trade deficit with Beijing ahead of a possible Senate vote on sanctioning China for allegedly manipulating its currency. Mr Gutierrez held talks with Commerce Minister
      AP; REUTERS  -  449 words
    • 158 10 AFP [SHANGHAI] China has overtaken Japan as the world's largest holder of foreign exchange reserves with U*****.7 billion at the end of February, a staterun newspaper reported yesterday. China's reserves rose a sharp U5526.3 billion in January to U*****.2 billion, then added
      AFP  -  158 words
    • 583 10 Bloomberg [WASHINGTON] Globalisation may end up being the saving grace for Ben Bernanke's US Federal Reserve that productivity was for Alan Greenspan's. That's the argument some Fed officials, academics and Wall Street economists were making as the new Fed chairman prepared to preside over his first
      Bloomberg  -  583 words
  • Page 10 Advertisements
    • 1053 10 IHTIIINAT I O N A I HONGGUO INTERNATIONAL HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hongguo International Holdings Limited ("the Company") will be held at Maharaja, Basement 1, Holiday Inn Park View Singapore, 11 Cavenagh Road Singapore *****6 on Thursday,
      1,053 words
    • 100 10 I GLORY SHIP I I MANAGEMENT 1 I PTE LTD I I We invite applications for the I following position(s) I H Some working experience in the I Operations or Post Fixture Department of a Ship Owning or Shipßroking or Ship Management Company preferred Candidates with a diploma in shipping
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  • MALAYSIA/INDONESIA
    • 675 11  -  KLIA seen taking away some of Changi Airport's passenger traffic By PAULINE NG in Kuala Lumpur MALAYSIA'S division of its domestic air routes between Malaysia Airlines (MAS) and Air Asia sets the stage for the country to emerge as a "regional aviation powerhouse"
      REUTERS  -  675 words
    • 504 11 Bloomberg [KUALA LUMPUR] Telekom Malaysia Bhd, the nation's biggest telephone operator, expects profit contribution from its overseas units to double by 2009 as the company expands into India and Vietnam. Overseas ventures, including India's Spice Communications Pvt and PT Excelcomindo Pratama in
      Bloomberg  -  504 words
    • 2402 11 VOl General Corp 0.48 -0.01 27 «M *1- C000) Genting .24.50 0.30 637 George Kent 0.55 unch 112 ASM Realty 1.37 unch 0 GHL Systems .0.20 -0.01 ***** A*™ 0 34 "001 15 Globetronics Tech 0.32 0.01 .521 ACP Industries 1.14 0.01 2461 GlomacBhd 1.24 unch 107 Advance
      2,402 words
    • 223 11 AFP [JAKARTA] Software piracy is costing the Indonesian economy billions of dollars each year and is stymieing the creation of a local information technology industry, a Microsoft representative said yesterday. Some 87 per cent of computer software on the market in Indonesia in 2005 was
      AFP  -  223 words
  • Page 11 Advertisements
    • 241 11 R "q Ist Week sth Week Braised Dried Abalone (18 Head Type) sl4Beacti Braised Fresh Abalone (3 Head Type) $52 r each Abalone (4 Head Type) $42 r each v Double Boiled Superior Shark's Fin Soup s 148 for 2 pax W/HunamHam (White Stock Last) Braised "Hoi Fu" Shark's Fin
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  • GREATER CHINA
    • 224 12 AFP [KUALA LUMPUR] Malaysian gaming and power conglomerate Genting has paid U*****.3 million for power assets in southern China's Fujian province as part of its regional growth strategy. Genting subsidiary Genting Power China Ltd will buy a 73.8 per cent stake in Meizhou Wan
      AFP  -  224 words
    • 522 12 Move reflects growing pressure on govt following hot IPOs in HK, US [BEIJING] China's securities regulator will lift a ban on new mainland share issuances "in the near future", most likely within the coming month, high-level sources said Monday. Initial public
      522 words
    • 471 12 Reuters [SHANGHAI] The biggest US pension fund, the California Public Employees' Retirement System (Calpers), is on the verge of making its first investments in home building in India and China as it looks overseas to spend a growing allocation for property, an executive
      Reuters  -  471 words
    • 55 12 DANCERS from the National Ballet of China rehearse a scene from the ballet 'Raise the Red Lantern' at Sydney's Capitol Theatre. The company is making its first visit to Australia to present the internationally-acclaimed ballet which is based on the Oscar-winning film of the same name
      AFP  -  55 words
    • 424 12 Reuters [NEW YOBK] Citigroup Inc said it planned yesterday to open its first private banking office in mainland China, in a bid to attract the wealthiest residents of one of the world's fastest-grow-ing economies. The largest US bank said its new Shanghai office will
      Reuters  -  424 words
    • BRIEFLY ASIA
      • 90 12 Bloomberg [SHANGHAI] Citic Securities Co, China's biggest publicly traded brokerage, said fourth-quarter profit tripled on gains from securities investment and lower provisions for losses on stock trading. Net income jumped to 259.6 million yuan (5552.4 million) from 71.4 million yuan a year earlier.
        Bloomberg  -  90 words
      • 69 12 Reuters [DETROIT] JPMorgan Chase Co chief executive Jamie Dimon on Monday said the Wall Street bank would hire another 4,000 staff in India this year, taking its total there to about 9,000. Mr Dimon said the bank was increasing its presence elsewhere in
        Reuters  -  69 words
      • 64 12 Bloomberg [NEW YORK] International Business Machines Corp (IBM), the world's largest provider of computer services, will hold an annual analyst meeting in India for the first time, as the company expands in its fastest growth markets. Chief executive officer Sam Palmisano last week invited
        Bloomberg  -  64 words
      • 71 12 Reuters [KUAI.A LUMPUR] Malaysian lender Hong Leong Bank said yesterday its capital position allows it to look at business opportunities at home as well as abroad. "(The bank) is very well capitalised. We have the capacity, we have the capability. As a CEO, it is
        Reuters  -  71 words
  • Page 12 Advertisements
    • 1044 12 roe+BANK RHB BANK BERHAD (Co. No 6171-M) (Incorporated in Malaysia> BOARD OF DIRECTORS I The directors of the Bank who have held office since the date of the last report are: Datuk Azlan Zainol (Non-Executive Chairman) Johari Abdul Muid Dato Abdullah Mat Noh (Non-Executive Deputy Chairman) Ismael Fariz Ali Tuan
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  • INDIA
    • 803 13 Move could help pull bond market out of slump amid interest rate concerns Bloomberg [MUMBAI] Foreign holdings of Indian bonds may double to US$6 billion after the government makes its currency freely tradeable allowing overseas investors to buy more of the nation's debt,
      Bloomberg  -  803 words
    • 290 13 Reuters [SAN ANTONIO] The petrochemical industry will shift from the West to Asia in the 21 st century because of the surging economies of China and India, Mukesh Ambani, chairman and managing director of India's Reliance Industries Ltd, said on Monday. By 2050, the
      Reuters  -  290 words
    • 774 13 The key is to show an understanding of local tastes Reuters [SHENZHEN] When WalMart Stores opened its first store here a decade ago, the local newspaper headline proclaimed: "The Wolf is Coming." The world's biggest retailer has not exactly devoured China's retail sector
      Reuters; BLOOMBERG  -  774 words
    • 306 13 AFP [WASHINGTON] The Bush administration said on Monday it was not prepared to renegotiate a landmark nuclear deal with India despite resistance to the agreement by legislators whose endorsement was mandatory. Undersecretary of State Nicholas Burns said the administration was open
      AFP  -  306 words
    • 322 13 Bloomberg [MUMBAI] India's central bank says it is easing rules for companies investing overseas as part of a plan to help exporters and companies seeking to expand abroad. The central bank will allow proprietary companies or unregistered partnership firms whose exports exceed 150
      Bloomberg  -  322 words
  • Page 13 Advertisements
    • 745 13 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FINIAYSON GLOBAL CORPORATION LIMITED (REGISTRATION NO.: *****0559K) {INCORPORATED IN SINGAPORE) At on Extraordinary General Maating of tha abovanamad Company duly convanad and held at 608 Orchard Road. #06-18 Tha AlriumOOrchord S(*****1) on the 28 MARCH
      745 words
    • 382 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FINLAYSON ALPHA INVESTMENTS PTE LTD (REGISTRATION NO.: *****1102H) (INCORPORATED IN SINGAPORE) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 608 Orchard Road, #06-18 The AtriumOOrchard 5(*****1| on the 28 MARCH
      382 words
    • 524 13 BANKRUPTCY ACT (CHAPTER 20) BANKRUPTCY RULES IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Re CHEONG YON HOOI (NRIC No. *****858G) Debtor Ex-pane AMBANK (M) BERHAD (formerly known as AmFinance Berhad and earlier known as MBF Finance Berhad) (Malaysian Reg. No. 8515-D) Creditor STATUTORY DEMAND UNDER SECTION 62 OF
      524 words

  • ASIA-PACIFIC/WORLD
    • 564 14  -  Joint appreciation would reduce dependence on dollar's stability By ANTHONY ROWLEY in Tokyo ASIAN countries should not take the continued stability of the US dollar for granted and should act now to avert a possible new regional currency crisis by jointly appreciating
      AP  -  564 words
    • 252 14 AFP [BANGKOK] Public opinion in Bangkok has turned against protesters seeking to oust Thai Prime Minister Thaksin Shinawatra, a new poll found yesterday. The shift came after protest organisers announced that they would move their demonstration from Bangkok's historic district to a downtown
      AFP  -  252 words
    • WORLD WATCH
      • 91 14 Reuters [NEW YORK] A former partner at accounting firm KPMG pleaded guilty to conspiracy and tax evasion charges on Monday for his role in creating and marketing fraudulent tax shelters meant to help wealthy clients avoid paying taxes. As part of his plea, David Rivkin, 42,
        Reuters  -  91 words
      • 83 14 Bloomberg [SYDNEY] Tabcorp Holdings, Australia's biggest gaming company, may top Tattersall's Asl.9 billion (552.2 billion) bid for Unitab to protect its Victorian betting license, analysts said. Melbourne-based Tabcorp could lose its off-track betting license in Victoria when it expires in 2012 as the state
        Bloomberg  -  83 words
      • 121 14 Bloomberg [MOSCOW] OAO Yukos Oil Co, once Russia's largest oil company, faces the liquidation of its remaining assets as bankruptcy hearings start today in Moscow, more than two years after the arrest of the company's chief executive officer. The Moscow Arbitration Court will hear
        Bloomberg  -  121 words
      • 113 14 Reuters [NKW YORK] A bird flu pandemic could cost Furopean life insurers as much as £20 billion (5556.6 billion) in extra claims and US insurers about US$ 18 billion, a report said on Monday. These payouts would likely be tolerable for the life
        Reuters  -  113 words
      • 107 14 Reuters [ISTANBUL] Citigroup is the favourite to win a bid for Turkish financial group Finansbank, a source familiar with the matter told Reuters yesterday. Citigroup and the National Bank of Greece are expected to submit rival bids for Tin-key's eighth-largest bank before a March
        Reuters  -  107 words
      • 75 14 Bloomberg [CANBERRA] Australia's government may shift its entire Telstra stake into an investment fund rather than selling it, Finance Minister Nick Minchin said, as shares in Australia's biggest telephone company hit a record low. "If we don't sell all our shares, we
        Bloomberg  -  75 words
      • 116 14 AP [TOKYO] Prime Minister Junichiro Koizumi on Monday defended his visits to a Tokyo war shrine that's criticised for glorifying Japan's militaristic past, and chided the leaders of China and South Korea for refusing to meet with him. The Yasukuni Shrine honours 2.5 million war
        AP  -  116 words
    • 479 14 LATEST US DATA Bloomberg [WASHINGTON] Consumer confidence in the US economy jumped in March to the highest level in almost four years, driven by a strengthening labour market that is lifting incomes and giving Americans the means to spend. The Conference Board's confidence index rose
      Bloomberg  -  479 words
    • 340 14 Reuters [PARIS] French trade unions began a oneday national strike yesterday to try to force conservative Prime Minister Dominique de Villepin to abandon a new job law that makes it easier to fire young workers. Commuters faced delays on public transport and
      Reuters; REUTERS  -  340 words

  • Page 15 Advertisements
    • 1260 15 C& NOTICFS JL A Lj Toll free: 1800 289-8822 Email: notices@sph.com.sg BUY IT-SELL IT FIND IT ■miM. iTTtfTTI Colorland Animation Ltd. NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held at 105 Cecil Street #12-01 The Octagon Singapore
      1,260 words
    • 1007 15 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF CAV-FLO CORPORATION PTE. LTD. (Company Reg. No. *****2030R) (In Creditors' Voluntary Liquidation) STATUTORY DECLARATION OF INABILITY OF COMPANY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES AND THAT MEETING OF THE COMPANY AND ITS CREDITORS HAVE BEEN
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    • 2349 15 C^MATW INDUSTRIAL COMAT INDUSTRIAL LTD. (Incorporated in the Republic of Singapore) (Co. Reg. No. *****0428 C) NOTICE OF SECOND ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of Comat Industrial Ltd. ("the Company") will be held at River View Hotel Singapore, Orchid Room, 382 Havelock
      2,349 words

  • WORLD
    • 357 16 Many customers have systems that don't need replacing: IDC AP [FRAMINGHAM, Massachusetts] The personal computer market's rapid growth will slow in the next few years because a recent rebound in computer replacements has left many customers with systems that won't soon need replacing, according
      AP  -  357 words
    • 532 16 AFP [NEW YORK] Tick, US$2O,OOO, tock, another US$2O,OOO. So rapid is the rise of the US national debt that the last four digits of a giant digital signboard counting the moving total near New York's Times Square move in seemingly random increments
      AFP  -  532 words
    • 6002 16 UNIT TRUSTS FUNDS ACMGI Amer Income B USD 8.64/ ACMGI Amer Income A EUR 72/ adm 4m y-, ACMGI Amer Income B EUR 7.2/ 0927/ ACMGI Europ Income Opp AT SGD. 14.93/ Star Europe Bond 1 ?sg/ ACMGI Europ lncome 0pp BT SGD 1 sSESEeT MS ACMGI Europ Income Opp
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  • Page 16 Advertisements
    • 41 16 mi- A I AllianzGl Global Internet Fund Winner of the Sector Allianz (fii) I Best Equity Sector Information Technology Fund over 3 Years* cloba i The Edge Lipper Sinqapore F unci Awards 2005 B 3 1 K company regn no *****7169Z
      41 words

  • MOTORING
    • 591 17  -  Powered by all-new IS250, sales are forecast to add 15% to Borneo's profit By SAMUEL EE LEXUS expects a 13 per cent jump in sales contributing 15 per cent to Borneo Motors' profit this year as the new ***** powers total volume
      591 words
    • 879 17  -  By SAMUEL EE AUTHORISED Mercedes-Benz distributor Cycle Carriage seems to have hit on a unique way to generate traffic into its new showroom as well as make some money from it. The Mercedes-Benz Centre on Alexandra Road is not only being used to
      879 words
  • Page 17 Advertisements
    • 102 17 Diners Club Card r«> «„>/»,*,//64i 6 0980 a World of Exclusive Privileges Treats Diners www.Jiners.com.sg international Ijtll hotel mmbwMK'^ II to Bresßtmh Road sMnon tB9Bag |gS p:+6B 8338 8333 «fc+6s *****280 f:+6B *****266 «mtaurantsOcafltonhoM .sg www.carHorvhoW.nat Mama Africa Restaurant Wine Bar DiyrßßntfT Stewords Riverboat aM Far East Square #01 -01,
      102 words

  • AVIATION
    • 602 18 Group says it is considering investing in airports in China Reuters. AFP [LONDON] BAA, the British airports operator which has been the subject of recent takeover bids, said yesterday that it expected passenger growth for its seven airports in Britain of just
      Reuters.; AFP; BLOOMBERG  -  602 words
    • 307 18 AP [BRUSSELS] The European Union hopes to get a preliminary EU-US "open skies" air services agreement in the first half of the year, an official said on Monday. The talks are currently on hold until Washington provides details on how it
      AP  -  307 words
    • 269 18 Reuters [HONG KONG] Cathay Pacific Airways Ltd, Hong Kong's dominant carrier, and other airlines will lower passenger fuel surcharges by up to 3.4 per cent with effect from April, the first cut since the costs were imposed last June. Still, the Civil Aviation Department said
      Reuters  -  269 words
    • 230 18 Bloomberg [NEW YORK] Boeing, the world's second-largest commercial aircraft maker, will build a stretched version of its 787 jetliner that seats about 300 passengers, spurred by demand from customers including Emirates Airlines. "It's not a matter of if, but when we are
      Bloomberg  -  230 words
    • 420 18 AP [SHANGHAI] Two of China's newest airlines, private carriers Okay Airways and the Junyao Group, say that they have agreed to share personnel, routes, marketing as well as management expertise as they struggle for footing in the intensely competitive, fastgrowing market. The
      AP  -  420 words
    • 2171 18 grr fuwh m man «TP AI4SO 0740 AMSI 1625 IC859 0805 SQ406 1855 AfcuOfcahl ***** 1300 DMpHKldi SQ141 1145 SQ142 0935 AMaMto LH9771 1750 Uf9770 2W5 SOU3 1535 S0146 1640 SQ230 1750 S0229 2345 GA840 1640 GA841 1755 Ii— S044T~0825 A***** 1805 5Q148 1900 fl—fl l1»m
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  • Page 18 Miscellaneous
    • 235 18 CRYPTIC CROSSWORD 10 A hostile measure (3-5) PPLZ|lllHZZ|lfl[ZjH 17 Work of art produced from 25 Pinches tin opener set askew 28 Telephone-receiver will pro- Lh| Lh ImJ vide a form of protection (4,5) DOWN (4) YESTERDAY'S SOLUTION 1 Ilwqf the Part 14 Ex P' osive artide found in Across: 1
      235 words

  • SHIPPING
    • 469 19 Ships built under new rules will be costlier as they will require more steel Bloomberg [SINGAPORE] Shipowners are rushing to order oil tankers from yards including South Korea's Hyundai Heavy Industries Co before stricter design rules come into force on
      Bloomberg; BLOOMBERG  -  469 words
    • 481 19 AP [WASHINGTON] The Bush administration will negotiate to station American customs inspectors at the largest seaport in the Bahamas, where the United States is hiring a Hong Kong conglomerate to help detect nuclear materials inside cargo, a senior customs official said
      AP  -  481 words
    • 301 19 AP [TOKYO] Japan should implement a system to screen US-bound shipping containers for radiation to guard against so-called "dirty bombs" and other potential terrorist attacks, US Homeland Security Secretary Michael Chertoff said yesterday. Mr ChertofT told reporters at the US Embassy that other
      AP  -  301 words
    • 584 19 ANALYSIS Reuters [SINGAPORE] The emerging derivatives market for shipping freight rates may struggle to match industry hopes for exponential growth as long as smalland medium-sized shipowners remain reluctant to manage future risks. The market for Freight Forward Agreements (FFAs) has expanded
      Reuters  -  584 words
    • 142 19 Bloomberg [HONG KONG] China Shipping Development Co, the nation's biggest oil carrier, has posted al3 per cent jump in second-half profits on increased shipments of oil and coal to meet demand in the world's fourth-largest economy. Profits rose to 1.09
      Bloomberg  -  142 words
    • 717 19  -  STRAIT TALK By DAVID HUGHES SOMETIMES, it is a cruel and wicked world and no doubt there will be some in this industry who will have had trouble suppressing a gloating smile when Sweden's Wallenius of all people, or at least its Singapore-based subsidiary, pleaded
      717 words
    • 290 19 SGX '000 Mr 28 SS W- Vol CH Offshore.. 0.41 unch 3032 ChuanHup 0.34 -0.01 2506 Cosco Corporation 1 24 0.01 1621 CWT Distribution 1.04 0 01 59 Ezra Hldqs 2.56 -0.03 391 Freight Links 0.06 0.01 320 Grand Banks Yacht 0.90 unch 2 Java Holdings 1.30 0.01
      290 words

  • EDITORIAL & OPINION
    • 514 20 EDITORIAL IN A surprise announcement earlier this month, India's Prime Minister Manmohan Singh mooted making the Indian rupee convertible on the capital account. Subsequently, the country's finance minister, P Chidambaram, revealed that the move towards rupee convertibility was originally to have been announced in the
      514 words
    • 756 20  -  THE BOTTOM LINE FRANK CHING THE visit of Russian President Vladimir Putin to China marked yet another step in the two countries' move towards closer economic and political relations in a 10-year-old effort to form a "strategic partnership of cooperation". During Mr
      756 words
    • 1241 20  -  Political freedom moderates the tempo and direction of economic reform YOGI AGGARWAL INDIA'S noisy and sometimes messy political system has been something of an enigma for most outsiders. How can such a poor country, with so many languages, religions, mix of races and cultures
      REUTERS  -  1,241 words
    • 1478 21  -  Despite promised goodies, abuse of farmers' rights and corruption seen to continue By TAN JIN SAN THE gap between the rich and poor in China is growing alarmingly, prompting the government to concentrate spending on the rural areas, but is it enough? In
      AP  -  1,478 words
    • 757 21  -  By CHRIS BUCKLEY Reuters CHINA'S rural bureaucrats have often been cast as corrupt and uncaring villains as discontent flared across the countryside, but a rare new expose by a local official offers a harshly candid defence of their ways. Gu Wenfeng has written Extraordinary Confessions,
      Reuters  -  757 words
    • 384 21  -  LETTERS TO THE EDITOR Narayana Narayana Singapore I REFER to your commentary, "What investors can expect from CAO" (BT, March 25-26). With the company's re-listing on the exchange today, small shareholders will await with a lot of trepidation as well as
      384 words
    • 415 21  -  Ronald Tan Singapore TODAY will seem like any other day to most Singaporeans but for Singapore's tourism, it will be a truly great day. When the bids close today for the integrated resorts (IR) requests for proposals (RFP), and the winner
      415 words

  • Page 21 Advertisements
    • 102 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times,SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel laws.
      102 words

  • 10449 22 SGX MAINBOARD Transaction date: Mar 28 £L Last Quote GrOtv Drv GrYld Net MCap High low Code Company Sale W- (000) High Low Buyer Seller Cvr P/E SnS 5 1 5716 1st Software 5c 2 +0.5 229 2 1 5 1 5 2 m 18.5 6 3148 8TelecomUS2c
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  • Page 22 Advertisements
    • 35 22 Trade from 20% deposit (5 x leverage) on most stocks Go long or short Competitive financing rates in aN markets Access to Asian, US, Euro stocks Select Exchange Draded Funds and Indices Competitive Commission charges
      35 words

  • 6119 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy yr dy %yr Mar 27 Index Change Change Change Change Change Change The World Index Preliminary 1020.9 -0.4 5.3 -0.4 3.1 -0.2 5.9 t EAFE Preliminary 1038.5 -0.5 6.7 -0.3 S 2 -oT
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  • Page 24 Advertisements
    • 790 24 > NYK GROUP SOUTH ASIA PTE LTD kTVV rw> TEL: 6295 0123 fZv'S J^ tM: rJ^^uiStJt INE c^NOM27^SS^ sa^s)/6239 7109(OPSy*****785(Documentaton) Destination Destination SA PARAD,SE BfflS HANJIN HOUSTON VCB/ VCW/IWMZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia middle-east service 1 1 p. 7- ■""~i F.E./S.E.A. SERVICE Destination PAN DYNAMIC
      790 words
    • 159 24 pi DONGNAMA LINE CONTAINEmtID SIHVICE New ,FIX Service W.E.F April 2006 Every Monday Port Kelang Penang Mundra Nhava Sheva Every Sunday Hong Kong Chiwan Inchon Kwangyang Pusan SPORE AQEffT: DONGNAMA SHIPPING (S) PTE LTD. CI KO **********0E MX KEG *****5267K MAIN: *****711 FAX *****750/*****537 EXP FAX: *****371 IMP FAX: *****594
      159 words
    • 796 24 IINTMASIA ROUP SiHVtCt VBSa/VOY RAMPffT) HBGHTtm IKG KCH U I SIN 1 JKT STRAITS VENTURE 06/06 15 3.2 06/04 09/04 20/04 23/04 25/04 STRAITS VENTURE 07/06 15 3.2 27/04 30/04 04/05 07/05 09/05 STRAITS VENTURE 06/06 15 3.2 11/05 15/05 18/05 21/05 23/05 lAUSTHAUAN ROUP SMVICi .J vKsa/vor I rawpqcd
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  • Page 25 Advertisements
    • 1758 25 WAN HAI INTERNATIONAL PTE LTD. a NO: **********0/R V\m\wAN HAI LINES Y V WTWI lIHI fia18:(03)3346UUMX:(03)*****218PWTH:(04)*****00 FlUt |04)229tMf Y JOH 1H: (07) *****23 FA* (07)25]»»21 SUR TEL: (031) *****7S MX: (031) *****14/ 32*1305 www wonkoi mm <n KTIH: (021) S2S4IM MX: (021) S2S47M PUN IB: 7)6310/*****1 HUt *****9 WTI: (061)
      1,758 words
    • 2114 25 VESSEL VOY SIN iKT WIP WIS VESSEL VOY SIN JKT SUB HKG USN PUS HANJINPOHANG 0302t 31/3 2/4 t/4 12/4 KMTCSINGAPORE iwT l/T 5/4 6/4 TT/T 15/4 "u/T HAWJIN SEOUL Q3OOW 7/4 9/4 15/4 19/4 KMTC KEELUNG 604S 9/4 11/4 13/4 l/T 22/4 23/4 VESSEL VOY SIN NS* JtA VESSEL
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  • Page 26 Advertisements
    • 1639 26 HNordana (Asia) Pte Ltd SSZ' Marina Hovsb Stnggpft *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES VESSEL 1 VOY \v-rr- 1 Fre—rth I Cotes Idwd I I Jakarta I Ckfiitwos H—^ 1 Posir "■1 [foul hyw —!M2 1 QlMs! LUtai llltai I
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    • 371 26 i BSA ik MYANMA ■n FIVE STAR LINE (Myanaar National Line) Loading for Yang or Vissa VOY SIN PKL PIN PGO QOM SHWE HAW 90W SID PAGAN 349W SU> IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL/PKI: 03-*****3 M PEN: 04-*****15 ACCEPTING CONVENTIONAL C6O VESa VOY WG SIN PKL mamkbwbi 33 sio
      371 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6872 27 This r* A*jtrta«r Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIM Desfn Name Name Number Number SIN Oestn Name Name Numtwr Number ABim.u,,,,,,™, 11/04 50/04 Eurasia P KOTA W1SATA 34 *****673 TO ABIDJAN (ABJ) 2003 Cote D Ivoire 15AM 06/05 Eurasia P
      6,872 words

  • EXECUTIVE MONEY
    • 1522 28  -  <tax@kpmg> ENG MENG LEONG looks at some of the trusts highlighted in the recent Budget and the incentives offered to investors ENG MENG LEONG SINGAPORE is pressing on with the upgrading and restructuring of its economy. Singaporeans received a positive Budget statement on Feb 17
      1,522 words
    • 528 29  -  By GENEVIEVE CUA HSBC Investments will roll out a global emerging market equities "freestyle" fund next week, a concept that Nick Timberlake, head of emerging equities for HSBC Halbis Partners, claims is "better than" the BRIC concept. Freestyle refers to a range of funds by
      Source: HSBC  -  528 words
    • 877 29  - CFDs a product that suits retail investors INVESTING WITH A DIFFERENCE R SIVANITHY details its advantages and recaps its key features R SIVANITHY OVER the past 12 weeks, this series has given investors details on a relatively new product in the Singapore market called Contracts for Difference (CFDs) a product
      877 words
    • 828 30  -  GENEVIEVE CUA Domicile becomes pivotal with competing claims on a will. GENEVIEVE CUA reports IT is almost standard advice that individuals with homes in more than one country and substantial assets should do more than just write a will. They should also
      828 words
    • 334 30  -  By Chua Boon Lee, Standard Poor's Associate, Fund Services AS the popularity of real estate funds continues to soar, we thought it timely to review the performance of the four global properly funds in the Singapore universe and re-visit the historical performance of the
      334 words
  • Page 28 Advertisements
    • 462 28 FRANKLIN TEMPLETON YEARS IN SINGAPORE TON 1 ferON TOS gfciSTMENTS c/aSe: fk Sfe^^fcI 111 i P1 II HME& ""aMIKF-- ■L py '*^%giQ£^ Wfondate: 28 October ias6 iuioaM, :<•* If |U»toll-lipl'*i NteMA^W QTvestm.m' u value ißvesun^ ™Fi' e Bfc><%NWKw min 1 wift f f* artw-cAma. J*'»'»«" jh IWM SAVOUR THE FRUITS
      462 words

  • Page 29 Advertisements
    • 584 29 nftQ J IrflK jU IA IV/^H T^RI [«iB Lafeil Built for pH high yields. mwam Invest in exciting Asian UTOH rea estate shares and REITs Tll|mSHVVl Enjoy potential regular income *BeSsXBIBJ (minimum total dividend payments of 8% of Initial Issue ftjSfl MKjjBjBJ Price 1 per Share in the first year
      584 words