The Business Times, 23 May 2006
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2006-05-23
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The Business Times
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Title Section15 2006-05-23 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Tuesday May 23,200615 words
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630 2006-05-23 1 WONG WEI KONG - Scramble in financial markets to lock in profits as volatility rises By WONG WEI KONG [SINGAPORE] Singapore shares extended their slide yesterday, as heavy losses by Indian stocks led Asian markets lower. Commodities and regional currencies also fell, with the Asian weakness extending630 words
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1044 2006-05-23 1 ANNA TEO - By ANNA TEO [SINGAPORE] Prime Minister Lee Hsien Loong's new team builds on what was already there, with minimal changes at the Cabinet level and the renewal efforts focused on the junior rungs featuring fresh blood with private sector1,044 words
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Article132 2006-05-23 1 STI 2,416.69 (-7729) ST INDEX FUTURES 2,417.00 (-78.00) simso ***** (-9.22) SIMSO FUTURES 287.70 (-9.50) MARKETS Monday Change KLSECOMP 925.51 -1189 NIKKEI 225 15,857.87 -297.58 HANG SENG 15,805.52 -507.84 SETINDEX 724.44 -21.89 JAKARTA COMP 1,309.05 -83.94 MANILA COMP 2,357.98 +1.96 SEOUL COMP 1,338.59 -33.70 SHENZHEN B 314.96 +0.02132 words
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Advertisement40 2006-05-23 1 WT2' THAILAND Thaksin resumes ljjj\ PM duties; stocks dive Sensex plunge forces 1-hour trading suspension pg 20 Commentary: The action on the S'pore market PG 10 S'pore interest rates seen staying flat till year-end PG 4 111 8 *****1 *****440 words
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Advertisement7 2006-05-23 1 COMPANIES Cosco shipyards wow the world PG67 words
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Advertisement32 2006-05-23 1 gasan SMESPOTUGHT ■P "TP Da Vinci Holdings' publicity blitz PROPERTY Recent launches see encouraging sales PG 31 Full list of office holders, PG 12 ir coZ/on Ajiovcinm RAYMOND WEIL VP GENEVE www.raymond-weiI.com32 words
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TOP STORIES
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Article, Illustration609 2006-05-23 2 OUR CORRESPONDENT - By OUR CORRESPONDENT in Bangkok THAI equity markets took a beating yesterday soon after the announcement by Thaksin Shinwatra that he was going to assume his duties as Prime Minister. Dr Thaksin, who on April 4 announced that he was going to take609 words
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Article, Illustration724 2006-05-23 2 Bidding war with Deutsche Boerse likely as Euronext board mulls offers Reuters, Bloomberg, AP [PARIS] The New York Stock Exchange unveiled an eight billion euro (5516.3 billion) share and cash bid for Euronext, opening the way for a possible bidReuters,; Bloomberg,; AP; AF - 724 words
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Article480 2006-05-23 2 S'pore consumption taxes are lowest in region SINGAPORE has the region's lowest taxes on consumption, while the highest are in China and India, according to PricewaterhouseCoopers. Consumption taxes are also growing in popularity as they allow governments to increase revenue collection without stifling growth in business. TOP STORIES,480 words
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695 2006-05-23 4 WONG WEI KONG - Businesses stepping up focus on indirect tax strategies to maximise profitability: PwC By WONG WEI KONG [SINGAPORE] Singapore has the region's lowest taxes on consumption, while the highest are in China and India, according to a new report from PricewaterhouseCoopers (PwC). Consumption taxes695 words
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272 2006-05-23 4 AP [HONG KONG] Bank of China, in which Singapore investment company Temasek Holdings has a stake, had to print an extra 100,000 copies of its prospectus and one million more subscription forms for its US$9.9 billion initial public offering nextAP - 272 words
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Article, Illustration612 2006-05-23 4 SIOW LI SEN - Domestic consumption weak, loans growth slow By SIOW LI SEN [SINGAPORE] Singapore interest rates have not moved much since January in contrast to the volatile stock market. And economists are predicting that rates will hover around current levels until the end ofSource: Bloomberg - 612 words
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Advertisement416 2006-05-23 2 THE MONETARY AUTHORITY OF SINGAPORE J& |W I I TENOR APPROXIMATELY 5 YEARS TOTAL AMOUNT OFFERED SGD 1,100,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT NIL (NON-COMPETITIVE) ISSUE CODE NXOIIOOH (REOPENED) ISIN CODE 5G********** ISSUE DATE/SETTLEMENT DATE 1 JUNE 2006 MATURITY DATE 1 JULY 2011 COUPON RATE 3.625% P.A416 words
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Advertisement7 2006-05-23 2 people Give yourself a break. Call us.7 words
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Advertisement450 2006-05-23 3 iH I r M I II B Wm&m mm H36 Hob x jn mm I -i I I 1 BP to f fl Pvjs 1 f 5MJ4-V £2 Creative Resource Suntec Towei 'I o.... c*. F=~^f W A;A Tampmes W Fat Eas* Square Harboorfront To «er Marsh i We understand450 words
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Advertisement154 2006-05-23 4 1 hi. it Mt4M> m I HBaXaa fc m m 1 imWjj yypßy^j M Ss ,Ihl \lBmbi H bkk^B^i m^i .<• i B| «m| x—* i—> i lIV I THE ARCHITECTS OF TIME THE ARCHITECT SERIES Ebel proudly honors the legacy of Oscar Niemeyer and supports the vision of timeless154 words
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Advertisement187 2006-05-23 4 ..MB" 1. —TWB, < IQH Mliiimmi Enjoy great discounts atthe^^^^^ Thailand Grand Sale, 15 June 15 August 2006. Special tour packages and discount booklets available at authorized agents. Be Our Honoured Guest In 2006, come celebrate with us in a Grand Festival of Events to commemorate His uflH Majesty King187 words
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Advertisement454 2006-05-23 5 THAI BEVERAGE PUBLIC COMPANY LIMITED V r (Registered in the Kingdom of Theitsnd as a public company with limited liability, registration number **********342) Thailand's leading alcoholic beverage producer ne Southeast Asia's leading brewers and distillers Kfl Ifl Hbi^^^HßP^*'^]S^- f Jp yifc j* \^HI r^' 1 J I v F i454 words
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COMPANY NEWS
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Article, Illustration665 2006-05-23 6 CONRAD RAJ - The group's yards in China outdo its rivals' in terms of size and capacity Reports by CONRAD RAJ A VISIT to the Cosco group's shipyard in the northern Chinese port city of Dalian is bound to be a rude awakening for rival shiprepairers, especially theFILE PHOTO - 665 words
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314 2006-05-23 6 SEMBCORP Marine, the world's second largest builder of offshore oil rigs, plans to buy over parent Temasek Holdings' 5 per cent stake in Cosco Corporation (Singapore) for some $120.34 million. The purchase from Temasek's wholly owned subsidiary, Seletar Investments, will raise SembMarine's314 words
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Article, Illustration420 2006-05-23 6 ANGELA TAN - Exercise enlarges firm's capital, raises $12.8m By ANGELA TAN FASHION retailer FJ Benjamin said yesterday that Raffles Investments part of the Tecity Group of companies founded by late banker Tan Chin Tuan has become a major shareholder with a 9.1 per cent stake.FILE PHOTO - 420 words
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412 2006-05-23 6 Bloomberg STARHUB Ltd, the second-largest phone company in Singapore, is seeking a loan of as much as $700 million, bankers asked to bid said. The firm may use the funds raised to return cash to shareholders via a share buyback orBloomberg - 412 words
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605 2006-05-23 6 EDDIE TOH - HOCK LOCK SIEW By EDDIE TOH MMC Corporation is set in one feel swoop to become one of the biggest independent power producers in Malaysia. Last week, MMC controlled by Malaysian tycoon Syed Mokhtar Al-Bukhary said it will take its associate company Malakoff605 words
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459 2006-05-23 8 RONNIE LIM - Semb Utilities and French rival told to rebid for power plant privatisation By RONNIE LIM AFTER earlier indicating it was all set to award SembCorp Utilities a US$l.7 billion deal for a power/desalination plant privatisation project, the Abu Dhabi authorities have done an459 words
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Article151 2006-05-23 8 SHARES of newly listed China-based Link Hi Holdings, a maker of steel tubes used in the motor, oil and gas industries, yesterday defied the market's overall weakness, ending 56 per cent above their initial public offer price. The shares started trade at 38151 words
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Article, Illustration450 2006-05-23 8 NANDE KHIN - Chinese school operator offers 33m shares at 35¢ By NANDE KHIN EDUCATION management services provider Oriental Century aims to raise $7.5 million net proceeds from its initial public offer here as it seeks to set up more senior high schools and kindergartens450 words
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314 2006-05-23 8 SIM PING KHUAN - By SIM PING KHUAN POTATO-processor China Essence Group yesterday reported a strong set of fullyear results, with a 20 per cent increase in net profit to about 127 million yuan (5525.1 million). The company, listed this February, recorded a 24314 words
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368 2006-05-23 8 KRITI SINGH - By KRITI SINGH INDIA-BASED pigment and agrochemical manufacturer Meghmani Organics the only Indian company listed on the Singapore Exchange mainboard yesterday reported a 20.1 per cent rise in net profit for the financial year ended March 31. And group managing director Ashish Soparkar368 words
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Article, Illustration431 2006-05-23 8 UMA SHANKARI - By UMA SHANKARI CHINA Milk, perhaps best known for pedigree bull semen, yesterday posted an encouraging maiden set of earnings following its listing on the Singapore Exchange on March 13. China Milk said that net profit for its 2006 financial year ended431 words
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424 2006-05-23 11 GRACE CHONG - CITIRAYA TRIAL Lengthy examination of documents marks yesterday's hearing By GRACE CHONG ACCOUNTS clerk Joanna Aw Meng Choo, accused of helping to falsify accounts at Citiraya Industries, was merely taking instructions and using information in spreadsheets issued by the e-waste recycling company's then assistant424 words
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281 2006-05-23 11 RESTAURANT owner Tung Lok Restaurant (2000) Ltd yesterday reported a swing back to net profits for the fiscal year 2006 and warns of continued competition this year. Tung Lok, which runs My Humble House and the Noble House, enjoyed a net profit281 words
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COMPANY BRIEFS
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Article47 2006-05-23 11 AIROCEAN Group director Johnson Chong Keng Ban has resigned, effective yesterday. The company also said that executive directors Thomas Tay and Irene Tay shall report to executive chairman Janet Tan. In addition, they will assume the title of president for their respective portfolios.47 words
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39 2006-05-23 11 HIAP Seng Engineering has reported a six-fold jump in net profit to $5.6 million from $957,000 a year ago. Turnover for the year ended March 31,2006 rose 62.8 per cent to $110.8 million.39 words
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35 2006-05-23 11 CSC Holdings yesterday reported an 81.1 per cent increase in net profit to $3.8 million. Revenue for the year ended March 31, 2006 grew 39.4 per cent to $107.3 million.35 words
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67 2006-05-23 11 CHINA Motion Telecom International said that a capital reorganisation and other resolutions were passed at a special general meeting yesterday. The capital reorganisation will take effect today and trading in the new shares will begin today. The company posted an increased loss of67 words
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40 2006-05-23 11 SURFACE Mount Technology (Holdings) reported a 16.4 per cent drop in Q4 net earnings to HK$2B.3 million. Net profit for the year ended March 31, 2006 dipped 2 per cent to HK5130.2 million.40 words
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Article45 2006-05-23 11 GES yesterday said it has produced two million point of sale systems products for IBM, marking a milestone in its 14-year collaboration with the US company. To date, GES has shipped about US$l billion worth of products to IBM.45 words
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31 2006-05-23 11 REGIONAL shipbuilder Pan-United Marine Limited has clinched a U5549.5 million contract to construct a specialised offshore support vessel with a 180-m diving support at its Batam shipyard.31 words
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325 2006-05-23 11 Reuters CONTRACT chipmaker Chartered Semiconductor Manufacturing Ltd started making microprocessor chips for Advanced Micro Devices Inc this month and will begin shipments as early as July, an industry source told Reuters. US-based AMD competes with larger rival Intel Corp, the world'sReuters - 325 words
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Advertisement536 2006-05-23 7 INITIAL PUBLIC OFFERING A Provider of Education Management Services I w I iI 1 >.■ -i* f I I i M fc iii > -i J^4#i|^S^'a&i?'P MP*.-: Jifl jv* i -4. ?stffe^^^;&3pkkfr. I. H J y 'M iErShhS W M IF' V 1 *f ly^r^f I I I m*''''? I536 words
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Advertisement203 2006-05-23 8 Calling all beefeaters! Sink your teeth into flavourful, succulent cuts of beef with a melting tenderness. Smack your lips when you hear what awaits you: Roasted sirloin with black pepper sauce, Hungarian beef goulash in sweet paprika sauce, stewed ISSP* beef with beer, grilled beef ISHHt* B&k--skewers all accompanied with203 words
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Advertisement27 2006-05-23 8 Sizzling Rock 51 51A Boat Quay, Tel: 6534 2531 1-for-1 main course (valid for lunch only) Only when you charge to your Diners Club Card T&C Apply27 words
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Advertisement32 2006-05-23 8 Wiener Kaffeehaus 148 Neil Road (near Outram Parle MRT), Tel: 6226 3148 tflw rrrfiAiii tote Mil (valid for dine-in only) —B Only when you charge to your Diners Club Card. T&C Apply.32 words
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Advertisement192 2006-05-23 9 m^xa 1 li\ t Globally tl i Jm h .1 1 i 111 i i m s i ®bbb® fc H -S3 I I f ;S IC^^'CIIII I gjgSm I Qll"^V I m jMM U rjuMKM M Ti Sct f w a m mi ""'^B|' M»-. #/77r11W M >-<-~ CELEBRATE192 words
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SINGAPORE MARKETS
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Article, Illustration555 2006-05-23 10 VEN SREENIVASAN - STOCKS ST Index sinks 3% as major blue chips drop to their lowest levels in over two months VEN SREENIVASAN Senior Correspondent IF YOU thought the worst was over and the market was ripe for some bottom-fishing, think again. The Singapore market retreated another 3.1Souce: Bloomberg - 555 words
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Article, Illustration1033 2006-05-23 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on May 22 and eariier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ BuyI Shares Per Before After Stock Date Director Sell '000 Shr ('000) ('000) FJ Benjamin 22-May-06 Kambau Pte Ltd *OE ***** 0.45 0 0.00 ***** 9.09 FJ Benjamin 22 May-061,033 words
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Article, Illustration1009 2006-05-23 10 UMA SHANKARI - Compiled by UMA SHANKARI HG Metal May 22 dose: 32 cents KIM ENG RESEARCH, May 22 WE ARE raising our FYO6 earnings estimates by 55 per cent to $9.5 million but maintaining our revenue projection of $367 million. This is to factor in the recovery in steel priceSource: Bloomberg - 1,009 words
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Article, Illustration524 2006-05-23 10 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent ANOTHER sharp sell-off in metals sparked a series of risk aversion trades which made a painful impression on stock and currency markets from Jakarta to Johannesburg yesterday. Gold and copper prices tumbled 6 per cent and moreSource: Reuters - 524 words
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Advertisement97 2006-05-23 11 Our qualified professionals J can assist you with offshore I structures, shelf companies and incorporations in ALL jurisdictions including: British Virgin Islands Cayman Islands Bahamas Mauritius (■■■■■H Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate97 words
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Advertisement182 2006-05-23 11 Credit Agricole Private Bank Imagine a private bank that combines strength and dedicated service Backed by an extensive international network and the significant leverage that comes with being a member of the world's sth largest banking group*, Credit Agricole Private Bank is a frontrunner in personal wealth management. To protect182 words
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SINGAPORE NEWS
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425 2006-05-23 12 UMA SHANKARI - Former CEO TT Durai granted extension till end of May to do the same By UMA SHANKARI THE two trials the National Kidney Foundation (NKF) is embroiled in continued to move forward albeit slowly yesterday. In the civil suit filed by425 words
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399 2006-05-23 12 UMA SHANKARI - Plaintiffs will seek judgement if it does not respond By UMA SHANKARI LAWYERS acting for Prime Minister Lee Hsien Loong and Minister Mentor Lee Kuan Yew have served notice giving the Singapore Democratic Party (SDP) two working days to file a defence to399 words
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SINGAPORE ROUNDUP
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86 2006-05-23 12 THE Monetary Authority of Singapore (MAS) and the International Monetary Fund will host a high-level seminar on Asian regional financial integration in Singapore on Thursday, the MAS said yesterday. Finance ministers, central bank governors and senior officials from 13 Asian countries and the86 words
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52 2006-05-23 12 AG appointed MAS director I J" I .J** ATTORNEY-GENERAL Chao Hick Tin has been appointed a director of the Monetary Authority of Singapore (MAS) with immediate effect, the authority announced yesterday. His term of appointment will end on Dec 31,2007. Lee Seiu Kin left the MAS board with effect from52 words
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60 2006-05-23 12 JTC Corporation has launched the tender for the sale of an industrial land parcel at Serangoon North Avenue 4. The land, which measures 2.92 ha and which has a maximum permissible gross plot ratio of 2.5, will be sold for Business 1 development. The60 words
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75 2006-05-23 12 UNITED Nations Undersecretary-General for Political Affairs Ibrahim Gambari visited Myanmar from Thursday to Saturday and met Aung San Suu Kyi, Singapore's Ministry of Foreign Affairs said yesterday. The MFA said it hoped Myanmar would work with the international community, which includes the UN75 words
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Article, Illustration314 2006-05-23 12 MINISTERS Lee Hsien Loong Prime Minister Finance Minister S Jayakumar Deputy Prime Minister Coordinating Minister for National Security Minister for Law Lee Boon Yang Minister for Information, Communications and the Arts Lim Hng Kiang Minister for Trade Industry Yàcob Ibrahim Minister for the Environment and Water Resources314 words
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412 2006-05-23 13 LESLIE YEE - Strong economy also lifted credit card billings by 17% in Q1 this year By LESLIE YEE BASED on preliminary figures, the government's in-come-tax take for 2005 was $12.66 billion, up $2.44 billion or 24 per cent from 2004, according to the Monetary Authority412 words
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219 2006-05-23 13 Xinhua SINGAPORE'S domestic and foreign wholesale trade indices grew 7.5 per cent and 15.4 per cent respectively in the first quarter of 2006 in comparison with the same period last year. According to the figures released by the Singapore Department of Statistics yesterday, theXinhua - 219 words
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182 2006-05-23 13 MORF Singaporeans are eating the recommended two servings of fruit and two servings of vegetables daily. According to a national survey, although the proportion of Singaporeans meeting their vegetable intake doubled from 15 per cent in 1998 to 43 per cent 2004, the fruit182 words
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Article, Illustration344 2006-05-23 13 KALPANA RASHIWALA - Price tag of $80.5m to $83.5m expected By KALPANA RASHIWALA A 69,189 sq ft freehold site in the Chatsworth Good Class Bungalow (GCB) area has come on the market with an expected price tag of $80.5 million to $83.5344 words
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Advertisement167 2006-05-23 12 I' 4 1 Good morning S'nnrp WHATS IN STORE Fiinr, HFBa niiit^ Son* Connect with Bond with the Beautiful the girl thing... people in your life... peo|) e sexless hi the city hits in 3 Snap! \ff iy| Young, single and available... She's hitched Be seen heard SIMONE HENG and167 words
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Advertisement21 2006-05-23 12 IS?: Inviting tenders? Call 1800 289 8822 or email noticcs@sph.com.sg to book your tender notice in our newspapers now. NOTICES a21 words
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Advertisement181 2006-05-23 13 ■fcjjUjL Terms Conditions Prices stated are per person for a round trip on First or Business Class to Europe tor travel out of Singapore from 1 May '06. The return travel and hotel stay must be completed by 30 Oct '06 Bookings are to be made from 1 May-30 Jul181 words
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SME spotlight
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Article, Illustration825 2006-05-23 14 JURENA CHAN, SIM PING KHUAI - What's the connection between Dan Brown and a Singapore luxury furniture dealer? JURENA CHAN and SIM PING KHUAN find out JURENA CHAN, SIM PING KHUAI DA VINCI Holdings is not, as a stranger might guess, a company set up to exploit the latest worldwide marketingARTHUR LEE - 825 words
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Article5148 2006-05-23 14 UNIT TRUSTS FUNDS ACMGI Amer home A EUR 6.62/ ACMGI Amer Income B EUR 6.621 U|J ULIJ ACMGI Euop Income Opp AT SGD 15.25/ AM Amro Asset Mgt (S pore) ACMGI Euop Income Opp BT SGD 15.2V S fUS ?-?ra ACMGI Europ Income Opp AT EUR 7.53/ J"* ACMGI Euop5,148 words
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Article, Illustration682 2006-05-23 15 NOOR AISHA - With a strong foothold on the competitive bottled water market in Singapore, the company is eyeing newer overseas markets, writes NOOR AISHA NOOR AISHA THIRSTING for a convenient, healthy and tasty beverage? Local company Wanin Industries thinks it has the answer to your needs.ARTHUR LEE - 682 words
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Article, Illustration593 2006-05-23 15 BRYNA SIM - Lack of a marketing industry seen as a problem in Singapore By BRYNA SIM MARKETING and branding these were the buzzwords that were bandied about during the joint BlueskyGreenfield networking event held last Tuesday at the red dot design museum. Organised by the Action593 words
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Article, Illustration917 2006-05-23 16 NANDE KHIN - SMALL CAPS The phone keypad maker's earnings growth is proof of the success of this strategy, writes NANDE KHIN NANDE KHIN NOW that its strategy of courting multinational corporations is starting to pay off, China-based mobile phone keypad maker Memtech International wants to stay focused917 words
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Advertisement10 2006-05-23 14 111 r! 11fin in [I] IrSI 11 K1 1 1111^110 words
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Advertisement47 2006-05-23 15 r idHsSIH r« ...IMS ASM coveied om vlii mi a i/^HP <Jy PJ Wjf j II JKm jgf^BS^^mm^ <tccess to —jpf Wr Jg| t tie world's fastest mowing trade routes. IK MSBS y <' SQsR |HaB With connection to more of Asia overnight, t vJ l f E47 words
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Advertisement216 2006-05-23 16 B ■gIU s v Hll tah «nS II 1 11- 111 1 ™h H 111 II i wy£ lE „il .1 ■uji jhjjj I ■mi min JMgIUJ V, W •s**-, I I II H i|® f"Si I :ft !iififiiWff- MMIIM 111 U WMIIIIIn E I |i|- I I 1 IH|l216 words
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Advertisement17 2006-05-23 16 I Lianhe Zaobao I Three potential buyers I injA to take I inOakwell I Engineering I I^fSßKa!17 words
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ECONOMY WATCH
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Article, Illustration568 2006-05-23 17 Plan to increase currency flexibility this year helps yuan rise against US$ Bloomberg [BEIJING] The yuan strengthened against the US dollar after China's central bank said it plans to increase currency flexibility this year and let the market play a greater role in settingBloomberg; AP - 568 words
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500 2006-05-23 17 AFP [LONDON] The European Bank for Reconstruction and Development rolled out its five-year strategy on Sunday to invest more cash in south-eastern Europe and Russia and away from new EU nations at its annual conference in London. Under the plan, theAFP - 500 words
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304 2006-05-23 17 Bloomberg [HONG KONG] The European Union is seeking deeper ties with China to help Europe's banks gain access to the world's fastest-growing major economy, financial services commissioner Charlie McCreevy said. "China has been evolving and wants more international participation asBloomberg - 304 words
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278 2006-05-23 17 AFP [KUALA LUMPUR] The Malaysian government has slapped down plans by the hardline Muslim rulers of Kelantan to introduce the Islamic dinar and dirham currencies, reports said yesterday. Authorities in Kelantan, the only Malaysian state ruled by the Pan-Malaysia Islamic Party (PAS),AFP - 278 words
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464 2006-05-23 17 Reuters [SINGAPORE] Gold fell more than 2 per cent to its lowest level in nearly four weeks yesterday, dragging down mining shares in Australia and Hong Kong, as a rising dollar encouraged investors to switch out of precious and base metals. Other preciousReuters - 464 words
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Advertisement235 2006-05-23 17 1 t .-Ja laiy T 'iIU j. >t >. DOUBLE THE MILES FOR Ji DOUBLE Wpf THE SMILES Singapore-Japan Tourism Exchange Year 2006 It's double the joy flying ANA this spring! That's because we're rewarding all our valued customers with DOUBLE MILES! Earn double miles in all classes when you235 words
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MALAYSIA/INDONESIA
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416 2006-05-23 18 S JAYASANKARAN - Heavyweight stocks tumble, suggesting foreign selling may be driving slide By S JAYASANKARAN in Kuala Lumpur MALAYSIAN equities were savagely roiled as the Asiawide contagion effects took their toll. The benchmark composite index of the Kuala Lumpur stock exchange fell over 2416 words
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Article, Illustration426 2006-05-23 18 Voluntary plan offers generous terms, benefits AFP Bloomberg [KUALA LUMPUR] Malaysia Airlines on Monday launched a scheme to lay off between 3,000 and 5,000 employees as part of a plan to haul the ailing carrier out of the red. "Since the mutualAFP; Bloomberg - 426 words
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Article2391 2006-05-23 18 vol Gamuda 3.70 -0.12 902 rOBO) General Corp 0.58 -0.03 156 Genting .23.60 -0.30 1109 ASM Realty 135 -0.01 5 George Kent .0.57 -0.03 91 Abrk .032 -0.02 122 GHL Systems 031 -0.03 ***** ACP Industries .0.92 -0.09 141 Globetronics Tech 0.31 -0.01 2238 Advance Synergy 0.20 -0.012,391 words
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449 2006-05-23 18 Govt claims it has first right to buy stake from Cemex Reuters [JAKARTA] The Indonesian government plans to set up a consortium to buy a stake held by Mexico's Cemex in the country's largest cement maker, PT Semen Gresik Tbk,Reuters - 449 words
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BRIEFLY ASIA
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66 2006-05-23 18 Reuters [KUALA LUMPUR] Malaysia yesterday left its key interest rate unchanged at 3.50 per cent, calling a temporary halt to a steady increase in the cost of money as consumers began to feel the pinch. With economic growth apparently cooling, Bank Negara pointed to fewReuters - 66 words
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88 2006-05-23 18 Reuters [BEIJING] China's central bank said in its annual report that it will try to rein in rapid credit growth and fine-tune policy by using a number of tools, including an adjustment to bank reserve requirements. The bank, in a reiteration ofReuters - 88 words
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74 2006-05-23 18 AFP [JAKARTA] An investigation into Indonesia's largest cluster of bird flu victims cannot yet rule out the possibility of human-to-human transmission, a health official said yesterday. I Nyoman Kandun, director for the health ministry's communicable disease control centre, said epidemiological investigation into aAFP - 74 words
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98 2006-05-23 18 Bloomberg [MUMBAI] State Bank of India, the nation's biggest lender, plans to raise US$4OO million selling debt to expand overseas operations, chairman Arun Kumar Purwar said. The money will be raised from international bond investors in the year ending March 2007, heBloomberg - 98 words
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85 2006-05-23 18 AFP [BEIJING] US software giant Microsoft Corp is actively seeking Chinese partners to better access the nation's huge market and its engineering talent, CEO Steve Ballmer said yesterday. "We need to broaden out our ability to partner with all the latest technology, with the broadest setAFP - 85 words
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326 2006-05-23 18 [JAKARTA] A US-based auto manufacturer has apparently expressed interest in building a car factory worth up to US$l.4 billion in Indonesia to tap into the region's growing car market, the Jakarta Post reported. Chairman of the Investment Coordination Board M Lutfi said the unnamed326 words
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GREATER CHINA
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Article, Illustration839 2006-05-23 19 Demand soars despite lenders' higher rates and lower margins Reuters [HONG KONG] Bank of China's initial public offering, expected to be the world's largest in six years, is attracting heavy retail investor demand, despite a choppy stock market that could limitReuters; REUTERS - 839 words
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420 2006-05-23 19 The China Business Post said the lender would need some US$60-70 billion to repair its balance sheet. Reuters [BEIJING] Chinese central bank chief Zhou Xiaochuan has proposed breaking up Agricultural Bank of China (Agbank), in a move that has metReuters - 420 words
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335 2006-05-23 19 Current chairman 'has been in hospital for 2 years' Reuters [SHANGHAI] China's Minsheng Banking Corp, partowned by Singapore's Temasek Holdings, is set to change its chairman next month, a move that could see its doors open wider or closed to newReuters - 335 words
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174 2006-05-23 19 Reuters [BEIJING] French power giant EDF is looking to invest in a nuclear power joint venture in China as the country rolls out an ambitious programme to more than triple its number of nuclear reactors to meet its growing energy needs. EDF,Reuters - 174 words
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387 2006-05-23 19 ICBC expects to be world's top 10 bank by market value Xinhua [BEIJING] Industrial and Commercial Bank of China (ICBC) chairman Jiang Jianqing confirmed yesterday that the biggest state bank of China would sell shares to the public in 2006, followingXinhua - 387 words
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Advertisement368 2006-05-23 19 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF SATE RIA FAST FOOD PRIVATE LIMITED If nam i P Miafr n i M myWI UfWITI IW. *****2614E) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308( 1) of368 words
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INDIA
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668 2006-05-23 20 SIDDHARTH SRIVASTAVA - But index recovers almost half its 1,112-point loss by day's end By SIDDHARTH SRIVASTAVA in New Delhi INDIA'S bellwether Sensex fell 1,112 points yesterday, forcing the Bombay Stock Exchange to suspend trading for an hour the first time in about two years. But668 words
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472 2006-05-23 20 It cuts products excluded from tariff reductions to 850 from 1,414: report [NEW DELHI] India has agreed to cut tariffs on a basket of products to pave way for the implementation of a proposed free trade agreement (FTA) with South-east Asia, a472 words
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Article313 2006-05-23 20 The Economic Times [NEW DELHI] Expectations of more than per cent GDP growth and higher exports this financial year raised confidence among Indian businesses for first half to September 2006, a survey by the Confederation of Indian Industry (CII) showed. The CII survey of 254 companiesThe Economic Times - 313 words
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Article, Illustration257 2006-05-23 20 Reuters [MUMBAI] India's UB group has offered nearly £400 million (Ssl.2 billion) for French champagne brand Taittinger, a source close to the company said yesterday. Britain's Sunday Telegraph, which reported UB group chairman Vijay MaHya was one of the bidders who submittedReuters - 257 words
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235 2006-05-23 20 AFP [NEW DELHI] Indians prefer Manmohan Singh as 1 prime minister rather than < Sonia Gandhi who chose Mr Singh to take her place < after turning down the job s a poll said on Sunday in- 1 dicating the narrowest ofAFP - 235 words
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Page 20 Advertisements
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Advertisement1009 2006-05-23 20 :*AT3 S& NOTICES BUY IT SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SLRC INVESTMENTS PTE LTD (Company Registration No. *****0771G) (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING UP NOTICE is hereby given that at an Extraordinary General Meeting of the1,009 words
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Advertisement490 2006-05-23 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RDC WOODLANDS DEVELOPMENT PTE LTD (Company Registration No. *****6729E) (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING UP NOTICE is hereby given that at an Extraordinary General Meeting of the members of the abovenamed Company duly convened and490 words
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Advertisement1130 2006-05-23 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 SIM LIAN (TUAS) PTE. LTD. (In Members' Voluntary Liquidation) Company Reg No. *****0778H At an Extraordinary General Meeting of the company deemed to have been held pursuant to Section 179(6) of the Companies Act, Cap. 50 on the 18 day of1,130 words
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ASIA-PACIFIC/WORLD
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Article, Illustration502 2006-05-23 21 German bourse should either raise its offer or renew talks with LSE Reuters [LONDON] The prospect of the New York Stock Exchange (NYSE) winning pan-European exchange Euronext puts pressure on rivals Deutsche Boerse and the London Stock Exchange pic (LSE) toReuters; AP - 502 words
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496 2006-05-23 21 Bloomberg [SEATTLE] Microsoft Corp yesterday announced plans to let consumers pay by the hour to use personal computers, powered by the software giant's FlexGo technology. Microsoft and partners including Intel Corp, Advanced Micro Devices Inc and Lenovo Group Ltd plan to expandBloomberg - 496 words
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343 2006-05-23 21 Bloomberg [BRUSSELS] The European Union has dropped a threat to impose extra duties on plastic bags from Malaysia and Thailand after EU producers withdrew a subsidy complaint. The EU closed a probe into whether Malaysian and Thai exporters of plastic bags andBloomberg - 343 words
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398 2006-05-23 21 AP (TOKYO] Japan's two largest banks yesterday posted robust earnings for the year ended March 31. both crediting an economic recovery that has helped reduce the companies' bad loans. Mitsubishi UFJ Financial Group Inc. the world's largest banking group by assets, said itsAP - 398 words
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Article, Illustration517 2006-05-23 21 Reuters [SEOUL] Wal-Mart Stores Inc is selling its loss-making South Korean stores to Shinsegae Co Ltd for US$BB2 million, making it the second global retailer to exit the country after Carrefour. The sale by Wal-Mart, the world's top retailer and NoReuters; BLOOMBERG - 517 words
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589 2006-05-23 21 They are preparing for a repeat of 2002 when market rally and merger mania led to credit crunch Bloomberg (LONDON] From Canary Wharf to Hong Kong's Exchange Square to Wall Street, earnings have never been better for theBloomberg - 589 words
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AVIATION
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Article, Illustration410 2006-05-23 22 VEN SREENIVASAN - Jetstar's contract extended for 5 years; Valuair is new customer By VEN SREENIVASAN [SINGAPORE] Just two weeks after their parent airline Qantas signed up, Singapore-based Jetstar Asia and Valuair have reappointed Singapore Airport Terminal Services (SATS) and SIA Engineering Company (SIAEC) as theirFILE PHOTO - 410 words
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Article2203 2006-05-23 22 CITY FLIGHT ETA FUGHT ETP NZ4355 0735 EK405 0210 SQ493 0735 EK433 0325 Adelaide LH9771 1750 AF8088 2215 EK404 1405 EK352 2225 SQ230 1750 BA7382 2215 „f$12 559 H25 AF8087 1850 QF82 2215 1159 W BA7381 1850 LH9770 2345 EK432 2005 OF81 1850 SO229 2345 EK3522,203 words
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Article, Illustration487 2006-05-23 22 AFP Bloomberg [BEIJING] Chinese flag carrier Air China yesterday accepted an invitation to join the Star Alliance group of airlines, which provides frequent flier benefits, the two sides said. "With Air China having chosen to join Star Alliance, we have now taken the decisive stepAFP; Bloomberg - 487 words
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344 2006-05-23 22 Bernama [KOTA KI NAB ALU] The construction of a low-cost carrier (LCC) terminal at the Sabah state capital will start immediately and is expected to be completed by the end of the year, said Transport Minister Chan Kong Choy. HeBernama - 344 words
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115 2006-05-23 22 AP [HONG KONG] Dragonair, Hong Kong's second-largest carrier, said yesterday it flew a record number of passengers in April because of Easter, mainland China's week-long Golden Week holiday and a number of trade exhibitions. The airline said it carried 481,327 passengers, an 11.5 perAP - 115 words
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Page 22 Advertisements
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Advertisement123 2006-05-23 22 BT/ZUJI Deals of the Week BUSINESS (from ECONOMY (from HOTEL (from Sydney $1999 $475 $71 (Gulf Air) (Gulf Air) OSnwWIOMS BUSWESS CLASS (taroS) Eg*OMrQAg»mts) UQTH (tot 5) WKAftgR Bangkok $630 (Thai Airways) $148 mm $43 Rain Hong Kong $954(CN»mm $237 $96 m Dubai $1649 (Thai Airways) $785 (Gulf Ar) $140123 words
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Page 22 Miscellaneous
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Miscellaneous190 2006-05-23 22 CRYPTIC CROSSWORD needing hormone (7) 25 One way to remove moisture 2 Avalanche? A bloomer (8) 3 Canada(6) d iS and 15 Start t0 include sailor in attack YE STE R *>AY'S SOLUTION 4 Disregard groin injury initially Ifi ttor th n An r>f tho seross:5 eross: 1 c b190 words
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SHIPPING/AVIATION
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Article, Illustration654 2006-05-23 23 Reuters [SHARM EL-SHEIKH, Egypt] Qatar Airways may review a US$lO billion deal with Airbus to buy A 350 planes, after the European firm signalled plans for changes to the aircraft that could delay delivery, the airline's chief executive said. Qatar Airways, basedReuters; FILE PHOTO - 654 words
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210 2006-05-23 23 Bloomberg [SHANGHAI] Hainan Airlines Co, a Chinese carrier whose biggest shareholder is US financier George Soros, may raise as much as 8.7 billion yuan (Ssl .72 billion) by selling additional shares to fund plane purchases and reduce debt. The airline plans to sellBloomberg - 210 words
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Article, Illustration642 2006-05-23 23 DONALD URQUHART - THCs are inherently part of freight cost and cannot be charged separately, says probe panel By DONALD URQUHART [SINGAPORE] Shippers have claimed another victory in the fight against controversial terminal handling charges, levied by container shipping lines after the Chinese governmentFILE PHOTO - 642 words
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Article, Illustration375 2006-05-23 23 They want a raise similar to one achieved by oil workers Bloomberg [OSLO] Norwegian oil rig workers will demand increased pay in talks with rig owners, as high fuel prices boost exploration for oil and gas deposits, raising demand for drilling rigs. The SAFE,Bloomberg; BLOOMBERG - 375 words
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187 2006-05-23 23 Bloomberg [MANILA] International Container Terminal Services Inc, which operates ports in the Philippines and four other countries, bought 95 per cent of an Indonesian port operator for US$5.6 million. International Container bought the shares in PT Makassar Terminal Services from Portek Systems Equipment PteBloomberg - 187 words
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PORT SHOTS
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166 2006-05-23 23 [LONDON] Norwegian company IM Skaugen (IMS) has entered into a new equity joint venture in China with Zhangjiagang Shenghui Chemical Machinery which makes steel vessels and structures for refinery and petrochemical production facilities and whose expertise fits in well with Skaugen's gas carrier166 words
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102 2006-05-23 23 Bloomberg [LONDON] A tanker owned by OAO Primorsk Sea Shipping Corp, Russia's third-largest shipping company by capacity, was attacked and its crew robbed off the coast of Guinea. Two high-speed boats approached the Shkotovo. which was some 100 km off the Guinean port ofBloomberg - 102 words
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89 2006-05-23 23 [LONDON] Greek-based tanker company Tsakos Energy Navigation (TEN) made a first quarter net profit of U5541.77 million, up from U5539.85 million in the same quarter last year, and a company record. Q1 revenues, net of voyage expenses and commissions, were U5575.61 million in89 words
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Article289 2006-05-23 23 S6X '000 M»)l 22 St Vol CH Offshore .0.36 -0.02 566 ChuanHup 033 -0.01 1817 Cosco Corporation 1 25 -0.08 9141 CWT Distribution _._..1.18 -0.03 196 Ezra Hldqs „2.45 -0.04 1036 Freight Links 0 07 -0.01 1214 Grand Banks Yacht ......0.83 unch 6 Java Holdings 1.35 -0.10 2068289 words
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345 2006-05-23 23 Bloomberg [LONDON] The cost of shipping two million-barrel cargoes of crude oil from the Middle East may fall from a seven-week high as oil companies start to hire tankers for loadings after June 10, when the supply of vessels improves. Rates for PersianBloomberg - 345 words
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EDITORIAL & OPINION
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Article517 2006-05-23 24 EDITORIAL ASEAN's deal to set up a Free Trade Agreement (FTA) with South Korea shows just how fraught the process can get and its limitations. To begin with, this accord allows both South Korea and each Asean country to choose up to 40 sensitive517 words
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Article, Illustration769 2006-05-23 24 SHADA ISLAM - THE BOTTOM LINE SHADA ISLAM Brussels Correspondent THE European Union's recent decision to set a conditional January 2007 entry date for Bulgaria and Romania spotlights key political dilemmas facing the bloc as it continues to expand eastwards into former communist countries. The EU's769 words
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Article, Illustration1225 2006-05-23 24 ANAND GIRIDHARADAS - The country's manufacturing sector is picking up as firms seek cheaper alternatives to China By ANAND GIRIDHARADAS NYT As global manufacturers seek new places to plant their flags, India is seeing early stirrings of an industrial renaissance. India has cultivatedNYT; AFP - 1,225 words
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Article, Illustration1320 2006-05-23 25 THOMAS FULLER - Thailand —Detroit of the East Its carmaking industry is booming as Bangkok's hands-off policy attracts foreign manufacturers By THOMAS FULLER IHT #HMi he Toyota factory in this industrial suburb of Bangkok churns out one pickup truck a minute. But that's not enough to meet demand from customers as far awayIHT; AFP - 1,320 words
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107 2006-05-23 25 Lim Ah Kheng Singapore - Lim Ah Kheng Singapore I REFER to your article "DBS chief urges competition on level playing field" (BT, May 17). DBS group chief Jackson Tai told BT he does not want a situation in which some players are allowed to extend credit on different107 words
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351 2006-05-23 25 Chua Tiow Chye - LETTERS TO THE EDITOR Chua Tiow Chye CEO, Mapletree Logistics Trust Management BOTH the article, "Mind the depreciation in Reits, business trusts" (BT, May 9), and the letter from Mr Ang Hao Yao (BT, May 17) made the observation that investors should consider the underlying351 words
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385 2006-05-23 25 Leong Sze Hian Singapore - Leong Sze Hian Singapore I REFER to the article "Affluence doesn't always bring happiness" (BT, May 13). Most of the buzz in postelection forum letters, media reports, Internet blogs and coffee-shop talk seem to revolve mainly around upgrading, James Gomez,385 words
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862 2006-05-23 25 GERALD W BRACEY - By GERALD W BRACEY The Washington Post PEOPLE and organisations create statistics for a purpose to call attention to a problem, or to argue for a policy change. Americans consume vast quantities of statistics every day. Most zip in and out of our brains, butThe Washington Post - 862 words
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Article11569 2006-05-23 26 SGX MAINBOARD Transaction date: May 22 52Wk Tel Last Vol Day Last Quote GrOiv Dfv GrYtd Net MCap High Low Code Company Sale +<- 000) High lam Buyer Setter CV P/t hnS 5 1 5716 1st Software 5c 2.5 0 5 2580 3 2.5 2.5 3 10.1 1611,569 words
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Article6655 2006-05-23 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES I* lout on In St In USS dy yr dy %y dy %yr H lnd«» Change Cnang* Ov»ng» Oi»nq« Oxng« Ch»oq» WwttifCttftenrwary 9826 -01 13 -01 -0.1 06 4.7 ttA?EP»e«™af) 9930 01 20 <14 41 -09 91 iuiopeP'eUiwttq 1J121 01 15 <13 VI6,655 words
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Page 28 Advertisements
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Advertisement1357 2006-05-23 28 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN TIAN SHAN HAI CAM/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE EA f T SERVICE F.E./S.E.A. SERVICE Destination DOMINATOR ADN/HDD/JDH/AQA Destination PAN DYNAMIC DBI/ABU/DOH/NRN/DMM/KWT STX PO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia1,357 words
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Advertisement652 2006-05-23 28 p] DONGNAMA LINE CONTAINUkIMD HHVtftl vissa (ivaT swo voy [~sgp hkg KOTAHARTA HTA4S6 28/05 01/ M KOTA HAOUH HU23S 04/0* 00/06 KOTA HARMUNI HN1299 11/06 IS/Oi VBSa (EVHtY SIM) VOY SGP HKG TKY YOK ROM MOl FOKTUM ***** 20/05 01/06 05/06 06/06 01/06 MMOOKY 47)69 04/06 01/06 12/06 13/06 IS/06652 words
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Advertisement808 2006-05-23 28 vtf/v WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com VCS&CL VOT RAMP HDGHT SI UK MAP SAY BAL OtF TALABOT Aftlt 4001 ms 6.3 M 30/05 21/0* 30/0* 04/07 09/07 07/07 TAUSMAN AE6I7 320t0« 6.4 M 06/06 02/07 11/07 15/07 19/07 17/07 TABONGA AF6I9 320T-S 6.2511 25/06 20/07 29/07 02/01 07/00 05/01 New808 words
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Page 29 Advertisements
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Advertisement800 2006-05-23 29 WAN HAI INTERNATIONAL PTE LTD CR NO: **********0/R T\N\WAN HAI LINES IL PHI TH: (03) 3344 MM MX: (03) *****288 fW IB.* (04) *****00 MX: (04)*****99 JOH IE: (07) *****23 FAX: (07)251«921 SUI TH: (031) *****7S MX: (031) 32*2714/ *****05 www.wanhai.com.sg *TIH: (021) *****88 FAX: (021) *****88 PUB IE: *****0/*****1800 words
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Advertisement1167 2006-05-23 29 |VSSII |VOV I PKI I SIN I KARACHI DXI BAB NHS DMM BIK I KHOR IRAN SHAHRYAft PCL 8138 30/03 31/05 09/06 12/06 13/06 18/06 21/06 24/06 IRAN BAABAII PCI 8140 03/06 06/06 15/06 18/06 19/06 25/06 27/06 29/06 13/06 14/06 23/06 26/06 27/06 02/07 03/07 07/07 I VESSEL VOY1,167 words
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Advertisement843 2006-05-23 29 W WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL I VOY I SW I PJOANcICOIOMBO IN. SHEVA (PLOMBO &S W-W4Hh-Hh-Hh-Mttwwm —rpwoas osiuw ntiiiw mjum i? jum is inn IHDHA GAHDHI QIO4W 12JUM 13 JUW It JUN I9JUN 2? JUM MLMIM QIO4W l> JUW MJUH843 words
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THE BUSINESS TIMES SHIPPING TIMES
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5824 2006-05-23 30 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Nunbar SIN Desfn Name Nana Number Number 21/06 07/07 Norton's THOR MERCHANT 6/06 *****776/86 To ABIDJAN (ABJ) 2003 Cote D'lvoire To DARWIN (DRW) 2104 Australia 30/055,824 words
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PROPERTY
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Article, Illustration581 2006-05-23 31 KALPANA RASHIWALA - Some 70 units of GuocoLand's The Quartz sold since its preview on May 17 By KALPANA RASHIWALA DEVELOPERS seem to have made encouraging sales of recently launched projects at the weekend despite the stock market plunge. GuocoLand is understood to have sold close to581 words
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1145 2006-05-23 32 Sellers raise the trusts' yield via swaps with expectations of rising rental incomes effectively borrowing from the future HONG Kong real estate investment trusts are borrowing from the future to spice up rental returns from office buildings that are not earning enough to attract1,145 words
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478 2006-05-23 32 Interest rate seen to be 44 basis points over Hibor [HONGKONG] Wharf (Holdings) and parent Wheelock and Co are seeking a loan of up to HK$5 billion (Ssl billion) to acquire properties for a real estate investment trust with a net478 words
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Page 31 Advertisements
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Advertisement229 2006-05-23 31 savillsl FOR SALE BY TENDER Prime Freehold Residential Site in the Heart of Orchard Road 57,241 sq. ft. of elevated land Mt. ElizabethX^,^ Hospital 2003 Plot Ratio 2.8; up to 20 storeys i. Subject Within 5 minutes to Somerset MRT station, Pr °P ert y The The Chatsworth CentreDOint Paragon,229 words
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Advertisement57 2006-05-23 31 RARE OPPORTUNITY Detached Food Factory Pandan Loop Single-storey detached food ~J factory with mezzanine office Jj Land: 58,700 sq ft (approx.) Built-in: 27,700 sq ft (approx.) Tenure: 38 years (approx.) For sale by expression of interest Closing Date: 15 June 2006,4.00 pm For enquiries or viewing, please contact Ms Jean57 words
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Advertisement468 2006-05-23 31 _?L For Sale By Tender Prime Good Class Bungalow Sites j i Combined Land Area: Approx. 48,543 sq ft 1 Option to puchase whole or part Can be subdivided into 3 GCB plots vfe ijL Close proximity to reputable schools and Orchard Shopping Belt Easy access to amenities < Tender468 words
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Page 32 Advertisements
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Advertisement98 2006-05-23 32 More than 250 years of uninterrupted history '"*-^r v ..jPi i kmlrsJll a ■Pg 0 i'vi 111 H^l T x 7 v/y /fl ,IMt l I y Selfwinding mechanical movement. W Day-night Date calendar powerreserve dial. White or A *X* TT VACHERON CONSTANTIN Manufacture Horlogere. Geneve, depuis 1755. Vacheron Constantin98 words
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