The Business Times, 6 June 2006
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2006-06-06
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The Business Times
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Title Section15 2006-06-06 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Tuesday June 6,200615 words
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888 2006-06-06 1 ARTHUR SIM - The market here is also seen to be less volatile than those in other major Asian capitals By ARTHUR SIM [SINGAPORE] Luxury housing in Singapore is still cheap, comparatively. Compared with cities like Hong Kong, that is. St Regis Residences in the exclusive888 words
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Article, Illustration843 2006-06-06 1 CONRAD RAJ, ANTHONY ROWLEY - By CONRAD RAJ, ANTHONY ROWLEY in Tokyo ACE Japanese fund manager Yoshiaki Murakami, who recently bought a penthouse in Singapore for a near-record $16 million, was yesterday arrested by the Japanese authorities after admitting that he might have infringed insider tradingREUTERS - 843 words
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Page 1 Advertisements
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Advertisement108 2006-06-06 1 Oil, RETAIL Shell set for tie-up with 7-Eleven PAGE 2 ULYaSJC^NARDIN nn u ,v, Winner op the innovation prize 2000,2002,2003,2004 The mythical Jaquemarts atop the Campanile in St. Mark s Square in m WWW.ULTSSE-NARDIN.COM Venice is reproduced in gold on a beautiful onyx dial. The Jaquemart RECORDS EACH HOUR AND108 words
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Advertisement5 2006-06-06 1 ■■Bl ARTS FESTIVAL The vegetable5 words
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Advertisement8 2006-06-06 1 PROPERTY: OFFICE SPACE S'pore stays competitive PAGE 308 words
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Advertisement9 2006-06-06 1 SME SPOTLIGHT jBK Trexi toy story 8 Hi II9 words
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TOP STORIES
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519 2006-06-06 2 Casino operator was turned down in S'pore listing bid [HONG KONG] NagaCorp, a Cambodian casino operator which failed to secure the green light to list in Singapore in 2003, is now planning to float its shares in Hong Kong this month,519 words
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Article, Illustration605 2006-06-06 2 Reuters [HONG KONG] Hong Kong's Cathay Pacific Airways Ltd is close to announcing a takeover of smaller Chinafocused rival Dragonair in a deal reported to be worth US$l.3 billion, sources familiar with the matter said yesterday. The long-anticipated buyout would give CathayReuters; AFP - 605 words
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Article, Illustration545 2006-06-06 2 SAMUEL EE - Move comes after successful alliance between FairPrice and ExxonMobil By SAMUEL EE [SINGAPORE] Singapore's second largest oil chain Shell is set to tie up with the übiquitous 7-Eleven chain of convenience stores to help boost operating efficiency and lower operating costs545 words
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Article543 2006-06-06 2 Motorola to invest USs6om in S'pore supply chain ops MOTOROLA, the world's No 2 mobile phone venilor, will invest US$6O million over the next two years into its operationsin Singapore to create its first global supply chain control centre. Besides adding staff, the amount will cover training, research543 words
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Article, Illustration534 2006-06-06 4 ROLAND LIM - More than 200 staff will be employed in global drive to centralise control By ROLAND LIM [SINGAPORE] Motorola, the world's number two mobile phone vendor, said yesterday that it will invest US$6O million over the next two years into its operationsYEN MENG JIIN - 534 words
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Article135 2006-06-06 4 STI 2,407.25 (-12.17) ST INDEX FUTURES 2^411-00 (-13.00) SIMSa ***** (-1.45) SIMSa FUTURES ***** (-1.80) MARKETS Monday Changs KLSECOMP 931.90 +I.H NIKKEI 225 15.***** -121.00 HANG SENG 16,016.23 +103.52 SETINOEX 713.22 439 JAKARTA COW 1.349.04 +13S MANILA COMf 2304.41 +0J4 SEOUL COMP 1,301.62 -7.42 SHENZHEN B ***** +357135 words
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Article, Illustration763 2006-06-06 4 WONG WEI KONG - Line has to be drawn between prudence and paranoia, he says By WONG WEI KONG [SINGAPORE] The United States must be careful about the way it handles security concerns when it comes to investment by foreign companies, in order to avoid a repeatARTHUR LEE - 763 words
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Advertisement135 2006-06-06 2 GET NEWSWEEK WITH YOUR BT JUST for this month, if you subscribe to ed property addresses. The first 100 The Business Times, you'll get a copy of subscribers to sign up will also get a spa Newsweek with it. voucher from Subtle Senses worth What's more, you will also receive135 words
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Advertisement13 2006-06-06 2 oeooie Giue yourself I people a break. I Call us. I I fev.(13 words
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Advertisement153 2006-06-06 3 nut*** lipa Ml f4 >wl)| mm in|n HI Minif II KHMJP I'M! WW nNQ fOU ptncl dteeuation in rrw caH at +65-6882-9969 today or tomorrow to dkKuiß thtt Thanks. JMon H "'".V."' "x"':--" '.»(«>< hi I„ -1"*"' '-<■■.■■- X-- you are. It's what you're used to on your desktop, so153 words
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Advertisement145 2006-06-06 4 can assist you with offshore structures, shelf companies and incorporations in ALt. British Virgin Islands HwJ33»l|l«l||4 Cayman Islands Bahamas Mauritius mmmmammmmm Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate j planning. For further information and145 words
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Advertisement20 2006-06-06 4 Lianhe Zaobao 6000 I exceeding I I Hong Kong I I for the first time I I A#m xmmmm I20 words
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Advertisement16 2006-06-06 4 I I 1 J ■iA■i I |L jf, i ,w h 1 i The Business Times16 words
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COMPANY NEWS
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Article, Illustration476 2006-06-06 5 WONG WEI KONG - It has called for a press conference after the close of trading today By WONG WEI KONG PROPERTY developer Capita Land could be announcing its much-anticipated China real estate investment trust (Reit) soon. Singapore's biggest property group by market capitalisation may even unveil its476 words
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Article, Illustration584 2006-06-06 5 CONRAD TAN - Proposed capital reduction to pay $2.13 for each share cancelled By CONRAD TAN STARHUB Ltd, Singapore's second-largest telco, yesterday announced a proposal to return $652 million in cash to its shareholders through a capital reduction. The proposed exercise involves the cancellation ofFILE PHOTO - 584 words
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809 2006-06-06 5 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN THERE is now less than a week to go before the expiry of the unsolicited takeover offer by Mediaßing for Pacific Internet at US$B.25 per share in cash. For PacNet shareholders mulling over the offer, it's a809 words
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Article, Illustration439 2006-06-06 6 OH BOON PING - It's not time to bottom-fish yet says the bank By OH BOON PING DESPITE the recent selldown in regional equities, Citigroup said it is not time to "bottom-fish" yet. Instead, it recommended a defensive equity strategy. In a report dated June 2, the bank439 words
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360 2006-06-06 6 OH BOON PING - It declares first distribution payment of 3.25 Australian cents a share By OH BOON PING SP AusNet, whose initial public offering late last year was the first IPO of stapled securities on the Singapore Exchange, has reported a more than trebling in360 words
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304 2006-06-06 7 KRITI SINGH - It earlier emerges as top bidder for power, desalination plant By KRITI SINGH SEMBCORP Utilities yesterday submitted its final revised proposal for an Abu Dhabi power and desalination plant project, after having earlier this year emerged a top contender. The submission304 words
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434 2006-06-06 7 OH BOON PING - Higher prices expected to push up net profit By OH BOON PING THANKS to higher sales as well as stable raw material prices, Delong Holdings expects its second-quarter net earnings to at least double that of Q1 of FYO6. Yesterday, the Chinabased434 words
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Article, Illustration376 2006-06-06 7 MATTHEW PHAN - By MATTHEW PHAN SEMICONDUCTOR group Asti Holdings reversed a net loss of $1.1 million last year to achieve a net profit of $2.8 million in the first quarter of 2006, the company said yesterday. QlO6 revenues rose 96 per cent to376 words
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205 2006-06-06 7 Bloomberg SINGAPORE Airlines, the world's second-largest carrier by market value, said it sold a Boeing Co 777-300 aircraft which it would lease back. Financial terms of the contract weren't disclosed. The aircraft will be leased to SIA for about 7.5 years with an optionBloomberg - 205 words
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COMPANY BRIEFS
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Article42 2006-06-06 7 ECO Water said its CFO Chia Kong Boon had resigned from his position at the group as of May 31, 2006. Eco Water has appointed Se Kuo Shen as group financial controller with effect from June 1.42 words
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44 2006-06-06 7 MEDTEC International Corp said Paul Winston Poe, its chief operating officer, has resigned with effect from June 1,2006. In the interim, Clement Yang Ker-Cheng, the chief executive officer of the company, will oversee the operations of the group.44 words
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Article48 2006-06-06 7 UOB repurchased yesterday 800,000 of its shares on the market for $15.10 apiece, or a total consideration of nearly $12.1 million. UOB has repurchased nearly 5.5 million of its shares since obtaining its buy-back mandate; nearly 1.53 billion issued shares remain.48 words
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106 2006-06-06 7 OIL and gas exploration firm Pearl Energy yesterday disclosed that its director, HiroyukiTsubai, has resigned since May 26, 2006. The news comes after the weekend announcement that Aabar Petroleum Investment Company PJSC, will exercise its right of compulsory acquisition for Pearl on July106 words
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Article75 2006-06-06 7 CHINA-BASED scientific devices maker Techcomp Holdings has clinched an original equipment manufacturing agreement from NuAire Inc, a leading designer and manufacturer of biological safety cabinets. Techcomp's president Lo Yat Keung said the firm expects to manufacture over 1,000 units of NuAire's cabinets when the first model commences serial production. The75 words
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79 2006-06-06 7 SINGAPORE Telecom group CEO Lee Hsien Yang received 491,899 shares of Sing Tel, after 70 per cent of the 702,712 shares comprised in the General Award granted to him in 2003 under SingTel's Executives' Performance Share Plan were vested and transferred to him.79 words
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296 2006-06-06 7 JENNANI DURAI - By JENNANI DURAI STRATECH Systems has appointed former IBM executive Lam Wei Choong its chief executive officer, effective yesterday. According to Stratech executive chairman David Chew, the appointment was part of a plan to "broaden the group's technology leadership so that it is wellplaced296 words
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Advertisement88 2006-06-06 5 iT W- NONYA CUISINE AT STRAITSKITCHEN FROM 6 TO 16 JUNE. L J! 8 ;A'"-■ ,*^1-"• j Savour Auntie Belle's signature dishes such as Ayam Masak Kduak and Nonya Chap Chai during buffet dmr liitli» t j j 1 i >* ■J" Price is $38+++ per person from 6.30pm to88 words
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Advertisement234 2006-06-06 6 Club Card To apply, call 6416 0980 Ulfl RiH RmiTHW World of Exclusive Privileges Treats Diners Club www.Jmer. com.sg International' ||||||H||||HHH|B|H|M||HMMMMh IBTreat dear Dad to a delicious buffet spread and v ij stand a chance to win a FREE night stay at Hotel Phoenix in the |m^^E|Specialists' Shopping Centre's Great234 words
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Advertisement52 2006-06-06 6 Parting company? PI 5* v| N Make it known. Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. NOTICES 'i. 7th Storey Hainan Charcoal Steamboat 228/229 Rochor Road, Tel: 6333 4900 1-for-1 steamboat set Only when you charge to your Diners Ciub Card.52 words
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Advertisement66 2006-06-06 7 •X! PRIME LOCATION j NEAR TIONG BAHRU MRT I V FULL GLASS FACADE UNIX SIZE FROM 1,098 sc|ft V GOOD CORPORATE IMAGE v EASY ACCESSIBILITY TO AYE/CTE/ECP SE9y=y Y MORE THAN 600 PARKING LOTS Orange Tee Call: 0877 2555 7 4 'Js> v W <v '*?>s^&2&- 3 "%Ft trk." c66 words
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SINGAPORE MARKETS
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Article, Illustration525 2006-06-06 8 R SIVANITHY - STOCKS Straits Times Index drifts within a narrow band in feeble and directionless trading R SIVANITHY Senior Correspondent THE World Cup kicks off at the end of this week, but from yesterday's action you'd have thought that it was already underway trading was listless, directionless,Source: Bloomberg - 525 words
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Article, Illustration440 2006-06-06 8 Deemed Interest; IP: Investment Purposes; SA: Share Allotment; ST: Share Transfer; B/R: Bonus/Rights issues; O/E Option Exercise; PL: Placement Shares; IT: Internal Transfer Compiled by BT OTHER SINGAPORE INDICES Jun 5 VALUE CLOSE BT OB/OS -323.00 +342.00 BT CADI -*****.00 -75.00 BT 10-day MA -*****.00 -33.00 All-SG440 words
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Article, Illustration982 2006-06-06 8 MATTHEW PHAN - Compiled by MATTHEW PHAN MMI Holdings June S dose: 69.5 cants CREDIT SUISSE. June S DESPITE concerns of rising aluminium prices, gross margin was kept intact at 18 per cent, thanks to: the rising proportion of 2.5-inch base plate, which has higher margins, as it uses less aluminium;Source: Bloomberg - 982 words
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Article, Illustration548 2006-06-06 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar extended its slide yesterday, after last Friday's painful sell-off on the back of a very weak US jobs number for May, and the Chinese yuan enjoyed its largest one-day gain since it was de- pegged in lateSource: Reuters - 548 words
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SINGAPORE NEWS
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367 2006-06-06 9 MELISSA LOH - Initiative will help tourism workers in their careers By MELISSA LOH EVERY one of the 3,000 workers in Sentosa, from cleaners to managers and CEOs, will have the opportunity to hone their skills and be certified under a workforce scheme. The entire367 words
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Article, Illustration424 2006-06-06 9 KALPANA RASHIWALA - This values mall conservatively at $1.6b: market watchers By KALPANA RASHIWALA MAPLETREE Investments' Vivo City mall, which opens in the Harbour Front location in October, is leasing well and is expected to generate about $88 million net property income annually when fully let,424 words
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Article, Illustration141 2006-06-06 9 A CONTRACTOR preparing an original silver gelatin print beside the famous picture 'The Kiss at City Hall'by Robert Doisneau (1912-1994). The photograph will be part of the Month of Photography exhibition being held in Singapore from June 7-29. The event started in 1980 in Paris, to establishYEN MENG JIIN - 141 words
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SINGAPORE ROUNDUP
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Article41 2006-06-06 9 TO enhance public transport security, the Land Transport Authority (LTA) and transport operators are installing security cameras on a trial basis. They have been installed on selected buses and MRT trains along the North-South,and East-West lines.41 words
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Article57 2006-06-06 9 THE National Parks Board (NParks) yesterday announced the addition of four new board members to its ninth board. The new board members, whose two-year terms start today, are deputy chairman Christina Ong, Yatiman Yusof, Augustin Lee and BG (NS) Philip Su. Their appointments bring the57 words
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Article68 2006-06-06 9 DURING his official visit last Friday to the Republic of Kazakhstan, Minister for Foreign Affairs George Yeo had meetings with two Singapore companies established there. Mr Yeo visited a school in Kazakhstan that uses a multimedia system developed by ST Engineering's local joint venture, KAZ-ST Engineering68 words
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47 2006-06-06 9 TEN Singapore-based contract manufacturers are taking part in the Medical Design and Manufacturing East Exposition and Conference 2006 in New York today, led by the Singapore Manufacturers' Federation and International Enterprise Singapore. The international trade show runs from June 6-8.47 words
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301 2006-06-06 9 JAMIE LEE - By JAMIE LEE THE national postal administrations in Singapore and Malaysia have started a new collaboration, with discounts for business mail sent across the border. Although international mail traffic is declining, Sing Post hopes to increase mail traffic between Singapore and Malaysia301 words
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462 2006-06-06 9 MATTHEW PHAN - Education goes beyond grades, says Tharman By MATTHEW PHAN EDUCATION Minister Tharman Shanmugaratnam said yesterday his ministry would bring down the attrition rate of students and improve the teacherstudent ratio plans that in the long run will help students passing through the system better contribute462 words
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169 2006-06-06 9 THE Ministry of Education (MOE) is inviting proposals to set up privately funded schools, which it believes will provide local students with broader choices while giving foreign students further avenues for study in Singapore. Currently, there are two such private schools here ACS International169 words
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Page 9 Advertisements
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Advertisement13 2006-06-06 9 The gentleman to your left attends some of the biggest parties in town.13 words
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SMEspotlight
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Article, Illustration1040 2006-06-06 10 NANDE KHIN - Play Imaginative's Trexi toys have achieved cult status, but the two-year-old start-up is not resting on its laurels, reports NANDE KHIN NANDE KHIN IF you think football can never be cute, you obviously don't have the marketing genius of local toymaker Play Imaginative and beverageARTHUR LEE - 1,040 words
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Article, Illustration1176 2006-06-06 11 SHEH SEOW WAH - It's been said that a family business does not last more than three generations. SHEH SEOW WAH looks at what these firms can do to keep going SHEH SEOW WAH CHINESE family business enterprises share certain characteristics with family businesses of other ethnic groups in terms1,176 words
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Article, Illustration899 2006-06-06 12 NANDE KHIN - SMALL CAPS Maker of scientific equipment sees growth led by manufacturing segment. NANDE KHIN reports NANDE KHIN SCIENTIFIC equipment maker and distributor Techcomp (Holdings) Ltd is expecting its growth to be driven by its higher-margin manufacturing segment which it is aggressively expanding through899 words
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344 2006-06-06 12 TEH HOOI LING - By TEH HOOI LING AFTER the last three weeks of correction, more than half the stocks in our small cap portfolio have bounced off their recent lows. And one stock which has done that in a dramatic fashion is plastic component maker First Engineering.344 words
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Advertisement171 2006-06-06 10 SPiRE SPIRE INVESTMENT HOLDINGS LIMITED (Company Registration No. *****1954N) (Incorporated in the Republic of Singapore on 14 February, 2006) An opportunity to invest in the growing Indian Real Estate Sector Invitation in respect of an initial public offering of 35,000,000 "A" ordinary S$ shares at an offer price of Ssl.oo171 words
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Advertisement12 2006-06-06 10 >:ats NOTICES Toll free. 1800-289-8822 Email: notices@sph.com.sg NOTICE OF EXPIRY OF WARRANTS12 words
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Advertisement359 2006-06-06 11 I SINGAPORE WE'LL ONLY BE FOCUSSING ON YOUR DINNER DANCE Not only do we have a dedicated team of Catering and Event Specialists to ensure the successful planning and execution of your event, the sole Grand Ballroom in the hotel will be for your private use. The Singapore Marriott Hotel359 words
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Advertisement50 2006-06-06 12 H tf' 6 months of Newsweek The BUSINESS Times H < 2 bottles of red/white wine of your choice U Wine Cooler Bog complete with accessories B *i "■piiftaiaL,, M Call 6388 3838 now to subscribe Delivery charges apply WhHe stocks last. ;v *.i *Vn r The Business Times Newsweek50 words
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S'PORE ARTS FESTIVAL
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Article, Illustration471 2006-06-06 13 PARVATHI NAYAR - SAMOVAR BY THE SCHAUSPIELHAUS VIENNA By PARVATHI NAYAR IT is an interesting conceit to compress Chekov's major plays The Seagull, The Cherry Orchard. Uncle Vanya and The Three Sisters into a single work. However, the intent of Samovar Check out Chekov, presented by the Schauspielhaus Vienna, was471 words
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Article764 2006-06-06 13 JURENA CHAN - THE VEGETABLE ORCHESTRA By JURENA CHAN TAKE a head of cabbage, throw in some radishes, a couple of carrots and a few sticks of celery, and what you get is good music. That may well be a recipe for a wholesome, healthy salad, but the Vegetable764 words
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Advertisement121 2006-06-06 13 This announcement appears as a matter of record only June 2006 I GALLANT VENTURE LTD. (Incorporated in the Republic of Singapore on 7 April 2003) (Company Registration Number: *****31 79Z) (1) The placement of 280,000,000 Placement Shares (the "Placement Shares") at 550.50 for each Placement Share payable in full on121 words
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Advertisement620 2006-06-06 13 Gai# \gyrußE^ GALLANT VENTURE LTD. (Incorporated In the Republic of Singapore on 7 April 200B) (Company Registration Number: 200B*****Z) Placement of 280,000,000 placement shares (the "Placement Shares") at 550.50 for each Placement Share payable in full on application (the "Private Placement") The Board of Directors of Gallant Venture Ltd. (the620 words
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ECONOMY WATCH
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609 2006-06-06 14 Outlook for rest of year gloomy in face of rising oil prices and interest rates By OUR CORRESPONDENT in Bangkok THE Thai economy, Southeast Asia's second largest, grew by 6 per cent year-on-year during the first quarter of this year, helped by609 words
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658 2006-06-06 14 Reuters [SHANGHAI] China has announced a primary dealer system for currency trade, further reforming its foreign exchange market, but traders say the new system is unlikely to lead to a faster appreciation of the yuan. The central bank intends to keep a firm grip onReuters - 658 words
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Article, Illustration612 2006-06-06 14 Bloomberg [BEIJING] The yuan rose by the most since July's revaluation as the People's Bank of China allowed it to strengthen along with Asian currencies against the dollar. China's currency climbed 0.18 per cent against the dollar, more than half its allowed dailyBloomberg; REUTERS - 612 words
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Article499 2006-06-06 14 Bloomberg [SINGAPORE] India's rupee rose for a third day on optimism global investors, who have been net sellers of the country's stocks for the past three weeks, will buy more of the securities given the growth in Asia's fourthbiggest economy. The rupee also gainedBloomberg - 499 words
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Advertisement137 2006-06-06 14 1 > fi f THE STRAITS TIMES fl I fM f J I Prim#N®w* I l Marina Baytßßf |fl||^^^pp||^^^H^HHfl^^^PJ||HHpPl^H|^HH^^| I Twwawfc buyt Kfcoo% tJ ft K£ Ip/ |jJ J7 j J J m J M I 1 I J Mr M p"> -Ssp>i-i«^ I 0 SMS"sphnews"to7lll7 I 0 You'll receive137 words
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MALAYSIA/INDONESIA
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489 2006-06-06 15 India's Ballarpur, JP Morgan acquire 98% stake in Sabah Forest Industries Reuters [KUALA LUMPUR] Malaysia's Lion Forest Industries Bhd agreed to sell its Sabah forestry and paper business on Borneo island for US$26l million, saying the business lacked growth potential. Lion said yesterdayReuters - 489 words
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337 2006-06-06 15 Move rests on findings by ACA, says PM Abdullah [KUALA LUMPUR] Malaysia will study whether it should set up a special panel to investigate allegations of corruption among judges, reports said yesterday. Chief Justice Ahmad Fairuz Abdul Halim last week disclosed that337 words
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Article, Illustration320 2006-06-06 15 AFP [KUALA LUMPUR] The government yesterday ruled out allowing any power plants to be built in peninsular Malaysia for the next five years, saying there was enough electricity supply to last until 2011. "As far as Lim Keng Yaik as the minister isAFP; AP - 320 words
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355 2006-06-06 15 [KUALA LUMPUR] Malaysia's national railway company, Keretapi Tanah Melayu Bhd (KTMB), plans to call a tender for contracts worth a combined RMI.I billion (*****.9 million) this year, Malaysia's Business Times quoted KTMB's chief as saying. The projects will help upgrade355 words
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BRIEFLY ASIA
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Article30 2006-06-06 15 Reuters [KUALA LUMPUR] Malaysian engineering-and-power firm Ranhill Bhd is considering a US$25O million bond sale to replace an earlier plan to sell ringgit debt. ReutersReuters - 30 words
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62 2006-06-06 15 Reuters [BEIJING] Multinational corporations are capturing only a quarter of the savings that could be made from sourcing goods in China, according to a new report from consultants McKinsey. The firm said it expected multinationals to source US$l.6 trillion worth of manufactured and assembledReuters - 62 words
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Article58 2006-06-06 15 Reuters [SHANGHAI] Shanghai's stock exchange, seeking to improve the quality of its listed companies, will require them to evaluate their own internal management in their annual reports, starting with reports for this year. Each company must also set up a department in charge of improving administrativeReuters - 58 words
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Article39 2006-06-06 15 Reuters [HONG KONG] China Netcom Group Corp (Hong Kong) Ltd yesterday said it would sell Asia Netcom Corp Ltd for US$l69 million, streamlining its focus on the development of telecommunications services in China.Reuters - 39 words
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55 2006-06-06 15 AFP [SHANGHAI] Bank of China has been ensnared in another corruption scandal with a Chinese businessman arrested for embezzling 146 million yuan (5528.7 million) from the Shenqiu branch in 2004 and 2005 with the help of bank employees, the official China News ServiceAFP - 55 words
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433 2006-06-06 15 [JAKARTA] Indonesian authorities are preparing fresh charges against the jailed youngest son of former president Suharto, who is expected to be released in September, a report said yesterday. In another development, three private groups of lawyers and activists yesterday filed suit against the Indonesian433 words
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GREATER CHINA
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337 2006-06-06 16 Deal marks another push by Beijing to secure fuel for surging economy Reuters [SINGAPORE] China International Trust and Investment Corp (Citic) is close to buying Nations Energy, a private Kazakhstan oil producer, for about US$2.2 billion in what would be China's third-largestReuters - 337 words
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298 2006-06-06 16 [HONG KONG] CLP Holdings* planned US$6OO million liquefied natural gas (LNG) terminal is facing more uncertainty after the Hong Kong government found a rival project by a mainland company "plausible", according to the South China Morning Post, citing informed sources. Sinopec,298 words
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310 2006-06-06 16 Deal may involve tie-up with state oil firm Rosneft Reuters [MOSCOW] China's Sinopec is close to buying a midsized oil production company from Russian oil major TNK-BP, probably in a joint bid with Russian state oil firm Rosneft, industry sources said yesterday. TNK-BP, whichReuters - 310 words
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Article32 2006-06-06 16 UNIT TRUSTS FUNDS LEGEND: All prices are indicative;vBroadly Diversified;|Narowly Focused;$Lower Risk;^ Low to Medium Risk:&Medium to High Risk;** Higher Risk;oopen-ended;+Before subdivision of units;After subdivision of units;SP after stock split;N.A. Non Dealing Day32 words
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Advertisement34 2006-06-06 16 AllianzGI RCM Global Twin-Focus Fund a fund that offers you twin benefits Allianz (ill) of potential quarterly payouts and limits possible downside. Visit OCBC Bank for i nvestor more details. ompany rej>n. no *****7169Z34 words
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GREATER CHINA/INDIA
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294 2006-06-06 17 Reuters [SHANGHAI] Dutch banking giant ABN Amro plans to cooperate with Haitong Securities Co, one of China's largest brokerages, in a move that industry executives said might ultimately lead to the purchase of a stake. ABN Amro said yesterday that itReuters - 294 words
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334 2006-06-06 17 AP [NEW DELHI] Foreign funds have pulled out more than US$2.7 billion from the Indian stock market in the last three weeks, contributing to the recent plunge in the South Asian market after its spectacular rally, market regulator dataAP - 334 words
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224 2006-06-06 17 Most are in fixed bank deposits, Treasury debt Reuters [SHANGHAI] China revealed for the first time yesterday how the central government was managing its cash holdings, saying the money was mainly invested in fixed bank deposits and Treasury debt. The Ministry of FinanceReuters - 224 words
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480 2006-06-06 17 Decision made after president hands additional power to the premier Reuters [TAIPEI] The chairman of Taiwan's stock exchange, Wu Nai-jen, has said he would resign his position in July to stave off infighting within the ruling party, media reported yesterday. The Chinese-language Liberty TimesReuters - 480 words
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Article, Illustration285 2006-06-06 17 AFP [NEW DELHI] Bountiful early monsoon rains are raking in millions of dollars for Indian bookies taking bets on the amount of rain that will drench the country between June and September, a report said yesterday. The weather office has predicted a below normal monsoon thisAFP; REUTERS - 285 words
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316 2006-06-06 17 It's in joint venture talks with host of reactor builders Economic Times [NEW DELHI] Anil Ambanicontrolled Reliance Energy (REL) is set to enter nuclear power generation in a big way. The company is in talks with several domestic and international nuclear reactorEconomic Times - 316 words
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375 2006-06-06 17 Bloomberg [SHANGHAI] A record 5,840 people signed up to take the Chartered Financial Analyst exams in mainland China on Sunday, overtaking Hong Kong for the first time as expanding securities markets spur demand for the US-adminis-tered qualification. The number of mainland candidatesBloomberg - 375 words
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Advertisement911 2006-06-06 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERPOOL (S) PTE LTD Co. Rag. No. *****4950 C (Incorporated in (hi Republic of Swjflpoifl At an Extraordinary General Meeting of the members of the above named Company duly convened and held on 01 JUN 2006911 words
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ASIA-PACIFIC/WORLD
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682 2006-06-06 18 Ferrovial pushes for talks with BAA for its backing before it raises its offer Reuters Bloomberg [SYDNEY] The Commonwealth Bank of Australia the nation's largest asset manager may spend more than Asl billion (Ssl.2 billion) to join a Goldman Sachs-ledReuters; Bloomberg - 682 words
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586 2006-06-06 18 Reuters [SEOUL] Industrial Bank of Korea (IBK) has asked Societe Generale of France to buy part of a stake in the lender held by South Korea's government, a senior executive at the specialist bank said. The French bank had notReuters - 586 words
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Article, Illustration686 2006-06-06 18 LEON HADAR - Meetings part of efforts to exchange views with US officials regularly By LEON HADAR in Washington US administration officials and their allies on Capitol Hill have not been in a very upbeat mood these days. Continuing violence in Iraq, the nuclear crises involving IranAFP - 686 words
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778 2006-06-06 18 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo CORPORATE Japan is back on the overseas acquisition trail after a virtual absence from the global scene for well over a decade. A series of recent deals, totalling nearly US$2O billion in value, highlight what investment bankers778 words
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511 2006-06-06 18 Reuters [SYDNEY] Australian wagering group UNiTAB Ltd rejected a Asl.9 billion (552.2 billion) takeover bid from rival Tabcorp, saying it still sees a lower offer from lottery group Tattersall's as a better deal. Betting market leader Tabcorp's offer values industry No 2 UNiTAB atReuters - 511 words
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WORLD
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479 2006-06-06 19 [LONDON] A flurry of firms announced plans over the weekend to brave the recent turbulence in the stock market with initial public offerings led by Britain's largest care homes operator, Southern Cross Healthcare, according to a report in The Guardian yesterday. Southern Cross will479 words
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Article, Illustration699 2006-06-06 19 Reuters [DALLAS] It has been accused of profiting off the backs of hard-working Americans, keeping the world's biggest economy addicted to oil and being an enemy of the planet. These days, there isn't much Exxon Mobil Corp is not accused of.Reuters; AP - 699 words
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621 2006-06-06 19 Banks must share profits and risks with custromers Reuters [MANCHESTEB] Two years after its launch, Britain's first fully Islamic retail bank cannot yet offer traditional products like mortgages, but Muslim clients say they feel more at home there. "You feel you're putting yourReuters - 621 words
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538 2006-06-06 19 Bank denies report it's against proposed alliance with NYSE AFP [PARIS] French bank BNP Paribas said yesterday it had no preference over rival merger proposals for European share markets operator Euronext, denying a Financial Times report that it was opposed to a Euronext/NewAFP - 538 words
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463 2006-06-06 19 Reuters [LONDON] The recent record losses of Vodafone should focus investors' minds on the dangers of FTSE trackers and other heavily benchmarked funds, financial experts say. At first glance, trackers can seem an ideal way to invest in the stock marketReuters - 463 words
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Page 19 Advertisements
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Advertisement942 2006-06-06 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SENTIN PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Company Registration do. I*****544G At an Extraordinary General Meeting of the abovementioned Company held at 78 Shenton Way #23-01 Singapore *****0 on 29 May 2006 at 11.00 a.m., the942 words
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AVIATION
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Article, Illustration653 2006-06-06 20 VEN SREENIVASAN - Iata cites rising oil prices as reason, but says Asian carriers could earn US$1.7b profit By VEN SREENIVASAN [SINGAPORE] Airlines around the world are expected to lose about US$3 billion this year as a result of rising fuel prices, according to the airline tradeREUTERS - 653 words
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315 2006-06-06 20 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Asia's third-largest freight carrier, plans to build the world's biggest air cargo terminal in Hong Kong to meet growing demand and lower costs. The terminal would be able to handle as many as fiveBloomberg - 315 words
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268 2006-06-06 20 Reuters [PARIS] The International Air Transport Association (lata) yesterday goaded Paris airports authority ADP, in the midst of its privatisation, saying France had fattened it up by overcharging carriers serving the world's top tourist destination. Relations between lata, a lobby group representing mostReuters - 268 words
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211 2006-06-06 20 AFP [MOSCOW] US aviation giant Boeing plans to invest US$27 billion in Russia over the next 30 years, its representative for Russia and the former Soviet republics said last week. It plans to spend the money on direct contracts andAFP - 211 words
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428 2006-06-06 20 Reuters [PARIS] India is putting the finishing touches on a blueprint for expanding its air transport market, including steps to add or upgrade 400 airports and jumpstart a long-neglected air-cargo sector, a minister said yesterday. India's airlines were among the busiest buyersReuters - 428 words
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Article397 2006-06-06 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:397 words
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Page 20 Miscellaneous
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Miscellaneous188 2006-06-06 20 CRYPTIC CROSSWORD DOWN 1 0 Sweetness from Pats leanness YESTERDAY'S SOLUTION 1 Reputedly eye lost by Nelson < 12 > Across: 1 Triceratops, 8 Haemoto Danish composer (7) 15 lt>s indicative of rural ups and globin, 11 Heel, 12 Nemo, 13 Mad--2 Final plea frees relatives (7) downs (6,3) ness,188 words
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SHIPPING
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Article, Illustration655 2006-06-06 21 DAVID HUGHES - Another 100 ships will be added to the global fleet in just over two years By DAVID HUGHES in London THE global LNG carrier fleet, which passed the 200vessel mark in April, is set to expand to 300 ships by late 2008. According to the655 words
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361 2006-06-06 21 Reuters [LONDON] Mitsui OSK Lines, Japan's second largest shipping firm, is to invest mora than US$5 billion on 43 new dry bulk carriers to add to its existing fleet over the next four years. Mitsui's managing director for itsReuters - 361 words
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Article274 2006-06-06 21 SGX '000 Jun5 SS Vol CH Offshore 0.3S 0.01 215 ChuanHup A31 -0.01 539 Cosco Corporation 1.30 -0.02 1645 CWT Distribution 1.22 unch 213 Ezra Hldgs 2.36 -0.04 164 Freight Links 0.07 unch 400 Grand Banks Yacht 0.88 unch 0 Jaya Holdings 1.38 unch 173 K1 Venture .0.32274 words
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288 2006-06-06 21 DONALD URQUHART - By DONALD URQUHART [SINGAPORE] Mainboardlisted Star Cruises Ltd said it will sell one its older cruise ships from its fleet of 22 vessels for US$llO million which it will then lease back as part of its strategy of288 words
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Article, Illustration284 2006-06-06 21 AP [AHMADABAD] India's top court allowed an old Malaysian cruise liner to enter Indian waters for dismantling at a shipyard that earlier this year became a flash point for environmentalists, who stopped another ship from being broken up there.AP - 284 words
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217 2006-06-06 21 Reuters [HONG KONG] Shanghai International Port (Group) will take its Shanghai Port Container Co unit private for about 8.3 billion yuan (Ssl .63 billion), paving the way for the parent to seek a listing in China and Hong Kong, a Hong Kong newspaperReuters - 217 words
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287 2006-06-06 21 Reuters [SINGAPORE] Freight rates for dou-ble-hulled supertankers plying between the Middle East and Asia are set to rise above WS 100, as competition for tonnage comes from the United States driven by strong crude oil demand, sources said yesterday. Rates for double-hulledReuters - 287 words
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Page 21 Advertisements
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Advertisement30 2006-06-06 21 I Geta Leading Edge Your sailing schedules get wider attention in The Business Times shipping pages I Call Bernard Ong at 6319-1645 I or Michael Chng at 6319-2026 Shiphng Times30 words
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EDITORIAL & OPINION
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Article483 2006-06-06 22 EDITORIAL IN a landmark decision, Australia's competition watchdog last week approved a request from Qantas Airways and its budget offshoot, Jetstar, to coordinate their operations with Qantas's struggling Singapore-based airlines, Jetstar Asia and Valuair. This allows the two budget carriers, controlled by Qantas under its Orangestar483 words
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Article, Illustration1462 2006-06-06 22 LEON HADAR - The credibility of the new Treasury Secretary in financial markets is his major political asset LEON HADAR Washington Correspondent IF ONE had to point to the most powerful member-of former US president Bill Clinton's Cabinet, the consensus among most Washington observers andAFP - 1,462 words
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Article, Illustration822 2006-06-06 22 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON Tribune Media Services AMERICA remains the world leader in economic real income and also in political-military might. But now, to an unusual degree, our people in every region and whether rich or poor have become unhappy. ThereTribune Media Services - 822 words
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Article, Illustration1547 2006-06-06 23 KAREN LOON, MARKJANSEN - Companies must work smart to keep key talent, ensure cross-border workforce maintain competitive edge By KAREN LOON, MARKJANSEN WHILST offshoring may be the latest buzzword, financial services organisations are increasingly faced with new challenges when managing a cross-border workforce. Mention work-lifeAP - 1,547 words
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Article115 2006-06-06 23 Pardip K Bhardwaj Singapore - Pardip K Bhardwaj Singapore I AM surprised that the issue of safety in the Malacca Straits is still in its talking stage. I was a marine radio officer on board Singapore-registered vessels from 1983 through 1989 and experienced the wrath of pirates along Bangka Strait.115 words
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Article172 2006-06-06 23 LETTERS TO THE EDITOR I have been reading The Business Times for a while now. I do read the Hock Lock Siew column quite regularly. However, I would really like to know what is "hock lock siew"? What does it stand for? Perhaps past172 words
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Article, Illustration933 2006-06-06 23 ANDY MUKHERJEE - ANDY MUKHERJEE Bloomberg IF YOU believe the United Nations' population projections, every second addition to the world's workforce between now and 2010 will be in Asia. Europe will see no labour increases and Japan, a decline. Unlike in Africa, where surplus labourBloomberg; AFP - 933 words
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Article10230 2006-06-06 24 SGX MAINBOARP a-Mt TM Ian Vol Day I«OmM W* CrTW MM MCaa M# I— Coda Cia»i| SaM *1 raw) l*M» t— MP SM» CV X tuM 5 I 5711 1 st Software Sc 25 2 3 Wl 56 t 3141 STetecom 1/S2c 7 15 7 5* *3 J.J10,230 words
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Article3473 2006-06-06 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES M tWJi cm SS In USS dy yr dy y» dy %yr )un 2 India Oungi Ownfl« Chjr>Q« Owiq* Qvmqe Ch«ng« IV World Indo Preliminary 9834 03 25 ftl 08 06 6.5 t UfEPteEnMwy 8040 OA M 09 45 1-4 10.5 Eisope Preliminary3,473 words
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Page 26 Advertisements
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Advertisement1776 2006-06-06 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN STX POJBN N L Loads Singapore. E./W. Moby*., lndon« s io J E ./W. Mdoysio, lndon«io MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination DOMINATOR ADN/HDD/JDH/AQA PAN DYNAMIC DBI/ABU/DOH/NRN/DMM/KWT STX PO TBN INC/BSN Loads Singapore. E./W. Malaysia. Indonesia J loads E. Malaysia, Indonesia1,776 words
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Advertisement682 2006-06-06 26 vStn WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com VISSII vor RAMf HtIGHT SIN IK MAO S* v f TALISMAN AF4I7 320Toas MM 07/0* 02/07 11/07 15/07 19/07 17/07 TARONGA AMU 320Tmh 6.25 M 14/0* 10/07 29/07 02/01 07/00 05/00 TAME SIS Aft2o 320Toas A.4M 07/07 30/07 00/00 12/08 l*/00 14/00 New Yofi682 words
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Page 27 Advertisements
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Advertisement901 2006-06-06 27 WAN HAI INTERNATIONAL PIE LTD a NO: *****W0000/* WvWAN HAI LINES W wm-mUM lilllfelf PKL TH: 103} *****888 FAX: (03) *****288 KM IB: (04) *****00 FAX: (04)*****99 X lON IH: (07) *****23 FAX: (07)*****21 SUR HL1011) *****75 FAX: (031) *****14/ *****05 WWW.Wanhai.COM.Sg BCT TO: (021) *****88 FA* <071) *****88 FU>901 words
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Advertisement1197 2006-06-06 27 I VESSEL VOY I PKI I SIN I KARACHI PXi jjjj NHS DMM UK I KHOR IRAN SAASAEI PCL 8140 07/06 04/06 17/06 20/06 21/06 26/06 21/06 30/06 IRAN KORDCSTAN PCL Sl4l 13/06 14/06 23/06 26/06 27/06 02/07 OS/07 07/07 IRAN SHAHRYAR PCL >142 22/06 23/06 02/07 05/07 06/07 12/071,197 words
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Advertisement908 2006-06-06 27 W SidtifA, WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICQ POINTS VtSSa VOT SM PJUJLNG COLOMIO N.SNEVA COLORMO Hmrawm ytwobs otju* 07 juw iojun 13 jun ife jun IMDHA GAMDHI TOW TTTjjT "mUT 17 IUM 70 lUH fflj lAJIV GAMDHI OIO4W 20 JUM 21 JUM 24908 words
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THE BUSINESS TIMES SHIPPING TIMES
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PROPERTY
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369 2006-06-06 29 Reuters [HONG KONG] Property developer Shui On Land Ltd has set its initial public offering (IPO) price range at HK$5.6O (Ssl .14) to HK57.55 per share, aiming to raise as much as US$9B4 million, according to a termsheet seen yesterday.Reuters - 369 words
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Article, Illustration627 2006-06-06 29 DLF may raise up to US$3b by selling 202m shares Bloomberg [NEW DELHI] DLF Universal Ltd, the real estate developer owned by Indian billionaire K P Singh, plans to raise as much as US$3 billion in the nation's biggest sale of shares, bankers involvedBloomberg; REUTERS - 627 words
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314 2006-06-06 29 US$1.05b acquisition gives it a gateway into US real estate market Reuters [NEW YORK] Emaar Properties, the United Arab Emirates' largest listed company, said it bought John Laing Homes, the second-largest privately held US homebuilder, for US$l.O5 billion cash last week. The purchase createsReuters - 314 words
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320 2006-06-06 30 KALPANA RASHIWALA - By KALPANA RASHIWALA THE refurbished former Sinsov Building at 55 Market Street is being sold to Allco Commercial Real Estate Investment Trust for $72.5 million. The refurbishment is slated for completion in the fourth quarter, upon which the purchase will also be completed.320 words
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Article, Illustration413 2006-06-06 30 ARTHUR SIM - Occupation costs for prime space up 14.4% to US$41.50 psf a year since August 2005 By ARTHUR SIM PRIME office space in Singapore remains globally competitive with the city state being ranked 43rd in CB Richard Ellis (CBRE) Research's Global Market RentsFILE PHOTO - 413 words
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265 2006-06-06 30 SWATI CHAUDHARY - By SWATI CHAUDHARY GMG Building on Robinson Road is up for sale by tender at an asking price of $45 million or $820 per square feet for existing strata area. The 12-storey freehold block has a total strata area of 54,831 square265 words
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Article, Illustration460 2006-06-06 30 AP [LAS VEGAS] The site of a proposed US$3 billion hotel, condominium and casino complex backed by George Clooney, the Acade-my-award winning actor, has been sold to a competitor, the latest in a series of high-rise projects here that have been scrapped beforeAP - 460 words
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Page 29 Advertisements
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Advertisement69 2006-06-06 29 Prime Freehold Residential Land Located off Holland Road Near Holland Village Buona Vista MRT Designated as Good Class Bungalows pX S (GCB) zone u Land area about 52,989 sq ft, subdivision approved for 3 GCB plots Offers can be made for whole plot or any individual plots ~T. V C69 words
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Advertisement200 2006-06-06 29 GOOD CLASS PROPERTY AT FORD AVENUE Legal Description Lot MK4-*****X Storey Bungalow Fairly New Freehold Land Area -*****.6 sq ft (1411.8 sqm) If (U Prestigious exclusive schools such 11 afl Primary School and Raffles Girls' Primary School lIhH Located close to The Botanic Gardens and Holland _MHM[MUI Village only minutes200 words
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Advertisement85 2006-06-06 29 f Jones Lang 1 \SSBf LaSallf GILSTEAD COURT X Site Area: 75,479 sf ThonuonM Potential GFA: 144,668 sflapprox.) f subject to approval from authority I hm s Building height up to 5-storey f/sUBJECT t Near Amenities like United |l SITE z n Square/Novena Square and ow«.raM I f "Y wc««85 words
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Advertisement94 2006-06-06 29 Parakou ji4 l Building t" The ONLY brand new office J? building along Robinson Road .gflMrfi 9 Good view/good natural light ipc mm Typical floor plate of 5,360 sq ft IKI* hk I Flexible VRV aircon system SP Available inrimediately Sole Marketing Agent Winston Po 9796 4957 Agnes T«y *****17394 words
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Page 30 Advertisements
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Advertisement151 2006-06-06 30 PATERSON ROAD DEVELOPMENT SITE FOR SALE BY TENDER ra I I Walking distance to ISI I •©randHyatt Orchard Road /</ /S/ •»h4SSSar Freehold Approximately r--7 45,000 sa ft hi Z j Plot ratio 2.1 SSS L /p A/ Height control up to AZIA°A» r 24 storeys *132" D I I151 words
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