The Business Times, 12 June 2006

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Total Pages: 30
1 30 The Business Times
  • 17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 099/03/2006 Monday, June 12,2006
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  • 954 1  -  China players pose major threat but Republic will stay preeminent By CONRAD RAJ [SINGAPORE] The Republic will continue to be a major shiprepair centre despite the threat from emerging shipyards in China, according to oil rig tycoon Brian Chang, who now builds the marine
    FILE PHOTO  -  954 words
  • 138 1 MARKETS WMk Chg« STI .2337.44 -81.98 KLSE COMP 915.40 -15.32 NIKKEI 225 *****.84....-1038.47 HANG SENG *****.69 -284.02 SET INDEX 670.41. -52 JO JAKARTA COMP ...1274.75. -72.94 MANILA COMP ....2159.50 -144.67 TAIPEI TAIEX 6444.63 -515.01 SEOUL COMP 1235.65 -73.39 SHENZHEN B 278.82 -23.14 AUSTALLORD 4926.80 -113.60 DOW JONES *****.92
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  • 754 1  -  All eyes on Fed rate stance, economic, inflation indicators By ANDREW MARKS in New York AFTER showing signs of breaking out of the slump that's beset the US stock market since the Dow Jones Industrials hit a multi-year high back in early May. stocks
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  • Page 1 Advertisements

  • TOP STORIES
    • 563 2  -  Sale of site slated for commercial devt could fetch up to $58m By KALPANA RASHIWALA [SINGAPORE] Riding on the recovery in the property market, Simon Cheong's SC Global Developments has put up for sale a commercial site it bought last year at
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    • 594 2  -  By SURESH MENON in Monte Carlo THE week-long suspense is over. South African Bill Lynch, 62, who started out as a garage hand, is the choice of the jury for the coveted Ernst Young World Entrepreneur award. On Saturday night, Mr Lynch was beaming
      594 words
    • 446 2 Pacific Healthcare expanding abroad PACIFIC Healthcare Holdings said on Thursday that it would open a hospital in Shanghai in October and a medical centre in Mumbai before year-end. It already has a medical centre in Hong Kong and one in Hyderabad, and owns and runs about 40 clinics,
      446 words
    • 1098 3  -  NEWS ANALYSIS ExxonMobil and Shell forge retail alliances in S'pore to gain edge at the pumps By SAMUEL EE THE recent moves by two oil giants to partner retail players will help them achieve something which has hitherto been elusive increasing market
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    • 278 3 AP [JAKARTA] A legal expert testified on Friday that a decree dropping corruption charges against former president Suharto was unlawful and could be revoked. On May 12, the South Jakarta Prosecutor's Office issued a decree, citing the health of the former president, who
      AP  -  278 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 664 4 It plans to open Shanghai hospital, Mumbai medical centre this year Reuters SINGAPORE'S Pacific Healthcare Holdings Ltd, a specialist healthcare provider, said on Thursday that it would open a hospital in Shanghai, China in October and a medical centre in Mumbai, India before year-end. Pacific Healthcare,
      Reuters; FILE PHOTO  -  664 words
    • 328 4  -  By OH BOON PING DBS Bank's issue of a 15-year upper tier II floating-rate note has received strong credit ratings with Moody's Investors Service giving it an "Aa3" grade. Similarly, Fitch Ratings rated it "A+", while Standard Poor's gave it an "A" rating.
      328 words
    • 726 4  -  HOCK LOCK SIEW By WONG WEI KONG THE proposed plan to restructure International Capital Investment (ICI), formerly known as Jurong Engineering and now controlled by tycoon Oei Hong Leong, does not seem to present a particularly good deal to minority shareholders.
      726 words
    • 242 4 Bloomberg TASTYFOOD Holdings Ltd, a Singapore-based maker and distributor of cereal and instant coffee mix, said it agreed to buy Full Fortune Holdings Pte for $103 million. Tastyfood, which makes Vitamax beverages and Mr Cafe instant coffee, is buying the animal feed and condiment maker
      Bloomberg  -  242 words
    • 478 4  -  UOB does well amid weak mortgage growth, reflation By OH BOON PING WHILE the reflation theme has been largely priced-in and mortgage growth remains weak, United Overseas Bank (UOB) is still preferred to other local banks with a price target of $17, said
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  • Page 4 Advertisements
    • 501 4 sia EriGinEEßinG comPAQY (Incorporated in the Republic of Singapore) Company Registration No. *****1025 C NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders (the "Shareholders") of SIA Engineering Company Limited (the "Company") will be held at The Ballroom (Level 3), Raffles Hotel,
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  • COMPANIES
    • 286 5 But HK$280m figure is well short of analysts' estimates Reuters CHINA-BASED Fibrechem Technologies, which makes synthetic fibres, said it expects to meet its own net profit target for this year, although that figure is well short of analysts' forecasts. Singapore-listed Fibrechem, whose fibres are
      Reuters; FILE PHOTO  -  286 words
    • 290 5 Clifford Chance scores fresh first iShares MSCI India CLIFFORD Chance has a history of working on firsts in the region, and its latest feather in the cap was iShares MSCI India which will be listed- on the Singapore Exchange this week. The international law firm said on Friday that it
      290 words
    • 123 5 Bloomberg CHARTERED Semiconductor Manufacturing Ltd, a maker of specialised chips used in consumer electronics such as the Xbox 360 video-game player, had its rating lowered to "reduce" at Dresdner Kleinwort Wasserstein on concerns of weakening chip demand. Ivan Goh, a Tokyo-based analyst at Dresdner, cut
      Bloomberg  -  123 words
  • Page 5 Advertisements
    • 861 5 NICO STEEL HOLDINGS LIMITED y (Incorporated in the Republic of Singapore) Company Registration No. *****4166 D Notice of Animal General Meeting NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of the Company will be held at Napier Room (502), Level 5, RELC International Hotel, 30 Orange Grove Road.
      861 words
    • 1818 5 sia EnGinEERinG comPAny (Incorporated in the Republic of Singapore) Company Registration No. *****1025 C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 24th Annual General Meeting of SIA Engineering Company Limited ("the Company") will be held at The Ballroom (Level 3), Raffles Hotel, 1 Beach Road, Singapore
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  • SINGAPORE MARKETS
    • 694 6  -  STOCKS R SIVANITHY Senior Correspondent WHICH comes first a stockmarket plunge or a recession? According to Citigroup's economics department, it's the plunge that comes first, at least as far as the Singapore market is concerned. This, of course, makes sense
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    • 493 6 CURRENCIES AFP [HONG KONG] Asian currencies lost ground against the dollar last week, as the market took hawkish comments on inflation from US central bankers as another sign of higher US interest rates to come. Japanese yen: The yen fell against
      AFP  -  493 words
    • 1832 6 Consensus No.of Forecast Mean Fri's Consensus No.of Forecast Mean Frfs recommendation esti- EPS PC target price recommendation esti- EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Company name INswk Last mth mates (cents) (ratio) price Advanced Holdings 1.00 1.00 3 5.98 9.36
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    • 367 6 COMMODITIES AFP [LONDON] Many commodity prices continued to fall last week, mirroring a downward trend on global stock markets, with metals recording further heavy losses while crude futures also slipped. Soft or agricultural commodities fared slightly better than hard commodities last week. On Friday,
      AFP  -  367 words
    • 1401 7  -  TEH HOOI LING Senior Correspondent After another week of steep losses, values are starting to emerge in the stock market. There are Singapore-listed stocks now trading at four or five times their expected earnings for this year But of course, if the current stockmarket plunge
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    • 1290 7  -  INSIDE MARKETS Purchases seen in Food Junction and Sunray; buybacks in GK Goh, Datacraft and Norelco UMS, reports ROBERT HALILI ROBERT HALILI THE buying activity by directors and substantial shareholders was high for the third straight week with 37 firms that recorded 85
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  • S'PORE ARTS FESTIVAL
    • 609 8  -  THEATREWORKS' GEISHA By GRACE CHONG ONG Keng Seng's production of Geisha sought to deconstruct the notion of the geisha by giving a contemporary treatment to stories of women from classical and modern Japan, and it succeeded well, almost. Skillfully unravelling a tapestry
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    • 486 8  -  JOHN WILLIAMS AND RICHARD HARVEY By JURENA CHAN BEAUTIFUL, soothing notes and melodies filled the Esplanade Concert Hall last Friday evening as guitar legend John Williarts and film score composer Richard Harvey serenaded the audience with a series of 11 pieces from
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    • 649 8  -  AL KASABA THEATRE CINEMATHEQUE'S THE WALL By BRYNA SIM DIRECTOR George Ibrahim does not mince his words when asked to comment about the wall the wall that divides Israel and the Palestinian territories on the West Bank of the Jordan River, that is.
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  • Page 8 Advertisements
    • 1214 8 Company Registration Number *****4711 D I J (Incorporated in the Republic of Singapore) HOLDINOB NOTICE IS HEREBY GIVEN that the Second Annual General Meeting of C2O Holdings Limited will be held at the offices of Messrs RSM Chio Lim at 18 Cross Street #08-01 Marsh McLennan Centre Singapore *****3 on
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  • SINGAPORE NEWS
    • 497 9  -  The Swiss private banking group aims to make Singapore its hub in Asia By GENEVIEVE CUA PRIVATE banking is becoming a fairly crowded arena in Singapore, but Swiss banker Julius Baer believes it will find its niche even if it has
      YEN MENG JIIN  -  497 words
    • 159 9 HIGHER education institutions continue to register the highest average value added in the education sector, as rated by the 2004 report on Education Services released by the Singapore Department of Statistics. It clocked the highest value added per worker, at $112,000, 54.3 per
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    • 158 9 DATE/ TIME EVENT VENUE 13 June Topics: 'Metal and Minerals Orchard Hotel, 8.30am 2006 and Beyond' by Ballroom 1, Level 3 Leigh Clifford, CEO of mining giant Rio Tinto 13 June Legal Breakfast Seminar- German Centre, 9.30am Legal Aspects of Stuttgart Room, Level Employment Contracts 5,25 International Business
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  • Page 9 Advertisements
    • 25 9 Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. NOTICES I
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    • 295 9 r. ACW c anniversary To mark our 60th anniversary, we're giving away retro hand luggage. lust purchase a Business Class ticket to anywhere and one of these classic Airline of the Year 2006 bags is yours.* These limited-edition bags are a way to share our pleasure at being named Airline
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  • VIEWS FROM THE TOP
    • Article, Illustration
      3095 10 THIS WEEK'S TOPIC With Las Vegas Sands winning the Marina Bay IR bid and another mega-project to come with the Sentosa IR what are the opportunities available to local companies? I SPOKE to two business associates about this: Business Associate #7 Owner of a cleaning company He
      REUTERS  -  3,095 words
  • Page 10 Advertisements
    • 67 10 BT CEOs e-Club Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with man atmosphere of informality and trust This'dub'is a virtual one; with interaction mainly via e-mail. Each week, we will, invite comments from these top executives on various economic
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  • Page 11 Advertisements
    • 74 11 money. deep as your means I I VlllH the means |^^^^^BB|H^m|H|HPPmimflH^N^N^H^PHmPH^P|H|^H^H^^nß^^P^Pl^^^| kA H1 IBM H|ißmllll HaliKllll B lIKmiBII |KM illl that never ends. A conversation we refer to as "You Us". www.ubs.com/asia 4® ÜBS ÜBS is a premier global financial services firm offering wealth management, asset management and investment banking
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  • DINING OUT
    • 1182 12  -  JAIME EE samples the cuisine at two newly opened restaurants JAIME EE La Strada Ristorante 1 Scotts Rd #02-10 Shaw Centre. Tel: 6737 2622 BY naming its newest restaurant La Strada, or "The Street". Les Amis may also have affirmed that it's the only dining group
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  • Page 12 Advertisements
    • 168 12 vt be, t(v.e Ye,<>l<Le*ti><Jl ovm^crrt, *A.(r*A,e,nt<> j-rcrh* $V 'Rcr&.cL tl\.e •b'M.sn>vftss Sj o **&■<>s&.4e>. speoiMy requested puMai/* tcr *WoL? 0V Lctia* 5 »wa,k.es p^ec.SM.tra.Wef B r a (AUt \jj JML yeh<veh«.'i>€'V f Four Seasons Hotel S&ipapwre S.NGLE OCCUPANCY FROM BED BREAKFAST PACKAGE INCLUDES A SUPERIOR ROOM AND ONE BUFFET breakfast
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    • 39 12 V 1 I I r. —ft. Get a i \y~c7 Leading Edge J Your sailing schedules get wider attention in The Business Times shipping pages j Call Bernard Ong at 6319-1 645 or Michael Chng at 6319-2026 Shipping times
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1143 13  -  Last week, we compared several MBA programmes offered by educational institutions in Singapore and in the US This week, SIM PING KHUAN assesses the intrinsic value of an MBA degree SIM PING KHUAN PERHAPS you believe that the glamour of earning a Masters of Business Administration degree
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    • 799 13  -  CAMPUS LIFE NUS alumni quartet tell KRITI SINGH about their award-winning start-up and its anchor product KRITI SINGH AT FIRST glance, the founders of ten Cube, a National University of Singapore (NUS) alumni start-up, look young and friendly, and nothing about their demeanour hints at
      YEN MENG JIIN  -  799 words
  • Page 13 Advertisements
    • 251 13 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      251 words

  • WORLD CUP 2006
    • 697 14  -  By WINSTON CHAI in Munich IT WAS an uncharacteristically quiet afternoon along most streets in Munich on Friday. It seemed the entire city had come to a complete standstill, but the roads leading up to the Allianz Arena told a completely different story. Hours
      AP  -  697 words
    • 621 14 AFP [LEVERKUSEN] South Korea aim to show that their glory run to the 2002 World Cup semi-finals was neither a fluke nor Fifa-assisted with a repeat performance in Germany starting with a win over rudderless debutants Togo. Conspiracy theorists and sceptics had
      AFP  -  621 words
  • Page 14 Advertisements
    • 702 14 [51 philips yy sense and simplicity Organised by The Business Times and Philips, it brings together 32 executives who have teamed up to help raise funds for Food from the Heart. Each executive has been assigned a team. And for every match the team plays, the executive will donate $1,000.
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  • ECONOMY WATCH
    • 583 15 Experts say latest scare a reality check, recession for US doubtful Reuters [WASHINGTON] Wall Street's latest scare about the US economic outlook may simply be a healthy, if sobering, reality check, but many experts doubt the United States is on the verge of
      Reuters  -  583 words
    • 408 15 Economic Times [BRUSSELS] Nearly half of India's exports to the 25-nation European Union (EU) entered at either zero duty or at reduced rates of duty during the last year, said an official report. Indian exports, valued at 10 billion euros (Ss2o billion), were entitled
      Economic Times  -  408 words
    • 218 15 AP [WASHINGTON] America's strong productivity has been bolstered not only by the greater use of computers and other technologies but also by the economy's flexibility, Federal Reserve chairman Ben Bernanke said on Friday. Those were some of the explanations he offered to explain why
      AP  -  218 words
    • 400 15 AP IST PETERSBURG] Finance ministers from the world's most industrialised nations were upbeat on Saturday about the state of the global economy, despite global jitters over rising interest rates and tumbling stock indices. While the final statement issued by the G8 ministers focused
      AP  -  400 words
  • Page 15 Advertisements
    • 64 15 .MBL Understand and discover the latest CRM trends and business benefits made available to the markets today. Sage, a premier global supplier of business management solutions has reaffirmed its leadership position in CRM solutions with over 2.5 million CRM users globally. Come and learn about: The latest global CRM trends
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    • 306 15 ~~7 7 7~ •<. < 7777 1 X CCH Tax Accounting Summit 2006 .t 4 -vr i 23-24 August 2006 Qf~CCH Suntec Singapore International a Wolters Kluwer business Convention Exhibition Centre Tax Accounting Summit is designed specially for regional Tax and Finance professionals across all industries. This two-day conference that
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  • MALAYSIA
    • 609 16 Access to M'sian auto and banking sectors, IP rights are sticking points AFP [KUALA LUMPUR] The United States and Malaysia embark on free trade talks today in the island of Penang, which are being fasttracked with the goal
      AFP  -  609 words
    • 595 16  -  MALAYSIA INSIGHT Dr M may be unhappy but KL shouldn't be distracted by him S JAYASANKARAN KL Correspondent MAHATHIR Mohamad hasn't been happy for a long time. In a meeting more than eight months ago with senior journalists including this writer the former Malaysian premier expressed some
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    • BRIEFLY ASIA
      • 68 16 Reuters [BEIJING] Beijing's vice-mayor, who is in charge of construction for the 2008 Olympics, has been dismissed from office for corruption and bad morals, Xinhua news agency said yesterday. The agency said the Beijing Municipal People's Congress had decided to remove Liu Zhihua from his
        Reuters  -  68 words
      • 86 16 Bloomberg [HONG KONG] Cheung Kong (Holdings) Ltd, Hong Kong's second-biggest property developer by market value, will sell 15 per cent of a suburban property development to Nan Fung Development Ltd for HK$67B million (*****.3 million). Its new partner will help share the
        Bloomberg  -  86 words
      • 70 16 Bloomberg [JAKARTA] Telekomunikasi Indonesia, which is 51 per cent owned by the Indonesian government, will have some of its directors replaced at the end of this month, Said Didu, the most senior bureaucrat at the State Enterprise Ministry, said. Mr Didu declined to give any
        Bloomberg  -  70 words
      • 45 16 Reuters [KUWAIT] Kuwait's Global Investment House said on Saturday that it has received initial approval to acquire 42.8 per cent of Pakistani brokerage Jahangir Siddiqui Capital Markets for U5537.5 million. The deal awaits Pakistani government approval. —Reuters
        Reuters  -  45 words
  • Page 16 Advertisements
    • 31 16 I'ln U m r 1 !U^ I THEBUSINESS 2 botltas of nxl/white wins of yom choice to,^,^aOT!So,ies IJBSffIFI Call 6388 3838 nam to sriiscffle Delivery charges apply The Business Times Newsweek
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  • GREATER CHINA
    • 430 17 Plans likely to be put on hold due to choppy market conditions: sources [HONG KONG] Henderson Land Development and Sun Hung Kai Properties are likely to delay launch of their planned real estate investment trusts (Reits) until after the summer holidays because
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    • 434 17 Bloomberg [HONG KONG] Shui On Land Ltd has attracted more demand for stock from investors than on offer in the company's HK57.96 billion (SSI.6 billion) initial public offering, a banker involved in the transaction said. The company, a Chinese property
      Bloomberg; BLOOMBERG  -  434 words
    • 311 17 Bloomberg [BEIJING] Officials at Bank of Communications Ltd, China's fifth-biggest lender, discovered customers at one of its branches were "defrauded" of 200 million yuan (5539.8 million) in savings, a statement on the bank's website said. The bank has notified local police. who are
      Bloomberg  -  311 words
    • 264 17 Reuters [BEIJING] The Ministry of Commerce now supports a move to eliminate a dual tax system that favours foreign companies and establish a unified flat tax, reversing its earlier position, local media reported on Saturday. "I personally feel the time is right to bring
      Reuters  -  264 words
    • 272 17 Bloomberg [HONG KONG] China will let insurers invest as much as 15 per cent of their assets overseas and take stakes in commercial banks, relaxing restrictions to help companies such as China Life Insurance Co boost earnings. The rules, announced by
      Bloomberg  -  272 words
  • Page 17 Advertisements
    • 172 17 Diners Club Card To apptp call 6416 0980 MHillflßßlßllllß World of Exclusive Privileges Treat Diners Club wunc.dmerg.com. eg International' fe vi'- A;/ r -^"-V'>.;.?■■• DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. fresh seafood by transforming them into extravagant dishes. Often
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    • 45 17 ITwH Lianhe Zaobao China funds I for I overseas I investment I QDll soon I 4>H*£SPfciia I TinaCCy avaUd6Ce here I —a ~W TE-ARO-^ESTATE BAROSSA VALLEY >,* .ic Premium Shiraz Premium GSM Dry Grown Grenache Dry Grown Cabernet c > eFV'v(jm/ 40 Holland Grove Rd. Tel: *****053
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  • INDIA
    • 774 18 'India story 1 intact despite market rout: analysts Investors should keep their eye on the big picture and be patient AFP [NEW DELHI] India's economy is growing by over 8 per cent, IBM has just said that it would triple its investment in the country and the number of mobile
      AFP  -  774 words
    • 435 18 AFP [NEW DELHI] Diplomats from India and the United States will hold talks this week to outline the practical steps needed under a deal to increase cooperation in civilian nuclear energy, officials said yesterday. A team from the US State and Energy departments
      AFP  -  435 words
  • Page 18 Advertisements

  • ASIA-PACIFIC/WORLD
    • 625 19 AFP [LONDON] British Broadcasting Corporation (BBC) director-general Mark Thompson wants to take advantage of the latest technology to turn one of the world's foremost broadcasters into a truly global media brand. He insists that the Internet is the future for the 84-year-old
      AFP  -  625 words
    • 2990 19 Transaction date: Jun 9 For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONGKONG vi fj* ssoo HKj +i- *000 Denway Motors 2.55 unch ***** Digital China J-23 unch 2068 Aeon Credit .6.40 unch 0 Dream Intl
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    • 551 19 Nymex to take on ICE during Asian hours with new contract, platform Reuters [SINGAPORE] The global war for oil exchange dominance spilled onto a new battlefield this year, with the Intercontinental Exchange (ICE) slowly eroding its US rival's hegemony in Asian-hours activity. ICE has captured
      Reuters  -  551 words
    • 587 19 Reuters [RIYADH] A stock market crash and an invigorated Islamist lobby appear to have stymied progress on political reforms in ultraconservative Saudi Arabia, analysts and diplomats say. The government of King Abdullah, who came to power last year promising cautious but
      Reuters; REUTERS  -  587 words
    • 392 19 Privatisation plan covers 60% of water consumption Reuters [RIYADH! Several major utility firms have expressed interest in bidding for concessions that Saudi Arabia plans to award for water and sewage services, said the kingdom's Minister of Water and Electricity. The concession agreements will
      Reuters  -  392 words

  • AVIATION
    • 597 20 Local funding of the US$lb revamp could boost Malaysian banking sector: analyst AFP [KUALA LUMPUR] Lowcost carrier Air Asia may finance the purchase of 27 Airbus aircraft in the local market, in a billion-dollar deal that would be a major boost for the
      AFP  -  597 words
    • 719 20 city Fu«n eta Fuan etp s2ogi Ah* Dhabi S045S 1135 (S§9 0805 AH® 1625 jr. 1- HII il® S i AtMud u EK4|| HH 111 J! s J Wm^m f«Ao. n»o III? 9™$ U« SSM TR943 1505 TR942 0635 n J1 111 Wj0qA yjjffi r.SBi? $k
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    • 210 20 Bloomberg [DALLAS] AMR Corp's American Airlines will return 19 Boeing 757-200 jets to their owners when leases expire over the next two years, saving US$5O million annually. American, the world's largest carrier, will begin returning the planes in January 2007
      Bloomberg  -  210 words
    • 440 20 [KUALA LUMPUR] A total of 4,200 employees have applied to leave Malaysia Airlines under its mutual separation scheme (MSS) and this could help the carrier save as much as RM34O million (S$ 147.5 million) a year in labour costs, Malaysia's Business
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    • 267 20 AFP [TOULOUSE] Aircraft manufacturer Airbus said on Saturday that three cables were found cut on an Airbus A3BO that was being assembled at its Toulouse factory in southwestern France. An internal investigation is underway to determine what happened and why, said
      AFP  -  267 words
    • 228 20 Reuters INEW YORK] The six largest US airlines, hammered by five years of brutal losses, have streamlined their fleets and are flying far fewer planes, helping them stage a recovery as they focus on profitability, The Wall Street Journal reported. Improving financial results posted
      Reuters  -  228 words
  • Page 20 Miscellaneous
    • 190 20 CRYPTIC CROSSWORD a hoard (4-6,5) sioned(7) YESTERDAY'S SOLUTION DOWN 14 Seasoning furniture? (5,4) Across: 1 Masses, 4 Stagnant, 9 1 Winter's eavesdroppers (7) 16 Elementary clue used in adver- Notice, 10 Inundate, 11 Tramps, 12 2 Critical trials for top cricketers tising, for instance (4,5) Reverend, 14 Bread knife, 18
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  • SHIPPING
    • 309 21 AFP [KUALA LUMPUR] Japan hopes to work together with Malaysia in the fight against terrorism and to safeguard the strategic Malacca Strait, a senior Japanese official said. "Malaysia is our important partner because you are in command of the Malacca
      AFP  -  309 words
    • 509 21 Bloomberg [SINGAPORE] Hanjin Heavy Industries Construction, South Korea's fifth-largest shipyard, said it aims to win more contracts to build liquefied natural gas carriers as it triples capacity to make vessels that yield higher margins. Hanjin Heavy will have capacity to build 10 LNG
      Bloomberg; FILE PHOTO  -  509 words
    • 698 21  -  Port retaliates with priority clearance scheme as lines impose surcharge By GEORGE JOSEPH [SINGAPORE] A tussle between Bangladesh's Chittagong port and a group of shipping lines over congestion and productivity problems at the port has escalated with the group's members slapping a
      FILE PHOTO  -  698 words
    • 508 21 Group, including GIC, to launch £2.5b offer in next few days: report [LONDON] A consortium led by Goldman Sachs, the US investment bank, is putting the finishing touches to a £2.5 billion (557.3 billion) offer for Associated British Ports, Britain's largest ports operator, according
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    • 283 21 SGX 000 mi s$ w CH Offshore .0.34 0.01 130 Chuan Hup........ 0.31 unch 1033 Cosco Corporation 1 22 0.02 ***** CWT Distribution 1.16 unch 122 Ezra Hides 2.05 0.05 1720 Freight unto .0.06 0.01 1379 Grand Banks Yacht 0 90 0.02 20 Jaya Holdings 1.27 -002 1515
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  • Page 21 Advertisements
    • 232 21 I Digital: The Journey Forward I I BrnadEastl\sia2oo6 I I The 11th International Digital Multimedia Entertainment Technology Exhibition Conference I Conference Exhibition Venue I 19-22 June 2006 20-22 June 2006,10.30 am to 6pm Singapore Expo I 23 June2oo6,lo.3oam to Spm Hall 768 I I Open to trade only Excillmi Itefluioloav
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  • 12002 22 STRAITS TIMES INDEX STOCKS Stodi nam* MR Close Change Stock name MR daw Change Stock name MR Ooae Change Allgreen 50c 0.30 1.260 +0.040 HyftuxSc 0.36 2.200 +0.150 STEngglOc 1.73 2.630 +0.010 Ascendasreit 109 2 040 -0.020 JMHUS25c400 3.29 17.700 +0 200 STATSChP25c 0.85 0.950 +0.015 BIL Intl
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  • 6093 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES la local cot to SS to US} %<ty r r <>y *y lnd«* Quuiga Owqt OimQ» Chang* Cfurtg* Ch«ng« Wtrtd tndat Prelirmnarv 9624 06 47 06 -20 07 12 t fArtPrtfrrwiary 9551 14 -1~9 1j6 -03 17 4.0 12B.7 16 -03 10 25
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  • Page 25 Advertisements
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  • THE BUSINESS TIMES SHIPPING TIMES
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  • Page 29 Advertisements
    • 125 29 I 1 Oracle Database 10g World's #1 Database Small Business I QRACLg..database STANDARD EDITION ONE ;4S ■J j na Starts at US$l49 per user v Oracle Database 10g— Easy to use. Easy to manage. oracle.com or call 1.800.672.2531 Terms, restrictions and limitations apply. Standard Edition One is available with Named
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  • BizIT
    • 967 29  -  S'pore firms poised to take advantage of expected upsurge in Asia-Pac Reports by AMIT ROY CHOUDHURY DIGITAL convergence, and the resulting "urge to merge", is expected to usher in the next boom in the technology industry and Singaporean companies stand
      967 words
    • 305 29 Reuters [NEW YORK] Verizon Wireless, the No 2 US cellphone service provider, plans today to launch a wireless service that lets parents check their children's whereabouts and alerts them when they venture out of bounds. Parents can use the service to set up
      Reuters  -  305 words
    • 179 29 WHICH sectors do technology, media and telecom executives believe will become the overall winners in digital convergence? Whether through M&A (mergers and acquisitions), partnerships, alliances, innovation, organic growth or by just being in the right place at the right moment, the PricewaterhouseCoopers (PwC) survey participants
      179 words
    • 776 30  -  Many MNCs have been moving their data centres here, Cisco's MD tells ROLAND LIM ROLAND LIM SINGAPORE, already established as a hub for regional data centre operations, is rapidly becoming a global data centre hub as well, says networking vendor Cisco Systems. Cisco
      FILE PHOTO  -  776 words
    • <wha's up>
      • 86 30 THE Infocomm Development Authority of Singapore (IDA) has appointed Tham Ai Chyn as its new assistant chief executive for industry and cluster development. Starting June 26, Ms Tham, who is currently CEO of NCS Communications Engineering Pte Ltd and CEO of NCS China, will
        86 words
      • 96 30 AS part of the Singapore Infocomm Technology Federation's (SiTF) iX Conference this year, Singapore Management University's (SMU) School of Information Systems will be hosting the iX2006 Academic Forum that will see distinguished speakers from Google Inc. British Broadcasting Corporation and the Wikimedia Foundation (the
        96 words
      • 87 30 FUJI Xerox Printers has launched the Work Centre PE22O ($599), an A 4 monochrome multifunction printer targeted at SMBs, and the DocuPrintC43so ($5,999), an A3 colour printer for large workgroups. The Work Centre PE22O (above) is capable of a print speed of 20 pages
        87 words
      • 117 30 HARD disk drive (HDD) giant Seagate has launched a slew of new storage products, including a 60GB compact 1.8 inch HDD featuring perpendicular recording technology which helps it squeeze more storage capacity from its HDDs. It also launched a new 2.5 inch notebook HDD, the
        117 words
      • 120 30  -  Compiled by ROLAND LIM SINGTEL has launched a new off-site data backup service targeted at small and medium businesses (SMBs). Its Offsite Backup Restore (OBR) service also allows businesses to access their office data securely from anywhere in the world, as long as they are
        120 words
    • 422 30  -  It gives IT depts enhanced infrastructure capabilities By AMIT ROY CHOUDHURY VMWARE, which makes virtual infrastructure software for enterprises, has launched its third generation infrastructure virtualisation software suite, VMware Infrastructure 3, in Singapore. The software suite gives IT departments infrastructure capabilities for entire farms
      422 words
    • 190 30 AP [SAN JOSE, California] Intel Corp is moving up the planned shipment date of a computer chip that will compete against one from rival Advanced Micro Devices Inc (AMD). Intel officials told analysts during a conference call on Friday that the company expects to
      AP  -  190 words