The Business Times, 12 June 2006
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2006-06-12
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The Business Times
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Title Section17 2006-06-12 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asia 1 .com.sg MICA (P) 099/03/2006 Monday, June 12,200617 words
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Article, Illustration954 2006-06-12 1 CONRAD RAJ - 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 marineFILE PHOTO - 954 words
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Article138 2006-06-12 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 *****.92138 words
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754 2006-06-12 1 ANDREW MARKS - 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. stocks754 words
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Page 1 Advertisements
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Advertisement15 2006-06-12 1 D N NG QUI Fresh start, fresh ideas PAGE 12 A X Hp agt*iitttf— ■mm15 words
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Advertisement15 2006-06-12 1 BiziT S'pore becoming global data ceiitre hub: Cisco PAGE 30 **********111 l 8 *****1 *****415 words
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Advertisement94 2006-06-12 1 PROPERTY i Newton site up for sale PAGE 2 a Sb W&M jfl V. Achieving a AAA credit rating isn't easy. It takes' AAA rating from Standard Poor's and Moody's innovation, perseverance, plus total commitment to €506 billion in assets 1,516 offlcM worldwide our customers and their core business strengths.94 words
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Advertisement10 2006-06-12 1 YOUNG INVESTORS' FORUM Intrinsic value of MBA degree PAGE 1310 words
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TOP STORIES
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Article, Illustration563 2006-06-12 2 KALPANA RASHIWALA - 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 at563 words
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Article, Illustration594 2006-06-12 2 SURESH MENON - 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 beaming594 words
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Article446 2006-06-12 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
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Article, Illustration1098 2006-06-12 3 SAMUEL EE - 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 market1,098 words
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278 2006-06-12 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, whoAP - 278 words
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Page 2 Advertisements
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Advertisement25 2006-06-12 2 Hunting season has begun. (Target: Private Bankers) UV.'.V thfpt•<)(>!••.,Hv«>'K dip Asm f\n .fir x. < utivf S.-a-rh wST i *~s oo °o L^im ff> w 725 words
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Page 3 Advertisements
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Advertisement126 2006-06-12 3 p|®%\'' v 'J^.t .>' i >1 .V-. .*s,■'■*>.■■■:: V. t: p iJ s -i-v j y*... ..-jU^ M^ifcime^BWMHH 4 f v.':., «f> <;;. f f v **1% <^; r t: ri >, 4 4 4 i *l *r "jpWV ;*<•" r A; 5 /r" >" v>' u T fe :';s'126 words
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COMPANY NEWS
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Article, Illustration664 2006-06-12 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
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328 2006-06-12 4 OH BOON PING - 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
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726 2006-06-12 4 WONG WEI KONG - 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
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242 2006-06-12 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 makerBloomberg - 242 words
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478 2006-06-12 4 OH BOON PING - 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, said478 words
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Page 4 Advertisements
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Advertisement501 2006-06-12 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,501 words
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COMPANIES
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Article, Illustration286 2006-06-12 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 areReuters; FILE PHOTO - 286 words
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290 2006-06-12 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 it290 words
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123 2006-06-12 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, cutBloomberg - 123 words
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Page 5 Advertisements
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Advertisement861 2006-06-12 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
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Advertisement1818 2006-06-12 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, Singapore1,818 words
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SINGAPORE MARKETS
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Article, Illustration694 2006-06-12 6 R SIVANITHY - 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 sense694 words
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Article637 2006-06-12 6 hywM El »ll*l fa* N|» it b hota My tei M «W IfitL 4«•» ddi ML VV»r LVkJmVv yi 1V4m »-4a <t-M Jadopccd 055 »4rn iftk* 14 U 075 71 Jui »-km CS«i MnWCAC I OS15 IMm 72 4*- IO-4of AJtodoUJ 01) IVJwi »tt> K-km MH US35« IMp637 words
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493 2006-06-12 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 againstAFP - 493 words
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Article, Illustration1832 2006-06-12 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 9.361,832 words
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367 2006-06-12 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
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Article, Illustration1401 2006-06-12 7 TEH HOOI LING - 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 plunge1,401 words
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Article, Illustration1290 2006-06-12 7 ROBERT HALILI - 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 851,290 words
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S'PORE ARTS FESTIVAL
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Article, Illustration609 2006-06-12 8 GRACE CHONG - 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 tapestry609 words
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Article, Illustration486 2006-06-12 8 JURENA CHAN - 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 from486 words
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Article, Illustration649 2006-06-12 8 BRYNA SIM - 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.649 words
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Page 8 Advertisements
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Advertisement1214 2006-06-12 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 on1,214 words
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SINGAPORE NEWS
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Article, Illustration497 2006-06-12 9 GENEVIEVE CUA - 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 hasYEN MENG JIIN - 497 words
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159 2006-06-12 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 per159 words
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Article158 2006-06-12 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 Business158 words
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Page 9 Advertisements
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Advertisement25 2006-06-12 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 I25 words
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Advertisement295 2006-06-12 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 Airline295 words
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VIEWS FROM THE TOP
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Article, Illustration3095 2006-06-12 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 HeREUTERS - 3,095 words
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Page 10 Advertisements
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Advertisement67 2006-06-12 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 economic67 words
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Page 11 Advertisements
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Advertisement74 2006-06-12 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 banking74 words
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DINING OUT
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Article, Illustration1182 2006-06-12 12 JAIME EE - 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 group1,182 words
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Page 12 Advertisements
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Advertisement168 2006-06-12 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 breakfast168 words
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Advertisement39 2006-06-12 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 times39 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1143 2006-06-12 13 SIM PING KHUAN - 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 degree1,143 words
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Article, Illustration799 2006-06-12 13 KRITI SINGH - 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 atYEN MENG JIIN - 799 words
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Page 13 Advertisements
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Advertisement251 2006-06-12 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 have251 words
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WORLD CUP 2006
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Article, Illustration697 2006-06-12 14 WINSTON CHAI - 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. HoursAP - 697 words
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621 2006-06-12 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 hadAFP - 621 words
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Page 14 Advertisements
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Advertisement702 2006-06-12 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 $1,000.702 words
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ECONOMY WATCH
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583 2006-06-12 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 ofReuters - 583 words
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408 2006-06-12 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 entitledEconomic Times - 408 words
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Article, Illustration218 2006-06-12 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 whyAP - 218 words
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400 2006-06-12 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 focusedAP - 400 words
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Page 15 Advertisements
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Advertisement64 2006-06-12 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 trends64 words
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Advertisement306 2006-06-12 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 that306 words
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MALAYSIA
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609 2006-06-12 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 goalAFP - 609 words
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Article, Illustration595 2006-06-12 16 S JAYASANKARAN - 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 some595 words
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BRIEFLY ASIA
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68 2006-06-12 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 hisReuters - 68 words
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86 2006-06-12 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 theBloomberg - 86 words
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Article70 2006-06-12 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 anyBloomberg - 70 words
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45 2006-06-12 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. —ReutersReuters - 45 words
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Page 16 Advertisements
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Advertisement31 2006-06-12 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 Newsweek31 words
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GREATER CHINA
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430 2006-06-12 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 because430 words
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Article, Illustration434 2006-06-12 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 propertyBloomberg; BLOOMBERG - 434 words
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311 2006-06-12 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 areBloomberg - 311 words
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264 2006-06-12 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 bringReuters - 264 words
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272 2006-06-12 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 byBloomberg - 272 words
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Page 17 Advertisements
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Advertisement172 2006-06-12 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. Often172 words
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Advertisement45 2006-06-12 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: *****05345 words
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INDIA
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Article, Illustration774 2006-06-12 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 mobileAFP - 774 words
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435 2006-06-12 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 departmentsAFP - 435 words
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Page 18 Advertisements
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Advertisement22 2006-06-12 18 MB Singapore AN E-MARKETPLACE BROUGHT TO YOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL 1800-289 9988 (OFFICE HOURS). *g~ ToS^22 words
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ASIA-PACIFIC/WORLD
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625 2006-06-12 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-oldAFP - 625 words
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Article2990 2006-06-12 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 Intl2,990 words
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Article551 2006-06-12 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 capturedReuters - 551 words
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Article, Illustration587 2006-06-12 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 butReuters; REUTERS - 587 words
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392 2006-06-12 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 willReuters - 392 words
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AVIATION
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Article, Illustration597 2006-06-12 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 theAFP - 597 words
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Article719 2006-06-12 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? $k719 words
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210 2006-06-12 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$5O million annually. American, the world's largest carrier, will begin returning the planes in January 2007Bloomberg - 210 words
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Article, Illustration440 2006-06-12 20 [KUALA LUMPUR] A total of 4,200 employees have applied to leave Malaysia Airlines under its mutual separation scheme (MSS) and this could help the carrier save as much as RM34O million (S$ 147.5 million) a year in labour costs, Malaysia's Business440 words
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267 2006-06-12 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, saidAFP - 267 words
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Article228 2006-06-12 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 postedReuters - 228 words
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Page 20 Miscellaneous
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Miscellaneous190 2006-06-12 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, 18190 words
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SHIPPING
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309 2006-06-12 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 MalaccaAFP - 309 words
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Article, Illustration509 2006-06-12 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 LNGBloomberg; FILE PHOTO - 509 words
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Article, Illustration698 2006-06-12 21 GEORGE JOSEPH - 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 aFILE PHOTO - 698 words
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Article508 2006-06-12 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, according508 words
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Article283 2006-06-12 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 1515283 words
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Advertisement232 2006-06-12 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 Itefluioloav232 words
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Article12002 2006-06-12 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 Intl12,002 words
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Article6093 2006-06-12 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 10 256,093 words
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Advertisement13 2006-06-12 24 Newspaper Subscription 6388 3838 Online www.straitstimes.com.sg Mobile News on all WAP-enabled mobile phones13 words
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Advertisement1747 2006-06-12 25 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMNALB/NAN STXPOTBN CAM/NFK/SAV/NO. YOU YA VCW/lAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Lood* E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.E./S.E.A. SERVICE Destination DOMINATOR ADN/HDD/JDH/AQA Destination PAN DYNAMIC DBI/ABU/DOH/NRN/DMM/KWT STXPOTBN INC/BSN ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E.1,747 words
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Advertisement708 2006-06-12 25 liniiiaha loto twvia VBSa/VOT RAMPffT) HBOMHMI HCC KQj UB SM MT straits venture 10/w is u m/m 11/04 is/w 11/04 io/m STRAITS VENTURE 11/04 15 11 22/04 25/04 2VD4 02/07 04/07 STRAITS VENTURE 12/04 IS 3.2 04/07 W/07 13/07 14/07 11/07 IAyfTRAUAM »Q»Q ttMBI y 1 vßsa/voT ijjggß) wamwl m708 words
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Advertisement1324 2006-06-12 26 WAN HAI INTERNATIONAL PTC LTD CR NO: l W*****00/R VtrA mi ana TH:*****588 (14UNK) FAX:*****163 l\\N 1 WAN HAI lINFn Custom*Sarvto/lookhgsDirectUm• (1800)*****200 IIV TTflll Imi hlllhl# pn. 1H: K>3) 3346M1S NU; (03) *****281 PWIIL (04) *****00 HUL 04)22*6W V- nMMM(O7)2SI»*2I MIH: (031) *****7S FAX: (031 32*2714/ *****05 WWW wonkai ram1,324 words
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Advertisement1117 2006-06-12 26 1 rpn EASTERN CAR LINER, LTD If -A 1 SPECIALIZE IN RORO A HEAVY LIFT UPTO 450 TOWS INTtA-ASIA SERVICE VOT I Km* I Ufth| I SIN PGU FKUN) PKKW) PNN JKT LCB MUIA SIM UPG BTU MERUOM ACE 27 30 I 12/06 I 14/04 AIALtAAg —5 R lIM I1,117 words
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Advertisement787 2006-06-12 26 m WEEKLY EXPRESS SAILING SCHEDULE I" ALSO ACCEPTING TO ALL VESSEL I VOT I SWi I PJtIAMGIcOKX—O IW. SHtV* IcOLOMDO I I ALSO ACarTWG FQ TO COCMK TUTKOUN (VU COLONBO)AM> UMXA l COAI (VIA N SNEVA) CONNKTMG MOTMR VBS TO EUROPE (FMBTOWE, MTIMMiI HAMBURG) AM) EAST COAST US* (MEW YORK.787 words
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Advertisement998 2006-06-12 27 mHoi'danci (Asia) Pte Ltd SlSZi' 70 Shutow Way, #21-03 Morim Hoos< Shi|ap»f< 0791H NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRAUA AND ISLANDS DATES ARE ARRIVAL DATES VESSEL VOY Shfor. Fn—H» Cototldad arist—slrifd Siwoft Pofkft** kkind Emres lE6OS \UT n 22JU0 JftJlID 03 Jul I 10M 11 Jul Island998 words
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Advertisement712 2006-06-12 27 aw—s%— —sk— m -M-=H==ia— ffiB« b -Jl--=si= W nil Ijjßliwil I |j»ubb_ I ti» I iii»ilww_ -M*r T& 8W fff -mzu VhTVhT Wu K7T^ VKSfI. VOY SM PORT UANG CMTTMOM Jdurta ftffiri laajkofc (PAT) Lm Owta* Voy ihwin Jakarta H *4 *liH eta ef I etd "Vw iH H PAC712 words
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Advertisement438 2006-06-12 27 CONVENTION Al SERVIg HAiXHA/CALUTTA 14 JUNE COLOMBO 15 JUNE CHENNAI/CHTG 03 JULY BOMBAY/DUBAI 05 JULY I^k^LMYMVKAnHrGMMipI I( sma i*7o) I OWNS A OPERATES THE YOUNGEST FLEET J FOURTEEN 7,000 DWT TWEEN DECKERS ICOVCUNO THE ENTIRE ASIA PACIFIC PORTS I I REGULAR WHKLY SCRVKES: IKAOHSIUNG A CHINESE PORTS, HONO KONO TO438 words
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THE BUSINESS TIMES SHIPPING TIMES
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6698 2006-06-12 28 This ETA ETA AAwUmt Vessel Voyagt Telephone ETA ETA AAwKmt VesMt *mm ET SM Dacfa Maaw Nan* Number H—tn SIN Deitn Name Name NuMber Number sil 26X16 19/07 China Shpg HELECONIA 269W *****898 24 TO ABIDJAN (ABJ) 2003 Cote D'lvoire 28/06 19/07 ChinaShpg CMA6,698 words
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Advertisement125 2006-06-12 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 Named125 words
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BizIT
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Article, Illustration967 2006-06-12 29 AMIT ROY CHOUDHURY - 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 stand967 words
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305 2006-06-12 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 upReuters - 305 words
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Article179 2006-06-12 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 participants179 words
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Article, Illustration776 2006-06-12 30 ROLAND LIM - 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. CiscoFILE PHOTO - 776 words
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<wha's up>
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Article86 2006-06-12 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, will86 words
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96 2006-06-12 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 (the96 words
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Article, Illustration87 2006-06-12 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 pages87 words
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117 2006-06-12 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, the117 words
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120 2006-06-12 30 ROLAND LIM - 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 are120 words
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422 2006-06-12 30 AMIT ROY CHOUDHURY - 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 farms422 words
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190 2006-06-12 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 toAP - 190 words
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Advertisement35 2006-06-12 30 1 I'-' f I Ba #8 I |m M VA > k fl I k\ v sr jk HK |§K v W y M v v^ >> Wlk i xHH^lfH^^^^^tM^^Hß|s v* TV' ft l t f; M35 words
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Advertisement12 2006-06-12 30 Digital convergence to usher in next tech boom: PwC survey PAGE 2912 words
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