The Business Times, 16 June 2006

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Microfilm: NL26922
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Friday, June 16,2006
    15 words
  • Article
    Lock icon More law firms getting into the en bloc action
    714 1  -  By WEE LI-EN ISINGAPORE] More law firms are muscling in on the wave of en bloc action that has hit the property market, with brand-name firms making their presence felt. Although firms such as Rodyk Davidson, Lee Lee and Phang Co
    714 words
  • Article
    Lock icon Govt goes big on hotel sites
    927 1  -  H2 land sales also feature maiden retirement housing plot, ex-NCO Club on Beach Road By KALPANA RASHIWALA [SINGAPORE] Eight of the 15 new sites announced in the Ministry of National Development's (MND's) sec-ond-half land sales programme are for either hotel development or have a
    927 words
  • Article
    Lock icon MARKETS DIGEST
    133 1 STI 2,***** (+21.76) ST INDEX FUTURES 2,303.00 (+21.00) SIMSCI 274.65 (+2.93) SIMSa FUTURES 275.80 (+5.00) MARKETS Thursday Change KLSECOMP 886.48 -6-75 NIKKEI 225 14,470.76 +161.20 HANG SENG 15,435.08 +187.16 SET INDEX 648.32 +1.63 JAKARTA COMP 1,241.650 +7.452 MANILA COMP 2,081.80 -14J0 SEOUL COMP 1,219.40 2.33 SHENZHEN B 275.97
    133 words
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  • TOP STORIES
    • Article
      Lock icon No crisis in global equity markets yet: IMF
      578 2 But it warns recent slide could create problems if it continues for much longer Reuters [WASHINGTON] The recent slide in emerging markets does not yet signal a global financial crisis but could cause problems if it carries on for much longer, the
      Reuters  -  578 words
    • Article
      Lock icon Cambridge trust IPO is off, say sources
      560 2  -  By LESLIE YEE [SINGAPORE] Cambridge Industrial Trust (CIT) has called off its initial public offering (IPO) in the wake of weak response from investors on its international roadshow, according to sources. Recent falls in global equity markets and fears of rising interest rates
      560 words
    • Article, Illustration
      Lock icon E5O ranking would be morale booster for us: Harry's lnt'l
      488 2  -  By CHEN HUIFEN [SINGAPORE] A place on the annual Enterprise 50 (E5O) ranking would be a major boost to the morale of his employees, according to Mohan Mulani, managing director of Harry's International. His company is taking part, for the
      ARTHUR LEE  -  488 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      503 2 S'pore Q1 jobless rate holds steady at 2.6% LAY-OFFS continued to rise in the first three months of this year, even though more jobs were created. Retrenchment jumped for a third straight quarter in January-March as 3.511 workers were axed 9.7 per cent more than in the previous
      503 words
    • Article, Illustration
      Lock icon S'pore Q1 jobless rate holds steady at 2.6%
      610 4  -  Retrenchments up for third straight quarter as 3,511 jobs were lost By CHUANG PECK MING [SINGAPORE] Lay-offs continued to rise in the first three months of this year, even though more jobs were created. Retrenchments jumped for a third straight quarter in
      FILE PHOTO  -  610 words
    • Article
      Lock icon Bidding war looms for UK ports operator
      395 4  -  By DONALD URQUHART [SINGAPORE] An all-out bidding war is on the verge of breaking out over the UK's largest ports operator, Associated British Ports (AB Ports), after a group led by Australia's Macquarie Bank rattled the cage by provisionally countering the standing bid
      395 words
    • Article, Illustration
      Lock icon Nightspot auction meets cool response
      400 4  -  By MELISSA LOH [SINGAPORE] Madam Wong's may have been a hot joint for clubbers but the property on Mohamed Sultan Road did not live up to the expectations of its owners in a widelywatched auction yesterday. The two Peranakan shophouses with a combined floor area
      FILE PHOTO  -  400 words
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      95 2 f 1 HI W&PM I KS i/By V <« -I [I S I Alllfl® VMr JBr ;fl I BMmSI 'J ipil distinrtlv freehold U! JLIMUIIJ. STRATA BUNGALOWS A CLASS OF ITS OWN FOR SALE Tucked within one of Singapore's finest residential 'xjA districts, newly completed Trevose 12 celebrates the design
      95 words
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      Lock icon Page 2 Advertisements Column 2
      10 2 people Corporate matchmakers. mv.v th-'iH'Opi-Mt'.vprk.com Asia t '.tc.fit Lxecwtivt; Search
      10 words
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      513 words
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  • Page 4 Advertisements
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      126 4 ST 1 Retail Price y42 80(8 av&H&Me in i 9 a p° re I Riedel I I Bordeaux Grand y^s for every Satin Silver Colour Bottle storage up to 189 Bordeux BB type bottles Fully equipped with 13 sliding .%5* shelves Double Filtered Glass Made in France Bacchus 290 Orchard
      126 words
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      29 4 -r-. 1 Geta Leading Edge i Your sailing schedules get wider attention Call Bernard Ong at 6319-1645 M in The Business Times shipping pages or Michael Chng at 6319-2026
      29 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Shui On backs off, Yanlord powers on
      561 5  -  IPO WATCH Latter also sees new property curbs in China as good in the long-term By ARTHUR SIM STOCK market jitters around the region may have scuttled the initial public offering (IPO) in Hong Kong of property developer Shui On Land, but in
      561 words
    • Article
      Lock icon Stock options abuse – is there a solution?
      740 5  - Stock options abuse is there a solution? HOCK LOCK SIEW By MICHELLE QUAH A RECENT study suggesting that some Singa-pore-listed companies may be manipulating the timing of their stock option grants has drawn gasps from many quarters of the investing community. And, echoing current moves in the United States, there
      740 words
    • Article, Illustration
      Lock icon An ETF to tap into India's growth
      518 8  -  iShares MSCI India touted as a lower cost more flexible option for investors By SWATI CHAUDHARY THE iShares MSCI India exchange traded fund (ETF), which began trading yesterday, will add to the diversity of investment products that ride on India's growth. Heng Swee
      ARTHUR LEE  -  518 words
    • Article
      Lock icon SIA flies more passengers, cargo in May
      336 8 Bloomberg SINGAPORE Airlines filled more seats and cargo space for the ninth straight month in May, as economic growth lifted incomes and encouraged more people to travel. SIA filled an average 64.6 per cent of its combined passenger and cargo capacity in May,
      Bloomberg  -  336 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5798 8 UNIT TRUSTS FUNDS ACMGI Amer Income B USO 84/ ACMGI Amer Income A EUR 6.661 ACMGI Amer Income B EUR 6.66/ AW Amro «wt Mgt (S pore) ACMGI Europ tame Opp AT SGD 15.05/ Star Ewope Eigy! 0J69 ACMGI Europ home OppBTSGD 15.05/ SarEuopeBcnd 1.17« ACMGI Euop Income Opp AT
      5,798 words
    • Article
      Lock icon Creative up as US ITC probes patent complaint
      435 9 Complaint seeks to halt sales of iPods in the US by rival Apple Bloomberg SHARES of Creative Technology rose after the maker of Zen digital music players said the US International Trade Commission will investigate its complaint that larger rival Apple Computer
      Bloomberg  -  435 words
    • COMPANY BRIEFS
      • Article
        Lock icon A-Sonic satisfied with Airocean audit
        74 9 A-SONIC Aerospace yesterday said it is satisfied with the due diligence exercise undertaken on Airocean Group and its subsidiaries. The exercise, conducted by an independent audit firm, is one of the conditions of a subscription agreement entered between A-Sonic's wholly-owned subsidiary Janco Strategic Biz Pte
        74 words
      • Article
        Lock icon Vantage stands by its valuation on PacNet
        67 9 RESPONDING to Mediaßing's extension of its conditional general offer to acquire Pacific Internet, substantial shareholder Vantage Corp yesterday reiterated its rejection of the offer. Vantage stands by its earlier belief that Pacific Internet shares are worth much more than Mediaßing's offer of US$B.25
        67 words
      • Article
        Lock icon M 1 to terminate unregistered cards
        107 9 Ml said it has terminated sold, prepaid Ml SIM cards not registered by May 1, to comply with new regulatory rules governing the registration of prepaid SIM cards in Singapore. It estimated that some 100,000 of such prepaid SIM cards will be affected. Taking
        107 words
      • Article
        Lock icon Dragon Land appoints new chief executive
        118 9 DRAGON Land has appointed GohToh Sim as its new chief executive officer with effect from July 1. Mr Goh, 50, has been an independent director of Dragon Land since April this year. Mr Goh is CEO of Ascendas China Pte Ltd since Jan 1,
        118 words
    • Article
      Lock icon China Petrotech secures logging service contract
      362 9  -  Deal triples unit's annual revenue in such services By RONNIE LIM CHINA Petrotech Holdings which is increasingly moving to become an oil play, from just an IT services provider said a subsidiary has secured additional logging service contracts in the Ta Zhi Oil Field
      362 words
    • Article
      Lock icon Addvalue expects further fall in losses
      335 9 Reuters ADDVALUE Technologies, which makes navigation devices, expects to cut its operating losses further in the current financial year thanks to robust demand for high-speed satellite communications terminals. These devices use satellite connections to provide high-speed data transfers, offering voice, video and Web access
      Reuters  -  335 words
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      46 5 w *i 3> .«HJ3 f -^MBWBS <*• i|| k mg* 1 %^^^^m!B^BSl > m ■"••'§gg I ipriisMP Wmio)M jrt* dSHik -t 4K, v «i CHANOf Celebrating the arrival of Shanghai Airlines, which will operate all-cargo flights between Shanghai and Singapore 8 times a week. SHANGHAI AIRLINES jMkM AIRPORTSINGAPORE
      46 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Relief rally or market correction?
      527 6  -  STOCKS Investors welcome rebound but stay wary given that Wall Street still looks vulnerable R SIVANITHY Senior Correspondent CALL it a dead cat bounce, a relief rally or a short-covering-driven rebound, but there was no denying that yesterday's 21.76-point rise in the Straits Times Index
      Source: Bloomberg  -  527 words
    • Article, Illustration
      Lock icon TRADES TO WATCH
      1023 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on iun 15 and eariier) Subsantial No of Wee SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr S C00Q) COOP) Guthrie GTS 15-Jun-06 Putra Masagung *Buy 260 0.21 *****1 19.20 *****1 19.23 LafeTech 15-Jun-06 Ho Wing-On
      1,023 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      946 6  -  Compiled by UMA SHANKARI The Ascott Group June 15 dose: 94.5 cents ÜBS INVESTMENT RESEARCH. June 14 WE met with management: Ascott is on track to increase from the current 16,000 units to 25,000 units by 2010. We expect the company to improve the value of CRM (customer
      Source: Bloomberg  -  946 words
    • Article, Illustration
      Lock icon Yuan leads comeback in Asia as US$ stalls
      523 6  -  CURRENCIES LARRY WEE Senior Correspondent THE CHINESE yuan instigated an Asian currency comeback versus the US dollar yesterday, after a slightly higher-than-expected US CPI rise failed to give the greenback much of a boost. The core reading for May CPI matched April's
      Source: Reuters  -  523 words
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  • THE CFO INTERVIEW
    • Article, Illustration
      Lock icon More than number crunching
      1594 7  -  Besides controlling finances, today's CFOs must ensure optimal performance, DBS Group CFO Jeanette Wong tells SIOW LI SEN SIOW LI SEN IT'S not that Jeanette Wong chief financial officer (CFO) of DBS Group the largest bank in South-east Asia and the second biggest stock here by
      1,594 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      201 7 MEMBER Of TMI ON ATA GROUP SHANGHAI AIRLINES H Jmhbm# CIAS WARMLY WELCOMES SHANGHAI AIRLINES 1 -t -HI SHANOHA! Ainunes E— jK^^^^MagjH Shanghai Airlines, the first established commercial airlipe in mmimimimim 'liiliK '•Irtrii^k freighter services to Singapore from Pudong, Shanghai. Changi International Airport Services Re Ltd (CIAS) is proud to
      201 words
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      35 8 II v You can now use your CPF savings to invest in AllianzGI Global Allianz (jfi) Hiqh Payout Fund. Visit our appointed distributors tor more details. Global |nvestors J I I company regn. no I*****169Z
      35 words
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      373 9 PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED (Incorporated In the Republic of Singapore) Company Registration Number *****0381N POSTPONEMENT OF COURT MEETING The Board of Directors (the "Board") of Pacific Century Regional Developments Limited (the "Company") refers to the proposed acquisition by TPG Century Ltd. and Newbridge Century Ltd. through a scheme of
      373 words
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      1314 9 :*at^ NOTICFS 1 1 1 j Toll free: 1800-289 8822 Email: notices@sph.com.sg I Head Office Friedrichswall 10, D-***** Hannover, Germany mmm* Te (0511) 361 0 Fax: (0511) 361 2502 Norddeutsche Landesbank Girozentrale Singapore Branch 6 Shenton Way #16-08 DBS Building Tower 2, Singapore *****9 Tel: 6323 1223 Fax: 6323 0223
      1,314 words
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  • SINGAPORE NEWS
    • Article
      Lock icon May exports seen rising on electronics demand
      604 10 Pharmaceuticals also expected to contribute to 1.2% growth forecast Bloomberg SINGAPORE'S exports probably rose for a second month in May as higher global demand for electronics boosted orders at companies such as Chartered Semiconductor Manufacturing and drugmakers shipped more. Non-oil domestic exports increased
      Bloomberg  -  604 words
    • Article, Illustration
      Lock icon PM Lee visits Aussie War Memorial
      238 10  -  By NANDE KHIN UNDETERRED by the morning fog that blanketed Canberra, Prime Minister Lee Hsien Loong visited the Australian War Memorial yesterday on his third day in the Australian capital. The memorial commemorates the 102,000 Australian soldiers who died in wartime, including those who
      STEPHANIE YEOW/ST  -  238 words
    • Article
      Lock icon Watches, jewellery shine as retail sales jump 6.7% in April
      383 10  -  By MATTHEW PHAN RETAIL sales in April rose 6.7 per cent year-on-year, chalking up a total value of about $2.5 billion, the Department of Statistics said yesterday. All retail sectors reported higher receipts, with sellers of watches and jewellery, as
      383 words
    • Article
      Lock icon Smoking ban soon at hawker centres, coffee shops
      391 10  -  By JENNANI DURAI COME July 1, the ban on smoking will be extended to hawker centres, coffee shops, and cafes. The Ministry of the Environment and Water Resources and the National Environment Agency (NEA) made the announcement last year. The ban will
      391 words
    • Article
      Lock icon S'poreans prefer to retire later than save more
      560 10  -  By MATTHEW PHAN UNIQUELY in the world, Singaporeans would prefer to work for more years than to be made to save more for their retirement, the head of an institute studying the problems of ageing said yesterday. Singapore has a few years
      560 words
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      1443 10 >AT^ 0 NOTICES FORM 69 (3) (RULE 91) IN THE HIGH COURT OF SINGAPORE COMPANIES WINDING UP NO. 241 of 1998 IN THE MATTER OF MILLENNIUM-WESTMONT PTE LTD (IN LIQUIDATION) NOTICE OF INTENDED DIVIDEND Name of Company MILLENNIUM-WESTMONT PTE LTD Registered Office 16 Raffles Quay #14-02 Hong Leong Building Singapore
      1,443 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Half-point hike not likely, US Fed officials suggest
      684 11 But quarter-point jump to 5.25% is all but certain given rising inflation Reuters [CORPUS CHRISTI, Texas] Federal Reserve officials said on Wednesday that they wanted to avoid undermining growth by raising interest rates too fast, a clear hint that a half-per-centage-point hike
      Reuters; BLOOMBERG  -  684 words
    • Article
      Lock icon China orders tighter curbs on lending
      247 11 Bloomberg [BEIJING] China's Premier Wen Jiabao has ordered local governments and banks to tighten lending for investment projects as the government seeks to prevent excess capacity from building up in some industries. China's fixed-asset investment and money supply are growing excessively, while "structural problems"
      Bloomberg  -  247 words
    • Article
      Lock icon Japanese growth may push yen to decade high: Sakakibara
      631 11 Bloomberg [TOKYO] Eisuke Sakakibara, former currency-poli-cy chief at Japan's Ministry of Finance, said the yen may reach a more than one-decade high against the US dollar this year as local growth accelerates and the US economy cools. "I'm still a yen
      Bloomberg  -  631 words
    • Article, Illustration
      Lock icon US$5.4b for Indon development
      404 11 [JAKARTA] The Consultative Group on Indonesia (CGI) has pledged US$5.4 billion in total loans and grants this year to support the government's mediumterm development and reconstruction of disaster areas, says a report in The Jakarta Post. The newspaper says the commitment, which the country's group of
      AFP  -  404 words
    • Article
      Lock icon ECB ready to raise interest rates to tackle inflation
      450 11 Reuters [FRANKFURT] The European Central Bank (ECB) stands ready to raise interest rates again when needed to address inflationary pressures in the euro zone, ECB policy-makers said yesterday. Monetary indicators point to upside price risks, the ECB said in its June
      Reuters  -  450 words
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      20 11 lnviting tenders? Call 1800 289 8822 or email notiees@sph.com.sg to book your tender notice in our newspapers now. WATaW NOTICES
      20 words
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      Lock icon Page 11 Advertisements Column 2
      76 11 miff BSS KrW FREEHOLD SITE NEAR SOMERSET MRT Site Area: Approximately 10,050 sq ft Centrepoint ot atio: 2-8; up to 6 storeys Ro 3-minute walk to Somerset MRT Station, Llty fIMSHI Orchard Glutton Centrepoint, upcoming Glutton Square development QQ3 Square Zoning: Residential with I storey commercial Somerset Outline Approval granted
      76 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bank Mandiri warns debtors to pay up
      407 12 Deadbeats face litigation if they don't show good faith [JAKARTA] Bank Mandiri unveiled on Wednesday the names of 30 corporate borrowers with non-perform-ing loans exceeding one trillion rupiah (Ssl6B million) each, warning them to show good faith in settling their debts or face
      BLOOMBERG  -  407 words
    • Article
      Lock icon BURSA MALAYSIA
      2336 12 VOi General Corp ......a55 0.02 49 H Genting 21*) 020 555 George Kent .0.47 unch 47 A&M Realty 135 unch 1 GHLSystems 0.19 0.01 4798 Abric 031 unch 14 Globetronta Tech 0.30 -0.01 505 ACP Industries 0.76 -0.01 63 Glomac Bhd 1.15 unch 26 Advance Synergy .0.19 unch
      2,336 words
    • Article
      Lock icon Indon energy sector poised for revival
      864 12  -  B y SHOEB KAGDA in Jakarta INDONESIA'S energy sector, long overlooked by investors because of falling production and political uncertainty, is showing signs of a comeback on the back of record high commodity prices and recent government policy. High oil prices have not only
      864 words
    • Article
      Lock icon Indon government waffles on demand to scrap syariah bylaws
      433 12 [JAKARTA] Calls for the central government to scrap syariah-inspired ordinances adopted in many of the nation's regencies and cities have received a cautious response from top officials, according to a report in The Jakarta Post. Home Minister Muhammad Ma'ruf said on
      433 words
    • Article
      Lock icon BIMB Holdings to rationalise operations: report
      524 12 It aims to find niches in Islamic finance [KUALA LUMPUR] BIMB Holdings Bhd parent of Bank Islam Malaysia Bhd is to undertake a rationalisation exercise that will transform the once quiescent holding company into a regional Islamic financial services group with strengths in investment
      524 words
    • BRIEFLY ASIA
      • Article
        Lock icon Hong Leong sees strong loan growth
        68 12 Reuters [KUALA LUMPUR] Hong Leong Bank Bhd, Malaysia's sixth-largest bank by assets, expects loan growth of up to 15 per cent this year, managing director Yvonne Chia told reporters yesterday. She declined to go into detail when asked about her acquisition strategy, saying only:
        Reuters  -  68 words
      • Article
        Lock icon Malaysian court bars Cherie Blair from case
        73 12 AP [PUTRAJAYA] Malaysia's top court yesterday barred the wife of British Prime Minister Tony Blair from representing a local company in a high-profile legal case, saying her foreign expertise is not needed here. The Federal Court order against Cherie Blair, who is a
        AP  -  73 words
      • Article
        Lock icon Tata Consultancy eyes UK's Vertex: paper
        57 12 Reuters [MUMBAI] India's top software services exporter, Tata Consultancy Services Ltd, is looking to buy UK's Vertex for US$BOO millionUS$l billion, the Times of India newspaper said yesterday. Manchesterbased Vertex is the business process outsourcing division of United Utilities Pic, which regards Vertex as
        Reuters  -  57 words
      • Article
        Lock icon PT Bumi to buy PT Energi for US$1.2b
        130 12 Reuters [JAKARTA] Indonesian miner PT Bumi Resources Tbk will buy oil exploration firm PT Energi Mega Persada Tbk for US$l.2 billion in stock in a long-awaited deal to create a national energy champion. The deal values Energi at about 800 rupiah per
        Reuters  -  130 words
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  • WORLD CUP 2006
    • Article, Illustration
      Lock icon Clash of the Orange titans
      821 13  -  By WONG WEI KONG ORANGE will rule the stands tonight when Holland the Old Oranje of the World Cup Finals takes on newcomer Ivory Coast, which plays in the same colour. One team, of course, will have to turn up in anything but orange, but
      REUTERS  -  821 words
    • Article
      Lock icon S Korea out to take France to the cleaners
      440 13 AFP [LEVERKUSEN] The "Oxygen Tank" wants to show he has more lung power than Claude Makelele and the "Vacuum Cleaner" will be looking to sweep up the midfield threat posed by Zinedine Zidane and Patrick Vieira. South Korean midfielder cum winger
      AFP  -  440 words
  • Page 13 Advertisements
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      562 13 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. "Having beaten Ivory Coast 2-1, "I
      562 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon HK consumers unruffled by rate talks
      708 14 Buoyed by wage growth, shoppers unfazed by higher interest rates Reuters [HONG KONG] The prospect of more interest rate rises is rattling the Hong Kong stock market but apparently not consumers, who are buoyed by wage growth and solid economic fundamentals. Emerging markets have
      Reuters  -  708 words
    • Article
      Lock icon India orders foreign banks to monitor accounts of politicians
      255 14 Economic Times [NEW DELHI] India's central bank has ordered foreign banks operating in the country to strictly monitor the accounts of Indian politicians and other people holding public offices, whom it calls "politically exposed persons" (PEPs). PEPs are defined as people
      Economic Times  -  255 words
    • Article
      Lock icon Islamic fund focusing on China to raise US$1b
      276 14 Bloomberq [HONG KONG] China Reference Fund the first Islamic private equity fund focused on the country seeks to raise US$l billion in the next two years. The fund already drew US$2OO million from investors in Dubai and is in discussions on investing
      Bloomberq  -  276 words
    • Article, Illustration
      Lock icon Officials pressed to cool China's property market
      617 14 Reuters [HONG KONG] It may be brushed off as deja vu by developers eager to cash in on the home-owning dreams of China's new middle class, but the latest government attempt to calm a roaring housing market might sting for a change. Around
      Reuters; AFP  -  617 words
    • Article
      Lock icon India's property market boom continues
      696 14  -  By SIDDHARTH SRIVASTAVA [NEW DELHI] Unlike the volatile stock market, the Indian real estate sector continues to boom. Two recent land deals have brought the red-hot segment into focus. The Ahmedabad-based Adani Group has finalised India's largest land deal with Housing Development and Infrastructure for
      696 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Saudi king unveils new Jubail II projects
      681 15  -  US$75b worth of works lined up, 50,000 jobs to be created By CLARENCE MICHAEL in Dubai KING Abdullah of Saudi Arabia launched industrial and infrastructure projects worth more than US$75 billion for the Jubail II Industrial City during the week as part of
      AFP  -  681 words
    • Article
      Lock icon BOJ head apologises for investing in Murakami's fund
      552 15 He is likely to keep his job as central bank governor he said. Reuters. Bloom berg Reuters [TOKYO] Bank of Japan (BOJ) governor Toshihiko Fukui yesterday apologised for the storm over his investment in a fund whose manager has been arrested for
      he said. — Reuters. Bloom berg; Reuters  -  552 words
    • WORLD WATCH
      • Article
        Lock icon Regulator rejects Telstra's access fee
        41 15 Bloomberg [SYDNEY] Telstra Corp's proposal to charge rivals a As3o (Ss22) monthly national fee to access its copper-wire network has been rejected by Australian Competition and Consumer Commission as "not reasonable" and would hinder competition. Bloomberg
        Bloomberg  -  41 words
      • Article
        Lock icon Philips bids 1b euro for Intermagnetics
        38 15 AP [AMSTERDAM] Royal Philips Electronics NV yesterday launched a one billion euro (Ss2 billion) bid for US magnet maker Intermagnetics General Corp in a bid to strengthen its medical equipment division. —AP
        AP  -  38 words
      • Article
        Lock icon Thomson buys AFX from AFP
        47 15 Reuters [TORONTO/NEW YORK] Electronic publisher Thomson Corp is buying the AFX News Ltd business news agency from AFP, the companies said on Wednesday. They did not reveal the price, but a source said the deal was worth just under US$2O million. —Reuters
        Reuters  -  47 words
      • Article
        Lock icon GE Consumer to sell South Korean unit
        72 15 Reuters [SEOUL] GE Consumer Finance, a unit of General Electric Co, is in the final stages of talks to sell its South Korean arm to Hyundai Capital Services Inc. The potential deal comes after GE Consumer spent a more than US$l billion in
        Reuters  -  72 words
    • Article
      Lock icon Bayer buys Merck-owned stake, acquires Schering
      285 15 NYT [FRANKFURT] The healthcare giant Bayer clinched its bid for Schering on Wednesday as the rival suitor, Merck of Germany, backed off, agreeing to sell its stake to Bayer in return for a possible joint venture with the combined company. The new company is
      NYT  -  285 words
    • Article, Illustration
      Lock icon Thailand's south rocked by 41 bombs
      342 15 AP [BANGKOK] Suspected Muslim insurgents exploded more than 40 bombs in attacks on government offices across Thailand's restive south yesterday, killing at least two people, as the deputy prime minister visited the region, officials said. At least 16 people were injured in the blasts,
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    • Article
      Lock icon US industrial output falls unexpectedly
      367 15 LATEST US DATA Bloomberg [NEW YORK] Industrial production in the US unexpectedly fell last month for the first time since January as the economy began to slow, a Federal Reserve report showed yesterday. The 0.1 per cent decline in production at the nation's factories, mines
      Bloomberg  -  367 words
    • Article
      Lock icon Japan's gold market faces investor exodus
      467 15 Reuters [TOKYO] Alarmed by a commodities-wide sell-off and plunges in stock prices, Japanese investors have rushed to get out of Tokyo gold futures and may not get back in anytime soon. Falling share prices and uncertainty over US monetary policy have triggered a broad-based
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      151 15 In the Matter of the Companies Act, Cap. 50 And In the Matter of I.BMS CLEANING SERVICES (S) PTE LTD (IN LIQUIDATION) (Company No: *****4162Z) 2. BALESTIER LIGHTING PTE LTD (IN LIQUIDATION) (Company No: *****6388Z) 3. LI AN SHENG TIMBER PTE LTD (IN UQUIDATION) (Company No: *****8334K) 4. CHIN HONG
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  • AVIATION
    • Article, Illustration
      Lock icon EADS to launch probe into A380 production delays
      607 16 Serious fractures seen within the airline company's management AP [PARIS] Airbus parent company European Aeronautic Defence Space Co (EADS) will launch a probe into the latest delays of the superjumbo A3BO, its co-chair-man said in an interview released yesterday, amid mounting questions
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    • Article
      Lock icon Air China to buy 24 A32os for US$1.74b
      377 16 AFP [HONG KONG] Air China, the country's flag carrier, said yesterday it had agreed to buy 24 Airbus A 320 aircraft for US$l.74 billion for delivery between 2007 and 2010. It said the acquisition is part of the order for 150 mid-range
      AFP  -  377 words
    • Article
      Lock icon Schiphol IPO expected in Oct or Nov, says its CFO
      312 16 Reuters [NOORDWIJKERHOUT, Netherlands] Amsterdam airport operator Schiphol Group said on Wednesday that it expects to go public later this year in October or November. The Dutch government is planning to sell a minority stake of just under 50 per cent
      Reuters  -  312 words
    • Article
      Lock icon Aeroports de Paris raises 1.12b euro in IPO
      134 16 Bloomberg [MILAN] Aeroports de Paris SA, the stateowned manager of the French capital's airports, sold 1.12 billion euro (552.25 billion) of shares in an initial public offering (IPO), raising money for expansion and the government. The company sold stock to money managers
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    • Article
      Lock icon No comment on M'sia's Transmile: DHL
      110 16 Reuters [KUALA LUMPUR] DHL, the express delivery service and logistics unit of Germany's Deutsche Post, declined yesterday to comment on talk that it was seeking a stake in Malaysian air-cargo firm Transmile Group Bhd. A DHL spokesman said: "In the course of day-to-day business,
      Reuters  -  110 words
    • Article
      Lock icon United Airlines to cut another 1,000 jobs by year-end
      384 16 Bloomberg [DALLAS] UAL Corp's United Airlines, which emerged from bankruptcy on Feb 1, will cut another 1,000 salaried and management jobs by year-end to further lower its costs. The 11 per cent reduction will help the world's second-largest airline pare administrative
      Bloomberg  -  384 words
    • Article
      Lock icon US House delays airline investment plan
      357 16 Move may upset plans to finalise Open Skies agreement with EU Reuters [WASHINGTON] The US House of Representatives voted on Wednesday to delay for one year a Bush Administration proposal to ease restrictions on foreign investment in US airlines. The vote, mainly pushed by
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    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      1195 16 grr www ita mm wo 183? Slfi Iff? 5E455 1135 I g% aOT&I lH 27*.< jg Doha QKX 1255 QR639 0745 Ajratardaan K344 0M5 49 MX lUl "Umimm &C90C TOO ill jjli if WIT*® 3S |p |jg s «3B C^«T— 5C|47» KI5 HSB J Zmr* m
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  • SHIPPING/TRANSPORT
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      Lock icon Hong Kong's May container volume up
      512 17 13% y-o-y increase as rise in China's exports upped shipments via HK Bloomberg [HONG KONG] Hutchison Whampoa, PSA International and other operators at Hong Kong's port handled 13 per cent more containers in May than a year earlier, helped by China's expanding trade. Cargo
      Bloomberg  -  512 words
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      Lock icon Concern over NY's deep rail stations plan
      781 17 Commuters' groups cite terror threat to the stations, some to be at 30m depth NYT News Service [NEW YORK] Warning that new railway stations planned for as deep as 15 storeys under Manhattan could be targets of terror, five transit riders' groups from
      NYT News Service; AP  -  781 words
    • Article
      Lock icon Keppel bags another order for jack-up rig from India
      357 17  -  The US$182m rig is scheduled for delivery by end '09 By DONALD URQUHART [SINGAPORE] Keppel Fels has secured its fourth Indian jack-up rig order from Great Eastern Shipping Co Ltd India's largest pri-vate-sector shipping and offshore company as the country's exploration
      357 words
    • PORT SHOTS
      • Article
        Lock icon Keppel affiliate to take stake
        74 17 Reuters [SHANGHAI] An affiliate of Singapore's Keppel Corp plans to invest 49.9 million yuan (559.9 million) in a Chinese logistics firm, the Shanghai Securities News said yesterday. The affiliate would take 35 per cent of the enlarged capital of Annto Logistics, a start-up firm based
        Reuters  -  74 words
      • Article
        Lock icon Qingdao port cargo may top 200 m tons
        53 17 Xinhua [QINGDAO] Qingdao port in east China's Shandong province has handled 100.18 million tons of cargo so far this year, according to data from the Qingdao Port Group. Its throughput for the whole year is likely to exceed 200 million tons, group
        Xinhua  -  53 words
    • Article
      Lock icon Rising fuel costs may hurt shipowners' gains
      259 17 Bloomberg [LONDON] Earnings of shipowners such as Frontline Ltd, the world's biggest tanker owner by capacity, may fall because of higher fuel costs, according to Drewry Shipping Consultants Ltd. "The hefty profits of the recent few years might well be a thing of
      Bloomberg  -  259 words
    • Article
      Lock icon TRANSPORT STOCKS
      286 17 SGX '000 Jun 15 SS W- Vol CH Offshore .0.33 unch 123 ChuanHi*) .031 unch 310 Cosco Corporation ..1.22 unch 2361 CWT Distribution ..1.14 -003 131 Ezra Hldgs .2.12 0.01 453 Freight Links 0.06 unch 161 Grand Banks Yacht 0.88 unch 0 Java Holdings 1.27 -0.01 25 K1
      286 words
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      7 17 Admiralty Casebook will run In Monday's paper
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      77 17 IB fl 1. if ™»rtto you J«h T^WP'ITTITTfTrriS /SSBjSSf\ Enhance your corporate image with SPH news reports or features on your company. x22—f2/ Widely regarded as the definitive source for incisive business analyses and accurate industry reviews, we could help strengthen your communication efforts like no other with a relevant
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  • EDITORIAL & OPINION
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      Lock icon High-speed broadband: who needs it?
      524 18 EDITORIAL LAST week the Infocomm Development Authority (IDA) took the unusual step of releasing an in-house comparison of the major broadband Internet services available here. Cutting through the inevitable tech-speak about throughput, TCP sessions, latency and the like, IDA's primary message came through loud and
      524 words
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      Lock icon Imploding markets: just ride out the storm
      760 18  -  THE BOTTOM LINE NEIL BEHRMANN London Correspondent TO fathom today's gyrating markets, look no further than crowd psychology. The slide of the past few weeks is unsurprising, considering the boom that preceded it. If investment bank strategists and fund managers were frank with
      760 words
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      Lock icon 'Mission Accomplished' in Iraq? Not this time
      1213 18  -  The problem that Bush faces has to do with the faulty strategy that led to war there LEON HADAR Washington Correspondent FOR A day or two after the killing of terrorist gang leader Abu Musab al-Zarqawi, I was fantasising that US President George
      AFP  -  1,213 words
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      Lock icon Even a low inflation rate worries Fed
      1354 19  -  Mild consumer price increases can soon run wild if they are not nipped in the bud early By EDMUND L ANDREWS NYT TWENTY-FIVE years ago, any hint that basic consumer prices were climbing less than 3 per cent a year would have struck
      NYT; BLOOMBERG  -  1,354 words
    • Article
      Lock icon NOL board, acts independently
      222 19  -  LETTERS TO THE EDITOR David Goodwin vice-president, corporate affairs Neptune Orient Lines Limited TWO articles this week in The Business Times ("David Lim to leave by Dec; search on for replacement", June 13 and "Just what is behind David Lim's exit?", June 15) have implied that
      222 words
    • Article
      Lock icon India report could have been better
      335 19  -  Rahul Goswami Policy analyst Berlin, Germany FOR all those who pay close attention to the Indian economy, I think your report, "India story* intact despite market rout: analysts" (BT, 12 June), was the equivalent of a non sequitur. I would have expected such a
      335 words
    • Article
      Lock icon China-India ties mark a new era
      1229 19  -  By DEEPAK NAIR THERE has been a giddy obsession with the "rise" of China and India in contemporary discussions on regional and global security. While warranted, these discussions tend to confine themselves either to a comparative study of these two nations or to the
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  • Article
    Lock icon SINGAPORE STOCKS
    10714 20 SGX MAINBOARD Transaction date: Jun 15 W Last Vol Day Last Quote GrOtv Dtv GrYM Net MCap low Code Cowpmy Sate ("000) High low Myr Sdkr Cvr WE SwS 45 1 5716 1st Software Sc 2 -0.5 130 2 2 2 3 81 16 6 3148 8Telecom US2c
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  • Article
    Lock icon FINANCE & COMMODITIES
    6241 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool am In SS hi USS dy %yr V <ty %yr dy %yr )un 14 lnd»« Onng« Ch»ng« Ch«ng« Ch«ng« Chang* Chang* The Woftf Index PreHniinafy 9369 01 -3.4 02 -4.7 04 -0.7 tEARJrtfcnmaa 987.9 01 -4.7 0.4 -3.4 0.6 0.7 Europe
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      1846 22 UK CONTINENT SERVICE U.B.A SERVICE Desti nation Destination GO PRIDE RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/SAV/NOL YOU YA VCW/LAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.EJL SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES
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      765 22 VfSSa/VOT MWKKT) I MGHTW) PUG KtH LP I SW I JKT I STUmVEKTUIE 10/04 15 12 08/04 11/04 15/04 18/04 20/04 STIAITS VEMTUREII/D4 15 3.2 22/04 25/04 29/04 02/07 04/07 I STMTS vamitt 12/04 1 15 I 3.2 04/07 09/07 13/07 14/07 18/07 AI AI iAtbi I MJjPIWWMWW IWiWM J
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      2428 23 WAN HAI INTERNATIONAL PII LID at NOs M*****0000/I W\ WAN HAI LINES 200 V lini klllb«# FaiH:f03)]*****11FAX:|03)*****31 m lIL (04) *****00 MX: |M)22«M4 Y JOH TH: (07) *****23 FAX: (07)*****21 SUIIH: (031) 32*5475 Hk* (031) 32*2714/ *****05 L.s *T 1H: (021) S2S4IW FAX: (021) *****W Ml TH; 716H0/*****1 NUb ******
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      21 23 PLACE YOUR AD HERE .The Business Times Shipping Times CALL MICHAEL CHNG AT 9862 9365 OR BERNARD ONG AT 9675 0002
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      817 23 w WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS msa toy aw pjuawglcolorho Iw. swva Icoummo UIDIIA GANDHI 01MW I3JUII 14 JUW U JUW 71 )UW JUW jEMfczMf JfcjfcjitJt: noarawm |ypwoB7|ii jut mui itjui njut 73Tut FOR MARtVU ALSO ACOTIMG TUTKORM t MUNMA AISO ACCffTMG
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      904 24 MNordana (Asia) Pte Ltd 70 ShMtoa Way, #21-03 Marina H««s« Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES AKE ARRIVAL DATES VESSEL VOT Skoaoore Fre—tfe CoroslsUd Chrotwes Isfawd Shift Parir G^dow blond Express 1E605 12 Jun 22 Jun 39 Jun 93J1)l 10 Jul I
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      685 24 H&t -Mr-~W- ffl» H»® fflHfoT Wu a==f=^p=j|= VESSEL VOY SM PMT (LANG WTTAGOMG Mrt Lwhti Vtr SlyfOT M»H PAC wakassm ~n7oT IW~ Tvo*~ w W Ivor lyo6~ lyoT mis" ~m7oT IsToT i^oF Tw Shww ImmCkAmt IV n Shwwr. Mrt y l> «f I«W ~ih 1 H ~«H Ijj"m >H if
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      466 24 COW VEHTtONAI SERVICE HALDiA/CALUTTA 14 JUNE COLOMBO 15 JUNE CHENNAI/CHTG 03 JULY BOMBAY/DUBAI 05 JULY IMS! GLORY NAVIGATION GROUPI I( SINd 1970 I OWNS OPERATES THE YOUNGEST FLEET I WITH FOURTEEN 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS I I REGULAR WIIKLY SERVICES: B IKAOHSIUNG CHINESE
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      7045 25 This ETA ETA AdvartiMr VmmI Voyage Telephone ETA ETA Advartbar Venal Voyage Telephone SIN Dasfn Name Name Number Number SIN DasfnName Name Number Number 29/06 26/07 China Shpg MERIAN 026A *****898 To ABIDJAN (ABJ) 2003 Cote D'lvoire To GUAM (GUM) 2141 Guam 23X* 23/07
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  • executive lifestyle
    • Article
      Lock icon Beware of entrapments...
      611 26  -  off the cuff jaime ee EVER since I read about the promising doctor who was arrested for drug possession when he turned up for a gay sex session with undercover narcotics agents, and the subsequent suggestions of entrapment that arose, 1 have been very careful who I
      611 words
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      Lock icon Greatest art show on earth
      1614 26  -  GEOFFREY EU reports from Basel on the 37th edition of Art Basel, the best and most prestigious art fair in existence GEOFFREY EU FOOTBALL may be captivating the entire planet right now, but in the little Swiss town of Basel, nestled on the banks of
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      305 27 k V\|\V w I A B m A Jil Bb i I SM; 1 Ul ill a^ i i'ri,%., pM| b^Tb <l r 'v -?u *K w iv* Whatever your view on the finer things in have it all with the HSBC Platinum card. True privilege is about having choices.
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  • WINE/CINEMA
    • Article
      Lock icon Bordeaux 2005 in hot demand
      1042 28  -  It is an exceptional vintage, as N K YONG discovers in his tasting of some wines from that region N K YONG IT is blistering hot in Bordeaux with temperatures hitting 32 degrees C and beyond by the late afternoon. In fact, the only tiling
      1,042 words
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      Lock icon Refreshing look at coming-of-age
      482 28  -  By PARVATHI NAYAR C.R.A.Z.Y s story begins on Dec 25, 1960, when Zachary Beaulieu (played as a little boy by Emile Vallee and then from 15 into his 20s by MarcAndre Grondin) is born. Zac is fourth in a family of five boys, and his mother
      482 words
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      Lock icon Authentic human drama
      288 28  -  DVD By PARVATHI NAYAR YOU don't even have have to like country music to be wowed by Joaquin Phoenix's incendiary portrayal of the legendary singer Johnny Cash in Walk The Line. Okay, so Cash was more a rock/country crossover, but we digress. It's not just that Phoenix
      288 words
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      Lock icon Stylish Night Watch
      305 28  -  By PARVATHI NAYAR NIGHT Watch is the first film in a planned three-part saga by director Timur Bekmambetov; the moodily apocalyptic tale is adapted from a series of popular Russian sci-fi novels. The movie is chock-a-block with familiar devices: forces of good and evil, a chosen child
      305 words
  • Page 28 Advertisements
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      340 28 Jfca honpnjyww mhiwnt f -fe Chow Housa *01-00 (140 Ro&nson Komi) W: 6222 2243 1-for-l a la carta buffet at $484- (lunch only) VMW OB SWHkm SurwUy* and Public HoMdays onty «■>'"— dutrcoal §r») < Chow House *02-00 Wk 35 %Jfe 040 Robinson Road) 7W. 6220 9959 $50 off with
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      46 28 IT'S DAD'S SPECIAL DAY... MERITUS MANDARIN <+*.mA ...express your love by taking him on a delightful gastronomic tour* Top of the 'M' Revolving Restaurant Pine Court Chinese Restaurant Triple 3,The Buffet Restaurant Chatterbox Home of the Mandarin Chicken Rice For enquiries: 6831 6288 h>m»i rtwp|iMi» mm
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  • ARTS
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      Lock icon Guiding actors on a journey of discovery
      889 29 Tracie Pang talks to PARVATHI NAYAR about her directorial debut in adult theatre SRT's upcoming 'The Dresser' IT'S day three of rehearsals for Singapore Repertory Theatre's (SRT) upcoming production of The Dresser. Director Tracie Pang intently watches Michael Corbidge and Adrian Pang get
      KENNETH KOH  -  889 words
    • Article
      Lock icon Evening of polished sounds
      531 29  -  By P Y VAN THE Collegium Vocale Gent from Belgium gave a meticulous performance of Bach's Mass in B Minor at the Esplanade Concert Hall on Wednesday evening. Unlike Pinchas Zukermans' disinterested and lackadaisical Singapore performance of another Bach favourite in May (Violin Concerto No 2
      531 words
    • Article, Illustration
      Lock icon Pictures that speak a thousand words
      613 29  -  SINGAPORE ARTS FESTIVAL By BRYNA SIM THE exhibition is entitled Supernatural Artificial. But lest you think this title suggests a certain reduced quality to the artworks, you could not be further from the truth. This photo-based art exhibition is deep and richly layered. Featuring
      613 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      206 29 CRYPTIC CROSSWORD leave (4) 32 Advance of prisoners go sequence of getting in late the globe (4) amok (11) again(6) 29 Love to oil up a dish of meat DOWN 15 Reputedly a seed crop (5) (4) 2 African up in space (4) 16 Before, but one can also be
      206 words
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  • FRENCH FLAIR
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      Lock icon Cezanne's beloved Provence
      1462 30  -  He was a born Provencal, intimate with the landscape down to the soul and the bone. BARBARA IRELAND visits Cezanne's paradise BARBARA IRELAND NYT MAYBE the hill wasn't all that steep. But each ex-pensive-looking modern house I slowly passed along the way definitely looked down on one
      NYT; AFP  -  1,462 words
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      96 30 j[ Ever V one needs a little I Come down to Millennia Walk to get up dose and personal with the 2005 World ft Champion Renault F1 car and collect Renault F1 freebies. What's more, should J If V you decide to purchase a Renault at the event, you will
      96 words
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      37 30 It was in 1969 that Renault's annual production volume first exceeded I million units. And by 1980, it had doubled to 2 million unitl In 2009, Renault sales had 1 increased to over 15 million vehicles worldwide.
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