The Business Times, 20 June 2006
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2006-06-20
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The Business Times
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Title Section15 2006-06-20 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Tuesday, June 20,200615 words
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560 2006-06-20 1 ANNA TEO - By ANNA TEO [SINGAPORE] The global drive to cut corporate tax rates continued last year, most notably in Europe, which now looks "distinctly more attractive" than either the Asia-Pacific or Latin America, according to KPMG's latest corporate tax rates survey. At 20560 words
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Article129 2006-06-20 1 STI 2.367.90 (-6.01) ST INDEX FUTURES 2.369.00 (-6.00) siMsa ***** (-1.62) SIMSCI FUTURES 282.80 (-2.00) MARKETS Monday Change KLSECOMP 889.51 -3.99 NJKKEL225 14,860.35 HANG SENG 15.768.86 -73.79 SET INDEX 659.68 -5.71 JAKARTA COMP 1.295.05 14.47 MANILA COMP 2.119.79 -1.68 SEOUL COMP 1.251.67 10.52 SHENZHEN B 281.67 -0,98 MUMBAIIND129 words
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691 2006-06-20 1 SIOW LI SEN - But Thai broadcaster may not have to pay fines in full for unlicensed programming changes By SIOW LI SEN [SINGAPORE] Temasek Holdings' purchase of Shin Corp in January from the family of Thai Prime Minister Thaksin Shinawatra has thrown up another691 words
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Page 1 Advertisements
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Advertisement17 2006-06-20 1 COMMENTARY Planemakers' woes raise concern over safety PAGE 2 Far East to launch Orchard SCOttSSOOn PAGE 2917 words
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Advertisement7 2006-06-20 1 ENBLOC SALE^ /J KKSi^SSBSSSiSiBKKK/K^^^m llllllttllll 8 *****1'*****47 words
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Advertisement114 2006-06-20 1 COMMUNICASIA The impact of consumer programs PAGE 11 NHC Nouvelle Horlogerie Calabrese VHCj§)JI A 1U 1 WlT.' HEW "Enjoy the moment, days are wandering" Vincent Calabrese, Watchmaker Analogica A world premier model with jumping hour and wandering date. Created by Vincent Calabrese, the hours and date are displayed througn two114 words
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Advertisement14 2006-06-20 1 *$< j£ ?jfeci '■"<' S§* SSjffi '$'</? "fc CUP2W6 Tribulations of an fcfiaßiflHH England fan page 1514 words
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TOP STORIES
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Article, Illustration566 2006-06-20 2 Deal will make venture the third biggest global player in industry Reuters [FRANKFURT] Nokia and Siemens will combine their telecom equipment units in a deal creating one of the biggest players in the industry. The cross-border deal will create the world's third-largest network equipmentReuters; REUTERS - 566 words
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Article438 2006-06-20 2 PM Lee: Small steps are best for Asean-Aussie-NZ FTA A FREE trade agreement between Asean and New Zealand and Australia could be hastened if the parties involved took small progressive steps rather than try for one big ambitious step, Prime Minister Lee Hsien Loong said yesterday. TOP STORIES,438 words
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Article, Illustration776 2006-06-20 2 VEN SREENIVASAN - COMMENTARY VEN SREENIVASAN Senior Correspondent BESIDES messing up their customers' plans and diminishing shareholder value, could the increasingly cut-throat competition between planemakers, which has already resulted in delivery delays, also pose safety issues? That is a question which must surely be in the776 words
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Article, Illustration583 2006-06-20 3 NANDE KHIN - Progress will be made more quickly this way given Asean's make-up By NANDE KHIN in Wellington A FREE trade agreement between Asean and New Zealand and Australia could be hastened if the parties involved took small progressive steps rather than tryREUTERS - 583 words
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Article, Illustration656 2006-06-20 3 CONRAD RAJ - By CONRAD RAJ [SINGAPORE] Maverick property developer Ho Kok Cheong, who was being investigated by the Commercial Affairs Department over a $100 million scam, died a week ago, according to sources. Ho, who developed People's Park Complex, is said to have died in hospitalFILE PHOTO - 656 words
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Advertisement105 2006-06-20 2 June 20, 2006 Congratulations to (m) AURIC PACIFIC on its acquisition of a 29.9% stockholding in Robinson and Company, Limited 4 Co-Financial Advisors m i bnp paribas Merrill Lynch Legal Advisor Stamford Law TO CORPORATION £bb This advertisement is not for publication or distribution to persons in the United States105 words
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Advertisement12 2006-06-20 2 people Your search I ends here. I www thepeoplentwork.com Asia-Pacific: txecutive Search12 words
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Advertisement279 2006-06-20 3 Our unrivalled range of markets includes thousands of individual shares, plus FX and global stock indices. Qf\ C 1 1 O Opening a position is quick and easy, and all our products are available through our multilingual online platform. y O WJ v J I IO ShareCFDs Ifl ITIr) rl(Pf279 words
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COMPANY NEWS
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Article, Illustration518 2006-06-20 4 MATTHEW PHAN - HOCK LOCK SIEW By MATTHEW PHAN THE Singapore aviation industry tends to be synonymous with the national carrier, but there is really no need for investors to be so hung up in wanting to see the words "Singapore" and "Airlines" in a company name.518 words
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Article, Illustration379 2006-06-20 4 OH BOON PING - Analyst says investors expect further rate hikes By OH BOON PING PROPERTY stocks and real estate investment trusts (Reits) took a beating yesterday on concerns over interest rate hikes, which may lead to higher mortgage costs. City Developments lost 10 cents toFILE PHOTO - 379 words
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Article42 2006-06-20 4 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; v Broadly Diversified; Narowly Focused; Lower Risk; Low to Medium Risk: Medium to High Risk; Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A- Non Dealing Day42 words
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Article, Illustration374 2006-06-20 6 CHEN HUIFEN - Innovative stents could make it a major global player, says journal By CHEN HUIFEN its share price might have taken a beating in recent wffeks, but in the medical devices world, Biosensors International Group is regarded as one of the topSource: Bloomberg - 374 words
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225 2006-06-20 6 Reuters HpNG KONG-based Media Asia Entertainment Group, which makes and distributes Chinese-language films, said it should see a return to profit growth this year as cinema attendance irf China rises. Singapore-listed Media Asia's net profit fell 17 per cent to HK524.5 million (554.99 million)Reuters - 225 words
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338 2006-06-20 6 Reuters TRADING of shares in Hong Kong tycoon Richard Li's telecoms company PCCW Ltd and three associated firms were halted yesterday pending the announcement of a possible transaction. PCCW's Singaporelisted shareholder, Pacific Century Regional Developments (PCRD), was among the companies whose stockReuters - 338 words
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396 2006-06-20 6 Bloomberg BHARTI Airtel Ltd, India's biggest mobile phone company, is looking to expand overseas to tap growth in emerging markets. "We're ready to go outside India. We have the strength and the resilience," Sunil Mittal, chairman of New Delhibased Bharti Airtel, said in anBloomberg - 396 words
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Article, Illustration417 2006-06-20 6 CONRAD TAN - By CONRAD TAN MOBILEONE (Ml) has teamed up with Telekom Malaysia's mobile service arm Celcom to slash the cost of video calls for its customers between Singapore and Malaysia, starting next month. For Ml customers roaming in Malaysia on the Celcom network, theFILE PHOTO - 417 words
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276 2006-06-20 6 GENEVIEVE CUA - By GENEVIEVE CUA GREAT Eastern Life Assurance (GE Life), a wholly owned subsidiary of Great Eastern Holdings, has launched its joint venture operation in China. Yesterday marked the official opening of Great Eastern Life Assurance (China) Company, a 50:50 partnership between GE276 words
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COMPANY BRIEFS
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58 2006-06-20 6 PROPERTY group Ho Bee Investment Ltd yesterday completed the sale of its commercial building, HB Robinson, along Robinson Road to CLSA Merchant Bankers Ltd for $80 million. The sale will yield a pre-tax profit of about $19 million which will be reflected in its58 words
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Article30 2006-06-20 6 CHINA-based ice-cream manufacturer Youcan Foods International has launched its products in Singapore. Priced from $1 to $1.60 each, the products come in "fashionable" Asian flavours.30 words
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Advertisement34 2006-06-20 4 AllianzGI RCM Global Twin-Focus Fund a fund that offers you twin benefits AlliaflZ (Hi) of potential quarterly payouts and limits possible downside. Visit OCBC Bank for cjobal )nvestors more details company regn. no *****7169Z34 words
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Advertisement281 2006-06-20 5 111! Whatever your view on the finer things in life, ft||t have it all with the HSBC Platinum card. True privilege is about having choices. With your HSBC Platinum card, you can expect nothing BHIKsaI less. It lets you indulge in the best of what life has to offer, however281 words
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Advertisement274 2006-06-20 6 Hop on for some armchair travelling at your dining table! The destination? TaiwanJ the country famous for its round-the-clock j food streets and eating houses. Now you can feast on an ala carte buffet of dishes from that region. j I 1 Children $16++. W j Dinner from Monday to274 words
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Advertisement422 2006-06-20 7 Ifey WHBH n^^HSs^H IMP&£ J US f? ■■■^H v i AVHp V 1 1 ,t» V 3 Ml V I 4'»* Is your IT system prepared for sudden surges in activity? As the demands on your IT system increase, but the solid reliability from our experience in __pp your blood422 words
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SINGAPORE MARKETS
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Article, Illustration470 2006-06-20 8 TEH HOOI LING - STOCKS Only 773m Sing-dollar shares worth $507m transacted, including a married deal involving 250m FHTK shares TEH HOOI LING Senior Correspondent WHETHER it is because of the World Cup football fever or investors' conscious decision to stay out of the market in view ofSource: Bloomberg - 470 words
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Article, Illustration454 2006-06-20 8 Deemed Interest; IP: Investment Purposes; SA: Share Allotment; ST: Share Transfer; B/R: Bonus/Rights issues; OE: Option Exercise; PL: Placement Shares; IT: Internal Transfer Compiled by BT OTHER SINGAPORE INDICES Jun 19 VALUE CLOSE BT OB/OS -508.00 -46.00 BTCAPI -*****.00 -121.00 BT 10-day MA -*****.00 -50.00 All-SG Equities454 words
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Article, Illustration845 2006-06-20 8 MATTHEW PHAN - Compiled by MATTHEW PHAN Singapore Airlines June 19 dose: 5512.70 CITIGROUP. June IS PASSENGER loads rose 3.3 percentage points year-on-year to 70.7 per cent in May, the highest for the month since FYO2, and 4 percentage points above SlA's 10-year average. Growth remained broadbased, with load factor improvementsSource: Bloomberg - 845 words
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Article, Illustration531 2006-06-20 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar started a new week of currency trading at the top of the heap versus its currency counterparts and even gold in Asia yesterday, lifted by a heady if not complex combination of fears about moreSource: Reuters - 531 words
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Article, Illustration1349 2006-06-20 9 Average fees in Asia-Pacific region fall amid tussle for new clients Bloomberg ASIAN companies sold a record amount of new stock in the first five months of this year but paid the lowest fee rates ever as investment banks including Goldman Sachs Group Inc, CitigroupBloomberg; REUTERS - 1,349 words
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Advertisement13 2006-06-20 9 Hotline: (65)6226-2828 Website: www.warrants.com ■n SOCIETE H CENERALE Think warrants. Think 80. If13 words
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SINGAPORE NEWS
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Article, Illustration481 2006-06-20 10 KALPANA RASHIWALA - Rents up 23.2% from Q405; seen rising 12-15% in H2, 15% in 2007 By KALPANA RASHIWALA TIGHTENING prime office space and buoyant demand pushed up the average Grade A office rental value in the prime Raffles Place area by 13.1Source: Colliers International Research Singapore - 481 words
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306 2006-06-20 10 NANDE KHIN - By NANDE KHIN in Wellington PRIME Minister Lee Hsien Loong said yesterday his government "has no reason tio want to restrict any democratic or political right of Opposition politicians or leaders". t Answering questions fjnm New Zealand reporters on Singapore Demo(jratic306 words
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Article, Illustration328 2006-06-20 10 ROLAND LIM - By ROLAND LIM MOBILE phone leader Nokia yesterday announced the launch of five new mobile phones at a regional launch event in Singapore, including its lowest cost 3G model to date. The latest Nokia 6151 is expected to be priced at about 240 euros328 words
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321 2006-06-20 10 OH BOON PING - By OH BOON PING LOCALLY-LISTED telecom service and solutions provider Unified Communications is partnering US-based Telcordia Technologies to offer regulatory, technical and commercial ICT training in Asia-Pacific. Likewise, there are plans to jointly promote specific telecom products and solutions in321 words
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Article, Illustration434 2006-06-20 10 CRYSTAL NEO - It wants to reduce industrial death rate to zero By CRYSTAL NEO A DAY-and-night watch on safety standards is to be maintained by the Ministry of Manpower (MOM) as part of its drive to reduce the hazards faced by people in dangerous jobs. The ministryARTHUR LEE - 434 words
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SINGAPORE ROUNDUP
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150 2006-06-20 10 AP SINGAPORE and Peru have concluded a second round of talks on a possible free trade agreement that could be finalised this year, the Ministry of Trade and Industry (MTI) said in a statement yesterday, Singapore's chief negotiator, Mary Elizabeth Chelliah from MTI, and Peru'sAP - 150 words
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61 2006-06-20 10 CARDINAL Renato Raffaele Martino, Special envoy of Pope Benedict XVI, will be in Singapore from tomorrow to Saturday, and will deliver a speech on Thursday on the role of religion in fighting terrorism. Singapore and the Holy See, which is the central government of the61 words
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Article52 2006-06-20 10 JTC Corporation has named Ow Foong Pheng chief executive officer-designate with effect from July 1. Mrs Ow, who is currently deputy secretary at the Ministry of Manpower, will take over from Chong Lit Cheong as chief executive officer of JTC on52 words
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Article63 2006-06-20 10 THE British Chamber of Commerce yesterday announced that its new president will be Terry O'Connor, managing director of Courts Singapore. He will succeed Jonathan Asherson, regional director for Rolls-Royce in South-east Asia who stepped down after a two-year period. Ray Bigger is the new63 words
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359 2006-06-20 10 MELISSA LOH - By MELISSA LOH DELEGATES from six African nations are in Singapore this week until Saturday for the first leg of the Asia Education Study Visit for African Policy Makers. The five-member teams from Cameroon, Ethiopia, Ghana, Lesotho, Madagascar and Mozambique seek to learn about359 words
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Advertisement41 2006-06-20 10 fk Cozy Ambience W Cultural Dances 3ES Free Ample Parking seafood restaurant #T H st M y. fg (pork lard free kitchen) 4 Singa Inn Seafood Restaurant 920 East Coast Parkway, Singapore *****5 For reservation: Tel: 6345 1111 Fax: 6345 213841 words
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FOCUS: COMMUNICASIA
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Article, Illustration295 2006-06-20 11 WINSTON CHAI - Conference to weigh security and productivity concerns By WINSTON CHAI CONSUMER technology applications like instant messaging and Internet telephony are becoming commonplace in the work environment and the security and productivity concerns are worrying employers. This issue will be the focal point ofAP - 295 words
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Article, Illustration370 2006-06-20 11 WINSTON CHAI - New messaging tool Windows Live Mobile coming By WINSTON CHAI BEYOND operating systems for smart phones, Microsoft is also gunning for a share of the spoils in the emerging market for mobile advertising. As testament to such ambitions, the company yesterday previewed a new messaging tool370 words
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366 2006-06-20 11 ROLAND LIM - By ROLAND LIM THIS year's week-long Infocomm Media Business Exchange (imbX) is living up to its stated intention of being Asia's largest infocomm and media business platform, with new events held to help it attract more than last year's 60,000 visitors. Last year366 words
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Advertisement128 2006-06-20 11 -—Up® now. quick and FrfH> catato Loo>^c-c^ tna/regt ter rwm m conjunction with IrrTficAArl I 19 22 September 2006 'ig-^ Shanghai New International Expo Centre > TTie meeting point for logistics, telematics and transportation An mtemafcnaf gathering of decision-makers from A platform to find new business partners and the entire128 words
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Advertisement193 2006-06-20 11 Realise your full potential today. Stud/ wherever, whenever you want! With e-learning, you'll have the flexible learning environment you need to be one step closer to fulfilling your dream. Thfnk Success. Think MDIS. Ottawa University, USA was established in 1865 and is a global entrepreneurial institution of higher learning with193 words
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Advertisement787 2006-06-20 11 Our qualified can assist you with offshora structures, shelf companftat and incorporatiom In Islands Full nominee, management secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. h For further information and immediate service please contact Angela Nkolson or Marie Lim787 words
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SMEspotlight
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Article, Illustration1153 2006-06-20 12 CONRAD TAN - Despite so much waste generated every day, Eveready says it faces a shortage of discarded plastic to recycle, writes CONRAD TAN CONRAD TAN FOR a company that depends on discarded plastic as its main resource, one would expect supply to be the least of itsARTHUR LEE - 1,153 words
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667 2006-06-20 13 UMA SHANKARI - SMALL CAPS The China-based firm introduces its new five-layer high-barrier BOPP film, says UMA SHANKARI UMA SHANKARI COMPETITION may be creeping up on China Flexible Packaging Holdings, but the China-based manufacturer of film and synthetic paper is not taking it lying down. It recently introduced667 words
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973 2006-06-20 13 CHARLOTTE YEN, KEOY SOO EARN - By CHARLOTTE YEN, KEOY SOO EARN WITH the limited size of the domestic market, it is common for owners of local enterprises to explore overseas opportunities as a primary mode of business expansion. Franchising or licensing is usually the most considered mode of expansion973 words
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323 2006-06-20 13 TEH HOOI LING - By TEH HOOI LING AFTER weeks of turmoil, the market found its footing somewhat last week, with the Straits Times Index gaining 0.9 per cent and the UOB Sesdaq Index 1.3 percent. Our small-cap portfolio also rebounded 1.1 per cent. The recovery in Magnecomp,323 words
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Advertisement114 2006-06-20 12 K* '••**••*>• i t „.s->-,.-M X.r^i^... i ®i v?v: 3t\ 1*:-: t v*&&&-, M iiiiiilMMMMffii^iMßß^B^BMBfeiliiilHMMMiiiM T <^ 000^ I s ET. L kJMH m \^B|\\ SUfi I)k 1/ j Jm x m', SH SfJr TV w n x tk. ■i 1* mfm Ik x xXJi^-il^Bi r"&», cJ i i A..114 words
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Page 13 Advertisements
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Advertisement24 2006-06-20 13 Lianhe Zaobao V hmnm! ft J/ K despite I m potential supply of I $8b worth of I luxury apartments I I msiaiiasa** I24 words
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Advertisement429 2006-06-20 13 SP POWERASSETS A mombar of Singapore Powar Group SP POWERASSETS LIMITED (THE "COMPANY") $$400,000,000 FLOATING RATE NOTES DUE 2012 (THE "SERIES 006 NOTES") UNDER THE 556,000,000,000 GLOBAL MEDIUM TERM NOTE PROGRAMME OF THE COMPANY To: Ail holders of the Series 006 Notes NOTICE IS HEREBY GIVEN that:i 1. pursuant to429 words
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S'PORE ARTS FESTIVAL
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Article, Illustration461 2006-06-20 14 PARVATHI NAYAR - Er, sorry what was that again? REVIEW: PLAY ON EARTH By PARVATHI NAYAR THE eternal triangle is redrawn using Ie virtual technology of our times, it while the instruments are more phisticated, the drawing itself leaches us nothing new. In a nutshell, that was the experience of Play on Earth,461 words
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Article, Illustration694 2006-06-20 14 PARVATHI NAYAR - PREVIEW: PHOBIA By PARVATHI NAYAR THAT growing sense of unease or peaking anticipation, the cacophony of a fast-paced chase or the whispery menace of a cat-and-mouse game: so much of the atmosphere evoked in a thriller is due to its excellent694 words
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Article, Illustration718 2006-06-20 14 CHEAH UI-HOON - PREVIEW: NEDERLANDS DANS THEATER By CHEAH UI-HOON IT'S an inevitable question: How does one "take on the mantle" of one of the dance world's great contemporary choreographers and artistic director and still hold up the company's reputation without being overwhelmed by it? That question was718 words
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Advertisement1721 2006-06-20 14 GRAND BANKS YACHTS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company wilt be held at the Republic of Singapore Yacht Club, 52 West Coast Ferry Road. Singapore *****7 on Wednesday. 26 July 2006 at 10.00 am to transact the following1,721 words
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WORLD CUP 2006
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Article, Illustration978 2006-06-20 15 NAVEEN VERGHESE - By NAVEEN VERGHESE THE end of the group stage of World Cup 2006 is just around the corner and some teams have already started to stand out from the rest. Hosts Germany, usually so dour and clinical, have surprised many with their attacking mentality thisAFP - 978 words
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Article, Illustration985 2006-06-20 15 R SIVANITHY - By R SIVANITHY I SUPPOSE I better start by saying I was an England fan for more than 30 years. "Was" is the operative word after the abysmal defeat against a 10-man Brazil in the last World Cup, I said no more.AP - 985 words
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355 2006-06-20 15 Reuters [LEIPZIG, Germany] South Korea's battling 1-1 draw with 1998 champions France on Sunday revived memories of their remarkable run to the semi-finals in 2002 but also served a reminder that they are not immune from refereeing controversy. The Koreans stunned Italy andReuters - 355 words
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Advertisement734 2006-06-20 15 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 St ,000. "While both have qualified. "The734 words
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ECONOMY WATCH
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Article, Illustration1144 2006-06-20 16 Cooling demand in US will help reduce trade gaps, ease inflation pressures Bloomberg THE world economy may be better placed now than at any time this decade to weather a slowdown in the United States wrought by higher interest rates. While investors debate whetherBloomberg; AP - 1,144 words
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274 2006-06-20 16 AFP [BEIJING] Four out of 10 Chinese bank executives believe the economy is overheated and many think it will stay that way in the coming months despite efforts to cool the activity, state media said on Sunday. In a recent survey, 42.6 perAFP - 274 words
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709 2006-06-20 16 Bloomberg [TOKYO] Malaysia is confident of meeting this year's 6 per cent growth forecast as rising investment counters the risk of higher oil prices, Deputy Prime Minister Najib Razak says. Private investment grew 11.4 per cent in the first quarter, exceeding the 11.2Bloomberg - 709 words
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Advertisement844 2006-06-20 16 PT INTERNATIONAL NICKEL INDONESIA Tbk NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS The Board of Directors of PT International Nickel Indonesia Tbk (hereinafter referred to as "the Company") hereby invites all shareholders to attend an Extraordinary General Meeting of Shareholders of the Company (the "Meeting") which will be held on:844 words
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Advertisement20 2006-06-20 16 Holding an auction? Call 1800 289 8822 or email notiees@sph.eom.sg to book your auction notice in our newspapers now. NOTICES20 words
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MALAYSIA/INDONESIA
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Article, Illustration716 2006-06-20 17 S JAYASANKARAN - They pledge loyalty to Abdullah; talk of party sacking Dr M comes to nought By S JAYASANKARAN in Kuala Lumpur THE highest policy-making body of Malaysia's dominant political party pledged loyalty yesterday to Prime Minister Abdullah Ahmad Badawi in an effective closing of ranksAP - 716 words
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471 2006-06-20 17 Bloomberg [KUALA LUMPUR] Proton Holdings Bhd, losing sales in Malaysia to Toyota Motor Corp and other overseas carmakers, is seeking partners to expand in China and India to spur growth, said the Malaysian deputy prime minister. Proton, which has been in talks toBloomberg - 471 words
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214 2006-06-20 17 Bloomberg (JAKARTA] Indonesian President Susilo Bambang Yudhoyono said South-east Asia's biggest economy needs a "new deal" to create employment because the current rate of economic growth isn't adding enough jobs to help reduce poverty. "The hungry can't wait," Mr Yudhoyono said inBloomberg - 214 words
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222 2006-06-20 17 Bloomberg [JAKARTA] Indonesia said it may allow Cemex SA, the world's third-largest cement maker, to sell its stake in state-owned PT Semen Gresik, clearing the way to settle a five-year dispute. The Indonesian government may approve the sale of the 24.9Bloomberg - 222 words
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Article, Illustration702 2006-06-20 17 SHOEB KAGDA - INDONESIA INSIGHT Only then will more investment help the economy grow SHOEB KAGDA Jakarta Correspondent POLICIES aimed at cutting down bureaucracy for foreign investors and making it easier for foreigners to work in Indonesia are now being implemented, the government has announced. Among the new702 words
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GREATER CHINA/INDIA
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441 2006-06-20 18 Modelled on Shenzhen, the project may include a theme park Bloomberg [NEW DELHI] Reliance Industries Ltd, India's biggest non-state refiner, will build a 250 billion rupee (SsB.7 billion) trade zone for techflology companies, widening its real estate foray to tpke advantage ofBloomberg - 441 words
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Article, Illustration470 2006-06-20 18 Reuters [SHANGHAI] Shares in China's first new listing in a year more than quadrupled on their debut, showing pent-up demand for new issues and boding well for upcoming IPOs. Shares in contractor CAMC Engineering Co Ltd closed atReuters; REUTERS - 470 words
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502 2006-06-20 18 343 companies are worst performers on exchanges [BEIJING] The mainland companies that have not yet conducted state shareholding reforms will be the first targets in a wave of mergers and acquisitions among public companies, the South China Morning Post reported, citing analysts. However, some502 words
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374 2006-06-20 18 AFP [BEIJING] China and India have agreed to resume frontier trade next month through a Himalayan pass that was closed 44 years ago following a border war, state media said yesterday. Officials from both sides signed an agreement on Sunday inAFP - 374 words
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BRIEFLY ASIA
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35 2006-06-20 18 Reuters [BEIJING] China's banking regulator has taken steps to tighten controls over the fledgling wealth management services offered by commercial banks to protect investors, the Financial News said yesterday.—ReutersReuters - 35 words
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Article42 2006-06-20 18 Reuters [SHANGHAI] Bank of China, the nation's second-biggest commercial lender, priced its US$2.5 billion domestic share offer at a 9-12 per cent discount to its Hong Kong-listed shares, setting the scene for a strong debut —ReutersReuters - 42 words
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67 2006-06-20 18 Reuters [HONG KONG] Industrial and Commercial Bank of China (ICBC), the country's top lender, plans to submit its listing application to the Hong Kong stock exchange early next month, a Hong Kong newspaper reported yesterday. Separately, ICBC said yesterday the National Welfare FundReuters - 67 words
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43 2006-06-20 18 Reuters [BEIJING] China's central bank said yesterday that it would take further steps to curb money supply and credit growth. The central bank said it would curb credit growth further but it gave no details. —ReutersReuters - 43 words
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Article, Illustration614 2006-06-20 18 Bloomberg [HONG KONG] Indian stocks may be too expensive even after falling from records set last month, and many of the region's analysts say the market will fail to extend the biggest twoday rally in two years. Strategists at Deutsche Securities Asia Ltd,Bloomberg; AFP - 614 words
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Advertisement721 2006-06-20 18 NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR AMS MERCHANDISING PTE LTD (Co. Reg. No. *****3967Z) (In Provisional Liquidation) (Incorporated in ihc Ripublic of Take notice that Mr. Lim Yeong Sang, CPA, Approved Liquidator of Kong, Lim Partners, 111 A Telok Ayer Street, Singapore *****0 has been appointed provisional liquidator of the721 words
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ASIA-PACIFIC/WORLD
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Article, Illustration483 2006-06-20 19 Group may also embark on a separate expansion in Asia Reuters FT [LONDON] The NYSE Group, which has struck a deal to acquire Paris-based Euronext, would consider opening a new exchange in London and undertaking a separate expansion in Asia. TheReuters; FT; REUTERS - 483 words
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Article, Illustration483 2006-06-20 19 NYT [NEW YORK] A dazzling gold-flecked 1907 portrait by Gustav Klimt has been purchased for the Neue Galerie in Manhattan by the cosmetics magnate Ronald S Lauder for US$l35 million, the highest sum ever paid for a painting. The portrait, of Adele Bloch-Bauer,NYT; REUTERS - 483 words
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415 2006-06-20 19 By OUR CORRESPONDENT in Bangkok ITV, the Thai television network controlled by Shin Corp, which in turn is held by Singapore's Temasek Holdings, has to pay an initial 2.71 billion baht in retroactive licence fees and interest by July 3. But its potential415 words
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421 2006-06-20 19 AFP [SEOUL] South Korean state auditors yesterday said that officials falsified financial data in order to sell Korea Exchange Bank (KEB) quickly and cheaply to US investment fund Lone Star in 2003. The Board of Audit and Inspection (BAI), which investigates financialAFP - 421 words
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401 2006-06-20 19 Reuters NYT [ZURICH] Nestle, the Swiss food giant, has bought US weight-loss company Jenny Craig for around US$6OO million, expanding its highmargin nutrition and health business. Jenny Craig was founded in 1983 by weight-loss guru Jenny Craig, offering dieters prepared meals andReuters; NYT - 401 words
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541 2006-06-20 19 Deal is Australia's biggest buyout ever; Brambles' shares rise Reuters [MELBOURNE] US private equity firm Kohlberg Kravis Roberts Co (KKR) will buy two businesses from Brambles Industries for A$ 1.8 billion (Ss2.l billion) in cash, the country's biggest buyout ever. Brambles' shares roseReuters - 541 words
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AVIATION
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Article, Illustration688 2006-06-20 20 Some analysts see this move as the group seeking a rescue package NYT AP [PARIS] Facing mounting problems over its inability to deliver the A3BO superjumbo plane on time, Airbus appears set to request state aid for the development of a midsizeNYT; AP; AFP - 688 words
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326 2006-06-20 20 AFP [KUALA LUMPUR] Lossmaking Malaysia Airlines should defer the purchase of the giant A3BO superjumbo jet from Airbus until the carrier returns to profit and others have tried out the aircraft, a union official said yesterday. "The company should put on hold theAFP - 326 words
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516 2006-06-20 20 LA incident shows up issue thought to have been repaired NYT [WASHINGTON] Federal investigators say they are deeply concerned about an engine breakup that nearly destroyed a Boeing 767 on the ground in Los Angeles this month because the failure may be the thirdNYT - 516 words
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127 2006-06-20 20 AFP [BRUSSELS] The European Commission yesterday called for the EU to negotiate a new accord with the US on the sensitive issue of airline passenger data transfers by October, after the current deal was ruled illegal. The European Court of Justice (ECJ)AFP - 127 words
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Article400 2006-06-20 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:400 words
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Page 20 Advertisements
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Advertisement113 2006-06-20 20 BT/ZUJI Deals of the Week Paris $2,899 j $850 j $140 Thai Airways KLM j OSTWATMWS BUSMSS CLASS ffromS) ECONOMyCMSSfom» WTO, {ten Bangkok I $565 Swisslntl| $150 ThaiAitwaysl $42 4)jfr Rain Xiamen $1,155 sac Air $387 ska* $96 R* Taipei j $1365 OfaaAttnes j $344 CMnaAHws $141 MOSCOW Thai Airways113 words
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Page 20 Miscellaneous
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Miscellaneous195 2006-06-20 20 CRYPTIC CROSSWORD 8 Wilson with an unruly rela- Jlh. IB removed from hut (3,5) 1 Keep record on order first de- soite the inconvenience (10) lted edltlon < 8 Across: 1 A shot in the arm. 9 2 Clergyman, one said to be 14 Not ch support for a 12195 words
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SHIPPING
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Article, Illustration609 2006-06-20 21 GEORGE JOSEPH - Students can work towards the degree while continuing a career at sea By GEORGE JOSEPH [SINGAPORE] Singapore Polytechnic, which has found that some 50 per cent of its diploma holders already have or will gain a university qualification within five years of graduating, will,609 words
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214 2006-06-20 21 First such contract with a European power supplier [SINGAPORE] NYK Bulkship (Europe), a British subsidiary of Japan's Nippon Yusen Kaisha (NYK Line), has won a long-term charter contract with Italy's largest power supplier, Enel. The contract calls for the use of two post-Panamax carriers214 words
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Article280 2006-06-20 21 SGX 000 JmbU 5S *1- Vol CH Offshore .0.33 -0.01 106 ChuanHup .0.31 unch 783 Cosco Corporation 1.24 -0.02 2957 CWT Distribution... 1.11 -0.02 212 Ezra Hldgs .2.19 unch 401 Freight Unks .0.06 -0.01 1280 Grand Banks Yacht 0.88 unch 0 Java Holdings 130 -0.02 72 K1 Venture280 words
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309 2006-06-20 21 TANKER MARKETS Bloomberg [LONDON] The cost of shipping crude oil from the Middle East on two-million-barrel tankers held at its highest in more than 16 weeks as refiners moved to secure ships for loading in July. "There doesn't seem toBloomberg - 309 words
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Page 21 Advertisements
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Advertisement178 2006-06-20 21 -1 T v ;>• -*,A \jT V-.' V '"V' 'i £*> i '!v 't !I! hVJi Md! Id liM J;1 frlVilll ;tf:flil R f&fwo R L DWID E.l -21*# k >-..'Jt~* N i&IC -wft f ffi" foffi n-if"^' FROM AIR AND OCEAN FREIGHT THROUGH VALUE-ADDED SERVICES TO SUPPLY CHAIN MANAGEMENT.178 words
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EDITORIAL & OPINION
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509 2006-06-20 22 EDITORIAL AT long last it seems that common sense is beginning to prevail in the China-Taiwan relationship. After years of wrangling, aviation organisations on the Chinese mainland and Taiwan have agreed to a new framework for chartered flights during festivals and special occasions.509 words
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Article, Illustration1109 2006-06-20 22 SHADA ISLAM - Chances of a rapid revival of the bloc's flagging fortunes appear increasingly bleak SHADA ISLAM Brussels Correspondent SUDDENLY, it all seems to be going wrong. Just a few years ago, the European Union was aspiring to bigger and better things:REUTERS - 1,109 words
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Article, Illustration840 2006-06-20 22 ANDY MUKHERJEE - THE BOTTOM LINE ANDY MUKHERJEE Bloomberg EVER since they made their Asian debut, real estate investment trusts, or Reits, have been keenly awaited in India, and not just by investors. The Planning Commission, a top government agency, recommended in 2002Bloomberg - 840 words
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Article, Illustration893 2006-06-20 23 RAVI VIJAYARAGHAVAN, SUNNY YI, SAVI BAVEJA - How Asian companies can successfully tackle the transition from products to services By RAVI VIJAYARAGHAVAN, SUNNY YI, SAVI BAVEJA CHINA is known for manufacturing half of the world's microwave ovens and a third of its television sets, but its economy is now shifting towards services.REUTERS - 893 words
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260 2006-06-20 23 Chew Lee Ching Member - LETTER TO THE EDITOR Chew Lee Ching Member International Women's Forum, Singapore I REFER to the letter "There's no bias against women on boards" by Ng Shin Ein (BT, May 17). I think it is worth pointing out that the issue raised by Laura260 words
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Article, Illustration1185 2006-06-20 23 GRETCHEN MORGENSON - By GRETCHEN MORGENSON NYT THE list of executives receiving fortuitously timed option grants has grown so distressingly long that the motivations for the awards require shareholders and regulators to suspend disbelief. Fifty companies, according to Bloomberg News, are now fielding inquiries from securitiesNYT; BLOOMBERG - 1,185 words
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Page 23 Advertisements
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Advertisement103 2006-06-20 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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Article1780 2006-06-20 24 52-Wk Td Laat Vai Day LMtQwMa Srttv H» Orttd MM MCa WH lew Code Cii-iay Sata W- (H» Urn -»ar S+m CV HI hi 164 33 5107 LabroyM5c 120 -1 1353 121 111 120 121 44N 3 14 112 9955 21 16 1131 LafeTechU54c It unch 130 141,780 words
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Page 24 Advertisements
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Advertisement29 2006-06-20 24 Welcome to )ut JUlilV (;H t.M Hm |r i r I M. iKt Qui City i-1- W ,<•'1 .Hi. i. in I t"- i City ln< tf:x Asia CITV29 words
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Article3433 2006-06-20 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local airr In S$ In US$ dy Syr dy %yr dy Xyr Jun 16 Index Change Change Change Change Change Change Vtakl Index Preliminary 958.0 0.0 -1.2 0.1 -2.7 0.0 15 < EAfE Prefcninary 951.7 OJB -22 07 -IX) 0,6 33 Europe3,433 words
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Page 26 Advertisements
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Advertisement1925 2006-06-20 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMNAIB/NAN SEAFRIEND CAM/NFK/SAV/NOL YOU YA VCW/lAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E.1,925 words
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Advertisement755 2006-06-20 26 vjtfi WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.com rasa vot ram hbght si ik mo s«v »al orf TARONGA AF6I9 3201 m 6.25 M 25/0* 20/07 29/07 02/01 07/08 05/08 TAHESIS AF62O 3201 hi 6.4 M 06/07 30/07 00/08 12/08 16/00 14/08 TWA AH2I 4201— Mil 14/07 09/08 18/08 22/08 28/08 24/08755 words
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Page 27 Advertisements
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Advertisement695 2006-06-20 27 WAN HAI INTERNATIONAL PIE LTD c* MO 14M*****00/* linn nil i inrc t^ *****5 4UMB > «*m24hm \\M 1 WAN Hill LINES C"* 0 Scrv»/lookings Drect Lks (1800) *****200 Y killlhw mia:fQ3)3346ttU MX: (03) *****2KFW IB: 104)*****00 MX: |04>2»6an Y JOMIH: (07) 251W2J fiUL |07)25H«1 M IB; (831) 32*5475 Hut695 words
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Advertisement1233 2006-06-20 27 IVfSSCI VQY 1 PKI I SIN I KARACHI PXB «A» NHS PMM MK I KHOR IRAN SHAH RYAR KL >142 22/06 23/06 02/07 05/07 06/07 12/07 14/07 16/07 ■AN BAABAH KL >143 01/07 02/07 11/07 14/07 15/07 21/07 23/07 25/07 KAN KOR DC STAN Pa >145 o>/07 9/07 U/07 21/071,233 words
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Advertisement816 2006-06-20 27 WEEKLY EXPRESS SAIUNG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS vissa voy Ism rjmiG ctxowo n. sheva colorbo MDUi 6AMDHI DIO4W 13 lUM 14 lIHI II HIM 21IUN ttJill miV CANOHI OIQ4W 27 JUN OMII IMT MJW 02 JUL MaiVU- 001 07 JUL MM 12 JUI IMII816 words
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THE BUSINESS TIMES SHIPPING TIMES
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PROPERTY
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Article, Illustration468 2006-06-20 29 ARTHUR SIM - Developer will sell one tower entirely as serviced residences By ARTHUR SIM FAR East Organization says it will launch Orchard Scotts soon, and one tower will be entirely sold as serviced residences. Far East has not released details on the launch but468 words
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295 2006-06-20 29 ARTHUR SIM - By ARTHUR SIM MORE help is on the way for retailers in Housing and Development Board (HDB) shops. HDB says that as part of its continuing efforts to help retailers cut business costs and improve efficiency, it will further relax rules on295 words
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359 2006-06-20 29 Reuters [LONDON] Average asking prices for homes in England and Wales rose at their fastest annual pace in more than a year in the period from mid-May to early June, driven by London and the south, a surveyReuters - 359 words
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Article, Illustration259 2006-06-20 30 ARTHUR SIM - By ARTHUR SIM A RESIDENTIAL redevelopment site in Sinaran Drive that was put on the reserve list of the Government Land Sales programme nine months ago is being offered for sale after an unnamed developer committed two weeks ago to bid $173.8259 words
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Article, Illustration416 2006-06-20 30 KALPANA RASHIWALA - Owners asking for a total of $175 million or $1,143 psf ppr By KALPANA RASHIWALA AFTER a flurry of collective sales in the Cairnhill and Orchard Boulevard areas in recent months, en bloc fever has headed towards Orange Grove Road. Orange Grove Condominium416 words
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Article, Illustration467 2006-06-20 30 KALPANA RASHIWALA - By KALPANA RASHIWALA OCBC Bank has appointed DTZ Debenham Tie Leung to auction off three freehold bungalows at Jalan Ampang in District 10 later this month. The expected price, is understood to total around $14 million. The bungalows, off Coronation Road467 words
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Page 29 Advertisements
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Advertisement80 2006-06-20 29 Parakou 4 Building The ONLY brand new office building along Robinson Road Good view/good natural Immediately available for Sole Marketing Agent: Winston Po *****957 Agnes Tay *****173 Sebastian Lim *****745 June Chua 9668 2033 Agnes Heo *****651 jenny Stew *****883 For Lease Office: 645 to ***** sqft Shop: 194 to80 words
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Advertisement307 2006-06-20 29 "577?" I FOR SALE BY TENDER GOOD CLASS BUNGALOW i V PROPERTY AT EAST SUSSEX LANE jjkJP Land Area 34,631 sq ft (3,217.3 sqm) Can be subdivided into 2 GCB plots jj&P g Situated close to reputable schools Henry "rtii Park Primary, Nanyang Primary and Raffles Girls' Primary School Easy307 words
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Advertisement113 2006-06-20 29 r. mmm 12-storey office JIMIMW BUILDING AT Siawm robinson road FOR SALE BY TENDER lender Closing June 2006, ■**■s™"*" ERA Freehold Residential Site Area: 1,810.1 sqm (approx. 19,483.75 sqft) m Plot Ratio: 2.8 k 1 J& Up to 36 storeys m 1 Jy Near Somerset MRT U A? Station and113 words
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Page 30 Advertisements
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Advertisement139 2006-06-20 30 5X V PRIME LOCATION ®S NEAR TIONG BAHRU MRT JgK, FULL GLASS FACADE te «i(j| UNIT SIZE FR M 1^ 8 sqft Orange Tee Call: 6877 2555 lEg Debenham Tie Leung I fcliwfriirf ftyirty Www FREEHOLD RESIDENTIAL SITE PrfSch 93V8& iAT 16 BALMORAL ROAD w .4 m "fw| five <P139 words
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