The Business Times, 7 July 2006
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2006-07-07
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The Business Times
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Title Section13 2006-07-07 1 THE BUSINESS TIMES Friday, July 7,2006 SINGAPORFBScents online at .com^g MICA (P) 099/03/200613 words
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673 2006-07-07 1 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY [SINGAPORE] The National Internet Advisory Committee (Niac), which released its ninth annual report yesterday, said all stakeholders the government, industry and the public need to work together to handle new challenges posed by the Internet and other new media673 words
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886 2006-07-07 1 CONRAD TAN - But analysts doubt the spate of activity will carry over into the second half of the year By CONRAD TAN [SINGAPORE] Equity capital market activity in Singapore surged to a new high in the second quarter, fuelled by several large new886 words
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Article131 2006-07-07 1 STI 2,448.07 (+23.96) ST INDEX FUTURES (+23.00) siMsa ***** (+235) SIMSa FUTURES 292.60 (+3.40) MARKETS Thursday Chang* KLSE COMP 820.00 -4J9 NIKKEI 225 15,321.40 -202.54 HANG SENG 16.440.99 >173.81 SETINDEX 688.96 +&24 JAKARTA COMP 1,340.021 +1.698 MANILA COMP 2,227.85 -34.49 SEOUL COMP 1,263.96 -15.89 SHENZHEN B 291.63 +2.39131 words
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Page 1 Advertisements
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Advertisement27 2006-07-07 1 mjm Ai cYcnmuc rnAmiMA BHH S'pore wins Jamaica-New York leg page 4 Business Times journalist and sailor Vincent Wee on the tactics that paid off space 1527 words
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Advertisement8 2006-07-07 1 STOCK FOCUS Cosco revamp on the cards PAGES8 words
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Advertisement46 2006-07-07 1 1 >. *<■* «>'• V CFO INTERVIEW •-J'■a*. 4 'fkr t| COURT BATTUE g: Apple, Creative open to>: possibility of settlement;^ 9 k *%w*r. \*l+ f b A *a Bufl ma L rs U| la ijßjM w| i BP 'W/ffi £^H^ I|*?F Uha .r.M, ty *.wJjjßir: •;'->'.ii-- '%i^iiHßPflßßßi£Bpßßli^H^^^H^H^^^^^^^^^^^^^H yg^j|^^^B^MßßJß^B|B^Hß46 words
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TOP STORIES
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Article, Illustration597 2006-07-07 2 ANTHONY ROWLEY - Japan also pushing G-8 to criticise missile test at next week's summit By ANTHONY ROWLEY in Tokyo THE diplomatic and market fallout from Wednesday's launch by North Korea of half a dozen missiles continued yesterday, with Japan at the centre. Stocks tumbled againREUTERS - 597 words
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585 2006-07-07 2 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur THE Malaysian government is considering overturning its decision on an already-approved RM7.7 billion (553.3 billion) aluminium smelter that would have taken up most of the electricity generated by the Bakun hydroelectric dam being built in Sarawak.^In its585 words
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720 2006-07-07 2 ANNA TEO - By ANNA TEO [SINGAPORE] Credit Suisse has 1 raised its forecast for Singapore's 2006 economic growth to a new high of 8.5 per cent —about 2 percentage points above consensus on the back of strong domestic demand. Other economists, however, aren't quite as upbeat,720 words
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Article367 2006-07-07 2 S'pore unveils plan for supply-chain security SINGAPORE is set to implement a voluntary supply-chain security programme aimed at reducing the vulnerability of the island's vital transhipment and logistics facilities to a crippling terrorist attack that would have global ramificatiSB6u*w TOP STORIES, PAGE C" Cosco S'pore seen becoming pure367 words
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447 2006-07-07 4 DONALD URQUHART - Voluntary scheme to make facilities less vulnerable to terror attacks By DONALD URQUHART [SINGAPORE] Singapore is set to implement a voluntary supply-chain security programme aimed at reducing the vulnerability of the island's vital transhipment and logistics facilities to a crippling terrorist attack that would447 words
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Article768 2006-07-07 4 KALPANA RASHIWALA - COMMENTARY Was 2004 divestment necessary, asks KALPANA RASHIWALA KALPANA RASHIWALA THE purchase this week by The Ascott Group of Hotel Asia on Scotts Road, with a view to eventually redeveloping it into service residences, has led some market watchers to re-* visit the group's June 2004768 words
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Article463 2006-07-07 4 [SINGAPORE] The Republic's representative in the round-the-world Clipper race has won the most recent stage of the contest, from Jamaica to New York, sailing past the finish line more than four hours ahead of the next fastest yacht. Uniquely Singapore is now ranked fifth among the463 words
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Page 2 Advertisements
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Advertisement162 2006-07-07 2 dt Special Price for routes flying from Singapore to: P U M M Shenyang, Dalian, Qingdao, Jinan, ■H Zhengzhou, Taiyuan, Baotou, Hohhot andXilinhot Call Air China or your travel agent for more offer to: Shanghai, Nanjing, Ningbo, Weihai, Yantai, Yinchuan, Harbin, Changchun, Xi'an and Zhangjiajie etc.. Air China had upgraded162 words
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Advertisement74 2006-07-07 2 people Do w now (Register with us today) Blto Guestfeitom lhax tfetope Restaurants. lounge Fun Tropk»J Spa, Mountain Bikes, Tennis Basketball CompHmeritaf) Da*fy Shopping Shuttle Oaf den View Meeting Rooms 400 Seat Batlroore O«rtooktnj the Footekfc '-'&)M&'Apaitem4s. Office Compter |p < 10 KUA; JO Minutes to Kuala Uimpur S Minutes74 words
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Page 3 Advertisements
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Advertisement27 2006-07-07 3 -MThe all new ***** with a V6,2.5-litre, dual VVT-i, D 4 direct fuel injection engine. jp| THERE IS NO STATUS IN THE STATUS QUO. ''it i i-27 words
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Page 4 Advertisements
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Advertisement1421 2006-07-07 4 SY el lo w Gompany Regis,ration Number: 2003M719G Singapore NOTICE IS HEREBY GIVEN THAT THE 3RD ANNUAL GENERAL MEETING of Yellow Pages (Singapore) Limited (the "Company") will be held at Ballroom l/ll Level 3, Singapore Marriott Hotel, 320 Orchard Road, Singapore *****5 on Monday; 31 July 2006 at 10:00 a.m.1,421 words
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Page 5 Advertisements
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Advertisement251 2006-07-07 5 Available in 2.0 L, 2.3 L X 3.5 L models. Specifications subject to change. Specificationa vary from modal to modal. SHlFT.modern luxury |jjj" p» J i Made in Japan Cruise control Human Machine Interface System* Bi-xenon headlamps* Memory driver seat (2 memories) Smart Screen Navigation System A Auto headlight on/off251 words
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COMPANY NEWS
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681 2006-07-07 5 RONNIE LIM - HOCK LOCK SIEW By RONNIE LIM IT HAS not been easy for SembCorp Industries over the last few months in its attempt to board the fast-moving Middle East train. Wednesday's late-evening announcement that it had at last clinched a U551,726 billion power681 words
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187 2006-07-07 5 SEMBCORP Industries' wholly owned subsidiary, SembCorp Environmental Management (SembEnviro), has invested $3.4 million for a 90 per cent stake in a joint venture with waste plastics recycler KK Asia. "This JV is our first waste-to-resource partnership in Singapore, following our recent recycling collaboration in187 words
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Article, Illustration523 2006-07-07 5 DONALD URQUHART - It will swap assets with its parent in the coming months, says Kim Eng report By DONALD URQUHART [SINGAPORE] COSCO Corporation (Singapore), the local bulk-shipping and ship-repair arm of China's largest shipping group, is likely to undergo restructuring in the coming monthsFILE PHOTO - 523 words
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519 2006-07-07 6 OH BOON PING - It will expand geographically, exploit wireless technologies By OH BOON PING PACIFIC Internet (PacNet), facing a takeover bid by Mediaßing, has defended its growth strategy after a substantial shareholder criticised the company's long-term plans as vague. In a statement yesterday, the company reiterated519 words
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374 2006-07-07 6 JEAN CHUA - By JEAN CHUA GIANT Wireless Technology may have chalked up a HK5146.5 million (5529.8 million) loss for the year but the company believes it is a "short-term and one-off setback", says chairman Liu Yong Ling. The company said it has started to374 words
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218 2006-07-07 6 CITY Developments Ltd (CDL) yesterday said that it was evaluating options for its office buildings either putting them in a real estate investment trust or selling them away. "Having placed no timeframe for its decision, the group will consider all options available before making a218 words
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Article, Illustration95 2006-07-07 6 FUND-RAISING for the SGX Bull Run 2006 has crossed the $1 million milestone, with a total ofsl.2o3.soopledged to the charity project so far. Proceeds from the run. to be held on Nov 10. will be channelled to 13 selected beneficiaries —all charities that help young people, including95 words
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COMPANY BRIEFS
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56 2006-07-07 9 OUE Realty's stake in Overseas Union Enterprise (OUE), the subject of its general offer, has risen to 68.1 per cent from 66.46 per cent as of Tuesday. OUE Realty is a joint venture between Indonesia's Lippo Group and Usaha Tegas, a holding56 words
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51 2006-07-07 9 RUBEN Capital Ventures' mandatory unconditional offer for Sembawang Music Holdings closed with valid acceptances of 44,998 shares or a stake of 0.08 per cent. As a result, Ruben now owns 29.54 million shares, or a stake of about 55.1 per51 words
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58 2006-07-07 9 IN response to press reports about its purchase of a stake in Fortescue Metals Group, Noble Group said it has had discussions with Fortescue, but has not entered into any definitive or binding agreement relating to any such58 words
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43 2006-07-07 9 FREIGHT Links Express Holdings has acquired an additional 30 per cent stake in Freight Links Express (Thailand) Co for about 8.78 million baht (*****,391). This raised its holding from 19 to 49 per cent.43 words
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110 2006-07-07 9 MAPLETREE Logistics Trust Management Ltd announced that MapletreeLog has signed a put-and-call option agreement to purchase a warehouse-cum-office property for $15.6 million from Goodrich Global Pte Ltd. The property, at 8 Changi South Lane, has been acquired on a sale-and-leaseback basis with110 words
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159 2006-07-07 9 GREAT Eastern and the Association of Women for Action and Research (AWARE) have jointly launched two initiatives aimed at helping women achieve financial independence. The first is a customised financial education course for women, called "AWAREness for a Greater Life". Great Eastern159 words
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459 2006-07-07 9 COURT HEARINGS Creative shares up 17% in past 5 days on optimism of lawsuit settlement Bloomberg [WASHINGTON] Apple Computer Inc and Creative Technology Ltd said in court papers they "remain open to the possibility" of ending their litigation battles over handheld musicBloomberg - 459 words
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Article, Illustration382 2006-07-07 9 CONRAD TAN - Lawyer argues for him to get only fine, be spared jail By CONRAD TAN FORMER Accord Customer Care Solutions (ACCS) chief executive Victor Tan, who was convicted of cheating and fraud in May, is expected to be sentenced next Friday, together with a formerFILE PHOTO - 382 words
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399 2006-07-07 9 OH BOON PING - By OH BOON PING CORPORATE loans and interest rates may have risen but Citigroup says that they "belie a weakening GDP trend". The group thus maintains "neutral" position on the local banking sector. In a report this week, Citigroup also says that contraction in399 words
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204 2006-07-07 9 GLOBAL asset management company Templeton Worldwide Inc has emerged as a substantial shareholder of healthcare and lifestyle products group OSIM International. Announcements to the Singapore Exchange show, as of June 26, Templeton has a deemed stake of 5.03 per cent. This follows purchases204 words
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Advertisement10 2006-07-07 6 durch Technik www.audixom.^^ 1 f%% IVri <^; SMSMmjS7- ggaa^S&Ea^;«£ nx r*10 words
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THE CFO INTERVIEW
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Article, Illustration1095 2006-07-07 7 SAMUEL EE - Combining his financial knowledge with his CEO's market expertise, Stamford Tyres CFO Conson Sia helps him ran the company as a partner, says SAMUEL EE SAMUEL EE STAMFORD Tyres Corp chief financial officer (CFO) Conson Sia believes the person looking after the financial affairs of a listed1,095 words
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364 2006-07-07 7 GETTING finance people whom you have trained to stay on in the company is one of the biggest challenges for Conson Sia, 39, CFO of Stamford Tyres Corp. "From my experience, this seems to be a Singaporean peculiarity. But maybe it's364 words
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SINGAPORE MARKETS
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Article, Illustration527 2006-07-07 8 R SIVANITHY - STOCKS ...or a case of short-covering as the STI reversed its loss yesterday to end higher? R SIVANITHY Senior Correspondent EITHER short-term traders who went short on Wednesday found an incentive to quickly cover their losses or investors suddenly decided the North Korean missile testsSource: Bloomberg - 527 words
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Article, Illustration459 2006-07-07 8 Deemed Interest; IP: Investment Purposes; SA: Share Allotment; ST: Share Transfer; B/R: Bonus/Rights issues; O/E Option Exercise; PL: Placement Shares; IT: Internal Transfer Compiled by BT OTHER SINGAPORE INDICES Jul 6 VALUE CLOSE BTOB7QS 540.00 -109.00 BT CADI -*****.00 +107.00 HQ-day HA -*****.00 +54.00 AH-SG Equities 633.01459 words
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Article, Illustration981 2006-07-07 8 UMA SHANKAM - Compiled by UMA SHANKAM Singapore Exchange July S «Aom: $346 OMB-CK RESEARCH. My S BUY when expectations are low: Now is the time to be buyers of SGX again- Earlier in the year, we were less optimistic on the stock when M&A hype and buoyant stock market volumesSource: Bloomberg - 981 words
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Article, Illustration441 2006-07-07 8 CURRENCIES AFP [TOKYO] The US dollar was softer in narrow ranges in Asian trade yesterday as investors anticipated a hawkish signal on interest rates from the European Central Bank (ECB) and awaited key US jobs data, dealers said. The US dollar easedAFP; REUTERS - 441 words
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Page 9 Advertisements
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Advertisement341 2006-07-07 9 Ijineyarcfs 5 (mm This season, America makes its way to Jasons by way of its wines. Famously gorgeous American reds and whites, to suit every dish and match any dessert, to satiate the connoisseur's palate. Great wines for great tastes, only at Jasons Wine Cellar. Perfection for the senses. Hunter341 words
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SINGAPORE NEWS
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Article, Illustration450 2006-07-07 10 UMA SHANKARI - Buyers drawn to Cantonment Rd condo's $600-$700 psf price tag Reports by UMA SHANKARI MAPLETREE Investments' one-off venture into residential property development, The Beacon in Cantonment Road, is almost sold out —just three weeks after launch. While there has been little marketing fanfare since the450 words
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SINGAPORE ROUNDUP
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64 2006-07-07 10 SINCE the Human Organ Transplant Act (HOTA) was widened two years ago, 130 people have received a new lease of life, the Ministry of Health said. The HOTA was expanded beyond kidney transplants to include the liver, heart, and cornea as well. The64 words
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Article32 2006-07-07 10 STANDARD Chartered Bank is introducing a membership programme providing benefits such as attractive interest rates on their foreign deposits and exclusive offers on lifestyle merchants to help foreigners settle in more easily.32 words
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Article30 2006-07-07 10 THE Singapore Indian Chamber of Commerce and Industry (SICCI) has "launched the SICCI-DBS Indian Entrepreneur Awards 2006 to reward and recognise Indian entrepreneurs in the Indian business community in Singapore.30 words
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335 2006-07-07 10 CENTREPOINT Shopping Centre's new extension will be open by Christmas just in time to buy presents. So far, about 50 per cent of the 58,000 square feet of space available in the new wing has been taken up by tenants, Frasers Centrepoint's335 words
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327 2006-07-07 10 THE National University of Singapore (NUS) said yesterday it will set up an office in Beijing in addition to its Shanghai office to facilitate academic, enterprise and outreach activities in China. NUS president Shih Choon Fong said the move will deepen the university's engagement327 words
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303 2006-07-07 10 [SINGAPORE] There is a good chance that there could be an attack on the worldwide supply chain some time in the next five years, before universal security standards have been developed, a US-based security consultant says. "It's unfortunate, but303 words
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Article, Illustration278 2006-07-07 10 FRANCE and Italy won't meet in the World Cup final until Sunday. But advertisers here are already cheering, as 77 per cent of Singaporeans plan to watch the match at home, according to the latest TNS survey. The online survey also showedFILE PHOTO - 278 words
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Advertisement1253 2006-07-07 10 Singapore Shipping Corporation Limited (Company Registration No. *****1332G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE To: All Shareholders NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of Singapore Shipping Corporation Limited (the "Company") will be held at Singapore Exchange Ltd, SGX1,253 words
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Advertisement27 2006-07-07 10 Want the best deal? Invite tenders. Call 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. W t NOTICES a 527 words
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Advertisement1754 2006-07-07 11 :*AT3 I NOTICFS I buy,t■ sell,t■ find,t M*j L-J Toll free: 1800-289-8822 Email: notices@sph.com.sg I @FM HOLDINGS LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of FM Holdings Limited (the "Company") will be held at The Executives' Club, 65 Chulia1,754 words
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Advertisement738 2006-07-07 11 FRONTLINE TECHNOLOGIES CORPORATION LTD Company Registration No. *****1489G (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the extraordinary general meeting of the Company will be held at Keppel Hall, Keppel Club, Level 4, 10 Bukit Chermin Road, Singapore *****8 on 28 July738 words
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Advertisement1842 2006-07-07 11 A INFORMATICS f holdings ltd (Incorporated in the Republic of Singapore) (Company Registration No: **********) NOTICE IS HEREBY GIVEN that the Twenty Third Annual General Meeting of Informatics Holdings Ltd (the "Company") will be held at Informatics Campus, 12 Science Centre Road, Singapore *****0 on Monday, 31 July 2006 at1,842 words
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Advertisement129 2006-07-07 11 FUJI OFFSET PLATES MANUFACTURING LTD Co. Reg. No. *****4769G (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES The under-mentioned share certificates have been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Ang Kim Ton *****1 1 x 1,000 AngKimTon *****3 to *****0 Bxloo,ooo Ang Kim Ton129 words
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ECONOMY WATCH
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Article, Illustration574 2006-07-07 12 They cite higher demand, threats to output in Persian Gulf, Nigeria Bloomberg YORK] Oil analysts raised their price forecasts ?for this year as demand in- creases and threats to output loom in the Persian Gulf, Nigeria and the Gulf of Mexico. Z* CrudeBloomberg; BLOOMBERG - 574 words
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238 2006-07-07 12 Bloomberg IJAKARTAJ Indonesia's central bank cut its benchmark interest rate for the second time in three months to revive consumer spending in South-east Asia's largest economy. Bank Indonesia governor Burhanuddin Abdullah yesterday cut the rate used as a reference for bill salesBloomberg - 238 words
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218 2006-07-07 12 Reuters [MANILA] Casinos, including those on the Internet, top the list of potential money laundering routes and an upcoming study will investigate how much they are being used to wash dirty money, a regional body said yesterday. Real estate, jewellery and dealers in high-valueReuters - 218 words
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Article32 2006-07-07 12 UNIT TRUSTS FUNDS LEGEND: All prices are indicative;vBroadly Diversified;|Narowly Focused;$Lower Risk;^ Low to Medium Risk:&Medium to High Risk;** Higher Risk;oopen-ended;+Before subdivision of units;After subdivision of units;SP after stock split;N.A. Non Dealing Day32 words
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Advertisement34 2006-07-07 12 if*.- 5 You can now use your CPF savings to invest in AllianzGI Global Allianz (jjj) Hiqh Pavout Fund. Visit our appointed distributors for more details. Giobal > nvestors J I company ri'gn no *****7169/34 words
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Advertisement41 2006-07-07 13 AURIC PACIFIC UACAHM-MAUnKISINOAFMIPTF LTD »BI UP I ?£s&&** *SP!W nmmgH maxXium BwaiimnKniini m^—li tw^— —-—_^^3^i^iiiijimi^i^i^ J> (grjgberti «wm™ B .idnb. Wenko Pte Ltd WMM< H Yen Investments Pte Ltd An exclusive club by: 1% Fair Price —"Z —NTUC Singapore's very own41 words
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MALAYSIA
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Article, Illustration637 2006-07-07 14 EX-tycoon claims in court paper he was asked to buy shares to bail out the govt AP [K|jALA LUMPUR] In a startling claim likely to shake up Malaysian politics, an ex-tycoon has accused former prime minister Mahathir Mohamad of forcing him inAP; AFP - 637 words
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325 2006-07-07 14 Bernama [MELBOURNE] A Malaysian businessman who once claimed directorship of a As 6 billion (Ss7 billion) banking group was arrested this week on his return to Melbourne from overseas, The Age newspaper reported. Authorities executed an outstanding warrant for Adrian Ong's arrest when he flewBernama - 325 words
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452 2006-07-07 14 PAULINE NG - By PAULINE NG in Kuala Lumpur THE Kuala Lumpur Composite Index (KLCI) futures contracts are trading at a hefty discount, driven by global uncertainties and the political imbroglio between former prime minister Mahathir Mohamad and his successor Abdullah Ahmad Badawi. Spreads have widened to452 words
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Advertisement89 2006-07-07 14 IMW |2^^ppF k ,Jp il 1 """Zl. 1 p»u«* eiKK m r *p* w v< ec^°' Kmoi! jl I Company I iSBk Enhance your corporate image with SPH news reports or features on your company. Widely regarded as the definitive source for incisive business analyses and accurate industry reviews, we89 words
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KEPPEL.CLIPPER – ROUND THE WORLD
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Article, Illustration1795 2006-07-07 15 VINCENT WEE - Self-belief in its race tactics paid off during the race from Jamaica to New York, reports VINCENT WEE aboard Uniquely Singapore VINCENT WEE AMONG the many slogans that the crew of the Uniquely Singapore Clipper have stuck above the entrance to the below-deck area is one thatPHOTOS BY INGRID ABERY - 1,795 words
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Page 15 Advertisements
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Advertisement50 2006-07-07 15 -J& M'^tmSßimf/••■-■■' Across the world in 30 countries, Keppel makes Its mark J "v''of distinction. s^ v Backed by local knowledge and network in each market and armed with proprietary technology, *4^" k ".^K3I Keppel stays on course in growing its businesses in IT* J%» Offshore Marine, Property and Infrastructure.50 words
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Advertisement9 2006-07-07 15 This series is brought to you by Keppel Corporation9 words
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GREATER CHINA/INDIA
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234 2006-07-07 16 Reuters [BEIJING] China will soon issue rules to restrict property purchases by foreigners living in the country to cool speculation, China Business News said yesterday. fc The new property policy was likely to come in administrative orders, including strict systems on approval andReuters - 234 words
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406 2006-07-07 16 Decision follows threat by key ally to pull out of ruling coalition Reuters AP [NEW DELHI] Indian Prime Minister Manmohan Singh yesterday decided to put on hold all decisions to sell stakes in state-run firms after a key ally threatenedReuters; AP - 406 words
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370 2006-07-07 16 Reuters [BEIJING] A proposed new labour law will make it more expensive for foreign companies to operate in China and gives greater power to trade unions, a law firm said yesterday. Under the proposed labour contracts law, employers in China willReuters - 370 words
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Article, Illustration388 2006-07-07 16 Reuters [NATHU LA, China-India border] Asian giants India and China opened a Himalayan border pass to trade yesterday, 44 years after a brutal war shut the ancient Silk Road route. As local music from both sides of the border played through the chilly mist, IndiansReuters; AFP - 388 words
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Article, Illustration645 2006-07-07 16 Steel giants saw meeting of minds in 20-minute talks Bloomberg [LONDON] The moment that turned the biggest steel merger in history from hostile to friendly came during a 20-minute conversation last month at the Sheraton Hotel across the street from Brussels Airport. Aditya Mittal,Bloomberg - 645 words
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BRIEFLY ASIA
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98 2006-07-07 16 AFP [KUALA LUMPUR] Malaysia Airlines (MAS) said yesterday it will let go 0f6,000 employees over the next two years as part of a plan to turn around the loss-making national carrier. Some 3,089 workers will leave this year, 2,622 of whom willAFP - 98 words
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95 2006-07-07 16 Bloomberg [JAKARTA] Indonesia appointed two new top Energy Ministry officials to oversee the country's oil, natural gas and electricity industries as it seeks to reverse a decline in crude oil production. Luluk Sumiarso, the former secretary-general at the ministry, will serve as director-generalBloomberg - 95 words
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82 2006-07-07 16 Reuters [BEIJING] Sixty per cent of Chinese university students coming from poor families feel "utterly ashamed", Xinhua news agency said yesterday, quoting a recent survey of4oo Beijing students whose families had financial difficulties. The costs of higher education in China, all but free 20 yearsReuters - 82 words
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70 2006-07-07 16 Bloomberg [SINGAPORE] PricewaterhouseCoopers LLP, the world's biggest accounting firm, will hire 3,000 employees in China over the next five years, said Chey Chor Wai, a partner at the company. The "Big Four" accounting firms, including PwC, Ernst Young LLP, Deloitte Touche LLP andBloomberg - 70 words
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Page 16 Advertisements
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Advertisement1400 2006-07-07 16 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 Ed) AND IN THE MATTER OF HAGEMEYER ASIA PACIFIC ELECTRONICS PTE LIMITED (In Members' Voluntary Liquidation) (Company Registration No. **********) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held1,400 words
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ASIA-PACIFIC/WORLD
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519 2006-07-07 17 It's mulling deal and any investment is likely to be under US$1b, says FT Bloomberg Reuters AFP [SINGAPORE] Singapore investment company Temasek Holdings is considering taking a stake in the initial public offering by Russian oil company Rosneft, the Financial Times reported yesterday. Temasek wasBloomberg; Reuters; AFP - 519 words
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379 2006-07-07 17 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo THE World Trade Organisation's Doha Round of trade negotiations have "entered the red zone" and are in danger of failure unless major trading partners show more flexibility on issues such as cuts in agricultural subsidies and industrial tariffs,379 words
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477 2006-07-07 17 LATEST US DATA Reuters Bloomberg [NEW YORK] The service sector of the US economy expanded in June, but at a slower pace than in May, according to a monthly survey of supply managers released yesterday. The expansion was also slower than analystsReuters; Bloomberg - 477 words
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236 2006-07-07 17 AP Reuters [SAN FRANCISCO] Three people were charged by federal prosecutors with stealing confidential information, including a sample of a new drink, from The 'Coca-Cola Co and trying to sell it to rival PepsiCo Inc. The three, who include an executive administrativeAP; Reuters - 236 words
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377 2006-07-07 17 French govt backs possible tie-up between Renault and Nissan Bloomberg Reuters [DETROIT] General Motors' chief executive officer Rick Wagoner plans to meet Carlos Ghosn, chief of Renault and Nissan Motor, next Friday to discuss a possible alliance, a GM official whoBloomberg; Reuters - 377 words
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Article, Illustration75 2006-07-07 17 Reuters AFP THE pack of riders await the start of the sth stage of the 93rd Tour de France cycling race between Beauuais and Caen yesterday. Belgian Tom Boonen of Quick Step retained the race leader's yellow jersey ahead of the 225 km stage. Australia'sReuters; AFP; REUTERS - 75 words
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WORLD WATCH
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72 2006-07-07 17 AP [BANGKOK] Thailand's attorney-general submitted election fraud charges to the country's top court yesterday in a move that could lead to the dissolution of Prime Minister Thaksin Shinawatra's ruling party and its main rival. The Constitutional Court must now decide whether to accept theAP - 72 words
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68 2006-07-07 17 Reuters [TOKYO] The Tokyo Stock Exchange (TSE) said yesterday it would form an alliance with the Korea Exchange, as competition heats up among bourses worldwide. The two will consider allowing stocks listed on one of the exchanges to be traded at the otherReuters - 68 words
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Article65 2006-07-07 17 AP [SAN JOSE] Apple Computer completely rid its product line of bulky cathode-ray-tube monitors on Wednesday, choosing to sell only flat-panel displays. It introduced an US$B99 iMac specifically for schools and students, replacing the eMac, which was the company's last remaining CRT-based model. Apple's new,AP - 65 words
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532 2006-07-07 17 NYT [HOUSTON] The sudden death of Kenneth Lay on Wednesday may have spared his survivors financial ruin. The death of Lay, former head of Enron, effectively voids the guilty verdict against him, temporarily thwarting the federal government's efforts to seize his remainingNYT - 532 words
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AVIATION
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Article, Illustration789 2006-07-07 18 VEN SREENIVASAN - Profitable airlines tend to be smaller, niche regional players: lata study By VEN SREENIVASAN [SINGAPORE] When it comes to airline profitability, size does not matter, although larger airlines can use economies of scale to rake in bigger absolute profits. A recent study byFILE PHOTO - 789 words
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Article, Illustration314 2006-07-07 18 Bloomberg [BEIJING] China Southern Airlines, the nation's biggest airline, Air China and other carriers in the world's most populous nation flew 18 per cent more passengers in the first half from a year earlier as economic expansion spurred travel demand. The country'sBloomberg; BLOOMBERG - 314 words
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188 2006-07-07 18 AP [KUALA LUMPUR] Money-losing Malaysia Airlines said yesterday that it will cut 6,000 employees over the next two years to shrink its workforce by 25 per cent and save RM2SO million (SsloB million) a year. In a statement, it said itAP - 188 words
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177 2006-07-07 18 AFP [LONDON] The new owners of BAA said yesterday that the British airports operator would continue with plans to develop a second runway at Stansted Airport, north-east of London.. A consortium led by Spanish construction group Ferrovial, which now runs BAA, added inAFP - 177 words
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368 2006-07-07 18 Reuters [CHICAGO] Planes operated by major US airlines are fuller than ever this summer, and the embattled carriers are seeing stronger revenues as a result, industry analysts said on Wednesday. The record-high load factors bode well for airlines if they can keepReuters - 368 words
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259 2006-07-07 18 Reuters [WASHINGTON] The US Transportation Department proposed on Wednesday lifting an antitrust waiver for an international trade group that sets airfares and air cargo rates between the United States and Europe. The proposal to eliminate the 50-year involvement of theReuters - 259 words
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Article397 2006-07-07 18 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:397 words
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SHIPPING
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Article, Illustration495 2006-07-07 19 CONRAD RAJ - It clinches $260m deal for 2 vessels from Russia's Lukoil Oil Company By CONRAD RAJ [SINGAPORE] Keppel Corporation will become the first Asian shipyard to build ice-breakers, after securing a $260 million deal for two vessels from Russia's Lukoil Oil Company, controlled495 words
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545 2006-07-07 19 Reuters [HONG KONG] River port operator CIG Yangtze Ports pic hopes to break even in 2007 despite tough competition, and will embark on a HK$5OO million (Sslo2 million) second-phase expansion in central China as early as next year. CIG chairman Edward ChowReuters - 545 words
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Article888 2006-07-07 19 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR PALLETS packed within large intermodal containers are packages for the purpose of the US$5OO per package limitation in the US Carriage of Goods by Sea Act (COGSA), an appeals court in the US ruled last month. The dispute involved the888 words
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395 2006-07-07 19 Reuters [NEW YORK] Freight rates for hauling grains from North America to Asia have fallen after peaking late last week, but market projections remained bullish for the long term, brokers said on Wednesday. Last week, Panamax rates hit levels notReuters - 395 words
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Page 19 Advertisements
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Advertisement1221 2006-07-07 19 Cougar^ llliirna a maw jTTTt• m in (Company Registration No. *****9721 C) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE to. /mi onarßnOKjers NOTICE 18 HEREBY GIVEN that the Rrst Annual General Mooting of Cougar Logistics Corporation Ltd. (the "Company") be held at Singapore1,221 words
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EDITORIAL & OPINION
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511 2006-07-07 20 EDITORIAL PRIME Minister Lee Hsien Loong, at the end of his weeklong trip to Australia and New Zealand last month, observed that Australia's party politics had held up the opening up of its air services sector to the detriment of its economy as a whole.511 words
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Article, Illustration769 2006-07-07 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group FORMER US vice-president A 1 Gore calls global wanning an "inconvenient truth", as if merely recognising it could put us on a path to a solution. That's an illusion. The real truth isThe Washington Post Writers Group - 769 words
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Article, Illustration1022 2006-07-07 20 MATTHEW LYNN - Financial troubles in Turkey and Hungary also fuel concern about political turmoil there MATTHEW LYNN Bloomberg FIRST Iceland. Now Turkey. And Hungary is looking wobbly. Europe is increasingly encircled by financial woes. Its emerging markets are being hit by a wave of speculativeBloomberg; REUTERS - 1,022 words
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Article, Illustration1137 2006-07-07 21 ANDREW DUNN, LAUREL BRUBAKER CALKINS - He was a prominent civic leader, active in numerous charities and political campaigns By ANDREW DUNN, LAUREL BRUBAKER CALKINS Bloomberg Kenneth Lay was a preacher's son who rose from humble origins to earn wealth and acclaim as head of Enron Corp, then died inBloomberg; AP - 1,137 words
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795 2006-07-07 21 Quek Soo Beng Singapore - LETTER TO THE EDITOR Quek Soo Beng Singapore I REFER to your article "New rule may push firms to have accountants as CFOs" (BT, June 28). I had written in your columns some eight months ago calling for the heads in internal audit and795 words
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Article644 2006-07-07 21 KAMAL NATH, PETER MANDELSON - By KAMAL NATH, PETER MANDELSON International Herald Tribune WHAT area of the current WTO Doha negotiation offers the greatest benefits for the developing world? Cutting trade-distorting farm subsidies and eliminating export subsidies in the developed world? This is certainly important in removing trade distortions aInternational Herald Tribune - 644 words
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Page 21 Advertisements
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Advertisement101 2006-07-07 21 HAVEYOUR SAY Fax your letters to 6319-8277 or email them to bttetterOsph. or write to: The Business Times, SPH HQ, IOOOToa 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 libel laws. We101 words
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Advertisement23 2006-07-07 21 I ft I I Tje driving I I behind ihe cjrowta I I fliiSSagsi I t»] #>Tn *i»n d i iMiWTH I I'pt'f'rl'rl'^^^23 words
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Article2415 2006-07-07 22 S6X XTRANET 9* M l*t Mi My MOM 0it*. ON GrTW MM MCa L— Cm* emmm, i* 4 W Lw h—> Cw M U* itn»101W 6C6S Dimon* USIOISta) era* tiojifi t«ti UU740 6097 ISMSQSpofW US555 MO! RWW UW70 WW 9MB VAUXIO jm mi e» stifttioo jmi .17 J72,415 words
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Article3345 2006-07-07 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES m but cm tm SI to UU dy dy dy %yr Mi *nd— Chang* Ot->g« Qjr.g« Ch*->q« Chanp« Chang* WtriaintoWtftrttuw »U -IjO 14 -44 4A -14 41 i iAtt Pntarwwry MR? -tj 14 -13 IS -1.7 74 EtaopePalMnary ***** _jy 2.7 -13 S33,345 words
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Advertisement1769 2006-07-07 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RPM/ATW/BMN/TLB/NAN SEAFRIEND CAM/NFK/SAV/NOL AFRICAN UON RDM/ATW/BMN/TLB/NAN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination r BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT ORIENTAL RIVER INC/BSN PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT WIN HONEY INC/BSN Loads Singapore, E./W. Malaysia,1,769 words
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Advertisement723 2006-07-07 24 Iwmiunu *o*o MKtna vissa/voT uapptn mmm n» kh m sw in STMmvWTUIE 12/04 IS 3.2 04/07 M/ 07 13/07 14/07 18/07 STIAiTS VENTURE 13/06 IS 3.2 20/07 23/07 27/07 30/07 01/08 ISIUnSVBnUtt 14/04 IS 3.2 04/08 04/08 10/08 13/08 15/08 [AUSTRAUAN KOitO smvtci 1 vßsa/vor iMMPoti)! wGHnwl m |sx m723 words
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Advertisement1130 2006-07-07 25 WAN HAI MTWNAHONAi. PTI LTD a NO: 14M»*****/R WsWAN HAI LINES JOH IE; V 7) 81MD MJb IDTBSIWII SUI*:H11) JWS47SFAX:|O3t)XJ*I7I4/IJ4IJOS WWW CM (a Jna:<UI>nMIMIU:|HI)S2SeMnaK:7I4Ht/7Hai NULTIUn w.wooW'-IW.»f M D: IMI) 4157W1 tKb R4I) 4HWB/4MHW pl TsTa -jßft"Bßh-j»- m THy |MM HAI 732 NOT IMP 12A7 14/07 IVO7 IMP TO-20/07 11/ V1,130 words
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Advertisement920 2006-07-07 25 tjn\ eastern car liner, ltd 1 SPECIALIZE IN RORO A HEAVY LIFT UPTO 4SO TONS voy I|um* sm p«i nam ram| pnn *t la mua sw km mi LUNA AZUL 70 35 10 HW 10/07 11/07 IW HESBI ~l B —~Tf7T m m —m WHITE MJZUHO 4 M W 14/07920 words
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Advertisement9 2006-07-07 25 PLACE YOUR AD HERE The Business Times Shipping Times9 words
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Advertisement689 2006-07-07 25 I® £*oas& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS yissa vot sw pjoano coloboo usheva coloboo HOUfmt IHD&t 00S3W 04 JUL OS JUL M IUL I2JIU LLUIi WW" mu»l FOt MMHVIA ALSO ACOPIMGIUTKOBN (I J/7/0*) t NNH 17/7/04 ALSO ACOPIBI Kl 10 COOBI lUIKXMN689 words
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Advertisement823 2006-07-07 26 mNordana (Asia) Pie Lid Shgnpir« *****1 NORTH WEST EXPRESS LINE MONTHLY SfRVICi TO WESTERN AUSTRALIA AND ISLANDS DATES ARE AMIVAL DATES 3m yy asMßgs (kbiwihfari PMh&rf— KM ffl— ZZgHZZI Qiius OLAug Ma larthra 55 18 Aw Ma. Qiiflo Misn US« blond Express lE6OB 18Sep 29 Sep 060 d WOct 16Oct823 words
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Advertisement1120 2006-07-07 26 I wtwiT ma\ W/v oifo mmm 181 WW SCwi jfol |$57 »fe BffiB gMffig Bg I I d I WCWlW> I rWifl 7E/Q7 01/Of W/W 27/97 Vg« *0T $1 fOWKUIW OHA6QM6 Jt"' y^irrj PAC MAKASSAR iaim *wL -TT. .Wl V9 1JL tW Tff ff« fW 1 Y I UwCh*— Vn1,120 words
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THE BUSINESS TIMES SHIPPING TIMES
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Page 28 Advertisements
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Advertisement4755 2006-07-07 28 ROTOL SINGAPORE LTD /W a Company Registration Number: 1980CX)473 ROTOL Notice of Annual General Meeting s,wc a£°* c NOTICE IS HEREBY GIVEN that the 2006 Annual General Meeting of the shareholders of the Company will be held on Monday, 24 July 2006 at No. 17 Tuas Avenue 9 Singapore *****74,755 words
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Advertisement440 2006-07-07 28 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE CowpanlM Wlndtofl Up No 315 of 2000 In the Matter of the Companies Act, Cap 50 and In the Matter of Dreamecape Consulting Pte Ltd (In Liquidation) Rea. No.: 1M*****5Z NOTICE OF MEETING OF CONTRIBUTORIES Take notice that a meeting of440 words
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Advertisement184 2006-07-07 28 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF BJE HOLDING PTE LTD (Registration No. *****5294E) On Liquidation) NOTICE IS HEREBY GIVEN that a Members and creditors Meeting of the Company will be held at 139 Cecil Street #04-01 Cecil House, Singapore *****9 on 12184 words
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BOOKS
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Article, Illustration529 2006-07-07 29 PARVATHI NAYAR - WORDS FROM THE TOP Peter Knipp, master chef and founder of food consultancy Peter Knipp Holdings, talks to PARVATHI NAYAR about savouring books PARVATHI NAYAR Q. Can you share with us a book that relates to your great passion in life. i.e. food? A. The529 words
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Article471 2006-07-07 29 A fortnightly listing of the latest books available in S'pore FICTION JPod by Douglas Coupland ($33.10) Coupland's new novel is laden with word games and quick-witted visuals. Set around a new breed of tech company employees of JPod and how all their thoughts are masked with ambiguity through471 words
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Article384 2006-07-07 29 PARVATHI NAYAR - By PARVATHI NAYAR IT is a literary award just for women, and why not? After all it was created as a specific response to a situation where extremely talented women authors were being ignored by major literary prizes. The award in question, of course, is the384 words
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Article, Illustration304 2006-07-07 29 Cheeh Ui-Hoon - By Cheeh Ui-Hoon ZADIE Smith's third novel. On Beauty, may have been passed over for last year's Man Booker, but she received her just dues by bagging this year's Orange Prize for Fiction. It's a marvellously textured story about university life and two academics whose304 words
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Article, Illustration390 2006-07-07 29 Kiira Gustafson - By Kiira Gustafson ONE of the few novels set in the British Orthodox Jewish community, Naomi Alderman's Disobedience won the 2006 Orange Award for New Writers. Set against the backdrop of conservative Hendon, London, the novel focuses on the themes of identity, fidelity, tolerance and what390 words
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Page 29 Advertisements
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Advertisement70 2006-07-07 29 i Diners Cl U b Card r<, w /M6416 0980 A World of Exclusive Privileges Treats Diners Club International' Parting company? Make it known. Call 1800 289 8822 or email notiees@sph.com.sg to book your corporate notice in our newspapers now. I NOTICES -*4Br rHaru Dining BE One Fullerton #01 -07,70 words
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Advertisement151 2006-07-07 29 .-'t I Tg*"Wk mL. 60 Reasons To Feast Again Savour delectable dishes in our popular '60 Dishes Deluxe Feast' such as Braised Shark's Pin Soup with Crabmeat. Shredded Pork with Garlic 6c Chilli Sauce, Chengdu Diced Chicken with Spicy Bean Paste and many more. Lunch: Adult $35.80, Child $24.80 (Sat,151 words
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Advertisement6 2006-07-07 29 ■aBanDHMkmL ChooM ocm tt«m from our6 words
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Advertisement87 2006-07-07 29 w Surpassing the C CREEK S ver y b esto fNZ> s Sauvignon <B(ancs 490 Points, Smart Buy Highest rated wine in the New Zealand/ Australian category March 2006 Wine Spectator Blue Gold Sydney International Wine Competition 2006 Gold Air NZ Wine Awards 2005 Gold Wines for Asia 2005 <87 words
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WINE
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Article, Illustration1090 2006-07-07 30 N K YONG - Each successive wine in the line-up N K YONG tasted just got more and more perfect as if a new benchmark was being set each time N K YONG EGON Muller Jr had a broad smile on his face when we arrived at his home last1,090 words
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Page 30 Advertisements
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Advertisement55 2006-07-07 30 Subscribe to 12 months of The Business Times et $265* end receive t( 6 months of Newsweek K 2 bottles of red/white wine of your choice I lis-PySINESS Times I Wine Cooler Bag complete with accessories Tihiillv Ca 6388 3838 now 10 su|,sc |,e •—wnttmmmh 'Wfella steels Hsu THE BUSINESS55 words
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Page 30 Miscellaneous
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Miscellaneous311 2006-07-07 30 CRYPTIC CROSSWORD across English sailor (10) 5 Working with royalty is there s something totally unique! (4) the rub. (7) 6 Set off, therefore, for an ex--9 Spell Admission (8) am in Cambridge (6) 10 There s one in a sort of leath- -j figure Bury is outside, for exer311 words
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CINEMA/ARTS
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Article, Illustration764 2006-07-07 31 GEOFFREY EU - Thank You For Smoking relies simply on good acting, a sharp screenplay and a straight-ahead style to entertain its audience, says GEOFFREY EU GEOFFREY EU IN the middle of a season of mediocre cinematic fare, it is always a pleasure to discover away from764 words
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Article, Illustration394 2006-07-07 31 PARVATHI NAYAR - By PARVATHI NAYAR IT is such a good-looking film, with such exquisite actors and sensuous props, that you feel like the mean-spirited Ugly Sister playing party pooper at Cinderella's Ball when complaining about all that beauty being backed by very little substance. In Mistress394 words
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Article, Illustration300 2006-07-07 31 UMA SHANKARI - DVD By UMA SHANKARI THUMBSUCKER is the rarest of movies a coming-of-age tale that manages to be sensitive and funny, and also ring with emotional resonance even for those of us well past our teenage years. The plot, at first glance, seems a bit of an300 words
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Article, Illustration604 2006-07-07 31 NOOR AISHA - OPERA By NOOR AISHA "l CRINGE every time someone tells me they have watched opera before as in The Phantom of the Opera," says Toh Weng Cheong, chairman of the Singapore Lyric Opera (SLO). "People often think that opera is something stodgy and boring.604 words
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350 2006-07-07 31 KIIRA GUSTAFSON - THEATRE By KIIRA GUSTAFSON IN the strange and disconcerting production Palette of Desires, three machines forgotten in a warehouse but obsessed with function try to escape their four-walled world. In the lead roles are Singaporeans Elizabeth de Roza, Koh Leng Long and Loh350 words
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Article, Illustration608 2006-07-07 31 KIIRA GUSTAFSON - THEATRE By KIIRA GUSTAFSON LAST Saturday's performance of Ronald Harwood's The Dresser at the Singapore Repertory Theatre (SRT) started with an air raid siren and ended with a subtle bang. Set in gritty 1942 England, Harwood's play is about the loyalty of two men608 words
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executive lifestyle
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Article581 2006-07-07 32 jaime ee - off the cuff jaime ee GRATITUDE is a funny concept. It's a lot more complicated than courtesy, where you can get by with simply a "please", "thank you" or "please allow me to pick up the papers you have just dropped". In that sense, courtesy is581 words
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Article, Illustration1496 2006-07-07 32 PARVATHI NAYAR - Executive coaching is a huge buzz-phrase in the corporate world today. PARVATHI NAYAR talks to some coaches to find out how the tool works and its effectiveness PARVATHI NAYAR IT is said that ideas are like children, in that we like our own the best. That inYEN MENG JIIN - 1,496 words
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Page 32 Advertisements
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Advertisement13 2006-07-07 32 IHB BOOKS' HBI/tI o ran e treats Vyflu for ladies HHH PG 2913 words
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