The Business Times, 26 July 2006
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2006-07-26
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The Business Times
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Title Section15 2006-07-26 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Wednesday, July 26,200615 words
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Article939 2006-07-26 1 ARTHUR SIM - Some see it as inevitable part of larger scheme to revamp retail sector to attract shoppers By ARTHUR SIM [SINGAPORE] Landlords want high rent. Tenants want low rent. But amid the changes induced by real estate investment trusts (Reit) and changing shopping trends, there seems939 words
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Article136 2006-07-26 1 STI 2,407.56 (+32.52) ST INDEX FUTURES 2,407.00 (+32.00) SIMSCI 285.39 (+3.78) SIMSCI FUTURES 286.30 (+4.30) MARKETS Tuesday Change KISECOMP 928.05 +5.71 NIKKEI 225 J 5,005.24 +210.74 HANG SENG 16.583.86 +103.27 SET INDEX 688.35 +4.59 JAKARTA COMP 1.307.78 +4.63 MANILA COMP 2,267.67 +26.42 SEOUL COMP 1,279.77 +16.42 SHENZHEN 8136 words
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834 2006-07-26 1 MICHELLE QUAH - By MICHELLE QUAH [SINGAPORE] Singapore companies are beginning to move away from stock options as a means of rewarding their chief executive officers and executive directors. But many are still not replacing them with enough long-term incentives for performance, according834 words
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Page 1 Advertisements
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Advertisement11 2006-07-26 1 HOCK LOCK SIEW GEH delisting: Listing Manual shouldn't apply PAGE 411 words
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Advertisement204 2006-07-26 1 COMPANY RESULTS Can DBS sustain its strong Q1 performance? PAGE 2 ■msm H What is chruottitry? rnniiit>iii y"PPffP^^ ni niiiiri BHHHH <ln the fiel<rsf^MßiaMß^W^te^K^c' s o of a chronometer hope to rival quartz, ye^Kj^^PMM|Kll^iflw a^n < lfl topological uytibtleties, in |9he historical wall of horakxitofil science. Frent ..itch makers, when204 words
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Advertisement6 2006-07-26 1 MOTORING parallel import PAGE 15 86 words
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TOP STORIES
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Article, Illustration640 2006-07-26 2 PAULINE NG - He recalls being told only of Tajudin's interest in the airline's shares By PAULINE NG in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad has distanced himself from the privatisation in the mid-90s of Malaysia Airlines (MAS) to Tajudin Ramli, denying he had* forcedAP - 640 words
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Article, Illustration538 2006-07-26 2 CONRAD RAJ - Bottoms up with gula melaka, lemon grass... By CONRAD RAJ [SINGAPORE] Gula melaka in your chendol, lemon grass in your tomyam soup. That is de rigueur. But in your beer? Well, an old brewery name has been revived to produce a range of boutique beers with "Asian characteristics" to quenchFILE PHOTO - 538 words
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482 2006-07-26 2 LESLIE YEE - By LESLIE YEE [SINGAPORE] DBS Group will kick off the reporting season for the half-year earnings of the local banking trio this Friday. And investors' attention will be focused on whether the bank can sustain its strong performance of the first quarter.482 words
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Article410 2006-07-26 2 Jurong Int'l to bank on Middle East for growth JURONG International is eyeing the Middle East as a key growth area as the region's oil-rich economies sprout numerous infrastructure projects. It expects consulting services revenue from the Middle East to rise 20-25 per cent for the year to410 words
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Article32 2006-07-26 2 IN yesterday's report, "Hedging helps World of Sport save US$l m over 2 years", the name of the company should have been World Sport Group. We are sorry for the error.32 words
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Article, Illustration552 2006-07-26 3 CHEN HUIFEN - The region now accounts for 15% of its overseas revenue By CHEN HUIFEN [SINGAPORE] Jurong International is eyeing the Middle East as a key growth area as the region's oil-rich economies sprout numerous infrastructure projects. The JTC Corp subsidiary expects to grow its552 words
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847 2006-07-26 3 ARTHUR SIM - By ARTHUR SIM [SINGAPORE] A common gripe among retailers here is that even though they may own their businesses, they are really working for their landlords. Rents do represent a significant portion of a business's operational costs, and recently these have847 words
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Page 2 Advertisements
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Advertisement71 2006-07-26 2 Relocate to CANADA A land of abundant opportunities. Enjoy quality lifestyle and better healthcare and welfare. INVESTOR FAST TRACK INTERVIEW IN CANADA IN 90 DAYS Meet us for a Free Assessment Consultation (All consultations will be treated in strictest confidence) Call or email for appointment Tel 6738 8927 email: hoppe-fdr@rogers.com71 words
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Advertisement18 2006-07-26 2 people Roaming Asia-Pacific. Www thepeopieatvvorK.com Asia-Pacific Executive Search Brought to you by the Action Community for Entreprcneurship Snfrtfifilt/llftLp18 words
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Advertisement20 2006-07-26 2 Inviting tenders? Call 1800 289 8822 or email notices@sph.eom.sg to book your tender notice in our newspapers now. r NOTICES20 words
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Page 3 Advertisements
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Advertisement146 2006-07-26 3 iiiiiiMiiififflif^^^i^Wifiil ii'lf i' n fci JflM Space. Made exciting by performance. The new R-Class is here. ..'•I ►In the R-Class, space comes with performance like with DIRECT CONTROL creates smoother gear shifts and open spaces -up to 2,385 litres and the flexibility of fjT\ never before. A thrilling V 6146 words
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COMPANY NEWS
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710 2006-07-26 4 R SIVANITHY - GEH delisting —Listing Manual shouldn't apply HOCK LOCK SIEW By R SIVANITHY FROM the looks of it, OCBC Bank's bid to buy all the shares in Great Eastern Holdings (GEH) that it doesn't already own and thereafter delist GEH could be a done deal even if some minorities have recently710 words
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Article, Illustration468 2006-07-26 4 Mainland fiercely opposes idea of foreign ownership [HONG KONG] The board of directors of PCCW, the territory's largest fixed-line telephone operator, will reject two different offers by foreign investors worth as much as HK$6O billion (5512.21 billion) for the company's telecommunications and media assets,AP - 468 words
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Article, Illustration473 2006-07-26 4 WONG WEI KONG - By WONG WEI KONG IF all goes well, MAE Engineering could be the first local company to build a biodiesel plant here in Singapore. The Sesdaq-listed company is in exploratory talks with the Economic Development Board (EDB) on building the plant, whichFILE PHOTO - 473 words
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506 2006-07-26 4 Reuters KEPPEL Corp, which is building around 40 per cent of the world's new offshore rigs, should post a 9 per cent rise in quarterly profit thanks to a boom in demand for rigs and vessels for oil exploration. Keppel's yards areReuters - 506 words
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250 2006-07-26 4 SWATI CHAUDHARY - By SWATI CHAUDHARY COME October, trading of all Singapore Exchange Euroyen (Tibor and Libor) futures and options will be held entirely on SGX Quest. As a result, the open outcry trading facility at SGX Centre will be closed on Sept 29, at the250 words
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675 2006-07-26 6 OH BOON PING - 33% y-o-y rise seen in Keppel Corp net; SembCorp net seen up 36% q-on-q By OH BOON PING INDUSTRIAL stocks such as Keppel Corp and China Merchants are expected to turn in stronger financial results in the current reporting season, says DBS Vickers675 words
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Article, Illustration481 2006-07-26 6 MATTHEW PHAN - Higher sales, Thai unit's contribution boost figures By MATTHEW PHAN UNITED Test and Assembly Center (Utac), which provides testing services for a range of semiconductor devices, more than doubled its second-quarter net profit to US$l5.5 million, due to higher sales as wellFILE PHOTO - 481 words
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379 2006-07-26 6 DONALD URQUHART - By DONALD URQUHART MAINBOARD-LISTED ship owner and manager Singapore Shipping Corporation (SSC) saw its first-quarter net profit plummet 93 per cent to $3.1 million from $45.7 million in the same period last year. The precipitous drop in profit was due in379 words
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Article, Illustration192 2006-07-26 6 CHEW XIANG - By CHEW XIANG PUBLISHING group Sun Business Network (SBN) has proposed a dividend in specie, distributing six shares in Sun New Media Inc (SNMD) for every one thousand shares held in SBN. "SNBD is a listed company on the Nasdaq OTC Bulletin Board," said SBN,192 words
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447 2006-07-26 7 JEAN CHUA - Jump due largely to contribution from 6 new malls it bought last year By JEAN CHUA FORTUNE Real Estate Investment Trust has reported a 68.3 per cent rise in distributable income for the second quarter of the year, thanks to contributions from six new447 words
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119 2006-07-26 7 Reuters CAMBRIDGE Industrial Trust, which raised $140 million from its initial public offering (IPO) price, ended its debut trading yesterday at its issue price of 68 cents. It traded between 67.5 and 70 cents. The trust, which invests in properties used for industrial andReuters - 119 words
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325 2006-07-26 7 SIOW LI SEN - By SIOW LI SEN KEPPEL Telecommunication Transportation yesterday posted flat net profits of $8.9 million for the second quarter of 2006, with the main contributor being associate Mobile One. Share of results of associated companies rose 20 per cent to $11 million.325 words
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Article311 2006-07-26 7 CONRAD TAN - By CONRAD TAN ANOTHER former executive of the troubled Accord Customer Care Solutions (ACCS) group has been charged in court, for her alleged role in a massive fraud scandal that has seen three former bosses of the company jailed. Kuan Chow King, the group's ex-financial controller,311 words
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229 2006-07-26 7 MATTHEW PHAN - By MATTHEW PHAN 810-TREAT Technology has strengthened its recurring revenue stream with two new transfer-operate-transfer projects in China, requiring an initial investment of 376 million yuan (5574.7 million). The projects are in Wuhan City in Hubei province and Kunshan City in Jiangsu province. The Wuhan229 words
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COMPANY BRIEFS
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Article41 2006-07-26 7 TWO directors of Singapore Airport Terminal Services (SATS), Hong Hai and Richard Charles Heifer, have retired. Dr Hong Hai is dean of the business school at Nanyang Technological University while Dr Heifer was formerly Raffles Holdings CEO.41 words
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41 2006-07-26 7 BERGER International said it is writing back $1.3 million in respect of prior period taxes. It had earlier made a provision of $900,000 for two issues raised by the Inland Revenue Authority of Singapore.41 words
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48 2006-07-26 7 FRASERS Centrepoint has clinched a condo site near Novena MRT Station with a top bid of $238 million. The price for the site translates to about $506 psf, based on a maximum gross floor area of nearly 470,000 sq ft48 words
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57 2006-07-26 7 A UNIT of BBR Holdings (S) Ltd has agreed to buy a 1,443 sq m freehold site in St Martin's Drive for $17.4 million. The site will be developed into a four-storey block of 12 residential units and is expected to57 words
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Page 4 Advertisements
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Advertisement70 2006-07-26 4 Brand New Ambience. Pj improved Menu. F-j Great Prices. with the infusion of modern aesthetics, fc into a Zen alcove for intimate dining. Our f# y ""li* dining areas, with complete privacy, are lif 1 perfect for all occasions and gatherings. 4 Private Rooms ■A La Carte Hall Function Hall70 words
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Page 5 Advertisements
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Advertisement292 2006-07-26 5 Delivering Value Across the World I The new premises house eSys Global Headquarters and Integrated Technology PC Business Business Process Snapshots Distribution PC Manufacturing &IT Services 3 Incorporated in Singapore in 2000, eSys is a SG $3 billion multinational eSys Branded PC Whit BOX mon 9 t ie astest 9292 words
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Page 6 Advertisements
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Advertisement601 2006-07-26 6 Mj.MJIT&T I Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2006 I The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results H of the Group for the second quarter and half601 words
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Page 7 Advertisements
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Advertisement430 2006-07-26 7 Imagine being cash rich but time deprived. What better place to call home than a luxury five-star hotel with 24-hour concierge, valet parking, housekeeping, room service and a Spa to drop by for a massage after a hard day's work, shopping or golf. These are just a few of the430 words
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SINGAPORE MARKETS
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Article, Illustration899 2006-07-26 8 LARRY WEE - CURRENCIES But Q2 GDP and US jobs stats for July might mean a trickier ride LARRY WEE Senior Correspondent THE main focus of financial markets moved a little bit away from currencies over the past week as stock markets around899 words
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Article, Illustration1021 2006-07-26 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Jul 25 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy Shares Per Before After Stock Date Director Sell '000 Shr ('000) 000) Asia Pac Brew 25-Jul-06 F&N Ltd Buy 1169 na ***** 5.01 ***** 5.46 Advanced SCT 25-Jul-06 Seah1,021 words
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Article281 2006-07-26 8 MATTHEW PHAN - Compiled by MATTHEW PHAN Singapore Post July 25 dose: $1.05 JPMORGAN EQUITY RESEARCH, July 24 WE BELIEVE that Sing Post's ability to grow its core mail and logistics business through best-in-class execution, its pursuit of finding other growth opportunities leveraging on its retail and distribution network, and its281 words
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Article, Illustration426 2006-07-26 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent A FIRM Monday Wall Street brought some relief to the local stock market yesterday, but China stocks came under some pressure in a cautious session that saw most of the gains concentrated in the large blue chips and426 words
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Article, Illustration231 2006-07-26 8 YEO KEE YAN - CHART POINT By YEO KEE YAN, chartist at Kelive Research THE retreat in oil prices, coupled with renewed hopes of monetary easing, drove the benchmark Straits Times Index above 2,380 to an intra-day high of 2,407 as of231 words
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SINGAPORE NEWS
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Article, Illustration490 2006-07-26 9 ARTHUR SIM - ASIAN CASINOS EXECUTIVE SUMMIT Real estate prices near Marina Bay Sands rise from $900 to $1,080 psf By ARTHUR SIM CASINOS may bring in gaming revenues but the property market could be the biggest winner. According to Peter Barge, CEO of Jones Lang490 words
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Article, Illustration422 2006-07-26 9 CRYSTAL NEO - By CRYSTAL NEO FRANCHISORS now have the opportunity to gain international recognition and Singapore has been chosen to host this inaugural international award. Nominations for the world's best franchisors to vie for the International Franchisor of the Year title open today. Each422 words
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424 2006-07-26 9 DANIEL BUENAS - By DANIEL BUENAS THE building of Singapore's integrated resorts (IRs) will help put the country "on the brink" of becoming a flourishing meetings, incentives, conventions and exhibitions (MICE) destination. And Singapore's unique infrastructure and connectivity will give it a regional edge in this market424 words
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421 2006-07-26 9 OH BOON PING - By OH BOON PING TWO Singapore companies have made headway into the real estate and food and beverage (F&B) sectors in Japan through partnerships forged with Japanese counterparts. Frasers Serviced Residences, the hospitality arm of listed firm Fraser and Neave Ltd,421 words
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372 2006-07-26 9 LESLIE YEE - By LESLIE YEE CITIGROUP'S Asian business is a "balanced one" and "a jewel in the crown franchise" for the global banking giant, said Ashok Vaswani, chief executive officer, Citigroup global consumer group, Asia Pacific. Going forward, much will be expected of372 words
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SINGAPORE ROUNDUP
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38 2006-07-26 9 Ml has partnered the Singapore Police Force in launching an SMS Crime Alert service. Ml customers who register will get SMSes on criminal cases and crime prevention tips.38 words
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55 2006-07-26 9 AT the launch of the Speak Good English Movement 2006, Minister of State for Education, Lui Tuck Yew announced new initiatives to promote Standard English usage. These include greater emphasis on teachers' training by the Ministry of Education and the delivery of The55 words
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542 2006-07-26 9 RONNIE LIM - It pumps in US$50m to add 240.000cu m storage space By RONNIE LIM TO MEET increased demand for oil storage by its partners and customers, Horizon Terminal which counts Middle East heavyweights like Emirates National Oil Company (ENOC) among its backers is investing an additional US$5O542 words
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195 2006-07-26 9 THE Immigration Checkpoints Authority (ICA) will introduce the Singapore Biometric Passport on Aug 15, replacing the current non-biometric Singapore Passport. In view of the Bio Pass launch, the Ministry of Defence will remove limits on passport validity for NS-liable males but will195 words
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ECONOMY WATCH
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Article, Illustration1582 2006-07-26 10 FAILURE OF DOHA TRADE TALKS EU, US lay blame on unbridgeable differences over farm aid AP [GENEVA] Negotiations aimed at reaching a new global trade agreement collapsed here on Monday, touching off a bitter new round of recriminations between the United StatesAP - 1,582 words
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605 2006-07-26 10 Reuters [LONDON] The collapse of the Doha round of trade talks on Monday is just one more pressure point on financial markets already bruised by interest rate uncertainty, fear of economic retrenchment and escalating geopolitical tension. It robs investors who believe in the wealthReuters - 605 words
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618 2006-07-26 10 Geneva setback will lead to more bilateral FTAs with overlapping rules: analysts AFP [TOKYO] The breakdown of the World Trade Organisation (WTO) talks has dealt a blow to the trade prospects of Asia's open economies and is likely to encourage a growing "noodle bowl"AFP - 618 words
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Page 10 Advertisements
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Advertisement180 2006-07-26 10 Organised by Supply-Chain Council, South East Asia Chapter DETAILS PROGRAMME HIGHLIGHTS Opening address by Guest of Honour, ■E22JI Winning with Extended Supply Chains: Mr Loh Khum Yean, New Challenges Strategies, People, Chief Executive, Measurements, and Technology Spring Singapore 26 27 September 2006 ■188 900 am to 5 00 pm Some180 words
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MALAYSIA/INDONESIA
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512 2006-07-26 11 Cautious spenders, rising illegal market lower growth forecast to 3-6.7% [KUALA LUMPUR] Malaysia's legal number-betting industry, which rang up sales of about RM7 billion (Ss3 billion) in 2005, is expected to grow at a slower pace this year, amid a rising illegal market512 words
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Article, Illustration648 2006-07-26 11 [JOHOß BARU] Danga Bay Sdn Bhd (DBSB) expects real estate prices in Malaysia's premier integrated waterfront city project Danga Bay to rise significantly in the next few years. This will be buoyed by the RMI2 billion (Sss.l billion) allocation to support development inFILE PHOTO - 648 words
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246 2006-07-26 11 Bloomberg [JAKARTA] PT Bank Niaga, an Indonesian bank controlled by Malaysia's second-largest lender, Bumiputra-Commerce Holdings Bhd, said consolidated net income in the first half rose 15 per cent on higher demand for loans. Net income in the six months to June 30Bloomberg - 246 words
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272 2006-07-26 11 Bloomberg [JAKARTA] PT Bank Danamon, Indonesia's fifth-largest lender by assets which is controlled by a consortium led by Singapore investment company Temasek Holdings, said first-half profit fell by more than half after higher borrowing costs curbed demand for loans. The companyBloomberg - 272 words
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225 2006-07-26 11 Bloomberg [JAKARTA] PT Pertamina, Indonesia's state oil and gas company, plans to spend as much US$2.5 billion doubling its natural gas output and raising oil production 43 per cent by 2014, said Sukusen Soemarinda, its director of upstream projects. The company wants to produceBloomberg - 225 words
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173 2006-07-26 11 AFP [JAKARTA] The Indonesian capital and its densely-pop-ulated surrounds endured a second day of rotational power cuts yesterday as industrial users had sapped limited supplies, an official said. The outages, which caused minor disruptions on Monday, led to a top official from theAFP - 173 words
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Article2281 2006-07-26 11 VOL General Coip .0.60 unch 194 Mil 25 W- rOOO) Gentmg 24.70 0.70 1901 George Kent .0.49 0.01 234 A&MRealty 1.47 undi 0 GHl Systems 072 0.01 1864 Abric .033 unch 106 GlobetrontcsTech .0.30 0.01 650 ACPkvfcstries .0.90 unch SI GlomacBhd 1 JO -0.01 S3 Advance Synergy .0.192,281 words
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GREATER CHINA
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Article, Illustration637 2006-07-26 12 State planner urges investment curbs to put brakes on runaway economy Bloomberg [BEIJING] China's government may strengthen measures to rein in the economy's growth if the pace doesn't start to slow, the spokesman of the nation's top economic planning agency told reporters in Beijing yesterday. "WeBloomberg; REUTERS - 637 words
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Article202 2006-07-26 12 Reuters [BEIJING] China should be more selective in attracting foreign investment and restrict acquisitions that may undermine economic security, a commerce official said in remarks published yesterday. Foreign investment does not yet pose a threat to the economy, but the government should make sure thatReuters - 202 words
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351 2006-07-26 12 Bloomberg [BEIJING] China should increasingly diversify its foreign exchange reserves to reduce the risk of losses from declines in the American dollar, the country's National Bureau of Statistics said. It should also encourage Chinese companies to invest abroad to curb expectations of a strongerBloomberg - 351 words
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280 2006-07-26 12 Bloomberg [SHANGHAI] Shares of Chinese developers including Shanghai Forte Land Co and China Vanke Co fell yesterday after the government announced rules to restrict foreign investment in the country's property market. China will restrict foreigners from buying luxury villas, office buildingsBloomberg - 280 words
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Page 12 Advertisements
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Advertisement450 2006-07-26 12 ggjtJtffirft D£JJ NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of Fortune Real Estate Investment Trust ("Fortune REIT") will be closed on 3 August 2006 at 5.00 p.m. for the purposes of determining unitholders' entitlements to the Fortune REIT's distribution of 17.53 Hong Kong cents per450 words
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Advertisement885 2006-07-26 12 >AT^ NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF OPSION PRODUCT DEVELOPMENT PTE LTD (Co. Reg. No. *****2914 M) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named Company, duly885 words
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INDIA
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Article, Illustration447 2006-07-26 13 But bank rate left unchanged at 6%, indicating inflation seen manageable AP Bloomberg [MUMßAl] India's central bank raised two short-term interest rates yesterday by a quarter-point each, but left a key rate unchanged in a bid to sustain the growing economy's momentum. UnveilingAP; Bloomberg; REUTERS - 447 words
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388 2006-07-26 13 Economic Times [MUMBAI] At least five major Asian plantation and edible oil companies have emerged as front-runners to buy out Pan Century, the Malaysia-based Aditya Birla (AB) group major which is being sold, people familiar with the matter said. Two of the companies,Economic Times - 388 words
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355 2006-07-26 13 Economic Times [BANGALORE] India's real estate industry made impressive strides in becoming a more transparent sector over the last two years. India, along with other countries like Brazil and Japan, reported significant improvements on a few standardised parameters to move upEconomic Times - 355 words
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Page 13 Advertisements
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Advertisement3559 2006-07-26 13 SUNGARD® VOLUNTARY CONDITIONAL CASH OFFER by Morgan Stanley MORGAN STANLEY DEAN WITTER ASIA (SINGAPORE) PTE (Incorporated in Singapore) (Registration No. *****6298Z) for and on behalf of SUNGARD ASIA PACIFIC INC (Incorporated in the State of Delaware, USA) to acquire all the leaued ordinary aharea In the capital of SYSTEM ACCESS3,559 words
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ASIA-PACIFIC/WORLD
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Article, Illustration529 2006-07-26 14 PAULINE NG - Ministers plan to achieve a strong community by 2015 instead of 2020 By PAULINE NG in Kuala Lumpur ASEAN ministers are looking at ways to accelerate regional integration and to bring about a strong community by 2015 instead of 2020. Yesterday, a visa exemption agreementREUTERS - 529 words
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359 2006-07-26 14 AP [KUALA LUMPUR] The Association of Southeast Asian Nations (Asean) has suspended free trade talks with India because of New Delhi's reluctance to open its markets, Malaysia's trade and industry minister said yesterday. "They (the talks) have become difficult," Rafidah Aziz told reporters, saying IndiaAP - 359 words
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622 2006-07-26 14 Reuters, Bloomberg [LONDON] Crude oil rose above US$75 a barrel in New York on speculation that Israel won't agree to a cease-fire before Hezbollah is disarmed, bolstering concern that the conflict will spread in the Middle East, source of about aReuters,; Bloomberg - 622 words
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Article, Illustration641 2006-07-26 14 Reuters [LONDON] BP pic chief executive John Browne said he wifl step down as planned in 2008, ending speculation about his future. The oil major beat forecasts with a 23 per cent rise in second-quarter profit. Newspapers had reported a feud at theReuters; AFP - 641 words
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557 2006-07-26 14 OUR CORRESPONDENT - By OUR CORRESPONDENT in Bangkok THAILAND'S Criminal Court yesterday sentenced three election commissioners to four years' jail, clearing the way for free and fair election slated to be held in October this year. The commissioners were jailed for allowing unqualified candidates to557 words
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292 2006-07-26 14 AP [NEW YORK] American consumers shrugged off higher gasoline prices in July and grew a bit more optimistic about the economy, a private research group said yesterday. The optimism may be short-lived, however, as shoppers face a slew of concerns, including risingAP - 292 words
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MOTORING
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Article, Illustration601 2006-07-26 15 SAMUEL EE - Reports by SAMUEL EE SALES of Singapore's most popular grey import model are driving it straight up the charts, with first-half 2006 registrations of the Toyota Wish already eclipsing the number for the whole of 2005. The Wish is a compact601 words
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258 2006-07-26 15 PARALLEL importers are headed for a record year in 2006 as the number of cars not sold by members of the Motor Traders Association of Singapore (MTA) looks set to hit an all-time high. Last year, a total of 6,282 grey imports258 words
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Page 15 Advertisements
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Advertisement125 2006-07-26 15 Diners Club Card *****980 A World of Exclusive Privileges Treats Diners Club ■raElhW mi wwie.diners.com.sg International HWilnotion favourites and get one choice Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. notices I ..-v Via Veneto125 words
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Advertisement129 2006-07-26 15 <:wnnrv Over 500 Locations [Askus about Corporate, Individual or Group Instruction. I Calßerllz today 6733-7472 or vteft I 501 Orchard Fk)adilo&^X3/04Whook)ckPlaceSn^porB^^S0^ I*HTo«n Lianhe Zaobao a Shanxi's I property market I far I from I heating I Up says its I 1 governor I Uj lllßMttP I w&mmmmm* I The Chinese129 words
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AVIATION
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Article, Illustration468 2006-07-26 16 Their total costs surge 18% in the period on rising fuel costs Bloomberg [BEIJING] China Southern Airlines Co, Air China Ltd and other carriers in the world's second-largest aviation market widened their combined losses in the second quarter because of rising fuelBloomberg; AFP - 468 words
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Article2190 2006-07-26 16 RJGHT ETA FUGHT FTP 0630 S2082 0910 AbaPhabi S0456 1300 £581 1625 Adalaide LH9771 1750 LH9770 2345 ?cifi 5&05 S0408 1855 SQ230 1750 SQ229 2345 DeflpJW sq 141 1145 0935 SQ443 0825 SOK3 1535 SQ146 1640 Amsterdam *****1 0630 AZ3993 2255 GA840 1640 GA841 1755 SQ3232,190 words
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Article, Illustration428 2006-07-26 16 Reuters [FRANKFURT] European Aeronautic Defence and Space Co (EADS) is expected to post a 7 per cent rise in first-half operating profit and say revenues at its Airbus unit rose almost a fifth, a Reuters poll of 12 analysts showed. Group earnings beforeReuters; BLOOMBERG - 428 words
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360 2006-07-26 16 Reuters [FRANKFURT] German staff representatives at Airbus criticised work procedures relating to the building of the delayed A3BO supeijumbo, whose problems have damaged the European plane maker's reputation, a German paper reported. Airbus needs 700 more engineers in Germany, including 350 in Hamburg whereReuters - 360 words
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298 2006-07-26 16 AP [WASHINGTON] The Department of Homeland Security must take steps to curtail the repeated interrogation of people at international airports or border posts simply because their names resemble those of terror suspects, says a report released on Monday by the department'sAP - 298 words
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240 2006-07-26 16 Bloomberg [LONDON] Brussels Airport said second quarter profit rose 13 per cent after landing fees levied on airlines using Belgium's largest airport rose and passengers spent more in the terminal. Earnings before interest, tax, depreciation and amortisation rose to 49.2 millionBloomberg - 240 words
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Page 16 Miscellaneous
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Miscellaneous175 2006-07-26 16 CRYPTIC CROSSWORD ne(7l m (81 YESTERDAY'S SOLUTION WV u, u L U 13 Most saucy, strangely saucier Across: 1 Masterbaker, 10 Ice, 11 rirink th l n remo T 9 art de (10) Positions, 12 Indiction, 13 Rumba, 2 ZSablinaree,® 5 P t,C an CUt Vo "J-* 3MP inside or175 words
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SHIPPING
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Article, Illustration534 2006-07-26 17 The Mitsui OSK ship was carrying 5,000 cars from Japan to Canada AP [ANCHORAGE, Alaska] The US Coast. Guard late on Monday rescued 23 crew members from a Singa-pore-flagged ship with a cargo of 5,000 cars, listing in choppy waters south of theAP - 534 words
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141 2006-07-26 17 Bloomberg [LONDON] A 20,000 metric-tonne oil tanker sank off Iraq's Persian Gulf Coast after hitting a wreck, two port agents said. The BSC2 sank on Monday at 10 pm local time near the port of Khor A 1 Zubair, Gulf AgencyBloomberg - 141 words
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Article764 2006-07-26 17 DAVID HUGHES - STRAIT TALK By DAVID HUGHES BACK in the mid-70s, as an undergraduate, I did a dissertation on the problems encountered in putting together a global regime controlling the use of the seas. At that time it was by no means clear that the goal764 words
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Article, Illustration667 2006-07-26 17 DONALD URQUHART - Bangladesh and Gulf of Aden/Red Sea report rise in incidents By DONALD URQUHART [SINGAPORE] Global pirate attacks on ships in the first half of 2006 were unchanged from the same period last year at 127 incidents as the International Maritime Bureau (1MB) warned thatSource: IMB - 667 words
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379 2006-07-26 17 Bloomberg [LONDON] The cost of shipping crude oil from the Middle East to Asia on two-mil-lion-barrel tankers may advance to a five-month high because of limited vessel supply. "The market is gradually coming up" because of bookings for August, said MathieuBloomberg - 379 words
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Article279 2006-07-26 17 S6X Hi SKS M2S SS *4- Vol CHOftshore .0.35 unch 25 Chuan Hup .0.33 unch 722 Cosa> Corporation 1.50 0.05 ***** CWT Distribution .0.63 -0.01 59 EzraHldgs 2.32 -0.07 489 Freight Links 0.06 unch 336 Grand Banks Yacht.._ 0.92 -0.01 12 Java Holdings 1.36 0.03 1207 K1 Venture279 words
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Advertisement100 2006-07-26 17 TUVALU SHIP REGISTRY j QUALITY SJERV-ICE FLAG 1. Low taxes 5. Worldwide network of surveyors 2. Agreements with LACS members 6. No restriction on nationality of ownership J!?--* nC# f 7. Tuvalu is a party to STCW 1987 convention statutory certificates a# ament j #c t an d is a100 words
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EDITORIAL & OPINION
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Article545 2006-07-26 18 EDITORIAL "THERE are no winners in this assembly, only losers," said a downcast WTO director-general Pascal Lamy after the collapse on Monday of the world trade talks in Geneva between six major trading countries. Mr Lamy's rueful observation is unfortunately accurate. The failure of the Geneva545 words
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Article, Illustration934 2006-07-26 18 LEON HADAR - No one had expected that a US president would launch a revolutionary process to democratise the region, not unlike Napoleon who attempted to spread liberty in Europe LEON HADAR Washington Correspondent IF YOU'VE been watching the television images from Lebanon, Israel and Palestine and haveAP - 934 words
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Article, Illustration784 2006-07-26 18 FRANK CHING - THE BOTTOM LINE FRANK CHING STRANGE as it may seem, there was an unofficial American group in Pyongyang on July 5, when North Korea conducted a series of missile tests. Stranger still is that a key North Korean official spoke to784 words
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Article, Illustration1597 2006-07-26 19 MARK MAGNIER - Taiwanese officials say they're trying to ease cross-strait immigration and investment restrictions gradually By MARK MAGNIER LAT-WP THEY'RE crossing the strait to hawk fried chicken, market mobile phones and raise tasty Taiwanese pigs. And they're making Taiwanese wonder whether the economic walls distancing theirLAT-WP; AFP - 1,597 words
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Article781 2006-07-26 19 STELLA DAWSON - Economists fear liquidity boom is feeding a new asset-price bubble in real estate and it could even end in a global recession By STELLA DAWSON Reuters CALL it the weapon of financial destruction. There is so much cheap financing sloshing around the global economy, despite simultaneousReuters - 781 words
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Article11374 2006-07-26 20 SGX XTRANET 52-Wk Tel Last Vol Day List Quote GrOiv Mr GrYW Net MCap High Low Code Company Sal* fOOO) High Low tuyar Sa«ar Cvr P<t SnJl ********** 6065 Diamonds US*****»d 6095 IS OJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS4P500 US8270 6170 SPDRS US*****11,374 words
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Advertisement35 2006-07-26 20 Trade from 20% deposit (5 x leverage) cm most stocks Go long or short Competitive financing rotes in ail markets Access to Asian, US, Euro stocks Select Exchange TVaded Funds and Indices Competitive Commission charges35 words
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Article6447 2006-07-26 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES Ml ran Mil Ml IHt X *d» X f \fi Ch«H» Ctxw p»n9« Ch^fl. 9711 »1 PJ M 1? H 11 i tvi an n 04 id qb oi if rfwjrj >W09 H 2S 16 *9 14 «0C >>« V *9« 01 196,447 words
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Advertisement1775 2006-07-26 22 SERVICE I Destination Destination I AFRICAN UON RDM/ATW/BMN/TLB/NAN SEAFRIEND CAM/NFK/SAV/NOL i EVGENIA RDM/ATW/BMN/TLB/NAN J Loads Singapore, E./W. Malaysia, Indonesia Loads E/w Ma aysia Indonesia J MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE I Destination I ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KV/T Destination I PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT WIN HONEY INC/BSN I Loads Singapore, E./W. Malaysia, Indonesia Loads1,775 words
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Advertisement728 2006-07-26 22 [INTIRASU RQRO SERVICE VKSa/VOY RAMPQtT) HBGHT(M) PKG KOI LO I SM JKT STRAITS VENTURE 13/04 15 3.2 20/07 23/07 27/07 30/07 01/08 STRAITS VENTURE 14/04 15 3.2 04/08 04/08 10/08 1 3/08 15/08 [STRAITS VENTURE 15/04 15 3.2 17/08 20/08 24/08 29/08 31/08 [AUSTRALIAN »o*o SERVICE VBSa/VOT RAMPQCT) HBGHT(M) L728 words
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Advertisement1053 2006-07-26 23 WAN HAI MIMNATIONAL FII LID OBiitWM/i —A 18:*****5*8 (141 MB) 181 *****141 yR\WAN HAI LINES W— naafinunjiM vmtarn «n n*Mnmi mi o*r>4 dkm •.■ronaiaßnatimua«B»at no* aapnnmiß*B»in'Bm.«ma» Eft■'. 1 sTa |SrIBSHE--**--ft-ft- t l.an a* aa bb na >*a taira i« na na na hb hb Im«7ii vi n* na iva <va1,053 words
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Advertisement992 2006-07-26 23 rjn EASTERN CAR LINER, LTD ULiJ smiAuzfiM *o*o huvy urr urro 4so rom'] ■nu Avumvw 1a rw T nun m/vnl f*|«i]ia'*»jw|ioijm ISSwSB nT 1)1 I)%i I%V K*> I 1 f lIW 1 rare -—m —ir~u *v \%v U111" um.- ,ui m u a T »VW 1 I ■fr. "0» *J992 words
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Advertisement687 2006-07-26 23 \w ax Aw I WEEKLY EXPRESS SAJLIWC SCHEDULE /mo icanm TO oil no* T HIM AMO WISTEMI ICO POINTS mm rot tai mums touauola h«va (aOMO ■emm w *catm wimhmmiaii|fly^ MWlUnwj MMM *vm *n <m w. ***mu —«i —»ra —'war jrsr lrsr w»wi iw nk nnr-iriir'Mis rg~ —«mmw nw h*687 words
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Advertisement776 2006-07-26 24 I ,a m uj Tal: 65-*****907 Fox: *****917 Nordana (Asia) Pte Ltd 70 Shwiton Way, #21-03 Marina House Singapore *****8 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES AXE ARRIVAL DATES VESSEL VOY Singapore Pompier I Frewitle I Co<os Iriotd I Christmas Iskmd Porir Oedoitq 1776 words
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Advertisement672 2006-07-26 24 9m fe— aw =^==m —il- an ~~s?! =i%==s?s= muiM i Tim I Hit! I II't; I mwu I mi I nail \xm l!T ig M *0 SS» IHDfPfNKHT SPIRIT DM 26/07 M/ 07 29/07 PAC HA TUNA PMO3I It/OJ 17/01 11/01 12/01 LuSIoSQ EXP 2,7 02/01 |~MY HTIHA W U?M672 words
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Advertisement477 2006-07-26 24 CONVENTIONAL SERVICE CHENNAJ, DOHA 4TH AUGUST Heavy Lift upto 60 tons MV. DAMMAM STAR ETA 22ND AUGUST DUBAI DAMMAM rj^iroßYlAvormN-RouTl I( SINCI 1970 I OWNS OPERATES THE YOUNGEST FLEET j WITH FOURTEEN 7,000 DWT TWEEN DECKERS a I COVERING THE ENTIRE ASIA PACIFIC PORTS j a REGULAR WEEKLY SERVICES: B477 words
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THE BUSINESS TIMES SHIPPING TIMES
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6902 2006-07-26 25 This ETA ETA Advertiser Vtatl Voy age Telephone ETA ETA Achrertlsaf V*"* 1 .y o »y "J SIN Dest'n Name Name Number Number SIN Dest n Name Name Number Number sin To FREMANTLE (FRE) 2130 Australia '5« To ABIDJAN (ABJ) 2003 Cote D'lvoire l4/086,902 words
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EXECUTIVE MONEY
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Article, Illustration764 2006-07-26 26 GENEVIEVE CUA - Deutsche Bank strategist talks to GENEVIEVE CUA about his main recommendations GENEVIEVE CUA DEUTSCHE Bank chief Asian strategist Marshall Gittler is telling investors to hang in there. The current down draughts are just a correction, and do not signal the764 words
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Article5995 2006-07-26 26 UNIT TRUSTS FUNDS ACMGI Amer Income BT USD 8.47/ ACMGI Amer Income A USD 8.431 ACMGI Amer Income B USD 8.43/ AIM Amro Asset Mgt (S pore) ACMGI Amef Income A EUR 6.68/ Star Europe Eqty'** 0.904/ ACMGI Amer Income B EUR 668/ Sor Euope Bond 1.72/ ACMGI Europ Income5,995 words
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Article950 2006-07-26 28 GENEVIEVE CUA - Numbers rising despite lack of regulation for such offers of investments and other downside risks, reports GENEVIEVE CUA GENEVIEVE CUA SINGAPOREANS' love affair with property is well known, and that usually refers to condominiums in cities. But now more are latching onto the profit potential950 words
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Article, Illustration1060 2006-07-26 28 ROY VARGHESE - MONEY MATTERS Retail investors should consider investing in global property funds ROY VARGHESE THREE years ago in this column, I assessed the pros and cons of emigration to Australia. The conclusion then was that Australia was a sensible choice for retirement. But for youngerBLOOMBERG; Sources: LaSale Investment Mgmt, UBS Global Property Investors Index; MSCI Gobal Equity: IP Morgan Global Bond Index - 1,060 words
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Advertisement41 2006-07-26 26 K You can now use your CPF savings to invest in AllianzGI Global Allianz m wim »n Hiqh Payout Fund. Visit our appointed distributors for more details. Global |nvestors "W4 J I I company regn no *****7169/ 4i m w 'An**'41 words
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Advertisement339 2006-07-26 27 FRANKLIN TEMPLETON YEARS IN SINGAPORE i ii 1 1 I' 1 k'wH 'f l MMHBM '2*!* rJfSHßfrfej*l iH M Mfc,' jaffisn K w P r mfc. ™HBS|£, IL m ■wmm r V Bl)#'H r: ,v^ \v i .v.r > S? JIMp? -:;I mSlMoa -1 f Bfc .TSgfet THANK YOU FOR339 words
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Advertisement154 2006-07-26 28 < Earn a better interest rate on your savings! Hoping to earn 3%* on your savings and have the flexibility to withdraw your money at any time? Flexi-Cash from NTUC Income is a better choice: SSSSo.* Low risk; your savings are invested in the money market m so \e* c^ot154 words
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Advertisement11 2006-07-26 28 It's just a correction and not a bear market pg 2611 words
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