The Business Times, 31 July 2006

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Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://husiness-times.asia 1 .com.sg MICA (P) 099/03/2006 Monday, July 31,2006
    17 words
  • Article, Illustration
    Lock icon Russians growing market for S'pore medical tourism
    915 1  -  STB joins healthcare providers in promoting S'pore to CIS states By CHEN HUIFEN [SINGAPORE] Medical centres and private hospitals here are eyeing a slice of the Russian patient pie, and some are joining hands to promote Singapore as a medical tourism spot in
    915 words
  • Article, Illustration
    Lock icon Local food companies ready to win over Japanese taste buds
    808 1  -  5 F&B firms register to showcase their dishes at Spotlight Singapore By OH BOON PING, JAMIE LEE [SINGAPORE] Local food companies are eyeing a slice of the Japanese food market and hope to penetrate the market through cultural exchanges. To
    808 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon S'pore 'needs more mid-level biomed firms'
      722 2  -  They can create a much more vibrant life sciences sector here: Rabobank By CHEN HUIFEN [SINGAPORE] Singapore's biomedical sciences industry is lacking in a sizeable pool of medium-sized, midstage firms that can help make the eco-system more vibrant, said Rabobank International head of life
      722 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      597 2 S'pore public private partnerships not sizeable WHILE the Singapore government is well managed and motivated to develop public private partnerships (PPPs), the pipeline and deal size in Singapore may prove insufficient to attract investors and contractors to the market, says Ernst Young. The case for a PPP programme
      597 words
    • Article
      Lock icon Almost $1 Om unclaimed funds lying with Supreme Court
      466 2  -  143 accounts; 2 over $3m, and 10 over $100,000 By WEE LI-EN [SINGAPORE] Accumulated unclaimed funds in the Supreme Court have risen to reach a high of some $9.76 million. Last year alone, the value of unclaimed funds in court was
      466 words
    • Article
      Lock icon MARKETS DIGEST
      166 2 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account log on to http: //business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS W««k Chge STI .2429.44 +58.07 KLSE COMP 934.72 —+10.00 NIKKEI 225 *****.87 ....+521.61 HANG SENG
      166 words
    • Article, Illustration
      Lock icon Uniquely Singapore beats expectations
      397 3  -  CLIPPER YACHT RACE By VINCENT WEE in Liverpool A MID-fleet finish for the Uniquely Singapore Clipper was probably more than we would have ever dreamed of when we started the race here last September. Now after 10 months of racing across the seas of the world,
      PETE DADOS  -  397 words
    • Article
      Lock icon S'pore's public private partnership deals not sizeable
      392 3  -  Australia the standard bearer for public private partnerships: E&Y By LESLIE YEE [SINGAPORE] While the Singapore government is well managed and motivated to develop public private partnerships (PPPs), the pipeline and deal size in Singapore may prove insufficient to attract investors and contractors
      392 words
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      162 2 ill LOBSTER MANIA From 15 July to 15 August, our team of Chefs at The Dining Room will present you an array of delightful ways to enjoy lobster, the premier crustacean. Take your pick from the appetizer of Lobster Salad with Salmon Roe and Mary Rose Sauce, to the main
      162 words
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      7 2 people Corporate matchmakers. www.thepeopleatwork.com Asia-Pacific Executive Search
      7 words
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      273 3 Q: Why do I need wealth management? yl; Allow me to start by asking if your wealth legacy is built to last successive generations? Ifnot y you need wealth management to ensure that future generations will inherit your legacy. Q: How will wealth management help me? A: At the outset
      273 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Market ripe for bottomfishing: Credit Suisse
      623 4  -  It picks Hong Leong Asia, MMI, China Sky, Tat Hong, Utac, Datacraft Asia By MATTHEW PHAN THE Singapore small-cap universe has underperformed the market by 6 per cent in the past two months, and with the selldown some stocks are now offering compelling valuations,
      FILE PHOTO  -  623 words
    • Article
      Lock icon Exciting prospects for dynamic SSH Corp
      794 4  -  HOCK LOCK SIEW By CONRAD TAN IT ISN'T often that the chief executive of a company describes a 30 per cent growth in its bottom line as "very minimal" and "just a modest increase". It is even more unusual for a new CEO to
      794 words
    • Article
      Lock icon Analysts upgrade Keppel Corp
      399 5  -  Market watchers bullish on its stock after it posted record Q2 earnings By OH BOON PING AFTER Keppel Corp posted record second-quarter earnings last Thursday, most analysts upgraded the stock, with Citigroup setting a price target of $19.66. Likewise, DBS Vickers Securities carried a "buy" rating
      399 words
    • Article
      Lock icon SIA expected to post little-changed Q1 profit: analysts
      496 5 Bloomberg SINGAPORE Airlines Ltd (SIA), the world's second-largest carrier by market value, may say first-quarter profit was little changed, as higher fuel costs eroded gains from increased travel demand and the sale of aircraft. The airline may report a net income of
      Bloomberg  -  496 words
    • Article
      Lock icon SembMarine seen to post 56% jump in Q2 profit
      572 5 Analysts expect net profit of about $54.05 m Reuters SEMBCORP Marine Ltd, the world's second-biggest builder of offshore oil rigs, is expected to post a 56 per cent jump in secondquarter profit tomorrow, thanks to robust demand for rigs, ship conversions
      Reuters  -  572 words
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      475 4 11 1 "1 f 9 "T-" r«'.vj r rv >• «tT.r V w.-^HrT ADVERTISEMENT Hla ll r I m m t Master of Business A preliminary course for PhD and DBA students Just what the new Doctors ordered 1 i In -Dr Hoe's case, his search for a world-class 1
      475 words
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  • Page 5 Advertisements
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      201 5 <- ——rz m TTfl > if Jy v¥ i m 1 Jt >' j i* f j/i j 1 ih. i 1 wig m-j, ilk r b > ijfr ■"1 V,/> im ~3 V > for- tt •Jfe* r >r 1/ T "f i i f|. \J .jt** Hi i
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Is it really time to buy?
      675 6  -  STOCKS R SIVANITHY Senior Correspondent IN its July 28 Global Investment Strategy, BCA Research recommended investors start buying again. "The time is right to begin slowly moving some cash into equities", said BCA Research. Meanwhile, US newspaper Barron's July 24 cover story was titled
      675 words
    • Article
      Lock icon M-East, weather concerns dominate markets
      592 6 COMMODITIES AFP [LONDON] Global commodity markets showed mixed fortunes last week as traders tracked tensions in the Middle East and weather developments in key producing countries. Crude oil prices slid on fears of reduced US demand. On Friday, the Commodities Research Bureau's index of 17
      AFP  -  592 words
    • Article, Illustration
      Lock icon DIVIDENDS ANNOUNCED
      713 6 Legend: (TE) Tax Exempt; (N) Net Of Tax; (TA) Tax Not Applicable;(F) Final; (I) Interim: (S) Special; (a) Bonus; (b) First and Final; (iii)Final and Fully Franked; (q) Special Interim, (t) Final with scrip alternative, (v) Special Tax Exempt (One Tier), (w) Interim Tax Exempt (One Tier), (x)
      713 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      1747 6 Consensus No.of Forecast Mean Fri's Consensus No.of forecast Mean FrTs recommendation esti- EPS PE target price recommendation esti- EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Company name This** Last mth mates (cents) (ratio) price W Advanced Holdings 1.00 1.00 2 6.90
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    • Article
      Lock icon Asian units rise on hopes of end to US rate hikes
      346 6 CURRENCIES AFP [HONG KONG] Asian currencies ended the week mostly higher against the dollar with the latest US economic ta adding to hopes of an end to the Federal Reserve's cycle of interest rate hikes. Japanese yen: The yen
      AFP  -  346 words
    • Article, Illustration
      Lock icon Buys rebound, sales stay muted
      1359 7  -  INSIDE MARKETS Net tally is 30 firms, 58 buy transactions, 36 shareholders, and trades worth $48m, reports ROBERT HALILI ROBERT HALILI BUYING by directors and substantial shareholders rebounded last week with 15 firms recording 21 acquisitions worth $30 million, based on filings with the Singapore
      BLOOMBERG  -  1,359 words
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      7 7 T ir^Ts I■■ 1 The Business Times
      7 words
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      255 7 NOTICE TO CLIENTS OF UKFP (ASIA) HK LIMITED (FORMERLY TOWRY LAW (ASIA) HK LIMITED) UKFP (Asia) HK Limited (formerly Towry Law (Asia) HK Limited) is seeking to contact the following clients concerning the matters set out in the Hong Kong Securities and Futures Commission's (SFC) press release dated 2 May
      255 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Signs of slowdown?
      1870 8 THIS WEEK'S TOPIC Should businesses be concerned about the possibility of a sharper slowdown in the global economy? What is their best course of action now? CURRENTLY capital spending in IT seems to be holding up amongst Asian companies. There is, however, some caution in spending among
      1,870 words
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      73 9 BT ceos Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust. This 'dub' is a virtual one, with interaction mainly via e-mail. Each week, we will invite comments from these top executives on
      73 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Good for the body and soul
      1285 10 PROMOTION (AUG 1-31) The Essence of Chinese Herbal Banquet, Summer Palace, The Regent Singapore 1 Cuscaden Road Tel: 6725 3288/9 CHINESE herbs are such an integral part of Chinese cuisine, that they're sometimes taken for granted. Or rather, we don't realise how much of
      1,285 words
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      132 10 Diners Club Card r. <**>/» 6416 ovso A World of Exclusive Privileges Treats (g Diners Club ■Wft Ti* JMrasg 1 W International' wwu3.dtners.com.sg I«r immmmmSß I t l=aHSHa I INSANELY om^6OB 9 I SOME PEOPLE EVEN I CALL US AN I Institution. IF Poolside, level 4, above Tanglin Mall. Reservations
      132 words
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      58 10 •y Surpassing the COOHERB ve ry best of!NZ's CRhEK y r Sauvignon <Blancs 90 Points, Smart Buy Highest rated wine in the New Zealand/ Australian category March 2006 Wine Spectator Blue Gold Sydney International Wine Competition 2006 I Gold Air NZ Wine Awards 2005 Gold Wines for Asia 2005 <
      58 words
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      101 10 L j Szechuan food never fails to titillate tastebuds j with its blend of spices and chillies to make any j bland dish taste oh so good! Have a hearty fiery ala carte buffet of favourites such as steamed j j "Pa-Ting" fish with spicy preserved vegetables, stewed "Dong Po
      101 words
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      26 10 Want the best deal? Invite tenders. Call 1800 289 8822 or email notiees@sph.com.sg to book your tender notice in our newspapers now. [•sATa^Stf NOTICES -<«» r g
      26 words
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  • KEPPEL.CLIPPER – ROUND THE WORLD
    • Article, Illustration
      Lock icon 'Little red boat' does S'pore proud
      1698 11  -  After a tense last dash where tactics played a key role, Uniquely Singapore ends the round-the-world race creditably in the top half, reports BT journalist and sailor VINCENT WEE onboard the S'pore clipper VINCENT WEE THE last race of the Clipper 05-06 Round the
      PHOTOS BY INGRIOABERY  -  1,698 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon AIA to raise bar on needs-based selling of insurance policies
      617 12  -  Its 4,000 advisers to be re-trained to shift focus away from product sales By GENEVIEVE CUA FINANCIAL advisers may have an alphabet soup of professional qualifications to their names, but that does not guarantee that needs-based selling is done, says
      617 words
    • Article, Illustration
      Lock icon Letting their hair go to save young lives
      295 12  -  By MICHELLE QUAH MORE folks are going bald for a good cause. This time, corporate high-fliers have joined hundreds of others before them, shedding their locks to raise money for the Children's Cancer Foundation (CCF). Five staff from DLA Piper Rudnick Gray
      295 words
    • Article
      Lock icon EVENTS LISTING
      95 12 DATE/ TIME EVENT VENUE 1 Aug ISEAS Seminar on Ready to ISEAS Seminar Room 10.30am Fight Yankee Imperialism: II, 30 Heng Mui Keng Vietnam's Evolving Terrace, Pasir Panjang Strategic Culture Under Market Reform 1 -2 Aug itSMF Annual Conference Suntec Singapore, 9.00am and-Exhibition 2006 Ballroom 3 and foyer
      95 words
    • Article
      Lock icon Campaign for healthier hawker food underway
      359 12  -  By JENNANI DURAI THE Health Promotion Board (HPB) and the National Environment Agency have jointly initiated the Healthier Hawker Food Programme, launched yesterday by Minister for Health Khaw Boon Wan. The programme aims to encourage hawkers to use healthier ingredients in their cooking. The
      359 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon 'Learn, take the lead and be brave'
      2292 13  -  CAMPUS LIFE Valedictorians speak to KRITI SINGH about their university life, ambitions and expectations of the 'real world' KRITI SINGH LAST week, we took a look at former valedictorians from the three universities in Singapore and how their lives have changed since they
      2,292 words
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      321 13 >■* l-Cube Corner I-CUBE is a unique collaboration by the investment clubs from the three universities, namely the National University of Singapore (NUS), Nanyang Technological University (NTU) and the Singapore Management University (SMU). I-Cube is conducting its Financial Treasure Hunt 2006, its keystone event which will kick-start a line-up of
      321 words
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  • ECONOMY WATCH
    • Article
      Lock icon Tokyo changes stance on interest rates
      752 14  -  With inflation, monetary tightening could come sooner than expected By ANTHONY ROWLEY in Tokyo THE Japanese government has quietly abandoned a policy that led to intense political pressure on the Bank of Japan (BOJ) to maintain interest rates at rock-bottom levels. This means that,
      752 words
    • Article, Illustration
      Lock icon Central bank reserve moves not all that meets the eye
      662 14 ANALYSIS Reuters [NEW YORK] Conventional wisdom says that when the dollar weakens, central banks exacerbate the move by selling and diversifying out of their greenback holdings. A closer look at International Monetary Fund (IMF) reserve data and the dollar's moves
      Reuters; BLOOMBERG  -  662 words
    • Article
      Lock icon Local officials not listening to Beijing
      466 14 Wen, Hu direct remarks to provincial leaders AFP [BEIJING] After a week of high-level warnings that the Chinese economy needs to be reined in, the nation's leaders still face the daunting task of getting local officials to listen. Both Premier Wen Jiabao and President
      AFP  -  466 words
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      1307 14 I DAI AIU PC CUCCT 4 Balancing of Subsiduary ledger Accounts and confirmation/reconcllation of fl I DALAIivCi OfICC I balances with foreign branches and NOSTRO Accounts, and adjustment of fl fl entries in Suspense. Drafts Payable, Clearing Difference, etc. is in progress OOO's omitted on an on-going basis. H 9
      1,307 words
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  • MALAYSIA
    • Article
      Lock icon Malaysia plans to develop Johor into metropolis
      438 15 Abdullah stresses that development plans for Johor and elsewhere are his AFP [KUALA LUMPUR] Eco-. nomic development plans for Johor will turn the area into a world-class hub on a par with Hong Kong and Shenzhen in China, Prime Minister Abdullah Ahmad Badawi
      AFP  -  438 words
    • Article
      Lock icon Syed Yusof not involved in tussle for Landmarks: MBT
      391 15 [KUALA LUMPUR] Syed Yusof Syed Nasir, who has become a substantial shareholder of Landmarks Bhd, is not involved in a speculated takeover tussle for the property company, says a report in Malaysia's Business Times. The paper quotes sources close to Syed
      391 words
    • Article, Illustration
      Lock icon High drama on both sides of the peninsula
      705 15  -  MALAYSIA INSIGHT PAULINE NG KL Correspondent POLITICAL drama bordering on the theatrical took centre-stage last week. Ordinarily, Malaysians pay scant attention to Asean meetings, inured by now to the rhetoric and diplomat-speak. But events on the closing day of the 39th Asean
      705 words
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      134 15 SHIFT! brilliance E SAG E -U Showrooms- Authorised Dealers: Auto Mega Trading PU Ltd 300 Tamp.nes Ave 5, #01-01, NTUC Income Tamp.nes I Tan Chong Motor Sales Pte Ltd Rd T M 66 7711 Junctlon 678 7 2882 Hong H«n fl co Ltd 33 s«nbaw.ng Red. #01-01/02. "*****2 sjv Buktt
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Infosys celebrates 25th anniversary
      494 16 It faces shrinking profit margins, competition AP [BANGALORE] It began in 1981, in a town in western India. Seven young middleclass friends from the western town of Pune, most of them co-workers at a small software company, quit their jobs to chase a dream: to build
      AP  -  494 words
    • Article
      Lock icon Ping An to buy bank stake for 4.9b yuan
      375 16 It'll take larger-than-expected 89% stake in Shenzhen Commercial Bank Reuters [HONG KONG] Ping An Insurance, China's No 2 life insurer, has agreed to buy a larger-than-expected 89.24 per cent of Shenzhen Commercial Bank for US$6l5 million, beating out rival local and
      Reuters  -  375 words
    • Article
      Lock icon 30b yuan govt funds misused, embezzled in 6 months: China
      327 16 AFP [BElJlNG] China's auditors have found that more than 30 billion yuan (555.93 billion) in public funds was misappropriated or embezzled in the first half of this year, state media said yesterday. Auditors said 22.3 billion yuan of the total
      AFP  -  327 words
    • Article
      Lock icon China's Chenming drops plan to sell stake to CVC
      236 16 Reuters [BElJlNG] A Citigroup joint venture has failed to reach agreement on buying a stake in China's Shandong Chenming Paper Holdings Ltd, scuppering what would have been one of the largest private equity acquisitions by a foreign buyer in China. Chenming
      Reuters  -  236 words
    • Article
      Lock icon India: where the monsoon can decide if business will be good
      445 16 Rain results in positive consumer sentiment: analysts The Economic Times [NEW DELHI] With the monsoon still 10 per cent below normal across the country, India Inc is keeping its fingers crossed, hoping for the best. After all, in technologydriven
      The Economic Times  -  445 words
  • Page 16 Advertisements
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      895 16 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHINA ENTERTAINMENT SPORTS LTD. Registration No. *****6814G (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA ENTERTAINMENT SPROTS LTD. ("the Company") will be held at Amara Hotel, 165 Tanjong Pagar Road,
      895 words
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      429 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NEWLET TRADING PTE LTD [Co. Rag. No. *****0738K) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act, Cap. 50 that the Final Meeting of Members
      429 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon S Korea's 2007 GDP growth to slow to below 5%
      278 17 Finance ministry officials expect mid or high-end of 4% Reuters [SEOUL] South Korea's economy is expected to grow at a slightly slower mid or high-end of 4 per cent next year after expanding at 5 per cent this year, Yonhap
      Reuters  -  278 words
    • Article
      Lock icon HCA shareholders act to stop MBO, asking for higher price
      333 17 AP [NASHVILLE, Tennessee] HCA shareholders have sued seeking to stop the planned US$2l.3 billion leveraged buyout of the largest US for-profit hospital operator. At least four lawsuits have been filed in in Nashville, where the company is based, and analysts
      AP  -  333 words
    • Article
      Lock icon STOCKS ASIA
      3083 17 Transaction da te: Jul 28 For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG Vol 0.03 6622 HK5 '000 Denway Motors .....2.55 0.03 ***** Digital China 2.47 -0.04 5208 Aeon Credit 5.80 unch 90 Dream
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    • Article
      Lock icon Oil boom gives top exporters a windfall to spend for growth
      627 17 Govts are using funds to pay down debt, buy assets, build infrastructure Reuters [LONDON/DUBAI] A year of record-breaking oil prices could earn the world's top exporters US$7OO billion and give them the confidence to build the foundation for decades
      Reuters  -  627 words
    • Article, Illustration
      Lock icon Israeli air strike kills 54 civilians in Lebanon
      480 17 Reuters [QANA, Lebanon] An Israeli air strike killed 54 Lebanese civilians, including 37 children, yesterday, prompting Lebanon to tell US Secretary of State Condoleezza Rice she was unwelcome in Beirut before a ceasefire. The raid on the southern village of Qana was
      Reuters; AP  -  480 words
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  • WORLD
    • Article
      Lock icon Wall St turns cautiously bullish
      902 18  -  WALL STREET INSIGHT Double-digit gains by companies seen for the rest of 2006, extending a period of robust profit growth for corporate America By ANDREW MARKS in New York WALL Street heads into August with the expectation of another week of gains, buoyed by the
      902 words
    • Article, Illustration
      Lock icon Gloomy outlook for US carmakers
      523 18 They are facing stagflation; softening demand AFP [DETROIT] AS plant-closing announcements piled up last winter, carmakers here talked hopefully that warmer weather might bring signs of a turnaround. Instead, with gasoline prices hovering around US$3 a gallon according to the US Department of Energy, US
      AFP; REUTERS  -  523 words
    • Article
      Lock icon First outflow in mutual funds in more than 3 years
      273 18 Bloomberg [NEW YORK] Investors withdrew a net US$B.4 billion from US stock mutual funds in June as global markets stalled, the first outflows in more than three years, the Investment Company Institute said in a report last Friday. The redemptions
      Bloomberg  -  273 words
    • Article
      Lock icon 3 parties express interest in buying LA Times
      196 18 AP [LOS ANGELES] Three local billionaires have written separate letters to the Tribune Co, expressing their interest in buying the Los Angeles Times, the newspaper reports. All were told the Times is not for sale, the newspaper said last Saturday, quoting several
      AP  -  196 words
    • Article
      Lock icon Andean farmers object to gold mining
      462 18 NYT [ALTO DEL CARMEN, Chile] There is gold in these hills at least US$ll.5 billion worth at last count in a wind-swept area studded with glaciers, more than 15,000 feet up in the Andes. The world's biggest gold company wants to mine it, but
      NYT  -  462 words
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  • AVIATION
    • Article
      Lock icon UK allows US planes cariying bombs to Israel to refuel
      308 19 It follows protests hazardous cargo rules not followed NYT [LONDON] Britain's Civil Aviation Authority said on Saturday that two airplanes carrying hazardous cargoes had been given permission to land for refuelling on their way to Tel Aviv, one late on
      NYT  -  308 words
    • Article
      Lock icon Japan Airlines chief sorry over share sale
      225 19 Bloomberg [TOKYO] Japan Airlines Corp president Haruka Nishimatsu apologised to shareholders for the handling of a share sale, which caused the carrier's stock to plunge to a 3-year low. The airline announced plans to sell 700 million new shares, or 35 per cent
      Bloomberg  -  225 words
    • Article, Illustration
      Lock icon Battle with low-cost rivals bruises India's Jet Airways
      450 19 It blames Q1 loss of 440 m rupees on tough competition and high fuel prices AFP [MUMBAI] India's largest private airline Jet Airways announced on Saturday it had swung to a first-quar-ter net loss, hit by cutthroat competition from low-cost rivals, high
      AFP; BLOOMBERG  -  450 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2177 19 cm fuwtt n* hmht hp ambo 1520 XWQ itfS Dan patar Bail SQ141 1145 SQ142 0935 Abu Dhabi ~SQ455 1135 S0143 1535 SQ146 1640 LH9771 750 LH9770 2345 &A840 1640 GA841 1755 l 25Sl Sit SQ147 m% SQ148 1990 ln.rt.rrtT LQ4031 0630 A***** 2255 SQ435 0550
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    • Article
      Lock icon Work starts on new Jo'burg terminal
      213 19 Bloomberg [JOHANNESBURG] Airports Company South Africa Ltd, the state-owned airports operator, started construction of a two billion rand (***** million) terminal expected to increase the capacity of Johannesburg airport for the 2010 soccer World Cup. The terminal, which will house shops and airline lounges,
      Bloomberg  -  213 words
    • Article
      Lock icon Raytheon may get US$2.5b for aircraft unit
      465 19 Bloomberg [BOSTON] Raytheon Co may get US$l.9 billion to US$2.5 billion for its busi-ness-jet division, less than previous sales of similar companies because of its weaker market position, according to two top-rank-ed analysts. The expected price of US$l.9 billion would be less than
      Bloomberg  -  465 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      188 19 CRYPTIC CROSSWORD ists (8,5) 13 A footnote about creeper (3) Across: 1 Evelyn Waugh, 10 HinDOWN 15 Those alternatively found ex- du, 11 Underrate, 12 Indignant, 13 1 See April about latticework treme member (3) About, 14 Theism, 16 Roadside, 18 (8) 17 Work on estuary in Devon (8) All
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  • SHIPPING
    • Article
      Lock icon Shipping lines to start new service to US from Aug 22
      254 20 Bloomberg [SEOUL] Hapag-Lloyd, Neptune Orient Lines and other shipping lines plan to start a new service between Asia and the east coast of the US next month to meet cargo demand. The service will start on Aug 22 in
      Bloomberg  -  254 words
    • Article
      Lock icon TRANSPORT STOCKS
      287 20 SGX '000 Jul 28 SS Vol CH Offshore .0.35 unch 46 Chuan Hup .0.33 -0.01 335 Cosco Corporation 1.50 0.01 5584 CWT Distribution 0.62 unch 37 Ezra Hldgs .242 0 08 3768 Freight unks .0.07 0.01 121 Grand Banks Yacht .0.93 unch 0 JayaHoldings 1.34 unch 201 K1
      287 words
    • Article, Illustration
      Lock icon Demand for floating systems at high
      752 20  -  Order backlog for oil processing floaters hits record; S'pore still a key conversion centre By OH BOON PING WORLD oil processing capacity on the water may rise by another 30 per cent, even as the current order backlog for floating production systems reached record
      Source: International Mariome Associates,Inc.Washington  -  752 words
    • Article
      Lock icon Philippine port operator wins bid to run Syrian terminal
      209 20 Reuters [MANILA] Philippine port operator International Container Terminal Services Inc (ICTSI) won a bid to operate a terminal in Syria under a 10-year concession, with an option to extend for another five years, it said last week. ICTSI said it would
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      Lock icon Greek shipping eyes China's booming trade business
      565 20 AFP [ATHENS] Red carpets and VIPs are a rare sight at the Greek container terminal of Neo Ikonio, near the port of Piraeus, not to mention morning appearances by Prime Minister Costas Karamanlis. But the 551-metre (1,800-foot) container ship christened on July 27
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      Lock icon Rotterdam port eyes big expansion, focus on energy
      621 20 It aims to be a distribution hub for biofuels, LNG Reuters [ROTTERDAM] Europe's biggest port of Rotterdam expects to spend some 8 billion euros (Ssl6 billion) in the coming years to expand capacity, with a special focus on energy, to keep in
      Reuters  -  621 words
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  • Article
    Lock icon SINGAPORE STOCKS
    12134 21 STRAITS TIMES INDEX STOCKS Stock name Wt dose Change Stock name Wt Close Change Stock name Wt Close Change Ailgreen 50c 0.28 1.240 -0.010 I HyfluxSc 0.33 2.100 ST Engg 10c 1.77 2.790 -0.050 Ascendasreit 0.99 1.920 +0.020 JMHUS25c400 3.37 18 700 +0.100 STATSChP25c 0.74 0.865 -0.020 BIL
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  • Article
    Lock icon FINANCE & COMMODITIES
    6252 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES h tool curr In SS In USS tfy yr y dy %yr Jul 28 index Change CSaoge Owngg Chang* Chang* Ch«ng» World Into PreWsnwry 991.8 0 9 23 1.1 0l2 10 5.5 ItAttPieimwvwy 1000 2 0 7 2 8 1.1 4.0 10 9.S
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  • THE BUSINESS TIMES SHIPPING TIMES
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  • BizIT
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      Lock icon New customers boost SAP's Q2 revenues
      784 27  -  Asia-Pac revenue up 7% to 254 m euros with 7 new customers a day By AMIT ROY CHOUDHURY WITH 420 new customer wins in the second quarter ended June 30, German software major SAP's AsiaPacific revenues grew 7 per cent to 254 million euros
      784 words
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      Lock icon Windows rolls out first MSN Messenger phone
      365 27  -  By ROLAND LIM ALTHOUGH not the first to launch Voice-over Internet Protocol (VoIP) digital cordless phones here, Philips Electronics last week cast a wider net on the VoIP phone market, debuting the first Windows Live Messen-ger-compatible phone in Singapore, as well as its
      365 words
    • <what's up>
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        Lock icon SAP names new S-E Asia helmsman
        88 27 GERMAN business software giant SAP has promoted Eric Mac Donald to president of its operations in the South-east Asia region. With the new appointment Mr Mac Donald, who was formerly the managing director of SAP Singapore and Malaysia, will also oversee the company's businesses
        88 words
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        Lock icon Online mobile megastore opens
        85 27 USERS looking to pack their handsets and PDAs with everything from ring tones to snazzy applications will be spoilt for choice with the opening of what is claimed to be the world's first online mobile megastore (www.thecellcitycom). The site offers over 2 million handphone and PDA
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        Lock icon Compuware appoints MD for South Asia
        56 27 ENTERPRISE software and IT services provider Compuware Corporation has named Michael Lam as its new managing director of South Asia. Mr Lam will oversee the company's sales and business development efforts in the region. Prior to taking on the role, he was the South
        56 words
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        Lock icon New Singapore head for Equinix
        86 27  -  Compiled by WINSTON CHAI DATA centre operator Equinix has appointed Clement Goh as the managing director of its Singapore operations. Mr Goh, who replaces former local head honcho Lee Yoong Kin, will report directly to Samuel Lee, Equinix's regional vice-president. Before taking on his new
        86 words
    • Article
      Lock icon Motorola to sell thin phone in emerging markets
      298 27 Reuters [ROSEMONT, Illinois] Motorola Inc said last week it would start selling the Motofone, its thinnest phone yet in high-growth emerging markets in a bid to compete better against bigger rival Nokia As growth slows in longestablished wireless markets where most people
      Reuters  -  298 words
    • Article
      Lock icon Unified systems: lesson from airline industry
      615 27  -  &lt;you say&gt; Standardisation helps achieve more efficiency and productivity By CRAIG GLEDHILL IN THE *****, information technology (IT) groups focused on building systems to manage growth within each part of a business. Today, the focus is on returning to the basics and setting a
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      Lock icon NCS taps eSys to bolster SOE bid
      673 28  -  eSys' efficiency in fulfilling orders a key reason for deal, NCS tells WINSTON CHAI WINSTON CHAI LOCAL information technology (IT) services major NCS has tapped budget PC maker eSys Technologies as it bids to meet the government's mandate of slashing the cost of
      673 words
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      Lock icon How low can a PC go?
      281 28 THINK of budget PCs, and low-end systems typically based on Intel's Celeron processors come to mind. Last week, eSys shattered the price and performance barriers associated with low-cost computers with the introduction of the ePCS24N, an Intel Pentium 4, 3.06 GHz machine at a
      281 words
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      Lock icon Patient's history available on the fly – digitally
      396 28  - Patient's history available on the fly digitally By WINSTON CHAI THE Lien Foundation is tapping into mobile technology to help reduce the mountain of paperwork for some healthcare workers in Singapore. The organisation set aside $280,000 and roped in mobile solutions developer Xrgomics in an effort to improve the operational
      396 words
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      Lock icon Training, accreditation body NICC to be dissolved
      413 28  -  IDA will integrate functions as part of iN2015 masterplan By ROLAND LIM THE National Infocomm Competency Centre (NICC), an industry body whose mission was to increase the local workforce's infocomm competency via training and accreditation, said last week that it will cease operations
      413 words
    • <what's new>
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        Lock icon Olympus unveils pint-sized 7-megapixel camera
        85 28 OLYMPUS has launched the Mju 710, said to be one of the world's smallest and lightest 7-megapixel cameras. Besides its small frame, the new offering boasts a weather-resistant finishing with the use of specially-coated rubber materials to seal the gaps between individual components. It is
        85 words
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        Lock icon USONYX offers SMEs budget e-commerce packages
        121 28 WEB hosting services provider USONYX has launched new e-commerce solutions which allow small businesses to set up online stores for as little as $1.50 a day. With the company's new U-Shop offerings, companies will have access to tools and hosting space for them to
        121 words
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        Lock icon MicroAppli simplifies photo-sharing
        97 28 SINGAPORE-BASED mobile software developer MicroAppli is set to launch XShare, an application which allows users to easily upload photos from their mobile phones to popular photo-sharing sites. By installing the Java program on a handset, a picture or video is automatically detected once it is taken. XShare
        97 words
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        Lock icon Fujitsu, Software releases SOA software package
        96 28 FUJITSU Computer Systems and Software AG have unveiled the latest version ofCentrasite, a solution which gives companies a better view of their service-oriented architectures (SOA). In addition, it promises improved analysis and control of SOA activities and resources. The new Centrasite Enterprise Edition provides
        96 words
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        Lock icon SMC launches Wi-Fi enabled phone
        82 28  -  Compiled by WINSTON CHAI NETWORKING gear maker SMC has introduced the WSKPIOO, a Wi-Fi-enabled phone which allows users to make Internet-based calls without the need for a PC. The new gadget resembles a normal handset and comes equipped with the popular Skype Internet telephony software.
        82 words
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      Lock icon Intel to ship new power-saving chips for PCs in August
      353 28 Reuters [TOKYO] Intel Corp said last week it plans to start shipping new processors for desktop and laptop computers in August, betting that the energy-saving chips would help the world's largest semiconductor maker regain share from rival Advanced Micro Devices
      Reuters  -  353 words
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