The Business Times, 30 March 2007

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Total Pages: 37
1 38 The Business Times
  • 21 1 THE BUSINESS TIMES tF A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 202/12/2006 Friday, March 30,2007
    21 words
  • 594 1  -  105 such homes sold to foreigners last year, the highest since 1995 By KALPANA RASHIWALA [SINGAPORE] An increasing number of landed homes in Singapore are going to foreign buyers, especially in the prime districts. Foreigners (including permanent residents) picked up 105
    594 words
  • 790 1  -  Between 2000 and 2004, direct investments soared from $472.6 m to $3.6b By UMA SHANKARI [SINGAPORE] Middle Eastern investors have been pouring money into Singapore and a business group which has just been set up aims to encourage the trend. Between 2000 and
    790 words
  • Page 1 Advertisements
    • 65 1 f( Jg|( EXEC UFESTYU Thejoyof sWpwrecl A& ceramics I^. once me lonely job. think that's really do. 9 Michelle Peluso, chief executive and president of Travetocity. In m|V Wm the Raffles Conversation 3^lMal vt Hi* TV^S^K^ZnCI'" tomorrow PHHI'i HHUiiS? PMHI HM v^M Unveiled: Singapore Gold, the first of 3 groups
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    • 15 1 THAILAND Elections set for December HiaiPM PAGE 2 8 Hi I Markets Digest Pag* 2
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    • 26 1 GREEN AWARDS SMEs come out tops PAGE 14 museum i■i■■ i ■mi *■——jiPßi I. i M l 1 J 'Ji n l »11 1 1 i
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  • TOP STORIES
    • 764 2  -  Investments total US$940m so far but have not reached critical mass yet By CHEN HUIFEN [SINGAPORE] Singapore is aggressively chasing investments in biologies so the country will play an increasing part in producing these drugs or other treatments made from living material
      764 words
    • 131 2 ST! 3,***** (+27.13) ST INDEX FUTURES 3,229.00 (+27.00) SIMSCI 397.61 (+3.08) SIMSO FUTURES 398.30 (+5.10) MARKETS Thursday Change KLCOMP U35J9 +0.65 NIKKEI 225 17.263.94 +9.21 HANG SENG 19,821.78 +267.91 SET INDEX 671.62 +2.58 JAKARTA COMP 1,817.72 +17.33 MANILA COMP 3,151.72 -11.09 SEOUL COMP 1.450.95 +1U1 SHENZHEN B 523JU
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    • 528 2 Surayud rejects calls for emergency rule in Bangkok AFP, Reuters [BANGKOK] Thailand's ar-my-installed premier said yesterday elections to restore democracy will be held in December and rejected calls for emergency rule in Bangkok as he sought to cool soaring tensions. Prime Minister
      AFP,; Reuters  -  528 words
    • 620 2 S'pore has place in precision engineering SINGAPORE will be well positioned to join precision engineering heavyweights Germany, Japan and Switzerland by getting the fundamentals of technological prowess, market knowledge and manpower right, said Lee Yi Shyan, Minister of State for Trade and Industry, last night. Already, Singapore has
      620 words
    • 559 4  -  By MICHELLE QUAH [SINGAPORE] While midtier accountancy firms need to do their part in getting the message out that they can provide the same quality, if not the same scale, of service as the Big Four firms, it's equally important that
      559 words
    • 395 4  -  Bid for new National Stadium Its horseshoe-shaped design presents an open face to the Kallang Basin By VINCENT WEE [SINGAPORE] One of the three groups vying to build Singapore's new National Stadium unveiled a plan yesterday that aims to highlight the site's
      395 words
    • 350 4  -  Task is to get tech prowess, market knowledge and manpower right: Yi Shyan By CHRISTINE SIM (SINGAPORE] Singapore will be well positioned to enter the same precision engineering (PG) league as Germany. Japan and Switzerland by getting the fundamentals of technological prowess, market knowledge
      350 words
    • 478 5  -  Member alleges they let a term member play polo in breach of dub rules By VINCENT WEE [SINGAPORE] Members of one of Singapore's oldest clubs the Sin* gapore Polo Chib were meeting last night to vote on a motion of noconfidence against two
      478 words
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    • 993 2 ADVANCED SYSTEMS AUTOMATION LIMITED Company Registration No. *****0740 M (Incorporatedin the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-First Annual General Meeting of the Company will be held at Block 25 Kallang Avenue, *06-01 KaUang Basin Industrial Estate, Singapore *****6 on Tuesday, 24
      993 words
    • 17 2 people Black belts wanted. vVV\ A I'l.-IM-. It. nil A'.1.1 r.lc 111. I IJII S. >r: 1
      17 words

  • Page 3 Advertisements
    • 79 3 j-SE^V^ MAKE A MARK FOR YOURSELF. The Jaguar XJ isn't all about technological breakthroughs. Its about a driving experience that never allows technology Te1:*****626/*****627/*****628 to overwhelm. Its about getting behind the wheel and knowing JAGUAR.COM with every fibre of your being that you're in complete control. JAGUAR XJ ot just
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  • Page 4 Advertisements
    • 2391 4 STATS ChipPAC Ltd. mTSChlnjvfcr > (Incorporated in the Republic of Singapore) (Company Registration Number **********) J Notkc of Thirteenth Annual Ganwral Meeting NOTICE IS HEREBY GIVEN THAT the Thirteenth Annual General Meeting (the "Annual General Meeting*) of STATS CMpMC Ltd. (the "Com party" or "STATS ChipPAC") will be held at
      2,391 words
    • 298 4 .::^r^3ar V .v»-v- v<t Sale by Tender: Kian Teck, Tampines and Woodlands Dormitories c :>■&. «3Erfa<f JTC is offering the private sector an opportunfty to own and operate Kian Teck, Tampines and/or rV., Woodlands Dormitory: These ready-built dormitories with existing tenancies house foreign workers from the manufacturing industry. y ;frjr
      298 words

  • Page 5 Advertisements
    • 193 5 r The Chevrolet Captiva is the all-new SUV that's ideal for the individual, perfect for the family. Its strong, progressive SUV styling, gives the Captiva a commanding presence on the road. Inside, space is used innovatively to create ample room for seven people or more storage space by simply folding
      193 words

  • COMPANY NEWS
    • 728 6  -  HOCK LOCK SIEW By RONNIE LIM KEPPEL Corp has been nibbling at Singapore Petroleum Company's shares in the open market over the last six months picking up over five million shares and raising its stake in the associate company from 44.08
      728 words
    • 442 6  -  By WONG WEI KONG RATIONALISATION of Singapore's transport system if it leads to one company running the bus system and another operating the rail network could boost the transport sector's market value by more than half a billion dollars. This would
      442 words
    • 265 6 Reuters SINGAPORE'S Mapletree Logistics Trust Management expects to add South Korea and Vietnam assets to its portfolio of warehouses and container depots this year I as it continues to diversify 5 out of the city-state, its chief said yesterday. "We don't need to be
      Reuters  -  265 words
    • 570 7  -  Firm well placed for rise in demand for semicon equipment in China: chairman By JANICE HENG ASTI Holdings will continue to expand beyond semicon-ductor-related markets, but executive chairman Michael Loh says that the semiconductor business is "still a growth industry." In an interview, Mr
      ARTHUR LEE  -  570 words
    • 246 7  -  By TETTYANA JASLI SINGAPORE'S Hyflux Ltd yesterday announced that it and Malakoff International of Malaysia have agreed on a joint venture with the Algerian Energy Company (AEC) to build and run a desalination business in the north African country. The project company
      246 words
    • 378 6  -  By TETTYANA JASLI RAMPANT speculation that Ong Beng Seng, a major shareholder in Hotel Properties Limited (HPL), has sealed the deal which will see Singapore host a leg of the popular Formula One series pushed the company's shares up
      REUTERS  -  378 words
    • 312 6  -  By ARTHUR SIM SIM Lian Group says property development now accounts for 70 per cent of its business. And it has at least two residential launches lined up. Going on sale today is the 338-unit Carabelle on the former Hin Seng
      312 words
  • Page 6 Advertisements
    • 1297 6 informatics INFORMATICS EDUCATION LTD. (Company Registration Number *****3419G) (Incorporated in the Republic of Singapore on 20 July 1983) NOTICE OF BOOKS CLOSURE DATE FOR ADJUSTMENTS PURSUANT TO THE TERMS AND CONDITIONS OF THE WARRANTS 2004 AND WARRANTS2OOS OF INFORMATICS EDUCATION LTD. (THE "COMPANY") IN CONNECTION WTTH THE RIGHTS ISSUE AND
      1,297 words

  • Page 7 Advertisements
    • 16 7 If 6438 2297 1 I 2nd Floor, 31 Club Street, Singapore *****8 I I sngOn«wconceptm»nd»rln.com I
      16 words
    • 270 7 Previous Laureates H ■S HMR ENVIRONMENT! M r I IVMliirf y J 1 Il| I 1 lIJ I ii»mlrr created a system for easy preparation W° f fon an African 1 Lonnia Dupre dfrw*.*# j >' i undertook the I JM otr™ 9 I ...Jl I I MBS Kikuo Morimoto
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  • SINGAPORE MARKETS
    • Article, Illustration
      935 8 SECURITIES TRADING SCOREBOARD MAM SDQ TOTAL Up Do— Uth Up Down Undl Up Down Und> Mutti lod 12 4 0 0 0 _4 Manufacturg 106 39 59 17 8 J8 125 47 77 Commerce 41 16 20 4 4 7 45 20 27 Tpt/S tor/Com 16 11 12 3_ 0
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    • 538 8  -  STOCKS ST Index rebounds from intraday loss of 30 points to close with net gain of 27 points R SIVANITHY Senior Correspondent A REVERSAL in the futures market for US benchmarks which suggested that Wall Street would rebound on Thursday helped the Straits Times
      Source: Bloomberg  -  538 words
    • Article, Illustration
      1012 8  -  Compiled by UMA SHANKARI Fraser Neave March 29 dose: 555.25 OTKSItOUP RESEARCH, March 28 PROPOSED acquisition appears reasonable at Ss26o psf ppr: F&N announced that it has entered into a 50:50 joint venture with the Far East Group to acquire a land site at Tampines St 11 for
      Source: Bloomberg  -  1,012 words
    • 516 8 CURRENCIES Reuters [TOKYO] The US dollar edged up against the yen yesterday, extending a rebound as a rise in Asian shares soothed worries about risk aversion and prompted buying of higher-yield-ing currencies against the yen. The dollar also gained ground as market
      Reuters; REUTERS  -  516 words

  • COMPANY NEWS
    • 608 9  -  High liquidity, low interest rates will be affected by its strong ascent By SIOW LI SEN ASIA'S "cheap" effect on global markets is on the wane as it emerges as an economic powerhouse. And the boost to earnings and high liquidity
      AFP  -  608 words
    • 287 9 THE US equity market is a "compelling" proposition on a risk-adjusted basis, says a portfolio manager of the Legg Mason Value Fund led by legendary investor Bill Miller. "We believe the market could produce returns of 15 to 20 per cent in a
      287 words
    • 323 9 Wearnes unit expects Q2 net sales to fall WEARNES' subsidiary, Multi-Fineline Electronix Inc (M-Flex), said it no longer expects sequential growth for its second quarter ending March 31, 2007. M-Flex's chairman and CEO, Phil Harding, said the company has been hit by lower sales to its largest customer.
      323 words
    • 362 10  -  IPO WATCH By JANICE HENG CHINA KL International, holding company for manufacturer Henan New Kelong Electrical Appliances, has lodged its preliminary prospectus with the Monetary Authority of Singapore for a listing on the Singapore Exchange's main board. The initial public offer (IPO) will
      362 words
    • 366 10  -  Company to use proceeds to grow the business and for acquisitions By ANGELA TAN CHINA Print Power Group yesterday lodged a preliminary prospectus to list 32 million new shares on the Singapore Exchange making it the third Chinabased company to do
      366 words
    • 306 10 Reuters (HONG KONG] Singapore Airlines' low-fare carrier Tiger Airways can shoot for an IPO in 2008 at the earliest. chief executive Chew Choon Seng said yesterday, dashing hopes the budget airline will list by end--2007. "The end of this year is not
      Reuters; AFP  -  306 words
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  • Page 11 Advertisements
    • 2535 11 Financial Results Ended 31 December 2006 SUMMARISED FINANCIAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2006 The following Financial Statements contain only a summary of the information in the full financial statements and directors' report of DBS Group Holdings Ltd and its subsidiaries ("the Group") They do not contain sufficient
      2,535 words

  • Page 12 Advertisements
    • 4357 12 NOTICES MegaChemT MEGACHEM LIMITED (Registration No.: *****3293 M) (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 132 Pioneer Road, Singapore *****8 on 16 April 2007 at 10.00 a.m. to transact the
      4,357 words
    • 807 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CNPC (SINGAPORE) PTE LTD (Company Registration No.: *****5564E) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
      807 words
    • 811 12 M THE OF THE OOMPAMES ACT, CAP. SO AND IN THE MATTER OF CHSN SPORT TRADMQ SERVICES PTE LTD. (CO. REG. NO-' 20Q203St1K) fin Member? Votuntary uquiOatwn' NOTICE OF HNALMgTWO NOTICE 6 IMBY GIVEN puMrt to Sector 301 of to Compmn Act Cap. 50, M to Hwl Maalkig of to
      811 words

  • SINGAPORE NEWS
    • 216 13 THE Borouge joint venture between Abu Dhabi National Oil Company (Adnoc) and Europe's Borealis is expanding its global marketing HQ in Singapore to cater to growing business and support its multi-billion dollar ethylene cracker expansion in Abu Dhabi. Borouge said yesterday its marketing
      216 words
    • 159 13 SENTOSA Development Corporation chairman Philip Ng took top honours at the Tourism Awards 2006 at the Esplanade Concert Hall last night He received the Outstanding Contribution to Tourism prize for his role in helping redevelop the resort island. Other individuals and organisations
      159 words
    • 407 13  -  By SIOW LI SEN HSBC is aiming to take over much of the payments and cash management work for Singapore's increasingly globalised small business sector as well as the regional treasuries of multinational corporations based here, bank executives said yesterday. "By 2010, we
      407 words
    • 482 14  -  By GENEVIEVE CUA THE average working Singaporean needs roughly $480,000 of life cover but has just a quarter of that or $118,000, studies commissioned by the Life Insurance Association show. Taken as a whole, the working population in Singapore is under-insured by as much as
      482 words
    • 1124 14 UNIT TRUSTS FUNDS MMwmniusD 17* OMOBW««Hi(ceui m«n nm uso uj» ss<«n»M MmrutB »m«mudi 11 mt uo»ct««p \XBanxn »wap Al Anar Kami A EUR tS?l TT FttftrMbF«a»uSO V SB Catena* CmftiFiatf tJMM MH O GmOm E4ft USD A Mid' xn c* Cm a* itrimKDt' UBMU9V MMaWMM" liSosr AftfcmfKcmtlEUR 45» FkM* Into
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    • 429 13  -  Residential sector accounts for 60% of $9.23b total, says CBRE By ARTHUR SIM SENTIMENT in the property market has continued to be bullish into the new year with figures for investment sales in the first quarter showing an increase of more than 50
      429 words
    • 330 14  -  Omega Thermal, Origin Exterminators are best in their class By PAMELA CHEW SMALL and medium enterprises (SMEs) dominated the "Oscars for the environment" at the inaugural Singapore Green Summit 2007 last night, bagging two of the three top awards. Pest management company Origin
      330 words
  • Page 13 Advertisements
    • 239 13 m AVIVA Do you have ,£481,000? If not, you should talk to Aviva. $481,000. Thafs the amount of life insurance protection an average Singaporean requires*. But most of us have a shortfall of $362,000* in protection needs. At just $3.90 A a day, address this with one of the most
      239 words

  • Page 14 Advertisements
    • 98 14 Allianz Global Investors one of the world's largest asset managers with more Allianz (jlj) than US$l.2 trillion assets under management as at 31 December 2006. Global lnv tors "t ,J, i <8 1 ITSVI !^^BWE^^^BK^^MM^Bii^B^^^M^!^^^^^p^BEß?^^^Ogfiß[w, |BiH l f V*l' v Hwf Wk »;p >* <■ *t ***■< j ■■»,'> >1*
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  • Page 15 Advertisements
    • 67 15 With heartiest congratulations to our valued client: QOb LIPPO GROUP Mr Stephen Riady and the Lippo Group on the successful launch of "The Trillium" another premium development project of the Lippo Group. M Bi i *^>#"-v--|-"5• t?»;^s^f?^^^?^'.. :^*s®£?aslss3lfr."Isßjf-* f > fl v 1 |v Jk* li' •i«j*^ii-!^^—• -'tr■'. J .^Si^fe
      67 words

  • ECONOMY WATCH
    • 139 16 AP [MEXICO CITY] Mexican President Felipe C&lderon pledged on Wednesday to continue to support antidumping measures against Chinese textiles, saying the local clothing industry suffers unfair disadvantages in competition with the Asian giant. Mr Calderon said his administration has sought consultations with the Chinese government
      AP  -  139 words
    • 501 16 Reuters [NEW YORK] Ben Bernanke has promised greater transparency and on Wednesday made one thing clear: the chairman of the Federal Reserve doesn't agree with his former boss on the economic outlook. For several weeks now, former Fed chief Alan Greenspan had
      Reuters; REUTERS  -  501 words
    • 366 16 Central bank adviser says equity, property markets overheating Reuters [MUMBAI] India will have difficulty achieving economic growth of 9 per cent with lower inflation than it has at the moment, a member of an advisory committee to the central bank said on
      Reuters  -  366 words
    • 473 16 Drastic actions over yuan will poison ties, economist tells lawmakers Reuters. AP. Bloomberg. AFP [WASHINGTON] As US legislators consider a bill to force China to raise the value of its currency, a China trade expert and former IMF economist warned that being
      Reuters.; AP.; Bloomberg.; AFP  -  473 words
  • Page 16 Advertisements
    • 147 16 Diners Club Card r o 0980 A World of Exclusive Privilege* Treat* Diners Club u ww%o.clmer*.com*g International' RSVP i6H6 indulge Every tabic with a minimum of 6 adults having the dinner buffet will receive one complimentary bottle of wine!* RESERVATIONS: 6432 5567 •Promotion tftl 30 April 2007. Offer is not
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    • 4 16 M?lr I. I "1""I"■
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  • MALAYSIA/INDONESIA
    • 479 17 Govt aiming to attract US$22b of investment annually Bloomberg [JAKARTA] Indonesia's Parliament has passed a law to give tax breaks to investors and ease bureaucratic hurdles, as the country seeks to attract companies such as General Electric Co amid rising competition from
      Bloomberg; AFP  -  479 words
    • 271 17 AFP [KUALA LUMPURI The Middle Eastern-owned Asian Finance Bank on Wednesday launched operations as Malaysia's third foreign-owned Islamic bank and said it would use the country as a hub to expand regionally. "Malaysia will be used as a hub for the bank
      AFP  -  271 words
    • 186 17 Bloomberg [JAKARTA] Indonesian Parliament passed a law on Tuesday allowing private investment in railways, ending stateowned PT Kereta Api's monopoly of the country's railroads. The company has held the monopoly rights for the past 61 years after it took over all the railroads a
      Bloomberg  -  186 words
    • BRIEFLY ASIA
      • 106 17 Reuters [LONDON] Malaysia's Employees Provident Fund (EPF) is expected to approach British banks Barclays Pic and Royal Bank of Scotland plus other international lenders to sell a 20 per cent stake in Malaysian bank Rashid Hussain, the Financial Times reported yesterday. The newspaper
        Reuters  -  106 words
      • 110 17 Bloomberg [JAKARTA] PT Pertamina, Indonesia's state oil company, said profit last year rose to 19 trillion rupiah (553.2 billion), lower than forecast because of a weaker dollar. Unaudited net income last year rose 15.6 per cent from 16.46 trillion rupiah in 2005, Frederick Siahaan,
        Bloomberg  -  110 words
      • 80 17 AFP [SEPANG, Malaysia] Malaysia's budget carrier Air Asia has signed a three-year sponsorship deal with racing team Williams beginning with the 2007 Formula One season, a top official said yesterday. "F1 is a sport we would love to be associated with. We would love to be
        AFP  -  80 words
      • 86 17 Reuters [JAKARTA] Europe's largest retail company, Metro AG, is planning to set up a network of 20 wholesale markets in Indonesia with an investment of 500 million euro (SSI.OI billion), a newspaper reported yesterday. Investor Daily quoted Germany's deputy ambassador in Indonesia Wolfgang
        Reuters  -  86 words
    • 636 17  -  By S JAYASANKARAN in Kuala Lumpur AFTER five months of relative quiet, former Malaysian prime minister Mahathir Mohamad returned to the offensive, this time attacking Prime Minister Abdullah Ahmad Badawi's plan to relax laws governing investment in the Iskandar Development Region (IDR) in
      636 words
  • Page 17 Advertisements
    • 33 17 llk.^^^^Brg.--' «-a 'x' ,f a\v-a4' /A v .'c. I A' I I'ff't'r ifT' X>- ll JJ> a j.i' I i> j 1 lt.l- Good Design Award H I)0lll The Chicago Athenaeum br«t H
      33 words

  • GREATER CHINA/INDIA
    • 364 18 It is now world's second most valuable bank, behind Citigroup Bloomberg [HONG KONG] Industrial Commercial Bank of China Ltd overtook Bank of America Corp as the world's second-most valuable financial firm, even though the Beijing-based company earns about one-third the profit.
      Bloomberg  -  364 words
    • 61 18 [HONG KONG] Fiji's captain Semisi Naevo (left) and New Zealand's captain DJ Forbes in Hong Kong yesterday for the three-day Rugby Sevens tournament starting today. The tournament injected HK$213.4 million (5$41.5 million) into the economy last year as many of the 40.000 fans headed to
      REUTERS  -  61 words
    • 256 18 AP [BEIJING] Citigroup Inc plans to expand its securities business and branch network in China this year after being included in last week's first group of banks approved to incorporate locally, chief executive Charles Prince said yesterday. Citigroup plans to expand its
      AP  -  256 words
    • 294 18 Chennai factory has an annual capacity of 1,700 units Bloomberg [NEW DELHI] Bayerische Motoren Werke AG, the world's largest maker of luxury cars, will expand capacity at its new India factory as demand increases in a nation where the number of millionaires has
      Bloomberg  -  294 words
    • 542 18  -  More than 110,000 workers earn monthly pay of less than HK$3,OOO By JANE MOIR in Hong Kong HONG Kong policy-makers are coming under renewed pressure to bridge a growing wage gap as figures released this week show that more than 100,000 workers in
      542 words
  • Page 18 Advertisements
    • 1545 18 THE BANK OF NOVA SCOTjA Note: Al figures quotad in Canadian (Incorporated in Canada with Limited Liability) dollars (millions) except par shore amount* I CONSOLIDATED BALANCE SHEET CONSOLIDATE STATEMENT Of INCOME I A* at October 31 Fer ihe year «id»d October 31 H ASSETS 2006 2005 MEREST NOOME 2006 2005
      1,545 words

  • MIDDLE-EAST
    • 530 19 Large Islamic bank needed to boost sector's liquidity, says official Reuters. Bloomberg [MANAMA] Islamic finance institutions plan to set up a mega Islamic bank in Bahrain within months with a capital set to rise to US$lOO billion within seven years, an institution
      Reuters.; Bloomberg  -  530 words
    • 454 19 NYT [RIYADH. Saudi Arabia] King Abdullah of Saudi Arabia told Arab leaders on Wednesday that the US occupation of Iraq was illegal and warned that unless Arab governments settled their differences, foreign powers like the United States would continue to dictate
      NYT  -  454 words
    • 605 19 Reuters, AP [LONDON] Britain sought international help to isolate Iran on Thursday in a stand-off over the capture of 15 military personnel, while Iran threatened to delay the release of the only woman detainee if London created a "fuss". Britain is seeking approval from
      Reuters,; AP; AFP  -  605 words
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  • Page 20/21 Advertisements
    • 143 20/21 TO j TIH Frasers Centrepoint Homes presents St.Thomas Suites, an Iconic 3 3-storey freehold 1 condominium that offers the most luxurious of living standards. With its unmatched 1 f St,Thomt»Wtik I T~l til I I location at the edge of giamorous Orchard Road, St Thomas Suites quite simply represents y
      143 words

  • ASIA-PACIFIC/WORLD
    • 530 22 LATEST US DATA New claims for jobless benefits drop unexpectedly last week Reuters [WASHINGTON] US economic growth was moderately stronger in the fourth quarter than previously thought, primarily because businesses added more to inventories than was estimated a month ago,
      Reuters  -  530 words
    • 466 22 Reuters [LONDON] Britain's government will bring back proposals for a wave of new large casinos after local elections on May 3, a government spokesman said yesterday after its plans for a Las Vegas-style supercasino in Manchester were wrecked by lawmakers on
      Reuters  -  466 words
    • 2336 22 VOL Mar 29 W- f»W> AtMMty 1.72 0.12 32 AbricBhd .033 unch 0 AcplndUMrias ...1.79 0.04 1074 Advance Synergy 0.41 0.03 ***** AdvantaBhd 032 0.08 366 AcMuMHtdgi .0.35 undi 314 AffinHoMngi 2 34 0.06 1202 Ahmad Zaki Rami 330 -0.03 13 AicCorp 0.57 <.01 170 AjrvMlhd 1.73 undi
      2,336 words
    • 371 22 Bloomberg [KUALA LUMPUR] HSBC Holdings said yesterday that the US sub-prime mortgage division will be "run down significantly" as the bank tries to recover from loan losses. "Whether or not we completely write it off I'm not sure." chairman Stephen Green said
      Bloomberg; BLOOMBERG  -  371 words
    • 516 22 Reuters [HONG KONG] Foreign investors are fed up with repeated policy fumbles and flip-flops by Thailand's financial authorities to the point that many shun Thai markets and consider selling existing holdings. International money managers said yesterday that the latest confusion about whether Thailand's central
      Reuters; AP  -  516 words
    • 381 22 Reuters [LONDON] The global hedge fund industry's assets swelled by more than 30 per cent in the year to January to pass US$2 trillion, according to research from news and data provider Hedge Fund Intelligence. The research, which covers more than 5,000 single
      Reuters  -  381 words

  • Page 23 Advertisements
    • 799 23 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF H Q ASIA VENTURES LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company Registration No. *****1933 C) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts
      799 words
    • 1806 23 In The Matter Of The Companies Act. Cap. 50 And In The Matter Of Tioman Island Resort Ferries Pie Ltd Company Reg. No. *****4565K (In Members' Voluntary Liquidation) Member*' Voluntary Winding Up At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 18
      1,806 words
    • 86 23 THE BVI BUSINESS COMPANIES ACT, 2004 GRANDEUGHT INTERNATIONAL INC. (IN VOLUNTARY UQUIDATION) Notice is hereby given that in accordance with British Virgin Islands Business Companies Act, 2004: a) GRANDELIGHT INTERNATIONAL INC. is in dissolution; b) The date of commencement of the dissolution is 5 March 2007; c) Chia Soo Hien
      86 words
    • 1625 23 SUNNINGDALE TECH LTD. (Company Registration No. *****8621R) Incorporated in the Republic of Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of the Company will be held at the Grand Hyatt Singapore, Ballroom 1, Level 2,11 Scotts Road, Singapore *****1, on Tuesday, 17
      1,625 words
    • 110 23 IN THE MATTER OF COMPANIES ACT, CAP 50 AND IN THE MATTER OF EBT ENGINEERING (S.EA.) PTE LTD (REG. NO.: *****2370N) (IN VOLUNTARY UQUIDATION) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50 the Final Meeting of the Company will be held at 101
      110 words

  • AVIATION
    • 636 24  -  Aviation industry is responsible for just 1.6% of global emissions, he says By VEN SREENIVASAN [SINGAPORE] Emissions taxes, carbon offset programmes and emissions trading schemes imposed on the aviation industry are misguided, unrealistic, offensive and morally objectionable, Singapore Airline's chief
      636 words
    • 304 24  -  By GEORGE JOSEPH [SINGAPORE] KLM Royal Dutch Airlines is the latest to introduce the Boeing *****0ER to its service into Singapore. It has joined partner airline Air France in flying the popular aircraft here. The Boeing 777 is a family of five passenger models
      304 words
    • 426 24  -  Freighter version takes off in 2009; passenger, in 2010 By VEN SREENIVASAN [SINGAPORE] While its European rival was trying to deal with noisy protests from workers threatened with layoffs, Boeing was quietly cruising past a new milestone for its 8747 planes
      426 words
    • 372 24 Reuters [SYDNEY/TOKYO] Bidders for Qantas Airways Ltd remained in talks with their banks and key shareholders yesterday as they sought to salvage a US$B.7 billion takeover offer for the Australian airline. The bid consortium has approached banks financing the deal to negotiate
      Reuters  -  372 words
    • 358 24 Bloomberg [KUALA LUMPUR] Fly Asian Xpress, a Malaysian airline that's starting a long-haul budget carrier, plans to sign an agreement on April 17 to order around 15 aircraft, prompting speculation that Airbus SAS will win the contract. The aircraft, valued at
      Bloomberg  -  358 words
    • LOG BOOK
      • 50 24 AP [SANTIAGO] A Chilean jetliner approaching New Zealand came within 20 seconds of being hit by blazing objects hurtling down to Earth, New Zealand aviation officials said yesterday. US space officials said it was most likely a close encounter with a disintegrating meteor. —AP
        AP  -  50 words
      • 80 24 AP [SHANGHAI] China will likely seek foreign partners in developing a large domestically produced commercial aircraft, an aviation industry executive was quoted yesterday as saying. The Shanghai Daily said China's government plans to set up an entirely new company to take on the
        AP  -  80 words
      • 53 24 Reuters [LONDON] British Airways pic is contemplating a £1 billion (552.98 billion) bid for smaller rival bmi, according to two newspaper reports on Wednesday, which BA declined to comment on. "We do not comment on rumour or speculation," a BA
        Reuters  -  53 words
      • 63 24 AFP [RIO DE JANEIRO] Brazil's low-cost airline GOL said on Wednesday it agreed to buy former national flag carrier Varig for US$32O million, forging a group expected to carry 320 million passengers a year. Controlling shareholder GOL Linhas Aereas Inteligentes agreed to buy
        AFP  -  63 words
    • 2136 24 OTT WKWT n* WWT iTP ffisar jam "1750 LH9770 2345 a R 1750 S0269 2345 i sas ££5 SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 S5=i 8% ffl A32» *3202 2*rt ASS! Mi AacBaai W gSl UL2433 0150 EK432 2120 SQ2S2 0645 UL2432 2120 LH9767
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  • SHIPPING
    • 459 25 Strike blocking dozens of ships, tankers; could shut half of refineries by next week Reuters [LONDON] Nearly 6 per cent of European refining capacity is now shut as the French oil port strike adds to output cuts due to planned maintenance
      Reuters; AP  -  459 words
    • 454 25 Reuters [HONG KONG] China Cosco Holdings said yesterday it was in talks to buy bulk carriers from its parent shipping company, China Cosco Group, after posting a worse-than-expected 63 per cent fall in second-half earnings. The listed company, the
      Reuters  -  454 words
    • 809 25  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE grounding of the Singa-pore-flagged woodchip carrier Crimson Mars in Tasmania last year could have been prevented if simple precautions had been taken to ensure that conning orders were carried out correctly by the helmsman. An investigation report released earlier this month
      809 words
    • 392 25 Reuters [PASIR GUDANG. Malaysia] Malaysian shipper MISC Bhd aims to ramp up revenue from its oil-rig engineering business after building its first deepwater oil-production platform, its chief executive said yesterday. MISC, the world's largest carrier of liquefied natural gas, expects to more than triple
      Reuters  -  392 words
    • 225 25 AFP [SYDNEY] Three people were killed and a 14-year-old girl was missing after a Sydney Harbour ferry smashed into a boat carrying leading members of Australia's ice-skating community. Two interna-tional-level skating judges were among the dead and a former Olympian had her leg amputated
      AFP  -  225 words
  • Page 25 Advertisements
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    • 85 25 PENG KWEE 01-45 A PENINSULA PLAZA 6334 0155 02-90K PEOPLE'S PARK COMPLEX 6327 4628 01 -44 PEOPLES'S PARK CENTRE 6533 4619 01 -45 BENCOOLEN 6333 1921 01 -46 PENINSULA PLAZA 6334 5929 01-51 ORCHARD PLAZA 6836 6608 01-53 LUCKY PLAZA 6732 3243 0% Interest Instalment plan for Credit Cards available
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  • EDITORIAL & OPINION
    • 536 26 EDITORIAL IT is the duty of any national defence agency to protect its country against outside aggressors, but there is a fine line between "identifying" and "creating" potential aggressors. Any country which is held to be a threat, in theory, to another nation's security can actually
      536 words
    • 1183 26  -  Economists differ over whether large trade gaps are a drag on America's economic growth LEON HADAR Washington Correspondent LOU Dobbs is neither a member of the US Congress nor of President George W Bush's Cabinet, and he has no plans to run for
      BLOOMBERG  -  1,183 words
    • 751 26  -  THE BOTTOM LINE NEIL BEHRMANN London Correspondent THOSE who contend that commodities are a good investment rather than a speculative punt had better read a lengthy report of the UK Financial Services Authority (FSA). The report covering "risks and challenges for commodity market participants" spells out
      751 words
    • 866 27  -  Will the sub-prime mess prove to be a minor blip for the economy or is it the first chapter in a larger horror story? ROBERT SAMUELSON The Washington Post Writers Group Remember the bank panic of 1907? Probably not. But revisiting it
      The Washington Post Writers Group; BLOOMBERG  -  866 words
    • 210 27  -  LETTERS TO THE EDITOR Karen Tan Director (Corporate Communications Division) Ministry of Health IN the letter. "Fee hikes for needy should be reviewed" (BT. March 23). Mr Leong Sze Hian stated that government operating expenditure on health as a percentage of total government operating
      210 words
    • 372 27  -  Tony Howard I REFER to the widely covered changes to Singapore Airlines' PPS Club. Frequent travellers would now realise that SIA is expecting travellers to pay more for less. There is essentially no benefit from spending $25,000 a year to join the
      372 words

  • Page 27 Advertisements
    • 103 27 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to bttetterOsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
    • 1617 27 f BONVESTS HOLDINGS LIMITED I VhMtf' (Incorporated in the Republic of Singapore) Viw (Registration No.: *****0282 M) NOTICE OF ANNUAL GENERAL MEETING NOTICt IS HERESY OIVEN (hat the Thirty-Eight Annual General Meeting of the Company wit be held at Sheraton Towers Singapore, 39 Scotts Rood, Topaz Room, Laval 2, Singopore
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  • 6981 29 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local carr In SJ In USS dy %yr X dy %yr dy %yr lnd«» Change Chang* Pang Changa OwMt Ownoa Wcxid Inde* Preliminary 1114.6 -0.6 13 0.2 0.9 -0.4 1.9 EAFE Preliminary 1129.1 -0.6 1.9 -0.1 23 -03 33 Europe Preliminary 1519.4
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  • Page 30 Advertisements
    • 866 30 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TIB/NAN AURORA SAPPHIRE CAM/NFK/NOl/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.E./S.EJL SERVICE Destination Destination PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT mmrniftiAAii iwr/RCKJ PAN DYNAMIC ADN/JDH/BJA Cj^UCX ,U lAM INC/BSN VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E.
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    • 559 30 pi DONGNAMA LINE VESS& (IVBT SUN) VOT SOT HKG KOTAHARTA HTA47O 01/04 05/04 ROTANAOMH HU2SS 01/141 12/04 VtSSR (IVBT SUN) VOT SGT MM TIT TO ROH RK&URBTT ***** 01/04 OS/04 09/04 10/04 12/04 MOtratniC ***** 00/04 12/04 14/04 17/04 19/04 VESSaOVBYRD VOT SOT HKG OK IBM PUS SMOROR SCOW. TOM
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    • 607 30 m mm io at jct SIUmEXf«£SS7 10 4J 01/04 05/04 00/04 10/04 snum EXftcss x it 15/w i»/w 22/04 24/94 yggyvcnr I umm I mum I u» an srt mm. m m rasnMiiAoa/m ioo sj owj 07-07/n im/03 »«/os 23-25/03 27-27/03 NBM/M2 101 SJ 13-IVH 01-01/W IM|M t OS4K/M OMI/N
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  • Page 31 Advertisements
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    • 903 31 US' r'|Tpsri«|:^^ m ■"gKT) UhhgQtD SBMfclfOß VUMVOCTOR fcgj EVERETT ASU LINE PTE. LIP. Of EAST J ■IWBII/ mwoN/ HMDU/ g»iyu 1 mw 10 ommtow/ Him*/ NLV. KARANA SURBHAN" V. EALO4 LIFTING CAPACITY: 60 TONS <WBP EIA SIN 15/4/2007 EM YUKON 20/4/1007 MV HAGWMY' V. 20 UFHN6 CAPACITY: SO TONS Eft
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    • 174 31 m iwfaM BREAKBULK CONVENTIONAL SERVICE MRICT SERVICE FROM S PORE TO KARACHI [VBSa I VOTAGI ITASMGAPOU ETA KARACW I lISLAMAIAO I TU 15.05.2007 2SJHJOO7 liw 1 TU I WW IftMlWri Wip* SEA-PAC MANAGEMENT PTE. LTD. 70 Amon Rood #17-07/0® Apex Towar, Singapore *****5 Uj TalaplianM *270 0977 vl FauimOM *275
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    • 612 31 1(H) WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS tm w n ww m Imwl mm m w muruum tm M*w pih www w own n<w 11 m um now am «S0 IfIVM m 10 amat NMBM t KM («M fIOUMOI HMU («H H fl«v«i
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  • THE BUISNESS TIMES SHIPPING TIMES
    • 6310 32 This sm s«r« ttmSm T ar "Jo ABIDJAN (ABJ) 2003 Cote D'lvoire 06/04 I(¥05 OekHS EUSAOBMAS 716W *****344 06/04 1MB Details EUSAOBMAS 71CW *****344 1&04 17/05 Maus DELMASIAUOM 717W *****344 lb ABU DHABI (AUH) 2004 U. A. Emirates 07/04 21/04 SO SO OVA 713W
      6,310 words
  • Page 32 Advertisements
    • 369 32 IRISL, Qfb® to 9dm JMsMfe BeEfy (°K§(3®(p()B (&°mifa3iimjjfcs3(°l (seurgj® ©oa Qfhjt&ygjlh MM ®fi tkxsNing) {fexr Q® HtmltiiMsl (pGfitßite San Qoratja <33 wMJ <m (to @do§o <2®U!)tni)Qti®3 faa Qlh® (k&Qmi) Maim* SINGAPORE RE6HNUL OFFICE: AOENT M SINGAPORE: AGENT M MALAYSIA: AGENT IN INDONESIA: IRISL ASIA PTE LTD SWOSE MARITIME PTE LTD
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  • executive lifestyle
    • 1579 34 While China's newly rich are buying hack their heritage at auction houses, collectors are also putting their money on shipwreck chinaware, says CHEAH UI-HOON CHINESE ceramics are currently heating up the international auction market in tandem with the growth in Chinese wealth, and with it interest in the
      1,579 words
    • NIGHT OUT/WINE
      • 564 35  -  NIGHT OUT The S'pore Fashion Festival's post-show party scene lacks buzz, says MELISSA LWEE MELISSA LWEE WHAT'S a fashion show without some heavy duty partying after it? Yet with the Singapore Fashion Festival in full swing since it opened last Friday, the post-show
        564 words
      • 1047 35  -  By N K YONG THE viticultural region of Maremma stretches southwards along the Atlantic coast of Italy, from Livorno to Piombino. Its fame stems from its first super-Tuscan, Sassicaia, whose 1972 swept the board in the famous Decanter tasting of claret-style wines that Hugh Johnson organised
        1,047 words
      • 476 35  -  By MELISSA LWEE NEXT time you order the house pour at your favourite club, give some thought to where that puts you on the Hip scale. Cocktails are the tipple du jour, and the fancier, the better. With a growing
        476 words
      • 173 35 CocoTofffM CreamTini ($18): This is one for the ladies. A secret blend of premium liquers that is so creamy and luxurious, it is like drinking a sinful desert. Where: Day Bed Bar, 15 Mohammed Sultan Road Black Blueberry FruiTini ($18): Premium black Spanish vodka
        173 words
    • ARTS
      • 1127 36  -  Colbert's works are records of poetic interactions between animals and humans, says PARVATHI NAYAR PARVATHI NAYAR THROUGH his art, he seeks to bring the world of nature to your doorstep: it's an ambitious desire, but one that's been achieved by artist Gregory Colbert, thanks to his travelling
        1,127 words
    • ARTS/CINEMA
      • 508 37  -  'Phantom' has all the elements of a Gothic melodrama, says PARVATHI NAYAR PARVATHI NAYAR THINGS get out of date so quickly in today's world, so it's with a certain amount of scepticism that you go to see a musical that's at least 20 years old,
        508 words
      • 415 37  -  By PARVATHI NAYAR WHETHER a trick of nostalgia, or a genuine human aspiration, many of us vaguely long for a return to times when life was simpler. However, artist Christine Mak says she has actually given tangible shape to this desire for
        415 words
      • 526 37  -  By GEOFFREY EU IN all likelihood, the veteran director Joel Schumacher set out to craft a taut psychological thriller about a man who becomes obsessed to the point of paranoia with a particular numeral. Unfortunately, he ended up instead with The Number 23. an insipid
        526 words
      • 280 37  -  DVD By PARVATHI NAYAR IN AN era of political correctness and safe films, Thank You for Smoking feels like a breath of fresh air. Though Smoking's protagonist, tobacco lobbyist Nick Naylor (Aaron Eckhart), would prefer it was a smoke-laden lungful. Eckhart plays his morally flexible character
        280 words
      • 447 37  -  By SANGEETHA MADHAVAN FOR fans of legendary French chanteuse Edith Piaf, it was a surfeit of the good .stuff. No Regrets. A Tribute to Edith Piaf. directed by French expatriate Nathalie Ribette under the banner of newly launched group Sing'theatre, reprised its line-up
        447 words
      • 300 37  -  By PARVATHI NAYAR DYSFUNCTIONAL families as surefire creative material for critical acclaim, the paper-thin skin of movie stars, "pure" indie films just waiting to be corrupted by Oscar buzz: This is the stuff mined in For Your Consideration by Christopher Guest who has carved out
        300 words
    • Making Time
      • 995 38  - 2007 watches an early bird preview LARRY WEE serves up a dozen creations to whet your appetite before the Swiss watch fairs next month LARRY WEE EACH year in April, watch-lovers' pulses quicken noticeably and their throats mysteriously dry up constantly, as they eagerly await the release of the latest
        995 words
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  • Page 36 Advertisements
    • 205 36 Sown meg* errue*! ***** BK*omai Co Lil i> i§* -4v y \i s w*.,'-s-,ii- -i I Iff •Y* ■■H >:,- V« .-,< <■ imagine having all the cards in your Not just 3.5G, but also WI-FI connectivity. Not just lightweight looks, but a!iso heavyweight performance with Mterosoft Push E-Mail and
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  • Page 37 Advertisements
    • 53 37 ®Herman Miller eames a a true classic the eames aluminium group lounge chair ottoman www.hermanrnller.corn/eameBaluminium usual $7444 I now $4999* m v m|||l iuppoft uth rtsC d signs X-tra living 9 penang road 01 -01 park mall 1336 0688 e living©xtra.corn.sg wmm X-tra vivo 1 habourfront 02-12 vtvodty ***** 9667
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  • Page 37 Miscellaneous
    • 316 37 CRYPTIC CROSSWORD 7 Flag flying when sovereign is on board (8) P P 9 Militant female banker in ii-_i— S.America (6) 11 Arrangement welcomed by aspiring priest (10) 12 Little time to publish paper (6) ""^1 14 Model city sure to offer peace I I I I I I I
      316 words

  • Page 38 Advertisements
    • 88 38 More than 250 years of uninterrupted history MALTE CHRONOGRAPHE W Caliber 1141 handwound mechanical movement. Column-wheel chronograph mechanism. Telemetric scale with 1-kilometer graduations 1 and tachymetric scale; 30 minute totalizer. Manually engine-turned dial with applied hour markers and a subdial for the seconds. O g Diameter 41.5 mm. Sapphire-crystal caseback.
      88 words
    • 10 38 This series is brought to you by SINCERE watch academy
      10 words