The Business Times, 24 May 2008

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Microfilm: NL29367
Total Pages: 20
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES weekend SINGAPORE 85 cents 9M A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 May 24-25,2008 online at http://www.businesstimes.com.sg
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  • Article
    Lock icon Live, Work, Play at a neighbourhood near you
    1227 1  -  ARTHUR SIM With Draft Master Plan, ambitious concept is taken further afield to Kallang and Paya Lebar By [SINGAPORE] The Urban and Redevelopment Authority's (URA) Live, Work and Play mantra has been so successful in the Downtown Core precinct as evidenced by
    1,227 words
  • Article, Illustration
    Lock icon SMOKE ON THE WATER
    104 1  -  Joseph Nair ON water and on fire, Water Fools by French art collective Ilotopie lit up the Singapore River as the opening act of the Singapore Arts Festival 2008. Performing for the first time in Asia, the aquatic spectacle is performed entirely upon water. The surreal
    JOSEPH NAIR  -  104 words
  • Article
    Lock icon Growth looks on track despite hike in inflation forecast
    626 1  -  ANNA TEO Govt raises 2008 inflation estimate to 5-6% By [SINGAPORE] Inflation has hit 7.5 per cent and may average 6 per cent for the year, but economists believe the rising prices will not derail Singapore's growth. The government yesterday raised
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      48 1 fIHL _^M^^^ RAFFLES F1 WATCH §k |pt TRAVEL FOOD CONVERSATION Short on circuit, Are you with the Thenonm -Tjl Siemens'straight shooter long on pleasure S^J w5 Disney Party? conformist chefs 1 I PAGE 3 PAGE 15 XWJ^l^Sm PAGE 19 PAGE 20 1 A SATURDAY with Ludwig (Jh fl||jff
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      23 1 VERDICT Pedra Branca goes to Singapore Middle Rocks awarded to Malaysia South Ledge belongs to country in whose waters it is in ___—.^^fc^——
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  • TOP STORIES
    • Article, Illustration
      Lock icon S'pore gets sovereignty over Pedra Branca
      656 2  -  CHUANG PECK MING Middle Rocks awarded to Malaysia in long awaited ICJ decision By [SINGAPORE] A longstanding dispute between Singapore and Malaysia over Pedra Branca and its maritime outcrops has reached a final resolution. In a judgment in The Hague yesterday, the International Court
      ST GRAPHICS  -  656 words
    • Article
      Lock icon New info on open-market sales casts doubt on Soh's Jade stake
      614 2  -  LYNETTE KHOO By [SINGAPORE] More information has emerged on shares in Jade Technologies held by former group president Anthony Soh, fuelling concerns about the actual stake he held when he launched a takeover offer for Jade that was subsequently
      614 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Whistle-blowing laws needed in S'pore now
        61 2 SINGAPORE needs legislation to protect whistle-blowers if it is serious about reducing fraud in the workplace and meeting international standards, say a group of professionals. "Singapore is like a Third World nation when it comes to the protection of employees' rights," says MakYuen Teen
        61 words
      • Article
        Lock icon Bukit Sembawang posts $74.9m profit
        40 2 BUKIT Sembawang Estates has recorded a net profit of $74.9 million, up 124 per cent, for the fiscal year ended March 31, 2008. Turnover rose 30.4 per cent to $75.6 million. COMPANY NEWS, PAGE 5
        40 words
      • Article
        Lock icon Export growth forecast lowered to 2-4%
        66 2 ANTICIPATING a slowdown in the global economy, trade promotion agency International Enterprise Singapore has trimmed its forecast for this year's non-oil domestic export growth to 2-4 per cent from an earlier 4-6 per cent. But it has maintained its forecast for overall trade growth
        66 words
      • Article
        Lock icon Kallang to be turned into lifestyle hub
        62 2 THE spotlight has turned from Marina Bay to the greater surrounding district, as the Urban Redevelopment Authority (URA) lays out plans to turn Kallang into the next waterfront lifestyle precinct. Called Kallang Riverside, the new growth area is planned as a "lifestyle destination"
        62 words
      • Article
        Lock icon China embarks on telecoms sector revamp
        53 2 CHINA has begun reorganising its telecommunications industry, allowing the world's largest mobile-phone company to start fixed-line services in a series of changes aimed at spurring competition. China Mobile Communications Corp will take control of fixed-line operator China Tietong Telecommunications Corp, Xinhua reported yesterday. GREATER
        53 words
      • Article
        Lock icon India set to raise fuel prices
        77 2 INDIA is set to raise petrol and diesel prices to keep pace with crude oil's record run but the move will fuel inflation, heaping more pressure on a government struggling to calm prices ahead of elections. This comes even as the government announced that
        77 words
      • Article
        Lock icon Paulson's job growth forecast overstated: poll
        79 2 US Treasury Secretary Henry Paulson's prediction that tax rebates will create half a million new jobs this year may come up short as the impact of the stimulus fades, according to a survey of economists. At stake for Mr Paulson's boss, George W Bush,
        79 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      124 2 LES COTES DE BORDEAUX B ORDEAUX A Gastronomic Affair with Les Cotes de Bordeaux Featuring cuisine-inspired from South-western Bordeaux gastronomy, complemented by its regional wines. Experience mingle with wine proprietors Chef-owner of famed bistro La Tupina, Mr Jean-Pierre Xiradakis cr SslBB++ per person Cs b, les am,s (Including pre-dinner tasting
      124 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Siemens' straight shooter
      1451 3 'I strongly believe in managing by walking around/ Peter Loescher Siemens CEO Peter Loescher was recruited last year when the group was struggling to cope with a damaging bribery scandal and poor financial results. He talks to KENNETH JAMES about what he is doing to transform the
      ARTHUR LEE  -  1,451 words
    • Article
      Lock icon A love affair with Asia
      582 3 ONE hundred years in Singapore. That is the proud boast of Siemens AG, which commemorates its 100 th anniversary in the island republic this year. For Siemens CEO Peter Loescher, who was here last month to celebrate the milestone, it is a celebration of 100
      582 words
    • Article
      Lock icon Raffles Hotels & Resorts
      97 3 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Ranked second among the world's top hotel brands in the 2006 Conde Nast Traveler Business Travel Awards, Raffles Hotels Resorts is a collection of luxury hotels that distinguishes itself through the highest
      97 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Whistle-blowing laws needed in S'pore now
      638 4  -  MICHELLE QUAH Professionals say this will show corp governance issues are taken seriously By SINGAPORE is in desperate need of legislation to protect whistle-blowers if it is serious about reducing fraud in the workplace and bringing itself up to international standards, say a group
      638 words
    • Article, Illustration
      Lock icon Did Anthony Soh make Jade Tech offer in good faith?
      813 4  -  R SIVANITHY COMMENTARY FOR everyone who has followed the bizarre and convoluted saga of Anthony Soh's failed bid to take over Jade Technologies, the latest disclosure by Jade is nothing short of shocking. On Thursday night, the company said that
      813 words
    • Article, Illustration
      Lock icon CK Tangs posts net loss of $2.2m
      335 4  -  AMIT ROY CHOUDHURY By. HIGH start-up costs for Tangs Pavilion in Kuala Lumpur resulted in retailer CX Tangs chalking up a net loss of $2.2 million for the fiscal year which ended on March 31. The loss came on the back of a
      335 words
    • Article, Illustration
      Lock icon High oil gives funds an excuse to take profit
      589 5  -  R SIVANITHY STOCKS Their aim may be to take stocks down to levels at which they can re-enter the market IT HASN'T been a factor for several months but this week, oil has popped up as a major reason to sell
      589 words
    • Article
      Lock icon Bukit Sembawang profit soars to $74.87m
      225 5  -  AMIT ROY CHOUDHURY I By BUKIT Sembawang Estates has recorded a net profit of $74.87 million for the year ended March 31, up 124 per cent over $33.42 million a year ago. Turnover for the property developer came to $75.6 million, up 30.4 per
      225 words
    • Article
      Lock icon SingTel rolls out Bloomberg news services
      194 5  -  ONG BOON KIAT By FINANCIAL news and data agency Bloomberg's real-time news and services are now available to Sing Tel mobile phone subscribers. The service, aimed at business professionals and stockmarket watchers, was launched this week. According to Sing Tel, the Singapore launch is
      194 words
    • COMPANY BRIEFS
      • Article
        Lock icon Hiap Seng net profit down 57% to $6.7m
        84 5 HIAP Seng Engineering has posted a 56.7 per cent net profit drop to $6.7 million for the year ended March 31, 2008. Revenue fell 3.3 per cent to $174.8 million, mainly due to work on several major projects that had started later
        84 words
      • Article
        Lock icon Cortina Holdings posts $9.7m profit
        102 5 NET profit at watch group Cortina Holdings has jumped to $9.7 million for the year ended March 31, 2008 from $3.9 million a year ago. Turnover came to $238.5 million, an increase of 20.5 per cent. Apart from sustained growth in most of its operating
        102 words
    • Article
      Lock icon Optus to bid for Australian broadband network
      306 5 Reuters [MELBOURNE] Singapore Telecommunications Ltd unit Optus said yesterday that it had lodged a bond to enable it to proceed to the next stage of a state tender for a A 59.4 billion (5512.3 billion) Australian fast-speed broadband network, after concerns it had
      – Reuters  -  306 words
    • MARKETS DIGEST
      • Article
        Lock icon PRIME RATES
        29 5 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.729 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.88 INDIA 12.25 Source: Bloomberg
        Bloomberg  -  29 words
      • Article
        Lock icon MARKETS
        46 5 :ri lay lange 1 COMP 1,274.78 -2.79 IIKKEI225 14,012.20 +33.74 1ANG SENG 24,714.07 -329.05 ;et index 875.59 +1.05 JAKARTA COMP 2,465.96 -38.00 1ANILA COMP 2,849.28 +10.70 ;eoulcomp 1,827.94 -7.48 ;henzhenb 535.98 -3.80 IUMBAI IND 16,649.64 -257.47 12N00N EDT Cham )OW 12,504.71 -120.91 IASDAI 2,437.95 -26.63
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      • Article
        Lock icon FOREX
        37 5 IS$ (S$ per US$) 1.360 (USS/SS ier 1.978 2.691 :URO (US$/S$/E) 1.572 2.139 'EN 103.80 76.30 3.216 2.364 m 7.803 5.736 !AHT 32.10 23.59 lUPIAH 9,335 6,862 lENMINBI 6.943 5.104 INDIAN RUPEE 42.81 31.47 1.041 0.765
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    • Article, Illustration
      Lock icon OCBC banks on advisory model for edge
      380 5  -  CHARMIAN KOK By OVERSEA-Chinese Banking Corporation (OCBC) will be able to better help its high-net-worth clients cope with the current market turmoil because of the flexibility and efficiency of its advisory model, according to Olivier Denis, head of Group Private Bank, at the
      380 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      1628 4 ©Shinhan Bank Act And In the Matter of MACH MEDIA PTE LTD (INCORPORATED IN THE REPUBLIC OF KOREA) (In Creditors' Voluntary Liquidation) Company Registration N0.*****1370G (Incorporated in Ihe Republic of Singapore) CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF INCOME notice of resolution December 31,2007 and 2006 For the years ended December
      1,628 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      921 5 rf§) BUKIT SEMBAWANG ESTATES LIMITED (Company Registration Number: *****0177 M) (Incorporated in Singapore on 27 June 1967) Financial Statement and Dividend Announcement Unaudited Results for the Fourth quarter and Financial year ended 31 March 2008 The Directors of Bukit Sembawang Estates Limited announce the unaudited results of the Group and
      921 words
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  • PERSONAL INVESTMENT
    • Article
      Lock icon BROKERS' TAKE
      1074 6  -  CONRAD TAN UMS Holdings May 23 close: $0,255 OCBC Investment Research, May 23 UMS Holdings posted yet another set of weak quarterly results last week, with turnover down 31 per cent y-o-y (and down 20.1 per cent q-o-q) to $25.1 million, again dragged down by reduced contributions from
      1,074 words
    • Article
      Lock icon SHOW ME THE MONEY
      701 6 Where are the returns from? Top performing stocks in Singapore in last five years Mktcap Bookvalue Bookvalue PTB (S$'m) per share per share five years 5 yrs ago now ago (x) PTB now (x) PE 5 years ago (x) PE now (x) ROE 5 years ago
      701 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1010 6 For week beginning May 19 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000] China Paper 22-May-08 Li Pengju Buy 1450 na 0 0.00 1450 0.36 BBR Hldgs (S) Ltd 22-May-08
      1,010 words
    • Article, Illustration
      Lock icon Top S'pore stocks' returns dissected
      1098 6  -  TEH HOOI LING LAST week, I listed down stocks with the highest returns in the last five years and tried to analyse how much of the returns came from dividends and how much from capital gains. Most of the returns, of course, came from capital
      1,098 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Export growth forecast lowered to 2-4%
      533 7  -  CHUANG PECK MING Fears of slowdown prompts cut but overall trade growth outlook still at 6-8% By ANTICIPATING a slowdown in the global economy, trade promotion agency International Enterprise Singapore has trimmed its forecast for this year's non-oil domestic export growth to 2-4 per
      E Singapore  -  533 words
    • Article
      Lock icon April CPI up 7.5% year-on-year
      268 7 FOOD prices rose 8.5 per cent year-on-year in April, due mainly to dearer cooked food, milk products and some other items, the Department of Statistics said yesterday. On the whole, last month's consumer price index (CPI) jumped 7.5 per cent from a year earlier. The
      268 words
    • Article, Illustration
      Lock icon JettB replacing ageing freighters with newer planes
      429 7  -  YEN SREENIVASAN By SINGAPORE'S only privately owned cargo airline, JettB Airlines Cargo, has started replacing its ageing Boeing 747-200Fs with newer-generation and more fuel-efficient 8747--400 ERF (extended range freighter) aircraft. The airline has inked a one-year wet lease agreement for one 8747-400 ERF
      429 words
    • Article, Illustration
      Lock icon Superworld Electronics heads Stanchart list of top SMEs
      347 7  -  CONRAD TAN By STANDARD Chartered Bank yesterday published a list of Singapore's top 100 small and medium-sized businesses, based on the returns generated for shareholders. Superworld Electronics, which makes magnetic products such as transformers and adapters for electronics manufacturers, topped the list,
      347 words
    • Article, Illustration
      Lock icon Finance sector pain likely to be limited
      534 7  -  LYNETTE KHOO ECON SURVEY Growth eased to 13.4% in the first quarter By THE Monetary Authority of Singapore said yesterday that despite recent headwinds in the financial services sector as institutions review headcounts and business lines, the slowdown is unlikely to be significant.
      534 words
    • Article
      Lock icon Electronics a smaller share of exports now
      358 7  -  LYNETTE KHOO By THE electronics cluster now accounts for a smaller share of exports as Singapore diversifies its trade basket. Also, dependence on traditional export markets for this sector has also diminished with the emergence of new markets, says the Ministry of Trade
      358 words
    • Article, Illustration
      Lock icon Innovation centre for precision engineering firms boon for SMEs
      311 7 A $15 million innovation centre to help precision engineering manufacturing companies, particularly small and medium enterprises (SMEs), leverage on technology for growth was officially opened yesterday. The centre a joint initiative by A*STAR and Spring Singapore is co-locat-ed with the Singapore
      311 words
    • Article, Illustration
      Lock icon Kallang to be turned into a lifestyle hub
      694 8  -  EMILYN YAP and DRAFT MASTER PLAN 2008 KALLANG RIVERSIDE Called Kallang Riverside, it will have new homes, hotels and offices By ARTHUR SIM THE spotlight has turned from Marina Bay to the greater surrounding district, as the Urban Redevelopment Authority (URA) lays
      694 words
    • Article, Illustration
      Lock icon Spotlight falls on Paya Lebar Central as suburban star
      710 8  -  EMILYN YAP By PAYA Lebar Central is set to become the next suburban commercial hub under the Urban Redevelopment Authority's (URA) Draft Master Plan. And if market observers are right, the area may emerge as the newest hot spot for backroom
      710 words
    • Article
      Lock icon Plot ratio increases not needed for now
      371 8 THERE are no major plot ratio revisions in the latest Draft Master Plan because there is no need. Speaking on the sidelines of the launch of the Draft Master Plan (MP) 2008 exhibition, Minister for National Development Mah Bow Tan said yesterday the
      371 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
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      27 words
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      Lock icon Page 8 Advertisements Column 2
      73 8 BE THE FIRST TOKNOW Breaking 1 flews 1 smsniert/ Monthly Subscription Rate English SMS Alert Business Finance News @$5.35/mth Singapore News @$4.28/mth World News @$4.28/mth Chinese SMS Alert Chinese News @$4.28/mth Soccer Info/News @$5.35/mth Dial #155 to sign up now and enjoy the first 30 days' subscription FREE! Service exclusive
      73 words
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      Lock icon Page 8 Advertisements Column 3
      53 8 ERP gantry locations and prices Live traffic news Building name and block numbers Shortest and quickest routes Shopping Centres B retiring ■^^^^^^Zjj^^^_ V■* r-^ I.J-.. I Plan your next journey with Rednano. Get the most updated and accurate geographical information in the Lion City. Whatever you're looking for in Singapore.
      53 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Mahathir keeps up attacks on PM after quitting Umno
      443 9  -  S JAYASANKARAN National Front will lose power if Abdullah carries on being PM, he says By in Kuala Lumpur FORMER premier Mahathir Mohamad, 83, is becoming unrelenting in his quest to remove Prime Minister Abdullah Ahmad Badawi from office. Since he
      AFP  -  443 words
    • Article, Illustration
      Lock icon Indonesia targets 17% cut in gas emissions by 2025
      565 9 Reuters Move puts pressure on rich countries to set their own targets [TOKYO] Indonesia plans to cut greenhouse gas emissions from its energy sector by 17 per cent by 2025, its environment minister said on Friday, a move that could boost
      – Reuters; BLOOMBERG  -  565 words
    • BRIEFLY ASIA
      • Article
        Lock icon Texchem delays listing units on SGX
        53 9 [KUALA LUMPUR] Penang-based Texchem Resources is delaying plans to float two divisions on the Singapore Exchange due to uncertainties in the global economy, Malaysia's Business Times reported. It listed its packaging arm, Texchem-Pack Holdings, in Singapore in 2006 and plans to float two more
        53 words
      • Article
        Lock icon Indonesia to increase fuel prices
        92 9 Bloomberg [JAKARTA] Indonesia will increase fuel prices by more than a quarter today, the first increase in almost three years, to cut subsidy costs and lure investors back to the nation's bonds and currency. Indonesia will raise the price of petrol by 33 per cent
        – Bloomberg  -  92 words
      • Article
        Lock icon India expands debt write-off scheme
        76 9 Reuters [NEW DELHI] India yesterday expanded the scope and scale of an ambitious scheme to write off the debts of small farmers, saying that it would now cost an additional 60 billion rupees (Ssl.9 billion) and cover three million more poor cultivators. The scheme would
        – Reuters  -  76 words
      • Article
        Lock icon Preferred bidder for Wing Lung picked
        59 9 Bloomberg [HONG KONG] China Merchants Bank, China's fifth largest by market value, was picked as the preferred bidder for Hong Kong's Wing Lung Bank, paving the way for the city's biggest banking acquisition in seven years. Wing Lung chairman Michael Wu and his family
        – Bloomberg  -  59 words
    • Article
      Lock icon Malaysia to review security law: report
      314 9 -AFP [KUALA LUMPUR] Malaysia will review its tough co-lonial-era security regulations, which allows for indefinite detention without trial, but will not abolish it, a top minister said in a report yesterday. Zaid Ibrahim, a minister in the Prime Minister's Department, said that the government's
      -AFP  -  314 words
    • Article
      Lock icon BURSA MALAYSIA
      2246 9 lay 23 RM COOO) ASM Realty 0.70 \bricBhd 0.13 advance Synergy 0.12 Adventa Bhd 1.28 AeMuIti Hldgs 0.22 Win Holdings 2.07 Ahmad Zaki Resou 0.92 AicCorp 0.53 \irasia Bhd 1.09 Akn Technology 0.51 alliance Financi 3.14 aluminium Co 1.05 Amalgamated Ind 0.62 tamb HldgsBhd 3.90 Amtel Holdings 0.74
      2,246 words
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  • GREATER CHINA
    • Article
      Lock icon China embarks on telecoms sector revamp
      592 10 Bloomberg Move made to spur competition, prepare for 3G service roll-out [BEIJING] China began reorganising its telecommunications industry, allowing the world's largest mo-bile-phone company to start fixed-line services in a series of changes aimed at spurring competition. China Mobile Communications Corp will take control
      – Bloomberg  -  592 words
    • Article
      Lock icon HK civil servants set to get pay hikes
      562 10  -  JANE MOIR Some fresh grads also looking at higher salaries By in Hong Kong WHILE the gap between rich and poor in Hong Kong continues to grow, at least two sectors had cause to celebrate this week as civil servants took a
      562 words
    • Article, Illustration
      Lock icon Rebuilding quake zone likely to take 3 years
      422 10 AFP, Bloomberg [DUJIANGYAN] China said yesterday that it would take up to three years to rebuild its earthquake zone as the death toll from the nation's worst disaster in a generation surpassed 55,000. The government also warned that millions of survivors were
      AFP, Bloomberg; AFP  -  422 words
    • Article
      Lock icon Christie's HK auction may fetch HK$1.7b
      529 10 Bloomberg But destruction from Sichuan quake could sap buying interest [HONG KONG] A Yue Minjun painting on China's Tiananmen Square crackdown and a 101-carat diamond are among the top lots of Christie's International's spring auction in Hong Kong, starting today, which may tally HKsl.7
      Bloomberg  -  529 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      149 10 1 carouCel j Champaqne m ..s-^ M r I Duval-Leroy Brunch M Best of both worlds as you savour our sumptuous spread CAROUSEL. FOR SERIOUS FOOD LOVERS. T I and enjoy free flow of champagne, house wines and beers. A Indulge in your passion for food at Carousel Singapore's only
      149 words
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  • INDIA
    • Article
      Lock icon India set to raise fuel prices
      480 11 Move unavoidable, but it will put more pressure on govt ahead of polls [NEW DELHI] India is set to raise petrol and diesel prices to keep pace with crude oil's record run but the move will fuel inflation, heaping more pressure on a government
      480 words
    • Article, Illustration
      Lock icon New Bangalore airport opens today, finally
      642 11 NYT [BANGALORE, India] For years, frequent fliers in India's technology hub complained bitterly about having to suffer the indignities of a tattered and tiny airport scrunched in the middle of a busy city neighbourhood. Now, with a new one opening today, people are clamouring
      NYT; BLOOMBERG  -  642 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8319 11 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.939/ Star Europe Bond 1.183/ Star Europe Bal 1.167/ Star Asian Tiger Eqty 1.349/ Star Asia Bond 1.173/ Star Asia Balanced 0.968/ Star Global Technology Fund!** 0.197/ Multi StFd 0.815/ Star Asia Bond(USD) 0.863/ Gib Multi St USD 1.072/
      8,319 words
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  • OIL SPIKE
    • Article, Illustration
      Lock icon Oil oracle predicts US$200 a barrel
      1188 12 Rivals scoffed when Goldman analyst Arjun Murti said the price of crude would breach US$lOO a barrel; nobody is scoffing now [NEW YORK] ARJUN N Murti remembers the pain of the oil shocks of the *****. But he is bracing for something far worse
      REUTERS  -  1,188 words
    • Article
      Lock icon SGX MAINBOARD
      8747 12 Transaction date: May 23 !-wks Tel Low Code Last Sale V lay L Low Bu; .as1 Quote Seller Div C'vr Net P/E I Cap Smil Hii Com[ Hii 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30 12
      8,747 words
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  • WORLD
    • Article, Illustration
      Lock icon Paulson's job growth forecast overstated: poll
      535 13 Bloomberg Effect of tax rebates likely to be short-term, say economists [WASHINGTON] US Treasury Secretary Henry Paulson's prediction that tax rebates will create half-a-mil-lion new jobs this year may come up short as the impact of the stimulus fades, according to a survey of
      – Bloomberg; AFP  -  535 words
    • SGX
      • Article
        Lock icon MOST ACTIVE STOCKS
        58 13 VOLUME JiutianC 90,891,000 Jade Tech 56,592,000 Firstlink 46,799,000 Abterra 44,524,000 Yan. izi ian 41,067,000 Golden Ai Iti 38,189,000 ChinaNTown 36,302,000 CoscoCori iBeCW*****9 35,866,000 Sin. iTel 34,257,000 Cai litaMall 28,817,000 VALUE Sin. iTel 124,640,840 Con 103,813,22. itaMall 96,332,17 lembCori Ind 67,580,740 iBS Gr| 61,823,620 UOB 59,835,940 Cosco Cor|
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      • Article
        Lock icon RISES
        95 13 BY CENTS CLOSE UP JMH 3270 92.5 2.1 JSH 1768 27.2 1.1 OCBCBk4.5%NCPS 100 ***** 20.0 0.2 Total Access 176 19.0 8.6 DBS MBL JCW*****0 605 16.0 2.7 HK Land 477 9.5 1.5 C2O Hid' 37.5 9.5 33.9 lux 370 9.0 2.5 UIC 295 9.0 3.1 WBLCori 528 8.0
        95 words
      • Article
        Lock icon FALLS
        121 13 CLOSE DOWN CLOSE DOWN UOB 1894 -98.0 -4.9 Cai italandRBeCW***** 0.5 -88.9 -4.0 GLD 10US$ 9120 -62.6 -0.5 DBS BNPePW*****6 6 -70.7 -14.5 DBSBk6% NCPS 10 ***** -40.0 -0.4 Cai italanSGAeCW***** 2 -50.0 -2 .i Venture Con 1066 -36.0 -3. Die Hand 0.5 -50.0 -0.5 China H 10US$ 1747
        121 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      94 13 Up Down Unch 5 7 6 Up Down Unch 0 0 0 Up Down Unch 5 7 6 Multi Ind Manufacturim 54 79 10 12 64 87 76 Commerce 15 38 14 19 42 21 itor/ lomms Finance 22 22 Construction 14 12 Yoi Hotel s/Rsts Services
      94 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 13 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 75,578 75,578 192,207 192,207 Manufacturini 504,864 90,654 595,518 375,905 12,060 387,965 Commerce 89,930 29,439 119,369 74,061 8,564 82,625 Tpt/Stor/Comms 113,015 634 113,649 318,852 188 319,041 Finance 21,892 73 21,965 221,377 18 221,395 Construction 18,958 39,217
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      107 13 Capita Land 6.300 -0.060 Olam 2.680 -0.020 CapitaMall 3.370 -0.140 S I A 15.780 -0.020 CityDev 11.040 -0.280 SGX 8.380 -0.130 Cosco Corp 3.360 -0.210 SIA Engg 4.190 -0.030 DBSGrp 19.560 -0.060 SPH 4.340 -0.010 F&N 4.820 ST Engg 3.160 -0.010 Gent Intl 0.580 SembCorp Ind
      107 words
    • Article
      Lock icon BONDS & WARRANTS
      1783 13 BONDS WARRANTS Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left 9092 Asia Environment W*****4 17 -0.5 135 1 38 11 2.91 15 4267 Biosensors DB ECW*****5 23.5 -0.5 100 1 70 4 4015 Capitaland BNP ECW*****2 21 -0.5 12
      1,783 words
    • Article
      Lock icon SGX CATALIST
      2208 13 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      2,208 words
    • Article
      Lock icon SGX XTRANET
      81 13 52-Wk Tel High Low Code Last Sale Vol Cooo) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _H|< 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** *****
      81 words
    • Article
      Lock icon CLOB INTERNATIONAL
      77 13 52-Wk Tel High Low Code Last Sale Vol Cooo] Day |h Low Last Quote Div GrYld Net MCap Buyer Seller C'vr P/E $mil Comi >an' Hi. 136.6 61.9 6000 AVJennings 21.5 6.5 6134 Over&Gen 60.5 17.5 6017 StarCruises 320 199 6019 TanChonglnt A64.5 A9 US20.5 HK233 -1 -1
      77 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon FX trades ease pain of credit market losses
      763 14 Reuters They help Merrill Lynch and Citigroup post record currency revenues in Q1 [LONDON] Financial markets may be going through their toughest time in decades but foreign exchange markets are booming as investors, wary of ailing credit markets, look to the asset
      – Reuters  -  763 words
    • Article, Illustration
      Lock icon US consumer shift from trucks a 'fundamental' change: Ford
      351 14 Bloomberg [DETROIT] Ford Motor Co, battling record petrol prices, concluded in the past few days that a US consumer shift away from trucks is "fundamental", chief executive officer Alan Mulally said. Ford estimates that full-size pickup trucks fell to 9 per
      – Bloomberg; REUTERS  -  351 words
    • Article, Illustration
      Lock icon Myanmar grants entry to all aid workers
      583 14 Bloomberg [NAYPYIDAW, Myanmar] Myanmar's junta dropped its ban on international aid workers carrying out cyclone relief operations in the country, United Nations Secretary-General Ban Xi Moon said, after talks with military chief Senior General Than Shwe. "He has agreed to allow all aid
      – Bloomberg; : I REUTERS  -  583 words
    • Article
      Lock icon Investment firms cutting down on emergency Fed loans
      392 14 -AP [WASHINGTON] Wall Street investment companies are reducing their borrowing from the Federal Reserve's emergency lending programme. The Federal Reserve said in a report on Thursday that those companies averaged US$l4.2 billion in daily borrowing over the past week. That compares with
      -AP  -  392 words
    • Article
      Lock icon Resale of homes dips to a new low
      455 14 Bloomberg LATEST US DATA [NEW YORK] Sales of previously owned homes in the US fell in April, matching a record low and signalling no let-up in the housing recession. Purchases declined one per cent to a higher than forecast annual rate of
      – Bloomberg  -  455 words
    • Article
      Lock icon Moody's shifts debt analysts as banks complain
      220 14 Reuters [LONDON] Moody's Corp's credit rating unit Moody's Investors Service switched analysts from covering deals of particular investment banks after the banks requested changes, the Wall Street Journal said yesterday, citing people familiar with the matter. An analyst in a group that rated
      – Reuters  -  220 words
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  • MOTORING
    • Article, Illustration
      Lock icon Short on circuit, long on pleasure
      514 15  -  SAMUEL EE F1 WATCH The Monaco F1 circuit may be the shortest on the Grand Prix calendar but none can beat its glamour, glitz and wild parties By N uninvited dog is unlikely to mar toA morrow's Grand Prix de Monaco. No, we're not
      514 words
    • Article, Illustration
      Lock icon The ride stuff
      862 15 ARRIVING here from Australia four years ago, Peter MacKenzie found the most striking difference between life in Singapore and life Down Under to be the work culture. "It's a different lifestyle," says the managing director of Chrysler South-east Asia. "Singaporeans are very committed to their work and
      ARTHUR LEE  -  862 words
    • Article, Illustration
      Lock icon Bike to basics
      333 15  -  SAMUEL EE By IF you could vaporise inconsiderate drivers who don't give you enough space on the road, there would be no better way to get to work than on a bicycle. It's a great form of exercise plus it's eco-friendly because there are no emissions. (Well,
      333 words
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  • GOLF
    • Article, Illustration
      Lock icon Where golf is great
      1226 16 More regional and local dream courses are making it to annual best lists in various publications, reports JUSTINE MOSS WINNING awards and accolades and being recognise d and ranked among your peers is an act embraced by individuals and organisations across all platforms, businesses and industries.
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      636 16 Wilie&dilie with weekendßT Mezeßar in town. Complete your meal with an assortment of Strawberry in Herb Bread, Strawberry Mascarpone ambience and contemporary culinary selection makes 999 n i, j v j mr m ,1 c- delicious desserts or a glass of wine from a choice of Brioche Sandwich, Strawberry Short
      636 words
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  • WELLNESS
    • Article, Illustration
      Lock icon New liver cancer drug shows promise
      959 17 Bayer's Nexavar is found to benefit both Asian and Western patients, reports CHEAH UI-HOON LIVER cancer patients can find some hope now in a new drug, Nexavar, that looks set to become the standard treatment for the difficult-to-cure cancer. "Given that there is currently
      959 words
    • Article, Illustration
      Lock icon Scoop up the right supplements for your diet
      1169 17 Some nutritional products eaten as part of a healthy lifestyle regime may aid weight loss, reports CHEAH UI-HOON THERE'S more to the fat accumulated around your belly than you think. The understanding today is that the visceral fat there that leads to
      1,169 words
  • Page 17 Advertisements
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      313 17 CRYPTIC CROSSWORD ACROSS 7 One in a car club (6) 1 Look for quiet in a religious 8 Worker to snoop about the order (6) butler's domain (6) 4 Deposited on the shore -or 11 The country's top people on the rocks (6,2) emerging from Heathrow? 9 Give up playing
      313 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Ensuite bathrooms Grohe hi-tech
      577 18 The Great Singapore Sale, which kicked off yesterday, is traditionally a time when consumers get deep discounts on big-ticket items. But when price isn't an issue, CHEAH UI-HOON looks at the latest and not necessarily discounted designer goods in town FINALLY, digital comes to the bathroom
      577 words
    • Article, Illustration
      Lock icon Electrolux to set up design centre to meet Asian needs
      503 18 EXPECT to see Electrolux appliances which are more closely aligned to Asian and possibly specifically Singaporean needs in the near future, now that the Scandinavian company is setting up a design centre here. The design centre will function as a
      503 words
    • Article, Illustration
      Lock icon Kartell adds Asian designer to team
      329 18 THE presence of an Asian designer in Kartell's team will help strengthen the Italian marque's presence in Asia, Kartell's president Claudio Luti feels. "We've been in Asia for 30 years already. The brand is well established in Japan, where we have three flagship stores,
      SPACE FURNITURE  -  329 words
    • Article, Illustration
      Lock icon Atlas unveils Loewe's lifestyle line
      528 18  -  CHRISTOPHER LIM By FOR many women, the name Loewe conjures images of expensive handbags from the Spanish fashion label. But it has an equally high pedigree in Germany, where a completely different Teutonic company makes high-end televisions, which are carried in Singapore by Atlas Sound
      528 words
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  • TRAVEL
    • Article, Illustration
      Lock icon Are you with the Disney Party?
      777 19 You are, if you've just been to Tokyo's Disney resort, Disney Sea Park, and display tell-tale signs of satisfaction as you recall the thrills of your spills, declares JAIME EE ARE you now, or have you ever been, a member of the Disney Party?
      DISNEY, LUCASFILMS LTD  -  777 words
    • Article, Illustration
      Lock icon Pampering your kids and you, Sheraton-style
      474 19  -  JAIME EE By THERE will, of course, be a time when you are at Tokyo's Disneyland that you have to sleep. And the likelihood is that you will have small children with you. As you do not want to be holed up in an
      474 words
    • Article, Illustration
      Lock icon Let your inner child roam free at this museum
      575 19  -  GEOFFREY EU By AFTER all the exertions that come with an ener-gy-sapping excursion to Tokyo Disney, the Hara Museum of Contemporary Art offers a veritable oasis of calm in a quiet residential district. It is a smart, small-scale and nicely packaged
      575 words
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  • THE BUSINESS TIMES weekend
    • Article, Illustration
      Lock icon Serving edible manifestations of philosophy
      2427 20  -  Jaime Ee In every city you're bound to find a breed of independent chefs bucking culinary trends. The joy of a foodie is to discover such one-of-a-kind restaurant concepts that explore new frontiers. BT Weekend stumbled across three of them in Tokyo, Paris and Melbourne
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  • Page 20 Miscellaneous