The Business Times, 14 April 2006

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Microfilm: NL26653
Total Pages: 28
1 28 The Business Times
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  • TOP STORIES
    • Article
      Lock icon Causeway issue shouldn't cloud bilateral ties: officials
      820 2  -  M'sian politicians back surprise decision while Dr M hits out at move By S JAYASANKARAN MATTHEW PHAN in Singapore POLITICIANS on both sides of the Causeway have expressed hope that bilateral ties will remain good despite the Malaysian government's sudden decision on Wednesday
      820 words
    • Article, Illustration
      Lock icon Exciting times ahead for Robinson & Co
      657 2  - Exciting times ahead for Robinson Co COMMENTARY The Riadys' experience and expertise in retail could be just what Robinson needs LESLIE YEE Senior Correspondent WITH the divestment of its shares in Robinson Company, OCBC Bank comes into line with regulations requiring banks to stick to banking. This leaves CEO David
      657 words
    • Article
      Lock icon MARKETS DIGEST
      131 2 sn 2,***** (-1.87) ST INDEX FUTURES 2,542.00 (-4.00) SIMSa 302.12 (+0.16) SIMSa FUTURES 300.70 (+0.30) MARKETS Thursday Chang*' KLSECOMP 936.34 -5.64 NIKKEI 225 17.199.15 >36.60 HANG SENG 16,429.45 >118.69 SET INDEX dottd JAKARTA COMP 1382.122 >9.728 MANILA COMP dowd SEOUL COMP 1.405.72 >22.13 SHENZHEN» 277.61 -433 MUMBAIINO 11,237.23
      131 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      648 2 A diverse mix of high achievers on PAP's roster DESPITE making much of the need to appeal to younger voters, the People's Action Party has unveiled a cast of new faces who, on the whole, are about 10 months younger than the candidates in the last general election
      648 words
    • Article, Illustration
      Lock icon TRAFFIC STOPPER – ON THE SIDEWALK
      102 2  - TRAFFIC STOPPER ON THE SIDEWALK By Arthur Lee THE ONLY traffic jam in Orchard Road last night was on the footpath, as these sexy models strutted their stuff in colourful bras and flirty mini-skirts. A crowd gathered to admire the beauties outside CK Tang's department store, before they moved on
      ARTHUR LEE  -  102 words
    • Article, Illustration
      Lock icon A diverse mix of high achievers on PAP's roster
      1034 3  -  They are active in community work and half are from the post-independence generation By CHUANG PECK MING [SINGAPORE] They are only slightly younger than the previous crop. The youngest is 30, the oldest, 48. Their average age is 40.3. Despite making
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      194 3 V Our unrivalled range of markets includes thousands of individual shares, plus FX and global stock indices. f/LC\ £L 3ft A PIIQ Opening a position is quick and easy, and all our products are available through our multilingual online platform. \U«) UJ/U 3 110 Go long or short of thousands
      194 words
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  • COMPANY NEWS
    • Article
      Lock icon Two funds to invest $100m for 20% of China Hongxing
      630 4  -  Brokers see upside for sports apparel maker despite rich valuations By VEN SREENIVASAN IN a deal which could power its already outperforming stock to newer heights, sports shoe and clothing maker China Hongxing Sports has attracted two major institutional investors
      630 words
    • Article
      Lock icon A-Reit to focus on properties here in current year
      344 4  -  By ARTHUR SIM ASCENDAS Real Estate Investment Trust (A-Reit) will focus on Singapore properties, for now anyway. Tan Ser Ping, CEO of the Reit manager Ascendas-MGM Funds Management Ltd, said that it was looking at a pipeline of $500-$6OO million worth
      344 words
    • Article, Illustration
      Lock icon Lum Chang bungalows gain in value
      318 4  -  By ARTHUR SIM LUM Chang Holdings is looking at an estimated 60 per cent profit from a 2001 deal with Singapore Press Holdings (SPH) that included nine bungalows owned by SPH, then worth about $87.5 million. Five years ago, SPH bought over Lum Chang's
      318 words
    • COMPANY BRIEFS
      • Article
        Lock icon GK Goh names new chief financial officer
        24 4 INVESTMENT services group GK Goh has a new chief financial officer, Thomas Teo Liang Huat, effective Wednesday.
        24 words
      • Article
        Lock icon JELCorp's Q1 sales* surge 120%
        53 4 IN a general business update, JEL Corp (Holdings) said sales in the first quarter of this year grew about 120 per cent year on year. JEL expects new offices to be opened and additional staff to be recruited. It continues to expect to improve its
        53 words
      • Article
        Lock icon MapletreeLog buys more HK property
        77 4 THROUGH its trustee, Mapletree Logistics Trust Management, manager of Mapletree Logistics Trust, has purchased another floor of Ever Gain Building No 3 in Shatin, Hong Kong, for HK534.5 million (Ss7 million). The seller, Ever Gain Group, is leasing back the space for three years. The
        77 words
      • Article
        Lock icon Sing Tel clarifies staff share purchase
        90 4 SINGTEL has clarified BT's report yesterday about the purchase of Sing Tel shares by its chief executive Lee Hsien Yang. Sing Tel said that instead, it was Dexia Trust Services Singapore, appointed as a trustee to purchase and hold shares for the benefit of
        90 words
      • Article
        Lock icon Ho Bee fixes placement price
        75 4 SINGAPORE property firm Ho Bee Investment said it has fixed a price of 90.5 cents a share for a 120 million share placement to raise funds to reduce bank borrowings and for future project financing. The issue price was a discount of 6.5 per cent
        75 words
      • Article
        Lock icon Metax venture wins 254 m rupee contract
        41 4 METAX Engineering and its Indian-listed partner Nuchem won a contract to build, operate and maintain reverse-osmosis plants at the Mangalam and Eastern common effluent treatment plants in India, worth 254.6 million rupees (Ss9 million).
        41 words
      • Article
        Lock icon Hi-P forecasts $14m net profit for Q1
        75 4 Hi-P International, an electronics contract manufacturer, yesterday said its first-quarter profit will be lower than the fourth quarter's due to a drop in revenue and startup costs from new operations. It forecasts a net profit of about $14 million for the quarter ended
        75 words
      • Article
        Lock icon Sembawang Music warns of interim loss
        56 4 SEMBAWANG Music Holdings is expecting to report a loss for the half year ended March 31, as sales are down. The group has also increased distribution costs due to the opening of three new outlets in 2005. The group does not expect its results
        56 words
      • Article
        Lock icon Engro injects capital into Ho Bee Cove
        49 4 ENGRO Corp has injected a share of capital of $100,000 into its joint venture Ho Bee Cove, and provided its equitable share of the shareholder loan of $10.91 million. Engro is taking a 10 per cent equity interest in Ho Bee Cove.
        49 words
      • Article
        Lock icon Fabchem 1P012.5 times subscribed
        31 4 FABCHEM China's initial public offering has been 12.5 times subscribed. Some 59 million shares were issued, at 32 cents each. Trading is expected to start on Monday.
        31 words
    • Article, Illustration
      Lock icon Lawyers of Airocean's Tay want charge clarified
      336 4  -  COURT HEARINGS By MICHELLE QUAH AIROCEAN'S former chief executive Thomas Tay was back in court yesterday, as his lawyers sought to clarify a corruption charge against him. Tay was charged last week under Section 6(b) of the Prevention of Corruption Act with having
      FILE PHOTO  -  336 words
    • Article
      Lock icon Sentencing of Brilliant's former MD postponed to April 20
      267 4 THE sentencing of Brilliant Manufacturing's former executive chairman and managing director Harry Koh Soe Khon has been postponed to April 20. In court yesterday, lawyers asked District Judge Wong Keen Onn for more time to iron out details of the case
      267 words
    • Article, Illustration
      Lock icon Citiraya trial: Jailed Ng appears as prosecution witness
      498 4 NG Teck Boon, the younger brother of the former chief executive of Citiraya Industries, said in court yesterday that he had instructed accounts clerk Joanna Aw Meng Choo to do "the following up" to cook up several invoices involving three other private
      498 words
    • Article, Illustration
      Lock icon Are AGMs a necessary charade?
      756 5  -  AGM WATCH Big players grill management not at AGMs but behind the scenes R SIVANITHY Senior Correspondent DO ANNUAL general meetings (AGMs) really serve a useful purpose from the viewpoint of the small investor? Or are they merely "a chance for some free makan", as
      756 words
    • Article
      Lock icon Asia Power set to book $10.7m gain
      289 5  -  By ALEXANDRA HO ASIA Power Corporation, which owns, manages and operates power plants in China, will dispose of its 35 per cent equity stake in Shenzhen Nari Technologies Co for 146.3 million yuan (5529.6 million) cash. Shenzhen Nari is a pow-er-related technology company
      289 words
    • Article, Illustration
      Lock icon StarHub's strategy 'best in Asia'
      532 5  -  By SIOW LI SEN STARHUB's hubbing strategy of retaining customer loyalty by bundling mobile phone with Internet and cable TV has been called the best in Asia by broker ÜBS Securities Asia. In a recent report on Asian telcos, ÜBS said mobile services are an
      FILE PHOTO  -  532 words
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      Lock icon Page 5 Advertisements Column 1
      100 5 k'fll la B -rE2 M| Persona) Confute withCompiimentai) Usagrof i <*** R m Exclusive Ttopkai Spa. Mountain Bikes Tennis Basketball Compiimentafjr Daily Shopping Shuttle Nine Garden View Meeting Rooms 400 Seat Ballroom Overlooking the Poofckfc Apartments Office Complex 25 Minutes to KllA: 30 Minutes to Kuala Lumpur s Minutes to
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      Lock icon Page 5 Advertisements Column 2
      1091 5 NTEGRATOR INTERNATIONAL LTD. (Incorporated in Singapore) (Co. Reg. No. *****4261 D) NOTICE OF ANNUAL GENERAL MEETING NOTICE 18 HEREBY L,d ("thaCompany") will be held at Sheraton Towers Singapore, AmOefcßoom, Saturday, 29April 2006 at 10.3<fanrtor the following purposes: ijfi -Jtu-tmuwiiJ' t *&aJou AS OMMNARY BUSINESS >*»»»«»■*■»* 1. To receive and adopt
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon China stocks stage late comeback
      504 6  -  STOCKS Wednesday's favourites FibreChem, Inter-Roller and OSIM are noticeably absent from actives or gainers lists R SIVANITHY Senior Correspondent REPORTS earlier this week of the death of China stocks may have been too premature, judging by yesterday's action. At least that's what it looks like,
      Source: Bloomberg  -  504 words
    • Article, Illustration
      Lock icon TRADES TO WATCH
      1029 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 13 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Pate Director Sell '000 Shr S fOOO) fQOQ) Inter-Roller Engg 13-Apr-06 Lim Yee Min Sell 800 na 2352 1.43 1552 0.94 Sarin Tech 12-Apr-06
      1,029 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      946 6  -  Compiled by UMA SHANKARI Inter-Roller Engineering April 13 dose: $2 QTkatOUP RESEARCH, April 11 RECENT moves by the Indian government have set the airport privatisation plan into motion. Agreements have been signed to hand over the two main airports of Mumbai and Delhi to the winning private bidders,
      Source: Bloombeg; Source: Bloomberg  -  946 words
    • Article, Illustration
      Lock icon US$ rally peters out after trade boost fades
      460 6 CURRENCIES AFP [TOKYO] The US dollar lost steam in Asian trade yesterday after an overnight rally on the back of a bigger-than-expected drop in the US trade deficit proved short-lived, dealers said. They said that high oil prices were likely to continue
      AFP; BLOOMBERG  -  460 words
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  • SINGAPORE CORPORATE AWARDS
    • Article, Illustration
      Lock icon Business superstars
      481 7  -  A photo tribute to the luminaries who lighted up the inaugural Singapore Corporate Awards NANDE KHIN DUBBED the local corporate "Oscars", the Singapore Corporate Awards recognise excellence in boards and annual reports, in the performance of chief financial officers, and the quality of investor relations practices. Organised by
      Photos: CHRIS LOH  -  481 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Beijing expresses 'gratitude' for S'pore's stance on Taiwan issue
      523 8  -  SM, Chinese leaders discuss recent developments in S-E Asia and Asean By DANIEL BUENAS CHINA has expressed its "gratitude" for Singapore's stance on the cross-straits issue with Taiwan, and leaders from both countries have agreed that India and China have important
      JOYCE FANG/ST  -  523 words
    • Article
      Lock icon Saudi Arabia backs GCC free trade accord with Singapore
      364 8  -  By NANDE KHIN SAUDI Arabia has welcomed and expressed its support for a free trade agreement between Singapore and the Gulf Cooperation Council (GCC). The announcement came yesterday during the official visit of Saudi Arabia's Crown Prince Sultan Bin Abdul Aziz
      364 words
    • Article
      Lock icon Ex-HDB CEO among final 3 PAP candidates
      458 8  -  By MATTHEW PHAN THE People's Action Party named its final three parliamentary candidates yesterday, making a total of 24 new potential Members of Parliament. They are former Housing Development Board CEO Lui Tuck Yew, Chinese Development Assistance Council executive director Tan Chin Siong,
      458 words
    • Article
      Lock icon S'pore should be offshoring intermediary
      352 9  -  It should act to attract high-value financial and medical services By CONRAD AN SINGAPORE can be a prime destination for high-value jobs outsourced from major developed countries, but it needs to be bolder in promoting itself, consultants from outsourcing specialist Hewitt Associates said at a
      352 words
    • Article
      Lock icon S'pore CEOs most concerned about managerial talent
      557 9  -  By CHEN HUIFEN SINGAPORE CEOs are more concerned about the availability of managerial talent and their compahies' growth prospects in China than CEOs from other countries, says a global study by business research organisation The Conference Board. "It's not surprising that China is
      557 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NUS Business School ranked 51st in world
        61 9 THE Business School of the National University of Singapore (NUS) has been ranked seventh out of 100 worldwide outside the US in research, in rankings published by the University ofTexas, Dallas. According to the Texas university's survey from 2001 to 2005, the NUS
        61 words
      • Article
        Lock icon MOF invites feedback on tax treaties
        52 9 THE Ministry of Finance (MOF) invites public feedback on Singapore's current network of tax treaties, and to suggest the countries which Singapore should be initiating treaty negotiations with. These treaties will set out clear guidelines that will govern tax matters relating to overseas investment
        52 words
      • Article
        Lock icon Tanah Merah Kechil site tender awarded
        40 9 THE Urban Redevelopment Authority (URA) has awarded the tender for the residential site at Tanah Merah Kechil Avenue to the highest bidder— ChoiceHomes Investments Wincharm Investments. \yhich is a NTUC Choice Homes/Wing Tai tie-up.
        40 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      5141 9 UNIT TRUSTS FUNDS ACMGIAmer Income 0 USD &S4/ ACMGI Amer Income A EUR 7.05/ m ACMGI Amer Income B EUR 7.05/ Mgt (S P 0 n mu ACMGI E "°P Opp AT SGO 14.8/ 2* I*'*' W 0.92* A cmg, furop Income Opp BT SGD 143/ S ACMGI Europ Income
      5,141 words
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      Lock icon Page 8 Advertisements Column 1
      113 8 P. v I j l I A v-&*y **v *SpSs* H Need a better work environment? ST7OVS a.dvanced Job Matching Engine will pair you with positions that fit your skills, qualifications and career preferences from a wealth of fresh and real jobs in www.st7ol.com. Make ST7OI your online job-hunting partner,
      113 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon New 'revolutionary' Fed study a jolt to economists' forecasts
      915 10 It suggests much slower US growth over next decade Bloomberg [WASHINGTON] A new Federal Reserve study has shaken economists' forecasts by suggesting that the US economy will have to decelerate much more over the next decade than most now expect. The
      Bloomberg; AP  -  915 words
    • Article
      Lock icon Economic data behind interest rate continuity
      725 10 ANALYSIS ECB wants to see confirmation of growth before tightening monetary policy Reuters [FRANKFURT] Conspiracy theories abound to explain why the European Central Bank (ECB) has slapped down investors' expectations of a May interest rate rise. The list is long but the explanation looks
      Reuters  -  725 words
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      Lock icon Page 10 Advertisements Column 1
      1110 10 aZ AU S T O N INTERNATIONAL GROUP LTD Auston International Group Ltd (Incorporated in the Republic of Singapore) (Company Registration Number: *****1660 M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Auston International Group Ltd (the "Company") will be held at 61
      1,110 words
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      Lock icon Page 10 Advertisements Column 2
      131 10 JfHOWARDSBH STORAGE EM EWORLD* H FREE INFORMATION SEMINAR FRANCHISE OPPORTUNmES AVAILABLE IN SINGAPORE BM Howards Storage World is a speciality retailer selling all forms of storage and organizational products for the home and office. Our flagship Singapore store opened in Parkway Parade in January 2005. If you understand the need
      131 words
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      Lock icon Page 10 Advertisements Column 3
      24 10 Want the best deal? Invite tenders. Call 1800 289 8822 or email notices@sph.eom.sg to book your tender notice in our newspapers now. NOTICES I
      24 words
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  • MALAYSIA
    • Article
      Lock icon Top Glove says it's on track for rapid growth
      573 11  -  Company dismisses fears that surge in latex prices will erode earnings By PAULINE NG in Kuala Lumpur MALAYSIA'S largest disposable glove manufacturer, Top Glove Corporation, said it is still on track to register double digit growth over the next three to
      573 words
    • Article
      Lock icon BURSA MALAYSIA
      2314 11 vol General Corp 0.64 0.02 307 *y 13 *1- COW) Genting 75.00 -0.25 276 George Kent .0.55 -0.02 27 A4M Realty 1.41 unch 1 GHL Systems 0.30 -0.02 ***** 036 -°.°1 99 GlobetronicsTech 0.32 -0.01 832 ACP Industries 1.11 -0.04 332 GlomacBhd 1.28 -0.03 136 Advance Synergy 070
      2,314 words
    • Article, Illustration
      Lock icon Rush to set up bio-fuel plants in M'sia
      347 11 AFP [KUALA LUMPUR] Malaysia has been flooded with bids to build bio-fuel plants here, with Australia, Britain, Japan, Germany, Italy and South Korea planning large-scale production, a report said on Wednesday. Plantation Industries Minister Peter Chin said that at least 10 licences
      AFP; REUTERS  -  347 words
    • BRIEFLY ASIA
      • Article
        Lock icon Indonesia to sell govt stakes in two banks
        58 11 Bloomberg [JAKARTA] Indonesia's asset sale agency will sell the government's remaining stakes in lenders PT Bank Internasional Indonesia and PT Bank Permata, Raden Pardede, vice-president of the agency said. "We haven't set the date, but we have got the approval to sell"
        Bloomberg  -  58 words
      • Article
        Lock icon CNOOC parent to list unit in US$400m HK IPO
        89 11 Reuters [HONG KONG] The parent of CNOOC Ltd HK, China's largest offshore oil producer, plans to spin off its fertiliser unit, raising about US$4OO million in a Hong Kong initial public offering to be launched by end-June, a source said yesterday.
        Reuters  -  89 words
      • Article
        Lock icon Tenaga Q2 earnings up 35% to RM400m on forex gains
        62 11 Reuters [KUALA LUMPUR] Malaysia's biggest power distributor Tenaga Nasional yesterday said second-quarter profit rose 35 per cent from a year ago, helped by foreign exchange translation gains. Tenaga posted net profit of RM399.5 million (Ssl7s million) in its fiscal second-quarter
        Reuters  -  62 words
      • Article
        Lock icon China Merchants Bank drops Merrill from IPO
        83 11 Reuters [HONG KONG] China Merchants Bank, China's biggest domestically listed lender, has dropped Merrill Lynch out of the running for a role on its estimated US$2 billion Hong Kong IPO because of concerns over conflicts of interest, sources said. Merchants Bank, which has
        Reuters  -  83 words
      • Article
        Lock icon Police ask Playboy not to launch second Indon edition
        46 11 AP [JAKARTA] Police plan to ask Playboy magazine not to publish a second edition of its magazine in Indonesia because of fears doing so could inflame public anger, Jakarta police chief Gen Firman Gani said yesterday. —AP
        AP  -  46 words
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      62 11 > f I WIN CASH! Stand to win $1,000 cash weekly! You only need to register as a user and submit your current salary information, and you could be the lucky winner chosen each week. Log on to www.st7ol.com from 24 March to 2 June 2006. II IJ I Wfr
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Govt reforms make life harder for China's oil giants
      556 12 A windfall tax and pricing mechanism for refined products may hit earnings, say analysts Reuters [HONG KONG] China's big oil firms, which like global peers enjoy one of history's longest crude rallies, will face tax and policy reforms in coming years
      Reuters; BLOOMBERG  -  556 words
    • Article
      Lock icon Smaller banks hope for IPO room in HK
      479 12 Reuters (SHANGHAI] When Minsheng Banking Corp president Dong Wenbiao began hiring investment bankers to help China's first private lender list in Hong Kong, he never believed the process would take more than three years. The bank has delayed its Hong Kong listing
      Reuters  -  479 words
    • Article, Illustration
      Lock icon HK revives asset sale plans with planned merger of rail firms
      363 12 Reuters [HONG KONG] Hong Kong's proposed merger of two rail companies revives the territory's delayed asset sale programme but the government's improving fiscal position could mean less urgency to follow up with further sales, analysts say. The merger between
      Reuters; AP  -  363 words
    • Article
      Lock icon Google says acquisition an option in China
      478 12 Bloomberg NYT [SHANGHAI] Google Inc the most-used Internet search engine may buy companies in China to catch up with Baidu.com Inc in the world's secondlargest online market. "We are in principle open to using mergers and acquisitions as a way to grow our
      Bloomberg; NYT  -  478 words
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      230 12 lAt the Bth Annual SMEs Contortnee, the participants wiii iaarn from the following® business leaders the new collaborative and competitive strategies to reach "further,! faster and deeper" Into the new global business landscape for their growth. i I Where do You fit Into the global competition and opportunities I of
      230 words
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  • INDIA
    • Article, Illustration
      Lock icon Single women back from US face new challenges in India
      918 13 Some are viewed with suspicion, others face difficulties at work AFP [NEW DELHI] Along with the software gurus migrating to India's tech hubs as part of what some call a reverse brain drain, an unexpected lot young, single Indian women
      AFP  -  918 words
    • Article
      Lock icon Investors flood into Reliance Petroleum's US$620m IPO
      676 13 Offer is 1.4 times subscribed within 10 minutes; bids at upper end of range Reuters Bloomberg [MUMBAI] Investors swamped a US$62O million IPO by Indian refiner Reliance Petroleum Ltd (RPL) yesterday, putting in bids for more than 1.4 times the stock being sold
      Reuters; Bloomberg  -  676 words
    • Article
      Lock icon Foreign IT firms take on India's giants
      648 13  -  By SIDDHARTH SRIVASTAVA in New Delhi INDIA is fast emerging as the playground for multinational information technology (IT) firms to take on the resident biggies. The recent US$3B3 million takeover offer of Mphasis, a Bangalore-based business process outsourcing (BPO) services company, by Texas-based
      648 words
    • Article
      Lock icon Maruti buys Suzuki's stake in their JV
      302 13 Bloomberg [NEW DELHI] Maruti Udyog Ltd, India's biggest carmaker, will buy Suzuki Motor Corp's stake in their joint venture and consolidate the unit. Maruti's shares rose as much as 3.5 per cent. Maruti will buy Suzuki's 30 per cent stake in Maruti Suzuki
      Bloomberg  -  302 words
    • Article
      Lock icon Ranbaxy plans to buy more firms in India, overseas: CEO
      421 13 Bloomberg [NEW DELHI] Ranbaxy Laboratories Ltd, India's biggest drugmaker, plans to buy more companies overseas and at home to expand, having purchased three European businesses last month, chief executive Malvinder Singh said. Ranbaxy, which has shareholder approval to sell US$2.7
      Bloomberg  -  421 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon March retail sales rise 0.6% as jobless claims rise
      545 14 LATEST US DATA But report points to healthy jobs market; consumer sentiment up Reuters [WASHINGTON] US retail sales rebounded modestly in March from a February dip while new claims for unemployment benefits, while up, still pointed to a healthy job market,
      Reuters  -  545 words
    • Article
      Lock icon GE's US$4.3b Q1 earnings meet Wall St forecasts
      368 14 Reuters [NEW YORK] Diversified manufacturer General Electric Co yesterday reported profit growth that met Wall Street's expectations, driven by higher earnings in each of its segments except for NBC Universal. The company posted revenue that were slightly ahead of expectations and also
      Reuters  -  368 words
    • Article, Illustration
      Lock icon AWB may have misled Canberra: Howard
      335 14 Bloomberg [SYDNEY] Australian Prime Minister John Howard said AWB Ltd, the nation's monopoly wheat exporter, appears to have misled his government and the United Nations about its dealings with Saddam Hussein. AWB funnelled US$222 million to Saddam's regime by inflating transport fees under the
      Bloomberg; AFP  -  335 words
    • Article, Illustration
      Lock icon Wall St looks to Q1 profit reporting for relief
      550 14  -  By ANDREW MARKS in New York WITH the 10 year Treasury note hitting its highest level since 2000, Wall Street analysts are apprehensive. They hope that corporate results from the firstquarter profit reporting season which started this week will be able
      AP  -  550 words
    • Article, Illustration
      Lock icon Hype, high finance and the high life
      761 14  -  ASIA INSIGHT ANTHONY ROWLEY Tokyo Correspondent HOW great are the real achievements of "high" finance, and do innovations in that sector really justify the high living in which some of its practitioners indulge? Judging from the crop of responses to a letter that
      761 words
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  • WORLD
    • Article, Illustration
      Lock icon US$398m handshake for Exxon chairman
      641 15 Oil giant rewards its boss who retired after 43 years of service NYT [NEW YORK] Last year's high oil prices not only helped Exxon Mobil report US$36 billion in profit the most ever for any corporation they also allowed Lee Raymond to retire in style
      NYT; Bloomberg  -  641 words
    • Article
      Lock icon Job of software engineer best in US: survey
      581 15 Reuters [NEW YORK] Software engineers have the best jobs in America, a survey shows. Placing second were college professors and administrators and third were financial advisors, as surveyed by Money magazine, a Time Inc publication, and Salary.com, compensation experts based in Needham,
      Reuters  -  581 words
    • Article
      Lock icon Berlusconi mulls giving his TV empire to family: report
      322 15 Reuters AFP [ROME] Italian Prime Minister Silvio Berlusconi might hand his controlling stake in the Mediaset TV empire to his children after results showed he had lost the general election, a newspaper reported yesterday. Italy's leading newspaper, Corriere della Sera, said
      Reuters; AFP  -  322 words
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      49 15 yypRK "I«££S~ 15% Off total flood bill (not valid for drinks) BONUS: met ice cream (flavour* include black aaaama, graan taa, rad baan and vanlOa) laumaji[rnntm,m—nmlm -r i-,,/","" >-Mnnw<iim^t»i«M»aaniMinea<>» I N E wTNE w ROSABROOK MARGARET RIVER 3 F*2_ -4- ''M,'/ r 40 Holland Grove Rd. P Tel: *****053
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      119 15 WIN $888 THIS SECRETARIES' WEEK* BY ENJOYING LUNCH AT ONE OF OUR PARTICIPATING RESTAURANTS: Top of the 'M' Revolving Restaurant Pine Court Chinese Restaurant Triple 3,The Buffet Restaurant Mezebar Asian Tapas Bar Chatterbox Home of the Mandarin Chicken Rice For enquiries: 6831 6286 Terms Conditions apply MERIT US MANDARIN www.
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  • AVIATION
    • Article, Illustration
      Lock icon Cost advantage of US LCCs seen eroding
      663 16 Cost cuts by major airlines level industry playing field: analysts Reuters [CHICAGO] Low-cost carriers (LCCs) like Southwest Airlines Co and Jetßlue Airways Corp are seeing their cost advantage slipping as major carriers slim down into leaner, meaner operations. While low-cost carriers still have
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    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2243 16 CITY RIGHT ETA HIGHT FTP IC859 0805 AM81 1625 AI480 1520 SQ408 1855 Aim Dhabi SQ455 1135 DenpasarBaM SQ141 1145 SQ142 0935 Adelaide LH9771 1750 LH9770 2345 SQ 143 1535 VF541 1630 S0230 1750 SO229 2345 GA840 1640 SQ146 1640 S0443 0825 A***** 1805 GA841 1755
      2,243 words
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      Lock icon Jetstar drops Kolkata flights
      481 16  -  By VEN SREENIVASAN [SINGAPORE] In what appears to be a much anticipated consolidation of its operations, Qantas associate Jetstar Asia announced yesterday that it would be suspending flights to the Indian city of Kolkata from April 30. It said in a statement that flights to Jetstar
      FILE PHOTO  -  481 words
    • LOG BOOK
      • Article
        Lock icon China investigating suicide on flight
        150 16 AP [SHANGHAI] A man found dead in an aircraft lavatory during a flight to the south-western Chinese city of Kunming is believed to have committed suicide, police said yesterday. The man was discovered 6n Tuesday as the China Southern Airlines flight from the western city
        AP  -  150 words
      • Article
        Lock icon KLM raises surcharges on long-haul routes
        63 16 Bloomberg [TOULOUSE] Air France-KLM Group's Dutch subsidiary KLM raised the fuel surcharge by five euros (559.7) on long-haul flights, bringing to 45 euros the total additional fee paid by passengers flying intercontinental routes. The surcharge will only be withdrawn when oil prices fall below
        Bloomberg  -  63 words
      • Article
        Lock icon BAA's passenger traffic growth slows
        106 16 Bloomberg [LONODN] BAA pic, the world's largest airport operator, said passenger growth at its UK airports slowed in the 12 months to March as economic growth faltered and the terrorist bombings in London deterred flyers. The company's seven UK airports handled 144.6 million passengers in
        Bloomberg  -  106 words
    • Article
      Lock icon Rolls plans £500m pension fund injection
      324 16 Reuters Bloomberg [LONDON] British aero engine maker Rolls-Royce pic has proposed making a £500 million (Ssl.4 billion) payment into its UK final salary pension schemes in exchange for members agreeing to close them to new entrants. The firm said yesterday it would also increase
      Reuters; Bloomberg  -  324 words
    • Article
      Lock icon Beijing int'l airport sees strong growth in traffic
      177 16 AP [HONG KONG] Beijing's international airport said yesterday it expects a strong increase in passenger volume because of the country's rapid economic growth and a relaxation of a ban on late-night flights. Beijing Capital International Airport Co, Which operates the Beijing airport,
      AP  -  177 words
    • Article
      Lock icon Airline Indian to start delayed cargo services this year
      304 16 Bloomberg [NEW DELHI] The airline Indian is expected to begin its first all-cargo flights this year after a lack of aircraft delayed the start of services by a year. India's second biggest airline announced last May that it would convert five
      Bloomberg  -  304 words
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  • SHIPPING
    • Article, Illustration
      Lock icon PSA volumes surge 31 % in first quarter
      368 17 PSA volumes surge 31 in first quarter But Singapore terminals post slower growth for 12th mth in a row [SINGAPORE] Increasing volumes of container boxes handled by PSA International's overseas operations have helped raise total throughput at its terminals by a stolid 30.8 per cent in the first quarter, compared
      FILE PHOTO  -  368 words
    • Article
      Lock icon TRANSPORT STOCKS
      285 17 SGX '000 Apr 13 SS +<- Vol CH Offshore 0.40 unch 1230 ChuanHup 0.35 -0.01 965 Cosco Corporation 1.24 0.02 4972 CWT Distribution 1.27 0.07 493 Ezra Hldgs 2 88 0.03 867 Freight Links 0.08 0.01 ***** Grand Banks Yacht 0.88 unch 7 Jaya Holdings-.. 1.31 unch 501
      285 words
    • Article
      Lock icon Asian aframax rates near lowest since '02
      357 17 Bloomberg [LONDON] The price of hiring aframax tankers, which haul about 600,000 barrels of oil, on Asian routes traded near their lowest since 2002 as refiners in the region bought less oil. The cost of shipping on the route from the Persian Gulf
      Bloomberg  -  357 words
    • Article
      Lock icon All rescued after cargo ships collide in Tokyo Bay
      189 17 AFP [TOKYO] A Filipino cargo boat reportedly linked to arms smuggling collided with a Japanese ship and sank in a foggy Tokyo Bay yesterday, but all sailors were rescued, officials said. The Eastern Challenger carrying 25 Filipinos hit the Japanese Tsugaru-Maru,
      AFP  -  189 words
    • Article, Illustration
      Lock icon European divers accused of looting Indonesian shipwreck released
      344 17 AFP [JAKARTA] A French and a German diver accused of stealing treasures from shipwrecks in Indonesian waters and held by authorities here for more than a month have been released pending further investigations. Frenchman Jean-Paul Blancan and German Fred Dobberphul were arrested
      AFP; AFP FILE PHOTO  -  344 words
    • Article
      Lock icon 'Fully crewed at all times' warrants one crew on board 24 hours
      821 17  -  ADMIRALTY CASEBOOK By SELVA KUMAR TA WARRANTY in a marine insurance policy that a vessel will be "fully crewed at all times'* means at least one crew member must be on the vessel for 24 hours a day,
      821 words
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      31 17 I GET A LEADING EDGE m Your sailing schedules get wider attention in The Business Times shipping pages Call Bernard Ong at 6319-1645 or Michael Chng at 6319-2062 M SHIPPING TIMES
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  • EDITORIAL & OPINION
    • Article
      Lock icon Tourism and the Grand Prix
      554 18 EDITORIAL THE top priority for the Singapore Tourism Board (STB) right now probably is to get the integrated resort (IR) project off the ground. This is to be expected, given its importance. But it should also not miss the opportunity to bring Formula One Grand
      554 words
    • Article, Illustration
      Lock icon Shanghai's building boom comes at a cost
      1512 18  -  By 2010, only 5 per cent of the old neighbourhoods existing in 2003 citywide will remain By HOWARD W FRENCH NYT WUZIGFRIED Zhiqiang grows animated as he clicks through a PowerPoint presentation of the Shanghai of the future. For anyone who thinks his
      NYT; BLOOMBERG  -  1,512 words
    • Article, Illustration
      Lock icon 'Sick men of Europe' may well infect others
      788 18  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent EUROPEAN policy-makers have left for their Easter break hoping for a respite from the spate of bad news which has engulfed the continent's leading nations in recent days. The focus is on the three "sick
      788 words
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      Lock icon Technology trends to watch for
      1567 19  -  In an increasingly competitive environment, businesses that use their information strategically will enjoy an edge By MICHAEL YAP THE year 2006 will see the dawn of technology as a chief executive weapon of choice for organisations big and small. We are also likely to see
      AFP  -  1,567 words
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      Lock icon Japan's economy picks up as tills start ringing again
      731 19  -  By ANTHONY FAIOLA The Washington Post If happiness is a US$l5O pair of designer sneakers, Nishiki Tada bought himself a bundle of joy last week. Flush with a new raise, the 27-year-old carpenter joined the mobs of shoppers in Tokyo's Omotesando
      The Washington Post; AP  -  731 words
    • Article
      Lock icon Are unit trusts cheaper than ILPs?
      281 19  -  LETTER TO THE EDITOR Tan Kin Lian Chief executive officer NTUC Income I REFER to the article "What clients are not told about ILPs" (BT, April 12) by Genevieve Cua. The article did a good job of pointing out the problems of unit trusts
      281 words
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      102 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter9sph.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 laws.
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  • Article
    Lock icon SINGAPORE STOCKS
    10895 20 SGX MAINBOARP S2-Mfk TH last Vol Day Last Quote GrOtv Mv GrYtd Net MCap High low Code Company Sale COCO) High low Biiyr St»mr On Hi sH 5 1 5716 1st Software 5c 2.5 unch 246 2.5 2.5 2 2.5 10.1 18.5 6 3148 8TelecomUS2c 8.5cd unch 500
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  • Article
    Lock icon FINANCE & COMMODITIES
    5887 21 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In tool an I* in ui$ dy %yt *P f India Ch»nq» Change Ch«oq« Chang* Otngt Chang* World lnde» Preliminary 1020.6 -03 53 -05 2.8 -03 »EAf E Preliminary 1045,4 -0 74 -09 57 -0.7 90 Europe Preliminary 1382.5 <14 73 44 65
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      1140 22 PWHIMIIIIBPIIIM j Hfe ffw A 1 Jj. f > NYK GROUP SOUTH ASIA PTE LTD MM nTwr WT rPS VC TEL *****123 «J" tMC OTg? jSr!„^s^,^ lME Fax:6292 2856(Regionalsales)/*****109(0P5)/6299 5785(Documentation) NIPPON YUSEN KAISHA TOKVp SOPAKU KASHA. HO. (C/R NO: **********0E) Destination Destination NASSAU PARADISE RDM/ATW/BMN/TLB/NAN TIAN SHAN HAI VCB/VCW/LAX/MZL Loads
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      641 22 IMTIRAIIA KOtO MRVICI vßsa/vor i mwh i mum m «n ia i jkt STRAITS VENTURE 01/06 IS 1? 04/04 09/04 20/04 23/04 25/04 STIAfR yDfTUKE 07/04 IS 12 27/04 30/04 04/05 07/05 09/05 IsmrnvßdUKoi/M is 12 n/os 15/05 11/05 21/05 23/05 [AUWMUAN 8080 f«¥>q vßsa/vor iramw)|hbohtw)| 10 swiw sro m
      641 words
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      1618 23 WAN HAI NTERNATIONAL PTE LID a NOt **********0/1 uui. M f TEL *****588 (141MES) FAX:*****163 V\v4 i WAN HAI I INFs **,/****u»-hm0i6226)200 V v '"Hll lini lilllki# nant(on334mimfailnjmzshrnnLt0022*5400wcmdnw JOH IE: (07) *****23 MX: (07)2511t71 SWIH; (031) J2W475 HUt (0J1J1W2714/ JW1305 www wanhai mm to *T1H:|02I) 52S4mFU:|02l) 52S47»n*m: 714*0/***** NUL7IU7* »IH;|Dtl)4lS7ll3Hß;tot))4lsWß/«miW
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      199 23 P. T. DJAKARTA LLOYD (PERSE RO) I AUSTRALIA FULL CONTAINER SERVICE I As Agents Starship Agencies (MAI) Pie Lid I Operator Code: DJ CR NO. **********0H I Wl IVOY SW W6 Htt I MR I SYB I MB I ABt| AIR ESPRIT QMS 19/04 I [24/04 I -1 30/*****/*****/05 I
      199 words
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      Lock icon Page 23 Advertisements Column 3
      1892 23 rasa voy srn jct Mr pus vessel voy «n jkt sub hkg us* pus CAfE SAMT1AGO 00I6E 21/4 23/4 29/4 3/5 KMTC SINGAPORE 6Q5S 23/4 26/4 27/4 l/5~ 6/5 7/5 HANJIN POHANG 0303E 7t/4 30/4 6/5 1(1/5 KMTC KEELUMG 605S lo/T 3/5 4/5 l/T 13/5 14/5 rasa VOY SIN USA
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  • Page 24 Advertisements
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      801 24 HNordana (Asia) Pte Ltd SSEESST NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES iVESttL VOY I Si—ore I Jokarf I PnrtHxfad I Frimwrii ICftldMd I 1 Pa* fad— I lis|°|jExpf W _!|iQ3 _L fiZiE IfiiK Him 2Usl 2tAa 03 Ma* oppress I 1
      801 words
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      Lock icon Page 24 Advertisements Column 2
      438 24 —ifc— —*•> 1 1 I lit; I m lEjjfE -SKran ift I ffiw Ir* fgu I ml. TawiliiiTSffi hhb K |j I rnwrew |n«» |o//K |11/W I U/K I H/K VOY m HmuiM OCTACOUG y J***" (T*T) I— Q"*"l tt'W" Marts ftr ■imccn SS Sli Vw iri ill iW «SW
      438 words
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      Lock icon Page 24 Advertisements Column 3
      181 24 ■B||BllGafS^37«Mnr?^2^D^?3^4l ■PSWHITIOfIMT 37M 11-19/04 25-27/04 02-03/05 ■jUHtfmaKY 38on 22-23/04 n 30/04 06-07/051 3IIM 25-24/04 02 04/05 09-10/051 ■■■TIGtK PWI 3S2N 29 30/04 05 07/05 13-14/05 »jjj "-"3/05 09-11/05 1H 7/05 ■MMiliMiwmiAmia 015 ■inßMiiGa cuff 02M 21-21/04 24-21/04 06-07/051 ■UU||anGasram i?o 22-23/04 11-12/051 XWBWOTSf 640 30-X/&4HX OtSOUJtSIWG OWUT gjßagllGaCUff 024W 21
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      372 24 i BSA a. MYANMA Rn FIVE STAR LINE (Myamar National Line) Loading for Tango* Vissa VOY SIN PKL PEN PGU OM SHWI HAW 90W SLD PAGAN 349W SU> IN MALAYSIA: OOUSTEAD SHIPPING AGENCIES KUt/PKL 03 300 SUM PEN: 04-*****1S AACCEPTING CONVENTIONAL C6O Vissa VOY HKG SM PU. COCOA HEATT 14
      372 words
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      6734 25 This ETA ETA Advertser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oest'n Name Name Number Number SIN Desfn Name Name Number Sr T« ARiniAkl fABH inna r.m. 07/05 16/05 PACCCont PACNATUNA PN025 *****655 IO ABIDJAN (ABJ) 2003 Cote D Ivoire j
      6,734 words
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  • PURSUITS
    • Article, Illustration
      Lock icon THE JUDAS STORY
      773 26  -  BOOKS PARVATHI NAYAR checks out some materials on the Judas saga PARVATHI NAYAR WITHOUT Judas, is it possible that the Easter miracle would never have happened? Could it be that Judas was no betrayer, but a faithful disciple who was only doing what Christ wanted him to?
      773 words
    • Article, Illustration
      Lock icon Descend into a dark and intense horror affair
      258 26  -  DVD By UMA SHANKARI IN The Descent, which screened here last year to little fanfare, writer-director Neil Marshall subjects his audience to about 100 minutes of relentless horror. Six girls embark on an underground caving expedition, which quickly turns into a journey
      258 words
    • Article, Illustration
      Lock icon Ageing hero in unrealistic plot
      521 26  -  CINEMA By JAIME EE AS far as action thrillers go. Firewall is mildly entertaining but mostly arthritic in both star and plot. Harrison Ford may be a great role model for the glucosamine set with his continuing ability to roll with the punches (and take
      521 words
    • Article
      Lock icon The magic of old burgundy
      1148 26  -  WINE By N K YONG ONE of the nicest problems to have when you have an extensive cellar is that you are almost certain to have wines you have forgotten about. There is then the risk that you may not remember or come across those
      1,148 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      286 26 CRYPTIC CROSSWORD never stopped (7,2) 7 Confidence shown by footballers' article on Henry (5) 10 Old European entered punctually 11 Threaten mischief-maker with an- LmJ L^J— 12 Make one's way to Bond Street. Damn former City charge (8) ij Concerned with choristers heard Hh JH| to be in need (7)
      286 words
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  • ARTS
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      Lock icon Simple yet timeless
      828 27  -  The work of German artist Wolfgang Laib is minimal but not coldly intellectual. PARVATHI NAYAR checks out his exhibition PARVATHI NAYAR WE live in the chanical reas famously noted by philosopher Walter Benjamin where the work of art can be endlessly copied and disseminated. While this leads
      828 words
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      Lock icon Working hard to bring out the beauty
      734 27  -  PHOTOGRAPHY By PARVATHI NAYAR "IN a way, I'd say photography chose me," says Tom Ang, digital photographer par excellence and prolific author on the subject. "I liked technical stuff and was entranced by visual things: photography was a medium that combined both." Ang
      ARTHUR LEE  -  734 words
    • Article
      Lock icon Tips on buying a digital camera
      261 27  -  By Parvathi Nayar AS an amateur photo enthusiast looking to shift from traditional to digital photography, the choices available in the market can be daunting. Tom Ang shares a few tips: The biggest is probably not the best great specifications usually call for more
      261 words
    • Article, Illustration
      Lock icon Text distracts and saps plays' energy
      527 27  -  THEATRE By PARVATHI NAYAR IN our globalised times it should come as no real surprise that a trio of plays in the Japanese genre of kyogen satirical comedies traditionally performed in between idealistic Noh dramas is actually penned by an American. The Magic Fundoshi
      527 words
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  • executive lifestyle
    • Article
      Lock icon The Karate Kid, Singapore-style
      592 28  -  off the cuff jaime ee Singaporeans, as a rule, do not head to the Japanese mountains to look for a legendary karate master. Without any precedent, it is no wonder that the IT worker looking for a legendary karate master got lost in a remote village
      592 words
    • Article, Illustration
      Lock icon EDGY DESIGNS
      1643 28  -  A new wave of architects and designers are thinking out of the box and departing from the Tropical Modern school, reports GEOFFREY EU GEOFFREY EU SINGAPORE is in no danger of becoming a capital of cutting-edge residential architecture just yet, but there are unmistakable signs that homeowners intent
      1,643 words
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