The Business Times, 15 April 2006

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1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 THE BUSINESS TIMES WEEKEND SINGAPORE 85 cents MICA (P) 099/03/2006 April 15-16, 2006 online at http //business-times.asial.com.sg
    17 words
  • Article
    Lock icon SM: Bridge issue close to accord before U-turn
    668 1  -  Polls likely in early May; Marine Parade gets new lineup By DANIEL BUENAS in Beijing SINGAPORE and Malaysia were close to reaching an agreement to "wrap up" the Causeway bridge issue before Malaysia decided to scrap the bridge, Senior Minister Goh Chok
    668 words
  • Article
    Lock icon MARKETS DIGEST
    119 1 PRIME RATES SINGAPORE 5.25 MALAYSIA ...6.24 HONG KONG 8.00 INDONESIA 17.52 TAIWAN 6.631 JAPAN 1.375 KOREA 9.33 BRITAIN 4.50 US 7.75 CANADA 5.50 SWITZERLAND 3.50 INDIA 10.25 Source: Bloomberg Source: Bloomberg FOREX (Thursday) US$ S$ US$ (S$ per US$) 1.608 (USS/SS per 1.756 2.823 EURO(US$/S$/E) 1.212 1.949 YEN
    119 words
  • Article
    Lock icon Sizzling market fires up back-door listings
    1175 1  -  Reverse takeover route a draw for businesses that may not command good IPO valuation By TEH HOOI LING [SINGAPORE] With the stock market piping hot now, market watchers expect more companies to get listed via the reverse takeover (RTO) route. This is in addition
    1,175 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon S'pore urged to tap stents market
      786 2  -  Asia-Pac market ex-Japan for heart devices can grow 67% to US$2.5b By CHEN HUIFEN [SINGAPORE] Singapore should position itself to capture a slice of the growing regional market for cardiovascular devices, which is expected to reach US$2.5 billion in 2010, says consulting firm Frost
      ARTHUR LEE  -  786 words
    • Article
      Lock icon Tertiary bodies plugging into IR, tourism drives
      1113 2  -  By GRACE CHONG, JURENA CHAN [SINGAPORE] Educational institutions have stepped up their offerings of tour-ism-related courses in the wake of Singapore's ambitious drive to reinvent its tourism engines. Seven educational institutions are rolling out 10 new courses in tourism and hospitality management this
      1,113 words
    • Article, Illustration
      Lock icon Theglobalistquiz
      410 2 Source: The Glob The real world trade power Between 2000 and 2005, total world exports of goods and services increased by more than 60% in dollar terms —from US$7.B trillion to US$l2.6 trillion. While many countries contributed to this US$4.7 trillion increase some contributed a much greater share than
      Source: The Glob  -  410 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      316 2 I Qualified reports not always sign of trouble: auditors AUDITORS may have issued more qualified reports on the companies they cover, but say it does not necessarily mean that there are more troubled companies out there. COMPANY NEWS, PG 4 UOB, Chartered bonds may gain: Nomura BONDS of
      316 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon A scientist and entrepreneur
      2343 3  -  Nailing the gut-busting Helicobacter pylori bagged Barry Marshall the Nobel Prize for medicine last year. ANNA TEO finds out the scientist is completely computer-sawy, is into surveillance technology, and now wants to be a serial entrepreneur ANNA TEO THERE'S no question about the role and place
      YEN MENG JIIN  -  2,343 words
    • Article
      Lock icon Stressed? It's boredom that kills
      294 3 IRRELEVANT and useless. That's what Barry Marshall thinks of the popular notion that stress causes illness. Indeed, he pooh-poohs any theory that links emotion and disease. If stress causes gastric ulcer, then there could be no cure for ulcers, he reckons, since stress cannot be
      294 words
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      61 3 Raffles INTERNATIONAL Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles International Hotels and Resorts. The Traveller's Palm in the Raffles International logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in
      61 words
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  • COMPANY NEWS
    • Article
      Lock icon Qualified reports not always sign of trouble: auditors
      792 4  -  Rise in number of concerns raised may be result of auditors responding to higher expectations By ALEXANDRA HO THEY may be qualifying and higlighting more issues in a company's accounts, but auditors say it does not necessarily mean that there are more
      792 words
    • Article
      Lock icon What's an audit opinion?
      358 4  -  By MICHELLE QUAH WHAT does it mean when auditors issue a clean opinion on a company's accounts? What does it mean when they issue a qualified opinion? Or when they say they cannot express an opinion? Are these opinions important, and what do they actually say
      358 words
    • Article
      Lock icon Suntec Reit plans sale of bonds to replace loan
      270 4 Bloomberg SUNTEC Reit, one of Hong Kong billionaire Li Kashing's property trusts in Singapore, has hired Citigroup Inc to sell Ss2oo million of bonds to raise money to replace a loan. Citigroup is marketing a bond maturing in three years at
      Bloomberg  -  270 words
    • Article, Illustration
      Lock icon UOB, Chartered bonds may gain: Nomura
      446 4 Strong S'pore Q1 growth bodes well for corporate bonds Bloomberg BONDS of United Overseas Bank Ltd (UOB) and Chartered Semiconductor Manufacturing Ltd in Singapore may gain after the government said on Monday that the economy grew for a fourth quarter, according to Nomura International
      Bloomberg; FILE PHOTO  -  446 words
    • Article
      Lock icon Globe Telecom cuts text messaging rates
      364 6 Move attempts to encourage its 12m subscribers to send more messages Bloomberg [MANILA] Globe Telecom Inc, the second-largest Philippine phone company, will cut mobile text messaging rates by 10 per cent next week to encourage its more than 12 million subscribers to send more
      Bloomberg  -  364 words
    • Article
      Lock icon PCB maker Eucon sees profit doubling in 2006
      260 6 Reuters EUCON Holding, which makes and drills printed circuit boards (PCBs) in Taiwan and China, said that its net profit could double in 2006 as the company boosts production capacity. "We can have a doubling at the bottom line if the situation
      Reuters  -  260 words
    • Article, Illustration
      Lock icon 'Cluster' approach to draw Chinese firms to list on SGX
      652 6  -  This will offer them more value for their shares if they list in Singapore: SM Goh By DANIEL BUENAS in Beijing SINGAPORE will take a "cluster approach" to attract more and bigger Chinese companies to list on the Singapore Exchange
      JOYCE FANG/ST  -  652 words
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      65 4 WIN $10,000 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. li 2 it I I WH^
      65 words
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  • SINGAPORE BUSINESS AWARDS
    • Article, Illustration
      Lock icon A tribute to the best
      470 5  -  NANDE KHIN ONE of the glitziest events of the year in the Singapore corporate calendar, the annual Singapore Business Awards (SBA) ceremony typically sees the glitterati of the business world turning up in their best to honour corporate leaders who have impressed award judges with
      Photos: DHL EXPRESS  -  470 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      138 6 i IlllWlh—illPllJ'liH I 1 "'I I 111 I mi I I I■■ v I Don't waste your brain **W I l t -,'i ,'f. I V l: ,r' Need a more challenging career? ST7OVS advanced Job Matching Engine will pair ydu with positions that fit your skills, qualifications and career
      138 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon What to do after a takeover
      1575 7  -  SHOW ME THE MONEY If the buyer paid cash for your shares, use the cash to buy its shares; if it's by shares, convert them to cash TEH HOOI LING Senior Correspondent LET'S say you have a portfolio of stocks. Be it luck or
      Source: Bloomberg  -  1,575 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1101 7 For week beginning Apr 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subuntw Buy No of Price SHAREHOLDING Tram Shareholder/ Sell Sham Par (afore Aftar stod< Data DlfactQf Conv '000 Shf S ('BOO) (000) Inter-Roller Engg 13-Apr-06 Lim Yee Min Sell 800 na 2352 1.43 1552 0 94 Sarin Tech
      1,101 words
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      30 7 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. 11 w% >U>j |j 11 n 13^1
      30 words
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Banking on cruise control
      2838 8 OVERVIEW LEADING central banks around the world like the US Federal Reserve, the European Central Bank, the Bank of Japan and others are engaged in an ongoing process of monetary tightening, raising interest rates and mopping up huge surplus liquidity pumped into the international financial system
      REUTERS  -  2,838 words
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  • SINGAPORE NEWS
    • Article
      Lock icon PAP unveiling its election manifesto today
      641 9  -  Khaw: Ridiculing politicians without basis belittles political process By CONRAD TAN THE ruling People's Action Party (PAP) will publish its election manifesto today, Health Minister Khaw Boon Wan confirmed yesterday, but declined to give details. Speaking to reporters after a morning walkabout at Admiralty,
      641 words
    • Article
      Lock icon Seminar on behavioural finance
      162 9 WHEN investing, some people are tempted to make irrational financial decisions that can unleash the most common investment mistakes. So says Philippa Huckle, CEO and founder of Hong Kong-based The Philippa Huckle Group, a seasoned speaker and writer on behavioural finance in Asia. Trained in classical
      162 words
    • Article, Illustration
      Lock icon FTA luring Korean companies to Singapore
      438 9  -  By HONG SOON JAE WITH the Korea-Singapore Free Trade Agreement (KSFTA) having taken effect recently, more South Korean companies are heading to the Republic as part of their global strategy. They plan to set up assembly factories here as Korean goods produced in Singapore
      AP  -  438 words
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      138 9 Head to CATS FASTADS in The New Paper for job opportunities! WAT 3 f BUY 17-SELL ft• FIND IT t It > -t- Global Technical Careers petroleum well process project discipline production engineers petro/geophysicists At Shell, continuous learning is centiol to our culture and the opportunities we offer Whotever your
      138 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon MAS to pay RM2m in overtime wages
      244 10 AP [KUALA LUMPUR] Malaysia's national airline was ordered to pay overtime of more than RM2 million (*****,000) to 110 workers after failing to reduce working hours as required by an agreement, a newspaper and an official said. The Malay Mail said the Industrial
      AP  -  244 words
    • Article
      Lock icon BURSA MALAYSIA
      2213 10 VOl General Corp 0.64 0.01 212 Apr™ KM faoo) Genting .24.70 -0.30 55 GeofbeKem .0.58 0.03 82 A4M Realty 1.37 -0.04 2 GHL Systems ..0J9 -0.02 ***** 0-37 443 GlobetronicsTech 0.33 0.01 530 ACP Industries 1.11 unch 238 GlomacBhd 1.26 -0.02 33 Advance Synergy 0.21 0.01 168 Gold
      2,213 words
    • Article, Illustration
      Lock icon Urban mall boom continues
      550 10  -  But more retail space has led to dilution, tougher trading conditions By PAULINE NG in Kuala Lumpur MALAYSIA'S urban mall boom shows no signs of abating, with more than four million square feet of shopping space to come onstream in the next two years. But the
      AP  -  550 words
    • Article
      Lock icon M'sia may force mobile firms to shape up
      313 10 Reuters [KUALA LUMPUR] Malaysia may force the country's three mobile players to step up domestic roaming and improve their services, a government minister said yesterday. Under domestic roaming, when a network's cel- lular coverage is not available, the subscriber is diverted to
      Reuters  -  313 words
    • Article
      Lock icon Tenaga can raise prices 'eventually': KL
      351 10 Costs of supplying electricity up 23% over 8 years: govt Bloomberg [KUALA LUMPUR] Malaysia's government will allow Tenaga Nasional Bhd, Malaysia's biggest power company, to raise electricity prices. Energy, Water and Communications Minister Lim Keng Yaik says. The rate increase won't take place this
      Bloomberg  -  351 words
    • Article
      Lock icon Malaysia's Affin Bank says it is not in merger talks
      304 10 Reuters [KUALA LUMPUR] Affin Bank, one of Malaysia's smallest lenders, is not in merger talks with any local banks, although it is talking to potential foreign partners as it seeks to expand abroad, its parent firm said yesterday. Investors speculate
      Reuters  -  304 words
    • BRIEFLY ASIA
      • Article
        Lock icon China's FDI hits US$14b in Q1
        61 10 Reuters [BEIJING] China drew U5514.25 billion in foreign direct investment (FDI) in the first three months of 2006, up 6.4 per cent from the same period last year, the Commerce Ministry said yesterday. For March alone, actual FDI rose 4.4 per cent from a
        Reuters  -  61 words
      • Article
        Lock icon Questions raised on sale of Agusta
        80 10 Bernama [KUALA LUMPUR] The wrangle over the sale of MV Agusta has not ended. Former Proton chief executive Mahaleel Tengku Ariff yesterday continued to question Proton's sale of the Italian motorcycle manufacturer. He wanted to know who offered to sell or buy at one
        Bernama  -  80 words
      • Article
        Lock icon It's my duty to accuse Anwar, says Mahathir
        75 10 AP [KUALA LUMPUR] Former prime minister Mahathir Mohamad yesterday said he had a moral duty to accuse his ousted deputy Anwar Ibrahim of being gay, because it was "unimaginable" to let a homosexual lead Malaysia. Dr Mahathir's remark came in his rebuttal
        AP  -  75 words
      • Article
        Lock icon Fitch and S&P to set up offices in Jakarta
        68 10 [JAKARTA] Following the government's move to liberalise the bond rating industry, two global rating agencies Fitch and Standard Poor's—will soon open up shop in Indonesia, the Jakarta Post reported. "Fitch has already secured a licence to do business here, while S&P
        68 words
      • Article
        Lock icon Beijing bans sale of PCs without software
        68 10 AP [BEUING] Beijing will ban sales of personal computers without software known as "naked computers"—to eliminate the market for pirated operating systems, the city government said yesterday. The announcement came days before Chinese President Hu Jintao leaves on a trip to the US,
        AP  -  68 words
      • Article
        Lock icon Taishin to speed up Chang Hwa merger
        77 10 Reuters [TAIPEI] Taishin Financial will speed up a planned merger with Chang Hwa Bank by buying a further 10 per cent stake in the state-run bank for about NT$ll.B billion (SssB2 million), a Taishin executive said yesterday. The move is part of Taishin's
        Reuters  -  77 words
      • Article
        Lock icon Buyer acquires 6.4% stake in Sina Corp
        73 10 Reuters [SHANGHAI] A buyer has acquired 6.4 per cent of Sina Corp, China's top web portal and subject of a 2005 hostile takeover bid by Shanda Interactive Games, according to a regulatory filing. Michael J G Gleissner now owns 3.43 million shares of
        Reuters  -  73 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China frees up overseas investment by banks, funds
      706 11 Move a step to fulfill Beijing's promise to ease capital controls Reuters [SHANGHAI] China relaxed its capital controls yesterday to make it much easier for individuals and companies to buy foreign currencies and invest abroad. The move will permit President Hu Jintao
      Reuters; REUTERS  -  706 words
    • Article
      Lock icon Regal Hotels names Deutsche, Merrill to arrange HK$4b Reit
      339 11 [HONG KONG] Regal Hotels International Holdings, which runs hotels in Hong Kong and Shanghai, has hired Merrill Lynch and Deutsche Bank to arrange an up to HK$4 billion (SsB3o million) initial public share offering of the territory's first hotel-based real estate
      339 words
    • Article
      Lock icon Beijing forum urges Taipei to expand links with China
      431 11 Business backs move while Chen denounces forum Reuters [BEIJING] Taiwan opposition politicians and Chinese Communist leaders urged Taipei yesterday to allow regular direct flights and expand trade with China, raising pressure on the island's independence-lean-ing president. President Chen Shuibian swiftly denounced
      Reuters  -  431 words
    • Article
      Lock icon Li & Fung eyeing Karstadt purchasing operations
      249 11 Li Fung eyeing Karstadt purchasing operations Reuters [HONG KONG] Hong Kong trading firm Li Fung is likely to buy German retailer KarstadtQuelle's sourcing operations next month for between US$lOO million and US$2OO million, sources said yesterday. Li Fung Ltd, which designs and buys Chinese-made clothes for the likes of Abercrombie
      Reuters  -  249 words
    • Article
      Lock icon Cinda to auction 43b yuan of bad loans in 2006
      438 11 Reuters [SHANGHAI] State-run Chinese debt clearer Cinda said yesterday it would offer bad loans worth 43 billion yuan (SsB.6 billion) in book value for sale in 2006, in its latest effort to help shore up the country's banking sector. Cinda
      Reuters  -  438 words
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      181 11 >AT3 RECRUIT nil fret; 1800 1'"') -8822 tin ail leciuik'sph.com.sg I JOIN US ON THIS EXCITING JOURNEY YOUR FUTURE STARTS HERE Worley Parsons is a global provider of engineering, procurement and construction management services to the Energy, Resource and Complex Process Industries. Due to our outstanding project delivery and commitment
      181 words
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  • INDIA
    • Article, Illustration
      Lock icon Infosys' revenue tops US$2b
      795 12 Sales are expected to rise up to 30% this year, as it bags bigger contracts AP Bloomberg [NEW DELHI] India's software giant Infosys' revenue for the fiscal year that ended in March exceeded US$2 billion for the first time in the company's 25-year history amid strong
      AP; Bloomberg; AFP  -  795 words
    • Article
      Lock icon Agilent to spend US$25m on India centre
      282 12 Bloomberg [BANGALORE] Agilent Technologies, the world's biggest maker of scientific-testing equipment, will invest US$25 million over the next two years to build a centre in India. The centre, to be located on a 4 hectare campus in Manesar, near New Delhi, will be
      Bloomberg  -  282 words
    • Article
      Lock icon Riots cost Bangalore US$160m
      168 12 Reuters [BANGALORE] Rioting by fans mourning the death of a local film icon will have cost the technology hub of Bangalore around US$l6O million, with software firms losing US$4O million in revenues, the finance chief at Infosys Technologies said yesterday. T V Mohandas Pai, chief financial
      Reuters  -  168 words
    • Article, Illustration
      Lock icon STAR JOINS BHOPAL PROTESTERS
      88 12 AFP Indian film superstar Aamir Khan (C) joins Indian survivors of the 1984 Bhopal gas leak as they participate in a sit-down protest near parliament in New Delhi yesterday. About 50 activists arrived in Delhi from Bhopal after a month-long walk of about 800 kilometres for
      AFP  -  88 words
    • Article
      Lock icon Little change expected of Indian banks' results
      701 12 Reuters [MUMBAI] Most Indian bank quarterly results will be little changed as treasury provisions and a squeeze on lending margins offset loan growth. Demand for loans will remain robust in the coming quarters, as companies expand their operations to feed strong demand for
      Reuters  -  701 words
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      800 12 C Lianhe Zaobao I Wu r RUES I I 30% rise I I in fixed deposits I I last year I I I I I I I NOTICES In The Matter Of The Companies Act, Cap. 50 And In The Matter Of TAYLER HARPER INTERNATIONAL PTE LTD (In Creditors' Voluntary
      800 words
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      574 12 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of HL'A KOK REALTY (PRIVATE) LIMITED (In Creditors' Voluntary Liquidation) (Company Registration No: *****0610R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 307 of the Companies Act, Cap. 50, a General Meeting
      574 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Samsung posts 25% drop in quarterly operating profit
      579 13 Falling margins in mobile phones and memory chips the reason for slump Bloomberg Reuters [SEOUL] Samsung Electronics posted a bigger-than-expected 25 per cent slump in quarterly operating profit yesterday, hit by sliding margins in mobile phones and memory chips. The company earned
      Bloomberg; Reuters  -  579 words
    • WORLD WATCH
      • Article
        Lock icon SEC charges Saudi financier with fraud
        76 13 Reuters [WASHINGTON] US authorities on Thursday charged Saudi financier Adnan Khashoggi and four others with scheming to defraud brokers out of US$l3O million by artificially boosting the stock of now-defunct telemarketer Genesislntermedia Inc. The US Securities and Exchange Commission said the scheme operated between
        Reuters  -  76 words
      • Article
        Lock icon Tokyo alarmed by surging rates
        100 13 AFP [TOKYO] Japan's government yesterday voiced concern about recent sharp rises in long-term interest rates here as markets brace themselves for an end to near-zero borrowing costs. "I basically believe deflation still lingers although it is mild. In this situation, it is never desirable that
        AFP  -  100 words
      • Article
        Lock icon Livedoor delisted from TSE
        102 13 AP [TOKYO] Scandal-tainted Internet startup Livedoor was delisted from the Tokyo Stock Exchange yesterday, ending its six-year history as a publicly traded company. Its shares plunged 6.9 per cent to finish at 94 yen (551.27) on Thursday, which the Tokyo bourse previously announced would be the
        AP  -  102 words
      • Article
        Lock icon News Corp settles suit with shareholder vote
        74 13 Bloomberg [LOS ANGELES] News Corp agreed to settle a lawsuit by allowing shareholders to vote on the company's "poison pill" takeover defence. The lawsuit will be dismissed if shareholders approve an extension of the defence at the company's annual meeting in October, News
        Bloomberg  -  74 words
    • Article
      Lock icon Industrial production increases 0.6% in March
      332 13 LATEST US DATA Bloomberg [WASHINGTON] Production at US factories, mines and utilities grew at a faster pace last month and manufacturers were the busiest in more than five years, a Federal Reserve report shows. The 0.6 per cent increase in production followed a 0.5
      Bloomberg  -  332 words
    • Article, Illustration
      Lock icon AGENT ORANGE
      45 13 [TOKYO] Japanese TV star Waka Inoue (right), who has been named Orange Day Princess, presenting a basket of oranges to a wedding couple during a ceremony yesterday to commemorate Orange Day—a day for Japanese couples to confirm their love by exchanging oranges AFP
      AFP  -  45 words
    • Article, Illustration
      Lock icon Tokyo ready to re-emerge as hub for Asia
      489 13  -  By ANTHONY ROWLEY in Tokyo TOKYO could re-emerge as a major financial centre for Asia now that its economy is moving into what is likely to be a period of sustained growth, and as the health of Japan's financial institutions becomes much
      AFP  -  489 words
    • Article, Illustration
      Lock icon Toll buys Patrick after raising bid to A$5.8b
      448 13 Reuters Bloomberg [SYDNEY] Toll Holdings Ltd, Australia's biggest freight company, agreed to buy Patrick Corp, the nation's largest port cargo handler, for Ass.B billion (Ss6.B billion), ending a near eight-month battle to create Australia's top transport group. Toll had raised its bid
      Reuters; Bloomberg; BLOOMBERG  -  448 words
    • Article
      Lock icon Japan to trial world's first fuel-cell powered train
      323 13 AP [TOKYO] Japan's biggest rail company will soon test what it says will be the world's first fuel cell-pow-ered train, following the lead of the country's carmakers in rolling out cleaner, more efficient transportation. Pollution-free fuel cells generate electricity through a chemical
      AP  -  323 words
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      45 13 pHSORES? SLEEP ON WATER Tissue cells pinned between the underlying bone and the bed for a long period of time are deprived of blood and eventually die. A waterbed distributes the body weight evenly, so blood continues to circulate freely despite the patient being immobile.
      45 words
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  • WORLD
    • Article
      Lock icon High oil prices threaten world economy: IMF
      344 14 IMF REPORTS Petrodollars being recycled into US markets, driving up US current account deficit AFP [WASHINGTON] High oil prices are storing up trouble for the world economy by creating serious imbalances in national finances, not least in the US, the International Monetary Fund
      AFP  -  344 words
    • Article
      Lock icon Globalisation eased inflation, but...
      582 14 Reuters [WASHINGTON] Globalisation helped lower inflation in industrial countries in recent years but central banks should not rely on it to keep a lid on rising prices in the current environment, the International Monetary Fund (IMF) said on Thursday. The IMF analysed the effect on world
      Reuters  -  582 words
    • Article, Illustration
      Lock icon FESTIVE SPIRITS
      37 14 [OVIEDO, Spain] PENITENTS from the Jesus Cautivo brotherhood taking part in a Holy Week procession here on Thursday. Hundreds of Easter processions take place in Spain during the Holy Week, drawing thousands of visitors REUTERS
      REUTERS  -  37 words
    • Article
      Lock icon Are US exchanges entering bubble territory?
      455 14 NYT [NEW YORK] Amid the bustle and excitement of the New York Stock Exchange's debut as a publicly traded company on March 8, Gerald D Putnam Jr. the founder of Archipelago, which merged with the exchange, was asked whether trading fees would be increased.
      NYT  -  455 words
    • Article, Illustration
      Lock icon Michael Jackson cuts deal to clean up finances
      457 14 NYT [NEW YORK] Michael Jackson, who has been burdened with hundreds of millions of dollars of debt, said on Thursday that he had revamped his finances, an arrangement that would probably force him to sell part of his stake in a song
      NYT; FILE PHOTO  -  457 words
    • Article
      Lock icon Buffett's Berkshire pension plan ranks last in study
      438 14 Bloomberg [NEW YORK] Billionaire investor Warren Buffett scored lowest in managing his own company's pension assets, according to a study by a benefits consulting firm. Seattle-based Milliman Inc found pension plans of Mr Buffett's Berkshire Hathaway earned 4 per cent on their
      Bloomberg  -  438 words
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      564 14 NOTICES BUY IT-SELL IT-FIND IT M FUTURISTIC GROUP LTD. (Company Registration No. *****3164K) (Incorporated m Singapore with limited liability) CORRIGENDUM NOTICE OF ANNUAL GENERAL MEETING TO ALL SHAREHOLDERS We refer to the Notice of Annual General Meeting, dated 7 April 2006 (the "Notice"), which was published in the Business Times
      564 words
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  • MOTORING
    • Article, Illustration
      Lock icon Topless & terrific
      274 15  - Topless terrific The open-top Bentley Continental GTC offers a stylish drive, says SAMUEL EE SAMUEL EE N EED a top-of-the-line convertible to express your true personality and/or want to dry your wet hair quickly and in the most stylish manner possible? Look no further than Bentley's newest open-top model, the
      274 words
    • Article, Illustration
      Lock icon Cool cat in town
      489 15  -  The new Jaguar XK convertible will have the BMW 6 Series Cabriolet firmly in its sights when it arrives next month. SAMUEL EE compares the attributes of these two topless models SAMUEL EE WHEN the first official photos of the new Jaguar XK Convertible were released
      489 words
    • Article, Illustration
      Lock icon BMW's six appeal
      435 15 JUST as with any BMW halfway into its model lifespan, the 6 Series is getting an equipment upgrade to help maintain interest among its many prospective buyers. In the case of the flagship Cabriolet, it now has a more powerful engine and the badge that used to
      ARTHUR LEE  -  435 words
    • Article, Illustration
      Lock icon Cruisers not bruisers
      1053 15  -  RAYMOND LAI checks out the Peugeot 307CC and the Renault Megane Coupe-Cabriolet for a more practical and affordable alternative RAYMOND LAI PEUGEOT 307 CC THE Peugeot 307 CC had the honour of being Singapore's top-selling convertible last year. The topless Pug took pole position largely because of
      FILE PHOTOS  -  1,053 words
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  • GOLF
    • Article, Illustration
      Lock icon An Asian role model
      1093 16  -  Arjun Atwal has shown the way forward for Asian golfers by becoming the first Indian to play on the USPGA Tour, says JUSTINE MOSS JUSTINE MOSS PROFESSIONAL golfers don't necessarily make the best role models, but some bear the weight of responsibility better than most. Tiger
      AFP  -  1,093 words
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      275 16 wine&dine withweekendßT Cafebiz Traders Hotel Lobby Level, Tel: *****374 Cafebiz offers exotic Asian and local cuisine as well as tempting selections of global culinary delights for buffet and a la carte dining. Expect show kitchen with Chinese traditional 'hand-made' noodles or.'is4£an', Tandoori dishes and Chinese-style roasted meats. At buffet dinner,
      275 words
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      503 16 Tl||yig||awf Afilu ft»— Monoays to inursaays, dinner owy. present int ousmtss of soft drinks for ail buffet diners. *21$ Queen Street TeL *****119 Tiy Sty#* Cafe's weekly lunch special of chick)*! cordon bteu supreme or katsu don at $7.50 nett inclusive of a cup Plaza Market Cafe Level 2, Raffles
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      225 16 Menu Complimentary Chips ft Dips $5 Dining Voucher A^fc^feS memorabilia that makes great conversation pieces. Exclusively for Diners CiubCardmembers: 15 per cent off foo<4 beverages and merdiamfisc. Raffto Marina 4 10 Tuas West Drive. TeL *****288 Sink your teeth into our selection of crispy butler king prawns Srechuan-style or wok-baked
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  • WELLNESS
    • Article, Illustration
      Lock icon Deafness: Early detection makes the difference
      760 17  -  By CHEAH UI-HOON THE average age of detection of deafness in children in Singapore is still between two and three years, when it should be below one year, says Euan Murugasu, consultant ENT surgeon of Euan's ENT Surgery and Clinic at Mount Elizabeth Medical
      EUAN'S ENT SURGERY & CLINIC  -  760 words
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      Lock icon Give your system a break
      880 17 While there are myriad ways to detox your system, diet plays the biggest and easiest part of the cleansing process LAT-WP By CLEANSING our systems, we get rid of unwanted toxins and chemicals. A bonus is that we might identify foods we are allergic and
      LAT-WP  -  880 words
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      38 17 J■ V l "i I j Geta Leading Edge wmm J Your* sailing schedules get wider attention in The Business Times shipping pages J Call Bernand Ong at 6319-1645 or Michael Chng at 631 9-2062 J SHTPRNG TIMES
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  • Page 17 Miscellaneous
    • Miscellaneous
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      200 17 CRYPTIC CROSSWORD of a* cat (6) 2 Forbid slovenly person to be w appear (9) upset (2,3) last dressing (7) 16 The pompous chewed tarra--3 Derivates used to plug (9) 9 on (8) YESTERDAY S SOLUTION 4 A boiler which causes a brou- 18 Despair a change in the gar-
      200 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Cool tools maketh a cool cook
      841 18  -  There are loads of culinary goings-on this month with the World Gourmet Summit and the upcoming Food and Hotel Asia. If you've been avoiding going into the kitchen lately, JAIME EE shows you some cool cooking tools that will tempt you back to the
      841 words
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      Lock icon Classy kitchens
      406 18  -  They're pricey, look good and function well, says CHEAH UI-HOON CHEAH UI-HOON WHAT do the posh developments at Sentosa Cove and a yet-to-be-named condominium at the former Melia at Scotts have in common? Their Poggenpohl kitchens, the first German kitchen system brand founded more than 100 years ago.
      406 words
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      Lock icon Fashion, form and function: it's all in the bag
      524 18  -  Francesco Biasia brings its beautifully worked bags to Singapore. CHEAH UI-HOON reports CHEAH UI-HOON "BAGS add value to the look of a woman," declares Claudio Biasia, brother of Francesco Biasia, a designer who started his own bag company in 1977. "Bags
      524 words
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  • PERSONAL SPACE
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      Lock icon Magazine perfect
      1275 19  -  This owner's house has been featured in a number of interior design publications although he himself is rarely at home to ernjoy it, CHEAH UI-HOON discovers CHEAH UI-HOON AWYER Desmond Ong Lwas travelling so much last year he took 40 trips out of Singapore, he estimates that he
      PHOTOS: ARTHUR LEE  -  1,275 words
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  • THE BUSINESS TIMES weekend
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      Lock icon Happy Easter feasting
      956 20  -  Indulge in some celebratory eating over the weekend. JAIME EE has a few suggestions JAIME EE HAPPY Easter. Happy Passover. For many, it's a time to observe the serious religious significance of the occasion, but also to celebrate with seasonal goodies not usually enjoyed the rest of
      956 words
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      Lock icon Roast beef ice cream, anyone?
      887 20  -  WORLD GOURMET SUMMIT By JAIME EE THE World Gourmet Summit may have opened with a bang last Monday thanks to the very loud popping of a champagne bottle that spewed glitter paper over the crowd waiting to get into the Forbidden City nightclub in Clarke
      887 words
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      Lock icon Flavours and tastes of spring with Chinese herbs
      459 20  -  By CHEAH UI-HOON THE Chinese tend to have preconceived ideas of how herbs should be prepared namely traditional, medicinal home brews using ginseng and other obscure roots. This is exactly what Traditional Chinese Medicine (TCM) purveyor Eu Yan Sang is trying to
      459 words
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