The Business Times, 19 April 2006
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2006-04-19
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The Business Times
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Title Section16 2006-04-19 1 THE BUSINESS TIMES SINGAPORE 85 cents MICA (P) 099/03/2006 online at http://business-times.asial .com.sg Wednesday! April 19,200616 words
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Article, Illustration1300 2006-04-19 1 MICHELLE QUAH - He stands accused of submitting false invoices By MICHELLE QUAH [SINGAPORE] Former National Kidney Foundation chief TT Durai was charged in court yesterday with two counts under the anti-graft Act of submitting false payment claims with "the intent to deceive" the foundation when heARTWORK: Gareth Chung. PHOTOS: LIANHE ZAOBAO. ST - 1,300 words
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Article, Illustration617 2006-04-19 1 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] Guess which property brought the highest price per square foot (psf) last year? A condo in the upmarket BLVD? Or the Ladyhill? Or Cairnhill Crest? Wrong on all counts. The biggest gold mine was underground aARTHUR LEE - 617 words
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Advertisement146 2006-04-19 1 EXEC MONEY Equity funds: who's up, who's down PG34 n MOTORING cars go upmarket PG3O 11l 8 ■*****1******4 Markets Digest ?9 2 tnow your mind" Eurokars Centre. 12 Sungei Kadut Ave, Singapore *****8. Tel: 6363 3003: Fax: 6369 3003 Showroom hours: Mon-Fri, 8.30 am 5.30pm Sat. 8.30 am 12.30pm Closed146 words
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Advertisement8 2006-04-19 1 CORPORATE RESULTS Ml profit up 12% inQl P648 words
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TOP STORIES
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Article, Illustration957 2006-04-19 2 Move may pressure European nations to accept a smaller voice at IMF Bloomberg [WASHINGTON] The US will consider reducing its voting stake in the International Monetary Fund (IMF) as part of an overhaul that would require the lender to increase scrutiny of nations'Bloomberg; LUDWIG ILLIO/ST - 957 words
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Article134 2006-04-19 2 sn 2,559.25 (+8.91) ST INDEX FUTURES 2356.00 (+9.00) siMsa 303.75(40.96) SIMSCI FUTURES 301.90 (+0.80) MARKETS Tuesday Chang* KISECOMP M037 +0J3 NIKKEI 225 17,232.86 +232.50 HANG SENG 16,637.53 +208.06 SET INDEX 764.17 +4>75 JAKARTA COMP 1,417.38 +30.59 MANILA COMP 2.225.72 -3.64 SEOUL COMP 1,427.00 +4.37 SHENZHEN B 290.22 +1-33134 words
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Article495 2006-04-19 2 No change in tax for corporate Reit investors THE current 20 per cent tax payable for Reit distributions received by local corporate or institutional investors stays, the Monetary Authority of Singapore said yesterday. Last month, Temasek Holdings chief executive Ho Ching called for a cut in the tax495 words
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Article, Illustration326 2006-04-19 3 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] Another ageing CBD office block looks set to make way for homes. BT understands that SingTel is likely to sell 71 Robinson Road which houses Robinson Post Office after securing provisional permission to redevelop the property into a 51-storeyYEN MENG JIIN - 326 words
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417 2006-04-19 3 LESLIE YEE - But corporate objectives are not always well-aligned By LESLIE YEE [SINGAPORE] Companies see uncertainty ahead and plan to spend more on risk management over {he next three years, according to a survey by Ernst Young (E&Y). But many are not properly aligning417 words
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418 2006-04-19 3 KALPANA RASHIWALA - Imposing a 10% final tax may actually work against local investors: MAS By KALPANA RASHIWALA [SINGAPORE] The current 20 per cent tax payable for Reit distributions received by local corporate or institutional investors stays, the Monetary Authority of Singapore (MAS) said yesterday.418 words
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Advertisement25 2006-04-19 2 Want the best deal? Si Invite tenders. Call 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. WATS NOTICES25 words
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Advertisement106 2006-04-19 3 NHC m Nouvelle Horlogerie Calabrese ■HuQfrsk > j ay. Wy cw J\-\ i la xy If lOllf nyHD Vincent Calabrese. Watchmaker Analogica a world premier model with jumping hour and wandering date. Created by Vincent Calabrese, the hours and date are displayed through two analogue windows that wander around, with106 words
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COMPANY NEWS
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518 2006-04-19 4 SIOW LI SEN - CEO says single-digit growth in profit expected for full year By SIOW LI SEN MOBILEONE Ltd yesterday reported a 12 per cent rise in first-quarter 2006 net profit to $45 million from cost cutting and writeback for over-provi-sions in certain518 words
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Article832 2006-04-19 4 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN SO Mobile One has reported first-quarter 2006 net profit growth of 12 per cent. But it is evident that the mobile-phone operator has not been able to build up its market share. Although it managed to increase its832 words
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Article, Illustration645 2006-04-19 5 DONALD URQUHART - Industry downturn, APL's market share dip among concerns DONALD URQUHART Correspondent WITH their pockets freshly lined from the windfall of Neptune Orient Lines' (NOL) $1.34 billion cash reduction plan paid out just over a month ago, NOL shareholders will convene this morning to tackle issues645 words
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Article, Illustration530 2006-04-19 5 GRACE CHONG - AGM WATCH By GRACE CHONG COSCO Corporation (Singapore) Ltd's AGM yesterday could have passed like most ordinary AGMs except that the Chinese shipyard giant extended an invitation to this reporter, who had requested to attend as an observer. This is something not many companies doYEN MENG JIIN - 530 words
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549 2006-04-19 6 WONG WEI KONG - COURT HEARINGS Lawyer cites case in defence of accused Aw Meng Choo By WONG WEI KONG A SALES manager at Citiraya Industries who was named in an earlier case against its former assistant general manager Ng Teck Boon was let549 words
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461 2006-04-19 6 CONRAD TAN - By CONRAD TAN THE second day of a $3.75 million civil suit against three former executives of mobile phone service provider Accord Customer Care Solutions (ACCS) and the chief executive of an ACCS subsidiary saw the first witness questioned in the High461 words
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541 2006-04-19 6 ALEXANDRA HO - By ALEXANDRA HO SING Holdings, which has been in property development and investment since 1964, is going public. It is looking to raise $13.2 million through an initial public offering (IPO), after lodging its prospectus with the Monetary Authority of Singapore last month.541 words
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Article460 2006-04-19 8 VEN SREENIVASAN - It awaits airline's decision on renewal of Changi ground services contract By VEN SREENIVASAN SINGAPORE Airport Terminal Services (SATS) is bidding to buy Qantas catering operations in Australia, even as it awaits the Australian airline's decision to renew its ground services contract here in Singapore.460 words
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344 2006-04-19 8 OH BOON PING - By OH BOON PING SINO-ENVIRONMENT Technology, a waste gas treatment company, has launched its initial public offering (IPO) for a mainboard listing. The company yesterday announced an IPO of about 88 million shares 76 million new shares and 12.002 million vendor shares at 33344 words
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185 2006-04-19 8 SINGAPORE Press Holdings has launched a WAP version of its mobile news service for Sing Tel, Star Hub and Ml mobile phone subscribers a move that extends it to another 2.5 million post-paid subscribers. Previously, SPH Mobile News was available to only185 words
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COMPANY BRIEFS
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Article71 2006-04-19 8 TOLL Holdings, Australia's biggest land transport group, has extended to May 3 its voluntary cash offer for the remaining shares of Singapore's SembCorp Logistics that it does not own. Standard Chartered Bank said that, as at yesterday. Toll had received valid acceptances for 75 per cent71 words
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Article74 2006-04-19 8 MEMORY Devices has signed a letter of intent to supply memory storage to Potevio Group, China's biggest handset maker. It said that the purchase order from Potevio could potentially add up to US$50 million and that it hopes to digest this over a two-year time74 words
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59 2006-04-19 8 BIO-TREAT Technology yesterday said that it has bagged a 110 million yuan (S$22 million) turnkey wastewater treatment project in China. It will build a wastewater treatment plant and a set of drainage pipes using its proprietary BMS wastewater treatment system. Construction is expected to start59 words
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Article58 2006-04-19 8 THE Straits Trading Company yesterday said that a subsidiary has clinched a management services deal from Malaysia Smelting Corporation Berhad. The transaction involves providing management, technical, marketing, financial and advisory services to MSC, its subsidiaries and associated companies. But it is not expected to have58 words
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Article5938 2006-04-19 8 UNIT TRUSTS FUNDS ACMGI Amer Income B USD 8.51/ ACMGI Amer Income A EUR 7.02/ ACMGI Amer Income B EUR 7.02/ AMI Amro Asset Mgt (Spore) ACMGI EiropIncomeOppATSGD 14 78/ Star Europe EtJV 0.92J ACMGI Europ Income Opp BT SGO 14 76/ St* Europe Bond ACMGI Euop Income Opp AT5,938 words
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Advertisement338 2006-04-19 4 .a,*,.to t #j|i^M iffy'ffljraWHir^Bß^^^" 5 fii3ntß3Cturinci dtocqss. *v- Be* rj.'? t Jj j|'" i-i\~W' '*y™' BPBj iJi -J JB UJ {r ■ffMVV a HA. i i .J^MBBBBMB i^v.,, <v ■■^■■■■■■■QHII 1 HBHHHHHH $t**^> ~#"y «^flj|R|UUffrajMHß^j£3£|^fiaHHriL'4|££2!lh&> i KimriiiJt Jiytti'itt lilltailfly mtmUtfjHQl ffs paH^B^ £S I >555^ SinoEnv SINO-ENVIRONMENT TECHNOLOGY GROUP LIMITED338 words
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Advertisement207 2006-04-19 5 j -*v V* lb *f >- -i'. >.' f »> Stay in control of your trading around the clock with our multilingual online platform. Opening a position /s p aa C 1 1 Q is quick and easy, and all our products are available through one trading account. \O3 03207 words
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Advertisement98 2006-04-19 6 BECAUSE BUSINESS SHOULD BE PERSONAL *"*t *:'Moma& B^, YOUR LIMOUSINE AND CUP OF RED DATE TEA ■■#^4>.*MMW"' MARINA Get ready for a special introductory offer for our new MANDARIN So rest assured, with the newly renovated rooms and Meritus Club Rooms and Suites until May 15th. In addition MANAGED BY98 words
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Advertisement84 2006-04-19 7 I m /II V I II 111 ISI i ill m Ks H I fix^, n I 13^^ i a Tf U H^H 9 Borneo Motors (Z) I t~ Kl 1^ \n liu hcapc Company Th£ r elentless p URS UIT OF PERFECTION Borneo Motors (S) Pte Ltd 33 Leng84 words
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Advertisement33 2006-04-19 8 I V You can now use your CPF savings to invest in AllianzGI Global Allianz (fij) r ;fP High Payout Fund. Visit OCBC Bank for more details. Global investors company re>>n no I*****169Z33 words
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Advertisement213 2006-04-19 9 V <■ J? To the successful RX 300 is now born a worthy successor. The New RX 350 arrives with the majestic power capable of detecting slippage at one wheel and transferring torque to another with the most traction. So you of a 24-valve 272bhp V6,3.5-litre, dual VVT-i engine. Assuredly,213 words
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SINGAPORE MARKETS
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Article, Illustration901 2006-04-19 10 LARRY WEE - CURRENCIES But update on S$ crosses timely with US$ so close to 551.60 support LARRY WEE Senior Correspondent FINANCIAL market action over the past three weeks has been dominated by an impressive run-up in stock and commodity prices as well as bond901 words
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Article, Illustration1011 2006-04-19 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 18 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell '000 Shr T000) COOP) Intl Factors 18-Apr-06 EH Group Ltd Sell 8264 na 8264 8.00 0 0.00 Asian Micro 18-Apr-06 Lim1,011 words
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Article261 2006-04-19 10 MATTHEW PHAN - Compiled by MATTHEW PHAN Best World International April 18 dose: 73 cents CiMB-GK RESEARCH, April 18 BEST World's Malaysia and Singapore sales appeared to have grown by at least 30 per cent y-o-y in IQO6, with the two markets remaining the group's key revenue generators. Malaysia experienced both261 words
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Article, Illustration423 2006-04-19 10 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent A RECORD high for oil yesterday gave traders the perfect reason to pile into oil and gas stocks, thrusting the likes of Federal International, Interra Resources, Tiong Woon and Technics Oil Gas into the picture. Meanwhile, thanks to a surprisingly423 words
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Article, Illustration231 2006-04-19 10 VEO KEE YAN - CHART POINT By VEO KEE YAN chartist at Kelive Research DESPITE the Straits Times Index's modest 4.6-point rise during the past week, the current up-cycle still has legs with the market breadth remaining firm. There should be upward bias to 2,572 followed by231 words
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SINGAPORE NEWS
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Article, Illustration539 2006-04-19 11 DANIEL BUENAS - He's disappointed opposition has not stated whether it'll contest in his GRC By DANIEL BUENAS in Shanghai SENIOR Minister Goh Chok Tong "likes" the People's Action Party's manifesto because it is the way forward for Singapore. But he is "a little disappointed"JOYCE FANG/ST - 539 words
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311 2006-04-19 11 SAMUEL EE - By SAMUEL EE THIS year's fare revision exercise will be postponed by three months because the Public Transport Council (PTC) is preparing to implement a new licensing regime. Under the existing time frame for the annual fare revision exercise, public transport operators who311 words
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277 2006-04-19 11 MATTHEW PHAN - By MATTHEW PHAN REGULAR customers of Mobil petrol stations could find themselves pulling into Esso kiosks instead, after ExxonMobil Asia Pacific which owns both brands said yesterday that it is moving towards a single fuel brand, Esso, in Singapore. But Esso stations will continue to277 words
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Article, Illustration547 2006-04-19 12 ALEXANDRA HO - Mall expects full occupancy by Oct opening, with 10% new market brands By ALEXANDRA HO WITH about six months before it opens, Singapore's newest and biggest mall, Vivo City, has found tenants for 80 per cent of its space. "We are inLIANHE ZAOBAO - 547 words
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350 2006-04-19 12 ARTHUR SIM - By ARTHUR SIM THE first public housing project under the Housing and Development Board's (HDB) Design Build and Sell Scheme (DBSS) will have a slick glass facade normally associated with private residential condominiums but a unit in it could be sold350 words
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286 2006-04-19 12 WINSTON CHAI - By WINSTON CHAI COMPUTER giant HewlettPackard hopes to better cash-in on its massive patents portfolio with the opening of a new intellectual property (IP) licensing centre here. According to HP, the new office aims to provide companies, governments, research institutes and universities in286 words
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337 2006-04-19 12 CHEN HUIFEN - By CHEN HUIFEN HSBC in Singapore is aiming to grow revenue derived from its small and mediumsized companies by 16-20 per cent this year, according to its commercial banking head Janet Young. "In the past, we've been seen to be a bank337 words
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448 2006-04-19 13 NANDE KHIN - ASEAN SME FORUM 2006 Singapore, through IE Singapore, already plans to do this, he adds By NANDE KHIN ASEAN countries can strengthen their small and medium-sized enterprises (SMEs) by leveraging the Internet to match these SMEs with foreign buyers and sellers, and448 words
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Article, Illustration160 2006-04-19 13 THE opposition may raise the casino issue in the coming general election, Trade and Industry Minister Lim Hng Kiang said yesterday. But the government has already explained the issue and put safeguards in place, he said. "Singaporeans understand the safeguards that we have put inFILE PHOTO - 160 words
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Article, Illustration563 2006-04-19 13 UMA SHANKARI - By UMA SHANKARI THAILAND'S low-fare airline Nok Air hopes to be flying into Singapore by 2008, said its chief executive, Patee Sarasin, on the sidelines of the Asean SME Forum yesterday. "We are definitely interested in Singapore," said Mr Sarasin, who launchedFILE PHOTO - 563 words
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Article, Illustration565 2006-04-19 13 NANDE KHIN, UMA SHANKARI - SMEs often are not adequately prepared: speaker By NANDE KHIN, UMA SHANKARI THE biggest question small- and medium-sized enterprises (SMEs) have to ask themselves before they franchise their operations is whether they are ready. "And a lot of times, they are not ready," said KeoyFILE PHOTO - 565 words
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Advertisement250 2006-04-19 11 Treo' 650 nQQ) SMARTPHONE —1 Sing Tel •Blackßarry Connect'" on the Treo™ 650 smertphone doe# not currently support Asian language environments. Model shown is standard colour. Colour of limited or special edition models may vary. Blackßerry Connect™ software available for web download. ••Limited to the first 200 handsets only. Phone250 words
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Advertisement47 2006-04-19 12 Yf Ml 11 r europe ■■flff .iMI airways a^jKill Bl Buy from Feb-31 Mar. Fly from 01 May-26 May. For reservations/ please contact your favourite travel agent Qatar Airways »l'^'' us at 290 Orchard Road Paragon #18-07/09 further on Frequent Flyer program, please visit www.qatarairways.com BBBjiißi^S^^B^^K-*• vH.*HS%>AM.,47 words
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Advertisement3 2006-04-19 13 B im -<iiBWtMMMMMiM«J3^^^^^KIIiiiIIWMWMHHBIIWWWMIiIiIBBi^MHWW^MI^BI^WBI^B^B3 words
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ECONOMY WATCH
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Article, Illustration467 2006-04-19 14 He indicates a split in the Chinese administration on currency policy AFP [WASHINGTON] China is moving "agonisingly slow" in making its currency flexible, Deputy US Secretary of State Robert Zoellick said on Monday, ahead of a bilateral summit where the currency issueAFP; REUTERS FILE PHOTO - 467 words
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801 2006-04-19 14 Bloomberg [MUMBAI] India's central bank asked commercial banks to set aside more to cover the risk on property loans, which have led a credit surge in the world's second-most populous nation. Some banks said they may raise loan rates. The ReserveBloomberg - 801 words
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205 2006-04-19 14 Reuters [NEW DELHI] Indian Prime Minister Manmoh&n Singh said yesterday that the country could "realistically" target annual GDP growth of 10 per cent. "As I look ahead, I feel that we can not only sustain the current rate of economic growth of around 8Reuters - 205 words
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Advertisement82 2006-04-19 14 Ll sg&k. -~st 4 jHjfjt egjs||/ 4 f^^-f|^^SM^^Hj|^^^^py s w ol ig^||:*< 4lMfc«r- Kf J K '^"risM^s^ f M Vwß fc J! Jk«# J!9H^ t v j pP jfl In i* *1 Pl?i V; j LiH r i J ■r J| II Eji tof" fe£nigr >. <;^^HH^ 4) 0* oir82 words
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MALAYSIA/INDONESIA
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Article, Illustration467 2006-04-19 15 Country added to fund's list due to improved political stability there Bloomberg [JAKARTA] The California Public Employees' Retirement System (Calpers), the largest US pension fund, has added Indonesia to the list of countries in which its fund managers may invest because of improved politicalBloomberg; AFP - 467 words
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279 2006-04-19 15 Reuters [KUALA LUMPUR] Malaysian oil and gas services firm Sumatec Resources Bhd said yesterday it planned to build and run a fuel storage facility in the south of the country but would steer clear of a site hit by controversy. Sumatec had in DecemberReuters - 279 words
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520 2006-04-19 15 S JAYASANKARAN - He says Cabinet decision was unanimous By S JAYASANKARAN in Kuala Lumpur MALAYSIAN Prime Minister Abdullah Badawi, who has come under fire from his predecessor Mahathir Mohamad, said yesterday his Cabinet's decision to scrap a planned bridge to replace the Causeway linking Singapore was520 words
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151 2006-04-19 15 [KUALA LUMPUR] ECM Libra expects its merger with Avenue Capital Resources to create a complete investment bank with capital of more than RMSOO million (Ss22o million) by July this year, Malaysia's Business Times reported. Executive chairman Kalimullah Hassan said this would also include a151 words
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Advertisement138 2006-04-19 15 citiqroupj Thinking for Generations private bank Best Private Bank. for clients with over US$2O million in net assets Best Overall Products and Services Best Quality of Products Most Interesting Product Range Best Customisation of Structured Products to Suit Own Requirements Best for Structured Investments Best for Structured Financing Most Thorough138 words
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GREATER CHINA
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314 2006-04-19 16 ARTHUR SIM - The deal is estimated to be worth between US$85-90m By ARTHUR SIM [SINGAPORE] The real estate arm of the Government of Singapore Investment Corporation, GIC RE, continues to expand in China with its latest acquisition of a controlling stake in China developer314 words
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433 2006-04-19 16 Portfolio of office, retail and industrial properties [HONG KONG] Wharf (Holdings) and parent company Wheelock and Co are planning a real estate investment trust (Reit) consisting of office, retail and industrial properties to tap the market for between HK52.34 billion (*****.6 million)433 words
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Article, Illustration280 2006-04-19 16 AP [SHANGHAI] China's banking regulators yesterday issued rules for commercial banks to invest client funds offshore, an important step towards opening up the country's tightly controlled foreign exchange regime. The regulations are meant to widen the investment options available toAP; REUTERS - 280 words
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147 2006-04-19 16 Reuters [BEIJING] Chinese trust companies that issue false financial statements or other information could be shut down and executives punished by fines of up to 500,000 yuan (5599,862). the financial regulator said on a government website seen yesterday. Trust firms could be shutReuters - 147 words
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Article2335 2006-04-19 16 vol General Corp .0.61 -0.01 27S «>f1l UK OX) Genting .24.90 0.10 241 George Kent 0.55 -0.01 57 AAMReaity 1.36 -0.01 4 GHLSystem *27 unch ***** Abrit ...*36 -0.01 95 Gtobetrorws Tech .0.31 -0.01 1018 ACP Incfcistries 1.05 -0.02 338 GkxnacBhd 129 0.01 83 Advance Synergy .0.19 -0.012,335 words
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Advertisement1582 2006-04-19 16 SING INVESTMENTS FINANCE LIMITED 1 251E\ AND ITS SUBSIDIARY COMPANY V Incorporated In Singapore. Registration Number: *****0348 D IMPORTANT BOARD OF DIRECTORS The financial information as set out below contain only a summary of the information in the financial statements of Sing Investments Finance Limited and the consolidated financial The1,582 words
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INDIA
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Article, Illustration636 2006-04-19 17 Surging economy makes for strong liquidity but too-rich valuations NYT [BANGALORE] Shashibhushana Reddy, a 28-year-old software professional with the local division of Intel Corp, has invested a quarter of his earnings in India's equity markets for the last three years. Mainly choosing media, pharmaceutical, andNYT; AFP - 636 words
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516 2006-04-19 17 SIDDHARTH SRIVASTAVA - By SIDDHARTH SRIVASTAVA in New Delhi WHAT is the common link between private sector giant Reliance, the US$B billion Suzlon Inc, non-resi-dent Indian (NRI) businessman C Sivasankaran, cricket icon Sachin Tendulkar and Bollywood diva Aishwarya Rai? All see profits in wind power, which516 words
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Advertisement78 2006-04-19 17 We are a public company listed on the Kuala Lumpur Stock Exchange and we invite interested parties to bid for the purchase of CASUARINA BEACH RESORT Batu Ferringhi, Penang, Malaysia. Interested parties, please get the bid documents from: Mr. Lee Tel +603 8947 8889 E-mail casuarina.penang@yahoo.com.my Closing date spm on78 words
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Advertisement129 2006-04-19 17 Postgraduate Law at Melbourne Melbourne Law School offers one of the most diverse and highly regarded postgraduate law programs. Coursework programs offered include the Master of Laws, specialist masters degrees and graduate diplomas. More than 130 subjects are offered in 2006 Most subjects taught intensively over one week allowing participants129 words
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ASIA-PACIFIC/WORLD
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537 2006-04-19 18 Caretaker govt will wait for new Cabinet to pass the 1.7t baht projects By OUR CORRESPONDENT in Bangkok THAILAND'S political uncertainty took another turn yesterday as the caretaker Cabinet decided to postpone indefinitely plans to spend 1.7 trillion baht (5571.9 billion) on infrastructure projects.537 words
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Article, Illustration417 2006-04-19 18 It refuses to abandon its nuclear programme Reuters [LONDON] Oil prices hit a record U5572.20 a barrel yesterday as Iran defied world pressure to halt its nuclear programme, raising new fears of a cut in supplies from the world's fourth-biggest crude exporter.Reuters; BLOOMBERG - 417 words
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230 2006-04-19 18 CLARENCE MICHAEL - By CLARENCE MICHAEL in Dubai DUBAI Mercantile Exchange (DME) yesterday said that it would launch a new Middle East sour crude futures contract in the fourth quarter of the year. The contract is expected to provide a benchmark for pricing Middle230 words
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387 2006-04-19 18 LATEST US DATA Reuters [WASHINGTON] US producer prices outside of volatile food and energy costs posted their smallest gain in four months in March and housing starts tumbled, leading financial markets to cut bets on how far interest rates will rise. The LabourReuters - 387 words
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Advertisement664 2006-04-19 18 MOTICFS I L Ni 1 1 L L-J Toll free: 1800-289-8822 Email: sph.com.sg I -1. IN THE MATTER OF THE COMPANIES ACT (CAP. 50,1994 ED) AND IN THE MATTER OF BROADVISiON SINGAPORE PTE. LTD. (In Members' Voluntary Liquidation) (Company Registration No. *****1294Z) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN664 words
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Advertisement432 2006-04-19 18 In The Matter Of The Companies Act, Cap. 50 Ami la The Matter Of DR PHARMA PTE LTD Coopaay Reg. No. *****4557K ~f f, file Me irtai •>ouCf oi v rTuiion rviecung Ptaraant To Sectioa 29* Of The Companie* Act, Cap 50 NOTICE I* hereby given that ponaaat to Scctioa432 words
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Advertisement15 2006-04-19 18 GRAB A COPY NOW! U Mpr ■gy -vT\ .»j I iR J mjt f' Q|Z|^H15 words
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WORLD
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Article, Illustration501 2006-04-19 19 Eisner has been delivering lectures in various countries NYT [LOS ANGELES] When Michael Eisner was cycling in Italy last summer, he encountered a road sign that was so appealing to him that he named his new company after it. The signNYT; BLOOMBERG FILE PHOTO - 501 words
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722 2006-04-19 19 Demand for fuels made from corn, sugar, soya beans will increase Bloomberg [NEW YORK] Record oil prices are accelerating the push for new forms of energy. Microsoft Corp chairman Bill Gates last week invested US$B4 million in ethanol, and fellow computer pioneersBloomberg - 722 words
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154 2006-04-19 19 Bloomberg [NEW YORK] AES Corp, a US electricity producer with operations in 25 countries, plans to invest US$l billion in wind power and other alternative energy sources over the next three years. The plans include spending about US$5OO million on new windBloomberg - 154 words
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Advertisement173 2006-04-19 19 Diners Club Card To apply, call 6416 0980 A WorlJ of Exclusive Privileges Treats Diners Club BMP wwtcJiners.com.sg 1!# International' Caliterra Merlot 02 With blends of aromas such as black and red cherries and is topped off by a light vanilla note brought about by aging in oa/c. Caliterra Chardonnay173 words
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Advertisement244 2006-04-19 19 Asia's award-winning gourmet event, the World Gourmet Summit returns this year with the theme'Celebrating A Decade of Epicurean Excellence'. Pontini is honoured to host One-Michelin Star Chef Gennaro Esposito from I 9 22 April. Pontini offers the traditions and hospitality of Italy in its enticing fine fare which allows no244 words
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Advertisement47 2006-04-19 19 A FINE WIN B ROSABROOK MARGARET RIVER atticuiJ budafris .■•?>» 1 ">J v < _>' v^* Jl MAft #01 -05a. block 3D, river valley road, clarke quay, Singapore 179 023 phone +65 6837 2800 fax +65 6837 2900 SHp^JSHESBHBr sasSSSsr 0 (te -S—-V 5 a member of Palate Vive group47 words
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AVIATION
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Article, Illustration722 2006-04-19 20 They want to know his plan to raise returns after takeovers rejected Bloomberg Reuters [LONDON] BAA pic shareholders say chief executive officer Mike Clasper, who rejected two takeover bids for London's Heathrow airport's owner, must show how he will raise returns and profit.Bloomberg; Reuters; BLOOMBERG - 722 words
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Article, Illustration357 2006-04-19 20 Bloomberg [BANGKOK] Thai Airways International pel, the country's biggest airline, appointed Apinan Sumanaseni as president, ending an eight-month search that began when Kanok Abhiradee was stripped of his powers amid an accounting probe. THAI's board chose former pilot and 30-year company veteran MrBloomberg - 357 words
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286 2006-04-19 20 Reuters LAT-WP [NEW YORK] Three former Boeing Co employees have alleged that the top US planemaker installed improperly fitting parts in hundreds of Boeing 737 commercial jets, the Washington Post reported on Monday. Boeing has denied the whistle-blowers' claims, contained in aReuters; LAT-WP - 286 words
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201 2006-04-19 20 AFP [GENEVA] A former senior manager of the defunct airline Swissair has agreed to pay back part of a financial package he received when he left the collapsing company in 2001, according to a report on Monday. The carrier's former development directorAFP - 201 words
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209 2006-04-19 20 Bloomberg [HONG KONG] Air China Ltd, the nation's biggest carrier, posted an unexpected increase in 2005 profit after it flew more passengers and made a gain from the revaluation of the Chinese currency. Net income rose by less than one per centBloomberg - 209 words
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Article2181 2006-04-19 20 CITY FLIGHT FTA FU6MT m> Beat Mi?W 1W M<5W Q9Q? crv.cc MM S2081 0630 S2082 0910 LH9771 17SO LH9770 2345 SQ407 0715 IC860 0925 SO230 750 W229 2*5 0740 A* 481 1625 K359 0805 !>Q4Q6 1??? ntHo aH»» 2255 DaapaaarB* SQ141 1145 SQ142 0935 *SS II2,181 words
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Page 20 Miscellaneous
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Miscellaneous212 2006-04-19 20 CRYPTIC CROSSWORD 7 Criminal worker found after awful crimes (9) 1 Officer's quarters housing re25 See man on board (6) 14 Catch line unravel using a YESTERDAY S SOLUTION 2 It cuts the pack (3-3) specialised skill (9) Across: 1 Crossbill, 8 Finishing--3 Laurence looks terrible in blue 16 Money212 words
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SHIPPING
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Article, Illustration632 2006-04-19 21 China says that notification of ban made because of a 'technicality' Bloomberg [TOKYO] China has acknowledged that closing a disputed area in the East China Sea to international shipping was a mistake, Japanese Chief Cabinet Secretary Shinzo Abe said. China's ForeignBloomberg; REUTERS - 632 words
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248 2006-04-19 21 AFP [HONG KONG] The United States needs to engage overseas port operators rather than antagonise them if it hopes to implement tough new anti-terror rules, the head of Hong Kong's top port operator said. Hutchison Ports Holdings managing director John MeredithAFP - 248 words
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Article, Illustration915 2006-04-19 21 DAVID HUGHES - STRAIT TALK By DAVID HUGHES SO, is anybody out there familiar with the details of the Conference Report for the US Coast Guard and Maritime Transportation Act of 2006? No? 1 thought not. And you can be excused for not downloading a copy915 words
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345 2006-04-19 21 AFP [NAIROBI] The United States has agreed to patrol the pirate-infested waters off the coast of lawless Somalia where an increasing number of merchant ships have been attacked and hijacked by gunmen, the country's prime minister said yesterday. Although US officials said they wereAFP - 345 words
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475 2006-04-19 21 Bloomberg [SINGAPORE] Hyundai Heavy Industries Co and South Korea's eight other dockyards said orders for new vessels surged to a record US$l2 billion in the first quarter because of a rush of contracts before a stricter design rule took effect. South KoreanBloomberg - 475 words
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Article282 2006-04-19 21 SGX '000 Apr 18 SS *4- Vol CH Offshore .0.41 0.01 2824 ChuanHi*) 0.35 0.01 2989 Cosco Corporation 1.34 0.10 ***** CWT Distribution 1.33 -0.01 507 Ezra Hldgs 337 0.01 312 Freighttfnks- ..339 -0.01 ***** Grand Banks Yacht .0.90 0.02 4 iaya Holdings 1.31 unch 439 K1 Venture.™282 words
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Page 21 Advertisements
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Advertisement88 2006-04-19 21 "SHIPOWNERS HI |fh International Ship Registries (ISR) provides fast efficient service for registration licensing of wfv ships under various flags. International Ship Classification (ISClass) is an SB {Jfj independent organization providing classification In isciats services for newbuiidings existing vessels as R well as statutory surveys certification on behalf pEc of88 words
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EDITORIAL & OPINION
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Article509 2006-04-19 22 EDITORIAL THE 20th century saw three long commodity bull markets 1906-1923, 1933-1953, and 1968-1982. The average duration was more than 17 years. The current upturn which has seen crude oil prices surging 285 per cent, gold prices going up 118 per cent and509 words
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Article, Illustration1012 2006-04-19 22 G PANICKER - PM Manmohan Singh urges states to improve governance, beef up security G PANICKER China's villages are restive because .the countryfolk feel that they are not getting their share of the nation's prosperity. Similarly India, though less rich, has a rural problem inREUTERS - 1,012 words
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Article, Illustration783 2006-04-19 22 FRANK CHING - THE BOTTOM LINE FRANK CHING A YEAR after anti-Japanese demonstrations, often violent, broke out in China, the two countries are no closer to resolving their many differences over history, over the demarcation of their maritime border and over the exploitation of natural783 words
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Article, Illustration1496 2006-04-19 23 JOHN MARKOFF - The same material that is used to produce computer chips makes photoelectric cells more efficient for the solar industry By JOHN MARKOFF NYT TJ RODGERS is surrounded by a sea of silicon wafers on the roof of his company's headquarters in aNYT; AFP - 1,496 words
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274 2006-04-19 23 Ang Hao Yao Singapore - LETTERS TO THE EDITOR Ang Hao Yao Singapore 1 REFER to the article by Michelle Quah "Directors more informed about their firms: survey" (BT, April 12). The writer quoted a survey which notes disturbingly that many companies are still rewarding their executives with274 words
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Page 23 Advertisements
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Advertisement102 2006-04-19 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter&sph.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.102 words
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Advertisement1002 2006-04-19 23 [*AT3 NOTICES Toll free- 1800-289-8822 Email: notices^sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER Of OCE (FAR EAST) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****0316N NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of the Company held at 190 Mocpherson Road,1,002 words
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Article11101 2006-04-19 24 SGX MAINBOARD Transaction date: Apr 18 52-Wk Tel Lart Vol Day LutQwU GrDt* Mf GrYW MM MCap High Low Code Company Sdo fOOO) Wtfc low Buy* Sdtor Cvr Prft Snjl 5 1 5716 1st Software 5< 2.5 -0.5 1387 3 2.5 2.5 3 10.1 17.5 6 3148 STelecom11,101 words
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Article6052 2006-04-19 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy %yr dy Syr Apr 17 Index Change Change Change Change Change Change World Index Preliminary 1021.5 -0.1 5.4 gi 2.8 0l5 6.7 EAFE Preliminary 1044.1 -0.3 73 0.5 6.1 0.9 102 Europe Preliminary6,052 words
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Page 26 Advertisements
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Advertisement1250 2006-04-19 26 NYK GROUP SOUTH ASIA PTE LTD A>flm rmO «JT TEL:6295 0123 VI" XV A IkliNE A 9 Xm LINE Fax:*****Bs6(Regionalsales)/*****109(0P5)/6299 5785(Documentation) NIPPON YUSEN KAISHA TOKYO OMXV KASHA. UO. (C/R NO: **********0E) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NASSAU PARADISE RDM/A7W/BMN/TLB/NAN TIAN SHAN HAI VCB/VCW/lAX/MZL Loads Sinqapore, E./W. Malaysia, Indonesia1,250 words
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Advertisement756 2006-04-19 26 IwmKAiu toto iwvici vesa/vor ramped hbgmiwi m ecu m sm jkt STRAITS VENTURE 04/04 IS 32 04/04 MAM 20/04 23/04 25/04 STRAITS VENTURE 07/04 1$ 3.2 27/04 30/04 04/05 07/05 M/ 05 [straits venture OR/04 15 3.2 11/05 15/05 i»/os 21/05 23/05 IAIHftAIIAW toto StViq 1 »Bsa/vor rampqcd I hbghteqi756 words
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Advertisement1955 2006-04-19 27 WAN HAI RMTBWATIONAL PTE LTD CR NO: 14******000/1 IrrrA linn T1L*****58S (14INKS) FAX; *****163 V\\M WAN HAI I InFN Stnte/BoakfagsDkactLte• (1800)*****200 V V ffflll lIMI LI IVmm tm mil: (OS 3MMMW: (OS) *****2 Mm IB: to4»H*s4ooF**|o4)H*»W V IOH IB: 07) ISIWZ3 MX: *****1M21 MM: H3I)32fM7SNtX: 1031) *****14/ *****1$ www wnnlini1,955 words
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Advertisement2116 2006-04-19 27 m a sxA, WEEKLY EXPRESS SAILING SCHEDULE I" ALSO ACCEPTING TO ALL NORTHERN AMD WESTERN ICP POINTS I VESSEL I VOT |sw 1 PJOANG! COLOMBO H SHEVA 1 COLOMBO I MTA PEtTAMA IYTMO3SII7AFK I 18APK 121 AfK 124 Aft I 27 API I IWGSOHI 1 0103W 11} MAY I 16MAY2,116 words
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Advertisement877 2006-04-19 28 HNordana (Asia) Pie Ltd LST' 70 Shwfen Way, *21-03 Mrtw H-w Sh|jir« 0791 It NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WfSTiRN AUSTRAUA AND ISLANDS DATES AK AMIW DATES Ivissa VOT Sh—in Jdwrta SiSI I Fn—th CwtliW Chist—s Mod |NrirG»4—~| blond Express 1E603 1 SUtL IMb Him 21M 21iK MM877 words
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Advertisement739 2006-04-19 28 Tuufi* IISi I nM iSfe WMM M/S Kit* BML Mr~ VE==tt==HF=HF HtllH I 17HH I H/M I B7M "1 mim I 4111 _L^l2h_L_g^— m Mr~ —fl« SSh— As 9m S&rP w Ehmml =s==ir m azß |Bg ha Ig «i§ I jBOWBHWI 003 14/05 70/05 24/05 1 IS/OS VfSSU VOY SM739 words
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Advertisement374 2006-04-19 28 i BSA x. MYANMA nM FIVE STAR LINE (Myomar NotioMl Line) Ltodtag lor Yhjn VESSEL VOT SIN PKL PtN PGU CHM SHWI HAW 90W SID PAGAN 349W SU> IN MALAYSIA: BOUSTEAD SHIPPING AGENCIES Klll/PKL 03-300 SI 3M PEN: 04-*****15 ACCEPTIM6 CONVENTIONAL CfiO VBSa VOT KG SM I*l COCOA HEAT 14374 words
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THE BUSINESS TIMES SHIPPING TIMES
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6650 2006-04-19 29 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyafe Telephone SIN Desfn Name Name Number Number SIN Dast'n Name Name Number Number 20/05 10/06 Eurasia P GOlDtN MERCHANT 1 1 *****673 To ABIDJAN (ABJ) 2003 Cote D'lvoire 27/04 05/06 China Shpg6,650 words
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MOTORING
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711 2006-04-19 30 SAMUEL EE - As COE premiums plunge, Japanese marques catching up with the Koreans By SAMUEL EE CONTRARY to the belief that weekend cars are mostly budget models, the recent plunge in COE premiums has resulted in a changing mix, with buyers of more expensive and711 words
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Article, Illustration479 2006-04-19 30 SAMUEL EE - By SAMUEL EE THIS Friday's launch of the R32, the most powerful Volkswagen Golf production model available, continues the German carmaker's offensive here and its pledge to introduce a new "premium product" in every segment. There are already five orders for the steroid-in-duced R32, which479 words
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Page 30 Advertisements
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Advertisement291 2006-04-19 30 The Psychology of Successful Investing LEARN HOW TO APPLY PROVEN METHODOLOGIES I FOR LIFELONG SUSTAINABLE INVESTMENT RESULTS I 1 The logical economic principles that How to dovetail your investment The 4-step proven mechanism behind How to eliminate the dangerous solid portfolio returns temptation of market timing How to override the291 words
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Advertisement91 2006-04-19 30 ■■i HH I V Security J L^ s2 World's I st Floating I.D |H f/A World's Patent Floating I ira Technology H I J I M Hackproof, Proof Quality First! since 1974 Share in Korea I v .A-'', *I*^* H *£29 hidlM i I £^=====a^Bli^BV^7.l Jak HiUiUUiiff* I NEW! BBS91 words
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Page 31 Advertisements
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Advertisement137 2006-04-19 31 At ÜBS, Wealth Management is not simply built on a relationship with your money. It is constructed around a deep relationship with you. A partnership designed to craft a portfolio as individual as your needs and as important as your aspirations. Meeting those aspirations means harnessing the most advanced products137 words
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executive Money
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891 2006-04-19 31 DENNIS MCEVOY - <tax@kpmg> By DENNIS MCEVOY HUMAN resource directors are under increasing pressure to reduce the cost of international assignment programmes and, as a result, often turn to localisation. The KPMG 2005 Localisation Survey for the Asia-Pacific region showed that 65 per cent of participants891 words
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Article, Illustration794 2006-04-19 31 CHET CURRIER - Mutual funds' past performance gives no assurance of future results, warns CHET CURRIER CHET CURRIER Bloomberg THE great mutual-fund performance chase is on again. International and emerg-ing-markets funds have racked up impressive gains and no surprise, money is now pouring into those funds. Commodity marketsBloomberg; REUTERS - 794 words
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Article, Illustration1229 2006-04-19 32 MICHAEL PREISS - Russia is the real emerging market story this year and there's room for further growth with several jumbo IPOs in the pipeline MONEY MATTERS MICHAEL PREISS RUSSIA so far this year is the third best performing equity market in the world, rising 34 per cent sinceBLOOMBERG - 1,229 words
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Article, Illustration657 2006-04-19 33 GENEVIEVE CUA - Up to 17% growth in markets will fuel demand for structured products, writes GENEVIEVE CUA GENEVIEVE CUA THE wealth markets of China, India and Korea are expected to grow by up to 17 per cent a year for the next three years, a survey ofSource: Bardays Capital - 657 words
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429 2006-04-19 33 Chua Boon Lee - By Chua Boon Lee ALTHOUGH global equity as an asset class has generated handsome returns in the last three years; the search for alternative investments has continued unabated. The hunt for higher yielding "unconelated" investments has been mainly driven by US institutions seeking to diversify429 words
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Article, Illustration1328 2006-04-19 34 GENEVIEVE CUA - Fund managers say valuations are not 'out of kilter', but correction may be in sight. GENEVIEVE CUA looks at the performance of regional equity funds in the first quarter GENEVIEVE CUA STRONG fund flows into Asian equity markets and rotation into China and small cap plays1,328 words
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Advertisement51 2006-04-19 32 f nHjuw I lilHh! yy» JK 190 Orchard Boulevard y Window West (20th floor) Dates: 22 &25 April (Sat&Suii) p.-- a! I tUK'"iora to UIH IMlitpNw will be talk. I 8' ■^gpp 2 BsS^p"- I WHARF 1 whE H j '—*'jCW j|' *^f CBRICHARO ELLIS J jft; 3 j-J 151 words
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Advertisement137 2006-04-19 32 COSMO LADIES NIGHT EVERY WEDNESDAY Complimentary Cosmopolitan Martinis, Chocolate Fondue Fountain Strawberries for ladies 6pm 9pm DJ Titus spins Funk Soul MB DAILY SPECIALS 4pm Bpm One for One on house pour spirits and draught beers THURSDAYS: BOTTLE MANIA All bottle spirits at 30% discount ALL NIGHT DJ ntus spins137 words
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Advertisement455 2006-04-19 33 v FRANKLIN TEMPLETON FUNDS ll 1 YEARS IN SINGAPORE mmmmm fIHIHHHI HHHHHI H 28 October 1$9 6 1 Hefc:26 August 199 C v»lue Investment J9 investment AmtrKM *u i v SAVOUR THE FRUITS OF OUR EXPERTISE. •,Y ~r .f V vV; •k ;V [fIPKBj Franklin Templeton first umbrella funds Franklin455 words
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Advertisement37 2006-04-19 34 MONEY MATTERS From Russia with profits pg 32 ■sr'* If s ilftJU Ml ll I I L f 1 I •.s ».-Mkmttmm i I a I I H JT iL teair I >r. m *^.<*--,«:w-^y|a|wß6B|..... nWHIBBi HflHttHr37 words
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