The Business Times, 27 April 2006

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Total Pages: 35
1 32 The Business Times
  • 27 1 THE BUSINESS TIMES 9NGATORE 85 cents MICA (P) 099/03/2006 Thursday April 27,2006 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/2006 Thursday, April 27,2006
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    • 230 2 |y the can the jH[ If 1 1 tIGS tO i^^^ x m M M M success and failure. Which is why millions of investors across Rnra jgwsfe. '•;*•>•• >H J! Europe and the United States trust DWS Investments to HP^'^l^liik.■'' iL I CI C« O U I 0 -4'
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  • 1214 1  -  Prices at nearly 40% of prime condos launched in 2005 fell or hardly moved in Q***** By ARTHUR SIM [SINGAPORE] One year after the "OK" on the integrated resorts helped give the property market a boost, prices appear to have flattened out with
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  • Page 1 Advertisements
    • 24 1 ENBLOC SALE COMMENTARY Speculation driving Xpress PG6 r j 2 —^H Hi i^CrLii pp^piipi 1 REPORT, PG 2 PHOTOS: ARTHUR LEE. YEN MENG JIIN
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    • 7 1 ni 8"*****1 *****4 Markets Digest, *9 3
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    • 137 1 COMMENTARY If only Bill Gates made foreign policy *9^H9 PG22 BizH S'pore PC market up sharply in Q1 Pg26 In the fieid of jfyfttalWi Iwjfeyi the decision II to II" meGt mM^^^^W^^^m chaniciil »rt/>* ttt* fttnhfl fttffßmnca to ffttirtfl Inspired by 18' h -centurv marine chronometry that of &mev» S
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  • TOP STORIES
    • 656 2  -  And 41% of respondents feel retirement age should be increased By CONRAD TAN [SINGAPORE] Six out of ten Singaporeans are seriously worried about having too little money in their old age, but only one in ten has actually saved for retirement in the past
      Source: HSBC Future of Resiement survey  -  656 words
    • 417 2  -  On the run: Competitors hitting the road in a riot of corporate colours By MATTHEW PHAN [SINGAPORF] Rain dampened the shoes but not the spirits of the 11,500 runners and walkers in the JPMorgan Chase Corporate Challenge last night. When he saw dark clouds
      PHOTOS: ARTHUR LEE and YEN MENG JIIN  -  417 words
    • 484 2 S'pore March industrial output growth hits 25% SINGAPORE'S manufacturing output last month beat market forecasts to jump more than 25 per cent year-on-year, boosted by biomedicine and transport engineering. This brings first-quarter factory output growth to 20 per cent year-on-year considerably better than even the 16 per cent
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    • 544 2 Parties to contest poll if courts decide on one By OUR CORRESPONDENT in Bangkok THAILAND'S drawn-out political crisis is set to enter a cooling-off phase after the country's monarch appealed to all sides to set aside their differences to help move the
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    • 640 3  -  First quarter's 20% pace beats government flash estimate of 16% By NANDE KHIN [SINGAPORE] Manufacturing output last month beat market forecasts to jump more than 25 per cent year-on-year, boosted by biomedicine and transport engineering, the Economic Development Board (EDB) announced yesterday. This
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    • 449 3  -  Other threats to growth include a bird flu pandemic and global warming, he warns By CHUANG PECK MING [SINGAPORE] Minister Mentor Lee Kuan Yew warned last night that a spike in oil prices to new highs could ruin the
      449 words
    • 140 3 sn 2.596.65 (+13.04) ST INDEX FUTURES 2.595.00 (+13.00) siMsa 308.92 (+1.13) SIMSa FUTURES 309.20 (+1.70) MARKETS Wednesday Change KLSE COMP 949.29 +5.20 NIKKEI 225 17,055.93 +85.64 HANG SENG 16,672.66 +94.89 SET INDEX 770.40 +6.52 JAKARTA COMP 1,481.72 +22.93 MANILA COMP 2,247.14 +14.59 SEOUL COMP 1,451.22 +20.07 SHENZHEN B
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    • 451 3  -  It launches new training course, expands another By LESUE YEE [SINGAPORE] United Overseas Bank is stepping up its drive for talent to help it meet ambitious regional growth targets. It has launched a new training programme in four countries and expanded
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  • Page 3 Advertisements
    • 161 3 Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. WAT-ci VSfc NOTICES •***>' NEW ZEALAND RELOCATION SEMINAR Immigration Policy Changes reflect record low unemployment Protea Pacific Ltd, a New Zealand based Immigration Consultancy, will be giving
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  • GENERAL ELECTION 2006
    • 512 4  -  Topics touched on included political freedom and a 'climate of fear' By CHEN HUIFEN IN the lead-up to the upcoming General Election, the audience at a political dialogue session lost no time in quizzing People's Action Party MP Indranee Rajah on a wide variety
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    • 893 4  -  By DANIEL BUENAS FREE medical benefits, a new community fund financed from their own salaries, and the same programmes that Potong Pasir residents enjoy these are what the Singapore Democratic Alliance (SDA) sixman team for Pasir RisPunggol GRC hopes to provide, if elected. The package
      893 words
    • 348 4  -  By MICHELLE QUAH LAWYERS for Prime Minister Lee Hsien Loong and Minister Mentor Lee Kuan Yew yesterday served defamation writs on the Singapore Democratic Party and its chief Chee Soon Juan following their refusal to apologise for allegedly libelling the two
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  • Page 4 Advertisements
    • 218 4 At this interactive learning event, learn from worldclass knowledge pioneer on the two critical areas for effective strategy managing the knowledge of the informal organisation through resilient networks, and the power of narrative techniques in areas of disclosure Bt Efl It will include radical new developments in quantitative Hk monitoring
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  • Page 5 Advertisements
    • 411 5 l fr\. t, Sale of One Philip Street via private treaty gi• aKBfIIMtfHP M l l r"-' V r .f| ~>;>%>;: .ulnii:.!^ 4 I jJjj/2 Sale by tender of Cockpit Hotel If 5307 million (1V96) Sale ot 1 3 units ot The Tomlinson 1 V Vv i $53 79 million
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  • COMPANY NEWS
    • 622 6  -  HOCK LOCK SIEW By WONG WEI KONG Mercurial businessman KK Fong is working his magic again. Since he made a comeback to speed printing firm Xpress Holdings, the company's share price has hit the roof. When Mr Fong was appointed chief operating officer on Jan 29, Xpress's
      622 words
    • 355 6  -  AGM WATCH By ROLAND LIM MEDIARING yesterday obtained approval to make its takeover bid for regional Internet service provider Pacific Internet (PacNet). The communications company involved in Internet telephony technology said it would continue to look at other acquisition prospects. "We will continue to
      355 words
    • 414 6  -  Proposed change fails to get 75% support at EGM By GRACE CHONG BOTH management and minority shareholders of Nat Steel Ltd left the company's extraordinary general meeting yesterday frustrated, after its fourth attempt to change its name fell through. The special resolution needs 75 per
      414 words
    • 517 7  - Sale proceeds: What's SembCorp's plan AGM WATCH Some analysts look forward to good dividend payout following $749m sale of SembLog stake, but this is by no means certain CONRAD RAJ Senior Correspondent NOW that SembCorp Industries (SembCorp) has sold its 60 per cent stake in SembCorp Logistics (SembLog) to Australia's
      FILE PHOTO  -  517 words
    • 450 7  -  By NOOR AISHA AS it had indicated, SembCorp Logistics* new controlling shareholder Toll (Asia) yesterday voted against a resolution to pay a final dividend of 1.45 cents a share. At the company's annual general meeting yesterday, shareholders who supported the
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    • 560 8  -  CORPORATE RESULTS Contributions from overseas earnings higher at 53% By KALPANA RASHIWALA KEPPEL Land, which is listing its K-Reit Asia on the Singapore Exchange tor morrow, yesterday posted a marginal 0.3 per cent year-on-year increase in group net profit for the first
      FILE PHOTO  -  560 words
    • 435 8  -  By WONG WEI KONG SINGAPORE Technologies Engineering (STE) yesterday reported flat earnings for the first three months of this year, although its quarterly turnover crossed the billion-dollar mark for the first time. The defence conglomerate said net profit for the first quarter of
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    • 337 8  -  By OH BOON PING UNITED Test and Assembly Centre (Utac) yesterday said earnings jumped 5 times to US$2O.7 million for its first quarter ended March 31, 2006, thanks to robust demand for chips used in consumer gadgets. Revenues expanded 63.4 per
      337 words
    • 370 8  -  By AMIT ROY CHOUDHURY VENTURE Corporation, which is the largest electronics contract manufacturer listed on the Singapore Exchange, has recorded a 10.2 per cent rise in net profit for its first quarter ended March 31. This was helped by growth in sales of
      370 words
    • 415 8  -  By SAMUE LEE STRICT cost controls have helped Jackspeed Corp's net profit inch up 6 per cent to $2.61 million for its full year ended Feb 28 despite its revenue slipping 3 per cent to $31.80 million. The homegrown leather trim manufacturer with
      FILE PHOTO  -  415 words
    • 318 8 Company intends to keep growing through M&As FERROCHINA Limited, a China-based manufacturer of heavy-gauge galvanised steel coils, kicked off its first quarter with a 38.4 per cent increase in net profit to 41.7 million yuan (SsB.3 million), up from 30.2
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    • 314 9  -  Reports by ARTHUR SIM SUNTFC Real Kstate Investment Trust (Suntec Reit) announced a distribution income of $23.5 million yesterday when it released its results for its second quarter ended March 31. This is an increase of 19.4 per cent over
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    • 268 9 MACQUARIE MFAG Prime Reit (MMP Reit), which owns 74.2 per cent of Wisma Atria and 27.2 per cent of Ngee Ann City, has recorded a net property income of $17.3 million for its first quarter ended March 31, 2006. This is 5.7 per cent higher
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    • 100 6 This announcement appears as a matter of record only 26 April 2006 02 WSRLD BRIGHT WORLD PRECISION MACHINERY LIMITED (Company Registration No. *****9453N) (Incorporated in the Republic of Singapore on 28 July 2004) Invitation in respect of 105,000,000 Invitation Shares comprising 100,000,000 New Shares and 5,000,000 Vendor Shares as follows:(1)
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    • 1024 6 I" A WURLD BRIGHT WORLD PRECIBION MACHINERY LIMITED (Company Registration No. *****9453N) (Incorporated in the Republic of Singapore on 28 July 2004) IntltatlM in reaped of 105,000,000 Invitation Shares comprising 110,110,M0 Now Shares and 5,000,000 Vondor Shares as follows: (1) 5,000,000 Offer Shares at $0.30 for oach Oflor Share by
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  • Page 7 Advertisements
    • 68 7 Kr H- .:r K v H "WIk '"*S 11 ■■Mi-..-. Since 1856, we have focused on bringing new perspectives to our clients. It's a tradition based on analyzing both your specific needs and the international markets to identify future opportunities for you. By creating solutions ideally suited to your particular
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  • Page 8 Advertisements
    • 278 8 Notice In accordance with section 35(5) of the Trade Marks Act (CAP 332), EURO PACIFIC BEVERAGE PTE LTD of 10 Übi Crescent Lobby C #05-42, Übi Tech Park, Singapore *****4 ("EURO PACIFIC") hereby notifies the general public that the "Long Island T" mark ("the Trade Mark") is a registered trade
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  • Page 9 Advertisements
    • 1701 9 IHIUV»UILand Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE QUARTER ENDED 31 MARCH 2006 As for the office market, the current uptrend for rentals and occupancy is expected to continue over the The Directors of Keppel Land Limited announce the
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  • SINGAPORE MARKETS
    • 518 10  -  STOCKS Banks, Hongkong Land, Singapore Airlines and Singapore Telecom provide the thrust R SIVANITHY Senior Correspondent f A PUSH on the three banks, Hongkong Land, Singapore M m Airlines and SingaM m pore Telecom helped send the ■k Straits Times Index mm wk
      Source: Bloomberg  -  518 words
    • 1031 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 25 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy Shares Per Before After Stock Date Director Sen '000 Shr ('000) (*000) Lafe Tech 25-Apr-06 Ho Wing-On *Buy 2195 0.20 *****0 67.94 *****5 68.15 LafeTech 25-Apr-06 The Grande Grp
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    • Article, Illustration
      952 10  -  Compiled by UMA SHANKARI Sing Tel April 26 dose: $2.75 GOLDMAN SACHS. April 25 SINGTEL will announce on May 4 its results for 4Q06, ended March 2006. We are forecasting an underlying net profit of $682 million in 4Q, implying a 12 per cent quarter-on-quarter decline. For the
      Source: Bloomberg  -  952 words
    • 534 10  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar regained a bit of composure against some Asian counterparts yesterday after suffering sharp losses at the start of this week, thanks in good part to a couple of good-looking US numbers released overnight. By the Asian
      Source: Reuters  -  534 words

  • STOCK FOCUS
    • 1377 11  -  3-in-l coffee mix and cereal products maker Super Coffeemix has been making profits year after year since 1994, writes TEH HOOI LING TEH HOOI LING A COMPANY started with no great ambition but as a pastime, Super Coffeemix Manufacturing has exceeded all expectations. Last year,
      YEN MENG JIIM; Compiled by BT  -  1,377 words
    • 2519 11 vol General Corp 0.73 0.02 561 Apr 26 KM COOP) Genting 24.70 -0.30 525 George Kent 0.56 0.01 119 ASM Realty 1.36 unch 2 GHl Systems 0.27 -0.01 ***** Ab™ 0J6 -0.01 58 Globetronics Tech..'......-. 0.34 -0.01 1772 ACP Industries 1.09 -0.02 290 GlomacBhd 1.32 unch 471 Advance
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  • ECONOMY WATCH
    • 605 12 Reuters' quarterly poll also shows inflation remains contained in N Asia Reuters ISINGAPORE] Asian economies are powering ahead on the back of an unexpected pick-up in demand from Europe, Japan and the United States, prompting economists to raise their growth forecasts for this
      Reuters  -  605 words
    • 394 12 Highest since introduced in April 2004, as inflation surges Bloomberg [KUALA LUMPUR] Malaysia's central bank has unexpectedly raised its key interest rate for the second time this year after inflation surged to a seven-year high in March. Bank Negara Malaysia increased the overnight
      Bloomberg  -  394 words
    • 593 12 Reuters [WASHINGTON] Susan Schwab's first challenge as US President George W Bush's new trade is to prove her political dexterity and quell whispers that the US has given up on world trade talks, experts say. Ms Schwab, now the deputy US
      Reuters; AP  -  593 words
  • Page 12 Advertisements
    • 1884 12 m NOTICES Toll free: 1800-289-8822 Email: notices@sph.com sg BUY IT SELL IT FIND IT f^SUNTEC 3 Real Estate Investment Trust I NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Suntec Real Estate Investment Trust ("Suntec REIT") will be closed at 5.00 p.m. on 5 May
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    • 194 12 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF WINTECH REALTY PTE LTD COMPANY REG. NO: 2000-*****-E ON VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of WINTECH REALTY PTE LTD duty held and convened at 3791 Jalan Bukit Merah #01-06
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  • SINGAPORE NEWS
    • 519 13  -  Global environment stable, outlook for Asia positive, say economists BRIGHTER INVESTMENT OUTLOOK By LESLIE YEE A SLOWING US economy but one with little recession risk, a stable Asia and a strong Singapore economy which could surprise on the upside was the picture presented by United
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    • 255 13  -  By GRACE CHONG PRUDENTIAL Assurance Company is planning to expand its suite of products to capture a bigger slice of the retirement market and high net worth clients in Singapore. "We are looking to bring in more retirement products which have been successful
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    • 327 13  -  By OH BOON PING DWS Investment a division of Deutsche Asset Management is launching a pair of investment funds which will focus on undervalued Asian small and mid-cap stocks. The first of the two, the DWS Asian Small/Mid Cap Fund, is to include shares in
      327 words
    • 399 13  -  Of 97 brands that achieve 'trusted' status, 17 are local By MATTHEW PHAN THE national airline SI A retains its place as one of Singapore's premium brands, though biscuit maker Khong Guan and local jewellers like Lee Hwa, Poh Heng and
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    • 191 13 SINGAPORE will play host to more than 350 top business leaders, tycoons and politicians from around the world at the Forbes Global CFO Conference on Sentosa, starting Sept 4. This three-day conference gives them an opportunity to network and discuss business plans. And
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    • 294 13 THE Business Times will soon set up a new e-Club for its advertisers, as it works to improve the communication flow with them. The move to launch the two-way online communication was announced by the paper's editor, Alvin Tay, yesterday at a trade
      ARTHUR LEE  -  294 words
    • SINGAPORE ROUNDUP
      • 58 13 THREE consortia have been shortlisted for the Singapore Sports Hub project. They are the Alpine Consortium (led by Alpine Mayreder Bau), the Singapore Gold Consortium (led by Macquarie Bank) and the Singapore Sports Hub Consortium (led by Dragages Singapore). The winning group will
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      • 50 13 Reuters GINGA of Singapore, which is Asia's top broker of naphtha, will expand its energy business in Asia despite increased regional competition and will start up in Europe this year, by exploring new derivatives markets such as coal, liquefied natural gas, and freight.—Reuters
        Reuters  -  50 words
  • Page 13 Advertisements
    • 452 13 >AT-^ NOTICES BIC BRC Asia Limited (Incorporated in the Republic of Singapore) Registration No: *****0054G NOTICE IS HEREBY QIVEN that an Extraordinary General Meeting of the Company will be held at Raffles Marina Ltd, 10 Tuas West Drive, Singapore *****4 on 16 May 2006 at 2.30 p.m. for the purpose
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  • SINGAPORE INTERNATIONAL
    • 640 14  -  Proximity and familiarity are factors which continue to lure S'pore SMEs to invest in neighbouring countries, says CHUANG PECK MING CHUANG PECK MING THE government is making a new push for Singapore companies, especially small and medium-sized enterprises, to venture abroad. And the neighbouring Asean
      FILE PHOTO  -  640 words
    • 485 14  -  By EUGENE TAN WHAT should an SME look for in a financial advisory partner? A strategic financial advisory partner must be able to offer its clients an entire spectrum of financial products, leaving the client room to focus clearly on
      485 words
    • 715 14  -  Private and government sectors must do their part By ONG KENG YONG HOW can Asean SMEs be empowered to take advantage of the vast opportunities in development and internationalisation? The catalysts for this have to come from both the private and government sectors. First,
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  • Page 14 Advertisements
    • 225 14 j" Thinking of venturing overseas but don't know where to start? Jumpstart your market research and intelligence gathering at the JWf* 5 W M**\S IE Singapore Resource Centre, the one-stop shop for all your information needs. You can access macroeconomic country data, conduct I f V industry researches, extract trade
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    • 9 14 ENTERPRISE THE Business Times SINGAPORE Singapore lyMftlstvy of Tludt
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  • MALAYSIA
    • 472 15  -  Exchange seen still competitive despite up to 10x rise in mainboard cost By PAULINE NG in Kuala Lumpur BURSA Malaysia's move to jack up its listing fees for the first time since 1991 by up to 10 times for mainboard aspirants will
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    • 212 15 Bernama [KUALA LUMPUR] The Securities Commission (SC) yesterday introduced a set of enhanced guidelines aimed'at promoting greater protection for shareholders and investors, as part of its continued efforts to develop a facilitative regulatory framework for fund-rais-ing. Guidance Notes 6D, 8C and 12C came into
      Bernama  -  212 words
    • 674 15  -  By S JAYASANKARAN in Kuala Lumpur THE adjournment of a crucial meeting of Rashid Hussain Berhad (RHB), which controls the fourth largest bank in Malaysia, because of a shareholder dispute could lead to a battle for control of the group itself. In the process, it
      BLOOMBERG  -  674 words
    • 508 15 Bloomberg [KUALA LUMPUR] Tenaga Nasional, Malaysia's biggest power producer, and other state-run companies may save as much as RM9 billion (Ss4 billion) on procurement by adopting new government guidelines. "Procurement is a key cornerstone" in the revamp of govern-ment-linked companies to "create
      Bloomberg  -  508 words
  • Page 15 Advertisements
    • 73 15 Unsurpassed levels of comfort? Well, don't take our word for it. Try it for yourself. The award-winning Qantas Skybed, with an in-built back massager and an extensive range of seat adjustments, offers outstanding comfort in every position. So whether you're relaxing, working or sleeping, your comfort is our priority. That's
      73 words

  • GREATER CHINA
    • 331 16 But trend unlikely to stop issuing of CDMA 3G licences [HONG KONG] The gap between the number of GSM and CDMA mobile phones sold in China last year widened from a year earlier from a ratio of around 5-1 to 10-1,. although
      331 words
    • 651 16 Float will be 20% of share capital in what is likely to be a US$7b deal Reuters {HONG KONG] Bank of China (BOC), the mainland's second-largest lender, has been forced by Hong Kong Exchanges Clearing to boost the size
      Reuters  -  651 words
    • 69 16 AFP [HONG KONG] Hong Kong Chief Executive Donald Tsang smiles to photographers after putting on a trader's vest with the Chinese lucky numbers "3828" in Hong Kong yesterday. Mr Tsang was attending the opening of the Exchange Trading Hall and Exhibition Complex. The new hall has
      AFP  -  69 words
    • 235 16 Bloomberg [HONG KONG] Shares of CNOOC Ltd, China's biggest offshore oil producer, rose after the company's firstquarter revenue jumped 45 per cent and output growth beat some analysts' estimates. CNOOC shares rose for the first time in four days, gaining as much as
      Bloomberg  -  235 words
  • Page 16 Advertisements
    • 287 16 Treo" 650 V > Xr*- 1 fIfISHWH Sh—ti tr^ T r-.JZZZ.* j i< WPßl—lfeSi:- twiOfMMiOiKt) jg fr vg»9 1 5 j j' m «t'» an" A /k &aHKM*rt «^|«yy| w, »»»>» jf'^;,;;jgß>. pf J I" <j m yi. m *5 j Ui~Km?^T*fl«i3P"' ■<".. -?££?rs* a .-V K Sing Tel "Blackßerry
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    • 708 16 >AT^ NOTICES CD SHANGHAI TURBO ENTERPRISES LTD. (Incorporated in the Cayman Islands on 14 July 2005) (Company Registration Number: CT-*****4) Notice of Books Closure and Dividend Payment Date Notice is hereby given that the Transfers Books and the Register of Members of Shanghai Turbo Enterprises "Company") will be closed on
      708 words

  • INDIA
    • 453 17 Liberalising global commerce can't be at expense of poor nations: minister AFP [GENEVA] Indian Trade Minister Kamal Nath on Tuesday warned rich countries to stop sidelining the interests of the poor in WTO talks on liberalising global commerce, saying an international accord
      AFP; REUTERS  -  453 words
    • 447 17 Drug firm Cipla's Q4 profit jumps 81 Bloomberg [NEW DELHI] Cipla Ltd, India's second-biggest drug maker, said profit rose 81 per cent in its fourth quarter, boosted by higher local and overseas sales. Net income rose to 1.91 billion rupees (5567.4 million) in the three months ended March 31 from
      Bloomberg  -  447 words
    • 509 17 Increase boosted by demand for Swift and Alto cars Bloomberg (NEW DELHI] Maruti Udyog Ltd, India's biggest carmaker, said fourthquarter profit beat estimates and rose 39 per cent, boosted by demand for Suzuki Motor Corp's Swift hatchbacks and Alto minicars. Net income climbed
      Bloomberg  -  509 words
  • Page 17 Advertisements
    • 503 17 bBBH T *HWKP *n| ImBI m fnn HHr pf P* I: JWPSf m .^jP^MfpHgt'l 1 7 Raffles Boulevard, Marina Square, Singapore Tel (65) 6336 8111 Fax (65) 6339 1861 Email singapore@panpacific.coni singapore.panpacific.com Diners Club Card r.w»«»64i609«0 World of Exclusive Privileges Treats Diners Club VHHHHP w international• -v »r »y k
      503 words

  • ASIA-PACIFIC/WORLD
    • 361 18 LATEST US DATA Commerce Department says pain is the largest since May 2005 Reuters [WASHINGTON] New orders for US-made durable goods surged a much larg-er-than-expected 6.1 per cent in March on hefty aircraft orders, but the housing market showed new signs of cooling,
      Reuters  -  361 words
    • 499 18  -  By ANTHONY ROWLEY in Tokyo THE impact that soaring oil and other commodity prices is having on corporate profitability was underlined dramatically yesterday when Carlos Ghosn. president of Nissan Motors, disclosed that the company would have made 100 billion yen (551.38 billion) more in
      499 words
    • WORLD WATCH
      • 61 18 NYT [WASHINGTON] President George W Bush announced a series of short-term steps on Tuesday intended to ease energy prices. The measures included a suspension of government purchases to refill the Strategic Petroleum Reserve, a relaxation of environmental rules for the formulation of
        NYT  -  61 words
      • 88 18 Reuters [BEIJING] Microsoft Corp signed a deal with China yesterday to purchase US$7OO million of Chinese electronic hardware over the next five years. Microsoft also agreed with the powerful National Development and Reform Commission (NDRC) to invest US$2OO million in Chinese software companies
        Reuters  -  88 words
      • 77 18 Bloomberg [NEW YORK] Exxon Mobil CEO Rex Tillerson plans to spend US$lOO billion on oil exploration to increase production and profits. Mr Tillerson will make the investment in finding oil and gas deposits and expanding refineries during the next five years. He's counting
        Bloomberg  -  77 words
      • 74 18 Bloomberg [LONDON] Investment in commodities may reach more than US$l2O billion by 2008 as funds seek better returns than stocks and bonds, Barclays estimates, based on a February survey of 180 fund managers. The forecast compares with about US$BO billion at the end of
        Bloomberg  -  74 words
    • 5499 18 UNIT TRUSTS FUNDS ACMGI Amef Income B USD 8.53/ ACMGI Amef Income A EUR 6 86/ ACMGI Amef Income B EUR. 6.86/ AIM AmroAssat Mgt (S pore) ACMGI Eufop Income Opp AT SGO 14.97/ Star Europe EqV 0.947 AC MGI Europ Income Opp BT SGO 14.97/ Star Eisope Bond 1.141/
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  • AVIATION
    • 637 19  -  More carriers are likely to follow suit as jet fuel price soars By VEN SREENIVASAN [SINGAPORE] Soaring jet fuel price has forced Singapore Airlines (SIA) and other carriers to hike up fuel surcharges for the sixth time in less than two years.
      BLOOMBERG  -  637 words
    • 272 19 AP [CHICAGO] Boeing Co reported a better-than-expected 29 per cent jump in firstquarter profits yesterday, benefiting from continuing momentum in its commercial airplane business that produced a surge in deliveries. Boeing, the world's second-largest commercial jet manufacturer behind Airbus SAS, delivered
      AP  -  272 words
    • 259 19 Bloomberg [BRUSSELS] European Union regulators sued Greece a second time for subsidising Olympic Airlines SA as the government, which is trying to sell the unprofitable carrier, hasn't recovered about 540 million euros ($1.06 billion) of aid. Greece hasn't complied
      Bloomberg  -  259 words
    • 577 19  -  Revenue up 27% at US$6.6b as airline's capacity gains 19% By DONALD URQUHART in Dubai POSTING its 18th consecutive annual profit, the Emirates Group said yesterday its net profit rose 5 per cent on the back of robust passenger and cargo handling in
      577 words
    • 2153 19 OTY HA WT fT, KJH3 1535 SQ146 ,640 fflg TO XH5t a-c SIS gg £1*4^ AdalaMa LH9771 1750 AFMM 2215 0550 5Q436 2030 SQ230 1750 8A7382 2215 68*8 Q*6?3 'M5 QW6?9 0745 AF8087 1850 Of82 2215 633 NZ43S5 0735 EK405 0210 BA7381 1850 LH9770 2345 S0493
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  • Page 19 Miscellaneous
    • 195 19 CRYPTIC CROSSWORD DOWN u x i ting (10) Across: 1 Flagrant, 9 Only just, 10 Cricket trophy a fte r ffve hun- 15 Faj] fo( pretty g|r) c u t c hing Bore, 11 Semi-detached, 13 Sentiarea runs w short skirt (8) nel, 15 Charon, 16 Beta, 17 On top,
      195 words

  • SHIPPING
    • 578 20 Govt will receive about US$6b from canal authority in 2007-2014 construction phase Reuters [PANAMA CITY] Panama plans to double tolls for its famous canal over the next 20 years to finance an ambitious U555.25 billion expansion of the waterway, and
      Reuters; REUTERS  -  578 words
    • 436 20 Reuters [MUMBAI] State-run Shipping Corporation of India Ltd (SCI) plans to pursue more joint ventures to help unshackle itself from lengthy government approvals for buying vessels that cap its growth, its chairman said yesterday. SCI, India's largest shipping firm with 84
      Reuters  -  436 words
    • 227 20 [SINGAPORE] PSA International will take out a US$2.6 billion loan to finance its US$4.4 billion purchase of a stake in Hutchison Ports, according to debt market news service Basis Point. Basis Point said PSA picked Barclays Capital, DBS Bank and
      227 words
    • 284 20 SGX '000 Apr 26 H W- Vol CH Offshore 0.40 unch 583 ChuanHup 0.3S unch 708 Cosco Corporation 1.39 0.01 5910 CWT Distribution 1.29 -0.01 59 Ezra Hldgs .2.75 0.05 352. Freight Links 0.08 unch 2289 Grind Banks Yacht 0.86 unch 10 Java Holdings 1.34 0.01 170 K1
      284 words
    • 549 20 Minister says it's a good business deal that got politicised AFP [GENEVA] The United Arab Emirates (UAE) was dumbfounded by the political storm in the United States over a move by one of its companies to manage six American ports and is now
      AFP  -  549 words
    • PORT SHOTS
      • 90 20 Bloomberg [SEOUL] Hyundai Heavy Industries Co, the world's largest shipbuilder, said it received an order valued at US$54O million to build four container ships. The shipbuilder will build the vessels at its own dockyards and those of subsidiary Samho Heavy Industries Co, and deliver
        Bloomberg  -  90 words
      • 86 20 AP [ANKARA] A Turkish freight ship carrying fertilizers sank in the sea of Marmara, maritime authorities said yesterday. Four crew members were rescued but five others, including the ship's captain, were missing. The Haci Ibrahim was transporting 1,250 metric tons of fertilizers to
        AP  -  86 words
      • 71 20 AP [STOCKHOLM] A Danish freighter sank on Tuesday after a collision with a Swedish vessel off Sweden's east coast, but no one was injured, maritime officials said. The four-man crew on the Danish freighter Marina S was rescued by the Swedish vessel Tinto, which was
        AP  -  71 words
    • 308 20 Reuters [KUALA LUMPUR] Malaysia is dismayed by London insurer Lloyd's decision to keep the Malacca Strait on its list of war-risk areas despite a drop in piracy attacks in the busy sea lane, Defence Minister Najib Razak said yesterday. Last month, the London
      Reuters  -  308 words
  • Page 20 Advertisements
    • 686 20 0 NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF COOL DIMENSIONS (S) PTE LTD (Company Reg. *****0403N] (In Creditors' Voluntary Liquidation) NOTICE OF RESOLUTION Extract of the minutet at Extraordinary General Masting of th* members of th* obovenomed Company duly conv*n*d and h*ld
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  • Page 21 Advertisements
    • 3376 21 itk EES International Limited MV Company Registration No. *****1-4^7R V Unaudited Third Quarter Financial Statement for the Period Ended 31 March E!OOG 1 (a) An income statement (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year. 3. Where the figures have
      3,376 words

  • EDITORIAL & OPINION
    • 515 22 EDITORIAL FOR a moment it seems as if gunboat diplomacy had returned to East Asia last week as vessels from the two nations prepared to confront each on the high seas over a group of islets, known as Takeshima in Japanese and Tokdo in Korean, to
      515 words
    • 1036 22  -  The US govt would do well to boost, rather than block trade ties with Beijing LEON HADAR Washington Correspondent SOMETIME in the mid-*****, during the roaring days of globalisation, the high-tech boom and a soaring market, I had published a commentary in the
      AP  -  1,036 words
    • 776 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE second-term White House shake-up is an old tradition, driven variously by scandal, exhaustion and ambition. Presidents need to be protected and re-invig-orated. Scapegoats for past failures need to be dumped. The
      The Washington Post Writers Group  -  776 words
    • 1653 23  -  The Korean electronics giant needs to do an iPod to stay ahead of the pack By MARTIN FACKLER NYT Thirty-seven years ago, 36 employees began assembling electric fans in a small workshop in the city of Suwon, just south of That company was Samsung Electronics, and
      NYT; AP  -  1,653 words
    • 576 23  -  LETTERS TO THE EDITOR Dora Ong Kwee Cheng Singapore (for and on behalf of the board of Craft Print International Ltd) WE refer to the letter "Minority shareholders powerless on directors' pay" by Tan Bien Chuan of OWWS Ltd (BT. April 20). We write
      576 words
    • 319 23  -  Toshiaki Nakagawa Singapore I REFER to the recent letters in response to the RT report "Isetan won't sell either building or business," (RT, April 22). I would like to clarify the statements made by me during the interview which was carried in that report.
      319 words

  • Page 23 Advertisements
    • 459 23 >AT^ eg NOTICES ady&ffce ADVANCE SCT LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4283 C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING ("EGM") of Advance SCT Limited (the "Company") will be convened on 15 May 2006 at 10.00 a.m. at
      459 words

  • 11423 24 SGX MAINBOARD Transaction date: Apr 26 52-Wk Tet last Vol Day List Quote GrOiv Div GrYtd Net MCap High Low Cod* Company Sate ('000) High low Buytr Sallar Cvr P/t imM 5 1 5716 IstSoftwareSt 3 unch 1119 3 2.5 2.5 3 12.1 17 6 3148 BTelecom US2c
    11,423 words

  • 6109 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES ki local curr In SS In OSS %dy %yr dy %yr <ty %yr Apr 25 lnd«» Chang* Chugt Change Puny Oungt Ctany World Index Preliminary 1031.6 -03 6.4 0.0 3.6 -0.1 8.5 EAFE Preliminary 1057.1 0.0 8.6 0.4 7.9 03 12.9 Europe Preliminary
    6,109 words

  • BizIT
    • 933 26  -  Strong retail demand boosts sales amid soft govt, corporate demand, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SOME 216,000 PCs were sold in Singapore in the first quarter of this year, driven mainly by strong retail demand, preliminary results from research house
      933 words
    • 222 26 AFP [SAN FRANCISCO] Apple returned to its core in a powerful way by marketing a pricey, powerful laptop geared for photographers, filmmakers and graphics professionals. The company with a cult following among visual artists unveiled a Macßook Pro with a 17-inch screen, a
      AFP  -  222 words
    • 553 26 Bloomberg [NEW YORK] International Business Machines Corp (IBM), the world's biggest computer services company, is growing in emerging markets and innovation services, according to chief executive officer Sam Palmisano. "The headwinds we faced as we entered this decade are now largely behind us,"
      Bloomberg; BLOOMBERG  -  553 words
    • 361 26 Its share of server market exceeds 20% for first time Bloomberg [SAN FRANCISCO] Advanced Micro Devices Inc's market share jumped beyond 20 per cent for the first time in chips that run server computers, a sign that Intel Corp's dominance of the
      Bloomberg  -  361 words
    • 348 27  -  Start-ups can tap major firms to bring their offerings to mass market By WINSTON CHAI LOCAL companies specialising in the field of securityrelated technologies will get a helping hand from the government and an alliance of private sector partners, thanks to a new initiative
      348 words
    • 355 27 It is a 50% increase from the previous maximum of 500GB AP [SAN JOSE, California] Seagate Technology LLC has beefed up the capacity of its hard disk drives to a whopping 750 gigabytes, offering digital media consumers more storage for their computers than ever
      AP  -  355 words
    • 368 27 Bloomberg [HELSINKI] Nokia Oyj, the world's largest maker of mobile phones, said the market for handsets which let users make video calls, browse the Internet and listen to music, will more than double to 250 million units in 2008. The market
      Bloomberg; REUTERS  -  368 words
    • 219 27 Bloomberg [SEATTLE] Microsoft Corp, the world's largest software maker, released a test version of its new Internet Explorer Web browser to improve security and regain market share lost to competitors over the past two years. Internet Explorer Beta 2 can be downloaded free from
      Bloomberg  -  219 words
  • Page 26 Advertisements

  • Page 27 Advertisements
    • 76 27 Get Results With Oracle Applications r .-4 S*? > "30% increase in plant capacity" j i v 1 (BR) Ingersollftand I f OT 1 J i I'.' f "$lO4 million in savings" I philips LG.PHILIPS LCD fel i The Best Companies Run Oracle oracle.com/best or call 1.800.672.2531 Copyright 2005, Oriels
      76 words

  • Page 28 Advertisements
    • 1357 28 i ,~iWj llf II Iff Ilk 1 yVM NIWK3M i V B **********0 Pr fl|V K^P ronvvrni ■Ullllii 111-Pi H.' IlliimffnVVv I 1.1 I j BP^9hhB6^^HK s I NYK GROUP SOUTH ASIA PTE LTD v kTW Pn nrG W TEL *****123 Xlf JL AIJNE t&jsjf ®9 mm LINE Fax:6292 2856(Regionalsales)/6239
      1,357 words
    • 526 28 vOOv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com vissa vor ramp might sw ik map sav »ai o»f TAMERLANE AF6I4 3201M8 6.01 06/05 31/05 09/06 13/0* 17/0* 15/06 UKO AMIS 4201 M 6.4 M 16/05 10/06 19/06 23/06 2S/06 26/06 HUHOT AMU 4001 MS 6JM 30/05 21/06 30/06 04/07 09/07 07/07 Htw
      526 words

  • Page 29 Advertisements
    • 1733 29 WAN HAI MTIRNATIONAL PTE LTD a m IUttttOOOO/t VT.A TH:*****588 (14UNB) FAX.-*****163 \\M\WAN lIA I I INFS CHtaMrS««to/lMkk|iDta(tUn (1100)******00 V »\_V IMII I Inl klllftil# fnIB:W)3344MMML-MJM233MFWIS:(O4)224S4OONULMSNMI V" JOHl&lMlSiamMfcltTßlfßlMlfcinUimVSHUblHllßVim/JIfUK www wonhdi im to JKT«:«fI)nMUINUb|BI)OMmM«:7t4M/7MM HUL7I4JN WWW.WH>»I.IW.»| MII;»H)4IS7H»I:Hi)4IS»Tg/414?904 P6USWW6BW g K Bfl IB TTOTQ«»WSW6Om MM HW 713 «IU JtW 30/D4 01/05 02/05
      1,733 words
    • 202 29 P. T. DJAKARTA LLOYD (PERSERO) AUSTRALIA FULL CONTAINER SERVICE As Agents Starship Agencies (MAL) Pte Lid Operator Code DJ CR NO. **********0H VSI IVOY SW I PKO I ftt I IX I STP I Ntl I AOt~ KJUUKIHA 075S 30/04 02/05 01/05 14/05 14/05 U/05 Alt UUUM 037S 07/05 09/05
      202 words
    • 2002 29 VESSEL VOY SIN JKT MIP PUS VESSEL VOY SfN JKT SUI HKG USN PUS HAWJIM POHAMG MPs" 21/4 ~30/4 4/5 ID/S KMTC KEELUN6 605S ~30/4~ ~3/T 4/5 ~9/T IVS "u/T HANJIN SEOUL 03C7E S/S 7/5 13/5 17/5 KMT( PUSAW 6Q6S 7/5 10/5 H/S 16/5 20/5 21/5 YESSa VOY SIM MS*
      2,002 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 4551 30 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Totaphone SIN Oest'n Name Name Number Nornber SI* Derfii Name Name Number Number •5" 12/05 16/05 Rickmers RICKMERS JAKARTA 176 *****333 To ABIDJAN (ABJ) 2003 Cote D'lvoire To HALDIA (HAL) 2587 India
      4,551 words
  • Page 30 Advertisements
    • 314 30 VBSa VOY HN m SB II PACIANOA 1712* ***** ***** PKIIMT/W 9347 21/04 25/04 T3T5351 65SS? 557W ST7W HCULI WT35*7H577W PAC lANOA i7T3S 577H ST/5i HCMITAN 93Q W7H R785 PAC»AM>A 1714 M wfi 55/64 I WMUII 451 i 01/05 M/ 05 VKStI VOY SIN PKU VKSII Vg? Hi LCCMI HSTSI
      314 words
    • 291 30 VESSEL VOY I PKt I SIN I KARACHI PXB BAB WHS PMM BIK I KHOR KAN KOROESTAN PCI 8133 36/04 27/04 06/05 09/05 10/05 16/05 19/05 22/05 KAN SHAHRYAR PCI 8134 04/05 05/05 14/05 17/05 It/05 24/05 27/05 30/05 KAN BAABAII pg 8136 12/05 13/05 22/05 25/051 26/05 01/06 1
      291 words
    • 108 30 i BSA a. MYANMA nn five star une (Myomar National Line) Loading far Yaagoa VESSEL VOY SIN PKL PEN PGU CHIN SHWIIUW 90W SID PAGAN 349W SIS IN MALAYSIA: BOUSTIAD SHIPPING AGENCIES KUI/PRL 03-*****388 PEN: 04-*****15 ACCEPTINGCONVENTIONAL C6O VESsa vor HKG SW PKL FUTURE AQ 40 SU> SU> SID CRYSTAL
      108 words

  • PROPERTY
    • 1000 31  -  After floundering in the last decade, the industry is set to offer 6m sq ft of new retail stock and bold new shopping concepts By TAY HUEY YING THE retail property market has seldom seen so much excitement. The retail industry. floundering for the last
      FILE PHOTO  -  1,000 words
    • 1423 31 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREET NAME TYPE DATE AREA*(SQ FT) (S$ 000) (S$) District 3 NON-LANDED Emerald Park Apt 04/04/2006 99 1012 465 460 Regency Suites Apt 03/04/2006 FH 1421 1005 707 River Place Apt 07/04/2006
      1,423 words
    • 533 32  -  Price works out to $1,184 psf of potential gross floor area By KALPANA RASHIWALA HOTEL Properties Ltd (HPL) has clinched Beverly Mai on Tomlinson Road through a $238 million collective sale $1,184 per square foot of potential gross floor area inclusive of an estimated
      FILE PHOTO  -  533 words
    • 315 32  -  By ARTHUR SIM PROPERTY consultant Knight Frank Asia Pacific (AP) has bought Hong Kong-based Chesterton Petty, which is 24 per cent owned by UK-based Chesterton. Chesterton Petty has a staff strength of 350 in Hong Kong and 80 in China. Knight Frank (AP)
      315 words
    • 298 32 THE Ascott Group plans to expand aggressively in China and triple its current portfolio of 3,000 serviced residences to 10,000 by 2010. To help achieve its target, the group yesterday announced four new contracts that will add two cities Xian and
      298 words
  • Page 31 Advertisements
    • 290 31 Prime Good Class Bungalows For Sate ASTRID HILL Sprawling land area of about 26,514 Wide frontage. Elevated r Panoramic view of surroundings > Highly exclusive estate I Closing 19th May 2006 Steven Ming 9004 0518 GALLOP ROAD 2-storey bungalow on land area of about 15,884 sq.ft Wide frontage. Cul-de-sac Near
      290 words

  • Page 32 Advertisements
    • 247 32 PERFECT SITE FOR REDEVELOPMENT INTO EXCLUSIVE LUXURIOUS CONDOMINIUMS FOR SALE BY TENDER IT 77 —1 LUCKY TOWER Royal /q>/ Cr £Zi™Tffle 57 GRANGE ROAD Singapore /<£/ S cotts "7 Shaw S cenfre 9 Freehold Re9iS //^Singapore y Large regular site 169,188 sq ft X Lucky '7 T Ma'r c j
      247 words
    • 85 32 Rent Now Complete Purchase Later and buy the unit at discounted rate Tel: 9090 2222 BALMORAL ROAD DEVELOPMENT SITE V gj 9- 37 Balmoral Crescent, Balmoral View Site area approximately /V 51,080 sq ft W\ /f Plot Ratio 1.6 M Height control up to 12 storeys fij Excellent locality Walking
      85 words
    • 203 32 <«■»« rir; M «r 11_ ~j Gavlanq East Cantral 3 Sims lim Gaylang Mathodist 2 r- k Sac Sch Sims Placa o -o Bus Terminal F A Aljunied TMK Industrial zJ MP J Bldg £3 Yu Li Industrial A £,aylana Chinasa Building Mathodist Church Sims Avanua A Prime Industrial Building
      203 words