The Business Times, 28 April 2006

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 38
1 38 The Business Times
  • 15 1 THE BUSINESS TIMES Friday April 28,2006 SINGAPORE 85 cents online at .com.sg MICA (P) 099/03/2006
    15 words
  • 948 1  -  straight, fights in 47 seats as PAP is not returned to office on Nomination Day By CHUANG PECK MING ISINGAPOREJ Some 1.22 million Singaporeans almost twice as many as in the last general election will get to vote next Saturday, after the
    ARTHUR LEE  -  948 words
  • 139 1 STI 2,601.06 (+4.41) ST INDEX FUTURES 2,601.00 (+6.00) SIMSCI 309.57 (+0.65) SIMSCI FUTURES 310.20 (+1.00) MARKETS Thursday Change KLSECOMP 947.61 -1.68 NIKKEI 225 17,114.54 +58.61 HANG SENG 16,742.85 +70.19 SET INDEX 770.01 -0.39 JAKARTA COMP 1,474.609 -7.110 MANILA COMP 2,281.39 +34.25 SEOUL COMP 1,452.53 +1.31 SHENZHEN 8 285.15
    139 words
  • Page 1 Advertisements

  • TOP STORIES
    • 399 2  -  Post-doctorate talent vital for S'pore research to reach new level By ROLAND LIM [SINGAPORE] Creating top research universities is the next key step in taking research in Singapore to another level, says the National .Research Foundation (NRF) Scientific Advisory Board (SAB). Speaking
      399 words
    • 274 2  -  By R SIVANITHY {SINGAPORE] US investment house Merrill Lynch plans to set up a globtfsupport centre in Singapore for its private banking and global markets businesses. The project will kick off in September and complexion is slated for end-2008, Merrill's Asia-Pacific chairman Raymundo
      274 words
    • 521 2  -  They cite pressure on industry from higher crude price By RONNIE LIM [SINGAPORE] Like soaring air fares,- petrol pump prices here are racing towards $2 a litre following the recent run-up in crude oil prices beyond US$75 a barrel. The pain started early yesterday,
      BLOOMBERG  -  521 words
    • 63 2 IN yesterday's article "IR effect on property prices fizzling out", there were errors in the Urban Redevelopment Authority's Property Price Index figures that we quoted. The correct figures are given below. We are sorry for the errors. PPI CHNG Q1 *05 114.6 0.7 Q2 '05 115.2 0.5 Q3 '05
      63 words
    • 563 2 KepCorp's Q1 earnings rise 18% to $170 m KEPPEL Corporation yesterday reported an 18 per cent increase in net earnings to $170 million for the first quarter ended March 31,2006, from $143.6 million the previous corresponding period. Revenue jumped 36 per cent to $1.54 billion. TOP STORIES, PG
      563 words
    • 648 3  -  Results come in below analysts' forecast of 32% surge to $191m By CONRAD RAJ [SINGAPORE] Keppel Corporation yesterday reported an 18 per cent increase in net earnings to $170 million for the first quarter ended March 31, 2006, from $143.6 million the previous
      FILE PHOTOS  -  648 words
    • 432 3  -  Forced merger unlikely if local banks continue to do well By LESLIE YEE [SINGAPORE] United Overseas 3ank's chairman and chief executive Wee Cho Yaw does not think the Singapore authorities will push the three local banking groups to consolidate into two.
      432 words
    • 140 3 [SINGAPORK] PSA International again won the Best Global Container Terminal Operating Company award at The Asian Freight Supply Chain Awards ceremony yesterday. PSA Singapore Terminals was also voted Best Container Terminal Asia (over 4 million Twenty-foot Equivalent Units or TKUs per year) for
      140 words
  • Page 2 Advertisements
    • 147 2 luxurious Fft* Star Resort set Jn C vbcn ava SHU •I B 1 9 1 Award Wirming Service. 74 Guest Rooms Suttes F*K 1 J&ifl K u tt| Personal Computet wtth Complimentary Usjgr of j| internet in Every Guest Room Ml a. Resort Wide High Speed Broadband sevice HHV Tluee
      147 words
    • 24 2 Want the best deal? Invite tenders. Call 1800 289 8822 or email notiees@sph.com.sg to book your tender notice in our newspapers now. KAT3 NOTICES
      24 words
    • 12 2 people Roaming Asia-Pacific. .-.v. a tt peopie.iUvork com Asia Pacific Executive Search
      12 words


  • COMPANY NEWS
    • 697 4  -  HOCK LOCK SIEW By R SIVANITHY Yesterdays Hock Lock Siew column discussed printing firm Xpress Holdings, whose shares have shot up by an outstanding 260 per cent this year alone. The conclusion reached in that column, however, was that the rise was not driven by fundamentals
      697 words
    • 211 4 PERMASTEELISA Pacific Holdings said yesterday the Commercial Affairs Department is investigating certain affairs of the company. Permasteelisa Pacific, which fabricates and installs architectural curtain walls for buildings, told shareholders "the company, its officers and staff are fully cooperating with the CAD in their investigations".
      211 words
    • 418 4 Rise on fund fees, brokerage commissions SINGAPORE banks are expected to report higher first-quarter profits,, boosted by brokerage commissions as equity markets surge and by fund fees following interest rate hikes in the region. Analysts expect earnings momentum for Singapore banks to pick up
      418 words
    • 233 4 JUST as Mediaßing Ltd yesterday confirmed that it will press ahead with its general offer to buy Nasdaqlisted Pacific Internet Limited next month, PacNet's board said it will be appointing a financial adviser for the offer. Yesterday, BT reported that Mediaßing, an early adopter
      233 words
    • 544 6  -  CORPORATE RESULTS Firm demand for chips leads it to forecast profit for Q2 as well By ANGELA TAN STATS ChipPAC, the world's fourth-largest chip packaging and testing company, yesterday reported another profitable quarter thanks to strong demand for chips used in übiquitous gadgets like
      FILE PHOTO  -  544 words
    • 296 6 MALAYSIAN tycoon Quek Leng Chan's Singaporelisted property vehicle GuocoLand yesterday posted a third quarter group net profit of $58.3 million, up from $16.1 million in the same year-ago period due mainly to a $40.1 million net profit from selling its stake in Hotel Properties.
      296 words
    • 542 6  -  By KALPANA RASIWALA MAPLETREE Logistics Trust (MLT) has turned in a distribution per unit (DPU) of 1.11 cents for its first quarter this year, marginally below its expected 1.13 cents. This was due to an equity fund-raising exercise being completed 25 days later
      542 words
    • 390 6  -  By WONG WEI KONG RAFFLES Holdings yesterday posted a 4 per cent rise in first-quarter earnings in what could be one of the last few times the group is reporting results as a listed entity. Raffles said net profit in the three
      390 words
    • 334 6  -  By MATTHEW PH AN CALLING it a "breakthrough" for the group, Singapore Post yesterday said its revenue for its ftill year ended March 31, 2006, has crossed the $400 million mark to hit a record $412.8 million. The group, which has not registered significant growth
      334 words
    • 459 6  -  By AMIT ROY CHOUDHURY BAN Leong Technologies, which distributes IT products and accessories, is spending about Asl.4"million (SSI.7 million) on buying a 25 per cent stake each in Innovision Technology Australia and its AVLabs brand. Speaking about the acquisition to BT, Ronald
      459 words
    • 716 9  -  Time to push for updates on its business prospects MICHELLE QUAH Senior correspondent MOST companies hold just one annual general meeting (AGM) in a year hence the appellation "annual". China Aviation Oil (CAO), however, will be one of the handful of Singapore companies
      716 words
    • 322 9  -  AGM WATCH By GRACE CHONG THE annual general meeting of Raffles Holdings went so smoothly yesterday that all resolutions were passed and the meeting was over in barely 15 minutes, leading one shareholder to describe it as "a reassuring blur". During the meeting, a final
      322 words
  • Page 4 Advertisements
    • 1032 4 esaj '4."iv < 0 SinoEnv SINO-ENVIRONMENT TECHNOLOGY GROUP LIMITED (Company Registration Number **********) (Incorporated in the Republic of Singapore on 2 October 2001) Invitation in respect of 88,002,000 Invitation Shares comprising 76,000,000 New Shares and 12,002,000 Vendor Shares as follows: (a) 2,000,000 Offer Shares at the Invitation Price of 550.33
      1,032 words
    • 127 4 V *4* fX .'k —V WWf fv#s»vrg4jft?)n«*7?» fr-vr-* ?<• <r-* pjok• •t^^--w This announcement appears as a matter of record only April 2006 m ESinoEnv SINO-ENVIRONMENT TECHNOLOGY GROUP LIMITED (Company Registration Number *****6480Z) (Incorporated in the Republic of Singapore on 2 October 2001) Invitation in respect 0f88,002,000 Invitation Shares comprising
      127 words


  • Page 6 Advertisements
    • 724 6 mediating MEDIARING LTD (Company Registration Number *****4568R) NOTICE OF BOOKS CLOSURE DATE FOR THE RIGHTS ISSUE The Board of Directors refers to the circular to the Shareholders dated 10 April 2006 (the "Circular") in relation to, inter alia, the proposed renounceable non-underwritten rights issue of up to 245,620,591 new ordinary
      724 words
    • 42 6 Suntec Tower office ranging from 12,000 to 13,000 sq. ft. Connected offices Central units ranging from 883 to 12,000 sq. ft. Other Prime CBD Offices Shophouse units Edmund Lee Tel: 9843 3965 Lennon Koh Tel: 9748 7400 Elf Seah Tel: 9693 4126
      42 words

  • Page 7 Advertisements
    • 301 7 jW*ft- v .•y i- ■v* .r -i 4»illP. IBB® J ■L. jMMHpV i^Hillrl 1 II fl V JBRP ~*B -^■M^WI j\ J 1 t>iSe.&Je.r The- Tom Of LtVtna JZVi ie.ro. r v "JTv S pore Expo qbedokmrt QTANAH MMAH MRT Opera A M < 1 Tema«ek Junior College L»- V
      301 words

  • SINGAPORE MARKETS
    • 559 8  -  STOCKS Top actives list contains odd mix of counters from diverse sectors like shipping, semiconductors and biomedical R SIVANITHY Senior Correspondent Meaningful gains were at a premium during yesterday's session in the local stock market, in which the Straits Times Index (STI) added 4.41
      Souce: Bloomberg  -  559 words
    • 1031 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Apr 27 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy/ Shares Per Before After Stock Date Director Sell 000 Shr S COOP) COOP) Ferrochina 27-Apr-06 She Chun Tai *Buy 9825 0.880 0 0.00 9825 2.98 Ferrochina 27-Apr-06 Lee Tung
      1,031 words
    • Article, Illustration
      1009 8  -  Compiled by UMA SHANKARI Singapore Land April 27 dot: $7.00 April 27 SINGLAND is almost a pure office landlord. Office buildings account for more than 70 per cent of its assets. Its other properties are retail malls, hotels and some residential projects. We estimate that for every 10
      Source: Bloomberg  -  1,009 words
    • 562 8  -  CURRENCIES LARRY WEE Senior Correspondent ANOTHER pair of strong US numbers released overnight did little to ease selling pressure on the US dollar, which has now plumbed fresh 2006 lows versus the euro, the Singapore dollar and the Malaysian ringgit as well.
      562 words

  • Page 9 Advertisements
    • 361 9 AGM season A-Sonk A 168 Robinson Road, Capital Tower. Level 9 FTSE Room. 10.00 am Singapore *****2 Capitaland A The STI Auditorium, 168 Robinson Road, Level 9, 10.30 am E Capital Tower, Singapore *****2 10.45 am Cathay A The Cathay Cineplex Preview Lounge, Cathay Cineleisure 9.00 am E Orchard Level
      361 words
    • 915 9 ifami Corporation I Keppel Corporation Limited I Co Reg No: *****0351N H (Incorporated in the Republic of Singapore) H 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2006 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the first quarter ended mm
      915 words

  • SINGAPORE NEWS
    • 362 10  -  Price works out to be about $880 psf of potential gross floor area By KALPANA RASHIWALA DEVELOPERS continue to snap up collective sale sites in prime districts. Koh Brothers and Heeton are arranging a deal to buy the Hilton
      FILE PHOTO  -  362 words
    • 2365 10 VOL Gamuda 4.02 0.02 1858 Apr 27 RM *1- C000) General Corp 0.70 -0 03 499 Genting .24.30 -0.40 889 A&M Realty 1.36 unch 0 George Kent 0.56 unch 80 Abric...- .0.36 0.00 73 GHL Systems 0.28 0.02 ***** ACP Industries 1.08 -0.01 332 Globetronics Tech 0.34 0.01
      2,365 words
    • 77 10 THE current Electronic Road Pricing (ERP) rates will remain unchanged after a review of traffic conditions during the May-July quarter by the Land Transport Authority (LTA). The LTA reviews traffic along ERP-priced roads and expressways each quarter as well as for the June and December
      77 words
    • 352 10  -  By SIM PING KHUAN INTERIOB design consultancy PDM International was sentenced to a hefty $30,000 fine in court yesterday for its use of unlicensed and illegal software. According to the Business Software Alliance (BSA), PDM is the first company in Singapore to be
      352 words
    • 153 10 THE outlook for the construction industry is looking up, with demand expected to hit at least $12 billion this year, John Lim, chairman of the Building and Construction Authority, said yesterday. And, "over the next few years, major developments such as the integrated resorts, the Business
      153 words
    • 322 10  -  Move will free up room for new staff to join them By CONRAD TAN REUTERS, the Londonbased news and financial information provider, is setting up a new office at One Raffles Quay as it continues to expand its Singapore operations. The office, spanning
      322 words
  • Page 10 Advertisements
    • 1146 10 I IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1) MICROROUTES PTE LTD (CO. REG. NO. *****8232W) (IN MEMBERS' VOLUNTARY LIQUIDATION) 2) GEMBERG PTE LTD (CO. REG. NO. *****0498 C) (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant
      1,146 words
    • 228 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ABL Seafood Pto Ltd (*****3419K) (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the above-named Company will be held
      228 words

  • Page 11 Advertisements
    • 254 11 k-f *asfa D I <-l" n <l M -.■JmmMmL M rff f l^' y iffitn Assets Occupancy i y-'" ifc'* 'V,' »k.-. v "y*,,., and Professional Management Strong Pipeline of Potential Acquisitions Ks pp 6 0 IB BBES^SSSS Sponsored by Keppel Land, K-REIT Asia aims to grow further by investing
      254 words

  • ECONOMY WATCH
    • 874 12 Commodity stocks dive on fears China demand will slip with higher rates Bloomberg [BEIJING] China's central bank unexpectedly raised its benchmark interest rate for the first time since October 2004 to cool the world's fastest-growing major economy. The one-year lending rate will be increased
      Bloomberg; FILE PHOTO  -  874 words
    • 158 12 Xinhua [JAKARTA] The Indonesian government has revealed a 29 per cent rise in materialised foreign direct investment (FDI) in the first quarter of the year, a newspaper said. The Investment Coordinating Board (BKPM) has said the FDI amounted to US$2.6l billion on
      Xinhua  -  158 words
    • 778 12 Reuters [WASHINGTON] Just as world economic policymakers finally hatch a plan to head off financial market and economic instability from growing imbalances in world trade, time to avert a market disruption may be running short. Weekend meetings of the International Monetary Fund (IMF)
      Reuters; AP  -  778 words
    • 270 12 Bloomberg [KUALA LUMPUR] Malaysia's central bank may raise its key interest rate to as high as 4.5 per cent by the end of the year amid rising inflation, economists said after borrowing costs were unexpectedly increased on Wednesday. Bank Negara Malaysia on Wednesday
      Bloomberg  -  270 words
  • Page 12 Advertisements
    • 1256 12 LKN-PRIMEFIELD LIMITED (Incorporated In the Republic of Singapore) (Company Raglatratlon No. *****0131N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of LKN-Primefield Limited (the "Company") will be held at 27 International Business Park, Primefield-Landmark Building. sth Level, Singapore *****4 on 24 May 2006 at
      1,256 words
    • 31 12 Chill out with your favorite beer all night all week through! <■- r *> £au Ua Ua 76 Robertson Quay, Gallery Hotel, #01-12 Tel: 6887 5568 Operation hrs: 3pm-l Ipm (Closed on Sunday)
      31 words
    • 76 12 V.iIm* *6*-.Its II *V/ IK'll |M t IN III 11 t( I 11 <H»M I 4*1 < Ol I 4 r I 4'.)/voH«Sl gl»l* Mrnti N.r.i Goioiuj htimew.i H.im.me'.e Chicken Rh c K.iImi Don A'* K.unpom) I i led Hu e Sliced F r.h Till* k Beehoon Soup SlIKJ.ipOie I
      76 words

  • MALAYSIA
    • 685 13  -  Possible proxy war in Umno as it holds its elections next year, say analysts By S JAYASANKARAN in Kuala Lumpur FORMER Malaysian Prime Minister Mahathir Mohamad has launched yet another blistering attack on the administration of his successor Abdullah Ahmad Badawi yesterday in
      THE STAR  -  685 words
    • 507 13  -  By PAULINE NG in Kuala Lumpur A PLANNED increase in the listing fees of Bursa Malaysia notwithstanding, companies contemplating a listing on the exchange would have been heartened by the performance of new listings yesterday. Three of the four debutants finished the
      507 words
  • Page 13 Advertisements
    • 626 13 Diners Club Card To apply, call 6416 0980 A World of Exclusive Privileges Treats Diners Club JtBBtB WKKKKm www.Jiners.com.sg International' 4l¥ie In conjunction wtth th« N«w Zealand Festival, Chris Ball, Ex«cut»v« Ch«f Spf 1 &4, r of Millennium Hoed Rotorua, returns Main to oflar an unrivalled dining experience fay presenting
      626 words
    • 103 13 It >■ Experience an M irresistible brew of culture and cuisine at Si Chuan Dou Hua With the opening of a newly refurbished Si Chuan Dou Hua and its companion "Ran Fu Teahouse, your gourmet outings will never be the same. This unique pairing combines the finest Chinese cuisine with
      103 words

  • Page 14 Advertisements
    • 2716 14 Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) The financial information as set out below contain only a summary of the Information extracted from the audited financial statements of Oversea-Chinese Banking Statement of Changes in Shareholders' Equity Bank Corporation Limited and the audited consolidated financial
      2,716 words

  • Page 15 Advertisements
    • 4364 15 Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) (a) Classification and consequential accounting for financial assets and liabilities The effects of adopting new or revised FRS on the financial statements of the Bank as at/for the financial year ended 31 December 2005 are summarised (i)
      4,364 words

  • GREATER CHINA/INDIA
    • 540 16 Hutchison offers to buy Hindujas 1 stake in cell firm NRI group's 5.11% holding in Hutchison-Essar is valued at US$400m The Economic Times [MUMßAl] Hutchison Whampoa is believed to have offered to buy the Hinduja group's 5.11 per cent stake in cellular major Hutchison Essar for US$4OO million, according to
      The Economic Times  -  540 words
    • BRIEFLY ASIA
      • 87 16 AFP [TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest wafer foundry, yesterday said its net profit in the first quarter in 2006 rose 93.9 per cent year-on-year due to stronger demand. However, the NT532.61 billion (Ssl.6 billion) profit registered in the quarter to March
        AFP  -  87 words
      • 98 16 [MUMBAI] India's largest private sector refiner, Reliance Industries Ltd, posted a 9 per cent annual rise in quarterly net profit, beating analysts' forecasts on record refining margins as oil prices surged over the year. Reliance said its refinery margins last quarter were its
        98 words
      • 68 16 Reuters [KUALA LUMPUR] Malaysia's second-largest lender, Bumiputra-Commerce Holdings Bhd, plans to raise four billion ringgit (Ssl .7 billion) in debt to finance the purchase of rival Southern Bank, director Nazir Razak said yesterday. Reuters, quoting a source familiar with the plan, reported qh Wednesday
        Reuters  -  68 words
      • 75 16 AFP [SINGAPORE] US credit ratings agency Standard and Poor's yesterday said it has downgraded Sri Lanka's rating outlook from stable to negative due to the escalating civil unrest in the country. The growing hostilities between the government and Liberation Tigers of Tamil Eelam (LTTE) will
        AFP  -  75 words
      • 79 16 Reuters [KUALA LUMPUR] Malaysia will keep fuel prices steady for the rest of the year, even if oil prices continue to rise, Economic Planning Minister Effendi Norwawi said yesterday, although such subsidies would eventually have to go. "We are financially stable enough, strong enough
        Reuters  -  79 words
      • 107 16 Reuters [HONG KONG] Top Chinese offshore oil and gas producer CNOOC Ltd is leading a nearly US$2 billion share sale to help fund its expansion plans, according to a deal term sheet obtained by Reuters yesterday. The deal, which is the biggest
        Reuters  -  107 words
      • 95 16 Bloomberg [NEW DELHI] Oil Natural Gas Corp (QNGC), India's biggest oil explorer, will pay US $4-64 million for buying aTS per cent stake in a Brazilian oil field from Royal Dutch Shell pic. It will spend another US$234 million as its share
        Bloomberg  -  95 words
    • 489 16 It seeks to conduct QDII business under its own name [HONG KONG] HSBC, Hong Kong's biggest lender, plans to carry out qualified domestic institutional investor (QDII) business under its own name and also work with Bank of Communications in which it holds
      489 words
  • Page 16 Advertisements
    • 1521 16 BANK OF SINGAPORE LIMITED (Incorporated in Singapore. Registration Number. *****0071R) The summary financial information set out below is extracted from the audited financial statements of SdoCtCd NOtCS tO thfi FlfOnCldl StdtClTlCntS Bank of Singapore Limited for the financial year ended 31 December 200j (the financial statements"}. fy r the financial
      1,521 words

  • GENERAL ELECTION 2006
    • 454 17  -  TAO NAN PRIMARY Joo Chiat SMC (PAP vs WP) Macpherson SMC (PAP vs SDA) By WONG WEI KONG, CONRAD TAN SENIOR Minister Gbh Chok Tong yesterday welcomed the challenge to Prime Minister Lee Hsien Loong in Ang Mo Kio GRC, saying it would allow
      BH  -  454 words
    • 414 17  -  George Yeo prepared for 'good contest' against WP By MATTHEW PHAN FOREIGN Minister George Yeo, who is leader of the People's Action Party team facing Worker's Party chairman Sylvia Lim and her team in Aljunied GRC, says the next nine days will see a good
      ARTHUR LEE  -  414 words
    • 438 17  -  By MICHELLE QUAH SINGAPORE Democratic Party (SDP) chairman Ling How Doong yesterday publicly expressed his anger and disappointment with party secretary-general Chee Soon Juan, saying that he would like to remove Dr Chee from the party after the elections. But later in the day,
      438 words
    • 385 17 This is a veiy critical election. It is about your future, about who you want to shape your destiny. The PAP has put up a new team/fresh faces and we have a new leader in the PAP, so I would think we're giving Singaporeans a very good
      385 words
    • 346 17  -  By UMA SHANKARI THF defamation lawsuit initiated by Prime Minister Lee Hsien Loong and Minister Mentor Lee Kuan Yew against the Singapore Democratic Party (SDP) leadership is more than just a distraction it is causing the SDP logistical and organisational difficulties ahead of
      BH  -  346 words
    • 223 17  -  By NANDE KHIN THF Elections Department said yesterday there was no mistake on its part over Workers' Party nominee James Gomez's application for minority candidate certification. Mr Gomez told the media on Wednesday that he submitted his application on Monday. But the Elections
      223 words
    • 460 17  -  NGEE ANN SECONDARY Tampines GRC (PAP vs SDA) Hougang SMC (PAP vs WP) By VEN SREENIVASAN, DANIEL BUENAS THE People's Action Party put up a strong showing at Ngee Ann Secondary School in Tampines yesterday, where nominations took place for Tampines GRC
      460 words
    • 2895 20  -  BT captures the moods and events in each of the nomination centres with contested constituencies Reports by Arthur Sim, Anna Teo, Uma Shankari, Matthew Phan, Oh Boon Ring, Winston Chai, Michelle Quah PEI CHUN PUBLIC SCHOOL Ang Mo Kio GRC (PAP vs WP) Aljunied
      ARTHUR LEE  -  2,895 words
    • 566 20 'NO! Look at Khaw Boon Wan. He's had no contest, he's now in Sembawang, try and dislodge him.' MM Lee Kuan Yew, PAP, Tanjong Pagar GRC when asked if the lack of contest for some new PAP candidates will affect their standing as MPs 'Winning is not
      566 words

  • Page 18 Advertisements
    • 343 18 1 ft \z- r^r T ~jj'" ir Sudon 9 sSSrok Pubu Sai»ng Stip*!/' Two new single-seat wards: Bukit Parang and Yio ChuKang BCiKRHI -n* 11 i i «i i. 11 i. i i Puiau puiau Two single-seat wards that are gone: Ayer Rajah and Bukit TUnah Pawa semakau GRC renamed:
      343 words

  • Page 19 Advertisements
    • 334 19 TO BE CONTESTED UNCONTESTED people's (mm mm w W W Group Representation Constituencies (GRCs) ACTION PARTY MahßowTan, Irene Ng, OngKianMin, Sin Boon Ann, Masagos Zulkifli, f J rrrm Q TO &Ld\ """I ssssssc wr üBl r .> b w&houio|m| AUJANCE Ong Hock Siong, Abdul Rahman Arthero Lim Tan Lead Shake,
      334 words


  • ASIA-PACIFIC/WORLD
    • 290 21 Fed expected to raise rates by another quarter percentage point to 5% at May 10 meeting AP [WASHINGTON] Federal Reserve chairman Ben Bernanke yesterday told Congress that rising energy prices endanger a currently strong economy and left open the option of more interest rate
      AP  -  290 words
    • 586 21 Reuters Bloomberg [SEOUL] South Korean prosecutors called for the arrest of Hyundai Motor Co chairman Chung Mong Koo on charges of misusing company funds and embezzling 100 billion won (*****.4 million) to bribe government and banking officials. The warrant was filed with a court that
      Reuters; Bloomberg; BLOOMBERG  -  586 words
    • 390 21  -  By ANTHONY ROWLEY in Tokyo THE travails of Japan's flagship electronics and entertainment giant, Sony Corp, continued last year. Charges relating to the company's protracted restructuring rose sharply in fiscal 2005, leaving it reliant mainly upon a corporate pension adjustment to eke out
      AP  -  390 words
    • 211 21 [LAS VEGAS] Harrah's Entertainment Inc, which recently submitted a final bid for a multi-billion dollar resort in Singapore, yesterday said its acquisition of rival Caesars helped lift first-quarter net income 7 5 per cent, topping Wall Street views. The world's largest casino operator
      211 words
    • WORLD WATCH
      • 76 21 AP [WASHINGTON] A Senate committee on Wednesday announced an investigation into taxes paid by major oil companies and asked the Internal Revenue Service for the companies' tax returns. The Senate Finance Committee promised "a comprehensive review of the federal taxes paid" by the
        AP  -  76 words
      • 85 21 Bloomberg [ZURICH] Credit Suisse Group, the world's third-largest manager of money for the wealthy, plans to merge its four banks to increase annual earnings by about 100 million Swiss francs (S$ 125.2 million). Credit Suisse will combine its Bank Leu AG, Clariden
        Bloomberg  -  85 words
      • 68 21 AP [BERLIN] Carmaker DaimlerChrysler yesterday said its net profit edged up 4 per cent in the first quarter as continuing losses at Mercedes offset stronger performances from its financial services and van and bus groups. The net profit of 299 million euros (*****.3
        AP  -  68 words
      • 73 21 Reuters [LOS ANGELES] Microsoft Corp plans to pay US$2OO-400 million for Massive Inc, a privately held company that places ads in video games, the Wall Street Journal said on Wednesday. The deal to buy the two-year-old company highlights the increasing importance of advertising in
        Reuters  -  73 words
      • 64 21 Bloomberg [LONDON] The London Metal Exchange has appealed against measures by the UK's antitrust regulator blocking the bourse from extending electronic trading. In February, the Office of Fair Trading prevented it from extending trading hours on its "Select" platform after Spectrin Group pic, a
        Bloomberg  -  64 words
  • Page 21 Advertisements
    • 3038 21 I NOTICES Toll free 1800 289-8822 Email com.sg I IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASIA PACIFIC AIR CARGO PTE LTD (Reparation No. 1V*****57R) (In Members' Voluntary NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)) An Extraordinary General Meeting of the Company held
      3,038 words

  • AVIATION
    • 621 22  -  Upstarts mull Singapore-based operations to serve the lucrative route By VEN SREENIVASAN [SINGAPORE] A battle royale appears to be shaping up for a slice of the potentially lucrative air cargo market through Singapore between China and India. At least two Singaporebased players are
      621 words
    • 451 22 [KUALA LUMPUR] Sixteen per cent, or some 3,500 of Malaysia Airlines' (MAS) employees, are expected to apply to leave in the first round of the national carrier's mutual separation scheme (MSS), says a report in Malaysia's Business Times. The anticipated high take-up
      REUTERS  -  451 words
    • 264 22 Reuters [BRUSSELS] Thousands of passengers were evacuated from Brussels' airport yesterday after a man fled from a security check and possibly boarded a plane, triggering the closure of a terminal for over three hours, officials said. Police said they were still searching for
      Reuters; AP  -  264 words
    • 252 22 AFP [BANGKOK] The much delayed opening of Bangkok's new international airport has dimmed Thailand's chances of becoming South-east Asia's aviation hub, its general manager conceded yesterday. The Suvarnabhumi Airport has been planned for more than 40 years but construction and other delays have pushed
      AFP  -  252 words
    • 467 22 Bloomberg [NEW DELHI] Bombardier Inc, the world's third-big-gest planemaker, expects Indian carriers to buy as many as 400 small planes valued at US$B billion in the next two decades as demand for air travel gains in India's small towns. Bombardier
      Bloomberg  -  467 words
    • 2232 22 CITY WJWT «TA HJWfT TO AH0O 1520 5O4O0 1855 OwpMoUi SQ141 1145 S0142 0935 ih.nfc.fci S04SS 1135 1 SQ14J 153S Vf541 1630 «MMl LH9771 1750 LH9770 2345 1252 £2i2? !T£! ;si L***** 0630 AZ399* to* ***** »35 AQ7ftg 1?1? Am rdam 2255 0tukM S0435 0550 BG85
      2,232 words

  • SHIPPING
    • 545 23 But it approves plan for more screening in American ports Reuters [WASHINGTON] A US House of Representatives committee on Wednesday rejected a Democratic proposal to require overseas inspection of all US-bound marine containers but approved a plan for more screening in American ports
      Reuters; AP  -  545 words
    • 385 23 Bloomberg [LONDON! Associated British Ports Holdings pic, the biggest UK operator of ports, said at its annual general meeting that it has made a "satisfactory" start to 2006 and will meet its second-half growth targets. "The group continues to benefit from the
      Bloomberg  -  385 words
    • 253 23 Bloomberg [BEIJING] China plans to expand total sea port capacity by at least 80 per cent to about 7.5 billion tons by the end of 2010, as trade rises in the world's fastest growing major economy. "We will speed up
      Bloomberg  -  253 words
    • 166 23 Bloomberg [SEOUL] Hyundai Merchant Marine Co, South Korea's second-largest shipping line, posted al2 per cent decline in first-quarter profit, largely because of the rise in oil prices. Net income fell to 137.2 billion won (*****.1 million) in the first three months of 2006, from 155.8
      Bloomberg  -  166 words
    • 289 23 SGX *000 Apr 27 St 4 Vol CH Offshore 0.39 -0.01 1611 ChuanHup 0.35 unch 1057 Cosco Corporation 1.44 0.05 ***** CWT Distribution 1.28 -0.01 135 Ezra Hldgs 212 -0.03 404 Freight Links 0.08 unch 2921 Grand Banks Yacht 0.86 unch 0 Jaya Holdings 1.38 0.04 1149 K1
      289 words
    • 765 23  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE master of a UK-registered cargo ship, was asleep on the bridge while his ship missed a course alteration and ran aground in the Baltic Sea, but an investigation report said the proximate cause of the incident was his
      765 words
  • Page 23 Advertisements
    • 88 23 ASIA WEST AFRICA TRADE AGREEMENT NOTICE OF RATE RESTORATION In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the 8 Members Lines of the Far East West Africa trade agreement have decided to implement the
      88 words
    • 317 23 CSL Asia Shipping Pts Ltd it a wholly owned subsidiary of ths CSL Group Inc. CSL wastoundsd in 1845 and is a Canadian company headquartered In Montreal, Quebec with offices In Australia, Canada, Singapore and the United States. CSL specializes in owning and operating self-unloading dry bulk cargo vessels with
      317 words

  • EDITORIAL & OPINION
    • 510 24 EDITORIAL ONCE again Indonesia may face a fuel crisis as international crude prices inch towards US$74 a barrel. But unlike last year when soaring global fuel prices almost caused a collapse in the rupiah and stoked runaway inflation, this time the local currency is
      510 words
    • 1230 24  -  Many states are increasingly reluctant to let new members into Europe's 'rich dub' SHADA ISLAM Brussels Correspondent THE European Union marks the second anniversary of its "Big Bang" expansion to include 10 mainly central and eastern European states on May I■ but celebrations
      AFP  -  1,230 words
    • 773 24  -  THE BOTTOM LINE ROBERT SAMUELSON Tribune Media Services AMERICA and Europe share a basic problem sociological and economic. In this century, people migrate across traditional political boundaries at an accelerating pace. This they do mostly to gain economic well-be-ing. And it is not
      Tribune Media Services  -  773 words
    • 1319 25  -  Among them are Google's founders and CEO and Apple's top exec; but they all are already fabulously rich, anyway By CHRIS GAITHER Los Angeles Times IN CORPORATE America, few status symbols rival the one-figure salary. As companies file their annual reports disclosing how much they pay
      Los Angeles Times  -  1,319 words
    • 5541 25 ■TTTTnrnrmHHHHHHHi ACMGI Amer Income B USD 8.52/ ACMGI Amer Income A EUR 6Ml ACMGI Amef Income B EUR 6.84/ n ,TTi M9 (S P 0 ACMGI Eimp Income Opp AT SGD 15.01/ V5Z ACMGI Europ Income Opp BT SGD 15.01/ SIiSEEi S ACMGI Ei*op Income Opp
      5,541 words

  • Page 25 Advertisements
    • 43 25 f DIT Europazins Best Bond Europe Fund over 5yrs category Allianz (Hi) rated AA by Standard Poor's. Global investors >0111'i 1 I tl(; t t i| >' 'i >11 ii 1.1| K M 1 I'll' 1 m M .,)<). (om(),iny it'i;n no l l WO/l()S»/
      43 words

  • 10747 26 SGX MAINBOARC Transaction date: Apr 27 52-Wk W Lad Vol Day Lot Quote GrfNv Mr GftM IM MCaa High Low Cod* Company Salt C000) low fctyr SoMr On n Sw> 5 1 5716 1st Software 5t 2.5 -0.5 104 2.5 2.5 2.5 3 10.1 17 6 3148 8TelecomUS2c
    10,747 words

  • 6133 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS %dy yr %dy %yr %dy %yr lnd«» Ch«ng« Ch»nq« Chang* Changt Chang* Chang* WtortdlwfaiPwiwiwy 1035.9 0.4 6.8 0.4 4.1 0.5 9.0 t EAFE Preliminaiy 1060.8 0.4 9.0 0.4 8.4 0.5 J3 5 E urope Preliminary *****
    6,133 words

  • Page 28 Advertisements
    • 1262 28 /g\ NYK GROUP SOUTH ASIA PTE LTD F" K T8_:*****123 \LV"*A XV Aline ytedf A3 1m LINE Fax:6292 2856(Regionalsales)/6239 71()9(OPS)/6299 5785pocumentation) NIPPON YUSEN KAISHA TOKYO B>»«U KABMA. ITO (C/R NO: **********0E) UK CONTINENT SERVICE U.S-A SERVICE Destination Destination NASSAU PARADISE RDM/ATW/BMN/TLB/NAN TIAN SHAN HAI CAM/NFK/SAV/NOL STAR SEA RAINBOW RDM/A7W/BMN/UK/NAN Loads
      1,262 words
    • 741 28 [WiWIAIUKOKDIWVKI VBSB/VOT IMWII WGWIWI KG KCH IP SM MT STRAITS YWTUK 04/04 IS 3.2 04/04 09/04 20/04 73/04 25/04 STOUTS VBflURf 07/04 IS J. 2 27/04 30/04 04/05 07/05 09/05 STOUTS VBiTUtt IS 3.2 H/PS 15/05 11/05 21/05 23/05 IAUgTOAUAN KOtO MKVKI I vßsa/vor Immkkdl wchtwi m an m stp
      741 words

  • Page 29 Advertisements
    • 1918 29 WAN HAI MTERNATIONAL PTI LTD at NO: 14******00/1 VrtA ..hi. TH:*****5M (MUNIS) FAX:*****163 VAN >1 WAN HAI I INr> c»st«*rSarvin/lookkgsWrwfUn-(1800)*****200 Y 11 v lift I hlllhJ «LTH:|OJ)D«ei*»HU: (03) *****2* FBI It (04) 22*5400 HULtO4)BH»W JOHIH: (07) 251W23 FWb (07)*****21 3D IB: (0)1) 32*5475 HUt (031) *****14/ *****05 wmkal ran fa
      1,918 words
    • 2202 29 resa WY SIN JKT MIP PUS VESStI VOY T JKT SU» HKG DSN PUS HAWJIN S£OUL 0307t 3/5 7/5 IVS 17/5 KMK KEELUW6 6QSS 30/4 3/5 4/5 VS 13/5 14/5 HAMJIN KWAWGYAUG 0273E 12/5 14/5 20/5 ?4/5 KMT( PUSAN 406S 7/5 10/5 11/5 14/5 20/5 21/5 VBSfl VOY SW USA
      2,202 words

  • Page 30 Advertisements
    • 956 30 (Asia) Pie Lid wZIZ' 70 Sh—tow Way, *21-03 MartwH-sa *****1 NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES AKt ARRIVAL DATES VESSEL VOT SwoQßQft Jakarta Port Hadfaad fn—tW Cetat Iriaad CWbtaws lilaiid~ PasirOadaaa blond Express 1E603 X 07 Apt 10 Aw 14 Apt 2LAH Zlißl Siiffll
      956 words
    • 765 30 sw —ft— —sfe— aw =m —il~=H= KSuu" a; Si -iSwum I iwa I v.m I wis I L^gg__l_j!a_l_!iaL_J__igjL-- r Blb -San WT\IT Bk I"i I "Iw gg IMIiIMJiM mvi, gIT* -at- lau wp fgl P"*i Wt IMMM I VtSSU VOY SW POtT KIANG CMTTAGONG Marti gggW »aa|hafc(PAT) UaaiChafcat Vay Mn
      765 words
    • 372 30 i BSfl x MYANMA nH five star une (Myanmar National Line) Loading for Yaagoa VESSEL VOY SIN PHI PEN PGU CHIN SHWE HAW 90W SID PAGAN 349W SLO IN MALAYSIA: lOUSTEAD SHIPPING AGENCIES KUI/PKL 03-*****3 M PEN: 04-*****1S ifHHA ACCEPTING CONVENTIONAL C6O Vtssa VOY MG SIN Pitt FUTURE AQ 40
      372 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 6361 31 This ETA ETA A4hMrtiMT Vessel Voyage Telephone ETA ETA Adnrtur y«m Voyage Telephone SM D«tn Nam* Name Number Number SM Dot n Name Nm Numter tab* t >n.rL.*A r. .1 -ww,, 11«5 17/05 Bung Mis MEUNH MSL34N *****968 £05 o2?2I1 621W M3 To HALDIA
      6,361 words

  • executive lifestyle
    • 1642 32  -  Art consultancy is a full-time job, creating and managing collections for private and corporate collectors, writes PARVATHINAYAR PARVATHI NAYAR THEY are solo operators with specialised knowledge of their subject. Discreet yet widely networked, they are equally at ease, whether among glitzy corporates or reclusive artists.
      ARTHUR LEE  -  1,642 words
  • Page 32 Advertisements

  • EUROPE SPOTLIGHT
    • 1134 33  -  The city is an attractive mix of personalities and cultural references. A much needed urban overhaul is adding to its appeal, reports DAVEN WU DAVEN WU IF there was ever a city that is primed for its National Geographic close-up, it's Athens. Your most immediate impression of
      AP  -  1,134 words
  • Page 33 Advertisements
    • 119 33 fujß^nl^p' l u SMHaHniyJIl v u\^^^li^B^aiiKiß ~^SOKKpF skytrax 0 5 Star Airline QATAR AIRWAYS arfjl=ill OmOALAKUNE FLY TO EUROPE FROM AS LOW AS $899 Sale is valid from 13 Apr-31 Jul 2006. Travel is valid from 13 Apr-31 Aug 2006. The above seated economy class fare requires at least 2
      119 words
    • 27 33 Win a trip to Madrid Check out next week's Europe Spotlight and see how you can win a trip for two to exotic Madrid on Qatar Airways.
      27 words

  • BOOKS
    • 1140 34 Dan Brown's book, first published some three years ago, has developed into a profitable business category all of its own WITH the countdown to the movie in May. x The Da Vinci Code continues to hog the headlines and the fine print. From sublime to
      1,140 words
  • Page 34 Advertisements
    • 217 34 Ignr; m t"i H h #W >: m Presents > 1 ikiJr 1 I tiflBSS WPfc .i<^W <1 *y' y a M E fw Vj t KmR/V 1/ h ISiiSrl KMsffer^ y *.'*m4 y %fc«a« 1 /i Bk ni |H H| 1^ li "r" Of ok "~^f3Bßa®Jl^R fc^^BßP^P^3'T^' ;-*iSP %.**jw
      217 words

  • BOOKS/ARTS
    • 570 35  -  WORDS FROM THE TOP Singapore Environment Council executive director Howard Shaw talks to PARVATHINAYAR about reading to relax, the environment and corporate responsibility PARVATHI NAYAR Q. Is there a book that has made a huge impact on your professional life? A. As environmentalists we are
      ARTHUR LEE  -  570 words
    • 447 35  -  THEATRE By SANGEETHA MADHAVAN Escape Theatre has gone over to the dark side from the romantic comedy Modern Dance for Beginners to a classic about human rights abuse with the opening of Ariel Dorfman's Death and the Maiden last week. While the
      447 words
    • 656 35  -  PARVATHI NAYAR finds out what writer Jake Needham thinks of The Da Vinci Code, the publishing business, crime and thrillers PARVATHI NAYAR Everything begins with a dead body at least in the world of crime, fictional or otherwise. Take Jake Needham's latest book, The Ambassador's Wife,
      656 words
  • Page 35 Advertisements

  • CINEMA
    • 502 36  -  Johnnie To's gangster flick falls short of what it's trying to achieve, writes JAIME EE JAIME EE E LECTION 2 is a contest that is not won with a simple tick on a polling card. Not when the top post in question is that
      AP  -  502 words
    • 294 36  -  DVD By PARVATHI NAYAR AFTER winning Best Picture at the Oscars this year and despite being the recipient of a tasteless tirade in print from Annie Proulx, who felt the movie based on her short story should have won Paul Haggis's Crash has
      294 words
    • 341 36  -  By UMA SHANKARI FANS of CS Lewis' classic novel The Lion, the Witch and the Wardrobe will no doubt be pleased to know that Disney's adaptation called The Chronicles of Narnia: The Lion, the Witch and the Wardrobe to avoid confusion remains
      341 words
  • Page 36 Advertisements

  • WINE
    • 1221 37  -  The wine shows its best to those who seek to understand it, and with the patience to wait, says N K YONG N K YONG THERE is one Chateau in Saint-Emilion whose proprietors quietly and serenely go their own way making their wines as
      1,221 words
  • Page 37 Advertisements
    • 65 37 ©Herman Miller MIRRA CHAIR Imttad l—to— SINGLE HEIGHT PNEUMATIC fH I tilt umiter wuKJ TwßtnfffljiHHr FIXED ARMS W www* tooi®" JB/tki usual VALID WHILE STOCKS LAST XX- Ml Iving 0 panang road 01-01 park mafl ******0 1 8336 0686 a IMngOxlr».com. <B Takaahknaya mtanof dapt. baaamant 1 t 6734 6063
      65 words
    • 192 37 Sence, the participants will learn from the native and competitive strategies to reach "further,; j iew global business landscape for their growth. 1 the global competition and opportunities global economy rate with others globally? thns of globalization and how does it doing business f •eagVbngtai Oel Hong Leong *oet»OrGenerai Chairman
      192 words
  • Page 37 Miscellaneous
    • 287 37 CRYPTIC CROSSWORD ACROSS A man rea estate may 1 Stops,nthetheatre<6> employ him (4 5) 4Go bananas when there's a 5 nT /r a good move (10,4) I n T Ver °<\ t ha Saw a dunderhead get on (5) 10 Twice dismissed for be,ng un- 7 WreKhed qualified (3-3-3) to
      287 words

  • 826 38  -  Making Time LARRY WEE highlights some eye-catchers at this year's Swiss fairs that will surely excite collectors LARRY WEE A MODICUM of restraint was noted by some at this year's spring watch fairs in Switzerland, as if exhibitors were still catching up with orders from
    826 words
  • Page 38 Advertisements
    • 90 38 EST? 1954 SINCERE fine watches This series is brought to you by Sincere Fine Watches More than 250 years of uninterrupted history E 'u*" uvi v«i«v —-hto o JL O malte dual time c Selfwinding mechanical movement. Second timezone indicator. Day-night indicator. Date calendar and power-reserve indicator. > n/\L| /\/\kl£*T
      90 words