The Business Times, 9 June 2006
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2006-06-09
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The Business Times
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Title Section16 2006-06-09 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial .com.sg MICA (P) 099/03/2006 Friday, June 9,200616 words
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Article, Illustration904 2006-06-09 1 UMA SHANKARI - From retailers and bookmakers to logistics providers, World Cup fever is truly upon the island By UMA SHANKARI [SINGAPORE] The world's biggest sporting event kicks off at the stroke of 12 tonight, when host Germany takes on littleknown Costa Rica in theYEN MENG JIIN - 904 words
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685 2006-06-09 1 MATTHEW PHAN, NANDE KHIN - By MATTHEW PHAN, NANDE KHIN [SINGAPORE] China is to scrap foreign exchange quotas for its companies investing abroad, in a move that could boost capital outflow to South-east Asia and elsewhere. But economists say that Singapore may not benefit directly,685 words
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Article135 2006-06-09 1 sn 2,297.11 (-58.32) ST INDEX FUTURE! 2,300.00 (-58.00) SIMSa 272.63 (-7.35) SIMSa FUTURES 274.20 (-5.50) MARKETS Thursday Change KLSE COMP 917-25 -6.32 NIKKEI 225 14,633.03 -462.98 HANG SENG 15.450.11 -366.44 SET INDEX 675.63 12.59 JAKARTA COMP 1,241.33 -45.85 MANILA COMP 2,157.68 -60.74 SEOULCOMP 1,223.13 -43.71 SHENZHEN B 287.56135 words
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Page 1 Advertisements
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Advertisement39 2006-06-09 1 AVIATION A 380: A great and new way toffy PAGE 20 OTHER REPORTS A surprise World Cup opener page 6 Battle of the brands page 22 World Cup literature page 23 Hotels gear up for soccer mania page 3439 words
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Advertisement13 2006-06-09 1 A DTC ECCTIVAI F%lm I<3 ruo 11 w#%l» ■K? Illusions of the 813 words
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Advertisement43 2006-06-09 1 THE CFO INTERVIEW 13 Lester Iky on the waste-water treatment business in China PAGE 9 CUPPER RACE Winning ways PAGE 13 m v*'osBBBEBEI? m mm wfe m w&m m, ji m m oBrl [Iw m 1 J PW| Wm 1 umV PU www.carticr.com43 words
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TOP STORIES
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407 2006-06-09 2 KRITI SINGH - By KRITI SINGH [SINGAPORE] Pharmaceutical giant GlaxoSmithKline (GSK) plans to spend more than $300 million in the next four years on its first manufacturing plant in Singapore. The plant will be GSK's biggest vaccine investment in Asia and the first407 words
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591 2006-06-09 2 Also in retreat are prices of gold, copper and oil Reuters Bloomberg AFP [LONDON] Global share markets nosedived yesterday with India, Norway and Russia experiencing the biggest losses, on concern that higher interest rates will stifle spending and earnings growth. Prices forReuters; Bloomberg; AFP - 591 words
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Article, Illustration548 2006-06-09 2 NEIL BEHRMANN - Moody's, S&P slash BAA ratings, citing debt burden By NEIL BEHRMANN in London THE Grupo Ferrovial consortium, in which Singapore's GIC has a stake, has won the £10 billion (Ss29 billion) takeover battle for British airports operator BAA, after US investmentAP - 548 words
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Article466 2006-06-09 2 Mahathir sows seeds of Umno leadership tussle FORMER Malaysian prime minister Mahathir Mohamad's scathing criticisms of his successor Abdullah Ahmad Badawi is stoking fears that the stage is being set for a leadership tussle during party elections in the United Malays National Organisation (Umno) next year. Indeed, the466 words
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Article54 2006-06-09 2 IN "Developers report hot sales of condos" (BT, June 8), we said that all units at SC Global's Three Three Robin had been sold at an average price of $1,100 per square feet. That was actually the price at which the development was launched back in mid-2004. We are54 words
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Article, Illustration835 2006-06-09 4 S JAYASANKARAN - Some see harsh criticism of PM as a divide-and-rule strategy NEWS ANALYSIS B) S JAYASANKARAN in kuaia Lumpur FORMER prime minister Mahathir Mohamad's scathing criticisms of his successor Abdullah Ahmad Badawi is stoking fears that the stage is being set for a leadershipAP FILE PHOTO - 835 words
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453 2006-06-09 4 CONRAD TAN - Stake worth 409b rupiah; Bank Permata block may also be available By CONRAD TAN [SINGAPORE] Temasek Holdings may seek to increase its stake in Indonesia's sixth-largest bank, Bank Internasional Indonesia (BII), after wire reports said that the Indonesian government is preparing453 words
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Page 2 Advertisements
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Advertisement172 2006-06-09 2 SPIRE SPIRE INVESTMENT HOLDINGS LIMITED (Company Registration No. *****1954N) (Incorporated in the Republic of Singapore on 14 February, 2006) An opportunity to invest in the growing Indian Real Estate Sector Invitation in respect of an initial public offering of 35,000,000 "A" ordinary S$ shares at an offer price of S$1.00172 words
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Advertisement11 2006-06-09 2 people Black belts wanted. v.vV.v.tlepeoß.ieatorn com Asm Pac fx- Cw S«-.Tf11 words
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Advertisement39 2006-06-09 3 '11" A BK^mlM^^^M :gs= 41 JKlic^fiaCß BL4l fl WLfeJMißßllßlß^^B Managed by CDECuni n I pai I K7Q9 cconi foreignerseilgible FRASERS s i rnttnULU I UMLL 0 #0t DO£U I DEFERREDPftYMENTSCHEIVIEfIVAIUBLE »•;£££CENTREPOINT ill HOMES A member the FRASER AND NEAVE39 words
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Advertisement53 2006-06-09 4 IJI 1 bilvdin vwth your heart. l fi *v»Ti.agt. .w «..„^-y.^-^riil&aBiiSaai^———^^KV^MBfe. --^;ir. *&\^-:iflfi iffiiilHI^rr IKe^^^HH y-Jfe^-i^iM I'Wam^tB^BMmSia^^miM:^,4ix?^#iw^v.*:d-v:-fa»ifc>?****,>t ffTnff^jTriffiTMBgtBwt^(^"^^^-*Q*^^*'^-•- H i* 4 i> ci iii\ -^k..;' HS%> WKBaBBBSm^WM/mmM^SSm^mk&s «-,qk.ir 4p .\1»'J *P: Premium Automobiles Showrooms: 9 Leng Kee Road Singapore *****0 Tel: 6566 1111 55 Ubi Road 1 Singapore *****9 Tel:53 words
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Advertisement164 2006-06-09 5 V v 1 ~-L ;v' > COMPLETELY SOLD C i r V. PRICES ACHIEVED UP TO 551,472 P.S.F. n I I Pfl n I ttfl EEs I I P I f _J™ I iPT |L_ I I <»I»I«--ihwwii B ■rvt II i&H>: v BEARING TESTAMENT TO THE ASTUTE VISION OF164 words
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WORLD CUP 2006
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Article, Illustration1098 2006-06-09 6 WALTON MORAIS - By WALTON MORAIS Everything about tonight's opening World Cup match would be unexpected: a German team trying to play aggressively attacking soccer; a Latin American opponent coached by a Brazilian trying to play defensive, methodical football. Even the fact that the tournament is taking place inAFP - 1,098 words
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Advertisement636 2006-06-09 6 Our journalist Winston Chai will be among the 59,000 spectators at the Alianz Arena in Munich today. Catch his first-person account of the opening match between Germany and Costa Rica tomorrow in The Business Times. bJ n s> philips |jjj| sense The BT-Philips World Cup Fund brings together 32 senior636 words
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COMPANY NEWS
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Article, Illustration487 2006-06-09 7 NANDE KHIN - Price of 97 cents seen as good, but shares vulnerable to poor market sentiment By NANDE KHIN LUXURY resort owner Ban yan Tree Holdings' initial public offering of 380.11 million shares, priced at 97 cents a share after a bookbuilding exercise, has raised487 words
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328 2006-06-09 7 CONRAD TAN - Turnover rises 87% on higher shipment of monitors By CONRAD TAN HONG Kong-based TPV Technology, the world's biggest manufacturer of computer monitors, yesterday reported a 33 per cent jump in net profit for the first quarter on the back of sharply higher revenue.328 words
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694 2006-06-09 11 CONRAD TAN - Others likely to benefit include Sing Tel and SIA, Macquarie study shows By CONRAD TAN BANKS, property companies and construction firms are likely to benefit the most in the early development stage of the Marina Bay integrated resort (IR) project,694 words
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Article, Illustration463 2006-06-09 11 VEN SREENIVASAN - By VEN SREENIVASAN IN a move which could further tighten the Tiger and Heineken brands' grip on the Vietnam beer market, Asia Pacific Breweries (APB) and its partners have spent some 31 million euros (Ss63 million) to boost capacity at its southern Vietnam brewery by463 words
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COMPANY BRIEFS
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56 2006-06-09 11 LIPPO Property Investment Pte Limited, which has launched a takeover of Overseas Union Enterprise, has changed its name to OUE Realty Pte Ltd. The offeror is a joint venture between a unit of Indonesia's Lippo group and a unit of Malaysian tycoon56 words
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73 2006-06-09 11 MACQUARIE International Infrastructure Fund yesterday confirmed its dividend guidance of 3.95 cents per share for the six months ending June 30 and 4 cents per share for the six months ending Dec 31. Based on the closing share price of 82 cents on June 7, this73 words
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47 2006-06-09 11 THE interest of FMR Corp Fidelity International Limited in Singapore Post (Sing Post) has fallen from 6.91 per cent to 5.80 per cent as a result of a series of deals between May 18 and June 2 this year.47 words
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316 2006-06-09 11 [JAKARTA] The net profit of Indonesia's largest telecommunications company, PT Telekomunikasi Indonesia Tbk, jumped 25.8 per cent in the final quarter of 2005, amid strong growth in its mobile phone business. Telkom, which controls 65 per cent of Indonesia's largest mobile phone operator PT316 words
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305 2006-06-09 11 WONG WEI KONG - Completion of deal likely to boost FY2006 earnings By WONG WEI KONG INVESTMENT company kl Ventures said yesterday it has completed the sale of The Gas Company (Gasco) in Hawaii for a gain of Ssl4s million. The company, an associate of conglomerate305 words
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Article, Illustration673 2006-06-09 12 UMA SHANKARI - Group will still look for buyouts and management deals after Reit's listing By UMA SHANKARI WHILE a hospitality real estate investment trust (Reit) based on London-listed Millennium Copthorne's (M&C) Singaporean properties could make its way onto the market as early asARTHUR LEE - 673 words
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317 2006-06-09 12 WEE LI-EN - By WEE LI-EN ACCORD Customer Care Solutions (ACCS) is off to a fresh start with a new name, signalling a fresh optimism for the company. ACCS will be able to raise net proceeds of up to about $20.08 million required for317 words
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Article42 2006-06-09 12 UNIT TRUSTS FUNDS LEGEND: All prices are indicative; Broadly Diversified; Narowly Focused; S Lower Risk Low to Medium Risk: Medium to High Risk;** Higher Risk; open-ended; Before subdivision of units; After subdivision of units; SP after stock split; N.A. Non Dealing Day42 words
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Advertisement41 2006-06-09 7 ALOHA TOWERJ HYATT HOTEL ji jS/ Prim* FREEHOLD residential pig! redevelopment site Appr. 68,7005q ft I r*/ r c a p»f Near amenities, reputable school and JB town STRAITS VIEW 111 B9B9QZ^3d WEB 1 STRAITS OF JOHORE Promop Holdings Sdn. Bhd.41 words
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Advertisement143 2006-06-09 7 H —**aMB—MP dW V you yo >1 -^'^i favourite rocking horse. fjf fmS^/' y i».. x* i 4s* pp®lW¥P'?Fs#.#!f i irti |i»l V/■ This Fathers Day, find Dads f*|*^^^rPHv v Mm favourite massage chair I I nc y r L atOSIM. f~y^HWW fj m 4^|6L. T M g ,puk\ Made143 words
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SINGAPORE MARKETS
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Article, Illustration546 2006-06-09 8 R SIVANITHY - STOCKS Situation is arguably not so grim if we trace performance of market from three years ago R SIVANITHY Senior Correspondent HOW painful is this sell-off? On the face" of it, the collapse in the Straits Times Index over the past five weeks isSource: Bloomberg - 546 words
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Article, Illustration451 2006-06-09 8 Deemed Interest; IP: Investment Purposes; SA: Share Allotment; ST: Share Transfer; B/R: Bonus/Rights Issues; OE: Option Exercise; PL: Placement Shares; IT: Internal Transfer OTHER SINGAPORE INDICES Jun8 VALUE CLOSE BT OB/OS -710.00 -16.00 BT CADI -*****.00 -334.00 BT 10-day MA -*****.00 -71.00 All-SG Equities 589.82 -15.31 SG451 words
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Article, Illustration870 2006-06-09 8 MATTHEW PHAN - Compiled by MATTHEW PHAN Banking Sector UOB, Jum 8 data: $HBfc DBS Group, June 8 dose: $18.70; OCBQJmm 8 doat: $6Jfc Greet Eastern Holdhpi June 8 dose: $14.00 CITIGROUP, June 7 Mortgage growth showing further weakness: System loans grew 0.4 per cent month-on-month (up 3.2 per cent year-on-year) onSource: Bloomberg - 870 words
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Article, Illustration514 2006-06-09 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE US dollar was once again the big winner as Asian equity markets continued to tumble sharply on fears of higher interest rates worldwide, but the Australian dollar and the Chinese yuan were notable exceptions. With Wall Street's benchmark514 words
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THE CFO INTERVIEW
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Article, Illustration1372 2006-06-09 9 SIOW LI SEN - Waste water treatment in China is big business and upgrading to the mainboard will help raise funds needed to capitalise on that, Asia Water's CFO Lester Tay tells SIOW LI SEN SIOW LI SEN ASIA Water Technology is on a roll. Since listing in1,372 words
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Page 9 Advertisements
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Advertisement10 2006-06-09 9 v v -vv ;> 4 Jifc:,• i", j r 'j.Vl&y Lv10 words
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Advertisement66 2006-06-09 10 1 1 I —~~p r I l I uMV\M jjj^! =3 a _4 TViS is K<a- {Wife ft* Ju^Ld^f mJT vy rjp OS steLrt WK-djpjjfc wefeln I«m- t«uai ,fIT > (J (y L/ \M ouk/L prcukci ode khe cx?£f&sk)p. M Ves as OA l o>uy WvoW Vt\/iVuy in \r^qxi\(mti j|66 words
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Page 11 Advertisements
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Advertisement23 2006-06-09 11 Parting company? Make it known. Call 1800 289 8822 or email notices@sph.com.sg to book your corporate notice in our newspapers now. AT3 NOTICES23 words
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Advertisement1945 2006-06-09 11 ;»at^ €0 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF KINGSBURY HOLDINGS PTE LTD (In Members' Voluntary Liquidation) Reg No. *****7624R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Suite 3102, 31/F Nine Queen's1,945 words
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Page 12 Advertisements
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Advertisement37 2006-06-09 12 Wj fe I You can now use your CPF savings to invest in AllianzGl Global Allianz (m) Hiqh Payout Fund. Visit our appointed distributors for more details. Global |nvestors w J I company regn. no *****7169Z w ■•>37 words
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KEPPEL.CLIPPER – ROUND THE WORLD
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Article, Illustration1463 2006-06-09 13 VINCENT WEE - A change in tactics to take advantage of light winds led to a first place finish in the Victoria to Panama leg of the Clipper 05-06 Round the World Yacht Race, says BT journalist and sailor VINCENT WEE aboard Uniquely Singapore Clipper offINGRID ABERY - 1,463 words
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Advertisement89 2006-06-09 13 Near Market, Near Customer ■■■M Keppel FELS (Singapore) Keppel Shipyard Tuas (Singapore) Keppel Shipyard Benoi (Singapore) Keppel Shipyard Gul (Singapore) Keppel Singmarine (Singapore) Keppel Kazakhstan (Kazakhstan) Keppel Velrome (The Netherlands) BrasFELS (Brazil) Keppel FELS Brasil (Brazil) Caspian Shipyard Company (Azerbaijan) Keppel AmFELS (USA) Arab Heavy Industries (UAE) Offshore Marine (Norway)89 words
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SINGAPORE NEWS
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451 2006-06-09 14 WEE LI-EN - Amount compares with $687m saved in FY03 and $736m in FY04 By WEE LI-EN ECONOMY measures including outsourcing carpark enforcement, switching from proprietary to open-source software and reducing vehicle fleets helped save the government $602 million in FYOS. The savings come to just451 words
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Article, Illustration56 2006-06-09 14 FOR the first time in the history of the Singapore Arts Festival, body art was included in the programme and yesterday shoppitrs and pedestrians along Orchard Road were treated to a marriage of music and body art. Designs on the models were inspired by Swatch timepieces andKENNETH KOH - 56 words
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SINGAPORE ROUNDUP
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Article48 2006-06-09 14 UNDER a new Air Services Agreement just signed between Singapore and Greece, airlines from the two countries will be able to operate a larger number of passenger flights without restrictions on aircraft type. The liberalisation of aviation relations is intended to stimulate bilateral trade, tourism and investment flows.48 words
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Article40 2006-06-09 14 THE Ministry of Finance is inviting comments from the public on proposed amendments to the Income Tax Act, particularly on areas that require greater clarity or where compliance can be facilitated. The consultation exercise will be open until July 8.40 words
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290 2006-06-09 14 SWATI CHAUDHARY - By SWATI CHAUDHARY THE operator of Island Power has awarded a $970 million contract for the procurement and construction of a gas-fired combined cycle plant to German firm Siemens and Korean giant Samsung. Island Power Singapore's sole "V independent power producer is a290 words
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Article, Illustration498 2006-06-09 14 CONRAD RAJ - By CONRAD RAJ THE former chief executive of the National Kidney Foundation (NKF) TT Durai has denied any wrongdoing, breaching his duties as a director or failing to act in the best interest of the charity. NKF's new management has sued Durai and three498 words
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422 2006-06-09 14 CRYSTAL NEO - By CRYSTAL NEO A NEW stored value card to be introduced next month aims to help people spend small sums faster than ever. The issuer, Nets, is looking particularly at outlets it calls "quick service retailers". The new Nets Combi Cash422 words
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Advertisement1424 2006-06-09 14 :*AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com sg TUAN SING HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****0130 M NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Tuan Sing Holdings Limited (the "Company") will be held at 9 Oxley1,424 words
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Advertisement17 2006-06-09 14 Call 1800 289 8822 or email notices@sph.com.sg to book your tender notice in our newspapers now. CLVDCCWQ17 words
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ECONOMY WATCH
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700 2006-06-09 15 Analysts say easy money has been made and recovery will be gradual Reuters [NEW YORK] The sudden U-turn in commodities prices has stunned market bulls who cheered their steady charge upward over the past few months, but analysts said new highs are still likely.Reuters - 700 words
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Article, Illustration525 2006-06-09 15 Reuters [WASHINGTON] Former US Federal Reserve chairman Alan Greenspan on Wednesday offered a grim view of the world's vulnerability to high crude oil prices, saying he doubted producers would pump enough oil to meet future demand. "The energy abundance onReuters; BLOOMBERG - 525 words
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417 2006-06-09 15 But they are less bullish than 3 months ago Reuters [BOSTON] Chief executives of the largest US companies expect the US economy to grow over the next six months, but their view is less bullish than it was three months ago, according toReuters - 417 words
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Advertisement497 2006-06-09 15 $5? i -Yvk i vffcr real yWlllfMMß^^Mß^^^^MlMß Enjoy Benefit growth 2 in infrastructure limited proprietary tra<&)jpßt^HH^H^H .v viaEIH^I v*iitfgiigM^^^^^^^Kl^i^^raßfßßW^Bß| fl i v jv I I■ JHH ,^'V| I f/y~ ■m^^Wgm PPH *V ;''^*^P^^l i f V- Iff '■■'£/1 e-v j pp- -'-?^Sf H I L I m- <~ i-»m 'mmmmm497 words
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MALAYSIA/INDONESIA
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511 2006-06-09 16 SHOEB KAGDA - Move attempts to attract new foreign direct investment, boost economy By SHOEB KAGDA in Jakarta IN desperate need of new foreign direct investment (FDI), Indonesia is looking at giving tax breaks to car makers to persuade them to set up plants, Investment511 words
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Article, Illustration387 2006-06-09 16 Speculation that pension fund is seeking takeover Bloomberg [KUALA LUMPUR] Shares of Rashid Hussain Bhd, which controls Malaysia's fourth-biggest lender, rose after the resignation of its chairman increased speculation of a takeover. Rashid Hussain surged as much as 6.9 per cent after the company saidBloomberg; BLOOMBERG - 387 words
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225 2006-06-09 16 [SINGAPORE] US private equity fund Farallon Capital and several Indonesian businessmen are seeking to take over Indonesia's PT Berau Coal, banking sources said on Thursday. The bid, estimated at US$2OO-US$25O million, is being challenged by one of the existing shareholders of225 words
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BRIERY ASIA
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57 2006-06-09 16 AFP [HONG KONG] The ratings agency Standard and Poor's (S&P) said yesterday Macau may overtake the Las Vegas Strip as the biggest gaming market in the world in terms of revenue within the next few years. China could also become the second-largest gamingAFP - 57 words
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69 2006-06-09 16 Reuters [HONG KONG] News Corp will sell a 19.9 per cent stake in a China-focused broadcaster to the state parent of China Mobile Ltd, the companies said in a joint statement yesterday. The stake has a market value of US$lB5 million. After theReuters - 69 words
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41 2006-06-09 16 Reuters [HONG KONG] US oil firm Chevron Corp has been frustrated in a bid to expand its petrol station business in China after a venture with Beijing-backed Citic Resources Holdings failed to win government approval. —ReutersReuters - 41 words
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Page 16 Advertisements
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Advertisement131 2006-06-09 16 m. TArtft Auiairt thruilrinn tfiji twita Haw*cwev*rorpi«riwo awbto stroma 90 ip J|g im liiiiiiiMiirn.iilKlß^^^M wo* w profMston^wß^B kml II PI AH A A M J u nominate wtH have demonstrated perseverance, IV| IVI |L> I >•' J I I t£n\\\ °r Her Wd f|J§| v i mm i I N>'131 words
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GREATER CHINA
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429 2006-06-09 17 Govt official assures it won't be used to target foreign business AP [SHANGHAI] A draft antimonopoly law endorsed by China's Cabinet will not be used to target foreign businesses, a senior official said yesterday. The proposed law bans monopolistic agreements, such as price-fixing andAP - 429 words
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420 2006-06-09 17 [HONG KONG] Morgan Stanley Real Estate Fund is close to signing an agreement to buy a luxury residential block in Shanghai for more than 800 million yuan (*****.8 million), says a report in the South China Morning Post. The paper quotes sources420 words
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144 2006-06-09 17 AFP [SHANGHAI] CAMC Engineering, the first Chinese firm to launch an initial public offering (IPO) after a year-long ban on new shares sales was lifted, was 576 times oversubscribed, the deal underwriter said yesterday. In a statement filed with the Shenzhen Stock Exchange, leadAFP - 144 words
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Article, Illustration335 2006-06-09 17 Illegal holdings of listed firms' capital will be an offence Reuters [SHANGHAI] China's stock watchdog has issued its sternest warning so far for state shareholders to clear their illegal holdings of listed companies' capital by the end of this year a keyReuters; REWERS - 335 words
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INDIA
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389 2006-06-09 18 Foreign investors pull out funds on fears of rising interest rates Reuters [MUMßAl] Indian shares tumbled nearly 5 per cent to a 20-week low yesterday, wiping out gains made in 2006 as persistent concerns over rising interest rates spooked stock mar- kets aroundReuters - 389 words
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453 2006-06-09 18 Talks do not constitute takeover negotiations, says Arcelor spokesman AFP [PARIS] Executives from European steel group Arcelor and Mittal Steel are to meet for the first time to discuss the unsolicited bid by Mittal for its European rival, Arcelor said on Wednesday.AFP - 453 words
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150 2006-06-09 18 Reuters [HONG KONG] China's second-largest telecoms equipment maker, ZTE Corp, plans to build a wireless network based on the CDMA standard in India with salt-to-software conglomerate Tata group. Under its strategic alliance, ZTE said it would exclusively supply equipment for Tata-Indicom toReuters - 150 words
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Page 18 Advertisements
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Advertisement373 2006-06-09 18 V,»lur Mr.ils ai %V# it( (I |>ri ill in llillt i lire <lnnn ul ot h <*/lr,i/M»l f ill inks lAcrn U'f.: Oor'.-r\'i I 'ST'-i-./jh H.'iiruir. 0 h.r> V f 'i\', j Don Kamponq Fr;?:'J R <; SSi r J fr.t. Thir.i' Bf.-t.-boon Soua L^kvj Frif.-'J Th;n V/k- .v-'jy Tf>i.v373 words
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Advertisement136 2006-06-09 18 'Finally avai(a6le here ESTATE BAMOS3A VALLEY Premium Shiraz Premium GSM Dry Grown Grenache Dry Grown Cabernet <^eF\Ji^ne/ 40 Holland Grove Rd. Tel: *****053 60 Keamm To F«M Again Savour delectable dishes in our popular '60 Dishes Deluxe Feast' such as Braised Shark's Fin Soup with Crabmeat. Shredded Pork with Garlic136 words
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ASIA-PACIFIC/WORLD
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Article, Illustration468 2006-06-09 19 Management buyout will protect Skylark from possible takeover Reuters [TOKYO] Nomura Holdings Inc and private equity firm CVC Capital Partners yesterday said that they will lead a buyout of restaurant chain Skylark Co for up to US$2.4 billion, making it Japan's biggestReuters; REUTERS - 468 words
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387 2006-06-09 19 LATEST US DATA Bloomberg [WASHINGTON] US wholesale inventories rose more than forecast in April, exceeded by a jump in sales that suggests companies will rely on production gains to meet rising demand and help keep the economy growing. The 0.9 per cent rise inBloomberg - 387 words
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436 2006-06-09 19 Bloomberg [BRUSSELS] Euronext NV shouldn't rush to accept NYSE Group Inc's takeover bid before being sure Deut*i sche Boerse AG has made a final and best offer, Axa SA chief executive Henri de Castries said. Euronext, operator of the Paris andBloomberg - 436 words
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468 2006-06-09 19 Reuters [NEW YORK] Federal prosecutors and regulators investigating possible widespread stock options manipulation are more likely to find negligent or unethical behaviour than documented illegal activity, experts say. The suspect options practices have roiled mostly technology companies in recent months and are rootedReuters - 468 words
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Article, Illustration432 2006-06-09 19 Bloomberg [LONDON] GlaxoSmithKline Pic the maker of Aquafresh toothpaste offered more than US$l5 billion for Pfizer Inc's consumer unit, one of at least three bids received by the US company, people familiar with the negotiations said. Johnson Johnson and the UK's Reckitt Benckiser PicBloomberg; BLOOMBERG - 432 words
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398 2006-06-09 19 Bloomberg [NEW YORK] Hilton Hotels Corp the third-biggest US hotel company by stockmarket value may open as many as 10 WaldorfAstorias around the world to take advantage of growing demand for luxury rooms. The company has received "some very significantBloomberg - 398 words
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Advertisement92 2006-06-09 19 FME DNNG RESIMJRANT AREA APPIS3OOSQFT LEASEHOLD 99 iHIHVH"".. Spa 9 ilu o areaapp booos^t LEASEHOLD 999 $6.5 M( TENANCY $29K) C Mil Jelrltlf] AAASAiI 1 rrRHHH l y y' v"' FOR SALE BY < X TENDER "V •999-year Land Area of •w' 1 V 17, 690 sq ft <1* V92 words
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AVIATION
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Article, Illustration628 2006-06-09 20 GEORGE JOSEPH - SlA's A380: a great and new way to fly It will boast striking interior design, fittings and comfort levels By GEORGE JOSEPH in Toulouse, France THE Singapore Airlines A3BO, the first in the fleet of the largest aircraft that has ever flown the skies, will be stunning in its interior628 words
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414 2006-06-09 20 Bloomberg [BEIJING] China approved Airbus SAS's plan to set up an A 320 assembly plant in the country's eastern city of Tianjin, as the aircraft maker tries to expand its share of the world's second-larg-est aviation market. Airbus will have the capacity to buildBloomberg - 414 words
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Article, Illustration343 2006-06-09 20 Reuters [NEW DELHI] India's Cabinet approved a proposal mandating the state-run airport operator to modernise 35 airports in sec-ond-tier cities within the next two years, the civil aviation minister said yesterday. The modernisation process will cost the government between 70 toReuters - 343 words
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LOG BOOK
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83 2006-06-09 20 AFP [SINGAPORE] Singapore and Greece have signed a new air agreement to allow carriers from the two countries to operate more flights between the two destinations, the city-state said yesterday. There will be no restrictions on the type of aircraft flown under the pact,AFP - 83 words
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50 2006-06-09 20 Reuters [HELSINKI] Finnish national carrier Finnair sees fast growth on its Asian routes continuing, as the company is adding new flights and destinations, the firm's spokesman said yesterday. "We see double-digit growth continuing on Asian routes," Finnair's Investor Relations director Taneli Hassinen said. —ReutersReuters - 50 words
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559 2006-06-09 20 VEN SREENIVASAN - Good financials expected for next 2 years: lata By VEN SREENIVASAN [SINGAPORE] The global aviation industry has been able to cope with rising fuel prices because of robust revenue, but the party could come to an abrupt end if high oil prices and rising559 words
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138 2006-06-09 20 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Jetstar Asia has been voted the Best Lowcost Airline 2006 for both the Asia and South-east Asia categories in the Skytrax Airline of the Year survey. A delighted Chong Phit Lian, CEO of Jetstar Asia, said she was happy and138 words
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Article397 2006-06-09 20 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AK), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:397 words
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SHIPPING
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Article, Illustration571 2006-06-09 21 DONALD URQUHART - EU Green Paper urges international efforts to fight security threats By DONALD URQUHART [SINGAPORE] A more integrated policing of European Union waters and greater international cooperation are needed to combat rising safety and security threats, said a new EU Green Paper whichAFP - 571 words
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364 2006-06-09 21 Asia overtakes Europe in standard vessel market AP [ATHENS] The future of Europe's shipbuilding industry lies in the cruise and ferry sector, as the Far East has established a stronghold in the standard vessel market, European shipbuilders said on Wednesday. China and Korea haveAP - 364 words
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236 2006-06-09 21 Reuters [SAO PAULO, Brazil] Brazil's main port of Santos moved 6.56 million tonnes of cargo in April, its best performance of 2006 and up 13.4 per cent from the same month of 2005, the Port Authority Codesp said on Tuesday. Codesp said thatReuters - 236 words
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Article288 2006-06-09 21 SGX '000 Jun8 SS W- Vol CH Offshore .0.34 -0.01 241 Oman Hup .0.31 0.01 2191 Cosco Corporation... 1.20 -0.09 ***** CWT Distribution 1.16 -0.05 104 Ezra Hldgs 2.00 -024 903 Freight Unks 0.05 -0.01 3314 Grand Banks Yacht 0 88 -0 02 20 Jaya Holdings 1.29 -0288 words
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729 2006-06-09 21 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR THE charterers of a vessel, who admitted liability for demurrage to the vessel's owner but kept failing to pay up even after an arbitration award in favour of the owners, have lost a bid to have the award overturned on729 words
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Page 21 Advertisements
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Advertisement1430 2006-06-09 21 ;*at^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICE OF FINAL MEETING IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GAINES LABORATORIES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (REGISTRATION NO. 197WQ123W) NOTICE IS HEREBY GIVEN th*t the Final Genera] Meeting of the members of the1,430 words
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EDITORIAL & OPINION
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Article525 2006-06-09 22 EDITORIAL ECONOMISTS have again raised their forecasts of the Singapore economy's full-year growth, with the most upbeat of them now looking at near 8 per cent expansion. Going by the track record, they may well fall short again, if the economy romps home ahead of expectations525 words
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Article, Illustration935 2006-06-09 22 PETER GRIFFITHS - The fight pitches official sponsors against firms who hope to piggyback the event By PETER GRIFFITHS Reuters BEFORE a ball has been kicked in Germany, the World Cup is gripped by a fierce contest between teams of global heavyweights andReuters; AP - 935 words
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Article, Illustration784 2006-06-09 22 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT IS hard not to feel some sympathy for departing Treasury Secretary John Snow. He worked tirelessly for President George W Bush, trudging all over the country to plug the administration's policies.The Washington Post Writers Group - 784 words
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Article, Illustration1785 2006-06-09 23 LEON HADAR - But no amount of incentives is going to make Teheran abandon its nuclear drive LEON HADAR Washington Correspondent For several years I have argued that Washington should adopt a Realpolitik-type approach to dealing with Iran, including by opening a direct diplomatic dialogueAP - 1,785 words
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815 2006-06-09 23 CAROLINE BAUM - By CAROLINE BAUM Bloomberg IF THE first test of central bank transparency is the elimination of market volatility arising from policy-makers' comments, then Federal Reserve chairman Ben Bernanke is quickly earning himself an "F". With the exception of the reaction to the May employmentBloomberg - 815 words
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Page 23 Advertisements
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Advertisement203 2006-06-09 23 WINE SALE Usual NOW Usual NOW Opus one'o2 330.00 265.00 Ch. Pavie'ol 360.00 265.00 Almaviva'OO 132.00 110.00 Ch. Pavie Macquin'ol 130.00 102.00 Alter Ego Ch. Palmer'ol 102.00 78.00 Ch. Pichon Lalande'7s* 288.00 250.00 Ch. Barde Haut'ol 80.00 59.90 Ch. Pichon Lalande'94* 199.*****.00 Ch. Beaumont'OO 68.00 45.00 Ch. Pontet Canet'ol 80.00203 words
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Article2657 2006-06-09 24 SGX XTRANET S2-M T*t Last Vol D«y Last Quote GrOrv Df* GrtM Net MCap MM* low Cod* Comply Sate (HOP) High Low «<iyor SoMr Cur W W ********** 6065 Diamonds US*****d 6095 IS DJ US Tech US3740 6097 IS MSCI Spore US555 6101 ISS4PS00 US8270 6170 SPURS US*****cd2,657 words
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Article3362 2006-06-09 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In US$ dy yr dy %yr dy Syr Jun7 lnd«» Change Change Change Change Change Change World Irntei Preliminary 976.0 0.1 0.7 0.2 -1.0 gp 3.9 > EAfE Preiminary 9693 -0.2 -0.4 -03 1.2 -05 6.1 Europe Prefcninafy3,362 words
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Advertisement1741 2006-06-09 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/SAV/NOL YOU YA VCW/lAX/MZL loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination DOMINATOR ADN/HDD/JDH/AQA Destination PAN DYNAMIC DBI/ABU/DOH/NRN/DMM/KWT STXPOTBN INC/BSN ASEAN PREMIER DBI/ABU/DOH/BRN/DMM/KWT BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Molaysia, Indonesia loads E.1,741 words
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Advertisement677 2006-06-09 26 vßsa/wr umn) I hbohtw m km ig m «t STRAITS VENTURE W/04 15 12 25/05 21/05 01/04 04/0* 06/0* stouts varuKio/w is 3.2 00/w 11/04 is/04 11/04 20/04 STRAITS VBITUREII/04 I IS I 12 22/04 25/04 21/04 02/07 04/07 i iii vßsa/vor iamppcd leGwnpi ia ism an m mm mt677 words
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Advertisement1313 2006-06-09 27 WAN HAI INTERNATIONAL PIE LID at NO; **********0/1 WAN HAI LINES l\v IIHII I IMI UllfcJ PIQ. 1H: (03) 3344 MS FAX: (03) *****2 M FBI 1H: (04) *****00 HUL (04)22*1W JOM m.(07) 251»»23 NUt (*****W1 SUI J* (031) 32*5475 HUL (031) 32*2714/12*1305 www waiiliai JD«:|B2I)S2S4I«MK|I2I)S2S47HfHI«:ntIM/n431l HUfcTliSn www.wwi.rew.lg BWL (041)1,313 words
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Advertisement1011 2006-06-09 27 X~g-\ EASTERN CAR LINER, LTD jf 1 SPECIALIZE IN RORO t HEAVY LIFT UPTO 450 TOWS |*T*A-ASASaVKI VOT Imp Ufttaf I LCB I JKT SIM I PGU I PKUN) KUW) PNN JKT j LCB SUB ITU OCEAN BLUE 162 50 06/06 M/ 04 mma —yi —to —m —TT7K m MERUON1,011 words
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Advertisement709 2006-06-09 27 aoass« WEEKLY EXPRESS SAILING SCHEDULE laSoaccepting to all northern and western icq points I vtssa I vot I sw 1 muMGlcQiaMO lit sheya 1 colomoo I IMM ACOEFTM FQTO COM* IUnCOIBN (VU CDUMMOIAMD MuT OOaI CM N SWVA) COWNKIM6 MOTHB VSU TP RMOK fUXSIOMI HAJMUtG) AND EAST COAST USA (NEW709 words
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Page 28 Advertisements
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Advertisement847 2006-06-09 28 i I* »Bi iiJ U:65-*****907F0e*****917 Nordono (Asio) Pt© Ltd hwt mhi—'&buia— nkm NORTH WEST EXPRESS LINE MONTHLY StRVICE TO WESTERN AUSTRALIA AND ISLANDS DATES AKE AKKIVAL DATES 1 VQT Shiaain I Ft—tk Cocw Iriaod I Qrbfos Ishnd I ftmiri hrtCofaaTl Ei nr»g lE6OS 12 jun 22 Jun 30 Jun 03847 words
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Advertisement661 2006-06-09 28 jjj™* l —fti: ywyn; 85 —jol/ot —ffa —?i*j ——W/W tumSi —mi ffl/ii mu»i ITm Vim wH wtmu tw biw vim AT m falF=qBF±=lF fgg=^^Ej|==||= ml. Iffra I jr [fa S Bff| ffi"" MM.. Iro I p I 11/u I rg VlSSti VOY sm ran kung cmttmong E^= ma ~w i661 words
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Advertisement404 2006-06-09 28 BSA x o MYANMA nm five star une (Mnmt Nctiml Um) Leodtef far Yasgos Vissa VOY SIN PKI PEN PGU CHMSHWENAW WW SU> PAGAN 349W Sl* IN MALAYSIA: IOUSTIAD SHIPPING AGINCIES KUI/PKL 03-300 St 3M PEN: 04-*****15 ACCEPTINB COBVEMTIOMAL C»0 VBSa VOY HK SM m MM MUM 3S SU> SU>404 words
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THE BUSINESS TIMES SHIPPING TIMES
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executive lifestyle
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Article, Illustration1460 2006-06-09 30 CHEAH UI-HOON - For a lot of businesses, World Cup action has already begun. CHEAH UI-HOON talks to the hotels gearing up for the event as Well as the companies that are set to gain from the soccer fans' dollar CHEAH UI-HOON 3j| T's that time of the year again 1 theREUTERS/ARTHUR LEE - 1,460 words
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Advertisement14 2006-06-09 30 BPI jIBSPm For the more Ha cerebral fans... pg34 HPW MRMN J5l EQOU 114 words
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COVER STORY/CINEMA
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Article, Illustration795 2006-06-09 31 CHEAH UI-HOON - By CHEAH UI-HOON SO you don't watch football, but you might as well resign yourself to the fact that the World Cup is about to dominate TV screens and the conversation at water coolers and coffeeshops for the next one month. You're most likely795 words
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Article, Illustration534 2006-06-09 31 PARVATHI NAYAR - What did the job in the mid-70s does not work 30 years on, says PARVATHI NAYAR PARVATHI NAYAR THE main achievement of the new remake of Richard Donner's 1976 hit, The Omen, is that it pretty much changes the film's genre from horror to comedy.534 words
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Article, Illustration550 2006-06-09 31 GEOFFREY EU - By GEOFFREY EU PIXAR, the animation company with a certain knack for making memorable films that appeal to our inner child (Finding Nemo. Toy Story. The Incredibles). goes for box office gold again with Cars, a story about a hotshot race car who takes an unjflanned detour550 words
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Article, Illustration300 2006-06-09 31 PARVATHI NAYAR - DVD By PARVATHI NAYAR IN Derailed, macho Clive Owen plays against type as the beleaguered Charles Schine, a Chicago ad executive. He has to cope with a very sick daughter Amy (Addison Timlin) whose third kidney transplant has failed. The ensuing debt, and the300 words
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Page 31 Advertisements
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Advertisement158 2006-06-09 31 photo editing as wall as for high rasolution 3-D modeling, pre-press editing. CAD design and gaming applications making it ideal for graphics professionals, computing enthusiasts and gamers. The contest is from 26th May 2006 to 16th June 2006 Employees of Dell", their immediate families, and employees of the advertising agencies158 words
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S'PORE ARTS FESTIVAL
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Article, Illustration517 2006-06-09 32 GRACE CHONG - Ong Keng Sen talks to GRACE CHONG about his multi-discipline extravaganza GRACE CHONG THE geisha of Japan are purveyors of dreams, creating a misty world of romance for the enjoyment and entertainment of men but who exactly are these women? Audiences will find out in517 words
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473 2006-06-09 32 SIM PING KHUAN, JURENA CHAN - Bv SIM PING KHUAN, JURENA CHAN IF YOU think that the Singapore Arts Festival is all about the promotion of inaccessible high culture or the preservation of our Asian traditions and heritage, think again. Dress up and let your hair down for473 words
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514 2006-06-09 32 SIM PING KHUAN - By SIM PING KHUAN "CULTURE should not be left in the museum it should be lived out today." says Richard Tan, the artistic director of Peranakan theatre group The Main Wayang Company. As Singaporeans today struggle to find their common thread of history and514 words
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Page 32 Advertisements
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Advertisement154 2006-06-09 32 Bk .M v 1' i ijflr b Wm 1 if M 2fcX.1 \'m J L/ R>-1L ■8 JlAfe W 1,. j F \*F V ?B I —s ■if ]fif SJ A «r\\ ■Bui/ j I JWHSIMWaCIa I B JT^_}'' m fTTTm I SMhI fA f K\ F I ImTtT 5154 words
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WINE/ART
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Article, Illustration919 2006-06-09 33 N K YONG - N K YONG tastes the 2004s and 2005s in Burgundy and finds out whether the former is indeed the plain sister to the latter N K YONG THIS is a preliminary report on 2005 and 2004 in Burgundy. 2005 is being praised to the skies, attracting labelsFILE PHOTO - 919 words
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Article, Illustration762 2006-06-09 33 PARVATHI NAYAR - By PARVATHI NAYAR ARTISTS whose practice consists of the creation of multiples photography, prints, metal casts pose a unique dilemma when they pass on. For the tools to make further multiples are still available such as the master printing plate or file, or the photo762 words
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Page 33 Advertisements
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Advertisement112 2006-06-09 33 I V < H| kinOAHHMW. I.RAND C*i: CXASSt A S.M.VT EMUJt W (.HAND OU' crrirrrrr© ■HEW cmAteai macdklaim: MOrHMMA t«— l— CIiATKU (iXZIN* C«Atsm> Tnutakov too 2 J Will liiiilii I. hnUßifakr I I l Saojt-Emiu«< I (MAT LAI LA(IRAVKaPOMKROI. 'Zj—J POMKWN. cmkm ,ax Ln Fioiß-Pfcnuis 1 I Mi»m I112 words
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Page 33 Miscellaneous
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Miscellaneous282 2006-06-09 33 CRYPTIC CROSSWORD ACROSS anC C^P O56l- (8) 5 It's quite essential to write l." nf V Latin (4.3.3) state (7) m 8 Conference held in air- 6 Are Pnmates allowed such men's mess (7) delicacies? (7) 10 Exaggerate one's prowess Rating s hair-style is absoat the rifle range, maybe lutely282 words
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BOOKS
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Article, Illustration909 2006-06-09 34 PARVATHI NAYAR - PARVATHI NAYAR picks some books that will help them stock up on World Cup literature PARVATHI NAYAR OKAY, so books aren't the first must-have accessory that comes ML to mind to get you in the mood jP|| for the World Cup. Look a bit Mjgm909 words
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Page 34 Advertisements
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Advertisement261 2006-06-09 34 Stay in control of your trading around the dock with our multilingual online platform. Opening a position is quick and easy, and //P\ M 1 O all our products are available through one trading account. \wsj vJ/U J I I O Go long or short of thousands of Singapore and261 words
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