The Business Times, 26 June 2006
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2006-06-26
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The Business Times
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Title Section19 2006-06-26 1 THE BUSINESS TIMES online at http://business-times.asia 1 .com.sg MICA (P) 099/03/2006 SINGAPORE 85 cents Monday, June 26,2006 MNMMMHN MMMNMMNI19 words
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712 2006-06-26 1 DANIEL BUENAS - Deal aims to make Batam, Bintan, Karimun attractive to investors By DANIEL BUENAS in Batam IN WHAT has been described as the start of a "new phase of cooperation" between Singapore and Indonesia, the two countries have signed a framework agreement for economic cooperation712 words
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879 2006-06-26 1 CHEN HUIFEN - Singapore contract manufacturers supplement their traditional portfolios By CHEN HUIFEN [SINGAPORE] More contract manufacturers in Singapore are eyeing the medical devices outsourcing market, as stagnant or cyclical demand trends in their traditional product segments are prompting them to diversify their customer portfolios. Medical devices cover879 words
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Article138 2006-06-26 1 MARKETS Week Chge STI J343.03.. -30.88 KLSECOMP 906.34 +12.84 NIKKEI 225 *****.04 ....+244.70 HANG SENG .*****.81 -33.84 SET INDEX 659.52 -5.87 JAKARTA COMP ...1290.16 -19.37 MANILA COMP ....2113.17 -8.30 TAIPEI TAIEX 6452.31—-123.46 SEOUL COMP 1228.62 -33.57 SHENZHEN B 280.61 -2.04 AUSTALLORD 4925.80 -6.40 DOW JONES *****.09 -25.46 NASDAQ138 words
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Page 1 Advertisements
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Advertisement31 2006-06-26 1 NEWS ANALYSIS Fkst money driving market volatility to new highs PAGE 3 Other options Should companies continue to offer stock options or reward employees in other ways? CEOs offer their views31 words
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Advertisement24 2006-06-26 1 BizlT Govt better at e-services: Singaporeans PAGE 32 DINING OUT m Share your food r r/ jjb r F'jjM K&mm ■'<• I B S fl24 words
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TOP STORIES
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Article, Illustration707 2006-06-26 2 MICHELLE QUAH - Survey shows they want improved investor protection, transparency and governance By MICHELLE QUAH [SINGAPORE] The complex and rapidly-expanding world of hedge funds needs greater regulation and investor protection, says a new survey. And the need is perceived to be greatest in Asia. MembersSource: CEA Centre tor Financial Market integrity - 707 words
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Article380 2006-06-26 2 Fast money driving market volatility FAST money has been driving the stock market: Many on Wall Street are accusing hedge funds of bringing about panic selling, which have often been followed by bursts of buying that have given the major indices their largest single-day advances in more than380 words
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Article, Illustration721 2006-06-26 3 ANDREW MARKS - NEWS ANALYSIS Hedge fund activity may make stocks volatile for several weeks: analysts By ANDREW MARKS in New York STOCKS have been plummeting worldwide since May 10 from the fear of further tightening policies by central banks to head off inflation worries. In the US,BLOOMBERG - 721 words
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458 2006-06-26 3 WEE LI-EN - Steps being considered to boost confidence after David Rasif affair By WEE LI-EN [SINGAPORE] In response to the recent case of missing lawyer David Rasif, the Law Society council is looking into the possibility of independent parties holding clients' funds,458 words
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229 2006-06-26 3 Reuters AFP [HONG KONG] TPG-New-bridge will match rival Macquarie in a bidding war to buy core phone and media assets of Hong Kong's PCCW Ltd by offering China Netcom a bigger stake, a source familiar with the matter said on Saturday. Pacific Group and its AsianReuters; AFP - 229 words
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Page 2 Advertisements
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Advertisement385 2006-06-26 2 Deloitte. ar pl^" TRANSFER PRICING SEMINAR FOCUS ON SINGAPORE, CHINA AND INDIA Date July 7, Friday Time 9am to spm Venue Singapore Marriott Hotel Objective of the Seminar Transfer pricing has emerged as an increasingly significant tax issue in the Asia-Pacific region in recent years. With substantial tax adjustments and385 words
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Advertisement436 2006-06-26 2 people Black belts wanted. www.thepeopleatwork.com Asia-Pacific Executive Search CCH Tax Accounting Summit 2006 23-24 August 2006 Suntec Singapore International a Wolters Kluwer business Convention Exhibition Centre Tax Accounting Summit is designed specialty for regional Tax and Finance professionals across all industries. This two-day conference that combines a trade exhibition and436 words
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Page 3 Advertisements
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Advertisement39 2006-06-26 3 Wk Jm u. a 1 'j&-'*"-«p■ B?r> >: r?T- c^ t^J^T n IIIP3, ;fj m f*' ■■IHHHH JHH V Velocity@Novena Square 238 Thomson Road R* #03-09/10 Tel: 6733 7667 .Vv <r-4??h .f > y ;-v|j'pprs! Mn /'u ni/ I,t> Group www.tungk3k.com39 words
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Advertisement98 2006-06-26 3 KSJtI Determined to bring such a unique horotogical masterpiece wSV back.to We, Nicolas G. Hayek, CEO of Montres Breguet, recently Stv challenged the company's master watchmakers and craftsmen create exac He has furthermore decided to finance the restoration of a large part of Marie-Antoinette's domain, including the Petit Trianon. This98 words
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COMPANY NEWS
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Article, Illustration603 2006-06-26 4 MATTHEW PHAN - Hospitals, medical device makers will benefit from an ageing population By MATTHEW PHAN A PROSPEROUS but sick society means healthy profits. Healthcare companies, including those listed on the Singapore Exchange (SGX), are gaining favour in the eyes of foreign strategists and institutional investors asFILE PHOTO - 603 words
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1034 2006-06-26 4 TEH HOOI LING - HOCK LOCK SIEW By TEH HOOI LING A COMPARISON of five healthcare service providers traded on the Singapore Exchange based on size throws up some interesting observations. Among the five, Parkway Holdings is the biggest with a market capitalisation of about $1.7 billion.1,034 words
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Article, Illustration696 2006-06-26 7 KALPANA RASHIWALA - NEWS ANALYSIS Commercial, residential project may be way to extract best value By KALPANA RASHIWALA UOL Group's acquisition over the weekend of United Overseas Bank group's 54.5 per cent stake in listed Hotel Negara for $73.3 million and ensuing takeover offer sets the stage forFILE PHOTO - 696 words
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382 2006-06-26 7 Reuters REYOUNG Pharmaceutical Holdings hopes for another year of double-digit profit growth in 2006, thanks to booming demand in China for its antibiotics, sanitary napkins and baby diapers. China-based Reyoung's pharmaceutical segment accounted for about 78 per cent of total sales last year.Reuters - 382 words
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240 2006-06-26 7 Reuters [KUALA LUMPUR] Malaysia's largest lender, Malayan Banking Bhd, is in talks to forge a strategic alliance with Singapore broker Kim Eng Holdings Ltd, a Malaysian newspaper said on Saturday, quoting unnamed sources. Malaysian banks are looking at alliances with foreign brokers soReuters - 240 words
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Page 4 Advertisements
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Advertisement188 2006-06-26 4 APOLOGY I, Seet Yew Hwee (NRIC No. *****056 C), unreservedly apologise to the Entertainment Software Association ("ESA") and Nintendo Co., Ltd. and Nintendo of America Inc. ("Nintendo"), for having infringed mark and other relevant intellectual propertyJ rights in Nintendo's products, including games and games cartridges for the Nintendo Game Boy.188 words
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Page 5 Advertisements
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Advertisement1281 2006-06-26 5 Cag/taCommercial Trust (CwrtMrt fa tw tapuMc of feppai NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Capita Commercial Trust ("CCT") will be held at the DBS Auditorium, Level 3, 6 Shenton Way, DBS Tower 1, Singapore *****9 on 13 July 2006 at 4.001,281 words
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Advertisement1051 2006-06-26 5 CapftaMall Trust rn m+i NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Capita Mall Trust ("CMT") will be held at 168 Robinson Road, Capital Tower, Level 9, STI Auditorium, Singapore *****2 on 13 July 2006 at 1.00 p.m. for the purpose of considering1,051 words
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Page 6 Advertisements
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Advertisement222 2006-06-26 6 H I H p®. w 3H -m, o 4feSfeiM^^^B HftJOHII HhhHH HHBhKJHHHHV vHHHKLfHMHIH tm j^H H l|H If 111 'W&IsSM^&'MM" H> -i* H I I v I I If^^R BrSit «lt t*.' '<<-> *i i %'W *i wMw I^H V f h 9 Be V li^^B H uH|H S M222 words
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Page 7 Advertisements
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Advertisement101 2006-06-26 7 DISCOVER TWO OF THE WORLD S MOST FABULOUS DESTINATIONS. J v" ■pMjj From 19 July, fly with Singapore Airlines to Milan, the fashion capital of the world, and Barcelona, the city made from dreams. Step into Barcelona's enchanting wonderland of art and architecture or Milan's worldrenowned fashion culture. Whichever destination101 words
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SINGAPORE MARKETS
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Article, Illustration558 2006-06-26 8 CONRAD TAN - STOCKS CONRAD TAN Reporter JUDGING by how closely market movements here have mirrored those in the US recently, there will be nothing more important this week than the US Federal Open Market Committee (FOMC) meeting on Thursday. By now, Fed-watchers are fill558 words
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Article485 2006-06-26 8 PafMM El llltl Pay >»)■■! Ei lllb P»| W £09 dw <*» IcM W» dtm <w» j 111 IS-tat ma 10-M Nmii ®bt _j Mwdwm w 025 2W CM* KAMl f 115 QM 07 Ki '6 xi Aftwfcuri 0« IV*»1 »*r »Hn fakkaCap b 010 IW JW A/ntraMdgt485 words
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575 2006-06-26 8 CURRENCIES AFP [HONG KONG] Asian currencies ended last week lower against the US dollar on expectations of a further US rate hike when the Federal Reserve meets later this week. Japanese yen: The yen was weighed down by continued speculation about theAFP - 575 words
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373 2006-06-26 8 COMMODITIES AFP [LONDON] Most commodity prices stabilised last week following a major downward correction that was linked to global economic concerns, while oil futures jumped on supply concerns. Many raw materials had faced a brutal sell-off which began in the middle of May. UntilAFP - 373 words
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Article, Illustration431 2006-06-26 8 Source: Reuters OTHER SINGAPORE INDICES Jun 23 VALUE CLOSE BT OB/OS 280.00 -123.00 BT CADI -*****.00 +14.00 BT 10-day MA -*****.00 +28.00 All-SG Equities 607.61 -3.83 SG Equities Elect 97.31 -0.45 SG Equities Fin 1741.56 -6.22 SG Equities Prop 790.71 -8.99 SIMSCI 279.43 -2.11 SiMSCI Futures 279.10 -2.60431 words
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Article, Illustration1396 2006-06-26 9 TEH HOOI UNG - TEH HOOI UNG Senior Correspondent THE second tier of the market appeared to have stabilised, while bhie chips still struggled last week. The Straits Times Index slipped 1.3 per cent, its sixth week of decline in seven. Meanwhile, the UOB Sesdaq Index managed to inch up1,396 words
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Article, Illustration944 2006-06-26 9 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI A BULLISH trend has developed as the buying by directors and substantial shareholders has been high and sales extremely low in the past five weeks. Although the buying dipped a bit last week, a relatively high 26944 words
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Page 9 Advertisements
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VIEWS FROM THE TOP
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Article, Illustration3248 2006-06-26 10 THIS WEEK'S TOPIC Should companies continue to offer stock options? Are there more effective ways of rewarding employees? THERE is no universal answer to the questions. Stock options are just one of many ways to reward and motivate. The shareholders and board of each company have to workBLOOMBERG - 3,248 words
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Page 10 Advertisements
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Advertisement70 2006-06-26 10 BT CEOs •-Club Members of the BT CEOs e-Club are Singapore's top corporate leaders whom BT editors would like to interact with in an atmosphere of informality and trust This 'dub' is a virtual one; with interaction mainly via email. Each week, we will invite comments from these top executives70 words
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Page 11 Advertisements
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Advertisement135 2006-06-26 11 At ÜBS Wealth Management, we understand that success is the product of design, not destiny. So, with the wisdom and resources of a global network we craft an investment portfolio together. We meticulously customize your portfolio to meet your needs and aspirations, harnessing the most advanced products and services in135 words
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DINING OUT
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Article, Illustration1378 2006-06-26 12 NEW MENU Ristorante Bologna Marina Mandarin, 6 Raffles Boulevard, Marina Square. Tel: 6845 1000 1 UNLIKE recent stock market fluctuations, Italian restaurants appear destined to head in only one direction as far as their overall numbers are concerned up. Singapore can't seem1,378 words
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Page 12 Advertisements
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Advertisement1120 2006-06-26 12 v, 9 J> h- < 'J* J .\SOR/ SINGAPORE WINDSOR HOLDINGS LIMITED Company Registration No. *****5764Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2006 Annual General Meeting of the members of the Company will be held at 18 Cross Street Bth floor Marsh McLennan Centre Singapore1,120 words
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Advertisement234 2006-06-26 12 w i. -'J 'i 1 1 SAVOUR THE NEWEST CULINARY SENSATIONS j -THE FINEST FROM EAST AND WEST *i I ||i 91 igH Hi m F JIANG-NAN CHUN ONE-NINETY RESTAURANT £>yo>> <i y?ne dining experience in the elegant, contemporary Experience the new concept of shared dining enjoyable decor of this234 words
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SINGAPORE NEWS
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469 2006-06-26 13 CRYSTAL NEO - Move in line with MAS ruling on 2FA system for all Internet banking By CRYSTAL NEO HSBC is the latest bank to offer its personal banking customers a security device that helps boost security against Internet banking crime. It will be implementing a two-factor469 words
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318 2006-06-26 13 KALPANA RASHIWALA - By KALPANA RASHIWALA UOL Group and Low Keng Huat have sold more than 120 apartments at their Southbank development since the middle of last week, when they officially launched the project which sits on the former Eng Cheong Tower site. This means that318 words
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Article, Illustration219 2006-06-26 13 ARTHUR LEE - By ARTHUR LEE A SEAMLESS blend of East and West this is Kwek Leng Beng's vision of positioning hotels within the Millennium Copthorne Hotels group. In line with this, Orchard Hotel last Friday unveiled its newly-completed Signature Club floors to coincide with the completionARTHUR LEE - 219 words
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Page 13 Advertisements
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S'PORE ARTS FESTIVAL
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Article, Illustration458 2006-06-26 14 UMA SHANKARI - REVIEW: ROSAS RAIN By UMA SHANKARI ROSAS Rain has thrilled audiences worldwide since its premiere in 2001, and over the past weekend, the acclaimed Belgian dance troop was finally able to show Singaporean audiences why. For 70 minutes, they were treated to masterful choreography skilfully458 words
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558 2006-06-26 14 JURENA CHAN - REVIEW: CAMERATA SALZBURG By JURENA CHAN ON Friday evening, the Camerata Salzburg left the audience enthralled with its delicate treatment yet passionate delivery of the works of famous classical composers. Dressed in all-black concert wear, the Austrian chamber orchestra presented a programme of558 words
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Article, Illustration355 2006-06-26 14 NOOR AISHA - REVIEW: K@OSMOS By NOOR AISHA BEAUTIFUL, mystical notes cut through the cool night air at the open field next to Choa Chu Kang MRT Station on Saturday evening as Spanish group Puja! provided live music for their intriguing and gravity-defying performance K@osmos. The performance355 words
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Page 14 Advertisements
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Advertisement18 2006-06-26 14 2 bottles of red/white wine of yc choice Can 6M838 38 now to snbscfflo The Business Times Newsweek <18 words
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WORLD CUP 2006
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Article, Illustration927 2006-06-26 15 NAVEEN VERGHESE - By NAVEEN VERGHESE AN enticing match-up is in store tonight when Italy take on Australia in their second-round knockout clash. The Azzurri are on a high after eliminating a weakened Czech Republic in their final group match. What is heartening for the Italians hasAFP - 927 words
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Article, Illustration542 2006-06-26 15 AFP [STUTTGART] At least three of the Asian Football Confederation (AFC) sides at the World Cup are searching for new coaches, and the hunt is intensifying to find suitable replacements. The highest-profile casualty has been Iranian coach Branko Ivankovic, whose contract has not been renewedAFP - 542 words
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396 2006-06-26 15 Reuters [COLOGNE] A team that takes pride in its lack of big-name players will come up against a side seeking to end their reputation as a one-man-band when Switzerland take on Ukraine in the World Cup second round todayReuters - 396 words
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Page 15 Advertisements
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Advertisement386 2006-06-26 15 Organised by The Business Times and Philips* it brings together 32 executives who have teamed up to help raise funds for Food from the Heart Each executive has been assigned a team. And for every match the team plays, the executive will donate Sl.OOO. "Italy will lace its toughest fight386 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1033 2006-06-26 16 SWATI CHAUDHARY - SWATI CHAUDHARY talks to three professional bloggers to find out how they got started and what makes their websites stand out SWATI CHAUDHARY THIRTY-YEAR-OLD Indian blogger Amit Agarwal, whose blog Digital Inspiration boasts an average 32,000-35,000 visits daily from readers all over the world, earns an annual six-figure1,033 words
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Article, Illustration519 2006-06-26 16 BRYNA SIM - CAMPUS LIFE By BRYNA SIM WITH their spiky hair, all-black outfits and unfriendly expressions, Freddy Lim, Max Lim and Jason Wong look like rebellious street punks. They are into T-shirts with abstract motifs, cryptic slogans and bold colour splashes all seen as being angst-ridden and519 words
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Page 16 Advertisements
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Advertisement251 2006-06-26 16 Be smart with your finances FANCY becoming the next Warren BufTett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank T ertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we251 words
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ECONOMY WATCH
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441 2006-06-26 17 Market correction needed even if it risks dampening growth, they say Reuters [BASEL] The world economy, which has weathered sharp drops in asset prices well so far, could face a slowdown if market volatility continues, central bank chiefs from key developing nations saidReuters - 441 words
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356 2006-06-26 17 Bloomberg AFP [WASHINGTON] A bipartisan group of 57 US senators wrote to President George W Bush last Friday, telling him to reject any proposal in the World Trade Organization (WTO) that doesn't include steep cuts in agriculture tariffs in all nations. "AsBloomberg; AFP - 356 words
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242 2006-06-26 17 Bloomberg [TOKYO] Japanese Finance Minister Sadakazu Tanigaki said keeping interest rates near zero is important as mild deflation persists in the economy. Japan's economy "has been improving, but mild deflation still continues", Mr Tanigaki said yesterday on Asahi Television's Sunday Project programme. "Zero interestBloomberg - 242 words
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278 2006-06-26 17 AFP [WASHINGTON] The United States set up a new office on Friday to combat copyright piracy and appointed a senior lawyer to marshal enforcement of China's compliance with trade commitments. The moves underline Washington's concerns over the rising costs of intellectualAFP - 278 words
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Page 17 Advertisements
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Advertisement157 2006-06-26 17 IB SI MNhpl NMH /in n In ft #**1 I I Djf jl Ijj [V 1 81, I Mtf# H v i 'I IL 'l|»4vw% ;< ■tp-' 16 P' 1 I :^fpp' '•"'v ViijgykS''|. r-i 'ii f+j J Event Manager: Event Partners: Hole-in-One Sponsors: hi£.iaw HAACH AQtZUtO o motorola €3tMJffi157 words
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MALAYSIA/INDONESIA
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Article, Illustration592 2006-06-26 18 S JAYASANKARAN - MALAYSIA INSIGHT Dr Mahathir won't back off from his scathing attacks and Umno members are beginning to take sides S JAYASANKARAN KL Correspondent IT APPEARS that former Prime Minister Mahathir Mohamad isn't about to back off any time soon. On Saturday, the former premier592 words
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359 2006-06-26 18 SingTel and Reliance also in the race, says report AP AFP [KUALA LUMPUR] Maxis Communications. Malaysia's biggest cell phone company by subscriber numbers, is bidding for Sri Lanka's fifth mobile operator licence, a news report said yesterday. The Edge newspaper said the GSMIBOOAP; AFP - 359 words
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344 2006-06-26 18 Reuters [JAKARTA] Indonesia's third largest mobile phone operator, PT Excelcomindo Pratama (Excelcom), hopes to maintain the momentum of the first quarter, when it swung to a profit, through the year on growing demand. Rudiantara, a director for Excelcom, told Reuters on Friday that theReuters - 344 words
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Page 18 Advertisements
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Advertisement128 2006-06-26 18 U*****,000,000 \M H PT Davomas Abadi Tbk I i m I 'S Vf '^1 11 Guaranteed Senior Secured Notes due 2011 M IB^H Sole Bookrunner and Lead Manager Lehman Brothers „,-;^^H l Founded in 1990, PT Davomas Abadi Tbk is one of the leading i cocoa processors in Indonesia. Last128 words
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GREATER CHINA
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Article, Illustration643 2006-06-26 19 42.6% of bankers believe economy is overheating; 10.3% H1 growth forecast Reuters Bloomberg [BEIJING] China is still seeing high demand for bank loans due to redhot growth in fixed asset investment, which will keep the economy growing at a brisk pace, according toReuters; Bloomberg; REUTERS - 643 words
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682 2006-06-26 19 AFP [HONG KONG] With its heady mix of glamour, excess, jealousy and revenge, a courtroom tussle between a rich banker and her Latin dance instructor over his HK$l2O million (5524.7 million) fee has gripped the public imagination here. High-flying HSBC banker MimiAFP - 682 words
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250 2006-06-26 19 AFP [HONG KONG] Hong Kong lawmakers gave final approval on Friday to a controversial plan to build a new multi-billion dollar government headquarters on a prime harbourside site. The finance committee of the Legislative Council endorsed a proposal to fund the HK$5.2AFP - 250 words
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607 2006-06-26 19 Move said to be aimed at cooling huge investments AFP [BEIJING] China's Ministry of Land and Resources has ordered all provincial governments to immediately investigate at least three major illegal land schemes each in their provinces, it said in a report posted lastAFP - 607 words
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Page 19 Advertisements
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Advertisement205 2006-06-26 19 Diners Club Card ToappUcJi64i6o9So World of Exclusi va Privileges Treats Diners Club wtvuxJiners.com.sg I The Chinese have made an art form of simple fresh seafood by transforming them into extravagant dishes. Often described as a mini banquet in itself, the luxurious melting pot of Mini Buddha Jump over the Wall205 words
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Advertisement49 2006-06-26 19 IH I to open I IWWmore I I outlets I I in second half I I oftbeyear I I £js**i£f:*rigfe I I 1 I I TinaCCy avaiCa6Ce here! i TE-ARO-^ESTATE BAROSSA VALLEY Premium Shiraz Premium GSM Dry Grown Grenache Dry Grown Cabernet <^eFVti)n& 40 Holland Grove Rd. Tel: *****05349 words
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INDIA
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636 2006-06-26 20 Poor manpower quality also an issue but there is no cause for alarm yet AFP [BANGALORE] Soaring salaries and poor quality of manpower are prompting foreign firms to shut their outsourcing operations in India although there is no cause for alarm yet. officials andAFP - 636 words
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311 2006-06-26 20 Bloomberg Reuters [NEW DELHI] India's banks are striving to meet loan demand that's propelling the economy, which is growing at a pace that will "inevitably" fuel inflation, said Finance Minister P Chidambaram on Friday. The wholesale price index rose fasterBloomberg; Reuters - 311 words
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Article, Illustration312 2006-06-26 20 8-year 2.2t rupee project to link state capitals, big cities AP [NEW DELHI] India will develop 11,000 kilometres of new highways to connect state capitals and other important cities after it finished widening nearly 90 per cent of the national highways, aAP; AFP - 312 words
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258 2006-06-26 20 Reuters [MUMBAI] India's Tata Coffee Ltd yesterday said it had agreed to buy US-based Eight O'Clock Coffee Company for US$22O million from private equity firm Gryphon Investors. Tata Coffee shares surged and hit its daily limit of 20 per cent,Reuters - 258 words
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Page 20 Advertisements
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Advertisement2500 2006-06-26 20 :*at^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AJITRADE PTE LTD IN MEMBERS' VOLUNTARY LIQUIDATION Co. Regn. No. *****2323 C At an Extraordinary General Meeting of the Company convened and held at 10 Collyer Quay #19-08 Ocean Building Singapore *****5 on2,500 words
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Advertisement669 2006-06-26 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASIA PACIFIC LOGISTIC SERVICES PTE LTD (In Mwnbwi' Voluntary Liquidation) Rag No. *****1M5E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at S Clement) Loop Singapore *****6 on669 words
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ASIA-PACIFIC/WORLD
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Article, Illustration630 2006-06-26 21 Shareholders unhappy with Severstal's 'white knight' deal IHT AP [LUXEMBOURG] The world's two largest steel companies, Arcelor and Mittal Steel, agreed yesterday on a U5527.5 billion merger, ending five months of bitter resistance from one of Europe's biggest industrial champions against the rising might andIHT; AP - 630 words
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713 2006-06-26 21 ANDREW MARKS - WALL STREET INSIGHT A rate hike is already priced in and Q2 results are coming in, say analysts By ANDREW MARKS in New York AFTER all the volatility in recent weeks, US stock market investors will probably be happy to713 words
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667 2006-06-26 21 ByOUR BANGKOK CORRESPONDENT IN the face of one of the most sensitive moments in Thai political history, investors here have stayed sidelined, hoping that tomorrow's decision by the Office of the Attorney General would finally lead to a resolution of the nearly yearlong667 words
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297 2006-06-26 21 Bloomberg [NEW YORK] Swift, the Belgium-based banking cooperative that is helping the US government search for signs of terrorist activity, was accused in a lawsuit of violating the privacy rights of Americans. Swift, the Society for Worldwide Interbank Financial Telecommunications, isBloomberg - 297 words
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Article29 2006-06-26 21 Transaction date: Jun 23 For a full listing of the closing prices, log on to BT Online at http://business-times.asial .com.sg after 11.30pm every trading day Source: Reuters29 words
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AVIATION
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Article, Illustration492 2006-06-26 22 BA exec said to have sound out plans to increase fuel surcharges Reuters [LONDON] A tip-off by Virgin Atlantic Airways triggered an investigation into alleged airfare price-fixing by British Airways after it passed on information to Britain's Office of Fair Trading (OFT) about itsReuters; BLOOMBERG - 492 words
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Article419 2006-06-26 22 Reuters [PARIS] The crisis over delays to the long-awaited A3BO superjumbo could lead to an overhaul of the management structure at Airbus parent EADS, two sources familiar with the matter said on Friday. Under the latest scenario being discussed for the Franco-German-led aerospace group,Reuters - 419 words
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Article397 2006-06-26 22 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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502 2006-06-26 22 Reuters [WASHINGTON] A senior Republican lawmaker influential on transportation matters last Friday said that he wants Congress to prohibit US airports from spending federal funds on upgrades to accommodate the European-made superjumbo Airbus 380. "Until a US airline chooses to acquireReuters - 502 words
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120 2006-06-26 22 Reuters [SYDNEY] Up to 200 Singapore Airlines passengers and staff were quarantined at an airport in southern Australia yesterday after white powder was found on luggage. Authorities said 80 of the passengers were required to take showers at Adelaide airport in a "wetReuters - 120 words
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Page 22 Miscellaneous
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Miscellaneous195 2006-06-26 22 CRYPTIC CROSSWORD that's very peach (4-4) 7 Composing piece of music for YESTERDAY S SOLUTION particular words (7) Across: 1 Auction, 5 Macabre, 9 DOWN 14 Original choice crucial in rough Archaic, 10 Necklet, 11 Loose ends, 1 Page with original phrase, pos- sport (3-6) 12 Idaho, 13 Dread, 15195 words
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SHIPPING
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Article, Illustration915 2006-06-26 23 GEORGE JOSEPH - Private and public organisations need to engage each other to this end By GEORGE JOSEPH [SINGAPORE] A major issue in the future for the ports of the world, which have become more security and safety conscious nowadays, is how to secure the915 words
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117 2006-06-26 23 AFP [SEOUL] South Korea's Daewoo Shipbuilding and Marine Engineering yesterday said its shipyard in Romania had secured US$2BO million in new orders to build four container ships for two German clients. Daewoo Mangalia Heavy Industries would build two Panamax carriers for Gebab HoldingAFP - 117 words
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421 2006-06-26 23 Bloomberg [LONDON] Demand for suezmax-class tankers, which carry about a million barrels of crude oil, will increase amid changes in the flow of oil exports around the globe, shipbroker EA Gibson said. "The market for suezmax tankers could be greater than indicated byBloomberg - 421 words
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Advertisement44 2006-06-26 23 M m mmm W UI I V W A »A "IT M H m a 1 r m%* fIM sin 9*P° re AN E-MARKETPLACE BROUGHT TO YOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL 1800-189 9988 (OFFICE HOURS). .<► AT>l Xggk %w„ gs44 words
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Article3285 2006-06-26 24 STRAITS TIMES INDEX STOCKS Stack nam* Wt due Otang* Stock nam Wl Oom Cheap* Stock mm M Oaw OW|i Ailgre«n50c 030 1.770 -0.010 Hyflmfc 037 2.360 -QQ1Q STtngglOc 179 2720 -0020 Ascendant 101 1.900 Q030 JMHUS25c400 318 ***** -0.400 STATSChP25c 088 8W BlLlntlUUOc 0.41 1.340 J5H US5c 5003,285 words
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Article3224 2006-06-26 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local oht In SS In USS %dy *yr dy ttyr dy *yr Jun 23 Index Change Change Change Change Change Change The World Index Preliminary 963.2 0.0 -0.7 -03 -2.5 -0.2 15 t EAfE Preliminary 966.9 0.0 -0.6 -0.4 -0.3 -0.4 3.83,224 words
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Advertisement1844 2006-06-26 26 UK CONTINENT SERVICE U.3.A SERVICE Destination Destination GO PRIDE RDM/ATW/BMN/TIB/NAN SEAFRIEND CAM/NFK/SAV/NOL YOU YA VCW/lAX/MZL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia hippie-east service wjjl service Destination BEL ANNA DBI/ABU/DOH/BRN/DMM/KWT Destination ASEAN EXPRESS DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER1,844 words
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Advertisement677 2006-06-26 26 tWBMMIOWWBW ~1 vßsa/vor uSm trow m «h lo sw jkt STUnSVWTUtt 11/04 IS 22/04 25/06 2V04 02/07 04/07 snunsvoMiMt is 1.2 04/07 mi 13/07 u/07 11/07 IsWTSVBHUg 13/04 IS 12 20/07 2V07 27/07 02/01 04/ M VBSa/VOT MOWm" HBGHTWj to I W SYP WB~ AM m JET IS* I IX»677 words
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Advertisement1316 2006-06-26 27 WAN HAI MTRNATIONAL PVI LTD a NO; V- —"V m mmmmm (14 IMS) FAX: *****163 VAN WAN UAI I INK Gutwiwr Swvto/lookhgs Dk*d Ifaw (1800) *****200 I fVMiI MMI UllLj mniniiMiiiiiwbmnaswniwkMziutMNUbMßMMt V J0H11: (#7) *****23 NUt (*****11*21 901H; WD J*****S fAJt 1031) *****4/ *****05 --L-, Jfl W; (021) ***** M1,316 words
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Advertisement986 2006-06-26 27 |~jn EASTERN CAR LINER, LTD 1 WUB3' 1 SPECIALIZE IH ROUP HEAVY UfT UfTO 450 TONS 1 mitA-Mu swYig 1 vor 11-r I swi rcu pkmid mm rm jkt io mia sw nu MM "3 35 10 1770T a/06 21/04 01/07 51 HB IPT StWILTS STAJt 17 45 *0 "3Q/5T986 words
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Advertisement742 2006-06-26 27 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS VKSK I VOT I SIH MIANO tOUNMO N. SWVA COiOtUO tillycmnm mixw »juw Q*ut mut 2LIUI mill— WDHUUWDHI 01Q5W H JUL It JUL 23 JUL 26 JUL 30 JUL KM MMUVW AISO ACQPIWG TUTKOCM (13/7/06) t742 words
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Advertisement924 2006-06-26 28 ONordana (Asia) Pie Ltd NORTH WEST EXPRESS LINE MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ME ARRIVAL DATES VESKL VOY ft"!"'" 1 h—rth Cxwlshwl Qriit—slshd I SSESB» bhndbWfßa Z IMS— lsJun 22Jwi 2QJua 03iui IYuT 11 Jul Jstaiiuas \M 13J«I liM MM <**"■■ 13 to 14A* blond Expftss 1E607924 words
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Advertisement685 2006-06-26 28 m* lJSjj flfa ffik PACHNATN &St SEtR ML !gSB =^=Ss==Sl= arai wig h/H ii/B pumtm ww \mt ii/oy "7KTUHT mm ?$K $7B Bigs =il===st= m jr lf =^s 3&™—BSTS-i B6 rSC Iff'tt 1 «t.. 2E: |gjj} It IB Ig I ijj |jjj| voy sm rorr kumg oSttagoSc v Murt! Tim685 words
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Advertisement440 2006-06-26 28 CONVENTIONAL SERVE! CHENNAI/CHTG 03 JULY COLOMBO 05 JULY BOMBAY/DUBAI 11 JULY DAMMAN 11 JULY fjaj GLORY MVKATNM GROUPI I (sma H7O) I I OWNS A OPERATES THE YOUNGEST FIfET I WITH FOURTEEN 7,000 DWT TWEEN DECKERS covhuno a I THE ENTIRE ASIA PACIFIC PORTS I a UOUUUt WHKLY SBtVICES: a440 words
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THE BUSINESS TIMES SHIPPING TIMES
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Advertisement153 2006-06-26 30 SF 4| ML. Boost productivity and reduce 7HriSlexpenditure on costly overseas calls 1 Ir§ Sjif «|m'' |Mj|K Avaya Multi Vantage Express JM IL t pPfl j» l|djjM Bp i V 9 ;Jr '4®? f Introducing the AVAYA Multi Vantage Express, the all-in-one integrated communications solution for midsize businesses. All-in-one communications153 words
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Advertisement248 2006-06-26 30 m Q What should my company AM' look for in a document il /-Nn D HHH management system? \J (pffißi fa Ted Matsumoto The system should not only chief Diagnostics Advisor be easy to implement and Q. My company has such a high volume of correspondence that we're existing hardware.248 words
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BizIT
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Article, Illustration971 2006-06-26 30 AMIT ROY CHOUDHURY - Convergence gives non-traditional players a foothold in market: IBM exec By AMIT ROY CHOUDHURY TELECOM companies have to reinvent themselves to protect their market share as technological changes have made it easier for nontraditional players to increasingly encroach into what was once a971 words
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<what's new>
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Article, Illustration77 2006-06-26 30 SONY'S latest hand-held offering packs the full power of a desktop PC into a package that's no bigger than the size of your palm. The Vaio VGN-UXI7GP, one of the world's smallest computers runs on Microsoft's Windows XP operating system. Weighing just 517 grams, it has77 words
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Article88 2006-06-26 30 and flagship Blu-ray laptop SONY has also introduced the VAIO VGN-ARIBGP, claimed to be the world's first notebook to support Blu-ray Disc technology, a next-generation optical disc format. The new Sony laptop is powered by Intel's dual-core processor and comes equipped with a 160GB hard disk. It incorporates an Nvidia88 words
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Article70 2006-06-26 30 INFOCUS has launched its new range of "Work Big" 1N24 and 1N26 projectors. The 1N24 delivers SVGA resolution while the higher end 1N26 promises better graphics performance with XGA resolution. Both products weigh around 2.6 kg and boast of a 2,000:1 contrast ratio, 3,00070 words
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Article76 2006-06-26 30 PROLINK has taken the wraps off the WGH9SO, a signal booster which promises to extend a home user's wireless coverage by as much as 45 per cent. The device incorporates the latest MIMO (Multiple Input Multiple Output) networking technology and can be attached to an76 words
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Article106 2006-06-26 30 ASUS has introduced two new gaming laptops under the F3 brand name. The F3JM and the F3JA are both 15.4-inch notebooks supporting Intel's dual-core processor. For an enhanced gaming experience, the former sports an ATI Mobility Radeon xl600 graphics card with 512MB of memory, while the latter uses the Nvidia106 words
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Article77 2006-06-26 30 ACRONIS has updated its Snap Deploy 2.0 software with a host of features to make it easier for users to deploy and manage storage systems. It now offers 64-bit Windows support, and an enhancement to allow IT managers to implement a single software configuration across multiple systems at the same77 words
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Article, Illustration71 2006-06-26 30 WINSTON CHAI - Compiled by WINSTON CHAI CASIO has released the EX-270, a new 7.2-megapixel compact digital camera under its Exilim Zoom family. The new product features a user-friendly menu. It also incorporates an anti-shake feature as well as a "best shot" function which automatically adjusts camera settings according to the chosen preset71 words
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380 2006-06-26 30 KRITI SINGH - By KRITI SINGH SINGAPORE companies wanting to invest in India should now look at developing Indian cities and not just the established metros, India's top technology official said in a talk to business executives here last week. Indian Minister for Communications and IT Dayanidhi380 words
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Article, Illustration675 2006-06-26 31 KENNETH JAMES - <we say> Making the vision reality will involve more consultation, flexibility and a willingness to listen KENNETH JAMES Technology Editor WHAT is the colour of iN2015? For Lim Swee Cheang, director of the Institute of Systems Science, Singapore's newly launched 10-year infocomm masterplan is675 words
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396 2006-06-26 31 ROLAND LIM - By ROLAND LIM THE race to provide very high speed broadband continues to gather pace, with Sing Tel set to test a broadband upgrade capable of providing access speeds of up to 100 megabits per second (Mbps) over existing phone lines, four times faster396 words
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<what's up>
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61 2006-06-26 31 STMICROELECTRONICS has appointed Francois Guilbert as the corporate vice-president for its Asia-Pacific operations with effect from July 1. Based in Singapore, he is currently corporate VP and general manager for ST's emerging markets region. Thierry Tingaud, currently vice-president of ST's sales and marketing for telecommunication61 words
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127 2006-06-26 31 BRIDGE Mobile Alliance, a group made up of eight Asian operators include Sing Tel, has introduced three new services that will soon be available in the region. The first is the launch of a mobile portal http.//concierge. bridgemobile.com) for access to travel information on127 words
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27 2006-06-26 31 WINSTON CHAI - Compiled by WINSTON CHAI INTEGRATED circuit maker Silicon Laboratories has named Tan Chee Keong as its managing director for Asia.27 words
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Article, Illustration931 2006-06-26 32 AMIT ROY CHOUDHURY - Accenture report finds Singapore the only country in the world where this is so, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY IN a strong endorsement of the government's eservices initiatives, particularly the iGov2olo masterplan, a global report has found that Singapore is the only country931 words
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Advertisement113 2006-06-26 31 V- Total Protection for Enterprise Total Protection for Small Business Engineered to reduce the complexity of security management. Designed from the ground up for small businesses, McAfee* Total McAfee* Total Protection for Enterprise solutions provide proven Protection for Small Business solutions provide comprehensive security, protection in one integrated, centrally managed113 words
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Advertisement119 2006-06-26 32 Oracle Database 10g ft World's #1 Database Small Business IQRacle* I daT/UTasl STANDARD EDITION ONE Starts at US$l49 per user Oracle Database 10g— Easy to use. Easy to manage. oracle.com or call 1.800.672.2531 Terms, restrictions and limitations apply. Standard Edition One is available with Named User Plus licensing at US$l49119 words
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Advertisement10 2006-06-26 32 WE SAY Now the rubber hits the highway PAGE 3110 words
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