The Business Times, 21 March 2007

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Total Pages: 31
1 32 The Business Times
  • 20 1 THE BUSINESS TIMES online at http://biisiness-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 202/12/2006 Wednesday, March 21,2007 SINGAPORE 85 cents
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  • 544 1  -  Singaporeans' share of private home purchases slips to 76%, the second lowest since 1995 By KALPANA RASHIWALA [SINGAPORE] The number of private homes bought by foreigners, including permanent residents, went up by 39 per cent last year to an all-time high of
    Source: URA Reals, DTZ Reasearch, March 2007  -  544 words
  • 811 1  -  But survey finds it pips 10 other global cities as best place for business By ANNA TEO [SINGAPORE] Singapore has scored poorly for technology IQ and innovation, intellectual capital, lifestyle assets and even financial clout in a new study of global
    Source: Cities of Opportunies: Business Readiness Indicators for the 21st Century  -  811 words
  • Page 1 Advertisements
    • 121 1 EXEC MONEY One analyst's view ontheSTl MOTORING Car loans with a twist PAGE 28 Luxury residential property prices in Singapore HHHHH versus those in London, New York, Shanghai and Hong Kong. A like-for-like comparison. The hottest deals this year Were they in suburban condos, offices, Reits or in property stocks?
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    • 11 1 COMMENTARY Why tax credit payouts may not benefit all PAGE 4
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    • 20 1 MEGAMBtGHt Barclays confirms talks to buy Dutch rival I^MB|ili||fl PAGE 3 m Illlllllil 8 "*****r *****4 Markets Digest Page 2
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  • TOP STORIES
    • 413 2  -  By GENEVIEVE CUA [SINGAPORE] Regulation should be less about rules and compliance, but should focus on bringing about "positive outcomes" for customers and businesses, said Shane Tregillis, Monetary Authority of Singapore deputy managing director (market conduct group). Speaking at the
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    • 892 2  -  It should do so before trying to create an East Asia-wide grouping By ANTHONY ROWLEY in Tokyo SINGAPORE Prime Minister Lee Hsien Loong yesterday urged Japan to conclude a free trade agreement with Asean before trying to create an East Asia-wide
      REUTERS  -  892 words
    • 490 2  -  By OUR CORRESPONDENT in Bangkok THAI police appear to be turning up the heat in their investigations into last year's purchase of Shin Corp by Temasek Holdings of Singapore and, at the same time, preparing charges alleging a uniquely Thai offence against
      490 words
    • 131 2 STI 3,116.88 (+3.49) ST INDEX FUTURES 3.113.00 (+3.00) siMsa 383.41 (+0.33) SIMSa FUTURES 384.60 (+1.30) MARKETS Tuesday Chang* KLCOMP 1,205.28 NIKKEI 225 17,163 JO +153.65 HANG SING HI356J0 +80.H SET INDEX 671.76 +2.63 JAKARTA COMP 1.775.42 -2.47 MANILA COMP 3.039J1 -2.07 SEOUL COMP 1,444.17 +0.7S SHENZHEN B 504.77
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    • 563 2 Barclays confirms it's in talks to buy ABN Amro BARCLAYS has confirmed that it is in exclusive talks with ABN Amro Holding about a possible takeover that could be the biggest in the financial services industry. The talks are at an "early and exploratory stage" and there can
      563 words
    • 667 3 A deal would create US$168b global financial group [LONDON] Barclays has confirmed that it is in exclusive talks with ABN Amro Holding about a possible takeover that could be the biggest in the financial services industry. The talks are at an
      AP  -  667 words
    • 703 3  -  The 325 units they bought in 2006 is 2.5 times that for 2005 By KALPANA RASHIWALA [SINGAPORE] Foreigners including permanent residents bought 325 private apartments/condos on the subsale market last year, a sharp rise from the 131 units they bought in 2005.
      Source: URA Reals, DTZ Reasearch, March 2007  -  703 words
  • Page 2 Advertisements
    • 141 2 Discover the potential of Indonesia with experts from RSM Citigroup: General Economic Outlook Update tor Emerging Markets Dr. Chua Hak Bin, Director, Asia Pacific Economic and Market Analysis, Citigroup Using Singapore ae a Base tor Inveetmenta In Emerging Markete Ms. Mak Oi Leng, Tax Director, RSM Chio Lim Indonesia The
      141 words
    • 32 2 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http: //business-times, asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
      32 words
    • 7 2 Clients wanted. (Only ewcellent companies need apply)
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  • Page 3 Advertisements
    • 140 3 T THE MOST AWARDED CAR IN AMERICAN AUTOMOTIVE HISTORY. i 'JBi/ «a w. v Myjj 4k I J 1 F If/ WrM f u Bold standard 18* chrome aluminium wheels Highly responsive handling makes for a smooth drive An interior of fine leather evokes o sense of pure indulgence Supplementary
      140 words

  • COMPANY NEWS
    • 845 4  -  HOCK LOCK SIEW By OH BOON PING IN recent weeks, a number of firms have announced bumper payouts to use their unused Section 44 tax credits, even as the year-end deadline for using them draws nearer. This came after a one-tier tax
      845 words
    • 210 4 BOUSTEAD will pocket $13.7 million from a sale of a long-term leasehold property in Singapore. The mainboard-listed company said yesterday it has completed the sale of its warehousing and logistics facility at 101 Alps Avenue to Airport Logistics Centre SGP Pte
      210 words
    • 397 4 KL bourse expects new trading system to be ready by 2008 THE long-promised trading link between the Singapore Exchange and Bursa Malaysia is now targeted to be introduced next year. Bursa chief executive Yusli Mohamed Yusoff said yesterday that he is keeping
      BLOOMBERG  -  397 words
    • 474 4  -  Group seeks to be a leader in solid waste treatment and management By CONRAD RAJ KEPPEL Corporation, which is already the world's largest builder of offshore rigs, is now trying to be one of the global leaders in solid waste treatment and management. Its
      474 words
    • 336 4  -  IPO WATCH By MATTHEW PHAN CHINESE fabric manufacturer Foreland Fabrictech Holdings is seeking a Singapore listing and has registered its preliminary prospectus with the Monetary Authority of Singapore. Foreland primarily manufactures and sells fabrics to manufacturers of sports, leisure and business apparel who
      336 words
    • 375 5  -  By AMIT ROY CHOUDHURY RAFFLES Education Corporation has raised about $56 million in net proceeds from a share placement, partly to finance its acquisition of Easycall International. The education group, in which share trading was halted in the afternoon session yesterday pending the announcement,
      375 words
    • 402 5  -  By JANICE HENG CHINA-BASED forestry plantation operator SinoForest Corporation saw net profit rise 54 per cent to U5542.5 million for its fourth quarter ended Dec 31, 2006. This brought full-year net profit to US$lll.5 million 36 per cent up from US$Bl.7 million
      402 words
    • 550 6  -  TELECOM WATCH Thai mobile firm's new revamp plan includes share swap with UCI By OUR CORRESPONDENT in Bangkok SINGAPORE-listed Total Access Communications (TAC), Thailand's second mobile phone operator, yesterday said it is going ahead with its plans for
      REUTERS  -  550 words
    • 118 6 Bloomberg MOBILEONE, the smallest of three mobile-phone companies in Singapore, paid chief executive officer Neil Montefiore between $1.25 million and $1.5 million in 2006, according to the company's annual report. Mr Montefiore, 54, was given 880,000 share options last year. In
      Bloomberg  -  118 words
    • 2863 6 UNIT TRUSTS FUNDS A8A/ner mama B USD 874/ OWS Hoar Want Faa4i ptc Fidefcy EonpaaifU* 1202/ Lantern Pram inc Goat 6GD> 0*» MM It041»ir mfltapPKiFd Sa.es 2 USD 0 9HV MM'.immKn'iA) O f***** ABAmer Income A EU* 04# WftMo«*GI>f«WCI *USO 09(04/ FidelityCOFwjirrtyUSD 1*7) UBJGftPioF* Scns3S® UMf SMSomV 0//*>*!' AgAme.incomeBfUR 057I
      2,863 words
    • 555 7  -  The company is banking on its salt-tolerant trees to drive growth By CHRISTINE SIM GUANGZHAO Industrial Forest Bio-technology Group said yesterday that it hopes to maintain its 25 per cent year-on-year rise in earnings. A driving factor is that research and development of salt-tolerant
      555 words
    • 530 7 UOL okays sales to directors' relatives UOL Group said it has approved the sale of seven units at One North Residences to relatives of directors and controlling shareholders. UOL's 30 per cent-owned associate. Vista Development, is the developer of the 405-unit condominium project at the one-north research hub
      530 words
    • 390 5  -  It will pay about $3.5m for a 36.2% stake in electronics distributor Bullwill By AMIT ROY CHOUDHURY SERIAL System, which distributes electrical and electronic components, will acquire a 36.2 per cent stake in a Taiwanese company, Bull Will Co Ltd (Bullwill), for about
      390 words
  • Page 4 Advertisements
    • 290 4 f A] HOUSING DEVELOPMENT kMD BOARD LAND FOR SALE LAND PARCELTAMPINES PIS I On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased to invite tenders for the sale of a land parcel atTampines Grande for office development on a 99-year lease. Lying in
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  • Page 5 Advertisements
    • 384 5 SINGAPORE'S MOST MODERN SPECIALIST CLINICS. As the center for Singapore's newest state-of-the-art specialist clinics, Novena Medical Center offers doctors a rare opportunity to own a medical suite with great supporting infrastructure. BE A PART OF SINGAPORE'S EXPANDING HEALTHCARE SECTOR As a regional medical hub, Singapore targets to attract 1 million
      384 words

  • Page 6 Advertisements
    • 37 6 Allianz Global Investors one of the world's largest asset managers with more than US$1.2 trilion assets under management as at 31 December 2006. REVIEW YOUR INVESTMENTS. MfclJ fcjij Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS
      37 words

  • Page 7 Advertisements
    • 854 7 FIRST SHIP LEASE TRUST First Ship Lease Trust ("FSL Trust") is a provider of leasing services on a bareboat charter basis to the international shipping industry, and owns Attractive and stable and invests in a portfolio of lease assets across various sub-sectors of this industry. distribution yields from a FSL
      854 words

  • SINGAPORE MARKETS
    • Article, Illustration
      918 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Doom Uwd! Up Down Undi Up Down Uwdi Multilnd 5 5 7 0 6 S 7 Manufacturing 85 64 15 8 17 100 55 81 Commerce 28 19 30 6 3 8 34 22 38 Tpt/Stor/Comms 17 10 13 10 2 18 10
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    • 925 8  -  CURRENCIES Round-number supports must hold for the greenback to make a comeback LARRY WEE Senior Correspondent AN ORDERLY return of risk appetite has seen the US dollar come under renewed selling pressure, even as carry trades resume in favour of highyielders and more
      925 words
    • Article, Illustration
      768 8  -  Compiled by CONRAD TAN Cosco Corporation March 20 dose: 552.88 DBS GROUP RESEARCH, March 20 COSCO has won its first jack-up contract from Remedial Cyprus, worth US$l24 million, for delivery in Q3 2008. This comes with an option for one more, expiring end--2007. We can expect more orders to
      Source: Bloomberg  -  768 words
    • 531 8  -  STOCKS R SIVANITHY Senior Correspondent STOCK markets are anticipatory, for-ward-looking creatures that react to changes in expectations of what the future might bring. Thus it was that Monday's 45-point rise in the Straits Times Index and generally broad-based rally in regional markets
      531 words

  • SINGAPORE NEWS
    • 396 9  -  By CHEN HUIFEN BRITISH pharmaceutical giant GlaxoSmithKline (GSK) is boosting its research efforts in Singapore through a new medicinal chemistry laboratory it opened yesterday. The $20 million lab at the Biopolis is an extension of GSK's Centre for Research in Cognitive and Neurodegenerative
      DOMINIC WONG/THE STRAITS TIMES  -  396 words
    • 383 9  -  By BENITA AW YEONG SINGAPORE must use more sustainable building methods and materials. Minister of State for National Development Grace Fu said yesterday. "The recent Indonesian ban on export of concreting sand and the disruption in granite supply serve as timely wake-up calls,"
      FILE PHOTO  -  383 words
    • 232 9  -  By JANICE HENG BUSINESSES that plan to cater more to families can now receive up to $20,000 to fund pro-family initiatives, thanks to the $2 million Pro-Family Business Grant established by the Ministry for Community Development. Youth and Sports. These details were released yesterday,
      232 words
    • 277 9  -  By TAMARA MOHANAN KUPPUSAMY SPRING Singapore yesterday launched a comprehensive programme to help the local food and beverage (F&B) industry. Under the "F&B Capability Development Programme" (CDP), Spring Singapore will set aside $12 million in the next three years to
      277 words
    • 560 10  -  Move expected to ease office space crunch By KALPANA RASHIWALA THE tight office supply situation may ease as a result of two 99-year leasehold sites being offered by the government a reserve list site on Anson Road, behind the Icon condo, and a
      560 words
    • 642 10  -  By SIOW LI SEN SOME HSBC customers are up in arms over the closure of their safe-deposit boxes in the bank's Ocean Building branch, while others are taken aback by the UKbased bank's doubling of its rental fees for their boxes from next
      642 words
    • 425 10  -  Reports by VINCENT WEE THE new Singapore Institute of Retail Studies (SIRS) will help the country in its plans to become one of the world's top three shopping destinations, Manpower Minister Ng Eng Hen said yesterday. "Our
      425 words
    • 990 10 RETRAINING RETAIL WORKFORCE THE professionalisation of the retail workforce is the aim of Singapore Institute of Retail Studies (SIRS) director Viswanath Seshamani. He would like to see people making retailing a career as opposed to just a job. Comparing the status
      990 words
    • 451 9  -  Luxembourg-based firm aims to capitalise on private banking By MATTHEW PHAN CLEARSTREAM, an international central securities depository, opened its Singapore office yesterday to capitalise on the booming private banking sector here, which the firm said is driving growth in international bond and equity transactions. Clearstream
      451 words
    • 534 10  -  Very preliminary projections target a million visitors a year By PARVATHI NAYAR THE visual arts scene in Singapore is set to receive a significant boost, thanks to a $200 million to $400 million project to convert the former Supreme Court
      ARTHUR LEE  -  534 words
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    • 27 9 Members of Th« SIM Croup UIISIM HI SIM 01 SIM www.relevonce2day.com fey I 1 1 fey I GLOBAL feLI I professional HU UNIVERSITY HUI education BWi development
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  • ECONOMY WATCH
    • 399 11 Major lenders announcing big staff layoffs LATWP, Reuters [LOS ANGELES] The shakeout in the subprime lending industry continued on Monday, with more people losing their jobs and with a prominent lender losing its name on a baseball stadium. Fremont General Corp of Santa
      LATWP,; Reuters  -  399 words
    • 679 11 Fukui plays down recent volatility in financial markets as healthy correction Reuters. Bloomberg [TOKYO] Japan's central bank will focus on economic and price moves in guiding monetary policy, but will also keep an eye on currency movements and recent rises in land
      Reuters.; Bloomberg; REUTERS  -  679 words
  • Page 11 Advertisements
    • 114 11 Fares shown are per person for a round-trip on Business Class. Promotion Period from 9th to 31st March 2007. Ticket must be issued within 7 days upon confirmation of booking or by 31st March 2007 whichever is earlier Travel Period is from Ist April to 30th September 2007. Tickets are
      114 words

  • MALAYSIA/INDONESIA
    • 468 12 Reuters [KUALA LUMPUR] Malaysia's third-largest builder by revenues, IJM Corp, plans to list two Indian units, starting from the end of 2007, as it looks to snare more projects overseas, a top company official said yesterday. IJM, about a fifth-owned by reclusive tycoon
      Reuters  -  468 words
    • 345 12 Reuters [KUALA LUMPUR] Malaysia's RHB Investment Bank plans to set up business in another Asian country as it looks at regional expansion for future growth amid rising competition at home, its chief executive said yesterday. "We have narrowed down the list of
      Reuters; BLOOMBERG  -  345 words
    • 484 12 Bloomberg [JAKARTA] Putera Sampoerna, an Indonesian billionaire, plans to sell shares in a palm oil company to the public this year to raise funds for expansion amid rising investor interest in the commodity, an executive said. PT Selapan Jaya, which will
      Bloomberg  -  484 words
    • 2021 12 vol «—Wd 1M ***** MegnePnmeBhd 122 0 04 46 toiauM 2.17 001 78 Ctm Gnmcam 101 005 3225 Megm Tech Indus 045 inch 0 AarhWBhd 1-23 OjM 4*4 M GemrngBhd 3930 175 1211 MagrwnOBhd unch unch 0 ftanhlllLMime 2-29 010 352 A»Mlto*y 1*8 0O3 7 c-orgalCarKM-e 060 0.04
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    • 471 12 It'll fail to lure more US investments if it misses deadline to sign trade deal AFP,Berna ma [KUALA LUMPUR] Malaysia will fail to woo crucial investment from the United States and bolster exports to its biggest trading partner without a bilateral free trade deal,
      AFP,Berna ma; FILE PHOTO  -  471 words
  • Page 12 Advertisements
    • 1142 12 i IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MMM INVESTMENTS PTE LTD. (Company Registration No: *****3051H) MEMBERS'VOUJNTARY LIQUIDATION At an Extraordinary General Meeting of the abovenamed Company held on the 19th day of March 2007 the following special resolution was duly passed: RESOLVED
      1,142 words

  • INDIA
    • 519 13 It also seeks to buy firms in S Asia in bid to fend off Vodafone challenge Bloomberg [NEW DELHI] Bharti Airtel Ltd, India's biggest wireless company, plans to sign up as many as 90 million users in three years and seeks
      Bloomberg; BLOOMBERG  -  519 words
    • 356 13 Tata Steel among a handful still given a negative or watch-negative outlook Bloomberg [MELBOURNE] Tata Steel Ltd, which is spending £6.2 billion (5518.5 billion) on an acquisition, and other steelmakers and miners in Asia may face pressure on their credit ratings
      Bloomberg  -  356 words
    • BRIEFLY ASIA
      • 49 13 Reuters [GUATEMALA CITY] China will stop stockpiling its massive foreign exchange reserves. China's central bank governor Zhou Xiaochuan said in an interview published yesterday. "Many people say that foreign exchange reserves in China are (already) large enough." Mr Zhou told Emerging Markets magazine.
        Reuters  -  49 words
      • 76 13 Reuters [KOLKATA] Train and bus services were disrupted in parts of rural east and central India yesterday as Maoist rebels joined protests over a policy of establishing industrial parks on farmlands. The rebels had called for a 24-hour strike in Jharkhand, Chhattisgarh, West
        Reuters  -  76 words
      • 73 13 AP [HONG KONG] The editor-in-chief at the South China Morning Post, Hong Kong's leading Englishlanguage newspaper, has resigned after a tumultuous year on the job. Mark Clifford will leave the paper on April 1 "to pursue another opportunity", the Post said on Monday in
        AP  -  73 words
      • 118 13 AFP [BEIJING] The Asian Tour added another golf tournament in China to its schedule yesterday, acknowledging the growth of professional golf in the booming nation. Beijing will host the Pine Valley Open next month, meaning the country is now home to five Asian Tour
        AFP  -  118 words
      • 84 13 Bloomberg [HONGKONG] Tom Group Ltd controlled by Hong Kong billionaire Li Ka-shing—said full-year profit fell 88 per cent. Net income for 2006 declined to HK$32 million (556.2 million), or 0.82 Hong Kong cents, from HKS26O million, or 6.67 Hong Kong cents, the Hong Kongbased
        Bloomberg  -  84 words
      • 54 13 Reuters [HONG KONG] China CITIC Bank —the country's No 7 commercial lender —plans to offer 60 per cent of its US$3 billion initial public offering (IPO) here, with the remaining 40 per cent on the Shanghai bourse, people familiar with
        Reuters  -  54 words
  • Page 13 Advertisements

  • GREATER CHINA
    • 328 14 AP [TAIPEI] Taiwan is considering abandoning its long-standing policy of recognising Mandarin Chinese as the island's only official language, the premier said yesterday, in a move that would likely anger China. Su Tseng-chang said the Cabinet is examining a draft for a
      AP  -  328 words
    • 526 14 It cites strong economic growth, low interest rates Bloomberg ASIAN business spending may rebound this year as economic growth and low interest rates spur spending, Lehman Brothers Inc said. A pick-up in investment may shield Asia's exportoriented economies from a slowdown in the US,
      Bloomberg  -  526 words
    • 374 14 Reuters [BEIJING] Agricultural Bank of China yesterday played down a report that a long-awaited plan to overhaul the bank will soon be ready and is likely to include a capital injection of US$25 billion to USS3O billion. The China Securities Journal said Central Huijin, the
      Reuters  -  374 words
    • 283 14 Bloomberg [BEIJING] China plans 1.5 trillion yuan (S$296 billion) in spending on its railways and trains from 2006 to 2010, including laying enough track to encircle almost three-fourths of the earth, the Ministry of Railways said. The country seeks to add 17,000 kilometres
      Bloomberg  -  283 words
    • 573 14 It bars use of stock sale proceeds as part of push to cool overheated bourses Bloomberg, AFP [BEIJING] China's securities regulator has barred publicly traded companies from using proceeds from their stock sales to speculate in shares, part of moves to damp overheating
      Bloomberg,; AFP  -  573 words
  • Page 14 Advertisements
    • 184 14 Club Card r0W»«^64i***** A WorIA of Exclusive Privileges Treats Diners Club wuno.Jmen.com.og International' ¥*rohiotion 8 I 1 B_ yy/jFLI culture cuisine satiates HH HHHHNH Chinese with Derive pleasure throueh fare such Kreglinger, Pipers Brook CATS Recruit as steamed 'Papin Fish' with bitter Answer a. gourd in black bean sauce or
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  • MIDDLE EAST
    • 230 15 Bloomberg [RIYADH] Kingdom Hotel Investments said full-year profit tripled after the upscale hotel chain controlled by Saudi Prince Alwaleed bin Talal expanded globally. Net income rose to US$42.8 million from US$12.3 million a year earlier, the Dubai-based company said yesterday in a statement distributed
      Bloomberg  -  230 words
    • 512 15 NYT had said it wanted Teheran to suspend uranium enrichment Reuters. AFP [MOSCOW] Russia on Tuesday denied a report that it would withhold nuclear fuel for Iran's first atomic power station unless Teheran suspended uranium enrichment. The New York Times reported on Monday that
      Reuters.; AFP  -  512 words
    • 435 15 Reuters [DUBAI] Dubai International Capital, a US$6 billion private equity firm owned by the ruler of the Gulf Arab emirate, said on Monday it has sold some of its shares in auto maker DaimlerChrysler to profit from higher share prices. "We have sold,"
      Reuters  -  435 words
    • 358 15 It paves way for IPO for the Arab world's largest exchange Reuters [RIYADH] Saudi Arabia on Monday approved the establishment of a stateowned company to run the Saudi bourse, paving the way for an initial public offering of the Arab world's largest
      Reuters; BLOOMBERG FILE PHOTO  -  358 words
    • 343 15 Reuters [AMMAN] Jordan will increase its stake in Arab Bank to prevent the Lebanese Hariri family dominating the bank after becoming its largest shareholder this month, officials and bankers said on Monday. They said the decision was taken last week by
      Reuters  -  343 words
  • Page 15 Advertisements
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    • 176 15 Get ready to benefit from the wealth of cost effective processing solutions! Exhibition Hours: 180 exhibiting companies from some 20 countries 29 31 March 2007 will bring you the most up-to-date and cutting-edge 10.00 am to 6.00pm technology on plastics and rubber. 1 April 2007 10.00 am to 5.00pm This
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  • ASIA-PACIFIC/WORLD
    • 346 16/17 LATEST US DATA Reuters [WASHINGTON] The pace of US home construction rose 9 per cent in February, beating analysts' predictions and running against dismal news in the subprime home financing sector. a government report showed yesterday. The report turned US stock futures
      Reuters  -  346 words
    • WORLDWATCH
      • 96 16/17 Reuters IHOUSTON] Investment banks Merrill Lynch and Credit Suisse Group won a huge victory when a US$40 billion class action lawsuit filed by F.nron Corp investors was blocked by a federal appeals panel in New Orleans on Monday. In a 53-page decision, the
        Reuters  -  96 words
      • 73 16/17 Reuters (SAN FRANCISCO] Yahoo Inc introduced on Monday a new Internet search system for mobile phone users that delivers locally relevant answers, a move that vaults it ahead of what rival Google Inc now offers. Starting in the US, with international markets to follow
        Reuters  -  73 words
      • 72 16/17 AP [SEOUL) Hynix Semiconductor of South Korea and Japan's Toshiba Corp yesterday declared an end to their legal battles, signing accords to share semiconductor patents and products. The companies have been embroiled in litigation in Japan and the US over NANI) flash memory chips, used
        AP  -  72 words
    • 186 16/17 Reuters [WASHINGTON] So you're a master of the universe. What's it worth to you to get an exclusive tete-a-tete with the monetary maestro himself, former Federal Reserve chairman Alan Greenspan? Lunch with Mr Greenspan and his wife, NBC correspondent Andrea Mitchell, is available to the
      Reuters  -  186 words
    • 528 16/17 Reuters [HONG KONG] Chi-Won Yoon likes to leave his office by 6pm 7pm at the latest. A banker with Swiss investment bank ÜBS, his day is far from over, what with conference calls with London and New York that
      Reuters  -  528 words
    • 291 16/17 AP (JUNEAU, Alaska! Perhaps you know that sinking feeling when a single keystroke accidentally destroys hours of work. Now imagine wiping out a disc drive containing an account worth USS3B billion. A computer technician at the Alaska Department of Revenue deleted applicant
      AP  -  291 words
    • 454 16/17 Success of LSE's AIM not due to the hassle of US regulation Bloomberg [LONDON] US markets should accept the success of the London Stock Exchange's Alternative Investment Market (AIM) and stop "navel-gazing based on the dubious premise that the US is 'the home
      Bloomberg  -  454 words
  • WORLD
    • 357 16/17 But CBOT's call for vote next month in favour of CME deal remains unchanged Reuters [CHICAGO] CBOT Holdings and Intercontinental Exchange (ICE) are moving quickly after a bold proposal last Thursday by the At-lanta-based energy derivatives mart to buy the Chicago
      Reuters; REUTERS  -  357 words
    • 298 16/17 Reuters (WASHINGTON) The chairman of a key US congressional committee on market oversight has proposed giving shareholders a symbolic "say-on-pay" vote on executive compensation. If directors choose to ignore the votes, then a push likely would follow to give
      Reuters  -  298 words
    • 505 16/17 AP (CINCINNATII The world's largest consumer products company, Procter Gamble Co. has won a jury award of U5519.25 million in a civil lawsuit against four former Amway distributors accused of spreading false rumours linking the company to Satanism. The US District
      AP  -  505 words
    • 476 16/17 Bloomberg. Reuters (NEW YORK! Goldman Sachs Group's senior management and board were sued by a shareholder claiming the company overpaid executives and misled investors about the value of stock options, the securities firm said. Jeffrey Bader alleges in the lawsuit filed with US District
      Bloomberg.; Reuters  -  476 words
    • 228 16/17 Reuters [NEW YORK] Bank of America Corp (BoA) chief executive Kenneth Lewis posted a U5591.58 million gain from the exercise of options and vesting of stock awards in 2006. in addition to obtaining a U5522.85 million compensation package, as the No 2
      Reuters  -  228 words
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  • AVIATION
    • 284 18 Sources say Dubai Aerospace and Carlyle nearing US$1.5b deal Reuters [NEW YORK] Dubai Aerospace Enterprise (DAE) is nearing a deal to buy a series of aviation businesses from US private equity firm Carlyle Group for more than USsl.s billion, a source
      Reuters  -  284 words
    • 321 18 Reuters [BRUSSELS] Britain has signalled to its European Union partners it will not block a landmark pact with the United States to open transatlantic flights to greater competition, diplomats said yesterday. They said London had indicated at an ambassadors' meeting on Monday
      Reuters  -  321 words
    • 173 18 Bloomberg [SYDNEY] Australia's Takeovers Panel said it will not oppose a Macquarie Bank-led buyout of Qantas Airways, the nation's largest airline. The buyout group agreed to provide more details on its A$ll.l billion (S$13.44 billion) bid to address concerns from the Australian and
      Bloomberg; AP  -  173 words
    • 423 18 AFP. Reuters [HONG KONG] Mainland flag carrier Air China yesterday posted an 11.7 per cent rise in 2006 net profit to 2.7 billion yuan (***** million) as increased passenger traffic offset the impact of higher jet fuel prices. Operating
      AFP.; Reuters; AFP  -  423 words
    • 201 18 Bloomberg [NEW DELHI] India's government will not allow new flights in New Delhi and Mumbai in a bid to ease congestion at the country's busiest airports. "Airlines won't be allowed to introduce new flights in the summer schedule, which
      Bloomberg  -  201 words
    • 322 18 AFP [DHAKA] A Kuwait-based company has joined Bangladesh's leading air cargo operator to launch the country's second private passenger airline, a company official said yesterday. Aqeeq Aviation Holding has bought a 49 per cent stake in Best Aviation Ltd and the two will jointly
      AFP  -  322 words
    • 929 18 OTY FUHT ITA WJBWT CT> AbvMuU SQ456 1300 m us m m Almiil»l»< ***** 0745 M m!;! Uffl ■iiipini lc958 0750 |jyg J j C #T "mm mm ~|an| euMfiu —mng-5555 {Hugo AC555? H45 AC535T "555? UA895 245 UA896 0555 lll~Stll <■■■■fc.ii. ***** 0630 Jbvs ~M
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  • Page 18 Miscellaneous
    • 292 18 CRYPTIC CROSSWORD 7 Discount accepted for a bad HL--JIIIH---JH-—flfl—Hl-—HB 8 Weapon that a dou- MB WKM ble-edged 10 A song about a subject a per- I I I I I I I I I son can't stand (8) —■■'■■I Low joints where members meet (6) 12 Wooden stick's about right
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  • SHIPPING
    • 468 19  -  By GEORGE JOSEPH [SINGAPORE] The Singapore Chamber of Maritime Arbitration (SCMA) made its boldest move to date by holding a seminar last week at the very heart of maritime arbitration traditions in London at the Baltic Exchange. Established here in November 2004,
      468 words
    • 780 19  -  STRAIT TALK By DAVID HUGHES WHEN the container ship MSC Napoli got into trouble in the English Channel back in January, there was, of course, massive media interest. Initially there were lives at risk, then there was the prospect, perhaps, of significant pollution
      780 words
    • 822 19  -  When it comes to paying for a navigational safety system, stakeholders stay coy DONALD URQUHART Correspondent I HAVE a very strong hunch that the shipping community not only wants their cake, but they want to eat it too. The issue of who
      822 words
    • 379 19 Sri Lanka is also set to build a US$450m harbour on the south coast The ADB Reuters [COLOMBO] The Asian Development Bank (ADB) said yesterday it would help fund the expansion of the island's main port in Colombo with a USS3OO million loan,
      The ADB; Reuters; BLOOMBERG  -  379 words
    • 291 19 SGX *000 Mar 20 SS W- Vol Ch Offshore .0.39 unch 221 Chuao Hup Hldgs 0.34 unch 967 Cosco Corp 337 0 03 8984 Cwt Limited .0.93 unch 375 Ezra Hldgs 5.05 0.13 693 Freight Links 0.08 unch 87 Grand Banks .0.98 0 05 11 Java Hold Ltd
      291 words
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  • EDITORIAL & OPINION
    • 508 20 EDITORIAL AUSTRALIA'S foray into the affairs of neighbouring islander nations does not seem to be going well. Australia has led a military mission in the Solomon Islands since 2003. It also has troops in Timor Leste and has briefly deployed troops to Tonga and
      508 words
    • 1429 20  -  Is America ready to face the rise of a new breed of first-class companies in Asia and elsewhere? LEON HADAR Washington Correspondent IN September 1981, Antoine van Agtmael, an economist with the International Finance Corporation (IFC), the private-sector arm of the World Bank, was
      PHOTOS: REUTERS  -  1,429 words
    • 739 20  -  THE BOTTOM LINE FRANK CHING SEVERAL weeks ago, Premier Wen Jiabao caused a stir when he wrote in the People's Daily that China would remain in the "primary stage of socialism" for 100 years and, during that time, must focus on economic construction.
      739 words
    • 1731 21  -  On Wall Street, as on Main Street, borrowers have had to beat the lenders away with a stick By JAMES GRANT The Washington Post THE top man at the US Treasury Department urged calm last week in the face of losses on Wall Street brought on
      The Washington Post; BLOOMBERG  -  1,731 words
    • 531 21  -  LETTERS TO THE EDITOR Mak Yuen Teen Director Corporate Governance and Financial Reporting Centre National University of Singapore THE report by Siow Li Sen on US and European boards seeking Asians (BT, March 19) shows the stark contrast between the mindset
      531 words
    • 239 21  -  Denis Distant APPLICANTS for excess rights shares in recent months have been disappointed to find they got a tiny fraction of the number applied for. Singapura Finance is the most recent example. I believe many hold the mistaken belief that the allocation of excess
      239 words


  • 11056 22 SGX MAINBOARD Transaction date: Mar 20 52 Wk Td Last Vol Day Last Quote Mv GrYtd Net MCap High Low Code Company Sale W- 000) High Low Buyer Sdter Cvr P/E $mi J 5 1 S716 1st Software 2 susp 81 115 6 3148 8Telecom 95 unch 186
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  • 5315 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy yr dy %yr Mar 19 Index Change Change Change Change Change Change The World Index Preliminary 1099.4 1.2 -0.1 J.1 -0.4 1.1 0.1 t EAFE Preliminary 1114.0 1.3 0.6 1.1 0.6 1.1 12
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  • Page 23 Advertisements
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  • Page 24 Advertisements
    • 881 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.EJS.EJL SERVICE DestinaHon Destination DD MASTER DBI/ABU/DOH/BRN/DMM/KWT /-M uv ti A W IKI/* /bqkj PAN BRIGHT DBI/ABU/DOH/BRN/DMM/KWT u WW lINWK>IN PAN DYNAMIC JDH/AQA/BJA VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT
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    • 176 25 BREAKBULK CONVENTIONAL SERVICE DIRECT SERVICE FROM S'PORE TO KARACHI [VESSEL I VOYAGE ETASMGAPOtE [TA KAHAOM IOIAN or substitute 1U 25.03.2007 05.04.2007 I TIN I TU 30.04.2007 10 05 2007 6~*+* SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Rood #17-07/08 Apex Towar, Singapore *****5 TaUphon*: 6270 0977 II FocsimiU: 6275 2309 T«bx:
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  • THE BUISNESS TIMES SHIPPING TIMES
    • 7190 26 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Mane Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 0104 04/05 Ddmas CMA CGM PUMA 715W *****344 01/04 05/05 Delmas CMA CGM PUMA 715W *****344 01/04 ***** Delmas CMA CGM PUMA 715W *****344 06/04
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  • Page 26 Advertisements
    • 532 26 KyKnMßfli I VESSEL VOY PKL SIN KARACHI DXB BAB DMM BIK KHOR 1 IRAN SATTARI PCI 8190 17/03 16/03 25/03 28/03 29/03 04/04 06/04 08/04 IRAN TABATABAII PCI 8191 22/03 23/03 31/03 04/03 05/04 11/04 13/04 15/04 IRAN BAABAtI PCL 8192 04/04 05/04 14/04 17/03 18/04 24/04 26/04 26/04 |vkse
      532 words
    • 433 26 PACUNDA l$H ***** SpSJ f%TAN Wm BSSB =sg==st==sl= ntum mm B?M M/BI fmwtjui WM H/H i7/w trtoht mm wro jSto— ~Wsan pL Iftn fjjfoi l|g^iyj^ -swh —m ITI T —9h- STnKiftt\\wnWi Iff Snagg --m— fivS ins mmm PIS H jl/H B/R H/H _J SMAAMNTANO 2SZ 2JZM SUM SKSfflftt.. B?m MM
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    • 281 26 fiait GLORY NAVIGATION GROUpI I( SINQ I*7o I OWNS A OPERATES THE YOUNGEST FLEET TWELVE 7,000 DWT TWEEN DECKERS I COVUUNO a I THE ENTIRE ASIA PACIFIC PORTS I a RtOUUUt WHKLY SHtVKZS: a IKAOHSIUNO A CHINESE PORTS, HONG KONG TO FROM I SOUTHEAST ASIA SMGAPOH :HUrWDOMSMrrM6(S)fna> 114 MHBONKMD,#03-01 SM6APOK
      281 words


  • MOTORING
    • 672 28  -  Flow forming will raise image and brand value of YHI rims, says company By SAMUEL EE YHI International will break the technological barrier and raise its image significantly when it becomes the first company outside Japan and Europe to use the high-tech flow forming
      672 words
    • 747 28  -  By SAMUEL EE IN the latest twist to the familiar cash rebate offered for each auto loan taken, DBS Bank has come up with a novel scheme where borrowers get a salary rebate and so far, it looks like it could be a
      747 words
  • Page 28 Advertisements
    • 32 28 i IcSZn I pHpl J *1 mt.i 1 w m 4 Singapore AN E-MARKETPLACE BROUGHT TO YOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL 1800-289 9988 (OFFICE HOURS). [•jATO Holdings
      32 words

  • EXECUTIVE MONEY
    • 1771 29 With growth gone wild and with unsustainable valuations, emerging markets are falling fast as hot money heads for the exits. Bloom berg HINA, India and Russia are losing their allure for stock investors because corporate profits are showing signs of flagging, even as
      Bloom berg  -  1,771 words
    • 851 30  -  Realised capital gains are a poor gauge of performance and don't make for good criteria for the drawing of returns from our foreign reserves MONEY MATTERS JOSEPH CHONG AS part of the process of drawing a larger percentage of returns from our foreign
      851 words
    • 749 30  -  CHET CURRIER Bloomberg WHO says market forecasters never get it right? As a new decade dawned after the soaring *****, many a sage warned that all classes of financial assets were heading into a prolonged era of low returns. And sure
      Bloomberg  -  749 words
    • 1052 31  -  Aberdeen's Hugh Young hasn't veered from his value approach as others bring out the bells and whistles. GENEVIEVE CUA finds out why GENEVIEVE CUA ASK Hugh Young what he is doing with the equities portfolios of Aberdeen Asset Management amid the current spike in volatility,
      FILE PHOTO  -  1,052 words
    • 1088 32  -  March's madness will give way to a bottom in June, and then it's up and away for the STI, David Bensimon tells GENEVIEVE CUA GENEVIEVE CUA HANG on to your seats. Markets could be in for more downside from here, says trader and analyst David Bensimon, whose prescient
      FILE PHOTO  -  1,088 words
  • Page 29 Advertisements
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  • Page 30 Advertisements
    • 821 30 ÜBS Absolute Return Plus offers you an innovative investment solution. To achieve potential positive returns in any market condition, turn to ÜBS Absolute Return Plus, winner of funds europe magazine's award for European Fund Launch of the Year 2006. Regardless of market ups and downs, ÜBS Absolute Return Plus also
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  • Page 31 Advertisements
    • 23 31 <* w v'w-.w-1;.-.<aiMM——^— Vi '-fw-a* P* S m W j&ll H I W jzUff-^f. saJ m K_ ■HBL k s. 'jMS&T '<'„•• ilife ,~"«4- .Mik
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    • 100 31 IOT nanyang UasS technological UNIVERSITY Nanyang Business School Nanyang Executive Programs At The Cutting-Edge Of Asian E&eutbia. Education i Interpretation and Analysis of Financial Statements and Reports fl2 -13 March /24- 25 September 2007 IBerkeley-Nanyang Advanced Management Program 5-16 March 2007 (Berkeley Segment, USA) 17 28 September 2007 (Nanyang Segment,
      100 words

  • Page 32 Advertisements
    • 119 32 VVT-i, direct fuel injection and 6-speed automatic transmission take from 0-100km/h in ■■rss.^ seconds the the button. And to ensure performance isn't phone Bluetooth® control for handsfree conversations. even more I pleasurable with intelligent conditioning that automatically senses intensity of sunlight. So extra cooling when temperatures rise. Your safety is
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    • 5 32 INVESTING The'same old thing'works PG3I
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