The Business Times, 17 April 2007

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Total Pages: 30
1 30 The Business Times
  • 20 1 The Business Times SINGAPORE 85 cents A SINGAPORE PRESS HOLDINGS PUBLICATION online at http://business-times.asial.com.sg MICA (P) 202/12/2006 Tuesday, April 17,2007
    20 words
  • 711 1  -  Government expects 25% rise in visitor numbers for 2010 when the two IRs open By ARTHUR SIM [SINGAPORE] The Singapore government appears to have been appeased by the withdrawal of Star Cruises from Genting International's Resorts World at Sentosa (RWS) consortium, with
    TERENCE TAN/THE STRAITS TIMES  -  711 words
  • 507 1  -  By SIOW LI SEN [SINGAPORE] The Monetary Authority of Singapore (MAS) weighed in last night on the conflict-of-interest issue arising from Singapore Exchange (SGX) chief executive Hsieh Fu Hua holding a stake in a company that competes with SGX. MAS,
    507 words
  • 137 1 sn 3/414.15 (+40.56) ST INDEX FUTURES 3,400.00 (+39.00) siMsa 420.28 (+5.21) SIMSCI FUTURES 419.50 (+6.30) MARKETS Monday Change KICOMP 1,322.91 +14.71 NIKKEI 225 17,628.30 +264.35 HANG SENG 20.757.53 +416.56 SET INDEX 692.46 -2.64 JAKARTA COMP 1,963.82 +22.67 MANILA COMP 3.267.86 +50.79 SEOUL COMP 1,532.04 +11.26 SHENZHEN B 554.91
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  • TOP STORIES
    • 586 2  -  Govt expects to decide by Q3, given rising inflation, worker pressure By JANE MOIR in Hong Kong HONG Kong's civil servants may be getting their first pay rise in more than five years, as rising inflation and mounting pressure from government
      586 words
    • 613 2  -  Weak currency seen boosting Japan's exports By ANTHONY ROWLEY in Tokyo MARKETS yesterday celebrated the outcome of last weekend's G-7 finance ministers' meeting in Washington by pushing the yen down to new lows and driving Tokyo stocks up,
      REUTERS  -  613 words
    • 662 2 SIA Building sold for over $525m: sources GERMAN pension fund manager SEB has been given an option to buy SIA Building on Robinson Road for just over $525 million or about $1,780 psf of net lettable area, sources say. The per square foot price is a new record
      662 words
    • 470 4  -  By GEORGE JOSEPH [SINGAPORE] As Singapore develops into a leading logistics hub in the Asia-Pacific, it could also be a "thought leader" in supply chain management for the region, said Minister of State for Trade Industry S Iswaran yesterday. With supply
      470 words
    • 454 4  -  Bidding process was spirited and competitive By VEN SREENIVASAN [SINGAPORE] After a closely watched and intensely fought contest that started in January, Singapore Airlines (SIA) has chosen advertising agency TBWA to manage its sought-after creative account. And the kebaya-clad Singapore Girl
      FILE PHOTO  -  454 words
    • 560 4  -  Price is 50% above what was paid for it 10 months ago by CLSA fund By KALPANA RASHIWALA [SINGAPORE] German pension fund manager SEB has been given an option to buy SIA Building at Robinson Road for just over $525 million or about
      FILE PHOTO  -  560 words
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    • 2438 4 TEXCHEM-PACK HOLDINGS (S) LTD. rcvrucu (Incorporated in the Republic of Singapore) ■EgP TtXCHcM (Reg. No. *****8296H) NOTICE OF THE FOURTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of the Company will be held at Mentus Mandarin Singapore Belvedere, 4th Floor Grand Tower 333 Orchard
      2,438 words

  • COMPANY NEWS
    • 1349 5  -  HOCK LOCK SIEW By SIOW LI SEN THE Singapore Exchange was in the news last week following a Dow Jones Newswires report suggesting that a company linked to SGX chief executive Hsieh Fu Hua was competing with the exchange for China listings. The report
      Photos: ST, AP, Bloomberg  -  1,349 words
    • 295 6  -  By KALPANA RASHIWALA K-REIT Asia posted distributable income of $4.3 million for the first three months of this year, 23.6 per cent higher than the proforma figure for the same period last year. The improvement was achieved on the back of higher occupancies
      FILE PHOTO  -  295 words
    • 394 6  -  Partners to buy land in Changzhou for US$106m for commercial project By OH BOON PING SUPER Coffeemix Manufacturing has formed a joint venture (JV) with popiah king Sam Goi and Peter Chang to undertake a commercial property development project in China. Under
      394 words
    • 492 6 IPO WATCH MACARTHURCOOK Industrial real estate investment trust (MacarthurCook Reit), which starts trading here on Thursday, is upbeat about expanding its portfolio, hoping to take advantage of Asia's growing industrial property market. The Reit, managed by Australia's MacarthurCook Ltd, has set a
      492 words
    • 405 6  -  Reports by OH BOON PING KEPPEL Corporation, the world's biggest offshore rig builder, said yesterday it has won a US$3O5 million order from Floatel International for a North Sea accommodation semi-sub-mersible for 440 people. However, the company said the deal is still subject
      405 words
    • 200 6 ASL Marine Holdings has won new contracts worth $116 million for the construction of six anchor handling towing/supply vessels (AHTS). These are integral vessels used to tow and anchor oil rig platforms, and provide other support services in the offshore oil and
      200 words
    • 413 6  -  Move comes soon after its plans to set up Islamic bank By WONG WEI KONG DBS Bank has joined several other banks to raise more than US$l billion for a fiveyear syndicated murabaha facility for Arcapita Bank of Bahrain. The development
      413 words
    • 446 7  -  AGM WATCH ROLAND LIM Correspondent Mediaring shareholders concerned company's communications service provider Pacific Internet (PacNet) will hopefully get a chance to have their queries answered at MediaRing's annual general meeting (AGM) today. Mediaßing is currently the second largest single shareholder of PacNet with
      446 words
    • 380 7  -  Chairman to look into pay proposal of $515,562.50 By JANICE HENG DIRECTORS' fees came up for comparison at Nat Steel Ltd's annual general meeting (AGM) yesterday. Shareholder Toh Peng Ting felt that half a million dollars was "a little too much" to pay Nat
      380 words
    • 377 7  -  By TETTYANA JASLI ONE of the questions that leading integrated food company Singapore Food Industries (SFI) had to contend with at its annual general meeting (AGM) yesterday was concerning the group's increased costs of its bank loans for the financial year
      377 words
    • 254 7 Special investigator appointed for probe AUTOMATED Touchstone Machines has appointed a special investigator to probe the affairs of thje company, on the instruction of the Singapore Exchange (SGX). The company said its audit committee had earlier reported to SGX "matters of serious concern" raised by its China subsidiary's
      254 words
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  • SINGAPORE MARKETS
    • 515 8  -  STOCKS Though blue chips gain, much of the action is in the penny and small-cap sectors TEH HOOI LING Senior Correspondent jpft ffi ORLD stock SV comments on nomic growth reportedly encouraging already-bullish investors to up their appetite for risk. In Singapore, the
      Source: Bloomberg  -  515 words
    • Article, Illustration
      948 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Down Uwdi Up Down Undi Up Down Umh Multi Ind 9 6 2 1 0 0 10 6 2 Manufacturing 111 48 62 34 6 14 145 54 76 Commerce 49 12 17 14 3 7 63 15 24 Tpt/Stor/Cogrms 32 6 4
      948 words
    • Article, Illustration
      934 8  -  Compiled by OH BOON PING Synear Food Holdings April 16 dose: $2 DMG PARTNERS, April 16 SYNEAR aims to dominate the Chinese dumpling market Annual production capacity will increase from 360,000 tonnes at end-2006 to 660,000 tonnes by end-2008 and 900.000 tonnes by 2010. The company will continue to
      Source: Bloomberg  -  934 words
    • 446 8 CURRENCIES [TOKYO] The euro jumped to a fresh all-time high against the yen in Asian trade yesterday after Group of Seven finance chiefs avoided specific mention of the sliding Japanese currency, dealers said. They said the European single currency also hit fresh two-year highs
      REUTERS  -  446 words

  • Page 9 Advertisements
    • 427 9 v 1-: r fLZ^'^- i"" J !Lr r 7 "^2 There's nothing like having a clear, reliable roadmap to get you where you want to go. And when it comes to roadmaps, no one's got a track record like IBM. IBM's award winning Power Architecture™ brought multi-core processors into the
      427 words

  • SINGAPORE NEWS
    • 434 10  -  By RONNIE LIM CONSTRUCTION of the estimated $700 million phase 1 of the Jurong Rock Cavern (JRC) will start in November, with the first two of five underground oil caverns expected to be operational by December 2010. This is the "tight
      434 words
    • 366 10  -  Asian bond markets urged to integrate clearing and settlement systems By WONG WEI KONG TRADING activity in interest rate swaps here once negligible is now several times bigger than that in the government bond market. In a speech at the
      366 words
    • 315 10  -  By PAMELA CHEW POLITICS, people and carbon markets. These are the pivotal elements that will drive Asia's attitude shift towards climate change, pollution and business opportunities in the region. Climate change has moved up the global agenda recently. And multinational corporations
      AFP  -  315 words
    • 271 10 PUMP prices yesterday jumped 10 cents a litre for petrol and diesel on higher global oil prices. Shell, the second largest chain here, was first to mark up prices at noon yesterday. It was followed by SPC at 3pm, ExxonMobil at 4pm and
      271 words
    • 179 10 THE Singapore Sports Council (SSC) yesterday unveiled a line-up of events from now until June to celebrate the National Stadium, which will be demolished to make way for the new Sports Hub. The events include a photography competition, free stadium tours and a President's Challenge
      179 words
    • 348 10  -  By CHRISTINE SIM THE first Asean Business Awards (ABA) was launched yesterday by the Asean Business Advisory Council (Asean-BAC). The awards, which aim to nurture greater economic integration within Asean, will be presented on Nov 18 in conjunction with the Asean Business and
      348 words
    • 540 10  -  By BENITA AW YEONG FORMER National Kidney Foundation (NKF) director Matilda Chua faced court yesterday on the first day of her trial on three criminal charges. With Chua were Seah Say Yoon, 69, who faces three charges, and his son, former
      FILE PHOTO  -  540 words
    • 258 10 Buyers snap up 90% of Casa Merah condo NTUC Choice Homes and Wing Tai have sold 90 per cent of the 450 units released so far at the 99-year leasehold Casa Merah condo since last Friday. The units were sold at prices ranging from $590 to $660 psf.
      258 words
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  • SME spotlight
    • 1269 11  -  Making money comes second for cord blood bank StemCord, reports CHEN HUIFEN CHEN HUIFEN growth, expansion and ambitious goals to reach that multi-million dollar milestone. But for StemCord, making money was merely a "by the way" phenomenon for the four
      ARTHUR LEE  -  1,269 words
    • 822 11  -  Kim Seng Heng is setting its sights on bigger projects, reports CHRISTINE SIM CHRISTINE SIM KIM SENG Heng Engineering Construction (KSH), which started as a steel fabrication sub-contractor in 1979 and eventually made engineering construction its core business, will continue to play on acquired strengths and
      JOHN HENG  -  822 words
    • 644 12 SMALL CAPS Producing mostly in Vietnam, the furniture maker has won new orders of US$7.1m at recent trade fairs, taking its order book to US$21m Reuters SINGAPORE'S Koda, which makes furniture for retailers such as Britain's Marks Spencer Group and Pottery Barn in the
      Reuters; FILE PHOTO  -  644 words
    • 424 12  -  By TEH HOOI LING INTEREST in the penny and small cap sector has reached almost fever pitch, with the UOB Sesdaq Index now only a whisker away from its all-time high of 203.6 points. Yesterday it closed at 200.8 points, up
      424 words
    • 848 13  -  From contemplating a bleak future just a decade ago to pondering a future IPO, water engineering firm Kah Sing has certainly come a long way. TAMARA MOHANAN KUPPUSAMY reports TAMARA MOHANAN KUPPUSAMY JUST 10 years ago, Alvin K Toh of Kah Sing Development Engineering
      ARTHUR LEE  -  848 words
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    • 187 11 "Good Time to Shop for Term Assurance Plan" SPH The Business Times, 11 April 2007 Annual premium for male non-smoker for $500,000 sum assured (20 year level term)* 35 Year 40 Year 45 Year Convertibility Old Old Old Aviva 832 1.318 2,169 No GE Life 865 1,365 2,325 No AXA
      187 words

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    • 1747 12 CATS NOTICES ISDNHoldings (Incorporated in the Republic of Singapore) (Company Registration No. *****6788Z) NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING ("EfiM") of ISDN Holdings Limited (the will be convened on 11 May 2007 at 105 Tampines Road, #06-06 Wing Tai Industrial Centre, Singapore *****7 at 10.00 am, for
      1,747 words
    • 345 12 IN THE MATTER OF THE COMPANIES ACT CAP. SO AND IN THE MATTER OF ROBERT YEW ft COMPANY PRIVATE LIMITED Co. Rtg. No. *****2507G NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (Paraaat to Section 290) At an extraordinary general meeting of the members of the above-named Company, duly convened
      345 words
    • 2 12 HOT IPO
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  • ECONOMY WATCH
    • 344 14 [LONDON] Thai Finance Minister Chalongphob Sussangkarn said in a newspaper interview that Thailand is going through chaotic times and efforts to boost the economy will fail to produce a "big spurt" in economic growth. "We are going through a great deal of chaos,"
      344 words
    • 547 14 Greenspan downplays earlier concern about possible recession [TOKYO/WASHINGTON] Former Federal Reserve chairman Alan Greenspan played down his earlier concern about a possible US recession, saying the world economy would provide a cushion, according to people attending a forum in Tokyo yesterday. Mr Greenspan said
      AFP  -  547 words
    • 284 14 Bloomberg [CANBERRA] A summit of 19 agricultural exporting nations known as the Cairns Group will urge the World Trade Organization this week to revive negotiations that stalled in July, Australian Trade Minister Warren Truss said. "The time available is ticking away, and the
      Bloomberg  -  284 words
    • 429 14 Beijing's tightening measures will restrain liquidity Reuters [SHANGHAI] China's credit growth will slow further as liquidity is restrained by the government's recent macroeconomic tightening measures, deputy central bank governor Wu Xiaoling was yesterday quoted as saying. The Shanghai Securities News quoted Ms Wu
      Reuters  -  429 words
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  • MALAYSIA
    • 472 15  -  Utility promises to return 40-60% of free cash flow to shareholders By S JAYASANKARAN in Kuala Lumpur STATE-OWNED power utility Tenaga Nasional may be the ultimate laggard on the Malaysian bourse. More than 20 brokerages, according to a Bloomberg poll, have called a
      472 words
    • BRIEFLY ASIA
      • 50 15 Bloomberg [NEW YORK] Essar Global Ltd said it agreed to acquire Algoma Steel Inc for C 51.85 billion (552.47 billion) in cash. Algoma investors will receive Css6 a share, a 48 per cent premium to the average stock price over a 20-day period.
        Bloomberg  -  50 words
      • 74 15 Reuters [SHANGHAI] China's securities regulator yesterday said it had approved an application by Bank of Communications for an initial public offer of shares in Shanghai, which could raise US$3.5 billion based on the bank's Hong Kong share price. BoCom has said it planned to
        Reuters  -  74 words
      • 36 15 Reuters [HONG KONG] The private banking arm of ABN AMRO has hired a team of seven private bankers, including four senior bankers, from rival Societe Generale here.
        Reuters  -  36 words
      • 42 15 Bloomberg [JAKARTA] Prabowo Subianto, the owner of Indonesian pulp maker PT Kiani Kertas, said he cancelled a plan to sell the company after his brother helped him repay debts, rejecting United Fiber System Ltd's purchase bid.
        Bloomberg  -  42 words
      • 41 15 Bloomberg [HONGKONG] Shun Tak Holdings Ltd said 2006 profit rose 82 per cent on transportation revenue and home sales. Net income was HK5663.9 million (Ssl 23.1 million), compared with HK5364.4 million a year earlier.
        Bloomberg  -  41 words
      • 54 15 AFP [KUALA LUMPUR] Malaysia yesterday said it is looking into a proposal to build a pipeline that will transport oil across the north of its peninsula, bypassing the piracy-prone Malacca Strait. Deputy Prime Minister Najib Razak confirmed the project, but said it was still only
        AFP  -  54 words
      • 56 15 Reuters [NEW DELHI] India's Oil and Natural Gas Corp is looking to raise up to 70 billion rupees (552.5 billion) over the next six months to fund the expansion of its Mangalore refinery. The project will raise the refinery's capacity to an annual
        Reuters  -  56 words
    • 2475 15 VOL Ay H KM ("000) AIM Realty .2.06 0.16 372 AbricBhd 0.35 0.02 274 Acp Industries 1.94 0.03 507 Advance Synergy .0.38 until 1007 AdventaBhd .0.99 0.03 439 Ae Multi Hldgs 0.3S -0.01 71 Affin Holdings 253 -0.02 2461 Ahmad ZakiResou .2.75 -0.01 18 Ak Corp .0.63 0.05
      2,475 words
    • 182 15 Bloomberg [KUALA LUMPUR] Maxis Communications Bhd, Malaysia's biggest mobilephone operator, plans to spend US$3 billion in the next five years to expand its network in India and counter slowing growth at home. The amount will help its Indian unit
      Bloomberg  -  182 words
    • 252 15 Reuters [KUALA LUMPUR] Malaysia kicked off a campaign yesterday to add nearly five million new voters to its electoral rolls by August, amid mounting speculation that the government could call an election by the end of the year. Abdul Rashid Abdul Rahman, chairman of Malaysia's Election
      Reuters  -  252 words
    • 110 15 Bloomberg [KUALA LUMPUR] Royal Dutch Shell pic, Europe's largest oil company, has agreed to buy the 44 petrol stations in Malaysia operated by ConocoPhillips, expanding its retail network in the country. Shell will buy the 44 Pro Jet stations and 14 vacant land sites in Kuala
      Bloomberg  -  110 words
    • 277 15 AP [KUALA LUMPUR] A 2.7metre granite statue of a Malaysian billionaire was unveiled in the casino resort that he founded, marking the tycoon's 90th birthday, a spokeswoman said yesterday. The statue of Lim Goh Tong was unveiled on Simday as he looked
      AP  -  277 words
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  • GREATER CHINA/INDIA
    • 303 16 Reuters [HONG KONG] China's third-big-gest lender, China Construction Bank Corp, posted a 23 per cent rise in second-half profit, a touch below expectations, boosted by higher fee income and better lending margins. Construction Bank, like its rivals, aims to expand its revenue base
      Reuters  -  303 words
    • 439 16 Firms must seek minimum US$1b or plan simultaneous mainland listing AFP [HONG KONG] Chinese regulators plan to limit the number of mainland companies listing their shares solely in Hong Kong in a bid to encourage enterprises to join Chinese bourses, a
      AFP; AP  -  439 words
    • 468 16  -  By TEH HOOI LING [SINGAPORE] NextVIEW Pte Ltd (NextVIEW). a Singapore based Pan-Asian financial information vendor, yesterday announced two deals which further enhanced its offerings and strengthened its network in the emerging markets in Asia. The company said it has entered into
      468 words
    • 167 16 Reuters [HONG KONG] Top Chinese contract chip maker Semiconductor Manufacturing International Corp (SMIC), which has been courting strategic investors, has attracted interest from several US buyout funds, the South China Morning Post reported yesterday, citing unnamed sources. Private equity firms including Kohlberg Kravis
      Reuters  -  167 words
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  • MIDDLE EAST
    • 197 17 Reuters [RIYADH] Saudi Arabia said on Sunday it had shortlisted groups led by Verizon Communications, Hong Kong's PCCW and Bahrain Telecommunications Co for the country's second fixed-line telephone licence. Ten groups had submitted applications in March for the licence, which -will end the fixed-line
      Reuters  -  197 words
    • 614 17 Slowest rate of growth in 2 years; revenue falls 30% compared with Q4 Reuters [DUBAI] Dubai-based Emaar Properties, the largest Arab real estate developer by market value, reported its slowest rate of profit growth in the first quarter in at
      Reuters  -  614 words
    • 6721 17 UNIT TRUSTS FUNDS AMI Amro Asset Mgt (S'pore) Star Europe Eqty'**.... 1101/ St* Europe Bond 1.181/ Star Europe Bal 1.255/ Star Asian Tiger Eqry 1 376/ Star Asia Bond 1317/ Star Asia Balanced 1116/ Star Global Technology fund'" 0214/ MultiStFd... 0.979/ Star As*d BondflfSO) 0.868/ GfcMuhiStUSD— 1 16V Asia Bond
      6,721 words
  • Page 17 Advertisements
    • 83 17 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. FOR US, IT'S THE SILVERWARE IN YOUR POCKET THAT MATTERS MOST. iBRSfIF A* a winner of the Standard Poor's 2007 Singapore Fund Awards, we are naturally JIS
      83 words

  • ASIA-PACIFIC/WORLD
    • 651 18 ABN is concerned about the lack of details from the rival consortium Reuters, AP [LONDON] Dutch bank ABN Amro does not plan to open its books to a trio of its European rivals who may gate-crash ABN's US$B5-billion-plus takeover talks with
      Reuters,; AP; REUTERS  -  651 words
    • 408 18 Bloomberg. Reuters [SYDNEY] Australian gaming company Tattersall's will pay Ass3o million (Ss67o million) for the Queensland government's lottery business, giving it a monopoly in three of the nation's six states. Tattersall's said the acquisition of Golden Casket Lottery Corp was a good operational fit
      Bloomberg.; Reuters; BLOOMBERG  -  408 words
    • 439 18 Reuters [NEW YORK] Citigroup said yesterday that first-quarter profit fell 11 per cent, hurt by a charge to eliminate 17,000 jobs and slash costs. Profit excluding items nevertheless topped analysts' forecasts at the largest US bank, helped by surging trading gains, which included
      Reuters  -  439 words
    • 550 18  -  By NEIL BEHRMANN in London ASIAN spending on advertisements is expected to grow by 20 per cent in the next three years, with the Internet set to overtake radio to become the world's fourth-largest advertising medium, a new survey
      550 words
    • 391 18 LATEST US DATA Reuters [WASHINGTON] US retail sales rose slightly more than expected in March and far more than earlier reported in February while manufacturing in the New York region was weaker than expected after hitting a two-month low, reports out
      Reuters  -  391 words
  • Page 18 Advertisements
    • 1048 18 MEDI-FLEX MEDI-FLEX LIMITED Company Registration No: *****2754H (Incorporated in Singapore) NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of MEDI-FLEX LIMITED will be held at Furama City Centre Singapore, Canton 1, Level 4, 60 Eu Tong Sen Street, Singapore *****4 on Monday, 30 April 2007 at 4.00 p.m. for
      1,048 words

  • WORLD
    • 496 19 JP Morgan Chase, Bank of America and 2 private equity firms are the buyers [NEW YORK] Sallie Mae agreed yesterday to be sold to JP Morgan Chase and Bank of America as well as two private equity firms for US$25 billion. The
      496 words
    • 745 19 But Wolfowitz vows to stay on as chief amid scandal AP WASHINGTON Paul Wolfowitz's struggle to remain as president of the World Bank was dealt a crippling setback on Sunday when its most powerful oversight committee delivered an unusually public rebuke of his leadership, expressing
      AP  -  745 words
    • 291 19 NYT [NEW YORK] The two private equity firms seeking to buy Clear Channel Communications have sweetened their offer, fearing that their initial bid may be rejected by shareholders. In a letter to Clear Channel's board, Bain Capital and Thomas H Lee Partners have
      NYT  -  291 words
    • 382 19 AP [AMSTERDAM] The New York Stock Exchange's US$l4 billion takeover of Euronext was widely billed as creating the world's first trans-Atlantic stock exchange, but investors should not expect to actually engage in any trans-Atlantic trading via NYSE Euronext for years, company
      AP  -  382 words
    • 48 19 [BASEL] These surreal images are created as visitors walk past a Versace showcase (left) and a Dior showcase at the Baselworld watch and jewellery exhibition in Basel. The show, which ends on April 19, has attracted 2,100 exhibitors from across the globe. PHOTOS: REUTERS
      PHOTOS: REUTERS  -  48 words
    • 293 19 It says purchase raises anti-trust, privacy concerns LAT-WP [WASHINGTON] Microsoft said on Sunday that Google's proposed purchase of Internet advertising company Doubleclick raises anti-trust and privacy concerns that deserve careful review by the authorities. Executives at the software giant said they talked over the
      LAT-WP  -  293 words

  • AVIATION
    • 578 20 Proceeds will be used to fund merger with Sahara and buy new planes Bloomberg [NEW DELHI] Jet Airways (India) Ltd, which agreed this month to buy rival Sahara Airlines Ltd. plans to sell as much as US$4OO million of stock in the
      Bloomberg; AP  -  578 words
    • 250 20  -  By VEN SREENIVASAN [SINGAPORE] Singapore Airlines (SIA) filled 82.4 per cent of its seats in March as demand for air travel remained buoyant. The airline enjoyed 9.8 per cent year-on-year growth in system-wide passenger carriage, measured as revenue passenger kilometres or the number of
      250 words
    • 2371 20 CITY FLIGHT ETA FLIGHT FTP Adelaide LH9771 1750 AF8088 2230 SQ268 1750 BA7382 2230 AF8087 1820 OF82 2230 BA7381 1820 LH9770 2345 QF81 1820 SO269 2345 S0530 1930 Amsterdam L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 A***** 1555 L***** 2345 KL837 1555 SQ324 2345 Mmm
      2,371 words
    • 333 20 Bloomberg Reuters [FRANKFURT] Deutsche Lufthansa AG, Europe's second-largest airline, is not in a position to buy Iberia lineas Aereas de Espana SA because the Spanish carrier's price is too high, chief executive officer Wolfgang Mayrhuber said. "Since the price has
      Bloomberg; Reuters  -  333 words
    • 356 20 Bloomberg [DUBAI] Jazeera Airways, a Kuwait-based low-cost carrier, will spend as much as US$7OO million buying planes from Boeing Co or Airbus SAS to expand the number of destinations it flies to. "We are in discussion right now and on the verge of going
      Bloomberg  -  356 words
    • 201 20 Reuters [NEW DELHI] Passengers on a British Airways flight from New Delhi to London faced a 13-hour delay as the pilot felt he was too sleepy after a noisy night in a New Delhi hotel, newspapers reported yesterday. Angry passengers were offloaded
      Reuters  -  201 words
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    • 127 20 BT/ZUJI Deals of the Week BUSINESS CLASS (from S) ECONOMY CLASS (from S) HOTEL (from S) Hanoi j $538 $200 $29 Vietnam Airlines Vietnam Airlines DESTINATIONS BUSINESS QASS (from S) ECONOMY CLASS (from S) HOTEL (from S) WEAKER Jakarta $323 (Ptiiippine Airlines) $155 (Garuda) $58 Xiamen $I,o4o(XJamsnAirfae) $3680*™*** 4* R*
      127 words
  • Page 20 Miscellaneous
    • 177 20 CRYPTIC CROSSWORD c ar r«t,r mm.rir in worthless article (8) YESTERDAY'S SOLUTION deep confusion (8) 14 Li^ n,y one upset Lancelot Across: 1 Slave-driver, 10 Hopes, o rwnitp havina wobblv Qdit 11 D6rn63nour, 12 Politicdl, 13 lbentice to go round for ban- 15 Retired title of Susan holding sen 14
      177 words

  • SHIPPING
    • 614 21  -  It officially opens its logistics division's regional HQ in S'pore By GEORGE JOSEPH [SINGAPORE] DHL's logistics division will use its Singapore base to further develop its healthcare and life sciences and aerospace sectors, two areas which it sees chalking up attractive
      ARTHUR LEE  -  614 words
    • 278 21 Bloomberg [BEIJING] The queue of ships waiting to load at Newcastle, Australia's largest coal-export port, lengthened to a record as freight rates for shipping the fuel rose to the highest in more than two years. The numbers of ships waiting to load
      Bloomberg  -  278 words
    • 469 21 Bloomberg [HONG KONG] Dalian Port (PDA) Co, operator of China's largest crude-oil terminal, raised its second-half profit 45 per cent as the country's economic growth boosted demand for energy and container shipments. Net income for the six months ended Dec
      Bloomberg; FILE PHOTO  -  469 words
    • 153 21 Reuters [SINGAPORE] Marine fuel sales in Singapore, the world's largest bunkering port, fell 3.8 per cent to 2.57 million tonnes last month, down from the record highs in February, government data showed yesterday. Higher prices in March led to the lower sales volumes,
      Reuters  -  153 words
    • 388 21 Reuters [LONDON] A survivor of a Norwegian tugboat which capsized near an oil rig, killing at least three people, described on Sunday the moment he realised something was "definitely going to go wrong". "The boat began to tilt left and then back to
      Reuters  -  388 words
    • 269 21  -  By ALEC ALMAZAN in Manila THE Philippines is awarding a 30-year contract to operate Subic Bay Freeport's soon-to-be-finished Container Terminal 1 under a Swiss-challenge bidding system. The Subic Bay Metropolitan Authority, the agency administering the former US naval base, recently issued the terms
      269 words
    • 355 21 Bloomberg LONDON] The cost of transporting Middle East crude to Asia on supertankers, which fell for the past three weeks, may be little changed as owners decline to lease out their carriers at unprofitable rates. Shipowners, including Frontline Ltd, the world's biggest
      Bloomberg  -  355 words
    • 280 21 SCX '000 Apr 16 St Vol Ch Offshore .0.46 0.01 2752 Chuan Hup HkJgs 0.34 unch 3506 CoicoCorp 2X1 -0.06 #715 Cwt Limited US 0.05 1475 Eaa Hldgs .5.75 unch 428 Freight Unks .0.11 0.01 ***** Grand Banks 1.05 -0.01 74 Jaya Hold Ltd... 1.44 -0.01 168 K1
      280 words
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  • EDITORIAL & OPINION
    • 513 22 EDITORIAL SYMBOLISM mattered as much as substance when Chinese Premier Wen Jiabao came to Japan last week intent upon thawing the ice which has frozen the two countries into a mutually antagonistic posture for at least five years. Rather than viewing Chinese leaders with
      513 words
    • 1048 22  -  Many top earners would willingly pay higher taxes for public services that promise high value. Yet trickle-down theories continue to stand in the way By ROBERT H FRANK NYT HEN asked why he V m robbed banks, m Willie Sutton M m m famously
      NYT; REUTERS  -  1,048 words
    • 804 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent WORLD Bank president Paul Wolfowitz was scheduled to spend this week welcoming economic officials from all around the world to the bank's spring meetings in Washington. Instead, he has been engaged in an intense campaign aimed at
      804 words
    • 882 23  -  As stock prices soar, China's currency is defying global conventional wisdom that it's undervalued WILLIAM PESEK JR Bloomberg Economists don't like to admit to being stunned by anything, even in unpredictable Asia. Last week, ÜBS AG's Jonathan Anderson couldn't seem to help himself. The cause
      Bloomberg; AP  -  882 words
    • 284 23  -  LETTERS TO THE EDITOR Ang Hao Yao Singapore I REFER to the letter by Philip Smith, "Changes needed to make AGMs more digestible" (BT, April 13). The writer suggested that the required Annual General Meeting (AGM) period reverts to five months from the current four in
      284 words
    • 259 23  -  IT would be simpler for online investors to locate the counter they want to trade if the alphabetical order used by the Singapore Exchange (SGX) was in the conventional format and not a unique one. Counter names starting with CHINA or SINGAPORE can be
      259 words
    • 1007 23  -  But getting students to feel comfortable speaking English in class is not so easy By DOREEN CARVAJAL NYT WHEN economics students returned this winter to the elite Ecole Normale Superieure in Paris, copies of a simple one-page petition were posted in the corridors demanding
      NYT  -  1,007 words


  • 11433 24 SGX MAINBOARD Transaction date: Apr 16 52WV Tel Last Vol Day Last Quote Oiv GrVW Net MCj High Low Code Company Sate ('000) High Low Buyer Salter Cvr m in 3 5 2 5716 1st Software 2 susp I 11 5 6 3148 8Telecom lied *0 5 3067
    11,433 words
  • Page 24 Advertisements
    • 26 24 5 Thrte from 20% deposit (5 x moet etocfcs Competitive financma r*tes in aR market» Select Exchange IhMdd Fonde and Inftloel joCmii ii iii»eM i <Jiatu»»
      26 words

  • 5500 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy Syr *«ly Syr S dy Syr Apr 13 Index Change Change Change Change Change Change The Wortd Index Preliminary 1141.5 0.2 37 0,0 33 03 4.6 t EAFE Preliminary 1160 S 03 4.8 0.1 5J
    5,500 words
  • Page 25 Advertisements
    • 172 25 m Ujlll Serious trading. Worldwide. y-*—.-gp^| MM Discover global markets now. fefioHl —|L jk tjg*"-' MH m I MK ■I /tni irv s >H¥ltfit< th# global miititi 1)19 inductr Y'* •ward-winning platform to gain accass to 19 axchanga* 160 FOREX crofcat, CFD», option* and futuras. A singia platform wtth an
      172 words

  • Page 26 Advertisements
    • 1190 26 UK CONTINENT SERVICE UAA 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 MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination PAN DYNAMIC ADN/JDH/BJA STXPO TBN INC/BSN VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for
      1,190 words
    • 692 26 DONGNAMA LINE m mmm m J —-IS n BMiHBftMMg VESS& (EVBY SUN) VOY SGP HKG ROTA HAS! HAS 447 22/04 24/04 KOTAHARTA HTA4M 29/04 03/05 VESSEL (EVERY SIM) VOY SGP HKG «WI) IKY YOK ROM MMunmr wis 22/04 24/04 m/m oi/os 03/05 MOl FORTUNE ***** 29/04 03/0S 07/05 01/05 10/05
      692 words
    • 400 26 wHw WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com vissa vor ramp hbght sw uc map otF TAMO A 1712 4701 ms 6.4 M 11/04 11/05 20/0S 2S/05 30/05 21/05 IAUSMAN A 1714 3201 ms 6.4 M 06/05 30/05 00/06 30/06 16/06 14/06 |tOURCOW6 <1704 4001 MS 6JM 24/05 23/06 30/06 01/07 *N«wY«t
      400 words

  • The Business Times Shipping Times
    • 5187 27 This ETA HA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABU DHABI (AUH) 2004 U. A. Emirates 30/04 11/05 SCI EMIRATES WASL 716W *****355 07/05 18/05 SCI EMIRATES MARINA 717W *****355 To ADELAIDE (ADL) 2007 Australia 29/04 18/05 China Shpg
      5,187 words
  • Page 27 Advertisements
    • 616 27 WAN HAI INTERNATIONAL PIE LID M6W*****0/I VlrA IAIALI II A I I llirr T0:*****588 (MUNIS) «X:*****163 VMdN WAN HAI lINrS (Mam****/****o^l*-0800)*****200 V llVlinil llfll hHlhll fid THL (03) *****tM MJfc (03) *****211 Wl IB: (04) *****00 MX: (04)*****99 V JOH IB: (07) 251W23 ML |07)251»9219* IB; (031) *****75 Ml- (031)
      616 words
    • 896 27 lIHBsSsbHH VtSStL VOY PKI I SIN I KHI PXR BAB DMM BIK HHP KAN TABATASAH PCUI94 17/04 li/04 27/04 30/04 01/05 07/05 09/05 11/05 RAN BAABAEI PCLBI96 28/04 29/04 08/05 11/05 12/05 18/05 20/05 22/05 MAN SATTARI PCUI97 06/05 07/05 16/05 20/05 19/05 26/05 28/05 30/05 VESSEL VOY I SIN
      896 words
    • 613 27 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS KSft I YOY I SIN PMAHG COLOMBO II SHKt COLOMIO wm>aiwm m>io3 haw own qmij 27 *w jum mtvGAKOHi oiiw »tn ;sw raw nw ww WWW OOWf 01 MAY I O?MAY OSMAY WMAY I3MAY ALSO KOWG fQ
      613 words


  • PROPERTY
    • 1699 29  -  It won't be a bull run like Singapore's, but there are signs for cheer like lower interest rates and several potential triggers for market activity By LAUREL TEO in Jakarta LAST year was a subdued period for the Jakarta property market for several reasons. A
      Source: Bloomberg; Source: Collers International Indonesia, Research Department  -  1,699 words
    • 367 30  -  Price achieved by en bloc sale is $1,544 psf ppr By ARTHUR SIM KAJIMA Overseas Asia has bought a residential redevelopment site at 2-50 Bishopswalk for $134 million through a collective sale. The price for the 69.189 sq ft District 10 site
      367 words
    • 810 30  -  After its megabuy in Cairnhill, sights are now set on East Coast, Bukit Timah By KALPANA RASHIWALA SESDAQ-LISTED property developer Sing Holdings turned heads last month when it acquired Hillcourt Apartments on Cairnhill Road for $361 million or a whopping $1,542 psf per plot
      PHOTOS BY YEN MENG JIIN  -  810 words
    • 382 30 Reuters [LONDON] Asking prices for homes in England and Wales rose at their fastest annual pace in nearly four years in April, a survey showed yesterday, suggesting that higher interest rates have done little to tame the market. .Property website Rightmove said
      Reuters  -  382 words
  • Page 29 Advertisements
    • 61 29 m ft Pavilion 11 Land area: approx2l,B72.4sf Plot ratio: 2.8, up to 36 storeys |1 Walk to NovenaMßT station, J» ]2pr j(r Velocity, United Square Novena /SJSSS I MKT Sitting on high ground and edge of Akyab Road allows a QauonnA \v/ jj* NovenaSq./Velocity Landmark Project @Novena T«nd«r Closing: Unrt
      61 words
    • 197 29 Prime Residential Redevelopment Site at Dist 10 For Sale by Expression of Interest cffgygk City Towers at Bukit Timah Road WSeh frW -tsar -J, Freehold 0 Land area 9,711.3 sq m '.-jjf-: (104,531 sq ft) MP 2003 "Residential* at I VS Plot ratio 2.1 /J* i sh«*on Height restriction -upto
      197 words
    • 153 29 ■Debenham* Tie Leung S m«m. i ft AUCTION SALE SERANGOON ROAD 6-storey FREEHOLD Commercial Building with a Basement Car Park Opposite Serangoon Plaza, to arem nt ,e ess an '50 metres from HBpK^FjpFarrer Park MRT Station )lte zonec mmerc a 2ra»#oX-02@1130sf #IX-07@*****f #IX-08@1216sf 3 ims #3X-09 @*****f All #4X @$2,4685f
      153 words

  • Page 30 Advertisements
    • 79 30 Nanyana Girts' t AS. H xX. District 11 National Raffles Grils' /<w >. P 92,628 sf land, Freehold 2-storey mixed landed E| evated, multiple road frontages k Close to reputable educational institutions The Chinese >?\ N. /W am Expressions of Interest Closing on 24 Apr '07,2.30 pm Nanyana Pr Sch
      79 words
    • 98 30 PRIME FREEHOLD ELEVATED RESIDENTIAL LAND AT THE HIGHEST POINT OF BALMORAL AREA OVERLOOKING ARDMORE PARK I COLLECTIVE SALE OF —iT"""" THE BALMORAL 5 S T tfS Site Area: 23,225.1 sqm j I I 111 PR I .6, up to 12-slorey g "W" g Near Raffles Girls' Secondary School, tsr t
      98 words
    • 21 30 6-storey commercial building Within walking distance to Bugis MRT station Freehold Land Area: 4,900 sq ft Built-up Area: 23,300 sq ft
      21 words