The Business Times, 20 April 2007
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2007-04-20
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The Business Times
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Title Section18 2007-04-20 1 THE BUISNESS TIMES Friday, April 20,2007 inline at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SlNGAPof4aicertfc^18 words
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Article, Illustration795 2007-04-20 1 TEH HOOI LING - Red hot Q1 growth triggers China rate hike fears By TEH HOOI LING [SINGAPORE] For the second time in as many months, concerns over developments in China yesterday sparked a global equities sell-off. Regional markets were down sharply on worries that the Chinese government795 words
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844 2007-04-20 1 ARTHUR SIM - By ARTHUR SIM [SINGAPORE] New property launches are raising the asking prices of existing developments around them by as much as 10 to 50 per cent within weeks. The most recent example is neighbouring developments Reflections at Keppel Bay and Caribbean at844 words
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Page 1 Advertisements
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Advertisement25 2007-04-20 1 SHIPPING 4Pp| Norwegian ship broker GETTING BRANDING HHlf''T W DOWN H A IjH --1 -I !I a JI I—— TOA HUKMi FINE ART PAGE 3225 words
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Advertisement35 2007-04-20 1 EXEC LIFESTYLE Smooth sailing for marine leisure industry PAGE 28 China is now the Wall Street of Asia PAGE 2 China stuns with 11.1% Q1 growth PAGE 2 8 !U 111 Markets Digest Page 235 words
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Advertisement22 2007-04-20 1 Jl WORLDGOURMET Exotic bits and misses m J® PAGE 29 PCCW MD Jack So quit over pay squabble? PAGE 3 MAURICE LACROIX22 words
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TOP STORIES
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695 2007-04-20 2 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY AS ANY doctor would tell you, too much of a good thing can be bad for your health. Before yesterday's sell-off, the Shenzhen Stock Exchange Composite Index had risen a staggering 80 per cent this year695 words
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Article, Illustration660 2007-04-20 2 China economy stuns with Q1 growth of 11.1 Prime minister says more measures needed to prevent overheating Bloomberg AP Reuters [BEIJING] China's economy grew at a faster than expected 11.1 per cent pace in the first quarter from a year earlier, powered by exports that have inflamed trade tensions andBloomberg; AP; Reuters; Source: Reuters - 660 words
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Article557 2007-04-20 2 S'pore adopts new formula for next level of development SINGAPORE yesterday named its new growth formula—"World.Singapore" —before an international advisory panel of eminent chief executives. Describing it to be "invigorating and changing the way we think, work and live". Defence Minister Teo Chee Hean, in his capacity as557 words
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Article136 2007-04-20 2 Dsn 3****** (-109.13) ST INDEX FUTURES 3*277X10 (-109.00) siMsa ***** (-14.83) SIMSa FUTURES 403J0 (-12.00) MARKETS Thursday Change KLCOMP 1.***** -1221 NIKKEI 225 *****.87 -295J6 HANG SENG 20,299.71 -477.38 SET INDEX Q7J3 -5M JAKARTA COMP 1,918.35 -41.32 MANILA COMP 3,238-06 -57.22 SEOUL COMP 1,513.66 -20.92 SHENZHEN B 536.61136 words
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622 2007-04-20 3 JANE MOIR - Market speculates pay row was behind his decision to quit By JANE MOIR in Hong Kong OUTGOING PCCW managing director Jack So Chakkwong failed to earn a bonus at the telecoms giant in 2006, fuelling speculation that a pay squabble was behind622 words
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Article, Illustration665 2007-04-20 3 CHUANG PECK MING - Summed up in World.Singapore, the new approach has four attributes By CHUANG PECK MING [SINGAPORE] We will be hearing a lot of "World.Singapore" the growth formula named for the first time yesterday before an international advisory panel of eminent chief executives.665 words
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Advertisement22 2007-04-20 2 people Clients wanted. (Only excellent companies need apply) GOOD GAINS Let your investors know by advertising your financial results in our newspaper.22 words
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Page 3 Advertisements
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Advertisement23 2007-04-20 3 •SssMjP BsA I Hn H y i'> P^ pSEn Radio 91.3 is managed by SPH Unionworks, a subsidiary of MP Singapore Press Holdings23 words
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Advertisement174 2007-04-20 3 i v isinHHQn^H H B > |f„' Mfr? '^;J BPIm %|J2^| JP' J m^Hl Ml" If H•• pt! l&aJ^^^Bß^^K^^^HMßMßß^^^^^^Wß|M|3B"lß|H^BlE||' ,«%>?/, IlisilgßwWOofxxnnnTTmmTO START A FEW HEARTS RACING. This is power you can sense even before you get behind its 'R' steering wheel. Hugging the road like a jealous lover, its supercharged174 words
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COMPANY NEWS
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627 2007-04-20 4 The Economic Times [NEW DELHI] The twist and turn of the stock market over the last one year has overhauled the top order of multinational (MNC) heavyweights on the Indian bourses, measured on the basis of the value of their holdings in listedThe Economic Times - 627 words
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Article, Illustration751 2007-04-20 4 Reuters A TWO-YEAR boom in offshore oil-drilling rigs has pushed shares of Singapore's Keppel Corp and SembCorp Marine to record highs, but bullish investors seem to have overlooked something: the order flow has slowed significantly. Keppel and SembMarine the world's number one andReuters - 751 words
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Article, Illustration451 2007-04-20 4 JANICE HENG - Share issue cap at 20% deemed too high, lowering to 10% urged By JANICE HENG OCBC Bank has paid out more than $27 million in share buybacks for this year alone, but small investors seem hungry for more. At its AGM451 words
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402 2007-04-20 4 MICHELLE QUAH - By MICHELLE QUAH THE Singapore Exchange (SGX) yesterday slapped a trading halt on the shares of Sesdaq-listed Automated Touchstone Machines (ATM), after receiving word that the company had not cooperated with the special auditor appointed to probe its-afters. The halt oomes just402 words
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Article, Illustration503 2007-04-20 6 KALPANA RASHIWALA - Its land bank of 730,000 sq ft can be developed into 700 homes By KALPANA RASHIWALA HO Bee Investment's latest $279 million or $990 psf per plot ratio acquisition of Elmira Heights at Newton Road has boosted the developer's residential land bank to503 words
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337 2007-04-20 6 GUOCOLAND'S net profit fell 41 per cent year on year to $34.4 million for its third quarter ended March 2007. The company said yesterday that revenue rose 99 per cent to $153.7 million, but the cost of sales from development projects in Singapore337 words
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203 2007-04-20 6 CAPITARETAIL China Trust Management, the manager of CapitaRetail China Trust (CRCT), yesterday announced first-quarter income of $7.17 million for distribution to its unit-holders. The amount, for the three months to March 31, 2007, is so.63 million or 9.5 per cent higher than203 words
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Article, Illustration363 2007-04-20 9 OH BOON PING - It will inject US$2m; the investment will be funded internally By OH BOON PING MARINE supply and logistics firm Sinwa is entering a joint venture (JV) that has already bagged a US$4O.5 million seismic vessel contract for the next three years. In aFILE PHOTO - 363 words
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193 2007-04-20 9 Bloomberg SHARES of Jurong Technologies Industrial Corp, a maker of electronic components for companies including Motorola Inc, rose after it gained a new customer for mobile phone parts, according to UOB Kay Hian Research. The stock climbed 1.7 per cent, afterBloomberg - 193 words
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Article242 2007-04-20 9 Chuan Soon Huat unit to sell 2 Batam plants CHUAN Soon Huat Industrial Group said its Indonesian subsidiary, PT Cemerlang Selaras woodworking, will sell two of its factories in Batam to PT Latrade Batam Indonesia for US$750,000 as part of a group-wide cost-cutting plan to dispose of non-core242 words
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Advertisement5 2007-04-20 6 Your Perfect Mini Netbook www.dopodasia.com5 words
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Advertisement12 2007-04-20 7 H M flMl-a Vfl L Mil **7 i i /r%9 Bau |gj|BgMMW^^^^12 words
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SINGAPORE MARKETS
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Article, Illustration566 2007-04-20 8 R SIVANITHY - It's China and the carry trade again STOCKS ST Index dives 3.2 per cent as the twin forces that hit the stock market in early March resurface R SIVANITHY Senior Correspondent HISTORY repeats itself. Just ask stockmarket punters, who yesterday saw the Straits Times Index dive a heartstopping 109.13 pointsSource: Bloomberg - 566 words
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Article, Illustration956 2007-04-20 8 DAILY SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Dow Uwdi Up Down Uwth Up Down Undi Multilnd 1 15 1 0 1 0 1 J Manufacturing 21 165 40 _33 16 26 198 56 Commerce 4 9 4 14 4 8 79 13 T pt/Stor/Com ms 4 31 6 0956 words
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Article, Illustration957 2007-04-20 8 CONRAD TAN - Compiled by CONRAD TAN China Energy April 19 dose: $1.32 MERRILL LYNCH, April 19 WE INITIATE coverage on China Energy with a "buy" and a price objective of $1.88: We believe that as the largest dimethyl ether (DME) producer in China, it can leverage on its first-mover advantageScurce: Bloomberg - 957 words
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Article, Illustration473 2007-04-20 8 CURRENCIES Reuters [LONDON] The yen rose sharply against the euro and dollar yesterday as worries about a near-term Chinese rate hike to cool rampant growth, falling stocks and strong Japanese data led investors to unload some carry trade positions. Chinese first-quarter growth and MarchReuters; BLOOMBERG - 473 words
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Advertisement48 2007-04-20 9 witk a D,a erence >^^^mancing /4rt J Date Time: 21 April 2007 Saturday 1030 1730 krs 22 April 2007 Sunday 1030 1730 krs Venue: Singapore Marriott Hotel, Orchard Road Serai Room 2nd Floor m ]lA House of Fine Chinese Art For more information p lease call *****728 148 words
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SINGAPORE NEWS
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703 2007-04-20 10 NANDE KHIN - But it's bearish on soft commodities and base metals in the short term By NANDE KHIN MORGAN Stanley analysts are overall bullish on most commodities in the long term, but are bearish on soft commodities and base metals in the short term. Top703 words
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526 2007-04-20 10 PAMELA CHEW - BUSINESS FOR THE ENVIRONMENT Greater challenge can be found in Asia By PAMELA CHEW IT IS a case of the old chicken or egg scenario for green investment and financing in Asia. Financial institutions are facing a dilemma take part in sustainability projects526 words
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Article, Illustration370 2007-04-20 10 KALPANA RASHIWALA - PROPERTY By KALPANA RASHIWALA AVERAGE monthly rent for offices in the Suntec, Marina Centre and City Hall area surged 37 per cent quarter on quarter in Q1 to $10.90 per sq ft, outstripping a 28 per cent gain in the Raffles Place area,FILE PHOTO - 370 words
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Article238 2007-04-20 10 ARTHUR SIM - By ARTHUR SIM A PROMINENT site for hotel development at the junction of New Bridge and Cantonment roads has been put on the reserve list of the Government Land Sales programme. It is the first of three new hotel sites to be released by238 words
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262 2007-04-20 10 APOLLO Management Holdings, a leading US fund manager, this month opened its Singapore office to invest in Asia beginning with a modest US$2OO million. New York-based Apollo Management is a private equity and capital markets investor with holdings in a range of industries262 words
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Article, Illustration885 2007-04-20 11 MATTHEW PHAN - EDB harnessing resources in its four-pronged approach By MATTHEW PHAN in Freiburg, Germany WHEN Singapore wants to get something done, it usually does it well. The biomedical industry got a kickstart, and local water firms and government bodies are now leaders in theRAY CHUA/LIANHE ZAOBAD - 885 words
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323 2007-04-20 11 MOH matches $12m donation from widow Mavis Khoo THE National Cancer Centre Singapore (NCCS) yesterday officially launched the Humphrey Oei Institute of Cancer Research (HOICR), which will bring together NCCS's three research divisions. Research work from the Division of Medical Sciences, Division of Clinical323 words
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Article276 2007-04-20 11 SINGAPOREANS were told yesterday that the government will take steps to manage the construction boom, and three key targets were outlined manpower, efficiency, and communication. "We will take a holistic and multi-facet-ed approach to manage the construction boom," said Minister of State for Trade and276 words
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Advertisement132 2007-04-20 11 In the heart of the city, IN A WORLD OF YOUR OWN. fjfi p jjj Four Seasons Hotel vfo Welcome to the stylish, sun-filled sanctuary of Four Seasons. Whether bed breakfast RATES FROM for business or pleasure, enrich your stay with resort-style indulgence: the garden swimming pool, rejuvenating spa and132 words
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ECONOMY WATCH
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435 2007-04-20 12 Reuters I LOS ANGELES] US oil prices will remain in the US$55-65 range for the next year, ConocoPhillips CEO James Mulva said in an interview this week. "The consensus view is somewhere between US$5O and US$65 a barrel and I don't takeReuters - 435 words
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Article, Illustration583 2007-04-20 12 S JAYASANKARAN - Think tank chief Mohd Ariff Kareem expects it'll happen by year-end By S JAYASANKARAN in Kuaia Lumpur A DEBATE over the ringgit and its possible internationalisation has emerged with Mohamad Ariff Kareem, the head of the Malaysian Institution of Economic Research (Mier), throwingBLOOMBERG - 583 words
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Article, Illustration387 2007-04-20 12 [WASHINGTON! Policies announced by five major economies to tackle global imbalances are mediumterm, rather than shortterm, measures to rebalance the world economy, the International Monetary Fund's No 2 official said on Wednesday. John Lipsky, the IMF's first deputy managing director, brushed off387 words
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214 2007-04-20 12 Bloomberg [NEW DELHI] Indian banks should slow loan growth to high-risk businesses and give priority to lending to the productive sectors, Finance Minister P Chidambaram said. "Credit growth at 30 per cent has to be moderated and therefore banks must rebalance their creditBloomberg - 214 words
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654 2007-04-20 12 Reuters [NEW YORK] The biggest US companies such as International Business Machines (IBM) and Intel Corp are getting a boost partly at the expense of the declining dollar. In the last two weeks, McDonald's Corp, Merck Co and Eli Lilly and CoReuters - 654 words
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Article2405 2007-04-20 12 VOL mi w- ftw) At M Realty 330 0.01 745 Abric Bhd 032 unch 45 Acp Industries 116 -0.02 525 Advance Synergy 0J6 -0.02 4670 Adventa Bhd 1.00 -0.02 729 Ae Mutti Hldgs .033 -0.01 208 Affin Holdings 235 -0.09 5660 Ahmad ZakiRenu 3.70 -0.05 89 Ate Corp2,405 words
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Advertisement21 2007-04-20 12 4H22R BBaMa H 01 ksmuuki KOREAN RESTAURANT 165 Tanjong Pagar Road, Level 2 Amara Hotel(sß9fil(K)Singapore *****9 ®6220 7160 H 6pm-10.30pm H21 words
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MALAYSIA/INDONESIA
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328 2007-04-20 13 Bernama [BATAM] Eight countries have accused a number of Indonesian companies of dumping or selling their goods in overseas markets at lower than their domestic prices, according to the directorate of trade safety at the trade ministry. The eight countries whose accusations wereBernama - 328 words
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570 2007-04-20 13 PAULINE NG - They say producers are charging in excess of ceiling set by govt By PAULINE NG in Kuala Lumpur ALL IS not well in Malaysia's building industry. Despite inves-tor-friendly initiatives, local builders yesterday warned jobs and projects were at risk if steel570 words
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Article146 2007-04-20 13 Reuters [JAKARTA] Indonesian lender PT Bank Mandiri Tbk's first quarter net profit doubled from the year-ago period, thanks to strong growth in its net interest income and wider margins. Indonesia's largest lender reported yesterday its net profit rose to 1.03 trillion rupiah (*****.4 million) fromReuters - 146 words
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BRIEFLY ASIA
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45 2007-04-20 13 Bloomberg [HONG KONG] Cheung Kong (Holdings) and Hutchison Whampoa bought land for residential and commercial development in Chongqing, China, for 2.45 billion yuan (*****.1 million). The companies each hold 47.5 per cent of Project Co, which bought the land.Bloomberg - 45 words
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68 2007-04-20 13 AFP [KUALA LUMPUR] A Malaysian firm and Saudi Arabia's A 1 Rajhi Bank have created the world's first electronic funds transfer system to comply with Islamic financial principles, company officials said on yesterday. A 1 Rajhi and e-Kencana, a Malaysian electronic service provider, saidAFP - 68 words
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54 2007-04-20 13 AFP [JAKARTA] Indonesia's Environment Minister Rachmat Witoelar defended on Thursday his proposal to ban sales of new cars in a bid to slash pollution levels, amid concern from local automakers. He said the plan could be introduced if new anti-pollution measures did notAFP - 54 words
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76 2007-04-20 13 Bernama [NEW DELHI] India has alleged that Asean is again acting tough on free trade agreement negotiations that may push back the July 2007 deadline, set by the heads of governments in Cebu this year. The Economic Times quoted Commerce Ministry officials asBernama - 76 words
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47 2007-04-20 13 AP [KUALA LUMPUR] Telekom Malaysia yesterday said it would buy a further 7.4 per cent stake in its Indonesian cellular unit Excelcomindo Pratama for US$ll3 million. This will take its stake in the company to 66.98 per cent. —APAP - 47 words
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Page 13 Advertisements
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Advertisement11 2007-04-20 13 I Call now I for the I Payrollserve wwwitoneforestAccountsxonisq Alfa Romeo11 words
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GREATER CHINA
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Article, Illustration58 2007-04-20 14 [XINZHENG] They call him Huangdi, or Yellow Emperor, and he's believed to be the ancestor of all Han Chinese. This picture, released by China's official Xinhua news agency yesterday, shows a view of the grand ceremony in memory of the folk figure. The ceremony was heldAP - 58 words
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634 2007-04-20 14 But worries about overheating in China could crimp enthusiasm for IPOs Reuters [HONG KONG] China Citic Bank is likely to price its US$5.4 billion IPO the world's biggest so far this year at the top of an indicated range onReuters - 634 words
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252 2007-04-20 14 It's prepared for conflict arising from its own brands AFP [SHANGHAI] China's Shanghai Automotive Industry Corp (SAIC) made it clear yesterday that it is not going to play second fiddle anymore to foreign partners Volkswagen and General Motors. "Without independent innovation, we cannotAFP - 252 words
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Article134 2007-04-20 14 AFP [HONG KONG] Gaming revenues in Macau has shot up 45 per cent year-on-year to a record of 17.88 billion patacas (553.35 billion) in the first quarter of this year, official figures showed. The figures further solidify the tiny former Portuguese enclave's position as theAFP - 134 words
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316 2007-04-20 14 Two versions have surfaced; certain to spark huge legal battle AFP [HONG KONG] Asia's richest woman left her wealth to her for-tune-teller in her last known will which is all but certain to spark a huge legal battle with relatives. Hong Kong media reportedAFP - 316 words
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399 2007-04-20 14 Bloomberg [HONG KONG] ÜBS AG, Europe's biggest bank, may put more capital at risk by buying stakes in companies after its investment in Bank of China tripled. "There will be opportunities like Bank of China, where we can take minority interestsBloomberg - 399 words
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Advertisement81 2007-04-20 14 MANDARIN tINGAPOM This Secretaries' Week (23-27 April), reward your secretary with fine gastronomy and a chance to win $888 worth of dining vourchers. Top of the H' Revolving Restaurant $48~* Pine Court Chinese Restaurant $68^* Triple 3-The Buffet Restaurant $55— www.mandarkHHncapora.com x i Ll K^hnotion Rama Thai Sharksfln Restaurant 8181 words
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INDIA
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Article, Illustration249 2007-04-20 15 AFP [HONG KONG] A landmark nuclear energy deal between the United States and India is in jeopardy because New Delhi wants key clauses rewritten, a senior US official told the Financial Times yesterday. US State Department officials say India's tough stance is threateningAFP - 249 words
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358 2007-04-20 15 India expects to become world's No. 2 steel producer by 2016 AP Bernama [MINNEAPOLIS! Minnesota Steel, which plans a US$l.6 billion mining and steelmaking facility on northern Minnesota's Iron Range, is being bought out by India's Essar Global Ltd. The purchase, announced on Wednesday,AP; Bernama - 358 words
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159 2007-04-20 15 Reuters [MUMBAI] India's central bank will let Singapore's Temasek Holdings and the Government of Singapore Investment Corp (GIC) raise their stakes in ICICI Bank to 10 per cent each, the Mint daily reported, citing senior government officials. Temasek holds 7.41 per centReuters - 159 words
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297 2007-04-20 15 It will be the first Indian school to raise funds this way [MUMBAI] Mumbai University could soon be the first educational institution in India to invest in shares of blue chip companies. The 150-year-old institution is planning to raise money this297 words
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Advertisement110 2007-04-20 15 Bid Online at www.dovebid.com 50 Units of Chiron FZI2S High Speed CNC (Drilling Tapping) Machining Centre In China Bidding Begins Featured Items 25th April 2007,9arn and 50 un its of 1995/1994 Chiron FZI2S CNC 10:00 a m' machining Centre, X-Y-Z:550x300x425mm, Preview: Spindle speed: *****rpm, well maintained By Appointment Only and110 words
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MIDDLE EAST
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Article, Illustration625 2007-04-20 16 NEIL BEHRMANN - Maan al-Sanea's Saad Group plans to buy stakes in other 'giant' banks By NEIL BEHRMANN in London MAAN al-Sanea, the low-profile Saudi billionaire who purchased a 3.1 per cent stake in HSBC, has extensive business interests in Saudi Arabia, China, the United KingdomBLOOMBERG - 625 words
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Article6633 2007-04-20 16 UNIT TRUSTS FUNDS AMI Antra Asset Mgt (S'pore) Stat Europe Eqly'"— 1.112/ Stat Europe Bond 1 191/ Stat Europe M 1264/ Star Asian Tiger Eqty 1 344/ Star Asia Bond 1 31# Stat Asia Balanced 1.106/ Star Global Technology Fund!" 0 216/ Mult SI Ed 0-979/ Star Asia BondtUSD) 0*72/6,633 words
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Advertisement27 2007-04-20 16 Allianz Global Investors delighted.But not surprised. We're Unowned consistent returns for oufdients. EHHBB Fof more information, speak to your financial advisor or visit www. INVESjTMENTS g ii27 words
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ASIA-PACIFIC/WORLD
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570 2007-04-20 17 BBVA, BNP and BOA stand by for assets as acquisition talks progress: report Reuters [LONDON] Barclays has received interest from rivals if it wants to sell parts of ABN Amro, a source said yesterday, as the UK bank heads towards aReuters - 570 words
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319 2007-04-20 17 AP [BANGKOK] The former head of a scandal-tainted Thai bank whose failure presaged Thailand's 1997 economic crisis was sentenced to an additional 20 years in prison yesterday. Krirk-Kiart Jalichandra headed the now-defunct Bangkok Bank of Commerce, which collapsed inAP - 319 words
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225 2007-04-20 17 LATEST US DATA Bloomberg Reuters [WASHINGTON] A measure of the US economy's future course rose in March for the first time in three months, signalling the expansion is struggling to overcome slumps in housing and business investment. The Conference Board's indexBloomberg; Reuters - 225 words
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Article, Illustration245 2007-04-20 17 Bloomberg [WASHINGTON] David Beckham already has brought Major League Soccer's (MLS) Los Angeles Galaxy an additional US$l3.3 million in revenue more than enough to cover his salary for two years. Beckham, who won't play until July, signed a five-year contract with theBloomberg - 245 words
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WORLD WATCH
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84 2007-04-20 17 AP [TOKYO] North Korea has begun transferring some of its funds from Macau to an unnamed bank in South-east Asia, a major Japanese newspaper reported yesterday, potentially clearing the way for Pyongyang to fulfil its obligations for nuclear disarmament. North Korea missed aAP - 84 words
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71 2007-04-20 17 Reuters [NEW YORK] The Wall Street Journal has named Marcus Brauchli as its new managing editor, succeeding Paul Steiger next month, a Journal spokesman said on Wednesday. Mr Brauchli, 45, most recently oversaw the Journal's redesign, which launched earlier this year, the paper reportedReuters - 71 words
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73 2007-04-20 17 Reuters [BOSTON] The iPhone, Apple Inc's first mobile handset, is on schedule to hit the US market at the end of June, a senior executive with AT&T Inc said on Wednesday. AT&T's wireless unit has an exclusive US deal to sell the highlyReuters - 73 words
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77 2007-04-20 17 Reuters [WASHINGTON] Unfolding problems in the subprime mortgage market are less of a threat to the US economy than trade protectionism, rising healthcare costs and frivolous lawsuits, according to a Financial Services Forum survey. Chief executives at 20 of the world's biggest financial services institutionsReuters - 77 words
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150 2007-04-20 17 Bloomberg [STOCKHOLM] Nokia Oyj, the world's largest maker of mobile phones, said first quarter profit fell 6.6 per cent on increased sales of lower-priced handsets in China and India. Net income fell to 979 million euros (552.01 billion), orBloomberg - 150 words
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Page 17 Advertisements
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AVIATION
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Article, Illustration483 2007-04-20 18 98% hedge at least some of this year's consumption, from 88% a year earlier Bloomberg [DUBAI] Morgan Stanley, the biggest oil trader on Wall Street, said airlines increased hedging on their jet fuel consumption this year as they seek to reduce losses fromBloomberg; BLOOMBERG - 483 words
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Article2315 2007-04-20 18 CITY FU8HT ETA HJ6KT FTP Abu Dhabi S0455 1230 I Adalaida LH9771 1750 LH9770 2345 5Q268 1750 SQ269 2345 Ahntadabad 5Q531 0740 Amftardam L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 "1837 1555 SQ324 2345 SQ348 0100 AC5202 2335 AC5203 0645 UA8952,315 words
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228 2007-04-20 18 Bloomberg [NEW DELHI] An Indian government panel headed by Prime Minister Manmohan Singh approved a plan for the modernisation of the airport in the eastern Indian city of Kolkata, the capital of West Bengal state. The upgrade will be carried outBloomberg - 228 words
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467 2007-04-20 18 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Singapore Airlines (SIA) and its pilots' union will be in the Industrial Arbitration Court (lAC) on Monday to resolve a tussle over the pay of pilots who will fly SlA's giant Airbus A3BO planes. The preliminary467 words
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156 2007-04-20 18 Bloomberg [LONDON] Heathrow airport will switch to a new air traffic control tower in two days, raising the possibility of flight delays at Europe's busiest airline hub. The switch to the new tower, introduced as part of Heathrow's TerminalBloomberg - 156 words
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239 2007-04-20 18 AP [BANGKOK] Travellers using Thailand's airports will soon be barred from carrying bottled water on planes and will have to pack their carry-on toiletries in transparent plastic bags, the civil aviation department said yesterday. The new rules are expected to take effect in May,AP - 239 words
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Article, Illustration353 2007-04-20 18 Bloomberg [COLOMBO] Mihin Lanka Ltd, Sri Lanka's first budget airline, will start flights next week as the country seeks to revive tourism after peace talks collapsed last year. State-run Mihin will start on April 24 with a flight toBloomberg; BLOOMBERG - 353 words
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SHIPPING
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Article, Illustration493 2007-04-20 19 DONALD URQUHART - Move in line with shipping's shift to the new world By DONALD URQUHART [SINGAPORE] Adding to Singapore's global maritime credentials, 138-year-old Norwegian ship broker Astrup Fearnley has joined other time-honoured European maritime firms in setting up shop here, saying this is the place to beYEN MENG JIIN - 493 words
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282 2007-04-20 19 [HONG KONG] Shanghai has overtaken Hong Kong as the world's second-busi-est port behind Singapore, according to first-quarter throughput figures released by the Hong Kong Port Development Council. The mainland port outstripped Hong Kong by 380,000 20-foot equivalent units (TEU) in the first282 words
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786 2007-04-20 19 SELVA KUMAR - ADMIRALTY CASEBOOK By SELVA KUMAR PHOTOCHROMIC lenses, which change from light to dark depending on the amount of light they are exposed to, may be inappropriate for use by lookouts on the bridge of merchant vessels, a UK marine accident investigation report has revealed.786 words
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Page 19 Advertisements
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Advertisement19 2007-04-20 19 Organised by: Sponsored by: Supported by: accenture THE BUSINESS TIMES ©ooßCßank gjgg jjj =r High performance. Delivered. smev<** 119 words
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EDITORIAL & OPINION
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530 2007-04-20 20 EDITORIAL THE first batch of quarterly results from the technology world's leading players has got analysts jumping, but more in agitation than in joy. Against a strong performance from tech bellwether Intel Corp, there were results that ranged from barely adequate from the likes530 words
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Article, Illustration777 2007-04-20 20 FRANK CHING - THE BOTTOM LINE FRANK CHING NEWS that pet food had to be recalled in the United States and Canada after dozens, possibly hundreds, of cats and dogs developed kidney failure after eating pet food containing wheat gluten from China that was tainted with777 words
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Article, Illustration860 2007-04-20 21 CATHY JAMES - Employers should encourage staff to report concerns about malpractice internally By CATHY JAMES subsidiary of a US group. Mark's new managing director, within six months of taking up his post, starts submitting his expense claims without any receipts. Responsible for scrutinising the expenses, Mark asks hisBLOOMBERG - 860 words
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1108 2007-04-20 21 JASON CLENFIELD - It needs the boost to keep its economy growing as demand from the US wanes By JASON CLENFIELD HIROKO Kobayashi, a 65-year-old grandmother from Nagoya,Japan, says she's starting to feel a little more comfortable about spending now that the bank pays1,108 words
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Article386 2007-04-20 21 Cheryl Kong - LETTERS TO THE EDITOR Cheryl Kong Asst executive director Member Relations Division Singapore Business Federation I REFER to the letter from James Wong of Wulf Gaertner Autoparts (S) Pte Ltd "No benefit to a small company in joining SBF" (BT, April 13). Singapore Business386 words
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313 2007-04-20 21 Leong Sze Hian - Leong Sze Hian I REFER to the articles "When fund managers hop, skip and jump" (BT, April 10) and "Financial firms turning off customers: poll" (BT, March 29). There have been many advertisements in the media recently by financial and investment313 words
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Article222 2007-04-20 21 Ang Ah Lay - Ang Ah Lay I REFER to your report "World Bank issues rare rebuke" (BT, April 17). Let me express my in- dignation and disgust at the scandal now surrounding the World Bank and its president Paul Wolfowitz's d Wolfowitz's defiance of the rest of222 words
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Article, Illustration1242 2007-04-20 20 LEON HADAR - The Republican politician who finished ahead of declared candidates McCain and Romney was former Tennessee senator Fred Thompson, who hasn't declared his candidacy LEON HADAR Washington Correspondent HERE is the latest and most intriguing piece of news about the upcoming US PresidentialAP - 1,242 words
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Page 21 Advertisements
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Advertisement12 2007-04-20 21 rSToTI Lianhe Zaobao I [shot] I ICy almost I |30Vo ±iisSi I12 words
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Article11392 2007-04-20 22 9 mmmammmm a, mmimiBammmiiimmimmmmmmmmmmmmmmmm SGX MAINBOARD Transaction date: Apr 19 52 WV Td Last Vol Day Last Quote Mv GrYld Nat MCap High Lew Coda Company Salt COOP) High low fciyar Sa«ar Cw fit Sffli 3 5 2 5716 1st Software 2 susp 81 13 6 3148 8Telecom11,392 words
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Page 22 Advertisements
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Article7332 2007-04-20 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In US$ dy yr S dy yr dy %yr Apr 18 Index Change Change Change Change Change Change World Index Preliminary 1154.5 0.0 4.9 0.0 4.7 0.1 6.2 t EAFE Preliminary 1169.4 -0.1 5.6 0.1 6.6 0.1 8,17,332 words
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Page 24 Advertisements
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Advertisement1531 2007-04-20 24 UK CONTINENT SERVICE U.3.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NOiySAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination PAN DYNAMIC ADN/JDH/BJA STXPOTBN INC/BSN VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk,1,531 words
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Advertisement653 2007-04-20 24 INTMAMA IQtO SERVICE VBSa/VOT MggQ HBCHHM) WO KOI LP sm JKT STUITSartESSI 30 4.0 15/D4 U/04 22/04 24/04 WfIMUOH RORO WKVK* 1 VBSa/VOT UMPfICQ tCGWTPD Lfl I SW I WB STP Ma AOI HE POSITIVE LEADER /DO9 100 5.0 00-08/04 22-22/04 24-24/04 24 27/04 21M/04 03-03/05 DRESDEN/043 100 5.0 21-21/04653 words
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Page 25 Advertisements
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Advertisement1581 2007-04-20 25 WAN HAJ NTBINATIONAL PTE LTD at NO: iws«oooo/l TEL *****518 (14UNES) FAX:*****163 \\\M\ WAN HAI lINIS C-MDMU. I1S00)*****200 V WW Mil I IMb LIIILJ mifcmaMmiiKmattSMmifciMinumfutMßNMt Y- JOH IB: |07) *****23 MX: (07J25W21 SUi 1H: (031) J2IS47S Ml: (D3l) *****14/ H9130S www *Tlß:|o2l)s2s4l»HUt|ni)s2S«mri*ll:7lUN/71UII HUL7IU7I www.ww—i.t—.»g aifc)DH)4I»MSMI:|DHMH»WS/4HWW fcuawwiGßM m x iw no1,581 words
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Advertisement1185 2007-04-20 25 |Tjr\ EASTERN CAR LINER, LTD If -Wr. I SPECIALIZE MRONO* HEAVY UFTUfTO 450 TONS »«»oro uhwim I sin I prl rm jkt mua 10 vb —a- an B 1 K.!WAIAIM.!IM<UIMUI vor lavffD uf*a(RT) I smgapore! ai tgn ghbi vn r* MW^^r-^^4 =^==^=R==ig!::r= VOT R—<Rl) UHNffT) SMGAfORI VLAMVOSTOR SO I *01,185 words
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Advertisement541 2007-04-20 25 m SiGtZA WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS uran I vot I sm I rums coumm m sheva Colombo hoi* rawißA YTWIO3 !I*EE aw QMQ 2L4B__SUS*!— tun gauphi oii3w jjjg ;saw waw 02mat 06may MAOTIA DM 01MAY O?MAY 05MT 09MAY I3MAT «UO «<oraK541 words
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THE BUISNESS TIMES SHIPPING TIMES
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7078 2007-04-20 26 _>, ETA ETA Advertiser Vessel Voyage Telephone SIN Dcst'n Name Nunc Nimbcf Nunibcf To ABIDJAN (ABJ) 2003 Cote D'lvoire 30/04 03/06 Deimas DELMAS KERGUEIEN 718W *****344 30/04 08/06 Delmas DELMAS KERGUEIEN 718W *****344 07/05 17/06 Delmas NALA DELMAS 719W *****344 13/05 16/06 Delmas VERONIQUE7,078 words
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Page 26 Advertisements
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Advertisement413 2007-04-20 26 IRISL, Qih® (Jtte®i) to Qftm MsMte /lasff, omMpfta 1 bM oft {fe>? 0® falhllfld IpofiirJOS $10} ®3 W&M @3 fts) (§oUo§o (swymtotim to flfo© ikisQmi) Owsimifo 93mmo SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA. IRISL ASIA PTE LTD SINOSE MARITIME PTE LTD BOUSTEAD SHIPPING AGENCIES413 words
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Advertisement446 2007-04-20 26 fAC IXN6A PKHNTAN M9S M 704 N7M hivmi nm ma JTH -rannmoi ww mi KTO mmm mm 87* m imma »wt wm nro UiMlKlki II4W K/M iiw Himu I WW li/K ll'/K TKTWIT Ws7l I?7W J$W -®san lis §75i JT7H H IB Bgßlß E&' ''IiTiTT HP UHMUHTiM Ml m/m M/M446 words
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Advertisement293 2007-04-20 26 flail GLORY NAVIGATION GROUpI I SINCE 1970 I I OWNS A OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS g COVERING I THE ENTIRE ASIA PACIFIC PORTS I a REGULAR WEEKLY SERVICES: B IKAOHSIUN6 A CHINESE PORTS, HONG KONG TO FROM I SOUTHEAST ASIA J SMGAPORE HUT293 words
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PURSUITS
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Article, Illustration732 2007-04-20 28 VINCENT WEE - WATER LIFE People interested in boating now have more money to spend, reports VINCENT WEE VINCENT WEE THE marine leisure industry in Singapore has gone upmarket and Asia's premier boat show, Boat Asia, reflects this trend. This is evident from the line-up ofDESMOND FOO/THE STRAITS TIMES - 732 words
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Article, Illustration650 2007-04-20 28 MELISSA LWEE - Camp it up it's a theme party! NIGHT OUT By MELISSA LWEE FROM Dr Georgia Lee's Superstar Electric Pop City party last week to Zouk's Sweet 16 birthday bash tomorrow, it seems theme parties are all the rage these days. Unfortunately, the notion of dressing up for one has yet650 words
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Article, Illustration470 2007-04-20 28 VINCENT WEE - Houseboats the next 'property' craze? By VINCENT WEE THE desire to be part of the coveted waterfront lifestyle on Sentosa Cove is the inspiration behind entrepreneur Masood Mohajer setting up a custom houseboat provider called Bespoke Marine. "I don't want to pay through the nose for one of those waterfront470 words
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Article, Illustration621 2007-04-20 28 CD REVIEW Because of the Times Kings of Leon Sony/BMG Reviewed by BEN MUNROE THE third album does not have to be the difficult one: see London Calling (The Clash), The Velvet Underground (The Velvet Underground), Born to Run (Bruce Springsteen). But southern rockers Kings621 words
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Page 28 Miscellaneous
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Miscellaneous191 2007-04-20 28 CRYPTIC CROSSWORD open-em qown 8 9 un c '°9 teater to parking (4) a forced get-together (7,7) U r,Tc D n«v.c cm .mnu 2 Listened to the sound of the 91 su y precious process dis- YESTERDAY s SOLUTION cows (5) dainfully (14) Across: 6 Determine, 7 Divan, 10 3191 words
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WORLD GOURMET SUMMIT
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Article, Illustration1289 2007-04-20 29 JAIME EE - With the World Gourmet Summit entering its final week, JAIME EE looks at the highlights so far JAIME EE Local Heroes IVEN the general predictG ability of the WGS so far, it may have come as a surprise that some of the most memorable meals werePETER KNIPP HOLDINGS - 1,289 words
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Article, Illustration469 2007-04-20 29 JAIME EE - By JAIME EE IF, as they say, the secret is in the sauce, then three-Michelin-starred chef Heinz Winkler has a good thing going for him. Heavy, intense sauces dominated his Cuisine Vitale menu at Wednesday's iconic chef dinner at the Fullerton Hotel. ConsideringPETER KNIPP HOLDINGS - 469 words
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Article, Illustration531 2007-04-20 29 CHEAH UI-HOON - By CHEAH UI-HOON ONE t)f the reasons that TV host Bobby Chinn found his way into the gourmet world, and then Discovery Travel and Living channel, is because his father told him to quit stand-up comedy and to look for an alternative profession.PETER KNIPP HOLDINGS - 531 words
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Page 29 Advertisements
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Advertisement41 2007-04-20 29 Mriba. n vwy now. Ifs very fresh. Irs my Oscar's.: J!* ''WBt f r stoB+++ wNhfree flow Veuve CHcquot Champagne, MriPVH —i m Orttt vlto. Lion City »tyla. flu ■>u v §)> I For R««ervatlom CON RAD Twa Tamasak tMtavari, Stetapara, «MM241 words
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PROFILES/ARTS
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Article, Illustration927 2007-04-20 30 SANGEETHA MADHAVAN - Girish Kasaravalli is adamant about not going glossy, says SANGEETHA MADHAVAN SANGEETHA MADHAVAN THE last time he came to Singapore, Girish Kasaravalli went on record to say that most Indian films were trash. The 57-year-old auteur still doesn't mince his words on the927 words
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Article, Illustration603 2007-04-20 30 CHEAH UI-HOON - By CHEAH UI-HOON A LOOK at how much China has developed today, and how much Chinese contemporary art is fetching in the collectors' market, and one could be forgiven for forgetting that the Tiananmen Square protests of 1989 ever happened. Forty-year-old artist603 words
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Article, Illustration1127 2007-04-20 30 PARVATHI NAYAR - By PARVATHI NAYAR Long after viewing the Phantom of the Opera, you might find yourself keeping the promise demanded by its lyrics: to remember it fondly, to think of it once in a while. Depending on your frame of mind, you might feel irritation1,127 words
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Article348 2007-04-20 30 SANGEETHA MADHAVAN - By SANGEETHA MADHAVAN When British playwright Noel Coward's black comedy Blithe Spirit first premiered during World War 11, critics panned it but strong audience support helped it become one of the longest running British plays. Maybe it's the same here: a featherlight play helmed by established thespians348 words
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Advertisement47 2007-04-20 30 3 GEMINI MARINE PTE LTD MAIN OFFICE, PARTS ft SERVICE CENTRE 10 Admiralty Street, #01-83, North Unk Building Business Hours: 0830 1730 Monday to Friday (Main Office) ijßfc 0830 1730 Monday to Saturday (Parts Service centre) i 55 Certificate No *****6 «j|jtSßfSM 24/7 Service Hotline: +65-*****233 info@performence-boeting.com47 words
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CINEMA/WINE
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Article, Illustration263 2007-04-20 31 PARVATHI NAYAR - DVD By PARVATHI NAYAR WITH climate change worrying a large percentage of Singaporeans, the inauguration of no-plastic-bag Wednesdays and Earth Day round the corner on April 22, Happy Feet feels like the right DVD for the times. It offers a timely reminder263 words
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650 2007-04-20 31 N K YONG - By N K YONG THE wines of Volnay and Pommard in the Cote de Beaune may not enjoy the same glamour and attention as those of the Cote de Nuits and one rather suspects that this is due to the absence of any650 words
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Article, Illustration523 2007-04-20 31 PARVATHI NAYAR - The lushly filmed Fracture makes for easy watching, says PARVATHI NAYAR PARVATHI NAYAR WE know that in the movies at least, hubris always comes to a sticky end. Part of the game in Fracture is to figure out who has the bigger ego and is523 words
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Page 31 Advertisements
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Advertisement35 2007-04-20 31 V CORNDALE 1 Leading Fine Wine Merchant in Southeast Asia Corndale Consultants Pte Ltd fine wine merchant 37 Jalan Pemimpin #07-05 Singapore *****7 H Tel: (65) 6354 1238 Fax: (65) 6258 4379 H Email: finewines@corndale.com35 words
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executive lifestyle
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Article585 2007-04-20 32 jaime ee - off the cuff jaime ee I HAD a dream last night—the kind of scary, Orwellian futuristic dream in which every day was Bring Your Own Bag Day. Reusable bags were rationed and people could only have one, so they had to resort to creative ways of585 words
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Article, Illustration1592 2007-04-20 32 PARVATHI NAYAR - Luxury brands are moving beyond merely sponsoring art to driving long-term initiatives to support it, reports PARVATHI NAYAR PARVATHI NAYAR TOP brands are no longer just passive sponsors of art, but are initiating their own projects that represent a long-term support of the1,592 words
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Page 32 Advertisements
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Advertisement5 2007-04-20 32 PURSUITS rWffjtmSa Houseboats —the next'property'craze?5 words
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