The Business Times, 28 April 2007

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1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 The Business Time SINGAPORE 85 cents 1 A SINGAPORE PRESS HOLDINGS PUBUCATION MICA (P) 202/12/2006 April 28-29, 2007 online at http://business-times.asial com sg
    23 words
  • Article, Illustration
    Lock icon Wee Cho Yaw passes UOB baton to son
    1051 1  -  By CONRAD RAJ [SINGAPORE] After 33 years at the helm of United Overseas Bank, veteran banker Wee Cho Yaw, 78, yesterday passed the chief executive position to his son Wee Ee Cheong, 54. The elder Mr Wee will remain as chairman of
    1,051 words
  • Article, Illustration
    Lock icon Property subsale activity higher than estimated
    894 1  -  URA data points to speculative activity in 12% of Q4 sales in high-end residential sector By KALPANA RASHIWALA Source: UPA HES [SINGAPORE] The subsale market of the private residential sector often seen as reflecting speculative activity has been more active than previously thought, the
    Source: UPA HES  -  894 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon S'pore, Indonesia ink extradition, defence pacts
      733 2  -  PM Lee, Yudhoyono say 2 countries ready to move on to other vital areas By LAUREL TEO in Bali YESTERDAY'S signing of the long-awaited extradition treaty and defence cooperation agreement between Singapore and Indonesia shows that the relationship between the neighbours has moved on
      AFP  -  733 words
    • Article
      Lock icon $12b Downtown MRT line ready in 2018
      622 2  -  33-station network to link north-west and east of island to CBD, Marina Bay By SAMUEL EE and BENITA AW YEONG [SINGAPORE] The $12 billion Downtown Line (DTL) will be built in three stages and is expected to be ready in 2018. It will
      622 words
    • Article
      Lock icon MARKETS DIGEST
      134 2 sn 3,398.60 (-8.29) ST INDEX FUTURES 3,399.00 (+6.00) siMsa 418.12 (-1.89) SIMSa FUTURES 415.40 (-2.90) MARKETS Friday Change KLCOMP 1.324.77 +8.80 NIKKEI 225 17.400.41 28.76 HANG SENG 20,526.50 -140.79 SET INDEX 695.11 +4.32 JAKARTA COMP 2.019.68 +3.64 MANILA COMP 3.318.38 -31.96 SEOUL COMP 1,542.52 -10.61 SHENZHEN B 592.54
      134 words
    • Article
      Lock icon SGX not easing out CEO Hsieh Fu Hua
      260 2  -  LETTER TO THE EDITOR J Y Pillay Chairman, singapore Exchange THE front-page report yesterday on SGX and its CEO, "Pillay: Hsieh to be released as SGX chief in Sept 2009", may lead some of your readers to infer that the board is
      260 words
    • Article
      Lock icon Q1 GDP growth slows to 1.3%
      382 2 LATEST US DATA Housing slump blamed for worst figure in four years AP Reuters [WASHINGTON] US economic growth slowed to a near crawl of 1.3 per cent in the first three months of 2007, the worst performance in four years. The main culprit: the
      AP; Reuters  -  382 words
    • Article
      Lock icon NTU forecasts 7% economic growth for this year
      414 2  -  By ANNA TEO [SINGAPORE] Economic growth will pick up in the second half of 2007 and average 7 per cent for the year, according to economists at Nanyang Technological University (NTU). The healthy growth will keep the job market buoyant. driving the
      414 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      518 2 Asset sales hike CapitaLand Q1 profit to $608m THE sale of Temasek Tower and Samsung Hub has helped CapitaLand raise its first-quarter profit to a record $608 million 4.7 times that achieved in Q1 2006. But revenue shrank 3.3 per cent to $637 million. COMPANY NEWS, PAGE 4
      518 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Banker in the sweet spot
      1702 3  -  Standard Chartered Bank chairman Mervyn Davies tells VIKRAM KHANNA why his bank is 'in the right place, at the right time' in the global economy VIKARAM KHANNA IF YOU were to design a bank from scratch today, says Mervyn Davies, chairman of Standard Chartered Bank,
      ARTHUR LEE  -  1,702 words
    • Article
      Lock icon CSR: a must-have, not a niceto-have
      445 3 CSR: a must-have, not a nice-to-have STANDARD Chartered Bank is aggressive not only in banking, but also in the area of corporate social responsibility (CSR), for which it has won many awards and which, indeed, has become embedded in the bank's culture and value system. It supports three major global
      445 words
  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      61 3 Raffled Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels and Resorts. The Traveller's Palm in the Raffles Hotels and Resorts logo is an apt symbol. Not only has water stored at the base of this palm provided sustenance, the leaves rest in
      61 words
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  • Page 4 Advertisements
  • COMPANY NEWS
    • Article, Illustration
      Lock icon ComfortDelGro heeds shareholder call to cut share issue cap
      320 4  -  AGM WATCH By MICHELLE QUAH SHAREHOLDER concerns were heard and heeded yesterday at Comfort Del annual general meeting (AGM). The transport giant's CEO, Kua Hong Pak, said that it would cut the cap on its general mandate to issue shares next
      FILE PHOTO  -  320 words
    • Article, Illustration
      Lock icon Babcock & Brown upbeat about 2007 prospects
      323 4  - Babcock Brown upbeat about 2007 prospects By LIN ZHAOWEI AT ITS first annual general meeting, held at Equinox Complex yesterday, Babcock Brown Structured Finance Funds (BBSFF) assured shareholders it is confident of meeting or exceeding its 2007 dividend projections, given the strong start to 2007 across the fund's three target
      323 words
    • Article
      Lock icon Allgreen reports three-fold rise in earnings
      319 4  -  By JANICE HENG ALLGREEN Properties yesterday reported a three-fold increase in net profit to $49.6 million for the three months ended March 31 from $12.1 million in the previous corresponding period. Earnings per share were 3.28 cents, up from 1.15 cents. The growth in
      319 words
    • Article, Illustration
      Lock icon KSH aims to outpace industry growth on strong orders
      510 5 KSH Holdings Ltd is looking at earnings growth this year outpacing the growth of the construction industry in Singapore on the back of its strong orders. The construction, property development and management firm has an outstanding order book of $287.9 million
      510 words
    • Article, Illustration
      Lock icon China concerns temper Wall St's impact
      504 5  -  STOCKS R SIVANITHY Senior Correspondent WALL Street rose to successive all-time highs and the Dow Jones Industrial Average crossed 13,000 for the first time. But the impact here was more muted tfian investors might have expected a 44-point rise on Thursday followed by an
      504 words
    • Article
      Lock icon Rickmers priced at $1.57 per unit
      294 5 IPO WATCH Reuters SHIPPING trust Rickmers Maritime is set to raise ***** million in its Singapore initial public offering after it priced the deal at 551.57 a unit yesterday. The final offer price is near the upper end of the official indicative price range
      Reuters  -  294 words
    • Article
      Lock icon Yuanbang Property of China aims to raise $60m in IPO
      161 5 Reuters YUANBANG Property Holdings, a property firm in China's Guangzhou province, said on Thursday that it would raise $60 million for land purchases and construction in a Singapore stock market listing. The company plans to sell 20 per cent of
      Reuters  -  161 words
    • Article
      Lock icon COMPANY BRIEFS
      772 7 Mapletree Log completes Japan deal MAPLETREE Logistics Trust yesterday announced the completion of the acquisition of five logistics facilities in Japan for a total purchase price of 27.8 billion yen (S$353 million). Yangzijiang bags US$245m in contracts YANGZIJIANG Shipbuilding Holdings says its subsidiary, Jiangsu New Yangzi Shipbuilding Co,
      772 words
    • Article, Illustration
      Lock icon FerroChina in $568m buyout
      393 7  -  It will acquire its China associates via share swap at $1.67 a share By OH BOON PING GALVANISED steel coil producer FerroChina will acquire its associates through a share swap that amounts to $568 million. The merged group has apotential market value of $1.3 billion and
      FILE PHOTO  -  393 words
    • Article, Illustration
      Lock icon Financial, retail products boost SingPost profit
      409 7  -  By TETTYANA JASLI SINGAPORE Post yesterday reported an increase in revenue of 7.3 per cent from $105 million to $112.6 million for the fourth quarter of its financial year ended March 31, boosted by strong across-the-board contributions from the mail, logistics and retail businesses.
      FILE PHOTO  -  409 words
    • Article, Illustration
      Lock icon UE chairman Tang I-Fang retires after 20 years at helm
      287 7  -  By JANICE HENG TANG I-Fang retires today as chairman of United Engineers Ltd, after almost 20 years heading the board of the engineering and construction group. Taking over is Tan Ngiap Joo, currently deputy president of Overseas-Chinese Banking Corporation. After
      FILE PHOTO  -  287 words
    • Article
      Lock icon SPC's share of Oyong oil, gas output rises 10%
      331 7  -  By RONNIE LIM SINGAPORE Petroleum Company's share of oil and gas from the Oyong field in Indonesia which is scheduled to start producing in June has now increased by another 10 per cent to about 6,57 5 barrels daily of crude
      331 words
    • Article, Illustration
      Lock icon Asset sales hike Capita Land Q1 profit to $608m
      462 4  -  Development sales dip, but China operations see higher revenue By ARTHUR SIM THE sale ofTemasek Tower and Samsung Hub has helped Capita Land raise its first-quarter profit to a record $608 million 4.7 times that achieved in Q1 2006. For the
      BLOOMBERG  -  462 words
    • Article, Illustration
      Lock icon GuocoLand buys Leedon Hts for $835m
      498 4  -  By UMA SHANKARI GUOCOLAND yesterday said it has bought Leedon Heights for $835 million in what is thought to be the largest ever lump sum paid for a collective sale site here. The price works out to about $1,062 per square foot per plot
      FILE PHOTO  -  498 words
    • Article, Illustration
      Lock icon Dubai bourse complements Singapore's, says CEO
      380 5  -  Markets more global now, but investors want to invest near home By MATTHEW PHAN THE Singapore and Dubai stock exchanges are complementary and do not compete against each other for either listings or liquidity, Per Larsson, chief executive of Dubai International Financial Exchange (DIFX),
      BLOOMBERG  -  380 words
    • Article, Illustration
      Lock icon Chartered posts 76% plunge in Q1 earnings
      525 5  -  By ROLAND LIM SEMICONDUCTOR foundry Chartered Semiconductor Manufacturing Ltd yesterday reported a 76 per cent decline in quarterly profit on lower orders from the consumer sector and lower selling prices of wafers. For its first quarter ended March 31, 2007, the company reported
      FILE PHOTO  -  525 words
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      Lock icon Page 5 Advertisements Column 1
      59 5 Epitope" of Luxury 7T rgMHj pp||^|M||HHpPM -Jst. Nik. Class W basement carpark for 8 cars boasWa labyrinth of space immersed in natural Foyer leads to multiple formal, casual, family living area and allowing erfte&ainment for all occassions. This architectural marvel has suites complete with dressing area and jacuzzi bathroom. Ammenities
      59 words
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  • PERSONAL INVESTMENT
    • Article, Illustration
      Lock icon BROKERS' TAKE
      1013 6  -  Compiled by MATTHEW PHAN KEPPEL Corp delivered a strong set of results in IQO7 with revenues up 31 per cent year-on-year to $2 billion, operating profits up 37.6 per cent year-on-year to $241.5 million, while net income grew 48 per cent year-on-year to $251.6 million. Less the write-back
      Source: Bloomberg  -  1,013 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      1104 6 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Subsantial Buy No of Prke SHAREHOLDING Trans Shareholder/ Sell Shares Par Before After Stock Date Director Conv '000 Shr S ('000) COOP) Olam Intl 27-Apr-07 Murli Kewalram Chanrai *PL *****0 na *****4 33.01 *****4 26.58 Olam Intl 27-Apr-07 Kewalram Chanrai'HIdgs *PL *****0 na
      1,104 words
    • Article, Illustration
      Lock icon How not to be the first to sell and last to buy
      1306 6  -  SHOW ME THE MONEY TEH HOOI LING Senior Correspondent HUMAN beings are funny creatures. If there's a new type of funky shoes in the market and nobody wears them, you probably won't either. But if enough people wear
      AP  -  1,306 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      18 7 Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email
      18 words
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      Lock icon Page 7 Advertisements Column 2
      488 7 MO SM SUMMIT HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****1088W MANDATORY CONDITIONAL CASH OFFER FOR SM SUMMIT HOLDINGS LIMITED BY BOULTON CAPITAL ASIA PTE. LIMITED FOR AND ON BEHALF OF THINKPAC LIMITED Further to the announcements made by SM Summit Holdings Limited (the "Company") on
      488 words
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  • SINGAPORE NEWS
    • Article
      Lock icon HDB resale flat deals dive in Q1
      330 8  -  By UMA SHANKARI THE number of HDB resale transactions dipped sharply in the first quarter of this year, even as the price index continued to edge up, data released yesterday by HDB shows. And market watchers said that although transactions can be expected
      330 words
    • Article
      Lock icon New charity fund-raising rules takes effect in May
      229 8  -  By CHRISTINE SIM NEW regulations on charities and fund-raising appeals will be implemented on May 1, the Commissioner of Charities (COC) said yesterday. The rules based on recommendations received during a consultation exercise include charities having to ensure fund-rais-ing expenses do not
      229 words
    • Article
      Lock icon Bid to stop Waterfront View en bloc sale fails
      275 8  -  By WEE LI-EN THE bid by minority owners of Waterfront View to stop the Bedok estate from being sold en bloc failed in the High Court yesterday. The owners Yeo Loo Keng and his wife opposed the sale saying they will
      275 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      2179 8 UNIT TRUSTS FUNDS iflTSSM :z::z:=: its asaggMg .as Mjgfcat mKttr===ma ■'llliaill "vSSStfir vr TTTr il'k ipScaJff* to C 4»Midi£A HW u*cjp*»f** sm>i liBA; SStggwl ,4 w«g AMU Amc© M Mgft IVpo,.! AB EuroplKCOTe At SOD KS lm JN«I® ffig IXMWt (S &3fcQB»f. ,M» lm Cfeft* (MM S«UMI I »*1 394
      2,179 words
    • Article, Illustration
      Lock icon New ABN credit card targets wealthy Indians
      471 9  -  Benefits cater to lifestyle of 330,000 Indians in S'pore By CONRAD TAN ABN Amro has taken a new approach to customer segmentation, with the introduction of a credit card aimed at wealthy Indians living here. The Dil Se Platinum Card is available to
      ARTHUR LEE  -  471 words
    • Article
      Lock icon Singapore scores high in e-readiness study
      519 9  -  Republic's global ranking jumps from 13th to sixth, says EIU By AMIT ROY CHOUDHURY SINGAPORE'S e-readiness took a big leap forward in the annual Economist Intelligence Unit (EIU) ranking, attesting to the robustness of the island's infocomm technology (ICT) framework. The Republic has leapfrogged
      519 words
    • Article
      Lock icon Two May Day messages stress skills upgrading
      396 9  -  By CHUANG PECK MING MORE good jobs will be created but Singapore workers will have to upgrade their skills to take on these highpaying posts, is the lesson spelled out in two separate May Day messages. One of the messages comes from Manpower
      396 words
    • Article
      Lock icon Tapping forensic accountants for divorce cases
      477 9  -  By WEE LI-EN HUSBANDS who do not declare all their assets during divorce may soon have their omissions caught by a panel of forensic accountants in the Family Court. At the Subordinate Courts' 16th Work-plan yesterday, Chief Justice Chan Sek Keong announced new initiatives
      477 words
    • Article, Illustration
      Lock icon S'pore may host solar module plant
      570 9  -  By MATTHEW PHAN SOLARWORLD, the world's third largest solar cell manufacturer. could invest 100 million euros in a solar module plant in Singapore within two years, founder and chief executive Frank Asbeck said yesterday. The Economic Development Board (EDB) has aggressively courted investment from
      JOHN HENG  -  570 words
    • Article
      Lock icon New measures
      137 9 ■Processes for civil da*m_beiow $20,000 will be simplified Complex civil claims and cases exceeding $200,000 will be spedaMy managed Non-injury motor accident daims below $1,000 to first be heard by the (fispute resolution mechanism before court proceedings can be commenced ■Judges hearing criminal cases will be reorganised into
      137 words
    • Article
      Lock icon Singapore keeps on learning: MM Lee
      411 9  -  ARAB-ASIAN DIALOGUE By CHUANG PECK MING MINISTER Mentor Lee Kuan Yew yesterday warned that if Singapore stops learning, it would become irrelevant and could go back to being a fishing village. Singapore, which does not have a hinterland, has arrived at where it is
      411 words
    • Article
      Lock icon URA okays 1.3m sq ft office space
      370 8  -  Office block at Alexandra Distripark among six projects given the nod in Q1 By KALPANA RASHIWALA THE Urban Redevelopment Authority granted provisional permission in the first quarter of this year for six projects that can gener- ate a combined 121,360 square metres (1.3
      370 words
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      Lock icon Page 8 Advertisements Column 1
      33 8 Allianz Global Investors one of the world's largest asset managers with more Allianz (fij) than US$l.2 trillion assets under management as at 51 December 2006. Global investors t < <>ill|>.lliy i. VII no I'l't'Nl/H.'t/
      33 words
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  • MALAYSIA
    • Article
      Lock icon Anwar does not worry me, says Abdullah
      353 10 AP [KUALA LUMPUR] Malaysia's leader said yesterday he was not troubled that opposition figure Anwar Ibrahim was attempting a political comeback ahead of a by-election considered a key test of the ruling coalition's support. "I'm not worried," Prime Minister Abdullah Ahmad Badawi told
      AP  -  353 words
    • Article
      Lock icon SGX MAINBOARD
      2496 10 U-Wk Tel Left Vol Day LattQuoto Mv GrVM NM MCap llgh Lam Cod* Compny Solo W- fOOO) Htgh low Buyer SoBor Cvr rtl Sm> 3.5 2 5716 1st Software 2 tusp 8.1 I 11 F 11 !i -I |J| II jP 5.5 l|p jjj li 4? jj 1^2
      2,496 words
    • BRIEFLY ASIA
      • Article
        Lock icon Bank of China Q1 earnings up 18%
        80 10 Bloomberg [HONG KONG] Bank of China, the nation's second-largest said first-quarter profit rose 18 per cent on higher demand for loans and financial products. Net income increased to 11.7 billion yuan (552.3 billion), or 0.05 yuan a share, from 10 billion yuan, or
        Bloomberg  -  80 words
      • Article
        Lock icon Citic Bank shares sizzle on debut
        91 10 Reuters [HONGKONG] Shares in China Citic Bank Corp rose 16 per cent in their Hong Kong trading debut while its Shanghai stock price doubled after its US$5.4 billion IPO, the world's largest this year, drew heavy demand. The shares opened 21 per cent higher
        Reuters  -  91 words
      • Article
        Lock icon Bollywood theme park coming up
        80 10 Reuters [MUMBAI] A Bollywood theme park is being built in India along the lines of Hollywood studio parks, allowing fans to go behind the scenes of the world's biggest cinema industry in terms of viewers. Percept Holdings is constructing the park at an initial cost
        Reuters  -  80 words
      • Article
        Lock icon China chip firm SMIC posts profit in Q1
        77 10 Reuters [SAN FRANCISCO] Semiconductor Manufacturing International Corp, China's biggest contract chip maker, posted a first-quarter net profit on Thursday, compared with a loss a year earlier, as it drew more orders from Chinese design firms. SMIC said net profit for its first
        Reuters  -  77 words
      • Article
        Lock icon Bank Central Asia Q1 profit rises 8.2%
        54 10 Reuters [JAKARTA] Indonesia's second largest lender Bank Central Asia yesterday reported an 8.25 per cent rise in its first-quarter net profit despite a slight decline in net interest income. It saw net profit climb to 1.06 trillion rupiah (Ssl7B million) from 980.6 billion
        Reuters  -  54 words
    • Article, Illustration
      Lock icon Asian telcos to build cable linking S-E Asia, US
      444 10 Telekom-led group plans route that will avoid quake-prone areas Reuters [PUTRAJAYA, Malaysia] Asian phone companies unveiled plans yesterday to build a US$5OO million undersea cable between South-east Asia and the United States to speed connections in the region and avoid earthquake
      Reuters  -  444 words
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  • INDONESIA
    • Article
      Lock icon Indon deals market needs govt boost
      638 11 Activities seen eclipsed by China, India, even Vietnam Reuters [JAKARTA] Indonesian M&A and equity capital markets activity could get a jump-start if the government pushes more privatisation and industry consolidation, but such changes seem a long time coming, market watchers say. The country's investment
      Reuters  -  638 words
    • Article
      Lock icon SGX
      6052 11 MOST ACTIVE STOCKS VOLUME VALUE Diqiland 126.402.000 Olam 342.921.790 Olam 114.180.000 DBS Grp 87.617.465 Abterra 107.905.000 Yanqziiianq 80.222.970 Rowsley 71.401.000 Keppel Corp 70.343.900 Yanqziiianq 60.608.000 OCBCBk 66.118.250 TaiSin 50.763.000 UOB 65.507.648 ChinaCITIMBLeCW*****0 50.018.000 CapitaLand 64.400.442 Foreland 48.063.000 SuntecReit 63.583.505 Eagle Brand 47.738.000 SGX 50.645.850 ChinaCITIBNPeCW*****0 44.167.000 SingTel 40.157.880 Cob
      6,052 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon 'Office Ladies' becoming a big force in China's shopping malls
      604 12 Reuters [SHANGHAI] Feng Qi is a marketer's dream. She's young, unmarried, has a stable income, and says her favourite pastimes are shopping and travelling abroad. And there may soon be millions like her in China. "I spend more than half
      Reuters; REUTERS  -  604 words
    • Article
      Lock icon HK IT research unit's head quits after damning audit
      550 12  -  Astri said to have spent on fengshui, fat exec salaries By JANE MOIR in Hong Kong MOVES to make Hong Kong an IT hub suffered a setback this week with the high-profile resignation of an executive from a public-ly-funded research firm
      550 words
    • Article
      Lock icon China appoints Yang Jiechi foreign minister
      227 12 Reuters [BEIJING] China yesterday named a former ambassador to the United States as foreign minister, replacing veteran diplomat Li Zhaoxing at a time when Beijing's diplomatic moves are increasingly in the spotlight. Yang Jiechi, 56, formerly a vice-minister who speaks smooth English, hails from
      Reuters  -  227 words
    • Article
      Lock icon Nod for HK rail merger looks unlikely by June
      583 12  -  Critics of proposal say it will be voted down by shareholders By JANE MOIR in Hong Kong A PROPOSED merger of Hong Kong's two railway companies appears to be veering off-track, with legislative approval unlikely before the summer recess and critics
      583 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      586 12 integra2ooo Ltd (Reg No. *****6459N) (incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of INTEGRA2OOO LTD (the "Company") will be held at York Hotel, Top of the York Function Room, 21 Mount Elizabeth Singapore *****6 on 21 May
      586 words
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      1 12 Move
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  • INDIA
    • Article
      Lock icon Outsourcing boom benefits Indian software companies
      530 13 Firms boost hiring, see their profits surge as West shifts jobs overseas AP [NEW DELHI] 100,000 That's the number of new jobs that India's top five software companies plan to add this fiscal year, riding a boom in outsourcing that's fattened profits. That's on
      AP  -  530 words
    • Article
      Lock icon BURSA MALAYSIA
      2447 13 VOL Apr 27 KM fOOO) ASM Realty .2.49 unch 182 AbricBhd 0.33 -0.01 67 Acp Industries .2.26 0.09 2005 Advance Synergy 0.36 unch 949 AdventaBhd 1.38 0.03 2115 Ae Multi Hldgs 0.35 unch 129 Affin Holdings .243 -0.10 8396 Ahmad ZakiResou .2.91 0.05 109 AicCorp .0.60 unch 273
      2,447 words
    • Article
      Lock icon India emerges as London's No 2 source of new FDI
      206 13 AFP [LONDON] India has become the sec-ond-biggest source of new foreign investment into London, behind only the United States, a report released yesterday said. According to the Financial Times, a new report from Think London, the capital's foreign direct investment
      AFP  -  206 words
    • Article
      Lock icon Indian govt panel okays Vodafone's Hutch Essar purchase
      192 13 Reuters Bloomberg [NEW DELHI] India's foreign investment body yesterday approved Vodafone's US$ll.l billion plan to buy a majority stake in mobile carrier Hutchison Essar, a senior government official said. "It's cleared," Industry Secretary Ajay Dua told reporters after a meeting of the
      Reuters; Bloomberg  -  192 words
    • Article, Illustration
      Lock icon Bharti Airtel profit swells as customers grow
      455 13 13.5b rupee gain in Jan-Mar qtr almost doubles '06 net, beats forecasts AP Bloomberg [NEW DELHI] Bharti Airtel Ltd, India's largest mobile phone company, said Friday that its net profit in the most recent quarter almost doubled from a year ago, thanks to
      AP; Bloomberg; BLOOMBERG  -  455 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Asia, Mid-East ties must go beyond trade: SM Goh
      486 14  -  ARAB-ASIAN DIALOGUE By CONRAD TAN and PAMELA CHEW [SINGAPORE] Asia and the Middle East should build stronger mutual ties that go beyond trade, Senior Minister Goh Chok Tong said yesterday. Speaking on the first day of the inaugural Young Arab Leaders
      486 words
    • Article, Illustration
      Lock icon Master cellist Rostropovich dies at 80
      301 14 OBITUARY AP [MOSCOW] Mstislav Rostropovich, the ebullient master cellist who fought for the rights of Sovi-et-era dissidents and later triumphantly played Bach suites below the crumbling Berlin Wall, has died, his spokeswoman said. He was 80. Spokeswoman Natalia Dollezhal confirmed Rostropovich's death. The composer,
      AP  -  301 words
    • Article, Illustration
      Lock icon Pop, rock stars figure in British and Irish rich list
      410 14 AFP [LONDON] Pop and rock stars account for nearly £3 billion (Ss9.l billion) in an annual list of the richest people in Britain and Ireland to appear this weekend. The Sunday Times Rich List includes 38 entries from people whose
      AFP; AP  -  410 words
    • Article
      Lock icon BOJ holds interest rates steady as prices fall
      657 14  -  By ANTHONY ROWLEY in Tokyo A SHARPER than expected fall in Japanese consumer prices and industrial output during March provided the backdrop yesterday for the Bank of Japan's policy board to put on hold any further increase in interest rates. This pushed
      657 words
    • Article
      Lock icon Management battles hostility on two fronts
      596 14 TAKEOVER OF ABN AMRO AP Reuters [AMSTERDAM] ABN Amro management yesterday faced attacks on two fronts, as a Royal Bank of Scot-land-led takeover bid turned hostile and a shareholders' rights group sought to block a board-approved acquisition by Barclays. The dual developments heightened the
      AP; Reuters  -  596 words
    • Article
      Lock icon Weinsteins plan US$285m film fund for Asia
      583 14 Brothers will use money to produce, market 31 films over next 6 years Bloomberg INEW YORK] Harvey and Bob Weinstein, the producers of The English Patient and Pulp Fiction, are setting up a US$2B5 million fund for movies that focus on Asia, the
      Bloomberg  -  583 words
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  • MOTORING
    • Article, Illustration
      Lock icon Gangster car gets respect
      534 15  -  The Chrysler 300C Touring has enough room to swallow a canoe, reports SAMUEL EE SAMUEL EE EVEN a "gangsta" needs some extra cargo space sometimes. The Chrysler 300 C, the modern day revival of the American gangster car, has now muscled in with an estate version
      534 words
    • Article, Illustration
      Lock icon The dawn of a new Honda era in Singapore
      519 15  -  By SAMUEL EE HONDA'S first official Civic Type R is just the start of a performance line-up that authorised distributor Kah Motor is planning for Singapore. "Honda is committed to a performance line-up in Singapore," explains Kah Motor product manager Vincent
      ARTHUR LEE  -  519 words
    • Article, Illustration
      Lock icon Maserati's two takes on luxury
      745 15  -  By SAMUEL EE THE Maserati Quattroporte Automatic is the kind of car that will appeal to those who want an Italian saloon that looks sporty but still performs with the creamy smoothness of an espresso macchiato. Since unveiling the Quattroporte Duo Select in 2004, the
      745 words
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  • GOLF
    • Article, Illustration
      Lock icon Staying ahead of the game
      1367 16  -  In golf, as in life, EQ plays a crucial role in honing performance, as JUSTINE MOSS finds out JUSTINE MOSS DOING business on the golf course has long been part and parcel of the game. For both male and female executives, it's a chance to
      REUTERS  -  1,367 words
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      556 16 JioNETREE HILL Vr H* I CmCitliM ITBImIN jMwSmHm RESIDENCE j^ T- RaS I A Premier Home Par Excellence <|Ej|H| Exclusive Sales ft aK Freehold IrffM TOP'2OOB |MH|| m Approx $2450-$2650 psf pN 2 Bedrooms, 1001 sqft 3 Bedrooms, 1130/1227 sqft High Rental Yield I *Cosy Living within an illustrious neighbourhood
      556 words
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  • WELLNESS
    • Article, Illustration
      Lock icon Towards better care for the dying
      1054 17  -  When hope of a cure is all but lost, how do we comfort terminally ill cancer patients? MELISSA HENG reports MELISSA HENG HOW do you look a cancer patient with no chance of a cure in the eye and smile, all the while assuring
      FILE PHOTO  -  1,054 words
    • Article, Illustration
      Lock icon Mimicking breast milk
      713 17  -  CHEN HUIFEN reports on an infant formula manufacturer's attempt to increase the protein level of its milk powder and seeks paediatricians' views on its effectiveness CHEN HUIFEN RESEARCHERS have long acknowledged that human breast milk cannot be duplicated by artificial means. It is a challenge because human
      ARTHUR LEE  -  713 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      367 17 CRYPTIC CROSSWORD across Individuals concealing tem- perature might wear them! 1 Attack from the right, for ex- (8) ample, on minor highway (9) 5 Land belonging-to English na--9 How many school leavers? (7) tion? (6) 10 6 The sort of tree always found wnina ?7) S meth ng h P
      367 words
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  • SHOPPING
    • Article, Illustration
      Lock icon Travellers' retail therapy
      746 18  -  Changi Airport offers a range of shopping experience for passengers with an hour or so to spare, MELISSA LWEE discovers MELISSA LWEE WITH over 35 million passengers going through Changi Airport every year, it's no wonder that a lot of attention is paid to its shopping facilities.
      746 words
    • Article
      Lock icon New shops at Changi Airport
      635 18 Terminal 2 THE LUXURY FASHION OUTLET #026-091 THE Luxury Fashion Outlet, which started operating in January, is a concept devised by the Valiram Group. It's actually a collection of 11 standalone boutiques featuring an array of well-known brands including Bottega Venetta, Fendi, Tods and Shanghai
      635 words
    • Article, Illustration
      Lock icon Zegna to grow accessories business
      331 18  -  That's the focus of its new store in Takashimaya, reports CHRISTOPHER LIM CHRISTOPHER LIM SINGAPORE men are happy to spend more on small leather goods and branded accessories if Ermenegildo Zegna's new store dedicated to accessories and leather goods atTakashimaya is anything to go by.
      331 words
    • Article, Illustration
      Lock icon Go the ultra distance
      142 18  -  By CHEAH UI-HOON RUNNERS can now step into the shoes that ultra-marathoner Dean Karnazes wore when he ran 50 marathons in 50 US states over 50 consecutive days last October. North Face's Arnuva 50 Boa (above) is the mosttalked-about ultra-marathon running shoe, and it'll be available
      142 words
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  • TRAVEL
    • Article, Illustration
      Lock icon The sites of spring
      1323 19  -  Kansai's lesser known attractions are still worth a visit, more so during the spring sakura season, says GEOFFREY EU GEOFFREY EU REGULAR visitors to the Kansai region of central Japan will know all about the three closely connected yet very different cities that form an integral
      PHOTOS BY GEOFFREY EU  -  1,323 words
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  • The Business Times weekend
    • Article, Illustration
      Lock icon Eat, drink and be merry
      1904 20  -  That would be the mantra of informal food clubs, whose members meet regularly to enjoy a meal. JAIME EE finds out what whets their appetites JAIME EE IF YOU ever wondered what restaurant chefs do in the lull period after the lunch service and before
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