The Business Times, 4 May 2007

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Microfilm: NL27707
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Friday, May 4,2007 MICA (P) 202/12/2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon Unit trusts pull in net $l.l7b in first quarter
    433 1  -  Flows into equity trusts strongest, with funds swelling by $758.6m By GENEVIEVE CUA [SINGAPORE] Asset flows into unit trusts in Singapore perked up in the first quarter, as strong equity markets boosted net inflows to the strongest level yet since analysis
    433 words
  • Article
    Lock icon Russian group jostles for ST Telemedia's stake in Indosat
    866 1  -  By LAUREL TEO in Jakarta SOME light has been shed on the recent media and public siege on ST Telemedia over its stake in Indosat, Indonesia's second-largest telecommunications company. According to various sources, the Singapore company may be the target of
    866 words
  • Article
    Lock icon MARKETS DIGEST
    130 1 sn 3,450.64 (+32.83) ST INDEX FUTURES 3/435.00 (+35.00) SIMSO 424.75 (+4.63) SIMSO FUTURES 423.90 (+5.70) MARKETS Thursday Chang* KlCOMP 1.342 79 +20.54 NIKKEI 225 Ckned HANG SENG 20.681.58 +293.09 SET INDEX 709.91 +4^4 JAKARTA COMP 2.025.64 +17,09 MANILA COMP 3.271.53 -0.46 SEOUL COMP 1.559.86 46.56 SHENZHEN B Closed
    130 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      393 2 Tanglin Shopping Centre may hit en bloc trail THE owners of Tanglin Shopping Centre may hit the en bloc trail and could pocket around $500 million, property market watchers say. Some owners have requisitioned an extraordinary general meeting tomorrow to discuss the idea and elect a sales committee.
      393 words
    • Article, Illustration
      Lock icon PM Lee urges US to build up trade links with S-E Asia
      427 2  -  FTA signed in 2003 has boosted trade between S'pore, US by 40% By CHUANG PECK MING in Washington DC SINGAPORE wants the US to build up its trading links with South-east Asia and continue to engage in the
      REUTERS  -  427 words
    • Article
      Lock icon Correction
      44 2 IN "Sing Land pays $336 m for Himiko Court" (BT, May 3), we reported the correct price of $336 million in the first paragraph but gave an erroneous figure of $363 million lower down in the story. We are sorry for the error.
      44 words
    • Article
      Lock icon DBS miffs customers over account closures
      428 3 Several Iranian account holders upset by bank's letters Reuters [SINGAPORE] DBS Group has upset several of its Iranian customers with a notice to close their bank accounts, even though it had apologised to the customers and told them it was all a mistake. In
      Reuters  -  428 words
    • Article, Illustration
      Lock icon Tanglin Shopping Centre may hit en bloc trail
      619 3  -  By KALPANA RASHIWALA [SINGAPORE] The owners of Tanglin Shopping Centre may hit the en bloc trail and could pocket a total of around $500 million, property market watchers say. Some owners have been mulling over a collective sale of the ageing freehold
      ARTHUR LEE  -  619 words
    • Article
      Lock icon Key Singapore economic barometer dips
      558 3  -  PMI at 49.7 in April, but economists expect decline to be short-lived By DANIEL BUENAS [SINGAPOREI After 12 months of continuous expansion, Singapore's manufacturing economy contracted for the first time in April due to lower new orders and declining production levels, although some economists and
      558 words
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      27 2 Our rèsumè includes Fortune 500 companies. JS 7 Woosponso' Irwamationa! Newspaper Sponsor: Organs ma «JO«R©« nan qcimb *»**<*>«> wmm M cb M d,r S acszrmI 1 2 A
      27 words
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      235 3 >• v (t v -.-v. DHL MAKES IMPORTING SIMPLE. 188 m irVTV7SW99 :T.r.zirizr± t V ■LilV/Alifl V wgwwMwap«iTi!j>WJiy--• :,^***** M B B W M I B I mi I B V ii i m H I A BP j? v.- J £a* JT'f* '*> »J* 1 j Jji'* V tfv
      235 words
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  • COMPANY NEWS
    • Article
      Lock icon SGX should raise listing bar
      817 4  -  HOCK LOCK SIEW By MICHELLE QUAH AMID the recent intense market interest in governance standards, it has come as welcome news that the Singapore Exchange may be looking to tighten admission criteria for its mainboard listings. While seemingly counter-intu-itive, stricter listing rules would actually better
      817 words
    • Article, Illustration
      Lock icon Why Keppel is a global superstar: Chee Onn
      515 4  -  Forbes names KepCorp, UOB in report on global high performers By CONRAD RAJ KEPPEL Corporation executive chairman Lim Chee Onn thinks the reason that business magazine Forbes picked out his company as a global superstar was its clear strategy guiding the expansion
      515 words
    • Article
      Lock icon Crude palm oil futures contract to launch in June
      282 4  -  By JANICE HENG SINGAPORE-BASED Joint Asian Derivatives Exchange (Jade) is launching its crude palm oil (CPO) futures contract on June 6. Jade, a commodities exchange jointly owned by Singapore Exchange (SGX) and the Chicago Board of Trade (CBOTj, initially planned to
      282 words
    • Article, Illustration
      Lock icon $700m worth of contracts for MBFC awarded
      427 6  -  Kajima-Tiong Seng consortium is main contractor for commercial towers By ARTHUR SIM CONSTRUCTION contracts worth more than $700 million for the upcoming Marina Bay Financial Centre (MBFC) have been awarded and the principal contractor for the two commercial towers is a consortium of
      427 words
    • Article
      Lock icon SembCorp posts robust Q1 operating results
      489 6  -  By CONRAD RAJ SEMBCORP Industries, which divested its logistics business last year, has produced a robust set of results from continuing operations for the three months ended March 31 thanks to its utilities and offshore marine business. First-quarter net profit after exceptional items fell
      489 words
    • Article
      Lock icon COMPANY BRIEFS
      320 6 New closing date for STATS takeover bid TEMASEK Holdings has extended the closing date for its takeover bid for STATS ChipPAC again. The closing date is now 5.30 pm on May 18, from May 7 previously. Temasek also said it does not intend to extend the offer past
      320 words
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      248 4 ANNOUNCEMENT |Sft| 110 bl6 NOBLE GROUP LIMITED QTOUP (Incorporated in Bermuda with limited liability) The Board of Directors of Noble Group Limited has appointed Dr. Kenneth Stuart Courtis as a Non-Executive Director with effect from 2 May 2007. Dr. Courtis is a leading investment banker and analyst of Asian economies
      248 words
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      11 4 mm J»b6»4*t Pm-nN««,ShhM.4O.4 2ft j M,h« Vfraftw 52. J.M» J Pm»hhl«.tM.7)i
      11 words
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      232 5 f l V ANNIVERSARY i New Ad'IJHH I Congratulations to I I NEC Solutions Asia Pacific I I on your 30th Anniversary! I l Bureau Serve A Private Limited Canon ca Transforming I I UWWmu■ W Delighting You Always -IT Management I THE OPEN ALM COMPANY W W 7 I
      232 words
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      96 6 if bulthaup «*-•<*' r». v. <s< I m I I ■^EBtoßiiS^^til fl >; JR j J I f' j -^vF; j*"^M%%>:^ i -> At bulthaup, we understand the desires of individualists who are fascinated by the sensuality of highquality materials and the aesthetics of form. So this is why, with
      96 words
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      Lock icon Page 6 Advertisements Column 2
      110 6 8,600 Belmont Road 16,300 sqf $12.xM BinjaiPk 19,700 sqf $14.xM Bishopsgate 17,000 sqf $17.xM Bt Sedap 18,000 sqf 18.xM Cable Road 36,000 sqf $27.xM Chatsworth 19,000 sqf $18.xM Chee Hoon Ave 15,000 sqf $13 jcM Cluny Hill 16,000 sqf $18.xM East Sussex Lane 15,100 sqf $15.xM Garlick Ave 13,000 sqf
      110 words
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      364 7 -—fit XratMS ■*-*-<»* A lifestyle encapsulating the ideals of the 'perfect suburban home' and where nature blends seamlessly with the spoils of modern living. This exclusive gated and guarded enclave of FREEHOLD bungalows n T^T ,n8 T °sjj<» aißuioh and semi-detached homes, is an extraordinary landmark community and jl B
      364 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI soars on Wall St high, results season
      513 8  -  STOCKS Index rises 32.8 points to another record, but overall market's gainers-losers score almost even TEH HOOI LING Senior Correspondent A RECORD close on the Wall Street and anticipation of higher first-quarter corporate earnings sent shares in Singapore to yet another record
      Source: Bloomberg  -  513 words
    • Article, Illustration
      Lock icon Untitled
      927 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Up Dawn Uodi Up Down Uwdi Up Down Uwdi Mutti Irvd 5 7 5 0 1 0 5 8 5 Manufacturg 96 67 62 13 14 19 109 81 81 Cammtrtt 32 33 16 6 7 11 38 40 27 Tpt/S tor/Com 15 16
      927 words
    • Article, Illustration
      Lock icon BROKERS'TAKE
      988 8  -  Compiled by MATTHEW PHAN ST Engineering May 3 dose: $3.64 KIM ENG RESEARCH, May 3 ST ENGINEERING posted IQO7 net earnings of $108.8 million, up 22 per cent from IQO6, on the back of a similar 21 per cent rise in turnover to $1.22 billion. Sequentially, however, earnings declined
      Source: Bloomberg  -  988 words
    • Article, Illustration
      Lock icon Euro chalks up fresh high against yen
      464 8 CURRENCIES Reuters [LONDON] The euro hit a record high versus the yen yesterday on expectations that euro zone finance ministers are unlikely to complain about the currency's strength, while the dollar dipped ahead of a US services sector survey. Sources close to the
      Reuters; BLOOMBERG  -  464 words
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  • COMPANY NEWS
    • Article
      Lock icon M&C Hotels earnings double to £12.2m in Q1
      350 9 Bloomberg [DUBLIN] Millennium Copthorne Hotels pic, a subsidiary of City Developments, said first-quarter profit more than doubled as it charged more for its 29,000 rooms. Net income rose to £12.2 million (Ss37 million), or 4.2 pence a share, from £5.6 million, or
      Bloomberg  -  350 words
    • Article
      Lock icon China Print Power prices IPO at 25¢ a share
      453 9  -  IPO WATCH Of the 32m shares being offered, two million are for public subscription By LIN ZHAOWEI CHINA Print Power Group Ltd has launched its initial public offering (IPO) of 32 million new shares for a Singapore Exchange mainboard listing. Priced
      453 words
    • Article
      Lock icon Golden Agri, US firm plan biodiesel venture
      145 9 Bloomberg [JAKARTAI Golden Agri-Resources Ltd, a unit of Sinar Mas Group, Indonesia's largest oil palm grower, and Houston, Texas-based Fulcrum Power Services plan to spend US$6O million on a biodiesel plant, Sinar Mas said yesterday. The plant in Dumai, Riau province, is expected
      Bloomberg  -  145 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      519 9 iftfll noble IQEIf group NOBLE GROUP LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of the Company will be held at 18th Floor, Mass Mutual Tower, 38 Gloucester Road, Hong Kong on 21 May 2007 at 2.30
      519 words
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      Lock icon Page 9 Advertisements Column 2
      73 9 I g ;17n 1141 tr T nu Hona Tan/Rosewood ffiA JZF****) 6pcs Chicken Wing mUt T bte36 48 MM&hu woodSofaSet I J H|H 11 Rosewood Long Table *£Ss?»M ij h Hyh 1 T JfeifsstsrProsperity Sob Rower Stands 40/,*LXls)^^< ssSSSviirJl °hs J| 0 48" 7pcs Dining Sat M^TT 7 Hong Tan
      73 words
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  • SINGAPORE NEWS
    • Article
      Lock icon New fair employment guidelines published
      418 10  -  Reject any form of job discrimination, urges Halimah By VINCENT WEE THE new Tripartite Guidelines on Fair Employment Practices give employers a guide to recruiting staff based on objective criteria while helping them to adopt progressive procedures to give employees opportunities for growth and development
      418 words
    • Article
      Lock icon Income, GE Life, Aviva tender to manage ElderShield
      322 10  -  By GENEVIEVE CUA THREE insurers have submitted bids to manage Elder Shield, a severe disability insurance plan under the CPF umbrella, paving the way for new features and enhancements. The three are NTUC Income, Great Eastern Life which currently runs Elder Shield
      322 words
    • Article, Illustration
      Lock icon Oil product prices seen rising on ExxonMobil fire
      406 10  -  115,000 bpd unit at its Pulau Ayer Chawan refinery closed indefinitely By RONNIE LIM OIL product prices here are expected to spike, traders said, with ExxonMobil shutting down indefinitely a 115,000 barrel per day crude distillation unit (CDU) at its Pulau Ayer
      406 words
    • Article, Illustration
      Lock icon Google opens sales office in Singapore
      485 11  -  Search giant plans to add research capabilities to local subsidiary By WINSTON CHAI MARKET speculation was finally borne out with Google's opening of a sales office in Singapore. The search giant also plans to add research and development (R&D) capabilities to the local subsidiary
      485 words
    • Article
      Lock icon NUS reduces MBA programme to 12 months
      653 11  -  By SIOW LI SEN THE National University of Singapore (NUS) has drastically shortened its MBA programme to 12 months from 22 months amid strong demand for its graduates from international and regional companies. Increasingly, multinational corporations which used to hire Master of Business
      653 words
    • Article
      Lock icon Shops where SPC Golden Shoe used to be
      272 11 THE space vacated by Singapore Petroleum Company in Golden Shoe Car Park earlier this week is to be used for shops and FBtß outlets, the property's owner said yesterday. The car park is owned by Capita Commercial Trust, a real estate investment
      272 words
    • Article
      Lock icon Ascendas builds high-rise factory for food firms
      393 11  -  Space spread out over 284 units will be for sale By ARTHUR SIM ASCENDAS has started to construct a $118 million factory building for use by food production businesses. A total of 72,000 sq m of space spread out over 284 units will
      393 words
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      1455 10 (O) CHEMOIL umiinuwa (Incorporated in Hong Kong) (Company Registration No. *****1) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at East India Room, Level 1, Raffles Hotel Singapore, 1 Beach Road, Singapore *****3 on Tuesday, 29 May 2007
      1,455 words
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      Lock icon Page 10 Advertisements Column 2
      1050 10 CHEMOIL IMMIBMfUWB (Incorporated in Hong Kong) (Company Registratwn No. *****1) t NOTICE OF EXTRAORDINARY GENERAL MEETING )for me p«s»ig w«h or JKut moderations, the tetowing resolutions which wtfbe proposed as ordinary resolutions RESOLUTION 1i ORDINARY RESOLUTION THf PROPOSED —«L OP SHAREHOLDERS' MANDATE POR MIIWIBJ PHON TRANSACHONS That M > .nn™.]
      1,050 words
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      Lock icon Page 11 Advertisements Column 1
      484 11 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff
      484 words
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  • ECONOMY WATCH
    • Article
      Lock icon Thai central bank chief urges interest rates cut
      294 12 AFP [BANGKOK] The Bank of Thailand should cut interest rates faster to spur weak domestic consumption and the country's flagging economy, the head of the Thai stock exchange said yesterday. Vijit Supinit also warned that the country's stellar exports, the backbone of
      AFP  -  294 words
    • Article, Illustration
      Lock icon Deal struck on refurbishing business, investment policies
      517 12 ASEAN MINISTERS' MEETING Overhaul to widen investment guarantees, increase incentives Reuters [BANDAR SERIBEGAWAN] South-east Asian trade ministers agreed yesterday to refurbish key business and investment policies to attract foreign investment in the face of challenges from giant neighbours India and China. In their
      Reuters; REUTERS  -  517 words
    • Article
      Lock icon Hedge fund risks worst since 1998 crisis, says Fed
      362 12 Risks could be concentrated on too few positions Reuters [NEW YORK] Hedge funds may now pose the biggest risk of a crisis since 1998, when the implosion of Long-Term Capital Management (LTCM) threatened the global financial system, the New York Federal
      Reuters  -  362 words
    • Article
      Lock icon BURSA MALAYSIA
      2443 12 VOL my! m w- row) ASM Realty 330 0.05 164 AbncBhd 333 0.01 100 Acp Industries 2.28 0.03 433 Advance Synergy .034 -0.01 1210 Advent* Bhd 1.40 0.03 2350 Ac Multi Hldgs OJS <.01 49 Affin Holdings 237 unch 4961 Ahmad Zaki Resou .3.02 unch 82 AicCorp 331
      2,443 words
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      714 12 IN TNI MATTER Of TNI COMPANIES ACT (CAP. SO) AND IN THE MATTER Of CONTIPAC SHIPPING UNES PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED) (CaafMy Rcgistrotioa No. *****5142N) NOTICE OF MEETING OF CREDITORS Notice is hereby given that a meeting of the creditors of the abovenomed company w! be held at 1
      714 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M'sian firm ventures into coal mining in Indonesia
      449 13  -  Andaman's move comes just as Tenaga quits sector By PAULINE NG in Kuala Lumpur A MALAYSIAN company is planning to mine coal in Indonesia just after another Malaysian company has decided to give up. Malaysian developer Andaman Group has acquired the controlling
      449 words
    • Article
      Lock icon Indonesia, Japan to sign trade pact by mid-year
      414 13 Reuters [BANDAR SERIBEGAWAN] Indonesia hopes to sign a free trade pact with Japan by mid-year, Indonesian Trade Minister Mari Pangestu said yesterday. It will be Japan's first trade pact to include energy. The Indonesia Japan Economic Partnership Agreement will eventually end import
      Reuters  -  414 words
    • Article, Illustration
      Lock icon Binariang confirms RM39.9b buyout offer for Maxis
      738 13  -  Deal prompted by desire to accelerate telco's growth at home and abroad By S JAYASANKARAN in Kuala Lumpur BINARIANG GSM, a private company controlled by tycoon T Ananda Krishnan, yesterday confirmed that it is making one of Asia's largest ever corporate buyouts bv
      BLOOMBERG  -  738 words
    • Article
      Lock icon Indonesia to boost spending on infrastructure
      78 13 Bloomberg [JAKARTA] Indonesia will spend "significantly" this year and the next on building roads, ports and power plants. President Susilo Bambang Yudhoyono said. "Indonesia will achieve growth equality by spending on infrastructure projects," Mr Yudhoyono said yesterday in Jakarta. Infrastructure spending will "boost peoples'
      Bloomberg  -  78 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      108 13 Sales automation software should tell you everything you need to know about your customers. Surprisingly, many other customer relationship management solutions do not. Net Suite gives you ~%pl complete visibility into your customers, so you can upsell, crossand manage the entire customer life cycle. ||^HL With you can truly you
      108 words
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  • GREATER CHINA
    • Article
      Lock icon Shaw Brothers quashes talk of takeover
      453 14 Stock briefly hits record high before retreating Reuters [HONG KONG] Speculation that movie guru Run Run Shaw may sell his Shaw Brothers (Hong Kong) Ltd firm ahead of his 100 th birthday in October briefly propelled shares to a record high yesterday. The stock
      Reuters  -  453 words
    • Article, Illustration
      Lock icon Macau loses shine following violent May Day clashes
      595 14  -  Fast economic development appears to be coming at a hefty social cost By JANE MOIR in Hong Kong THE "Las Vegas of Asia" lost some of its lustre this week as violent clashes between residents and police underscored a growing discontent with
      AP  -  595 words
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  • INDIA
    • Article, Illustration
      Lock icon Mittal to join Standard Chartered board
      215 15 [NEW DELHI] Bharti Enterprise chairman Sunil Bharti Mittal has been appointed as independent non-execu-tive director on the board of global banking firm Standard Chartered pic with effect from August 1, Press Trust of India reported. "Sunil is one of the India's most successful and
      FILE PHOTO  -  215 words
    • Article
      Lock icon India, China border trade pass reopens early
      344 15 AFP [GUWAHATI] Asian giants India and China have reopened trade via a famed alpine Silk Road route a month earlier than scheduled in response to demands from businesses on both sides, a local official said yesterday. "Trading was earlier scheduled to begin June
      AFP  -  344 words
    • Article
      Lock icon 5 new players for India's life insurance market
      457 15 Foreign firms may include Scor, QBE, Samsung Life, Millea Holdings The Economic Times [NEW DELHI] India's insurance space is hotting up with at least five new entrants in the private life insurance market. The impasse over the hike in foreign direct investment
      The Economic Times  -  457 words
    • Article
      Lock icon Global finance firms seek to expand reach in India
      367 15 Temasek's Fullerton drawing up plans to open 400 branches The Economic Times [MUMBAI] Top global financial firms which have acquired a foothold in the Indian non-banking finance companies' (NBFCs) segment are now pursuing an aggressive strategy to expand their reach within
      The Economic Times  -  367 words
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      145 15 B gamuda land vW w presenting Real Estate Investment Forum on Malaysia's New Southern Region Growth Corridor Introducing Horizon Hills at Nusajaya, Iskandar Development Region (IDR) DAY 1 12 th May 2007 (Saturday) TIME 10.00 am 12.30pm Real Estate Investment Talk 12.30pm 6.00pm Preview of Horizon Hills, The Residential Core
      145 words
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      Lock icon Page 15 Advertisements Column 2
      119 15 Fares shown are per person for a round trip on Business Class Promotion Period f'orr 27th April to 15th May 2007 Ticket must be issued within 7 days upon confirmation of booking or by 15th May 2007, whichever is earlier. Travel Period is from Ist May to 30th September 2007
      119 words
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  • MIDDLE EAST
    • Article
      Lock icon Efficiency pares need for extra oil: S Arabia
      514 16 Kingdom remains on track to meet target of 12.5m bpd by end-2009 Reuters [RIYADH] Top world oil exporter Saudi Arabia has said that further expansion of its production capacity may not be needed beyond 2009 as consumers grow more energy efficient and
      Reuters  -  514 words
    • Article
      Lock icon Iran welcomes honest dialogue with US, says Ahmadinejad
      319 16 AP [TEHERAN] Iran would welcome talks with the United States on the sidelines of a conference on Iraq's future in Egypt, President Mahmoud Ahmadinejad said on Wednesday. Speculation has swarmed over whether US Secretary of State Condoleezza Rice would meet with her
      AP  -  319 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      1809 16 UNIT TRUSTS FUNDS a™, incomes USD &W OW5 M W R9t> NC EWt 18Umn«JW gMfc MM| 'ig gISiS? M dW j^| is "?gg ggMS«ngz: sg sgsggp tg ssSsassf= 'sa; tsssssss* UN hjmi Asfcet W9I !S porr> ABEwop Income AT SGO.."- 1S» 0*SOob*A®miCEU» HM»W 3S2£aSwTU»ZZ U1» 18 W» UStoGMMUSOA lOT* UjdG»P«>hrtr
      1,809 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      88 16 Allianz Global Investors one of the world's largest asset managers with more than US$1.2 trilion assets under management as at 31 December 2006. WjgL FOR US, IT'S THE SILVERWARE IN mßmit mHL* your pocket that matters most. I 11 i' "v |jfim A$ a winner of the Standard Poor's 2007
      88 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon UBS closes Dillon Read hedge fund arm
      565 17 Unit is latest casualty of US subprime mortgage market Reuters [ZURICH] Swiss bank ÜBS shocked investors by announcing the closure of its Dillon Read hedge fund arm, which was hit by losses in the US subprime mortgage market. The bank also reported lower
      Reuters  -  565 words
    • Article
      Lock icon Just one Shin shareholder to be prosecuted
      437 17  -  Shin shares up 9.7%, AIS shares up 5% on news By OUR CORRESPONDENT in Bangkok AFTER more than 15 months of uncertainty, investors in Shin Corp had something to cheer about yesterday as shares in the Thai telecoms conglomerate rose sharply, following reports
      437 words
    • WORLD WATCH
      • Article
        Lock icon Las Vegas Sands Q1 net down 25%
        150 17 AP [LAS VEGAS] Las Vegas Sands Corp said on Wednesday that its net profit for the first quarter fell 25 per cent from a year ago, saying expenses increased due to planned casino openings in Macau, Singapore and the US. Net income dropped
        AP  -  150 words
      • Article
        Lock icon Refining boosts Shell's Q1 profit 6%
        71 17 Bloomberg LONDON] Royal Dutch Shell, Europe's biggest oil company, said first-quarter profit rose 5.7 per cent as it earned more from refining crude into gasoline and diesel. Net income climbed to US$7.28 billion from US$6.89 billion in the year-earlier period, The Hague-based company said.
        Bloomberg  -  71 words
      • Article
        Lock icon US regulator uncovers E&Y shortcomings
        105 17 Bloomberg [NEW YORK] Ernst& Young did not catch errors that were probably relevant to companies' financial statements, the federal regulator that oversees accounting firms said. E&Y, one of the four largest US accounting firms, also failed to perform certain "necessary" audit procedures in the audits
        Bloomberg  -  105 words
    • Article
      Lock icon Court orders ABN Amro to freeze sale of US unit
      465 17 ABN told to seek shareholder approval for US$2lb sale AP, Reuters [AMSTERDAM] A Dutch court yesterday ordered ABN Amro to freeze the US$2l billion sale of its US subsidiary LaSalle to Bank of America Corp, saying the company must seek
      AP,; Reuters  -  465 words
    • Article
      Lock icon Game open as Dow Jones board plans no action
      691 17 NYT, AP [NEW YORK] Investors are betting that Dow Jones Co is now firmly in play, even though the board said on late Wednesday that it would not consider Rupert Murdoch's US$5 billion bid for the company. In a brief statement
      NYT,; AP  -  691 words
    • Article, Illustration
      Lock icon Bets on Dow Jones options spark suspicion
      478 17 NYT [NEW YORK] Did word of Rupert Murdoch's offer for Dow Jones leak out early? On April 25, less than a week before the US$6O-a-share offer was publicly disclosed, an investor bought an option to buy 280,000 shares of Dow Jones for US$4O
      NYT; BLOOMBERG  -  478 words
    • Article
      Lock icon April sees growth in service industries
      321 17 LATEST US DATA Reuters, AP [WASHINGTON] The US service sector expanded at a faster rate in April than in the previous month, a trade group said yesterday, reversing two months of sluggish activity. The Tempe, Arizonabased Institute for Supply Management, an organisation of corporate
      Reuters,; AP  -  321 words
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  • AVIATION
    • Article, Illustration
      Lock icon Tiger Airways picks Melbourne as its Australian base
      697 18  -  It will spend A$10m to set up Australian unit, will recruit 1,000 employees By VEN SREENIVASAN [SINGAPORE] Tiger Airways will set up its Australian base at Melbourne's Tullamarine Airport, the city's main domestic and international gateway. Tiger chief executive Tony Davis told
      FILE PHOTO  -  697 words
    • Article
      Lock icon SAS Q1 pretax loss narrows, upbeat on prospects
      245 18 Reuters [STOCKHOLM] Scandinavian airline SAS posted a smaller-than-expected first-quarter pretax loss yesterday and repeated that it saw no sign of a slowdown. The group reported a pretax loss 0f477 million Swedish kronor (SsloB million) versus a forecast for a loss 0f666 million
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    • Article
      Lock icon SIA to raise fuel surcharge by up to 11 % from May 9
      284 18  - SIA to raise fuel surcharge by up to 11 from May 9 By VEN SREENIVASAN [SINGAPORE] SINGAPORE Airlines is hiking its fuel surcharge for the second time in as many months. Citing "sustained escalation in the price of jet fuel in recent months", it said that it would increase its
      284 words
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      Lock icon Qantas bid may fail if acceptances fall short of 50%
      639 18 AFP [SYDNEY] A private equity bid for Australia's iconic airline Qantas will fail unless a late rush of shareholders accepts the offer before it closes today, figures posted by the consortium showed yesterday. Airline Partners Australia (APA) said shareholder acceptances
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2339 18 an HJCHT ITA HJWfT ITD AhaPtaM SQ455 1230 flllrilUl LH9771 1750 LH9770 2345 SO268 1750 SQ269 2345 Ahmadabad SQ531 0740 Amsterdam *****1 0630 AZ3993 2245 SO323 0630 KLB38 2245 AZ3992 1555 L***** 2345 KL837 1555 SQ324 2345 SO348 0100 AC5202 2335 AC?203 0645 UAS95 2335 UA896
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      Lock icon Korean Air Q1 net profit up on higher volume
      444 18 Expansion, yield improvement cost control cited AP [SEOUL] Korean Air Co said yesterday that its firstquarter net profit rose 2.7 per cent on gains in international passenger and cargo traffic. Operating profit surged. South Korea's largest airline earned 130.8 billion won
      AP  -  444 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Sembawang's new West Yard doubles fabrication capacity
      536 19  -  Group spent $130m to acquire land, another $50m to enhance facilities Reports by DONALD URQUHART [SINGAPORE] Sembawang Shipyard officially opened its new West Yard expansion yesterday, doubling its fabrication capacity with a valuable 50 per cent gain in yard space as global offshore
      536 words
    • Article
      Lock icon Shell's shipping arm eyes shipyard alliances
      365 19 [SINGAPORE] The shipping arm of Royal Dutch Shell is seeking to expand its strategic shipyard alliances around the world following the growth of its business and the success of partnerships with yards in Singapore and France. With a repair and refit alliance between Shell
      365 words
    • Article
      Lock icon UK govt held liable for past port workers' welfare
      771 19  -  ADMIRALTY CASEBOOK By SELVA KUMAR THE UK Department of Trade and Industry, being the statutory successor to a defunct post-war port labour scheme, may now find itself being held liable for the death or suffering of port workers exposed to asbestos
      771 words
    • Article
      Lock icon PTP wooing Indian firms to boost presence in country
      335 19 It targets cargo owners, shippers, logistics providers Bernama [JOHOR BARUI Malaysia's largest container port, Port of Tanjung Pelepas (PTP), has embarked on a roadshow in India aimed at enhancing awareness of the port's position as a major transshipment hub of the
      Bernama  -  335 words
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      35 19 I s£? jo win E V WBBoi Waf J| (Total Jorth over $10,000) YOUR CHOICE INFOTAJNMEKT STATION {^@3 Radio 100.3 is managed by SPH Union works, a subsidiary of §V Singapore Press Holdings m r
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      1012 19 CATS NOTICES IN THE MATTER OF THE COMPAMES ACT (CAP. 50) AND H THE MATTER OF JUST INTERNATIONAL (SINGAPORE) PTE LTD (In Member*' Voluntary Liquidation) (Co.Reg. No. *****5035 M) NOTICE OF RESOLUTION At an Extraordtoaiy General Mee#ng of toe members of toe stoowenamed Company duly convened and held pursuant to
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  • EDITORIAL & OPINION
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      Lock icon The need to train private bankers
      510 20 EDITORIAL THE rounds of musical chairs being played out in Singapore's wealth management sector with private bankers a hot commodity as banks compete to woo Asia's seriously rich is sometimes mistakenly taken as positive proof oT the growth of the industry. The reality is
      510 words
    • Article, Illustration
      Lock icon Immigration system in US needs sense and decency
      696 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Croup AMERICA'S stalled immigration debate needs more common sense and more common decency. Our immigration system is unquestionably broken. It encourages illegality, frustrates assimilation and barely aids the economy exactly the opposite of
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      Lock icon Asia's central banks must cooperate
      749 21  -  The region needs genuine exchange rate coordination to manage the appreciation of its currencies against the US dollar By FREDERIC NEUMANN ANOTHERAsean+3 finance ministers' meeting looms this weekend at the sidelines of the annual meeting of the Asian Development Bank (ADB) in Kyoto. Among the
      AFP  -  749 words
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      Lock icon Companies rethinking recruitment methods
      748 21  -  By JUSTINA LIOW THE labour market in Singapore is tight and starting to overheat, and that is forcing companies to rethink their recruitment strategies. This is one of the main findings of Europhia's 2007 International Recruitment and Training survey. This report for the logistics and supply
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      Lock icon Catching the commodities wave
      1136 20  -  Investors cite 1920s theory in saying that the rally in commodity stocks is only just beginning By MALCOLM SCOTT Bloomberg RUSSIAN economist Nikolai Kondratiev argued in the 1920s that commodities move in 50 to 60-year cycles. His analysis suggested prices would rise early this century. They
      Bloomberg; AFP  -  1,136 words
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      84 21 BTSfiev* i j Enjoy a Korean feast at only $38+++ (usual $60+++) at the Crystal Jade Ginseng Chicken B6Q Restaurant at The 6 Centrepoint. With a delectable array of dishes to choose from, "m this is an offer you wouldn't want to miss. r ij To take advantage of this
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      34 21 Lianhe Zaobao I Total profits topped I I NTsB4.3b last year I I listed I I Taiwan I I firms' I I China I I investments I I I I &m.tm&m I |gg|3*wgs I
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  • Article
    Lock icon SINGAPORE STOCKS
    10645 22 SGX MAINBOARD Transaction date: May 3 S2-M T«l Last Vol Day Last Quote Mr GiYM MM MCap Htgh Low Cod* Company Sato COOP) W» Low 8<iy«r Sdtor On W W 35 2 5716 1st Software 2 susp 8.1 15 6 3148 STelecom 14xd unch 1796 14.5 13.5 13.5
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  • Article
    Lock icon FINANCE & COMMODITIES
    7496 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In St la US$ dy yr dy yr dy Xyr May 2 Index Change Changa Change Change Change Change World Index Preliminary ***** 0.7 53 1.0 63 0.6 6.9 t EAfEPreiniinav ***** 0.7 5.9 03 71 05 73 Europe Preiminatv
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      1316 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NOl/SAV y Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIPPLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination VOYAGER V DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT PAN BRIGHT JDH/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia
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      647 24 ItNTERASIA RORO SERVICE vßsa/vor rampoto hbghtpr) m raj ui sm *t SMTSVEKTUKI 15 4J 04/05 01/05 STWJTSVWTUK2 1$ «J 11/05 17/05 20/05 22/05 [AUSTRALIAN RORO lOVW I vtssa/vor mwo) «Gwnw) ta m m stp mb ape remvtifAoa/oof 100 To oun/m 2222/04 24-24/04 2*27/04 2*21/04 os-03/05 *****1/0U 100 Sill 21-21/04 05-05/05
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  • Page 25 Advertisements
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      1588 25 WAN HAI MTKNAHONAL PTE LTD a NOt ***********/1 i||B |i m a 1H:*****581 (14IMS) FAX:*****163 M 4 > WAN HAI I INF\ t"—'S^/m**n**L*-n500)622*1200 V Ilftll llnl klllkl# mn:ff|SM«IMIU:|n)3MnMni«:MnUNtIU:M22WWf Y JOHIH: (07) 251M23 MX: |07)251tf2! SIX 10: (031) 3WS47S HUL (031) 1W2714/ J7913C4 L-s JtTIE;(mi)SIS4HIHUL(O2I) WITH;7IUM/***** HUL*****1 »»w.in...i.iw.n M: Qtl) 4157W3
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      1364 25 |~jr\ EASTERN CAR LINER, LTD —I I SPEQAIIZE IN RORO HEAVY UFT UPTO 450 TONS VOT »—ffT) tfthrfHT) S)W I WL I rww 1 JKT I KUU LO IHSAAZUL M 35 10 05/BS 07/DS 11/05 MHtUONAg 37 30 04/D5 W/05 OBOIIWS M 35 M H/55 u7ss ***** SAMBWAAQ 71A 15
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      622 25 m S3£fS& WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS ffSSE I WT I SW I MUX, COtMtfO II SHEW COIOMIC lAHT GAHDHI 01I3W 24 AW ?S AW Alt 07MY 06 MAY MAOTA am 01 MAT 07 MAY 05 MAT WHAT 13 MAT BHAWHUHHAII TfHOt;
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      4595 26 This ETA ETA Advertiser Vessel Voy«9« Telephone SIN Desfn Name Name Number Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 14/05 17/06 Delmas VERONIQUE DELMAS 720W *****344 22/05 25/06 Delmas DELMAS CAMEROUN 721W *****344 22/05 02/07 Delmas DELMAS CAMER0UN 721W *****344 30/05 06/07 Delmas DELMAS
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      446 26 IRISL, Qlh® Sua 9fo® /MUMsN® sx&mptta (SQifg)® AtfhtfDwgjlh MM off d&slflifys) {fexr Q® fijolkiftKs] 3m ©s wsQll ©S 9® (§o3o§O G&ymQijifos Hon Qfh® ifai3Q®3i} Otfflimft) 9Qmso SIH6APORF IfIUMAI iwa AGENT IN SIHGAPOBE: AGENT IN MALAYSIA: AGENT IN INDONESIA: IBl«l «l* PTP lTn SINOSE MARITIME PTE LTD BOUSTEAD SHIPPING AGENCIES SDN
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      384 26 iFTjr jf/;; -jfc— Wrn fg —?Ts3B vim —pffii fumu ww iifii! MWU IWH mi M/M ttimu __l__Wj_—L h. J. i c. a» m —fc —fr 111 11 IPB M-MI-Uijjj T i i g?« 1 fiSZ laiteigy!* iw A l w\ ass™* BEE p iiS SI b« Ha h BSolUc 103
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      325 26 lIIL GLORY NAVIGATION GROUPI (sma i*7o I I OWNS A OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING I THE ENTIRE ASIA PACIFIC PORTS I B REGULAR WEEKLY SERVICES: KAOHSIUNO A CHINESE PORTS, HONG KONG I TO A FROM I I SOUTHEAST ASIA J SMGAPORE MAP WOOH
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  • executive lifestyle
    • Article, Illustration
      Lock icon You too, can buy an island
      1731 28  -  If you can afford a car, you can afford to buy an island —with maybe a little compromise brokers tell CARMEN ROBERTS CARMEN ROBERTS ALM trees swaying in the breeze, waves lapping at the *1 I I shore just metres from your deckchair and
      1,731 words
  • Page 28 Advertisements
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      95 28 HIEHi ARTS Tapping the images of the past PAGE 30 More Amazing Grazing Singapore's most stylish and beautiful Sunday Brunch Just keeps getting better. Discover why It's the only place to be for branch... and discover el fresco adventures and buffet ,S that goes beyond, set to a soundtrack of
      95 words
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  • PURSUITS
    • Article, Illustration
      Lock icon Blood, gore and brotherhood
      546 29  -  CINEMA Irish war drama is a grim mirror of real-world events, writes CHRISTOPHER LIM CHRISTOPHER LIM If gritty war dramas are your cup of tea, then you'll likely find The Wind That Shakes The Barley a well-executed yarn. The Palme d'Or-winning film at the 2006 Cannes
      546 words
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      Lock icon Another responsible romp, but nothing much else
      691 29 MUSIC Gill Me Irresponsible Michael Buble Warner/Reprise Reviewed by BEN MUNROE CANADIAN crooner Michael Buble has been quoted as saying that, with this CD, he wants to move from the jazz to the pop section in record stores. He also talks about taking
      691 words
    • Article, Illustration
      Lock icon Bernie sticks to the heartlands
      781 29 NIGHT OUT PERSONALITY BERNIE Utchenik, better known these days as "Botak Jones", nearly fell into bankruptcy with an ill-fated venture in Boat Quay, but is back in the booze business, with an outlet at a factory canteen next to Singapore Press Holdings' News Centre at
      ARTHUR LEE  -  781 words
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      Lock icon Masterly, note perfect portrayal of the Queen
      323 29  -  DVD By PARVATHI NAYAR THE Queen, or rather Helen Mirren, has swept pretty much every acting award for 2006, including the most coveted of them all, the Oscars. And quite rightly so. Mirren's portrayal of Elizabeth II in Stephen Frears's latest, the eponymously
      323 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      172 29 CRYPTIC CROSSWORD 23 Twist county's oarsmen (9) H H H jfljj embassy revealing DOWN 1 Catch parent out (6) 12 Smart Aleck in neat footwear YESTERDAY'S SOLUTION 2 Republic created by remark- (6.5) Across: 7 Sovereign, 8 Bored, to able Romanians (3,6) 15 Dug up part of chateau near Vehement,
      172 words
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  • ARTS
    • Article, Illustration
      Lock icon Tapping the images of the past
      909 30  -  Zeng Fanzhi tells CHEAH UI-HOON about the influences that shaped his art CHEAH UI-HOON IN CHINA'S seemingly unstoppable move towards a market economy, discussions about political ideology and the country's political past appear to have taken a back seat. "Everyone's talking only about development;
      909 words
    • Article
      Lock icon Eating while watching getting more popular here
      493 30  -  By CHRISTOPHER LIM WHY rush off after dinner for post-meal entertainment when you can enjoy both at the same venue? Integrated dinner-entertain-ment concepts have been doing well in Singapore, with not only expatriates getting in on the action, but locals, too. The Crystal
      493 words
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      Lock icon Foreign movies galore in May
      429 30  -  By CHRISTOPHER LIM THE Singapore International Film Festival may have just ended, but foreign film buffs can look forward to a continuing diet of movies, such as those in the New Zealand Film Festival 2007 and the movies component of the Voilah! French Festival Singapore
      429 words
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      183 30 Diners Club Card t» apply, can64l6 0980 A World of Exclusive Privileges Treats Diners Club JHUUH9 wxcuxJiners.com.sg International' indulge Every table with a minimum of 6 adults having the dinner buffet will receive one complimentary bottle of wine!* RESERVATIONS: 6432 5567 "Promotion till 30 April 2007. Offer is not valid
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      40 30 AN EXCEPTIONAL MOTHER'S DAY MERJTUS MANDARIN Let your precious little ones express their love by designing you a lovely cake. Available with lunch at Pine Court, Triple 3 and Top of the 'M\ Asian Grace, Warmth and Care www.mandarin-singapore.com I
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  • WINE
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      Lock icon First Growths 1994 worth a second look
      863 31  -  N K YONG has a soft spot for 1994 and savours the encounter with the 1994 First Growths N K YONG THE invitation from Devin Kimble of Brewerkz to join him at Wine Garage for dinner with 1994 Bordeaux First Growths was not
      863 words
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