The Business Times, 7 May 2007
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2007-05-07
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The Business Times
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Title Section20 2007-05-07 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION Monday, May 7,2007 online at http://business-times.asial.com.sg MICA (P) 202/12/2006 SINGAPORE 85 cents20 words
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960 2007-05-07 1 JANICE HENG TETTYANA JASLI - Wages are up in banking, IT; but positions growing faster than qualified labour pool By JANICE HENG TETTYANA JASLI [SINGAPORE] Some sectors of the economy like banking and IT are hot so is the demand for professionals to fill the960 words
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Article132 2007-05-07 1 MARKETS W««k Chg* sn .3485.76 +87.16 KLCOMP *****0 +38.63 NIKKEI 225 *****.92 -5.49 HANG SENG .*****.08... +314.58 SET INDEX 716.44 +2133 JAKARTA COMP ...*****7 +13.69 MANILA COMP ....3278.48 -39.90 TAIPEI TAIEX —na SEOUL COMP 1567.74 +2532 SHENZHEN B .624.80 +32.26 AUST ALL ORD *****0... +***** DOW JONES *****.62132 words
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465 2007-05-07 1 RONNIE LIM - Crunch due to rising demand, limits on more pipeline gas imports By RONNIE LIM [SINGAPORE] Singapore could face a natural gas supply crunch in the next couple of years. Demand will grow, as new petrochemical complexes come up. But supply is limited as465 words
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Page 1 Advertisements
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Advertisement84 2007-05-07 1 TOUGH JOB :W%!W ■R <Hl COMPANIES Which telco can Sing Tel afford? PAGE 5 NEWS ANALYSIS Is solar the next biomed? PAGE 4 Cmezza9 features 100% organic menus during lunch and dinner. discover fresh and high quality organic ingredients direct from farms in austraiia and europe. acquire new healthy ideas84 words
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Advertisement11 2007-05-07 1 ADB MEETING Finance ministers agree to pool foreign reserves PAGE 1211 words
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Advertisement14 2007-05-07 1 m WARREN BUFFETT fju Berkshire ready to buy big business lillllllllll 8 '*****1 *****4"14 words
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Advertisement42 2007-05-07 1 VIEWS FROM THE TOP CEOs on wooing the super-rich pages 14 15 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account.42 words
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TOP STORIES
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Article, Illustration446 2007-05-07 2 MATTHEW PHAN - Both have been seeking possible collaboration with other bourses By MATTHEW PHAN [SINGAPORE] Dubai International Financial Exchange (DIFX) and the Singapore Exchange (SGX) are in talks on possible collaboration, BT understands, though neither will confirm it officially. Possible collaboration wasREUTERS - 446 words
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310 2007-05-07 2 AFP. Bernama [JAKARTA] Indonesian President Susilo Bambang Yudhoyono was holding meetings with his ministers ahead of the official announcement of his new Cabinet line-up today, an official said yesterday. "Ministers that are on the way out and those assigned to new postsAFP.; Bernama - 310 words
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Article416 2007-05-07 2 Solar power the next big thing for S'pore? CLEAN energy could be a major engine of Singapore growth by 2015, said National Research Foundation chairman Tony Tan. Judging from the biomedical sector's track record, that is not improbable pharmaceuticals and their like accounted for 6 per cent of416 words
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Article, Illustration930 2007-05-07 4 MATTHEW PHAN - NEWS ANALYSIS After decades of gradual technical progress, demand is set to take off By MATTHEW PHAN [SINGAPORE] The next five to ten years will be a golden period for Singapore, chairman of the National Research Foundation Tony Tan said at theLIANHE ZAOBAO - 930 words
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Article, Illustration584 2007-05-07 4 JANICE HENG TETTYANA JASLI - Pay and career, prospects are two key factors By JANICE HENG TETTYANA JASLI [SINGAPORE] Higher wages and better career progression are two key reasons why Singaporean professionals are willing to move overseas to work, according to headhunting firms. As Sam Belcher, manager of Ambition Careers,REUTERS - 584 words
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Page 2 Advertisements
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Advertisement193 2007-05-07 2 people Clients wanted. (Only excellent companies need apply) www thepeopleat work com Asia Pacific Executive Se.vch TIX T"1 AO T TTi T"* WHEN BUSINESS BECOMES PLEASURE. sjtjj Ijp-flk j/A tBMKI, Ull f ,ri: i^M^-f-'i'fo' v< »*»gjf V r il&&!^S£l¥^&£§£& Welcome to a new level of style and comfort. We commissioned193 words
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ENTREPRENEUR INSIGHTS
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Article, Illustration914 2007-05-07 3 OH BOON PING - More Singapore firms, including those in F&B, furniture and interior design, are opening overseas units, reports OH BOON PING OH BOON PING FACED with a rapidly saturating market here and the need for business growth, more Singapore companies are increasingly expanding overseas much earlier than914 words
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Article, Illustration1083 2007-05-07 3 INSEAD's Perspective FOR home-grown Asian entrepreneurial ventures, the decision to go beyond local confines is no longer one that becomes relevant only after the business has stabilised its presence in its home market. In recent years, many entrepreneurs have begun to consider the option of internationalising theirSouce: INSEAD innovAsia - 1,083 words
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Page 3 Advertisements
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Advertisement84 2007-05-07 3 PUFHIT 11 Eotreprencur Insights is brought to you through the collaboration of The Business Tunes, Credit Suisse and INSEAD. The content is based on the "Growth Challenges for Asian Entrepreneurs" research programme, performed by InnovAsia, the applied I NS E AD business research unit of INSEAD. Both this series and84 words
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Page 4 Advertisements
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Advertisement285 2007-05-07 4 Gg/ prepared to grab the global opportunities in Islamic Banking Finance Workshop objectives: This two-day workshop will provide an overview of Islamic Banking, Finance and Economic concepts; principles behind Islamic Banking products; operations of sukuk (Islamic bonds), ijarah (Islamic leasing) and other Islamic trade financing products Our workshop leaders from285 words
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Page 5 Advertisements
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Advertisement145 2007-05-07 5 Dreams are good Realities are better What if today were Someday? The day you got to buy your dream house. The day you got to take your company global. Or the day you got to start your own business. Well, today is Someday. Because no matter what your dream is,145 words
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COMPANY NEWS
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Article1008 2007-05-07 7 TEH HOOI LING - Rowsley better wait and see HOCK LOCK SIEW By TEH HOOI LING INVESTMENT company Rowsley's announcement last week that it was buying China's solar energy company Perfect Field Investment for $2.7 billion in a reverse takeover (RTO) deal created quite a number of sceptics in the market. For one thing,1,008 words
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386 2007-05-07 7 MICHELLE QUAH - Earnings fall on higher costs arising from investments By MICHELLE QUAH MICRO-MECHANICS (Holdings) Ltd, a manufacturer of precision tools and consumable parts for the semiconductor assembly and test industry, saw its net profit for the third quarter ended March 31, 2007, narrow to386 words
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282 2007-05-07 7 [KUALA LUMPUR] Fraser and Neave Holdings Bhd (F&N), a unit of Singapore-listed Fraser and Neave Ltd, will invest some RM342 million (*****.85 million) within the next three years to build a new dairy plant following the recent acquisition of the Nestle group's282 words
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Article, Illustration1560 2007-05-07 6 OH BOON PING - Telco's move to grow investments in Central Asia and the Middle East appears to be easier said than done. OH BOON PING looks at the prospects and challenges as it seeks to expand abroad OH BOON PING THE quest for double-digit earnings growth has drivenSower Business Monitor International - 1,560 words
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Page 7 Advertisements
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Advertisement94 2007-05-07 7 mm ryi m fJI Elk Bjfc c.. '5* jSl| hM BBSs t^a. your legacy his readiness your preparations our counsel 'V V J '/< '.*■•?> .s■'■'.<■/'' Preparing your children for the responsibilities of life is an important duty. Be it taking over the family business or facing the challenges that94 words
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SINGAPORE MARKETS
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Article2236 2007-05-07 8 ii m £5! 3l rrekcommti f usoiibta 034% 0*4% 1*4% AAGfp f tm A%HM» F a» OM% "4% ADtHMos S 050 004% 114% 2»4% Action Am 020 034% 0*4% 174% nifcmlrtl MO 074% 1*4% 1M» nrlaimab Hi OMtn i*4% 55T AdwnceSCT 1 M» 074% AdmnodHMp aii corp «~5S2,236 words
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Article425 2007-05-07 8 STOCKS AFP Bloomberg Reuters SHARE prices are likely to trade higher this week on expectations of strong corporate earnings amid robust economic growth, dealers said. Investors' mood was lifted by DBS Group's 19 per cent jump in first quarter net profit to $617 million lastAFP; Bloomberg; Reuters - 425 words
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490 2007-05-07 8 AFP [HONG KONG] Asian currencies mainly weakened against the US dollar this week, on subdued activity as many markets closed for public holidays. Japanese yen: The Japanese yen continued to slide, weighed on by strong US data boosting the dollar. The yen stood at 120.29AFP - 490 words
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Article, Illustration2035 2007-05-07 8 Consensus No.of Forecast Mean Fri's recommendation esti- EPS P£ target price Company name This wk Lastmth mates (cents) (ratio) price Allco Commercial REIT 1.33 1.33 6 5.06 25.09 1.50 1.30 Allgreen Properties 2.67 2.78 9 8.06 23.32 1.61 1.79 Allied Technologies 2.50 2.50 2 1.30 10.77 0.14 0.142,035 words
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Article, Illustration1464 2007-05-07 9 TEH HOOI LING - TEH HOOI LING Senior Correspondent After a rather weak fourth week of April, the market saw a strong resurgence in the first week of May with indices around the world scoring new highs. The Singapore market was no exception and the Straits1,464 words
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Article, Illustration1231 2007-05-07 9 ROBERT HALILI - INSIDE MARKETS Buyers outweigh sellers with 23 companies recording 51 acquisitions worth $112m, writes ROBERT HALILI ROBERT HALILI AFTER two weeks of lacklustre activity, trading by directors and substantial shareholders surged during the holiday shortenedweek of April 30 to May 4 with1,231 words
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DINING OUT
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Article, Illustration548 2007-05-07 10 A special promotional spread offers wholesome dishes with sprinkles of musical-sounding ingredients from New Zealand PROMOTION Whitebait Kale 10rchard Boulevard, Camden Medical Centre, «01-01 Tel: 6333 8697 FOR all of its exotic-sound-ing, double-named ingredients flown in from New Zealand items like548 words
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Advertisement2555 2007-05-07 10 LOW KENG HUAT (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) Registration No. *****0209G NOTICE OF THIRTY-EIGHTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Eighth Annual General Meeting of the Company will be held at Chymes Hall, 30 Victoria Street, Singapore 1879% on Tuesday, 29 May 2007, at2,555 words
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Advertisement278 2007-05-07 10 (gyp) INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA t^T (Company No. *****7-P) FOR THE EXPANSION OF INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA PROJECT PHASE II (Project No. MA -100) Procurement of Laboratory and Teaching Equipment International Islamic University Malaysia (MUM), through the government of Malaysia, has received financing of U5D25.709 million from the Islamic Development278 words
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SINGAPORE NEWS
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707 2007-05-07 11 ANNA TEO - Firms want to retain some strategic functions like compensation policy By ANNA TEO ALTHOUGH companies have embraced outsourcing to keep lean, there are some functions, such as compensation policy, that most would rather not hive off. And this has spawned a spin-off that is707 words
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Article, Illustration534 2007-05-07 11 CHRISTINE SIM - By CHRISTINE SIM ASIA is headed for a marketing revolution, according to Equal Strategy, a company which has just begun to offer music and scents as part of customer experience services to help businesses in Asia project consistent brand images and stimulate spending.ARTHUR LEE - 534 words
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Page 11 Advertisements
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Advertisement65 2007-05-07 11 MERITUS BUSINESS LOUNGE MERITUS MANDARIN SINGAPORE A reposeful haven to conduct business activities away from hectic buzz and mixed crowds, the all-new Meritus Business Lounge is your answer to the perfect balance of office convenience and homely comforts. Applicable for upgrade from all room categories at a promotional surcharge of65 words
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Advertisement495 2007-05-07 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 staff495 words
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ECONOMY WATCH
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Article, Illustration677 2007-05-07 12 ASIAN FINANCE MINISTERS' MEETING Thai minister notes capital flows are bigger, more volatile than before Reuters [KYOTO] Asian finance ministers agreed on Saturday to pool their foreign reserves to help avoid a repeat of the financial crisis that devastated the region aReuters; REUTERS - 677 words
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350 2007-05-07 12 Bloomberg [KYOTO] Malaysia doesn't plan to allow its currency to be traded overseas as there wouldn't be any benefits for the economy, Second Finance Minister Nor Mohamed Yakcop said. Malaysia banned offshore trading in the ringgit when it imposed capital controls and peggedBloomberg - 350 words
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494 2007-05-07 12 No change until outlook becomes clearer: analysts AFP [WASHINGTON] Despite a sputtering US economy, the Federal Reserve is likely to hold fire on interest rates as it waits for either an easing of inflation or a pickup in growth, analysts say. NoAFP - 494 words
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Page 12 Advertisements
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Advertisement2047 2007-05-07 12 IS Lloyds TSB Bank pic at 31 December 2006 onnc for the year ended 31 December 2006 2006 2005 ZUUS million million million million Assets Interest and similar income 14,319 12,592 Cash and balances at central banks 1,898 1,156 Interest and similar expense (8,780) (6,920) Items in the course of2,047 words
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Page 13 Advertisements
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Advertisement58 2007-05-07 13 BMP' BMBFV f ■M p ■G9P' i :j3W^ii BBi;r '-:js{H^K|| ,i^^H £> 'g J rtMW^ 1 I w 1 I H F '-iS# M ,M_ ■t '»Of ■r -*aS[ XX II I fp=^B i* Hoi mm jp^^^mh^h ■U bj t *zKt B**'"*' 'iil^^^^^BTMß^Bml*T iiPMHP jJt w ■.*^MBWb^ < fc^ l58 words
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VIEWS FROM THE TOP
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Article, Illustration2254 2007-05-07 14 THIS WEEK'S TOPIC What are the positive and negative implications of creating an attractive environment in Singapore for the super-rich? Is there a need for specific steps to ensure that this benefits all Singaporeans? FOR the technology sector there would be two important benefits of this trend.2,254 words
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Page 14 Advertisements
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Advertisement16 2007-05-07 14 i&}-x ■vX 'J- ''j*-- X, .< I 1 V m L kf i y 1111 f _Lj^-L*^16 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration783 2007-05-07 16 DANIEL BUENAS - DANIEL BUENAS looks at what the sought-after programme entails and the promising professional rewards that await those who attain the qualification DANIEL BUENAS IF you're involved in a financial-sector discipline, you're likely to have heard about the Chartered Financial Analyst (CFA) programme. But for those783 words
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Article, Illustration913 2007-05-07 16 JASON LOW - CAMPUS LIFE Strong family support and the right attitude have helped Chen Jianwen to become a high achiever, reports JASON LOW JASON LOW CHEN Jianwen is not your average student investor. A Chartered Financial Analyst (CFA) holder and already having three years of experienceARTHUR LEE - 913 words
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Article205 2007-05-07 16 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have205 words
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Page 16 Advertisements
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Advertisement46 2007-05-07 16 cfEibank The Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.46 words
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MALAYSIA
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Article, Illustration680 2007-05-07 17 PAULINE NG - MALAYSIA INSIGHT Proper awarding of construction contracts will prevent shoddy work as was evident in last week's 'raining debris' incidents PAULINE NG KL Correspondent WHEN it rains it pours in Putrajaya. The sky appeared to be falling over Malaysia's administrative capital last week. A burst680 words
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315 2007-05-07 17 [KUALA LUMPUR] Stock exchange operator Bursa Malaysia Bhd says listed companies that decide to take their companies private will not hurt the local bourse's attractiveness to investors, Malaysia's Business Times reported. Bursa Malaysia chief executive officer Yusli Mohamed Yusoff said the recent privatisation315 words
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Page 17 Advertisements
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Advertisement31 2007-05-07 17 p^Titl jl Lianhe Zaobao I Which listed I I lech firms I I are possible I I takeover M&A I frenzy J gf I continues? I sMttnaara I #tt#±? I t31 words
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Advertisement202 2007-05-07 17 Credit Agricole Private Bank Imagine a private bank that combines strength and dedicated service Backed by an extensive international network and the significant leverage that comes with being a member of the world's 6th largest banking group*, Credit Agricole Private Bank is a frontrunner in personal wealth management. To protect202 words
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GREATER CHINA
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142 2007-05-07 18 Reuters [TAIPEI] The board of Powerchip Semiconductor Corp, Taiwan's top maker of Dram memory chips, has approved a plan to spin off its contract chip manufacturing arm worth NT$7.5 billion (***** million) into a new wholly-owned unit. The plan, which still requires approvalReuters - 142 words
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Article, Illustration53 2007-05-07 18 [BEIJING] Holiday makers posing for a snapshot in front of the likeness of the Eiffel Tower and the Arc de Triomphe seen here in scale model, part of a permanent display at the World Park in Beijing yesterday. Mainland China's week-long May Day vacation comes to53 words
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289 2007-05-07 18 Bloomberg [BEIJING] China is still preparing its foreign-exchange management agency and has yet to start making investments, Finance Minister Jin Renqing said. The investment agency "hasn't taken any action yet", Mr Jin said on the sidelines of the Asian Development Bank annualBloomberg - 289 words
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264 2007-05-07 18 China study expects 43% rise in 2007 surplus to US$254b Reuters [BEIJING] China's trade surplus will grow some 43 per cent this year to US$254 billion, a slower rate of growth than last year, the Xinhua agency reported, citing a study by an officialReuters - 264 words
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534 2007-05-07 18 More Asians willing to invest in hedge funds, private equity, property AFP [NEW DELHI] Wealth managers see greater potential in China than in India and are ready to recommend alternative investments like hedge funds to boost investor returns, according to a survey. ChinaAFP - 534 words
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Page 18 Advertisements
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Advertisement81 2007-05-07 18 Ntas^uT MUSCLE! j^K IMPRESS kLK I, WBk JHESKIRTJ«|U«|*inEEL FROM FA W planmsog M Diners To apptjfi call 6416 0980 K|||lf|V A World of Exclusive Privileges Treats Diners Club International' cafebiz LoDby Level, Traders Hotel, 1A Cuscaden Road, Singapore *****6. For reservations, call 6831 4374 Viet Lang tpM Annex Building #01-0381 words
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Advertisement19 2007-05-07 18 v*--"" I VHj^H Radio 91.3 is managed by tj^ SPH Unionworks, a subsidiary Of Singapore Press Holdings Mummt Dearest19 words
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Advertisement48 2007-05-07 18 A Taste of Continental Charm Gato Negro Via Mar Restaurant and Wine Bar Ai OK Esplanade Mall #01-10/12, Tel: 6423 0900 sjmmf'Cr 15% off a la carte food items only Complimentary bottle of house pour wine Only when you charge to your Diners Club Card. T&C Apply. 148 words
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INDIA
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251 2007-05-07 19 Growth projected at 37% yearly from US$2b now Bernama [NEW DELHI] The biotechnology sector In India which has been growing at 37 per cent per annum is projected to touch the US$5 billion mark by 2010, the Confederation of IndianBernama - 251 words
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392 2007-05-07 19 Higher interest rates to blame, industry group survey shows AFP [NEW DELHI] Fewer Indian firms expect earnings growth in the next six months because of higher interest rates and a bigger number are less confident about the economy as aAFP - 392 words
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Page 19 Advertisements
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Advertisement203 2007-05-07 19 MOSCOW 53,200 ZURICH 53,200 il S rocKiHOLM 53,400 53,200 BUSINESS CLASS LON DON Mil AN $3,400 Ml LAIN BUSINESS CLASS 53,200 MADRID COPE AGEN 53.200 H*"" FRANKFURT ATHENS 53,200 PARI S 1 $3,200 BUSINESS CLASS These amazing Business Class deals will change how you see Europe. CfjTHAI THAI The toiicti203 words
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ASIA-PACIFIC/WORLD
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Article, Illustration616 2007-05-07 20 Tony Hayward faces key decisions about operational and safety problems AFP [LONDON] British energy giant BP is hoping new chief executive Tony Hayward will herald a brighter future after a disastrous week which saw his predecessor dramatically resign after lying in court.AFP - 616 words
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440 2007-05-07 20 ANTHONY ROWLEY - Report proposes serving middle income countries By ANTHONY ROWLEY in Kyoto THE report of the Asian Development Bank's Eminent Persons Group (EPG) on what should be the future role of the institution has drawn mixed reactions from the bank's governors. A common concern expressed440 words
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Article2812 2007-05-07 20 Transaction date: May 4 For a full listing of the closing prices, log on to BT Online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG vol HK$ *1- 000 Aeon Credit 7.15 0.15 2 Aeon Stores .9.96 0.05 4 Angang Steel 15.78 0.46 4233 Anhui Conch 31.502,812 words
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322 2007-05-07 20 Bloomberg [SEOUL] South Korea and the European Union, the Asian nation's second-biggest trade partner, announced the official start of talks for a free-trade agreement yesterday, as negotiations for a worldwide accord falter. South Korean Trade Minister Kim Hyun Chong and EU Trade CommissionerBloomberg - 322 words
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401 2007-05-07 20 AFP [MANILA] The decision by Texas Instruments to pump US$l billion to expand its operations in the Philippines was a vote of confidence in the country's international competitiveness, analysts said. Long considered the laggard in South-east Asia, the Philippines has been desperately trying toAFP - 401 words
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Article, Illustration405 2007-05-07 20 AFP Bloomberg [PARISI Thousands of police. anti-riot units and gendarmes went on standby yesterday as French citizens went to the polls to elect a new president. Some 3,000 anti-riot and military gendarmes were on hand in Paris and in the nearby suburbsAFP; Bloomberg; AP - 405 words
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WORLD
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Article, Illustration726 2007-05-07 21 Buffett says the challenge is to find ways to invest intelligently Bloomberg [OMAHA] Berkshire Hathaway Inc's Warren Buffett usually laments that his company has more cash than investment opportunities. Over the weekend, he envisioned an acquisition so big that he'd have to sell someBloomberg; BLOOMBERG - 726 words
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290 2007-05-07 21 AP [HELSINKI] Nokia Siemens Networks, the telecoms equipment maker that began operations last month, will lay off up to 9,000 people worldwide some 15 per cent of its work force in line with previous plans. The cuts will include 2,900j0bs in Germany, andAP - 290 words
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494 2007-05-07 21 NEIL BEHRMANN - But it's hard to say when global asset bubble may burst By NEIL BEHRMANN in London A PLETHORA of mega bids, estimated to be around US$5OO billion in the past fortnight have driven Wall Street, London, European and Asian markets to new heights.494 words
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983 2007-05-07 21 ANDREW MARKS - WALL STREET INSIGHT By ANDREW MARKS in New York STOCKS maintained their unrelenting advance through the spring last week, but it's an advance that traders like Seth Ingerman at Sunrise Capital Management noted was marked by a lack of the kind of exuberant983 words
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Page 21 Advertisements
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Advertisement796 2007-05-07 21 CATS NOTICES IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MOTOROLA (HOLDINGS) PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) CO. REG. NO. *****2364 C NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of the Company held at 12 Ang Mo Kio Street 64, Motorola Innovation796 words
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SHIPPING/AVIATION
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409 2007-05-07 22 AP [SYDNEY] Qantas Airways said yesterday it considers a Aslo.B billion (5513.5 billion) takeover bid for the airline to have failed, after regulators refused to step in and save it. The bidders, a private equity-backed group named Airline Partners Australia, had refused to acceptAP - 409 words
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201 2007-05-07 22 AFP [SINGAPORE] A joint venture shipyard between a Singapore firm and Norway's Aker Yards has clinched a US$25O million deal to build six specialised vessels for use in the booming oil and gas industry. The anchor handling supply vessels will be built at theAFP - 201 words
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Article2321 2007-05-07 22 city hjwit cta Fuar no 8cm sss 1230 tMMl LH9771 1750 LH9770 2345 SQ268 1750 $0269 2345 Amsterdam *****1 0630 AZ3993 2245 SQ323 0630 KLB38 2245 AZ3992 1555 L***** 2345 ***** 1555 SQ324 2345 Athons N34U 1535 5Q348 0100 Atlanta AC5202 2335 AC5203 0645 UA895 23352,321 words
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Article, Illustration346 2007-05-07 22 DONALD URQUHART - Lines' move follows Panama Canal's freight rate hikes By DONALD URQUHART [SINGAPORE] Freight rate hikes by the Panama Canal Authority have begun trickling down as shipping lines on the westbound transpacific trade from the East Coast US to Asia haveAP - 346 words
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Article504 2007-05-07 22 STRAITS TIMES INDEX STOCKS SUKJ.WM Wt Oo» 0—9. Stock name m Oou a**?. a Allqreen 0 52 1790 0 070 J5M 1*5 ***** ♦0*80 STEngg 3U0 <020_ Asa-ndttre. 093 ZMO Jartir«C*C 0*7 "700 -0«» STATSO# VC6 1» CapitaComm Ott 30M ;5570~ JurongTeth 0.04 0965 *0X00 Sen* Corp tnd 1« 1«504 words
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643 2007-05-07 22 DONALD URQUHART - It imposes penalties on 2 of them-IRSA and ISSA-for breaching rules By DONALD URQUHART [SINGAPORE] China's Ministry of Communications (MOC) has rejected plans by four container shipping conferences to raise controversial terminal handling charges (THC) at south China ports and imposed penalties for643 words
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Page 22 Miscellaneous
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Miscellaneous158 2007-05-07 22 CRYPTIC CROSSWORD 9 Naval officers keeping gold in 14 Minor star is upset as the revolunteers to give emergency YESTERDAY'S SOLUTION 23 Area to have comfy home in? P I I I I I I I I I I— 27 Entitle, 28 Legless. On the contrary, maybe! (4,4) 28 cheat158 words
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Article11655 2007-05-07 23 SGX MAINBOARD Week ended: May 4 52-Wk Tel Last Vol Waafc LastQuote Dlv GrYld Net MCap High low Cod* Company Sato ♦<- COOP) High Low fciyr Salter Cvr S HI Smtl 3.5 2 5716 1st Software 2 susp 11 15 6 3148 STelecom 13xd -1 8306 15 1311,655 words
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Page 23 Advertisements
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Advertisement161 2007-05-07 23 Not been making the most of the markets? Then it's time to trade CFDs with City Index Asia. Trade multiple maxfcata from Trade long or ahort on live market one account price* Manage your riak witli atop loaaoa Trade atocka, fit* and mdicea from other order types 7.8% margin CFDs161 words
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Article7071 2007-05-07 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy yr dy Syr May 4 Index Change Change Change Change Change Change World Index Preliminary 1173.5 0.4 6.6 0.0 6.4 0.5 7.7 tEAFE Preliminary 1183.1 05 65 03 7.4 08 85 Europe Preliminary7,071 words
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Advertisement1384 2007-05-07 25 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination YORDAN LUTIBRODSK RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NOl/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-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. Molaysia, Indonesia Loads E. Malaysia, Indonesia OTHER1,384 words
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Advertisement679 2007-05-07 25 IfrITBtAMA RORO SMVWI VKSa/VOT RAMPqtT) IBGHUM) to koi lo sm mt STRAITS EXPRESS Of 30 4.0 06/05 00/05. STRAITS EXPKESS 10 30 4.0 13/05 17/05 20/05 22/05 aniin twirrj 1 wrniu—w wumj TW 1 vpsayvoT mmpoo) wghiwi k» sm w syd ma ape fee DRESDEN /063 100 5.0 21-21/D4 05-05/05679 words
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Advertisement1586 2007-05-07 26 WAN HAI INTERNATIONAL PTE LTD at NOt **********0/R <\ T1L*****5M (14UNB) FAX:*****163 \\kl\ IAfAIJ UAI I I NEC Custom* Sanrfce/loakhgs Dired line (1800) *****200 V Yl I f f Mil IIMI LllltJ fIQ. 1R: (03) ***** US FAX: {03) *****281 PEN 1H: (04) *****00 FAX: (04)*****99 V*- XJHIH; (07)*****73 FAX1,586 words
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Advertisement649 2007-05-07 26 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS ffssa I VOT I SIN I MUMS I (OIOMO COLOMIO miv gamohi Dim 24 ah 2UB SUM Qfeittl— JIAffiQA Q22W_ SELSAI UiSfi!— *150 ACOPIMG K1 TO COOBI TUTICUWI GO* (VU COLOMIO) MB MNDU (Vl* N SUVA)649 words
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THE BUSINESS TIMES SHIPPING TIMES
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5557 2007-05-07 27 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number *y V" MWSPf? To ABIDJAN (ABJ) 2003 Cote D'lvoire 14/05 17/06 Del mas VERONIQUE DELMAS 720W *****344 22/05 25/06 Delmas DELMAS CAMEROUN 721W *****344 22/05 02/07 Delmas DELMAS CAMEROUN 721VV *****3445,557 words
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Advertisement458 2007-05-07 27 H^pgfr-—iff—!fc— —»B— flMs ;gßi! HBn=g==gl= Ktuim I ma I Mmlawr-H j™—-J*—aw- is.; -&&■> sfi —s&r —ffife— a==iF*=i= a pa(.wmi ww;t ii/os 7»70s reBMflK Bti fl/M ?t js jjjuiMtd. Iffj iT_ -wr Stir ffigHfaiw •^ißr* MBm IM I la/" i rttKnlK" tSiv 11$ ii/Ac 11/81 H ciiiab uyi MJ 17/05 r*(458 words
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Advertisement336 2007-05-07 27 llai GLORY NAVIGATION GROUpI I( SINCE 1970 OWNS A OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS a I COVERING g THE ENTIRE ASIA PACIFIC PORTS I m REGULAR WEEKLY SERVICES: B IKAOHSIUNG A CHINESE PORTS, HONG KONG TO A FROM I SOUTHEAST ASIA J SMGAPOtE HUT336 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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347 2007-05-07 29 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY SINGAPORE companies and institutions with the occasional or seasonal need for heavy-duty computing power can now "rent" processing power instead of buying new computers. Sun Microsystems, one of the leaders of grid computing, has announced wider international availability and347 words
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Article443 2007-05-07 29 WINSTON CHAI - <what's up> Compiled by WINSTON CHAI IDA seeks views on IT manpower needs THE Infocomm Development Authority (IDA) of Singapore is seeking industry views on its proposed plans to develop the capabilities of local IT professionals. Specifically, the IDA is hoping to solicit feedback on areas such as the skill443 words
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Article, Illustration839 2007-05-07 29 AMIT ROY CHOUDHURY - Regional revenue grew 11%, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SAP AG, which recorded double digit year-on-year revenue growth in its first quarter ended March 31, added nearly 350 customers in the Asia-Pacific region, including Japan (APJ) in that period, the839 words
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1088 2007-05-07 30 SIMON PIFF - <you say> Companies can manage data to deliver more accurate forecasts in today's economy where agility replaces stability By SIMON PIFF AMBROSE Bierce, 19th century American journalist and social commentator, once wrote: "The gambling known as business looks with austere disfavour upon the business1,088 words
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240 2007-05-07 30 AP [TOKYO] Scientists in Japan have made a key step toward the development of a quantum computer a still largely hypothetical device that would be dramatically more powerful than today's supercomputers according to Japanese electronics giant NEC Corp. In what they claimed wasAP - 240 words
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393 2007-05-07 30 WINSTON CHAI - By WINSTON CHAI ASIA'S growing appetite for gadgets like digital cameras has led to the launch of the region's first major imaging and photography tradeshow in the republic, an event that is expected to rake in over $5 million for the393 words
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Article, Illustration667 2007-05-07 31 WINSTON CHAI - <what's new> Compiled by WINSTON CHAI Sony unveils new Walkman models SONY has beefed up its multimedia player line-up with the addition of its new NW-ABOO Walkman series. Despite weighing at only 53g, the new offerings pack in a host of improvements like enhanced bass and clearer stereo sound through667 words
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Article, Illustration452 2007-05-07 31 WINSTON CHAI - By WINSTON CHAI THE explosive growth in network traffic resulting from the proliferation of Web-enabled devices is set to continue as other gadgets like TVs and video recorders gets online, says NEC chief Kaoru Yano. According to the president of NEC Corporation, the452 words
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Advertisement176 2007-05-07 29 YOU SAY Betting on intelligence to drive business PG3O ■a mmi w* ~~SBSB^^BKK^^^^R Hk mm 8 ii I B| W I^— I, M 1^ fe^J L_i Wtt i B||V US« fBWB wriM "SHSt- imagine success and performance packaged into ,i I, lbt i__yi our printing solutions j ""5l 1H Power-packed176 words
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Advertisement507 2007-05-07 30 Craft your own success formula with valuable lessons from internationally-renowned speakers settle Art of Creating Happiness HA high-energy interactive presentation tVoring out tWe best in you through positive psychology in all aspects of your career. Speaker SHELLEY SYKES is a Happiness Expert specialising in positive psychology. She is also a507 words
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Advertisement102 2007-05-07 30 fV H K HPjhi v sB i**3RJPMKI 1 Register on-site Small Things Are Big Business Suntec Singapore International whars big in the Southeast Asia microetoonics market. r SEMICON* Singapore is your access to over 380 industry suppliers Convention txniDition Centre a i on g fj rs t_ciass technical education all102 words
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Advertisement127 2007-05-07 31 Simplicity *<j 31 Simple to Set Up As SIMPLE as j! Simple to Create a Recovery Point Anyone can do a Recovery Call our authorized resellers now! Reliability Netforte Technology Pte Ltd Recovers Everything after 8222 4881 Unexpected System Failure IS Tezhnoloav Pte Ltd Continuous Data Protection 6875 7555 Individual127 words
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Advertisement234 2007-05-07 32 Panasonic ideas for life vurA k i *,v^ e,> '^T rr" I DON'T MISS AN EXHILARATING VIEW WITH I TRUE-TO-LIFE QUALITY ON THE NEW RANGE OF Catch fast-paced action sequences in exceptional clarity from car chases —5M fi I r/7TO to adrenaline-packed sports on VIERA LCD TVs. Equipped with Motion234 words
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