The Business Times, 9 May 2007

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Microfilm: NL27707
Total Pages: 31
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Wednesday, May 9,2007 A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 SINGAPORE 85 cents online at http://business-times.asial.com.sg
    20 words
  • Article, Illustration
    Lock icon Chequered flag for F1 race in sight?
    594 1 Ong Beng Seng-linked parties set up new firm, Singapore GP Pte Ltd, with initial $20m capital [SINGAPORE] Could the chequered flag finally be in sight? After more than two months of waiting, an announcement about a Formula One Grand Prix race here could
    FILE PHOTO  -  594 words
  • Article, Illustration
    Lock icon Beefed up controls yielding gains for firms: Ernst & Young study
    700 1  - Beefed up controls yielding gains for firms: Ernst Young study By MICHELLE QUAH [SINGAPORE] Thanks to the spate of high-profile corporate scandals in recent years, much of the attention of the corporate world has turned towards the beefing up of internal controls. The resultant time and management effort that had
    Source: Ernst & Young  -  700 words
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  • TOP STORIES
    • Article
      Lock icon Open standard for financial statements to ease access by all
      483 2  -  From November, companies must use XBRL instead of PDF formats when filing financial reports with Acra By WEE LI-EN [SINGAPORE] Companies incorporated in Singapore will have to switch to a new system of filing financial reports by November. The system
      483 words
    • Article
      Lock icon Indonesia seeks extradition of 15 execs from S'pore for graft
      200 2 AP. AFP [JAKARTA] Indonesia will seek the extradition of 15 business executives believed to be hiding millions of dollars in stolen state funds in Singapore, the new attorney-general says. Appointed yesterday, Attorney-Gen-eral Hendarman Supanji said authorities had compiled a list
      AP.; AFP  -  200 words
    • Article
      Lock icon MARKETS DIGEST
      132 2 □sn 3/439.21 (-38.38) ST INDEX FUTURES 3,434.00 (-39.00) SIMSa 424.03 (-4.97) SIMSa FUTURES 422.90 (-4.50) MARKETS Tuesday Change KLCOMP 1354.67 -10.61 NIKKEI 225 17,656.84 -12.99 HANG SENG 20.706.35 -190.29 SET INDEX 712J7 -337 JAKARTA COMP 2,022.790 -14.251 MANILA COMP 3,333.95 +4.06 SEOULCOMP 1.582.65 -1J1 SHENZHEN I 680.56 +55.77
      132 words
    • Article
      Lock icon 4 Sentosa Cove bungalow plots up for grabs
      500 4  -  Consultants expect top bids of $1,500-$2,000 psf By KALPANA RASHIWALA [SINGAPORE] Sentosa Cove is offering four 99-year leasehold seafront bungalow plots with reserve prices of $1,000 per sq ft of land area. But property consultants expect top bids of around $1,500 to
      500 words
    • Article
      Lock icon Fine line between free market and regulation: SGX
      466 5  -  Control needed but it's up to market to also promote good governance By WEE LI-EN [SINGAPORE] The role of the regulator is to make sure that companies obey the rules but beyond that the market should step in to promote good corporate
      466 words
    • Article
      Lock icon Malaysia cautious on early opening of KL-S'pore air route
      288 5 AFP [KUALA LUMPUR] Malaysia yesterday voiced caution over opening up an air route to Singapore this year, but admitted air travel would benefit if budget carriers plied the route dominated by national carriers. Transport Minister Chan Kong Choy said liberalising the
      AFP  -  288 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      427 2 America still upbeat about S'pore, says PM Lee AMERICA is still upbeat about Singapore, according to Prime Minister Lee Hsien Loong, who wrapped up a week-long visit to the US yesterday. "They're genuinely warm and they have positive experiences and they want to come more often or they
      427 words
    • Article, Illustration
      Lock icon US still upbeat about S'pore, says PM Lee
      655 4  -  Chevron, Yahoo, Lucasfilm are looking to expand in S'pore, he says By CHUANG PECK MING in San Francisco AMERICA is still upbeat about Singapore, says Prime Minister Lee Hsien Loong, who wrapped up a week-long visit to the United States yesterday. Government
      STEPHANIE YEOW/ST  -  655 words
    • Article
      Lock icon Island Power given deadline for Indon gas deal
      454 5  -  Finalise transport of Sumatran gas by June or deal's off, says Jakarta By RONNIE LIM [SINGAPORE] Indonesia has reportedly told Singapore's Island Power that it must finalise the transport of its contracted Sumatran gas by midyear or the supply deal is off.
      454 words
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      108 2 people HR's secret weapon. Www thepeopieatworj<.com Asia-P icfic Exo<v.'i,ve Searcn g 1 M Wt >' O T m 4& fiL fH V A Vr4 c WILL YOU BE AMONG I \V V d I <U D THE WINNERS? ik i NOMINATIONS NOW OPEN It your (ompanv is a privately-held enterprise
      108 words
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      159 3 I 11 !L Publicly listed i• V\'C j#f >?* iitf\ 1 |B^HB| I m I Ip**- s I k A i 1 I ipF 1| ti mi h |^li||BßM^Bßßß^^MM^^B^^^^^^^^^^B^M^Bßß What if today were Someday? The day you got your first job. The day you started your own business. Or the
      159 words
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      175 4 DHL MAKES IMPORTING SIMPLE. "i-T.,• >f* 4 I *<* V:, ''VVr "V"' viongnni 5..: ,«ar f ti x :.v?*- at I "b<» "V- r*- i \I <Vv v' -V i* i *lo lia costs I V; >?v Y Jk +.*>/ T v; i- v, hor^SSD totaiEEHSS! V DHL Import Express
      175 words
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      416 5 SINGAPORE'S MOST MODERN SPECIALIST CLINICS. 'i,,- vv: to* v'-* As the center for Singapore's newest state-of-the-art specialist clinics, Novena Medical Center offers doctors a rare opportunity to own a medical suite with great supporting infrastructure. BE A PART OF SINGAPORE'S EXPANDING HEALTHCARE SECTOR As a regional medical hub, Singapore targets
      416 words
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      178 6 I I*\*j Ltl I Sheer Driving The BMW 7 Series with DVD and rear-view camera*. New standard luxuries for both passengers and driver. Now is the perfect time to own the BMW 7 Series. Although this celebrated luxury sedan is wholly expressive with n technologies to enrich the driving experience,
      178 words
  • COMPANY NEWS
    • Article
      Lock icon Treat disclosure seriously
      537 6  -  HOCK LOCK SIEW By R SIVANITHY fm ESS is more" is a jflf B well-known paradigm in art circles, the idea be--2 ing that minimalism is a virtue to be ■■Hi strived for. When it comes to stockmarket regulation (which many might argue convincingly is also an
      537 words
    • Article
      Lock icon China Yuanbang sees upside in China property
      427 6  -  IPO WATCH By VEN SREENIVASAN THE rapid urbanisation of China's population will fuel the country's property sector for at least another decade, according to a developer whose China Yuanbang Property Holdings lists on the Singapore Exchange today. China Yuanbang's founder and president Chen
      427 words
    • Article, Illustration
      Lock icon Chua to unveil her first SingTel results
      549 7  -  By SIOW LI SEN PRESENTING her first Singapore Telecommunications results today involving the company's fourth quarter and the 12 months to March 31 chief executive Chua Sock Koong will be facing shareholders looking for another capital management exercise. No significant surprises are expected
      549 words
    • Article
      Lock icon Hyflux unveils $45m Saudi oil recycling tie-up
      502 7  -  By MATTHEW PHAN MEMBRANE specialist Hyflux is to jointly invest $45 million to build and own a used-oil recycling plant in Jeddah, Saudi Arabia, together with the Saudi Economic Development Company (Sedco), it said yesterday at a briefing graced by the Saudi ambassador
      502 words
    • Article
      Lock icon LMA's Q1 net slips 19.5%
      378 9  -  One-off accounting adjustment higher expenses hurt bottom line By TETTYANA JASLI MAINBOARD-LISTED LMA International, which designs, develops, markets and distributes medical equipment, yesterday announced a 19.5 per cent fall in net profit to U553.49 million for its first quarter ended March 31, 2007. The year-on-year
      378 words
    • Article
      Lock icon COMPANY BRIEFS
      831 9 Eu Yan Sang's Q3 profit up 18% TRADITIONAL Chinese medicine group Eu Yan Sang's net profit for its third quarter ended March 31,2007, rose 18 per cent to $5.1 million, from $4.3 million for the corresponding quarter last year. Revenue grew 16 per cent to $56.9 million on
      831 words
    • Article, Illustration
      Lock icon UOB's Q1 gain up; but still lags forecasts
      596 6  -  By CONRAD TAN UNITED Overseas Bank (UOB) yesterday reported a 17.9 per cent rise in net profit to $518 million for the first quarter, boosted by strong growth in customer loans, better interest margins and higher fee income. Analysts polled by Reuters
      596 words
    • Article
      Lock icon ABN-Amro sees risk of market correction
      468 7  -  Drop of 15-20% likely if firms fail to match investor expectations By TEH HOOI LING ABN-Amro Private Banking's head of equity research, Roger Groebli, is generally still positive on the Asian equity markets although he fears that investors' expectation may be too high and
      468 words
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      34 7 JLI U 11 M fli m M/L 1 fln l^ VjSujM M? i—~ ..V W P. design these! Singapore Jakarta beijing bangkok hong kong shanghai kuala lurnpur guangzhou Shenzhen www.eddesigngroup.com contact: +65 6392 1088
      34 words
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      Lock icon Page 7 Advertisements Column 2
      881 7 LMA" LMA International N.V. (incorporated with limited liability in the Netherlands Antilles on July 28,1998) LMA REPORTS 15% INCREASE IN NET SALES FOR Q1 FY2007 Unaudited results for the first quarter ("Q1") of the financial year ending December 31,2007 ("FY2oo7''). Summary of Financial Performance Three months ended March 31, (U.S.
      881 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Asia impresses as greenback depresses
      930 8  -  CURRENCIES More important Asian round-number supports for US$ come into focus LARRY WEE Senior Correspondent OVER the past fortnight, we got a quick whiff of the upside bounce we expected for the US dollar, but it came and went awfully quickly. And although soaring stock
      930 words
    • Article, Illustration
      Lock icon Untitled
      974 8 SECURITIES TRADING SCOREBOARD MAIN SIX) TOTAL Ut Down Undi Up Down Undi Up Down Unch Multi Ind 3 8 5 0 1 0 3 9 5 Manufacturing 42 124 51 4 30 13 46 154 64 Commerce 12 54 19 3 10 5 _1J$ 64 24 T pt/Stor/Comms 6 26
      974 words
    • Article
      Lock icon BROKERS' TAKE
      829 8  -  Compiled by MATTHEW PHAN UOB May 8 dose: $22.20 CITIGROUP, May 8 QlO7 profit $518 million (-3 per cent quarter-on-quarter), in line; strong net interest income performance offset by weaker other income. The profit represents 25 per cent of Citigroup's FYO7 $2.07 billion estimate. A 9 per cent
      829 words
    • Article, Illustration
      Lock icon Prices tumble on a confluence of factors
      512 8  -  STOCKS R SIVANITHY Senior Correspondent IT wasn't a single factor that led to the Straits Times Index (STI) falling 38.38 points to 3,439.21 yesterday; rather, it was a combination of things. First, UOB's results were said to be disappointing only an 18 per
      512 words
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      49 9 ■uaayppMsm FOR A NO OBLIGATION 1-TO-l CONSULTATION, CALL US AT 6349 8760 OR SMS TO 8193 3886 OR EMAIL TO MBA@ACPE.EDU.SG 1 km "3L Ajn FRT A I i.""" i Entrvpreneurstup IE "ii.'T ialMi 1 B« > vou>c<' Centft* awai*a 61 ROBINSON ROAD LEVEL 17 ROBINSON CENTRE SINGAPORE *****3 WWW.ACPE.EDU.SG
      49 words
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      Lock icon Page 9 Advertisements Column 2
      527 9 Andrew Road 8,600 sqf $9.xM Belmont Road 16,300 sqf $12.xM Binjai Pk 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.xM Cluny Hill 16,000 sqf $18.xM East Sussex Lane 15,100 sqf $15.xM
      527 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Naphtha prices soar to record this year
      403 10  -  Mitsui Oil Asia sticking to plan to close by March 08 By RONNIE LIM THREE months after his arrest and subsequent release on bail on Valentine's Day, news of the rogue Japanese trader who concealed US$Bl million of trading losses at Mitsui Oil
      403 words
    • Article
      Lock icon NTU mulling setting up grad school at one-north
      198 10  -  By LIN ZHAOWEI WITH the official opening of Nanyang Technological University's (NTU) second campus NTU@one-north and the NTU Alumni Clubhouse at one-north yesterday, the university announced it is considering setting up a graduate school there as well. The new one-north campus comprises
      198 words
    • Article
      Lock icon Childcare subsidy for PRs to be phased out
      310 10  -  By CHARMIAN KOK IN another move to make a clearer distinction between Singapore citizens and permanent residents (PRs), the government announced yesterday plans to withdraw centre-based childcare subsidy from Singapore PRs in two phases over the next two years. From Jan 1,
      310 words
    • Article
      Lock icon S'pore, Ukraine in talks for FTA
      146 10 AFP SINGAPORE and Ukraine have begun talks for a bilateral free trade agreement (FTA), the two countries said in a joint statement yesterday. The two sides met in Singapore Monday for two days of talks to work out the scope of the FTA which
      AFP  -  146 words
    • Article
      Lock icon Q1 life insurance sales up 22%
      211 10  -  By GENEVIEVE CUA SALES of life insurance took off strongly in the first quarter as total new premiums rose 22 per cent to $1.95 billion. Single premium sales were up 22 per cent at $1.79 billion, and regular premium sales rose 27 per cent
      211 words
    • Article, Illustration
      Lock icon PM Lee checks out latest Yahoo offerings
      705 10 AFP [SUNNYVALE, California] Prime Minister Lee Hsien Loong visited Internet giant Yahoo on Monday for a personal look at the company's new technology and the economic opportunities they offer. "We just want to learn about the prosperous growth of the US economy and
      AFP  -  705 words
    • Article
      Lock icon Climate governance gaining in importance
      384 10  -  Investors with US$41t assets query listed firms on green issues By MATTHEW PHAN CLIMATE governance or managing the long-term impact of climate change on corporate assets should be just as important to investors as corporate governance, according to Kenny Tang, founder of advisory firm Oxbridge
      384 words
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      206 10 GOOD GAINS WSMSiSSM vrTT AMENDMENT TO THE NOTICE OF BOOKS CLOSURE AND DIVIDEND PAYMENT DATE We refer to the advertisement dated 12 April 2007 regarding the book closure date and dividend payment date. This notice supersedes the aforesaid advertisement. Notice is hereby given that the Share Transfer Books and Register
      206 words
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  • ECONOMY WATCH
    • Article
      Lock icon Indon central bank cuts key rate by 25 basis points
      410 11 Lower inflation, strong rupiah enable move; rates could be trimmed even further this year Reuters Bloomberg [JAKARTA] Indonesia's central bank cut its key interest rate by 25 basis points yesterday, easing its policy for the 11th time in a year
      Reuters; Bloomberg  -  410 words
    • Article, Illustration
      Lock icon Aussie govt to cut income tax by A$31.5b
      327 11 AP [CANBERRA] Prime Minister John Howard's government unveiled yesterday an economic plan to cut income tax by A 531.5 billion (5539.5 billion) over four years in the final annual budget before Australians go to the polls late this year. The big spending
      AP; AFP  -  327 words
    • Article
      Lock icon M'sian exports slide 4.3%, output falls 2.7% in March
      437 11 Shipments to US decline 10% to RM8.1 billion, or 16% of exports Bloomberg [KUALA LUMPUR] Malaysia's exports and industrial production unexpectedly fell in March as overseas demand for the country's electronics goods faltered and oil and gas exports eased. Overseas sales
      Bloomberg  -  437 words
    • Article
      Lock icon Central bankers happy with global growth: Trichet
      361 11 Pace of expansion very encouraging, says ECB chief AFP [BASEL, Switzerland] Top central bankers agreed on Monday that the world economy was continuing to grow at a strong and "very encouraging" pace, European Central Bank (ECB) chief Jean-Claude Trichet said. Mr Trichet said
      AFP  -  361 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      107 11 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 find it a hassle to keep up with
      107 words
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      Lock icon Page 11 Advertisements Column 2
      72 11 FOR SALE BYTENDER FAIRWAYS Freehold Land, approx. 13,613.3 sq m N Plot ratio 2.1, up to 24 storeys f*° Possible to amalgamate state land "T* Close proximity to Vivo City Sentosa /IR Opposite Keppel Golf Club new MRT At x***" Uji jjl 80% owner's consensus obtained I Peggy Tan 6531
      72 words
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      Lock icon Page 11 Advertisements Column 3
      194 11 China Local Telephone Number China DID Telephone Number dedicated to you Unlimited calls from China to your Singapore mobile phone FREEI No International Call charges for callers from China No Inter-state Call charges for callers from China All callers from China are charged at a local city call rate Mobile
      194 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon KL lifts 25% cap on foreign stakes in Tenaga
      372 12 AFP [KUALA LUMPUR] Malaysia has ended a 25 per cent cap on foreign shareholdings in national power utility Tenaga Nasional Bhd, a move analysts said will attract more overseas funds into one of the country's largest companies. Tenaga said it received
      AFP  -  372 words
    • Article
      Lock icon Transmile shares dive 23% on FY06 results fears
      425 12  -  B y S JAYASANKARAN in Kuala Lumpur SHARES in blue-chip firm Transmile Group plunged 23 per cent yesterday to RMIO a share after its suspension on Monday was lifted on fears that the air cargo company may have overstated its numbers for
      425 words
    • Article
      Lock icon Telenor to cut equity in DiGi
      251 12 AP [KUALA LUMPUR] Norway's Telenor ASA will cut its equity in Malaysia's smallest mobile phone company DiGi to 49 per cent by year-end but it will continue to be a major player in the company, officials said yesterday. DiGi's chairman Arve Johnson said Telenor
      AP  -  251 words
    • Article
      Lock icon BURSA MALAYSIA
      2485 12 VOL May t km (ooo ASM Realty .2.49 -0.03 107 Abric Bhd .0.32 unch 45 Acp Industries 220 -0.05 157 Advance Syfaergy .0.34 -0.01 774 Adventa Bhd 1.35 -0.02 1720 Ae Multi Hldgs .0.34 -0.01 31 Affin Holdings .2.25 -0.07 3853 Ahmad Zaki Resou -2 95 -0.09 38
      2,485 words
    • Article
      Lock icon Indon draft law for SEZs delayed indefinitely
      448 12  -  Govt needs more time to trim overlaps with existing regulations By LAUREL TEO in Jakarta A DRAFT law to map out the legal structure for special economic zones (SEZ) has been delayed, because the government needs more time to trim some overlaps with
      448 words
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      305 12 One Idee On Change Your World UrbdnfOCUfTle Confident CommuniAtions A UNIQUE LEARNING EXPERIENCE! Your ability to communicate and negotiate confidently L and persuasively with staff, team members, stakeholders and clients will move you further and faster than any other skill in the working environment Attend both workshops and benefit from
      305 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Mainland shares rise to new high
      539 13 CSI 300 Index up 3.6% on strong fund inflows to close at 3686.03 Bloomberg [BEIJING] China's stocks rose to a record, posting the biggest gains among markets included in global benchmarks, as funds poured in to equities after a week-long holiday. Citic Securities Co
      Bloomberg; REUTERS  -  539 words
    • Article, Illustration
      Lock icon Taiwan DPP's Frank Hsieh could signal warming China ties
      325 13 Reuters [TAIPEI] The Taiwan ruling party's choice of Frank Hsieh as its candidate for the 2008 presidential election could bring a thaw in relations with Beijing and undermine the pro-inde-pendence tilt represented by the island's current leader. Analysts said Mr Hsieh
      Reuters  -  325 words
    • Article
      Lock icon Indian Railways to borrow US$15b by 2012
      439 13 Money will be used to build new tracks, passenger cars and to modernise stations Bloomberg [KYOTO] Indian Railways, Asia's oldest network, plans to borrow US$l5 billion from commercial banks over the next five years to build new tracks, passenger cars and modernise stations,
      Bloomberg  -  439 words
    • Article
      Lock icon BRIEFLY ASIA
      306 13 Morgan Stanley hires BOA China economist [HONG KONG] Wang Qing, Bank of America Corp's former head of economics and strategy for China, Taiwan and Hong Kong, will join Morgan Stanley as chief economist for greater China. Mr Wang will be based in Hong Kong and start on May
      306 words
    • Article
      Lock icon Tesco in early talks on retail foray in India
      325 13 Its potential local partner seen to be Hero Group [NEW DELHI] UK-based grocery biggie Tesco is learnt to be in preliminary talks with the Munjals of Hero Group for a joint foray into the retail sector. The Hero Group has recently
      325 words
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      19 13 Latedeliveriesmakepeopleangry. Chinahasl.3billionpeople. Make sure it arrives on time. Trust the FedEx team in China. www.fedex.com/sg Wbl I vetodclivor. Express
      19 words
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  • GREATER CHINA
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      2815 14 UNIT TRUSTS FUNDS ABA™KW»T»0IN> i» owsmwannmNctw.... IOS<THR««7M u» *«"NW» S2SS«Sf ifui! I»l35Srf35f 3/t IS™*? I£S^«£ZM ———!2|9 iZ &&SJ2SM SSRSSKS-stusd ?fit Sg S«SHW===ilW iMSS S525&z===z=!i^ 3 «S AM Aim ActM M* ($-porci Aecurqp income AT SGdZZZZZ— 151V OWS EUR *****77/ M53«J GjoMSdlaFdA I»1V Cf t&Z»G<«MSGOF JJ» Xm, ?S£. J£J 514 sgggar
      2,815 words
    • Article, Illustration
      Lock icon HK money changers feeling heat of new laundering laws
      573 14  -  At least 200 say banks dumping them as clients with tough checks needed By JANE MOIR in nong Rong HONG Kong's attempt to clamp down on money laundering is taking its toll on remittance agents and money changers in the city,
      AFP FILE PHOTO  -  573 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      84 14 Allianz Global Investors one of the world's largest asset managers with more Allianz (fij) than US$l.2 trillion assets under management as at 31 December 2006. Global lnvestors FOR US, IT'S THE SILVERWARE IN AM&- YOUR POCKET THAT MATTERS MOST. ImmC As a winner of the Standard Poor's 2007 Singapore Fund
      84 words
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  • MIDDLE EAST
    • Article
      Lock icon Saudi Aramco raises oil prices for shipment to Asia
      590 15 It hikes premium on its Arab Super Light crude to a record US$7.75 a barrel Bloomberg. Reuters [RIYADH] Saudi Aramco, the world's largest stateowned oil company, raised prices of its crude oil to be exported to Asia in June as refining
      Bloomberg.; Reuters  -  590 words
    • Article
      Lock icon Aston Martin owner sitting on 50% profit
      218 15 Kuwait's Investment Dar offered US$720m for stake Reuters [KUWAIT] A Kuwaiti investor has received offers worth about US$72O million for its stake in British luxury carmaker Aston Martin, less than two months after it bought the stake and 50 per cent more than
      Reuters  -  218 words
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      Lock icon Page 15 Advertisements Column 1
      10 15 URBAN YOUR GUIDE TO LOOKING GOOD lil m Pf t
      10 words
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      Lock icon Page 15 Advertisements Column 2
      198 15 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 protect
      198 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon San Miguel to spin off beer, packaging ops
      512 18 It plans to branch into new ventures in heavy industry Reuters [MANILA] San Miguel Corp will spin off its flagship domestic beer and packaging businesses and branch into mining, power, infrastructure and utilities in the biggest shake-up in the Philippine group's 117-year
      Reuters  -  512 words
    • Article, Illustration
      Lock icon James Packer to split PBL into gaming, media firms
      827 18 A$2b will be returned to shareholders in 2nd major revamp Reuters. Bloomberg [SYDNEY] Australia's richest man, James Packer, will split his Publishing Broadcasting (PBL) empire into two listed gaming and media companies and return As 2 billion (552.5 billion) to shareholders.
      Reuters.; Bloomberg  -  827 words
    • Article
      Lock icon Thailand acts to curb foreign hypermarkets' expansion
      464 18  -  By OUR CORRESPONDENT in Bangkok A NEW draft law to restrict the expansion of Thailand's largely foreign-owned hypermarkets was yesterday issued by the government. The move follows demands from the country's tens of thousands of mom-and-pop shop-owners, but it faces opposition from big
      464 words
    • Article
      Lock icon WSJ editors knew of Murdoch offer in advance: report
      320 18 Reuters [NEW YORK] Some Wall' Street JournaL&d'ilors knew News Corp was making a US$5 billion bi3rok" the paper's parent, Dow Jones Co, at least a week before the news broke elsewhere, but they did not publish it,•the New York Times reported
      Reuters  -  320 words
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  • WORLD
    • Article, Illustration
      Lock icon Thomson, Reuters confirm talks
      553 19 Bid, worth £8.8b, will create world's biggest news and financial data firm AP. Reuters [LONDON] Canada's Thomson Corp is in talks to buy Reuters Group for about £8.8 billion (5526.6 billion) to create the world's biggest news and financial data company, the two firms said yesterday.
      AP.; Reuters; AP  -  553 words
    • Article, Illustration
      Lock icon Wolfowitz broke rules, finds World Bank panel
      366 19 Reuters [WASHINGTON] A World Bank panel has found that bank president Paul Wolfowitz's handling of a promotion and pay increase for his companion represented a conflict of interest and broke rules, but made no recommendation on how he should be reprimanded, board sources
      Reuters  -  366 words
    • Article
      Lock icon US regulator to propose new proxy rules
      522 19 SEC aims to ensure directors respond to shareholders Reuters [WASHINGTON] The US Securities and Exchange Commission will propose a new rule in early summer on shareholder rights in the proxy voting process, the chairman of the agency said on Monday. Christopher Cox said
      Reuters  -  522 words
    • Article
      Lock icon Hedge-fund technique by top US universities gets Senate scrutiny
      558 19 Bloomberg [WASHINGTON] A Senate committee, looking for new sources of revenue, is studying how universities such as Harvard, Yale and Stanford are using offshore hedge funds to avoid tax bills. Staff of the Finance Committee discussed the matter on Monday with
      Bloomberg  -  558 words
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  • AVIATION
    • Article, Illustration
      Lock icon Airport execs explore ways to maximise revenue
      587 20  -  Budget carriers seen generating larger proportion of passenger traffic By BENITA AW YEONG AIRPORT executives spoke yesterday about how their airports need to make money from planes as well as shops, with passenger traffic expected to grow exponentially in the coming years. Speaking
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    • Article
      Lock icon Group admits A$10.8b bid for Qantas is over
      498 20 AP [SYDNEY] The group bidding Aslo.B billion (5513.6 billion) for Australian national carrier Qantas said yesterday that the offer had failed, finally killing off hopes it could be revived after days of confusion. Qantas shares yesterday plunged more than 4 per cent
      AP  -  498 words
    • Article
      Lock icon EasyJet shares hit by weak passenger data
      212 20 Reuters [LONDON] British low-cost airline Easy Jet said yesterday that its revenue per seat had fallen in April, knocking its shares. Easy Jet also reported that its load factor a measure of how well it filled its planes was down 3.3 percentage points
      Reuters  -  212 words
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      Lock icon Air Deccan rules out sale to beer billionaire
      346 20 AFP [BANGALORE] Air Deccan. India's largest low-fare carrier, yesterday ruled out a sale to billionaire Vijay Mallya, saying a combination of the two airlines would make no cultural or business sense. "He may want to buy the moon but the moon may
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    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2362 20 CITY HJSNT «TA HWT ITS AkoMwM SQ456 1300 LH9771 1750 LH9770 2345 S02M 1750 234? SQ531 Q740 Amsterdam SO 32 3 0630 AZ3993 2245 AZ3992 1555 KLB38 2245 KLB37 1555 L***** 2345 SQ324 2345 SQ3M 0100 Atlanta AC5202 2335 AC5203 0645 UA«95 2335 UftjB QMS Auckland
      2,362 words
  • Page 20 Miscellaneous
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      181 20 CRYPTIC CROSSWORD DOWN 1 Female group in rush to get sound performance (9) Across: 7 Capuche, 8 Freesia, 10 married (5) 16 Five hundred wrongly laid off Democratic, 11 Trev, 12 Plethora, 2 Pretend to have influence on it's a bloomer (8) l 4 a^ e 0 n te events
      181 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Korea keeping ahead of China shipbuilders
      721 21 It remains world's top shipbuilding nation by building pricier ships Bloomberg [SEOUL] South Korea is holding off China's challenge to its spot as the world's No 1 shipbuilding nation by building pricier ships such as liquefied natural gas carriers. Shares of Korean shipbuilders are
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    • Article
      Lock icon TRANSPORT STOCKS
      278 21 SGX '000 May 8 SS W- Vol Ch Offshore 0.59 -0.03 3274 Chuan Hup Hldgs 0.36 unch ***** Cosco Corp .2.65 -0.05 ***** Cwt Limited 0.88 -0.05 790 Ezra Hldgs 5.60 -0.05 465 Freight Units 0.15 -0.01 ***** Grand Banks 1.02 unch 58 Jaya Hold Ltd 1.50 -0.02
      278 words
    • Article
      Lock icon Decide fuel issue with scientific study
      759 21  -  STRAIT TALK By DAVID HUGHES THOSE who believe decisions at the International Maritime Organisation (IMO) should be taken on the basis of scientific evaluation of the options with a strong technical input from the shipping industry should have been heartened by an unusual intervention
      759 words
    • Article
      Lock icon Precious Shipping's profit doubles
      243 21 Bloomberg IBANGKOK] Precious Shipping pel, Thailand's biggest sea-transportation company by market value, reported profit more than doubled in the first quarter on a one-time gain from selling ships. Net income climbed to 2.1 billion baht(Ss97.3 million), or 4.18 baht a share, in the three months ended
      Bloomberg  -  243 words
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      100 21 TUVALU SHIP REGISTRY QJJ ALI T Y SERVICE 1. Low taxes 5. Worldwide network of surveyors 2. Agreements with lACS members 6. No restriction on nationality of ownership on surveys and issuance of 7 Tuva u js a party to STCW 1987 convention statutory certificates as amended, and is a
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      1 21 naL
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      559 21 iFTMSBffIw I I Established since 1996 I Want to know more about the CFA program? Want to know more about the exciting executive study system lipßl provided by FTMS? Hesitate no longer. SI IHSin us at our Course Preview^ Date: Thu (10/05/2007) |M Venue: FTMS House, #02-4)1 tHEj 182 Clemenceau
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  • EDITORIAL & OPINION
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      Lock icon Beware the China stock market bubble
      539 22 STOCK market investors in this part of the world have traditionally relied on Wall Street's movements to determine sentiment and set market direction. Recent events, however, suggest a change may have occured. Instead of the US, it is China that currently exerts a greater
      539 words
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      Lock icon Rethink on human rights to benefit EU, Philippines
      704 22  -  THE BOTTOM LINE AL LABITA Manila Correspondent HARDLY a day passes without a European MP blasting the Philippines, blaming it for alleged extra-judicial killing of suspected communists and their sympathisers. Ironically, the Europeans have themselves to blame for the situation. Unwittingly, they
      704 words
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      Lock icon The pursuit of an ideal in east Asia
      931 23  -  The East Asian Community is an idea whose time has come as there is now sufficient political will to move the regionalisation process forward By ZHANG YONGJIN EAST Asia is a contested concept. It is highly malleable, owing partly to the historical
      REUTERS  -  931 words
    • Article
      Lock icon Economists who blog the walk draw online fans
      806 23  -  By EMILY KAISER Reuters TO debate leading economists on hot topics like globalisation and free trade, you can hang out at Harvard or log on to a growing group of brainy blogs. Blogging, the soapbox for the masses, is getting a bit
      Reuters  -  806 words
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      Lock icon Will oil keep Cambodia afloat or drag it under?
      1278 22  -  History shows there are more incidences of civil war and conflicts in oil-rich backward states By SETH MYDANS IHT STILL clawing its way out of the ruins of its brutal past, Cambodia has come face to face with an extraordinary new
      IHT; AFP  -  1,278 words
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      3 23 GOOD CORPORATE GOVERNANCE
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      980 23 *AT^ NOTICES Toll free: 1300-289-8822 Email: notices@sph.com.sg BUY IT SEI I IT f ND T IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HUIYUAN DEVELOPMENT PTE LTD (In Members' Voluntary Liquidation) Rag No. *****2160H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the
      980 words
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  • Article
    Lock icon SINGAPORE STOCKS
    10420 24 SGX MAINBOARP 52-WV Tel Last Vol Day Last Quote Wv Grttd Not MCap High Low Codo Company Sale C000) Wgh Low luyor Salter Cvr Wt Swll 6 3148 wJjtOwT'-JIIII- Zl. IIS S -of 2452 li 12 5 12 12.5 47 1 3 171 599 34 20 5834 A
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  • Article
    Lock icon FINANCE & COMMODITIES
    5821 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy *yr dy yr dy Syr May 7 Index Change Change Change Change Change Change World Index Preliminary 1177.6 0.4 7X1 01 6.7 0.5 8.2 EAFE Preliminary 1188.4 0.5 7.3 0.4 7.8 0.7 9.4 Europe Preliminary
    5,821 words
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  • Page 26 Advertisements
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      1348 26 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NIPHA NAREE 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.EJS.E.A. SERVICE Destination Destination PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN PAN BRIGHT JDH/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for
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      695 26 IINTfRAMA RORO MRVICI vissa/vor iampqcd hbghtw pkg kch m aw jkt STHAITS EXPRESS 09 30 4.0 06/05 08/05 STRAITS EXPRESS 10 30 4.0 13/05 17/05 20/05 72/05 j AUSTRALIAN RORO SWVM^ fT"I VBSa/VOt RAMPQCT) ggg I LP I SW I MB STP MB W HB DRESDEN /043 100 5.0 21-21/04
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      1525 27 WAN HAIINTBtNATIONAL FTI LID a not i*****200Q0/tl V TEL:*****588 (14UNES) FAX:*****163 VAM WAN HAI I INFn OntoMrSmto/lMktagiDHcl (1800)*****200 V J0M1*;(07)251WB HU;(O7J2SIIWI SUt m (031) JJW47S NUt (831) JWZ7I4/ CTI3U wankal run <n JD«:ini)S2MIMfWk|DI)S2M7HPUI«:n«M/71Ull NUL7IU7* 8 m. IE; (0.1) 4157M3 HUt (OH) 4)aWS/«lfflW wi a m m m mc tm m
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      1308 27 l7r\ EASTERN CAR LINER, LTD I V 1 SPECIALIZE IN ROUP HEAVY LIFT UPTO 4SO TOWS »—am LmtM(m siw pki rm jkt mua ia WENT IMS I! 35 JO IML _!iZBS Mi SHELLY 4 30 20/05 21/05 73/05 <!6*al ~~TI g M W —m~ MM g —y— M:=3lB=— qqahilue m
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      650 27 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS Ktssa I VOY I sw I fJttAiiG coiomo w SHm coiomo hmbahm bmw liM ITMAT am 27MAT muFHwm ffwioi 21M SMC Ml II Willi OSJMI mySMBHI 0114W WMAT 30MAT 02JUW OtJUW 10JUW ALSO ACOPTMG FQ TO COOK
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  • THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      7168 28 >: ETA ETA Advertser Vessel Voyage Telephone SIN Desfn Name Name Number Namhsf MMMNHMBMMMHNNHHHMMMNMNMMMNMHMMHMMMMMMHMM To ABIDJAN (ABJ) 2003 Cote D*lvoire 22/05 25/06 DHmas DELMAS CAMEROUN 721W *****344 30/05 02/07 Delmas DELMAS LIBREVILLE 722W *****344 30/05 10/07 Delmas DELMAS LIBREVILLE 722W *****344 06/06 09/07 Delmas
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      539 28 I VESSEL VOY I PKI ISW I KHI PXB BAB DMM BIK KHO "I RAN TABATABAEI PCLSI9B 18/05 17/05 26/05 29/05 30/05 05/06 07/06 09/06 MAN BAABAEI PCLBI99 24/05 25/05 03/06 06/06 07/06 13/06 15/06 17/06 KAN SATTAKI PCIB2OO 31/05 01/06 10/06 13/06 14/06 20/06 22/06 24/06 I VESSEL VOY
      539 words
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      Lock icon Page 28 Advertisements Column 2
      506 28 pacianoa if T» 5T705 ***** pkwita* W7 w7os n7o$ MCIUM T953S 5375 63/55 fU MHTAN 9391 T1755 ***** AUHJAVAI ITBIi J5711 ***** WRNTUi 9399 ***** ***** muMM IfUM M/ 65 64/65 j WMUI 9455 ***** 5170* TOTORT 1T073 §755 M 755 PACU*C«A 5W —$755 16/6S iii vissa vot sm sit
      506 words
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      323 28 fPI GLORY NAVIGATION GROUPI I( SINCE I*7o I OWNS OPERATES THE YOUNGEST FLEET TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFK PORTS I B REGULAR WEEKLY SERVICES: m IKAOHSIUNG A CHINESE PORTS, HONG KONG TO A FROM I SOUTHEAST ASIA I SMUTCH HUP WOOD SMPPNG (S) FT!
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  • MOTORING
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      Lock icon Asia to be world's luxury sports car hub
      531 30  -  Boom in China, India markets with rapid growth, better roads By SAMUEL EE ASIA is slowly but surely becoming the super sports car centre of the world, according to Lamborghini, which makes what is arguably one of the most exotic cars available.
      531 words
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      Lock icon Overwhelming demand for Golf GT, says VW
      543 30  -  Fuel efficient 1.4-litre model has $102,000 price tag By SAMUEL EE THE Volkswagen Golf GT with its twincharged engine is the result of a car manufacturer accepting its responsibility for the environment while acknowledging its customers' desire for something fun to drive, says
      ARTHUR LEE  -  543 words
  • Page 30 Advertisements
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      155 30 <HHSr-sr > "*'«t 'rs» w j» *8882e',. > „'"""K I .v?.>«- •> ococnominc t U\l Ul VI i in IU tmoncctoi c tqc^c II 111 U-l-UUUL 11 I-II I-I (C nnr n hit o C> tu Tijinc I-l itu I UUU i 11 uu I 11 111 iu, >ATC ti
      155 words
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  • EXECUTIVE MONEY
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      Lock icon Preparing for a global market crash in 2009
      1038 31  -  When the tsunami from the economic down cycle in the US hits, Singapore investors can still profit, if they are ready MONEY MATTERS CLEMEN CHIANG Minister Mentor Lee Kuan Yew said recently that he believes Singapore's economic growth this year will reach
      1,038 words
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      Lock icon Forget cheaper home loans
      970 32  -  Banks aren't lowering rates despite the softening 3-month interbank, but are touting flexibility of their offers, GENEVIEVE CUA reports GENEVIEVE CUA BANKS are marketing the "flexibility" of their home loan packages while they hold steady on mortgage rates, dashing consumer hopes that a softening three-month interbank
      Source: Bloomberg  -  970 words
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      Lock icon New Star Asset Mgt to launch property unit trust
      533 32  -  Up to 80% of fund to be sunk directly into buildings By GENEVIEVE CUA NEW Star Asset Management is gearing up to launch a property-themed unit trust here that aims to make an income distribution of between 4 and 5 per
      533 words
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      544 31 PROVIDEND > IJ <&£ mmKm > %f» %-V > < v.' 4 <'«• |K^>v f- fin# f'-V S I Opportunity to establish a 3G Virtual Mobile Telecommunications Network in Australia for under SGDSIM Australian Stock Exchange (ASX) listed M 2 Telecommunications Group Limited (ASX: MTU), one of Australia's fastest growing
      544 words
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