The Business Times, 11 May 2007

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Microfilm: NL27707
Total Pages: 33
1 34 The Business Times
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  • Title Section
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    21 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBUCATION SINGAPORE 85 cents online at http://business-times.asial .com.sg MICA (P) 202/12/2006 Friday, May 11,2007
    21 words
  • Article
    Lock icon SGX proposes key changes to listing rules
    911 1  -  Move to prevent back-dating of options among aims By MICHELLE QUAH [SINGAPORE] In the wake of an options back-dating scandal that has ripped through corporate America, regulators in Singapore are looking to head off any similar debacle here by increasing the transparency and
    911 words
  • Article
    Lock icon Non-resident Indians worth over US$1 trillion
    588 1  -  They can be powerful catalyst in India's GDP growth By SIDDHARTH SRIVASTAVA in New Delhi THE 20 million Indians living abroad have accumulated wealth of more than US$l trillion, a figure noticeably higher than the country's GDP of about US$B5O billion, a government committee
    588 words
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      42 1 WOMEN ON TOP AMw Mf Julia Ross, Australia's wealthiest self-made woman If jStjl Fashion designers, wkL architects, graphic Ju j artists and even w i to Y makers are b fflCn orm i coalitions k to clinch deals wffi't ■rHHBBBBHBBBI page 34
      42 words
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      18 1 CORPORATE RESULTS Star Hub: Q1 profit up 14% FACE 4 j' 11l 8 'sszisrsooocK Markets Digctt Pag« 2
      18 words
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      44 1 H STEPPING DOWN sombre farewell X. V BID FOR DOW JONES Murdoch woos Bancroft family with flattery PAGE 18 CHARITY LUNCH Billionaire Warren Buffett sat down over steak with an investor who paid U*****,100 for the privilege A k x C; v L^r (irlle/'
      44 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      448 2 Indian govt approves 16 SEZs out of 23 proposed NEW Delhi on Wednesday formally approved 16 special economic zones (SEZs) and deferred a decision on seven of the 23 proposals taken up for discussion. Major approved SEZs included two of wind-power company Suzlon, while deferred proposals include Reliance
      448 words
    • Article
      Lock icon Temasek takes 4.2% stake in Hup Soon Global
      357 2  -  By SIOW LI SEN [SINGAPORE] Temasek Holdings has taken a small stake in Hup Soon Global, a Sesdaq company which sells tractors and industrial parts not a typical target for Singapore's muchadmired investment company. According to sources, Temasek will be paying $5.4
      357 words
    • Article
      Lock icon Wall St content with Fed's minimalist approach
      818 2  -  But it will expect Bernanke, others to have a lot more to say at next meeting By ANDREW MARKS in New York MUM was the word on Wednesday when it came to the statement accompanying the US Federal Reserve's interest rate policy-making committee's
      818 words
    • Article, Illustration
      Lock icon Blair to step down as PM after 10 years
      623 2 Brown expected to be elected as Labourleader AP Reuters AFP [TRIMDON, England] Tony Blair yesterday said he would step down as prime minister on June 27, closing a decade of power in which he fostered peace in Northern Ireland, presided over
      AP; Reuters; AFP; REUTERS  -  623 words
    • Article
      Lock icon Clarification
      55 2 IN the report, "Subhas Anandan leaves Harry Elias for KhattarWong" (BT, May 10), we quoted Mr K Anpar-. asan as saying that there was an "ongoing process of change in management". KhattarWong has clarified that this process of change is in recruitment and says it wants to attract more
      55 words
    • Article
      Lock icon MARKETS DIGEST
      134 2 STI 3,469.26 (+16.54) ST INDEX FUTURES 3,467.00 (+17.00) SIMSO 426.76 (+1.36) SIMSO FUTURES 427.40 (+2.90) MARKETS Thursday Change KLCOMP 1,355.62 +4.78 NIKKEI 225 17.736.96 -11.16 HANG SENG 20.746.27 -98.51 SET INDEX '707.19 +0.90 JAKARTA COMP 2,047.03 +9.05 MANILA COMP 3,342.21 -3.77 SEOUL COMP 1,599.68 +6.26 SHENZHEN B 728.92
      134 words
    • Article, Illustration
      Lock icon US$620,100 question for Buffett
      576 3 California investor gets to lunch with billionaire Bloomberg [NEW YORK] Billionaire Warren Buffett sat down over steaks on Wednesday with an investor who paid U*****,100 for the privilege. Duan Yongping, a California investor and founder of a consumer elec- tronics company in China, last June won
      Bloomberg; PHOTOS: BLOOMBERG  -  576 words
    • Article
      Lock icon Indian govt approves 16 SEZs out of 23 proposed
      395 3 Total number approved rises to 250; Reliance's Navi Mumbai on hold [NEW DELHI] The Indian government on Wednesday formally approved 16 special economic zones (SEZs) and deferred a decision on seven of the 23 proposals taken up for discussion, the Business
      395 words
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      112 2 people Gi r b y r o e u k self Call us. Www thepeopleatwork com Asia-Pacific Executive Search BUY/SELL SECOND HAND ROLEX WATCHES HIGH-END WATCHES Savings Guaranteed Authenticity Guaranteed Brand New Condition Guaranteed Trade In/Goods Return Acceptable 2 Years Warranty Buddha Wall w/ Sweetened Absdone Chicken Broth w/ *1.30++
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      21 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sq.
      21 words
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      104 3 r[ MAKE A MARK FOR YOURSELF. The Jaguar XJ isn't all about technological breakthroughs. Its about a driving experience that never allows technology to overwhelm. Its about getting behind the wheel and knowing I VI l fL r L *k > 1 0f 0 Tel: 6378 2626/6378 2627/6378 2628 lasuar
      104 words
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  • COMPANY NEWS
    • Article
      Lock icon Be consistent about trading halts
      655 4  -  HOCK LOCK SIEW By R SIVANITHY IN ITS latest proposed amendments to the listing rules, the Singapore Exchange (SGX) aims to shorten the time for trading halts for dissemination of material information from one hour to 30 minutes. This is a welcome move since it
      655 words
    • Article
      Lock icon SembMarine's '07 rig orders overtake Keppel's
      525 4  -  SembMarine unit wins 2 more deals worth US$592m Reports by CONRAD RAJ WHILE SembCorp Marine cotltlDues to pile in the orders for offshore rigs, having secured contracts in excess of $3.8 billion so far this year, things at rival Keppel Corporation, the world's largest
      525 words
    • Article, Illustration
      Lock icon StarHub's Q1 net profit rises 14% to $70m
      459 4  -  It declares firstquarter dividend of 3.5 cents By SIOW LI SEN STARHUB's first-quarter net profit rose 14 per cent year on year to $70 million as it continues to add new customers amid fierce competition. Excluding a charge of $12.1 million due
      FILE PHOTO  -  459 words
    • Article
      Lock icon JTC seeks Reit manager for its planned divestments
      458 4  -  IPO WATCH By ARTHUR SIM JTC Corporation has begun its search for a real estate investment trust (Reit) manager as part of a move to divest its high-rise ready-built properties. Following news last year of its decision to divest these properties through
      458 words
    • Article
      Lock icon Wing Tai Q3 profit jumps nearly five-fold to $54m
      308 4  -  By ARTHUR SIM BOOSTED by a significant increase in development property sales, Wing Tai Holdings yesterday reported a near five-fold jump in net profit for its third quarter ended March 31, 2007. Net earnings for the three months hit $54.1 million,
      308 words
    • Article
      Lock icon Labroy Marine's Q1 earnings jump 81% to $34.2m
      334 4 IMPROVED margins and a doubling in revenues from its shipbuilding and offshore engineering division led to an 81 per cent surge in first-quarter net profits at Labroy Marine. The company reported net earnings of $34.25 million for the three months ended March
      334 words
    • Article, Illustration
      Lock icon OCBC simplifies corporate account opening
      426 5  -  Customers just need their IC or passport and required sum By NANDE KHIN OCBC Bank is offering a hassle-free instant business account opening service that allows customers to issue cheques on the same day. A pilot project resulted in the monthly number of corporate account
      ARTHUR LEE  -  426 words
    • Article
      Lock icon DBS may raise US$1.65b in biggest debt sale
      517 5 Bonds rated A+ by S&P's and Fitch and Aa2 by Moody's Bloomberg DBS Group Holdings Ltd, South-east Asia's largest bank, may raise US$l.65 billion selling dollar-de-nominated bonds, which would be its biggest debt offering, according to Fitch Ratings. Fitch rates the bonds
      Bloomberg  -  517 words
    • Article, Illustration
      Lock icon Cerebos posts 34% jump in Q2 earnings
      476 6  -  Performance boosted by sale of health supplements By VEN SREENIVASAN FOOD, beverage and health supplement producer Cerebos Pacific reported a 34 per cent rise in secondquarter earnings to $19 million, from $14.2 million a year earlier, fuelled largely by its health supplements. The
      FILE PHOTO  -  476 words
    • Article
      Lock icon Noble's Q1 gain up 25% on record revenue
      388 6  -  Group benefited from investments in strategic assets, infrastructure By ANGELA TAN COMMODITY trading firm Noble Group yesterday said that its net profit for the first quarter ended March 31, 2007, rose 25 per cent and revenue hit a record US$4.l billion as
      388 words
    • Article
      Lock icon Super Coffeemix's Q1 profit jumps 45%
      287 6  -  By WEE LI-EN SUPER Coffeemix Manufacturing, which makes and distributes instant beverages and snack food, reported a 45 per cent serge in net profit yesterday;© $10.4 million for tile first quarter ended March 3 It Strong sales inXhina. Russia and Malaysia helped, to raise
      287 words
    • Article
      Lock icon COMPANY BRIEFS
      1006 6 Nam Lee Pressed Metal's H1 net up 61% NAM Lee Pressed Metal Industries reported a 61 per cent rise in net profit to $4.7 million for the half year ended March 31 as turnover rose 61 per cent to $63.8 million. Foreland Fabrictech's Q1 profit jumps 77% FORELAND
      1,006 words
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      1546 6 NOTICES Toll free. 1800 289-8822 Email: notices@sph.com.sg I mmmnmm* trw (Company Registration No *****3164K) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at #28-02 The Concourse 300 Beach Road Singapore *****5 on 4 June 2007 at 10.30
      1,546 words
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      47 7 I M, 1 v V Lamborghini Singapore 'w #J| rh| L_-*-v w Authorised dealer Float like a butterfly, sting like a bee. Automobili Lamborghini The new Gallardo Superleggera Euro Sports Auto Pte Ltd 30 Teban Gardens Crescent Singapore *****7 Tel: (65) 6565 5995 Fax: (65) 6567 5515
      47 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Jardine, UOB lift STI in weak session
      532 8  -  STOCKS Index ends 16.5 points higher, with early gains trimmed by Hong Kong fall and Europe softness R SIVANITHY Senior Correspondent be still positive on the stock. Macquarie Research, for example, reiterated its "outperform" with a target price of $3.76, highlighting capital management
      Source: Bloomberg  -  532 words
    • Article, Illustration
      Lock icon Untitled
      929 8 SECURITIES TRADING SCOREBOARD HAM SDQ TOTAL U» P—m Ut> Up Down Uwdi Up Down l»d> Mutti Ind 7 8 2 1 0 0 8 8 2 Manufacturing 64 73 75 13 16 19 77 89 94 Commerce 31 27 23 6 5 10 37 32 33 Tp«/Stor*Comms 17 18 10
      929 words
    • Article, Illustration
      Lock icon Brokers' take
      943 8  -  Compiled by MATTHEW PHAH OCBC May 10 dose: 559.40 KIM ENG RESEARCH. May 10 CONSTANTLY outperforming: IQO7 earnings soared 103 per cent to ***** million, ahead of expectations. Stripping out exceptional gains of Ssl37 million, underlying net profit still Jumped 60 per cent to Ssslo million. Lending and
      Source Bloomberg  -  943 words
    • Article, Illustration
      Lock icon Rupiah tops again, A$ boosted by jobs
      543 8  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar yesterday managed to hold its own against its European counterparts after the US central bank left its short-term rate unchanged at 5.25 per cent on Wednesday evening, but once again it had a much tougher
      Source: Reuters  -  543 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Mah: Five out of 12 granite barges released
      427 9  -  Govt looking at 'NewConcrete' to cut dependence on sand, granite By UMA SHANKARI INDONESIA has released five of 12 granite-carrying barges it detained, National Development Minister Mah Bow Tan said last night. The other seven barges are still being held, he said.
      427 words
    • Article
      Lock icon Net widened for Tasty S'pore envoys
      213 9  -  By JANICE HENG MORE food manufacturers now qualify as Tasty Singapore ambassadors bearers of the Tasty Singapore brand created by International Enterprise Singapore. So far, 29 food companies bear the Tasty Singapore brand. IE Singapore hopes to have 50 such "ambassadors" by year-end, and
      213 words
    • Article
      Lock icon SMU establishes Yong Pung How Professorship in Law
      261 9  -  By CHARMIAN KOK SINGAPORE Management University (SMU) is to have a new chair, the Yong Pung How Professorship in Law, the university announced yesterday. The professorship aims to advance the research and teaching of law in SMU and whoever is appointed will
      261 words
    • Article, Illustration
      Lock icon Island paradise... and landfill
      336 9  -  By MATTHEW PHAN EVEN Singaporeans might not know that Pulau Semakau, a largely man-made island with mangrove swamps that host some of the country's most colourful marine species, doubles as a dumping ground for incinerated waste. The fact certainly impressed American journalist Eric Bland on a
      FILE PHOTO  -  336 words
    • Article
      Lock icon Asean firms urged to think in regional terms also
      326 10  -  By JANICE HENG ASEAN companies should look to their immediate neighbours,*il6t Just to markets such as die United States and Europe or India and China, says marketing guru Philip Kotler. That is the message of Think Asean! —a book that promotes
      326 words
    • Article
      Lock icon The S'pore paradox on transparency
      599 10  -  Lot of economic transparency but much less political transparency By DANIEL BUENAS SINGAPORE is a very open, yet at the same time a very closed, country when it comes to transparency, according to speakers at a conference on transparency and governance being held at the
      599 words
    • Article, Illustration
      Lock icon Accor to bid for Tanjong Pagar hotel site
      471 10  -  By ARTHUR SIM EUROPEAN hotel company Accor says it will put in a bid for a government land sales hotel site in Tanjong Pagar and will consider bidding for another site nearby. Accor said it plans to build a 538-room Ibis hotel
      471 words
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      66 9 Superb LBT I^&£m n m j HIPW^ IF THE DEVIL IS IN DETAILS, THEN THIS IS ONE HELL OF A CAR Skoda 100 years in car making and over 10 million cars sold. i Car Cars Pte Ltd (A member of Croup Exklusiv Pte Ltd) I 19 Leng Kee Road,
      66 words
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      257 10 24 hours at your beck and call, with no extra charge. t I 'I A K I fWk I 9 .--i fc -t ji« v H fe I The pleasure's ours too. At the upgraded Carlton Club, find yourself with complimentary 24-hours internet broadband access on the house. Discover worlds
      257 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Jakarta comfortable with rupiah exchange rate
      268 11 Bloomberg [JAKARTA] Indonesia's strengthening currency will help slow inflation and boost economic growth, Finance Minister Sri Mulyani Indrawati said. The government is "comfortable" with the rupiah trading in a range of 8,500 to 9,500 against the US dollar, Ms Sri Mulyani told reporters, reiterating
      Bloomberg; REUTERS  -  268 words
    • Article
      Lock icon March trade deficit at 6-month high
      568 11 LATEST US DATA Record American exports to China shrink trade gap with that country AP [WASHINGTON] The US trade deficit shot up in March to the highest level in six months, driven by a big jump in imported oil. The politically sensitive deficit with
      AP  -  568 words
    • Article
      Lock icon Asia can weather US economic slowdown: IMF
      347 11 US consumption, demand for Asian goods still strong Reuters [HONG KONG] Asia should be able to weather an economic slowdown in the US as long as it remains confined to the housing sector, and provide greater stability for the global economy, the International
      Reuters  -  347 words
  • Page 11 Advertisements
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      166 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
      166 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Lippo to expand healthcare business
      481 12  -  It will renovate two hospitals and build five new ones in next 5-10 years By LAUREL TEO in Jakarta PROPERTY company Lippo Karawaci will be pouring US$5OO million into its Siloam Hospitals Group in the next five to 10 years to spruce up two of
      481 words
    • BRIEFLY ASIA
      • Article
        Lock icon New East Timor president pledges to unite nation
        75 12 AFP [DILI] Nobel Peace Prize winner Jose Ramos-Horta pledged to unite troubled East Timor yesterday after the former resistance leader clinched the election as president of one of the world's poorest nations. Holding an unassailable lead with 73 per cent of the
        AFP  -  75 words
      • Article
        Lock icon Probe launched into Sarawak kickback claims
        78 12 AFP [KUALA LUMPUR] Malaysia's anti-graft agency yesterday said it had launched a probe into claims that the chief minister of Sarawak state received millions of dollars in kickbacks from Japanese firms. An investigation into Abdul Taib Mahmud, 70, was begun alter opposition party Keadilan
        AFP  -  78 words
      • Article
        Lock icon Fund invests US$100m in China's steel sector
        64 12 Reuters [TOKYOI Hong Kong-based Asian buyout fund Baring Private Equity Asia said yesterday it has made two investments related to the steel industry in China worth US$lOO million. The fund said it has sponsored the management buyout of Yingde Gases Investment Ltd (Yingde
        Reuters  -  64 words
    • Article, Illustration
      Lock icon Transmile shares slip by more than a third of its value
      511 12  -  But few analysts think that it is in dire straits By S JAYASANKARAN in Kuala Lumpur THE woes of air cargo company Transmile continued with investors selling down the stock a further 9.4 per cent yesterday to RM8.65 (553.85)
      511 words
    • Article
      Lock icon Indonesian AGO ready to implement extradition treaty
      173 12 Bernama [JAKARTA] The AttorneyGeneral's Office (AGO) said it is ready to carry out the extradition treaty Indonesia has signed with Singapore on April 27, the Antara news agency reported yesterday. "We are all set. The AGO already has experts in Mutual Legal Assistance,
      Bernama  -  173 words
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  • GREATER CHINA
    • Article
      Lock icon Payout to ex-HK tourism chief under spotlight
      523 13  -  Legislators query basis for tying pay to visitor numbers, given China influx By JANE MOIR in Hong Kong THE pay structure for tourism chiefs in Hong Kong has come under the spotlight as a series of scandals and blunders involving visitors from the
      523 words
    • Article, Illustration
      Lock icon THE HK$30m DUO
      71 13 [HONG KONG]A specialist gestures next to a pair of "famille rose"peach bowls from the Yongzheng period (1723-1735) during a press preview at Christie's office in Hong Kong on Wednesday. The peach bowls, which are expected to fetch a price of HKS3O million (Sss.B million), are part of
      AFP  -  71 words
    • Article
      Lock icon HK exchange may relax rule on 25% free float
      456 13 Change will ease dual listings for mainland firms [HONG KONGI The Hong Kong stock exchange will study a plan to relax the 25 per cent minimum public float requirement for all listed firms to make it easier for mainland companies to
      456 words
    • Article
      Lock icon 'Stock market' anthem off-key: China
      195 13 Reuters [BEIJING] Chinese experts have called for laws to safeguard the dignity of the country's national anthem, after pranksters circulated a text message replacing its patriotic lyrics with appeals to invest in the stock market The "March of the Volunteers", enshrined as China's national anthem
      Reuters  -  195 words
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      144 13 Jfc > f U SV- I 7 Enjoy an easier way to drive with the Sl-Drive. m A L ÜBI showroom L No.l Kaki Bukit 1, #01-28 Enterprise One. k 3 engines in 1, enabling you SI-DEMI to maximise engine P confidence to drive safe y. SUBARU driving conditions while
      144 words
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      4256 14 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg l BUY IT- SELL IT FIND IT Kloideo® Nordea Bank Finland Pic Statement of accounts for the year ended 31st December 2006 Balance Sheet Income Statement Group Group EURm Note 31 Dec 2006 31 Dec 2005 EURm Note 2006 200S Assets Operating income Cash
      4,256 words
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  • INDIA
    • Article, Illustration
      Lock icon ICICI, DLF stock sale may revive Indian fund raising
      453 15 Offers will place Merrill Lynch as top share sale arranger in India Bloomberg [NEW DELHI] ICICI Bank Ltd and DLF Ltd's plan to sell a combined US$7 billion of stock may herald a revival in fund raising by Indian companies after
      Bloomberg; BLOOMBERG FILE PHOTO  -  453 words
    • Article
      Lock icon DaimlerChrysler to build US$67m factory in India
      318 15 Bloomberg [NEW DELHI] DaimlerChrysler AG, the worlds sec-ond-largest luxury carmaker, will invest US$67 million to build a factory in India, where an expanding economy and rising disposable incomes have spawned a set of high-spending customers. The factory, to be located at Chakan in
      Bloomberg  -  318 words
    • Article
      Lock icon Biofuels craze catches on in India
      282 15 It increases farmers' incomes, rural employment Reuters [ST LOUIS, Missouri] The biofuels craze is catching on in developing countries like India despite struggles to feed its growing population, an Indian government official said on Wednesday. "We are subsidising the farmer 100 per cent for
      Reuters  -  282 words
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      1396 15 Were Very Hands-On iSBI n °bl e First Quarter Results 2007 TO Up (Incorporated in Bermuda with limited liability) r* Revenues /"7 Net profit O C Annualized 1O Q Q/n increased by x. //O increased by J/U return on equity IO.J /U Dear Shareholders The Board of Directors of Noble
      1,396 words
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  • MIDDLE EAST
    • Article
      Lock icon Saudi Arabia steps up gas exploration
      367 16 It aims to boost gas reserves by 40% as it plans to expand manufacturing Reuters [RIYADH] Saudi Arabia is stepping up exploration to boost its gas reserves by around 40 per cent in the next 10 years as it plans to expand its industry
      Reuters  -  367 words
    • Article, Illustration
      Lock icon PRECIOUS PEARL
      98 16 [DUBAI] It is an irregularly shaped blob of lustrous creamy white, with streaks of luminescent blue and pink. The world's largest natural pearl on the market is 7.9 cm long and is for sale still. No date has been set for a new auction of the gem known
      AP  -  98 words
    • Article
      Lock icon Gulf states to discuss revaluation of their currencies
      137 16 Bloomberg [DUBAI] Gulf Arab states may revalue their currencies after the procedures for a proposed single currency are concluded, A 1 Arabiya television channel said, citing Saudi Arabia's Finance Minister Ibrahim al-Assaf. There will be a discussion on the issue after the
      Bloomberg  -  137 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      6257 16 UNIT TRUSTS FUNDS AM Aim Aaaat Mgt (S'pora) Star Europe Eqlyl" 1.122/ Star Europe Bond 1-187/ Star Europe 84 1-267/ Star Asian Tiger Eq* 41 Star Asm Bc£„ 1.33/ StvAsa&rfanced 1.123/ Star Globd Technology Fundi" 0-222/ MutoSiFd 0377/ Star Asa Bond(US0| 0.878 GliMiltiStUSO 1.171/ Ada Bond WA *****1 Asia Bond
      6,257 words
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      67 16 Allianz Global Investors one of the world's largest asset managers with more Allianz (jfi) than US$l.2 trillion assets under management as at 31 December 2006. Gl0 !i t0rs pjjjfflL FOR us ,T s THE SILVERWARE IN J EfffjßV delighted. But not surprised. We're renowned for producing consistent returns for our
      67 words
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      384 17 International S m 111 >• *"+r- v.:., C-. B ■Iff Tj7 m SINGAPORE H| Ifj^^^Bflll^Bfey T1? RFV JC L*U B >: ;^mm i// @$'if lines Jnß a <i .ninHll i 818 t ®$B||f JH&B o fc. jj ..fraSß.i-j- J^Hg^H WT V«\s?*'■*'S v 1 \h, ißß^lHi^ByfiPnpi £?6i*i ux ft# v A-
      384 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Thomson-Reuters will challenge Bloomberg
      585 18/19 Both boards see powerful, compelling logic for merger NYT [OTTAWA] Thomson, the Canadian electronic information company, on Tuesday sketched out the broad details of its US$l7.5 billion offer for the Reuters Group, the financial and general news service. Although the bid was expected, the announcement did
      NYT  -  585 words
    • Article, Illustration
      Lock icon Real Gordon Brown soon to be unveiled
      575 18/19 AFP (LONDON] His critics call him "Stalinist", while his supporters say he is a misunderstood political heavy--weight. Now the real Gordon Brown is about to step forward, after a decade waiting in the wings. Brown, who has been Prime Minister Tony Blair's chancellor
      AFP; REUTERS  -  575 words
    • Article
      Lock icon Toyota posts another record but warns of slowdown
      386 18/19 NYT (TOKYO] Toyota reported another year of record profit on Wednesday but signalled a slowdown in the current year because of weakness in North America and increased spending. While American rivals like General Motors (GM) and Ford have reported losses of billions
      NYT  -  386 words
    • Article
      Lock icon GIC said to be eyeing Korean broking houses
      317 18/19  -  It visited Korea and met six firms there, including Bridge, Miraeasset, Yu Hwa By HAN MIN CHUNG [SINGAPORE! The Government of Singapore Investment Corporation (GIC), which manages more than US$lOO billion of Singapore's reserves, is reportedly interested in acquiring Korean securities firms.
      317 words
  • WORLD
    • Article
      Lock icon Murdoch woos Bancrofts by appealing to their pride
      585 18/19 News Corp's third-quarter net income rises 6.2% to US$871m Bloomberg INEW YORK] Rupert Murdoch on Wednesday tried to persuade the Bancroft family to sell him Dow Jones Co by offering appeals to their pride. What he didn't offer is more money. "We
      Bloomberg  -  585 words
    • Article
      Lock icon Aviva arm eyes fund for US$2b venture
      185 18/19 Reuters [HONG KONG] The property investment arm of British insurer Aviva pic plans to ask investors to join a venture in Japan to buy US$2 billion worth of buildings, an executive said yesterday. Morley Fund Management Ltd. one of Europe's biggest property fund
      Reuters  -  185 words
    • Article, Illustration
      Lock icon ARISTROCRATIC ROCKS
      60 18/19 [GENEVA] A Sotheby's employee presenting a cushion-shaped yellow diamond weighing 102.54 carats (left) and a pear-shaped yellow diamond weighing 82.48 carats (right), property of the aristocratic Donnersmarck family, during a press preview here on Tuesday. The Donnersmarck diamonds are each estimated to fetch US$1.5 million to US$2 million
      AP  -  60 words
    • Article
      Lock icon Britain's free newspapers step up war of words
      525 18/19 Paper accuses rival of dumping to inflate circulation NYT [LONDON) British tabloids typically send out paparazzi to poke into the lives of the royals, soccer coaches and supermodels. Lately, however, two free newspapers fighting a circulation battle on the streets of London
      NYT  -  525 words
    • Article
      Lock icon KFC takes English pub to court over 'Family Feast'
      259 18/19 AFP (LONDON] Every Christmas, a remote pub in northern England serves a traditional holiday meal consisting of pate, turkey, roast beef, trimmings and pudding, under its "Family Feast" menu. According to reports yesterday, however, American fast food giant Kentucky Fried Chicken
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      232 18/19 I I Mulberry 1 i 1 \jjL3 I IjfctM JIM I fl There's an Oasis for every generation. I I few i- I I 1 fjH I I J \A J jtilMk 11' Live fullest at the a £nfl |1 I 1 1' U MM Ifc B Jji ifl f
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  • AVIATION
    • Article
      Lock icon Delta offers 21 more flights from LA
      459 20 Future expansion to involve services to Asia, Africa, M-E Bloomberg [ATLANTA] Delta Air Lines Inc, the third-largest US carrier, is adding 21 daily flights to nine North American cities at Los Angeles International Airport, where it is building up a hub to feed
      Bloomberg  -  459 words
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      Lock icon No decision on stake in China Eastern: SIA
      520 20  -  But talks on cooperation with the loss-making carrier still ongoing By VEN SREENIVASAN [SINGAPORE] Singapore Airlines is not about to announce any impending purchase of a stake in China Eastern Airline, but yesterday said that it remains in talks about possible cooperation.
      BLOOMBERG  -  520 words
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      Lock icon Gulf Air may start daily flights to Kuala Lumpur from July
      203 20 Bernama [MANAMA] Bahrain-based Gulf Air will increase the number of its flights to Kuala Lumpur from July to cater to demand from tourists during the summer season in the Gulf states, said Tourism Minister Tengku Adnan Tengku Mansor. Gulf
      Bernama  -  203 words
    • Article
      Lock icon Southwest Airlines seeks marketing accords
      186 20 Bloomberg [DALLAS] Southwest Airlines Co, the largest lowfare carrier, said it will consider more marketing agreements, including for international service, as it tries to lure more passengers onto each plane. It also may slow its plan to add 32 planes next year if US demand
      Bloomberg  -  186 words
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      Lock icon Airbus revamp leads to Q1 losses at EADS
      146 20 AFP [PARIS] Restructuring costs at embattled European aircraft maker Airbus led to first-quarter net losses of 10 million euros (5520.5 million) at its parent group EADS, the aerospace giant said yesterday. In the same period in 2006, the European Aeronautic Defence and
      AFP  -  146 words
    • Article
      Lock icon Ryanair starts European airline price war
      348 20 Reuters [LONDON] Irish low-cost airline Ryanair said on Wednesday that it was launching a price war against other European airlines, giving away 10 million seats virtually free in its biggest ever promotion. The five-week promotion came after several days of weakening shares in the
      Reuters  -  348 words
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      Lock icon Jetstar, Valuair appoint commercial head
      217 20 [SINGAPORE] The twin airlines Jetstar Asia and Valuair have appointed Raphael Saw as their head of commercial. Mr Saw, 43, will assume the post on June 1, replacing Paul Daff, who left the airlines recently. He will be responsible for the overall development of commercial
      217 words
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      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2239 20 oty wan it* mw n» aar m LH9770 234S XltW 17?0 XPW 2?4f tSSl-^sara SO323 0630 KL838 224S AZ3992 15SS L***** 2345 KL837 1555 SQ324 2345 AtiwL AC5202 2335 AC5203 Owl —S5iSg £S?Si UL2433 0150 EK432 2120 SQ282 0645 UL2432 2120 LH9767 2035 LH9766 2155 NZ4386
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  • SHIPPING
    • Article, Illustration
      Lock icon Indonesia slams maritime watchdog over piracy report
      351 21 A quarter of pirate attacks took place in Indon waters in 1st 3 months: IMB AFP [JAKARTA] Indonesia hit out at the International Maritime Bureau (1MB) yesterday over a report that names its waters as the most dangerous in the world. Defence Minister
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    • Article
      Lock icon Babcock to buy UK nuclear dockyard for £350m cash
      283 21 Reuters [LONDON] Support services company Babcock International Group pic has agreed to buy Devonport, the dockyard where Britain refuels its nuclear-powered submarines, for £350 million (551.06 billion) cash, it said yesterday. Babcock, which also posted a 40 per cent rise in
      Reuters  -  283 words
    • Article
      Lock icon TRANSPORT STOCKS
      281 21 S6X m May 10 SS -W- Vol Ch Offshore ...AM 0.01 ***** Chuan Hup Htdgs .0.37 unch 2846 Cocoo Corp 2.68 -053 ***** CvrtLknftad 058 -0.01 325 Eir»Hldgs 5.60 0.05 1065 Freight Unks A14 -0.01 9292 Grand Banks, 1X17 unch 4 Java Hold Ltd 150 0.02 153 K
      281 words
    • Article
      Lock icon Exporter loses shipment case due to time bar
      759 21  -  ADMIRALTY CASEBOOK By SELVA KUMAR A MALAYSIAN exporter that was not paid for several shipments of furniture to a distributor in the United States has lost a bid to recover its losses from the company that arranged its consignments because it failed
      759 words
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      Lock icon Persian Gulf tanker rates firm
      289 21 Bloomberg [LONDON] The cost of shipping 2 million-barrel cargoes of Middle East oil to Asia, up 71 per cent since April 23, may extend its gains because of a shortage of tankers. There are 57 very large crude carriers, or VLCCs, available for hire within
      Bloomberg; FILE PHOTO  -  289 words
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      27 21 GOOD Let your investors know by advertising your financial results in our newspapers. Calf 1800 289 8822 or email notices@sph.com.sg. 1 H| :mM Hp ts. j. f
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      91 21 FOR SALE BY TENDER Residential Redevelopment >us Inttfdwny Site at Balestier Road, to. w* vo Hang Tat Garden PIE (Jin Toa Payoh) Land area 2,341.2 SfTl 1 (25,200.4 sq ft) jin Rajah *S/ 4 J Freehold A Sub>ect m Master Plan 2003 W Property JB pR 2gup tQ stQreys JBp
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      93 21 Fancy some yakitori? YAKITORI literally means 'grilled bird' and traditionally consisted only of various parts of chicken. In modem usage, it can refer to chicken, beef, pork, seafood or even vegetables on skewers. Enjoy that and other Japanese cuisine at Sumi Yakitori at 82-101/104 of The Centrepoint and get up
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  • EDITORIAL & OPINION
    • Article
      Lock icon How Singapore can remain competitive
      507 22 EDITORIAL SINGAPORE needs to groom, nurture, woo basically produce academic entrepreneurs to make the big leap to become an innovation-driven economy, according to a US college president. In a BT interview, Harold Raveche, president of Stevens Institute of Technology, a top science and technology school,
      507 words
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      Lock icon Monetarism, becomes fashionable again
      1011 22  -  Central bankers are now saying that it can act as an early warning of inflation problems By STELLA DAWSON Reuters Monetarism is back in vogue among some central bankers, though with a modern twist and a status much reduced from the 1980s. The Bank of England
      Reuters; FILE PHOTO  -  1,011 words
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      Lock icon Beijing's int'l ties still driven by pragmatism
      742 22  -  THE BOTTOM LINE FRANK CHING DESPITE its insistence that it does not interfere in the internal affairs of other countries, China's rapidly deepening involvement with the rest of the world, especially in Africa, is causing it to be sucked into their internal affairs.
      742 words
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      Lock icon The poor are still among us
      932 23  -  ADB governors were riled when it was suggested that fighting poverty should no longer be the bank's overarching objective ANTHONY ROWLEY Tokyo Correspondent THE poor, it is said in the Bible, "shall be with us always". While this has come to be seen as
      AP  -  932 words
    • Article
      Lock icon Companies should disclose remuneration more clearly
      227 23  -  Ang Hao Yao I REFER to the article "Treat disclosure seriously" (BT, May 9). In the article, the writer recommended that the authorities treat breaches of disclosure more seriously. On that same note, I would like to urge companies to treat their disclosures more
      227 words
    • Article
      Lock icon Identify star private bankers by how they manage relationships
      429 23  -  LETTERS TO THE EDITOR Andrew Macdonald Managing director Mieza Consulting I WAS very pleased to see the BT editorial identifying the financial sector's urgent need for a viable long-term strategy for attracting and retaining talent ("The need to train private bankers",
      429 words
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      Lock icon BURSA MALAYSIA
      2424 23 VOL myw W- CMS AIM Realty 2.40 -0.05 99 AtykBhd .0.32 0X>1 100 Acp Industries _2.16 0.02 279 Advance Synergy 0-3* unch 789 AdventaBhd __1J5 -002 11* AeMuMHtdgs 034 001 SO Affin Holding 228 0.02 2558 Ahmad ZakiResou 2.99 0.02 205 Ak Corp .0.60 mil 41 AirasiaBhd .2-08
      2,424 words
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  • Article
    Lock icon SINGAPORE STOCKS
    10948 24 SGX MAINBOARD S2-M Td Last Vol Day Last Quote Mv GrTM Ml MCao High Low Code Company Salt +7- COBO) Wgh law »nyr Mj» Cw HE 15 2 5716 1st Software 2 susp at 15 6 3148 STelecom 12 -0.5 1080 13 11 5 11.5 12 4.7 13
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  • Article
    Lock icon FINANCE & COMMODITIES
    7474 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr %dy yr dy *yr May 9 lnd«x Change Change Change Change Change Change World Index Preliminary 1174.6 0.1 6.7 0.1 6.4 0.2 1.8 t EAFE Preliminary 1183.6 0.3 6.9 0.4 7.3 03 8.8 Europe
    7,474 words
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  • Page 26 Advertisements
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      1279 26 UK CONTINENT SERVICE U.3.A SERVICE Destination Destination NIPHA NAREE RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NCX/SAV Loods Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE KE./S.EJL 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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      Lock icon Page 26 Advertisements Column 2
      629 26 KAMfffT) HBGHTW WO KM U» I SW MT SnWTSEMWSSM 30 4.0 04/05 08/05 STUTTC EXPIBSIO 30 4.0 13/05 17/05 20/05 22/05 Imsa/vOT o**0** «oww) ~ia M I m stp m m m MESOEN/043 100 SJ 21-21/04 05-05/05 07-07/05 Oflo/05 12-12/05 14-14/05 posmwittoa/oio 100 s.o 11-12/05 24-24/05 21-21/05 30-31/05 02-02/04 04-04/04
      629 words
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  • Page 27 Advertisements
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      1646 27 WAN HAI INTERNATIONAL PTE LTD a m MMsnoooo/R Vr.A 1H:*****588 (HUMS) FAX:6224U63 I\\M 1 WAN HAI I iNrX C rtM^ Mwtf!*■• 0800)*****200 V V TVnll lIHI LI ImL J mi&miMMMHutmjHaainNMbMattinFNbiKßMMt JOM IB: «7) 251*23 RUL »7)251 W2l SM*: B31) 32*5475 HUL *******2714/32*1305 iifi.b.i rn. t. ItllH:(021) *****11HUL(021)*****11 MlIH: 7)0(0/*****1 HUL
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      Lock icon Page 27 Advertisements Column 2
      1301 27 |~jn EASTERN CAR LINER, LIB If 1 SPEQAIIZEI RORO 9. HEAVY UFT UfTO 450 TONS VOT I tw I Hi 1 nw 1 IT I »m 1 ia ggLK 35 10 14/ OS 14/05 n/os (MAI HBO 77 50 10 24/05 77/05 ESTKELLA ETEKHA 140 40 W6T 31/05 oauitiut m
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      Lock icon Page 27 Advertisements Column 3
      649 27 m WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS uron DOT SHI riIJWG COUMMO shba couhmo HOMAHM 00A7W 15 MAY It MAT DM) BMT 27 MAT row www mnos ?4 mat own <m oiam osjw lAJIYGAAOHI QUO HUH T 30MAT 07lUM OXW 10Ml ALSO AOTWG
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING GUIDE EXPORT
      7309 28 This ETA ETA Advtrtbtr VmmI Voyage Tttaphon* 1 SIN Dasfn Norn Nam* Mumb«f Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 22X15 25/06 Detmas DELMAS CAMEROUN 721W *****344 30/05 02/07 Delmas DELMAS LIBREVILLE 722W *****344 30/05 10/07 Delmas DELMAS LIBREVILLE 722* *****344 06/06 09/07 Delmas
      7,309 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      415 28 IRISL/ Qdm k) Qlh® IM(M j (te ®oo Q(himyg)!h IbSOO (few fks) fimQems] tpatimite 3® ®s os (to (&0O& (g&ajinQijites San Vlh® (fa&Qmi) Qp@mtfo Mum* SIHfiAPORF RFGIOHAL OFFICF' AGENT IN SINGAPORE: AGENT IN MALAYSIA; AGENT IN INDONESIA: IBISI ASi» PTE LTD SINOSE MARITIME PTE LTD BOUSTEAO SHIPPING AGENCIES SDN BHD
      415 words
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      Lock icon Page 28 Advertisements Column 2
      358 28 —frK' I ii —Ta. r rci« ««hi j&Tffilr i»« II 111 II allM *****11 H^Q^iul^SSu^uHl UMALUU 211 IMS 2JZii_ Bffl fflai liVfll lftM 5?Vm mm —Hp —war- mi w^ bm wh m^^mr— in in 1 IMM!■ 1 Mart* J*-* w Itd It. I ttJ\ mI *W It. *J Vn g\
      358 words
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      353 28 fife GLORY NAVIGATION GROUpI I( SINCE 1970 I OWNS A OPERATES THE YOUNGEST FLEET j WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING g THE ENTIRE ASIA PACIFIC PORTS I a REGULAR WIEKLY SCRVICES: a IKAOHSIUNO A CHINESE PORTS, HONG KONG TO A FROM I SOUTHEAST ASIA J SMGAPOtt MAF
      353 words
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  • EPICURE/NIGHT OUT
    • Article, Illustration
      Lock icon Comforting diners with a clean cooking style
      781 30  -  It's a veritable United Nations of food that is sweeping through Singapore this month, with France, New Zealand, Italy and Pakistan showcasing their cuisine at various establishments in town. We check out homey NZ cooking and exotic Pakistani cuisine By GEOFFREY EU UNLIKE
      781 words
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      Lock icon Tasty snapshot of an ancient culture
      502 30  -  By JAIME EE THE flavours of the ancient Mughal Empire came riding into town this month to where else but the Raffles Hotel Tiffin Room home to one of the most popular North Indian buffets in town and now the host of visiting chefs
      502 words
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      Lock icon Trendy new-gen dining outfits throw parties
      556 30  -  By GEOFFREY EU THE bold, the brave and the beautiful not to mention the merely blase converged this week on two trendy new-generation dining destinations, each of which had good reason to throw a party. Graze at Rochester Park combined its new menu launch
      556 words
    • Article
      Lock icon What makes a great wine
      1047 30  -  By N K YONG THE highlight of WGS 2007's wine programme was indubitably the lecture seminar conducted by Serena Sutcliffe MW. The theme was "What Makes A Great Wine". To illustrate her lecture, she chose the following wines: Puligny-Montrachet ler Cru Les Pucelles 2004 Chateau
      1,047 words
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  • CINEMA
    • Article, Illustration
      Lock icon Creating a different look and feel
      750 31  -  CHRISTOPHER LIM reports that Singapore's first animated feature, 'Sing to the Dawn', will focus on content, not flash CHRISTOPHER LIM Animation fans will be treated to something unique next year when Singapore's first animated feature film, Sing to the Dawn, premieres in June 2008.
      750 words
    • Article, Illustration
      Lock icon Dragon-lore that needed a better story and acting
      427 31  -  DVD By PARVATHI NAYAR THANKS to the success of Lord of the Rings and Harry Potter, young wizards are hip icons of our time, and fantasy, a pretty cool genre. This stuff is gobbled up as entertaining, escapist fare, not just by
      427 words
    • Article, Illustration
      Lock icon No real bite to this sequel
      529 31  -  By GEOFFREY EU DANNY Boyle wielded his brand of sci-fi horror to interesting effect a couple of years ago in 28 Days Later, but the novelty wears thin in 28 Weeks Later, an unrelenting and ultimately tiresome gore-fest fol-low-up that features more flesheating zombies
      529 words
    • Article, Illustration
      Lock icon The other Audrey was better
      537 31  -  By GEOFFREY EU A LIGHTER-THAN-AIR confection about a bed-hopping, hot-shopping ingenue who serves as a brighteyed plaything and bushy-tailed fashion accessory to rich older gentlemen while being pursued by a cute but hopelessly poor younger guy is no novel concept but how many movies are
      537 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      218 31 CRYPTIC CROSSWORD 17 I.e. to go over time after time af- LyJHL—JHL—bH—amok (5,3,5) DOWN 9 Leader bunkered, unable to see YESTERDAY'S SOLUTION 2 Religious education with part of the problem? (4 2 3,4) Across: 1 Abroad, 4 Lacrosse, 9 Bible? Just the opposite! (7) 15 Second part of 3 (5)
      218 words
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  • WOMEN ON TOP
    • Article, Illustration
      Lock icon Finding fortune Down Under
      2046 32  -  Australia's wealthiest self-made woman attributes her success to hard work, dedication and sacrifice in early years, reports ANNA TEO ANNA TEO SHE became a chief executive at 21 in an all-blokes industry, and eventually started her own business because she found herself pregnant and was convinced
      YEN MENG JIIN  -  2,046 words
  • Page 32 Advertisements
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      55 32 f/leuti/'i/ncst BLACK luxury collection Black in Style. Re-defining Luxury Bedding. r-WHmw/m If SIMMONS GALLERY Great World City #02-04 Tel 6733 1366 IMM Bu.lding L3-22A Tel 6505 831 1 Manna Square #03-341 Tel 6339 7966 Paragon #04 06 Tel 6734 0660 SIMMONS BETTFRSLEEP™ The Furmture Moll #01 20 Tel BRUNEI HONG
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      12 32 This four-part series on top women achievers is brought to you by
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  • executive lifestyle
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      Lock icon An intricate essay on the nature of love
      591 33  -  THEATRE By TERENCE CRAWFORD BY 6.30 pm, the crowd begins to build. Picnic blankets are laid out, and champagne is chilling on the sloping green of Fort Canning Park. The party atmosphere is oddly enhanced by the fact that we've gathered to
      591 words
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      Lock icon A disparate collection
      592 33  -  MUSIC Reviewed by BEN MUNROE From the Heart Katherine Jenkins Universal Rating: C MUCH has been written about the possible waning popularity of traditional classical music and the vanguard of young crossover artists who are incorporating popular songs into their repertoires and going to market with big
      592 words
    • Article
      Lock icon Why superheroes don't take the bus
      577 34  -  off the cuff jaime ee I JUST realised something about superheroes. They have one thing in common, which may or may not have been a deliberate act by their creators: none of them takes public transport. And even when they have their own wheels,
      577 words
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      Lock icon Collective creativity
      1547 34  -  Fashion designers, architects and even toy makers in S'pore form coalitions to achieve more as a group than what they could individually, reports CHEAH UI-HOON CHEAH UI-HOON THEY'RE creative, they're gung-ho about design, and they believe in working together besides blazing their own solo artistic trails. Such is
      JOHN HENG  -  1,547 words
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      119 34 HM CINEMA Ist animated feature ■■.•Jistt."> /•'r Trifln^MMli^BßlFillMiMßß^MW^ai^^^MnwnßyrifcMir^ Never be lost again. A. >^^4v,' 111 fl THE GRANDIS WITH GPS NAVIGATION SYSTEM AS STANDARD. The sportier and stylish ride is now even smarter. The Mitsubishi Grandis now comes with a GPS navigation system to give you precise directions whether you're
      119 words