The Business Times, 15 May 2007

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 36
1 36 The Business Times
  • 18 1 THE BUSINESS TIMES •^GAPOREiWente A SINGAPORE PRESS HOLDINGS PUBLICATION Tuesday, May 15,2007 online at http://business-times.asial.com.sg MICA (P) 202/12/2006
    18 words
  • 549 1  -  Quitting for 'personal reasons' may not cut it under new guidelines By JANE MOIR in Hong Kong DIRECTORS who bail out of Hong Kong listed companies for 'personal reasons' will have to be more forthcoming with the circumstances of their departure under a
    549 words
  • 904 1  -  Record profits and diversification abroad are helping to ease the pressure for consolidation By WONG WEI KONG [SINGAPORE] Another round of domestic banking consolidation while it can never be ruled out seems unlikely to take place in the near term, banking chiefs
    904 words
  • 133 1 sn 3,501.10 (+54.18) ST INDEX FUTURES 3,499.00 (+54.00) SIMSO 430.99 (+7.35) SIMSO FUTURES 431.60 (+7.70) MARKETS Monday Change KLCOMP 1,359.59 +8.14 NIKKEI 225 17,677.94 +124.22 HANG SENG 20,979.24 +511.03 SET INDEX 712.18 +5.28 JAKARTA COMP 2,044.21 +21.91 MANILA COMP Closed SEOUL COMP 1,605.77 +2.21 SHENZHEN B 764.82 +41.79
    133 words
  • Page 1 Advertisements
    • 22 1 SME SPOTLIGHT *^1 Musicßcx scores **********111 l 8 *****1"*****4 PROPERTY Farrer Court's en bloc price tag expected to hit $1.5b PAGE 12
      22 words
    • 7 1 S'PORE SHARES STlhits all-time high PAGE 2
      7 words
    • 50 1 T/Q(C^ARGl^^^^^ CAR DEAL DaimlerChrysler to sell 80.1% of Chrysler PAGE 21 \\m y w^B rv ftp?/ ?v-*< V- k JV^jj^"' h is j I' Classique Collection Perpetual Calendar ***** A ?t\i-; LHESI Montrea Breguet SA, Valine de Jcux, Switzerland www.breguet.com Liat of the Breguet authorised retailers and catalogues: 6275 6388
      50 words
    • 27 1 BANKING FINANCE A 20-page supplement with your BT tomorrow. Topics include: CEO interviews Wealth management Funding SMEs Hedge funds and private equity -Housing loans and credit cards
      27 words

  • TOP STORIES
    • 353 2 HK leads the pack outside of China and Japan, followed by S'pore Bernama [SINGAPORE] Most Asian economies continue to have more tax-friendly environments compared with other parts of the world, according to the 2007 Forbes Tax Misery Reform Index. "The survey shows
      Bernama  -  353 words
    • 574 2  -  Robust S'pore corporate earnings also add to strength By CONRAD TAN [SINGAPORE] The stock market here rose to an all-time high yesterday, buoyed by strong corporate earnings results and gains elsewhere in Asia on a wave of good news. The Straits Times
      AP  -  574 words
    • 751 2  -  Reserves potentially available to fund managers are mind-boggling By ANTHONY ROWLEY in Tokyo THE amount of money that could become available for management in the private sector if more Asian governments decide to farm out official reserves to professional fund managers is "mind-boggling",
      751 words
    • 1094 4  -  By WONG WEI KONG [SINGAPORE] All three Singapore banks share regional ambitions, but getting there is where they differ. While DBS Bank's ambitions span the whole of Asia and it remains on the lookout for sizeable acquisitions, both United Overseas Bank
      1,094 words
    • 497 4  - IDR may dominate PM LeeAbdullah talks But major initiatives not a certainty, says Syed Hamid By S JAYASANKARAN and DANIEL BUENAS in Langkawi PLANS for the Iskandar Development Region (IDR) in Malaysia's southern Johor state are likely to take centre stage in today's talks between Singapore Prime Minister Lee Hsien
      497 words
    • 763 2 S'pore banks chart own course for regional growth ALL three Singapore banks share regional ambitions, but getting there is where they differ. While DBS Bank's ambitions span the whole of Asia and it remains on the lookout for sizeable acquisitions, both United Overseas Bank and OCBC Bank are
      763 words
  • Page 2 Advertisements
    • 54 2 IFTMS 533! "i I since m Want to know more about the CFA program? Want to know more about the exciting executive study system provided by FTMS? Hesitate no longer. ftijE^ Venue: FTMS House, #02-01 Tel: (65) *****033 Fai: (65) *****060 Website: www.ftnnglobal.com i*. The grand prize winner is Mr
      54 words
    • 11 2 people Black belts wanted. Www .iKv>'*■"< >ni Asm Pacifn xecutive Search
      11 words

  • Page 3 Advertisements
    • 59 3 •r We invest in top talent worldwide. It's why we have such a strong track record in Independent Asset Managers His? asset management. Bank Pictet Cie (Asia) Ltd 80 Raffles Place# 17-01 UOB Plaza 1 DTf^TpT Singapore *****4 Singapore mmMuL k 1 L< 1 Tel. +65 6536 1805 Fax +65
      59 words

  • Page 4 Advertisements
    • 200 4 SOUND GALLERY Audio Visual Specialist A 4000 square feet showroom, with 5 dedicated demo rooms, giving you all the sound you need, all at one location. Array of award-winning designed 5.1 Home Theater Systems to blend in with your modernlifestyle. Facilities allowing us to demonstrate the system you have chosen
      200 words

  • Page 5 Advertisements
    • 389 5 v fit T$ X^k#*l^f3^H!^^H^H^lHH x I i sl f I m *P'PFW* f r w -*$P^3uy! S p |-< i-'#"ipcaa 7 wr r i v i y \v, I I V I L—X -^P^ r m I _MtiT'7'D tin n ak i An "T* r iMM/i v ''3iMHM^H^H^^HfiEl%^niMHßiMtiMtf!flßl^^^B URBAN A
      389 words

  • SINGAPORE MARKETS
    • 532 6  -  STOCKS This ranges from Wall St rally to China overseas investment rule changes to F1 and domestic earnings TEH HOOI LING Senior Correspondent IT'S been nothing but good news. Yesterday, a confluence of positive news and developments sent the benchmark indices in Singapore,
      Source: Bloomberg  -  532 words
    • Article, Illustration
      937 6 SECURITIES TRADING SCOREBOARD MAIN SIX) TOTAL Up Down Unch Up Down Undi Ug Ppwn JfiKh Multi Ind 6 6 5 1_ 0 0 7 6 5 Manufacturing 71 83 62 8 20 22 79 103 84 Commerce 20 31 28 5 8 6 25 39 34 Tpt/Stor/Comms 26 11 8
      937 words
    • 338 6  -  Compiled by MATTHEW PHAN China Wheel May 14 close: $0.73 UOB KAY HIAN RESEARCH, May 14 CHINA Wheel's IQO7 results: The China-based aluminium wheel producer's net profit more than doubled to 21 million yuan or Ss4.l million (excluding 4.5 million yuan tax benefit from the government), while sales
      338 words
    • 353 6 CHART POINT Kelive Research AS GLOBAL equity markets scale new heights every week, it is inevitable that the strong rallies be accompanied by increased shortterm volatility. Notice how the US stock market tumbled 148 points its steepest fall in
      Kelive Research; Source: Reuters  -  353 words
    • 544 6  -  CURRENCIES LARRY WEE Senior Correspondent AFTER a decent correction towards the close of last week, the US dollar was in retreat again yesterday after weak readings for April retail sales and producer prices on Friday evening. In contrast, strong figures Down Under gave
      Source: Reuters  -  544 words

  • COMPANY NEWS
    • 724 7  -  HOCK LOCK SIEW By MATTHEW PHAN JUDGING from its share price, Hyflux has had a rocky past year. The stock's price has swung up and down several times: up on news of new contracts, down on disappointing results, up again as investors regain
      724 words
    • 470 7  -  Analysts raise share price target to as much as $25.60 By VEN SREENIVASAN AS expected, Singapore Airlines' shares soared to new highs yesterday, lifted by strong earnings, generous dividend and an impending capital reduction. The counter soared 90 cents or 4.9
      Source: Bloomberg  -  470 words
    • 550 8 Lower rates lead to smallest quarterly profit in four years [SINGAPORE] Stinging from the bite of lower freight rates and volatile fuel prices, Neptune Orient Lines (NOL), operator of the world's eighth-largest container shipping line, reported its smallest quarterly profit in four years.
      550 words
    • 530 8  - CityDev's Q1 profit trebles, revenue rises 42.1 Revenue from property development up 247% By ARTHUR SIM CITY Developments Limited (CDL) has more than trebled its first-quarter net profit to $126 million from $41.21 million. For the three months ended March 31, revenue jumped 42.1 per cent to $769 million from
      FILE PHOTO  -  530 words
    • 153 8 INSTEAD of just reading! enviously about self-made businessmen, why not get started on the path of becoming one yourself? Aspiring entrepreneurs can soon get first-hand tips! on starting a business from those who have actually succeeded at it, while those who already have their own business
      153 words
    • 457 8  -  By RONNIE LIM US oil giant Chevron and home-grown Singapore Petroleum Company (SPC) are going ahead with building their clean fuels project, starting with a US$Bl million revamp of the hydrosulphuriser plant at their joint venture Singapore Refining Company complex to produce ultra-low sulphur diesel
      457 words
    • 334 8  -  By AMIT ROY CHOUDHURY SINGAPORE Computer Systems (SCS) yesterday reported a sixth consecutive quarter of profit for the three months ended March 31. First-quarter earnings for the information and communications service provider leapt 67 per cent to $2.54 million from $1.52 million
      334 words
    • 289 8  -  By CHARMIAN KOK CHINA Farm Equipment, which was listed on the mainboard in February this year, yesterday announced a net profit of 3.6 million yuan (*****,000) for the first quarter ended March 31, up from a proforma 1.31 million yuan. The 174.9 per
      289 words
    • 475 9  -  By MATTHEW PHAN GEMS TV will continue to face challenges in the next two quarters, chief executive Jason Choo said in a conference call yesterday, after the jewellery retailer saw earnings take a beating for its third quarter
      475 words
    • 286 8  -  By ANGELA TAN WANT Want Holdings saw its share price by almost 12 per cent to a record clofferflfi U552.29 yesterday after its chairman, Eng Meng. expressed an interest in a possible transaction involving shares of the Taiwanese $nack maker at an indicative
      286 words
    • 371 9  -  Higher tax costs with ending of tax break cited as reason By MATTHEW PHAN DESPITE higher'revenue, Bio-Treat Technology's net profit stayed flat at 89.2 million yuan (5517.6 million) for its third quarter ended March 31 the result of a surge in
      371 words
    • 737 9 STATS sets up new R&D facility here STATS ChipPAC has announced the setting up of a new R&D facility in Singapore, dedicated to developing next generation technology. PacNet reports 9% rise in Q1 profit PACIFIC Internet reported a 9 per cent gain in Q1 net income to US$1.68
      737 words
  • Page 7 Advertisements
    • 2 7 Hot Ipo
      2 words
    • 198 7 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

  • Page 8 Advertisements
    • 242 8 can assist you with offshore iait«iiV~ r r structures, shelf companies ■HT/ and incorporations in Ali. British Virgin Islands Cayman Islands Bahamas Mauritius Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for assets protection estate planning. For further information
      242 words


  • SINGAPORE CORPORATE AWARDS
    • 1184 10  -  MICHELLE QUAH looks at how the Singapore Corporate Awards create awareness of the importance of substance over form in boardrooms MICHELLE QUAH THE look and nature of the boards of companies have changed much in recent years, thanks to an increasing focus on good governance
      1,184 words
    • 896 10 THE CEO of the Year Award is a new category introduced for this year's Singapore Corporate Awards (SCA) that aims to recognise the outstanding chief executives in Singapore who have led their organisations to new heights. But what sets this award apart
      FILE PHOTO  -  896 words
  • Page 10 Advertisements
    • 43 10 +65 6431 m I H www.ubs.com/asia ÜBS wealth management, asset management and investment banking services to individual, corporate and institutional investors. ÜBS If headquartered in Switzerland and operates in ow 50 countries and from all major financial centers. ©ÜBS 2007. All rights reserved.
      43 words

  • Page 11 Advertisements
    • 253 11 H J FOR OVER 40 YEARS, 9 OUR FOUR CORE PI LLARS HAVE 9 Pi ffil n 1.1 All iS BLOSSOMING: I i.» 9 CC)^ C USN ESS I [|j|| CDL A Name Synonymous with Quality, The J4 BCA Awards Conferred on CDL, 2005-2007 M Design, Service and Innovation. Butterworth
      253 words

  • SINGAPORE NEWS
    • 487 12  -  83% of private sector workers now on some form of flexi-wage By CHUANG PECK MING WAGE refbrm has made good progress over the three years since it was started, with more employers bringing in flexi-wage systems in small and midsized enterprises as well as the non-union
      487 words
    • 428 12  -  By MATTHEW PHAN MULTINATIONALS and large local companies in Singapore are starting to offer a flexible menu of benefits for employees to tailor to their own needs, an international business consultant has told BT. Andrew Heard, Watson Wyatt's managing director for Asean, said the
      428 words
    • 739 12  -  Asking price is the highest yet for an en bloc site By KALPANA RASHIWALA THE first collective sale with a price tag of more than $1 billion has now arrived, as Farrer Court goes on offer with an official expected price of
      739 words
    • 474 12  -  By RONNIE LIM GERMAN chemicals giant BASF has set up a second research and development (R&D) laboratory here, this time for organic electronics, as part of its plan to invest $30 million in R&D here in the coming three years. Already, three
      474 words
    • 448 12  -  Poll shows monthly savings are second highest in world By GENEVIEVE CUA A GLOBAL retirement survey by insurance giant AXA Group has found that Singaporeans rank secondhighest in terms of monthly savings for retirement at $824 the likely amount they save under the CPF scheme.
      448 words
    • 343 12  -  By ARTHUR SIM THE Urban Redevelopment Authority has received a committed bid of $172 million for a commercial site at Anson Road/Enggor Street and will now put it up for public tender. The 0.37 ha site was only put
      343 words
  • Page 12 Advertisements

  • SME spotlight
    • 1515 13  -  YOUNG TECHNOPRENEURS Phileo Marketing founders plan to make their proprietary karaoke software system a household name, writes NANDE KHIN NANDE KHIN THE lastest Top 40 and Mandopop hits, microphones, pubs and clubs owners. These are what two young Singapore men deal with in the course of
      JOHN HENG  -  1,515 words
    • 650 13  -  By VICTOR LEE WITH more MNCs choosing Singapore as a base for their regional headquarters, and increasing Reit activity, commercial property is becoming a popular investment choice. Today, many SME business owners are jumping on the bandwagon, choosing to purchase commercial property some with
      650 words
    • 977 14  -  Digilab pioneers tell LIN ZHAOWEI how the company grew from offering simple printing services to providing a range of integrated web and print solutions to its clients LIN ZHAOWEI ASK 28-year-olds Zubinn Tan and Tan Keng Swee what their company does and you will not
      JOHN HENG  -  977 words
    • 899 15  -  SMALL CAPS Beginning with one factory, it has grown to 10 facilities across China with over 700 workers, says TAMARA MOHANAN KUPPUSAMY TAMARA MOHANAN KUPPUSAMY WHEN Chen Li Hui was working in a microfilm factory over a decade ago, he noticed something was wrong. As
      FILE PHOTO  -  899 words
    • 352 15  -  By TEH HOOI LING OUR small-cap portfolio did well in the last five trading sessions to yesterday despite a loss of momentum in the broader market. Our portfolio edged up 1.8 per cent compared with UOB Sesdaq Index's slide of 1.2 per cent and the Straits
      352 words
  • Page 13 Advertisements
    • 327 13 q&a Citi Private Bank Wealth to Last Many Generations, Not Just a Single Lifespan HK,; v,/t% I HHK'-': 1 I as Mffißi I. V i/\ j kiwi Hi' ■BET 7 it ■>,^ HHB Singapore, M#>»ll>J| JfUlftll. ,'a, Ttiintiwii >•>... 1 BNw>>. *JI Q Why do I need wealth management? Q
      327 words

  • Page 14 Advertisements
    • 222 14 I PROGRAMME REGISTRATION Ssls per pax (inclusive of lunch) j H I Atlas Sound Vision Fax in this form, complete with details, to 6319 8183 now ;fl Making the Sound Turnaround-The Early Years H Name (Mr/Ms) Breadtalk aj Ic H Raising the Dough j NR,CNo Dateofßirth Marital Status Age j
      222 words

  • Page 15 Advertisements

  • ECONOMY WATCH
    • 570 16 It expands 36.9% in March to reach a record of 3.32t yen Bloomberg [TOKYO] Japan's current account surplus widened to a record in March, as exports to Asia and Europe helped counter slower growth in shipments to the United States. The surplus expanded 36.9 per
      Bloomberg; AP  -  570 words
    • 445 16 Leaders share similar opinion on managing risks: Japan minister Bloomberg [TOKYOI The Group of Eight nations agree on the need to manage risks associated with hedge funds and will discuss the investment vehicles at a meeting in Germany this week, Japan's Vice-Finance
      Bloomberg  -  445 words
    • 207 16 Bloomberg [TAIPEI] Taiwan's economy may expand at 4.6 per cent this year, faster than the government previously predicted, Minister of Economic Affairs Chen Ruey-long said. Growth of 4.3 per cent for Asia's fifth largest economy for this year was predicted by
      Bloomberg  -  207 words
    • 425 16 AP [HAVANA] The golden arches are nowhere to be found. There's not a single Starbucks or Wal-Mart, and no way to buy a Budweiser, a Corvette or a Dell. But even in Cuba, you can get a Coke. Despite the US
      AP  -  425 words
    • 92 16 Bloomberg [SEOUL] South Korea's economy, which expanded at the slowest annual rate in almost two years in the first quarter, is "improving", Finance Minister Kwon Okyu said. "Even though it's gradual, there are some positive signs the economy is improving," Mr Kwon told re-
      Bloomberg  -  92 words
  • Page 16 Advertisements

  • MALAYSIA/INDONESIA
    • 370 17 His office will also continue to pursue unsolved cases AFP [JAKARTA] Four out of five prosecutors in Indonesia are open to corruption, the country's new attorney general admitted in a newspaper interview yesterday as he vowed to root out the wrongdoers. Hendarman Supanji
      AFP  -  370 words
    • 527 17  -  Govt unsure of bullet train project's funding, route-alignment By S JAYASANKARAN in Kuala Lumpur N A MALAYSIAN private sector proposal for a high speed train link between Kuala Lumpur and Singapore may have difficulty getting government support unless prickly questions about financing and routealignment
      BLOOMBERG  -  527 words
    • BRIEFLY ASIA
      • 91 17 Reuters [NEW DELHI] India's communications minister resigned on Sunday, hours after his party demanded he be removed from his post in an apparent leadership struggle in the southern Tamil Nadu state. "I have sent my resignation to the prime minister," Dayanidhi Maran told Reuters.
        Reuters  -  91 words
      • 100 17 AFP [BEIJING] China's consumer price inflation eased in April, rising 3.0 per cent from a year earlier, the National Bureau of Statistics (NBS) said yesterday. The index, a key indicator of consumer inflation in the world's fourth-largest economy, was down from a year-on-year
        AFP  -  100 words
      • 106 17 Reuters [BEIJING] China vowed yesterday to allow greater public participation in shaping legislation and in overseeing some judicial matters but insisted judges stay under the control of the Communist Party. The promises came in three official reports issued during an international meeting on the
        Reuters  -  106 words
      • 93 17 Reuters [JAKARTA! Indonesian toll road operator, PT Jasa Marga, may increase the size of a planned bond issue by 50 per cent to 1.5 trillion rupiah (*****.4 million), depending on demand, its president director said yesterday. Frans Sunito said the state-owned firm
        Reuters  -  93 words
      • 96 17 Bloomberg [HONG KONG] Oriental Investment Corp, a Hong Kong-listed investor in renewable energy projects, said it will pay HK$43B million (SsBs million) for stakes in two power plants in Dongguan in the southern province of Guangdong. The company will spend HK$3l6 million
        Bloomberg  -  96 words
      • 67 17 Bloomberg [TAIPEI] Taiwan Power Co, the island's biggest electricity company, will be broken into units as a first step before the government sells shares in the business, Economics Minister Chen Ruey-long said. The company may be divided into "distribution, power generation, and maybe
        Bloomberg  -  67 words
    • 222 17 AFP [KUALA LUMPUR] Malaysia prefers a foreign partner for national carmaker Proton because experience and expertise in the latest automotive technology is a priority, a report said yesterday. Finance Ministry secretary Hilmi Yahaya said the government had held talks with General Motors (GM), PSA
      AFP  -  222 words
    • 2430 17 VOL t4ay 14 W- r«OB) A A M Realty 229 -0.04 66 Abric Bhd 431 unch 75 Acp Industrie -2.12 -0.02 244 Advance Synergy 434 0.01 2604 AdventaBhd 1-20 -0.04 760 AeMuIti Hldgs 433 -0J31 68 Affin Holdings 233 -0.04 2670 Ahmad ZakiResou 2.96 -0.02 25 Ak Corp
      2,430 words
  • Page 17 Advertisements
    • 180 17 V Ready for Global Opportunities? Discover latest developments in Southeast Asia, China, India and the Middle East Manage recruitment and talent retention challenges across borders ■■r Gear up for export and overseas growth mm Build up firm-level capabilities *1 Bp Steer ahead for global growth at International Enterprise Forum 2007
      180 words

  • INDIA
    • 413 18 Attempt to plug loopholes arising from Hutchison Essar case [NEW DELHI] Wiser from its experience in the Hutchison Essar shareholding tangle, India's finance ministry is working on a fresh set of guidelines for foreign direct investment (FDI) to clearly define what constitutes indirect holding,
      413 words
    • 184 18 UB Group may buy Whyte Mackay AP [NEW DELHI] India's UB Group, the world's third-largest maker of spirits, is close to signing a US$l.3 billion deal to acquire Scottish whisky maker Whyte Mackay Ltd. a report said yesterday. The deal framework is already in place and a formal announcement is
      AP  -  184 words
    • 483 18  -  These include 126 fighter jets plus helicopters By SIDDHARTH SRIVASTAVA in New Delhi INDIA is expected to import US$3O billion worth of military equipment within the next five years, industry body Associated Chambers of Commerce and Industry (Assocham) has said in a study
      483 words
    • 676 18 Move unlikely to hurt network equipment makers Reuters [SEOUL/SINGAPORE] India's telecoms operators such as Bharti Airtel, in which Sing Tel has a stake, and Reliance are turning to sharing networks with rivals to keep costs down and boost profits as
      Reuters; BLOOMBERG  -  676 words
  • Page 18 Advertisements
    • 146 18 7h>j^ The Legends Fort Canning Park 11 Canning Walk Singapore *****1 fnb@legendBfortcanning.com www.legendsfortcanning.com i Diners Club Card t« ap p i„, «.//64i6 0980 A World of Exclusive Privileges Treats l Diners Club J„* M V* International' f v >'- "^jK^v.^'" Embark on an epicurean sea adventure of the freshest seafood
      146 words

  • GREATER CHINA
    • 350 19 QDII programme expansion may cut demand for stocks AP [HONG KONG] The expansion of a programme allowing Chinese banks to invest overseas could restrain the yuan's appreciation, Hong Kong Monetary Authority (HKMA) chief executive Joseph Yam said yesterday. China's banking regulator said
      AP  -  350 words
    • 455 19  -  CHINA SHARES HK regulator says merger is remote unless China scraps capital controls By PAULINE NG in Kuala Lumpur UNLESS China scraps its capital controls, the likelihood of a tie-up between the China and Hong Kong stock exchanges with a view to
      REUTERS  -  455 words
    • 413 19 Reuters [SHANGHAI] China Pacific Insurance (Group) Co, the country's third-larg-est life insurer, is lobbying Beijing for permission to float shares in Shanghai after its planned Hong Kong listing, sources close to the situation said yesterday. China Pacific Group, also the country's
      Reuters  -  413 words
    • 502 19 Reuters [HONG KONG] China's move to allow institutional investors to buy overseas stocks sent Hong Konglisted Chinese shares to record highs, as Beijing looks set to let more of the country's US$2 trillion in savings to flow abroad. The move,
      Reuters  -  502 words
    • 247 19 Reuters [BEIJING] China's State Council, or cabinet, has sought suggestions from top economists on ways to control the rapid rise of the country's share prices, sources said yesterday. At a recent meeting, prominent economists debated whether stocks were currently in a bubble, and they
      Reuters  -  247 words
  • Page 19 Advertisements
    • 52 19 I 118X19y8 2S v j^^H f»< jfl < v 'Si 2/* 5 WBBOI Walkman Phones ji |M plus Cash! (Total worth over $10,000) Jm. To participate, SMS "1003" to JP «4^H 0 Bp?: I |k YOUR CHOICE INFOTAINMENT STATION Radio 100.3 is managed by SPH Unionworks, a subsidiary of %/tf
      52 words
    • 14 19 W^m Radio 91.3 is managed by SPH Unionworks, a subsidiary of Singapore Press Holdings
      14 words

  • MIDDLE EAST
    • 521 20 It will cut their current account surpluses, global trade imbalances Reuters [DUBAI] Gulf Arab oil producers should continue spending to reduce their current account surpluses and global trade imbalances, despite rising inflation in some of the countries, the regional director of
      Reuters  -  521 words
    • 373 20 It wants take profit on its investment held since 1999 Reuters [ABU DHABI] Abu Dhabi's International Petroleum Investment Co (IPIC) plans to sell half of its stake in South Korea's fourthlargest oil refiner Hyundai Oilbank this summer, the agency which invests
      Reuters  -  373 words
    • 7520 20 UNIT TRUSTS FUNDS ABM Anvo Asset Mgt (S'pore) Star Europe Eqty!" 1.12/ Star Europe Bond 1184/ Star Europe W 1264/ Star Asian Tiger Eqtir 143/ Star Asia Bond 1 333/ Star Asia Balanced 1 126/ Star Global Technology Fund'" 0222/ MulhStFd 0977/ Star Asia BondftJSW 0 876/ Gfc Multi St
      7,520 words
  • Page 20 Advertisements
    • 87 20 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. Gioballnvcstors FOR US, IT'S THE SILVERWARE IN UNP lMml your pocket that matters most. I mfii As a winner of the Standard Poor's 2007 Singapore
      87 words

  • ASIA-PACIFIC/WORLD
    • 692 21 Cerberus Capital Management pays US$7.4b for stake in carmaker AP Bloomberg [FRANKFURT] DaimlerChrysler will sell 80.1 per cent of its money-losing Chrysler Group to private equity firm Cerberus Capital Management for US$7.4 billion, the company said on Monday. The deal unwinds a troubled 1998 merger
      AP; Bloomberg; AFP  -  692 words
    • 477 21 It will launch online programme on ways to combat climate change Reuters [SAN FRANCISCO] Yahoo Inc aims to wield its power as the biggest US Internet media company to encourage millions of consumers to take basic steps to help the environment as part
      Reuters  -  477 words
    • 300 21 Reuters [MELBOURNE] The head of Telstra Corp, Australia's largest telecoms firm, said yesterday that the company has not received any takeover approaches. There has been speculation among analysts in recent weeks that Telstra could become the target of a private equity consortium
      Reuters  -  300 words
    • 488 21 Reuters AFP [BANGKOK! The wife of former Thai Prime Minister Thaksin Shinawatra, her brother and her secretary pleaded not guilty on Monday to tax evasion charges in a case which could finish off the charismatic billionaire politically. Potjaman Shinawatra, flanked by
      Reuters; AFP; REUTERS  -  488 words
    • 804 21 And 2007 is looking worse than 2006 for famed paper NYT [NEW YORK] Does The Wall Street Journal make money? The question might seem silly. The chronicler of capitalism, the bible of business: Of course The Journal turns a
      NYT; AP  -  804 words

  • AVIATION
    • 627 22  -  It'll also earn 30% of its revenue from overall market growth: JBWere By VEN SREENIVASAN [SINGAPORE] Singapore Airline's low-cost associate Tiger Airways could wrestle 70 per cent of Australian domestic market revenue from rivals Jetstar and Virgin Blue on their home turf,
      AFP  -  627 words
    • 239 22 Bloomberg [FRANKFURT] Fraport AG's Frankfurt Airport, Europe's third-busiest, handled 0.3 per cent fewer passengers last month as travel declined to destinations within Germany and western Europe. The drop was less than the company had expected. Frankfurt Airport, which ranks behind BAA pic's London
      Bloomberg  -  239 words
    • 2382 22 grr hiqit ha fucmt itp HBB LH9771 1750 AMi 2230 SO268 17S0 BA7382 2230 AF8087 1820 QF82 2230 BA7381 1820 LH9770 2345 Qffll 1820 s^ 30 1930 AimtardamL***** 0630 AZ3993 2245 ***** 0630 KL838 2245 AZ3992 1555 L***** 2345 KL837 1555 5Q324 2345 aa .ass as
      2,382 words
    • 331 22 This is a bid to win EC nod for a takeover of the Irish flag carrier Reuters [BRUSSELS] Ryanair has offered to sell Aer Lingus landing slots at London's Heathrow Airport in a bid to win European Commission (EC) approval for a takeover
      Reuters  -  331 words
    • 240 22 Reuters [SHANGHAI] China Eastern Airlines, responding to a Chinese media report that it was in the final stages of talks to sell a stake to Singapore Airlines (SIA), confirmed that talks were continuing but said nothing had been decided.
      Reuters  -  240 words
  • Page 22 Advertisements
    • 135 22 I BT/ZUJI Deals of the Week BUSINESS CLASS (from ECONOMY CLASS (from j HOTEL (from Los Angeles $3,980 $1,007 $84 Thai Airways Thai Airways DESTINATIONS BUSINESS CLASS (from S) ECONOMY CLASS (from S) HOTEL (from S) WEATHER Manila $758 (Philippine Airlines) $198 (Philippine Airlines) $79 Rain *M< *.«.„*> 4*~ Hong
      135 words
  • Page 22 Miscellaneous
    • 205 22 CRYPTIC CROSSWORD of water in Welsh town manner in corridor (10) DOWN ter search in bishop's domain Across: 1 Toast rack, 9 Damage, 1 Tom's troubled but not in the (12) I name, 11 12 Faceleast (4) 13 Drunk on horseback (7-3) tious, 13 Miriam, 17 Pep, 19 Intem--2 Fly
      205 words

  • SHIPPING
    • 606 23  -  Topics range from fuel costs, bunker surcharges to congestion woes By DONALD URQUHART [SINGAPORE] Container shipping carriers operating on the transpacific trade have said they will meet Asia-US shippers for two meetings after an unprecedented first meeting last year for the two groups
      606 words
    • 215 23 AFP [SEOUL] South Korea has asked China to check why a Chinese ship failed for hours to report a collision with a South Korean vessel which left 16 sailors missing, officials said yesterday. The Golden Rose sank after the collision with the Chinese
      AFP  -  215 words
    • 577 23 AFP [SINGAPORE] Navies in the Asia-Pacific are expected to spend US$lOB billion to boost submarine and other maritime defences over the next 10 years, organisers of a defence conference said yesterday. They said the spending would outstrip maritime defence expenditure in the United States
      AFP  -  577 words
    • 590 23 AP [GWADAR, Pakistan] By the azure waters of the Arabian Sea, a remote Pakistani fishing town is being transformed into a massive deep sea port to cash in on the inexorable rise of the Chinese economy. Gwadar port, a US$25O million project that is
      AP  -  590 words
    • 169 23 Bloomberg [SINGAPORE] Singapore's port operators, including PSA International Pte, handled 13 per cent more containers last month in the world's busiest port, helped by growing trade. Singapore's port handled 2.22 million 20-foot standard containers in April, compared with 1.96 million boxes a year
      Bloomberg  -  169 words
    • 333 23 Bernama [NEW DELHI] Port of Tanjung Pelepas (PTP) "will play a key role in fostering the growth" of trade between India and Malaysia. This was stated by Mohammad Sidik Shaik Osman, chairman of the port, who was recently in Kolkatta to launch shipping services
      Bernama  -  333 words
    • 285 23 SGX '000 May 14 S$ W- Vol Ch Offshore .0.61 -0.01 2393 Chuan Hup Hldgs .0.36 -0.01 1965 CaKOCorp 2.65 0.01 9379 Cwt Limited ..0.89 0.01 473 Ezra Hldgs -v 5.60 0.10 140 Freight Ur*s ...0.14 -0.01 7444 Grand Banks 1.04 undi 21 Java Hold Ltd 1.S2 0.02
      285 words
  • Page 23 Advertisements
    • 163 23 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE BUSINESS PLAN 2007 Rate Restoration Effective 1 July 2007 Further to the notice issued by AFDG dated 5 February 2007, we wish to advise that another Rate Restoration would be implemented on 1 July 2007, as announced. With effect from 1 July 2007, all
      163 words

  • EDITORIAL & OPINION
    • 550 24 EDITORIAL DURING the last week, we witnessed two key impending changes of leadership in Europe. After winning a hardfought election in France, Nicolas Sarkozy will take over from President Jacques Chirac tomorrow. And in Britain, Prime Minister Tony Blair announced he will
      550 words
    • 1304 24  -  The city has the potential to be an international financial centre but faces the challenge of upgrading the quality of its infrastructure and its governance to world standards YOGI AGGARWAL HERE is no city in the world that can become an international financial centre
      REUTERS  -  1,304 words
    • 832 24  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent EUROPEAN Union hopes of ensuring peace and stability on its borders are being challenged by an increasingly combative and self-confident Russia and the EU's own members from central and eastern Europe which are demanding a
      832 words
    • 1024 25  -  The Republican White House and Congressional Democrats may reach a bipartisan consensus after compromising on trade LEON HADAR Washington Correspondent NO ONE in Washington is describing the deal oh trade policy issues reached after six months of negotiations between the White House and Democrats Hill
      FILE PHOTO  -  1,024 words
    • 811 25  -  By PAUL KRUGMAN NYT NOTHING divides Democrats like international trade policy. That became clear last week, when the announcement of a deal on trade between Democratic leaders and the Bush administration caused many party activists to accuse the leadership of selling out. The
      NYT; AP  -  811 words


  • 11456 26 SGX MAINBOARD Transaction date: May 14 52-Wk Tal Last Vol Day Laat Quote Drv GrYld Net MCap High Low Coda Company Sale +1- fOOO) High Low Buyar Sd6w Cw P>E $mil 3.5 2 5716 1st Software 2 susp 11 15 6 3148 STelecom 12.5 .05 1230 12.5 12
    11,456 words
  • Page 26 Advertisements
    • 169 26 Not been making the most of the markets? i \6 Then it's time to trade CFDs with City Index Asia. Trade multiple markets from Trade long or ihort on live market one account prion Manage your risk with slop loaeee Trade ftyyb. 6iti and ladioM from other order types 7.B%.ma*ijdn
      169 words

  • 5665 27 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy Syr %dy %yr dy Syr May 11 Index Change Change Change Change Change Change World Index Preliminary 1170.5 0.4 63 04 6.1 04 73 EAfE Preliminary 1179.1 0.1 6.5 0.2 6.8 0.2 8.0 Europe Preliminary
    5,665 words
  • Page 27 Advertisements
    • 184 27 t YOU'RE THE BOSS With control over your global market trades in FX, FX Options, CFDs, Futures and Equities, our award-winning multi-product trading platform gives you: 4V—OCT A FREE US$lOO,OOO Real-time pricing, rapid execution Comprehensive chart toolkit 1 %--r T sn-^ 1 DEMO ACCOUNT NOW. and valuation of your holdings
      184 words

  • Page 28 Advertisements
    • 1212 28 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NIPHA NAREE RDM/ATW/BMNALB/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
      1,212 words
    • 769 28 IS DONGNAMA LINE cowT*immw> mwwi VESSEL (EVERY SUN) VOY SGP HKG (HT) TIY YOK KOOE MOIFORTUNE ***** 20/0S 24/05 28/05 29/05 31/05 MOL GLORY Ml2O 27/05 31/05 04/0* 05/0* 07/06 VESSU (EVERY SAT) VOY SGf HKG PUS INC TAO SMARBATAM 279N 19/05 23/05 27/05 29/05 31/05 Sn SINGAPORE 707N 24/05
      769 words
    • 465 28 vtf/v WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com vessel vor ramp height sm lk map sav »*i orf TOURCOMG AL7O4 4001 m 6.3 M 21/ OS OMIT 23/06 30/06 02/07 TARONGA Af7l6 3201ws 6.25 M 29/05 21/06 30/06 05/07 09/07 07/07 TAME SIS AE7I7 320T»« 6.4 M 07/06 02/07 11/07 15/07 20/07
      465 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 5574 29 This A Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number To ABU DHABI (AUH) 2004 U. A. Emirates 23/05 03/06 SCI SCI DIVA 719W *****355 28/05 08/06 SCI EMIRATES KANAKO 720W *****355 To ADELAIDE (ADL) 2007 Australia 27/05 15/06 China Shpg KAMAKURA
      5,574 words
  • Page 29 Advertisements
    • 637 29 WAN HAI INTERNATIONAL PTE LTD a Nft **********0/R lllill II A I I llirr TH:*****5M (MUMS) FAX:*****163 V\\N 1 WAN Hill LINES to* o Service/Bookngs Direct Um (1800) *****200 Y IIA wwr%wm lini fcEEVfct* na i* toa ***** m mi nm arasu p« iH: (04) *****00 mi M2294»99 V- JOHIR:
      637 words
    • 990 29 Ivtssei VOY PKI 1 SIN I KHI I DXI I lAI I DMM BIK KHO IRAN TA&ATABAEI PCLBI9B 19/05 lt/05 27/05 30/05 31/05 06/06 08/06 10/06 WAN RAABAEI PCLBI99 25/05 26/05 04/06 07/06 01/06 14/06 16/06 18/06 IRAN SATTAR I PCLB2OO 31/05 01/06 10/06 13/06 14/06 20/06 22/06 24/06 I
      990 words
    • 677 29 m WEEKLY EXPRESS SAHIHG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN ANO WESTERN ICO POINTS rasa wit sw huh, ctK-Qwo natty* |cocm>m~ HOWIUHW ma ISIMT I6IMT imi aw UML cm raw* Tfwios 21M M 21! PP OW mVGOOHI 0114W WWY »WY 07 JUW 06 JUW 10JUW MSO ACCOTMG Fa TO COOBI
      677 words


  • Page 31 Advertisements
    • 3245 31 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUY IT- SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF NICOL ANDREW (FAR EAST) PTE. LIMITED (Company Registration No: *****0236 M) (In Voluntary liquidation) SHAREHOLDERS' VOLUNTARY WINDING-UP AT an Extraordinary General Meeting of
      3,245 words
    • 98 31 UOL GROUP LIMITED *****,000,000 FLOATING RATE NOTES DUE 2012 Pursuant to Condition 4(d) of the Notes, notice is hereby given that for the first Interest Period beginning on 15 May 2007 and ending (but excluding) 15 November 2007, the Notes will carry a Rate of Interest of 3.*****% per annum
      98 words

  • PROPERTY
    • 319 32 This will lead to correction in rental values: DTZ Reuters [MUMBAI] A growing oversupply of quality office space in major Indian cities apart from Mumbai will lead to a plateau in rentals and then a correction even though demand will remain healthy, real estate
      Reuters; AFP  -  319 words
    • 184 32 Reuters [SEOUL] Purchases of overseas real estate by South Koreans jumped nearly one-third in April from March after the government further eased regulations earlier this year, finance ministry data showed yesterday. South Koreans purchased US$l29 million worth of real estate in April for
      Reuters  -  184 words
    • 361 33 Sale will place real estate assets under one company, Henderson Land Bloomberg [HONG KONG] Henderson Investment Ltd won shareholders' approval to sell property and security service assets to the real estate arm of its controlling shareholder, Hong Kong billionaire Lee Shau-kee.
      Bloomberg  -  361 words
    • 544 34  -  Area's farmers fear move will harm farming, recreation activities there By UMA SHANKARI THE government intends to store some of the granite bought from regional sources in idyllic Lim Chu Kang a plan that has drawn protests from the farming
      FILE PHOTO  -  544 words
    • 275 33  -  By UMA SHANKARI ALLGREEN Properties yesterday said that it has entered into a US$2O million conditional joint venture (JV) with a Vietnamese company to acquire and develop a 16,500 sq m prime residential site in Ho Chi Minh City. Allgreen will have direct
      275 words
    • 345 36  -  Its $2,013 psf price is the highest in the curient office cyce By KALPANA RASHIWALA PARAKOU Btilding, a lowprofile but jpanking new office buildiig at the comer of Robinsoi Road and McCallum Sfreet, has been sold at $2,0-3 per square foot (psf) of
      ARTHUR LEE  -  345 words
  • Page 32 Advertisements
    • 255 32 Prime Residential Redevelopment Site at Dist 09 For Sale by Expression of Interest Scotts Square Wheelock The Orchard 3rc a d Place Residences 1 y Orchard 800/e, ar jf MRT M S rNgeeAnn ■D City Dpi/ MRT A :t y is lp b -o" f > U t mversWre 1
      255 words
    • 201 32 PRIME RESIDENTIAL UNITS FOR SALE DUCHESS CREST S* 48 strata titled units enbloc Excellent location neighbourhood Close to prestigious schools, eg Nanyang Primary, Raffles Girls' Primary, Hwa Chong Institution Nanyang Girls High Attractive rental yield Contact: CB Richard Ellis (Re) Ltd Jeremy Lake (9633 2842) Galven Tan (9799 4898) Tel:
      201 words
    • 118 32 Hot Ipo G1 Homes randeur by PropNex Group Beautiful Land 15,000sqft PR Choice BLVD 2,034 sqft 3rms Cluny 1 S.OOOsqft PR Choice Cuscaden Royaie I,399sqft Best view Cornwall 15,OOOsqft PR Choice Nassim 1,3004,000 sqft Premium Bishopgate 15,000sqft PR Choice Oceanfront 1,711 sqft Resort lifestyle Cable 15,OOOsqft PR Choice St Regis
      118 words

  • Page 33 Advertisements
    • 256 33 Prime Site On Ardmore Park Offers invited for the collective I P U, C^aSe The Ardmore Vi Prestigious Ardmore Park Address D b k < s 3 V^c^ ?v '^^^s\ anSn IL Land Area: Approx. 3,954.4 m 2 r r Tate t„ 'Freehold Grove N Tf te The American! claymore/
      256 words

  • Page 34 Advertisements
    • 371 34 FOR SALE BY TENDER wot Hub -0- ToaPayoti Residential Redevelopment hatntartung. 6 Site at Balestier Road, T°* l T Hang Tat Garden (25,20tM sq ft) 1 fn J Freehold A Jl Master Plan 2003 W PR 2.8, up to 36 storeys B*lesti*r a 2 km to St. Michael's *r School
      371 words

  • Page 35 Advertisements
    • 97 35 v BSP^ s jjj! jjji |^^J"iT|" -3m* J HI S El! Iw 1 -25 "*fel ItF" 1 *'^'iiilHj J~ _[Z Z Z Z?Hrf Bin Tong Victoria Park X s**) L Houses Gardens unga ows \J\Waqe I 1g Large Dist. 10 site for up to 36-sty condominium Within 300 m from
      97 words

  • Page 36 Advertisements
    • 580 36 Prime Residential Redevelopment Site at Dist 10 For Sale by Expression of Interest Singapore AngloChinese Girls' Pri Sch Chinese Sch (Barker Rd) u h't >.- Anglo-Chinese *pH Sch(P-FX CTE/CBD y |Clty Towers J vk op* Balmoral V* ■*y x% <0 Plaza \\f <v The y<o V/> Pines Newton^* %</ MRT
      580 words