The Business Times, 16 May 2007

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Total Pages: 50
1 50 The Business Times
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  • Title Section
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    18 1 The Business Times SINGAPOKTS^WS MICA (P) 202/12/2006 Wednesday, May 16,2007 online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • MAS outlines next big investment flow
    • Chapter
      Lock icon Untitled
      393 1 Bank estimates, Asian infrastructure projects will require US$25O billion to US$3OO billion worth of financing every year for the next few years. While infrastructure requirements have in the past been financed largely by governments, the present big demand for new infrastructure means that private sector investment will also be required.
      393 words
  • Article, Illustration
    Lock icon Top level panel to oversee potential S'pore-KL cooperation on IDR
    701 1  -  PMs agree success of IDR will be good for both countries By DANIEL BUENAS in Langkawi SINGAPORE and Malaysia have agreed to set up a joint high-level ministerial committee to oversee possible cooperation in developing the multi-billion dollar Iskandar Development
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  • Article
    Lock icon MARKETS DIGEST
    46 1 STI 3,475.08 (-26.02) ST INDEX FUTURES 3,473.00 (-26.00) SIMSO 427.84 (-3.15) SIMSO FUTURES 427.90 (-3.70) PRIME RATES SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 7.75 INDONESIA 14.177 TAIWAN 5.926 JAPAN 1.875 KOREA 9.33 BRITAIN 5.50 US 8.25 CANADA- 6.00 SWITZERLAND 4.03 INDIA 12.75 Source: Bloomberg
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  • TOP STORIES
    • Article
      Lock icon S'pore rises as a major regional reinsurance centre
      599 2  - S 'pore rises as a major regional reinsurance centre Foreign insurers, reinsurers are setting up base in the Republic By WONG WEI KONG [SINGAPORE] Along with the host of private banks setting up in Singapore, there is a less publicised influx of foreign insurers and reinsurers seeking a base to
      599 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      491 2 Indonesia's 6% Q1 growth almost at a 2-year high INDONESIA'S economy expanded in the first quarter at close to the fastest pace in two years, as declining interest rates encouraged consumers and companies to boost spending. South-east Asia's largest economy grew 6 per cent from a year earlier,
      491 words
    • Article
      Lock icon Corrections
      94 2 IN the report "Tiger seen grabbing 70% of Aussie budget-travel market" (BT, May 15), the headline was incorrect. What the report meant to say was that 70 per cent of Tiger Airways' Australian market revenue could potentially come from taking market share from Jetstar and Virgin Blue. And in
      94 words
    • Article, Illustration
      Lock icon More are taking bigger home loans from banks
      659 2  -  By SIOW LI SEN [SINGAPORE] Rising prices for homes lead inevitably to bigger borrowing which is good news for the banks at least. After three years of decline, when demand for new loans was tailing off, banks now see one of their
      659 words
    • Article
      Lock icon PM: Issues with KL to be resolved while keeping good ties
      342 3  -  Vital to work on win-win basis in a fast-changing Asia By DANIEL BUENAS in Langkawi SINGAPORE and Malaysia must deal with their outstanding issues in a way that is completely acceptable to both sides and which will not affect
      342 words
    • Article, Illustration
      Lock icon Thomson agrees to buy Reuters in £8.7 billion deal
      625 3 Thomson to control about 70% of merged firm to be headed by Glocer Reuters. AP. Bloomberg [LONDON] Canadian publisher Thomson Corp has agreed to buy Reuters for about £8.7 billion (5526.1 billion) to create the world's biggest financial news and data
      Reuters.; AP.; Bloomberg; Sources: Inside Mariet Data, companies Bloomberg  -  625 words
    • Article
      Lock icon Dr M casts a shadow with an ailing heart
      532 3  -  By S JAYASANKARAN in Langkawi THE road leading to the Four Seasons Hotel on the island of Langkawi is fringed with casuarina trees for almost a kilometre, stately pines that give the place an almost temperate feel. But it's blazing hot
      532 words
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      30 2 flßi fctajU —'V Mil I I l m l»lj 1 ■LI HHk| I H Knowing |||ii|iin|if^H what poggen Good Design Award daJjnaward reddot H TlwChingoAewiaauni Winner bt»i of the best
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      21 2 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices
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  • COMPANY NEWS
    • Article
      Lock icon Is there value in CitySpring forecasts?
      811 4  -  HOCK LOCK SIEW By CONRAD TAN CITYSPRING Infrastructure Trust's managers have a lot to answer for. At least two items in its results for the 48-day period since its Feb 12 listing are shocking, when compared to its projections at the time of its
      811 words
    • Article, Illustration
      Lock icon Soup Restaurant offering 26m shares at 21 ¢ each
      392 4  - Soup Restaurant offering 26m shares at 21 each IPO WATCH By ANGELA TAN SOUP Restaurant yesterday offered 26 million new shares at 21 cents each for its initial public offer (IPO) in Singapore, looking for $4.4 million in net proceeds for expansion, domestically and regionally. "We plan to expand our
      FILE PHOTO  -  392 words
    • Article
      Lock icon Marathon will not sell STATS ChipPAC stake to Temasek
      337 4 UK-based Marathon Asset Management will not sell its 6.5 per cent stake in Singapore's STATS ChipPAC Ltd to Singapore investment company Temasek Holdings, which launched a US$l.6 billion bid for the firm in March, a Marathon official told Reuters. Temasek has
      —Reuters  -  337 words
    • Article, Illustration
      Lock icon Property sector helps SGX firms post stellar gains
      508 4  -  216 companies chalk up Q1 profit of $6.29b, up 30% Byi NANDE KHIN LISTED companies here continued to build on their strong gains last year to post total earnings for the first quarter of this year nearly 30 per cent higher than
      Compiled by BT  -  508 words
    • Article
      Lock icon Raffles Education's Q3 net climbs 33.4%
      437 4  -  By OH BOON PING RAFFLES Education Corp, a regional operator of design and business schools, has reported a 33.4 per cent rise in net profit to $11 million. This came as sales rose 28.4 per cent to $28.5 million for the third quarter ended
      437 words
    • Article, Illustration
      Lock icon Hyflux earnings plunge 87% to $1.4 m in Q1
      377 5  -  By MATTHEW PHAN LAG time between the signing and execution of industrial projects contributed to Hyflux's 60 per cent fall in first-quarter revenue to $13.4 million, as earnings suffered an 87 per cent plunge to $1.4 million. Hyflux, which applies membrane
      377 words
    • Article
      Lock icon Beauty China reports 30% rise in Q1 profit
      306 5  -  By CHRISTINE SIM BEAUTY China Holdings posted a 30.3 per cent jump in first-quarter profit to HK535.4 million (556.9 million). Revenue grew by 31.6 per cent to HK5114.7 million. Earnings per share rose to 10.3 Hong Kong cents from 7.9 HK cents.
      306 words
    • Article
      Lock icon Capita Land pares Gillman Hts stake
      387 5  -  It sells 50% stake in project to HPL, two private funds By ARTHUR SIM JUST three months after CapitaLand acquired Gillman Heights for $548 million, it has decided to sell a 50 per cent stake in the project to Hotel Properties Ltd (HPL) and
      387 words
    • Article, Illustration
      Lock icon From investor to hands-on boss
      913 6  -  CEO PROFILE Hup Soon, a tractor and forklift company, is a full-time job requiring loads of common sense, says Timothy Chia By SIOW LI SEN TRACTOR and farm-equipment group's Timothy Chia is no Richard Gere who played New York corporate raider Edward Lewis in Pretty
      913 words
    • Article
      Lock icon Babcock & Brown raises dividend guidance
      429 6  - Babcock Brown raises dividend guidance By MATTHEW PHAN BABCOCK Brown Structured Finance Fund (BBSFF) has upped its dividend guidance for the year ending December 2007 by 7 per cent after recording better-than-expected earnings of $9.5 million for the first quarter. The fund, which holds a diverse portfolio of operating leases,
      429 words
    • Article
      Lock icon COMPANY BRIEFS
      1053 6 Want Want Q1 profit up 7% WANT Want Holdings posted a 7.1 per cent gain inQl net profit to US$41.5 million. Revenue increased 29.6 per cent to US$281.9 million. Auric Pacific earnings rise 35% AURIC Pacific Group posted a 35.1 per cent jump in Q1 earnings to $2.7
      1,053 words
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      165 4 Modern Pay Automotive Icons From Around The World. American Chrysler P T Cruiser British Mini Cooper German VW Beetle m 2.4 L Auto $99,000* 1.6 L Auto $99,800* 1.6 L Auto $77,700* Motorists all over the world have their favourites. Here comes the Japanese new comer. Unique, distinctive and they
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      114 5 8,600 Belmont Road 27,300 sqf $17.xM Binjai Pk 19,700 sqf $14.xM Bishopsgate 17,000 sqf $17.xM Cable Road 36,000 sqf $27.xM Cluny Hill 16,000 sqf $18.xM East Sussex Lane 15,100 sqf $15.xM Garlick Ave 13,000 sqf $10.xM Holland Road 10,000 sqf B.xM Leedon Road 18,300 sqf $14.xM Oei Tiong Ham 16,200
      114 words
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      456 5 SINGAPORE'S MOST MODERN SPECIALIST CLINICS. As the center for Singapore's newest state-of-the-art specialist clinics, > > I Novena Medical Center offers doctors a rare opportunity to own a medical suite with great supporting infrastructure. BE A PART OF SINGAPORE'S 4:j*; J EXPANDING HEALTHCARE SECTOR I As a regional medical hub,
      456 words
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      43 6 CTVA4 mm m m >| #111 vvlVI m a UL wumMioa /m| I 9H m y m Jp iC3 w/mJk\ I m I [I JIA Singapore AN E-MARKETPLACE BROUGHT TO YOU BY CATS CLASSIFIED, SINGAPORE PRESS HOLDINGS. TO ADVERTISE, CALL 1800-289 9988 (OFFICE HOURS).
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon China calls the shots one more time
      900 8  -  CURRENCIES And the rest of Asia bubbles over even as the US fails to impress LARRY WEE Senior Correspondent IT WAS another week of painful contrast between soggy US stats which failed to impress, but equivalent Chinese numbers which continued to sizzle and
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    • Article, Illustration
      Lock icon Untitled
      950 8 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Ub Down Uwdi Ub Down Undi Up Down Und> Multi Ind 3 9 5 0 1 0 3 10 5 Manufacturing 53 114 55 12 24 15 65 138 70 Commerce 12 46 21 4 11 5 16 57 26 Tpt/5tor/Comms 6 25 12
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    • Article, Illustration
      Lock icon BROKERS' TAKE
      619 8  -  Compiled by MATTHEW PHAN City Spring Infrastructure May 15 dose: $132 MORGAN STANLEY. May 15 QUICK comment: We reiterate our "equal-weight-V" rating on City Spring Infrastructure Trust and $1.50 price target following the release of FYO7 earnings. We believe Temasek intends City Spring to be its key platform
      Source: Bloomberg  -  619 words
    • Article, Illustration
      Lock icon Fears of China curbs bring sellers out
      520 8  -  STOCKS R SIVANITHY Senior Correspondent WORRIES over the state of the China stock market yesterday spread throughout the region, sending all markets lower and wiping 26.02 points off the Straits Times Index, bringing it down to 3,475.08. Bank and property stocks were the
      520 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Tan Chee Meng to leave Harry Elias Partnership
      366 9  -  By WEE LI-EN HARRY Elias Partnership (HEP) has lost another veteran lawyer with the resignation of co-managing partner Tan Chee Meng. Mr Tan, 50, is Singapore's first specialist judge and heard the Fusionopolis case last year. HEP said yesterday that Mr Tan,
      FILE PHOTO  -  366 words
    • Article
      Lock icon Major hotels seeing steady rise in room rates
      420 9  -  However, rates still lag those of top hotels in other major Asian cities By VINCENT WEE AVERAGE room rates at major hotels in Singapore have been rising gradually this year, but they still lag other major Asian cities. While the flurry of
      420 words
    • Article
      Lock icon Hotel trades may hit new high
      440 9  -  By ARTHUR SIM THERE could be a record US$B billion worth of hotels bought and sold in the AsiaPacific region this year, if the rate of these deals keeps up at its present pace, says the global CEO of Jones Lang LaSalle (JLL) Hotels.
      440 words
    • Article
      Lock icon More residential sites go on the market
      591 9  -  By UMA SHANKARI MORE residential property as well as one industrial building are up for sale, according to property firms marketing the projects yesterday. The most expensive is the freehold Goodluck View in Toh Tuck Road in the Bukit Batok area, which is
      591 words
    • Article
      Lock icon Sudden surge in electricity prices prompts probe by EMA
      443 9  -  By RONNIE LIM ELECTRICITY prices spiked through the final quarter of 2006 to hit an all-time high of $719.50/ megawatt hour in January this year. It had averaged just $53.4/MWh in the first nine months of 2006, leading the Energy Market
      443 words
    • Article
      Lock icon CityDev only bidder for office site in Tampines
      508 9  -  By KALPANA RASHIWALA CITY Developments (CityDev) was yesterday the sole bidder for a 99-year leasehold site slated for development into backroom offices in Tampines. Its bid price of $225 million works out to $622 per square foot (psf) of potential gross floor
      508 words
    • Article
      Lock icon S'pore pirated software usage drops to 39%
      635 10  -  But losses rose to US$125m in 2006 from US$86m with bigger size of overall software market By AMIT ROY CHOUDHURY DESPITE a percentage point drop in the piracy rate in Singapore last year, as much as 39 per cent of all the software
      635 words
    • Article
      Lock icon March retail sales down a surprising 6%
      393 10  -  By CHRISTINE SIM THE Department of Statistics released figures yesterday showing that retail sales weakened by 6 per cent in March compared with the same month last year. Sales of motor vehicles, telecommunications apparatus and computers were down. After seasonal adjustment, retail sales
      393 words
    • Article, Illustration
      Lock icon Solar energy can power chunk of S'pore's needs
      609 10  -  Reports by MATTHEW PHAN THERE is enough roofspace in Singapore to house several gigawatts worth of solar cell capacity, creating enough electrical power to supply much of the country's energy, say proponents of this alternative energy source. They estimate that there are
      609 words
    • Article
      Lock icon Call to raise target for cuts in carbon emissions
      308 10 ENERGY activists said yesterday that Singapore should aim to cut carbon emissions by even more than it already has, though it has already met targeted reductions in carbon use originally set for 2012. "1 would personally like to see them up
      308 words
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      19 9 Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices^sph.comsg.
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      78 9 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
      78 words
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      Lock icon Page 9 Advertisements Column 3
      80 9 ■kexsmdhbi B Lianhe Zaobao jj bsbsbssss® I I Some I Nanjing I bosses I ban share trading I during I working I hours I I NOTICE The Romanian Embassy, located in 48 Jalan Harom Setangkai, Tel. 6468 3424, is organizing, on 19th of May, 2007, between 8.00 am to 8.00
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      1261 10 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Btv IT-SELL IT-FIND I' /fN KRUNG THAI BANK PUBLIC COMPANY LIMITED m Head Office: 35 Sukhumvit Road, Klong Toey Nua Subdistrict, Wattana District, K M Bangkok ***** Thailand Singapore Office: 65 Chuiia Street, #32-05/08 OCBC Centre, Singapore *****3 Tel: (65) 6533-6691. Fax: (65) 6533-0930
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      198 10 IN THE MATTER OF THE COMP AMIES ACT, CHAPTER SO AND M THE MATTER OF EASTERN CARGO-GEAR SUPPLY (PTE) LTD (IN LIQUIDATION) Company Registration No. *****0574 M NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter SO, the Final Meeting of
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      21 10 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Caii 1800 289 8822 or email notices@>sph.com.sg.
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  • ECONOMY WATCH
    • Article
      Lock icon All eyes on possible move on interest rates at BOJ meeting
      581 11  -  By ANTHONY ROWLEY in Tokyo THE Bank of Japan's (BOJ) Policy Board begins its latest monthly meeting today against a background of record Japanese current account surpluses and growing complaints from US and European business lobbies that the weak
      581 words
    • Article, Illustration
      Lock icon Indonesia's 6% Q1 growth almost at a 2-year high
      587 11 Declining interest rates fuel spending by consumers and companies Bloomberg. Reuters [JAKARTA] Indonesia's economy expanded in the first quarter at close to the fastest pace in two years, as declining interest rates encouraged consumers and companies to boost spending. South-east Asia's
      — Bloomberg.; Reuters; AFP  -  587 words
    • Article
      Lock icon US wants to add labour norms to Korea FA
      232 11 AP [SEOUL] The United States wants to revise a free trade deal with South Korea to reflect new US trade policy guidelines that calls for higher labour and environment standards in free trade agreements, Washington's top envoy said yesterday. "We need
      AP  -  232 words
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      147 11 Vorsprunq durch Technik r f\ A \yyyJ AL'CL Pure inspiration. ifl i The New Audi TT Roadster. Now open for booking. A vision to inspire design purists and driving enthusiasts alike, the new Audi TT Roadster presents pure energy in its most beautiful form where functional design meets timeless aesthetics.
      147 words
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  • MALAYSIA
    • Article
      Lock icon AMMB mulls buyout of AmInvestment
      415 12 No conclusion reached,says chairman —Reuters [KUALA LUMPUR] Malaysia's fifth-largest banking group, AMMB Holdings Bhd, is considering a buyout of its Amlnvestment Group Bhd investment banking arm, AMMB's chairman said. "There are so many things that can be done. That could be one of the things
      —Reuters  -  415 words
    • Article, Illustration
      Lock icon M'sian property companies report rising home sales
      560 12  -  Govt measures such as scrapping property gains tax paying off: survey By PAULINE ENG in Kuala Lumpur RECENT measures by the Malaysian government to liberalise the property market appear to be paying off with real estate developers reporting higher sales in the intervening
      RLE PHOTO  -  560 words
    • Article
      Lock icon Soh Chee Wen determined to make a comeback
      414 12  -  By PAULINE NG in Kuala Lumpur A DAY after businessman Soh Chee Wen was fined the maximum possible by a Malaysian court RM6 million (552.7 million) following his pleading guilty to two charges of conspiracy to provide false information to the Kuala
      414 words
    • Article
      Lock icon Sarawak chief minister denies he received millions in kickbacks
      319 12 —AFP [KUALA LUMPUR] The chief minister of Malaysia's eastern Sarawak state has denied allegations that he received millions of dollars in kickbacks from a number of Japanese shipping firms, reports said yesterday. Abdul Taib Mahmud is being probed by the state's
      —AFP  -  319 words
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      363 13 Looks like another typical day in your IT department. It's time you tamed your IT system. Is your IT servers provide the most efficient server staff spending long hours dealing with rather solutions for your business. daunting tasks? Whatever happened to the notion that technology is supposed to make your
      363 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Beijing's hotel rates hit Olympian heights
      439 14 The city expects to see 500,000 visitors during 2008 Games —AFP IBEIJING] Beijing's tourism industry and its hotels are looking forward to breaking records during next year's Olympics when the city expects to see more visitors and earn more money than ever before. City
      —AFP; AFP  -  439 words
    • Article
      Lock icon Investors ignore scandals and chase Chinese drug firms
      383 14 Reuters [BEIJING] Foreign investors are snapping up shares of companies in China's growing but under-regulat-ed pharmaceutical industry, even as a string of deadly scandals has tainted the sector. Rather than rush for the exits amid reports of fake drugs or regulator corruption,
      Reuters  -  383 words
    • Article
      Lock icon HK law proposed to lower high cost of seeking justice
      564 14  -  Bill introduced to widen legal access and streamline litigation process By JANE MOIR in Hong Kong HONG KONG has introduced a bill to streamline the litigation process and bring spiralling legal costs under control as it seeks to shake off
      564 words
    • Article
      Lock icon Chinese bank soars 71% on Shanghai debut
      458 14 Gains in Bank of Communications overdone: dealers AFP [SHANGHAI] China's Bank of Communications yesterday soared more than 71 per cent on its A-share stock listing, untroubled by a 3.6 per cent slump in the broader market as investors bought for quick gains. Dealers
      AFP  -  458 words
    • Article
      Lock icon BURSA MALAYSIA
      2487 14 vol May 15 KM W- COOP) AIM Realty 776 -0.03 88 AbricBhd *70 -0.01 75 Acp Industrial 2.04 -0.08 367 Advance Synergy ...0.33 -0.01 1422 Advent* Bhd 1.18 -0.02 480 Ae Multi Hldgs .0.32 -0.01 69 Affin Holdings .2.18 -0.05 3887 Ahmad ZakiRenu .2.92 -0.04 181 Aic Corp
      2,487 words
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  • India
    • Article
      Lock icon State Bank seeks acquisitions before competition hots up
      710 15 Bank chief says it will be nowhere if Chinese banks enter the market Bloomberg [MUMBAI] State Bank of India, the nation's biggest, wants to grow through acquisitions before global rivals including Industrial Commercial Bank of China are allowed to buy local lenders,
      Bloomberg  -  710 words
    • Article
      Lock icon Essar Global to invest US$3.4b in Egyptian refinery
      262 15 —Reuters I J [CAIRO] India's Essar Global will invest US$3.4 billion in a proposed 300,000 barrels per day (bpd) oil refinery in northern Egypt, an Egyptian government official said on Monday. "The planned refinery will cost US$3.4 billion and we are expecting
      —Reuters  -  262 words
    • Article
      Lock icon ICICI Bank plans to sell shares worth 175b rupees
      547 15 The offering, India's biggest is for local and US investors Bloomberg [MUMBAI] ICICI Bank Ltd, India's most valuable financial services company, sought approval to sell 175 billion rupees (556.5 billion) of shares to local and overseas investors in the nation's biggest
      Bloomberg  -  547 words
    • Article, Illustration
      Lock icon MURAL, MURAL ON THE WALL
      60 15 [MUMBAI)An elaborate wall painting on an exterior wall of the Indian Naval Dockyard in Mumbai. The murals were conceptualised by artist Brinda Miller Chudasama and completed by a team of artists in four weeks. These paintings depict ports, fortresses and castles of the western town
      AFP  -  60 words
    • Article
      Lock icon HDFC to buy Chubb's 26% stake in insurance JV
      253 15 Reuters [MUMBAI] India's largest mortgage firm, Housing Development Finance Corp Ltd (HDFC), said yesterday it will buy Chubb Corp's 26 per cent stake in their insurance venture, and a source said it was already looking fop a new partner. HDFC, which
      Reuters  -  253 words
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  • MIDDLE-EAST
    • Article, Illustration
      Lock icon Iran enriching uranium on a large scale: IAEA
      473 16 Iranian engineers producing fuel suitable for nuclear reactors: inspectors LAT-WP [VIENNA] Inspectors for the International Atomic Energy Agency have concluded that Iran appears to have solved most of its technological problems and is beginning to enrich uranium on a far larger scale
      LAT-WP  -  473 words
    • Article
      Lock icon Nato offers oil firms help on security threats
      280 16 Reuters [LONDON] The North Atlantic Treaty Organisation is talking to oil and gas producing companies and countries about how it could help combat security threats to energy infrastructure, a senior Nato official said on Monday. Jamie Shea, director of policy planning in
      — Reuters  -  280 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      6934 16 UNIT TRUSTS FUNDS ASH Amro Aatt Mgt (S'port) Star Europe Eqtyl" 1.118/ Star Europe Bond 1.181/ Stir Europe Bal 1.264/ Stir Asian Tiger Eqty 1421/ Star Asia Bond 1333/ Star Asia Balanced 1.117/ Star Global Technology Fundi" 0.221/ MuftStFd 0977/ Star Asm Bond/USD) 0*761 GJb Multl St USO 1.171/ fcta
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      49 16 Allianz Global Investors one of the world's largest asset managers with more Allianz (jjj) than US$l.2 trillion assets under management as at 31 December 2006. Global lnves,ors score with the star players IN EMERGING MARKETS JT4 FRANKLIN TEMPLETON Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS BIZREGNNO *****5211E
      49 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US April consumer prices up 0.4%
      523 17 LATEST US DATA New York business conditions index surge to 8.03 in May from 3.80 Reuters. AP [WASHINGTON] US consumer prices advanced 0.4 per cent in April on a continued rise in energy and food prices, but price gains elsewhere were muted, helping to
      — Reuters.; AP  -  523 words
    • Article, Illustration
      Lock icon Bush finally moves to regulate car emissions
      608 17 LAT [WASHINGTON] As gasoline prices reached an all-time high and congressional Democrats prepared to push ambitious energy legislation, US President George W Bush on Monday ordered his administration to take a step it had long avoided: regulating carbon dioxide emissions from cars and
      LAT; BLOOMBERG  -  608 words
    • Article
      Lock icon Heidelberg to buy Hanson for £8b to create building materials giant
      271 17 Reuters. AP [LONDON/FRANKFURT] Germany's Heidelberg Cement will buy Britain's Hanson Pic for £8 billion (Ss24 billion) to create the world's second-largest firm in construction materials. Hanson agreed an offer at 1,100 pence per share in cash, the companies said
      Reuters.; AP  -  271 words
    • Article
      Lock icon Bancroft family holds talks on Murdoch's letter
      407 17 NYT. AP [NEW YOBK] The far-flung family that controls Dow Jones Co on Monday discussed a pledge by Bupert Murdoch to give them a seat on the board of his News Corp if it buys Dow Jones, and to guard the independence of
      NYT.; AP  -  407 words
    • Article
      Lock icon Wolfowitz says ethics panel caused girlfriend dilemma
      358 17 LAT-WP, NYT [WASHINGTON] World Bank president Paul D Wolfowitz, fighting accusations that threaten his job, has asserted that the bank's ethics committee forced him to play a direct role in engineering a hefty raise for his girlfriend because the panel was afraid to
      LAT-WP,; NYT  -  358 words
    • Article
      Lock icon Few firms measure outsourcing benefits
      519 17  -  By MICHELLE QUAH OUTSOURCING has grown increasingly popular in recent decades yet not enough companies are monitoring its effects to determine how they gain from the practice. A recent global study by the accountancy firm KPMG found that while 79 per cent of the 659
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    • WORLD WATCH
      • Article
        Lock icon HSBCs US units report lower earnings
        117 17 Reuters [NEW YORK] Two US-based units of HSBC Holdings reported lower first-quarter profits on Monday, as a tough US housing environment boosted mortgage and other credit losses. Net income for HSBC Finance Corp, an Illinois-based lender once known as Household International Inc. fell 39
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        Lock icon EU software firms lose US$11b to piracy
        81 17 Bloomberg [BRUSSELS] The European Union software industry lost US$ll billion in sales last year as more than a third of new software was pirated, a Business Software Alliance study showed. The EU software piracy rate remained at 36 per cent, above the 35
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        Lock icon Insurer Bao Viet plans to list in two years
        163 17 Reuters [HANOI] BaoViet, Vietnam's largest insurance firm, yesterday said it planned to list shares on the Hanoi stock exchange within two years of completing its partial privatisation this year. Bao Viet, formally called the Vietnam Insurance Corporation, also forecast its net
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        Lock icon Agilent Q2 profit up on bioanalytical sales.
        96 17 —Reuters [SAN FRANCISCO] Electronics and testing equipment maker Agilent Technologies said second-quarter profit rose 7 per cent, helped by higher sales in its bioanalytical measurement business. The company also forecast higher-than-expected per-share profits and revenue in the current quarter. Agilent said orders in
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        Lock icon Calpers opposes bill on Iran-linked assets
        87 17 Bloomberg [LOS ANGELES] Pension fund California Public Employees' Retirement System is opposing a proposed law that would force it to sell investments in energy and defence companies that do business in Iran. The board of directors for the fund voted to oppose the bill,
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        80 17 Bloomberg [SYDNEY] Macquarie Bank's overseas income exceeded earnings at home for the first time after it led groups that made more than US$3O billion of acquisitions abroad. Profit at Australia's largest securities firm rose 60 per cent to A 51.46 billion (Ssl.B billion), in the
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  • AVIATION
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      716 18  -  But it may lose some edge if there isn't enough skilled manpower: study By VEN SREENIVASAN SINGAPORE leads the rest of Asia in aircraft maintenance, engine repair, component repair and overhaul capabilities, but faces the danger of losing some of its edge if
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      229 18 Reuters [NEW YORK] Americans like the tax collector better than their airlines, according to a customer satisfaction survey released yesterday. Weighed down by delays, grumpy employees and lost bags, US airlines scored 63 out of a possible 100 on the University of
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      2393 18 CUV FUGHT tTA HJ6MT FTP I I S0456 1300 Adaiaida LH9771 1750 IH9770 2345 S0268 1750 ***** 2345 SQ531 0740 Amsterdam SQ323 0630 A***** 2245 AZ3992 1555 KL838 2245 KL837 1555 L***** 2345 SQ324 2345 Atham SQ348 0100 Atlanta AC5202 2335 AC5203 0645 UA895 2335 UA896
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      Lock icon All 3 Alitalia bidders move to next round
      297 18 Reuters [ROME] All three shortlisted bidders in the auction for Alitalia have made it to the next round after an assessment of preliminary offers to buy the unprofitable airline, the Italian Treasury said on Monday. The three Russian airline Aeroflot, a US
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      Lock icon Air Deccan plans stake safe to raise US$100m
      281 18 —AFP [BANGALORE] Air Deccan, India's largest budget airline, plans to raise US$lOO million by selling up to a 26 per cent stake to a professional investor, managing director G R Gopinath said yesterday. The company has appointed investment bank Edelweiss Capital to
      —AFP  -  281 words
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      Lock icon United, Delta at bottom of customer poll
      382 18 —AP [ATLANTA] Bankruptcy can be a wake-up call for airlines about the need to run their operations more efficiently, but it also can shine a light on a more basic challenge like making customers happy. UAL Corp's United Airlines and Delta Air Lines
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  • Page 18 Miscellaneous
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      186 18 CRYPTIC CROSSWORD 1 Regalia thrown out by repub-» lie (7) in debt (8) Across: 1 Mass-market, 6 Jamb, 9 2 American needs time for 16 Pregnant member of society? Sealing-wax, 10 Gong, 12 Key of practice (5) (2,3,4) the door, 15 Twenty, 16 Docu--3 Withdraw from the case (9) 17
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  • SHIPPING
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      Lock icon Industry leaders vow more active role
      548 19  -  They'll work for new law, training officers, boosting shipping's image By DONALD URQUHART ISINGAPORE] Asian shipowners and managers have pledged to use the region's growing influence to help steer pending regulatory changes, improve the global image of shipping and address the anticipated shortage of
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      Lock icon Pirates open fire on cargo ship off Somalian coast
      438 19 —AP [KUALA LUMPUR] Pirates fired grenade launchers and machine guns at a cargo ship in the Indian Ocean far off the coast of Somalia, sparking concerns that key shipping routes are threatened, a Malaysia-based maritime watchdog said yesterday. The Qatar-flagged cargo
      —AP  -  438 words
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      Lock icon Cooperation vital in fighting sea threats
      254 19  -  By JANICE HENG AN EFFECTIVE response to maritime security threats will require close international cooperation, given the rising threats from nonstate actors. Minister for Manpower and Second Minister for Defence Ng Eng Hen said yesterday. "These threats have no regard for national boundaries and
      254 words
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      Lock icon HK April box volume falls amid China competition
      267 19 —Bloomberg [HONG KONG] Hong Kong port operators including Hutchison Whampoa Ltd and PSA International Pte handled 1.6 per cent fewer boxes in April, a second straight decline, as competition from mainland Chinese ports increased. Cargo volume in Hong Kong, the world's secondbusiest
      —Bloomberg  -  267 words
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      Lock icon Veering around to the nuclear option
      912 19  -  STRAIT TALK By DAVID HUGHES HANDS up, anybody who can tell me anything about the following cargo ships: Savannah, Otto Hahn. Mutsu and Sevmorput. I doubt if there is a sea of hands out there. After all, it is a long time since these
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      Lock icon Orders for Japan's shipbuilders decline by half in Jan-April
      272 19 They fell to 2.37 m compensated gross tons from 4.75 m Bloom berg [TOKYO] Japan's shipbuilding industry, the world's third-biggest by tonnage for new contracts, received 50 per cent fewer orders in the first four months after a surge of business
      — Bloom berg  -  272 words
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  • EDITORIAL & OPINION
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      Lock icon Sustainable and responsible investing
      491 20 EDITORIAL MAKE money while doing good. That's increasingly being proven to be a viable and rewarding investment strategy as more people be they customers, employees or shareholders are opting to do business, work and invest in environmentally and socially responsible companies. According to a report by
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      Lock icon India's hastily created SEZ system under fire
      1187 20  -  Special economic zones have run into problems, especially over land development policy By SUNDARAJU SRINATH ONE key characteristic of a developed economy is that its service sector is more productive than its manufacturing sector. India is decidedly still a developing economy, but the
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      Lock icon 'Sudan factor' will weigh heavily on 2008 Games
      785 20  -  THE BOTTOM LINE FRANK CHING "ONE World, One Dream" is China's slogan for the Olympics next summer and Beijing over the last six years has made painstaking efforts to ensure that these Games will be the best ever held, anywhere, anytime. However,
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      Lock icon Foreigners need not apply
      899 21  -  Why pick an American to head the World Bank when there are plenty of good candidates from other countries? By MOISES NAIM The Washington Post FOR more than 60 years, Mexico's most important political practice was known as the dedazo. It was a moment near the
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      Lock icon Let market discipline banks
      293 21  -  Angelina Fernandez Director (Communications) Monetary Authority of Singapore I REFER to recent letters to the media on the issue of fixed deposit rates. MAS does not see the setting and offering of fixed deposit rates as an issue for which we should set regulatory rules. Rather,
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      Lock icon Paying top dollar is the secret of S'pore's success
      723 21  -  By SONG EUI-DAL Chosun llbo THE driving forces that have turned Singapore into Asia's most advanced country are its leadership and its public officials. On a recent trip to Singapore, the residents that I met had only uniform praise for the
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      Lock icon Corporate governance culture weak in Asia
      242 21  -  LETTERS TO THE EDITOR Mak Yuen Teen I READ with interest that John Browne, the former BP chief executive. has resigned from the board of directors of Goldman Sachs, after it was revealed that he had lied to a UK High Court judge. While
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  • Article
    Lock icon SINGAPORE STOCKS
    11105 22 SGX MAINBOARD Transaction date: May 15 52 Wk Td Last Vol Day last Quote Dhr GrYW Not MCap High low Code Company Sate (*000) High low Iwyr Sattf Cvr P/E $wi J 3.5 2 5716 1st Software 2 susp II 15 6 3148 8Tetecom 12.5 unch 1975 125
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    Lock icon FINANCE & COMMODITIES
    5952 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In loot curr In S$ In USS *dy Xyr Xdy %yr dy Syr May 14 lnd«» Change Change Change Change Change Change World lnde» Preliminary 1173.1 OJ 6.6 -0.1 62 OJ 7.5 *EAFE Preliminary 1190.7 0.1 6.6 0.0 6.8 0.1 8.1 Europe Preliminaiy
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      1381 24 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NIPHA NAREE RDM/ATW/BMN/TIB/NAN AURORA SAPPHIRE CAM/NFK/NCX/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.EJL SERVICE Destination Destination PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN PAN BRIGHT JDH/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk,
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      642 24 [WfWAHA RORO SMVICE VBSa/VOT IMWI HBGHTgQ m KM KB I Ml I JCT STtAm EXHtESS 10 30 4.0 13/05 17/05 20/05 71/05 U«iwh«m 1 VBSa/VOT lAfgT) HBGHTW KB M SW m M HH DKSOOI/OU 100 5.0 2171/04 054)5/05 074)7/05 09 10/05 J212/05 I*l4/05 rosmvtittoa/oio 100 so 1212/05 24-21/05 tsti/os 30-31/05
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      1590 25 WAN HAJ INTERNATIONAL PTE LTD a mmshoooo/R ....mi mm mm mmmmm 111:*****588 (MUNIS) FAX: *****163 \M WAN II Al I INFn Cm—rS«vk>/lo«hh|iDlmtUw• (1800)*****200 V 11 Vf T Mil 11MI UIILJ mitmawmH&mswxMmmMrtMHiiwzMi* V JOHTH: (07) 2SII92JfAX: (********** SIR T&: (031) *****75 MX: (031) *****14/*****05 www wankai rum (a *T *:|»1)52S41I» FAX:
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      1346 25 |-|H EASTERN CAR LINER, LTD W I SPKIALIZI IN RORO 4 HEAVY UFT UPTO 450 TOWS Uftwrn sw I m nm jkt wua 10 com heko 77 sfi H KM ESTKLU ETttHA 143 60 W/OS 31/D5 ggj Ult "ITS SO W 02/ M mm g tpt ESTKIiA ETtKMA 144 60
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      652 25 <m WEEKLY EXPRESS BAIUHG SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS «ai WW I M I fJMM I coumio HSKW COtflWO HMmtlM MM» IS MY UM4T HMY 23 MAT UM uakimm twos bkw anil an OL ill ujiymom ohm nm »my mm om» Fiomi ALSO KCPTW FQ
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  • The business times Shipping Times
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      Lock icon The Business Times Shipping Guide Export
      7376 26 This ETA HA Advtrtnar VcsmI Voyage Tthphow I cim rwfi mmm hmm Number Hmhif in mil ii[ii"iMii|iiH>i WHMW I HWI IMliij'Hi" 'I I To ABIDJAN (ABJ) 2003 Cote D'lvoire 30/05 02/07 Mmas DELMAS LIBREVILLE 722W *****344 30/05 10/07 Detmas DELMAS LIBREVILLE 722W *****344 06/06
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      540 26 iVESSit VOY PKL SIN KHI DXI I BAB I PMM UK KHO IRAN TABATABAiI PCLBI9B 19/05 18/05 27/05 30/05 31/05 06/06 08/06 10/06 IRAN BAABAEI PC LSI 99 25/05 26/05 04/06 07/06 08/06 14/06 16/06 18/06 IRAN SATTARI PCIB2OO 31/05 01/06 10/06 13/06 14/06 20/06 22/06 24/06 VESSEL VOY SIN
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      377 26 I it' 11 a 11; s 111 tf mum ww M/5S ir/»s nimu I ww I wm wm totdrt mm wn ?t!^ pj p7sj Kiißaß smmaL uj 22/S2 am JSiX Mii #48 fKfl ay/os Jakarta foS Shgoport Murta *i+ *|«i ,«j rjs ra~ |«r«. «j vn -<i *w WyYEVHS M»
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      344 26 fm GLORY NAVIGATION GROUPI (sma ivo) l I OWNS A OPERATES THE YOUNGEST FLEET I WITH TWELVE 7,000 DWT TWEEN DECKERS COVERING I THE ENTIRE ASIA PACIFIC PORTS m UOULM WICKLY SOtVICfS: a I KAOH SIUNG A CHINESE PORTS, HONO KONG TO A MOM I SOUTHEAST ASU J SMGAFOH MAT
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  • MOTORING
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      Lock icon Captiva-ting more affluent S'poreans
      586 28  -  By SAMUEL EE CHEVROLET is reaching out to a newer and more affluent group of customers in Singapore with the sev-en-seat Captiva sport utility vehicle (SUV), according to the General Motors-owned car maker. "Those who are buying it may be driving European cars like BMW and
      586 words
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      Lock icon Parallel imports off to strong start this year
      578 28  -  Grey imports up to April hit 7,755 units against 30,596 for authorised versions By SAMUEL EE SALES of parallel imported cars are accelerating strongly, with registration of the grey imports now accounting for about one out of every four authorised versions. Last
      578 words
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  • executive Money
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      Lock icon Are performance fees fair?
      1254 29  -  Investors should know a fund's fee structure before they invest, and if there is a performance fee they should examine if the benchmark is truly reflective of a fund's exposure, writes GENEVIEVE CUA GENEVIEVE CUA PERFORMANCE fees are creeping into the Singapore funds landscape, both in
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      Lock icon China A shares: an eating market or a trading market?
      1211 29  -  By MARSHALL GITTLER I STARTED out in this industry as a Japanese Government Bond (JGB) strategist in 1987. Back then, the benchmark JGB #89 bond was the most actively traded real (as opposed to derivative) financial instrument in the world,
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      Lock icon Africa—last great investment frontier
      1428 30  - Africa —last great investment frontier MONEY MATTERS Many investors and fund managers had written off the continent before, but this looks to be changing MICHAEL PREISS AFBICA is the last great investment frontier. African economies and capital markets are overlooked and under-researched, and there are hardly any funds available (yet)
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      162 29 MONEY MATTERS Looking for fresh game? Tiy Africa PG3O The global name in CFDs CFDs are a flexible and cost-efficient way to trade on Singapore and international shares. (65)6390 5118 Go long or short of shares on margin, putting up a fraction of the full contract value. mm. igmarkets.com.sg; Guaranteed
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      63 30 H* Various plot sizes Business park zoning Annual rent scheme or upfront land premium scheme Promixity to Singapore EXPO, EXPO MRT station and Singapore Changi Airport For more information, please contact Mr Dave Ong at 6883 3596 or Ms Sim Ling at 6883 3280 or call our Contact Centre Hotline
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  • Banking&Finance
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      Lock icon SOARING TO
      493 31  -  By Wei Kong THERE is a buzz and a level of optimism in Singapore's banking sector not seen in many years. And it's not difficult to see why. The past year has seen banks grow in both business volume and profits, in tandem with a booming economy. There
      493 words
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      Lock icon DBS seeks an Asian destiny
      1326 32  -  CEO Jackson Tai tells Wong Wei Kong focusing on the region is the best way to stay relevant to its customers needs WONG WEI KONG THIS is one of Jackson Tai's favourite stories. In the middle of last year, a unit of City Developments was
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      Lock icon Looking at the big picture
      1233 34  -  UOB chief Wee Ee Cheong talks to Wong Wei Kong about the bank's long-term vision WONG WEI KONG UNITED Overseas Bank (UOB) is staying the course to become a premier regional bank though it might have to make adjustments along the way in a dynamically
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      Lock icon OCBCclearly on the move
      959 35  -  A process of continous transformation is key to winning hearts and minds, CEO David Conner tells Wong Wei Kong WONG WEI KONG OCBC Bank is planning a major revamp of its entire branch network in Singapore in the coming months, chief executive David Conner said. The
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      Lock icon Serving smaller needs
      881 36  -  Focusing on the SME sector has allowed Citigroup's CBG to tap into the trillion-dollar Asean economy, its MD Eugene Tan tells CONRAD RAJ CONRAD RAJ THERE was a time when small and medium enterprises (SMEs) had to go begging for loans, as financial institutions ignored their pleas
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      Lock icon Big help for small players
      1308 38  -  SMEs have never had it better with the slew of financial products and services tailored to their needs, finds out nande khin NANDE KHIN WITH the corporate market segment becoming more mature, banks have been going after SME customers like bees to honey. Whether it
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      Lock icon Money movers
      964 39  -  Increased wealth creation in Asia means cash management is a booming business for banks, learns SIOW LI SEN SIOW LI SEN THE cash management business has never been more sexy. Alright, that may be an exaggeration and most ambitious young Singaporeans want to be either private bankers or
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      Lock icon Feeding the business
      1124 40  -  OCBC's Dawn Tay talks to JOYCE KOH about the perks and challenges of working as a relationship manager for the F&B industry JOYCE KOH IF FOOD is indeed the favourite pastime of Singaporeans, then Dawn Tay has an enviable hobby as her job. As a relationship manager
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      Lock icon Preserve your wealth
      969 41  -  Barend Janssens offers five simple steps to help familes sort out inheritance issues BAREND J ANSSENS WE ALL know the saying that family wealth cannot survive more than three generations. Amassing your wealth and growing your legacy is often far easier than preserving and transferring it to
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      Lock icon Evaluating risk & reward
      878 42  - Evaluating risk reward Joseph Kwok offers pointers on what to look out for when investing in structured products JOSEPH KWOK STRUCTURED products are the current rage of financial innovation. In the marketplace, structured products come with a myriad of risk and return characteristics. There is no one universal definition to
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      Lock icon The value of a trust
      754 42  -  By OLIVER DENIS IN A region where talk of succession planning is considered taboo, many of Asia's super rich do not plan for the transfer of their wealth to future generations. This may be out of ignorance or perhaps it is just too difficult for
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      Lock icon Go green in 2007
      1133 43  -  With ecological issues on high priority, investing in the eco-market is a sound choice, say Simon Goh and Alastair Ding SIMON Goh and ALASTAIR DING THE first quarter of 2007 saw continued interest in some themes that have worked well for investors in 2006. Emerging markets,
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      Lock icon Living it up with plastic
      1223 44  -  Gan Ai Im looks at how credit cards are no longer a privilege, but a way of life GAN AI IM THE Diners Club credit card is widely considered to be the first modern credit card. In 1949, Frank X McNamara thought of a way
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      Lock icon Innovating to win market share
      1383 44  -  By ATUL MATHUR ORIGINALLY designed to be a payment instrument for travel and entertainment expenses during the travel boom in the mid-*****, the credit card today has evolved into the modern day Swiss army knife and is an integral part of our daily lives. Today,
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      Lock icon Home loans set to take off
      867 45  -  Demand for high-end properties is rising particularly from foreigners, says SIOW LI SEN SIOW LI SEN BANKERS may finally get some relief as home loans their biggest product seem on the verge of taking off after three years of decline. Since hitting a high
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      Lock icon Making hedge funds work
      1138 46  -  Thorough due diligence and manager selection are crucial to successful investing,advises Martin Keller Martin Keller THE proliferation of hedge funds with their increasingly complex investment strategies has made successful manager selection crucial for investors. Good manager selection is particularly important in Asia where the industry is
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      Lock icon Funding through private equity
      1265 46  -  By DIANA KOH ALISON SIMPSON THE concept of taking a company public has long been regarded as an acceptable, even prestigious, way to raise capital. In recent years however, an increasing number of companies have secured capital through equity investment by private equity funds. Just what
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      Lock icon Islamic banking in Asia
      829 47  -  Demand for Syariah compliant alternative investments is booming in the region, writes Atif A Abdulmalik ATIF A ABDULMALIK SOUTH-EAST Asia, which has a long history of innovative Islamic finance, is well-positioned to capitalise on the growing Islamic banking activity. The region has recently witnessed a flurry
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      Lock icon Philanthropy begins with the family
      1003 48  -  By TERRY ALAN FARRIS CHARITY begins at home and, similarly, philanthropy begins with the family. As more wealthy individuals want to get involved in philanthropic giving, they need first of all to be keenly aware of the role their family will play in its success
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      Lock icon New money, new needs
      906 48  -  Private banking is evolving to cater to changing demands, notes MARCEL KREIS MARCEL KREIS ASIA is witnessing unprecedented wealth creation, led by economic powerhouses China and India, and throwing up enormous opportunities for private banking and wealth management. According to a Merrill Lynch Cap Gemini report,
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      198 31 I Inside: Heads of top 3 banks discuss expansion plans pages 2,4,5 More options for small businesses Page 8 A day in the life of a relationship manager Page 10 Private banking view Page 18 I I Smoothness you can feel, seven gears you can't. It's agility in a new
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      436 32 X-markets |b»WKC3BSC igjj Deutsche Bank STI Warrants Deutsche Bank's Straits Times Index (STI) Warrants let you dbwarrants is part of X-markets, tap into the opportunities from the movements of the Singapore your access to the global investment market! banking expertise of Deutsche Bank. www.dbwarrants.com.sg Being one of the most active
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      205 33 lOCBC Bank m&& Welcome to a world of service and convenience with OCBC Bank. Here at OCBC, meeting the banking needs and financial aspirations of our customers have always been our priority. By constantly striving to provide innovative products and services, we have made banking easier, more convenient and enjoyable
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      532 34 OHAFRLjmNraSfflro^^^^^ ikttiii 1 I UlYcilMSfil" 7 ~vf. yEL ,-.^j|^MJM| j^tt^ml ",'^^v^B^^"^3r^^PiPP M I d^^'''" AM I i. ffi*fc IgjH fl "JF JP*' j» m 1 -.■a V, <*►' 4 -"SB* »T*'«f' r '< -v When it comes to making the right moves in emerging markets, Rapid population growth is fuelling
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      62 35 .s Si"- V<' IMtrj >wS;r'.' raS»sg& -.J\\.. ri >tpw mm n« H ..^^HH Hr 38s* f^ fe M IESUriBf I -^^mih We look at things from a different perspective for the benefit of our clients. By building on our experience and expertise globally, we help our clients realize new opportunities.This
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      200 36 I I 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.
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