The Business Times, 17 May 2007
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2007-05-17
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The Business Times
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Title Section22 2007-05-17 1 The Business Times MICA (P) 202/12/2006 Thursday, May 17,2007 online at http://business-times.asia 1 .com.sg A SINGAPORE PRESS HOLDINGS PUBUCATION SINGAPORE 85 cents22 words
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Article, Illustration692 2007-05-17 1 CONRAD RAJ - It sets up bodies to disburse funds and help beneficiaries By CONRAD RAJ [SINGAPORE] A gift of half a billion dollars has been pledged to a new fund for the people of Asia by Tema-sek-Holdings. the Singapore investment company. Temasek yesterdayArthur Lee - 692 words
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Article17 2007-05-17 1 STI 3,501.17 (+26.09) ST INDEX FUTURES 3,502.00 (+29.00) SIMSCI 430.64 (+2.80) SIMSCI FUTURES 431.50 (+3.60)17 words
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891 2007-05-17 1 TEH HOOI LING - It's usually too late to buy into a company after an RTO deal is announced By TEH HOOI LING [SINGAPORE] Punters looking for easy profits by buying into a company after a reverse takeover (RTO) deal is announced will be disappointed half891 words
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Page 1 Advertisements
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Advertisement23 2007-05-17 1 PROPERTY Capita Land sticking to its overseas strategy my START YOUR BKMES! Views on how to jazz up Singapore's FI pages 2 1323 words
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Advertisement13 2007-05-17 1 WORLD RANK White House shifts stance on Wblfowitz PAGE 19 8 l l13 words
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Advertisement45 2007-05-17 1 j ./A mggSNKWWkM fIMJMHMnf New home leases shrink 50% in Q1 PAGE 32 wbf€ms% declared bankrupt MISftMSSES Performance of takeover shares PAGE 4 j tt I .1 'NvSjjf > .5 •'"'f l v ,v ry V <*••• k3t ■-,J° L M HI aCT 7 g v /ir45 words
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TOP STORIES
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548 2007-05-17 2 VINCENT WEE - Suggestions include event festival, decking out city buildings, parties By VINCENT WEE [SINGAPORE] After the initial excitement of Singapore Winning the right to hold an F1 race, attention is now turning towards the practicalities of holding the race and the opportunities548 words
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Article, Illustration856 2007-05-17 2 MICHELLE QUAH - Move follows their failure to pay legal fees; Loo and Yong guilty of negligence By MICHELLE QUAH [SINGAPORE] Former National Kidney Foundation (NKF) board members Richard Yong, Loo Say San and Matilda Chua were yesterday declared bankrupt by the High Court,CHEW SENG KIM/THE STRAITS TIMES - 856 words
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789 2007-05-17 4 Episode shows there's transparency in transactions, says Mun Leong [SINGAPORE] It has now emerged that Capita Commercial Trust (CCT), in which Capita Land has a 30.4 per cent stake, did make an offer for Temasek Tower, which a 90 per cent789 words
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Article, Illustration410 2007-05-17 4 Wilmar's palm oil business is hotly pursued by investors Reverse takeover deals in Singapore J V Oct 15 '01 i United fiber I Forestry assets -€.7 I 8JB I -155 -6j _Lm ..___4S3— BHHHBHBlBBMMBMBBMHBBMMBMMBBBMHBMMMBBHB MHHNflfll HflHM WizOffice ,May1'03 SS14.8m Jun1'03 JapanAsia Property development/asset management 20.7 33,3 -12.6410 words
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Article526 2007-05-17 2 CapitaLand's overseas strategy to stay: CEO CAPITALAND may have made the bulk of its earnings for last year and the first quarter of this year from Singapore reversing its earlier trend of earning mostly overseas, but the group plans to stick with its strategy of emphasising overseas business,526 words
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Article, Illustration755 2007-05-17 4 KALPANA RASHIWALA - This is despite S'pore taking lion's share of group earnings lately: CEO Reports by KALPANA RASHIWALA [SINGAPORE] Capita Land may have made the bulk of its earnings for last year and the first quarter of this year from Singapore reversing an earlier trendFILE PHOTO - 755 words
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Page 2 Advertisements
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Advertisement120 2007-05-17 2 Full text of CEOs' views on S'pore F1 PAGE 13 PROPERTY SHOWCASE SEMINAR Saturday Sunday 27 th May 2007 \LJ 2.00-5.30™ The Hilton Singapore Hotel (581 Orchard Road) Learn from Australian property experts the best buys and investment strategy that makes you money Find out the financial options open to120 words
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Advertisement5 2007-05-17 2 people Hunting season has begun.5 words
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Page 3 Advertisements
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Advertisement163 2007-05-17 3 j^HI I m I I m p u jjy y llSt^^H II B> Ik fI^HH II II :9l^^H II I S "j I B ;i^H^HH| I II 8 m i^HH I F^gfl v B fll^^HBHI What if today were Someday? The day you got your first job. The day you163 words
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Page 5 Advertisements
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Advertisement319 2007-05-17 5 ii' n^ M M I M B4R£T I > < I jjjL Vy■ V I J <X'' /iJywwHK^ 7 .«*3i jhE9^^|^^|^^^H^|H^^|Hß n>> ISHIw J &v /V'^&i'^v'-^/N tf i Ss ■p*-" 'r- <, -J v f v .-^HA, l ILN V -1 i£ x, n2 WE& 7 f j iTwf H319 words
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COMPANY NEWS
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Not quite smooth sailing aheadfor NOL yet
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Chapter622 2007-05-17 6 DONALD URQUHART - HOCK LOCK SIEW By DONALD URQUHART to be getting shorter. Past experience showed that the typical liner shipping cycle lasted about six or seven years. Better cost management and overall better business efficiency, combined with the faster pace of global economic change, have meant these cycles now appear to have622 words
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Article, Illustration385 2007-05-17 6 STAR Cruises, Asia's biggest cruise operator, said yesterday that its firstquarter net loss widened because heightened competition forced the company to lower ticket prices. Net loss in the first three months was U5579.4 million. compared with US$35.l million a year earlier, accordingAFP - 385 words
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342 2007-05-17 6 MATTHEW PHAN - By MATTHEW PHAN SINGAPORE Technologies Engineering (ST Engg) is injecting an additional US$l6.9 million into a joint venture in specialty vehicles in China, through its land systems arm ST Kinetics. ST Kinetics yesterday signed a memorandum of understanding (MOU) with342 words
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Article, Illustration400 2007-05-17 7 UMA SHANKARI - M'sia is its first overseas market expansion because of its familiarity By UMA SHANKARI FRASERS Centrepoint Trust (FCT) yesterday said it has paid $46.6 million to buy 27 per cent of a Malaysian real estate investment trust (Reit), kick-starting its overseas expansion. FCT is400 words
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327 2007-05-17 7 UN ZHAOWEI - By UN ZHAOWEI CHINA-BASED consumer brand development and management company Sun East Group, which was listed on the mainboard in April last year, reported a net profit rise of just 3 per cent to HK$l4.7 million (Ss2.B million) for its327 words
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Article, Illustration456 2007-05-17 7 Move to help firm get more acquisitions for expansion without debt burden Bloomberg [BLOOMBERG] Olam International Ltd, supplier of ingredients to companies such as Nestle SA and Kraft Foods Inc. plans to set up a business trust for its assets to improveBloomberg - 456 words
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Article, Illustration642 2007-05-17 8 JANICE HENG - Watchmaker set to open China flagship store in Beijing mall it acquired recently By JANICE HENG SESDAQ-LISTED watchmaker Time Watch Investments Limited recently acquired a shopping mall in China where it will establish its first flagship store. The Hong Kong-based company isYEN MENG JIIN - 642 words
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Article692 2007-05-17 8 Hotel Royal buying 7 units in Star Mansions HOTEL Royal announced that it is buying seven units in Star Mansions along Surrey Road for a total of $14.1 million. Star Mansions is a freehold nine-storey residential development, situated next to Hotel Royal Building. The acquisition price works out692 words
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233 2007-05-17 6 It's one of a handful of such big hedge funds in S'pore Reuters HYDER Ahmad, a former executive at Goldman Sachs in Asia, has launched a new US$l billion hedge fund in Singapore investing in Asian equities, two people familiar with the fundReuters - 233 words
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391 2007-05-17 6 OH BOON PING - By OH BOON PING SHARES of Digiland International continued to rally yesterday on speculation of a potential mega reverse takeover deal. Yesterday, the counter surged as much as 28.6 per cent to a day-high of 4.5 cents before closing half a cent391 words
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Page 6 Advertisements
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Advertisement18 2007-05-17 6 Offshore companies The Celebrated Radio 91.3 Is managed by SPH Unionworks, a subsidiary Of UD Singapore Prtss Holdings18 words
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Page 7 Advertisements
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Advertisement200 2007-05-17 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 protect200 words
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Page 8 Advertisements
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Advertisement213 2007-05-17 8 Club Card To apply, call 6416 0980 1 World of Exclusive Privileges Treats Diners Club I Top t0 >KL 43ff G|flo organisational needs. TREAT YOUR SENSES TO AN AUTHENTIC n 7 VIETNAMESE HOUDAY Embark on an epicurean sea adventure v>4k^BW From 9 to 20 May, feast on an authentic spread213 words
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Page 9 Advertisements
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Advertisement273 2007-05-17 9 .V. .-.V' V-i v I > v I\ Sfsl^F H H mb I I 819 W* I B Is: e 00 /o sold. I i jgjM^gin' Thank you for your support. IHB IfestifiHiii. liTym I Itißll am m Hm B Si I I P' H H II I ■V;^-y' -J.273 words
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SINGAPORE MARKETS
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Article, Illustration540 2007-05-17 10 R SIVANITHY - Index up 26 pts, wiping out its Tuesday deficit; speculative plays and research ideas fuel 2nd-line interest STOCKS R SIVANITHY Senior Correspondent A STABLE overnight session on Wall Street and, more importantly, a firm day in China yesterday helped the Straits Times Index bounceSource: Bloomberg - 540 words
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Article, Illustration942 2007-05-17 10 SECURITIES TRADING SCOREBOARD MAIN SDQ TOTAL Ub Dow Uwdi Up Down UBdi Up Down Undi Multi Ind 7 _5 5 1 0 0 8 5 5 Manufacturing 96 43 71 20 7 16 118 50 87 Commerce 30 19 29 10 4 5 40 23 34 Tpt/Stor/Comms 20 12 14942 words
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Article, Illustration977 2007-05-17 10 UMA SHANKARI - Compiled by UMA SHANKARI Inter-Roller Engineering May 16 dose $1.02 MESBttJ. LYNCH, May 15 1Q RESULTS In fine; one-cent interim dividend: The results were in line with our expectations. 1Q earnings came in at 20 per cent of our full-year forecasts. We expect the second half to beSource: Bloomberg - 977 words
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Article, Illustration526 2007-05-17 10 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent SOFTER than expected US prices fuelled expectations that the US central bank could trim interest rates in the second half of 2007 and, on the Asian front, firmer favourite currencies continued to out- perform the Singapore dollar as the USSource: Reuters - 526 words
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SINGAPORE NEWS
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367 2007-05-17 11 WEE LI-EN - Its autonomy is recognised by encouraging finality: court By WEE LI-EN LAWYERS have hailed the decision of the Court of Appeal to uphold the findings of an arbitration hearing, saying that it demonstrates a commitment which will help establish Singapore as a reliable367 words
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342 2007-05-17 11 TETTYANA JASLI - Name marks $125 m gift from late tycoon's family By TETTYANA JASLI YISHUN'S new 550-bed general hospital is to be named the Khoo Teck Puat Hospital, acknowledging the $125 million donation made by the family of the late hotelier. Of the total sum,342 words
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408 2007-05-17 11 CHARMIAN KOK - By CHARMIAN KOK NEW York University (NYU) School of Law and National University Singapore (NUS) Faculty of Law yesterday announced the official launch of NYU@NUS, the dual degree law programme in Singapore. Speaking at the launch, US ambassador to Singapore Patricia L408 words
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Article, Illustration353 2007-05-17 11 CHRISTINE SIM - By CHRISTINE SIM THE first two-day symposium on immunology and developmental biology run by Singapore research agency A Star and Japanese agency Riken started yesterday with the stated aim of helping redefine the method of scientific progress. Lim Chuan Poh, chairman ofFILE PHOTO - 353 words
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286 2007-05-17 11 CONRAD TAN - By CONRAD TAN BANK Hapoalim Switzerland (BHS), the Swiss private banking arm of Israel's largest banking group, yesterday opened its first branch in Asia here. Until now, Bank Hapoalim Group, which owns all of BHS, operated in Asia via a representative office286 words
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426 2007-05-17 11 RONNIE LIM - Consultant hired to help prevent spikes in price as occurred from Oct to Feb By RONNIE LIM THE Energy Market Authority (EMA) is looking at some long-term solutions, including possible new regulations, to help prevent spikes in the price of "regulation" electricity426 words
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Page 11 Advertisements
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SINGAPORE INTERNATIONAL
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Article, Illustration1061 2007-05-17 12 CHUANG PECK MING - Urbanisation and rapid growth in car population have contributed to road congestion in the Middle East. This is an area where Singapore can share its expertise, reports CHUANG PECK MING CHUANG PECK MING THE image of the Middle East is that it's slow moving. ButFILE PHOTO - 1,061 words
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483 2007-05-17 12 ARABS are ready to pay top dollar but they want the best and to be ahead of others in the Middle East. Which suits MSI Global just fine. The Singapore-based land transport consultancy service provider offers only the best, according to Ho483 words
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524 2007-05-17 12 THE name sounds official and what it represents only reinforces the impression. Certainly, the formation of the Singapore Land Transport Consortium (SLTC) in May last year was initiated by International Enterprise Singapore, the government agency pushing for Singapore companies to venture abroad. Yet SLTC,524 words
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Page 12 Advertisements
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Advertisement105 2007-05-17 12 lAavtSOry inaia Date Thursday, 7 June 2007 Wk J A one-day semishould look Time 8 3 oam 6.00pm expanding intoinc&i, rf/ g. i-0, Venue Raffles City Convention Centre, Ariss vRHv *> y V■ Stamford Ballroom gp j KEY HIGHU6HTS Fee SsBo My C> Mchfn pfbvwirw OV6f\A9M/ m nP mm .mf|105 words
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Advertisement6 2007-05-17 12 ssssr- The Business times SIWGAKJUC Singapore6 words
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SINGAPORE F1
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Article, Illustration462 2007-05-17 13 Charles M Ormiston - Now that the Formula One is coming to Singapore, what can be clone to make it a roaring success? Charles M Ormiston Director Bain Company First, congratulations are in order. Reading the Sunday Times over the weekend, it is clear that several local business and government leaders462 words
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ECONOMY WATCH
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471 2007-05-17 14 Reuters. AFP [PARIS] The US economy could still meet the Bush administration's forecast for 2.7 per cent growth this year despite a weak performance in the first quarter, White House economic adviser Edward Lazear said yesterday. Weaker exports and aReuters.; AFP - 471 words
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Article, Illustration509 2007-05-17 14 NYT. AP [WASHINGTON! Former US Federal Reserve chairman Alan Greenspan, whose pronouncements continue to jolt world markets, has signed a consulting deal with Pimco, the giant bond management firm. Mr Greenspan, 81, will meet executives of Pacific Investment Management Co once aNYT.; AP - 509 words
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Article, Illustration588 2007-05-17 14 Reuters [CHICAGO] Never bet against the US consumer, even when petrol prices are rising, the housing market is slumping and retail sales figures look ugly. That old investing cliche is certainly in for a tough test, but some onReuters; Source:of Economic Analysts,Bloomberg - 588 words
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371 2007-05-17 14 He cites variety of cross-currents to growth, inflation Reuters [DENVER] Kansas City Federal Reserve president Thomas Hoenig said on Tuesday that future Federal Reserve policy moves could still go either way, given a variety of cross-currents to growth and inflation. CurrentReuters - 371 words
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483 2007-05-17 14 S Korea can break agreement if made to revise it to reflect new US policy guidelines: negotiator AFP [SEOUL] South Korea's free trade deal with the US could collapse if Washington "unilaterally" urges Seoul to revise it to reflect new US policyAFP - 483 words
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Page 14 Advertisements
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Advertisement1388 2007-05-17 14 ;»ATci NOTICES ESTRACO LIMITED (Co. Reg. No. *****0526Z) (Incorporated in the Republic of Singapore) LOST CERTIFICATES Application has been made to the Directors of the abovenamed Company to issue duplicate certificate in place of the following certificates which have been reported lost or destroyed:Certificates No. Hmhc No. of Shaw fully1,388 words
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MALAYSIA/INDONESIA
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Article, Illustration798 2007-05-17 15 LAUREL TEO - To combat forest fires, Asean must present a more compelling case to global bodies and get assured long-term funding INDONESIA INSIGHT LAUREL TEO Jakarta Correspondent THE answer is money. The questions? It depends, but they all centre on the forest fires that rage across798 words
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221 2007-05-17 15 Reuters [KUALA LUMPUR] Shares in Malaysian builder UEM World rose more than 5 per cent yesterday after Singapore pledged to work with Malaysia on a project which the firm is developing in the southern part of the country. The stock was up 3.7Reuters - 221 words
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234 2007-05-17 15 Bloomberg [BANGKOK] Cagamas Bhd, Malaysia's biggest buyer of home mortgages, will sell as much as RM2 billion (SsB94 million) of Islamic residential mortgage-backed bonds as soon as this week, according to an e-mail sent to investors. The company is selling securitiesBloomberg - 234 words
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209 2007-05-17 15 Bloomberg [KUALA LUMPUR] Malaysian billionaire Quek Leng Chan bought al2 per cent stake in Petra Perdana Bhd. making him the third-larg-est shareholder of the Malaysian oil and gas services company, which is seeking funds to expand in the region. Mr Quek bought 35.5Bloomberg - 209 words
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Page 15 Advertisements
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Advertisement14 2007-05-17 15 I w 7n v. Wm A Hp {Rips jp4 p^^BSI Voted No.l J Euromoney14 words
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India
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358 2007-05-17 16 New Delhi-based DLF will hold 74% stake in the venture Bloomberg [SINGAPORE] Hilton Hotels Corp, the second-largest US provider of rooms, and joint venture partner DLF Ltd will spend about US$l.5 billion to acquire land and build 50 to 75 hotelsBloomberg - 358 words
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Article, Illustration410 2007-05-17 16 Billionaire Vijay Mallya buys Whyte Mackay for £595 m Acquisition seen to boost his group's Scotch portfolio Bloom berg. The Economic Times [MUMBAI] Indian billionaire Vijay Mallya's distillery group agreed to buy Scottish liquor maker Whyte Mackay for £595 million (551.79 billion), extending a record year for international takeovers byBloom berg.; The Economic Times - 410 words
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Page 16 Advertisements
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Advertisement1318 2007-05-17 16 :*AT3 ci? NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY SELL f'ND U Dnß NOR PROFIT AND LOSS ACCOUNTS BALANCE SHEETS Dnß NOR Bank ASA Dnß NOR Bank Group Dnß NOR Bank ASA Dnß NOR Bank Group 2005 1) 2006 Amounts in NOK mUHon 2006 2005 1 31D0c2005 1) 31 Dec1,318 words
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Advertisement472 2007-05-17 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 HW VALVE ft ENGINEERING PTE LTD (Co. Reg. No: 1M*****5R) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company duly convened and held on 11 May 2007. the following resolutions were duly passed: 1. SPECIAL RESOLUTION -WINDING-UP That the472 words
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Advertisement334 2007-05-17 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 SSH PROCUREMENT PTE. LTD. (Co. Reg. No: *****1665 C) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 11 May 2007, the following resolutions were duly passed: 1. SPECIAL RESOLUTION WINDING-UP That the Company334 words
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GREATER CHINA
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Article, Illustration623 2007-05-17 17 Vast rural market offers huge growth potential Reuters [SEOUL] Phone companies in China and India remain favourite picks for investors in Asia, as operators in the world's biggest and fastest growing mobile markets push out from the cities to rural areas in searchReuters; AP - 623 words
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179 2007-05-17 17 AFP [BEIJING] A major Chinese firm announced yesterday that it had signed a US$2.3-billion deal to buy mobile phones from Motorola of the United States, a week ahead of high-level SinoUS trade talks. China Postel Mobile Communication Equipment Co Ltd, the country's largestAFP - 179 words
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175 2007-05-17 17 Bloomberg [HONG KONG] Pacific Century Premium Developments Ltd, the real estate unit of Hong Kong's biggest phone company, sold about HK$B.B billion (Ssl .7 billion) worth of apartments and houses at its Bel-Air project since March. About 500 residential units were sold, mostlyBloomberg - 175 words
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Article2436 2007-05-17 17 VOl May 16 U» fOW) A4M Realty 225 -0.01 AbricBhd 0.30 unch 45 Aqi Industrial 2.00 -004 236 Advance Synergy .0.33 0.01 1072 AdventaBhd 133 0.05 426 A* Mutti Hldgj .033 Ml 17 Affln Holdings 225 0.07 3125 Ahmad Zaki tauu —.2.92 unch 34 AkCorp 0.59 0.01 302,436 words
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466 2007-05-17 17 It also inks MOUs with governments of Zhejiang, Jiangsu to secure IPOs Reuters [SHANGHAI] Nasdaq Stock Market Inc said it is considering setting up an office in China as the technologysawy US bourse seeks to list more Chinese firms. Nasdaq isReuters - 466 words
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Page 17 Advertisements
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Advertisement190 2007-05-17 17 W Ready for Global Opportui iiliLJi J Discover latest developments in Southeast Asia, China, India and the Middle East Manage recruitment and talent retention challenges across borders W Gear up for export and overseas growth W Build up firm-level capabilities j Steer ahead for global growth at International Enterprise Forum190 words
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MIDDLE-EAST
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Article, Illustration404 2007-05-17 18 Centre's investment unit to spend US$2b this year on foreign investments Reuters. Bloomberg [DUBAI] Dubai's DIFC Investments has bought a 2.2 per cent stake worth about US$l.B billion in Deutsche Bank, Germany's biggest bank. DIFC Investments is the investment arm of theReuters.; Bloomberg - 404 words
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321 2007-05-17 18 Reuters [SINGAPORE/BEIJING] China is expected to pump about two million barrels of Middle East crude into its second strategic oil reserve site at Aoshan by the end of this month, trading and shipping sources said yesterday. A China-based port source saidReuters - 321 words
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Article7144 2007-05-17 18 UNIT TRUSTS FUNDS AIM Arnro taat Mgt (S'pora) Star Europe Eqty'" H. 1.121/ Star Ewope Bond 11W Star Europe Bal 1-263/ Star Asian Tiger t« 1.418/ Star Asia Bond 1328/ Star Asia Balanced 1114/ Star Oab* Technologyfundi" 0219/ Mult St Fd 0977/ Star Aaa BondftJSH 0.877/ Gb Mi* St USD7,144 words
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Page 18 Advertisements
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Advertisement52 2007-05-17 18 Allianz Global Investors one of the world's largest asset managers with more Allianz than US$l.2 trillion assets under management as at 31 December 2006. Globall v^ s SCORE WITH THE STAR PLAYERS IN EMERGING MARKETS MM. FRANKLIN TEMPLETON Call your Financial Advisor today or visit www.franklintempleton.com.sg INVESTMENTS BIZ regn NO.:52 words
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ASIA-PACIFIC/WORLD
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Article, Illustration703 2007-05-17 19 AP Reuters [WASHINGTON] The White House, shifting its stance, said that "all options are on the table" about who should lead the World Bank, even as it defended embattled president Paul Wolfowitz. Mr Wolfowitz, who is accused by a special bank panel of breakingAP; Reuters - 703 words
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Article, Illustration497 2007-05-17 19 European buyout group's deal values leading fashion house at 2.6b euros Reuters [MILAN] European private equity group Permira took a 29.6 per cent controlling stake in Valentino, one of the world's top fashion houses, beating United States rival Carlyle. The deal valuesReuters; AP - 497 words
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422 2007-05-17 19 —Reuters [LONDON] The London Stock Exchange, which has fought off four takeover attempts in two years, yesterday beat average forecasts with a 55 per cent rise in annual profits on the back of strong trading volumes and cost cuts. Europe's largest share market—Reuters - 422 words
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348 2007-05-17 19 LATEST US DATA AP Bloomberg [WASHINGTON] Construction of new homes in the US posted a small gain in April but applications for building permits plunged by the largest amount in 17 years, a dramatic sign that the country's housing industry isAP; Bloomberg - 348 words
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270 2007-05-17 19 AFP Bloomberg [BANGKOK] The Bank of Thailand (BOT) yesterday said that it had not received a money transfer request from ousted billionaire premier Thaksin Shinawatra, who is reportedly poised to buy English football's Manchester City. Mr Thaksin, an avid football fan, hasAFP; Bloomberg - 270 words
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273 2007-05-17 19 Reuters [BOSTON] Fidelity Investments, the world's No 1 mutual fund company, has cut its exposure to PetroChina Co Ltd following pressure by human rights groups over the Chinese oil firm's links to Sudan. In a regulatory filing on Tuesday. Fidelity said it had cut itsReuters - 273 words
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Page 19 Advertisements
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Advertisement38 2007-05-17 19 I u TO nqw ■UhH ■kH H E9 «\v Cji* 118 bb R* J^m j§E ah «A MB_ JBI HHBBSKN^^^^^g^^HPPr''. YOUR CHOICE INFOTAINMENT STATION Radio 100.3 is managed by SPH Unionworks, a subsidiary of UB Singapore Press Holdings38 words
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AVIATION
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Article, Illustration349 2007-05-17 20 Reuters [BANGKOK] Airports of Thailand pel (AOT), the country's main airport operator, said yesterday that quarterly net profit fell 88 per cent due to a huge rise in operating costs and less foreign exchange benefits. AOT, which runs five airports, said inReuters; REUTERS - 349 words
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293 2007-05-17 20 [NEW DELHI] India and Russia on Tuesday came dangerously close to a diplomatic stand-off after Moscow decided to ban Air India and Jet Airways from its airspace, prompting a countermove by New Delhi—but the two made up at the last minute.293 words
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518 2007-05-17 20 VEN SREENIVASAN - Outcome of hearing will be closely watched by other A380 customers By VEN SREENIVASAN [SINGAPORE! Singapore Airlines (SIA) and its pilots will get a court ruling on their highly publicised dispute over salaries for pilots of the new Airbus A3BO518 words
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304 2007-05-17 20 AFP [SEOUL] Foreign airlines yesterday criticised a plan to relocate their operations at South Korea's main international airport from next March, saying the proposal unfairly favours Korean carriers. The state-run Incheon International Airport Corp plans to move the foreign airlines into a new concourse,AFP - 304 words
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323 2007-05-17 20 Bloomberg [NEW DELHI] Indian Airlines Ltd, the country's sec-ond-biggest domestic carrier, said more than 12,000 employees have threatened to go on strike today and tomorrow after demanding payment of decade-old wage arrears. The Air Corporation Employees Union, the biggestBloomberg - 323 words
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Article2344 2007-05-17 20 CITT ftMHT IT* FU6OT HP AhnPfcaM SQ455 1230 SQ456 1300 AdaiaMa LH9771 1750 AF8088 2230 SQ268 1750 BA7382 2230 AF8087 1820 QF82 2230 8A7381 1820 LH9770 2345 QF81 1820 SQ269 2345 »l>—dabad SQS30 1930 Annfcd»» L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L*****2,344 words
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Page 20 Miscellaneous
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Miscellaneous205 2007-05-17 20 CRYPTIC CROSSWORD 7 Rest cue bridging centre of |H| IMB 10 Purity from alcohol, esPart of old tree contains new Z!^|^L3Z^I^LZZ-j|IiKZZ-jlllll^L__^llll pine (4) career (7) Impulsive right remains... (4) -L_J—-^H— IH ~j■jjjj^^^H t r _i u i tor's opinion (9) Across: 1 Acupuncture, 9 Glad--2 Gambling dub company ad- 16205 words
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SHIPPING
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Article, Illustration312 2007-05-17 21 AFP [LONDON] A life jacket worn by a woman who survived the sinking of the Titanic in 1912 sold for £60,000 (*****,990) at auction in London yesterday. Laura Mabel Francatelli, who was travelling first class on the ship as secretary to society dress designerAFP; AP - 312 words
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325 2007-05-17 21 Bloomberg [DUSSELDORF] TUI AG chief executive officer Michael Frenzel said he expects shipping revenue to recover and declined to give a profit forecast until regulators approve the company's takeover of First Choice Holidays pic. TUI, Europe's biggest travel company and owner of theBloomberg - 325 words
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Article285 2007-05-17 21 S6X '000 MeyH St W- Vol Ch Offshore .0.60 0.01 4187 Chuan Hup Hkjgs ..0.36 unch 596 CoscoCorp 2JSS 0.07 ***** Cwt Limited .0.89 0.01 150 EzraHldgs 535 -0.15 1166 Freight Links .0.14 unch 6224 Grand Banks 1X6 0.01 15 jaya Hold Ltd 1.49 -0.01 737 K1 Ventures285 words
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323 2007-05-17 21 Reuters [BRUSSELS] Belgium's Exmar is considering issuing shares or bonds or listing its offshore business to fund the purchase of further liquefied natural gas (LNG) regasification vessels, its chief financial officer told Reuters. "We believe we could be in a position toReuters - 323 words
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Article, Illustration564 2007-05-17 21 DONALD URQUHART - IMO conference considering a draft convention on the removal of wrecks By DONALD URQUHART [SINGAPORE] An international diplomatic conference on shipwreck removal now going on in Nairobi is expected to provide a legal basis for the removal of wrecks, currently estimated to564 words
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240 2007-05-17 21 Reuters [NAIROBI] Gunmen attacked three ships off the Somali coast, seizing two and taking scores of Asian crew members hostage in the latest raid off one of the world's most dangerous coastlines, a Kenyan official said yesterday. Andrew Mwangura, director of the EastReuters - 240 words
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Page 21 Advertisements
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Advertisement26 2007-05-17 21 Want the best price? Hold an auction. Call 1800 289 8822 or email notices@sph.com.sg to book your auction notice in our newspapers now. KATsWf NOTICES g26 words
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Advertisement78 2007-05-17 21 A market leader in developing unique liner shipping software for Setting new shipping lines and agents. STANDARDS The latest LIMA Principal Suite and ALFA Agency Suite are developed as a comprehensive and fully integrated platform for liner shipping companies, liner agents, NVOCCs and third party agents Software LIMA and ALFA78 words
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Advertisement252 2007-05-17 21 Your tired crow deserves only the best rest That's why Hotel 81 offers quality rooms with every amenity ro ensure their comfort. On top of that, you II enjoy value-added services like transport and meal arrangement at nominal charges. We even accept reservations at short notice to give you more252 words
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EDITORIAL & OPINION
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519 2007-05-17 22 EDITORIAL SINGAPORE and Malaysian leaders decided to boldly move with the times this week. As Singapore's Prime Minister acknowledged the outstanding issues are not easy to resolve immediately or else the present leaders would not have inherited them in the first place. He also519 words
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Article, Illustration1250 2007-05-17 22 JIM YARDLEY - China considers highways crucial to maintaining its economic growth. But the cost is so large that China is financing much of the system with tolls that are, by Chinese standards, pricey By JIM YARDLEY FEW motorists in any country brightenXINHUA - 1,250 words
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Article, Illustration807 2007-05-17 22 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group REMEMBER the great "offshoring" debate? It was all the rage a few years ago. Modern communications allowed white-collar work to be zapped around the world. Americans faced a terrifying future ofThe Washington Post Writers Group - 807 words
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Article, Illustration960 2007-05-17 23 ANTHONY ROWLEY - Fund managers can't be sure of getting their hands on Asian forex reserves being farmed out for private management ANTHONY ROWLEY Tokyo Correspondent FROM all accounts, fund managers in Asia and beyond are salivating at the prospect of having more Asian governments follow the example ofAP - 960 words
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719 2007-05-17 23 Fai Au Yeung - LETTER TO THE EDITOR Fai Au Yeung CEO,City Spring Infrastruc ture Management Pte Ltd IN the article "Is there value in City Spring forecasts?" (BT, May 16), the writer raised two key issues: a) the-reliability of City Spring's financial forecasts; and b) questions719 words
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806 2007-05-17 23 SERGEI A KARAGANOV - By SERGEI A KARAGANOV IHT ONE can only be amazed at the present state of Russian-European relations. Misunderstandings and minor issues take precedence over far deeper shared interests. These interests are clear: the need to prevent or manage the proliferation of weapons of massIHT - 806 words
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Article136 2007-05-17 24 STOCK PRICES LEGEND: Straits Times Index Stocks; N Net 2 or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer cdca cum dividend cum136 words
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Page 24 Advertisements
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Article7714 2007-05-17 25 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS la IKS dy S yr %dy Syr dy Syr May 15 lnd«» Change Change Chang* Change Change Change World Index Preliminary 1175.0 0.3 65 0.5 65 04 7.9 »EAFE Preliminary 1180.4 0.0 6.6 03 7.1 02 8.4 Europe7,714 words
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Page 26 Advertisements
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Advertisement1798 2007-05-17 26 UK CONTINENT SERVICE U.S.* 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 I MIPPLE-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 Loods Singapore, E./W. Malaysia, Indonesia loads E. Malaysia, Indonesia OTHER SERVICES Tramping1,798 words
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Advertisement393 2007-05-17 26 wftv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobol.tom VRSO VOT »W HEIGHT Sm IK >A 0 SAV Ml 0»f TOUKOMG ML7O4 4001 M iM 11/05 OWT 23/0* 30/0* 01/07 UtONGA AI7U 3201 M UII 29/05 21/0* 30/06 05/07 09/07 07/07 UMESIS Af7l7 3201 m MM _07/o*_ 01/07 H/07 15/07 >0/07 10/07 *NtwY«fctNM(vhJqMO393 words
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The Business times Shipping Times
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108 2007-05-17 27 This eta ETA MmrtInr VM Vayaga TatapteM SIN Dasf n Mmm Nam IkMr Mwinfai (tSWiMKHIIMIIMSinMMRMMMHMHWMMMI Mi 8 NTUIttR 0010S ln 6^"^' a ETA ETA A*nrtlii( VmmI Veyefe T»l«phim SIN Dtffn NUM NMM NUMMT Nwnbv mmmmmmmmmmmmmmmmmmmmwmmmmmmmmmmmmmmmmmm EXPl0 tR 00^ 05 fa STO (CD€) m s108 words
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Advertisement1221 2007-05-17 27 WAN HAI RSTTERNATIONAL PTE LTD a NO: 146W*****/R v r-A TIL *****5 M (14 LINES) FAX: *****163 V\\|d WAN MAI lINFn S*rvfc*/»ooki»gj Dfr*ct Ik* (1800) *****200 V ll V Ifnll I Iff I klllLJ WIH: *****344 MM FU: (03) *****210 fW I&: (04) *****00 FU (04)*****99 V- J0HIB:|07) *****23 FAX:1,221 words
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Advertisement958 2007-05-17 27 IVISSIL VOY PKi SIN KHI DX» I*l PMM UK KHO KAN TABATA6AII PCLBI9B 19/03 16/03 27/05 30/05 31/09 06/06 06/06 10/06 IRAN BAAA All PC ***** 25/05 26/05 04/06 07/06 06/06 14/06 16/06 16/06 KAN SATTARI PCL62OO 31/03 01/06 10/06 13/06 14/06 20/06 22/06 24/06 IVfSStL VOY SIN NHS 6NO958 words
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Advertisement559 2007-05-17 27 I w ss» WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICO POINTS «sa WW si piuK lamp nam ammio HOWtHU rnwr UM OK —1 wrm flu omt an BJMH BiJUH WJWBWDW 0I1« »MM 30 MM I PJU» I MJW I 10Ml M5O MUM Kl 10 (DMft559 words
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BizIT
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Article, Illustration681 2007-05-17 28 WINSTON CHAI - Complementary operations with its takeover target will boost growth, reports WINSTON CHAI WINSTON CHAI WITH the planned buyout of rival web Methods, Software AG will be able to accelerate an already aggressive regional expansion, thanks to an effective doubling of its workforce and footprint in681 words
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Article, Illustration612 2007-05-17 28 ROLAND LIM - By ROLAND LIM IMAGINE being able to predict. with the help of computers, the kinds of diseases that you could pick up in the next few years. With technology advances in the area of healthcare, that could become the reality, as envisioned by the612 words
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954 2007-05-17 28 JOSEPH LIM - IVR —Now available in 'Warm' and 'Fuzzy' Used intelligently, IVR or interactive voice response can be an extremely useful tool for businesses <you say> By JOSEPH LIM WE have never met, but chances are, I already know this about you: You don't like customer self-service. When you call in to954 words
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359 2007-05-17 28 Reuters [NEW YORK] Microsoft Corp made its broadest challenge to date against open-source software, including Windows rival Linux, claiming that such programs violate 235 Microsoft patents and saying it will seek licence fees. The world's largest software maker said that various open-source packagesReuters - 359 words
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Page 28 Advertisements
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Advertisement287 2007-05-17 28 We invite you to attend the 13th Annual Asia Pacific Semiconductor Roadshow. fl The medium term forecast for the global semiconductor industry is poised for H H continued steady annual revenue growth with a mild cyclical market peak H H| expected in 2008. Longer term, a cyclical market downturn is287 words
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Advertisement13 2007-05-17 28 In '06, Software AG's sales from the Asia-Pac region amounted to 27m euros.13 words
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PROPERTY
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Article, Illustration452 2007-05-17 29 Dubai investment firm in talks to buy US$250m worth of Asian assets Reuters [SINGAPORE] Dubai investment firm Istithmar is in talks to buy Asian property assets worth at least US$25O million and expects its real estate portfolio in the region to double inReuters; AFP - 452 words
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Article, Illustration272 2007-05-17 30 Bloomberg [TOKYO] Tokyo office vacancies will drop by 2009 to half of last year's level as existing buildings are redeveloped. Mori Building Co, Japan's largest private real estate developer, said in a report. Office supply in Tokyo's 23 wards will decline byBloomberg; AFP - 272 words
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450 2007-05-17 30 Move will boost transparency and boost market say analysts Reuters [TOKYO] Japan's property market could become more transparent if the Financial Services Agency decides to monitor private property funds in addition to listed Reits as expected, analysts said yesterday. The country's property market hasReuters - 450 words
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Article, Illustration552 2007-05-17 31 Fund to raise US$100-500m; targets 15-20% rates of return Reuters [HONG KONG] British insurer Prudential is raising a property fund to invest in Vietnam, hoping the firm's reputation for caution will draw investors to the country's opaque, but thriving, market. Prudential Property Investment ManagementReuters; BLOOMBERG - 552 words
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1680 2007-05-17 31 KKSMH- mammamsm- -a PROJECT NAME/ PROP CONTRACT TENURE BIMHNAREA PRICE PS STRETNAME TYPE DATE (SQFT) (S$000) (S$) District 1 NON-LANDED Marina Bay Residences Apt 23/04/2007 99 1 055 1755 1664 People's Parte Cpfo Apt 24/04/2007 99 409 250 611 The1,680 words
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Article, Illustration475 2007-05-17 32 UMA SHANKARI - By UMA SHANKARI MORE Singaporeans are venturing into the London property market despite the sky-high prices, says Benham and Reeves Residential Lettings, a UK company that specialises in renting out properties in the city. There are about a hundred owners here who rent outBLOOMBERG - 475 words
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292 2007-05-17 32 TRENDALE. Tower at Cairnhill Road and Lincoln Lodge, off Newton Road, have been put up for collective sale. For Trendale Tower, the indicative guide price stated by marketing agent Savills Singapore is $160 million, or $2,200 per square foot of potential292 words
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Article525 2007-05-17 32 ARTHUR SIM - This may signal expats, PRs opting to buy instead of rent: Savills By ARTHUR SIM THE number of new residential leases have fallen by 50 per cent in the first quarter of 2007 to 4,493, compared to Q1 2006, posing a bit of525 words
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Page 29 Advertisements
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Advertisement316 2007-05-17 29 Site Area 3560.7 Sqm (38,327 Sqft) I Plot Ratio 2.8 Io K o, ir ir rrm g S Master Plan 2003: Residential up to 36 Storeys |°§|o Sj 2 Minutes to CBD Orchard Rd 1 z S§ < J§§ Walking distance to Toa Payoh Novena MRT |olj J 1 Easy316 words
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Advertisement398 2007-05-17 29 savills i Collective Sale of Trendaiel JV/\\ Trendale Tower TOWer Land Area 2016.8 sq.m. (Approx. 21,709 sq.ft.) /?f Maximum permissable GFA: n«»i—n« A?/ x\ 6,753.2 sq.m.(Approx. 72,691 sqft; s*«w /V F EtolLhVA J 1 Subject to Approval) Tenure: Freehold wh*iock>orchah/<? Located near 2 MRT Stations, Tangs Plaza, ACS etc I398 words
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Page 30 Advertisements
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Advertisement324 2007-05-17 30 FOR SALE BY TENDER HoBHub To#Payoh Residential Redevelopment f 6 Site at Balestier Road, to. voT I fU2£ Hang Tat Garden Land area 2,341.2 sm I (25,200.4 sq ft) /in Rajah ''S/* J Freehold A Sub ct Jm Master Plan 2003 W *op«rty jm RR 2guptQ 36 storeys m 2324 words
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Advertisement29 2007-05-17 30 f C *ijpri--• «Hs*, > v •..»**ijl* *5 -Hl."' j ■•t.^^vUjiCara*;--. aa •*C e; j.'"" v 'X>», L* V,. i*'- >? /«.t *J^^»w«.-^ >4* 4< ?.^*'^s f ;.>' iSfti.' Vw;.* >- V*^ gm29 words
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Page 31 Advertisements
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Advertisement121 2007-05-17 31 Rare 122,350 sf Land Lor M N Telok Kurau (East Coast) i Plot A: approx. 56,641 sf v Plot B: approx. 65,709 sf v Plot C: approx. 9,317 sf Freehold Plot Ratio: 1.4 (Up to 5 store y) v Dual Frontage onto Lor M 6 Lor N co,tt Within 1121 words
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Advertisement408 2007-05-17 32 iiTi!l4 BTTjl iiMiTflirilil'liTJ IB B .A. .^L *tHBf HdiiMABAAMIAMIIIftiMIII^^Erfi^iMHB V A v B WM^WMMB^^^^^^^^B«Ei^B '-vj\ m^^W j§ jHH §TP 1 Jg% IHiliißißiiMißß^^^^^AJr^^' >^L^^^l UJ Bx West rates sbownare those of Minfbond SeriesST^^^Bßßßl^^^® 4 T l| Bnatively, investors can earn 5.10% p.a. for sV«9itf( wttb Mlnmon^MM^J Credit-linked to some of the408 words
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Advertisement119 2007-05-17 32 G Illumes randeur by PrapNcx Qroup Beautiful land 15, OOOsqft PR Choice BIYD 2,034 sqft 3rms Cluny 15,000sqft PR Choke Cuscaden Royale I,399sqft Best view Cornwall 15,OOOsqft PR Choice Nasiim 1,3004,000 sqft Premium Bishopgate 15,000sqft PR Choice Oceanfront 1,711 sqft Resort lifestyle Cable 15,OOOsqft PR Choice St Regis 2,153 sqft119 words
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