The Business Times, 18 May 2007

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Total Pages: 41
1 42 The Business Times
  • 20 1 The Business Times Friday, May 18,200£ online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 StN€^EQBLBS^ts i'li'i --ri—ffim-nrm
    20 words
  • 736 1  -  Legislation must be complemented by efforts to allow businesses to adjust appropriately: govt By CHUANG PECK MING [SINGAPORE] The government has accepted a proposal to introduce legislation within five years to make it easy for workers to be taken on again
    736 words
  • 130 1 Dsn 3,525.51 (+2434) ST INDEX FUTURES 3,526.00 (+24.00) siMsa 433.81 (+3.17) SIMSa FUTURES 433.90 (+2.40) MARKETS Thursday Change KLCOMP 1J59.37 +6.96 NIKKEI 225 17.496.60 -30.40 HANG SENG .20,994.61 _.±5735 SET INDEX 724.37 >2.71 JAKARTA COMP Clowd MANILA COMP 3.417.69 +8-49 SEOUL COMP +14.98 SHENZHEN B 767.72 +20.59 MUMBAIIND
    130 words
  • 727 1  -  Moves seen by new NKF as bid to avoid paying damages By MICHELLE QUAH [SINGAPORE] Just a day after former National Kidney Foundation (NKF) directors Richard Yong and Loo Say San were declared bankrupt, it has emerged that the two men have spent
    727 words
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  • TOP STORIES
    • 462 2  -  But SIA request to fly between KL and secondary airports may be considered By S JAYASANKARAN in Kuala Lumpur THE air route between Singapore and Kuala Lumpur is unlikely to be opened up to all comers before next year's agreed date, Malaysian
      462 words
    • 872 2  -  COMMENTARY Government's next task is to take the message to the public By: SAMUEL EE HERE'S the $90 million question: why is the government spending so much to help race promoter Ong Beng Seng stage a Formula One car race? That's what seems to be
      872 words
    • 400 2  -  53.7% rate matches levels in developed countries By CHUANG PECK MING [SINGAPORE] More than half 53.7 per cent of older Singaporeans looking for jobs were hired last year, an employment rate that matches the levels in developed countries. A booming economy and tight labour
      400 words
    • 515 2 Singapore exports dip 0.4% in April SINGAPORE'S key non-oil domestic export slipped 0.4 in April from a year ago to $13.31 billion, dragged down by a continued decline in electronics shipments and moderation of growth in non-electronic exports. The market had forecast a 7.5 per cent rise. TOP
      515 words
    • 518 4  -  Electronic exports fall year-on-year for third straight month, by 12% By CHUANG PECK MING [SINGAPORE] Just when Singapore's key non-oil domestic exports (NODX) looked like they were on the mend, they unexpectedly dipped again last month. Against market forecast of a
      Source:Bloomberg  -  518 words
    • 587 4  -  Temasek unit now manages US$2b of third-party funds By SIOW LI SEN [SINGAPORE] Temasek's Fullerton Fund Management subsidiary aims to grow its third-party funds under management to US$lO billion by 2010, five times the size of the portfolio now. In a rare interview, Fullerton
      ARTHUR LEE  -  587 words
  • Page 2 Advertisements
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    • 21 2 GOOD GAINS let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email nottees^spfuom.sg.
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 1829 4 Cats Notices BALANCE SHEETS STATEMENTS OF INCOME (BANKING ACCOUNT) (BANKING ACCOUNT) (as of December 31, 2006 and 2005) (for the yean ended December 31, 2006 and 2005) 2006 2005 (In Millions) (in Millions) (In Millions) (In Millions) Korean Won Korean Won Korean Won Korean Won ASSETS Interest income Cash and
      1,829 words
    • 2 4 Hot Ipo
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  • COMPANY NEWS
    • 458 5  -  Gilstead View in Newton area draws top bid of $96m By KALPANA RASHIWALA THE tender for Gilstead View in the Newton area closed yesterday with a top bid of $96 million, which works out to $1,036-1,056 psf per plot ratio inclusive of
      458 words
    • 634 5  -  HOCK LOCK SIEW By CONRAD RAJ A WEEK ago, a friend told a few of us how seven years ago, he had bought some Keppel Corporation shares with plenty of misgivings. He had then paid the princely sum of $2.70 a share ($1.35 in today's terms
      634 words
    • 276 7 Reuters SINGAPORE'S drive to boost its population through immigration will boost the earnings of residential property developer MCL Land for years to come, the firm's finance chief said yesterday. The firm, 77 per cent owned by Hongkong Land, expects demand for its mass- to mid-market condominiums
      Reuters  -  276 words
    • 511 8  -  Connect's offer fair, say PacNet independent directors By ROLAND LIM WHILE the independent directors of Pacific Internet (PacNet) have recommended that its shareholders accept Connect Holding's US$lO per share takeover offer, major shareholder Mediaßing said yesterday that it was still undecided on
      511 words
    • 479 8  -  By OH BOON PING A DAY before Singapore investment company Temasek Holdings' extended offer closes, STATS ChipPAC (Stats) said yesterday that the number of its shares in public hands may have fallen below the mandatory free float of 10 per cent.
      479 words
    • 378 8  -  By OH BOON PING FRONTLINE Technologies, which yesterday reported a 40.5 per cent rise in fullyear net profit, said it is confident of maintaining its double-digit earnings growth for the current financial year. Net earnings for its second half-year ended March 31. 2007,
      378 words
    • 217 8  -  By TETTYANA JASLI BENG Kuang Marine (BKM) has acquired a 51 per cent stake in privately-held environmental firm Water and Environmental Technologies (WET) for about $5.66 million. BKM. a services provider for corrosion prevention, infrastructure engineering and supply and distribution of equipment to
      217 words
    • 551 5  -  Novotel Clarke Quay purchase prices 398-room hotel at $219.8 million By KALPANA RASHIWALA CDL Hospitality Real Estate Investment Trust (CDL HReit) has purchased the Novotel Clarke Quay in a deal that prices the 398-room hotel at $219.8 million or about $552,000 per room. The
      551 words
    • 541 7  -  Panel rules lower culpability for trader; no false market created By NANDE KHIN THE new independent nonboard appeals committee of the Singapore Exchange Ltd (SGX) has upheld a decision made by the exchange's disciplinary committee (DC). The appeal, the first to be heard by
      541 words
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    • 161 5 :,iiS I'-l B 0' #ii,« I J. tudii 11 g MiliS, a!' fell" i WM 9 I H f H 1 I «»3 •J—-' 1 I < „hit m m m 1 iigfll ■fell m Ha At the fringe of the CBD at Robertson Quay, Singapore River orchard road "H
      161 words

  • Page 6 Advertisements
    • 241 6 "Singapore Racing 9uper Weekend Saturday, 19 May Sunday, 20 May ,**s£ C|7y ace down to the Singapore Racecourse at Kranji this weekend for two days of exciting f*V racing action as the Singapore International Racing Festival reaches its climaxi Heart-stopping action includes the $500,000 Lion City Cup on 19 May,
      241 words

  • Page 7 Advertisements
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    • 402 7 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
      402 words

  • Page 8 Advertisements
    • 81 8 STILE devotion to stone and tile created by BUILDERS SHOP W. fIU ■nr- $MP s *Ww ■'"'X ft- gK <&£■& ifcci jjgp i .•<■.• "■'-Jam ■K jBBBMHHBIB^^3?* fv.;i&l,/^vv *>V Is s» j > r |B| |f 1 > 1■• marble travertine limestone onyx granite european tiles SALE.. 80% Till 30
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  • Page 9 Advertisements
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  • SINGAPORE MARKETS
    • 526 10  -  STOCKS Index boosted by late push on Jardine group, banking and property stocks R SIVANITHY Senior Correspondent ANEW record high for Wall Street on Wednesday meant a new record high for the Straits Times Index yesterday, as a late push on the banks,
      Source: Bloomberg  -  526 words
    • Article, Illustration
      918 10 SECURITIES TRADING SCOREBOARD MAM SDQ TOTAL Ua P—m IMdi UP Down Umh Un Down UiKh MultMnd 7 3 7 0 1 0 7 4 7 Manufacturing 80 61 78 11 15 20 91 76 98 Commerce 30 27 19 4 3 10 34 30 29 Tpt/5tor/Comms 19 17 8 2
      918 words
    • Article, Illustration
      914 10  -  Complied by UMA SHANKARI WE WERE expecting record earnings of about $19 million in IQO7, and HLA exceeded that with PATMI of $21.8 million, up 49 per cent year-on-year. HLA achieved 24.5 per cent of our full-year forecast, and this was still the low season for Xinfei As
      Source: Bloomberg  -  914 words
    • 540 10  -  CURRENCIES LARRY WEE Senior Correspondent THE US dollar enjoyed a nice bounce in overnight trading, rebounding as much as half a per cent or more against some currencies. but this continued to make precious little impression on a handful of favourite Asian units. Ahead
      Source: Reuters  -  540 words

  • COMPANY NEWS
    • 302 11  -  Construction of 3G infrastructure, based on TD-SCDMA, in Qingdao By BENITA AW YEONG MAINBOARD-LISTED Ace Achieve Infocom, a leading provider of telecommunications software solutions in China, is collaborating with one of China's major telecommunications operators, China Netcom, for the construction of the 3G
      302 words
    • 430 11 LMA gets nod to sell urology device in US MAINBOARD-LISTED LMA International yesterday announced that it has received the approval from the US Food and Drug Administration to market its urology device LMA StoneBreaker in the US. The device had obtained a CE Mark approval last year for
      430 words
    • 343 11  -  By PAMELA CHEW NOBLE Resources has taken the bull by the horns by becoming the first "diamond bull" sponsor contributing $100,000 to The Bull Run 2007. The Bull Run, in its fourth year, is a charity fun run held in the
      343 words
  • Page 11 Advertisements
    • 16 11 Place your A6M and EGM notices in our newspapers. Call 1800 289 8822 or email noticesfsph.com.sg.
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    • 202 11 "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. To
      202 words

  • SINGAPORE NEWS
    • 351 12  -  By MATTHEW PHAN IT is getting harder to hire managers from other parts of the Asia-Pacific to fill positions in Singapore, as the Republic is "ahead of the curve" in terms of technology and skills, Fiona MacKinnon, regional manager for executive
      351 words
    • 418 12 Reuters GROWTH in Singapore's economy probably slowed in the first quarter and may have fallen short of the government's advance estimate due to sluggish manufacturing activity, a Reuters poll showed yesterday. But a stronger-than-expected service sector notably financial services such
      Reuters  -  418 words
    • 652 15 Official sees more scope for wholesale Islamic banking products as retail market is small Bloomberg [SINGAPORE] Singapore's central bank said it prefers that the island's private lenders and wealth-man-agement companies create products that comply with islamic principles, freeing it to build an environment where
      Bloomberg  -  652 words
    • 205 15 INTERCONTINENTAL Hotels Group (IHG) Asia Pacific chief executive A Patrick Imbardelli has been named "Hotelier of the Year 2006" at the 10th Asia Pacific Hotel Investment Conference, organised and hosted by Jones Lang LaSalle Hotels. Mr Imbardelli, who has more than 24 years' experience in the
      205 words
    • 345 15  -  By LIN ZHAOWEI NOMINATIONS for the Sixth Entrepreneur of the Year (EOY) Awards, launched yesterday by Ernst Young, are now open. The awards aim to honour entrepreneurs whose ingenuity and perseverance created and sustained successful, growing business ventures. However, unlike previous years, where finalists are
      ARTHUR LEE  -  345 words
    • 389 12  -  In South-east Asia, only Thai firms are more connected to the Web By PAMELA CHEW SINGAPORE'S small and medium-sized businesses SMEs are more likely to have an Internet presence than any of their counterparts in the region except for Thailand, a new report shows.
      389 words
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  • Page 13 Advertisements
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  • Page 14 Advertisements
    • 797 14 n-'wwwm'pi- ERNST YOUNG ENTREPRENEUR /JT V%\ OF THE YEAR* frd ff leur j accolade awards since 2002 as part ofIVBI I B|lp^ |JKcoon Wee to 1 I ftMHF 'JBp\ iA Hr .^JB first Ernst but this the first fSgjjmt K WM*™ent jQbts in the local "We salute our pioneers who
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  • Page 15 Advertisements
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  • ECONOMY WATCH
    • 470 16 Bloomberg. Reuters [BEIJING] China's growth in spending on factories and real estate held above last year's pace in the first four months of this year, underscoring the central bank's failure to slow the economy after three interest rate increases. Fixed asset investment
      Bloomberg.; Reuters; AP  -  470 words
    • 230 16 -Reuters [PARIS] The Organisation for Economic Cooperation and Development (OECD) invited five countries on Wednesday to begin membership talks, a move towards the biggest expansion of the group in years. The five countries are Russia, Chile, Estonia, Slovenia and Israel. At the same
      -Reuters  -  230 words
    • 475 16 Delhi encouraged by talks between 4 key WTO members —Reuters [PARIS] As trade powers prepared a new push for a breakthrough in the longdelayed negotiations, India and the United States said on Wednesday that progress is being made towards a global trade
      —Reuters  -  475 words
    • 2414 16 vol Wy1f KM W- C666> ASM Realty 2.36 0.11 7 AbncBhd 030 uncti 46 Advance Synergy 334 0.01 8079 AdventaBhd 1.23 unch 319 AeMuIti Hldgs 032 -04)1 25 Affin Holdings 230 0.05 4406 Ahmad ZakiRasou..— .2 90 -0.02 224 AicCorp 039 unch 60 Airasia6hd 234 -0.01 8631 Akn
      2,414 words
    • 467 16 Blueprint represents broad alternative to Bush's agenda NYT [WASHINGTON] House and Senate Democratic leaders reached an agreement on Wednesday on a US$2.9 trillion budget for 2008 that envisions a return to budget surpluses by 2012 and assumes that some of President George
      NYT  -  467 words
  • Page 16 Advertisements
    • 79 16 Mst tAJ^M f--, t--: ll^^^HDCw^HHrQQMnjfflffl I H| f A?^Bt ».'Jjm/fr gFggwaBSBBWw *r w^JHrcJV/*. yf /f >f We are honoured to Invite the artist Xawut ~J w Hh" »'o"h first 3 days of the exhibition. THE HOUSE OF PAINTINGS JAKARTA SINGAPORE BEIJING Botanic* jl QfdW "TtengHn QtonOHQlOl!! Pq^| 15 Dempsey Road
      79 words

  • MALAYSIA
    • 350 17 Bernama [KUALA LUMPUR] The Iskandar Regional Development Authority (IRDA) is the sole decision-making body on all issues pertaining to both domestic and foreign investments flowing into the Iskandar Development Region (IDR), Johor Menteri Besar Abdul Ghani Othman said yesterday. "Be they local or foreign
      Bernama  -  350 words
    • 338 17 Newcyc says 43-km link will be built with private money -NYT [JOHANNESBURG] A Malaysian investor pledged on Wednesday to link central Johannesburg to its famous suburb, Soweto, via a 43km, US$l.7 billion monorail to be built and operated with private money. The
      -NYT  -  338 words
    • 274 17 AFP [KUALA LUMPUR] Outspoken former Malaysian prime minister Mahathir Mohamad suffered a heart attack before he was hospitalised earlier in the week, doctors said yesterday. The 81-year-old was taken in after having breathing difficulties and the National Heart Institute, where the former premier is
      AFP  -  274 words
    • 315 17 Hands-on experience in Pearl River Delta expected to stand it in good stead Bernama [KUALA LUMPUR] Hong Kong investors can contribute towards the future development of the Iskandar Development Region (IDR) in Johor because of their experience in dealing with hinterland development
      Bernama; AP  -  315 words
  • Page 17 Advertisements
    • 1782 17 Deutsche Bank EZj (Incorporated in Germany) Group Balance Sheet Group Income Statement in m. (except nominal value) in m., except per share data 2006 2005 Assets 31.12.2006 31.12.2005 Net interest revenues: Cash and due from banks 7.009 6,571 Interest revenues 65,217 41.706 Interest-earning deposits with banks 19.470 11.963 m„ intereet
      1,782 words

  • Page 18 Advertisements
    • 1564 18 Bl .j-g 4 I J HH Managing u/ealth for gou, with gou. I My HANG SENG BANK I BBBj (Incorporated in Hong Kong SAR with limited liability) fl Publication pursuant to Section 25(2) of the Banking Act I CONSOLIDATED INCOME STATEMENT CONSOLIDATED BALANCE SHEET I for the year ended 31
      1,564 words
    • 950 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AUGUST CAPITAL PTE. LTD. COMPANY NO: 199A*****R (IN VOLUNTARY UOUIDATION) FINAL MEETING NOTICE it hereby given pursuant to Section 308 of the Companies Ad, Cap. 50 that a Final General Meeting of the Members of the
      950 words
    • 254 18 In the Matter of The Companies Ad, C0p.50 And In the Matter of FED INDOMOTOR FUNDS 1 PTE. LTD. (In Members' Voluntary liquidation) (Co. Reg. No. *****8179K) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of
      254 words

  • GREATER CHINA
    • 340 19 Volatility in China market may affect HK bourse, he says -AFP [HONG KONG] Hong Kong tycoon Li Ka-shing yesterday warned that investors should be cautious in trading on China's stock markets, saying he is "worried" over high share prices
      -AFP; AP  -  340 words
    • 266 19 Reuters [SHANGHAI] China may set restrictions for domestic stock offers by Chinese firms incorporated abroad so-called "red chips" including a requirement of at least one billion yuan (Ss2oo million) in annual net profit, the official Securities Times said yesterday. Red-chip firms incorporated
      Reuters  -  266 words
    • 574 19  -  Secondary board sees low turnover, attracts no new listings this year By JANE MOIR in Hong Kong HONG Kong's stock exchange is planning a revamp of its poorly performing secondary bourse, which has been dogged by scandal. The Growth Enterprise Market (GEM), which began
      574 words
  • Page 19 Advertisements
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  • India
    • 644 20 They are now doing high-value work like market research and patent filing Reuters [CHENNAI] In an office in the southern port city of Chennai, Indian analysts pore over stock market data for a London-based fund company, searching for investment opportunities. Some 1,900 km
      Reuters; AP  -  644 words
    • 6910 20 UNIT TRUSTS FUNDS AM Amro A*eat Mgt (S'pora) Star Eurafie €qty'**.— 1.126/ Sar Europe Bond 1.184/ Star Europe M 1.268/ Star Asian Tiger Eqty 1.4191 Star Asia Bond -132* Star Asa Balanod 1.116/ Set Global Technology Fund!" 0221 Mult St Fd 0.977/ Star Asia Bond(USD) 0.877/ Ob Mum st uso
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  • Page 20 Advertisements
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  • MIDDLE EAST
    • 498 21 Move seen as sign of its growing ties with America's regional foe Reuters, AP [BAGHDAD] Iraq has invited Iranian firms to bid for contracts to build at least four oil refineries across the country, Iraq's oil ministry said on Wednesday in
      Reuters,; AP  -  498 words
    • 431 21 AFP [WASHINGTON] The United States and the United Arab Emirates backed a new bilateral business coalition on Wednesday as US firms seek openings in the desert country which has become America's biggest trading partner in the Middle East. American government officials and
      AFP  -  431 words
    • 408 21 -Reuters [DUBAI] Volume of gold demand in Saudi Arabia rose 6.9 per cent to 26 tonnes in the first quarter of this year, as consumers became accustomed to higher prices and the stock market euphoria cooled off, a
      -Reuters  -  408 words
  • Page 21 Advertisements
    • 2095 21 BARCLAYS Head Office: 1 Churchill Place, London El 4 SHP UK. Registered in England. Registered No: *****. Singapore Office: Level 28 One Raffles Quay South Tower Singapore *****3. Tel: 6308 3000 The following is an extract from the 2006 financial statements and Annual Reports of Barclays PLC and Barclays Bank
      2,095 words


  • ASIA-PACIFIC/WORLD
    • 684 24  -  Fall in corporate capital expenditure slows down Q1 GDP growth to 0.6% By ANTHONY ROWLEY in Tokyo The Bank of Japan held off raising interest rates yesterday after official data showed that growth in Japan's economy slowed sharply in the first quarter
      AFP  -  684 words
    • 457 24 LATEST US DATA —Bloomberg [WASHINGTON] A measure of the US economy's future course unexpectedly fell in April, the third decline in four months, dragged down by slumping home construction. The Conference Board's index of leading economic indicators decreased 0.5 per cent after a 0.6 per
      —Bloomberg  -  457 words
    • 371 24 -Reuters [WASHINGTON] World Bank president Paul Wolfowitz refused on Wednesday to bow to heavy European pressure to resign as he sought to clear his name in negotiations with the bank's board over a possible exit strategy. "Mr Wolfowitz will not resign under
      -Reuters  -  371 words
    • 300 24 -Reuters, Xinhua [HANOI] Vietnam's finance ministry plans to impose a personal income tax on earnings from share trading following the fast expansion of the stock market, a minister was quoted on Wednesday as saying. Deputy Finance Minister Truong Chi Trung said a draft
      -Reuters,; Xinhua  -  300 words
    • 524 24 -Reuters [LONDON] Sure of becoming prime minister after long years of waiting, Gordon Brown smiles much more now. Mr Brown was assured on Wednesday of becoming Britain's next leader without a vote after his only rival for the party leadership conceded defeat. The
      -Reuters  -  524 words
  • Page 24 Advertisements
    • 49 24 A sizzling hot offer awaits v N > Indulge in the traditional festive favourite bak kwa, or barbecued pork, at a 40% discount! Only at Fragrance at The Centrepoint For more details, get your copy of The Business Times Weekend tomorrow. IKE BUSHESS TIMES Organised by: Managed by: Cwinptn wasasaw.
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  • World
    • 607 25 Cities, banks, companies, groups to work with Clinton Foundation NYT [NEW YORK] A coalition of 16 of the world's biggest cities, five banks, one former president, companies and groups that modernise ageing buildings on Wednesday pledged to invest billions of dollars to cut urban
      NYT  -  607 words
    • 390 25 -Reuters [MOUNTAIN VIEW, California] Google is combining its different web search services into one Universal Search service that would present websites, news, video and other results on one page. Speaking to reporters at the company's Googleplex headquarters, Marissa Mayer, vice-president of search and
      -Reuters  -  390 words
    • 82 25 AFP It's the Claridges Hotel in London, no less, and three canine friends are sitting down to tea. Dexter, a Brindle Staffordshire Terrier. Ross, a Hungarian Vizla. and Princess, a Jack Russell cross, are helping out at the launch of the Blue Cross "Britain's Biggest
      AFP  -  82 words
    • 549 25 Bloomberg [NEW YORK] Federal Reserve chairman Ben S Bernanke said regulators must use insider-trading laws to prevent abuses in the expanding market for creditdefault swaps and other derivatives. "US securities laws against insider trading and market manipulation apply broadly to all financial institutions, including hedge
      Bloomberg  -  549 words
    • 150 25 -Bloomberg [NEW YORK] Republican presidential candidate Rudy Giuliani earned US$l7 million last year from speeches, his law and consulting firms and book royalties, according to his financial disclosure form. Mr Giuliani, 62, a former New York mayor who has led in polls
      -Bloomberg  -  150 words
    • 211 25 -Reuters [WASHINGTON] A major US labour group wants market regulators to force changes to an initial stock offering by Blackstone Group, one of the first major US private equity firms to go public. The US$4 billion Blackstone initial public offering has been
      -Reuters  -  211 words
    • 393 25 -Bloomberg [NEW YORK] Elad Group, the owner of New York's Plaza Hotel, will develop a US$5 billion luxury property on the Las Vegas Strip. The company bought the 34.5-acre site for US$l.2 billion and plans to replace the New Frontier
      -Bloomberg  -  393 words
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  • AVIATION
    • 688 26  -  It seeks tie-up with a budget carrier group to quickly expand its network By VEN SREENIVASAN [SINGAPORE] Having turned itself around following last year's restructuring and now headed for profitability, Qantas' Singaporebased low-cost unit Jetstar Asia is seeking an alliance with a regional budget
      FILE PHOTO  -  688 words
    • 330 26  -  But economy class traffic growing faster: IATA By VEN SREENIVASAN [SINGAPORE] Global premium traffic growth recovered strongly in March, following February's dip, though it remains below the level of growth in economy class traffic, according to International Air Transport Association (lATA). "The recovery in
      330 words
    • 2342 26 OTT HUNT IT* FU6MT tTP AboDbabi 5Q455 1230 Adelaide LH9771 1750 LH9770 2345 SQ268 1750 5Q269 2345 Ahmadabad S0531 0740 Amtardam L***** 0630 AZ3993 2245 SQ323 0630 KL838 2245 AZ3992 1555 L***** 2345 KL837 1555 SQ324 2345 Athans 5Q348 0100 Atlanta AC5202 2335 AC5203 0645 UA895
      2,342 words
    • 473 26 Reuters [SYDNEY] A consortium that made a failed Asll billion (5513.9 billion) bid for Australia's Qantas Airways Ltd yesterday said it would not launch a fresh offer, denting the airline's share price. The Airline Partners Australia (APA) consortium, which included Macquarie
      Reuters; AP  -  473 words
    • 211 26 -AFP [KUALA LUMPUR] Malaysia said yesterday that it is prepared to hold talks with India in a bid to resolve an air dispute over flights to Malaysia by Indian carriers. Reports had said that the Indian civil aviation authority has warned of a
      -AFP  -  211 words
    • 394 26 Bloomberg [DUBLIN] Ryanair Holdings pic, Europe's largest low-cost airline, said average fares may fall by as much as 10 per cent in June after the carrier offered one million free seats. The shares dropped to a four-month low. "The offer
      — Bloomberg  -  394 words
    • 217 26 AFP [BANGKOK] Thailand's top budget carrier Thai Air Asia said yesterday that its passengers numbers will jump 40 per cent this year, with more travellers switching to low-cost airlines as the economy slows. Thai Air Asia expects passenger numbers to reach 4.2
      AFP  -  217 words

  • SHIPPING
    • 629 27 Littoral Combat Ship can be used against terrorist, pirate vessels AFP {SINGAPORE] US firm Lockheed Martin yesterday said some Asian countries had expressed serious interest in the defence contractor's new class of warship, which can be used against terrorist and pirate vessels. The company
      AFP  -  629 words
    • 256 27 -AFP [SHANGHAI] China's Shanghai Port overtook Hong Kong to become the world's second-largest container port in the first quarter as the number of containers handled rose 28.1 per cent year on year during the period, state media said yesterday.
      -AFP; FILE PHOTO  -  256 words
    • 208 27 Bloomberg [SINGAPORE] The cost of shipping coal, iron ore and other dry-bulk commodities fell from a record after congestion eased at Australia's Newcastle, the world's largest coal export port. The Baltic Dry Index, a measure of commodity-ship-ping costs on different routes
      Bloomberg  -  208 words
    • 746 27  -  STRAIT TALK By SELVA KUMAR AN AUSTRALIAN court last month ruled in favour of a Malaysian shipowner whose vessel was badly damaged when one of the two tug boats helping the vessel to berth collided with it following a steering control failure on the tug.
      746 words
    • 256 27 AFP [KUALA LUMPUR] Pirates who hijacked two South Korean fishing vessels with 24 crew members aboard have sailed the ships to a village on the coast of Somalia, a maritime watchdog said yesterday. "All the crew members are safe," said Noel Choong, the
      AFP  -  256 words
  • Page 27 Advertisements
    • 1192 27 WAT 3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SCLL IT FIND IT The new issued shares will be allocated: (i) to one or several investors) (in each case, to third party(ies) who is/are not affiliated with the Company) through private placement, and/or (ii) to be used in the Company's
      1,192 words

  • EDITORIAL & OPINION
    • 515 28 EDITORIAL THIS week saw Temasek Holdings come through handsomely on a promise it made in 2003 to "set aside funds for the wider community for every year that it delivers returns above its cost of capital". A host of worthy causes can now look forward to
      515 words
    • 1015 28  -  Private-equity investors are seeking to spend US$33 billion they raised last year to buy companies in developing countries By ALEXANDER RAGIR Bloomberg AS IF emerging-market stocks needed another boost: Buyouts and takeover speculation are pushing up shares from Taiwan to South Africa. Private-equity investors are
      – Bloomberg; REUTERS  -  1,015 words
    • 841 28  - The Wolfowitz Touch —or how to lose US credibility THE BOTTOM LINE LEON HADAR Washington Correspondent ONE of the maxims that you learn in Politics 101 is that exerting leadership doesn't require the use of coercion and force, and that in fact the most successful politicians and statesmen are those
      841 words
    • 875 29  -  Opt for a mixed society and not for a libertarian, laissez-faire, market-only civilisation PAUL SAMUELSON Tribune Media Services IN 1000 AD, Western Europe and China enjoyed about the same per capita standards of living. However, nothing stays the same. For reasons we shall never know, thereafter
      — Tribune Media Services; BLOOMBERG  -  875 words
    • 282 29  -  Malathi Das (Ms) Vice-president The Law Society of Singapore I REFER to your article. "ACL slams Law Society for opposing member" (BT. May 12). The Law Society appeared before the court in the case of Re Shankar Alan s/o
      282 words
    • 724 29  -  ANDY MUKHERJEE Bloomberg THE humble municipal bond may offer India a "huge" window of opportunity to help clean up the ailing infrastructure of the country's vast urban landscape, says Fitch Ratings. Already, some 285 million Indians live in 4,000 towns and
      Bloomberg  -  724 words
    • 482 29  -  LETTERS TO THE EDITOR James Chan I WOULD like to question the structure of the Singapore Formula One deal. As I understand it, Ong Beng Seng has incorporated a company, Singapore GP Pte Ltd, which will have
      482 words


  • 11344 30 SGX MAINBOARD Transaction date: May 17 52 Wk Td Last Vol Day Last Quote Drv GfVtd Mat MCac High Loo Cod« Company Salt <7- COOP) High Low hg Sa»at Cvr P/I W 35 2 5716 1st Software J susp 11 15 6 3148 STelecom 13.5 <1 2942 13
    11,344 words
  • Page 30 Advertisements
    • 176 30 Not been making the most of the markets? Then it's time to trade CFDs with City Index Asia. Trade multiple markets from Trade long or short on live market one account prices Manage your risk with stop losses and Trade stocks, ETFi and indices from other order types CFD» offer
      176 words

  • 7727 31 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr dy yr dy Syr May 16 Index Change Change Change Change Change Change World Index Preliminary 1171.7 0.1 6.5 0.2 6.5 0.0 7.4 »EAFE Preliminary 1178.9 -0.1 6.4 -0.1 7.0 -0.4 8.0 Europe Preliminary
    7,727 words

  • Page 32 Advertisements
    • 1554 32 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NIPHA NAREE RDM/ATW/BMN/TLB/NAN AURORA SAPPHIRE CAM/NFK/NOl/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination Destination PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN PAN BRIGHT JDH/BJA Loads Singopore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia _J OTHER SERVICES Tramping
      1,554 words
    • 629 32 [tNTCRAHA RORO SERVICE vßsa/vor jjgffi hbghtq» kg roj 10 s* *t sruns antes 10 30 4.0 13/05 17/05 70/05 22/05 [AUSTRALIAN ROUP SERVICE 1 vissa/voY ramped mmm _jg g syd m DCESOEN /M 3 100 SH 21-21/04 05-05/05 07-07/05 0910/05 12-12/05 14-14/05 POSITIVE UADR/010 100 5.0 12-12/05 26-24/05 21-21/05 30-31/05
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  • Page 33 Advertisements
    • 1694 33 WAN HAI INTERNATIONAL PTE LID a Nft **********0/R V TIL *****588 (14 UNES) FAX: *****163 v\\M\WAN HAI lINFs V V WW Mil nttl UIILJ NIH: (03) IMMW FU: IU SM2SM NN M: 104) 22tSW0 ML MBtMN JOH 1H: |D 7) 2SIW2IF/UL (07)2511*31 SUI10: (031) BtS47S MX: VSI) JW2714/ S2tlJtS wanhni
      1,694 words
    • 1385 33 |-jr\ EASTERN CAR LINER, LTD |f 1 I SPECIALIZE IW ROUP HEAVY UTT UfTO 450 TONS 1 ■ymamJBMMMIM VOT «—dim itfthwncn sin m rm jkt wu lo COm HEW 77 50 M jm VM ESTHELLA ETEtWA 143 60 W/OS 31/05 OCEAN BLUE 175 50 li/ST 02.06 it a K w
      1,385 words
    • 728 33 m s®as&* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS csa I WT I a I nmt I coiomo ushba |cxmiio~ HWii mm UM_ UIMT ttM aMI BM BmwA ffwios »mh am gn BMI NM MWBMOH Oil* HMT 30 NAT WJW MAM 10 Ml ALSO
      728 words

  • The business times Shipping times
    • 6914 34 v<_ ETA ETA ArfwtMr VmmI Voyag* Tatophone SIN Daifn Nmm Nmm Nunifoif Wianhif To ABIDJAN (ABJ) 2003 Cote O'lvoire 30/05 02/07 Detmas DELMAS UBREVILLE 722W *****344 30/06 10/07 Detmas D€LMAS LIBREVILLE 722W *****344 06/06 09/07 Detmas FLORA DEL MAS 723W *****344 06/06 15/07 Detmas
      6,914 words
  • Page 34 Advertisements
    • 447 34 IRISL, Qih® Ikju&ssQ 3uo Qfo® (M\lksk&Bs Sosik (a&s^pQa omiifaSimsjifa&sl @®i?g)6> ©oa Q(h(?&!Jgj)lh MM (few Q® tofax®/ (pGriffiQs to flu®® os W&3l] ®3 Q® (§o3o§o G&ymtftTtfas 3JO 9(h® (ki&fosQ Qvsimft) OdiMm> SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE: AGENT IN MALAYSIA: AGENT IN INDONESIA: IRttLßltlA PTE LTD SINOSE MARITIME PTE LTD BOUSTEAD
      447 words
    • 421 34 rnrmrnro «H1 A ftn I«*— -ffihmr ft Ik «b--™==m==S==E= -^B==#==fl= wiwwi I mm t iB/8* I nyw —l lngram 11 TbibTTPSB BaMijaß la Tim 2iZBi_ ffigflff?*' Bui lifli iflt wffi ISWtt»»QNTAJ<C^^IIOSI24/*****/os_l-^l^j£glg^^^g^y**l'V"l'V'*l'y'»l Vtssa VOT SM WW CUPAN6 CHTTASOM6 P.G«ta( In W in Ma* Vwwl g m ~ar I td I g
      421 words
    • 306 34 rife SUMY NAVIGATION GRQUpI (swa wo) I I OWNS ft OPCRATES THE YOUNGEST FLEET j WITH TWELVE 7,000 DWT TWEEN DECKERS COVtkINO g I THE ENTIRE ASIA PACIFIC PORTS I UOUUUt WtfKLY SIRVKIS: g IKAOHSHINO ft CHINESE PORTS, HONG KONG TO A FROM I SOUTHEAST ASIA sMGtfOM :HurwooMSHmNetS)ma> 14 ROOMSONIOAO,
      306 words


  • executive lifestyle
    • 1780 36  -  Those entering the booming F&B scene now have clear business plans and both feet firmly on the ground, reports GEOFFREY EU GEOFFREY EU DESPITE the oft-said truism that at least seven out of 10 new restaurants are destined to fail, there is no shortage of people
      YEN MENG JIIN; Arthur Lee  -  1,780 words
  • Page 36 Advertisements
    • 128 36 Hong Kongers party to a different beat PAGE 40 I I iifll More Amazing Grazing w II Singapore's roost stylish and beautiful Sunday Branch Just keeps getting better. Discover why It's the only place to be J_ U I J B rJTT I for brunch... and discover a) fresco adventures
      128 words

  • ARTS
    • 611 37  - Cheaper than F1 and lots more fun off the cuff jaime ee AHOY there, mateys! Shiver me timbers, this is Captain Hector Barbossa, former captain of The Black Pearl, formerly seen in Pirates of the Caribbean, and I would, how you say, like to offer you a little proposition. You
      611 words
    • 765 37  -  251, Pain and Off Centre are among Esplanade's interesting seasonal offerings, says PARVATHINAYAR PARVATHI NAYAR THE Esplanade's ongoing April/May Theatre Studio Season promised to be about "the contemporary and the exploratory", words which suggested that the viewer would be taking chances, in the best sense
      765 words
    • 619 37  -  By CHRISTOPHER LIM ART mirrors life. Puppetry, however, mirrors life by mimicking life's forms. Puppets, though a step removed from live human actors, seem, in their universality. to have a unique light to throw on the human drama. Audiences here showed their
      619 words
    • 532 37  -  By CHRISTOPHER LIM FIVE local artists and designers are getting some well-deserved publicity at eclectic lifestyle shop-cum-cafe Clique on the fourth floor of The Cathay. On now till May 31. original works such as drawings, sculptures, lampshades and swimwear are showcased there for sale. One
      532 words

  • WOMEN ON TOP
    • 1932 38 Sitting on top of the corporate ladder in the property industry, CBRE MD Pauline Goh tells ARTHUR SIM she derives much of her strength from 'a large family' PAULINE Goh is one of the most powerful women in the real estate industry here. Together with
      YEN MENG JIIN  -  1,932 words
  • Page 38 Advertisements
    • 86 38 /)cuu/i//r>s/ BLACK lUXURY COll ICIION i Black in Style. Re-defining Luxury Bedding. k ar .I r i SIMMONS GALLERY Great Wo.ld C.ty #02 04 Tel 6733 I 366 IMM Bi.itdmcj L3-22A Tel 6565 83 11 Mci.ma Square #03 341 Tel 6339 7966 Paraxon #04 06 Tel 6734 0660 SIMMONS BETTFRSLEEP"
      86 words
    • 11 38 This four-part series on top women achievers brought to you by
      11 words

  • CINEMA/MUSIC
    • 533 39  -  'Next' is enjoyable enough as escapist fare but it might offend sci-fi fans, says PARVATHI NAYAR PARVATHI NAYAR THERE are many inexplicable things about Next such as Nicholas Cage's totally weird hairstyle, which works as an excellent homage to Tom Hanks' hairdo in The Da
      533 words
    • 537 39  -  By GEOFFREY EU THE last time we checked in on Will Ferrell in Talladega Nights: The Ballard of Ricky Bobby he was deep in character as a redneck racecar driver whose motor skills didn't have much chance of catching up to his motor mouth. In his new movie
      537 words
    • 707 39 Reviews by BEN MUNROE The Boy With No Name Travis Sony/lndependiente Rating: B- TEN years and five albums since they first hit the scene with 1997's Good Feeling. the Glasgow four-piece who paved the way for the current rulers of Indie rock such as Snow Patrol
      707 words
    • 264 39  -  DVD By PARVATHI NAYAR DEJA Vu is a film that works better the second time around, and that's not only because that statement makes for such a satisfying pun. The point is, many things about Deja Vu are irritating: the hokey physics, the
      264 words
  • Page 39 Advertisements
    • 1124 39 X f Registered Office: Amstelveenseweg 500 I "W J 1081 KL Amsterdam JL JL M cmilfraflrSfc/ The Netherlands CONSOUDATED BALANCE SHEET OF ING BANK AS CONSOLIDATED PROFIT AND LOSS ACCOUNT OF AT 31 DECEMBER ING BANK FOR THE YEARS ENDED 31 DECEMBER BEFORE PROFIT APPROPRIATION 2006 2005 (in millions of
      1,124 words

  • PURSUITS
    • 836 40  -  They dress to impress and spend more on drinks, writes MELISSA LWEE NIGHT OUT MELISSA LWEE WHEN Karen Ng parties, she likes to do it in style and to her. there is no better place to do so than in Hong Kong. The
      836 words
    • 281 40 DragovM Address: UG/F, The Centrium, 50 Wyndham Street Central, HK Tel: 852 3110 122 One of Hong Kong's, most hyped about bars, it is best known for being the place where Real Madrid partied during its summer tour. Drop Address: Basement On Lok Mansion,
      281 words
    • 791 40  -  FOOD By JAIME EE CHEF Sam Leong is one busy man. When he's not fronting the Tung Lok group as director of kitchens he's in charge of not only the Singapore operations but the overseas branches of My Humble House in Beijing, Shanghai, Tokyo and New Delhi
      791 words
    • 1094 40  -  WINE By N K YONG WINE is a beverage no more, no less. There is no mystique about it. Drinking wine or owning wines does not carry with it any special status. It is an object just tike a car. A car is a means
      1,094 words
  • Page 40 Miscellaneous
    • 196 40 CRYPTIC CROSSWORD 12 Computer component with by again (4) 2 Plant a malcontent in the emely sma P e,ime,er YESTERDAY S SOLUTION House of Lords (8) 14 Finishes up at the highest Across: 7 Remainder, 8 Sewer, 10 3 Gymnastic Samuel strums place in the ship (5) Holiness, 11 Locker,
      196 words

  • Page 41 Advertisements
    • 1792 41 >AT^ NOTICFS 1 Jl 1. i- L-J Toll free: 1800-289-8822 Email: noticesnsph.com.sg j QFR Skandinaviska Enskilda Banken I mm Head Office: Kungstradgeirdsgatan 8, Stockholm, Sweden I BALANCE SHEETS INCOME STATEMENTS I 31 December SEB Group SEB Group 2006 2005 2006 2005 SEKm SEKm SEKm SEKm 1 Cash and cash balances
      1,792 words
    • 328 41 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DIGI BUILDER PTE LTD (IN LIQUIDATION) Co. Rag No. *****0443 N NOTICE OF MEETING TAKE NOTICE that a meeting of the creditors of the abovenamed Company will be held as follows Date :25th May 2007 Time
      328 words
    • 399 41 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HEXA-HAMMER TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****1323 D NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the
      399 words
    • 388 41 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MUCH CHEMICAL PTE LTD Company Registration No. *****2454R (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Members of the abovenamed company, duly convened and held at Block 148 Hougang St.
      388 words
    • 1664 41 Financial Report 2006 Consolidated Balance Shoot at 31 December 2006 Consolidated Income Statement 2006 CHfmMon 2806 2005 CHFmiHon MM 2005 2004 Aaeata Continuing Operation Cash and balances with central sanks 3,4*5 5,359 Interest income 17,401 59,286 39,228 Due from banks 50,426 33.644 Interest expense (SO M 0) 49,758) (27,484) Cash
      1,664 words
    • 360 41 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF HIANG KIE PTE LTD (IN LIQUIDATION) (Company Registration No. *****0083R) (Companies Winding Up No. 153 of 2004/ L) NOTICE TO CREDITORS OF MEETING (Under the Order of
      360 words
    • 687 41 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ART CITY DESIGN ENTERPRISE PTE LTD (Co. Rag. No. *****0453H) NOTICE OF RESOLUTIONS At on Extraordinary General Meeting of Art City Design Enterprise Pie lid duly convened and held at 5 Shenton Way #07-01 UIC Building
      687 words

  • Page 42 Advertisements
    • 81 42 m J t M fmk PH. I ilHi 1 Iffl LAUNCHING SOON t* T w City Developments Limited I Developer: City Developments Limited (Co Regn No *****0316Z) Tenure of Land: Estate in Fee Simple (Freehold) Lot No.: Lots 685P, 691K, 692N 1994 L TS 24 at Grange Road Developer Licen*
      81 words