The Business Times, 21 May 2007

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 THE BUISNESS TIMES Monday, May 21,2007 'online at http://business-tfmesasial .com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Sl^POREBscen^
    19 words
  • Article, Illustration
    Lock icon Firms showing Q1 profit rise at record high
    586 1  -  But latest BT-UniSIM Business Climate survey suggests expansion levels may be peaking By DANIEL BUENAS [SINGAPORE] Singapore's strong economic growth has continued to spur record profits for firms here, with more reporting higher profits in the first quarter of this year than
    Source: BT-UniSM Business Climate Survey  -  586 words
  • Article
    Lock icon MARKETS DIGEST
    33 1 BT ONLINE BT print subscribers get free access to the Business Times Online. To activate your account, log on to http-7/business-times. asial .com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
    33 words
  • Article
    Lock icon Singapore leads Asian FDI in Japan
    702 1  -  Republic's direct investment up nearly 80% in 2006 By ANTHONY ROWLEY in Tokyo SINGAPORE'S foreign direct investment in Japan passed the US$l billion mark for the first time last year, putting Singapore well ahead of other Asian countries in terms of annual flows. With
    702 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon S'pore-IDR tie-up could yield long-term gains
      836 2  -  BT-IPS ECONOMIC ROUNDTABLE But World Bank economist points to issues that need to be addressed By ANNA TEO [SINGAPORE] An urban growth region comprising Singapore and southern Johor has no obvious economic downside, and the potential longer-term gains are substantial, according to a World
      836 words
    • Article
      Lock icon Local firms outperform foreign rivals
      607 2  -  By DANIEL BUENAS [SINGAPORE] Local companies outperformed their foreign counterparts in sales, profits and orders in the first quarter of 2007, and they are also more upbeat over the next six months, a survey has shown. And, while China is the No 1 new country
      607 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      574 2 S'pore among drug firms' key target bases SINGAPORE is listed along with China and India as the top target countries to which multinational drug companies are looking to expand their operations. These pharmaceutical companies are eyeing Asia for growth, some via greenfield projects and others, acquisitions, according to
      574 words
    • Article
      Lock icon S'pore among drug firms' key target bases
      656 4  -  PwC study says Republic set to become a leading country in Asian pharmaceutical space By CHEN HUIFEN SINGAPORE looms large on the radar screens of pharmaceutical companies eyeing Asia for their expansion plans, according to a study by PricewaterhouseCoopers (PwC). In a report
      656 words
    • Article, Illustration
      Lock icon M&A tide boosts US stocks, but analysts voice concerns
      899 4  -  WALL STREET INSIGHT By ANDREW MARKS in New York WITH the Dow Jones Industrials pushing yet further into record territory and the S&P 500 nearing its own record level, US stocks have been on a tremendous run, one that has some
      AP  -  899 words
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      423 2 «|HHi AMERICAN EXPRESS BANK la whoay owned »»tniifcr» of American Express Company) International Headquarters: American Express Tower, World Financial Center, New York NY *****-2300. Singapore Branch: 16 Collyer Quay, Singapore *****8 Telephone: *****833 Telex: R*****2 Cable Address: AMEXBANK SINGAPORE REPORT OF INDEPENDENT AUDITORS To the Board of Directors and Shareholder
      423 words
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      467 2 CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31,2006 CONSOLIDATED BALANCE SHEETS December 31. (USD Millions, except share data) 2006 2005 Assets Cash and due from banli;s S 189 643 Interest-earning deposits with banks 2,905 772 Federal funds sold and securities purchased under 541 822 resale agreements Trading assets 604 564 Available-for-Sale
      467 words
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      7 2 people Our résumé includes Fortune 500 companies
      7 words
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      180 3 w^ I f *cl t B 9 rcl j lif* tir^t F n-frriTT- -i"i —i n rr >J^,-."— '!>"". < rT t "Z!Z—»*• wg- ~r M in n |TT t i m J» m 4 W^mTb»Mmßt<L,, jf\ y. «/f iilWLi Mfl^Jtlr \j7ft 1 ff*^^ErM*£i- <&Zfif*ML'-.jTS^MI■ >1 \^sk» ~*KW&i~WrP f *I'
      180 words
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  • Page 4 Advertisements
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      782 4 Credit Agricole (Suisse) SA, Geneva Head Office: Quai G6n6ral-Guisan 4, CH-1204 Geneva, Switzerland Singapore Branch: 168 Robinson Road, #23-03 Capital Tower, Singapore *****2 ffHfftilffftT"* If ft! tHITT At Of 2006 2QOS 1000 1000 CHF CMF 1. Assets Liquid assets 25,044 18,629 Money market instruments 4,243,534 1,369,709 Due from banks 16,450,405
      782 words
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      88 4 RESIDENTIAL SITE FOR SALE St. Patrick's View (St. Patrick's Road) o changird Freehold, Plot ratio 1.4 Land area: approx. 83,0 13 sq ft EAST COAST RD EAST COAST RD p. e o Dual road frontages st. Patrick's rd Near good schools and amenities HH SUBJECT SI. Prtrtctrt site MARINE h
      88 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon ROW, ROW INSTEAD OF PULL, PULL
      109 5 MINISTER for Community Development. Youth and Sports Vivian Balakrishnan (seated behind drum) getting a taste ofDragonTug, a new sport, yesterday when he joined United Overseas Bank deputy chairman and chief executive officer Wee Ee Cheong (next to Mr Balakrishnan) and others in a friendly
      109 words
    • Article
      Lock icon $60m lesson, courtesy of CitySpring
      813 5  -  HOCK LOCK SIEW CONRAD TAN THERE is a lesson for investors from the recent $56.1 million net loss by City Spring Infrastructure Trust look closely at the fee structure of a new issue before you buy. This is especially relevant now that there are more
      813 words
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  • SINGAPORE MARKETS
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1793 6 Payment b locks P»y lot *H» SUM <*« ABR Hldgs F 0 50 OS-May 11-May 284% ABR Hldgs 5 0.50 084% 11-May 284% Adampak "a 500 07-May 104% IBOun Adampak T~1.00 07-May 10May 18-Jun Adv Integrated 018 234% 284% 13-km AdvanceSCT y 0.50 07-May 104% 284% Advanced Hldgs
      1,793 words
    • Article, Illustration
      Lock icon It's mainly about the tide of liquidity
      596 6  -  STOCKS R SIVANITHY Senior Correspondent IF you wanted a nice, concise outlook for the local stock market, then look no further than Deutsche Bank's Friday Strategy Update in which it said "the economic news about Singapore has been disappointing recently. Nevertheless, we think
      596 words
    • Article
      Lock icon Asian currencies mostly lower against dollar
      310 6 JHONG KONG] Asian currencies ended the week mostly lower against the ilollar amid improved prospects for the US economy. Japanese yen: The yen slid to a threeJnonth low against the greenback due to brighter prospects for the US economy while Japan's weaker-than-ex-pected economic growth
      310 words
    • Article, Illustration
      Lock icon BROKERS' RECOMMENDATIONS
      2072 6 Consensus No .of Forecast Mean Ftfi recommendation esti- EPS K target price Company name TWs wk last mth males (cants) (ratio) price AJko Comm REIT 1.50 1.50 6 5.14 27.22 1.51 134 Allgreer Properties 2.89 2.89 9 8.05 21 -88 1.67 1.76 Allied Technologies 2.50 230 2 130
      2,072 words
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  • COMPANY NEWS
    • Article
      Lock icon Amtek approached by potential suitors
      187 7 CASINGS maker Amtek Engineering, in an SGX filing on Friday said it had been approached by several interested parties for a potential offer for the company. However it did not identify the parties. In its filing the company said it had received a number of
      187 words
    • Article, Illustration
      Lock icon Foreign telcos most likely suitors for hanaro
      663 7  -  CORPORATE ANALYSIS ST Telemedia and SingTel reportedly among bidders for near-40% stake in Korean outfit, reports HAN MIN CHUNG HAN MIN CHUNG WITH South Korean telcos SK Telecom and LG Group showing no interest in hanarotelecom Inc, the likely buyers increasingly appear to
      BLOOMBERG FILE PHOTO  -  663 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Most portfolios do well, reflecting bourses
      1468 8  -  TEH HOOI LING Senior Correspondent ALL but one of our portfolios ended firmer last week, as many bourses in the region foduding Singapore scaled new record heights. For the week ended May 18,2007 the Straits Times Index dosed at 3,512.4 for a gain of
      1,468 words
    • Article, Illustration
      Lock icon Buyers dominate trading in an active week
      1103 8  -  INSIDE MARKETS By ROBERT HALILI THE trading activity by directors. substantial shareholders and listed companies was high last week based on filings with the Singapore Exchange from May 14 to 18. Directors artd substantial shareholders recorded 101 trades worth $125 million versite 66
      1,103 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Most admired business leaders
      1862 9 THIS WEEK'S TOPIC If you were given the opportunity to have a heart-to-heart chat over lunch with the one (living) business person you admire most in the world, who would it be? And why? Li Ka-shing Sam Yap SG Executive Chairman Cherie Hearts Group AMONG the
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      230 10 aAfa.iLai-B'iife;i £■tljj|i|ifar ft if)Sr I't;ftilgMiiiiillßMMfriiffiiflifcirifiMillfißM-i||i iHf Milir t iflf mhi tiaii aafctni riin^iirifrwirrViiifc -H K* Vt 1 jft 1 3M '.'J i T V -v v t <' v" 4f'.*< t 1 i s'l M': T J-V s y f*"' r"jf y*~*j t-ff yffi.Tpr aEpßrflp^lTy fief' 'Jl 1 Staying ahead
      230 words
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      1086 11 Brought to you by WORKPLACE SAFETY AND HEALTH ADVISORY COMMITTEE A SAFE AND HEALTHY WORKPLACE: A COMPETITIVE AND PROFITABLE WORKPLACE TsIMH This is the vision set out by the Workplace Singapore (NUS) Department of Building and vigilance in order to achieve good safety W Safety and Health (WSH) Advisory Committee
      1,086 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Quirky places by the river
      1131 12 NEW RESTAURANT Sun with Moon #01-70/71/72 CentraieCLarke Quay Tel: 6534-7784 SUN with Moon is a pretty weird name for a restaurant but then again, it's Japanese and you know how they have their own rules when it comes to English translations. Still, naming logic notwithstanding,
      1,131 words
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      206 12 time IMTO (rUMO I tOO%MM fU 1 Si This week is your last chance to win trips for 2 to France staying at an authentic French Winery, or Club Med Bali as we celebrate Voilah! French Festival Singapore 07. Tune in to 91.3FM NOW, play "The French Quiz; and you
      206 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon TOP FLIGHT
      88 13 SHADOW Gate and Cosmo Bulk hogged the limelight last night at the $3 million Singapore Airlines International Cup. finishing an exciting one-two in front of a near capacity crowd at the Singapore Race Course. Commented winning jockey K Tanaka: "He ran a great race and responded well. I
      ALBERT SIM/THE STRAITS TIMES  -  88 words
    • Article
      Lock icon Motorists may be hit by premium hikes
      368 13  -  Underwriting losses in motor account are continuing at alarming rate: GIA By GENEVIEVE CUA MOTORISTS face higher insurance premiums as insurers are suffering what they say are alarming losses. General Insurance Association president Derek Teo said yesterday: "While there are some grounds for
      368 words
    • Article
      Lock icon HSBC launches 10-currency online savings account
      289 13 HSBC has launched from today an online savings account that allows customers to make deposits or payments in 10 different currencies. The HSBC Multi-Currency Savings Account is available to anyone, but Wendy Lim, HSBC's head of consumer banking here, said it is particularly useful
      289 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon The pitfall of performance chasing
      790 14  -  It is risky to jump into an investment just because everyone else is, says DANIEL BUENAS DANIEL BUENAS SOME people liken investing to gambling you pick a game (market) you like, calculate the risks involved, put a bet (investment), and with a combination of luck
      790 words
    • Article, Illustration
      Lock icon A very S'porean drinking game
      837 14  -  CAMPUS LIFE Brainchild of four local undergrads, it involves cheeky, saucy questions, DANIEL BUENAS reports DANIEL BUENAS K B F your significant other was in- I vited to be featured in Playboy I or Playgirl, would you say yes or I no?" 1 This may
      YEN MENG JIIN  -  837 words
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      251 14 Be smart with your finances I FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your fmancial textbook. To complement our editorial content, we
      251 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon A more flexible monetary policy
      1326 15  -  BT-IPS ROUNDTABLE Economist Le Mesurier says there's a strong case for MAS to move to a more activist interest rate policy. ANNA TEO reports ANNA TEO STRUCTURAL shifts in the economy, including an ongoing asset price boom, call for greater flexibility in Singapore's monetary policy.
      1,326 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Delistings put Bursa's relevance at risk
      673 16  -  MALAYSIA INSIGHT PAULINE NG KL Correspondent IT'S only mid-way into May and three listed companies have announced that their major shareholders would like to buy out minorities and exit the stock exchange. There have been five so far this year, and this is a
      673 words
    • Article
      Lock icon IDR to get integrated public transport system
      229 16 [JOHOR BARU] The Iskandar Development Region will have an integrated public transportation system that will speedily connect the region with the rest of the country, the New Sunday Times reported yesterday. The system will include existing taxis, buses, and trains as well as
      229 words
    • Article
      Lock icon DRB-Hicom sees higher profits from property arm this year
      242 16 —Bernama [PETALING JAYA] DRB-Hicom Bhd expects its property division to contribute "more meaningful" profits this year on the back of several ongoing development projects in prime areas. "We are starting to establish our brand, especially the Glenmarie. We are looking quite
      —Bernama  -  242 words
    • Article
      Lock icon Abdullah begins five-day visit to Japan
      154 16 AP [KUALA LUMPUR] Malaysian Prime Minister Abdullah Ahmad Badawi will meet his Japanese counterpart, Shinzo Abe, for talks to boost ties during a trip to Tokyo and Osaka starting today, Malaysia's foreign ministry said. Mr Abdullah's five-day visit is expected to take Malaysia's strong
      AP  -  154 words
    • Article
      Lock icon DiGi.Com in talks to take over Green Packet: sources
      521 16 [KUALA LUMPUR] Relentless best describes the speculation over DiGi.Com Bhd's rumoured tie-up with Time dot Com Bhd. Yet, both companies consistently deny such a possibility when queried by Bursa Malaysia, Star Biz Week reported. It appears now that there may be
      521 words
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      130 16 HwctW K sJ J w A ~\i I M| i fr^ Diners Club Card r<><**>/»<»/?64i***** A World of Exclusive Privileges Treats Diners Club T JT* AN 4?fes» SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on Straits Times. Poolside, level 4, above Tanglin Mall. i mats w Reservations recommended.
      130 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon IMF unfazed by China's move on reserves
      414 17 MD says emerging economies diversify their investments AP [WERDER-HAVEL, Germany] The managing director of the International Monetary Fund (IMF) said on Saturday he was not concerned about a reported move by China to entrust some of its foreign exchange reserves to a US
      AP  -  414 words
    • Article
      Lock icon Censors target luxury housing billboards
      230 17 Reuters IBEIJING] China's national capital has launched a crackdown on over-the-top advertising, claiming that the ads offend socialist values and threaten "social harmony" in the 2008 Olympic host city. Beijing may be capital of a socialist state, but the city's aggressive real estate developers have
      Reuters  -  230 words
    • Article
      Lock icon Investors eye white-hot B-shares
      578 17 Foreign currency stocks boom as value dips over past bearish years AFP [SHANGHAI] These days. Zhang Nin gladly sacrifices her short lunch breaks so she can queue up at the bank and buy US dollars for local currency. The 24-year-old marketing executive at a Shanghai wine
      AFP  -  578 words
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      336 17 BANKRUPTCY ACT (CHAPTER 20) BANKRUPTCY RULES IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE In Bankruptcy OS. No. 972 of 2007 /Z In the matter of the Bankruptcy Act (Cap. 20) And In the matter of LEE SOON GEE (NRIC No. SI *****00) Between AMBANK (M) BERHAD (Malaysian Reg.
      336 words
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      116 17 *^i]3BiKM tv; •jjf -'^ifjf" <"-* r :i^%. «2F4.;-«—i«^-. 4*3jj£jp* KilTOlTflfcli ill 1 v TffW HqHHpMHHHMHHH|^^^^^^^^^^^^^i Hfl < MIM^BBBBW^^WWWBIMI^BBWBWWBW—I An evolutionary retail investment product will be unveiled at The Rabobank Investment Seminar Saturday, 26™ May, 930 am, Rock Auditorium, Suntec City Mall Level 3 The first of its kind in Singapore.
      116 words
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      575 17 |#|redev Cash Flow from Commercial Real Estate nawA (y/ou to our numerous existing Singapore investors for attending our recent investor partner Appreciation Dinner Reception hosted by our President Mr. Richard Crenian. (former Singaporean now living in Canada) and remind potential new investors who will be paid: 9.8% p.a.* CASH FLOW.
      575 words
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  • India
    • Article
      Lock icon Economic czar fails to show grit as PM
      369 18 Reuters [NEW DELHI] Prime Minister Manmohan Singh completes three years in office this week having failed to live up to his promise, political analysts said. Considered the father of Indian economic reforms during his spell as finance minister in the *****, the
      Reuters  -  369 words
    • Article
      Lock icon Govt tightens foreign borrowing rule
      398 18 Move may help check capital inflows into India, stem currency gains Bloomberg [NEW DELHII India has banned real estate companies from raising funds overseas to develop townships, its latest measure aimed at slowing foreign exchange inflows that has spurred the currency to a nine-year high,
      Bloomberg  -  398 words
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      1471 18 Credit Suisse Consolidated balance sheets Consolidated BIS capital data December 31. in CHF m December 31, in CHF m Assets 2006 2005 2006 2005 Cash and due from banks 27,865 19,945 Risk-weighted assets 232,673 213,403 Interest-bearing deposits with banks 3,910 4,2456 Tier 1 ratio 11.4% 9.6% Central bank funds sold,
      1,471 words
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      415 18 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of ESSENCE FOODS PTE LTD Reg. No. *****4625G NOTICE OF CREDrrORS' MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 60 NOTICE 18 HEREBY GIVEN that pursuant to Section 206 of the Companies Act, Cap. 50,
      415 words
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      1169 18 m ABN AMRO Holding N.V. HP Incorporated In Mm Netherlands Hw«o«c»:oMfvMeN»rt—llS. IM2 Am—rtn. TT» Nthfton* 5 Consolidated balance sheet at 31 December Consolidated income statement for the year I, ended 31 December (In miUtons of turn*) 2006 2005 (inmMona of tuno*) 2006 —2QQS Interest income 37,698 29,645 s? Cash and
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  • MIDDLE EAST
    • Article
      Lock icon Dubai to create US$1b investment bank
      211 19 Bloomberg [JORDAN] Dubai Group, a US$4O bil lion government-owned holding company, will create a US$l billion Du-bai-based investment bank and buy others in the region with the aim of merging them into a larger entity. Dubai Group will buy "two or three" banks in
      Bloomberg  -  211 words
    • Article
      Lock icon Saudi coastal tourism projects to cost 150b riyals
      338 19  -  By HABIB SHAIKH in Jeddah SAUDI Arabian plans for various tourism projects on the Red Sea coast will cost 150 billion riyals (Ss6l billion) to set up, the Supreme Commission for Tourism says. The tourism body is planning the Red Sea resorts
      338 words
    • Article, Illustration
      Lock icon Kuwait ends dinar's peg to US dollar to curb inflation
      469 19 Exchange rate mechanism switched to basket of currencies —Reuters [KUWAIT] Kuwait switched the dinar's exchange rate mechanism to a basket of currencies yesterday, dropping a peg to the tumbling US dollar. The dollar peg was adopted in 2003. The move
      —Reuters; BLOOMBERG  -  469 words
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      89 19 MERITUS BUSINESS LOUNGE *mk > m Jt HHtek 1 ,^^B| MERITUS MANDARIN SINGAPORE A reposeful haven to conduct business activities away from hectic buzz and mixed crowds, the all-new Meritus Business Lounge is your answer to the perfect balance of office convenience and homely comforts. Applicable for upgrade from all
      89 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon STOCKS ASIA
      2817 20 Transaction date: May 18 For a full listing of the closing prices, log on to BT Online at http://business-times.asia 1 .com.sg after 11.30pm every trading day HONG KONG vi hks w- HBB Aeon Credit .638 -0.07 6 Aeon Stores .9.93 0.16 116 Angang SteH 18.72 0.16 4592 Anhui
      2,817 words
    • Article, Illustration
      Lock icon Italy's UniCredit set to buy rival for US$29b
      532 20 Takeover through all-stock deal will create Europe's 2nd biggest bank Reuters [ROME] Italy's UniCredit looked set to acquire smaller rival Capitalia for more than US$29 billion yesterday as the boards of both banks met to approve a deal to create Europe's second
      Reuters  -  532 words
    • Article, Illustration
      Lock icon F1 boss presses Australia for night race: report
      426 20 AFP [MELBOURNE] Formula One (Fl) supremo Bernie Ecclestone has warned the Australian Grand Prix will be moved overseas unless the race is held at night in a move designed to boost global TV ratings, reports said yesterday. Melbourne's contract to host the
      AFP; AP  -  426 words
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      1513 20 I KOREA'S LEADING BANK I KOREA 4jf EXCHANGE BANK (INCORPORATED IN THE REPUBUC OF KOREA) I 31 December 2006 I NON-CONSOLIDATED BALANCE SHEETS NON-CONSOLIDATED STATEMENTS OF INCOME I December 31, 2006 and 2005 Years ended December 31, 2006 and 2005 j (In millions of Won, except share data) (In millions
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  • World
    • Article, Illustration
      Lock icon Lift standards, hedge funds urged
      458 21 GROUP OF EIGHT MEETING G-8 report also urges supervisors to strive for greater clarity on risk exposure Reuters, Bloomberg (POTSDAM, Germany] A report commissioned by the Group of Eight finance ministers says hedge funds should pursue higher standards of business behaviour and supervisors strive for
      — Reuters,; Bloomberg; AFP  -  458 words
    • Article
      Lock icon Canada proposes closing tax loophole
      221 21 Reuters [POTSDAM, Germany] Canada's unpopular plan to close a tax loophole used by Canadian firms investing abroad sparked interest among countries that attended a Group of Eight meeting in Germany over the weekend, Finance Minister Jim Flaherty said on Saturday. Mr Flaherty said he discussed
      — Reuters  -  221 words
    • Article
      Lock icon China's growing influence a concern
      453 21 Reuters [POTSDAM, Germany] The Group of Eight powers predicted yet another year of healthy economic growth on Saturday. "Global growth remains robust and it is more balanced across regions and within our countries," the fmance ministers said in a statement after their talks here. Risks
      Reuters  -  453 words
    • Article
      Lock icon Untitled
      542 21 STRAITS TIMES INDEX STOCKS Stock nam* Wt Oom Chang* Allgreen 0.51 1760 Ascendasreit 094 2.680 -0.060 CaprtaComm 0.59 2.980 *0.030 Capitaland 5.20 8.300 -0.050 CapitaMall 1.03 4 060 -0.040 Chart SemiCond 0.69 1 340 *0.020 CityOev 3.12 16.900 -0.300 ComfortOelGro 1.51 2230 *0.010 Cosco Corp 0.88 2.770 *0.090 Creative Tech
      542 words
    • Article, Illustration
      Lock icon Chrysler deal: Cerberus gets US$62b package
      321 21 —AP [NEW YORK] Seven major North American banks and investment banks have agreed to raise the US$62 billion needed to refinance the debt and recapitalise Chrysler Group, Cerberus Capital Management said. The New York-based private equity firm announced last Monday it would acquire the
      —AP; AFP  -  321 words
    • Article
      Lock icon US investors buy US$40.3b net of foreign securities
      233 21 Weak US$, stronger overseas markets drive purchases —NYT [NEW YORK] American investors, having seen the US dollar weaken and foreign stock markets consistently outperform the American market, are putting record amounts of money into overseas securities. Figures released last week by the
      —NYT  -  233 words
    • Article, Illustration
      Lock icon Goldman market value tops US$100b
      272 21 Bloomberg [NEW YORK] Goldman Sachs Group set a record on Friday as its market value crossed US$lOO billion. It is already the highestearning securities firm in Wall Street history. The company's shares gained U552.96, or 1.3 per cent, to U*****.34 on Friday in New York
      Bloomberg; Source: Bloomberg  -  272 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Mammoth cargo plane key to Boeing's 787 production
      545 22 The Dreamlifter's cargo capacity is more than twice that of the 747 —AP [EVERETT, Washington] A gigantic, humpbackshaped cargo plane has been turning heads in the skies over the Seattle area for months as it's undergone hundreds of hours of flight tests.
      —AP; AP  -  545 words
    • Article, Illustration
      Lock icon Virgin America gets the green signal to fly in US
      350 22 Airline's revised plan okayed after it makes concessions —AP [WASHINGTON] Start-up airline Virgin America won final approval on Friday to take to the skies in the United States. regulators approved the company's revised plan to operate USbased commercial flights after
      —AP  -  350 words
    • Article
      Lock icon BA mulling premium EU, US flights
      139 22 Bloomberg [LONDON] British Airways (BA) pic, Europe's thirdlargest airline, may begin to offer "all-premium" flights between the US and continental Europe to tap growing demand from affluent business passengers crossing the Atlantic. "The details are yet to be decided, but we will provide a
      Bloomberg  -  139 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      659 22 CTTY FUCWT CTA FUCWT HP AbvDhaM ***** 1230 g SI 111 C.oiToWS ~5T55 <3sr 1|1g MI566 M6S sm h raj (EH TftiM i3M TftUS 6635 CWrtd th tgg iggj |g| sm if M k Colombo E|W4 HI di sgg 2figg m 0tn n 31 6w«o MI566
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      Lock icon California rejects BHP LNG project
      195 22 Reuters [LOS ANGELES] California Governor Arnold Schwarzenegger on Friday rejected a liquefied natural gas (LNG) port off the Southern California coast proposed by Anglo-Australian mining company BHP Billiton. The rejection was expected. The US$BOO million Cabrillo Port project has been on its last gasps since
      Reuters  -  195 words
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      Lock icon Posco gets necessary clearances to build port in India's Orissa state
      180 22 Bloomberg [MUMBAI] Posco. the world's fourth-biggest steelmaker, has received environmental clearance from India's government to build a port in the eastern state of Orissa, almost two years after it agreed to invest US$l2 billion in the facility. "We have
      — Bloomberg  -  180 words
  • Page 22 Miscellaneous
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      279 22 CRYPTIC CROSSWORD 1 Expression of resignation by I F plodder, one quick to know the score (5-6) 8 Perplexed and stymied if sent -LJ-—■LJ--— the wrong way (9) pHK 1 There's no scoring with these H HB H HUflUflT 12 Somewhere to swim at far end I I I the
      279 words
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  • Article
    Lock icon SINGAPORE STOCKS
    11209 23 SGX MAINBOARD Week ended: May 18 52 WV Tel Last Vol Wtat Lost Quote On GrYld Not MCap High Low Code Cowpoay Solo W- COOP) Wgh Low teyor Cw W W 'I i ££Sr*.zzzz. .z.zz-u 7689 u 12 13.5 u 47 it i« 67 34 20 5834 A-Sonic
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      153 23 w W' j ,*.r Not been making the most of the markets? Then it's time to trade CFDs with City Index Asia. ItadtoioniqpteiiuaftMtofcem Tfcedelongor short on liws market one account prices Manage yoor risk with atop loaees and Trade stocks, Efft and indices from other order types 7.8% margin physical
      153 words
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    Lock icon FINANCE & COMMODITIES
    7235 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USS dy yr %dy yr dy *yr May 18 Indax Ch«r>g« Chang* Chang* Chang* Chang* Chang* World Index Preliminary 1181.1 05 7.3 0.4 75 0.5 8J t EAfE Preliminary 1186.9 0.5 U 0.4 7.6 0.5 8.2 Europe
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      1417 25 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 Load* E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.EJS.E.A. SERVICE Destination Destination PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT STXPO TBN INC/BSN PAN BRIGHT JDH/BJA Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for
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      650 25 IINTMAHA rorq SPViq vßsa/vor ramwkt) hbghw wo kh lo sw jrr STRAITS SUCCESS 17 '7/05 22/05 STRAITS EXPRESS 10 30 10 20/05 STRAITS EXPRESS 11 I 30 4.0 I V/K 31/05 03/04 05/P* Iji.iuib.xiij.ij ■nin fiTiri 1 1 VBSa/VOT IMTgT) tSOHUM) iO SW M STB MB B M positive ieadb/dio
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      1601 26 WAN HAI INTERNATIONAL PTE LTD ot NO: **********0/R T1L*****588 (HUNK) FAX:*****163 XXKINwAIJ UA I NFC Custom*Sarvta/BookhjjDirect Ite-(1800)*****200 V 1* A f iHII IIMI LlllkJ nan.-(03) 3MMMI Ml: (03)3X2301 mm: (04) 22t5«00 ML MI22WIM JOH IB: (07) 2510V23 FAX: (07JBIHII »IB: 103)) JWS47J HUb 1031)32*2714/ 32*130$ week.! mm cn *1*:(Bl)52i«l«Ml(02l)J2S47IIWI*:714«0/7)43»1 FAfcTltOT
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      1367 26 |T|n EASTERN CAR LINER, LTD \y 1 1 SPfQAUZI IN ROtO A HEAVY Uff UfTO 450 TDHS J VOY »o—(ItT) LHtt—(KT) SIX PKL PNN «T MUA IP com HEW 77 50 >0 24/05 P/K ESTCEUA ETIKHA 143 40 21/05 31/05 COSMIC L£ADt> >? 40 60 06/06 10/0* 12/06 ADMIHE COtAL
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      602 26 m aoaas* WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS HBSE I WT I sw I rnm coto«o jg Icoiomo howahm ooatw ismat i*mat hmat am_ gIW ma ram TwnM 25JAI M mi 2LML- WWII mtaww 01 no »mat xm mm mjih iojw ALSO ACOPUK
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  • THE BUISNESS TIMES SHIPPING TIMES
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      Lock icon THE BUISNESS TIMES SHIPPING GUIDE EXPORT
      6954 27 This ETA ETA Advertiser Vessel Voyage Telephone SW Dest n Nam Mm Number Number ■■■■■paaaaBnninaHMHnBiMnMNHMn To ABIDJAN (ABJ) 2003 Cote D'lvoire 30/05 07/07 Detmas DELMAS LIBREVILLE 722W *****344 30/05 10/07 Mmas DELMAS LIBREVILLE 722W *****344 06A36 14/07 Mmas FLORA DELMAS 723W *****344 16/06 18/07
      6,954 words
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      543 27 VESSEL VOY PKL SIN KHI PXB BAB PMM BIK KHO IRAN TABATABAEI PCLBI9B 19/05 18/05 27/05 30/05 31/05 06/06 08/06 10/06 IRAN BAABAEI PCLBI99 25/05 26/05 04/06 07/06 08/06 14/06 16/06 18/06 IRAN SATTARI PCLB2OO 31/05 01/06 10/06 13/06 14/06 20/06 22/06 24/06 I VESSEL VOY SIN NHS BNP PXB
      543 words
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      349 27 Kwt mm wn ?$n Si Ifos 55M penriuffl fiSigiP VBSa VOY SM Jakarta loafkak (PAT) Sla W .r. Jakarta Vai»at m| g I.g HhTI ad l ata I a3~ Vn "HTTia iiri~iir" PAORC EXPRESS 302E 21/05 In/OS 25/05 I 24/05 24/05 24/05[ EAfiUSTRBCTH lEiT" 123/*****/*****/ OS I 27/05 1 27/05
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      333 27 ["KM GLORY MVKATNW GROUpI I SINGI97O OWNS A OPERATES THE YOUNGEST FLEET TWELVE 7,000 DWT TWEEN DECKERS 1 COVERING I I THE ENTIRE ASIA PACIFIC PORTS REOULAft WEEKLY SERVICES: a KAOHSIUNO A CHINESE PORTS, HONG KONO I TO ft noM I SOUTHEAST ASU SMCAfOM IMP WOON SMPPMG (5) PIE 0V
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  • BizIT
    • Article, Illustration
      Lock icon When the 'T' in CTO is Translation'
      869 29  -  For HP's Phil McKinney, there's no thrill like helping people with bright ideas translate them into real products, writes KENNETH JAMES KENNETH JAMES THE first thing you need to know about Phil McKinney, vicepresident and chief technology officer (CTO) of HewlettPackard's US$3O billion
      869 words
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      Lock icon The future of mobility
      262 29  -  By KENNETH JAMES WHEN Hewlett-Packard brought its Mobility Event roadshow to Singapore last week, centre stage was reserved for a new range of notebooks incorporating features designed to make them, in HP's latest catch-phrase, "insanely simple". But the real stars in HP's view, anyway were several
      262 words
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      Lock icon Using RFID to track down counterfeits in Asia
      787 29  -  <you say> By JEROEN KEUNEN IN most countries today, the penalties for digital content piracy are significantly more severe than those for selling counterfeit drugs. Governments need to acknowledge and address the gravity of the situation before more lives are put at
      787 words
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      Lock icon New online tool can help nab resume cheats
      447 29  -  By WINSTON CHAI IF you're thinking of glorifying your CV to land a dream job, a new Webbased tool from US firm First Advantage might just call your bluff. The company, which specialises in providing pre-employment background checks for employers, has launched
      447 words
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      Lock icon <what's up>
      729 29  - &lt;what's up&gt; WINSTON CHAI WINSTON CHAI New services head at Nokia Siemens NOKIA Siemens Networks has named Jorg Erlemeier as its head of services for the Asia-Pacific region. Prior to taking on the Singapore-based role, he was head of the Hutchison customer business team at Nokia Networks, which was merged
      729 words
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      Lock icon 'WiMax may not be for S'pore': Nortel chief
      327 30  -  By AMIT ROY CHOUDHURY NORTEL'S Asia chief, Michael Pangia, believes WiMax (Worldwide Interoperability for Microwave Access), particularly its mobile variant, has a very bright future in Asia, especially in large countries like India which do not yet have extensive broadband infrastructure. However,
      327 words
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      Lock icon Nortel to ramp up its Asia business
      956 30  -  It makes S'pore its Asia HQ as it seeks to increase Asian contribution, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY Telecommunications equipment maker Nortel, taking advantage of the rapid growth of the telecoms industry in Asia, has consolidated its regional headquarters operations in
      956 words
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      166 30 YOU SAY Using RFID to track down counterfeits in Asia. PG 29 II WWFNT PT I VY illj..N DUijl-Mjuu DijVjvJiVliju lLiljriuUlvJj. m I Xj^r' 1 -Welcome to a new level of style and comfort. We commissioned the world renowned interior designer Many Samson to reinvent our Club Intercontinental guest rooms
      166 words