The Business Times, 25 May 2007

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Total Pages: 31
1 32 The Business Times
  • 20 1 THE BUISNESS TIMES Friday, May 25,2007 MICA (P) 202/12/2006 online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE 85 cents
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  • 681 1 AFP, Reuters [SHANGHAI] Investors yesterday received another series of warnings about the perils of China's stock market frenzy, with the Organisation for Economic Cooperation Development (OECD) echoing former US Federal Reserve chief Alan Greenspan's comments that a sharp correction could be on the
    AFP,; Reuters  -  681 words
  • 17 1 Dsn 3,530.26 (-28.75) ST INDEX FUTURES 3,530.00 (-29.00) siMsa 436.09 (-4.21) SIMSa FUTURES 435.50 (-3.90)
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  • 616 1  -  Some Sesdaq firms say cost of staying listed could become prohibitive By OH BOON PING [SINGAPORE! Cost remains a key concern among most Sesdaq-listed firms following the Singapore Exchange's proposed changes to the listing rules announced on Wednesday. Even though the SGX has yet
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  • Page 1 Advertisements
    • 101 1 OPINION The truth about Sino-US relations PAGE 19 Enjoy! JIHiiV The Singapore Arts Festival on and The Business Times is joining in the celebration. To mark the month-long festival that begins today, BT has come up with an Arts Festival 2007 magazine featuring personalities and trends in Singapore arts. We
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    • 2 1 Arts 81U!
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    • 44 1 GASTRONOMY *~mM 4 What's cooking t(P in Bangkok PAGE 27 OFFICE SPACE S'pore rents up 53%year-on-year PAGE 9 All the right moves PAGE 3 Lawyers keen to sponsor firms PAGE 3 Marie-Christine Lombard, group managing director of TNT In the Raffles Conversation tomorrow A
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  • TOP STORIES
    • 522 2  -  Move aims to attract trading clusters to Singapore Reports by CHEN HUIFEN [SINGAPORE] Singapore is offering concessionary tax rates to companies trading in liquefied natural gas (LNG) and carbon emissions, to help attract new trading clusters here. Announcing a series of new initiatives
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    • 313 2  -  The venture will invest in Japan's retail properties By ARTHUR SIM [SINGAPORE] GIC Real Estate has formed a joint venture with Sumitomo Corporation to invest up to US$l.3 billion (Ss2 billion) in retail properties in Japan, making it one of that country's
      313 words
    • 41 2 IN the report 'Paramount Hotel site being sold for $200 million' (BT, May 24), we said the site was on the government's safeguard list. This is incorrect. The site is not on the list. We are sorry for the error.
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    • 423 2 [SINGAPORE] Singapore was prepared to support a smaller University of New South Wales (UNSW) campus here, Trade and Industry Minister Lim Hng Kiang said yesterday. The Economic Development Board did not reject UNSW's proposal for a 2,000-student campus and in fact
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    • 892 3  -  PROPOSED SGX CHANGES HOCK LOCK SIEW By TEH HOOI LING BUILD it, and they will come. That's what the Singapore Exchange (SGX) is banking on with its proposal to transform Sesdaq into a sponsor-supervised board in the mould of London's Alternative Investment Market (AIM). And from
      892 words
    • 171 3 —AFP [BANGKOK] Thailand's influential king yesterday warned dissolving the two main political parties would damage the country's image, commenting that the post-coup situation was "not good at all". Speaking at Chitralada palace here, King Bhumibol Adulyadej urged Thailand's top judges to act
      —AFP  -  171 words
    • 520 2 Lawyers keen to sponsor companies on growth board LAWYERS are keen to sponsor companies on the new growth board, saying they are well suited for the job. Stamford Law Corporation director Yap Wai Ming says sponsorship mainly involves ensuring that companies comply with Singapore Exchange listing requirements. "Most
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    • 451 3  -  By WEE LI-EN [SINGAPORE] Lawyers are keen to sponsor companies on the new growth board, saying they are well suited for the job. Stamford Law Corporation director Yap Wai Ming says sponsorship mainly involves ensuring that companies comply with Singapore Exchange (SGX)
      451 words
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  • Page 3 Advertisements
    • 102 3 Bin I f&w I 11 nu niiiiiniin MAKE A MARK FOR YOURSELF. The Jaguar XJ isn't all about technological breakthroughs. Its about a driving experience that never allows technology to overwhelm. Its about getting behind the wheel and knowing Jaguar XJ with every fibre of your being that you're in
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  • COMPANY NEWS
    • 382 4  -  By CONRAD TAN THE current boom in global equity markets is "perfectly normal" and still has some way to go, said the head of a global asset management group yesterday. Roger Yates, chief executive of London-based Henderson Group, said the
      382 words
    • 394 4 Boardroom woes not about battle for control, she says THE four independent directors (IDs) and the chief executive of Yellow Pages have a friendly relationship with the two directors seeking to unseat them, independent director Helen Yeo says. "This YP situation is a very
      394 words
    • 449 6  -  By UMA SHANKARI SINCERE Watch plans to capitalise on the rising Asian demand for luxury goods to expand its presence across the region, the company said yesterday. Group managing director Tay Liam Wee told BT that the group plans to open more
      449 words
    • 369 6  -  Independent directors agree with IFA the price is not attractive By SIOW LI SEN INDEPENDENT directors of Carats Ltd, the former Daka Designs, have recommended that shareholders reject a partial offer by Galleria Resources. They agree with the recommendation of the independent financial
      369 words
    • 2573 6 UNIT TRUSTS FUNDS ABEi«i*irenn«8TEl* 734/ OWSKaoiQbtoWaAO® 106* 47V *MS«i6o«A—: 13g KS&S&SSU 0 .n££ lOtanani ~7Sjjt AfEuuplnamAa* 7121 WrttorSbteWCL ISGD 1062 V \*M «rh)Ca*N* J# ££££!S£Sf i3 2&I2!2LS2« m 463 WElfCVlTOm ,8Hj« TJD oMNnftKMrattaAuso *****/ va St<»*MA £5£f± 222?«- iK£ S2Sti£ wa ii2£>*« SSUKStli 2KX AJN Am Awl Mgt .VpwV MfanplnameAUSD
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    • 388 7  -  Shift of focus to high-end wireless communication solutions pays off By OH BOON PING A SHIFT in strategy to focus on high-end wireless communication solutions paid off for Addvalue Technologies as it swung from a $22.8 million net loss the previous year
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    • 345 7 One-time gains boost Cougar's net profit BOOSTED by one-time gains totalling $7.27 million, Cougar Logistics' net profit for its financial year ended March 31 rose nearly three-fold to $10.3 million. Revenue climbed 5.9 per cent to $46.6 million. The one-time gains comprise $6.9 million from the disposal of
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    • 295 7  -  By RONNIE LIM RESOURCES and mining group Straits Asia Resources will continue with its foray into oil and gas exploration and production (E&P). "There is no change in the strategic direction of the company," a spokesman told BT yesterday after it
      295 words
    • 470 4  -  Revenue up 1.6% but higher investment costs set company back Reports by WEE LI-EN YELLOW Pages (Singapore) yesterday reported a 13.1 per cent fall in net profit to $12.6 million for the financial year ended March 31. Revenue inched up 1.6 per
      YEN MENG JIIN  -  470 words
    • 374 4 Joint investment gives SIA benefits: Morgan Stanley Bloomberg TEMASEK Holdings, a Singapore investment company, may join its unit Singapore Airlines Ltd (SIA) to bid for a stake in China Eastern Airlines Corp, Morgan Stanley said. A joint investment with Temasek, which owns 56
      Bloomberg  -  374 words
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  • Page 6 Advertisements
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  • SINGAPORE MARKETS
    • 535 8  -  STOCKS ST Index falls 0.8 per cent after the former Fed chief compounds fears of a China stock bubble TEH HOOI LING Senior Correspondent RETIRED US Federal Reserve chairman Alan Greenspan still packs a punch when it comes to having an impact on financial markets
      Source: Bloomberg  -  535 words
    • Article, Illustration
      967 8 SECURITIES TRADING SCOREBOARD MAIN SOQ TOTAL U» Bow Ut> Up Down Unth Up Pown Urvch Multilnd 3 9 5 0 0 1 3 9 6 Minufntufing 33 128 53 8 23 20 41 151 73 Commerce 11 48 18 2 6 10 13 54 28 Tpt/Stor/Com ms 12 23 7
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    • Article, Illustration
      991 8  -  Compiled by CONRAD TAN Telecoms Sector MS GROUP RESEARCH, May 24 THE telecoms sector te a beneficiary of healthy domestic economic outlook, influx of foreign workers and tourists, and returns through capital management With Singapore's drive to boost its population to 6.5 million in the long term from
      Source: Bloomberg  -  991 words
    • 522 8  -  CURRENCIES LARRY WEE Senior Correspondent IT WAS the turn of the British pound to lead gains versus the US dollar yesterday, but the Chinese yuan and Malaysian ringgit were also able to post fresh post-depeg highs. As widely expected, this week's two-day Sino-US
      Source:Reuters  -  522 words

  • SINGAPORE NEWS
    • 316 9  -  By DANIEL BUENAS FOR fiscal year 2007, some 800,000 households will receive $210 million worth of Service Conservancy Charges (S&CC), rental and Utilities-Save (U-Save) rebates as part of the QST Offset Package announced in the Budget Statement 2007. The rebates will be
      316 words
    • 674 10  -  NTUC showcases four firms where both employers and staff have gained By PAMELA CHEW THE National Trades Union Congress (NTI'Q yesterday showcased four companies' wage restructuring efforts, leading to a win-win situation for both the companies and their workers ham Hui Fong. NTUC
      674 words
    • 492 10  -  Retaining talent a problem for some firms: E&Y survey By LIN ZHAOWEI THE outlook for Singapore's job market remains highly positive on the back of a robust economy. And according to the results of Ernst Young's (E&Y) inaugural Singapore Internal Audit Survey released
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    • 253 10 CONTACT lens practitioners and optometrists who know the eye-relatfd dangers of smoking are more than twice as likely to ask clients whether they smoke and advise them to cut down or stop, a survey has shown. And in the wake of the survey conducted by the
      253 words
    • 328 10  -  By PAMELA CHEW MUCH more could be accomplished by the public relations, marketing and advertising industries if they fostered closer ties with one another, a panel heard yesterday. Asked which is more effective marketing. PK or advertising panelist Palani Pillai. group
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    • 195 10 TO cater to the region's growing biofuel industry. Germany's Oiltanking will spend $15 million on its first biofuel storage tanks in Singapore. Oiltanking. which has invested more than $500 million in an 8.45 million barrel oil storage terminal on Jurong Island, yesterday signed
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    • 398 10  -  By UMA SHANKARI TAKINGS from this year's Great Singapore Sale (GSS) are expected to outdo last year's $5 billion by about 5 per cent, the Singapore Retailers Association (SRA) said yesterday. Sales this time around are expected to be boosted by better tourism
      ARTHUR LEE  -  398 words
    • 439 10  -  By ROLAND LIM IX) you have a great idea to explore in the digital media space? Well, you might just be able to get up to $50,000 from the Media Development Authority (MDA) to kickstart the project. Its latest $40
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    • 556 9  -  Rents here jumped 53.6% year-on-year to US$67.97 psf per annum: CBRE report By KALPANA RASHIWALA THE latest evidence of fast escalating office rentals in Singapore is provided by a CB Richard Ellis report which shows that office rents on the island are
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  • Page 9 Advertisements
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  • ECONOMY WATCH
    • 297 11 Bloomberg INHW YOKKI The SHC has approved rules that will make it easier for additional cred-it-rating companies to gain federal recognition and compete with Standard Poor's and Moody's Investors Service. The plan, adopted on Wednesday by the US Securities and Kxchange Commission, was prompted
      Bloomberg  -  297 words
    • 630 11 —Reuters, AP [WASHINGTON] US lawmakers stepped up pressure on China over trade on Wednesday, giving mixed reviews to high-level economic talks and urging China's top economic envoy to address complaints about China's currency. The powerful House of Representatives Ways and Means Committee told Vice-Premier
      —Reuters,; AP  -  630 words
    • 356 11 As long as savings stay high, currency will remain weak Reuters [PAßlS] China's currency would appreciate if Beijing allowed the yuan to trade more freely but the yuan will remain a structurally weak currency as long as people save so much, OECD chief
      Reuters  -  356 words
    • 703 11  -  With projected growth of 2.4%, it can cope with stronger currency By ANTHONY ROWLEY in Tokyo JAPAN'S economy is strong enough now to cope with a stronger currency, and the authorities should not resist any upward pressure on the yen, the IMF
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  • Page 11 Advertisements
    • 119 11 see thefrffy picture iTh ink software I Evans Peck will be running 2 workshops designed for beginners those with some modelling experience to equip them with the knowledge to explore real business problems using STELLA and iThink. The leading facilitators have won numerous awards and commendations across various industries including
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    • 1135 11 SHINHAN BANK (INCORPORATED IN THE REPUBUC OF KOREA) CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF INCOME December 31,2006 and 2005 For the years ended December 31,2006 and 2005 2006 2005 2006 2005 Millions of Millions of Millions of Millions of Korean Won Korean Won Korean Won Korean Won Assets Interest income
      1,135 words

  • MALAYSIA/INDONESIA
    • 570 12  -  By S JAYASANKARAN in Kuala Lumpur FOUR years after the project was first mooted, the shareholders of a RMI.4 billion (Ss63l million) petroleum and bunkering facility on a 100-acre reclaimed island off the west coast of Johor remain undecided. Bankers familiar with the
      570 words
    • 254 12 Bloomberg [KUALA LUMPUR] Genting Bhd. Asia's largest publicly traded casino operator, said first-quarter profit more than doubled after income from gaming and power climbed as it expanded overseas. Net income rose to RM656.7 million (*****.9 million), or 17.8 sen a share, in the three
      — Bloomberg  -  254 words
    • 495 12 [KUALA LUMPUR] A steady rebound in shares of Transmile Group Bhd was interrupted by a research report that questioned the number of planes it has, a claim the air transport firm said was inaccurate, says a report in Malaysia's Business Times. The stock,
      495 words
    • 224 12 Reuters [JAKARTA] A unit of Indonesia's largest instant noodle maker, PT Indofood Sukses Makmur Tbk, will acquire plantation firm, PT London Sumatra Tbk (Lonsum), a source close to the deal said yesterday. Lonsum, one of the oldest plantation firms in Indonesia and focused on
      — Reuters  -  224 words
    • 2531 12 VOL May 24 KM *1- (000) AIM Realty 2.26 unch 71 AbfK Bhd ...0.2a -0.02 63 Advance Synergy .0.30 -0.01 474 AdventaBhd 120 -004 603 Ae Multi Hldgs .0.31 -0.01 120 Affin Holdings ..2J5 -0.01 1529 AhmadZakiRetou 2.92 unch 65 AicCorp .0.57 -0.01 137 AirasiaBhd 196 0.03 8252
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    • 504 12  -  Top 40 now worth US$46b from US$26b last year, says Forbes Asia By PAULINE NG in Kuala Lumpur A RISING stock market has made Malaysia's richest people a lot richer. The country's top 40 tycoons are now worth US$43 billion. up from US$26
      AP, FILE PHOTO  -  504 words
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  • GREATER CHINA
    • 388 13 —AP [BEIJING] Authorities have detained 28 people after thousands of farmers rioted to protest against fines levied on those who had more children than allowed under China's family planning policy, state media said. Between 300 and 3,000 people were involved in the
      —AP  -  388 words
    • 177 13 -AFP {BEIJING] Millions of Chinese computers may have been paralysed by a faulty anti-virus update from Symantec, the world's largest security software provider, state media reported yesterday. An automatic update to the Chinese version of the Norton anti-virus software sent out
      -AFP  -  177 words
    • 466 13 —Bloomberg [BEIJING] China's Gansu province, where President Hu Jintao cut his teeth as an official 30 years ago, has spent more than 100 billion yuan (Ss2o billion) upgrading its industries since 2002 and will spend as much in the next five years, its governor
      —Bloomberg  -  466 words
    • 249 13 —Reuters [LONDON] GlaxoSmithKline is set to unveil plans for a major research and development centre in China, joining a growing number of pharmaceutical companies tapping into the country's skillbase in life sciences. Research head Moncef Slaoui told the annual meeting of Europe's biggest drug
      —Reuters  -  249 words
    • 196 13 Bloomberg [BEIJING] Nanjing Automobile Group Corp, the Chinese maker that took over MG brand, said it is discussing with Fiat SpA about terminating a venture that makes passenger vehicles in China. "We are in discussion with Fiat," Nanjing Auto's spokesman Liu Ningsheng said
      Bloomberg  -  196 words
    • 661 13 Lin Yuan intends to keep every penny invested in equities Reuters [SHANGHAI] China's Warren Buffett says he is keeping every penny invested in a share market that has nearly tripled over the past 18 months. "Don't ask me whether the bull run has peaked.
      Reuters  -  661 words
  • Page 13 Advertisements
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    • 90 13 You got to read this! Bookworms, rejoice. Find out how you can get 20% off books and stationery from Times The Bookshop at The Centrepoint when you pick up your copy of The Business Times Weekend tomorrow. m W:-<- *->r J I mm I l I *m I W JS9m>
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  • INDIA
    • 342 14 Rising currency threatens India's economic growth —NYT [NEW DELHI] Concerned that the rising value of the Indian rupee is threatening to limit the country's economic growth, especially in the lucrative outsourcing industry, monetary policy experts here have started putting pressure on the Reserve Bank
      —NYT  -  342 words
    • 287 14 —AFP [WASHINGTON] The United States and India are "90 per cent" of the way towards sealing a landmark deal on nuclear energy, a top US official said on Wednesday ahead of pivotal talks in New Delhi. Undersecretary of State Nicholas Burns said he
      —AFP  -  287 words
    • 588 14 Rising prices alienated voters who ousted Congress in polls Bloomberg [NEW DELHI] Indian Prime Minister Manmohan Singh warned companies against forming cartels, stressing price stability is necessary to spread the benefits of economic growth in Asia's fourth-biggest economy. "The operation of cartels
      — Bloomberg  -  588 words
  • Page 14 Advertisements
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  • MIDDLE EAST
    • 552 15 Price surge follows UN report on advances in Iran's nuclear programme Reuters, AP, Bloomberg (LONDON] Oil prices climbed above US$7l to a nine-month high yesterday after a report by the United Nations' nuclear agency opened the way to tougher sanctions against the
      Reuters,; AP,; Bloomberg  -  552 words
    • 296 15 —Reuters [LONDON] A multibillion-dollar project to turn gas into liquid fuel in Qatar was on schedule, Royal Dutch Shell said on Wednesday after Sasol warned a similar venture had problems. Sasol said its Oryx gas-to-liquids (GTL) joint venture plant in Qatar had technical
      —Reuters  -  296 words
  • Page 15 Advertisements
    • 3591 15 Cats Notices NOTICE OF INTENDED DIVIDEND Name of company Ml SYSTEMS PTE LTD (In Creditors' Voluntary Liquidation) Reg. No. *****5293H Address of former 331 North Bridge Road #22-02/03 Odeon Towers registered office Singapore *****0 Last day of receiving proofs 11 June 2007 Name of liquidators CHEE YOH CHUANQ and LIM
      3,591 words
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  • ASIA-PACIFIC/WORLD
    • 579 16/17 LATEST US DATA Climb was highest in 14 years; US economy set for soft landing but sub-prime mortgage market still a risk Reuters. AFP [WASHINGTON] Sales of new US homes rose 16.2 per cent in April, the sharpest climb in fourteen
      Reuters.; AFP  -  579 words
    • 540 16/17  -  By ANTHONY ROWLEY in Tokyo JAPAN'S Prime Minister Shinzo Abe last night called on world leaders to embrace a major new initiative to cut global warming emissions by half by the year 2050. He also said Japan will create
      REUTERS  -  540 words
    • 311 16/17 Reuters [LONDON! The British government has ordered a full competition inquiry into pay TV group BSkyß. over its purchase of a 17.9 per cent stake in the country's biggest commercial broadcaster ITV. The Competition Commission could recommend that BSkyß give up some or
      — Reuters  -  311 words
    • 489 16/17 Reuters. AFP [NEW YORK] A key member of the family that controls Dow Jones 8t Co opposes a US$5 billion bid by Rupert Murdoch's News Corp. fearing the sale would endanger the Wall Street Journal's independence, the paper reported yesterday. "I'm open
      — Reuters.; AFP  -  489 words
  • WORLD
    • 655 16/17 It aims to balance need for tighter financial controls with cost of complying with them NYT (NKW YORK] The Securities and Exchange Commission (SEC) approved new guidelines on Wednesday that try to balance the need for tighter financial controls with the cost of
      — NYT  -  655 words
    • 220 16/17 —Reuters ISEATTLEI Microsoft Corp said on Wednesday it does not need to buy Yahoo Inc to gain scale in online advertising, because it has "all the pieces" it needs to build a successful ad business. Speaking at the Goldman Sachs Internet Conference in Las
      —Reuters  -  220 words
    • 42 16/17 -Bloomberg Anne Ryan, of London, reads a book on a temporary grass installation in Trafalgar Square in London. UK yesterday. The grass was laid to promote visiting London's many village greens and will remain until today. —Bloomberg BLOOMBERG
      -Bloomberg; BLOOMBERG  -  42 words
    • 578 16/17 AFP [MOSCOW] Who would bid US$3.9 billion at an auction and then disappear? The mystery is gripping Russia's business community after a Moscow-based company called Prana appeared to do Just that. Prana won a dramatic bidding war on May 11 with the biggest Russian oil
      AFP  -  578 words
    • 352 16/17 Reuters (LONDON) A multi-millionaire businessman lost his appeal yesterday against a court order that he should pay a record-breaking £48 million (*****.5 million) divorce settlement to his ex-wife. Insurance underwriter John Charman. 54. had challenged the size of the award to his former wife
      — Reuters  -  352 words
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  • EDITORIAL & OPINION
    • 509 18 EDITORIAL CLEARING a choked drain pipe is one thing. Untangling the legal and commercial aspects of a gas pipeline agreement involving incumbents who built it and new players who want to use it, is quite another. So, can the amended Gas Act, passed by Parliament on
      509 words
    • 1341 18  -  It is critical to recognise the detriment to the international economy if any stoppage to trade is allowed to prolong. The longer it takes for trade to resume, the greater the economic loss By SEE CHAK MUN THE traditional concept of security in
      FILE PHOTO  -  1,341 words
    • 787 18  -  THE BOTTOM LINE FRANK CHING FOR the last 10 years, Taiwan has attempted each year to be admitted into the World Health Organisation (WHO) and was rejected every time. In previous years, to maximise its chances, it asked to be
      787 words
    • 915 19  -  Congress wants China to revalue their currency while Beijing says it is not to blame for the US' rising trade deficit LEON HADAR Washington Correspondent THE minor agreements that were reached during the two days of negotiations between American and Chinese officials in Washington are not
      AP  -  915 words
    • 180 19  -  LETTERS TO THE EDITOR Chua Soon Hock 1 REFER to media reports on the closure of the University of New South Wales (UNSW) campus in Singapore. Is the Ministry of Education's (MOE) impractical policy a cause of the poor intake for UNSW, resulting
      180 words
    • 105 19  -  Lim Ah Kheng I REFER to MAS's letter "Let market discipline banks" (BT. May 16). The crux of the problem is that fixed deposit interest rates quoted to customers who enquired personally at the counters of local banks are consistently much higher than those
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  • Page 19 Advertisements
    • 105 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletterOsph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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    • 1190 19 Cats Notices flh HUA NAN COMMERCIAL BANK, LTD. wM (A Wholly-Owned Subsidiary of Hua Nan Financial Holdings Co., Ltd.) ptTHi—l m eIWTWi Oi-t, t»i* t—Hp HrmrnM tm ion Amount Amount INTEREST INCOME 46,523,604 40,082,534 INTEREST EXPENSE (23,712,402) (19,231,942) INTERESTINCOME.NET 22,811,202 20,850,592 NET INCOME (LOSS) EXCLUDING INTEREST INCOME Service fee income,
      1,190 words

  • AVIATION/SHIPPING
    • LOG BOOK
      • 79 20 [SINGAPOBE] Changi Airports International (CAI), the international airports business unit of the Civil Aviation Authority of Singapore (CAAS), yesterday announced that it had signed a memorandum of understanding with the People's Committee of Thua Thien Hue Province for the development of Phu Bai-Hue International.
        79 words
      • 100 20 —Bloomberg [LONDON] Orders for dry-bulk commodity carriers rose to the highest in more than 16 months as increased freight rates fuelled a construction boom, shipbrokers Fearnleys AS said. Orders for as many as 77 bulk carriers were disclosed in the past week, more
        —Bloomberg  -  100 words
      • 113 20 Bloomberg [SEOUL] Hanjin Heavy Industries Construction Co has won a US$l.27 billion order to build eight container ships that will be among the world's largest. The vessels, each able to carry 12,800 standard 20-foot containers, will be built in the Philippines for Germany's
        Bloomberg  -  113 words
    • 576 20 It expects capacity, ticket prices to be hit by Tiger Airways' entry Reuters [SYDNEY] Qantas Airways Ltd said it might spin off some freight operations and other units or return billons of dollars to shareholders as it rethinks its future following a failed
      Reuters; AFP  -  576 words
    • 154 20 AFP [SINGAPORE] Singapore budget carrier Tiger Airways yesterday said that it will lease two new Airbus 320 planes from the commercial aviation services arm of US conglomerate General Electric. Under an agreement, GE Commercial Aviation Services (GECAS) will buy the two aircraft
      AFP  -  154 words
    • 590 20  -  He seems to blame MAS for lobbying against services By VEN SREENIVASAN [SINGAPORE] The Singa-pore-Kuala Lumpur route will be opened up to lowcost airlines possibly as soon as September, the chief executive of Air Asia said yesterday. Tony Fernandes was speaking just
      590 words
    • 851 20  -  ADMIRALTY CASEBOOK By SELVA KUMAR A VOYAGE charterer won an appeal in an English court last week against a ruling to pay "deadfreight" for cargo it did not load into a tanker because the vessel could not have departed the loading port
      851 words
  • Page 20 Advertisements
    • 108 20 NOTICE BY FEEDER OPERATORS CURRENCY ADJUSTMENT PASIR GUDANG TRADE EFFECTIVE 15 JUNE 2007 With the appreciation of Singapore Dollar and Malaysia Ringgit against US Dollar which greatly increased the operating cost, the following feeder operators have no other alternative but to implement the Currency Adjustment (CA) for all SOC Shipments
      108 words

  • 11380 21 SGX MAINBOARD Transaction date: May 24 52-Wk Td Last Vol Day Lad Quota Drv GrYld Nat MCap High Low Coda Company Sale *1- ***** High Low Buyer Seller Cvr PfE Smij 3.5 2 5716 1st Software 2 susp 8.1 16 5 6 3148 BTelecom 15.5 -1 2414 16.5
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  • 7261 22 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In SS In USJ dy yr dy yr dy %yr May 23 Indtx Chanq« Change Change Change Change Change World Index Preliminaty 1190.3 0.5 8.1 0.4 8.6 0.6 9.0 EAFE Preliminary 1196.2 0.5 8.0 0.5 8.8 0.8 9.2 Europe Preliminary
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  • Page 23 Advertisements
    • 2096 23 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NIPHANAREE RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/NOL/SAV Loods Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia 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 LAURADA DBI/DBU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Molcysio, Indonesia Loods E. Malaysia, Indonesia OTHER SERVICES Tramping for
      2,096 words
    • 108 23 fr** P. T. DJAKARTA LLOYD (PERSERO) AUSTRALIA FULL CONTAINER SERVICE Wt VOT ~MI Wt W Ml STB MB Ml AMI WMDARRA OOIS TO/OS 77/05 01/06 03/06 05/06 0«/06 KAMAKUtA 039S 77/05 N/05 05/06 10/06 17/06 15/06 ANI WAMMGA 005S "***** ***** T575S ***** Tf756 ***** AH TOPAZ USS ***** T7706
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  • Page 24 Advertisements
    • 1675 24 WAN HAI INTERNATIONAL PTE LTD CRN<>:I469S92OOOO/R T1L*****588 (14LINES) FAX:*****163 \\K|\ IA/AKI A I I INFQ CiKtomer Service/Bookings Direct Line (1800) *****200 V Nl I fIHII IIMI UIILJ FKI 1R:(03)334MMFUt(03)*****2MPW18:(04)226W00FAX:(04)2W6i99 JOH TB: (07) ***** D F/Ut (071?51l»2) SUM IB: (031) *****75 F/Ut (031) 32*2714/ 32*1305 WU.U, u.nnkni rn <« KI1B:(021) *****MFU:(021)
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    • 1394 24 EASTERN CAR LINER, LTD I W 1 I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TOWS ■yyvor uftt-(im sin rn wm jkt mua wk ESTRELLA ETEKWA UJ 60 30/0} 21/24 COSMIC LEADER 82 40 60 01/06 10/04 12/06 ESTKELU ETEKWA 144 60 13/06 '5/06 ftuff-T I M M H7IT YUSHO
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    • 697 24 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSa WT I $M I HUM I COLOMIO > SHfW COlOttfO noiAftwm yrwios 25 may omit omit mjuw mjuw MIYWiIW Ullffl 30may 02Jim oya_ HJH MAtKIA OIOW 05 JUW 04 JUN 09itWI 13JUW I7JUW AISO ACCEPIM6 Kl
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  • THE BUISNESS TIMES SHIPPING TIMES
    • 3404 25 This ETA ETA AArartbar V«wl V*yaf« Te*ephooe SIM NflHM Hnn MuntfoCf ||up|^f To ADELAIDE (ADL) 2007 Australia 03/06 22/06 China Shpg ANL WARRINGA 00SS *****898 31*06 22/06 PTD)akarta ANL WARRINGA 005S *****202 10/06 29/06 China Snpg API TOPAZ 1455 *****898 10/06 29/06 PTDjakarta APITOPAZ
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  • Page 25 Advertisements
    • 428 25 IRISL, Ofo® (kip&ssi) $](mi) Qfo® S&MteM @®s9, ®Gmjpite GGiPg)® ©ft) QlhixsWsjlh ibW (kvsfimg) {fax? fr&napcsxrfteJikM 9® fisalkiindl (poihnite fisa Uoram ©s wsWI m 0® @ol]*§Q 3m Qfo® (fo&tesQ Muxm* SINGAPORE REGIONAL OFFICE: AGENT IN SINGAPORE AGENT IN MALAYSIA; AGENT IN INDONESIA IRISL ASIA PTE LTD SINOSE MARITIME PTE LTD BOUSTEAD
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    • 547 25 rasa vor sm jkt MCIANOA MOON 27/05 M/OS PACHNTAN MOO 34/05 01/00 M( lAMOA 2001N If/OS M/OS PAC IMTAN *401 00/00 01/0* MCIANDA MOW M/OS >1/05 PACMNTAM Hfi 11/0 15/0* IfACIANBA MOW 01/0* 02/04 0003 M/ 00 22/04 VBSfi vor m M YB» DK MC lUPAT 0175W 27/05 DOCK MC
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    • 331 25 Im GLORY NAVIGATION GROUpI I (sma i«70) I OWNS ft OPERATES THE YOUNGEST FLEET j WITH TWELVE 7,000 DWT TWEEN DECKERS COVIMNO I I THE ENTIRE ASIA PACIFK PORTS I a RfOUUUt WIdCLY SfRVICIS: a IKAOHSIUNG A CHINESE PORTS, HONO KONO TO A FROM j SOUTHEAST ASIA B SJNGATORf HUf
      331 words

  • NIGHT OUT/ARTS
    • 726 26  -  One way to hold an unforgettable party is to have it on a yacht, writes MELISSA LWEE MELISSA LWEE WHEN you hit the big 3-0 and you want to celebrate it in style, what do you do? You have a party, but
      726 words
    • 575 26  -  By LISA TAN THIS year's International Museum Day (IMD) celebrations got a little mose tasty as food and art lovers came together for a food trail unlike any other. The Eastern Surprise Food Trail last Saturday whisked some 30 participants away to the
      575 words
    • 452 26  -  By LINDSAY VICKERY THREE colourful works from the dawn of the Romantic Era featured at last Sunday's Singapore Symphony Orchestra (SSO) Casual Concert and, judging from the audience's reaction, a relaxing afternoon of classical music really hits the spot. The Casual Concert Series aims
      452 words
  • Page 26 Advertisements
    • 49 26 f c ."j c• _1 _x. Citigold, from spra tocfay, tomorrow and Surkwy Wf I Tie Hulkwul Arts Cmwdl booth ovtside Raffles Qty Thereafter, the magazine will be on sale at the various Arts Fest venues. fy v-r- •-TV./:*&Wi^i£iii^^ sw&Ww**. WITH COMPLIMENTS OF PUBLISHED BY citigold The Business Times
      49 words

  • EPICURE
    • 888 27  -  At Thaifex and Gourmet Asia Bangkok, food fairs coexist with gourmet dinners, says GEOFFREY EU GEOFFREY EU ANTI Santamaria, the three-Michelin-star Spanish chef •V whose Can Eabes restaurant north of Barcelona is a popular destination for gastronomes from around the world, arrived in Bangkok
      GEOFFREY EU  -  888 words
    • 1064 27  -  By N K YONG THERE was this intelligent young couple who were at the same dinner party, clearly very enthusiastic about wine. During our discussion about the wine we were drinking 1 was curious: "Do you drink wine every day?" "We
      1,064 words
  • Page 27 Advertisements
    • 169 27 Transform your ordinary wine chiller to a Euro Cave Wine Cabinet today! -liß EUROCAVE OVERTRADE fgU PROMOTION For a only, over trade-in your working up to $1,200.00* per unit when you |mi purchase a Euro Cave wine cabinet*! Terms Conditions Offer Over trade-in only applicable purchase new Euro Cave V
      169 words

  • ENTERTAINMENT
    • 687 28  -  CINEMA The plotlines are seemingly pulled out of thin air, says PARVATHI NAYAR PARVATHI NAYAR FOR many of us viewing Pirates of the Caribbean: At World's End, the movie couldn't have ended fast enough, but here's the really scary detail. When a certain
      687 words
    • 578 28  -  By GEOFFREY EU THERE is a lighthearted moment early on in Infamous when the pint-sized author Truman Capote nattily dressed in a furcollared winter coat breezes into a small Kansas town to begin his research for a story about a terrible multiple
      578 words
    • 350 28  -  DVD By PARVATHI NAYAR YOU'VE got to hand it to the diamond: for an inert stone, it sure causes quite a stir. And Hollywood and diamonds have long enjoyed a relationship dominated by mutual admiration: Elizabeth Taylor's legendary collection, 007
      350 words
    • 524 28  -  MUSIC Reviewed by BEN MUNROE Music City Soul Beverley Knight Parlophone/EMI Rating: B ODDLY perhaps for the work of such a powerful vocalist, the strength and richness of Beverley Knight's Nashville-record-ed fifth album is epitomised by the backing singers. Following the tradition of backing vocals, at
      524 words
  • Page 28 Advertisements
    • 83 28 Wide selection of wines available for tasting. —-'J\ Wines on offer Chateau Lafite Rothschild, Ausone, 7 Haut Brion, etc. Great selections of Australian, French, Spanish, Argentinean "SfcX v etc, available. FREE gift of wine cooler r 1/ with purchase of $300 (Limited to 1 per customer, while stock lasts). 71
      83 words
  • Page 28 Miscellaneous
    • 290 28 CRYPTIC CROSSWORD Ring the Parisian in boat be- jlE_^ißL—JpH—ing loaded (7) 8 p 10 Bird, variegated sort one's seen on church (7) JIL_ 12 Confused impression given Law LaJ L|m Lbv LJ by book publisher's hype (5) BH BH 13 Good man presented with one German beer mug (s)^ tish
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  • ARTS
    • 1019 29  -  PARVATHI NAYAR highlights some of the more interesting and intriguing shows at this year's Singapore Arts Festival PARVATHI NAYAR IT'S THAT time of year again when words and phrases like interdisciplinary, interactive and in-your-face are inevitably tossed around. In other words, it's time to get ready
      ARTHUR LEE  -  1,019 words
  • Page 29 Advertisements
    • 165 29 *■:&< 4S&* v riiii-' 4 £i k- V V •> ".iC; [&tf V r Never be lost again. i9flK I OH »Jig HJ LJ| I K ~S HO Em fl ftfl Jj H I 11 ?l» B M l -V .;'<& '<*'-■ ELii Iwl'i f yffifeffiffifflSfflfjjflpjitjlfe^jjfl^^ r i Sajaß #»<SHMHBBBI^WHi^M®MBB^SMfcSBHBiB^M^SBBMMHHiMfIBM#J^BMP»V#Wr
      165 words

  • WOMEN ON TOP
    • 1502 30  -  Cerebos Pacific's executive VP tells NANDE KHIN about the challenges she had to overcome in a male-dominated profession NANDE KHIN BANGING on the table in order to get a point across during meetings may sound alien to female, and even male, executives in Singapore today. But
      1,502 words
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  • COVER STORY
    • 1376 31  -  PARVATHI NAYAR looks at how this year's all-new version of the Asian Arts Mart aims to grow the performing arts portfolio PARVATHI NAYAR WEALTH management is the current buzz word in Singapore, but growing the performing arts portfolio is rather different from buying and selling
      FILE PHOTO  -  1,376 words
  • Page 31 Advertisements
    • 386 31 ''i- /V,'• '> yj[_ i>/ D Italian festival y^Xp*\ 2 0 o'/ *|f v -J Featuring: Italian Lifestyle Fair at Calendar of Events 1 X J 23 to 30 May Italian Rim Festival: Screening of a seteotttpertobe of Italian films For more information and booting details, plea&yi&thww. ksingapore. estan. it
      386 words

  • executive lifestyle
    • 599 32  -  off the cuff jaime ee THERE are two things going on right now in Singapore that I don't understand. One, people are avidly speaking out against elitism in schools, yet parents will stop at nothing to secure places for their kids at "elite" primary
      599 words
  • Page 32 Advertisements
    • 357 32 Hll Mix of Michelin and Growing the performing arts portfolio Credit-linked to some of the world's largest financial institutions: Cittqroup DBSB.nI. Boidm.nS.cbs HSBC Merrill Lynch Standi Chartered The Base Prospectus dated 30 March 2006 (as amended and supplemented by the Supplementary Base Prospectus dated 27 April 2007), and the Pricing
      357 words