The Business Times, 4 June 2007
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2007-06-04
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The Business Times
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Title Section20 2007-06-04 1 THE BUSINESS TIMES MICA (P) 202/12/2006 Monday, June 4,2007 online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBUCATION SINGAPORE 85 cents20 words
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Article, Illustration777 2007-06-04 1 JANE MOIR - Revamp comes as GEM faces stiff competition from peers in London, US, China By JANE MOIR in Hong Kong HONG KONG'S stock exchange plans to toughen listing requirements for its secondary bourse to bolster its reputation and attract new blood. Under a777 words
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708 2007-06-04 1 CHUANG PECK MING - They add US$2.8b of stocks, up from US$1.3b in Q4'06 By CHUANG PECK MING [SINGAPORE] American investors trading on the Singapore Exchange were undaunted by the big global sell-off at the end of February this year. In fact they stepped up their708 words
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Page 1 Advertisements
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Advertisement65 2007-06-04 1 VIEWS FROM THE TOP What constitutes a fair wage increase? pages 6& 7 GO ORGANIC AT GRAND HYATT. CmazzaO features 100% ogwic rrfenua dwlng bncti and Am*. discover fresh and high quality organic Ingredients direct from farms In austrate and europe. acquire new healthy ideas and tastes this season, go65 words
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Advertisement13 2007-06-04 1 SHANGRI-LA DIALOGUE Security networks need to evolve carefully; TfeoCheeHean page 4 Arts Festival13 words
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Advertisement15 2007-06-04 1 sgM YOUNG FORUM jfcr pthical investing: the Peter Parker ejamgjg^GE in Markets Digest Page 415 words
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TOP STORIES
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375 2007-06-04 2 CONRAD TAN - Companies find succession planning challenging when key staff leave By CONRAD TAN [SINGAPORE] Singapore companies searching for executives are casting their net wider than ever, according to executive search firm Egon Zehnder International (EZI). "More than 75 per cent of375 words
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Article, Illustration466 2007-06-04 2 JANE MOIR - By JANE MOIR in Hong Kong HONG KONG'S first attempt at a "green tax" is likely to be levied early next year as the city tries to clean up its environmental act but the move faces plenty of opposition. Customers will haveAFP - 466 words
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Article489 2007-06-04 2 Security networks must evolve carefully: Chee Hean ASIA'S security cooperation will continue to be marked by a multitude of overlapping security networks, but the matrix of networks must evolve with the strategic environment. Singapore Defence Minister Teo Chee Hean offers three principles to guide the evolution collective responsibility,489 words
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Page 2 Advertisements
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Advertisement279 2007-06-04 2 Leading-edge courses developed by internationally renowned trainers, handpicked from unparalleled worldwide resource of expert practitioners and professors from the heart of the global financial centre New York. !Mi WM-, ;;r My tf "■•V 2 Day MBA In Mergers Acquisitions 6 th 7 th June (Wed Thu) Professor Y. Eden (CPA,279 words
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Advertisement1255 2007-06-04 2 people Roaming Asia-Pacific. Cats Notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PERAK HOLDINGS PTE LTD (In Members' Voluntary Liquidation) Reg No. *****06 ME NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 351 East1,255 words
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Advertisement359 2007-06-04 2 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND M THE MATTER OF EAST CHINA INDUSTRY PTE LTD Company Registration No. *****0652K (M MBtBERS' VOLUNTARY UQUDATION) At an Extraordinary General Meeting of tie members of East China Industry Pie Lid, duly convened and held at ttw registered office, 122359 words
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ENTREPRENEUR INSIGHTS
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Article, Illustration752 2007-06-04 3 DANIEL BUENAS - Expanding a business overseas is a complex and intricate process, but with careful and diligent planning, industry watchers say that any challenges can be overcome, reports DANIEL BUENAS DANIEL BUENAS |H j|| ITH the rise of S M S'obalisation, M m 11 jf SingaporeAP - 752 words
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Article226 2007-06-04 3 DANIEL BUENAS - By DANIEL BUENAS WHAT are some of the key issues that a company needs to address before venturing overseas? International Enterprise chief executive Chong Lit Cheong cites some points from a Bain study that are required for companies to be successful: Internationalisation business plan Some226 words
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Article, Illustration1225 2007-06-04 3 INSEAD'S PERSPECTIVE A CRUCIAL element that determines the success of a new venture is the entrepreneur's ability to manage fundamental business relationships. As Steven White, assistant professor of entrepreneurship and family enterprise at Insead, explained: "With few financial and management resources available to theFILE PHOTO - 1,225 words
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Page 3 Advertisements
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Advertisement89 2007-06-04 3 C R F DIT QQF Entrepreneur Insights is brought to you through the collaboration of The Business Times, Credit Suisse and INSEAD. The content is based on the "Growth Challenges for Asian Entrepreneurs" research programme, performed by InnovAsia, the applied business research unit of INSEAD. J N O fcj A89 words
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SHANGRI-LA DIALOGUE
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Article, Illustration696 2007-06-04 4 A temporary deal is expected by end of next week: minister —Reuters. AP [SINGAPORE] Indonesia's defence minister said yesterday he expects all outstanding issues holding up a defence treaty with Singapore to be resolved by the end of next week, paving the way—Reuters.; AP - 696 words
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Article, Illustration428 2007-06-04 4 CHEN HUIFEN - Indusiveness, mutual respect and responsibility must govern evolution By CHEN HUIFEN [SINGAPORE] Asia's security cooperation will continue to be marked by a multitude of overlapping security networks, but what is needed is for the matrix of networks to evolve with the strategic environment,AFP - 428 words
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Article163 2007-06-04 4 BT ONLINE BT print subscribers get free access to The Business Times Online. To activate your account log on to asial.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS WMk Chge STI 3548.32 +€1.69 KLCOMP 1360.07 +20.99 NIKKEI 225 *****.88 ...+477.67 HANG SENG .*****.87 +82.21 SET INDEX163 words
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Page 4 Advertisements
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Advertisement686 2007-06-04 4 I SOUND GALLERY 1 Audio €sf Visual Specialist SPACE A 4000 square feet showroom, with 5 dedicated demo rooms, giving you ail the sound you need, all at one location. Array of award-winning designed 5.1 Home Theater Systems to blend in with your modern lifestyle. Facilities allowing us to demonstrate686 words
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Advertisement212 2007-06-04 5 WHEN SEEING HER FACE LIGHT UP IS AS IMPORTANT AS MEETING YOUR DEADLINE vi jaHk* fl M w M j v J* j* a M 1 IS I M H sgW r a +m W mw mi tilf op- »if Q 0 j-'isfr-tfe"'" rai I «HpF yV r ft r»212 words
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VIEWS FROM THE TOP
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Article, Illustration2377 2007-06-04 6 THIS WEEK S TOPIC What would constitute a fair wage increase, in the light of the National Wages Council's guidelines? How can companies reward their workers while ensuring their business remains competitive? Managing Director, CYC. The Custom Shop Pte Ltd GIVEN the buoyant economy, it is no longer2,377 words
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Page 6 Advertisements
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Advertisement49 2007-06-04 6 4* +65 6431 2595 \IBS is a premier global financial services firm offering wealth management, asset management and investment banking services to individual, corporate and institutional investors. ÜBS is headquartered in Switzerland and operates in over 50 countries and from all major financial centers. OUBS 2007. All rights reserved.49 words
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Page 7 Advertisements
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SINGAPORE MARKETS
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Article, Illustration650 2007-06-04 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent IT'S pretty obvious that the Straits Times Index's immediate future rests on how volatile China and the US market will be in the week ahead. Both have played key roles in last week's action. China's650 words
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Article706 2007-06-04 8 P»l—I b laafci hi hfMI U 1Mb tat lssl ttt 0m Ml km Afe 0m Ml I Ul W% )HHf 1»M> PMfMKnd f IMIiJTA ISAMf IM« KMi jjllirt f IBB «M% IM% "IH» EawM—fcatat r_W in IH» Adv integrated Oil B«>r iJ-»» HIoIuhw 7 WWIA OMMr 114% OAMi706 words
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Article262 2007-06-04 8 CURRENCIES —AFP [HONG KONG] Asian currencies ended the week mostly flat against the dollar with markets tending to domestic concerns and feeling on the strength of the greenback mixed. Japanese yen: The yen in the past week lost earlier gains to the dollar, which was supported—AFP - 262 words
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445 2007-06-04 8 COMMODITIES AFP [LONDON] Metal prices jumped higher last week as the US dollar struggled to find higher ground, while lead hit a record high on worries over critically low stockpiles and Chinese demand. Oil prices fell as US refineries began restartingAFP - 445 words
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Article, Illustration2103 2007-06-04 8 Consensus No.of Forecast Mean FrCs recommendation esti- EPS PE target price Company name This wk Lastmth mates (cents) (ratio) price Advanced Holdings 2.50 4.00 2 3.3S 1239 0.40 0.42 Alko Commercial Real Estate Inv. Trust 1.50 1.50 6 5.14 24.69 1.52 1.30 Allgreen Properties 2.78 2.78 9 8.182,103 words
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COMPANY NEWS
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651 2007-06-04 9 CONRAD RAJ - HOCK LOCK SIEW CONRAD RAJ years with phase one involving the construction of prime residential units in the 1.14 sq km Orchid Valley, while phase two will involve developing the first one sq km of 12 sq km of a high-end651 words
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228 2007-06-04 9 —Bloomberg [ATLANTA] Hain Celestial Group Inc, the biggest US maker of organic groceries, has invested US$6 million in Singapore natural-foods company Yeo Hiap Seng Ltd and created two joint ventures to expand in fastgrowing countries such as China. Hain—Bloomberg - 228 words
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Article, Illustration577 2007-06-04 9 VEN SREENIVASAN - Latest purchases make them substantial shareholders By VEN SREENIVASAN INSTITUTIONAL investors seem to be betting on crane specialist Tiong Woon emerging as the next Tat Hong, as rising demand and tight capacity hits the crane leasing business. The mainboard-listed company has attracted a577 words
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Page 9 Advertisements
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Advertisement276 2007-06-04 9 If you are facing any of the following: You need to keep your payroll absolutely confidential. Your payroll staff are bogged down, and are bored with the routine of rushing payroll every month, and there is limited room for staff development for payroll processing functions. You or your payroll staff276 words
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SINGAPORE MARKETS
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Article, Illustration1483 2007-06-04 10 TEH HOOI LING - TEH HOOI LING Senior Correspondent LAST week's holidayshortened week of four days' trading has proven to be rather choppy. And it was also the first week in 10 that the UOB Sesdaq Index saw a weekly decline. The last time the second board index fell week-on-week1,483 words
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Article, Illustration964 2007-06-04 10 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI JPMorgan and Credit Agricole's initial filing prices to a record high of 84.5 cents on Friday. ECS Holdings Value Partners Limited has been buying shares of information technology products distributor ECS Holdings at progressively higher prices since February withFILE PHOTO - 964 words
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COMPANY NEWS
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Article, Illustration503 2007-06-04 11 LYNETTE KHOO - By LYNETTE KHOO SINOPIPE Holdings Ltd said it is confident of achieving stronger double-digit growth this financial year ending Dec 31, 2007, thanks to its capacity expansion with the relocation of one of its facilities and efforts to secure built-trans-fer municipal projects. "For this year,503 words
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684 2007-06-04 11 LYNETTE KHOO - Fundamentals stay strong but analysts forecast near-term correction By LYNETTE KHOO THE Singapore equities market experienced a strong rally in May led by gains in banks, with the Straits Times Index rising 149.84 points or 4.46 per cent from April and the684 words
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328 2007-06-04 11 CHEN HUIFEN - IPO WATCH By CHEN HUIFEN IN ANOTHER sign of the ongoing boom in the energy industry, RH Energy, which provides engineering services to the oil and gas sectors, has lodged a preliminary prospectus with the Monetary Authority of Singapore to raise funds for328 words
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Page 11 Advertisements
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Advertisement428 2007-06-04 11 Essential Influencing Skills to Achieve Work Coals 15 June 2007 (Fri) 9am to spm SPH News Centre A fun and interactive session to equip you with the necessary social skills and communication techniques to effectively influence the outcome of every situation. Leave feeling recharged, positive and confident to face challenges.428 words
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Advertisement700 2007-06-04 11 RaboJet Certs Series 1 will be launched on the Singapore Exchange Securities Trading Limited (SGX) on June 2007. Linked to the share price performance of DBS Group Holdings Ltd, Capita Land Limited, Singapore Telecommunications Limited and Singapore Airlines Limited Daily lock-in feature with a maximum rate of return 1 of700 words
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SINGAPORE NEWS
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Article269 2007-06-04 12 DATE/ TIME EVENT VENUE 4-24 Designing Leisure: National Library Level June 07 Inspirations from The 7, Promenade 10.00am Marina Bay Sands 5 June 07 ISAS-EAI Seminar Cdnference Room, 3.15pm Southeast Asia and India Level 6 EAI National A Journey Into The Future University of v Singapore, 469A Bukit269 words
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Article, Illustration785 2007-06-04 12 CHEN HUIFEN - Quick response as critical low-cost sourcing: Li Fung The best route to produce a good may not be the cheapest By CHEN HUIFEN COMPETITIVE sourcing is not just about offering the lowest cost. A speedy turnaround time is also as important, says a veteran in the trading world. William Fung,APPLE DAILY - 785 words
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221 2007-06-04 12 KUWAIT'S Prime Minister Sheikh Nasser Al-Mohammed Al-Ahmed Al-Jaber Al-Sabah will be in Singapore for an official visit from today till Wednesday, at the invitation of Prime Minister Lee Hsien Loong. The three-day visit will be marked by the inking of several pacts between Singapore221 words
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Page 12 Advertisements
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Advertisement33 2007-06-04 12 Place your AGM ang EGM notices in our newspapers. Organised by: Sponsored by: Supported by: i accenture THE BUSINESS TIMES ©ocßceank EjJ> ij =r SP Cc Singapore High performance. Delivered. dcct QO?Y avKilabi.E33 words
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S'PORE ARTS FESTIVAL
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Article, Illustration559 2007-06-04 13 MELISSA LWEE - Guests attending the Singapore Arts Festival gala concert at the Esplanade Concert Hall last Saturday were dressed to the nines, reports MELISSA LWEE MELISSA LWEE IT WAS a showing of considerable force last Saturday at the gala concert of the Singapore Arts FestivalARTHUR LEE - 559 words
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191 2007-06-04 13 AMANDA DE GUZMAN - Compiled by AMANDA DE GUZMAN Arts on the Move: Free performances all around the country that include: On aiR, two cone-headed figures wandering Orchard Road at 1 pm and 6 pm; and Dikir Kita, that gives a fresh twist to191 words
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Article, Illustration389 2007-06-04 13 CHRISTOPHER LIM - By CHRISTOPHER LIM IT would be hard to imagine a more auspicious return to the Singapore Arts Festival by musician Mark Chan than his multimedia performance over the weekend. Dreaming of Kuanyin. Meeting Madonna, which wrapped up its twonight run on Saturday, ended Chan'sFILE PHOTO - 389 words
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Article, Illustration404 2007-06-04 13 LINDSAY VICKERY - By LINDSAY VICKERY AFTER two-and-a-half centuries of symphonic tradition, many composers are tempted to ask: "What future can there be for new orchestral works?" The composer Brahms was already lamenting, in the late nineteenth century, that there was no necessity for404 words
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Advertisement54 2007-06-04 13 j Hr I ndVC fUU Uvvll wvwll dli wOvCW O Wiwlj ***•»mm stap Mo tt» spowt .Jft M Umih,. _g.iL. rtnr nit fimTr*ti J Wk tfw contemporary viie... 24 hour? a day. It's very now. It's jp Oscv*s. wL 9H For Reaarvattoas 4-65 6432 7481 CONRAD' l V Dm UtOMMk54 words
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DINING OUT
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Article, Illustration1233 2007-06-04 14 PROMOTIONS Hong Kong Food Promotion Jiang-Nan Chun, Four Seasons Hotel, 190 Orchard Boulevard Hotel. For reservations, call 6831-7220 WHEN it comes to Cantonese food and dim sum in particular there's little doubt that chefs from Hong Kong rule the culinary roost. Here in Singapore, the best1,233 words
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Page 14 Advertisements
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Advertisement194 2007-06-04 14 Diners Club Card r»w»™"64i6 0980 fIBBHB A Wort Jof Exclusive Privileges Treats Diners Club wwwAiners.com sg International' There's no better time to indulge your craving for crepes than now, with the thrilling Mega Menu! Simply take your pick from our full a la Iv c *1111 carte menu of savoury194 words
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Advertisement88 2007-06-04 14 JHBK fIjMM F i_i.nr""! |3fl Y'f" —\#—■33H v v* jfc \a*BTWmi 1 -1 UkA ai 8H II WPL'-' ■PJ*°fTtes City Shopping Centre \j|j -™y m SHlWwvwdgeßood. Singapore *****2 jK* ■^^i Time to get personal! Your choice of cooking style-broiled, steamed or poached chicken and fish. Wholesomely delicious! Date: 1 to88 words
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Advertisement32 2007-06-04 14 K ot# JMHSk uaH <TW.SW LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company's financial performance through CATS Notices in The Straits Times. S HAT3W i NOTICES J j32 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration733 2007-06-04 15 DANIEL BUENAS - Most investors calculate the possible returns and financial position of companies, but forget to consider that the firms they support will have an impact on the world they live in, writes DANIEL BUENAS DANIEL BUENAS EVER wonder if superheroes have financial advisers? It was a733 words
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Article, Illustration849 2007-06-04 15 JASON LOW - CAMPUS LIFE Competition organised by NTU-lIC open to junior colleges for first time, JASON LOW reports JASON LOW WHEN Robert Kiyosaki, author of Rich Dad, Poor Dad, designed the financial board game Cashflow 101 which uses the financial concepts put forth in his book he had849 words
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Page 15 Advertisements
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Advertisement256 2007-06-04 15 Be smart with your 1 finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. J The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content,256 words
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ECONOMY WATCH
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Article, Illustration504 2007-06-04 16 Reuters [WASHINGTON] A senior World Bank official said on Thursday the institution would intensify its efforts to eliminate burdensome commercial debts of poor countries preyed on by so-called "vulture funds". > Danny Leipziger, the World Bank's vice-presi-dent for poverty reduction and economicReuters; FILE PHOTO - 504 words
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Article, Illustration704 2007-06-04 16 Rise on surge in Canadian interest rates and strong economic growth AP [TORONTO] The Canadian dollar breached 94 US cents for the first time in 30 years last Friday and analysts speculated that it will be worth as much as the strugglingAP; BLOOMBERG - 704 words
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216 2007-06-04 16 —Reuters [LONDON] Institutional investors are set to invest US$B5 billion into hedge funds and funds of hedge funds over the next 12-18 months, according to research firm Private Equity Intelligence (Preqin). In a note on Friday, Preqin said that while high—Reuters - 216 words
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539 2007-06-04 16 —Reuters [NEW YORK] Former United States Federal Reserve chairman Alan Greenspan said on Friday that US interest rates are low, but that rates are low all over the world. He said the prevalence of low interest rates throughout the world was one of the—Reuters - 539 words
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Article541 2007-06-04 16 STRAITS TIMES INDEX STOCKS Stock name Wt Oos» Change AHgreen 0.52 1.800 Ascendasreit 0.96 2.780 -0 030 CapitaComm 0.59 3.020 +0.080 CapitaLand 5.02 8.100 CapitaMall 1.04 4.140 +0.080 Chart SemiCond 0.66 1.300 +0.030 CityOev 3.18 17.400 +0 500 ComfortDelGro 1.51 2.260 +0.060 Cosco Corp 0.86 2.730 +0.090 Creative Tech 0.17541 words
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619 2007-06-04 16 AFP [MUMBAI] India's central bank is likely to keep monetary policy tight in the coming months to tame prices after the economy expanded at a faster-than-expec-ted 9.4 per cent in the year to March, analysts said. While key interestAFP - 619 words
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MALAYSIA/INDONESIA
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774 2007-06-04 17 PAULINE NG - MALAYSIA INSIGHT Transmile case shows that more needs to be done to improve corporate governance By PAULINE NG in Kuala Lumpur Recriminations are flowing in corporate Malaysia, triggered by the revelations of accounting irregularities at air express cargo company Transmile Group. An avalanche of774 words
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Article2810 2007-06-04 17 Transaction date: Jun 1 For a full listing of the closing prices, log on to BT Online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG vol HKS 000 Aeon Credit 680 unch 134 Aeon Stores 10.40 unch 114 Angang Steel 16.82 0.72 9427 Anhui Conch .45.45 1.552,810 words
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375 2007-06-04 17 —AFP [KUALA LUMPUR] Malaysia has said it will never give up control of Proton to a foreign firm, as it struggles to find a strategic partner for the loss-making national car company. Malaysia has for months been in talks with German carmaker Volkswagen—AFP - 375 words
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425 2007-06-04 17 AP [KOTA BHARU, Malaysia] Traditional clerics lost a contest for crucial posts yesterday in Malaysia's biggest Islamic opposition group, paving the way for younger members to modernise the conservative tyThe Pan-Malaysian Islamic Party, or PAS, concluded a three-day congress with resultsAP - 425 words
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Article, Illustration262 2007-06-04 17 —Xinhua [JAKARTA] Indonesia's oil and gas companies have begun to suffer from a shortage of skilled workers due to their preference to work overseas, an oil drilling executive says. "The shortage of professionals in the oil and gas—Xinhua; BLOOMBERG - 262 words
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237 2007-06-04 17 —AFP [KUALA LUMPUR] Malaysia has refused to disband a volunteer corps used to crack down on illegal immigrants which has been criticised for rights abuses and vigilantism, a report said yesterday. Criticism has been growing over the uniformed RELA corps, a 500,000-strong volunteer citizen—AFP - 237 words
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GREATER CHINA
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588 2007-06-04 18 AFP [BEIJING] The spectacular run of China's stock markets has drawn a barrage of warnings that a sharp correction is imminent, but many analysts believe a downturn will do little economic harm at home and abroad. Chinese consumer spending, the likeliest victim if– AFP - 588 words
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556 2007-06-04 18 Esprit Holdings and Spanish retailer Zara are the latest to be linked along with Tokyo-listed Uniqlo THREE global clothing retail giants ♦are separately considering buying a substantial stake in Hong Kong-listed •Giordano International, according to South China Morning Post sources. Esprit Holdings and Spanish556 words
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428 2007-06-04 18 Reuters [SHANGHAI] Chinese stock investors are shifting their focus to mutual funds from direct purchases of individual shares as the market grows more volatile in the wake of this week's trading tax hike, official data showed last Friday. The switch, if itReuters - 428 words
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Article, Illustration1107 2007-06-04 18 -AP <$**** TANDING atop the Empire State Building and look- ing out on the expanse of glinting skyscrapers and miniature yellow taxicabs, Lili Ma had no doubt 1 that New York was the place to be on her vacation from China.-AP; AP - 1,107 words
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331 2007-06-04 18 Xinhua [BEIJING] TCL, one of China's major television and mobile phone makers, is expected to turnaround its ailing European operations with a major restructuring ending this month. TCL president Li Dongsheng said the corporation should recover losses incurred in the European market, and strengthen– Xinhua - 331 words
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Page 18 Advertisements
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Advertisement39 2007-06-04 18 Lianhe Zaobao I The potential deal I I to take up a I I 25 percent stake I i in loss-making I I China Eastern Airlines I I again tests I I SlA's foresight I 1 ivM» I I39 words
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INDIA
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309 2007-06-04 19 [ST GALLEN, Switzerland] Indian drugmaker Ranbaxy Laboratories Ltd sees itself as predator and not prey, chief mentor and executive vice-chairman of the board Brian Tempest told Reuters last Friday. "Ranbaxy sees itself as an acquirer of companies," Mr Tempest said when asked if Ranbaxy—Reuters - 309 words
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Article, Illustration545 2007-06-04 19 But both sides say they're closer to ironing out kinks that threaten pact —Reuters [NEW DELHI] US and Indian negotiators failed to achieve a breakthrough over a landmark nuclear energy agreement on Saturday but said that they were much closer to ironing out differences—Reuters; REUTERS - 545 words
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157 2007-06-04 19 [MUMBAI] A joint venture of Dubai's Emaar Properties and India's MGF Developments Ltd plans to invest in India more than US$l2 billion over the next four to five years, a newspaper reported on Saturday. Of the total sum, US$3US$4 billion wouldReuters - 157 words
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Article, Illustration425 2007-06-04 19 Reuters [BANGALORE] Infosys Technologies Ltd, India's second-largest technology exporter, is getting 3 to 4 per cent higher rates from customers, chief operating officer S Gopalakrishnan said on Friday. Indian software firms have been getting higher rates from their western clients, but soaring wagesReuters - 425 words
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Article, Illustration721 2007-06-04 19 Widening social divide may spell disaster at polls —AFP [NEW DELHI] India's prime minister, a staid 74-year-old hailed as a model of probity amid a sea of corruption, should be happy that the country's economy has expanded more than 9 per cent in the past—AFP; AFP - 721 words
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Page 19 Advertisements
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Advertisement9 2007-06-04 19 Tune in to Radio 91.3 FM 100% pure fun9 words
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ASIA-PACIFIC/WORLD
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Article790 2007-06-04 20 ANDREW MARKS - WALL STREET INSIGHT Economy appears to be solid and Q2 is shaping up to be good for earnings, say analysts By ANDREW MARKS in New York JUST a little more than three months ago, a sell-off in the Chinese stockmarket sent the US stock market790 words
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Article, Illustration60 2007-06-04 20 RICHARD Branson pictured with members of the Masai Mara tribe as they make him a Tribal Elder for bringing prosperity to the land at the Masai Mara reserve in Kenya on Saturday. He was in Kenya to promote Virgin Atlantic's new daily service between London'sAP - 60 words
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567 2007-06-04 20 NEIL BEHRMANN - By NEIL BEHRMANN in London CAISSE de depot et placement du Quebec, the Csl43 billion (Ss2o6 billion) Canadian pension fund, intends to speed up its Asian investment programme. Caisse's role in the Grupo Ferrovial consortium that acquired UK airports authority BAA567 words
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837 2007-06-04 20 —AFP [MANILA] The 1997 Asian financial crisis left the Philippine property market reeling but business process outsourcing (BPO) came to the rescue, breathing new life into old office buildings and sparking a building boom in cities throughout the country. Today, Manila's—AFP - 837 words
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522 2007-06-04 20 Bloomberg [BOSTON] General Electric Co (GE), the world's biggest maker of power-plant turbines and locomotives, forecasts revenue from Saudi Arabia will rise about 20 per cent annually through 2010 as the country builds new cities, railroads, hospitals and airports. Saudi ArabiaBloomberg - 522 words
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World
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Article, Illustration631 2007-06-04 21 It also plans to spend aggressively to market Apple's iPhone due in June Reuters [NEW YORK] AT&T Inc's new chief executive Randall Stephenson said the largest US phone company may acquire overseas assets or technology companies to bolster its corporate and— Reuters; AP - 631 words
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482 2007-06-04 21 It collects less revenue than many countries AP [WASHINGTON] When it comes to taking oil and natural gas from US government land and waters, the oil companies are getting a good deal, says a congressional report. The Government Accountability Office— AP - 482 words
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Article, Illustration500 2007-06-04 21 Reuters [F AYETTEVILLE, Arkansas] Wal-Mart Stores Inc will cut the number of supercentres it plans to open this year by as much as 30 per cent as it tries to boost sales at US stores, sending its shares up 4 per cent. Chief– Reuters; REUTERS - 500 words
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595 2007-06-04 21 Litigious hedge fund creditors seen squeezing value, forcing asset sales Reuters [NEW YORK] Cred-it-strapped companies are in for rough times in US bankruptcy courts as litigious hedge fund creditors vie to squeeze value and force asset sales, veteran restructuring advisers predictedReuters - 595 words
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373 2007-06-04 21 Bloomberg [LOS ANGELES] Toyota Motor Corp, Japan's biggest carmaker, increased US sales by 14 per cent in May on demand for fuel-effi-cient models, helping Asian companies boost their market share after faltering in April. Sales also rose 2.5 per cent from a year earlierBloomberg - 373 words
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AVIATION/SHIPPING
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234 2007-06-04 22 —AFP [COPENHAGEN] Pirates have captured the Danish cargo ship Danica White off the coast of Somalia, its owner said on Saturday. Joergen Folmer, the owner of H Folmer Co, told the Danish Ritzau news agency that the ship with a crew—AFP - 234 words
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584 2007-06-04 22 But it faces growing competition from rivals in the region —AFP [HONG KONG] Hong Kong airport's new terminal will help strengthen the city's position as an Asian and global transportation hub, but competition from rivals in the region continues to grow,—AFP - 584 words
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Article, Illustration610 2007-06-04 22 Sluggish pace seems to reflect pan-European make-up of firm AFP [PARIS] A much-vaunted plan to revive the fortunes of the struggling European aircraft manufacturer Airbus, unveiled four months ago in response to damaging production delays, is taking its time getting off theAFP; REUTERS - 610 words
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304 2007-06-04 22 Bloomberg [NEW YORK] Rates to ship crude oil from the Caribbean basin fell for a third day as refinery maintenance and repairs helped create a surplus of crude oil along the US Gulf Coast and mid-continent. As of last week, supplies ofBloomberg - 304 words
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Article251 2007-06-04 22 —Xinhua ILOS ANGELES] A foiled plot to blow up New York's Kennedy International Airport prompted authorities to beef up security at the Los Angeles International Airport (LAX) on Saturday. "We have enhanced our security measures based upon established protocol" said airport police Lieutenant Curtis Thompson.—Xinhua - 251 words
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Article2265 2007-06-04 22 city WT ro rum n> KXM 1MB MM LM771 1TS0 IM770 2MS iQUI 1730 WW 2Mi Um.tt.i SQ-,3 07«0 Hi i a i KUB7_1H5__ SQW4 2345 as res ss jssi ?;s LH9757 2095 JL2432 2120 MZ430S 2035 LH9755 2155 5020* 2035 NZ4305 2155 5Q205 2115 H5E2,265 words
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Advertisement62 2007-06-04 22 MARITEC FUEL TESTING SOLUTIONS The Fastest Crowing International Fuel Testing Service Competitive Prices Express Worldwide DHL Courier Well Qualified Management Team ISO Accredited Laboratory Opens 365 days a year Fast Response ,sales Force Solutions Focused i sq A Maritec Pte Ltd 192, fiandan Loop #05-27 Pantech Industrial Complex Singapore *****162 words
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Page 22 Miscellaneous
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Miscellaneous276 2007-06-04 22 CRYPTIC CROSSWORD 7 Smooth Blair cut apart by En8 Firm carrying old stock (5) 11 Fish on grand stream for fish I Censored strip, say (6) Hi IH JHj -14 Moderately left in Labour, for example (6) Ceremony for the ■HHHHT ~aH jHMHHI ence (4) 17 Commotion with sailors on276 words
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Article11349 2007-06-04 23 SGX MAINBOARD Week ended: Jun 1 52 WV Tel Last Vol Week Last Quota Dlv GrVW Not MCap High Low Codo Company Sate ('000) High Low luyor SeAer Cw PIt Sfflil 3.5 2 5716 1st Software 2 susp 81 18 6 3148 STeiecom 17 +1 7714 18 1611,349 words
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Advertisement171 2007-06-04 23 Not been making the most of the marketsf Then it's time to trade CFDs with City Intlex Asia. Trade multiple markets from Trade long or short on ton market one account price# Manage your riak with atop lossai and Trade stocks, ETrt and indices from other order typee margin i171 words
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Article7157 2007-06-04 24 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES In local curr In S$ In USS dy yr dy yr dy Syr Jun 1 Index Change Change Change Change Change Change Woftd Index Preliminav 1198.3 0.6 8.9 0.7 9.4 0£ 9.6 t EAFE Preliminary 1208.1 0.8 9.1 0.8 9.6 0.6 9.8 Europe7,157 words
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Advertisement1403 2007-06-04 25 UK CONTINENT SERVICE U.S.A SERVICE Destination Destination NIPHANAREE RDM/ATW/BMN/TLB/NAN STXPOTBN CAM/NFK/NOL/SAV Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A. SERVICE Destination Destination PAN VOYAGER DBI/ABU/DOH/BRN/DMM/KWT STXPOTBN INC/BSN PAN BRIGHT JDH/BJA LAURADA DBI/DBU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk,1,403 words
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Advertisement663 2007-06-04 25 ItnUAMA RORO tnvict VBSR/VOT IMMPgT) IBCHTf) HB KM IP I SW I JKT STKAITS EXfVESS 11 30 U 27/05 31/05 03/06 05/04 STMITS SUCCESS 19 10 O 14/04 l»/04 [AUSTRALIAN RORO SERVICE 1 vßsa/vor ««wi) wbghtp) I m i sm i mb stp m u* re OCESOEM/OM 100 Si) 24-74/05663 words
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Advertisement1174 2007-06-04 26 |-j;n EASTERN CAR LINER, LTD W 1 SPECIALIZE IN RORO A HEAVY UfT WTO 450 TOHS~] vot it—(im uftfcwffn sm pkl pnn jkt mua m COSMIC LEADtK 12 <0 *0 01/ M IQ/M L 2& ESTRELLA ETERNA 144 60 11/04 15/01 bAiftt i —8 tt W lW YiKHflrcm *o w1,174 words
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Advertisement159 2007-06-04 26 imMSMHI BREAKBULK A CONVENTIONAL SERVICE DIRECT SERVKE FROM S PORE TO KARACHI IVKSfI VOYAGE ETA SUGAPORE ETAXARAOI ISUMAIAO I 047HW 29.05.2007 09.06.2007 I TIA 15-20.07.2007 »45.a7?65r~l Wift SEA-PAC MANAGEMENT PTE. LTD. 70 Anson Road •10-06/00 Ap*x Taww, Singapore *****5 Talaphonat 6270 0977 V II Facsknit*: 6275 2309 XII T«Ux; RS159 words
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The Business Times Shipping Times
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5555 2007-06-04 27 This ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Hwibtr Number To ABIDJAN (ABJ) 2003 Cote D'lvoire 16/06 23/07 Delmas URSULA DELMAS 724W *****344 16/06 24/07 Delmas URSULA DELMAS 724W *****344 23AJ6 28/07 Delmas CMA CGM C0L0MBIE 725W *****344 23/06 30/07 Delmas5,555 words
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Advertisement582 2007-06-04 27 IiVPODBDIM I VESSEL VOY PKI SIN KHI DXB BAB DMM BIK KHO MAGNAVIA PCLB2OI SKIP 06/06 SKIP 14/06 15/06 21/06 23/06 25/06 IRAN SATTARI PCIB2OO 10/06 09/06 18/06 21/06 22/06 28/06 30/06 02/07 IRAN TABATABAEI PCLB2O2 11/06 12/06 21/06 24/06 25/06 01/07 03/07 05/07 I VESSEL VOY SIN NHS BNP582 words
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BizIT
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Article, Illustration881 2007-06-04 29 AMIT ROY CHOUDHURY - Finance and Accounting, Customer Care are largest segments By AMIT ROY CHOUDHURY THE Singapore Business Process Outsourcing (BPO) market is expected to grow at a healthy clip of 14 per cent this year to end at US$565 million, up from881 words
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154 2007-06-04 29 —Reuters [TOKYO] Japanese electronics conglomerate Hitachi Ltd and United States software firm Oracle Corp will jointly market wireless tags in China that can be used to identify counterfeit goods, the Nikkei business daily said yesterday. Piracy of branded and copyright goods has been—Reuters - 154 words
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Article, Illustration456 2007-06-04 29 WINSTON CHAI - By WINSTON CHAI SINGAPOREANS are splurging on the latest technology gadgets ahead of the goods and services tax (GST) increase and this has sent the cash registers at the PC Show ringing to a record high. As at yesterday afternoon, sales atDESMOND LIM/ST - 456 words
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Article, Illustration586 2007-06-04 29 WINSTN CHAI - <what' s up> Compiled by WINSTN CHAI KIICA S'pore names new director-general THE Korean IT International Cooperation Agency (KIICA) has appointed Eun Jung Lee (above) as the director-general of its Singapore branch. KIICA Singapore currently oversees Korea's IT marketing and promotional efforts in Asean, as well as in India, Pakistan586 words
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1005 2007-06-04 29 DR TIA TOO SENG - <you say> New tools help people resolve business issues across organisations and time zones By DR TIA TOO SENG INFORMATION is one of the key building blocks of any business, enterprise or SME. It allows visibility into a company's business performance and market1,005 words
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Article, Illustration782 2007-06-04 30 AMIT ROY CHOUDHURY - The managed IP PBX end-to-end service will serve all communication needs of enterprise customers, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SINGAPORE Telecommunications (Sing Tel) has teamed up with business communications applications provider Avaya Inc to pro.vide enterprise customers with782 words
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561 2007-06-04 30 1,333 local, foreign firms will take part in June 5-9 show —Reuters [TAIPEI] Electronics firms will showcase their latest whizz-bang gadgets, many in some of the smallest computers ever, as they try to push recovery into higher gear this week at Taiwan's Computex, the—Reuters - 561 words
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Advertisement339 2007-06-04 30 1 iHinivHnBHBK S J®jgßr [i I M F W v -11 1 .-.I ■im^^J v'Ja Mm -ass- imagine success and performance packaged into Q| 1 j 9a our printing solutions Power-packed with many options for success. Industry-changing innovations, I T~ fast speed printing, enhanced solutions and brilliant award-winning designs clp-300339 words
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Advertisement10 2007-06-04 30 YOU SAY How digital collaboration can help businesses PAGE 2910 words
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