The Business Times, 4 June 2007

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Total Pages: 30
1 30 The Business Times
  • 20 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 cents
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  • 777 1  -  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 a
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  • 708 1  -  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 their
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  • TOP STORIES
    • 375 2  -  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 of
      375 words
    • 466 2  -  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 have
      AFP  -  466 words
    • 489 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,
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  • Page 2 Advertisements
    • 279 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,
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    • 1255 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 East
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    • 359 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, 122
      359 words

  • ENTREPRENEUR INSIGHTS
    • 752 3  -  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 Singapore
      AP  -  752 words
    • 226 3  -  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 Some
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    • 1225 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 the
      FILE PHOTO  -  1,225 words
  • Page 3 Advertisements
    • 89 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 A
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  • SHANGRI-LA DIALOGUE
    • 696 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
    • 428 4  -  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
    • 163 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 INDEX
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  • Page 4 Advertisements
    • 686 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 demonstrate
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  • Page 5 Advertisements
    • 212 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»
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  • VIEWS FROM THE TOP
    • Article, Illustration
      2377 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 longer
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  • Page 6 Advertisements
    • 49 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


  • SINGAPORE MARKETS
    • 650 8  -  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's
      650 words
    • 706 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% OAMi
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    • 262 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
    • 445 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 restarting
      AFP  -  445 words
    • 2103 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 8.18
      2,103 words

  • COMPANY NEWS
    • 651 9  -  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-end
      651 words
    • 228 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
    • 577 9  -  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 a
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  • Page 9 Advertisements
    • 2 9 Good gains
      2 words
    • 276 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 staff
      276 words

  • SINGAPORE MARKETS
    • 1483 10  -  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-week
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    • 964 10  -  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 with
      FILE PHOTO  -  964 words

  • COMPANY NEWS
    • 503 11  -  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,
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    • 684 11  -  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 the
      684 words
    • 328 11  -  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 for
      328 words
  • Page 11 Advertisements
    • 428 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
    • 700 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 of
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  • SINGAPORE NEWS
    • 269 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 Bukit
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    • 785 12  - 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
    • 221 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 Singapore
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  • Page 12 Advertisements
    • 33 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.E
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  • S'PORE ARTS FESTIVAL
    • 559 13  -  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 Festival
      ARTHUR LEE  -  559 words
    • 191 13  -  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 to
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    • 389 13  -  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's
      FILE PHOTO  -  389 words
    • 404 13  -  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 for
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  • Page 13 Advertisements
    • 54 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 UtOMMk
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  • DINING OUT
    • 1233 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 best
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  • Page 14 Advertisements
    • 194 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 savoury
      194 words
    • 88 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 to
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    • 32 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 j
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 733 15  -  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 a
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    • 849 15  -  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 had
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  • Page 15 Advertisements
    • 256 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

  • ECONOMY WATCH
    • 504 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 economic
      Reuters; FILE PHOTO  -  504 words
    • 704 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 struggling
      AP; BLOOMBERG  -  704 words
    • 216 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
    • 539 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
    • 541 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 0.17
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    • 619 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 interest
      AFP  -  619 words

  • MALAYSIA/INDONESIA
    • 774 17  -  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 of
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    • 2810 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 1.55
      2,810 words
    • 375 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
    • 425 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 results
      AP  -  425 words
    • 262 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
    • 237 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

  • GREATER CHINA
    • 588 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
    • 556 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 Spanish
      556 words
    • 428 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 it
      Reuters  -  428 words
    • 1107 18 -AP <$**** TANDING atop the Empire State Building and look- ing out on the expanse of glinting skyscrapers and miniature yellow taxicabs, Lili Ma had no doubt 1 that New York was the place to be on her vacation from China.
      -AP; AP  -  1,107 words
    • 331 18 Xinhua [BEIJING] TCL, one of China's major television and mobile phone makers, is expected to turnaround its ailing European operations with a major restructuring ending this month. TCL president Li Dongsheng said the corporation should recover losses incurred in the European market, and strengthen
      – Xinhua  -  331 words
  • Page 18 Advertisements
    • 39 18 Lianhe Zaobao I The potential deal I I to take up a I I 25 percent stake I i in loss-making I I China Eastern Airlines I I again tests I I SlA's foresight I 1 ivM» I I
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  • INDIA
    • 309 19 [ST GALLEN, Switzerland] Indian drugmaker Ranbaxy Laboratories Ltd sees itself as predator and not prey, chief mentor and executive vice-chairman of the board Brian Tempest told Reuters last Friday. "Ranbaxy sees itself as an acquirer of companies," Mr Tempest said when asked if Ranbaxy
      —Reuters  -  309 words
    • 545 19 But both sides say they're closer to ironing out kinks that threaten pact —Reuters [NEW DELHI] US and Indian negotiators failed to achieve a breakthrough over a landmark nuclear energy agreement on Saturday but said that they were much closer to ironing out differences
      —Reuters; REUTERS  -  545 words
    • 157 19 [MUMBAI] A joint venture of Dubai's Emaar Properties and India's MGF Developments Ltd plans to invest in India more than US$l2 billion over the next four to five years, a newspaper reported on Saturday. Of the total sum, US$3US$4 billion would
      Reuters  -  157 words
    • 425 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 wages
      Reuters  -  425 words
    • 721 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
  • Page 19 Advertisements

  • ASIA-PACIFIC/WORLD
    • 790 20  -  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 market
      790 words
    • 60 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's
      AP  -  60 words
    • 567 20  -  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 BAA
      567 words
    • 837 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
    • 522 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 Arabia
      Bloomberg  -  522 words

  • World
    • 631 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
    • 482 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
    • 500 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
    • 595 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 predicted
      Reuters  -  595 words
    • 373 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 earlier
      Bloomberg  -  373 words

  • AVIATION/SHIPPING
    • 234 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
    • 584 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
    • 610 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 the
      AFP; REUTERS  -  610 words
    • 304 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 of
      Bloomberg  -  304 words
    • 251 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
    • 2265 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 H5E
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  • Page 22 Advertisements
    • 62 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 *****1
      62 words
  • Page 22 Miscellaneous
    • 276 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 on
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  • 11349 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 16
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  • Page 23 Advertisements
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  • BizIT
    • 881 29  -  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 from
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    • 154 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
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    • 456 29  -  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 at
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    • Article, Illustration
      586 29  - <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, Pakistan
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    • 1005 29  -  <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 market
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    • 782 30  -  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 with
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    • 561 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
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